The U.S. Large Cap Value
Series
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | ||||
COMMON STOCKS — (98.6%) | |||||
COMMUNICATION SERVICES — (10.7%) | |||||
Activision Blizzard, Inc. | 495,850 | $41,462,977 | |||
AT&T, Inc. | 22,876,258 | 641,679,037 | |||
# * | Charter Communications, Inc., Class A | 707,183 | 526,179,511 | ||
Comcast Corp., Class A | 14,284,552 | 840,360,194 | |||
# * | Discovery, Inc., Class A | 1,025,284 | 29,743,489 | ||
# * | Discovery, Inc., Class C | 1,512,068 | 40,992,163 | ||
# * | DISH Network Corp., Class A | 654,577 | 27,420,231 | ||
Electronic Arts, Inc. | 10,079 | 1,450,973 | |||
Fox Corp., Class A | 1,012,263 | 36,097,299 | |||
Fox Corp., Class B | 398,625 | 13,250,295 | |||
Interpublic Group of Cos., Inc. (The) | 837,422 | 29,611,242 | |||
* | Liberty Broadband Corp., Class A | 27,366 | 4,697,921 | ||
* | Liberty Broadband Corp., Class C | 255,397 | 45,330,414 | ||
* | Liberty Media Corp.-Liberty Formula One, Class A | 39,281 | 1,628,590 | ||
* | Liberty Media Corp.-Liberty Formula One, Class C | 78,562 | 3,686,915 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class A | 157,126 | 7,336,213 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class C | 358,516 | 16,563,439 | ||
# | Lumen Technologies, Inc. | 6,413,688 | 79,978,689 | ||
* | Madison Square Garden Entertainment Corp. | 8,266 | 578,289 | ||
News Corp., Class A | 579,629 | 14,276,262 | |||
News Corp., Class B | 64,856 | 1,524,765 | |||
Omnicom Group, Inc. | 37,034 | 2,696,816 | |||
* | T-Mobile US, Inc. | 1,375,171 | 198,052,127 | ||
Verizon Communications, Inc. | 1,806,925 | 100,790,276 | |||
ViacomCBS, Inc., Class A | 2,909 | 129,538 | |||
ViacomCBS, Inc., Class B | 1,966,931 | 80,506,486 | |||
* | Walt Disney Co. (The) | 2,078,562 | 365,868,483 | ||
# * | Zillow Group, Inc., Class C | 6,600 | 701,316 | ||
* | Zynga, Inc., Class A | 10,500 | 106,050 | ||
TOTAL COMMUNICATION SERVICES | 3,152,700,000 | ||||
CONSUMER DISCRETIONARY — (7.4%) | |||||
Advance Auto Parts, Inc. | 260,851 | 55,316,063 | |||
* | Aptiv P.L.C. | 178,215 | 29,735,173 | ||
Aramark | 968,262 | 34,015,044 | |||
Autoliv, Inc. | 417,162 | 42,083,303 | |||
* | AutoNation, Inc. | 16,300 | 1,977,679 | ||
BorgWarner, Inc. | 1,106,571 | 54,199,848 | |||
* | Capri Holdings, Ltd. | 28,630 | 1,612,155 | ||
* | CarMax, Inc. | 346,514 | 46,415,550 | ||
# * | Carnival Corp. | 1,380,879 | 29,896,030 | ||
* | Dollar Tree, Inc. | 491,498 | 49,046,585 | ||
DR Horton, Inc. | 2,991,530 | 285,481,708 | |||
* | Ford Motor Co. | 7,664,173 | 106,915,213 | ||
Gap, Inc. (The) | 942,706 | 27,498,734 | |||
Garmin, Ltd. | 539,212 | 84,764,126 | |||
* | General Motors Co. | 5,294,855 | 300,959,558 | ||
Gentex Corp. | 1,383,656 | 47,085,814 | |||
Genuine Parts Co. | 729 | 92,525 | |||
Harley-Davidson, Inc. | 351,262 | 13,917,000 | |||
Hasbro, Inc. | 31,000 | 3,082,640 | |||
# * | Hyatt Hotels Corp., Class A | 139,548 | 11,145,699 | ||
Kohl's Corp. | 522,185 | 26,526,998 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
CONSUMER DISCRETIONARY — (Continued) | |||||
Lear Corp. | 354,145 | $61,968,292 | |||
Lennar Corp., Class A | 1,099,539 | 115,616,526 | |||
Lennar Corp., Class B | 37,985 | 3,280,005 | |||
Lithia Motors, Inc., Class A | 108,700 | 41,003,814 | |||
* | LKQ Corp. | 1,704,698 | 86,513,424 | ||
MGM Resorts International | 2,019,723 | 75,800,204 | |||
* | Mohawk Industries, Inc. | 566,421 | 110,395,453 | ||
Newell Brands, Inc. | 421,859 | 10,441,010 | |||
# * | Norwegian Cruise Line Holdings, Ltd. | 89,903 | 2,160,369 | ||
PulteGroup, Inc. | 2,382,974 | 130,753,783 | |||
* | PVH Corp. | 289,789 | 30,317,725 | ||
Qurate Retail, Inc., Class A | 63,525 | 753,407 | |||
Ralph Lauren Corp. | 234,179 | 26,584,000 | |||
# * | Royal Caribbean Cruises, Ltd. | 796,259 | 61,208,429 | ||
* | Skechers U.S.A., Inc., Class A | 31,900 | 1,712,392 | ||
* | Tapestry, Inc. | 359,369 | 15,201,309 | ||
Target Corp. | 151,503 | 39,549,858 | |||
Toll Brothers, Inc. | 163,928 | 9,716,013 | |||
# * | Veoneer, Inc. | 289,615 | 9,070,742 | ||
Whirlpool Corp. | 492,212 | 109,044,647 | |||
TOTAL CONSUMER DISCRETIONARY | 2,192,858,847 | ||||
CONSUMER STAPLES — (5.5%) | |||||
Archer-Daniels-Midland Co. | 1,126,143 | 67,253,260 | |||
Bunge, Ltd. | 586,403 | 45,522,465 | |||
Conagra Brands, Inc. | 696,238 | 23,317,011 | |||
Constellation Brands, Inc., Class A | 396,549 | 88,961,803 | |||
* | Darling Ingredients, Inc. | 496,900 | 34,320,883 | ||
General Mills, Inc. | 1,318,825 | 77,626,039 | |||
# | Hormel Foods Corp. | 114,985 | 5,333,004 | ||
Ingredion, Inc. | 21,480 | 1,886,159 | |||
JM Smucker Co. (The) | 861,442 | 112,943,661 | |||
Keurig Dr Pepper, Inc. | 146,125 | 5,145,061 | |||
Kraft Heinz Co. (The) | 1,254,112 | 48,245,689 | |||
Kroger Co. (The) | 3,321,778 | 135,196,365 | |||
McCormick & Co., Inc. | 10,620 | 893,885 | |||
* | Molson Coors Beverage Co., Class B | 470,091 | 22,982,749 | ||
Mondelez International, Inc., Class A | 3,446,636 | 218,034,193 | |||
* | Pilgrim's Pride Corp. | 6,211 | 137,574 | ||
* | Post Holdings, Inc. | 391,094 | 40,024,560 | ||
Seaboard Corp. | 13 | 53,430 | |||
Tyson Foods, Inc., Class A | 1,703,838 | 121,756,263 | |||
* | US Foods Holding Corp. | 1,048,790 | 36,015,449 | ||
Walgreens Boots Alliance, Inc. | 3,187,988 | 150,313,634 | |||
Walmart, Inc. | 2,763,512 | 393,938,635 | |||
TOTAL CONSUMER STAPLES | 1,629,901,772 | ||||
ENERGY — (7.1%) | |||||
Baker Hughes Co. | 835,609 | 17,748,335 | |||
Cabot Oil & Gas Corp. | 31,900 | 510,400 | |||
Chevron Corp. | 2,479,971 | 252,485,847 | |||
Cimarex Energy Co. | 11,916 | 776,923 | |||
ConocoPhillips | 5,763,685 | 323,112,181 | |||
Continental Resources, Inc. | 7,637 | 260,804 | |||
Devon Energy Corp. | 448,267 | 11,583,219 | |||
Diamondback Energy, Inc. | 4,467 | 344,540 | |||
EOG Resources, Inc. | 1,019,359 | 74,270,497 | |||
Exxon Mobil Corp. | 7,736,592 | 445,395,601 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
ENERGY — (Continued) | |||||
Halliburton Co. | 1,438,348 | $29,745,037 | |||
Hess Corp. | 1,048,389 | 80,138,855 | |||
HollyFrontier Corp. | 392 | 11,525 | |||
Kinder Morgan, Inc. | 4,348,380 | 75,574,844 | |||
Marathon Oil Corp. | 53,438 | 619,346 | |||
Marathon Petroleum Corp. | 2,574,548 | 142,166,541 | |||
* | NOV, Inc. | 23,459 | 323,969 | ||
Occidental Petroleum Corp. | 3,751,982 | 97,926,730 | |||
ONEOK, Inc. | 788,946 | 41,001,524 | |||
Phillips 66 | 938,504 | 68,914,349 | |||
Pioneer Natural Resources Co. | 483,420 | 70,274,765 | |||
Schlumberger, N.V. | 4,433,335 | 127,813,048 | |||
Targa Resources Corp. | 438,261 | 18,455,171 | |||
Valero Energy Corp. | 2,088,368 | 139,858,005 | |||
Williams Cos., Inc. (The) | 2,492,719 | 62,442,611 | |||
TOTAL ENERGY | 2,081,754,667 | ||||
FINANCIALS — (21.2%) | |||||
Aflac, Inc. | 1,552,844 | 85,406,420 | |||
* | Alleghany Corp. | 33,373 | 22,129,636 | ||
Allstate Corp. (The) | 789,514 | 102,676,296 | |||
Ally Financial, Inc. | 3,002,913 | 154,229,612 | |||
American Financial Group, Inc. | 352,608 | 44,601,386 | |||
American International Group, Inc. | 1,394,312 | 66,020,673 | |||
* | Arch Capital Group, Ltd. | 522,976 | 20,396,064 | ||
Assurant, Inc. | 225,564 | 35,596,255 | |||
* | Athene Holding, Ltd., Class A | 122,622 | 7,923,834 | ||
Axis Capital Holdings, Ltd. | 76,336 | 3,883,212 | |||
Bank of America Corp. | 11,323,780 | 434,380,201 | |||
Bank of New York Mellon Corp. (The) | 2,654,900 | 136,276,017 | |||
* | Berkshire Hathaway, Inc., Class B | 1,966,954 | 547,383,629 | ||
BOK Financial Corp. | 6,114 | 513,637 | |||
Capital One Financial Corp. | 1,585,334 | 256,348,508 | |||
Charles Schwab Corp. (The) | 3,700 | 251,415 | |||
Chubb, Ltd. | 588,566 | 99,314,627 | |||
Citigroup, Inc. | 5,296,977 | 358,181,585 | |||
Citizens Financial Group, Inc. | 912,076 | 38,453,124 | |||
CNA Financial Corp. | 188,355 | 8,289,504 | |||
Comerica, Inc. | 155,103 | 10,649,372 | |||
East West Bancorp, Inc. | 105,524 | 7,508,033 | |||
Equitable Holdings, Inc. | 1,600 | 49,392 | |||
Everest Re Group, Ltd. | 105,228 | 26,604,795 | |||
Fifth Third Bancorp | 4,561,985 | 165,554,436 | |||
First Horizon Corp. | 75,600 | 1,168,020 | |||
Franklin Resources, Inc. | 55,372 | 1,636,243 | |||
Goldman Sachs Group, Inc. (The) | 1,096,257 | 410,964,824 | |||
Hartford Financial Services Group, Inc. (The) | 2,301,121 | 146,397,318 | |||
Huntington Bancshares, Inc. | 7,009,752 | 98,697,308 | |||
Invesco, Ltd. | 245,316 | 5,980,804 | |||
Jefferies Financial Group, Inc. | 303,442 | 10,071,240 | |||
JPMorgan Chase & Co. | 5,855,926 | 888,812,448 | |||
KeyCorp | 3,705,439 | 72,848,931 | |||
Lincoln National Corp. | 622,946 | 38,385,932 | |||
Loews Corp. | 974,732 | 52,274,877 | |||
M&T Bank Corp. | 159,324 | 21,325,517 | |||
* | Markel Corp. | 299 | 360,645 | ||
MetLife, Inc. | 1,295,081 | 74,726,174 | |||
Morgan Stanley | 4,295,101 | 412,243,794 | |||
Northern Trust Corp. | 7,507 | 847,165 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
Old Republic International Corp. | 789,063 | $19,458,294 | |||
People's United Financial, Inc. | 396,896 | 6,231,267 | |||
PNC Financial Services Group, Inc. (The) | 1,142,434 | 208,391,386 | |||
Principal Financial Group, Inc. | 1,679,227 | 104,330,373 | |||
Prosperity Bancshares, Inc. | 10,200 | 695,538 | |||
Prudential Financial, Inc. | 735,801 | 73,786,124 | |||
Raymond James Financial, Inc. | 1,486 | 192,407 | |||
Regions Financial Corp. | 5,577,353 | 107,364,045 | |||
Reinsurance Group of America, Inc. | 171,654 | 18,912,838 | |||
RenaissanceRe Holdings, Ltd. | 112,797 | 17,222,974 | |||
Santander Consumer USA Holdings, Inc. | 811,033 | 33,276,684 | |||
Signature Bank | 400 | 90,788 | |||
State Street Corp. | 466,753 | 40,672,856 | |||
Synchrony Financial | 1,171,756 | 55,095,967 | |||
Synovus Financial Corp. | 149,272 | 6,105,225 | |||
Travelers Cos., Inc. (The) | 1,134,648 | 168,971,780 | |||
Truist Financial Corp. | 2,893,413 | 157,488,470 | |||
U.S. Bancorp. | 665,524 | 36,963,203 | |||
Unum Group | 30,296 | 830,110 | |||
Voya Financial, Inc. | 184,436 | 11,877,678 | |||
Wells Fargo & Co. | 5,521,821 | 253,672,457 | |||
WR Berkley Corp. | 260,023 | 19,025,883 | |||
Zions Bancorp NA | 744,970 | 38,850,185 | |||
TOTAL FINANCIALS | 6,248,869,435 | ||||
HEALTH CARE — (15.6%) | |||||
Abbott Laboratories | 290,207 | 35,109,243 | |||
AbbVie, Inc. | 6,916 | 804,331 | |||
Anthem, Inc. | 936,304 | 359,550,099 | |||
AstraZeneca P.L.C., Sponsored ADR | 511,454 | 29,275,627 | |||
Baxter International, Inc. | 555,114 | 42,938,068 | |||
Becton Dickinson and Co. | 121,252 | 31,010,199 | |||
* | Biogen, Inc. | 283,809 | 92,728,915 | ||
* | Bio-Rad Laboratories, Inc., Class A | 28,609 | 21,156,642 | ||
* | Boston Scientific Corp. | 44,198 | 2,015,429 | ||
Bristol-Myers Squibb Co. | 3,539,000 | 240,191,930 | |||
Cardinal Health, Inc. | 1 | 59 | |||
* | Catalent, Inc. | 24,420 | 2,925,760 | ||
* | Centene Corp. | 1,670,416 | 114,607,242 | ||
Cerner Corp. | 24,855 | 1,998,093 | |||
* | Change Healthcare, Inc. | 290,410 | 6,304,801 | ||
Cigna Corp. | 1,367,085 | 313,732,337 | |||
Cooper Cos., Inc. (The) | 5,549 | 2,340,402 | |||
CVS Health Corp. | 4,805,258 | 395,761,049 | |||
Danaher Corp. | 975,010 | 290,055,725 | |||
* | DaVita, Inc. | 467,319 | 56,195,110 | ||
DENTSPLY SIRONA, Inc. | 322,766 | 21,315,467 | |||
* | Elanco Animal Health, Inc. | 80,232 | 2,926,061 | ||
* | Envista Holdings Corp. | 374,872 | 16,149,486 | ||
Gilead Sciences, Inc. | 1,526,929 | 104,273,981 | |||
* | Henry Schein, Inc. | 212,926 | 17,066,019 | ||
Humana, Inc. | 517,327 | 220,308,876 | |||
* | IQVIA Holdings, Inc. | 168,150 | 41,650,755 | ||
* | Jazz Pharmaceuticals P.L.C. | 216,185 | 36,647,681 | ||
* | Laboratory Corp. of America Holdings | 758,731 | 224,698,186 | ||
McKesson Corp. | 165,021 | 33,636,230 | |||
Medtronic P.L.C. | 1,781,620 | 233,944,522 | |||
PerkinElmer, Inc. | 110,802 | 20,191,448 | |||
Perrigo Co. P.L.C. | 16,298 | 782,793 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
HEALTH CARE — (Continued) | |||||
Pfizer, Inc. | 17,847,600 | $764,055,756 | |||
Quest Diagnostics, Inc. | 971,775 | 137,797,695 | |||
* | Regeneron Pharmaceuticals, Inc. | 38,745 | 22,263,264 | ||
STERIS P.L.C. | 209,232 | 45,602,114 | |||
* | Syneos Health, Inc. | 13,905 | 1,246,861 | ||
Thermo Fisher Scientific, Inc. | 758,947 | 409,838,970 | |||
* | United Therapeutics Corp. | 40,188 | 7,311,403 | ||
UnitedHealth Group, Inc. | 5,974 | 2,462,602 | |||
Universal Health Services, Inc., Class B | 541,236 | 86,819,667 | |||
Viatris, Inc. | 4,094,833 | 57,614,300 | |||
Zimmer Biomet Holdings, Inc. | 367,080 | 59,988,214 | |||
TOTAL HEALTH CARE | 4,607,293,412 | ||||
INDUSTRIALS — (13.3%) | |||||
* | AECOM | 555,241 | 34,957,973 | ||
AGCO Corp. | 370,490 | 48,945,434 | |||
* | Alaska Air Group, Inc. | 384,393 | 22,306,326 | ||
AMERCO | 84,561 | 49,718,486 | |||
AMETEK, Inc. | 143,406 | 19,940,604 | |||
Arcosa, Inc. | 75,409 | 4,129,397 | |||
* | Builders FirstSource, Inc. | 591,900 | 26,339,550 | ||
* | CACI International, Inc., Class A | 2,200 | 587,312 | ||
Carlisle Cos., Inc. | 344,730 | 69,718,195 | |||
Carrier Global Corp. | 2,458,912 | 135,854,888 | |||
Cummins, Inc. | 511,659 | 118,756,054 | |||
Deere & Co. | 1,688 | 610,364 | |||
* | Delta Air Lines, Inc. | 653,411 | 26,071,099 | ||
Dover Corp. | 414,398 | 69,254,194 | |||
Eaton Corp. P.L.C. | 1,110,312 | 175,484,812 | |||
Emerson Electric Co. | 244,394 | 24,656,911 | |||
FedEx Corp. | 1,020,334 | 285,642,503 | |||
# * | Fluor Corp. | 363 | 6,048 | ||
Fortive Corp. | 269,550 | 19,585,503 | |||
Fortune Brands Home & Security, Inc. | 521,389 | 50,819,786 | |||
General Dynamics Corp. | 361,330 | 70,831,520 | |||
General Electric Co. | 5,469,408 | 70,828,834 | |||
* | Howmet Aerospace, Inc. | 1,717,893 | 56,381,248 | ||
Hubbell, Inc. | 28,196 | 5,652,170 | |||
Huntington Ingalls Industries, Inc. | 720 | 147,694 | |||
* | Ingersoll Rand, Inc. | 798,380 | 39,016,831 | ||
Jacobs Engineering Group, Inc. | 400,402 | 54,154,370 | |||
* | JetBlue Airways Corp. | 1,025,163 | 15,162,161 | ||
Johnson Controls International P.L.C. | 1,549,925 | 110,695,643 | |||
Kansas City Southern | 679,296 | 181,915,469 | |||
L3Harris Technologies, Inc. | 99,311 | 22,517,776 | |||
Leidos Holdings, Inc. | 736,625 | 78,391,632 | |||
ManpowerGroup, Inc. | 148,673 | 17,629,644 | |||
# * | MasTec, Inc. | 15,115 | 1,530,091 | ||
* | Middleby Corp. (The) | 58,200 | 11,144,718 | ||
Nielsen Holdings P.L.C. | 1,069,797 | 25,343,491 | |||
Norfolk Southern Corp. | 871,624 | 224,730,816 | |||
nVent Electric P.L.C. | 13,164 | 416,114 | |||
Oshkosh Corp. | 237,884 | 28,439,032 | |||
Otis Worldwide Corp. | 1,228,006 | 109,967,937 | |||
Owens Corning | 522,134 | 50,208,405 | |||
PACCAR, Inc. | 960,099 | 79,678,616 | |||
Parker-Hannifin Corp. | 141,775 | 44,238,053 | |||
Pentair P.L.C. | 1,022,156 | 75,302,233 | |||
Quanta Services, Inc. | 681,204 | 61,921,444 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
Raytheon Technologies Corp. | 2,087,927 | $181,545,253 | |||
Republic Services, Inc. | 1,835,706 | 217,274,162 | |||
Roper Technologies, Inc. | 9,091 | 4,466,772 | |||
* | Sensata Technologies Holding P.L.C. | 672,107 | 39,398,912 | ||
Snap-on, Inc. | 314,577 | 68,571,494 | |||
* | Southwest Airlines Co. | 1,529,786 | 77,284,789 | ||
Stanley Black & Decker, Inc. | 768,993 | 151,530,071 | |||
Textron, Inc. | 1,834,221 | 126,579,591 | |||
Trane Technologies P.L.C. | 750,431 | 152,795,256 | |||
* | United Airlines Holdings, Inc. | 1,148,253 | 53,646,380 | ||
* | United Rentals, Inc. | 243,343 | 80,193,686 | ||
Westinghouse Air Brake Technologies Corp. | 314,577 | 26,698,150 | |||
* | XPO Logistics, Inc. | 844,422 | 117,112,887 | ||
TOTAL INDUSTRIALS | 3,916,728,784 | ||||
INFORMATION TECHNOLOGY — (9.5%) | |||||
* | Akamai Technologies, Inc. | 120,516 | 14,452,279 | ||
Amdocs, Ltd. | 720,716 | 55,574,411 | |||
Analog Devices, Inc. | 608,583 | 101,888,966 | |||
* | Arrow Electronics, Inc. | 474,688 | 56,283,756 | ||
Avnet, Inc. | 5,178 | 213,955 | |||
# * | Cerence, Inc. | 658 | 70,742 | ||
* | Ciena Corp. | 76,500 | 4,447,710 | ||
Cognizant Technology Solutions Corp., Class A | 590,129 | 43,392,185 | |||
* | Concentrix Corp. | 94,091 | 15,405,519 | ||
Corning, Inc. | 4,000,592 | 167,464,781 | |||
Dolby Laboratories, Inc., Class A | 16,857 | 1,636,815 | |||
* | DXC Technology Co. | 784,579 | 31,367,468 | ||
Fidelity National Information Services, Inc. | 826,110 | 123,131,695 | |||
* | Fiserv, Inc. | 496,667 | 57,171,338 | ||
* | Flex, Ltd. | 1,342,960 | 24,132,991 | ||
Global Payments, Inc. | 246,990 | 47,770,336 | |||
Hewlett Packard Enterprise Co. | 8,061,105 | 116,886,023 | |||
HP, Inc. | 9,358,742 | 270,186,882 | |||
Intel Corp. | 12,816,923 | 688,525,104 | |||
* | IPG Photonics Corp. | 3,170 | 691,567 | ||
Jabil, Inc. | 219,735 | 13,083,022 | |||
Juniper Networks, Inc. | 1,222,205 | 34,392,849 | |||
Lam Research Corp. | 19,375 | 12,349,819 | |||
Marvell Technology, Inc. | 1,148,850 | 69,516,914 | |||
Microchip Technology, Inc. | 1,282 | 183,480 | |||
* | Micron Technology, Inc. | 4,258,919 | 330,406,936 | ||
MKS Instruments, Inc. | 1,502 | 234,973 | |||
* | Nuance Communications, Inc. | 4,368 | 239,803 | ||
* | ON Semiconductor Corp. | 2,363,988 | 92,337,371 | ||
* | Qorvo, Inc. | 523,064 | 99,167,704 | ||
Skyworks Solutions, Inc. | 274,655 | 50,676,594 | |||
SS&C Technologies Holdings, Inc. | 342,788 | 26,871,151 | |||
SYNNEX Corp. | 94,091 | 11,247,638 | |||
TE Connectivity, Ltd. | 987,862 | 145,680,009 | |||
Vontier Corp. | 23,227 | 751,393 | |||
* | Western Digital Corp. | 1,180,996 | 76,682,070 | ||
Xerox Holdings Corp. | 31,592 | 762,315 | |||
TOTAL INFORMATION TECHNOLOGY | 2,785,278,564 | ||||
MATERIALS — (7.6%) | |||||
Air Products & Chemicals, Inc. | 379,320 | 110,393,500 | |||
Albemarle Corp. | 500,961 | 103,218,004 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
MATERIALS — (Continued) | |||||
Amcor P.L.C. | 965,742 | $11,163,977 | |||
* | Arconic Corp. | 223,306 | 8,025,618 | ||
Ball Corp. | 644 | 52,087 | |||
Celanese Corp., Class A | 69,946 | 10,895,488 | |||
CF Industries Holdings, Inc. | 1,280,508 | 60,504,003 | |||
# * | Cleveland-Cliffs, Inc. | 19,366 | 484,150 | ||
Corteva, Inc. | 1,073,383 | 45,919,325 | |||
Dow, Inc. | 2,392,252 | 148,702,384 | |||
DuPont de Nemours, Inc. | 491,071 | 36,854,879 | |||
Eastman Chemical Co. | 1,004,479 | 113,224,873 | |||
Freeport-McMoRan, Inc. | 5,292,912 | 201,659,947 | |||
Huntsman Corp. | 8,221 | 217,117 | |||
International Flavors & Fragrances, Inc. | 429,686 | 64,727,899 | |||
International Paper Co. | 2,105,441 | 121,610,272 | |||
Linde P.L.C. | 733,034 | 225,327,321 | |||
LyondellBasell Industries NV, Class A | 949,148 | 94,278,871 | |||
Martin Marietta Materials, Inc. | 263,399 | 95,692,857 | |||
Mosaic Co. (The) | 660,597 | 20,630,444 | |||
Newmont Corp. | 1,820,613 | 114,370,909 | |||
Nucor Corp. | 2,025,072 | 210,647,989 | |||
Packaging Corp. of America | 114,941 | 16,264,151 | |||
PPG Industries, Inc. | 419 | 68,515 | |||
Reliance Steel & Aluminum Co. | 453,664 | 71,293,298 | |||
Royal Gold, Inc. | 120,793 | 14,678,765 | |||
Sonoco Products Co. | 166,982 | 10,651,782 | |||
Steel Dynamics, Inc. | 1,692,329 | 109,070,604 | |||
Valvoline, Inc. | 1,033,732 | 31,714,898 | |||
Vulcan Materials Co. | 531,601 | 95,682,864 | |||
Westlake Chemical Corp. | 372,164 | 30,859,839 | |||
WestRock Co. | 1,051,256 | 51,732,308 | |||
TOTAL MATERIALS | 2,230,618,938 | ||||
REAL ESTATE — (0.5%) | |||||
* | CBRE Group, Inc., Class A | 864,760 | 83,414,749 | ||
* | Howard Hughes Corp. (The) | 4,513 | 418,400 | ||
* | Jones Lang LaSalle, Inc. | 218,089 | 48,540,069 | ||
TOTAL REAL ESTATE | 132,373,218 | ||||
UTILITIES — (0.2%) | |||||
MDU Resources Group, Inc. | 20,335 | 645,026 | |||
NRG Energy, Inc. | 1,169,432 | 48,227,376 | |||
Vistra Corp. | 1,084,247 | 20,763,330 | |||
TOTAL UTILITIES | 69,635,732 | ||||
TOTAL COMMON STOCKS Cost ($16,403,891,655) | 29,048,013,369 |
TEMPORARY CASH INVESTMENTS — (0.9%) | ||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 273,199,842 | 273,199,842 | ||
SECURITIES LENDING COLLATERAL — (0.5%) | ||||
@ § | The DFA Short Term Investment Fund | 12,248,436 | 141,714,404 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $16,818,800,025)^^ | $29,462,927,615 |
ADR | American Depositary Receipt |
P.L.C. | Public Limited Company |
The U.S. Large Cap Value Series
CONTINUED
† | See Security Valuation Note within the Notes to Schedules of Investments. |
# | Total or Partial Securities on Loan. |
* | Non-Income Producing Securities. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2021, The U.S. Large
Cap Value Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
S&P 500® Emini Index | 942 | 09/17/21 | $203,317,065 | $206,745,450 | $3,428,385 | |||||
Total Futures Contracts | $203,317,065 | $206,745,450 | $3,428,385 |
Summary of the Series' investments
as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Communication Services | $3,152,700,000 | — | — | $3,152,700,000 | |||
Consumer Discretionary | 2,192,858,847 | — | — | 2,192,858,847 | |||
Consumer Staples | 1,629,901,772 | — | — | 1,629,901,772 | |||
Energy | 2,081,754,667 | — | — | 2,081,754,667 | |||
Financials | 6,248,869,435 | — | — | 6,248,869,435 | |||
Health Care | 4,607,293,412 | — | — | 4,607,293,412 | |||
Industrials | 3,916,728,784 | — | — | 3,916,728,784 | |||
Information Technology | 2,785,278,564 | — | — | 2,785,278,564 | |||
Materials | 2,230,618,938 | — | — | 2,230,618,938 | |||
Real Estate | 132,373,218 | — | — | 132,373,218 | |||
Utilities | 69,635,732 | — | — | 69,635,732 | |||
Temporary Cash Investments | 273,199,842 | — | — | 273,199,842 | |||
Securities Lending Collateral | — | $141,714,404 | — | 141,714,404 | |||
Futures Contracts** | 3,428,385 | — | — | 3,428,385 | |||
TOTAL | $29,324,641,596 | $141,714,404 | — | $29,466,356,000 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
The DFA International Value
Series
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value» | ||||
COMMON STOCKS — (96.6%) | |||||
AUSTRALIA — (6.1%) | |||||
# | AMP, Ltd. | 5,674,555 | $4,347,143 | ||
Aurizon Holdings, Ltd. | 3,169,480 | 8,994,681 | |||
Australia & New Zealand Banking Group, Ltd. | 6,888,410 | 140,238,219 | |||
Bank of Queensland, Ltd. | 424,263 | 2,812,139 | |||
Bendigo & Adelaide Bank, Ltd. | 362,208 | 2,749,624 | |||
BlueScope Steel, Ltd. | 3,164,921 | 56,124,556 | |||
Cleanaway Waste Management, Ltd. | 4,838,776 | 9,067,693 | |||
* | Crown Resorts, Ltd. | 161,839 | 1,026,766 | ||
Downer EDI, Ltd. | 334,093 | 1,299,779 | |||
Harvey Norman Holdings, Ltd. | 2,695,782 | 11,258,709 | |||
IGO, Ltd. | 379,319 | 2,588,069 | |||
Incitec Pivot, Ltd. | 6,817,226 | 13,438,481 | |||
Lendlease Corp., Ltd. | 1,673,113 | 15,017,525 | |||
National Australia Bank, Ltd. | 6,475,626 | 123,488,513 | |||
Newcrest Mining, Ltd. | 633,911 | 12,251,942 | |||
Oil Search, Ltd. | 3,372,770 | 9,426,849 | |||
Orica, Ltd. | 95,797 | 873,740 | |||
Origin Energy, Ltd. | 3,515,674 | 10,621,684 | |||
OZ Minerals, Ltd. | 361,078 | 6,121,661 | |||
QBE Insurance Group, Ltd. | 952,190 | 7,630,756 | |||
Qube Holdings, Ltd. | 601,760 | 1,296,731 | |||
Santos, Ltd. | 7,088,455 | 33,449,587 | |||
Seven Group Holdings, Ltd. | 80,291 | 1,377,048 | |||
South32, Ltd. | 14,104,027 | 30,906,031 | |||
Suncorp Group, Ltd. | 3,668,708 | 31,157,819 | |||
Tabcorp Holdings, Ltd. | 4,441,102 | 16,210,497 | |||
# | TPG Telecom, Ltd. | 119,160 | 543,703 | ||
Treasury Wine Estates, Ltd. | 50,844 | 445,989 | |||
Westpac Banking Corp. | 8,060,284 | 144,782,398 | |||
Woodside Petroleum, Ltd. | 2,022,511 | 32,489,538 | |||
Worley, Ltd. | 703,009 | 5,772,689 | |||
TOTAL AUSTRALIA | 737,810,559 | ||||
AUSTRIA — (0.0%) | |||||
Erste Group Bank AG | 20,625 | 799,230 | |||
BELGIUM — (0.8%) | |||||
Ageas SA | 402,474 | 21,252,912 | |||
KBC Group NV | 565,642 | 45,546,997 | |||
Solvay SA | 243,279 | 32,491,490 | |||
TOTAL BELGIUM | 99,291,399 | ||||
CANADA — (8.5%) | |||||
AltaGas, Ltd. | 191,048 | 4,044,227 | |||
# | Bank of Montreal | 180,174 | 17,839,768 | ||
Bank of Montreal | 1,448,818 | 144,447,155 | |||
# | Bank of Nova Scotia (The) | 495,702 | 30,939,656 | ||
Bank of Nova Scotia (The) | 1,698,160 | 106,033,110 | |||
# | Canadian Imperial Bank of Commerce | 907,318 | 105,502,262 | ||
Canadian Imperial Bank of Commerce | 248,491 | 28,884,594 | |||
# | Canadian Natural Resources, Ltd. | 511,528 | 16,880,096 | ||
Canadian Natural Resources, Ltd. | 3,476,035 | 114,778,676 | |||
# | Cenovus Energy, Inc. | 442,256 | 3,690,193 | ||
Cenovus Energy, Inc. | 1,287,778 | 10,740,068 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
CANADA — (Continued) | |||||
Fairfax Financial Holdings, Ltd. | 97,836 | $41,212,513 | |||
First Quantum Minerals, Ltd. | 1,494,285 | 32,003,278 | |||
Great-West Lifeco, Inc. | 351,878 | 10,587,929 | |||
iA Financial Corp., Inc. | 170,895 | 9,454,290 | |||
Imperial Oil, Ltd. | 208,007 | 5,698,685 | |||
# | Imperial Oil, Ltd. | 499,213 | 13,668,452 | ||
Kinross Gold Corp. | 4,622,914 | 30,273,491 | |||
Lundin Mining Corp. | 2,996,201 | 27,305,872 | |||
Magna International, Inc. | 62,649 | 5,251,866 | |||
Manulife Financial Corp. | 1,115,630 | 21,568,608 | |||
Manulife Financial Corp. | 1,882,277 | 36,384,414 | |||
Nutrien, Ltd. | 3,682 | 218,925 | |||
Nutrien, Ltd. | 1,149,002 | 68,250,707 | |||
# | Onex Corp. | 130,248 | 9,928,330 | ||
Pembina Pipeline Corp. | 375,245 | 12,401,847 | |||
Sun Life Financial, Inc. | 57,328 | 2,982,776 | |||
Suncor Energy, Inc. | 1,317,132 | 25,928,802 | |||
Suncor Energy, Inc. | 1,417,268 | 27,820,971 | |||
Teck Resources, Ltd., Class B | 3,183 | 72,661 | |||
Teck Resources, Ltd., Class B | 1,712,436 | 39,112,038 | |||
# * | Tilray, Inc. | 6,942 | 101,423 | ||
Toronto-Dominion Bank (The) | 28,914 | 1,922,424 | |||
Toronto-Dominion Bank (The) | 51,163 | 3,399,781 | |||
# | Tourmaline Oil Corp. | 624,718 | 17,055,062 | ||
West Fraser Timber Co., Ltd. | 111,009 | 7,962,645 | |||
TOTAL CANADA | 1,034,347,595 | ||||
DENMARK — (2.2%) | |||||
AP Moller - Maersk A.S., Class A | 3,530 | 9,437,117 | |||
AP Moller - Maersk A.S., Class B | 4,850 | 13,459,828 | |||
Carlsberg A.S., Class B | 288,439 | 53,299,315 | |||
# | Danske Bank A.S. | 884,653 | 15,504,439 | ||
* | Demant A.S. | 83,588 | 5,108,689 | ||
DSV Panalpina A.S. | 309,306 | 75,397,932 | |||
* | Genmab A.S. | 169 | 76,385 | ||
# | H Lundbeck A.S. | 236,230 | 7,128,413 | ||
Rockwool International A.S., Class B | 19,106 | 10,138,140 | |||
Tryg A.S. | 271,178 | 6,702,100 | |||
# | Vestas Wind Systems A.S. | 1,973,579 | 72,774,814 | ||
TOTAL DENMARK | 269,027,172 | ||||
FINLAND — (1.0%) | |||||
Fortum Oyj | 837,346 | 23,069,108 | |||
* | Nokia Oyj | 4,351,573 | 26,737,541 | ||
Nordea Bank Abp | 3,248,891 | 38,045,840 | |||
Stora Enso Oyj, Class R | 1,249,200 | 24,736,255 | |||
UPM-Kymmene Oyj | 95,814 | 3,915,475 | |||
TOTAL FINLAND | 116,504,219 | ||||
FRANCE — (9.4%) | |||||
Amundi SA | 15,838 | 1,462,693 | |||
Arkema SA | 237,138 | 30,183,972 | |||
Atos SE | 69,278 | 3,313,060 | |||
AXA SA | 1,985,180 | 51,410,254 | |||
BNP Paribas SA | 1,948,140 | 118,795,885 | |||
Bollore SA | 1,717,699 | 9,599,054 | |||
Bouygues SA | 1,023,747 | 39,456,681 | |||
Carrefour SA | 2,495,917 | 46,359,834 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
FRANCE — (Continued) | |||||
Cie de Saint-Gobain | 1,930,172 | $137,965,313 | |||
Cie Generale des Etablissements Michelin SCA | 639,001 | 104,375,896 | |||
CNP Assurances | 573,388 | 9,746,553 | |||
Credit Agricole SA | 1,053,519 | 14,689,756 | |||
Danone SA | 306,176 | 22,520,313 | |||
Eiffage SA | 103,098 | 10,510,289 | |||
Electricite de France SA | 1,705,570 | 20,704,837 | |||
Engie SA | 2,838,450 | 37,851,597 | |||
EssilorLuxottica SA | 66,127 | 12,483,646 | |||
Faurecia SE | 123,502 | 5,512,202 | |||
Faurecia SE | 47,286 | 2,154,519 | |||
# | Iliad SA | 3,398 | 732,286 | ||
Orange SA | 5,978,647 | 66,537,156 | |||
Publicis Groupe SA | 431,125 | 27,217,188 | |||
* | Renault SA | 383,338 | 14,559,421 | ||
Sanofi | 49,814 | 5,134,489 | |||
Societe Generale SA | 1,357,954 | 39,768,633 | |||
TotalEnergies SE | 6,840,726 | 298,301,553 | |||
Valeo | 156,647 | 4,529,576 | |||
Vivendi SE | 36,027 | 1,217,224 | |||
TOTAL FRANCE | 1,137,093,880 | ||||
GERMANY — (6.8%) | |||||
Allianz SE | 559,039 | 138,956,604 | |||
BASF SE | 62,754 | 4,931,110 | |||
Bayer AG | 820,142 | 48,863,234 | |||
Bayerische Motoren Werke AG | 1,003,964 | 99,825,408 | |||
* | Commerzbank AG | 770,401 | 4,961,341 | ||
* | Continental AG | 148,327 | 20,149,494 | ||
Covestro AG | 210,128 | 13,536,695 | |||
Daimler AG | 2,568,275 | 229,191,373 | |||
* | Deutsche Bank AG | 1,938,873 | 24,441,928 | ||
* | Deutsche Bank AG | 1,483,028 | 18,552,680 | ||
Evonik Industries AG | 355,524 | 12,361,608 | |||
Fresenius SE & Co., KGaA | 755,986 | 39,734,595 | |||
Hapag-Lloyd AG | 9,251 | 1,998,568 | |||
HeidelbergCement AG | 448,245 | 39,722,439 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 85,748 | 23,136,864 | |||
RWE AG | 893,950 | 31,784,987 | |||
* | Talanx AG | 162,600 | 6,908,650 | ||
Telefonica Deutschland Holding AG | 3,595,005 | 9,690,538 | |||
Uniper SE | 406,256 | 15,861,432 | |||
United Internet AG | 1,408 | 58,273 | |||
Volkswagen AG | 111,321 | 36,945,895 | |||
TOTAL GERMANY | 821,613,716 | ||||
HONG KONG — (2.1%) | |||||
BOC Aviation, Ltd. | 647,400 | 4,760,115 | |||
BOC Hong Kong Holdings, Ltd. | 4,670,500 | 14,998,290 | |||
# * | Cathay Pacific Airways, Ltd. | 8,153,999 | 6,542,747 | ||
CK Asset Holdings, Ltd. | 1,887,303 | 12,840,634 | |||
CK Hutchison Holdings, Ltd. | 7,657,984 | 55,951,534 | |||
CK Infrastructure Holdings, Ltd. | 443,000 | 2,674,339 | |||
Hang Lung Properties, Ltd. | 5,009,000 | 12,965,237 | |||
Henderson Land Development Co., Ltd. | 2,280,485 | 10,188,974 | |||
# | HKT Trust & HKT, Ltd. | 1,836,000 | 2,495,635 | ||
MTR Corp., Ltd. | 2,070,933 | 12,277,836 | |||
New World Development Co., Ltd. | 4,946,042 | 23,447,997 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
HONG KONG — (Continued) | |||||
# | Orient Overseas International, Ltd. | 36,000 | $658,141 | ||
Sino Land Co., Ltd. | 9,343,922 | 14,318,323 | |||
* | SJM Holdings, Ltd. | 3,969,000 | 3,579,716 | ||
Sun Hung Kai Properties, Ltd. | 3,296,420 | 47,156,480 | |||
Swire Pacific, Ltd., Class A | 1,680,000 | 10,435,874 | |||
Swire Pacific, Ltd., Class B | 2,855,000 | 2,916,284 | |||
WH Group, Ltd. | 22,501,000 | 18,643,585 | |||
TOTAL HONG KONG | 256,851,741 | ||||
IRELAND — (0.4%) | |||||
CRH P.L.C. | 293,793 | 14,683,497 | |||
CRH P.L.C., Sponsored ADR | 528,926 | 26,388,118 | |||
# * | Flutter Entertainment P.L.C. | 4,543 | 774,463 | ||
* | Flutter Entertainment P.L.C. | 35,418 | 6,048,698 | ||
TOTAL IRELAND | 47,894,776 | ||||
ISRAEL — (0.4%) | |||||
# * | Bank Hapoalim BM | 1,314,285 | 10,458,982 | ||
* | Bank Leumi Le-Israel BM | 1,358,909 | 10,383,677 | ||
Harel Insurance Investments & Financial Services, Ltd. | 33,318 | 316,111 | |||
* | Israel Discount Bank, Ltd., Class A | 2,648,223 | 12,405,604 | ||
# | Phoenix Holdings, Ltd. (The) | 246,756 | 2,358,091 | ||
* | Teva Pharmaceutical Industries, Ltd., Sponsored ADR | 796,262 | 7,683,928 | ||
TOTAL ISRAEL | 43,606,393 | ||||
ITALY — (1.5%) | |||||
# | Eni SpA | 3,886,295 | 45,957,816 | ||
Intesa Sanpaolo SpA | 21,991,838 | 60,753,466 | |||
* | Mediobanca Banca di Credito Finanziario SpA | 164,012 | 1,919,665 | ||
Telecom Italia SpA | 63,812,045 | 27,944,003 | |||
Telecom Italia SpA | 6,225,918 | 2,902,698 | |||
Telecom Italia SpA, Sponsored ADR | 1,771,402 | 7,723,313 | |||
# | UniCredit SpA | 3,293,998 | 39,400,706 | ||
UnipolSai Assicurazioni SpA | 86,004 | 238,773 | |||
TOTAL ITALY | 186,840,440 | ||||
JAPAN — (22.0%) | |||||
AEON Financial Service Co., Ltd. | 15,000 | 184,799 | |||
AGC, Inc. | 895,500 | 38,294,384 | |||
Air Water, Inc. | 14,300 | 213,773 | |||
Aisin Corp. | 609,000 | 24,654,699 | |||
Alfresa Holdings Corp. | 176,100 | 2,681,981 | |||
Alps Alpine Co., Ltd. | 352,800 | 3,672,258 | |||
Amada Co., Ltd. | 907,100 | 9,323,292 | |||
Aozora Bank, Ltd. | 253,300 | 5,701,266 | |||
Asahi Kasei Corp. | 1,769,400 | 19,295,160 | |||
# | Bank of Kyoto, Ltd. (The) | 113,679 | 4,895,513 | ||
Bridgestone Corp. | 431,700 | 19,018,483 | |||
Brother Industries, Ltd. | 202,400 | 4,119,027 | |||
Canon Marketing Japan, Inc. | 153,000 | 3,427,080 | |||
Canon, Inc. | 525,000 | 12,089,731 | |||
Chiba Bank, Ltd. (The) | 1,064,000 | 6,052,755 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 331,157 | 5,404,216 | |||
Concordia Financial Group, Ltd. | 2,530,101 | 9,057,221 | |||
Credit Saison Co., Ltd. | 393,600 | 4,694,914 | |||
Dai Nippon Printing Co., Ltd. | 521,600 | 12,291,677 | |||
Daicel Corp. | 1,087,400 | 9,031,018 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
Daido Steel Co., Ltd. | 11,400 | $538,164 | |||
Dai-ichi Life Holdings, Inc. | 1,076,847 | 19,819,408 | |||
Daio Paper Corp. | 39,000 | 672,235 | |||
Daiwa House Industry Co., Ltd. | 338,100 | 10,366,216 | |||
Daiwa Securities Group, Inc. | 3,735,400 | 19,642,016 | |||
DeNA Co., Ltd. | 139,700 | 2,630,540 | |||
Denka Co., Ltd. | 234,800 | 8,125,965 | |||
Dentsu Group, Inc. | 391,100 | 13,592,279 | |||
DIC Corp. | 361,500 | 9,769,180 | |||
Dowa Holdings Co., Ltd. | 189,000 | 7,344,279 | |||
Ebara Corp. | 278,900 | 13,795,790 | |||
ENEOS Holdings, Inc. | 4,584,303 | 19,256,794 | |||
Fuji Media Holdings, Inc. | 52,200 | 566,313 | |||
FUJIFILM Holdings Corp. | 32,000 | 2,296,410 | |||
Fukuoka Financial Group, Inc. | 386,600 | 6,516,187 | |||
Fukuyama Transporting Co., Ltd. | 50,893 | 1,910,998 | |||
Hankyu Hanshin Holdings, Inc. | 584,100 | 17,272,278 | |||
Haseko Corp. | 441,400 | 5,973,151 | |||
Hino Motors, Ltd. | 185,100 | 1,622,714 | |||
Hitachi Construction Machinery Co., Ltd. | 9,200 | 259,950 | |||
Hitachi, Ltd. | 997,700 | 57,386,886 | |||
Honda Motor Co., Ltd. | 3,522,000 | 113,119,121 | |||
Idemitsu Kosan Co., Ltd. | 523,138 | 12,314,594 | |||
* | IHI Corp. | 236,700 | 5,474,876 | ||
Iida Group Holdings Co., Ltd. | 674,550 | 16,277,361 | |||
Inpex Corp. | 2,704,683 | 19,183,123 | |||
Isetan Mitsukoshi Holdings, Ltd. | 549,300 | 3,719,577 | |||
Isuzu Motors, Ltd. | 1,169,200 | 15,596,757 | |||
# | ITOCHU Corp. | 745,900 | 22,078,068 | ||
Izumi Co., Ltd. | 3,900 | 133,495 | |||
J Front Retailing Co., Ltd. | 712,300 | 6,002,258 | |||
Japan Post Holdings Co., Ltd. | 1,170,410 | 9,934,951 | |||
Japan Post Insurance Co., Ltd. | 83,500 | 1,480,333 | |||
JFE Holdings, Inc. | 1,257,295 | 15,288,391 | |||
JGC Holdings Corp. | 257,700 | 2,319,989 | |||
JTEKT Corp. | 572,800 | 5,442,223 | |||
Kajima Corp. | 660,500 | 8,502,477 | |||
Kamigumi Co., Ltd. | 342,200 | 7,221,363 | |||
Kaneka Corp. | 244,908 | 9,697,691 | |||
* | Kawasaki Heavy Industries, Ltd. | 677,300 | 14,215,932 | ||
Kinden Corp. | 222,800 | 3,612,980 | |||
Kokuyo Co., Ltd. | 20,200 | 327,763 | |||
Komatsu, Ltd. | 567,800 | 14,228,515 | |||
Konica Minolta, Inc. | 5,300 | 27,255 | |||
K's Holdings Corp. | 403,300 | 4,764,859 | |||
Kuraray Co., Ltd. | 1,529,300 | 14,200,441 | |||
Kyocera Corp. | 179,600 | 11,097,820 | |||
Lixil Corp. | 961,800 | 26,247,592 | |||
Mabuchi Motor Co., Ltd. | 73,100 | 2,749,172 | |||
Marubeni Corp. | 2,948,900 | 25,099,297 | |||
Maruichi Steel Tube, Ltd. | 15,500 | 373,922 | |||
* | Mazda Motor Corp. | 1,020,400 | 10,066,146 | ||
Mebuki Financial Group, Inc. | 1,258,420 | 2,693,282 | |||
Medipal Holdings Corp. | 329,250 | 6,200,831 | |||
Mitsubishi Chemical Holdings Corp. | 3,181,900 | 26,699,017 | |||
Mitsubishi Corp. | 1,817,600 | 50,981,431 | |||
Mitsubishi Electric Corp. | 689,000 | 9,347,828 | |||
Mitsubishi Gas Chemical Co., Inc. | 727,100 | 15,146,140 | |||
Mitsubishi HC Capital, Inc. | 2,653,300 | 14,471,960 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
Mitsubishi Heavy Industries, Ltd. | 724,500 | $20,933,137 | |||
Mitsubishi Logistics Corp. | 89,600 | 2,661,879 | |||
Mitsubishi Materials Corp. | 518,200 | 10,811,598 | |||
* | Mitsubishi Motors Corp. | 1,740,000 | 4,888,921 | ||
# | Mitsubishi UFJ Financial Group, Inc., Sponsored ADR | 2,767,349 | 14,694,623 | ||
Mitsubishi UFJ Financial Group, Inc. | 11,934,650 | 63,046,902 | |||
Mitsui & Co., Ltd., Sponsored ADR | 11,723 | 5,393,049 | |||
Mitsui & Co., Ltd. | 1,334,700 | 30,634,577 | |||
Mitsui Chemicals, Inc. | 823,660 | 26,265,619 | |||
Mitsui Fudosan Co., Ltd. | 940,400 | 21,993,376 | |||
Mitsui OSK Lines, Ltd. | 546,400 | 28,351,416 | |||
Mizuho Financial Group, Inc. | 2,437,380 | 34,829,208 | |||
MS&AD Insurance Group Holdings, Inc. | 445,453 | 13,769,419 | |||
Nagase & Co., Ltd. | 21,700 | 332,108 | |||
NEC Corp. | 404,210 | 20,500,332 | |||
NGK Insulators, Ltd. | 130,100 | 2,083,533 | |||
NGK Spark Plug Co., Ltd. | 270,400 | 3,982,227 | |||
NH Foods, Ltd. | 314,767 | 12,695,849 | |||
Nikon Corp. | 695,200 | 6,471,860 | |||
Nippo Corp. | 285,900 | 7,942,016 | |||
Nippon Express Co., Ltd. | 308,324 | 22,522,971 | |||
Nippon Shokubai Co., Ltd. | 95,000 | 4,569,565 | |||
Nippon Steel Corp. | 1,207,593 | 20,948,475 | |||
Nippon Yusen K.K. | 640,587 | 34,612,199 | |||
Nipro Corp. | 136,100 | 1,690,457 | |||
* | Nissan Motor Co., Ltd. | 4,749,500 | 27,565,325 | ||
Nisshin Seifun Group, Inc. | 10,800 | 174,124 | |||
Nitto Denko Corp. | 19,300 | 1,433,960 | |||
NOK Corp. | 258,720 | 3,422,249 | |||
Nomura Holdings, Inc. | 4,705,602 | 23,563,688 | |||
Nomura Real Estate Holdings, Inc. | 521,500 | 12,931,346 | |||
NSK, Ltd. | 1,027,500 | 8,479,815 | |||
Obayashi Corp. | 2,342,282 | 19,153,432 | |||
Oji Holdings Corp. | 3,568,100 | 20,571,819 | |||
ORIX Corp. | 3,324,900 | 58,170,445 | |||
Otsuka Holdings Co., Ltd. | 12,500 | 496,863 | |||
Panasonic Corp. | 1,927,800 | 23,278,306 | |||
Rengo Co., Ltd. | 899,500 | 7,657,848 | |||
Resona Holdings, Inc. | 2,821,139 | 10,592,470 | |||
Ricoh Co., Ltd. | 2,366,400 | 25,857,287 | |||
Sega Sammy Holdings, Inc. | 52,200 | 658,418 | |||
* | Seibu Holdings, Inc. | 105,700 | 1,192,669 | ||
Seiko Epson Corp. | 524,700 | 9,027,944 | |||
Seino Holdings Co., Ltd. | 481,500 | 6,128,314 | |||
Sekisui Chemical Co., Ltd. | 40,900 | 705,748 | |||
# | Sekisui House, Ltd. | 1,200,200 | 23,770,544 | ||
Seven & I Holdings Co., Ltd. | 757,600 | 33,804,413 | |||
Shimamura Co., Ltd. | 61,300 | 5,925,608 | |||
Shimizu Corp. | 995,300 | 7,329,930 | |||
Shinsei Bank, Ltd. | 313,400 | 4,145,134 | |||
Shizuoka Bank, Ltd. (The) | 851,000 | 6,145,633 | |||
Showa Denko K.K. | 234,100 | 6,717,212 | |||
SoftBank Group Corp. | 419,480 | 26,379,264 | |||
Sojitz Corp. | 3,331,700 | 10,192,621 | |||
Sompo Holdings, Inc. | 473,756 | 19,586,052 | |||
Stanley Electric Co., Ltd. | 18,900 | 493,157 | |||
Subaru Corp. | 379,484 | 7,455,709 | |||
Sumitomo Chemical Co., Ltd. | 8,266,400 | 43,030,872 | |||
Sumitomo Corp. | 1,126,600 | 15,310,388 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
Sumitomo Dainippon Pharma Co., Ltd. | 110,031 | $1,905,217 | |||
Sumitomo Electric Industries, Ltd. | 2,834,000 | 40,261,829 | |||
Sumitomo Forestry Co., Ltd. | 598,600 | 11,325,004 | |||
Sumitomo Heavy Industries, Ltd. | 524,600 | 14,530,231 | |||
Sumitomo Metal Mining Co., Ltd. | 378,664 | 15,346,253 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,318,900 | 44,458,875 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 464,844 | 15,258,888 | |||
Sumitomo Realty & Development Co., Ltd. | 200,500 | 6,534,939 | |||
Sumitomo Rubber Industries, Ltd. | 770,500 | 10,370,261 | |||
Suzuken Co., Ltd. | 74,900 | 2,161,447 | |||
Suzuki Motor Corp. | 167,400 | 6,810,752 | |||
T&D Holdings, Inc. | 1,378,500 | 17,637,561 | |||
Taiheiyo Cement Corp. | 528,721 | 12,318,494 | |||
Taisei Corp. | 100,500 | 3,386,987 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 31,100 | 1,741,694 | |||
Takeda Pharmaceutical Co., Ltd. | 2,595,871 | 86,407,499 | |||
TBS Holdings, Inc. | 70,800 | 1,065,550 | |||
TDK Corp. | 14,400 | 1,643,040 | |||
Teijin, Ltd. | 855,090 | 12,875,067 | |||
Toda Corp. | 717,800 | 5,116,211 | |||
Tokio Marine Holdings, Inc. | 315,319 | 15,028,439 | |||
Tokyo Tatemono Co., Ltd. | 870,300 | 13,093,565 | |||
Tokyu Fudosan Holdings Corp. | 2,556,700 | 14,433,460 | |||
Toppan, Inc. | 656,900 | 11,143,040 | |||
Toray Industries, Inc. | 2,709,300 | 17,838,531 | |||
Tosoh Corp. | 1,241,700 | 21,790,670 | |||
Toyo Seikan Group Holdings, Ltd. | 416,349 | 5,664,959 | |||
Toyo Tire Corp. | 24,100 | 455,056 | |||
Toyoda Gosei Co., Ltd. | 265,400 | 6,238,414 | |||
Toyota Boshoku Corp. | 4,100 | 82,712 | |||
Toyota Industries Corp. | 235,800 | 19,780,094 | |||
# | Toyota Motor Corp., Sponsored ADR | 97,607 | 17,553,643 | ||
Toyota Motor Corp. | 3,415,890 | 306,663,149 | |||
Toyota Tsusho Corp. | 524,100 | 24,745,309 | |||
TS Tech Co., Ltd. | 23,400 | 348,129 | |||
Tsumura & Co. | 24,700 | 779,136 | |||
Ube Industries, Ltd. | 504,100 | 10,124,599 | |||
Yamada Holdings Co., Ltd. | 1,918,800 | 9,065,273 | |||
Yamaha Motor Co., Ltd. | 698,000 | 17,478,400 | |||
Yamazaki Baking Co., Ltd. | 39,100 | 536,843 | |||
Yokohama Rubber Co., Ltd. (The) | 563,500 | 11,252,219 | |||
Zeon Corp. | 404,300 | 5,524,059 | |||
TOTAL JAPAN | 2,668,549,252 | ||||
NETHERLANDS — (5.4%) | |||||
# * | ABN AMRO Bank NV | 838,120 | 9,769,644 | ||
# | Aegon NV | 2,409,493 | 10,258,655 | ||
Aegon NV | 397,466 | 1,673,332 | |||
Akzo Nobel NV | 183,643 | 22,684,868 | |||
ArcelorMittal SA | 652,213 | 22,778,802 | |||
ArcelorMittal SA | 590,702 | 20,816,342 | |||
ASM International NV | 6,676 | 2,369,379 | |||
Coca-Cola European Partners P.L.C. | 59,602 | 3,687,119 | |||
# | Heineken NV | 231,450 | 26,952,751 | ||
ING Groep NV | 4,722,058 | 60,587,274 | |||
Koninklijke Ahold Delhaize NV | 4,840,597 | 150,469,171 | |||
# | Koninklijke DSM NV | 478,660 | 96,488,917 | ||
# | Koninklijke Philips NV | 991,539 | 45,719,304 | ||
Koninklijke Philips NV | 33,024 | 1,520,423 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
NETHERLANDS — (Continued) | |||||
# | NN Group NV | 661,297 | $32,877,280 | ||
Randstad NV | 272,591 | 19,776,636 | |||
Signify NV | 9,094 | 509,435 | |||
Stellantis NV | 3,939,898 | 75,650,883 | |||
Stellantis NV | 2,651,115 | 50,839,141 | |||
TOTAL NETHERLANDS | 655,429,356 | ||||
NEW ZEALAND — (0.2%) | |||||
* | Auckland International Airport, Ltd. | 1,979,607 | 9,987,810 | ||
Chorus, Ltd. | 289,771 | 1,243,820 | |||
EBOS Group, Ltd. | 201,357 | 4,355,670 | |||
Fletcher Building, Ltd. | 1,466,314 | 7,807,688 | |||
# | Fonterra Co-operative Group, Ltd. | 293,628 | 765,002 | ||
Ryman Healthcare, Ltd. | 148,330 | 1,362,399 | |||
Summerset Group Holdings, Ltd. | 131,555 | 1,183,477 | |||
TOTAL NEW ZEALAND | 26,705,866 | ||||
NORWAY — (0.9%) | |||||
Austevoll Seafood ASA | 161,536 | 2,036,527 | |||
DNB Bank ASA | 1,885,402 | 38,606,288 | |||
Equinor ASA | 902,881 | 17,587,387 | |||
Norsk Hydro ASA | 3,579,188 | 23,812,313 | |||
SpareBank 1 SR-Bank ASA | 369,350 | 4,835,073 | |||
Storebrand ASA | 1,260,839 | 10,825,615 | |||
Subsea 7 SA | 453,890 | 3,633,907 | |||
Yara International ASA | 228,157 | 12,025,363 | |||
TOTAL NORWAY | 113,362,473 | ||||
PORTUGAL — (0.1%) | |||||
Banco Espirito Santo SA | 2,631,973 | 0 | |||
EDP Renovaveis SA | 313,191 | 7,354,199 | |||
Galp Energia SGPS SA | 154,856 | 1,510,112 | |||
TOTAL PORTUGAL | 8,864,311 | ||||
SINGAPORE — (0.8%) | |||||
CapitaLand, Ltd. | 6,957,200 | 20,669,603 | |||
City Developments, Ltd. | 1,599,900 | 8,070,696 | |||
Frasers Property, Ltd. | 492,700 | 410,933 | |||
Hongkong Land Holdings, Ltd. | 1,361,700 | 6,178,000 | |||
Jardine Cycle & Carriage, Ltd. | 45,600 | 689,874 | |||
Keppel Corp., Ltd. | 6,501,200 | 26,282,961 | |||
# | Olam International, Ltd. | 565,110 | 549,428 | ||
* | Singapore Airlines, Ltd. | 4,224,700 | 15,838,461 | ||
Singapore Land Group, Ltd. | 1,068,870 | 2,125,334 | |||
UOL Group, Ltd. | 1,203,774 | 6,469,769 | |||
Yangzijiang Shipbuilding Holdings, Ltd. | 4,220,900 | 4,271,244 | |||
TOTAL SINGAPORE | 91,556,303 | ||||
SOUTH AFRICA — (0.0%) | |||||
* | Thungela Resources, Ltd. | 21,628 | 67,012 | ||
SPAIN — (2.1%) | |||||
Banco Bilbao Vizcaya Argentaria SA | 9,752,876 | 62,432,820 | |||
# | Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR | 1,180,341 | 7,518,772 | ||
Banco Santander SA | 45,327,305 | 166,040,835 | |||
CaixaBank SA | 724,209 | 2,150,834 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
SPAIN — (Continued) | |||||
# | Repsol SA | 2,062,777 | $22,593,411 | ||
TOTAL SPAIN | 260,736,672 | ||||
SWEDEN — (2.8%) | |||||
BillerudKorsnas AB | 504,958 | 10,923,396 | |||
Boliden AB | 1,195,043 | 46,573,171 | |||
Bure Equity AB | 13,573 | 732,285 | |||
Dometic Group AB | 380,509 | 6,458,521 | |||
Getinge AB, Class B | 567,120 | 24,645,352 | |||
Holmen AB, Class A | 5,562 | 299,139 | |||
Holmen AB, Class B | 197,104 | 10,375,974 | |||
Husqvarna AB, Class B | 170,464 | 2,385,410 | |||
ICA Gruppen AB | 165,222 | 8,167,764 | |||
Intrum AB | 24,003 | 743,737 | |||
* | Millicom International Cellular SA | 137,201 | 5,475,204 | ||
* | Pandox AB, Class B | 75,798 | 1,268,300 | ||
Peab AB, Class B | 301,642 | 3,517,609 | |||
Saab AB, Class B | 77,854 | 2,362,309 | |||
Securitas AB, Class B | 9,178 | 161,840 | |||
Skandinaviska Enskilda Banken AB, Class A | 2,605,519 | 35,239,487 | |||
Skandinaviska Enskilda Banken AB, Class C | 14,462 | 195,804 | |||
Skanska AB, Class B | 110,338 | 3,114,804 | |||
SKF AB, Class B | 1,179,544 | 31,383,716 | |||
* | SSAB AB, Class A | 195,445 | 1,116,141 | ||
* | SSAB AB, Class B | 528,415 | 2,701,171 | ||
Svenska Cellulosa AB SCA, Class A | 52,363 | 986,517 | |||
Svenska Cellulosa AB SCA, Class B | 603,970 | 11,233,926 | |||
Svenska Handelsbanken AB, Class A | 1,224,329 | 13,797,335 | |||
# | Svenska Handelsbanken AB, Class B | 37,204 | 447,049 | ||
Swedbank AB, Class A | 798,149 | 15,542,849 | |||
Tele2 AB, Class B | 216,271 | 3,176,807 | |||
Telia Co. AB | 7,190,873 | 31,541,378 | |||
Trelleborg AB, Class B | 645,792 | 15,963,731 | |||
# | Volvo AB, Class A | 179,649 | 4,368,059 | ||
Volvo AB, Class B | 2,155,006 | 50,818,830 | |||
TOTAL SWEDEN | 345,717,615 | ||||
SWITZERLAND — (8.8%) | |||||
ABB, Ltd. | 1,847,677 | 67,548,026 | |||
Adecco Group AG | 399,943 | 23,951,045 | |||
Alcon, Inc. | 63,250 | 4,604,629 | |||
Alcon, Inc. | 498,598 | 36,297,419 | |||
Baloise Holding AG | 105,344 | 16,609,641 | |||
Barry Callebaut AG | 484 | 1,226,965 | |||
Chocoladefabriken Lindt & Spruengli AG | 3 | 347,513 | |||
Cie Financiere Richemont SA | 797,506 | 102,056,194 | |||
# | Clariant AG | 157,372 | 3,273,887 | ||
Credit Suisse Group AG | 1,363,427 | 13,687,850 | |||
Credit Suisse Group AG, Sponsored ADR | 1,195,011 | 12,009,861 | |||
Holcim, Ltd. | 997,555 | 58,477,816 | |||
Holcim, Ltd. | 375,078 | 21,940,561 | |||
Julius Baer Group, Ltd. | 716,015 | 47,258,391 | |||
Novartis AG, Sponsored ADR | 741,777 | 68,532,777 | |||
Novartis AG | 1,706,093 | 157,776,721 | |||
SIG Combibloc Group AG | 14,655 | 432,407 | |||
Swatch Group AG (The) | 47,812 | 15,949,263 | |||
Swatch Group AG (The) | 123,912 | 8,047,308 | |||
Swiss Life Holding AG | 69,548 | 35,873,053 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
SWITZERLAND — (Continued) | |||||
Swiss Prime Site AG | 120,516 | $12,832,889 | |||
Swiss Re AG | 399,672 | 36,234,467 | |||
Swisscom AG | 76,438 | 45,939,368 | |||
UBS Group AG | 6,275,625 | 103,395,787 | |||
# * | UBS Group AG | 1,233,581 | 20,329,415 | ||
Vifor Pharma AG | 55,433 | 7,752,403 | |||
Zurich Insurance Group AG | 349,733 | 141,003,503 | |||
TOTAL SWITZERLAND | 1,063,389,159 | ||||
UNITED KINGDOM — (14.3%) | |||||
Aberdeen P.L.C. | 490,582 | 1,935,313 | |||
Anglo American P.L.C. | 1,906,051 | 84,464,672 | |||
Aviva P.L.C. | 16,319,347 | 87,645,308 | |||
# | Barclays P.L.C., Sponsored ADR | 7,035,082 | 68,873,453 | ||
Barclays P.L.C. | 191,609 | 463,517 | |||
Barratt Developments P.L.C. | 968,048 | 9,460,405 | |||
BP P.L.C., Sponsored ADR | 5,912,515 | 142,964,613 | |||
BP P.L.C. | 7,076,747 | 28,406,240 | |||
British American Tobacco P.L.C., Sponsored ADR | 838,885 | 31,416,243 | |||
British American Tobacco P.L.C. | 3,024,009 | 112,470,126 | |||
* | BT Group P.L.C. | 23,587,515 | 56,816,081 | ||
* | Carnival P.L.C. | 102,449 | 2,027,853 | ||
* | Carnival P.L.C., ADR | 20,467 | 407,703 | ||
DS Smith P.L.C. | 1,251,490 | 7,351,738 | |||
Glencore P.L.C. | 24,824,954 | 111,492,587 | |||
HSBC Holdings P.L.C. | 13,535,003 | 74,715,841 | |||
HSBC Holdings P.L.C., Sponsored ADR | 2,483,736 | 68,476,601 | |||
J Sainsbury P.L.C. | 7,868,098 | 30,983,217 | |||
Kingfisher P.L.C. | 7,975,671 | 40,966,453 | |||
Lloyds Banking Group P.L.C. | 172,303,068 | 108,941,531 | |||
Lloyds Banking Group P.L.C., ADR | 1,844,768 | 4,593,472 | |||
M&G P.L.C. | 2,396,918 | 7,505,330 | |||
Melrose Industries P.L.C. | 4,863,312 | 10,807,597 | |||
Natwest Group P.L.C. | 5,175,515 | 14,526,202 | |||
# | Natwest Group P.L.C., Sponsored ADR | 863,861 | 4,828,983 | ||
Pearson P.L.C. | 309,149 | 3,725,390 | |||
# | Pearson P.L.C., Sponsored ADR | 1,015,920 | 12,353,587 | ||
Phoenix Group Holdings P.L.C. | 577,549 | 5,442,726 | |||
Royal Dutch Shell P.L.C., Sponsored ADR, Class B | 8,519,230 | 336,935,547 | |||
Royal Dutch Shell P.L.C., Class B | 283,225 | 5,596,291 | |||
Royal Mail P.L.C. | 614,717 | 4,306,936 | |||
Standard Chartered P.L.C. | 4,078,355 | 24,448,945 | |||
Vodafone Group P.L.C. | 58,351,986 | 93,827,171 | |||
# | Vodafone Group P.L.C., Sponsored ADR | 4,011,201 | 65,502,917 | ||
Wm Morrison Supermarkets P.L.C. | 9,034,593 | 33,577,752 | |||
# | WPP P.L.C., Sponsored ADR | 121,700 | 7,873,990 | ||
WPP P.L.C. | 2,296,513 | 29,700,874 | |||
TOTAL UNITED KINGDOM | 1,735,833,205 | ||||
UNITED STATES — (0.0%) | |||||
Ovintiv, Inc. | 228,567 | 5,875,396 | |||
TOTAL COMMON STOCKS | 11,727,767,740 | ||||
PREFERRED STOCKS — (1.6%) | |||||
GERMANY — (1.6%) | |||||
Bayerische Motoren Werke AG | 152,008 | 13,047,449 | |||
Porsche Automobil Holding SE | 307,547 | 33,286,165 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
GERMANY — (Continued) | |||||
Volkswagen AG | 601,156 | $146,423,850 | |||
TOTAL GERMANY | 192,757,464 | ||||
RIGHTS/WARRANTS — (0.0%) | |||||
CANADA — (0.0%) | |||||
* | Cenovus Energy, Inc. Warrants 01/01/26 | 36,699 | 176,494 | ||
TOTAL INVESTMENT SECURITIES (Cost $10,235,062,858) | 11,920,701,698 |
Value† | ||||
SECURITIES LENDING COLLATERAL — (1.8%) | ||||
@ § | The DFA Short Term Investment Fund | 18,422,675 | 213,150,353 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $10,448,127,615)^^ | $12,133,852,051 |
ADR | American Depositary Receipt |
P.L.C. | Public Limited Company |
SA | Special Assessment |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
# | Total or Partial Securities on Loan. |
* | Non-Income Producing Securities. |
† | See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2021, The DFA
International Value Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
S&P 500® Emini Index | 490 | 09/17/21 | $106,718,546 | $107,542,750 | $824,204 | |||||
Total Futures Contracts | $106,718,546 | $107,542,750 | $824,204 |
Summary of the Series' investments
as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Australia | — | $737,810,559 | — | $737,810,559 | |||
Austria | — | 799,230 | — | 799,230 | |||
Belgium | — | 99,291,399 | — | 99,291,399 | |||
Canada | $1,034,347,595 | — | — | 1,034,347,595 | |||
Denmark | — | 269,027,172 | — | 269,027,172 | |||
Finland | — | 116,504,219 | — | 116,504,219 | |||
France | — | 1,137,093,880 | — | 1,137,093,880 | |||
Germany | 18,552,680 | 803,061,036 | — | 821,613,716 | |||
Hong Kong | — | 256,851,741 | — | 256,851,741 | |||
Ireland | 26,388,118 | 21,506,658 | — | 47,894,776 | |||
Israel | 7,683,928 | 35,922,465 | — | 43,606,393 | |||
Italy | 7,723,313 | 179,117,127 | — | 186,840,440 |
The DFA International Value Series
CONTINUED
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Japan | $37,641,315 | $2,630,907,937 | — | $2,668,549,252 | |||
Netherlands | 24,010,097 | 631,419,259 | — | 655,429,356 | |||
New Zealand | — | 26,705,866 | — | 26,705,866 | |||
Norway | — | 113,362,473 | — | 113,362,473 | |||
Portugal | — | 8,864,311 | — | 8,864,311 | |||
Singapore | — | 91,556,303 | — | 91,556,303 | |||
South Africa | 67,012 | — | — | 67,012 | |||
Spain | 7,518,772 | 253,217,900 | — | 260,736,672 | |||
Sweden | — | 345,717,615 | — | 345,717,615 | |||
Switzerland | 105,476,682 | 957,912,477 | — | 1,063,389,159 | |||
United Kingdom | 744,227,109 | 991,606,096 | — | 1,735,833,205 | |||
United States | 5,875,396 | — | — | 5,875,396 | |||
Preferred Stocks | |||||||
Germany | — | 192,757,464 | — | 192,757,464 | |||
Rights/Warrants | |||||||
Canada | — | 176,494 | — | 176,494 | |||
Securities Lending Collateral | — | 213,150,353 | — | 213,150,353 | |||
Futures Contracts** | 824,204 | — | — | 824,204 | |||
TOTAL | $2,020,336,221 | $10,114,340,034 | — | $12,134,676,255 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
The Emerging Markets Series
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Face Amount | Value† | ||||
(000) | |||||
BONDS — (0.0%) | |||||
INDIA — (0.0%) | |||||
Britannia Industries, Ltd. | |||||
5.500%, 06/03/24 | INR | 1,349 | $18,191 |
Shares | Value» | ||||
COMMON STOCKS — (98.0%) | |||||
BELGIUM — (0.0%) | |||||
Titan Cement International SA | 48,244 | 905,732 | |||
BRAZIL — (4.0%) | |||||
Ambev SA, ADR | 2,170,950 | 6,881,911 | |||
* | Americanas SA | 199,018 | 1,876,216 | ||
Atacadao SA | 365,264 | 1,331,803 | |||
B3 SA - Brasil Bolsa Balcao | 2,833,971 | 8,298,000 | |||
Banco Bradesco SA | 603,046 | 2,390,995 | |||
Banco BTG Pactual SA | 541,804 | 3,043,860 | |||
Banco do Brasil SA | 526,950 | 3,200,197 | |||
Banco Inter SA | 27,244 | 123,345 | |||
Banco Santander Brasil SA | 165,291 | 1,286,593 | |||
BB Seguridade Participacoes SA | 478,843 | 1,964,743 | |||
* | Braskem SA, Sponsored ADR | 67,098 | 1,488,234 | ||
* | BRF SA | 574,623 | 2,826,639 | ||
CCR SA | 1,975,317 | 4,930,470 | |||
Centrais Eletricas Brasileiras SA | 107,077 | 827,504 | |||
Cia Brasileira de Distribuicao | 285,040 | 1,698,227 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 288,020 | 1,960,964 | |||
Cia de Saneamento Basico do Estado de Sao Paulo, ADR | 40,965 | 278,152 | |||
Cia Energetica de Minas Gerais | 142,825 | 403,116 | |||
Cia Paranaense de Energia, Sponsored ADR | 17,400 | 99,180 | |||
Cia Paranaense de Energia | 39,800 | 233,837 | |||
Cia Siderurgica Nacional SA, Sponsored ADR | 525,351 | 4,675,624 | |||
Cia Siderurgica Nacional SA | 201,965 | 1,812,867 | |||
Cosan SA | 249,496 | 1,223,947 | |||
CPFL Energia SA | 121,800 | 592,133 | |||
Energisa SA | 228,135 | 1,872,562 | |||
* | Eneva SA | 131,000 | 414,008 | ||
Engie Brasil Energia SA | 124,176 | 904,334 | |||
Equatorial Energia SA | 1,091,321 | 5,070,795 | |||
Gerdau SA, Sponsored ADR | 101,188 | 600,045 | |||
Hapvida Participacoes e Investimentos SA | 467,407 | 1,277,051 | |||
Hypera SA | 320,563 | 2,194,225 | |||
Itau Unibanco Holding SA | 171,303 | 903,508 | |||
JBS SA | 1,846,003 | 11,359,746 | |||
* | Klabin SA | 1,184,590 | 5,563,303 | ||
Localiza Rent a Car SA | 411,114 | 4,905,820 | |||
Lojas Americanas SA | 153,211 | 194,152 | |||
Lojas Renner SA | 822,247 | 6,520,194 | |||
Magazine Luiza SA | 1,132,402 | 4,478,948 | |||
* | Natura & Co. Holding SA | 519,291 | 5,359,169 | ||
Notre Dame Intermedica Participacoes SA | 215,992 | 3,317,690 | |||
Petrobras Distribuidora SA | 659,755 | 3,588,702 | |||
Petroleo Brasileiro SA, Sponsored ADR | 1,257,307 | 12,899,970 | |||
Petroleo Brasileiro SA, Sponsored ADR | 227,883 | 2,431,512 | |||
Petroleo Brasileiro SA | 2,733,556 | 14,433,407 | |||
Porto Seguro SA | 250,037 | 2,480,087 |
The Emerging Markets Series
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BRAZIL — (Continued) | |||||
Raia Drogasil SA | 760,485 | $3,685,430 | |||
* | Rumo SA | 1,345,731 | 5,338,223 | ||
Sendas Distribuidora SA | 264,840 | 4,407,686 | |||
* | Suzano SA | 480,607 | 4,989,473 | ||
* | Suzano SA, Sponsored ADR | 74,273 | 774,666 | ||
Telefonica Brasil SA | 248,062 | 1,962,777 | |||
TIM SA | 895,936 | 1,947,294 | |||
TOTVS SA | 64,000 | 434,511 | |||
Ultrapar Participacoes SA | 687,063 | 2,332,314 | |||
Usinas Siderurgicas de Minas Gerais SA Usiminas | 16,400 | 66,094 | |||
Vale SA, Sponsored ADR | 492,463 | 10,351,562 | |||
Vale SA | 2,960,013 | 61,811,735 | |||
WEG SA | 726,666 | 4,982,334 | |||
TOTAL BRAZIL | 247,301,884 | ||||
CHILE — (0.5%) | |||||
Aguas Andinas SA, Class A | 1,164,753 | 236,823 | |||
# | Banco de Chile, ADR | 128,473 | 2,343,335 | ||
Banco de Credito e Inversiones SA | 44,056 | 1,817,077 | |||
Banco Santander Chile, ADR | 76,364 | 1,492,153 | |||
CAP SA | 49,237 | 853,181 | |||
Cencosud SA | 1,884,741 | 3,418,380 | |||
Cencosud Shopping SA | 100,714 | 155,128 | |||
Cia Cervecerias Unidas SA | 3,865 | 41,758 | |||
Cia Sud Americana de Vapores SA | 17,211,094 | 1,351,242 | |||
Colbun SA | 6,066,618 | 887,347 | |||
Embotelladora Andina SA, ADR, Class B | 24,029 | 341,692 | |||
Empresa Nacional de Telecomunicaciones SA | 256,080 | 1,232,002 | |||
Empresas CMPC SA | 882,894 | 1,907,992 | |||
Empresas COPEC SA | 174,061 | 1,502,335 | |||
# | Enel Americas SA, ADR | 561,671 | 3,841,830 | ||
Enel Chile SA, ADR | 644,316 | 1,675,222 | |||
Falabella SA | 237,441 | 923,000 | |||
Plaza SA | 140,993 | 201,582 | |||
Sociedad Quimica y Minera de Chile SA, Sponsored ADR | 94,021 | 4,465,998 | |||
TOTAL CHILE | 28,688,077 | ||||
CHINA — (31.6%) | |||||
* | 360 Security Technology, Inc., Class A | 280,000 | 518,731 | ||
* | 51job, Inc., ADR | 36,065 | 2,597,401 | ||
AAC Technologies Holdings, Inc. | 1,726,500 | 10,362,640 | |||
Addsino Co., Ltd., Class A | 129,000 | 393,679 | |||
AECC Aero-Engine Control Co., Ltd., Class A | 68,057 | 217,595 | |||
AECC Aviation Power Co., Ltd., Class A | 79,700 | 677,214 | |||
Agile Group Holdings, Ltd. | 3,660,000 | 4,004,237 | |||
Agricultural Bank of China, Ltd., Class H | 23,317,000 | 7,775,597 | |||
Aier Eye Hospital Group Co., Ltd., Class A | 222,010 | 2,027,197 | |||
* | Air China, Ltd., Class H | 1,594,000 | 1,016,430 | ||
* | Alibaba Group Holding, Ltd., Sponsored ADR | 929,746 | 181,477,122 | ||
* | Alibaba Group Holding, Ltd. | 714,100 | 17,440,286 | ||
* | Alibaba Health Information Technology, Ltd. | 960,000 | 1,496,263 | ||
A-Living Smart City Services Co., Ltd. | 58,500 | 223,129 | |||
* | Aluminum Corp. of China, Ltd., ADR | 21,075 | 318,654 | ||
* | Aluminum Corp. of China, Ltd., Class H | 4,954,000 | 3,021,708 | ||
Angel Yeast Co., Ltd., Class A | 87,800 | 636,842 | |||
Anhui Anke Biotechnology Group Co., Ltd., Class A | 60,720 | 137,050 | |||
Anhui Conch Cement Co., Ltd., Class H | 2,516,500 | 12,036,173 | |||
Anhui Gujing Distillery Co., Ltd., Class A | 15,416 | 445,257 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Anhui Honglu Steel Construction Group Co., Ltd., Class A | 40,119 | $318,705 | |||
Anhui Kouzi Distillery Co., Ltd., Class A | 71,000 | 605,181 | |||
Anhui Yingjia Distillery Co., Ltd., Class A | 74,000 | 413,419 | |||
ANTA Sports Products, Ltd. | 822,000 | 17,896,050 | |||
Apeloa Pharmaceutical Co., Ltd., Class A | 163,520 | 700,250 | |||
Asymchem Laboratories Tianjin Co., Ltd., Class A | 7,200 | 444,195 | |||
Autobio Diagnostics Co., Ltd., Class A | 44,684 | 427,822 | |||
Avary Holding Shenzhen Co., Ltd., Class A | 112,776 | 644,954 | |||
AVIC Electromechanical Systems Co., Ltd., Class A | 155,700 | 239,058 | |||
AVIC Industry-Finance Holdings Co., Ltd., Class A | 327,700 | 196,572 | |||
AVICOPTER P.L.C., Class A | 22,704 | 179,545 | |||
Bafang Electric Suzhou Co., Ltd., Class A | 8,500 | 295,260 | |||
* | Baidu, Inc., Sponsored ADR | 137,226 | 22,506,436 | ||
* | Baidu, Inc., Class A | 183,300 | 3,755,820 | ||
Bank of Beijing Co., Ltd., Class A | 782,508 | 520,137 | |||
Bank of Changsha Co., Ltd., Class A | 138,084 | 167,812 | |||
Bank of Chengdu Co., Ltd., Class A | 289,650 | 485,464 | |||
Bank of China, Ltd., Class H | 39,731,181 | 13,806,199 | |||
Bank of Communications Co., Ltd., Class H | 10,379,515 | 6,004,029 | |||
Bank of Guiyang Co., Ltd., Class A | 515,395 | 531,067 | |||
Bank of Hangzhou Co., Ltd., Class A | 266,304 | 499,782 | |||
Bank of Jiangsu Co., Ltd., Class A | 432,070 | 419,118 | |||
Bank of Nanjing Co., Ltd., Class A | 787,380 | 1,065,464 | |||
Bank of Ningbo Co., Ltd., Class A | 288,493 | 1,449,652 | |||
Bank of Shanghai Co., Ltd., Class A | 283,383 | 314,072 | |||
Bank of Suzhou Co., Ltd., Class A | 323,800 | 347,089 | |||
Baoshan Iron & Steel Co., Ltd., Class A | 1,014,500 | 1,243,810 | |||
* | BeiGene, Ltd., ADR | 741 | 234,593 | ||
* | BeiGene, Ltd. | 191,700 | 4,528,066 | ||
Beijing Capital Eco-Environment Protection Group Co., Ltd., Class A | 818,160 | 402,154 | |||
Beijing Dabeinong Technology Group Co., Ltd., Class A | 352,152 | 432,665 | |||
Beijing Easpring Material Technology Co., Ltd., Class A | 34,600 | 359,058 | |||
Beijing Enlight Media Co., Ltd., Class A | 168,100 | 232,148 | |||
Beijing New Building Materials P.L.C., Class A | 152,303 | 767,897 | |||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A | 132,362 | 1,046,037 | |||
Beijing Originwater Technology Co., Ltd., Class A | 293,800 | 314,874 | |||
Beijing Shiji Information Technology Co., Ltd., Class A | 87,729 | 274,805 | |||
* | Beijing Shougang Co., Ltd., Class A | 257,300 | 282,039 | ||
Beijing Shunxin Agriculture Co., Ltd., Class A | 62,300 | 301,059 | |||
Beijing Sinnet Technology Co., Ltd., Class A | 58,337 | 146,272 | |||
Beijing Tiantan Biological Products Corp., Ltd., Class A | 64,347 | 368,820 | |||
Beijing Tongrentang Co., Ltd., Class A | 36,400 | 193,196 | |||
Beijing Yanjing Brewery Co., Ltd., Class A | 277,500 | 268,661 | |||
Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd., Class A | 15,500 | 380,559 | |||
Betta Pharmaceuticals Co., Ltd., Class A | 17,506 | 224,233 | |||
BGI Genomics Co., Ltd., Class A | 50,500 | 880,354 | |||
* | Bilibili, Inc., Class Z | 23,580 | 2,018,882 | ||
Blue Sail Medical Co., Ltd., Class A | 160,662 | 513,784 | |||
BOC International China Co., Ltd., Class A | 101,300 | 233,692 | |||
BOE Technology Group Co., Ltd., Class A | 1,527,600 | 1,361,518 | |||
* | BTG Hotels Group Co., Ltd., Class A | 91,200 | 263,331 | ||
BYD Co., Ltd., Class H | 542,386 | 16,764,299 | |||
# | BYD Electronic International Co., Ltd. | 1,425,000 | 7,239,223 | ||
By-health Co., Ltd., Class A | 114,393 | 486,779 | |||
C&S Paper Co., Ltd., Class A | 148,000 | 449,883 | |||
Caitong Securities Co., Ltd., Class A | 269,900 | 407,417 | |||
# * | CanSino Biologics, Inc., Class H | 34,600 | 1,467,792 | ||
CECEP Solar Energy Co., Ltd., Class A | 134,700 | 146,569 | |||
Centre Testing International Group Co Ltd, Class A | 27,300 | 115,030 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
CGN Power Co., Ltd., Class H | 4,899,000 | $1,058,953 | |||
Chacha Food Co., Ltd., Class A | 70,100 | 409,754 | |||
Changchun High & New Technology Industry Group, Inc., Class A | 19,100 | 906,781 | |||
Changjiang Securities Co., Ltd., Class A | 520,002 | 556,333 | |||
Changzhou Xingyu Automotive Lighting Systems Co., Ltd., Class A | 17,700 | 565,847 | |||
Chaozhou Three-Circle Group Co., Ltd., Class A | 139,705 | 1,007,980 | |||
Chengdu Kanghong Pharmaceutical Group Co., Ltd., Class A | 75,200 | 216,994 | |||
Chengtun Mining Group Co., Ltd., Class A | 229,600 | 335,192 | |||
* | Chifeng Jilong Gold Mining Co., Ltd., Class A | 203,200 | 496,910 | ||
China Baoan Group Co., Ltd., Class A | 193,034 | 637,201 | |||
China Cinda Asset Management Co., Ltd., Class H | 3,106,000 | 527,585 | |||
China CITIC Bank Corp., Ltd., Class H | 9,190,928 | 4,113,164 | |||
China Coal Energy Co., Ltd., Class H | 3,786,777 | 2,277,080 | |||
China Common Rich Renewable Energy Investments, Ltd. | 5,416,000 | 653,378 | |||
China Conch Venture Holdings, Ltd. | 1,037,500 | 3,782,577 | |||
China Construction Bank Corp., Class H | 79,728,590 | 55,534,421 | |||
China CSSC Holdings, Ltd., Class A | 45,800 | 105,209 | |||
China Eastern Airlines Corp., Ltd., ADR | 11,904 | 220,581 | |||
* | China Eastern Airlines Corp., Ltd., Class H | 3,082,000 | 1,125,506 | ||
China Everbright Bank Co., Ltd., Class H | 4,752,000 | 1,619,933 | |||
# | China Evergrande Group | 3,952,000 | 2,673,837 | ||
China Feihe Ltd. | 2,374,000 | 4,564,038 | |||
* | China Fortune Land Development Co., Ltd., Class A | 81 | 54 | ||
China Galaxy Securities Co., Ltd., Class H | 5,480,000 | 2,863,260 | |||
China Gas Holdings, Ltd. | 5,783,000 | 17,804,628 | |||
China Gezhouba Group Co., Ltd., Class A | 564,500 | 726,051 | |||
China Great Wall Securities Co., Ltd., Class A | 171,500 | 245,671 | |||
China Greatwall Technology Group Co., Ltd., Class A | 182,800 | 452,114 | |||
China Hongqiao Group, Ltd. | 3,626,000 | 4,807,503 | |||
China International Capital Corp., Ltd., Class H | 2,061,200 | 4,748,018 | |||
China International Marine Containers Group Co., Ltd., Class H | 213,120 | 428,065 | |||
China Jushi Co., Ltd., Class A | 354,769 | 824,009 | |||
# | China Life Insurance Co., Ltd., ADR | 455,615 | 3,799,829 | ||
China Life Insurance Co., Ltd., Class H | 1,945,000 | 3,241,818 | |||
* | China Literature, Ltd. | 216,200 | 2,006,342 | ||
# | China Longyuan Power Group Corp., Ltd., Class H | 2,872,000 | 5,378,298 | ||
China Mengniu Dairy Co., Ltd. | 2,309,000 | 12,536,514 | |||
China Merchants Bank Co., Ltd., Class H | 3,434,554 | 26,128,548 | |||
China Merchants Energy Shipping Co., Ltd., Class A | 607,440 | 355,263 | |||
China Merchants Securities Co., Ltd., Class H | 535,860 | 730,261 | |||
China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A | 459,273 | 666,748 | |||
China Minmetals Rare Earth Co., Ltd., Class A | 41,491 | 242,535 | |||
# | China Minsheng Banking Corp., Ltd., Class H | 4,537,600 | 1,845,937 | ||
China Molybdenum Co., Ltd., Class H | 3,669,966 | 2,686,197 | |||
China National Building Material Co., Ltd., Class H | 10,930,000 | 11,838,296 | |||
China National Medicines Corp., Ltd., Class A | 31,900 | 150,178 | |||
China National Nuclear Power Co., Ltd., Class A | 1,600,390 | 1,192,165 | |||
China National Software & Service Co., Ltd., Class A | 20,300 | 182,754 | |||
China Northern Rare Earth Group High-Tech Co., Ltd., Class A | 146,200 | 1,088,055 | |||
China Oilfield Services, Ltd., Class H | 4,074,000 | 2,961,376 | |||
China Overseas Land & Investment, Ltd. | 7,839,500 | 16,431,147 | |||
China Pacific Insurance Group Co., Ltd., Class H | 4,918,400 | 13,850,322 | |||
China Petroleum & Chemical Corp., ADR | 52,089 | 2,381,495 | |||
China Petroleum & Chemical Corp., Class H | 12,896,800 | 5,897,325 | |||
China Railway Group, Ltd., Class H | 7,014,000 | 3,252,043 | |||
China Railway Signal & Communication Corp., Ltd., Class H | 2,390,000 | 854,904 | |||
China Resources Beer Holdings Co., Ltd. | 989,611 | 7,420,306 | |||
China Resources Cement Holdings, Ltd. | 6,186,000 | 5,110,501 | |||
China Resources Gas Group, Ltd. | 2,140,000 | 13,192,588 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
China Resources Land, Ltd. | 5,690,666 | $19,017,393 | |||
China Resources Power Holdings Co., Ltd. | 2,194,517 | 3,783,230 | |||
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Class A | 110,058 | 406,839 | |||
China Shenhua Energy Co., Ltd., Class H | 5,763,500 | 10,905,816 | |||
* | China Southern Airlines Co., Ltd., Sponsored ADR | 7,704 | 204,310 | ||
* | China Southern Airlines Co., Ltd., Class H | 1,528,000 | 803,593 | ||
China State Construction Engineering Corp., Ltd., Class A | 1,922,400 | 1,329,625 | |||
China Taiping Insurance Holdings Co., Ltd. | 3,127,306 | 4,393,098 | |||
China Tourism Group Duty Free Corp., Ltd., Class A | 83,000 | 3,104,339 | |||
China Tower Corp., Ltd., Class H | 64,470,000 | 8,552,501 | |||
China TransInfo Technology Co., Ltd., Class A | 145,530 | 348,011 | |||
China Vanke Co., Ltd., Class H | 3,423,500 | 8,918,404 | |||
China Yangtze Power Co., Ltd., Class A | 748,847 | 2,205,486 | |||
China Zhenhua Group Science & Technology Co., Ltd., Class A | 36,400 | 463,594 | |||
# | China Zheshang Bank Co., Ltd., Class H | 82,000 | 35,646 | ||
* | Chongqing Brewery Co., Ltd., Class A | 21,500 | 515,751 | ||
Chongqing Changan Automobile Co., Ltd., Class A | 127,400 | 363,989 | |||
* | Chongqing Fuling Zhacai Group Co., Ltd., Class A | 91,700 | 431,724 | ||
Chongqing Rural Commercial Bank Co., Ltd., Class H | 2,634,000 | 983,099 | |||
Chongqing Zhifei Biological Products Co., Ltd., Class A | 83,314 | 2,045,896 | |||
Chow Tai Seng Jewellery Co., Ltd., Class A | 82,704 | 235,304 | |||
CIFI Holdings Group Co., Ltd. | 4,673,191 | 2,818,325 | |||
CITIC Securities Co., Ltd., Class H | 1,660,500 | 3,697,896 | |||
CITIC, Ltd. | 4,725,000 | 5,103,424 | |||
CNHTC Jinan Truck Co., Ltd., Class A | 115,061 | 411,746 | |||
CNNC Hua Yuan Titanium Dioxide Co., Ltd., Class A | 125,600 | 335,300 | |||
Contemporary Amperex Technology Co., Ltd., Class A | 61,920 | 5,313,972 | |||
# * | COSCO SHIPPING Holdings Co., Ltd., Class H | 3,966,299 | 5,983,203 | ||
Country Garden Holdings Co., Ltd. | 15,537,519 | 15,189,792 | |||
Country Garden Services Holdings Co., Ltd. | 1,131,492 | 9,187,590 | |||
CSC Financial Co., Ltd., Class H | 1,105,500 | 1,091,611 | |||
CSG Holding Co., Ltd., Class A | 8,100 | 12,199 | |||
CSPC Pharmaceutical Group, Ltd. | 17,303,200 | 23,356,527 | |||
CTS International Logistics Corp., Ltd., Class A | 800 | 1,604 | |||
Daan Gene Co., Ltd., Class A | 171,580 | 581,703 | |||
Dali Foods Group Co., Ltd. | 4,627,500 | 2,507,088 | |||
Daqin Railway Co., Ltd., Class A | 883,060 | 804,462 | |||
DaShenLin Pharmaceutical Group Co., Ltd., Class A | 84,795 | 558,138 | |||
Datang International Power Generation Co., Ltd., Class H | 2,826,000 | 432,559 | |||
DHC Software Co., Ltd., Class A | 290,300 | 320,308 | |||
Dian Diagnostics Group Co., Ltd., Class A | 83,929 | 460,359 | |||
* | Do-Fluoride New Materials Co., Ltd., Class A | 27,100 | 208,113 | ||
Dong-E-E-Jiao Co., Ltd., Class A | 64,411 | 304,655 | |||
Dongfeng Motor Group Co., Ltd., Class H | 874,000 | 775,317 | |||
Dongxing Securities Co., Ltd., Class A | 278,118 | 444,293 | |||
East Money Information Co., Ltd., Class A | 325,440 | 1,569,550 | |||
Ecovacs Robotics Co., Ltd., Class A | 11,000 | 291,888 | |||
ENN Energy Holdings, Ltd. | 525,600 | 10,968,373 | |||
ENN Natural Gas Co., Ltd., Class A | 245,000 | 666,306 | |||
* | ESR Cayman, Ltd | 111,800 | 392,956 | ||
* | Estun Automation Co., Ltd., Class A | 46,603 | 282,376 | ||
Eve Energy Co., Ltd., Class A | 35,705 | 625,942 | |||
# | Everbright Securities Co., Ltd., Class H | 413,200 | 318,830 | ||
Fangda Carbon New Material Co., Ltd., Class A | 374,324 | 510,713 | |||
FAW Jiefang Group Co., Ltd. | 97,100 | 166,098 | |||
Fiberhome Telecommunication Technologies Co., Ltd., Class A | 107,700 | 332,062 | |||
Financial Street Holdings Co., Ltd., Class A | 182,100 | 160,004 | |||
* | First Capital Securities Co., Ltd., Class A | 279,000 | 269,749 | ||
# | Flat Glass Group Co., Ltd., Class H | 396,000 | 1,770,897 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Focus Media Information Technology Co., Ltd., Class A | 712,700 | $831,321 | |||
Foshan Haitian Flavouring & Food Co., Ltd., Class A | 182,121 | 3,238,733 | |||
Fosun International, Ltd. | 2,569,722 | 3,401,854 | |||
* | Founder Securities Co., Ltd., Class A | 384,200 | 523,927 | ||
Fu Jian Anjoy Foods Co., Ltd., Class A | 12,900 | 323,028 | |||
Fujian Sunner Development Co., Ltd., Class A | 215,363 | 622,678 | |||
* | Futu Holdings, Ltd., ADR | 414 | 42,418 | ||
Fuyao Glass Industry Group Co., Ltd., Class H | 717,600 | 4,568,615 | |||
Ganfeng Lithium Co., Ltd., Class H | 60,400 | 1,300,020 | |||
G-bits Network Technology Xiamen Co., Ltd., Class A | 11,400 | 779,841 | |||
* | GCL System Integration Technology Co., Ltd., Class A | 329,100 | 217,256 | ||
* | GCL-Poly Energy Holdings, Ltd. | 20,189,000 | 3,857,944 | ||
GD Power Development Co., Ltd., Class A | 229,600 | 81,544 | |||
# * | GDS Holdings, Ltd., ADR | 45,771 | 2,698,658 | ||
* | GDS Holdings, Ltd., Class A | 121,000 | 897,159 | ||
Geely Automobile Holdings, Ltd. | 8,400,000 | 28,176,856 | |||
GEM Co., Ltd., Class A | 143,076 | 265,653 | |||
Gemdale Corp., Class A | 273,600 | 355,369 | |||
* | Genscript Biotech Corp. | 412,000 | 1,811,046 | ||
GF Securities Co., Ltd., Class H | 1,733,400 | 2,462,913 | |||
Giant Network Group Co., Ltd., Class A | 153,702 | 259,400 | |||
Gigadevice Semiconductor Beijing, Inc., Class A | 31,374 | 1,120,995 | |||
Ginlong Technologies Co., Ltd., Class A | 16,150 | 773,097 | |||
GoerTek, Inc., Class A | 198,500 | 1,175,837 | |||
* | Gotion High-tech Co., Ltd., Class A | 68,900 | 585,058 | ||
Grandblue Environment Co., Ltd., Class A | 4,600 | 15,487 | |||
Great Wall Motor Co., Ltd., Class H | 3,021,000 | 14,596,136 | |||
Gree Electric Appliances, Inc., Class A | 148,633 | 1,093,905 | |||
Greenland Holdings Corp., Ltd., Class A | 547,575 | 366,828 | |||
GRG Banking Equipment Co., Ltd., Class A | 218,700 | 353,997 | |||
Guangdong Haid Group Co., Ltd., Class A | 71,100 | 692,570 | |||
Guangdong Hongda Blasting Co., Ltd., Class A | 71,300 | 346,099 | |||
Guangdong Investment, Ltd. | 2,818,000 | 3,943,175 | |||
Guangdong Xinbao Electrical Appliances Holdings Co., Ltd., Class A | 103,500 | 335,057 | |||
* | Guanghui Energy Co., Ltd., Class A | 764,600 | 476,868 | ||
Guangxi Guiguan Electric Power Co., Ltd., Class A | 34,400 | 26,205 | |||
Guangzhou Automobile Group Co., Ltd., Class H | 2,221,162 | 1,925,252 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H | 190,000 | 513,712 | |||
Guangzhou Haige Communications Group, Inc. Co., Class A | 222,052 | 341,127 | |||
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A | 24,501 | 503,339 | |||
Guangzhou Shiyuan Electronic Technology Co., Ltd., Class A | 37,300 | 641,825 | |||
Guangzhou Tinci Materials Technology Co., Ltd., Class A | 28,820 | 452,266 | |||
Guangzhou Wondfo Biotech Co., Ltd., Class A | 46,107 | 385,969 | |||
* | Guangzhou Yuexiu Financial Holdings Group Co., Ltd., Class A | 167,300 | 273,561 | ||
Guangzhou Zhujiang Brewery Co., Ltd., Class A | 79,100 | 115,074 | |||
Guosen Securities Co., Ltd., Class A | 186,700 | 306,249 | |||
* | Guosheng Financial Holding, Inc., Class A | 138,300 | 199,736 | ||
Guotai Junan Securities Co., Ltd., Class H | 474,400 | 596,477 | |||
Guoyuan Securities Co., Ltd., Class A | 440,340 | 490,606 | |||
Haier Smart Home Co., Ltd., Class A | 258,200 | 999,672 | |||
Haier Smart Home Co., Ltd., Class H | 4,056,000 | 13,910,756 | |||
Haisco Pharmaceutical Group Co., Ltd., Class A | 38,400 | 119,796 | |||
Haitong Securities Co., Ltd., Class H | 3,172,800 | 2,614,840 | |||
* | Hang Zhou Great Star Industrial Co., Ltd., Class A | 79,708 | 360,371 | ||
Hangzhou First Applied Material Co., Ltd., Class A | 72,465 | 1,507,388 | |||
Hangzhou Oxygen Plant Group Co., Ltd., Class A | 132,600 | 714,838 | |||
Hangzhou Robam Appliances Co., Ltd., Class A | 111,100 | 669,996 | |||
Hangzhou Silan Microelectronics Co., Ltd., Class A | 18,600 | 201,466 | |||
Hangzhou Tigermed Consulting Co., Ltd., Class A | 12,100 | 296,371 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Hangzhou Tigermed Consulting Co., Ltd., Class H | 27,700 | $537,947 | |||
Han's Laser Technology Industry Group Co., Ltd., Class A | 122,217 | 699,046 | |||
Haohua Chemical Science & Technology Co., Ltd., Class A | 5,700 | 26,550 | |||
Hebei Hengshui Laobaigan Liquor Co., Ltd., Class A | 66,700 | 218,187 | |||
Hefei Meiya Optoelectronic Technology, Inc., Class A | 64,843 | 497,013 | |||
Heilongjiang Agriculture Co., Ltd., Class A | 174,805 | 403,143 | |||
Henan Shenhuo Coal & Power Co., Ltd., Class A | 136,400 | 247,761 | |||
Henan Shuanghui Investment & Development Co., Ltd., Class A | 275,829 | 1,098,787 | |||
Hengan International Group Co., Ltd. | 1,801,500 | 10,685,885 | |||
Hengdian Group DMEGC Magnetics Co., Ltd., Class A | 162,321 | 383,534 | |||
Hengli Petrochemical Co., Ltd.,, Class A | 430,900 | 1,953,230 | |||
Hengyi Petrochemical Co., Ltd., Class A | 334,988 | 631,296 | |||
Hesteel Co., Ltd., Class A | 990,453 | 414,161 | |||
Hithink RoyalFlush Information Network Co., Ltd., Class A | 31,881 | 458,822 | |||
Hongfa Technology Co., Ltd., Class A | 71,093 | 724,719 | |||
Hongta Securities Co., Ltd., Class A | 60,400 | 124,986 | |||
Hopson Development Holdings, Ltd. | 84,200 | 279,046 | |||
* | Hua Hong Semiconductor, Ltd. | 150,000 | 950,559 | ||
Huaan Securities Co., Ltd., Class A | 284,610 | 224,082 | |||
Huadong Medicine Co., Ltd., Class A | 126,400 | 697,904 | |||
Huafon Chemical Co., Ltd., Class A | 294,783 | 563,159 | |||
Huagong Tech Co., Ltd., Class A | 50,100 | 217,940 | |||
Huaibei Mining Holdings Co., Ltd., Class A | 129,400 | 232,600 | |||
Hualan Biological Engineering, Inc., Class A | 104,900 | 598,961 | |||
# | Huaneng Power International, Inc., Sponsored ADR | 33,132 | 447,613 | ||
Huaneng Power International, Inc., Class H | 2,986,000 | 1,014,349 | |||
Huatai Securities Co., Ltd., Class H | 1,274,400 | 1,688,609 | |||
Huaxi Securities Co., Ltd., Class A | 159,100 | 217,335 | |||
Huaxia Bank Co., Ltd., Class A | 583,056 | 495,072 | |||
Huaxin Cement Co., Ltd., Class A | 206,300 | 474,019 | |||
Huayu Automotive Systems Co., Ltd., Class A | 235,900 | 706,720 | |||
* | Huazhu Group, Ltd., ADR | 116,212 | 5,227,216 | ||
Hubei Xingfa Chemicals Group Co., Ltd., Class A | 55,000 | 208,557 | |||
Huizhou Desay Sv Automotive Co., Ltd., Class A | 11,000 | 175,301 | |||
Hunan Valin Steel Co., Ltd., Class A | 1,237,900 | 1,472,682 | |||
Hundsun Technologies, Inc., Class A | 41,692 | 360,556 | |||
Huolinhe Opencut Coal Industry Corp., Ltd. of Inner Mongolia, Class A | 347,700 | 559,134 | |||
Iflytek Co., Ltd., Class A | 70,100 | 637,575 | |||
Industrial & Commercial Bank of China, Ltd., Class H | 53,639,185 | 29,785,463 | |||
Industrial Bank Co., Ltd., Class A | 643,039 | 1,762,666 | |||
Industrial Securities Co., Ltd., Class A | 501,960 | 692,334 | |||
Infore Environment Technology Group Co., Ltd., Class A | 247,423 | 238,053 | |||
* | Inner Mongolia BaoTou Steel Union Co., Ltd., Class A | 2,987,020 | 1,321,216 | ||
Inner Mongolia Eerduosi Resources Co., Ltd., Class A | 103,600 | 378,387 | |||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd., Class A | 810,103 | 610,277 | |||
Inner Mongolia Yili Industrial Group Co., Ltd., Class A | 346,800 | 1,796,890 | |||
* | Innovent Biologics, Inc. | 539,500 | 5,524,079 | ||
Inspur Electronic Information Industry Co., Ltd., Class A | 58,384 | 276,051 | |||
* | iQIYI, Inc., ADR | 155,531 | 1,735,726 | ||
Jafron Biomedical Co., Ltd., Class A | 35,367 | 368,223 | |||
Jason Furniture Hangzhou Co., Ltd., Class A | 19,300 | 193,876 | |||
JCET Group Co., Ltd., Class A | 168,900 | 1,029,432 | |||
* | JD.com, Inc., ADR | 248,488 | 17,612,829 | ||
* | JD.com, Inc., Class A | 121,000 | 4,218,517 | ||
Jiangsu Eastern Shenghong Co., Ltd., Class A | 138,440 | 584,485 | |||
Jiangsu Expressway Co., Ltd., Class H | 1,020,000 | 1,089,807 | |||
Jiangsu Hengli Hydraulic Co., Ltd., Class A | 70,098 | 1,065,716 | |||
Jiangsu Hengrui Medicine Co., Ltd., Class A | 230,755 | 1,949,818 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Jiangsu Hengshun Vinegar Industry Co., Ltd., Class A | 48,879 | $122,249 | |||
* | Jiangsu Hoperun Software Co., Ltd., Class A | 29,960 | 178,743 | ||
Jiangsu King's Luck Brewery JSC, Ltd., Class A | 74,812 | 477,622 | |||
Jiangsu Shagang Co., Ltd., Class A | 237,700 | 261,974 | |||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A | 59,900 | 1,516,717 | |||
Jiangsu Yangnong Chemical Co., Ltd., Class A | 39,837 | 776,989 | |||
Jiangsu Yoke Technology Co., Ltd., Class A | 13,400 | 221,461 | |||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A | 137,400 | 726,318 | |||
Jiangsu Zhongnan Construction Group Co., Ltd., Class A | 392,900 | 277,963 | |||
Jiangsu Zhongtian Technology Co., Ltd., Class A | 375,200 | 442,014 | |||
Jiangxi Copper Co., Ltd., Class H | 1,199,000 | 2,517,316 | |||
Jiangxi Zhengbang Technology Co., Ltd., Class A | 493,546 | 727,950 | |||
Jinduicheng Molybdenum Co., Ltd., Class A | 254,400 | 278,077 | |||
Jinke Properties Group Co., Ltd., Class A | 296,700 | 198,003 | |||
JiuGui Liquor Co., Ltd., Class A | 11,500 | 341,999 | |||
JL Mag Rare-Earth Co., Ltd., Class A | 30,700 | 193,984 | |||
Joincare Pharmaceutical Group Industry Co., Ltd., Class A | 240,955 | 440,569 | |||
Joinn Laboratories China Co., Ltd., Class A | 5,600 | 165,130 | |||
Jointown Pharmaceutical Group Co., Ltd., Class A | 227,867 | 497,645 | |||
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd., Class A | 85,500 | 485,324 | |||
Joyoung Co., Ltd., Class A | 107,900 | 420,162 | |||
JOYY, Inc., ADR | 9,413 | 503,125 | |||
Juewei Food Co., Ltd., Class A | 43,844 | 464,546 | |||
Juneyao Airlines Co., Ltd., Class A | 141,100 | 258,248 | |||
* | Kingdee International Software Group Co., Ltd. | 1,235,000 | 3,857,133 | ||
Kingsoft Corp., Ltd. | 981,000 | 4,590,326 | |||
* | Kuang-Chi Technologies Co., Ltd., Class A | 102,600 | 335,005 | ||
Kunlun Energy Co., Ltd. | 9,690,000 | 8,377,474 | |||
Kunlun Tech Co., Ltd., Class A | 108,000 | 283,963 | |||
Kweichow Moutai Co., Ltd., Class A | 65,693 | 17,110,361 | |||
KWG Living Group Holdings, Ltd. | 518,250 | 495,705 | |||
Lao Feng Xiang Co., Ltd., Class A | 43,843 | 323,781 | |||
Laobaixing Pharmacy Chain JSC, Class A | 56,521 | 383,579 | |||
LB Group Co., Ltd., Class A | 178,000 | 825,833 | |||
Lenovo Group, Ltd. | 18,933,278 | 17,654,942 | |||
Lens Technology Co., Ltd., Class A | 207,500 | 818,301 | |||
Lepu Medical Technology Beijing Co., Ltd., Class A | 180,977 | 724,094 | |||
Leyard Optoelectronic Co., Ltd., Class A | 143,000 | 211,104 | |||
Li Ning Co., Ltd. | 1,744,500 | 18,424,210 | |||
Lianhe Chemical Technology Co., Ltd., Class A | 5,200 | 21,255 | |||
Liaoning Cheng Da Co., Ltd., Class A | 143,200 | 433,944 | |||
Lingyi iTech Guangdong Co., Class A | 603,118 | 646,422 | |||
Logan Group Co., Ltd. | 3,853,000 | 4,105,710 | |||
Longfor Group Holdings, Ltd. | 3,097,000 | 14,395,488 | |||
LONGi Green Energy Technology Co., Ltd., Class A | 328,720 | 4,394,002 | |||
Luenmei Quantum Co., Ltd., Class A | 252,660 | 333,846 | |||
Luxi Chemical Group Co., Ltd., Class A | 293,600 | 913,488 | |||
Luxshare Precision Industry Co., Ltd., Class A | 403,724 | 2,320,244 | |||
Luzhou Laojiao Co., Ltd., Class A | 76,529 | 2,035,977 | |||
Maccura Biotechnology Co., Ltd., Class A | 77,000 | 430,205 | |||
Mango Excellent Media Co., Ltd., Class A | 90,492 | 773,519 | |||
* | Meinian Onehealth Healthcare Holdings Co., Ltd., Class A | 234,157 | 273,196 | ||
* | Meituan, Class B | 1,192,700 | 33,003,694 | ||
Metallurgical Corp. of China, Ltd., Class H | 4,159,000 | 1,269,828 | |||
Microport Scientific Corp. | 390,000 | 2,949,966 | |||
Midea Group Co., Ltd., Class A | 479,784 | 4,732,705 | |||
Ming Yang Smart Energy Group, Ltd., Class A | 202,404 | 678,007 | |||
MLS Co., Ltd., Class A | 166,400 | 418,348 | |||
Montage Technology Co., Ltd., Class A | 22,233 | 232,700 |
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Muyuan Foods Co., Ltd., Class A | 370,587 | $2,429,711 | |||
NanJi E-Commerce Co., Ltd., Class A | 340,300 | 541,066 | |||
Nanjing Hanrui Cobalt Co., Ltd., Class A | 21,947 | 301,526 | |||
Nanjing Iron & Steel Co., Ltd., Class A | 733,400 | 425,774 | |||
Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Class A | 101,634 | 465,423 | |||
Nanjing Securities Co., Ltd., Class A | 242,200 | 386,679 | |||
NARI Technology Co., Ltd., Class A | 207,960 | 1,012,865 | |||
NAURA Technology Group Co., Ltd., Class A | 6,700 | 450,362 | |||
NavInfo Co., Ltd., Class A | 154,250 | 307,305 | |||
NetEase, Inc., ADR | 271,103 | 27,709,438 | |||
New China Life Insurance Co., Ltd., Class H | 1,538,900 | 4,210,740 | |||
* | New Hope Liuhe Co., Ltd., Class A | 195,900 | 346,683 | ||
Nine Dragons Paper Holdings, Ltd. | 3,293,000 | 4,155,069 | |||
Ninestar Corp., Class A | 71,051 | 395,844 | |||
Ningbo Joyson Electronic Corp., Class A | 126,400 | 496,908 | |||
Ningbo Tuopu Group Co., Ltd., Class A | 71,348 | 374,679 | |||
Ningbo Zhoushan Port Co., Ltd., Class A | 449,700 | 257,838 | |||
* | NIO, Inc., ADR | 313,882 | 14,024,248 | ||
Northeast Securities Co., Ltd., Class A | 159,220 | 192,363 | |||
* | Offcn Education Technology Co., Ltd., Class A | 80,212 | 162,321 | ||
Offshore Oil Engineering Co., Ltd., Class A | 368,100 | 234,812 | |||
OFILM Group Co., Ltd., Class A | 214,300 | 244,908 | |||
Oppein Home Group, Inc., Class A | 35,395 | 789,806 | |||
Opple Lighting Co., Ltd., Class A | 26,337 | 101,131 | |||
Orient Securities Co., Ltd., Class H | 791,200 | 685,637 | |||
Ovctek China, Inc., Class A | 33,152 | 469,861 | |||
* | Pacific Securities Co., Ltd. (The), Class A | 708,600 | 342,136 | ||
Pacific Shuanglin Bio-pharmacy Co., Ltd., Class A | 33,875 | 162,556 | |||
* | Pangang Group Vanadium Titanium & Resources Co., Ltd., Class A | 747,000 | 331,208 | ||
People's Insurance Co. Group of China, Ltd. (The), Class H | 6,783,000 | 2,104,961 | |||
Perfect World Co., Ltd., Class A | 175,785 | 434,737 | |||
# | PetroChina Co., Ltd., ADR | 101,403 | 4,242,701 | ||
PetroChina Co., Ltd., Class H | 10,762,000 | 4,495,737 | |||
PharmaBlock Sciences Nanjing, Inc., Class A | 5,990 | 137,457 | |||
PICC Property & Casualty Co., Ltd., Class H | 10,123,198 | 8,177,678 | |||
* | Pinduoduo, Inc., ADR | 109,292 | 10,012,240 | ||
Ping An Bank Co., Ltd., Class A | 570,500 | 1,564,146 | |||
# * | Ping An Healthcare and Technology Co., Ltd. | 279,100 | 2,611,401 | ||
Ping An Insurance Group Co. of China, Ltd., Class H | 5,400,000 | 47,254,536 | |||
* | Poly Developments and Holdings Group Co., Ltd., Class A | 448,683 | 696,721 | ||
Postal Savings Bank of China Co., Ltd., Class H | 6,120,000 | 3,953,118 | |||
Power Construction Corp. of China, Ltd., Class A | 939,511 | 709,763 | |||
Proya Cosmetics Co., Ltd., Class A | 19,800 | 495,117 | |||
Qingdao Haier Biomedical Co., Ltd., Class A | 3,428 | 55,456 | |||
Qingdao Port International Co., Ltd., Class H | 69,000 | 35,539 | |||
Qingdao Rural Commercial Bank Corp., Class A | 438,300 | 264,331 | |||
Qingdao TGOOD Electric Co., Ltd., Class A | 78,000 | 362,946 | |||
Raytron Technology Co., Ltd., Class A | 24,014 | 420,328 | |||
Red Avenue New Materials Group Co., Ltd., Class A | 13,800 | 160,936 | |||
* | Red Star Macalline Group Corp., Ltd., Class H | 91,289 | 53,691 | ||
RiseSun Real Estate Development Co., Ltd., Class A | 412,534 | 291,076 | |||
Rongsheng Petro Chemical Co., Ltd., Class A | 485,494 | 1,403,490 | |||
SAIC Motor Corp, Ltd., Class A | 190,300 | 541,872 | |||
Sailun Group Co., Ltd., Class A | 406,500 | 576,547 | |||
Sanan Optoelectronics Co., Ltd., Class A | 86,000 | 568,763 | |||
Sangfor Technologies, Inc., Class A | 8,900 | 334,701 | |||
Sany Heavy Industry Co., Ltd., Class A | 579,334 | 2,235,739 | |||
SDIC Power Holdings Co., Ltd., Class A | 251,000 | 330,200 | |||
Sealand Securities Co., Ltd., Class A | 311,290 | 188,837 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Seazen Group, Ltd. | 5,844,000 | $4,350,128 | |||
Seazen Holdings Co., Ltd. , Class A | 219,900 | 1,080,821 | |||
SF Holding Co., Ltd., Class A | 197,461 | 1,812,809 | |||
SG Micro Corp., Class A | 6,300 | 364,574 | |||
Shaanxi Coal Industry Co., Ltd., Class A | 797,200 | 1,382,240 | |||
Shandong Buchang Pharmaceuticals Co., Ltd., Class A | 141,100 | 440,554 | |||
# | Shandong Gold Mining Co., Ltd., Class H | 1,142,750 | 2,019,481 | ||
Shandong Himile Mechanical Science & Technology Co., Ltd., Class A | 102,300 | 435,879 | |||
Shandong Hi-speed Co., Ltd., Class A | 111,700 | 106,654 | |||
Shandong Hualu Hengsheng Chemical Co., Ltd., Class A | 209,950 | 1,009,175 | |||
Shandong Linglong Tyre Co., Ltd., Class A | 130,200 | 755,953 | |||
Shandong Nanshan Aluminum Co., Ltd., Class A | 910,010 | 722,948 | |||
Shandong Sinocera Functional Material Co., Ltd., Class A | 42,800 | 311,076 | |||
Shandong Sun Paper Industry JSC, Ltd., Class A | 326,350 | 586,250 | |||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 5,260,000 | 9,437,594 | |||
Shanghai Bailian Group Co., Ltd., Class A | 93,300 | 220,486 | |||
Shanghai Bairun Investment Holding Group Co., Ltd., Class A | 39,340 | 424,451 | |||
Shanghai Baosight Software Co., Ltd., Class A | 81,393 | 843,020 | |||
Shanghai Belling Co., Ltd., Class A | 50,400 | 274,340 | |||
Shanghai Construction Group Co., Ltd., Class A | 467,776 | 193,479 | |||
Shanghai Electric Group Co., Ltd., Class H | 3,012,000 | 745,033 | |||
# | Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H | 284,500 | 2,607,351 | ||
Shanghai International Airport Co., Ltd., Class A | 56,200 | 336,214 | |||
Shanghai International Port Group Co., Ltd., Class A | 334,000 | 255,333 | |||
Shanghai Jahwa United Co., Ltd., Class A | 53,100 | 400,224 | |||
Shanghai Jinjiang International Hotels Co., Ltd., Class A | 59,400 | 373,193 | |||
* | Shanghai Junshi Biosciences Co., Ltd., Class H | 77,200 | 520,659 | ||
Shanghai Lingang Holdings Corp., Ltd., Class A | 146,400 | 342,111 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd., Class A | 168,220 | 302,495 | |||
Shanghai M&G Stationery, Inc., Class A | 51,069 | 559,584 | |||
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | 1,263,500 | 2,696,561 | |||
Shanghai Pudong Development Bank Co., Ltd., Class A | 867,371 | 1,214,635 | |||
Shanghai Putailai New Energy Technology Co., Ltd., Class A | 13,761 | 273,383 | |||
Shanghai RAAS Blood Products Co., Ltd., Class A | 380,800 | 433,523 | |||
Shanghai Yuyuan Tourist Mart Group Co., Ltd., Class A | 178,559 | 270,154 | |||
Shanghai Zhangjiang High-Tech Park Development Co., Ltd., Class A | 144,500 | 382,223 | |||
Shanxi Coking Coal Energy Group Co., Ltd., Class A | 558,030 | 766,653 | |||
Shanxi Lu'an Environmental Energy Development Co., Ltd., Class A | 313,130 | 608,039 | |||
* | Shanxi Meijin Energy Co., Ltd., Class A | 523,517 | 705,072 | ||
Shanxi Securities Co., Ltd., Class A | 142,560 | 139,159 | |||
Shanxi Taigang Stainless Steel Co., Ltd., Class A | 538,600 | 852,528 | |||
Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Class A | 63,207 | 2,810,384 | |||
Shenergy Co., Ltd., Class A | 43,000 | 38,204 | |||
Shenghe Resources Holding Co., Ltd., Class A | 145,600 | 558,050 | |||
Shengyi Technology Co., Ltd., Class A | 157,700 | 672,980 | |||
Shennan Circuits Co., Ltd., Class A | 25,382 | 478,856 | |||
Shenwan Hongyuan Group Co., Ltd., Class H | 1,613,600 | 407,321 | |||
Shenzhen Capchem Technology Co., Ltd., Class A | 14,900 | 263,844 | |||
* | Shenzhen Chengxin Lithium Group Co., Ltd., Class A | 27,829 | 209,626 | ||
Shenzhen Energy Group Co., Ltd., Class A | 125,500 | 166,936 | |||
Shenzhen Everwin Precision Technology Co., Ltd., Class A | 53,300 | 146,952 | |||
Shenzhen Gas Corp., Ltd., Class A | 150,500 | 168,476 | |||
Shenzhen Goodix Technology Co., Ltd., Class A | 40,300 | 746,271 | |||
Shenzhen Hepalink Pharmaceutical Group Co., Ltd., Class A | 97,300 | 227,832 | |||
Shenzhen Inovance Technology Co., Ltd., Class A | 80,500 | 973,773 | |||
Shenzhen Kaifa Technology Co., Ltd., Class A | 157,000 | 449,299 | |||
Shenzhen Kangtai Biological Products Co., Ltd., Class A | 18,750 | 369,822 | |||
Shenzhen Kedali Industry Co., Ltd., Class A | 11,900 | 216,698 | |||
Shenzhen Kinwong Electronic Co., Ltd., Class A | 62,764 | 287,941 |
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Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A | 52,373 | $3,177,448 | |||
* | Shenzhen MTC Co., Ltd., Class A | 533,300 | 516,762 | ||
Shenzhen Overseas Chinese Town Co., Ltd., Class A | 768,580 | 768,630 | |||
* | Shenzhen Salubris Pharmaceuticals Co., Ltd., Class A | 71,100 | 299,560 | ||
Shenzhen SC New Energy Technology Corp., Class A | 25,266 | 639,004 | |||
Shenzhen Senior Technology Material Co., Ltd., Class A | 25,400 | 167,617 | |||
Shenzhen Sunlord Electronics Co., Ltd., Class A | 80,400 | 504,862 | |||
Shenzhen Sunway Communication Co., Ltd., Class A | 134,500 | 540,294 | |||
Shenzhen YUTO Packaging Technology Co., Ltd., Class A | 106,771 | 446,850 | |||
Shenzhou International Group Holdings, Ltd. | 597,100 | 13,251,604 | |||
Shijiazhuang Yiling Pharmaceutical Co., Ltd., Class A | 162,563 | 473,936 | |||
Shimao Group Holdings, Ltd. | 3,062,871 | 6,045,782 | |||
Sichuan Chuantou Energy Co., Ltd., Class A | 149,500 | 253,587 | |||
Sichuan Kelun Pharmaceutical Co., Ltd., Class A | 129,301 | 367,853 | |||
Sichuan Swellfun Co., Ltd., Class A | 23,700 | 375,293 | |||
Sichuan Teway Food Group Co., Ltd., Class A | 30,000 | 115,390 | |||
Sichuan Yahua Industrial Group Co., Ltd., Class A | 73,800 | 374,643 | |||
Sieyuan Electric Co., Ltd., Class A | 58,600 | 259,405 | |||
Sino Biopharmaceutical, Ltd. | 17,847,500 | 15,161,387 | |||
Sinocare, Inc., Class A | 20 | 93 | |||
Sinolink Securities Co., Ltd., Class A | 232,100 | 386,006 | |||
Sinoma Science & Technology Co., Ltd., Class A | 243,094 | 966,607 | |||
Sinopec Shanghai Petrochemical Co., Ltd., Class H | 1,505,000 | 313,547 | |||
Sinopharm Group Co., Ltd., Class H | 2,426,400 | 6,362,541 | |||
Sinotruk Hong Kong, Ltd. | 1,510,500 | 2,589,348 | |||
Skshu Paint Co., Ltd., Class A | 15,148 | 359,506 | |||
Songcheng Performance Development Co., Ltd., Class A | 146,500 | 287,934 | |||
SooChow Securities Co., Ltd., Class A | 384,200 | 467,200 | |||
Southwest Securities Co., Ltd., Class A | 670,436 | 471,853 | |||
* | Spring Airlines Co., Ltd., Class A | 48,500 | 356,658 | ||
* | Sunac China Holdings, Ltd. | 5,903,000 | 15,316,820 | ||
* | Sunac Services Holdings, Ltd. | 185,102 | 502,118 | ||
Sungrow Power Supply Co., Ltd., Class A | 53,300 | 1,391,564 | |||
* | Suning Universal Co., Ltd., Class A | 349,700 | 313,092 | ||
* | Suning.com Co., Ltd., Class A | 664,724 | 608,168 | ||
Sunny Optical Technology Group Co., Ltd. | 550,300 | 16,707,945 | |||
Sunwoda Electronic Co., Ltd., Class A | 154,000 | 807,957 | |||
Suofeiya Home Collection Co., Ltd., Class A | 51,100 | 151,230 | |||
Suzhou Dongshan Precision Manufacturing Co., Ltd., Class A | 226,300 | 741,869 | |||
Suzhou Gold Mantis Construction Decoration Co., Ltd., Class A | 326,600 | 346,123 | |||
Suzhou Maxwell Technologies Co., Ltd., Class A | 8,460 | 857,399 | |||
Suzhou TA&A Ultra Clean Technology Co., Ltd., Class A | 34,700 | 300,684 | |||
Tangshan Sanyou Chemical Industries Co., Ltd., Class A | 188,500 | 360,289 | |||
TBEA Co., Ltd., Class A | 276,500 | 649,864 | |||
TCL Technology Group Corp., Class A | 971,480 | 1,114,301 | |||
Tencent Holdings, Ltd. | 3,951,600 | 238,313,675 | |||
* | Tencent Music Entertainment Group, ADR | 268,892 | 2,842,188 | ||
Thunder Software Technology Co., Ltd., Class A | 13,300 | 301,470 | |||
Tianjin 712 Communication & Broadcasting Co., Ltd., Class A | 56,900 | 355,595 | |||
Tianjin Zhonghuan Semiconductor Co., Ltd., Class A | 70,800 | 550,280 | |||
Tianma Microelectronics Co., Ltd., Class A | 161,455 | 350,748 | |||
Tianshui Huatian Technology Co., Ltd., Class A | 305,000 | 673,027 | |||
Tingyi Cayman Islands Holding Corp. | 5,156,000 | 9,295,849 | |||
Toly Bread Co., Ltd., Class A | 102,220 | 439,019 | |||
TongFu Microelectronics Co., Ltd., Class A | 138,900 | 501,613 | |||
Tonghua Dongbao Pharmaceutical Co., Ltd., Class A | 214,500 | 367,619 | |||
Tongkun Group Co., Ltd., Class A | 147,509 | 593,396 | |||
Tongling Nonferrous Metals Group Co., Ltd., Class A | 1,091,500 | 621,980 | |||
Tongwei Co., Ltd., Class A | 209,300 | 1,405,353 |
The Emerging Markets Series
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* | Topchoice Medical Corp., Class A | 13,300 | $652,213 | ||
Topsec Technologies Group, Inc., Class A | 104,600 | 296,213 | |||
Topsports International Holdings, Ltd. | 136,000 | 189,794 | |||
Transfar Zhilian Co., Ltd., Class A | 287,626 | 316,502 | |||
TravelSky Technology, Ltd., Class H | 183,000 | 310,877 | |||
* | Trip.com Group, Ltd., ADR | 442,202 | 11,466,298 | ||
Tsingtao Brewery Co., Ltd., Class H | 844,000 | 6,670,761 | |||
Unigroup Guoxin Microelectronics Co., Ltd., Class A | 32,400 | 960,700 | |||
Unisplendour Corp., Ltd., Class A | 128,060 | 523,560 | |||
United Energy Group, Ltd. | 208,000 | 28,359 | |||
Universal Scientific Industrial Shanghai Co., Ltd., Class A | 136,400 | 290,445 | |||
* | Vipshop Holdings, Ltd., ADR | 640,602 | 10,653,211 | ||
Walvax Biotechnology Co., Ltd., Class A | 55,500 | 740,606 | |||
* | Wanda Film Holding Co., Ltd., Class A | 109,300 | 219,489 | ||
Wangfujing Group Co., Ltd., Class A | 72,700 | 291,126 | |||
Wanhua Chemical Group Co., Ltd., Class A | 203,200 | 3,593,681 | |||
Want Want China Holdings, Ltd. | 12,049,000 | 8,133,151 | |||
# * | Weibo Corp., Sponsored ADR | 113,478 | 6,400,159 | ||
Weichai Power Co., Ltd., Class H | 3,618,800 | 7,931,624 | |||
Weifu High-Technology Group Co., Ltd., Class A | 75,738 | 237,361 | |||
Weihai Guangwei Composites Co., Ltd., Class A | 31,129 | 329,815 | |||
Wens Foodstuffs Group Co., Ltd., Class A | 467,180 | 911,205 | |||
Western Securities Co., Ltd., Class A | 216,300 | 246,944 | |||
Western Superconducting Technologies Co., Ltd., Class A | 20,048 | 240,881 | |||
Wharf Holdings, Ltd. (The) | 251,000 | 851,681 | |||
Will Semiconductor Co., Ltd., Class A | 40,312 | 1,893,261 | |||
Wingtech Technology Co., Ltd., Class A | 30,100 | 511,043 | |||
Winning Health Technology Group Co., Ltd., Class A | 183,700 | 410,354 | |||
Wuchan Zhongda Group Co., Ltd., Class A | 615,250 | 559,033 | |||
Wuhan Guide Infrared Co., Ltd., Class A | 107,744 | 458,161 | |||
Wuhan Raycus Fiber Laser Technologies Co., Ltd., Class A | 16,100 | 264,265 | |||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 258,804 | 777,530 | |||
Wuhu Token Science Co., Ltd., Class A | 295,000 | 410,596 | |||
Wuliangye Yibin Co., Ltd., Class A | 206,506 | 7,086,581 | |||
WUS Printed Circuit Kunshan Co., Ltd., Class A | 287,430 | 589,523 | |||
WuXi AppTec Co., Ltd., Class H | 139,960 | 3,102,254 | |||
* | Wuxi Biologics Cayman, Inc. | 938,000 | 14,327,246 | ||
Wuxi Lead Intelligent Equipment Co., Ltd., Class A | 17,680 | 208,764 | |||
XCMG Construction Machinery Co., Ltd., Class A | 363,803 | 328,646 | |||
Xiamen C & D, Inc., Class A | 99,400 | 108,925 | |||
Xiamen Faratronic Co., Ltd., Class A | 21,400 | 594,566 | |||
Xiamen Intretech, Inc., Class A | 74,460 | 440,489 | |||
Xiamen Kingdomway Group Co., Class A | 76,838 | 409,438 | |||
Xiamen Tungsten Co., Ltd., Class A | 178,680 | 830,796 | |||
Xianhe Co., Ltd., Class A | 31,900 | 196,297 | |||
Xinfengming Group Co., Ltd., Class A | 126,443 | 376,477 | |||
Xinjiang Goldwind Science & Technology Co., Ltd., Class H | 780,759 | 1,467,078 | |||
Xinjiang Zhongtai Chemical Co., Ltd., Class A | 186,700 | 333,060 | |||
Xinyi Solar Holdings, Ltd. | 5,095,103 | 10,262,914 | |||
Yango Group Co., Ltd., Class A | 144,029 | 97,583 | |||
Yangzhou Yangjie Electronic Technology Co., Ltd., Class A | 34,900 | 316,052 | |||
Yantai Changyu Pioneer Wine Co., Ltd., Class A | 28,400 | 136,173 | |||
Yantai Eddie Precision Machinery Co., Ltd., Class A | 63,261 | 352,490 | |||
Yantai Jereh Oilfield Services Group Co., Ltd., Class A | 67,383 | 395,179 | |||
Yanzhou Coal Mining Co., Ltd., Class H | 4,920,000 | 7,314,137 | |||
Yealink Network Technology Corp., Ltd., Class A | 41,840 | 598,750 | |||
Yifan Pharmaceutical Co., Ltd., Class A | 39,500 | 83,534 | |||
Yifeng Pharmacy Chain Co., Ltd., Class A | 54,734 | 414,177 |
The Emerging Markets Series
CONTINUED
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CHINA — (Continued) | |||||
# | Yihai International Holding, Ltd. | 729,000 | $4,397,402 | ||
Yintai Gold Co., Ltd., Class A | 343,617 | 486,331 | |||
Yixintang Pharmaceutical Group Co., Ltd., Class A | 43,700 | 197,376 | |||
Yonghui Superstores Co., Ltd., Class A | 464,800 | 290,987 | |||
Yonyou Network Technology Co., Ltd., Class A | 83,500 | 464,224 | |||
Youngor Group Co., Ltd., Class A | 434,304 | 428,625 | |||
YTO Express Group Co., Ltd., Class A | 224,200 | 313,827 | |||
Yum China Holdings, Inc. | 543,135 | 33,777,566 | |||
Yunda Holding Co., Ltd., Class A | 306,390 | 620,070 | |||
* | Yunnan Aluminium Co., Ltd., Class A | 411,100 | 909,506 | ||
Yunnan Baiyao Group Co., Ltd., Class A | 25,800 | 396,329 | |||
Yunnan Copper Co., Ltd., Class A | 223,400 | 471,049 | |||
Yunnan Energy New Material Co., Ltd., Class A | 23,485 | 906,246 | |||
* | Yunnan Tin Co., Ltd., Class A | 179,800 | 489,174 | ||
Yutong Bus Co., Ltd., Class A | 219,309 | 386,244 | |||
* | Zai Lab, Ltd. | 6,600 | 926,679 | ||
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd., Class A | 25,050 | 1,425,153 | |||
Zhefu Holding Group Co., Ltd., Class A | 587,623 | 511,130 | |||
* | Zhejiang Century Huatong Group Co., Ltd., Class A | 458,400 | 396,929 | ||
Zhejiang China Commodities City Group Co., Ltd., Class A | 553,679 | 378,716 | |||
Zhejiang Chint Electrics Co., Ltd., Class A | 203,784 | 1,338,206 | |||
Zhejiang Dahua Technology Co., Ltd., Class A | 297,413 | 976,035 | |||
Zhejiang Dingli Machinery Co., Ltd., Class A | 52,170 | 454,484 | |||
Zhejiang Hailiang Co., Ltd., Class A | 14,200 | 25,035 | |||
Zhejiang HangKe Technology, Inc. Co., Class A | 17,887 | 341,698 | |||
Zhejiang Huahai Pharmaceutical Co., Ltd., Class A | 172,140 | 520,602 | |||
Zhejiang Huayou Cobalt Co., Ltd., Class A | 22,786 | 464,695 | |||
Zhejiang Jingsheng Mechanical & Electrical Co., Ltd., Class A | 73,200 | 725,058 | |||
Zhejiang Juhua Co., Ltd., Class A | 252,100 | 461,111 | |||
Zhejiang Longsheng Group Co., Ltd., Class A | 316,700 | 602,596 | |||
Zhejiang NHU Co., Ltd., Class A | 305,040 | 1,225,835 | |||
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A | 212,990 | 707,308 | |||
Zhejiang Satellite Petrochemical Co., Ltd., Class A | 155,120 | 876,135 | |||
Zhejiang Semir Garment Co., Ltd., Class A | 205,582 | 310,176 | |||
Zhejiang Supor Co., Ltd., Class A | 47,103 | 378,203 | |||
Zhejiang Weiming Environment Protection Co., Ltd., Class A | 153,893 | 662,947 | |||
Zhejiang Weixing New Building Materials Co., Ltd., Class A | 231,434 | 685,036 | |||
Zhejiang Wolwo Bio-Pharmaceutical Co., Ltd., Class A | 35,300 | 328,630 | |||
* | Zheshang Securities Co., Ltd., Class A | 270,063 | 464,944 | ||
# * | ZhongAn Online P&C Insurance Co., Ltd., Class H | 442,100 | 2,400,378 | ||
Zhongji Innolight Co., Ltd., Class A | 55,527 | 367,603 | |||
Zhongjin Gold Corp., Ltd., Class A | 370,400 | 471,392 | |||
Zhongsheng Group Holdings, Ltd. | 1,153,000 | 10,626,322 | |||
* | Zhongtian Financial Group Co., Ltd., Class A | 728,200 | 245,267 | ||
Zhuzhou Hongda Electronics Corp., Ltd., Class A | 33,500 | 398,878 | |||
Zhuzhou Kibing Group Co., Ltd., Class A | 352,001 | 1,136,478 | |||
Zibo Qixiang Tengda Chemical Co., Ltd., Class A | 133,700 | 247,387 | |||
Zijin Mining Group Co., Ltd., Class H | 7,293,000 | 10,342,872 | |||
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H | 2,303,000 | 1,983,495 | |||
ZTE Corp., Class H | 1,033,085 | 3,690,984 | |||
ZTO Express Cayman, Inc., ADR | 493,191 | 13,345,748 | |||
TOTAL CHINA | 1,958,884,952 | ||||
COLOMBIA — (0.2%) | |||||
Banco de Bogota SA | 48,359 | 851,582 | |||
Bancolombia SA, Sponsored ADR | 58,709 | 1,670,271 | |||
Bancolombia SA | 119,772 | 836,983 | |||
* | Corp. Financiera Colombiana SA | 2,492 | 18,815 | ||
Ecopetrol SA, Sponsored ADR | 3,573 | 48,271 |
The Emerging Markets Series
CONTINUED
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COLOMBIA — (Continued) | |||||
Ecopetrol SA | 2,348,250 | $1,594,364 | |||
Grupo Argos SA | 383,393 | 997,534 | |||
Grupo Aval Acciones y Valores SA, ADR | 42,012 | 219,303 | |||
Grupo de Inversiones Suramericana SA | 276,061 | 1,231,525 | |||
Grupo Energia Bogota SA ESP | 561,229 | 366,000 | |||
Grupo Nutresa SA | 173,509 | 926,157 | |||
Interconexion Electrica SA ESP | 304,471 | 1,713,140 | |||
TOTAL COLOMBIA | 10,473,945 | ||||
CZECH REPUBLIC — (0.1%) | |||||
CEZ A.S. | 157,726 | 4,375,349 | |||
* | Komercni banka A.S. | 47,553 | 1,765,201 | ||
* | Moneta Money Bank A.S. | 125,426 | 509,403 | ||
O2 Czech Republic A.S. | 68,074 | 830,990 | |||
TOTAL CZECH REPUBLIC | 7,480,943 | ||||
EGYPT — (0.1%) | |||||
* | Commercial International Bank Egypt S.A.E., GDR | 1,043,040 | 3,789,707 | ||
* | Commercial International Bank Egypt S.A.E., GDR | 770 | 2,795 | ||
TOTAL EGYPT | 3,792,502 | ||||
GREECE — (0.2%) | |||||
* | Alpha Services and Holdings SA | 1,006,149 | 1,299,307 | ||
* | Eurobank Ergasias Services and Holdings SA, Class A | 1,750,117 | 1,649,525 | ||
* | FF Group | 12,618 | 13,471 | ||
* | GEK Terna Holding Real Estate Construction SA | 2,884 | 32,563 | ||
Hellenic Petroleum SA | 33,695 | 230,565 | |||
Hellenic Telecommunications Organization SA | 192,492 | 3,512,654 | |||
JUMBO SA | 55,660 | 884,267 | |||
* | LAMDA Development SA | 7,667 | 76,627 | ||
* | Motor Oil Hellas Corinth Refineries SA | 50,235 | 807,366 | ||
Mytilineos SA | 69,520 | 1,289,503 | |||
* | National Bank of Greece SA | 392,915 | 1,112,590 | ||
OPAP SA | 267,694 | 3,866,791 | |||
* | Public Power Corp. SA | 4,505 | 48,361 | ||
Terna Energy SA | 49,394 | 663,787 | |||
TOTAL GREECE | 15,487,377 | ||||
HUNGARY — (0.3%) | |||||
* | MOL Hungarian Oil & Gas P.L.C. | 1,087,055 | 8,660,368 | ||
* | OTP Bank Nyrt | 191,909 | 10,348,864 | ||
Richter Gedeon Nyrt | 77,095 | 2,115,154 | |||
TOTAL HUNGARY | 21,124,386 | ||||
INDIA — (11.8%) | |||||
* | 3M India, Ltd. | 660 | 218,337 | ||
Aarti Industries, Ltd. | 103,047 | 1,301,362 | |||
ABB India, Ltd. | 13,696 | 312,268 | |||
ABB Power Products & System India, Ltd. | 8,507 | 221,479 | |||
ACC, Ltd. | 91,975 | 2,965,536 | |||
Adani Enterprises, Ltd. | 188,431 | 3,614,062 | |||
* | Adani Green Energy, Ltd. | 235,259 | 2,770,102 | ||
Adani Ports & Special Economic Zone, Ltd. | 899,022 | 8,175,450 | |||
* | Adani Power, Ltd. | 1,288,677 | 1,664,810 | ||
Adani Total Gas, Ltd. | 63,181 | 769,791 | |||
* | Adani Transmission, Ltd. | 344,261 | 4,113,559 |
The Emerging Markets Series
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INDIA — (Continued) | |||||
* | Aditya Birla Capital, Ltd. | 391,081 | $611,008 | ||
Alkem Laboratories, Ltd. | 9,837 | 458,006 | |||
Ambuja Cements, Ltd. | 746,781 | 4,142,815 | |||
Apollo Hospitals Enterprise, Ltd. | 102,603 | 5,565,704 | |||
* | Ashok Leyland, Ltd. | 1,507,335 | 2,691,539 | ||
Asian Paints, Ltd. | 247,184 | 9,826,564 | |||
Astral, Ltd. | 24,630 | 687,030 | |||
Atul, Ltd. | 307 | 37,264 | |||
* | AU Small Finance Bank, Ltd. | 71,979 | 1,174,479 | ||
Aurobindo Pharma, Ltd. | 674,208 | 8,328,508 | |||
* | Avenue Supermarts, Ltd. | 44,230 | 2,083,187 | ||
* | Axis Bank, Ltd. | 980,033 | 9,364,606 | ||
Bajaj Auto, Ltd. | 59,958 | 3,100,998 | |||
Bajaj Finance, Ltd. | 126,843 | 10,655,339 | |||
Bajaj Finserv, Ltd. | 22,909 | 4,397,242 | |||
Bajaj Holdings & Investment, Ltd. | 61,208 | 3,306,848 | |||
Balkrishna Industries, Ltd. | 140,951 | 4,517,754 | |||
* | Bank of Baroda | 1,032,703 | 1,118,768 | ||
* | Bank of India | 62,779 | 63,383 | ||
Berger Paints India, Ltd. | 230,056 | 2,614,730 | |||
Bharat Electronics, Ltd. | 1,642,154 | 4,076,404 | |||
Bharat Forge, Ltd. | 69,706 | 726,018 | |||
Bharat Petroleum Corp., Ltd. | 443,021 | 2,659,570 | |||
Bharti Airtel, Ltd. | 1,298,564 | 9,876,806 | |||
* | Biocon, Ltd. | 359,735 | 1,871,082 | ||
Bosch, Ltd. | 4,182 | 840,911 | |||
Britannia Industries, Ltd. | 48,194 | 2,221,689 | |||
Cadila Healthcare, Ltd. | 307,147 | 2,423,546 | |||
Cholamandalam Investment and Finance Co., Ltd. | 687,891 | 4,398,317 | |||
* | Cipla, Ltd. | 491,113 | 6,080,618 | ||
Coal India, Ltd. | 765,174 | 1,483,236 | |||
Coforge, Ltd. | 2,072 | 141,763 | |||
Colgate-Palmolive India, Ltd. | 109,696 | 2,512,704 | |||
Container Corp. Of India, Ltd. | 179,866 | 1,560,307 | |||
Crompton Greaves Consumer Electricals, Ltd. | 40,067 | 261,204 | |||
Dabur India, Ltd. | 350,280 | 2,835,374 | |||
* | Dalmia Bharat, Ltd. | 15,615 | 449,806 | ||
* | Divi's Laboratories, Ltd. | 61,792 | 4,066,061 | ||
DLF, Ltd. | 488,233 | 2,219,619 | |||
Dr Reddy's Laboratories, Ltd., ADR | 93,324 | 5,837,416 | |||
Edelweiss Financial Services, Ltd. | 37,563 | 46,483 | |||
* | Eicher Motors, Ltd. | 171,177 | 5,832,820 | ||
GAIL India, Ltd. | 1,409,041 | 2,653,792 | |||
GAIL India, Ltd., GDR | 102,369 | 1,147,025 | |||
* | General Insurance Corp. of India | 93,758 | 227,747 | ||
Gillette India, Ltd. | 622 | 50,145 | |||
GlaxoSmithKline Pharmaceuticals, Ltd. | 32,553 | 705,037 | |||
* | Godrej Consumer Products, Ltd. | 373,519 | 4,984,449 | ||
* | Godrej Properties, Ltd. | 54,428 | 1,178,670 | ||
Grasim Industries, Ltd. | 307,627 | 6,446,840 | |||
Gujarat Gas, Ltd. | 123,537 | 1,193,754 | |||
Havells India, Ltd. | 282,245 | 4,454,549 | |||
HCL Technologies, Ltd. | 993,527 | 13,664,620 | |||
HDFC Asset Management Co., Ltd. | 33,830 | 1,300,513 | |||
HDFC Bank, Ltd. | 2,163,503 | 41,592,527 | |||
HDFC Life Insurance Co., Ltd. | 162,456 | 1,452,565 | |||
* | Hemisphere Properties India, Ltd. | 109,030 | 209,292 | ||
Hero MotoCorp, Ltd. | 131,435 | 4,901,944 | |||
Hindalco Industries, Ltd. | 2,042,830 | 12,321,880 |
The Emerging Markets Series
CONTINUED
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INDIA — (Continued) | |||||
Hindustan Aeronautics, Ltd. | 37,951 | $569,869 | |||
Hindustan Petroleum Corp., Ltd. | 689,862 | 2,427,696 | |||
Hindustan Unilever, Ltd. | 531,688 | 16,748,753 | |||
Honeywell Automation India, Ltd. | 1,196 | 686,971 | |||
Housing Development Finance Corp., Ltd. | 698,168 | 22,996,607 | |||
ICICI Bank, Ltd., Sponsored ADR | 509,342 | 9,468,659 | |||
ICICI Bank, Ltd. | 1,350,422 | 12,417,136 | |||
ICICI Lombard General Insurance Co., Ltd. | 97,101 | 1,929,689 | |||
ICICI Prudential Life Insurance Co., Ltd. | 209,896 | 1,784,461 | |||
* | IDFC First Bank, Ltd. | 2,392,328 | 1,674,303 | ||
IIFL Securities, Ltd. | 120,008 | 181,832 | |||
IIFL Wealth Management, Ltd. | 12,330 | 230,076 | |||
Indian Oil Corp., Ltd. | 1,007,045 | 1,400,440 | |||
* | Indian Overseas Bank | 1,194,939 | 395,300 | ||
Indian Railway Catering & Tourism Corp., Ltd. | 76,290 | 2,397,697 | |||
Indraprastha Gas, Ltd. | 285,841 | 2,152,654 | |||
Indus Towers, Ltd. | 781,444 | 2,346,284 | |||
* | IndusInd Bank, Ltd. | 173,449 | 2,295,240 | ||
Info Edge India, Ltd. | 30,100 | 2,109,221 | |||
Infosys, Ltd., Sponsored ADR | 859,642 | 19,015,281 | |||
Infosys, Ltd. | 1,828,393 | 39,878,736 | |||
* | InterGlobe Aviation, Ltd. | 20,423 | 452,895 | ||
Ipca Laboratories, Ltd. | 1,993 | 55,938 | |||
ITC, Ltd. | 2,222,643 | 6,131,448 | |||
JSW Energy, Ltd. | 138,349 | 470,785 | |||
JSW Steel, Ltd. | 1,561,049 | 15,496,997 | |||
* | Jubilant Foodworks, Ltd. | 119,239 | 6,060,382 | ||
Kansai Nerolac Paints, Ltd. | 142,647 | 1,203,250 | |||
* | Kotak Mahindra Bank, Ltd. | 429,286 | 9,581,949 | ||
L&T Technology Services, Ltd. | 15,322 | 767,162 | |||
Larsen & Toubro Infotech, Ltd. | 53,758 | 3,398,631 | |||
Larsen & Toubro, Ltd. | 397,697 | 8,584,283 | |||
Laurus Labs, Ltd. | 47,815 | 416,474 | |||
Lupin, Ltd. | 303,782 | 4,537,136 | |||
Mahindra & Mahindra Financial Services, Ltd. | 824,075 | 1,678,490 | |||
Mahindra & Mahindra, Ltd. | 796,820 | 7,993,676 | |||
Marico, Ltd. | 599,333 | 4,411,741 | |||
Maruti Suzuki India, Ltd. | 41,576 | 3,915,473 | |||
* | Max Financial Services, Ltd. | 81,343 | 1,226,435 | ||
* | Max Healthcare Institute, Ltd. | 38,474 | 154,594 | ||
Mindtree, Ltd. | 14,939 | 575,040 | |||
* | Motherson Sumi Systems, Ltd. | 1,362,007 | 4,299,004 | ||
Mphasis, Ltd. | 146,876 | 5,157,284 | |||
MRF, Ltd. | 2,282 | 2,460,166 | |||
Muthoot Finance, Ltd. | 250,082 | 5,229,918 | |||
Nestle India, Ltd. | 20,232 | 4,826,544 | |||
NMDC, Ltd. | 766,642 | 1,872,882 | |||
NTPC, Ltd. | 1,326,136 | 2,123,384 | |||
Oil & Natural Gas Corp., Ltd. | 877,425 | 1,365,023 | |||
Oracle Financial Services Software, Ltd. | 30,804 | 1,786,808 | |||
Page Industries, Ltd. | 7,882 | 3,338,114 | |||
Petronet LNG, Ltd. | 1,656,399 | 4,887,987 | |||
PI Industries, Ltd. | 35,797 | 1,422,670 | |||
Pidilite Industries, Ltd. | 97,732 | 3,005,424 | |||
Piramal Enterprises, Ltd. | 110,791 | 3,466,807 | |||
Power Finance Corp., Ltd. | 1,776,112 | 3,107,674 | |||
Power Grid Corp. of India, Ltd. | 1,217,059 | 2,801,900 | |||
Power Grid Corporation of India, Ltd. | 405,686 | 932,236 | |||
Procter & Gamble Hygiene & Health Care, Ltd. | 11,092 | 1,892,761 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
INDIA — (Continued) | |||||
* | Punjab National Bank | 1,870,219 | $991,279 | ||
Rajesh Exports, Ltd. | 5,006 | 41,719 | |||
REC, Ltd. | 1,204,721 | 2,470,421 | |||
* | Relaxo Footwears, Ltd. | 6,542 | 101,017 | ||
Reliance Industries, Ltd. | 1,582,634 | 43,419,511 | |||
SBI Life Insurance Co., Ltd. | 170,483 | 2,550,938 | |||
Shree Cement, Ltd. | 10,117 | 3,848,299 | |||
Shriram Transport Finance Co., Ltd. | 237,351 | 4,474,139 | |||
Siemens, Ltd. | 32,174 | 844,169 | |||
SRF, Ltd. | 27,117 | 3,160,296 | |||
State Bank of India | 805,561 | 4,687,567 | |||
State Bank of India, GDR | 3,115 | 180,982 | |||
Steel Authority of India, Ltd. | 1,398,626 | 2,675,708 | |||
Sun Pharmaceutical Industries, Ltd. | 692,233 | 7,204,127 | |||
Sundaram Finance Holdings, Ltd. | 40,687 | 44,084 | |||
Sundaram Finance, Ltd. | 3,609 | 125,497 | |||
Supreme Industries, Ltd. | 8,148 | 230,067 | |||
Tata Communications, Ltd. | 81,426 | 1,583,741 | |||
Tata Consultancy Services, Ltd. | 744,744 | 31,753,675 | |||
Tata Consumer Products, Ltd. | 521,576 | 5,297,536 | |||
* | Tata Motors, Ltd. | 2,234,196 | 8,861,296 | ||
Tata Power Co., Ltd. (The) | 1,032,165 | 1,739,780 | |||
Tata Steel, Ltd. | 591,226 | 11,426,073 | |||
Tech Mahindra, Ltd. | 686,552 | 11,159,520 | |||
Titan Co., Ltd. | 230,712 | 5,345,342 | |||
Torrent Pharmaceuticals, Ltd. | 86,130 | 3,562,016 | |||
Trent, Ltd. | 23,678 | 295,524 | |||
TVS Motor Co., Ltd. | 90,415 | 708,212 | |||
UltraTech Cement, Ltd. | 60,127 | 6,173,796 | |||
United Breweries, Ltd. | 38,842 | 745,684 | |||
* | United Spirits, Ltd. | 243,121 | 2,101,593 | ||
UPL, Ltd. | 1,301,255 | 14,114,341 | |||
Varun Beverages, Ltd. | 66,564 | 678,295 | |||
Vedanta, Ltd. | 98,613 | 400,671 | |||
Voltas, Ltd. | 102,827 | 1,467,051 | |||
Whirlpool of India, Ltd. | 27,842 | 822,710 | |||
Wipro, Ltd. | 1,745,940 | 13,774,593 | |||
TOTAL INDIA | 735,037,170 | ||||
INDONESIA — (1.4%) | |||||
Ace Hardware Indonesia Tbk PT | 3,968,900 | 362,557 | |||
Adaro Energy Tbk PT | 20,136,900 | 1,859,718 | |||
Aneka Tambang Tbk | 12,848,600 | 2,239,023 | |||
Astra International Tbk PT | 12,440,210 | 4,061,895 | |||
Bank Central Asia Tbk PT | 5,656,500 | 11,677,035 | |||
Bank Danamon Indonesia Tbk PT | 2,577,379 | 384,888 | |||
* | Bank Ina Perdana PT | 161,200 | 58,049 | ||
* | Bank Jago Tbk PT | 1,353,400 | 1,679,590 | ||
Bank Mandiri Persero Tbk PT | 7,253,734 | 2,858,161 | |||
Bank Negara Indonesia Persero Tbk PT | 7,451,622 | 2,460,973 | |||
* | Bank Rakyat Indonesia Agroniaga Tbk PT | 1,161,800 | 200,808 | ||
Bank Rakyat Indonesia Persero Tbk PT | 33,990,900 | 8,720,239 | |||
* | Bank Syariah Indonesia Tbk PT | 576,100 | 104,824 | ||
Barito Pacific Tbk PT | 27,289,100 | 1,831,087 | |||
Charoen Pokphand Indonesia Tbk PT | 6,253,300 | 2,649,561 | |||
* | Elang Mahkota Teknologi Tbk PT | 5,055,800 | 961,187 | ||
Gudang Garam Tbk PT | 1,058,400 | 2,402,950 | |||
Indah Kiat Pulp & Paper Corp. Tbk PT | 5,160,600 | 2,425,730 | |||
Indocement Tunggal Prakarsa Tbk PT | 1,528,000 | 930,352 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
INDONESIA — (Continued) | |||||
Indofood CBP Sukses Makmur Tbk PT | 2,659,100 | $1,493,001 | |||
Indofood Sukses Makmur Tbk PT | 9,450,900 | 3,972,655 | |||
* | Indosat Tbk PT | 295,800 | 120,724 | ||
Jasa Marga Persero Tbk PT | 653,413 | 178,100 | |||
Kalbe Farma Tbk PT | 27,329,200 | 2,381,869 | |||
Mayora Indah Tbk PT | 8,480,625 | 1,289,182 | |||
* | Merdeka Copper Gold Tbk PT | 6,349,000 | 1,299,193 | ||
Mitra Keluarga Karyasehat Tbk PT | 4,366,400 | 782,174 | |||
* | Perusahaan Gas Negara Tbk PT | 9,214,200 | 621,496 | ||
Sarana Menara Nusantara Tbk PT | 38,313,400 | 3,881,062 | |||
Semen Indonesia Persero Tbk PT | 3,792,200 | 2,020,882 | |||
Sinar Mas Agro Resources & Technology Tbk PT | 1,035,700 | 286,850 | |||
* | Smartfren Telecom Tbk PT | 99,673,700 | 1,033,218 | ||
Sumber Alfaria Trijaya Tbk PT | 5,502,200 | 513,430 | |||
* | Surya Citra Media Tbk PT | 1,434,200 | 228,160 | ||
Telkom Indonesia Persero Tbk PT | 30,404,600 | 6,815,463 | |||
Telkom Indonesia Persero Tbk PT, Sponsored ADR | 5,768 | 128,915 | |||
Tower Bersama Infrastructure Tbk PT | 7,228,700 | 1,605,596 | |||
Transcoal Pacific Tbk PT | 477,300 | 299,522 | |||
Unilever Indonesia Tbk PT | 6,371,200 | 1,860,936 | |||
United Tractors Tbk PT | 4,243,896 | 5,742,080 | |||
Vale Indonesia Tbk PT | 3,777,300 | 1,436,715 | |||
XL Axiata Tbk PT | 490,400 | 91,293 | |||
TOTAL INDONESIA | 85,951,143 | ||||
MALAYSIA — (1.4%) | |||||
AMMB Holdings Bhd | 1,936,759 | 1,307,915 | |||
Astro Malaysia Holdings Bhd | 334,000 | 83,099 | |||
Axiata Group Bhd | 2,553,932 | 2,258,087 | |||
Batu Kawan Bhd | 105,400 | 487,030 | |||
BIMB Holdings Bhd | 1,229,655 | 1,092,009 | |||
Bursa Malaysia Bhd | 46,400 | 83,620 | |||
Carlsberg Brewery Malaysia Bhd, Class B | 122,900 | 617,846 | |||
# | CIMB Group Holdings Bhd | 2,555,908 | 2,693,427 | ||
# | D&O Green Technologies Bhd | 106,600 | 133,966 | ||
# | Dialog Group Bhd | 2,614,118 | 1,703,356 | ||
# | DiGi.Com Bhd | 2,462,220 | 2,422,825 | ||
# | Fraser & Neave Holdings Bhd | 226,900 | 1,334,062 | ||
* | Gamuda Bhd | 1,846,546 | 1,225,388 | ||
# | Genting Bhd | 1,577,000 | 1,759,502 | ||
Genting Malaysia Bhd | 1,884,500 | 1,231,466 | |||
Genting Plantations Bhd | 266,300 | 416,416 | |||
* | Greatech Technology Bhd | 29,700 | 45,185 | ||
# | HAP Seng Consolidated Bhd | 880,200 | 1,606,457 | ||
# | Hartalega Holdings Bhd | 1,326,500 | 2,213,356 | ||
# | Heineken Malaysia Bhd | 123,100 | 654,125 | ||
# | Hong Leong Bank Bhd | 259,166 | 1,105,686 | ||
# | Hong Leong Financial Group Bhd | 485,283 | 1,980,980 | ||
IHH Healthcare Bhd | 491,400 | 656,899 | |||
IJM Corp. Bhd | 169,500 | 74,327 | |||
Inari Amertron Bhd | 1,981,700 | 1,565,022 | |||
IOI Corp. Bhd | 1,510,105 | 1,306,030 | |||
# | IOI Properties Group Bhd | 1,414,929 | 379,205 | ||
# | Kossan Rubber Industries | 1,322,300 | 1,084,251 | ||
# | Kuala Lumpur Kepong Bhd | 283,546 | 1,244,402 | ||
Lotte Chemical Titan Holding Bhd | 37,100 | 23,033 | |||
Malayan Banking Bhd | 2,636,780 | 5,006,390 | |||
# * | Malaysia Airports Holdings Bhd | 1,131,541 | 1,550,409 | ||
Malaysian Pacific Industries Bhd | 9,700 | 102,295 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
MALAYSIA — (Continued) | |||||
# | Maxis Bhd | 1,980,300 | $1,999,652 | ||
MISC Bhd | 629,598 | 999,771 | |||
My EG Services Bhd | 271,700 | 106,908 | |||
Nestle Malaysia Bhd | 45,500 | 1,433,683 | |||
# | Petronas Chemicals Group Bhd | 1,169,500 | 2,228,249 | ||
# | Petronas Dagangan Bhd | 284,600 | 1,240,745 | ||
# | Petronas Gas Bhd | 494,400 | 1,786,145 | ||
# | PPB Group Bhd | 668,280 | 2,865,184 | ||
Press Metal Aluminium Holdings Bhd | 2,056,400 | 2,349,033 | |||
# | Public Bank Bhd | 13,515,470 | 12,750,475 | ||
QL Resources Bhd | 1,469,385 | 1,967,757 | |||
RHB Bank Bhd | 2,185,355 | 2,647,142 | |||
Scientex Bhd | 19,200 | 19,026 | |||
Sime Darby Bhd | 6,056,261 | 3,085,625 | |||
# | Sime Darby Plantation Bhd | 1,173,621 | 945,339 | ||
# | Sunway Bhd | 1,939,582 | 782,143 | ||
# | Supermax Corp. Bhd | 1,571,900 | 1,218,169 | ||
Telekom Malaysia Bhd | 713,264 | 1,004,011 | |||
Tenaga Nasional Bhd | 1,393,250 | 3,182,758 | |||
TIME dotCom Bhd | 127,100 | 433,675 | |||
# | Top Glove Corp. Bhd | 3,681,900 | 3,467,791 | ||
Unisem M Bhd | 15,600 | 30,869 | |||
United Plantations Bhd | 52,700 | 169,684 | |||
# | UWC BHD | 74,900 | 102,014 | ||
Westports Holdings Bhd | 1,190,000 | 1,145,086 | |||
Yinson Holdings Bhd | 207,900 | 235,564 | |||
* | YTL Corp. Bhd | 9,035,212 | 1,338,669 | ||
TOTAL MALAYSIA | 88,983,233 | ||||
MEXICO — (2.1%) | |||||
# | Alfa S.A.B. de C.V., Class A | 8,597,258 | 6,504,224 | ||
# | America Movil S.A.B. de C.V. | 23,862,904 | 19,959,427 | ||
America Movil S.A.B. de C.V., Sponsored ADR, Class L | 109,448 | 1,822,309 | |||
Arca Continental S.A.B. de C.V. | 368,914 | 2,251,522 | |||
Becle S.A.B. de C.V. | 199,974 | 498,070 | |||
* | Cemex S.A.B. de C.V. | 11,583,198 | 9,426,578 | ||
Coca-Cola Femsa S.A.B. de C.V., Sponsored ADR | 12,435 | 703,448 | |||
# | Coca-Cola Femsa S.A.B. de C.V. | 415,925 | 2,350,597 | ||
* | Controladora Nemak SAB de C.V. | 3,805,410 | 611,733 | ||
# | El Puerto de Liverpool S.A.B. de C.V., Class C1 | 89,602 | 424,463 | ||
# | Fomento Economico Mexicano S.A.B. de C.V. | 626,408 | 5,459,996 | ||
# | Gruma S.A.B. de C.V., Class B | 343,018 | 3,698,262 | ||
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B | 157,571 | 1,802,474 | |||
* | Grupo Aeroportuario del Sureste S.A.B. de C.V., ADR | 8,201 | 1,486,185 | ||
# | Grupo Bimbo S.A.B. de C.V., Class A | 2,319,866 | 5,328,190 | ||
Grupo Carso S.A.B. de C.V. | 684,454 | 2,219,135 | |||
# | Grupo Elektra S.A.B. de C.V. | 72,272 | 5,862,795 | ||
Grupo Financiero Banorte S.A.B. de C.V., Class O | 1,743,259 | 11,277,709 | |||
* | Grupo Financiero Inbursa S.A.B. de C.V., Class O | 2,288,840 | 2,204,185 | ||
# | Grupo Mexico S.A.B. de C.V., Class B | 2,734,986 | 12,527,524 | ||
* | Grupo Qumma S.A. de C.V., Class B | 1,591 | 0 | ||
Grupo Televisa S.A.B., Sponsored ADR | 158,178 | 2,143,312 | |||
# | Grupo Televisa S.A.B. | 3,517,671 | 9,530,072 | ||
* | Industrias Penoles S.A.B. de C.V. | 216,120 | 3,029,724 | ||
# | Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 2,094,592 | 3,396,593 | ||
Orbia Advance Corp. S.A.B. de C.V. | 2,642,685 | 7,202,043 | |||
* | Organizacion Soriana S.A.B. de C.V., Class B | 685,244 | 654,392 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
MEXICO — (Continued) | |||||
# | Wal-Mart de Mexico S.A.B. de C.V. | 3,301,153 | $10,875,459 | ||
TOTAL MEXICO | 133,250,421 | ||||
PERU — (0.1%) | |||||
* | Aenza SAA, Sponsored ADR | 51,490 | 89,592 | ||
Cementos Pacasmayo SAA, ADR | 16,821 | 103,956 | |||
* | Cia de Minas Buenaventura SAA, ADR | 97,880 | 808,489 | ||
* | Credicorp, Ltd. | 42,684 | 4,309,377 | ||
TOTAL PERU | 5,311,414 | ||||
PHILIPPINES — (0.7%) | |||||
Aboitiz Equity Ventures, Inc. | 1,202,270 | 904,264 | |||
Aboitiz Power Corp. | 1,440,600 | 669,013 | |||
AC Energy Corp. | 2,331,900 | 374,517 | |||
Alliance Global Group, Inc. | 401,700 | 81,707 | |||
Ayala Corp. | 114,302 | 1,669,727 | |||
Ayala Land, Inc. | 4,035,318 | 2,643,583 | |||
Bank of the Philippine Islands | 1,398,632 | 2,255,424 | |||
BDO Unibank, Inc. | 1,553,962 | 3,172,889 | |||
Emperador, Inc. | 2,224,300 | 621,884 | |||
* | Fwbc Holdings, Inc. | 2,006,957 | 0 | ||
Globe Telecom, Inc. | 34,945 | 1,301,013 | |||
GT Capital Holdings, Inc. | 30,716 | 334,159 | |||
International Container Terminal Services, Inc. | 866,470 | 2,695,371 | |||
JG Summit Holdings, Inc. | 3,076,929 | 3,448,029 | |||
Jollibee Foods Corp. | 332,420 | 1,263,483 | |||
LT Group, Inc. | 2,961,100 | 579,283 | |||
Manila Electric Co. | 142,650 | 757,247 | |||
Megaworld Corp. | 1,375,000 | 76,368 | |||
Metro Pacific Investments Corp. | 5,221,700 | 365,612 | |||
Metropolitan Bank & Trust Co. | 2,206,018 | 1,897,629 | |||
# | PLDT, Inc., Sponsored ADR | 66,259 | 1,622,020 | ||
PLDT, Inc. | 110,225 | 2,704,343 | |||
Puregold Price Club, Inc. | 416,100 | 335,770 | |||
Robinsons Land Corp. | 1,501,982 | 484,057 | |||
San Miguel Corp. | 1,376,670 | 2,864,874 | |||
San Miguel Food and Beverage, Inc. | 48,780 | 81,461 | |||
SM Investments Corp. | 112,003 | 2,042,005 | |||
SM Prime Holdings, Inc. | 6,805,310 | 4,286,008 | |||
Universal Robina Corp. | 719,440 | 1,824,423 | |||
TOTAL PHILIPPINES | 41,356,163 | ||||
POLAND — (0.8%) | |||||
* | AmRest Holdings SE | 27,910 | 190,008 | ||
Asseco Poland SA | 13,849 | 288,241 | |||
* | Bank Handlowy w Warszawie SA | 9,313 | 109,386 | ||
* | Bank Polska Kasa Opieki SA | 157,544 | 3,847,754 | ||
Budimex SA | 1,611 | 122,115 | |||
* | CCC SA | 1,733 | 54,697 | ||
# | CD Projekt SA | 46,198 | 2,224,650 | ||
Cyfrowy Polsat SA | 272,683 | 2,418,858 | |||
* | Dino Polska SA | 42,342 | 3,389,821 | ||
Grupa Kety SA | 673 | 121,335 | |||
Grupa Lotos SA | 98,791 | 1,361,494 | |||
* | ING Bank Slaski SA | 26,515 | 1,313,980 | ||
KGHM Polska Miedz SA | 115,577 | 5,835,585 | |||
LPP SA | 1,488 | 5,352,147 | |||
* | mBank SA | 19,949 | 1,660,228 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
POLAND — (Continued) | |||||
* | Orange Polska SA | 883,632 | $1,755,189 | ||
* | PGE Polska Grupa Energetyczna SA | 1,218,669 | 2,741,805 | ||
Polski Koncern Naftowy Orlen SA | 336,247 | 6,370,038 | |||
Polskie Gornictwo Naftowe i Gazownictwo SA | 1,110,257 | 1,811,469 | |||
* | Powszechna Kasa Oszczednosci Bank Polski SA | 363,814 | 3,573,573 | ||
* | Powszechny Zaklad Ubezpieczen SA | 282,261 | 2,752,576 | ||
* | Santander Bank Polska SA | 18,263 | 1,215,653 | ||
TOTAL POLAND | 48,510,602 | ||||
QATAR — (0.5%) | |||||
Commercial Bank PSQC (The) | 585,234 | 885,284 | |||
Industries Qatar QSC | 464,511 | 1,704,471 | |||
Masraf Al Rayan QSC | 1,681,242 | 1,997,022 | |||
Mesaieed Petrochemical Holding Co. | 2,674,998 | 1,405,776 | |||
Ooredoo QPSC | 1,133,882 | 2,204,803 | |||
Qatar Electricity & Water Co. QSC | 348,565 | 1,583,159 | |||
Qatar Fuel QSC | 261,659 | 1,289,596 | |||
Qatar Gas Transport Co., Ltd. | 2,993,521 | 2,492,038 | |||
Qatar International Islamic Bank QSC | 87,883 | 222,284 | |||
Qatar Islamic Bank SAQ | 1,006,602 | 4,757,480 | |||
Qatar National Bank QPSC | 2,466,222 | 12,308,159 | |||
TOTAL QATAR | 30,850,072 | ||||
RUSSIA — (1.2%) | |||||
Gazprom PJSC, Sponsored ADR | 982,159 | 7,643,650 | |||
Gazprom PJSC, Sponsored ADR | 87,087 | 679,279 | |||
Lukoil PJSC, Sponsored ADR | 128,002 | 10,967,950 | |||
Magnitogorsk Iron & Steel Works PJSC, GDR | 177,006 | 2,177,354 | |||
* | Mail.Ru Group, Ltd., GDR | 26,729 | 554,360 | ||
MMC Norilsk Nickel PJSC, ADR | 1,184 | 40,848 | |||
MMC Norilsk Nickel PJSC, ADR | 254,260 | 8,795,837 | |||
Mobile TeleSystems PJSC, Sponsored ADR | 364,233 | 3,128,762 | |||
Novatek PJSC, GDR | 7,446 | 1,656,936 | |||
Novolipetsk Steel PJSC, GDR | 44,257 | 1,552,700 | |||
Novolipetsk Steel PJSC, GDR | 113 | 3,964 | |||
PhosAgro PJSC, GDR | 83,207 | 1,583,291 | |||
PhosAgro PJSC, GDR | 2,148 | 40,876 | |||
Polyus PJSC, GDR | 18,709 | 1,801,677 | |||
Polyus PJSC, GDR | 1,468 | 141,510 | |||
Rosneft Oil Co. PJSC, GDR | 1,571 | 11,559 | |||
Rosneft Oil Co. PJSC, GDR | 295,226 | 2,172,106 | |||
Rostelecom PJSC, Sponsored ADR | 9,232 | 72,240 | |||
Rostelecom PJSC, Sponsored ADR | 78,867 | 618,620 | |||
RusHydro PJSC, ADR | 6,421 | 6,935 | |||
RusHydro PJSC, ADR | 843,247 | 903,903 | |||
Sberbank of Russia PJSC, Sponsored ADR | 998,144 | 16,610,604 | |||
Severstal PAO, GDR | 67,765 | 1,667,706 | |||
Severstal PAO, GDR | 110 | 2,706 | |||
Tatneft PJSC, Sponsored ADR | 88,661 | 3,534,278 | |||
Tatneft PJSC, Sponsored ADR | 2,591 | 103,394 | |||
VTB Bank PJSC, GDR | 1,358,280 | 1,771,004 | |||
VTB Bank PJSC, GDR | 556,049 | 726,200 | |||
X5 Retail Group NV, GDR | 81,764 | 2,647,518 | |||
TOTAL RUSSIA | 71,617,767 | ||||
SAUDI ARABIA — (3.1%) | |||||
Abdullah Al Othaim Markets Co. | 53,471 | 1,682,536 | |||
Advanced Petrochemical Co. | 173,498 | 3,432,175 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SAUDI ARABIA — (Continued) | |||||
Al Rajhi Bank | 758,186 | $22,431,116 | |||
Alinma Bank | 1,293,076 | 7,482,879 | |||
Almarai Co. JSC | 333,554 | 5,232,641 | |||
Arab National Bank | 393,766 | 2,360,180 | |||
Arabian Centres Co., Ltd. | 120,619 | 816,436 | |||
* | Bank AlBilad | 445,056 | 4,353,939 | ||
* | Bank Al-Jazira | 491,869 | 2,537,506 | ||
Banque Saudi Fransi | 451,623 | 4,459,907 | |||
Bupa Arabia for Cooperative Insurance Co. | 108,315 | 3,982,984 | |||
Co. for Cooperative Insurance (The) | 35,675 | 802,475 | |||
* | Dar Al Arkan Real Estate Development Co. | 584,678 | 1,641,393 | ||
Dr Sulaiman Al Habib Medical Services Group Co. | 12,296 | 559,588 | |||
Etihad Etisalat Co. | 1,003,769 | 8,621,189 | |||
Jarir Marketing Co. | 80,981 | 4,343,820 | |||
* | Mobile Telecommunications Co. Saudi Arabia | 1,069,332 | 4,044,731 | ||
Mouwasat Medical Services Co. | 66,392 | 3,193,698 | |||
* | National Industrialization Co. | 358,846 | 2,068,334 | ||
National Petrochemical Co. | 148,306 | 1,832,811 | |||
* | Rabigh Refining & Petrochemical Co. | 409,033 | 2,816,871 | ||
Riyad Bank | 784,048 | 5,487,294 | |||
SABIC Agri-Nutrients Co. | 114,012 | 3,896,909 | |||
Sahara International Petrochemical Co. | 667,219 | 5,961,539 | |||
* | Saudi Arabian Mining Co. | 429,782 | 7,985,458 | ||
Saudi Basic Industries Corp. | 385,171 | 12,389,181 | |||
* | Saudi British Bank (The) | 631,468 | 5,184,690 | ||
Saudi Electricity Co. | 346,134 | 2,389,629 | |||
Saudi Industrial Investment Group | 272,511 | 2,685,215 | |||
Saudi Investment Bank (The) | 192,101 | 884,001 | |||
* | Saudi Kayan Petrochemical Co. | 1,426,496 | 7,360,881 | ||
Saudi National Bank(The) | 1,437,747 | 21,110,304 | |||
* | Saudi Research & Media Group | 39,875 | 1,878,516 | ||
Saudi Telecom Co. | 439,273 | 15,681,171 | |||
Savola Group (The) | 440,012 | 5,038,757 | |||
Southern Province Cement Co. | 92,925 | 2,116,273 | |||
Yanbu National Petrochemical Co. | 227,248 | 4,139,252 | |||
TOTAL SAUDI ARABIA | 192,886,279 | ||||
SOUTH AFRICA — (4.2%) | |||||
* | Absa Group, Ltd. | 937,958 | 8,726,126 | ||
African Rainbow Minerals, Ltd. | 13,268 | 270,046 | |||
Anglo American Platinum, Ltd. | 40,658 | 5,321,922 | |||
AngloGold Ashanti, Ltd., Sponsored ADR | 536,140 | 10,749,607 | |||
* | Aspen Pharmacare Holdings, Ltd. | 661,161 | 8,145,315 | ||
* | Bid Corp., Ltd. | 326,475 | 7,170,674 | ||
Bidvest Group, Ltd. (The) | 431,040 | 5,880,314 | |||
Capitec Bank Holdings, Ltd. | 44,624 | 4,953,386 | |||
Clicks Group, Ltd. | 373,659 | 6,764,384 | |||
# * | Discovery, Ltd. | 653,990 | 5,243,055 | ||
Exxaro Resources, Ltd. | 434,468 | 5,379,081 | |||
FirstRand, Ltd. | 3,320,895 | 12,318,993 | |||
Gold Fields, Ltd., Sponsored ADR | 1,552,781 | 15,248,309 | |||
Impala Platinum Holdings, Ltd. | 959,394 | 17,294,453 | |||
# | Investec, Ltd. | 235,992 | 880,477 | ||
Kumba Iron Ore, Ltd. | 49,876 | 2,646,136 | |||
Mr. Price Group, Ltd. | 333,862 | 4,965,126 | |||
* | MTN Group, Ltd. | 3,062,183 | 21,994,833 | ||
MultiChoice Group, Ltd. | 612,933 | 5,075,860 | |||
Naspers, Ltd., Class N | 124,805 | 24,084,895 | |||
* | Nedbank Group, Ltd. | 647,933 | 7,491,181 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH AFRICA — (Continued) | |||||
NEPI Rockcastle P.L.C. | 331,326 | $2,244,411 | |||
# | Ninety One, Ltd. | 298,265 | 921,606 | ||
* | Northam Platinum, Ltd. | 339,570 | 5,347,277 | ||
# | Old Mutual, Ltd. | 7,858,201 | 6,931,086 | ||
* | Pepkor Holdings, Ltd. | 216,432 | 309,407 | ||
PSG Group, Ltd. | 289,732 | 1,502,097 | |||
Sanlam, Ltd. | 2,010,037 | 7,944,583 | |||
# * | Sasol, Ltd., Sponsored ADR | 742,393 | 11,091,351 | ||
Shoprite Holdings, Ltd. | 712,838 | 7,809,490 | |||
Sibanye Stillwater, Ltd. | 2,688,752 | 11,718,097 | |||
Sibanye Stillwater, Ltd., ADR | 214,816 | 3,729,206 | |||
Standard Bank Group, Ltd. | 966,841 | 8,148,623 | |||
Tiger Brands, Ltd. | 119,899 | 1,578,602 | |||
Vodacom Group, Ltd. | 526,158 | 4,687,196 | |||
* | Woolworths Holdings, Ltd. | 1,514,334 | 5,778,699 | ||
TOTAL SOUTH AFRICA | 260,345,904 | ||||
SOUTH KOREA — (14.3%) | |||||
* | Alteogen, Inc. | 14,587 | 1,016,605 | ||
# | Amorepacific Corp. | 14,792 | 2,851,511 | ||
AMOREPACIFIC Group | 29,978 | 1,502,602 | |||
BGF retail Co., Ltd. | 12,966 | 1,822,963 | |||
BNK Financial Group, Inc. | 266,474 | 1,793,717 | |||
# | Bukwang Pharmaceutical Co., Ltd. | 22,787 | 411,924 | ||
* | Celltrion Healthcare Co., Ltd. | 25,206 | 2,358,925 | ||
* | Celltrion Pharm, Inc. | 7,091 | 858,428 | ||
# * | Celltrion, Inc. | 68,995 | 15,231,062 | ||
Cheil Worldwide, Inc. | 121,186 | 2,552,775 | |||
Chunbo Co., Ltd. | 1,393 | 273,913 | |||
CJ CheilJedang Corp. | 13,582 | 5,521,783 | |||
CJ Corp. | 30,178 | 2,572,911 | |||
CJ ENM Co., Ltd. | 18,787 | 2,668,194 | |||
* | CJ Logistics Corp. | 11,638 | 1,781,041 | ||
Com2uSCorp | 2,949 | 291,918 | |||
Coway Co., Ltd. | 59,427 | 4,426,229 | |||
# | CS Wind Corp. | 13,637 | 976,490 | ||
* | Daewoo Engineering & Construction Co., Ltd. | 173,158 | 1,122,144 | ||
# * | Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 71,856 | 2,035,301 | ||
DB HiTek Co., Ltd. | 30,769 | 1,637,464 | |||
# | DB Insurance Co., Ltd. | 133,456 | 6,630,750 | ||
* | DL E&C Co., Ltd. | 28,811 | 3,672,789 | ||
DL Holdings Co., Ltd. | 22,980 | 1,579,104 | |||
Dongkuk Steel Mill Co., Ltd. | 11,358 | 209,650 | |||
Dongsuh Cos., Inc. | 17,305 | 456,698 | |||
* | Doosan Bobcat, Inc. | 51,746 | 2,078,572 | ||
# * | Doosan Fuel Cell Co., Ltd. | 24,993 | 1,068,269 | ||
* | Doosan Heavy Industries & Construction Co., Ltd. | 636,878 | 12,045,644 | ||
* | Doosan Infracore Co., Ltd. | 105,283 | 1,478,811 | ||
Douzone Bizon Co., Ltd. | 17,241 | 1,255,409 | |||
Ecopro BM Co., Ltd. | 4,449 | 1,121,533 | |||
E-MART, Inc. | 19,906 | 2,919,745 | |||
Fila Holdings Corp. | 59,278 | 2,694,280 | |||
* | GeneOne Life Science, Inc. | 673 | 24,285 | ||
# * | Genexine, Inc. | 7,365 | 536,580 | ||
Green Cross Corp. | 3,439 | 874,976 | |||
GS Engineering & Construction Corp. | 105,570 | 4,049,056 | |||
GS Holdings Corp. | 86,049 | 3,203,626 | |||
GS Retail Co., Ltd. | 78,136 | 2,399,751 | |||
Hana Financial Group, Inc. | 387,644 | 14,625,272 |
The Emerging Markets Series
CONTINUED
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SOUTH KOREA — (Continued) | |||||
# * | Hanjin Kal Corp. | 5,439 | $307,411 | ||
Hankook Tire & Technology Co., Ltd. | 129,614 | 5,455,501 | |||
Hanmi Pharm Co., Ltd. | 3,504 | 975,674 | |||
Hanmi Science Co., Ltd. | 7,465 | 464,927 | |||
Hanon Systems | 175,699 | 2,389,008 | |||
Hansol Chemical Co., Ltd. | 5,899 | 1,373,559 | |||
Hanssem Co., Ltd. | 8,117 | 847,927 | |||
Hanwha Aerospace Co., Ltd. | 50,714 | 2,287,639 | |||
Hanwha Corp. | 53,553 | 1,391,424 | |||
Hanwha Life Insurance Co., Ltd. | 82,044 | 242,348 | |||
# * | Hanwha Solutions Corp. | 158,975 | 5,409,974 | ||
* | Helixmith Co., Ltd. | 7,286 | 178,766 | ||
# | Hite Jinro Co., Ltd. | 39,912 | 1,196,364 | ||
# * | HLB, Inc. | 63,504 | 1,993,737 | ||
# * | HMM Co., Ltd. | 144,063 | 5,018,595 | ||
Hotel Shilla Co., Ltd. | 12,932 | 1,052,462 | |||
* | Hugel, Inc. | 2,373 | 494,497 | ||
# * | Hyosung Advanced Materials Corp. | 1,749 | 936,688 | ||
Hyosung Corp. | 6,393 | 681,926 | |||
Hyosung TNC Corp. | 1,721 | 1,334,884 | |||
Hyundai Department Store Co., Ltd. | 6,109 | 425,556 | |||
Hyundai Elevator Co., Ltd. | 26,047 | 1,224,460 | |||
Hyundai Engineering & Construction Co., Ltd. | 80,716 | 3,844,347 | |||
Hyundai Glovis Co., Ltd. | 28,655 | 4,856,465 | |||
Hyundai Heavy Industries Holdings Co., Ltd. | 45,475 | 2,712,185 | |||
Hyundai Marine & Fire Insurance Co., Ltd. | 191,358 | 4,317,312 | |||
* | Hyundai Mipo Dockyard Co., Ltd. | 20,473 | 1,496,302 | ||
Hyundai Mobis Co., Ltd. | 59,731 | 13,877,598 | |||
Hyundai Motor Co. | 59,619 | 11,346,384 | |||
# * | Hyundai Rotem Co., Ltd. | 38,849 | 841,115 | ||
Hyundai Steel Co. | 90,533 | 4,258,627 | |||
Hyundai Wia Corp. | 16,610 | 1,417,770 | |||
Iljin Materials Co., Ltd. | 12,480 | 874,039 | |||
Industrial Bank of Korea | 248,550 | 2,223,841 | |||
Kakao Corp. | 72,297 | 9,255,095 | |||
* | Kangwon Land, Inc. | 84,527 | 1,900,824 | ||
KB Financial Group, Inc. | 351,335 | 15,604,839 | |||
* | KB Financial Group, Inc., ADR | 31,200 | 1,381,848 | ||
KCC Corp. | 3,796 | 1,173,302 | |||
KCC Glass Corp. | 1,840 | 119,030 | |||
Kia Corp. | 159,738 | 11,665,763 | |||
# | KIWOOM Securities Co., Ltd. | 32,926 | 3,382,512 | ||
# * | KMW Co., Ltd. | 22,899 | 1,059,573 | ||
Korea Aerospace Industries, Ltd. | 46,749 | 1,319,269 | |||
Korea Electric Power Corp., Sponsored ADR | 76,175 | 820,405 | |||
Korea Electric Power Corp. | 92,178 | 1,997,927 | |||
* | Korea Gas Corp. | 24,489 | 766,623 | ||
Korea Investment Holdings Co., Ltd. | 76,917 | 6,426,872 | |||
* | Korea Shipbuilding & Offshore Engineering Co., Ltd. | 33,252 | 3,778,074 | ||
Korea Zinc Co., Ltd. | 11,816 | 5,625,406 | |||
* | Korean Air Lines Co., Ltd. | 353,214 | 9,166,813 | ||
KT Corp., Sponsored ADR | 82,100 | 1,181,419 | |||
# | KT&G Corp. | 115,083 | 8,238,769 | ||
# | Kumho Petrochemical Co., Ltd. | 20,487 | 3,629,185 | ||
# | LEENO Industrial, Inc. | 10,832 | 1,686,007 | ||
LG Chem, Ltd. | 24,583 | 18,056,300 | |||
LG Corp. | 66,651 | 5,462,488 | |||
# * | LG Display Co., Ltd., ADR | 376,225 | 3,585,424 | ||
# * | LG Display Co., Ltd. | 283,143 | 5,440,350 |
The Emerging Markets Series
CONTINUED
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SOUTH KOREA — (Continued) | |||||
LG Electronics, Inc. | 199,804 | $27,368,964 | |||
LG Household & Health Care, Ltd. | 7,501 | 9,503,990 | |||
LG Innotek Co., Ltd. | 28,259 | 5,585,764 | |||
LG Uplus Corp. | 528,937 | 6,698,456 | |||
Lotte Chemical Corp. | 17,426 | 3,932,095 | |||
Lotte Corp. | 29,812 | 978,767 | |||
LOTTE Fine Chemical Co., Ltd. | 4,613 | 291,086 | |||
# | Lotte Shopping Co., Ltd. | 11,885 | 1,112,082 | ||
LS Corp. | 15,130 | 957,502 | |||
LS Electric Co., Ltd. | 22,156 | 1,252,535 | |||
* | LX Holdings Corp. | 32,322 | 293,642 | ||
Macquarie Korea Infrastructure Fund | 288,928 | 3,089,630 | |||
* | Mando Corp. | 35,566 | 1,911,999 | ||
Medy-Tox, Inc. | 1,262 | 222,055 | |||
Meritz Financial Group, Inc. | 11,818 | 258,245 | |||
Meritz Fire & Marine Insurance Co., Ltd. | 165,805 | 3,680,731 | |||
# | Meritz Securities Co., Ltd. | 519,143 | 2,218,630 | ||
Mirae Asset Securities Co., Ltd. | 456,777 | 3,553,306 | |||
NAVER Corp. | 40,916 | 15,421,296 | |||
NCSoft Corp. | 7,007 | 5,025,585 | |||
Netmarble Corp. | 7,693 | 928,593 | |||
NH Investment & Securities Co., Ltd. | 146,022 | 1,614,992 | |||
NongShim Co., Ltd. | 2,415 | 690,592 | |||
# * | OCI Co., Ltd. | 16,299 | 1,617,138 | ||
Orion Corp. | 10,241 | 1,046,844 | |||
Ottogi Corp. | 1,318 | 617,358 | |||
Pan Ocean Co., Ltd. | 328,861 | 2,162,398 | |||
* | Pearl Abyss Corp. | 25,089 | 1,615,363 | ||
POSCO, Sponsored ADR | 11,993 | 947,327 | |||
POSCO | 55,137 | 17,536,691 | |||
POSCO Chemical Co., Ltd. | 7,315 | 981,767 | |||
Posco International Corp. | 84,360 | 1,899,769 | |||
S-1 Corp. | 27,240 | 1,908,477 | |||
* | Samsung Biologics Co., Ltd. | 4,034 | 3,120,978 | ||
Samsung C&T Corp. | 65,954 | 8,124,605 | |||
Samsung Card Co., Ltd. | 26,138 | 795,999 | |||
Samsung Electro-Mechanics Co., Ltd. | 66,506 | 11,108,202 | |||
Samsung Electronics Co., Ltd., GDR | 152 | 260,481 | |||
Samsung Electronics Co., Ltd. | 3,910,493 | 267,228,979 | |||
# * | Samsung Engineering Co., Ltd. | 170,749 | 3,471,136 | ||
Samsung Fire & Marine Insurance Co., Ltd. | 43,350 | 8,086,854 | |||
# * | Samsung Heavy Industries Co., Ltd. | 485,111 | 2,758,206 | ||
Samsung Life Insurance Co., Ltd. | 55,168 | 3,619,910 | |||
Samsung SDI Co., Ltd. | 16,690 | 10,774,041 | |||
Samsung SDS Co., Ltd. | 22,002 | 3,495,586 | |||
Samsung Securities Co., Ltd. | 67,148 | 2,586,961 | |||
# | Seegene, Inc. | 31,154 | 1,900,080 | ||
# | Shin Poong Pharmaceutical Co., Ltd. | 14,117 | 779,267 | ||
Shinhan Financial Group Co., Ltd. | 365,171 | 12,376,814 | |||
* | Shinhan Financial Group Co., Ltd., ADR | 53,025 | 1,787,473 | ||
Shinsegae, Inc. | 8,050 | 1,864,181 | |||
# | SK Chemicals Co., Ltd. | 7,935 | 1,637,333 | ||
SK Hynix, Inc. | 475,556 | 46,555,160 | |||
* | SK Innovation Co., Ltd. | 30,728 | 6,779,229 | ||
# | SK Materials Co., Ltd. | 6,982 | 2,552,951 | ||
SK Networks Co., Ltd. | 263,376 | 1,419,231 | |||
SK Telecom Co., Ltd. | 14,801 | 3,876,885 | |||
SK, Inc. | 31,227 | 7,287,863 | |||
SKC Co., Ltd. | 17,612 | 2,482,817 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH KOREA — (Continued) | |||||
# | S-Oil Corp. | 30,826 | $2,632,065 | ||
Solus Advanced Materials Co., Ltd. | 16,499 | 861,948 | |||
Soulbrain Co., Ltd. | 4,534 | 1,342,433 | |||
Ssangyong C&E Co., Ltd. | 135,922 | 942,139 | |||
* | Studio Dragon Corp. | 9,633 | 773,469 | ||
Tokai Carbon Korea Co., Ltd. | 2,216 | 375,766 | |||
# | WONIK IPS Co., Ltd. | 25,087 | 1,013,149 | ||
Woori Financial Group, Inc. | 526,016 | 4,959,500 | |||
Youngone Corp. | 6,063 | 210,073 | |||
Yuhan Corp. | 27,795 | 1,490,038 | |||
TOTAL SOUTH KOREA | 885,361,600 | ||||
TAIWAN — (16.7%) | |||||
Accton Technology Corp. | 589,000 | 6,895,256 | |||
# | Acer, Inc. | 4,172,811 | 4,073,556 | ||
Advantech Co., Ltd. | 175,190 | 2,286,596 | |||
Airtac International Group | 103,518 | 3,345,232 | |||
# | AP Memory Technology Corp. | 10,000 | 263,432 | ||
ASE Technology Holding Co., Ltd. | 3,314,782 | 14,586,171 | |||
ASE Technology Holding Co., Ltd. , ADR | 27,294 | 242,100 | |||
# | Asia Cement Corp. | 2,725,758 | 5,059,794 | ||
# | ASMedia Technology, Inc. | 24,000 | 1,689,185 | ||
ASPEED Technology, Inc. | 16,000 | 1,288,615 | |||
# | Asustek Computer, Inc. | 543,180 | 6,829,200 | ||
# | AU Optronics Corp. | 9,956,873 | 7,380,404 | ||
Catcher Technology Co., Ltd. | 1,001,429 | 6,638,387 | |||
Cathay Financial Holding Co., Ltd. | 6,342,340 | 12,344,176 | |||
Chailease Holding Co., Ltd. | 1,429,811 | 11,865,469 | |||
Chang Hwa Commercial Bank, Ltd. | 6,993,469 | 4,144,413 | |||
Cheng Shin Rubber Industry Co., Ltd. | 2,772,965 | 4,285,646 | |||
Chicony Electronics Co., Ltd. | 891,497 | 2,571,874 | |||
* | China Airlines, Ltd. | 7,905,536 | 4,885,160 | ||
China Development Financial Holding Corp. | 12,494,121 | 6,315,444 | |||
China Life Insurance Co., Ltd. | 1,549,188 | 1,460,935 | |||
China Steel Corp. | 8,810,932 | 11,490,943 | |||
# | Chipbond Technology Corp. | 1,103,000 | 2,964,294 | ||
Chroma ATE, Inc. | 549,000 | 3,867,339 | |||
# * | Chung Hung Steel Corp. | 765,000 | 1,344,338 | ||
# | Chunghwa Telecom Co., Ltd., Sponsored ADR | 140,916 | 5,842,377 | ||
Chunghwa Telecom Co., Ltd. | 730,000 | 3,012,318 | |||
# | Compal Electronics, Inc. | 6,358,541 | 4,918,504 | ||
CTBC Financial Holding Co., Ltd. | 16,703,175 | 13,678,274 | |||
Delta Electronics, Inc. | 1,246,486 | 12,843,719 | |||
# | E Ink Holdings, Inc. | 390,000 | 1,127,793 | ||
E.Sun Financial Holding Co., Ltd. | 12,077,049 | 11,454,395 | |||
# | Eclat Textile Co., Ltd. | 170,402 | 3,720,384 | ||
# | Elan Microelectronics Corp. | 333,000 | 2,163,942 | ||
Elite Material Co., Ltd. | 162,000 | 1,310,059 | |||
Elite Semiconductor Microelectronics Technology, Inc. | 137,000 | 891,210 | |||
eMemory Technology, Inc. | 57,000 | 2,680,956 | |||
Eternal Materials Co., Ltd. | 808,591 | 1,123,418 | |||
Eva Airways Corp. | 4,321,758 | 2,823,728 | |||
* | Evergreen Marine Corp. Taiwan, Ltd. | 4,324,222 | 20,566,114 | ||
Far Eastern International Bank | 424,000 | 163,182 | |||
Far Eastern New Century Corp. | 3,222,085 | 3,414,505 | |||
Far EasTone Telecommunications Co., Ltd. | 1,752,000 | 3,797,163 | |||
Feng TAY Enterprise Co., Ltd. | 415,559 | 3,438,193 | |||
First Financial Holding Co., Ltd. | 9,514,935 | 7,745,228 | |||
Formosa Chemicals & Fibre Corp. | 3,015,518 | 8,879,760 |
The Emerging Markets Series
CONTINUED
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TAIWAN — (Continued) | |||||
Formosa Petrochemical Corp. | 416,000 | $1,449,494 | |||
Formosa Plastics Corp. | 2,024,153 | 7,240,528 | |||
# | Formosa Sumco Technology Corp. | 115,000 | 776,361 | ||
Formosa Taffeta Co., Ltd. | 699,000 | 814,381 | |||
Foxconn Technology Co., Ltd. | 1,025,627 | 2,268,719 | |||
Fubon Financial Holding Co., Ltd. | 5,471,233 | 14,707,546 | |||
General Interface Solution Holding, Ltd. | 39,000 | 163,255 | |||
# | Genius Electronic Optical Co., Ltd. | 130,695 | 2,436,935 | ||
Giant Manufacturing Co., Ltd. | 435,506 | 5,015,495 | |||
Gigabyte Technology Co., Ltd. | 345,000 | 1,239,578 | |||
Global Unichip Corp. | 8,000 | 118,558 | |||
Globalwafers Co., Ltd. | 167,000 | 5,073,985 | |||
# * | HannStar Display Corp. | 2,764,000 | 1,886,743 | ||
Highwealth Construction Corp. | 691,841 | 1,215,170 | |||
Hiwin Technologies Corp. | 395,974 | 4,556,061 | |||
Hon Hai Precision Industry Co., Ltd. | 5,794,322 | 22,897,537 | |||
Hotai Motor Co., Ltd. | 288,000 | 6,096,552 | |||
Hua Nan Financial Holdings Co., Ltd. | 8,159,004 | 5,637,697 | |||
# | Innolux Corp. | 11,226,241 | 7,534,541 | ||
International Games System Co., Ltd. | 75,000 | 2,340,449 | |||
# | Inventec Corp. | 2,894,550 | 2,432,089 | ||
ITEQ Corp. | 142,455 | 701,002 | |||
# | King Yuan Electronics Co., Ltd. | 855,000 | 1,425,311 | ||
King's Town Bank Co., Ltd. | 329,000 | 475,668 | |||
Kinsus Interconnect Technology Corp. | 138,000 | 913,855 | |||
# | Largan Precision Co., Ltd. | 101,860 | 10,718,868 | ||
Lien Hwa Industrial Holdings Corp. | 668,824 | 1,256,202 | |||
Lite-On Technology Corp. | 3,476,410 | 7,990,290 | |||
Macronix International Co., Ltd. | 2,909,074 | 4,347,495 | |||
Makalot Industrial Co., Ltd. | 139,000 | 1,183,114 | |||
MediaTek, Inc. | 751,995 | 24,588,617 | |||
Mega Financial Holding Co., Ltd. | 10,406,369 | 12,324,909 | |||
# | Merida Industry Co., Ltd. | 200,287 | 2,405,473 | ||
# | Micro-Star International Co., Ltd. | 1,072,000 | 5,695,248 | ||
# | momo.com, Inc. | 32,500 | 1,814,719 | ||
Nan Ya Plastics Corp. | 3,697,599 | 11,539,687 | |||
# | Nan Ya Printed Circuit Board Corp. | 85,000 | 1,214,550 | ||
# | Nantex Industry Co., Ltd. | 437,000 | 1,925,506 | ||
# | Nanya Technology Corp. | 992,010 | 2,580,893 | ||
Nien Made Enterprise Co., Ltd. | 327,000 | 5,490,099 | |||
# | Novatek Microelectronics Corp. | 581,000 | 10,687,683 | ||
# * | Oneness Biotech Co., Ltd. | 205,000 | 1,416,276 | ||
Parade Technologies, Ltd. | 70,000 | 4,298,439 | |||
Pegatron Corp. | 3,100,345 | 7,474,299 | |||
# | Phison Electronics Corp. | 142,000 | 2,426,752 | ||
Pou Chen Corp. | 2,498,487 | 3,160,034 | |||
# | Powertech Technology, Inc. | 1,644,819 | 6,517,964 | ||
* | Poya International Co., Ltd. | 55,275 | 1,181,894 | ||
# | President Chain Store Corp. | 657,831 | 6,607,496 | ||
Qisda Corp. | 2,157,000 | 2,285,048 | |||
Quanta Computer, Inc. | 2,987,000 | 8,274,417 | |||
# | Radiant Opto-Electronics Corp. | 717,000 | 2,711,045 | ||
# | Realtek Semiconductor Corp. | 227,950 | 4,812,889 | ||
Ruentex Development Co., Ltd. | 878,345 | 1,964,128 | |||
Ruentex Industries, Ltd. | 184,109 | 646,277 | |||
Shanghai Commercial & Savings Bank, Ltd. (The) | 2,115,000 | 3,163,749 | |||
# | Shin Kong Financial Holding Co., Ltd. | 11,998,761 | 3,939,344 | ||
Silergy Corp. | 32,000 | 4,341,911 | |||
# | Simplo Technology Co., Ltd. | 272,000 | 3,598,178 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
TAIWAN — (Continued) | |||||
# | Sinbon Electronics Co., Ltd. | 174,000 | $1,496,790 | ||
Sino Horizon Holdings, Ltd. | 15,000 | 14,520 | |||
Sino-American Silicon Products, Inc. | 1,292,000 | 8,764,127 | |||
SinoPac Financial Holdings Co., Ltd. | 12,492,623 | 6,289,131 | |||
Standard Foods Corp. | 713,418 | 1,340,671 | |||
Synnex Technology International Corp. | 1,463,343 | 2,779,373 | |||
# | TA Chen Stainless Pipe | 1,710,308 | 3,197,336 | ||
Taichung Commercial Bank Co., Ltd. | 1,571,898 | 669,410 | |||
Taishin Financial Holding Co., Ltd. | 13,398,808 | 8,130,620 | |||
# | Taiwan Business Bank | 6,351,685 | 2,155,499 | ||
Taiwan Cement Corp. | 6,779,034 | 12,784,641 | |||
Taiwan Cooperative Financial Holding Co., Ltd. | 8,871,127 | 6,934,881 | |||
# | Taiwan FamilyMart Co., Ltd. | 48,000 | 462,134 | ||
Taiwan Fertilizer Co., Ltd. | 566,000 | 1,213,096 | |||
Taiwan Glass Industry Corp. | 941,374 | 1,291,897 | |||
Taiwan High Speed Rail Corp. | 1,713,000 | 1,861,984 | |||
Taiwan Mobile Co., Ltd. | 2,268,300 | 8,440,754 | |||
Taiwan Secom Co., Ltd. | 357,670 | 1,203,119 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 15,380,808 | 321,451,131 | |||
# * | Tatung Co., Ltd. | 2,215,000 | 2,072,415 | ||
# | Teco Electric and Machinery Co., Ltd. | 2,143,000 | 2,384,966 | ||
Tripod Technology Corp. | 680,870 | 2,927,743 | |||
Tung Ho Steel Enterprise Corp. | 312,000 | 522,172 | |||
U-Ming Marine Transport Corp. | 231,000 | 518,656 | |||
# | Unimicron Technology Corp. | 1,536,000 | 8,070,570 | ||
Uni-President Enterprises Corp. | 5,022,033 | 13,170,949 | |||
United Microelectronics Corp. | 11,435,000 | 23,912,263 | |||
Vanguard International Semiconductor Corp. | 1,458,000 | 6,040,842 | |||
Voltronic Power Technology Corp. | 104,224 | 5,078,381 | |||
Walsin Lihwa Corp. | 2,671,000 | 2,735,394 | |||
Walsin Technology Corp. | 507,000 | 3,651,176 | |||
Wan Hai Lines, Ltd. | 529,800 | 4,252,693 | |||
Win Semiconductors Corp. | 505,034 | 6,267,315 | |||
Winbond Electronics Corp. | 4,548,407 | 5,610,211 | |||
Wintek Corp. | 604,760 | 7,420 | |||
# | Wisdom Marine Lines Co., Ltd. | 97,000 | 271,481 | ||
Wistron Corp. | 5,133,699 | 5,105,060 | |||
Wiwynn Corp. | 124,000 | 4,168,970 | |||
WPG Holdings, Ltd. | 2,167,039 | 4,236,367 | |||
# | Yageo Corp. | 359,682 | 7,253,580 | ||
* | Yang Ming Marine Transport Corp. | 1,691,000 | 7,125,173 | ||
YFY, Inc. | 1,089,000 | 1,552,138 | |||
* | Yieh Phui Enterprise Co., Ltd. | 601,000 | 758,811 | ||
Yuanta Financial Holding Co., Ltd. | 9,909,398 | 9,012,677 | |||
* | Yulon Motor Co., Ltd. | 19,000 | 27,199 | ||
# | Zhen Ding Technology Holding, Ltd. | 971,700 | 3,643,473 | ||
TOTAL TAIWAN | 1,038,573,393 | ||||
THAILAND — (1.7%) | |||||
Advanced Info Service PCL | 956,600 | 5,224,301 | |||
AEON Thana Sinsap Thailand PCL | 95,500 | 493,953 | |||
Airports of Thailand PCL | 1,666,500 | 2,864,752 | |||
* | Asset World Corp. PCL | 4,297,300 | 478,531 | ||
B Grimm Power PCL | 505,900 | 607,988 | |||
Bangkok Bank PCL | 311,700 | 972,062 | |||
Bangkok Bank PCL | 126,700 | 395,124 | |||
Bangkok Chain Hospital PCL | 1,874,800 | 1,497,330 | |||
Bangkok Commercial Asset Management PCL | 1,616,500 | 811,508 | |||
Bangkok Dusit Medical Services PCL, Class F | 4,428,600 | 3,031,673 |
The Emerging Markets Series
CONTINUED
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THAILAND — (Continued) | |||||
Bangkok Expressway & Metro PCL | 3,334,899 | $776,207 | |||
Bangkok Life Assurance PCL | 504,800 | 391,645 | |||
Banpu PCL | 4,298,250 | 1,739,309 | |||
Banpu Power PCL | 420,900 | 222,824 | |||
Berli Jucker PCL | 1,203,400 | 1,244,865 | |||
BTS Group Holdings PCL | 4,859,200 | 1,256,658 | |||
Bumrungrad Hospital PCL | 259,700 | 948,171 | |||
Carabao Group PCL, Class F | 188,800 | 832,920 | |||
Central Pattana PCL | 1,066,000 | 1,524,363 | |||
Central Retail Corp. PCL | 1,235,950 | 1,165,724 | |||
Charoen Pokphand Foods PCL | 4,438,800 | 3,511,335 | |||
Chularat Hospital PCL, Class F | 2,889,700 | 371,021 | |||
CK Power PCL | 267,100 | 47,947 | |||
Com7 PCL, Class F | 513,500 | 1,011,611 | |||
CP ALL PCL | 4,982,800 | 8,944,556 | |||
Delta Electronics Thailand PCL | 152,400 | 2,707,891 | |||
Dohome PCL | 497,200 | 376,672 | |||
Electricity Generating PCL | 191,300 | 995,278 | |||
Energy Absolute PCL | 1,013,200 | 1,834,195 | |||
Global Power Synergy PCL, Class F | 398,000 | 929,383 | |||
Gulf Energy Development PCL | 1,001,900 | 1,021,180 | |||
Hana Microelectronics PCL | 506,296 | 1,174,567 | |||
Home Product Center PCL | 5,122,113 | 2,072,689 | |||
Indorama Ventures PCL | 1,408,800 | 1,553,784 | |||
Intouch Holdings PCL | 281,586 | 552,591 | |||
Intouch Holdings PCL, Class F | 625,800 | 1,228,085 | |||
IRPC PCL | 20,152,800 | 2,158,298 | |||
JMT Network Services PCL, Class F | 448,000 | 552,035 | |||
Kasikornbank PCL | 121,700 | 381,383 | |||
Kasikornbank PCL | 5,500 | 17,236 | |||
KCE Electronics PCL | 657,200 | 1,569,642 | |||
Kiatnakin Phatra Bank PCL | 268,500 | 416,627 | |||
Krung Thai Bank PCL | 2,605,187 | 800,559 | |||
Krungthai Card PCL | 647,900 | 1,217,246 | |||
Land & Houses PCL | 5,149,600 | 1,222,085 | |||
* | Minor International PCL | 1,038,483 | 939,982 | ||
MK Restaurants Group PCL | 234,400 | 351,235 | |||
Muangthai Capital PCL | 601,100 | 1,092,743 | |||
Osotspa PCL | 507,400 | 544,180 | |||
PTT Exploration & Production PCL | 1,427,755 | 4,474,291 | |||
PTT Global Chemical PCL | 928,972 | 1,603,991 | |||
PTT PCL | 6,782,700 | 7,171,182 | |||
Ratch Group PCL | 616,200 | 796,790 | |||
Regional Container Lines PCL | 348,800 | 610,208 | |||
Siam Cement PCL (The) | 370,900 | 4,694,437 | |||
Siam Cement PCL (The) | 81,400 | 1,025,317 | |||
Siam City Cement PCL | 14,400 | 70,757 | |||
Siam Commercial Bank PCL (The) | 327,166 | 930,707 | |||
Siam Global House PCL | 2,099,639 | 1,456,508 | |||
Sri Trang Agro-Industry PCL | 1,649,208 | 1,894,199 | |||
Srisawad Corp. PCL | 1,019,572 | 1,985,323 | |||
Thai Oil PCL | 1,062,200 | 1,421,976 | |||
Thai Union Group PCL, Class F | 6,225,040 | 4,204,636 | |||
Tisco Financial Group PCL | 419,200 | 1,122,373 | |||
TMBThanachart Bank PCL | 20,500,067 | 605,007 | |||
TOA Paint Thailand PCL | 943,300 | 1,033,203 | |||
Total Access Communication PCL | 1,066,300 | 1,249,032 | |||
Total Access Communication PCL | 563,300 | 646,979 | |||
True Corp. PCL | 27,559,631 | 2,699,993 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
THAILAND — (Continued) | |||||
TTW PCL | 878,000 | $309,875 | |||
VGI PCL | 495,700 | 83,704 | |||
Vinythai PCL | 166,500 | 189,967 | |||
WHA Corp. PCL | 6,143,000 | 571,920 | |||
TOTAL THAILAND | 106,928,319 | ||||
TURKEY — (0.4%) | |||||
Akbank T.A.S. | 2,019,928 | 1,261,707 | |||
Anadolu Efes Biracilik Ve Malt Sanayii A.S. | 250,784 | 661,299 | |||
Arcelik A.S. | 197,804 | 774,919 | |||
Aselsan Elektronik Sanayi Ve Ticaret A.S. | 242,016 | 445,080 | |||
BIM Birlesik Magazalar A.S. | 365,995 | 2,754,635 | |||
Coca-Cola Icecek A.S. | 106,788 | 1,073,973 | |||
Dogan Sirketler Grubu Holding A.S. | 207,745 | 64,568 | |||
Enerjisa Enerji A.S. | 280,258 | 339,376 | |||
Enka Insaat ve Sanayi A.S. | 724,135 | 797,471 | |||
Eregli Demir ve Celik Fabrikalari TAS | 523,021 | 1,242,485 | |||
Ford Otomotiv Sanayi A.S. | 57,714 | 1,181,960 | |||
# * | Gubre Fabrikalari TAS | 34,802 | 206,338 | ||
* | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class A | 26,300 | 22,286 | ||
* | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class B | 26,430 | 22,302 | ||
* | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class D | 803,466 | 748,525 | ||
KOC Holding A.S. | 319,003 | 778,308 | |||
# * | Koza Altin Isletmeleri A.S. | 44,031 | 544,978 | ||
* | Petkim Petrokimya Holding A.S. | 1,165,006 | 784,705 | ||
# * | Sasa Polyester Sanayi A.S. | 246,343 | 841,731 | ||
* | TAV Havalimanlari Holding A.S. | 22,753 | 60,895 | ||
Tofas Turk Otomobil Fabrikasi A.S. | 69,879 | 271,631 | |||
* | Turk Hava Yollari AO | 806,151 | 1,216,791 | ||
Turk Telekomunikasyon A.S. | 467,239 | 362,237 | |||
Turkcell Iletisim Hizmetleri A.S. | 1,084,914 | 1,984,530 | |||
Turkiye Garanti Bankasi A.S. | 1,573,948 | 1,588,886 | |||
# * | Turkiye Halk Bankasi A.S. | 454,872 | 247,944 | ||
# | Turkiye Is Bankasi A.S., Class C | 1,224,092 | 766,053 | ||
* | Turkiye Petrol Rafinerileri A.S. | 52,681 | 586,700 | ||
Turkiye Sise ve Cam Fabrikalari A.S. | 758,983 | 683,679 | |||
# * | Turkiye Vakiflar Bankasi TAO, Class D | 822,870 | 338,036 | ||
Ulker Biskuvi Sanayi A.S. | 4,475 | 10,593 | |||
Vestel Elektronik Sanayi ve Ticaret A.S. | 14,035 | 49,830 | |||
# | Yapi ve Kredi Bankasi A.S. | 1,657,759 | 470,013 | ||
TOTAL TURKEY | 23,184,464 | ||||
UNITED ARAB EMIRATES — (0.6%) | |||||
Abu Dhabi Commercial Bank PJSC | 1,188,344 | 2,267,046 | |||
Abu Dhabi Islamic Bank PJSC | 1,107,408 | 1,666,041 | |||
Abu Dhabi National Oil Co for Distribution PJSC | 1,152,640 | 1,368,014 | |||
Aldar Properties PJSC | 3,593,212 | 3,878,207 | |||
Dubai Islamic Bank PJSC | 2,396,457 | 3,150,742 | |||
* | Emaar Malls PJSC | 2,389,272 | 1,233,566 | ||
Emaar Properties PJSC | 3,400,544 | 3,675,803 | |||
Emirates Integrated Telecommunications Co. PJSC | 46,647 | 84,390 | |||
Emirates NBD Bank PJSC | 1,126,916 | 4,115,647 | |||
Emirates Telecommunications Group Co. PJSC | 1,056,201 | 6,556,057 | |||
First Abu Dhabi Bank PJSC | 1,230,403 | 5,550,873 | |||
* | International Holding Co. PJSC | 24,261 | 876,089 | ||
TOTAL UNITED ARAB EMIRATES | 34,422,475 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
UNITED STATES — (0.0%) | |||||
Sempra Energy | 11,248 | $1,483,061 | |||
TOTAL COMMON STOCKS | 6,078,193,278 | ||||
PREFERRED STOCKS — (0.8%) | |||||
BRAZIL — (0.8%) | |||||
* | Alpargatas SA | 100,600 | 993,976 | ||
Banco Bradesco SA | 1,977,269 | 9,206,312 | |||
Banco Inter SA | 126,852 | 581,377 | |||
Banco Pan SA | 137,800 | 544,242 | |||
* | Braskem SA Class A | 48,439 | 537,100 | ||
Centrais Eletricas Brasileiras SA Class B | 86,846 | 676,159 | |||
Cia de Transmissao de Energia Eletrica Paulista | 122,300 | 566,620 | |||
Cia Energetica de Minas Gerais | 749,623 | 1,718,523 | |||
Cia Paranaense de Energia | 869,990 | 1,022,289 | |||
Gerdau SA | 817,916 | 4,836,905 | |||
Itau Unibanco Holding SA | 1,751,400 | 10,189,108 | |||
Lojas Americanas SA | 316,919 | 431,422 | |||
Petroleo Brasileiro SA | 2,527,248 | 13,057,792 | |||
Usinas Siderurgicas de Minas Gerais SA Usiminas Class A | 821,900 | 3,246,097 | |||
TOTAL BRAZIL | 47,607,922 | ||||
CHILE — (0.0%) | |||||
Embotelladora Andina SA Class B | 430,906 | 1,030,583 | |||
COLOMBIA — (0.0%) | |||||
Banco Davivienda SA | 82,799 | 612,772 | |||
Grupo Argos SA | 38,570 | 80,064 | |||
Grupo Aval Acciones y Valores SA | 3,126,389 | 825,535 | |||
Grupo de Inversiones Suramericana SA | 84,488 | 354,684 | |||
TOTAL COLOMBIA | 1,873,055 | ||||
SOUTH KOREA — (0.0%) | |||||
AMOREPACIFIC Group | 738 | 26,155 | |||
TOTAL PREFERRED STOCKS | 50,537,715 | ||||
RIGHTS/WARRANTS — (0.0%) | |||||
SOUTH KOREA — (0.0%) | |||||
* | Macquariem Korea Infrastructure Fund Rights 08/05/21 | 25,348 | 2,204 | ||
TAIWAN — (0.0%) | |||||
* | ITEQ Corp. Rights Exp 07/19/21 | 17,114 | 4,284 | ||
* | Shin Kong Financial Holding Co., Ltd. Rights 08/13/21 | 666,952 | 23,134 | ||
TOTAL TAIWAN | 27,418 | ||||
THAILAND — (0.0%) | |||||
* | BTS W6 Warrants 07/22/22 | 211,575 | 0 | ||
* | BTS W7 Warrants 07/21/22 | 423,151 | 0 | ||
* | BTS W8 Warrants 07/22/22 | 846,300 | 0 | ||
TOTAL RIGHTS/WARRANTS | 29,622 | ||||
TOTAL INVESTMENT SECURITIES (Cost $3,408,044,967) | 6,128,778,806 |
The Emerging Markets Series
CONTINUED
Shares | Value† | ||||
SECURITIES LENDING COLLATERAL — (1.2%) | |||||
@ § | The DFA Short Term Investment Fund | 6,293,311 | $72,813,613 | ||
TOTAL INVESTMENTS — (100.0%) | |||||
(Cost $3,480,845,289)^^ | $6,201,592,419 |
ADR | American Depositary Receipt |
CP | Certificate Participation |
GDR | Global Depositary Receipt |
P.L.C. | Public Limited Company |
SA | Special Assessment |
INR | Indian Rupee |
† | See Security Valuation Note within the Notes to Schedules of Investments. |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2021, The Emerging
Markets Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
E-Mini MSCI Emerging Markets Index | 650 | 09/17/21 | $44,396,700 | $41,525,250 | $(2,871,450) | |||||
S&P 500® Emini Index | 438 | 09/17/21 | 96,428,877 | 96,130,050 | (298,827) | |||||
Total Futures Contracts | $140,825,577 | $137,655,300 | $(3,170,277) |
Summary of the Series' investments
as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Bonds | |||||||
India | — | $18,191 | — | $18,191 | |||
Common Stocks | |||||||
Belgium | — | 905,732 | — | 905,732 | |||
Brazil | $247,301,884 | — | — | 247,301,884 | |||
Chile | 28,688,077 | — | — | 28,688,077 | |||
China | 376,481,803 | 1,582,403,149 | — | 1,958,884,952 | |||
Colombia | 10,473,945 | — | — | 10,473,945 | |||
Czech Republic | — | 7,480,943 | — | 7,480,943 | |||
Egypt | 2,795 | 3,789,707 | — | 3,792,502 | |||
Greece | — | 15,487,377 | — | 15,487,377 | |||
Hungary | — | 21,124,386 | — | 21,124,386 | |||
India | 35,434,574 | 699,602,596 | — | 735,037,170 | |||
Indonesia | 128,915 | 85,822,228 | — | 85,951,143 | |||
Malaysia | — | 88,983,233 | — | 88,983,233 | |||
Mexico | 133,250,421 | — | — | 133,250,421 | |||
Peru | 5,311,414 | — | — | 5,311,414 | |||
Philippines | 1,622,020 | 39,734,143 | — | 41,356,163 | |||
Poland | — | 48,510,602 | — | 48,510,602 | |||
Qatar | — | 30,850,072 | — | 30,850,072 | |||
Russia | 9,820,318 | 61,797,449 | — | 71,617,767 | |||
Saudi Arabia | — | 192,886,279 | — | 192,886,279 |
The Emerging Markets Series
CONTINUED
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
South Africa | $40,818,473 | $219,527,431 | — | $260,345,904 | |||
South Korea | 9,997,538 | 875,364,062 | — | 885,361,600 | |||
Taiwan | 6,084,477 | 1,032,488,916 | — | 1,038,573,393 | |||
Thailand | 106,928,319 | — | — | 106,928,319 | |||
Turkey | — | 23,184,464 | — | 23,184,464 | |||
United Arab Emirates | — | 34,422,475 | — | 34,422,475 | |||
United States | 1,483,061 | — | — | 1,483,061 | |||
Preferred Stocks | |||||||
Brazil | 47,607,922 | — | — | 47,607,922 | |||
Chile | 1,030,583 | — | — | 1,030,583 | |||
Colombia | 1,873,055 | — | — | 1,873,055 | |||
South Korea | — | 26,155 | — | 26,155 | |||
Rights/Warrants | |||||||
South Korea | — | 2,204 | — | 2,204 | |||
Taiwan | — | 27,418 | — | 27,418 | |||
Securities Lending Collateral | — | 72,813,613 | — | 72,813,613 | |||
Futures Contracts** | (3,170,277) | — | — | (3,170,277) | |||
TOTAL | $1,061,169,317 | $5,137,252,825 | — | $6,198,422,142 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
The Tax-Managed U.S.
Marketwide Value Series
SCHEDULE OF INVESTMENTS
July 31, 2021
(Unaudited)
Shares | Value† | ||||
COMMON STOCKS — (98.3%) | |||||
COMMUNICATION SERVICES — (13.6%) | |||||
Activision Blizzard, Inc. | 496,359 | $41,505,540 | |||
* | AMC Networks, Inc., Class A | 6,800 | 340,272 | ||
AT&T, Inc. | 6,810,545 | 191,035,787 | |||
ATN International, Inc. | 684 | 29,446 | |||
* | Cars.com, Inc. | 39,542 | 477,667 | ||
# * | Charter Communications, Inc., Class A | 339,394 | 252,526,106 | ||
Comcast Corp., Class A | 5,581,653 | 328,368,646 | |||
* | Consolidated Communications Holdings, Inc. | 10,700 | 82,283 | ||
* | Discovery, Inc., Class C | 136,284 | 3,694,659 | ||
# * | DISH Network Corp., Class A | 83,975 | 3,517,713 | ||
Entravision Communications Corp., Class A | 38,094 | 234,278 | |||
EW Scripps Co. (The), Class A | 81,265 | 1,550,536 | |||
Fox Corp., Class A | 211,170 | 7,530,322 | |||
Fox Corp., Class B | 104,154 | 3,462,079 | |||
* | Gannett Co., Inc. | 53,152 | 306,687 | ||
Gray Television, Inc. | 54,374 | 1,205,472 | |||
* | Hemisphere Media Group, Inc. | 18,877 | 239,927 | ||
* | IAC/InterActiveCorp | 7,229 | 992,469 | ||
* | IMAX Corp. | 18,300 | 295,362 | ||
Interpublic Group of Cos., Inc. (The) | 30,820 | 1,089,795 | |||
* | Iridium Communications, Inc. | 51,500 | 2,174,845 | ||
John Wiley & Sons, Inc., Class A | 23,898 | 1,404,724 | |||
* | Liberty Broadband Corp. | 2,882 | 492,678 | ||
* | Liberty Broadband Corp., Class A | 24,095 | 4,136,389 | ||
* | Liberty Broadband Corp., Class C | 139,025 | 24,675,547 | ||
* | Liberty Latin America, Ltd., Class A | 4,700 | 64,155 | ||
* | Liberty Latin America, Ltd., Class C | 4,641 | 64,185 | ||
# * | Liberty Media Corp.-Liberty Braves, Class A | 7,613 | 202,049 | ||
* | Liberty Media Corp.-Liberty Braves, Class B | 762 | 23,050 | ||
* | Liberty Media Corp.-Liberty Braves, Class C | 1,237 | 32,719 | ||
* | Liberty Media Corp.-Liberty Formula One, Class A | 17,043 | 706,603 | ||
* | Liberty Media Corp.-Liberty Formula One, Class C | 44,409 | 2,084,114 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class A | 96,383 | 4,500,122 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class B | 4,653 | 226,159 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class C | 208,025 | 9,610,755 | ||
* | Lions Gate Entertainment Corp., Class B | 1 | 13 | ||
# | Lumen Technologies, Inc. | 539,862 | 6,732,079 | ||
* | Madison Square Garden Entertainment Corp. | 14,935 | 1,044,853 | ||
# * | Marcus Corp. (The) | 7,499 | 120,509 | ||
* | Match Group, Inc. | 49,723 | 7,919,382 | ||
* | Meredith Corp. | 44,176 | 1,927,841 | ||
News Corp., Class A | 402,247 | 9,907,344 | |||
News Corp., Class B | 99,903 | 2,348,720 | |||
Nexstar Media Group, Inc., Class A | 51,781 | 7,615,432 | |||
* | ORBCOMM, Inc. | 45,543 | 514,180 | ||
* | Reading International, Inc., Class A | 8,800 | 46,288 | ||
Saga Communications, Inc., Class A | 8,693 | 189,768 | |||
Scholastic Corp. | 21,511 | 722,985 | |||
Spok Holdings, Inc. | 9,322 | 76,813 | |||
TEGNA, Inc. | 184,139 | 3,262,943 | |||
Telephone and Data Systems, Inc. | 90,571 | 2,024,262 | |||
* | T-Mobile US, Inc. | 282,437 | 40,676,577 | ||
* | TripAdvisor, Inc. | 2,048 | 77,722 | ||
* | United States Cellular Corp. | 12,191 | 443,265 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
COMMUNICATION SERVICES — (Continued) | |||||
Verizon Communications, Inc. | 57,512 | $3,208,019 | |||
ViacomCBS, Inc., Class A | 14,300 | 636,779 | |||
ViacomCBS, Inc., Class B | 3,600 | 147,348 | |||
* | Vimeo, Inc. | 5,336 | 239,053 | ||
* | Walt Disney Co. (The) | 617,798 | 108,744,804 | ||
# * | Zillow Group, Inc., Class A | 26,110 | 2,797,164 | ||
# * | Zillow Group, Inc., Class C | 64,720 | 6,877,147 | ||
* | Zynga, Inc., Class A | 640,800 | 6,472,080 | ||
TOTAL COMMUNICATION SERVICES | 1,103,656,510 | ||||
CONSUMER DISCRETIONARY — (7.4%) | |||||
* | 1-800-Flowers.com, Inc., Class A | 44,330 | 1,352,065 | ||
Aaron's Co., Inc. (The) | 29,215 | 843,437 | |||
Acushnet Holdings Corp. | 2,067 | 105,892 | |||
* | Adtalem Global Education, Inc. | 59,964 | 2,179,092 | ||
Advance Auto Parts, Inc. | 20,070 | 4,256,044 | |||
* | American Axle & Manufacturing Holdings, Inc. | 91,765 | 889,203 | ||
# | American Eagle Outfitters, Inc. | 173,750 | 5,989,162 | ||
* | American Outdoor Brands, Inc. | 16,076 | 433,730 | ||
Aramark | 136,783 | 4,805,187 | |||
* | Asbury Automotive Group, Inc. | 6,182 | 1,270,154 | ||
Autoliv, Inc. | 53,413 | 5,388,303 | |||
* | AutoNation, Inc. | 58,352 | 7,079,848 | ||
* | Barnes & Noble Education, Inc. | 20,210 | 168,753 | ||
Bassett Furniture Industries, Inc. | 2,900 | 66,062 | |||
* | Beazer Homes USA, Inc. | 4,326 | 78,993 | ||
Best Buy Co., Inc. | 15,363 | 1,726,033 | |||
# | Big 5 Sporting Goods Corp. | 10,801 | 236,758 | ||
* | Biglari Holdings, Inc., Class B | 8 | 1,316 | ||
# * | BJ's Restaurants, Inc. | 20,458 | 830,186 | ||
* | Boot Barn Holdings, Inc. | 32,500 | 2,808,650 | ||
# | BorgWarner, Inc. | 203,984 | 9,991,136 | ||
Brunswick Corp. | 63,040 | 6,581,376 | |||
* | Build-A-Bear Workshop, Inc. | 25,874 | 393,285 | ||
Caleres, Inc. | 13,408 | 331,714 | |||
* | Callaway Golf Co. | 108,543 | 3,438,642 | ||
Canterbury Park Holding Corp. | 2,755 | 41,077 | |||
* | Capri Holdings, Ltd. | 129,788 | 7,308,362 | ||
# * | Carnival Corp. | 139,546 | 3,021,171 | ||
Carriage Services, Inc. | 20,916 | 777,657 | |||
* | Carrols Restaurant Group, Inc. | 35,900 | 176,269 | ||
* | Cavco Industries, Inc. | 7,600 | 1,786,000 | ||
Century Communities, Inc. | 14,709 | 1,021,540 | |||
* | Chico's FAS, Inc. | 32,500 | 200,850 | ||
* | Chuy's Holdings, Inc. | 12,152 | 401,016 | ||
* | Citi Trends, Inc. | 5,815 | 463,746 | ||
Columbia Sportswear Co. | 1,785 | 177,822 | |||
* | Conn's, Inc. | 25,450 | 566,008 | ||
» | Contra Zagg, Inc. | 30,497 | 2,745 | ||
Core-Mark Holding Co., Inc. | 96,236 | 4,141,997 | |||
Culp, Inc. | 10,036 | 150,239 | |||
Dana, Inc. | 112,665 | 2,721,986 | |||
* | Deckers Outdoor Corp. | 9,229 | 3,791,735 | ||
* | Delta Apparel, Inc. | 7,532 | 241,024 | ||
# | Dick's Sporting Goods, Inc. | 83,076 | 8,651,535 | ||
Dillard's, Inc., Class A | 75,900 | 13,910,193 | |||
* | Dorman Products, Inc. | 9,311 | 941,808 | ||
DR Horton, Inc. | 225,681 | 21,536,738 | |||
Educational Development Corp. | 3,358 | 35,427 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
CONSUMER DISCRETIONARY — (Continued) | |||||
* | El Pollo Loco Holdings, Inc. | 4,415 | $82,163 | ||
Escalade, Inc. | 277 | 6,288 | |||
Ethan Allen Interiors, Inc. | 23,817 | 566,130 | |||
* | Expedia Group, Inc. | 1 | 161 | ||
* | Fiesta Restaurant Group, Inc. | 10,900 | 145,951 | ||
* | Flanigan's Enterprises, Inc. | 865 | 27,161 | ||
Flexsteel Industries, Inc. | 2,068 | 71,346 | |||
Foot Locker, Inc. | 102,986 | 5,876,381 | |||
* | Ford Motor Co. | 2,868,969 | 40,022,118 | ||
* | Fossil Group, Inc. | 600 | 7,572 | ||
* | General Motors Co. | 1,095,598 | 62,273,790 | ||
* | Genesco, Inc. | 6,456 | 370,897 | ||
Gentex Corp. | 145,810 | 4,961,914 | |||
* | Gentherm, Inc. | 37,081 | 3,075,127 | ||
* | G-III Apparel Group, Ltd. | 31,225 | 932,378 | ||
* | Goodyear Tire & Rubber Co. (The) | 317,648 | 4,990,250 | ||
Graham Holdings Co., Class B | 5,780 | 3,841,735 | |||
* | Green Brick Partners, Inc. | 2,594 | 65,032 | ||
Group 1 Automotive, Inc. | 57,936 | 10,065,801 | |||
Guess?, Inc. | 59,800 | 1,334,736 | |||
Hamilton Beach Brands Holding Co., Class A | 10,413 | 194,619 | |||
Harley-Davidson, Inc. | 3,372 | 133,599 | |||
Haverty Furniture Cos., Inc. | 33,479 | 1,204,909 | |||
# * | Helen of Troy, Ltd. | 61,653 | 13,772,664 | ||
# | Hibbett, Inc. | 20,800 | 1,844,128 | ||
Hooker Furniture Corp. | 14,814 | 491,677 | |||
# * | Hyatt Hotels Corp., Class A | 14,601 | 1,166,182 | ||
# * | International Game Technology P.L.C. | 7,100 | 133,125 | ||
* | J Alexander's Holdings, Inc. | 2,666 | 36,817 | ||
Johnson Outdoors, Inc., Class A | 15,588 | 1,845,152 | |||
KB Home | 30,800 | 1,307,152 | |||
Kohl's Corp. | 144,069 | 7,318,705 | |||
* | Lakeland Industries, Inc. | 9,887 | 266,554 | ||
La-Z-Boy, Inc. | 56,332 | 1,891,629 | |||
LCI Industries | 10,111 | 1,474,386 | |||
Lear Corp. | 51,273 | 8,971,750 | |||
Lennar Corp., Class A | 224,100 | 23,564,115 | |||
Lennar Corp., Class B | 12,506 | 1,079,893 | |||
Lifetime Brands, Inc. | 16,431 | 247,615 | |||
Lithia Motors, Inc., Class A | 34,933 | 13,177,426 | |||
* | LKQ Corp. | 208,413 | 10,576,960 | ||
* | M/I Homes, Inc. | 37,930 | 2,454,450 | ||
* | Macy's, Inc. | 62,400 | 1,060,800 | ||
* | MarineMax, Inc. | 29,164 | 1,568,732 | ||
* | Marriott Vacations Worldwide Corp. | 11,331 | 1,669,849 | ||
» | Media General, Inc. | 25,196 | 1,421 | ||
* | Meritage Homes Corp. | 28,156 | 3,057,178 | ||
MGM Resorts International | 227,871 | 8,551,999 | |||
* | Modine Manufacturing Co. | 14,650 | 245,094 | ||
* | Mohawk Industries, Inc. | 98,740 | 19,244,426 | ||
* | Monarch Casino & Resort, Inc. | 1,103 | 70,427 | ||
Monro, Inc. | 3,100 | 179,800 | |||
* | Motorcar Parts of America, Inc. | 17,638 | 392,269 | ||
Movado Group, Inc. | 21,998 | 661,480 | |||
Murphy USA, Inc. | 34,678 | 5,115,352 | |||
Newell Brands, Inc. | 126,940 | 3,141,765 | |||
# * | Norwegian Cruise Line Holdings, Ltd. | 80,215 | 1,927,566 | ||
* | ODP Corp. (The) | 54,901 | 2,598,464 | ||
Oxford Industries, Inc. | 11,400 | 991,002 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
CONSUMER DISCRETIONARY — (Continued) | |||||
Patrick Industries, Inc. | 13,200 | $1,090,716 | |||
Penske Automotive Group, Inc. | 43,845 | 3,884,667 | |||
* | Perdoceo Education Corp. | 78,974 | 936,632 | ||
PulteGroup, Inc. | 275,833 | 15,134,957 | |||
* | PVH Corp. | 31,964 | 3,344,074 | ||
Qurate Retail, Inc., Class A | 620,725 | 7,361,798 | |||
Ralph Lauren Corp. | 13,658 | 1,550,456 | |||
RCI Hospitality Holdings, Inc. | 12,026 | 754,752 | |||
# * | Red Robin Gourmet Burgers, Inc. | 17,849 | 468,179 | ||
Rocky Brands, Inc. | 8,729 | 474,858 | |||
# * | Royal Caribbean Cruises, Ltd. | 322,500 | 24,790,575 | ||
Shoe Carnival, Inc. | 65,300 | 2,200,610 | |||
* | Skechers U.S.A., Inc., Class A | 146,140 | 7,844,795 | ||
Smith & Wesson Brands, Inc. | 64,307 | 1,507,999 | |||
Sonic Automotive, Inc., Class A | 22,800 | 1,243,740 | |||
* | Sportsman's Warehouse Holdings, Inc. | 21,200 | 374,604 | ||
* | Stamps.com, Inc. | 15,800 | 5,162,808 | ||
Standard Motor Products, Inc. | 37,342 | 1,559,402 | |||
Steven Madden, Ltd. | 35,225 | 1,543,912 | |||
* | Stoneridge, Inc. | 25,661 | 742,886 | ||
Strategic Education, Inc. | 123 | 9,753 | |||
* | Strattec Security Corp. | 5,224 | 215,124 | ||
* | Stride, Inc. | 3,100 | 95,046 | ||
Superior Group of Cos, Inc. | 17,956 | 420,350 | |||
Target Corp. | 259,962 | 67,863,080 | |||
Thor Industries, Inc. | 38,190 | 4,520,168 | |||
Tilly's, Inc., Class A | 18,598 | 275,808 | |||
Toll Brothers, Inc. | 126,380 | 7,490,543 | |||
* | TopBuild Corp. | 35,100 | 7,114,419 | ||
* | Unifi, Inc. | 41,401 | 976,650 | ||
* | Universal Electronics, Inc. | 15,506 | 724,750 | ||
* | Urban Outfitters, Inc. | 31,400 | 1,167,452 | ||
# | Whirlpool Corp. | 50,924 | 11,281,703 | ||
Winnebago Industries, Inc. | 27,135 | 1,950,192 | |||
Wyndham Hotels & Resorts, Inc. | 1 | 72 | |||
* | Zumiez, Inc. | 2,800 | 122,220 | ||
TOTAL CONSUMER DISCRETIONARY | 601,859,778 | ||||
CONSUMER STAPLES — (6.2%) | |||||
Alico, Inc. | 960 | 36,298 | |||
Andersons, Inc. (The) | 30,460 | 813,282 | |||
Archer-Daniels-Midland Co. | 750,362 | 44,811,619 | |||
Bunge, Ltd. | 114,694 | 8,903,695 | |||
Cal-Maine Foods, Inc. | 1,523 | 53,137 | |||
Casey's General Stores, Inc. | 26,905 | 5,319,388 | |||
# * | Central Garden & Pet Co. | 25,184 | 1,216,135 | ||
* | Central Garden & Pet Co., Class A | 48,121 | 2,084,120 | ||
Conagra Brands, Inc. | 144,700 | 4,846,003 | |||
Constellation Brands, Inc., Class A | 3,091 | 693,435 | |||
# * | Coty, Inc., Class A | 71,506 | 624,247 | ||
* | Darling Ingredients, Inc. | 173,938 | 12,013,898 | ||
Flowers Foods, Inc. | 44,317 | 1,044,108 | |||
# | Fresh Del Monte Produce, Inc. | 39,437 | 1,217,026 | ||
# * | Hain Celestial Group, Inc. (The) | 87,292 | 3,483,824 | ||
Ingles Markets, Inc., Class A | 11,437 | 683,475 | |||
Ingredion, Inc. | 62,317 | 5,472,056 | |||
JM Smucker Co. (The) | 108,204 | 14,186,626 | |||
John B. Sanfilippo & Son, Inc. | 10,428 | 963,130 | |||
# | Kroger Co. (The) | 285,863 | 11,634,624 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
CONSUMER STAPLES — (Continued) | |||||
* | Landec Corp. | 37,056 | $405,393 | ||
Limoneira Co. | 6,194 | 110,934 | |||
* | Molson Coors Beverage Co., Class A | 1,288 | 77,950 | ||
# * | Molson Coors Beverage Co., Class B | 133,800 | 6,541,482 | ||
Mondelez International, Inc., Class A | 2,081,099 | 131,650,323 | |||
Natural Grocers by Vitamin Cottage, Inc. | 1,000 | 11,180 | |||
Nature's Sunshine Products, Inc. | 1,029 | 18,100 | |||
Nu Skin Enterprises, Inc., Class A | 3,097 | 166,278 | |||
Oil-Dri Corp. of America | 5,047 | 179,522 | |||
* | Performance Food Group Co. | 50,855 | 2,330,176 | ||
# * | Pilgrim's Pride Corp. | 7,900 | 174,985 | ||
* | Post Holdings, Inc. | 72,415 | 7,410,951 | ||
PriceSmart, Inc. | 4,262 | 382,472 | |||
Sanderson Farms, Inc. | 22,700 | 4,241,268 | |||
Seaboard Corp. | 1,781 | 7,319,910 | |||
* | Seneca Foods Corp., Class A | 6,301 | 344,917 | ||
* | Seneca Foods Corp., Class B | 300 | 16,347 | ||
* | Simply Good Foods Co. (The) | 8,033 | 301,077 | ||
SpartanNash Co. | 33,983 | 660,969 | |||
Spectrum Brands Holdings, Inc. | 6,675 | 583,061 | |||
Tyson Foods, Inc., Class A | 405,030 | 28,943,444 | |||
* | United Natural Foods, Inc. | 2,700 | 89,424 | ||
Universal Corp. | 22,290 | 1,162,646 | |||
* | US Foods Holding Corp. | 208,373 | 7,155,529 | ||
Village Super Market, Inc., Class A | 1,900 | 42,845 | |||
Walgreens Boots Alliance, Inc. | 549,524 | 25,910,057 | |||
Walmart, Inc. | 1,115,621 | 159,031,774 | |||
Weis Markets, Inc. | 11,602 | 610,845 | |||
TOTAL CONSUMER STAPLES | 505,973,985 | ||||
ENERGY — (5.7%) | |||||
Adams Resources & Energy, Inc. | 6,004 | 160,427 | |||
# * | Arch Resources, Inc. | 11,506 | 756,174 | ||
Archrock, Inc. | 69,200 | 595,812 | |||
Bonanza Creek Energy, Inc. | 6,200 | 238,514 | |||
* | Bristow Group, Inc. | 3,352 | 87,085 | ||
Chevron Corp. | 1,033,148 | 105,184,798 | |||
* | CNX Resources Corp. | 154,203 | 1,865,856 | ||
ConocoPhillips | 1,439,649 | 80,706,723 | |||
* | CONSOL Energy, Inc. | 3,800 | 79,838 | ||
# * | Dawson Geophysical Co. | 21,211 | 57,482 | ||
Delek US Holdings, Inc. | 52,256 | 908,209 | |||
Devon Energy Corp. | 87,794 | 2,268,597 | |||
* | DMC Global, Inc. | 372 | 16,282 | ||
* | Dorian LPG, Ltd. | 7,304 | 88,378 | ||
* | Earthstone Energy, Inc., Class A | 8,400 | 82,572 | ||
Evolution Petroleum Corp. | 17,727 | 74,808 | |||
* | Exterran Corp. | 22,548 | 98,760 | ||
Exxon Mobil Corp. | 666,348 | 38,361,654 | |||
# * | Green Plains, Inc. | 21,234 | 750,834 | ||
Halliburton Co. | 666,057 | 13,774,059 | |||
Helmerich & Payne, Inc. | 62,000 | 1,777,540 | |||
Hess Corp. | 146,488 | 11,197,543 | |||
HollyFrontier Corp. | 39,410 | 1,158,654 | |||
International Seaways, Inc. | 12 | 197 | |||
Kinder Morgan, Inc. | 416,091 | 7,231,662 | |||
* | Kosmos Energy, Ltd. | 26,900 | 62,139 | ||
Marathon Oil Corp. | 467,019 | 5,412,750 | |||
Marathon Petroleum Corp. | 1,004,662 | 55,477,436 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
ENERGY — (Continued) | |||||
Murphy Oil Corp. | 28,000 | $607,880 | |||
* | Nabors Industries, Ltd. | 640 | 56,006 | ||
NACCO Industries, Inc., Class A | 6,832 | 171,278 | |||
* | Natural Gas Services Group, Inc. | 10,028 | 100,280 | ||
* | Newpark Resources, Inc. | 73,721 | 238,119 | ||
* | NexTier Oilfield Solutions, Inc. | 1,400 | 5,348 | ||
Patterson-UTI Energy, Inc. | 1,400 | 11,228 | |||
PDC Energy, Inc. | 21,789 | 861,755 | |||
Phillips 66 | 723,574 | 53,132,039 | |||
Pioneer Natural Resources Co. | 122,117 | 17,752,148 | |||
* | ProPetro Holding Corp. | 5,764 | 43,518 | ||
* | REX American Resources Corp. | 4,050 | 332,100 | ||
Schlumberger, N.V. | 85,000 | 2,450,550 | |||
* | SEACOR Marine Holdings, Inc. | 12,678 | 49,191 | ||
SFL Corp., Ltd. | 12,481 | 85,745 | |||
* | SilverBow Resources, Inc. | 3,019 | 59,837 | ||
SM Energy Co. | 13,000 | 243,100 | |||
# * | Southwestern Energy Co. | 377,255 | 1,776,871 | ||
Targa Resources Corp. | 26,979 | 1,136,086 | |||
Valero Energy Corp. | 605,899 | 40,577,056 | |||
Williams Cos., Inc. (The) | 352,897 | 8,840,070 | |||
World Fuel Services Corp. | 28,812 | 992,862 | |||
TOTAL ENERGY | 457,997,850 | ||||
FINANCIALS — (21.3%) | |||||
1st Constitution Bancorp | 692 | 14,940 | |||
1st Source Corp. | 45,305 | 2,074,516 | |||
Affiliated Managers Group, Inc. | 31,797 | 5,037,917 | |||
Aflac, Inc. | 337,222 | 18,547,210 | |||
* | Alleghany Corp. | 3,115 | 2,065,557 | ||
Allstate Corp. (The) | 157,339 | 20,461,937 | |||
American Equity Investment Life Holding Co. | 89,529 | 2,872,986 | |||
American Financial Group, Inc. | 156,083 | 19,742,939 | |||
American International Group, Inc. | 169,239 | 8,013,467 | |||
American National Group, Inc. | 22,561 | 3,722,114 | |||
Ameris Bancorp | 6,370 | 309,646 | |||
AmeriServ Financial, Inc. | 30,968 | 117,369 | |||
* | Arch Capital Group, Ltd. | 9,282 | 361,998 | ||
Argo Group International Holdings, Ltd. | 59,381 | 3,095,532 | |||
Associated Banc-Corp | 34,231 | 677,774 | |||
Assurant, Inc. | 65,820 | 10,387,054 | |||
Assured Guaranty, Ltd. | 122,989 | 5,880,104 | |||
Atlantic Union Bankshares Corp. | 68,946 | 2,445,515 | |||
* | Atlanticus Holdings Corp. | 12,567 | 546,413 | ||
Banc of California, Inc. | 4,100 | 70,192 | |||
* | Bancorp, Inc. (The) | 14,759 | 344,918 | ||
BancorpSouth Bank | 52,027 | 1,342,297 | |||
Bank of America Corp. | 5,929,137 | 227,441,695 | |||
Bank of New York Mellon Corp. (The) | 491,755 | 25,241,784 | |||
Bank OZK | 18,531 | 754,397 | |||
BankFinancial Corp. | 16,687 | 190,566 | |||
BankUnited, Inc. | 42,709 | 1,690,422 | |||
Banner Corp. | 34,593 | 1,834,813 | |||
Bar Harbor Bankshares | 2,733 | 78,273 | |||
BCB Bancorp, Inc. | 1,059 | 15,927 | |||
* | Berkshire Hathaway, Inc., Class B | 428,203 | 119,164,613 | ||
Berkshire Hills Bancorp, Inc. | 18,119 | 489,938 | |||
* | Blucora, Inc. | 57,127 | 963,161 | ||
BOK Financial Corp. | 26,900 | 2,259,869 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
Brookline Bancorp, Inc. | 90,600 | $1,301,922 | |||
Capital City Bank Group, Inc. | 14,283 | 347,648 | |||
Capital One Financial Corp. | 333,920 | 53,994,864 | |||
Cathay General Bancorp | 85,940 | 3,254,548 | |||
* | CCUR Holdings, Inc. | 3 | 20,214 | ||
Century Bancorp, Inc., Class A | 295 | 33,742 | |||
Chemung Financial Corp. | 300 | 13,770 | |||
Chubb, Ltd. | 64,312 | 10,852,007 | |||
Cincinnati Financial Corp. | 12,284 | 1,448,038 | |||
CIT Group, Inc. | 60,259 | 2,906,894 | |||
Citigroup, Inc. | 1,441,183 | 97,452,794 | |||
Citizens Community Bancorp, Inc. | 10,355 | 143,417 | |||
Citizens Financial Group, Inc. | 2,265 | 95,492 | |||
CME Group, Inc. | 1 | 212 | |||
CNA Financial Corp. | 51,474 | 2,265,371 | |||
CNO Financial Group, Inc. | 301,264 | 6,880,870 | |||
Codorus Valley Bancorp, Inc. | 165 | 3,602 | |||
Columbia Banking System, Inc. | 69,936 | 2,443,564 | |||
Comerica, Inc. | 47,590 | 3,267,529 | |||
Community Bankers Trust Corp. | 5,917 | 62,720 | |||
Community Financial Corp. (The) | 408 | 14,916 | |||
Community Trust Bancorp, Inc. | 18,195 | 723,433 | |||
Community West Bancshares | 400 | 5,232 | |||
ConnectOne Bancorp, Inc. | 38,800 | 1,020,440 | |||
* | Consumer Portfolio Services, Inc. | 26,500 | 131,705 | ||
Cowen, Inc., Class A | 3,989 | 159,480 | |||
Cullen/Frost Bankers, Inc. | 500 | 53,660 | |||
* | Customers Bancorp, Inc. | 2,290 | 82,944 | ||
Donegal Group, Inc., Class A | 12,386 | 191,611 | |||
* | Donnelley Financial Solutions, Inc. | 6,900 | 222,249 | ||
Eagle Bancorp Montana, Inc. | 1,000 | 22,200 | |||
East West Bancorp, Inc. | 87,046 | 6,193,323 | |||
Employers Holdings, Inc. | 27,567 | 1,144,582 | |||
* | Equity Bancshares, Inc., Class A | 2,393 | 70,498 | ||
ESSA Bancorp, Inc. | 8,217 | 134,184 | |||
Evans Bancorp, Inc. | 1,681 | 65,677 | |||
Everest Re Group, Ltd. | 34,913 | 8,827,054 | |||
FB Financial Corp. | 5,150 | 194,722 | |||
Federal Agricultural Mortgage Corp., Class A | 177 | 16,521 | |||
Federal Agricultural Mortgage Corp., Class C | 9,500 | 926,250 | |||
FedNat Holding Co. | 13,665 | 34,572 | |||
Fifth Third Bancorp | 380,432 | 13,805,877 | |||
Financial Institutions, Inc. | 296 | 8,714 | |||
First American Financial Corp. | 71,961 | 4,843,695 | |||
First BanCorp | 149,954 | 1,818,942 | |||
First BanCorp | 16,138 | 645,520 | |||
First Busey Corp. | 27,120 | 640,032 | |||
First Business Financial Services, Inc. | 964 | 26,587 | |||
First Citizens BancShares, Inc., Class A | 8,627 | 6,751,404 | |||
First Commonwealth Financial Corp. | 81,147 | 1,068,706 | |||
First Financial Bancorp | 65,406 | 1,471,635 | |||
First Financial Corp. | 1,147 | 45,937 | |||
First Financial Northwest, Inc. | 25,371 | 408,473 | |||
First Hawaiian, Inc. | 67,992 | 1,871,820 | |||
First Horizon Corp. | 185,460 | 2,865,357 | |||
First Internet Bancorp | 5,329 | 161,362 | |||
First Interstate BancSystem, Inc., Class A | 7,320 | 306,854 | |||
First Merchants Corp. | 40,115 | 1,633,884 | |||
First Midwest Bancorp, Inc. | 64,235 | 1,152,376 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
First United Corp. | 1,266 | $21,914 | |||
Flagstar Bancorp, Inc. | 9,232 | 422,456 | |||
FNB Corp. | 80,914 | 927,274 | |||
Fulton Financial Corp. | 140,780 | 2,156,750 | |||
Global Indemnity Group LLC, Class A | 8,282 | 212,930 | |||
Goldman Sachs Group, Inc. (The) | 198,993 | 74,598,496 | |||
Great Southern Bancorp, Inc. | 1,616 | 84,080 | |||
Great Western Bancorp, Inc. | 1,323 | 40,748 | |||
Guaranty Federal Bancshares, Inc. | 1,684 | 40,702 | |||
* | Hallmark Financial Services, Inc. | 16,734 | 79,821 | ||
Hanmi Financial Corp. | 3,221 | 58,719 | |||
Hanover Insurance Group, Inc. (The) | 88,829 | 12,071,861 | |||
Hartford Financial Services Group, Inc. (The) | 245,844 | 15,640,595 | |||
Heartland Financial USA, Inc. | 465 | 21,213 | |||
Hilltop Holdings, Inc. | 26,171 | 829,097 | |||
* | HMN Financial, Inc. | 3,456 | 76,758 | ||
Home Bancorp, Inc. | 719 | 25,251 | |||
Home BancShares, Inc. | 49,545 | 1,049,363 | |||
HomeStreet, Inc. | 2,200 | 82,962 | |||
Hope Bancorp, Inc. | 95,411 | 1,264,196 | |||
Horace Mann Educators Corp. | 58,206 | 2,317,181 | |||
Huntington Bancshares, Inc. | 1,172,438 | 16,507,927 | |||
Independence Holding Co. | 500 | 22,370 | |||
Independent Bank Corp. | 339 | 23,961 | |||
Independent Bank Group, Inc. | 40,199 | 2,801,870 | |||
International Bancshares Corp. | 23,718 | 926,899 | |||
Investors Bancorp, Inc. | 81,912 | 1,132,024 | |||
Investors Title Co. | 1,069 | 178,021 | |||
Janus Henderson Group P.L.C. | 11,721 | 490,407 | |||
JPMorgan Chase & Co. | 2,222,674 | 337,357,460 | |||
Kemper Corp. | 40,117 | 2,648,123 | |||
KeyCorp | 526,210 | 10,345,289 | |||
Lakeland Bancorp, Inc. | 55,240 | 904,279 | |||
Landmark Bancorp, Inc. | 2,765 | 76,342 | |||
Lincoln National Corp. | 22,300 | 1,374,126 | |||
Loews Corp. | 243,798 | 13,074,887 | |||
M&T Bank Corp. | 35,300 | 4,724,905 | |||
Mackinac Financial Corp. | 6,893 | 139,721 | |||
Marlin Business Services Corp. | 13,787 | 311,035 | |||
* | MBIA, Inc. | 82,267 | 1,073,584 | ||
Mercantile Bank Corp. | 4,422 | 138,188 | |||
Meridian Bancorp, Inc. | 1,000 | 19,110 | |||
Meridian Corp. | 511 | 13,797 | |||
MetLife, Inc. | 318,167 | 18,358,236 | |||
MGIC Investment Corp. | 340,167 | 4,707,911 | |||
Middlefield Banc Corp. | 452 | 10,871 | |||
MidWestOne Financial Group, Inc. | 346 | 10,079 | |||
Morgan Stanley | 1,127,557 | 108,222,921 | |||
MVB Financial Corp. | 716 | 29,678 | |||
National Western Life Group, Inc., Class A | 900 | 187,101 | |||
Navient Corp. | 61,729 | 1,261,123 | |||
Nelnet, Inc., Class A | 16,900 | 1,272,570 | |||
New York Community Bancorp, Inc. | 143,245 | 1,687,426 | |||
» | NewStar Financial, Inc. | 41,166 | 4,182 | ||
Northfield Bancorp, Inc. | 2,300 | 37,835 | |||
Northrim BanCorp, Inc. | 5,734 | 234,062 | |||
Northwest Bancshares, Inc. | 109,427 | 1,456,473 | |||
OceanFirst Financial Corp. | 5,466 | 106,587 | |||
OFG Bancorp | 34,148 | 788,819 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
Old National Bancorp | 66,704 | $1,073,267 | |||
Old Republic International Corp. | 171,727 | 4,234,788 | |||
OneMain Holdings, Inc. | 68,655 | 4,187,955 | |||
Oppenheimer Holdings, Inc., Class A | 3,097 | 139,210 | |||
* | Pacific Mercantile Bancorp | 4,866 | 40,728 | ||
Pacific Premier Bancorp, Inc. | 3,466 | 131,639 | |||
PacWest Bancorp | 88,630 | 3,529,247 | |||
Parke Bancorp, Inc. | 660 | 13,174 | |||
Peoples Bancorp of North Carolina, Inc. | 275 | 7,549 | |||
Peoples Bancorp, Inc. | 15,923 | 469,569 | |||
People's United Financial, Inc. | 77,200 | 1,212,040 | |||
Pinnacle Financial Partners, Inc. | 13,681 | 1,225,954 | |||
PNC Financial Services Group, Inc. (The) | 158,525 | 28,916,545 | |||
Popular, Inc. | 56,536 | 4,113,559 | |||
* | PRA Group, Inc. | 3,923 | 152,173 | ||
Premier Financial Bancorp, Inc. | 9,004 | 153,248 | |||
Premier Financial Corp. | 21,760 | 582,733 | |||
Primis Financial Corp. | 193 | 3,001 | |||
Principal Financial Group, Inc. | 218,754 | 13,591,186 | |||
PROG Holdings, Inc. | 57,230 | 2,504,957 | |||
Prosperity Bancshares, Inc. | 39,489 | 2,692,755 | |||
Provident Financial Holdings, Inc. | 4,144 | 69,868 | |||
Provident Financial Services, Inc. | 64,659 | 1,396,634 | |||
Prudential Bancorp, Inc. | 1,222 | 17,230 | |||
Prudential Financial, Inc. | 220,446 | 22,106,325 | |||
Radian Group, Inc. | 167,314 | 3,777,950 | |||
Regions Financial Corp. | 1,302,555 | 25,074,184 | |||
Reinsurance Group of America, Inc. | 153,566 | 16,919,902 | |||
Renasant Corp. | 44,538 | 1,566,847 | |||
Riverview Bancorp, Inc. | 1,682 | 11,740 | |||
Safety Insurance Group, Inc. | 24,000 | 1,838,880 | |||
# | Salisbury Bancorp, Inc. | 300 | 14,193 | ||
Sandy Spring Bancorp, Inc. | 10,325 | 429,417 | |||
Santander Consumer USA Holdings, Inc. | 48,660 | 1,996,520 | |||
SB Financial Group, Inc. | 1,128 | 20,733 | |||
* | Select Bancorp, Inc. | 2,728 | 43,375 | ||
Selective Insurance Group, Inc. | 45,200 | 3,677,020 | |||
Severn Bancorp, Inc. | 1,399 | 16,914 | |||
Signature Bank | 26,062 | 5,915,292 | |||
Simmons First National Corp., Class A | 52,445 | 1,427,553 | |||
South State Corp. | 7,796 | 536,677 | |||
State Auto Financial Corp. | 15,100 | 755,000 | |||
State Street Corp. | 60,004 | 5,228,749 | |||
Sterling Bancorp | 110,271 | 2,393,983 | |||
Stewart Information Services Corp. | 21,171 | 1,249,301 | |||
Stifel Financial Corp. | 110,400 | 7,346,016 | |||
* | SVB Financial Group | 332 | 182,587 | ||
Synchrony Financial | 544,549 | 25,604,694 | |||
Synovus Financial Corp. | 113,409 | 4,638,428 | |||
Territorial Bancorp, Inc. | 823 | 21,019 | |||
* | Texas Capital Bancshares, Inc. | 22,592 | 1,422,844 | ||
Timberland Bancorp, Inc. | 3,971 | 114,206 | |||
Tiptree, Inc. | 37,071 | 356,252 | |||
Towne Bank | 10,057 | 299,799 | |||
Travelers Cos., Inc. (The) | 168,250 | 25,055,790 | |||
TriCo Bancshares | 854 | 33,673 | |||
Truist Financial Corp. | 345,238 | 18,791,304 | |||
Trustmark Corp. | 53,239 | 1,598,235 | |||
U.S. Bancorp. | 5,300 | 294,362 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
UMB Financial Corp. | 6,961 | $651,550 | |||
Umpqua Holdings Corp. | 52,732 | 995,053 | |||
United Bankshares, Inc. | 22,529 | 778,152 | |||
United Community Banks, Inc. | 9,172 | 264,245 | |||
United Fire Group, Inc. | 17,415 | 433,982 | |||
United Security Bancshares | 8,637 | 69,701 | |||
Unity Bancorp, Inc. | 3,592 | 79,778 | |||
Universal Insurance Holdings, Inc. | 900 | 12,744 | |||
Univest Financial Corp. | 2,256 | 61,724 | |||
Unum Group | 454,906 | 12,464,424 | |||
Valley National Bancorp | 45,155 | 582,048 | |||
Virtus Investment Partners, Inc. | 3,700 | 1,021,681 | |||
Voya Financial, Inc. | 24,457 | 1,575,031 | |||
Washington Federal, Inc. | 97,887 | 3,158,814 | |||
Waterstone Financial, Inc. | 8,526 | 168,218 | |||
Webster Financial Corp. | 22,479 | 1,081,240 | |||
Wells Fargo & Co. | 1,288,810 | 59,207,931 | |||
WesBanco, Inc. | 34,796 | 1,123,215 | |||
Western New England Bancorp, Inc. | 13,698 | 115,885 | |||
Wintrust Financial Corp. | 47,328 | 3,379,219 | |||
WSFS Financial Corp. | 40,724 | 1,782,897 | |||
Zions Bancorp NA | 121,745 | 6,349,002 | |||
TOTAL FINANCIALS | 1,726,067,372 | ||||
HEALTH CARE — (17.7%) | |||||
Abbott Laboratories | 915,297 | 110,732,631 | |||
AbbVie, Inc. | 1 | 116 | |||
# * | Acadia Healthcare Co., Inc. | 68,394 | 4,221,278 | ||
* | Addus HomeCare Corp. | 2,044 | 177,399 | ||
* | Allscripts Healthcare Solutions, Inc. | 33,823 | 577,697 | ||
* | AMN Healthcare Services, Inc. | 3,400 | 341,904 | ||
* | AngioDynamics, Inc. | 2,154 | 57,361 | ||
* | Anika Therapeutics, Inc. | 14,671 | 588,747 | ||
Anthem, Inc. | 504,640 | 193,786,806 | |||
* | Arena Pharmaceuticals, Inc. | 2,796 | 172,961 | ||
AstraZeneca P.L.C., Sponsored ADR | 217,026 | 12,422,568 | |||
Becton Dickinson and Co. | 409 | 104,602 | |||
* | Biogen, Inc. | 668 | 218,256 | ||
* | Bio-Rad Laboratories, Inc., Class A | 6,342 | 4,689,972 | ||
Bristol-Myers Squibb Co. | 442,536 | 30,034,918 | |||
* | Brookdale Senior Living, Inc. | 106,229 | 798,842 | ||
* | Catalent, Inc. | 16,700 | 2,000,827 | ||
* | Centene Corp. | 102,379 | 7,024,223 | ||
Cigna Corp. | 285,386 | 65,493,233 | |||
CONMED Corp. | 43,239 | 5,964,388 | |||
Cooper Cos., Inc. (The) | 13,956 | 5,886,222 | |||
# * | Covetrus, Inc. | 7,558 | 192,427 | ||
* | Cross Country Healthcare, Inc. | 33,795 | 554,914 | ||
* | CryoLife, Inc. | 17,502 | 472,554 | ||
* | Cumberland Pharmaceuticals, Inc. | 23,319 | 75,787 | ||
CVS Health Corp. | 1,510,745 | 124,424,958 | |||
Danaher Corp. | 375,873 | 111,818,459 | |||
* | DaVita, Inc. | 70,953 | 8,532,098 | ||
DENTSPLY SIRONA, Inc. | 67,083 | 4,430,161 | |||
* | Elanco Animal Health, Inc. | 300 | 10,941 | ||
# * | Emergent BioSolutions, Inc. | 30,178 | 1,988,730 | ||
# * | Envista Holdings Corp. | 163,737 | 7,053,790 | ||
* | Enzo Biochem, Inc. | 6,287 | 20,496 | ||
* | Exelixis, Inc. | 31,444 | 529,831 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
HEALTH CARE — (Continued) | |||||
* | FONAR Corp. | 1,460 | $24,703 | ||
Gilead Sciences, Inc. | 18,864 | 1,288,223 | |||
* | Globus Medical, Inc., Class A | 13,207 | 1,098,426 | ||
* | Harvard Bioscience, Inc. | 16,180 | 127,660 | ||
* | Horizon Therapeutics P.L.C. | 45,000 | 4,500,900 | ||
Humana, Inc. | 198,071 | 84,350,516 | |||
* | Integer Holdings Corp. | 41,672 | 4,079,272 | ||
* | IntriCon Corp. | 8,135 | 195,240 | ||
* | Jazz Pharmaceuticals P.L.C. | 44,811 | 7,596,361 | ||
* | Kewaunee Scientific Corp. | 1,631 | 21,725 | ||
* | Laboratory Corp. of America Holdings | 9,871 | 2,923,297 | ||
* | LHC Group, Inc. | 30,318 | 6,523,827 | ||
* | Magellan Health, Inc. | 200 | 18,864 | ||
* » | MedCath Corp. | 29,240 | 0 | ||
* | Medpace Holdings, Inc. | 800 | 140,752 | ||
Medtronic P.L.C. | 814,175 | 106,909,319 | |||
* | Meridian Bioscience, Inc. | 37,500 | 768,750 | ||
* | Merit Medical Systems, Inc. | 27,130 | 1,901,542 | ||
* | ModivCare, Inc. | 9,300 | 1,581,000 | ||
* | Molina Healthcare, Inc. | 18,941 | 5,171,082 | ||
* | Myriad Genetics, Inc. | 1,987 | 62,849 | ||
National HealthCare Corp. | 6,880 | 534,232 | |||
* | Natus Medical, Inc. | 16,198 | 432,487 | ||
* | NuVasive, Inc. | 4,355 | 278,502 | ||
* | Omnicell, Inc. | 35,405 | 5,186,832 | ||
* | OraSure Technologies, Inc. | 69,400 | 818,226 | ||
Patterson Cos., Inc. | 12,992 | 404,441 | |||
PerkinElmer, Inc. | 76,500 | 13,940,595 | |||
Perrigo Co. P.L.C. | 36,061 | 1,732,010 | |||
Pfizer, Inc. | 3,696,959 | 158,266,815 | |||
Premier, Inc., Class A | 13,070 | 465,815 | |||
* | Prestige Consumer Healthcare, Inc. | 111,489 | 5,858,747 | ||
Quest Diagnostics, Inc. | 20,299 | 2,878,398 | |||
Select Medical Holdings Corp. | 124,004 | 4,891,958 | |||
STERIS P.L.C. | 200 | 43,590 | |||
* | Supernus Pharmaceuticals, Inc. | 523 | 13,771 | ||
* | Surgalign Holdings, Inc. | 48,158 | 52,492 | ||
* | Surmodics, Inc. | 5,593 | 308,230 | ||
* | Syneos Health, Inc. | 37,367 | 3,350,699 | ||
* | Taro Pharmaceutical Industries, Ltd. | 3,478 | 247,634 | ||
Teleflex, Inc. | 19,840 | 7,885,011 | |||
Thermo Fisher Scientific, Inc. | 435,609 | 235,233,216 | |||
* | Triple-S Management Corp., Class B | 21,741 | 528,959 | ||
* | United Therapeutics Corp. | 16,900 | 3,074,617 | ||
UnitedHealth Group, Inc. | 91,816 | 37,848,391 | |||
Universal Health Services, Inc., Class B | 38,927 | 6,244,280 | |||
* | Vanda Pharmaceuticals, Inc. | 700 | 11,417 | ||
# * | Varex Imaging Corp. | 5,400 | 147,420 | ||
Viatris, Inc. | 573,585 | 8,070,341 | |||
Zimmer Biomet Holdings, Inc. | 34,405 | 5,622,465 | |||
TOTAL HEALTH CARE | 1,439,055,996 | ||||
INDUSTRIALS — (13.9%) | |||||
* | AAR Corp. | 35,596 | 1,272,913 | ||
ABM Industries, Inc. | 76,400 | 3,551,836 | |||
Acme United Corp. | 1,030 | 43,569 | |||
Acuity Brands, Inc. | 32,822 | 5,756,322 | |||
* | AECOM | 22,080 | 1,390,157 | ||
* | AeroVironment, Inc. | 35,065 | 3,545,072 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
AGCO Corp. | 73,273 | $9,680,096 | |||
Air Lease Corp. | 74,037 | 3,136,207 | |||
* | Air Transport Services Group, Inc. | 21,308 | 515,654 | ||
Alamo Group, Inc. | 22,751 | 3,339,164 | |||
* | Alaska Air Group, Inc. | 114,992 | 6,672,986 | ||
Albany International Corp., Class A | 20,551 | 1,774,579 | |||
* | Allegiant Travel Co. | 5,054 | 960,866 | ||
Allied Motion Technologies, Inc. | 2,187 | 71,974 | |||
Altra Industrial Motion Corp. | 15,484 | 970,537 | |||
AMERCO | 29,431 | 17,304,251 | |||
* | Ameresco, Inc., Class A | 981 | 67,228 | ||
* | American Woodmark Corp. | 17,504 | 1,299,672 | ||
Apogee Enterprises, Inc. | 36,374 | 1,442,957 | |||
Applied Industrial Technologies, Inc. | 11,718 | 1,051,105 | |||
ArcBest Corp. | 12,135 | 717,300 | |||
Arcosa, Inc. | 61,271 | 3,355,200 | |||
Argan, Inc. | 14,321 | 643,729 | |||
* | ASGN, Inc. | 55,051 | 5,567,308 | ||
Astec Industries, Inc. | 22,925 | 1,405,532 | |||
* | Atlas Air Worldwide Holdings, Inc. | 29,094 | 1,948,425 | ||
AZZ, Inc. | 19,600 | 1,038,604 | |||
Barnes Group, Inc. | 52,200 | 2,644,974 | |||
* | Beacon Roofing Supply, Inc. | 32,799 | 1,754,091 | ||
Boise Cascade Co. | 43,464 | 2,223,184 | |||
Brady Corp., Class A | 55,500 | 3,034,740 | |||
* | Builders FirstSource, Inc. | 97,217 | 4,326,156 | ||
* | CACI International, Inc., Class A | 27,304 | 7,289,076 | ||
CAI International, Inc. | 17,082 | 953,346 | |||
Carlisle Cos., Inc. | 42,219 | 8,538,371 | |||
Carrier Global Corp. | 245,098 | 13,541,664 | |||
* | CBIZ, Inc. | 39,049 | 1,262,845 | ||
* | CECO Environmental Corp. | 3,773 | 26,562 | ||
* | Chart Industries, Inc. | 23,620 | 3,671,729 | ||
Chicago Rivet & Machine Co. | 700 | 18,865 | |||
* | CIRCOR International, Inc. | 6,849 | 211,223 | ||
* | Clean Harbors, Inc. | 40,519 | 3,849,305 | ||
* | Colfax Corp. | 17,646 | 809,598 | ||
Columbus McKinnon Corp. | 17,542 | 813,949 | |||
Comfort Systems USA, Inc. | 44,560 | 3,330,860 | |||
* | Commercial Vehicle Group, Inc. | 15,404 | 140,793 | ||
CompX International, Inc. | 500 | 9,300 | |||
# * | Copa Holdings SA, Class A | 28,852 | 2,045,895 | ||
* | Covenant Logistics Group, Inc. | 7,080 | 148,751 | ||
CRA International, Inc. | 7,613 | 652,662 | |||
Crane Co. | 17,597 | 1,710,956 | |||
CSW Industrials, Inc. | 300 | 35,487 | |||
CSX Corp. | 3,024,000 | 97,735,680 | |||
Cummins, Inc. | 1,500 | 348,150 | |||
Curtiss-Wright Corp. | 46,353 | 5,483,560 | |||
Deere & Co. | 12,600 | 4,556,034 | |||
Douglas Dynamics, Inc. | 14,892 | 594,191 | |||
* | Ducommun, Inc. | 12,645 | 682,198 | ||
* | DXP Enterprises, Inc. | 16,202 | 528,995 | ||
* | Dycom Industries, Inc. | 8,097 | 561,932 | ||
Eastern Co. (The) | 10,193 | 299,266 | |||
Eaton Corp. P.L.C. | 265,270 | 41,925,923 | |||
* | Echo Global Logistics, Inc. | 31,380 | 970,583 | ||
EMCOR Group, Inc. | 63,171 | 7,694,860 | |||
Encore Wire Corp. | 24,066 | 1,887,496 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
Enerpac Tool Group Corp. | 21,000 | $539,070 | |||
EnerSys | 44,939 | 4,433,682 | |||
Ennis, Inc. | 30,835 | 609,608 | |||
ESCO Technologies, Inc. | 29,848 | 2,816,756 | |||
Espey Manufacturing & Electronics Corp. | 1,671 | 25,182 | |||
Federal Signal Corp. | 71,923 | 2,848,870 | |||
FedEx Corp. | 144,562 | 40,470,132 | |||
Flowserve Corp. | 52,147 | 2,194,867 | |||
Fortune Brands Home & Security, Inc. | 123,726 | 12,059,573 | |||
Forward Air Corp. | 5,747 | 508,265 | |||
* | Franklin Covey Co. | 3,046 | 111,453 | ||
Franklin Electric Co., Inc. | 21,158 | 1,729,878 | |||
* | FTI Consulting, Inc. | 43,936 | 6,401,475 | ||
GATX Corp. | 65,445 | 6,037,301 | |||
* | Gencor Industries, Inc. | 13,149 | 154,369 | ||
General Dynamics Corp. | 12,462 | 2,442,926 | |||
General Electric Co. | 513,268 | 6,646,821 | |||
* | Gibraltar Industries, Inc. | 34,903 | 2,606,556 | ||
Gorman-Rupp Co. (The) | 22,062 | 787,393 | |||
* | GP Strategies Corp. | 18,583 | 378,164 | ||
* | Great Lakes Dredge & Dock Corp. | 69,820 | 1,075,228 | ||
Greenbrier Cos., Inc. (The) | 23,651 | 1,012,263 | |||
Griffon Corp. | 40,152 | 928,314 | |||
* | Hawaiian Holdings, Inc. | 12,054 | 237,825 | ||
Heartland Express, Inc. | 13,705 | 233,396 | |||
Heidrick & Struggles International, Inc. | 18,634 | 795,858 | |||
* | Herc Holdings, Inc. | 1,679 | 208,263 | ||
* | Heritage-Crystal Clean, Inc. | 7,665 | 216,000 | ||
Herman Miller, Inc. | 26,278 | 1,133,896 | |||
Hillenbrand, Inc. | 15,748 | 713,384 | |||
* | Howmet Aerospace, Inc. | 222,905 | 7,315,742 | ||
* | Hub Group, Inc., Class A | 1,944 | 128,848 | ||
Hubbell, Inc. | 17,724 | 3,552,953 | |||
Hurco Cos., Inc. | 7,910 | 268,465 | |||
* | Huron Consulting Group, Inc. | 16,999 | 835,161 | ||
Hyster-Yale Materials Handling, Inc. | 12,246 | 877,303 | |||
* | IAA, Inc. | 1 | 60 | ||
ICF International, Inc. | 31,660 | 2,899,106 | |||
* | Ingersoll Rand, Inc. | 193,247 | 9,443,981 | ||
Insteel Industries, Inc. | 17,578 | 682,554 | |||
Interface, Inc. | 9,774 | 140,941 | |||
ITT, Inc. | 92,819 | 9,087,908 | |||
* | JELD-WEN Holding, Inc. | 4,547 | 120,405 | ||
# * | JetBlue Airways Corp. | 324,893 | 4,805,167 | ||
Kadant, Inc. | 10,486 | 1,888,843 | |||
Kaman Corp. | 14,056 | 623,384 | |||
* | KAR Auction Services, Inc. | 18,100 | 298,288 | ||
KBR, Inc. | 105,229 | 4,072,362 | |||
Kennametal, Inc. | 49,746 | 1,803,293 | |||
Kimball International, Inc., Class B | 38,632 | 478,264 | |||
Knight-Swift Transportation Holdings, Inc. | 84,110 | 4,179,426 | |||
Korn Ferry | 63,010 | 4,331,307 | |||
* | Kratos Defense & Security Solutions, Inc. | 2,711 | 73,739 | ||
L3Harris Technologies, Inc. | 127,356 | 28,876,699 | |||
* | Lawson Products, Inc. | 8,847 | 464,379 | ||
* | LB Foster Co., Class A | 4,904 | 89,057 | ||
LSI Industries, Inc. | 15,841 | 119,283 | |||
* | Lydall, Inc. | 15,605 | 955,026 | ||
Macquarie Infrastructure Corp. | 16,662 | 658,149 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
ManpowerGroup, Inc. | 57,319 | $6,796,887 | |||
ManTech International Corp., Class A | 30,048 | 2,627,998 | |||
Marten Transport, Ltd. | 119,454 | 1,889,762 | |||
* | Masonite International Corp. | 19,500 | 2,206,620 | ||
# * | MasTec, Inc. | 63,539 | 6,432,053 | ||
* | Matrix Service Co. | 17,846 | 194,700 | ||
Matson, Inc. | 62,316 | 4,182,650 | |||
Matthews International Corp., Class A | 4,487 | 155,250 | |||
McGrath RentCorp | 22,452 | 1,760,686 | |||
* | Mercury Systems, Inc. | 2,055 | 135,630 | ||
# * | Middleby Corp. (The) | 6,600 | 1,263,834 | ||
Miller Industries, Inc. | 20,099 | 753,913 | |||
Moog, Inc., Class A | 35,839 | 2,790,783 | |||
* | MRC Global, Inc. | 85,594 | 784,897 | ||
MSC Industrial Direct Co., Inc., Class A | 3,500 | 312,095 | |||
Mueller Industries, Inc. | 44,012 | 1,910,121 | |||
Mueller Water Products, Inc., Class A | 72,387 | 1,072,775 | |||
* | MYR Group, Inc. | 19,582 | 1,872,627 | ||
National Presto Industries, Inc. | 5,471 | 527,842 | |||
Nielsen Holdings P.L.C. | 17,000 | 402,730 | |||
NL Industries, Inc. | 100 | 603 | |||
* | NN, Inc. | 9,957 | 68,106 | ||
Norfolk Southern Corp. | 545,229 | 140,576,393 | |||
* | Northwest Pipe Co. | 5,286 | 150,175 | ||
nVent Electric P.L.C. | 141,034 | 4,458,085 | |||
Oshkosh Corp. | 76,335 | 9,125,849 | |||
Owens Corning | 149,300 | 14,356,688 | |||
PACCAR, Inc. | 165,276 | 13,716,255 | |||
* | PAM Transportation Services, Inc. | 6,449 | 403,063 | ||
Park Aerospace Corp. | 9,330 | 139,017 | |||
Park-Ohio Holdings Corp. | 2,542 | 73,947 | |||
Pentair P.L.C. | 75,472 | 5,560,022 | |||
* | Perma-Pipe International Holdings, Inc. | 8,900 | 61,321 | ||
* | PGT Innovations, Inc. | 49,980 | 1,128,548 | ||
Powell Industries, Inc. | 5,719 | 166,366 | |||
Preformed Line Products Co. | 400 | 27,408 | |||
Primoris Services Corp. | 34,000 | 1,016,600 | |||
* | Quad/Graphics, Inc. | 6,491 | 22,719 | ||
Quanex Building Products Corp. | 30,731 | 763,358 | |||
Quanta Services, Inc. | 168,307 | 15,299,106 | |||
* | Radiant Logistics, Inc. | 42,044 | 261,514 | ||
Raytheon Technologies Corp. | 360,043 | 31,305,739 | |||
* | RCM Technologies, Inc. | 15,245 | 64,029 | ||
Regal Beloit Corp. | 22,880 | 3,368,622 | |||
Republic Services, Inc. | 429,755 | 50,865,802 | |||
* | Resideo Technologies, Inc. | 10,125 | 298,688 | ||
Resources Connection, Inc. | 31,255 | 484,140 | |||
Rexnord Corp. | 66,378 | 3,739,073 | |||
Rush Enterprises, Inc., Class A | 50,254 | 2,361,435 | |||
Rush Enterprises, Inc., Class B | 27,783 | 1,219,118 | |||
Ryder System, Inc. | 89,844 | 6,841,621 | |||
* | Saia, Inc. | 29,325 | 6,627,450 | ||
Schneider National, Inc., Class B | 9,398 | 210,891 | |||
Science Applications International Corp. | 30,919 | 2,699,229 | |||
* | Sensata Technologies Holding P.L.C. | 88,061 | 5,162,136 | ||
Shyft Group, Inc. (The) | 33,020 | 1,302,309 | |||
* | SIFCO Industries, Inc. | 4,527 | 50,250 | ||
Simpson Manufacturing Co., Inc. | 37,725 | 4,243,308 | |||
* | SkyWest, Inc. | 57,460 | 2,326,555 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
Snap-on, Inc. | 38,115 | $8,308,308 | |||
# * | Southwest Airlines Co. | 531,263 | 26,839,407 | ||
SPX FLOW, Inc. | 15,945 | 1,309,882 | |||
Standex International Corp. | 22,341 | 2,055,372 | |||
Stanley Black & Decker, Inc. | 129,900 | 25,596,795 | |||
Steelcase, Inc., Class A | 100,669 | 1,384,199 | |||
* | Stericycle, Inc. | 33,600 | 2,370,480 | ||
* | Sterling Construction Co., Inc. | 29,900 | 656,604 | ||
* | Teledyne Technologies, Inc. | 1,973 | 893,315 | ||
Terex Corp. | 42,936 | 2,057,493 | |||
Tetra Tech, Inc. | 57,122 | 7,626,929 | |||
* | Textainer Group Holdings, Ltd. | 10,800 | 348,624 | ||
Textron, Inc. | 77,944 | 5,378,915 | |||
* | Thermon Group Holdings, Inc. | 5,700 | 94,962 | ||
Timken Co. (The) | 40,125 | 3,189,938 | |||
* | Titan International, Inc. | 18,000 | 155,160 | ||
* | Titan Machinery, Inc. | 17,783 | 507,349 | ||
Trane Technologies P.L.C. | 213,109 | 43,391,123 | |||
* | Transcat, Inc. | 7,700 | 491,645 | ||
* | TriMas Corp. | 10,200 | 333,744 | ||
Trinity Industries, Inc. | 120,734 | 3,273,099 | |||
Triton International, Ltd. | 28,853 | 1,523,150 | |||
* | Twin Disc, Inc. | 6,900 | 101,568 | ||
UFP Industries, Inc. | 95,400 | 7,084,404 | |||
* | Ultralife Corp. | 3,309 | 26,273 | ||
UniFirst Corp. | 18,705 | 4,073,388 | |||
Union Pacific Corp. | 258,814 | 56,618,151 | |||
* | United Airlines Holdings, Inc. | 138,905 | 6,489,642 | ||
* | United Rentals, Inc. | 51,618 | 17,010,712 | ||
* | Univar Solutions, Inc. | 77,916 | 1,912,059 | ||
* | USA Truck, Inc. | 7,482 | 104,449 | ||
Valmont Industries, Inc. | 10,420 | 2,469,019 | |||
* | Vectrus, Inc. | 11,269 | 510,373 | ||
* | Veritiv Corp. | 9,937 | 608,939 | ||
* | Viad Corp. | 11,081 | 508,064 | ||
* | Virco Mfg. Corp. | 12,601 | 41,835 | ||
VSE Corp. | 6,244 | 312,512 | |||
Wabash National Corp. | 23,800 | 348,432 | |||
Watts Water Technologies, Inc., Class A | 29,209 | 4,403,549 | |||
Werner Enterprises, Inc. | 51,539 | 2,355,848 | |||
* | WESCO International, Inc. | 55,106 | 5,866,034 | ||
# * | Willdan Group, Inc. | 7,100 | 292,875 | ||
* | Willis Lease Finance Corp. | 6,713 | 279,261 | ||
* | WillScot Mobile Mini Holdings Corp. | 130,978 | 3,760,378 | ||
Woodward, Inc. | 14,712 | 1,788,391 | |||
* | XPO Logistics, Inc. | 103,005 | 14,285,763 | ||
TOTAL INDUSTRIALS | 1,131,921,157 | ||||
INFORMATION TECHNOLOGY — (8.4%) | |||||
* | ACI Worldwide, Inc. | 2,971 | 101,905 | ||
Advanced Energy Industries, Inc. | 3,570 | 370,387 | |||
* | Agilysys, Inc. | 400 | 22,224 | ||
* | Alithya Group, Inc., Class A | 11,334 | 34,569 | ||
# | Alliance Data Systems Corp. | 4,964 | 462,893 | ||
* | Alpha & Omega Semiconductor, Ltd. | 20,661 | 536,979 | ||
Amdocs, Ltd. | 99,072 | 7,639,442 | |||
Amkor Technology, Inc. | 1,400 | 34,496 | |||
Analog Devices, Inc. | 24,652 | 4,127,238 | |||
* | Arrow Electronics, Inc. | 171,470 | 20,331,198 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INFORMATION TECHNOLOGY — (Continued) | |||||
* | AstroNova, Inc. | 6,285 | $100,874 | ||
Avnet, Inc. | 27,420 | 1,132,994 | |||
* | Aware, Inc. | 14,326 | 57,017 | ||
* | Axcelis Technologies, Inc. | 31,733 | 1,223,307 | ||
* | AXT, Inc. | 24,921 | 254,194 | ||
Bel Fuse, Inc., Class A | 3,574 | 55,504 | |||
Bel Fuse, Inc., Class B | 7,655 | 104,414 | |||
Belden, Inc. | 2,684 | 131,516 | |||
Benchmark Electronics, Inc. | 62,063 | 1,638,463 | |||
* | BM Technologies, Inc. | 352 | 3,531 | ||
Brooks Automation, Inc. | 52,147 | 4,641,604 | |||
* | CalAmp Corp. | 6,602 | 80,082 | ||
* | Calix, Inc. | 5,463 | 255,559 | ||
# * | Cerence, Inc. | 24,487 | 2,632,597 | ||
* | Ciena Corp. | 133,800 | 7,779,132 | ||
* | Cirrus Logic, Inc. | 66,501 | 5,492,318 | ||
CMC Materials, Inc. | 13,809 | 1,997,334 | |||
* | Cognyte Software, Ltd. | 44,826 | 1,164,131 | ||
* | Coherent, Inc. | 14,758 | 3,629,582 | ||
* | Cohu, Inc. | 20,008 | 708,483 | ||
Comtech Telecommunications Corp. | 15,569 | 388,758 | |||
* | Concentrix Corp. | 55,899 | 9,152,343 | ||
* | Conduent, Inc. | 481 | 3,227 | ||
Corning, Inc. | 785,955 | 32,900,076 | |||
# * | Cree, Inc. | 13,400 | 1,242,984 | ||
* | CSP, Inc. | 2,414 | 24,406 | ||
CTS Corp. | 66,936 | 2,342,091 | |||
* | CyberOptics Corp. | 3,281 | 153,715 | ||
* | Daktronics, Inc. | 40,433 | 247,046 | ||
* | Digi International, Inc. | 25,438 | 526,058 | ||
* | Diodes, Inc. | 48,570 | 3,982,740 | ||
* | DSP Group, Inc. | 46,713 | 749,744 | ||
* | DXC Technology Co. | 228,936 | 9,152,861 | ||
* | EchoStar Corp., Class A | 23,551 | 525,187 | ||
* | EMCORE Corp. | 744 | 6,503 | ||
* | ePlus, Inc. | 17,490 | 1,617,125 | ||
* | Fabrinet | 41,355 | 3,908,875 | ||
Fidelity National Information Services, Inc. | 198,899 | 29,645,896 | |||
# * | First Solar, Inc. | 30,266 | 2,604,087 | ||
* | Fiserv, Inc. | 10,815 | 1,244,915 | ||
* | Flex, Ltd. | 467,295 | 8,397,291 | ||
* | FormFactor, Inc. | 83,395 | 3,107,298 | ||
* | Frequency Electronics, Inc. | 7,390 | 74,048 | ||
Global Payments, Inc. | 76,846 | 14,862,785 | |||
* | GSI Technology, Inc. | 2,491 | 13,676 | ||
Hackett Group, Inc. (The) | 18,000 | 322,560 | |||
# * | Harmonic, Inc. | 82,383 | 729,090 | ||
Hewlett Packard Enterprise Co. | 894,616 | 12,971,932 | |||
* | Ichor Holdings, Ltd. | 14,000 | 721,980 | ||
# * | II-VI, Inc. | 548 | 38,256 | ||
* | Insight Enterprises, Inc. | 42,100 | 4,225,998 | ||
Intel Corp. | 4,073,898 | 218,849,801 | |||
InterDigital, Inc. | 21,111 | 1,391,004 | |||
* | Itron, Inc. | 25,301 | 2,495,185 | ||
Jabil, Inc. | 156,633 | 9,325,929 | |||
Juniper Networks, Inc. | 195,414 | 5,498,950 | |||
* | Key Tronic Corp. | 17,623 | 117,545 | ||
* | Kimball Electronics, Inc. | 23,443 | 478,003 | ||
* | Knowles Corp. | 99,915 | 2,002,297 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
INFORMATION TECHNOLOGY — (Continued) | |||||
Kulicke & Soffa Industries, Inc. | 74,988 | $4,076,348 | |||
* | KVH Industries, Inc. | 9,596 | 108,627 | ||
* | Lattice Semiconductor Corp. | 121 | 6,867 | ||
# * | Limelight Networks, Inc. | 52,504 | 147,536 | ||
Littelfuse, Inc. | 6,880 | 1,830,011 | |||
* | LiveRamp Holdings, Inc. | 7,769 | 310,838 | ||
# * | Lumentum Holdings, Inc. | 51,495 | 4,325,065 | ||
Marvell Technology, Inc. | 166,418 | 10,069,953 | |||
Methode Electronics, Inc. | 72,016 | 3,444,525 | |||
* | Micron Technology, Inc. | 878,203 | 68,130,989 | ||
MKS Instruments, Inc. | 62,405 | 9,762,638 | |||
* | NETGEAR, Inc. | 26,028 | 891,459 | ||
* | ON Semiconductor Corp. | 379,816 | 14,835,613 | ||
* | Onto Innovation, Inc. | 41,970 | 2,941,258 | ||
* | Optical Cable Corp. | 10,474 | 46,923 | ||
* | OSI Systems, Inc. | 19,200 | 1,920,960 | ||
# * | PAR Technology Corp. | 1,957 | 119,475 | ||
PC Connection, Inc. | 35,467 | 1,686,810 | |||
* | Perficient, Inc. | 28,300 | 2,668,407 | ||
* | Photronics, Inc. | 79,712 | 1,065,749 | ||
* | Plexus Corp. | 35,152 | 3,174,929 | ||
* | Qorvo, Inc. | 95,832 | 18,168,789 | ||
* | Rambus, Inc. | 9,315 | 220,393 | ||
Richardson Electronics, Ltd. | 15,464 | 120,001 | |||
* | Rogers Corp. | 10,243 | 1,952,316 | ||
* | Sanmina Corp. | 39,846 | 1,530,883 | ||
* | ScanSource, Inc. | 21,541 | 594,316 | ||
SS&C Technologies Holdings, Inc. | 51,586 | 4,043,827 | |||
* | Sykes Enterprises, Inc. | 21,292 | 1,142,529 | ||
# * | Synaptics, Inc. | 38,700 | 5,879,304 | ||
SYNNEX Corp. | 55,899 | 6,682,166 | |||
TE Connectivity, Ltd. | 197,255 | 29,089,195 | |||
* | TESSCO Technologies, Inc. | 8,689 | 52,221 | ||
* | TTM Technologies, Inc. | 72,684 | 1,016,849 | ||
* | Ultra Clean Holdings, Inc. | 39,982 | 2,159,428 | ||
# * | Verint Systems, Inc. | 44,826 | 1,912,725 | ||
# * | Viasat, Inc. | 22,743 | 1,128,962 | ||
# * | Viavi Solutions, Inc. | 16,203 | 270,428 | ||
Vishay Intertechnology, Inc. | 151,731 | 3,357,807 | |||
* | Vishay Precision Group, Inc. | 16,480 | 598,718 | ||
* | Vonage Holdings Corp. | 85,934 | 1,225,419 | ||
* | Western Digital Corp. | 215,907 | 14,018,841 | ||
Xerox Holdings Corp. | 128,558 | 3,102,105 | |||
Xperi Holding Corp. | 63,080 | 1,310,172 | |||
TOTAL INFORMATION TECHNOLOGY | 683,928,606 | ||||
MATERIALS — (3.7%) | |||||
* | AdvanSix, Inc. | 19,500 | 652,275 | ||
Albemarle Corp. | 92,334 | 19,024,497 | |||
* | Alcoa Corp. | 43,626 | 1,751,584 | ||
Amcor P.L.C. | 213,649 | 2,469,782 | |||
# * | Arconic Corp. | 64,458 | 2,316,621 | ||
Ashland Global Holdings, Inc. | 112,560 | 9,575,479 | |||
Avient Corp. | 1,985 | 96,312 | |||
* | Berry Global Group, Inc. | 8,100 | 520,749 | ||
Cabot Corp. | 46,280 | 2,548,177 | |||
Carpenter Technology Corp. | 46,452 | 1,772,144 | |||
* | Century Aluminum Co. | 2,522 | 36,720 | ||
Chemours Co. (The) | 7,630 | 253,697 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
MATERIALS — (Continued) | |||||
* | Clearwater Paper Corp. | 895 | $26,394 | ||
Commercial Metals Co. | 88,897 | 2,915,822 | |||
Compass Minerals International, Inc. | 1,657 | 113,604 | |||
* | Core Molding Technologies, Inc. | 11,847 | 168,583 | ||
Corteva, Inc. | 3,686 | 157,687 | |||
* | Domtar Corp. | 46,407 | 2,548,208 | ||
Dow, Inc. | 163,118 | 10,139,415 | |||
DuPont de Nemours, Inc. | 1,750 | 131,337 | |||
Eastman Chemical Co. | 62,099 | 6,999,799 | |||
Ecovyst, Inc. | 2,829 | 44,019 | |||
Element Solutions, Inc. | 90,367 | 2,113,684 | |||
Fortitude Gold Corp. | 15,228 | 117,408 | |||
Friedman Industries, Inc. | 3,048 | 39,624 | |||
FutureFuel Corp. | 6,104 | 51,884 | |||
Glatfelter Corp. | 43,300 | 659,459 | |||
Gold Resource Corp. | 53,300 | 112,463 | |||
Graphic Packaging Holding Co. | 204,980 | 3,929,467 | |||
Greif, Inc., Class A | 21,053 | 1,276,233 | |||
Greif, Inc., Class B | 400 | 24,352 | |||
Hawkins, Inc. | 21,618 | 784,950 | |||
Haynes International, Inc. | 10,047 | 379,073 | |||
HB Fuller Co. | 57,208 | 3,696,781 | |||
Hecla Mining Co. | 73,348 | 490,698 | |||
Huntsman Corp. | 188,589 | 4,980,635 | |||
Innospec, Inc. | 24,133 | 2,134,564 | |||
International Flavors & Fragrances, Inc. | 14,118 | 2,126,736 | |||
International Paper Co. | 237,550 | 13,720,888 | |||
Kaiser Aluminum Corp. | 27,181 | 3,307,384 | |||
* | Kraton Corp. | 18,082 | 690,552 | ||
Kronos Worldwide, Inc. | 2,217 | 30,838 | |||
Linde P.L.C. | 54,229 | 16,669,452 | |||
Louisiana-Pacific Corp. | 173,457 | 9,616,456 | |||
# * | LSB Industries, Inc. | 1,758 | 15,470 | ||
LyondellBasell Industries NV, Class A | 23,284 | 2,312,800 | |||
Martin Marietta Materials, Inc. | 23,633 | 8,585,869 | |||
Materion Corp. | 19,190 | 1,369,398 | |||
Mercer International, Inc. | 21,725 | 252,662 | |||
Minerals Technologies, Inc. | 34,280 | 2,749,942 | |||
Myers Industries, Inc. | 22,700 | 480,786 | |||
Neenah, Inc. | 7,684 | 386,275 | |||
Newmont Corp. | 502,635 | 31,575,531 | |||
Northern Technologies International Corp. | 6,070 | 113,388 | |||
Nucor Corp. | 164,456 | 17,106,713 | |||
Olin Corp. | 107,501 | 5,055,772 | |||
Olympic Steel, Inc. | 9,986 | 300,778 | |||
Packaging Corp. of America | 15,471 | 2,189,146 | |||
* | Rayonier Advanced Materials, Inc. | 3,100 | 21,607 | ||
Reliance Steel & Aluminum Co. | 93,801 | 14,740,827 | |||
Resolute Forest Products, Inc. | 46,500 | 555,210 | |||
Royal Gold, Inc. | 28,500 | 3,463,320 | |||
* | Ryerson Holding Corp. | 10,600 | 166,738 | ||
Schnitzer Steel Industries, Inc., Class A | 400 | 20,968 | |||
Schweitzer-Mauduit International, Inc. | 31,500 | 1,238,895 | |||
Sensient Technologies Corp. | 38,101 | 3,321,645 | |||
Silgan Holdings, Inc. | 5,100 | 206,652 | |||
Sonoco Products Co. | 80,873 | 5,158,889 | |||
Steel Dynamics, Inc. | 215,469 | 13,886,977 | |||
Stepan Co. | 22,152 | 2,612,828 | |||
* | Summit Materials, Inc., Class A | 95,498 | 3,208,733 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
MATERIALS — (Continued) | |||||
* | Synalloy Corp. | 949 | $9,310 | ||
* | TimkenSteel Corp. | 20,188 | 269,106 | ||
* | Trecora Resources | 10,776 | 85,346 | ||
Tredegar Corp. | 26,545 | 346,943 | |||
Trinseo SA | 29,519 | 1,604,653 | |||
Tronox Holdings P.L.C., Class A | 64,513 | 1,188,975 | |||
* | UFP Technologies, Inc. | 339 | 20,265 | ||
United States Lime & Minerals, Inc. | 2,500 | 347,500 | |||
* | Universal Stainless & Alloy Products, Inc. | 6,269 | 70,652 | ||
* | US Concrete, Inc. | 4,591 | 334,271 | ||
Valvoline, Inc. | 204,538 | 6,275,226 | |||
Verso Corp., Class A | 2,361 | 44,906 | |||
Vulcan Materials Co. | 58,246 | 10,483,698 | |||
Westlake Chemical Corp. | 158,152 | 13,113,964 | |||
WestRock Co. | 162,029 | 7,973,447 | |||
Worthington Industries, Inc. | 47,320 | 3,027,060 | |||
TOTAL MATERIALS | 297,509,627 | ||||
REAL ESTATE — (0.3%) | |||||
* | CBRE Group, Inc., Class A | 89,249 | 8,608,959 | ||
Indus Realty Trust, Inc. | 1,526 | 103,081 | |||
* | Jones Lang LaSalle, Inc. | 40,739 | 9,067,279 | ||
Kennedy-Wilson Holdings, Inc. | 96,704 | 1,952,454 | |||
Newmark Group, Inc., Class A | 28,647 | 368,973 | |||
* | Rafael Holdings, Inc., Class B | 550 | 27,836 | ||
RE/MAX Holdings, Inc., Class A | 3,800 | 130,340 | |||
St Joe Co. (The) | 40,700 | 1,842,489 | |||
* | Stratus Properties, Inc. | 3,069 | 92,530 | ||
TOTAL REAL ESTATE | 22,193,941 | ||||
UTILITIES — (0.1%) | |||||
MDU Resources Group, Inc. | 134,867 | 4,277,981 | |||
New Jersey Resources Corp. | 46,254 | 1,781,704 | |||
NRG Energy, Inc. | 55,469 | 2,287,542 | |||
# | Ormat Technologies, Inc. | 21,734 | 1,515,729 | ||
Vistra Corp. | 26,700 | 511,305 | |||
TOTAL UTILITIES | 10,374,261 | ||||
TOTAL COMMON STOCKS | 7,980,539,083 | ||||
PREFERRED STOCKS — (0.0%) | |||||
INDUSTRIALS — (0.0%) | |||||
(r) | WESCO International, Inc., Floating Rate Note, 5-Yr. CMT + 10.325%, FRN, 10.625% | 11,314 | 351,299 | ||
RIGHTS/WARRANTS — (0.0%) | |||||
ENERGY — (0.0%) | |||||
* » | Nabors Industries, Ltd. Warrants 06/11/26 | 256 | 1,664 | ||
* » | Parker Drilling Co. Warrants 09/25/24 | 710 | 25 | ||
TOTAL ENERGY | 1,689 | ||||
TOTAL INVESTMENT SECURITIES (Cost $3,245,067,737) | 7,980,892,071 |
TEMPORARY CASH INVESTMENTS — (0.1%) | ||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 11,395,335 | 11,395,335 |
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Shares | Value† | ||||
SECURITIES LENDING COLLATERAL — (1.6%) | |||||
@ § | The DFA Short Term Investment Fund | 11,185,430 | $129,415,427 | ||
TOTAL INVESTMENTS — (100.0%) | |||||
(Cost $3,385,870,466)^^ | $8,121,702,833 |
ADR | American Depositary Receipt |
P.L.C. | Public Limited Company |
SA | Special Assessment |
† | See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
(r) | The adjustable rate shown is effective as of July 31, 2021. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
Summary of the Series' investments
as of July 31, 2021, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Communication Services | $1,103,656,510 | — | — | $1,103,656,510 | |||
Consumer Discretionary | 601,855,612 | $4,166 | — | 601,859,778 | |||
Consumer Staples | 505,973,985 | — | — | 505,973,985 | |||
Energy | 457,997,850 | — | — | 457,997,850 | |||
Financials | 1,726,063,190 | 4,182 | — | 1,726,067,372 | |||
Health Care | 1,439,055,996 | — | — | 1,439,055,996 | |||
Industrials | 1,131,921,157 | — | — | 1,131,921,157 | |||
Information Technology | 683,928,606 | — | — | 683,928,606 | |||
Materials | 297,509,627 | — | — | 297,509,627 | |||
Real Estate | 22,193,941 | — | — | 22,193,941 | |||
Utilities | 10,374,261 | — | — | 10,374,261 | |||
Preferred Stocks | |||||||
Industrials | 351,299 | — | — | 351,299 | |||
Rights/Warrants | |||||||
Energy | — | 1,689 | — | 1,689 | |||
Temporary Cash Investments | 11,395,335 | — | — | 11,395,335 | |||
Securities Lending Collateral | — | 129,415,427 | — | 129,415,427 | |||
TOTAL | $7,992,277,369 | $129,425,464 | — | $8,121,702,833 |
ORGANIZATION
The DFA Investment Trust Company
(the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940. The Trust’s advisor is Dimensional Fund Advisors LP (the "Advisor"). At July 31, 2021, the Trust
consisted of eleven operational portfolios, of which four (the "Series") are included in this document.
SECURITY VALUATION
The Series use a fair value
hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:
• | Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts) |
• | Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 - significant unobservable inputs (including the Series' own assumptions in determining the fair value of investments) |
Securities held by the Domestic
Equity Portfolios (The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series) and the International Equity Portfolios (The DFA International Value Series and The Emerging Markets Series)
including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the
Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the
Domestic Equity Portfolios and the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange
where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for
purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market
quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of
Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Advisor) occur before the net asset value of
the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges.
These securities are generally categorized as Level 2 in the hierarchy.
The International Equity
Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example,
trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the
time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity
Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are
either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity
Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the
International Equity Portfolios has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that
market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing
service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity
Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the
Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative
contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to
value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The
methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series'
investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit
and market risk. These instruments and their significant corresponding risks are described below:
1. FOREIGN MARKET RISKS:
Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic
developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the
United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific
types of derivative instruments used by the Series:
2. FUTURES CONTRACTS: The
Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the
Series. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on
which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as
“variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is
presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance
into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and
from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit
risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At July 31, 2021, the total cost of
securities for federal income tax purposes was:
Federal Tax Cost | |
The U.S. Large Cap Value Series | $16,780,855 |
The DFA International Value Series | 10,451,811 |
The Emerging Markets Series | 3,489,534 |
The Tax-Managed U.S. Marketwide Value Series | 3,387,498 |
RECENTLY ISSUED ACCOUNTING
STANDARDS
On July 27, 2017, the head of
the United Kingdom’s Financial Conduct Authority announced the intention to phase out the use of London Interbank Offered Rate (“LIBOR”) by the end of 2021. In the interim, there remains uncertainty
regarding the impact the transition to replacement rates may have on the value of LIBOR-based investments. In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting
burden associated with transitioning away from the LIBOR and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December
31, 2022. Management has evaluated the implications of these changes and determined that the effect on the Series is expected to be immaterial.
In October 2020, the SEC adopted
new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the “Derivatives Rule”) imposes limits on the amount of derivatives contracts the Series could enter,
eliminate the asset segregation framework currently used by the Series to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and
maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Series are required to comply on August 19, 2022. Management is
currently evaluating the effect, if any, the Derivatives Rule will have on the Series.
On December 3, 2020, the SEC
adopted new rule 2a-5 (the "Valuation Rule”) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good
faith fair value determination and permits a Board to designate fair value determinations to a fund’s investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The
Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Series.
CORONAVIRUS (COVID-19) PANDEMIC
The ongoing outbreak of the
novel coronavirus, COVID-19, has resulted, at times, in market closures, market volatility, liquidity constraints and increased trading costs. Efforts to contain the spread of COVID-19 have resulted in global travel
restrictions and disruptions of healthcare systems, business operations and supply chains, layoffs, reduced consumer demand, defaults and credit rating downgrades, and other significant economic impacts. The effects
of COVID-19 have impacted global economic activity and may heighten pre-existing political, social and economic risks, domestically or globally. The full impact of the COVID-19 pandemic is unpredictable and may
adversely affect a Series’ performance.
OTHER
The Series and the Trust are
subject to claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate,
will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s
view of these matters may change in the future.
The U.S. Large Cap Value Series
and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "District Court"),
captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and
Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, sold
Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by the trustee of a
litigation trust (the “Trustee”) to whom Tribune’s committee of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively
referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who
participated in the LBO.
On September 23, 2013, the
District Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lacked standing to pursue their claims. The parties appealed the
District Court’s dismissal order to the United States Court of Appeals for the Second Circuit (the “Second Circuit”),
and on March 29, 2016, the Second Circuit
affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual
creditor plaintiffs filed a petition for certiorari with the Supreme Court of the United States (the "Supreme Court"), seeking review of the Second Circuit’s ruling. Thereafter, the individual creditor
plaintiffs moved the Second Circuit to review its prior ruling in light of the Supreme Court’s decision in MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC., 138 S.Ct. 883 (2018) (“Merit Mgmt.”),
which addressed the scope of the Bankruptcy Code’s safe harbor for securities transactions. The Second Circuit agreed to review the matter and withdrew its mandate with respect to the affirmance of the dismissal
order. Consequently, the Supreme Court dismissed the individual creditor plaintiffs’ petition for certiorari. On December 19, 2019, the Second Circuit again affirmed the District Court’s dismissal of the
Individual Creditor Actions on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor
plaintiffs moved the Second Circuit for rehearing, which the Second Circuit denied. The individual creditor plaintiffs filed a second petition for certiorari with the Supreme Court, which the Supreme Court denied on
April 19, 2021. As a result, the dismissal of the Individual Creditor Actions is now final.
On January 6, 2017, the District
Court granted the shareholder defendants’ motion to dismiss the claims against them in the Committee Action. The Trustee moved for leave from the District Court to file an amended complaint to assert new
constructive fraudulent transfer claims against the shareholder defendants in light of the Merit Mgmt. decision. The District Court denied the motion, ruling that the proposed amendment would unduly prejudice the
shareholder defendants and would be futile because the Trustee’s proposed constructive fraudulent transfer claims would be barred by the Bankruptcy Code’s safe harbor for securities transactions,
notwithstanding the Merit Mgmt. decision. The Trustee appealed the District Court’s dismissal order and order denying the Trustee’s motion for leave to amend to the Second Circuit. The Second Circuit held
oral argument on August 24, 2020, and the parties await the Second Circuit's ruling.
Litigation counsel to The U.S.
Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible to predict with any reasonable certainty the probable
outcome of the Committee Action or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Committee Action. Until The U.S. Large Cap Value
Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made
relating to the Committee Action. However, even if the plaintiff in the Committee Action were to obtain the full recovery the plaintiff seeks, the amount would be less than 1% of the respective net asset values of The
U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series at this time.
The U.S. Large Cap Value Series
and The Tax-Managed U.S. Marketwide Value Series also cannot quantify the cost of the Tribune Lawsuits that could potentially be deducted from their respective net asset values. Therefore, at this time, those
investors buying or redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the respective net asset values of The
U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Tribune Lawsuits. The attorneys’ fees and costs relating to the Tribune Lawsuits will be borne by
The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expenses incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S.
Marketwide Value Series.
SUBSEQUENT EVENT EVALUATIONS
On June 3, 2021, President Biden
issued an Executive Order titled “Addressing the Threat from Securities Investments that Finance Certain Companies of the People’s Republic of China” (the “Order”). The Order restricts
investment in certain companies identified as “Chinese Military Industrial Complex Companies” by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense.
Management is currently evaluating the Order’s effect on the Series.