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Investments	Shares		Value ($)
COMMON STOCKS - 99.6%

Aerospace & Defense - 2.4%
General Dynamics Corp.		1,794		475,392
Huntington Ingalls Industries, Inc.		4,140		1,071,929
Lockheed Martin Corp.		4,830		2,074,050
Northrop Grumman Corp.		2,622		1,171,405

				4,792,776

Air Freight & Logistics - 1.4%
CH Robinson Worldwide, Inc.(a)		13,800		1,160,442
Expeditors International of Washington, Inc.		12,420		1,569,019

				2,729,461

Automobile Components - 0.3%
Mobileye Global, Inc., Class A*(a)		22,356		578,126

Automobiles - 0.4%
Tesla, Inc.*		4,416		827,073

Banks - 0.0%(b)
JPMorgan Chase & Co.		552		96,247

Beverages - 1.8%
PepsiCo, Inc.		21,252		3,581,599

Biotechnology - 6.5%
AbbVie, Inc.		2,898		476,431
Amgen, Inc.		11,592		3,642,902
Biogen, Inc.*		4,692		1,157,329
BioMarin Pharmaceutical, Inc.*		10,488		923,783
Gilead Sciences, Inc.		26,910		2,105,976
Regeneron Pharmaceuticals, Inc.*		2,359		2,224,018
Vertex Pharmaceuticals, Inc.*		5,520		2,392,258

				12,922,697

Broadline Retail - 0.3%
Dillard’s, Inc., Class A(a)		1,656		641,319

Capital Markets - 0.8%
CME Group, Inc.		8,142		1,675,949

Chemicals - 0.2%
Linde plc		828		335,199

Commercial Services & Supplies - 2.3%
Republic Services, Inc.		6,762		1,157,114
Tetra Tech, Inc.		5,796		916,811
Waste Connections, Inc.		8,004		1,242,701
Waste Management, Inc.		7,176		1,332,081

				4,648,707

Consumer Staples Distribution & Retail - 2.2%
Costco Wholesale Corp.		1,518		1,054,828
Grocery Outlet Holding Corp.*		32,982		817,294
Kroger Co. (The)		30,774		1,419,912


Investments	Shares		Value ($)
Sprouts Farmers Market, Inc.*(a)		20,286		1,021,806

				4,313,840

Containers & Packaging - 1.3%
AptarGroup, Inc.		7,452		967,866
Packaging Corp. of America		9,384		1,556,618

				2,524,484

Diversified Consumer Services - 1.2%
Grand Canyon Education, Inc.*(a)		10,212		1,333,585
Service Corp. International		14,628		981,831

				2,315,416

Diversified Telecommunication Services - 2.4%
AT&T, Inc.		154,974		2,741,490
Verizon Communications, Inc.		45,402		1,922,775

				4,664,265

Electric Utilities - 2.4%
American Electric Power Co., Inc.		12,834		1,002,849
Duke Energy Corp.(a)		18,906		1,811,762
Pinnacle West Capital Corp.		12,420		855,738
Xcel Energy, Inc.		17,526		1,049,281

				4,719,630

Entertainment - 1.3%
Electronic Arts, Inc.		3,036		417,693
Madison Square Garden Sports Corp.*(a)		5,382		996,208
Take-Two Interactive Software, Inc.*		6,762		1,115,257

				2,529,158

Financial Services - 2.4%
Visa, Inc., Class A(a)		17,388		4,751,445

Food Products - 2.4%
Flowers Foods, Inc.		16,560		377,568
General Mills, Inc.		4,002		259,770
Hershey Co. (The)		5,382		1,041,632
Hormel Foods Corp.		21,666		657,996
J M Smucker Co. (The)		7,038		925,849
Lancaster Colony Corp.(a)		8,418		1,547,060

				4,809,875

Gas Utilities - 0.8%
Atmos Energy Corp.(a)		6,210		707,567
Southwest Gas Holdings, Inc.		2,760		161,957
Spire, Inc.(a)		12,972		736,421

				1,605,945

Ground Transportation - 1.3%
Landstar System, Inc.(a)		8,142		1,560,984
Old Dominion Freight Line, Inc.		2,484		971,294

				2,532,278

Health Care Equipment & Supplies - 1.2%
Abbott Laboratories		21,114		2,389,049

Health Care Providers & Services - 0.9%
Chemed Corp.		2,484		1,472,490
UnitedHealth Group, Inc.		552		282,481

				1,754,971


Investments	Shares		Value ($)
Hotels, Restaurants & Leisure - 3.2%
McDonald’s Corp.		15,870		4,645,466
Restaurant Brands International, Inc.		20,976		1,637,806

				6,283,272

Household Durables - 0.4%
Helen of Troy Ltd.*		6,900		790,050

Household Products - 3.4%
Clorox Co. (The)		8,280		1,202,670
Procter & Gamble Co. (The)		24,702		3,881,672
WD-40 Co.(a)		6,348		1,644,005

				6,728,347

Insurance - 6.5%
Allstate Corp. (The)		11,454		1,778,234
American Financial Group, Inc.		12,420		1,495,368
Assurant, Inc.		8,832		1,483,334
Chubb Ltd.		5,934		1,453,830
Cincinnati Financial Corp.		9,798		1,085,618
Hanover Insurance Group, Inc. (The)		8,004		1,056,608
Loews Corp.		1,104		80,438
Markel Group, Inc.*(a)		690		1,033,227
Ryan Specialty Holdings, Inc., Class A*(a)		20,700		896,724
Travelers Cos., Inc. (The)		6,348		1,341,713
W R Berkley Corp.		14,214		1,163,842

				12,868,936

Interactive Media & Services - 2.3%
Alphabet, Inc., Class A*		12,006		1,682,041
Alphabet, Inc., Class C*		9,108		1,291,514
Meta Platforms, Inc., Class A*		4,140		1,615,180

				4,588,735

IT Services - 2.2%
Amdocs Ltd.		17,250		1,581,480
International Business Machines Corp.		15,456		2,838,649

				4,420,129

Life Sciences Tools & Services - 0.5%
QIAGEN NV*		23,811		1,039,570

Metals & Mining - 1.0%
Newmont Corp.		30,222		1,042,961
Royal Gold, Inc.(a)		8,556		978,721

				2,021,682

Multi-Utilities - 2.7%
Ameren Corp.		12,696		883,261
CMS Energy Corp.(a)		17,388		993,898
Consolidated Edison, Inc.		16,698		1,517,848
Northwestern Energy Group, Inc.		18,216		876,554
WEC Energy Group, Inc.		12,834		1,036,474

				5,308,035

Oil, Gas & Consumable Fuels - 0.9%
Chesapeake Energy Corp.(a)		5,106		393,724
Coterra Energy, Inc.		55,200		1,373,376

				1,767,100


Investments	Shares		Value ($)
Pharmaceuticals - 8.0%
Eli Lilly & Co.		11,592		7,483,911
Johnson & Johnson		11,178		1,776,184
Merck & Co., Inc.		55,062		6,650,389

				15,910,484

Professional Services - 1.8%
Automatic Data Processing, Inc.		7,038		1,729,800
Concentrix Corp.(a)		3,726		331,129
Verisk Analytics, Inc.		6,072		1,466,570

				3,527,499

Residential REITs - 0.2%
Essex Property Trust, Inc., REIT		1,794		418,486

Retail REITs - 1.2%
Agree Realty Corp., REIT		16,284		970,689
Phillips Edison & Co., Inc., REIT		39,750		1,379,723

				2,350,412

Semiconductors & Semiconductor Equipment - 3.9%
Broadcom, Inc.		1,656		1,954,080
NVIDIA Corp.		6,975		4,291,508
Texas Instruments, Inc.		9,936		1,590,952

				7,836,540

Software - 12.9%
Cadence Design Systems, Inc.*		2,898		835,957
Check Point Software Technologies Ltd.*		10,212		1,622,993
Dolby Laboratories, Inc., Class A		6,486		539,506
Microsoft Corp.		44,988		17,886,329
Qualys, Inc.*(a)		8,005		1,514,306
Roper Technologies, Inc.		3,174		1,704,438
Tyler Technologies, Inc.*		3,588		1,516,827

				25,620,356

Specialized REITs - 2.6%
Digital Realty Trust, Inc., REIT(a)		11,454		1,608,829
Equinix, Inc., REIT		2,208		1,832,132
Public Storage, REIT		6,083		1,722,645

				5,163,606

Specialty Retail - 3.6%
AutoZone, Inc.*		552		1,524,696
Home Depot, Inc. (The)		8,142		2,873,801
O’Reilly Automotive, Inc.*		1,726		1,765,784
Tractor Supply Co.		4,692		1,053,823

				7,218,104

Technology Hardware, Storage & Peripherals - 5.4%
Apple, Inc.		58,374		10,764,166

Wireless Telecommunication Services - 0.7%
T-Mobile US, Inc.		8,832		1,423,983

TOTAL COMMON STOCKS (COST $166,901,611)				197,789,001


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.3%(c)

REPURCHASE AGREEMENTS - 0.3%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $650,448, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $5,155,349 (Cost $650,352)		650,352		650,352


Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 0.1%(d)(e)

U.S. TREASURY OBLIGATIONS - 0.1%
U.S. Treasury Bills 5.37%, 4/11/2024 (Cost $34,642)		35,000		34,645

Total Investments - 100.0% (Cost $167,586,605)				198,473,998
Other assets less liabilities - 0.0%(b)				93,376

Net Assets - 100.0%				198,567,374

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $20,595,631, collateralized in the form of cash with a value of $650,352 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $20,711,699 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053; a total value of $21,362,051.

(b)	Represents less than 0.05% of net assets.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $650,352.

(d)	All or a portion of the security pledged as collateral for Futures Contracts.

(e)	The rate shown was the current yield as of January 31, 2024.

Percentages shown are based on Net Assets.


Abbreviations

REIT		Real Estate Investment Trust

FlexShares^® US Quality Low Volatility Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.3%

Aerospace & Defense - 2.2%
BAE Systems plc		43,320		649,302
Dassault Aviation SA		1,104		210,463
Thales SA		3,336		490,472

				1,350,237

Air Freight & Logistics - 0.7%
Yamato Holdings Co. Ltd.		26,400		461,718

Automobile Components - 0.2%
Bridgestone Corp.		2,400		105,802

Automobiles - 1.0%
Ferrari NV		1,776		624,476

Banks - 10.2%
Bank Hapoalim BM		58,008		497,193
Bank Leumi Le-Israel BM		62,448		478,256
Banque Cantonale Vaudoise (Registered)		168		21,699
BOC Hong Kong Holdings Ltd.(a)		168,000		402,310
DBS Group Holdings Ltd.		24,000		572,545
Hang Seng Bank Ltd.		21,700		225,543
HSBC Holdings plc		11,400		89,746
Japan Post Bank Co. Ltd.		50,400		529,428
Mizrahi Tefahot Bank Ltd.		12,816		480,186
Mizuho Financial Group, Inc.		33,600		621,086
Oversea-Chinese Banking Corp. Ltd.		48,000		462,993
Resona Holdings, Inc.		45,600		255,772
Sumitomo Mitsui Financial Group, Inc.		17,900		942,911
Toronto-Dominion Bank (The)		6,216		379,971
United Overseas Bank Ltd.		19,200		407,606

				6,367,245

Beverages - 0.5%
Budweiser Brewing Co. APAC Ltd.(b)		108,000		169,656
Suntory Beverage & Food Ltd.(a)		4,800		158,670

				328,326

Broadline Retail - 1.9%
Dollarama, Inc.		4,104		303,089
Pan Pacific International Holdings Corp.		21,600		473,892
Wesfarmers Ltd.		11,088		426,370

				1,203,351

Capital Markets - 1.9%
Deutsche Boerse AG		3,072		616,503
Hong Kong Exchanges & Clearing Ltd.		4,400		133,172
Singapore Exchange Ltd.		64,800		456,294

				1,205,969


Investments	Shares		Value ($)
Chemicals - 2.4%
Air Liquide SA		5,688		1,073,098
ICL Group Ltd.		89,424		411,992

				1,485,090

Commercial Services & Supplies - 1.9%
Brambles Ltd.		27,720		268,268
Dai Nippon Printing Co. Ltd.		8,300		243,705
Secom Co. Ltd.		7,200		528,025
TOPPAN Holdings, Inc.		4,800		134,272

				1,174,270

Construction & Engineering - 0.3%
Ackermans & van Haaren NV		72		12,115
Obayashi Corp.		7,200		67,456
Taisei Corp.		2,400		88,414

				167,985

Consumer Staples Distribution & Retail - 2.5%
Carrefour SA		816		14,022
Jeronimo Martins SGPS SA		11,064		253,345
Koninklijke Ahold Delhaize NV		18,672		527,547
Loblaw Cos. Ltd.		2,808		282,366
Metro, Inc., Class A		9,264		489,462

				1,566,742

Containers & Packaging - 0.4%
CCL Industries, Inc., Class B		5,352		230,496

Diversified Consumer Services - 0.1%
Pearson plc		7,368		91,163

Diversified REITs - 0.0%(c)
Nomura Real Estate Master Fund, Inc., REIT		24		26,500

Diversified Telecommunication Services - 4.8%
Deutsche Telekom AG (Registered)		18,096		447,093
Elisa OYJ		9,240		424,061
HKT Trust & HKT Ltd.		24,000		28,829
Koninklijke KPN NV		139,152		475,832
Nippon Telegraph & Telephone Corp.		420,000		535,290
Orange SA		26,736		319,404
Singapore Telecommunications Ltd.		148,800		267,235
Swisscom AG (Registered)		864		519,901

				3,017,645

Electric Utilities - 4.8%
Chubu Electric Power Co., Inc.		9,600		125,931
CLP Holdings Ltd.		36,000		286,213
Emera, Inc.		1,968		69,982
Fortis, Inc.		6,700		270,497
Hydro One Ltd.(a)(b)		16,896		504,585
Iberdrola SA		52,512		637,435
Iberdrola SA*		905		10,986
Kansai Electric Power Co., Inc. (The)		19,200		265,392
Power Assets Holdings Ltd.		45,000		263,648


Investments	Shares		Value ($)
Redeia Corp. SA		27,672		463,806
Terna - Rete Elettrica Nazionale		9,192		78,161

				2,976,636

Entertainment - 0.5%
Nintendo Co. Ltd.		2,400		136,439
Toho Co. Ltd.		5,500		181,245

				317,684

Food Products - 5.6%
JDE Peet’s NV		168		4,172
MEIJI Holdings Co. Ltd.		9,600		234,524
Nestle SA (Registered)		22,056		2,534,055
Nissin Foods Holdings Co. Ltd.		6,600		215,778
WH Group Ltd.(b)		372,000		218,901
Yakult Honsha Co. Ltd.		12,000		265,162

				3,472,592

Gas Utilities - 1.2%
Osaka Gas Co. Ltd.		12,000		255,474
Snam SpA		47,640		234,371
Tokyo Gas Co. Ltd.		10,800		251,280

				741,125

Ground Transportation - 4.5%
Canadian National Railway Co.		7,800		973,679
Canadian Pacific Kansas City Ltd.		1,296		104,947
Central Japan Railway Co.		12,000		303,171
East Japan Railway Co.		4,800		277,180
Hankyu Hanshin Holdings, Inc.		7,200		223,081
Keisei Electric Railway Co. Ltd.		2,400		109,972
Kintetsu Group Holdings Co. Ltd.		7,200		224,607
Tobu Railway Co. Ltd.		16,800		450,413
West Japan Railway Co.		3,000		126,219

				2,793,269

Hotels, Restaurants & Leisure - 1.1%
Compass Group plc		2,400		66,566
Genting Singapore Ltd.		316,800		239,434
La Francaise des Jeux SAEM(b)		312		12,757
McDonald’s Holdings Co. Japan Ltd.(a)		4,800		215,413
Sodexo SA		1,416		160,888

				695,058

Household Durables - 0.8%
Sekisui Chemical Co. Ltd.		16,800		243,308
Sekisui House Ltd.(a)		12,000		274,767

				518,075

Household Products - 0.7%
Henkel AG & Co. KGaA		384		26,429
Reckitt Benckiser Group plc		5,400		392,518

				418,947

Independent Power and Renewable Electricity Producers - 0.0%(c)
Meridian Energy Ltd.		2,112		7,215

Industrial Conglomerates - 1.1%
CK Hutchison Holdings Ltd.		48,000		248,067
Jardine Matheson Holdings Ltd.		4,800		193,440
Keppel Ltd.		48,000		257,178

				698,685

Insurance - 5.6%
Fairfax Financial Holdings Ltd.		576		604,204


Investments	Shares		Value ($)
Hannover Rueck SE		1,128		272,259
Insurance Australia Group Ltd.		37,104		148,147
Japan Post Insurance Co. Ltd.		12,000		227,727
Medibank Pvt Ltd.		196,680		499,259
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)		1,416		606,331
Sampo OYJ, Class A		12,048		507,585
Talanx AG		1,512		106,839
Zurich Insurance Group AG		960		491,386

				3,463,737

IT Services - 2.3%
CGI, Inc.*		2,928		329,957
Obic Co. Ltd.		2,900		451,045
Otsuka Corp.		4,800		204,708
SCSK Corp.		24,000		477,127

				1,462,837

Machinery - 1.2%
Hoshizaki Corp.		7,200		265,687
Kone OYJ, Class B		9,720		485,051

				750,738

Marine Transportation - 0.6%
Kuehne + Nagel International AG (Registered)		1,008		345,224

Metals & Mining - 0.6%
BHP Group Ltd.		3,264		101,993
Franco-Nevada Corp.		2,777		302,341

				404,334

Multi-Utilities - 0.8%
Canadian Utilities Ltd., Class A(a)		17,016		390,232
National Grid plc		8,712		117,045

				507,277

Oil, Gas & Consumable Fuels - 3.7%
ENEOS Holdings, Inc.		60,000		245,706
Galp Energia SGPS SA		31,440		499,127
Keyera Corp.		9,480		230,747
Pembina Pipeline Corp.		8,256		286,168
Shell plc		26,184		815,928
TotalEnergies SE		3,960		258,523

				2,336,199

Passenger Airlines - 0.3%
Singapore Airlines Ltd.		40,800		203,947

Personal Care Products - 2.8%
Beiersdorf AG		1,824		269,162
Unilever plc		30,648		1,501,434

				1,770,596

Pharmaceuticals - 11.7%
AstraZeneca plc		1,944		259,937
GSK plc		38,976		778,261
Novartis AG (Registered)		10,320		1,075,489
Novo Nordisk A/S, Class B		8,040		907,836
Roche Holding AG		120		36,622
Roche Holding AG - BR		8,136		2,343,540
Sanofi SA		15,912		1,613,672


Investments	Shares		Value ($)
UCB SA		2,832		268,557

				7,283,914

Professional Services - 2.7%
RELX plc		5,376		223,319
SGS SA (Registered)		5,208		485,922
Thomson Reuters Corp.		2,256		337,053
Wolters Kluwer NV		4,248		629,864

				1,676,158

Real Estate Management & Development - 2.8%
CK Asset Holdings Ltd.		96,000		432,889
Daito Trust Construction Co. Ltd.		2,400		276,244
Daiwa House Industry Co. Ltd.		16,800		526,843
Hang Lung Properties Ltd.		72,000		83,630
Henderson Land Development Co. Ltd.(a)		72,000		187,432
Sino Land Co. Ltd.		11,764		12,280
Sun Hung Kai Properties Ltd.		24,000		223,659

				1,742,977

Retail REITs - 0.7%
Link REIT, REIT		86,400		433,257

Semiconductors & Semiconductor Equipment - 1.1%
ASML Holding NV		768		665,890

Software - 1.5%
Constellation Software, Inc.		24		66,749
Dassault Systemes SE		3,048		159,701
Nice Ltd.*		1,248		258,019
Oracle Corp. Japan		5,900		471,031

				955,500

Specialty Retail - 1.1%
Industria de Diseno Textil SA		15,480		667,730

Technology Hardware, Storage & Peripherals - 0.7%
Canon, Inc.		14,400		401,929
Logitech International SA (Registered)		456		38,517

				440,446

Textiles, Apparel & Luxury Goods - 0.6%
LVMH Moet Hennessy Louis Vuitton SE		408		342,852

Tobacco - 0.4%
Japan Tobacco, Inc.		8,600		229,157

Trading Companies & Distributors - 2.0%
Bunzl plc		6,768		277,091
Ferguson plc		3,336		630,862
ITOCHU Corp.		7,200		332,577

				1,240,530

Transportation Infrastructure - 1.2%
Aena SME SA(b)		1,704		304,022
Auckland International Airport Ltd.		22,704		117,883
Flughafen Zurich AG (Registered)		1,080		224,976
Getlink SE		6,504		113,040

				759,921


Investments	Shares		Value ($)
Wireless Telecommunication Services - 2.6%
KDDI Corp.		21,600		723,621
Rogers Communications, Inc., Class B		3,576		168,087
SoftBank Corp.		40,800		548,047
Vodafone Group plc		242,808		208,156

				1,647,911

TOTAL COMMON STOCKS (COST $57,308,909)				61,377,433


Investments	Number of Warrants		Value ($)
WARRANTS - 0.0%

Software - 0.0%
Constellation Software, Inc., expiring 3/31/2040, price 11.50 CAD*‡ (Cost $–)		28		—


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.7%(d)

REPURCHASE AGREEMENTS - 0.7%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $435,991, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $3,455,596 (Cost $435,927)		435,927		435,927

Total Investments - 99.0% (Cost $57,744,836)				61,813,360
Other assets less liabilities - 1.0%				599,531

Net Assets - 100.0%				62,412,891

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $1,773,489, collateralized in the form of cash with a value of $435,927 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $1,155,437 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from February 6, 2024 – August 15, 2052 and $359,572 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates

ranging from February 21, 2024 – September 20, 2117; a total value of $1,950,936.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	Represents less than 0.05% of net assets.

(d)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $435,927.

FlexShares^® Developed Markets ex-US Quality Low Volatility Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Developed Markets ex-US Quality Low Volatility Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Developed Markets ex-US Quality Low Volatility Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 100.0%

Automobile Components - 1.2%
Balkrishna Industries Ltd.		180		5,320
Bosch Ltd.		18		5,108
Cheng Shin Rubber Industry Co. Ltd.		72,000		104,551
Hyundai Mobis Co. Ltd.		18		2,832
MRF Ltd.		81		139,069

				256,880

Automobiles - 2.8%
Bajaj Auto Ltd.		2,457		226,858
Hero MotoCorp Ltd.		3,618		201,349
Maruti Suzuki India Ltd.		1,197		146,835

				575,042

Banks - 17.7%
Abu Dhabi Islamic Bank PJSC		33,255		101,405
Agricultural Bank of China Ltd., Class H		369,000		142,554
Al Rajhi Bank		2,988		66,929
Banco BBVA Peru SA		8,271		3,501
Bank Central Asia Tbk. PT		181,800		110,025
Bank of China Ltd., Class H		612,000		230,168
Bank of Communications Co. Ltd., Class H		198,000		117,018
Boubyan Bank KSCP		57,780		115,335
Chang Hwa Commercial Bank Ltd.		288,000		161,025
China Construction Bank Corp., Class H		662,000		392,936
Chongqing Rural Commercial Bank Co. Ltd., Class H		279,000		108,499
Dubai Islamic Bank PJSC		112,104		192,896
Emirates NBD Bank PJSC		26,505		127,728
First Abu Dhabi Bank PJSC		4,635		18,475
First Financial Holding Co. Ltd.		207,000		175,920
Grupo Financiero Banorte SAB de CV, Class O		1,800		18,346
HDFC Bank Ltd.		5,346		94,153
Hong Leong Bank Bhd.		27,000		109,598
Hong Leong Financial Group Bhd.		22,500		78,108
ICICI Bank Ltd.		10,521		130,259
Industrial & Commercial Bank of China Ltd., Class H		432,000		211,102
Itau Unibanco Holding SA (Preference)		5,400		35,824
Kuwait Finance House KSCP		70,119		175,981
Malayan Banking Bhd.		69,300		135,670
National Bank of Kuwait SAKP		59,220		188,672
Qatar International Islamic Bank QSC		39,879		114,347
Qatar National Bank QPSC		36,918		157,264
RHB Bank Bhd.		35,100		41,556
Saudi Investment Bank (The)		23,805		99,026
Saudi National Bank (The)		2,736		29,621


Investments	Shares		Value ($)
Sberbank of Russia PJSC‡		12,360		—

				3,683,941

Beverages - 1.1%
Emperador, Inc.		271,800		99,218
Nongfu Spring Co. Ltd., Class H(a)		23,400		126,770

				225,988

Broadline Retail - 3.3%
Alibaba Group Holding Ltd., ADR		7,236		522,222
PDD Holdings, Inc., ADR*		1,098		139,303
Prosus NV		432		12,919
Robinson PCL*‡		600		—

				674,444

Capital Markets - 0.8%
Macquarie Korea Infrastructure Fund		17,064		159,306

Chemicals - 3.6%
Asian Paints Ltd.		4,428		157,716
Berger Paints India Ltd.		2,835		19,294
Fertiglobe plc		174,708		132,710
Mesaieed Petrochemical Holding Co.		206,172		95,130
PhosAgro PJSC‡		1,158		—
Pidilite Industries Ltd.		3,807		116,123
SABIC Agri-Nutrients Co.		4,887		167,066
Saudi Basic Industries Corp.		2,754		57,208

				745,247

Construction & Engineering - 0.1%
Larsen & Toubro Ltd.		486		20,365

Construction Materials - 0.8%
Asia Cement Corp.		48,564		61,676
LafargeHolcim Maroc SA		567		110,643

				172,319

Consumer Finance - 0.5%
Bajaj Finance Ltd.		117		9,669
Samsung Card Co. Ltd.*		3,969		98,136

				107,805

Consumer Staples Distribution & Retail - 0.9%
Nahdi Medical Co.		333		12,485
President Chain Store Corp.		19,000		160,258
Wal-Mart de Mexico SAB de CV		900		3,726

				176,469

Diversified Telecommunication Services - 4.4%
Chunghwa Telecom Co. Ltd.		58,000		220,515
Emirates Integrated Telecommunications Co. PJSC		106,758		164,223
Itissalat Al-Maghrib		16,992		160,606
LG Uplus Corp.		11,853		90,852
Ooredoo QPSC		39,168		115,105
Saudi Telecom Co.		15,390		167,439

				918,740

Electric Utilities - 3.1%
CPFL Energia SA		6,300		46,232
Manila Electric Co.		15,570		100,122


Investments	Shares		Value ($)
Power Grid Corp. of India Ltd.		74,592		232,910
Saudi Electricity Co.		20,106		101,653
Transmissora Alianca de Energia Eletrica SA		21,600		161,264

				642,181

Electronic Equipment, Instruments & Components - 0.7%
WPG Holdings Ltd.		50,000		139,299

Entertainment - 0.8%
NetEase, Inc., ADR		1,602		156,419

Food Products - 3.6%
Almarai Co. JSC		6,399		97,433
Nestle India Ltd.		1,710		51,602
Nestle Malaysia Bhd.		5,400		136,427
Orion Corp.		900		61,837
Tingyi Cayman Islands Holding Corp.		126,000		125,077
Uni-President China Holdings Ltd.		90,000		50,427
Uni-President Enterprises Corp.		27,000		62,455
Want Want China Holdings Ltd.		279,000		153,825

				739,083

Gas Utilities - 0.8%
Petronas Gas Bhd.		44,100		165,398

Health Care Providers & Services - 3.4%
Bumrungrad Hospital PCL, NVDR		22,500		152,209
Dr Sulaiman Al Habib Medical Services Group Co.		1,701		131,540
IHH Healthcare Bhd.		75,600		97,497
Mitra Keluarga Karyasehat Tbk. PT(a)		884,700		150,814
Mouwasat Medical Services Co.		1,287		40,771
Sinopharm Group Co. Ltd., Class H		50,400		132,492

				705,323

Hotels, Restaurants & Leisure - 0.7%
Americana Restaurants International plc		83,934		71,069
Kangwon Land, Inc.*		3,375		37,957
Meituan, Class B*(a)		4,500		36,007

				145,033

Household Durables - 0.2%
Arcelik A/S		8,721		40,696

Household Products - 0.0%(b)
Unilever Indonesia Tbk. PT		23,400		4,597

Independent Power and Renewable Electricity Producers - 0.9%
ACWA Power Co.		972		62,206
Engie Brasil Energia SA		2,700		22,174
NTPC Ltd.		27,477		105,053
Unipro PJSC*‡		726,000		—

				189,433

Industrial Conglomerates - 2.1%
Alpha Dhabi Holding PJSC*		22,194		107,316
Far Eastern New Century Corp.		108,000		106,621
Industries Qatar QSC		18,558		61,163


Investments	Shares		Value ($)
Samsung C&T Corp.		1,125		116,323
Sime Darby Bhd.		71,100		36,527

				427,950

Insurance - 2.3%
Bupa Arabia for Cooperative Insurance Co.		2,097		115,528
DB Insurance Co. Ltd.*		369		24,302
PICC Property & Casualty Co. Ltd., Class H		106,000		131,801
Ping An Insurance Group Co. of China Ltd., Class H		7,500		31,373
Samsung Fire & Marine Insurance Co. Ltd.*		630		124,617
Samsung Life Insurance Co. Ltd.		981		50,937

				478,558

Interactive Media & Services - 2.9%
Tencent Holdings Ltd.		17,400		602,314

IT Services - 5.7%
Arabian Internet & Communications Services Co.		1,197		104,695
HCL Technologies Ltd.		14,688		278,748
Infosys Ltd.		6,552		131,042
Samsung SDS Co. Ltd.		1,017		115,823
Tata Consultancy Services Ltd.		12,006		551,689

				1,181,997

Life Sciences Tools & Services - 0.2%
Divi’s Laboratories Ltd.		504		22,277
Samsung Biologics Co. Ltd.*(a)		36		22,658

				44,935

Marine Transportation - 0.5%
MISC Bhd.		68,400		106,288

Metals & Mining - 0.4%
Industrias CH SAB de CV, Class B, Series B*		531		5,902
Polyus PJSC*‡		546		—
Vale SA		6,300		86,395

				92,297

Multi-Utilities - 0.8%
Dubai Electricity & Water Authority PJSC		248,571		169,867

Office REITs - 0.0%(b)
Embassy Office Parks REIT, REIT		1,314		5,683

Oil, Gas & Consumable Fuels - 4.0%
China Shenhua Energy Co. Ltd., Class H		54,000		204,125
PetroChina Co. Ltd., Class H		54,000		39,029
Petroleo Brasileiro SA		3,600		30,717
Petroleo Brasileiro SA (Preference)		6,300		51,574
Petronas Dagangan Bhd.		20,700		93,391
Petronet LNG Ltd.		1,845		5,979
Qatar Fuel QSC		35,649		153,719
Qatar Gas Transport Co. Ltd.		114,345		108,975
Reliance Industries Ltd.		4,032		138,533


Investments	Shares		Value ($)
Surgutneftegas PJSC (Preference)‡		156,600		—

				826,042

Personal Care Products - 2.8%
Colgate-Palmolive India Ltd.		5,661		175,133
Hengan International Group Co. Ltd.		42,000		130,020
Hindustan Unilever Ltd.		9,477		283,196

				588,349

Pharmaceuticals - 4.5%
Alkem Laboratories Ltd.		621		37,361
Cipla Ltd.		11,709		190,488
Dr Reddy’s Laboratories Ltd.		2,574		189,730
Kalbe Farma Tbk. PT		763,200		73,031
Lupin Ltd.		2,934		53,185
Sun Pharmaceutical Industries Ltd.		9,963		170,176
Torrent Pharmaceuticals Ltd.		6,354		193,664
Zydus Lifesciences Ltd.		3,384		31,002

				938,637

Semiconductors & Semiconductor Equipment - 7.4%
MediaTek, Inc.		2,700		83,330
Taiwan Semiconductor Manufacturing Co. Ltd.		72,000		1,444,624

				1,527,954

Specialty Retail - 1.7%
Abu Dhabi National Oil Co. for Distribution PJSC		113,562		109,761
Jarir Marketing Co.		40,617		165,063
MR DIY Group M Bhd.(a)		232,200		67,745

				342,569

Technology Hardware, Storage & Peripherals - 3.5%
Pegatron Corp.		32,000		84,551
Samsung Electronics Co. Ltd.		11,907		648,589

				733,140

Textiles, Apparel & Luxury Goods - 0.8%
Titan Co. Ltd.		3,663		163,096

Tobacco - 0.6%
KT&G Corp.		1,755		119,135

Transportation Infrastructure - 2.9%
Airports of Thailand PCL, NVDR		63,000		106,103
Jiangsu Expressway Co. Ltd., Class H		180,000		171,774
Salik Co. PJSC		183,834		173,676
Taiwan High Speed Rail Corp.		165,000		155,777

				607,330

Water Utilities - 0.7%
Emirates Central Cooling Systems Corp.		313,650		149,440

Wireless Telecommunication Services - 4.8%
Advanced Info Service PCL, NVDR		27,900		172,225
Bharti Airtel Ltd.		5,589		78,790
Etihad Etisalat Co.		9,351		129,913
Far EasTone Telecommunications Co. Ltd.		74,000		190,323


Investments	Shares		Value ($)
Intouch Holdings PCL, NVDR		72,000		149,672
Mobile Telecommunications Co. KSCP		67,446		115,334
Taiwan Mobile Co. Ltd.		54,000		169,076

				1,005,333

TOTAL COMMON STOCKS (COST $20,663,421)				20,754,922

Total Investments - 100.0% (Cost $20,663,421)				20,754,922
Other assets less liabilities - 0.0%(b)				7,586

Net Assets - 100.0%				20,762,508

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)	Represents less than 0.05% of net assets.

Percentages shown are based on Net Assets.


Abbreviations

ADR		American Depositary Receipt

NVDR		Non-Voting Depositary Receipt

PJSC		Public Joint Stock Company

Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

REIT		Real Estate Investment Trust

FlexShares^® Emerging Markets Quality Low Volatility Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Emerging Markets Quality Low Volatility Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Emerging Markets Quality Low Volatility Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.5%

Aerospace & Defense - 1.4%
AAR Corp.*		2,505		152,354
AeroVironment, Inc.*(a)		1,169		141,028
Axon Enterprise, Inc.*(a)		1,503		374,337
Boeing Co. (The)*		17,762		3,748,493
BWX Technologies, Inc.		3,841		312,965
Curtiss-Wright Corp.(a)		1,992		443,360
Ducommun, Inc.*(a)		501		24,724
General Dynamics Corp.		6,806		1,803,522
HEICO Corp.(a)		1,328		238,496
HEICO Corp., Class A		1,670		236,255
Hexcel Corp.		2,988		198,373
Howmet Aerospace, Inc.		10,624		597,706
Huntington Ingalls Industries, Inc.		1,169		302,678
Kratos Defense & Security Solutions, Inc.*(a)		3,841		65,028
L3Harris Technologies, Inc.		4,814		1,003,334
Lockheed Martin Corp.		6,308		2,708,718
Mercury Systems, Inc.*(a)		3,984		118,165
Moog, Inc., Class A		1,826		255,275
Northrop Grumman Corp.		3,486		1,557,405
Parsons Corp.*(a)		3,162		206,004
Rocket Lab USA, Inc.*(a)		22,078		107,078
RTX Corp.		42,828		3,902,487
Spirit AeroSystems Holdings, Inc., Class A*(a)		3,320		91,167
Textron, Inc.(a)		5,976		506,227
TransDigm Group, Inc.		1,328		1,451,079
Triumph Group, Inc.*		6,346		102,805
V2X, Inc.*		830		32,279
Virgin Galactic Holdings, Inc.*(a)		40,504		72,097
Woodward, Inc.		3,006		414,137

				21,167,576

Air Freight & Logistics - 0.5%
Air Transport Services Group, Inc.*(a)		4,980		77,140
CH Robinson Worldwide, Inc.(a)		3,154		265,220
Expeditors International of Washington, Inc.		4,150		524,270
FedEx Corp.		7,138		1,722,328
Forward Air Corp.		1,494		66,229
GXO Logistics, Inc.*		6,640		361,083
Hub Group, Inc., Class A*(a)		15,272		691,516
United Parcel Service, Inc., Class B		22,244		3,156,424

				6,864,210

Automobile Components - 0.5%
Adient plc*(a)		21,414		743,280
American Axle & Manufacturing Holdings, Inc.*(a)		5,146		41,631
Aptiv plc*		6,308		513,030
Autoliv, Inc.		3,486		373,420
BorgWarner, Inc.		7,802		264,488


Investments	Shares		Value ($)
Dana, Inc.(a)		12,284		166,571
Dorman Products, Inc.*		1,660		135,141
Fox Factory Holding Corp.*		664		41,858
Garrett Motion, Inc.*(a)		22,742		195,354
Gentex Corp.(a)		10,790		357,473
Gentherm, Inc.*(a)		3,154		151,865
Goodyear Tire & Rubber Co. (The)*		51,460		717,352
LCI Industries(a)		332		36,945
Lear Corp.		11,786		1,566,359
Luminar Technologies, Inc., Class A*(a)		40,006		108,816
Mobileye Global, Inc., Class A*(a)		3,984		103,026
Modine Manufacturing Co.*(a)		3,818		263,786
Patrick Industries, Inc.(a)		5,312		533,272
Phinia, Inc.(a)		10,458		316,250
QuantumScape Corp., Class A*(a)		60,258		410,357
Standard Motor Products, Inc.(a)		2,656		107,170
Stoneridge, Inc.*(a)		8,134		144,704
Visteon Corp.*		1,660		191,381
XPEL, Inc.*(a)(b)		1,169		62,483

				7,546,012

Automobiles - 1.2%
Ford Motor Co.(a)		111,884		1,311,280
General Motors Co.		43,492		1,687,489
Harley-Davidson, Inc.(a)		26,726		867,259
Lucid Group, Inc.*(a)		1,992		6,733
Rivian Automotive, Inc., Class A*(a)		24,402		373,595
Tesla, Inc.*		66,732		12,498,236
Thor Industries, Inc.(a)		10,790		1,219,486
Winnebago Industries, Inc.(a)		5,312		349,105

				18,313,183

Banks - 6.1%
1st Source Corp.(a)		2,158		112,799
Amalgamated Financial Corp.		5,976		158,723
Amerant Bancorp, Inc., Class A(a)		8,300		187,663
Ameris Bancorp(a)		14,442		716,901
Associated Banc-Corp.(a)		36,022		756,822
Atlantic Union Bankshares Corp.(a)		15,770		538,703
Axos Financial, Inc.*(a)		11,022		610,949
Banc of California, Inc.		29,548		407,171
BancFirst Corp.(a)		1,499		132,676
Bancorp, Inc. (The)*		4,648		202,839
Bank of America Corp.		202,686		6,893,351
Bank of Hawaii Corp.(a)		498		31,489
Bank OZK(a)		24,070		1,085,798
BankUnited, Inc.		18,094		511,336
Banner Corp.		8,964		417,543
Berkshire Hills Bancorp, Inc.		7,138		171,312
BOK Financial Corp.(a)		3,984		334,019
Brookline Bancorp, Inc.		11,690		126,486
Byline Bancorp, Inc.		7,304		159,519
Cadence Bank(a)		35,690		950,068
Cambridge Bancorp(a)		1,328		91,088


Investments	Shares		Value ($)
Camden National Corp.		830		29,905
Cathay General Bancorp(a)		14,774		608,246
Central Pacific Financial Corp.		2,490		47,982
Citigroup, Inc.		55,278		3,104,965
Citizens Financial Group, Inc.(a)		16,102		526,535
City Holding Co.(a)		334		34,138
Coastal Financial Corp.*(a)		3,320		132,468
Columbia Banking System, Inc.		12,616		254,339
Comerica, Inc.		29,548		1,553,634
Commerce Bancshares, Inc.(a)		4,150		216,298
Community Bank System, Inc.		996		45,587
Community Trust Bancorp, Inc.		1,837		76,236
ConnectOne Bancorp, Inc.(a)		11,620		265,401
CrossFirst Bankshares, Inc.*		5,644		79,693
Cullen/Frost Bankers, Inc.		1,826		193,775
Customers Bancorp, Inc.*		4,316		230,647
CVB Financial Corp.(a)		25,896		434,276
Dime Community Bancshares, Inc.(a)		11,620		265,052
Eagle Bancorp, Inc.		9,462		234,563
East West Bancorp, Inc.(a)		28,386		2,066,785
Eastern Bankshares, Inc.(a)		35,192		491,280
Enterprise Financial Services Corp.		5,810		241,870
Farmers National Banc Corp.(a)		7,636		104,766
FB Financial Corp.		996		37,101
Fifth Third Bancorp		20,916		716,164
First Bancorp/NC(a)		3,173		109,659
First Bancorp/PR		39,674		661,762
First Bancshares, Inc. (The)(a)		8,466		215,290
First Busey Corp.		14,608		343,872
First Citizens BancShares, Inc., Class A		334		504,340
First Commonwealth Financial Corp.		22,712		318,195
First Financial Bancorp(a)		16,867		378,158
First Financial Bankshares, Inc.(a)		8,300		259,209
First Hawaiian, Inc.(a)		27,888		604,891
First Horizon Corp.		119,686		1,704,329
First Interstate BancSystem, Inc., Class A		21,746		598,450
First Merchants Corp.		15,106		510,734
First Mid Bancshares, Inc.(a)		7,138		224,633
FNB Corp.(a)		69,886		921,097
Fulton Financial Corp.(a)		34,528		538,292
Glacier Bancorp, Inc.(a)		5,810		224,615
Great Southern Bancorp, Inc.(a)		332		17,294
Hancock Whitney Corp.		16,434		741,338
Hanmi Financial Corp.		10,624		177,952
HarborOne Bancorp, Inc.(a)		1,837		20,060
Heartland Financial USA, Inc.		6,142		217,857
Heritage Commerce Corp.		22,742		202,176
Heritage Financial Corp.		4,980		100,347
Hilltop Holdings, Inc.(a)		4,648		146,366
Home BancShares, Inc.(a)		37,350		875,484
Hope Bancorp, Inc.		17,430		193,124
Horizon Bancorp, Inc.		5,312		69,640
Huntington Bancshares, Inc.		42,330		538,861
Independent Bank Corp.(a)		10,292		577,278
Independent Bank Group, Inc.		8,300		401,305


Investments	Shares		Value ($)
International Bancshares Corp.(a)		12,024		635,589
JPMorgan Chase & Co.		86,154		15,021,811
KeyCorp		29,548		429,332
Lakeland Bancorp, Inc.(a)		7,304		97,070
Lakeland Financial Corp.(a)		668		44,729
Live Oak Bancshares, Inc.(a)		664		24,150
M&T Bank Corp.		5,478		756,512
Mercantile Bank Corp.		2,158		86,514
Metrocity Bankshares, Inc.(a)		830		19,837
Midland States Bancorp, Inc.(a)		4,342		114,021
National Bank Holdings Corp., Class A(a)		7,802		273,070
NBT Bancorp, Inc.		332		11,809
New York Community Bancorp, Inc.(a)		148,404		960,174
Nicolet Bankshares, Inc.(a)		1,467		114,089
Northwest Bancshares, Inc.(a)		25,398		314,173
OceanFirst Financial Corp.		13,114		225,954
OFG Bancorp		12,118		445,579
Old National Bancorp(a)		53,950		888,557
Old Second Bancorp, Inc.		4,150		56,523
Origin Bancorp, Inc.(a)		3,486		106,323
Pacific Premier Bancorp, Inc.(a)		15,106		383,239
Park National Corp.(a)		334		43,647
Pathward Financial, Inc.(a)		2,672		138,356
Peoples Bancorp, Inc.(a)		5,344		156,579
Pinnacle Financial Partners, Inc.(a)		17,264		1,525,792
PNC Financial Services Group, Inc. (The)		11,454		1,731,959
Popular, Inc.(a)		15,272		1,304,992
Preferred Bank(a)		3,818		274,285
Premier Financial Corp.		11,288		235,806
Prosperity Bancshares, Inc.(a)		18,260		1,166,997
Provident Financial Services, Inc.(a)		18,260		302,203
QCR Holdings, Inc.		1,837		107,299
Regions Financial Corp.		28,884		539,264
Republic Bancorp, Inc., Class A(a)		332		16,995
S&T Bancorp, Inc.(a)		7,138		237,981
Sandy Spring Bancorp, Inc.(a)		12,948		315,672
Seacoast Banking Corp. of Florida(a)		6,806		167,155
ServisFirst Bancshares, Inc.(a)		3,818		256,341
Simmons First National Corp., Class A		21,248		403,924
Southern Missouri Bancorp, Inc.(a)		3,818		166,503
Southside Bancshares, Inc.(a)		4,150		129,895
SouthState Corp.(a)		14,940		1,241,514
Stellar Bancorp, Inc.(a)		8,964		224,369
Stock Yards Bancorp, Inc.(a)		501		24,910
Synovus Financial Corp.(a)		32,204		1,212,803
Texas Capital Bancshares, Inc.*(a)		2,988		182,268
Tompkins Financial Corp.		167		8,248
Towne Bank(a)		12,118		340,637
TriCo Bancshares(a)		4,482		162,921
Triumph Financial, Inc.*		2,158		152,463
Truist Financial Corp.		37,184		1,378,039
TrustCo Bank Corp. NY		830		23,987
Trustmark Corp.(a)		15,604		421,152


Investments	Shares		Value ($)
UMB Financial Corp.		8,134		671,055
United Bankshares, Inc.(a)		25,730		922,421
United Community Banks, Inc.(a)		23,904		653,535
Univest Financial Corp.		4,482		95,198
US Bancorp(a)		46,314		1,923,884
Valley National Bancorp(a)		84,629		814,131
Veritex Holdings, Inc.		11,620		244,136
WaFd, Inc.		15,272		443,499
Webster Financial Corp.		36,686		1,815,223
Wells Fargo & Co.		109,062		5,472,731
WesBanco, Inc.(a)		9,296		272,745
Westamerica Bancorp		5,644		269,332
Western Alliance Bancorp		23,406		1,497,048
Wintrust Financial Corp.(a)		12,191		1,182,283
WSFS Financial Corp.(a)		10,790		480,263
Zions Bancorp NA(a)		33,366		1,398,035

				92,745,099

Beverages - 1.0%
Boston Beer Co., Inc. (The), Class A*		332		115,958
Brown-Forman Corp., Class A(a)		1,336		75,310
Brown-Forman Corp., Class B(a)		9,130		501,237
Celsius Holdings, Inc.*(a)		5,146		256,785
Coca-Cola Co. (The)		93,458		5,559,816
Coca-Cola Consolidated, Inc.		332		285,982
Constellation Brands, Inc., Class A		3,984		976,399
Keurig Dr Pepper, Inc.		25,730		808,951
MGP Ingredients, Inc.(a)		166		14,102
Molson Coors Beverage Co., Class B(a)		6,179		381,800
Monster Beverage Corp.*		18,370		1,010,717
National Beverage Corp.*		1,002		46,333
PepsiCo, Inc.		32,868		5,539,244
Vita Coco Co., Inc. (The)*		3,984		78,445

				15,651,079

Biotechnology - 2.5%
AbbVie, Inc.		52,456		8,623,766
ACADIA Pharmaceuticals, Inc.*		6,640		172,042
Agios Pharmaceuticals, Inc.*(a)		4,587		103,758
Akero Therapeutics, Inc.*(a)		9,960		215,236
Alkermes plc*		5,312		143,690
Allogene Therapeutics, Inc.*(a)		40,338		141,990
Alnylam Pharmaceuticals, Inc.*		2,822		487,952
Amgen, Inc.		16,102		5,060,215
Amicus Therapeutics, Inc.*(a)		6,513		80,957
AnaptysBio, Inc.*(a)		2,490		58,764
Anavex Life Sciences Corp.*(a)		10,126		60,452
Apellis Pharmaceuticals, Inc.*(a)		3,320		210,123
Arcturus Therapeutics Holdings, Inc.*(a)		3,486		114,933
Arcus Biosciences, Inc.*(a)		6,308		95,503
Arrowhead Pharmaceuticals, Inc.*(a)		2,158		69,272
Aurinia Pharmaceuticals, Inc.*(a)		13,114		98,880
Beam Therapeutics, Inc.*(a)		5,976		145,814
Biogen, Inc.*		3,652		900,802
Biohaven Ltd.*		13,944		620,229
BioMarin Pharmaceutical, Inc.*		4,648		409,396


Investments	Shares		Value ($)
Blueprint Medicines Corp.*		3,154		250,838
Bridgebio Pharma, Inc.*(a)		5,146		176,456
Catalyst Pharmaceuticals, Inc.*(a)		8,941		128,750
Cerevel Therapeutics Holdings, Inc.*		2,839		118,954
CRISPR Therapeutics AG*(a)		15,604		982,272
Cytokinetics, Inc.*(a)		4,150		324,240
Deciphera Pharmaceuticals, Inc.*(a)		2,839		40,654
Denali Therapeutics, Inc.*(a)		664		10,631
Dynavax Technologies Corp.*(a)		12,948		167,288
Editas Medicine, Inc.*(a)		9,296		65,351
Exact Sciences Corp.*		5,312		347,405
Exelixis, Inc.*		17,430		379,277
Geron Corp.*(a)		23,572		43,372
Gilead Sciences, Inc.		36,188		2,832,073
Halozyme Therapeutics, Inc.*(a)		6,972		236,002
ImmunoGen, Inc.*		8,466		248,223
Immunovant, Inc.*(a)		2,158		78,573
Incyte Corp.*		5,976		351,210
Inhibrx, Inc.*		1,992		76,752
Insmed, Inc.*		8,798		244,584
Intellia Therapeutics, Inc.*		830		19,771
Ionis Pharmaceuticals, Inc.*(a)		6,308		324,168
Iovance Biotherapeutics, Inc.*(a)		13,612		105,221
Ironwood Pharmaceuticals, Inc., Class A*		14,442		204,932
Karuna Therapeutics, Inc.*		1,494		468,249
Keros Therapeutics, Inc.*(a)		3,652		202,175
Krystal Biotech, Inc.*(a)		1,660		184,675
Kura Oncology, Inc.*(a)		17,098		344,354
Kymera Therapeutics, Inc.*(a)		2,988		97,947
Madrigal Pharmaceuticals, Inc.*(a)		166		35,974
Moderna, Inc.*(a)		8,466		855,489
Morphic Holding, Inc.*(a)		2,822		89,429
Myriad Genetics, Inc.*		2,839		60,726
Natera, Inc.*		4,843		319,347
Neurocrine Biosciences, Inc.*		2,004		280,099
Novavax, Inc.*(a)		23,397		93,588
RAPT Therapeutics, Inc.*(a)		6,308		156,123
Recursion Pharmaceuticals, Inc., Class A*(a)		11,952		112,468
Regeneron Pharmaceuticals, Inc.*		2,656		2,504,024
REVOLUTION Medicines, Inc.*(a)		8,964		248,751
Rocket Pharmaceuticals, Inc.*(a)		6,308		181,229
Roivant Sciences Ltd.*(a)		7,968		79,680
Sage Therapeutics, Inc.*(a)		5,146		131,943
Sana Biotechnology, Inc.*(a)		14,442		79,287
Sarepta Therapeutics, Inc.*(a)		4,150		493,808
SpringWorks Therapeutics, Inc.*(a)		3,984		175,814
Summit Therapeutics, Inc.*(a)		23,240		91,101
Syndax Pharmaceuticals, Inc.*(a)		11,952		244,896
TG Therapeutics, Inc.*(a)		1,660		26,958
Travere Therapeutics, Inc.*(a)		1,670		14,913
Twist Bioscience Corp.*(a)		2,822		91,433
Ultragenyx Pharmaceutical, Inc.*(a)		3,154		139,123
United Therapeutics Corp.*		1,494		320,881
Vaxcyte, Inc.*(a)		5,644		403,094


Investments	Shares		Value ($)
Veracyte, Inc.*(a)		996		24,920
Vertex Pharmaceuticals, Inc.*		6,308		2,733,761
Vir Biotechnology, Inc.*(a)		18,592		174,765
Xencor, Inc.*		7,138		133,481
Zentalis Pharmaceuticals, Inc.*(a)		4,814		57,046
Zymeworks, Inc.*		14,774		160,150

				37,382,472

Broadline Retail - 2.7%
Amazon.com, Inc.*		225,926		35,063,715
Coupang, Inc., Class A*		30,876		432,264
Dillard’s, Inc., Class A(a)		664		257,147
eBay, Inc.		16,434		674,944
Etsy, Inc.*(a)		2,490		165,734
Kohl’s Corp.(a)		21,414		551,625
Macy’s, Inc.(a)		55,776		1,020,143
MercadoLibre, Inc.*		1,162		1,989,123
Nordstrom, Inc.(a)		16,766		304,303
Ollie’s Bargain Outlet Holdings, Inc.*(a)		3,006		216,222
Savers Value Village, Inc.*		5,976		111,692

				40,786,912

Building Products - 0.8%
A O Smith Corp.		3,173		246,257
AAON, Inc.(a)		3,507		246,051
Advanced Drainage Systems, Inc.(a)		2,656		346,396
Allegion plc(a)		1,826		226,223
American Woodmark Corp.*(a)		3,984		363,660
Apogee Enterprises, Inc.(a)		2,988		157,796
Armstrong World Industries, Inc.(a)		996		98,813
AZEK Co., Inc. (The), Class A*		3,984		153,623
AZZ, Inc.(a)		2,988		186,601
Builders FirstSource, Inc.*		4,150		720,980
Carlisle Cos., Inc.(a)		1,336		419,851
Carrier Global Corp.(a)		21,710		1,187,754
CSW Industrials, Inc.		166		35,121
Fortune Brands Innovations, Inc.		4,316		334,878
Gibraltar Industries, Inc.*		835		67,568
Griffon Corp.(a)		3,652		212,766
Hayward Holdings, Inc.*(a)		11,454		143,404
Insteel Industries, Inc.(a)		2,490		86,229
JELD-WEN Holding, Inc.*(a)		12,782		237,745
Johnson Controls International plc		18,592		979,612
Lennox International, Inc.		996		426,447
Masco Corp.		6,680		449,497
Masonite International Corp.*		3,652		336,167
Masterbrand, Inc.*		24,070		338,665
Owens Corning		3,154		477,926
PGT Innovations, Inc.*		5,146		212,118
Quanex Building Products Corp.(a)		4,175		130,344
Resideo Technologies, Inc.*(a)		25,564		428,708
Simpson Manufacturing Co., Inc.(a)		1,503		272,028
Trane Technologies plc		5,344		1,346,955
Trex Co., Inc.*		5,976		486,924
UFP Industries, Inc.		12,358		1,402,015
Zurn Elkay Water Solutions Corp.(a)		4,342		128,740

				12,887,862


Investments	Shares		Value ($)
Capital Markets - 2.9%
Affiliated Managers Group, Inc.		7,802		1,161,250
Ameriprise Financial, Inc.		2,656		1,027,420
Ares Management Corp., Class A		3,340		405,743
Artisan Partners Asset Management, Inc., Class A(a)		1,992		83,465
B. Riley Financial, Inc.(a)		2,490		58,316
Bank of New York Mellon Corp. (The)		21,248		1,178,414
BGC Group, Inc., Class A(a)		32,536		229,704
BlackRock, Inc.		4,150		3,213,386
Blackstone, Inc.		16,434		2,045,211
Blue Owl Capital, Inc., Class A(a)		18,036		280,279
Brightsphere Investment Group, Inc.		5,010		110,821
Carlyle Group, Inc. (The)(a)		4,980		199,300
Charles Schwab Corp. (The)		43,326		2,726,072
CME Group, Inc.		8,300		1,708,472
Cohen & Steers, Inc.(a)		1,494		105,207
Coinbase Global, Inc., Class A*(a)		4,814		617,155
Donnelley Financial Solutions, Inc.*(a)		1,162		72,183
Evercore, Inc., Class A(a)		1,826		313,579
FactSet Research Systems, Inc.		835		397,393
Federated Hermes, Inc., Class B		5,478		191,511
Franklin Resources, Inc.(a)		9,130		243,132
Goldman Sachs Group, Inc. (The)		9,794		3,760,994
Hamilton Lane, Inc., Class A		2,490		288,691
Houlihan Lokey, Inc., Class A(a)		1,670		200,033
Interactive Brokers Group, Inc., Class A(a)		3,486		309,383
Intercontinental Exchange, Inc.		13,768		1,753,079
Invesco Ltd.		71,048		1,124,690
Janus Henderson Group plc		28,718		825,930
Jefferies Financial Group, Inc.		9,462		385,671
KKR & Co., Inc.		18,592		1,609,695
LPL Financial Holdings, Inc.		2,158		516,172
MarketAxess Holdings, Inc.		664		149,739
Moelis & Co., Class A(a)		3,173		174,420
Moody’s Corp.		3,984		1,561,887
Morgan Stanley		38,844		3,388,751
Morningstar, Inc.(a)		501		139,929
MSCI, Inc.		1,837		1,099,665
Nasdaq, Inc.		8,016		463,084
Northern Trust Corp.(c)		6,640		528,810
Open Lending Corp.*(a)		9,628		70,670
Piper Sandler Cos.(a)		1,162		201,595
PJT Partners, Inc., Class A(a)		334		32,121
Raymond James Financial, Inc.		5,312		585,276
Robinhood Markets, Inc., Class A*(a)		23,572		253,163
S&P Global, Inc.		7,968		3,572,453
SEI Investments Co.(a)		3,320		209,957
State Street Corp.		9,462		698,958
Stifel Financial Corp.(a)		21,082		1,537,932
StoneX Group, Inc.*(a)		6,226		409,359
T. Rowe Price Group, Inc.(a)		7,470		810,121
TPG, Inc., Class A(a)		2,171		90,379
Tradeweb Markets, Inc., Class A		3,818		364,199


Investments	Shares		Value ($)
Victory Capital Holdings, Inc., Class A		5,976		201,570
Virtu Financial, Inc., Class A(a)		21,248		356,754
Virtus Investment Partners, Inc.(a)		996		235,166
WisdomTree, Inc.(a)		167		1,131

				44,279,440

Chemicals - 1.6%
AdvanSix, Inc.(a)		7,470		189,589
Air Products and Chemicals, Inc.		4,980		1,273,436
Albemarle Corp.(a)		2,822		323,796
Arcadium Lithium plc*(a)		217,958		1,065,815
Ashland, Inc.		1,837		171,980
Avient Corp.		6,474		234,423
Axalta Coating Systems Ltd.*(a)		8,517		276,121
Balchem Corp.(a)		1,837		257,474
Cabot Corp.		10,458		754,022
Celanese Corp.(a)		3,154		461,399
CF Industries Holdings, Inc.		6,474		488,852
Chemours Co. (The)		33,366		1,006,652
Corteva, Inc.		15,770		717,220
Dow, Inc.		19,090		1,023,224
DuPont de Nemours, Inc.(a)		11,122		687,340
Eastman Chemical Co.		3,486		291,255
Ecolab, Inc.		5,478		1,085,849
Ecovyst, Inc.*(a)		1,169		10,825
Element Solutions, Inc.		12,859		285,855
FMC Corp.		7,138		401,155
Ginkgo Bioworks Holdings, Inc., Class A*(a)		5,976		7,231
Hawkins, Inc.(a)		501		33,351
HB Fuller Co.(a)		1,503		113,882
Huntsman Corp.		11,122		272,934
Ingevity Corp.*(a)		3,652		159,081
Innospec, Inc.		668		77,561
International Flavors & Fragrances, Inc.		7,470		602,680
Koppers Holdings, Inc.		3,486		178,274
Kronos Worldwide, Inc.(a)		6,142		57,182
Linde plc		11,952		4,838,528
LSB Industries, Inc.*		830		6,175
LyondellBasell Industries NV, Class A(a)		7,515		707,312
Mativ Holdings, Inc.(a)		18,094		217,671
Minerals Technologies, Inc.		2,656		173,570
Mosaic Co. (The)		10,956		336,459
NewMarket Corp.(a)		498		277,789
Olin Corp.		24,568		1,279,256
Perimeter Solutions SA*(a)		7,636		36,195
PPG Industries, Inc.		5,146		725,792
PureCycle Technologies, Inc.*(a)		1,660		6,507
Quaker Chemical Corp.		664		126,120
RPM International, Inc.		2,672		284,995
Scotts Miracle-Gro Co. (The)(a)		9,628		541,671
Sensient Technologies Corp.(a)		996		61,782
Sherwin-Williams Co. (The)		5,478		1,667,394
Stepan Co.(a)		332		29,638
Tronox Holdings plc(a)		4,648		64,096


Investments	Shares		Value ($)
Westlake Corp.(a)		498		68,898

				23,958,306

Commercial Services & Supplies - 0.8%
ABM Industries, Inc.		11,952		487,522
ACCO Brands Corp.(a)		21,912		133,225
Brady Corp., Class A		1,002		60,351
Brink’s Co. (The)(a)		9,686		783,016
Casella Waste Systems, Inc., Class A*(a)		2,004		171,021
Cimpress plc*		1,826		137,352
Cintas Corp.		2,004		1,211,558
Clean Harbors, Inc.*		1,660		278,814
Copart, Inc.*		21,248		1,020,754
CoreCivic, Inc.*(a)		11,786		167,597
Deluxe Corp.(a)		10,126		191,483
Driven Brands Holdings, Inc.*		9,794		128,399
Ennis, Inc.(a)		4,482		91,298
Enviri Corp.*(a)		17,762		152,931
GEO Group, Inc. (The)*(a)		22,244		247,353
HNI Corp.(a)		3,340		136,005
Interface, Inc., Class A(a)		19,422		241,027
Liquidity Services, Inc.*(a)		501		8,743
Matthews International Corp., Class A(a)		3,320		109,228
MillerKnoll, Inc.(a)		18,758		498,775
MSA Safety, Inc.(a)		2,158		356,135
OPENLANE, Inc.*(a)		2,988		42,071
Republic Services, Inc.		5,010		857,311
Rollins, Inc.		6,179		267,613
SP Plus Corp.*		2,822		145,982
Steelcase, Inc., Class A(a)		26,062		330,466
Stericycle, Inc.*(a)		5,312		254,976
Tetra Tech, Inc.(a)		1,826		288,837
UniFirst Corp.(a)		830		140,619
Veralto Corp.		6,806		521,952
Vestis Corp.		22,576		483,126
Viad Corp.*(a)		2,171		71,773
Waste Management, Inc.(a)		9,018		1,674,011

				11,691,324

Communications Equipment - 0.7%
ADTRAN Holdings, Inc.		1,660		10,400
Arista Networks, Inc.*		5,976		1,545,872
Calix, Inc.*		4,482		148,713
Ciena Corp.*(a)		5,478		290,334
Cisco Systems, Inc.		119,520		5,997,514
Digi International, Inc.*(a)		3,340		81,195
Extreme Networks, Inc.*(a)		9,130		123,346
F5, Inc.*		1,162		213,459
Harmonic, Inc.*(a)		4,316		50,497
Infinera Corp.*(a)		2,324		11,481
Juniper Networks, Inc.		10,126		374,257
Lumentum Holdings, Inc.*(a)		4,980		273,601
Motorola Solutions, Inc.		4,175		1,333,913
Viasat, Inc.*(a)		12,284		273,073
Viavi Solutions, Inc.*(a)		4,482		44,058

				10,771,713

Construction & Engineering - 0.3%
AECOM		4,230		373,044


Investments	Shares		Value ($)
API Group Corp.*		7,138		224,990
Arcosa, Inc.(a)		1,336		104,582
Argan, Inc.		1,670		74,031
Comfort Systems USA, Inc.		1,992		433,200
Construction Partners, Inc., Class A*		835		37,993
Dycom Industries, Inc.*(a)		1,336		149,231
EMCOR Group, Inc.		1,494		340,796
Fluor Corp.*(a)		5,678		214,117
Granite Construction, Inc.(a)		3,340		150,667
IES Holdings, Inc.*(a)		1,494		122,448
MasTec, Inc.*		2,490		163,518
MDU Resources Group, Inc.		39,508		770,801
MYR Group, Inc.*		1,328		191,033
Primoris Services Corp.		10,187		334,134
Quanta Services, Inc.(a)		3,818		740,883
Sterling Infrastructure, Inc.*(a)		2,656		199,466
Valmont Industries, Inc.		664		149,871
WillScot Mobile Mini Holdings Corp.*		6,142		290,517

				5,065,322

Construction Materials - 0.1%
Eagle Materials, Inc.		1,670		377,888
Martin Marietta Materials, Inc.		1,503		764,155
Summit Materials, Inc., Class A*		4,934		178,512
Vulcan Materials Co.		3,006		679,386

				1,999,941

Consumer Finance - 0.9%
Ally Financial, Inc.		54,614		2,003,241
American Express Co.		17,098		3,432,252
Bread Financial Holdings, Inc.		7,138		258,895
Capital One Financial Corp.		11,786		1,594,882
Credit Acceptance Corp.*(a)		282		152,582
Discover Financial Services		7,636		805,751
Encore Capital Group, Inc.*(a)		6,142		307,591
Enova International, Inc.*		7,181		390,862
EZCORP, Inc., Class A*		3,320		28,552
FirstCash Holdings, Inc.		1,336		153,333
LendingClub Corp.*		16,434		148,235
Navient Corp.(a)		22,712		391,101
Nelnet, Inc., Class A(a)		1,494		130,172
NerdWallet, Inc., Class A*(a)		10,292		157,570
OneMain Holdings, Inc.(a)		22,410		1,066,716
PRA Group, Inc.*(a)		8,466		192,771
PROG Holdings, Inc.*(a)		6,308		193,277
SLM Corp.		52,954		1,052,725
SoFi Technologies, Inc.*(a)		42,330		331,444
Synchrony Financial		9,794		380,693
Upstart Holdings, Inc.*(a)		3,984		126,532
World Acceptance Corp.*(a)		334		43,858

				13,343,035

Consumer Staples Distribution & Retail - 1.4%
Albertsons Cos., Inc., Class A		8,466		179,649
Andersons, Inc. (The)(a)		3,154		166,247
BJ’s Wholesale Club Holdings, Inc.*		4,089		263,086
Casey’s General Stores, Inc.		1,162		315,320
Chefs’ Warehouse, Inc. (The)*(a)		3,486		110,925


Investments	Shares		Value ($)
Costco Wholesale Corp.		10,790		7,497,755
Dollar General Corp.(a)		6,142		811,174
Dollar Tree, Inc.*(a)		4,814		628,805
Grocery Outlet Holding Corp.*(a)		664		16,454
Ingles Markets, Inc., Class A(a)		1,328		111,884
Kroger Co. (The)		20,584		949,746
Performance Food Group Co.*		3,652		265,427
PriceSmart, Inc.(a)		334		25,391
SpartanNash Co.(a)		7,968		178,722
Sprouts Farmers Market, Inc.*(a)		6,474		326,095
Sysco Corp.		11,620		940,407
Target Corp.		13,612		1,893,157
United Natural Foods, Inc.*(a)		11,952		178,204
US Foods Holding Corp.*		6,972		320,782
Walgreens Boots Alliance, Inc.		17,430		393,395
Walmart, Inc.		34,528		5,705,752
Weis Markets, Inc.(a)		1,640		99,630

				21,378,007

Containers & Packaging - 0.6%
Amcor plc		33,698		317,772
AptarGroup, Inc.(a)		2,158		280,281
Avery Dennison Corp.		1,670		333,082
Ball Corp.(a)		8,300		460,235
Berry Global Group, Inc.		24,734		1,619,088
Crown Holdings, Inc.		4,150		367,275
Graphic Packaging Holding Co.(a)		61,088		1,558,355
Greif, Inc., Class A		5,511		345,044
Greif, Inc., Class B(a)		166		10,408
International Paper Co.		7,802		279,546
Myers Industries, Inc.(a)		1,660		31,125
O-I Glass, Inc.*(a)		28,054		408,466
Packaging Corp. of America		2,656		440,577
Pactiv Evergreen, Inc.		12,948		189,041
Sealed Air Corp.(a)		9,130		315,441
Silgan Holdings, Inc.(a)		5,312		244,033
Sonoco Products Co.		18,924		1,076,776
TriMas Corp.		1,336		32,972
Westrock Co.		5,312		213,861

				8,523,378

Distributors - 0.1%
Genuine Parts Co.		3,818		535,398
LKQ Corp.		9,018		420,870
Pool Corp.(a)		1,162		431,393

				1,387,661

Diversified Consumer Services - 0.2%
Adtalem Global Education, Inc.*(a)		3,320		167,594
Bright Horizons Family Solutions, Inc.*(a)		3,320		326,190
Chegg, Inc.*		20,584		202,752
Coursera, Inc.*(a)		7,636		146,153
Frontdoor, Inc.*(a)		2,324		76,134
Graham Holdings Co., Class B		332		239,173
Grand Canyon Education, Inc.*(a)		1,162		151,745
H&R Block, Inc.(a)		8,300		388,772
Laureate Education, Inc.		8,964		113,126
OneSpaWorld Holdings Ltd.*(a)		8,517		116,087
Perdoceo Education Corp.(a)		8,466		153,235
Rover Group, Inc., Class A*		13,280		145,283


Investments	Shares		Value ($)
Service Corp. International		4,342		291,435
Strategic Education, Inc.(a)		1,670		157,080
Stride, Inc.*(a)		3,320		199,034

				2,873,793

Diversified REITs - 0.1%
Alexander & Baldwin, Inc., REIT		2,839		49,171
American Assets Trust, Inc., REIT		6,308		141,488
Armada Hoffler Properties, Inc., REIT		1,328		15,883
Broadstone Net Lease, Inc., REIT		2,822		45,350
Empire State Realty Trust, Inc., Class A, REIT(a)		15,106		143,809
Essential Properties Realty Trust, Inc., REIT(a)		7,138		177,808
Gladstone Commercial Corp., REIT(a)		8,798		112,790
Global Net Lease, Inc., REIT(a)		31,208		263,708
WP Carey, Inc., REIT(a)		3,818		236,563

				1,186,570

Diversified Telecommunication Services - 0.8%
Anterix, Inc.*(a)		3,154		94,052
AT&T, Inc.		217,958		3,855,677
Cogent Communications Holdings, Inc.(a)		7,968		615,130
EchoStar Corp., Class A*(a)		5,312		71,128
Frontier Communications Parent, Inc.*(a)		46,148		1,136,625
Globalstar, Inc.*(a)		43,824		69,680
Iridium Communications, Inc.		6,142		222,709
Liberty Latin America Ltd., Class A*		20,750		146,080
Liberty Latin America Ltd., Class C*		14,940		106,373
Lumen Technologies, Inc.*(a)		264,936		323,222
Shenandoah Telecommunications Co.(a)		996		20,408
Verizon Communications, Inc.(a)		126,492		5,356,936

				12,018,020

Electric Utilities - 1.2%
ALLETE, Inc.		2,158		127,559
Alliant Energy Corp.(a)		6,308		306,947
American Electric Power Co., Inc.		14,608		1,141,469
Avangrid, Inc.(a)		4,980		151,292
Constellation Energy Corp.		7,304		891,088
Duke Energy Corp.		22,078		2,115,735
Edison International		10,458		705,706
Entergy Corp.		5,312		529,925
Evergy, Inc.		4,814		244,407
Eversource Energy		11,952		648,038
Exelon Corp.		25,896		901,440
FirstEnergy Corp.(a)		15,604		572,355
Hawaiian Electric Industries, Inc.		27,722		359,554
IDACORP, Inc.(a)		2,490		230,524
MGE Energy, Inc.		1,002		64,619
NextEra Energy, Inc.		62,748		3,678,915
NRG Energy, Inc.(a)		8,517		451,742
OGE Energy Corp.		6,972		231,749
Otter Tail Corp.(a)		2,988		270,175


Investments	Shares		Value ($)
PG&E Corp.		58,266		982,948
Pinnacle West Capital Corp.		3,818		263,060
PNM Resources, Inc.(a)		1,494		54,128
Portland General Electric Co.(a)		2,324		95,121
PPL Corp.		14,276		374,031
Southern Co. (The)		31,540		2,192,661
Xcel Energy, Inc.		12,284		735,443

				18,320,631

Electrical Equipment - 0.8%
Acuity Brands, Inc.(a)		1,826		434,880
AMETEK, Inc.		5,146		833,909
Atkore, Inc.*(a)		8,466		1,291,319
Bloom Energy Corp., Class A*(a)		1,992		22,549
Eaton Corp. plc		9,519		2,342,435
Emerson Electric Co.		14,442		1,324,765
Encore Wire Corp.(a)		3,652		823,526
EnerSys		1,002		95,761
Fluence Energy, Inc., Class A*(a)		4,648		92,356
Generac Holdings, Inc.*(a)		2,988		339,646
GrafTech International Ltd.		32,702		43,494
Hubbell, Inc., Class B		1,169		392,281
NEXTracker, Inc., Class A*(a)		5,793		262,249
nVent Electric plc(a)		8,798		528,232
Plug Power, Inc.*(a)		6,474		28,809
Regal Rexnord Corp.(a)		2,004		267,454
Rockwell Automation, Inc.		2,672		676,764
Sensata Technologies Holding plc(a)		34,694		1,254,882
SunPower Corp.*(a)		2,490		7,545
Sunrun, Inc.*(a)		40,670		588,902
Vertiv Holdings Co., Class A		9,960		561,047
Vicor Corp.*(a)		498		18,760

				12,231,565

Electronic Equipment, Instruments & Components - 1.1%
Advanced Energy Industries, Inc.(a)		1,002		104,388
Amphenol Corp., Class A		13,612		1,376,173
Arrow Electronics, Inc.*		10,624		1,180,858
Avnet, Inc.		19,372		877,552
Badger Meter, Inc.(a)		1,826		262,926
Bel Fuse, Inc., Class B		664		44,395
Belden, Inc.		2,656		197,022
Benchmark Electronics, Inc.(a)		8,016		217,394
CDW Corp.(a)		3,006		681,520
Cognex Corp.(a)		9,960		359,954
Coherent Corp.*		7,969		378,825
Corning, Inc.		21,912		711,921
Crane NXT Co.(a)		10,126		590,143
CTS Corp.(a)		835		34,285
ePlus, Inc.*(a)		6,308		476,506
Fabrinet*(a)		2,004		427,874
Flex Ltd.*		16,102		382,262
Insight Enterprises, Inc.*(a)		6,474		1,196,007
IPG Photonics Corp.*		1,992		194,997
Itron, Inc.*(a)		1,837		132,521
Jabil, Inc.		4,482		561,550
Keysight Technologies, Inc.*		4,150		636,029
Kimball Electronics, Inc.*(a)		3,320		78,950


Investments	Shares		Value ($)
Knowles Corp.*(a)		2,505		40,857
Littelfuse, Inc.		996		240,932
Methode Electronics, Inc.(a)		3,320		68,923
Mirion Technologies, Inc., Class A*(a)		18,094		170,988
Novanta, Inc.*(a)		1,837		283,908
OSI Systems, Inc.*		498		63,759
PC Connection, Inc.		167		10,773
Plexus Corp.*(a)		664		62,894
Rogers Corp.*(a)		166		19,135
Sanmina Corp.*(a)		12,948		774,549
ScanSource, Inc.*(a)		3,841		150,798
SmartRent, Inc., Class A*		32,702		96,471
TD SYNNEX Corp.		668		66,787
TE Connectivity Ltd.		7,968		1,132,970
Teledyne Technologies, Inc.*		1,169		489,191
Trimble, Inc.*(a)		5,312		270,168
TTM Technologies, Inc.*(a)		20,207		281,079
Vishay Intertechnology, Inc.(a)		24,716		537,079
Vontier Corp.		9,628		333,033
Zebra Technologies Corp., Class A*(a)		996		238,592

				16,436,938

Energy Equipment & Services - 0.6%
Archrock, Inc.(a)		12,525		204,659
Baker Hughes Co.		22,044		628,254
Cactus, Inc., Class A(a)		4,175		177,187
ChampionX Corp.		10,956		300,304
Diamond Offshore Drilling, Inc.*		13,944		170,117
Dril-Quip, Inc.*		2,324		46,643
Halliburton Co.		25,564		911,357
Helix Energy Solutions Group, Inc.*(a)		13,612		127,953
Helmerich & Payne, Inc.(a)		23,074		928,959
Liberty Energy, Inc., Class A(a)		38,014		790,311
Nabors Industries Ltd.*(a)		830		70,223
NOV, Inc.		21,248		414,549
Oceaneering International, Inc.*(a)		8,134		169,025
Oil States International, Inc.*		501		3,091
Patterson-UTI Energy, Inc.(a)		71,048		787,922
ProFrac Holding Corp., Class A*(a)		16,766		132,619
ProPetro Holding Corp.*(a)		26,726		226,102
RPC, Inc.(a)		11,952		87,369
Schlumberger NV		40,836		1,988,713
Select Water Solutions, Inc., Class A(a)		12,118		94,157
Tidewater, Inc.*(a)		1,328		89,228
Transocean Ltd.*(a)		136,618		745,934
US Silica Holdings, Inc.*(a)		7,802		83,637
Valaris Ltd.*		1,162		71,893
Weatherford International plc*		3,984		356,767

				9,606,973

Entertainment - 1.0%
AMC Entertainment Holdings, Inc., Class A*		56,440		228,582
Atlanta Braves Holdings, Inc., Class C*		199		8,022
Cinemark Holdings, Inc.*(a)		9,628		133,155


Investments	Shares		Value ($)
Electronic Arts, Inc.		5,976		822,178
Endeavor Group Holdings, Inc., Class A		9,960		246,510
IMAX Corp.*		1,837		25,663
Liberty Media Corp-Liberty Formula One, Class A*(a)		1,670		102,020
Liberty Media Corp-Liberty Formula One, Class C*		5,177		348,153
Lions Gate Entertainment Corp., Class B*		9,960		96,612
Live Nation Entertainment, Inc.*		4,316		383,477
Madison Square Garden Sports Corp.*(a)		166		30,727
Netflix, Inc.*		10,790		6,086,747
Playtika Holding Corp.*		166		1,199
ROBLOX Corp., Class A*		11,122		431,645
Roku, Inc.*		5,312		467,775
Sphere Entertainment Co.*		4,648		164,446
Take-Two Interactive Software, Inc.*(a)		4,150		684,459
TKO Group Holdings, Inc., Class A		1,162		97,248
Walt Disney Co. (The)		43,326		4,161,462
Warner Music Group Corp., Class A		2,988		109,032

				14,629,112

Financial Services - 4.1%
Affirm Holdings, Inc., Class A*(a)		10,956		443,828
A-Mark Precious Metals, Inc.(a)		3,486		94,017
Apollo Global Management, Inc.(a)		12,948		1,299,979
AvidXchange Holdings, Inc.*(a)		10,956		120,078
Berkshire Hathaway, Inc., Class B*		53,950		20,702,773
Block, Inc., Class A*		14,442		938,874
Cannae Holdings, Inc.*		2,822		57,145
Compass Diversified Holdings		3,652		80,673
Corebridge Financial, Inc.(a)		996		24,073
Enact Holdings, Inc.		3,486		99,316
Equitable Holdings, Inc.		11,952		390,711
Essent Group Ltd.(a)		21,082		1,162,883
Euronet Worldwide, Inc.*		8,798		876,721
EVERTEC, Inc.		4,980		199,997
Federal Agricultural Mortgage Corp., Class C		830		154,621
Fidelity National Information Services, Inc.		16,102		1,002,511
Fiserv, Inc.*		17,098		2,425,693
FleetCor Technologies, Inc.*(a)		1,494		433,155
Flywire Corp.*		5,146		109,970
Global Payments, Inc.		6,308		840,415
International Money Express, Inc.*(a)		2,338		48,163
Jack Henry & Associates, Inc.(a)		1,837		304,630
Jackson Financial, Inc., Class A		13,446		673,241
Marqeta, Inc., Class A*(a)		24,236		145,658
Mastercard, Inc., Class A		20,086		9,023,234
Merchants Bancorp(a)		3,006		131,482
MGIC Investment Corp.		57,104		1,132,943
Mr Cooper Group, Inc.*		14,774		995,177
NCR Atleos Corp.*		10,956		245,305


Investments	Shares		Value ($)
NMI Holdings, Inc., Class A*(a)		18,370		586,370
PayPal Holdings, Inc.*		30,544		1,873,874
PennyMac Financial Services, Inc.(a)		2,158		188,221
Radian Group, Inc.(a)		35,358		1,024,675
Remitly Global, Inc.*(a)		8,632		147,952
Repay Holdings Corp., Class A*(a)		26,726		209,532
Rocket Cos., Inc., Class A*(a)		6,972		85,825
Shift4 Payments, Inc., Class A*(a)		1,992		143,046
Toast, Inc., Class A*(a)		11,454		203,538
Visa, Inc., Class A(a)		38,678		10,569,150
Voya Financial, Inc.(a)		21,414		1,549,731
Walker & Dunlop, Inc.(a)		6,474		625,324
Western Union Co. (The)(a)		69,056		868,034
WEX, Inc.*(a)		1,494		305,359

				62,537,897

Food Products - 1.0%
Archer-Daniels-Midland Co.		16,600		922,628
B&G Foods, Inc.(a)		25,232		253,834
Bunge Global SA		3,818		336,328
Calavo Growers, Inc.(a)		1,660		43,309
Cal-Maine Foods, Inc.(a)		498		27,599
Campbell Soup Co.(a)		3,818		170,397
Conagra Brands, Inc.		13,944		406,468
Darling Ingredients, Inc.*		35,690		1,545,377
Flowers Foods, Inc.		3,984		90,835
Fresh Del Monte Produce, Inc.		2,656		65,285
Freshpet, Inc.*(a)		2,158		185,804
General Mills, Inc.		15,272		991,306
Hain Celestial Group, Inc. (The)*		12,948		138,673
Hershey Co. (The)		3,154		610,425
Hormel Foods Corp.		3,984		120,994
Ingredion, Inc.		13,527		1,455,099
J & J Snack Foods Corp.(a)		1,169		186,140
J M Smucker Co. (The)		3,818		502,258
John B Sanfilippo & Son, Inc.		1,162		124,485
Kellanova(a)		9,628		527,229
Kraft Heinz Co. (The)		21,248		788,938
Lamb Weston Holdings, Inc.(a)		3,507		359,257
Lancaster Colony Corp.(a)		1,162		213,552
McCormick & Co., Inc. (Non-Voting)		4,648		316,808
Mission Produce, Inc.*(a)		12,284		122,717
Mondelez International, Inc., Class A		39,342		2,961,272
Pilgrim’s Pride Corp.*		5,146		139,817
Post Holdings, Inc.*(a)		3,006		279,167
Seaboard Corp.		55		198,165
Simply Good Foods Co. (The)*(a)		2,338		88,376
Tootsie Roll Industries, Inc.(a)		2,399		78,184
Tyson Foods, Inc., Class A		6,142		336,336
Utz Brands, Inc.(a)		7,181		127,104
Westrock Coffee Co.*(a)		8,632		89,428
WK Kellogg Co.(a)		18,426		239,354

				15,042,948

Gas Utilities - 0.2%
Atmos Energy Corp.(a)		3,006		342,504
Chesapeake Utilities Corp.(a)		1,660		168,125


Investments	Shares		Value ($)
National Fuel Gas Co.(a)		16,766		790,685
New Jersey Resources Corp.		5,644		230,444
Northwest Natural Holding Co.(a)		4,150		152,969
ONE Gas, Inc.(a)		2,988		183,373
Southwest Gas Holdings, Inc.		830		48,704
Spire, Inc.(a)		11,454		650,244
UGI Corp.(a)		40,172		889,408

				3,456,456

Ground Transportation - 1.0%
ArcBest Corp.(a)		1,826		217,531
Avis Budget Group, Inc.(a)		3,652		597,869
CSX Corp.		56,108		2,003,056
Heartland Express, Inc.(a)		166		2,150
Hertz Global Holdings, Inc.*(a)		17,596		146,927
JB Hunt Transport Services, Inc.		2,004		402,764
Knight-Swift Transportation Holdings, Inc., Class A		4,342		249,144
Landstar System, Inc.(a)		1,670		320,172
Lyft, Inc., Class A*		18,758		234,287
Marten Transport Ltd.(a)		2,505		46,343
Norfolk Southern Corp.		6,972		1,640,093
Old Dominion Freight Line, Inc.		2,338		914,205
RXO, Inc.*(a)		1,660		34,528
Ryder System, Inc.		9,686		1,100,039
Saia, Inc.*(a)		830		373,981
Schneider National, Inc., Class B		3,984		97,688
Uber Technologies, Inc.*		49,634		3,239,611
U-Haul Holding Co.*(a)		167		11,065
U-Haul Holding Co.		2,324		148,434
Union Pacific Corp.		14,608		3,563,330
Werner Enterprises, Inc.		664		26,261
XPO, Inc.*		3,984		340,393

				15,709,871

Health Care Equipment & Supplies - 2.1%
Abbott Laboratories		42,994		4,864,771
Align Technology, Inc.*		1,494		399,376
Alphatec Holdings, Inc.*(a)		167		2,687
AtriCure, Inc.*(a)		4,316		147,003
Atrion Corp.(a)		332		112,880
Avanos Medical, Inc.*		6,474		124,236
Axonics, Inc.*		1,992		135,217
Baxter International, Inc.		12,616		488,113
Becton Dickinson & Co.		6,972		1,664,983
Boston Scientific Corp.*		35,524		2,247,248
CONMED Corp.(a)		1,992		190,435
Cooper Cos., Inc. (The)		1,169		436,072
Dentsply Sirona, Inc.		6,308		219,203
Dexcom, Inc.*		9,352		1,134,865
Edwards Lifesciences Corp.*		14,276		1,120,238
Embecta Corp.(a)		16,434		281,679
Enovis Corp.*		3,652		214,392
Envista Holdings Corp.*		3,486		81,921
GE HealthCare Technologies, Inc.		7,802		572,355
Glaukos Corp.*		2,338		208,152
Globus Medical, Inc., Class A*		3,154		166,500
Haemonetics Corp.*		2,158		165,001
Hologic, Inc.*		6,806		506,639
ICU Medical, Inc.*(a)		332		30,388


Investments	Shares		Value ($)
IDEXX Laboratories, Inc.*		1,992		1,026,039
Inari Medical, Inc.*(a)		664		37,815
Inspire Medical Systems, Inc.*(a)		1,162		245,031
Insulet Corp.*		1,328		253,475
Integer Holdings Corp.*(a)		835		84,602
Integra LifeSciences Holdings Corp.*(a)		5,312		213,277
Intuitive Surgical, Inc.*		8,300		3,139,226
iRhythm Technologies, Inc.*(a)		1,494		178,951
Lantheus Holdings, Inc.*		4,071		211,407
LeMaitre Vascular, Inc.(a)		167		9,693
LivaNova plc*(a)		498		24,243
Masimo Corp.*		1,328		171,232
Medtronic plc		40,836		3,574,783
Merit Medical Systems, Inc.*(a)		1,660		129,978
Neogen Corp.*(a)		12,782		198,121
Nevro Corp.*(a)		5,810		96,214
Omnicell, Inc.*		830		26,701
Paragon 28, Inc.*		9,628		122,083
Penumbra, Inc.*(a)		1,660		418,635
PROCEPT BioRobotics Corp.*(a)		2,324		107,601
QuidelOrtho Corp.*(a)		830		56,863
ResMed, Inc.(a)		2,988		568,318
Shockwave Medical, Inc.*		1,992		450,690
STAAR Surgical Co.*(a)		4,980		139,490
STERIS plc(a)		2,672		585,034
Stryker Corp.		8,134		2,728,794
Tandem Diabetes Care, Inc.*(a)		4,482		102,190
Teleflex, Inc.		1,494		362,788
TransMedics Group, Inc.*(a)		1,336		114,589
Zimmer Biomet Holdings, Inc.		5,511		692,182

				31,584,399

Health Care Providers & Services - 2.6%
Acadia Healthcare Co., Inc.*		2,988		245,434
Accolade, Inc.*(a)		17,430		197,308
Addus HomeCare Corp.*(a)		996		86,254
Agiliti, Inc.*(a)		15,106		107,102
agilon health, Inc.*(a)		16,932		99,730
Amedisys, Inc.*		1,660		156,488
AMN Healthcare Services, Inc.*(a)		6,640		491,426
Apollo Medical Holdings, Inc.*(a)		2,656		92,296
Brookdale Senior Living, Inc.*(a)		48,577		265,716
Cardinal Health, Inc.		8,300		906,277
Castle Biosciences, Inc.*(a)		2,490		57,469
Cencora, Inc.(a)		4,843		1,126,869
Centene Corp.*		16,932		1,275,149
Chemed Corp.(a)		334		197,992
Cigna Group (The)		8,632		2,597,800
CorVel Corp.*(a)		166		39,066
Cross Country Healthcare, Inc.*		7,181		152,596
CVS Health Corp.		37,184		2,765,374
DaVita, Inc.*		10,790		1,167,046
Elevance Health, Inc.		6,806		3,358,353
Encompass Health Corp.		3,486		247,645
Ensign Group, Inc. (The)(a)		1,826		206,740
Fulgent Genetics, Inc.*(a)		4,316		106,130
Guardant Health, Inc.*		1,494		32,763
HCA Healthcare, Inc.		5,644		1,720,856


Investments	Shares		Value ($)
HealthEquity, Inc.*(a)		3,674		277,681
Henry Schein, Inc.*(a)		3,984		298,163
Humana, Inc.		3,652		1,380,675
Laboratory Corp. of America Holdings		2,839		631,110
McKesson Corp.		4,150		2,074,544
ModivCare, Inc.*(a)		4,150		165,046
Molina Healthcare, Inc.*		1,494		532,521
National Research Corp.(a)		2,171		85,537
NeoGenomics, Inc.*(a)		2,158		32,046
OPKO Health, Inc.*(a)		116,698		119,032
Option Care Health, Inc.*		9,018		281,722
Owens & Minor, Inc.*(a)		10,790		212,671
Patterson Cos., Inc.(a)		17,430		520,460
Pediatrix Medical Group, Inc.*(a)		7,470		69,919
Premier, Inc., Class A		29,714		642,417
Privia Health Group, Inc.*(a)		498		10,040
Progyny, Inc.*(a)		2,324		88,521
Quest Diagnostics, Inc.		3,320		426,388
R1 RCM, Inc.*(a)		1,992		20,398
RadNet, Inc.*		1,002		37,044
Select Medical Holdings Corp.		19,754		513,407
Surgery Partners, Inc.*		3,173		97,379
Tenet Healthcare Corp.*		22,410		1,854,203
UnitedHealth Group, Inc.		22,244		11,383,145
Universal Health Services, Inc., Class B		1,826		289,987
US Physical Therapy, Inc.(a)		167		15,407

				39,759,342

Health Care REITs - 0.2%
CareTrust REIT, Inc., REIT		7,014		146,733
Community Healthcare Trust, Inc., REIT(a)		332		8,496
Healthpeak Properties, Inc., REIT		8,466		156,621
Medical Properties Trust, Inc., REIT(a)		109,062		338,092
National Health Investors, Inc., REIT(a)		664		35,311
Omega Healthcare Investors, Inc., REIT(a)		8,300		240,700
Physicians Realty Trust, REIT(a)		3,320		40,637
Sabra Health Care REIT, Inc., REIT(a)		10,956		146,153
Universal Health Realty Income Trust, REIT		2,822		112,344
Ventas, Inc., REIT		7,304		338,833
Welltower, Inc., REIT		12,450		1,077,049

				2,640,969

Health Care Technology - 0.1%
Definitive Healthcare Corp., Class A*		11,122		94,537
Doximity, Inc., Class A*(a)		1,494		40,263
Evolent Health, Inc., Class A*		5,644		165,990
HealthStream, Inc.		167		4,446
Phreesia, Inc.*(a)		4,482		114,201
Teladoc Health, Inc.*(a)		38,014		738,612
Veeva Systems, Inc., Class A*		2,988		619,741


Investments	Shares		Value ($)
Veradigm, Inc.*		12,782		116,700

				1,894,490

Hotel & Resort REITs - 0.2%
Apple Hospitality REIT, Inc., REIT(a)		6,142		98,641
Chatham Lodging Trust, REIT		6,847		71,894
DiamondRock Hospitality Co., REIT(a)		17,194		157,153
Host Hotels & Resorts, Inc., REIT		15,865		304,925
Park Hotels & Resorts, Inc., REIT(a)		38,512		580,761
Pebblebrook Hotel Trust, REIT(a)		18,426		280,444
RLJ Lodging Trust, REIT		15,106		174,927
Ryman Hospitality Properties, Inc., REIT		3,173		348,713
Service Properties Trust, REIT		36,852		284,866
Summit Hotel Properties, Inc., REIT(a)		33,698		218,363
Sunstone Hotel Investors, Inc., REIT(a)		8,350		89,094
Xenia Hotels & Resorts, Inc., REIT(a)		9,377		124,995

				2,734,776

Hotels, Restaurants & Leisure - 2.0%
Airbnb, Inc., Class A*(a)		9,296		1,339,925
Aramark(a)		7,304		212,400
BJ’s Restaurants, Inc.*(a)		2,004		69,358
Bloomin’ Brands, Inc.(a)		16,867		449,000
Booking Holdings, Inc.*		830		2,911,200
Boyd Gaming Corp.		3,841		243,865
Brinker International, Inc.*(a)		7,470		319,641
Caesars Entertainment, Inc.*		6,806		298,579
Carnival Corp.*(a)		23,240		385,319
Cheesecake Factory, Inc. (The)(a)		2,988		102,698
Chipotle Mexican Grill, Inc.*		608		1,464,532
Choice Hotels International, Inc.(a)		830		100,530
Churchill Downs, Inc.(a)		1,670		202,020
Darden Restaurants, Inc.(a)		2,672		434,414
Dave & Buster’s Entertainment, Inc.*(a)		3,320		177,720
Denny’s Corp.*(a)		1,503		15,977
Dine Brands Global, Inc.(a)		1,162		54,207
Domino’s Pizza, Inc.		664		283,010
DoorDash, Inc., Class A*(a)		5,810		605,402
DraftKings, Inc., Class A*(a)		13,778		538,031
Dutch Bros, Inc., Class A*(a)		2,656		71,314
Everi Holdings, Inc.*		7,515		78,231
Expedia Group, Inc.*(a)		3,818		566,324
Hilton Grand Vacations, Inc.*		17,535		731,210
Hilton Worldwide Holdings, Inc.		6,179		1,179,942
Hyatt Hotels Corp., Class A(a)		2,490		319,641
Jack in the Box, Inc.		2,988		232,974
Las Vegas Sands Corp.		6,474		316,708
Life Time Group Holdings, Inc.*(a)		7,304		97,143
Light & Wonder, Inc.*(a)		5,146		413,635
Marriott International, Inc., Class A		6,474		1,552,012
Marriott Vacations Worldwide Corp.		6,640		557,030


Investments	Shares		Value ($)
McDonald’s Corp.		17,702		5,181,729
MGM Resorts International*		8,798		381,569
Norwegian Cruise Line Holdings Ltd.*(a)		14,774		262,977
Papa John’s International, Inc.(a)		498		36,593
Penn Entertainment, Inc.*(a)		28,220		636,361
Planet Fitness, Inc., Class A*		3,486		236,211
Red Rock Resorts, Inc., Class A(a)		2,004		109,579
Royal Caribbean Cruises Ltd.*(a)		6,806		867,765
Sabre Corp.*(a)		78,352		321,243
SeaWorld Entertainment, Inc.*		3,154		155,808
Shake Shack, Inc., Class A*		664		50,172
Six Flags Entertainment Corp.*		6,972		175,764
Starbucks Corp.		26,726		2,486,320
Sweetgreen, Inc., Class A*(a)		8,964		95,736
Texas Roadhouse, Inc., Class A		3,652		459,129
Travel + Leisure Co.(a)		12,616		509,939
Vail Resorts, Inc.(a)		1,002		222,444
Wendy’s Co. (The)(a)		10,956		209,040
Wingstop, Inc.		1,660		466,643
Wyndham Hotels & Resorts, Inc.		2,988		232,855
Wynn Resorts Ltd.		2,988		282,157
Yum! Brands, Inc.		7,304		945,795

				30,649,821

Household Durables - 1.4%
Cavco Industries, Inc.*(a)		1,494		495,888
Century Communities, Inc.(a)		7,014		608,114
DR Horton, Inc.		9,519		1,360,360
Ethan Allen Interiors, Inc.(a)		4,175		121,618
Garmin Ltd.		3,818		456,213
Green Brick Partners, Inc.*(a)		7,470		389,710
Helen of Troy Ltd.*(a)		4,814		551,203
Installed Building Products, Inc.		668		130,160
iRobot Corp.*(a)		498		6,773
KB Home		16,434		979,302
La-Z-Boy, Inc.(a)		7,138		248,474
Leggett & Platt, Inc.		7,304		169,526
Lennar Corp., Class A		7,968		1,194,005
Lennar Corp., Class B(a)		501		69,514
LGI Homes, Inc.*(a)		4,648		548,510
M/I Homes, Inc.*(a)		6,640		846,069
MDC Holdings, Inc.(a)		12,024		752,462
Meritage Homes Corp.		8,016		1,327,530
Mohawk Industries, Inc.*		10,790		1,124,857
Newell Brands, Inc.(a)		66,234		551,067
NVR, Inc.*		104		735,830
PulteGroup, Inc.(a)		7,304		763,706
Skyline Champion Corp.*		3,486		238,721
Sonos, Inc.*(a)		6,474		100,865
Taylor Morrison Home Corp., Class A*(a)		23,240		1,211,734
Tempur Sealy International, Inc.(a)		9,130		455,496
Toll Brothers, Inc.		22,244		2,209,941
TopBuild Corp.*(a)		1,162		428,929
Tri Pointe Homes, Inc.*(a)		23,074		796,745
Vizio Holding Corp., Class A*(a)		10,292		72,044
Whirlpool Corp.(a)		11,786		1,290,803


Investments	Shares		Value ($)
Worthington Enterprises, Inc.(a)		7,304		416,620

				20,652,789

Household Products - 0.9%
Central Garden & Pet Co.*(a)		1,503		70,491
Central Garden & Pet Co., Class A*		3,984		164,460
Church & Dwight Co., Inc.(a)		6,474		646,429
Clorox Co. (The)		2,324		337,561
Colgate-Palmolive Co.		19,588		1,649,310
Energizer Holdings, Inc.		11,454		362,175
Kimberly-Clark Corp.		7,304		883,565
Procter & Gamble Co. (The)		56,938		8,947,237
Reynolds Consumer Products, Inc.		332		9,020
Spectrum Brands Holdings, Inc.(a)		2,656		208,815
WD-40 Co.(a)		332		85,981

				13,365,044

Independent Power and Renewable Electricity Producers - 0.1%
AES Corp. (The)(a)		16,268		271,350
Altus Power, Inc., Class A*		11,454		61,737
Clearway Energy, Inc., Class A		5,312		119,308
Clearway Energy, Inc., Class C(a)		7,304		177,049
Ormat Technologies, Inc.(a)		1,162		75,158
Sunnova Energy International, Inc.*(a)		25,066		263,694
Vistra Corp.		12,284		504,013

				1,472,309

Industrial Conglomerates - 0.5%
3M Co.		17,430		1,644,521
General Electric Co.		25,896		3,429,148
Honeywell International, Inc.		15,604		3,156,065

				8,229,734

Industrial REITs - 0.3%
Americold Realty Trust, Inc., REIT		12,450		342,375
EastGroup Properties, Inc., REIT		1,494		265,081
First Industrial Realty Trust, Inc., REIT		6,640		342,093
Innovative Industrial Properties, Inc., REIT		1,826		170,238
LXP Industrial Trust, REIT(a)		19,256		175,037
Plymouth Industrial REIT, Inc., REIT(a)		5,312		117,608
Prologis, Inc., REIT		22,244		2,818,092
Rexford Industrial Realty, Inc., REIT		4,509		237,128
STAG Industrial, Inc., REIT(a)		9,960		367,922
Terreno Realty Corp., REIT(a)		3,841		229,423

				5,064,997

Insurance - 2.7%
Aflac, Inc.		17,098		1,442,045
Allstate Corp. (The)		7,138		1,108,174
Ambac Financial Group, Inc.*(a)		6,474		105,202
American Equity Investment Life Holding Co.*(a)		14,442		797,343
American Financial Group, Inc.		2,324		279,810
American International Group, Inc.		21,580		1,500,026
AMERISAFE, Inc.(a)		334		16,647
Aon plc, Class A		5,010		1,495,134
Arch Capital Group Ltd.*		12,118		998,887
Arthur J Gallagher & Co.		4,814		1,117,618


Investments	Shares		Value ($)
Assurant, Inc.		11,288		1,895,820
Assured Guaranty Ltd.(a)		3,818		309,754
Axis Capital Holdings Ltd.		15,030		894,586
Brighthouse Financial, Inc.*		14,608		756,256
Brown & Brown, Inc.		5,511		427,433
Chubb Ltd.		11,786		2,887,570
Cincinnati Financial Corp.		3,486		386,249
CNO Financial Group, Inc.(a)		26,730		726,521
Employers Holdings, Inc.		668		27,869
Enstar Group Ltd.*		2,656		708,860
Erie Indemnity Co., Class A(a)		332		114,816
Everest Group Ltd.		1,002		385,740
F&G Annuities & Life, Inc.(a)		1,494		66,991
Fidelity National Financial, Inc.(a)		9,686		484,591
First American Financial Corp.(a)		21,209		1,279,963
Globe Life, Inc.		2,338		287,153
Goosehead Insurance, Inc., Class A*(a)		2,158		166,598
Hanover Insurance Group, Inc. (The)		1,992		262,964
Hartford Financial Services Group, Inc. (The)		9,462		822,815
Horace Mann Educators Corp.		498		18,341
James River Group Holdings Ltd.(a)		16,102		154,096
Kemper Corp.		11,786		707,160
Kinsale Capital Group, Inc.(a)		664		263,986
Lemonade, Inc.*(a)		14,940		236,351
Lincoln National Corp.		33,698		925,010
Loews Corp.		6,806		495,885
Markel Group, Inc.*(a)		414		619,936
Marsh & McLennan Cos., Inc.		12,284		2,381,131
Mercury General Corp.(a)		8,134		325,767
MetLife, Inc.		19,920		1,380,854
National Western Life Group, Inc., Class A		334		161,656
Old Republic International Corp.		51,958		1,456,902
Oscar Health, Inc., Class A*		26,726		334,610
Primerica, Inc.		1,328		310,964
Principal Financial Group, Inc.		7,636		604,008
Progressive Corp. (The)		14,442		2,574,286
Prudential Financial, Inc.(a)		11,022		1,156,538
Reinsurance Group of America, Inc.		1,494		259,792
RenaissanceRe Holdings Ltd.(a)		1,826		417,844
RLI Corp.(a)		1,328		181,099
Ryan Specialty Holdings, Inc., Class A*		2,490		107,867
Safety Insurance Group, Inc.(a)		166		13,829
Selective Insurance Group, Inc.(a)		3,486		365,542
SiriusPoint Ltd.*(a)		13,527		159,619
Stewart Information Services Corp.		2,988		184,240
Travelers Cos., Inc. (The)		7,304		1,543,773
Trupanion, Inc.*(a)		498		13,546
United Fire Group, Inc.		4,814		107,882
Unum Group		5,644		272,831
W R Berkley Corp.		4,509		369,197
White Mountains Insurance Group Ltd.(a)		166		261,611


Investments	Shares		Value ($)
Willis Towers Watson plc		2,672		658,114

				40,777,702

Interactive Media & Services - 4.1%
Alphabet, Inc., Class A*		143,922		20,163,472
Alphabet, Inc., Class C*		121,512		17,230,402
Cargurus, Inc., Class A*(a)		3,818		88,730
Cars.com, Inc.*(a)		6,474		112,842
Getty Images Holdings, Inc.*(a)		6,806		29,130
IAC, Inc.*		16,268		816,816
Match Group, Inc.*(a)		3,486		133,793
Meta Platforms, Inc., Class A*		53,618		20,918,526
Pinterest, Inc., Class A*		13,612		510,042
QuinStreet, Inc.*(a)		1,503		19,043
Snap, Inc., Class A*(a)		23,572		374,559
Taboola.com Ltd.*(a)		38,512		181,777
TripAdvisor, Inc.*		2,324		50,198
Vimeo, Inc.*		31,706		125,873
Yelp, Inc., Class A*(a)		4,482		195,998
Ziff Davis, Inc.*		10,956		738,434
ZoomInfo Technologies, Inc., Class A*		16,932		271,589

				61,961,224

IT Services - 1.3%
Accenture plc, Class A		15,272		5,557,175
Akamai Technologies, Inc.*		3,340		411,588
BigCommerce Holdings, Inc., Series 1*		8,798		71,968
Cloudflare, Inc., Class A*(a)		6,308		498,647
Cognizant Technology Solutions Corp., Class A		13,446		1,036,956
DigitalOcean Holdings, Inc.*(a)		1,826		61,573
DXC Technology Co.*(a)		37,018		806,992
EPAM Systems, Inc.*		1,494		415,496
Fastly, Inc., Class A*(a)		4,648		93,518
Gartner, Inc.*		1,992		911,220
GoDaddy, Inc., Class A*		3,841		409,681
International Business Machines Corp.		26,726		4,908,497
Kyndryl Holdings, Inc.*(a)		47,144		967,395
MongoDB, Inc.*		1,328		531,891
Okta, Inc.*		2,324		192,079
Perficient, Inc.*		830		56,548
Snowflake, Inc., Class A*		6,972		1,364,002
Squarespace, Inc., Class A*		1,670		51,770
Thoughtworks Holding, Inc.*(a)		24,236		113,425
Twilio, Inc., Class A*		4,316		303,544
VeriSign, Inc.*		2,158		429,183

				19,193,148

Leisure Products - 0.2%
Acushnet Holdings Corp.(a)		1,002		63,467
Brunswick Corp.(a)		15,531		1,253,041
Hasbro, Inc.(a)		3,984		195,017
Malibu Boats, Inc., Class A*(a)		2,324		97,027
Mattel, Inc.*(a)		15,604		279,156
Peloton Interactive, Inc., Class A*(a)		77,356		430,099
Polaris, Inc.(a)		9,794		881,068
Sturm Ruger & Co., Inc.		166		7,248


Investments	Shares		Value ($)
Topgolf Callaway Brands Corp.*(a)		2,656		34,979
Vista Outdoor, Inc.*(a)		8,466		237,641
YETI Holdings, Inc.*(a)		1,992		87,588

				3,566,331

Life Sciences Tools & Services - 1.1%
10X Genomics, Inc., Class A*(a)		4,648		193,682
Adaptive Biotechnologies Corp.*(a)		20,418		74,934
Agilent Technologies, Inc.		6,640		863,864
Avantor, Inc.*(a)		14,442		332,022
Azenta, Inc.*(a)		3,818		248,934
BioLife Solutions, Inc.*(a)		5,478		93,126
Bio-Rad Laboratories, Inc., Class A*		498		159,803
Bio-Techne Corp.		4,482		315,174
Bruker Corp.		2,338		167,190
Charles River Laboratories International, Inc.*(a)		1,494		323,122
CryoPort, Inc.*		332		4,817
Danaher Corp.		16,766		4,022,331
Fortrea Holdings, Inc.*(a)		2,490		77,090
Illumina, Inc.*		3,154		451,054
IQVIA Holdings, Inc.*(a)		4,814		1,002,419
Medpace Holdings, Inc.*(a)		1,002		292,163
Mettler-Toledo International, Inc.*		501		599,792
OmniAb, Inc.*‡(a)		562		444
Pacific Biosciences of California, Inc.*(a)		1,162		7,565
Repligen Corp.*(a)		2,324		440,166
Revvity, Inc.		1,992		213,503
Sotera Health Co.*		9,960		146,611
Thermo Fisher Scientific, Inc.		9,296		5,010,358
Waters Corp.*(a)		1,660		527,399
West Pharmaceutical Services, Inc.		1,992		743,076

				16,310,639

Machinery - 2.2%
3D Systems Corp.*(a)		42,828		205,146
AGCO Corp.		2,338		286,008
Alamo Group, Inc.(a)		334		70,901
Albany International Corp., Class A		2,004		178,176
Allison Transmission Holdings, Inc.		17,762		1,075,311
Astec Industries, Inc.		332		11,819
Barnes Group, Inc.(a)		664		21,985
Caterpillar, Inc.		14,940		4,486,631
Chart Industries, Inc.*(a)		1,660		193,755
CNH Industrial NV		32,536		390,432
Columbus McKinnon Corp.(a)		501		19,574
Crane Co.		1,328		164,818
Cummins, Inc.		4,175		999,077
Deere & Co.		7,636		3,005,377
Donaldson Co., Inc.		6,474		418,156
Douglas Dynamics, Inc.		334		8,400
Dover Corp.		3,340		500,265
Energy Recovery, Inc.*		166		2,575
Enerpac Tool Group Corp., Class A(a)		4,676		146,031
Enpro, Inc.(a)		1,169		174,625


Investments	Shares		Value ($)
Esab Corp.		3,486		299,761
Federal Signal Corp.		1,670		128,557
Flowserve Corp.(a)		6,680		266,732
Fortive Corp.		7,138		558,049
Franklin Electric Co., Inc.(a)		1,162		109,530
Gates Industrial Corp. plc*		22,908		295,055
Gorman-Rupp Co. (The)		498		16,628
Graco, Inc.		5,036		429,571
Greenbrier Cos., Inc. (The)(a)		6,640		301,854
Hillenbrand, Inc.(a)		13,612		633,911
Hyster-Yale Materials Handling, Inc.(a)		2,158		141,824
IDEX Corp.		1,992		421,308
Illinois Tool Works, Inc.		6,972		1,818,995
Ingersoll Rand, Inc.(a)		8,798		702,608
ITT, Inc.(a)		4,342		524,427
John Bean Technologies Corp.(a)		664		65,577
Kadant, Inc.		334		95,524
Kennametal, Inc.(a)		2,988		73,266
Lincoln Electric Holdings, Inc.		1,826		405,774
Lindsay Corp.(a)		334		43,457
Middleby Corp. (The)*(a)		1,670		235,587
Mueller Industries, Inc.(a)		25,232		1,211,136
Mueller Water Products, Inc., Class A		4,843		66,398
Nordson Corp.		1,169		294,261
Omega Flex, Inc.(a)		1,162		81,061
Oshkosh Corp.		13,527		1,489,323
Otis Worldwide Corp.(a)		10,187		900,938
PACCAR, Inc.(a)		14,940		1,499,827
Parker-Hannifin Corp.		3,486		1,619,247
Pentair plc(a)		4,482		327,948
RBC Bearings, Inc.*(a)		996		267,466
REV Group, Inc.(a)		6,346		123,874
Snap-on, Inc.		1,503		435,765
SPX Technologies, Inc.*(a)		1,336		134,455
Standex International Corp.(a)		167		24,659
Stanley Black & Decker, Inc.		2,822		263,293
Tennant Co.		1,826		172,593
Terex Corp.(a)		13,193		810,446
Timken Co. (The)(a)		12,782		1,046,974
Titan International, Inc.*(a)		9,628		142,109
Toro Co. (The)(a)		3,006		277,995
Trinity Industries, Inc.(a)		2,672		67,174
Wabash National Corp.(a)		7,968		201,590
Watts Water Technologies, Inc., Class A(a)		835		165,338
Westinghouse Air Brake Technologies Corp.		4,509		593,249
Xylem, Inc.		6,640		746,602

				32,890,778

Marine Transportation - 0.1%
Genco Shipping & Trading Ltd.(a)		8,300		145,582
Kirby Corp.*		3,652		287,267
Matson, Inc.(a)		6,640		743,879

				1,176,728

Media - 0.9%
Boston Omaha Corp., Class A*(a)		6,972		107,996


Investments	Shares		Value ($)
Charter Communications, Inc., Class A*(a)		3,154		1,169,219
Clear Channel Outdoor Holdings, Inc.*		68,392		117,634
Comcast Corp., Class A		122,176		5,686,071
Fox Corp., Class A(a)		5,312		171,578
Fox Corp., Class B		1,826		54,798
Gray Television, Inc.		6,806		64,997
Integral Ad Science Holding Corp.*		6,640		96,612
Interpublic Group of Cos., Inc. (The)(a)		9,628		317,628
Liberty Broadband Corp., Class A*(a)		996		77,509
Liberty Broadband Corp., Class C*(a)		1,494		117,204
Liberty Media Corp-Liberty SiriusXM*(a)		37,184		1,128,906
Liberty Media Corp-Liberty SiriusXM, Class A*		19,920		605,369
New York Times Co. (The), Class A		8,632		419,170
News Corp., Class A		8,684		213,974
News Corp., Class B(a)		2,839		72,593
Nexstar Media Group, Inc., Class A(a)		7,470		1,327,494
Omnicom Group, Inc.(a)		6,346		573,552
Paramount Global, Class B(a)		28,552		416,574
PubMatic, Inc., Class A*(a)		6,474		98,275
Scholastic Corp.		668		25,678
Sinclair, Inc.(a)		498		7,819
Sirius XM Holdings, Inc.(a)		23,904		121,671
Stagwell, Inc., Class A*(a)		5,312		34,634
TEGNA, Inc.		45,816		714,272
Thryv Holdings, Inc.*(a)		830		16,965
Trade Desk, Inc. (The), Class A*(a)		9,628		658,844

				14,417,036

Metals & Mining - 0.9%
Alcoa Corp.(a)		6,142		182,724
Alpha Metallurgical Resources, Inc.(a)		2,656		1,060,381
Arch Resources, Inc.		3,841		679,703
ATI, Inc.*(a)		7,470		305,299
Carpenter Technology Corp.		3,320		204,479
Century Aluminum Co.*(a)		9,018		100,551
Cleveland-Cliffs, Inc.*		17,034		341,532
Coeur Mining, Inc.*(a)		33,034		88,861
Commercial Metals Co.		25,896		1,352,289
Freeport-McMoRan, Inc.		42,994		1,706,432
Haynes International, Inc.(a)		830		46,206
Hecla Mining Co.(a)		13,360		50,902
Ivanhoe Electric, Inc.*(a)		10,126		84,653
Kaiser Aluminum Corp.(a)		2,158		140,054
Materion Corp.(a)		501		58,602
MP Materials Corp.*(a)		664		10,498
Newmont Corp.		27,058		933,772
Nucor Corp.		7,802		1,458,428
Piedmont Lithium, Inc.*(a)		498		7,609
Reliance Steel & Aluminum Co.		1,992		568,557


Investments	Shares		Value ($)
Royal Gold, Inc.(a)		2,656		303,820
Ryerson Holding Corp.		3,486		119,640
Schnitzer Steel Industries, Inc., Class A(a)		3,154		83,045
Southern Copper Corp.(a)		1,670		137,107
Steel Dynamics, Inc.		5,478		661,140
SunCoke Energy, Inc.		9,130		93,582
TimkenSteel Corp.*(a)		8,350		171,592
United States Steel Corp.(a)		45,484		2,138,658
Warrior Met Coal, Inc.		9,296		596,524

				13,686,640

Mortgage Real Estate Investment Trusts (REITs) - 0.6%
AGNC Investment Corp.(a)		149,068		1,413,165
Annaly Capital Management, Inc.		10,624		203,875
Apollo Commercial Real Estate Finance, Inc.(a)		19,920		222,307
Arbor Realty Trust, Inc.(a)		31,872		423,898
Ares Commercial Real Estate Corp.		17,928		170,495
ARMOUR Residential REIT, Inc.(a)		5,146		98,031
Blackstone Mortgage Trust, Inc., Class A(a)		30,544		602,938
BrightSpire Capital, Inc., Class A		26,394		188,717
Chimera Investment Corp.		29,216		140,237
Claros Mortgage Trust, Inc.(a)		11,952		140,316
Dynex Capital, Inc.(a)		4,482		54,860
Ellington Financial, Inc.(a)		10,458		127,692
Franklin BSP Realty Trust, Inc.(a)		10,624		136,200
Hannon Armstrong Sustainable Infrastructure Capital, Inc.(a)		24,402		580,524
Invesco Mortgage Capital, Inc.		1		5
KKR Real Estate Finance Trust, Inc.(a)		16,102		197,088
Ladder Capital Corp.(a)		30,544		333,846
MFA Financial, Inc.(a)		13,280		147,010
New York Mortgage Trust, Inc.(a)		19,754		154,871
PennyMac Mortgage Investment Trust(a)		19,256		276,131
Ready Capital Corp.(a)		27,888		261,311
Redwood Trust, Inc.(a)		12,616		84,653
Rithm Capital Corp.(a)		107,734		1,152,754
Starwood Property Trust, Inc.(a)		62,084		1,262,168
TPG RE Finance Trust, Inc.(a)		11,620		70,766
Two Harbors Investment Corp.		10,790		134,443

				8,578,301

Multi-Utilities - 0.6%
Ameren Corp.		5,146		358,007
Avista Corp.(a)		19,090		649,251
Black Hills Corp.		16,102		833,440
CenterPoint Energy, Inc.(a)		16,932		473,080
CMS Energy Corp.		8,632		493,405
Consolidated Edison, Inc.		9,130		829,917
Dominion Energy, Inc.		23,074		1,054,943
DTE Energy Co.		6,972		734,988
NiSource, Inc.		11,882		308,576
Northwestern Energy Group, Inc.(a)		664		31,952


Investments	Shares		Value ($)
Public Service Enterprise Group, Inc.(a)		12,782		741,228
Sempra		19,920		1,425,475
Unitil Corp.(a)		1,992		94,660
WEC Energy Group, Inc.		8,798		710,526

				8,739,448

Office REITs - 0.3%
Alexandria Real Estate Equities, Inc., REIT(a)		4,814		582,013
Boston Properties, Inc., REIT(a)		3,154		209,741
Brandywine Realty Trust, REIT(a)		53,784		254,936
COPT Defense Properties, REIT		2,822		66,486
Cousins Properties, Inc., REIT		10,126		231,987
Douglas Emmett, Inc., REIT(a)		38,844		526,336
Easterly Government Properties, Inc., Class A, REIT(a)		7,802		95,809
Highwoods Properties, Inc., REIT(a)		8,466		194,464
Hudson Pacific Properties, Inc., REIT(a)		32,370		265,110
JBG SMITH Properties, REIT(a)		9,296		148,736
Kilroy Realty Corp., REIT(a)		7,138		255,255
Paramount Group, Inc., REIT		52,622		249,954
Piedmont Office Realty Trust, Inc., Class A, REIT		39,010		265,268
SL Green Realty Corp., REIT(a)		15,438		693,938
Vornado Realty Trust, REIT(a)		10,624		288,867

				4,328,900

Oil, Gas & Consumable Fuels - 4.2%
Antero Midstream Corp.(a)		20,418		249,916
Antero Resources Corp.*(a)		6,972		155,754
APA Corp.(a)		11,122		348,452
Berry Corp.		10,624		71,287
California Resources Corp.(a)		13,944		664,850
Callon Petroleum Co.*(a)		15,106		485,205
Cheniere Energy, Inc.		7,515		1,232,385
Chesapeake Energy Corp.(a)		3,525		271,813
Chevron Corp.		52,902		7,799,342
Chord Energy Corp.(a)		8,466		1,301,732
Civitas Resources, Inc.(a)		14,442		935,991
Clean Energy Fuels Corp.*(a)		32,868		96,961
CNX Resources Corp.*(a)		11,786		238,077
Comstock Resources, Inc.(a)		9,794		76,491
ConocoPhillips		36,188		4,048,351
CONSOL Energy, Inc.(a)		5,810		549,626
Coterra Energy, Inc.(a)		24,216		602,493
Crescent Energy Co., Class A(a)		15,272		168,756
CVR Energy, Inc.(a)		7,802		263,161
Delek US Holdings, Inc.(a)		11,620		314,089
Devon Energy Corp.		21,248		892,841
Diamondback Energy, Inc.		5,678		872,936
Dorian LPG Ltd.(a)		7,515		281,362
DT Midstream, Inc.(a)		5,810		311,939
EOG Resources, Inc.		16,600		1,888,914
EQT Corp.		10,855		384,267
Equitrans Midstream Corp.(a)		28,884		294,328
Exxon Mobil Corp.		119,686		12,304,918
Green Plains, Inc.*(a)		4,509		93,472


Investments	Shares		Value ($)
Gulfport Energy Corp.*		1,992		252,785
Hess Corp.		7,138		1,003,103
HF Sinclair Corp.(a)		5,478		309,452
HighPeak Energy, Inc.(a)		5,810		79,306
International Seaways, Inc.(a)		5,976		320,553
Kinder Morgan, Inc.(a)		53,286		901,599
Kosmos Energy Ltd.*(a)		87,301		529,044
Magnolia Oil & Gas Corp., Class A(a)		31,042		640,086
Marathon Oil Corp.		21,082		481,724
Marathon Petroleum Corp.		11,952		1,979,251
Matador Resources Co.(a)		22,908		1,257,420
Murphy Oil Corp.		30,378		1,175,629
New Fortress Energy, Inc.(a)		16,268		540,586
NextDecade Corp.*(a)		3,006		15,300
Northern Oil and Gas, Inc.(a)		16,932		567,222
Occidental Petroleum Corp.(a)		18,260		1,051,228
ONEOK, Inc.		17,264		1,178,268
Ovintiv, Inc.		8,811		373,763
Par Pacific Holdings, Inc.*(a)		10,458		382,658
PBF Energy, Inc., Class A		23,095		1,166,528
Peabody Energy Corp.(a)		23,213		619,787
Permian Resources Corp.(a)		71,878		968,915
Phillips 66(a)		13,612		1,964,348
Pioneer Natural Resources Co.		6,474		1,487,919
Range Resources Corp.(a)		8,964		260,315
SilverBow Resources, Inc.*		996		26,454
SM Energy Co.(a)		21,912		812,497
Southwestern Energy Co.*		236,716		1,526,818
Targa Resources Corp.		6,308		535,928
Texas Pacific Land Corp.(a)		167		244,042
Uranium Energy Corp.*(a)		3,173		24,242
VAALCO Energy, Inc.(a)		12,284		52,330
Valero Energy Corp.(a)		10,956		1,521,788
Vital Energy, Inc.*(a)		7,304		320,134
Vitesse Energy, Inc.(a)		498		10,463
W&T Offshore, Inc.(a)		21,746		66,108
Williams Cos., Inc. (The)		30,876		1,070,162
World Kinect Corp.		10,956		247,277

				63,164,741

Paper & Forest Products - 0.0%(d)
Clearwater Paper Corp.*(a)		1,660		54,730
Louisiana-Pacific Corp.		3,984		265,135
Mercer International, Inc.(a)		7,304		61,792
Sylvamo Corp.(a)		5,678		263,630

				645,287

Passenger Airlines - 0.3%
Alaska Air Group, Inc.*(a)		24,734		886,219
Allegiant Travel Co.(a)		3,320		260,288
American Airlines Group, Inc.*(a)		129,646		1,844,863
Delta Air Lines, Inc.		16,932		662,718
JetBlue Airways Corp.*(a)		53,618		284,712
Joby Aviation, Inc.*(a)		4,814		26,284
SkyWest, Inc.*		3,818		203,347
Southwest Airlines Co.(a)		14,442		431,671
Spirit Airlines, Inc.(a)		24,568		154,533
Sun Country Airlines Holdings, Inc.*(a)		9,296		126,518


Investments	Shares		Value ($)
United Airlines Holdings, Inc.*(a)		7,802		322,847

				5,204,000

Personal Care Products - 0.2%
Beauty Health Co. (The)*(a)		28,552		83,657
BellRing Brands, Inc.*(a)		4,676		258,443
Coty, Inc., Class A*(a)		14,442		174,459
Edgewell Personal Care Co.(a)		4,162		154,202
elf Beauty, Inc.*		1,826		291,302
Estee Lauder Cos., Inc. (The), Class A		4,980		657,310
Herbalife Ltd.*(a)		14,110		170,026
Inter Parfums, Inc.		501		69,714
Medifast, Inc.(a)		996		54,432
Nu Skin Enterprises, Inc., Class A(a)		15,272		283,448
Olaplex Holdings, Inc.*(a)		62,416		140,436
USANA Health Sciences, Inc.*		1,494		69,949

				2,407,378

Pharmaceuticals - 3.2%
Amphastar Pharmaceuticals, Inc.*(a)		1,002		53,467
Amylyx Pharmaceuticals, Inc.*(a)		8,134		130,144
ANI Pharmaceuticals, Inc.*(a)		167		9,322
Arvinas, Inc.*(a)		4,648		192,892
Axsome Therapeutics, Inc.*(a)		1,670		150,350
Bristol-Myers Squibb Co.		58,930		2,879,909
Cassava Sciences, Inc.*		1,992		47,708
Catalent, Inc.*		8,466		437,184
Collegium Pharmaceutical, Inc.*(a)		9,185		302,738
Corcept Therapeutics, Inc.*(a)		4,063		85,729
Cymabay Therapeutics, Inc.*(a)		996		23,416
Elanco Animal Health, Inc.*		104,414		1,539,062
Eli Lilly & Co.		20,418		13,182,065
Evolus, Inc.*(a)		1,837		23,312
Innoviva, Inc.*(a)		8,798		142,528
Intra-Cellular Therapies, Inc.*		2,822		190,034
Jazz Pharmaceuticals plc*		1,660		203,715
Johnson & Johnson		72,542		11,526,924
Ligand Pharmaceuticals, Inc.*(a)		332		24,269
Merck & Co., Inc.		61,918		7,478,456
Organon & Co.(a)		46,480		773,892
Pacira BioSciences, Inc.*(a)		5,146		167,708
Perrigo Co. plc		30,046		963,876
Pfizer, Inc.		165,004		4,468,308
Pliant Therapeutics, Inc.*(a)		5,146		92,216
Prestige Consumer Healthcare, Inc.*		3,652		224,744
Royalty Pharma plc, Class A		8,134		230,924
Scilex Holding Co.*		14,036		23,019
Supernus Pharmaceuticals, Inc.*(a)		4,316		119,467
Tilray Brands, Inc.*		107,402		196,546
Ventyx Biosciences, Inc.*(a)		35,192		74,255
Viatris, Inc.		25,066		295,027
Zoetis, Inc.		11,620		2,182,352

				48,435,558

Professional Services - 1.1%
Alight, Inc., Class A*		67,562		602,653
ASGN, Inc.*(a)		9,960		924,487


Investments	Shares		Value ($)
Automatic Data Processing, Inc.		10,126		2,488,768
Barrett Business Services, Inc.		835		93,746
Booz Allen Hamilton Holding Corp.		3,006		423,155
Broadridge Financial Solutions, Inc.		2,490		508,458
CACI International, Inc., Class A*		1,162		399,414
CBIZ, Inc.*		1,670		106,312
Ceridian HCM Holding, Inc.*(a)		4,316		300,048
Clarivate plc*(a)		61,752		552,063
Concentrix Corp.(a)		9,960		885,145
Conduent, Inc.*(a)		35,524		127,887
CSG Systems International, Inc.(a)		2,672		134,428
Dun & Bradstreet Holdings, Inc.(a)		45,650		529,084
Equifax, Inc.(a)		3,154		770,648
ExlService Holdings, Inc.*(a)		4,814		150,582
Exponent, Inc.(a)		1,162		102,477
First Advantage Corp.(a)		668		10,935
Forrester Research, Inc.*		4,316		109,972
FTI Consulting, Inc.*(a)		1,162		222,651
Genpact Ltd.(a)		9,628		345,645
Heidrick & Struggles International, Inc.		5,478		164,176
Huron Consulting Group, Inc.*		501		51,869
ICF International, Inc.		501		69,659
Insperity, Inc.(a)		1,162		133,270
Jacobs Solutions, Inc.		3,486		469,808
KBR, Inc.		4,648		242,207
Kelly Services, Inc., Class A		5,976		122,807
Kforce, Inc.(a)		334		22,829
Korn Ferry(a)		9,628		564,875
Legalzoom.com, Inc.*(a)		10,956		112,956
Leidos Holdings, Inc.		3,507		387,418
ManpowerGroup, Inc.		9,130		676,898
Maximus, Inc.(a)		3,486		282,784
NV5 Global, Inc.*(a)		166		17,412
Paychex, Inc.(a)		7,515		914,801
Paycom Software, Inc.		664		126,320
Paycor HCM, Inc.*		4,316		83,860
Paylocity Holding Corp.*(a)		830		131,480
Planet Labs PBC*(a)		47,144		106,546
Resources Connection, Inc.(a)		5,344		71,930
Robert Half, Inc.(a)		3,340		265,664
Science Applications International Corp.(a)		2,988		381,448
SS&C Technologies Holdings, Inc.		4,648		283,621
Sterling Check Corp.*(a)		6,474		88,305
TransUnion		3,154		218,225
TriNet Group, Inc.*(a)		1,826		207,616
TTEC Holdings, Inc.(a)		8,466		172,537
Upwork, Inc.*		11,620		159,310
Verisk Analytics, Inc.		3,674		887,381
Verra Mobility Corp., Class A*(a)		10,020		239,578

				17,446,148

Real Estate Management & Development - 0.4%
Anywhere Real Estate, Inc.*(a)		14,774		105,191
CBRE Group, Inc., Class A*(a)		9,296		802,338
Compass, Inc., Class A*(a)		46,978		161,604


Investments	Shares		Value ($)
CoStar Group, Inc.*		9,794		817,603
Cushman & Wakefield plc*(a)		23,240		244,485
DigitalBridge Group, Inc.		8,632		169,533
eXp World Holdings, Inc.(a)		996		12,330
Forestar Group, Inc.*(a)		6,308		197,188
Howard Hughes Holdings, Inc.*		1,992		159,519
Jones Lang LaSalle, Inc.*		10,126		1,792,910
Newmark Group, Inc., Class A(a)		37,682		382,472
Opendoor Technologies, Inc.*(a)		109,228		373,560
Redfin Corp.*(a)		7,138		58,246
St Joe Co. (The)(a)		501		27,655
Zillow Group, Inc., Class A*(a)		501		27,600
Zillow Group, Inc., Class C*(a)		5,478		311,370

				5,643,604

Residential REITs - 0.3%
American Homes 4 Rent, Class A, REIT		5,478		192,004
Apartment Income REIT Corp., Class A, REIT		3,320		108,531
AvalonBay Communities, Inc., REIT		3,154		564,597
Camden Property Trust, REIT		1,826		171,352
Centerspace, REIT		1,992		109,082
Elme Communities, REIT		10,458		151,432
Equity LifeStyle Properties, Inc., REIT		3,984		269,677
Equity Residential, REIT		10,126		609,484
Essex Property Trust, Inc., REIT		1,328		309,782
Independence Realty Trust, Inc., REIT(a)		3,818		56,086
Invitation Homes, Inc., REIT		11,952		393,579
Mid-America Apartment Communities, Inc., REIT		2,490		314,686
Sun Communities, Inc., REIT		2,988		374,546
UDR, Inc., REIT(a)		5,478		197,318
UMH Properties, Inc., REIT		8,134		122,905

				3,945,061

Retail REITs - 0.4%
Acadia Realty Trust, REIT(a)		9,462		161,422
Agree Realty Corp., REIT		3,154		188,010
Alexander’s, Inc., REIT		332		72,970
Brixmor Property Group, Inc., REIT		10,187		228,596
Federal Realty Investment Trust, REIT		3,486		354,631
Getty Realty Corp., REIT(a)		167		4,619
Kimco Realty Corp., REIT(a)		22,752		459,590
Kite Realty Group Trust, REIT		13,778		294,849
Macerich Co. (The), REIT(a)		50,464		796,827
NETSTREIT Corp., REIT(a)		8,300		150,811
NNN REIT, Inc., REIT(a)		9,960		401,786
Phillips Edison & Co., Inc., REIT(a)		3,154		109,475
Realty Income Corp., REIT		20,363		1,107,544
Regency Centers Corp., REIT		3,984		249,677
Retail Opportunity Investments Corp., REIT		11,620		157,916


Investments	Shares		Value ($)
Simon Property Group, Inc., REIT(a)		7,304		1,012,408
SITE Centers Corp., REIT		4,843		64,509
Tanger, Inc., REIT(a)		7,470		200,943
Urban Edge Properties, REIT(a)		4,509		77,870
Whitestone REIT, REIT(a)		2,988		38,605

				6,133,058

Semiconductors & Semiconductor Equipment - 6.2%
Advanced Micro Devices, Inc.*		38,891		6,521,632
Allegro MicroSystems, Inc.*		332		8,612
Alpha & Omega Semiconductor Ltd.*(a)		3,818		97,970
Ambarella, Inc.*		498		26,175
Amkor Technology, Inc.		21,248		672,712
Analog Devices, Inc.		14,276		2,746,131
Applied Materials, Inc.(a)		20,750		3,409,225
Axcelis Technologies, Inc.*		1,002		130,310
Broadcom, Inc.		10,790		12,732,200
Cirrus Logic, Inc.*		1,660		128,152
Cohu, Inc.*		1,169		37,244
Credo Technology Group Holding Ltd.*(a)		5,644		115,759
Diodes, Inc.*(a)		8,798		592,281
Enphase Energy, Inc.*		2,490		259,284
Entegris, Inc.(a)		3,818		449,379
First Solar, Inc.*(a)		2,158		315,715
FormFactor, Inc.*(a)		2,171		84,170
Ichor Holdings Ltd.*(a)		3,652		132,202
Impinj, Inc.*(a)		1,336		129,565
indie Semiconductor, Inc., Class A*(a)		8,964		54,412
Intel Corp.		100,264		4,319,373
KLA Corp.		3,486		2,070,823
Kulicke & Soffa Industries, Inc.(a)		1,162		58,472
Lam Research Corp.		3,320		2,739,564
Lattice Semiconductor Corp.*(a)		4,150		252,569
MACOM Technology Solutions Holdings, Inc.*(a)		1,494		128,828
Marvell Technology, Inc.		18,592		1,258,678
MaxLinear, Inc., Class A*(a)		7,470		155,525
Microchip Technology, Inc.		12,450		1,060,491
Micron Technology, Inc.		27,390		2,348,693
MKS Instruments, Inc.(a)		3,486		371,085
Monolithic Power Systems, Inc.		1,162		700,361
Navitas Semiconductor Corp., Class A*(a)		13,280		76,094
NVIDIA Corp.		57,934		35,645,052
NXP Semiconductors NV		6,640		1,398,185
ON Semiconductor Corp.*		11,288		802,915
Onto Innovation, Inc.*(a)		2,656		428,944
PDF Solutions, Inc.*		334		10,421
Photronics, Inc.*(a)		14,529		424,537
Power Integrations, Inc.		2,490		186,650
Qorvo, Inc.*		2,656		264,909
QUALCOMM, Inc.		32,536		4,831,921
Rambus, Inc.*		3,652		250,272
Semtech Corp.*(a)		15,770		312,877
Silicon Laboratories, Inc.*		1,826		225,255


Investments	Shares		Value ($)
SiTime Corp.*		166		17,691
Skyworks Solutions, Inc.		5,312		554,892
SMART Global Holdings, Inc.*(a)		6,640		130,476
SolarEdge Technologies, Inc.*(a)		3,486		231,819
Synaptics, Inc.*		2,656		283,687
Teradyne, Inc.(a)		3,486		336,713
Texas Instruments, Inc.		21,912		3,508,549
Ultra Clean Holdings, Inc.*(a)		4,648		177,554
Universal Display Corp.(a)		2,505		425,274
Veeco Instruments, Inc.*		1,336		42,592
Wolfspeed, Inc.*(a)		3,320		108,066

				94,782,937

Software - 8.7%
ACI Worldwide, Inc.*(a)		2,656		79,866
Adeia, Inc.(a)		20,252		245,859
Adobe, Inc.*		10,956		6,768,398
Agilysys, Inc.*		334		27,959
Alarm.com Holdings, Inc.*(a)		830		50,481
Alkami Technology, Inc.*(a)		5,976		147,129
Altair Engineering, Inc., Class A*(a)		3,320		282,266
Alteryx, Inc., Class A*(a)		2,822		133,932
Amplitude, Inc., Class A*(a)		9,628		124,779
ANSYS, Inc.*		2,324		761,877
Appfolio, Inc., Class A*		1,328		291,177
Appian Corp., Class A*(a)		3,154		102,915
AppLovin Corp., Class A*(a)		5,810		238,965
Aspen Technology, Inc.*(a)		835		160,312
Atlassian Corp., Class A*		3,818		953,622
Aurora Innovation, Inc., Class A*(a)		52,788		157,836
Autodesk, Inc.*		4,980		1,263,974
Bentley Systems, Inc., Class B(a)		6,474		326,290
BILL Holdings, Inc.*		1,162		90,694
Blackbaud, Inc.*		2,672		216,218
BlackLine, Inc.*		3,154		185,077
Box, Inc., Class A*(a)		4,843		125,821
Braze, Inc., Class A*(a)		3,486		188,418
C3.ai, Inc., Class A*(a)		4,316		106,950
Cadence Design Systems, Inc.*		6,513		1,878,740
CCC Intelligent Solutions Holdings, Inc.*		12,118		133,177
Cerence, Inc.*(a)		498		9,970
Clear Secure, Inc., Class A(a)		7,304		138,995
CommVault Systems, Inc.*		2,672		244,969
Confluent, Inc., Class A*		5,312		118,776
Consensus Cloud Solutions, Inc.*(a)		5,976		129,918
Crowdstrike Holdings, Inc., Class A*(a)		5,478		1,602,315
Datadog, Inc., Class A*		7,304		908,910
Digital Turbine, Inc.*(a)		28,054		151,211
DocuSign, Inc.*		5,810		353,945
Dolby Laboratories, Inc., Class A(a)		2,656		220,926
DoubleVerify Holdings, Inc.*(a)		5,644		225,816
Dropbox, Inc., Class A*(a)		10,126		320,792
Dynatrace, Inc.*		6,308		359,556


Investments	Shares		Value ($)
E2open Parent Holdings, Inc.*(a)		16,600		62,416
Elastic NV*		4,316		505,231
Enfusion, Inc., Class A*(a)		668		5,277
Envestnet, Inc.*(a)		332		16,965
EverCommerce, Inc.*(a)		8,300		80,842
Fair Isaac Corp.*		668		800,818
Five9, Inc.*		3,984		302,226
Fortinet, Inc.*		15,865		1,023,134
Freshworks, Inc., Class A*		9,462		210,056
Gen Digital, Inc.		15,770		370,280
Gitlab, Inc., Class A*(a)		3,818		271,498
Guidewire Software, Inc.*(a)		4,482		500,550
HashiCorp, Inc., Class A*		498		10,886
HubSpot, Inc.*		1,328		811,408
Informatica, Inc., Class A*(a)		4,980		149,400
Intapp, Inc.*(a)		668		28,777
InterDigital, Inc.(a)		664		69,753
Intuit, Inc.		6,640		4,192,031
JFrog Ltd.*(a)		6,142		199,799
LiveRamp Holdings, Inc.*		1,162		45,876
Manhattan Associates, Inc.*(a)		1,826		442,915
Marathon Digital Holdings, Inc.*(a)		8,466		150,102
MeridianLink, Inc.*(a)		4,814		109,519
Microsoft Corp.		180,110		71,608,134
MicroStrategy, Inc., Class A*(a)		498		249,603
Mitek Systems, Inc.*(a)		835		10,521
Model N, Inc.*(a)		5,810		156,580
NCR Voyix Corp.*(a)		23,738		348,949
Nutanix, Inc., Class A*(a)		7,636		429,143
Oracle Corp.		37,516		4,190,537
Palantir Technologies, Inc., Class A*(a)		39,674		638,355
Palo Alto Networks, Inc.*(a)		7,470		2,528,670
Pegasystems, Inc.		664		32,363
PowerSchool Holdings, Inc., Class A*(a)		2,004		47,174
Procore Technologies, Inc.*(a)		2,988		213,313
Progress Software Corp.(a)		664		37,722
PTC, Inc.*		2,490		449,819
Q2 Holdings, Inc.*(a)		4,150		176,583
Qualys, Inc.*		1,336		252,731
Rapid7, Inc.*(a)		2,822		155,295
RingCentral, Inc., Class A*(a)		12,948		438,808
Riot Platforms, Inc.*(a)		7,636		83,232
Roper Technologies, Inc.		2,490		1,337,130
Salesforce, Inc.*		23,240		6,532,532
Samsara, Inc., Class A*		7,802		244,983
SentinelOne, Inc., Class A*(a)		13,114		351,455
ServiceNow, Inc.*		4,814		3,684,636
Smartsheet, Inc., Class A*		5,976		268,741
SolarWinds Corp.*		8,964		105,955
Splunk, Inc.*		3,652		560,107
Sprinklr, Inc., Class A*(a)		9,130		113,942
Sprout Social, Inc., Class A*(a)		3,652		223,977
SPS Commerce, Inc.*		1,162		213,576
Synopsys, Inc.*		3,652		1,947,794
Tenable Holdings, Inc.*(a)		2,988		140,735
Teradata Corp.*		2,822		130,320
Tyler Technologies, Inc.*		1,162		491,236


Investments	Shares		Value ($)
UiPath, Inc., Class A*		15,936		366,209
Unity Software, Inc.*(a)		3,818		123,703
Varonis Systems, Inc.*		4,482		201,152
Verint Systems, Inc.*		15,770		468,211
Workday, Inc., Class A*		5,312		1,546,164
Workiva, Inc., Class A*(a)		2,490		231,421
Zoom Video Communications, Inc., Class A*		5,686		367,372
Zscaler, Inc.*(a)		1,826		430,333

				132,317,806

Specialized REITs - 0.9%
American Tower Corp., REIT		10,790		2,111,064
Crown Castle, Inc., REIT		11,288		1,221,926
CubeSmart, REIT		6,513		281,492
Digital Realty Trust, Inc., REIT(a)		6,640		932,654
EPR Properties, REIT(a)		5,010		221,793
Equinix, Inc., REIT		2,171		1,801,431
Extra Space Storage, Inc., REIT(a)		5,478		791,242
Four Corners Property Trust, Inc., REIT(a)		5,312		124,354
Gaming and Leisure Properties, Inc., REIT		6,513		297,318
Iron Mountain, Inc., REIT(a)		6,680		451,034
Lamar Advertising Co., Class A, REIT(a)		2,988		312,784
National Storage Affiliates Trust, REIT(a)		4,980		186,003
Outfront Media, Inc., REIT(a)		35,856		466,845
PotlatchDeltic Corp., REIT		2,988		133,653
Public Storage, REIT(a)		3,674		1,040,440
Rayonier, Inc., REIT		7,138		216,281
Safehold, Inc., REIT		6,142		121,980
SBA Communications Corp., REIT(a)		2,822		631,733
Uniti Group, Inc., REIT(a)		39,342		206,939
VICI Properties, Inc., Class A, REIT		33,366		1,004,984
Weyerhaeuser Co., REIT		14,940		489,584

				13,045,534

Specialty Retail - 2.7%
Abercrombie & Fitch Co., Class A*(a)		3,154		321,393
Academy Sports & Outdoors, Inc.(a)		17,034		1,068,543
Advance Auto Parts, Inc.(a)		12,948		865,574
American Eagle Outfitters, Inc.(a)		42,662		845,561
Arko Corp.(a)		2,505		19,539
Asbury Automotive Group, Inc.*(a)		4,342		907,738
AutoNation, Inc.*(a)		6,308		880,975
AutoZone, Inc.*		498		1,375,541
Bath & Body Works, Inc.		44,488		1,897,858
Best Buy Co., Inc.(a)		6,474		469,300
Beyond, Inc.*(a)		11,620		255,524
Boot Barn Holdings, Inc.*(a)		2,324		166,724
Buckle, Inc. (The)(a)		6,346		236,008
Burlington Stores, Inc.*		1,328		253,847
Caleres, Inc.(a)		8,632		270,786


Investments	Shares		Value ($)
Camping World Holdings, Inc., Class A(a)		5,312		132,003
CarMax, Inc.*		3,984		283,581
Carvana Co.*(a)		22,244		957,827
Chewy, Inc., Class A*(a)		498		8,874
Designer Brands, Inc., Class A(a)		2,988		25,607
Dick’s Sporting Goods, Inc.(a)		11,620		1,732,193
Five Below, Inc.*(a)		1,002		179,819
Floor & Decor Holdings, Inc., Class A*(a)		3,154		317,166
Foot Locker, Inc.(a)		2,158		60,769
GameStop Corp., Class A*(a)		6,972		99,212
Gap, Inc. (The)(a)		40,836		763,225
Group 1 Automotive, Inc.(a)		3,154		820,229
Guess?, Inc.(a)		5,644		126,087
Haverty Furniture Cos., Inc.(a)		332		11,255
Hibbett, Inc.(a)		1,328		88,511
Home Depot, Inc. (The)		24,236		8,554,339
Leslie’s, Inc.*(a)		12,450		83,539
Lithia Motors, Inc., Class A(a)		5,810		1,713,078
Lowe’s Cos., Inc.		17,596		3,745,133
MarineMax, Inc.*(a)		4,980		139,440
Monro, Inc.(a)		3,652		116,353
Murphy USA, Inc.(a)		830		292,592
ODP Corp. (The)*(a)		9,130		466,908
O’Reilly Automotive, Inc.*		1,494		1,528,437
Penske Automotive Group, Inc.(a)		1,162		172,406
Petco Health & Wellness Co., Inc., Class A*(a)		5,644		13,489
RH*(a)		996		252,466
Ross Stores, Inc.		7,849		1,101,058
Sally Beauty Holdings, Inc.*(a)		16,268		200,422
Shoe Carnival, Inc.(a)		6,640		169,320
Signet Jewelers Ltd.(a)		8,517		847,271
Sonic Automotive, Inc., Class A(a)		4,316		218,217
TJX Cos., Inc. (The)		27,390		2,599,585
Tractor Supply Co.(a)		2,672		600,131
Ulta Beauty, Inc.*		1,169		586,896
Upbound Group, Inc.(a)		10,292		341,694
Urban Outfitters, Inc.*		10,126		384,788
Valvoline, Inc.*(a)		7,849		286,410
Victoria’s Secret & Co.*(a)		10,956		285,404
Warby Parker, Inc., Class A*(a)		9,628		122,757
Wayfair, Inc., Class A*(a)		5,478		275,269
Williams-Sonoma, Inc.(a)		2,171		419,850

				40,958,521

Technology Hardware, Storage & Peripherals - 4.7%
Apple, Inc.		354,908		65,445,035
Dell Technologies, Inc., Class C		6,142		509,049
Diebold Nixdorf, Inc.*		3,154		95,882
Hewlett Packard Enterprise Co.		39,893		609,964
HP, Inc.		28,386		814,962
IonQ, Inc.*(a)		11,786		121,042
NetApp, Inc.		6,012		524,246
Pure Storage, Inc., Class A*		8,632		345,194
Seagate Technology Holdings plc(a)		5,976		512,024
Super Micro Computer, Inc.*(a)		1,660		879,153


Investments	Shares		Value ($)
Western Digital Corp.*(a)		9,462		541,699
Xerox Holdings Corp.(a)		20,750		383,045

				70,781,295

Textiles, Apparel & Luxury Goods - 1.0%
Capri Holdings Ltd.*		22,576		1,100,354
Carter’s, Inc.(a)		8,632		652,924
Columbia Sportswear Co.(a)		1,660		131,572
Crocs, Inc.*(a)		12,692		1,287,984
Deckers Outdoor Corp.*		624		470,327
G-III Apparel Group Ltd.*(a)		11,454		344,651
Hanesbrands, Inc.*		30,544		137,448
Kontoor Brands, Inc.(a)		10,126		593,586
Lululemon Athletica, Inc.*		2,672		1,212,607
Movado Group, Inc.(a)		664		18,313
NIKE, Inc., Class B		28,718		2,915,738
Oxford Industries, Inc.(a)		2,324		220,617
PVH Corp.		13,360		1,606,674
Ralph Lauren Corp.		2,324		333,889
Skechers USA, Inc., Class A*		5,845		364,962
Steven Madden Ltd.(a)		3,486		145,994
Tapestry, Inc.		45,816		1,777,203
Under Armour, Inc., Class A*		50,132		382,006
Under Armour, Inc., Class C*(a)		22,244		164,606
VF Corp.(a)		74,368		1,224,097

				15,085,552

Tobacco - 0.4%
Altria Group, Inc.		50,796		2,037,935
Philip Morris International, Inc.		45,982		4,177,465
Universal Corp.(a)		6,308		365,549
Vector Group Ltd.(a)		23,904		250,275

				6,831,224

Trading Companies & Distributors - 0.9%
Air Lease Corp., Class A		20,086		839,796
Applied Industrial Technologies, Inc.(a)		2,158		380,801
Beacon Roofing Supply, Inc.*		11,786		976,942
BlueLinx Holdings, Inc.*(a)		1,837		211,880
Boise Cascade Co.(a)		8,016		1,085,847
Core & Main, Inc., Class A*(a)		21,082		870,897
Custom Truck One Source, Inc.*(a)		16,434		107,478
DNOW, Inc.*		10,959		110,576
Fastenal Co.		12,692		865,975
Ferguson plc		4,482		841,989
FTAI Aviation Ltd.(a)		2,490		134,335
GATX Corp.(a)		2,158		264,679
GMS, Inc.*(a)		9,462		796,322
H&E Equipment Services, Inc.(a)		6,640		357,166
Herc Holdings, Inc.(a)		5,478		807,950
McGrath RentCorp		1,826		229,437
MRC Global, Inc.*(a)		16,932		180,495
MSC Industrial Direct Co., Inc., Class A(a)		2,822		278,475
Rush Enterprises, Inc., Class A(a)		11,454		514,399
Rush Enterprises, Inc., Class B(a)		750		35,452
SiteOne Landscape Supply, Inc.*(a)		2,171		335,528
Titan Machinery, Inc.*		830		22,186
United Rentals, Inc.		1,826		1,141,980
Watsco, Inc.(a)		668		261,175


Investments	Shares		Value ($)
WESCO International, Inc.		9,519		1,651,737
WW Grainger, Inc.(a)		1,002		897,431

				14,200,928

Water Utilities - 0.1%
American States Water Co.		2,338		174,415
American Water Works Co., Inc.		3,984		494,096
California Water Service Group		4,316		195,385
Essential Utilities, Inc.(a)		3,486		125,008
Middlesex Water Co.(a)		501		28,041
SJW Group(a)		996		59,302
York Water Co. (The)(a)		1,992		71,473

				1,147,720

Wireless Telecommunication Services - 0.2%
Gogo, Inc.*(a)		7,849		69,464
Telephone and Data Systems, Inc.(a)		21,248		408,174
T-Mobile US, Inc.		15,106		2,435,540

				2,913,178

TOTAL COMMON STOCKS (COST $845,950,945)				1,508,558,381


Investments	Number of Warrants		Value ($)
WARRANTS - 0.0%(d)

Oil, Gas & Consumable Fuels - 0.0%(d)
Occidental Petroleum Corp., expiring 8/3/2027, price 22.00 USD* (Cost $21,117)		4,266		152,211


Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(d)

Biotechnology - 0.0%(d)
Achillion Pharmaceuticals, Inc., CVR*‡		44,344		17,738

Health Care Equipment & Supplies - 0.0%
ABIOMED, Inc., CVR*‡		1,110		—

Paper & Forest Products - 0.0%
Resolute Forest Products, Inc., CVR*‡		6,734		—

TOTAL RIGHTS (Cost $1,132)				17,738


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS- 14.2%(e)

CERTIFICATES OF DEPOSIT - 2.7%
Bank of Montreal, London 5.57%, 3/12/2024		2,000,000		2,000,000
Credit Agricole CIB, New York 5.60%, 2/8/2024		4,000,000		4,000,000


Investments	Principal Amount ($)		Value ($)
DZ Bank AG, New York (SOFR + 0.35%), 5.66%, 5/3/2024(f)		4,000,000		4,001,836
Mizuho Bank Ltd., New York (SOFR + 0.40%), 5.71%, 3/12/2024(f)		4,000,000		4,000,000
National Westminster Bank PLC 5.88%, 5/2/2024		4,000,000		4,005,360
Nordea Bank Abp, New York Branch (SOFR + 0.47%), 5.78%, 4/26/2024(f)		4,000,000		4,003,972
Oversea-Chinese Banking Corp. Ltd., New York (SOFR + 0.28%), 5.59%, 3/18/2024(f)		2,000,000		2,000,000
Royal Bank of Canada, New York (SOFR + 0.53%), 5.84%, 5/23/2024(f)		3,000,000		3,003,372
Sumitomo Mitsui Trust Bank Ltd., New York (SOFR + 0.23%), 5.54%, 7/16/2024(f)		2,000,000		2,001,112
Svenska Handelsbanken, New York 5.80%, 4/4/2024		1,000,000		1,000,591
(SOFR + 0.33%), 5.64%, 4/4/2024(f)		1,000,000		1,000,334
The Sumitomo Bank Ltd., New York (SOFR + 0.23%), 5.54%, 7/11/2024(f)		3,000,000		3,001,104
Toronto-Dominion Bank, New York (SOFR + 0.52%), 5.68%, 2/28/2024(f)		2,000,000		2,000,217
(US Federal Funds Effective Rate (continuous series) + 0.61%), 5.94%, 7/26/2024(f)		4,000,000		4,008,064

TOTAL CERTIFICATES OF DEPOSIT (Cost $40,000,217)				40,025,962

COMMERCIAL PAPER - 0.5%
Bank of Montreal, Montreal (SOFR + 0.35%), 5.66%, 5/9/2024(f)		4,000,000		4,002,388
Skandanaviska Enskilda Banken 5.60%, 2/6/2024		4,000,000		3,996,933

TOTAL COMMERCIAL PAPER (Cost $7,996,933)				7,999,321

INVESTMENT COMPANIES - 0.3%
BlackRock Liquidity FedFund, Institutional Shares 5.32%, 2/1/2024		1,016,737		1,016,737
Fidelity Government Portfolio, Institutional Class 5.31%, 2/1/2024		2,000,000		2,000,000
Invesco Government & Agency Portfolio, Institutional Shares 5.31%, 2/1/2024		2,000,000		2,000,000

TOTAL INVESTMENT COMPANIES (Cost $5,016,737)				5,016,737


Investments	Principal Amount ($)		Value ($)
REPURCHASE AGREEMENTS - 10.7%
BofA Securities, Inc., 5.76%, dated 1/31/2024, due 5/2/2024, repurchase price $6,088,320, collateralized by various Common Stocks; total market value $2,663,644		6,000,000		6,000,000
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $63,290,809, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 2/1/2024 - 8/15/2053; total market value $444,347,943		63,281,475		63,281,475
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $2,742,058, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $2,799,287		2,741,656		2,741,656
MetLife, Inc., 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $35,005,163, collateralized by various U.S. Treasury Securities, 0.00%, maturing 5/15/2042 - 11/15/2050; total market value $35,762,689		35,000,000		35,000,000
Societe Generale, 5.34%, dated 1/31/2024, due 2/1/2024, repurchase price $10,001,483, collateralized by various U.S. Treasury Securities, ranging from 2.25% - 4.75%, maturing 6/30/2024 - 2/15/2053; total market value $10,213,276		10,000,000		10,000,000
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $45,038,804, collateralized by various Common Stocks; total market value $48,851,552		45,032,037		45,032,037

TOTAL REPURCHASE AGREEMENTS (Cost $162,055,168)				162,055,168

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $215,069,055)				215,097,188

Total Investments - 113.7% (Cost $1,061,042,249)				1,723,825,518
Liabilities in excess of other assets - (13.7%)				(207,374,408	)

Net Assets - 100.0%				1,516,451,110

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $269,433,539, collateralized in the form of cash with a value of $215,017,443 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $63,951,950 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053 and $4,401,897 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 5.00%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $283,371,290.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	Investment in affiliated company. Northern Trust Investments, Inc., the Investment Adviser of the Fund, is a subsidiary of Northern Trust Corporation.

(d)	Represents less than 0.05% of net assets.

(e)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $215,097,188.

(f)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.

Percentages shown are based on Net Assets.


Abbreviations

CVR		Contingent Value Rights
REIT		Real Estate Investment Trust
SOFR		Secured Overnight Financing Rate

Investment in a company which was affiliated for the period ended January 31, 2024, was as follows:

FlexShares^® Morningstar US Market Factor Tilt Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.7%

Aerospace & Defense - 1.1%
Airbus SE		8,621		1,384,082
Babcock International Group plc		27,787		160,154
BAE Systems plc		44,437		666,044
Bombardier, Inc., Class B*		1,886		70,144
CAE, Inc.*		4,476		90,187
Chemring Group plc		15,334		68,735
Dassault Aviation SA		369		70,345
Elbit Systems Ltd.		412		85,281
Hensoldt AG		800		24,245
INVISIO AB		2,552		50,016
Kongsberg Gruppen ASA		1,540		79,087
Leonardo SpA		8,269		145,557
LISI SA(a)		880		20,839
Melrose Industries plc		21,025		158,182
Montana Aerospace AG*(b)		8,621		169,636
MTU Aero Engines AG		777		180,366
QinetiQ Group plc		29,082		132,657
Rheinmetall AG		703		248,028
Rolls-Royce Holdings plc*		123,913		475,285
Saab AB, Class B		1,596		103,925
Safran SA		4,884		920,036
Senior plc		16,810		33,780
Singapore Technologies Engineering Ltd.		17,900		49,962
Thales SA		1,443		212,156

				5,598,729

Air Freight & Logistics - 0.7%
bpost SA(a)		31,524		129,507
Cargojet, Inc.		608		54,713
Cia de Distribucion Integral Logista Holdings SA		2,419		68,949
Deutsche Post AG		19,092		923,286
DSV A/S		2,590		467,097
Freightways Group Ltd.(a)		7,410		38,588
Hamakyorex Co. Ltd.		3,700		104,412
ID Logistics Group SACA*		81		29,035
InPost SA*		3,608		54,673
International Distributions Services plc*		14,455		50,953
Kerry Logistics Network Ltd.		129,500		143,958
Konoike Transport Co. Ltd.(a)		11,100		149,747
Mainfreight Ltd.(a)		1,312		57,905
Mitsui-Soko Holdings Co. Ltd.(a)		7,400		250,337
Nippon Express Holdings, Inc.		1,600		96,334
Oesterreichische Post AG(a)		1,710		58,232
PostNL NV(a)		114,552		167,548
Sankyu, Inc.		1,333		50,557
SBS Holdings, Inc.(a)		3,800		65,095
Senko Group Holdings Co. Ltd.(a)		44,400		351,434
SG Holdings Co. Ltd.		3,800		49,770
Singapore Post Ltd.		114,000		34,976


Investments	Shares		Value ($)
Trancom Co. Ltd.		900		43,037
Yamato Holdings Co. Ltd.		3,800		66,459

				3,506,602

Automobile Components - 1.3%
Aisan Industry Co. Ltd.(a)		11,400		108,170
Aisin Corp.(a)		3,900		148,209
ARB Corp. Ltd.(a)		4,718		105,729
Brembo SpA		1,435		17,832
Bridgestone Corp.		11,100		489,334
CIE Automotive SA		2,091		55,648
Cie Generale des Etablissements Michelin SCA		13,542		453,362
Cie Plastic Omnium SE(a)		21,090		244,668
Continental AG		2,109		174,567
Denso Corp.		37,000		592,557
Dometic Group AB(c)		5,962		47,835
Dowlais Group plc		464,313		534,517
Eagle Industry Co. Ltd.		8,200		96,487
Exedy Corp.(a)		11,100		216,191
FCC Co. Ltd.(a)		14,800		195,511
Forvia SE*		3,876		67,597
Gestamp Automocion SA(b)		47,804		160,143
G-Tekt Corp.		8,000		100,975
GUD Holdings Ltd.(a)		6,543		53,114
Hella GmbH & Co. KGaA		328		29,251
Johnson Electric Holdings Ltd.		92,500		121,168
JTEKT Corp.		3,800		35,420
Koito Manufacturing Co. Ltd.		5,000		77,886
KYB Corp.(a)		7,400		260,715
Linamar Corp.		1,066		50,880
Magna International, Inc.(a)		5,846		334,338
Musashi Seimitsu Industry Co. Ltd.		11,100		128,408
NHK Spring Co. Ltd.		2,900		24,353
Nifco, Inc.		2,400		63,491
Niterra Co. Ltd.		2,700		73,884
NOK Corp.		4,100		55,284
Nokian Renkaat OYJ		8,364		75,936
Pacific Industrial Co. Ltd.		22,200		219,456
Pirelli & C SpA(b)		3,854		21,091
PWR Holdings Ltd.		3,772		26,057
Schaeffler AG (Preference)		33,818		216,001
Seiren Co. Ltd.		4,100		69,897
Shoei Co. Ltd.		3,800		51,629
Sumitomo Electric Industries Ltd.(a)		14,800		200,067
Sumitomo Riko Co. Ltd.		7,600		66,498
Sumitomo Rubber Industries Ltd.		3,800		44,753
Tokai Rika Co. Ltd.		3,800		61,169
Topre Corp.(a)		18,500		274,637
Toyo Tire Corp.(a)		4,500		75,916
Toyoda Gosei Co. Ltd.		2,000		39,343
Toyota Boshoku Corp.		2,700		45,300
Valeo SE		1,672		22,094
Yokohama Rubber Co. Ltd. (The)		4,100		98,703

				6,726,071

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund (cont.)


Investments	Shares		Value ($)
Automobiles - 2.5%
Aston Martin Lagonda Global Holdings plc*(b)		16,400		40,015
Bayerische Motoren Werke AG		6,290		661,251
Bayerische Motoren Werke AG (Preference)		1,138		112,181
Dr Ing hc F Porsche AG (Preference)(b)		2,553		219,415
Ferrari NV		1,776		624,476
Honda Motor Co. Ltd.		99,900		1,145,083
Isuzu Motors Ltd.		11,100		154,341
Mazda Motor Corp.		11,800		147,041
Mercedes-Benz Group AG		16,724		1,141,761
Mitsubishi Motors Corp.		13,500		43,490
Nissan Motor Co. Ltd.(a)		48,100		193,617
Nissan Shatai Co. Ltd.		3,800		25,450
Piaggio & C SpA		54,094		181,215
PIERER Mobility AG(a)		440		23,414
Porsche Automobil Holding SE (Preference)		2,257		114,002
Renault SA		3,848		146,589
Stellantis NV		41,477		923,390
Subaru Corp.		11,500		235,310
Suzuki Motor Corp.		7,400		338,575
Toyota Motor Corp.		247,900		5,087,737
Trigano SA		2,627		417,764
Volkswagen AG (Preference)		4,477		582,799
Yamaha Motor Co. Ltd.(a)		22,200		213,685

				12,772,601

Banks - 10.7%
ABN AMRO Bank NV, CVA(b)		8,172		121,258
AIB Group plc		24,383		107,957
Aichi Financial Group, Inc.(a)		14,800		265,372
Aktia Bank OYJ(a)		18,722		198,284
Alior Bank SA*		2,640		50,000
AMCO - Asset Management Co. SpA*‡		239		—
ANZ Group Holdings Ltd.		44,585		801,663
Awa Bank Ltd. (The)(a)		11,100		189,006
Banca Monte dei Paschi di Siena SpA*		7,182		25,526
Banca Popolare di Sondrio SpA		151,256		1,158,328
Banco Bilbao Vizcaya Argentaria SA		116,994		1,102,587
Banco BPM SpA		29,068		158,191
Banco Comercial Portugues SA, Class R*(a)		189,546		55,612
Banco de Sabadell SA		113,701		148,950
Banco Santander SA		308,321		1,251,070
Bank Hapoalim BM		24,457		209,624
Bank Leumi Le-Israel BM		30,266		231,791
Bank Millennium SA*		25,740		54,347
Bank of Cyprus Holdings plc		137,455		523,376
Bank of East Asia Ltd. (The)		24,600		28,007
Bank of Georgia Group plc		12,432		600,807
Bank of Ireland Group plc		19,943		184,829
Bank of Montreal		15,281		1,448,438
Bank of Nova Scotia (The)		26,048		1,225,731
Bank of Queensland Ltd.(a)		21,622		86,331
Bank Polska Kasa Opieki SA		3,805		147,588


Investments	Shares		Value ($)
Bankinter SA		13,940		86,614
Banque Cantonale de Geneve(a)		629		173,042
Banque Cantonale Vaudoise (Registered)(a)		410		52,956
Barclays plc		254,597		481,202
BAWAG Group AG(b)		2,050		106,531
Bendigo & Adelaide Bank Ltd.(a)		7,372		47,953
Berner Kantonalbank AG (Registered)		328		92,147
BNP Paribas SA		21,756		1,478,210
BPER Banca		27,426		99,950
CaixaBank SA		81,548		350,251
Canadian Imperial Bank of Commerce(a)		20,023		910,593
Canadian Western Bank		32,153		712,586
Chiba Bank Ltd. (The)		16,200		121,909
Chugin Financial Group, Inc.		7,600		54,566
Close Brothers Group plc(a)		53,687		371,920
Commerzbank AG		20,387		236,513
Commonwealth Bank of Australia		24,531		1,905,892
Concordia Financial Group Ltd.		22,200		107,480
Credit Agricole SA		24,531		354,722
Credito Emiliano SpA		25,345		232,086
Dah Sing Banking Group Ltd.		60,800		36,477
Dah Sing Financial Holdings Ltd.		74,000		149,377
Daishi Hokuetsu Financial Group, Inc.(a)		14,800		416,638
Danske Bank A/S		13,135		355,375
DBS Group Holdings Ltd.		37,056		884,009
DNB Bank ASA		18,352		359,964
EQB, Inc.(a)		9,213		636,611
Erste Group Bank AG		6,660		289,739
FIBI Holdings Ltd.		533		22,739
FinecoBank Banca Fineco SpA		8,288		120,908
First International Bank of Israel Ltd. (The)		1,144		46,228
Fukuoka Financial Group, Inc.		2,800		69,935
Graubuendner Kantonalbank		7		14,035
Gunma Bank Ltd. (The)		16,400		82,081
Hachijuni Bank Ltd. (The)		15,500		85,742
Hang Seng Bank Ltd.		7,600		78,992
Heartland Group Holdings Ltd.(a)		210,826		180,386
Hirogin Holdings, Inc.		9,200		62,712
Hokkoku Financial Holdings, Inc.(a)		1,300		39,265
Hokuhoku Financial Group, Inc.		3,800		40,944
HSBC Holdings plc		384,985		3,030,782
Hyakugo Bank Ltd. (The)(a)		81,400		320,755
Hyakujushi Bank Ltd. (The)(a)		11,100		189,385
ING Bank Slaski SA*		532		33,657
ING Groep NV		67,488		966,944
Intesa Sanpaolo SpA		323,602		1,006,381
Israel Discount Bank Ltd., Class A		26,954		131,740
Iyogin Holdings, Inc.		8,200		56,658
Japan Post Bank Co. Ltd.		22,200		233,201
Judo Capital Holdings Ltd.*(a)		82,840		64,618
Juroku Financial Group, Inc.(a)		11,100		315,516
Jyske Bank A/S (Registered)		1,292		99,831
KBC Ancora		803		37,280
KBC Group NV		4,847		318,430
Keiyo Bank Ltd. (The)		40,700		202,421

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund (cont.)


Investments	Shares		Value ($)
Kyoto Financial Group, Inc.		6,400		108,057
Kyushu Financial Group, Inc.		12,000		77,578
Laurentian Bank of Canada(a)		14,282		283,598
Liechtensteinische Landesbank AG		1,025		81,967
Lloyds Banking Group plc		1,190,031		644,595
Luzerner Kantonalbank AG (Registered)		304		25,480
Mebuki Financial Group, Inc.		28,010		85,156
Mediobanca Banca di Credito Finanziario SpA		12,432		166,102
Mitsubishi UFJ Financial Group, Inc.		181,300		1,730,210
Mizrahi Tefahot Bank Ltd.		2,622		98,240
Mizuho Financial Group, Inc.		51,800		957,507
Musashino Bank Ltd. (The)(a)		11,100		212,546
Nanto Bank Ltd. (The)		3,800		69,800
National Australia Bank Ltd.(a)		46,213		995,901
National Bank of Canada		7,067		543,917
NatWest Group plc		84,360		241,928
Nishi-Nippon Financial Holdings, Inc.		3,800		44,480
Nordea Bank Abp		68,117		845,434
Norion Bank AB*		1,353		5,389
North Pacific Bank Ltd.		22,800		59,115
Oberbank AG		902		67,606
Oma Saastopankki OYJ		4,810		121,217
Oversea-Chinese Banking Corp. Ltd.		70,300		678,091
Powszechna Kasa Oszczednosci Bank Polski SA		15,088		193,183
Raiffeisen Bank International AG		3,344		70,178
Resona Holdings, Inc.		37,000		207,534
Ringkjoebing Landbobank A/S		492		79,875
Royal Bank of Canada		20,979		2,060,293
San-In Godo Bank Ltd. (The)		51,800		370,671
Santander Bank Polska SA		814		99,523
Senshu Ikeda Holdings, Inc.		96,200		226,392
Seven Bank Ltd.(a)		15,200		32,173
Shiga Bank Ltd. (The)		1,000		25,210
Shizuoka Financial Group, Inc.		12,800		118,609
Skandinaviska Enskilda Banken AB, Class A		33,929		486,490
Skandinaviska Enskilda Banken AB, Class C		684		10,062
Societe Generale SA		14,763		384,230
Spar Nord Bank A/S		24,013		411,194
SpareBank 1 Nord Norge		30,599		303,163
Sparebank 1 Oestlandet		1,329		15,557
SpareBank 1 SMN		3,103		42,554
SpareBank 1 Sorost-Norge		24,198		144,402
SpareBank 1 SR-Bank ASA		4,796		58,616
Sparebanken Vest		30,488		323,639
St Galler Kantonalbank AG (Registered)		41		23,897
Standard Chartered plc		45,362		345,904
Sumitomo Mitsui Financial Group, Inc.		27,200		1,432,803
Sumitomo Mitsui Trust Holdings, Inc.		14,800		307,897
Suruga Bank Ltd.(a)		15,200		89,843
Svenska Handelsbanken AB, Class A		25,715		280,113
Svenska Handelsbanken AB, Class B(a)		908		12,250
Swedbank AB, Class A		20,128		414,546


Investments	Shares		Value ($)
Sydbank A/S		18,648		834,320
TBC Bank Group plc		16,280		604,331
Tokyo Kiraboshi Financial Group, Inc.(a)		7,400		220,469
TOMONY Holdings, Inc.		51,800		144,937
Toronto-Dominion Bank (The)		38,184		2,334,110
Unicaja Banco SA(a)(b)		418,507		403,460
UniCredit SpA		36,001		1,062,121
United Overseas Bank Ltd.		25,900		549,843
Valiant Holding AG (Registered)		5,217		628,825
Virgin Money UK plc(a)		30,176		60,274
Walliser Kantonalbank (Registered)		485		61,625
Westpac Banking Corp.		52,503		839,218
Yamaguchi Financial Group, Inc.		4,100		39,619
Zuger Kantonalbank AG		10		89,526

				53,918,945

Beverages - 1.0%
Anheuser-Busch InBev SA/NV		12,654		790,498
Asahi Group Holdings Ltd.		6,500		245,015
Britvic plc		3,520		39,558
Budweiser Brewing Co. APAC Ltd.(b)		45,600		71,632
C&C Group plc(a)		27,840		54,456
Carlsberg A/S, Class B		1,258		163,020
Coca-Cola Europacific Partners plc		2,934		202,153
Coca-Cola HBC AG		3,612		107,081
Davide Campari-Milano NV		6,802		69,527
Diageo plc		33,633		1,225,151
Fevertree Drinks plc		5,658		72,772
Heineken Holding NV		2,220		187,733
Heineken NV		4,366		442,482
Ito En Ltd.		800		23,550
Kirin Holdings Co. Ltd.		11,100		161,213
Olvi OYJ, Class A		912		31,404
Pernod Ricard SA		2,886		478,075
Primo Water Corp.		7,955		116,820
Remy Cointreau SA		398		40,760
Royal Unibrew A/S		836		55,191
Sapporo Holdings Ltd.		1,900		88,972
Suntory Beverage & Food Ltd.		1,800		59,501
Treasury Wine Estates Ltd.		13,528		96,313

				4,822,877

Biotechnology - 0.6%
Argenx SE*		851		322,430
Bavarian Nordic A/S*(a)		3,730		86,485
BioGaia AB, Class B		5,670		61,791
BoneSupport Holding AB*(b)		2,665		53,236
CK Life Sciences Int’l Holdings, Inc.(a)		380,000		25,764
CSL Ltd.		7,215		1,438,951
Galapagos NV*		1,976		74,846
Genmab A/S*		925		258,959
Genus plc		2,128		62,165
GNI Group Ltd.*		3,800		69,176
Grifols SA*		2,888		31,826
Grifols SA (Preference), Class B*		6,498		52,938
MorphoSys AG*		1,862		79,690
Nykode Therapeutics ASA*		11,562		19,980
PeptiDream, Inc.*		2,500		22,302


Investments	Shares		Value ($)
Swedish Orphan Biovitrum AB*		3,561		100,637
Takara Bio, Inc.		400		3,445
Telix Pharmaceuticals Ltd.*		4,018		30,545
Vitrolife AB(a)		880		14,683
Zealand Pharma A/S, Class A*		2,391		164,539

				2,974,388

Broadline Retail - 0.6%
Allegro.eu SA*(b)		6,278		47,890
ASKUL Corp.		1,000		13,716
B&M European Value Retail SA		15,278		100,898
Canadian Tire Corp. Ltd., Class A(a)		1,052		112,519
Dollarama, Inc.(a)		3,737		275,985
Europris ASA(b)		8,968		67,711
Harvey Norman Holdings Ltd.(a)		5,586		16,321
Isetan Mitsukoshi Holdings Ltd.(a)		5,000		59,244
Izumi Co. Ltd.(a)		1,300		30,976
J Front Retailing Co. Ltd.		4,100		38,497
Next plc		1,998		215,456
Pan Pacific International Holdings Corp.		7,400		162,352
Pepco Group NV*(b)		4,066		22,457
Prosus NV		21,497		642,856
Puuilo OYJ		2,622		25,406
Rakuten Group, Inc.*		22,800		101,463
Ryohin Keikaku Co. Ltd.(a)		6,000		94,531
Seria Co. Ltd.		1,000		18,498
Takashimaya Co. Ltd.		4,300		60,599
THG plc, Class B*(a)		50,904		43,004
Tokmanni Group Corp.(a)		4,750		81,936
Wesfarmers Ltd.		16,650		640,247

				2,872,562

Building Products - 1.0%
AGC, Inc.		4,600		175,157
Assa Abloy AB, Class B		14,504		402,454
Belimo Holding AG (Registered)		123		58,012
Bunka Shutter Co. Ltd.		20,200		203,831
Carel Industries SpA(a)(b)		2,318		56,653
Central Glass Co. Ltd.		7,400		140,381
Cie de Saint-Gobain SA		9,842		703,887
Daikin Industries Ltd.		4,000		653,600
dormakaba Holding AG		126		63,819
Fletcher Building Ltd.		16,948		47,154
Forbo Holding AG (Registered)		41		48,750
Geberit AG (Registered)		444		258,890
Genuit Group plc		15,480		83,583
Inwido AB		19,684		242,898
James Halstead plc		18,023		45,444
Kingspan Group plc		2,221		182,293
Lindab International AB		4,346		83,493
Lixil Corp.		3,800		51,447
Munters Group AB(b)		4,428		71,269
Nibe Industrier AB, Class B(a)		26,492		160,865
Nichias Corp.(a)		19,300		457,496
Nichiha Corp.		7,400		150,810
Nitto Boseki Co. Ltd.(a)		1,900		66,291
Noritz Corp.		3,800		40,554
Reliance Worldwide Corp. Ltd.		13,860		38,848
ROCKWOOL A/S, Class A		88		24,187


Investments	Shares		Value ($)
ROCKWOOL A/S, Class B		174		47,926
Sanwa Holdings Corp.(a)		5,400		84,062
Schweiter Technologies AG		56		31,008
Sekisui Jushi Corp.		3,800		66,368
Systemair AB		4,018		29,166
Takara Standard Co. Ltd.		3,800		45,961
Takasago Thermal Engineering Co. Ltd.(a)		4,100		95,926
TOTO Ltd.		3,000		82,401
Volution Group plc		3,838		21,300

				5,016,184

Capital Markets - 3.1%
3i Group plc		18,944		598,040
abrdn plc		31,578		67,759
AJ Bell plc		21,520		86,708
Allfunds Group plc		4,048		29,329
Alpha Group International plc(b)		760		15,969
Amundi SA(b)		1,312		89,643
Anima Holding SpA(b)		62,382		284,196
Antin Infrastructure Partners SA(a)		4,332		80,278
Ashmore Group plc		22,554		60,947
ASX Ltd.		1,938		84,118
Avanza Bank Holding AB(a)		2,704		54,958
Azimut Holding SpA		2,501		70,363
Banca Generali SpA		1,397		53,719
Brederode SA		285		33,806
Bridgepoint Group plc(b)		31,524		107,908
Brookfield Asset Management Ltd., Class A		7,400		299,423
Brookfield Corp., Class A		30,045		1,199,936
Bure Equity AB		968		27,975
CI Financial Corp.		48,803		599,056
Cie Financiere Tradition SA		266		37,054
Daiwa Securities Group, Inc.		25,900		188,525
Deutsche Bank AG (Registered)		34,706		453,675
Deutsche Boerse AG		2,664		534,624
EFG International AG		1,680		21,816
EQT AB(a)		9,879		269,627
Euronext NV(b)		1,358		120,444
Fairfax India Holdings Corp.*(a)(b)		4,510		67,560
flatexDEGIRO AG*		2,128		23,520
Gimv NV		1,254		58,913
GMO Financial Holdings, Inc.(a)		8,200		42,410
Hargreaves Lansdown plc(a)		5,061		49,355
Hong Kong Exchanges & Clearing Ltd.		16,558		501,151
HUB24 Ltd.		4,413		108,812
iFAST Corp. Ltd.		16,400		90,569
IG Group Holdings plc		2,698		24,514
IGM Financial, Inc.(a)		2,200		59,889
Insignia Financial Ltd.(a)		163,022		231,696
IntegraFin Holdings plc(b)		15,498		58,300
Intermediate Capital Group plc		6,105		138,851
Investec plc		16,199		107,434
JAFCO Group Co. Ltd.(a)		5,000		60,099
Japan Exchange Group, Inc.		7,400		166,250
JTC plc(b)		4,522		46,097
Julius Baer Group Ltd.		4,218		232,571


Investments	Shares		Value ($)
Leonteq AG(a)		2,812		105,550
London Stock Exchange Group plc		6,327		720,468
Macquarie Group Ltd.		5,661		712,703
Magellan Financial Group Ltd.		56,573		339,196
Man Group plc		32,340		97,646
Monex Group, Inc.		12,300		65,381
Ninety One plc(a)		15,252		34,281
Nomura Holdings, Inc.		51,800		272,581
Nordnet AB publ		2,420		38,482
Okasan Securities Group, Inc.		18,500		91,883
Onex Corp.		684		50,822
Partners Group Holding AG		296		404,742
Perpetual Ltd.(a)		38,887		668,363
Pinnacle Investment Management Group Ltd.(a)		10,281		69,662
Quilter plc(a)(b)		469,604		626,124
Rathbones Group plc		1,330		28,081
Ratos AB, Class B		67,451		225,090
SBI Holdings, Inc.		4,800		119,659
Schroders plc		18,389		95,122
Singapore Exchange Ltd.		12,300		86,611
St James’s Place plc		13,394		111,584
Swissquote Group Holding SA (Registered)		205		52,000
Tamburi Investment Partners SpA		2,546		25,056
Tel Aviv Stock Exchange Ltd.		4,141		25,806
TMX Group Ltd.		4,070		101,289
Tokai Tokyo Financial Holdings, Inc.		22,800		89,219
TP ICAP Group plc		265,105		634,347
UBS Group AG (Registered)		49,136		1,488,657
UOB-Kay Hian Holdings Ltd.		5,767		5,653
Van Lanschot Kempen NV, CVA(a)		11,507		349,360
Vontobel Holding AG (Registered)		339		22,604
VZ Holding AG		285		33,821
XTB SA(b)		13,398		151,901
Yangzijiang Financial Holding Ltd.		836,200		197,106

				15,678,737

Chemicals - 2.7%
ADEKA Corp.		2,300		45,780
Aica Kogyo Co. Ltd.		1,500		35,208
Air Liquide SA		7,474		1,410,044
Air Water, Inc.		4,100		54,849
Akzo Nobel NV		1,887		146,024
Arkema SA		1,443		158,784
Asahi Kasei Corp.(a)		33,300		255,716
ASAHI YUKIZAI Corp.		3,900		110,457
BASF SE		19,055		920,255
Borregaard ASA		1,692		29,029
C Uyemura & Co. Ltd.		600		46,136
Clariant AG (Registered)		2,166		28,052
Corbion NV		1,330		26,048
Covestro AG*(b)		2,035		108,492
Croda International plc		2,146		131,312
Daicel Corp.		8,900		88,467
Denka Co. Ltd.		1,400		24,729
DIC Corp.		2,899		55,432
DSM-Firmenich AG		3,478		370,544
Elementis plc*		23,522		42,655


Investments	Shares		Value ($)
Elkem ASA(b)		110,260		230,925
EMS-Chemie Holding AG (Registered)		126		96,279
Evonik Industries AG		5,439		101,295
FUCHS SE		711		25,409
FUCHS SE (Preference)		1,182		52,385
Fuso Chemical Co. Ltd.(a)		1,100		31,493
Givaudan SA (Registered)(a)		124		521,672
Hexpol AB		5,784		66,952
ICL Group Ltd.		10,602		48,845
Incitec Pivot Ltd.(a)		3,306		5,879
Israel Corp. Ltd.*		104		24,106
JCU Corp.		1,400		35,916
Johnson Matthey plc		1,862		38,579
JSR Corp.		3,100		85,572
K+S AG (Registered)		4,961		70,406
Kaneka Corp.		1,300		32,088
Kansai Paint Co. Ltd.		3,800		64,484
Kemira OYJ		2,992		56,389
KH Neochem Co. Ltd.(a)		14,800		233,985
Kumiai Chemical Industry Co. Ltd.		29,600		172,122
Kuraray Co. Ltd.		8,000		84,939
Kureha Corp.		13,500		261,919
LANXESS AG		28,971		785,170
Lenzing AG*(a)		6,660		223,905
Lintec Corp.		3,800		72,997
Methanex Corp.		1,290		57,565
Mitsubishi Chemical Group Corp.		29,600		181,215
Mitsubishi Gas Chemical Co., Inc.		6,200		102,729
Mitsui Chemicals, Inc.		5,100		152,607
Nihon Parkerizing Co. Ltd.		4,100		33,097
Nippon Paint Holdings Co. Ltd.		14,800		118,309
Nippon Sanso Holdings Corp.		2,800		72,215
Nippon Soda Co. Ltd.		9,139		357,620
Nissan Chemical Corp.		2,900		117,488
Nitto Denko Corp.		1,800		151,585
NOF Corp.		1,200		54,937
Novozymes A/S, Class B(a)		5,034		259,903
Nufarm Ltd.(a)		20,418		75,315
Nutrien Ltd.		10,175		510,559
OCI NV		1,933		55,895
Orica Ltd.		4,446		47,789
Resonac Holdings Corp.(a)		3,800		77,027
Sanyo Chemical Industries Ltd.		3,700		109,348
Shikoku Kasei Holdings Corp.		3,200		40,105
Shin-Etsu Chemical Co. Ltd.		29,600		1,189,670
Shin-Etsu Polymer Co. Ltd.		800		8,943
Sika AG (Registered)		2,294		642,058
SOL SpA(a)		3,009		87,106
Solvay SA(a)		1,558		43,054
Sumitomo Chemical Co. Ltd.(a)		7,600		18,166
Symrise AG, Class A		1,961		204,365
T Hasegawa Co. Ltd.		900		20,564
Taiyo Holdings Co. Ltd.		1,800		40,328
Teijin Ltd.		4,100		38,258
Tessenderlo Group SA		2,052		59,180
Toagosei Co. Ltd.		11,100		107,830
Tokai Carbon Co. Ltd.		6,600		47,161
Tokuyama Corp.		25,900		421,346


Investments	Shares		Value ($)
Tokyo Ohka Kogyo Co. Ltd.		2,100		48,889
Toray Industries, Inc.		29,600		149,949
Tosoh Corp.(a)		7,600		99,358
Toyobo Co. Ltd.		25,900		196,675
Umicore SA		1,710		39,323
Victrex plc(a)		4,066		70,574
Wacker Chemie AG		256		28,211
Yara International ASA		3,478		116,215
Zeon Corp.		3,600		33,149

				13,797,404

Commercial Services & Supplies - 1.1%
Aker Carbon Capture ASA*		3,230		3,228
Befesa SA(b)		2,242		79,832
Bilfinger SE		8,880		380,241
Boyd Group Services, Inc.		372		80,461
Brambles Ltd.(a)		21,571		208,759
Bravida Holding AB(b)		12,844		98,515
Cleanaway Waste Management Ltd.		35,024		60,197
Dai Nippon Printing Co. Ltd.		3,700		108,640
Daiseki Co. Ltd.(a)		1,499		43,480
DO & CO AG		369		51,707
Downer EDI Ltd.		41,255		114,813
Duskin Co. Ltd.		4,100		96,179
Element Fleet Management Corp.		6,956		118,081
Elis SA		4,652		103,338
GFL Environmental, Inc.		2,416		82,604
Intrum AB(a)		25,345		151,201
ISS A/S		2,508		47,881
Japan Elevator Service Holdings Co. Ltd.		4,200		64,419
Kokuyo Co. Ltd.		4,100		66,924
Loomis AB, Class B		984		27,123
Mitie Group plc		92,315		121,556
Mitsubishi Pencil Co. Ltd.		1,800		24,776
Nippon Kanzai Holdings Co. Ltd.		1,300		23,461
Okamura Corp.		3,800		57,842
Prestige International, Inc.		4,000		16,665
Prosegur Cash SA(b)		90,528		49,365
Raksul, Inc.*(a)		3,800		30,052
RB Global, Inc.		2,553		164,448
Rentokil Initial plc		38,702		201,231
Sato Holdings Corp.		11,100		165,541
Sdiptech AB, Class B*		912		22,896
Secom Co. Ltd.		2,700		198,009
Securitas AB, Class B(a)		10,979		107,693
Serco Group plc		379,879		839,318
Smart Metering Systems plc		7,215		87,377
Societe BIC SA		7,770		541,014
Sohgo Security Services Co. Ltd.		9,500		52,428
SPIE SA		2,992		99,777
TOPPAN Holdings, Inc.		4,000		111,893
Veridis Environment Ltd.*		2,870		14,027
Waste Connections, Inc.(a)		3,811		595,332

				5,512,324

Communications Equipment - 0.2%
Nokia OYJ		115,958		418,437
Spirent Communications plc		25,338		38,171


Investments	Shares		Value ($)
Telefonaktiebolaget LM Ericsson, Class A		9,196		50,998
Telefonaktiebolaget LM Ericsson, Class B		36,778		205,490
VTech Holdings Ltd.(a)		51,800		300,175

				1,013,271

Construction & Engineering - 2.2%
Ackermans & van Haaren NV(a)		454		76,390
ACS Actividades de Construccion y Servicios SA		4,625		183,825
AF Gruppen ASA		5,586		62,289
Ashtrom Group Ltd.		14,948		226,416
Balfour Beatty plc		185,962		786,220
Bouygues SA		4,033		148,861
Burkhalter Holding AG		615		63,160
Chiyoda Corp.*(a)		55,500		129,092
Chudenko Corp.		4,100		78,171
Deme Group NV		456		57,656
Eiffage SA		1,480		156,071
Elco Ltd.(a)		1,520		47,174
Elecnor SA		14,023		287,894
Electra Ltd.		76		29,163
Ferrovial SE		6,520		250,786
Fugro NV*		6,512		121,172
Gold Finance Holdings Ltd.*‡		89,827		—
Hazama Ando Corp.		51,800		423,826
HOCHTIEF AG		442		47,892
INFRONEER Holdings, Inc.		4,100		43,405
Instalco AB(a)(b)		4,332		17,492
Johns Lyng Group Ltd.(a)		11,210		50,465
Kajima Corp.		11,200		202,585
Kinden Corp.		2,300		38,809
Kumagai Gumi Co. Ltd.		11,900		313,019
Kvutzat Acro Ltd.(a)		9,472		109,489
Kyudenko Corp.		2,100		80,983
Maire Tecnimont SpA		51,060		267,447
MIRAIT ONE Corp.		33,300		445,025
Monadelphous Group Ltd.		7,216		66,019
Morgan Sindall Group plc		14,134		407,676
Mota-Engil SGPS SA		25,456		147,383
NCC AB, Class B		27,787		358,486
Nippon Densetsu Kogyo Co. Ltd.		1,700		23,934
Nippon Road Co. Ltd. (The)(a)		6,800		99,319
Nishimatsu Construction Co. Ltd.(a)		11,100		308,074
NRW Holdings Ltd.		153,402		276,839
Obayashi Corp.		11,400		106,806
Okumura Corp.		11,100		392,591
OX2 AB, Class B*(a)		8,588		41,343
Peab AB, Class B(a)		59,866		298,972
Penta-Ocean Construction Co. Ltd.		9,700		52,636
Raito Kogyo Co. Ltd.		3,200		45,250
Raiznext Corp.		11,100		119,676
Sacyr SA		28,435		94,392
Sacyr SA*		568		1,885
Sanki Engineering Co. Ltd.		3,800		49,289
Shapir Engineering and Industry Ltd.(a)		2,525		14,319
Shikun & Binui Ltd.*(a)		11,210		29,496


Investments	Shares		Value ($)
Shimizu Corp.		7,600		51,447
Shinnihon Corp.		12,300		102,742
SHO-BOND Holdings Co. Ltd.		1,200		54,108
Skanska AB, Class B(a)		5,809		101,845
SNC-Lavalin Group, Inc.		2,068		69,018
Stantec, Inc.		1,668		134,871
Sumitomo Densetsu Co. Ltd.		6,400		134,195
Sweco AB, Class B		4,708		55,727
Taihei Dengyo Kaisha Ltd.(a)		5,000		153,070
Taikisha Ltd.		1,000		30,238
Taisei Corp.		3,700		136,306
Takamatsu Construction Group Co. Ltd.		7,400		150,405
Thyssenkrupp Nucera AG & Co. KGaa*		1,748		29,051
Toa Corp.		3,800		101,645
Toda Corp.		5,200		33,190
Toenec Corp.(a)		3,800		126,212
Toyo Construction Co. Ltd.		3,800		33,821
Veidekke ASA		3,088		28,350
Ventia Services Group Pty. Ltd.		28,618		62,240
Vinci SA		7,289		927,002
Webuild SpA(a)		28,249		59,867
Worley Ltd.		7,728		75,709
WSP Global, Inc.		1,591		235,200
Yokogawa Bridge Holdings Corp.		13,600		266,929
Yurtec Corp.		7,600		60,935

				10,893,285

Construction Materials - 0.7%
Adbri Ltd.*		27,246		55,114
Boral Ltd.*		3,476		12,178
Breedon Group plc		23,569		109,101
Brickworks Ltd.		1,435		27,813
Buzzi SpA		3,148		107,783
Cementir Holding NV		16,317		176,003
CSR Ltd.		24,233		111,173
Heidelberg Materials AG		2,775		258,872
Holcim AG		10,656		821,823
Imerys SA(a)		11,951		400,877
James Hardie Industries plc, CHDI*		5,587		214,986
Krosaki Harima Corp.(a)		1,800		152,694
RHI Magnesita NV(a)		8,806		377,239
Sumitomo Osaka Cement Co. Ltd.		11,100		283,015
Titan Cement International SA		13,209		339,337
Vicat SACA		5,772		226,027
Wienerberger AG(a)		2,596		88,771

				3,762,806

Consumer Finance - 0.4%
Acom Co. Ltd.		20,500		53,222
AEON Financial Service Co. Ltd.		4,100		37,809
Aiful Corp.(a)		107,300		272,333
Cembra Money Bank AG(a)		1,554		120,918
Credit Saison Co. Ltd.		2,100		39,651
goeasy Ltd.(a)		4,588		525,815
Hong Leong Finance Ltd.		51,800		98,069
Isracard Ltd.		15,211		54,818
Jaccs Co. Ltd.		11,100		431,319
KRUK SA		494		56,380


Investments	Shares		Value ($)
Latitude Group Holdings Ltd.(a)		43,434		33,449
Marui Group Co. Ltd.		3,200		53,689

				1,777,472

Consumer Staples Distribution & Retail - 1.5%
Aeon Co. Ltd.(a)		12,613		304,852
Ain Holdings, Inc.		800		26,445
Alimentation Couche-Tard, Inc.		10,693		630,511
Arcs Co. Ltd.(a)		3,800		76,403
Axfood AB		1,496		38,123
Belc Co. Ltd.		800		34,589
Carrefour SA		11,322		194,563
Coles Group Ltd.		21,053		221,421
Cosmos Pharmaceutical Corp.		200		21,693
Create SD Holdings Co. Ltd.		500		11,014
Dino Polska SA*(b)		962		104,793
Empire Co. Ltd., Class A		2,242		58,464
Endeavour Group Ltd.(a)		26,030		96,704
Etablissements Franz Colruyt NV		342		15,703
Fuji Co. Ltd.(a)		4,200		57,149
George Weston Ltd.		1,036		132,829
GrainCorp Ltd., Class A		9,652		51,554
H2O Retailing Corp.		3,800		41,230
Heiwado Co. Ltd.		3,800		57,374
HelloFresh SE*		2,894		38,886
Inageya Co. Ltd.(a)		1,298		11,260
J Sainsbury plc		34,797		119,732
Jeronimo Martins SGPS SA		4,655		106,591
Kato Sangyo Co. Ltd.		700		23,130
Kesko OYJ, Class A		2,248		44,296
Kesko OYJ, Class B		4,715		92,600
Kobe Bussan Co. Ltd.(a)		1,900		49,003
Koninklijke Ahold Delhaize NV		19,795		559,275
Kusuri no Aoki Holdings Co. Ltd.		1,800		39,368
Life Corp.		7,400		190,347
Loblaw Cos. Ltd.		2,220		223,238
M Yochananof & Sons Ltd.(a)		2,318		104,437
Marks & Spencer Group plc		44,036		138,680
MARR SpA		4,018		49,232
MatsukiyoCocokara & Co.		7,000		128,938
Maxvalu Tokai Co. Ltd.		500		11,117
Metcash Ltd.(a)		18,608		44,775
METRO AG*		10,754		73,068
Metro, Inc., Class A		3,256		172,030
Mitsubishi Shokuhin Co. Ltd.		7,400		255,146
Nishimoto Co. Ltd.		2,300		98,341
North West Co., Inc. (The)		2,419		70,413
Ocado Group plc*		12,619		87,837
Olam Group Ltd.		28,700		19,221
Redcare Pharmacy NV*(b)		729		102,865
Seven & i Holdings Co. Ltd.(a)		11,400		456,702
Sheng Siong Group Ltd.		17,900		20,896
Shufersal Ltd.*		94,054		507,527
Sonae SGPS SA		29,906		29,123
Sugi Holdings Co. Ltd.		800		38,682
Sundrug Co. Ltd.		1,600		48,796
Tesco plc		136,345		497,619
Tsuruha Holdings, Inc.(a)		900		72,037


Investments	Shares		Value ($)
United Super Markets Holdings, Inc.(a)		2,000		13,874
Valor Holdings Co. Ltd.		14,800		255,956
Welcia Holdings Co. Ltd.(a)		2,300		39,195
Woolworths Group Ltd.		16,391		390,178
Yokorei Co. Ltd.		3,800		29,272

				7,429,097

Containers & Packaging - 0.4%
Billerud Aktiebolag		5,485		49,210
CCL Industries, Inc., Class B(a)		2,491		107,280
DS Smith plc		25,682		92,424
FP Corp.		1,200		23,561
Fuji Seal International, Inc.		2,000		23,889
Huhtamaki OYJ		2,051		81,029
Mayr Melnhof Karton AG(a)		3,108		413,230
Metsa Board OYJ, Class B(a)		3,813		30,857
Orora Ltd.(a)		26,585		49,207
Rengo Co. Ltd.		5,200		34,126
SIG Group AG		4,477		94,775
Smurfit Kappa Group plc(a)		5,217		195,794
Toyo Seikan Group Holdings Ltd.		5,600		90,316
Verallia SA(b)		1,364		48,598
Vidrala SA(a)		7,844		791,559
Winpak Ltd.		1,716		54,175

				2,180,030

Distributors - 0.1%
Arata Corp.(a)		11,000		247,580
Bapcor Ltd.		10,184		37,969
D’ieteren Group		343		69,934
Inchcape plc		10,222		89,168
Inter Cars SA		205		28,152
PALTAC Corp.		800		24,705
Tadiran Group Ltd.(a)		418		27,910
Yamae Group Holdings Co. Ltd.(a)		7,400		167,313

				692,731

Diversified Consumer Services - 0.1%
Auction Technology Group plc*		7,030		48,790
Benesse Holdings, Inc.		3,800		67,850
IDP Education Ltd.(a)		5,016		65,488
Pearson plc		12,136		150,157

				332,285

Diversified REITs - 0.7%
Argosy Property Ltd., REIT		68,432		48,863
British Land Co. plc (The), REIT		20,794		101,154
Centuria Capital Group, REIT(a)		246,827		282,275
Charter Hall Group, REIT(a)		8,140		65,056
Charter Hall Long Wale REIT, REIT(a)		41,551		103,002
Covivio SA, REIT		1,596		78,292
Daiwa House REIT Investment Corp., REIT		42		74,906
GPT Group (The), REIT		31,122		95,871
Growthpoint Properties Australia Ltd., REIT(a)		109,668		174,715
H&R REIT, REIT(a)		43,586		321,337
Heiwa Real Estate REIT, Inc., REIT		76		71,334
Hulic Reit, Inc., REIT		24		25,498
ICADE, REIT		836		28,660


Investments	Shares		Value ($)
KDX Realty Investment Corp., REIT		103		112,883
Land Securities Group plc, REIT		11,211		95,597
LXI REIT plc, REIT(b)		573,870		774,643
Merlin Properties Socimi SA, REIT		4,522		46,689
Mirvac Group, REIT		66,711		95,696
Mori Trust Reit, Inc., REIT		38		19,471
NIPPON REIT Investment Corp., REIT		18		42,052
Nomura Real Estate Master Fund, Inc., REIT		38		41,958
NTT UD REIT Investment Corp., REIT		24		20,556
Reit 1 Ltd., REIT		68,006		305,090
Sekisui House Reit, Inc., REIT		55		29,537
Sella Capital Real Estate Ltd., REIT		58,571		132,814
Star Asia Investment Corp., REIT		152		60,103
Stockland, REIT		35,261		106,290
Stride Property Group, REIT		65,018		56,831
Suntec REIT, REIT		43,500		38,736
Takara Leben Real Estate Investment Corp., REIT		76		54,540
Tokyu REIT, Inc., REIT(a)		76		89,427
UK Commercial Property REIT Ltd., REIT		52,934		43,209
United Urban Investment Corp., REIT		40		40,883

				3,677,968

Diversified Telecommunication Services - 1.2%
BCE, Inc.(a)		5,624		228,361
Bezeq The Israeli Telecommunication Corp. Ltd.		38,130		50,710
BT Group plc(a)		133,237		190,370
Cellnex Telecom SA(b)		8,806		342,254
Chorus Ltd.(a)		8,733		42,790
Deutsche Telekom AG (Registered)		71,225		1,759,739
Elisa OYJ		2,146		98,489
Gamma Communications plc		4,867		74,003
Helios Towers plc*		60,268		60,708
HKT Trust & HKT Ltd.		53,400		64,143
Infrastrutture Wireless Italiane SpA(b)		5,179		63,261
Koninklijke KPN NV		48,322		165,238
Nippon Telegraph & Telephone Corp.		573,500		730,926
NOS SGPS SA		9,348		33,306
Orange Polska SA		26,182		56,305
Orange SA		36,186		432,299
PCCW Ltd.		77,035		39,812
Proximus SADP		3,640		34,787
Quebecor, Inc., Class B		4,144		101,394
RAI Way SpA(b)		8,120		44,631
Singapore Telecommunications Ltd.		122,100		219,284
Spark New Zealand Ltd.		17,404		56,940
Swisscom AG (Registered)		296		178,114
Telecom Italia SpA*(a)		292,790		88,702
Telecom Italia SpA*		69,160		21,906
Telefonica SA		97,273		398,349
Telekom Austria AG, Class A		4,091		35,817
Telenor ASA		7,093		79,161
Telia Co. AB(a)		35,720		92,927
Telstra Group Ltd.		57,683		154,051


Investments	Shares		Value ($)
TELUS Corp.		8,092		145,844
United Internet AG (Registered)		1,720		45,438

				6,130,059

Electric Utilities - 1.3%
Acciona SA		666		86,994
BKW AG		440		70,525
Chubu Electric Power Co., Inc.		14,800		194,144
Chugoku Electric Power Co., Inc. (The)		4,206		30,270
CK Infrastructure Holdings Ltd.(a)		11,000		65,362
CLP Holdings Ltd.		23,500		186,834
Contact Energy Ltd.		11,528		57,265
EDP - Energias de Portugal SA		31,746		142,833
Elia Group SA/NV		640		77,723
Emera, Inc.(a)		5,328		189,464
Endesa SA		4,392		87,592
Enea SA*		76,664		183,807
Enel SpA		158,323		1,090,515
EVN AG		748		20,841
Fortis, Inc.		8,029		324,153
Fortum OYJ		6,512		89,765
Genesis Energy Ltd.(a)		16,699		26,006
HK Electric Investments & HK Electric Investments Ltd.(b)		44,500		27,609
Hokkaido Electric Power Co., Inc.(a)		70,300		317,943
Hokuriku Electric Power Co.*(a)		59,200		293,418
Hydro One Ltd.(b)		4,181		124,862
Iberdrola SA*		1,436		17,431
Iberdrola SA		83,361		1,011,906
Kansai Electric Power Co., Inc. (The)		14,800		204,573
Kyushu Electric Power Co., Inc.*		3,800		28,817
Manawa Energy Ltd.		5,123		13,528
Mercury NZ Ltd.		11,013		45,759
Origin Energy Ltd.		23,791		133,994
Orsted A/S(b)		2,590		147,773
PGE Polska Grupa Energetyczna SA*		25,070		53,322
Power Assets Holdings Ltd.		22,000		128,894
Redeia Corp. SA		3,420		57,322
Romande Energie Holding SA (Registered)		1,887		120,983
Shikoku Electric Power Co., Inc.		7,600		54,384
SSE plc		15,947		342,185
Tauron Polska Energia SA*		48,260		44,465
Terna - Rete Elettrica Nazionale		19,328		164,349
Tohoku Electric Power Co., Inc.		10,900		73,651
Tokyo Electric Power Co. Holdings, Inc.*		21,900		118,104
Verbund AG		1,258		103,376

				6,552,741

Electrical Equipment - 1.3%
ABB Ltd. (Registered)		23,421		1,001,709
Accelleron Industries AG		4,070		131,705
Ballard Power Systems, Inc.*(a)		2,508		8,260
Daihen Corp.(a)		7,400		356,395
DiscoverIE Group plc(a)		4,796		47,883
Energiekontor AG		410		33,803
Fagerhult Group AB		6,336		40,779
Fuji Electric Co. Ltd.		1,500		76,542


Investments	Shares		Value ($)
Fujikura Ltd.		8,200		68,635
Furukawa Electric Co. Ltd.(a)		25,900		478,399
Huber + Suhner AG (Registered)		867		62,762
Legrand SA		3,848		377,193
Mabuchi Motor Co. Ltd.		3,200		56,141
Mitsubishi Electric Corp.		29,600		446,101
NEL ASA*		97,622		49,816
Nexans SA		760		69,965
Nidec Corp.		7,510		284,730
NKT A/S*(a)		3,053		214,455
Nordex SE*		7,130		73,779
Prysmian SpA		3,552		158,154
Sanyo Denki Co. Ltd.(a)		3,700		156,429
Schneider Electric SE		7,807		1,551,057
SGL Carbon SE*		5,054		32,308
Siemens Energy AG*		10,767		163,330
Signify NV(b)		2,730		82,885
TKH Group NV, CVA(a)		2,141		87,026
Ushio, Inc.		3,800		53,968
Varta AG*		1,008		19,287
Vestas Wind Systems A/S*		14,097		404,022

				6,587,518

Electronic Equipment, Instruments & Components - 1.9%
ALSO Holding AG (Registered)		266		78,605
Amano Corp.		800		18,668
Anritsu Corp.		8,200		65,746
AT&S Austria Technologie & Systemtechnik AG(a)		7,881		192,274
Audinate Group Ltd.*		3,496		38,155
Azbil Corp.		2,100		69,131
Barco NV		2,090		34,939
Canon Electronics, Inc.		3,800		54,670
Canon Marketing Japan, Inc.		1,500		46,311
Celestica, Inc.*		38,628		1,336,028
Citizen Watch Co. Ltd.		8,200		52,843
Codan Ltd.		7,304		39,109
Comet Holding AG (Registered)		333		111,330
Dexerials Corp.(a)		3,700		108,791
Dicker Data Ltd.		3,344		24,891
Elematec Corp.		3,800		46,715
FIT Hon Teng Ltd.*(a)(b)		380,000		45,208
Hakuto Co. Ltd.(a)		3,700		155,670
Halma plc		5,883		164,293
Hamamatsu Photonics KK		2,700		108,499
Hexagon AB, Class B		31,265		344,956
Hirose Electric Co. Ltd.		582		68,721
Horiba Ltd.		800		65,510
Hosiden Corp.		18,500		230,593
Ibiden Co. Ltd.		2,800		144,506
Inficon Holding AG (Registered)		80		122,539
Iriso Electronics Co. Ltd.		1,200		28,568
Japan Display, Inc.*(a)		80,000		10,946
Jenoptik AG		2,585		81,880
Kaga Electronics Co. Ltd.(a)		7,500		353,515
Keyence Corp.		2,900		1,320,896
Kitron ASA		9,471		29,165
Kyocera Corp.		21,100		315,038
Lagercrantz Group AB, Class B		2,640		34,902


Investments	Shares		Value ($)
Landis+Gyr Group AG		1,073		88,869
LEM Holding SA (Registered)		27		62,067
Macnica Holdings, Inc.		1,600		86,592
Maxell Ltd.		3,800		42,374
Meiko Electronics Co. Ltd.		7,400		205,788
Murata Manufacturing Co. Ltd.		25,800		532,150
Mycronic AB		924		26,006
NCAB Group AB(a)		4,028		26,431
Nichicon Corp.		18,500		164,276
Nohmi Bosai Ltd.		2,500		38,259
Oki Electric Industry Co. Ltd.(a)		22,200		158,403
Omron Corp.		2,800		128,531
Oxford Instruments plc(a)		3,036		85,829
PAX Global Technology Ltd.		222,000		155,341
Renishaw plc		880		39,267
Restar Holdings Corp.		7,400		155,923
Riken Keiki Co. Ltd.		1,200		60,503
Sensirion Holding AG*(b)		266		22,326
Sesa SpA		294		40,271
Shimadzu Corp.		4,500		126,496
Siix Corp.(a)		11,100		119,676
Softwareone Holding AG		5,615		106,429
Spectris plc		2,057		96,947
Taiyo Yuden Co. Ltd.(a)		2,500		61,673
TDK Corp.		6,300		320,743
Tokyo Electron Device Ltd.(a)		5,400		218,697
Topcon Corp.		4,100		47,963
Vaisala OYJ, Class A		836		33,237
Venture Corp. Ltd.		7,600		76,264
VSTECS Holdings Ltd.		226,000		121,713
VusionGroup*(a)		246		36,876
Yokogawa Electric Corp.		4,900		98,017

				9,527,548

Energy Equipment & Services - 0.5%
Aker Solutions ASA		7,560		28,327
Borr Drilling Ltd.(a)		4,018		25,149
DOF Group ASA*		53,243		290,946
John Wood Group plc*		33,661		67,513
Lapidoth Capital Ltd.(a)		7,141		107,455
Odfjell Drilling Ltd.		13,034		48,925
PGS ASA*		324,083		205,794
SBM Offshore NV		46,953		604,382
Secure Energy Services, Inc.		78,070		602,449
Subsea 7 SA		3,608		49,186
Technip Energies NV		3,977		83,355
Tenaris SA		8,843		141,348
TGS ASA		1,927		19,037
Vallourec SACA*		5,740		83,146

				2,357,012

Entertainment - 0.6%
Believe SA*(a)		2,128		25,196
Bollore SE		12,858		85,548
Capcom Co. Ltd.		3,400		131,301
CD Projekt SA		1,193		31,373
CTS Eventim AG & Co. KGaA		704		48,063
Daiichikosho Co. Ltd.		2,200		30,567
DeNA Co. Ltd.		1,100		11,239
Embracer Group AB, Class B*		13,161		25,539


Investments	Shares		Value ($)
EVT Ltd.		6,232		51,949
Gree, Inc.		7,600		30,572
GungHo Online Entertainment, Inc.*		14,800		252,058
Kinepolis Group NV		1,030		46,040
Koei Tecmo Holdings Co. Ltd.		2,492		31,437
Konami Group Corp.		1,000		62,432
MIXI, Inc.		3,800		65,952
Modern Times Group MTG AB, Class B*		3,952		30,599
Nexon Co. Ltd.(a)		7,400		119,726
Nintendo Co. Ltd.		16,400		932,335
Paradox Interactive AB		952		18,815
Square Enix Holdings Co. Ltd.		1,800		71,212
Stillfront Group AB*		144,707		151,887
Toei Animation Co. Ltd.(a)		200		27,118
Toho Co. Ltd.		1,200		39,544
Ubisoft Entertainment SA*		1,425		31,748
Universal Music Group NV		14,097		419,113

				2,771,363

Financial Services - 1.6%
Adyen NV*(b)		444		564,864
AMP Ltd.		65,142		40,263
Banca Mediolanum SpA		4,444		45,830
BFF Bank SpA(b)		58,941		641,527
Deutsche Pfandbriefbank AG(b)		48,100		292,854
Edenred SE(a)		3,663		220,512
eGuarantee, Inc.		3,800		50,381
Eurazeo SE		1,144		98,233
EXOR NV		2,368		231,141
Financial Partners Group Co. Ltd.		3,800		44,272
First National Financial Corp.		123		3,734
Fuyo General Lease Co. Ltd.		1,000		90,850
GRENKE AG		494		12,020
Groupe Bruxelles Lambert NV		1,813		138,644
HAL Trust		570		71,451
Helia Group Ltd.		98,679		321,593
Hypoport SE*		252		54,282
Industrivarden AB, Class A		3,256		103,488
Industrivarden AB, Class C(a)		2,173		68,961
Investor AB, Class A(a)		9,287		218,864
Investor AB, Class B		25,123		597,903
Japan Securities Finance Co. Ltd.		4,700		50,577
Kinnevik AB, Class B*		7,562		82,592
L E Lundbergforetagen AB, Class B(a)		1,348		71,051
Liberty Financial Group Ltd.(a)(b)		26,714		73,639
M&G plc		30,210		86,213
Mitsubishi HC Capital, Inc.		14,800		106,412
Network International Holdings plc*(b)		14,574		71,899
Nexi SpA*(a)(b)		6,992		54,259
Nuvei Corp.(a)(b)		21,645		529,278
ORIX Corp.		23,700		465,083
OSB Group plc		132,608		760,251
Paragon Banking Group plc		70,485		631,904
PEUGEOT INVEST		308		33,456
Plus500 Ltd.		27,491		626,651
Ricoh Leasing Co. Ltd.		5,000		173,764
Sofina SA		316		76,409


Investments	Shares		Value ($)
Tokyo Century Corp.		2,400		27,115
WAG Payment Solutions plc*		28,842		32,909
Washington H Soul Pattinson & Co. Ltd.(a)		2,856		64,946
Wendel SE		798		73,117
Wise plc, Class A*		9,083		93,668
Worldline SA*(a)(b)		5,698		78,080
Zenkoku Hosho Co. Ltd.(a)		600		22,580

				8,197,520

Food Products - 2.3%
a2 Milk Co. Ltd. (The)*(a)		12,579		39,876
AAK AB		2,860		65,048
Agrana Beteiligungs AG		1,482		22,618
Ajinomoto Co., Inc.		7,400		308,150
Ariake Japan Co. Ltd.		800		25,996
Aryzta AG*		60,879		110,354
Associated British Foods plc		4,551		135,672
Austevoll Seafood ASA		3,432		25,075
Bakkafrost P/F		820		46,267
Barry Callebaut AG (Registered)		74		109,208
Bell Food Group AG (Registered)		123		36,347
Bumitama Agri Ltd.		60,800		27,981
Calbee, Inc.		600		12,737
Chocoladefabriken Lindt & Spruengli AG		24		307,746
Chocoladefabriken Lindt & Spruengli AG (Registered)		2		255,056
Costa Group Holdings Ltd.		16,302		34,269
Cranswick plc		2,714		139,075
Danone SA		9,287		622,833
DyDo Group Holdings, Inc.(a)		1,000		20,304
Ebro Foods SA		3,420		57,211
Elders Ltd.(a)		55,065		326,878
Emmi AG (Registered)		41		43,349
First Pacific Co. Ltd.		740,000		281,147
First Resources Ltd.		5,100		5,648
Fuji Oil Holdings, Inc.		1,200		19,477
Glanbia plc		3,500		62,883
Golden Agri-Resources Ltd.		213,400		43,116
Grieg Seafood ASA		18,796		118,637
Hilton Food Group plc		7,220		72,267
House Foods Group, Inc.		2,400		53,410
Inghams Group Ltd.(a)		17,712		50,347
Itoham Yonekyu Holdings, Inc.		1,240		35,119
JDE Peet’s NV(a)		1,804		44,796
Kagome Co. Ltd.		900		22,424
Kameda Seika Co. Ltd.		900		25,798
Kerry Group plc, Class A		1,924		172,797
Kikkoman Corp.		3,400		212,618
Kotobuki Spirits Co. Ltd.		2,500		34,129
KWS Saat SE & Co. KGaA		1,064		60,216
Leroy Seafood Group ASA		5,456		22,102
Lotus Bakeries NV		6		51,423
Maple Leaf Foods, Inc.		3,772		72,388
Maruha Nichiro Corp.(a)		14,800		296,304
MEIJI Holdings Co. Ltd.		3,400		83,061
Mitsui DM Sugar Holdings Co. Ltd.		3,800		88,257
Morinaga & Co. Ltd.		2,200		42,495


Investments	Shares		Value ($)
Morinaga Milk Industry Co. Ltd.		2,400		49,683
Mowi ASA		5,412		98,234
Nestle SA (Registered)		39,331		4,518,813
Nichirei Corp.		1,600		39,076
Nippn Corp.		4,000		62,008
Nisshin Seifun Group, Inc.		2,690		37,919
Nissin Foods Holdings Co. Ltd.		4,500		147,122
Nissui Corp.(a)		11,400		62,945
Orkla ASA		8,856		69,872
Premier Foods plc		46,494		84,193
Premium Brands Holdings Corp., Class A		660		45,442
Prima Meat Packers Ltd.		3,800		62,885
Riken Vitamin Co. Ltd.		1,800		28,568
S Foods, Inc.		7,200		164,023
Sakata Seed Corp.		1,400		35,293
Salmar ASA		788		44,070
Saputo, Inc.		1,893		39,275
Savencia SA		608		35,400
Schouw & Co. A/S		4,107		330,389
Societe LDC SADIR		1,258		181,062
Strauss Group Ltd.*		952		18,580
Suedzucker AG		1,979		28,075
Tate & Lyle plc		9,158		72,656
Toyo Suisan Kaisha Ltd.		1,800		94,892
Viscofan SA		943		55,519
WH Group Ltd.(b)		133,000		78,263
Wilmar International Ltd.		51,800		127,916
Yakult Honsha Co. Ltd.		4,800		106,065
Yamazaki Baking Co. Ltd.		2,900		69,338

				11,530,485

Gas Utilities - 0.5%
AltaGas Ltd.		5,476		114,557
APA Group		23,384		131,238
Brookfield Infrastructure Corp., Class A		3,034		107,026
Enagas SA(a)		1,938		31,767
Hong Kong & China Gas Co. Ltd.		148,000		105,075
Italgas SpA		13,832		79,482
Keppel Infrastructure Trust		41,800		15,796
Naturgy Energy Group SA(a)		3,034		82,392
Nippon Gas Co. Ltd.		1,900		29,824
Osaka Gas Co. Ltd.		8,700		185,219
Rubis SCA		34,077		868,399
Saibu Gas Holdings Co. Ltd.		11,100		147,241
Shizuoka Gas Co. Ltd.(a)		7,600		52,565
Snam SpA		32,042		157,635
Superior Plus Corp.		10,208		70,445
Tokyo Gas Co. Ltd.		7,400		172,173

				2,350,834

Ground Transportation - 1.3%
ALD SA(b)		6,498		43,727
Aurizon Holdings Ltd.		29,146		73,022
Canadian National Railway Co.		8,732		1,090,021
Canadian Pacific Kansas City Ltd.		13,875		1,123,563
Central Japan Railway Co.		18,500		467,388
ComfortDelGro Corp. Ltd.		73,800		77,315
East Japan Railway Co.		5,100		294,504


Investments	Shares		Value ($)
Firstgroup plc		31,646		67,985
Fukuyama Transporting Co. Ltd.(a)		11,100		311,339
Hankyu Hanshin Holdings, Inc.		3,900		120,835
Jungfraubahn Holding AG (Registered)		287		56,808
Keio Corp.		1,800		53,270
Keisei Electric Railway Co. Ltd.		2,900		132,883
Kelsian Group Ltd.(a)		6,802		32,285
Kintetsu Group Holdings Co. Ltd.		2,200		68,630
Kyushu Railway Co.		2,100		46,648
Maruzen Showa Unyu Co. Ltd.(a)		7,400		207,053
MTR Corp. Ltd.(a)		25,264		82,088
Mullen Group Ltd.(a)		27,713		310,515
Nagoya Railroad Co. Ltd.		4,400		68,585
Nankai Electric Railway Co. Ltd.		3,000		59,148
Nikkon Holdings Co. Ltd.		3,800		82,642
Nishi-Nippon Railroad Co. Ltd.		1,100		18,501
Odakyu Electric Railway Co. Ltd.		4,600		71,136
Redde Northgate plc		77,293		349,422
Sakai Moving Service Co. Ltd.		7,400		142,305
Seibu Holdings, Inc.		3,800		54,358
Seino Holdings Co. Ltd.		3,100		45,787
Sixt SE		308		30,345
Sixt SE (Preference)		298		20,588
Stef SA		1,258		165,347
TFI International, Inc.		1,147		151,689
Tobu Railway Co. Ltd.		3,700		99,198
Tokyu Corp.		8,300		98,374
Tourism Holdings Ltd.		56,573		129,543
West Japan Railway Co.		3,700		155,670

				6,402,517

Health Care Equipment & Supplies - 1.2%
Alcon, Inc.		6,327		482,647
Ambu A/S, Class B*		10,064		168,520
Ansell Ltd.		38		607
Arjo AB, Class B		11,562		54,742
Asahi Intecc Co. Ltd.		3,200		61,986
BioMerieux		825		89,616
Carl Zeiss Meditec AG		715		76,548
Cochlear Ltd.		894		179,941
Coloplast A/S, Class B		2,146		249,446
ConvaTec Group plc(b)		26,387		80,982
Demant A/S*		1,980		90,548
DiaSorin SpA		293		27,225
Draegerwerk AG & Co. KGaA (Preference)		646		33,542
Eckert & Ziegler Strahlen- und Medizintechnik AG		820		41,347
Elekta AB, Class B(a)		2,128		16,209
EssilorLuxottica SA		2,629		520,832
EssilorLuxottica SA		1,959		387,928
Fisher & Paykel Healthcare Corp. Ltd.(a)		9,209		134,176
Fukuda Denshi Co. Ltd.(a)		3,700		199,460
Getinge AB, Class B		2,980		64,518
Hogy Medical Co. Ltd.		1,200		29,266
Hoya Corp.		5,400		699,867
Japan Lifeline Co. Ltd.		3,000		27,173


Investments	Shares		Value ($)
Koninklijke Philips NV*(a)		9,509		204,269
Medacta Group SA(b)		336		50,840
Medartis Holding AG*(b)		304		26,791
Medmix AG(b)		456		9,196
Menicon Co. Ltd.		5,700		84,091
Nagaileben Co. Ltd.		1,500		24,115
Nanosonics Ltd.*		16,777		33,049
Nihon Kohden Corp.		2,300		70,947
Nipro Corp.		4,100		33,448
Olympus Corp.		14,800		222,747
Paramount Bed Holdings Co. Ltd.		1,600		29,302
PHC Holdings Corp.		7,600		79,652
Revenio Group OYJ		1,710		47,403
Siemens Healthineers AG(b)		3,848		216,769
Smith & Nephew plc		14,837		209,820
Sonova Holding AG (Registered)		709		229,515
Straumann Holding AG (Registered)		1,650		254,660
Surgical Science Sweden AB*		1,584		27,457
Sysmex Corp.(a)		2,700		147,916
Terumo Corp.		11,100		382,036
Vimian Group AB*(a)		12,578		34,767
Xvivo Perfusion AB*		1,892		53,195
Ypsomed Holding AG (Registered)		123		43,803

				6,232,914

Health Care Providers & Services - 0.3%
Alfresa Holdings Corp.		1,500		24,895
Amplifon SpA(a)		2,112		69,674
Arvida Group Ltd.		190,899		130,434
As One Corp.(a)		800		30,686
Chartwell Retirement Residences		190		1,705
CVS Group plc		4,250		91,357
EBOS Group Ltd.(a)		2,066		47,753
Fagron		3,775		68,357
Fresenius Medical Care AG		4,218		164,945
Fresenius SE & Co. KGaA		8,732		247,752
Galenica AG(b)		792		70,397
H.U. Group Holdings, Inc.		4,100		77,148
Healius Ltd.*		34,839		31,897
Medicover AB, Class B		3,403		56,517
NMC Health plc*‡		2,074		—
Raffles Medical Group Ltd.		60,824		45,970
Ramsay Health Care Ltd.		1,254		42,467
Ryman Healthcare Ltd.*(a)		11,375		39,911
Ship Healthcare Holdings, Inc.		1,900		29,220
Sonic Healthcare Ltd.		6,734		142,537
Spire Healthcare Group plc(b)		14,036		42,362
Summerset Group Holdings Ltd.		6,764		45,758
Suzuken Co. Ltd.		1,880		59,008
Terveystalo OYJ(b)		4,480		38,006
Tokai Corp.		4,100		59,351

				1,658,107

Health Care REITs - 0.2%
Aedifica SA, REIT		832		54,768
Assura plc, REIT		74,959		42,516
Cofinimmo SA, REIT		12,802		938,666
Parkway Life REIT, REIT		19,000		50,047
Primary Health Properties plc, REIT		50,008		61,868


Investments	Shares		Value ($)
Vital Healthcare Property Trust, REIT		30,574		41,780

				1,189,645

Health Care Technology - 0.1%
CompuGroup Medical SE & Co. KGaA		1,599		69,233
M3, Inc.		6,500		104,698
Medley, Inc.*		1,000		31,880
Nexus AG		608		38,239
Pro Medicus Ltd.(a)		1,100		73,850
Sectra AB, Class B*		2,948		55,677

				373,577

Hotel & Resort REITs - 0.0%(d)
CapitaLand Ascott Trust, REIT		32,566		23,395
CDL Hospitality Trusts, REIT		38,294		29,515
Far East Hospitality Trust, REIT		53,976		26,254
Frasers Hospitality Trust, REIT		39,200		13,640
Hoshino Resorts REIT, Inc., REIT		12		42,278
Invincible Investment Corp., REIT		38		15,780
Japan Hotel REIT Investment Corp., REIT(a)		77		39,981

				190,843

Hotels, Restaurants & Leisure - 1.8%
Accor SA		3,108		123,902
Amadeus IT Group SA		6,105		431,449
AmRest Holdings SE*		6,191		41,033
Aristocrat Leisure Ltd.		9,583		281,900
Atom Corp.*(a)		5,800		37,179
Basic-Fit NV*(b)		2,632		77,022
Betsson AB, Class B*		7,708		84,597
Cafe de Coral Holdings Ltd.		4,000		4,017
Carnival plc*		7,881		120,684
Collins Foods Ltd.(a)		5,396		43,161
Colowide Co. Ltd.		3,500		56,615
Compass Group plc		24,494		679,359
Corporate Travel Management Ltd.(a)		7,144		96,718
Create Restaurants Holdings, Inc.		4,400		33,412
Dalata Hotel Group plc		8,159		42,585
Deliveroo plc, Class A*(b)		58,525		87,571
Delivery Hero SE*(b)		3,145		72,766
Domino’s Pizza Enterprises Ltd.(a)		1,408		36,905
Domino’s Pizza Group plc		21,053		94,210
Entain plc(a)		8,621		106,293
Evolution AB(b)		2,368		280,291
Flight Centre Travel Group Ltd.(a)		4,576		64,401
Fuji Kyuko Co. Ltd.		1,000		29,964
Galaxy Entertainment Group Ltd.(a)		36,000		186,971
Genting Singapore Ltd.		104,400		78,904
Greggs plc		1,558		53,013
Heiwa Corp.		2,450		36,790
HIS Co. Ltd.*		3,800		46,715
Ichibanya Co. Ltd.(a)		1,000		44,536
InterContinental Hotels Group plc		2,627		250,901
J D Wetherspoon plc*		4,294		45,933
Just Eat Takeaway.com NV*(a)(b)		3,403		52,183
Kappa Create Co. Ltd.*		4,100		49,506
Kindred Group plc, SDR		5,043		59,960
KOMEDA Holdings Co. Ltd.(a)		1,200		23,241
Kyoritsu Maintenance Co. Ltd.(a)		1,100		45,768


Investments	Shares		Value ($)
La Francaise des Jeux SAEM(b)		532		21,752
Lottery Corp. Ltd. (The)		30,457		101,876
Lottomatica Group Spa*		3,990		46,566
Mandarin Oriental International Ltd.		8,000		12,000
McDonald’s Holdings Co. Japan Ltd.		1,100		49,365
Melia Hotels International SA*		9,988		68,189
Miramar Hotel & Investment		38,000		49,388
Mitchells & Butlers plc*		88,874		294,485
Monogatari Corp. (The)(a)		1,500		53,669
MOS Food Services, Inc.		2,100		49,277
MTY Food Group, Inc.		418		18,018
Ohsho Food Service Corp.		704		39,300
Oriental Land Co. Ltd.		16,400		617,293
Playtech plc*		94,498		534,784
Resorttrust, Inc.		4,100		72,197
Restaurant Brands International, Inc.		4,033		316,802
Round One Corp.		11,400		51,395
Royal Holdings Co. Ltd.(a)		1,600		28,459
Sands China Ltd.*		30,400		79,721
Scandic Hotels Group AB*(b)		40,663		189,337
SJM Holdings Ltd.*		114,000		32,083
SkiStar AB		2,828		35,883
SKYCITY Entertainment Group Ltd.(a)		282,865		329,082
Skylark Holdings Co. Ltd.(a)		3,700		60,990
Societe des Bains de Mer et du Cercle des Etrangers a Monaco		1,369		154,656
Sodexo SA		1,258		142,936
SSP Group plc*		39,109		112,556
Star Entertainment Grp Ltd. (The)*		146,381		54,188
Tabcorp Holdings Ltd.		42,560		22,507
Toridoll Holdings Corp.		1,100		34,089
Trainline plc*(b)		29,967		126,085
TUI AG*		154,956		1,083,314
Webjet Ltd.*(a)		20,377		100,892
Whitbread plc		2,322		106,332
Wynn Macau Ltd.*(a)		12,800		9,644
Zensho Holdings Co. Ltd.		1,800		89,240

				9,088,805

Household Durables - 1.3%
Azorim-Investment Development & Construction Co. Ltd.*		5,535		23,340
Barratt Developments plc		20,461		140,807
Bellway plc		2,640		92,789
Berkeley Group Holdings plc		1,312		80,214
Breville Group Ltd.(a)		2,420		43,737
Cairn Homes plc		187,886		289,987
Casio Computer Co. Ltd.		3,600		31,475
Chervon Holdings Ltd.(a)		48,100		98,572
Danya Cebus Ltd.		2,870		70,571
De’ Longhi SpA		1,012		33,088
Dom Development SA		152		6,220
Electrolux AB, Class B*		3,198		30,332
Fiskars OYJ Abp(a)		2,204		41,322
Fujitsu General Ltd.		2,100		31,096
GN Store Nord A/S*		7,733		184,371
Haseko Corp.		3,500		46,140
JM AB(a)		21,645		357,386


Investments	Shares		Value ($)
JVCKenwood Corp.(a)		51,800		256,209
Ki-Star Real Estate Co. Ltd.(a)		3,300		79,015
Man Wah Holdings Ltd.(a)		52,000		32,328
Nagawa Co. Ltd.		500		24,457
Nikon Corp.		5,800		60,212
Open House Group Co. Ltd.(a)		1,800		57,211
Panasonic Holdings Corp.		48,100		463,478
Persimmon plc		5,054		94,159
Pressance Corp.(a)		7,800		89,486
Redrow plc		95,127		729,865
Rinnai Corp.		1,800		41,350
Sangetsu Corp.		2,256		50,313
SEB SA		616		75,946
Sekisui Chemical Co. Ltd.		7,400		107,172
Sekisui House Ltd.(a)		14,800		338,879
Sony Group Corp.		18,500		1,859,808
Sumitomo Forestry Co. Ltd.		3,300		98,972
Tamron Co. Ltd.		6,800		261,905
Taylor Wimpey plc		68,006		128,345
Token Corp.		2,600		168,798
Vistry Group plc		7,920		101,362

				6,720,717

Household Products - 0.3%
Earth Corp.		600		18,574
Essity AB, Class B		9,065		214,685
Henkel AG & Co. KGaA		2,072		142,605
Henkel AG & Co. KGaA (Preference)		1,850		142,880
Lion Corp.		8,200		73,824
Pigeon Corp.(a)		2,400		26,541
Reckitt Benckiser Group plc		10,730		779,948
Unicharm Corp.		7,400		257,576

				1,656,633

Independent Power and Renewable Electricity Producers - 0.5%
Boralex, Inc., Class A		5,883		142,798
Brookfield Renewable Corp., Class A		3,293		92,575
Capital Power Corp.(a)		3,515		97,238
Drax Group plc		132,682		860,364
EDP Renovaveis SA		1,102		18,016
Electric Power Development Co. Ltd.(a)		3,100		52,690
Encavis AG*		7,326		103,134
Enlight Renewable Energy Ltd.*(a)		1,428		25,943
ERG SpA		704		20,800
Greenvolt-Energias Renovaveis SA*		6,900		60,561
Innergex Renewable Energy, Inc.		722		4,961
Meridian Energy Ltd.		20,828		71,155
Neoen SA(b)		380		11,128
Northland Power, Inc.(a)		5,661		104,826
OY Nofar Energy Ltd.*(a)		6,401		163,166
Polenergia SA*		1,596		29,851
RENOVA, Inc.*(a)		1,000		8,729
RWE AG		14,097		525,691
Scatec ASA(b)		8,405		63,179
Solaria Energia y Medio Ambiente SA*		4,811		71,569
TransAlta Corp.(a)		15,799		115,177
Voltalia SA (Registered)*(a)		2,112		18,261

				2,661,812


Investments	Shares		Value ($)
Industrial Conglomerates - 1.1%
Aker ASA, Class A		264		15,868
Arad Investment & Industrial Development Ltd.*		1,295		27,649
Bonheur ASA		6,993		144,787
Brookfield Business Corp., Class A		7,622		177,992
CK Hutchison Holdings Ltd.		55,856		288,667
DCC plc		1,924		141,029
Hikari Tsushin, Inc.		400		70,765
Hitachi Ltd.		13,900		1,110,193
Infratil Ltd.		8,272		53,795
Investment AB Latour, Class B(a)		2,024		51,539
Italmobiliare SpA(a)		1,024		30,700
Jardine Cycle & Carriage Ltd.		3,800		73,961
Jardine Matheson Holdings Ltd.		3,700		149,110
Keppel Ltd.		20,000		107,158
Lifco AB, Class B		4,456		108,766
Nisshinbo Holdings, Inc.		11,400		95,497
Nolato AB, Class B		11,029		53,905
Noritsu Koki Co. Ltd.		7,400		169,591
NWS Holdings Ltd.		38,000		33,007
Siemens AG (Registered)		10,656		1,929,334
Smiths Group plc		4,847		100,147
Storskogen Group AB, Class B(a)		504,347		354,476
TOKAI Holdings Corp.(a)		4,100		27,908

				5,315,844

Industrial REITs - 0.4%
AIMS APAC REIT, REIT		55,165		54,077
ARGAN SA, REIT		533		47,591
CapitaLand Ascendas REIT, REIT		54,435		118,944
Centuria Industrial REIT, REIT		33,364		71,900
Dream Industrial REIT, REIT(a)		7,125		71,567
ESR-LOGOS REIT, REIT		372,400		86,388
Frasers Logistics & Commercial Trust, REIT(b)		49,400		41,402
GLP J-REIT, REIT		38		34,237
Goodman Group, REIT(a)		24,568		415,761
Goodman Property Trust, REIT(a)		19,085		26,315
Granite REIT, REIT		484		26,239
Japan Logistics Fund, Inc., REIT		19		35,459
LaSalle Logiport REIT, REIT		44		44,971
LondonMetric Property plc, REIT		42,841		105,675
Mapletree Industrial Trust, REIT		35,086		64,325
Mapletree Logistics Trust, REIT		62,253		72,206
Montea NV, REIT		672		58,251
Nippon Prologis REIT, Inc., REIT		41		73,656
Property for Industry Ltd., REIT(a)		26,697		37,468
Segro plc, REIT		19,462		218,544
Tritax Big Box REIT plc, REIT		33,836		71,613
Warehouses De Pauw CVA, REIT		3,077		91,180

				1,867,769

Insurance - 4.2%
Admiral Group plc		3,959		126,796
Aegon Ltd.		32,116		190,617
Ageas SA/NV		3,330		144,001
AIA Group Ltd.		170,200		1,327,026
Allianz SE (Registered)		7,955		2,141,269
Alm Brand A/S		56,190		102,606


Investments	Shares		Value ($)
ASR Nederland NV		3,046		144,624
Assicurazioni Generali SpA		18,870		424,094
AUB Group Ltd.		2,926		59,323
Aviva plc		54,723		301,257
AXA SA		35,927		1,216,041
Baloise Holding AG (Registered)		888		143,161
Beazley plc		13,893		96,333
Clal Insurance Enterprises Holdings Ltd.*(a)		2,546		39,795
Coface SA		34,521		469,855
Conduit Holdings Ltd.		52,910		320,720
Dai-ichi Life Holdings, Inc.		18,500		412,714
Definity Financial Corp.		1,025		30,012
Direct Line Insurance Group plc*		28,600		61,697
Fairfax Financial Holdings Ltd.		481		504,552
Gjensidige Forsikring ASA		4,360		70,758
Great-West Lifeco, Inc.		5,336		179,245
Grupo Catalana Occidente SA		704		25,350
Hannover Rueck SE		925		223,262
Harel Insurance Investments & Financial Services Ltd.*		3,957		33,024
Helvetia Holding AG (Registered)		796		116,080
Hiscox Ltd.		7,807		103,296
iA Financial Corp., Inc.		2,146		146,809
Insurance Australia Group Ltd.		38,221		152,607
Intact Financial Corp.		2,516		395,935
Japan Post Holdings Co. Ltd.		40,700		394,262
Japan Post Insurance Co. Ltd.		4,400		83,500
Just Group plc		356,791		387,565
Lancashire Holdings Ltd.		79,328		613,193
Legal & General Group plc		115,514		375,108
Lifenet Insurance Co.*(a)		3,800		32,755
Mandatum OYJ*		10,146		46,333
Manulife Financial Corp.		37,333		830,461
Mapfre SA		22,440		49,726
Medibank Pvt Ltd.		44,131		112,024
Menora Mivtachim Holdings Ltd.		492		12,431
Migdal Insurance & Financial Holdings Ltd.		104,266		116,052
MS&AD Insurance Group Holdings, Inc.		11,900		500,504
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)		2,109		903,073
nib holdings Ltd.		11,260		60,589
NN Group NV		5,519		228,050
Phoenix Group Holdings plc		10,868		69,947
Phoenix Holdings Ltd. (The)		5,085		52,041
Poste Italiane SpA(b)		10,313		112,753
Power Corp. of Canada		10,887		319,345
Powszechny Zaklad Ubezpieczen SA		11,227		136,307
Protector Forsikring ASA		2,660		47,977
Prudential plc		40,552		422,630
QBE Insurance Group Ltd.		30,747		322,156
Sampo OYJ, Class A		6,734		283,705
SCOR SE		2,204		66,221
Sompo Holdings, Inc.		7,400		389,351
Steadfast Group Ltd.		17,908		70,437
Storebrand ASA		11,937		108,244


Investments	Shares		Value ($)
Sun Life Financial, Inc.		11,877		619,519
Suncorp Group Ltd.		17,427		163,470
Swiss Life Holding AG (Registered)		481		348,422
Swiss Re AG		5,920		683,886
T&D Holdings, Inc.(a)		7,400		124,789
Talanx AG		968		68,399
Tokio Marine Holdings, Inc.		29,600		795,813
Topdanmark A/S(a)		880		39,295
Trisura Group Ltd.*		874		24,538
Tryg A/S		4,752		102,183
Unipol Gruppo SpA		6,080		38,041
UnipolSai Assicurazioni SpA		11,528		30,705
Wuestenrot & Wuerttembergische AG		8,288		120,998
Zurich Insurance Group AG		2,146		1,098,454

				21,108,111

Interactive Media & Services - 0.2%
Adevinta ASA*		3,952		42,708
Auto Trader Group plc(b)		13,394		124,308
Baltic Classifieds Group plc		16,280		50,378
Better Collective A/S*		2,464		69,396
CAR Group Ltd.		6,178		134,812
Domain Holdings Australia Ltd.		12,956		28,863
Hemnet Group AB		2,993		81,398
Infocom Corp.		1,600		26,959
Kakaku.com, Inc.		1,600		18,482
LY Corp.		36,800		116,310
Moneysupermarket.com Group plc		28,412		92,624
REA Group Ltd.(a)		978		118,918
Rightmove plc		12,896		91,998
Scout24 SE(b)		1,232		91,564
SEEK Ltd.(a)		5,397		90,798

				1,179,516

IT Services - 1.2%
Addnode Group AB, Class B		5,472		49,756
Alten SA		616		96,221
Atea ASA		2,420		32,447
Atos SE*(a)		36,630		158,561
Bechtle AG		1,364		71,623
BIPROGY, Inc.		1,100		32,599
Bouvet ASA		5,054		29,822
CANCOM SE		1,981		63,566
Capgemini SE		2,331		524,641
CGI, Inc.*		2,923		329,394
Computacenter plc		1,092		40,383
Data#3 Ltd.		12,760		82,494
Digital Garage, Inc.		1,300		31,839
DTS Corp.		2,100		52,437
Exclusive Networks SA*		1,634		33,546
Formula Systems 1985 Ltd.		3,737		251,476
Fujitsu Ltd.		2,600		370,679
GMO internet group, Inc.		1,200		21,981
Indra Sistemas SA		9,250		165,488
Kainos Group plc		4,469		65,276
Keywords Studios plc		1,482		31,328
Kontron AG		3,168		74,193
Matrix IT Ltd.		10,841		205,329
Megaport Ltd.*(a)		6,954		58,427
NEC Corp.		3,700		245,528


Investments	Shares		Value ($)
NEC Networks & System Integration Corp.		2,400		39,290
NET One Systems Co. Ltd.		7,400		121,599
Netcompany Group A/S*(a)(b)		2,698		108,599
NEXTDC Ltd.*(a)		11,761		109,000
Nomura Research Institute Ltd.		6,045		187,460
NS Solutions Corp.		800		26,981
NTT Data Group Corp.		9,200		134,719
Obic Co. Ltd.		800		124,426
One Software Technologies Ltd.		3,880		49,009
Otsuka Corp.		2,500		106,619
OVH Groupe SAS*		3,078		33,251
Reply SpA		484		67,033
SCSK Corp.		2,700		53,677
Secunet Security Networks AG		123		22,152
SHIFT, Inc.*(a)		300		55,136
Shopify, Inc., Class A*		17,020		1,371,103
Societe pour l’Informatique Industrielle(a)		656		49,809
Softcat plc		2,394		44,083
Sopra Steria Group		396		93,688
SUNeVision Holdings Ltd.(a)		90,000		30,855
TietoEVRY OYJ		3,686		86,244
TIS, Inc.		4,600		103,974
Wavestone		532		35,482

				6,173,223

Leisure Products - 0.4%
Bandai Namco Holdings, Inc.		7,400		162,757
Beneteau SACA		9,657		116,858
BRP, Inc.		10,730		681,362
Games Workshop Group plc		684		86,277
MIPS AB(b)		1,517		50,991
Mizuno Corp.		7,400		224,265
Sanlorenzo SpA(a)		984		47,191
Sega Sammy Holdings, Inc.		2,600		38,793
Shimano, Inc.		1,100		160,701
Spin Master Corp.(b)		684		17,703
Technogym SpA(b)		4,905		48,938
Thule Group AB(b)		2,024		52,126
Tomy Co. Ltd.		4,600		76,580
Universal Entertainment Corp.		300		4,402
Yamaha Corp.		2,800		62,561
Yonex Co. Ltd.		5,600		46,240

				1,877,745

Life Sciences Tools & Services - 0.4%
AddLife AB, Class B		6,847		74,684
Bachem Holding AG(a)		328		22,253
Biotage AB		3,690		52,605
Chemometec A/S(a)		902		49,347
Eurofins Scientific SE(a)		1,850		112,736
Evotec SE*		3,042		47,286
Gerresheimer AG		574		59,171
Lonza Group AG (Registered)		1,110		549,662
Oxford Nanopore Technologies plc*		35,096		71,643
QIAGEN NV*(a)		3,697		162,247
Sartorius AG (Preference)		370		137,012
Sartorius Stedim Biotech		380		103,689
Siegfried Holding AG (Registered)		38		38,228


Investments	Shares		Value ($)
SKAN Group AG		451		40,061
Tecan Group AG (Registered)		220		85,297
Wuxi Biologics Cayman, Inc.*(b)		53,500		140,299

				1,746,220

Machinery - 3.7%
Aalberts NV		2,405		96,608
Alfa Laval AB		4,440		165,055
Alstom SA(a)		6,184		78,929
Amada Co. Ltd.		7,200		79,056
ANDRITZ AG		1,517		94,174
Atlas Copco AB, Class A		36,186		584,693
Atlas Copco AB, Class B		23,347		327,077
ATS Corp.*		1,476		63,534
AutoStore Holdings Ltd.*(b)		15,006		27,776
Beijer Alma AB		2,304		40,896
Bodycote plc		3,534		28,690
Bucher Industries AG (Registered)		82		35,062
Burckhardt Compression Holding AG		132		74,628
Bystronic AG		76		38,405
Cargotec OYJ, Class B		684		39,119
CKD Corp.		4,100		73,768
Concentric AB		3,192		52,889
Construcciones y Auxiliar de Ferrocarriles SA		5,661		204,770
Daetwyler Holding AG		407		83,407
Daifuku Co. Ltd.		6,900		138,708
Daimler Truck Holding AG		10,582		382,314
Danieli & C Officine Meccaniche SpA(a)		3,885		132,722
Danieli & C Officine Meccaniche SpA (Retirement Savings Plan)		12,543		306,559
DMG Mori Co. Ltd.		2,100		42,898
Duerr AG		17,612		407,874
Ebara Corp.		1,100		70,383
Electrolux Professional AB, Class B		13,038		70,286
Epiroc AB, Class A		8,584		153,239
Epiroc AB, Class B		4,256		67,018
FANUC Corp.		14,300		402,758
FLSmidth & Co. A/S(a)		2,590		107,423
Fluidra SA		912		19,932
Fuji Corp.		1,000		17,216
Fujitec Co. Ltd.(a)		2,400		62,095
GEA Group AG		2,738		110,638
Georg Fischer AG (Registered)		1,478		100,101
Glory Ltd.		18,500		387,908
Harmonic Drive Systems, Inc.		1,500		37,096
Hino Motors Ltd.*		7,600		26,334
Hitachi Construction Machinery Co. Ltd.		2,800		81,103
Hitachi Zosen Corp.		55,500		348,168
Hoshizaki Corp.		2,400		88,562
Husqvarna AB, Class B(a)		7,480		58,929
IHI Corp.(a)		2,500		48,657
IMI plc		1,824		39,139
Indutrade AB		4,766		117,301
Interpump Group SpA		1,584		79,217
Interroll Holding AG (Registered)(a)		37		109,337
Iveco Group NV*		64,824		697,954


Investments	Shares		Value ($)
Japan Steel Works Ltd. (The)		25,900		434,280
Jungheinrich AG (Preference)		16,539		561,601
Kardex Holding AG (Registered)		264		67,858
Kawasaki Heavy Industries Ltd.		2,800		64,534
KION Group AG		1,419		65,663
Kitz Corp.		25,900		215,102
Komatsu Ltd.		18,500		537,250
Komax Holding AG (Registered)		76		14,760
Kone OYJ, Class B		5,180		258,494
Konecranes OYJ		1,394		60,327
Krones AG		246		30,757
KSB SE & Co. KGaA (Preference)		259		164,302
Kubota Corp.		18,500		285,078
Kurita Water Industries Ltd.		2,500		93,108
Kyokuto Kaihatsu Kogyo Co. Ltd.		11,100		154,151
Makita Corp.		4,200		115,132
Manitou BF SA		3,857		86,936
Max Co. Ltd.		2,800		63,212
METAWATER Co. Ltd.		4,100		60,529
Metso OYJ		11,433		115,373
MINEBEA MITSUMI, Inc.		7,311		154,548
MISUMI Group, Inc.		4,100		72,085
Mitsubishi Heavy Industries Ltd.		5,900		401,285
Mitsubishi Logisnext Co. Ltd.		7,600		80,068
Mitsuboshi Belting Ltd.(a)		1,300		44,023
Miura Co. Ltd.		2,100		39,062
Morgan Advanced Materials plc		101,491		350,250
Nachi-Fujikoshi Corp.(a)		7,400		175,160
NFI Group, Inc.*		4,826		43,057
NGK Insulators Ltd.		7,600		96,290
Nitta Corp.		7,400		194,144
Noritake Co. Ltd.		3,700		199,713
NSK Ltd.		15,200		84,124
NTN Corp.(a)		181,300		337,856
OC Oerlikon Corp. AG (Registered)(a)		71,040		312,697
OSG Corp.		3,800		52,577
Palfinger AG(a)		5,698		148,547
Pfeiffer Vacuum Technology AG		220		37,137
Rational AG		55		42,657
Rotork plc		13,640		54,437
Ryobi Ltd.		11,100		208,673
Sandvik AB		14,245		302,482
Schindler Holding AG		594		149,565
Schindler Holding AG (Registered)		400		96,241
Seatrium Ltd.*		649,543		48,606
SFS Group AG		220		26,723
Shibaura Machine Co. Ltd.(a)		7,400		182,500
Shibuya Corp.		7,400		127,674
Shinmaywa Industries Ltd.		14,800		124,637
Skellerup Holdings Ltd.		9,956		29,171
SKF AB, Class A		1,408		28,344
SKF AB, Class B		5,609		111,774
SMC Corp.		900		510,477
Spirax-Sarco Engineering plc		1,221		155,566
Stabilus SE		1,140		80,553
Stadler Rail AG		380		12,244
Star Micronics Co. Ltd.		11,100		134,635
Sulzer AG (Registered)		280		27,336
Sumitomo Heavy Industries Ltd.(a)		3,300		87,165


Investments	Shares		Value ($)
Tadano Ltd.		8,900		73,855
Takuma Co. Ltd.		7,600		90,727
Techtronic Industries Co. Ltd.		18,500		196,898
THK Co. Ltd.		1,700		33,296
Tocalo Co. Ltd.		3,800		41,022
TOMRA Systems ASA		3,872		39,436
Toyota Industries Corp.		2,300		198,019
Trelleborg AB, Class B		1,064		32,716
Troax Group AB		1,806		39,608
Tsubakimoto Chain Co.		9,600		281,744
Valmet OYJ(a)		3,228		92,043
VAT Group AG(b)		407		192,955
Vesuvius plc		70,929		431,932
Volvo AB, Class A		3,212		79,707
Volvo AB, Class B		31,450		760,655
Wacker Neuson SE		9,509		178,075
Wartsila OYJ Abp		5,720		85,123
Weir Group plc (The)		3,920		90,828
Yaskawa Electric Corp.(a)		3,700		142,431

				18,794,005

Marine Transportation - 0.8%
AP Moller - Maersk A/S, Class A		65		118,504
AP Moller - Maersk A/S, Class B		38		70,470
Clarkson plc		1,408		63,652
D/S Norden A/S(a)		7,437		402,967
Dfds A/S		11,433		390,553
Golden Ocean Group Ltd.		4,796		50,957
Gram Car Carriers ASA		4,879		106,150
Hoegh Autoliners ASA		1,824		18,473
Iino Kaiun Kaisha Ltd.(a)		33,300		295,468
Kawasaki Kisen Kaisha Ltd.(a)		3,700		182,273
Kuehne + Nagel International AG (Registered)		740		253,438
Mitsui OSK Lines Ltd.(a)		8,500		308,774
MPC Container Ships ASA		125,060		189,564
Nippon Yusen KK(a)		11,100		387,124
NS United Kaiun Kaisha Ltd.(a)		3,800		135,440
Odfjell SE, Class A		6,118		83,960
Pacific Basin Shipping Ltd.		1,813,000		503,273
SITC International Holdings Co. Ltd.		24,000		36,473
Stolt-Nielsen Ltd.		1,435		54,070
Wallenius Wilhelmsen ASA		2,952		28,937
Wilh Wilhelmsen Holding ASA, Class A		4,921		173,185
Wilh Wilhelmsen Holding ASA, Class B		2,091		71,989

				3,925,694

Media - 0.9%
4imprint Group plc		1,517		105,671
Ascential plc*		17,480		67,804
Atresmedia Corp. de Medios de Comunicacion SA		30,377		122,815
Cogeco Communications, Inc.		2,204		102,360
CyberAgent, Inc.		6,300		41,224
Cyfrowy Polsat SA*		11,020		30,087
Dentsu Group, Inc.		3,700		99,527
Eutelsat Communications SACA*(a)		96,755		355,869
Future plc(a)		31,709		288,716


Investments	Shares		Value ($)
Hakuhodo DY Holdings, Inc.		4,700		36,703
Informa plc		17,760		175,820
IPSOS SA		13,209		873,093
ITV plc		48,868		37,339
JCDecaux SE*		968		20,262
Metropole Television SA		17,057		243,645
MFE-MediaForEurope NV, Class A		56,410		144,732
MFE-MediaForEurope NV, Class B(a)		21,558		78,284
Nine Entertainment Co. Holdings Ltd.		34,440		45,078
ProSiebenSat.1 Media SE		57,239		407,252
Publicis Groupe SA		3,441		347,988
RTL Group SA(a)		1,056		40,974
Sanoma OYJ		3,895		29,236
Schibsted ASA, Class A		1,862		57,570
SES SA, Class A, ADR		9,044		55,997
SKY Perfect JSAT Holdings, Inc.		15,200		81,004
Stroeer SE & Co. KGaA		1,628		96,290
Television Francaise 1 SA(a)		28,268		250,562
TV Asahi Holdings Corp.		8,400		101,484
TX Group AG		205		31,066
Vivendi SE		5,016		56,965
WPP plc(a)		26,381		259,151
YouGov plc		4,715		69,950

				4,754,518

Metals & Mining - 4.5%
Acerinox SA		59,681		634,023
Agnico Eagle Mines Ltd.		8,087		399,977
Alamos Gold, Inc., Class A		4,014		48,911
Alleima AB		14,134		94,661
Allied Gold Corp.*(a)		11,058		26,154
Alumina Ltd.*(a)		155,762		119,956
AMG Critical Materials NV		9,102		195,121
Anglo American plc		26,048		629,118
Antofagasta plc		5,230		115,554
Aperam SA(a)		14,541		452,058
ArcelorMittal SA		12,062		335,944
ARE Holdings, Inc.(a)		25,900		364,469
Aurubis AG		738		53,759
AVZ Minerals Ltd.*‡(a)		111,012		12,475
B2Gold Corp.		13,478		37,830
Barrick Gold Corp.		27,195		432,998
Bekaert SA		11,211		551,174
Bellevue Gold Ltd.*(a)		49,941		43,908
BHP Group Ltd.		74,666		2,333,151
BlueScope Steel Ltd.		9,213		143,791
Boliden AB		5,291		141,821
Capricorn Metals Ltd.*		19,272		58,475
Capstone Copper Corp.*		20,535		101,749
Centamin plc		381,507		470,284
Centerra Gold, Inc.		8,892		47,187
Champion Iron Ltd.		6,468		36,471
De Grey Mining Ltd.*(a)		86,240		69,836
Deterra Royalties Ltd.		29,023		106,289
Dowa Holdings Co. Ltd.		1,100		38,928
Dundee Precious Metals, Inc.		62,826		404,874
Eldorado Gold Corp.*		9,582		117,834
Emerald Resources NL*		21,402		47,254
Endeavour Mining plc		532		9,566


Investments	Shares		Value ($)
Equinox Gold Corp.*(a)		14,247		63,341
Eramet SA(a)		2,812		196,101
ERO Copper Corp.*(a)		4,268		67,244
Evolution Mining Ltd.(a)		35,786		75,937
Falcon Metals Ltd.*		1		— (e)
Filo Corp.*(a)		4,428		68,506
First Majestic Silver Corp.(a)		14,596		68,061
First Quantum Minerals Ltd.		12,506		114,197
Foran Mining Corp.*(a)		11,210		34,317
Fortescue Ltd.		32,301		638,015
Fortuna Silver Mines, Inc.*(a)		16,720		51,309
Franco-Nevada Corp.		3,005		327,164
Fresnillo plc		3,872		26,212
Genesis Minerals Ltd.*(a)		52,288		56,168
Glencore plc		197,839		1,059,274
Gold Road Resources Ltd.(a)		59,580		59,866
Granges AB		5,662		56,662
Grupa Kety SA		308		52,736
Hill & Smith plc		3,280		78,275
Hudbay Minerals, Inc.(a)		98,827		552,552
IAMGOLD Corp.*		25,911		62,060
IGO Ltd.		16,378		81,850
Ivanhoe Mines Ltd., Class A*(a)		9,981		105,409
Jastrzebska Spolka Weglowa SA*		1,710		18,606
JFE Holdings, Inc.		11,100		177,957
K92 Mining, Inc.*(a)		5,700		27,475
KGHM Polska Miedz SA		3,160		89,210
Kinross Gold Corp.		20,745		115,056
Kobe Steel Ltd.(a)		10,600		149,165
Kyoei Steel Ltd.(a)		7,400		108,083
Labrador Iron Ore Royalty Corp.		22,274		550,327
Liontown Resources Ltd.*		27,470		18,704
Lithium Americas Corp.*(a)		42,143		187,996
Lundin Gold, Inc.		4,218		50,071
Lundin Mining Corp.(a)		12,392		101,841
Lynas Rare Earths Ltd.*(a)		13,899		54,025
MAG Silver Corp.*(a)		4,656		42,167
Maruichi Steel Tube Ltd.		2,000		51,705
Mineral Resources Ltd.(a)		2,664		105,574
Mitsubishi Materials Corp.		3,800		70,580
Nickel Industries Ltd.(a)		41,914		22,027
Nippon Light Metal Holdings Co. Ltd.		18,500		230,847
Nippon Steel Corp.(a)		18,515		452,188
Nittetsu Mining Co. Ltd.(a)		3,700		134,154
Norsk Hydro ASA		27,010		159,995
Northern Star Resources Ltd.		15,844		137,729
Novagold Resources, Inc.*		18,278		46,925
OceanaGold Corp.		248,419		500,166
Orla Mining Ltd.*(a)		10,780		36,147
OSAKA Titanium Technologies Co. Ltd.(a)		1,300		25,088
Osisko Gold Royalties Ltd.(a)		10,286		150,820
Osisko Mining, Inc.*		17,794		32,230
Outokumpu OYJ(a)		7,392		31,781
Pan American Silver Corp.		4,560		62,117
Perenti Ltd.*		299,626		161,425
Perseus Mining Ltd.(a)		475,709		567,614
Pilbara Minerals Ltd.(a)		34,446		80,835
Regis Resources Ltd.*		40,098		55,399


Investments	Shares		Value ($)
Rio Tinto Ltd.		7,363		646,963
Rio Tinto plc		22,311		1,563,509
Salzgitter AG		8,251		232,850
Sandfire Resources Ltd.*(a)		11,931		57,575
Sandstorm Gold Ltd.		13,772		62,879
Sanyo Special Steel Co. Ltd.		7,800		136,337
Silver Lake Resources Ltd.*		62,130		49,696
SilverCrest Metals, Inc.*		9,416		52,364
Sims Ltd.(a)		9,196		88,267
South32 Ltd.(a)		92,278		204,351
SSAB AB, Class A		6,150		48,296
SSAB AB, Class B		12,333		95,252
SSR Mining, Inc.		3,864		36,643
Stelco Holdings, Inc.		10,360		334,671
Sumitomo Metal Mining Co. Ltd.		5,500		154,305
Teck Resources Ltd., Class B		8,954		360,626
thyssenkrupp AG		8,316		52,050
Toho Titanium Co. Ltd.(a)		1,700		23,027
Tokyo Steel Manufacturing Co. Ltd.		4,100		50,319
UACJ Corp.		14,000		393,638
voestalpine AG		1,880		56,363
Wesdome Gold Mines Ltd.*		3,534		20,976
Wheaton Precious Metals Corp.(a)		6,882		324,565
Yamato Kogyo Co. Ltd.(a)		1,300		73,113
Yodogawa Steel Works Ltd.		10,300		275,512
Zimplats Holdings Ltd.(a)		4,902		71,614

				22,842,646

Multi-Utilities - 0.8%
A2A SpA		29,479		58,936
ACEA SpA		14,615		232,100
AGL Energy Ltd.		12,344		70,747
Algonquin Power & Utilities Corp.(a)		16,539		98,661
Canadian Utilities Ltd., Class A(a)		3,914		89,761
Centrica plc		120,065		211,686
E.ON SE		46,139		629,488
Engie SA		38,332		616,661
Hera SpA		19,272		68,455
Iren SpA		218,004		461,537
National Grid plc		54,501		732,215
REN - Redes Energeticas Nacionais SGPS SA		17,917		44,277
Sembcorp Industries Ltd.		16,300		69,159
Telecom Plus plc		4,728		87,543
Vector Ltd.		9,652		22,280
Veolia Environnement SA		12,025		395,391

				3,888,897

Office REITs - 0.2%
Abacus Group, REIT		35,454		25,546
Allied Properties REIT, REIT(a)		21,312		311,373
Champion REIT, REIT		108,000		25,697
Derwent London plc, REIT		1,368		37,281
Dexus, REIT		25,937		133,736
Gecina SA, REIT		440		49,085
Global One Real Estate Investment Corp., REIT		48		36,055
Great Portland Estates plc, REIT		12,800		67,972
Ichigo Office REIT Investment Corp., REIT		41		23,224


Investments	Shares		Value ($)
Inmobiliaria Colonial Socimi SA, REIT		6,346		38,568
Japan Excellent, Inc., REIT(a)		76		63,431
Japan Prime Realty Investment Corp., REIT		13		31,438
Japan Real Estate Investment Corp., REIT(a)		24		92,930
Keppel REIT, REIT		3,800		2,630
Mirai Corp., REIT		88		27,151
Mori Hills REIT Investment Corp., REIT(a)		38		35,667
Nippon Building Fund, Inc., REIT(a)		24		98,020
Precinct Properties Group, REIT		67,298		51,575
Workspace Group plc, REIT		4,978		33,123

				1,184,502

Oil, Gas & Consumable Fuels - 6.2%
Advantage Energy Ltd.*		51,689		341,227
Africa Oil Corp.		133,744		253,263
Aker BP ASA		4,625		124,199
Ampol Ltd.		4,958		119,202
ARC Resources Ltd.		13,579		212,215
Athabasca Oil Corp.*		194,139		630,638
Avance Gas Holding Ltd.(b)		5,472		64,157
Baytex Energy Corp.(a)		20,558		65,703
Beach Energy Ltd.(a)		39,336		43,165
Birchcliff Energy Ltd.(a)		84,286		321,738
Bluenord ASA*		646		30,951
Boss Energy Ltd.*		21,197		78,048
BP plc		337,366		1,986,772
BRIGHTOIL*‡		50,147		—
BW LPG Ltd.(b)		2,774		34,434
Cameco Corp.		6,105		293,312
Canadian Natural Resources Ltd.		21,978		1,415,357
Cardinal Energy Ltd.(a)		45,584		217,335
Cenovus Energy, Inc.		25,123		409,550
Cool Co. Ltd.(a)		7,714		91,846
Cosmo Energy Holdings Co. Ltd.(a)		1,600		67,492
Crescent Point Energy Corp.		15,016		98,567
CropEnergies AG		4,560		57,161
Denison Mines Corp.*		51,797		104,676
Diversified Energy Co. plc(a)(b)		17,834		208,144
DNO ASA		275,761		245,127
Enbridge, Inc.		32,005		1,143,609
ENEOS Holdings, Inc.(a)		51,800		212,126
Energean plc(a)		43,882		528,639
Energy Fuels, Inc.*(a)		10,296		78,604
Enerplus Corp.		5,535		80,868
Eni SpA		41,440		666,840
Equinor ASA		19,906		576,148
Equital Ltd.*(a)		5,883		168,187
Etablissements Maurel et Prom SA		19,382		116,322
Euronav NV		2,829		50,090
FLEX LNG Ltd.(a)		1,176		35,269
Freehold Royalties Ltd.		5,060		52,757
Galp Energia SGPS SA		10,582		167,995
Gaztransport Et Technigaz SA		410		57,942
Gibson Energy, Inc.		10,286		165,217
Hafnia Ltd.		7,872		57,817


Investments	Shares		Value ($)
Harbour Energy plc		195,730		694,916
Headwater Exploration, Inc.(a)		67,895		320,660
Idemitsu Kosan Co. Ltd.		28,710		161,782
Imperial Oil Ltd.(a)		3,922		227,649
Inpex Corp.		20,500		286,797
International Petroleum Corp.*(a)		27,491		305,764
Ithaca Energy plc		41,458		72,434
Itochu Enex Co. Ltd.(a)		18,600		201,556
Iwatani Corp.(a)		1,397		63,296
Japan Petroleum Exploration Co. Ltd.(a)		1,700		70,245
Karoon Energy Ltd.*		258,926		334,624
Keyera Corp.		3,108		75,650
Koninklijke Vopak NV		114		3,585
MEG Energy Corp.*		4,928		93,761
Mitsuuroko Group Holdings Co. Ltd.		11,100		117,777
Naphtha Israel Petroleum Corp. Ltd.		10,742		53,890
Neste OYJ		6,586		229,287
New Hope Corp. Ltd.		17,010		60,720
NexGen Energy Ltd.*		10,944		84,370
NuVista Energy Ltd.*(a)		59,496		464,016
Oil Refineries Ltd.		772,338		267,509
Okeanis Eco Tankers Corp.(b)		4,440		130,356
OMV AG		3,441		154,408
ORLEN SA		12,358		194,405
Paladin Energy Ltd.*		147,070		125,901
Paramount Resources Ltd., Class A(a)		2,772		54,981
Parex Resources, Inc.		34,225		570,225
Parkland Corp.		2,923		100,376
Paz Oil Co. Ltd.		3,368		278,006
Pembina Pipeline Corp.		8,806		305,232
Peyto Exploration & Development Corp.(a)		64,195		623,187
PrairieSky Royalty Ltd.		3,977		66,023
Repsol SA(a)		23,828		355,635
San-Ai Obbli Co. Ltd.(a)		18,500		212,116
Santos Ltd.		53,835		279,363
Saras SpA(a)		143,523		245,390
Serica Energy plc		71,447		192,523
Shell plc		136,234		4,245,231
Strike Energy Ltd.*(a)		129,355		36,769
Suncor Energy, Inc.		24,420		813,726
Tamarack Valley Energy Ltd.(a)		174,529		403,648
TC Energy Corp.(a)		15,762		625,737
Topaz Energy Corp.		3,731		54,287
TORM plc, Class A		10,212		360,452
TotalEnergies SE		46,509		3,036,276
Tourmaline Oil Corp.		6,586		286,549
United Energy Group Ltd.(a)		358,000		38,011
Var Energi ASA		7,339		21,498
Verbio SE		1,107		24,458
Vermilion Energy, Inc.(a)		56,351		609,462
Viva Energy Group Ltd.(b)		17,630		40,907
Whitecap Resources, Inc.(a)		11,932		77,698
Whitehaven Coal Ltd.		16,702		93,074
Woodside Energy Group Ltd.		39,554		847,428

				31,366,335


Investments	Shares		Value ($)
Paper & Forest Products - 0.3%
Canfor Corp.*		19,203		233,992
Daio Paper Corp.		3,745		28,566
Hokuetsu Corp.(a)		11,100		106,539
Holmen AB, Class B(a)		1,540		61,348
Mondi plc		6,828		122,952
Navigator Co. SA (The)		5,269		21,864
Nippon Paper Industries Co. Ltd.*		37,000		347,535
Oji Holdings Corp.(a)		11,400		45,124
Semapa-Sociedade de Investimento e Gestao		4,873		75,694
Stella-Jones, Inc.		1,558		92,754
Stora Enso OYJ, Class A(a)		2,501		31,786
Stora Enso OYJ, Class R		5,168		66,326
Svenska Cellulosa AB SCA, Class A		2,068		28,421
Svenska Cellulosa AB SCA, Class B(a)		6,314		86,805
UPM-Kymmene OYJ		7,548		276,061
West Fraser Timber Co. Ltd.		1,238		99,064

				1,724,831

Passenger Airlines - 0.3%
Air Canada*(a)		5,192		70,804
Air France-KLM*		3,677		47,530
Air New Zealand Ltd.		11,968		4,678
ANA Holdings, Inc.*		2,400		53,689
Cathay Pacific Airways Ltd.*(a)		38,000		38,743
Deutsche Lufthansa AG (Registered)*		11,161		93,934
easyJet plc*		6,806		48,206
Exchange Income Corp.		2,255		79,293
Finnair OYJ*(a)		3,559,104		136,859
Japan Airlines Co. Ltd.		2,800		54,468
JET2 plc		4,018		68,359
Norwegian Air Shuttle ASA*		150,738		186,898
Qantas Airways Ltd.*		22,968		84,418
Singapore Airlines Ltd.		25,999		129,961
Wizz Air Holdings plc*(a)(b)		17,390		440,470

				1,538,310

Personal Care Products - 1.0%
Beiersdorf AG		1,480		218,399
euglena Co. Ltd.*(a)		4,400		20,920
Fancl Corp.		400		6,396
Haleon plc		82,954		339,625
Intercos SpA		2,166		34,116
Interparfums SA		159		8,489
Kao Corp.		7,100		284,777
Kobayashi Pharmaceutical Co. Ltd.		900		41,067
Kose Corp.		700		46,446
L’Occitane International SA		4,500		14,334
L’Oreal SA		3,515		1,697,940
Milbon Co. Ltd.		1,000		24,245
Noevir Holdings Co. Ltd.		1,000		35,916
Pola Orbis Holdings, Inc.(a)		2,000		20,961
PZ Cussons plc		17,220		29,341
Rohto Pharmaceutical Co. Ltd.		3,900		81,055
Shiseido Co. Ltd.		6,000		169,523
Unilever plc		37,111		1,819,715

				4,893,265


Investments	Shares		Value ($)
Pharmaceuticals - 4.9%
ALK-Abello A/S, Class B*(a)		7,705		125,314
Almirall SA		4,564		43,627
Astellas Pharma, Inc.		29,600		349,307
AstraZeneca plc		22,940		3,067,359
Bausch Health Cos., Inc.*		106,375		839,185
Bayer AG (Registered)		17,575		551,725
Camurus AB*		1,435		71,873
Chugai Pharmaceutical Co. Ltd.		8,500		310,925
Daiichi Sankyo Co. Ltd.		27,000		816,973
Eisai Co. Ltd.		4,100		196,284
Faes Farma SA		17,897		59,197
Financiere de Tubize SA		510		42,712
GSK plc		60,421		1,206,468
H Lundbeck A/S, Class A		5,650		25,015
Haw Par Corp. Ltd.		8,200		58,293
Hikma Pharmaceuticals plc		2,800		68,871
Hutchmed China Ltd.*(a)		12,540		31,395
Indivior plc*		6,882		121,555
Ipsen SA		732		85,079
JCR Pharmaceuticals Co. Ltd.(a)		2,400		17,978
Kaken Pharmaceutical Co. Ltd.		1,500		35,813
Kissei Pharmaceutical Co. Ltd.		1,400		30,313
Kyorin Pharmaceutical Co. Ltd.		3,800		46,377
Kyowa Kirin Co. Ltd.		4,300		68,644
Laboratorios Farmaceuticos Rovi SA		874		60,808
Merck KGaA		1,887		312,383
Mochida Pharmaceutical Co. Ltd.		900		20,626
Nippon Shinyaku Co. Ltd.		1,400		50,139
Novartis AG (Registered)		30,081		3,134,862
Novo Nordisk A/S, Class B		49,543		5,594,147
Ono Pharmaceutical Co. Ltd.		7,400		135,268
Orion OYJ, Class A		352		16,097
Orion OYJ, Class B		1,855		86,081
Otsuka Holdings Co. Ltd.		7,500		298,820
Recordati Industria Chimica e Farmaceutica SpA		1,628		90,720
Roche Holding AG		518		158,084
Roche Holding AG - BR		10,175		2,930,865
Sandoz Group AG*		8,251		286,623
Sanofi SA		16,761		1,699,772
Santen Pharmaceutical Co. Ltd.		4,500		46,024
Shionogi & Co. Ltd.		4,000		194,561
Sumitomo Pharma Co. Ltd.(a)		70,300		208,724
Taisho Pharmaceutical Holdings Co. Ltd.		600		35,308
Takeda Pharmaceutical Co. Ltd.		22,200		662,469
Teva Pharmaceutical Industries Ltd.*		22,644		273,884
Torii Pharmaceutical Co. Ltd.		800		20,605
Tsumura & Co.		900		16,467
UCB SA		1,554		147,365
Virbac SACA(a)		132		47,891
ZERIA Pharmaceutical Co. Ltd.		1,800		25,256

				24,824,131

Professional Services - 1.6%
Adecco Group AG (Registered)		2,368		103,625
AFRY AB		6,460		90,157
ALS Ltd.		8,712		72,967


Investments	Shares		Value ($)
Applus Services SA		42,291		514,053
Arcadis NV		1,189		65,804
BayCurrent Consulting, Inc.(a)		1,400		33,196
Bell System24 Holdings, Inc.		3,800		46,871
Benefit One, Inc.		3,800		55,112
Benefit Systems SA		76		42,358
Bureau Veritas SA		4,551		122,105
Computershare Ltd.		8,029		134,759
Danel Adir Yeoshua Ltd.		533		46,314
dip Corp.		1,400		24,212
DKSH Holding AG		660		46,585
en Japan, Inc.(a)		2,000		37,558
Experian plc		13,431		563,738
Funai Soken Holdings, Inc.		2,700		47,711
Hays plc		557,220		698,238
Hilan Ltd.		646		36,120
Infomart Corp.		17,600		48,161
Insource Co. Ltd.		3,800		21,863
Intertek Group plc		2,590		148,190
IPH Ltd.(a)		14,227		64,423
JAC Recruitment Co. Ltd.(a)		5,200		24,155
McMillan Shakespeare Ltd.		3,198		36,425
MEITEC Group Holdings, Inc.		2,400		48,197
Nihon M&A Center Holdings, Inc.		4,800		29,294
Open Up Group, Inc.		4,400		69,383
Outsourcing, Inc.*(a)		33,300		396,388
Pagegroup plc		20,276		118,413
Persol Holdings Co. Ltd.(a)		42,000		68,010
Randstad NV		2,183		125,109
Recruit Holdings Co. Ltd.		22,200		900,150
RELX plc		27,380		1,137,364
RWS Holdings plc		90,465		273,721
SGS SA (Registered)		2,627		245,107
SmartGroup Corp. Ltd.(a)		7,766		49,848
SMS Co. Ltd.		2,000		36,771
TechnoPro Holdings, Inc.		1,100		25,819
Teleperformance SE		1,258		199,031
Thomson Reuters Corp.		2,109		315,091
Tinexta Spa		1,056		22,574
TKC Corp.		3,800		99,696
Transcosmos, Inc.		7,400		156,682
UT Group Co. Ltd.*(a)		11,100		181,640
Wolters Kluwer NV		3,515		521,180

				8,144,168

Real Estate Management & Development - 2.6%
Aeon Mall Co. Ltd.		1,990		24,907
AFI Properties Ltd.*(a)		1,710		75,257
Africa Israel Residences Ltd.		2,065		110,011
Airport City Ltd.*		1,928		32,335
Allreal Holding AG (Registered)		366		65,704
Alony Hetz Properties & Investments Ltd.		55,093		420,717
Altus Group Ltd.		1,672		56,716
Amot Investments Ltd.		5,448		28,455
Aroundtown SA*(a)		281,200		637,481
Atrium Ljungberg AB, Class B		792		15,990
Aura Investments Ltd.(a)		20,178		57,797
Azrieli Group Ltd.		532		36,093


Investments	Shares		Value ($)
Big Shopping Centers Ltd.*		287		29,349
Blue Square Real Estate Ltd.(a)		1,739		111,908
Bukit Sembawang Estates Ltd.		19,000		46,777
CA Immobilien Anlagen AG		572		18,889
Capitaland India Trust		55,054		43,257
CapitaLand Investment Ltd.		41,031		90,883
Castellum AB*(a)		9,805		128,537
Catena AB		924		39,831
Cibus Nordic Real Estate AB publ(a)		17,316		206,639
City Developments Ltd.		9,400		42,978
CK Asset Holdings Ltd.		37,000		166,843
Colliers International Group, Inc.(a)		748		88,357
Corem Property Group AB, Class B(a)		91,770		93,437
CTP NV(b)		1,444		24,846
Daito Trust Construction Co. Ltd.		1,300		149,632
Daiwa House Industry Co. Ltd.		14,100		442,171
Deutsche EuroShop AG		3,420		74,077
Deutsche Wohnen SE		1,012		24,800
Dios Fastigheter AB		7,480		58,639
Electra Real Estate Ltd.(a)		1,476		15,110
Entra ASA(b)		2,068		22,783
ESR Group Ltd.(a)(b)		32,800		41,875
Fabege AB(a)		5,412		51,311
Fastighets AB Balder, Class B*(a)		12,348		83,584
FastPartner AB, Class A		3,124		19,925
FirstService Corp.		659		110,990
Frasers Property Ltd.		41,800		27,213
G City Ltd.*		28,290		91,298
Grainger plc		27,170		91,066
Grand City Properties SA*		26,011		254,855
Great Eagle Holdings Ltd.(a)		75,451		110,996
GuocoLand Ltd.		118,400		130,241
Hang Lung Group Ltd.		296,000		356,309
Heiwa Real Estate Co. Ltd.		1,300		34,862
Henderson Land Development Co. Ltd.		33,239		86,528
Hiag Immobilien Holding AG		342		30,219
Ho Bee Land Ltd.		49,400		64,322
Hufvudstaden AB, Class A		304		3,981
Hulic Co. Ltd.		11,100		124,384
Hysan Development Co. Ltd.		222,000		382,815
Ichigo, Inc.		17,800		48,222
IMMOFINANZ AG*(a)		2,132		50,949
Intershop Holding AG		76		54,928
Israel Canada T.R Ltd.(a)		53,132		180,378
Isras Holdings Ltd.*		1,295		124,345
Isras Investment Co. Ltd.(a)		519		109,855
IWG plc*		28,576		68,377
Jeudan A/S		3,071		104,279
K Wah International Holdings Ltd.(a)		666,000		161,873
Katitas Co. Ltd.(a)		3,800		47,911
Keihanshin Building Co. Ltd.		4,100		41,989
Kerry Properties Ltd.		38,000		60,277
Kojamo OYJ		1,596		19,174
Kowloon Development Co. Ltd.(a)		114,000		69,707
LEG Immobilien SE*		1,120		94,238
Lendlease Corp. Ltd.(a)		14,582		71,428
Leopalace21 Corp.*		59,200		168,073
Lifestyle Communities Ltd.(a)		6,920		82,478
Mainstreet Equity Corp.		266		30,262


Investments	Shares		Value ($)
Mega Or Holdings Ltd., REIT(a)		1,216		27,948
Melisron Ltd.		460		33,901
Mitsubishi Estate Co. Ltd.		18,500		261,031
Mitsui Fudosan Co. Ltd.		14,800		377,454
Mivne Real Estate KD Ltd.		14,248		38,775
Mobimo Holding AG (Registered)		228		67,907
Morguard Corp.		1,776		149,000
Nomura Real Estate Holdings, Inc.		1,400		38,904
NP3 Fastigheter AB		1,462		29,205
Nyfosa AB		46,435		422,224
Pandox AB, Class B		5,412		75,059
PEXA Group Ltd.*		7,380		56,494
Platzer Fastigheter Holding AB, Class B		3,080		25,487
Prashkovsky Investments and Construction Ltd.(a)		3,040		68,525
PSP Swiss Property AG (Registered)		717		96,369
Relo Group, Inc.		2,270		23,131
Sagax AB, Class B		2,420		59,561
SAMTY Co. Ltd.		14,800		255,146
Savills plc		10,582		136,508
Sino Land Co. Ltd.		77,768		81,178
Sirius Real Estate Ltd.(a)		58,680		67,851
Starts Corp., Inc.		11,100		231,226
StorageVault Canada, Inc.		12,833		51,580
Sumitomo Realty & Development Co. Ltd.		7,400		236,719
Summit Real Estate Holdings Ltd.		13,616		181,120
Sun Frontier Fudousan Co. Ltd.		11,100		134,711
Sun Hung Kai Properties Ltd.		37,000		344,808
Swire Pacific Ltd., Class A		10,500		81,263
Swire Properties Ltd.		38,000		70,874
Swiss Prime Site AG (Registered)		1,137		116,238
TAG Immobilien AG*		56,647		804,849
Tokyo Tatemono Co. Ltd.		5,200		81,411
Tokyu Fudosan Holdings Corp.		11,200		76,115
Tosei Corp.		11,100		162,808
Tricon Residential, Inc.		11,285		125,009
UOL Group Ltd.		6,799		31,849
VGP NV		738		87,540
Villar International Ltd.		1,599		72,658
Vonovia SE		17,057		538,243
Wallenstam AB, Class B		8,888		45,290
Wharf Holdings Ltd. (The)(a)		17,000		49,583
Wharf Real Estate Investment Co. Ltd.		25,000		73,235
Wihlborgs Fastigheter AB		7,304		66,060
Yanlord Land Group Ltd.*		57,000		22,180
YH Dimri Construction & Development Ltd.		452		33,448

				13,277,198

Residential REITs - 0.1%
Advance Residence Investment Corp., REIT(a)		18		40,020
Altarea SCA, REIT		1,850		162,775
Boardwalk REIT, REIT(a)		1,000		52,243
Canadian Apartment Properties REIT, REIT		1,012		35,350


Investments	Shares		Value ($)
Comforia Residential REIT, Inc., REIT(a)		19		40,229
Daiwa Securities Living Investments Corp., REIT		26		18,872
Ingenia Communities Group, REIT		8,284		24,533
InterRent REIT, REIT		4,600		46,377
Killam Apartment REIT, REIT		2,624		36,786
Nippon Accommodations Fund, Inc., REIT(a)		8		33,604
UNITE Group plc (The), REIT(a)		8,144		105,473
Xior Student Housing NV, REIT(b)		1,581		47,657

				643,919

Retail REITs - 0.6%
BWP Trust, REIT		14,098		32,059
CapitaLand China Trust, REIT		117,800		73,606
CapitaLand Integrated Commercial Trust, REIT		41,800		62,871
Carmila SA, REIT*(a)		19,684		352,799
Charter Hall Retail REIT, REIT		6,346		15,606
Choice Properties REIT, REIT		3,957		41,583
Crombie REIT, REIT		3,256		33,119
CT REIT, REIT(a)		7,638		82,952
Eurocommercial Properties NV, REIT		14,858		336,024
First Capital REIT, REIT		2,774		32,826
Fortune REIT, REIT		41,000		23,497
Frasers Centrepoint Trust, REIT		12,749		21,942
Hammerson plc, REIT		65,626		22,614
HMC Capital Ltd., REIT(a)		9,954		40,533
HomeCo Daily Needs REIT, REIT(a)(b)		107,008		89,837
Japan Metropolitan Fund Invest, REIT		103		70,604
Kiwi Property Group Ltd., REIT		171,266		91,718
Klepierre SA, REIT		3,663		95,853
Lendlease Global Commercial REIT, REIT		45,600		21,497
Link REIT, REIT		44,423		222,761
Mapletree Pan Asia Commercial Trust, REIT		57,062		62,342
Primaris REIT, REIT		2,706		28,132
Region RE Ltd., REIT		78,810		118,261
Retail Estates NV, REIT		3,774		248,840
RioCan REIT, REIT(a)		6,840		93,637
Scentre Group, REIT		50,542		102,571
Shaftesbury Capital plc, REIT		44,346		75,278
SmartCentres REIT, REIT(a)		6,401		118,146
Starhill Global REIT, REIT		80,696		31,098
Unibail-Rodamco-Westfield, REIT*		2,442		177,673
Unibail-Rodamco-Westfield, REIT, CHDI*		5		18
Vicinity Ltd., REIT		65,692		89,023
Waypoint REIT Ltd., REIT		33,326		54,635

				2,963,955

Semiconductors & Semiconductor Equipment - 2.4%
Advantest Corp.		11,500		458,112
AIXTRON SE		2,276		85,962
ams-OSRAM AG*		316,788		757,027
ASM International NV		666		373,441
ASML Holding NV		5,772		5,004,582


Investments	Shares		Value ($)
ASMPT Ltd.(a)		5,000		48,355
BE Semiconductor Industries NV		1,330		201,971
Camtek Ltd.*		1,025		80,274
Disco Corp.		1,200		331,493
Elmos Semiconductor SE		410		28,949
Ferrotec Holdings Corp.(a)		14,800		289,976
Furuya Metal Co. Ltd.		1,000		63,075
Infineon Technologies AG		18,981		695,758
Japan Material Co. Ltd.		2,500		43,150
Lasertec Corp.		1,300		353,781
Melexis NV		495		43,069
Meyer Burger Technology AG*(a)		97,774		12,788
Nordic Semiconductor ASA*		3,828		39,171
Nova Ltd.*		352		50,732
Renesas Electronics Corp.*		20,900		353,445
Rohm Co. Ltd.		6,200		109,409
Rorze Corp.(a)		400		45,480
Sanken Electric Co. Ltd.		1,600		75,811
SCREEN Holdings Co. Ltd.		2,200		220,790
Shibaura Mechatronics Corp.(a)		3,700		179,716
Shinko Electric Industries Co. Ltd.		1,400		52,964
Siltronic AG		999		94,898
SMA Solar Technology AG*		760		39,412
Socionext, Inc.(a)		3,000		70,436
SOITEC*		369		54,272
STMicroelectronics NV		9,176		407,817
SUMCO Corp.		5,700		87,971
Tokyo Electron Ltd.		6,900		1,315,331
Tower Semiconductor Ltd.*		2,139		61,504
Ulvac, Inc.		1,000		49,940
X-Fab Silicon Foundries SE*(b)		4,480		43,506

				12,224,368

Software - 1.4%
Altium Ltd.(a)		1,716		56,332
Appier Group, Inc.*		4,100		49,281
Atoss Software AG		176		48,751
BlackBerry Ltd.*		27,121		76,529
Bytes Technology Group plc		10,526		87,999
Constellation Software, Inc.		296		823,243
Crayon Group Holding ASA*(b)		4,100		34,897
Darktrace plc*		5,244		22,992
Dassault Systemes SE		10,249		536,999
Descartes Systems Group, Inc. (The)*		1,339		117,980
Docebo, Inc.*		988		43,660
Enghouse Systems Ltd.		1,292		36,167
Fortnox AB		7,995		44,725
Freee KK*		3,800		73,231
Fuji Soft, Inc.(a)		1,400		62,254
GB Group plc		8,897		31,928
Hansen Technologies Ltd.		5,576		18,983
IRESS Ltd.(a)		10,123		54,873
Justsystems Corp.		3,800		80,848
Kinaxis, Inc.*		520		63,721
Lectra		798		28,388
Lightspeed Commerce, Inc.*		5,472		101,613
Nemetschek SE		884		82,600
Nice Ltd.*		889		183,797
Open Text Corp.		5,291		232,185


Investments	Shares		Value ($)
Oracle Corp. Japan		800		63,869
QT Group OYJ*(a)		308		21,988
Sage Group plc (The)		15,873		238,115
SAP SE		15,577		2,720,819
Sinch AB*(a)(b)		35,742		111,923
SiteMinder Ltd.*		17,179		59,847
Systena Corp.		11,400		23,397
TeamViewer SE*(b)		3,239		46,865
Technology One Ltd.		5,166		53,923
Temenos AG (Registered)		779		80,256
Text SA		950		23,135
Trend Micro, Inc.*		2,500		145,442
Truecaller AB, Class B*(a)		16,113		48,453
Vitec Software Group AB, Class B		1,025		57,538
WiseTech Global Ltd.(a)		2,923		141,035

				6,830,581

Specialized REITs - 0.1%
Arena REIT, REIT		15,470		35,793
Big Yellow Group plc, REIT(a)		10,064		147,128
Charter Hall Social Infrastructure REIT, REIT(a)		17,065		31,361
Keppel DC REIT, REIT		21,100		26,684
National Storage REIT, REIT(a)		20,921		31,947
Safestore Holdings plc, REIT		12,284		129,524
Shurgard Self Storage Ltd., REIT		532		24,889

				427,326

Specialty Retail - 1.3%
ABC-Mart, Inc.(a)		2,100		36,886
Accent Group Ltd.(a)		42,845		57,212
Alpen Co. Ltd.(a)		7,400		102,970
AOKI Holdings, Inc.		7,600		61,351
ARCLANDS Corp.(a)		18,518		214,349
Aritzia, Inc.*		5,217		127,726
Autobacs Seven Co. Ltd.		2,100		23,058
Avolta AG*(a)		1,330		51,488
Bic Camera, Inc.		4,200		39,507
Bilia AB, Class A(a)		25,086		306,888
CECONOMY AG*		49,691		122,204
DCM Holdings Co. Ltd.(a)		33,300		313,238
Delek Automotive Systems Ltd.(a)		17,871		107,536
Dunelm Group plc		6,498		90,362
Eagers Automotive Ltd.(a)		4,180		39,431
EDION Corp.		7,600		84,488
Fast Retailing Co. Ltd.		2,700		734,038
Fenix Outdoor International AG		369		26,570
Fielmann Group AG		152		7,978
Fox Wizel Ltd.(a)		533		38,007
Frasers Group plc*		4,620		47,655
Geo Holdings Corp.		3,800		62,937
H & M Hennes & Mauritz AB, Class B(a)		8,510		121,468
Hornbach Holding AG & Co. KGaA		2,368		171,697
Hour Glass Ltd. (The)		26,600		30,455
IDOM, Inc.(a)		19,100		115,508
Industria de Diseno Textil SA		15,540		670,318
JB Hi-Fi Ltd.(a)		1,722		65,101
JD Sports Fashion plc		52,515		78,277
JINS Holdings, Inc.		900		25,705


Investments	Shares		Value ($)
Joyful Honda Co. Ltd.		2,000		26,817
Kingfisher plc		37,852		106,239
Kohnan Shoji Co. Ltd.(a)		8,900		238,977
Komeri Co. Ltd.(a)		11,100		250,970
K’s Holdings Corp.		3,800		34,848
Leon’s Furniture Ltd.		6,660		106,077
Lovisa Holdings Ltd.(a)		3,686		56,091
Luk Fook Holdings International Ltd.		111,672		276,564
Musti Group OYJ		1,596		45,248
Nextage Co. Ltd.(a)		3,800		58,050
Nishimatsuya Chain Co. Ltd.		3,800		55,398
Nitori Holdings Co. Ltd.		1,600		210,870
Nojima Corp.		22,200		282,939
Pet Valu Holdings Ltd.		1,716		40,047
Pets at Home Group plc		23,584		84,153
Premier Investments Ltd.(a)		1,517		28,219
Sanrio Co. Ltd.		1,800		76,199
Shimamura Co. Ltd.(a)		500		55,447
Super Retail Group Ltd.(a)		5,324		56,205
USS Co. Ltd.		1,800		34,485
Watches of Switzerland Group plc*(c)		13,282		63,258
WH Smith plc		8,214		126,672
Yamada Holdings Co. Ltd.		7,600		23,423
Yellow Hat Ltd.		11,300		141,854
Zalando SE*(b)		3,444		69,883
ZOZO, Inc.		2,800		62,312

				6,585,653

Technology Hardware, Storage & Peripherals - 0.3%
Brother Industries Ltd.		4,000		67,973
Canon, Inc.		14,800		413,094
Eizo Corp.		1,500		52,540
Elecom Co. Ltd.		1,600		18,805
FUJIFILM Holdings Corp.		6,000		386,249
Konica Minolta, Inc.*		14,200		39,586
Logitech International SA (Registered)		2,368		200,018
MCJ Co. Ltd.		22,200		188,322
Ricoh Co. Ltd.		11,800		94,287
Riso Kagaku Corp.		1,700		34,890
Seiko Epson Corp.(a)		7,400		109,677
Toshiba TEC Corp.		1,100		23,178
Wacom Co. Ltd.		7,600		35,615

				1,664,234

Textiles, Apparel & Luxury Goods - 1.8%
adidas AG		2,220		424,709
Asics Corp.		3,400		105,344
Brunello Cucinelli SpA		660		66,172
Burberry Group plc		4,066		67,726
CCC SA*		2,584		37,834
Chow Sang Sang Holdings International Ltd.		111,000		120,695
Cie Financiere Richemont SA (Registered)		7,844		1,179,549
Coats Group plc		93,931		85,645
Crystal International Group Ltd.(b)		209,500		79,595
Delta Galil Ltd.		3,404		157,858
Descente Ltd.		1,200		28,240
Dr. Martens plc		33,087		37,542
Gildan Activewear, Inc.		2,703		89,827


Investments	Shares		Value ($)
Goldwin, Inc.(a)		1,000		68,398
Hermes International SCA		481		1,022,924
HUGO BOSS AG		1,232		77,806
Japan Wool Textile Co. Ltd. (The)		7,600		77,469
Kering SA		1,110		462,099
LPP SA		24		93,814
LVMH Moet Hennessy Louis Vuitton SE		3,737		3,140,287
Moncler SpA		2,775		172,722
New Wave Group AB, Class B(a)		29,193		262,056
Pandora A/S		1,110		163,221
Puma SE		1,558		63,633
Salvatore Ferragamo SpA(a)		5,358		68,910
Samsonite International SA*(a)(b)		24,600		68,602
Seiko Group Corp.		7,400		134,154
Stella International Holdings Ltd.		166,500		219,380
Swatch Group AG (The)		407		96,644
Swatch Group AG (The) (Registered)		792		36,468
Tod’s SpA*		778		28,767
Wacoal Holdings Corp.		4,100		96,908
Yue Yuen Industrial Holdings Ltd.		277,500		260,558

				9,095,556

Tobacco - 0.5%
British American Tobacco plc		47,286		1,408,159
Imperial Brands plc		16,354		395,382
Japan Tobacco, Inc.		14,800		394,363
Scandinavian Tobacco Group A/S(b)		16,539		298,154

				2,496,058

Trading Companies & Distributors - 2.4%
AddTech AB, Class B		2,432		50,936
Ashtead Group plc		6,253		414,229
Azelis Group NV		1,148		23,843
BayWa AG		3,441		111,386
Beijer Ref AB, Class B(a)		3,876		53,569
Bossard Holding AG (Registered), Class A		38		9,169
Brenntag SE		2,114		188,896
Bufab AB		968		34,701
Bunzl plc		5,032		206,017
Chori Co. Ltd.		4,100		83,893
Diploma plc		1,979		82,157
Finning International, Inc.		2,562		74,614
Grafton Group plc		11,063		136,923
Hanwa Co. Ltd.		13,900		517,298
Howden Joinery Group plc		10,647		108,847
IMCD NV		888		136,972
Inaba Denki Sangyo Co. Ltd.		4,100		99,292
Inabata & Co. Ltd.		14,800		326,526
ITOCHU Corp.(a)		29,600		1,367,260
Kanamoto Co. Ltd.		11,100		214,900
Kanematsu Corp.		25,900		407,525
Marubeni Corp.		33,300		578,977
Mitani Corp.		14,800		199,662
Mitsubishi Corp.		84,200		1,477,496
Mitsui & Co. Ltd.		31,200		1,287,273
MonotaRO Co. Ltd.		5,600		53,653
Nagase & Co. Ltd.		2,200		36,475
Nishio Holdings Co. Ltd.		7,700		213,604


Investments	Shares		Value ($)
OEM International AB, Class B		9,061		86,380
Reece Ltd.(a)		3,403		51,245
Rexel SA		4,189		112,802
Richelieu Hardware Ltd.(a)		3,332		108,286
RS GROUP plc		7,942		79,453
Russel Metals, Inc.		20,387		672,776
Seven Group Holdings Ltd.		3,036		72,471
Sojitz Corp.		3,899		93,464
Sumitomo Corp.		24,400		570,043
Theme International Holdings Ltd.*(a)		1,480,000		78,570
Toromont Industries Ltd.		1,198		105,592
Toyota Tsusho Corp.		4,600		307,957
Travis Perkins plc		76,072		765,304
Trusco Nakayama Corp.		1,800		31,216
Yamazen Corp.		22,200		192,575
Yellow Cake plc*(b)		7,602		67,330
Yuasa Trading Co. Ltd.		7,400		249,831

				12,141,388

Transportation Infrastructure - 0.4%
Aena SME SA(b)		925		165,035
Aeroports de Paris SA		114		15,405
Atlas Arteria Ltd.		4,712		16,883
Auckland International Airport Ltd.		21,345		110,827
Dalrymple Bay Infrastructure Ltd.(a)		15,200		27,933
Enav SpA(b)		12,657		47,158
Flughafen Zurich AG (Registered)		320		66,660
Fraport AG Frankfurt Airport Services Worldwide*		890		52,959
Getlink SE		6,216		108,034
Hamburger Hafen und Logistik AG*		9,009		161,469
Hutchison Port Holdings Trust		1,709,400		256,410
Japan Airport Terminal Co. Ltd.(a)		1,200		48,246
Kamigumi Co. Ltd.		3,100		72,211
Mitsubishi Logistics Corp.		1,700		53,277
Port of Tauranga Ltd.		5,225		17,143
Qube Holdings Ltd.(a)		36,652		79,470
SATS Ltd.*		8,200		16,874
Sumitomo Warehouse Co. Ltd. (The)		4,100		74,609
Transurban Group		46,250		413,049
Westshore Terminals Investment Corp.(a)		1,647		35,010

				1,838,662

Water Utilities - 0.1%
Pennon Group plc		14,800		133,060
Severn Trent plc		3,478		115,067
United Utilities Group plc		9,435		128,140

				376,267

Wireless Telecommunication Services - 0.7%
1&1 AG		12,654		252,366
Airtel Africa plc(b)		34,804		49,728
Cellcom Israel Ltd.*(a)		38,221		157,599
Freenet AG		2,356		65,567
KDDI Corp.		22,200		743,721
Millicom International Cellular SA, SDR*		1,482		25,675
Orange Belgium SA*		3,496		50,052
Partner Communications Co. Ltd.*		10,619		49,332
Rogers Communications, Inc., Class B		5,513		259,134


Investments	Shares		Value ($)
SoftBank Corp.		40,700		546,704
SoftBank Group Corp.		14,800		654,065
StarHub Ltd.		61,500		48,782
Tele2 AB, Class B		8,052		69,249
VEON Ltd., ADR*		7,400		143,930
Vodafone Group plc		449,809		385,615

				3,501,519

TOTAL COMMON STOCKS (COST $409,557,343)				498,353,433


Investments	Shares		Value ($)
CLOSED END FUNDS - 0.0%(d)
Independent Power and Renewable Electricity Producers - 0.0%(d)
Renewables Infrastructure Group Ltd. (The) (Cost $99,574)		68,376		94,736


Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(d)

Construction & Engineering - 0.0%(d)
ACS Actividades de Construccion y Servicios SA, expiring 2/5/2024, price 1.00 EUR*(a) (Cost $2,291)		4,625		2,130


Investments	Number of Warrants		Value ($)
WARRANTS - 0.0%
Construction & Engineering - 0.0%
Webuild SpA, expiring 8/2/2030*‡(a)		10,785		—

Software - 0.0%
Constellation Software, Inc., expiring 3/31/2040, price 11.50 CAD*‡		280		—

TOTAL WARRANTS (COST $–)				—


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 1.0%(f)

INVESTMENT COMPANIES - 0.2%
BlackRock Liquidity FedFund, Institutional Shares 5.32%, 2/1/2024		196,102		196,102


Investments	Principal Amount ($)		Value ($)
Invesco Government & Agency Portfolio, Institutional Shares 5.31%, 2/1/2024		938,530		938,530

TOTAL INVESTMENT COMPANIES (COST $1,134,632)				1,134,632


REPURCHASE AGREEMENTS - 0.8%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $3,583,377, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $28,401,272		3,582,848		3,582,848
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $112,986, collateralized by various Common Stocks; total market value $122,551		112,969		112,969

TOTAL REPURCHASE AGREEMENTS (COST $3,695,817)				3,695,817

TOTAL SECURITIES LENDING REINVESTMENTS (COST $4,830,449)				4,830,449

Total Investments - 99.7% (Cost $414,489,657)				503,280,748
Other assets less liabilities - 0.3%				1,535,240

Net Assets - 100.0%				504,815,988

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $49,309,223, collateralized in the form of cash with a value of $4,830,450 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $23,120,150 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 5.51%, and maturity dates ranging from February 6, 2024 – August 15, 2053 and $26,402,460 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.75%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $54,353,060.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d)	Represents less than 0.05% of net assets.

(e)	Amount less than one dollar.

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund (cont.)

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index Fund (cont.)

FlexShares^® Morningstar Developed Markets ex-US Factor Tilt Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 100.1%
Aerospace & Defense - 0.3%
AECC Aviation Power Co. Ltd., Class A		4,700		20,588
Aselsan Elektronik Sanayi ve Ticaret A/S		38,220		63,734
AviChina Industry & Technology Co. Ltd., Class H		81,000		29,945
Bharat Dynamics Ltd.(a)		705		14,492
Bharat Electronics Ltd.		65,721		147,122
Colt CZ Group SE		144		3,657
Data Patterns India Ltd.		588		13,492
EHang Holdings Ltd., ADR*(b)		1,440		14,630
Embraer SA*		9,400		43,337
Hanwha Aerospace Co. Ltd.*		988		102,231
Hanwha Systems Co. Ltd.*		689		7,976
Hindustan Aeronautics Ltd.(a)		3,224		116,445
Korea Aerospace Industries Ltd.*		1,248		47,221
Kuang-Chi Technologies Co. Ltd., Class A*		10,200		16,935
LIG Nex1 Co. Ltd.*		250		19,687
Mazagon Dock Shipbuilders Ltd.		528		14,566
United Aircraft Corp. PAO*‡		25,155,036		—

				676,058

Air Freight & Logistics - 0.4%
Abu Dhabi Aviation Co.		59,644		110,423
Agility Public Warehousing Co. KSC*		29,396		55,428
Allcargo Logistics Ltd.		130,832		127,927
Aramex PJSC		32,940		18,923
Blue Dart Express Ltd.		96		7,525
CJ Logistics Corp.*		245		24,929
Delhivery Ltd.*		7,008		37,929
Hyundai Glovis Co. Ltd.*		520		68,144
J&T Global Express Ltd.*		104,000		205,146
JD Logistics, Inc.*(a)(b)		28,800		25,052
Kerry TJ Logistics Co. Ltd.		8,000		9,534
SCGJWD Logistics PCL, NVDR*		29,300		11,397
SF Holding Co. Ltd., Class A		9,300		45,622
Sinotrans Ltd., Class A		4,700		3,607
Sinotrans Ltd., Class H		47,000		19,600
TVS Supply Chain Solutions Ltd.*		6,816		15,862
YTO Express Group Co. Ltd., Class A		4,700		7,306
Yunda Holding Co. Ltd., Class A		5,800		5,041
ZTO Express Cayman, Inc.		7,800		126,520

				925,915

Automobile Components - 1.6%
Actron Technology Corp.		2,688		14,471
Apollo Tyres Ltd.		4,465		29,061
Asahi India Glass Ltd.		4,900		30,975
Astra Otoparts Tbk. PT		436,800		62,005
Balkrishna Industries Ltd.		1,887		55,768


Investments	Shares		Value ($)
Bharat Forge Ltd.		4,191		62,340
Bosch Ltd.		147		41,719
Ceat Ltd.		799		25,502
Cheng Shin Rubber Industry Co. Ltd.		52,000		75,509
CIE Automotive India Ltd.		1,715		10,025
Cub Elecparts, Inc.		3,269		13,525
Depo Auto Parts Ind Co. Ltd.		58,048		277,262
DN Automotive Corp.		1,612		104,717
Endurance Technologies Ltd.(a)		350		8,873
Exide Industries Ltd.		8,526		34,389
Fuyao Glass Industry Group Co. Ltd., Class A		4,800		25,479
Fuyao Glass Industry Group Co. Ltd., Class H(a)		8,400		37,931
Hankook & Co. Co Ltd.*		907		11,254
Hankook Tire & Technology Co. Ltd.*		2,184		83,946
Hanon Systems		2,756		12,844
HL Mando Co. Ltd.		1,045		27,561
Hota Industrial Manufacturing Co. Ltd.		12,134		20,353
Hu Lane Associate, Inc.		2,544		12,192
Huayu Automotive Systems Co. Ltd., Class A		9,400		21,263
Hyundai Mobis Co. Ltd.		1,872		294,549
Hyundai Wia Corp.*		583		25,466
Iljin Hysolus Co. Ltd.*		383		6,557
JBM Auto Ltd.		784		18,095
JK Tyre & Industries Ltd.		46,696		296,251
Kordsa Teknik Tekstil A/S		5,328		14,609
Kumho Tire Co., Inc.*		5,635		24,868
Mahle Metal Leve SA		20,800		143,294
Minda Corp. Ltd.		3,724		18,498
Minth Group Ltd.		22,000		35,629
Motherson Sumi Wiring India Ltd.		30,126		23,598
MRF Ltd.		52		89,279
Myoung Shin Industrial Co. Ltd.*		12,844		159,269
Nan Kang Rubber Tire Co. Ltd.*		14,000		18,652
Nexen Tire Corp.*		13,847		83,934
Nexteer Automotive Group Ltd.(b)		416,000		187,851
Ningbo Tuopu Group Co. Ltd., Class A		3,100		21,045
Samvardhana Motherson International Ltd.		41,560		56,677
Sebang Global Battery Co. Ltd.*		2,340		101,339
SL Corp.*		550		13,228
SNT Motiv Co. Ltd.		3,640		121,092
Sona Blw Precision Forgings Ltd.(a)		5,145		38,301
Sri Trang Agro-Industry PCL, NVDR		338,000		164,820
Sundram Fasteners Ltd.		1,504		22,080
Sungwoo Hitech Co. Ltd.*		19,708		122,561
Tianneng Power International Ltd.(b)		312,000		241,865


Investments	Shares		Value ($)
Tong Yang Industry Co. Ltd.		9,072		24,724
Tube Investments of India Ltd.		1,820		85,430
Tung Thih Electronic Co. Ltd.		2,872		11,929
TVS Holdings Ltd.		2,912		280,592
TYC Brother Industrial Co. Ltd.		91,577		115,278
UNO Minda Ltd.		4,931		40,977
Weifu High-Technology Group Co. Ltd., Class A		4,700		10,540
ZF Commercial Vehicle Control Systems India Ltd.		96		18,885

				4,030,726

Automobiles - 1.9%
Bajaj Auto Ltd.		1,352		124,832
Brilliance China Automotive Holdings Ltd.(b)		106,000		56,680
BYD Co. Ltd., Class A		700		16,646
BYD Co. Ltd., Class H(b)		16,500		367,898
China Motor Corp.		7,000		25,607
Chongqing Changan Automobile Co. Ltd., Class A		17,108		30,501
Chongqing Changan Automobile Co. Ltd., Class B		4,890		2,502
Dongfeng Motor Group Co. Ltd., Class H		1,040,000		401,778
DRB-Hicom Bhd.		384,800		109,827
Eicher Motors Ltd.		2,620		121,138
Ford Otomotiv Sanayi A/S		1,916		55,692
Geely Automobile Holdings Ltd.		156,000		147,274
Great Wall Motor Co. Ltd., Class A		4,700		13,374
Great Wall Motor Co. Ltd., Class H(b)		32,500		31,971
Guangzhou Automobile Group Co. Ltd., Class A		13,500		15,419
Guangzhou Automobile Group Co. Ltd., Class H		104,000		41,109
Hero MotoCorp Ltd.		2,236		124,438
Hyundai Motor Co.		4,264		621,717
Hyundai Motor Co. (2nd Preference)		988		87,574
Hyundai Motor Co. (3rd Preference)		104		9,210
Hyundai Motor Co. (Preference)		689		61,020
Kia Corp.*		7,280		561,280
Li Auto, Inc., Class A*		16,400		222,380
Mahindra & Mahindra Ltd.		16,744		333,000
Maruti Suzuki India Ltd.		2,340		287,046
NIO, Inc., Class A*(b)		24,440		137,875
Oriental Holdings Bhd.		8,500		11,501
SAIC Motor Corp. Ltd., Class A		26,000		49,505
Sanyang Motor Co. Ltd.		10,824		24,415
Seres Group Co. Ltd., Class A*		100		791
Tata Motors Ltd.		29,276		311,713
Tata Motors Ltd., Class A		8,914		62,687
Tofas Turk Otomobil Fabrikasi A/S		3,233		26,253
TVS Motor Co. Ltd.		3,706		89,314
XPeng, Inc., Class A*(b)		20,800		86,076
Yadea Group Holdings Ltd.(a)		16,000		21,859
Yulon Motor Co. Ltd.		18,120		40,235


Investments	Shares		Value ($)
Zhejiang Leapmotor Technology Co. Ltd.*(a)(b)		15,800		42,748

				4,774,885

Banks - 14.5%
Absa Group Ltd.		25,324		223,030
Abu Dhabi Commercial Bank PJSC		84,396		206,799
Abu Dhabi Islamic Bank PJSC		44,200		134,780
AFFIN Bank Bhd.		6,973		3,877
Agricultural Bank of China Ltd., Class A		395,200		214,126
Agricultural Bank of China Ltd., Class H		807,000		311,764
Ajman Bank PJSC*		39,120		21,834
Akbank TAS, ADR(b)		41,353		111,240
Al Ahli Bank of Kuwait KSCP		12,693		10,399
Al Rajhi Bank		33,228		744,287
Alinma Bank		16,779		185,459
Alliance Bank Malaysia Bhd.		27,600		20,014
Alpha Services and Holdings SA*		66,872		119,856
AMMB Holdings Bhd.		57,200		51,274
AU Small Finance Bank Ltd.(a)		5,304		40,660
Axis Bank Ltd.		38,168		490,752
BAC Holding International Corp.		98,352		6,412
Banco BBVA Peru SA		120,120		50,847
Banco Bradesco SA		48,300		133,724
Banco Bradesco SA (Preference)		150,800		468,475
Banco de Bogota SA		3,242		26,360
Banco de Chile		1,267,032		141,722
Banco de Credito e Inversiones SA		2,301		60,782
Banco del Bajio SA(a)		20,800		79,298
Banco do Brasil SA		26,000		297,039
Banco do Estado do Rio Grande do Sul SA (Preference), Class B		88,400		263,889
Banco Itau Chile SA		768		7,185
Banco Santander Chile		2,007,356		92,612
Bancolombia SA		9,360		78,400
Bancolombia SA (Preference)		14,587		114,425
Bandhan Bank Ltd.(a)		11,877		32,752
Bangkok Bank PCL, NVDR		20,800		82,666
Bank Aladin Syariah Tbk. PT*		279,300		18,585
Bank AlBilad		8,874		105,539
Bank Al-Jazira*		6,066		32,642
Bank BTPN Syariah Tbk. PT		1,050,400		105,839
Bank Central Asia Tbk. PT		925,600		560,170
Bank Ina Perdana PT*		86,400		23,106
Bank Islam Malaysia Bhd.		44,100		20,885
Bank Jago Tbk. PT*		144,000		29,293
Bank Mandiri Persero Tbk. PT		1,068,880		450,447
Bank Negara Indonesia Persero Tbk. PT		457,600		166,743
Bank OCBC Nisp Tbk. PT		1,518,400		119,798
Bank of Baroda		33,636		100,288
Bank of Beijing Co. Ltd., Class A		74,200		52,708
Bank of Changsha Co. Ltd., Class A		9,400		9,374
Bank of Chengdu Co. Ltd., Class A		10,600		18,499
Bank of China Ltd., Class H		2,288,000		860,497


Investments	Shares		Value ($)
Bank of Chongqing Co. Ltd., Class A		14,700		14,128
Bank of Communications Co. Ltd., Class A		108,100		90,340
Bank of Communications Co. Ltd., Class H		195,000		115,245
Bank of Hangzhou Co. Ltd., Class A		18,800		28,568
Bank of India		21,338		35,703
Bank of Jiangsu Co. Ltd., Class A		41,780		42,597
Bank of Nanjing Co. Ltd., Class A		31,200		36,069
Bank of Ningbo Co. Ltd., Class A		17,250		51,681
Bank of Qingdao Co. Ltd., Class H(a)		23,500		5,892
Bank of Shanghai Co. Ltd., Class A		45,000		40,114
Bank of the Philippine Islands		33,734		66,276
Bank of Xi’an Co. Ltd., Class A		4,900		2,320
Bank of Zhengzhou Co. Ltd., Class A*		19,239		5,359
Bank Pan Indonesia Tbk. PT*		71,500		4,984
Bank Rakyat Indonesia Persero Tbk. PT		1,076,400		388,814
Bank Tabungan Negara Persero Tbk. PT		2,537,624		209,861
Banque Saudi Fransi		17,836		190,246
BDO Unibank, Inc.		36,400		93,756
BNK Financial Group, Inc.		8,892		50,168
BOC Hong Kong Holdings Ltd.(b)		104,000		249,049
Boubyan Bank KSCP		22,412		44,737
Burgan Bank SAK		31,504		19,664
Canara Bank		10,333		59,974
Capitec Bank Holdings Ltd.		1,716		184,344
Chang Hwa Commercial Bank Ltd.		123,791		69,213
China Banking Corp.		44,100		24,755
China Bohai Bank Co. Ltd., Class H*(a)		1,170,000		158,649
China CITIC Bank Corp. Ltd., Class H		260,000		128,715
China Construction Bank Corp., Class A		28,200		26,945
China Construction Bank Corp., Class H		2,860,000		1,697,579
China Everbright Bank Co. Ltd., Class A		124,800		54,756
China Everbright Bank Co. Ltd., Class H		53,000		15,729
China Merchants Bank Co. Ltd., Class A		46,800		200,184
China Merchants Bank Co. Ltd., Class H		104,000		379,827
China Minsheng Banking Corp. Ltd., Class A		88,400		48,635
China Minsheng Banking Corp. Ltd., Class H(b)		156,000		51,885
China Zheshang Bank Co. Ltd., Class A		61,100		22,893
China Zheshang Bank Co. Ltd., Class H		107,900		28,572


Investments	Shares		Value ($)
Chongqing Rural Commercial Bank Co. Ltd., Class A		18,800		11,338
Chongqing Rural Commercial Bank Co. Ltd., Class H		47,000		18,278
CIMB Group Holdings Bhd.		244,340		321,826
City Union Bank Ltd.		19,584		34,171
CNPC Capital Co. Ltd., Class A		28,800		24,670
Commercial Bank of Dubai PSC		31,564		42,968
Commercial Bank PSQC (The)		96,876		139,687
Commercial International Bank - Egypt (CIB)		66,315		189,073
Commercial International Bank - Egypt (CIB) (Registered), GDR(a)		400		472
Credicorp Ltd.		1,976		293,298
Credit Agricole Egypt SAE*		204,432		158,782
Credit Bank of Moscow PJSC*‡		229,590		—
CTBC Financial Holding Co. Ltd.		572,000		519,925
DGB Financial Group, Inc.*		5,243		35,395
Doha Bank QPSC		1,058,564		495,411
Dubai Islamic Bank PJSC		89,596		154,167
Dukhan Bank		44,408		47,799
E.Sun Financial Holding Co. Ltd.		260,000		205,594
Emirates NBD Bank PJSC		71,604		345,061
Equitas Small Finance Bank Ltd.(a)		23,177		28,956
Eurobank Ergasias Services and Holdings SA*		70,876		137,579
Faisal Islamic Bank of Egypt		67,392		66,449
Far Eastern International Bank		111,625		43,509
Federal Bank Ltd.		32,286		57,268
First Abu Dhabi Bank PJSC		73,684		293,697
First Financial Holding Co. Ltd.		170,208		144,652
Grupo Aval Acciones y Valores SA (Preference)		116,179		15,298
Grupo Bolivar SA		19,656		311,591
Grupo Elektra SAB de CV(b)		1,040		69,839
Grupo Financiero Banorte SAB de CV, Class O		84,112		857,305
Grupo Financiero Inbursa SAB de CV, Class O*(b)		30,446		90,139
Grupo Security SA		771,732		230,553
Gulf Bank KSCP		53,836		50,756
Haci Omer Sabanci Holding A/S		33,378		79,859
Hana Financial Group, Inc.		8,840		316,601
HDFC Bank Ltd.		94,900		1,671,360
Hong Leong Bank Bhd.		20,800		84,431
Hong Leong Financial Group Bhd.		4,900		17,010
Hua Nan Financial Holdings Co. Ltd.		170,065		117,363
Huaxia Bank Co. Ltd., Class A		47,000		39,671
ICICI Bank Ltd.		88,816		1,099,615
IDFC First Bank Ltd.*		49,660		50,441
Indian Bank		8,041		48,303
IndusInd Bank Ltd.		10,105		186,668
Industrial & Commercial Bank of China Ltd., Class A		270,400		194,715
Industrial & Commercial Bank of China Ltd., Class H(b)		2,132,000		1,041,829
Industrial Bank Co. Ltd., Class A		57,200		125,322
Industrial Bank of Korea*		7,904		74,145


Investments	Shares		Value ($)
Intercorp Financial Services, Inc.(a)		1,040		24,440
Itau Unibanco Holding SA (Preference)		140,400		931,435
Itausa SA		32,893		66,437
Itausa SA (Preference)		160,365		324,553
Jammu & Kashmir Bank Ltd. (The)		169,312		274,121
JB Financial Group Co. Ltd.		3,370		28,886
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A		6,700		6,411
KakaoBank Corp.*		5,564		113,811
Karnataka Bank Ltd. (The)		76,128		233,260
Karur Vysya Bank Ltd. (The)		265,928		635,169
Kasikornbank PCL, NVDR		35,800		121,091
KB Financial Group, Inc.		11,232		476,328
Kiatnakin Phatra Bank PCL, NVDR		9,800		13,466
King’s Town Bank Co. Ltd.		24,000		31,247
Komercni Banka A/S		2,288		75,371
Kotak Mahindra Bank Ltd.		18,408		404,596
Krung Thai Bank PCL, NVDR		119,000		53,332
Kuwait Finance House KSCP		169,156		424,540
Kuwait International Bank KSCP		38,492		20,272
Kuwait Projects Co. Holding KSCP*		56,513		20,026
Malayan Banking Bhd.		213,200		417,385
Malaysia Building Society Bhd.		14,100		2,191
Masraf Al Rayan QSC		92,768		59,875
Mega Financial Holding Co. Ltd.		211,796		254,768
Metropolitan Bank & Trust Co.		46,800		47,469
Moneta Money Bank A/S(a)		10,400		44,923
National Bank of Greece SA*		16,432		125,480
National Bank of Kuwait SAKP		134,004		426,931
Nedbank Group Ltd.		13,572		158,716
O-Bank Co. Ltd.		47,000		14,145
Optima bank SA*(b)		26,676		212,690
OTP Bank Nyrt.		6,500		302,672
Ping An Bank Co. Ltd., Class A		49,800		65,618
Piraeus Financial Holdings SA*		16,958		69,077
Postal Savings Bank of China Co. Ltd., Class A		72,800		47,962
Postal Savings Bank of China Co. Ltd., Class H(a)(b)		245,000		117,529
Public Bank Bhd.		436,800		405,402
Punjab National Bank		65,483		90,209
Qatar International Islamic Bank QSC		15,808		45,327
Qatar Islamic Bank SAQ		52,104		279,052
Qatar National Bank QPSC		128,128		545,802
Qingdao Rural Commercial Bank Corp., Class A*		18,800		6,834
RBL Bank Ltd.(a)		199,992		627,475
Regional SAB de CV		5,300		49,296
RHB Bank Bhd.		109,200		129,285
Riyad Bank		42,692		323,312
Saudi Awwal Bank		16,484		158,022
Saudi Investment Bank (The)		14,924		62,082
Saudi National Bank (The)		84,864		918,770
Sberbank of Russia PJSC‡		369,050		—


Investments	Shares		Value ($)
Sberbank of Russia PJSC (Preference)‡		39,708		—
SCB X PCL, NVDR		25,400		74,458
Security Bank Corp.		135,200		170,516
Shanghai Commercial & Savings Bank Ltd. (The)		79,888		113,070
Shanghai Pudong Development Bank Co. Ltd., Class A		78,000		74,202
Shanghai Rural Commercial Bank Co. Ltd., Class A		38,400		33,803
Sharjah Islamic Bank		571,740		365,807
Shinhan Financial Group Co. Ltd.		14,144		432,909
SinoPac Financial Holdings Co. Ltd.		364,000		223,288
Standard Bank Group Ltd.		39,504		424,251
State Bank of India		51,896		400,264
Taichung Commercial Bank Co. Ltd.		54,149		27,161
Taishin Financial Holding Co. Ltd.		347,568		190,444
Taiwan Business Bank		163,728		69,834
Taiwan Cooperative Financial Holding Co. Ltd.		163,350		132,822
Tamilnad Mercantile Bank Ltd.		55,900		339,868
Thanachart Capital PCL, NVDR		19,300		27,608
Tisco Financial Group PCL, NVDR		9,300		25,952
TMBThanachart Bank PCL, NVDR		1,367,700		69,007
Turkiye Garanti Bankasi A/S		13,849		28,981
Turkiye Is Bankasi A/S, Class C		104,468		88,273
Ujjivan Small Finance Bank Ltd.(a)		17,904		11,933
Union Bank of India Ltd.		47,320		79,689
Union Bank of Taiwan		52,500		23,734
Union Bank of the Philippines		27,432		21,782
VTB Bank PJSC*‡		136,511,531		—
Warba Bank KSCP		13,740		8,442
Woori Financial Group, Inc.		18,512		192,520
Yapi ve Kredi Bankasi A/S		84,305		60,678
Yes Bank Ltd.*		338,572		98,256

				37,118,860

Beverages - 1.1%
Ambev SA		72,800		192,715
Anadolu Efes Biracilik ve Malt Sanayii A/S, Class B		5,350		24,825
Anhui Gujing Distillery Co. Ltd., Class A		700		19,414
Anhui Gujing Distillery Co. Ltd., Class B		2,200		28,430
Anhui Kouzi Distillery Co. Ltd., Class A		5,000		27,112
Arca Continental SAB de CV		10,400		118,414
Becle SAB de CV(b)		4,700		8,773
Beijing Shunxin Agriculture Co. Ltd., Class A*		6,800		15,836
Carabao Group PCL, NVDR		4,600		9,757
Carlsberg Brewery Malaysia Bhd.		4,900		19,931
China Foods Ltd.		312,000		115,345
China Resources Beer Holdings Co. Ltd.		23,107		83,209


Investments	Shares		Value ($)
Chongqing Brewery Co. Ltd., Class A		600		4,645
Cia Cervecerias Unidas SA		2,156		13,046
Coca-Cola Femsa SAB de CV		10,400		99,219
Coca-Cola Icecek A/S		1,836		32,371
Embotelladora Andina SA (Preference), Class B		12,864		32,697
Emperador, Inc.		28,200		10,294
Fomento Economico Mexicano SAB de CV		26,912		365,757
Fraser & Neave Holdings Bhd.		4,700		27,524
Ginebra San Miguel, Inc.		30,680		89,596
Guangzhou Zhujiang Brewery Co. Ltd., Class A		17,800		18,223
Hebei Hengshui Laobaigan Liquor Co. Ltd., Class A		2,300		5,606
Heineken Malaysia Bhd.		5,100		25,985
Hite Jinro Co. Ltd.*		432		6,797
Jiangsu King’s Luck Brewery JSC Ltd., Class A		4,100		25,247
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		2,900		36,882
JiuGui Liquor Co. Ltd., Class A		500		4,323
Kweichow Moutai Co. Ltd., Class A		1,500		335,309
Lotte Chilsung Beverage Co. Ltd.		47		4,832
Luzhou Laojiao Co. Ltd., Class A		1,200		24,536
Nongfu Spring Co. Ltd., Class H(a)		31,800		172,277
Osotspa PCL, NVDR		31,700		18,585
Radico Khaitan Ltd.		1,344		26,929
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		1,060		29,545
Sichuan Swellfun Co. Ltd., Class A		2,900		19,279
Tsingtao Brewery Co. Ltd., Class A		1,100		10,673
Tsingtao Brewery Co. Ltd., Class H		10,000		56,989
United Breweries Ltd.		1,379		30,025
United Spirits Ltd.		5,928		77,791
Varun Beverages Ltd.		7,904		121,867
Vina Concha y Toro SA		210,652		225,263
Wuliangye Yibin Co. Ltd., Class A		5,200		91,476
Yantai Changyu Pioneer Wine Co. Ltd., Class A		5,800		17,304
ZJLD Group, Inc.*(a)		9,800		9,879

				2,734,532

Biotechnology - 0.5%
3SBio, Inc.(a)		52,000		39,047
ABLBio, Inc.*		1,585		26,127
Adimmune Corp.*		11,376		11,104
Akeso, Inc.*(a)(b)		7,000		35,505
Alteogen, Inc.*		384		22,240
Ascentage Pharma Group International*(a)		9,600		28,245
BeiGene Ltd.*		14,500		167,959
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A		1,421		10,686
Biocon Ltd.		6,644		21,474
Bioneer Corp.*		392		7,401


Investments	Shares		Value ($)
Bloomage Biotechnology Corp. Ltd., Class A		611		4,753
CanSino Biologics, Inc., Class A*		318		2,298
CanSino Biologics, Inc., Class H*(a)		800		1,662
Celltrion, Inc.		2,467		332,162
Daan Gene Co. Ltd., Class A		4,700		4,877
Ever Supreme Bio Technology Co. Ltd.		2,480		15,411
Green Cross Corp.*		163		13,202
Green Cross Holdings Corp.*		13,104		145,115
Hugel, Inc.*		204		23,233
Innovent Biologics, Inc.*(a)		26,000		104,768
Keymed Biosciences, Inc.*(a)(b)		3,000		11,858
L&C Bio Co. Ltd.		605		10,721
Medigen Vaccine Biologics Corp.*		11,148		21,442
Medytox, Inc.		48		6,934
Naturecell Co. Ltd.*		1,833		10,520
PharmaEngine, Inc.		6,816		23,083
PharmaEssentia Corp.*		4,000		40,256
PharmaResearch Co. Ltd.*		96		7,574
Remegen Co. Ltd., Class A*		245		1,307
Seegene, Inc.		637		12,075
Shanghai Junshi Biosciences Co. Ltd., Class A*		1,113		4,342
Shanghai Junshi Biosciences Co. Ltd., Class H*(a)		10,000		15,581
Shanghai RAAS Blood Products Co. Ltd., Class A		9,400		8,419
SillaJen, Inc.*		4,263		16,002
SK Bioscience Co. Ltd.*		468		22,267
TaiMed Biologics, Inc.*		6,192		17,013
Voronoi, Inc.*		384		9,883
Zai Lab Ltd.*		9,800		21,111

				1,277,657

Broadline Retail - 3.1%
Alibaba Group Holding Ltd.		520,000		4,626,435
Bukalapak.com PT Tbk.*		1,494,300		18,182
Central Retail Corp. PCL, NVDR		56,475		52,929
Easyhome New Retail Group Co. Ltd., Class A		14,400		5,676
El Puerto de Liverpool SAB de CV, Class C1		8,973		63,162
Falabella SA*		22,840		54,155
Far Eastern Department Stores Ltd.		21,120		16,768
Global Digital Niaga Tbk. PT*		387,100		11,775
GoTo Gojek Tokopedia Tbk. PT, Class A*		15,256,800		85,082
Hyundai Department Store Co. Ltd.*		224		9,029
Hyundai Home Shopping Network Corp.*		2,161		72,214
JD.com, Inc., Class A		72,800		808,346
Lotte Shopping Co. Ltd.*		245		15,089
Magazine Luiza SA*		52,300		22,228
MINISO Group Holding Ltd., ADR(b)		1,632		27,679
Mitra Adiperkasa Tbk. PT		171,500		21,247


Investments	Shares		Value ($)
momo.com, Inc.		1,716		23,904
Naspers Ltd., Class N		3,120		526,282
PDD Holdings, Inc., ADR*		10,712		1,359,031
Poya International Co. Ltd.		1,008		16,650
Shinsegae, Inc.*		306		39,527
Shoppers Stop Ltd.*		1,421		12,904
Vipshop Holdings Ltd., ADR*(b)		7,748		123,116
Woolworths Holdings Ltd.		13,832		51,591
Zhejiang China Commodities City Group Co. Ltd., Class A		5,500		5,700

				8,068,701

Building Products - 0.2%
Astral Ltd.		2,449		53,979
Beijing New Building Materials plc, Class A		10,000		37,203
Blue Star Ltd.		2,592		35,566
Cera Sanitaryware Ltd.		312		31,010
China Lesso Group Holdings Ltd.		33,000		14,564
Kajaria Ceramics Ltd.		1,150		19,166
KCC Glass Corp.		4,732		141,465
Kyung Dong Navien Co. Ltd.*		240		8,452
Prince Pipes & Fittings Ltd.*		1,960		16,771
Qua Granite Hayal*		399,568		53,067
Taiwan Glass Industry Corp.*		37,152		21,366
Xinyi Glass Holdings Ltd.(b)		47,975		39,584
Xxentria Technology Materials Corp.		65,488		150,855
Zhuzhou Kibing Group Co. Ltd., Class A		5,300		4,326

				627,374

Capital Markets - 2.1%
360 ONE WAM Ltd.		4,560		34,047
Anand Rathi Wealth Ltd.		768		28,283
Angel One Ltd.		867		34,300
B3 SA - Brasil Bolsa Balcao		98,800		261,742
Banco BTG Pactual SA		20,800		151,629
Bangkok Commercial Asset Management PCL, NVDR		732,500		163,110
Bengal & Assam Co. Ltd.		1,976		222,601
Beyond Securities PCL, NVDR*		37,500		4,461
Bolsa Mexicana de Valores SAB de CV		19,200		38,980
Boursa Kuwait Securities Co. KPSC		1,296		8,553
Bursa Malaysia Bhd.		8,000		12,685
Caitong Securities Co. Ltd., Class A		12,220		12,646
Capital Securities Corp.		49,000		25,205
Changjiang Securities Co. Ltd., Class A		14,100		9,682
China Bills Finance Corp.		21,312		10,009
China Cinda Asset Management Co. Ltd., Class H		4,108,000		394,128
China CITIC Financial Asset Management Co. Ltd., Class H*(a)(b)		423,000		18,127
China Everbright Ltd.		312,000		160,046


Investments	Shares		Value ($)
China Galaxy Securities Co. Ltd., Class A		5,200		8,423
China Galaxy Securities Co. Ltd., Class H		38,000		18,618
China International Capital Corp. Ltd., Class A		5,000		22,508
China International Capital Corp. Ltd., Class H(a)		19,600		23,242
China Merchants Securities Co. Ltd., Class A		21,220		39,517
China Merchants Securities Co. Ltd., Class H(a)		16,600		12,401
CITIC Securities Co. Ltd., Class A		31,200		89,086
CITIC Securities Co. Ltd., Class H(b)		52,000		101,376
Coronation Fund Managers Ltd.		105,196		176,243
CRISIL Ltd.		624		30,773
CSC Financial Co. Ltd., Class A		10,900		33,947
CSC Financial Co. Ltd., Class H(a)(b)		358,000		272,487
Daishin Securities Co. Ltd.*		11,960		138,360
Daishin Securities Co. Ltd. (Preference)*		8,684		91,613
Daou Technology, Inc.*		9,984		149,163
Dubai Financial Market PJSC		33,628		12,452
EFG Holding S.A.E.*		453,780		265,806
Egypt Kuwait Holding Co. SAE		27,716		21,896
Everbright Securities Co. Ltd., Class A		4,700		10,239
GF Securities Co. Ltd., Class A		14,100		26,906
GF Securities Co. Ltd., Class H		28,800		28,884
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A		11,664		9,293
Guosen Securities Co. Ltd., Class A		24,000		26,843
Guotai Junan Securities Co. Ltd., Class A		20,800		42,327
Guotai Junan Securities Co. Ltd., Class H(a)		21,200		23,540
Haitong Securities Co. Ltd., Class A		18,800		23,017
Haitong Securities Co. Ltd., Class H(b)		83,200		38,315
Hanwha Investment & Securities Co. Ltd.*		53,352		149,105
HDFC Asset Management Co. Ltd.(a)		1,664		71,765
Huatai Securities Co. Ltd., Class A		14,400		27,558
Huatai Securities Co. Ltd., Class H(a)		52,000		61,265
IBF Financial Holdings Co. Ltd.*		56,381		21,526
ICICI Securities Ltd.(a)		1,880		18,575
IDFC Ltd.		39,000		56,098
Indian Energy Exchange Ltd.(a)		16,732		29,739
Industrial Securities Co. Ltd., Class A		34,450		26,151
Investec Ltd.		4,353		28,999
Is Yatirim Menkul Degerler A/S		14,639		16,692
JM Financial Ltd.		208,000		280,527
KIWOOM Securities Co. Ltd.*		392		28,402


Investments	Shares		Value ($)
Korea Investment Holdings Co. Ltd.*		1,144		52,629
Minmetals Capital Co. Ltd., Class A		14,400		10,169
Mirae Asset Securities Co. Ltd.*		7,772		45,829
Mirae Asset Securities Co. Ltd. (Preference)*		5,733		16,022
Moscow Exchange MICEX-RTS PJSC‡		29,911		—
Motilal Oswal Financial Services Ltd.		768		16,539
Multi Commodity Exchange of India Ltd.		912		37,494
NH Investment & Securities Co. Ltd.*		5,921		46,937
Ninety One Ltd.		104,208		232,523
Nippon Life India Asset Management Ltd.(a)		2,736		17,289
Norte Grande SA		1,265,334		11,540
Orient Securities Co. Ltd., Class A		12,032		13,860
Orient Securities Co. Ltd., Class H(a)		20,400		7,933
Oyak Yatirim Menkul Degerler A/S*		40,092		58,029
Pacific Strategic Financial Tbk. PT*		448,500		35,101
Pihsiang Machinery Manufacturing Co. Ltd.*‡		5,000		—
President Securities Corp.		15,000		9,034
PSG Financial Services Ltd.		36,144		30,627
Reinet Investments SCA		3,848		97,084
Samsung Securities Co. Ltd.		2,132		60,143
Saratoga Investama Sedaya Tbk. PT		27,500		2,632
Saudi Tadawul Group Holding Co.		843		46,577
SDIC Capital Co. Ltd., Class A		19,200		17,864
Shenwan Hongyuan Group Co. Ltd., Class A		47,900		29,155
Shenwan Hongyuan Group Co. Ltd., Class H(a)		78,400		13,539
Shinyoung Securities Co. Ltd.		1,716		79,587
Sociedad de Inversiones Oro Blanco SA		15,274,605		106,526
SPIC Industry-Finance Holdings Co. Ltd., Class A		10,000		5,279
Tata Investment Corp. Ltd.		240		16,287
UTI Asset Management Co. Ltd.		3,250		36,373
Western Securities Co. Ltd., Class A		10,000		8,301
Yuanta Securities Korea Co. Ltd.*		1,392		2,597
Zheshang Securities Co. Ltd., Class A		4,700		6,317

				5,313,727

Chemicals - 4.1%
Aarti Industries Ltd.		2,880		22,858
Abou Kir Fertilizers & Chemical Industries		9,849		30,883
Advanced Nano Products Co. Ltd.*		147		10,529


Investments	Shares		Value ($)
Advanced Petrochemical Co.		2,025		20,546
AECI Ltd.		47,736		259,948
Akzo Nobel India Ltd.		539		16,955
Alkyl Amines Chemicals		220		6,307
Allied Supreme Corp.		2,352		24,572
Alpek SAB de CV, Class A(b)		167,264		113,356
Anupam Rasayan India Ltd.		980		11,203
Archean Chemical Industries Ltd.		2,352		17,942
Asia Polymer Corp.		156,000		110,896
Asian Paints Ltd.		12,428		442,660
Atul Ltd.		408		31,597
Avia Avian Tbk. PT		277,300		10,192
Balaji Amines Ltd.		1,150		33,771
Barito Pacific Tbk. PT		515,998		34,661
Batu Kawan Bhd.		10,000		42,875
Bayer CropScience Ltd.		141		10,191
Berger Paints India Ltd.		6,526		44,412
Boubyan Petrochemicals Co. KSCP		7,344		14,206
Braskem SA (Preference), Class A*		4,900		17,662
Carborundum Universal Ltd.		2,499		33,844
Castrol India Ltd.		18,650		44,175
Chambal Fertilisers and Chemicals Ltd.		103,792		458,506
Chemplast Sanmar Ltd.*		2,585		15,356
Chengxin Lithium Group Co. Ltd., Class A		4,900		13,841
China General Plastics Corp.		172,176		113,044
China Hainan Rubber Industry Group Co. Ltd., Class A*		9,600		5,496
China Lumena New Materials Corp.*‡		22,200		—
China Petrochemical Development Corp.*		51,168		15,416
China Risun Group Ltd.(a)(b)		49,000		19,243
Chunbo Co. Ltd.*		47		2,930
Clean Science & Technology Ltd.		1,708		30,719
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A		7,975		4,221
Coromandel International Ltd.		1,898		23,996
Cosmochemical Co. Ltd.*		583		12,537
D&L Industries, Inc.		4,900		554
Deepak Fertilisers & Petrochemicals Corp. Ltd.		29,172		217,147
Deepak Nitrite Ltd.		1,105		30,683
DL Holdings Co. Ltd.*		397		16,687
Dongjin Semichem Co. Ltd.*		725		20,995
Dongyue Group Ltd.		48,000		32,175
Eastern Polymer Group PCL, NVDR		63,600		13,624
EID Parry India Ltd.		3,871		29,122
Enchem Co. Ltd.*		235		28,788
Eternal Materials Co. Ltd.		27,550		25,262
Fertiglobe plc		27,552		20,929
Fine Organic Industries Ltd.		343		19,511
Finolex Industries Ltd.		9,600		25,704
Foosung Co. Ltd.*		1,768		11,008
Formosa Chemicals & Fibre Corp.		71,000		128,392
Formosa Plastics Corp.		85,861		197,785
Fufeng Group Ltd.(b)		624,000		338,451


Investments	Shares		Value ($)
Ganfeng Lithium Group Co. Ltd., Class A		5,180		24,552
Ganfeng Lithium Group Co. Ltd., Class H(a)(b)		9,680		25,880
Grand Pacific Petrochemical		55,115		25,357
Guangzhou Tinci Materials Technology Co. Ltd., Class A		5,000		13,009
Gubre Fabrikalari TAS*		833		3,997
Gujarat Fluorochemicals Ltd.		715		31,720
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		40,612		367,321
Han Kuk Carbon Co. Ltd.*		1,470		11,774
Hangzhou Oxygen Plant Group Co. Ltd., Class A		5,200		17,238
Hansol Chemical Co. Ltd.*		141		21,129
Hanwha Solutions Corp.*		2,964		74,064
Hektas Ticaret TAS*		42,672		25,060
Hengli Petrochemical Co. Ltd., Class A*		14,100		23,096
Hengyi Petrochemical Co. Ltd., Class A*		14,100		12,235
Himadri Speciality Chemical Ltd.		8,256		37,217
Hoshine Silicon Industry Co. Ltd., Class A		4,600		28,063
Huabao International Holdings Ltd.(b)		17,000		4,741
Huafon Chemical Co. Ltd., Class A		14,400		12,255
Hyosung Advanced Materials Corp.*		100		24,463
Hyosung TNC Corp.*		98		22,102
Indorama Ventures PCL, NVDR		43,200		28,737
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		23,500		11,653
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A		14,100		10,252
International CSRC Investment Holdings Co.		48,000		28,831
Jiangsu Eastern Shenghong Co. Ltd., Class A		11,000		15,153
Jinan Acetate Chemical Co. Ltd.		714		19,208
Jubilant Ingrevia Ltd.		2,701		14,239
Kansai Nerolac Paints Ltd.		3,294		13,556
KCC Corp.		153		28,258
Kimteks Poliuretan Sanayi ve Ticaret A/S		35,360		76,794
Kolon Industries, Inc.*		674		20,604
Korea Petrochemical Ind Co. Ltd.*		144		14,350
KuibyshevAzot PJSC‡		9,900		—
Kum Yang Co. Ltd.*		608		35,578
Kumho Petrochemical Co. Ltd.*		468		43,762
Lake Materials Co. Ltd.*		1,715		19,622
Laxmi Organic Industries Ltd.(a)		2,107		6,848
LB Group Co. Ltd., Class A		4,700		10,533
Levima Advanced Materials Corp., Class A		4,800		9,601
LG Chem Ltd.		1,404		457,077
LG Chem Ltd. (Preference)		208		42,390
Linde India Ltd.		282		18,990


Investments	Shares		Value ($)
Lotte Chemical Corp.*		617		60,422
Lotte Chemical Titan Holding Bhd.*(a)		260,000		65,962
LOTTE Fine Chemical Co. Ltd.*		397		14,798
Luxi Chemical Group Co. Ltd., Class A		6,500		8,365
Mesaieed Petrochemical Holding Co.		122,772		56,648
Miwon Commercial Co. Ltd.		780		97,832
Miwon Specialty Chemical Co. Ltd.		520		52,131
MNTech Co. Ltd.*		833		8,407
Nan Pao Resins Chemical Co. Ltd.		44,921		416,925
Nan Ya Plastics Corp.		104,000		202,355
Nantex Industry Co. Ltd.		9,120		10,533
National Industrialization Co.*		5,584		17,422
Navin Fluorine International Ltd.		645		26,544
Ningxia Baofeng Energy Group Co. Ltd., Class A		10,600		19,695
Nizhnekamskneftekhim PJSC‡		28,600		—
Nizhnekamskneftekhim PJSC (Preference)‡		26,400		—
OCI Holdings Co. Ltd.*		414		32,384
Omnia Holdings Ltd.		70,252		244,879
Orbia Advance Corp. SAB de CV(b)		23,344		46,646
Organichesky Sintez PJSC‡		11,550		—
Oriental Union Chemical Corp.		38,000		22,460
PCBL Ltd.		7,440		28,548
Petkim Petrokimya Holding A/S*		38,400		27,486
Petronas Chemicals Group Bhd.		83,200		119,083
PhosAgro PJSC‡		1,540		—
PI Advanced Materials Co. Ltd.*		520		9,098
PI Industries Ltd.		1,314		53,365
Pidilite Industries Ltd.		4,316		131,649
PTT Global Chemical PCL, NVDR		51,400		48,535
Qinghai Salt Lake Industry Co. Ltd., Class A*		20,800		41,545
Rashtriya Chemicals & Fertilizers Ltd.		61,776		136,245
Rongsheng Petrochemical Co. Ltd., Class A		24,000		31,657
SABIC Agri-Nutrients Co.		4,144		141,666
Sahara International Petrochemical Co.		10,704		89,911
Sasa Polyester Sanayi A/S*		15,664		19,874
Sasol Ltd.		16,796		148,293
Satellite Chemical Co. Ltd., Class A*		4,662		8,864
Saudi Aramco Base Oil Co.		784		30,523
Saudi Basic Industries Corp.		14,976		311,093
Saudi Industrial Investment Group		6,346		34,420
Saudi Kayan Petrochemical Co.*		11,808		28,905
Scientex Bhd.		34,300		29,006
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		6,110		20,748
Shanghai Chlor-Alkali Chemical Co. Ltd., Class B		182,000		85,540
Shanghai Putailai New Energy Technology Co. Ltd., Class A		4,060		9,308


Investments	Shares		Value ($)
Shinkong Synthetic Fibers Corp.		665,424		318,898
Sichuan Hebang Biotechnology Co. Ltd., Class A		37,600		11,993
Sichuan Yahua Industrial Group Co. Ltd., Class A		3,600		4,864
Sinofert Holdings Ltd.		742,000		81,630
Sinoma Science & Technology Co. Ltd., Class A		4,700		9,302
Sinon Corp.		156,000		192,386
Sinopec Shanghai Petrochemical Co. Ltd., Class H*(b)		98,000		13,289
SK Chemicals Co. Ltd.		4,524		218,633
SK IE Technology Co. Ltd.*(a)		349		19,403
SKC Co. Ltd.*		294		16,918
Solar Applied Materials Technology Corp.		24,096		30,371
Solar Industries India Ltd.		405		31,492
Soulbrain Co. Ltd.		47		9,526
Soulbrain Holdings Co. Ltd.*		2,028		62,755
SRF Ltd.		2,236		62,605
Sumitomo Chemical India Ltd.		2,585		12,937
Supreme Industries Ltd.		1,276		63,458
Taiwan Fertilizer Co. Ltd.		16,360		35,543
Tata Chemicals Ltd.		2,679		33,165
Tianqi Lithium Corp., Class A		5,500		35,622
Tianqi Lithium Corp., Class H(b)		52,000		229,160
TKG Huchems Co. Ltd.*		8,580		133,395
Tongkun Group Co. Ltd., Class A*		9,400		15,554
TSRC Corp.		15,168		10,710
Unipar Carbocloro SA (Preference), Class B		21,100		300,160
UPC Technology Corp.		393,040		187,733
UPL Ltd.		15,912		103,029
USI Corp.		312,000		182,418
Vinati Organics Ltd.		539		11,251
Wanhua Chemical Group Co. Ltd., Class A		5,200		50,475
Xinjiang Zhongtai Chemical Co. Ltd., Class A		10,600		7,323
Yanbu National Petrochemical Co.		3,456		35,388
Yunnan Energy New Material Co. Ltd., Class A		4,600		27,224
Yunnan Yuntianhua Co. Ltd., Class A		4,700		10,317
Zangge Mining Co. Ltd., Class A		4,700		16,215
Zhejiang Longsheng Group Co. Ltd., Class A		9,600		10,296
Zhejiang Yongtai Technology Co. Ltd., Class A		2,800		3,479

				10,598,359

Commercial Services & Supplies - 0.1%
Beijing GeoEnviron Engineering & Technology, Inc., Class A		30,000		22,313
Catrion Catering Holding Co.		624		19,169
China Everbright Environment Group Ltd.		98,000		34,099
Cleanaway Co. Ltd.		1,000		5,719


Investments	Shares		Value ($)
Dynagreen Environmental Protection Group Co. Ltd., Class H(a)(b)		174,000		50,749
Ecopro HN Co. Ltd.*		561		24,379
Frontken Corp. Bhd.		14,400		10,534
GPS Participacoes e Empreendimentos SA(c)		4,800		18,574
Indian Railway Catering & Tourism Corp. Ltd.		5,356		63,026
ION Exchange India Ltd.		3,312		20,348
KEPCO Plant Service & Engineering Co. Ltd.*		100		2,544
L&K Engineering Co. Ltd.		2,448		13,374
PNB Holdings Corp.*‡		46,815		27,044
S-1 Corp.		347		14,794
Sungeel Hitech Co. Ltd.*		98		6,491
Sunny Friend Environmental Technology Co. Ltd.		622		2,166
Taiwan Secom Co. Ltd.		3,165		11,781
Taiwan Shin Kong Security Co. Ltd.		5,520		7,063
Tuhu Car, Inc., Class A*(a)		9,600		32,175

				386,342

Communications Equipment - 0.3%
Accton Technology Corp.		9,000		152,111
Advanced Ceramic X Corp.		2,000		13,802
Arcadyan Technology Corp.		2,832		15,653
BYD Electronic International Co. Ltd.		11,000		37,641
Hengtong Optic-electric Co. Ltd., Class A		4,700		7,195
Intelbras SA Industria de Telecomunicacao Eletronica Brasileira		4,900		20,776
Intellian Technologies, Inc.*		254		10,505
Lanner Electronics, Inc.		52,000		191,057
LuxNet Corp.		3,840		17,667
Seojin System Co. Ltd.*		11,648		163,202
Sercomm Corp.		6,960		28,908
Tejas Networks Ltd.*(a)		2,202		20,827
Tianjin 712 Communication & Broadcasting Co. Ltd., Class A		5,000		17,278
Wistron NeWeb Corp.		5,357		24,475
ZTE Corp., Class A		4,800		14,682
ZTE Corp., Class H		9,800		17,024

				752,803

Construction & Engineering - 1.5%
Acter Group Corp. Ltd.		52,000		301,538
BES Engineering Corp.		50,496		19,844
CH Karnchang PCL, NVDR		4,900		2,970
China Conch Venture Holdings Ltd.		24,000		18,636
China Energy Engineering Corp. Ltd., Class A		80,000		23,511
China Energy Engineering Corp. Ltd., Class H		198,000		17,477
China Railway Group Ltd., Class A		44,300		38,935
China Railway Group Ltd., Class H		125,000		57,085


Investments	Shares		Value ($)
China Railway Hi-tech Industry Co. Ltd., Class A		19,200		19,923
Continental Holdings Corp.		208,000		180,425
CTCI Corp.		28,984		39,171
Daewoo Engineering & Construction Co. Ltd.*		3,901		11,501
DL E&C Co. Ltd.*		799		24,964
Engineers India Ltd.		9,696		27,304
Enka Insaat ve Sanayi A/S		32,592		40,020
Estithmar Holding QPSC*		30,456		16,529
G R Infraprojects Ltd.*		1,392		20,365
Gamuda Bhd.		34,826		37,182
GEK Terna Holding Real Estate Construction SA		1,470		22,259
GS Engineering & Construction Corp.*		2,450		27,737
Guangdong No. 2 Hydropower Engineering Co. Ltd., Class A		4,900		2,846
HDC Hyundai Development Co-Engineering & Construction, Class E*		16,952		227,864
Hyundai Engineering & Construction Co. Ltd.*		2,418		62,776
IJM Corp. Bhd.		37,600		17,806
IRB Infrastructure Developers Ltd.		48,040		38,238
IRCON International Ltd.(a)		9,792		27,987
IS Dongseo Co. Ltd.*		5,772		110,497
Jeio Co. Ltd.*		931		13,882
Kalpataru Projects International Ltd.		3,479		33,318
KEC International Ltd.		2,064		16,346
KEPCO Engineering & Construction Co., Inc.*		141		6,930
KNR Constructions Ltd.		6,325		21,067
Kontrolmatik Enerji ve Muhendislik A/S		736		5,882
Larsen & Toubro Ltd.		10,936		458,247
Larsen & Toubro Ltd., GDR(a)		296		12,402
Metallurgical Corp. of China Ltd., Class A		42,300		19,089
Metallurgical Corp. of China Ltd., Class H		106,000		20,746
National Marine Dredging Co.*		3,341		27,471
NBCC India Ltd.		25,008		38,983
NCC Ltd.		236,548		613,704
PNC Infratech Ltd.(a)		2,700		14,878
Power Construction Corp. of China Ltd., Class A		66,700		46,730
Praj Industries Ltd.		6,565		39,377
PSG Corp. PCL, NVDR*		300,700		5,255
Rail Vikas Nigam Ltd.(a)		9,261		34,376
Ruentex Engineering & Construction Co.		52,000		196,041
Run Long Construction Co. Ltd.		6,768		22,272
Samsung Engineering Co. Ltd.*		4,316		72,114
Shaanxi Construction Engineering Group Corp. Ltd., Class A		4,900		2,655
Shanghai Construction Group Co. Ltd., Class A		23,500		7,594


Investments	Shares		Value ($)
Shanghai Tunnel Engineering Co. Ltd., Class A		14,100		11,666
Sichuan Road and Bridge Group Co. Ltd., Class A		20,440		22,833
Tekfen Holding A/S		81,536		112,265
United Integrated Services Co. Ltd.		5,504		48,710
Voltas Ltd.		4,297		56,543
Waskita Karya Persero Tbk. PT*‡		173,900		1,964
Yankey Engineering Co. Ltd.		31,512		330,730

				3,749,460

Construction Materials - 1.5%
ACC Ltd.		1,376		42,158
Ambuja Cements Ltd.		12,064		81,396
Anhui Conch Cement Co. Ltd., Class A		9,800		31,545
Anhui Conch Cement Co. Ltd., Class H		37,000		74,215
Arabian Cement Co.		2,310		19,157
Asia Cement Corp.		92,531		117,513
BBMG Corp., Class A		42,300		10,782
Berkah Beton Sadaya Tbk. PT*		425,000		1,347
Birla Corp. Ltd.		750		13,844
Bursa Cimento Fabrikasi A/S		295,152		77,620
Cementos Argos SA		202,436		331,257
Cementos Argos SA (Preference)		99,736		145,863
Cemex SAB de CV*		418,688		348,592
Chia Hsin Cement Corp.		47,978		27,362
China Jushi Co. Ltd., Class A		9,600		12,275
China National Building Material Co. Ltd., Class H		104,000		36,586
China Resources Building Materials Technology Holdings Ltd.(b)		68,000		10,873
Cimsa Cimento Sanayi ve Ticaret A/S		13,776		14,936
City Cement Co.		4,208		19,749
CSG Holding Co. Ltd., Class B		4,700		1,389
Dalmia Bharat Ltd.		2,236		61,385
Eastern Province Cement Co.		1,199		11,382
GCC SAB de CV		1,872		21,664
Goldsun Building Materials Co. Ltd.		46,340		43,972
Grasim Industries Ltd.		6,344		166,156
Grupo Argos SA		135,824		476,462
Grupo Argos SA (Preference)		94,796		249,646
Hanil Cement Co. Ltd.		11,960		107,982
Huaxin Cement Co. Ltd., Class A		3,700		6,777
Huaxin Cement Co. Ltd., Class H		10,400		8,209
Indocement Tunggal Prakarsa Tbk. PT		28,800		16,472
JK Cement Ltd.		530		27,848
JK Lakshmi Cement Ltd.		2,744		30,923
Nuh Cimento Sanayi A/S		2,068		21,672
Nuvoco Vistas Corp. Ltd.*		3,650		15,885
Oyak Cimento Fabrikalari A/S*		4,416		9,183
Qassim Cement Co. (The)		1,998		31,434
Ramco Cements Ltd. (The)		2,289		28,065
Rhi Magnesita India Ltd.		1,850		16,148


Investments	Shares		Value ($)
Riyadh Cement Co.		1,967		15,159
Saudi Cement Co.		441		5,662
Semen Indonesia Persero Tbk. PT		29,417		11,558
Shree Cement Ltd.		260		89,406
Siam Cement PCL (The), NVDR		10,400		79,149
Siam City Cement PCL, NVDR		4,800		18,198
Southern Province Cement Co.		1,634		16,862
SSANGYONG C&E Co. Ltd.		4,263		19,260
Star Cement Ltd.*		7,008		15,726
Taiwan Cement Corp.		104,000		105,995
Tangshan Jidong Cement Co. Ltd., Class A		4,700		3,751
Tipco Asphalt PCL, NVDR		275,600		125,070
TPI Polene PCL, NVDR		2,069,700		81,674
UltraTech Cement Ltd.		2,028		248,296
Universal Cement Corp.		208,000		193,716
Yamama Cement Co.		3,763		30,505
Yanbu Cement Co.		2,888		23,488

				3,853,199

Consumer Finance - 1.4%
AEON Credit Service M Bhd.		93,600		116,753
Bajaj Finance Ltd.		4,212		348,088
BFI Finance Indonesia Tbk. PT		3,281,200		252,640
Capri Global Capital Ltd.		1,948		22,230
Cholamandalam Financial Holdings Ltd.		1,776		25,230
Cholamandalam Investment and Finance Co. Ltd.		6,396		91,203
CreditAccess Grameen Ltd.*		1,166		22,322
FinVolution Group, ADR		74,568		358,672
Five-Star Business Finance Ltd.*		1,680		15,411
Gentera SAB de CV(b)		708,496		965,672
Hotai Finance Co. Ltd.		2,928		11,319
JMT Network Services PCL, NVDR		14,200		8,205
Krungthai Card PCL, NVDR		9,800		12,085
Mahindra & Mahindra Financial Services Ltd.		9,024		31,426
Manappuram Finance Ltd.		248,040		551,822
Muangthai Capital PCL, NVDR		9,300		11,141
Muthoot Finance Ltd.		2,410		40,483
Ngern Tid Lor PCL, NVDR		26,653		16,378
Poonawalla Fincorp Ltd.		5,720		32,945
Qifu Technology, Inc., Class A, ADR(b)		4,108		58,950
Ratchthani Leasing PCL, NVDR		884,000		63,290
Samsung Card Co. Ltd.*		539		13,327
SBFC Finance Ltd.*		11,952		12,946
SBI Cards & Payment Services Ltd.		5,252		45,241
Shriram Finance Ltd.		8,164		242,510
Spandana Sphoorty Financial Ltd.*		1,008		12,698
Srisawad Capital 1969 PCL, NVDR		535,600		50,424
Srisawad Corp. PCL, NVDR		14,000		15,587
Sundaram Finance Ltd.		1,595		68,523
Yulon Finance Corp.		4,672		26,047

				3,543,568

Consumer Staples Distribution & Retail - 1.2%
Abdullah Al Othaim Markets Co.		7,595		27,827


Investments	Shares		Value ($)
Al-Dawaa Medical Services Co.		1,104		33,973
Alibaba Health Information Technology Ltd.*(b)		104,000		38,049
Almacenes Exito SA		70,408		54,906
Almacenes Exito SA, BDR*		57,200		180,707
Almunajem Foods Co.		8,268		189,828
Atacadao SA		9,400		19,804
Avenue Supermarts Ltd.*(a)		3,276		149,619
Berli Jucker PCL		500		334
Berli Jucker PCL, NVDR		13,800		9,219
BGF retail Co. Ltd.*		141		14,907
Bid Corp. Ltd.		6,015		146,870
BIM Birlesik Magazalar A/S		14,071		176,676
Cencosud SA		36,816		63,917
Clicks Group Ltd.		4,420		71,518
Corporativo Fragua SAB de CV		1,680		52,819
CP ALL PCL, NVDR		78,000		114,876
CP Axtra PCL, NVDR		14,400		11,568
Curexo, Inc.*		1,008		11,064
Dada Nexus Ltd., ADR*(b)		2,805		5,301
DaShenLin Pharmaceutical Group Co. Ltd., Class A		4,320		13,719
Dis-Chem Pharmacies Ltd.(a)		17,952		29,092
Dongsuh Cos., Inc.		859		11,109
E-MART, Inc.*		392		22,851
Great Tree Pharmacy Co. Ltd.		1,543		16,465
Grupo Mateus SA*		9,800		13,646
GS Retail Co. Ltd.*		1,332		22,256
JD Health International, Inc.*(a)(b)		18,200		59,601
La Comer SAB de CV		18,800		44,232
Magnit PJSC‡		2,296		—
Medplus Health Services Ltd.*		1,824		15,740
Migros Ticaret A/S		2,688		36,187
Nahdi Medical Co.		611		22,908
Philippine Seven Corp.*		10,780		15,300
Pick n Pay Stores Ltd.		6,784		8,535
Ping An Healthcare and Technology Co. Ltd.*(a)(b)		9,600		13,730
President Chain Store Corp.		9,840		82,997
Puregold Price Club, Inc.		26,060		12,869
Raia Drogasil SA		25,764		131,920
Robinsons Retail Holdings, Inc.		207,120		129,691
Sendas Distribuidora SA		36,400		100,630
Shenzhen Pagoda Industrial Group Corp. Ltd.		24,500		9,402
Shoprite Holdings Ltd.		8,008		116,894
SMU SA		1,178,216		189,622
Sok Marketler Ticaret A/S		6,048		12,716
SPAR Group Ltd. (The)*		6,708		40,485
Sumber Alfaria Trijaya Tbk. PT		365,600		61,397
Sun Art Retail Group Ltd.(b)		70,500		8,658
Wal-Mart de Mexico SAB de CV		88,400		365,994

				2,982,428

Containers & Packaging - 0.1%
Cheng Loong Corp.		43,162		39,784
CPMC Holdings Ltd.(b)		104,000		89,668
Klabin SA		20,352		87,692
Pantai Indah Kapuk Dua Tbk. PT*		24,000		7,361


Investments	Shares		Value ($)
SCG Packaging PCL, NVDR		18,700		16,604
Taiwan Hon Chuan Enterprise Co. Ltd.		4,752		21,179
Ton Yi Industrial Corp.		52,000		25,253
Youlchon Chemical Co. Ltd.*		470		10,142

				297,683

Distributors - 0.1%
Autohellas Tourist and Trading SA		8,958		130,390
Sinomach Automobile Co. Ltd., Class A		4,800		4,800
Wuchan Zhongda Group Co. Ltd., Class A		13,800		8,323

				143,513

Diversified Consumer Services - 0.3%
Advtech Ltd.		24,310		35,069
China Education Group Holdings Ltd.(a)		48,000		23,824
Cogna Educacao SA*		52,400		30,966
East Buy Holding Ltd.*(a)(b)		3,000		8,827
Fenbi Ltd.*(b)		24,500		12,442
Fu Shou Yuan International Group Ltd.		48,000		28,798
Humansoft Holding Co. KSC		3,251		36,283
Lung Yen Life Service Corp.*		8,448		10,432
MegaStudyEdu Co. Ltd.*		3,120		140,495
National Co. for Learning & Education		735		29,086
New Oriental Education & Technology Group, Inc.*		26,000		197,729
Offcn Education Technology Co. Ltd., Class A*		4,700		2,311
Taaleem Holdings PJSC		16,512		17,308
TAL Education Group, ADR*		8,320		88,525

				662,095

Diversified REITs - 0.4%
Axis REIT, REIT		70,973		26,709
Concentradora Fibra Danhos SA de CV, REIT		444,544		539,908
Fibra Uno Administracion SA de CV, REIT		78,000		132,880
Growthpoint Properties Ltd., REIT		98,072		62,485
Is Gayrimenkul Yatirim Ortakligi A/S, REIT*		179,608		105,833
KLCCP Stapled Group, REIT		9,600		14,958
Peker Gayrimenkul Yatirim Ortakligi A/S, REIT*		18,144		20,509
Redefine Properties Ltd., REIT		259,975		58,289
Servet Gayrimenkul Yatirim Ortakligi A/S, REIT*		6,032		66,594
SK REITs Co. Ltd., REIT		6,195		17,406

				1,045,571

Diversified Telecommunication Services - 1.1%
AL Yah Satellite Communications Co. PJSC		43,340		27,140
Chief Telecom, Inc.		1,104		11,269
China Tower Corp. Ltd., Class H(a)		1,352,000		150,467
Chunghwa Telecom Co. Ltd.		60,000		228,119


Investments	Shares		Value ($)
CITIC Telecom International Holdings Ltd.(b)		749,000		267,320
Converge Information and Communications Technology Solutions, Inc.*		1,024,400		168,686
Dayamitra Telekomunikasi PT		202,100		8,709
Emirates Telecommunications Group Co. PJSC		58,344		304,670
Hellenic Telecommunications Organization SA		5,980		83,471
HFCL Ltd.		34,742		43,133
Indus Towers Ltd.*		19,656		52,534
KT Corp.*		3,809		101,029
LG Uplus Corp.		7,921		60,714
Magyar Telekom Telecommunications plc		138,944		302,454
Ooredoo QPSC		33,904		99,636
Operadora De Sites Mexicanos SAB de CV, Series A-1		9,400		10,234
PT Tower Bersama Infrastructure Tbk.		42,300		5,227
Railtel Corp. of India Ltd.		3,796		19,996
Rostelecom PJSC‡		33,770		—
Rostelecom PJSC (Preference)‡		15,392		—
Sarana Menara Nusantara Tbk. PT		315,700		17,806
Saudi Telecom Co.		30,218		328,763
Sitios Latinoamerica SAB de CV*(b)		63,700		23,959
Tata Communications Ltd.		1,646		34,430
Tata Teleservices Maharashtra Ltd.*		8,112		9,055
Telefonica Brasil SA		10,400		108,102
Telekom Malaysia Bhd.		41,600		52,066
Telkom Indonesia Persero Tbk. PT		785,200		197,046
Telkom SA SOC Ltd.*		119,288		181,125
TIME dotCom Bhd.		9,000		10,465
Turk Telekomunikasyon A/S*		19,746		21,279

				2,928,904

Electric Utilities - 1.5%
Adani Energy Solutions Ltd.*		6,604		84,920
Alupar Investimento SA		4,840		28,926
Can2 Termik A/S*		209,040		124,002
Centrais Eletricas Brasileiras SA		31,200		257,690
Centrais Eletricas Brasileiras SA (Preference), Class B		5,200		48,242
CESC Ltd.		327,756		564,785
CEZ A/S(b)		3,016		114,551
Cia Energetica de Minas Gerais		4,700		14,268
Cia Energetica de Minas Gerais (Preference)		49,502		115,412
Companhia Paranaense de Energia*		5,300		9,621
Companhia Paranaense de Energia (Preference)		26,000		53,304
CPFL Energia SA		4,700		34,491
CTEEP-Cia de Transmissao de Energia Eletrica Paulista (Preference)		10,000		51,831
Enel Americas SA		561,566		56,776


Investments	Shares		Value ($)
Enel Chile SA		879,809		52,759
Enel Distribucion Peru SAA		13,824		13,266
Energisa SA		5,200		53,262
Enerjisa Enerji A/S(a)		7,676		14,077
Engie Energia Chile SA*		188,188		177,580
Equatorial Energia SA		20,800		149,146
Federal Grid Co. - Rosseti PJSC (Registered)*‡		22,532,366		—
Inter RAO UES PJSC‡		1,596,292		—
Interconexion Electrica SA ESP		13,728		59,178
Korea Electric Power Corp.*		7,020		103,986
Manila Electric Co.		5,840		37,554
Mosenergo PJSC‡		4,455,000		—
Neoenergia SA		15,600		64,407
ODAS Elektrik Uretim ve Sanayi Ticaret A/S*		475,176		145,165
Power Grid Corp. of India Ltd.		132,080		412,413
Public Power Corp. SA*		3,661		48,676
Reliance Infrastructure Ltd.*		111,540		310,334
RusHydro PJSC‡		2,361,000		—
Saudi Electricity Co.		25,064		126,720
SJVN Ltd.		13,152		20,874
Tata Power Co. Ltd. (The)		27,716		130,080
Tenaga Nasional Bhd.		130,000		294,630
Torrent Power Ltd.		1,927		24,133
Transmissora Alianca de Energia Eletrica SA		5,000		37,330

				3,834,389

Electrical Equipment - 1.3%
ABB India Ltd.		1,107		62,274
AcBel Polytech, Inc.		9,312		12,139
Allis Electric Co. Ltd.		2,000		5,367
Amara Raja Energy & Mobility Ltd.		4,721		50,542
Bharat Heavy Electricals Ltd.		27,560		75,750
Bizlink Holding, Inc.		3,936		29,049
CG Power & Industrial Solutions Ltd.		11,128		62,786
Chicony Power Technology Co. Ltd.		5,232		24,489
Chung-Hsin Electric & Machinery Manufacturing Corp.		7,728		29,505
CS Wind Corp.		581		24,857
CyberPower Systems, Inc.		30,680		184,279
Dongfang Electric Corp. Ltd., Class A		5,000		9,994
Doosan Enerbility Co. Ltd.*		7,581		87,701
Doosan Fuel Cell Co. Ltd.*		690		10,702
Ecopro BM Co. Ltd.*		780		124,774
Ecopro Co. Ltd.*		364		136,911
Elecon Engineering Co. Ltd.		1,776		23,538
ElSewedy Electric Co.		21,462		22,365
Fangda Carbon New Material Co. Ltd., Class A*		5,300		3,263
Farasis Energy Gan Zhou Co. Ltd., Class A*		784		1,318
Finolex Cables Ltd.		3,513		46,542
Fortune Electric Co. Ltd.		2,928		41,535


Investments	Shares		Value ($)
Goldwind Science & Technology Co. Ltd.(b)		15,000		5,488
Goldwind Science & Technology Co. Ltd., Class A		9,600		9,333
GoodWe Technologies Co. Ltd., Class A		343		4,461
Gotion High-tech Co. Ltd., Class A*		4,600		11,981
Graphite India Ltd.		3,381		22,181
Gulf Cables & Electrical Industries Group Co. KSCP		4,140		19,381
Havells India Ltd.		3,640		56,737
HBL Power Systems Ltd.		4,272		27,638
HD Hyundai Electric Co. Ltd.		441		33,934
Hitachi Energy India Ltd.		371		26,492
Hongfa Technology Co. Ltd., Class A		4,800		15,003
Hunan Changyuan Lico Co. Ltd., Class A		784		614
Hyosung Heavy Industries Corp.*		96		12,357
Inox Wind Ltd.*		3,408		19,616
Jiangsu Zhongtian Technology Co. Ltd., Class A		4,500		7,246
Jiangxi Special Electric Motor Co. Ltd., Class A*		4,900		6,170
KEI Industries Ltd.		1,250		48,064
Korea Electric Terminal Co. Ltd.		2,756		143,515
L&F Co. Ltd.*		452		48,598
LG Energy Solution Ltd.*		728		207,821
LS Corp.*		728		49,692
LS Electric Co. Ltd.*		490		25,846
Ming Yang Smart Energy Group Ltd., Class A		4,500		5,641
NARI Technology Co. Ltd., Class A		15,300		44,773
Ningbo Ronbay New Energy Technology Co. Ltd., Class A		658		2,612
Olectra Greentech Ltd.		1,392		29,201
Phihong Technology Co. Ltd.*		11,472		20,892
Polycab India Ltd.		1,248		65,270
POSCO Future M Co. Ltd.*		572		108,644
Pylon Technologies Co. Ltd., Class A		343		3,811
Riyadh Cables Group Co.		720		20,236
RR Kabel Ltd.		768		13,256
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S		166,088		166,504
Shanghai Electric Group Co. Ltd., Class A*		24,000		13,304
Shihlin Electric & Engineering Corp.		5,136		19,937
Shinsung Delta Tech Co. Ltd.*		576		31,807
Sociedad Quimica y Minera de Chile SA (Preference), Class B		4,316		186,620
SPG Co. Ltd.		686		14,983
Suzlon Energy Ltd.*		207,376		114,746
Ta Ya Electric Wire & Cable		26,249		29,310
Taihan Electric Wire Co. Ltd.*		2,058		14,356
Tatung Co. Ltd.*		30,816		43,173


Investments	Shares		Value ($)
TBEA Co. Ltd., Class A		15,350		30,039
Teco Electric and Machinery Co. Ltd.		22,000		32,368
Triveni Turbine Ltd.*		8,500		38,542
V-Guard Industries Ltd.		6,399		22,531
Voltronic Power Technology Corp.		1,000		42,812
Walsin Lihwa Corp.		104,000		117,625
WEG SA		26,000		170,173
XTC New Energy Materials Xiamen Co. Ltd., Class A		539		2,260
Zhejiang Chint Electrics Co. Ltd., Class A		4,700		12,202
Zhejiang HangKe Technology, Inc. Co., Class A		490		1,355

				3,290,831

Electronic Equipment, Instruments & Components - 3.5%
AAC Technologies Holdings, Inc.(b)		26,000		58,404
Ability Opto-Electronics Technology Co. Ltd.		3,072		20,120
Asia Optical Co., Inc.		7,296		15,665
AUO Corp.		219,872		129,256
Aurora Corp.		4,316		10,149
Avary Holding Shenzhen Co. Ltd., Class A		9,600		23,413
BH Co. Ltd.*		10,920		149,647
BOE Technology Group Co. Ltd., Class A		98,800		49,541
Chang Wah Electromaterials, Inc.		156,000		178,929
Channel Well Technology Co. Ltd.		8,742		22,009
Cheng Uei Precision Industry Co. Ltd.		139,590		199,577
China Railway Signal & Communication Corp. Ltd., Class A		31,500		20,358
Chin-Poon Industrial Co. Ltd.		12,720		18,186
Chroma ATE, Inc.		8,000		51,247
Chunghwa Precision Test Tech Co. Ltd.		720		12,169
Compeq Manufacturing Co. Ltd.		44,389		98,565
Coretronic Corp.		9,168		20,797
Co-Tech Development Corp.		10,464		19,658
Daeduck Electronics Co. Ltd.*		15,184		275,887
Daejoo Electronic Materials Co. Ltd.*		432		22,366
Delta Electronics Thailand PCL, NVDR		83,200		184,680
Delta Electronics, Inc.		37,578		336,166
Dreamtech Co. Ltd.*		18,252		159,320
Dynamic Holding Co. Ltd.		9,216		24,468
E Ink Holdings, Inc.		15,000		99,682
Elite Material Co. Ltd.		4,752		69,991
EM-Tech Co. Ltd.*		5,356		151,091
Everdisplay Optronics Shanghai Co. Ltd., Class A*		26,592		7,815
FLEXium Interconnect, Inc.		2,474		6,750
Forth Corp. PCL, NVDR		14,600		7,037
Foxconn Industrial Internet Co. Ltd., Class A		26,000		48,201


Investments	Shares		Value ($)
Foxconn Technology Co. Ltd.		28,608		46,157
General Interface Solution Holding Ltd.		114,128		228,624
Genius Electronic Optical Co. Ltd.		1,000		12,780
Genus Power Infrastructures Ltd.		5,088		16,212
Global Brands Manufacture Ltd.		8,016		16,365
GoerTek, Inc., Class A		3,800		8,072
Gold Circuit Electronics Ltd.		5,240		38,338
Hana Microelectronics PCL, NVDR		9,800		13,190
Hannstar Board Corp.		8,448		15,385
HannStar Display Corp.*		69,288		26,122
Hollysys Automation Technologies Ltd.*(b)		2,184		54,032
Holy Stone Enterprise Co. Ltd.		65,442		196,538
Hon Hai Precision Industry Co. Ltd.		364,000		1,192,032
Honeywell Automation India Ltd.		52		24,225
Innolux Corp.		276,684		144,532
ITEQ Corp.		6,096		16,146
Jaymart Group Holdings PCL, NVDR		24,000		9,741
Kaynes Technology India Ltd.*		768		26,184
KCE Electronics PCL, NVDR		9,300		11,665
Kingboard Holdings Ltd.		26,000		46,364
Kingboard Laminates Holdings Ltd.		27,500		16,534
Largan Precision Co. Ltd.		1,488		118,376
LG Display Co. Ltd.*		6,747		58,894
LG Innotek Co. Ltd.		468		66,975
Lingyi iTech Guangdong Co., Class A		15,900		10,519
Lotes Co. Ltd.		1,332		42,046
Lotte Energy Materials Corp.		235		5,555
Luxshare Precision Industry Co. Ltd., Class A		10,600		37,634
Mcnex Co. Ltd.		657		12,602
MH Development Ltd.*‡		22,000		—
Nan Ya Printed Circuit Board Corp.		5,664		41,078
Nationgate Holdings Bhd.		296,400		85,849
Nex Point Parts PCL, NVDR*		47,500		13,054
Nichidenbo Corp.		79,409		143,598
OFILM Group Co. Ltd., Class A*		4,700		4,360
Pan-International Industrial Corp.		171,888		182,050
Park Systems Corp.*		200		25,820
Primax Electronics Ltd.		14,600		30,646
Promate Electronic Co. Ltd.		91,705		175,209
Quest Holdings SA(b)		11,076		63,646
Raytron Technology Co. Ltd., Class A		343		1,582
Redington Ltd.		260,936		565,116
Samsung Electro-Mechanics Co. Ltd.		1,612		168,610
Samsung SDI Co. Ltd.		884		246,724
Shanghai BOCHU Electronic Technology Corp. Ltd., Class A		376		13,302
Shengyi Technology Co. Ltd., Class A		9,600		19,188
Shenzhen Kaifa Technology Co. Ltd., Class A		4,700		7,777


Investments	Shares		Value ($)
Simplo Technology Co. Ltd.		4,656		60,395
Sinbon Electronics Co. Ltd.		3,000		24,681
SOLUM Co. Ltd.*		588		12,160
Solus Advanced Materials Co. Ltd.*		754		6,350
STCUBE*		1,739		8,626
Sunny Optical Technology Group Co. Ltd.		12,800		78,186
SUPCON Technology Co. Ltd., Class A		1,771		8,708
Supreme Electronics Co. Ltd.		14,160		27,235
Synnex Technology International Corp.		38,784		89,217
Syrma SGS Technology Ltd.		2,160		15,572
Taiwan Surface Mounting Technology Corp.		6,816		20,187
Taiwan Union Technology Corp.		4,128		17,871
TCL Technology Group Corp., Class A*		41,360		23,331
Test Research, Inc.		89,187		198,038
Thinking Electronic Industrial Co. Ltd.		2,688		13,655
Tong Hsing Electronic Industries Ltd.		2,783		12,759
TPK Holding Co. Ltd.		158,000		180,214
Tripod Technology Corp.		14,000		83,867
TXC Corp.		4,608		13,986
Unimicron Technology Corp.		42,124		236,867
Unisplendour Corp. Ltd., Class A*		4,900		10,620
Unitech Printed Circuit Board Corp.		46,689		28,342
Universal Scientific Industrial Shanghai Co. Ltd., Class A		4,700		8,347
VS Industry Bhd.		137,700		20,961
Wah Lee Industrial Corp.		94,739		292,999
Walsin Technology Corp.		5,952		20,538
Weikeng Industrial Co. Ltd.		156,000		152,763
Wingtech Technology Co. Ltd., Class A*		4,500		20,966
Wintek Corp.*‡		64,000		—
WPG Holdings Ltd.		52,440		146,097
WT Microelectronics Co. Ltd.		15,385		77,664
WUS Printed Circuit Kunshan Co. Ltd., Class A		9,970		27,371
Yageo Corp.		10,512		185,390
Zen Technologies Ltd.		1,440		14,573
Zhejiang Dahua Technology Co. Ltd., Class A		5,200		11,255
Zhen Ding Technology Holding Ltd.		17,150		55,341

				8,995,724

Energy Equipment & Services - 0.3%
ADNOC Drilling Co. PJSC		42,207		42,173
Arabian Drilling Co.		384		17,182
Bumi Armada Bhd.*		1,471,600		174,228
China Oilfield Services Ltd., Class A		5,000		10,704


Investments	Shares		Value ($)
China Oilfield Services Ltd., Class H		28,000		26,900
China Petroleum Engineering Corp., Class A		27,800		12,081
COFCO Capital Holdings Co. Ltd., Class A		4,900		6,272
Dialog Group Bhd.		51,700		20,002
Gulf International Services QSC		398,424		308,913
Velesto Energy Bhd.*		340,800		18,733
Yinson Holdings Bhd.		57,600		31,296

				668,484

Entertainment - 0.8%
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A		4,700		10,880
Bilibili, Inc., Class Z*		4,160		36,426
China Ruyi Holdings Ltd.*(b)		88,000		14,747
CJ CGV Co. Ltd.*		35,984		148,827
CJ ENM Co. Ltd.*		392		21,000
Com2uSCorp		133		4,559
Devsisters Co. Ltd.*		235		7,149
Gamania Digital Entertainment Co. Ltd.		52,000		128,424
HYBE Co. Ltd.*		295		44,538
International Games System Co. Ltd.		2,320		61,522
iQIYI, Inc., ADR*(b)		7,595		25,443
JYP Entertainment Corp.*		480		27,081
Kakao Games Corp.*		956		17,585
Kingsoft Corp. Ltd.		15,800		38,281
Krafton, Inc.*		520		83,572
MD Pictures Tbk. PT*		28,800		10,996
MNC Digital Entertainment Tbk. PT*		37,600		7,124
NCSoft Corp.*		296		43,935
Neowiz*		470		8,980
NetDragon Websoft Holdings Ltd.		104,000		142,618
NetEase, Inc.		31,200		604,663
Netmarble Corp.*(a)		410		17,910
Nexon Games Co. Ltd.*		1,034		11,590
NHN Corp.*		6,656		123,679
Pearl Abyss Corp.*		517		12,686
Perfect World Co. Ltd., Class A		4,100		5,459
PVR Inox Ltd.*		1,152		20,184
Saregama India Ltd.		4,900		20,560
SM Entertainment Co. Ltd.*		144		8,232
SMI Holdings Group Ltd.*‡		72,000		—
Star CM Holdings Ltd.*		8,000		7,194
Studio Dragon Corp.*		188		6,480
Tencent Music Entertainment Group, ADR*		8,737		82,128
Tencent Music Entertainment Group, Class A*		4,700		20,953
Wemade Co. Ltd.*		388		15,001
XPEC Entertainment, Inc.*‡		14,800		—
YG Entertainment, Inc.*		605		20,127
Zhejiang Century Huatong Group Co. Ltd., Class A*		11,280		6,599


Investments	Shares		Value ($)
Zx, Inc.*(a)		10,400		94,458

				1,961,590

Financial Services - 1.5%
Aavas Financiers Ltd.*		2,058		36,592
Aditya Birla Capital Ltd.*		13,950		28,742
Al Waha Capital PJSC		429,000		204,400
Aptus Value Housing Finance India Ltd.		6,960		31,400
AVIC Industry-Finance Holdings Co. Ltd., Class A		23,500		11,096
Bajaj Finserv Ltd.		6,884		134,897
Bajaj Holdings & Investment Ltd.		607		61,153
Can Fin Homes Ltd.		5,173		48,364
Chailease Holding Co. Ltd.		28,488		158,370
Cielo SA		32,900		33,092
Corp. Financiera Colombiana SA		50,076		211,257
CSSC Hong Kong Shipping Co. Ltd.(a)		624,000		119,735
E-Finance for Digital & Financial Investments		7,889		4,493
Far East Horizon Ltd.(b)		52,000		38,049
Fawry for Banking & Payment Technology Services SAE*		44,933		7,547
FirstRand Ltd.		163,644		597,605
Genertec Universal Medical Group Co. Ltd.(a)		338,000		172,951
Grupo de Inversiones Suramericana SA		2,695		22,394
Grupo de Inversiones Suramericana SA (Preference)		3,587		15,041
Home First Finance Co. India Ltd.(a)		1,225		14,526
Housing & Urban Development Corp. Ltd.		159,848		331,751
IIFL Finance Ltd.		3,626		27,222
Indian Railway Finance Corp. Ltd.(a)		28,464		60,034
Jio Financial Services Ltd.*		57,564		172,081
Kakaopay Corp.*		398		14,120
L&T Finance Holdings Ltd.		11,562		24,114
LIC Housing Finance Ltd.		10,712		80,698
Meritz Financial Group, Inc.*		2,808		144,119
National Investments Co. KSCP		20,286		17,872
One 97 Communications Ltd.*		4,128		37,838
Piramal Enterprises Ltd.		3,456		38,125
PNB Housing Finance Ltd.*(a)		1,056		9,977
Power Finance Corp. Ltd.		38,844		207,332
REC Ltd.		32,522		195,440
Remgro Ltd.		13,728		116,401
Shandong Hi-Speed Holdings Group Ltd.*(b)		53,500		37,983
Sociedad Portafolio SA*		1,692		2,929
Turkiye Sinai Kalkinma Bankasi A/S*		540,280		146,002
Yuanta Financial Holding Co. Ltd.		367,120		317,277

				3,933,019

Food Products - 2.4%
Adani Wilmar Ltd.*		2,491		10,662


Investments	Shares		Value ($)
Agthia Group PJSC		119,392		165,454
Alicorp SAA		240,292		410,658
Almarai Co. JSC		4,069		61,956
Anjoy Foods Group Co. Ltd., Class A		500		5,175
Astra Agro Lestari Tbk. PT		145,600		63,665
AVI Ltd.		5,424		24,290
Balrampur Chini Mills Ltd.		3,850		18,333
Beijing Dabeinong Technology Group Co. Ltd., Class A		5,300		3,499
Betagro PCL		24,400		15,131
Bombay Burmah Trading Co.		9,516		198,722
BRF SA*		21,200		59,853
Britannia Industries Ltd.		2,066		129,328
CCL Products India Ltd.		2,597		20,985
Century Pacific Food, Inc.		17,700		10,360
Charoen Pokphand Enterprise		4,272		13,144
Charoen Pokphand Foods PCL, NVDR		43,200		22,649
Charoen Pokphand Indonesia Tbk. PT		117,500		33,359
Cherkizovo Group PJSC‡		2,594		—
China Feihe Ltd.(a)		104,000		47,628
China Huiyuan Juice Group Ltd.*‡		24,000		—
China Mengniu Dairy Co. Ltd.		52,000		114,680
China Modern Dairy Holdings Ltd.		1,106,000		90,548
Chongqing Fuling Zhacai Group Co. Ltd., Class A		3,120		5,345
CJ CheilJedang Corp.		312		68,261
CJ CheilJedang Corp. (Preference)		205		19,891
COFCO Joycome Foods Ltd.*(a)(b)		1,248,000		242,663
Daesang Corp.*		8,349		116,354
Dongwon Industries Co. Ltd.*		2,392		66,850
Foshan Haitian Flavouring & Food Co. Ltd., Class A		9,980		47,165
Garudafood Putra Putri Jaya Tbk. PT		463,100		12,913
Great Wall Enterprise Co. Ltd.		3,018		5,564
Gruma SAB de CV, Class B		3,216		60,330
Grupo Bimbo SAB de CV, Class A, Series A(b)		24,698		112,910
Grupo Nutresa SA		1,692		19,450
Guan Chong Bhd.		29,400		10,318
Guangdong Haid Group Co. Ltd., Class A		3,400		17,901
Harim Holdings Co. Ltd.*		17,368		97,729
Heilongjiang Agriculture Co. Ltd., Class A		10,200		16,168
Henan Shuanghui Investment & Development Co. Ltd., Class A		5,000		19,806
Huishan Dairy*‡		158,000		—
Indofood CBP Sukses Makmur Tbk. PT		51,800		38,653
Indofood Sukses Makmur Tbk. PT		135,200		54,620
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		10,400		39,241
IOI Corp. Bhd.		39,200		33,067
JBS SA		20,900		99,105


Investments	Shares		Value ($)
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A*		4,800		14,688
Kuala Lumpur Kepong Bhd.		20,831		97,857
Leong Hup International Bhd.(a)		670,800		78,709
Lian HWA Food Corp.		6,240		17,305
Lien Hwa Industrial Holdings Corp.		17,301		35,874
Lotte Wellfood Co. Ltd.*		1,248		118,848
M Dias Branco SA		4,800		37,206
Marfrig Global Foods SA*		150,800		287,189
Marico Ltd.		9,360		59,495
Mayora Indah Tbk. PT		83,900		12,495
Minerva SA		119,600		165,805
Monde Nissin Corp.(a)		107,400		16,808
Mrs Bectors Food Specialities Ltd.(a)		1,104		15,811
Muyuan Foods Co. Ltd., Class A		15,620		76,691
Nestle India Ltd.		6,240		188,304
Nestle Malaysia Bhd.		900		22,738
New Hope Liuhe Co. Ltd., Class A*		9,000		10,242
NongShim Co. Ltd.		100		28,285
Orion Corp.		550		37,789
Orion Holdings Corp.		8,892		95,739
Ottogi Corp.*		50		14,985
Patanjali Foods Ltd.		1,030		19,623
PPB Group Bhd.		14,080		43,044
QL Resources Bhd.		25,395		31,301
Samyang Foods Co. Ltd.		141		19,428
Samyang Holdings Corp.*		2,600		131,885
San Miguel Food and Beverage, Inc.		19,470		17,085
Sao Martinho SA		3,500		19,968
Sarawak Oil Palms Bhd.		124,800		72,822
Saudia Dairy & Foodstuff Co.		294		28,223
Savola Group (The)		5,635		67,543
Shiyue Daotian Group Co. Ltd.*		11,100		35,356
Shree Renuka Sugars Ltd.*		30,100		17,398
Sime Darby Plantation Bhd.		67,603		63,172
SLC Agricola SA		82,700		319,680
Taiwan TEA Corp.*		48,825		31,667
Tata Consumer Products Ltd.		12,064		162,415
Thai Union Group PCL, NVDR		58,800		25,192
Thai Vegetable Oil PCL, NVDR		202,800		120,042
Thaifoods Group PCL, NVDR		681,200		69,507
Tiger Brands Ltd.		1,666		18,800
Tingyi Cayman Islands Holding Corp.		30,000		29,780
Toly Bread Co. Ltd., Class A		5,640		5,130
Tres Tentos Agroindustrial SA		57,200		127,572
Triveni Engineering & Industries Ltd.		4,263		17,569
Ulker Biskuvi Sanayi A/S*		6,672		20,548
Uni-President Enterprises Corp.		90,709		209,822
United Plantations Bhd.		9,800		40,982
Universal Robina Corp.		13,530		26,798
Want Want China Holdings Ltd.		48,000		26,465
Yayla Agro Gida Sanayi ve Nakliyat A/S		158,704		84,729


Investments	Shares		Value ($)
Yuan Longping High-tech Agriculture Co. Ltd., Class A*		5,100		8,908
Zad Holding Co.		3,286		12,364
Zydus Wellnes Ltd.		882		17,152

				6,099,216

Gas Utilities - 0.5%
Adani Total Gas Ltd.		4,721		57,552
Aygaz A/S		2,928		14,214
Beijing Enterprises Holdings Ltd.		9,000		32,582
China Gas Holdings Ltd.		72,800		66,307
China Resources Gas Group Ltd.(b)		25,400		71,808
ENN Energy Holdings Ltd.		21,300		157,490
ENN Natural Gas Co. Ltd., Class A		10,000		24,347
GAIL India Ltd.		83,356		173,249
Grupo Energia Bogota SA ESP		81,120		47,185
Gujarat Gas Ltd.		2,679		18,753
Gujarat State Petronet Ltd.		4,080		18,073
Indraprastha Gas Ltd.		4,564		23,654
Korea Gas Corp.*		999		19,798
Kunlun Energy Co. Ltd.		104,000		92,994
Mahanagar Gas Ltd.(a)		1,456		25,936
National Gas & Industrialization Co.		1,155		20,974
Perusahaan Gas Negara Tbk. PT		311,200		22,975
Petronas Gas Bhd.		15,600		58,508
Promigas SA ESP		198,848		256,242
Towngas Smart Energy Co. Ltd.(b)		468,000		173,017

				1,375,658

Ground Transportation - 0.3%
ANE Cayman, Inc.*		24,000		11,881
BTS Group Holdings PCL, NVDR		119,640		20,234
Container Corp. of India Ltd.		4,852		51,854
Daqin Railway Co. Ltd., Class A		42,400		44,115
Full Truck Alliance Co. Ltd., ADR*(b)		11,180		70,210
GMexico Transportes SAB de CV(a)(b)		9,400		21,520
Grupo Traxion SAB de CV, Class A*(a)		9,800		17,939
Localiza Rent a Car SA		15,692		171,875
Lotte Rental Co. Ltd.*		6,448		128,994
Lumi Rental Co.*		576		17,141
Rumo SA		20,800		97,073
SIMPAR SA		130,000		205,481
Theeb Rent A Car Co.		441		7,644
United International Transportation Co.		996		22,071
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA		5,500		9,094

				897,126

Health Care Equipment & Supplies - 0.2%
AK Medical Holdings Ltd.(a)		26,000		15,233
Classys, Inc.*		144		3,323
Dentium Co. Ltd.*		147		12,501
Eoflow Co. Ltd.*		799		2,041
Hartalega Holdings Bhd.*		30,800		17,842
HLB, Inc.*		2,001		101,639
iRay Technology Co. Ltd., Class A		432		12,902


Investments	Shares		Value ($)
Jeisys Medical, Inc.*		1,942		12,412
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A		4,800		21,307
Kangji Medical Holdings Ltd.		25,000		18,549
Kossan Rubber Industries Bhd.		91,500		39,656
Lifetech Scientific Corp.*		158,000		34,562
Microport Scientific Corp.*		11,498		8,487
Qingdao Haier Biomedical Co. Ltd., Class A		539		2,128
SD Biosensor, Inc.*		990		7,707
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		36,000		23,072
Shanghai MicroPort Endovascular MedTech Group Co. Ltd., Class A		98		2,178
Sri Trang Gloves Thailand PCL, NVDR		68,600		13,922
Supermax Corp. Bhd.		48,000		9,488
TaiDoc Technology Corp.		22,000		112,462
Top Glove Corp. Bhd.*		120,000		23,594
Visco Vision, Inc.		3,264		25,028
Won Tech Co. Ltd.*		1,728		10,202

				530,235

Health Care Providers & Services - 1.1%
Al Hammadi Holding		1,862		30,437
Apollo Hospitals Enterprise Ltd.		1,704		130,358
Aster DM Healthcare Ltd.*(a)		6,324		33,709
Bangkok Chain Hospital PCL, NVDR		20,800		13,250
Bangkok Dusit Medical Services PCL, NVDR		76,200		59,066
Bumrungrad Hospital PCL, NVDR		4,900		33,148
Chabiotech Co. Ltd.*		1,200		16,427
China Meheco Co. Ltd., Class A		4,700		6,874
Chularat Hospital PCL, NVDR		101,400		8,460
CM Hospitalar SA*		46,800		95,663
Dallah Healthcare Co.		585		25,770
Diagnosticos da America SA*		9,800		15,966
Dr Lal PathLabs Ltd.(a)		822		24,918
Dr Sulaiman Al Habib Medical Services Group Co.		1,495		115,610
Fleury SA*		145,600		479,430
Fortis Healthcare Ltd.		7,920		41,191
Global Health Ltd.*		2,401		33,200
Gushengtang Holdings Ltd.		4,800		23,272
Hapvida Participacoes e Investimentos SA*(a)		83,200		65,333
HLB Life Science Co. Ltd.*		3,167		37,492
Huadong Medicine Co. Ltd., Class A		5,100		20,565
Hygeia Healthcare Holdings Co. Ltd.(a)		10,400		33,725
IHH Healthcare Bhd.		46,800		60,355
Jinxin Fertility Group Ltd.*(a)		73,500		20,403
KPJ Healthcare Bhd.		49,024		16,687
Krishna Institute of Medical Sciences Ltd.*(a)		864		22,224
Life Healthcare Group Holdings Ltd.		17,346		17,245


Investments	Shares		Value ($)
Max Healthcare Institute Ltd.		12,220		114,896
Medikaloka Hermina Tbk. PT(a)		367,500		30,392
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A*		9,400		6,389
Metro Healthcare Indonesia Tbk. PT*		286,700		2,980
Metropolis Healthcare Ltd.(a)		1,104		21,701
Middle East Healthcare Co.*		1,617		43,033
Mitra Keluarga Karyasehat Tbk. PT(a)		100,200		17,081
MLP Saglik Hizmetleri A/S, Class B*(a)		3,216		17,276
Mouwasat Medical Services Co.		1,460		46,252
Narayana Hrudayalaya Ltd.(a)		1,200		19,029
National Medical Care Co.		1,007		51,020
Netcare Ltd.		582,348		445,871
New Horizon Health Ltd.*(a)(b)		4,000		8,678
Odontoprev SA		9,490		23,201
Oncoclinicas do Brasil Servicos Medicos SA*		14,400		33,777
Rainbow Children’s Medicare Ltd.		2,496		36,597
Ramkhamhaeng Hospital PCL, NVDR		9,300		8,519
Rede D’Or Sao Luiz SA(a)		20,800		114,290
Selcuk Ecza Deposu Ticaret ve Sanayi A/S		10,650		21,409
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		4,700		11,096
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		24,000		33,894
Sikarin PCL, NVDR		44,000		12,526
Siloam International Hospitals Tbk. PT		24,000		3,376
Sinopharm Group Co. Ltd., Class H		41,600		109,358
Thonburi Healthcare Group PCL, NVDR		9,300		12,386
Topchoice Medical Corp., Class A*		500		4,142
Universal Vision Biotechnology Co. Ltd.		2,226		19,558

				2,749,505

Health Care Technology - 0.0%(d)
Lunit, Inc.*		288		13,228

Hotels, Restaurants & Leisure - 1.4%
Abu Dhabi National Hotels		238,212		56,619
Alamar Foods		539		13,151
Alsea SAB de CV*		9,840		38,534
Ambassador Hotel (The)		142,849		209,257
Americana Restaurants International plc		40,848		34,587
Ananti, Inc.*		32,136		146,877
Asset World Corp. PCL, NVDR		171,900		19,284
Bloomberry Resorts Corp.*		93,100		18,489
Central Plaza Hotel PCL*		1,600		1,962
Central Plaza Hotel PCL, NVDR*		5,700		6,989
Chalet Hotels Ltd.*		2,891		27,053
China Travel International Investment Hong Kong Ltd.		122,000		20,288


Investments	Shares		Value ($)
Devyani International Ltd.*		8,064		17,663
DoubleUGames Co. Ltd.*		4,680		147,275
DPC Dash Ltd.*		4,800		33,035
Easy Trip Planners Ltd.		16,003		9,086
EIH Ltd.		8,250		32,570
Erawan Group PCL (The), NVDR*		137,100		19,709
Genting Bhd.		52,000		51,890
Genting Malaysia Bhd.		61,100		34,877
Grand Korea Leisure Co. Ltd.*		1,323		12,589
H World Group Ltd.		26,000		80,489
Haichang Ocean Park Holdings Ltd.*(a)		54,000		5,803
Haidilao International Holding Ltd.(a)		21,164		33,192
Hana Tour Service, Inc.*		780		37,228
Helens International Holdings Co. Ltd.(b)		25,500		9,982
Indian Hotels Co. Ltd., Class A		14,744		87,468
Jahez International Co.*		3,648		28,600
Jiumaojiu International Holdings Ltd.(a)(b)		14,000		8,238
Jollibee Foods Corp.		7,840		35,374
Jubilant Foodworks Ltd.		8,112		50,751
Kangwon Land, Inc.*		2,240		25,192
Leejam Sports Co. JSC		884		45,542
Lemon Tree Hotels Ltd.*(a)		19,505		32,847
Lotte Tour Development Co. Ltd.*		1,961		13,356
Meituan, Class B*(a)		93,370		747,103
Minor International PCL, NVDR		49,500		42,555
MK Restaurants Group PCL, NVDR		4,800		4,905
Nayuki Holdings Ltd.*(a)		25,000		8,059
OPAP SA		2,756		47,959
Paradise Co. Ltd.*		421		3,990
Sapphire Foods India Ltd.*		800		13,974
Seera Group Holding*		7,002		55,268
Smartfit Escola de Ginastica e Danca SA		4,800		23,558
Sports Toto Bhd.		344,470		108,512
Sun International Ltd.		67,704		154,346
Tongcheng Travel Holdings Ltd.*(a)		19,200		39,003
Travellers International Hotel Group, Inc.*‡		209,900		—
TravelSky Technology Ltd., Class H		21,000		21,115
Trip.com Group Ltd.*		9,100		326,411
Tsogo Sun Ltd.(b)		239,356		148,514
Westlife Foodworld Ltd.		3,000		30,038
Wowprime Corp.		3,259		25,302
Yum China Holdings, Inc.(b)		7,124		246,419
Zomato Ltd.*		98,436		165,416

				3,658,293

Household Durables - 1.0%
Amber Enterprises India Ltd.*		935		49,957
Arcelik A/S		5,782		26,982
Bajaj Electricals Ltd.		2,173		27,419
Coway Co. Ltd.*		1,560		64,637


Investments	Shares		Value ($)
Crompton Greaves Consumer Electricals Ltd.		7,896		28,805
Cury Construtora e Incorporadora SA		52,000		194,693
Cyrela Brazil Realty SA Empreendimentos e Participacoes		119,600		541,227
Dixon Technologies India Ltd.(a)		715		51,583
Eureka Forbes Ltd.*		1,960		11,827
Gree Electric Appliances, Inc. of Zhuhai, Class A		15,600		76,593
Haier Smart Home Co. Ltd., Class A		15,000		46,612
Haier Smart Home Co. Ltd., Class H		41,600		117,340
Hanssem Co. Ltd.		303		10,829
LG Electronics, Inc.		3,172		222,217
LG Electronics, Inc. (Preference)		584		18,422
Merry Electronics Co. Ltd.		95,719		311,933
MRV Engenharia e Participacoes SA*		156,000		248,787
Nien Made Enterprise Co. Ltd.		3,000		32,157
PIK Group PJSC*‡		4,646		—
Shenzhen MTC Co. Ltd., Class A		9,600		6,325
Skyworth Group Ltd.(b)		520,000		164,303
TCL Electronics Holdings Ltd.		364,000		114,081
TTK Prestige Ltd.		1,825		17,296
Vestel Beyaz Esya Sanayi ve Ticaret A/S		18,669		10,705
Vestel Elektronik Sanayi ve Ticaret A/S*		57,824		117,100
Whirlpool of India Ltd.		674		10,946

				2,522,776

Household Products - 0.0%(d)
Blue Moon Group Holdings Ltd.(a)		48,000		10,868
Jyothy Labs Ltd.		6,860		42,555
Kimberly-Clark de Mexico SAB de CV, Class A		26,000		59,401
Unilever Indonesia Tbk. PT		75,200		14,773
Vinda International Holdings Ltd.		3,000		8,865

				136,462

Independent Power and Renewable Electricity Producers - 1.7%
Aboitiz Power Corp.		34,200		23,086
ACEN Corp.		100,197		7,564
ACWA Power Co.		2,184		139,772
Adani Green Energy Ltd.*		5,928		119,172
Adani Power Ltd.*		28,288		191,678
AES Brasil Energia SA*		9,600		22,130
Aksa Enerji Uretim A/S, Class B		3,760		4,466
Auren Energia SA		5,000		13,337
B Grimm Power PCL, NVDR		19,500		15,253
Banpu Power PCL, NVDR		19,300		7,888
BCPG PCL, NVDR		78,300		18,318
Canvest Environmental Protection Group Co. Ltd.(a)		208,000		110,156
CECEP Solar Energy Co. Ltd., Class A		9,600		6,739
CGN New Energy Holdings Co. Ltd.		520,000		121,066


Investments	Shares		Value ($)
CGN Power Co. Ltd., Class A		44,000		23,411
CGN Power Co. Ltd., Class H(a)		364,000		101,974
China Longyuan Power Group Corp. Ltd., Class A		18,300		48,455
China Longyuan Power Group Corp. Ltd., Class H		104,000		62,395
China National Nuclear Power Co. Ltd., Class A		43,900		50,690
China Power International Development Ltd.(b)		156,000		58,271
China Resources Power Holdings Co. Ltd.(b)		54,000		109,143
China Three Gorges Renewables Group Co. Ltd., Class A		47,000		29,000
China Yangtze Power Co. Ltd., Class A		36,400		123,707
CK Power PCL, NVDR		112,600		12,124
Colbun SA		169,153		23,949
Datang International Power Generation Co. Ltd., Class H		128,000		19,649
Electricity Generating PCL, NVDR		4,900		18,162
Energy Absolute PCL, NVDR		28,600		32,044
Eneva SA*		20,800		53,714
Engie Brasil Energia SA		5,700		46,813
First Gen Corp.		150,800		48,807
Fujian Funeng Co. Ltd., Class A		12,740		14,711
Galata Wind Enerji A/S		78,520		67,745
GD Power Development Co. Ltd., Class A		42,500		26,461
Global Power Synergy PCL, NVDR		13,700		19,018
Guangdong Electric Power Development Co. Ltd., Class A*		4,900		3,317
Guangdong Electric Power Development Co. Ltd., Class B*		14,400		3,850
Gulf Energy Development PCL, NVDR		88,400		108,390
Huadian Power International Corp. Ltd., Class A		26,500		22,405
Huadian Power International Corp. Ltd., Class H		38,000		18,229
Huaneng Power International, Inc., Class A*		24,000		29,283
Huaneng Power International, Inc., Class H*		106,000		59,799
Hubei Energy Group Co. Ltd., Class A		4,700		2,835
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A		9,800		5,528
Jaiprakash Power Ventures Ltd.*		178,320		39,832
Jilin Electric Power Co. Ltd., Class A		28,800		16,005
JSW Energy Ltd.		9,048		54,995
Malakoff Corp. Bhd.		1,123,200		156,726
Margun Enerji Uretim Sanayi ve Ticaret A/S		12,974		5,708
Mega First Corp. Bhd.		275,600		227,822
NHPC Ltd.		115,284		126,260


Investments	Shares		Value ($)
NLC India Ltd.		8,784		27,428
NTPC Ltd.		141,563		541,236
OGK-2 PJSC‡		11,431,280		—
Ratch Group PCL, NVDR		24,500		20,890
Reliance Power Ltd.*		1,212,952		435,264
Serena Energia SA*		78,000		152,335
Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC		267,592		147,889
Shanghai Electric Power Co. Ltd., Class A		10,000		11,059
Shenergy Co. Ltd., Class A		4,900		4,948
Shenzhen Energy Group Co. Ltd., Class A		10,600		9,154
Shinfox Energy Co. Ltd.		4,032		14,170
Sichuan Chuantou Energy Co. Ltd., Class A		9,400		20,333
Terna Energy SA		1,276		20,846
TPI Polene Power PCL, NVDR		1,126,800		106,717
Unipro PJSC*‡		5,337,000		—
Wintime Energy Group Co. Ltd., Class A*		76,800		14,013
Xinyi Energy Holdings Ltd.		95,265		13,283
Zhejiang Zheneng Electric Power Co. Ltd., Class A*		28,800		21,581
Zorlu Enerji Elektrik Uretim A/S*		49,256		7,564

				4,240,562

Industrial Conglomerates - 2.3%
3M India Ltd.		100		41,434
Aamal Co.		718,328		170,852
Aboitiz Equity Ventures, Inc.		71,240		61,376
AG Anadolu Grubu Holding A/S		3,478		26,248
Alarko Holding A/S		2,646		9,357
Alfa SAB de CV, Class A		98,800		77,887
Alliance Global Group, Inc.		56,400		11,361
Alpha Dhabi Holding PJSC*		43,628		210,957
AntarChile SA		3,206		23,907
Apar Industries Ltd.		240		18,269
Arabi Group Holding KSC*		8,064		15,231
Astra Industrial Group		1,456		50,085
Astra International Tbk. PT		608,400		197,595
Ayala Corp.		7,280		87,807
Bidvest Group Ltd. (The)		5,568		73,895
China Baoan Group Co. Ltd., Class A		10,400		15,644
CITIC Ltd.		208,000		200,091
CJ Corp.*		343		24,132
DMCI Holdings, Inc.		121,000		23,084
Doosan Co. Ltd.*		352		23,789
Dubai Investments PJSC		52,704		33,864
Far Eastern New Century Corp.		104,000		102,673
Fosun International Ltd.(b)		48,000		25,175
Godrej Industries Ltd.*		1,296		14,044
Grupo Carso SAB de CV, Series A1(b)		10,400		97,706
GS Holdings Corp.*		2,080		72,157
GT Capital Holdings, Inc.		2,400		28,372
Hanwha Corp.*		1,692		34,546


Investments	Shares		Value ($)
HAP Seng Consolidated Bhd.		11,900		11,749
Hong Leong Industries Bhd.		31,200		61,015
Hosken Consolidated Investments Ltd.*		26,676		254,070
Hyosung Corp.*		201		9,458
Industries Qatar QSC		49,920		164,526
International Holding Co. PJSC*		12,636		1,375,082
JG Summit Holdings, Inc.		83,211		56,612
KOC Holding A/S		21,736		115,113
LG Corp.*		3,380		207,665
Lotte Corp.*		672		14,627
LT Group, Inc.		98,000		16,538
LX Holdings Corp.*		752		3,950
Multiply Group PJSC*		106,998		84,190
Mytilineos SA		2,970		122,594
National Industries Group Holding SAK		35,856		27,859
Q Holding PJSC*		32,256		27,751
Quinenco SA		8,136		27,585
Reunert Ltd.		81,900		264,916
Samsung C&T Corp.		2,710		280,208
San Miguel Corp.		13,510		25,918
Shanghai Industrial Holdings Ltd.		166,000		203,432
Siemens Ltd.		1,612		80,371
Sigdo Koppers SA		97,968		134,902
Sime Darby Bhd.		86,200		44,285
SK Square Co. Ltd.*		1,456		56,619
SK, Inc.		1,144		157,288
SM Investments Corp.		8,840		141,327
Sunway Bhd.		44,100		24,987
Turkiye Sise ve Cam Fabrikalari A/S		38,324		62,265

				5,828,440

Industrial REITs - 0.7%
Equites Property Fund Ltd., REIT		362,180		280,222
ESR Kendall Square REIT Co. Ltd., REIT		3,896		10,976
FIBRA Macquarie Mexico, REIT(a)		323,504		621,750
Frasers Property Thailand Industrial Freehold & Leasehold REIT, REIT		630,000		181,129
Prologis Property Mexico SA de CV, REIT		9,583		39,576
TF Administradora Industrial S de RL de CV, REIT		345,120		740,856

				1,874,509

Insurance - 2.5%
Al Rajhi Co. for Co-operative Insurance*		1,762		29,695
Allianz Malaysia Bhd.		26,000		105,209
Anadolu Anonim Turk Sigorta Sirketi*		6,624		15,532
Bangkok Insurance PCL, NVDR		10,400		89,995
BB Seguridade Participacoes SA		10,400		72,089
Bupa Arabia for Cooperative Insurance Co.		1,248		68,755
Caixa Seguridade Participacoes SA		15,000		42,895


Investments	Shares		Value ($)
Capital Financial Indonesia Tbk. PT*		156,800		7,353
Cathay Financial Holding Co. Ltd.		312,000		440,097
Central Reinsurance Co. Ltd.*		46,721		34,407
China Development Financial Holding Corp.*		449,312		172,981
China Life Insurance Co. Ltd., Class H		110,000		126,362
China Pacific Insurance Group Co. Ltd., Class A		20,100		69,599
China Pacific Insurance Group Co. Ltd., Class H		72,800		133,358
China Taiping Insurance Holdings Co. Ltd.		31,800		26,360
Co. for Cooperative Insurance (The)		1,264		41,391
DB Insurance Co. Ltd.*		1,248		82,193
Dhipaya Group Holdings PCL, NVDR		130,000		109,013
Discovery Ltd.		14,768		109,997
Fubon Financial Holding Co. Ltd.		260,000		535,791
General Insurance Corp. of India(a)		7,546		34,234
Hanwha Life Insurance Co. Ltd.*		12,318		28,011
HDFC Life Insurance Co. Ltd.(a)		17,680		122,758
Hyundai Marine & Fire Insurance Co. Ltd.*		1,262		32,055
ICICI Lombard General Insurance Co. Ltd.(a)		3,830		69,047
ICICI Prudential Life Insurance Co. Ltd.(a)		5,670		34,361
Korean Reinsurance Co.*		53,560		304,188
LPI Capital Bhd.		4,900		12,825
Max Financial Services Ltd.*		2,721		29,171
Mercuries & Associates Holding Ltd.*		272,480		107,949
Mercuries Life Insurance Co. Ltd.*		1,380,057		212,523
Mirae Asset Life Insurance Co. Ltd.*		21,216		91,881
Momentum Metropolitan Holdings		43,244		48,757
New China Life Insurance Co. Ltd., Class A		4,700		20,032
New China Life Insurance Co. Ltd., Class H		26,000		46,431
Old Mutual Ltd.		136,136		91,129
OUTsurance Group Ltd.		10,487		23,597
PB Fintech Ltd.*		5,512		66,534
People’s Insurance Co. Group of China Ltd. (The), Class H		237,000		73,672
PICC Property & Casualty Co. Ltd., Class H		208,000		258,628
Ping An Insurance Group Co. of China Ltd., Class A		26,100		147,267
Ping An Insurance Group Co. of China Ltd., Class H		182,000		761,316
Porto Seguro SA*		5,000		26,998
Qatar Insurance Co. SAQ*		85,176		53,805
Qualitas Controladora SAB de CV		5,200		57,578
Samsung Fire & Marine Insurance Co. Ltd.*		936		185,145


Investments	Shares		Value ($)
Samsung Life Insurance Co. Ltd.		2,704		140,402
Sanlam Ltd.		51,740		198,712
Santam Ltd.		723		11,282
SBI Life Insurance Co. Ltd.(a)		6,864		115,812
Shin Kong Financial Holding Co. Ltd.*		391,264		105,005
Shinkong Insurance Co. Ltd.		104,000		229,269
Star Health & Allied Insurance Co. Ltd.*		1,470		10,247
Syarikat Takaful Malaysia Keluarga Bhd.		260,000		208,330
Thai Life Insurance PCL, NVDR		63,600		14,969
Tongyang Life Insurance Co. Ltd.*		14,215		52,508
ZhongAn Online P&C Insurance Co. Ltd., Class H*(a)		11,000		17,111

				6,356,611

Interactive Media & Services - 2.0%
AfreecaTV Co. Ltd.*		275		21,449
Autohome, Inc., Class A		5,000		29,838
Baidu, Inc., Class A*		37,550		487,073
Dear U Co. Ltd.*		423		9,445
Info Edge India Ltd.		1,396		84,584
JOYY, Inc., ADR		1,092		33,481
Kakao Corp.*		5,304		208,639
Kuaishou Technology*(a)		41,600		208,073
Meitu, Inc.*(a)(b)		48,000		14,245
NAVER Corp.		2,444		367,154
Tencent Holdings Ltd.		104,900		3,631,193
Weibo Corp., Class A(b)		1,960		15,457

				5,110,631

IT Services - 1.5%
Al Moammar Information Systems Co.		505		17,883
Arabian Internet & Communications Services Co.		384		33,586
Chinasoft International Ltd.		46,000		26,186
Coforge Ltd.		1,092		82,187
Cyient Ltd.		1,392		33,085
Elm Co.		416		100,059
GDS Holdings Ltd., Class A*(b)		14,700		9,741
Happiest Minds Technologies Ltd.		2,940		31,015
HCL Technologies Ltd.		18,044		342,438
Hyundai Autoever Corp.*		94		10,424
Infosys Ltd.		68,900		1,378,021
Jasmine Technology Solution PCL, NVDR*		4,100		8,927
Kingsoft Cloud Holdings Ltd.*		96,000		16,088
LTIMindtree Ltd.(a)		1,553		101,893
Mphasis Ltd.		1,296		40,553
Perfect Presentation For Commercial Services Co.*		32,812		240,615
Persistent Systems Ltd.		974		97,972
Posco DX Co. Ltd.*		816		35,033
Samsung SDS Co. Ltd.		1,248		142,132
Sonata Software Ltd.		5,708		52,788
Systex Corp.		8,208		30,289
Tata Consultancy Services Ltd.		16,952		778,963
Tech Mahindra Ltd.		11,128		178,711


Investments	Shares		Value ($)
Wipro Ltd.		22,724		130,840

				3,919,429

Leisure Products - 0.2%
Ferretti SpA		72,800		230,490
Fusheng Precision Co. Ltd.		1,000		7,237
Giant Manufacturing Co. Ltd.		5,181		29,547
GOLFZON Co. Ltd.*		1,820		109,365
Johnson Health Tech Co. Ltd.		2,000		4,147
Merida Industry Co. Ltd.		1,000		5,479
Topkey Corp.		34,563		201,529

				587,794

Life Sciences Tools & Services - 0.2%
Divi’s Laboratories Ltd.		2,132		94,236
EirGenix, Inc.*		6,144		18,491
Genscript Biotech Corp.*(b)		8,000		13,263
LegoChem Biosciences, Inc.*		816		30,814
Peptron, Inc.*		672		12,160
Samsung Biologics Co. Ltd.*(a)		312		196,366
ST Pharm Co. Ltd.*		141		6,540
Syngene International Ltd.(a)		4,200		37,957
WuXi AppTec Co. Ltd., Class A		4,760		35,934
WuXi AppTec Co. Ltd., Class H(a)(b)		5,218		36,045

				481,806

Machinery - 1.2%
Action Construction Equipment Ltd.		1,488		17,506
AIA Engineering Ltd.		600		29,676
Airtac International Group		1,913		57,452
Ashok Leyland Ltd.		25,532		54,081
China CSSC Holdings Ltd., Class A		10,700		45,590
China International Marine Containers Group Co. Ltd., Class A		9,600		10,684
China International Marine Containers Group Co. Ltd., Class H(b)		9,400		6,541
Cochin Shipyard Ltd.(a)		4,212		46,267
Craftsman Automation Ltd.		343		18,076
Creative & Innovative System*		2,703		19,321
CSBC Corp. Taiwan*		29,992		17,296
Cummins India Ltd.		2,520		69,608
Doosan Bobcat, Inc.		1,352		51,562
Doosan Robotics, Inc.*		336		17,295
Elgi Equipments Ltd.		3,360		24,879
Escorts Kubota Ltd.		564		20,261
GMM Pfaudler Ltd.		490		9,158
Grindwell Norton Ltd.		771		21,990
Haitian International Holdings Ltd.		16,000		35,655
Hana Technology Co. Ltd.*		245		9,674
Hanwha Ocean Co. Ltd.*		937		15,410
HD Hyundai Construction Equipment Co. Ltd.*		5,252		200,691
HD Hyundai Heavy Industries Co. Ltd.*		282		24,108
HD Hyundai Infracore Co. Ltd.*		3,822		22,108
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.*		1,404		119,398


Investments	Shares		Value ($)
Hiwin Technologies Corp.		5,535		38,905
Hyundai Elevator Co. Ltd.*		676		20,564
Hyundai Mipo Dockyard Co. Ltd.*		400		20,260
Hyundai Rotem Co. Ltd.*		1,175		24,959
Jiangsu Hengli Hydraulic Co. Ltd., Class A		4,800		32,599
Jupiter Wagons Ltd.		4,848		23,585
Kangwon Energy Co. Ltd.*		637		6,219
Kaori Heat Treatment Co. Ltd.		1,000		7,253
Kenmec Mechanical Engineering Co. Ltd.		7,824		15,173
Kinik Co.		6,000		42,077
Kirloskar Oil Engines Ltd.		3,216		27,531
KSB Ltd.		539		23,679
Lakshmi Machine Works Ltd.		312		51,547
LK Technology Holdings Ltd.		22,000		8,612
Marcopolo SA		81,626		102,423
Marcopolo SA (Preference)		260,000		420,959
Morimatsu International Holdings Co. Ltd.*(a)		211,000		106,077
MTAR Technologies Ltd.*(a)		816		20,640
Ningbo Deye Technology Co. Ltd., Class A		900		8,470
Otokar Otomotiv ve Savunma Sanayi A/S*		1,440		23,111
Pentamaster Corp. Bhd.		30,600		26,136
People & Technology, Inc.*		441		11,978
Rainbow Robotics*		144		15,547
Sam Engineering & Equipment M Bhd.		4,700		3,518
Samsung Heavy Industries Co. Ltd.*		11,908		65,221
Sany Heavy Equipment International Holdings Co. Ltd.(b)		12,000		7,783
Sany Heavy Industry Co. Ltd., Class A		14,100		25,668
Schaeffler India Ltd.		846		31,899
SFA Engineering Corp.		7,436		150,709
Shanghai Zhenhua Heavy Industries Co. Ltd., Class B*		4,800		917
Shin Zu Shing Co. Ltd.		5,760		27,420
Sinotruk Hong Kong Ltd.		26,000		59,069
SK oceanplant Co. Ltd.*		1,219		14,056
SKF India Ltd.		385		21,752
Sunonwealth Electric Machine Industry Co. Ltd.		1,942		7,228
Thermax Ltd.		576		22,066
Tian Di Science & Technology Co. Ltd., Class A		4,900		3,911
Timken India Ltd.		329		13,421
Titagarh Rail System Ltd.		2,400		31,584
Turk Traktor ve Ziraat Makineleri A/S		1,352		35,979
UWC Bhd.*		20,400		13,672
Vesuvius India Ltd.		336		14,363
Waffer Technology Corp.		5,280		17,122
Weichai Power Co. Ltd., Class A		26,000		53,488
Weichai Power Co. Ltd., Class H		52,000		91,797


Investments	Shares		Value ($)
XCMG Construction Machinery Co. Ltd., Class A		28,800		22,584
Yangzijiang Shipbuilding Holdings Ltd.		78,000		98,058
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		4,800		14,040
Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H		10,000		11,551
Zhuzhou CRRC Times Electric Co. Ltd., Class H		11,800		28,952
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		17,700		17,750
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		29,200		15,539

				2,963,708

Marine Transportation - 0.4%
Cia Sud Americana de Vapores SA		402,367		28,925
COSCO SHIPPING Holdings Co. Ltd., Class H(b)		78,000		81,919
Evergreen Marine Corp. Taiwan Ltd.		29,023		139,554
Far-Eastern Shipping Co. plc*‡		302,500		—
Gulf Navigation Holding PJSC*		14,976		28,542
HMM Co. Ltd.*		6,916		99,958
Korea Line Corp.*		63,804		97,046
Log-in Logistica Intermodal SA*		4,212		31,753
MISC Bhd.		36,400		56,562
Orient Overseas International Ltd.(b)		3,500		52,115
Pan Ocean Co. Ltd.*		6,321		17,310
Qatar Navigation QSC		32,552		92,533
Regional Container Lines PCL, NVDR		109,200		77,720
Shanghai Zhonggu Logistics Co. Ltd., Class A		7,252		7,273
Shipping Corp. of India Land & Assets Ltd.*‡		61,005		28,349
Transcoal Pacific Tbk. PT		14,100		6,567
U-Ming Marine Transport Corp.		14,000		21,381
Wan Hai Lines Ltd.		52,000		81,241
Wisdom Marine Lines Co. Ltd.		11,898		19,501
Yang Ming Marine Transport Corp.		55,000		84,083

				1,052,332

Media - 0.6%
Affle India Ltd.*		3,050		45,579
Arabian Contracting Services Co.		240		16,652
Astro Malaysia Holdings Bhd.		707,200		53,825
Cheil Worldwide, Inc.		1,392		19,159
China Literature Ltd.*(a)		6,200		17,964
China South Publishing & Media Group Co. Ltd., Class A		9,600		15,056
Chinese Universe Publishing and Media Group Co. Ltd., Class A		4,800		9,902
Elang Mahkota Teknologi Tbk. PT		201,600		5,928
Focus Media Information Technology Co. Ltd., Class A		38,100		29,983
Grupo Televisa SAB, Series CPO(b)		1,248,816		754,721


Investments	Shares		Value ($)
Innocean Worldwide, Inc.		8,892		145,241
Megacable Holdings SAB de CV(b)		33,360		86,005
MultiChoice Group*		7,200		29,034
Network18 Media & Investments Ltd.*		9,120		12,849
Saudi Research & Media Group*		605		33,557
VGI PCL, NVDR		2,366,000		105,371
Zee Entertainment Enterprises Ltd.*		18,512		38,587

				1,419,413

Metals & Mining - 4.9%
Adaro Minerals Indonesia Tbk. PT*		120,400		11,254
African Rainbow Minerals Ltd.		3,744		37,338
Al Masane Al Kobra Mining Co.		1,403		20,203
Alrosa PJSC‡		85,800		—
Aluminum Corp. of China Ltd., Class A		4,800		3,804
Aluminum Corp. of China Ltd., Class H		104,000		50,555
Amman Mineral Internasional PT*		208,000		99,189
Aneka Tambang Tbk.		201,400		19,783
Angang Steel Co. Ltd., Class H		38,000		6,222
Anglo American Platinum Ltd.		1,560		66,849
APL Apollo Tubes Ltd.		3,565		64,538
Baoshan Iron & Steel Co. Ltd., Class A		62,400		53,452
Beijing Shougang Co. Ltd., Class A*		10,600		4,710
Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret A/S*		720		14,521
Bradespar SA		15,600		66,017
Bradespar SA (Preference)		114,400		527,651
Bumi Resources Minerals Tbk. PT*		1,235,000		12,131
CAP SA		29,588		213,237
Century Iron & Steel Industrial Co. Ltd.		2,544		17,800
China Gold International Resources Corp. Ltd.		4,900		20,340
China Hongqiao Group Ltd.(b)		78,000		57,074
China Metal Recycling Holdings Ltd.*‡		51,000		—
China Nonferrous Mining Corp. Ltd.(b)		63,000		44,406
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		9,300		21,865
China Steel Corp.		214,000		171,955
China Zhongwang Holdings Ltd.*‡		699,600		—
Chung Hung Steel Corp.		23,000		17,489
Cia de Ferro Ligas da Bahia FERBASA (Preference)		65,200		136,441
Cia Siderurgica Nacional SA		20,800		74,636
Citic Pacific Special Steel Group Co. Ltd., Class A		10,600		20,375
CMOC Group Ltd., Class A		43,200		32,312
CMOC Group Ltd., Class H		156,000		85,411
CSN Mineracao SA		9,600		13,212
Dongkuk Steel Mill Co. Ltd.*		21,664		185,531
DRDGOLD Ltd.		10,054		8,028


Investments	Shares		Value ($)
Eregli Demir ve Celik Fabrikalari TAS*		42,848		60,917
EVERGREEN Steel Corp.		6,672		24,088
Ezz Steel Co. SAE*		75,744		194,140
Feng Hsin Steel Co. Ltd.		15,408		33,426
GEM Co. Ltd., Class A		28,800		18,051
Gerdau SA (Preference)		32,670		139,114
Gloria Material Technology Corp.		35,133		53,430
Godawari Power and Ispat Ltd.		29,484		270,400
Gold Fields Ltd.		15,600		233,001
Grupo Mexico SAB de CV, Series B		93,600		483,981
Harmony Gold Mining Co. Ltd.		15,633		98,679
Henan Shenhuo Coal & Power Co. Ltd., Class A		9,700		22,428
Hesteel Co. Ltd., Class A		37,600		10,893
Hindalco Industries Ltd.		43,888		306,182
Hindustan Copper Ltd.		16,483		57,372
Hsin Kuang Steel Co. Ltd.		110,384		196,790
Huaibei Mining Holdings Co. Ltd., Class A		9,400		22,690
Hunan Valin Steel Co. Ltd., Class A		23,500		17,839
Hyundai Steel Co.*		2,238		56,174
Impala Platinum Holdings Ltd.		26,752		105,390
Industrias CH SAB de CV, Class B, Series B*		2,047		22,752
Industrias Penoles SAB de CV*(b)		2,585		34,065
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A*		70,500		13,944
Inner Mongolia ERDOS Resources Co. Ltd., Class A		6,272		8,675
Inner Mongolia ERDOS Resources Co. Ltd., Class B		10,388		8,736
Jai Balaji Industries Ltd.*		2,016		26,712
Jiangxi Copper Co. Ltd., Class A		9,400		23,567
Jiangxi Copper Co. Ltd., Class H		52,000		72,639
Jindal Saw Ltd.		4,128		25,938
Jindal Stainless Ltd.		9,672		67,179
Jindal Steel & Power Ltd.		13,780		125,639
JSW Steel Ltd.		21,632		213,249
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S, Class A		4,508		3,280
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S, Class D		25,039		22,148
KG DONGBUSTEEL		17,472		99,099
Kirloskar Ferrous Industries Ltd.		29,640		227,840
Korea Zinc Co. Ltd.		364		129,138
Koza Altin Isletmeleri A/S		27,440		18,773
Koza Anadolu Metal Madencilik Isletmeleri A/S*		82,680		134,058
Kumba Iron Ore Ltd.		1,560		46,385
Lloyds Metals & Energy Ltd.*		2,064		14,082
Maanshan Iron & Steel Co. Ltd., Class A		21,200		7,795
Maanshan Iron & Steel Co. Ltd., Class H		22,000		3,321
Magnitogorsk Iron & Steel Works PJSC*‡		45,174		—


Investments	Shares		Value ($)
Maharashtra Seamless Ltd.		1,680		21,300
Merdeka Battery Materials Tbk. PT*		456,000		19,072
Merdeka Copper Gold Tbk. PT*		225,762		38,628
Metalurgica Gerdau SA (Preference)		23,400		46,932
Minsur SA		402,844		439,555
MMC Norilsk Nickel PJSC‡		2,090		—
MMG Ltd.*		84,000		21,383
National Aluminium Co. Ltd.		25,680		46,030
Nickel Asia Corp.		2,483,200		213,495
NMDC Ltd.		34,372		90,996
NMDC Steel Ltd.*		515,580		432,424
Northam Platinum Holdings Ltd.		11,180		75,819
Novolipetsk Steel PJSC*‡		51,150		—
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A*		14,100		5,538
PMB Technology Bhd.*		4,700		2,514
Polyus PJSC*‡		1,155		—
Poongsan Corp.		7,436		217,846
POSCO Holdings, Inc.		2,028		647,307
Posco M-Tech Co. Ltd.*		931		16,183
Press Metal Aluminium Holdings Bhd.		62,400		62,532
Qatar Aluminum Manufacturing Co.		42,858		15,067
Ramkrishna Forgings Ltd.		3,648		33,537
Raspadskaya OJSC*‡		4,240		—
Ratnamani Metals & Tubes Ltd.		576		24,793
Sam-A Aluminum Co. Ltd.*		96		6,330
Sarda Energy & Minerals Ltd.		67,600		203,833
Saudi Arabian Mining Co.*		21,273		263,211
SeAH Besteel Holdings Corp.*		6,084		100,059
SeAH Steel Holdings Corp.		780		127,404
Severstal PAO*‡		5,995		—
Shandong Gold Mining Co. Ltd., Class A		10,000		28,651
Shandong Gold Mining Co. Ltd., Class H(a)		12,250		17,645
Shandong Nanshan Aluminum Co. Ltd., Class A		18,800		7,515
Shanxi Meijin Energy Co. Ltd., Class A*		9,400		7,018
Shanxi Taigang Stainless Steel Co. Ltd., Class A		15,900		7,906
Shougang Fushan Resources Group Ltd.		96,000		37,947
Sibanye Stillwater Ltd.		84,188		103,567
Steel Authority of India Ltd.		48,998		72,278
TA Chen Stainless Pipe		61,800		73,253
Tata Steel Ltd.		236,964		387,931
TCC Steel*		240		8,991
Tiangong International Co. Ltd.		624,000		134,103
Tianshan Aluminum Group Co. Ltd., Class A		10,600		7,722
Tongling Nonferrous Metals Group Co. Ltd., Class A		29,400		12,367
Trimegah Bangun Persada Tbk. PT		225,600		12,938


Investments	Shares		Value ($)
Tung Ho Steel Enterprise Corp.		17,050		40,202
United Co. RUSAL International PJSC*‡		75,100		—
Usha Martin Ltd.		6,762		30,279
Usinas Siderurgicas de Minas Gerais SA Usiminas (Preference), Class A		213,200		396,533
Vale Indonesia Tbk. PT		28,200		6,916
Vale SA		105,300		1,444,037
Vedanta Ltd.		30,992		102,201
VSMPO-AVISMA Corp. PJSC‡		53		—
Welspun Corp. Ltd.		5,280		37,347
Western Mining Co. Ltd., Class A		4,800		9,507
Western Superconducting Technologies Co. Ltd., Class A		1,052		5,194
Xiamen Tungsten Co. Ltd., Class A		3,900		8,284
YC INOX Co. Ltd.		156,000		129,836
Young Poong Corp.*		208		82,287
Yunnan Aluminium Co. Ltd., Class A		6,300		9,407
Yunnan Copper Co. Ltd., Class A		4,800		6,753
Yunnan Tin Co. Ltd., Class A		9,600		16,821
Zhaojin Mining Industry Co. Ltd., Class H(b)		24,500		22,879
Zhejiang Huayou Cobalt Co. Ltd., Class A		4,840		16,800
Zijin Mining Group Co. Ltd., Class A		36,400		61,042
Zijin Mining Group Co. Ltd., Class H(b)		104,000		154,059

				12,604,332

Multi-Utilities - 0.1%
Dubai Electricity & Water Authority PJSC		146,588		100,174
Power & Water Utility Co. for Jubail & Yanbu		1,225		20,253
Qatar Electricity & Water Co. QSC		9,684		46,093
YTL Corp. Bhd.		145,600		72,030
YTL Power International Bhd.		84,831		73,712

				312,262

Office REITs - 0.0%(d)
AREIT, Inc., REIT		30,000		17,346
Embassy Office Parks REIT, REIT		8,680		37,540
JR Global Reit, REIT		7,119		21,709
RL Commercial REIT, Inc., REIT		164,500		15,750
Shinhan Alpha REIT Co. Ltd., REIT		3,773		18,375

				110,720

Oil, Gas & Consumable Fuels - 5.3%
3R Petroleum Oleo E Gas SA*		109,232		605,285
Adaro Energy Indonesia Tbk. PT		405,700		61,703
ADNOC Logistics & Services		21,792		23,317
Aegis Logistics Ltd.		4,841		22,015
AKR Corporindo Tbk. PT		140,000		14,373
Aldrees Petroleum and Transport Services Co.		576		24,883
Bangchak Corp. PCL, NVDR		14,000		16,574
Bangchak Sriracha PCL, NVDR		358,800		87,481


Investments	Shares		Value ($)
Banpu PCL, NVDR		93,200		16,288
Bashneft PJSC‡		1,305		—
Bashneft PJSC (Preference)‡		1,163		—
Bayan Resources Tbk. PT		140,400		175,278
Bharat Petroleum Corp. Ltd.		30,147		182,366
Bukit Asam Tbk. PT		106,000		17,532
Bumi Resources Tbk. PT*		5,042,100		29,077
CGN Mining Co. Ltd.*		25,000		6,012
Chennai Petroleum Corp. Ltd.		21,840		224,597
China Coal Energy Co. Ltd., Class A		16,100		27,269
China Coal Energy Co. Ltd., Class H(b)		53,000		58,036
China Merchants Energy Shipping Co. Ltd., Class A		14,100		12,824
China Petroleum & Chemical Corp., Class A		135,200		112,234
China Petroleum & Chemical Corp., Class H		668,000		346,935
China Shenhua Energy Co. Ltd., Class A		18,900		97,718
China Shenhua Energy Co. Ltd., Class H		104,000		393,131
China Suntien Green Energy Corp. Ltd., Class H		50,000		17,269
Coal India Ltd.		66,664		326,040
Cosan SA		36,400		134,591
COSCO SHIPPING Energy Transportation Co. Ltd., Class A		8,600		15,788
COSCO SHIPPING Energy Transportation Co. Ltd., Class H(b)		16,000		14,880
Dana Gas PJSC		2,506,140		504,237
Ecopetrol SA		155,428		92,793
Empresas Copec SA		11,076		70,246
Exxaro Resources Ltd.		6,500		65,448
Formosa Petrochemical Corp.		20,736		49,423
Gazprom PJSC*‡		412,500		—
Great Eastern Shipping Co. Ltd. (The)		46,072		549,549
Guanghui Energy Co. Ltd., Class A		15,100		14,828
Gujarat Mineral Development Corp. Ltd.		3,024		16,678
Harum Energy Tbk. PT*		1,206,400		89,830
HD Hyundai Co. Ltd.		1,196		63,983
Helleniq Energy Holdings SA		1,316		10,593
Hibiscus Petroleum Bhd.		303,480		170,026
Hindustan Petroleum Corp. Ltd.*		19,344		107,908
Indian Oil Corp. Ltd.		114,348		202,344
Indo Tambangraya Megah Tbk. PT		9,400		16,113
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A		10,200		20,984
Inner Mongolia Yitai Coal Co. Ltd., Class B		33,300		62,837
IRPC PCL, NVDR		401,800		22,085
Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A		4,900		8,326
Jizhong Energy Resources Co. Ltd., Class A		4,800		5,041
LUKOIL PJSC‡		12,265		—


Investments	Shares		Value ($)
Mangalore Refinery & Petrochemicals Ltd.*		5,520		11,769
Medco Energi Internasional Tbk. PT		178,600		13,808
MOL Hungarian Oil & Gas plc		10,244		84,383
Motor Oil Hellas Corinth Refineries SA		1,744		47,891
Nanjing Tanker Corp., Class A*		9,800		4,136
Novatek PJSC‡		20,020		—
Oil & Natural Gas Corp. Ltd.		119,392		362,660
Oil India Ltd.		13,404		68,841
Petrindo Jaya Kreasi Tbk. PT*		24,000		10,000
PetroChina Co. Ltd., Class H		624,000		451,003
Petroleo Brasileiro SA		109,200		931,750
Petroleo Brasileiro SA (Preference)		135,200		1,106,806
Petronas Dagangan Bhd.		4,900		22,107
Petronet LNG Ltd.		21,684		70,266
Petroreconcavo SA		62,400		291,093
Pingdingshan Tianan Coal Mining Co. Ltd., Class A		9,800		15,697
PRIO SA		25,300		224,936
PTT Exploration & Production PCL		469		1,976
PTT Exploration & Production PCL, NVDR		46,331		195,889
PTT PCL, NVDR		244,400		232,499
Qatar Fuel QSC		13,156		56,729
Qatar Gas Transport Co. Ltd.		57,526		54,824
Rabigh Refining & Petrochemical Co.*		10,752		26,205
Reliance Industries Ltd.		69,056		2,372,653
Rosneft Oil Co. PJSC‡		72,122		—
Rosneft Oil Co. PJSC, GDR*‡(a)		1,920		—
Saudi Arabian Oil Co.(a)		74,256		605,913
Semirara Mining & Power Corp., Class A		42,200		23,238
Shaanxi Coal Industry Co. Ltd., Class A		26,000		87,565
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A		7,050		9,496
Shandong Xinchao Energy Corp. Ltd., Class A*		4,900		1,904
Shanxi Coking Coal Energy Group Co. Ltd., Class A		9,400		13,734
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		10,000		33,010
SK Discovery Co. Ltd.		4,108		119,733
SK Gas Ltd.		48		5,492
SK Innovation Co. Ltd.*		1,768		155,121
S-Oil Corp.		1,443		73,845
Star Petroleum Refining PCL, NVDR		33,500		7,932
Surgutneftegas PJSC‡		319,000		—
Surgutneftegas PJSC (Preference)‡		225,500		—
Tatneft PJSC‡		26,900		—
Tatneft PJSC (Preference)‡		3,870		—
Thai Oil PCL, NVDR		36,402		56,177
Thungela Resources Ltd.		4,116		26,539


Investments	Shares		Value ($)
Transneft PJSC (Preference)‡		55		—
Turkiye Petrol Rafinerileri A/S		24,544		121,328
Ultrapar Participacoes SA		12,238		69,771
United Tractors Tbk. PT		41,600		60,502
Vista Energy SAB de CV, ADR*		2,288		74,955
Yancoal Australia Ltd.(a)		9,400		36,675
Yankuang Energy Group Co. Ltd., Class A		7,950		25,302
Yankuang Energy Group Co. Ltd., Class H(b)		69,000		141,579

				13,614,500

Paper & Forest Products - 0.6%
Century Plyboards India Ltd.		3,256		30,784
Century Textiles & Industries Ltd.		2,118		36,368
Chung Hwa Pulp Corp.		16,800		12,104
Dexco SA*		14,700		23,027
Dongwha Enterprise Co. Ltd.*		441		20,585
Empresas CMPC SA		26,895		43,718
Indah Kiat Pulp & Paper Tbk. PT		90,900		45,075
JK Paper Ltd.		39,780		209,406
Lee & Man Paper Manufacturing Ltd.(b)		1,144,000		307,320
Longchen Paper & Packaging Co. Ltd.		364,000		161,070
Nine Dragons Paper Holdings Ltd.*		55,000		20,403
Pabrik Kertas Tjiwi Kimia Tbk. PT		556,400		220,374
Sappi Ltd.(b)		16,314		39,086
Shandong Sun Paper Industry JSC Ltd., Class A		9,400		15,908
Shihlin Paper Corp.*		9,648		16,430
Suzano SA		20,800		217,299
YFY, Inc.		22,472		21,539

				1,440,496

Passenger Airlines - 0.5%
Aegean Airlines SA*		1,056		14,086
Aeroflot PJSC*‡		74,029		—
Air Arabia PJSC		68,952		55,943
Asiana Airlines, Inc.*		1,104		10,042
Azul SA (Preference)*		11,500		31,187
Bangkok Airways PCL, NVDR		39,100		16,201
China Airlines Ltd.		61,000		39,758
China Eastern Airlines Corp. Ltd., Class A*		14,300		7,449
China Eastern Airlines Corp. Ltd., Class H*(b)		46,000		11,416
China Southern Airlines Co. Ltd., Class A*		14,100		11,312
China Southern Airlines Co. Ltd., Class H*(b)		24,000		8,873
Eva Airways Corp.		104,000		104,999
Hainan Airlines Holding Co. Ltd., Class A*		67,200		12,823
Hanjin Kal Corp.*		816		44,632
InterGlobe Aviation Ltd.*(a)		4,004		142,783
Jazeera Airways Co. KSCP		4,053		15,008
Jeju Air Co. Ltd.*		16,692		155,333
Jin Air Co. Ltd.*		10,556		103,610
Korean Air Lines Co. Ltd.*		5,408		91,170


Investments	Shares		Value ($)
Latam Airlines Group SA*		7,553,599		93,121
Pegasus Hava Tasimaciligi A/S*		1,081		26,808
Spring Airlines Co. Ltd., Class A*		4,600		33,541
Turk Hava Yollari AO*		20,835		187,277

				1,217,372

Personal Care Products - 0.5%
Amorepacific Corp.*		687		60,740
AMOREPACIFIC Group*		611		11,262
Colgate-Palmolive India Ltd.		2,014		62,306
Cosmax, Inc.*		144		12,494
Dabur India Ltd.		11,492		74,672
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S		5,880		9,135
Emami Ltd.		3,696		22,247
Giant Biogene Holding Co. Ltd.*(a)		10,400		42,107
Gillette India Ltd.		192		15,227
Godrej Consumer Products Ltd.		6,552		91,853
Grape King Bio Ltd.		4,752		23,153
Hengan International Group Co. Ltd.		26,000		80,489
Hindustan Unilever Ltd.		15,184		453,735
Hyundai Bioscience Co. Ltd.*		576		10,660
Industri Jamu Dan Farmasi Sido Muncul Tbk. PT		456,000		14,738
Kolmar BNH Co. Ltd.*		931		11,140
Kolmar Korea Co. Ltd.*		240		8,775
LG H&H Co. Ltd.		144		32,746
LG H&H Co. Ltd. (Preference)		43		4,407
Microbio Co. Ltd.		1,580		2,345
Natura & Co. Holding SA*		14,958		48,436
Procter & Gamble Hygiene & Health Care Ltd.		266		55,238
Sarantis SA		1,666		15,889
TCI Co. Ltd.		1,000		5,495

				1,169,289

Pharmaceuticals - 1.3%
Ajanta Pharma Ltd.		576		15,081
Alembic Pharmaceuticals Ltd.		3,400		39,325
Alkem Laboratories Ltd.		1,040		62,568
Aspen Pharmacare Holdings Ltd.		5,512		57,518
Asymchem Laboratories Tianjin Co. Ltd., Class A		700		8,338
Aurobindo Pharma Ltd.		5,460		75,637
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		5,000		6,044
Bora Pharmaceuticals Co. Ltd.		1,008		21,674
Boryung*		2,597		23,603
Caplin Point Laboratories Ltd.		912		15,906
Caregen Co. Ltd.		144		2,314
Celltrion Pharm, Inc.*		143		10,924
Center Laboratories, Inc.		11,446		16,694
Changchun High & New Technology Industry Group, Inc., Class A		600		9,548
China Medical System Holdings Ltd.		52,000		74,502


Investments	Shares		Value ($)
China Resources Pharmaceutical Group Ltd.(a)		51,000		31,054
China Traditional Chinese Medicine Holdings Co. Ltd.		104,000		39,779
Chong Kun Dang Pharmaceutical Corp.*		302		24,890
Cipla Ltd.		9,516		154,811
Concord Biotech Ltd.*		1,056		18,514
CSPC Pharmaceutical Group Ltd.		152,080		111,668
Daewoong Co. Ltd.*		10,452		181,685
Daewoong Pharmaceutical Co. Ltd.*		49		4,064
Dong-A Socio Holdings Co. Ltd.		1,352		108,290
DongKook Pharmaceutical Co. Ltd.		720		9,662
Dr Reddy’s Laboratories Ltd.		2,270		167,322
Eris Lifesciences Ltd.*(a)		3,068		33,850
Gland Pharma Ltd.*(a)		971		22,877
GlaxoSmithKline Pharmaceuticals Ltd.		376		10,187
Glenmark Pharmaceuticals Ltd.		2,400		26,305
Grand Pharmaceutical Group Ltd.		52,000		22,417
Granules India Ltd.		5,750		28,783
Hanall Biopharma Co. Ltd.*		576		13,314
Hanmi Pharm Co. Ltd.*		150		36,414
Hanmi Science Co. Ltd.*		671		19,708
Hansoh Pharmaceutical Group Co. Ltd.(a)		16,000		23,988
HK inno N Corp.*		192		6,028
Hua Han Health Industry Holdings Ltd.*‡		3,780,000		—
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A		3,100		13,018
Hypera SA*		10,400		66,785
Ipca Laboratories Ltd.		3,950		53,285
Jamjoom Pharmaceuticals Factory Co.		480		17,894
JB Chemicals & Pharmaceuticals Ltd.		1,152		23,360
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A		10,200		53,205
Joincare Pharmaceutical Group Industry Co. Ltd., Class A		4,700		7,031
Kalbe Farma Tbk. PT		358,400		34,296
Laurus Labs Ltd.(a)		8,100		37,197
Livzon Pharmaceutical Group, Inc., Class H(b)		3,930		11,965
Lotus Pharmaceutical Co. Ltd.		2,000		17,860
Lupin Ltd.		3,502		63,481
Luye Pharma Group Ltd.*(a)		24,000		8,074
Mankind Pharma Ltd.*		2,150		51,779
Natco Pharma Ltd.		3,552		37,033
Oneness Biotech Co. Ltd.		4,197		23,198
Oscotec, Inc.*		1,034		14,797
Pfizer Ltd.		341		17,751
Pharmally International Holding Co. Ltd.*‡		2,564		—
Piramal Pharma Ltd.*		28,602		49,683
Richter Gedeon Nyrt.		4,251		115,339
Sam Chun Dang Pharm Co. Ltd.*		240		11,527


Investments	Shares		Value ($)
Sanofi India Ltd.		144		15,023
Saudi Pharmaceutical Industries & Medical Appliances Corp.*		1,470		13,426
SciClone Pharmaceuticals Holdings Ltd.(a)		104,000		147,673
Shandong Sinobioway Biomedicine Co. Ltd., Class A*		4,800		7,013
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		6,900		20,970
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H(b)		8,000		13,570
Shanghai Shyndec Pharmaceutical Co. Ltd., Class A		14,400		17,349
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A		4,700		12,890
Shin Poong Pharmaceutical Co. Ltd.*		1,824		15,717
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		4,800		15,457
Sihuan Pharmaceutical Holdings Group Ltd.		125,000		8,635
Sino Biopharmaceutical Ltd.(b)		184,999		66,500
SK Biopharmaceuticals Co. Ltd.*		330		22,995
Sun Pharmaceutical Industries Ltd.		19,161		327,284
Suven Pharmaceuticals Ltd.*		6,200		50,231
Synmosa Biopharma Corp.		16,272		19,522
Tianjin Pharmaceutical Da Re Tang Group Corp. Ltd., Class S		9,600		16,512
Torrent Pharmaceuticals Ltd.		1,434		43,707
TTY Biopharm Co. Ltd.		2,575		6,401
United Laboratories International Holdings Ltd. (The)(b)		12,000		10,362
Yuhan Corp.*		1,197		53,094
Yunnan Baiyao Group Co. Ltd., Class A		4,800		31,095
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		200		5,555
Zhejiang NHU Co. Ltd., Class A		4,800		10,724
Zydus Lifesciences Ltd.		4,844		44,378

				3,259,927

Professional Services - 0.1%
BLS International Services Ltd.		3,626		18,339
Computer Age Management Services Ltd.		1,007		35,129
CTOS Digital Bhd.		84,900		25,309
eClerx Services Ltd.		679		22,298
Firstsource Solutions Ltd.		6,900		17,000
L&T Technology Services Ltd.(a)		510		34,293
My EG Services Bhd.		88,989		14,675
NICE Information Service Co. Ltd.*		14,716		108,607
RITES Ltd.		6,408		57,352
Sporton International, Inc.		3,150		23,298

				356,300

Real Estate Management & Development - 3.4%
Aldar Properties PJSC		71,467		99,234
Allos SA		10,400		51,673
Amata Corp. PCL, NVDR		29,300		17,591


Investments	Shares		Value ($)
Anant Raj Ltd.		3,840		14,709
Arabian Centres Co. Ltd.		4,032		21,826
Arriyadh Development Co.		2,145		12,526
Ayala Land, Inc.		90,100		54,577
Barwa Real Estate Co.		73,580		58,302
Bumi Serpong Damai Tbk. PT*		2,802,800		183,834
C&D International Investment Group Ltd.		36,845		60,990
Cathay Real Estate Development Co. Ltd.		418,592		256,107
Cencosud Shopping SA		11,750		19,553
Central Pattana PCL, NVDR		31,900		58,221
China Dili Group*‡		50,001		2,303
China Jinmao Holdings Group Ltd.		99,553		7,896
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		19,600		23,942
China Overseas Grand Oceans Group Ltd.(b)		780,000		182,596
China Overseas Land & Investment Ltd.		104,000		156,454
China Overseas Property Holdings Ltd.		30,000		19,841
China Resources Land Ltd.		80,000		241,517
China Resources Mixc Lifestyle Services Ltd.(a)		9,800		28,269
China Vanke Co. Ltd., Class A		24,000		32,091
China Vanke Co. Ltd., Class H(b)		62,400		48,932
Chong Hong Construction Co. Ltd.		104,000		252,196
Ciputra Development Tbk. PT		3,868,849		306,468
Commercial Real Estate Co. KSC		646,035		222,626
Corp. Inmobiliaria Vesta SAB de CV		9,600		36,582
Cosmopolitan International Holdings Ltd.*(b)		28,200		6,998
Country Garden Holdings Co. Ltd.*(b)		282,000		22,727
Country Garden Services Holdings Co. Ltd.(b)		52,000		34,191
D B Realty Ltd.*		8,592		26,130
Dar Al Arkan Real Estate Development Co.*		7,655		26,537
Delpha Construction Co. Ltd.		42,430		51,378
DLF Ltd.		13,884		134,186
Eco World Development Group Bhd.		499,200		139,312
Emaar Development PJSC		27,494		52,099
Emaar Economic City*		9,847		20,849
Emaar Properties PJSC		185,900		376,057
Fortress Real Estate Investments Ltd., Class A*(b)		62,712		51,926
Fortress Real Estate Investments Ltd., Class B*		46,844		19,066
Gemdale Corp., Class A		14,100		7,915
Godrej Properties Ltd.*		2,184		62,518
Greenland Holdings Corp. Ltd., Class A*		33,600		9,875
Greentown China Holdings Ltd.(b)		25,000		18,741
Greentown Service Group Co. Ltd.(a)		624,000		192,375


Investments	Shares		Value ($)
Hainan Airport Infrastructure Co. Ltd., Class A*		9,800		4,764
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A		4,300		4,073
Hanson International Tbk. PT*‡		2,409,275		—
Highwealth Construction Corp.		52,000		65,790
Hopson Development Holdings Ltd.*(b)		24,816		11,460
Huaku Development Co. Ltd.		5,184		15,751
Huang Hsiang Construction Corp.		52,000		71,439
Iguatemi SA		10,400		50,262
IOI Properties Group Bhd.		52,800		24,112
KE Holdings, Inc., ADR		11,960		169,473
Kindom Development Co. Ltd.		156,400		197,627
LAMDA Development SA*		1,368		10,372
Land & Houses PCL, NVDR		83,200		17,940
Longfor Group Holdings Ltd.(a)(b)		54,488		60,014
LSR Group PJSC, Class A‡		21,295		—
Mabanee Co. KPSC		15,639		39,148
Macrotech Developers Ltd.(a)		4,403		56,737
Mah Sing Group Bhd.		702,000		139,509
MAS P.L.C.		168,688		168,699
Matrix Concepts Holdings Bhd.		374,400		139,312
MBK PCL, NVDR		30,344		13,685
Megaworld Corp.		4,056,000		141,216
Metropolitan Kentjana Tbk. PT		9,600		16,882
Midea Real Estate Holding Ltd.(a)(b)		124,800		66,732
Multiplan Empreendimentos Imobiliarios SA*		5,000		28,192
Oberoi Realty Ltd.		1,551		24,723
Onewo, Inc., Class H		9,600		21,638
Origin Property PCL, NVDR		312,000		71,674
OSK Holdings Bhd.		431,600		138,696
Pakuwon Jati Tbk. PT		155,100		4,128
Parque Arauco SA		301,236		480,284
Phoenix Mills Ltd. (The)		1,732		50,552
Plaza SA*		7,728		10,647
Poly Developments and Holdings Group Co. Ltd., Class A		31,200		41,458
Prestige Estates Projects Ltd.		2,208		33,645
Prince Housing & Development Corp.		50,000		16,773
Pruksa Holding PCL, NVDR		275,600		93,996
Quality Houses PCL, NVDR		1,924,000		120,394
Radiance Holdings Group Co. Ltd.*(a)(b)		49,000		18,930
Red Star Macalline Group Corp. Ltd., Class A		14,700		6,818
Redco Properties Group Ltd.*‡(a)		294,000		44,468
Retal Urban Development Co., Class A		69,056		163,889
Robinsons Land Corp.		743,600		211,344
Ruentex Development Co. Ltd.		52,000		59,394
Salhia Real Estate Co. KSCP		16,277		23,230
Sansiri PCL, NVDR		2,766,400		139,577
Saudi Real Estate Co.*		3,478		16,787
Seazen Group Ltd.*(b)		1,144,000		156,587
Seazen Holdings Co. Ltd., Class A*		4,700		6,442


Investments	Shares		Value ($)
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., Class B		4,800		4,306
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		4,900		1,818
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A		4,700		10,461
Shenzhen Investment Ltd.(b)		1,040,000		146,343
Shenzhen Overseas Chinese Town Co. Ltd., Class A*		22,200		9,122
Shoucheng Holdings Ltd.		98,000		17,175
Sichuan Languang Justbon Services Group Co. Ltd., Class H*‡		26,500		—
SignatureGlobal India Ltd.*		765		10,546
Sime Darby Property Bhd.		86,400		14,065
Sinic Holdings Group Co. Ltd.*‡		318,000		—
SK D&D Co. Ltd.		3,744		70,832
SM Prime Holdings, Inc.		202,800		123,384
SP Setia Bhd. Group		852,800		162,266
Sunac China Holdings Ltd.*		1,456,000		212,330
Supalai PCL, NVDR		23,800		13,216
Talaat Moustafa Group		409,728		437,574
United Development Co. QSC		774,852		221,325
UOA Development Bhd.		26,500		10,141
WHA Corp. PCL, NVDR		117,490		15,697
Youngor Fashion Co. Ltd.		14,400		13,518
Yuexiu Property Co. Ltd.		57,079		35,559
Yungshin Construction & Development Co. Ltd.		31,710		93,916
Zhuhai Huafa Properties Co. Ltd., Class A		4,900		4,545

				8,821,138

Residential REITs - 0.0%(d)
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S, REIT		63,896		21,162

Retail REITs - 0.4%
CPN Retail Growth Leasehold REIT, REIT		44,100		13,673
Hyprop Investments Ltd., REIT		176,073		304,078
IGB REIT, REIT		53,900		20,056
LOTTE Reit Co. Ltd., REIT		1,828		4,225
Pavilion REIT, REIT		15,000		4,123
Resilient REIT Ltd., REIT		133,073		337,355
Sunway REIT, REIT		53,900		18,005
Vukile Property Fund Ltd., REIT		435,500		354,746

				1,056,261

Semiconductors & Semiconductor Equipment - 6.4%
3peak, Inc., Class A		245		3,333
ADATA Technology Co. Ltd.		8,352		25,590
Advanced Wireless Semiconductor Co.*		5,104		20,221
Alchip Technologies Ltd.		1,184		147,530
Amlogic Shanghai Co. Ltd., Class A		1,536		9,497
Andes Technology Corp.		1,507		23,809


Investments	Shares		Value ($)
Anji Microelectronics Technology Shanghai Co. Ltd., Class A		127		2,150
AP Memory Technology Corp.		2,224		37,162
Ardentec Corp.		12,672		29,919
ASE Technology Holding Co. Ltd.		104,000		451,892
ASPEED Technology, Inc.		664		65,446
Cambricon Technologies Corp. Ltd., Class A*		288		4,413
China Resources Microelectronics Ltd., Class A		1,350		7,115
Chipbond Technology Corp.		21,776		50,093
ChipMOS Technologies, Inc.		15,504		21,201
D&O Green Technologies Bhd.*		15,300		10,998
Daqo New Energy Corp., ADR*(b)		1,536		27,725
DB HiTek Co. Ltd.*		988		36,902
Duk San Neolux Co. Ltd.*		423		12,234
Elan Microelectronics Corp.		1,000		4,792
Elite Semiconductor Microelectronics Technology, Inc.		12,360		36,409
eMemory Technology, Inc.		1,000		89,458
Ennostar, Inc.*		7,000		9,404
Eo Technics Co. Ltd.*		144		18,547
Episil Technologies, Inc.		6,292		12,665
Eugene Technology Co. Ltd.		988		31,239
Everlight Electronics Co. Ltd.		198,343		307,342
Faraday Technology Corp.		4,000		53,228
Fitipower Integrated Technology, Inc.		1,488		11,172
Flat Glass Group Co. Ltd., Class A		5,200		14,783
Flat Glass Group Co. Ltd., Class H		7,000		10,548
FocalTech Systems Co. Ltd.		9,176		29,053
Formosa Advanced Technologies Co. Ltd.		67,312		81,399
Formosa Sumco Technology Corp.		1,000		5,176
Foxsemicon Integrated Technology, Inc.		42,226		291,405
GCL System Integration Technology Co. Ltd., Class A*		9,800		3,303
GCL Technology Holdings Ltd.(b)		572,000		65,854
GemVax & Kael Co. Ltd.*		920		8,768
GigaDevice Semiconductor, Inc., Class A		1,440		12,536
Global Mixed Mode Technology, Inc.		2,448		19,240
Global Unichip Corp.		1,432		70,686
Globalwafers Co. Ltd.		5,616		103,889
Greatek Electronics, Inc.		7,632		14,460
Gudeng Precision Industrial Co. Ltd.		1,812		23,273
HAESUNG DS Co. Ltd.*		4,576		172,459
Hana Materials, Inc.		318		11,270
Hangzhou First Applied Material Co. Ltd., Class A		3,724		11,790
Hangzhou Silan Microelectronics Co. Ltd., Class A		5,200		13,160
Hanmi Semiconductor Co. Ltd.*		1,007		44,289
Holtek Semiconductor, Inc.		5,712		11,278
HPSP Co. Ltd.*		768		25,866
Hua Hong Semiconductor Ltd.*(a)		6,000		10,899


Investments	Shares		Value ($)
Inari Amertron Bhd.		39,200		26,354
Innox Advanced Materials Co. Ltd.		5,980		122,768
ISC Co. Ltd.*		144		8,308
JA Solar Technology Co. Ltd., Class A		9,992		23,701
JCET Group Co. Ltd., Class A		4,800		15,029
Jentech Precision Industrial Co. Ltd.		1,287		30,839
Jinko Solar Co. Ltd., Class A		16,128		17,836
Jusung Engineering Co. Ltd.		1,152		28,527
King Yuan Electronics Co. Ltd.		18,480		49,596
Kinsus Interconnect Technology Corp.		4,000		12,844
Koh Young Technology, Inc.*		1,692		22,122
LEENO Industrial, Inc.*		94		14,009
LONGi Green Energy Technology Co. Ltd., Class A		15,248		41,096
LX Semicon Co. Ltd.		235		13,752
M31 Technology Corp.		384		21,593
Macronix International Co. Ltd.		52,000		48,512
Marketech International Corp.		41,900		196,117
MediaTek, Inc.		27,061		835,187
Montage Technology Co. Ltd., Class A		1,692		10,652
MPI Corp.		1,168		10,318
Nanya Technology Corp.		30,266		66,432
NAURA Technology Group Co. Ltd., Class A		200		6,345
NEXTIN, Inc.*		265		14,316
Novatek Microelectronics Corp.		9,312		152,029
Nuvoton Technology Corp.		4,000		16,422
Orient Semiconductor Electronics Ltd.		14,256		29,013
Pan Jit International, Inc.		8,000		15,821
Parade Technologies Ltd.		1,400		49,873
Phison Electronics Corp.		2,776		46,829
Pixart Imaging, Inc.		7,248		36,935
Powerchip Semiconductor Manufacturing Corp.		52,000		44,857
Powertech Technology, Inc.		20,000		92,973
Radiant Opto-Electronics Corp.		14,330		63,410
Raydium Semiconductor Corp.		1,824		21,941
Realtek Semiconductor Corp.		8,134		122,012
S&S Tech Corp.		423		13,628
Sanan Optoelectronics Co. Ltd., Class A		4,800		7,361
SDI Corp.		1,781		5,832
Seoul Semiconductor Co. Ltd.*		1,911		14,948
SFA Semicon Co. Ltd.*		3,381		16,137
Shanghai Aiko Solar Energy Co. Ltd., Class A		4,800		9,226
Shanghai Fudan Microelectronics Group Co. Ltd., Class A		1,050		3,972
Shanghai Fudan Microelectronics Group Co. Ltd., Class H		4,000		4,774
Sigurd Microelectronics Corp.		208,000		449,899
Silergy Corp.		5,000		61,582
Silicon Integrated Systems Corp.		9,168		12,127
SIMMTECH Co. Ltd.*		9,464		239,676


Investments	Shares		Value ($)
Sino-American Silicon Products, Inc.		16,352		100,308
Sitronix Technology Corp.		2,160		18,805
SK Hynix, Inc.		9,360		944,661
Sunplus Technology Co. Ltd.		5,116		5,280
Taiwan Mask Corp.		7,000		15,118
Taiwan Semiconductor Co. Ltd.		9,000		23,147
Taiwan Semiconductor Manufacturing Co. Ltd.		410,587		8,238,107
Taiwan-Asia Semiconductor Corp.		13,000		18,088
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A		10,375		17,774
Tokai Carbon Korea Co. Ltd.*		86		6,811
Tongwei Co. Ltd., Class A		9,600		31,155
Topco Scientific Co. Ltd.		2,704		16,198
TSEC Corp.		26,708		24,234
Unigroup Guoxin Microelectronics Co. Ltd., Class A*		4,079		29,725
Unisem M Bhd.		14,700		9,976
United Microelectronics Corp.		364,000		569,849
United Renewable Energy Co. Ltd.		50,256		20,793
UPI Semiconductor Corp.		2,688		22,071
Vanguard International Semiconductor Corp.		13,440		31,561
Verisilicon Microelectronics Shanghai Co. Ltd., Class A*		528		2,549
Via Technologies, Inc.		5,424		24,001
VisEra Technologies Co. Ltd.		1,392		12,519
Visual Photonics Epitaxy Co. Ltd.		7,672		33,091
ViTrox Corp. Bhd.		4,700		6,886
Wafer Works Corp.		26,154		34,469
Win Semiconductors Corp.		6,961		34,472
Winbond Electronics Corp.		59,371		51,595
WONIK IPS Co. Ltd.*		329		7,481
Wonik QnC Corp.*		7,020		149,116
Xinjiang Daqo New Energy Co. Ltd., Class A		5,488		20,019
XinTec, Inc.		3,000		12,029
Xinyi Solar Holdings Ltd.		114,000		52,208

				16,368,496

Software - 0.3%
360 Security Technology, Inc., Class A*		9,800		9,323
Ahnlab, Inc.*		190		10,364
AsiaInfo Technologies Ltd.(a)		124,800		124,684
Beijing Fourth Paradigm Technology Co. Ltd.*		4,800		30,824
Beijing Kingsoft Office Software, Inc., Class A		611		18,231
Beijing Shiji Information Technology Co. Ltd., Class A*		6,370		6,317
Birlasoft Ltd.		5,838		59,646
CE Info Systems Ltd.		480		11,351
Douzone Bizon Co. Ltd.*		873		31,332
EMRO, Inc.*		294		14,296
Hundsun Technologies, Inc., Class A		4,550		13,334


Investments	Shares		Value ($)
Iflytek Co. Ltd., Class A		4,800		25,673
Intellect Design Arena Ltd.		3,072		33,321
Kingdee International Software Group Co. Ltd.*(b)		52,000		50,089
KPIT Technologies Ltd.		2,593		48,423
Ming Yuan Cloud Group Holdings Ltd.*(b)		60,000		15,888
NavInfo Co. Ltd., Class A*		4,700		4,249
Newgen Software Technologies Ltd.		1,920		19,648
Oracle Financial Services Software Ltd.		282		22,144
Qi An Xin Technology Group, Inc., Class A*		539		2,233
Rategain Travel Technologies Ltd.*		1,968		18,892
Route Mobile Ltd.		954		18,299
Shanghai Baosight Software Co. Ltd., Class B		8,291		16,308
Tanla Platforms Ltd.		2,652		32,900
Tata Elxsi Ltd.		676		61,908
TOTVS SA		10,400		66,343
Weimob, Inc.*(a)(b)		87,000		19,254
Yonyou Network Technology Co. Ltd., Class A		4,700		7,325

				792,599

Specialty Retail - 1.1%
Abu Dhabi National Oil Co. for Distribution PJSC		51,376		49,656
Aditya Birla Fashion and Retail Ltd.*		6,536		19,200
Ali Alghanim Sons Automotive Co. KSCC		56,628		215,761
Aurora Design PCL, NVDR		29,300		11,810
Bermaz Auto Bhd.		56,000		28,888
China Tourism Group Duty Free Corp. Ltd., Class A		4,600		51,135
China Tourism Group Duty Free Corp. Ltd., Class H(a)(b)		2,100		18,348
Chow Tai Fook Jewellery Group Ltd.		45,000		60,789
Com7 PCL, NVDR		9,300		5,557
Cuckoo Homesys Co. Ltd.*		3,536		53,120
Detsky Mir PJSC*‡(a)		258,500		—
Dogan Sirketler Grubu Holding A/S		39,249		17,113
Dogus Otomotiv Servis ve Ticaret A/S		893		8,027
EEKA Fashion Holdings Ltd.		130,000		230,490
Foschini Group Ltd. (The)		11,700		71,557
FSN E-Commerce Ventures Ltd.*		18,240		35,857
Go Fashion India Ltd.*		1,029		13,701
HLA Group Corp. Ltd., Class A		4,900		5,242
Home Product Center PCL, NVDR		78,600		23,263
Hotai Motor Co. Ltd.		7,248		146,815
Hotel Shilla Co. Ltd.		470		20,530
Italtile Ltd.		191,464		123,533
Jarir Marketing Co.		16,588		67,412
JUMBO SA		1,872		52,870
Lojas Renner SA		31,200		101,346


Investments	Shares		Value ($)
M.Video PJSC*‡		31,680		—
Map Aktif Adiperkasa PT		3,931,200		241,652
Metro Brands Ltd.		1,785		23,567
Motus Holdings Ltd.		60,840		342,755
MR DIY Group M Bhd.(a)		57,600		16,805
Mr Price Group Ltd.		7,228		66,588
National Petroleum Co. Ltd.		2,000		4,268
Padini Holdings Bhd.		9,600		7,205
Pan German Universal Motors Ltd.		10,320		96,937
Pepkor Holdings Ltd.(a)(b)		52,780		54,770
Pop Mart International Group Ltd.(a)		9,800		21,964
PTT Oil & Retail Business PCL, NVDR		29,400		14,834
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		9,400		8,157
Shinsegae International, Inc.*		6,084		73,437
Siam Global House PCL, NVDR		40,566		17,380
Super Group Ltd.		143,468		215,988
Topsports International Holdings Ltd.(a)		23,000		14,858
Truworths International Ltd.		10,128		42,513
United Electronics Co.		1,619		38,466
Vibra Energia SA*		31,200		149,967
Wilcon Depot, Inc.		34,300		13,343
Zhongsheng Group Holdings Ltd.		26,000		43,703

				2,941,177

Technology Hardware, Storage & Peripherals - 3.7%
Acer, Inc.		52,000		76,506
Advantech Co. Ltd.		8,734		94,178
AIC, Inc.		912		12,602
Asia Vital Components Co. Ltd.		5,136		69,821
ASROCK, Inc.		2,736		20,236
Asustek Computer, Inc.		20,000		284,669
AURAS Technology Co. Ltd.		3,016		36,279
Catcher Technology Co. Ltd.		9,696		60,252
Chenbro Micom Co. Ltd.		3,360		30,058
Chicony Electronics Co. Ltd.		15,992		84,049
China Greatwall Technology Group Co. Ltd., Class A		5,500		6,366
Clevo Co.		13,536		17,883
Compal Electronics, Inc.		137,883		157,929
CosmoAM&T Co. Ltd.*		312		31,161
Darfon Electronics Corp.		104,000		169,127
Elitegroup Computer Systems Co. Ltd.		148,288		146,632
Ennoconn Corp.		2,304		19,838
Getac Holdings Corp.		13,624		44,834
Gigabyte Technology Co. Ltd.		8,976		88,614
HTC Corp.*		11,432		17,934
Ibase Technology, Inc.		4,512		12,455
IEI Integration Corp.		54,000		134,571
Innodisk Corp.		1,296		12,588
Inventec Corp.		53,008		92,977
King Slide Works Co. Ltd.		1,104		36,683
Kinpo Electronics		612,224		301,227
Legend Holdings Corp., Class H(a)(b)		265,200		211,013


Investments	Shares		Value ($)
Lenovo Group Ltd.(b)		208,000		217,386
Lite-On Technology Corp.		66,392		230,149
Micro-Star International Co. Ltd.		21,000		122,111
Mitac Holdings Corp.		14,304		20,565
Ninestar Corp., Class A		5,200		14,051
Pegatron Corp.		60,304		159,336
Qisda Corp.		52,000		77,254
Quanta Computer, Inc.		52,000		410,358
Quanta Storage, Inc.		91,939		234,698
Samsung Electronics Co. Ltd.		85,748		4,670,797
Samsung Electronics Co. Ltd. (Preference)		13,785		606,286
Shenzhen Transsion Holdings Co. Ltd., Class A		1,316		25,048
Wistron Corp.		84,640		309,631
Wiwynn Corp.		1,632		114,711

				9,482,863

Textiles, Apparel & Luxury Goods - 1.6%
361 Degrees International Ltd.		312,000		137,296
Aksa Akrilik Kimya Sanayii A/S		8,487		26,053
Alok Industries Ltd.*		23,980		9,385
Alpargatas SA (Preference)*		5,500		9,550
ANTA Sports Products Ltd.		20,800		174,680
Arezzo Industria e Comercio SA		4,457		56,458
Bata India Ltd.		848		15,199
Bosideng International Holdings Ltd.		54,000		24,385
Eclat Textile Co. Ltd.		3,546		61,971
F&F Co. Ltd.*		245		13,015
Feng TAY Enterprise Co. Ltd.		11,872		61,447
FF Group*‡		3,536		—
Fila Holdings Corp.		1,167		35,456
Fuguiniao Group Ltd.*‡		334,800		—
Fulgent Sun International Holding Co. Ltd.		61,216		246,433
Golden Solar New Energy Technology Holdings Ltd.*		90,000		44,210
Grendene SA		8,264		11,323
Grupo de Moda Soma SA		260,000		416,749
Hansae Co. Ltd.		5,980		92,300
Kalyan Jewellers India Ltd.		4,224		17,813
KPR Mill Ltd.		1,754		16,689
Lao Feng Xiang Co. Ltd., Class B		7,400		26,403
Li Ning Co. Ltd.		36,000		76,446
Makalot Industrial Co. Ltd.		4,334		49,849
Mavi Giyim Sanayi ve Ticaret A/S, Class B(a)		65,728		308,885
Page Industries Ltd.		104		46,730
Pou Chen Corp.		77,320		78,062
Quang Viet Enterprise Co. Ltd.		24,912		87,552
Rajesh Exports Ltd.		52,728		232,135
Raymond Ltd.		1,316		28,134
Relaxo Footwears Ltd.		987		10,223
Ruentex Industries Ltd.		31,405		60,303
Safari Industries India Ltd.		864		21,140
Shenzhou International Group Holdings Ltd.		15,600		139,192
Shinkong Textile Co. Ltd.		104,000		150,354


Investments	Shares		Value ($)
Swan Energy Ltd.		2,940		22,624
Tainan Spinning Co. Ltd.		49,000		23,248
Taiwan Paiho Ltd.		118,448		202,462
Titan Co. Ltd.		7,072		314,883
Trident Ltd.		22,165		12,705
Vardhman Textiles Ltd.		55,120		283,951
Vedant Fashions Ltd.		864		10,441
VIP Industries Ltd.		3,025		19,621
Vivara Participacoes SA		5,300		36,255
Vulcabras Azaleia SA		31,200		118,837
Welspun Living Ltd.		7,370		14,537
Xtep International Holdings Ltd.		27,500		13,509
Youngone Corp.*		480		17,227
Youngone Holdings Co. Ltd.		2,236		135,871

				4,011,991

Tobacco - 0.3%
British American Tobacco Malaysia Bhd.		57,200		109,805
Eastern Co. SAE		27,721		29,829
Godfrey Phillips India Ltd.		877		25,979
Gudang Garam Tbk. PT		14,900		18,601
ITC Ltd.		49,452		262,940
KT&G Corp.		2,912		197,675
RLX Technology, Inc., ADR(b)		15,484		28,181
Smoore International Holdings Ltd.(a)(b)		52,000		31,464

				704,474

Trading Companies & Distributors - 0.5%
Adani Enterprises Ltd.		6,968		263,638
ALAFCO Aviation Lease & Finance Co. KSCP*		3,260		2,151
Armac Locacao Logistica E Servicos SA		5,000		14,450
Barloworld Ltd.		64,688		260,508
BOC Aviation Ltd.(a)		5,100		38,198
Brighton-Best International Taiwan, Inc.		36,694		39,625
Chin Hin Group Bhd.*		9,400		6,856
COSCO SHIPPING Development Co. Ltd., Class A		37,600		12,307
Horizon Construction Development Ltd.*(b)		49,925		16,988
IndiaMart InterMesh Ltd.(a)		480		14,574
LX International Corp.		11,856		250,507
Posco International Corp.*		1,196		47,136
Realord Group Holdings Ltd.*(b)		14,000		9,528
Shanxi Coal International Energy Group Co. Ltd., Class A		4,900		11,521
SK Networks Co. Ltd.*		49,296		241,189
Xiamen C & D, Inc., Class A		9,400		12,635

				1,241,811

Transportation Infrastructure - 0.9%
Abu Dhabi Ports Co. PJSC*		13,395		22,647
Adani Ports & Special Economic Zone Ltd.		15,340		223,079
Airports of Thailand PCL		54,000		90,945
Airports of Thailand PCL, NVDR		18,800		31,662


Investments	Shares		Value ($)
Bangkok Expressway & Metro PCL, NVDR		148,000		30,662
CCR SA		21,182		56,244
China Merchants Expressway Network & Technology Holdings Co. Ltd., Class A		9,600		14,133
China Merchants Port Holdings Co. Ltd.		40,521		50,177
COSCO SHIPPING Ports Ltd.		51,348		31,398
EcoRodovias Infraestrutura e Logistica SA		98,800		181,360
Evergreen International Storage & Transport Corp.		38,594		41,061
GMR Airports Infrastructure Ltd.*		52,450		49,485
Grupo Aeroportuario del Centro Norte SAB de CV, Class B		5,200		47,705
Grupo Aeroportuario del Pacifico SAB de CV, Class B		6,081		94,868
Grupo Aeroportuario del Sureste SAB de CV, Class B		2,908		84,948
Guangdong Provincial Expressway Development Co. Ltd., Class B		9,800		7,685
International Container Terminal Services, Inc.		17,160		74,072
Jasa Marga Persero Tbk. PT		39,723		12,587
Jiangsu Expressway Co. Ltd., Class H		32,000		30,538
Malaysia Airports Holdings Bhd.		20,808		33,830
Ningbo Zhoushan Port Co. Ltd., Class A		23,500		11,718
Novorossiysk Commercial Sea Port PJSC‡		189,696		—
Piraeus Port Authority SA		2,860		77,667
Promotora y Operadora de Infraestructura SAB de CV		4,564		45,001
Qingdao Port International Co. Ltd., Class H(a)		49,000		27,392
Salik Co. PJSC		24,346		23,001
Santos Brasil Participacoes SA		29,700		60,589
Saudi Ground Services Co.*		4,799		53,427
Shanghai International Airport Co. Ltd., Class A*		5,200		23,974
Shanghai International Port Group Co. Ltd., Class A		43,200		33,214
Shenzhen International Holdings Ltd.		24,500		20,184
Sociedad Matriz SAAM SA		1,720,421		188,595
Taiwan High Speed Rail Corp.		53,000		50,038
TangShan Port Group Co. Ltd., Class A		4,900		2,757
TAV Havalimanlari Holding A/S*		2,961		13,495
Westports Holdings Bhd.		17,500		14,059
Wilson Sons SA		9,600		32,738
Zhejiang Expressway Co. Ltd., Class H		728,599		540,583

				2,427,518

Water Utilities - 0.5%
Aguas Andinas SA, Class A		76,368		23,106


Investments	Shares		Value ($)
AlKhorayef Water & Power Technologies Co.*		294		16,855
Athens Water Supply & Sewage Co. SA		1,372		8,569
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A		24,000		9,092
Beijing Enterprises Water Group Ltd.(b)		132,000		32,083
China Water Affairs Group Ltd.		326,000		166,394
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		5,200		82,992
Cia de Saneamento de Minas Gerais Copasa MG		83,200		359,836
Cia De Sanena Do Parana*		109,200		620,578
Emirates Central Cooling Systems Corp.		34,496		16,436
Guangdong Investment Ltd.(b)		104,000		60,400
National Central Cooling Co. PJSC		5,029		4,395

				1,400,736

Wireless Telecommunication Services - 0.8%
Advanced Info Service PCL, NVDR		15,600		96,298
Axiata Group Bhd.		49,004		28,283
Bharti Airtel Ltd.		39,052		550,531
Celcomdigi Bhd.		67,600		60,740
Empresa Nacional de Telecomunicaciones SA		61,152		199,264
Etihad Etisalat Co.		6,240		86,692
Far EasTone Telecommunications Co. Ltd.		27,032		69,524
Indosat Tbk. PT		31,800		19,296
Intouch Holdings PCL, NVDR		19,200		39,913
Kuwait Telecommunications Co.		3,699		7,095
Maxis Bhd.		32,900		26,431
Mobile Telecommunications Co. KSCP		66,768		114,174
Mobile Telecommunications Co. Saudi Arabia		8,508		30,265
Mobile TeleSystems PJSC‡		31,356		—
MTN Group Ltd.		52,832		271,393
PLDT, Inc.		3,120		70,497
Sistema AFK PAO‡		122,643		—
SK Telecom Co. Ltd.		2,964		111,484
Smartfren Telecom Tbk. PT*		4,635,400		14,688
Taiwan Mobile Co. Ltd.		30,277		94,798
TIM SA		15,600		54,746
Turkcell Iletisim Hizmetleri A/S		30,316		68,487
Vodacom Group Ltd.		15,704		78,829
Vodafone Idea Ltd.*		219,456		37,922
Vodafone Qatar QSC		44,198		23,040
XL Axiata Tbk. PT		102,900		15,129

				2,169,519

TOTAL COMMON STOCKS (COST $233,912,660)				256,519,074


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.0%(d)

Independent Power and Renewable Electricity Producers - 0.0%(d)
NTPC Ltd.
Series 54, 8.49%, 3/25/2025 (Cost $–)		INR 39,301		5,078


Investments	Number of Rights		Value ($)
RIGHTS - 0.0%(d)

Commercial Services & Supplies - 0.0%(d)
L&K Engineering Co. Ltd., expiring 6/3/2024, price 1.00 TWD		60		107

Electrical Equipment - 0.0%(d)
Taihan Electric Wire Co. Ltd., expiring 3/29/2024, price 7,740.00 KRW*		1,031		1,213

Electronic Equipment, Instruments & Components - 0.0%(d)
LG Display Co. Ltd., expiring 3/7/2024, price 10,070.00 KRW*		2,144		2,538

Ground Transportation - 0.0%(d)
Localiza Rent a Car SA, expiring 2/5/2024, price 45.35 BRL*		53		97

Machinery - 0.0%(d)
Sam Engineering & Equipment M Bhd., expiring 2/9/2024, price 3.60 MYR*		1,175		1

TOTAL RIGHTS (Cost $–)				3,956


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.4%(e)

REPURCHASE AGREEMENTS - 0.4%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $647,044, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $5,128,368		646,949		646,949


Investments	Principal Amount ($)		Value ($)
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $250,038, collateralized by various Common Stocks; total market value $271,204		250,000		250,000

				896,949

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $896,949)				896,949

Total Investments - 100.5% (Cost $234,809,609)				257,425,057
Liabilities in excess of other assets - (0.5%)				(1,238,194	)

Net Assets - 100.0%				256,186,863

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $6,033,660, collateralized in the form of cash with a value of $896,949 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $4,524,184 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.13%, and maturity dates ranging from February 6, 2024 – November 15, 2053 and $1,316,252 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $6,737,385.

(c)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d)	Represents less than 0.05% of net assets.

(e)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $896,949.

FlexShares^® Morningstar Emerging Markets Factor Tilt Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Morningstar Emerging Markets Factor Tilt Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Morningstar Emerging Markets Factor Tilt Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.0%

Aerospace & Defense - 0.6%
Lockheed Martin Corp.		2,412		1,035,737
Textron, Inc.		536		45,404

				1,081,141

Air Freight & Logistics - 1.0%
Expeditors International of Washington, Inc.		7,102		897,196
United Parcel Service, Inc., Class B		6,164		874,671

				1,771,867

Automobiles - 0.9%
Tesla, Inc.*		8,576		1,606,199

Banks - 4.0%
Bank of America Corp.		29,748		1,011,729
Citigroup, Inc.		41,004		2,303,195
JPMorgan Chase & Co.		18,894		3,294,358
Wells Fargo & Co.		13,668		685,860

				7,295,142

Beverages - 0.4%
Molson Coors Beverage Co., Class B		10,184		629,269

Biotechnology - 2.3%
AbbVie, Inc.		2,412		396,533
Amgen, Inc.		8,710		2,737,205
Gilead Sciences, Inc.		3,752		293,631
Regeneron Pharmaceuticals, Inc.*		195		183,842
Vertex Pharmaceuticals, Inc.*		1,072		464,583

				4,075,794

Broadline Retail - 2.9%
Amazon.com, Inc.*		24,254		3,764,221
eBay, Inc.		16,884		693,426
Etsy, Inc.*(a)		402		26,757
MercadoLibre, Inc.*		458		784,009

				5,268,413

Building Products - 0.6%
A O Smith Corp.		2,680		207,995
Builders FirstSource, Inc.*		2,546		442,316
Masco Corp.		6,968		468,877

				1,119,188

Capital Markets - 1.8%
Bank of New York Mellon Corp. (The)		20,234		1,122,178
Goldman Sachs Group, Inc. (The)		938		360,201
Morgan Stanley		11,256		981,973
Robinhood Markets, Inc., Class A*		30,686		329,568
State Street Corp.		5,762		425,639

				3,219,559

Chemicals - 0.3%
CF Industries Holdings, Inc.		3,618		273,195
LyondellBasell Industries NV, Class A		2,814		264,854
Mosaic Co. (The)		1,340		41,151

				579,200


Investments	Shares		Value ($)
Communications Equipment - 1.3%
Cisco Systems, Inc.		48,106		2,413,959

Consumer Finance - 1.4%
Capital One Financial Corp.		8,308		1,124,238
Discover Financial Services		5,628		593,867
Synchrony Financial		18,760		729,201

				2,447,306

Consumer Staples Distribution & Retail - 0.5%
Kroger Co. (The)		17,688		816,124

Diversified Telecommunication Services - 0.7%
AT&T, Inc.		75,710		1,339,310

Electric Utilities - 2.0%
Constellation Energy Corp.		2,948		359,656
Evergy, Inc.		1,206		61,229
Exelon Corp.		21,306		741,662
PPL Corp.		35,510		930,362
Southern Co. (The)		20,904		1,453,246

				3,546,155

Electrical Equipment - 0.3%
Emerson Electric Co.		1,474		135,210
Hubbell, Inc., Class B		1,206		404,697

				539,907

Electronic Equipment, Instruments & Components - 0.3%
Jabil, Inc.(a)		4,690		587,610

Entertainment - 0.9%
Atlanta Braves Holdings, Inc., Class C*		1		27
Electronic Arts, Inc.		3,886		534,636
Netflix, Inc.*		1,876		1,058,271

				1,592,934

Financial Services - 3.7%
Berkshire Hathaway, Inc., Class B*		11,122		4,267,956
Fidelity National Information Services, Inc.		6,164		383,771
Fiserv, Inc.*		5,360		760,423
PayPal Holdings, Inc.*		4,556		279,511
Toast, Inc., Class A*(a)		1,608		28,574
Visa, Inc., Class A(a)		3,484		952,038

				6,672,273

Food Products - 0.7%
Archer-Daniels-Midland Co.		804		44,686
Campbell Soup Co.(a)		7,102		316,962
General Mills, Inc.		11,926		774,117
Kraft Heinz Co. (The)		2,144		79,607

				1,215,372

Health Care Equipment & Supplies - 0.8%
Abbott Laboratories		2,412		272,918
Align Technology, Inc.*		670		179,105


Investments	Shares		Value ($)
Hologic, Inc.*		5,628		418,948
IDEXX Laboratories, Inc.*		1,139		586,676

				1,457,647

Health Care Providers & Services - 4.7%
Cardinal Health, Inc.		7,772		848,625
Cencora, Inc.(a)		3,082		717,120
Centene Corp.*		11,390		857,781
Cigna Group (The)		3,082		927,528
CVS Health Corp.		9,916		737,453
Elevance Health, Inc.		670		330,605
HCA Healthcare, Inc.		1,206		367,709
Laboratory Corp. of America Holdings		3,082		685,128
McKesson Corp.		2,814		1,406,690
UnitedHealth Group, Inc.		3,128		1,600,723

				8,479,362

Health Care REITs - 0.1%
Healthpeak Properties, Inc., REIT		6,432		118,992

Hotel & Resort REITs - 0.6%
Host Hotels & Resorts, Inc., REIT		52,126		1,001,862

Hotels, Restaurants & Leisure - 2.1%
Airbnb, Inc., Class A*		3,484		502,184
Booking Holdings, Inc.*		296		1,038,211
Caesars Entertainment, Inc.*		2,412		105,815
Carnival Corp.*		22,914		379,914
DoorDash, Inc., Class A*		3,350		349,070
DraftKings, Inc., Class A*		10,988		429,081
Expedia Group, Inc.*		804		119,257
Royal Caribbean Cruises Ltd.*		3,886		495,465
Yum! Brands, Inc.		3,350		433,792

				3,852,789

Household Durables - 1.3%
Lennar Corp., Class A		6,566		983,915
NVR, Inc.*		143		1,011,767
PulteGroup, Inc.		4,154		434,342

				2,430,024

Household Products - 1.9%
Colgate-Palmolive Co.		7,906		665,685
Kimberly-Clark Corp.		1,340		162,100
Procter & Gamble Co. (The)		16,616		2,611,038

				3,438,823

Industrial Conglomerates - 1.2%
3M Co.		3,618		341,359
General Electric Co.		13,534		1,792,172

				2,133,531

Insurance - 2.0%
Aflac, Inc.		12,730		1,073,648
American International Group, Inc.		15,812		1,099,092
MetLife, Inc.		14,338		993,910
Prudential Financial, Inc.		4,690		492,122

				3,658,772

Interactive Media & Services - 7.6%
Alphabet, Inc., Class A*		38,190		5,350,419
Alphabet, Inc., Class C*		35,644		5,054,319
Meta Platforms, Inc., Class A*		8,710		3,398,120

				13,802,858


Investments	Shares		Value ($)
IT Services - 1.9%
Accenture plc, Class A		4,690		1,706,597
Cognizant Technology Solutions Corp., Class A		9,916		764,722
Gartner, Inc.*		2,144		980,752

				3,452,071

Life Sciences Tools & Services - 0.5%
Danaher Corp.		536		128,592
Mettler-Toledo International, Inc.*		584		699,159

				827,751

Machinery - 2.1%
Caterpillar, Inc.		5,360		1,609,662
Illinois Tool Works, Inc.		6,298		1,643,148
PACCAR, Inc.		4,824		484,281
Snap-on, Inc.		268		77,701

				3,814,792

Media - 1.5%
Comcast Corp., Class A		41,540		1,933,272
Fox Corp., Class A		804		25,969
Omnicom Group, Inc.		8,710		787,210

				2,746,451

Metals & Mining - 1.6%
Nucor Corp.		5,762		1,077,090
Reliance Steel & Aluminum Co.		3,216		917,911
Steel Dynamics, Inc.		7,504		905,658

				2,900,659

Multi-Utilities - 1.5%
Consolidated Edison, Inc.		10,586		962,267
DTE Energy Co.		8,710		918,208
Public Service Enterprise Group, Inc.		15,142		878,085

				2,758,560

Oil, Gas & Consumable Fuels - 2.4%
EQT Corp.		8,576		303,591
Exxon Mobil Corp.		7,772		799,039
Marathon Oil Corp.		9,380		214,333
Marathon Petroleum Corp.		8,308		1,375,805
Occidental Petroleum Corp.(a)		12,998		748,295
Valero Energy Corp.(a)		5,896		818,954

				4,260,017

Pharmaceuticals - 4.4%
Bristol-Myers Squibb Co.		19,162		936,447
Eli Lilly & Co.		4,556		2,941,399
Johnson & Johnson		21,172		3,364,231
Merck & Co., Inc.		3,752		453,166
Pfizer, Inc.		10,586		286,669

				7,981,912

Professional Services - 0.2%
Automatic Data Processing, Inc.		402		98,803
Leidos Holdings, Inc.		536		59,212
Paychex, Inc.		2,278		277,301

				435,316

Real Estate Management & Development - 0.5%
CBRE Group, Inc., Class A*		10,988		948,374


Investments	Shares		Value ($)
Residential REITs - 1.2%
AvalonBay Communities, Inc., REIT		5,494		983,481
Equity Residential, REIT		3,082		185,505
Essex Property Trust, Inc., REIT		4,288		1,000,262
Mid-America Apartment Communities, Inc., REIT(a)		402		50,805

				2,220,053

Retail REITs - 0.2%
Regency Centers Corp., REIT		804		50,387
Simon Property Group, Inc., REIT		2,680		371,475

				421,862

Semiconductors & Semiconductor Equipment - 8.7%
Analog Devices, Inc.		5,226		1,005,273
Applied Materials, Inc.		8,710		1,431,053
Broadcom, Inc.		2,592		3,058,560
KLA Corp.		2,321		1,378,767
Lam Research Corp.		2,278		1,879,737
Microchip Technology, Inc.		12,194		1,038,685
NVIDIA Corp.		8,710		5,359,002
QUALCOMM, Inc.		4,288		636,811

				15,787,888

Software - 10.8%
Adobe, Inc.*		3,618		2,235,128
ANSYS, Inc.*		536		175,717
Autodesk, Inc.*		134		34,010
Bentley Systems, Inc., Class B(a)		938		47,275
Cadence Design Systems, Inc.*		402		115,961
Check Point Software Technologies Ltd.*		6,030		958,348
Fair Isaac Corp.*		804		963,859
Fortinet, Inc.*		11,524		743,183
Intuit, Inc.		3,484		2,199,554
Manhattan Associates, Inc.*(a)		938		227,521
Microsoft Corp.		24,924		9,909,284
Oracle Corp.		16,080		1,796,136
Roper Technologies, Inc.		134		71,958
Salesforce, Inc.*		134		37,666
Zoom Video Communications, Inc., Class A*		1,742		112,551

				19,628,151

Specialized REITs - 1.1%
Iron Mountain, Inc., REIT(a)		1,340		90,477
Public Storage, REIT		3,216		910,739
Weyerhaeuser Co., REIT		29,614		970,451

				1,971,667

Specialty Retail - 2.3%
AutoZone, Inc.*		402		1,110,376
Best Buy Co., Inc.		4,556		330,265
Home Depot, Inc. (The)		3,618		1,277,009
Lowe’s Cos., Inc.		4,958		1,055,261
O’Reilly Automotive, Inc.*		402		411,266

				4,184,177

Technology Hardware, Storage & Peripherals - 8.0%
Apple, Inc.		76,648		14,133,891
Dell Technologies, Inc., Class C		670		55,530
NetApp, Inc.		1,474		128,533
Super Micro Computer, Inc.*(a)		402		212,903

				14,530,857


Investments	Shares		Value ($)
Tobacco - 0.6%
Altria Group, Inc.		5,226		209,667
Philip Morris International, Inc.		9,380		852,173

				1,061,840

Trading Companies & Distributors - 0.6%
WW Grainger, Inc.		1,206		1,080,142

TOTAL COMMON STOCKS (COST $149,147,092)				179,203,922

Total Investments - 99.0% (Cost $149,147,092)				179,203,922
Other assets less liabilities - 1.0%				1,854,269

Net Assets - 100.0%				181,058,191

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $4,619,367, collateralized by $4,555,968 in U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053 and $206,031 in Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 4.75%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $4,761,999.

Percentages shown are based on Net Assets.

Abbreviations


REIT		Real Estate Investment Trust

FlexShares^® US Quality Large Cap Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.8%

Air Freight & Logistics - 0.3%
Expeditors International of Washington, Inc.		780		98,538
FedEx Corp.		1,690		407,780

				506,318

Automobile Components - 0.1%
Aptiv plc*		1,625		132,161
BorgWarner, Inc.(a)		2,275		77,123

				209,284

Automobiles - 3.4%
Ford Motor Co.(a)		14,625		171,405
General Motors Co.		14,950		580,060
Rivian Automotive, Inc., Class A*(a)		5,200		79,612
Tesla, Inc.*		29,900		5,599,971

				6,431,048

Banks - 5.0%
Bank of America Corp.		62,140		2,113,381
Citigroup, Inc.		20,735		1,164,685
Huntington Bancshares, Inc.		10,595		134,874
JPMorgan Chase & Co.		31,395		5,474,032
KeyCorp		6,370		92,556
NU Holdings Ltd., Class A*		18,980		163,418
Regions Financial Corp.		6,955		129,850
US Bancorp		5,720		237,609

				9,510,405

Beverages - 2.2%
Coca-Cola Co. (The)		42,315		2,517,319
Coca-Cola Europacific Partners plc		2,145		147,791
Keurig Dr Pepper, Inc.		10,985		345,369
PepsiCo, Inc.		7,410		1,248,807

				4,259,286

Biotechnology - 1.0%
Gilead Sciences, Inc.		9,035		707,079
Moderna, Inc.*		2,015		203,616
Vertex Pharmaceuticals, Inc.*		2,340		1,014,109

				1,924,804

Broadline Retail - 5.0%
Amazon.com, Inc.*		60,970		9,462,544
eBay, Inc.		3,640		149,495

				9,612,039

Building Products - 0.4%
Lennox International, Inc.		325		139,152
Owens Corning(a)		455		68,946
Trane Technologies plc		2,080		524,264

				732,362

Capital Markets - 3.3%
Bank of New York Mellon Corp. (The)		6,890		382,119
BlackRock, Inc.		1,495		1,157,594
FactSet Research Systems, Inc.		390		185,609


Investments	Shares		Value ($)
Goldman Sachs Group, Inc. (The)		3,510		1,347,875
Moody’s Corp.		845		331,274
Morgan Stanley		9,165		799,555
MSCI, Inc.		585		350,193
Nasdaq, Inc.		3,055		176,487
Northern Trust Corp.(b)		780		62,119
S&P Global, Inc.		2,860		1,282,281
State Street Corp.		2,275		168,054

				6,243,160

Chemicals - 0.6%
Corteva, Inc.		3,705		168,503
Dow, Inc.		2,470		132,392
DuPont de Nemours, Inc.		3,055		188,799
Ecolab, Inc.		1,560		309,223
PPG Industries, Inc.		845		119,179
Sherwin-Williams Co. (The)		845		257,201

				1,175,297

Commercial Services & Supplies - 0.3%
Cintas Corp.		975		589,456

Communications Equipment - 1.1%
Cisco Systems, Inc.		36,530		1,833,075
F5, Inc.*		195		35,822
Motorola Solutions, Inc.		585		186,907

				2,055,804

Consumer Finance - 0.1%
Capital One Financial Corp.		1,365		184,712

Consumer Staples Distribution & Retail - 2.6%
Costco Wholesale Corp.		1,625		1,129,180
Dollar Tree, Inc.*		1,170		152,825
Kroger Co. (The)		7,345		338,898
Target Corp.		4,160		578,573
Walgreens Boots Alliance, Inc.(a)		7,605		171,645
Walmart, Inc.		15,600		2,577,900

				4,949,021

Containers & Packaging - 0.2%
Amcor plc(a)		15,275		144,043
Ball Corp.		2,795		154,983

				299,026

Distributors - 0.0%(c)
LKQ Corp.		845		39,436

Diversified Telecommunication Services - 0.7%
Verizon Communications, Inc.		30,160		1,277,276

Electrical Equipment - 0.1%
Emerson Electric Co.		2,015		184,836
Rockwell Automation, Inc.		390		98,779

				283,615

Electronic Equipment, Instruments & Components - 0.5%
CDW Corp.		1,235		279,999
Corning, Inc.		2,600		84,474
Flex Ltd.*		1,495		35,491


Investments	Shares		Value ($)
Jabil, Inc.(a)		650		81,439
Keysight Technologies, Inc.*		650		99,619
TE Connectivity Ltd.		1,690		240,301
Trimble, Inc.*		1,235		62,812
Zebra Technologies Corp., Class A*		195		46,712

				930,847

Energy Equipment & Services - 0.5%
Baker Hughes Co.		5,330		151,905
Schlumberger NV		15,340		747,058

				898,963

Entertainment - 0.8%
Walt Disney Co. (The)		16,510		1,585,786

Financial Services - 6.3%
Apollo Global Management, Inc.(a)		5,265		528,606
Berkshire Hathaway, Inc., Class B*		14,105		5,412,653
Block, Inc., Class A*		2,015		130,995
Fidelity National Information Services, Inc.		2,210		137,594
Mastercard, Inc., Class A		2,990		1,343,198
PayPal Holdings, Inc.*		7,865		482,518
Visa, Inc., Class A(a)		14,365		3,925,380

				11,960,944

Food Products - 1.3%
Bunge Global SA		520		45,807
Conagra Brands, Inc.		3,575		104,211
Darling Ingredients, Inc.*(a)		1,365		59,104
General Mills, Inc.		6,305		409,258
Hershey Co. (The)		1,625		314,503
Hormel Foods Corp.		1,950		59,221
J M Smucker Co. (The)		585		76,957
Kellanova		3,380		185,089
McCormick & Co., Inc. (Non-Voting)		2,340		159,494
Mondelez International, Inc., Class A		12,285		924,692
Tyson Foods, Inc., Class A		1,105		60,510

				2,398,846

Ground Transportation - 1.1%
CSX Corp.		7,085		252,934
Uber Technologies, Inc.*		14,755		963,059
Union Pacific Corp.		3,315		808,628

				2,024,621

Health Care Equipment & Supplies - 2.9%
Abbott Laboratories		15,665		1,772,495
Baxter International, Inc.		3,510		135,802
Becton Dickinson & Co.		1,040		248,362
Boston Scientific Corp.*		7,995		505,764
Cooper Cos., Inc. (The)		260		96,988
Edwards Lifesciences Corp.*		5,460		428,446
Hologic, Inc.*		1,690		125,804
IDEXX Laboratories, Inc.*		325		167,401
Medtronic plc		9,555		836,445
Penumbra, Inc.*		390		98,354
Stryker Corp.		3,055		1,024,891
Zimmer Biomet Holdings, Inc.		1,105		138,788

				5,579,540


Investments	Shares		Value ($)
Health Care Providers & Services - 3.5%
Cardinal Health, Inc.		1,820		198,726
Cencora, Inc.		910		211,739
Cigna Group (The)		2,080		625,976
CVS Health Corp.		13,845		1,029,652
Elevance Health, Inc.		2,535		1,250,870
Humana, Inc.		455		172,017
McKesson Corp.		1,235		617,364
Quest Diagnostics, Inc.		390		50,088
UnitedHealth Group, Inc.		5,005		2,561,259

				6,717,691

Health Care REITs - 0.4%
Healthpeak Properties, Inc., REIT		5,655		104,618
Ventas, Inc., REIT		3,510		162,829
Welltower, Inc., REIT		4,940		427,359

				694,806

Hotels, Restaurants & Leisure - 1.9%
Booking Holdings, Inc.*		254		890,897
Carnival Corp.*		3,575		59,274
Chipotle Mexican Grill, Inc.*		195		469,710
Darden Restaurants, Inc.(a)		845		137,380
Domino’s Pizza, Inc.		260		110,817
Expedia Group, Inc.*		975		144,622
Hilton Worldwide Holdings, Inc.		2,275		434,434
Las Vegas Sands Corp.		1,755		85,855
Marriott International, Inc., Class A(a)		910		218,154
McDonald’s Corp.		2,600		761,072
MGM Resorts International*		1,885		81,753
Yum! Brands, Inc.		2,535		328,257

				3,722,225

Household Products - 2.2%
Church & Dwight Co., Inc.		1,365		136,295
Clorox Co. (The)		1,365		198,266
Colgate-Palmolive Co.		7,475		629,395
Procter & Gamble Co. (The)		21,190		3,329,797

				4,293,753

Independent Power and Renewable Electricity Producers - 0.0%(c)
AES Corp. (The)		3,380		56,378

Insurance - 2.5%
Aflac, Inc.		4,745		400,193
Allstate Corp. (The)		1,430		222,008
American International Group, Inc.		3,770		262,053
Aon plc, Class A		715		213,377
Arch Capital Group Ltd.*		1,300		107,159
Arthur J Gallagher & Co.		1,560		362,170
Chubb Ltd.		2,925		716,625
Everest Group Ltd.		325		125,115
Hartford Financial Services Group, Inc. (The)		2,665		231,748
Marsh & McLennan Cos., Inc.		3,575		692,978
Principal Financial Group, Inc.		2,600		205,660
Progressive Corp. (The)		3,185		567,726
Travelers Cos., Inc. (The)		1,625		343,460
Willis Towers Watson plc		1,105		272,162

				4,722,434


Investments	Shares		Value ($)
Interactive Media & Services - 5.0%
Meta Platforms, Inc., Class A*		23,985		9,357,508
Snap, Inc., Class A*		9,165		145,632

				9,503,140

IT Services - 2.9%
Accenture plc, Class A		7,215		2,625,394
Akamai Technologies, Inc.*		1,365		168,209
Amdocs Ltd.		1,300		119,184
Cognizant Technology Solutions Corp., Class A		4,615		355,909
Gartner, Inc.*		715		327,070
International Business Machines Corp.		9,880		1,814,561
Okta, Inc.*		910		75,211

				5,485,538

Life Sciences Tools & Services - 0.7%
Agilent Technologies, Inc.		1,040		135,304
Avantor, Inc.*		2,210		50,808
Danaher Corp.		2,535		608,172
Illumina, Inc.*		845		120,843
IQVIA Holdings, Inc.*		1,625		338,374
Mettler-Toledo International, Inc.*		65		77,817
West Pharmaceutical Services, Inc.		260		96,988

				1,428,306

Machinery - 1.6%
Caterpillar, Inc.		2,730		819,846
Cummins, Inc.		1,040		248,872
Deere & Co.		1,040		409,323
Dover Corp.		780		116,828
Fortive Corp.		3,120		243,922
IDEX Corp.		390		82,485
Illinois Tool Works, Inc.		1,040		271,336
Lincoln Electric Holdings, Inc.		325		72,222
Nordson Corp.		390		98,171
Otis Worldwide Corp.		3,640		321,922
Stanley Black & Decker, Inc.		1,365		127,354
Toro Co. (The)(a)		715		66,123
Xylem, Inc.		1,300		146,172

				3,024,576

Media - 0.7%
Comcast Corp., Class A		21,580		1,004,333
Interpublic Group of Cos., Inc. (The)		3,315		109,362
Omnicom Group, Inc.		2,080		187,990

				1,301,685

Metals & Mining - 0.4%
Freeport-McMoRan, Inc.		7,605		301,843
Newmont Corp.		8,190		282,637
Nucor Corp.		910		170,106

				754,586

Multi-Utilities - 0.0%(c)
Public Service Enterprise Group, Inc.		1,755		101,772

Office REITs - 0.1%
Alexandria Real Estate Equities, Inc., REIT(a)		1,430		172,887


Investments	Shares		Value ($)
Oil, Gas & Consumable Fuels - 3.9%
APA Corp.		975		30,547
Chevron Corp.		19,175		2,826,970
Coterra Energy, Inc.		5,200		129,376
Exxon Mobil Corp.		42,835		4,403,866
Marathon Oil Corp.		4,030		92,086

				7,482,845

Passenger Airlines - 0.0%(c)
Delta Air Lines, Inc.		2,210		86,499

Personal Care Products - 0.1%
Estee Lauder Cos., Inc. (The), Class A		2,080		274,539

Pharmaceuticals - 6.9%
Bristol-Myers Squibb Co.		18,395		898,964
Eli Lilly & Co.		4,615		2,979,490
Johnson & Johnson		23,985		3,811,216
Merck & Co., Inc.		27,430		3,312,995
Pfizer, Inc.		40,820		1,105,406
Royalty Pharma plc, Class A(a)		3,120		88,577
Zoetis, Inc.		5,005		939,989

				13,136,637

Professional Services - 0.8%
Automatic Data Processing, Inc.		3,705		910,615
Broadridge Financial Solutions, Inc.		845		172,549
Verisk Analytics, Inc.		1,560		376,787

				1,459,951

Real Estate Management & Development - 0.1%
CBRE Group, Inc., Class A*		3,250		280,507

Residential REITs - 0.1%
Camden Property Trust, REIT		390		36,598
Equity Residential, REIT		1,885		113,458
Essex Property Trust, Inc., REIT		585		136,463

				286,519

Retail REITs - 0.1%
Simon Property Group, Inc., REIT		1,170		162,174

Semiconductors & Semiconductor Equipment - 6.1%
Advanced Micro Devices, Inc.*		11,635		1,951,073
Applied Materials, Inc.		6,045		993,194
Broadcom, Inc.		2,509		2,960,620
First Solar, Inc.*		585		85,586
Intel Corp.		37,830		1,629,716
KLA Corp.		455		270,288
Lam Research Corp.		715		589,997
Marvell Technology, Inc.		2,990		202,423
Micron Technology, Inc.		11,830		1,014,422
QUALCOMM, Inc.		6,045		897,743
Skyworks Solutions, Inc.		585		61,109
Texas Instruments, Inc.		6,565		1,051,188

				11,707,359

Software - 9.1%
Adobe, Inc.*		3,250		2,007,785
Autodesk, Inc.*		2,340		593,915


Investments	Shares		Value ($)
Crowdstrike Holdings, Inc., Class A*		1,625		475,312
DocuSign, Inc.*		1,365		83,156
Gen Digital, Inc.		5,070		119,044
HubSpot, Inc.*		455		278,005
Intuit, Inc.		1,495		943,838
Microsoft Corp.		24,115		9,587,642
Oracle Corp.		8,515		951,125
Palo Alto Networks, Inc.*		1,690		572,082
Salesforce, Inc.*		3,510		986,626
Splunk, Inc.*		845		129,598
Synopsys, Inc.*		845		450,681
Workday, Inc., Class A*		715		208,115

				17,386,924

Specialized REITs - 0.8%
American Tower Corp., REIT(a)		4,225		826,621
Crown Castle, Inc., REIT		1,560		168,870
Digital Realty Trust, Inc., REIT(a)		1,105		155,208
Iron Mountain, Inc., REIT		2,600		175,552
Weyerhaeuser Co., REIT		7,735		253,476

				1,579,727

Specialty Retail - 2.6%
AutoZone, Inc.*		65		179,538
Best Buy Co., Inc.		2,145		155,491
Burlington Stores, Inc.*		325		62,124
Home Depot, Inc. (The)		5,395		1,904,219
Lowe’s Cos., Inc.		4,160		885,414
Ross Stores, Inc.		3,055		428,555
TJX Cos., Inc. (The)		10,335		980,895
Tractor Supply Co.		975		218,985
Ulta Beauty, Inc.*		195		97,900
Williams-Sonoma, Inc.(a)		650		125,704

				5,038,825

Technology Hardware, Storage & Peripherals - 4.9%
Apple, Inc.		46,085		8,498,074
Hewlett Packard Enterprise Co.		11,245		171,936
HP, Inc.		9,230		264,994
NetApp, Inc.		1,495		130,364
Super Micro Computer, Inc.*(a)		325		172,123
Western Digital Corp.*		3,380		193,505

				9,430,996

Textiles, Apparel & Luxury Goods - 0.9%
Deckers Outdoor Corp.*		260		195,970
Lululemon Athletica, Inc.*		1,300		589,966
NIKE, Inc., Class B		8,775		890,926

				1,676,862

Trading Companies & Distributors - 0.4%
Ferguson plc		2,210		415,171
United Rentals, Inc.		260		162,604
WW Grainger, Inc.		260		232,866

				810,641

Water Utilities - 0.1%
American Water Works Co., Inc.		1,755		217,655


Investments	Shares		Value ($)
Wireless Telecommunication Services - 0.2%
T-Mobile US, Inc.		1,820		293,439

TOTAL COMMON STOCKS (COST $159,867,257)				188,953,772


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.1%(d)

REPURCHASE AGREEMENTS - 0.1%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $152,763, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $1,210,771 (Cost $152,740)		152,740		152,740

Total Investments - 98.9% (Cost $160,019,997)				189,106,512
Other assets less liabilities - 1.1%				2,025,728

Net Assets - 100.0%				191,132,240

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $6,732,192, collateralized in the form of cash with a value of $152,740 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $6,726,982 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053 and $83,254 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 4.75%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $6,962,976.

(b)	Investment in affiliated company. Northern Trust Investments, Inc., the Investment Adviser of the Fund, is a subsidiary of Northern Trust Corporation.

(c)	Represents less than 0.05% of net assets.

(d)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $152,740.

Percentages shown are based on Net Assets.


Abbreviations

REIT		Real Estate Investment Trust

Investment in a company which was affiliated for the period ended January 31, 2024, was as follows:

FlexShares^® STOXX^® US ESG Select Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.1%

Air Freight & Logistics - 0.3%
Deutsche Post AG		2,392		115,677
DSV A/S		782		141,031
FedEx Corp.		874		210,887
International Distributions Services plc*		1,035		3,648

				471,243

Automobile Components - 0.4%
Aisin Corp.		1,200		45,603
Aptiv plc*		1,058		86,047
BorgWarner, Inc.(a)		782		26,510
Bridgestone Corp.		4,600		202,787
Cie Generale des Etablissements Michelin SCA		3,312		110,880
Continental AG		552		45,690
Denso Corp.		11,600		185,774
Forvia SE*		1,127		19,655
Niterra Co. Ltd.		600		16,419
Valeo SE		414		5,471

				744,836

Automobiles - 1.5%
Bayerische Motoren Werke AG		1,242		130,568
Ferrari NV		414		145,570
General Motors Co.		10,258		398,010
Honda Motor Co. Ltd.		23,000		263,633
Mazda Motor Corp.		2,300		28,661
Mercedes-Benz Group AG		4,186		285,782
Mitsubishi Motors Corp.		6,900		22,228
Nissan Motor Co. Ltd.(a)		18,400		74,066
Renault SA		1,058		40,304
Rivian Automotive, Inc., Class A*(a)		2,530		38,734
Stellantis NV		7,820		174,094
Subaru Corp.		2,300		47,062
Suzuki Motor Corp.		1,700		77,781
Toyota Motor Corp.		41,400		849,667
Volkswagen AG (Preference)		874		113,774
Yamaha Motor Co. Ltd.		3,300		31,764

				2,721,698

Banks - 7.8%
ABN AMRO Bank NV, CVA(b)		2,254		33,445
AIB Group plc		8,786		38,901
ANZ Group Holdings Ltd.		14,674		263,847
Banco Bilbao Vizcaya Argentaria SA		26,358		248,406
Banco BPM SpA		9,729		52,946
Banco Santander SA		71,530		290,246
Bank of Ireland Group plc		4,554		42,206
Bank of Montreal		3,404		322,655
Bank of Queensland Ltd.(a)		3,404		13,591
Bank Polska Kasa Opieki SA		920		35,685
Bankinter SA		3,726		23,151


Investments	Shares		Value ($)
Banque Cantonale Vaudoise (Registered)(a)		138		17,824
Barclays plc		53,176		100,506
BAWAG Group AG(b)		506		26,295
BNP Paribas SA		5,428		368,805
Canadian Imperial Bank of Commerce		4,482		203,829
Citigroup, Inc.		18,170		1,020,609
Commerzbank AG		3,289		38,156
Commonwealth Bank of Australia		10,120		786,255
Danske Bank A/S		3,634		98,320
DBS Group Holdings Ltd.		4,200		100,195
Erste Group Bank AG		966		42,025
FinecoBank Banca Fineco SpA		3,496		51,001
Hang Seng Bank Ltd.		4,600		47,811
HSBC Holdings plc		77,786		612,368
Intesa Sanpaolo SpA		83,720		260,364
Japan Post Bank Co. Ltd.		4,600		48,321
JPMorgan Chase & Co.		27,646		4,820,357
KBC Group NV		1,012		66,485
Lloyds Banking Group plc		295,044		159,814
Mediobanca Banca di Credito Finanziario SpA		2,254		30,115
Mitsubishi UFJ Financial Group, Inc.		79,100		754,879
National Bank of Canada		1,242		95,591
NatWest Group plc		27,278		78,228
Nordea Bank Abp		18,768		232,980
NU Holdings Ltd., Class A*		12,604		108,520
Oversea-Chinese Banking Corp. Ltd.		16,100		155,295
Royal Bank of Canada		5,106		501,447
Santander Bank Polska SA		46		5,624
Skandinaviska Enskilda Banken AB, Class A		8,418		120,701
Societe Generale SA		3,220		83,805
Standard Chartered plc		12,788		97,514
Svenska Handelsbanken AB, Class A		8,096		88,190
Swedbank AB, Class A		5,106		105,161
Toronto-Dominion Bank (The)		6,486		396,476
UniCredit SpA		6,256		184,568
Virgin Money UK plc		6,946		13,874
Westpac Banking Corp.		21,896		349,990

				13,637,377

Beverages - 1.3%
Anheuser-Busch InBev SA/NV		3,450		215,522
Britvic plc		2,231		25,072
Budweiser Brewing Co. APAC Ltd.(b)		9,200		14,452
Carlsberg A/S, Class B		230		29,805
Coca-Cola Co. (The)		15,042		894,848
Coca-Cola Europacific Partners plc		1,426		98,251
Coca-Cola HBC AG		1,150		34,093
Davide Campari-Milano NV		3,036		31,033
Diageo plc		10,488		382,047


Investments	Shares		Value ($)
Heineken Holding NV		460		38,900
Heineken NV		1,380		139,859
Keurig Dr Pepper, Inc.		5,842		183,672
Kirin Holdings Co. Ltd.		2,900		42,119
Pernod Ricard SA		966		160,021
Remy Cointreau SA		230		23,555
Treasury Wine Estates Ltd.		2,959		21,067

				2,334,316

Biotechnology - 0.9%
CSL Ltd.		1,932		385,316
Gilead Sciences, Inc.		4,738		370,796
Moderna, Inc.*(a)		1,426		144,097
Swedish Orphan Biovitrum AB*		603		17,041
Vertex Pharmaceuticals, Inc.*		1,472		637,935

				1,555,185

Broadline Retail - 5.3%
Allegro.eu SA*(b)		1,012		7,720
Amazon.com, Inc.*		55,568		8,624,154
Dollarama, Inc.		690		50,958
eBay, Inc.		2,116		86,904
Isetan Mitsukoshi Holdings Ltd.(a)		3,100		36,731
J Front Retailing Co. Ltd.		2,300		21,596
Next plc		690		74,407
Prosus NV		5,566		166,448
Rakuten Group, Inc.*		9,200		40,941
Wesfarmers Ltd.		6,716		258,252

				9,368,111

Building Products - 0.4%
AGC, Inc.		900		34,270
Assa Abloy AB, Class B		4,370		121,258
Belimo Holding AG (Registered)		46		21,696
Cie de Saint-Gobain SA		2,484		177,653
Fletcher Building Ltd.		2,898		8,063
Lennox International, Inc.		184		78,781
Lixil Corp.		2,200		29,785
Nibe Industrier AB, Class B		2,898		17,597
Reliance Worldwide Corp. Ltd.		2,576		7,220
ROCKWOOL A/S, Class B		92		25,340
Trane Technologies plc		874		220,292

				741,955

Capital Markets - 2.1%
3i Group plc		4,600		145,217
abrdn plc		9,660		20,728
Allfunds Group plc		2,438		17,664
ASX Ltd.		966		41,929
Bank of New York Mellon Corp. (The)		2,944		163,274
BlackRock, Inc.		1,334		1,032,930
Daiwa Securities Group, Inc.		9,200		66,966
Euronext NV(b)		414		36,719
FactSet Research Systems, Inc.		184		87,569
Goldman Sachs Group, Inc. (The)		1,840		706,578
Hong Kong Exchanges & Clearing Ltd.		4,600		139,225
IG Group Holdings plc		1,288		11,703
Julius Baer Group Ltd.		690		38,045
London Stock Exchange Group plc		2,116		240,953
Macquarie Group Ltd.		2,024		254,815


Investments	Shares		Value ($)
Man Group plc		2,576		7,778
Nasdaq, Inc.		1,196		69,093
S&P Global, Inc.		1,196		536,227
Schroders plc		3,772		19,512

				3,636,925

Chemicals - 0.6%
Air Liquide SA		1,288		242,994
Akzo Nobel NV		644		49,836
Arkema SA		276		30,370
BASF SE		3,818		184,389
Covestro AG*(b)		736		39,239
Croda International plc		506		30,962
Ecolab, Inc.		1,104		218,835
Hexpol AB		2,691		31,149
Incitec Pivot Ltd.		17,066		30,347
Kansai Paint Co. Ltd.		800		13,576
LANXESS AG		92		2,493
Mitsubishi Chemical Group Corp.		4,600		28,162
Nitto Denko Corp.		300		25,264
Novozymes A/S, Class B(a)		1,254		64,748
OCI NV		598		17,292
Orica Ltd.		2,346		25,216
Wacker Chemie AG		92		10,138
Yara International ASA		920		30,741

				1,075,751

Commercial Services & Supplies - 0.4%
Brambles Ltd.		7,958		77,016
Cintas Corp.		690		417,153
Elis SA		1,656		36,732
ISS A/S		598		11,416
Rentokil Initial plc		11,914		61,947
SPIE SA		759		25,311
TOPPAN Holdings, Inc.		2,300		64,339

				693,914

Communications Equipment - 0.0%(c)
Nokia OYJ		12,466		44,984

Construction & Engineering - 0.4%
Balfour Beatty plc		2,990		12,641
Bouygues SA		736		27,166
Eiffage SA		529		55,785
Ferrovial SE		2,614		100,545
HOCHTIEF AG		46		4,984
Obayashi Corp.		2,300		21,549
Shimizu Corp.		2,300		15,569
Skanska AB, Class B		2,116		37,098
Sweco AB, Class B		1,334		15,790
Vinci SA		2,484		315,911
Worley Ltd.		2,024		19,829
WSP Global, Inc.		230		34,001

				660,868

Construction Materials - 0.1%
Buzzi SpA		368		12,600
Heidelberg Materials AG		184		17,165
Holcim AG		2,622		202,217
Wienerberger AG(a)		437		14,943

				246,925


Investments	Shares		Value ($)
Consumer Finance - 0.0%(c)
Cembra Money Bank AG(a)		46		3,579
Marui Group Co. Ltd.		2,300		38,589

				42,168

Consumer Staples Distribution & Retail - 1.9%
Aeon Co. Ltd.		3,000		72,509
Axfood AB		598		15,239
Carrefour SA		3,450		59,286
Coles Group Ltd.		2,300		24,190
Dollar Tree, Inc.*		828		108,153
Endeavour Group Ltd.(a)		874		3,247
HelloFresh SE*		690		9,272
J Sainsbury plc		9,108		31,339
Jeronimo Martins SGPS SA		1,334		30,546
Kesko OYJ, Class B		1,472		28,909
Koninklijke Ahold Delhaize NV		4,002		113,070
Kroger Co. (The)		3,818		176,163
Loblaw Cos. Ltd.		506		50,882
Marks & Spencer Group plc		10,166		32,015
Ocado Group plc*		2,530		17,611
Target Corp.		2,622		364,668
Tesco plc		9,338		34,081
Walgreens Boots Alliance, Inc.(a)		3,956		89,287
Walmart, Inc.		10,994		1,816,759
Woolworths Group Ltd.		7,222		171,915

				3,249,141

Containers & Packaging - 0.2%
Amcor plc(a)		9,476		89,359
Ball Corp.(a)		1,196		66,318
Billerud Aktiebolag		2,438		21,873
DS Smith plc		8,165		29,384
Huhtamaki OYJ		230		9,087
Orora Ltd.(a)		5,198		9,621
Smurfit Kappa Group plc(a)		1,426		53,518

				279,160

Distributors - 0.0%(c)
D’ieteren Group		92		18,758
Inchcape plc		1,656		14,445

				33,203

Diversified Consumer Services - 0.0%(c)
Pearson plc		3,864		47,809

Diversified REITs - 0.1%
British Land Co. plc (The), REIT		6,348		30,880
Charter Hall Group, REIT		1,196		9,559
Covivio SA, REIT		322		15,796
Mirvac Group, REIT		31,602		45,332
Stockland, REIT		12,972		39,103
Suntec REIT, REIT		18,400		16,385

				157,055

Diversified Telecommunication Services - 0.7%
BT Group plc(a)		35,328		50,477
Cellnex Telecom SA(b)		2,438		94,755
Chorus Ltd.(a)		2,070		10,143
Deutsche Telekom AG (Registered)		19,090		471,652
Elisa OYJ		552		25,334
Infrastrutture Wireless Italiane SpA(b)		1,403		17,137


Investments	Shares		Value ($)
Koninklijke KPN NV		20,378		69,683
Singapore Telecommunications Ltd.		36,800		66,090
Swisscom AG (Registered)		138		83,040
Telenor ASA		2,967		33,113
Telia Co. AB(a)		13,846		36,021
Telstra Group Ltd.		56,764		151,596
TELUS Corp.		3,590		64,704

				1,173,745

Electric Utilities - 0.5%
Contact Energy Ltd.		782		3,885
EDP - Energias de Portugal SA		13,202		59,399
Elia Group SA/NV		92		11,173
Endesa SA		1,748		34,861
Enel SpA		19,918		137,193
Fortum OYJ(a)		2,438		33,607
Iberdrola SA		26,772		324,981
Iberdrola SA*		461		5,596
Kansai Electric Power Co., Inc. (The)		3,100		42,850
Origin Energy Ltd.		8,878		50,002
Orsted A/S(b)		690		39,368
Redeia Corp. SA		1,196		20,046
SSE plc		5,152		110,550
Terna - Rete Elettrica Nazionale		3,312		28,162
Verbund AG		506		41,580

				943,253

Electrical Equipment - 0.6%
ABB Ltd. (Registered)		5,796		247,893
Fujikura Ltd.		2,300		19,251
Legrand SA		1,242		121,745
Nexans SA		253		23,291
Nidec Corp.		2,300		87,201
Prysmian SpA		1,610		71,686
Schneider Electric SE		1,932		383,840
Siemens Energy AG*		3,036		46,055
Vestas Wind Systems A/S*		4,968		142,384

				1,143,346

Electronic Equipment, Instruments & Components - 0.8%
CDW Corp.		1,012		229,441
Corning, Inc.		2,346		76,222
Flex Ltd.*		1,150		27,301
Halma plc		690		19,269
Hexagon AB, Class B		8,602		94,909
Ibiden Co. Ltd.		1,000		51,609
Jabil, Inc.		736		92,213
Kyocera Corp.		7,200		107,501
Murata Manufacturing Co. Ltd.		12,200		251,637
Omron Corp.		1,200		55,085
Shimadzu Corp.		900		25,299
TDK Corp.		1,500		76,367
TE Connectivity Ltd.		1,794		255,089
Yokogawa Electric Corp.		1,000		20,003

				1,381,945

Energy Equipment & Services - 0.3%
Schlumberger NV		10,948		533,168
Technip Energies NV		138		2,892

				536,060


Investments	Shares		Value ($)
Entertainment - 0.6%
Bollore SE		4,117		27,392
Walt Disney Co. (The)		10,442		1,002,954

				1,030,346

Financial Services - 3.5%
AMP Ltd.		26,105		16,135
Apollo Global Management, Inc.(a)		3,634		364,854
Berkshire Hathaway, Inc., Class B*		9,936		3,812,841
Edenred SE(a)		1,150		69,230
EXOR NV		276		26,940
Industrivarden AB, Class C(a)		460		14,598
Kinnevik AB, Class B*		690		7,536
M&G plc		14,398		41,089
Nexi SpA*(b)		4,232		32,841
ORIX Corp.		4,200		82,420
Visa, Inc., Class A(a)		6,072		1,659,235
Wendel SE		230		21,074
Worldline SA*(a)(b)		1,380		18,910

				6,167,703

Food Products - 0.8%
AAK AB		1,610		36,618
Ajinomoto Co., Inc.		3,500		145,747
Associated British Foods plc		1,012		30,169
Bakkafrost P/F		46		2,595
Danone SA		1,518		101,805
Darling Ingredients, Inc.*		552		23,902
General Mills, Inc.		2,254		146,307
Hershey Co. (The)		598		115,737
JDE Peet’s NV(a)		92		2,285
Kellanova		1,288		70,531
Kerry Group plc, Class A		690		61,970
MEIJI Holdings Co. Ltd.		2,300		56,188
Mondelez International, Inc., Class A		5,244		394,716
Mowi ASA		2,852		51,767
Nissin Foods Holdings Co. Ltd.		900		29,424
Orkla ASA		3,726		29,397
Salmar ASA		368		20,581
Viscofan SA		46		2,708
Yakult Honsha Co. Ltd.		1,100		24,306

				1,346,753

Gas Utilities - 0.1%
APA Group		5,382		30,206
Enagas SA		322		5,278
Naturgy Energy Group SA(a)		805		21,861
Rubis SCA		276		7,033
Snam SpA		10,810		53,181
Tokyo Gas Co. Ltd.		2,300		53,513

				171,072

Ground Transportation - 0.8%
Canadian National Railway Co.		2,162		269,884
Canadian Pacific Kansas City Ltd.		3,312		268,198
ComfortDelGro Corp. Ltd.		13,800		14,457
Hankyu Hanshin Holdings, Inc.		1,300		40,279
MTR Corp. Ltd.(a)		10,000		32,492
Tokyu Corp.(a)		2,300		27,260
Uber Technologies, Inc.*		11,730		765,617

				1,418,187


Investments	Shares		Value ($)
Health Care Equipment & Supplies - 2.6%
Abbott Laboratories		9,936		1,124,258
Alcon, Inc.		2,622		200,016
Ansell Ltd.		322		5,141
Baxter International, Inc.		1,886		72,969
BioMerieux		230		24,984
Boston Scientific Corp.*		5,612		355,015
Carl Zeiss Meditec AG		46		4,925
Cochlear Ltd.		460		92,587
ConvaTec Group plc(b)		9,660		29,647
Demant A/S*		552		25,244
Edwards Lifesciences Corp.*		3,450		270,721
Elekta AB, Class B		920		7,007
EssilorLuxottica SA		736		145,745
Fisher & Paykel Healthcare Corp. Ltd.(a)		4,456		64,924
Getinge AB, Class B		1,058		22,906
Hologic, Inc.*		1,334		99,303
Hoya Corp.		2,300		298,091
Medtronic plc		7,590		664,429
Olympus Corp.(a)		4,000		60,202
Smith & Nephew plc		1,150		16,263
Sonova Holding AG (Registered)		230		74,455
Straumann Holding AG (Registered)		736		113,594
Stryker Corp.		1,932		648,147
Terumo Corp.		2,300		79,161
Zimmer Biomet Holdings, Inc.		690		86,664

				4,586,398

Health Care Providers & Services - 2.2%
Cardinal Health, Inc.		920		100,455
Cigna Group (The)		1,656		498,373
CVS Health Corp.		4,876		362,628
Elevance Health, Inc.		1,794		885,231
Fresenius Medical Care AG		1,058		41,373
Fresenius SE & Co. KGaA		2,070		58,732
Galenica AG(b)		184		16,355
Sonic Healthcare Ltd.(a)		736		15,579
UnitedHealth Group, Inc.		3,542		1,812,583

				3,791,309

Health Care REITs - 0.3%
Cofinimmo SA, REIT		322		23,610
Healthpeak Properties, Inc., REIT		4,968		91,908
Ventas, Inc., REIT		1,978		91,759
Welltower, Inc., REIT		3,358		290,501

				497,778

Hotels, Restaurants & Leisure - 1.4%
Accor SA		1,357		54,097
Amadeus IT Group SA		2,392		169,046
Booking Holdings, Inc.*		138		484,031
Chipotle Mexican Grill, Inc., Class A*		104		250,512
Compass Group plc		6,762		187,549
Darden Restaurants, Inc.		414		67,308
Domino’s Pizza Enterprises Ltd.		644		16,880
Domino’s Pizza, Inc.		138		58,818
Entain plc(a)		3,956		48,776
Expedia Group, Inc.*		506		75,055


Investments	Shares		Value ($)
Greggs plc		851		28,957
Hilton Worldwide Holdings, Inc.		1,472		281,093
InterContinental Hotels Group plc		736		70,294
Just Eat Takeaway.com NV*(a)(b)		1,564		24,039
La Francaise des Jeux SAEM(b)		276		11,285
Las Vegas Sands Corp.		874		42,756
Lottery Corp. Ltd. (The)		9,982		33,389
MGM Resorts International*		1,564		67,831
Oriental Land Co. Ltd.		5,800		218,311
Sodexo SA		529		60,106
SSP Group plc*		1,150		3,310
TUI AG*		2,300		16,080
Whitbread plc		736		33,704
Yum! Brands, Inc.		1,656		214,435

				2,517,662

Household Durables - 0.9%
Berkeley Group Holdings plc		460		28,124
Electrolux AB, Class B*		46		436
GN Store Nord A/S*		506		12,064
Nikon Corp.		2,300		23,877
Panasonic Holdings Corp.		11,500		110,811
Persimmon plc		644		11,998
SEB SA		184		22,685
Sekisui House Ltd.(a)		4,600		105,327
Sony Group Corp.		12,500		1,256,628
Taylor Wimpey plc		22,448		42,365
Vistry Group plc		920		11,774

				1,626,089

Household Products - 1.2%
Clorox Co. (The)		644		93,541
Colgate-Palmolive Co.		3,220		271,124
Essity AB, Class B		2,438		57,739
Henkel AG & Co. KGaA (Preference)		828		63,949
Procter & Gamble Co. (The)		8,970		1,409,546
Reckitt Benckiser Group plc		2,898		210,651
Unicharm Corp.		1,200		41,769

				2,148,319

Independent Power and Renewable Electricity Producers - 0.1%
AES Corp. (The)		3,726		62,150
Drax Group plc		2,438		15,809
EDP Renovaveis SA		598		9,776
Meridian Energy Ltd.		8,142		27,815

				115,550

Industrial Conglomerates - 0.4%
Hitachi Ltd.		4,600		367,402
Investment AB Latour, Class B(a)		322		8,199
Keppel Ltd.		4,600		24,646
Lifco AB, Class B(a)		552		13,474
Siemens AG (Registered)		1,334		241,529

				655,250

Industrial REITs - 0.1%
CapitaLand Ascendas REIT, REIT		13,800		30,154
Goodman Group, REIT		8,510		144,014
Segro plc, REIT		4,554		51,138
Warehouses De Pauw CVA, REIT		506		14,994

				240,300


Investments	Shares		Value ($)
Insurance - 1.6%
Admiral Group plc		828		26,519
Aegon Ltd.		5,221		30,988
Aflac, Inc.		1,794		151,306
Ageas SA/NV		1,012		43,762
Allianz SE (Registered)		736		198,111
ASR Nederland NV		506		24,025
Assicurazioni Generali SpA		5,934		133,364
Aviva plc		12,282		67,614
AXA SA		9,476		320,739
Beazley plc		3,772		26,155
Direct Line Insurance Group plc*		3,680		7,939
Hannover Rueck SE		322		77,719
Hiscox Ltd.		460		6,086
Insurance Australia Group Ltd.		13,340		53,263
Legal & General Group plc		11,086		35,999
Medibank Pvt Ltd.		14,122		35,848
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)		598		256,063
nib holdings Ltd.		3,082		16,584
NN Group NV		1,703		70,370
Phoenix Group Holdings plc		4,554		29,310
Poste Italiane SpA(b)		2,622		28,667
Power Corp. of Canada		1,978		58,020
Principal Financial Group, Inc.		920		72,772
QBE Insurance Group Ltd.		5,612		58,800
Sampo OYJ, Class A		2,300		96,899
Steadfast Group Ltd.		5,658		22,254
Storebrand ASA		2,760		25,028
Sun Life Financial, Inc.		2,852		148,764
Swiss Life Holding AG (Registered)		92		66,642
Swiss Re AG		1,012		116,908
Topdanmark A/S(a)		24		1,072
Tryg A/S(a)		2,622		56,381
Willis Towers Watson plc		414		101,968
Zurich Insurance Group AG		506		259,002

				2,724,941

Interactive Media & Services - 5.7%
Alphabet, Inc., Class C*		21,758		3,085,284
Auto Trader Group plc(b)		5,980		55,500
CAR Group Ltd.		2,795		60,990
LY Corp.		13,800		43,616
Meta Platforms, Inc., Class A*		16,882		6,586,344
REA Group Ltd.		276		33,560
Rightmove plc		3,266		23,299
Snap, Inc., Class A*(a)		6,532		103,794

				9,992,387

IT Services - 3.3%
Accenture plc, Class A		7,590		2,761,849
Akamai Technologies, Inc.*		1,104		136,046
Alten SA		92		14,370
Amdocs Ltd.		966		88,563
Capgemini SE		874		196,712
CGI, Inc.*		1,472		165,880
Cognizant Technology Solutions Corp., Class A		3,864		297,992


Investments	Shares		Value ($)
Computacenter plc		575		21,264
Fujitsu Ltd.		1,600		228,110
Gartner, Inc.*		598		273,549
International Business Machines Corp.		6,992		1,284,151
NEC Corp.		1,900		126,082
Nomura Research Institute Ltd.		2,300		71,325
NTT Data Group Corp.		2,000		29,287
Okta, Inc., Class A*		598		49,425
Reply SpA		230		31,854
Softcat plc		644		11,859
Sopra Steria Group		92		21,766
TIS, Inc.		1,200		27,123

				5,837,207

Leisure Products - 0.1%
Bandai Namco Holdings, Inc.		2,900		63,783
Thule Group AB(b)		690		17,770
Yamaha Corp.		900		20,109

				101,662

Life Sciences Tools & Services - 0.3%
Eurofins Scientific SE(a)		552		33,638
Gerresheimer AG		92		9,484
Illumina, Inc.*		598		85,520
IQVIA Holdings, Inc.*		1,058		220,307
Lonza Group AG (Registered)		230		113,894
QIAGEN NV*(a)		714		31,334
Sartorius AG (Preference)		92		34,068
Siegfried Holding AG (Registered)		23		23,138
Tecan Group AG (Registered)		46		17,835
Wuxi Biologics Cayman, Inc.*(b)		11,500		30,158

				599,376

Machinery - 1.1%
Aalberts NV		230		9,239
Alfa Laval AB		621		23,085
Alstom SA(a)		1,649		21,047
ANDRITZ AG		299		18,562
Atlas Copco AB, Class A		6,716		108,517
Bucher Industries AG (Registered)		46		19,669
Cummins, Inc.		552		132,094
Daimler Truck Holding AG		1,564		56,505
Ebara Corp.		300		19,195
Epiroc AB, Class A		2,576		45,986
FANUC Corp.		4,600		129,558
Fortive Corp.		1,472		115,081
Georg Fischer AG (Registered)		506		34,270
Husqvarna AB, Class B(a)		1,242		9,785
IMI plc		667		14,312
Indutrade AB		690		16,982
Interpump Group SpA		322		16,104
KION Group AG		322		14,900
Knorr-Bremse AG		92		5,750
Komatsu Ltd.		3,300		95,834
Kone OYJ, Class B		1,564		78,047
Metso OYJ		3,864		38,993
MINEBEA MITSUMI, Inc.		2,300		48,620
Otis Worldwide Corp.		1,702		150,525
Rotork plc		7,199		28,731
Sandvik AB		2,898		61,537


Investments	Shares		Value ($)
Schindler Holding AG		184		46,330
Seatrium Ltd.*		138,000		10,327
SFS Group AG		23		2,794
SKF AB, Class B		782		15,583
Spirax-Sarco Engineering plc		414		52,747
Stanley Black & Decker, Inc.		736		68,669
Techtronic Industries Co. Ltd.		4,500		47,894
Trelleborg AB, Class B		966		29,703
Valmet OYJ(a)		552		15,740
Volvo AB, Class B		6,946		167,997
Wartsila OYJ Abp		3,427		50,999
Weir Group plc (The)		1,035		23,981

				1,845,692

Marine Transportation - 0.1%
AP Moller - Maersk A/S, Class B		23		42,652
Mitsui OSK Lines Ltd.		1,400		50,857
Nippon Yusen KK		2,300		80,215

				173,724

Media - 0.3%
Dentsu Group, Inc.		1,200		32,279
Informa plc		7,958		78,783
Interpublic Group of Cos., Inc. (The)		1,656		54,631
ITV plc		19,343		14,779
Omnicom Group, Inc.		1,886		170,457
Publicis Groupe SA		1,380		139,559
SES SA, Class A, ADR		3,036		18,798
Vivendi SE		4,554		51,719
WPP plc(a)		1,426		14,008

				575,013

Metals & Mining - 1.1%
Anglo American plc		3,358		81,103
Antofagasta plc		1,679		37,096
Aurubis AG		184		13,403
BHP Group Ltd.		25,346		792,008
BlueScope Steel Ltd.		598		9,333
Boliden AB		1,518		40,689
Fortescue Ltd.		9,936		196,258
IGO Ltd.		1,311		6,552
Iluka Resources Ltd.		2,162		10,362
Mineral Resources Ltd.		1,242		49,220
Newmont Corp.		4,232		146,046
Norsk Hydro ASA		7,728		45,777
Northern Star Resources Ltd.		7,291		63,379
Rio Tinto Ltd.		1,518		133,382
Rio Tinto plc		3,312		232,098
Sims Ltd.		138		1,325
South32 Ltd.		29,992		66,418
SSAB AB, Class B		3,358		25,935
thyssenkrupp AG		1,426		8,925
voestalpine AG		782		23,445

				1,982,754

Multi-Utilities - 0.4%
A2A SpA		10,971		21,934
AGL Energy Ltd.		3,956		22,673
Centrica plc		14,122		24,898
Engie SA		9,246		148,744
Hera SpA		8,119		28,839


Investments	Shares		Value ($)
National Grid plc		14,582		195,908
Public Service Enterprise Group, Inc.		3,082		178,725

				621,721

Office REITs - 0.1%
Alexandria Real Estate Equities, Inc., REIT(a)		920		111,228
Dexus, REIT		5,152		26,565
Gecina SA, REIT		184		20,526

				158,319

Oil, Gas & Consumable Fuels - 5.5%
Aker BP ASA		920		24,706
Ampol Ltd.		1,564		37,602
BP plc		54,280		319,659
Chevron Corp.(a)		20,240		2,983,983
Coterra Energy, Inc.		3,956		98,425
Eni SpA		12,282		197,638
Equinor ASA		4,324		125,152
Exxon Mobil Corp.		37,720		3,877,993
Galp Energia SGPS SA		1,150		18,257
Gaztransport Et Technigaz SA		184		26,003
Marathon Oil Corp.		2,576		58,862
Neste OYJ		782		27,225
OMV AG(a)		276		12,385
ORLEN SA		2,070		32,563
Pembina Pipeline Corp.		2,254		78,128
Shell plc		31,832		1,004,995
Suncor Energy, Inc.		4,554		151,749
TC Energy Corp.		3,910		155,224
TotalEnergies SE		6,210		405,411
Woodside Energy Group Ltd.		3,818		81,799

				9,717,759

Paper & Forest Products - 0.1%
Holmen AB, Class B(a)		460		18,325
Mondi plc		2,300		41,415
Oji Holdings Corp.		4,600		18,208
Stora Enso OYJ, Class R		1,610		20,663

				98,611

Passenger Airlines - 0.1%
ANA Holdings, Inc.*		2,300		51,452
International Consolidated Airlines Group SA*		16,330		30,788
Qantas Airways Ltd.*		11,914		43,789
Singapore Airlines Ltd.		6,900		34,491

				160,520

Personal Care Products - 0.9%
Beiersdorf AG		437		64,487
Estee Lauder Cos., Inc. (The), Class A		1,334		176,074
Haleon plc		27,232		111,492
Kao Corp.		2,800		112,306
L’Oreal SA		1,242		599,955
Shiseido Co. Ltd.		3,400		96,063
Unilever plc		9,936		487,161

				1,647,538

Pharmaceuticals - 6.9%
Astellas Pharma, Inc.		13,800		162,853
AstraZeneca plc		7,452		996,424


Investments	Shares		Value ($)
Bristol-Myers Squibb Co.		11,546		564,253
Chugai Pharmaceutical Co. Ltd.		2,300		84,133
Daiichi Sankyo Co. Ltd.		6,900		208,782
Eisai Co. Ltd.		1,300		62,236
Eli Lilly & Co.		3,220		2,078,864
GSK plc		16,192		323,317
Hikma Pharmaceuticals plc		828		20,366
Ipsen SA		115		13,366
Merck & Co., Inc.		19,320		2,333,470
Merck KGaA		552		91,381
Novartis AG (Registered)		7,314		762,221
Novo Nordisk A/S, Class B		11,638		1,314,105
Ono Pharmaceutical Co. Ltd.		2,300		42,043
Orion OYJ, Class B		782		36,288
Pfizer, Inc.		21,344		577,995
Roche Holding AG		2,530		728,756
Sanofi SA		5,888		597,116
Santen Pharmaceutical Co. Ltd.		2,300		23,523
Shionogi & Co. Ltd.		3,400		165,377
Takeda Pharmaceutical Co. Ltd.		4,600		137,268
UCB SA		414		39,259
Zoetis, Inc., Class A		3,496		656,584

				12,019,980

Professional Services - 0.9%
Adecco Group AG (Registered)		1,012		44,286
ALS Ltd.		2,392		20,034
Arcadis NV		506		28,004
Automatic Data Processing, Inc.		1,564		384,400
Bureau Veritas SA		1,380		37,026
Computershare Ltd.		3,772		63,310
DKSH Holding AG		138		9,741
Experian plc		1,518		63,715
Intertek Group plc		552		31,583
Randstad NV		552		31,635
RELX plc		9,200		382,167
SGS SA (Registered)		644		60,087
Teleperformance SE		322		50,944
Verisk Analytics, Inc., Class A		828		199,987
Wolters Kluwer NV		1,104		163,694

				1,570,613

Real Estate Management & Development - 0.5%
Castellum AB*(a)		736		9,648
CBRE Group, Inc., Class A*		2,898		250,126
City Developments Ltd.		4,600		21,032
CK Asset Holdings Ltd.		11,500		51,857
Daito Trust Construction Co. Ltd.		300		34,531
Daiwa House Industry Co. Ltd.		3,800		119,167
Fabege AB		2,300		21,806
Hongkong Land Holdings Ltd.		4,600		14,398
Kojamo OYJ		1,012		12,158
Mitsubishi Estate Co. Ltd.		4,600		64,905
Mitsui Fudosan Co. Ltd.		2,300		58,658
Sagax AB, Class B		552		13,586
Swiss Prime Site AG (Registered)		460		47,027
Tokyu Fudosan Holdings Corp.		4,600		31,261
Vonovia SE		3,634		114,673
Wihlborgs Fastigheter AB		2,346		21,218

				886,051


Investments	Shares		Value ($)
Residential REITs - 0.1%
Camden Property Trust, REIT		460		43,167
Equity Residential, REIT		1,196		71,987
Essex Property Trust, Inc., REIT		322		75,113

				190,267

Retail REITs - 0.2%
CapitaLand Integrated Commercial Trust, REIT		27,600		41,513
Klepierre SA, REIT		644		16,852
Link REIT, REIT		9,200		46,134
Region RE Ltd., REIT		12,512		18,775
Simon Property Group, Inc., REIT		1,288		178,530
Unibail-Rodamco-Westfield, REIT*		322		23,428
Vicinity Ltd., REIT		17,802		24,124

				349,356

Semiconductors & Semiconductor Equipment - 7.5%
Advanced Micro Devices, Inc.*		9,200		1,542,748
Advantest Corp.		2,400		95,606
AIXTRON SE		253		9,556
Applied Materials, Inc.		6,348		1,042,976
ASM International NV		276		154,759
ASML Holding NV		1,472		1,276,290
BE Semiconductor Industries NV		322		48,898
Broadcom, Inc.		2,668		3,148,240
Infineon Technologies AG		4,646		170,302
Intel Corp.		32,016		1,379,249
KLA Corp.		506		300,584
Lam Research Corp.		736		607,325
Marvell Technology, Inc.		3,220		217,994
Micron Technology, Inc.		10,396		891,457
QUALCOMM, Inc.		4,232		628,494
Renesas Electronics Corp.*		9,200		155,583
Rohm Co. Ltd.		2,400		42,352
SOITEC*		161		23,680
STMicroelectronics NV(a)		2,806		124,679
SUMCO Corp.		2,300		35,497
Texas Instruments, Inc.		5,198		832,304
Tokyo Electron Ltd.		2,300		438,444

				13,167,017

Software - 9.9%
Adobe, Inc.*		2,576		1,591,401
Autodesk, Inc.*		2,024		513,711
Crowdstrike Holdings, Inc., Class A*		1,702		497,835
Dassault Systemes SE		2,392		125,330
DocuSign, Inc., Class A*		1,104		67,256
Gen Digital, Inc.		4,922		115,569
HubSpot, Inc.*		368		224,848
Intuit, Inc.		1,610		1,016,441
Microsoft Corp.		22,034		8,760,278
Oracle Corp.		9,062		1,012,225
Palo Alto Networks, Inc.*		1,794		607,287
Sage Group plc (The)		3,956		59,345
Salesforce, Inc.*		3,680		1,034,411
SAP SE		4,600		803,477
Splunk, Inc.*		874		134,045
Synopsys, Inc.*		874		466,148


Investments	Shares		Value ($)
Temenos AG (Registered)		230		23,696
WiseTech Global Ltd.		1,242		59,927
Workday, Inc., Class A*		782		227,617
Xero Ltd.*		690		50,534

				17,391,381

Specialized REITs - 0.6%
American Tower Corp., REIT		2,668		521,994
Big Yellow Group plc, REIT(a)		874		12,777
Crown Castle, Inc., REIT		1,656		179,262
Iron Mountain, Inc., REIT(a)		1,426		96,283
Keppel DC REIT, REIT		2,300		2,909
Safestore Holdings plc, REIT		230		2,425
Weyerhaeuser Co., REIT		5,658		185,413

				1,001,063

Specialty Retail - 2.1%
Best Buy Co., Inc.		1,518		110,040
Burlington Stores, Inc.*(a)		230		43,965
H & M Hennes & Mauritz AB, Class B(a)		2,668		38,082
Home Depot, Inc. (The)		3,818		1,347,601
Industria de Diseno Textil SA		3,036		130,958
JB Hi-Fi Ltd.		874		33,042
Kingfisher plc(a)		11,270		31,631
Lowe’s Cos., Inc.		3,312		704,926
Nitori Holdings Co. Ltd.		600		79,076
Ross Stores, Inc.		1,932		271,021
TJX Cos., Inc. (The)		6,578		624,318
Tractor Supply Co.		552		123,979
Watches of Switzerland Group plc*(d)		1,472		7,011
Williams-Sonoma, Inc.(a)		644		124,543
Zalando SE*(b)		414		8,401

				3,678,594

Technology Hardware, Storage & Peripherals - 4.9%
Apple, Inc.		41,998		7,744,431
Brother Industries Ltd.		900		15,294
FUJIFILM Holdings Corp.		2,000		128,750
Hewlett Packard Enterprise Co.		9,614		146,998
HP, Inc.		6,486		186,213
Konica Minolta, Inc.*		4,600		12,824
Logitech International SA (Registered)		414		34,969
NetApp, Inc.		1,058		92,258
Ricoh Co. Ltd.		2,300		18,378
Seiko Epson Corp.		2,300		34,089
Western Digital Corp.*		2,622		150,109

				8,564,313

Textiles, Apparel & Luxury Goods - 1.7%
adidas AG		368		70,402
Asics Corp.		1,300		40,279
Burberry Group plc		2,162		36,012
Christian Dior SE		23		18,413
Cie Financiere Richemont SA (Registered)		874		131,429
Deckers Outdoor Corp.*		138		104,015
Hermes International SCA		92		195,653
HUGO BOSS AG		391		24,694
Kering SA		368		153,200


Investments	Shares		Value ($)
Lululemon Athletica, Inc.*		1,150		521,893
LVMH Moet Hennessy Louis Vuitton SE		1,334		1,120,991
Moncler SpA		782		48,673
NIKE, Inc., Class B		4,646		471,708
Pandora A/S		506		74,405
Puma SE		598		24,424
Swatch Group AG (The)		69		16,384

				3,052,575

Trading Companies & Distributors - 1.0%
Ashtead Group plc		2,070		137,127
Beijer Ref AB, Class B(a)		1,656		22,887
Bunzl plc		736		30,133
Diploma plc		805		33,419
Ferguson plc		2,300		432,078
Grafton Group plc		1,150		14,233
IMCD NV		184		28,381
ITOCHU Corp.(a)		6,900		318,719
Mitsui & Co. Ltd.		7,600		313,567
Rexel SA		1,219		32,825
RS GROUP plc		2,070		20,709
Sojitz Corp.		1,599		38,330
Sumitomo Corp.		6,900		161,201
Toyota Tsusho Corp.		1,300		87,031
Travis Perkins plc		2,070		20,825

				1,691,465

Transportation Infrastructure - 0.2%
Aena SME SA(b)		276		49,243
Aeroports de Paris SA		92		12,432
Auckland International Airport Ltd.		5,553		28,832
Flughafen Zurich AG (Registered)		46		9,582
Getlink SE		2,047		35,577
Qube Holdings Ltd.		10,166		22,042
SATS Ltd.*		4,600		9,466
Transurban Group		13,294		118,726

				285,900

Water Utilities - 0.2%
American Water Works Co., Inc.		1,564		193,967
Pennon Group plc		3,128		28,123
Severn Trent plc		1,702		56,309
United Utilities Group plc(a)		1,794		24,365

				302,764

Wireless Telecommunication Services - 0.1%
Millicom International Cellular SA, SDR*		414		7,172
Tele2 AB, Class B		1,978		17,011
Vodafone Group plc		105,156		90,149

				114,332

TOTAL COMMON STOCKS (COST $127,669,664)				173,736,584


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.2%(e)

REPURCHASE AGREEMENTS - 0.2%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $305,989, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $2,425,216 (Cost $305,943)		305,943		305,943

Total Investments - 99.3% (Cost $127,975,607)				174,042,527
Other assets less liabilities - 0.7%				1,185,317

Net Assets - 100.0%				175,227,844

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $6,622,894, collateralized in the form of cash with a value of $305,943 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $6,031,299 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 6, 2024 – November 15, 2053 and $671,207 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.75%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $7,008,449.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	Represents less than 0.05% of net assets.

(d)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(e)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $305,943.

FlexShares^® STOXX^® Global ESG Select Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® STOXX^® Global ESG Select Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® STOXX^® Global ESG Select Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.8%

Aerospace & Defense - 0.2%
Axon Enterprise, Inc.*		352		87,669

Air Freight & Logistics - 0.1%
United Parcel Service, Inc., Class B		352		49,949

Automobiles - 1.8%
Tesla, Inc.*		4,160		779,126

Banks - 3.4%
Bank of America Corp.		12,416		422,268
Citigroup, Inc.		7,104		399,032
JPMorgan Chase & Co.		3,840		669,542

				1,490,842

Beverages - 1.1%
PepsiCo, Inc.		2,848		479,973

Biotechnology - 2.9%
AbbVie, Inc.		1,344		220,954
Amgen, Inc.		1,664		522,929
Biogen, Inc.*		736		181,542
Regeneron Pharmaceuticals, Inc.*		384		362,027

				1,287,452

Broadline Retail - 3.8%
Amazon.com, Inc.*		9,888		1,534,618
eBay, Inc.		2,656		109,082
Etsy, Inc.*		608		40,468

				1,684,168

Building Products - 1.2%
Johnson Controls International plc		3,392		178,725
Owens Corning		448		67,885
Trane Technologies plc		1,152		290,362

				536,972

Capital Markets - 3.7%
BlackRock, Inc.		32		24,778
Goldman Sachs Group, Inc. (The)		256		98,307
Moody’s Corp.		832		326,177
Morgan Stanley		5,088		443,877
MSCI, Inc.		384		229,870
Nasdaq, Inc.		224		12,940
S&P Global, Inc.		1,088		487,805

				1,623,754

Chemicals - 1.1%
Ecolab, Inc.		1,312		260,065
International Flavors & Fragrances, Inc.		1,280		103,270
PPG Industries, Inc.		800		112,832

				476,167

Commercial Services & Supplies - 1.4%
Cintas Corp.		480		290,194


Investments	Shares		Value ($)
Waste Management, Inc.		1,696		314,828

				605,022

Communications Equipment - 0.3%
Cisco Systems, Inc.		2,400		120,432

Consumer Finance - 0.1%
American Express Co.		288		57,813

Consumer Staples Distribution & Retail - 2.0%
Kroger Co. (The)		3,392		156,507
Sysco Corp.		2,592		209,770
Target Corp.		1,824		253,682
Walgreens Boots Alliance, Inc.		3,840		86,669
Walmart, Inc.		1,152		190,368

				896,996

Containers & Packaging - 0.2%
Avery Dennison Corp.		416		82,971
Ball Corp.		256		14,195

				97,166

Diversified Telecommunication Services - 1.4%
AT&T, Inc.(a)		18,720		331,157
Verizon Communications, Inc.		6,944		294,078

				625,235

Electric Utilities - 0.9%
Eversource Energy(a)		1,792		97,162
Exelon Corp.		4,992		173,772
NextEra Energy, Inc.		800		46,904
PG&E Corp.		3,584		60,462

				378,300

Electrical Equipment - 0.2%
Rockwell Automation, Inc.		256		64,840

Energy Equipment & Services - 0.6%
Baker Hughes Co.		3,360		95,760
Schlumberger NV(a)		3,648		177,658

				273,418

Entertainment - 0.7%
Walt Disney Co. (The)		3,232		310,434

Financial Services - 4.5%
Berkshire Hathaway, Inc., Class B*		736		282,433
Mastercard, Inc., Class A		1,600		718,768
PayPal Holdings, Inc.*		3,488		213,989
Visa, Inc., Class A(a)		2,848		778,244

				1,993,434

Food Products - 0.2%
Mondelez International, Inc., Class A		1,088		81,894

Ground Transportation - 1.8%
CSX Corp.		10,080		359,856
Norfolk Southern Corp.		1,152		270,996
Union Pacific Corp.		672		163,921

				794,773


Investments	Shares		Value ($)
Health Care Equipment & Supplies - 2.0%
Abbott Laboratories		224		25,346
Boston Scientific Corp.*		7,072		447,375
Medtronic plc		4,640		406,185

				878,906

Health Care Providers & Services - 2.9%
Cencora, Inc.		512		119,132
Cigna Group (The)		1,376		414,107
CVS Health Corp.		2,624		195,147
Elevance Health, Inc.		896		442,123
UnitedHealth Group, Inc.		192		98,254

				1,268,763

Hotel & Resort REITs - 0.2%
Host Hotels & Resorts, Inc., REIT		3,648		70,115

Hotels, Restaurants & Leisure - 1.5%
Airbnb, Inc., Class A*		192		27,675
Booking Holdings, Inc.*(a)		64		224,478
Caesars Entertainment, Inc.*		1,152		50,538
Las Vegas Sands Corp.		1,696		82,968
McDonald’s Corp.		736		215,442
MGM Resorts International*		1,408		61,065

				662,166

Household Products - 1.9%
Church & Dwight Co., Inc.		96		9,585
Clorox Co. (The)		608		88,312
Colgate-Palmolive Co.		4,000		336,800
Kimberly-Clark Corp.		576		69,679
Procter & Gamble Co. (The)		2,112		331,880

				836,256

Industrial Conglomerates - 0.1%
3M Co.		288		27,173

Industrial REITs - 1.0%
Prologis, Inc., REIT		3,584		454,057

Insurance - 1.5%
Aflac, Inc.		640		53,978
Chubb Ltd.		1,056		258,720
Hartford Financial Services Group, Inc. (The)		1,568		136,353
MetLife, Inc.(a)		3,264		226,260

				675,311

Interactive Media & Services - 6.3%
Alphabet, Inc., Class A*		8,256		1,156,666
Alphabet, Inc., Class C*		7,520		1,066,336
Meta Platforms, Inc., Class A*		1,408		549,317

				2,772,319

IT Services - 2.4%
Accenture plc, Class A		1,120		407,545
Akamai Technologies, Inc.*		768		94,641
International Business Machines Corp.		2,912		534,818

				1,037,004

Life Sciences Tools & Services - 0.7%
Agilent Technologies, Inc.		192		24,979


Investments	Shares		Value ($)
Charles River Laboratories International, Inc.*		256		55,368
ICON plc*		64		16,696
Illumina, Inc.*		800		114,408
Mettler-Toledo International, Inc.*		96		114,930

				326,381

Machinery - 2.0%
CNH Industrial NV		4,480		53,760
Cummins, Inc.		704		168,467
Deere & Co.		864		340,053
Stanley Black & Decker, Inc.		736		68,669
Westinghouse Air Brake Technologies Corp.		928		122,097
Xylem, Inc.		928		104,344

				857,390

Media - 0.5%
Comcast Corp., Class A		3,808		177,224
Interpublic Group of Cos., Inc. (The)		1,856		61,230

				238,454

Metals & Mining - 0.7%
Newmont Corp.		5,856		202,091
Nucor Corp.		96		17,945
Steel Dynamics, Inc.		832		100,414

				320,450

Multi-Utilities - 0.9%
Consolidated Edison, Inc.		1,728		157,075
Sempra		3,200		228,992

				386,067

Office REITs - 0.1%
Boston Properties, Inc., REIT		704		46,816

Oil, Gas & Consumable Fuels - 2.9%
Cheniere Energy, Inc.		1,024		167,926
EQT Corp.		1,792		63,437
Exxon Mobil Corp.		192		19,740
Marathon Petroleum Corp.		2,016		333,850
ONEOK, Inc.		1,408		96,096
Pioneer Natural Resources Co.		512		117,673
Valero Energy Corp.(a)		1,696		235,574
Williams Cos., Inc. (The)		6,240		216,278

				1,250,574

Personal Care Products - 0.4%
Estee Lauder Cos., Inc. (The), Class A		1,184		156,276
Kenvue, Inc.		896		18,601

				174,877

Pharmaceuticals - 4.4%
Bristol-Myers Squibb Co.		3,072		150,128
Eli Lilly & Co.		128		82,638
Johnson & Johnson		4,672		742,381
Merck & Co., Inc.		5,568		672,503
Pfizer, Inc.		10,336		279,899

				1,927,549

Professional Services - 1.4%
Automatic Data Processing, Inc.		1,728		424,708


Investments	Shares		Value ($)
Paychex, Inc.(a)		1,600		194,768

				619,476

Semiconductors & Semiconductor Equipment - 7.8%
Applied Materials, Inc.		2,784		457,411
Broadcom, Inc.		128		151,040
Enphase Energy, Inc.*(a)		704		73,307
First Solar, Inc.*		512		74,905
Intel Corp.		11,648		501,796
NVIDIA Corp.		3,136		1,929,487
QUALCOMM, Inc.		672		99,799
SolarEdge Technologies, Inc.*		256		17,024
Texas Instruments, Inc.		640		102,477

				3,407,246

Software - 11.9%
Adobe, Inc.*		960		593,069
Autodesk, Inc.*		576		146,195
Cadence Design Systems, Inc.*		96		27,692
Microsoft Corp.		7,968		3,167,917
Salesforce, Inc.*		2,368		665,621
ServiceNow, Inc.*		416		318,406
Workday, Inc., Class A*		1,024		298,056

				5,216,956

Specialized REITs - 1.2%
Equinix, Inc., REIT		480		398,290
Weyerhaeuser Co., REIT		3,616		118,496

				516,786

Specialty Retail - 2.0%
Best Buy Co., Inc.(a)		288		20,877
Home Depot, Inc. (The)		480		169,421
Lowe’s Cos., Inc.		704		149,839
TJX Cos., Inc. (The)		4,576		434,308
Tractor Supply Co.		544		122,183

				896,628

Technology Hardware, Storage & Peripherals - 7.6%
Apple, Inc.		16,416		3,027,110
Dell Technologies, Inc., Class C		1,312		108,739
Hewlett Packard Enterprise Co.		6,368		97,367
HP, Inc.		4,416		126,783

				3,359,999

Textiles, Apparel & Luxury Goods - 0.9%
NIKE, Inc., Class B		4,032		409,369

TOTAL COMMON STOCKS (COST $38,276,716)				43,432,917


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.2%(b)

REPURCHASE AGREEMENTS - 0.2%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $73,899, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $585,715 (Cost $73,889)		73,889		73,889


Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 0.1%(c)(d)

U.S. TREASURY OBLIGATIONS - 0.1%
U.S. Treasury Bills 5.38%, 4/11/2024 (Cost $34,642)		35,000		34,645

Total Investments - 99.1% (Cost $38,385,247)				43,541,451
Other assets less liabilities - 0.9%				414,420

Net Assets - 100.0%				43,955,871

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $2,253,042, collateralized in the form of cash with a value of $73,889 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $2,252,201 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – August 15, 2053; a total value of $2,326,089.

(b)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $73,889.

(c)	The rate shown was the current yield as of January 31, 2024.

(d)	All or a portion of the security pledged as collateral for Futures Contracts.

Percentages shown are based on Net Assets.


Abbreviations

REIT		Real Estate Investment Trust

FlexShares^® ESG & Climate US Large Cap Core Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.7%

Air Freight & Logistics - 1.0%
Deutsche Post AG		9,480		458,451

Automobile Components - 0.4%
Bridgestone Corp.		4,400		193,970

Automobiles - 2.5%
Honda Motor Co. Ltd.		2,600		29,802
Mercedes-Benz Group AG		3,820		260,795
Porsche Automobil Holding SE (Preference)		2,020		102,031
Toyota Motor Corp.		34,000		697,794
Yamaha Motor Co. Ltd.		12,000		115,505

				1,205,927

Banks - 11.8%
ABN AMRO Bank NV, CVA(a)		5,460		81,016
Banco Santander SA		46,240		187,627
Bank of Montreal		867		82,180
Bank of Nova Scotia (The)		6,020		283,281
Barclays plc		30,720		58,063
BNP Paribas SA		8,320		565,302
Commonwealth Bank of Australia(b)		7,980		619,992
Credit Agricole SA		4,060		58,708
Danske Bank A/S		9,080		245,665
DBS Group Holdings Ltd.		2,000		47,712
HSBC Holdings plc		59,780		470,616
ING Groep NV		22,880		327,816
Mitsubishi UFJ Financial Group, Inc.		48,000		458,081
Mizuho Financial Group, Inc.		4,000		73,939
National Australia Bank Ltd.		12,160		262,051
NatWest Group plc		18,320		52,538
Nordea Bank Abp		5,240		65,036
Royal Bank of Canada		6,280		616,743
Societe Generale SA		5,120		133,256
Standard Chartered plc		5,300		40,415
Toronto-Dominion Bank (The)		10,120		618,615
Westpac Banking Corp.		21,700		346,857

				5,695,509

Beverages - 1.9%
Anheuser-Busch InBev SA/NV		820		51,226
Asahi Group Holdings Ltd.		2,500		94,236
Coca-Cola HBC AG		2,160		64,035
Diageo plc		13,720		499,779
Kirin Holdings Co. Ltd.		8,000		116,190
Pernod Ricard SA		640		106,018

				931,484

Biotechnology - 0.8%
CSL Ltd.		1,620		323,091
Grifols SA*		4,060		44,741

				367,832


Investments	Shares		Value ($)
Broadline Retail - 0.7%
Canadian Tire Corp. Ltd., Class A(b)		700		74,870
Next plc		1,660		179,007
Rakuten Group, Inc.*		20,000		89,003

				342,880

Building Products - 1.2%
Cie de Saint-Gobain SA		3,320		237,442
Geberit AG (Registered)		280		163,264
Kingspan Group plc		2,020		165,796

				566,502

Capital Markets - 2.8%
Daiwa Securities Group, Inc.		14,000		101,905
Deutsche Boerse AG		240		48,164
EQT AB(b)		4,680		127,731
Hong Kong Exchanges & Clearing Ltd.		2,800		84,746
London Stock Exchange Group plc		200		22,774
Macquarie Group Ltd.(b)		1,400		176,256
Nomura Holdings, Inc.		36,000		189,439
Schroders plc		10,720		55,452
St James’s Place plc		7,300		60,816
UBS Group AG (Registered)		15,740		476,869

				1,344,152

Chemicals - 3.4%
Akzo Nobel NV		2,240		173,341
Arkema SA		620		68,223
Clariant AG (Registered)		3,380		43,774
Covestro AG*(a)		2,580		137,548
Croda International plc		1,860		113,812
Givaudan SA (Registered)		49		206,145
Mitsui Chemicals, Inc.		2,000		59,846
Nissan Chemical Corp.		1,000		40,513
Nitto Denko Corp.		2,000		168,428
Novozymes A/S, Class B		2,540		131,147
Sika AG (Registered)		1,040		291,081
Sumitomo Chemical Co. Ltd.		18,000		43,025
Symrise AG, Class A		1,040		108,384
Umicore SA		640		14,717
Wacker Chemie AG		180		19,836

				1,619,820

Commercial Services & Supplies - 0.4%
Brambles Ltd.		3,120		30,195
Dai Nippon Printing Co. Ltd.		2,700		79,277
Rentokil Initial plc		7,920		41,180
Secom Co. Ltd.		400		29,335

				179,987

Communications Equipment - 0.1%
Nokia OYJ		16,180		58,386

Construction & Engineering - 0.4%
Taisei Corp.		2,000		73,679
WSP Global, Inc.		920		136,005

				209,684

Consumer Staples Distribution & Retail - 2.1%
Aeon Co. Ltd.		2,000		48,339


Investments	Shares		Value ($)
Carrefour SA		6,720		115,480
Jeronimo Martins SGPS SA		3,440		78,769
Loblaw Cos. Ltd.		880		88,491
Metro, Inc., Class A		220		11,624
Tesco plc		92,940		339,204
Woolworths Group Ltd.		13,880		330,405

				1,012,312

Containers & Packaging - 0.5%
SIG Group AG		4,260		90,181
Smurfit Kappa Group plc		3,460		129,893

				220,074

Diversified Consumer Services - 0.2%
Pearson plc		8,820		109,128

Diversified REITs - 0.2%
GPT Group (The), REIT		26,680		82,188
Land Securities Group plc, REIT		2,960		25,240

				107,428

Diversified Telecommunication Services - 2.0%
BCE, Inc.		3,040		122,664
Deutsche Telekom AG (Registered)		15,120		373,566
Nippon Telegraph & Telephone Corp.		100,000		127,450
Swisscom AG (Registered)		340		204,591
Telefonica SA		8,060		33,007
Telia Co. AB(b)		5,760		14,985
TELUS Corp.		5,951		107,256

				983,519

Electric Utilities - 1.8%
Acciona SA		360		47,023
EDP - Energias de Portugal SA		37,240		167,552
Iberdrola SA		22,940		278,465
Iberdrola SA*		395		4,795
Orsted A/S(a)		2,600		148,343
Terna - Rete Elettrica Nazionale		18,320		155,778
Verbund AG(b)		960		78,888

				880,844

Electrical Equipment - 2.4%
Mitsubishi Electric Corp.		8,000		120,568
Schneider Electric SE		3,260		647,681
Vestas Wind Systems A/S*		13,400		384,045

				1,152,294

Electronic Equipment, Instruments & Components - 0.5%
Murata Manufacturing Co. Ltd.		6,000		123,756
Omron Corp.		2,200		100,988

				224,744

Energy Equipment & Services - 0.1%
Tenaris SA		3,940		62,978

Financial Services - 0.3%
GMO Payment Gateway, Inc.		500		30,809
M&G plc		29,140		83,160
Worldline SA*(a)		2,820		38,642

				152,611

Food Products - 2.0%
Ajinomoto Co., Inc.		1,100		45,806
Mowi ASA		460		8,349


Investments	Shares		Value ($)
Nestle SA (Registered)		7,920		909,944

				964,099

Gas Utilities - 0.4%
AltaGas Ltd.		1,780		37,238
APA Group		5,700		31,990
Hong Kong & China Gas Co. Ltd.		160,000		113,595

				182,823

Ground Transportation - 1.9%
Canadian National Railway Co.		3,460		431,914
Canadian Pacific Kansas City Ltd.		2,020		163,575
East Japan Railway Co.		4,000		230,983
MTR Corp. Ltd.		22,000		71,483
West Japan Railway Co.		300		12,622

				910,577

Health Care Equipment & Supplies - 2.1%
Koninklijke Philips NV*		12,160		261,217
Olympus Corp.		10,000		150,505
Siemens Healthineers AG(a)		3,700		208,432
Sonova Holding AG (Registered)		680		220,127
Sysmex Corp.(b)		2,000		109,567
Terumo Corp.		1,300		44,743

				994,591

Hotels, Restaurants & Leisure - 1.6%
Amadeus IT Group SA		6,020		425,442
Genting Singapore Ltd.		82,000		61,975
Oriental Land Co. Ltd.		2,000		75,279
Sands China Ltd.*		32,000		83,917
Whitbread plc		2,520		115,399

				762,012

Household Durables - 1.3%
Sekisui House Ltd.		6,000		137,383
Sony Group Corp.		4,900		492,598

				629,981

Household Products - 0.4%
Henkel AG & Co. KGaA (Preference)		2,220		171,456

Independent Power and Renewable Electricity Producers - 0.2%
Corp. ACCIONA Energias Renovables SA		600		15,707
EDP Renovaveis SA		3,780		61,796

				77,503

Industrial Conglomerates - 2.2%
Hitachi Ltd.		7,400		591,038
Siemens AG (Registered)		2,620		474,367

				1,065,405

Industrial REITs - 0.5%
Nippon Prologis REIT, Inc., REIT		29		52,098
Segro plc, REIT		15,500		174,054

				226,152

Insurance - 6.1%
AIA Group Ltd.		32,000		249,499
Allianz SE (Registered)		2,020		543,729
ASR Nederland NV		920		43,682
Aviva plc		30,980		170,549
AXA SA		13,500		456,942
Japan Post Insurance Co. Ltd.		1,000		18,977
Legal & General Group plc		76,360		247,964


Investments	Shares		Value ($)
MS&AD Insurance Group Holdings, Inc.		5,300		222,914
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)		320		137,024
NN Group NV		2,620		108,261
QBE Insurance Group Ltd.		15,020		157,374
Sun Life Financial, Inc.		2,560		133,533
Swiss Re AG		1,000		115,521
Zurich Insurance Group AG		660		337,828

				2,943,797

Interactive Media & Services - 0.2%
LY Corp.		36,000		113,781

IT Services - 2.0%
Capgemini SE		1,760		396,125
CGI, Inc.*		1,400		157,767
Fujitsu Ltd.		2,400		342,165
Nomura Research Institute Ltd.		2,800		86,830

				982,887

Leisure Products - 0.1%
Yamaha Corp.		2,000		44,686

Machinery - 2.0%
Alstom SA		4,180		53,351
Atlas Copco AB, Class A		8,640		139,605
Epiroc AB, Class A		4,820		86,045
GEA Group AG		1,900		76,776
Hitachi Construction Machinery Co. Ltd.		2,000		57,930
KION Group AG		980		45,349
Komatsu Ltd.		6,000		174,243
Kone OYJ, Class B		240		11,977
MINEBEA MITSUMI, Inc.		4,000		84,556
SKF AB, Class B		4,940		98,443
Volvo AB, Class B		1,520		36,763
Weir Group plc (The)		780		18,073
Yaskawa Electric Corp.		2,400		92,388

				975,499

Media - 1.0%
Dentsu Group, Inc.		2,300		61,868
Informa plc		4,920		48,707
Publicis Groupe SA		2,400		242,712
WPP plc		12,120		119,060

				472,347

Metals & Mining - 2.8%
Anglo American plc		5,580		134,770
Barrick Gold Corp.		1,520		23,891
BlueScope Steel Ltd.		5,980		93,332
Fortescue Ltd.		8,060		159,203
Fresnillo plc		3,060		20,715
Kinross Gold Corp.		16,140		89,516
Mineral Resources Ltd.		2,300		91,149
Norsk Hydro ASA		5,260		31,158
Northern Star Resources Ltd.		14,960		130,044
Rio Tinto Ltd.		1,960		172,219
Sumitomo Metal Mining Co. Ltd.		600		16,833
Teck Resources Ltd., Class B		2,220		89,411


Investments	Shares		Value ($)
Wheaton Precious Metals Corp.		6,040		284,855

				1,337,096

Multi-Utilities - 0.3%
Algonquin Power & Utilities Corp.		9,280		55,359
National Grid plc		6,940		93,238

				148,597

Office REITs - 0.4%
Dexus, REIT		10,300		53,109
Gecina SA, REIT		680		75,859
Japan Real Estate Investment Corp., REIT		20		77,442

				206,410

Oil, Gas & Consumable Fuels - 5.4%
Ampol Ltd.		3,440		82,706
Cameco Corp.		5,620		270,011
Enbridge, Inc.		15,260		545,273
ENEOS Holdings, Inc.		20,000		81,902
Neste OYJ		5,640		196,353
Pembina Pipeline Corp.		3,300		114,384
Repsol SA(b)		9,300		138,803
Shell plc		23,720		739,147
TC Energy Corp.		1,240		49,227
TotalEnergies SE		5,780		377,339
Woodside Energy Group Ltd.		1		20

				2,595,165

Paper & Forest Products - 0.4%
Mondi plc		5,764		103,783
West Fraser Timber Co. Ltd.		820		65,616

				169,399

Personal Care Products - 2.3%
Haleon plc		52,360		214,369
Kao Corp.		6,000		240,657
L’Oreal SA		1,360		656,955

				1,111,981

Pharmaceuticals - 9.1%
AstraZeneca plc		4,940		660,538
Daiichi Sankyo Co. Ltd.		8,000		242,066
GSK plc		15,860		316,688
Novartis AG (Registered)		5,800		604,441
Novo Nordisk A/S, Class B		11,400		1,287,231
Ono Pharmaceutical Co. Ltd.		2,100		38,387
Roche Holding AG		1,440		414,786
Sanofi SA		4,120		417,819
Takeda Pharmaceutical Co. Ltd.		12,000		358,091
UCB SA		560		53,105

				4,393,152

Professional Services - 2.4%
Randstad NV		920		52,726
Recruit Holdings Co. Ltd.		4,300		174,353
RELX plc		14,320		594,852
Wolters Kluwer NV		2,400		355,856

				1,177,787

Real Estate Management & Development - 0.5%
Daiwa House Industry Co. Ltd.		8,000		250,877

Retail REITs - 0.4%
CapitaLand Integrated Commercial Trust, REIT		62,000		93,254


Investments	Shares		Value ($)
Vicinity Ltd., REIT		54,420		73,747

				167,001

Semiconductors & Semiconductor Equipment - 3.0%
Advantest Corp.		5,200		207,146
ASML Holding NV		1,200		1,040,454
Renesas Electronics Corp.*		2,000		33,822
Tokyo Electron Ltd.		900		171,565

				1,452,987

Software - 2.4%
Open Text Corp.		3,540		155,346
SAP SE		5,040		880,332
Xero Ltd.*		1,580		115,716

				1,151,394

Specialty Retail - 1.4%
Fast Retailing Co. Ltd.		200		54,373
H & M Hennes & Mauritz AB, Class B		4,260		60,806
Industria de Diseno Textil SA		11,700		504,679
Zalando SE*(a)		3,000		60,874

				680,732

Technology Hardware, Storage & Peripherals - 0.9%
Canon, Inc.		11,200		312,612
Ricoh Co. Ltd.		8,000		63,923
Seiko Epson Corp.		4,000		59,285

				435,820

Textiles, Apparel & Luxury Goods - 2.2%
adidas AG		520		99,481
Burberry Group plc		5,140		85,616
Hermes International SCA		28		59,546
Kering SA		940		391,327
LVMH Moet Hennessy Louis Vuitton SE		520		436,968

				1,072,938

Trading Companies & Distributors - 1.3%
Bunzl plc		3,400		139,201
Ferguson plc		80		15,129
ITOCHU Corp.		9,400		434,197
Rexel SA		2,160		58,165

				646,692

Transportation Infrastructure - 0.9%
Getlink SE		4,680		81,338
Transurban Group		39,980		357,053

				438,391

Water Utilities - 0.1%
Severn Trent plc		1,340		44,333

Wireless Telecommunication Services - 1.0%
SoftBank Corp.		26,000		349,246
Vodafone Group plc		136,760		117,242

				466,488

TOTAL COMMON STOCKS (COST $43,076,863)				47,545,352


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.9%(c)

REPURCHASE AGREEMENTS - 0.9%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $447,428, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $3,546,247 (Cost $447,362)		447,363		447,362

Total Investments - 99.6% (Cost $43,524,225)				47,992,714
Other assets less liabilities - 0.4%				199,390

Net Assets - 100.0%				48,192,104

*	Non-income producing security.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $945,932, collateralized in the form of cash with a value of $447,363 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $381,890 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.13% – 5.23%, and maturity dates ranging from March 31, 2024 – August 15, 2053 and $187,748 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 4.75%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $1,017,000.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $447,362.

Percentages shown are based on Net Assets.


Abbreviations

CVA		Dutch Certification

OYJ		Public Limited Company

Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

REIT		Real Estate Investment Trust

SCA		Limited partnership with share capital

FlexShares^® ESG & Climate Developed Markets ex-US Core Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® ESG & Climate Developed Markets ex-US Core Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® ESG & Climate Developed Markets ex-US Core Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.2%

Air Freight & Logistics - 0.5%
Agility Public Warehousing Co. KSC*		5,246		9,892
Hyundai Glovis Co. Ltd.*		62		8,125
JD Logistics, Inc.*(a)		2,800		2,435

				20,452

Automobile Components - 0.7%
Hyundai Mobis Co. Ltd.		208		32,728

Automobiles - 1.4%
Eicher Motors Ltd.		282		13,039
Geely Automobile Holdings Ltd.		20,000		18,881
Kia Corp.*		66		5,089
NIO, Inc., ADR*		2,310		12,982
XPeng, Inc., Class A*		3,400		14,070

				64,061

Banks - 18.2%
Abu Dhabi Commercial Bank PJSC		3,816		9,350
Agricultural Bank of China Ltd., Class H		50,000		19,316
Akbank TAS		10,766		14,029
Alinma Bank		458		5,062
AU Small Finance Bank Ltd.(a)		570		4,370
Axis Bank Ltd.		304		3,909
Banco Bradesco SA		5,300		14,674
Banco Bradesco SA (Preference)		10,000		31,066
Banco do Brasil SA		2,800		31,989
Bancolombia SA		802		6,718
Bancolombia SA (Preference)		1,470		11,531
Bank AlBilad		538		6,398
Bank Rakyat Indonesia Persero Tbk. PT		89,400		32,293
Banque Saudi Fransi		46		491
China Construction Bank Corp., Class H		69,000		40,956
CIMB Group Holdings Bhd.		16,800		22,128
Commercial International Bank - Egypt (CIB)		8,800		25,090
E.Sun Financial Holding Co. Ltd.		46,000		36,374
Eurobank Ergasias Services and Holdings SA*		8,970		17,412
First Abu Dhabi Bank PJSC		9,450		37,667
First Financial Holding Co. Ltd.		20,844		17,714
Grupo Financiero Banorte SAB de CV, Class O		1,680		17,123
Hana Financial Group, Inc.		996		35,671
Hong Leong Bank Bhd.		1,800		7,307
Industrial & Commercial Bank of China Ltd., Class H		72,000		35,184
ING Bank Slaski SA*		114		7,212
Itau Unibanco Holding SA (Preference)		1,788		11,862


Investments	Shares		Value ($)
KB Financial Group, Inc.		956		40,542
Malayan Banking Bhd.		18,400		36,022
Mega Financial Holding Co. Ltd.		35,880		43,160
Nedbank Group Ltd.		1,454		17,004
OTP Bank Nyrt.		770		35,855
Santander Bank Polska SA		118		14,427
Shinhan Financial Group Co. Ltd.		1,430		43,768
SinoPac Financial Holdings Co. Ltd.		6,334		3,885
Standard Bank Group Ltd.		3,724		39,994
Taishin Financial Holding Co. Ltd.		14,086		7,718
Yapi ve Kredi Bankasi A/S		11,420		8,219
Yes Bank Ltd.*		43,810		12,714

				806,204

Beverages - 1.2%
Ambev SA		5,400		14,295
China Resources Beer Holdings Co. Ltd., ADR		362		2,610
Coca-Cola Femsa SAB de CV		1,800		17,173
Tsingtao Brewery Co. Ltd., ADR		220		6,184
United Spirits Ltd.		746		9,789
Varun Beverages Ltd.		228		3,515

				53,566

Biotechnology - 0.3%
BeiGene Ltd.*		400		4,634
Biocon Ltd.		1,324		4,279
Innovent Biologics, Inc.*(a)		1,500		6,044

				14,957

Broadline Retail - 6.3%
Alibaba Group Holding Ltd., ADR		2,120		153,000
JD.com, Inc., ADR		70		1,578
Naspers Ltd., Class N		170		28,676
PDD Holdings, Inc., ADR*		188		23,852
Prosus NV		1,402		41,926
Vipshop Holdings Ltd., ADR*		1,180		18,750
Woolworths Holdings Ltd.		3,136		11,697

				279,479

Capital Markets - 0.4%
B3 SA - Brasil Bolsa Balcao		2,000		5,298
Mirae Asset Securities Co. Ltd.*		944		5,567
NH Investment & Securities Co. Ltd.*		86		682
Saudi Tadawul Group Holding Co.		128		7,072

				18,619

Chemicals - 2.3%
Asian Paints Ltd.		1,156		41,174
Hanwha Solutions Corp.*		354		8,846
Indorama Ventures PCL, NVDR		5,800		3,858
LG Chem Ltd.		34		11,069
Orbia Advance Corp. SAB de CV		2,980		5,955
PI Industries Ltd.		118		4,792
PTT Global Chemical PCL, NVDR		2,200		2,077
SK IE Technology Co. Ltd.*(a)		88		4,892
UPL Ltd.		1,686		10,917


Investments	Shares		Value ($)
Yanbu National Petrochemical Co.		836		8,561

				102,141

Communications Equipment - 0.1%
ZTE Corp., Class H		2,400		4,169

Construction & Engineering - 0.3%
Hyundai Engineering & Construction Co. Ltd.*		276		7,165
Samsung Engineering Co. Ltd.*		454		7,586

				14,751

Construction Materials - 0.9%
ACC Ltd.		168		5,147
Ambuja Cements Ltd.		1,776		11,983
Siam Cement PCL (The), NVDR		2,600		19,787
UltraTech Cement Ltd.		40		4,897

				41,814

Consumer Finance - 0.0%(b)
Bajaj Finance Ltd.		12		992

Consumer Staples Distribution & Retail - 2.2%
Alibaba Health Information Technology Ltd.*		8,000		2,927
CP ALL PCL, NVDR		19,800		29,161
Raia Drogasil SA		308		1,577
Shoprite Holdings Ltd.		1,150		16,787
Wal-Mart de Mexico SAB de CV		11,400		47,198

				97,650

Containers & Packaging - 0.5%
Klabin SA		2,400		10,341
Klabin SA (Preference)		6,996		6,046
SCG Packaging PCL, NVDR		4,200		3,729

				20,116

Diversified Consumer Services - 0.3%
New Oriental Education & Technology Group, Inc., ADR*		158		12,112

Diversified REITs - 0.1%
Fibra Uno Administracion SA de CV, REIT		3,000		5,111

Diversified Telecommunication Services - 2.0%
Chunghwa Telecom Co. Ltd.		10,722		40,765
Emirates Telecommunications Group Co. PJSC		518		2,705
Hellenic Telecommunications Organization SA		622		8,682
Saudi Telecom Co.		2,140		23,283
Telefonica Brasil SA		1,400		14,552

				89,987

Electric Utilities - 1.0%
Centrais Eletricas Brasileiras SA		1,400		11,563
Centrais Eletricas Brasileiras SA (Preference), Class B		800		7,422
CEZ A/S		76		2,886
Cia Energetica de Minas Gerais		800		2,428
Cia Energetica de Minas Gerais (Preference)		4,600		10,725


Investments	Shares		Value ($)
Companhia Paranaense de Energia (Preference)		4,400		9,021

				44,045

Electrical Equipment - 1.1%
ABB India Ltd.		182		10,238
CG Power & Industrial Solutions Ltd.		2,020		11,397
Havells India Ltd.		834		13,000
Polycab India Ltd.		140		7,322
Sociedad Quimica y Minera de Chile SA (Preference), Class B		116		5,016

				46,973

Electronic Equipment, Instruments & Components - 2.2%
AUO Corp.		21,406		12,584
Delta Electronics Thailand PCL, NVDR		7,400		16,426
Delta Electronics, Inc.		576		5,153
Hon Hai Precision Industry Co. Ltd.		11,110		36,383
Samsung Electro-Mechanics Co. Ltd.		192		20,082
Samsung SDI Co. Ltd.		18		5,024

				95,652

Energy Equipment & Services - 0.1%
Dialog Group Bhd.		10,600		4,101

Entertainment - 1.8%
Kingsoft Corp. Ltd.		3,200		7,753
NetEase, Inc., ADR		740		72,254

				80,007

Financial Services - 1.3%
FirstRand Ltd.		7,192		26,264
Yuanta Financial Holding Co. Ltd.		34,130		29,496

				55,760

Food Products - 0.8%
Charoen Pokphand Foods PCL, NVDR		6,200		3,250
CJ CheilJedang Corp.		28		6,126
Grupo Bimbo SAB de CV, Class A, Series A		1,000		4,572
IOI Corp. Bhd.		8,600		7,255
Marico Ltd.		1,716		10,907
Nestle Malaysia Bhd.		200		5,053

				37,163

Gas Utilities - 0.6%
China Resources Gas Group Ltd.		1,800		5,089
ENN Energy Holdings Ltd.		2,700		19,963

				25,052

Ground Transportation - 0.7%
BTS Group Holdings PCL, NVDR		25,000		4,228
Full Truck Alliance Co. Ltd., ADR*		1,042		6,544
Rumo SA		4,400		20,535

				31,307

Health Care Providers & Services - 0.2%
Dr Sulaiman Al Habib Medical Services Group Co.		64		4,949


Investments	Shares		Value ($)
Sinopharm Group Co. Ltd., Class H		1,600		4,206

				9,155

Hotels, Restaurants & Leisure - 2.0%
Meituan, Class B*(a)		5,600		44,808
Trip.com Group Ltd.*		500		17,935
Yum China Holdings, Inc.		764		26,427

				89,170

Household Durables - 0.6%
Arcelik A/S		292		1,363
LG Electronics, Inc.		344		24,099

				25,462

Household Products - 0.1%
Unilever Indonesia Tbk. PT		26,800		5,265

Independent Power and Renewable Electricity Producers - 0.9%
Adani Green Energy Ltd.*		1,098		22,073
China Longyuan Power Group Corp. Ltd., Class H		10,000		5,999
Energy Absolute PCL, NVDR		6,000		6,723
Engie Brasil Energia SA		600		4,928

				39,723

Industrial Conglomerates - 2.6%
Alpha Dhabi Holding PJSC*		862		4,168
Astra International Tbk. PT		12,200		3,962
International Holding Co. PJSC*		202		21,982
Multiply Group PJSC*		13,290		10,457
Mytilineos SA		356		14,695
Samsung C&T Corp.		222		22,954
Siemens Ltd.		306		15,257
SK Square Co. Ltd.*		330		12,833
Turkiye Sise ve Cam Fabrikalari A/S		4,658		7,568

				113,876

Insurance - 3.2%
Cathay Financial Holding Co. Ltd.		30,542		43,081
Fubon Financial Holding Co. Ltd.		22,374		46,107
ICICI Prudential Life Insurance Co. Ltd.(a)		500		3,030
Ping An Insurance Group Co. of China Ltd., Class H		11,000		46,014
Powszechny Zaklad Ubezpieczen SA		230		2,792
Samsung Life Insurance Co. Ltd.		42		2,181

				143,205

Interactive Media & Services - 3.3%
Autohome, Inc., ADR		260		6,552
Info Edge India Ltd.		248		15,026
Kakao Corp.*		1,058		41,618
Kanzhun Ltd., ADR		624		8,680
Kuaishou Technology*(a)		6,000		30,010
NAVER Corp.		294		44,167

				146,053

IT Services - 3.4%
Arabian Internet & Communications Services Co.		80		6,997
HCL Technologies Ltd.		332		6,301
Infosys Ltd.		4,130		82,601


Investments	Shares		Value ($)
Tech Mahindra Ltd.		1,812		29,100
Wipro Ltd.		4,342		25,000

				149,999

Life Sciences Tools & Services - 0.8%
Divi’s Laboratories Ltd.		240		10,608
WuXi AppTec Co. Ltd., Class H(a)		1,200		8,289
Wuxi Biologics Cayman, Inc.*(a)		6,000		15,735

				34,632

Machinery - 0.6%
Cummins India Ltd.		476		13,148
Haitian International Holdings Ltd.		2,000		4,457
Weichai Power Co. Ltd., Class H		2,000		3,531
Zhuzhou CRRC Times Electric Co. Ltd., Class H		1,800		4,416

				25,552

Marine Transportation - 0.2%
MISC Bhd.		4,600		7,148

Media - 0.1%
Grupo Televisa SAB, Series CPO		9,400		5,681

Metals & Mining - 2.9%
Anglo American Platinum Ltd.		210		8,999
Gold Fields Ltd.		2,930		43,762
Grupo Mexico SAB de CV, Series B		4,000		20,683
Hindalco Industries Ltd.		4,114		28,701
JSW Steel Ltd.		2,064		20,347
Sibanye Stillwater Ltd.		5,220		6,422

				128,914

Multi-Utilities - 0.0%(b)
Dubai Electricity & Water Authority PJSC		2,346		1,603

Oil, Gas & Consumable Fuels - 4.3%
Bharat Petroleum Corp. Ltd.		2,348		14,203
Cosan SA		4,000		14,790
COSCO SHIPPING Energy Transportation Co. Ltd., Class H		4,000		3,720
Empresas Copec SA		1,368		8,676
ORLEN SA		1,912		30,078
Petroleo Brasileiro SA		200		1,706
Petroleo Brasileiro SA (Preference)		600		4,912
Petronas Dagangan Bhd.		1,000		4,512
PTT Exploration & Production PCL, NVDR		3,600		15,221
PTT PCL, NVDR		25,400		24,163
Reliance Industries Ltd.		962		33,053
SK Innovation Co. Ltd.*		192		16,846
Thai Oil PCL, NVDR		3,600		5,556
Ultrapar Participacoes SA		2,400		13,683

				191,119

Paper & Forest Products - 0.6%
Empresas CMPC SA		3,974		6,460
Suzano SA		2,000		20,894

				27,354


Investments	Shares		Value ($)
Passenger Airlines - 0.2%
Korean Air Lines Co. Ltd.*		400		6,743

Personal Care Products - 1.4%
Colgate-Palmolive India Ltd.		402		12,437
Giant Biogene Holding Co. Ltd.*(a)		400		1,619
Hindustan Unilever Ltd.		1,676		50,083

				64,139

Pharmaceuticals - 2.1%
Aspen Pharmacare Holdings Ltd.		326		3,402
China Medical System Holdings Ltd.		4,000		5,731
Cipla Ltd.		410		6,670
Dr Reddy’s Laboratories Ltd.		364		26,830
Richter Gedeon Nyrt.		386		10,473
Sun Pharmaceutical Industries Ltd.		2,322		39,662

				92,768

Real Estate Management & Development - 1.3%
Central Pattana PCL, NVDR		7,000		12,776
Country Garden Services Holdings Co. Ltd.		8,000		5,260
DLF Ltd.		2,130		20,586
Longfor Group Holdings Ltd.(a)		3,703		4,078
Macrotech Developers Ltd.(a)		234		3,015
NEPI Rockcastle NV		1,558		10,562

				56,277

Semiconductors & Semiconductor Equipment - 10.6%
Daqo New Energy Corp., ADR*		200		3,610
Flat Glass Group Co. Ltd., Class H		2,000		3,014
GCL Technology Holdings Ltd.		68,000		7,829
Hua Hong Semiconductor Ltd.*(a)		1,000		1,817
SK Hynix, Inc.		530		53,490
Taiwan Semiconductor Manufacturing Co. Ltd.		18,360		368,379
United Microelectronics Corp.		17,000		26,614
Xinyi Solar Holdings Ltd.		16,000		7,327

				472,080

Specialty Retail - 0.5%
Chow Tai Fook Jewellery Group Ltd.		6,800		9,186
Lojas Renner SA		3,400		11,044

				20,230

Technology Hardware, Storage & Peripherals - 5.3%
Asustek Computer, Inc.		2,362		33,619
Compal Electronics, Inc.		14,652		16,782
Lenovo Group Ltd.		24,000		25,083
Micro-Star International Co. Ltd.		544		3,163
Samsung Electronics Co. Ltd.		2,378		129,533
Wistron Corp.		7,546		27,605

				235,785

Textiles, Apparel & Luxury Goods - 0.4%
Feng TAY Enterprise Co. Ltd.		1,702		8,809
Li Ning Co. Ltd.		4,000		8,494

				17,303

Transportation Infrastructure - 1.6%
Abu Dhabi Ports Co. PJSC*		3,350		5,664


Investments	Shares		Value ($)
Adani Ports & Special Economic Zone Ltd.		1,866		27,136
CCR SA		3,400		9,028
International Container Terminal Services, Inc.		3,280		14,158
Jiangsu Expressway Co. Ltd., Class H		4,000		3,817
Salik Co. PJSC		5,562		5,255
Taiwan High Speed Rail Corp.		5,090		4,806

				69,864

Wireless Telecommunication Services - 2.7%
Bharti Airtel Ltd.		4,442		62,621
Etihad Etisalat Co.		1,120		15,560
Mobile Telecommunications Co. KSCP		6,340		10,841
Taiwan Mobile Co. Ltd.		5,728		17,935
TIM SA		2,800		9,826
Vodacom Group Ltd.		388		1,948

				118,731

TOTAL COMMON STOCKS (COST $4,694,767)				4,396,800

Total Investments - 99.2% (Cost $4,694,767)				4,396,800
Other assets less liabilities - 0.8%				36,751

Net Assets - 100.0%				4,433,551

*	Non-income producing security.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)	Represents less than 0.05% of net assets.

Percentages shown are based on Net Assets.


Abbreviations

ADR		American Depositary Receipt

NVDR		Non-Voting Depositary Receipt

PJSC		Public Joint Stock Company

Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

REIT		Real Estate Investment Trust

FlexShares^® ESG & Climate Emerging Markets Core Index Fund had the following open futures contract as of January 31, 2024:

FlexShares^® ESG & Climate Emerging Markets Core Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® ESG & Climate Emerging Markets Core Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.3%

Building Products - 0.5%
Simpson Manufacturing Co., Inc.(a)		99,060		17,928,869
UFP Industries, Inc.		148,590		16,857,536

				34,786,405

Chemicals - 17.0%
CF Industries Holdings, Inc.		1,271,270		95,993,598
Corteva, Inc.		5,101,590		232,020,313
FMC Corp.(a)		858,520		48,248,824
Hektas Ticaret TAS*		29,519,880		17,336,022
ICL Group Ltd.		8,152,638		37,560,672
K+S AG (Registered)		1,944,878		27,601,429
Mosaic Co. (The)(a)		2,360,930		72,504,160
Nutrien Ltd.(a)		5,405,374		271,229,575
PhosAgro PJSC‡		308,581		—
PI Industries Ltd.		904,748		36,744,467
Qinghai Salt Lake Industry Co. Ltd., Class A*		4,622,800		9,233,302
SABIC Agri-Nutrients Co.		2,697,734		92,224,074
Scotts Miracle-Gro Co. (The)(a)		260,858		14,675,871
Taiwan Fertilizer Co. Ltd.		8,921,000		19,381,396
UPL Ltd.		6,006,338		38,890,440
Yara International ASA		1,918,462		64,104,070
Zangge Mining Co. Ltd., Class A		1,320,800		4,556,862

				1,082,305,075

Food Products - 11.3%
Archer-Daniels-Midland Co.		3,787,394		210,503,358
Bakkafrost P/F		567,944		32,045,499
Bunge Global SA(a)		1,079,754		95,115,530
Charoen Pokphand Foods PCL, NVDR		36,652,200		19,215,867
Charoen Pokphand Indonesia Tbk. PT		85,191,600		24,186,208
Kuala Lumpur Kepong Bhd.		6,604,000		31,023,442
Mowi ASA		5,263,388		95,536,890
Muyuan Foods Co. Ltd., Class A		4,622,808		22,696,963
New Hope Liuhe Co. Ltd., Class A*		3,962,400		4,509,030
PPB Group Bhd.		8,255,000		25,236,216
QL Resources Bhd.		13,208,000		16,279,628
Salmar ASA		792,480		44,320,554
Tyson Foods, Inc., Class A		1,776,476		97,279,826

				717,949,011

Metals & Mining - 29.3%
Agnico Eagle Mines Ltd.(a)		1,386,203		68,560,529
Anglo American plc		3,344,926		80,787,499
Barrick Gold Corp.(a)		4,844,034		76,138,403
BHP Group Ltd.		10,315,448		322,335,403
Boliden AB		706,628		18,940,572
First Quantum Minerals Ltd.(a)		1,637,792		14,955,325
Fortescue Ltd.		4,361,942		86,157,838
Franco-Nevada Corp.(a)		550,086		59,889,607
Freeport-McMoRan, Inc.(a)		3,166,618		125,683,068


Investments	Shares		Value ($)
Glencore plc		25,157,938		134,701,149
Gold Fields Ltd.		2,529,332		37,777,976
Grupo Mexico SAB de CV, Series B		8,585,200		44,391,815
Hindalco Industries Ltd.		4,041,648		28,196,327
Kinross Gold Corp.		3,364,738		18,661,509
Mineral Resources Ltd.(a)		485,394		19,236,139
MMC Norilsk Nickel PJSC‡		1,277,631		—
Newmont Corp.		2,423,668		83,640,783
Norsk Hydro ASA		3,615,690		21,417,654
Northern Star Resources Ltd.		3,222,752		28,014,763
Pilbara Minerals Ltd.(a)		8,370,570		19,643,447
Rio Tinto plc(a)		2,892,552		202,704,126
Royal Gold, Inc.(a)		141,986		16,241,778
Saudi Arabian Mining Co.*		3,341,624		41,345,925
South32 Ltd.(a)		12,313,158		27,267,704
Southern Copper Corp.(a)		184,912		15,181,275
Sumitomo Metal Mining Co. Ltd.		733,600		20,581,451
Teck Resources Ltd., Class B(a)		1,294,384		52,131,884
Vale SA		10,064,800		138,024,093
Wheaton Precious Metals Corp.(a)		1,264,666		59,643,430
Zijin Mining Group Co. Ltd., Class A		4,292,600		7,198,627

				1,869,450,099

Oil, Gas & Consumable Fuels - 31.6%
APA Corp.(a)		254,254		7,965,778
BP plc		20,512,024		120,796,736
Cameco Corp.(a)		1,211,834		58,222,091
Canadian Natural Resources Ltd.(a)		1,373,632		88,460,235
Cenovus Energy, Inc.(a)		1,651,000		26,914,247
Chevron Corp.(a)		1,400,048		206,409,077
China Petroleum & Chemical Corp., Class H		29,324,000		15,229,837
ConocoPhillips		974,090		108,971,448
Coterra Energy, Inc.		620,776		15,444,907
Devon Energy Corp.		521,716		21,922,506
Diamondback Energy, Inc.		141,986		21,828,928
Eni SpA(a)		2,661,412		42,826,664
EOG Resources, Inc.		468,884		53,354,310
EQT Corp.(a)		326,898		11,572,189
Equinor ASA		1,228,344		35,552,504
Exxon Mobil Corp.(a)		3,235,960		332,689,048
Gazprom PJSC*‡		15,937,700		—
Hess Corp.(a)		224,536		31,554,044
Inpex Corp.		1,108,900		15,513,600
LUKOIL PJSC‡		483,340		—
Marathon Oil Corp.		495,300		11,317,605
Novatek PJSC‡		1,237,715		—
Occidental Petroleum Corp.(a)		544,830		31,365,863
PetroChina Co. Ltd., Class H		26,416,000		19,092,443
Petroleo Brasileiro SA (Preference)		5,943,600		48,656,902
Pioneer Natural Resources Co.		191,516		44,016,122
Repsol SA(a)		1,482,598		22,127,886
Rosneft Oil Co. PJSC‡		2,926,433		—
Santos Ltd.		3,817,112		19,807,920
Saudi Arabian Oil Co.(b)		5,306,314		43,298,368


Investments	Shares		Value ($)
Shell plc		8,225,282		256,310,659
Suncor Energy, Inc.		1,641,094		54,684,708
Tatneft PJSC‡		2,021,036		—
TotalEnergies SE		2,823,210		184,309,385
Tourmaline Oil Corp.(a)		409,448		17,814,612
Woodside Energy Group Ltd.		2,407,159		51,572,485

				2,019,603,107

Paper & Forest Products - 3.3%
Canfor Corp.*(a)		188,214		2,293,420
Dexco SA*		1,320,800		2,068,971
Dongwha Enterprise Co. Ltd.*		23,114		1,078,936
Mondi plc		1,497,916		26,972,352
Stella-Jones, Inc.		171,704		10,222,175
Stora Enso OYJ, Class R		2,152,904		27,630,464
Suzano SA		2,641,600		27,596,971
Svenska Cellulosa AB SCA, Class B(a)		2,090,166		28,735,775
UPM-Kymmene OYJ		1,915,160		70,045,134
West Fraser Timber Co. Ltd.		181,610		14,532,334

				211,176,532

Semiconductors & Semiconductor Equipment - 0.2%
Tongwei Co. Ltd., Class A		3,962,406		12,859,310

Specialized REITs - 1.2%
PotlatchDeltic Corp., REIT		201,422		9,009,606
Rayonier, Inc., REIT(a)		333,502		10,105,111
Weyerhaeuser Co., REIT		1,726,946		56,592,020

				75,706,737

Water Utilities - 4.9%
AlKhorayef Water & Power Technologies Co.*		59,436		3,407,573
American States Water Co.		128,778		9,606,839
American Water Works Co., Inc.		706,628		87,636,005
Beijing Enterprises Water Group Ltd.(a)		26,416,000		6,420,468
California Water Service Group(a)		191,516		8,669,929
Chengdu Xingrong Environment Co. Ltd., Class A		1,320,800		1,072,527
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		1,882,233		30,040,455
Cia de Saneamento de Minas Gerais Copasa MG		990,600		4,284,293
Cia De Sanena Do Parana*		1,320,800		7,506,034
Essential Utilities, Inc.(a)		894,842		32,089,034
Grandblue Environment Co. Ltd., Class A		330,200		705,973
Guangdong Investment Ltd.(a)		16,685,941		9,690,642
Pennon Group plc(a)		1,400,048		12,587,211
Severn Trent plc(a)		1,469,390		48,613,639
United Utilities Group plc(a)		3,850,132		52,289,969

				314,620,591

TOTAL COMMON STOCKS (COST $6,105,489,167)				6,338,456,867


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 4.6%(c)

CERTIFICATES OF DEPOSIT - 0.8%
Bank of Montreal, London 5.57%, 3/12/2024		3,000,000		3,000,000
Credit Agricole CIB, New York 5.60%, 2/8/2024		4,000,000		4,000,000
DZ Bank AG, New York
(SOFR + 0.35%), 5.66%, 5/3/2024(d)		5,000,000		5,002,295
Mizuho Bank Ltd., New York
(SOFR + 0.40%), 5.71%, 3/12/2024(d)		4,000,000		4,000,000
National Westminster Bank PLC 5.88%, 5/2/2024		4,000,000		4,005,360
Nordea Bank Abp, New York Branch
(SOFR + 0.47%), 5.78%, 4/26/2024(d)		4,000,000		4,003,972
Oversea-Chinese Banking Corp. Ltd., New York
(SOFR + 0.28%), 5.59%, 3/18/2024(d)		2,000,000		2,000,000
Royal Bank of Canada, New York
(SOFR + 0.53%), 5.84%, 5/23/2024(d)		4,000,000		4,004,496
Sumitomo Mitsui Trust Bank Ltd., New York
(SOFR + 0.23%), 5.54%, 7/16/2024(d)		3,000,000		3,001,668
Svenska Handelsbanken, New York 5.80%, 4/4/2024		3,000,000		3,001,773
(SOFR + 0.33%), 5.64%, 4/4/2024(d)		3,000,000		3,001,002
The Sumitomo Bank Ltd., New York
(SOFR + 0.23%), 5.54%, 7/11/2024(d)		5,000,000		5,001,840
Toronto-Dominion Bank, New York
(SOFR + 0.52%), 5.68%, 2/28/2024(d)		2,000,000		2,000,217
(US Federal Funds Effective Rate (continuous series) + 0.61%), 5.94%, 7/26/2024(d)		4,000,000		4,008,064

TOTAL CERTIFICATES OF DEPOSIT (Cost $50,000,217)				50,030,687

COMMERCIAL PAPER - 0.1%
Bank of Montreal, Montreal
(SOFR + 0.35%), 5.66%, 5/9/2024(d)		3,000,000		3,001,791
Skandanaviska Enskilda Banken 5.60%, 2/6/2024		3,000,000		2,997,700

TOTAL COMMERCIAL PAPER (Cost $5,997,700)				5,999,491

INVESTMENT COMPANIES - 0.5%
BlackRock Liquidity FedFund, Institutional Shares 5.32%, 2/1/2024		3,465,716		3,465,716


Investments	Principal Amount ($)		Value ($)
Dreyfus Treasury Obligations Cash Management Fund 5.35%, 2/1/2024		1,000,000		1,000,000
Fidelity Government Portfolio, Institutional Class 5.31%, 2/1/2024		5,000,000		5,000,000
Goldman Sachs Financial Square Government Fund, Institutional Class 5.32%, 2/1/2024		8,000,000		8,000,000
Invesco Government & Agency Portfolio, Institutional Shares 5.31%, 2/1/2024		4,270,884		4,270,884
RBC BlueBay U.S. Government Money Market Fund 5.35%, 2/1/2024		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund 5.35%, 2/1/2024		10,000,000		10,000,000

TOTAL INVESTMENT COMPANIES (Cost $32,736,600)				32,736,600

REPURCHASE AGREEMENTS - 3.2%
BofA Securities, Inc., 5.76%, dated 1/31/2024, due 5/2/2024, repurchase price $8,117,760, collateralized by various Common Stocks; total market value $3,551,526		8,000,000		8,000,000
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $106,067,169, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 2/1/2024 - 8/15/2053; total market value $707,006,657		106,051,526		106,051,526
MetLife, Inc., 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $50,007,375, collateralized by various U.S. Treasury Securities, 0.00%, maturing 5/15/2042 - 11/15/2050; total market value $51,089,556		50,000,000		50,000,000
Societe Generale, 5.34%, dated 1/31/2024, due 2/1/2024, repurchase price $10,001,483, collateralized by various U.S. Treasury Securities, ranging from 2.25% - 4.75%, maturing 6/30/2024 - 2/15/2053; total market value $10,213,276		10,000,000		10,000,000


Investments	Principal Amount ($)		Value ($)
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $28,227,905, collateralized by various Common Stocks; total market value $30,617,531		28,223,664		28,223,664

TOTAL REPURCHASE AGREEMENTS (Cost $202,275,190)				202,275,190

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $291,009,707)				291,041,968

Total Investments - 103.9% (Cost $6,396,498,874)				6,629,498,835
Liabilities in excess of other assets - (3.9%)				(248,514,444	)

Net Assets - 100.0%				6,380,984,391

* Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $388,908,525, collateralized in the form of cash with a value of $290,971,129 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $99,304,529 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 6, 2024 – November 15, 2053 and $18,449,891 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.75%, and maturity dates ranging from March 25, 2025 – October 22, 2073; a total value of $408,725,549.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $291,041,968.

(d)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.

Percentages shown are based on Net Assets.


Abbreviations

NVDR		Non-Voting Depositary Receipt
OYJ		Public Limited Company
PJSC		Public Joint Stock Company

FlexShares^® Morningstar Global Upstream Natural Resources Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Morningstar Global Upstream Natural Resources Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Morningstar Global Upstream Natural Resources Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.2%

Air Freight & Logistics - 2.8%
bpost SA(a)		115,787		475,676
CTT-Correios de Portugal SA		161,602		645,988
Deutsche Post AG		1,141,210		55,188,745
International Distributions Services plc*		879,648		3,100,680
Oesterreichische Post AG(a)		40,817		1,389,979
PostNL NV(a)		328,202		480,040

				61,281,108

Commercial Services & Supplies - 4.9%
Befesa SA(b)		38,318		1,364,400
Casella Waste Systems, Inc., Class A*(a)		22,491		1,919,382
China Everbright Environment Group Ltd.		4,998,000		1,739,046
Clean Harbors, Inc.*		19,159		3,217,946
Cleanaway Co. Ltd.		112,000		640,521
Cleanaway Waste Management Ltd.(a)		2,633,113		4,525,610
CoreCivic, Inc.*(a)		48,314		687,025
Daiseki Co. Ltd.(a)		63,460		1,840,742
GEO Group, Inc. (The)*(a)		50,813		565,041
Renewi plc*		91,630		684,948
Republic Services, Inc., Class A		79,968		13,684,124
Stericycle, Inc.*(a)		31,654		1,519,392
Sunny Friend Environmental Technology Co. Ltd.		120,315		418,995
TRE Holdings Corp.		83,300		715,180
Waste Connections, Inc.(a)		319,039		49,838,427
Waste Management, Inc.(a)		142,443		26,441,694

				109,802,473

Diversified Telecommunication Services - 14.8%
AT&T, Inc.		2,738,904		48,451,212
BCE, Inc.(a)		680,561		27,634,021
BT Group plc(a)		4,667,299		6,668,688
Cellnex Telecom SA(b)		356,524		13,856,671
China Tower Corp. Ltd., Class H(b)		31,654,000		3,522,847
Deutsche Telekom AG (Registered)		2,614,787		64,602,906
Frontier Communications Parent, Inc.*(a)		97,461		2,400,464
HKT Trust & HKT Ltd.		2,499,000		3,001,773
Infrastrutture Wireless Italiane SpA(b)		283,220		3,459,499
Iridium Communications, Inc.		39,984		1,449,820
Koninklijke KPN NV		2,585,632		8,841,607
Liberty Global Ltd., Class C*(a)		69,139		1,447,771
Nippon Telegraph & Telephone Corp.		41,983,200		53,507,578
Quebecor, Inc., Class B		121,618		2,975,706
Sarana Menara Nusantara Tbk. PT		16,993,200		958,425
Spark New Zealand Ltd.		1,441,090		4,714,740


Investments	Shares		Value ($)
Swisscom AG (Registered)		19,159		11,528,677
Telecom Italia SpA*(a)		7,989,303		2,420,400
Verizon Communications, Inc.		1,612,688		68,297,337

				329,740,142

Electric Utilities - 13.1%
American Electric Power Co., Inc.		204,918		16,012,293
Constellation Energy Corp.(a)		123,284		15,040,648
Duke Energy Corp.		294,882		28,258,542
Edison International		149,940		10,117,951
Enel SpA		6,063,407		41,764,210
Eversource Energy		137,445		7,452,268
Exelon Corp.(a)		378,182		13,164,515
Iberdrola SA		4,564,007		55,401,768
NextEra Energy, Inc.		791,350		46,396,851
PG&E Corp.		1,007,097		16,989,726
Southern Co. (The)(a)		418,999		29,128,811
Xcel Energy, Inc.		209,083		12,517,799

				292,245,382

Energy Equipment & Services - 0.1%
Secure Energy Services, Inc.		234,073		1,806,289

Gas Utilities - 1.1%
AltaGas Ltd.(a)		224,077		4,687,663
APA Group		951,286		5,338,916
Enagas SA(a)		173,264		2,840,059
Keppel Infrastructure Trust		4,414,900		1,668,369
Petronas Gas Bhd.		416,500		1,562,095
Snam SpA		1,596,028		7,851,861

				23,948,963

Ground Transportation - 18.5%
Aurizon Holdings Ltd.		2,189,124		5,484,586
Canadian National Railway Co.(a)		734,706		91,713,833
Canadian Pacific Kansas City Ltd.		1,153,705		93,371,356
Central Japan Railway Co.		1,276,600		32,252,326
CSX Corp.		773,857		27,626,695
East Japan Railway Co.		468,400		27,048,157
GMexico Transportes SAB de CV(a)(b)		666,400		1,525,594
Keio Corp.		166,600		4,930,471
Keisei Electric Railway Co. Ltd.		210,500		9,645,487
MTR Corp. Ltd.(a)		2,020,500		6,565,058
Norfolk Southern Corp.		86,632		20,379,312
Odakyu Electric Railway Co. Ltd.		461,900		7,142,979
Rumo SA		1,582,700		7,386,424
Tobu Railway Co. Ltd.		249,900		6,699,902
Union Pacific Corp.		234,906		57,300,621
West Japan Railway Co.		297,300		12,508,261

				411,581,062

Health Care Providers & Services - 3.8%
Acadia Healthcare Co., Inc.*(a)		36,652		3,010,595
Apollo Hospitals Enterprise Ltd.		143,276		10,960,792
Bangkok Dusit Medical Services PCL, NVDR		16,160,200		12,526,404
Bumrungrad Hospital PCL, NVDR		833,000		5,635,121
Encompass Health Corp.(a)		39,151		2,781,287
HCA Healthcare, Inc.		76,636		23,366,316


Investments	Shares		Value ($)
IHH Healthcare Bhd.		2,582,300		3,330,239
Life Healthcare Group Holdings Ltd.		1,361,122		1,353,163
Ramsay Health Care Ltd.(a)		234,073		7,927,021
Rede D’Or Sao Luiz SA(b)		1,082,900		5,950,241
Select Medical Holdings Corp.(a)		43,316		1,125,783
Tenet Healthcare Corp.*		39,151		3,239,354
Universal Health Services, Inc., Class B		21,658		3,439,507

				84,645,823

Independent Power and Renewable Electricity Producers - 0.9%
RWE AG		534,786		19,942,685

IT Services - 0.2%
Fastly, Inc., Class A*(a)		48,314		972,078
NEXTDC Ltd.*(a)		381,514		3,535,841

				4,507,919

Media - 4.1%
Charter Communications, Inc., Class A*(a)		38,318		14,204,866
Comcast Corp., Class A		1,541,050		71,720,467
Liberty Broadband Corp., Class C*(a)		45,815		3,594,186
Sirius XM Holdings, Inc.(a)		364,021		1,852,867

				91,372,386

Multi-Utilities - 7.0%
Consolidated Edison, Inc.		134,946		12,266,591
Dominion Energy, Inc.		318,206		14,548,378
Engie SA		1,470,245		23,652,365
National Grid plc		2,877,182		38,654,646
Public Service Enterprise Group, Inc.		194,089		11,255,221
Sempra(a)		239,904		17,167,530
Veolia Environnement SA		837,165		27,526,645
WEC Energy Group, Inc.(a)		119,119		9,620,050

				154,691,426

Oil, Gas & Consumable Fuels - 7.7%
Antero Midstream Corp.(a)		139,111		1,702,719
DT Midstream, Inc.(a)		38,318		2,057,293
Enbridge, Inc.		1,672,664		59,767,957
Equitrans Midstream Corp.		159,103		1,621,259
Keyera Corp.(a)		176,596		4,298,418
Kinder Morgan, Inc.		744,702		12,600,358
Koninklijke Vopak NV		44,149		1,388,351
New Fortress Energy, Inc.(a)		43,316		1,439,391
ONEOK, Inc.		225,743		15,406,960
Pembina Pipeline Corp.		430,661		14,927,518
Targa Resources Corp.		86,632		7,360,255
TC Energy Corp.(a)		808,843		32,110,350
Transneft PJSC (Preference)‡		1,473		—
Williams Cos., Inc. (The)		470,645		16,312,556

				170,993,385

Specialized REITs - 4.9%
American Tower Corp., REIT		179,095		35,039,937
Crown Castle, Inc., REIT(a)		165,767		17,944,278
Digital Realty Trust, Inc., REIT(a)		115,787		16,263,442
Equinix, Inc., REIT		35,819		29,721,532
Keppel DC REIT, REIT		916,300		1,158,788


Investments	Shares		Value ($)
SBA Communications Corp., Class A, REIT(a)		42,483		9,510,244

				109,638,221

Specialty Retail - 0.0%
GCI Liberty, Inc.*‡		36,294		—

Transportation Infrastructure - 6.9%
Adani Ports & Special Economic Zone Ltd.		992,936		14,439,607
Aena SME SA(b)		91,630		16,348,310
Aeroports de Paris SA		28,322		3,827,138
Airports of Thailand PCL, NVDR		5,331,200		8,978,626
Atlas Arteria Ltd.(a)		1,818,439		6,515,269
Auckland International Airport Ltd.		1,629,348		8,459,842
Bangkok Expressway & Metro PCL, NVDR		9,996,000		2,070,907
CCR SA		1,416,100		3,760,141
China Merchants Port Holdings Co. Ltd.		1,666,000		2,062,986
COSCO SHIPPING Ports Ltd.(a)		1,666,000		1,018,706
Flughafen Zurich AG (Registered)		23,324		4,858,657
Gemadept Corp.		333,200		929,004
Getlink SE		392,343		6,818,921
Grupo Aeroportuario del Pacifico SAB de CV, Class B(a)		512,295		7,992,166
Grupo Aeroportuario del Sureste SAB de CV, Class B		199,920		5,840,055
International Container Terminal Services, Inc.		2,165,800		9,348,777
Japan Airport Terminal Co. Ltd.(a)		117,400		4,720,094
Jiangsu Expressway Co. Ltd., Class H		1,666,000		1,589,863
Promotora y Operadora de Infraestructura SAB de CV		233,240		2,299,741
Qube Holdings Ltd.(a)		2,107,490		4,569,553
Santos Brasil Participacoes SA		666,400		1,359,477
Shenzhen International Holdings Ltd.		1,666,000		1,372,483
Transurban Group		3,847,627		34,362,331
Westshore Terminals Investment Corp.(a)		43,316		920,755

				154,463,409

Water Utilities - 2.4%
Aguas Andinas SA, Class A		3,564,407		1,078,472
American States Water Co.(a)		15,827		1,180,694
American Water Works Co., Inc.		73,304		9,091,162
Beijing Enterprises Water Group Ltd.(a)		4,998,000		1,214,775
California Water Service Group(a)		24,990		1,131,297
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		416,500		6,647,344
Cia de Saneamento de Minas Gerais Copasa MG		249,900		1,080,805
Cia De Sanena Do Parana (Preference)*		1,249,500		1,426,237
Essential Utilities, Inc.(a)		90,797		3,255,981
Guangdong Investment Ltd.(a)		3,332,000		1,935,115
Middlesex Water Co.(a)		5,831		326,361
Pennon Group plc		300,713		2,703,578


Investments	Shares		Value ($)
Severn Trent plc		334,033		11,051,225
SJW Group(a)		12,495		743,952
United Utilities Group plc		850,493		11,550,838

				54,417,836

Wireless Telecommunication Services - 6.0%
KDDI Corp.		1,134,000		37,990,067
SoftBank Corp.		2,165,800		29,092,172
SoftBank Group Corp.		782,600		34,585,914
T-Mobile US, Inc.		195,755		31,561,579

				133,229,732

TOTAL COMMON STOCKS (COST $2,099,695,897)				2,208,308,241


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 2.1%(c)

INVESTMENT COMPANIES - 0.2%
Goldman Sachs Financial Square Government Fund, Institutional Class 5.32%, 2/1/2024 (Cost $4,862,589)		4,862,589		4,862,589

REPURCHASE AGREEMENTS - 1.9%
BofA Securities, Inc., 5.76%, dated 1/31/2024, due 5/2/2024, repurchase price $2,029,440, collateralized by various Common Stocks; total market value $887,882		2,000,000		2,000,000
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $19,064,768, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $151,104,321		19,061,957		19,061,957
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $20,002,933, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $20,420,411		20,000,000		20,000,000

TOTAL REPURCHASE AGREEMENTS (Cost $41,061,957)				41,061,957

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $45,924,546)				45,924,546

Total Investments - 101.3% (Cost $2,145,620,443)				2,254,232,787
Liabilities in excess of other assets - (1.3%)				(28,998,399	)

Net Assets - 100.0%				2,225,234,388

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $160,689,484, collateralized in the form of cash with a value of $45,924,546 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $98,792,102 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 6, 2024 – November 15, 2053 and $24,014,356 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.75%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $168,731,003.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $45,924,546.

Percentages shown are based on Net Assets.


Abbreviations

NVDR		Non-Voting Depositary Receipt
PJSC		Public Joint Stock Company
Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
REIT		Real Estate Investment Trust

FlexShares^® STOXX^® Global Broad Infrastructure Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® STOXX^® Global Broad Infrastructure Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® STOXX^® Global Broad Infrastructure Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.4%

Diversified REITs - 5.3%
Broadstone Net Lease, Inc., REIT(a)		82,500		1,325,775
Covivio SA, REIT		21,450		1,052,231
Empire State Realty Trust, Inc., Class A, REIT		84,700		806,344
Essential Properties Realty Trust, Inc., REIT(a)		65,890		1,641,320
GPT Group (The), REIT		873,950		2,692,197
H&R REIT, REIT(a)		92,730		683,650
Land Securities Group plc, REIT		81,840		697,851
Merlin Properties Socimi SA, REIT		146,630		1,513,926
Mori Trust Reit, Inc., REIT		1,430		732,731
NIPPON REIT Investment Corp., REIT		297		693,864
OUE REIT, REIT		341,000		72,724
Stockland, REIT		1,062,930		3,204,083
Tokyu REIT, Inc., REIT(a)		550		647,170

				15,763,866

Health Care REITs - 0.8%
National Health Investors, Inc., REIT(a)		19,800		1,052,964
Welltower, Inc., REIT		14,300		1,237,093

				2,290,057

Hotel & Resort REITs - 4.7%
Apple Hospitality REIT, Inc., REIT(a)		97,460		1,565,208
CDL Hospitality Trusts, REIT		869,000		669,787
Covivio Hotels SACA, REIT(a)		5,500		97,681
DiamondRock Hospitality Co., REIT(a)		97,020		886,763
Far East Hospitality Trust, REIT		1,276,000		620,646
Host Hotels & Resorts, Inc., REIT		320,320		6,156,550
Park Hotels & Resorts, Inc., REIT(a)		96,910		1,461,403
RLJ Lodging Trust, REIT		75,130		870,005
Service Properties Trust, REIT		92,510		715,102
Sunstone Hotel Investors, Inc., REIT		86,240		920,181

				13,963,326

Household Durables - 0.3%
Iida Group Holdings Co. Ltd.(a)		66,000		1,012,745

Industrial REITs - 9.9%
AIMS APAC REIT, REIT		671,000		657,769
CapitaLand Ascendas REIT, REIT		1,595,000		3,485,165
Dream Industrial REIT, REIT(a)		79,310		796,632
First Industrial Realty Trust, Inc., REIT(a)		59,620		3,071,622
Frasers Logistics & Commercial Trust, REIT(b)		1,342,000		1,124,735
Goodman Group, REIT(a)		26,950		456,072


Investments	Shares		Value ($)
Innovative Industrial Properties, Inc., REIT		12,540		1,169,104
LXP Industrial Trust, REIT		121,990		1,108,889
Mapletree Logistics Trust, REIT		1,537,169		1,782,925
Montea NV, REIT		9,240		800,949
Prologis, Inc., REIT		94,160		11,929,131
STAG Industrial, Inc., REIT(a)		81,180		2,998,789

				29,381,782

Office REITs - 2.3%
Equity Commonwealth, REIT		49,170		939,639
Gecina SA, REIT		20,460		2,282,474
Inmobiliaria Colonial Socimi SA, REIT		136,950		832,323
Keppel REIT, REIT		1,155,000		799,473
SL Green Realty Corp., REIT		1		44
Vornado Realty Trust, REIT(a)		72,270		1,965,021

				6,818,974

Real Estate Management & Development - 17.0%
Aeon Mall Co. Ltd.		58,300		729,672
Atrium Ljungberg AB, Class B(a)		37,070		748,407
Bukit Sembawang Estates Ltd.		33,000		81,244
Capitaland India Trust		825,000		648,221
City Developments Ltd.		220,000		1,005,874
CTP NV(b)		51,920		893,346
Daito Trust Construction Co. Ltd.		27,400		3,153,788
DigitalBridge Group, Inc.		72,160		1,417,222
Fabege AB(a)		117,920		1,117,988
Fastighets AB Balder, Class B*(a)		292,600		1,980,618
Grainger plc		317,130		1,062,931
Grand City Properties SA*		51,040		500,089
Heiwa Real Estate Co. Ltd.		26,100		699,928
Hulic Co. Ltd.		176,000		1,972,211
Ichigo, Inc.(a)		275,000		744,997
Intershop Holding AG		990		715,510
LEG Immobilien SE*		33,440		2,813,673
Lifestyle Communities Ltd.(a)		62,810		748,615
Mitsubishi Estate Co. Ltd.		220,000		3,104,156
Mitsui Fudosan Co. Ltd.		143,000		3,647,026
Mobimo Holding AG (Registered)		2,860		851,816
Nexity SA		27,500		462,715
Nomura Real Estate Holdings, Inc.		49,500		1,375,536
Platzer Fastigheter Holding AB, Class B		8,690		71,910
PSP Swiss Property AG (Registered)		20,680		2,779,512
Sirius Real Estate Ltd.(a)		670,560		775,364
St Joe Co. (The)(a)		15,400		850,080
Sumitomo Realty & Development Co. Ltd.		128,200		4,100,997
Sun Hung Kai Properties Ltd.		312,500		2,912,229
Swire Properties Ltd.		528,000		984,776
TAG Immobilien AG*		73,260		1,040,889
Tokyo Tatemono Co. Ltd.		83,100		1,301,005
Tokyu Fudosan Holdings Corp.		275,000		1,868,890
Tricon Residential, Inc.		118,360		1,311,125


Investments	Shares		Value ($)
UOL Group Ltd.		209,000		979,040
Wihlborgs Fastigheter AB		123,310		1,115,266

				50,566,666

Residential REITs - 16.9%
American Homes 4 Rent, Class A, REIT		146,410		5,131,671
Apartment Income REIT Corp., Class A, REIT		66,770		2,182,711
AvalonBay Communities, Inc., REIT		63,910		11,440,529
Boardwalk REIT, REIT(a)		14,960		781,564
Centerspace, REIT(a)		12,650		692,714
Equity Residential, REIT		162,030		9,752,586
Essex Property Trust, Inc., REIT		28,930		6,748,501
InterRent REIT, REIT(a)		66,660		672,063
Killam Apartment REIT, REIT(a)		50,820		712,442
Mid-America Apartment Communities, Inc., REIT		52,360		6,617,257
UDR, Inc., REIT		141,020		5,079,540
Xior Student Housing NV, REIT(b)		20,240		610,103

				50,421,681

Retail REITs - 18.8%
Acadia Realty Trust, REIT		51,590		880,125
Brixmor Property Group, Inc., REIT		136,510		3,063,284
Carmila SA, REIT*		44,990		806,361
Crombie REIT, REIT(a)		57,750		587,420
CT REIT, REIT(a)		58,080		630,771
Eurocommercial Properties NV, REIT		30,736		695,117
Federal Realty Investment Trust, REIT		12,870		1,309,265
Fukuoka REIT Corp., REIT(a)		660		787,440
HMC Capital Ltd., REIT(a)		203,500		828,666
InvenTrust Properties Corp., REIT(a)		32,890		816,659
Kimco Realty Corp., REIT		279,730		5,650,546
Kite Realty Group Trust, REIT		99,330		2,125,662
Klepierre SA, REIT		97,460		2,550,310
NNN REIT, Inc., REIT(a)		82,060		3,310,301
PARAGON REIT, REIT		1,034,000		677,031
Phillips Edison & Co., Inc., REIT		51,920		1,802,143
Regency Centers Corp., REIT		69,630		4,363,712
Retail Estates NV, REIT		9,350		616,496
RioCan REIT, REIT(a)		65,890		902,008
Simon Property Group, Inc., REIT		117,480		16,283,903
SITE Centers Corp., REIT(a)		84,700		1,128,204
SmartCentres REIT, REIT(a)		41,690		769,489
Tanger, Inc., REIT(a)		46,640		1,254,616
Unibail-Rodamco-Westfield, REIT*		32,670		2,376,972
Urban Edge Properties, REIT		52,690		909,956
Waypoint REIT Ltd., REIT		423,390		694,107

				55,820,564

Specialized REITs - 22.4%
American Tower Corp., REIT(a)		41,910		8,199,692
Crown Castle, Inc., REIT		11,660		1,262,195
Digital Realty Trust, Inc., REIT(a)		105,490		14,817,125


Investments	Shares		Value ($)
EPR Properties, REIT		34,210		1,514,477
Equinix, Inc., REIT		6,930		5,750,306
Iron Mountain, Inc., REIT(a)		131,340		8,868,077
Keppel DC REIT, REIT		605,000		765,106
Lamar Advertising Co., Class A, REIT(a)		38,280		4,007,150
National Storage REIT, REIT(a)		555,940		848,935
PotlatchDeltic Corp., REIT		35,310		1,579,416
Public Storage, REIT		22,990		6,510,538
Safestore Holdings plc, REIT		97,570		1,028,794
Shurgard Self Storage Ltd., REIT		16,500		771,949
Weyerhaeuser Co., REIT		329,010		10,781,658

				66,705,418

TOTAL COMMON STOCKS (COST $292,572,732)				292,745,079


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 2.9%(c)

REPURCHASE AGREEMENTS - 2.9%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $510,791, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $4,048,450		510,716		510,716
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $8,001,173, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $8,168,165		8,000,000		8,000,000

				8,510,716

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $8,510,716)				8,510,716

Total Investments - 101.3% (Cost $301,083,448)				301,255,795
Liabilities in excess of other assets - (1.3%)				(3,819,505	)

Net Assets - 100.0%				297,436,290

*	Non-income producing security.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $31,257,988, collateralized in the form of cash with a value of $8,510,716 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $18,087,258 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 6, 2024 – November 15, 2053 and $6,337,056 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $32,935,031.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $8,510,716.

FlexShares^® Global Quality Real Estate Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® Global Quality Real Estate Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® Global Quality Real Estate Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 100.0%(a)

FlexShares^® Global Quality Real Estate Index Fund		53,878		2,899,175
FlexShares^® Morningstar Global Upstream Natural Resources Index Fund		128,810		4,948,880
FlexShares^® STOXX^® Global Broad Infrastructure Index Fund		160,314		8,538,324

TOTAL EXCHANGE TRADED FUNDS (COST $18,698,664)				16,386,379

Total Investments - 100.0% (Cost $18,698,664)				16,386,379
Other assets less liabilities - 0.0%(b)				4,219

Net Assets - 100.0%				16,390,598

(a)	Investment in affiliated Fund. Northern Trust Investments, Inc. is the Investment Adviser to both the Fund and the affiliated Funds.

(b)	Represents less than 0.05% of net assets.

Percentages shown are based on Net Assets.

The underlying index of the FlexShares^® Real Assets Allocation Index Fund is comprised of securities of affiliated FlexShares^® Funds. The Schedules of Investments of the affiliated FlexShares^® Funds are located elsewhere in this Report.

Investment in a company which was affiliated for the period ended January 31, 2024, was as follows:


Investments	Shares		Value ($)
COMMON STOCKS - 99.5%

Aerospace & Defense - 0.6%
Lockheed Martin Corp.		22,011		9,451,744

Air Freight & Logistics - 0.5%
CH Robinson Worldwide, Inc.(a)		99,360		8,355,182

Banks - 2.0%
Bank of America Corp.		9,720		330,577
Commerce Bancshares, Inc.(a)		166,698		8,688,300
Cullen/Frost Bankers, Inc.		58,320		6,188,918
JPMorgan Chase & Co.		56,160		9,792,058
Popular, Inc.(a)		110,160		9,413,172

				34,413,025

Beverages - 2.7%
Coca-Cola Co. (The)		748,440		44,524,696
PepsiCo, Inc.		3,240		546,037

				45,070,733

Biotechnology - 3.3%
AbbVie, Inc.		225,720		37,108,368
Gilead Sciences, Inc.		228,960		17,918,410

				55,026,778

Broadline Retail - 0.7%
Dillard’s, Inc., Class A(a)		7,560		2,927,761
eBay, Inc.		214,920		8,826,765

				11,754,526

Building Products - 1.1%
Advanced Drainage Systems, Inc.(a)		64,800		8,451,216
Fortune Brands Innovations, Inc.		120,960		9,385,286

				17,836,502

Capital Markets - 2.8%
Bank of New York Mellon Corp. (The)(a)		193,320		10,721,527
Jefferies Financial Group, Inc.(a)		196,560		8,011,786
Moelis & Co., Class A(a)		174,960		9,617,551
State Street Corp.		123,120		9,094,874
TPG, Inc., Class A(a)		226,800		9,441,684

				46,887,422

Chemicals - 1.5%
CF Industries Holdings, Inc.		18,360		1,386,364
LyondellBasell Industries NV, Class A		84,240		7,928,669
Mosaic Co. (The)		75,600		2,321,676
Olin Corp.		119,880		6,242,151
Scotts Miracle-Gro Co. (The)(a)		137,160		7,716,622

				25,595,482

Commercial Services & Supplies - 0.3%
Cintas Corp.		8,640		5,223,485


Investments	Shares		Value ($)
Communications Equipment - 2.2%
Cisco Systems, Inc.		739,800		37,123,164

Construction Materials - 0.1%
Eagle Materials, Inc.(a)		5,400		1,221,912

Consumer Finance - 0.8%
Ally Financial, Inc.		194,400		7,130,592
OneMain Holdings, Inc.		140,400		6,683,040

				13,813,632

Consumer Staples Distribution & Retail - 0.1%
Costco Wholesale Corp.		2,393		1,662,848
Walmart, Inc.		3,240		535,410

				2,198,258

Containers & Packaging - 0.5%
Packaging Corp. of America		54,000		8,957,520

Distributors - 0.5%
Pool Corp.(a)		23,760		8,820,900

Diversified Telecommunication Services - 1.8%
AT&T, Inc.		1,265,760		22,391,295
Iridium Communications, Inc.		213,840		7,753,838

				30,145,133

Electric Utilities - 0.8%
Evergy, Inc.(a)		126,360		6,415,297
OGE Energy Corp.(a)		233,280		7,754,227

				14,169,524

Entertainment - 1.1%
Electronic Arts, Inc.		68,040		9,360,943
Warner Music Group Corp., Class A(a)		238,680		8,709,433

				18,070,376

Financial Services - 2.4%
Fidelity National Information Services, Inc.		167,400		10,422,324
Mastercard, Inc., Class A		10,800		4,851,684
Radian Group, Inc.(a)		307,800		8,920,044
Visa, Inc., Class A(a)		27,000		7,378,020
Western Union Co. (The)(a)		673,920		8,471,174

				40,043,246

Gas Utilities - 0.5%
UGI Corp.(a)		348,840		7,723,318

Ground Transportation - 1.5%
Union Pacific Corp.		102,600		25,027,218

Health Care Providers & Services - 0.6%
UnitedHealth Group, Inc.		19,440		9,948,226

Hotel & Resort REITs - 0.9%
Apple Hospitality REIT, Inc., REIT(a)		437,400		7,024,644


Investments	Shares		Value ($)
Host Hotels & Resorts, Inc., REIT(a)		451,440		8,676,677

				15,701,321

Hotels, Restaurants & Leisure - 1.0%
Boyd Gaming Corp.		18,360		1,165,676
Domino’s Pizza, Inc.		2,160		920,635
Marriott International, Inc., Class A(a)		3,240		776,725
Starbucks Corp.		144,720		13,463,302

				16,326,338

Household Durables - 1.1%
PulteGroup, Inc.(a)		95,040		9,937,382
Toll Brothers, Inc.		95,040		9,442,224

				19,379,606

Household Products - 3.9%
Colgate-Palmolive Co.		31,320		2,637,144
Procter & Gamble Co. (The)		344,520		54,137,873
WD-40 Co.(a)		35,640		9,230,047

				66,005,064

Industrial Conglomerates - 0.3%
Honeywell International, Inc.		25,920		5,242,579

Insurance - 4.9%
Aflac, Inc.		116,640		9,837,418
Allstate Corp. (The)		63,720		9,892,530
American Financial Group, Inc.		50,760		6,111,504
First American Financial Corp.(a)		141,480		8,538,318
Lincoln National Corp.		214,920		5,899,554
MetLife, Inc.(a)		128,520		8,909,006
Old Republic International Corp.		281,880		7,903,915
Principal Financial Group, Inc.		89,640		7,090,524
Prudential Financial, Inc.		95,040		9,972,547
Willis Towers Watson plc		35,640		8,778,132

				82,933,448

IT Services - 2.3%
Accenture plc, Class A		105,840		38,513,059

Machinery - 1.6%
Caterpillar, Inc.(a)		10,800		3,243,348
Illinois Tool Works, Inc.(a)		55,080		14,370,372
Snap-on, Inc.(a)		30,240		8,767,483

				26,381,203

Media - 2.5%
Comcast Corp., Class A		312,120		14,526,065
New York Times Co. (The), Class A		181,440		8,810,726
Nexstar Media Group, Inc., Class A(a)		48,600		8,636,706
Omnicom Group, Inc.		27,000		2,440,260
TEGNA, Inc.		494,640		7,711,438

				42,125,195

Metals & Mining - 1.3%
Nucor Corp.(a)		55,080		10,296,104
Reliance Steel & Aluminum Co.(a)		30,240		8,631,101
Steel Dynamics, Inc.(a)		24,840		2,997,940

				21,925,145


Investments	Shares		Value ($)
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
Rithm Capital Corp.(a)		795,960		8,516,772
Starwood Property Trust, Inc.(a)		405,000		8,233,650

				16,750,422

Multi-Utilities - 1.0%
Dominion Energy, Inc.		180,360		8,246,059
Public Service Enterprise Group, Inc.		137,160		7,953,909

				16,199,968

Oil, Gas & Consumable Fuels - 2.6%
Chevron Corp.(a)		10,800		1,592,244
ConocoPhillips		6,480		724,918
Exxon Mobil Corp.		95,040		9,771,062
Marathon Petroleum Corp.		73,440		12,161,664
Peabody Energy Corp.(a)		328,320		8,766,144
Pioneer Natural Resources Co.		10,800		2,482,164
Range Resources Corp.(a)		241,920		7,025,357
Valero Energy Corp.		4,320		600,048

				43,123,601

Pharmaceuticals - 6.2%
Bristol-Myers Squibb Co.		379,080		18,525,640
Eli Lilly & Co.		16,200		10,458,882
Johnson & Johnson		355,039		56,415,697
Merck & Co., Inc.		22,680		2,739,290
Zoetis, Inc.		84,240		15,821,114

				103,960,623

Professional Services - 2.1%
Automatic Data Processing, Inc.		75,600		18,580,968
Paychex, Inc.(a)		78,840		9,597,193
Robert Half, Inc.(a)		99,360		7,903,095

				36,081,256

Residential REITs - 3.0%
Apartment Income REIT Corp., Class A, REIT(a)		250,560		8,190,806
AvalonBay Communities, Inc., REIT		48,600		8,699,886
Camden Property Trust, REIT(a)		92,880		8,715,859
Equity Residential, REIT		155,520		9,360,749
Mid-America Apartment Communities, Inc., REIT		69,120		8,735,386
UDR, Inc., REIT(a)		209,520		7,546,910

				51,249,596

Retail REITs - 0.1%
Brixmor Property Group, Inc., REIT		106,920		2,399,285

Semiconductors & Semiconductor Equipment - 10.1%
Broadcom, Inc.		59,001		69,621,180
KLA Corp.		24,840		14,755,954
Lam Research Corp.		24,703		20,384,174
Microchip Technology, Inc.		106,920		9,107,446
NVIDIA Corp.		74,520		45,849,920
Skyworks Solutions, Inc.		87,480		9,138,161

				168,856,835

Software - 7.7%
Bentley Systems, Inc., Class B(a)		52,920		2,667,168
Intuit, Inc.		50,932		32,154,900


Investments	Shares		Value ($)
Microsoft Corp.		235,440		93,606,235

				128,428,303

Specialized REITs - 1.5%
CubeSmart, REIT		145,800		6,301,476
Public Storage, REIT(a)		35,640		10,092,891
Weyerhaeuser Co., REIT		260,280		8,529,376

				24,923,743

Specialty Retail - 4.0%
Best Buy Co., Inc.(a)		122,040		8,846,680
Home Depot, Inc. (The)		83,160		29,352,153
Lowe’s Cos., Inc.		90,720		19,308,845
Williams-Sonoma, Inc.(a)		46,440		8,981,032

				66,488,710

Technology Hardware, Storage & Peripherals - 8.6%
Apple, Inc.		778,680		143,588,592

Textiles, Apparel & Luxury Goods - 2.0%
NIKE, Inc., Class B		223,560		22,698,047
Tapestry, Inc.(a)		266,760		10,347,620

				33,045,667

Tobacco - 0.8%
Altria Group, Inc.		324,000		12,998,880

Trading Companies & Distributors - 0.6%
Fastenal Co.		149,040		10,168,999

TOTAL COMMON STOCKS (COST $1,346,025,027)				1,669,674,744


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 7.9%(b)

CERTIFICATES OF DEPOSIT - 1.3%
Credit Agricole CIB, New York 5.60%, 2/8/2024		3,000,000		3,000,000
DZ Bank AG, New York (SOFR + 0.35%), 5.66%, 5/3/2024(c)		2,000,000		2,000,918
Mizuho Bank Ltd., New York (SOFR + 0.40%), 5.71%, 3/12/2024(c)		2,000,000		2,000,000
National Westminster Bank PLC 5.88%, 5/2/2024		2,000,000		2,002,680
Nordea Bank Abp, New York Branch (SOFR + 0.47%), 5.78%, 4/26/2024(c)		2,000,000		2,001,986
Oversea-Chinese Banking Corp. Ltd., New York (SOFR + 0.28%), 5.59%, 3/18/2024(c)		2,000,000		2,000,000
Royal Bank of Canada, New York (SOFR + 0.53%), 5.84%, 5/23/2024(c)		2,000,000		2,002,248
Svenska Handelsbanken, New York 5.80%, 4/4/2024		1,000,000		1,000,591
(SOFR + 0.33%), 5.64%, 4/4/2024(c)		1,000,000		1,000,334


Investments	Principal Amount ($)		Value ($)
The Sumitomo Bank Ltd., New York (SOFR + 0.23%), 5.54%, 7/11/2024(c)		2,000,000		2,000,736
Toronto-Dominion Bank, New York (SOFR + 0.52%), 5.68%, 2/28/2024(c)		1,000,000		1,000,109
(US Federal Funds Effective Rate (continuous series) + 0.61%), 5.94%, 7/26/2024(c)		2,000,000		2,004,032

TOTAL CERTIFICATES OF DEPOSIT (Cost $22,000,109)				22,013,634

COMMERCIAL PAPER - 0.4%
Bank of Montreal, Montreal (SOFR + 0.35%), 5.66%, 5/9/2024(c)		3,000,000		3,001,791
Skandanaviska Enskilda Banken 5.60%, 2/6/2024		3,000,000		2,997,700

TOTAL COMMERCIAL PAPER (Cost $5,997,700)				5,999,491

INVESTMENT COMPANIES - 0.8%
BlackRock Liquidity FedFund, Institutional Shares 5.32%, 2/1/2024		1,000,000		1,000,000
Dreyfus Treasury Obligations Cash Management Fund 5.35%, 2/1/2024		5,000,000		5,000,000
Goldman Sachs Financial Square Government Fund, Institutional Class 5.32%, 2/1/2024		2,613,250		2,613,250
Morgan Stanley Institutional Liquidity Fund - Government Portfolio 5.31%, 2/1/2024		1,708,025		1,708,025
RBC BlueBay U.S. Government Money Market Fund 5.35%, 2/1/2024		988,934		988,934
State Street Institutional U.S. Government Money Market Fund 5.35%, 2/1/2024		2,000,000		2,000,000

TOTAL INVESTMENT COMPANIES (Cost $13,310,209)				13,310,209

REPURCHASE AGREEMENTS - 5.4%
BofA Securities, Inc., 5.76%, dated 1/31/2024, due 5/2/2024, repurchase price $8,117,760, collateralized by various Common Stocks; total market value $3,551,526		8,000,000		8,000,000
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $10,222,020, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $81,018,106		10,220,513		10,220,513


Investments	Principal Amount ($)		Value ($)
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $45,006,600, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $45,945,926		45,000,000		45,000,000
MetLife, Inc., 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $7,001,033, collateralized by various U.S. Treasury Securities, 0.00%, maturing 5/15/2042 - 11/15/2050; total market value $7,152,538		7,000,000		7,000,000
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $20,956,770, collateralized by various Common Stocks; total market value $22,730,860		20,953,621		20,953,621

TOTAL REPURCHASE AGREEMENTS (Cost $91,174,134)				91,174,134

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $132,482,152)				132,497,468

Total Investments - 107.4% (Cost $1,478,507,179)				1,802,172,212
Liabilities in excess of other assets - (7.4%)				(124,673,978	)

Net Assets - 100.0%				1,677,498,234

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $173,795,016, collateralized in the form of cash with a value of $132,443,312 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $43,350,489 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053 and $6,196,749 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 4.75%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $181,990,550.

(b)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $132,497,468.

(c)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.

Percentages shown are based on Net Assets.

FlexShares^® Quality Dividend Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 99.4%

Aerospace & Defense - 1.1%
Lockheed Martin Corp.		8,584		3,686,055

Air Freight & Logistics - 1.0%
CH Robinson Worldwide, Inc.(a)		17,632		1,482,675
Expeditors International of Washington, Inc.		14,616		1,846,439

				3,329,114

Banks - 2.8%
Bank of America Corp.		1,624		55,232
Commerce Bancshares, Inc.(a)		34,347		1,790,166
Cullen/Frost Bankers, Inc.		16,936		1,797,248
Glacier Bancorp, Inc.(a)		49,648		1,919,392
JPMorgan Chase & Co.		11,832		2,063,027
Popular, Inc.		23,200		1,982,440

				9,607,505

Beverages - 2.8%
Coca-Cola Co. (The)		156,368		9,302,332
PepsiCo, Inc.		2,552		430,089

				9,732,421

Biotechnology - 5.2%
AbbVie, Inc.		67,048		11,022,691
Amgen, Inc.		11,368		3,572,508
Gilead Sciences, Inc.		47,560		3,722,046

				18,317,245

Broadline Retail - 0.5%
Dillard’s, Inc., Class A(a)		2,320		898,466
eBay, Inc.		23,200		952,824

				1,851,290

Building Products - 0.4%
Masco Corp.		18,560		1,248,902

Capital Markets - 2.0%
Bank of New York Mellon Corp. (The)		40,832		2,264,543
CME Group, Inc.		13,688		2,817,538
Moelis & Co., Class A(a)		36,192		1,989,474

				7,071,555

Chemicals - 0.4%
LyondellBasell Industries NV, Class A		15,544		1,463,001

Commercial Services & Supplies - 0.5%
Rollins, Inc.		38,744		1,678,003

Communications Equipment - 2.2%
Cisco Systems, Inc.		154,976		7,776,696

Consumer Staples Distribution & Retail - 0.2%
Costco Wholesale Corp.		464		322,424


Investments	Shares		Value ($)
Walmart, Inc.		1,392		230,028

				552,452

Containers & Packaging - 0.5%
Packaging Corp. of America		11,136		1,847,240

Diversified Consumer Services - 0.5%
H&R Block, Inc.(a)		37,120		1,738,701

Diversified Telecommunication Services - 2.3%
AT&T, Inc.		273,064		4,830,502
Iridium Communications, Inc.		31,320		1,135,663
Verizon Communications, Inc.(a)		47,792		2,023,992

				7,990,157

Electric Utilities - 2.3%
Constellation Energy Corp.		5,104		622,688
Duke Energy Corp.		11,368		1,089,395
Evergy, Inc.		26,680		1,354,544
Exelon Corp.		43,152		1,502,121
OGE Energy Corp.		48,024		1,596,318
PPL Corp.(a)		67,512		1,768,814

				7,933,880

Entertainment - 0.6%
Electronic Arts, Inc.		14,152		1,947,032

Financial Services - 2.3%
Fidelity National Information Services, Inc.		33,408		2,079,982
Mastercard, Inc., Class A		2,320		1,042,213
Radian Group, Inc.(a)		63,568		1,842,201
Visa, Inc., Class A(a)		5,568		1,521,512
Western Union Co. (The)(a)		135,256		1,700,168

				8,186,076

Food Products - 0.6%
General Mills, Inc.		29,000		1,882,390
Kellanova		1,856		101,635

				1,984,025

Gas Utilities - 0.4%
Spire, Inc.(a)		27,144		1,540,965

Health Care Providers & Services - 4.0%
Cardinal Health, Inc.		17,632		1,925,238
Cencora, Inc.(a)		9,744		2,267,234
Chemed Corp.		3,016		1,787,855
Cigna Group (The)		11,136		3,351,379
McKesson Corp.		5,104		2,551,438
UnitedHealth Group, Inc.		3,944		2,018,303

				13,901,447

Hotels, Restaurants & Leisure - 2.7%
Domino’s Pizza, Inc.		4,408		1,878,778
McDonald’s Corp.		12,296		3,599,285
Starbucks Corp.		43,384		4,036,013

				9,514,076


Investments	Shares		Value ($)
Household Durables - 0.6%
PulteGroup, Inc.(a)		20,184		2,110,439

Household Products - 4.1%
Clorox Co. (The)		2,552		370,678
Kimberly-Clark Corp.		7,424		898,081
Procter & Gamble Co. (The)		70,528		11,082,770
WD-40 Co.(a)		7,424		1,922,668

				14,274,197

Independent Power and Renewable Electricity Producers - 1.0%
Clearway Energy, Inc., Class C(a)		68,208		1,653,362
Vistra Corp.		49,184		2,018,019

				3,671,381

Industrial Conglomerates - 0.3%
Honeywell International, Inc.		4,872		985,411

Insurance - 3.7%
Aflac, Inc.(a)		24,360		2,054,523
Allstate Corp. (The)		13,224		2,053,026
American Financial Group, Inc.		14,384		1,731,834
Loews Corp.		25,984		1,893,194
MetLife, Inc.		26,448		1,833,375
Old Republic International Corp.		60,320		1,691,373
Willis Towers Watson plc		7,424		1,828,531

				13,085,856

IT Services - 1.8%
Accenture plc, Class A		232		84,420
Amdocs Ltd.(a)		19,256		1,765,390
International Business Machines Corp.		24,360		4,473,958

				6,323,768

Machinery - 1.9%
Illinois Tool Works, Inc.(a)		11,368		2,965,911
Mueller Industries, Inc.(a)		39,904		1,915,392
Otis Worldwide Corp.(a)		21,576		1,908,182

				6,789,485

Media - 2.6%
Comcast Corp., Class A		66,120		3,077,225
Fox Corp., Class A(a)		10,208		329,718
New York Times Co. (The), Class A		38,048		1,847,611
Nexstar Media Group, Inc., Class A(a)		9,280		1,649,149
Omnicom Group, Inc.		5,568		503,236
TEGNA, Inc.(a)		102,312		1,595,044

				9,001,983

Metals & Mining - 0.5%
Reliance Steel & Aluminum Co.(a)		6,264		1,787,871

Mortgage Real Estate Investment Trusts (REITs) - 0.7%
Blackstone Mortgage Trust, Inc., Class A(a)		60,320		1,190,717
Starwood Property Trust, Inc.(a)		68,440		1,391,385

				2,582,102

Multi-Utilities - 1.2%
Consolidated Edison, Inc.		20,648		1,876,903
Dominion Energy, Inc.		13,456		615,208


Investments	Shares		Value ($)
Public Service Enterprise Group, Inc.		29,464		1,708,618

				4,200,729

Oil, Gas & Consumable Fuels - 1.5%
Chevron Corp.(a)		2,088		307,834
Chord Energy Corp.(a)		2,320		356,723
Coterra Energy, Inc.		67,048		1,668,154
CVR Energy, Inc.(a)		7,192		242,586
Exxon Mobil Corp.		22,272		2,289,784
Pioneer Natural Resources Co.		1,392		319,924

				5,185,005

Pharmaceuticals - 6.3%
Bristol-Myers Squibb Co.		78,648		3,843,528
Eli Lilly & Co.		7,888		5,092,572
Johnson & Johnson		74,008		11,759,871
Merck & Co., Inc.		5,800		700,524
Zoetis, Inc.		2,552		479,291

				21,875,786

Professional Services - 2.2%
Automatic Data Processing, Inc.		15,776		3,877,425
Paychex, Inc.		16,240		1,976,895
Verisk Analytics, Inc.		7,888		1,905,189

				7,759,509

Residential REITs - 3.3%
American Homes 4 Rent, Class A, REIT		47,792		1,675,109
AvalonBay Communities, Inc., REIT		4,872		872,137
Camden Property Trust, REIT(a)		19,488		1,828,754
Equity Residential, REIT		31,552		1,899,115
Essex Property Trust, Inc., REIT(a)		8,120		1,894,152
Mid-America Apartment Communities, Inc., REIT		14,152		1,788,530
UDR, Inc., REIT		43,848		1,579,405

				11,537,202

Retail REITs - 0.5%
Phillips Edison & Co., Inc., REIT(a)		47,096		1,634,702

Semiconductors & Semiconductor Equipment - 7.8%
Broadcom, Inc.		12,296		14,509,280
KLA Corp.		5,104		3,031,980
NVIDIA Corp.		15,544		9,563,757

				27,105,017

Software - 7.6%
Bentley Systems, Inc., Class B(a)		32,944		1,660,378
Intuit, Inc.		7,656		4,833,462
Microsoft Corp.		50,576		20,108,006

				26,601,846

Specialized REITs - 1.6%
CubeSmart, REIT(a)		35,032		1,514,083
Digital Realty Trust, Inc., REIT(a)		14,384		2,020,377
Public Storage, REIT		7,424		2,102,402

				5,636,862

Specialty Retail - 5.0%
Best Buy Co., Inc.		18,560		1,345,414
Home Depot, Inc. (The)		31,552		11,136,594
Lowe’s Cos., Inc.		7,424		1,580,124


Investments	Shares		Value ($)
Murphy USA, Inc.		4,408		1,553,908
Williams-Sonoma, Inc.(a)		8,584		1,660,060

				17,276,100

Technology Hardware, Storage & Peripherals - 8.0%
Apple, Inc.		140,128		25,839,603
Dell Technologies, Inc., Class C		24,128		1,999,729

				27,839,332

Tobacco - 0.8%
Altria Group, Inc.		67,280		2,699,274

Trading Companies & Distributors - 1.1%
Fastenal Co.		31,320		2,136,964
MSC Industrial Direct Co., Inc., Class A(a)		16,936		1,671,244

				3,808,208

TOTAL COMMON STOCKS (Cost $284,419,107)				346,669,903


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS(b) - 8.3%

INVESTMENT COMPANIES - 0.4%
Dreyfus Treasury Obligations Cash Management Fund 5.35%, 2/1/2024 (Cost $1,485,105)		1,485,105		1,485,105

REPURCHASE AGREEMENTS - 7.9%
BofA Securities, Inc., 5.76%, dated 1/31/2024, due 5/2/2024, repurchase price $1,014,720, collateralized by various Common Stocks; total market value $443,941		1,000,000		1,000,000
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $12,097,710, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $95,884,526		12,095,926		12,095,926
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $5,000,733, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $5,105,103		5,000,000		5,000,000


Investments	Principal Amount ($)		Value ($)
TD Prime Services LLC, 5.41%, dated 1/31/2024, due 2/1/2024, repurchase price $9,387,839, collateralized by various Common Stocks; total market value $10,182,564		9,386,428		9,386,428

TOTAL REPURCHASE AGREEMENTS (Cost $27,482,354)				27,482,354

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $28,967,459)				28,967,459

Total Investments - 107.7% (Cost $313,386,566)				375,637,362
Liabilities in excess of other assets - (7.7%)				(26,852,725	)

Net Assets - 100.0%				348,784,637

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $40,698,319, collateralized in the form of cash with a value of $28,967,459 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $13,023,819 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 13, 2024 – November 15, 2053 and $478,657 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.10% – 4.75%, and maturity dates ranging from March 22, 2024 – October 22, 2071; a total value of $42,469,935.

(b)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $28,967,459.

Percentages shown are based on Net Assets.


Abbreviations

REIT		Real Estate Investment Trust

FlexShares^® Quality Dividend Defensive Index Fund had the following open futures contracts as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.8%

Air Freight & Logistics - 0.1%
SG Holdings Co. Ltd.		39,100		512,105

Automobile Components - 0.2%
Fuyao Glass Industry Group Co. Ltd., Class H(a)		238,800		1,078,338

Automobiles - 2.7%
Dr Ing hc F Porsche AG (Preference)(a)		40,420		3,473,861
Isuzu Motors Ltd.		305,500		4,247,845
Mercedes-Benz Group AG		84,600		5,775,711
Subaru Corp.		31,100		636,361
Yadea Group Holdings Ltd.(a)		470,000		642,118

				14,775,896

Banks - 12.4%
Akbank TAS		250,510		326,429
Banco del Bajio SA(a)		1,128,000		4,300,395
Bank Leumi Le-Israel BM		165,910		1,270,618
Barclays plc		2,450,580		4,631,730
BOC Hong Kong Holdings Ltd.(b)		940,000		2,251,022
China Construction Bank Corp., Class H		10,340,000		6,137,401
China Merchants Bank Co. Ltd., Class H		643,500		2,350,177
FinecoBank Banca Fineco SpA		287,170		4,189,333
First Abu Dhabi Bank PJSC		544,495		2,170,301
HSBC Holdings plc		100,110		788,113
Japan Post Bank Co. Ltd.		23,500		246,857
KBC Group NV		58,280		3,828,786
Mitsubishi UFJ Financial Group, Inc.		258,500		2,466,957
Nordea Bank Abp		347,800		4,316,721
Royal Bank of Canada(b)		146,405		14,378,055
Sberbank of Russia PJSC‡		1,227,390		—
Skandinaviska Enskilda Banken AB, Class A		339,340		4,865,613
Sumitomo Mitsui Financial Group, Inc.		56,900		2,997,298
Swedbank AB, Class A		209,150		4,307,551
Toronto-Dominion Bank (The)		3,290		201,111
Yapi ve Kredi Bankasi A/S		2,794,855		2,011,588

				68,036,056

Beverages - 0.1%
Nongfu Spring Co. Ltd., Class H(a)		75,400		408,480

Broadline Retail - 0.2%
B&M European Value Retail SA		43,240		285,562
Next plc		7,990		861,607

				1,147,169


Investments	Shares		Value ($)
Building Products - 0.5%
Geberit AG (Registered)		4,700		2,740,502

Capital Markets - 5.0%
3i Group plc		140,530		4,436,367
Brookfield Asset Management Ltd., Class A		78,020		3,156,889
China Galaxy Securities Co. Ltd., Class H		6,462,500		3,166,251
Hong Kong Exchanges & Clearing Ltd.		2,700		81,719
Japan Exchange Group, Inc.		104,500		2,347,720
Julius Baer Group Ltd.		39,950		2,202,757
Macquarie Korea Infrastructure Fund		374,120		3,492,702
Moscow Exchange MICEX-RTS PJSC‡		775,590		—
Partners Group Holding AG		3,525		4,819,986
Samsung Securities Co. Ltd.		126,900		3,579,804

				27,284,195

Chemicals - 2.8%
Fertiglobe plc		4,303,085		3,268,655
Nissan Chemical Corp.		10,400		421,336
Nitto Denko Corp.		17,300		1,456,905
Sahara International Petrochemical Co.		155,805		1,308,727
Shin-Etsu Chemical Co. Ltd.		117,500		4,722,507
Tianqi Lithium Corp., Class H(b)		141,000		621,376
Yara International ASA		112,800		3,769,133

				15,568,639

Consumer Staples Distribution & Retail - 0.4%
Coles Group Ltd.		203,980		2,145,320
Kesko OYJ, Class B		4,935		96,921

				2,242,241

Diversified REITs - 0.6%
Stockland, REIT		1,117,190		3,367,644

Diversified Telecommunication Services - 1.7%
Elisa OYJ		7,520		345,123
Koninklijke KPN NV		681,030		2,328,792
Spark New Zealand Ltd.		46,765		152,999
Swisscom AG (Registered)		3,760		2,262,531
Telstra Group Ltd.		1,501,180		4,009,114

				9,098,559

Electric Utilities - 2.1%
Fortum OYJ(b)		281,765		3,883,993
Origin Energy Ltd.		534,625		3,011,086
Power Grid Corp. of India Ltd.		238,525		744,782
Redeia Corp. SA		221,370		3,710,347

				11,350,208

Electrical Equipment - 0.0%(c)
Voltronic Power Technology Corp.		4,839		207,168

Electronic Equipment, Instruments & Components - 0.1%
Largan Precision Co. Ltd.		4,000		318,216


Investments	Shares		Value ($)
Shimadzu Corp.		13,200		371,054

				689,270

Entertainment - 1.2%
Capcom Co. Ltd.		10,400		401,628
Nintendo Co. Ltd.		111,200		6,321,683

				6,723,311

Financial Services - 3.9%
Banca Mediolanum SpA		420,650		4,338,104
FirstRand Ltd.		39,480		144,175
GMO Payment Gateway, Inc.		35,500		2,187,436
ORIX Corp.		181,500		3,561,709
Power Finance Corp. Ltd.		1,030,945		5,502,719
REC Ltd.		958,800		5,761,892

				21,496,035

Food Products - 2.7%
China Feihe Ltd.(a)		3,290,000		1,506,694
Nestle SA (Registered)		85,540		9,827,851
Uni-President China Holdings Ltd.		3,995,000		2,238,396
Want Want China Holdings Ltd.		1,880,000		1,036,528

				14,609,469

Gas Utilities - 0.1%
Kunlun Energy Co. Ltd.		670,000		599,098

Ground Transportation - 0.1%
Canadian National Railway Co.		2,115		264,017

Health Care Equipment & Supplies - 0.3%
Hoya Corp.		13,000		1,684,864

Health Care Providers & Services - 0.0%(c)
Sonic Healthcare Ltd.(b)		7,755		164,149

Hotels, Restaurants & Leisure - 1.2%
InterContinental Hotels Group plc		24,440		2,334,234
OPAP SA		241,345		4,199,819

				6,534,053

Household Durables - 0.6%
Nien Made Enterprise Co. Ltd.		314,710		3,373,383

Household Products - 0.3%
Unilever Indonesia Tbk. PT		9,494,000		1,865,108

Independent Power and Renewable Electricity Producers - 0.0%
Unipro PJSC*‡		125,500,000		—

Industrial Conglomerates - 0.7%
Hitachi Ltd.		28,300		2,260,322
Industries Qatar QSC		420,650		1,386,377
Siemens AG (Registered)		940		170,193

				3,816,892

Insurance - 2.3%
Admiral Group plc		56,635		1,813,864
BB Seguridade Participacoes SA		611,000		4,235,241
Caixa Seguridade Participacoes SA		916,500		2,620,903
Manulife Financial Corp.		149,695		3,329,917
Sampo OYJ, Class A		13,865		584,136

				12,584,061


Investments	Shares		Value ($)
Interactive Media & Services - 0.9%
Rightmove plc		260,145		1,855,840
Tencent Holdings Ltd.		91,100		3,153,495

				5,009,335

IT Services - 1.4%
HCL Technologies Ltd.		167,555		3,179,850
Infosys Ltd.		60,160		1,203,218
Nomura Research Institute Ltd.		70,500		2,186,260
Obic Co. Ltd.		5,200		808,770

				7,378,098

Leisure Products - 0.0%(c)
Shimano, Inc.		600		87,655

Machinery - 1.4%
GEA Group AG		15,275		617,240
Kone OYJ, Class B		59,690		2,978,670
MISUMI Group, Inc.		65,100		1,144,567
VAT Group AG(a)		6,110		2,896,703

				7,637,180

Marine Transportation - 3.8%
AP Moller - Maersk A/S, Class B(b)		1,410		2,614,802
Cia Sud Americana de Vapores SA		17,077,685		1,227,655
COSCO SHIPPING Holdings Co. Ltd., Class H(b)		1,997,500		2,097,857
Evergreen Marine Corp. Taiwan Ltd.		1,081,823		5,201,820
Nippon Yusen KK(b)		61,400		2,141,387
Orient Overseas International Ltd.(b)		200,500		2,985,474
Yang Ming Marine Transport Corp.		2,923,891		4,469,982

				20,738,977

Metals & Mining - 6.3%
BHP Group Ltd.		536,740		16,771,962
Glencore plc		83,660		447,934
Grupo Mexico SAB de CV, Series B		564,000		2,916,296
Kumba Iron Ore Ltd.		124,550		3,703,335
MMC Norilsk Nickel PJSC‡		16,315		—
Norsk Hydro ASA		26,320		155,907
Pilbara Minerals Ltd.(b)		75,200		176,474
Rio Tinto plc		82,955		5,813,317
Severstal PAO*‡		58,985		—
Vedanta Ltd.		1,322,815		4,362,193

				34,347,418

Multi-Utilities - 0.1%
Canadian Utilities Ltd., Class A(b)		12,690		291,023

Oil, Gas & Consumable Fuels - 7.3%
Adaro Energy Indonesia Tbk. PT		23,570,500		3,584,867
Canadian Natural Resources Ltd.		115,620		7,445,788
China Shenhua Energy Co. Ltd., Class H		1,175,000		4,441,619
Coal India Ltd.		357,200		1,746,992
Equinor ASA		108,570		3,142,390
Exxaro Resources Ltd.		371,535		3,740,970
Petroleo Brasileiro SA (Preference)		611,000		5,001,913
Shell plc		67,680		2,108,998


Investments	Shares		Value ($)
TotalEnergies SE		13,865		905,157
Var Energi ASA		1,186,985		3,476,976
Yankuang Energy Group Co. Ltd., Class H(b)		2,230,000		4,575,676

				40,171,346

Passenger Airlines - 0.6%
Singapore Airlines Ltd.		681,500		3,406,608

Personal Care Products - 2.4%
Hengan International Group Co. Ltd.		117,500		363,747
L’Oreal SA		25,615		12,373,463
Unilever plc		7,050		345,377

				13,082,587

Pharmaceuticals - 8.9%
Astellas Pharma, Inc.		23,500		277,322
AstraZeneca plc		16,215		2,168,144
China Medical System Holdings Ltd.		868,000		1,243,609
GSK plc		382,815		7,643,933
Novartis AG (Registered)		104,105		10,849,201
Novo Nordisk A/S, Class B		148,520		16,770,133
Orion OYJ, Class B		2,820		130,861
Roche Holding AG		470		143,435
Roche Holding AG - BR		33,370		9,612,085
Sanofi SA		1,175		119,159

				48,957,882

Professional Services - 2.7%
Bureau Veritas SA		142,175		3,814,609
Randstad NV		66,975		3,838,374
Recruit Holdings Co. Ltd.		44,200		1,792,190
RELX plc		64,860		2,694,281
SGS SA (Registered)		27,025		2,521,514

				14,660,968

Real Estate Management & Development - 1.7%
China Vanke Co. Ltd., Class H(b)		3,760,000		2,948,454
CK Asset Holdings Ltd.		117,500		529,838
Daito Trust Construction Co. Ltd.		33,500		3,855,909
Land & Houses PCL, NVDR		9,470,500		2,042,120

				9,376,321

Retail REITs - 0.7%
Link REIT, REIT		799,000		4,006,626

Semiconductors & Semiconductor Equipment - 6.7%
Advantest Corp.		88,300		3,517,502
ASML Holding NV		11,750		10,187,776
MediaTek, Inc.		169,948		5,245,124
Novatek Microelectronics Corp.		254,427		4,153,811
Realtek Semiconductor Corp.		81,271		1,219,085
Taiwan Semiconductor Manufacturing Co. Ltd.		401,089		8,047,537
Tokyo Electron Ltd.		17,600		3,355,047
Vanguard International Semiconductor Corp.		296,000		695,091

				36,420,973

Software - 0.9%
Nemetschek SE		33,605		3,140,025


Investments	Shares		Value ($)
Temenos AG (Registered)(b)		16,450		1,694,762

				4,834,787

Specialty Retail - 1.4%
Fast Retailing Co. Ltd.		600		163,119
H & M Hennes & Mauritz AB, Class B(b)		113,035		1,613,418
Industria de Diseno Textil SA		121,260		5,230,549
Topsports International Holdings Ltd.(a)		940,000		607,247

				7,614,333

Technology Hardware, Storage & Peripherals - 1.1%
Catcher Technology Co. Ltd.		214,000		1,329,829
Lite-On Technology Corp.		470,000		1,629,259
Samsung Electronics Co. Ltd.		58,750		3,200,184
Wiwynn Corp.		1,000		70,289

				6,229,561

Textiles, Apparel & Luxury Goods - 3.0%
ANTA Sports Products Ltd.		141,000		1,184,131
Bosideng International Holdings Ltd.		5,640,000		2,546,829
Burberry Group plc		59,455		990,326
Cie Financiere Richemont SA (Registered)		2,115		318,045
Eclat Textile Co. Ltd.		6,000		104,858
Feng TAY Enterprise Co. Ltd.		21,284		110,162
Hermes International SCA		3,127		6,650,067
LVMH Moet Hennessy Louis Vuitton SE		3,290		2,764,663
Pandora A/S		4,935		725,672
Shenzhou International Group Holdings Ltd.		117,500		1,048,402

				16,443,155

Tobacco - 1.7%
Imperial Brands plc		181,655		4,391,773
Japan Tobacco, Inc.		174,900		4,660,410

				9,052,183

Trading Companies & Distributors - 2.5%
Howden Joinery Group plc		355,320		3,632,527
ITOCHU Corp.(b)		117,500		5,427,467
Marubeni Corp.		70,500		1,225,762
Mitsubishi Corp.		130,500		2,289,944
Mitsui & Co. Ltd.		29,900		1,233,637

				13,809,337

Wireless Telecommunication Services - 1.0%
Intouch Holdings PCL, NVDR		235,000		488,514
KDDI Corp.		20,500		686,769
Tele2 AB, Class B		497,965		4,282,585

				5,457,868

TOTAL COMMON STOCKS (COST $487,796,881)				541,235,131


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 2.8%(d)

REPURCHASE AGREEMENTS - 2.8%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $5,241,446, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $41,542,869		5,240,673		5,240,673
Citigroup Global Markets, Inc., 5.28%, dated 1/31/2024, due 2/1/2024, repurchase price $10,001,467, collateralized by various U.S. Treasury Securities, ranging from 0.38% - 4.00%, maturing 7/15/2024 - 1/31/2029; total market value $10,210,206		10,000,000		10,000,000

				15,240,673

TOTAL SECURITIES LENDING REINVESTMENTS (Cost $15,240,673)				15,240,673


Total Investments - 101.6% (Cost $503,037,554)				556,475,804

Liabilities in excess of other assets - (1.6%)				(8,973,345	)

Net Assets - 100.0%				547,502,459

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $34,416,873, collateralized in the form of cash with a value of $15,240,673 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $17,982,245 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 5.51%, and maturity dates ranging from February 6, 2024 – November 15, 2052 and $5,026,640 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from July 17, 2024 – October 22, 2073; a total value of $38,249,559.

(c)	Represents less than 0.05% of net assets.

(d)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $15,240,673.

Percentages

shown are based on Net Assets.

FlexShares^® International Quality Dividend Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 96.5%

Aerospace & Defense - 0.8%
BAE Systems plc		649		9,728
Thales SA		1,177		173,047

				182,775

Air Freight & Logistics - 0.2%
Deutsche Post AG		957		46,280

Automobile Components - 0.3%
Bridgestone Corp.		1,700		74,943

Automobiles - 0.9%
Bayerische Motoren Werke AG		77		8,095
Bayerische Motoren Werke AG (Preference)		44		4,338
Subaru Corp.		9,200		188,248

				200,681

Banks - 10.2%
Arab National Bank		5,467		36,417
Banco de Chile		446,490		49,941
Bancolombia SA		6,171		51,689
Bank Leumi Le-Israel BM		12,804		98,059
Bank of China Ltd., Class H		187,000		70,329
Bank of Communications Co. Ltd., Class H		55,000		32,505
Bankinter SA		6,754		41,965
Barclays plc		86,988		164,412
BOC Hong Kong Holdings Ltd.(a)		16,500		39,513
Commonwealth Bank of Australia		3,861		299,974
Credicorp Ltd.		407		60,425
Credit Agricole SA		4,257		61,557
Hang Seng Bank Ltd.		1,100		11,433
HSBC Holdings plc		3,102		24,420
Indian Bank		1,760		10,573
KBC Group NV		1,639		107,676
Nordea Bank Abp		7,337		91,063
Royal Bank of Canada(a)		4,081		400,784
Sberbank of Russia PJSC‡		79,800		—
Sumitomo Mitsui Financial Group, Inc.		5,334		280,977
Swedbank AB, Class A		8,899		183,279
Toronto-Dominion Bank (The)		308		18,827
Union Bank of India Ltd.		120,109		202,270

				2,338,088

Broadline Retail - 0.7%
B&M European Value Retail SA		7,084		46,783
Dollarama, Inc.		880		64,990
Woolworths Holdings Ltd.		12,166		45,377

				157,150

Capital Markets - 2.4%
Deutsche Boerse AG		638		128,037


Investments	Shares		Value ($)
Macquarie Korea Infrastructure Fund		16,773		156,589
Moscow Exchange MICEX-RTS PJSC‡		227,100		—
NH Investment & Securities Co. Ltd.*		5,401		42,815
Samsung Securities Co. Ltd.		4,147		116,985
Singapore Exchange Ltd.		15,400		108,440

				552,866

Chemicals - 2.1%
Croda International plc		572		35,000
Evonik Industries AG		1,298		24,174
Fertiglobe plc		150,876		114,606
Nissan Chemical Corp.		3,524		142,768
Nutrien Ltd.		341		17,111
Sasol Ltd.		4,422		39,042
Yara International ASA		3,333		111,370

				484,071

Commercial Services & Supplies - 0.9%
Brambles Ltd.(a)		2,420		23,420
RB Global, Inc.		649		41,805
Secom Co. Ltd.		2,000		146,673

				211,898

Communications Equipment - 0.7%
Accton Technology Corp.		9,963		168,387

Construction & Engineering - 0.3%
WSP Global, Inc.		396		58,541

Consumer Staples Distribution & Retail - 0.9%
Bid Corp. Ltd.		1,045		25,516
Loblaw Cos. Ltd.		605		60,838
Metro, Inc., Class A		198		10,461
Sun Art Retail Group Ltd.(a)		836,000		102,665

				199,480

Containers & Packaging - 0.5%
DS Smith plc		13,563		48,810
Smurfit Kappa Group plc		1,529		57,401

				106,211

Diversified Telecommunication Services - 2.1%
Elisa OYJ		2,629		120,655
Hellenic Telecommunications Organization SA		3,982		55,582
Koninklijke KPN NV		46,475		158,922
Nippon Telegraph & Telephone Corp.		63,100		80,421
Spark New Zealand Ltd.		2,970		9,717
Telenor ASA		4,312		48,124

				473,421

Electric Utilities - 2.3%
EDP - Energias de Portugal SA		9,801		44,097
Enel SpA		18,612		128,198
Fortum OYJ		3,619		49,886
Hydro One Ltd.(b)		1,705		50,918


Investments	Shares		Value ($)
Iberdrola SA		2,758		33,479
Iberdrola SA*		45		546
Power Grid Corp. of India Ltd.		57,055		178,152
Redeia Corp. SA		2,541		42,589

				527,865

Electrical Equipment - 0.7%
Mitsubishi Electric Corp.		1,600		24,114
Sociedad Quimica y Minera de Chile SA (Preference), Class B		3,366		145,543

				169,657

Electronic Equipment, Instruments & Components - 0.8%
Largan Precision Co. Ltd.		2,389		190,055

Entertainment - 0.7%
Capcom Co. Ltd.		600		23,171
Nexon Co. Ltd.(a)		8,600		139,141

				162,312

Financial Services - 2.3%
M&G plc		16,863		48,124
Power Finance Corp. Ltd.		43,867		234,142
REC Ltd.		40,821		245,313

				527,579

Food Products - 3.8%
Nestle SA (Registered)		6,270		720,372
Yakult Honsha Co. Ltd.		7,100		156,887

				877,259

Gas Utilities - 0.4%
Naturgy Energy Group SA(a)		1,705		46,302
Snam SpA		10,835		53,304

				99,606

Ground Transportation - 0.5%
Canadian National Railway Co.		825		102,985

Health Care Equipment & Supplies - 0.8%
Cochlear Ltd.		968		194,836

Hotels, Restaurants & Leisure - 1.1%
Jiumaojiu International Holdings Ltd.(a)(b)		33,000		19,419
OPAP SA		10,274		178,785
Sodexo SA		495		56,243

				254,447

Household Durables - 0.5%
Sekisui Chemical Co. Ltd.		3,300		47,793
Sekisui House Ltd.(a)		2,600		59,533

				107,326

Industrial Conglomerates - 0.4%
Alfa SAB de CV, Class A		34,100		26,882
Jardine Matheson Holdings Ltd.		1,100		44,330
Siemens AG (Registered)		55		9,958

				81,170

Industrial REITs - 0.3%
Goodman Group, REIT(a)		4,653		78,742


Investments	Shares		Value ($)
Insurance - 5.0%
Admiral Group plc		5,148		164,876
Allianz SE (Registered)		715		192,458
BB Seguridade Participacoes SA		25,300		175,371
Caixa Seguridade Participacoes SA		69,300		198,176
Medibank Pvt Ltd.		19,668		49,926
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)		308		131,886
Sampo OYJ, Class A		1,529		64,417
Zurich Insurance Group AG		341		174,545

				1,151,655

Interactive Media & Services - 0.5%
Autohome, Inc., ADR		462		11,642
Tencent Holdings Ltd.		3,300		114,232

				125,874

IT Services - 1.4%
Arabian Internet & Communications Services Co.		396		34,636
Capgemini SE		33		7,428
Elm Co.		253		60,853
HCL Technologies Ltd.		11,022		209,175
SCSK Corp.		700		13,916

				326,008

Leisure Products - 0.7%
Shimano, Inc.		1,100		160,701

Machinery - 0.5%
Kone OYJ, Class B		2,508		125,155

Marine Transportation - 3.5%
Cia Sud Americana de Vapores SA		2,445,049		175,766
COSCO SHIPPING Holdings Co. Ltd., Class H(a)		137,500		144,408
Evergreen Marine Corp. Taiwan Ltd.		44,620		214,550
HMM Co. Ltd.*		7,623		110,177
Yang Ming Marine Transport Corp.		110,098		168,316

				813,217

Media - 0.5%
Dentsu Group, Inc.		1,544		41,532
Grupo Televisa SAB, Series CPO(a)		101,798		61,522

				103,054

Metals & Mining - 5.9%
BHP Group Ltd.		22,539		704,295
China Hongqiao Group Ltd.(a)		44,000		32,196
Kumba Iron Ore Ltd.		3,234		96,159
Magnitogorsk Iron & Steel Works PJSC*‡		172,884		—
Novolipetsk Steel PJSC*‡		47,108		—
Rio Tinto plc		5,060		354,594
Severstal PAO*‡		6,900		—
Vedanta Ltd.		55,275		182,278

				1,369,522


Investments	Shares		Value ($)
Multi-Utilities - 0.2%
Canadian Utilities Ltd., Class A(a)		385		8,829
Engie SA		1,650		26,544

				35,373

Oil, Gas & Consumable Fuels - 7.0%
Adaro Energy Indonesia Tbk. PT		581,900		88,502
ARC Resources Ltd.		1,969		30,772
BP plc		25,300		148,993
Cenovus Energy, Inc.(a)		2,959		48,237
Equinor ASA		5,764		166,830
Exxaro Resources Ltd.		1,573		15,839
LUKOIL PJSC‡		240		—
OMV AG(a)		1,100		49,360
Pembina Pipeline Corp.		1,727		59,861
Petroleo Brasileiro SA (Preference)		18,700		153,086
Shell plc		2,981		92,892
Suncor Energy, Inc.		5,203		173,375
Surgutneftegas PJSC (Preference)‡		276,000		—
TotalEnergies SE		2,970		193,892
United Tractors Tbk. PT		109,000		158,527
Var Energi ASA		29,293		85,807
Yankuang Energy Group Co. Ltd., Class H(a)		71,999		147,733

				1,613,706

Paper & Forest Products - 0.2%
Stora Enso OYJ, Class R		4,070		52,235

Personal Care Products - 1.9%
L’Oreal SA		847		409,148
Unilever plc		583		28,561

				437,709

Pharmaceuticals - 8.7%
Astellas Pharma, Inc.		11,800		139,251
AstraZeneca plc		638		85,308
China Medical System Holdings Ltd.		96,565		138,352
GSK plc		18,348		366,367
Novartis AG (Registered)		2,849		296,906
Novo Nordisk A/S, Class B		1,892		213,635
Orion OYJ, Class B		143		6,636
Roche Holding AG		22		6,714
Roche Holding AG - BR		2,453		706,576
Sanofi SA		418		42,390

				2,002,135

Professional Services - 2.3%
Bureau Veritas SA		6,512		174,720
Computershare Ltd.		10,956		183,886
Randstad NV		451		25,847
RELX plc		297		12,337
SGS SA (Registered)		1,001		93,396
Teleperformance SE		187		29,586

				519,772

Real Estate Management & Development - 1.5%
CK Asset Holdings Ltd.		29,500		133,023
Daito Trust Construction Co. Ltd.		1,500		172,653


Investments	Shares		Value ($)
Land & Houses PCL, NVDR		207,900		44,829

				350,505

Semiconductors & Semiconductor Equipment - 3.6%
ASML Holding NV		462		400,575
Novatek Microelectronics Corp.		6,194		101,124
Taiwan Semiconductor Manufacturing Co. Ltd.		16,585		332,765

				834,464

Specialty Retail - 2.1%
Abu Dhabi National Oil Co. for Distribution PJSC		33,737		32,608
Industria de Diseno Textil SA		5,170		223,008
Jarir Marketing Co.		34,485		140,143
Topsports International Holdings Ltd.(b)		11,000		7,106
Zhongsheng Group Holdings Ltd.		16,500		27,735
ZOZO, Inc.		2,700		60,086

				490,686

Technology Hardware, Storage & Peripherals - 3.5%
Catcher Technology Co. Ltd.		23,000		142,926
Inventec Corp.		70,000		122,781
Lite-On Technology Corp.		48,810		169,200
Ricoh Co. Ltd.		5,400		43,148
Samsung Electronics Co. Ltd.		2,453		133,618
Wiwynn Corp.		2,867		201,518

				813,191

Textiles, Apparel & Luxury Goods - 3.1%
ANTA Sports Products Ltd.		16,447		138,123
Bosideng International Holdings Ltd.		396,000		178,820
Burberry Group plc		8,723		145,297
Kering SA		66		27,476
Li Ning Co. Ltd.		16,500		35,038
LVMH Moet Hennessy Louis Vuitton SE		132		110,923
Pandora A/S		253		37,203
Xtep International Holdings Ltd.		66,000		32,420

				705,300

Tobacco - 1.6%
Imperial Brands plc		7,315		176,851
Japan Tobacco, Inc.		7,200		191,852

				368,703

Trading Companies & Distributors - 2.7%
Ferguson plc		1,133		214,258
ITOCHU Corp.(a)		3,790		175,065
Mitsubishi Corp.		8,810		154,593
Sumitomo Corp.		3,300		77,096

				621,012

Wireless Telecommunication Services - 2.5%
Intouch Holdings PCL, NVDR		74,800		155,493
KDDI Corp.		4,400		147,404
SoftBank Corp.		5,600		75,222
Tele2 AB, Class B		15,895		136,700


Investments	Shares		Value ($)
Vodafone Group plc		60,049		51,479

				566,298

TOTAL COMMON STOCKS (COST $21,183,561)				22,214,906


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 2.3%(c)

REPURCHASE AGREEMENTS - 2.3%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $529,791, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $4,199,042 (Cost $529,713)		529,713		529,713

Total Investments - 98.8% (Cost $21,713,274)				22,744,619
Other assets less liabilities - 1.2%				286,423

Net Assets - 100.0%				23,031,042

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $1,334,134, collateralized in the form of cash with a value of $529,713 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $446,565 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 5.51%, and maturity dates ranging from February 6, 2024 – November 15, 2052 and $478,825 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from February 21, 2024 – September 20, 2117; a total value of $1,455,103.

(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $529,713.

Percentages shown are based on Net Assets.


Abbreviations

ADR		American Depositary Receipt
NVDR		Non-Voting Depositary Receipt

FlexShares^® International Quality Dividend Defensive Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Defensive Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Defensive Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
COMMON STOCKS - 98.7%

Air Freight & Logistics - 1.2%
Deutsche Post AG		7,155		346,015
DSV A/S		3,132		564,844

				910,859

Automobiles - 2.6%
Dr Ing hc F Porsche AG (Preference)(a)		4,968		426,970
Isuzu Motors Ltd.		27,000		375,423
Mercedes-Benz Group AG		11,259		768,661
Yadea Group Holdings Ltd.(a)		256,000		349,750

				1,920,804

Banks - 12.0%
ANZ Group Holdings Ltd.		40,473		727,727
Banco del Bajio SA(a)		16,200		61,761
Bank Leumi Le-Israel BM		15,714		120,345
Bank Polska Kasa Opieki SA		11,637		451,375
Barclays plc		338,283		639,373
Canara Bank		108,864		631,865
China Construction Bank Corp., Class H		1,404,000		833,357
China Merchants Bank Co. Ltd., Class H		102,500		374,349
FinecoBank Banca Fineco SpA		37,638		549,076
Grupo Financiero Banorte SAB de CV, Class O		18,900		192,637
KBC Group NV		7,938		521,498
Mitsubishi UFJ Financial Group, Inc.		5,400		51,534
Nordea Bank Abp		54,756		679,604
Royal Bank of Canada(b)		11,313		1,111,020
Santander Bank Polska SA		4,320		528,179
Sberbank of Russia PJSC (Preference)‡		31,920		—
Skandinaviska Enskilda Banken AB, Class A		46,440		665,878
Toronto-Dominion Bank (The)		13,365		816,975

				8,956,553

Broadline Retail - 0.4%
B&M European Value Retail SA		23,436		154,774
momo.com, Inc.		8,200		114,225

				268,999

Building Products - 0.8%
Geberit AG (Registered)		1,053		613,989

Capital Markets - 4.8%
3i Group plc		22,167		699,786
Brookfield Asset Management Ltd., Class A		15,795		639,106
Hong Kong Exchanges & Clearing Ltd.		6,500		196,732
Julius Baer Group Ltd.		8,019		442,150
Partners Group Holding AG		486		664,543


Investments	Shares		Value ($)
Samsung Securities Co. Ltd.		8,505		239,923
UBS Group AG (Registered)		23,814		721,485

				3,603,725

Chemicals - 2.9%
Fertiglobe plc		582,255		442,285
Nissan Chemical Corp.		3,500		141,796
Shin-Etsu Chemical Co. Ltd.		24,300		976,655
Sika AG (Registered)		405		113,354
Yara International ASA		15,471		516,952

				2,191,042

Consumer Staples Distribution & Retail - 0.5%
Alimentation Couche-Tard, Inc.		5,022		296,122
Jeronimo Martins SGPS SA		3,807		87,173
Kesko OYJ, Class B		459		9,014

				392,309

Diversified REITs - 0.8%
Stockland, REIT		195,372		588,927

Electric Utilities - 1.1%
Fortum OYJ		38,556		531,476
Redeia Corp. SA		17,442		292,342

				823,818

Electrical Equipment - 0.9%
Sociedad Quimica y Minera de Chile SA (Preference), Class B		7,803		337,395
Voltronic Power Technology Corp.		8,000		342,498

				679,893

Electronic Equipment, Instruments & Components - 0.9%
Nan Ya Printed Circuit Board Corp.		69,000		500,424
Unimicron Technology Corp.		34,000		191,185

				691,609

Entertainment - 0.6%
Universal Music Group NV		15,633		464,779

Financial Services - 4.1%
Banca Mediolanum SpA		56,538		583,068
FirstRand Ltd.		85,779		313,253
GMO Payment Gateway, Inc.		8,100		499,105
Piramal Enterprises Ltd.		16,470		181,689
Power Finance Corp. Ltd.		140,103		747,807
REC Ltd.		130,653		785,157

				3,110,079

Food Products - 1.0%
Nestle SA (Registered)		4,212		483,924
Uni-President China Holdings Ltd.		540,000		302,562

				786,486

Gas Utilities - 0.2%
Kunlun Energy Co. Ltd.		162,000		144,857

Ground Transportation - 0.1%
TFI International, Inc.		459		60,702

Health Care Equipment & Supplies - 2.8%
Hoya Corp.		5,600		725,788


Investments	Shares		Value ($)
Sonova Holding AG (Registered)		1,998		646,785
Straumann Holding AG (Registered)		3,564		550,065
Sysmex Corp.(b)		2,700		147,916

				2,070,554

Health Care Providers & Services - 0.2%
Amplifon SpA		4,374		144,296

Hotels, Restaurants & Leisure - 1.0%
Evolution AB(a)		783		92,681
Haidilao International Holding Ltd.(a)		54,000		84,690
OPAP SA		32,454		564,755

				742,126

Household Durables - 0.7%
Nien Made Enterprise Co. Ltd.		49,000		525,232

Household Products - 0.2%
Reckitt Benckiser Group plc		1,701		123,643

Industrial Conglomerates - 2.0%
Hitachi Ltd.		13,500		1,078,245
Industries Qatar QSC		137,781		454,099

				1,532,344

Insurance - 2.9%
AXA SA		13,203		446,889
BB Seguridade Participacoes SA		29,700		205,870
Caixa Seguridade Participacoes SA		226,800		648,577
Legal & General Group plc		57,105		185,437
Manulife Financial Corp.		30,996		689,496

				2,176,269

Interactive Media & Services - 2.1%
REA Group Ltd.(b)		4,968		604,077
Rightmove plc		73,602		525,067
Tencent Holdings Ltd.		12,800		443,081

				1,572,225

IT Services - 0.2%
Infosys Ltd.		7,668		153,362

Leisure Products - 0.6%
Shimano, Inc.		3,000		438,276

Machinery - 1.3%
MISUMI Group, Inc.		20,300		356,908
VAT Group AG(a)		1,296		614,423

				971,331

Marine Transportation - 3.6%
Cia Sud Americana de Vapores SA		6,348,402		456,365
COSCO SHIPPING Holdings Co. Ltd., Class H(b)		526,500		552,952
Evergreen Marine Corp. Taiwan Ltd.		144,000		692,407
Orient Overseas International Ltd.(b)		27,000		402,034
Yang Ming Marine Transport Corp.		405,000		619,155

				2,722,913


Investments	Shares		Value ($)
Media - 0.3%
Publicis Groupe SA		2,484		251,207

Metals & Mining - 6.2%
BHP Group Ltd.		67,230		2,100,792
Fortescue Ltd.		14,364		283,720
Glencore plc		7,020		37,586
Kumba Iron Ore Ltd.		17,064		507,376
MMC Norilsk Nickel PJSC‡		2,128		—
Norsk Hydro ASA		82,836		490,682
Rio Tinto plc		8,991		630,071
Severstal PAO*‡		7,952		—
Vedanta Ltd.		179,685		592,540

				4,642,767

Oil, Gas & Consumable Fuels - 7.2%
Adaro Energy Indonesia Tbk. PT		3,156,300		480,046
Canadian Natural Resources Ltd.		14,553		937,195
China Shenhua Energy Co. Ltd., Class H		35,000		132,304
Coal India Ltd.		124,821		610,474
Equinor ASA		13,500		390,736
Exxaro Resources Ltd.		51,543		518,984
Petroleo Brasileiro SA (Preference)		83,700		685,205
Shell plc		4,023		125,362
United Tractors Tbk. PT		321,300		467,290
Var Energi ASA		160,596		470,426
Woodside Energy Group Ltd.		1		20
Yankuang Energy Group Co. Ltd., Class H(b)		300,000		615,562

				5,433,604

Personal Care Products - 2.3%
L’Oreal SA		3,564		1,721,609

Pharmaceuticals - 4.1%
Astellas Pharma, Inc.		14,700		173,474
AstraZeneca plc		1,053		140,799
China Medical System Holdings Ltd.		297,000		425,521
CSPC Pharmaceutical Group Ltd.		378,000		277,555
GSK plc		27,756		554,223
Hansoh Pharmaceutical Group Co. Ltd.(a)		278,000		416,791
Novartis AG (Registered)		1,269		132,248
Novo Nordisk A/S, Class B		6,912		780,468
Orion OYJ, Class B		432		20,047
Roche Holding AG		594		171,099

				3,092,225

Professional Services - 2.3%
Bureau Veritas SA		14,364		385,392
Randstad NV		8,910		510,637
Recruit Holdings Co. Ltd.		20,900		847,438

				1,743,467

Real Estate Management & Development - 0.9%
China Vanke Co. Ltd., Class H(b)		410,400		321,821
Daiwa House Industry Co. Ltd.		2,700		84,671
Land & Houses PCL, NVDR		772,200		166,509
Longfor Group Holdings Ltd.(a)(b)		67,500		74,345

				647,346


Investments	Shares		Value ($)
Semiconductors & Semiconductor Equipment - 8.8%
ASML Holding NV		4,374		3,792,454
Globalwafers Co. Ltd.		8,000		147,990
MediaTek, Inc.		12,000		370,357
Novatek Microelectronics Corp.		36,000		587,741
Taiwan Semiconductor Manufacturing Co. Ltd.		44,000		882,826
Tokyo Electron Ltd.		4,200		800,636

				6,582,004

Software - 1.3%
Nemetschek SE		2,916		272,469
Temenos AG (Registered)		6,507		670,384

				942,853

Specialty Retail - 2.2%
Fast Retailing Co. Ltd.		2,700		734,038
Industria de Diseno Textil SA		16,497		711,598
ZOZO, Inc.		8,100		180,259

				1,625,895

Technology Hardware, Storage & Peripherals - 0.3%
Samsung Electronics Co. Ltd.		4,833		263,259

Textiles, Apparel & Luxury Goods - 4.7%
Burberry Group plc		27,270		454,229
Cie Financiere Richemont SA (Registered)		7,479		1,124,662
Hermes International SCA		297		631,618
LVMH Moet Hennessy Louis Vuitton SE		270		226,887
Pandora A/S		4,104		603,477
Shenzhou International Group Holdings Ltd.		51,300		457,728

				3,498,601

Tobacco - 1.7%
Imperial Brands plc		24,759		598,585
Japan Tobacco, Inc.		24,300		647,501

				1,246,086

Trading Companies & Distributors - 3.1%
Ferguson plc		2,187		413,578
Howden Joinery Group plc		55,566		568,065
ITOCHU Corp.(b)		13,100		605,105
Marubeni Corp.		35,100		610,273
Mitsui & Co. Ltd.		2,700		111,399

				2,308,420

Wireless Telecommunication Services - 0.8%
Tele2 AB, Class B		68,256		587,013

TOTAL COMMON STOCKS (COST $68,266,282)				73,968,357


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 1.6%(c)

REPURCHASE AGREEMENTS - 1.6%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $1,177,753, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $9,334,682 (Cost $1,177,579)		1,177,579		1,177,579

Total Investments - 100.3% (Cost $69,443,861)				75,145,936
Liabilities in excess of other assets - (0.3%)				(220,374	)

Net Assets - 100.0%				74,925,562

*	Non-income producing security.

‡	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(a)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

(b)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $3,772,988, collateralized in the form of cash with a value of $1,177,579 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments; $2,572,228 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.38% – 5.51%, and maturity dates ranging from July 31, 2024 – November 15, 2052 and $448,002 of collateral in the form of Foreign Government Fixed Income Securities, interest rates ranging from 0.00% – 5.50%, and maturity dates ranging from March 22, 2024 – October 22, 2073; a total value of $4,197,809.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $1,177,579.

FlexShares^® International Quality Dividend Dynamic Index Fund had the following open futures contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Dynamic Index Fund had the following outstanding contracts as of January 31, 2024:

FlexShares^® International Quality Dividend Dynamic Index invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 99.9%
U.S. Treasury Inflation Linked Bonds
2.00%, 1/15/2026		40,940,602		40,830,254
2.38%, 1/15/2027		98,223,158		99,553,264
1.75%, 1/15/2028		30,283,467		30,255,471
3.63%, 4/15/2028		41,791,818		44,891,922
2.50%, 1/15/2029		26,830,857		27,880,334
3.88%, 4/15/2029		48,244,757		53,387,096
U.S. Treasury Inflation Linked Notes
0.13%, 4/15/2025		55,372,232		53,700,250
0.38%, 7/15/2025		69,684,303		67,968,508
0.13%, 10/15/2025		53,151,513		51,467,689
0.63%, 1/15/2026		72,059,179		69,983,256
0.13%, 4/15/2026		61,157,134		58,546,808
0.13%, 7/15/2026		61,873,413		59,374,307
0.13%, 10/15/2026		56,401,492		53,906,387
0.38%, 1/15/2027		191,452,281		183,218,338
0.13%, 4/15/2027		167,595,713		158,478,331
0.38%, 7/15/2027		181,371,759		173,382,427
1.63%, 10/15/2027		162,276,027		161,887,241
0.50%, 1/15/2028		63,480,331		60,423,687
1.25%, 4/15/2028		53,642,879		52,518,335
0.75%, 7/15/2028		59,003,722		56,828,728
2.38%, 10/15/2028		58,699,631		60,684,565
0.88%, 1/15/2029		57,864,788		55,663,213
0.25%, 7/15/2029		62,680,765		58,342,897
0.13%, 1/15/2030		64,247,111		58,723,365
0.13%, 7/15/2030		67,358,450		61,378,633

TOTAL U.S. TREASURY OBLIGATIONS (Cost $1,878,577,383)				1,853,275,306

Total Investments - 99.9% (Cost $1,878,577,383)				1,853,275,306
Other assets less liabilities - 0.1%				2,756,262

Net Assets - 100.0%				1,856,031,568


Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 99.8%

U.S. Treasury Inflation Linked Bonds
1.75%,1/15/2028		17,404,713		17,388,622
3.63%, 4/15/2028		24,018,810		25,800,518
2.50%, 1/15/2029		15,419,769		16,022,907
3.88%, 4/15/2029		45,129,300		49,939,567
3.38%, 4/15/2032		6,512,923		7,321,187
2.13%, 2/15/2040		16,229,049		16,679,468
U.S. Treasury Inflation Linked Notes
0.13%, 4/15/2027		32,245,463		30,491,276
0.38%, 7/15/2027		34,965,408		33,425,200
1.63%, 10/15/2027		31,220,284		31,145,485
0.50%, 1/15/2028		36,481,647		34,725,017
1.25%, 4/15/2028		30,833,242		30,186,868
0.75%, 7/15/2028		33,910,382		32,660,378
2.38%, 10/15/2028		33,516,582		34,649,949
0.88%, 1/15/2029		53,876,209		51,826,388
0.25%, 7/15/2029		58,549,022		54,497,094
0.13%, 1/15/2030		60,043,850		54,881,486
0.13%, 7/15/2030		62,952,516		57,363,841
0.13%, 1/15/2031		38,517,552		34,704,415
0.13%, 7/15/2031		40,436,949		36,243,722
0.13%, 1/15/2032		42,651,218		37,742,996
0.63%, 7/15/2032		38,832,116		35,693,692
1.13%, 1/15/2033(a)		38,895,176		37,002,835
1.38%, 7/15/2033		36,163,828		35,231,479
1.75%, 1/15/2034		14,274,138		14,325,250

TOTAL U.S. TREASURY OBLIGATIONS (Cost $828,265,454)				809,949,640

Total Investments - 99.8% (Cost $828,265,454)				809,949,640
Other assets less liabilities - 0.2%				1,590,848

Net Assets - 100.0%				811,540,488

(a)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $505,215, collateralized in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 6.00%, and maturity dates ranging from July 31, 2024 – August 15, 2053; a total value of $496,822.

Percentages shown are based on Net Assets.


Investments	Principal Amount ($)		Value ($)
MORTGAGE-BACKED SECURITIES - 99.4%

FHLMC
2.50%, 1/1/2028		106,909		103,118
2.50%, 4/1/2028		319,978		308,320
2.50%, 7/1/2028		171,448		164,872
2.50%, 1/1/2029		23,636		22,748
2.50%, 1/1/2030		269,772		260,054
3.00%, 1/1/2032		1,008,559		966,703
2.50%, 2/1/2032		1,243,088		1,173,363
5.00%, 5/1/2034		40,553		40,975
5.00%, 7/1/2035		91,418		92,367
5.00%, 8/1/2035		75,451		76,235
5.00%, 10/1/2035		13,625		13,767
5.00%, 12/1/2035		77,543		78,446
6.00%, 1/1/2037		50,537		52,658
6.00%, 4/1/2037		26,761		27,881
6.00%, 5/1/2037		45,637		47,544
5.00%, 2/1/2038		39,186		39,593
5.00%, 7/1/2038		39,644		40,057
5.00%, 10/1/2038		36,255		36,632
5.00%, 2/1/2039		91,336		92,286
5.00%, 5/1/2039		51,378		51,914
5.00%, 6/1/2039		18,169		18,358
5.00%, 7/1/2039		40,242		40,662
5.00%, 9/1/2039		4,213		4,257
6.00%, 11/1/2039		28,593		29,787
5.00%, 1/1/2040		12,443		12,573
5.00%, 3/1/2040		34,261		34,619
5.00%, 4/1/2040		15,263		15,423
6.00%, 4/1/2040		32,618		33,981
5.00%, 5/1/2040		13,316		13,455
6.00%, 5/1/2040		77,755		81,005
5.00%, 7/1/2040		75,794		76,570
6.00%, 7/1/2040		121,852		126,948
4.00%, 1/1/2041		10,439		10,067
5.00%, 5/1/2041		105,760		106,834
3.50%, 11/1/2041		54,269		50,896
3.00%, 3/1/2042		9,170		8,386
3.00%, 4/1/2042		69,305		63,295
3.00%, 6/1/2042		57,559		52,460
3.50%, 7/1/2042		558,274		522,878
3.00%, 8/1/2042		32,781		29,897
3.00%, 12/1/2042		70,546		64,293
3.00%, 1/1/2043		36,734		33,389
3.00%, 2/1/2043		19,361		17,762
3.00%, 4/1/2043		23,972		21,789
3.00%, 6/1/2043		14,783		13,437
3.50%, 8/1/2043		625,284		584,526
3.00%, 10/1/2043		46,994		42,714
4.00%, 8/1/2044		10,501		10,106
5.00%, 8/1/2044		29,490		29,797
4.00%, 1/1/2045		31,872		30,712


Investments	Principal Amount ($)		Value ($)
4.00%, 2/1/2045		70,429		67,917
4.50%, 2/1/2045		345,820		339,823
4.00%, 8/1/2045		79,514		76,619
4.00%, 9/1/2045		13,245		12,763
4.00%, 10/1/2045		132,800		127,853
4.00%, 11/1/2045		27,285		26,291
4.00%, 12/1/2045		11,241		10,831
4.00%, 1/1/2046		35,642		34,345
2.50%, 9/1/2046		21,146		18,218
3.00%, 11/1/2046		22,424		20,202
FHLMC UMBS
3.00%, 8/1/2026		33,898		33,115
3.00%, 1/1/2027		56,033		54,597
3.00%, 2/1/2027		32,695		31,826
3.00%, 4/1/2027		199,509		194,126
2.50%, 6/1/2027		19,684		19,009
2.50%, 3/1/2028		694,504		668,230
3.00%, 8/1/2029		98,447		95,067
2.50%, 8/1/2030		803,908		762,009
2.50%, 11/1/2030		31,770		30,494
3.00%, 5/1/2031		56,015		54,390
2.00%, 8/1/2031		25,873		24,107
4.00%, 8/1/2031		63,554		62,389
4.00%, 9/1/2031		58,046		56,846
2.00%, 11/1/2031		41,845		38,945
2.50%, 12/1/2031		559,543		528,326
2.00%, 1/1/2032		83,688		77,713
4.00%, 1/1/2032		77,204		75,572
2.00%, 2/1/2032		89,450		82,675
3.50%, 2/1/2032		144,836		139,930
4.00%, 2/1/2032		120,641		118,093
3.50%, 3/1/2032		118,693		114,438
3.50%, 7/1/2032		92,272		88,837
2.00%, 12/1/2032		688,271		639,112
3.00%, 4/1/2033		1,224,851		1,182,532
3.50%, 5/1/2033		28,742		27,637
3.00%, 10/1/2033		1,308,671		1,258,921
2.00%, 10/1/2035		1,045,697		945,440
1.50%, 2/1/2036		1,118,579		983,536
2.00%, 3/1/2036		389,820		353,219
1.50%, 4/1/2036		293,975		258,334
4.00%, 5/1/2036		21,687		21,281
5.00%, 3/1/2038		45,506		45,913
5.00%, 7/1/2039		63,237		63,805
3.00%, 9/1/2039		98,453		90,928
3.00%, 10/1/2039		27,859		25,681
5.00%, 10/1/2039		22,692		22,895
3.00%, 11/1/2039		110,006		101,324
5.00%, 1/1/2040		23,139		23,429
5.00%, 3/1/2040		35,449		35,882
5.00%, 5/1/2040		49,905		50,353
2.00%, 7/1/2040		101,573		87,491
1.50%, 10/1/2040		525,747		433,713
3.50%, 12/1/2040		39,019		36,555
2.00%, 1/1/2041		161,356		138,269


Investments	Principal Amount ($)		Value ($)
2.00%, 2/1/2041		940,950		805,759
1.50%, 3/1/2041		684,100		563,765
2.00%, 3/1/2041		584,810		500,822
4.50%, 3/1/2041		68,030		67,700
4.50%, 4/1/2041		15,107		15,033
1.50%, 5/1/2041		563,658		462,763
2.50%, 6/1/2041		452,312		398,466
2.00%, 10/1/2041		496,938		423,097
4.00%, 1/1/2042		51,390		49,460
5.00%, 2/1/2042		40,935		41,281
3.50%, 11/1/2042		69,266		64,689
3.50%, 1/1/2043		34,619		32,458
3.50%, 2/1/2043		24,037		22,478
2.50%, 6/1/2043		365,404		318,262
4.00%, 12/1/2043		10,488		10,092
4.50%, 3/1/2044		48,760		48,445
4.00%, 6/1/2044		3,795		3,640
4.50%, 7/1/2044		17,993		17,824
4.00%, 8/1/2044		11,348		10,904
4.50%, 12/1/2044		12,246		12,126
4.00%, 2/1/2045		14,086		13,564
4.50%, 9/1/2045		14,434		14,293
4.00%, 10/1/2045		36,331		34,959
4.00%, 12/1/2045		18,480		17,782
4.50%, 12/1/2045		568,380		562,804
3.00%, 1/1/2046		38,348		34,583
4.00%, 1/1/2046		32,115		30,902
4.00%, 2/1/2046		221,555		213,193
4.50%, 4/1/2046		29,120		28,906
4.00%, 11/1/2046		166,784		158,449
4.50%, 3/1/2047		412,060		407,590
4.50%, 8/1/2048		397,409		390,967
2.00%, 5/1/2052		1,391,295		1,121,387
6.00%, 6/1/2053		827,420		838,778
7.00%, 12/1/2053		684,125		705,394
FNMA UMBS
3.50%, 12/1/2025		338,102		332,497
4.00%, 5/1/2026		200,534		197,985
3.00%, 11/1/2026		503,897		491,119
3.00%, 12/1/2026		146,957		143,171
3.50%, 12/1/2026		198,210		194,731
3.00%, 1/1/2027		48,036		46,805
3.00%, 2/1/2027		57,242		55,723
3.00%, 6/1/2027		198,463		192,947
3.00%, 8/1/2027		218,067		211,855
3.00%, 10/1/2027		62,618		60,770
3.00%, 11/1/2027		75,137		72,941
2.50%, 12/1/2027		151,522		145,959
2.50%, 1/1/2028		838,129		802,901
2.50%, 4/1/2028		49,062		47,214
2.50%, 9/1/2028		39,298		37,867
3.50%, 12/1/2028		75,465		73,771
3.00%, 2/1/2029		99,317		96,088
2.50%, 3/1/2029		187,832		180,658
2.50%, 6/1/2029		68,668		66,138
3.50%, 12/1/2029		612,986		597,223
2.50%, 7/1/2030		173,844		167,200
3.00%, 7/1/2030		674,882		653,249


Investments	Principal Amount ($)		Value ($)
2.50%, 8/1/2030		802,359		760,870
3.00%, 9/1/2030		969,705		938,904
3.50%, 10/1/2030		45,415		44,006
3.50%, 11/1/2030		7,695		7,456
3.00%, 12/1/2030		1,255,734		1,208,190
3.50%, 2/1/2031		664,517		649,378
2.50%, 3/1/2031		366,409		351,523
4.00%, 8/1/2031		153,713		150,566
2.00%, 9/1/2031		21,509		20,030
2.00%, 11/1/2031		50,848		47,324
4.00%, 12/1/2031		53,904		52,758
4.00%, 3/1/2032		38,457		37,640
3.50%, 7/1/2032		206,613		199,159
3.50%, 10/1/2032		205,561		201,593
6.00%, 12/1/2032		8,810		9,078
6.00%, 4/1/2033		6,184		6,406
4.00%, 10/1/2033		31,107		30,554
4.00%, 3/1/2034		375,699		370,590
6.00%, 8/1/2034		30,811		32,057
6.50%, 9/1/2034		87,282		90,835
6.00%, 12/1/2034		135,906		141,176
3.00%, 2/1/2035		653,838		630,137
3.00%, 7/1/2035		929,807		892,148
5.00%, 8/1/2035		18,842		19,011
1.50%, 10/1/2035		149,170		131,355
6.00%, 11/1/2035		26,994		28,004
5.00%, 12/1/2035		41,699		42,072
6.00%, 6/1/2036		37,691		39,216
2.00%, 7/1/2036		881,995		797,419
2.50%, 7/1/2036		693,901		638,866
5.00%, 7/1/2036		18,175		18,337
6.50%, 8/1/2036		13,692		14,282
2.50%, 11/1/2036		325,380		295,537
6.00%, 11/1/2036		36,253		37,721
1.50%, 2/1/2037		833,784		728,987
2.50%, 4/1/2037		770,256		698,193
1.50%, 8/1/2037		286,856		250,955
6.00%, 8/1/2037		125,606		130,560
6.00%, 9/1/2037		18,328		19,070
6.50%, 10/1/2037		29,004		30,271
5.00%, 3/1/2038		46,113		46,526
5.00%, 5/1/2038		35,665		35,984
6.00%, 5/1/2038		12,617		13,128
6.00%, 9/1/2038		22,996		23,927
5.00%, 6/1/2039		41,594		41,967
3.50%, 8/1/2039		448,044		429,278
5.00%, 10/1/2039		38,679		39,026
3.00%, 1/1/2040		35,274		32,443
5.00%, 2/1/2040		35,419		36,177
5.00%, 6/1/2040		13,311		13,431
6.00%, 6/1/2040		97,070		101,004
3.50%, 1/1/2041		32,796		30,768
1.50%, 2/1/2041		757,790		624,680
3.50%, 2/1/2041		21,374		20,043
1.50%, 4/1/2041		409,997		337,280
2.00%, 5/1/2041		469,468		402,427
4.50%, 5/1/2041		36,034		35,858
5.00%, 5/1/2041		29,622		29,870


Investments	Principal Amount ($)		Value ($)
6.00%, 5/1/2041		21,768		22,650
4.50%, 6/1/2041		11,325		11,270
2.50%, 7/1/2041		568,307		496,927
5.00%, 7/1/2041		370,810		373,931
6.00%, 7/1/2041		24,560		25,554
4.50%, 8/1/2041		104,911		104,401
5.00%, 8/1/2041		56,177		56,755
4.00%, 9/1/2041		170,340		163,912
4.50%, 9/1/2041		66,732		66,407
3.50%, 10/1/2041		119,181		111,776
4.00%, 10/1/2041		44,932		43,266
5.00%, 10/1/2041		58,259		58,740
4.00%, 11/1/2041		65,412		62,944
4.00%, 12/1/2041		16,349		15,732
4.00%, 1/1/2042		146,811		139,675
4.50%, 1/1/2042		16,519		16,439
6.00%, 1/1/2042		61,152		63,631
3.00%, 3/1/2042		24,952		22,725
4.00%, 3/1/2042		75,074		72,618
3.00%, 4/1/2042		46,346		42,242
4.50%, 4/1/2042		81,415		81,019
3.50%, 5/1/2042		21,802		20,402
4.50%, 5/1/2042		60,673		60,378
3.50%, 6/1/2042		39,971		37,397
3.50%, 7/1/2042		124,358		116,322
4.00%, 7/1/2042		100,836		97,278
3.50%, 8/1/2042		37,907		35,453
3.00%, 9/1/2042		66,063		60,006
3.50%, 9/1/2042		12,060		11,287
4.00%, 9/1/2042		63,869		61,506
3.00%, 10/1/2042		132,790		120,938
3.50%, 10/1/2042		23,446		21,926
2.50%, 12/1/2042		217,707		189,622
3.00%, 12/1/2042		127,502		115,783
2.50%, 1/1/2043		7,558		6,583
3.00%, 1/1/2043		124,617		113,110
3.50%, 1/1/2043		34,985		32,688
4.00%, 1/1/2043		66,784		64,264
4.50%, 1/1/2043		165,488		164,683
2.50%, 2/1/2043		288,279		250,765
3.00%, 2/1/2043		169,712		154,054
3.50%, 2/1/2043		66,333		62,100
3.50%, 3/1/2043		78,133		73,278
2.50%, 5/1/2043		11,547		9,966
2.50%, 6/1/2043		6,210		5,399
4.00%, 8/1/2043		36,059		34,700
4.00%, 9/1/2043		85,190		81,963
4.50%, 9/1/2043		24,562		24,340
4.00%, 10/1/2043		105,672		101,682
4.00%, 11/1/2043		223,955		215,645
4.50%, 11/1/2043		81,760		80,957
4.50%, 12/1/2043		59,862		59,359
4.00%, 1/1/2044		85,609		82,377
4.50%, 2/1/2044		16,252		16,093
4.50%, 3/1/2044		99,402		100,034
5.00%, 3/1/2044		16,850		16,997
4.00%, 4/1/2044		821,306		787,853
4.50%, 4/1/2044		176,207		174,525


Investments	Principal Amount ($)		Value ($)
5.00%, 6/1/2044		28,782		28,994
4.00%, 10/1/2044		32,922		31,703
4.50%, 10/1/2044		7,504		7,431
4.50%, 12/1/2044		31,170		30,877
4.00%, 2/1/2045		24,714		23,781
4.50%, 2/1/2045		106,016		104,977
4.00%, 4/1/2045		22,108		21,273
4.00%, 8/1/2045		10,388		9,995
4.00%, 11/1/2045		61,665		59,355
4.50%, 11/1/2045		71,646		70,982
4.00%, 12/1/2045		140,778		135,569
4.00%, 2/1/2046		6,933		6,721
4.50%, 3/1/2046		114,634		113,587
4.00%, 4/1/2046		10,587		10,198
2.50%, 6/1/2046		69,467		60,514
4.50%, 6/1/2046		75,870		75,126
4.50%, 7/1/2046		15,622		15,455
4.50%, 8/1/2046		13,003		12,875
2.50%, 10/1/2046		56,596		48,736
4.50%, 10/1/2046		27,186		26,874
2.50%, 12/1/2046		19,158		16,445
4.50%, 1/1/2047		24,163		23,901
4.00%, 2/1/2047		27,262		26,242
4.50%, 2/1/2047		30,248		30,038
4.50%, 5/1/2047		473,521		464,707
4.50%, 7/1/2047		65,994		65,346
5.00%, 7/1/2047		26,698		26,937
5.50%, 2/1/2049		1,656,578		1,703,825
6.00%, 2/1/2049		75,648		79,777
4.50%, 7/1/2049		446,451		436,914
4.50%, 11/1/2049		448,811		444,225
4.50%, 5/1/2050		732,806		715,657
5.00%, 6/1/2050		1,039,062		1,040,738
3.50%, 7/1/2050		457,718		422,624
4.00%, 7/1/2050		1,255,917		1,190,210
4.50%, 10/1/2050		1,170,106		1,150,179
5.00%, 10/1/2050		950,380		951,878
1.50%, 2/1/2051		697,694		537,540
6.50%, 11/1/2053		970,528		993,436
GNMA
5.50%, 8/20/2033		24,051		24,962
5.50%, 11/20/2033		22,773		23,635
5.50%, 3/20/2034		27,840		28,895
5.50%, 7/20/2034		17,481		18,143
5.50%, 9/20/2034		7,764		7,848
5.50%, 3/20/2036		58,849		61,082
5.50%, 9/20/2038		35,400		36,745
5.50%, 2/20/2039		58,298		60,513
4.50%, 5/15/2039		1,469,700		1,465,385
5.00%, 11/15/2039		474,448		479,212
4.00%, 6/15/2040		285,010		276,434
4.00%, 8/15/2040		284,560		275,976
4.00%, 11/15/2040		215,533		208,829
5.50%, 12/20/2040		16,707		17,325
5.50%, 1/20/2041		17,967		18,648
4.00%, 9/15/2041		811,306		780,269
5.50%, 12/20/2041		43,255		44,133
5.50%, 2/20/2042		11,911		12,364


Investments	Principal Amount ($)		Value ($)
3.00%, 4/15/2042		985,992		900,736
3.50%, 6/15/2042		428,246		405,137
2.50%, 3/20/2043		37,285		32,815
2.50%, 5/20/2043		54,648		48,096
5.50%, 3/20/2044		49,323		51,195
4.50%, 10/20/2044		110,983		110,896
2.50%, 11/20/2044		33,284		29,294
5.00%, 6/20/2045		136,018		138,599
4.00%, 8/15/2045		1,051,791		1,013,673
4.50%, 12/20/2045		231,246		230,208
4.50%, 4/20/2046		268,255		268,044
5.00%, 5/20/2046		331,449		337,740
3.50%, 6/15/2046		1,778,241		1,674,600
3.50%, 10/20/2047		987,716		921,616
4.00%, 2/20/2048		877,538		843,843
5.00%, 5/20/2048		121,281		122,238
5.50%, 1/20/2049		284,315		289,474
5.50%, 7/20/2049		7,976		8,172
4.00%, 12/20/2051		394,630		377,478
5.50%, 12/20/2052		561,065		565,048
6.00%, 1/20/2053		534,265		542,563
6.50%, 6/20/2053		1,748,764		1,788,449
7.00%, 8/20/2053		984,641		1,012,474

TOTAL MORTGAGE-BACKED SECURITIES (Cost $79,533,524)				75,662,488

Total Investments - 99.4% (Cost $79,533,524)				75,662,488
Other assets less liabilities - 0.6%				456,598

Net Assets - 100.0%				76,119,086

Percentages shown are based on Net Assets.

Abbreviations


FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
UMBS		Uniform Mortgage-Backed Securities


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 96.0%

Aerospace & Defense - 1.1%
General Dynamics Corp.
1.15%, 6/1/2026		250,000		231,810
3.50%, 4/1/2027		50,000		48,654
HEICO Corp.
5.25%, 8/1/2028		200,000		203,659
5.35%, 8/1/2033		200,000		203,255
Hexcel Corp.
4.20%, 2/15/2027(a)		50,000		48,019
Howmet Aerospace, Inc.
6.88%, 5/1/2025		300,000		304,923
3.00%, 1/15/2029		350,000		316,806
Huntington Ingalls Industries, Inc.
3.84%, 5/1/2025		150,000		147,272
2.04%, 8/16/2028		250,000		220,494
4.20%, 5/1/2030		200,000		191,117
L3Harris Technologies, Inc.
4.40%, 6/15/2028		100,000		98,706
Leidos, Inc.
4.38%, 5/15/2030		252,000		241,511
2.30%, 2/15/2031		150,000		125,031
5.75%, 3/15/2033		130,000		134,161
Lockheed Martin Corp.
3.55%, 1/15/2026		152,000		149,304
4.45%, 5/15/2028		60,000		60,091
3.90%, 6/15/2032		140,000		133,823
Precision Castparts Corp.
3.25%, 6/15/2025		200,000		196,265
Textron, Inc.
3.88%, 3/1/2025		75,000		73,931
3.65%, 3/15/2027		75,000		72,260
3.90%, 9/17/2029		200,000		190,732
6.10%, 11/15/2033		100,000		106,620

				3,498,444

Air Freight & Logistics - 0.1%
CH Robinson Worldwide, Inc.
4.20%, 4/15/2028		212,000		207,139

Automobile Components - 0.0%(b)
Lear Corp. 4.25%, 5/15/2029		150,000		144,840

Banks - 23.0%
Banco Bilbao Vizcaya Argentaria SA
5.86%, 9/14/2026(c)		200,000		201,193
6.14%, 9/14/2028(c)		400,000		409,330
7.88%, 11/15/2034(c)		200,000		216,833
Banco Santander SA
3.50%, 3/24/2025		110,000		107,743
5.18%, 11/19/2025		481,000		478,023
1.85%, 3/25/2026		110,000		102,587


Investments	Principal Amount ($)		Value ($)
1.72%, 9/14/2027(c)		202,000		183,206
2.75%, 12/3/2030		200,000		165,108
6.92%, 8/8/2033		200,000		211,251
Bank of America Corp.
Series L, 3.95%, 4/21/2025		250,000		245,984
3.38%, 4/2/2026(c)		750,000		733,111
1.32%, 6/19/2026(c)		250,000		236,562
4.83%, 7/22/2026(c)		450,000		447,621
1.20%, 10/24/2026(c)		250,000		233,172
5.08%, 1/20/2027(c)		250,000		250,040
Series N, 1.66%, 3/11/2027(c)		50,000		46,533
3.56%, 4/23/2027(c)		361,000		348,862
1.73%, 7/22/2027(c)		1,124,000		1,036,026
5.93%, 9/15/2027(c)		250,000		255,368
3.82%, 1/20/2028(c)		200,000		193,919
2.55%, 2/4/2028(c)		200,000		186,246
3.71%, 4/24/2028(c)		250,000		240,293
4.38%, 4/27/2028(c)		250,000		245,110
3.59%, 7/21/2028(c)		201,000		191,771
3.42%, 12/20/2028(c)		300,000		283,395
3.97%, 3/5/2029(c)		250,000		240,388
5.20%, 4/25/2029(c)		230,000		231,881
2.09%, 6/14/2029(c)		230,000		203,851
4.27%, 7/23/2029(c)		250,000		242,242
5.82%, 9/15/2029(c)		100,000		103,391
3.97%, 2/7/2030(c)		900,000		858,719
3.19%, 7/23/2030(c)		200,000		182,471
2.69%, 4/22/2032(c)		184,000		156,201
2.97%, 2/4/2033(c)		111,000		94,695
4.57%, 4/27/2033(c)		221,000		211,467
5.29%, 4/25/2034(c)		331,000		333,034
2.48%, 9/21/2036(c)		500,000		401,271
3.85%, 3/8/2037(c)		700,000		621,805
Bank of America NA
5.65%, 8/18/2025		250,000		253,025
Bank of Montreal
5.30%, 6/5/2026		400,000		404,122
3.80%, 12/15/2032(c)		495,000		459,754
3.09%, 1/10/2037(c)		350,000		283,992
Bank of Nova Scotia (The)
4.50%, 12/16/2025		400,000		394,128
2.95%, 3/11/2027		100,000		94,907
4.59%, 5/4/2037(c)		500,000		453,862
Series 2, 3.63%, 10/27/2081(c)		200,000		155,346
8.63%, 10/27/2082(c)		250,000		258,663
Bank OZK
2.75%, 10/1/2031(c)		201,000		168,883
BankUnited, Inc.
4.88%, 11/17/2025		200,000		196,659
5.13%, 6/11/2030		80,000		74,551
Barclays plc
5.20%, 5/12/2026		172,000		171,123


Investments	Principal Amount ($)		Value ($)
5.30%, 8/9/2026(c)		213,000		212,826
4.84%, 5/9/2028		273,000		265,698
5.09%, 6/20/2030(c)		400,000		384,909
7.44%, 11/2/2033(c)		200,000		222,919
7.12%, 6/27/2034(c)		450,000		475,350
3.56%, 9/23/2035(c)		400,000		342,874
Canadian Imperial Bank of Commerce
6.09%, 10/3/2033		200,000		212,370
Citigroup, Inc.
3.88%, 3/26/2025		200,000		196,967
4.40%, 6/10/2025		600,000		593,123
5.50%, 9/13/2025		200,000		201,282
4.60%, 3/9/2026		484,000		480,178
3.11%, 4/8/2026(c)		300,000		292,474
5.61%, 9/29/2026(c)		250,000		251,924
3.20%, 10/21/2026		403,000		385,515
4.30%, 11/20/2026		350,000		344,503
1.46%, 6/9/2027(c)		400,000		367,599
4.45%, 9/29/2027		1,460,000		1,431,367
3.89%, 1/10/2028(c)		650,000		631,216
3.07%, 2/24/2028(c)		300,000		283,637
3.67%, 7/24/2028(c)		100,000		95,673
4.13%, 7/25/2028		454,000		439,752
4.08%, 4/23/2029(c)		252,000		243,420
3.98%, 3/20/2030(c)		757,000		721,442
4.41%, 3/31/2031(c)		400,000		384,896
2.57%, 6/3/2031(c)		100,000		86,135
2.56%, 5/1/2032(c)		200,000		167,477
6.63%, 6/15/2032		150,000		163,590
3.06%, 1/25/2033(c)		150,000		128,487
3.79%, 3/17/2033(c)		50,000		45,110
4.91%, 5/24/2033(c)		50,000		48,985
6.27%, 11/17/2033(c)		253,000		271,523
6.17%, 5/25/2034(c)		1,200,000		1,244,702
Citizens Bank NA
2.25%, 4/28/2025		400,000		384,376
3.75%, 2/18/2026		125,000		120,428
4.58%, 8/9/2028(c)		500,000		482,572
Citizens Financial Group, Inc.
2.85%, 7/27/2026		60,000		56,326
5.64%, 5/21/2037(c)		250,000		236,598
Comerica Bank
5.33%, 8/25/2033(c)		250,000		229,831
Comerica, Inc.
4.00%, 2/1/2029		183,000		167,998
Commonwealth Bank of Australia
5.32%, 3/13/2026		250,000		253,189
Cooperatieve Rabobank UA
3.38%, 5/21/2025		250,000		245,601
Discover Bank
4.25%, 3/13/2026		250,000		243,987
3.45%, 7/27/2026		252,000		239,594
4.65%, 9/13/2028		327,000		313,284
2.70%, 2/6/2030		303,000		259,175
Fifth Third Bancorp
1.71%, 11/1/2027(c)		150,000		135,887
6.36%, 10/27/2028(c)		505,000		521,463


Investments	Principal Amount ($)		Value ($)
6.34%, 7/27/2029(c)		200,000		208,222
4.77%, 7/28/2030(c)		306,000		297,926
Fifth Third Bank NA
3.85%, 3/15/2026		243,000		235,993
First Citizens BancShares, Inc.
3.38%, 3/15/2030(c)		200,000		190,520
First Horizon Bank
5.75%, 5/1/2030		250,000		242,155
HSBC Holdings plc
4.25%, 8/18/2025		300,000		295,574
4.30%, 3/8/2026		400,000		393,963
3.90%, 5/25/2026		200,000		194,832
2.10%, 6/4/2026(c)		400,000		382,489
4.29%, 9/12/2026(c)		350,000		343,924
4.38%, 11/23/2026		640,000		627,098
1.59%, 5/24/2027(c)		250,000		229,980
5.89%, 8/14/2027(c)		250,000		253,557
2.25%, 11/22/2027(c)		700,000		644,964
4.04%, 3/13/2028(c)		414,000		399,980
4.76%, 6/9/2028(c)		280,000		276,318
5.21%, 8/11/2028(c)		250,000		249,768
7.39%, 11/3/2028(c)		283,000		303,875
6.16%, 3/9/2029(c)		250,000		258,425
4.58%, 6/19/2029(c)		620,000		602,508
2.21%, 8/17/2029(c)		400,000		350,053
3.97%, 5/22/2030(c)		1,128,000		1,056,220
2.36%, 8/18/2031(c)		250,000		208,874
7.63%, 5/17/2032		200,000		223,159
2.80%, 5/24/2032(c)		202,000		169,696
2.87%, 11/22/2032(c)		450,000		375,839
4.76%, 3/29/2033(c)		402,000		373,992
5.40%, 8/11/2033(c)		202,000		202,698
8.11%, 11/3/2033(c)		200,000		229,785
6.25%, 3/9/2034(c)		300,000		318,580
6.55%, 6/20/2034(c)		600,000		625,243
7.40%, 11/13/2034(c)		250,000		273,343
Huntington Bancshares, Inc.
4.44%, 8/4/2028(c)		251,000		243,932
6.21%, 8/21/2029(c)		220,000		227,384
2.49%, 8/15/2036(c)		150,000		114,426
Huntington National Bank (The)
4.55%, 5/17/2028(c)		250,000		243,334
5.65%, 1/10/2030		344,000		348,826
ING Groep NV
1.73%, 4/1/2027(c)		112,000		104,031
6.08%, 9/11/2027(c)		400,000		408,203
4.02%, 3/28/2028(c)		200,000		194,119
6.11%, 9/11/2034(c)		200,000		209,954
JPMorgan Chase & Co.
3.90%, 7/15/2025		100,000		98,723
2.01%, 3/13/2026(c)		410,000		394,758
2.08%, 4/22/2026(c)		1,100,000		1,057,814
4.08%, 4/26/2026(c)		150,000		147,794
1.05%, 11/19/2026(c)		140,000		130,171
4.13%, 12/15/2026		250,000		246,386
3.96%, 1/29/2027(c)		200,000		196,372
1.04%, 2/4/2027(c)		100,000		92,323


Investments	Principal Amount ($)		Value ($)
1.58%, 4/22/2027(c)		1,182,000		1,097,122
1.47%, 9/22/2027(c)		350,000		319,477
6.07%, 10/22/2027(c)		250,000		257,520
3.78%, 2/1/2028(c)		250,000		242,037
4.32%, 4/26/2028(c)		250,000		245,967
2.18%, 6/1/2028(c)		271,000		248,721
3.51%, 1/23/2029(c)		220,000		209,121
4.01%, 4/23/2029(c)		402,000		388,598
2.07%, 6/1/2029(c)		150,000		133,642
4.20%, 7/23/2029(c)		253,000		246,239
5.30%, 7/24/2029(c)		100,000		101,636
6.09%, 10/23/2029(c)		100,000		105,016
4.45%, 12/5/2029(c)		353,000		346,549
3.70%, 5/6/2030(c)		290,000		273,919
4.57%, 6/14/2030(c)		250,000		246,049
8.75%, 9/1/2030		60,000		72,019
2.52%, 4/22/2031(c)		200,000		173,902
2.96%, 5/13/2031(c)		750,000		661,947
1.95%, 2/4/2032(c)		100,000		81,628
2.58%, 4/22/2032(c)		160,000		135,558
2.55%, 11/8/2032(c)		135,000		113,207
2.96%, 1/25/2033(c)		200,000		172,105
4.59%, 4/26/2033(c)		163,000		157,435
4.91%, 7/25/2033(c)		200,000		197,428
5.72%, 9/14/2033(c)		600,000		618,330
5.35%, 6/1/2034(c)		250,000		254,173
6.25%, 10/23/2034(c)		300,000		325,119
KeyBank NA
4.15%, 8/8/2025		403,000		394,062
4.70%, 1/26/2026		250,000		245,032
3.40%, 5/20/2026		255,000		240,824
5.85%, 11/15/2027		255,000		255,635
KeyCorp
2.25%, 4/6/2027		303,000		273,916
4.10%, 4/30/2028		352,000		335,612
Lloyds Banking Group plc
2.44%, 2/5/2026(c)		300,000		290,617
3.51%, 3/18/2026(c)		402,000		392,910
4.72%, 8/11/2026(c)		450,000		445,442
1.63%, 5/11/2027(c)		275,000		253,118
5.99%, 8/7/2027(c)		600,000		608,788
3.75%, 3/18/2028(c)		300,000		286,942
3.57%, 11/7/2028(c)		200,000		188,185
5.87%, 3/6/2029(c)		200,000		204,485
M&T Bank Corp.
4.55%, 8/16/2028(c)		121,000		116,806
7.41%, 10/30/2029(c)		150,000		161,606
5.05%, 1/27/2034(c)		250,000		235,820
Manufacturers & Traders Trust Co.
2.90%, 2/6/2025		300,000		292,020
5.40%, 11/21/2025		250,000		249,463
4.65%, 1/27/2026		505,000		498,283
3.40%, 8/17/2027		303,000		282,167
4.70%, 1/27/2028		502,000		492,030
Mitsubishi UFJ Financial Group, Inc.
2.19%, 2/25/2025		200,000		193,864
3.85%, 3/1/2026		252,000		246,900


Investments	Principal Amount ($)		Value ($)
2.34%, 1/19/2028(c)		200,000		185,604
2.31%, 7/20/2032(c)		200,000		166,149
5.44%, 2/22/2034(c)(d)		200,000		205,448
Mizuho Financial Group, Inc.
1.55%, 7/9/2027(c)		60,000		55,052
4.02%, 3/5/2028		83,000		80,528
2.56%, 9/13/2031		250,000		204,121
5.75%, 5/27/2034(c)		200,000		206,878
Morgan Stanley Bank NA
5.88%, 10/30/2026		250,000		257,065
NatWest Group plc
4.80%, 4/5/2026		82,000		81,527
7.47%, 11/10/2026(c)		250,000		259,039
5.08%, 1/27/2030(c)		443,000		437,821
4.45%, 5/8/2030(c)		635,000		610,332
3.03%, 11/28/2035(c)		300,000		252,153
PNC Bank NA
4.05%, 7/26/2028		200,000		192,660
PNC Financial Services Group, Inc. (The)
1.15%, 8/13/2026		100,000		91,411
3.45%, 4/23/2029		150,000		140,671
4.63%, 6/6/2033(c)		50,000		46,973
Regions Financial Corp.
2.25%, 5/18/2025		342,000		328,403
1.80%, 8/12/2028		160,000		138,057
Royal Bank of Canada
4.95%, 4/25/2025		250,000		250,374
4.65%, 1/27/2026		493,000		490,372
Santander Holdings USA, Inc.
3.45%, 6/2/2025		40,000		38,897
4.50%, 7/17/2025		72,000		70,909
3.24%, 10/5/2026		200,000		188,601
2.49%, 1/6/2028(c)		150,000		137,135
6.57%, 6/12/2029(c)		100,000		103,697
Santander UK Group Holdings plc
1.67%, 6/14/2027(c)		200,000		182,770
3.82%, 11/3/2028(c)		152,000		143,168
Sumitomo Mitsui Financial Group, Inc.
1.40%, 9/17/2026		172,000		157,358
3.04%, 7/16/2029		140,000		127,449
2.72%, 9/27/2029		42,000		37,277
5.77%, 1/13/2033		200,000		209,778
Synovus Bank
5.63%, 2/15/2028		250,000		245,310
Toronto-Dominion Bank (The)
1.20%, 6/3/2026		75,000		69,134
5.53%, 7/17/2026		200,000		203,592
3.63%, 9/15/2031(c)		505,000		485,958
2.45%, 1/12/2032		100,000		83,375
3.20%, 3/10/2032		100,000		88,137
8.13%, 10/31/2082(c)		705,000		732,234
Truist Bank
3.63%, 9/16/2025		202,000		196,499
3.30%, 5/15/2026		230,000		220,443
3.80%, 10/30/2026		360,000		346,013
US Bancorp
1.45%, 5/12/2025		100,000		95,695


Investments	Principal Amount ($)		Value ($)
4.55%, 7/22/2028(c)		250,000		246,689
4.97%, 7/22/2033(c)		101,000		95,914
2.49%, 11/3/2036(c)		100,000		78,452
Wachovia Corp.
7.57%, 8/1/2026(a)		200,000		210,817
Webster Financial Corp.
4.10%, 3/25/2029		100,000		94,415
Wells Fargo & Co.
2.19%, 4/30/2026(c)		400,000		384,816
4.10%, 6/3/2026		862,000		845,684
4.54%, 8/15/2026(c)		50,000		49,497
3.20%, 6/17/2027(c)(d)		300,000		287,626
5.57%, 7/25/2029(c)		250,000		255,504
6.30%, 10/23/2029(c)		250,000		263,487
Series B, 7.95%, 11/15/2029		100,000		112,447
3.35%, 3/2/2033(c)		200,000		175,548
4.90%, 7/25/2033(c)(d)		200,000		195,453
5.39%, 4/24/2034(c)		200,000		201,798
5.56%, 7/25/2034(c)		320,000		326,702
Westpac Banking Corp.
2.85%, 5/13/2026		100,000		96,331
1.15%, 6/3/2026		250,000		230,960
5.46%, 11/18/2027		200,000		206,055
2.89%, 2/4/2030(c)		500,000		485,049
4.32%, 11/23/2031(c)		454,000		439,933
5.41%, 8/10/2033(c)		300,000		298,117
6.82%, 11/17/2033		250,000		272,630
4.11%, 7/24/2034(c)		404,000		375,214
2.67%, 11/15/2035(c)		400,000		332,129
3.02%, 11/18/2036(c)		500,000		413,689
Wintrust Financial Corp.
4.85%, 6/6/2029		100,000		92,714
Zions Bancorp NA
3.25%, 10/29/2029		252,000		209,935

				76,236,716

Beverages - 0.9%
Brown-Forman Corp.
4.75%, 4/15/2033		130,000		131,532
Coca-Cola Co. (The)
3.38%, 3/25/2027		250,000		243,700
3.45%, 3/25/2030		303,000		288,089
1.65%, 6/1/2030		400,000		340,346
2.00%, 3/5/2031		200,000		171,538
1.38%, 3/15/2031		350,000		285,766
Constellation Brands, Inc.
4.40%, 11/15/2025		200,000		197,975
3.60%, 2/15/2028		200,000		191,849
2.88%, 5/1/2030		200,000		178,755
2.25%, 8/1/2031		100,000		83,435
PepsiCo, Inc.
2.63%, 3/19/2027		250,000		237,348
7.00%, 3/1/2029		100,000		111,929
2.75%, 3/19/2030		353,000		320,917
3.90%, 7/18/2032		150,000		144,159

				2,927,338


Investments	Principal Amount ($)		Value ($)
Biotechnology - 1.1%
AbbVie, Inc.
3.80%, 3/15/2025		400,000		394,835
3.60%, 5/14/2025		750,000		737,629
2.95%, 11/21/2026		601,000		576,008
3.20%, 11/21/2029		667,000		621,708
Biogen, Inc.
4.05%, 9/15/2025		352,000		346,647
2.25%, 5/1/2030		250,000		213,104
Gilead Sciences, Inc.
3.65%, 3/1/2026		500,000		488,880
Regeneron Pharmaceuticals, Inc.
1.75%, 9/15/2030		365,000		301,515

				3,680,326

Building Products - 0.8%
Allegion plc
3.50%, 10/1/2029		152,000		141,212
Carlisle Cos., Inc.
3.75%, 12/1/2027		200,000		192,042
2.75%, 3/1/2030		200,000		176,142
2.20%, 3/1/2032		100,000		81,540
Carrier Global Corp.
2.24%, 2/15/2025		100,000		96,933
2.49%, 2/15/2027		100,000		93,806
Lennox International, Inc.
1.35%, 8/1/2025		201,000		189,979
5.50%, 9/15/2028		100,000		102,480
Masco Corp.
3.50%, 11/15/2027		50,000		47,580
1.50%, 2/15/2028		201,000		177,301
2.00%, 10/1/2030		250,000		207,234
Owens Corning
3.40%, 8/15/2026		250,000		241,233
3.95%, 8/15/2029		143,000		136,526
Trane Technologies Financing Ltd.
3.50%, 3/21/2026		202,000		196,878
3.80%, 3/21/2029		202,000		195,248
5.25%, 3/3/2033		130,000		134,326
Trane Technologies Global Holding Co. Ltd.
3.75%, 8/21/2028		100,000		97,055

				2,507,515

Capital Markets - 5.3%
Affiliated Managers Group, Inc.
3.50%, 8/1/2025		120,000		116,932
3.30%, 6/15/2030		100,000		89,632
Ameriprise Financial, Inc.
3.00%, 4/2/2025		150,000		146,617
5.15%, 5/15/2033		100,000		102,350
Ares Capital Corp.
3.88%, 1/15/2026		150,000		144,218
2.15%, 7/15/2026		50,000		45,643
Bain Capital Specialty Finance, Inc.
2.55%, 10/13/2026		227,000		206,011
Bank of New York Mellon Corp. (The)
3.35%, 4/25/2025		250,000		245,138
4.95%, 4/26/2027(c)		250,000		250,432
5.83%, 10/25/2033(c)		250,000		264,522


Investments	Principal Amount ($)		Value ($)
BGC Group, Inc.
8.00%, 5/25/2028		100,000		105,782
BlackRock, Inc.
3.25%, 4/30/2029		200,000		190,177
4.75%, 5/25/2033		100,000		100,138
Blackstone Private Credit Fund
4.70%, 3/24/2025		300,000		296,332
7.05%, 9/29/2025		250,000		254,459
2.63%, 12/15/2026		452,000		410,378
3.25%, 3/15/2027		400,000		367,683
4.00%, 1/15/2029		275,000		252,855
Blackstone Secured Lending Fund
3.63%, 1/15/2026		260,000		249,193
2.75%, 9/16/2026		252,000		232,327
2.13%, 2/15/2027		252,000		226,876
2.85%, 9/30/2028		350,000		307,266
Blue Owl Capital Corp.
3.40%, 7/15/2026		250,000		234,081
2.63%, 1/15/2027		250,000		227,184
5.95%, 3/15/2029		250,000		248,228
Blue Owl Credit Income Corp.
5.50%, 3/21/2025		250,000		247,541
4.70%, 2/8/2027		100,000		95,637
7.75%, 9/16/2027		200,000		207,284
7.95%, 6/13/2028(e)		250,000		262,210
Blue Owl Technology Finance Corp.
2.50%, 1/15/2027		105,000		92,333
Brookfield Finance, Inc.
4.85%, 3/29/2029		100,000		99,674
Cboe Global Markets, Inc.
3.65%, 1/12/2027		151,000		147,674
1.63%, 12/15/2030		151,000		123,977
Charles Schwab Corp. (The)
6.20%, 11/17/2029(c)		25,000		26,147
CI Financial Corp.
3.20%, 12/17/2030		100,000		80,577
Credit Suisse AG
1.25%, 8/7/2026		154,000		140,490
Deutsche Bank AG
4.50%, 4/1/2025		603,000		593,444
6.12%, 7/14/2026(c)		250,000		251,800
2.13%, 11/24/2026(c)		100,000		94,145
2.31%, 11/16/2027(c)		150,000		137,256
5.88%, 7/8/2031(c)		200,000		195,479
3.55%, 9/18/2031(c)		200,000		176,072
3.73%, 1/14/2032(c)		350,000		293,840
4.88%, 12/1/2032(c)		303,000		285,822
3.74%, 1/7/2033(c)		350,000		286,502
7.08%, 2/10/2034(c)		500,000		510,238
FactSet Research Systems, Inc.
2.90%, 3/1/2027		150,000		141,591
3.45%, 3/1/2032		250,000		222,988
Goldman Sachs Group, Inc. (The)
5.80%, 8/10/2026(c)		100,000		100,940
3.50%, 11/16/2026		100,000		96,653
Series VAR, 1.09%, 12/9/2026(c)		100,000		92,822


Investments	Principal Amount ($)		Value ($)
3.85%, 1/26/2027		100,000		97,541
1.43%, 3/9/2027(c)		151,000		139,743
2.64%, 2/24/2028(c)		100,000		93,169
3.62%, 3/15/2028(c)		150,000		143,847
3.69%, 6/5/2028(c)		100,000		96,055
3.81%, 4/23/2029(c)		100,000		95,223
2.38%, 7/21/2032(c)		101,000		83,279
2.65%, 10/21/2032(c)		100,000		83,654
3.10%, 2/24/2033(c)		150,000		129,143
Jefferies Financial Group, Inc.
2.63%, 10/15/2031		100,000		83,122
Moody’s Corp.
3.75%, 3/24/2025		250,000		246,699
3.25%, 1/15/2028		140,000		133,774
4.25%, 2/1/2029		252,000		248,923
2.00%, 8/19/2031		200,000		164,916
Morgan Stanley
4.00%, 7/23/2025		50,000		49,361
3.88%, 1/27/2026		100,000		98,173
3.13%, 7/27/2026		105,000		100,761
3.63%, 1/20/2027		100,000		97,245
5.05%, 1/28/2027(c)(d)		100,000		100,290
1.59%, 5/4/2027(c)		250,000		231,523
1.51%, 7/20/2027(c)		123,000		112,889
2.48%, 1/21/2028(c)		80,000		74,569
4.21%, 4/20/2028(c)		100,000		97,674
3.59%, 7/22/2028		250,000		238,969
6.30%, 10/18/2028(c)		100,000		104,568
3.77%, 1/24/2029(c)		100,000		95,624
5.12%, 2/1/2029(c)		100,000		100,366
5.45%, 7/20/2029(c)		100,000		101,778
6.41%, 11/1/2029(c)		100,000		105,978
4.43%, 1/23/2030(c)		113,000		110,129
2.70%, 1/22/2031(c)		150,000		131,797
1.79%, 2/13/2032(c)		100,000		80,280
1.93%, 4/28/2032(c)		100,000		80,676
2.24%, 7/21/2032(c)		100,000		81,990
2.51%, 10/20/2032(c)		100,000		83,287
4.89%, 7/20/2033(c)		100,000		97,894
6.34%, 10/18/2033(c)		153,000		165,089
5.42%, 7/21/2034(c)		100,000		101,295
6.63%, 11/1/2034(c)(d)		50,000		55,347
5.47%, 1/18/2035(c)		250,000		255,125
Nasdaq, Inc.
1.65%, 1/15/2031		101,000		81,891
Nomura Holdings, Inc.
6.07%, 7/12/2028		200,000		207,064
2.68%, 7/16/2030		200,000		171,282
S&P Global, Inc.
2.45%, 3/1/2027		550,000		517,706
2.70%, 3/1/2029		252,000		231,904
4.25%, 5/1/2029		200,000		197,743
2.50%, 12/1/2029		250,000		223,851
1.25%, 8/15/2030		200,000		162,800
2.90%, 3/1/2032		300,000		264,265
5.25%, 9/15/2033(e)		200,000		206,806


Investments	Principal Amount ($)		Value ($)
Stifel Financial Corp.
4.00%, 5/15/2030		101,000		92,983
UBS AG
5.65%, 9/11/2028		200,000		206,725

				17,674,375

Chemicals - 0.6%
Celanese US Holdings LLC
6.33%, 7/15/2029		150,000		156,316
Dow Chemical Co. (The)
7.38%, 11/1/2029		202,000		227,149
FMC Corp.
3.20%, 10/1/2026		151,000		143,461
Huntsman International LLC
4.50%, 5/1/2029		100,000		96,109
Linde, Inc.
3.20%, 1/30/2026		200,000		194,831
LYB International Finance II BV
3.50%, 3/2/2027		100,000		96,422
LYB International Finance III LLC
1.25%, 10/1/2025		350,000		328,387
NewMarket Corp.
2.70%, 3/18/2031		100,000		84,740
RPM International, Inc.
4.55%, 3/1/2029		100,000		97,975
2.95%, 1/15/2032		100,000		85,774
Sherwin-Williams Co. (The)
3.45%, 8/1/2025		100,000		97,699
4.25%, 8/8/2025		250,000		247,468
2.95%, 8/15/2029		101,000		92,370

				1,948,701

Commercial Services & Supplies - 0.9%
Cintas Corp. No.
2 3.45%, 5/1/2025		250,000		245,471
3.70%, 4/1/2027		300,000		293,538
4.00%, 5/1/2032		265,000		254,020
RELX Capital, Inc.
4.00%, 3/18/2029		352,000		342,844
3.00%, 5/22/2030		202,000		184,024
4.75%, 5/20/2032		100,000		100,417
Republic Services, Inc.
2.90%, 7/1/2026		250,000		240,276
3.38%, 11/15/2027		200,000		192,267
3.95%, 5/15/2028		151,000		147,863
4.88%, 4/1/2029		100,000		101,257
2.30%, 3/1/2030		200,000		175,086
5.00%, 12/15/2033		100,000		100,922
Veralto Corp.
5.50%, 9/18/2026(e)		200,000		202,835
Waste Management, Inc.
4.88%, 2/15/2029		150,000		152,694
4.63%, 2/15/2030		151,000		151,752
4.15%, 4/15/2032		75,000		72,248
4.63%, 2/15/2033		100,000		99,284

				3,056,798

Communications Equipment - 0.6%
Cisco Systems, Inc.
2.50%, 9/20/2026		200,000		191,017


Investments	Principal Amount ($)		Value ($)
Juniper Networks, Inc.
1.20%, 12/10/2025		150,000		139,766
3.75%, 8/15/2029		151,000		142,647
2.00%, 12/10/2030		100,000		81,884
Motorola Solutions, Inc.
7.50%, 5/15/2025		100,000		102,940
4.60%, 2/23/2028		201,000		200,057
4.60%, 5/23/2029		303,000		300,557
2.30%, 11/15/2030		252,000		212,472
2.75%, 5/24/2031		400,000		340,831
5.60%, 6/1/2032		150,000		154,202
Nokia OYJ
4.38%, 6/12/2027		175,000		168,400

				2,034,773

Construction Materials - 0.1%
Eagle Materials, Inc.
2.50%, 7/1/2031		250,000		211,325
Martin Marietta Materials, Inc.
Series CB, 2.50%, 3/15/2030		250,000		220,848
Vulcan Materials Co.
3.50%, 6/1/2030		25,000		23,203

				455,376

Consumer Finance - 1.5%
AerCap Ireland Capital DAC
6.50%, 7/15/2025		250,000		253,518
3.00%, 10/29/2028		200,000		181,461
3.30%, 1/30/2032		150,000		128,568
5.30%, 1/19/2034		150,000		147,312
American Express Co.
2.25%, 3/4/2025		252,000		244,217
4.99%, 5/1/2026(c)		250,000		249,767
6.34%, 10/30/2026(c)		375,000		382,697
2.55%, 3/4/2027		100,000		93,768
3.30%, 5/3/2027		200,000		191,444
5.39%, 7/28/2027(c)		325,000		328,486
6.49%, 10/30/2031(c)		250,000		270,843
4.99%, 5/26/2033(c)		76,000		75,236
4.42%, 8/3/2033(c)		250,000		240,256
5.04%, 5/1/2034(c)		200,000		200,098
5.63%, 7/28/2034(c)		100,000		102,710
Capital One Financial Corp.
4.99%, 7/24/2026(c)		250,000		248,542
5.82%, 2/1/2034(c)		50,000		49,943
Discover Financial Services
3.75%, 3/4/2025		250,000		244,954
Synchrony Financial
4.88%, 6/13/2025		181,000		178,474
4.50%, 7/23/2025		373,000		365,529
3.70%, 8/4/2026		170,000		161,339
3.95%, 12/1/2027		300,000		281,639
5.15%, 3/19/2029		202,000		195,677
2.88%, 10/28/2031		300,000		238,652

				5,055,130

Consumer Staples Distribution & Retail - 1.0%
Costco Wholesale Corp.
1.38%, 6/20/2027		250,000		227,064


Investments	Principal Amount ($)		Value ($)
1.60%, 4/20/2030		650,000		551,879
1.75%, 4/20/2032		320,000		261,825
Kroger Co. (The)
2.65%, 10/15/2026		250,000		236,425
Series B, 7.70%, 6/1/2029		100,000		112,809
7.50%, 4/1/2031		150,000		171,684
Sysco Corp.
3.75%, 10/1/2025		250,000		245,206
3.30%, 7/15/2026		325,000		315,476
3.25%, 7/15/2027		200,000		190,905
2.40%, 2/15/2030		250,000		219,798
5.95%, 4/1/2030		450,000		478,251
2.45%, 12/14/2031		100,000		84,878
Walmart, Inc.
4.10%, 4/15/2033		200,000		195,537

				3,291,737

Containers & Packaging - 0.4%
Amcor Finance USA, Inc.
3.63%, 4/28/2026		250,000		241,938
4.50%, 5/15/2028		112,000		110,127
Amcor Flexibles North America, Inc.
2.63%, 6/19/2030		100,000		86,724
2.69%, 5/25/2031		100,000		86,089
AptarGroup, Inc.
3.60%, 3/15/2032		100,000		89,837
Avery Dennison Corp.
4.88%, 12/6/2028		151,000		152,441
2.65%, 4/30/2030		100,000		88,605
5.75%, 3/15/2033		100,000		105,880
Packaging Corp. of America
3.00%, 12/15/2029		278,000		252,518

				1,214,159

Distributors - 0.2%
Genuine Parts Co.
1.75%, 2/1/2025		251,000		242,541
1.88%, 11/1/2030		100,000		81,807
2.75%, 2/1/2032		200,000		167,908
6.88%, 11/1/2033		100,000		112,047

				604,303

Diversified REITs - 1.3%
Broadstone Net Lease LLC
REIT, 2.60%, 9/15/2031		150,000		117,933
GLP Capital LP
REIT, 5.25%, 6/1/2025		300,000		298,653
REIT, 5.38%, 4/15/2026		403,000		401,632
REIT, 5.75%, 6/1/2028		300,000		302,040
REIT, 5.30%, 1/15/2029		250,000		246,300
REIT, 4.00%, 1/15/2030		200,000		182,240
REIT, 4.00%, 1/15/2031		250,000		222,423
REIT, 3.25%, 1/15/2032		250,000		210,253
REIT, 6.75%, 12/1/2033		150,000		159,644
Rayonier LP
REIT, 2.75%, 5/17/2031		100,000		82,911
STORE Capital Corp.
REIT, 4.50%, 3/15/2028		125,000		117,603
REIT, 4.63%, 3/15/2029		141,000		132,261


Investments	Principal Amount ($)		Value ($)
VICI Properties LP
REIT, 4.38%, 5/15/2025		50,000		49,149
REIT, 4.75%, 2/15/2028		505,000		494,475
REIT, 4.95%, 2/15/2030		303,000		293,740
REIT, 5.13%, 5/15/2032		600,000		573,377
WP Carey, Inc.
REIT, 4.00%, 2/1/2025		151,000		148,736
REIT, 3.85%, 7/15/2029		50,000		47,036
REIT, 2.40%, 2/1/2031		100,000		84,071

				4,164,477

Diversified Telecommunication Services - 0.2%
Deutsche Telekom International Finance BV
8.75%, 6/15/2030(a)		250,000		297,784
Koninklijke KPN NV
8.38%, 10/1/2030		151,000		179,611
Orange SA
9.00%, 3/1/2031(a)		100,000		123,400
Sprint Capital Corp.
8.75%, 3/15/2032		92,000		112,770

				713,565

Electric Utilities - 1.4%
American Electric Power Co., Inc.
3.88%, 2/15/2062(c)		201,000		176,730
Arizona Public Service Co.
5.55%, 8/1/2033		100,000		103,329
Avangrid, Inc.
3.20%, 4/15/2025		251,000		244,388
3.80%, 6/1/2029		150,000		141,121
Duke Energy Corp.
3.25%, 1/15/2082(c)		101,000		82,470
Georgia Power Co.
4.95%, 5/17/2033		200,000		200,065
Interstate Power and Light Co.
3.40%, 8/15/2025		100,000		97,608
2.30%, 6/1/2030		100,000		85,497
MidAmerican Energy Co.
3.65%, 4/15/2029		303,000		290,182
6.75%, 12/30/2031		150,000		171,001
Nevada Power Co.
Series CC, 3.70%, 5/1/2029		252,000		241,092
Series DD, 2.40%, 5/1/2030		200,000		173,627
NextEra Energy Capital Holdings, Inc.
4.80%, 12/1/2077(c)		61,000		54,427
5.65%, 5/1/2079(c)		97,000		93,424
3.80%, 3/15/2082(c)		110,000		96,223
Oklahoma Gas and Electric Co.
3.25%, 4/1/2030		200,000		181,993
Oncor Electric Delivery Co. LLC
4.30%, 5/15/2028		250,000		246,787
4.55%, 9/15/2032		100,000		98,616
PacifiCorp
3.50%, 6/15/2029		150,000		140,439
PPL Capital Funding, Inc.
4.13%, 4/15/2030		113,000		107,570


Investments	Principal Amount ($)		Value ($)
Sierra Pacific Power Co.
2.60%, 5/1/2026		200,000		190,731
Southern Co. (The)
3.25%, 7/1/2026		100,000		96,502
5.11%, 8/1/2027(a)		200,000		202,440
5.20%, 6/15/2033		200,000		202,390
Series B, 4.00%, 1/15/2051(c)		342,000		328,676
Series 21-A, 3.75%, 9/15/2051(c)		350,000		326,255
Wisconsin Power and Light Co.
3.95%, 9/1/2032		115,000		108,355
Xcel Energy, Inc.
3.40%, 6/1/2030		50,000		46,134
2.35%, 11/15/2031		50,000		41,162

				4,569,234

Electrical Equipment - 0.2%
Acuity Brands Lighting, Inc.
2.15%, 12/15/2030		150,000		125,462
Emerson Electric Co.
2.00%, 12/21/2028		141,000		126,159
6.00%, 8/15/2032		100,000		107,359
Hubbell, Inc.
3.35%, 3/1/2026		151,000		146,428
3.50%, 2/15/2028		200,000		191,396
Regal Rexnord Corp.
6.30%, 2/15/2030(e)		50,000		51,394

				748,198

Electronic Equipment, Instruments & Components - 1.9%
Amphenol Corp.
4.75%, 3/30/2026		250,000		250,493
4.35%, 6/1/2029		243,000		240,574
2.80%, 2/15/2030		211,000		191,008
2.20%, 9/15/2031		250,000		208,273
Arrow Electronics, Inc.
4.00%, 4/1/2025		100,000		98,313
3.88%, 1/12/2028		100,000		95,225
Avnet, Inc.
4.63%, 4/15/2026		176,000		173,555
CDW LLC
4.13%, 5/1/2025		250,000		245,816
2.67%, 12/1/2026		404,000		377,806
4.25%, 4/1/2028		202,000		193,565
3.28%, 12/1/2028		202,000		184,423
3.25%, 2/15/2029		200,000		180,813
3.57%, 12/1/2031		300,000		263,184
Flex Ltd.
3.75%, 2/1/2026		250,000		243,391
6.00%, 1/15/2028		130,000		134,074
4.88%, 6/15/2029		100,000		98,601
4.88%, 5/12/2030		62,000		60,697
Jabil, Inc.
1.70%, 4/15/2026		150,000		139,368
4.25%, 5/15/2027		100,000		97,871
3.95%, 1/12/2028		130,000		124,251
3.60%, 1/15/2030		200,000		183,331


Investments	Principal Amount ($)		Value ($)
Keysight Technologies, Inc.
4.60%, 4/6/2027		350,000		348,066
3.00%, 10/30/2029		100,000		90,329
TD SYNNEX Corp.
1.75%, 8/9/2026		200,000		182,521
2.38%, 8/9/2028		202,000		176,966
2.65%, 8/9/2031		100,000		81,070
Teledyne Technologies, Inc.
1.60%, 4/1/2026		150,000		139,703
2.25%, 4/1/2028		257,000		232,807
2.75%, 4/1/2031		300,000		259,617
Trimble, Inc.
4.90%, 6/15/2028		25,000		25,066
6.10%, 3/15/2033		50,000		52,611
Tyco Electronics Group SA
4.50%, 2/13/2026		200,000		199,260
3.70%, 2/15/2026		131,000		128,188
3.13%, 8/15/2027		100,000		95,687
2.50%, 2/4/2032		250,000		216,483
Vontier Corp.
2.40%, 4/1/2028		252,000		221,772
2.95%, 4/1/2031		200,000		166,413

				6,401,191

Energy Equipment & Services - 0.1%
Helmerich & Payne, Inc.
2.90%, 9/29/2031		100,000		84,701
Schlumberger Investment SA
4.85%, 5/15/2033		100,000		100,836

				185,537

Entertainment - 0.5%
Electronic Arts, Inc.
4.80%, 3/1/2026		50,000		50,161
1.85%, 2/15/2031		250,000		207,648
Netflix, Inc.
5.88%, 2/15/2025		250,000		251,800
4.38%, 11/15/2026		300,000		297,719
4.88%, 4/15/2028		300,000		302,086
5.88%, 11/15/2028		200,000		210,320
6.38%, 5/15/2029		250,000		269,601
Tencent Music Entertainment Group
2.00%, 9/3/2030		200,000		164,442

				1,753,777

Financial Services - 3.3%
Apollo Global Management, Inc.
6.38%, 11/15/2033		100,000		108,806
Block Financial LLC
2.50%, 7/15/2028		200,000		179,625
3.88%, 8/15/2030		150,000		137,230
Corebridge Financial, Inc.
3.50%, 4/4/2025		340,000		332,666
3.65%, 4/5/2027		250,000		240,011
3.85%, 4/5/2029		200,000		188,885
3.90%, 4/5/2032		200,000		180,162
6.05%, 9/15/2033(e)		100,000		104,705
5.75%, 1/15/2034		350,000		359,005
6.88%, 12/15/2052(c)		250,000		250,725


Investments	Principal Amount ($)		Value ($)
Equitable Holdings, Inc.
4.35%, 4/20/2028		175,000		170,259
Fiserv, Inc.
3.85%, 6/1/2025		250,000		245,964
3.20%, 7/1/2026		650,000		626,722
2.25%, 6/1/2027		250,000		231,846
5.45%, 3/2/2028		300,000		307,778
5.38%, 8/21/2028		250,000		256,328
4.20%, 10/1/2028		346,000		337,691
3.50%, 7/1/2029		1,111,000		1,042,097
2.65%, 6/1/2030		300,000		263,827
5.60%, 3/2/2033		350,000		362,809
5.63%, 8/21/2033		400,000		416,606
Global Payments, Inc.
5.30%, 8/15/2029		100,000		100,565
Mastercard, Inc.
2.00%, 3/3/2025		101,000		98,080
2.95%, 11/21/2026		50,000		48,255
3.30%, 3/26/2027		353,000		342,476
2.95%, 6/1/2029		401,000		375,249
3.35%, 3/26/2030		353,000		333,957
1.90%, 3/15/2031		250,000		213,235
2.00%, 11/18/2031		100,000		84,186
4.85%, 3/9/2033		200,000		205,368
Radian Group, Inc.
6.63%, 3/15/2025		301,000		302,345
4.88%, 3/15/2027		143,000		139,088
Synchrony Bank
5.40%, 8/22/2025		312,000		309,608
5.63%, 8/23/2027		404,000		396,716
Visa, Inc.
3.15%, 12/14/2025		432,000		422,053
1.90%, 4/15/2027		267,000		248,663
2.75%, 9/15/2027		120,000		113,913
2.05%, 4/15/2030		400,000		350,474
1.10%, 2/15/2031		250,000		201,050
Voya Financial, Inc.
4.70%, 1/23/2048(c)		101,000		85,893
Western Union Co. (The)
2.75%, 3/15/2031		150,000		124,829

				10,839,750

Food Products - 1.4%
Conagra Brands, Inc.
4.85%, 11/1/2028		100,000		99,646
Flowers Foods, Inc.
3.50%, 10/1/2026		100,000		96,674
2.40%, 3/15/2031		100,000		84,608
General Mills, Inc.
3.20%, 2/10/2027		100,000		95,883
4.20%, 4/17/2028		242,000		238,439
5.50%, 10/17/2028		100,000		103,438
2.88%, 4/15/2030		152,000		136,894
4.95%, 3/29/2033		150,000		150,149
Hershey Co. (The)
0.90%, 6/1/2025		266,000		252,474
4.25%, 5/4/2028		100,000		99,735


Investments	Principal Amount ($)		Value ($)
Ingredion, Inc.
2.90%, 6/1/2030		200,000		178,664
Kellanova
4.30%, 5/15/2028		250,000		247,277
Mead Johnson Nutrition Co.
4.13%, 11/15/2025		250,000		246,500
Mondelez International, Inc.
1.50%, 5/4/2025		250,000		239,632
2.63%, 3/17/2027		202,000		190,765
2.75%, 4/13/2030		173,000		156,109
1.50%, 2/4/2031		100,000		81,128
3.00%, 3/17/2032		200,000		176,222
Unilever Capital Corp.
3.10%, 7/30/2025		250,000		245,008
2.00%, 7/28/2026		200,000		188,972
2.90%, 5/5/2027		251,000		239,759
3.50%, 3/22/2028		252,000		243,916
4.88%, 9/8/2028		100,000		102,389
2.13%, 9/6/2029		225,000		199,291
5.90%, 11/15/2032		250,000		272,626
5.00%, 12/8/2033		150,000		153,964

				4,520,162

Gas Utilities - 0.3%
Atmos Energy Corp.
2.63%, 9/15/2029		200,000		182,364
5.90%, 11/15/2033		100,000		108,259
National Fuel Gas Co.
5.20%, 7/15/2025		151,000		150,327
5.50%, 1/15/2026		233,000		234,079
4.75%, 9/1/2028		251,000		244,810
2.95%, 3/1/2031		150,000		126,465

				1,046,304

Ground Transportation - 0.4%
Burlington Northern Santa Fe LLC
3.65%, 9/1/2025		250,000		245,894
Canadian National Railway Co.
2.75%, 3/1/2026		251,000		241,894
3.85%, 8/5/2032		200,000		188,621
CSX Corp.
3.25%, 6/1/2027		80,000		76,896
3.80%, 3/1/2028		161,000		157,416
JB Hunt Transport Services, Inc.
3.88%, 3/1/2026		250,000		244,832
Norfolk Southern Corp.
7.25%, 2/15/2031		100,000		111,707
Triton Container International Ltd.
3.25%, 3/15/2032		200,000		162,347

				1,429,607

Health Care Equipment & Supplies - 0.8%
Boston Scientific Corp.
1.90%, 6/1/2025		250,000		240,203
3.75%, 3/1/2026		250,000		243,912
2.65%, 6/1/2030		250,000		222,854
DH Europe Finance II Sarl
2.60%, 11/15/2029		152,000		137,080
Edwards Lifesciences Corp.
4.30%, 6/15/2028		350,000		345,041


Investments	Principal Amount ($)		Value ($)
Smith & Nephew plc
2.03%, 10/14/2030		50,000		41,692
Stryker Corp.
1.15%, 6/15/2025		402,000		381,805
3.38%, 11/1/2025		200,000		195,083
3.50%, 3/15/2026		330,000		322,575
1.95%, 6/15/2030		300,000		255,599
Zimmer Biomet Holdings, Inc.
3.55%, 4/1/2025		300,000		294,616

				2,680,460

Health Care Providers & Services - 2.0%
Cardinal Health, Inc.
3.75%, 9/15/2025		250,000		244,667
3.41%, 6/15/2027		404,000		386,665
Cencora, Inc.
3.25%, 3/1/2025		250,000		245,187
3.45%, 12/15/2027		261,000		250,883
2.80%, 5/15/2030		300,000		268,576
2.70%, 3/15/2031		280,000		244,044
Centene Corp.
4.63%, 12/15/2029		252,000		241,204
2.50%, 3/1/2031		100,000		83,125
Elevance Health, Inc.
5.35%, 10/15/2025		100,000		100,627
HCA, Inc.
5.38%, 2/1/2025		200,000		199,816
4.13%, 6/15/2029		150,000		143,247
Humana, Inc.
1.35%, 2/3/2027		50,000		45,188
Laboratory Corp. of America Holdings
3.60%, 2/1/2025		50,000		49,150
1.55%, 6/1/2026		252,000		233,646
2.95%, 12/1/2029		100,000		90,729
McKesson Corp.
1.30%, 8/15/2026		252,000		231,899
4.90%, 7/15/2028		150,000		152,352
5.10%, 7/15/2033		300,000		307,399
Quest Diagnostics, Inc.
3.50%, 3/30/2025		200,000		196,421
4.20%, 6/30/2029		200,000		196,041
2.95%, 6/30/2030		252,000		225,399
UnitedHealth Group, Inc.
2.95%, 10/15/2027		200,000		189,881
3.85%, 6/15/2028		150,000		146,626
3.88%, 12/15/2028		100,000		97,355
4.25%, 1/15/2029		260,000		258,156
4.00%, 5/15/2029		280,000		273,183
2.88%, 8/15/2029		100,000		92,018
5.30%, 2/15/2030		210,000		217,823
2.00%, 5/15/2030		250,000		214,787
4.20%, 5/15/2032		400,000		387,369
5.35%, 2/15/2033		356,000		372,466
4.50%, 4/15/2033		300,000		295,439

				6,681,368

Health Care REITs - 0.5%
National Health Investors, Inc.
REIT, 3.00%, 2/1/2031		100,000		79,562


Investments	Principal Amount ($)		Value ($)
Omega Healthcare Investors, Inc.
REIT, 5.25%, 1/15/2026		250,000		248,925
REIT, 4.50%, 4/1/2027		241,000		234,422
REIT, 4.75%, 1/15/2028		301,000		292,393
REIT, 3.63%, 10/1/2029		151,000		134,681
REIT, 3.38%, 2/1/2031		150,000		128,598
REIT, 3.25%, 4/15/2033		250,000		201,829
Sabra Health Care LP
REIT, 5.13%, 8/15/2026		202,000		198,978
REIT, 3.90%, 10/15/2029		151,000		136,640
REIT, 3.20%, 12/1/2031		100,000		81,703

				1,737,731

Hotel & Resort REITs - 0.3%
Host Hotels & Resorts LP
Series E, REIT, 4.00%, 6/15/2025		350,000		343,464
Series H, REIT, 3.38%, 12/15/2029		303,000		272,149
Series I, REIT, 3.50%, 9/15/2030		150,000		134,867
Series J, REIT, 2.90%, 12/15/2031		150,000		126,779

				877,259

Hotels, Restaurants & Leisure - 2.3%
Booking Holdings, Inc.
3.60%, 6/1/2026		500,000		488,574
Choice Hotels International, Inc.
3.70%, 12/1/2029		100,000		88,952
3.70%, 1/15/2031		200,000		174,199
Darden Restaurants, Inc.
3.85%, 5/1/2027		200,000		194,089
6.30%, 10/10/2033		100,000		106,465
Marriott International, Inc.
Series EE, 5.75%, 5/1/2025		282,000		284,070
5.45%, 9/15/2026		250,000		253,720
5.00%, 10/15/2027		303,000		305,914
Series X, 4.00%, 4/15/2028		352,000		341,887
5.55%, 10/15/2028		200,000		206,035
4.90%, 4/15/2029		250,000		251,535
Series FF, 4.63%, 6/15/2030		302,000		297,811
Series HH, 2.85%, 4/15/2031		300,000		260,488
Series GG, 3.50%, 10/15/2032		400,000		356,706
McDonald’s Corp.
3.38%, 5/26/2025		250,000		245,286
3.30%, 7/1/2025(d)		250,000		244,871
1.45%, 9/1/2025		200,000		189,829
3.70%, 1/30/2026		500,000		491,893
3.50%, 3/1/2027		310,000		301,835
3.50%, 7/1/2027		334,000		323,688
3.80%, 4/1/2028		356,000		347,274
4.80%, 8/14/2028		300,000		304,631
2.63%, 9/1/2029		340,000		309,639


Investments	Principal Amount ($)		Value ($)
2.13%, 3/1/2030		201,000		175,646
3.60%, 7/1/2030		400,000		378,275
4.60%, 9/9/2032		230,000		230,796
4.95%, 8/14/2033		150,000		152,782
Sands China Ltd.
5.65%, 8/8/2028(a)		200,000		196,307

				7,503,197

Household Durables - 0.7%
DR Horton, Inc.
2.60%, 10/15/2025		180,000		172,774
1.30%, 10/15/2026		300,000		273,385
Lennar Corp.
4.75%, 5/30/2025		50,000		49,699
5.25%, 6/1/2026		200,000		200,928
4.75%, 11/29/2027		350,000		349,146
Meritage Homes Corp.
5.13%, 6/6/2027		250,000		245,039
NVR, Inc.
3.00%, 5/15/2030		327,000		292,861
PulteGroup, Inc.
5.50%, 3/1/2026		216,000		218,058
5.00%, 1/15/2027		101,000		101,623
6.38%, 5/15/2033		150,000		162,165
Toll Brothers Finance Corp.
4.88%, 3/15/2027		303,000		300,616

				2,366,294

Household Products - 0.5%
Church & Dwight Co., Inc.
3.15%, 8/1/2027		100,000		95,496
2.30%, 12/15/2031		150,000		126,334
5.60%, 11/15/2032		200,000		211,986
Kimberly-Clark Corp.
1.05%, 9/15/2027		100,000		89,284
3.20%, 4/25/2029		250,000		236,709
3.10%, 3/26/2030		252,000		233,631
2.00%, 11/2/2031		100,000		84,232
Procter & Gamble Co. (The)
2.45%, 11/3/2026		162,000		154,933
2.80%, 3/25/2027		166,000		159,220
3.00%, 3/25/2030		264,000		246,244

				1,638,069

Independent Power and Renewable Electricity Producers - 0.2%
Constellation Energy Generation LLC
3.25%, 6/1/2025		260,000		253,040
5.60%, 3/1/2028		170,000		174,880
5.80%, 3/1/2033		100,000		104,329
6.13%, 1/15/2034		100,000		106,716

				638,965

Industrial Conglomerates - 0.3%
GE Capital International Funding Co. Unlimited Co.
3.37%, 11/15/2025		200,000		194,349
Honeywell International, Inc.
1.35%, 6/1/2025		200,000		191,622
2.50%, 11/1/2026		200,000		190,705
1.75%, 9/1/2031		250,000		205,666
5.00%, 2/15/2033		85,000		87,528


Investments	Principal Amount ($)		Value ($)
Pentair Finance Sarl
4.50%, 7/1/2029		100,000		96,944

				966,814

Insurance - 4.7%
Aegon Ltd.
5.50%, 4/11/2048(c)		200,000		193,214
Aflac, Inc.
1.13%, 3/15/2026		250,000		231,119
3.60%, 4/1/2030		302,000		284,185
Allied World Assurance Co. Holdings Ltd.
4.35%, 10/29/2025		300,000		292,963
American Equity Investment Life Holding Co.
5.00%, 6/15/2027		150,000		145,413
American International Group, Inc.
Series A-9, 5.75%, 4/1/2048(c)		202,000		200,416
Aon Corp.
8.21%, 1/1/2027		80,000		86,549
2.85%, 5/28/2027		363,000		343,128
4.50%, 12/15/2028		120,000		118,858
2.80%, 5/15/2030		287,000		254,822
2.05%, 8/23/2031		200,000		163,585
2.60%, 12/2/2031		160,000		135,756
5.00%, 9/12/2032		100,000		100,075
5.35%, 2/28/2033		350,000		357,732
Aon Global Ltd.
3.88%, 12/15/2025		250,000		245,300
Arch Capital Finance LLC
4.01%, 12/15/2026		150,000		145,691
Arthur J Gallagher & Co.
5.50%, 3/2/2033		200,000		203,144
Assurant, Inc.
3.70%, 2/22/2030		201,000		181,376
2.65%, 1/15/2032		100,000		82,702
Athene Holding Ltd.
4.13%, 1/12/2028		500,000		481,642
6.15%, 4/3/2030		200,000		206,670
3.50%, 1/15/2031		100,000		88,088
6.65%, 2/1/2033		100,000		106,914
5.88%, 1/15/2034		150,000		150,695
AXIS Specialty Finance LLC
4.90%, 1/15/2040(c)		202,000		173,474
Berkshire Hathaway Finance Corp.
2.88%, 3/15/2032		250,000		223,164
Brown & Brown, Inc.
4.50%, 3/15/2029		200,000		196,677
2.38%, 3/15/2031		252,000		208,955
4.20%, 3/17/2032		100,000		92,439
Chubb INA Holdings, Inc.
3.15%, 3/15/2025		50,000		49,026
3.35%, 5/3/2026		200,000		194,292
CNA Financial Corp.
4.50%, 3/1/2026		200,000		197,998
3.90%, 5/1/2029		150,000		143,504
2.05%, 8/15/2030		100,000		84,138
5.50%, 6/15/2033		200,000		207,034


Investments	Principal Amount ($)		Value ($)
CNO Financial Group, Inc.
5.25%, 5/30/2029		100,000		98,444
Enstar Finance LLC
5.75%, 9/1/2040(c)		100,000		95,897
5.50%, 1/15/2042(c)		200,000		176,597
Enstar Group Ltd.
4.95%, 6/1/2029		202,000		197,543
3.10%, 9/1/2031		150,000		125,117
F&G Annuities & Life, Inc.
7.40%, 1/13/2028		100,000		103,795
Fairfax Financial Holdings Ltd.
4.85%, 4/17/2028		252,000		249,555
4.63%, 4/29/2030		200,000		192,920
5.63%, 8/16/2032		150,000		150,188
Fidelity National Financial, Inc.
4.50%, 8/15/2028		100,000		97,309
3.40%, 6/15/2030		150,000		134,351
2.45%, 3/15/2031		200,000		164,218
First American Financial Corp.
4.00%, 5/15/2030		100,000		90,718
2.40%, 8/15/2031		100,000		79,602
Globe Life, Inc.
4.55%, 9/15/2028		101,000		100,181
2.15%, 8/15/2030		250,000		209,480
4.80%, 6/15/2032		100,000		97,084
Hanover Insurance Group, Inc. (The)
2.50%, 9/1/2030		100,000		83,120
Hartford Financial Services Group, Inc. (The)
2.80%, 8/19/2029		202,000		183,833
Horace Mann Educators Corp.
4.50%, 12/1/2025		100,000		98,316
7.25%, 9/15/2028		100,000		108,302
Manulife Financial Corp.
4.15%, 3/4/2026		302,000		297,120
2.48%, 5/19/2027		102,000		95,168
4.06%, 2/24/2032(c)		251,000		240,620
Markel Group, Inc.
3.35%, 9/17/2029		200,000		183,830
Marsh & McLennan Cos., Inc.
3.50%, 3/10/2025		76,000		74,800
3.75%, 3/14/2026		250,000		245,748
4.38%, 3/15/2029		505,000		500,747
2.25%, 11/15/2030		216,000		185,432
2.38%, 12/15/2031		100,000		84,687
5.75%, 11/1/2032		100,000		106,832
5.88%, 8/1/2033		100,000		108,235
5.40%, 9/15/2033		150,000		157,018
Old Republic International Corp.
3.88%, 8/26/2026		301,000		291,847
Primerica, Inc.
2.80%, 11/19/2031		150,000		127,156
Principal Financial Group, Inc.
3.40%, 5/15/2025		100,000		97,867
3.10%, 11/15/2026		100,000		95,587
3.70%, 5/15/2029		200,000		188,697
5.38%, 3/15/2033		100,000		102,788


Investments	Principal Amount ($)		Value ($)
Progressive Corp. (The)
3.20%, 3/26/2030		101,000		93,775
Prudential Financial, Inc.
5.38%, 5/15/2045(c)		272,000		268,028
4.50%, 9/15/2047(c)		200,000		187,679
5.70%, 9/15/2048(c)		100,000		97,551
3.70%, 10/1/2050(c)		200,000		175,827
5.13%, 3/1/2052(c)		250,000		233,435
6.00%, 9/1/2052(c)		70,000		69,714
Reinsurance Group of America, Inc.
3.90%, 5/15/2029		202,000		191,988
RenaissanceRe Holdings Ltd.
3.60%, 4/15/2029		200,000		187,052
5.75%, 6/5/2033		150,000		152,162
Trinity Acquisition plc
4.40%, 3/15/2026		151,000		148,892
Unum Group
3.88%, 11/5/2025		100,000		97,248
Willis North America, Inc.
4.65%, 6/15/2027		281,000		278,805
4.50%, 9/15/2028		210,000		205,286
2.95%, 9/15/2029		354,000		318,279
5.35%, 5/15/2033		240,000		241,312

				15,538,520

Interactive Media & Services - 0.2%
Meta Platforms, Inc.
3.85%, 8/15/2032(d)		341,000		322,442
4.95%, 5/15/2033		300,000		306,947
Weibo Corp.
3.38%, 7/8/2030		200,000		173,488

				802,877

IT Services - 0.7%
Amdocs Ltd.
2.54%, 6/15/2030		250,000		215,985
Booz Allen Hamilton, Inc.
5.95%, 8/4/2033		200,000		209,742
CGI, Inc.
1.45%, 9/14/2026		101,000		92,145
2.30%, 9/14/2031		100,000		81,814
International Business Machines Corp.
4.50%, 2/6/2026		100,000		99,767
3.30%, 5/15/2026		250,000		242,850
4.15%, 7/27/2027		192,000		189,431
3.50%, 5/15/2029		505,000		480,665
1.95%, 5/15/2030		100,000		85,607
VeriSign, Inc.
5.25%, 4/1/2025		250,000		250,002
4.75%, 7/15/2027		150,000		148,830
2.70%, 6/15/2031		200,000		170,189

				2,267,027

Life Sciences Tools & Services - 0.2%
Agilent Technologies, Inc.
3.05%, 9/22/2026		100,000		95,722
2.75%, 9/15/2029		332,000		301,979
2.30%, 3/12/2031		301,000		257,724

				655,425


Investments	Principal Amount ($)		Value ($)
Machinery - 1.3%
Dover Corp.
3.15%, 11/15/2025		151,000		146,247
Fortive Corp.
3.15%, 6/15/2026		251,000		241,189
IDEX Corp.
3.00%, 5/1/2030		150,000		134,273
2.63%, 6/15/2031		200,000		171,085
Ingersoll Rand, Inc.
5.40%, 8/14/2028		250,000		256,428
5.70%, 8/14/2033		250,000		261,094
Nordson Corp.
5.80%, 9/15/2033		150,000		158,465
nVent Finance Sarl
4.55%, 4/15/2028		100,000		97,511
2.75%, 11/15/2031		100,000		83,003
5.65%, 5/15/2033		100,000		102,638
Otis Worldwide Corp.
2.06%, 4/5/2025		698,000		672,818
2.29%, 4/5/2027		200,000		186,894
5.25%, 8/16/2028		100,000		102,263
2.57%, 2/15/2030		453,000		401,027
Stanley Black & Decker, Inc.
4.00%, 3/15/2060(c)		225,000		196,156
Westinghouse Air Brake Technologies Corp.
3.20%, 6/15/2025		200,000		194,367
3.45%, 11/15/2026		240,000		230,592
4.70%, 9/15/2028(a)		464,000		459,571
Xylem, Inc.
3.25%, 11/1/2026		200,000		193,252

				4,288,873

Media - 0.4%
Fox Corp.
3.05%, 4/7/2025		175,000		170,746
4.71%, 1/25/2029		350,000		347,135
3.50%, 4/8/2030		102,000		93,939
6.50%, 10/13/2033		250,000		269,626
Interpublic Group of Cos., Inc. (The)
4.75%, 3/30/2030		27,000		26,623
Omnicom Group, Inc.
3.60%, 4/15/2026		450,000		439,226
4.20%, 6/1/2030		100,000		96,518

				1,443,813

Metals & Mining - 1.4%
AngloGold Ashanti Holdings plc
3.38%, 11/1/2028		52,000		46,963
ArcelorMittal SA
6.55%, 11/29/2027		332,000		348,009
6.80%, 11/29/2032		275,000		295,765
BHP Billiton Finance USA Ltd.
4.88%, 2/27/2026		300,000		301,623
4.75%, 2/28/2028		310,000		312,677
4.90%, 2/28/2033		100,000		101,296
5.25%, 9/8/2033		200,000		205,464
Freeport-McMoRan, Inc.
4.63%, 8/1/2030		250,000		241,315


Investments	Principal Amount ($)		Value ($)
Nucor Corp.
3.95%, 5/23/2025		100,000		98,657
2.00%, 6/1/2025		100,000		96,219
Reliance Steel & Aluminum Co.
1.30%, 8/15/2025		252,000		237,199
2.15%, 8/15/2030		150,000		126,890
Rio Tinto Alcan, Inc.
7.25%, 3/15/2031		150,000		170,790
6.13%, 12/15/2033		100,000		108,973
Rio Tinto Finance USA Ltd.
7.13%, 7/15/2028		272,000		299,665
Steel Dynamics, Inc.
2.40%, 6/15/2025		250,000		240,404
1.65%, 10/15/2027		100,000		89,144
3.45%, 4/15/2030		100,000		92,275
Vale Canada Ltd.
7.20%, 9/15/2032		100,000		108,796
Vale Overseas Ltd.
6.25%, 8/10/2026		250,000		255,144
3.75%, 7/8/2030		320,000		290,146
6.13%, 6/12/2033		400,000		408,558

				4,475,972

Multi-Utilities - 0.9%
Ameren Corp.
3.65%, 2/15/2026		100,000		97,286
Berkshire Hathaway Energy Co.
3.50%, 2/1/2025		250,000		245,886
4.05%, 4/15/2025		400,000		396,057
3.25%, 4/15/2028		200,000		189,702
3.70%, 7/15/2030		383,000		359,678
1.65%, 5/15/2031		300,000		241,906
CMS Energy Corp.
4.75%, 6/1/2050(c)		85,000		76,954
3.75%, 12/1/2050(c)		100,000		80,769
Public Service Enterprise Group, Inc.
0.80%, 8/15/2025		152,000		142,702
5.85%, 11/15/2027		200,000		208,199
2.45%, 11/15/2031		150,000		124,756
6.13%, 10/15/2033		100,000		106,885
Puget Energy, Inc.
4.10%, 6/15/2030		50,000		45,943
Sempra
3.30%, 4/1/2025		150,000		146,685
3.25%, 6/15/2027		130,000		123,468
4.13%, 4/1/2052(c)		200,000		176,080
Southern Co. Gas Capital Corp.
5.75%, 9/15/2033		250,000		261,818

				3,024,774

Office REITs - 0.2%
Alexandria Real Estate Equities, Inc.
REIT, 3.38%, 8/15/2031		200,000		178,975
Corporate Office Properties LP
REIT, 2.25%, 3/15/2026		50,000		46,973
REIT, 2.00%, 1/15/2029		150,000		126,027
REIT, 2.75%, 4/15/2031		100,000		81,639
Highwoods Realty LP
REIT, 4.13%, 3/15/2028		100,000		93,360


Investments	Principal Amount ($)		Value ($)
REIT, 4.20%, 4/15/2029		50,000		45,876
Kilroy Realty LP
REIT, 3.05%, 2/15/2030		150,000		128,683

				701,533

Oil, Gas & Consumable Fuels - 11.9%
Apache Corp.
4.25%, 1/15/2030		150,000		139,747
Boardwalk Pipelines LP
5.95%, 6/1/2026		150,000		151,689
4.80%, 5/3/2029		302,000		297,065
3.40%, 2/15/2031		200,000		179,142
3.60%, 9/1/2032		100,000		88,371
Burlington Resources LLC
7.20%, 8/15/2031		100,000		114,815
7.40%, 12/1/2031		200,000		232,543
Canadian Natural Resources Ltd.
3.90%, 2/1/2025		250,000		246,086
2.05%, 7/15/2025		250,000		239,137
3.85%, 6/1/2027		390,000		377,536
2.95%, 7/15/2030		200,000		176,247
7.20%, 1/15/2032		100,000		111,342
6.45%, 6/30/2033		150,000		160,437
Cenovus Energy, Inc.
2.65%, 1/15/2032		150,000		124,917
Cheniere Corpus Christi Holdings LLC
5.13%, 6/30/2027		300,000		301,466
3.70%, 11/15/2029		150,000		141,244
Cheniere Energy Partners LP
4.50%, 10/1/2029		650,000		620,088
4.00%, 3/1/2031		400,000		362,898
3.25%, 1/31/2032		200,000		169,780
5.95%, 6/30/2033(e)		400,000		408,488
Cheniere Energy, Inc.
4.63%, 10/15/2028		427,000		413,129
Chevron Corp.
1.55%, 5/11/2025		303,000		291,408
2.24%, 5/11/2030		250,000		221,694
Chevron USA, Inc.
0.69%, 8/12/2025		252,000		237,569
Conoco Funding Co.
7.25%, 10/15/2031		100,000		115,180
ConocoPhillips
5.90%, 10/15/2032		100,000		109,563
ConocoPhillips Co.
6.95%, 4/15/2029		301,000		334,578
5.05%, 9/15/2033		200,000		203,416
Continental Resources, Inc.
4.38%, 1/15/2028		348,000		337,685
Coterra Energy, Inc.
3.90%, 5/15/2027		252,000		245,254
4.38%, 3/15/2029		150,000		146,481
Devon Energy Corp.
5.85%, 12/15/2025		215,000		217,436
4.50%, 1/15/2030		101,000		97,594
7.88%, 9/30/2031		100,000		115,261
7.95%, 4/15/2032		150,000		174,060


Investments	Principal Amount ($)		Value ($)
Diamondback Energy, Inc.
3.50%, 12/1/2029		303,000		281,493
3.13%, 3/24/2031		200,000		177,514
6.25%, 3/15/2033		400,000		426,321
Eastern Gas Transmission & Storage, Inc.
3.00%, 11/15/2029		202,000		182,749
Enbridge, Inc.
5.70%, 3/8/2033		200,000		206,328
Series 16-A, 6.00%, 1/15/2077(c)		300,000		288,723
5.50%, 7/15/2077(c)		200,000		186,262
6.25%, 3/1/2078(c)		202,000		192,756
Series 20-A, 5.75%, 7/15/2080(c)		200,000		187,070
7.38%, 1/15/2083(c)		100,000		99,808
8.50%, 1/15/2084(c)		100,000		106,910
Energy Transfer LP
4.05%, 3/15/2025		250,000		246,650
2.90%, 5/15/2025		350,000		339,752
5.95%, 12/1/2025		250,000		252,572
4.75%, 1/15/2026		500,000		496,877
3.90%, 7/15/2026		100,000		97,308
6.05%, 12/1/2026		300,000		308,146
4.40%, 3/15/2027		200,000		196,358
4.20%, 4/15/2027		150,000		146,429
5.50%, 6/1/2027		500,000		507,102
4.00%, 10/1/2027		100,000		96,584
5.55%, 2/15/2028		220,000		223,871
4.95%, 5/15/2028		200,000		199,372
4.95%, 6/15/2028		250,000		249,533
5.25%, 4/15/2029		300,000		303,142
4.15%, 9/15/2029		100,000		95,571
3.75%, 5/15/2030		500,000		462,318
6.40%, 12/1/2030		400,000		426,025
5.75%, 2/15/2033		350,000		358,420
6.55%, 12/1/2033		275,000		296,522
Enterprise Products Operating LLC
3.75%, 2/15/2025		198,000		195,670
5.05%, 1/10/2026		200,000		201,465
3.70%, 2/15/2026		170,000		166,860
4.15%, 10/16/2028		281,000		276,322
3.13%, 7/31/2029		432,000		401,640
2.80%, 1/31/2030		457,000		412,190
5.35%, 1/31/2033		502,000		522,102
Series D, 6.88%, 3/1/2033		200,000		228,009
Series E, 5.25%, 8/16/2077(c)		302,000		290,840
5.38%, 2/15/2078(c)		200,000		186,355
EOG Resources, Inc.
3.15%, 4/1/2025		250,000		245,373
4.38%, 4/15/2030		202,000		200,220
EQT Corp.
7.00%, 2/1/2030(a)		50,000		53,612
Exxon Mobil Corp.
2.71%, 3/6/2025		236,000		230,584
2.99%, 3/19/2025		480,000		470,735
3.48%, 3/19/2030		400,000		379,337


Investments	Principal Amount ($)		Value ($)
2.61%, 10/15/2030		201,000		179,869
Hess Corp.
7.88%, 10/1/2029		100,000		114,218
HF Sinclair Corp.
5.88%, 4/1/2026		290,000		293,266
5.00%, 2/1/2028(e)		200,000		194,103
4.50%, 10/1/2030		100,000		94,919
Kinder Morgan Energy Partners LP
7.40%, 3/15/2031		150,000		167,394
Kinder Morgan, Inc.
4.30%, 3/1/2028		500,000		490,021
7.80%, 8/1/2031		252,000		286,438
7.75%, 1/15/2032		200,000		228,785
4.80%, 2/1/2033		250,000		239,506
5.20%, 6/1/2033		500,000		496,051
Magellan Midstream Partners LP
5.00%, 3/1/2026		202,000		202,409
3.25%, 6/1/2030		200,000		181,863
Marathon Oil Corp.
4.40%, 7/15/2027		251,000		245,638
Marathon Petroleum Corp.
4.70%, 5/1/2025		352,000		349,561
3.80%, 4/1/2028		202,000		194,566
MPLX LP
4.00%, 2/15/2025		250,000		246,484
4.88%, 6/1/2025		214,000		213,008
1.75%, 3/1/2026		302,000		282,957
4.13%, 3/1/2027		200,000		195,947
4.25%, 12/1/2027		200,000		195,903
4.00%, 3/15/2028		400,000		387,357
4.80%, 2/15/2029		100,000		99,446
2.65%, 8/15/2030		300,000		260,203
4.95%, 9/1/2032		300,000		292,682
5.00%, 3/1/2033		200,000		195,672
Occidental Petroleum Corp.
5.88%, 9/1/2025		150,000		151,015
5.50%, 12/1/2025		370,000		371,352
5.55%, 3/15/2026		300,000		301,908
3.40%, 4/15/2026		100,000		96,107
8.50%, 7/15/2027		120,000		131,116
6.38%, 9/1/2028		110,000		115,447
3.50%, 8/15/2029		100,000		89,108
8.88%, 7/15/2030		362,000		424,371
6.63%, 9/1/2030		403,000		428,752
6.13%, 1/1/2031		350,000		363,317
7.50%, 5/1/2031		275,000		306,195
7.88%, 9/15/2031		300,000		341,383
ONEOK, Inc.
5.85%, 1/15/2026		100,000		101,429
4.00%, 7/13/2027		190,000		184,784
4.55%, 7/15/2028		110,000		108,766
4.35%, 3/15/2029		200,000		194,950
3.40%, 9/1/2029		200,000		184,960
3.10%, 3/15/2030		229,000		206,095
6.35%, 1/15/2031		210,000		223,367
6.10%, 11/15/2032		150,000		157,870
6.05%, 9/1/2033		250,000		262,500


Investments	Principal Amount ($)		Value ($)
Phillips 66
1.30%, 2/15/2026		150,000		139,679
3.90%, 3/15/2028		100,000		97,428
Phillips 66 Co.
3.61%, 2/15/2025		100,000		98,397
3.55%, 10/1/2026		100,000		97,045
3.75%, 3/1/2028		150,000		144,639
3.15%, 12/15/2029		100,000		91,664
5.30%, 6/30/2033		165,000		168,718
Pioneer Natural Resources Co.
1.13%, 1/15/2026		200,000		186,611
5.10%, 3/29/2026		350,000		352,418
1.90%, 8/15/2030		300,000		255,601
2.15%, 1/15/2031		225,000		191,667
Plains All American Pipeline LP
4.65%, 10/15/2025		350,000		347,374
4.50%, 12/15/2026		250,000		247,675
3.55%, 12/15/2029		352,000		323,929
3.80%, 9/15/2030		200,000		184,756
Sabine Pass Liquefaction LLC
4.20%, 3/15/2028		250,000		244,772
4.50%, 5/15/2030		300,000		292,851
Spectra Energy Partners LP
3.50%, 3/15/2025		100,000		98,197
Suncor Energy, Inc.
7.88%, 6/15/2026		150,000		159,502
7.15%, 2/1/2032		150,000		167,524
Targa Resources Corp.
4.20%, 2/1/2033		150,000		137,312
Targa Resources Partners LP
5.50%, 3/1/2030		275,000		273,688
4.88%, 2/1/2031		200,000		191,800
Tennessee Gas Pipeline Co. LLC
7.00%, 10/15/2028		100,000		108,360
Texas Eastern Transmission LP
7.00%, 7/15/2032		100,000		111,573
Tosco Corp.
8.13%, 2/15/2030		152,000		178,562
Transcanada Trust
Series 16-A, 5.88%, 8/15/2076(c)		150,000		144,100
5.50%, 9/15/2079(c)		200,000		178,139
5.60%, 3/7/2082(c)		25,000		21,947
Transcontinental Gas Pipe Line Co. LLC
4.00%, 3/15/2028		62,000		60,308
Valero Energy Corp.
2.85%, 4/15/2025		100,000		97,021
3.40%, 9/15/2026		100,000		96,336
2.15%, 9/15/2027		100,000		91,883
4.35%, 6/1/2028		200,000		197,648
2.80%, 12/1/2031		200,000		171,976
7.50%, 4/15/2032		200,000		232,305
Valero Energy Partners LP
4.50%, 3/15/2028		200,000		197,371
Western Midstream Operating LP
3.10%, 2/1/2025(a)		200,000		194,888
4.65%, 7/1/2026		252,000		248,200


Investments	Principal Amount ($)		Value ($)
4.50%, 3/1/2028		250,000		242,551
4.05%, 2/1/2030(a)		400,000		373,894
6.15%, 4/1/2033		300,000		309,222
Williams Cos., Inc. (The)
4.00%, 9/15/2025		200,000		196,636
2.60%, 3/15/2031		100,000		85,468
7.75%, 6/15/2031		100,000		112,766
8.75%, 3/15/2032(a)		100,000		121,430

				39,342,035

Paper & Forest Products - 0.1%
Suzano Austria GmbH
6.00%, 1/15/2029		252,000		253,643

Personal Care Products - 0.0%(b)
Conopco, Inc.
6.63%, 4/15/2028		90,000		97,785

Pharmaceuticals - 1.0%
Eli Lilly & Co.
3.38%, 3/15/2029		183,000		175,792
4.70%, 2/27/2033		200,000		203,749
Merck & Co., Inc.
3.40%, 3/7/2029		300,000		286,584
4.30%, 5/17/2030		250,000		248,300
1.45%, 6/24/2030		250,000		208,926
2.15%, 12/10/2031		320,000		270,658
4.50%, 5/17/2033		275,000		273,744
Royalty Pharma plc
1.20%, 9/2/2025		232,000		217,551
Zoetis, Inc.
4.50%, 11/13/2025		400,000		398,029
5.40%, 11/14/2025		250,000		252,409
3.00%, 9/12/2027		226,000		214,710
3.90%, 8/20/2028		252,000		246,333
2.00%, 5/15/2030		200,000		170,786
5.60%, 11/16/2032		200,000		211,572

				3,379,143

Professional Services - 1.0%
Automatic Data Processing, Inc.
3.38%, 9/15/2025		50,000		49,109
1.70%, 5/15/2028		200,000		180,527
1.25%, 9/1/2030		151,000		124,076
Broadridge Financial Solutions, Inc.
3.40%, 6/27/2026		200,000		193,321
2.90%, 12/1/2029		252,000		226,936
2.60%, 5/1/2031		300,000		255,107
Equifax, Inc.
2.60%, 12/15/2025		100,000		95,769
3.25%, 6/1/2026		100,000		96,307
5.10%, 12/15/2027		100,000		100,842
5.10%, 6/1/2028		375,000		379,386
3.10%, 5/15/2030		202,000		181,712
2.35%, 9/15/2031		300,000		248,884
Jacobs Engineering Group, Inc.
6.35%, 8/18/2028		150,000		156,736
5.90%, 3/1/2033		150,000		153,025


Investments	Principal Amount ($)		Value ($)
Verisk Analytics, Inc.
4.00%, 6/15/2025		400,000		394,640
4.13%, 3/15/2029		252,000		245,716
5.75%, 4/1/2033		100,000		106,203

				3,188,296

Real Estate Management & Development - 0.1%
CBRE Services, Inc.
4.88%, 3/1/2026		200,000		199,282
2.50%, 4/1/2031		151,000		126,406

				325,688

Residential REITs - 0.8%
American Homes 4 Rent LP
REIT, 4.25%, 2/15/2028		200,000		194,466
REIT, 4.90%, 2/15/2029		162,000		160,746
AvalonBay Communities, Inc.
REIT, 3.45%, 6/1/2025		151,000		147,921
REIT, 3.50%, 11/15/2025		50,000		48,912
REIT, 2.30%, 3/1/2030		200,000		174,832
ERP Operating LP
REIT, 3.00%, 7/1/2029		28,000		25,775
Essential Properties LP
REIT, 2.95%, 7/15/2031		100,000		79,483
Essex Portfolio LP
REIT, 3.50%, 4/1/2025		100,000		97,851
REIT, 3.63%, 5/1/2027		200,000		191,096
REIT, 1.70%, 3/1/2028		250,000		219,504
REIT, 4.00%, 3/1/2029		151,000		144,401
REIT, 3.00%, 1/15/2030		252,000		224,926
REIT, 1.65%, 1/15/2031		100,000		79,475
REIT, 2.65%, 3/15/2032		150,000		125,430
Invitation Homes Operating Partnership LP
REIT, 2.30%, 11/15/2028		300,000		265,694
REIT, 2.00%, 8/15/2031		100,000		79,104
Mid-America Apartments LP
REIT, 3.95%, 3/15/2029		28,000		27,111
REIT, 2.75%, 3/15/2030		151,000		134,789
Tanger Properties LP
REIT, 3.13%, 9/1/2026		200,000		187,609
REIT, 3.88%, 7/15/2027		100,000		91,894
REIT, 2.75%, 9/1/2031		100,000		82,034

				2,783,053

Retail REITs - 0.9%
Agree LP
REIT, 2.00%, 6/15/2028		202,000		177,178
REIT, 2.90%, 10/1/2030		150,000		129,667
REIT, 4.80%, 10/1/2032		150,000		142,674
Brixmor Operating Partnership LP
REIT, 3.85%, 2/1/2025		250,000		245,367
REIT, 4.13%, 6/15/2026		252,000		245,152
REIT, 4.13%, 5/15/2029		252,000		239,282
REIT, 4.05%, 7/1/2030		151,000		141,215
NNN REIT, Inc.
REIT, 4.00%, 11/15/2025		50,000		49,038
REIT, 3.60%, 12/15/2026		200,000		192,552
REIT, 3.50%, 10/15/2027		151,000		143,402
REIT, 4.30%, 10/15/2028		91,000		88,620
REIT, 2.50%, 4/15/2030		100,000		86,131


Investments	Principal Amount ($)		Value ($)
REIT, 5.60%, 10/15/2033		250,000		255,707
Phillips Edison Grocery Center Operating Partnership I LP
REIT, 2.63%, 11/15/2031		100,000		81,596
Realty Income Corp.
REIT, 4.90%, 7/15/2033		50,000		48,975
Regency Centers LP
REIT, 4.13%, 3/15/2028		200,000		192,689
REIT, 2.95%, 9/15/2029		150,000		134,989
REIT, 3.70%, 6/15/2030		252,000		234,320

				2,828,554

Semiconductors & Semiconductor Equipment - 3.3%
Analog Devices, Inc.
3.50%, 12/5/2026		100,000		97,677
Broadcom Corp.
3.88%, 1/15/2027		794,000		773,424
3.50%, 1/15/2028		300,000		286,749
Broadcom, Inc.
3.15%, 11/15/2025		350,000		339,496
3.46%, 9/15/2026		200,000		193,581
1.95%, 2/15/2028(e)		275,000		246,909
4.11%, 9/15/2028		405,000		394,289
4.00%, 4/15/2029(e)		300,000		288,773
4.75%, 4/15/2029		580,000		579,597
5.00%, 4/15/2030		250,000		253,535
4.15%, 11/15/2030		500,000		476,909
2.45%, 2/15/2031(e)		800,000		681,274
4.15%, 4/15/2032(e)		350,000		330,099
4.30%, 11/15/2032		600,000		569,511
2.60%, 2/15/2033(e)		800,000		657,156
3.42%, 4/15/2033(e)		865,000		759,622
Lam Research Corp.
3.75%, 3/15/2026		300,000		294,832
4.00%, 3/15/2029		150,000		146,988
Microchip Technology, Inc.
4.25%, 9/1/2025		400,000		394,547
NXP BV
2.70%, 5/1/2025		150,000		145,106
3.88%, 6/18/2026		100,000		97,429
3.15%, 5/1/2027		100,000		94,955
4.30%, 6/18/2029		250,000		242,138
3.40%, 5/1/2030		252,000		230,331
5.00%, 1/15/2033		200,000		197,165
Qorvo, Inc.
4.38%, 10/15/2029		202,000		190,208
Skyworks Solutions, Inc.
1.80%, 6/1/2026		201,000		187,239
3.00%, 6/1/2031		100,000		85,673
Texas Instruments, Inc.
4.90%, 3/14/2033		400,000		411,149
TSMC Arizona Corp.
1.75%, 10/25/2026		500,000		462,131
3.88%, 4/22/2027		252,000		246,450
2.50%, 10/25/2031		500,000		428,240

				10,783,182


Investments	Principal Amount ($)		Value ($)
Software - 2.0%
Adobe, Inc.
3.25%, 2/1/2025		200,000		196,833
2.15%, 2/1/2027		162,000		152,117
2.30%, 2/1/2030		223,000		199,430
Autodesk, Inc.
4.38%, 6/15/2025		100,000		99,204
3.50%, 6/15/2027		210,000		203,307
2.85%, 1/15/2030		130,000		117,669
2.40%, 12/15/2031		350,000		296,282
Fortinet, Inc.
1.00%, 3/15/2026		50,000		46,070
2.20%, 3/15/2031		150,000		125,779
Intuit, Inc.
0.95%, 7/15/2025		100,000		94,600
1.35%, 7/15/2027		200,000		180,712
5.13%, 9/15/2028		250,000		256,745
1.65%, 7/15/2030		100,000		83,648
5.20%, 9/15/2033		200,000		207,455
Oracle Corp.
2.50%, 4/1/2025		200,000		194,014
2.95%, 5/15/2025		100,000		97,350
1.65%, 3/25/2026		100,000		93,456
6.25%, 11/9/2032		150,000		161,779
Roper Technologies, Inc.
1.00%, 9/15/2025		300,000		281,554
3.85%, 12/15/2025		100,000		98,522
3.80%, 12/15/2026		250,000		244,475
1.40%, 9/15/2027		250,000		223,407
4.20%, 9/15/2028		301,000		294,577
2.95%, 9/15/2029		200,000		182,894
2.00%, 6/30/2030		250,000		212,309
1.75%, 2/15/2031		252,000		205,423
ServiceNow, Inc.
1.40%, 9/1/2030		250,000		205,594
VMware LLC
4.50%, 5/15/2025		250,000		248,078
1.40%, 8/15/2026		453,000		414,641
4.65%, 5/15/2027		140,000		138,763
3.90%, 8/21/2027		300,000		290,212
1.80%, 8/15/2028		400,000		351,507
4.70%, 5/15/2030		192,000		188,848
2.20%, 8/15/2031		450,000		371,617

				6,758,871

Specialized REITs - 1.2%
American Tower Corp.
REIT, 2.40%, 3/15/2025		163,000		157,956
Crown Castle, Inc.
REIT, 1.05%, 7/15/2026		250,000		226,809
CubeSmart LP
REIT, 4.00%, 11/15/2025		101,000		98,821
REIT, 2.25%, 12/15/2028		300,000		264,926
REIT, 4.38%, 2/15/2029		150,000		145,965
REIT, 3.00%, 2/15/2030		200,000		177,823
REIT, 2.00%, 2/15/2031		100,000		81,302
REIT, 2.50%, 2/15/2032		150,000		124,022


Investments	Principal Amount ($)		Value ($)
EPR Properties
REIT, 4.50%, 4/1/2025		100,000		98,220
REIT, 4.50%, 6/1/2027		153,000		145,563
REIT, 4.95%, 4/15/2028		353,000		339,184
REIT, 3.75%, 8/15/2029		100,000		89,190
REIT, 3.60%, 11/15/2031		100,000		83,637
Equinix, Inc.
REIT, 1.45%, 5/15/2026		200,000		185,511
REIT, 3.20%, 11/18/2029		252,000		230,410
Public Storage Operating Co.
REIT, 0.88%, 2/15/2026		150,000		139,239
REIT, 1.85%, 5/1/2028		100,000		90,013
REIT, 1.95%, 11/9/2028		81,000		72,286
Weyerhaeuser Co.
REIT, 4.75%, 5/15/2026		250,000		248,716
REIT, 4.00%, 11/15/2029		276,000		263,519
REIT, 4.00%, 4/15/2030		504,000		480,493
REIT, 7.38%, 3/15/2032		150,000		173,241
REIT, 3.38%, 3/9/2033		150,000		132,111

				4,048,957

Specialty Retail - 2.3%
AutoZone, Inc.
3.25%, 4/15/2025		100,000		97,851
3.63%, 4/15/2025		200,000		196,711
3.13%, 4/21/2026		125,000		120,625
3.75%, 6/1/2027		100,000		97,079
4.50%, 2/1/2028		100,000		99,084
3.75%, 4/18/2029		150,000		143,172
4.00%, 4/15/2030		150,000		143,444
1.65%, 1/15/2031		150,000		121,041
4.75%, 8/1/2032		100,000		98,270
4.75%, 2/1/2033		150,000		146,828
5.20%, 8/1/2033		100,000		101,016
Best Buy Co., Inc.
4.45%, 10/1/2028		51,000		50,777
Home Depot, Inc. (The)
3.35%, 9/15/2025		250,000		245,136
3.00%, 4/1/2026		400,000		388,264
2.13%, 9/15/2026		250,000		235,843
2.80%, 9/14/2027		100,000		94,982
1.50%, 9/15/2028		200,000		177,052
3.90%, 12/6/2028		100,000		98,224
2.95%, 6/15/2029		351,000		327,502
2.70%, 4/15/2030		500,000		453,004
1.38%, 3/15/2031		150,000		121,552
1.88%, 9/15/2031		350,000		289,784
3.25%, 4/15/2032		328,000		298,800
O’Reilly Automotive, Inc.
3.55%, 3/15/2026		300,000		291,952
3.60%, 9/1/2027		501,000		482,486
4.35%, 6/1/2028		200,000		198,169
3.90%, 6/1/2029		250,000		241,069
4.20%, 4/1/2030		50,000		48,382
1.75%, 3/15/2031		200,000		162,337
4.70%, 6/15/2032		250,000		246,352
Ross Stores, Inc.
0.88%, 4/15/2026		500,000		460,394


Investments	Principal Amount ($)		Value ($)
1.88%, 4/15/2031		150,000		123,402
TJX Cos., Inc. (The)
2.25%, 9/15/2026		490,000		464,811
3.88%, 4/15/2030		281,000		272,228
1.60%, 5/15/2031		150,000		123,671
Tractor Supply Co.
1.75%, 11/1/2030		250,000		204,801
5.25%, 5/15/2033		150,000		152,460

				7,618,555

Technology Hardware, Storage & Peripherals - 2.0%
Apple, Inc.
1.13%, 5/11/2025		454,000		434,711
3.20%, 5/13/2025		277,000		272,238
3.25%, 2/23/2026		723,000		706,176
2.45%, 8/4/2026		352,000		336,113
2.05%, 9/11/2026		532,000		501,411
3.35%, 2/9/2027		212,000		206,507
3.20%, 5/11/2027		200,000		193,292
2.90%, 9/12/2027		182,000		173,887
3.00%, 11/13/2027		222,000		212,952
1.20%, 2/8/2028		414,000		368,297
1.40%, 8/5/2028		404,000		358,420
3.25%, 8/8/2029		182,000		173,239
2.20%, 9/11/2029		242,000		217,881
1.65%, 5/11/2030		200,000		170,965
1.65%, 2/8/2031		402,000		336,793
3.35%, 8/8/2032		275,000		255,878
HP, Inc.
2.20%, 6/17/2025		250,000		240,196
3.00%, 6/17/2027		200,000		189,104
4.75%, 1/15/2028		250,000		250,255
4.00%, 4/15/2029		202,000		195,207
5.50%, 1/15/2033		150,000		153,216
NetApp, Inc.
1.88%, 6/22/2025		401,000		383,183
2.70%, 6/22/2030		150,000		132,066
Teledyne FLIR LLC
2.50%, 8/1/2030		250,000		215,484

				6,677,471

Textiles, Apparel & Luxury Goods - 0.4%
Tapestry, Inc.
4.25%, 4/1/2025		100,000		98,666
7.05%, 11/27/2025		100,000		102,293
7.00%, 11/27/2026		200,000		206,291
4.13%, 7/15/2027		108,000		102,695
7.35%, 11/27/2028		350,000		366,603
7.70%, 11/27/2030		200,000		211,979
3.05%, 3/15/2032		50,000		39,990
7.85%, 11/27/2033		200,000		213,747

				1,342,264

Tobacco - 2.6%
Altria Group, Inc.
2.35%, 5/6/2025		312,000		301,528
4.40%, 2/14/2026		401,000		397,158
2.63%, 9/16/2026		171,000		162,384
4.80%, 2/14/2029		754,000		755,466
3.40%, 5/6/2030		303,000		276,294


Investments	Principal Amount ($)		Value ($)
2.45%, 2/4/2032		600,000		490,572
6.88%, 11/1/2033		100,000		110,135
BAT Capital Corp.
2.26%, 3/25/2028		181,000		162,468
Philip Morris International, Inc.
1.50%, 5/1/2025		155,000		148,945
3.38%, 8/11/2025		200,000		195,990
5.00%, 11/17/2025		100,000		100,487
4.88%, 2/13/2026		475,000		476,397
2.75%, 2/25/2026		195,000		187,393
0.88%, 5/1/2026		211,000		193,995
5.13%, 11/17/2027		273,000		277,469
4.88%, 2/15/2028		650,000		655,385
3.13%, 3/2/2028		350,000		330,497
5.25%, 9/7/2028		100,000		102,556
3.38%, 8/15/2029		200,000		187,214
5.63%, 11/17/2029		400,000		417,459
5.13%, 2/15/2030		820,000		833,511
2.10%, 5/1/2030		250,000		215,146
5.50%, 9/7/2030		200,000		207,261
1.75%, 11/1/2030		200,000		165,198
5.75%, 11/17/2032		350,000		366,325
5.38%, 2/15/2033		500,000		510,298
5.63%, 9/7/2033		400,000		414,657

				8,642,188

Trading Companies & Distributors - 0.2%
Air Lease Corp.
3.25%, 3/1/2025		100,000		97,653
3.63%, 12/1/2027		202,000		191,772
3.13%, 12/1/2030		100,000		87,085
Aircastle Ltd.
4.25%, 6/15/2026		252,000		244,620
WW Grainger, Inc.
1.85%, 2/15/2025		100,000		96,837

				717,967

Water Utilities - 0.0%(b)
American Water Capital Corp.
2.80%, 5/1/2030		100,000		89,859

Wireless Telecommunication Services - 0.0%(b)
T-Mobile USA, Inc.
3.88%, 4/15/2030		165,000		156,041

TOTAL CORPORATE BONDS (COST $316,452,284)				318,231,995


Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 1.2%

U.S. Treasury Notes
3.75%, 12/31/2028		2,000,000		1,988,594
3.88%, 8/15/2033		2,000,000		1,988,125

TOTAL U.S. TREASURY OBLIGATIONS (Cost $3,971,797)				3,976,719


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.1%(f)

REPURCHASE AGREEMENTS - 0.1%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $381,275, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $3,021,927 (Cost $381,219)		381,219		381,219

Total Investments - 97.3% (Cost $320,805,300)				322,589,933
Other assets less liabilities - 2.7%				8,834,302

Net Assets - 100.0%				331,424,235

(a) Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2024.

(b) Represents less than 0.05% of net assets.

(c) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(d) The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $104,293,824, collateralized in the form of cash with a value of $381,219 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $810,250 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 29, 2024 – August 15, 2053; a total value of $1,191,469.

(e) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(f) The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $381,219.

Percentages shown are based on Net Assets.


Abbreviations

OYJ		Public Limited Company
REIT		Real Estate Investment Trust


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 97.3%

Aerospace & Defense - 1.6%
Boeing Co. (The)
5.81%, 5/1/2050		50,000		50,072
5.93%, 5/1/2060		50,000		49,922
Howmet Aerospace, Inc.
5.95%, 2/1/2037		25,000		25,746
Lockheed Martin Corp.
Series B, 6.15%, 9/1/2036		25,000		28,020
5.72%, 6/1/2040(a)		25,000		26,904
4.09%, 9/15/2052		60,000		51,918
4.15%, 6/15/2053		30,000		26,147
5.70%, 11/15/2054		35,000		38,361
5.20%, 2/15/2055		25,000		25,635
4.30%, 6/15/2062		45,000		39,403
5.90%, 11/15/2063		65,000		73,365
Northrop Grumman Corp.
5.05%, 11/15/2040		25,000		24,623
Precision Castparts Corp.
4.20%, 6/15/2035		25,000		23,632
3.90%, 1/15/2043		50,000		42,625

				526,373

Automobile Components - 0.1%
Aptiv plc
4.15%, 5/1/2052		25,000		19,917
Lear Corp.
5.25%, 5/15/2049		25,000		23,038

				42,955

Banks - 6.7%
Bank of America Corp.
7.75%, 5/14/2038		40,000		49,233
2.68%, 6/19/2041(b)		20,000		14,435
3.31%, 4/22/2042(b)		15,000		11,838
3.95%, 1/23/2049(b)		10,000		8,352
4.08%, 3/20/2051(b)		50,000		41,737
Citigroup, Inc.
3.88%, 1/24/2039(b)		25,000		21,699
5.32%, 3/26/2041(b)		75,000		75,475
5.88%, 1/30/2042		100,000		107,817
6.68%, 9/13/2043		75,000		85,535
5.30%, 5/6/2044		75,000		72,989
4.75%, 5/18/2046		145,000		130,607
4.65%, 7/23/2048		25,000		23,107
6.88%, 2/15/2098		25,000		29,460
Fifth Third Bancorp
8.25%, 3/1/2038		20,000		24,052
HSBC Holdings plc
6.50%, 9/15/2037		100,000		104,768
6.80%, 6/1/2038		200,000		218,342
JPMorgan Chase & Co.
6.40%, 5/15/2038		10,000		11,483
3.88%, 7/24/2038(b)		25,000		22,005


Investments	Principal Amount ($)		Value ($)
5.60%, 7/15/2041		25,000		26,545
5.63%, 8/16/2043		25,000		26,228
4.95%, 6/1/2045		25,000		24,102
4.26%, 2/22/2048(b)		25,000		22,045
3.11%, 4/22/2051(b)		25,000		17,836
3.33%, 4/22/2052(b)		50,000		36,736
Lloyds Banking Group plc
4.34%, 1/9/2048		200,000		160,306
Mitsubishi UFJ Financial Group, Inc.
3.75%, 7/18/2039		10,000		8,784
Regions Financial Corp.
7.38%, 12/10/2037		50,000		57,177
Wells Fargo & Co.
3.07%, 4/30/2041(b)		40,000		30,339
5.38%, 11/2/2043		40,000		39,370
5.61%, 1/15/2044		100,000		100,544
4.65%, 11/4/2044		45,000		40,002
4.90%, 11/17/2045		150,000		137,624
4.40%, 6/14/2046		125,000		106,569
4.75%, 12/7/2046		125,000		111,816
5.01%, 4/4/2051(b)		40,000		38,208
4.61%, 4/25/2053(b)		50,000		44,805
Westpac Banking Corp.
4.42%, 7/24/2039		75,000		66,534
2.96%, 11/16/2040		75,000		52,684
3.13%, 11/18/2041		75,000		53,226

				2,254,414

Beverages - 1.6%
Brown-Forman Corp.
4.00%, 4/15/2038		50,000		45,068
Coca-Cola Co. (The)
2.50%, 6/1/2040		110,000		82,159
2.50%, 3/15/2051		100,000		65,359
2.75%, 6/1/2060		10,000		6,633
Constellation Brands, Inc.
5.25%, 11/15/2048		30,000		29,419
3.75%, 5/1/2050		50,000		39,000
PepsiCo, Inc.
5.50%, 1/15/2040		40,000		42,766
3.50%, 3/19/2040		25,000		21,066
4.00%, 3/5/2042		25,000		22,500
3.60%, 8/13/2042		30,000		24,990
4.25%, 10/22/2044		25,000		22,314
4.60%, 7/17/2045		25,000		23,202
4.20%, 7/18/2052		35,000		31,475
4.65%, 2/15/2053		35,000		34,019
3.88%, 3/19/2060		45,000		37,509

				527,479

Biotechnology - 0.6%
AbbVie, Inc.
4.50%, 5/14/2035		5,000		4,880
4.05%, 11/21/2039		20,000		18,094
4.25%, 11/21/2049		50,000		43,914


Investments	Principal Amount ($)		Value ($)
Amgen, Inc.
5.65%, 3/2/2053		30,000		30,909
4.40%, 2/22/2062		60,000		49,959
5.75%, 3/2/2063		30,000		30,914
Regeneron Pharmaceuticals, Inc.
2.80%, 9/15/2050		50,000		32,394

				211,064

Broadline Retail - 0.5%
Alibaba Group Holding Ltd.
3.15%, 2/9/2051		250,000		164,256

Building Products - 0.5%
Masco Corp.
4.50%, 5/15/2047		25,000		21,235
3.13%, 2/15/2051		25,000		17,115
Owens Corning
7.00%, 12/1/2036(a)		25,000		28,403
4.40%, 1/30/2048		15,000		12,861
Trane Technologies Financing Ltd.
4.65%, 11/1/2044		25,000		23,213
4.50%, 3/21/2049		20,000		18,305
Trane Technologies Global Holding Co. Ltd.
5.75%, 6/15/2043		30,000		31,909

				153,041

Capital Markets - 2.0%
CI Financial Corp.
4.10%, 6/15/2051		20,000		12,157
Goldman Sachs Group, Inc. (The)
6.75%, 10/1/2037		50,000		55,616
3.21%, 4/22/2042(b)		10,000		7,715
2.91%, 7/21/2042(b)		15,000		11,092
3.44%, 2/24/2043(b)		10,000		7,890
5.15%, 5/22/2045		25,000		24,592
4.75%, 10/21/2045		15,000		14,235
Moody’s Corp.
2.75%, 8/19/2041		55,000		39,985
5.25%, 7/15/2044		50,000		50,243
4.88%, 12/17/2048		35,000		32,946
3.25%, 5/20/2050		10,000		7,244
3.75%, 2/25/2052		25,000		20,078
2.55%, 8/18/2060		10,000		5,675
3.10%, 11/29/2061		45,000		29,957
Morgan Stanley
3.22%, 4/22/2042(b)		25,000		19,413
6.38%, 7/24/2042		20,000		22,902
4.30%, 1/27/2045		30,000		26,804
5.60%, 3/24/2051(b)		25,000		26,838
Nasdaq, Inc.
3.95%, 3/7/2052		30,000		23,911
6.10%, 6/28/2063		60,000		64,702
S&P Global, Inc.
6.55%, 11/15/2037		20,000		22,423
4.50%, 5/15/2048		20,000		17,091
3.25%, 12/1/2049		50,000		36,574
3.70%, 3/1/2052		75,000		59,829
3.90%, 3/1/2062		30,000		24,350

				664,262


Investments	Principal Amount ($)		Value ($)
Chemicals - 2.6%
Albemarle Corp.
5.65%, 6/1/2052		25,000		23,264
CF Industries, Inc.
5.15%, 3/15/2034		20,000		19,725
4.95%, 6/1/2043		55,000		50,427
5.38%, 3/15/2044		55,000		53,105
Dow Chemical Co. (The)
9.40%, 5/15/2039		10,000		13,798
6.90%, 5/15/2053		50,000		59,303
Ecolab, Inc.
5.50%, 12/8/2041		25,000		26,123
FMC Corp.
4.50%, 10/1/2049		25,000		19,308
Linde, Inc.
3.55%, 11/7/2042		25,000		20,592
LYB International Finance BV
5.25%, 7/15/2043		50,000		47,472
4.88%, 3/15/2044		75,000		68,843
LYB International Finance III LLC
3.38%, 10/1/2040		50,000		38,412
4.20%, 10/15/2049		80,000		63,999
4.20%, 5/1/2050		80,000		63,711
3.63%, 4/1/2051		85,000		61,272
3.80%, 10/1/2060		20,000		14,163
LyondellBasell Industries NV
4.63%, 2/26/2055		75,000		63,364
Mosaic Co. (The)
5.63%, 11/15/2043		20,000		19,564
PPG Industries, Inc.
5.50%, 11/15/2040		25,000		24,157
RPM International, Inc.
5.25%, 6/1/2045		20,000		18,993
4.25%, 1/15/2048		20,000		16,412
Sherwin-Williams Co. (The)
4.00%, 12/15/2042		25,000		21,019
4.55%, 8/1/2045		25,000		22,316
3.80%, 8/15/2049		40,000		31,988
3.30%, 5/15/2050		30,000		21,652

				882,982

Commercial Services & Supplies - 0.3%
Republic Services, Inc.
5.00%, 4/1/2034		50,000		50,507
5.70%, 5/15/2041		25,000		26,873
Waste Management, Inc.
3.90%, 3/1/2035		25,000		22,499
2.95%, 6/1/2041		15,000		11,464

				111,343

Communications Equipment - 1.2%
Cisco Systems, Inc.
5.90%, 2/15/2039		145,000		160,113
5.50%, 1/15/2040		145,000		154,717
Juniper Networks, Inc.
5.95%, 3/15/2041		30,000		30,479
Motorola Solutions, Inc.
5.50%, 9/1/2044		30,000		29,663


Investments	Principal Amount ($)		Value ($)
Nokia OYJ
6.63%, 5/15/2039		25,000		24,565

				399,537

Construction & Engineering - 0.2%
Quanta Services, Inc.
3.05%, 10/1/2041		20,000		14,275
Valmont Industries, Inc.
5.00%, 10/1/2044		25,000		22,231
5.25%, 10/1/2054		25,000		21,899

				58,405

Construction Materials - 0.2%
Lafarge SA
7.13%, 7/15/2036		25,000		28,595
Vulcan Materials Co.
4.50%, 6/15/2047		50,000		44,657

				73,252

Consumer Staples Distribution & Retail - 1.4%
Kroger Co. (The)
6.90%, 4/15/2038		25,000		28,547
5.40%, 7/15/2040		25,000		24,475
5.00%, 4/15/2042		25,000		23,427
5.15%, 8/1/2043		25,000		23,850
Sysco Corp.
6.60%, 4/1/2040		35,000		39,242
4.85%, 10/1/2045		50,000		46,680
4.50%, 4/1/2046		35,000		30,694
4.45%, 3/15/2048		50,000		43,441
6.60%, 4/1/2050		120,000		139,728
3.15%, 12/14/2051		20,000		14,049
Walmart, Inc.
4.88%, 7/8/2040		25,000		25,330
4.50%, 4/15/2053		25,000		23,741

				463,204

Containers & Packaging - 0.1%
Packaging Corp. of America
3.05%, 10/1/2051		75,000		51,642

Diversified REITs - 0.1%
VICI Properties LP
REIT, 5.63%, 5/15/2052		50,000		47,117

Diversified Telecommunication Services - 0.4%
AT&T, Inc.
3.65%, 9/15/2059		50,000		35,290
Bell Canada (The)
4.46%, 4/1/2048		50,000		44,583
4.30%, 7/29/2049		15,000		12,837
Telefonica Emisiones SA
5.21%, 3/8/2047		20,000		18,565
TELUS Corp.
4.30%, 6/15/2049		15,000		12,624

				123,899

Electric Utilities - 4.1%
Alabama Power Co.
5.50%, 3/15/2041		20,000		20,069
Series 11-C, 5.20%, 6/1/2041		25,000		24,460


Investments	Principal Amount ($)		Value ($)
4.10%, 1/15/2042		25,000		20,771
3.00%, 3/15/2052		25,000		17,225
Arizona Public Service Co.
4.70%, 1/15/2044		25,000		21,312
Cleco Corporate Holdings LLC
4.97%, 5/1/2046(a)		10,000		8,466
Duke Energy Corp.
3.50%, 6/15/2051		50,000		36,125
Duke Energy Indiana LLC
4.20%, 3/15/2042		25,000		21,338
Series YYY, 3.25%, 10/1/2049		25,000		17,653
5.40%, 4/1/2053		35,000		34,944
Emera US Finance LP
4.75%, 6/15/2046		30,000		24,790
Georgia Power Co.
5.40%, 6/1/2040		20,000		19,521
Series 10-C, 4.75%, 9/1/2040		25,000		23,483
4.30%, 3/15/2042		10,000		8,853
Idaho Power Co.
5.50%, 3/15/2053		25,000		25,166
5.80%, 4/1/2054		50,000		52,596
Interstate Power and Light Co.
6.25%, 7/15/2039		25,000		26,966
4.70%, 10/15/2043		25,000		21,820
3.10%, 11/30/2051		25,000		16,510
Kentucky Utilities Co.
5.13%, 11/1/2040		50,000		48,670
4.38%, 10/1/2045		25,000		21,637
3.30%, 6/1/2050		35,000		25,125
Louisville Gas and Electric Co.
5.13%, 11/15/2040		20,000		18,835
MidAmerican Energy Co.
2.70%, 8/1/2052		25,000		15,944
Mississippi Power Co.
Series 12-A, 4.25%, 3/15/2042		25,000		21,379
Series B, 3.10%, 7/30/2051		25,000		16,712
Nevada Power Co.
Series R, 6.75%, 7/1/2037		25,000		28,088
5.38%, 9/15/2040		25,000		24,690
5.45%, 5/15/2041		25,000		24,543
Series EE, 3.13%, 8/1/2050		25,000		16,987
Series GG, 5.90%, 5/1/2053		25,000		26,417
Oklahoma Gas and Electric Co.
5.85%, 6/1/2040		50,000		51,515
5.25%, 5/15/2041		25,000		23,993
5.60%, 4/1/2053		30,000		31,297
Pacific Gas and Electric Co.
4.95%, 7/1/2050		15,000		13,072
PacifiCorp
6.10%, 8/1/2036		25,000		26,283
5.75%, 4/1/2037		25,000		25,788
6.25%, 10/15/2037		25,000		26,637
6.00%, 1/15/2039		25,000		26,207


Investments	Principal Amount ($)		Value ($)
4.13%, 1/15/2049		25,000		20,045
4.15%, 2/15/2050		25,000		20,006
3.30%, 3/15/2051		25,000		17,048
2.90%, 6/15/2052		50,000		31,782
5.35%, 12/1/2053		25,000		23,646
5.50%, 5/15/2054		25,000		24,150
5.80%, 1/15/2055		25,000		25,046
PPL Electric Utilities Corp.
5.20%, 7/15/2041		20,000		19,530
Public Service Co. of Colorado
4.75%, 8/15/2041		25,000		22,688
Series 34, 3.20%, 3/1/2050		20,000		14,009
Public Service Electric and Gas Co.
5.38%, 11/1/2039		25,000		24,971
Southwestern Public Service Co.
4.50%, 8/15/2041		25,000		22,106
Series 8, 3.15%, 5/1/2050		50,000		33,786
Tucson Electric Power Co.
5.50%, 4/15/2053		35,000		35,380
Union Electric Co.
3.25%, 10/1/2049		25,000		17,463
3.90%, 4/1/2052		40,000		32,261
Xcel Energy, Inc.
4.80%, 9/15/2041		25,000		22,518

				1,362,322

Electrical Equipment - 0.5%
ABB Finance USA, Inc.
4.38%, 5/8/2042		25,000		22,735
Eaton Corp.
4.70%, 8/23/2052		30,000		28,812
Emerson Electric Co.
6.13%, 4/15/2039		25,000		27,401
2.75%, 10/15/2050		25,000		16,722
2.80%, 12/21/2051		25,000		16,716
Rockwell Automation, Inc.
6.25%, 12/1/2037		25,000		27,777
2.80%, 8/15/2061		25,000		15,662

				155,825

Electronic Equipment, Instruments & Components - 0.6%
Corning, Inc.
4.75%, 3/15/2042		35,000		32,283
5.35%, 11/15/2048		35,000		34,829
5.85%, 11/15/2068		25,000		25,179
5.45%, 11/15/2079		50,000		48,480
Tyco Electronics Group SA
7.13%, 10/1/2037		40,000		47,268

				188,039

Entertainment - 0.1%
Electronic Arts, Inc.
2.95%, 2/15/2051		50,000		34,408

Financial Services - 2.3%
Corebridge Financial, Inc.
4.35%, 4/5/2042		50,000		42,796
Fidelity National Information Services, Inc.
5.63%, 7/15/2052		15,000		15,337


Investments	Principal Amount ($)		Value ($)
Fiserv, Inc.
4.40%, 7/1/2049		145,000		126,276
Global Payments, Inc.
4.15%, 8/15/2049		10,000		7,910
Mastercard, Inc.
3.80%, 11/21/2046		25,000		21,533
3.95%, 2/26/2048		30,000		26,259
3.85%, 3/26/2050		100,000		85,505
2.95%, 3/15/2051		20,000		14,464
Shell International Finance BV
6.38%, 12/15/2038		20,000		23,000
Visa, Inc.
2.70%, 4/15/2040		80,000		61,111
4.30%, 12/14/2045		250,000		229,990
3.65%, 9/15/2047		55,000		45,774
Voya Financial, Inc.
5.70%, 7/15/2043		30,000		29,784
Western Union Co. (The)
6.20%, 11/17/2036		35,000		36,092
6.20%, 6/21/2040		20,000		20,524

				786,355

Food Products - 0.7%
General Mills, Inc.
5.40%, 6/15/2040		25,000		25,113
4.15%, 2/15/2043		25,000		21,316
Hershey Co. (The)
2.65%, 6/1/2050		10,000		6,697
Ingredion, Inc.
6.63%, 4/15/2037		25,000		27,662
3.90%, 6/1/2050		35,000		25,649
J M Smucker Co. (The)
6.50%, 11/15/2053		30,000		33,896
Kraft Heinz Foods Co.
6.88%, 1/26/2039		25,000		29,055
Mead Johnson Nutrition Co.
5.90%, 11/1/2039		25,000		27,138
4.60%, 6/1/2044		25,000		23,120

				219,646

Gas Utilities - 0.4%
Atmos Energy Corp.
3.38%, 9/15/2049		25,000		18,559
2.85%, 2/15/2052		50,000		33,112
5.75%, 10/15/2052		25,000		27,134
6.20%, 11/15/2053		25,000		28,609
Piedmont Natural Gas Co., Inc.
3.35%, 6/1/2050		25,000		17,138

				124,552

Ground Transportation - 3.5%
Burlington Northern Santa Fe LLC
6.15%, 5/1/2037		25,000		28,052
5.75%, 5/1/2040		40,000		43,081
5.40%, 6/1/2041		50,000		51,964
4.40%, 3/15/2042		75,000		69,228
4.45%, 3/15/2043		100,000		92,881
5.15%, 9/1/2043		50,000		50,888
4.55%, 9/1/2044		25,000		23,242
4.15%, 12/15/2048		5,000		4,326


Investments	Principal Amount ($)		Value ($)
3.05%, 2/15/2051		75,000		53,408
3.30%, 9/15/2051		65,000		48,687
2.88%, 6/15/2052		90,000		61,554
4.45%, 1/15/2053		70,000		64,076
5.20%, 4/15/2054		80,000		81,537
Canadian National Railway Co.
6.20%, 6/1/2036		50,000		55,758
4.40%, 8/5/2052		45,000		41,059
Canadian Pacific Railway Co.
5.75%, 1/15/2042		50,000		50,516
6.13%, 9/15/2115		50,000		54,984
CSX Corp.
5.50%, 4/15/2041		25,000		25,969
4.50%, 8/1/2054		15,000		13,583
4.25%, 11/1/2066		50,000		41,765
4.65%, 3/1/2068		25,000		22,539
Norfolk Southern Corp.
5.10%, 8/1/2118		25,000		22,625
4.10%, 5/15/2121		15,000		11,215
Union Pacific Corp.
3.95%, 8/15/2059		25,000		20,344
3.84%, 3/20/2060		50,000		39,897
3.55%, 5/20/2061		25,000		18,628
5.15%, 1/20/2063		25,000		24,997
4.10%, 9/15/2067		25,000		20,485
3.75%, 2/5/2070		30,000		22,904
3.80%, 4/6/2071		25,000		19,286

				1,179,478

Health Care Equipment & Supplies - 0.7%
Abbott Laboratories
6.15%, 11/30/2037		40,000		45,537
5.30%, 5/27/2040		25,000		26,505
Boston Scientific Corp.
4.55%, 3/1/2039		75,000		72,033
4.70%, 3/1/2049		10,000		9,432
Stryker Corp.
4.10%, 4/1/2043		25,000		22,059
4.38%, 5/15/2044		25,000		22,608
Zimmer Biomet Holdings, Inc.
4.25%, 8/15/2035		25,000		22,544

				220,718

Health Care Providers & Services - 3.1%
Cardinal Health, Inc.
4.60%, 3/15/2043		30,000		26,453
4.37%, 6/15/2047		110,000		93,361
Cencora, Inc.
4.25%, 3/1/2045		35,000		31,294
4.30%, 12/15/2047		35,000		31,182
Elevance Health, Inc.
6.38%, 6/15/2037		25,000		27,626
4.65%, 8/15/2044		50,000		46,128
4.85%, 8/15/2054		25,000		21,889
HCA, Inc.
5.25%, 6/15/2049		30,000		27,767
McKesson Corp.
4.88%, 3/15/2044		25,000		22,452


Investments	Principal Amount ($)		Value ($)
OhioHealth Corp.
2.83%, 11/15/2041		10,000		7,421
Series 2020, 3.04%, 11/15/2050		20,000		14,476
Quest Diagnostics, Inc.
4.70%, 3/30/2045		25,000		22,586
UnitedHealth Group, Inc.
6.63%, 11/15/2037		100,000		117,250
4.75%, 5/15/2052		30,000		28,415
5.88%, 2/15/2053		75,000		83,239
5.05%, 4/15/2053		25,000		24,844
3.88%, 8/15/2059		100,000		80,163
3.13%, 5/15/2060		50,000		34,603
4.95%, 5/15/2062		75,000		72,486
6.05%, 2/15/2063		110,000		125,560
5.20%, 4/15/2063		100,000		100,226

				1,039,421

Hotels, Restaurants & Leisure - 2.0%
Darden Restaurants, Inc.
4.55%, 2/15/2048		20,000		16,553
Marriott International, Inc.
4.50%, 10/1/2034		25,000		23,061
McDonald’s Corp.
4.70%, 12/9/2035		50,000		49,395
6.30%, 10/15/2037		50,000		56,272
6.30%, 3/1/2038		45,000		50,852
5.70%, 2/1/2039		25,000		26,770
3.70%, 2/15/2042		35,000		29,270
3.63%, 5/1/2043		10,000		8,121
4.60%, 5/26/2045		40,000		37,198
4.88%, 12/9/2045		65,000		62,948
4.45%, 3/1/2047		65,000		58,490
4.45%, 9/1/2048		70,000		63,224
3.63%, 9/1/2049		120,000		93,995
4.20%, 4/1/2050		50,000		42,916
5.15%, 9/9/2052		65,000		64,934

				683,999

Household Durables - 0.2%
MDC Holdings, Inc.
6.00%, 1/15/2043		20,000		20,290
3.97%, 8/6/2061		25,000		18,409
PulteGroup, Inc.
6.00%, 2/15/2035		25,000		26,472

				65,171

Household Products - 0.6%
Church & Dwight Co., Inc.
5.00%, 6/15/2052		50,000		48,631
Kimberly-Clark Corp.
6.63%, 8/1/2037		50,000		59,453
5.30%, 3/1/2041		25,000		25,673
3.70%, 6/1/2043		25,000		19,853
3.20%, 7/30/2046		25,000		18,929
3.90%, 5/4/2047		25,000		20,801

				193,340

Independent Power and Renewable Electricity Producers - 0.8%
Constellation Energy Generation LLC
6.25%, 10/1/2039		25,000		26,736


Investments	Principal Amount ($)		Value ($)
5.75%, 10/1/2041		25,000		24,995
5.60%, 6/15/2042		50,000		49,739
6.50%, 10/1/2053		75,000		83,827
Southern Power Co.
5.15%, 9/15/2041		50,000		47,210
5.25%, 7/15/2043		25,000		23,677
Series F, 4.95%, 12/15/2046		25,000		22,704

				278,888

Industrial Conglomerates - 0.2%
Honeywell International, Inc.
5.70%, 3/15/2036		50,000		54,274

Insurance - 6.6%
Aflac, Inc.
6.45%, 8/15/2040		20,000		22,222
4.00%, 10/15/2046		25,000		20,616
4.75%, 1/15/2049		50,000		47,249
Alleghany Corp.
4.90%, 9/15/2044		25,000		24,219
3.25%, 8/15/2051		25,000		18,692
American Financial Group, Inc.
4.50%, 6/15/2047		35,000		29,365
Aon Corp.
3.90%, 2/28/2052		50,000		39,412
Aon Global Ltd.
4.45%, 5/24/2043		50,000		42,210
4.60%, 6/14/2044		55,000		49,255
4.75%, 5/15/2045		80,000		73,078
Arch Capital Group Ltd.
7.35%, 5/1/2034		20,000		22,913
3.64%, 6/30/2050		165,000		126,573
Arthur J Gallagher & Co.
6.50%, 2/15/2034		25,000		27,425
3.50%, 5/20/2051		70,000		50,782
3.05%, 3/9/2052		10,000		6,515
5.75%, 3/2/2053		45,000		45,924
6.75%, 2/15/2054		45,000		52,016
Assurant, Inc.
6.75%, 2/15/2034		25,000		26,617
Athene Holding Ltd.
3.95%, 5/25/2051		50,000		37,702
3.45%, 5/15/2052		10,000		6,801
Berkshire Hathaway Finance Corp.
5.75%, 1/15/2040		55,000		61,344
4.30%, 5/15/2043		35,000		32,615
4.20%, 8/15/2048		25,000		22,603
2.85%, 10/15/2050		10,000		6,908
3.85%, 3/15/2052		190,000		157,187
Brown & Brown, Inc.
4.95%, 3/17/2052		50,000		44,583
Cincinnati Financial Corp.
6.13%, 11/1/2034		25,000		26,425
Everest Reinsurance Holdings, Inc.
4.87%, 6/1/2044		25,000		23,094
Hartford Financial Services Group, Inc. (The)
5.95%, 10/15/2036		25,000		26,608


Investments	Principal Amount ($)		Value ($)
6.63%, 3/30/2040		25,000		27,364
6.10%, 10/1/2041		25,000		26,786
4.30%, 4/15/2043		25,000		21,799
4.40%, 3/15/2048		35,000		30,964
Markel Group, Inc.
5.00%, 3/30/2043		25,000		22,933
5.00%, 4/5/2046		35,000		32,181
5.00%, 5/20/2049		50,000		46,057
4.15%, 9/17/2050		50,000		40,177
3.45%, 5/7/2052		25,000		17,613
Marsh & McLennan Cos., Inc.
4.75%, 3/15/2039		25,000		24,468
4.35%, 1/30/2047		25,000		21,987
4.20%, 3/1/2048		50,000		43,186
4.90%, 3/15/2049		35,000		33,492
2.90%, 12/15/2051		35,000		23,211
6.25%, 11/1/2052		45,000		51,179
5.45%, 3/15/2053		50,000		51,903
5.70%, 9/15/2053		75,000		80,717
MetLife, Inc.
10.75%, 8/1/2039		20,000		27,104
Old Republic International Corp.
3.85%, 6/11/2051		50,000		37,281
Principal Financial Group, Inc.
6.05%, 10/15/2036		10,000		10,738
4.63%, 9/15/2042		25,000		22,984
4.35%, 5/15/2043		25,000		22,469
4.30%, 11/15/2046		25,000		21,304
5.50%, 3/15/2053		20,000		20,146
Progressive Corp. (The)
4.35%, 4/25/2044		25,000		22,854
Prudential Financial, Inc.
4.35%, 2/25/2050		5,000		4,390
Selective Insurance Group, Inc.
5.38%, 3/1/2049		25,000		24,045
Transatlantic Holdings, Inc.
8.00%, 11/30/2039		25,000		33,051
Travelers Cos., Inc. (The)
5.45%, 5/25/2053		10,000		10,644
Trinity Acquisition plc
6.13%, 8/15/2043		25,000		25,078
Unum Group
5.75%, 8/15/2042		25,000		24,856
4.13%, 6/15/2051		20,000		15,150
W R Berkley Corp.
4.75%, 8/1/2044		25,000		22,260
4.00%, 5/12/2050		20,000		15,679
3.55%, 3/30/2052		70,000		49,409
3.15%, 9/30/2061		20,000		12,433
Willis North America, Inc.
5.05%, 9/15/2048		30,000		27,451

				2,216,296

Interactive Media & Services - 1.8%
Meta Platforms, Inc.
4.45%, 8/15/2052		230,000		207,019
5.60%, 5/15/2053		150,000		160,080
4.65%, 8/15/2062		100,000		91,677


Investments	Principal Amount ($)		Value ($)
5.75%, 5/15/2063		135,000		146,412

				605,188

IT Services - 1.9%
International Business Machines Corp.
4.15%, 5/15/2039		90,000		81,794
5.60%, 11/30/2039		50,000		53,296
4.00%, 6/20/2042		105,000		91,346
4.25%, 5/15/2049		270,000		234,749
2.95%, 5/15/2050		10,000		6,815
3.43%, 2/9/2052		10,000		7,400
4.90%, 7/27/2052		130,000		124,327
5.10%, 2/6/2053		20,000		19,583
7.13%, 12/1/2096		25,000		31,426

				650,736

Leisure Products - 0.1%
Brunswick Corp.
5.10%, 4/1/2052		15,000		12,149
Mattel, Inc.
6.20%, 10/1/2040		25,000		24,701

				36,850

Machinery - 0.8%
Dover Corp.
6.60%, 3/15/2038		25,000		27,950
5.38%, 3/1/2041		25,000		25,060
Fortive Corp.
4.30%, 6/15/2046		50,000		42,062
Illinois Tool Works, Inc.
4.88%, 9/15/2041		45,000		44,891
Otis Worldwide Corp.
3.11%, 2/15/2040		25,000		19,853
3.36%, 2/15/2050		50,000		37,631
Snap-on, Inc.
4.10%, 3/1/2048		25,000		21,601
3.10%, 5/1/2050		25,000		18,039
Xylem, Inc.
4.38%, 11/1/2046		25,000		21,737

				258,824

Media - 2.9%
Charter Communications Operating LLC
6.48%, 10/23/2045		110,000		105,787
5.38%, 5/1/2047		110,000		92,083
5.75%, 4/1/2048		100,000		87,184
5.13%, 7/1/2049		25,000		19,912
4.80%, 3/1/2050		80,000		61,073
4.40%, 12/1/2061		75,000		50,418
5.50%, 4/1/2063		25,000		20,291
Comcast Corp.
6.45%, 3/15/2037		25,000		28,176
6.40%, 3/1/2040		25,000		27,525
2.89%, 11/1/2051		25,000		16,551
5.35%, 5/15/2053		15,000		15,289
2.94%, 11/1/2056		35,000		22,619
2.99%, 11/1/2063		50,000		31,584
Fox Corp.
5.48%, 1/25/2039		100,000		97,922
5.58%, 1/25/2049		100,000		96,012


Investments	Principal Amount ($)		Value ($)
Interpublic Group of Cos., Inc. (The)
3.38%, 3/1/2041		45,000		34,017
5.40%, 10/1/2048		30,000		28,221
Time Warner Cable LLC
6.75%, 6/15/2039		60,000		59,602
5.88%, 11/15/2040		20,000		18,167
5.50%, 9/1/2041		45,000		39,606
4.50%, 9/15/2042		25,000		19,763

				971,802

Metals & Mining - 1.3%
ArcelorMittal SA
7.00%, 10/15/2039(a)		50,000		54,494
6.75%, 3/1/2041(a)		35,000		36,701
Freeport-McMoRan, Inc.
5.45%, 3/15/2043		20,000		19,238
Nucor Corp.
6.40%, 12/1/2037		20,000		22,588
2.98%, 12/15/2055		25,000		16,734
Reliance Steel & Aluminum Co.
6.85%, 11/15/2036		25,000		27,309
Rio Tinto Alcan, Inc.
5.75%, 6/1/2035		50,000		52,533
Rio Tinto Finance USA Ltd.
5.20%, 11/2/2040		80,000		81,472
Southern Copper Corp.
5.88%, 4/23/2045		25,000		25,210
Steel Dynamics, Inc.
3.25%, 10/15/2050		20,000		13,667
Vale Overseas Ltd.
6.88%, 11/21/2036		30,000		32,474
6.88%, 11/10/2039		25,000		27,208
Vale SA
5.63%, 9/11/2042		35,000		34,383

				444,011

Multi-Utilities - 1.7%
Ameren Illinois Co.
4.80%, 12/15/2043		20,000		18,280
4.30%, 7/1/2044		20,000		17,082
Berkshire Hathaway Energy Co.
6.13%, 4/1/2036		35,000		37,966
5.95%, 5/15/2037		25,000		26,711
5.15%, 11/15/2043		25,000		24,776
3.80%, 7/15/2048		25,000		19,632
4.45%, 1/15/2049		25,000		21,685
4.25%, 10/15/2050		25,000		20,789
2.85%, 5/15/2051		50,000		33,357
4.60%, 5/1/2053		20,000		17,667
Consolidated Edison Co. of New York, Inc.
Series 09-C, 5.50%, 12/1/2039		20,000		20,298
Series 12-A, 4.20%, 3/15/2042		25,000		21,537
4.63%, 12/1/2054		25,000		22,379
Series C, 4.30%, 12/1/2056		25,000		20,999
Series C, 4.00%, 11/15/2057		25,000		20,002
4.50%, 5/15/2058		25,000		21,794


Investments	Principal Amount ($)		Value ($)
3.70%, 11/15/2059		20,000		14,762
Series C, 3.00%, 12/1/2060		25,000		15,975
3.60%, 6/15/2061		20,000		14,844
Southern Co. Gas Capital Corp.
6.00%, 10/1/2034		20,000		20,384
5.88%, 3/15/2041		50,000		51,269
4.40%, 6/1/2043		25,000		21,309
3.95%, 10/1/2046		25,000		19,643
4.40%, 5/30/2047		25,000		21,193
Series 21A, 3.15%, 9/30/2051		25,000		16,857

				561,190

Office REITs - 0.1%
Alexandria Real Estate Equities, Inc.
REIT, 4.75%, 4/15/2035		20,000		19,258

Oil, Gas & Consumable Fuels - 17.9%
Apache Corp.
5.10%, 9/1/2040		125,000		107,218
5.25%, 2/1/2042		25,000		20,914
4.75%, 4/15/2043		25,000		19,671
5.35%, 7/1/2049		25,000		20,442
BP Capital Markets America, Inc.
3.38%, 2/8/2061		150,000		105,898
Canadian Natural Resources Ltd.
6.50%, 2/15/2037		35,000		37,326
6.25%, 3/15/2038		80,000		84,056
6.75%, 2/1/2039		50,000		54,435
4.95%, 6/1/2047		50,000		45,158
Cenovus Energy, Inc.
5.25%, 6/15/2037		10,000		9,575
6.75%, 11/15/2039		25,000		27,559
5.40%, 6/15/2047		37,000		34,836
3.75%, 2/15/2052		45,000		33,012
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/2039		25,000		19,958
ConocoPhillips Co.
5.95%, 3/15/2046		25,000		26,838
3.80%, 3/15/2052		75,000		59,327
5.30%, 5/15/2053		40,000		40,434
5.55%, 3/15/2054		75,000		78,348
4.03%, 3/15/2062		130,000		103,883
5.70%, 9/15/2063		45,000		47,601
Continental Resources, Inc.
4.90%, 6/1/2044		50,000		40,916
Devon Energy Corp.
5.60%, 7/15/2041		90,000		86,765
4.75%, 5/15/2042		50,000		43,703
5.00%, 6/15/2045		65,000		57,821
Diamondback Energy, Inc.
4.40%, 3/24/2051		45,000		37,067
4.25%, 3/15/2052		55,000		44,177
6.25%, 3/15/2053		40,000		42,497
Eastern Gas Transmission & Storage, Inc.
4.80%, 11/1/2043		25,000		22,485
4.60%, 12/15/2044		25,000		21,474
3.90%, 11/15/2049		25,000		18,244


Investments	Principal Amount ($)		Value ($)
Enbridge Energy Partners LP
5.50%, 9/15/2040		40,000		39,834
7.38%, 10/15/2045		45,000		52,954
Enbridge, Inc.
6.70%, 11/15/2053		25,000		28,887
Energy Transfer LP
6.63%, 10/15/2036		25,000		26,914
5.80%, 6/15/2038		25,000		25,257
7.50%, 7/1/2038		25,000		29,095
6.05%, 6/1/2041		15,000		15,205
6.50%, 2/1/2042		30,000		31,838
4.95%, 1/15/2043		25,000		21,752
5.15%, 2/1/2043		25,000		22,577
5.95%, 10/1/2043		25,000		24,807
5.30%, 4/1/2044		25,000		23,315
5.00%, 5/15/2044(a)		15,000		13,236
5.15%, 3/15/2045		25,000		22,945
5.35%, 5/15/2045		25,000		23,249
6.13%, 12/15/2045		40,000		40,816
5.30%, 4/15/2047		25,000		22,992
5.40%, 10/1/2047		60,000		55,786
6.00%, 6/15/2048		60,000		60,388
6.25%, 4/15/2049		75,000		77,821
5.00%, 5/15/2050		145,000		129,115
Enterprise Products Operating LLC
7.55%, 4/15/2038		50,000		61,423
6.45%, 9/1/2040		25,000		28,028
5.95%, 2/1/2041		50,000		53,922
4.85%, 8/15/2042		25,000		23,842
4.45%, 2/15/2043		100,000		91,156
4.85%, 3/15/2044		100,000		96,093
5.10%, 2/15/2045		100,000		98,235
3.70%, 1/31/2051		75,000		58,985
3.20%, 2/15/2052		50,000		35,862
3.30%, 2/15/2053		75,000		54,835
3.95%, 1/31/2060		75,000		59,996
EOG Resources, Inc.
5.10%, 1/15/2036		25,000		24,976
Exxon Mobil Corp.
4.33%, 3/19/2050		50,000		44,674
Kinder Morgan Energy Partners LP
6.50%, 2/1/2037		25,000		26,307
6.95%, 1/15/2038		50,000		55,305
6.50%, 9/1/2039		25,000		26,494
6.55%, 9/15/2040		25,000		26,573
7.50%, 11/15/2040		25,000		28,487
6.38%, 3/1/2041		25,000		25,897
5.63%, 9/1/2041		25,000		24,092
5.00%, 8/15/2042		50,000		44,842
4.70%, 11/1/2042		25,000		21,713
5.00%, 3/1/2043		50,000		44,994
5.50%, 3/1/2044		50,000		47,610
5.40%, 9/1/2044		75,000		70,290
Kinder Morgan, Inc.
5.30%, 12/1/2034		25,000		24,797
5.55%, 6/1/2045		75,000		72,278
5.05%, 2/15/2046		25,000		22,443
5.20%, 3/1/2048		25,000		22,842


Investments	Principal Amount ($)		Value ($)
3.60%, 2/15/2051		50,000		35,419
5.45%, 8/1/2052		40,000		38,098
Magellan Midstream Partners LP
4.20%, 12/1/2042		25,000		19,467
5.15%, 10/15/2043		25,000		23,244
4.20%, 3/15/2045		25,000		18,977
4.25%, 9/15/2046		25,000		20,202
4.20%, 10/3/2047		35,000		27,688
4.85%, 2/1/2049		25,000		21,982
3.95%, 3/1/2050		25,000		18,908
Marathon Oil Corp.
5.20%, 6/1/2045		20,000		17,732
Marathon Petroleum Corp.
6.50%, 3/1/2041		50,000		54,452
4.75%, 9/15/2044		25,000		22,568
5.85%, 12/15/2045		10,000		10,015
4.50%, 4/1/2048		15,000		12,684
5.00%, 9/15/2054		25,000		22,066
MPLX LP
4.50%, 4/15/2038		50,000		44,997
5.20%, 3/1/2047		50,000		46,396
5.20%, 12/1/2047		25,000		22,687
4.70%, 4/15/2048		50,000		43,068
5.50%, 2/15/2049		55,000		52,958
4.95%, 3/14/2052		50,000		44,426
5.65%, 3/1/2053		25,000		24,667
4.90%, 4/15/2058		25,000		21,352
Occidental Petroleum Corp.
6.45%, 9/15/2036		125,000		133,344
7.95%, 6/15/2039		30,000		35,030
6.20%, 3/15/2040		30,000		30,715
4.63%, 6/15/2045		25,000		20,500
6.60%, 3/15/2046		85,000		91,805
4.40%, 4/15/2046		25,000		20,499
4.10%, 2/15/2047		25,000		18,047
4.20%, 3/15/2048		10,000		7,718
4.40%, 8/15/2049		25,000		18,604
ONEOK Partners LP
6.65%, 10/1/2036		25,000		27,159
6.85%, 10/15/2037		25,000		27,361
6.13%, 2/1/2041		40,000		41,799
6.20%, 9/15/2043		25,000		26,145
ONEOK, Inc.
4.95%, 7/13/2047		25,000		22,388
5.20%, 7/15/2048		25,000		23,072
6.63%, 9/1/2053		65,000		71,581
Ovintiv, Inc.
7.10%, 7/15/2053		15,000		16,690
Phillips 66
3.30%, 3/15/2052		75,000		53,317
Plains All American Pipeline LP
6.65%, 1/15/2037		50,000		53,836
5.15%, 6/1/2042		25,000		22,753
4.30%, 1/31/2043		25,000		20,274
4.70%, 6/15/2044		50,000		42,658
4.90%, 2/15/2045		50,000		43,736
Spectra Energy Partners LP
5.95%, 9/25/2043		30,000		30,732


Investments	Principal Amount ($)		Value ($)
Suncor Energy, Inc.
6.80%, 5/15/2038		75,000		82,508
6.50%, 6/15/2038		40,000		43,102
6.85%, 6/1/2039		25,000		27,804
4.00%, 11/15/2047		25,000		19,858
3.75%, 3/4/2051		20,000		15,011
Targa Resources Corp.
6.50%, 3/30/2034		25,000		26,956
4.95%, 4/15/2052		20,000		17,442
6.25%, 7/1/2052		10,000		10,336
6.50%, 2/15/2053		20,000		21,569
Valero Energy Corp.
6.63%, 6/15/2037		50,000		55,010
4.90%, 3/15/2045		50,000		46,169
3.65%, 12/1/2051		50,000		36,651
4.00%, 6/1/2052		30,000		23,459
Western Midstream Operating LP
5.45%, 4/1/2044		25,000		22,676
5.30%, 3/1/2048		60,000		52,602
5.25%, 2/1/2050(a)		100,000		89,373
Williams Cos., Inc. (The)
6.30%, 4/15/2040		40,000		42,790
5.80%, 11/15/2043		25,000		25,571
5.40%, 3/4/2044		25,000		24,157
5.75%, 6/24/2044		50,000		50,759
4.90%, 1/15/2045		25,000		22,801
5.10%, 9/15/2045		50,000		47,591
4.85%, 3/1/2048		25,000		22,742
3.50%, 10/15/2051		50,000		36,248
5.30%, 8/15/2052		50,000		48,596

				5,973,009

Pharmaceuticals - 3.6%
AstraZeneca plc
6.45%, 9/15/2037		25,000		29,120
Bristol-Myers Squibb Co.
4.25%, 10/26/2049		10,000		8,547
3.70%, 3/15/2052		10,000		7,773
6.25%, 11/15/2053		25,000		28,291
3.90%, 3/15/2062		75,000		57,539
6.40%, 11/15/2063		90,000		103,439
Eli Lilly & Co.
5.55%, 3/15/2037		30,000		32,584
5.95%, 11/15/2037		25,000		27,760
4.88%, 2/27/2053		50,000		50,302
4.15%, 3/15/2059		35,000		30,789
2.50%, 9/15/2060		30,000		18,282
4.95%, 2/27/2063		75,000		76,049
GlaxoSmithKline Capital, Inc.
6.38%, 5/15/2038		20,000		23,244
Johnson & Johnson
3.63%, 3/3/2037		25,000		22,742
5.85%, 7/15/2038		50,000		56,828
2.45%, 9/1/2060		50,000		30,485
Merck & Co., Inc.
6.55%, 9/15/2037		25,000		28,710
4.15%, 5/18/2043		50,000		45,160
4.00%, 3/7/2049		25,000		21,586


Investments	Principal Amount ($)		Value ($)
2.75%, 12/10/2051		55,000		36,918
5.00%, 5/17/2053		110,000		110,192
2.90%, 12/10/2061		100,000		64,792
5.15%, 5/17/2063		75,000		76,272
Merck Sharp & Dohme Corp.
5.75%, 11/15/2036		25,000		27,131
Pfizer Investment Enterprises Pte. Ltd.
5.34%, 5/19/2063		25,000		24,979
Zoetis, Inc.
4.70%, 2/1/2043		75,000		70,457
3.95%, 9/12/2047		25,000		20,735
4.45%, 8/20/2048		50,000		44,719
3.00%, 5/15/2050		25,000		17,667

				1,193,092

Professional Services - 0.2%
Verisk Analytics, Inc.
5.50%, 6/15/2045		25,000		24,222
3.63%, 5/15/2050		50,000		37,291

				61,513

Real Estate Management & Development - 0.2%
CBRE Services, Inc.
5.95%, 8/15/2034		55,000		56,903

Residential REITs - 0.1%
ERP Operating LP
REIT, 4.50%, 6/1/2045		25,000		21,146

Retail REITs - 0.2%
NNN REIT, Inc.
REIT, 4.80%, 10/15/2048		50,000		44,266
Regency Centers LP
REIT, 4.40%, 2/1/2047		10,000		8,280

				52,546

Semiconductors & Semiconductor Equipment - 4.9%
Analog Devices, Inc.
2.80%, 10/1/2041		100,000		73,651
Applied Materials, Inc.
5.10%, 10/1/2035		50,000		52,107
5.85%, 6/15/2041		45,000		49,399
Broadcom, Inc.
3.47%, 4/15/2034(c)		160,000		138,975
3.14%, 11/15/2035(c)		165,000		135,633
3.19%, 11/15/2036(c)		120,000		97,481
4.93%, 5/15/2037(c)		90,000		86,800
3.50%, 2/15/2041(c)		185,000		147,884
3.75%, 2/15/2051(c)		65,000		51,068
KLA Corp.
5.65%, 11/1/2034		25,000		26,708
5.00%, 3/15/2049		20,000		19,656
4.95%, 7/15/2052		75,000		73,692
5.25%, 7/15/2062		55,000		55,878
Lam Research Corp.
4.88%, 3/15/2049		30,000		29,204
3.13%, 6/15/2060		70,000		47,461
NVIDIA Corp.
3.70%, 4/1/2060		20,000		16,571


Investments	Principal Amount ($)		Value ($)
NXP BV
3.25%, 5/11/2041		70,000		53,159
3.13%, 2/15/2042		50,000		36,883
3.25%, 11/30/2051		20,000		13,958
QUALCOMM, Inc.
4.50%, 5/20/2052		50,000		45,853
6.00%, 5/20/2053		85,000		96,620
Texas Instruments, Inc.
3.88%, 3/15/2039		40,000		36,714
4.15%, 5/15/2048		100,000		88,272
2.70%, 9/15/2051		20,000		13,266
4.10%, 8/16/2052		10,000		8,655
5.00%, 3/14/2053		50,000		49,963
5.05%, 5/18/2063		100,000		99,535

				1,645,046

Software - 3.3%
Intuit, Inc.
5.50%, 9/15/2053		100,000		106,683
Microsoft Corp.
2.53%, 6/1/2050		45,000		30,031
2.92%, 3/17/2052		100,000		71,779
4.00%, 2/12/2055		25,000		22,058
4.75%, 11/3/2055		25,000		24,962
3.95%, 8/8/2056		25,000		21,471
4.50%, 2/6/2057		30,000		29,325
2.68%, 6/1/2060		115,000		75,761
3.04%, 3/17/2062		60,000		42,203
Oracle Corp.
3.80%, 11/15/2037		25,000		21,340
6.50%, 4/15/2038		25,000		27,603
6.13%, 7/8/2039		105,000		112,503
3.60%, 4/1/2040		100,000		79,972
3.65%, 3/25/2041		100,000		79,577
4.13%, 5/15/2045		100,000		82,146
3.60%, 4/1/2050		50,000		36,794
6.90%, 11/9/2052		100,000		117,432
4.38%, 5/15/2055		39,000		32,126
3.85%, 4/1/2060		95,000		68,970
Salesforce, Inc.
3.05%, 7/15/2061		25,000		16,984

				1,099,720

Specialized REITs - 0.0%(d)
Weyerhaeuser Co.
REIT, 4.00%, 3/9/2052		15,000		12,172

Specialty Retail - 2.7%
Dick’s Sporting Goods, Inc.
4.10%, 1/15/2052		25,000		18,104
Home Depot, Inc. (The)
5.88%, 12/16/2036		115,000		127,534
3.30%, 4/15/2040		5,000		4,106
5.40%, 9/15/2040		35,000		36,703
5.95%, 4/1/2041		50,000		55,585
4.20%, 4/1/2043		50,000		44,939
4.40%, 3/15/2045		25,000		23,083
4.25%, 4/1/2046		25,000		22,431
4.50%, 12/6/2048		20,000		18,492


Investments	Principal Amount ($)		Value ($)
2.38%, 3/15/2051		35,000		21,653
2.75%, 9/15/2051		35,000		23,414
3.63%, 4/15/2052		110,000		87,012
4.95%, 9/15/2052		25,000		24,679
3.50%, 9/15/2056		75,000		58,083
Lowe’s Cos., Inc.
4.25%, 4/1/2052		50,000		42,070
5.63%, 4/15/2053		50,000		51,934
4.45%, 4/1/2062		100,000		83,873
5.80%, 9/15/2062		75,000		78,612
5.85%, 4/1/2063		40,000		42,136
Tiffany & Co.
4.90%, 10/1/2044		25,000		23,835
TJX Cos., Inc. (The)
4.50%, 4/15/2050		25,000		23,423

				911,701

Technology Hardware, Storage & Peripherals - 2.2%
Apple, Inc.
2.38%, 2/8/2041		25,000		18,221
3.85%, 5/4/2043		50,000		44,233
3.45%, 2/9/2045		25,000		20,680
4.38%, 5/13/2045		25,000		23,661
4.65%, 2/23/2046		50,000		49,100
3.85%, 8/4/2046		25,000		21,646
2.65%, 5/11/2050		25,000		16,889
2.65%, 2/8/2051		100,000		67,332
2.70%, 8/5/2051		75,000		50,749
3.95%, 8/8/2052		75,000		64,334
4.85%, 5/10/2053		25,000		25,248
2.80%, 2/8/2061		125,000		83,169
2.85%, 8/5/2061		100,000		67,383
4.10%, 8/8/2062		100,000		87,014
Dell International LLC
8.35%, 7/15/2046		9,000		11,739
HP, Inc.
6.00%, 9/15/2041		80,000		84,073

				735,471

Tobacco - 4.2%
Altria Group, Inc.
5.80%, 2/14/2039		100,000		102,230
3.40%, 2/4/2041		40,000		29,603
4.25%, 8/9/2042		120,000		98,365
4.50%, 5/2/2043		40,000		34,090
5.38%, 1/31/2044		125,000		123,174
3.88%, 9/16/2046		45,000		33,945
5.95%, 2/14/2049		175,000		175,474
3.70%, 2/4/2051		50,000		34,836
4.00%, 2/4/2061		25,000		18,258
BAT Capital Corp.
4.39%, 8/15/2037		50,000		42,188
4.54%, 8/15/2047		75,000		57,442
4.76%, 9/6/2049		25,000		19,678
5.28%, 4/2/2050		50,000		42,260
5.65%, 3/16/2052		25,000		22,213
7.08%, 8/2/2053		50,000		53,059
Philip Morris International, Inc.
6.38%, 5/16/2038		110,000		123,155


Investments	Principal Amount ($)		Value ($)
4.38%, 11/15/2041		50,000		44,584
4.50%, 3/20/2042		50,000		44,795
3.88%, 8/21/2042		50,000		41,080
4.13%, 3/4/2043		55,000		46,444
4.88%, 11/15/2043		65,000		61,004
4.25%, 11/10/2044		100,000		86,195
Reynolds American, Inc.
5.70%, 8/15/2035		25,000		24,508
5.85%, 8/15/2045		50,000		46,289

				1,404,869

Trading Companies & Distributors - 0.3%
WW Grainger, Inc.
4.60%, 6/15/2045		50,000		47,110
3.75%, 5/15/2046		50,000		41,520
4.20%, 5/15/2047		10,000		8,878

				97,508

Wireless Telecommunication Services - 0.4%
Rogers Communications, Inc.
7.50%, 8/15/2038		10,000		11,503
T-Mobile USA, Inc.
4.38%, 4/15/2040		25,000		22,561
3.00%, 2/15/2041		30,000		22,418
4.50%, 4/15/2050		20,000		17,511
5.65%, 1/15/2053		20,000		20,641
5.75%, 1/15/2054		20,000		21,030
3.60%, 11/15/2060		25,000		18,031

				133,695

TOTAL CORPORATE BONDS (COST $33,005,944)				32,504,207


Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 0.9%
U.S. Treasury Bonds 4.13%, 8/15/2053 (Cost $298,807)		300,000		294,984

Total Investments - 98.2% (Cost $33,304,751)				32,799,191
Other assets less liabilities - 1.8%				609,000

Net Assets - 100.0%				33,408,191

(a)	Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2024.

(b)	Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(c)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 96.9%

Aerospace & Defense - 2.5%
Bombardier, Inc. 7.13%, 6/15/2026(a)		1,925,000		1,941,041
7.88%, 4/15/2027(a)		2,025,000		2,022,409
6.00%, 2/15/2028(a)		950,000		925,542
7.50%, 2/1/2029(a)		700,000		713,480
BWX Technologies, Inc. 4.13%, 6/30/2028(a)		790,000		741,668
4.13%, 4/15/2029(a)		859,000		795,709
F-Brasile SpA
Series NR, 7.38%, 8/15/2026(a)		1,650,000		1,631,437
TransDigm, Inc. 6.25%, 3/15/2026(a)		4,625,000		4,593,544
5.50%, 11/15/2027		5,860,000		5,701,245
6.75%, 8/15/2028(a)		4,495,000		4,568,552
4.63%, 1/15/2029		3,905,000		3,651,448
4.88%, 5/1/2029		2,401,000		2,243,986
6.88%, 12/15/2030(a)		1,520,000		1,555,583
Triumph Group, Inc. 7.75%, 8/15/2025		475,000		475,297
9.00%, 3/15/2028(a)		2,670,000		2,817,248

				34,378,189

Air Freight & Logistics - 0.2%
Rand Parent LLC 8.50%, 2/15/2030(a)		2,980,000		2,950,395

Automobile Components - 2.8%
Adient Global Holdings Ltd. 8.25%, 4/15/2031(a)		285,000		300,987
Allison Transmission, Inc. 3.75%, 1/30/2031(a)		803,000		702,310
American Axle & Manufacturing, Inc. 6.50%, 4/1/2027		1,140,000		1,136,054
6.88%, 7/1/2028		840,000		815,104
Clarios Global LP 8.50%, 5/15/2027(a)		485,000		483,671
Cooper-Standard Automotive, Inc. 13.50%, 3/31/2027(a)(b)		1,517,500		1,611,834
5.63%, 5/15/2027(a)(b)		2,000,000		1,458,417
Dana, Inc. 4.25%, 9/1/2030		150,000		131,155
Icahn Enterprises LP 6.38%, 12/15/2025		2,470,000		2,430,081
6.25%, 5/15/2026		5,040,000		4,828,852
5.25%, 5/15/2027		5,600,000		5,037,200
9.75%, 1/15/2029(a)		1,000,000		1,026,250
4.38%, 2/1/2029		2,570,000		2,147,775
IHO Verwaltungs GmbH 4.75%, 9/15/2026(a)		1,535,000		1,500,647
6.00%, 5/15/2027(a)		1,015,000		1,004,951


Investments	Principal Amount ($)		Value ($)
6.37%, 5/15/2029(a)(b)		935,000		929,481
Patrick Industries, Inc. 7.50%, 10/15/2027(a)		535,000		537,675
4.75%, 5/1/2029(a)		1,090,000		1,004,239
Tenneco, Inc. 8.00%, 11/17/2028(a)		11,160,000		9,721,811
ZF North America Capital, Inc. 4.75%, 4/29/2025(a)		1,000,000		984,884
6.88%, 4/14/2028(a)		615,000		633,510
7.13%, 4/14/2030(a)		240,000		253,194

				38,680,082

Automobiles - 0.8%
Jaguar Land Rover Automotive plc 7.75%, 10/15/2025(a)		640,000		646,133
4.50%, 10/1/2027(a)		2,235,000		2,115,517
5.88%, 1/15/2028(a)		3,176,000		3,121,402
5.50%, 7/15/2029(a)		1,857,000		1,779,970
Mclaren Finance plc 7.50%, 8/1/2026(a)		2,140,000		1,876,009
Thor Industries, Inc. 4.00%, 10/15/2029(a)		1,100,000		973,553
Winnebago Industries, Inc. 6.25%, 7/15/2028(a)		1,000,000		983,398

				11,495,982

Banks - 0.6%
Intesa Sanpaolo SpA 5.71%, 1/15/2026(a)		1,550,000		1,544,755
4.20%, 6/1/2032(a)(c)		690,000		571,408
4.95%, 6/1/2042(a)(c)		170,000		123,387
Texas Capital Bancshares, Inc. 4.00%, 5/6/2031(c)		2,080,000		1,915,753
UniCredit SpA 7.30%, 4/2/2034(a)(c)		2,760,000		2,854,700
5.46%, 6/30/2035(a)(c)		85,000		79,715
Valley National Bancorp 3.00%, 6/15/2031(c)		1,000,000		855,010

				7,944,728

Beverages - 0.0%(d)
Primo Water Holdings, Inc. 4.38%, 4/30/2029(a)		555,000		505,273

Broadline Retail - 0.8%
ANGI Group LLC 3.88%, 8/15/2028(a)		2,855,000		2,455,052
Go Daddy Operating Co. LLC 3.50%, 3/1/2029(a)		850,000		769,590
Kohl’s Corp. 5.55%, 7/17/2045		1,480,000		996,558
Macy’s Retail Holdings LLC 5.88%, 4/1/2029(a)		250,000		242,500
5.88%, 3/15/2030(a)		100,000		94,825
6.13%, 3/15/2032(a)		390,000		368,004
6.70%, 7/15/2034(a)		1,000,000		826,340
4.50%, 12/15/2034		826,000		692,746


Investments	Principal Amount ($)		Value ($)
5.13%, 1/15/2042		1,000,000		792,437
Millennium Escrow Corp. 6.63%, 8/1/2026(a)		2,505,000		1,602,671
NMG Holding Co., Inc. 7.13%, 4/1/2026(a)		1,000,000		975,015
QVC, Inc. 4.45%, 2/15/2025		1,020,000		987,303

				10,803,041

Building Products - 1.7%
ACProducts Holdings, Inc. 6.38%, 5/15/2029(a)		800,000		596,336
AmeriTex HoldCo Intermediate LLC 10.25%, 10/15/2028(a)		1,850,000		1,899,784
Camelot Return Merger Sub, Inc. 8.75%, 8/1/2028(a)		1,525,000		1,563,379
Cornerstone Building Brands, Inc. 6.13%, 1/15/2029(a)		685,000		608,862
CP Atlas Buyer, Inc. 7.00%, 12/1/2028(a)		1,020,000		909,136
Eco Material Technologies, Inc. 7.88%, 1/31/2027(a)		1,080,000		1,079,341
Emerald Debt Merger Sub LLC 6.63%, 12/15/2030(a)		2,460,000		2,484,772
Griffon Corp. 5.75%, 3/1/2028		2,140,000		2,097,200
James Hardie International Finance DAC 5.00%, 1/15/2028(a)		1,000,000		968,750
JELD-WEN, Inc. 4.88%, 12/15/2027(a)		466,000		441,869
Masonite International Corp. 3.50%, 2/15/2030(a)		135,000		116,139
MIWD Holdco II LLC 5.50%, 2/1/2030(a)		1,445,000		1,314,950
Smyrna Ready Mix Concrete LLC 6.00%, 11/1/2028(a)		1,717,000		1,678,281
8.88%, 11/15/2031(a)		3,750,000		3,939,605
Standard Industries, Inc. 5.00%, 2/15/2027(a)		1,375,000		1,335,545
4.75%, 1/15/2028(a)		1,270,000		1,214,657
4.38%, 7/15/2030(a)		1,240,000		1,126,853
3.38%, 1/15/2031(a)		945,000		803,566

				24,179,025

Capital Markets - 0.3%
Aretec Group, Inc. 10.00%, 8/15/2030(a)		500,000		540,011
Brightsphere Investment Group, Inc. 4.80%, 7/27/2026		225,000		214,412
Compass Group Diversified Holdings LLC 5.25%, 4/15/2029(a)		880,000		837,962
Dresdner Funding Trust I 8.15%, 6/30/2031(a)		900,000		997,960
Jane Street Group 4.50%, 11/15/2029(a)		250,000		228,548
Nomura Holdings, Inc. 2.65%, 1/16/2025		1,450,000		1,411,758

				4,230,651


Investments	Principal Amount ($)		Value ($)
Chemicals - 4.2%
Ashland, Inc. 3.38%, 9/1/2031(a)		2,540,000		2,143,497
6.88%, 5/15/2043		905,000		891,637
ASP Unifrax Holdings, Inc. 5.25%, 9/30/2028(a)		2,756,000		1,829,433
7.50%, 9/30/2029(a)		1,414,000		663,050
Cerdia Finanz GmbH 10.50%, 2/15/2027(a)		1,215,000		1,245,957
Chemours Co. (The) 5.38%, 5/15/2027		575,000		559,342
5.75%, 11/15/2028(a)		1,740,000		1,641,159
4.63%, 11/15/2029(a)		2,070,000		1,797,984
Cornerstone Chemical Co. 10.25%, 9/1/2027(a)		295,000		84,517
CVR Partners LP 6.13%, 6/15/2028(a)		2,455,000		2,313,838
Element Solutions, Inc. 3.88%, 9/1/2028(a)		605,000		552,698
FXI Holdings, Inc. 12.25%, 11/15/2026(a)		3,896,000		3,790,257
GPD Cos., Inc. 10.13%, 4/1/2026(a)		2,245,000		2,095,786
HB Fuller Co. 4.25%, 10/15/2028		625,000		580,396
Herens Holdco Sarl 4.75%, 5/15/2028(a)		1,610,000		1,356,180
INEOS Finance plc 6.75%, 5/15/2028(a)		1,910,000		1,867,838
INEOS Quattro Finance 2 plc 9.63%, 3/15/2029(a)		1,000,000		1,050,120
Ingevity Corp. 3.88 %, 11/1/2028(a)		1,400,000		1,233,463
LSB Industries, Inc. 6.25%, 10/15/2028(a)		1,320,000		1,253,463
Minerals Technologies, Inc. 5.00%, 7/1/2028(a)		755,000		722,014
NOVA Chemicals Corp. 5.00%, 5/1/2025(a)		2,847,000		2,775,827
5.25%, 6/1/2027(a)		6,145,000		5,714,566
8.50%, 11/15/2028(a)		2,300,000		2,406,904
4.25%, 5/15/2029(a)		2,995,000		2,522,398
Olympus Water US Holding Corp. 7.13%, 10/1/2027(a)		670,000		672,408
4.25%, 10/1/2028(a)		1,600,000		1,460,320
9.75%, 11/15/2028(a)		1,625,000		1,719,209
Polar US Borrower LLC 6.75%, 5/15/2026(a)		1,745,000		410,075
Rain Carbon, Inc. 12.25%, 9/1/2029(a)		2,575,000		2,549,147
SCIH Salt Holdings, Inc. 4.88%, 5/1/2028(a)		1,903,000		1,767,088
SCIL IV LLC 5.38%, 11/1/2026(a)		1,180,000		1,147,064
SK Invictus Intermediate II Sarl 5.00%, 10/30/2029(a)		3,707,000		3,140,756


Investments	Principal Amount ($)		Value ($)
TPC Group, Inc. 13.00%, 12/16/2027(a)		2,000,000		2,032,608
Vibrantz Technologies, Inc. 9.00%, 2/15/2030(a)		1,665,000		1,381,950
WR Grace Holdings LLC 4.88%, 6/15/2027(a)		575,000		549,830
5.63%, 8/15/2029(a)		1,575,000		1,388,725

				59,311,504

Commercial Services & Supplies - 3.7%
ADT Security Corp. (The) 4.13%, 8/1/2029(a)		800,000		738,244
4.88%, 7/15/2032(a)		531,000		486,529
Allied Universal Holdco LLC 6.63%, 7/15/2026(a)		3,355,000		3,305,896
9.75%, 7/15/2027(a)		1,375,000		1,344,462
4.63%, 6/1/2028(a)		3,845,000		3,462,392
6.00%, 6/1/2029(a)		1,850,000		1,536,037
Aptim Corp. 7.75%, 6/15/2025(a)		550,000		525,246
APX Group, Inc. 6.75%, 2/15/2027(a)		1,300,000		1,299,964
5.75%, 7/15/2029(a)		4,515,000		4,287,869
Arrow Bidco LLC 10.75%, 6/15/2025(a)		1,000,000		1,032,032
Cimpress plc 7.00%, 6/15/2026		1,150,000		1,132,750
CoreCivic, Inc. 4.75%, 10/15/2027		490,000		460,600
Covanta Holding Corp. 4.88%, 12/1/2029(a)		570,000		492,304
5.00%, 9/1/2030		810,000		688,593
Deluxe Corp. 8.00%, 6/1/2029(a)		2,895,000		2,606,513
Garda World Security Corp. 4.63%, 2/15/2027(a)		925,000		874,125
9.50%, 11/1/2027(a)		1,020,000		1,026,156
7.75%, 2/15/2028(a)		300,000		305,293
GFL Environmental, Inc. 4.00%, 8/1/2028(a)		1,530,000		1,403,412
4.75%, 6/15/2029(a)		625,000		586,717
4.38%, 8/15/2029(a)		235,000		215,524
Interface, Inc. 5.50%, 12/1/2028(a)		1,355,000		1,268,063
Neptune Bidco US, Inc. 9.29%, 4/15/2029(a)		8,925,000		8,525,252
Pitney Bowes, Inc. 6.88%, 3/15/2027(a)		2,145,000		1,935,862
Prime Security Services Borrower LLC 5.75%, 4/15/2026(a)		3,195,000		3,193,503
3.38%, 8/31/2027(a)		2,180,000		2,008,109
6.25%, 1/15/2028(a)		3,870,000		3,835,129
Stericycle, Inc. 3.88%, 1/15/2029(a)		185,000		168,171
WASH Multifamily Acquisition, Inc. 5.75%, 4/15/2026(a)		1,365,000		1,312,202
West Technology Group LLC 8.50%, 4/10/2027(a)		2,250,000		1,935,000


Investments	Principal Amount ($)		Value ($)
Williams Scotsman, Inc. 4.63%, 8/15/2028(a)		100,000		94,657

				52,086,606

Communications Equipment - 0.6%
CommScope Technologies LLC 6.00%, 6/15/2025(a)		7,395,000		5,879,025
CommScope, Inc. 6.00%, 3/1/2026(a)		230,000		199,221
Viavi Solutions, Inc. 3.75%, 10/1/2029(a)		1,825,000		1,590,141

				7,668,387

Construction & Engineering - 1.4%
AECOM 5.13%, 3/15/2027		3,440,000		3,381,345
Arcosa, Inc. 4.38%, 4/15/2029(a)		850,000		791,954
Artera Services LLC 9.03%, 12/4/2025(a)		2,684,000		2,736,580
Brand Industrial Services, Inc. 10.38%, 8/1/2030(a)		4,565,000		4,821,781
Brundage-Bone Concrete Pumping Holdings, Inc. 6.00%, 2/1/2026(a)		1,095,000		1,078,652
Global Infrastructure Solutions, Inc. 5.63%, 6/1/2029(a)		1,093,000		987,365
7.50%, 4/15/2032(a)		1,391,000		1,281,621
HTA Group Ltd. 7.00%, 12/18/2025(a)		715,000		705,133
Railworks Holdings LP 8.25%, 11/15/2028(a)		675,000		673,065
VM Consolidated, Inc. 5.50%, 4/15/2029(a)		1,974,000		1,882,841
Weekley Homes LLC 4.88%, 9/15/2028(a)		570,000		531,249

				18,871,586

Construction Materials - 0.0%(d)
Knife River Corp. 7.75%, 5/1/2031(a)		120,000		126,048

Consumer Finance - 1.1%
Bread Financial Holdings, Inc. 9.75%, 3/15/2029(a)		750,000		749,092
Cobra Acquisition Co. LLC 6.38%, 11/1/2029(a)		830,000		674,375
Credit Acceptance Corp. 6.63%, 3/15/2026		715,000		714,853
Curo Group Holdings Corp. 7.50%, 8/1/2028(a)		1,000,000		360,000
Enova International, Inc. 8.50%, 9/15/2025(a)		170,000		168,086
11.25%, 12/15/2028(a)		2,000,000		2,091,500
FirstCash, Inc. 4.63%, 9/1/2028(a)		2,905,000		2,715,454
5.63%, 1/1/2030(a)		1,890,000		1,801,378
GGAM Finance Ltd. 8.00%, 2/15/2027(a)		550,000		566,626
goeasy Ltd. 4.38%, 5/1/2026(a)		925,000		882,120


Investments	Principal Amount ($)		Value ($)
LFS Topco LLC 5.88%, 10/15/2026(a)		1,345,000		1,236,782
Macquarie Airfinance Holdings Ltd. 8.38%, 5/1/2028(a)		805,000		845,612
OneMain Finance Corp. 7.13%, 3/15/2026		535,000		542,294
3.88%, 9/15/2028		300,000		263,278
PRA Group, Inc. 7.38%, 9/1/2025(a)		115,000		115,727
SLM Corp. 3.13%, 11/2/2026		200,000		187,264
Synchrony Financial 7.25%, 2/2/2033		600,000		599,655
World Acceptance Corp. 7.00%, 11/1/2026(a)		1,520,000		1,404,947

				15,919,043

Consumer Staples Distribution & Retail - 1.3%
Albertsons Cos., Inc. 3.25%, 3/15/2026(a)		2,550,000		2,422,217
4.63%, 1/15/2027(a)		1,265,000		1,227,128
5.88%, 2/15/2028(a)		750,000		749,082
6.50%, 2/15/2028(a)		2,550,000		2,577,681
3.50%, 3/15/2029(a)		1,260,000		1,138,416
4.88%, 2/15/2030(a)		1,000,000		955,736
C&S Group Enterprises LLC 5.00%, 12/15/2028(a)		820,000		665,922
Ingles Markets, Inc. 4.00%, 6/15/2031(a)		1,875,000		1,657,144
Performance Food Group, Inc. 5.50%, 10/15/2027(a)		940,000		916,781
4.25%, 8/1/2029(a)		3,090,000		2,831,474
United Natural Foods, Inc. 6.75%, 10/15/2028(a)		2,820,000		2,368,800
US Foods, Inc. 4.75%, 2/15/2029(a)		1,190,000		1,129,033
4.63%, 6/1/2030(a)		140,000		130,492

				18,769,906

Containers & Packaging - 2.1%
Ardagh Metal Packaging Finance USA LLC 6.00%, 6/15/2027(a)		300,000		296,604
3.25%, 9/1/2028(a)		220,000		192,273
4.00%, 9/1/2029(a)(e)		865,000		701,058
Cascades, Inc. 5.13%, 1/15/2026(a)		190,000		186,675
Clydesdale Acquisition Holdings, Inc. 6.63%, 4/15/2029(a)		2,935,000		2,920,425
8.75%, 4/15/2030(a)		6,249,000		5,936,243
Graham Packaging Co., Inc. 7.13%, 8/15/2028(a)		2,900,000		2,588,351
Intelligent Packaging Ltd. Finco, Inc. 6.00%, 9/15/2028(a)		1,900,000		1,786,382
Iris Holding, Inc. 10.00%, 12/15/2028(a)		895,000		761,117
LABL, Inc. 10.50%, 7/15/2027(a)		1,525,000		1,458,117
Mauser Packaging Solutions Holding Co. 7.88%, 8/15/2026(a)		4,370,000		4,415,677


Investments	Principal Amount ($)		Value ($)
9.25%, 4/15/2027(a)		2,897,000		2,796,345
Pactiv LLC 7.95%, 12/15/2025		195,000		197,814
Sealed Air Corp. 6.88%, 7/15/2033(a)		150,000		156,512
TriMas Corp. 4.13%, 4/15/2029(a)		2,300,000		2,047,738
Trivium Packaging Finance BV 5.50%, 8/15/2026(a)(f)		950,000		927,439
8.50%, 8/15/2027(a)(f)		1,310,000		1,278,295

				28,647,065

Distributors - 0.4%
American Builders & Contractors Supply Co., Inc. 4.00%, 1/15/2028(a)		520,000		487,315
Resideo Funding, Inc. 4.00%, 9/1/2029(a)		660,000		571,902
Verde Purchaser LLC 10.50%, 11/30/2030(a)		2,250,000		2,323,440
Windsor Holdings III LLC 8.50%, 6/15/2030(a)		2,390,000		2,460,515

				5,843,172

Diversified Consumer Services - 0.6%
Adtalem Global Education, Inc. 5.50%, 3/1/2028(a)		855,000		806,966
Grand Canyon University 4.38%, 10/1/2026		500,000		476,250
5.13%, 10/1/2028		2,320,000		2,109,414
Signal Parent, Inc. 6.13%, 4/1/2029(a)		695,000		491,733
Sotheby’s 7.38%, 10/15/2027(a)		4,400,000		4,228,496
StoneMor, Inc. 8.50%, 5/15/2029(a)		905,000		699,113

				8,811,972

Diversified REITs - 1.2%
Iron Mountain Information Management Services, Inc.
REIT, 5.00%, 7/15/2032(a)		4,290,000		3,868,988
Uniti Group LP
REIT, 10.50%, 2/15/2028(a)(e)		5,905,000		6,011,000
REIT, 6.50%, 2/15/2029(a)		7,250,000		5,114,098
REIT, 6.00%, 1/15/2030(a)		3,000,000		1,987,500

				16,981,586

Diversified Telecommunication Services - 5.0%
Altice France SA 8.13%, 2/1/2027(a)		3,785,000		3,383,067
5.50%, 1/15/2028(a)		4,300,000		3,357,278
5.13%, 1/15/2029(a)		985,000		728,972
5.13%, 7/15/2029(a)		5,225,000		3,819,970
5.50%, 10/15/2029(a)		4,650,000		3,425,954
C&W Senior Financing DAC 6.88%, 9/15/2027(a)		990,000		938,025
CCO Holdings LLC 5.13%, 5/1/2027(a)		2,701,000		2,605,158
5.00%, 2/1/2028(a)		1,610,000		1,513,134
5.38%, 6/1/2029(a)		1,430,000		1,329,591
6.38%, 9/1/2029(a)		1,415,000		1,377,732


Investments	Principal Amount ($)		Value ($)
4.75%, 3/1/2030(a)		3,155,000		2,803,556
4.50%, 8/15/2030(a)		2,820,000		2,452,442
4.25%, 2/1/2031(a)		3,070,000		2,595,827
4.75%, 2/1/2032(a)		1,530,000		1,312,373
4.50%, 5/1/2032		2,657,000		2,216,628
4.50%, 6/1/2033(a)		4,990,000		4,092,779
4.25%, 1/15/2034(a)		1,880,000		1,494,793
Consolidated Communications, Inc. 6.50%, 10/1/2028(a)		500,000		430,000
Embarq Corp. 8.00%, 6/1/2036		2,450,000		1,453,022
Frontier Communications Holdings LLC 6.75%, 5/1/2029(a)		1,050,000		930,536
5.88%, 11/1/2029		500,000		423,692
6.00%, 1/15/2030(a)		800,000		678,376
8.75%, 5/15/2030(a)		30,000		30,732
Iliad Holding SASU 6.50%, 10/15/2026(a)		1,200,000		1,176,309
7.00%, 10/15/2028(a)		1,575,000		1,562,452
Intelsat Jackson Holdings SA 6.50%, 3/15/2030(a)		3,175,000		2,999,091
Lumen Technologies, Inc. 5.63%, 4/1/2025		400,000		359,328
5.13%, 12/15/2026(a)		1,810,000		1,144,825
4.00%, 2/15/2027(a)		4,360,000		2,272,692
Telesat Canada 5.63%, 12/6/2026(a)		1,175,000		710,875
4.88%, 6/1/2027(a)		860,000		507,400
Virgin Media Finance plc 5.00%, 7/15/2030(a)		5,385,000		4,809,396
Virgin Media Secured Finance plc 4.50%, 8/15/2030(a)		665,000		594,178
Windstream Escrow LLC 7.75%, 8/15/2028(a)		5,411,000		4,744,170
Zayo Group Holdings, Inc. 4.00%, 3/1/2027(a)(e)		4,980,000		3,786,955
6.13%, 3/1/2028(a)		3,690,000		2,457,134

				70,518,442

Electric Utilities - 1.5%
Edison International 8.13%, 6/15/2053(c)		1,370,000		1,407,164
7.88%, 6/15/2054(c)		900,000		914,802
Emera, Inc.
Series 16-A, 6.75%, 6/15/2076(c)		6,900,000		6,761,301
Leeward Renewable Energy Operations LLC 4.25%, 7/1/2029(a)		1,345,000		1,214,937
NextEra Energy Operating Partners LP 3.88%, 10/15/2026(a)		1,960,000		1,853,150
4.50%, 9/15/2027(a)		1,570,000		1,474,287
NRG Energy, Inc. 3.38%, 2/15/2029(a)		129,000		113,797
5.25%, 6/15/2029(a)		1,530,000		1,467,056
3.63%, 2/15/2031(a)		935,000		801,989
3.88%, 2/15/2032(a)		870,000		746,077
Pattern Energy Operations LP 4.50%, 8/15/2028(a)		430,000		400,746


Investments	Principal Amount ($)		Value ($)
PG&E Corp. 5.00%, 7/1/2028		840,000		811,703
5.25%, 7/1/2030		835,000		797,333
Vistra Operations Co. LLC 5.63%, 2/15/2027(a)		2,410,000		2,373,992

				21,138,334

Electronic Equipment, Instruments & Components - 0.1%
Crane NXT Co. 4.20%, 3/15/2048		1,220,000		911,814
Likewize Corp. 9.75%, 10/15/2025(a)		821,000		832,136

				1,743,950

Energy Equipment & Services - 2.5%
Archrock Partners LP 6.88%, 4/1/2027(a)		1,060,000		1,062,650
6.25%, 4/1/2028(a)		1,755,000		1,735,379
Borr IHC Ltd. 10.00%, 11/15/2028(a)		5,800,000		6,001,330
CGG SA 8.75%, 4/1/2027(a)		980,000		863,488
Helix Energy Solutions Group, Inc. 9.75%, 3/1/2029(a)		1,700,000		1,783,738
Nabors Industries Ltd. 7.25%, 1/15/2026(a)		1,890,000		1,842,882
Nine Energy Service, Inc. 13.00%, 2/1/2028		1,725,000		1,483,949
Noble Finance II LLC 8.00%, 4/15/2030(a)		2,060,000		2,139,195
Oceaneering International, Inc. 6.00%, 2/1/2028		330,000		322,380
Precision Drilling Corp. 6.88%, 1/15/2029(a)		865,000		851,004
Seadrill Finance Ltd. 8.38%, 8/1/2030(a)		1,950,000		2,028,956
USA Compression Partners LP 6.88%, 4/1/2026		1,680,000		1,670,133
6.88%, 9/1/2027		2,573,000		2,571,204
Valaris Ltd. 8.38%, 4/30/2030(a)		6,335,000		6,495,022
Weatherford International Ltd. 8.63%, 4/30/2030(a)		3,475,000		3,550,632

				34,401,942

Entertainment - 0.5%
Allen Media LLC 10.50%, 2/15/2028(a)		2,165,000		1,095,100
Banijay Entertainment SASU 8.13%, 5/1/2029(a)		1,000,000		1,033,997
Cinemark USA, Inc. 5.88%, 3/15/2026(a)		855,000		847,168
5.25%, 7/15/2028(a)		1,720,000		1,586,700
Lions Gate Capital Holdings LLC 5.50%, 4/15/2029(a)		400,000		304,150
Live Nation Entertainment, Inc. 4.75%, 10/15/2027(a)		1,675,000		1,595,555

				6,462,670


Investments	Principal Amount ($)		Value ($)
Financial Services - 2.1%
Freedom Mortgage Corp. 7.63%, 5/1/2026(a)		250,000		248,982
6.63%, 1/15/2027(a)		1,550,000		1,488,652
12.00%, 10/1/2028(a)		2,660,000		2,919,842
12.25%, 10/1/2030(a)		350,000		390,183
GTCR W-2 Merger Sub LLC 7.50%, 1/15/2031(a)		2,200,000		2,285,404
Jefferies Finance LLC 5.00%, 8/15/2028(a)		3,420,000		3,087,588
Jefferson Capital Holdings LLC 6.00%, 8/15/2026(a)		331,000		318,460
Midcap Financial Issuer Trust 6.50%, 5/1/2028(a)		3,420,000		3,123,452
5.63%, 1/15/2030(a)		1,380,000		1,176,450
Mobius Merger Sub, Inc. 9.00%, 6/1/2030(a)		250,000		246,750
Nationstar Mortgage Holdings, Inc. 5.00%, 2/1/2026(a)		830,000		808,918
6.00%, 1/15/2027(a)		1,450,000		1,421,756
5.50%, 8/15/2028(a)		1,851,000		1,757,785
5.13%, 12/15/2030(a)		275,000		247,174
5.75%, 11/15/2031(a)		220,000		202,779
NCR Atleos Corp. 9.50%, 4/1/2029(a)		1,300,000		1,394,380
Oxford Finance LLC 6.38%, 2/1/2027(a)		620,000		588,268
PennyMac Financial Services, Inc. 4.25%, 2/15/2029(a)		75,000		67,988
5.75%, 9/15/2031(a)		5,000		4,631
PHH Mortgage Corp. 7.88%, 3/15/2026(a)		2,030,000		1,872,675
Rocket Mortgage LLC 2.88%, 10/15/2026(a)		920,000		844,164
3.63%, 3/1/2029(a)		534,000		474,650
3.88%, 3/1/2031(a)		1,100,000		961,191
4.00%, 10/15/2033(a)		650,000		551,727
United Wholesale Mortgage LLC 5.50%, 11/15/2025(a)		645,000		637,023
5.75%, 6/15/2027(a)		1,015,000		995,991
5.50%, 4/15/2029(a)		1,495,000		1,411,799

				29,528,662

Food Products - 0.9%
B&G Foods, Inc. 5.25%, 9/15/2027(e)		1,220,000		1,100,384
Lamb Weston Holdings, Inc. 4.88%, 5/15/2028(a)		250,000		243,299
4.13%, 1/31/2030(a)		2,695,000		2,459,254
4.38%, 1/31/2032(a)		3,003,000		2,694,948
Post Holdings, Inc. 5.63%, 1/15/2028(a)		2,010,000		1,978,046
5.50%, 12/15/2029(a)		1,400,000		1,353,256
4.63%, 4/15/2030(a)		1,329,000		1,222,213
4.50%, 9/15/2031(a)		1,040,000		934,175
Sigma Holdco BV 7.88%, 5/15/2026(a)		315,000		297,027


Investments	Principal Amount ($)		Value ($)
Simmons Foods, Inc. 4.63%, 3/1/2029(a)		645,000		554,553
TreeHouse Foods, Inc. 4.00%, 9/1/2028		50,000		44,600

				12,881,755

Gas Utilities - 0.2%
AmeriGas Partners LP 5.50%, 5/20/2025		1,515,000		1,488,087
Ferrellgas LP 5.38%, 4/1/2026(a)		1,115,000		1,098,512
Suburban Propane Partners LP 5.88%, 3/1/2027		735,000		729,039

				3,315,638

Ground Transportation - 1.2%
Albion Financing 1 Sarl 6.13%, 10/15/2026(a)		1,620,000		1,591,371
Albion Financing 2 Sarl 8.75%, 4/15/2027(a)		2,045,000		2,042,840
Carriage Purchaser, Inc. 7.88%, 10/15/2029(a)		755,000		641,750
EquipmentShare.com, Inc. 9.00%, 5/15/2028(a)		3,390,000		3,439,833
First Student Bidco, Inc. 4.00%, 7/31/2029(a)		555,000		488,533
GN Bondco LLC 9.50%, 10/15/2031(a)		2,490,000		2,455,763
Hertz Corp. (The) 4.63%, 12/1/2026(a)		1,265,000		1,137,716
5.00%, 12/1/2029(a)		3,660,000		2,892,431
NESCO Holdings II, Inc. 5.50%, 4/15/2029(a)		1,755,000		1,645,120
Uber Technologies, Inc. 4.50%, 8/15/2029(a)		250,000		236,635

				16,571,992

Health Care Equipment & Supplies - 0.5%
Avantor Funding, Inc. 4.63%, 7/15/2028(a)		320,000		304,653
Bausch & Lomb Escrow Corp. 8.38%, 10/1/2028(a)		1,350,000		1,400,720
Embecta Corp. 5.00%, 2/15/2030(a)		190,000		155,473
Garden Spinco Corp. 8.63%, 7/20/2030(a)		180,000		192,600
Hologic, Inc. 4.63%, 2/1/2028(a)		885,000		854,019
3.25%, 2/15/2029(a)		800,000		719,350
Medline Borrower LP 5.25%, 10/1/2029(a)		2,465,000		2,298,389
Teleflex, Inc. 4.63%, 11/15/2027		1,060,000		1,028,338
4.25%, 6/1/2028(a)		250,000		237,167
Varex Imaging Corp. 7.88%, 10/15/2027(a)		9,000		9,145

				7,199,854

Health Care Providers & Services - 3.4%
180 Medical, Inc. 3.88%, 10/15/2029(a)		200,000		178,768


Investments	Principal Amount ($)		Value ($)
Acadia Healthcare Co., Inc. 5.50%, 7/1/2028(a)		1,190,000		1,163,335
5.00%, 4/15/2029(a)		150,000		143,062
AdaptHealth LLC 6.13%, 8/1/2028(a)		765,000		669,742
AHP Health Partners, Inc. 5.75%, 7/15/2029(a)		1,697,000		1,521,038
Community Health Systems, Inc. 8.00%, 3/15/2026(a)		1,030,000		1,015,184
DaVita, Inc. 4.63%, 6/1/2030(a)		2,873,000		2,541,955
3.75%, 2/15/2031(a)		1,400,000		1,154,144
Encompass Health Corp. 4.50%, 2/1/2028		650,000		620,879
4.75%, 2/1/2030		485,000		454,865
4.63%, 4/1/2031		1,380,000		1,267,844
Global Medical Response, Inc. 6.50%, 10/1/2025(a)		2,020,000		1,731,635
HealthEquity, Inc. 4.50%, 10/1/2029(a)		320,000		298,768
Heartland Dental LLC 8.50%, 5/1/2026(a)		600,000		591,750
10.50%, 4/30/2028(a)		1,165,000		1,214,594
Kedrion SpA 6.50%, 9/1/2029(a)		515,000		459,638
Legacy LifePoint Health LLC 4.38%, 2/15/2027(a)		1,495,000		1,392,323
LifePoint Health, Inc. 5.38%, 1/15/2029(a)		1,295,000		1,023,858
9.88%, 8/15/2030(a)		2,880,000		2,945,001
11.00%, 10/15/2030(a)		2,000,000		2,128,147
Molina Healthcare, Inc. 4.38%, 6/15/2028(a)		1,725,000		1,616,977
3.88%, 11/15/2030(a)		3,700,000		3,243,171
3.88%, 5/15/2032(a)		4,270,000		3,654,916
Option Care Health, Inc. 4.38%, 10/31/2029(a)		240,000		219,014
Prime Healthcare Services, Inc. 7.25%, 11/1/2025(a)		1,450,000		1,442,750
Radiology Partners, Inc. 9.25%, 2/1/2028(a)		2,985,000		1,955,175
RegionalCare Hospital Partners Holdings, Inc. 9.75%, 12/1/2026(a)		2,480,000		2,475,690
RP Escrow Issuer LLC 5.25%, 12/15/2025(a)		2,275,000		2,047,500
Star Parent, Inc. 9.00%, 10/1/2030(a)		1,000,000		1,051,503
Team Health Holdings, Inc. 6.38%, 2/1/2025(a)		675,000		577,125
Tenet Healthcare Corp. 5.13%, 11/1/2027		920,000		893,335
6.13%, 10/1/2028		1,600,000		1,594,112
6.88%, 11/15/2031		265,000		271,975
Toledo Hospital (The) Series B, 5.33%, 11/15/2028		1,495,000		1,386,613


Investments	Principal Amount ($)		Value ($)
US Acute Care Solutions LLC 6.38%, 3/1/2026(a)		3,163,000		2,763,861

				47,710,247

Health Care REITs - 0.9%
CTR Partnership LP REIT, 3.88%, 6/30/2028(a)		2,305,000		2,100,570
MPT Operating Partnership LP
REIT, 5.25%, 8/1/2026		1,000,000		845,973
REIT, 5.00%, 10/15/2027		7,400,000		5,600,976
REIT, 4.63%, 8/1/2029		1,000,000		676,163
REIT, 3.50%, 3/15/2031		5,400,000		3,310,408

				12,534,090

Hotel & Resort REITs - 0.5%
Park Intermediate Holdings LLC
REIT, 4.88%, 5/15/2029(a)		1,675,000		1,534,719
RHP Hotel Properties LP
REIT, 4.50%, 2/15/2029(a)		240,000		223,106
Service Properties Trust
REIT, 4.50%, 3/15/2025		250,000		243,745
REIT, 5.25%, 2/15/2026		880,000		851,690
REIT, 4.75%, 10/1/2026		930,000		862,810
REIT, 4.95%, 2/15/2027		885,000		809,759
REIT, 3.95%, 1/15/2028		815,000		687,485
REIT, 4.38%, 2/15/2030		1,850,000		1,432,836
XHR LP
REIT, 4.88%, 6/1/2029(a)		290,000		267,470

				6,913,620

Hotels, Restaurants & Leisure - 7.2%
1011778 BC ULC 3.88%, 1/15/2028(a)		500,000		470,543
4.38%, 1/15/2028(a)		550,000		523,121
4.00%, 10/15/2030(a)		3,050,000		2,726,059
Affinity Interactive 6.88%, 12/15/2027(a)		2,105,000		1,904,912
Boyd Gaming Corp. 4.75%, 12/1/2027		850,000		821,100
4.75%, 6/15/2031(a)		2,230,000		2,048,543
Caesars Entertainment, Inc. 8.13%, 7/1/2027(a)		749,000		768,658
Carnival Corp. 7.63%, 3/1/2026(a)		1,710,000		1,736,982
5.75%, 3/1/2027(a)		3,525,000		3,472,837
6.00%, 5/1/2029(a)		600,000		581,146
10.50%, 6/1/2030(a)		640,000		702,714
Carnival Holdings Bermuda Ltd. 10.38%, 5/1/2028(a)		1,111,000		1,215,390
CEC Entertainment LLC 6.75%, 5/1/2026(a)		1,014,000		1,007,327
Cedar Fair LP 5.38%, 4/15/2027		860,000		851,489
6.50%, 10/1/2028		995,000		990,053
5.25%, 7/15/2029		996,000		952,102
Churchill Downs, Inc. 5.50%, 4/1/2027(a)		1,400,000		1,383,063
4.75%, 1/15/2028(a)		1,485,000		1,414,368
5.75%, 4/1/2030(a)		1,110,000		1,073,847
6.75%, 5/1/2031(a)		275,000		278,128


Investments	Principal Amount ($)		Value ($)
Everi Holdings, Inc. 5.00%, 7/15/2029(a)		860,000		790,349
Fertitta Entertainment LLC 4.63%, 1/15/2029(a)		830,000		759,500
Genting New York LLC 3.30%, 2/15/2026(a)		2,700,000		2,503,855
GPS Hospitality Holding Co. LLC 7.00%, 8/15/2028(a)		1,135,000		896,999
Hilton Domestic Operating Co., Inc. 5.38%, 5/1/2025(a)		300,000		298,872
3.75%, 5/1/2029(a)		595,000		546,026
4.88%, 1/15/2030		855,000		824,065
4.00%, 5/1/2031(a)		905,000		813,420
3.63%, 2/15/2032(a)		6,015,000		5,163,760
Hilton Grand Vacations Borrower Escrow LLC 5.00%, 6/1/2029(a)		1,825,000		1,686,348
4.88%, 7/1/2031(a)		1,695,000		1,503,127
IRB Holding Corp. 7.00%, 6/15/2025(a)		600,000		596,292
Jacobs Entertainment, Inc. 6.75%, 2/15/2029(a)		1,405,000		1,333,092
KFC Holding Co. 4.75%, 6/1/2027(a)		605,000		591,999
Las Vegas Sands Corp. 3.90%, 8/8/2029		535,000		493,810
Life Time, Inc. 8.00%, 4/15/2026(a)		1,015,000		1,016,340
Light & Wonder International, Inc. 7.00%, 5/15/2028(a)		500,000		499,410
Marriott Ownership Resorts, Inc. 4.75%, 1/15/2028		776,000		715,860
4.50%, 6/15/2029(a)		1,605,000		1,442,863
Midwest Gaming Borrower LLC 4.88%, 5/1/2029(a)		2,550,000		2,352,506
Mohegan Tribal Gaming Authority 8.00%, 2/1/2026(a)		4,040,000		3,793,964
NCL Corp. Ltd. 5.88%, 3/15/2026(a)		8,350,000		8,141,835
5.88%, 2/15/2027(a)		890,000		876,824
8.38%, 2/1/2028(a)		425,000		446,207
Papa John’s International, Inc. 3.88%, 9/15/2029(a)		1,300,000		1,154,049
Penn Entertainment, Inc. 5.63%, 1/15/2027(a)		870,000		839,811
4.13%, 7/1/2029(a)		100,000		85,498
Raptor Acquisition Corp. 4.88%, 11/1/2026(a)		1,475,000		1,415,773
Resorts World Las Vegas LLC 4.63%, 4/16/2029(a)		5,750,000		5,108,875
8.45%, 7/27/2030(a)		2,300,000		2,394,806
4.63%, 4/6/2031(a)		1,855,000		1,572,112
Royal Caribbean Cruises Ltd. 4.25%, 7/1/2026(a)		1,640,000		1,578,057
5.50%, 8/31/2026(a)		2,205,000		2,182,651
5.38%, 7/15/2027(a)		800,000		787,209
11.63%, 8/15/2027(a)		1,410,000		1,533,729
5.50%, 4/1/2028(a)		1,385,000		1,367,375


Investments	Principal Amount ($)		Value ($)
SeaWorld Parks & Entertainment, Inc. 5.25%, 8/15/2029(a)		1,675,000		1,559,961
Six Flags Entertainment Corp. 5.50%, 4/15/2027(a)		500,000		497,455
7.25%, 5/15/2031(a)		720,000		734,400
Sizzling Platter LLC 8.50%, 11/28/2025(a)		330,000		329,175
Station Casinos LLC 4.50%, 2/15/2028(a)		500,000		470,013
TKC Holdings, Inc. 6.88%, 5/15/2028(a)		1,615,000		1,473,687
10.50%, 5/15/2029(a)		1,395,000		1,262,475
Travel + Leisure Co. 6.63%, 7/31/2026(a)		1,425,000		1,439,165
6.00%, 4/1/2027(f)		795,000		795,184
4.50%, 12/1/2029(a)		410,000		374,082
4.63%, 3/1/2030(a)		85,000		76,529
Wynn Las Vegas LLC 5.50%, 3/1/2025(a)		250,000		249,685
5.25%, 5/15/2027(a)		750,000		732,928
Wynn Resorts Finance LLC 5.13%, 10/1/2029(a)		580,000		547,930
7.13%, 2/15/2031(a)		405,000		417,648
Yum! Brands, Inc. 4.75%, 1/15/2030(a)		2,850,000		2,736,485
3.63%, 3/15/2031		880,000		776,631
4.63%, 1/31/2032		970,000		899,783
5.38%, 4/1/2032		840,000		816,937
6.88%, 11/15/2037		1,365,000		1,482,858

				100,702,661

Household Durables - 1.5%
Adams Homes, Inc. 9.25%, 10/15/2028(a)		1,350,000		1,383,079
Ashton Woods USA LLC 6.63%, 1/15/2028(a)		415,000		408,879
4.63%, 4/1/2030(a)		935,000		846,231
Brookfield Residential Properties, Inc. 6.25%, 9/15/2027(a)		2,690,000		2,611,259
CD&R Smokey Buyer, Inc. 6.75%, 7/15/2025(a)		1,120,000		1,097,678
Empire Communities Corp. 7.00%, 12/15/2025(a)		1,365,000		1,349,504
Installed Building Products, Inc. 5.75%, 2/1/2028(a)		285,000		279,300
KB Home 4.00%, 6/15/2031		140,000		123,447
LGI Homes, Inc. 4.00%, 7/15/2029(a)		965,000		825,673
M/I Homes, Inc. 3.95%, 2/15/2030		5,000		4,438
Mattamy Group Corp. 5.25%, 12/15/2027(a)		870,000		839,440
4.63%, 3/1/2030(a)		1,665,000		1,517,976
New Home Co., Inc. (The) 8.25%, 10/15/2027(a)(f)		1,000,000		930,000
Newell Brands, Inc. 5.20%, 4/1/2026(f)		1,000,000		973,469


Investments	Principal Amount ($)		Value ($)
6.50%, 4/1/2046(f)		450,000		362,990
Shea Homes LP 4.75%, 2/15/2028		850,000		807,055
4.75%, 4/1/2029		445,000		417,387
SWF Escrow Issuer Corp. 6.50%, 10/1/2029(a)		1,490,000		1,032,496
Taylor Morrison Communities, Inc. 5.75%, 1/15/2028(a)		1,190,000		1,181,359
5.13%, 8/1/2030(a)		260,000		247,635
Tempur Sealy International, Inc. 4.00%, 4/15/2029(a)		590,000		532,307
3.88%, 10/15/2031(a)		2,770,000		2,337,466
TopBuild Corp. 4.13%, 2/15/2032(a)		225,000		196,607
Tri Pointe Homes, Inc. 5.70%, 6/15/2028		580,000		570,441

				20,876,116

Household Products - 0.2%
Central Garden & Pet Co. 4.13%, 10/15/2030		250,000		224,166
4.13%, 4/30/2031(a)		100,000		88,353
Energizer Holdings, Inc. 6.50%, 12/31/2027(a)		640,000		637,088
4.75%, 6/15/2028(a)		1,240,000		1,153,820
4.38%, 3/31/2029(a)		725,000		656,277
Kronos Acquisition Holdings, Inc. 5.00%, 12/31/2026(a)		220,000		212,654

				2,972,358

Independent Power and Renewable Electricity Producers - 0.6%
Clearway Energy Operating LLC 3.75%, 2/15/2031(a)		665,000		576,443
Talen Energy Supply LLC 8.63%, 6/1/2030(a)		6,970,000		7,397,401
TransAlta Corp. 6.50%, 3/15/2040		230,000		227,219

				8,201,063

Insurance - 0.8%
Alliant Holdings Intermediate LLC 6.75%, 4/15/2028(a)		1,175,000		1,185,846
AmWINS Group, Inc. 4.88%, 6/30/2029(a)		600,000		560,009
Assurant, Inc. 7.00%, 3/27/2048(c)		1,815,000		1,848,881
Constellation Insurance, Inc. 6.80%, 1/24/2030(a)(f)		220,000		218,607
6.63%, 5/1/2031(a)		1,000,000		965,665
Global Atlantic Fin Co. 4.70%, 10/15/2051(a)(c)		4,280,000		3,810,404
Liberty Mutual Group, Inc. 7.80%, 3/15/2037(a)		75,000		76,085
4.13%, 12/15/2051(a)(c)		2,125,000		1,862,379
NFP Corp. 6.88%, 8/15/2028(a)		900,000		905,044

				11,432,920

Interactive Media & Services - 0.4%
Cars.com, Inc. 6.38%, 11/1/2028(a)		796,000		777,151


Investments	Principal Amount ($)		Value ($)
Rackspace Technology Global, Inc. 3.50%, 2/15/2028(a)		3,145,000		1,231,594
5.38%, 12/1/2028(a)		1,560,000		485,427
Ziff Davis, Inc. 4.63%, 10/15/2030(a)		1,605,000		1,469,688
ZipRecruiter, Inc. 5.00%, 1/15/2030(a)		2,260,000		2,013,033

				5,976,893

IT Services - 0.3%
Acuris Finance US, Inc. 5.00%, 5/1/2028(a)		1,129,000		986,848
Arches Buyer, Inc. 4.25%, 6/1/2028(a)		800,000		715,490
Cogent Communications Group, Inc. 3.50%, 5/1/2026(a)		1,070,000		1,020,936
7.00%, 6/15/2027(a)		975,000		978,108
ION Trading Technologies Sarl 5.75%, 5/15/2028(a)		840,000		769,650
Newfold Digital Holdings Group, Inc. 11.75%, 10/15/2028(a)		350,000		378,437

				4,849,469

Machinery - 1.2%
Amsted Industries, Inc. 4.63%, 5/15/2030(a)		200,000		180,495
Calderys Financing LLC 11.25%, 6/1/2028(a)		2,220,000		2,359,690
GrafTech Finance, Inc. 4.63%, 12/15/2028(a)		2,845,000		1,883,757
GrafTech Global Enterprises, Inc. 9.88%, 12/15/2028(a)		2,650,000		1,980,371
Husky III Holding Ltd. 13.00%, 2/15/2025(a)(b)		1,300,000		1,300,625
Interpipe Holdings plc 8.38%, 5/13/2026(a)		1,300,000		952,250
Manitowoc Co., Inc. (The) 9.00%, 4/1/2026(a)		200,000		199,826
Maxim Crane Works Holdings Capital LLC 11.50%, 9/1/2028(a)		2,850,000		2,978,250
OT Merger Corp. 7.88%, 10/15/2029(a)		1,395,000		842,920
Terex Corp. 5.00%, 5/15/2029(a)		675,000		637,876
Titan International, Inc. 7.00%, 4/30/2028		906,000		903,255
TK Elevator US Newco, Inc. 5.25%, 7/15/2027(a)		2,135,000		2,058,596
Wabash National Corp. 4.50%, 10/15/2028(a)		1,265,000		1,151,150

				17,429,061

Media - 7.4%
Advantage Sales & Marketing, Inc. 6.50%, 11/15/2028(a)		1,485,000		1,396,525
Altice Financing SA 5.00%, 1/15/2028(a)		2,005,000		1,801,759
5.75%, 8/15/2029(a)		3,900,000		3,398,758
AMC Networks, Inc. 4.25%, 2/15/2029		2,320,000		1,784,614


Investments	Principal Amount ($)		Value ($)
Belo Corp. 7.75%, 6/1/2027		425,000		434,562
7.25%, 9/15/2027		745,000		754,225
Cable One, Inc. 4.00%, 11/15/2030(a)		3,700,000		2,978,500
Clear Channel Outdoor Holdings, Inc. 7.75%, 4/15/2028(a)		850,000		736,905
7.50%, 6/1/2029(a)		850,000		702,304
CMG Media Corp. 8.88%, 12/15/2027(a)		2,065,000		1,611,040
CSC Holdings LLC 7.50%, 4/1/2028(a)		6,100,000		4,060,634
5.75%, 1/15/2030(a)		12,695,000		6,719,337
4.63%, 12/1/2030(a)		2,100,000		1,073,374
Directv Financing LLC 5.88%, 8/15/2027(a)		5,030,000		4,781,974
DISH DBS Corp. 5.25%, 12/1/2026(a)		2,800,000		2,205,014
DISH Network Corp. 11.75%, 11/15/2027(a)		3,415,000		3,564,256
Gannett Holdings LLC 6.00%, 11/1/2026(a)		330,000		297,825
GCI LLC 4.75%, 10/15/2028(a)		3,395,000		3,112,298
Gray Television, Inc. 7.00%, 5/15/2027(a)(e)		1,660,000		1,622,650
4.75%, 10/15/2030(a)		600,000		469,520
5.38%, 11/15/2031(a)		2,950,000		2,308,913
iHeartCommunications, Inc. 6.38%, 5/1/2026		500,000		429,427
5.25%, 8/15/2027(a)		500,000		387,928
Lamar Media Corp. 4.00%, 2/15/2030		250,000		228,775
3.63%, 1/15/2031		550,000		483,725
News Corp. 3.88%, 5/15/2029(a)		975,000		896,269
5.13%, 2/15/2032(a)		300,000		281,914
Nexstar Media, Inc. 5.63%, 7/15/2027(a)		3,670,000		3,574,231
4.75%, 11/1/2028(a)		830,000		760,245
Paramount Global 6.25%, 2/28/2057(c)		1,440,000		1,246,896
6.38%, 3/30/2062(c)		2,220,000		1,982,604
Radiate Holdco LLC 4.50%, 9/15/2026(a)		1,790,000		1,384,019
6.50%, 9/15/2028(a)		3,150,000		1,355,918
Scripps Escrow II, Inc. 5.38%, 1/15/2031(a)		100,000		75,970
Scripps Escrow, Inc. 5.88%, 7/15/2027(a)		967,000		871,547
Sinclair Television Group, Inc. 5.13%, 2/15/2027(a)		601,000		565,172
5.50%, 3/1/2030(a)		1,116,000		859,901
Sirius XM Radio, Inc. 3.13%, 9/1/2026(a)		1,295,000		1,208,740
5.00%, 8/1/2027(a)		3,300,000		3,172,059
4.00%, 7/15/2028(a)		1,995,000		1,811,676


Investments	Principal Amount ($)		Value ($)
5.50%, 7/1/2029(a)		2,945,000		2,797,750
4.13%, 7/1/2030(a)		8,445,000		7,389,375
3.88%, 9/1/2031(a)		8,390,000		6,994,735
Summer BC Bidco B LLC 5.50%, 10/31/2026(a)		950,000		915,629
Sunrise FinCo I BV 4.88%, 7/15/2031(a)		1,200,000		1,052,973
Sunrise HoldCo IV BV 5.50%, 1/15/2028(a)		984,000		941,019
TEGNA, Inc. 4.75%, 3/15/2026(a)		535,000		520,475
4.63%, 3/15/2028		2,217,000		2,067,796
5.00%, 9/15/2029		1,350,000		1,246,833
Townsquare Media, Inc. 6.88%, 2/1/2026(a)		1,120,000		1,096,278
Univision Communications, Inc. 6.63%, 6/1/2027(a)		1,450,000		1,434,319
8.00%, 8/15/2028(a)		1,100,000		1,119,327
4.50%, 5/1/2029(a)		900,000		799,759
7.38%, 6/30/2030(a)		825,000		808,832
Urban One, Inc. 7.38%, 2/1/2028(a)		761,000		674,482
Videotron Ltd. 3.63%, 6/15/2029(a)		230,000		209,864
Virgin Media Vendor Financing Notes IV DAC 5.00%, 7/15/2028(a)		1,025,000		964,887
VZ Secured Financing BV 5.00%, 1/15/2032(a)		3,460,000		3,024,700
Ziggo Bond Co. BV 5.13%, 2/28/2030(a)		1,648,000		1,390,359
Ziggo BV 4.88%, 1/15/2030(a)		1,120,000		1,001,402

				103,842,797

Metals & Mining - 3.0%
Allegheny Ludlum LLC 6.95%, 12/15/2025		195,000		197,972
Arsenal AIC Parent LLC 8.00%, 10/1/2030(a)		550,000		573,686
ATI, Inc. 5.88%, 12/1/2027		750,000		731,303
5.13%, 10/1/2031		80,000		73,006
Cleveland-Cliffs, Inc. 6.75%, 4/15/2030(a)		565,000		569,951
Eldorado Gold Corp. 6.25%, 9/1/2029(a)		2,900,000		2,765,830
FMG Resources August 2006 Pty. Ltd. 4.50%, 9/15/2027(a)		250,000		240,351
5.88%, 4/15/2030(a)		3,895,000		3,846,664
4.38%, 4/1/2031(a)		3,240,000		2,915,978
6.13%, 4/15/2032(a)		2,775,000		2,745,130
Hecla Mining Co. 7.25%, 2/15/2028		2,725,000		2,729,278
Hudbay Minerals, Inc. 4.50%, 4/1/2026(a)		1,330,000		1,288,775
Infrabuild Australia Pty. Ltd. 14.50%, 11/15/2028(a)		1,000,000		1,019,741


Investments	Principal Amount ($)		Value ($)
Mineral Resources Ltd. 8.13%, 5/1/2027(a)		1,510,000		1,525,100
8.00%, 11/1/2027(a)		2,880,000		2,945,270
9.25%, 10/1/2028(a)		6,400,000		6,760,000
8.50%, 5/1/2030(a)		3,743,000		3,850,834
Novelis Corp. 3.25%, 11/15/2026(a)		550,000		514,978
3.88%, 8/15/2031(a)		600,000		520,402
SunCoke Energy, Inc. 4.88%, 6/30/2029(a)		1,550,000		1,399,836
Taseko Mines Ltd. 7.00%, 2/15/2026(a)		2,255,000		2,215,538
TMS International Corp. 6.25%, 4/15/2029(a)		2,045,000		1,758,823
Warrior Met Coal, Inc. 7.88%, 12/1/2028(a)		56,000		56,437

				41,244,883

Mortgage Real Estate Investment Trusts (REITs) - 0.6%
Apollo Commercial Real Estate Finance, Inc. 4.63%, 6/15/2029(a)		160,000		134,012
Blackstone Mortgage Trust, Inc. 3.75%, 1/15/2027(a)		1,395,000		1,229,905
Ladder Capital Finance Holdings LLLP 5.25%, 10/1/2025(a)		604,000		593,627
4.25%, 2/1/2027(a)		1,580,000		1,462,409
4.75%, 6/15/2029(a)		2,195,000		1,964,783
Rithm Capital Corp. 6.25%, 10/15/2025(a)		1,325,000		1,309,511
Starwood Property Trust, Inc. 3.63%, 7/15/2026(a)		875,000		808,896
4.38%, 1/15/2027(a)		1,180,000		1,092,409

				8,595,552

Office REITs - 0.3%
Office Properties Income Trust
REIT, 4.50%, 2/1/2025		3,750,000		3,248,067
REIT, 2.65%, 6/15/2026		2,000,000		1,249,288

				4,497,355

Oil, Gas & Consumable Fuels - 12.5%
Aethon United BR LP 8.25%, 2/15/2026(a)		1,230,000		1,219,324
Antero Midstream Partners LP 5.75%, 3/1/2027(a)		1,444,000		1,433,268
5.75%, 1/15/2028(a)		1,415,000		1,389,012
5.38%, 6/15/2029(a)		1,645,000		1,579,352
Ascent Resources Utica Holdings LLC 7.00%, 11/1/2026(a)		975,000		974,429
Athabasca Oil Corp. 9.75%, 11/1/2026(a)		174,000		184,005
Baytex Energy Corp. 8.75%, 4/1/2027(a)		930,000		967,783
8.50%, 4/30/2030(a)		1,820,000		1,889,693
Berry Petroleum Co. LLC 7.00%, 2/15/2026(a)		400,000		391,152
Buckeye Partners LP 4.13%, 3/1/2025(a)		240,000		234,369
3.95%, 12/1/2026		905,000		858,619
4.13%, 12/1/2027		700,000		659,953


Investments	Principal Amount ($)		Value ($)
4.50%, 3/1/2028(a)		695,000		652,622
5.85%, 11/15/2043		100,000		81,657
5.60%, 10/15/2044		1,500,000		1,156,046
Calumet Specialty Products Partners LP 8.13%, 1/15/2027(a)		1,850,000		1,820,960
9.75%, 7/15/2028(a)		1,850,000		1,854,625
Chesapeake Energy Corp. 5.88%, 2/1/2029(a)		1,055,000		1,047,775
CITGO Petroleum Corp. 7.00%, 6/15/2025(a)		1,250,000		1,249,822
8.38%, 1/15/2029(a)		1,000,000		1,038,967
Civitas Resources, Inc. 5.00%, 10/15/2026(a)		890,000		866,812
8.38%, 7/1/2028(a)(e)		1,275,000		1,340,933
8.75%, 7/1/2031(a)		3,140,000		3,338,146
CNX Midstream Partners LP 4.75%, 4/15/2030(a)		2,260,000		1,969,375
CNX Resources Corp. 7.25%, 3/14/2027(a)		760,000		762,219
6.00%, 1/15/2029(a)		1,075,000		1,038,714
7.38%, 1/15/2031(a)		1,235,000		1,254,214
Comstock Resources, Inc. 6.75%, 3/1/2029(a)		1,100,000		1,010,074
5.88%, 1/15/2030(a)		1,000,000		866,554
CQP Holdco LP 5.50%, 6/15/2031(a)		1,365,000		1,273,475
Crescent Energy Finance LLC 7.25%, 5/1/2026(a)		1,615,000		1,608,944
9.25%, 2/15/2028(a)		2,345,000		2,434,445
CVR Energy, Inc. 5.75%, 2/15/2028(a)		1,050,000		970,011
Delek Logistics Partners LP 6.75%, 5/15/2025		850,000		840,873
7.13%, 6/1/2028(a)		2,305,000		2,196,272
DT Midstream, Inc. 4.13%, 6/15/2029(a)		1,295,000		1,189,778
4.38%, 6/15/2031(a)		795,000		712,139
Encino Acquisition Partners Holdings LLC 8.50%, 5/1/2028(a)		2,420,000		2,401,850
Energy Transfer LP 8.00%, 5/15/2054(c)		4,550,000		4,708,431
Genesis Energy LP 6.25%, 5/15/2026		625,000		622,110
8.00%, 1/15/2027		2,360,000		2,387,782
7.75%, 2/1/2028		1,495,000		1,498,992
8.88%, 4/15/2030		445,000		465,569
Global Partners LP 7.00%, 8/1/2027		1,560,000		1,568,908
6.88%, 1/15/2029		1,310,000		1,287,075
Gran Tierra Energy, Inc. 9.50%, 10/15/2029(a)		2,882,000		2,550,570
Greenfire Resources Ltd. 12.00%, 10/1/2028(a)		1,400,000		1,450,820
Gulfport Energy Corp. 8.00%, 5/17/2026(a)		499,000		501,495
Harbour Energy plc 5.50%, 10/15/2026(a)		610,000		595,132


Investments	Principal Amount ($)		Value ($)
Harvest Midstream I LP 7.50%, 9/1/2028(a)		2,765,000		2,792,940
Hess Midstream Operations LP 5.63%, 2/15/2026(a)		650,000		645,905
4.25%, 2/15/2030(a)		700,000		643,896
Hilcorp Energy I LP 6.25%, 11/1/2028(a)		980,000		976,406
5.75%, 2/1/2029(a)		2,240,000		2,162,353
6.00%, 4/15/2030(a)		2,200,000		2,136,079
6.00%, 2/1/2031(a)		1,285,000		1,233,654
6.25%, 4/15/2032(a)		250,000		240,000
Howard Midstream Energy Partners LLC 6.75%, 1/15/2027(a)		995,000		990,772
Ithaca Energy North Sea plc 9.00%, 7/15/2026(a)		2,118,000		2,108,646
ITT Holdings LLC 6.50%, 8/1/2029(a)		4,182,000		3,658,037
Magnolia Oil & Gas Operating LLC 6.00%, 8/1/2026(a)		230,000		227,311
Martin Midstream Partners LP 11.50%, 2/15/2028(a)		2,356,000		2,423,184
Matador Resources Co. 5.88%, 9/15/2026		1,540,000		1,526,157
Moss Creek Resources Holdings, Inc. 7.50%, 1/15/2026(a)		2,825,000		2,814,494
10.50%, 5/15/2027(a)		2,565,000		2,639,495
Murphy Oil Corp. 7.05%, 5/1/2029		250,000		259,317
5.87%, 12/1/2042(f)		285,000		252,578
New Fortress Energy, Inc. 6.75%, 9/15/2025(a)		1,500,000		1,482,077
6.50%, 9/30/2026(a)		6,550,000		6,345,820
NGL Energy Partners LP 7.50%, 4/15/2026		604,000		604,754
Northern Oil and Gas, Inc. 8.13%, 3/1/2028(a)		1,620,000		1,645,217
8.75%, 6/15/2031(a)		200,000		209,031
Northriver Midstream Finance LP 5.63%, 2/15/2026(a)		1,961,000		1,911,210
NuStar Logistics LP 5.75%, 10/1/2025		950,000		947,625
6.00%, 6/1/2026		1,145,000		1,142,367
6.38%, 10/1/2030		240,000		241,200
Parkland Corp. 5.88%, 7/15/2027(a)		1,055,000		1,046,730
4.50%, 10/1/2029(a)		1,760,000		1,618,509
4.63%, 5/1/2030(a)		850,000		783,122
PBF Holding Co. LLC 6.00%, 2/15/2028		1,755,000		1,715,282
7.88%, 9/15/2030(a)		300,000		310,746
Rockies Express Pipeline LLC 3.60%, 5/15/2025(a)		1,010,000		980,101
4.95%, 7/15/2029(a)		295,000		282,031
4.80%, 5/15/2030(a)		70,000		65,362
7.50%, 7/15/2038(a)		820,000		824,100
6.88%, 4/15/2040(a)		260,000		257,649


Investments	Principal Amount ($)		Value ($)
SM Energy Co. 6.75%, 9/15/2026		920,000		918,758
6.63%, 1/15/2027		920,000		915,693
Strathcona Resources Ltd. 6.88%, 8/1/2026(a)		1,155,000		1,143,900
Sunoco LP 5.88%, 3/15/2028		885,000		879,482
7.00%, 9/15/2028(a)		280,000		286,198
4.50%, 5/15/2029		2,130,000		1,984,406
4.50%, 4/30/2030		1,830,000		1,691,522
Tallgrass Energy Partners LP 7.50%, 10/1/2025(a)		275,000		278,094
6.00%, 3/1/2027(a)		1,776,000		1,747,140
5.50%, 1/15/2028(a)		4,540,000		4,370,522
6.00%, 12/31/2030(a)		4,335,000		4,029,426
6.00%, 9/1/2031(a)		1,500,000		1,381,639
Talos Production, Inc. 12.00%, 1/15/2026		2,200,000		2,268,200
Teine Energy Ltd. 6.88%, 4/15/2029(a)		860,000		815,703
TerraForm Power Operating LLC 5.00%, 1/31/2028(a)		787,000		758,526
Topaz Solar Farms LLC 4.88%, 9/30/2039(a)		500,000		458,710
5.75%, 9/30/2039(a)		1,847,991		1,836,441
Venture Global Calcasieu Pass LLC 3.88%, 8/15/2029(a)		1,125,000		1,005,484
6.25%, 1/15/2030(a)		1,195,000		1,195,949
4.13%, 8/15/2031(a)		1,000,000		884,321
3.88%, 11/1/2033(a)		1,120,000		948,551
Venture Global LNG, Inc. 8.13%, 6/1/2028(a)		9,310,000		9,409,511
9.50%, 2/1/2029(a)		7,750,000		8,230,803
8.38%, 6/1/2031(a)		5,275,000		5,326,887
9.88%, 2/1/2032(a)		3,000,000		3,154,881
Vermilion Energy, Inc. 6.88%, 5/1/2030(a)		880,000		846,972
Vital Energy, Inc. 10.13%, 1/15/2028		1,000,000		1,047,312
7.75%, 7/31/2029(a)		1,015,000		1,003,197
W&T Offshore, Inc. 11.75%, 2/1/2026(a)		795,000		822,022

				174,179,552

Paper & Forest Products - 0.3%
Clearwater Paper Corp. 4.75%, 8/15/2028(a)		595,000		556,372
Domtar Corp. 6.75%, 10/1/2028(a)		2,745,000		2,519,262
Louisiana-Pacific Corp. 3.63%, 3/15/2029(a)		910,000		816,699

				3,892,333

Passenger Airlines - 0.8%
Air Canada 3.88%, 8/15/2026(a)		2,575,000		2,449,028
American Airlines Group, Inc. 3.75%, 3/1/2025(a)		250,000		243,592


Investments	Principal Amount ($)		Value ($)
American Airlines, Inc. 5.50%, 4/20/2026(a)		2,325,000		2,299,450
7.25%, 2/15/2028(a)(e)		1,660,000		1,682,510
5.75%, 4/20/2029(a)		2,100,000		2,062,263
United Airlines, Inc. 4.38%, 4/15/2026(a)		1,980,000		1,909,988
4.63%, 4/15/2029(a)		790,000		730,776

				11,377,607

Personal Care Products - 1.0%
BellRing Brands, Inc. 7.00%, 3/15/2030(a)		4,800,000		4,914,336
Coty, Inc. 4.75%, 1/15/2029(a)		250,000		238,300
6.63%, 7/15/2030(a)		1,000,000		1,018,570
Edgewell Personal Care Co. 5.50%, 6/1/2028(a)		1,570,000		1,536,748
4.13%, 4/1/2029(a)		240,000		216,314
Herbalife Nutrition Ltd. 7.88%, 9/1/2025(a)		2,082,000		2,066,531
Oriflame Investment Holding plc 5.13%, 5/4/2026(a)		1,895,000		521,125
Prestige Brands, Inc. 5.13%, 1/15/2028(a)		820,000		802,632
3.75%, 4/1/2031(a)		2,405,000		2,085,561

				13,400,117

Pharmaceuticals - 2.3%
Bausch Health Americas, Inc. 8.50%, 1/31/2027(a)		3,000,000		1,650,000
Bausch Health Cos., Inc. 5.50%, 11/1/2025(a)		5,000,000		4,594,975
6.13%, 2/1/2027(a)		5,065,000		3,204,929
5.75%, 8/15/2027(a)		2,335,000		1,394,767
5.00%, 1/30/2028(a)		1,000,000		435,277
4.88%, 6/1/2028(a)		5,561,000		3,144,331
11.00%, 9/30/2028(a)		6,860,000		4,666,858
6.25%, 2/15/2029(a)		3,000,000		1,283,574
7.25%, 5/30/2029(a)		1,000,000		420,784
14.00%, 10/15/2030(a)		2,000,000		1,118,068
Cheplapharm Arzneimittel GmbH 5.50%, 1/15/2028(a)		840,000		804,426
HLF Financing Sarl LLC 4.88%, 6/1/2029(a)		3,455,000		2,699,219
Jazz Securities DAC 4.38%, 1/15/2029(a)		335,000		308,998
Mallinckrodt International Finance SA 14.75%, 11/14/2028(a)		2,650,000		2,875,812
Organon & Co. 4.13%, 4/30/2028(a)		840,000		768,557
5.13%, 4/30/2031(a)(e)		3,507,000		3,012,958
P&L Development LLC 7.75%, 11/15/2025(a)		500,000		408,155

				32,791,688

Professional Services - 0.7%
AMN Healthcare, Inc. 4.63%, 10/1/2027(a)		1,070,000		1,019,924
4.00%, 4/15/2029(a)		250,000		226,890


Investments	Principal Amount ($)		Value ($)
ASGN, Inc. 4.63%, 5/15/2028(a)		1,180,000		1,116,008
CoreLogic, Inc. 4.50%, 5/1/2028(a)		2,545,000		2,255,303
Dun & Bradstreet Corp. (The) 5.00%, 12/15/2029(a)		200,000		185,928
KBR, Inc. 4.75%, 9/30/2028(a)		1,170,000		1,079,009
Korn Ferry 4.63%, 12/15/2027(a)		2,300,000		2,199,536
Science Applications International Corp. 4.88%, 4/1/2028(a)		1,355,000		1,278,876
TriNet Group, Inc. 3.50%, 3/1/2029(a)		1,106,000		976,101

				10,337,575

Real Estate Management & Development - 1.1%
Forestar Group, Inc. 3.85%, 5/15/2026(a)		881,000		836,835
5.00%, 3/1/2028(a)		1,415,000		1,335,152
Howard Hughes Corp. (The) 5.38%, 8/1/2028(a)		570,000		546,067
4.13%, 2/1/2029(a)		250,000		225,462
4.38%, 2/1/2031(a)		580,000		502,050
Hunt Cos., Inc. 5.25%, 4/15/2029(a)		1,435,000		1,333,602
Kennedy-Wilson, Inc. 4.75%, 3/1/2029		3,490,000		2,921,828
4.75%, 2/1/2030		3,450,000		2,801,779
5.00%, 3/1/2031		3,445,000		2,747,388
Realogy Group LLC 5.75%, 1/15/2029(a)		2,240,000		1,663,805
WeWork Cos. US LLC 12.00%, 8/15/2027(a)(b)(g)		3,371,664		67,433

				14,981,401

Retail REITs - 0.4%
Brookfield Property REIT, Inc. REIT, 5.75%, 5/15/2026(a)		2,150,000		2,075,570
REIT, 4.50%, 4/1/2027(a)		4,160,000		3,683,139

				5,758,709

Software - 2.0%
Alteryx, Inc. 8.75%, 3/15/2028(a)		770,000		824,531
Camelot Finance SA 4.50%, 11/1/2026(a)		495,000		477,266
Central Parent LLC 8.00%, 6/15/2029(a)		600,000		615,792
Central Parent, Inc. 7.25%, 6/15/2029(a)		600,000		611,327
Cloud Software Group, Inc. 6.50%, 3/31/2029(a)		6,615,000		6,176,646
9.00%, 9/30/2029(a)		2,950,000		2,792,047
Consensus Cloud Solutions, Inc. 6.00%, 10/15/2026(a)		655,000		620,485
6.50%, 10/15/2028(a)		1,125,000		1,010,414
Crowdstrike Holdings, Inc. 3.00%, 2/15/2029		685,000		612,206


Investments	Principal Amount ($)		Value ($)
Elastic NV 4.13%, 7/15/2029(a)		250,000		226,823
Fair Isaac Corp. 4.00%, 6/15/2028(a)		750,000		698,442
Gen Digital, Inc. 7.13%, 9/30/2030(a)		430,000		446,077
GoTo Group, Inc. 5.50%, 9/1/2027(a)		3,300,000		1,358,087
Helios Software Holdings, Inc. 4.63%, 5/1/2028(a)		480,000		436,912
McAfee Corp. 7.38%, 2/15/2030(a)		740,000		670,597
MicroStrategy, Inc. 6.13%, 6/15/2028(a)		650,000		620,133
Open Text Corp. 3.88%, 12/1/2029(a)		600,000		541,127
Open Text Holdings, Inc. 4.13%, 2/15/2030(a)		745,000		674,300
4.13%, 12/1/2031(a)		400,000		355,229
PTC, Inc. 3.63%, 2/15/2025(a)		180,000		176,697
4.00%, 2/15/2028(a)		2,485,000		2,345,219
SS&C Technologies, Inc. 5.50%, 9/30/2027(a)		2,025,000		1,987,817
Veritas US, Inc. 7.50%, 9/1/2025(a)		4,010,000		3,426,716

				27,704,890

Specialized REITs - 0.4%
Iron Mountain, Inc. REIT, 5.25%, 3/15/2028(a)		775,000		751,600
REIT, 5.00%, 7/15/2028(a)		300,000		287,005
REIT, 7.00%, 2/15/2029(a)		840,000		861,370
REIT, 4.88%, 9/15/2029(a)		870,000		812,976
REIT, 5.25%, 7/15/2030(a)		1,205,000		1,136,563
REIT, 4.50%, 2/15/2031(a)		1,035,000		928,026
REIT, 5.63%, 7/15/2032(a)		474,000		445,141
SBA Communications Corp. REIT, 3.88%, 2/15/2027		200,000		190,864

				5,413,545

Specialty Retail - 3.7%
99 Escrow Issuer, Inc. 7.50%, 1/15/2026(a)		340,000		105,400
Arko Corp. 5.13%, 11/15/2029(a)		2,610,000		2,300,219
Asbury Automotive Group, Inc. 5.00%, 2/15/2032(a)		430,000		388,636
At Home Group, Inc. 4.88%, 7/15/2028(a)		1,010,000		454,500
Bath & Body Works, Inc. 6.95%, 3/1/2033		230,000		226,305
6.88%, 11/1/2035		650,000		648,149
6.75%, 7/1/2036		350,000		344,843
BCPE Ulysses Intermediate, Inc. 7.75%, 4/1/2027(a)(b)		800,000		759,816
eG Global Finance plc 12.00%, 11/30/2028(a)		1,000,000		1,056,980


Investments	Principal Amount ($)		Value ($)
Evergreen Acqco 1 LP 9.75%, 4/26/2028(a)		2,245,000		2,410,748
Foot Locker, Inc. 4.00%, 10/1/2029(a)		100,000		84,472
Gap, Inc. (The) 3.63%, 10/1/2029(a)		1,710,000		1,464,537
3.88%, 10/1/2031(a)		1,563,000		1,289,313
GYP Holdings III Corp. 4.63%, 5/1/2029(a)		760,000		703,996
Ken Garff Automotive LLC 4.88%, 9/15/2028(a)		125,000		116,884
LCM Investments Holdings II LLC 4.88%, 5/1/2029(a)		851,000		766,920
LSF9 Atlantis Holdings LLC 7.75%, 2/15/2026(a)		2,795,000		2,694,456
Michaels Cos., Inc. (The) 5.25%, 5/1/2028(a)		4,905,000		3,852,736
7.88%, 5/1/2029(a)		6,620,000		4,234,109
Murphy Oil USA, Inc. 5.63%, 5/1/2027		45,000		44,947
4.75%, 9/15/2029		200,000		189,440
3.75%, 2/15/2031(a)		2,900,000		2,501,424
PetSmart, Inc. 4.75%, 2/15/2028(a)		1,050,000		980,872
7.75%, 2/15/2029(a)		1,110,000		1,073,017
Sonic Automotive, Inc. 4.63%, 11/15/2029(a)		255,000		230,982
4.88%, 11/15/2031(a)		1,700,000		1,475,464
Specialty Building Products Holdings LLC 6.38%, 9/30/2026(a)		1,615,000		1,587,577
Staples, Inc. 7.50%, 4/15/2026(a)		11,385,000		10,656,893
10.75%, 4/15/2027(a)		5,518,000		4,276,450
Upbound Group, Inc. 6.38%, 2/15/2029(a)		2,580,000		2,459,824
Valvoline, Inc. 3.63%, 6/15/2031(a)		3,015,000		2,578,006
Victoria’s Secret & Co. 4.63%, 7/15/2029(a)		275,000		232,507

				52,190,422

Technology Hardware, Storage & Peripherals - 0.5%
Seagate HDD Cayman 5.75%, 12/1/2034		2,785,000		2,699,027
Western Digital Corp. 4.75%, 2/15/2026		1,265,000		1,230,510
Xerox Corp. 4.80%, 3/1/2035		1,235,000		923,637
Xerox Holdings Corp. 5.50%, 8/15/2028(a)		1,615,000		1,471,352

				6,324,526

Textiles, Apparel & Luxury Goods - 0.1%
Eagle Intermediate Global Holding BV 7.50%, 5/1/2025(a)		816,000		541,989
William Carter Co. (The) 5.63%, 3/15/2027(a)		250,000		245,361


Investments	Principal Amount ($)		Value ($)
Wolverine World Wide, Inc. 4.00%, 8/15/2029(a)		300,000		241,740

				1,029,090

Tobacco - 0.4%
Turning Point Brands, Inc. 5.63%, 2/15/2026(a)		270,000		262,575
Vector Group Ltd. 5.75%, 2/1/2029(a)		5,025,000		4,634,164

				4,896,739

Trading Companies & Distributors - 0.3%
Beacon Roofing Supply, Inc. 4.50%, 11/15/2026(a)		625,000		604,512
4.13%, 5/15/2029(a)		895,000		810,026
BlueLinx Holdings, Inc. 6.00%, 11/15/2029(a)		530,000		501,290
Boise Cascade Co. 4.88%, 7/1/2030(a)		220,000		204,040
Fortress Transportation and Infrastructure Investors LLC 9.75%, 8/1/2027(a)		600,000		622,339
Imola Merger Corp. 4.75%, 5/15/2029(a)		2,020,000		1,880,922

				4,623,129

Transportation Infrastructure - 0.1%
Port of Newcastle Investments Financing Pty. Ltd. 5.90%, 11/24/2031(a)		1,400,000		1,258,876

Wireless Telecommunication Services - 1.2%
Altice France Holding SA 10.50%, 5/15/2027(a)		5,280,000		3,034,098
6.00%, 2/15/2028(a)		2,378,000		1,061,590
Connect Finco Sarl 6.75%, 10/1/2026(a)		2,280,000		2,228,318
Hughes Satellite Systems Corp. 5.25%, 8/1/2026		1,570,000		1,329,131
6.63%, 8/1/2026		4,510,000		3,083,712
Rogers Communications, Inc. 5.25%, 3/15/2082(a)(c)		1,655,000		1,576,090
Vmed O2 UK Financing I plc 4.25%, 1/31/2031(a)		1,215,000		1,062,696
4.75%, 7/15/2031(a)		1,260,000		1,129,225
Vodafone Group plc 7.00%, 4/4/2079(c)		1,250,000		1,291,766
5.13%, 6/4/2081(c)		500,000		377,403

				16,174,029

TOTAL CORPORATE BONDS (COST $1,323,237,747)				1,356,080,793


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 0.8%(h)

REPURCHASE AGREEMENTS - 0.8%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $10,635,699, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $84,296,854 (Cost $10,634,130)		10,634,130		10,634,130

Total Investments - 97.7% (Cost $1,333,871,877)				1,366,714,923
Other assets less liabilities - 2.3%				31,685,511

Net Assets - 100.0%				1,398,400,434

(a)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(b)	Payment in-kind security.

(c)	Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(d)	Represents less than 0.05% of net assets.

(e)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $1,142,318,737, collateralized in the form of cash with a value of $10,634,130 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $1,371,625 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.00% – 7.63%, and maturity dates ranging from February 29, 2024 – August 15, 2053; a total value of $12,005,755.

(f)	Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2024.

(g)	Issuer has defaulted on terms of debt obligation. Income is not being accrued.

(h)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $10,634,130.

Percentages shown are based on Net Assets.


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 94.6%

Air Freight & Logistics - 0.6%
CH Robinson Worldwide, Inc. 4.20%, 4/15/2028		10,000		9,771
United Parcel Service, Inc. 4.45%, 4/1/2030		147,000		147,378
3.75%, 11/15/2047		35,000		29,159
5.05%, 3/3/2053		40,000		40,470

				226,778

Automobile Components - 0.2%
Aptiv plc 4.35%, 3/15/2029		25,000		24,547
BorgWarner, Inc. 2.65%, 7/1/2027		40,000		37,323

				61,870

Automobiles - 0.5%
General Motors Co. 6.80%, 10/1/2027		100,000		105,905
5.15%, 4/1/2038		40,000		37,833
5.95%, 4/1/2049		37,000		36,423

				180,161

Banks - 13.0%
Banco Santander SA 5.15%, 8/18/2025		200,000		199,100
4.18%, 3/24/2028(a)		200,000		192,625
Bank of America Corp. 3.38%, 4/2/2026(a)		201,000		196,474
5.08%, 1/20/2027(a)		67,000		67,011
1.73%, 7/22/2027(a)		100,000		92,173
3.42%, 12/20/2028(a)		133,000		125,638
2.09%, 6/14/2029(a)		127,000		112,561
4.27%, 7/23/2029(a)		200,000		193,794
4.57%, 4/27/2033(a)		67,000		64,110
5.29%, 4/25/2034(a)		195,000		196,198
2.68%, 6/19/2041(a)		44,000		31,756
Bank of Montreal 3.09%, 1/10/2037(a)		90,000		73,027
Bank of Nova Scotia (The) 5.65%, 2/1/2034		30,000		31,027
Barclays plc 5.83%, 5/9/2027(a)		193,000		194,640
3.81%, 3/10/2042(a)		200,000		151,925
Canadian Imperial Bank of Commerce 6.09%, 10/3/2033		20,000		21,237
Citigroup, Inc. 3.29%, 3/17/2026(a)		33,000		32,254
3.11%, 4/8/2026(a)		100,000		97,491
3.20%, 10/21/2026		187,000		178,886
4.45%, 9/29/2027		67,000		65,686
3.98%, 3/20/2030(a)		67,000		63,853
2.67%, 1/29/2031(a)		107,000		93,367
4.41%, 3/31/2031(a)		100,000		96,224


Investments	Principal Amount ($)		Value ($)
2.57%, 6/3/2031(a)		73,000		62,879
3.06%, 1/25/2033(a)		77,000		65,956
8.13%, 7/15/2039		30,000		38,900
6.68%, 9/13/2043		92,000		104,923
HSBC Holdings plc 7.39%, 11/3/2028(a)		210,000		225,490
6.50%, 9/15/2037		150,000		158,988
ING Groep NV 4.02%, 3/28/2028(a)		200,000		194,119
JPMorgan Chase & Co. 1.58%, 4/22/2027(a)		100,000		92,819
3.78%, 2/1/2028(a)		100,000		96,815
6.09%, 10/23/2029(a)		130,000		136,521
4.45%, 12/5/2029(a)		100,000		98,172
4.57%, 6/14/2030(a)		100,000		98,420
2.58%, 4/22/2032(a)		14,000		11,861
Mitsubishi UFJ Financial Group, Inc. 5.13%, 7/20/2033(a)		200,000		201,151
PNC Financial Services Group, Inc. (The) 4.63%, 6/6/2033(a)		50,000		46,973
Royal Bank of Canada 5.00%, 2/1/2033		20,000		20,003
5.00%, 5/2/2033		30,000		30,082
5.15%, 2/1/2034		40,000		40,092
Santander Holdings USA, Inc. 3.45%, 6/2/2025		120,000		116,691
Sumitomo Mitsui Financial Group, Inc. 2.17%, 1/14/2027		210,000		194,873
Toronto-Dominion Bank (The) 4.11%, 6/8/2027		17,000		16,682
4.46%, 6/8/2032		177,000		170,445
Westpac Banking Corp. 6.82%, 11/17/2033		50,000		54,526

				4,848,438

Beverages - 1.2%
Anheuser-Busch Cos. LLC 4.70%, 2/1/2036		71,000		70,138
Anheuser-Busch InBev Worldwide, Inc. 5.45%, 1/23/2039		12,000		12,613
5.80%, 1/23/2059		12,000		13,178
Molson Coors Beverage Co. 4.20%, 7/15/2046		14,000		11,874
PepsiCo, Inc. 2.25%, 3/19/2025		10,000		9,723
4.45%, 5/15/2028		67,000		68,014
2.63%, 7/29/2029		50,000		45,889
1.95%, 10/21/2031		80,000		67,164
3.50%, 3/19/2040		133,000		112,069
4.65%, 2/15/2053		30,000		29,159
3.88%, 3/19/2060		5,000		4,168

				443,989

Biotechnology - 1.3%
Amgen, Inc. 1.90%, 2/21/2025		17,000		16,443


Investments	Principal Amount ($)		Value ($)
4.05%, 8/18/2029		26,000		25,313
2.80%, 8/15/2041		26,000		18,826
5.60%, 3/2/2043		120,000		123,467
4.66%, 6/15/2051		204,000		182,709
4.88%, 3/1/2053		26,000		23,957
2.77%, 9/1/2053		14,000		8,873
5.75%, 3/2/2063		5,000		5,152
Biogen, Inc. 2.25%, 5/1/2030		10,000		8,524
3.15%, 5/1/2050		43,000		29,465
Regeneron Pharmaceuticals, Inc. 1.75%, 9/15/2030		54,000		44,607

				487,336

Broadline Retail - 0.8%
Alibaba Group Holding Ltd. 2.70%, 2/9/2041		200,000		137,959
eBay, Inc. 5.90%, 11/22/2025		67,000		68,093
2.70%, 3/11/2030		50,000		44,569
6.30%, 11/22/2032		35,000		38,030

				288,651

Building Products - 0.5%
Fortune Brands Innovations, Inc. 5.88%, 6/1/2033		25,000		26,070
Johnson Controls International plc 1.75%, 9/15/2030		30,000		24,948
4.63%, 7/2/2044(b)		33,000		29,674
Owens Corning 4.30%, 7/15/2047		26,000		22,382
Trane Technologies Financing Ltd. 3.80%, 3/21/2029		60,000		57,994
5.25%, 3/3/2033		10,000		10,333
Trane Technologies Global Holding Co. Ltd. 4.30%, 2/21/2048		7,000		6,118

				177,519

Capital Markets - 7.5%
Bain Capital Specialty Finance, Inc. 2.55%, 10/13/2026		7,000		6,353
Bank of New York Mellon Corp. (The) 3.40%, 1/29/2028		67,000		64,158
3.99%, 6/13/2028(a)		77,000		75,316
4.60%, 7/26/2030(a)		33,000		32,696
4.29%, 6/13/2033(a)		20,000		18,959
Barings BDC, Inc. 3.30%, 11/23/2026		7,000		6,483
BGC Group, Inc. 8.00%, 5/25/2028		10,000		10,578
BlackRock, Inc. 4.75%, 5/25/2033		25,000		25,034
Blackstone Private Credit Fund 2.63%, 12/15/2026		33,000		29,961
7.30%, 11/27/2028(c)		20,000		20,865
Blue Owl Capital Corp. 2.63%, 1/15/2027		33,000		29,988
5.95%, 3/15/2029		20,000		19,858
Blue Owl Credit Income Corp. 5.50%, 3/21/2025		33,000		32,675


Investments	Principal Amount ($)		Value ($)
7.75%, 1/15/2029(c)		50,000		52,202
Deutsche Bank AG 7.15%, 7/13/2027(a)		150,000		155,358
Eaton Vance Corp. 3.50%, 4/6/2027		3,000		2,881
FactSet Research Systems, Inc. 3.45%, 3/1/2032		10,000		8,919
Franklin BSP Lending Corp. 3.25%, 3/30/2026		7,000		6,516
Goldman Sachs Group, Inc. (The) 4.48%, 8/23/2028(a)		301,000		296,545
2.38%, 7/21/2032(a)		17,000		14,017
3.10%, 2/24/2033(a)		70,000		60,267
6.75%, 10/1/2037		87,000		96,773
3.44%, 2/24/2043(a)		110,000		86,789
Hercules Capital, Inc. 3.38%, 1/20/2027		14,000		12,773
Moody’s Corp. 2.75%, 8/19/2041		43,000		31,261
3.75%, 2/25/2052		72,000		57,825
Morgan Stanley 2.63%, 2/18/2026(a)		20,000		19,437
3.13%, 7/27/2026		100,000		95,963
0.99%, 12/10/2026(a)		26,000		24,018
5.12%, 2/1/2029(a)		133,000		133,486
2.70%, 1/22/2031(a)		133,000		116,860
2.24%, 7/21/2032(a)		30,000		24,597
5.25%, 4/21/2034(a)		135,000		135,074
5.42%, 7/21/2034(a)		64,000		64,829
5.30%, 4/20/2037(a)		33,000		32,357
5.60%, 3/24/2051(a)		78,000		83,734
Nasdaq, Inc. 3.85%, 6/30/2026		50,000		48,889
5.35%, 6/28/2028		70,000		71,788
5.55%, 2/15/2034		40,000		41,477
3.95%, 3/7/2052		7,000		5,579
Prospect Capital Corp. 3.71%, 1/22/2026		33,000		31,040
S&P Global, Inc. 2.45%, 3/1/2027		40,000		37,651
1.25%, 8/15/2030		50,000		40,700
2.90%, 3/1/2032		50,000		44,044
5.25%, 9/15/2033(c)		25,000		25,851
4.50%, 5/15/2048		24,000		20,509
3.70%, 3/1/2052		30,000		23,932
Sixth Street Specialty Lending, Inc. 6.13%, 3/1/2029		20,000		19,971
State Street Corp. 2.90%, 3/30/2026(a)		50,000		48,655
5.82%, 11/4/2028(a)		50,000		51,818
2.40%, 1/24/2030		63,000		56,226
6.12%, 11/21/2034(a)		50,000		52,869
UBS AG 1.25%, 6/1/2026		200,000		184,140

				2,790,544


Investments	Principal Amount ($)		Value ($)
Chemicals - 1.0%
Dow Chemical Co. (The) 5.55%, 11/30/2048		5,000		5,048
6.90%, 5/15/2053		54,000		64,047
DuPont de Nemours, Inc. 4.73%, 11/15/2028		20,000		20,174
5.32%, 11/15/2038		7,000		7,054
Ecolab, Inc. 4.80%, 3/24/2030		33,000		33,665
1.30%, 1/30/2031		63,000		50,684
3.95%, 12/1/2047		20,000		17,211
FMC Corp. 5.15%, 5/18/2026		100,000		100,047
3.45%, 10/1/2029		10,000		9,088
5.65%, 5/18/2033		5,000		4,974
International Flavors & Fragrances, Inc. 5.00%, 9/26/2048		17,000		14,526
Nutrien Ltd. 5.88%, 12/1/2036		20,000		21,084
5.25%, 1/15/2045		47,000		45,422

				393,024

Commercial Services & Supplies - 0.3%
RELX Capital, Inc. 3.00%, 5/22/2030		33,000		30,063
Republic Services, Inc. 5.00%, 12/15/2033		15,000		15,138
5.00%, 4/1/2034		20,000		20,203
Veralto Corp. 5.50%, 9/18/2026(c)		15,000		15,213
5.35%, 9/18/2028(c)		15,000		15,312

				95,929

Communications Equipment - 0.1%
Nokia OYJ 4.38%, 6/12/2027		26,000		25,019

Consumer Finance - 4.8%
Ally Financial, Inc. 6.99%, 6/13/2029(a)		80,000		82,859
6.85%, 1/3/2030(a)		20,000		20,647
American Express Co. 3.13%, 5/20/2026		50,000		48,289
3.30%, 5/3/2027		50,000		47,861
5.28%, 7/27/2029(a)		100,000		101,835
4.42%, 8/3/2033(a)		40,000		38,441
5.63%, 7/28/2034(a)		30,000		30,813
4.05%, 12/3/2042		14,000		12,473
Capital One Financial Corp. 4.93%, 5/10/2028(a)		83,000		81,828
3.27%, 3/1/2030(a)		30,000		26,949
5.27%, 5/10/2033(a)		57,000		55,565
6.38%, 6/8/2034(a)		40,000		41,561
Ford Motor Credit Co. LLC 6.95%, 6/10/2026		400,000		410,421
7.20%, 6/10/2030		200,000		212,669
General Motors Financial Co., Inc. 6.00%, 1/9/2028		33,000		34,072
5.85%, 4/6/2030		33,000		33,887


Investments	Principal Amount ($)		Value ($)
3.10%, 1/12/2032		67,000		56,934
6.40%, 1/9/2033		145,000		153,554
6.10%, 1/7/2034		35,000		36,085
John Deere Capital Corp. 4.80%, 1/9/2026		20,000		20,107
5.15%, 9/8/2026		40,000		40,703
4.70%, 6/10/2030		50,000		50,571
4.35%, 9/15/2032		67,000		66,068
Series I, 5.15%, 9/8/2033		40,000		41,570
Synchrony Financial 2.88%, 10/28/2031		44,000		35,003

				1,780,765

Consumer Staples Distribution & Retail - 0.7%
Kroger Co. (The) 5.40%, 1/15/2049		18,000		17,932
3.95%, 1/15/2050		54,000		43,570
Target Corp. 2.25%, 4/15/2025		50,000		48,549
2.65%, 9/15/2030		127,000		113,863
4.80%, 1/15/2053		27,000		26,134

				250,048

Containers & Packaging - 0.4%
Amcor Finance USA, Inc. 3.63%, 4/28/2026		20,000		19,355
5.63%, 5/26/2033		20,000		20,724
Amcor Flexibles North America, Inc. 2.63%, 6/19/2030		20,000		17,345
AptarGroup, Inc. 3.60%, 3/15/2032		13,000		11,679
Avery Dennison Corp. 2.65%, 4/30/2030		10,000		8,861
5.75%, 3/15/2033		14,000		14,823
Berry Global, Inc. 1.57%, 1/15/2026		26,000		24,271
5.50%, 4/15/2028(c)		20,000		20,203

				137,261

Diversified Consumer Services - 0.0%(d)
Howard University Series 22A, 5.21%, 10/1/2052		3,000		2,675

Diversified REITs - 0.4%
Digital Realty Trust LP REIT, 5.55%, 1/15/2028		10,000		10,225
REIT, 4.45%, 7/15/2028		33,000		32,357
Simon Property Group LP REIT, 1.75%, 2/1/2028		20,000		17,951
REIT, 2.65%, 2/1/2032		50,000		42,505
REIT, 6.75%, 2/1/2040		17,000		19,357
REIT, 5.85%, 3/8/2053		17,000		18,076

				140,471

Diversified Telecommunication Services - 3.4%
Deutsche Telekom International Finance BV 8.75%, 6/15/2030(b)		40,000		47,646
Orange SA 9.00%, 3/1/2031(b)		44,000		54,296


Investments	Principal Amount ($)		Value ($)
Telefonica Emisiones SA 4.90%, 3/6/2048		150,000		132,573
TELUS Corp. 3.40%, 5/13/2032		7,000		6,225
Verizon Communications, Inc. 4.13%, 3/16/2027		100,000		98,347
4.33%, 9/21/2028		100,000		98,586
2.55%, 3/21/2031		437,000		375,648
2.36%, 3/15/2032		67,000		55,642
5.05%, 5/9/2033		55,000		55,563
2.65%, 11/20/2040		161,000		114,973
3.40%, 3/22/2041		84,000		66,419
4.86%, 8/21/2046		50,000		47,520
3.88%, 3/1/2052		154,000		123,090
2.99%, 10/30/2056		14,000		9,151

				1,285,679

Electric Utilities - 4.4%
Avangrid, Inc. 3.80%, 6/1/2029		14,000		13,171
Baltimore Gas and Electric Co. 4.25%, 9/15/2048		15,000		12,741
Commonwealth Edison Co. 3.00%, 3/1/2050		33,000		22,570
Connecticut Light and Power Co. (The) Series A, 2.05%, 7/1/2031		117,000		96,879
4.00%, 4/1/2048		22,000		18,474
Edison International 4.13%, 3/15/2028		150,000		145,496
Enel Americas SA 4.00%, 10/25/2026		7,000		6,787
Enel Chile SA 4.88%, 6/12/2028		20,000		19,781
Eversource Energy 4.60%, 7/1/2027		17,000		16,825
Series R, 1.65%, 8/15/2030		17,000		13,777
3.45%, 1/15/2050		40,000		28,195
Exelon Corp. 2.75%, 3/15/2027		167,000		157,062
5.30%, 3/15/2033		10,000		10,106
4.95%, 6/15/2035		140,000		134,689
4.45%, 4/15/2046		33,000		28,589
5.60%, 3/15/2053		23,000		23,191
Florida Power & Light Co. 4.80%, 5/15/2033		60,000		60,273
4.13%, 6/1/2048		5,000		4,295
5.30%, 4/1/2053		155,000		158,395
Pacific Gas and Electric Co. 3.15%, 1/1/2026		50,000		48,069
6.10%, 1/15/2029		130,000		134,686
4.20%, 6/1/2041		98,000		78,598
3.95%, 12/1/2047		200,000		149,292
PECO Energy Co. 4.90%, 6/15/2033		20,000		20,179
Public Service Electric and Gas Co. 4.65%, 3/15/2033		15,000		14,888
3.60%, 12/1/2047		77,000		61,869


Investments	Principal Amount ($)		Value ($)
Southern California Edison Co. 5.95%, 11/1/2032		67,000		71,418
Series C, 4.13%, 3/1/2048		33,000		27,160
Series E, 5.45%, 6/1/2052		75,000		74,479

				1,651,934

Electronic Equipment, Instruments & Components - 0.1%
Flex Ltd. 4.88%, 5/12/2030		30,000		29,369

Energy Equipment & Services - 0.4%
Baker Hughes Holdings LLC 4.08%, 12/15/2047		35,000		29,125
Halliburton Co. 2.92%, 3/1/2030		10,000		9,060
4.85%, 11/15/2035		90,000		89,167
Schlumberger Investment SA 4.85%, 5/15/2033		30,000		30,251

				157,603

Entertainment - 0.7%
Walt Disney Co. (The) 6.40%, 12/15/2035		67,000		76,111
3.50%, 5/13/2040		5,000		4,150
7.75%, 12/1/2045		29,000		38,784
4.75%, 11/15/2046		107,000		101,316
3.80%, 5/13/2060		50,000		39,486

				259,847

Financial Services - 2.0%
Corebridge Financial, Inc. 5.75%, 1/15/2034		10,000		10,257
6.88%, 12/15/2052(a)		7,000		7,020
Equitable Holdings, Inc. 5.59%, 1/11/2033		44,000		45,173
5.00%, 4/20/2048		5,000		4,688
Mastercard, Inc. 3.30%, 3/26/2027		100,000		97,019
2.95%, 6/1/2029		94,000		87,964
2.00%, 11/18/2031		33,000		27,782
4.85%, 3/9/2033		30,000		30,805
3.95%, 2/26/2048		15,000		13,129
2.95%, 3/15/2051		30,000		21,696
PayPal Holdings, Inc. 4.40%, 6/1/2032		98,000		96,592
5.05%, 6/1/2052		30,000		29,593
Shell International Finance BV 3.88%, 11/13/2028		70,000		68,628
2.75%, 4/6/2030		90,000		81,596
6.38%, 12/15/2038		35,000		40,251
2.88%, 11/26/2041		20,000		15,011
4.00%, 5/10/2046		33,000		28,369
3.25%, 4/6/2050		28,000		20,553
Visa, Inc. 2.70%, 4/15/2040		5,000		3,819
Voya Financial, Inc. 4.70%, 1/23/2048(a)		30,000		25,513

				755,458


Investments	Principal Amount ($)		Value ($)
Food Products - 0.8%
Campbell Soup Co. 4.15%, 3/15/2028		50,000		48,929
2.38%, 4/24/2030		17,000		14,692
General Mills, Inc. 2.88%, 4/15/2030		50,000		45,031
4.95%, 3/29/2033		14,000		14,014
4.55%, 4/17/2038		5,000		4,633
4.70%, 4/17/2048		10,000		9,111
3.00%, 2/1/2051		7,000		4,721
Hershey Co. (The) 4.25%, 5/4/2028		20,000		19,947
1.70%, 6/1/2030		32,000		27,138
2.65%, 6/1/2050		10,000		6,696
Hormel Foods Corp. 3.05%, 6/3/2051		20,000		13,875
Ingredion, Inc. 2.90%, 6/1/2030		33,000		29,480
Mondelez International, Inc. 2.63%, 9/4/2050		50,000		32,722
Tyson Foods, Inc. 5.10%, 9/28/2048		43,000		38,817

				309,806

Gas Utilities - 0.3%
Southern California Gas Co. 2.95%, 4/15/2027		117,000		111,239
Washington Gas Light Co. 3.65%, 9/15/2049		10,000		7,463

				118,702

Ground Transportation - 1.6%
Canadian National Railway Co. 3.65%, 2/3/2048		14,000		11,373
4.45%, 1/20/2049		62,000		57,168
4.40%, 8/5/2052		7,000		6,387
Canadian Pacific Railway Co. 5.75%, 3/15/2033		3,000		3,153
4.30%, 5/15/2043		10,000		8,770
4.80%, 8/1/2045		59,000		55,258
4.20%, 11/15/2069		47,000		38,202
CSX Corp. 2.40%, 2/15/2030		33,000		29,244
5.20%, 11/15/2033		10,000		10,331
4.30%, 3/1/2048		82,000		72,570
3.80%, 4/15/2050		33,000		26,371
4.65%, 3/1/2068		3,000		2,705
JB Hunt Transport Services, Inc. 3.88%, 3/1/2026		30,000		29,380
Union Pacific Corp. 4.50%, 1/20/2033		80,000		79,468
4.50%, 9/10/2048		40,000		35,900
5.15%, 1/20/2063		130,000		129,987

				596,267

Health Care Equipment & Supplies - 1.2%
Abbott Laboratories 1.40%, 6/30/2030		58,000		48,949
4.90%, 11/30/2046		83,000		83,023


Investments	Principal Amount ($)		Value ($)
Baxter International, Inc. 1.73%, 4/1/2031		50,000		40,274
3.13%, 12/1/2051		33,000		22,141
Becton Dickinson & Co. 3.79%, 5/20/2050		50,000		40,237
Boston Scientific Corp. 2.65%, 6/1/2030		50,000		44,571
4.55%, 3/1/2039		10,000		9,604
Dentsply Sirona, Inc. 3.25%, 6/1/2030		10,000		8,957
Edwards Lifesciences Corp. 4.30%, 6/15/2028		5,000		4,929
Medtronic Global Holdings SCA 4.25%, 3/30/2028		60,000		59,592
4.50%, 3/30/2033		5,000		4,956
Medtronic, Inc. 4.00%, 4/1/2043		14,000		12,272
4.63%, 3/15/2045		30,000		28,745
Zimmer Biomet Holdings, Inc. 2.60%, 11/24/2031		50,000		42,823

				451,073

Health Care Providers & Services - 4.4%
Aetna, Inc. 3.88%, 8/15/2047		41,000		31,875
Cardinal Health, Inc. 4.90%, 9/15/2045		33,000		29,918
Cencora, Inc. 2.70%, 3/15/2031		50,000		43,579
Cigna Group (The) 4.38%, 10/15/2028		40,000		39,443
6.13%, 11/15/2041		33,000		35,908
3.88%, 10/15/2047		24,000		19,282
4.90%, 12/15/2048		67,000		62,394
3.40%, 3/15/2051		14,000		10,179
CVS Health Corp. 3.88%, 7/20/2025		50,000		49,205
3.63%, 4/1/2027		33,000		31,943
4.30%, 3/25/2028		100,000		98,255
5.25%, 2/21/2033		80,000		80,984
4.78%, 3/25/2038		90,000		84,431
5.05%, 3/25/2048		174,000		159,526
Elevance Health, Inc. 2.25%, 5/15/2030		50,000		43,163
4.10%, 5/15/2032		124,000		117,358
4.75%, 2/15/2033		20,000		19,800
4.55%, 3/1/2048		32,000		28,775
3.60%, 3/15/2051		52,000		40,198
6.10%, 10/15/2052		14,000		15,511
5.13%, 2/15/2053		20,000		19,567
HCA, Inc. 3.63%, 3/15/2032		133,000		118,558
7.50%, 11/6/2033		47,000		52,993
4.38%, 3/15/2042		15,000		12,824
4.63%, 3/15/2052		77,000		65,316
Laboratory Corp. of America Holdings 1.55%, 6/1/2026		50,000		46,358
2.70%, 6/1/2031		50,000		43,386


Investments	Principal Amount ($)		Value ($)
Novant Health, Inc. 3.32%, 11/1/2061		23,000		15,211
Quest Diagnostics, Inc. 4.20%, 6/30/2029		43,000		42,149
6.40%, 11/30/2033		10,000		10,962
UnitedHealth Group, Inc. 4.00%, 5/15/2029		50,000		48,783
4.50%, 4/15/2033		10,000		9,848
5.88%, 2/15/2053		64,000		71,030
5.20%, 4/15/2063		55,000		55,125

				1,653,837

Health Care REITs - 0.5%
Healthcare Realty Holdings LP
REIT, 2.05%, 3/15/2031		7,000		5,432
Healthpeak OP LLC
REIT, 2.88%, 1/15/2031		20,000		17,352
Ventas Realty LP
REIT, 4.00%, 3/1/2028		33,000		31,716
REIT, 3.00%, 1/15/2030		48,000		42,622
REIT, 4.75%, 11/15/2030		10,000		9,778
Welltower OP LLC
REIT, 2.05%, 1/15/2029		20,000		17,563
REIT, 3.85%, 6/15/2032		54,000		49,504
REIT, 4.95%, 9/1/2048		5,000		4,684

				178,651

Hotel & Resort REITs - 0.1%
Host Hotels & Resorts LP
Series F, REIT, 4.50%, 2/1/2026		50,000		49,228
Series I, REIT, 3.50%, 9/15/2030		10,000		8,991

				58,219

Hotels, Restaurants & Leisure - 1.5%
Marriott International, Inc. 5.45%, 9/15/2026		50,000		50,744
5.00%, 10/15/2027		20,000		20,192
4.90%, 4/15/2029		30,000		30,184
Series HH, 2.85%, 4/15/2031		33,000		28,654
Series II, 2.75%, 10/15/2033		3,000		2,473
McDonald’s Corp. 3.30%, 7/1/2025		50,000		48,974
3.50%, 7/1/2027		50,000		48,456
4.70%, 12/9/2035		33,000		32,600
4.88%, 12/9/2045		33,000		31,958
4.45%, 9/1/2048		15,000		13,548
3.63%, 9/1/2049		74,000		57,964
5.15%, 9/9/2052		7,000		6,993
Sands China Ltd. 4.05%, 1/8/2026(b)		200,000		192,575

				565,315

Household Durables - 0.1%
Mohawk Industries, Inc. 5.85%, 9/18/2028		12,000		12,437
3.63%, 5/15/2030		7,000		6,505


Investments	Principal Amount ($)		Value ($)
NVR, Inc. 3.00%, 5/15/2030		14,000		12,538

				31,480

Household Products - 0.1%
Church & Dwight Co., Inc. 5.60%, 11/15/2032		20,000		21,199
5.00%, 6/15/2052		5,000		4,863
Clorox Co. (The) 4.40%, 5/1/2029		10,000		9,900
4.60%, 5/1/2032		14,000		13,860

				49,822

Independent Power and Renewable Electricity Producers - 0.3%
Constellation Energy Generation LLC 3.25%, 6/1/2025		50,000		48,662
5.60%, 3/1/2028		40,000		41,148
5.80%, 3/1/2033		10,000		10,433
6.13%, 1/15/2034		20,000		21,343

				121,586

Industrial REITs - 0.3%
Prologis LP
REIT, 4.88%, 6/15/2028		40,000		40,542
REIT, 4.63%, 1/15/2033		47,000		46,287
REIT, 5.13%, 1/15/2034		14,000		14,219
REIT, 4.38%, 9/15/2048		7,000		6,147
REIT, 3.00%, 4/15/2050		23,000		16,067

				123,262

Insurance - 3.2%
Aflac, Inc. 3.60%, 4/1/2030		53,000		49,874
Allstate Corp. (The) 1.45%, 12/15/2030		10,000		8,049
5.25%, 3/30/2033		10,000		10,194
3.85%, 8/10/2049		26,000		20,753
American International Group, Inc. 5.13%, 3/27/2033		17,000		17,205
4.75%, 4/1/2048		50,000		47,235
Arch Capital Finance LLC 5.03%, 12/15/2046		10,000		9,397
Assurant, Inc. 2.65%, 1/15/2032		3,000		2,481
AXIS Specialty Finance LLC 4.90%, 1/15/2040(a)		17,000		14,599
Brighthouse Financial, Inc. 3.85%, 12/22/2051		5,000		3,373
Chubb INA Holdings, Inc. 3.35%, 5/3/2026		120,000		116,575
1.38%, 9/15/2030		20,000		16,482
4.35%, 11/3/2045		14,000		12,957
3.05%, 12/15/2061		10,000		6,948
Everest Reinsurance Holdings, Inc. 3.13%, 10/15/2052		35,000		23,513
Fidelity National Financial, Inc. 3.20%, 9/17/2051		14,000		9,013
Hanover Insurance Group, Inc. (The) 2.50%, 9/1/2030		10,000		8,312
Hartford Financial Services Group, Inc. (The) 4.40%, 3/15/2048		5,000		4,423


Investments	Principal Amount ($)		Value ($)
3.60%, 8/19/2049		33,000		25,653
2.90%, 9/15/2051		14,000		9,302
Lincoln National Corp. 3.05%, 1/15/2030		20,000		17,793
4.35%, 3/1/2048		8,000		6,399
4.38%, 6/15/2050		10,000		7,928
Manulife Financial Corp. 4.06%, 2/24/2032(a)		50,000		47,932
3.70%, 3/16/2032		27,000		25,022
MetLife, Inc. 4.55%, 3/23/2030		20,000		20,031
5.38%, 7/15/2033		15,000		15,505
10.75%, 8/1/2039		33,000		44,722
4.60%, 5/13/2046		56,000		52,899
5.00%, 7/15/2052		33,000		32,520
5.25%, 1/15/2054		14,000		14,261
PartnerRe Finance B LLC 4.50%, 10/1/2050(a)		5,000		4,462
Primerica, Inc. 2.80%, 11/19/2031		10,000		8,477
Principal Financial Group, Inc. 3.70%, 5/15/2029		33,000		31,135
2.13%, 6/15/2030		33,000		28,049
5.38%, 3/15/2033		10,000		10,279
5.50%, 3/15/2053		3,000		3,022
Prudential Financial, Inc. 1.50%, 3/10/2026		100,000		93,521
3.00%, 3/10/2040		3,000		2,325
4.50%, 9/15/2047(a)		50,000		46,920
3.91%, 12/7/2047		35,000		28,776
4.35%, 2/25/2050		33,000		28,977
3.70%, 3/13/2051		22,000		17,324
6.00%, 9/1/2052(a)		47,000		46,808
Prudential Funding Asia plc 3.13%, 4/14/2030		15,000		13,614
3.63%, 3/24/2032		10,000		9,059
RenaissanceRe Holdings Ltd. 5.75%, 6/5/2033		22,000		22,317
Travelers Cos., Inc. (The) 4.00%, 5/30/2047		55,000		47,482
4.05%, 3/7/2048		8,000		6,884
5.45%, 5/25/2053		17,000		18,095
Unum Group 4.00%, 6/15/2029		10,000		9,496
4.13%, 6/15/2051		24,000		18,180
W R Berkley Corp. 3.15%, 9/30/2061		20,000		12,433

				1,208,985

Interactive Media & Services - 1.6%
Alphabet, Inc. 0.80%, 8/15/2027		317,000		283,361
1.10%, 8/15/2030		10,000		8,279
1.90%, 8/15/2040		7,000		4,788
2.05%, 8/15/2050		60,000		36,501
Meta Platforms, Inc. 4.60%, 5/15/2028		180,000		181,849
4.80%, 5/15/2030		20,000		20,367


Investments	Principal Amount ($)		Value ($)
4.65%, 8/15/2062		40,000		36,671
5.75%, 5/15/2063		23,000		24,944

				596,760

IT Services - 2.4%
Amdocs Ltd. 2.54%, 6/15/2030		10,000		8,639
International Business Machines Corp. 4.00%, 7/27/2025		587,000		581,521
4.50%, 2/6/2026		180,000		179,581
1.95%, 5/15/2030		100,000		85,607
2.85%, 5/15/2040		72,000		53,888

				909,236

Leisure Products - 0.2%
Brunswick Corp. 4.40%, 9/15/2032		25,000		22,611
Hasbro, Inc.
3.90%, 11/19/2029		33,000		30,637
6.35%, 3/15/2040		10,000		10,514

				63,762

Machinery - 1.1%
CNH Industrial Capital LLC 4.55%, 4/10/2028		10,000		9,916
5.50%, 1/12/2029		35,000		35,994
Cummins, Inc. 1.50%, 9/1/2030		47,000		39,249
2.60%, 9/1/2050		10,000		6,497
Ingersoll Rand, Inc. 5.40%, 8/14/2028		38,000		38,977
Otis Worldwide Corp. 2.57%, 2/15/2030		40,000		35,411
Stanley Black & Decker, Inc. 3.40%, 3/1/2026		87,000		84,430
2.75%, 11/15/2050		22,000		13,260
4.00%, 3/15/2060(a)		96,000		83,693
Westinghouse Air Brake Technologies Corp. 4.70%, 9/15/2028(b)		22,000		21,790
Xylem, Inc. 1.95%, 1/30/2028		20,000		18,106
2.25%, 1/30/2031		17,000		14,539

				401,862

Marine Transportation - 0.0%(d)
Kirby Corp. 4.20%, 3/1/2028		20,000		19,456

Media - 2.0%
Comcast Corp. 2.65%, 2/1/2030		67,000		60,256
4.65%, 2/15/2033		67,000		66,869
4.00%, 3/1/2048		64,000		53,088
2.89%, 11/1/2051		387,000		256,207
2.99%, 11/1/2063		170,000		107,386
5.50%, 5/15/2064		3,000		3,094
Fox Corp.
4.71%, 1/25/2029		50,000		49,591
5.58%, 1/25/2049		45,000		43,205
Interpublic Group of Cos., Inc. (The) 3.38%, 3/1/2041		30,000		22,678


Investments	Principal Amount ($)		Value ($)
Paramount Global 4.95%, 1/15/2031		25,000		23,639
4.38%, 3/15/2043		30,000		21,729
4.95%, 5/19/2050		40,000		31,903

				739,645

Metals & Mining - 0.6%
Newmont Corp. 2.60%, 7/15/2032		10,000		8,421
5.88%, 4/1/2035		57,000		60,509
4.20%, 5/13/2050(c)		25,000		21,365
Nucor Corp. 4.30%, 5/23/2027		20,000		19,857
3.13%, 4/1/2032		33,000		29,484
4.40%, 5/1/2048		8,000		7,151
2.98%, 12/15/2055		14,000		9,371
Teck Resources Ltd. 3.90%, 7/15/2030		60,000		55,870
Yamana Gold, Inc. 2.63%, 8/15/2031		10,000		8,420

				220,448

Multi-Utilities - 1.2%
Consolidated Edison Co. of New York, Inc.
Series 20A, 3.35%, 4/1/2030		10,000		9,331
2.40%, 6/15/2031		50,000		42,945
5.20%, 3/1/2033		10,000		10,288
5.50%, 3/15/2034		50,000		52,187
Series E, 4.65%, 12/1/2048		22,000		19,756
6.15%, 11/15/2052		7,000		7,878
4.50%, 5/15/2058		67,000		58,407
3.60%, 6/15/2061		23,000		17,071
National Grid plc 5.60%, 6/12/2028		15,000		15,439
5.81%, 6/12/2033		15,000		15,614
Public Service Enterprise Group, Inc. 5.85%, 11/15/2027		63,000		65,583
1.60%, 8/15/2030		10,000		8,172
San Diego Gas & Electric Co.
Series VVV, 1.70%, 10/1/2030		10,000		8,267
2.95%, 8/15/2051		77,000		53,822
Sempra 5.50%, 8/1/2033		20,000		20,387
3.80%, 2/1/2038		26,000		22,108
4.00%, 2/1/2048		33,000		26,653

				453,908

Office REITs - 0.6%
Boston Properties LP
REIT, 3.25%, 1/30/2031		80,000		68,865
REIT, 2.45%, 10/1/2033		33,000		25,104
Highwoods Realty LP
REIT, 3.05%, 2/15/2030		30,000		25,400
Kilroy Realty LP
REIT, 4.38%, 10/1/2025		80,000		78,132
REIT, 6.25%, 1/15/2036		7,000		7,006


Investments	Principal Amount ($)		Value ($)
Piedmont Operating Partnership LP
REIT, 2.75%, 4/1/2032		7,000		4,897

				209,404

Oil, Gas & Consumable Fuels - 5.9%
BP Capital Markets America, Inc. 3.38%, 2/8/2061		10,000		7,060
Canadian Natural Resources Ltd. 2.95%, 7/15/2030		107,000		94,292
Cheniere Corpus Christi Holdings LLC 3.70%, 11/15/2029		17,000		16,008
2.74%, 12/31/2039		10,000		7,983
Cheniere Energy Partners LP 5.95%, 6/30/2033(c)		33,000		33,700
Cheniere Energy, Inc. 4.63%, 10/15/2028		14,000		13,545
Columbia Pipeline Group, Inc. 5.80%, 6/1/2045		10,000		10,024
Enbridge, Inc. 5.50%, 7/15/2077(a)		50,000		46,565
8.50%, 1/15/2084(a)		50,000		53,455
Enterprise Products Operating LLC 2.80%, 1/31/2030		20,000		18,039
5.35%, 1/31/2033		50,000		52,002
3.70%, 1/31/2051		120,000		94,377
EQT Corp. 7.00%, 2/1/2030(b)		10,000		10,722
Hess Corp. 6.00%, 1/15/2040		17,000		18,514
5.80%, 4/1/2047		20,000		21,476
Kinder Morgan Energy Partners LP 6.95%, 1/15/2038		50,000		55,305
5.40%, 9/1/2044		20,000		18,744
Kinder Morgan, Inc. 4.30%, 6/1/2025		237,000		234,244
2.00%, 2/15/2031		14,000		11,554
5.20%, 6/1/2033		50,000		49,605
5.55%, 6/1/2045		33,000		31,802
5.20%, 3/1/2048		27,000		24,670
3.60%, 2/15/2051		10,000		7,084
Marathon Petroleum Corp. 4.50%, 4/1/2048		48,000		40,588
MPLX LP 1.75%, 3/1/2026		50,000		46,847
2.65%, 8/15/2030		17,000		14,745
4.50%, 4/15/2038		82,000		73,796
5.20%, 12/1/2047		30,000		27,224
5.50%, 2/15/2049		30,000		28,886
Occidental Petroleum Corp. 6.45%, 9/15/2036		40,000		42,670
Zero Coupon, 10/10/2036		50,000		26,424
ONEOK, Inc. 6.10%, 11/15/2032		25,000		26,312
6.05%, 9/1/2033		30,000		31,500
5.20%, 7/15/2048		20,000		18,458
4.50%, 3/15/2050		60,000		49,502
Pioneer Natural Resources Co. 2.15%, 1/15/2031		46,000		39,185


Investments	Principal Amount ($)		Value ($)
Plains All American Pipeline LP
4.50%, 12/15/2026		100,000		99,070
3.80%, 9/15/2030		35,000		32,332
Sabine Pass Liquefaction LLC
4.50%, 5/15/2030		17,000		16,595
5.90%, 9/15/2037		20,000		20,969
TC PipeLines LP
3.90%, 5/25/2027		20,000		19,189
TotalEnergies Capital International SA
2.83%, 1/10/2030		50,000		45,894
3.13%, 5/29/2050		74,000		53,335
TransCanada PipeLines Ltd.
4.75%, 5/15/2038		20,000		18,691
Transcanada Trust
5.60%, 3/7/2082(a)		177,000		155,388
Transcontinental Gas Pipe Line Co. LLC
3.25%, 5/15/2030		33,000		30,106
4.60%, 3/15/2048		10,000		8,995
Valero Energy Corp.
4.00%, 4/1/2029		30,000		29,017
2.80%, 12/1/2031		50,000		42,994
4.00%, 6/1/2052		10,000		7,820
Western Midstream Operating LP
5.30%, 3/1/2048		33,000		28,931
5.50%, 8/15/2048		10,000		8,854
5.25%, 2/1/2050(b)		7,000		6,256
Williams Cos., Inc. (The)
5.65%, 3/15/2033		73,000		75,780
5.15%, 3/15/2034		15,000		15,038
5.75%, 6/24/2044		33,000		33,501
5.10%, 9/15/2045		37,000		35,218
4.85%, 3/1/2048		29,000		26,380
5.30%, 8/15/2052		14,000		13,607

				2,220,867

Paper & Forest Products - 0.2%
Suzano Austria GmbH
3.75%, 1/15/2031		20,000		17,441
Series DM3N, 3.13%, 1/15/2032		50,000		41,250

				58,691

Personal Care Products - 0.4%
Estee Lauder Cos., Inc. (The)
3.15%, 3/15/2027		100,000		95,860
4.38%, 5/15/2028		20,000		19,962
2.60%, 4/15/2030		10,000		8,878
1.95%, 3/15/2031		33,000		27,592
5.15%, 5/15/2053		5,000		5,009
Kenvue, Inc.
4.90%, 3/22/2033		10,000		10,201

				167,502

Pharmaceuticals - 5.0%
AstraZeneca Finance LLC
4.88%, 3/3/2033		33,000		33,914
AstraZeneca plc
4.00%, 9/18/2042		30,000		26,652
4.38%, 11/16/2045		50,000		46,208
3.00%, 5/28/2051		14,000		10,146


Investments	Principal Amount ($)		Value ($)
Bristol-Myers Squibb Co.
3.55%, 3/15/2042		65,000		52,810
5.00%, 8/15/2045		53,000		52,118
3.90%, 3/15/2062		91,000		69,814
6.40%, 11/15/2063		3,000		3,448
GlaxoSmithKline Capital plc
3.38%, 6/1/2029		33,000		31,620
GlaxoSmithKline Capital, Inc.
6.38%, 5/15/2038		37,000		43,002
Johnson & Johnson
3.63%, 3/3/2037		180,000		163,742
2.10%, 9/1/2040		10,000		7,056
3.70%, 3/1/2046		50,000		42,674
2.25%, 9/1/2050		20,000		12,774
2.45%, 9/1/2060		7,000		4,268
Merck & Co., Inc.
4.05%, 5/17/2028		133,000		132,383
3.40%, 3/7/2029		50,000		47,764
2.35%, 6/24/2040		133,000		95,368
4.90%, 5/17/2044		35,000		34,975
2.75%, 12/10/2051		48,000		32,219
Mylan, Inc.
5.20%, 4/15/2048		37,000		30,974
Novartis Capital Corp.
2.00%, 2/14/2027		50,000		46,933
2.20%, 8/14/2030		35,000		30,814
2.75%, 8/14/2050		65,000		45,223
Pfizer Investment Enterprises Pte. Ltd.
4.45%, 5/19/2028		124,000		123,741
5.34%, 5/19/2063		112,000		111,907
Pfizer, Inc.
0.80%, 5/28/2025		50,000		47,492
3.45%, 3/15/2029		50,000		47,844
1.75%, 8/18/2031		33,000		27,185
4.10%, 9/15/2038		275,000		252,141
7.20%, 3/15/2039		57,000		70,352
2.55%, 5/28/2040		33,000		23,922
2.70%, 5/28/2050		33,000		22,604
Sanofi SA
3.63%, 6/19/2028		15,000		14,692
Viatris, Inc.
3.85%, 6/22/2040		10,000		7,569
4.00%, 6/22/2050		23,000		16,277

				1,862,625

Professional Services - 0.4%
Equifax, Inc.
3.10%, 5/15/2030		37,000		33,284
Verisk Analytics, Inc.
4.13%, 3/15/2029		50,000		48,753
3.63%, 5/15/2050		90,000		67,123

				149,160

Real Estate Management & Development - 0.1%
CBRE Services, Inc.
2.50%, 4/1/2031		20,000		16,742
5.95%, 8/15/2034		8,000		8,277

				25,019


Investments	Principal Amount ($)		Value ($)
Residential REITs - 0.7%
AvalonBay Communities, Inc.
REIT, 2.95%, 5/11/2026		100,000		96,159
REIT, 1.90%, 12/1/2028		40,000		35,299
REIT, 5.00%, 2/15/2033		14,000		14,154
REIT, 4.35%, 4/15/2048		10,000		8,576
ERP Operating LP
REIT, 4.15%, 12/1/2028		30,000		29,397
REIT, 3.00%, 7/1/2029		67,000		61,676
REIT, 1.85%, 8/1/2031		8,000		6,586
Essex Portfolio LP
REIT, 1.65%, 1/15/2031		20,000		15,895
UDR, Inc.
REIT, 4.40%, 1/26/2029		7,000		6,775

				274,517

Retail REITs - 0.7%
Brixmor Operating Partnership LP
REIT, 3.90%, 3/15/2027		33,000		31,706
REIT, 2.25%, 4/1/2028		30,000		26,906
REIT, 2.50%, 8/16/2031		7,000		5,839
REIT, 5.50%, 2/15/2034		7,000		7,023
Federal Realty OP LP
REIT, 1.25%, 2/15/2026		67,000		62,041
REIT, 3.50%, 6/1/2030		10,000		9,152
Kimco Realty OP LLC
REIT, 6.40%, 3/1/2034		60,000		64,915
Regency Centers LP
REIT, 4.13%, 3/15/2028		15,000		14,452
REIT, 3.70%, 6/15/2030		26,000		24,176

				246,210

Semiconductors & Semiconductor Equipment - 2.7%
Intel Corp. 3.75%, 3/25/2027		100,000		98,007
2.00%, 8/12/2031		47,000		39,215
5.63%, 2/10/2043		54,000		57,242
3.73%, 12/8/2047		47,000		37,673
4.75%, 3/25/2050		197,000		182,504
3.05%, 8/12/2051		35,000		24,212
4.95%, 3/25/2060		48,000		46,243
QUALCOMM, Inc. 3.45%, 5/20/2025		50,000		49,162
TSMC Arizona Corp. 1.75%, 10/25/2026		200,000		184,852
3.88%, 4/22/2027		280,000		273,833

				992,943

Software - 3.4%
Adobe, Inc. 2.30%, 2/1/2030		33,000		29,512
Autodesk, Inc. 2.85%, 1/15/2030		20,000		18,103
Microsoft Corp. 2.40%, 8/8/2026		60,000		57,215
3.30%, 2/6/2027		263,000		256,634
3.45%, 8/8/2036		33,000		30,099
4.50%, 6/15/2047(c)		15,000		14,527
2.53%, 6/1/2050		180,000		120,122
2.92%, 3/17/2052		40,000		28,711


Investments	Principal Amount ($)		Value ($)
2.68%, 6/1/2060		113,000		74,444
3.04%, 3/17/2062		55,000		38,686
Oracle Corp. 3.60%, 4/1/2040		140,000		111,961
5.55%, 2/6/2053		120,000		119,251
4.10%, 3/25/2061		115,000		87,664
Salesforce, Inc. 1.50%, 7/15/2028		50,000		44,533
2.90%, 7/15/2051		54,000		37,429
VMware LLC 1.40%, 8/15/2026		100,000		91,532
2.20%, 8/15/2031		100,000		82,582
Workday, Inc. 3.70%, 4/1/2029		30,000		28,586

				1,271,591

Specialized REITs - 1.0%
Equinix, Inc.
REIT, 3.20%, 11/18/2029		70,000		64,003
REIT, 3.90%, 4/15/2032		150,000		138,813
REIT, 3.40%, 2/15/2052		26,000		18,792
Public Storage Operating Co.
REIT, 5.13%, 1/15/2029		60,000		61,554
REIT, 5.10%, 8/1/2033		20,000		20,382
Weyerhaeuser Co.
REIT, 4.00%, 4/15/2030		30,000		28,601
REIT, 3.38%, 3/9/2033		30,000		26,422

				358,567

Specialty Retail - 1.9%
Advance Auto Parts, Inc. 5.95%, 3/9/2028		15,000		14,974
3.90%, 4/15/2030		5,000		4,468
Dick’s Sporting Goods, Inc. 3.15%, 1/15/2032		5,000		4,251
4.10%, 1/15/2052		10,000		7,242
Home Depot, Inc. (The) 3.30%, 4/15/2040		100,000		82,117
4.50%, 12/6/2048		20,000		18,492
4.95%, 9/15/2052		135,000		133,266
Lowe’s Cos., Inc. 2.50%, 4/15/2026		33,000		31,484
3.65%, 4/5/2029		50,000		48,025
2.63%, 4/1/2031		50,000		43,489
5.00%, 4/15/2033		77,000		78,033
5.15%, 7/1/2033		25,000		25,541
5.50%, 10/15/2035		33,000		34,995
2.80%, 9/15/2041		138,000		101,103
3.00%, 10/15/2050		33,000		22,470
4.45%, 4/1/2062		26,000		21,807
5.85%, 4/1/2063		14,000		14,748
Tractor Supply Co. 5.25%, 5/15/2033		10,000		10,164

				696,669

Technology Hardware, Storage & Peripherals - 2.6%
Apple, Inc. 3.25%, 2/23/2026		84,000		82,045
2.38%, 2/8/2041		130,000		94,750
4.45%, 5/6/2044		114,000		110,161


Investments	Principal Amount ($)		Value ($)
4.65%, 2/23/2046		208,000		204,258
4.85%, 5/10/2053		100,000		100,992
4.10%, 8/8/2062		47,000		40,897
Dell International LLC
8.10%, 7/15/2036		110,000		135,597
3.38%, 12/15/2041		30,000		22,778
HP, Inc.
2.65%, 6/17/2031		19,000		16,111
5.50%, 1/15/2033		100,000		102,144
6.00%, 9/15/2041		53,000		55,698

				965,431

Textiles, Apparel & Luxury Goods - 0.4%
NIKE, Inc.
2.85%, 3/27/2030		20,000		18,317
3.25%, 3/27/2040		40,000		32,889
PVH Corp.
4.63%, 7/10/2025		20,000		19,823
Ralph Lauren Corp.
2.95%, 6/15/2030		14,000		12,698
Tapestry, Inc.
7.70%, 11/27/2030		35,000		37,096
VF Corp.
2.80%, 4/23/2027		15,000		13,848
2.95%, 4/23/2030		26,000		21,821

				156,492

Water Utilities - 0.4%
American Water Capital Corp.
2.80%, 5/1/2030		30,000		26,958
2.30%, 6/1/2031		100,000		84,838
4.20%, 9/1/2048		5,000		4,368
Essential Utilities, Inc.
2.70%, 4/15/2030		48,000		42,118
5.30%, 5/1/2052		10,000		9,575

				167,857

Wireless Telecommunication Services - 0.4%
Vodafone Group plc
5.00%, 5/30/2038		3,000		3,002
5.25%, 5/30/2048		40,000		38,519
5.63%, 2/10/2053		96,000		96,711

				138,232

TOTAL CORPORATE BONDS (COST $36,328,560)				35,304,227

Total Investments - 94.6% (Cost $36,328,560)				35,304,227
Other assets less liabilities - 5.4%				2,027,638

Net Assets - 100.0%				37,331,865

(a)	Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(b)	Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2024.


Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 91.1%

Aerospace & Defense - 2.7%
Boeing Co. (The)
1.95%, 2/1/2024		900,000		900,000
1.43%, 2/4/2024		3,000,000		2,998,836
General Dynamics Corp.
2.38%, 11/15/2024		9,000,000		8,803,325
L3Harris Technologies, Inc.
3.95%, 5/28/2024		4,065,000		4,044,121
Northrop Grumman Corp.
2.93%, 1/15/2025		5,673,000		5,560,802
RTX Corp.
3.20%, 3/15/2024		8,205,000		8,175,674
3.15%, 12/15/2024		97,000		95,181

				30,577,939

Automobiles - 2.7%
BMW US Capital LLC
(United States SOFR Compounded Index + 0.53%), 5.87%, 4/1/2024(a)(b)		900,000		900,468
Hyundai Capital America
0.88%, 6/14/2024(b)		1,000,000		982,015
(SOFR + 1.50%), 6.83%, 1/8/2027(a)(b)		9,000,000		9,053,316
Kia Corp.
2.38%, 2/14/2025(b)		730,000		708,786
Mercedes-Benz Finance North America LLC
0.75%, 3/1/2024(b)		2,350,000		2,340,664
(SOFR + 0.93%), 6.27%, 3/30/2025(a)(b)		5,000,000		5,035,500
(SOFR + 0.57%), 5.95%, 8/1/2025(a)(b)		7,000,000		7,024,850
Nissan Motor Acceptance Co. LLC
1.13%, 9/16/2024(b)		900,000		873,164
Volkswagen Group of America Finance LLC
(SOFR + 0.95%), 6.30%, 6/7/2024(a)(b)		2,690,000		2,692,963

				29,611,726

Banks - 23.5%
ANZ New Zealand Int’l Ltd.
(SOFR + 0.60%), 5.98%, 2/18/2025(a)(b)		1,450,000		1,451,069
Australia & New Zealand Banking Group Ltd.
5.38%, 7/3/2025		4,290,000		4,324,754
(SOFR + 0.64%), 5.98%, 10/3/2025(a)(b)		500,000		501,133
5.09%, 12/8/2025		1,505,000		1,515,445


Investments	Principal Amount ($)		Value ($)
Banco Santander SA
(SOFR + 1.24%), 6.60%, 5/24/2024(a)		5,800,000		5,815,919
5.15%, 8/18/2025		1,400,000		1,393,697
Bank of America Corp.
Series 2025, (SOFR + 0.66%), 6.04%, 2/4/2025(a)		2,000,000		2,000,016
(SOFR + 1.10%), 6.41%, 4/25/2025(a)		5,000,000		5,007,165
Bank of America NA
(SOFR + 0.78%), 6.16%, 8/18/2025(a)		3,850,000		3,860,971
Bank of Montreal
2.50%, 6/28/2024		1,500,000		1,481,909
Series H, 4.25%, 9/14/2024		4,500,000		4,463,681
(United States SOFR Compounded Index + 0.95%), 6.30%, 9/25/2025(a)		5,700,000		5,725,204
(United States SOFR Compounded Index + 0.62%), 5.97%, 9/15/2026(a)		3,300,000		3,272,774
Bank of New Zealand
(SOFR + 0.81%), 6.13%, 1/27/2027(a)(b)		4,000,000		3,995,994
Bank of Nova Scotia (The)
(SOFR + 0.46%), 5.79%, 1/10/2025(a)		4,355,000		4,351,584
(United States SOFR Compounded Index + 0.90%), 6.23%, 4/11/2025(a)		2,286,000		2,293,208
(United States SOFR Compounded Index + 0.55%), 5.91%, 3/2/2026(a)		5,000,000		4,969,543
(SOFR + 0.61%), 5.96%, 9/15/2026(a)		1,780,000		1,763,174
Banque Federative du Credit Mutuel SA
0.65%, 2/27/2024(b)		5,000,000		4,983,217
(SOFR + 1.13%), 6.46%, 1/23/2027(a)(b)		2,940,000		2,957,828
BNP Paribas SA
4.25%, 10/15/2024		1,000,000		990,100
Canadian Imperial Bank of Commerce
3.10%, 4/2/2024		3,225,000		3,211,575
(SOFR + 0.94%), 6.28%, 4/7/2025(a)		7,674,000		7,727,880


Investments	Principal Amount ($)		Value ($)
Citibank NA
(United States SOFR Compounded Index + 1.06%), 6.43%, 12/4/2026(a)		3,000,000		3,024,840
Citigroup, Inc.
(SOFR + 0.69%), 6.01%, 10/30/2024(a)		3,500,000		3,505,436
(SOFR + 0.67%), 6.05%, 5/1/2025(a)		900,000		899,469
(SOFR + 1.37%), 6.75%, 5/24/2025(a)		1,300,000		1,303,198
(SOFR + 0.69%), 6.01%, 1/25/2026(a)		2,400,000		2,394,960
Commonwealth Bank of Australia
(SOFR + 0.74%), 6.09%, 3/14/2025(a)(b)		5,000,000		5,016,315
(SOFR + 0.40%), 5.74%, 7/7/2025(a)(b)		1,800,000		1,796,060
(SOFR + 0.52%), 5.87%, 6/15/2026(a)(b)		1,900,000		1,896,390
Cooperatieve Rabobank UA
(United States SOFR Compounded Index + 0.38%), 5.71%, 1/10/2025(a)		1,600,000		1,599,043
(United States SOFR Compounded Index + 0.90%), 6.23%, 10/5/2026(a)		5,000,000		5,013,191
Credit Agricole SA
3.25%, 10/4/2024(b)		3,000,000		2,955,005
Danske Bank A/S
6.47%, 1/9/2026(b)(c)		1,280,000		1,290,092
Fifth Third Bank NA
5.85%, 10/27/2025(c)		8,500,000		8,510,933
HSBC Holdings plc
(SOFR + 1.43%), 6.78%, 3/10/2026(a)		7,000,000		7,039,620
ING Groep NV
(United States SOFR Compounded Index + 1.01%), 6.34%, 4/1/2027(a)		5,582,000		5,553,261
JPMorgan Chase & Co.
0.77%, 8/9/2025(c)		1,000,000		974,298
(SOFR + 0.60%), 5.96%, 12/10/2025(a)		1,000,000		999,470
(SOFR + 0.92%), 6.29%, 2/24/2026(a)		7,000,000		7,014,280
(SOFR + 0.77%), 6.11%, 9/22/2027(a)		2,500,000		2,487,950


Investments	Principal Amount ($)		Value ($)
KeyBank NA
(United States SOFR Compounded Index + 0.32%), 5.67%, 6/14/2024(a)		2,000,000		1,987,188
Lloyds Banking Group plc
3.90%, 3/12/2024		1,000,000		997,995
4.72%, 8/11/2026(c)		2,300,000		2,276,703
Mitsubishi UFJ Financial Group, Inc.
4.79%, 7/18/2025(c)		2,000,000		1,991,533
(SOFR + 0.94%), 6.31%, 2/20/2026(a)		5,000,000		5,006,088
(SOFR + 1.44%), 6.76%, 4/17/2026(a)		2,500,000		2,515,579
Morgan Stanley Bank NA
5.48%, 7/16/2025		3,000,000		3,031,053
National Australia Bank Ltd.
(SOFR + 0.86%), 6.22%, 6/9/2025(a)(b)		5,200,000		5,223,885
(SOFR + 0.65%), 5.97%, 1/12/2027(a)(b)		4,000,000		3,996,908
National Bank of Canada
0.75%, 8/6/2024		900,000		877,567
NatWest Markets plc
(SOFR + 0.53%), 5.91%, 8/12/2024(a)(b)		600,000		599,784
Nordea Bank Abp
(SOFR + 0.96%), 6.31%, 6/6/2025(a)(b)		2,000,000		2,011,931
Royal Bank of Canada
3.97%, 7/26/2024		5,000,000		4,965,539
(United States SOFR Compounded Index + 0.44%), 5.77%, 1/21/2025(a)		3,000,000		3,001,041
4.95%, 4/25/2025		3,000,000		3,004,482
(United States SOFR Compounded Index + 0.53%), 5.85%, 1/20/2026(a)		2,750,000		2,738,970
(United States SOFR Compounded Index + 0.57%), 5.89%, 4/27/2026(a)		2,000,000		1,987,953
Skandinaviska Enskilda Banken AB
0.65%, 9/9/2024(b)		500,000		485,785
(SOFR + 0.96%), 6.32%, 6/9/2025(a)(b)		1,000,000		1,004,726
Societe Generale SA
3.88%, 3/28/2024(b)		1,665,000		1,659,722
2.63%, 10/16/2024(b)		1,000,000		978,478
Standard Chartered plc
6.17%, 1/9/2027(b)(c)		2,100,000		2,134,307
Sumitomo Mitsui Financial Group, Inc.
2.70%, 7/16/2024		7,000,000		6,911,718


Investments	Principal Amount ($)		Value ($)
(SOFR + 0.88%), 6.20%, 1/14/2027(a)		1,480,000		1,477,266
Sumitomo Mitsui Trust Bank Ltd.
0.85%, 3/25/2024(b)		400,000		397,319
Svenska Handelsbanken AB
(SOFR + 0.91%), 6.27%, 6/10/2025(a)(b)		7,000,000		7,029,410
Swedbank AB
(United States SOFR Compounded Index + 1.38%), 6.73%, 6/15/2026(a)(b)		5,160,000		5,239,366
Toronto-Dominion Bank (The)
2.65%, 6/12/2024		2,000,000		1,979,979
4.29%, 9/13/2024		3,000,000		2,979,962
(SOFR + 0.41%), 5.74%, 1/10/2025(a)		2,777,000		2,776,802
(SOFR + 1.02%), 6.37%, 6/6/2025(a)		3,000,000		3,016,370
(SOFR + 0.59%), 5.95%, 9/10/2026(a)		2,000,000		1,985,960
Truist Financial Corp.
(SOFR + 0.40%), 5.76%, 6/9/2025(a)		3,750,000		3,718,637
US Bancorp
2.40%, 7/30/2024		2,913,000		2,869,768
Wells Fargo & Co.
(SOFR + 1.32%), 6.63%, 4/25/2026(a)		5,600,000		5,634,461
Wells Fargo Bank NA
5.55%, 8/1/2025		1,250,000		1,263,093
(SOFR + 0.80%), 6.18%, 8/1/2025(a)		3,125,000		3,134,914
(SOFR + 0.71%), 6.04%, 1/15/2026(a)		1,475,000		1,475,959
Westpac Banking Corp.
3.30%, 2/26/2024		2,200,000		2,196,649
5.35%, 10/18/2024		3,000,000		3,003,054
(SOFR + 0.30%), 5.68%, 11/18/2024(a)		2,500,000		2,500,195
(SOFR + 1.00%), 6.37%, 8/26/2025(a)		5,000,000		5,033,900
(SOFR + 0.72%), 6.09%, 11/17/2025(a)		2,350,000		2,356,893
(SOFR + 0.52%), 5.89%, 6/3/2026(a)		2,568,000		2,560,690

				263,351,233

Beverages - 1.7%
Constellation Brands, Inc.
3.60%, 5/9/2024		2,656,000		2,642,511
Diageo Capital plc
2.13%, 10/24/2024		7,000,000		6,843,616
Keurig Dr Pepper, Inc.
0.75%, 3/15/2024		3,500,000		3,480,054


Investments	Principal Amount ($)		Value ($)
PepsiCo, Inc.
(United States SOFR Compounded Index + 0.40%), 5.77%, 11/12/2024(a)		3,330,000		3,335,859
(United States SOFR Compounded Index + 0.40%), 5.78%, 2/13/2026(a)		3,000,000		3,004,203

				19,306,243

Biotechnology - 2.0%
AbbVie, Inc.
2.60%, 11/21/2024		8,638,000		8,457,507
Amgen, Inc.
3.63%, 5/22/2024		8,000,000		7,952,516
Gilead Sciences, Inc.
3.70%, 4/1/2024		6,260,000		6,239,753

				22,649,776

Broadline Retail - 0.7%
eBay, Inc.
3.45%, 8/1/2024		8,100,000		8,016,497

Building Products - 1.2%
Carlisle Cos., Inc.
3.50%, 12/1/2024		3,608,000		3,545,125
Carrier Global Corp.
5.80%, 11/30/2025(b)		1,290,000		1,308,548
Johnson Controls International plc
3.62%, 7/2/2024(d)		8,526,000		8,448,623

				13,302,296

Capital Markets - 6.3%
Bank of New York Mellon Corp. (The)
Series 0012, 3.65%, 2/4/2024		3,000,000		2,999,593
2.10%, 10/24/2024		3,000,000		2,934,686
Series J, (SOFR + 0.20%), 5.51%, 10/25/2024(a)		2,800,000		2,793,976
Blackstone Private Credit Fund
2.70%, 1/15/2025		800,000		776,485
Charles Schwab Corp. (The)
(United States SOFR Compounded Index + 0.50%), 5.85%, 3/18/2024(a)		1,390,000		1,389,737
(United States SOFR Compounded Index + 0.52%), 5.90%, 5/13/2026(a)		1,000,000		992,651
(United States SOFR Compounded Index + 1.05%), 6.42%, 3/3/2027(a)		7,000,000		6,949,563
Credit Suisse AG
3.63%, 9/9/2024		1,500,000		1,481,625
7.95%, 1/9/2025		720,000		736,726


Investments	Principal Amount ($)		Value ($)
Deutsche Bank AG
0.90%, 5/28/2024		1,100,000		1,083,441
FS KKR Capital Corp.
1.65%, 10/12/2024		980,000		952,283
Goldman Sachs Group, Inc. (The)
3.00%, 3/15/2024		2,500,000		2,492,355
3.85%, 7/8/2024		1,000,000		992,753
(SOFR + 0.51%), 5.87%, 9/10/2024(a)		2,600,000		2,598,092
5.70%, 11/1/2024		3,000,000		3,008,604
3.50%, 4/1/2025		1,500,000		1,471,627
Macquarie Group Ltd.
6.21%, 11/22/2024(b)		2,700,000		2,715,281
(SOFR + 0.71%), 6.04%, 10/14/2025(a)(b)		5,000,000		4,975,928
Morgan Stanley
(SOFR + 1.17%), 6.49%, 4/17/2025(a)		1,500,000		1,501,943
1.16%, 10/21/2025(c)		500,000		482,932
(SOFR + 0.95%), 6.32%, 2/18/2026(a)		7,000,000		7,019,579
Nasdaq, Inc.
5.65%, 6/28/2025		2,500,000		2,523,464
State Street Corp.
(United States SOFR Compounded Index + 0.85%), 6.23%, 8/3/2026(a)		10,000,000		9,996,872
UBS AG
0.70%, 8/9/2024(b)		200,000		195,012
UBS Group AG
(SOFR + 1.58%), 6.96%, 5/12/2026(a)(b)		6,000,000		6,034,194
6.37%, 7/15/2026(b)(c)		1,900,000		1,921,327

				71,020,729

Chemicals - 2.3%
LyondellBasell Industries NV
5.75%, 4/15/2024		10,000,000		10,000,908
Nutrien Ltd.
5.90%, 11/7/2024		6,965,000		6,979,233
5.95%, 11/7/2025		1,020,000		1,036,999
Sherwin-Williams Co. (The)
4.05%, 8/8/2024		7,400,000		7,348,544
Westlake Corp.
0.88%, 8/15/2024		300,000		292,484

				25,658,168

Commercial Services & Supplies - 1.5%
Element Fleet Management Corp.
1.60%, 4/6/2024(b)		5,500,000		5,455,141
6.27%, 6/26/2026(b)		2,820,000		2,870,969
Republic Services, Inc.
2.50%, 8/15/2024		8,000,000		7,876,887

				16,202,997


Investments	Principal Amount ($)		Value ($)
Consumer Finance - 5.4%
AerCap Ireland Capital DAC
2.88%, 8/14/2024		2,000,000		1,969,060
1.65%, 10/29/2024		4,750,000		4,612,497
American Express Co.
(United States SOFR Compounded Index + 0.72%), 6.10%, 5/3/2024(a)		3,000,000		3,002,477
2.50%, 7/30/2024		2,000,000		1,971,993
(SOFR + 0.93%), 6.30%, 3/4/2025(a)		1,914,000		1,925,790
American Honda Finance Corp.
0.55%, 7/12/2024		2,000,000		1,956,614
0.75%, 8/9/2024		2,000,000		1,953,346
2.15%, 9/10/2024		3,764,000		3,691,010
(United States SOFR Compounded Index + 0.79%), 6.13%, 10/3/2025(a)		2,100,000		2,108,358
Capital One Financial Corp.
(SOFR + 1.35%), 6.72%, 5/9/2025(a)		2,000,000		2,001,624
Caterpillar Financial Services Corp.
(SOFR + 0.52%), 5.87%, 6/13/2025(a)		5,000,000		5,012,550
Ford Motor Credit Co. LLC
4.06%, 11/1/2024		2,019,000		1,992,791
(SOFR + 2.95%), 8.30%, 3/6/2026(a)		2,500,000		2,564,769
General Motors Financial Co., Inc.
(SOFR + 0.76%), 6.11%, 3/8/2024(a)		800,000		800,216
1.20%, 10/15/2024		1,500,000		1,455,692
3.50%, 11/7/2024		2,600,000		2,561,170
(United States SOFR Compounded Index + 1.30%), 6.64%, 4/7/2025(a)		1,906,000		1,910,294
John Deere Capital Corp.
(SOFR + 0.20%), 5.53%, 10/11/2024(a)		2,500,000		2,499,404
(SOFR + 0.56%), 5.91%, 3/7/2025(a)		1,720,000		1,723,999
(United States SOFR Compounded Index + 0.79%), 6.14%, 6/8/2026(a)		1,300,000		1,308,042
Synchrony Financial
4.88%, 6/13/2025		1,493,000		1,472,167
Toyota Motor Credit Corp.
(SOFR + 0.32%), 5.65%, 1/13/2025(a)		7,000,000		6,991,949
(SOFR + 0.65%), 6.01%, 9/11/2025(a)		5,000,000		5,012,234

				60,498,046


Investments	Principal Amount ($)		Value ($)
Consumer Staples Distribution & Retail - 1.8%
7-Eleven, Inc.
0.80%, 2/10/2024(b)		6,000,000		5,989,816
Dollar General Corp.
4.25%, 9/20/2024		8,199,000		8,131,648
Kroger Co. (The)
4.00%, 2/1/2024		6,200,000		6,200,000

				20,321,464

Containers & Packaging - 1.1%
Avery Dennison Corp.
0.85%, 8/15/2024		8,190,000		7,978,392
Graphic Packaging International LLC
0.82%, 4/15/2024(b)		4,000,000		3,956,015

				11,934,407

Diversified REITs - 0.9%
Simon Property Group LP
REIT, 3.75%, 2/1/2024		9,774,000		9,774,000

Diversified Telecommunication Services - 2.1%
AT&T, Inc.
0.90%, 3/25/2024		7,571,000		7,519,136
(CME Term SOFR 3 Month + 1.44%), 6.81%, 6/12/2024(a)		3,550,000		3,560,406
Bell Canada (The)
Series US-3, 0.75%, 3/17/2024		5,050,000		5,019,708
Verizon Communications, Inc.
0.75%, 3/22/2024		5,112,000		5,078,029
(United States SOFR Compounded Index + 0.79%), 6.13%, 3/20/2026(a)		2,790,000		2,802,388

				23,979,667

Electric Utilities - 1.6%
Eversource Energy
4.20%, 6/27/2024		5,924,000		5,887,895
Mississippi Power Co.
Series A, (SOFR + 0.30%), 5.64%, 6/28/2024(a)		950,000		949,153
NextEra Energy Capital Holdings, Inc.
2.94%, 3/21/2024		2,000,000		1,993,975
4.20%, 6/20/2024		3,000,000		2,983,679
(United States SOFR Compounded Index + 0.76%), 6.07%, 1/29/2026(a)		4,000,000		4,004,360
Southern Co. (The)
Series 21-A, 0.60%, 2/26/2024		1,840,000		1,833,696

				17,652,758

Electronic Equipment, Instruments & Components - 0.1%
Tyco Electronics Group SA
3.45%, 8/1/2024		1,347,000		1,332,010


Investments	Principal Amount ($)		Value ($)
Entertainment - 1.1%
Netflix, Inc.
5.88%, 2/15/2025		502,000		505,614
3.63%, 6/15/2025(b)		5,000,000		4,905,313
Take-Two Interactive Software, Inc.
3.30%, 3/28/2024		6,939,000		6,912,398
3.55%, 4/14/2025		240,000		235,421

				12,558,746

Financial Services - 1.9%
Corebridge Financial, Inc.
3.50%, 4/4/2025		2,300,000		2,250,387
Fidelity National Information Services, Inc.
0.60%, 3/1/2024		4,110,000		4,092,629
Fiserv, Inc.
2.75%, 7/1/2024		2,649,000		2,617,555
Global Payments, Inc.
1.50%, 11/15/2024		240,000		232,534
JPMorgan Chase Bank NA
(SOFR + 0.62%), 5.94%, 4/29/2026(a)		6,500,000		6,500,653
(SOFR + 1.00%), 6.35%, 12/8/2026(a)		2,000,000		2,017,520
NTT Finance Corp.
0.58%, 3/1/2024(b)		2,650,000		2,638,741
PayPal Holdings, Inc.
2.40%, 10/1/2024		1,080,000		1,059,025

				21,409,044

Food Products - 2.9%
General Mills, Inc.
3.65%, 2/15/2024		6,000,000		5,994,961
Hormel Foods Corp.
0.65%, 6/3/2024		4,620,000		4,545,033
J M Smucker Co. (The)
3.50%, 3/15/2025		2,700,000		2,653,134
McCormick & Co., Inc.
3.15%, 8/15/2024		5,000,000		4,933,241
0.90%, 2/15/2026		620,000		572,316
Mondelez International, Inc.
2.13%, 3/17/2024		5,400,000		5,375,051
Tyson Foods, Inc.
3.95%, 8/15/2024		8,250,000		8,176,516

				32,250,252

Ground Transportation - 2.3%
Burlington Northern Santa Fe LLC
3.75%, 4/1/2024		5,000,000		4,986,308
Canadian Pacific Railway Co.
1.35%, 12/2/2024		7,410,000		7,166,253
CSX Corp.
3.40%, 8/1/2024		6,628,000		6,558,837
Ryder System, Inc.
3.65%, 3/18/2024		7,000,000		6,983,176

				25,694,574

Health Care Equipment & Supplies - 3.3%
Baxter International, Inc.
1.32%, 11/29/2024		8,000,000		7,732,244


Investments	Principal Amount ($)		Value ($)
(United States SOFR Compounded Index + 0.44%), 5.80%, 11/29/2024(a)		1,435,000		1,433,370
Becton Dickinson & Co.
3.36%, 6/6/2024		6,800,000		6,744,773
Boston Scientific Corp.
3.45%, 3/1/2024		6,127,000		6,117,218
GE HealthCare Technologies, Inc.
5.55%, 11/15/2024		7,000,000		7,004,283
Zimmer Biomet Holdings, Inc.
1.45%, 11/22/2024		8,350,000		8,084,458

				37,116,346

Health Care Providers & Services - 2.9%
Aetna, Inc.
3.50%, 11/15/2024		830,000		818,095
Cigna Group (The)
0.61%, 3/15/2024		2,400,000		2,386,143
3.50%, 6/15/2024		5,078,000		5,038,704
Elevance Health, Inc.
3.50%, 8/15/2024		5,100,000		5,043,715
3.35%, 12/1/2024		2,485,000		2,444,612
HCA, Inc.
5.00%, 3/15/2024		400,000		399,598
Humana, Inc.
3.85%, 10/1/2024		5,000,000		4,944,532
Laboratory Corp. of America Holdings
3.25%, 9/1/2024		5,000,000		4,930,571
McKesson Corp.
3.80%, 3/15/2024		5,000,000		4,989,188
UnitedHealth Group, Inc.
0.55%, 5/15/2024		1,580,000		1,558,610

				32,553,768

Hotels, Restaurants & Leisure - 0.2%
Starbucks Corp.
(United States SOFR Compounded Index + 0.42%), 5.80%, 2/14/2024(a)		2,370,000		2,370,081

Household Durables - 1.1%
DR Horton, Inc.
2.50%, 10/15/2024		9,200,000		9,004,068
Whirlpool Corp.
4.00%, 3/1/2024		3,000,000		2,995,814

				11,999,882

Household Products - 0.1%
Colgate-Palmolive Co.
3.10%, 8/15/2025		1,480,000		1,450,992

Industrial Conglomerates - 0.6%
3M Co.
3.25%, 2/14/2024		3,062,000		3,059,221


Investments	Principal Amount ($)		Value ($)
General Electric Co.
Series A, (CME Term SOFR 3 Month + 0.56%), 5.88%, 5/13/2024(a)		3,000,000		2,996,266

				6,055,487

Insurance - 0.6%
MetLife, Inc.
3.60%, 4/10/2024		3,500,000		3,486,948
New York Life Global Funding
(United States SOFR Compounded Index + 0.33%), 5.66%, 1/14/2025(a)(b)		2,000,000		1,998,520
Security Benefit Global Funding
1.25%, 5/17/2024(b)		650,000		641,198

				6,126,666

IT Services - 0.9%
International Business Machines Corp.
3.63%, 2/12/2024		9,500,000		9,494,598
3.00%, 5/15/2024		500,000		496,461

				9,991,059

Life Sciences Tools & Services - 0.9%
Thermo Fisher Scientific, Inc.
1.22%, 10/18/2024		10,090,000		9,804,503

Machinery - 1.7%
CNH Industrial Capital LLC
3.95%, 5/23/2025		1,290,000		1,269,395
Daimler Truck Finance North America LLC
5.20%, 1/17/2025(b)		4,265,000		4,264,091
Illinois Tool Works, Inc.
3.50%, 3/1/2024		4,330,000		4,324,286
Parker-Hannifin Corp.
3.65%, 6/15/2024		7,600,000		7,543,515
Stanley Black & Decker, Inc.
6.27%, 3/6/2026		2,020,000		2,021,675

				19,422,962

Multi-Utilities - 0.5%
Black Hills Corp.
1.04%, 8/23/2024		960,000		935,270
CenterPoint Energy, Inc.
(United States SOFR Compounded Index + 0.65%), 6.03%, 5/13/2024(a)		380,000		380,018
DTE Energy Co.
4.22%, 11/1/2024(d)		4,700,000		4,650,820

				5,966,108

Office REITs - 0.1%
Boston Properties LP
REIT, 3.80%, 2/1/2024		1,000,000		1,000,000

Oil, Gas & Consumable Fuels - 3.5%
ConocoPhillips Co.
2.13%, 3/8/2024		5,000,000		4,982,049


Investments	Principal Amount ($)		Value ($)
Enbridge, Inc.
2.15%, 2/16/2024		2,000,000		1,996,964
(United States SOFR Compounded Index + 0.63%), 6.00%, 2/16/2024(a)		4,700,000		4,700,492
Enterprise Products Operating LLC
5.05%, 1/10/2026		720,000		725,273
Kinder Morgan Energy Partners LP
4.25%, 9/1/2024		6,870,000		6,815,119
Phillips 66
0.90%, 2/15/2024		5,000,000		4,990,753
Phillips 66 Co.
2.45%, 12/15/2024		1,109,000		1,083,155
TotalEnergies Capital International SA
3.75%, 4/10/2024		5,600,000		5,582,261
TransCanada PipeLines Ltd.
1.00%, 10/12/2024		9,010,000		8,732,774

				39,608,840

Paper & Forest Products - 0.2%
Georgia-Pacific LLC
0.63%, 5/15/2024(b)		2,200,000		2,169,156

Personal Care Products - 0.2%
Kenvue, Inc.
5.50%, 3/22/2025		2,305,000		2,323,373

Pharmaceuticals - 0.6%
Roche Holdings, Inc.
(SOFR + 0.74%), 6.12%, 11/13/2026(a)(b)		6,880,000		6,912,274

Retail REITs - 0.5%
Kimco Realty OP LLC
REIT, 3.30%, 2/1/2025		6,000,000		5,879,012

Semiconductors & Semiconductor Equipment - 1.0%
Analog Devices, Inc.
(United States SOFR Compounded Index + 0.25%), 5.59%, 10/1/2024(a)		610,000		609,859
KLA Corp.
4.65%, 11/1/2024		3,579,000		3,560,929
Microchip Technology, Inc.
0.97%, 2/15/2024		5,307,000		5,297,230
0.98%, 9/1/2024		1,870,000		1,820,370

				11,288,388

Software - 1.8%
Autodesk, Inc.
4.38%, 6/15/2025		2,000,000		1,984,080
Intuit, Inc.
5.25%, 9/15/2026		4,950,000		5,043,318
Oracle Corp.
2.95%, 11/15/2024		7,980,000		7,826,048


Investments	Principal Amount ($)		Value ($)
Roper Technologies, Inc.
2.35%, 9/15/2024		5,000,000		4,897,700

				19,751,146

Specialized REITs - 0.8%
Public Storage Operating Co.
REIT, (SOFR + 0.47%), 5.80%, 4/23/2024(a)		4,000,000		4,000,360
REIT, (United States SOFR Compounded Index + 0.60%), 5.91%, 7/25/2025(a)		4,296,000		4,306,409

				8,306,769

Specialty Retail - 1.5%
AutoZone, Inc.
3.13%, 4/18/2024		7,693,000		7,653,996
Home Depot, Inc. (The)
5.13%, 4/30/2025		1,960,000		1,970,734
Lowe’s Cos., Inc.
4.00%, 4/15/2025		2,385,000		2,355,735
Ross Stores, Inc.
4.60%, 4/15/2025		5,011,000		4,985,151

				16,965,616

Technology Hardware, Storage & Peripherals - 0.8%
Hewlett Packard Enterprise Co.
1.45%, 4/1/2024		3,100,000		3,077,971
5.90%, 10/1/2024		6,200,000		6,208,273

				9,286,244

Textiles, Apparel & Luxury Goods - 0.4%
VF Corp.
2.40%, 4/23/2025		5,000,000		4,805,600

Trading Companies & Distributors - 0.7%
Air Lease Corp.
4.25%, 2/1/2024		1,000,000		1,000,000
0.80%, 8/18/2024		1,980,000		1,927,538
4.25%, 9/15/2024		5,000,000		4,953,263

				7,880,801

Wireless Telecommunication Services - 0.4%
Sprint LLC
7.13%, 6/15/2024		4,000,000		4,017,204

TOTAL CORPORATE BONDS (COST $1,019,269,797)				1,020,154,849


Investments	Principal Amount ($)		Value ($)
ASSET-BACKED SECURITIES - 4.1%

BMW Vehicle Lease Trust
Series 2023-1, Class A2, 5.27%, 2/25/2025		208,424		208,302
Series 2022-1, Class A3, 1.10%, 3/25/2025		51,878		51,658


Investments	Principal Amount ($)		Value ($)
Capital One Multi-Asset Execution Trust
Series 2021-A3, Class A3, 1.04%, 11/15/2026		2,900,000		2,807,341
Series 2022-A3, Class A, 4.95%, 10/15/2027		1,882,000		1,887,921
Carmax Auto Owner Trust
Series 2022-3, Class A2A, 3.81%, 9/15/2025		289,806		289,093
Chase Issuance Trust
Series 2023-A1, Class A, 5.16%, 9/15/2028		1,900,000		1,930,251
Dell Equipment Finance Trust
Series 2023-1, Class A2, 5.65%, 9/22/2028(b)		1,668,936		1,669,312
Ford Credit Auto Lease Trust
Series 2022-A, Class A3, 3.23%, 5/15/2025		448,409		446,801
Ford Credit Auto Owner Trust
Series 2022-C, Class A2A, 4.52%, 4/15/2025		616,002		615,259
Series 2022-D, Class A2A, 5.37%, 8/15/2025		385,414		385,105
Series 2023-A, Class A2A, 5.14%, 3/15/2026		399,642		398,838
Series 2023-B, Class A2A, 5.57%, 6/15/2026		1,200,000		1,200,973
GM Financial Automobile Leasing Trust
Series 2022-2, Class A3, 3.42%, 6/20/2025		4,429,671		4,405,572
GM Financial Consumer Automobile Receivables Trust
Series 2022-3, Class A2A, 3.50%, 9/16/2025		448,035		446,425
Series 2023-1, Class A2A, 5.19%, 3/16/2026		489,821		488,944
Series 2021-2, Class A3, 0.51%, 4/16/2026		554,837		543,298
Series 2021-3, Class A3, 0.48%, 6/16/2026		760,155		740,121
Series 2023-3, Class A2A, 5.74%, 9/16/2026		386,441		387,010
Series 2022-1, Class A3, 1.26%, 11/16/2026		1,725,620		1,678,185
Honda Auto Receivables Owner Trust
Series 2022-2, Class A2, 3.81%, 3/18/2025		340,442		339,479
Series 2023-3, Class A2, 5.71%, 3/18/2026		3,400,000		3,405,746
Hyundai Auto Receivables Trust
Series 2022-B, Class A2A, 3.64%, 5/15/2025		181,374		180,964
Series 2021-A, Class A3, 0.38%, 9/15/2025		679,658		671,679
Series 2020-B, Class A4, 0.62%, 12/15/2025		480,166		477,442


Investments	Principal Amount ($)		Value ($)
Mercedes-Benz Auto Lease Trust
Series 2021-B, Class A4, 0.51%, 3/15/2027		3,675,875		3,660,985
Mercedes-Benz Auto Receivables Trust
Series 2022-1, Class A2, 5.26%, 10/15/2025		532,512		532,242
Series 2023-1, Class A2, 5.09%, 1/15/2026		317,636		317,100
Series 2021-1, Class A3, 0.46%, 6/15/2026		1,549,744		1,506,378
Series 2023-2, Class A2, 5.92%, 11/16/2026		2,000,000		2,013,083
Nissan Auto Receivables Owner Trust
Series 2022-B, Class A2, 4.50%, 8/15/2025		1,262,175		1,258,995
Santander Drive Auto Receivables Trust
Series 2022-7, Class A2, 5.81%, 1/15/2026		211,443		211,435
Series 2023-1, Class A2, 5.36%, 5/15/2026		529,041		528,733
Series 2023-3, Class A2, 6.08%, 8/17/2026		972,941		974,491
Toyota Auto Receivables Owner Trust
Series 2020-D, Class A4, 0.47%, 1/15/2026		925,096		909,785
Series 2022-D, Class A2A, 5.27%, 1/15/2026		654,935		654,306
Series 2023-C, Class A2A, 5.60%, 8/17/2026		1,300,000		1,302,352
Verizon Master Trust
Series 2021-1, Class A, 0.50%, 5/20/2027		3,000,000		2,953,417
World Omni Auto Receivables Trust
Series 2022-C, Class A2, 3.73%, 3/16/2026		760,527		756,673
Series 2021-B, Class A3, 0.42%, 6/15/2026		876,285		854,641
Series 2023-D, Class A2A, 5.91%, 2/16/2027		1,700,000		1,711,797

TOTAL ASSET-BACKED SECURITIES (COST $45,404,393)				45,802,132


Investments	Principal Amount ($)		Value ($)
MUNICIPAL BONDS - 0.1%

Anaheim Public Financing Authority
Series 2021-A, 0.63%, 7/1/2024		500,000		490,558
New York City Transitional Finance Authority, Building Aid
Series 2022 Subseries S-1B, 0.64%, 7/15/2024		1,000,000		979,163

				1,469,721

TOTAL MUNICIPAL BONDS (COST $1,500,000)				1,469,721


Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 3.8%

U.S. TREASURY OBLIGATIONS - 3.8%
U.S. Treasury Bills 5.29%, 2/1/2024(e)		4,000,000		4,000,000
5.31%, 2/6/2024(e)		5,000,000		4,996,354
5.31%, 2/20/2024(e)		4,000,000		3,988,891
5.29%, 3/12/2024(e)		10,000,000		9,941,485
5.31%, 4/16/2024(e)		10,000,000		9,892,066
5.27%, 4/18/2024(e)		10,000,000		9,888,727

TOTAL U.S. TREASURY OBLIGATIONS (COST $42,706,975)				42,707,523

Total Investments - 99.1% (Cost $1,108,881,165)				1,110,134,225
Other assets less liabilities - 0.9%				10,249,432

Net Assets - 100.0%				1,120,383,657

(a) Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.

(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(d) Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2024.

(e) The rate shown was the current yield as of January 31, 2024.

Percentages shown are based on Net Assets.


Abbreviations

CME		Chicago Mercantile Exchange
REIT		Real Estate Investment Trust
SOFR		Secured Overnight Financing Rate

FlexShares^® Ultra-Short Income invested, as a percentage of net assets, in companies domiciled in the following countries as of January 31, 2024:


Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 99.7%
FlexShares^® Credit-Scored US Corporate Bond Index Fund(a)		271,603		13,054,001
FlexShares^® Credit-Scored US Long Corporate Bond Index Fund(a)		20,625		915,166
FlexShares^® Disciplined Duration MBS Index Fund(a)		1,100,370		22,667,622
FlexShares^® iBoxx 3-Year Target Duration TIPS Index Fund(a)		154,491		3,666,071
FlexShares^® Ultra-Short Income Fund(a)		128,827		9,719,997
iShares 10+ Year Investment Grade Corporate Bond ETF		1,000		52,440
iShares 1-3 Year Treasury Bond ETF(b)		19,292		1,587,732
iShares 1-5 Year Investment Grade Corporate Bond ETF(b)		291,306		14,996,433
iShares 20+ Year Treasury Bond ETF		251,188		24,279,832
iShares 3-7 Year Treasury Bond ETF(b)		322,796		37,925,302
iShares 5-10 Year Investment Grade Corporate Bond ETF(b)		126,034		6,553,768
iShares 7-10 Year Treasury Bond ETF		18,914		1,824,445
iShares MBS ETF		472,718		44,340,948

TOTAL EXCHANGE TRADED FUNDS (Cost $183,688,677)				181,583,757


Investments	Principal Amount ($)		Value ($)
SECURITIES LENDING REINVESTMENTS - 4.1%(c)

REPURCHASE AGREEMENTS - 4.1%
CF Secured LLC, 5.31%, dated 1/31/2024, due 2/1/2024, repurchase price $7,556,803, collateralized by various U.S. Treasury Securities, ranging from 0.00% - 7.63%, maturing 3/31/2024 - 5/15/2053; total market value $59,894,017 (Cost $7,555,688)		7,555,688		7,555,688


Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 0.1%(d)(e)

U.S. TREASURY OBLIGATIONS - 0.1%
U.S. Treasury Bills 5.43%, 4/11/2024 (Cost $64,330)		65,000		64,340

Total Investments - 103.9% (Cost $191,308,695)				189,203,785
Liabilities in excess of other assets - (3.9%)				(7,102,009	)

Net Assets - 100.0%				182,101,776

(a)	Investment in affiliated Fund. Northern Trust Investments, Inc. is the Investment Adviser to both the Fund and the affiliated Funds.

(b)

The security or a portion of this security is on loan at January 31, 2024. The total value of securities on loan at January 31, 2024 was $13,359,089, collateralized in the form of cash with a value of $7,555,688 that was reinvested in the securities shown in the Securities Lending Reinvestment section of the Schedule of Investments and $6,013,167 of collateral in the form of U.S. Government Treasury Securities, interest rates ranging from 0.25% – 4.13%, and maturity dates ranging from September 30, 2025 – November 15, 2052; a total value of $13,568,855.

(c)	The security was purchased with cash collateral held from securities on loan at January 31, 2024. The total value of securities purchased was $7,555,688.

(d)	The rate shown was the current yield as of January 31, 2024.

(e)	All or a portion of the security pledged as collateral for Futures Contracts.

Percentages shown are based on Net Assets.

For the period ended January 31, 2024, the FlexShares^® Core Select Bond Fund was invested in securities of affiliated FlexShares^® Funds. The Schedules of Investments of the affiliated FlexShares^® Funds are located elsewhere in this Report.

Investment in a company which was affiliated for the period ended January 31, 2024, was as follows:

FlexShares^® Core Select Bond Fund had the following open futures contracts as of January 31, 2024:

Various inputs are used in determining the value of each Fund’s investments. These inputs are summarized in three levels listed below:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term debt securities may be valued at amortized cost, as long as amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the valuations as of January 31, 2024 for each Fund based upon the three levels defined above. Please refer to the Schedules of Investments to view equity and debt securities segregated by industry type where applicable.


	Number of Contracts		Expiration Date		Trading Currency	Notional Amount		Value and Unrealized Appreciation
Long Contracts
S&P 500 E-Mini Index		2		03/15/2024	USD	$	487,050	$	21,962
S&P 500 Micro E-Mini Index		8		03/15/2024	USD		194,820		3,435

								$	25,397


Contracts to Receive		Counterparty	In Exchange For			Maturity Date		Unrealized Appreciation/ (Depreciation)
CAD	91,112	Citibank NA		USD	67,958		03/20/2024	$	278
ILS	73,522	Morgan Stanley		USD	20,085		03/20/2024		158
USD	80,292	Citibank NA		AUD	119,288		03/20/2024		1,316
USD	44,820	Citibank NA		DKK	303,190		03/20/2024		525
USD	306,725	Citibank NA		EUR	279,420		03/20/2024		2,596
USD	25,558	Citibank NA		NZD	41,229		03/20/2024		179
USD	75,433	Citibank NA		SEK	767,599		03/20/2024		1,001

Total unrealized appreciation								$	6,053

HKD	282,833	Bank of New York Mellon (The)		USD	36,283		03/20/2024	$	(56	)
SGD	16,357	BNP Paribas SA		USD	12,371		03/20/2024		(105	)
USD	195,112	Citibank NA		CHF	167,993		03/20/2024		(1,716	)
USD	25,392	Citibank NA		GBP	19,939		03/20/2024		(7	)
USD	12,516	Citibank NA		NOK	131,563		03/20/2024		(80	)
JPY	13,556,869	Toronto-Dominion Bank (The)		USD	97,062		03/21/2024		(3,612	)

Total unrealized depreciation								$	(5,576	)

Net unrealized appreciation								$	477


Contracts to Receive		Counterparty	In Exchange For				Maturity Date		Unrealized Appreciation/ (Depreciation)
USD	47,817	Citibank NA		INR	^*	4,000,000		03/20/2024	$	(266	)

Net unrealized depreciation									$	(266	)


Security Type	% of Net Assets
Common Stocks		99.6	%
Securities Lending Reinvestments		0.3
Short-Term Investments		0.1
Others⁽¹⁾		0.0	^†

		100.0	%


Australia	2.3	%
Belgium	0.4
Canada	10.1
Denmark	1.5
Finland	2.3
France	7.6
Germany	3.8
Hong Kong	5.4
Israel	3.4
Italy	0.5
Japan	23.9
Netherlands	4.7
New Zealand	0.2
Portugal	1.2
Singapore	4.9
Spain	3.3
Switzerland	13.0
United Kingdom	9.8
Other¹	1.7

	100.0	%


Brazil	2.1	%
China	19.0
India	21.0
Indonesia	1.6
Kuwait	2.9
Malaysia	5.1
Mexico	0.1
Morocco	1.3
Peru	0.0	^†
Philippines	1.0
Qatar	3.9
Saudi Arabia	7.8
South Africa	0.1
South Korea	8.1
Taiwan	16.0
Thailand	2.8
Turkey	0.2
United Arab Emirates	7.0
Other¹	0.0	^†

	100.0	%


Security	Value October 31, 2023		Purchases at Cost		Sales Proceeds		Shares January 31, 2024		Value January 31, 2024		Change in Unrealized Appreciation (Depreciation)		Dividend Income		Realized Gain
Northern Trust Corp.	$	459,393	$	—	$	27,318		6,640	$	528,810	$	94,084	$	5,166	$	2,651


	Number of Contracts		Expiration Date		Trading Currency	Notional Amount		Value and Unrealized Appreciation
Long Contracts
Russell 2000 E-Mini Index		14		03/15/2024	USD	$	1,369,130	$	41,774
S&P 500 E-Mini Index		18		03/15/2024	USD		4,383,450		178,179
S&P Midcap 400 E-Mini Index		4		03/15/2024	USD		1,097,320		29,434

								$	249,387


Abbreviations

ADR		American Depositary Receipt
CHDI		Clearing House Electronic Subregister System (CHESS) Depository Interest
CVA		Dutch Certification
OYJ		Public Limited Company
Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
REIT		Real Estate Investment Trust
SCA		Limited partnership with share capital
SDR		Swedish Depositary Receipt


Australia	5.7	%
Austria	0.5
Belgium	1.1
Canada	11.1
Denmark	2.6
Finland	0.7
France	7.7
Germany	6.7
Hong Kong	1.9
Ireland	0.2
Israel	1.5
Italy	3.0
Japan	24.3
Netherlands	3.3
New Zealand	0.4
Norway	1.3
Poland	0.4
Portugal	0.2
Singapore	1.2
Spain	2.3
Sweden	3.3
Switzerland	6.0
United Kingdom	13.3
United States	0.0	^†
Other¹	1.3

	100.0	%


ADR		American Depositary Receipt
BRL		Brazilian Real
GDR		Global Depositary Receipt
MYR		Malaysian Ringgit
NVDR		Non-Voting Depositary Receipt
OJSC		Open Joint Stock Company
PJSC		Public Joint Stock Company
Preference		A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
REIT		Real Estate Investment Trust
SCA		Limited partnership with share capital


HKD	—	Hong Kong Dollar
INR	—	Indian Rupee
KRW	—	Korean Won
TWD	—	Taiwan Dollar
USD	—	US Dollar
ZAR	—	South African Rand


Brazil	7.4	%
Chile	1.3
China	19.1
Colombia	1.0
Czech Republic	0.1
Egypt	0.5
Greece	0.6
Hungary	0.3
India	17.9
Indonesia	2.1
Kuwait	0.8
Malaysia	2.5
Mexico	3.2
Peru	0.5
Philippines	1.0
Qatar	1.2
Saudi Arabia	2.9
South Africa	4.0
South Korea	12.0
Taiwan	15.9
Thailand	1.9
Turkey	1.5
United Arab Emirates	2.2
United Kingdom	0.0	^†
United States	0.2
Other¹	(0.1	)

	100.0	%


Abbreviations:

AUD	—	Australian Dollar
BRL	—	Brazilian Real
CAD	—	Canadian Dollar
EUR	—	Euro
GBP	—	British Pound
HKD	—	Hong Kong Dollar
INR	—	Indian Rupee
JPY	—	Japanese Yen
KRW	—	Korean Won
NOK	—	Norwegian Krone
SEK	—	Swedish Krona
USD	—	US Dollar
ZAR	—	South African Rand


Security	Value October 31, 2023		Purchases at Cost		Sales Proceeds		Shares January 31, 2024		Value January 31, 2024		Change in Unrealized Appreciation (Depreciation)		Dividend Income		Realized Loss
FlexShares^® Global Quality Real Estate Index Fund	$	2,773,255	$	26,651	$	289,796		53,878	$	2,899,175	$	466,494	$	28,371	$	(77,429	)
FlexShares^® Morningstar Global Upstream Natural Resources Index Fund		5,421,708		47,981		523,580		128,810		4,948,880		28,756		61,887		(25,985	)
FlexShares^® STOXX^® Global Broad Infrastructure Index Fund		8,376,484		77,482		838,656		160,314		8,538,324		998,883		62,836		(75,869	)

	$16,571,447		$152,114		$1,652,032		343,002		$16,386,379		$1,494,133		$153,094		$(179,283)


Security Type	% of Net Assets
Exchange Traded Funds		100.0	%
Others⁽¹⁾		0.0	^†

		100.0	%


Abbreviations:

CHF	—	Swiss Franc
DKK	—	Danish Krone
EUR	—	Euro
GBP	—	British Pound
JPY	—	Japanese Yen
USD	—	US Dollar


Security Type	% of Net Assets
U.S. Treasury Obligations		99.9	%
Others⁽¹⁾		0.1

		100.0	%


Security Type	% of Net Assets
Mortgage-Backed Securities		99.4	%
Others⁽¹⁾		0.6

		100.0	%


Security Type	% of Net Assets
Corporate Bonds		96.0	%
U.S. Treasury Obligations		1.2
Securities Lending Reinvestments		0.1
Others⁽¹⁾		2.7

		100.0	%


Australia	4.4	%
Canada	10.0
Denmark	0.1
Finland	0.2
France	1.8
Germany	2.1
Ireland	0.6
Japan	1.9
Netherlands	1.1
New Zealand	0.5
South Korea	0.1
Spain	0.6
Sweden	1.2
Switzerland	0.9
United Kingdom	1.8
United States	71.8
Other¹	0.9

	100.0	%


	Level 1 — Quoted Prices		Level 2 — Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® US Quality Low Volatility Index Fund
Investments
Common Stocks*	$	197,789,001	$	—		$	—	$	197,789,001
Securities Lending Reinvestments
Repurchase Agreements		—		650,352			—		650,352
Short-Term Investments		—		34,645			—		34,645

Total Investments	$	197,789,001	$	684,997		$	—	$	198,473,998

Other Financial Instruments
Assets
Futures Contracts	$	25,397	$	—		$	—	$	25,397

Total Other Financial Instruments	$	25,397	$	—		$	—	$	25,397


	Level 1 — Quoted Prices		Level 2 — Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® Developed Markets ex-US Quality Low Volatility Index Fund
Investments
Common Stocks
Electric Utilities	$	2,965,650	$	10,986		$	—	$	2,976,636
Other*		58,400,797		—			—		58,400,797
Warrants		—		—			—		—
Securities Lending Reinvestments
Repurchase Agreements		—		435,927			—		435,927

Total Investments	$	61,366,447	$	446,913		$	—	$	61,813,360

Other Financial Instruments
Assets
Futures Contracts	$	24,192	$	—		$	—	$	24,192
Forward Foreign Currency Contracts		—		6,053			—		6,053
Liabilities
Forward Foreign Currency Contracts		—		(5,576	)		—		(5,576	)

Total Other Financial Instruments	$	24,192	$	477		$	—	$	24,669


	Level 1 — Quoted Prices		Level 2 — Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® Emerging Markets Quality Low Volatility Index Fund
Investments
Common Stocks*	$	20,754,922	$	—		$	—	$	20,754,922

Total Investments	$	20,754,922	$	—		$	—	$	20,754,922

Other Financial Instruments
Assets
Futures Contracts	$	236	$	—		$	—	$	236
Liabilities
Forward Foreign Currency Contracts		—		(266	)		—		(266	)

Total Other Financial Instruments	$	236	$	(266	)	$	—	$	(30	)


	Level 1 — Quoted Prices		Level 2 —Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® STOXX^® US ESG Select Index Fund
Investments
Common Stocks*	$	188,953,772	$	—		$	—	$	188,953,772
Securities Lending Reinvestments
Repurchase Agreements		—		152,740			—		152,740

Total Investments	$	188,953,772	$	152,740		$	—	$	189,106,512

Other Financial Instruments
Assets
Futures Contracts	$	86,520	$	—		$	—	$	86,520

Total Other Financial Instruments	$	86,520	$	—		$	—	$	86,520


	Level 1 — Quoted Prices		Level 2 —Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® STOXX^® Global ESG Select Index Fund
Investments
Common Stocks
Electric Utilities	$	937,657	$	5,596		$	—	$	943,253
Other*		172,793,331		—			—		172,793,331
Securities Lending Reinvestments
Repurchase Agreements		—		305,943			—		305,943

Total Investments	$	173,730,988	$	311,539		$	—	$	174,042,527

Other Financial Instruments
Assets
Futures Contracts	$	50,612	$	—		$	—	$	50,612
Forward Foreign Currency Contracts		—		8,891			—		8,891
Liabilities
Forward Foreign Currency Contracts		—		(1,321	)		—		(1,321	)

Total Other Financial Instruments	$	50,612	$	7,570		$	—	$	58,182


	Level 1 — Quoted Prices		Level 2 —Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® ESG & Climate US Large Cap Core Index Fund
Investments
Common Stocks*	$	43,432,917	$	—		$	—	$	43,432,917
Securities Lending Reinvestments
Repurchase Agreements		—		73,889			—		73,889
Short-Term Investments		—		34,645			—		34,645

Total Investments	$	43,432,917	$	108,534		$	—	$	43,541,451

Other Financial Instruments
Assets
Futures Contracts	$	21,131	$	—		$	—	$	21,131

Total Other Financial Instruments	$	21,131	$	—		$	—	$	21,131



	Level 1 — Quoted Prices			Level 2 — Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® ESG & Climate Developed Markets ex-US Core Index Fund
Investments
Common Stocks
Electric Utilities	$	876,049		$	4,795		$	—	$	880,844
Other*		46,664,508			—			—		46,664,508
Securities Lending Reinvestments
Repurchase Agreements		—			447,362			—		447,362

Total Investments	$	47,540,557		$	452,157		$	—	$	47,992,714

Other Financial Instruments
Assets
Futures Contracts	$	13,743		$	—		$	—	$	13,743
Forward Foreign Currency Contracts		—			2,765			—		2,765
Liabilities
Forward Foreign Currency Contracts		—			(724	)		—		(724	)

Total Other Financial Instruments	$	13,743		$	2,041		$	—	$	15,784


	Level 1 — Quoted Prices			Level 2 — Other Significant Observable Inputs			Level 3 — Significant Unobservable Inputs		Total
FlexShares^® ESG & Climate Emerging Markets Core Index Fund
Investments
Common Stocks
Banks	$	796,854		$	9,350		$	—	$	806,204
Other*		3,590,596			—			—		3,590,596

Total Investments	$	4,387,450		$	9,350		$	—	$	4,396,800

Other Financial Instruments
Assets
Forward Foreign Currency Contracts	$	—		$	7		$	—	$	7
Liabilities
Futures Contracts		(402	)		—			—		(402	)

Total Other Financial Instruments	$	(402	)	$	7		$	—	$	(395	)