Parametric Tax-Managed Emerging Markets Fund

March 31, 2019

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.5%

Security	Shares		Value
Argentina — 0.7%
Adecoagro SA(1)		128,000	$	881,920
Arcos Dorados Holdings, Inc., Class A		81,800		586,506
Banco Macro SA, Class B		130,676		599,540
BBVA Banco Frances SA		76,594		242,077
BBVA Banco Frances SA ADR		17,300		164,523
Cresud SA ADR(1)		19,400		224,846
Grupo Financiero Galicia SA, Class B ADR		56,700		1,446,984
IRSA Inversiones y Representaciones SA		119,544		135,084
IRSA Propiedades Comerciales SA		1,325		6,340
Ledesma SAAI(1)		259,501		73,009
MercadoLibre, Inc.(1)		14,600		7,412,858
Molinos Agro SA		18,283		93,917
Molinos Rio de la Plata SA, Class B(1)		75,026		67,477
Pampa Energia SA ADR(1)		77,260		2,130,058
Telecom Argentina SA ADR		102,600		1,497,960
Ternium Argentina SA		2,005,200		723,687
Transportadora de Gas del Sur SA		252,923		667,257
YPF SA ADR		101,600		1,423,416
			$	18,377,459
Bahrain — 0.8%
Ahli United Bank BSC		14,575,611	$	11,886,720
Al Salam Bank-Bahrain BSC		15,477,147		3,527,027
GFH Financial Group BSC		10,517,954		2,799,921
Ithmaar Holding BSC(1)(2)		21,954,746		1,609,967
			$	19,823,635
Bangladesh — 0.7%
ACI, Ltd.		129,325	$	466,289
Aftab Automobiles, Ltd.		378,354		184,139
Al-Arafah Islami Bank, Ltd.		2,174,488		518,737
Bangladesh Export Import Co., Ltd.		3,361,221		903,179
Bangladesh Submarine Cable Co., Ltd.		178,728		329,323
Beximco Pharmaceuticals, Ltd.		71,885		72,666
BRAC Bank, Ltd.(1)		477,896		438,985
British American Tobacco Bangladesh Co., Ltd.		32,750		1,738,324
BSRM Steels, Ltd.		1,375,000		974,618
City Bank, Ltd. (The)		933,797		293,630
Grameenphone, Ltd.		446,213		2,159,078
Heidelberger Cement Bangladesh, Ltd.		103,700		429,285
Islami Bank Bangladesh, Ltd.		1,587,087		489,714
Jamuna Oil Co., Ltd.		171,088		379,801
Khulna Power Co., Ltd.		1,070,095		768,802
LafargeHolcim Bangladesh, Ltd.		396,773		196,479

1

Security	Shares		Value
LankaBangla Finance, Ltd.		1,102,357	$	291,391
Malek Spinning Mills, Ltd.		1,020,000		226,525
Meghna Petroleum, Ltd.		210,100		510,404
National Bank, Ltd.(1)		3,654,721		394,417
Olympic Industries, Ltd.		311,098		859,142
Padma Oil Co., Ltd.		175,100		487,647
Pubali Bank, Ltd.		1,709,987		544,380
Renata, Ltd.		30,361		428,092
Singer Bangladesh, Ltd.		215,270		492,374
Social Islami Bank, Ltd.(1)		1,095,081		201,421
Southeast Bank, Ltd.(1)		2,195,925		395,522
Square Pharmaceuticals, Ltd.		552,572		1,753,430
Summit Power, Ltd.		597,049		290,073
Titas Gas Transmission & Distribution Co., Ltd.		884,903		401,697
Unique Hotel & Resorts, Ltd.		1,004,743		622,344
United Airways Bangladesh, Ltd.(1)		7,278,815		224,636
United Commercial Bank, Ltd.		1,270,726		271,324
			$	18,737,868
Botswana — 0.4%
Barclays Bank of Botswana, Ltd.		1,308,506	$	635,609
Botswana Insurance Holdings, Ltd.		825,133		1,343,747
First National Bank of Botswana, Ltd.		7,511,600		1,781,937
Letshego Holdings, Ltd.		16,310,999		2,427,727
Sechaba Breweries Holdings, Ltd.		1,086,400		2,072,335
Sefalana Holding Co.		991,000		793,028
Standard Chartered Bank Botswana, Ltd.(1)		850,790		294,498
			$	9,348,881
Brazil — 5.7%
Aliansce Shopping Centers SA		97,100	$	495,253
AMBEV SA		1,567,825		6,739,243
Atacadao Distribuicao Comercio e Industria Ltda		144,200		739,903
B2W Cia Digital(1)		113,015		1,218,663
B3 SA-Brasil Bolsa Balcao		341,485		2,801,409
Banco Bradesco SA, PFC Shares		468,738		5,140,692
Banco do Brasil SA		56,600		704,293
BR Malls Participacoes SA		997,700		3,203,057
Braskem SA, PFC Shares		82,200		1,068,609
BRF SA(1)		48,966		283,265
CCR SA		160,000		479,753
Centrais Eletricas Brasileiras SA, PFC Shares		372,066		3,597,742
Cia Brasileira de Distribuicao, PFC Shares		52,556		1,227,674
Cia de Saneamento Basico do Estado de Sao Paulo ADR		302,298		3,198,313
Cia de Transmissao de Energia Eletrica Paulista, PFC Shares		39,663		781,438
Cia Hering		155,800		1,189,386
Cia Siderurgica Nacional SA(1)		84,900		352,363
Cia Siderurgica Nacional SA ADR(1)		62,200		255,642
Cielo SA		545,438		1,322,029
Cosan SA		123,000		1,339,842
CVC Brasil Operadora e Agencia de Viagens SA		91,021		1,272,785
Cyrela Brazil Realty SA Empreendimentos e Participacoes		191,224		794,620

2

Security	Shares		Value
Duratex SA		271,983	$	762,040
EDP-Energias do Brasil SA		331,900		1,439,376
Embraer SA		268,332		1,264,440
Embraer SA ADR		3,652		69,425
Engie Brasil Energia SA		120,125		1,310,365
Equatorial Energia SA		123,600		2,525,445
Estacio Participacoes SA		188,129		1,278,106
Ez Tec Empreendimentos e Participacoes SA		111,094		760,422
Fleury SA		191,500		997,765
Gerdau SA, PFC Shares		227,900		881,251
Gol Linhas Aereas Inteligentes SA, PFC Shares		242,400		1,603,474
Hypera SA		541,800		3,584,001
Iguatemi Empresa de Shopping Centers SA		88,100		875,746
Instituto Hermes Pardini SA		81,900		424,629
Itau Unibanco Holding SA, PFC Shares		535,093		4,705,391
Itausa-Investimentos Itau SA, PFC Shares		731,454		2,238,068
JBS SA		569,502		2,315,622
Klabin SA, PFC Shares		981,500		772,094
Linx SA		60,800		574,559
Localiza Rent a Car SA		715,328		6,040,008
Lojas Americanas SA, PFC Shares		440,490		1,886,681
Lojas Renner SA		327,591		3,664,675
M Dias Branco SA		60,700		673,609
Magazine Luiza SA		45,246		1,997,464
Marcopolo SA, PFC Shares		696,300		693,570
MRV Engenharia e Participacoes SA		214,800		767,505
Multiplan Empreendimentos Imobiliarios SA		835,200		4,989,421
Natura Cosmeticos SA		116,100		1,345,928
Odontoprev SA		779,700		3,265,884
Oi SA ADR		315,800		123,162
Pagseguro Digital, Ltd., Class A(1)		225,100		6,719,235
Petroleo Brasileiro SA, PFC Shares		2,048,844		14,683,378
Raia Drogasil SA		107,800		1,797,883
Rumo SA(1)		387,599		1,895,749
Sao Martinho SA		133,410		624,909
Suzano Papel e Celulose SA		167,741		1,994,290
Suzano SA ADR		12,662		299,963
Telefonica Brasil SA, PFC Shares		74,605		905,088
TIM Participacoes SA		1,575,044		4,742,812
Totvs SA		91,400		919,754
Transmissora Alianca de Energia Electrica SA		444,093		2,812,905
Ultrapar Participacoes SA		103,648		1,244,194
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, PFC Shares		226,900		581,832
Vale SA		715,518		9,307,299
Weg SA		862,114		3,963,388
			$	144,528,779
Bulgaria — 0.1%
Albena AD		3,379	$	83,346
Bulgartabak Holding(1)		3,450		17,778
CB First Investment Bank AD(1)		54,000		112,741
Chimimport AD		825,588		852,324

3

Security	Shares		Value
Industrial Holding Bulgaria PLC(1)		576,865	$	331,530
Petrol AD(1)		19,052		8,714
Sopharma AD		303,500		608,640
			$	2,015,073
Chile — 2.8%
AES Gener SA		1,713,702	$	460,593
Aguas Andinas SA, Series A		2,298,691		1,306,917
Almendral SA		5,119,951		373,930
AntarChile SA		17,009		228,951
Banco de Chile		30,328,153		4,465,180
Banco de Chile ADR		12,399		365,027
Banco de Credito e Inversiones SA		31,145		1,991,069
Banco Santander Chile ADR		100,849		3,000,258
Besalco SA		596,000		551,767
Cap SA		86,946		1,032,356
Cencosud SA		1,747,858		3,025,917
Cia Cervecerias Unidas SA ADR		100,500		2,960,730
Cia Sud Americana de Vapores SA(1)		7,802,824		262,347
Colbun SA		5,553,984		1,255,248
Embotelladora Andina SA, Series A ADR		6,700		130,885
Embotelladora Andina SA, Series A, PFC Shares		149,933		484,717
Embotelladora Andina SA, Series B ADR		49,672		1,074,405
Empresa Nacional de Telecomunicaciones SA		281,023		2,926,252
Empresas CMPC SA		1,151,549		4,061,274
Empresas COPEC SA		673,467		8,550,543
Enel Americas SA		7,896,770		1,403,886
Enel Americas SA ADR		140,171		1,251,727
Enel Chile SA		4,683,503		490,715
Enel Chile SA ADR		257,006		1,331,291
Engie Energia Chile SA		253,400		487,619
Inversiones Aguas Metropolitanas SA		613,640		937,812
Itau CorpBanca		145,664,426		1,284,321
Latam Airlines Group SA		169,643		1,803,612
Latam Airlines Group SA ADR		248,748		2,631,754
Parque Arauco SA		818,312		2,188,563
Ripley Corp. SA		1,334,100		1,088,249
S.A.C.I. Falabella		1,032,879		7,680,131
Salfacorp SA		1,001,683		1,361,572
Sigdo Koppers SA		578,762		1,063,111
Sociedad Matriz SAAM SA		6,677,681		667,273
Sociedad Quimica y Minera de Chile SA ADR		90,000		3,459,600
Sonda SA		1,330,624		2,004,232
Vina Concha y Toro SA		146,373		304,574
Vina Concha y Toro SA ADR(1)		26,701		1,111,193
			$	71,059,601
China — 12.3%
3SBio, Inc.(3)		527,000	$	1,036,515
AECC Aviation Power Co., Ltd.		66,500		261,008
Agile Group Holdings, Ltd.		486,000		788,858
Agricultural Bank of China, Ltd., Class H		1,705,000		788,160

4

Security	Shares		Value
Air China, Ltd., Class H		982,000	$	1,209,408
Aisino Corp.		73,800		305,885
Alibaba Group Holding, Ltd. ADR(1)		19,000		3,466,550
Aluminum Corp. of China, Ltd., Class H(1)		5,922,000		2,188,214
Angang Steel Co., Ltd., Class H		1,148,000		841,108
Anhui Conch Cement Co., Ltd., Class H		1,034,500		6,330,007
ANTA Sports Products, Ltd.		489,093		3,334,143
AVIC Aircraft Co., Ltd., Class A		162,200		411,209
Baidu, Inc. ADR(1)		13,700		2,258,445
Bank of Beijing Co., Ltd.		395,520		364,816
Bank of China, Ltd., Class H		5,324,000		2,419,599
Bank of Communications, Ltd., Class H		2,201,300		1,805,960
Bank of Nanjing Co., Ltd.		294,427		346,588
Bank of Ningbo Co., Ltd., Class A		87,300		275,668
BBMG Corp., Class H		3,378,000		1,242,035
BeiGene, Ltd. ADR(1)		24,425		3,224,100
Beijing Capital International Airport Co., Ltd., Class H		596,000		566,085
Beijing Enterprises Holdings, Ltd.		223,500		1,269,126
Beijing Enterprises Water Group, Ltd.		3,456,000		2,137,941
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A		82,619		258,507
Beijing Originwater Technology Co., Ltd., Class A		171,376		238,902
Beijing Sanju Environmental Protection and New Material Co., Ltd., Class A		60,580		93,985
Beijing Tongrentang Co., Ltd.		47,000		209,261
Beijing Water Business Doctor Co., Ltd., Class A		73,000		93,600
Beijing Xinwei Technology Group Co., Ltd.(1)(2)		93,610		0
BOE Technology Group Co., Ltd., Class A		911,100		526,527
BYD Co., Ltd., Class H		489,000		2,956,610
Cangzhou Mingzhu Plastic Co., Ltd., Class A		165,750		124,117
CGN Power Co., Ltd., Class H(3)		6,329,000		1,766,551
Changchun High & New Technology Industry Group, Inc., Class A		5,800		273,903
Changjiang Securities Co., Ltd., Class A		141,300		157,948
Chengdu Xingrong Environment Co., Ltd., Class A		238,200		164,718
China Agri-Industries Holdings, Ltd.		2,380,000		815,757
China Bluechemical, Ltd., Class H		1,348,000		438,516
China Cinda Asset Management Co., Ltd., Class H		3,202,000		890,464
China CITIC Bank Corp., Ltd., Class H		1,627,000		1,037,478
China Coal Energy Co., Ltd., Class H		1,005,000		416,419
China Communications Construction Co., Ltd., Class H		1,677,000		1,738,060
China Communications Services Corp., Ltd., Class H		2,166,000		1,935,348
China Construction Bank Corp., Class H		4,291,580		3,683,757
China Dongxiang Group Co., Ltd.		3,981,000		578,767
China Eastern Airlines Corp., Ltd., Class H		1,436,000		1,019,020
China Everbright Bank Co., Ltd.		341,400		208,104
China Everbright International, Ltd.		1,584,148		1,613,563
China Everbright, Ltd.		456,000		905,550
China Evergrande Group		757,000		2,521,197
China Fortune Land Development Co., Ltd.		52,400		241,179
China Gas Holdings, Ltd.		1,086,000		3,825,889
China Huishan Dairy Holdings Co., Ltd.(1)(2)		1,750,000		0
China International Marine Containers Co., Ltd.		413,812		529,733
China International Travel Service Corp., Ltd.		47,276		492,969
China Life Insurance Co., Ltd., Class H		178,000		479,911

5

Security	Shares		Value
China Longyuan Power Group Corp., Ltd., Class H		2,055,000	$	1,431,804
China Medical System Holdings, Ltd.		702,000		682,499
China Mengniu Dairy Co., Ltd.		1,601,000		5,958,625
China Merchants Bank Co., Ltd., Class H		512,500		2,496,763
China Merchants Port Holdings Co., Ltd.		424,000		904,245
China Merchants Shekou Industrial Zone Holdings Co., Ltd.(2)		935,251		0
China Minsheng Banking Corp., Ltd., Class H		1,036,920		754,107
China Mobile, Ltd.		475,120		4,848,279
China Modern Dairy Holdings, Ltd.(1)		2,514,000		416,029
China Molybdenum Co., Ltd., Class H		4,218,000		1,766,999
China National Building Material Co., Ltd., Class H		2,156,000		1,706,408
China National Nuclear Power Co., Ltd.		227,000		204,285
China Northern Rare Earth Group High-Tech Co., Ltd.		185,300		306,774
China Oilfield Services, Ltd., Class H		1,832,000		1,977,642
China Overseas Land & Investment, Ltd.		760,360		2,893,555
China Pacific Insurance (Group) Co., Ltd., Class H		282,800		1,111,186
China Petroleum & Chemical Corp., Class H		11,161,800		8,858,736
China Power International Development, Ltd.		2,268,000		580,955
China Railway Construction Corp., Ltd., Class H		947,500		1,243,602
China Railway Group, Ltd., Class H		2,265,000		2,067,980
China Resources Beer Holdings Co., Ltd.		968,000		4,082,867
China Resources Cement Holdings, Ltd.		870,000		901,407
China Resources Gas Group, Ltd.		448,000		2,114,989
China Resources Land, Ltd.		537,111		2,413,732
China Resources Medical Holdings Co., Ltd.		803,000		576,917
China Resources Pharmaceutical Group, Ltd.(3)		278,000		392,989
China Resources Power Holdings Co., Ltd.		1,087,000		1,634,841
China Shenhua Energy Co., Ltd., Class H		1,654,500		3,775,886
China Shipbuilding Industry Co., Ltd.		375,300		325,957
China South City Holdings, Ltd.		1,106,000		177,697
China Southern Airlines Co., Ltd., Class H		2,064,500		1,847,311
China State Construction Engineering Corp., Ltd.		331,520		301,454
China Taiping Insurance Holdings Co., Ltd.		277,000		827,970
China Telecom Corp., Ltd., Class H		4,679,392		2,603,723
China Unicom (Hong Kong), Ltd.		1,632,290		2,078,273
China Union Holdings, Ltd., Class A		162,700		179,628
China United Network Communications, Ltd., Class A		742,466		749,179
China Vanke Co., Ltd., Class H		723,217		3,043,949
China Yangtze Power Co., Ltd.		236,900		594,249
CIFI Holdings Group Co., Ltd.		990,000		751,927
CITIC Guoan Information Industry Co., Ltd., Class A		585,250		518,640
CITIC, Ltd.		1,289,000		1,926,950
CNOOC, Ltd.		4,024,500		7,496,355
COFCO Tunhe Sugar Co., Ltd.		116,500		155,794
COSCO SHIPPING Development Co., Ltd., Class H(1)		3,803,000		499,546
COSCO SHIPPING Energy Transportation Co., Ltd., Class H		1,778,000		1,020,275
COSCO SHIPPING Holdings Co., Ltd., Class H(1)		2,729,150		1,134,502
COSCO SHIPPING Ports, Ltd.		528,000		570,959
Country Garden Holdings Co., Ltd.		2,431,000		3,806,291
Country Garden Services Holdings Co., Ltd.(1)		279,425		521,724
CSPC Pharmaceutical Group, Ltd.		2,054,000		3,826,892
Ctrip.com International, Ltd. ADR(1)		97,000		4,237,930

6

Security	Shares		Value
Daqin Railway Co., Ltd.		164,362	$	203,857
Datang International Power Generation Co., Ltd., Class H		3,276,000		877,651
Dong-E-E-Jiao Co., Ltd., Class A		25,300		178,122
Dongfeng Motor Group Co., Ltd., Class H		1,748,000		1,753,623
Dr Peng Telecom & Media Group Co., Ltd.		312,978		492,337
East Money Information Co., Ltd., Class A		113,760		327,388
Financial Street Holdings Co., Ltd., Class A		173,966		222,164
Fullshare Holdings, Ltd.		3,655,000		489,497
Ganfeng Lithium Co., Ltd., Class A		103,400		424,806
GD Power Development Co., Ltd.		566,200		225,543
GEM Co., Ltd., Class A		217,400		163,230
Gemdale Corp.		247,101		503,808
GoerTek, Inc., Class A		307,800		479,562
Golden Eagle Retail Group, Ltd.		366,000		433,971
Great Wall Motor Co., Ltd., Class H		2,510,250		1,888,697
Gree Electric Appliances, Inc. of Zhuhai, Class A		94,600		664,506
Greentown China Holdings, Ltd.		235,500		235,694
Guangdong Baolihua New Energy Stock Co., Ltd., Class A		257,300		312,998
Guangdong Investment, Ltd.		1,517,177		2,929,397
Guanghui Energy Co., Ltd.		682,345		441,646
Guangzhou Automobile Group Co., Ltd., Class H		2,137,199		2,529,407
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H		210,000		927,446
Guangzhou R&F Properties Co., Ltd., Class H		670,400		1,454,140
Guosen Securities Co., Ltd., Class A		176,600		355,885
Guoxuan High-Tech Co., Ltd., Class A		63,830		166,759
Han’s Laser Technology Industry Group Co., Ltd., Class A		46,800		293,236
Hangzhou Hikvision Digital Technology Co., Ltd., Class A		51,300		267,162
Henan Shuanghui Investment & Development Co., Ltd., Class A		61,400		235,840
Hengan International Group Co., Ltd.		403,000		3,533,175
Hengtong Optic-electric Co., Ltd.		98,560		311,201
Hesteel Co., Ltd., Class A		284,800		145,023
Huabao International Holdings, Ltd.		492,000		249,641
Huadian Power International Corp., Ltd., Class H		2,642,000		1,088,489
Huadong Medicine Co., Ltd., Class A		44,300		214,681
Hualan Biological Engineering, Inc., Class A		30,600		204,368
Huaneng Power International, Inc., Class H		5,704,000		3,314,895
Huaneng Renewables Corp., Ltd., Class H		2,704,000		752,332
Huayi Brothers Media Corp., Class A		312,765		252,568
Huayu Automotive Systems Co., Ltd.		82,100		248,823
Hubei Energy Group Co., Ltd., Class A		272,100		169,659
Humanwell Healthcare Group Co., Ltd.		69,600		118,167
Hundsun Technologies, Inc.		22,150		287,941
Iflytek Co., Ltd., Class A		37,950		204,778
Industrial & Commercial Bank of China, Ltd., Class H		4,326,000		3,176,947
Industrial Bank Co., Ltd.		179,000		483,705
Inner Mongolia BaoTou Steel Union Co., Ltd.		737,800		200,521
Inner Mongolia Yili Industrial Group Co., Ltd., Class A		113,200		488,935
JD.com, Inc. ADR(1)		39,400		1,187,910
Jiangsu Expressway Co., Ltd., Class H		796,000		1,126,328
Jiangsu Hengrui Medicine Co., Ltd.		60,259		585,285
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A		15,400		298,733
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A		81,550		305,747

7

Security	Shares		Value
Jiangxi Copper Co., Ltd., Class H		1,415,000	$	1,879,720
Jinke Properties Group Co., Ltd., Class A		361,000		390,635
Jinyu Bio-Technology Co., Ltd.		73,710		194,801
Jizhong Energy Resources Co., Ltd., Class A		283,400		183,064
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd.		41,300		224,586
Kangde Xin Composite Material Group Co., Ltd., Class A		113,300		99,144
Kingboard Holdings., Ltd.		169,200		600,974
Kweichow Moutai Co., Ltd.		7,210		914,451
KWG Group Holdings, Ltd.		618,500		748,105
Lee & Man Paper Manufacturing, Ltd.		876,000		747,470
Lenovo Group, Ltd.		2,596,000		2,342,230
Lepu Medical Technology Beijing Co., Ltd., Class A		69,200		272,349
Leyou Technologies Holdings, Ltd.(1)		1,240,000		346,238
Li Ning Co., Ltd.(1)		1,892,312		2,975,159
Longfor Group Holdings, Ltd.		841,000		2,966,314
LONGi Green Energy Technology Co., Ltd.		94,641		367,236
Lonking Holdings, Ltd.		2,438,000		791,437
Luxshare Precision Industry Co., Ltd., Class A		121,690		446,867
Luye Pharma Group, Ltd.(3)		1,117,000		978,532
Luzhou Laojiao Co., Ltd., Class A		31,300		309,632
Maanshan Iron & Steel Co., Ltd., Class H		2,099,000		1,028,839
Midea Group Co., Ltd., Class A		96,300		698,033
MMG, Ltd.(1)		796,000		324,157
NARI Technology Co., Ltd.		85,600		268,354
NetEase, Inc. ADR		5,200		1,255,540
New Hope Liuhe Co., Ltd., Class A		147,526		292,287
New Oriental Education & Technology Group, Inc. ADR(1)		27,905		2,513,961
Nine Dragons Paper Holdings, Ltd.		759,000		724,457
Oceanwide Holdings Co., Ltd., Class A		270,200		294,745
Offshore Oil Engineering Co., Ltd.		168,800		160,999
Oriental Energy Co., Ltd., Class A		127,300		186,981
Ourpalm Co., Ltd., Class A		363,500		217,876
Perfect World Co. Ltd/China, Class A		59,700		281,609
PetroChina Co., Ltd., Class H		2,088,300		1,367,028
PICC Property & Casualty Co., Ltd., Class H		513,000		584,002
Ping An Bank Co., Ltd., Class A		161,100		307,082
Ping An Insurance (Group) Co. of China, Ltd., Class H		477,500		5,375,797
Pingdingshan Tianan Coal Mining Co., Ltd.(1)		262,515		165,432
Poly Developments and Holdings Group Co., Ltd., Class A		292,400		617,725
Poly Property Group Co., Ltd.		1,579,000		616,547
Power Construction Corp. of China, Ltd.		186,917		160,085
Qingdao Haier Co., Ltd.		135,829		345,172
Qingling Motors Co., Ltd., Class H		1,448,966		404,502
RiseSun Real Estate Development Co., Ltd., Class A		223,100		372,583
SAIC Motor Corp., Ltd.		135,500		525,110
Sanan Optoelectronics Co., Ltd.		132,000		288,005
SDIC Power Holdings Co., Ltd.		112,800		139,198
Semiconductor Manufacturing International Corp.(1)		1,241,200		1,257,874
Shandong Gold Mining Co., Ltd.		44,309		203,849
Shanghai Dazhong Public Utilities Group Co., Ltd., Class A		220,886		245,763
Shanghai Electric Group Co., Ltd., Class H		1,644,000		624,716
Shanghai Fosun Pharmaceutical Group Co., Ltd.		545,000		1,972,607

8

Security	Shares		Value
Shanghai Industrial Holdings, Ltd.		291,000	$	685,833
Shanghai Oriental Pearl Group Co., Ltd., Class A		300,595		551,950
Shanghai Pharmaceuticals Holding Co., Ltd., Class H		756,400		1,648,586
Shanghai Pudong Development Bank Co., Ltd., Class A		221,426		371,531
Shanxi Lu’an Environmental Energy Development Co., Ltd.		152,200		177,505
Shanxi Xishan Coal & Electricity Power Co., Ltd., Class A		232,100		215,113
Shenergy Co., Ltd.		227,799		190,364
Shenwan Hongyuan Group Co., Ltd., Class A		357,100		292,964
Shenzhen Energy Group Co., Ltd., Class A		241,960		233,457
Shenzhen Inovance Technology Co., Ltd., Class A		60,600		238,630
Shenzhen Investment, Ltd.		1,384,000		529,602
Shenzhen Overseas Chinese Town Co., Ltd., Class A		176,600		202,109
Shenzhen Salubris Pharmaceuticals Co., Ltd., Class A		56,300		227,534
Shenzhen Sunway Communication Co., Ltd., Class A		52,400		224,547
Shenzhen World Union Properties Consultancy, Inc., Class A		291,100		260,836
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd., Class A		219,739		164,657
Shimao Property Holdings, Ltd.		214,500		672,210
Shui On Land, Ltd.		1,556,500		385,378
Siasun Robot & Automation Co., Ltd., Class A		69,900		198,700
Sichuan Chuantou Energy Co., Ltd.		152,000		211,083
Sihuan Pharmaceutical Holdings Group, Ltd.		928,000		224,955
SINA Corp.(1)		8,700		515,388
Sino Biopharmaceutical, Ltd.		3,257,500		2,977,014
Sino-Ocean Group Holding, Ltd.		1,881,500		826,867
Sinopec Oilfield Service Corp., Class H(1)		4,801,500		550,645
Sinopec Shanghai Petrochemical Co., Ltd., Class H		3,662,000		1,746,012
Sinopharm Group Co., Ltd., Class H		756,800		3,155,384
SOHO China, Ltd.(1)		381,500		160,737
Sun Art Retail Group, Ltd.		1,281,000		1,249,712
Sunac China Holdings, Ltd.		750,000		3,745,267
Suning.com Co., Ltd, Class A		138,200		257,764
Tasly Pharmaceutical Group Co., Ltd.		82,976		277,505
TBEA Co., Ltd.		168,219		206,862
TCL Corp., Class A		372,800		225,151
Tencent Holdings, Ltd.		242,900		11,170,433
Tencent Music Entertainment Group ADR(1)		62		1,122
Tianqi Lithium Corp., Class A		31,855		166,745
Tibet Water Resources, Ltd.(1)		528,000		164,080
Tingyi (Cayman Islands) Holding Corp.		1,198,000		1,977,532
Tonghua Dongbao Pharmaceutical Co., Ltd.		106,833		275,226
Tongling Nonferrous Metals Group Co., Ltd., Class A		443,200		168,724
TravelSky Technology, Ltd., Class H		984,000		2,605,770
Tsingtao Brewery Co., Ltd., Class H		544,000		2,566,513
Uni-President China Holdings, Ltd.		290,000		284,596
United Laboratories International Holdings, Ltd. (The)		362,000		214,170
Wanhua Chemical Group Co., Ltd.(1)		52,720		356,788
Want Want China Holdings, Ltd.		3,646,000		3,033,013
Weichai Power Co., Ltd., Class H		907,200		1,456,060
Wens Foodstuffs Group Co., Ltd., Class A		75,028		452,712
Western Mining Co., Ltd.		274,000		263,023
Western Securities Co., Ltd., Class A		166,539		284,587
WH Group, Ltd.(3)		3,991,500		4,269,414

9

Security	Shares		Value
Wintime Energy Co., Ltd.(1)		659,389	$	212,409
Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd., Class A		133,400		276,264
Wuliangye Yibin Co., Ltd., Class A		31,400		443,290
Xinhu Zhongbao Co., Ltd.		301,800		176,520
Xinjiang Zhongtai Chemical Co., Ltd., Class A		104,700		141,884
Yang Quan Coal Industry Group Co., Ltd.		189,257		171,559
Yango Group Co., Ltd., Class A		259,600		322,045
Yangzijiang Shipbuilding Holdings, Ltd.		919,000		1,020,512
Yanzhou Coal Mining Co., Ltd., Class H		1,652,000		1,625,647
Yonghui Superstores Co., Ltd.		140,200		180,409
Youngor Group Co., Ltd.		201,880		273,494
Yuexiu Property Co., Ltd.		3,386,000		816,293
Yunnan Baiyao Group Co., Ltd., Class A		19,521		248,132
Yunnan Chihong Zinc & Germanium Co., Ltd.		222,100		169,068
Zhaojin Mining Industry Co., Ltd., Class H		409,500		409,928
Zhejiang China Commodities City Group Co., Ltd.		354,157		250,562
Zhejiang Dahua Technology Co., Ltd., Class A		94,600		230,938
Zhejiang Expressway Co., Ltd., Class H		870,000		998,691
Zhejiang Huahai Pharmaceutical Co., Ltd.		70,080		162,043
Zhejiang Longsheng Group Co., Ltd.		155,000		395,997
Zhejiang Zheneng Electric Power Co., Ltd.		246,600		178,517
Zhongjin Gold Corp., Ltd.		120,570		152,719
Zhuzhou CRRC Times Electric Co., Ltd., Class H		165,500		979,766
Zijin Mining Group Co., Ltd., Class H		7,732,000		3,201,275
ZTE Corp., Class H(1)		708,739		2,137,465
			$	311,124,884
Colombia — 1.5%
Almacenes Exito SA		519,955	$	2,368,154
Avianca Holdings SA, PFC Shares		554,449		291,309
Banco Davivienda SA, PFC Shares		102,055		1,197,246
Banco de Bogota SA		29,067		601,758
Bancolombia SA		86,292		1,071,873
Bancolombia SA ADR, PFC Shares		74,600		3,809,076
Bolsa de Valores de Colombia		67,023		253,541
Celsia SA ESP		773,260		1,074,501
Cementos Argos SA		409,358		1,011,829
Cementos Argos SA, PFC Shares		190,626		391,653
Cemex Latam Holdings SA(1)		206,452		310,841
Corporacion Financiera Colombiana SA(1)		115,019		956,077
Ecopetrol SA		3,309,500		3,545,118
Ecopetrol SA ADR		202,000		4,330,880
Empresa de Telecommunicaciones de Bogota SA(1)		1,017,738		91,302
Grupo Argos SA		396,460		2,250,897
Grupo Argos SA, PFC Shares		140,122		650,498
Grupo Aval Acciones y Valores SA		1,276,356		488,438
Grupo Aval Acciones y Valores SA, PFC Shares		1,817,548		704,094
Grupo de Inversiones Suramericana SA		194,054		2,230,261
Grupo Energia Bogota SA ESP(1)		2,027,382		1,319,566
Grupo Nutresa SA		426,615		3,449,822
Interconexion Electrica SA		945,400		4,732,886
Odinsa SA(2)		53,817		177,250
			$	37,308,870

10

Security	Shares		Value
Croatia — 0.7%
AD Plastik DD		44,076	$	1,168,239
Adris Grupa DD, PFC Shares		45,976		3,064,358
Atlantic Grupa DD		12,702		2,186,365
Atlantska Plovidba DD(1)		8,767		375,927
Ericsson Nikola Tesla DD		5,610		940,446
Hrvatski Telekom DD		229,761		5,667,824
Koncar-Elektroindustrija DD		6,024		593,075
Kras DD		3,067		181,310
Ledo DD(1)(2)		983		0
Petrokemija DD(1)		1,183		3,798
Podravka Prehrambena Industrija DD		40,146		2,244,343
Privredna Banka Zagreb DD		3,310		394,728
Valamar Riviera DD		263,029		1,329,138
Zagrebacka Banka DD		30,550		293,605
			$	18,443,156
Czech Republic — 0.7%
CEZ AS		348,557	$	8,191,043
Komercni Banka AS		197,111		8,057,060
New World Resources PLC, Class A(1)(2)		860,500		0
O2 Czech Republic AS		29,400		318,975
Philip Morris CR AS		2,867		1,968,727
			$	18,535,805
Egypt — 0.7%
Alexandria Mineral Oils Co.		699,616	$	240,317
Commercial International Bank Egypt SAE		1,187,236		4,700,166
Eastern Tobacco		2,141,120		2,274,737
Egypt Kuwait Holding Co. SAE		594,062		938,619
Egyptian Financial Group-Hermes Holding Co.(1)		591,772		580,998
Egyptian International Pharmaceuticals EIPICO		106,780		462,215
Egyptian Resorts Co.(1)		2,375,648		264,892
ElSewedy Electric Co.		1,970,057		1,771,144
Ezz Steel Co SAE(1)		740,231		774,840
Global Telecom Holding SAE(1)		5,506,966		1,458,450
Juhayna Food Industries		1,017,936		778,503
Maridive & Oil Services SAE(1)		503,561		180,751
Medinet Nasr Housing(1)		1,701,505		701,125
Orascom Investment Holding(1)		8,189,110		311,583
Oriental Weavers Co.		756,427		507,738
Sidi Kerir Petrochemicals Co.		342,234		333,903
Six of October Development & Investment Co.(1)		275,153		267,159
Talaat Moustafa Group		2,277,506		1,485,399
Telecom Egypt		945,777		797,973
			$	18,830,512
Estonia — 0.4%
AS Baltika(1)		226,000	$	31,713
AS Merko Ehitus		75,000		841,409
AS Tallink Grupp		5,354,470		6,220,782
AS Tallinna Kaubamaja Grupp		202,800		2,166,298

11

Security	Shares		Value
AS Tallinna Vesi		35,235	$	418,977
Nordecon AS		223,282		243,134
			$	9,922,313
Ghana — 0.2%
Aluworks, Ltd.(1)		5,176,100	$	88,902
CAL Bank, Ltd.(1)		5,036,062		1,000,649
Ghana Commercial Bank, Ltd.		1,588,070		1,208,941
Societe Generale Ghana, Ltd.		1,345,362		231,252
Standard Chartered Bank of Ghana, Ltd.(1)		283,150		1,051,535
Unilever Ghana, Ltd.		249,000		840,613
			$	4,421,892
Greece — 1.5%
Aegean Airlines SA		64,124	$	594,743
Alpha Bank AE(1)		1,763,300		2,446,768
Athens Water Supply & Sewage Co. SA		210,831		1,296,011
Costamare, Inc.		34,966		181,823
Diana Shipping, Inc.(1)		226,620		639,068
Eurobank Ergasias SA(1)		2,774,000		2,213,881
FF Group(1)(2)		43,721		0
GasLog, Ltd.		61,116		1,067,085
GEK Terna Holding Real Estate Construction SA(1)		120,661		666,065
Grivalia Properties REIC AE		33,405		404,031
Hellenic Exchanges - Athens Stock Exchange SA		114,224		549,837
Hellenic Petroleum SA		114,019		1,095,175
Hellenic Telecommunications Organization SA		456,255		6,110,147
Holding Co. ADMIE IPTO SA		836,265		1,618,233
JUMBO SA		161,400		2,703,706
LAMDA Development SA(1)		39,369		283,051
Marfin Investment Group Holdings SA(1)		578,215		52,348
Motor Oil (Hellas) Corinth Refineries SA		112,500		2,613,689
Mytilineos Holdings SA		240,653		2,433,907
National Bank of Greece SA(1)		121,470		212,460
Navios Maritime Holdings, Inc.(1)		17,621		41,938
OPAP SA		308,501		3,188,528
Piraeus Bank SA(1)		169,722		232,687
Public Power Corp. SA(1)		341,426		595,391
Star Bulk Carriers Corp.(1)		62,600		411,908
StealthGas, Inc.(1)		81,587		285,555
Terna Energy SA		5,946		43,086
Titan Cement Co. SA		193,774		4,183,619
Tsakos Energy Navigation, Ltd.		159,400		494,140
Viohalco SA(1)		184,517		686,910
			$	37,345,790
Hungary — 0.7%
Magyar Telekom Telecommunications PLC		922,636	$	1,490,072
MOL Hungarian Oil & Gas PLC		498,636		5,718,152
OTP Bank Nyrt		141,678		6,245,993
Richter Gedeon Nyrt.		268,005		5,063,249
			$	18,517,466

12

Security	Shares		Value
India — 6.1%
ABB India, Ltd.		33,400	$	633,202
ACC, Ltd.		33,034		796,808
Adani Enterprises, Ltd.		207,300		437,866
Adani Gas, Ltd.(1)		119,200		221,869
Adani Ports and Special Economic Zone, Ltd.		451,245		2,472,680
Adani Power, Ltd.(1)		518,864		358,898
Aditya Birla Fashion and Retail, Ltd.(1)		137,831		436,117
Ambuja Cements, Ltd.		238,323		809,388
Apollo Hospitals Enterprise, Ltd.		61,400		1,092,486
Ashok Leyland, Ltd.		820,626		1,078,399
Asian Paints, Ltd.		86,989		1,869,559
Aurobindo Pharma, Ltd.		142,400		1,616,408
Axis Bank, Ltd.(1)		157,800		1,763,676
Bajaj Auto, Ltd.		23,052		963,676
Bajaj Holdings & Investment, Ltd.		11,100		545,152
Bharat Forge, Ltd.		139,872		1,034,218
Bharat Heavy Electricals, Ltd.		555,450		601,117
Bharat Petroleum Corp., Ltd.		141,600		814,710
Bharti Airtel, Ltd.		1,131,005		5,410,449
Bharti Infratel, Ltd.		588,600		2,655,237
Biocon, Ltd.		79,799		705,729
Bosch, Ltd.		3,900		1,024,029
Cadila Healthcare, Ltd.		153,669		765,413
Century Textiles & Industries, Ltd.		50,000		674,895
CESC, Ltd.		24,742		261,470
Cipla, Ltd.		180,487		1,374,010
Coal India, Ltd.		302,500		1,032,181
Colgate-Palmolive (India), Ltd.		18,900		343,399
Container Corp. of India, Ltd.		218,437		1,658,251
Cummins India, Ltd.		79,700		862,222
Dabur India, Ltd.		142,300		839,836
Divi’s Laboratories, Ltd.		49,800		1,228,093
DLF, Ltd.		576,442		1,679,064
Dr. Reddy’s Laboratories, Ltd.		24,300		977,261
Dr. Reddy’s Laboratories, Ltd. ADR		12,700		514,350
Eicher Motors, Ltd.		4,779		1,414,719
GAIL (India), Ltd.		514,228		2,599,805
GlaxoSmithKline Pharmaceuticals, Ltd.		16,000		298,996
Glenmark Pharmaceuticals, Ltd.		114,000		1,061,742
Godrej Consumer Products, Ltd.		43,125		426,114
Grasim Industries, Ltd.		39,759		493,659
Great Eastern Shipping Co., Ltd. (The)		36,164		148,435
Havells India, Ltd.		119,300		1,331,968
HCL Technologies, Ltd.		99,291		1,559,331
HDFC Bank, Ltd.		142,131		4,763,096
Hero MotoCorp, Ltd.		31,338		1,154,357
Hindalco Industries, Ltd.		436,910		1,292,228
Hindustan Petroleum Corp., Ltd.		139,450		573,218
Hindustan Unilever, Ltd.		298,009		7,338,790
Hindustan Zinc, Ltd.		193,759		773,892
Housing Development & Infrastructure, Ltd.(1)		785,700		290,808

13

Security	Shares		Value
Housing Development Finance Corp., Ltd.		119,859	$	3,396,995
ICICI Bank, Ltd.		316,326		1,821,003
Indiabulls Real Estate, Ltd.(1)		834,325		1,106,456
Indian Hotels Co., Ltd. (The)		208,584		463,516
Indian Oil Corp., Ltd.		457,990		1,078,893
Infosys, Ltd.		595,470		6,375,961
ITC, Ltd.		769,250		3,291,579
Jindal Steel & Power, Ltd.(1)		90,000		233,500
JSW Energy, Ltd.(1)		1,072,483		1,124,840
JSW Steel, Ltd.		289,100		1,221,848
Kotak Mahindra Bank, Ltd.		93,299		1,797,650
Larsen & Toubro, Ltd.		107,049		2,136,094
Larsen & Toubro, Ltd. GDR(4)		55,759		1,111,330
LIC Housing Finance, Ltd.		62,800		481,345
Lupin, Ltd.		97,200		1,035,940
Mahindra & Mahindra, Ltd.		168,585		1,642,089
Maruti Suzuki India, Ltd.		28,553		2,748,555
Mphasis, Ltd.		34,428		497,293
Nestle India, Ltd.		6,300		996,006
NHPC, Ltd.		1,887,800		674,486
NTPC, Ltd.		1,957,692		3,819,375
Oberoi Realty, Ltd.		69,496		523,755
Oil & Natural Gas Corp., Ltd.		509,063		1,175,859
Omaxe, Ltd.		79,785		236,398
Oracle Financial Services Software, Ltd.		8,100		396,599
Petronet LNG, Ltd.		111,100		401,595
Phoenix Mills, Ltd. (The)		30,232		287,084
Piramal Enterprises, Ltd.		43,598		1,733,830
Power Grid Corporation of India, Ltd.		1,419,700		4,051,683
Reliance Communications, Ltd.(1)		4,956,415		297,599
Reliance Industries, Ltd.		519,137		10,215,269
Reliance Infrastructure, Ltd.		171,400		336,701
Reliance Power, Ltd.(1)		546,400		89,024
Siemens, Ltd.		72,300		1,179,565
State Bank of India GDR(1)(4)		23,880		1,105,250
Sun Pharmaceutical Industries, Ltd.		473,300		3,267,512
Tata Chemicals, Ltd.		58,600		501,686
Tata Communications, Ltd.		167,800		1,486,566
Tata Consultancy Services, Ltd.		158,085		4,565,216
Tata Global Beverages, Ltd.		58,700		172,945
Tata Motors, Ltd.(1)		481,916		1,210,130
Tata Power Co., Ltd. (The)		1,002,648		1,066,097
Tata Steel, Ltd.		120,340		904,046
Tech Mahindra, Ltd.		76,867		862,253
Titan Co., Ltd.		114,848		1,898,755
UltraTech Cement, Ltd.		34,391		1,986,019
Unitech, Ltd.(1)		2,242,680		43,620
United Spirits, Ltd.(1)		107,665		866,399
UPL, Ltd.		138,500		1,915,604
Vedanta, Ltd.		587,914		1,569,351
Vodafone Idea, Ltd.(1)		2,831,552		733,230
Voltas, Ltd.		160,095		1,448,270

14

Security	Shares		Value
Wipro, Ltd.		334,056	$	1,229,365
Zee Entertainment Enterprises, Ltd.		557,395		3,569,781
			$	153,455,086
Indonesia — 2.9%
Adaro Energy Tbk PT		22,969,600	$	2,175,223
AKR Corporindo Tbk PT		3,693,300		1,225,922
Alam Sutera Realty Tbk PT(1)		12,514,600		272,729
Aneka Tambang Tbk		8,587,500		535,132
Astra Argo Lestari Tbk PT		654,000		515,901
Astra International Tbk PT		14,916,500		7,659,277
Bank Central Asia Tbk PT		3,787,000		7,389,885
Bank Danamon Indonesia Tbk PT		2,260,281		1,477,761
Bank Mandiri Persero Tbk PT		6,199,200		3,252,991
Bank Negara Indonesia Persero Tbk PT		2,456,800		1,626,024
Bank Pan Indonesia Tbk PT(1)		3,629,372		366,587
Bank Rakyat Indonesia Persero Tbk PT		17,541,500		5,093,353
Bukit Asam Tbk PT		4,892,300		1,445,320
Bumi Serpong Damai Tbk PT(1)		8,439,700		834,646
Charoen Pokphand Indonesia Tbk PT		2,941,900		1,323,494
Ciputra Development Tbk PT		7,986,900		561,886
Gudang Garam Tbk PT		276,100		1,615,356
Hanson International Tbk PT(1)		110,720,800		793,214
Indah Kiat Pulp & Paper Corp. Tbk PT		2,136,200		1,292,184
Indo Tambangraya Megah Tbk PT		789,800		1,329,685
Indocement Tunggal Prakarsa Tbk PT		1,829,200		2,819,799
Indofood CBP Sukses Makmur Tbk PT		1,367,200		896,734
Indofood Sukses Makmur Tbk PT		2,312,500		1,035,962
Jasa Marga (Persero) Tbk PT		3,247,500		1,364,765
Kalbe Farma Tbk PT		28,917,400		3,086,087
Lippo Karawaci Tbk PT		26,506,000		536,597
Mitra Keluarga Karyasehat Tbk PT(1)		935,900		128,248
Pakuwon Jati Tbk PT		21,726,100		1,053,654
Perusahaan Gas Negara Persero Tbk PT		12,436,900		2,057,417
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		3,674,800		268,686
PP Persero Tbk PT		4,793,002		702,597
Semen Indonesia Persero Tbk PT		2,608,400		2,561,422
Sigmagold Inti Perkasa Tbk PT(1)(2)		27,503,000		30,902
Summarecon Agung Tbk PT		3,982,700		263,314
Telekomunikasi Indonesia Persero Tbk PT		31,724,000		8,768,826
Unilever Indonesia Tbk PT		601,800		2,082,556
United Tractors Tbk PT		2,041,500		3,885,339
Vale Indonesia Tbk PT(1)		4,748,000		1,132,714
Waskita Karya Persero Tbk PT		1,713,400		239,527
Wijaya Karya Persero Tbk PT		4,794,600		729,562
			$	74,431,278
Jordan — 0.7%
Al-Eqbal Investment Co. PLC(1)		96,721	$	1,676,825
Alia The Royal Jordanian Airlines PLC(1)		115,334		58,507
Arab Bank PLC		979,092		8,917,211
Arab Potash Co. PLC		67,492		1,645,445

15

Security	Shares		Value
Bank of Jordan		244,874	$	815,450
Cairo Amman Bank		248,408		427,421
Capital Bank of Jordan		359,814		523,176
Jordan Ahli Bank		364,735		570,877
Jordan Islamic Bank		190,362		862,482
Jordan Kuwait Bank		51,749		216,064
Jordan Petroleum Refinery		325,755		1,179,496
Jordan Phosphate Mines(1)		20,318		87,893
Jordan Steel(1)		269,400		143,997
Jordan Telecommunications Co.		245,934		520,082
Jordanian Electric Power Co.		494,491		879,304
			$	18,524,230
Kazakhstan — 0.7%
Halyk Savings Bank of Kazakhstan JSC GDR(4)		627,568	$	7,282,497
KAZ Minerals PLC		929,712		7,913,891
Kcell JSC GDR(4)		544,503		2,665,660
Nostrum Oil & Gas PLC(1)		494,453		596,116
			$	18,458,164
Kenya — 0.7%
ARM Cement, Ltd.(1)(2)		1,677,000	$	46,167
Bamburi Cement Co., Ltd.		460,041		593,603
Barclays Bank of Kenya, Ltd.		4,319,920		508,371
British American Tobacco Kenya, Ltd.		26,700		142,944
Centum Investment Co., Ltd.		1,020,080		330,757
Co-operative Bank of Kenya, Ltd. (The)		4,853,092		711,978
Diamond Trust Bank Kenya, Ltd.		436,900		561,755
East African Breweries, Ltd.		1,968,040		4,029,747
Equity Group Holdings PLC		5,584,500		2,352,857
KCB Group, Ltd.		4,698,460		2,055,775
Kenya Airways PLC(1)		599,600		29,771
Kenya Electricity Generating Co. PLC		1,875,100		107,894
Kenya Power & Lighting, Ltd.(1)		5,995,293		245,914
Nation Media Group PLC		442,376		267,536
NIC Group PLC		938,272		339,967
Safaricom PLC		17,581,500		4,817,313
Standard Chartered Bank Kenya, Ltd.		229,478		512,374
			$	17,654,723
Kuwait — 1.5%
Abyaar Real Estate Development Co. KSC(1)		6,370,482	$	311,674
Agility Public Warehousing Co. KSC		1,447,007		4,090,143
Ahli United Bank		347,787		382,083
Al-Mazaya Holding Co.		2,215,009		434,946
ALAFCO Aviation Lease and Finance Co. KSCP		361,135		328,917
Boubyan Petrochemicals Co. KSCP		1,400,393		4,395,484
Burgan Bank SAK		455,532		534,761
Combined Group Contracting Co. KSC		183,221		165,463
Commercial Bank of Kuwait KSCP		1,153,013		2,063,844
Commercial Real Estate Co. KSCC		1,287,729		398,053
Gulf Bank KSCP		844,008		863,061

16

Security	Shares		Value
Gulf Cable & Electrical Industries Co. KSCP		165,000	$	214,420
Gulf National Holding Co.(2)		340,657		0
Humansoft Holding Co. KSC		74,234		786,152
Kuwait Finance House KSCP		1,624,771		3,731,171
Kuwait International Bank KSCP		340,800		345,013
Kuwait Portland Cement Co. KSC		212,231		910,235
Kuwait Projects Co. Holdings KSC		382,496		277,101
Kuwait Real Estate Co. KSC(1)		3,187,354		638,676
Mabanee Co. SAKC		1,213,414		2,311,675
Mezzan Holding Co. KSCC		217,400		345,218
Mobile Telecommunications Co.		3,164,347		5,027,306
National Bank of Kuwait SAK		2,007,176		5,937,076
National Industries Group Holding SAK		1,875,275		1,210,382
National Investment Co.		645,000		210,918
National Real Estate Co. KPSC(1)		1,711,537		500,691
Qurain Petrochemical Industries Co.		1,018,495		1,301,493
Salhia Real Estate Co. KSCP		243,824		259,590
Sultan Center Food Products Co.(1)		2,132,359		379,701
VIVA Kuwait Telecom Co.		209,914		586,282
			$	38,941,529
Latvia — 0.0%(5)
Grindeks		12,000	$	100,985
			$	100,985
Lebanon — 0.0%(5)
Bank Audi SAL GDR(4)		15,000	$	75,000
			$	75,000
Lithuania — 0.1%
Apranga PVA		363,680	$	656,711
Energijos Skirstymo Operatorius AB		370,141		286,546
Klaipedos Nafta AB		1,576,663		726,990
Panevezio Statybos Trestas		323,592		307,812
Pieno Zvaigzdes(1)		94,000		103,325
Rokiskio Suris		177,000		533,290
Siauliu Bankas		1,784,952		919,375
			$	3,534,049
Malaysia — 3.0%
Aeon Co. (M) Bhd		1,017,000	$	366,844
Alliance Bank Malaysia Bhd		330,800		331,848
AMMB Holdings Bhd		276,900		309,634
Astro Malaysia Holdings Bhd		599,200		224,852
Axiata Group Bhd		2,471,675		2,517,511
Batu Kawan Bhd		100,300		417,257
Berjaya Corp. Bhd(1)		2,573,043		170,408
Berjaya Sports Toto Bhd		468,894		278,207
Boustead Holdings Bhd		577,500		179,849
British American Tobacco Malaysia Bhd		62,600		554,651
Bumi Armada Bhd(1)		4,001,700		186,476
Bursa Malaysia Bhd		336,900		567,097

17

Security	Shares		Value
Capitaland Malaysia Mall Trust		1,763,200	$	479,472
CIMB Group Holdings Bhd		641,366		810,471
Datasonic Group Bhd		1,594,400		201,571
Dialog Group Bhd		2,846,250		2,209,495
Digi.com Bhd		1,971,300		2,199,911
Eco World Development Group Bhd(1)		738,100		168,338
Fraser & Neave Holdings Bhd		45,500		388,711
Gamuda Bhd		1,487,900		1,052,625
Genting Bhd		1,560,000		2,540,592
Genting Malaysia Bhd		2,380,000		1,869,469
Genting Plantations Bhd		199,400		518,017
Globetronics Technology Bhd		839,766		358,810
Hartalega Holdings Bhd		1,018,200		1,156,297
Hong Leong Bank Bhd		108,500		540,401
Hong Leong Financial Group Bhd		66,200		311,174
IGB Real Estate Investment Trust		1,938,000		878,363
IHH Healthcare Bhd		2,144,900		3,036,826
IJM Corp. Bhd		1,497,540		816,047
Inari Amertron Bhd		3,678,750		1,420,281
IOI Corp. Bhd		1,130,768		1,236,129
IOI Properties Group Bhd		2,239,484		724,884
KLCCP Stapled Group		515,300		979,975
KNM Group Bhd(1)		7,927,875		223,755
Kossan Rubber Industries		430,700		371,611
KPJ Healthcare Bhd		1,612,800		387,502
Kuala Lumpur Kepong Bhd		173,350		1,053,365
Lafarge Malaysia Bhd(1)		895,660		548,907
LBS Bina Group Bhd		1,814,340		282,498
Magnum Bhd		617,940		360,603
Mah Sing Group Bhd		1,024,700		233,725
Malakoff Corp. Bhd		749,800		167,396
Malayan Banking Bhd		848,386		1,927,807
Malaysian Resources Corp. Bhd		853,000		185,421
Maxis Bhd		1,255,300		1,650,297
Media Prima Bhd(1)		567,300		66,872
MISC Bhd		314,240		515,806
MMC Corp. Bhd		662,000		160,792
Muhibbah Engineering (M) Bhd		1,581,000		1,135,517
My EG Services Bhd		8,886,600		3,081,527
Nestle Malaysia Bhd		18,600		668,992
Pavilion Real Estate Investment Trust		771,100		343,758
Petronas Chemicals Group Bhd		1,596,500		3,584,694
Petronas Dagangan Bhd		588,000		3,607,274
Petronas Gas Bhd		268,500		1,160,437
PPB Group Bhd		281,060		1,260,948
Press Metal Aluminium Holdings Bhd		2,232,800		2,472,313
Public Bank Bhd		347,998		1,975,729
QL Resources Bhd		339,170		571,922
RHB Bank Bhd		233,159		325,949
Silverlake Axis, Ltd.		1,586,300		632,325
Sime Darby Bhd		1,019,709		557,491
Sime Darby Plantation Bhd		1,019,709		1,254,747

18

Security	Shares		Value
Sime Darby Property Bhd		1,019,709	$	277,546
Sona Petroleum Bhd(2)		1,449,600		0
SP Setia Bhd Group		2,486,760		1,384,573
Sunway Bhd		1,363,189		561,244
Sunway Real Estate Investment Trust		2,043,200		901,007
Supermax Corp. Bhd		698,000		252,139
Ta Ann Holdings Bhd		427,078		251,327
Telekom Malaysia Bhd		1,280,400		1,005,245
Tenaga Nasional Bhd		1,515,431		4,708,173
Top Glove Corp. Bhd		1,285,200		1,456,531
UEM Sunrise Bhd		2,038,500		410,247
UMW Holdings Bhd		549,600		772,615
UOA Development Bhd		377,700		199,166
Velesto Energy Bhd(1)		3,181,847		222,739
VS Industry Bhd		850,875		223,462
YTL Corp. Bhd		2,679,048		696,061
YTL Power International Bhd		2,374,522		500,446
			$	74,594,994
Mauritius — 0.7%
Alteo, Ltd.		901,317	$	554,104
Attitude Property, Ltd.		1,092,500		406,737
CIEL, Ltd.		7,678,024		1,389,246
CIM Financial Services, Ltd.		2,649,077		499,940
ENL, Ltd.(1)		1,075,117		1,169,609
IBL, Ltd.		309,981		460,398
Lavastone, Ltd.(1)		2,649,077		236,619
MCB Group, Ltd.		1,042,606		8,208,937
Phoenix Beverages, Ltd.		33,742		554,716
Rogers & Co., Ltd.		608,300		668,867
SBM Holdings, Ltd.		15,114,956		2,584,038
Sun, Ltd., Class A		100,851		128,196
Terra Mauricia, Ltd.		584,124		334,506
United Basalt Products, Ltd.		187,150		691,542
			$	17,887,455
Mexico — 5.8%
Alfa SAB de CV, Series A		5,496,920	$	5,828,189
Alsea SAB de CV		1,398,400		2,927,885
America Movil SAB de CV, Series L		41,602,890		29,728,215
Arca Continental SAB de CV		213,000		1,185,147
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand		652,200		890,757
Bolsa Mexicana de Valores SAB de CV		766,900		1,592,255
Cemex SAB de CV, Series CPO(1)		12,220,018		5,703,861
Coca-Cola Femsa SAB de CV, Series L		192,600		1,272,672
Controladora Vuela Cia de Aviacion SAB de CV(1)		363,200		308,744
El Puerto de Liverpool SAB de CV		262,181		1,654,920
Empresas ICA SAB de CV(1)(2)		2,075,736		0
Fibra Uno Administracion SA de CV		2,059,767		2,838,643
Fomento Economico Mexicano SAB de CV, Series UBD		1,139,100		10,500,008
Genomma Lab Internacional SAB de CV(1)		2,039,300		1,472,984
Gentera SAB de CV		2,038,862		1,585,061

19

Security	Shares		Value
Grupo Aeroportuario del Centro Norte SAB de CV		143,800	$	810,707
Grupo Aeroportuario del Pacifico SAB de CV, Class B		370,800		3,287,297
Grupo Aeroportuario del Sureste SAB de CV, Class B		260,494		4,209,722
Grupo Bimbo SAB de CV, Series A		1,312,108		2,737,072
Grupo Carso SAB de CV, Series A1		972,200		3,806,106
Grupo Comercial Chedraui SA de CV		56,308		109,656
Grupo Elektra SAB de CV		110,870		5,999,298
Grupo Financiero Banorte SAB de CV, Class O		1,973,100		10,719,254
Grupo Financiero Inbursa SAB de CV, Class O		3,006,516		4,160,432
Grupo Mexico SAB de CV, Series B		3,812,235		10,436,866
Grupo Sanborns SAB de CV		223,900		215,707
Grupo Televisa SAB, Series CPO		4,153,171		9,179,224
Impulsora del Desarrollo y el Empleo en America Latina SA de CV, Series B1(1)		1,134,930		1,988,002
Industrias CH SAB de CV, Series B(1)		194,112		861,442
Industrias Penoles SAB de CV		112,429		1,403,056
Infraestructura Energetica Nova SAB de CV		250,400		1,006,231
Kimberly-Clark de Mexico SAB de CV, Class A		633,710		1,072,820
Megacable Holdings SAB de CV, Series CPO		40,500		187,829
Mexichem SAB de CV		1,247,467		2,982,057
Minera Frisco SAB de CV(1)		873,200		198,841
Nemak SAB de CV(3)		325,400		188,264
Organizacion Soriana SAB de CV, Class B(1)		166,700		193,236
Promotora y Operadora de Infraestructura SAB de CV		352,255		3,492,742
Telesites SAB de CV(1)		2,436,230		1,573,927
Ternium SA ADR		40,022		1,089,399
TV Azteca SAB de CV, Series CPO		1,018,565		109,674
Wal-Mart de Mexico SAB de CV, Series V		2,523,064		6,744,982
			$	146,253,184
Morocco — 0.7%
Attijariwafa Bank		69,194	$	3,042,472
Banque Centrale Populaire		67,410		1,854,167
BMCE Bank		46,412		855,264
Cosumar		74,043		1,360,909
Delta Holding SA		35,000		117,616
Douja Promotion Groupe Addoha SA		372,601		447,367
Label Vie		5,348		1,154,904
LafargeHolcim Maroc SA		12,159		1,882,314
Lesieur Cristal		38,360		584,514
Managem SA		8,618		844,138
Maroc Telecom		226,171		3,357,409
Marocaine Pour Le Commerce et L’Industrie Banque		3,030		221,903
Samir(1)(2)		19,247		0
Societe d’Exploitation des Ports		28,600		532,454
Sonasid(1)		5,872		203,667
Taqa Morocco		14,348		1,327,958
Wafa Assurance		716		234,014
			$	18,021,070
Nigeria — 0.7%
Access Bank PLC		32,908,148	$	586,624
Afriland Properties PLC(1)(2)		1,223,812		0

20

Security	Shares		Value
Dangote Cement PLC		4,680,691	$	2,476,745
Dangote Sugar Refinery PLC		4,385,654		174,550
Ecobank Transnational, Inc.(1)		12,099,560		441,723
FBN Holdings PLC		55,335,508		1,260,797
Flour Mills of Nigeria PLC		2,929,523		143,782
Forte Oil PLC(1)		2,086,402		143,910
Guaranty Trust Bank PLC		29,136,638		2,913,614
Guiness Nigeria PLC		1,245,140		206,866
Lafarge Africa PLC		6,063,228		204,971
Lekoil, Ltd.(1)		1,110,205		105,683
Nestle Nigeria PLC		496,712		2,173,971
Nigerian Breweries PLC		9,809,462		1,698,597
Oando PLC(1)		14,592,401		227,781
SEPLAT Petroleum Development Co. PLC(3)		728,540		1,164,160
Stanbic IBTC Holdings PLC		3,126,624		399,448
Transnational Corp. of Nigeria PLC		22,334,373		74,784
Unilever Nigeria PLC		2,074,728		213,257
United Bank for Africa PLC		44,535,174		952,006
Zenith Bank PLC		35,666,195		2,157,501
			$	17,720,770
Oman — 0.7%
Al Maha Petroleum Products Marketing Co., LLC		36,500	$	78,148
Bank Dhofar SAOG		2,283,543		789,803
Bank Muscat SAOG		3,592,647		3,735,075
Bank Nizwa SAOG(1)		941,624		220,259
Dhofar International Development & Investment Holding SAOG		316,407		236,602
HSBC Bank Oman SAOG		2,331,977		745,421
National Bank of Oman SAOG		2,801,885		1,276,109
Oman Cables Industry SAOG		192,264		449,089
Oman Cement Co. SAOG		956,735		637,958
Oman Flour Mills Co. SAOG		543,700		736,777
Oman Telecommunications Co. SAOG		1,348,933		2,289,500
Ominvest		813,509		647,841
Ooredoo		1,374,678		1,786,228
Raysut Cement Co. SAOG		523,326		423,961
Renaissance Services SAOG(1)		1,561,017		1,451,393
Sembcorp Salalah Power & Water Co.		554,425		168,273
Shell Oman Marketing Co. SAOG		66,100		182,348
Sohar International Bank SAOG		3,976,382		1,167,941
			$	17,022,726
Pakistan — 0.7%
Bank Alfalah, Ltd.		1,623,333	$	553,610
Engro Corp., Ltd.		407,516		947,084
Engro Fertilizers, Ltd.		845,500		429,198
Engro Foods, Ltd.		380,600		184,285
Fauji Cement Co., Ltd.		1,178,000		167,102
Fauji Fertilizer Bin Qasim, Ltd.		841,000		204,494
Fauji Fertilizer Co., Ltd.		902,614		669,846
Habib Bank, Ltd.		915,433		862,014
Hascol Petroleum, Ltd.		190,975		173,679

21

Security	Shares		Value
Hub Power Co., Ltd. (The)		2,888,012	$	1,505,876
Indus Motor Co., Ltd.		46,360		429,795
International Steels, Ltd.		486,900		221,539
K-Electric, Ltd.(1)		10,456,000		413,457
Kot Addu Power Co., Ltd.		1,347,500		430,209
Lucky Cement, Ltd.		270,250		822,458
Maple Leaf Cement Factory, Ltd.		567,750		151,048
Mari Petroleum Co., Ltd.		32,111		282,606
MCB Bank, Ltd.		941,025		1,313,787
Millat Tractors, Ltd.		101,846		641,759
National Bank of Pakistan(1)		1,144,026		325,393
Nishat Mills, Ltd.		1,279,280		1,223,586
Oil & Gas Development Co., Ltd.		568,127		595,204
Packages, Ltd.		93,450		252,902
Pak Elektron, Ltd.		1,445,000		238,064
Pakistan Petroleum, Ltd.		1,491,432		1,959,368
Pakistan State Oil Co., Ltd.		277,183		425,473
Searle Co., Ltd. (The)		366,996		615,922
SUI Northern Gas Pipelines, Ltd.(1)		1,204,775		646,454
SUI Southern Gas Co., Ltd.(1)		1,163,733		180,123
Thal, Ltd.		75,050		225,109
United Bank, Ltd.		758,625		752,354
			$	17,843,798
Panama — 0.3%
Banco Latinoamericano de Comercio Exterior SA, Class E		72,000	$	1,434,240
Copa Holdings SA, Class A		61,608		4,966,221
			$	6,400,461
Peru — 1.5%
Alicorp SAA		1,241,534	$	4,060,297
Cementos Pacasmayo SAA		174,644		344,798
Cia de Minas Buenaventura SA ADR		280,456		4,846,280
Credicorp, Ltd.		67,696		16,243,655
Enel Generacion Peru SAA		1,767,286		1,193,230
Ferreycorp SAA		1,301,883		969,256
Grana y Montero SAA(1)		1,140,073		773,187
Minsur SA		796,651		415,416
Nexa Resources Peru SAA		371,205		405,034
Sociedad Minera Cerro Verde SAA		22,281		534,076
Southern Copper Corp.		181,855		7,216,006
			$	37,001,235
Philippines — 3.0%
Aboitiz Equity Ventures, Inc.		1,539,250	$	1,728,995
Aboitiz Power Corp.		3,401,900		2,295,205
Alliance Global Group, Inc.		2,897,300		892,244
Ayala Corp.		170,638		3,055,845
Ayala Land, Inc.		3,393,708		2,903,910
Ayala Land, Inc., PFC Shares(2)		3,534,608		0
Bank of the Philippine Islands		1,056,153		1,695,229
BDO Unibank, Inc.		1,188,919		3,034,648

22

Security	Shares		Value
Bloomberry Resorts Corp.		11,216,300	$	2,563,683
CEMEX Holdings Philippines, Inc.(1)(3)		3,723,800		185,946
Century Pacific Food, Inc.		1,007,500		299,842
Cosco Capital, Inc.		1,868,100		272,233
D&L Industries, Inc.		4,542,000		972,690
DMCI Holdings, Inc.		2,556,500		584,135
Emperador, Inc.		3,420,000		480,746
Filinvest Land, Inc.		16,105,546		466,208
First Gen Corp.		2,648,860		1,100,598
First Philippine Holdings Corp.		403,650		609,127
Global Ferronickel Holdings, Inc.(1)		7,533,659		222,409
Globe Telecom, Inc.		60,575		2,236,887
GT Capital Holdings, Inc.		55,890		992,191
International Container Terminal Services, Inc.		551,900		1,373,983
JG Summit Holdings, Inc.		2,048,150		2,477,644
Jollibee Foods Corp.		942,700		5,692,650
Lopez Holdings Corp.		8,390,900		839,165
LT Group, Inc.		1,987,400		609,885
Manila Electric Co.		464,684		3,367,242
Manila Water Co.		1,474,000		646,803
Megaworld Corp.		8,043,300		888,522
Metro Pacific Investments Corp.		8,066,300		745,369
Metropolitan Bank & Trust Co.		1,006,867		1,533,567
Nickel Asia Corp.		16,433,888		778,988
Petron Corp.		2,395,000		295,910
PLDT, Inc.		171,250		3,753,893
Puregold Price Club, Inc.		1,964,200		1,801,788
Robinsons Land Corp.		1,636,615		764,108
Robinsons Retail Holdings, Inc.		1,077,190		1,620,820
San Miguel Corp.		299,500		993,113
Security Bank Corp.		189,530		624,376
Semirara Mining & Power Corp.		3,919,320		1,638,494
SM Investments Corp.		314,180		5,594,187
SM Prime Holdings, Inc.		7,221,950		5,490,984
Travellers International Hotel Group, Inc.(1)		3,644,200		391,517
Universal Robina Corp.		1,964,140		5,683,478
Vista Land & Lifescapes, Inc.		6,128,000		843,786
			$	75,043,043
Poland — 2.8%
Alior Bank SA(1)		68,509	$	1,067,389
AmRest Holdings SE(1)		244,410		2,645,525
Asseco Poland SA		300,227		4,061,113
Bank Handlowy w Warszawie SA		38,385		675,119
Bank Millennium SA(1)		640,333		1,492,111
Bank Polska Kasa Opieki SA		103,885		2,979,355
Boryszew SA(1)		315,000		373,306
Budimex SA		50,276		1,938,154
CCC SA		27,466		1,540,856
CD Projekt SA(1)		49,801		2,598,478
Ciech SA		40,900		571,199
Cyfrowy Polsat SA(1)		551,626		3,690,568

23

Security	Shares		Value
Enea SA(1)		145,490	$	331,640
Energa SA(1)		389,300		875,236
Eurocash SA		188,203		1,072,907
Globe Trade Centre SA		183,554		431,504
Grupa Azoty SA		31,054		332,475
Grupa Lotos SA		84,016		1,825,250
ING Bank Slaski SA		15,900		795,197
Jastrzebska Spolka Weglowa SA(1)		141,722		2,253,475
KGHM Polska Miedz SA(1)		162,911		4,541,546
KRUK SA		21,183		842,133
LPP SA		1,852		4,015,509
Lubelski Wegiel Bogdanka SA(1)		10,688		132,281
mBank SA		13,753		1,523,213
Netia SA(1)		284,937		377,393
Orange Polska SA(1)		1,739,445		2,325,031
PGE SA(1)		1,925,400		4,988,171
Polski Koncern Naftowy ORLEN SA		223,522		5,689,602
Polskie Gornictwo Naftowe i Gazownictwo SA		1,478,031		2,410,394
Powszechna Kasa Oszczednosci Bank Polski SA		602,535		6,057,997
Powszechny Zaklad Ubezpieczen SA		407,343		4,299,836
Santander Bank Polska SA		19,704		1,956,925
Tauron Polska Energia SA(1)		2,458,454		1,296,589
			$	72,007,477
Qatar — 1.4%
Aamal Co. QSC		97,022	$	263,317
Al Meera Consumer Goods Co.		6,406		260,006
Barwa Real Estate Co.		226,249		2,267,284
Commercial Bank PQSC (The)		89,065		1,094,709
Doha Bank QPSC		81,869		478,273
Gulf International Services QSC(1)		69,744		297,086
Gulf Warehousing Co.		32,900		373,125
Industries Qatar		142,655		4,840,425
Masraf Al Rayan QSC		161,514		1,624,160
Mazaya Qatar Real Estate Development QSC(1)		137,946		299,153
Medicare Group		13,382		242,784
Ooredoo QPSC		147,432		2,678,925
Qatar Electricity & Water Co. QSC		60,415		2,844,470
Qatar First Bank(1)		153,900		176,870
Qatar Gas Transport Co., Ltd.		396,212		2,252,761
Qatar Insurance Co.		84,259		841,871
Qatar International Islamic Bank		21,319		426,950
Qatar Islamic Bank		49,298		2,044,955
Qatar National Bank QPSC		190,957		9,422,752
Qatar National Cement Co. QSC		13,328		271,346
Qatar Navigation QSC		35,689		645,533
United Development Co. QSC		197,574		752,730
Vodafone Qatar QSC		409,304		872,237
			$	35,271,722
Romania — 0.7%
Antibiotice SA		1,843,129	$	208,442
Banca Transilvania SA		10,708,865		5,223,001

24

Security	Shares		Value
BRD-Groupe Societe Generale SA		747,156	$	2,282,863
OMV Petrom SA		37,364,539		3,134,748
Societatea Energetica Electrica SA		487,300		1,263,987
Societatea Nationala de Gaze Naturale ROMGAZ SA		276,835		2,103,612
Societatea Nationala Nuclearelectrica SA		322,130		736,237
Transelectrica SA		247,700		1,208,495
Transgaz SA Medias		14,233		1,132,916
			$	17,294,301
Russia — 5.8%
Aeroflot PJSC		948,730	$	1,390,844
Alrosa PJSC		1,861,500		2,625,679
Etalon Group PLC GDR(4)		78,319		140,281
Evraz PLC		291,141		2,355,488
Federal Grid Co. Unified Energy System PJSC		1,024,280,600		2,562,739
Gazprom PJSC ADR		2,056,796		9,292,063
Globaltrans Investment PLC GDR(4)(6)		35,100		373,464
Globaltrans Investment PLC GDR(4)(6)		236,017		2,510,676
Inter RAO UES PJSC		28,782,001		1,635,492
Lenta, Ltd. GDR(1)(4)		311,877		1,045,660
Lukoil PJSC ADR		199,461		17,884,716
Magnitogorsk Iron & Steel Works PJSC		1,708,700		1,183,720
Mail.ru Group, Ltd. GDR(1)(4)		152,668		3,776,665
MMC Norilsk Nickel PJSC ADR(6)		361,209		7,632,472
MMC Norilsk Nickel PJSC ADR(6)		59,048		1,241,484
Mobile TeleSystems PJSC		1,330,223		5,116,407
Moscow Exchange MICEX-RTS PJSC(1)		1,352,520		1,878,473
Mosenergo PJSC		12,772,962		411,435
Novatek PJSC GDR(4)		43,873		7,522,336
Novolipetsk Steel PJSC GDR		81,199		2,086,659
PhosAgro PJSC GDR(4)		93,673		1,175,793
PIK Group PJSC		113,450		611,068
Polymetal International PLC		180,959		2,037,587
QIWI PLC ADR(1)		94,500		1,359,855
Rosneft Oil Co. PJSC GDR(4)		627,557		3,944,380
Rosseti PJSC		67,413,873		996,447
Rostelecom PJSC		554,268		612,650
Rostelecom PJSC ADR		31,284		207,100
RusHydro PJSC		241,400,952		1,839,161
Sberbank of Russia PJSC		6,570,470		21,464,026
Severstal PJSC GDR(4)		175,704		2,742,265
Sistema PJSFC		3,087,600		446,603
Sistema PJSFC GDR(4)		136,806		385,669
Surgutneftegas PJSC ADR		656,684		2,436,629
Surgutneftegas PJSC ADR, PFC Shares		73,700		453,255
Surgutneftegas PJSC, PFC Shares		5,393,317		3,362,217
Tatneft PJSC ADR		150,195		10,405,010
Transneft PJSC, PFC Shares		1,225		3,285,203
Unipro PJSC		7,701,000		302,133
United Wagon Co. PJSC(1)		23,700		155,311
VEON, Ltd. ADR		471,930		986,334
VTB Bank PJSC GDR(4)		486,602		556,301

25

Security	Shares		Value
X5 Retail Group NV GDR(4)		226,978	$	5,657,174
Yandex NV, Class A(1)		274,200		9,416,028
			$	147,504,952
Saudi Arabia — 1.5%
Abdullah Al Othaim Markets Co.		41,082	$	786,320
Al Hammadi Co. for Development and Investment(1)		34,517		229,739
Al Rajhi Bank		82,230		2,340,245
Al Tayyar Travel Group Holding Co.		131,482		993,128
Alandalus Property Co.		102,343		440,714
Aldrees Petroleum and Transport Services Co.		25,080		182,338
Alinma Bank		76,293		493,417
Almarai Co. JSC		127,964		1,882,499
Arab National Bank		44,811		296,493
Arriyadh Development Co.		44,700		249,804
Bank AlBilad		38,550		303,472
Banque Saudi Fransi		32,133		316,920
Batic Investments and Logistic Co.(1)		18,171		186,637
Co. for Cooperative Insurance (The)(1)		16,075		249,546
Dallah Healthcare Co.		27,233		351,602
Dar Al Arkan Real Estate Development Co.		816,906		2,346,762
Emaar Economic City(1)		396,410		1,036,328
Etihad Etisalat Co.(1)		147,809		859,651
Fawaz Abdulaziz Al Hokair & Co.(1)		39,929		266,250
Jarir Marketing Co.		46,822		1,972,885
Middle East Healthcare Co.		30,400		259,161
Mobile Telecommunications Co. Saudi Arabia(1)		186,447		551,159
Mouwasat Medical Services Co.		39,812		849,741
National Agriculture Development Co. (The)(1)		38,301		286,440
National Commercial Bank		48,831		715,689
National Industrialization Co.(1)		65,180		314,931
National Medical Care Co.		25,900		323,299
Rabigh Refining & Petrochemical Co.		176,700		946,845
Riyad Bank		62,400		400,695
Sahara Petrochemical Co.		50,710		223,371
Samba Financial Group		57,376		589,151
Saudi Airlines Catering Co.		26,393		570,951
Saudi Arabian Amiantit Co.(1)		156,819		277,569
Saudi Arabian Fertilizer Co.		24,333		533,934
Saudi Arabian Mining Co.(1)		45,000		658,395
Saudi Automotive Services Co.		44,564		199,856
Saudi Basic Industries Corp.		60,743		2,009,760
Saudi British Bank (The)		18,669		187,970
Saudi Ceramic Co.(1)		42,675		225,902
Saudi Chemical Co.		54,201		475,459
Saudi Co. For Hardware LLC		10,741		208,534
Saudi Electricity Co.		658,277		2,901,587
Saudi Ground Services Co.		69,126		542,145
Saudi Industrial Investment Group		49,800		328,558
Saudi Industrial Services Co.		93,777		348,156
Saudi Kayan Petrochemical Co.(1)		82,300		310,226

26

Security	Shares		Value
Saudi Pharmaceutical Industries & Medical Appliances Corp.		15,099	$	111,352
Saudi Public Transport Co.		89,877		346,772
Saudi Telecom Co.		112,706		3,212,452
Saudia Dairy & Foodstuff Co.		5,419		150,064
Savola Group (The)		202,528		1,696,283
United Electronics Co.		26,771		430,064
United International Transportation Co.		52,824		456,102
Yanbu National Petrochemical Co.		17,800		356,163
			$	37,783,486
Slovenia — 0.7%
Cinkarna Celje DD		3,106	$	734,820
KRKA DD		112,463		7,321,747
Luka Koper		26,836		822,093
Petrol		12,702		4,887,832
Pozavarovalnica Sava DD		56,646		1,092,499
Telekom Slovenije DD		21,374		1,587,680
Zavarovalnica Triglav DD		50,969		1,905,049
			$	18,351,720
South Africa — 5.6%
Absa Group, Ltd.		203,773	$	2,156,503
AECI, Ltd.		108,017		717,701
African Rainbow Minerals, Ltd.		33,300		391,319
Anglo American Platinum, Ltd.		15,100		770,892
AngloGold Ashanti, Ltd.		70,634		928,710
AngloGold Ashanti, Ltd. ADR		79,199		1,037,507
Aspen Pharmacare Holdings, Ltd.		301,772		1,949,251
Assore, Ltd.		24,358		630,008
Astral Foods, Ltd.		26,100		302,299
AVI, Ltd.		228,000		1,427,157
Barloworld, Ltd.		463,800		4,108,402
Bid Corp., Ltd.		455,103		9,407,534
Bidvest Group, Ltd. (The)		455,103		6,129,859
Clicks Group, Ltd.		218,200		2,786,186
DataTec, Ltd.(1)		305,900		708,663
Discovery, Ltd.		221,254		2,103,957
Exxaro Resources, Ltd.		92,500		1,051,983
FirstRand, Ltd.		589,585		2,581,605
Foschini Group, Ltd. (The)		104,323		1,183,876
Gold Fields, Ltd.		255,380		941,316
Grindrod, Ltd.		350,600		186,656
Growthpoint Properties, Ltd.		1,244,700		2,107,120
Hosken Consolidated Investments, Ltd.		33,700		261,023
Hyprop Investments, Ltd.		65,400		319,056
Impala Platinum Holdings, Ltd.(1)		133,586		566,939
Imperial Logistics, Ltd.		130,900		544,876
Investec, Ltd.		156,600		916,922
JSE, Ltd.		45,700		418,932
Kumba Iron Ore, Ltd.		22,200		665,266
Liberty Holdings, Ltd.		67,700		475,685
Life Healthcare Group Holdings, Ltd.		709,548		1,321,657

27

Security	Shares		Value
Massmart Holdings, Ltd.		48,804	$	269,614
MMI Holdings, Ltd.		554,133		638,910
Mondi, Ltd.		134,531		2,984,313
Motus Holdings, Ltd.		130,900		744,113
Mr Price Group, Ltd.		188,400		2,474,672
MTN Group, Ltd.		1,173,530		7,223,508
MultiChoice Group, Ltd.(1)		74,460		622,876
Murray & Roberts Holdings, Ltd.		689,700		682,464
Nampak, Ltd.(1)		677,282		523,665
Naspers, Ltd., Class N		74,460		17,352,278
Nedbank Group, Ltd.		141,600		2,474,675
Netcare, Ltd.		659,100		1,072,066
Northam Platinum, Ltd.(1)		298,659		1,320,893
Pick’n Pay Stores, Ltd.		213,731		986,044
Rand Merchant Investment Holdings, Ltd.		449,000		1,047,354
Redefine Properties, Ltd.		1,959,096		1,317,047
Remgro, Ltd.		194,905		2,508,311
Reunert, Ltd.		401,800		1,974,121
RMB Holdings, Ltd.		425,900		2,247,549
Sanlam, Ltd.		589,334		3,024,690
Santam, Ltd.		27,610		577,917
Sappi, Ltd.		593,587		2,743,876
Sasol, Ltd.		446,059		13,908,383
Shoprite Holdings, Ltd.		419,647		4,623,277
Sibanye Gold, Ltd.(1)		1,116,045		1,194,107
SPAR Group, Ltd. (The)		79,260		1,055,985
Standard Bank Group, Ltd.		332,502		4,288,932
Steinhoff International Holdings NV(1)		1,020,600		136,629
Telkom SA SOC, Ltd.		333,000		1,691,222
Tiger Brands, Ltd.		207,487		3,818,625
Tongaat Hulett, Ltd.		25,322		37,796
Truworths International, Ltd.		299,341		1,447,725
Vodacom Group, Ltd.		444,200		3,429,953
Wilson Bayly Holmes-Ovcon, Ltd.		111,180		824,302
Woolworths Holdings, Ltd.		355,542		1,145,582
			$	141,512,334
South Korea — 5.8%
AMOREPACIFIC Corp.		10,613	$	1,766,435
AMOREPACIFIC Group		19,571		1,202,604
BNK Financial Group, Inc.		55,807		328,612
Bukwang Pharmaceutical Co., Ltd.		48,120		811,607
Cell Biotech Co., Ltd.		7,242		203,303
Celltrion, Inc.(1)		20,612		3,295,911
Chabiotech Co., Ltd.(1)		12,772		241,797
Cheil Worldwide, Inc.		38,050		811,466
CJ CheilJedang Corp.		3,500		996,536
CJ Corp.		7,083		777,939
CJ Corp., PFC Shares		1,062		45,460
CJ ENM Co., Ltd.		1,122		230,506
CJ Logistics Corp.(1)		4,378		639,074
Coway Co., Ltd.		15,560		1,295,979

28

Security	Shares		Value
Daelim Industrial Co., Ltd.		6,870	$	583,509
Daesang Corp.		29,700		742,247
Daewoo Engineering & Construction Co., Ltd.(1)		60,100		269,433
Daewoo Industrial Development Co., Ltd.(1)		3,501		6,616
DB Insurance Co., Ltd.		9,442		571,529
DGB Financial Group Co., Ltd.		64,880		467,364
Dong-A ST Co., Ltd.		5,069		430,917
Doosan Corp.		4,600		375,710
E-MART, Inc.		8,311		1,260,804
Green Cross Corp.		2,863		365,494
Green Cross Holdings Corp.		9,800		208,275
GS Engineering & Construction Corp.		30,870		1,161,449
GS Holdings Corp.		47,154		2,196,344
Hana Financial Group, Inc.		58,027		1,863,127
Hanjin Kal Corp.		8,977		203,637
Hanjin Transportation Co., Ltd.		10,500		335,894
Hankook Tire Co., Ltd.		27,617		911,336
Hanmi Pharm Co., Ltd.		3,160		1,271,358
Hanmi Science Co., Ltd.		22,491		1,536,109
Hanwha Chemical Corp.		65,820		1,215,830
Hanwha Corp.		27,900		749,001
HDC Holdings Co., Ltd.		11,087		185,595
HDC Hyundai Development Co-Engineering & Construction, Class E		15,492		692,861
Hotel Shilla Co., Ltd.		12,750		1,074,478
Hyosung Advanced Materials Corp.(1)		2,398		265,721
Hyosung Chemical Corp.		1,707		212,090
Hyosung Corp.		7,385		492,182
Hyosung Heavy Industries Corp.(1)		4,991		174,456
Hyosung TNC Co., Ltd.		2,316		353,552
Hyundai Department Store Co., Ltd.		5,600		499,149
Hyundai Engineering & Construction Co., Ltd.		22,703		1,070,178
Hyundai Glovis Co., Ltd.		9,736		1,103,600
Hyundai Heavy Industries Co., Ltd.(1)		1,784		187,426
Hyundai Marine & Fire Insurance Co., Ltd.		14,350		479,508
Hyundai Mobis Co., Ltd.		12,626		2,321,848
Hyundai Motor Co.		33,990		3,583,803
Hyundai Motor Co., Second PFC Shares		3,773		253,901
Hyundai Steel Co.		18,270		724,442
Hyundai Wia Corp.		6,700		239,380
InBody Co., Ltd.		11,574		221,915
Industrial Bank of Korea		71,500		885,300
Kangwon Land, Inc.		36,658		1,034,020
KB Financial Group, Inc.		70,107		2,594,111
KCC Corp.		1,710		480,343
Kia Motors Corp.		64,887		2,022,217
KIWOOM Securities Co., Ltd.		5,067		362,831
Korea Electric Power Corp.(1)		106,430		2,799,231
Korea Gas Corp.		15,047		598,653
Korea Investment Holdings Co., Ltd.		10,700		586,700
Korea Zinc Co., Ltd.		4,095		1,679,838
Korean Air Lines Co., Ltd.		18,577		522,329
Korean Reinsurance Co.		52,474		423,539

29

Security	Shares		Value
KT Corp.		16,507	$	398,363
KT&G Corp.		49,980		4,557,520
Kumho Petrochemical Co., Ltd.		4,900		411,766
LG Chem, Ltd.		13,706		4,427,161
LG Corp.		32,997		2,254,025
LG Display Co., Ltd.(1)		33,200		572,093
LG Electronics, Inc.		9,019		598,024
LG Hausys, Ltd.		4,611		246,849
LG Household & Health Care, Ltd.		3,800		4,748,642
LG Uplus Corp.		278,220		3,789,094
Lotte Chemical Corp.		7,483		1,919,825
Lotte Corp.		5,150		224,471
LOTTE Fine Chemical Co., Ltd.		10,800		420,658
Lotte Shopping Co., Ltd.		4,018		630,957
LS Corp.		7,030		324,568
LS Industrial Systems Co., Ltd.		4,500		188,728
Macrogen, Inc.(1)		13,950		419,417
Medy-Tox, Inc.		3,045		1,571,088
Mirae Asset Daewoo Co., Ltd.		19,799		128,191
Naver Corp.		15,655		1,713,319
NCsoft Corp.		5,300		2,317,080
NH Investment & Securities Co., Ltd.		51,222		608,626
Nong Shim Co., Ltd.		1,100		299,528
Orion Corp. of Republic of Korea		7,895		696,045
Osstem Implant Co., Ltd.(1)		12,166		580,961
POSCO		21,737		4,853,867
Posco International Corp.		10,502		164,631
S-Oil Corp.		24,372		1,923,730
S1 Corp.		10,130		896,548
Samsung Biologics Co., Ltd.(1)(3)		5,364		1,514,085
Samsung C&T Corp.		7,152		675,326
Samsung Card Co., Ltd.		10,660		323,026
Samsung Electro-Mechanics Co., Ltd.		9,258		856,314
Samsung Electronics Co., Ltd.		316,191		12,471,500
Samsung Fire & Marine Insurance Co., Ltd.		6,363		1,688,177
Samsung Life Insurance Co., Ltd.		16,204		1,201,005
Samsung SDI Co., Ltd.		5,742		1,088,151
Samsung Securities Co., Ltd.		14,212		418,133
Seegene, Inc.(1)		19,291		373,403
Shinhan Financial Group Co., Ltd.		84,070		3,121,701
Shinsegae, Inc.		2,179		649,604
SK Chemicals Co., Ltd.		6,265		382,813
SK Discovery Co., Ltd.		5,834		136,359
SK Holdings Co., Ltd.		6,366		1,519,363
SK Hynix, Inc.		38,661		2,534,859
SK Innovation Co., Ltd.		45,196		7,149,716
SK Telecom Co., Ltd.		30,943		6,852,905
ViroMed Co., Ltd.(1)		6,061		1,499,895
Woori Financial Group, Inc.		20,809		252,069
Yuhan Corp.		6,941		1,469,053
Zyle Motor Sales Corp.(1)		4,895		7,115
			$	145,568,756

30

Security	Shares		Value
Sri Lanka — 0.7%
Access Engineering PLC		3,828,963	$	283,592
Aitken Spence PLC		867,213		202,082
Ceylon Tobacco Co. PLC		96,609		737,183
Chevron Lubricants Lanka PLC		1,378,614		496,223
Commercial Bank of Ceylon PLC		4,238,306		2,388,556
DFCC Bank PLC		648,984		257,878
Dialog Axiata PLC		15,786,381		818,767
Distilleries Co. of Sri Lanka PLC		1,837,926		162,427
Hatton National Bank PLC		1,908,949		1,934,649
Hemas Holdings PLC		1,724,055		736,020
John Keells Holdings PLC		6,067,440		5,402,533
Melstacorp PLC(1)		6,203,001		1,273,075
National Development Bank PLC		1,614,929		871,744
Nations Trust Bank PLC(1)		979,263		502,848
Nestle Lanka PLC		15,593		144,626
Sampath Bank PLC(1)		904,643		938,782
Teejay Lanka PLC		1,870,121		322,904
			$	17,473,889
Taiwan — 6.1%
Advantech Co., Ltd.		35,963	$	299,275
ASE Technology Holding Co., Ltd.		246,415		540,540
Asia Cement Corp.		1,183,967		1,542,472
Asia Optical Co., Inc.		114,000		365,076
Asustek Computer, Inc.		118,174		856,328
AU Optronics Corp.		2,104,000		775,585
Capital Securities Corp.		647,503		201,856
Catcher Technology Co., Ltd.		113,100		873,724
Cathay Financial Holding Co., Ltd.		1,688,464		2,466,390
Cathay Real Estate Development Co., Ltd.		346,500		271,127
Chang Hwa Commercial Bank, Ltd.		2,158,286		1,292,900
Cheng Shin Rubber Industry Co., Ltd.		1,410,951		1,922,770
Chicony Electronics Co., Ltd.		161,318		375,879
China Airlines, Ltd.		940,963		301,314
China Development Financial Holding Corp.		5,090,106		1,703,705
China Life Insurance Co., Ltd.		519,639		441,420
China Motor Corp.		1,026,930		950,322
China Petrochemical Development Corp.(1)		1,006,857		396,142
China Steel Corp.		5,256,886		4,317,839
Chipbond Technology Corp.		240,000		555,275
Chong Hong Construction Co., Ltd.		165,761		484,547
Chunghwa Telecom Co., Ltd.		2,476,909		8,807,781
Clevo Co.		206,579		196,728
Compal Electronics, Inc.		465,000		289,377
Coretronic Corp.		169,387		267,117
CTBC Financial Holding Co., Ltd.		4,106,273		2,726,916
Delta Electronics, Inc.		265,356		1,371,050
E.Sun Financial Holding Co., Ltd.		2,996,398		2,312,272
Elan Microelectronics Corp.		99,687		287,128
Eternal Materials Co., Ltd.		388,561		309,166
EVA Airways Corp.		2,017,297		989,138

31

Security	Shares		Value
Evergreen Marine Corp.		1,229,879	$	477,647
Everlight Chemical Industrial Corp.		259,054		143,864
Far Eastern Department Stores, Ltd.		1,096,944		584,155
Far Eastern International Bank		1,065,026		387,365
Far Eastern New Century Corp.		2,069,313		2,048,616
Far EasTone Telecommunications Co., Ltd.		1,199,364		2,893,171
Faraday Technology Corp.		192,000		278,484
Feng Hsin Steel Co., Ltd.		172,000		337,118
First Financial Holding Co., Ltd.		2,808,397		1,923,416
Formosa Chemicals & Fibre Corp.		1,496,214		5,451,350
Formosa Petrochemical Corp.		985,153		3,698,290
Formosa Plastics Corp.		1,651,853		5,879,763
Formosa Taffeta Co., Ltd.		545,000		651,431
Foxconn Technology Co., Ltd.		236,305		472,311
Fubon Financial Holding Co., Ltd.		1,538,833		2,300,380
Giant Manufacturing Co., Ltd.		228,093		1,631,151
Goldsun Building Materials Co., Ltd.		617,053		171,508
Great Wall Enterprise Co., Ltd.		343,857		394,136
Highwealth Construction Corp.		325,556		537,186
Hiwin Technologies Corp.		194,261		1,645,273
Hon Hai Precision Industry Co., Ltd.		1,094,108		2,614,823
Hotai Motor Co., Ltd.		98,000		1,202,769
Hua Nan Financial Holdings Co., Ltd.		2,137,140		1,346,015
Huaku Development Co., Ltd.		187,010		449,500
Inventec Corp.		1,072,179		816,865
King Yuan Electronics Co., Ltd.		711,274		607,414
Largan Precision Co., Ltd.		12,042		1,806,105
Lite-On Technology Corp.		478,048		696,792
Macronix International Corp., Ltd.		249,322		169,735
MediaTek, Inc.		103,664		953,120
Mega Financial Holding Co., Ltd.		2,383,240		2,171,170
Merida Industry Co., Ltd.		435,907		2,435,301
Mitac Holdings Corp.		374,240		383,858
Nan Kang Rubber Tire Co., Ltd.		759,819		769,642
Nan Ya Plastics Corp.		1,767,303		4,531,593
Nanya Technology Corp.		247,165		494,308
Novatek Microelectronics Corp., Ltd.		50,479		325,018
Oriental Union Chemical Corp.		453,200		384,563
Pegatron Corp.		553,486		959,780
Phison Electronics Corp.		43,692		428,972
Pou Chen Corp.		2,168,764		2,645,666
Powertech Technology, Inc.		366,725		868,388
President Chain Store Corp.		619,120		6,103,265
Quanta Computer, Inc.		293,482		551,235
Radiant Opto-Electronics Corp.		206,350		661,485
Realtek Semiconductor Corp.		61,542		364,661
Ruentex Development Co., Ltd.		243,743		369,060
Ruentex Industries, Ltd.		697,171		1,833,265
Sanyang Motor Co., Ltd.		1,509,000		989,622
Shin Kong Financial Holding Co., Ltd.		3,317,472		978,718
Shin Kong Synthetic Fibers Corp.		965,996		437,943
Simplo Technology Co., Ltd.		38,652		341,721

32

Security	Shares		Value
Sino-American Silicon Products, Inc.		120,857	$	265,441
SinoPac Financial Holdings Co., Ltd.		4,420,980		1,637,420
Synnex Technology International Corp.		684,558		823,338
Tainan Spinning Co., Ltd.		1,445,010		567,859
Taishin Financial Holding Co., Ltd.		1,511,940		689,803
Taiwan Business Bank		2,084,051		812,248
Taiwan Cement Corp.		1,896,529		2,542,818
Taiwan Cooperative Financial Holding Co., Ltd.		2,624,357		1,661,726
Taiwan Mobile Co., Ltd.		1,170,052		4,233,173
Taiwan Semiconductor Manufacturing Co., Ltd.		1,281,214		10,261,316
Taiwan Tea Corp.		382,711		199,416
Tatung Co., Ltd.(1)		1,214,645		960,277
Teco Electric & Machinery Co., Ltd.		989,000		674,604
Tong Yang Industry Co., Ltd.		379,826		488,308
Tripod Technology Corp.		152,979		494,582
TSRC Corp.		271,887		242,808
TTY Biopharm Co., Ltd.		307,255		832,321
Tung Ho Steel Enterprise Corp.		293,385		202,350
U-Ming Marine Transport Corp.		202,000		203,720
Uni-President Enterprises Corp.		3,855,626		9,369,094
United Microelectronics Corp.		1,596,361		604,553
Vanguard International Semiconductor Corp.		321,175		694,629
Walsin Lihwa Corp.		1,085,980		622,995
Wan Hai Lines, Ltd.		339,570		176,917
Waterland Financial Holdings		1,665,009		567,688
WPG Holdings Co., Ltd.		504,285		658,604
Yageo Corp.		35,362		372,608
YFY, Inc.		866,414		333,654
Yieh Phui Enterprise Co., Ltd.		1,096,420		355,144
Yuanta Financial Holding Co., Ltd.		2,387,289		1,361,715
Yulon Motor Co., Ltd.		512,420		323,774
			$	153,325,049
Thailand — 3.0%
Advanced Info Service PCL(7)		560,800	$	3,256,771
Airports of Thailand PCL(7)		2,063,900		4,428,916
AP Thailand PCL(7)		4,609,660		1,025,119
Bangkok Bank PCL(7)		143,700		938,464
Bangkok Dusit Medical Services PCL(7)		5,604,200		4,381,634
Bangkok Expressway & Metro PCL(7)		3,422,254		1,089,853
Banpu PCL(7)		2,037,000		1,041,523
BEC World PCL(1)(7)		1,693,300		360,797
Berli Jucker PCL(7)		497,900		777,900
Bumrungrad Hospital PCL(7)		559,800		3,166,628
Central Pattana PCL(7)		972,200		2,246,584
Charoen Pokphand Foods PCL(7)		1,619,600		1,302,000
CP ALL PCL(7)		1,345,200		3,169,867
Delta Electronics (Thailand) PCL(7)		1,380,270		3,089,193
Electricity Generating PCL(7)		315,300		2,903,624
Glow Energy PCL(7)		803,700		2,305,102
Hana Microelectronics PCL(7)		1,416,900		1,385,955
Home Product Center PCL(7)		1,565,760		755,690

33

Security	Shares		Value
Indorama Ventures PCL(7)		1,161,671	$	1,823,872
Intouch Holdings PCL(7)		927,871		1,683,845
IRPC PCL(7)		4,225,800		765,372
Italian-Thai Development PCL(1)(7)		4,014,629		278,643
Kasikornbank PCL(7)		364,900		2,158,561
KCE Electronics PCL(7)		656,600		503,979
Kiatnakin Bank PCL(7)		306,200		671,229
Krung Thai Bank PCL(7)		1,610,225		975,182
Land & Houses PCL(7)		896,600		302,507
Major Cineplex Group PCL(7)		1,179,000		1,040,888
Minor International PCL(7)		3,179,761		3,909,656
Precious Shipping PCL(1)(7)		933,750		238,914
PTT Exploration & Production PCL(7)		370,516		1,465,057
PTT Global Chemical PCL(7)		956,405		2,031,336
PTT PCL(7)		2,284,700		3,455,868
Quality House PCL(7)		9,121,583		852,008
Ratchaburi Electricity Generating Holding PCL(7)		578,300		1,066,366
Siam Cement PCL(7)		153,811		2,338,474
Siam City Cement PCL(7)		84,087		596,503
Siam Commercial Bank PCL(7)		439,500		1,828,416
Sino-Thai Engineering & Construction PCL(7)		972,300		739,620
SVI PCL(7)		1,450,800		218,825
Thai Airways International PCL(1)(7)		1,290,500		500,393
Thai Beverage PCL(7)		3,247,700		2,026,764
Thai Oil PCL(7)		462,600		1,013,353
Thai Union Group PCL(7)		832,192		506,446
Thanachart Capital PCL(7)		210,300		361,322
Thoresen Thai Agencies PCL(7)		2,257,887		366,788
TMB Bank PCL(7)		5,321,200		341,990
Total Access Communication PCL(7)		496,800		830,138
TPI Polene PCL(7)		14,633,600		950,981
True Corp. PCL(7)		6,556,682		984,993
TTW PCL(7)		4,040,000		1,552,097
WHA Corp. PCL(7)		2,277,900		303,285
			$	76,309,291
Tunisia — 0.2%
Attijari Bank		54,723	$	621,576
Banque de Tunisie		160,285		397,494
Banque Internationale Arabe de Tunisie		23,438		904,184
Banque Nationale Agricole(1)		93,315		378,086
Carthage Cement(1)		469,841		167,902
Euro Cycles SA		34,571		183,181
Poulina Group		173,437		688,041
Societe D’Articles Hygieniques SA(1)		120,815		409,262
Societe Frigorifique et Brasserie de Tunis SA		135,340		1,031,581
Telnet Holding		110,412		439,044
Union Internationale de Banques SA		79,769		593,612
			$	5,813,963
Turkey — 2.6%
AG Anadolu Grubu Holding AS		107,100	$	228,474
Akbank T.A.S.(1)		1,990,736		2,266,712

34

Security	Shares		Value
Aksa Akrilik Kimya Sanayii AS		335,654	$	554,214
Aksa Enerji Uretim AS(1)		1,312,563		578,232
Anadolu Efes Biracilik ve Malt Sanayii AS		399,548		1,257,174
Arcelik AS(1)		882,159		2,681,747
Aselsan Elektronik Sanayi Ve Ticaret AS		154,326		590,631
Aygaz AS		330,198		571,540
BIM Birlesik Magazalar AS		318,173		4,354,929
Cimsa Cimento Sanayi ve Ticaret AS(1)		116,200		138,670
Coca-Cola Icecek AS		107,000		584,856
Dogan Sirketler Grubu Holding AS(1)		2,165,468		444,298
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS		735,375		357,380
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		13,039,213		3,586,779
Enerjisa Enerji AS(3)		1,053,571		977,636
Enka Insaat ve Sanayi AS		1,566,921		1,292,927
Eregli Demir ve Celik Fabrikalari TAS		2,919,663		4,789,088
Ford Otomotiv Sanayi AS		260,260		2,282,058
Haci Omer Sabanci Holding AS		870,929		1,228,785
Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS(1)		373,901		301,319
Is Gayrimenkul Yatirim Ortakligi AS(1)		2,448,816		413,725
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(1)		2,443,657		1,056,375
KOC Holding AS		818,906		2,371,446
Koza Altin Isletmeleri AS(1)		122,800		927,262
Migros Ticaret AS(1)		186,855		455,965
Net Holding AS(1)		1,199,227		370,614
Petkim Petrokimya Holding AS		1,696,103		1,384,874
Selcuk Ecza Deposu Ticaret ve Sanayi AS		243,000		167,399
Soda Sanayii AS		166,303		223,933
TAV Havalimanlari Holding AS		147,909		620,550
Tekfen Holding AS		152,291		618,093
Tofas Turk Otomobil Fabrikasi AS		469,986		1,446,883
Trakya Cam Sanayii AS		904,783		540,359
Tupras-Turkiye Petrol Rafinerileri AS		363,918		8,161,947
Turk Hava Yollari AO(1)		528,607		1,229,867
Turk Sise ve Cam Fabrikalari AS		401,274		420,164
Turk Telekomunikasyon AS(1)		1,555,557		1,218,588
Turkcell Iletisim Hizmetleri AS		2,985,429		6,481,276
Turkiye Garanti Bankasi AS		1,367,200		2,056,766
Turkiye Halk Bankasi AS		540,082		620,782
Turkiye Is Bankasi AS, Class C		1,157,493		1,148,004
Turkiye Sinai Kalkinma Bankasi AS(1)		1,676,550		229,481
Turkiye Vakiflar Bankasi TAO, Class D		905,498		739,956
Ulker Biskuvi Sanayi AS		234,929		719,150
Vestel Elektronik Sanayi ve Ticaret AS(1)		573,007		1,328,746
Yapi ve Kredi Bankasi AS(1)		998,543		383,245
Yatas Yatak ve Yorgan Sanayi ve Ticaret AS(1)		262,604		243,020
Zorlu Enerji Elektrik Uretim AS(1)		3,437,974		768,867
			$	65,414,786
United Arab Emirates — 1.5%
Abu Dhabi Commercial Bank PJSC		2,035,444	$	5,258,612
Abu Dhabi National Hotels		832,200		671,980
Agthia Group PJSC		623,000		647,699

35

Security	Shares		Value
Air Arabia PJSC		6,041,100	$	1,546,603
Al Waha Capital PJSC		1,401,285		474,165
Aldar Properties PJSC		3,816,500		1,886,629
Arabtec Holding PJSC		1,822,819		1,059,905
Dana Gas PJSC		3,612,782		917,447
DP World PLC		416,236		6,662,833
Dubai Financial Market PJSC		1,713,500		343,987
Dubai Investments PJSC		1,379,272		515,018
Dubai Islamic Bank PJSC		1,037,500		1,385,503
Emaar Properties PJSC		3,506,022		4,486,063
Emirates Telecommunications Group Co. PJSC		676,655		3,081,609
First Abu Dhabi Bank PJSC		1,778,489		7,397,956
National Central Cooling Co. (Tabreed)		1,050,547		456,179
RAK Properties PJSC(1)		1,262,100		146,406
Ras Al Khaimah Co. for White Cement & Construction Materials PSC		732,778		211,674
			$	37,150,268
Vietnam — 1.4%
Bank for Foreign Trade of Vietnam JSC		1,314,599	$	3,820,641
Bank for Investment and Development of Vietnam JSC(1)		599,090		928,398
Bao Viet Holdings		371,340		1,519,996
Danang Rubber JSC		277,686		267,772
Development Investment Construction Corp.		470,142		309,739
FLC Faros Construction JSC(1)		365,126		504,401
Gemadept Corp.		810,119		926,504
HAGL JSC(1)		1,003,770		240,853
Hoa Phat Group JSC(1)		3,507,983		4,878,704
KIDO Group Corp.		387,216		353,266
Kinh Bac City Development Share Holding Corp.(1)		590,200		374,540
Masan Group Corp.(1)		644,430		2,346,328
PetroVietnam Drilling & Well Services JSC(1)		824,017		635,058
PetroVietnam Fertilizer & Chemical JSC		342,540		289,614
PetroVietnam Gas JSC		254,010		1,076,169
PetroVietnam Technical Services Corp.		705,772		625,170
SSI Securities Corp.		143,640		168,874
Vietjet Aviation JSC		230,164		1,156,486
Vietnam Construction and Import-Export JSC		304,400		354,670
Vietnam Dairy Products JSC		840,080		4,883,417
Vietnam Joint Stock Commercial Bank for Industry and Trade(1)		684,823		664,994
Vietnam National Petroleum Group		309,590		792,962
Vincom Retail JSC(1)		170,213		254,316
Vingroup JSC(1)		1,717,244		8,588,455
Vinh Son-Song Hinh Hydropower JSC		484,210		360,325
			$	36,321,652
Total Common Stocks (identified cost $1,948,049,075)			$	2,518,409,410

36

Rights(1) — 0.0%(5)
Security	Shares		Value
DFCC Bank PLC, Exp. 4/18/19		259,593	$	0
Vodafone Idea, Ltd., Exp. 4/24/19		6,482,763		510,012
Total Rights (identified cost $901,890)			$	510,012
Warrants(1) — 0.0%(5)
Security	Shares		Value
Datasonic Group Bhd, Exp. 7/5/23, Strike MYR 1.09		797,200	$	16,598
Total Warrants (identified cost $0)			$	16,598
Total Investments — 99.5% (identified cost $1,948,950,965)			$	2,518,936,020
Other Assets, Less Liabilities — 0.5%			$	11,889,916
Net Assets — 100.0%			$	2,530,825,936

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1) Non-income producing security.

(2) For fair value measurement disclosure purposes, security is categorized as Level 3.

(3) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At March 31, 2019, the aggregate value of these securities is $12,474,092 or 0.5% of the Fund’s net assets.

(4) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At March 31, 2019, the aggregate value of these securities is $42,070,401 or 1.7% of the Fund’s net assets.

(5) Amount is less than 0.05%.

(6) Securities are traded on separate exchanges for the same entity.

(7) Indicates a foreign registered security. Shares issued to foreign investors in markets that have foreign ownership limits.

37

Currency Concentration of Portfolio

Currency	Percentage of Net Assets			Value
Hong Kong Dollar		10.0	%	$	252,724,018
United States Dollar		8.9			224,810,043
New Taiwan Dollar		6.1			153,325,049
Indian Rupee		6.0			151,234,168
South Korean Won		5.8			145,568,756
Mexican Peso		5.7			145,163,785
South African Rand		5.5			140,338,198
Brazilian Real		5.3			133,863,039
Philippine Peso		3.0			75,043,043
Indonesian Rupiah		2.9			74,431,278
Thai Baht		2.9			74,282,527
Malaysian Ringgit		2.9			73,979,267
Polish Zloty		2.8			72,007,477
Euro		2.6			66,269,969
New Turkish Lira		2.6			65,414,786
Chilean Peso		2.1			53,742,731
Kuwaiti Dinar		2.1			52,438,216
Russian Ruble		2.0			49,879,608
Chinese Yuan Renminbi		1.5			38,719,408
Saudi Riyal		1.5			37,783,486
United Arab Emirates Dirham		1.5			36,814,383
Vietnamese Dong		1.4			36,321,652
Qatari Riyal		1.4			35,271,722
Colombian Peso		1.2			29,168,914
Other currency, less than 1% each		11.8			300,340,497
Total Investments		99.5	%	$	2,518,936,020

Sector Classification of Portfolio

Sector	Percentage of Net Assets			Value
Financials		20.0	%	$	505,430,001
Materials		11.7			297,052,160
Consumer Staples		10.4			264,382,849
Communication Services		10.4			263,081,987
Industrials		9.8			246,932,330
Energy		9.2			232,793,234
Consumer Discretionary		8.3			211,075,760
Utilities		6.1			154,728,545
Real Estate		4.9			123,513,343
Information Technology		4.4			110,683,738
Health Care		4.3			109,262,073
Total Investments		99.5	%	$	2,518,936,020

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Abbreviations:

ADR	-	American Depositary Receipt
GDR	-	Global Depositary Receipt

PCL	-	Public Company Ltd.
PFC Shares	-	Preference Shares

Currency Abbreviations:

MYR - Malaysian Ringgit

The Fund did not have any open derivative instruments at March 31, 2019.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At March 31, 2019, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3*		Total
Common Stocks
Asia/Pacific	$	19,439,974	$	1,153,216,876		$	30,902	$	1,172,687,752
Emerging Europe		17,167,751		411,820,122			0		428,987,873
Latin America		459,641,146		1,111,193			177,250		460,929,589
Middle East/Africa		7,230,987		446,917,075			1,656,134		455,804,196
Total Common Stocks	$	503,479,858	$	2,013,065,266	**	$	1,864,286	$	2,518,409,410
Rights	$	510,012	$	—		$	—	$	510,012
Warrants		16,598		—			—		16,598
Total Investments	$	504,006,468	$	2,013,065,266		$	1,864,286	$	2,518,936,020

* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund.

** Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended March 31, 2019 is not presented.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

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