NPORT-EX 2 IPMAI.htm IVY PROSHARES MSCI ACWI INDEX SOI HTML
   SCHEDULE OF INVESTMENTS   
 
        Ivy ProShares MSCI ACWI Index Fund (in thousands)    DECEMBER 31, 2019 (UNAUDITED)
     
     

 

COMMON STOCKS   Shares   Value  
Australia
Communication Services – 0.0%

Telstra Corp. Ltd. ADR

   13   $32
   

 

Consumer Discretionary – 0.0%

Aristocrat Leisure Ltd.

   2   42
   

 

Consumer Staples – 0.2%

Coca-Cola Amatil Ltd.

   4   27

Coles Group Ltd.

   3   35

Treasury Wine Estates Ltd.

   2   24

Wesfarmers Ltd.

   3   83

Woolworths Ltd.

   3   80
   

 

    249
   

 

Energy – 0.1%

Origin Energy Ltd.

   6   36

Santos Ltd.

   7   40

Woodside Petroleum Ltd.

   3   63
   

 

    139
   

 

Financials – 0.7%

Australia and New Zealand Banking Group Ltd.

   7   129

Australian Stock Exchange Ltd.

   1   49

Commonwealth Bank of Australia

   4   246

Insurance Australia Group Ltd.

   7   36

Macquarie Group Ltd.

   1   84

National Australia Bank Ltd.

   7   119

QBE Insurance Group Ltd.

   6   56

Suncorp Group Ltd.

   5   41

Westpac Banking Corp.

   9   148
   

 

    908
   

 

Health Care – 0.2%

Cochlear Ltd.

   —*   39

CSL Ltd.

   1   236

Ramsay Health Care Ltd.

   1   26

Sonic Healthcare Ltd.

   2   45
   

 

    346
   

 

Industrials – 0.1%

Aurizon Holdings Ltd.

   8   30

Brambles Ltd.

   5   45

Transurban Group

   7   75
   

 

    150
   

 

Information Technology – 0.0%

Computershare Ltd.

   3   33
   

 

Materials – 0.3%

BHP Group Ltd.

   7   193

BHP Group plc

   5   115

Fortescue Metals Group Ltd.

   5   39

Incitec Pivot Ltd.

   11   24

Newcrest Mining Ltd.

   2   51

South32 Ltd.

   15   28
   

 

    450
   

 

Real Estate – 0.1%

Dexus

   4   35

Goodman Group

   5   51

GPT Group

   8   32

Lendlease Group

   2   28

Mirvac Group

   13   29

Scentre Group

   14   38

Stockland Corp. Ltd.

   11   34
   

 

    247
   

 

Utilities – 0.1%

AGL Energy Ltd.

   2   35

APA Group

   5   36
   

 

    71
   

 

Total Australia - 1.8%   $2,667

Austria

Financials – 0.1%

Erste Bank der Oesterreichischen Sparkassen AG

   2   58
   

 

Total Austria - 0.1%   $58

Belgium

Consumer Staples – 0.1%

Anheuser-Busch InBev S.A./N.V.

   2   158
   

 

Financials – 0.1%

ageas N.V.

   1   33

KBC Group N.V.

   1   54
   

 

    87
   

 

Health Care – 0.0%

UCB S.A./N.V.

   1   41
   

 

Materials – 0.1%

Solvay S.A.

   —*   37

Umicore S.A.

   1   52
   

 

    89
   

 

Total Belgium - 0.3%   $375

Bermuda

Financials – 0.1%

Arch Capital Group Ltd.(A)

   1   61

Everest Re Group Ltd.

   —*   33
   

 

    94
   

 

Total Bermuda - 0.1%   $94

Brazil

Communication Services – 0.0%

Telefonica Brasil S.A.

   2   36
   

 

Consumer Discretionary – 0.2%

Lojas Renner S.A.

   4   53

MercadoLibre, Inc.(A)

   —*   58
   

 

    111
   

 

Consumer Staples – 0.1%

Ambev S.A.

   14   67

JBS S.A.

   4   25
   

 

    92
   

 

Energy – 0.1%

Petroleo Brasileiro S.A.

   21   159
   

 

Financials – 0.5%

B3 S.A. - Brasil, Bolsa, Balcao

   7   74

Banco Bradesco S.A.

   14   125

Banco do Brasil S.A.

   4   48

BB Seguridade Participacoes S.A.

   5   43

Itau Unibanco Holdings S.A.

   15   136

Itausa Investimentos Itau S.A.

   18   64
   

 

    490
   

 

Industrials – 0.0%

Localiza Rent a Car S.A.

   3   38

Rumo S.A.(A)

   6   37

WEG S.A.

   6   50
   

 

    125
   

 

Materials – 0.1%

Vale S.A.

   10   131
   

 

Real Estate – 0.0%

BR Malls Participacoes S.A.

   9   40
   

 

Utilities – 0.0%

Equatorial Energia S.A.

   8   46
   

 

Total Brazil - 1.0%   $1,230

Canada

Communication Services – 0.0%

BCE, Inc.(B)

   1   25

Rogers Communications, Inc., Class B

   1   65

Thomson Reuters Corp.

   —*   34
   

 

    124
   

 

Consumer Discretionary – 0.2%

Canadian Tire Corp. Ltd., Class A

   —*   28

Dollarama, Inc.

   1   43

Gildan Activewear, Inc.

   1   26

lululemon athletica, Inc.(A)

   —*   62

Magna International, Inc.

   1   57

Restaurant Brands International, Inc.

   1   39
   

 

    255
   

 

Consumer Staples – 0.1%

Alimentation Couche-Tard, Inc., Class B

   3   79

George Weston Ltd.

   —*   26

Loblaw Cos. Ltd.

   1   39

Metro, Inc.

   1   43
   

 

    187
   

 

Energy – 0.6%

AltaGas Ltd.

   2   27

Canadian Natural Resources Ltd.

   3   107

Cenovus Energy, Inc.

   4   37

Enbridge, Inc.

   5   203

Inter Pipeline Ltd.

   2   36

Keyera Corp.(B)

   1   30

Pembina Pipeline Corp.

   2   57

Suncor Energy, Inc.

   4   142

TransCanada Corp.

   2   127
   

 

    766
   

 

Financials – 1.1%

Bank of Montreal

   1   110

Bank of Nova Scotia (The)

   3   154

Brookfield Asset Management, Inc., Class A

   2   133

Canadian Imperial Bank of Commerce

   1   83

Fairfax Financial Holdings Ltd.

   —*   37

Intact Financial Corp.

   1   60

Manulife Financial Corp.

   5   103

National Bank of Canada(B)

   1   44

Royal Bank of Canada

   3   267

Sun Life Financial, Inc.

   2   81

Toronto-Dominion Bank

   4   236
   

 

    1,308
   

 

Industrials – 0.3%

Canadian National Railway Co.

   2   176

Canadian Pacific Railway Ltd.

   —*   110
 

WSP Global, Inc.(B)

   1   38
   

 

    324
   

 

Information Technology – 0.1%

CGI Group, Inc., Class A(A)

   1   44

Constellation Software, Inc.

   —*   54

Open Text Corp.

   1   39

Shopify, Inc., Class A(A)

   —*   108
   

 

    245
   

 

Materials – 0.4%

Agnico-Eagle Mines Ltd.

   1   56

Barrick Gold Corp.

   5   85

Franco-Nevada Corp.

   1   62

Kirkland Lake Gold Ltd.

   1   28

Nutrien Ltd.

   2   80

Teck Cominco Ltd.

   1   26

Wheaton Precious Metals Corp.

   2   58
   

 

    395
   

 

Utilities – 0.1%

Emera, Inc.

   1   47

Fortis, Inc.

   1   54

Hydro One Ltd.

   2   36
   

 

    137
   

 

Total Canada - 2.9%   $3,741

Chile

Consumer Discretionary – 0.0%

Saci Falabella

   8   36
   

 

Utilities – 0.1%

Enel Americas S.A.

   349   77
   

 

Total Chile - 0.1%   $113

China

Communication Services – 0.7%

58.com, Inc. ADR(A)

   —*   20

China Mobile Ltd.

   16   136

China Tower Corp. Ltd., H Shares

   138   30

JOYY, Inc. ADR(A)

   —*   16

NetEase.com, Inc. ADR

   —*   77

Tencent Holdings Ltd.

   14   670
   

 

    949
   

 

Consumer Discretionary – 0.9%

Alibaba Group Holding Ltd.
ADR(A)

   4   861

ANTA Sports Products Ltd.

   4   35

Geely Automobile Holdings Ltd.

   15   29

Huazhu Group Ltd. ADR

   1   20

JD.com, Inc. ADR(A)

   2   75

Meituan Dianping, Class B(A)

   3   42

New Oriental Education & Technology Group, Inc. ADR(A)

   —*   54

Pinduoduo, Inc. ADR(A)

   1   19

Shenzhou International Group Holdings Ltd.

   3   47

Trip.com Group Ltd. ADR(A)

   2   58

YUM! Brands, Inc.

   1   53
   

 

    1,293
   

 

Consumer Staples – 0.0%

China Mengniu Dairy Co. Ltd.

   10   42

Hengan International Group Co. Ltd.

   4   30
   

 

    72
   

 

Energy – 0.1%

China Petroleum & Chemical Corp., H Shares

   75   45

China Shenhua Energy Co. Ltd., H Shares

   11   23

CNOOC Ltd.

   56   92

PetroChina Co. Ltd., H Shares

   54   27
   

 

    187
   

 

Financials – 0.8%

Bank of Communications Co. Ltd.

   44   32

BOC Hong Kong (Holdings) Ltd., H Shares

   221   94

China Cinda Asset Management Co. Ltd., H Shares

   115   26

China CITIC Bank Corp. Ltd., H Shares

   52   31

China Construction Bank Corp.

   249   215

China Life Insurance Co. Ltd.

   5   23

China Life Insurance Co. Ltd., H Shares

   25   69

China Merchants Bank Co. Ltd., H Shares

   12   64

China Minsheng Banking Corp. Ltd., H Shares

   46   35

China Pacific Insurance (Group) Co. Ltd., H Shares

   10   39

CITIC Securities Co. Ltd., H Shares

   11   25

Huatai Securities Co. Ltd., H Shares(B)

   19   34

Industrial and Commercial Bank of China Ltd., H Shares

   185   142

PICC Property and Casualty Co. Ltd., H Shares

   30   36

Ping An Insurance (Group) Co. of China Ltd., H Shares

   15   178
   

 

    1,043
   

 

Health Care – 0.0%

China Medical System Holdings Ltd.

   12   17

CSPC Pharmaceutical Group Ltd.

   12   29
   

 

    46
   

 

Industrials – 0.0%

ZTO Express (Cayman), Inc. ADR

   2   54
   

 

Information Technology – 0.1%

Baidu.com, Inc. ADR(A)

   1   119

GDS Holdings Ltd. ADR(A)(B)

   1   31

Sunny Optical Technology (Group) Co. Ltd.

   2   30

Xiaomi Corp., Class B(A)

   26   36
   

 

    216
   

 

Materials – 0.0%

Anhui Conch Cement Co. Ltd., H Shares

   5   39
   

 

Real Estate – 0.2%

China Evergrande Group(A)(B)

   10   28

China Overseas Land & Investment Ltd.

   15   59

China Vanke Co. Ltd., H Shares

   3   13

Country Garden Holdings Co. Ltd.

   23   37

Sunac China Holdings Ltd.

   8   46
   

 

    183
   

 

Utilities – 0.0%

CGN Power Co. Ltd., H Shares

   140   37

ENN Energy Holdings Ltd.

   3   36
   

 

    73
   

 

Total China - 2.8%   $4,155

Denmark

Consumer Staples – 0.1%

Carlsberg Group

   —*   60
   

 

Financials – 0.0%

Danske Bank A.S.

   2   30
   

 

Health Care – 0.2%

Coloplast A/S, Class B

   —*   53

Genmab A.S.(A)

   —*   45

Novo Nordisk A/S, Class B

   5   261

Novozymes A/S, Class B

   1   43
   

 

    402
   

 

Industrials – 0.1%

A.P. Moller - Maersk A/S

   —*   38

DSV Panalpina A/S

   1   80

Vestas Wind Systems A/S

   —*   45
   

 

    163
   

 

Materials – 0.0%

Chr. Hansen Holding A/S

   —*   34
   

 

Utilities – 0.1%

Orsted A/S

   1   69
   

 

Total Denmark - 0.5%   $758

Finland

Energy – 0.0%

Neste Oyj

   1   41
   

 

Financials – 0.1%

Nordea Bank AB

   11   87
   

 

Industrials – 0.1%

Kone Oyj, Class B

   1   62
   

 

Information Technology – 0.0%

Nokia OYJ

   15   55
   

 

Materials – 0.1%

UPM-Kymmene Corp.

   1   52
   

 

Total Finland - 0.3%   $297

France

Communication Services – 0.2%

Orange S.A.

   5   75

Publicis Groupe S.A.

   1   30

Ubisoft Entertainment S.A.(A)

   —*   23

Vivendi Universal

   2   70
   

 

    198
   

 

Consumer Discretionary – 0.7%

Accor S.A.

   1   34

Compagnie Generale des Etablissements Michelin, Class B

   1   69

Hermes International

   —*   66

LVMH Moet Hennessy - Louis Vuitton

   1   309

Peugeot S.A.

   2   51

Pinault-Printemps-Redoute S.A.

   —*   130

Renault S.A.

   1   28

Sodexo S.A.

   —*   28
   

 

    715
   

 

Consumer Staples – 0.3%

Carrefour S.A.

   2   38

Danone S.A.

   2   134

L’Oreal

   1   184

Pernod Ricard S.A.

   1   107
   

 

    463
   

 

Energy – 0.3%

Total S.A.

   6   309
   

 

 

Financials – 0.4%

 

Axa S.A.

      4       125  

BNP Paribas S.A.

      3       172  

Credit Agricole Group

      4       59  

Societe Generale S.A.

      2       75  
       431  

Health Care – 0.3%

 

EssilorLuxottica S.A.

      1       108  

Sanofi-Aventis

      3       271  
       379  

Industrials – 0.8%

 

Airbus SE

      1       218  

Bouygues S.A.

      1       37  

Compagnie de Saint-Gobain

      2       62  

Edenred S.A.

      1       42  

Eiffage S.A.

      — *      42  

Getlink SE

      3       54  

Legrand S.A.

      1       76  

Safran

      1       133  

Schneider Electric S.A.

      2       155  

Teleperformance SE

      — *      61  

Thales

      — *      34  

Vinci

      1       146  
       1,060  

Information Technology – 0.2%

 

Atos S.A.

      — *      23  

Cap Gemini S.A.

      — *      59  

Dassault Systemes S.A.

      — *      66  

Ingenico Group

      — *      27  
       175  

Materials – 0.1%

 

Arkema

      — *      36  

L Air Liquide S.A.

      1       157  
       193  

Real Estate – 0.1%

 

Icade

      — *      33  

Unibail-Rodamco-Westfield

      — *      68  
       101  

Utilities – 0.2%

 

EDF S.A.

      2       23  

ENGIE

      5       78  

Suez Environment Co.

      2       27  

Veolia Environnement S.A.

      2       49  
       177  

Total France - 3.6%

 

   $ 4,201  

Germany

 

Communication Services – 0.1%

 

Deutsche Telekom AG, Registered Shares

      7       119  

Consumer Discretionary – 0.3%

 

adidas AG

      1       163  

Bayerische Motoren Werke AG

      1       73  

Continental AG

      — *      33  

Daimler AG

      2       119  

Porsche Automobil Holding SE

      1       41  
       429  

Consumer Staples – 0.0%

 

Beiersdorf Aktiengesellschaft

      — *      37  

Henkel AG & Co. KGaA

      — *      27  
       64  

Financials – 0.5%

 

Allianz AG, Registered Shares

      1       229  

Deutsche Bank AG

      5       39  

Deutsche Boerse AG

      — *      73  

Munchener Ruckversicherungs-Gesellschaft AG, Registered Shares

      — *      92  
       433  

Health Care – 0.4%

 

Bayer AG

      2       176  

Fresenius Medical Care AG & Co. KGaA

      1       52  

Fresenius SE & Co. KGaA

      1       70  

Merck KGaA

      — *      51  

Sartorius AG

      — *      28  
       377  

Industrials – 0.4%

 

Brenntag AG

      1       30  

Deutsche Post AG

      3       95  

MTU Aero Engines Holding AG

      — *      57  

Siemens AG

      2       226  
       408  

Information Technology – 0.4%

 

Infineon Technologies AG

      3       72  

SAP AG

      2       320  

Wirecard AG(B)

      — *      47  
       439  

Materials – 0.1%

 

BASF Aktiengesellschaft

      2       169  

Covestro AG

      1       27  

HeidelbergCement AG

      — *      30  

Lanxess AG

      — *      33  

Symrise AG

      — *      49  
       308  

Real Estate – 0.1%

 

Deutsche Wohnen AG

      1       37  

Vonovia SE

      1       73  
       110  

Utilities – 0.1%

 

E.ON AG

      6       63  

RWE Aktiengesellschaft

      2       46  
       109  

Total Germany - 2.4%

 

   $ 2,796  

Hong Kong

 

Communication Services – 0.0%

 

HKT Trust and HKT Ltd.

      21       29  

Consumer Discretionary – 0.2%

 

Galaxy Entertainment Group

      10       74  

Techtronic Industries Co. Ltd.

      6       46  
       120  

Consumer Staples – 0.0%

 

China Resources Beer (Holdings) Co. Ltd.

      7       37  

WH Group Ltd.

      42       43  
       80  

Energy – 0.0%

 

CNPC (Hong Kong) Ltd.

      16       14  

Financials – 0.5%

 

Agricultural Bank of China Ltd., H Shares

      88       39  

AIA Group Ltd.

      30       318  

BOC Hong Kong (Holdings) Ltd.

      19       65  

Hang Seng Bank Ltd.

      2       49  

Hong Kong Exchanges and Clearing Ltd.

      4       121  
       592  

Health Care – 0.0%

 

Sino Biopharmaceutical Ltd.

      24       33  

Industrials – 0.0%

 

Beijing Enterprises Holdings Ltd.

      4        18  

CITIC Pacific Ltd.

      26        34  

Jardine Matheson Holdings Ltd.

      1        34  

Jardine Strategic Holdings Ltd.

      1        35  

MTR Corp. Ltd.

      8        47  

Shanghai Industrial Holdings Ltd.

      10        20  
        188  

Real Estate – 0.6%

 

Cheung Kong (Holdings) Ltd.

      17        138  

China Resources Land Ltd.

      10        50  

Hang Lung Properties Ltd.

      16        34  

Henderson Land Development Co. Ltd.

      7        34  

Hongkong Land Holdings Ltd.

      8        44  

Link (The)

      7        73  

Longfor Group Holdings Ltd.

      7        35  

New World Development Co. Ltd.

      32        45  

Sino Land Co. Ltd.

      19        27  

Sun Hung Kai Properties Ltd.

      5        78  

Swire Pacific Ltd., Class A

      3        33  

Wharf (Holdings) Ltd. (The)

      4        25  
        616  

Utilities – 0.3%

 

China Gas Holdings Ltd.

      6        23  

CLP Holdings Ltd.

      6        64  

Guangdong Investment Ltd.

      14        29  

Hong Kong & China Gas Co. Ltd.

      40        78  

Power Assets Holdings Ltd.

      7        52  
        246  

Total Hong Kong - 1.6%

 

    $ 1,918  

India

 

Consumer Discretionary – 0.1%

 

Tata Motors Ltd. ADR

      6        80  

Energy – 0.2%

 

Reliance Industries Ltd.
GDR(C)

      5        220  

Financials – 0.2%

 

ICICI Bank Ltd. ADR

      12        185  

Health Care – 0.1%

 

Dr. Reddy’s Laboratories Ltd. ADR

      3        116  

Industrials – 0.1%

 

Larsen & Toubro Ltd. GDR

      8        146  

Information Technology – 0.2%

 

Infosys Technologies Ltd. ADR

      8        80  

Wipro Ltd. ADR

      22        84  
        164  

Materials – 0.1%

 

Vedanta Ltd. ADR

      9        81  

Total India - 1.0%

 

    $ 992  

Indonesia

 

Communication Services – 0.1%

 

PT Telekomunikasi Indonesia Persero Tbk

      181        52  

Consumer Discretionary – 0.0%

 

PT Astra International Tbk

      103        51  

Consumer Staples – 0.0%

 

PT Indofood CBP Sukses Makmur Tbk

      32        25  
 

PT Unilever Indonesia Tbk

      11       34  
       59  

Financials – 0.2%

 

Bank Central Asia Tbk PT

      40       97  

PT Bank Mandiri (Persero) Tbk

      71       39  

PT Bank Rakyat Indonesia

      181       57  
       193  

Total Indonesia - 0.3%

 

   $ 355  

Ireland

 

Consumer Staples – 0.1%

 

Kerry Group plc, Class A

      — *      62  

Health Care – 0.3%

 

Medtronic plc

      3       350  

Industrials – 0.0%

 

DCC plc

      — *      33  

Kingspan Group plc

      1       35  
       68  

Information Technology – 0.3%

 

Accenture plc, Class A

      1       293  

Materials – 0.1%

 

CRH plc

      3       107  

Smurfit Kappa Group plc

      1       43  
       150  

Total Ireland - 0.8%

 

   $ 923  

Israel

 

Health Care – 0.0%

 

Teva Pharmaceutical Industries Ltd. ADR(A)

      2       24  

Information Technology – 0.0%

 

NICE Systems Ltd. ADR(A)

      — *      45  

Wix.com Ltd.(A)

      — *      33  
       78  

Total Israel - 0.0%

 

   $ 102  

Italy

 

Communication Services – 0.0%

 

Telecom Italia S.p.A.(A)

      45       28  

Consumer Discretionary – 0.1%

 

Ferrari N.V.

      — *      66  

Moncler S.p.A.

      1       33  
       99  

Energy – 0.1%

 

Eni S.p.A.

      6       95  

Financials – 0.2%

 

Assicurazioni Generali S.p.A.

      2       37  

Banca Intesa S.p.A.

      38       99  

FinecoBank S.p.A.

      3       31  

Mediobanca S.p.A.

      3       36  

UniCredit S.p.A.

      6       82  
       285  

Industrials – 0.1%

 

Atlantia S.p.A.

      1       33  

CNH Industrial N.V.

      4       49  

Prysmian S.p.A.

      1       23  
       105  

Utilities – 0.2%

 

ENEL S.p.A.

      19       148  

Snam S.p.A.

      8       41  

Terna Rete Elettrica Nazionale S.p.A.

      6       37  
       226  

Total Italy - 0.7%

 

   $ 838  

Japan

 

Communication Services – 0.6%

 

Dentsu, Inc.

      1       27  

KDDI Corp.

      4       133  

Nintendo Co. Ltd.

      — *      115  

Nippon Telegraph and Telephone Corp.

      3       86  

NTT DoCoMo, Inc.

      3       87  

SoftBank Corp.

      3       44  

SoftBank Group Corp.

      4       194  

Z Holdings Corp.

      10       41  
       727  

Consumer Discretionary – 1.1%

 

Bandai Namco Holdings, Inc.

      1       35  

Bridgestone Corp.(B)

      1       50  

Denso Corp.

      1       65  

Fast Retailing Co. Ltd.

      — *      97  

Honda Motor Co. Ltd.

      4       127  

Makita Corp.

      1       32  

Nissan Motor Co. Ltd.

      5       30  

Nitori Co. Ltd.

      — *      33  

Oriental Land Co. Ltd.

      1       82  

Pan Pacific International Holdings Corp.

      — *      6  

Panasonic Corp.

      6       57  

Rakuten, Inc.

      3       24  

Sekisui House Ltd.

      3       55  

Shimano, Inc.

      — *      40  

Sony Corp.

      3       203  

Subaru Corp.

      2       39  

Suzuki Motor Corp.

      1       39  

Toyota Industries Corp.

      1       31  

Toyota Motor Corp.

      5       370  

Yamaha Corp.

      — *      25  
       1,440  

Consumer Staples – 0.4%

 

Aeon Co. Ltd.

      2       37  

Ajinomoto Co., Inc.

      2       33  

Asahi Breweries Ltd.

      1       47  

Japan Tobacco, Inc.(B)

      3       65  

Kao Corp.

      1       96  

Kikkoman Corp.

      1       31  

Kirin Brewery Co. Ltd.

      2       46  

Meiji Holdings Co. Ltd.

      — *      33  

Seven & i Holdings Co. Ltd.

      2       67  

Shiseido Co. Ltd.

      1       68  

Suntory Beverage & Food Ltd.

      1       22  

Unicharm Corp.

      1       45  

Yakult Honsha Co. Ltd.

      — *      21  
       611  

Energy – 0.1%

 

Inpex Corp.

      4       37  

JXTG Holdings, Inc.

      9       42  
       79  

Financials – 0.7%

 

Dai-ichi Mutual Life Insurance Co. (The)

      3       56  

Daiwa Securities Group, Inc.

      8       38  

Japan Exchange Group, Inc.

      1       26  

Japan Post Holdings Co. Ltd.

      3       29  

Kabushiki Kaisha Mitsubishi Tokyo Financial Group

      31       167  

Mizuho Financial Group, Inc.

      60       93  

MS&AD Insurance Group Holdings, Inc.

      1       44  

Nomura Holdings, Inc.

      10       52  

ORIX Corp.

      5       76  

Resona Holdings, Inc.

      7       29  

Sompo Holdings, Inc.

      1       37  

Sumitomo Mitsui Financial Group, Inc.

      4       131  

Sumitomo Mitsui Trust Holdings, Inc.

      1       42  

T&D Holdings, Inc.

      4       53  

Tokio Marine Holdings, Inc.

      2       98  
       971  

Health Care – 0.9%

 

Astellas Pharma, Inc.

      5       85  

Chugai Pharmaceutical Co. Ltd.

      1       69  

Daiichi Sankyo Co. Ltd.

      1       96  

Eisai Co. Ltd.

      1       54  

M3, Inc.

      1       37  

Olympus Corp.

      4       56  

Ono Pharmaceutical Co. Ltd.

      1       28  

Otsuka Holdings Co. Ltd.

      1       50  

Santen Pharmaceutical Co. Ltd.

      2       30  

Shionogi & Co. Ltd.

      1       61  

Sysmex Corp.

      1       35  

Takeda Pharmaceutical Co. Ltd.

      4       140  

Terumo Corp.

      2       64  
       805  

Industrials – 1.6%

 

All Nippon Airways Co. Ltd.

      1       24  

Canon, Inc.(B)

      2       67  

Central Japan Railway Co.

      — *      78  

Daikin Industries Ltd.

      1       100  

East Japan Railway Co.

      1       79  

FANUC Ltd.

      1       95  

Hankyu Hanshin Holdings, Inc.

      1       48  

ITOCHU Corp.

      4       85  

Keihan Holdings Co. Ltd.

      1       37  

Keikyu Corp.

      2       30  

Komatsu Ltd.

      3       62  

Kubota Corp.

      3       48  

Marubeni Corp.

      5       40  

Minebea Mitsumi, Inc.

      2       33  

MISUMI Group, Inc.

      1       29  

Mitsubishi Corp.

      4       97  

Mitsubishi Electric Corp.

      5       72  

Mitsubishi Heavy Industries Ltd.

      1       34  

Mitsui & Co. Ltd.

      5       80  

Nagoya Railroad Co. Ltd.

      1       45  

Nidec Corp.

      1       80  

Odakyu Electric Railway Co. Ltd.

      1       34  

Recruit Holdings Co. Ltd.

      3       105  

Ricoh Co. Ltd.

      2       27  

Secom Co. Ltd.

      — *      43  

Seibu Holdings, Inc.

      1       24  

SMC Corp.

      — *      80  

Sumitomo Corp.

      4       53  

Sumitomo Electric Industries Ltd.

      3       48  

Tokyu Corp.

      2       42  

Toshiba Corp.

      2       55  

Toyota Tsusho Corp.

      1       30  

West Japan Railway Co.

      1       51  
       1,855  

Information Technology – 0.9%

 

FUJIFILM Holdings Corp.

      1       60  

Fujitsu Ltd.

      1       56  

Hamamatsu Photonics K.K.

      1       32  

Hitachi Ltd.

      2       101  

Hoya Corp.

      1       98  

Keyence Corp.

      1       182  

Kyocera Corp.

      1       65  

Murata Manufacturing Co. Ltd.

      1       87  

OBIC Co. Ltd.

      — *      33  

OMRON Corp.

      1       45  

ROHM Co. Ltd.

      — *      23  

Shimadzu Corp.

      1       34  

TDK Corp.

      — *      48  

Tokyo Electron Ltd.

      — *      92  

YASKAWA Electric Corp.

      1       38  
       994  

Materials – 0.2%

 

Asahi Kasei Corp.

      4       42  
 

JFE Holdings, Inc.

   4   47

Mitsubishi Chemical Holdings Corp.

   5   38

Mitsui Chemicals, Inc.

   1   32

Nippon Paint Holdings Co. Ltd.

   1   29

Nippon Steel Corp.

   4   56

Nitto Denko Corp.

   1   33

Shin-Etsu Chemical Co. Ltd.

   1   108

Sumitomo Chemical Co. Ltd.

   6   25

Sumitomo Metal Mining Co. Ltd.

   1   32

Teijin Ltd.

   2   36

Toray Industries, Inc.

   5   35
    513

Real Estate – 0.3%

Daito Trust Construction Co. Ltd.

   —*   24

Daiwa House Industry Co. Ltd.

   2   54

Mitsubishi Estate Co. Ltd.

   4   76

Mitsui Fudosan Co. Ltd.

   3   68

Nippon Building Fund, Inc.

   —*   44

Sumitomo Realty & Development Co. Ltd.

   1   48

Tokyu Fudosan Holdings Corp.

   4   27
    341

Utilities – 0.0%

Chubu Electric Power Co., Inc.

   2   34

Chugoku Electric Power Co., Inc. (The)

   2   29

Kansai Electric Power Co., Inc.

   3   29

Osaka Gas Co. Ltd.

   2   31

Tohoku Electric Power Co., Inc.

   3   29

Tokyo Electric Power Co., Inc. (The)(A)

   6   28

Tokyo Gas Co. Ltd.

   1   32
    212

Total Japan - 6.8%

   $8,548

Luxembourg

Materials – 0.1%

ArcelorMittal

   3   56

Real Estate – 0.0%

Aroundtown S.A.

   3   28

Total Luxembourg - 0.1%

   $84

Macau

Consumer Discretionary – 0.1%

Sands China Ltd.

   13   69

Total Macau - 0.1%

   $69

Malaysia

Financials – 0.1%

Public Bank Berhad

   19   90

Utilities – 0.0%

Tenaga Nasional Berhad

   15   47

Total Malaysia - 0.1%

   $137

Mexico

Communication Services – 0.1%

America Movil S.A.B. de C.V., Series L

   107   86

Consumer Staples – 0.2%

Arca Coninental S.A.B. de C.V.

   5   27

Coca-Cola FEMSA S.A.B. de C.V.

   4   27

Fomento Economico Mexicano S.A.B. de C.V.

   8   77

Wal-Mart de Mexico S.A.B. de C.V.

   17   48
    179

Financials – 0.1%

Grupo Financiero Banorte S.A.B. de C.V.

   11   60

Industrials – 0.0%

Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B

   3   39

Materials – 0.0%

CEMEX S.A.B. de C.V.

   97   36

Grupo Mexico S.A.B. de C.V.

   16   45
    81

Total Mexico - 0.4%

   $445

Netherlands

Communication Services – 0.0%

Koninklijke KPN N.V.

   14   42

Consumer Discretionary – 0.1%

Prosus N.V.(A)

   1   81

Consumer Staples – 0.2%

Heineken Holding N.V.

   —*   36

Heineken N.V.

   1   69

Koninklijke Ahold Delhaize N.V.

   3   84
    189

Energy – 0.5%

Royal Dutch Shell plc, Class A

   10   302

Royal Dutch Shell plc, Class B

   9   260
    562

Financials – 0.1%

Aegon N.V.

   6   29

ING Groep N.V., Certicaaten Van Aandelen

   11   130

NN Group N.V.

   1   40
    199

Health Care – 0.0%

Qiagen N.V.(A)

   1   33

Industrials – 0.1%

Koninklijke Philips Electronics N.V., Ordinary Shares

   3   124

Wolters Kluwer N.V.

   1   44
    168

Information Technology – 0.3%

Adyen N.V.(A)

   —*   31

ASML Holding N.V., Ordinary Shares

   1   313

NXP Semiconductors N.V.

   1   86
    430

Materials – 0.2%

Akzo Nobel N.V.

   1   64

Koninklijke DSM N.V.

   1   79
    143

Total Netherlands - 1.5%

   $1,847

Norway

Communication Services – 0.0%

Telenor ASA

   2   41

Consumer Staples – 0.0%

Mowi ASA

   1   37

Energy – 0.1%

Equinor ASA

   3   51

Financials – 0.1%

DNB ASA

   4   69

Industrials – 0.0%

Orkla ASA

   3   30

Materials – 0.0%

Yara International ASA

   1   31

Total Norway - 0.2%

   $259

Peru

Financials – 0.1%

Credicorp Ltd.

   —*   68

Total Peru - 0.1%

   $68

Philippines

Financials – 0.0%

Ayala Corp.

   3   43

Real Estate – 0.0%

Ayala Land, Inc.

   47   42

SM Prime Holdings, Inc.

   53   44
    86

Total Philippines - 0.0%

   $129

Poland

Communication Services – 0.0%

Cyfrowy Polsat S.A.

   4   26

Energy – 0.0%

Polski Koncern Naftowy Orlen S.A.

   2   41

Financials – 0.0%

Bank Pekao S.A.

   2   50

PKO Bank Polski S.A.

   4   33

Powszechny Zaklad Ubezpieczen S.A.

   4   38

Santander Bank Polska S.A.

   —*   31
    152

Total Poland - 0.0%

   $219

Portugal

Energy – 0.0%

Galp Energia SGPS S.A., Class B

   3   48

Utilities – 0.0%

EDP - Energias de Portugal S.A.

   10   42

Total Portugal - 0.0%

   $90

Russia

Communication Services – 0.0%

Mobile TeleSystems OJSC ADR

   3   35

Consumer Staples – 0.0%

Magnit PJSC GDR

   2   23

Energy – 0.4%

OAO Novatek GDR

   —*   53

Open Joint Stock Co. Gazprom ADR

   13   106

PJSC LUKOIL ADR

   1   96

Surgutneftegas PJSC ADR

   6   52

Tatneft PJSC

   1   63
    370

Financials – 0.1%

Sberbank of Russia PJSC ADR

   7   113

Materials – 0.0%

MMC Norilsk Nickel PJSC ADR

   2   62

OJSC PhosAgro GDR

   2   29
    91
 

Utilities – 0.0%

PJSC RusHydro ADR

   31   26

Total Russia - 0.5%

   $658

Singapore

Communication Services – 0.1%

Singapore Telecommunications Ltd.

   27   68

Consumer Staples – 0.0%

Wilmar International Ltd.

   10   32

Financials – 0.4%

DBS Group Holdings Ltd.

   5   97

Oversea-Chinese Banking Corp. Ltd.

   9   74

Singapore Exchange Ltd.

   8   52

United Overseas Bank Ltd.

   4   77
    300

Industrials – 0.2%

Keppel Corp. Ltd.

   9   46

Singapore Airlines Ltd.

   5   37

Singapore Technologies Engineering Ltd.

   13   37
    120

Real Estate – 0.1%

CapitaLand Ltd.

   19   53

City Developments Ltd.

   5   40

UOL Group Ltd.

   7   40
    133

Total Singapore - 0.8%

   $653

South Africa

Communication Services – 0.2%

MTN Group Ltd.(B)

   5   30

Naspers Ltd., Class N

   1   178

Vodacom Group Ltd.

   4   32
    240

Financials – 0.0%

Absa Group Ltd.

   3   31

FirstRand Ltd.

   14   62

Nedbank Ltd.

   2   34

Old Mutual plc

   33   46

Remgro Ltd.

   4   55

Sanlam Ltd.

   7   37

Standard Bank Group Ltd.

   4   44
    309

Materials – 0.1%

AngloGold Ashanti Ltd.

   1   30

Mondi plc

   2   45

Sasol Ltd.

   2   52
    127

Total South Africa - 0.3%

   $676

South Korea

Communication Services – 0.1%

Naver Corp.(A)

   —*   68

NCsoft Corp.(A)

   —*   27
    95

Consumer Discretionary – 0.1%

Hyundai Mobis

   —*   45

Hyundai Motor Co.

   1   63

Kia Motors Corp.(A)

   1   48

LG Electronics, Inc.

   —*   25
    181

Consumer Staples – 0.0%

Korea Tobacco & Ginseng Corp.

   1   41

LG Household & Health Care
Ltd.(A)

   —*   39
    80

Energy – 0.0%

SK Innovation Co. Ltd.

   —*   35

Financials – 0.0%

Hana Financial Group, Inc.

   1   34

KB Financial Group, Inc.

   1   48

Mirae Asset Daewoo Co. Ltd.(A)

   5   34

Samsung Fire & Marine Insurance Co. Ltd.(A)

   —*   39

Samsung Life Insurance Co. Ltd.(A)

   —*   26

Shinhan Financial Group Co. Ltd.

   1   46
    227

Health Care – 0.1%

Celltrion, Inc.(A)

   —*   51

Industrials – 0.0%

Samsung C&T Corp.(A)

   —*   29

Information Technology – 0.5%

Samsung Electronics Co. Ltd.

   12   559

Samsung SDI Co. Ltd.

   —*   36

SK hynix, Inc.

   2   127
    722

Materials – 0.2%

LG Chem Ltd.(A)

   —*   47

POSCO

   —*   53
    100

Utilities – 0.0%

Korea Electric Power Corp.

   1   29

Total South Korea - 1.0%

   $1,549

Spain

Communication Services – 0.1%

Telefonica S.A.

   12   82

Consumer Discretionary – 0.1%

Industria de Diseno Textil S.A.

   3   97

Energy – 0.0%

Repsol YPF S.A.

   3   49

Financials – 0.3%

Banco Bilbao Vizcaya Argentaria S.A.

   18   99

Banco Santander S.A.

   42   174

CaixaBank S.A.

   11   34
    307

Health Care – 0.0%

Grifols S.A.

   1   41

Industrials – 0.1%

Aena S.A.

   —*   41

Ferrovial S.A.

   2   54
    95

Information Technology – 0.1%

Amadeus IT Holding S.A.

   1   88

Utilities – 0.1%

Iberdrola S.A.

   13   136

Red Electrica Corp. S.A.

   2   42
    178

Total Spain - 0.8%

   $937

Sweden

Consumer Discretionary – 0.1%

H & M Hennes & Mauritz AB

   3   55

Consumer Staples – 0.0%

Svenska Cellulosa Aktiebolaget SCA (publ), Class B

   2   59

Swedish Match AB

   1   40
    99

Financials – 0.1%

Investor AB, B Shares

   1   64

Kinnevik AB, Class B

   1   33

Skandinaviska Enskilda Banken AB, Series A

   3   29

Svenska Handelsbanken AB, Class A

   4   44

Swedbank AB

   2   34
    204

Industrials – 0.4%

AB Volvo, Class B

   4   72

Alfa Laval AB

   1   27

Assa Abloy AB, Class B

   3   64

Atlas Copco AB, Class A

   6   143

Sandvik AB

   3   62
    368

Information Technology – 0.1%

Hexagon AB, Class B

   1   40

Telefonaktiebolaget LM Ericsson, B Shares

   9   74
    114

Materials – 0.0%

Boliden AB

   1   26

Total Sweden - 0.7%

   $866

Switzerland

Communication Services – 0.0%

Swisscom AG, Registered Shares

   —*   35

Consumer Discretionary – 0.1%

Compagnie Financiere Richemont S.A.

   1   101

Swatch Group Ltd. (The), Bearer Shares

   —*   32
    133

Consumer Staples – 0.7%

Chocoladefabriken Lindt & Sprungli AG(B)

   —*   47

Nestle S.A., Registered Shares

   7   789
    836

Financials – 0.7%

Chubb Ltd.

   1   172

Credit Suisse Group AG, Registered Shares

   8   105

Julius Baer Group Ltd.

   1   36

Partners Group Holding AG

   —*   47

Swiss Life Holding Zurich

   —*   53

Swiss Re Ltd.

   1   89

UBS Group AG

   9   113

Zurich Financial Services, Registered Shares

   —*   140
    755

Health Care – 1.1%

Alcon, Inc.(A)

   1   56

Givaudan S.A., Registered Shares

   —*   81

Lonza Group Ltd., Registered Shares

   —*   80

Novartis AG, Registered Shares

   5   479

Roche Holdings AG, Genusscheine

   2   530

Sonova Holding AG

   —*   43

Straumann Holding AG

   —*   38

Vifor Pharma AG

   —*   36
    1,343

Industrials – 0.4%

ABB Ltd.

   5   110

Ferguson plc

   1   60

Geberit AG, Registered

   —*   75

Schindler Holding AG

   —*   34
 

SGS S.A.

   —*   49
    328

Information Technology – 0.1%

STMicroelectronics N.V.

   3   68

TEMENOS Group AG

   —*   37
    105

Materials – 0.3%

Clariant Ltd., Registered Shares

   1   23

Glencore International plc

   32   99

LafargeHolcim Ltd.

   1   68

Sika AG

   —*   71
    261

Total Switzerland - 3.4%

   $3,796

Taiwan

Communication Services – 0.0%

Chunghwa Telecom Co. Ltd.

   13   49

Consumer Staples – 0.0%

President Chain Store Corp.

   3   34

Uni-President Enterprises Corp.

   19   47
    81

Financials – 0.3%

Cathay Financial Holding Co. Ltd.

   30   43

Chailease Holding Co. Ltd.

   10   45

Chinatrust Financial Holding Co. Ltd.

   68   51

E.Sun Financial Holding Co. Ltd.

   52   49

First Commercial Bank Co. Ltd.

   48   38

Fubon Financial Holding Co. Ltd.

   28   44

Mega Financial Holding Co.

   58   60

Yuanta Financial Holdings Co. Ltd.

   92   62
    392

Industrials – 0.0%

EVA Airways Corp.

   73   33

Information Technology – 0.7%

Advanced Semiconductor Engineering, Inc.

   13   36

Asustek Computer, Inc.

   3   21

Delta Electronics, Inc.

   10   50

Hon Hai Precision Industry Co. Ltd.

   38   116

Largan Precision Co. Ltd.

   —*   49

MediaTek, Inc.

   5   70

Taiwan Semiconductor Manufacturing Co. Ltd.

   58   642

United Microelectronics Corp.

   66   36
    1,020

Materials – 0.2%

China Steel Corp.

   53   42

Formosa Chemicals & Fiber Corp.

   12   34

Formosa Plastics Corp.

   16   53

Nan Ya Plastics Corp.

   20   50

Taiwan Cement Corp.

   23   33
    212

Total Taiwan - 1.2%

   $1,787

Thailand

Communication Services – 0.0%

Advanced Info Service Public Co. Ltd.

   4   31

Consumer Staples – 0.0%

CP ALL plc

   23   55

Energy – 0.0%

PTT Public Co. Ltd.

   30   44

Financials – 0.0%

Kasikornbank Public Co. Ltd.

   9   46

Industrials – 0.1%

Airports of Thailand Public Co. Ltd.

   20   49

BTS Group Holdings Public Co. Ltd.

   85   37
    86

Materials – 0.0%

PTT Global Chemical Public Co. Ltd.

   14   26

Siam Cement Public Co. Ltd. (The)

   3   33
    59

Total Thailand - 0.1%

   $321

United Kingdom

Communication Services – 0.4%

BT Group plc

   25   62

Informa plc

   4   44

Pearson plc

   3   21

Vodafone Group plc

   68   132

WPP Group plc

   4   50
    309

Consumer Discretionary – 0.3%

Aptiv plc

   1   61

Barratt Developments plc

   4   43

Burberry Group plc

   1   38

Compass Group plc

   4   101

Fiat S.p.A.

   3   50

InterContinental Hotels Group plc

   1   48

NEXT plc

   1   48

Ocado Group plc(A)

   2   27

Persimmon plc

   1   51
    467

Consumer Staples – 1.0%

British American Tobacco plc

   6   242

Coca-Cola European Partners plc

   1   34

Coca-Cola HBC AG

   1   37

Diageo plc

   6   260

Imperial Tobacco Group plc

   3   65

Reckitt Benckiser Group plc

   2   143

Tesco plc

   25   85

Unilever N.V., Certicaaten Van Aandelen

   4   215

Unilever plc

   2   131
    1,212

Energy – 0.2%

BP plc

   47   292

TechnipFMC plc(A)

   1   27
    319

Financials – 1.1%

3i Group plc

   3   46

Aviva plc

   14   76

Barclays plc

   42   101

HSBC Holdings plc

   45   356

Legal & General Group plc

   23   94

Lloyds Banking Group plc

   175   145

London Stock Exchange Group plc, New Ordinary Shares

   1   68

Prudential plc

   6   121

Royal Bank of Scotland Group plc (The)

   14   46

Standard Chartered plc

   8   72

Willis Towers Watson plc

   —*   69
    1,194

Health Care – 0.6%

AstraZeneca plc

   3   321

GlaxoSmithKline plc

   12   275

Smith & Nephew plc

   3   61
    657

Industrials – 0.4%

Allegion plc

   —*   51

Ashtead Group plc

   1   46

BAE Systems plc

   9   66

Bunzl plc

   1   35

Experian plc

   3   87

IHS Markit Ltd.(A)

   1   68

Intertek Group plc

   1   46

Melrose Industries plc

   15   48

RELX plc

   5   114

Rentokil Initial plc

   6   38

Rolls-Royce Group plc

   208   40

Smiths Group plc

   2   42

Spirax-Sarco Engineering plc

   —*   37
    718

Information Technology – 0.1%

Halma plc

   2   45

Sage Group plc

   4   38
    83

Materials – 0.6%

Amcor plc

   5   51

Anglo American plc

   3   85

Croda International plc

   1   42

Johnson Matthey plc

   1   29

Linde plc

   1   272

Rio Tinto Ltd.

   1   69

Rio Tinto plc

   3   153
    701

Utilities – 0.2%

National Grid plc

   9   107

SSE plc

   3   61

United Utilities Group plc

   4   48
    216

Total United Kingdom - 4.9%

   $5,876

United States

Communication Services – 5.8%

Activision Blizzard, Inc.

   2   119

Alphabet, Inc., Class A(A)

   1   971

Alphabet, Inc., Class C(A)

   1   1,014

AT&T, Inc.

   18   687

CenturyLink, Inc.

   3   35

Charter Communications, Inc., Class A(A)

   —*   184

Comcast Corp., Class A

   11   482

Discovery, Inc.(A)

   2   47

Electronic Arts, Inc.(A)

   1   85

Facebook, Inc., Class A(A)

   6   1,201

Fox Corp., Class A

   1   54

IAC/InterActiveCorp(A)

   —*   57

Liberty Broadband Corp.(A)

   —*   46

Liberty Global, Inc., Series C(A)

   2   41

Liberty Media Corp., Class C(A)

   1   31

Live Nation, Inc.(A)

   1   36

Netflix, Inc.(A)

   1   353

Omnicom Group, Inc.

   1   42

SBA Communications Corp.

   —*   83

Sirius XM Holdings, Inc.

   5   33

Take-Two Interactive Software,
Inc.(A)

   —*   41

T-Mobile U.S., Inc.(A)

   1   71

Twitter, Inc.(A)

   2   60

Verizon Communications, Inc.

   10   605

ViacomCBS, Inc., Class B

   1   40

Walt Disney Co. (The)

   4   624
 

Zayo Group Holdings, Inc.(A)

   1   32
   

 

    7,074
   

 

Consumer Discretionary – 5.4%

Amazon.com, Inc.(A)

   1   1,883

Aramark

   1   32

AutoZone, Inc.(A)

   —*   74

Best Buy Co., Inc.

   1   65

Booking Holdings, Inc.(A)

   —*   216

Burlington Stores, Inc.(A)

   —*   46

CarMax, Inc.(A)

   1   52

Carnival Corp.

   1   46

Chipotle Mexican Grill, Inc., Class A(A)

   —*   68

D.R. Horton, Inc.

   1   58

Darden Restaurants, Inc.

   —*   37

Dollar General Corp.

   1   108

Dollar Tree, Inc.(A)

   1   65

Domino’s Pizza, Inc.

   —*   36

eBay, Inc.

   2   90

Expedia, Inc.

   —*   44

Ford Motor Co.

   10   91

Garmin Ltd.

   —*   35

General Motors Co.

   3   110

Genuine Parts Co.

   —*   50

Hasbro, Inc.

   —*   39

Home Depot, Inc. (The)

   3   574

Kohl’s Corp.

   1   28

Las Vegas Sands, Inc.

   1   65

Lennar Corp.

   1   49

LKQ Corp.(A)

   1   40

Lowe’s Co., Inc.

   2   228

Marriott International, Inc., Class A

   1   109

McDonalds Corp.

   2   349

MGM Resorts International

   2   51

NIKE, Inc., Class B

   3   310

Norwegian Cruise Line Holdings Ltd.(A)

   1   39

NVR, Inc.(A)

   —*   42

O’Reilly Automotive, Inc.(A)

   —*   85

Pulte Homes, Inc.

   1   40

Roku, Inc.(A)

   —*   30

Ross Stores, Inc.

   1   113

Royal Caribbean Cruises Ltd.

   —*   61

Starbucks Corp.

   3   253

TAL Education Group ADR(A)

   2   76

Target Corp.

   1   166

Tesla Motors, Inc.(A)

   —*   138

Tiffany & Co.

   —*   59

TJX Cos., Inc. (The)

   3   173

Tractor Supply Co.

   —*   37

Ulta Beauty, Inc.(A)

   —*   44

V.F. Corp.

   1   84

Vail Resorts, Inc.

   —*   32

Wayfair, Inc., Class A(A)(B)

   —*   19

Whirlpool Corp.

   —*   37

Wynn Resorts Ltd.

   —*   37

YUM! Brands, Inc.

   1   79
   

 

    6,692
   

 

Consumer Staples – 4.6%

Altria Group, Inc.

   5   233

Archer Daniels Midland Co.

   2   72

Brown-Forman Corp., Class B

   1   53

Bunge Ltd.

   —*   18

Campbell Soup Co.

   1   27

Church & Dwight Co., Inc.

   1   59

Clorox Co. (The)

   —*   64

Coca-Cola Co. (The)

   10   528

Colgate-Palmolive Co.

   2   147

ConAgra Foods, Inc.

   2   53

Constellation Brands, Inc.

   —*   77

Costco Wholesale Corp.

   1   307

CVS Caremark Corp.

   3   232

Estee Lauder Co., Inc. (The), Class A

   1   113

General Mills, Inc.

   2   86

Hershey Foods Corp.

   —*   63

Hormel Foods Corp.

   1   35

J.M. Smucker Co. (The)

   —*   37

Kellogg Co.

   1   48

Kimberly-Clark Corp.

   1   129

Kraft Foods Group, Inc.

   2   68

Kroger Co. (The)

   2   63

Lamb Weston Holdings, Inc.

   —*   40

McCormick & Co., Inc.(B)

   —*   56

Molson Coors Brewing Co., Class B

   1   32

Mondelez International, Inc., Class A

   3   178

Monster Beverage Corp.(A)

   1   73

PepsiCo, Inc.

   3   440

Philip Morris International, Inc.

   4   330

Procter & Gamble Co. (The)

   6   748

Sysco Corp.

   1   101

Tyson Foods, Inc.

   1   67

Walgreen Co.

   2   126

Wal-Mart Stores, Inc.

   3   389
   

 

    5,092
   

 

Energy – 2.5%

Apache Corp.

   1   28

Cabot Oil & Gas Corp.

   1   24

CF Industries Holdings, Inc.

   1   34

Cheniere Energy, Inc.(A)

   1   38

Chevron Corp.

   4   535

Concho Resources, Inc.

   1   55

ConocoPhillips

   3   192

Devon Energy Corp.

   1   36

Diamondback Energy, Inc.

   —*   43

EOG Resources, Inc.

   1   125

Exxon Mobil Corp.

   10   693

Halliburton Co.

   2   59

Hess Corp.

   1   56

Kinder Morgan, Inc.

   5   110

Marathon Oil Corp.

   2   34

Marathon Petroleum Corp.

   2   106

National Oilwell Varco, Inc.

   2   40

Noble Energy, Inc.

   1   37

Occidental Petroleum Corp.

   2   96

ONEOK, Inc.

   1   78

Phillips 66

   1   119

Pioneer Natural Resources Co.

   —*   72

Schlumberger Ltd.

   4   145

Targa Resources Corp.

   1   26

Valero Energy Corp.

   1   96

Williams Co., Inc. (The)

   3   80
   

 

    2,957
   

 

Financials – 7.0%

Aflac, Inc.

   2   87

Alleghany Corp.(A)

   —*   37

Allstate Corp. (The)

   1   89

Ally Financial, Inc.

   1   35

American Express Co.

   2   200

American International Group, Inc.

   2   112

Ameriprise Financial, Inc.

   —*   62

Annaly Capital Management, Inc.

   4   38

Aon plc

   1   131

Arthur J. Gallagher & Co.

   1   48

Bank of America Corp.

   22   770

Bank of New York Mellon Corp. (The)

   2   115

Berkshire Hathaway, Inc.,
Class B(A)

   3   687

BlackRock, Inc., Class A

   —*   138

Blackstone Group, Inc. (The), Class A

   2   98

Capital One Financial Corp.

   1   115

Charles Schwab Corp. (The)

   3   138

Chicago Board Options Exchange, Inc.

   —*   43

Cincinnati Financial Corp.

   1   57

Citigroup, Inc.

   6   443

Citizens Financial Group, Inc.

   1   50

CME Group, Inc.

   1   170

Comerica, Inc.

   —*   33

Discover Financial Services

   1   76

E*TRADE Financial Corp.

   1   34

Fidelity National Information Services, Inc.

   1   202

Fifth Third Bancorp

   2   55

First Republic Bank

   —*   49

FNF Group

   1   53

Franklin Resources, Inc.

   1   30

Goldman Sachs Group, Inc. (The)

   1   196

Hartford Financial Services Group, Inc. (The)

   1   51

Huntington Bancshares, Inc.

   3   49

Intercontinental Exchange, Inc.

   1   113

Invesco Ltd.

   1   24

JPMorgan Chase & Co.

   8   1,077

KeyCorp

   3   64

KKR & Co.

   2   45

Lincoln National Corp.

   1   35

Loews Corp.

   1   42

M&T Bank Corp.

   —*   65

Markel Corp.(A)

   —*   42

MarketAxess Holdings, Inc.

   —*   39

Marsh & McLennan Cos., Inc.

   1   146

MetLife, Inc.

   2   104

Moody’s Corp.

   —*   93

Morgan Stanley

   3   160

MSCI, Inc., Class A

   —*   64

NASDAQ, Inc.

   —*   29

Northern Trust Corp.

   1   57

PNC Financial Services Group, Inc. (The)

   1   182

Principal Financial Group, Inc.

   1   46

Progressive Corp. (The)

   1   101

Prudential Financial, Inc.

   1   96

Raymond James Financial, Inc.

   —*   32

Regions Financial Corp.

   3   59

S&P Global, Inc.

   1   163

State Street Corp.

   1   92

SVB Financial Group(A)

   —*   38

Synchrony Financial

   2   65

T. Rowe Price Group, Inc.

   1   79

TD Ameritrade Holding Corp.

   1   36

Travelers Co., Inc. (The)

   1   90

Truist Financial Corp.

   3   173

U.S. Bancorp

   4   209

Voya Financial, Inc.

   1   38

Wells Fargo & Co.

   10   541

Zions Bancorporation

   1   40
   

 

    8,770
   

 

Health Care – 7.5%

Abbott Laboratories

   4   354

AbbVie, Inc.

   4   321

Abiomed, Inc.(A)

   —*   20

Agilent Technologies, Inc.

   1   76

Alexion Pharmaceuticals, Inc.(A)

   1   66

Align Technology, Inc.(A)

   —*   59

Allergan plc

   1   169

Alnylam Pharmaceuticals, Inc.(A)

   —*   45

AmerisourceBergen Corp.

   —*   40

Amgen, Inc.

   1   354

Anthem, Inc.

   1   176

Bausch Health Cos., Inc.(A)

   1   32

Baxter International, Inc.

   1   96

Becton Dickinson & Co.

   1   181

Biogen, Inc.(A)

   1   157
 

BioMarin Pharmaceutical,
Inc.(A)

     1     44

Boston Scientific Corp.(A)

     4     158

Bristol-Myers Squibb Co.

     6     382

Cardinal Health, Inc.

     1     47

Centene Corp.(A)

     1     74

Cerner Corp.

     1     60

Cigna Corp.

     1     190

Cooper Cos., Inc. (The)

     — *    47

Danaher Corp.

     1     215

Dentsply Sirona, Inc.

     1     41

DexCom, Inc.(A)

     — *    55

Edwards Lifesciences Corp.(A)

     1     125

Elanco Animal Health, Inc.(A)

     1     36

Eli Lilly and Co.

     2     270

Exact Sciences Corp.(A)

     — *    33

Gilead Sciences, Inc.

     3     214

HCA Holdings, Inc.

     1     107

Henry Schein, Inc.(A)

     1     35

Hologic, Inc.(A)

     1     49

Humana, Inc.

     — *    123

IDEXX Laboratories, Inc.(A)

     — *    71

Illumina, Inc.(A)

     — *    129

Incyte Corp.(A)

     1     45

Intuitive Surgical, Inc.(A)

     — *    173

Ionis Pharmaceuticals, Inc.(A)

     — *    26

Jazz Pharmaceuticals plc(A)

     — *    31

Johnson & Johnson

     6     935

Laboratory Corp. of America Holdings(A)

     — *    55

McKesson Corp.

     1     78

Merck & Co., Inc.

     6     550

Mettler-Toledo International,
Inc.(A)

     — *    60

Mylan, Inc.(A)

     1     28

PerkinElmer, Inc.

     — *    36

Perrigo Co. Ltd.

     — *    19

Pfizer, Inc.

     13     514

Quest Diagnostics, Inc.

     — *    45

Quintiles Transnational Holdings, Inc.(A)

     — *    72

Regeneron Pharmaceuticals,
Inc.(A)

     — *    82

ResMed, Inc.

     — *    65

STERIS plc

     — *    34

Stryker Corp.

     1     161

Teleflex, Inc.

     — *    56

Thermo Fisher Scientific, Inc.

     1     314

UnitedHealth Group, Inc.

     2     658

Universal Health Services, Inc., Class B

     — *    33

Varian Medical Systems, Inc.(A)

     — *    40

Veeva Systems, Inc., Class A(A)

     — *    56

Vertex Pharmaceuticals, Inc.(A)

     1     150

Waters Corp.(A)

     — *    61

WellCare Health Plans,
Inc.(A)(C)

     — *    43

Zimmer Holdings, Inc.

     1     82

Zoetis, Inc.

     1     170
   

 

              9,323
   

 

Industrials – 5.0%

3M Co.

     1     242

AMETEK, Inc.

     1     57

Arconic, Inc.

     1     36

Boeing Co. (The)

     1     415

C.H. Robinson Worldwide, Inc.

     — *    30

Caterpillar, Inc.

     1     221

Cintas Corp.

     — *    72

Copart, Inc.(A)

     1     67

CoStar Group, Inc.(A)

     — *    62

CSX Corp.

     2     134

Cummins, Inc.

     — *    81

Deere & Co.

     1     137

Dover Corp.

     — *    56

Eaton Corp.

     1     96

Emerson Electric Co.

     2     119

Equifax, Inc.

     — *    48

Expeditors International of Washington, Inc.

     1     44

Fastenal Co.

     2     61

FedEx Corp.

     1     97

Fortive Corp.

     1     59

General Dynamics Corp.

     1     97

General Electric Co.

     23     257

HEICO Corp., Class A

     — *    34

Honeywell International, Inc.

     2     294

IDEX Corp.

     — *    51

Illinois Tool Works, Inc.

     1     138

Ingersoll-Rand plc

     1     81

Jacobs Engineering Group, Inc.

     — *    35

Johnson Controls, Inc.

     2     73

Kansas City Southern

     — *    46

L3Harris Technologies, Inc.

     1     106

Lennox International, Inc.

     — *    29

Lockheed Martin Corp.

     1     240

Masco Corp.

     1     54

Norfolk Southern Corp.

     1     142

Northrop Grumman Corp.

     — *    134

Old Dominion Freight Line, Inc.

     — *    42

PACCAR, Inc.

     1     81

Parker Hannifin Corp.

     — *    84

Raytheon Co.

     1     151

Republic Services, Inc., Class A

     1     49

Rockwell Automation, Inc.

     — *    75

Roper Industries, Inc.

     — *    86

Snap-on, Inc.

     — *    35

Stanley Black & Decker, Inc.

     — *    72

Textron, Inc.

     1     28

TransDigm Group, Inc.

     — *    76

TransUnion

     1     45

Union Pacific Corp.

     2     306

United Parcel Service, Inc., Class B

     2     204

United Rentals, Inc.(A)

     — *    43

United Technologies Corp.

     2     272

Verisk Analytics, Inc., Class A

     — *    58

W.W. Grainger, Inc.

     — *    45

Waste Connections, Inc.

     1     73

Waste Management, Inc.

     1     100

Westinghouse Air Brake Technologies Corp.

     1     46

XPO Logistics, Inc.(A)(B)

     — *    25

Xylem, Inc.

     1     44
   

 

              5,985
   

 

Information Technology – 12.9%

Adobe, Inc.(A)

     1     392

Advanced Micro Devices,
Inc.(A)(B)

     3     121

Akamai Technologies, Inc.(A)

     — *    41

Amphenol Corp., Class A

     1     86

Analog Devices, Inc.

     1     115

ANSYS, Inc.(A)

     — *    67

Apple, Inc.

     11     3,210

Applied Materials, Inc.

     2     148

Arista Networks, Inc.(A)

     — *    28

Autodesk, Inc.(A)

     1     115

Automatic Data Processing, Inc.

     1     150

Broadcom Corp., Class A

     1     312

Broadridge Financial Solutions, Inc.

     — *    37

Cadence Design Systems,
Inc.(A)

     1     65

CDW Corp.

     — *    62

Check Point Software Technologies Ltd.(A)

     — *    45

Cisco Systems, Inc.

     10     483

Citrix Systems, Inc.

     — *    49

Cognex Corp.

     1     38

Cognizant Technology Solutions Corp., Class A

     1     80

Computer Sciences Corp.

     1     39

Corning, Inc.

     2     68

Dell Technologies, Inc.,
Class V(A)

     1     26

EPAM Systems, Inc.(A)

     — *    36

F5 Networks, Inc.(A)

     — *    19

FactSet Research Systems, Inc.

     — *    28

Fiserv, Inc.(A)

     1     162

FleetCor Technologies, Inc.(A)

     — *    74

Fortinet, Inc.(A)

     — *    43

Garter, Inc., Class A(A)

     — *    45

Global Payments, Inc.

     1     149

GoDaddy, Inc., Class A(A)

     1     34

Hewlett Packard Enterprise Co.

     4     58

Hewlett-Packard Co.

     4     80

Intel Corp.

     11     653

International Business Machines Corp.

     2     269

Intuit, Inc.

     1     162

Juniper Networks, Inc.

     1     26

Keysight Technologies, Inc.(A)

     1     56

KLA Corp.

     — *    85

Lam Research Corp.

     — *    129

Leidos Holdings, Inc.

     — *    35

Marvell Technology Group Ltd.

     2     51

MasterCard, Inc., Class A

     2     649

Maxim Integrated Products, Inc.

     1     53

Microchip Technology, Inc.(B)

     1     72

Micron Technology, Inc.(A)

     3     143

Microsoft Corp.

     18               2,770

Motorola Solutions, Inc.

     — *    76

NetApp, Inc.

     1     45

NortonLifeLock, Inc.

     2     49

NVIDIA Corp.

     1     346

Okta, Inc.(A)

     — *    36

ON Semiconductor Corp.(A)

     1     36

Oracle Corp.

     5     290

Palo Alto Networks, Inc.(A)

     — *    63

Paychex, Inc.

     1     57

Paycom Software, Inc.(A)

     — *    39

PayPal, Inc.(A)

     3     295

PTC, Inc.(A)

     — *    32

Qorvo, Inc.(A)

     — *    43

QUALCOMM, Inc.

     3     268

salesforce.com, Inc.(A)

     2     325

Seagate Technology

     1     42

ServiceNow, Inc.(A)

     — *    137

Skyworks Solutions, Inc.

     — *    57

Snap, Inc., Class A(A)

     2     34

Splunk, Inc.(A)

     — *    63

Square, Inc., Class A(A)

     1     54

SS&C Technologies Holdings, Inc.

     1     40

Synopsys, Inc.(A)

     — *    58

TE Connectivity Ltd.

     1     81

Texas Instruments, Inc.

     2     287

Trimble Navigation Ltd.(A)

     1     40

Twilio, Inc., Class A(A)(B)

     — *    32

VeriSign, Inc.(A)

     — *    59

Visa, Inc., Class A

     4     769

VMware, Inc., Class A(A)

     — *    34

Western Digital Corp.

     1     49

Workday, Inc., Class A(A)

     — *    64

Xilinx, Inc.

     1     78
 

Zebra Technologies Corp., Class A(A)(C)

     — *    41
   

 

            15,677
   

 

Materials – 1.6%

Air Products and Chemicals, Inc.

     1     127

Avery Dennison Corp.

     — *    44

Ball Corp.

     1     63

Celanese Corp., Series A

     — *    49

Corteva, Inc.

     2     55

Crown Holdings, Inc.(A)

     — *    31

Dow, Inc.

     2     107

DuPont De Nemours, Inc.

     2     120

Eastman Chemical Co.

     1     45

Ecolab, Inc.

     1     114

FMC Corp.

     — *    46

Freeport-McMoRan Copper & Gold, Inc., Class B

     4     49

International Flavors & Fragrances, Inc.(B)

     — *    34

International Paper Co.

     1     45

LyondellBasell Industries N.V., Class A

     1     80

Martin Marietta Materials, Inc.

     — *    50

Mosaic Co. (The)

     1     32

Newmont Goldcorp Corp.

     2     87

Nucor Corp.

     1     49

Packaging Corp. of America

     — *    29

PPG Industries, Inc.

     1     90

Sherwin-Williams Co. (The)

     — *    126

Vulcan Materials Co.

     — *    53

WestRock Co.

     1     40

Weyerhaeuser Co.

     3     82
   

 

    1,647
   

 

Real Estate – 1.7%

Alexandria Real Estate Equities, Inc.

     — *    59

American Tower Corp., Class A

     1     249

AvalonBay Communities, Inc.

     — *    70

Boston Properties, Inc.

     1     69

CB Richard Ellis Group, Inc.(A)

     1     48

Crown Castle International Corp.

     1     140

Digital Realty Trust, Inc.

     1     66

Duke Realty Corp.

     2     58

Equinix, Inc.

     — *    131

Equity Residential

     1     70

Essex Property Trust, Inc.

     — *    54

Extra Space Storage, Inc.

     — *    42

Healthpeak Properties, Inc.

     1     51

Hilton Worldwide Holdings, Inc.

     1     84

Host Hotels & Resorts, Inc.

     3     50

Invitation Homes, Inc.

     2     46

Iron Mountain, Inc.

     1     35

Mid-America Apartment Communities, Inc.

     — *    44

ProLogis, Inc.

     2     146

Public Storage, Inc.

     — *    69

Realty Income Corp.

     1     62

Simon Property Group, Inc.

     1     112

Sun Communities, Inc.

     — *    46

UDR, Inc.

     1     39

Ventas, Inc.

     1     58

W.P. Carey, Inc.

     1     42

Welltower, Inc.

     1     82
   

 

    2,022
   

 

Utilities – 1.8%

AES Corp. (The)

     2     44

Alliant Energy Corp.

     1     35

Ameren Corp.

     1     41

American Electric Power Co., Inc.

     1     96

American Water Works Co., Inc.

     — *    57

Atmos Energy Corp.

     — *    34

CenterPoint Energy, Inc.

     1     38

CMS Energy Corp.

     1     44

Consolidated Edison, Inc.

     1     57

Dominion Energy, Inc.

     2     152

DTE Energy Co.

     — *    48

Duke Energy Corp.

     2     148

Edison International

     1     72

Entergy Corp.

     — *    51

Evergy, Inc.

     1     41

Eversource Energy

     1     66

Exelon Corp.

     2     93

FirstEnergy Corp.

     1     62

NextEra Energy, Inc.

     1     265

NiSource, Inc.

     1     33

NRG Energy, Inc.

     1     36

Pinnacle West Capital Corp.

     — *    28

PPL Corp.

     2     73

Public Service Enterprise Group, Inc.

     1     69

Sempra Energy

     1     101

Southern Co. (The)

     2     151

UGI Corp.

     1     31

Vistra Energy Corp.

     1     27

WEC Energy Group, Inc.

     1     67

Xcel Energy, Inc.

     1     66
   

 

              2,126
   

 

Total United States - 55.8%

 

   $67,365

TOTAL COMMON STOCKS – 99.1%

 

   $121,992

(Cost: $102,464)

PREFERRED STOCKS            

Germany

Consumer Discretionary – 0.1%

Volkswagen AG, 2.260%

     1     105
   

 

Consumer Staples – 0.1%

Henkel AG & Co. KGaA

     — *    48
   

 

Total Germany - 0.2%

 

   $153

South Korea

Information Technology – 0.1%

Samsung Electronics Co. Ltd.

     2     80
   

 

Total South Korea - 0.1%

 

   $80

TOTAL PREFERRED STOCKS – 0.3%

 

   $233

(Cost: $218)

RIGHTS

Spain – 0.0%

Repsol YPF S.A.

     3     1
   

 

TOTAL RIGHTS – 0.0%

 

   $1

(Cost: $2)

WARRANTS            

Thailand – 0.0%

BTS Group Holdings Public Co. Ltd., Expires 12-30-40(D)

     8     $—
   

 

TOTAL WARRANTS – 0.0%

 

   $—

(Cost: $–)

SHORT-TERM

SECURITIES

        

Money Market Funds (E) – 0.5%

State Street Institutional U.S. Government Money Market Fund - Premier Class

    

1.550%

   72   72

Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares

    

1.550% (F)

   579   579
   

 

    651
   

 

TOTAL SHORT-TERM SECURITIES – 0.5%

   $651

(Cost: $651)

TOTAL INVESTMENT SECURITIES – 99.9%       $122,877

(Cost: $103,335)

CASH AND OTHER ASSETS, NET OF LIABILITIES – 0.1%

   167
NET ASSETS – 100.0%   $123,044
 

Notes to Schedule of Investments

 

 *

Not shown due to rounding.

(A)

No dividends were paid during the preceding 12 months.

(B)

All or a portion of securities with an aggregate value of $783 are on loan.

(C)

Securities were purchased pursuant to an exemption from registration available under Rule 144A under the Securities Act of 1933 and may only be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2019 the total value of these securities amounted to $304 or 0.2% of net assets.

(D)

Warrants entitle the Fund to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date, if any.

(E)

Rate shown is the annualized 7-day yield at December 31, 2019.

(F)

Investment made with cash collateral received from securities on loan.

Each Fund’s investments are reported at fair value. Fair value is defined as the price that each Fund would receive upon selling an asset or would pay upon satisfying a liability in an orderly transaction between market participants at the measurement date.

Accounting standards establish a framework for measuring fair value and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the factors that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Reoccurring fair value measurements of Level 3 securities shall include a reconciliation of the beginning to ending balances for reported fair market values. A fair value hierarchy and Level 3 reconciliation, if applicable, have been included in the Notes to Schedule of Investments for each respective Fund.

An individual investment’s fair value measurement is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized as follows:

• Level 1 - Observable inputs such as quoted prices, available in active markets, for identical assets or liabilities.

• Level 2 - Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 - Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Board or persons acting at their direction that are used in determining the fair market value of investments.

The following table is a summary of the valuation of the Fund’s investments by the fair value hierarchy levels as of December 31, 2019:

 

    Level 1     Level 2     Level 3  

 

  

Assets

      

Investments in Securities

      

Common Stocks

      

Communication Services

   $ 9,249     $ 1,258     $ —    

Consumer Discretionary

     9,919       2,527                   —    

Consumer Staples

     8,047       2,025       —    

Energy

     5,888       597       —    

Financials

     16,322       4,171       —    

Health Care

     11,356       3,011       —    

Industrials

     9,019       3,688       —    

Information Technology

           18,570             2,361       —    

Materials

     4,554       1,416       —    

Real Estate

     3,125       782       —    

Utilities

     3,339       768       —    
 

 

 

  

Total Common Stocks

   $ 99,388     $ 22,604     $ —    

Preferred Stocks

     —       233       —    

Rights

     1       —       —    

Short-Term Securities

     651       —       —    
 

 

 

  

Total

   $ 100,040     $ 22,837     $ —    
 

 

 

  

The following acronyms are used throughout this schedule:

ADR = American Depositary Receipts

GDR = Global Depositary Receipts

For Federal income tax purposes, cost of investments owned at December 31, 2019 and the related unrealized appreciation (depreciation) were as follows:

 

Cost

    $103,335

Gross unrealized appreciation

                    23,605

Gross unrealized depreciation

    (4,063)

Net unrealized appreciation

    $19,542