NPORT-EX 2 DIGBook2edgar.htm EX
The U.S. Large Cap Value Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
    
      Shares   Value†
COMMON STOCKS — (98.5%)
COMMUNICATION SERVICES — (12.6%)
 
Activision Blizzard, Inc.
  71,135   $5,877,885
 
AT&T, Inc.
  26,929,928   796,587,270
#
CenturyLink, Inc.
  7,137,100   68,873,015
# *
Charter Communications, Inc., Class A
  909,786   527,675,880
 
Comcast Corp., Class A
  18,885,857   808,314,680
# *
Discovery, Inc., Class A
  1,025,284   21,633,492
*
Discovery, Inc., Class C
  1,502,102   28,464,833
*
DISH Network Corp., Class A
  631,400   20,274,254
#
Fox Corp., Class A
  827,381   21,321,608
*
Fox Corp., Class B
  322,091   8,300,285
*
GCI Liberty, Inc., Class A
  59,566   4,669,379
 
Interpublic Group of Cos., Inc. (The)
  601,891   10,864,132
*
Liberty Broadband Corp., Class A
  27,366   3,694,684
*
Liberty Broadband Corp., Class C
  180,560   24,785,471
# *
Liberty Media Corp.-Liberty Formula One, Class A
  39,281   1,299,808
*
Liberty Media Corp.-Liberty Formula One, Class C
  78,562   2,784,237
*
Liberty Media Corp.-Liberty SiriusXM, Class A
  157,126   5,466,413
*
Liberty Media Corp.-Liberty SiriusXM, Class C
  358,516   12,544,475
*
Madison Square Garden Entertainment Corp.
  12,866   911,685
#
News Corp., Class A
  527,829   6,713,985
 
News Corp., Class B
  64,856   827,563
# *
T-Mobile US, Inc.
  1,358,407   145,865,744
 
Verizon Communications, Inc.
  1,214,585   69,814,346
#
ViacomCBS, Inc., Class A
  2,909   80,696
#
ViacomCBS, Inc., Class B
  1,165,067   30,373,297
 
Walt Disney Co. (The)
  2,613,887   305,667,946
# *
Zillow Group, Inc., Class C
  6,600   451,374
TOTAL COMMUNICATION SERVICES
      2,934,138,437
CONSUMER DISCRETIONARY — (6.4%)
 
Advance Auto Parts, Inc.
  261,735   39,296,893
 
Aptiv P.L.C.
  15,300   1,189,575
 
Aramark
  1,080,639   22,823,096
#
Autoliv, Inc.
  418,017   27,183,645
#
BorgWarner, Inc.
  1,108,515   40,571,649
*
Capri Holdings, Ltd.
  24,034   360,029
# *
CarMax, Inc.
  284,876   27,624,426
#
Carnival Corp.
  1,353,266   18,783,332
*
Dollar Tree, Inc.
  461,675   43,097,361
 
DR Horton, Inc.
  3,077,410   203,601,446
 
Ford Motor Co.
  14,521,936   95,989,997
#
Gap, Inc. (The)
  942,706   12,603,979
 
Garmin, Ltd.
  539,936   53,232,290
 
General Motors Co.
  5,911,367   147,133,925
 
Gentex Corp.
  1,388,344   37,471,404
 
Genuine Parts Co.
  729   65,719
#
Harley-Davidson, Inc.
  351,262   9,143,350
 
Hasbro, Inc.
  6,000   436,560
#
Hyatt Hotels Corp., Class A
  139,548   6,698,304
#
Kohl's Corp.
  522,185   9,942,402
 
Lear Corp.
  355,345   39,222,981
 
Lennar Corp., Class A
  980,125   70,912,044
 
Lennar Corp., Class B
  37,985   2,046,252
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
CONSUMER DISCRETIONARY — (Continued)
*
LKQ Corp.
  1,710,474   $48,218,262
#
MGM Resorts International
  2,363,685   38,031,692
*
Mohawk Industries, Inc.
  568,842   45,422,034
 
Newell Brands, Inc.
  402,281   6,597,408
# *
Norwegian Cruise Line Holdings, Ltd.
  89,903   1,226,277
 
PulteGroup, Inc.
  2,391,049   104,249,736
#
PVH Corp.
  349,863   17,024,334
*
Qurate Retail, Inc., Class A
  63,525   693,058
#
Ralph Lauren Corp.
  286,598   20,434,437
#
Royal Caribbean Cruises, Ltd.
  1,048,437   51,069,366
# *
Skechers U.S.A., Inc., Class A
  31,900   934,032
 
Tapestry, Inc.
  357,469   4,775,786
 
Target Corp.
  1,224,594   154,151,893
 
Tiffany & Co.
  56,092   7,031,693
#
Toll Brothers, Inc.
  212,428   8,114,750
# *
Veoneer, Inc.
  289,615   2,910,631
#
Whirlpool Corp.
  493,880   80,561,706
TOTAL CONSUMER DISCRETIONARY
      1,500,877,754
CONSUMER STAPLES — (5.2%)
 
Archer-Daniels-Midland Co.
  1,090,428   46,703,031
 
Bunge, Ltd.
  587,605   25,525,561
 
Conagra Brands, Inc.
  578,611   21,668,982
 
Constellation Brands, Inc., Class A
  213,898   38,116,624
#
Coty, Inc., Class A
  164,915   611,835
 
Ingredion, Inc.
  246,558   21,327,267
#
JM Smucker Co. (The)
  864,361   94,517,875
 
Kraft Heinz Co. (The)
  974,551   33,505,064
 
Kroger Co. (The)
  2,823,877   98,242,681
#
Molson Coors Beverage Co., Class B
  612,291   22,973,158
 
Mondelez International, Inc., Class A
  3,331,133   184,844,570
# *
Pilgrim's Pride Corp.
  6,211   95,339
# *
Post Holdings, Inc.
  411,384   36,506,216
 
Seaboard Corp.
  13   35,142
 
Tyson Foods, Inc., Class A
  1,708,709   105,000,168
*
US Foods Holding Corp.
  1,072,390   21,769,517
 
Walgreens Boots Alliance, Inc.
  3,325,385   135,376,423
 
Walmart, Inc.
  2,536,159   328,178,975
TOTAL CONSUMER STAPLES
      1,214,998,428
ENERGY — (8.2%)
 
Apache Corp.
  202,847   3,113,702
#
Baker Hughes Co.
  820,593   12,710,986
 
Cabot Oil & Gas Corp.
  91,300   1,707,310
 
Chevron Corp.
  6,075,451   509,973,357
 
Cimarex Energy Co.
  11,916   291,465
 
Concho Resources, Inc.
  714,804   37,555,802
 
ConocoPhillips
  5,038,126   188,375,531
 
Devon Energy Corp.
  41,490   435,230
 
Diamondback Energy, Inc.
  218,522   8,710,287
 
EOG Resources, Inc.
  509,074   23,850,117
 
Exxon Mobil Corp.
  11,758,838   494,811,903
 
Halliburton Co.
  750,288   10,751,627
#
Hess Corp.
  1,028,671   50,620,900
 
HollyFrontier Corp.
  1,099,626   30,239,715
 
Kinder Morgan, Inc.
  4,363,116   61,519,936
 
Marathon Oil Corp.
  420,347   2,307,705
 
Marathon Petroleum Corp.
  3,035,515   115,956,673
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
ENERGY — (Continued)
 
National Oilwell Varco, Inc.
  901,904   $10,380,915
#
Noble Energy, Inc.
  828,656   8,278,273
#
Occidental Petroleum Corp.
  3,385,945   53,294,774
 
Parsley Energy, Inc., Class A
  89,221   979,647
 
Phillips 66
  1,052,663   65,286,159
 
Pioneer Natural Resources Co.
  473,851   45,925,639
 
Schlumberger, Ltd.
  1,730,153   31,384,975
 
Targa Resources Corp.
  435,529   7,961,470
 
TechnipFMC P.L.C.
  1,010,948   8,117,912
 
Valero Energy Corp.
  2,213,039   124,439,183
 
Williams Cos., Inc. (The)
  292,944   5,604,019
TOTAL ENERGY
      1,914,585,212
FINANCIALS — (19.4%)
 
Aflac, Inc.
  1,555,653   55,334,577
 
Alleghany Corp.
  33,873   17,692,545
 
Allstate Corp. (The)
  792,190   74,774,814
 
Ally Financial, Inc.
  3,013,089   60,563,089
 
American Financial Group, Inc.
  352,608   21,427,988
 
American International Group, Inc.
  1,399,338   44,974,723
*
Arch Capital Group, Ltd.
  522,976   16,081,512
 
Assurant, Inc.
  226,026   24,291,014
*
Athene Holding, Ltd., Class A
  122,622   3,954,560
 
Axis Capital Holdings, Ltd.
  76,336   3,062,600
 
Bank of America Corp.
  13,423,467   333,975,859
 
Bank of New York Mellon Corp. (The)
  3,570,549   128,004,182
*
Berkshire Hathaway, Inc., Class B
  2,608,006   510,595,415
#
BOK Financial Corp.
  6,114   340,550
 
Capital One Financial Corp.
  1,998,252   127,488,478
 
Charles Schwab Corp. (The)
  3,700   122,655
 
Chubb, Ltd.
  590,560   75,142,854
 
Citigroup, Inc.
  6,552,514   327,691,225
 
Citizens Financial Group, Inc.
  912,076   22,628,606
 
CNA Financial Corp.
  188,355   6,272,222
 
Comerica, Inc.
  155,103   5,974,568
 
E*TRADE Financial Corp.
  64,016   3,250,092
 
East West Bancorp, Inc.
  105,524   3,657,462
 
Equitable Holdings, Inc.
  1,600   32,736
 
Everest Re Group, Ltd.
  128,591   28,134,425
 
Fifth Third Bancorp
  4,741,899   94,174,114
#
Franklin Resources, Inc.
  47,772   1,005,601
 
Goldman Sachs Group, Inc. (The)
  1,174,999   232,602,802
 
Hartford Financial Services Group, Inc. (The)
  2,308,918   97,713,410
 
Huntington Bancshares, Inc.
  6,621,934   61,385,328
#
Invesco, Ltd.
  87,616   879,665
 
Jefferies Financial Group, Inc.
  303,442   4,915,760
 
JPMorgan Chase & Co.
  6,441,066   622,464,618
 
KeyCorp
  4,139,762   49,718,542
#
Lincoln National Corp.
  716,472   26,702,911
 
Loews Corp.
  1,036,913   37,754,002
 
M&T Bank Corp.
  159,324   16,880,378
*
Markel Corp.
  299   312,317
 
MetLife, Inc.
  1,663,754   62,973,089
 
Morgan Stanley
  4,682,439   228,877,618
#
New York Community Bancorp, Inc.
  866,415   9,123,350
 
Northern Trust Corp.
  7,507   588,173
 
Old Republic International Corp.
  816,263   13,117,346
#
People's United Financial, Inc.
  396,896   4,282,508
 
PNC Financial Services Group, Inc. (The)
  1,281,228   136,668,591
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
 
Principal Financial Group, Inc.
  1,684,917   $71,491,028
#
Prosperity Bancshares, Inc.
  47,592   2,644,212
 
Prudential Financial, Inc.
  751,138   47,599,615
 
Regions Financial Corp.
  6,114,973   66,408,607
 
Reinsurance Group of America, Inc.
  221,354   18,870,429
 
RenaissanceRe Holdings, Ltd.
  112,797   20,346,323
#
Santander Consumer USA Holdings, Inc.
  811,033   14,890,566
 
Signature Bank
  400   41,012
 
State Street Corp.
  412,299   26,300,553
 
Synchrony Financial
  1,129,706   25,000,394
 
Synovus Financial Corp.
  149,872   3,019,921
 
TCF Financial Corp.
  136,600   3,755,134
 
Travelers Cos., Inc. (The)
  1,137,532   130,156,411
 
Truist Financial Corp.
  3,398,217   127,297,209
 
U.S. Bancorp.
  657,735   24,230,957
#
Unum Group
  780,133   13,441,692
#
Voya Financial, Inc.
  184,436   9,111,138
 
Wells Fargo & Co.
  12,295,996   298,300,863
 
WR Berkley Corp.
  260,023   16,056,420
#
Zions Bancorp NA
  923,809   29,996,078
TOTAL FINANCIALS
      4,546,567,436
HEALTH CARE — (18.5%)
 
Abbott Laboratories
  443,906   44,674,700
 
AbbVie, Inc.
  244,848   23,238,524
*
Alexion Pharmaceuticals, Inc.
  241,257   24,726,430
 
Anthem, Inc.
  1,268,678   347,364,036
 
Becton Dickinson and Co.
  110,080   30,969,907
*
Biogen, Inc.
  219,404   60,268,085
*
Bio-Rad Laboratories, Inc., Class A
  28,257   14,831,817
*
Boston Scientific Corp.
  2,600   100,282
 
Bristol-Myers Squibb Co.
  2,042,932   119,838,391
 
Cardinal Health, Inc.
  694,742   37,946,808
*
Centene Corp.
  1,669,431   108,930,373
# *
Change Healthcare, Inc.
  1,125,378   13,121,907
*
Cigna Corp.
  1,532,809   264,700,786
 
CVS Health Corp.
  5,447,574   342,870,308
 
Danaher Corp.
  1,567,775   319,512,545
*
DaVita, Inc.
  1,056,329   92,312,591
#
DENTSPLY SIRONA, Inc.
  248,765   11,094,919
*
Elanco Animal Health, Inc.
  77,428   1,829,624
#
Envista Holdings Corp.
  660,746   14,450,515
 
Gilead Sciences, Inc.
  2,830   196,770
# *
Henry Schein, Inc.
  212,081   14,576,327
 
Humana, Inc.
  519,080   203,712,946
*
IQVIA Holdings, Inc.
  253,116   40,091,043
*
Jazz Pharmaceuticals P.L.C.
  216,273   23,411,552
*
Laboratory Corp. of America Holdings
  761,302   146,870,382
 
McKesson Corp.
  566,778   85,107,384
 
Medtronic P.L.C.
  3,238,628   312,462,829
# *
Mylan NV
  3,258,350   52,492,019
 
PerkinElmer, Inc.
  110,802   13,175,466
 
Perrigo Co. P.L.C.
  386,545   20,494,616
 
Pfizer, Inc.
  22,211,961   854,716,259
 
Quest Diagnostics, Inc.
  975,068   123,901,891
 
STERIS P.L.C.
  209,661   33,468,185
# *
Syneos Health, Inc.
  13,705   855,055
 
Thermo Fisher Scientific, Inc.
  1,048,159   433,885,418
*
United Therapeutics Corp.
  2,261   252,034
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
HEALTH CARE — (Continued)
 
Universal Health Services, Inc., Class B
  543,070   $59,683,393
 
Zimmer Biomet Holdings, Inc.
  323,050   43,566,523
TOTAL HEALTH CARE
      4,335,702,640
INDUSTRIALS — (11.2%)
*
AECOM
  520,350   18,831,466
 
AGCO Corp.
  298,921   19,618,185
 
Alaska Air Group, Inc.
  384,393   13,238,495
 
AMERCO
  84,734   26,922,534
 
AMETEK, Inc.
  142,769   13,313,209
 
Arcosa, Inc.
  75,409   3,183,768
 
Carlisle Cos., Inc.
  361,400   43,035,512
 
Carrier Global Corp.
  2,467,746   67,221,401
 
Cummins, Inc.
  404,064   78,089,409
 
Deere & Co.
  52,188   9,201,266
 
Delta Air Lines, Inc.
  2,880,182   71,918,144
 
Dover Corp.
  415,802   42,798,500
 
Eaton Corp. P.L.C.
  1,805,121   168,110,919
 
Emerson Electric Co.
  244,394   15,154,872
 
FedEx Corp.
  1,023,792   172,406,573
#
Fluor Corp.
  363   3,699
 
Fortive Corp.
  173,059   12,147,011
 
Fortune Brands Home & Security, Inc.
  523,155   40,021,357
 
General Dynamics Corp.
  176,807   25,944,659
 
General Electric Co.
  4,452,594   27,027,246
 
Howmet Aerospace, Inc.
  2,019,433   29,847,220
 
Hubbell, Inc.
  28,196   3,805,614
# *
Ingersoll Rand, Inc.
  796,624   25,165,352
 
Jacobs Engineering Group, Inc.
  415,660   35,476,581
# *
JetBlue Airways Corp.
  1,384,948   14,320,362
 
Johnson Controls International P.L.C.
  1,635,287   62,925,844
 
Kansas City Southern
  681,598   117,132,616
 
L3Harris Technologies, Inc.
  22,363   3,764,364
 
ManpowerGroup, Inc.
  242,804   16,702,487
 
Nielsen Holdings P.L.C.
  1,284,634   18,537,269
 
Norfolk Southern Corp.
  1,352,330   259,931,349
 
nVent Electric P.L.C.
  13,164   239,058
 
Oshkosh Corp.
  293,830   23,130,298
 
Otis Worldwide Corp.
  1,233,873   77,413,192
 
Owens Corning
  524,106   31,692,690
 
PACCAR, Inc.
  769,837   65,497,732
 
Parker-Hannifin Corp.
  122,331   21,887,462
 
Pentair P.L.C.
  1,025,620   43,947,817
 
Quanta Services, Inc.
  653,713   26,128,909
 
Raytheon Technologies Corp.
  2,538,848   143,901,905
 
Republic Services, Inc.
  1,841,927   160,708,131
*
Sensata Technologies Holding P.L.C.
  638,984   24,268,612
#
Snap-on, Inc.
  315,643   46,042,844
 
Southwest Airlines Co.
  1,540,288   47,579,496
 
Stanley Black & Decker, Inc.
  772,699   118,470,211
 
Textron, Inc.
  1,940,539   67,802,433
 
Trane Technologies P.L.C.
  841,117   94,095,759
*
United Airlines Holdings, Inc.
  1,825,283   57,277,381
# *
United Rentals, Inc.
  235,205   36,543,801
 
Westinghouse Air Brake Technologies Corp.
  306,885   19,085,178
# *
XPO Logistics, Inc.
  847,283   63,563,171
TOTAL INDUSTRIALS
      2,625,073,363
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
INFORMATION TECHNOLOGY — (10.5%)
# *
Akamai Technologies, Inc.
  37,876   $4,258,778
 
Amdocs, Ltd.
  723,158   44,908,112
 
Analog Devices, Inc.
  610,645   70,132,578
*
Arrow Electronics, Inc.
  476,297   34,112,391
 
Avnet, Inc.
  5,178   138,356
*
CACI International, Inc., Class A
  4,400   914,408
#
Cerence, Inc.
  658   26,096
*
Ciena Corp.
  75,200   4,475,152
 
Cognizant Technology Solutions Corp., Class A
  401,043   27,399,258
#
Corning, Inc.
  3,942,053   122,203,643
 
Dolby Laboratories, Inc., Class A
  16,857   1,173,247
 
DXC Technology Co.
  1,024,395   18,346,915
 
Fidelity National Information Services, Inc.
  1,262,868   184,770,217
*
Fiserv, Inc.
  372,387   37,160,499
*
Flex, Ltd.
  1,342,960   15,430,610
 
Global Payments, Inc.
  230,621   41,055,150
 
Hewlett Packard Enterprise Co.
  8,088,422   79,832,725
 
HP, Inc.
  9,390,456   165,084,217
 
Intel Corp.
  17,012,355   811,999,704
# *
IPG Photonics Corp.
  2,234   399,908
 
Jabil, Inc.
  219,735   7,659,962
 
Juniper Networks, Inc.
  1,224,710   31,083,140
 
Lam Research Corp.
  71,254   26,874,159
 
Leidos Holdings, Inc.
  739,121   70,334,754
 
Marvell Technology Group, Ltd.
  1,122,782   40,947,860
#
Microchip Technology, Inc.
  36,436   3,706,634
*
Micron Technology, Inc.
  5,140,431   257,304,274
# *
Nuance Communications, Inc.
  4,368   119,465
*
ON Semiconductor Corp.
  2,100,656   43,273,514
*
Qorvo, Inc.
  509,820   65,333,433
 
Skyworks Solutions, Inc.
  384,886   56,031,704
 
SS&C Technologies Holdings, Inc.
  269,164   15,476,930
#
SYNNEX Corp.
  84,757   10,572,588
 
TE Connectivity, Ltd.
  993,685   88,507,523
 
Western Digital Corp.
  1,141,714   49,207,873
*
Xerox Holdings Corp.
  1,739,519   28,962,991
TOTAL INFORMATION TECHNOLOGY
      2,459,218,768
MATERIALS — (5.9%)
 
Air Products & Chemicals, Inc.
  380,605   109,092,811
#
Albemarle Corp.
  584,580   48,204,467
# *
Amcor, P.L.C.
  583,530   6,010,359
# *
Arconic Corp.
  504,858   8,224,137
 
Ball Corp.
  644   47,418
 
Celanese Corp.
  48,836   4,746,859
 
CF Industries Holdings, Inc.
  1,284,847   40,254,256
*
Corteva, Inc.
  1,044,893   29,842,144
*
Dow, Inc.
  1,432,858   58,833,149
 
DuPont de Nemours, Inc.
  1,044,893   55,880,878
 
Eastman Chemical Co.
  1,058,943   79,028,916
 
Freeport-McMoRan, Inc.
  5,353,048   69,161,380
 
Huntsman Corp.
  314,029   5,809,536
#
International Flavors & Fragrances, Inc.
  36,015   4,536,089
 
International Paper Co.
  2,100,745   73,084,919
 
Linde P.L.C.
  728,911   178,663,375
 
LyondellBasell Industries NV, Class A
  641,266   40,091,950
 
Martin Marietta Materials, Inc.
  262,681   54,422,250
 
Mosaic Co. (The)
  646,659   8,710,497
 
Newmont Corp.
  1,822,997   126,151,392
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
MATERIALS — (Continued)
 
Nucor Corp.
  2,518,486   $105,650,488
#
Packaging Corp. of America
  104,846   10,077,798
 
PPG Industries, Inc.
  9,531   1,026,012
 
Reliance Steel & Aluminum Co.
  459,415   45,142,118
 
Royal Gold, Inc.
  120,393   16,846,592
 
Sonoco Products Co.
  172,782   8,939,741
 
Steel Dynamics, Inc.
  1,698,064   46,543,934
 
Valvoline, Inc.
  1,033,732   21,212,181
 
Vulcan Materials Co.
  532,317   62,504,662
#
Westlake Chemical Corp.
  372,164   20,282,938
 
WestRock Co.
  1,131,953   30,404,258
TOTAL MATERIALS
      1,369,427,504
REAL ESTATE — (0.3%)
*
CBRE Group, Inc., Class A
  742,520   32,529,801
*
Howard Hughes Corp. (The)
  4,513   240,046
 
Jones Lang LaSalle, Inc.
  298,638   29,538,285
TOTAL REAL ESTATE
      62,308,132
UTILITIES — (0.3%)
 
MDU Resources Group, Inc.
  248,941   5,222,782
 
NRG Energy, Inc.
  1,171,828   39,619,505
 
Vistra Corp.
  1,084,247   20,232,049
TOTAL UTILITIES
      65,074,336
TOTAL COMMON STOCKS
      23,027,972,010
RIGHTS/WARRANTS — (0.0%)
ENERGY — (0.0%)
*
Occidental Petroleum Corp. 08/03/2027
  423,243   2,370,162
TOTAL INVESTMENT SECURITIES

(Cost $18,704,968,970)
      23,030,342,172
    
         
TEMPORARY CASH INVESTMENTS — (0.4%)
 
State Street Institutional U.S. Government Money Market Fund 0.092%
  99,349,112 99,349,112
SECURITIES LENDING COLLATERAL — (1.1%)
@ §
The DFA Short Term Investment Fund
  21,190,866 245,199,506
TOTAL INVESTMENTS — (100.0%)  
(Cost $19,049,477,628)^^
    $23,374,890,790
    
P.L.C. Public Limited Company
    
† See Security Valuation Note within the Notes to Schedules of Investments.
# Total or Partial Securities on Loan.
* Non-Income Producing Securities.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
The U.S. Large Cap Value Series
CONTINUED
As of July 31, 2020, The U.S. Large Cap Value Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
S&P 500® Emini Index
  1,024   09/18/20   $155,224,876   $167,091,200   $11,866,324
Total Futures Contracts
          $155,224,876   $167,091,200   $11,866,324
Summary of the Series' investments as of July 31, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Communication Services
$2,934,138,437   —   —   $2,934,138,437
Consumer Discretionary
1,500,877,754   —   —   1,500,877,754
Consumer Staples
1,214,998,428   —   —   1,214,998,428
Energy
1,914,585,212   —   —   1,914,585,212
Financials
4,546,567,436   —   —   4,546,567,436
Health Care
4,335,702,640   —   —   4,335,702,640
Industrials
2,625,073,363   —   —   2,625,073,363
Information Technology
2,459,218,768   —   —   2,459,218,768
Materials
1,369,427,504   —   —   1,369,427,504
Real Estate
62,308,132   —   —   62,308,132
Utilities
65,074,336   —   —   65,074,336
Rights/Warrants              
Energy
—   $2,370,162   —   2,370,162
Temporary Cash Investments
99,349,112   —   —   99,349,112
Securities Lending Collateral
—   245,199,506   —   245,199,506
Futures Contracts**
11,866,324   —   —   11,866,324
TOTAL
$23,139,187,446   $247,569,668   —   $23,386,757,114
** Valued at the unrealized appreciation/(depreciation) on the investment.
The DFA International Value Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
      Shares   Value»
COMMON STOCKS — (95.2%)
AUSTRALIA — (5.8%)
*
AMP, Ltd.
  7,139,150   $7,428,306
 
Aurizon Holdings, Ltd.
  1,818,522   5,799,173
 
Australia & New Zealand Banking Group, Ltd.
  7,157,003   90,898,890
#
Bendigo & Adelaide Bank, Ltd.
  1,864,815   9,154,663
 
BlueScope Steel, Ltd.
  3,397,511   27,171,192
 
Boral, Ltd.
  4,276,326   10,939,156
 
Cleanaway Waste Management, Ltd.
  214,238   317,858
 
Crown Resorts, Ltd.
  143,373   916,618
 
Downer EDI, Ltd.
  258,579   756,139
 
Fortescue Metals Group, Ltd.
  4,154,718   51,714,636
#
Harvey Norman Holdings, Ltd.
  2,695,782   7,126,651
 
Incitec Pivot, Ltd.
  6,817,226   8,935,932
 
Lendlease Corp., Ltd.
  1,673,113   13,591,653
 
National Australia Bank, Ltd.
  6,504,106   81,197,756
 
Newcrest Mining, Ltd.
  593,653   15,123,786
#
Oil Search, Ltd.
  3,372,770   6,961,394
 
Origin Energy, Ltd.
  3,985,331   15,259,342
 
QBE Insurance Group, Ltd.
  1,262,721   8,843,431
 
Qube Holdings, Ltd.
  85,513   165,236
 
Santos, Ltd.
  7,088,455   26,477,565
#
Seven Group Holdings, Ltd.
  21,126   255,628
#
South32, Ltd.
  16,280,864   23,904,225
 
Suncorp Group, Ltd.
  3,668,708   22,407,789
 
Tabcorp Holdings, Ltd.
  4,801,883   12,143,109
 
Westpac Banking Corp.
  7,945,749   95,418,654
 
Woodside Petroleum, Ltd.
  2,572,203   36,592,512
 
Worley, Ltd.
  703,009   4,079,284
TOTAL AUSTRALIA
      583,580,578
AUSTRIA — (0.0%)
*
Erste Group Bank AG
  4,899   109,655
 
Raiffeisen Bank International AG
  244,387   4,203,911
TOTAL AUSTRIA
      4,313,566
BELGIUM — (0.8%)
 
Ageas SA
  402,474   15,067,037
 
KBC Group NV
  565,642   32,250,848
#
Solvay SA
  258,796   20,085,980
 
UCB SA
  139,742   17,955,695
TOTAL BELGIUM
      85,359,560
CANADA — (8.2%)
#
AltaGas, Ltd.
  64,783   811,571
#
Bank of Montreal
  346,983   18,983,101
#
Bank of Montreal
  1,441,562   80,035,522
#
Bank of Nova Scotia (The)
  393,026   16,141,222
 
Bank of Nova Scotia (The)
  1,681,875   69,158,700
 
Barrick Gold Corp.
  346,186   10,004,748
 
Barrick Gold Corp.
  605,141   17,494,626
#
Cameco Corp.
  441,393   4,488,240
#
Cameco Corp.
  571,821   5,809,701
#
Canadian Imperial Bank of Commerce
  811,294   56,165,809
 
Canadian Imperial Bank of Commerce
  248,491   17,232,851
 
Canadian Natural Resources, Ltd.
  511,528   9,024,157
The DFA International Value Series
CONTINUED
      Shares   Value»
CANADA — (Continued)
 
Canadian Natural Resources, Ltd.
  3,417,479   $60,352,679
# *
Canopy Growth Corp.
  29,400   537,432
#
Cenovus Energy, Inc.
  2,110,053   9,410,836
 
Fairfax Financial Holdings, Ltd.
  97,836   30,654,233
 
First Quantum Minerals, Ltd.
  1,762,535   14,895,587
 
Genworth MI Canada, Inc.
  69,674   1,726,440
 
Great-West Lifeco, Inc.
  383,257   6,775,561
 
Husky Energy, Inc.
  1,238,588   3,985,452
 
iA Financial Corp., Inc.
  573,199   20,125,834
#
Imperial Oil, Ltd.
  208,007   3,253,385
#
Imperial Oil, Ltd.
  499,213   7,802,699
*
Kinross Gold Corp.
  6,255,668   58,379,074
 
Lundin Mining Corp.
  3,127,964   17,514,450
 
Magna International, Inc.
  12,386   572,487
 
Magna International, Inc.
  1,443,051   66,625,665
#
Manulife Financial Corp.
  1,542,260   20,667,861
#
Manulife Financial Corp.
  1,671,414   22,430,376
 
Nutrien, Ltd.
  3,682   119,907
 
Nutrien, Ltd.
  1,107,517   36,093,973
#
Onex Corp.
  26,937   1,197,379
 
Pembina Pipeline Corp.
  92,464   2,250,574
#
Sun Life Financial, Inc.
  23,420   912,881
 
Sun Life Financial, Inc.
  334,277   13,026,775
 
Suncor Energy, Inc.
  3,183,710   50,080,839
 
Suncor Energy, Inc.
  1,502,973   23,686,854
 
Teck Resources, Ltd., Class B
  1,005,852   10,190,311
 
Teck Resources, Ltd., Class B
  1,867,648   18,919,274
 
TMX Group, Ltd.
  14,040   1,435,184
 
Yamana Gold, Inc.
  1,314,141   8,555,058
TOTAL CANADA
      817,529,308
DENMARK — (2.7%)
 
AP Moller - Maersk A.S., Class A
  3,625   4,303,753
 
AP Moller - Maersk A.S., Class B
  3,509   4,517,599
 
Carlsberg A.S., Class B
  288,439   42,599,413
*
Danske Bank A.S.
  884,653   14,327,773
# *
Demant A.S.
  187,775   5,829,052
 
DSV Panalpina A.S.
  281,831   38,564,477
*
Genmab A.S.
  58,472   20,126,438
 
GN Store Nord A.S.
  103,697   6,376,845
 
H Lundbeck A.S.
  236,230   8,612,965
 
Novozymes A.S., Class B
  204,244   12,217,734
 
Rockwool International A.S., Class B
  22,552   7,275,575
 
Tryg A.S.
  125,159   3,682,952
#
Vestas Wind Systems A.S.
  774,838   99,322,580
TOTAL DENMARK
      267,757,156
FINLAND — (0.9%)
#
Fortum Oyj
  720,447   14,622,758
 
Nokia Oyj
  235,112   1,128,566
*
Nordea Bank Abp
  3,874,650   29,928,114
 
Stora Enso Oyj, Class R
  1,165,514   14,617,537
 
UPM-Kymmene Oyj
  1,235,120   32,969,894
TOTAL FINLAND
      93,266,869
FRANCE — (9.7%)
*
Amundi SA
  15,838   1,204,993
 
Arkema SA
  237,138   24,670,688
The DFA International Value Series
CONTINUED
      Shares   Value»
FRANCE — (Continued)
# *
Atos SE
  212,422   $18,164,018
#
AXA SA
  2,595,269   52,070,668
*
BNP Paribas SA
  1,948,140   78,595,286
 
Bollore SA
  1,717,699   5,763,477
*
Bouygues SA
  1,023,747   36,165,475
 
Capgemini SE
  108,211   14,034,358
 
Carrefour SA
  2,495,917   39,667,408
*
Casino Guichard Perrachon SA
  12,871   356,771
*
Cie de Saint-Gobain
  2,006,077   74,214,886
 
Cie Generale des Etablissements Michelin SCA
  664,554   68,825,254
*
CNP Assurances
  573,388   6,964,309
*
Credit Agricole SA
  1,053,519   10,140,915
*
Eiffage SA
  86,999   7,603,094
 
Electricite de France SA
  1,705,570   17,271,571
*
Engie SA
  2,838,450   37,811,459
# *
EssilorLuxottica SA
  33,861   4,510,115
#
Iliad SA
  3,398   664,552
*
Natixis SA
  2,753,146   6,734,170
 
Orange SA
  5,978,647   70,075,003
*
Peugeot SA
  3,133,702   50,373,374
 
Publicis Groupe SA
  301,595   9,643,818
# *
Renault SA
  673,493   16,005,720
 
Sanofi
  12,712   1,334,723
*
SCOR SE
  194,661   5,009,985
 
SES SA
  107,379   759,561
*
Societe Generale SA
  1,959,974   30,174,421
 
Total SE
  6,874,996   260,175,271
 
Valeo SA
  751,932   19,296,360
 
Vivendi SA
  174,420   4,628,482
TOTAL FRANCE
      972,910,185
GERMANY — (6.4%)
 
Allianz SE
  355,318   73,719,338
 
BASF SE
  1,039,248   57,331,218
 
Bayer AG
  1,091,722   72,526,919
 
Bayerische Motoren Werke AG
  1,138,372   72,799,404
# *
Commerzbank AG
  2,569,427   13,204,677
 
Continental AG
  299,004   28,883,414
 
Covestro AG
  355,938   13,813,028
 
Daimler AG
  3,237,994   141,578,093
# *
Deutsche Bank AG
  1,938,873   17,435,274
*
Deutsche Bank AG
  1,679,248   14,978,892
# *
Deutsche Lufthansa AG
  1,078,571   9,462,802
 
Evonik Industries AG
  444,408   12,006,221
#
Hapag-Lloyd AG
  25,653   1,412,408
 
HeidelbergCement AG
  448,245   24,875,540
 
METRO AG
  335,254   3,058,650
 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
  3,147   834,186
 
RWE AG
  669,183   25,224,430
*
Talanx AG
  162,600   5,919,206
 
Telefonica Deutschland Holding AG
  3,595,005   9,809,187
 
Uniper SE
  671,571   23,184,739
# *
Volkswagen AG
  125,075   19,473,206
TOTAL GERMANY
      641,530,832
HONG KONG — (2.7%)
 
Bank of East Asia, Ltd. (The)
  168,325   383,359
 
BOC Aviation, Ltd.
  647,400   3,747,447
The DFA International Value Series
CONTINUED
      Shares   Value»
HONG KONG — (Continued)
 
BOC Hong Kong Holdings, Ltd.
  3,412,500   $9,514,242
#
Cathay Pacific Airways, Ltd.
  5,830,000   3,936,411
 
CK Asset Holdings, Ltd.
  4,411,000   24,492,820
 
CK Hutchison Holdings, Ltd.
  7,657,984   50,005,074
#
CK Infrastructure Holdings, Ltd.
  380,500   1,984,153
 
Guoco Group, Ltd.
  9,000   122,596
 
Hang Lung Group, Ltd.
  389,000   941,380
 
Hang Lung Properties, Ltd.
  5,009,000   12,288,879
 
Henderson Land Development Co., Ltd.
  2,256,485   8,444,970
 
Kerry Properties, Ltd.
  2,588,500   6,159,602
#
MTR Corp., Ltd.
  2,070,933   10,291,793
#
New World Development Co., Ltd.
  5,099,042   24,897,454
 
NWS Holdings, Ltd.
  1,045,397   810,331
 
Shangri-La Asia, Ltd.
  218,000   157,735
 
Sino Land Co., Ltd.
  8,949,867   10,844,427
 
SJM Holdings, Ltd.
  5,394,000   6,086,380
 
Sun Hung Kai Properties, Ltd.
  3,845,920   46,773,274
 
Swire Pacific, Ltd., Class A
  2,119,000   10,434,289
 
Swire Pacific, Ltd., Class B
  2,855,000   2,528,635
 
WH Group, Ltd.
  15,841,500   14,101,423
 
Wharf Holdings, Ltd. (The)
  5,098,990   8,662,789
 
Wharf Real Estate Investment Co., Ltd.
  2,720,000   9,620,250
 
Xinyi Glass Holdings, Ltd.
  626,000   918,436
TOTAL HONG KONG
      268,148,149
IRELAND — (0.5%)
 
CRH P.L.C.
  293,793   10,696,567
 
CRH P.L.C., Sponsored ADR
  382,101   13,904,655
*
Flutter Entertainment P.L.C.
  94,565   14,328,290
*
Flutter Entertainment P.L.C.
  61,969   9,280,727
TOTAL IRELAND
      48,210,239
ISRAEL — (0.4%)
 
Bank Hapoalim BM
  2,312,220   13,951,797
 
Bank Leumi Le-Israel BM
  1,853,048   9,393,808
 
First International Bank Of Israel, Ltd.
  55,509   1,277,313
 
Isracard, Ltd.
  134,977   312,092
 
Israel Discount Bank, Ltd., Class A
  2,621,812   8,061,036
*
Teva Pharmaceutical Industries, Ltd., Sponsored ADR
  857,720   9,898,089
TOTAL ISRAEL
      42,894,135
ITALY — (1.9%)
 
Eni SpA
  3,780,702   33,677,762
*
Fiat Chrysler Automobiles NV
  2,776,827   28,230,314
# *
Fiat Chrysler Automobiles NV
  1,793,632   18,205,365
*
Intesa Sanpaolo SpA
  19,844,993   40,450,935
 
Mediobanca Banca di Credito Finanziario SpA
  164,012   1,324,571
#
Telecom Italia SpA
  63,812,045   25,879,323
 
Telecom Italia SpA
  5,233,685   2,103,845
 
Telecom Italia SpA, Sponsored ADR
  1,847,002   7,332,598
# *
UniCredit SpA
  3,293,998   30,232,110
TOTAL ITALY
      187,436,823
JAPAN — (21.6%)
 
AEON Financial Service Co., Ltd.
  15,000   113,262
 
AGC, Inc.
  895,500   25,173,291
 
Air Water, Inc.
  14,300   185,408
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Aisin Seiki Co., Ltd.
  609,000   $17,588,680
 
Alfresa Holdings Corp.
  151,400   3,100,271
 
Alps Alpine Co., Ltd.
  258,200   3,254,889
 
Amada Co., Ltd.
  907,100   6,096,099
 
Aozora Bank, Ltd.
  253,300   4,051,998
 
Asahi Kasei Corp.
  1,733,600   12,469,986
 
Bank of Kyoto, Ltd. (The)
  113,679   4,170,682
 
Bridgestone Corp.
  262,200   7,723,241
 
Brother Industries, Ltd.
  200,600   3,122,177
 
Canon Marketing Japan, Inc.
  153,000   2,886,626
 
Canon, Inc.
  15,300   246,215
 
Chiba Bank, Ltd. (The)
  1,064,000   4,875,077
 
Chugoku Bank, Ltd. (The)
  256,900   2,212,698
 
Coca-Cola Bottlers Japan Holdings, Inc.
  360,357   5,376,285
 
Concordia Financial Group, Ltd.
  2,530,100   7,502,152
 
Credit Saison Co., Ltd.
  393,600   3,685,188
 
Dai Nippon Printing Co., Ltd.
  521,600   11,332,182
 
Daicel Corp.
  1,087,400   7,271,987
 
Daido Steel Co., Ltd.
  21,500   606,452
 
Dai-ichi Life Holdings, Inc.
  1,214,647   14,328,452
#
Daio Paper Corp.
  39,000   529,632
 
Daiwa House Industry Co., Ltd.
  42,700   942,270
 
Daiwa Securities Group, Inc.
  3,735,400   16,586,063
 
DeNA Co., Ltd.
  163,100   1,839,907
 
Denka Co., Ltd.
  234,800   5,646,688
 
Denso Corp.
  716,500   26,505,194
 
Dentsu Group, Inc.
  471,400   10,517,019
 
DIC Corp.
  361,500   8,702,982
 
Dowa Holdings Co., Ltd.
  189,000   5,546,464
 
Ebara Corp.
  278,900   6,625,279
 
ENEOS Holdings, Inc.
  8,813,803   30,906,569
 
Fuji Media Holdings, Inc.
  52,200   459,825
 
FUJIFILM Holdings Corp.
  54,400   2,432,906
 
Fukuoka Financial Group, Inc.
  386,600   5,622,543
 
Fukuyama Transporting Co., Ltd.
  50,893   1,765,723
 
Furukawa Electric Co., Ltd.
  60,800   1,454,777
 
Fuyo General Lease Co., Ltd.
  5,300   300,013
 
Glory, Ltd.
  90,200   1,966,219
 
Hachijuni Bank, Ltd. (The)
  622,531   2,312,719
 
Hankyu Hanshin Holdings, Inc.
  703,300   20,142,578
 
Haseko Corp.
  441,400   5,215,141
 
Heiwa Corp.
  173,900   2,913,631
 
Hino Motors, Ltd.
  185,100   1,067,346
 
Hitachi Capital Corp.
  199,000   4,786,949
 
Hitachi Construction Machinery Co., Ltd.
  9,200   266,598
 
Hitachi Metals, Ltd.
  560,600   7,317,625
 
Hitachi, Ltd.
  1,579,000   47,297,427
#
Honda Motor Co., Ltd., Sponsored ADR
  26,040   634,074
 
Honda Motor Co., Ltd.
  4,590,300   111,910,843
 
Ibiden Co., Ltd.
  147,600   3,998,072
 
Idemitsu Kosan Co., Ltd.
  622,638   12,969,955
 
IHI Corp.
  236,700   2,950,651
 
Iida Group Holdings Co., Ltd.
  674,550   10,440,594
 
Inpex Corp.
  2,596,983   14,823,612
 
Isetan Mitsukoshi Holdings, Ltd.
  549,300   2,506,463
 
Isuzu Motors, Ltd.
  1,169,200   9,536,581
 
ITOCHU Corp.
  1,299,900   28,502,022
 
Itoham Yonekyu Holdings, Inc.
  196,800   1,187,401
 
Iyo Bank, Ltd. (The)
  492,300   2,912,580
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Izumi Co., Ltd.
  3,900   $150,365
 
J Front Retailing Co., Ltd.
  1,025,800   5,931,954
 
Japan Post Holdings Co., Ltd.
  1,165,810   7,962,245
 
JFE Holdings, Inc.
  1,616,595   10,611,146
 
JGC Holdings Corp.
  257,700   2,607,423
 
JSR Corp.
  409,100   8,920,553
 
JTEKT Corp.
  980,500   6,525,450
 
Kajima Corp.
  660,500   7,255,620
 
Kamigumi Co., Ltd.
  342,200   6,245,398
 
Kandenko Co., Ltd.
  402,500   3,154,804
 
Kaneka Corp.
  244,908   5,787,421
 
Kawasaki Heavy Industries, Ltd.
  677,300   9,236,093
 
Kinden Corp.
  222,800   3,453,647
 
Kokuyo Co., Ltd.
  142,400   1,499,109
 
Komatsu, Ltd.
  575,200   11,300,896
 
Konica Minolta, Inc.
  2,140,500   5,669,900
 
K's Holdings Corp.
  403,300   5,177,529
 
Kuraray Co., Ltd.
  1,529,300   14,974,270
 
Kurita Water Industries, Ltd.
  7,500   201,719
 
Kyocera Corp.
  179,600   10,001,973
 
Kyushu Financial Group, Inc.
  668,749   2,733,141
 
LIXIL Group Corp.
  961,800   12,837,954
 
Mabuchi Motor Co., Ltd.
  81,200   2,437,446
 
Maeda Road Construction Co., Ltd.
  4,100   74,546
 
Marubeni Corp.
  2,948,900   13,576,498
 
Maruichi Steel Tube, Ltd.
  15,500   367,034
 
Mazda Motor Corp.
  1,964,500   11,332,737
 
Mebuki Financial Group, Inc.
  1,258,420   2,799,439
 
Medipal Holdings Corp.
  310,850   5,692,788
 
Mitsubishi Chemical Holdings Corp.
  3,181,900   17,095,777
 
Mitsubishi Corp.
  1,911,500   38,516,298
 
Mitsubishi Gas Chemical Co., Inc.
  727,100   11,548,767
 
Mitsubishi Heavy Industries, Ltd.
  664,700   15,463,301
 
Mitsubishi Logistics Corp.
  89,600   2,419,959
 
Mitsubishi Materials Corp.
  518,200   10,594,308
#
Mitsubishi Motors Corp.
  2,252,000   4,437,563
 
Mitsubishi UFJ Financial Group, Inc., Sponsored ADR
  3,913,483   14,636,426
 
Mitsubishi UFJ Financial Group, Inc.
  11,934,650   44,722,929
 
Mitsubishi UFJ Lease & Finance Co., Ltd.
  1,638,400   6,954,792
 
Mitsui & Co., Ltd., Sponsored ADR
  11,723   3,518,072
 
Mitsui & Co., Ltd.
  1,157,000   17,297,258
 
Mitsui Chemicals, Inc.
  823,660   15,675,487
 
Mitsui Fudosan Co., Ltd.
  926,600   14,486,430
 
Mitsui OSK Lines, Ltd.
  546,400   8,992,926
 
Mizuho Financial Group, Inc.
  27,406,800   33,410,188
 
MS&AD Insurance Group Holdings, Inc.
  636,453   15,992,806
 
Nagase & Co., Ltd.
  251,300   2,896,799
 
NEC Corp.
  404,210   22,646,084
 
NGK Insulators, Ltd.
  130,100   1,616,873
 
NGK Spark Plug Co., Ltd.
  270,400   3,636,465
 
NH Foods, Ltd.
  338,867   14,893,832
 
NHK Spring Co., Ltd.
  883,400   4,971,415
#
Nikon Corp.
  902,000   6,306,261
 
Nippo Corp.
  285,900   7,582,324
 
Nippon Express Co., Ltd.
  316,124   15,028,235
 
Nippon Kayaku Co., Ltd.
  162,000   1,589,177
 
Nippon Paper Industries Co., Ltd.
  475,600   5,989,391
 
Nippon Shokubai Co., Ltd.
  115,900   5,760,899
 
Nippon Steel Corp.
  1,328,293   10,891,166
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Nippon Yusen K.K.
  740,687   $9,637,788
 
Nipro Corp.
  136,100   1,457,249
 
Nissan Motor Co., Ltd.
  5,826,900   19,931,280
 
Nitto Denko Corp.
  19,300   1,093,933
 
NOK Corp.
  258,720   2,818,284
 
Nomura Holdings, Inc.
  4,281,202   20,148,072
 
Nomura Real Estate Holdings, Inc.
  521,500   8,621,839
 
NSK, Ltd.
  1,295,100   8,718,137
 
Obayashi Corp.
  2,342,282   20,912,807
 
Oji Holdings Corp.
  3,568,100   14,973,961
 
ORIX Corp.
  3,324,900   35,959,161
 
Panasonic Corp.
  1,505,000   13,035,369
 
Rengo Co., Ltd.
  899,500   6,766,057
 
Resona Holdings, Inc.
  2,696,600   8,840,186
 
Ricoh Co., Ltd.
  2,366,400   15,239,041
 
Rohm Co., Ltd.
  184,800   11,866,684
 
Sankyo Co., Ltd.
  30,900   772,978
 
Sawai Pharmaceutical Co., Ltd.
  7,500   356,288
 
SBI Holdings, Inc.
  18,500   389,553
 
Sega Sammy Holdings, Inc.
  52,200   588,481
 
Seibu Holdings, Inc.
  73,200   654,220
 
Seiko Epson Corp.
  524,700   5,566,552
 
Seino Holdings Co., Ltd.
  481,500   5,926,194
 
Sekisui Chemical Co., Ltd.
  40,900   556,741
#
Sekisui House, Ltd.
  1,189,600   21,726,559
 
Seven & I Holdings Co., Ltd.
  163,200   4,931,823
#
Shimamura Co., Ltd.
  61,300   4,262,719
 
Shimizu Corp.
  907,700   6,506,956
 
Shinsei Bank, Ltd.
  313,400   3,540,558
 
Shizuoka Bank, Ltd. (The)
  851,000   5,526,600
 
Showa Denko K.K.
  234,100   4,853,393
 
SoftBank Group Corp.
  1,267,900   79,970,347
 
Sojitz Corp.
  3,534,500   7,414,215
 
Sompo Holdings, Inc.
  407,656   13,433,970
 
Stanley Electric Co., Ltd.
  18,900   452,746
 
Subaru Corp.
  178,884   3,378,652
 
Sumitomo Chemical Co., Ltd.
  8,266,400   23,853,667
 
Sumitomo Corp.
  1,719,300   19,100,945
 
Sumitomo Dainippon Pharma Co., Ltd.
  42,600   532,040
 
Sumitomo Electric Industries, Ltd.
  3,161,100   35,317,757
 
Sumitomo Forestry Co., Ltd.
  598,600   6,692,616
 
Sumitomo Heavy Industries, Ltd.
  524,600   10,221,862
 
Sumitomo Metal Mining Co., Ltd.
  609,264   18,314,200
 
Sumitomo Mitsui Financial Group, Inc.
  2,857,600   76,144,853
 
Sumitomo Mitsui Trust Holdings, Inc.
  391,544   10,052,529
 
Sumitomo Realty & Development Co., Ltd.
  174,600   4,452,652
 
Sumitomo Rubber Industries, Ltd.
  770,500   6,410,096
 
Suzuken Co., Ltd.
  71,300   2,536,291
 
Suzuki Motor Corp.
  134,100   4,400,280
 
T&D Holdings, Inc.
  1,378,500   11,347,097
 
Taiheiyo Cement Corp.
  528,721   11,474,779
 
Taisei Corp.
  84,600   2,905,999
 
Taisho Pharmaceutical Holdings Co., Ltd.
  22,600   1,284,102
 
Takeda Pharmaceutical Co., Ltd.
  81,171   2,943,813
 
TDK Corp.
  75,700   8,428,201
 
Teijin, Ltd.
  855,090   12,348,978
 
THK Co., Ltd.
  178,200   4,198,437
 
Toda Corp.
  717,800   4,604,458
 
Toho Holdings Co., Ltd.
  71,900   1,231,223
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Tokio Marine Holdings, Inc.
  113,119   $4,776,445
 
Tokyo Broadcasting System Holdings, Inc.
  70,800   1,069,102
 
Tokyo Tatemono Co., Ltd.
  870,300   9,301,751
 
Tokyu Fudosan Holdings Corp.
  2,556,700   9,770,548
 
Toppan Printing Co., Ltd.
  656,900   9,847,861
 
Toray Industries, Inc.
  2,685,900   11,626,077
 
Toshiba Corp.
  13,600   415,904
 
Tosoh Corp.
  1,241,700   16,666,259
 
Toyo Seikan Group Holdings, Ltd.
  416,349   4,560,463
 
Toyo Tire Corp
  24,100   320,663
 
Toyoda Gosei Co., Ltd.
  311,200   6,102,164
 
Toyota Boshoku Corp.
  4,100   47,964
 
Toyota Industries Corp.
  275,700   14,006,435
 
Toyota Motor Corp., Sponsored ADR
  208,099   24,834,535
 
Toyota Motor Corp.
  3,715,890   220,589,859
 
Toyota Tsusho Corp.
  524,100   13,292,960
 
TS Tech Co., Ltd.
  145,000   3,677,963
 
Tsumura & Co.
  17,600   438,595
 
TV Asahi Holdings Corp.
  31,700   433,497
 
Ube Industries, Ltd.
  504,100   8,233,030
 
Yamada Denki Co., Ltd.
  1,918,800   8,324,899
 
Yamaguchi Financial Group, Inc.
  25,248   149,086
 
Yamaha Motor Co., Ltd.
  698,000   10,178,276
 
Yamazaki Baking Co., Ltd.
  21,100   354,063
 
Yokohama Rubber Co., Ltd. (The)
  563,500   7,207,811
 
Zeon Corp.
  404,300   3,887,871
TOTAL JAPAN
      2,167,247,888
NETHERLANDS — (4.4%)
 
ABN AMRO Bank NV
  1,057,142   8,780,415
 
Aegon NV
  3,198,902   9,374,027
 
Aegon NV
  523,920   1,519,368
 
Akzo Nobel NV
  29,483   2,777,988
*
ArcelorMittal SA
  652,213   7,221,154
# *
ArcelorMittal SA
  590,702   6,480,002
#
Coca-Cola European Partners P.L.C.
  53,843   2,181,461
#
Heineken NV
  104,051   10,077,980
#
ING Groep NV, Sponsored ADR
  760,447   5,247,084
 
ING Groep NV
  5,659,246   39,461,243
 
Koninklijke Ahold Delhaize NV
  5,195,538   149,635,892
 
Koninklijke DSM NV
  645,359   98,782,450
*
Koninklijke Philips NV
  874,160   45,168,623
*
Koninklijke Philips NV
  34,602   1,790,651
 
Koninklijke Vopak NV
  191,677   10,478,558
 
NN Group NV
  738,530   27,031,750
 
Randstad NV
  272,591   13,129,993
TOTAL NETHERLANDS
      439,138,639
NEW ZEALAND — (0.2%)
 
Air New Zealand, Ltd.
  260,187   231,618
 
Auckland International Airport, Ltd.
  2,324,809   9,910,278
 
Chorus, Ltd.
  257,503   1,272,316
 
EBOS Group, Ltd.
  197,874   2,867,726
 
Fletcher Building, Ltd.
  1,461,322   3,284,845
# *
Fonterra Co-operative Group, Ltd.
  289,893   736,148
 
Mainfreight, Ltd.
  13,725   428,973
 
Ryman Healthcare, Ltd.
  127,971   1,135,868
TOTAL NEW ZEALAND
      19,867,772
The DFA International Value Series
CONTINUED
      Shares   Value»
NORWAY — (0.9%)
*
DNB ASA
  2,102,699   $32,296,084
 
Equinor ASA
  1,229,349   18,431,803
*
Norsk Hydro ASA
  3,886,430   10,978,101
*
SpareBank 1 SR-Bank ASA
  369,350   2,929,303
*
Storebrand ASA
  1,436,496   7,861,021
# *
Subsea 7 SA
  453,890   3,477,135
 
Yara International ASA
  228,157   9,624,545
TOTAL NORWAY
      85,597,992
PORTUGAL — (0.1%)
*
Banco Espirito Santo SA
  2,631,973   0
 
EDP Renovaveis SA
  606,867   9,917,296
TOTAL PORTUGAL
      9,917,296
SINGAPORE — (1.0%)
 
CapitaLand, Ltd.
  8,450,300   17,054,723
 
City Developments, Ltd.
  1,714,600   10,268,083
 
Frasers Property, Ltd.
  492,700   416,818
 
Hongkong Land Holdings, Ltd.
  1,361,700   5,186,982
 
Jardine Cycle & Carriage, Ltd.
  17,200   252,198
#
Keppel Corp., Ltd.
  6,501,200   25,601,054
 
Olam International, Ltd.
  464,700   452,490
 
Oversea-Chinese Banking Corp., Ltd.
  2,143,056   13,423,583
 
Singapore Airlines, Ltd.
  7,543,500   18,817,705
 
United Industrial Corp., Ltd.
  1,368,070   2,087,019
 
UOL Group, Ltd.
  1,203,774   5,830,941
 
Yangzijiang Shipbuilding Holdings, Ltd.
  1,399,600   937,880
TOTAL SINGAPORE
      100,329,476
SPAIN — (1.5%)
 
ACS Actividades de Construccion y Servicios SA
  59,114   1,371,239
 
Banco Bilbao Vizcaya Argentaria SA
  9,752,876   30,367,719
#
Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR
  960,556   2,948,907
# *
Banco Santander SA
  49,515,686   106,185,007
 
CaixaBank SA
  213,456   459,154
 
Naturgy Energy Group SA
  20,608   383,473
 
Repsol SA
  1,152,156   9,085,595
TOTAL SPAIN
      150,801,094
SWEDEN — (3.0%)
#
BillerudKorsnas AB
  504,958   8,067,242
 
Boliden AB
  1,195,043   32,634,439
*
Dometic Group AB
  29,774   290,673
 
Getinge AB, Class B
  567,120   13,698,549
*
Holmen AB, Class A
  5,562   251,007
*
Holmen AB, Class B
  289,955   9,993,071
 
Husqvarna AB, Class B
  170,464   1,631,339
 
ICA Gruppen AB
  165,222   8,116,240
#
Intrum AB
  180,447   4,326,220
#
Millicom International Cellular SA
  133,262   4,011,116
*
Pandox AB
  92,987   1,173,885
*
Peab AB, Class B
  213,986   2,008,521
*
Saab AB, Class B
  77,854   2,515,373
*
Skandinaviska Enskilda Banken AB, Class A
  4,227,536   40,901,756
*
Skandinaviska Enskilda Banken AB, Class C
  28,685   291,009
#
SKF AB, Class B
  1,179,544   21,836,695
# *
SSAB AB, Class A
  488,788   1,443,961
The DFA International Value Series
CONTINUED
      Shares   Value»
SWEDEN — (Continued)
*
SSAB AB, Class B
  1,359,160   $3,864,283
# *
Svenska Cellulosa AB SCA, Class A
  63,918   779,588
# *
Svenska Cellulosa AB SCA, Class B
  1,670,968   20,293,610
*
Svenska Handelsbanken AB, Class A
  1,957,160   18,456,937
# *
Svenska Handelsbanken AB, Class B
  37,204   389,428
# *
Swedbank AB, Class A
  886,833   14,400,619
 
Tele2 AB, Class B
  140,411   1,992,051
 
Telia Co. AB
  7,857,507   30,618,571
*
Trelleborg AB, Class B
  662,912   10,295,424
*
Volvo AB, Class A
  132,954   2,295,106
*
Volvo AB, Class B
  2,416,322   41,758,329
TOTAL SWEDEN
      298,335,042
SWITZERLAND — (10.5%)
#
ABB, Ltd.
  3,432,303   86,196,629
 
Adecco Group AG
  683,506   32,298,298
# *
Alcon, Inc.
  63,250   3,793,759
*
Alcon, Inc.
  498,598   30,134,858
 
Baloise Holding AG
  129,056   19,690,697
 
Banque Cantonale Vaudoise
  49,760   5,213,929
 
Barry Callebaut AG
  484   1,007,842
 
Chocoladefabriken Lindt & Spruengli AG
  6   514,435
#
Cie Financiere Richemont SA
  1,165,784   72,373,172
 
Clariant AG
  157,372   2,974,430
 
Credit Suisse Group AG
  1,363,427   14,539,958
 
Credit Suisse Group AG, Sponsored ADR
  1,052,790   11,117,462
 
Julius Baer Group, Ltd.
  716,015   31,432,976
 
LafargeHolcim, Ltd.
  804,630   38,067,395
 
LafargeHolcim, Ltd.
  375,078   17,507,356
 
Lonza Group AG
  170,957   106,905,401
 
Novartis AG, Sponsored ADR
  435,908   35,805,483
 
Novartis AG
  1,764,136   145,306,988
#
Swatch Group AG (The)
  124,698   26,142,615
 
Swatch Group AG (The)
  143,968   5,742,472
 
Swiss Life Holding AG
  78,824   28,805,569
 
Swiss Prime Site AG
  120,516   10,998,715
#
Swiss Re AG
  324,348   25,594,004
 
Swisscom AG
  76,438   40,631,783
 
UBS Group AG
  6,275,625   73,931,741
# *
UBS Group AG
  1,233,581   14,408,226
 
Vifor Pharma AG
  55,433   7,824,218
 
Zurich Insurance Group AG
  445,436   164,723,445
TOTAL SWITZERLAND
      1,053,683,856
UNITED KINGDOM — (11.9%)
 
3i Group P.L.C.
  483,200   5,561,865
 
Anglo American P.L.C.
  2,846,495   68,908,167
 
Antofagasta P.L.C.
  246,621   3,279,026
 
Aviva P.L.C.
  16,319,347   56,123,099
#
Barclays P.L.C., Sponsored ADR
  7,035,082   36,863,830
 
Barclays P.L.C.
  191,609   248,420
 
Barratt Developments P.L.C.
  3,492,888   23,202,072
 
Bellway P.L.C.
  31,714   1,050,210
 
BP P.L.C., Sponsored ADR
  4,331,713   95,470,955
 
BP P.L.C.
  3,804,526   13,778,106
#
British American Tobacco P.L.C., Sponsored ADR
  838,885   28,144,592
 
British American Tobacco P.L.C.
  3,024,009   99,938,395
 
BT Group P.L.C.
  2,663,566   3,422,548
The DFA International Value Series
CONTINUED
      Shares   Value»
UNITED KINGDOM — (Continued)
 
Carnival P.L.C.
  102,449   $1,108,047
#
Carnival P.L.C., ADR
  20,467   230,049
 
DS Smith P.L.C.
  453,325   1,532,970
 
Glencore P.L.C.
  26,692,935   61,088,206
 
GVC Holdings P.L.C.
  69,102   598,043
 
HSBC Holdings P.L.C.
  13,949,143   62,810,474
#
HSBC Holdings P.L.C., Sponsored ADR
  2,590,482   58,674,417
 
Investec P.L.C.
  1,312,079   2,570,254
 
J Sainsbury P.L.C.
  7,868,098   19,177,216
 
John Wood Group P.L.C.
  489,484   1,216,733
 
Kingfisher P.L.C.
  7,975,671   25,203,833
 
Lloyds Banking Group P.L.C.
  181,694,609   61,905,247
#
Lloyds Banking Group P.L.C., ADR
  1,844,768   2,435,094
 
M&G P.L.C.
  1,767,509   3,699,298
 
Melrose Industries P.L.C.
  4,733,470   5,226,786
 
Natwest Group P.L.C.
  5,175,515   7,127,794
#
Natwest Group P.L.C., Sponsored ADR
  1,051,278   2,901,527
*
Ninety One P.L.C.
  656,039   1,846,965
 
Pearson P.L.C.
  515,601   3,542,795
#
Pearson P.L.C., Sponsored ADR
  1,119,256   7,834,792
 
Phoenix Group Holdings P.L.C.
  577,549   4,959,584
 
Royal Dutch Shell P.L.C., Class A
  78,263   1,143,858
#
Royal Dutch Shell P.L.C., Sponsored ADR, Class A
  3,293,873   98,190,343
 
Royal Dutch Shell P.L.C., Sponsored ADR, Class B
  3,809,546   107,810,152
 
Royal Dutch Shell P.L.C., Class B
  202,019   2,835,631
 
Standard Chartered P.L.C.
  4,078,355   20,391,236
 
Standard Life Aberdeen P.L.C.
  490,582   1,596,757
 
Vodafone Group P.L.C.
  58,351,986   87,694,188
 
Vodafone Group P.L.C., Sponsored ADR
  4,011,201   60,970,259
#
Wm Morrison Supermarkets P.L.C.
  9,034,593   21,915,447
#
WPP P.L.C., Sponsored ADR
  150,428   5,610,964
 
WPP P.L.C.
  2,296,513   17,031,614
TOTAL UNITED KINGDOM
      1,196,871,858
UNITED STATES — (0.1%)
 
Ovintiv, Inc.
  272,952   2,644,901
#
Ovintiv, Inc.
  513,177   4,965,302
TOTAL UNITED STATES
      7,610,203
TOTAL COMMON STOCKS
      9,542,338,516
PREFERRED STOCKS — (1.3%)
GERMANY — (1.3%)
 
Bayerische Motoren Werke AG
  152,008   7,725,509
 
Porsche Automobil Holding SE
  322,304   18,243,358
*
Volkswagen AG
  701,336   102,659,464
TOTAL GERMANY
      128,628,331
RIGHTS/WARRANTS — (0.0%)
HONG KONG — (0.0%)
*
Cathay Pacific Airways, Ltd. Rights 08/05/20
  3,709,999   213,017
TOTAL INVESTMENT SECURITIES

(Cost $11,534,659,631)
      9,671,179,864
    
The DFA International Value Series
CONTINUED
      Shares   Value†
SECURITIES LENDING COLLATERAL — (3.5%)
@ §
The DFA Short Term Investment Fund
  30,658,809   $354,753,081
TOTAL INVESTMENTS — (100.0%)    
(Cost $11,889,275,413)^^
      $10,025,932,945
    
ADR American Depositary Receipt
P.L.C. Public Limited Company
SA Special Assessment
    
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
* Non-Income Producing Securities.
# Total or Partial Securities on Loan.
† See Security Valuation Note within the Notes to Schedules of Investments.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
As of July 31, 2020, The DFA International Value Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
S&P 500® Emini Index
  536   09/18/20   $82,763,269   $87,461,800   $4,698,531
Total Futures Contracts
          $82,763,269   $87,461,800   $4,698,531
Summary of the Series' investments as of July 31, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Australia
—   $583,580,578   —   $583,580,578
Austria
—   4,313,566   —   4,313,566
Belgium
—   85,359,560   —   85,359,560
Canada
$817,529,308   —   —   817,529,308
Denmark
—   267,757,156   —   267,757,156
Finland
—   93,266,869   —   93,266,869
France
—   972,910,185   —   972,910,185
Germany
14,978,892   626,551,940   —   641,530,832
Hong Kong
—   268,148,149   —   268,148,149
Ireland
13,904,655   34,305,584   —   48,210,239
Israel
9,898,089   32,996,046   —   42,894,135
Italy
25,537,963   161,898,860   —   187,436,823
Japan
43,623,107   2,123,624,781   —   2,167,247,888
Netherlands
15,037,105   424,101,534   —   439,138,639
New Zealand
—   19,867,772   —   19,867,772
Norway
—   85,597,992   —   85,597,992
Portugal
—   9,917,296   —   9,917,296
Singapore
—   100,329,476   —   100,329,476
Spain
2,948,907   147,852,187   —   150,801,094
Sweden
—   298,335,042   —   298,335,042
Switzerland
65,124,930   988,558,926   —   1,053,683,856
United Kingdom
505,136,974   691,734,884   —   1,196,871,858
United States
7,610,203   —   —   7,610,203
The DFA International Value Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Preferred Stocks              
Germany
—   $128,628,331   —   $128,628,331
Rights/Warrants              
Hong Kong
—   213,017   —   213,017
Securities Lending Collateral
—   354,753,081   —   354,753,081
Futures Contracts**
$4,698,531   —   —   4,698,531
TOTAL
$1,526,028,664   $8,504,602,812   —   $10,030,631,476
** Valued at the unrealized appreciation/(depreciation) on the investment.
The Emerging Markets Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
      Shares   Value»
COMMON STOCKS — (97.3%)
BRAZIL — (4.7%)
#
Ambev SA, ADR
  4,308,999   $11,548,117
 
Atacadao SA
  247,864   1,066,235
*
B2W Cia Digital
  135,195   3,092,363
 
B3 SA - Brasil Bolsa Balcao
  1,206,957   14,678,159
 
Banco Bradesco SA, ADR
  780,518   3,293,786
 
Banco Bradesco SA
  745,724   2,963,426
 
Banco BTG Pactual SA
  210,458   3,486,554
 
Banco do Brasil SA
  467,950   3,012,290
 
Banco Santander Brasil SA
  249,962   1,432,242
 
BB Seguridade Participacoes SA
  636,043   3,393,254
 
Braskem SA, Sponsored ADR
  125,533   1,103,435
*
BRF SA
  588,923   2,336,929
 
CCR SA
  2,445,817   7,014,104
 
Centrais Eletricas Brasileiras SA
  107,077   758,245
 
Cia Brasileira de Distribuicao
  330,306   4,495,639
 
Cia de Saneamento Basico do Estado de Sao Paulo
  288,020   3,359,695
 
Cia de Saneamento Basico do Estado de Sao Paulo, ADR
  40,965   473,555
 
Cia Energetica de Minas Gerais
  150,700   353,021
 
Cia Paranaense de Energia, Sponsored ADR
  8,700   109,185
 
Cia Paranaense de Energia
  19,900   253,187
#
Cia Siderurgica Nacional SA, Sponsored ADR
  525,351   1,213,561
 
Cia Siderurgica Nacional SA
  1,343,065   3,153,913
 
Cielo SA
  721,236   742,452
 
Cogna Educacao
  1,463,872   2,323,540
 
Cosan SA
  286,726   4,968,807
 
CPFL Energia SA
  121,800   733,151
 
Energisa SA
  228,135   2,149,473
 
Engie Brasil Energia SA
  171,376   1,516,794
 
Equatorial Energia SA
  1,660,526   8,126,679
#
Gerdau SA, Sponsored ADR
  84,101   280,897
 
Gerdau SA
  107,316   303,029
 
Hapvida Participacoes e Investimentos SA
  90,409   1,128,954
 
Hypera SA
  382,463   2,648,218
 
IRB Brasil Resseguros SA
  434,814   664,322
 
Itau Unibanco Holding SA
  312,203   1,490,229
 
JBS SA
  1,943,203   8,023,807
 
Klabin SA
  1,710,990   6,776,328
 
Localiza Rent a Car SA
  718,414   7,012,612
 
Lojas Americanas SA
  148,413   875,989
 
Lojas Renner SA
  1,008,565   7,952,052
 
Magazine Luiza SA
  972,180   15,041,483
 
Natura & Co. Holding SA
  714,078   6,439,166
 
Notre Dame Intermedica Participacoes S.A.
  577,192   7,386,748
 
Petrobras Distribuidora SA
  990,655   4,310,870
 
Petroleo Brasileiro SA, Sponsored ADR
  1,299,604   11,085,622
 
Petroleo Brasileiro SA, Sponsored ADR
  556,265   4,822,818
 
Petroleo Brasileiro SA
  3,033,556   13,200,625
 
Porto Seguro SA
  250,037   2,589,738
 
Raia Drogasil SA
  299,837   7,133,023
*
Rumo SA
  1,113,809   4,744,292
 
Sul America SA
  557,325   5,416,679
*
Suzano SA
  626,980   5,048,003
# *
Suzano SA, Sponsored ADR
  82,830   663,468
 
TIM Participacoes SA
  829,736   2,505,170
 
Ultrapar Participacoes SA
  1,019,063   3,699,965
The Emerging Markets Series
CONTINUED
      Shares   Value»
BRAZIL — (Continued)
 
Ultrapar Participacoes SA, Sponsored ADR
  22,860   $82,296
 
Vale SA, Sponsored ADR
  1,665,739   19,389,196
 
Vale SA
  3,260,013   37,939,896
 
WEG SA
  363,333   4,690,931
TOTAL BRAZIL
      286,498,217
CHILE — (0.7%)
 
AES Gener SA
  2,206,453   378,302
 
Aguas Andinas SA, Class A
  4,770,656   1,677,096
#
Banco de Chile, ADR
  128,472   2,389,585
 
Banco de Credito e Inversiones SA
  44,288   1,579,492
 
Banco Santander Chile, ADR
  169,251   2,895,884
 
Cencosud SA
  2,385,792   4,156,685
 
Cia Cervecerias Unidas SA
  109,017   846,867
 
Cia Cervecerias Unidas SA, Sponsored ADR
  78,166   1,170,145
 
Colbun SA
  10,640,694   1,925,433
 
Embotelladora Andina SA, ADR, Class B
  24,029   350,823
 
Empresa Nacional de Telecomunicaciones SA
  260,143   1,854,944
 
Empresas CMPC SA
  1,559,115   3,453,671
 
Empresas COPEC SA
  283,053   2,310,606
 
Enel Americas SA, ADR
  1,098,215   8,313,488
 
Enel Chile SA, ADR
  765,346   3,199,147
 
Falabella SA
  654,715   2,334,994
 
Itau CorpBanca Chile SA
  230,156,042   814,451
#
Itau CorpBanca Chile SA, ADR
  16,427   84,599
 
Parque Arauco SA
  43,325   74,110
 
Plaza SA
  74,670   132,068
#
Sociedad Quimica y Minera de Chile SA, Sponsored ADR
  143,818   4,393,640
TOTAL CHILE
      44,336,030
CHINA — (32.0%)
 
360 Security Technology, Inc., Class A
  15,700   43,672
*
51job, Inc., ADR
  36,065   2,448,092
*
58.com, Inc., ADR
  98,295   5,442,594
 
AAC Technologies Holdings, Inc.
  1,726,500   13,611,670
 
Accelink Technologies Co Ltd, Class A
  20,400   94,799
 
AECC Aero-Engine Control Co., Ltd., Class A
  11,100   29,082
 
AECC Aviation Power Co., Ltd., Class A
  79,700   421,286
 
Agile Group Holdings, Ltd.
  4,030,000   5,113,774
 
Agricultural Bank of China, Ltd., Class H
  22,163,000   7,866,697
 
Aier Eye Hospital Group Co., Ltd., Class A
  118,448   769,463
 
Air China, Ltd., Class H
  4,598,000   2,856,926
 
Aisino Corp., Class A
  93,200   233,327
*
Alibaba Group Holding, Ltd., Sponsored ADR
  852,091   213,891,883
*
Alibaba Health Information Technology, Ltd.
  1,284,000   3,554,223
*
Alibaba Pictures Group, Ltd.
  1,070,000   149,347
# *
Aluminum Corp. of China, Ltd., ADR
  62,341   398,982
*
Aluminum Corp. of China, Ltd., Class H
  3,820,000   985,342
 
Angang Steel Co., Ltd., Class H
  2,312,200   648,623
 
Angel Yeast Co., Ltd., Class A
  23,300   219,940
 
Anhui Anke Biotechnology Group Co., Ltd., Class A
  9,200   27,924
 
Anhui Conch Cement Co., Ltd., Class H
  1,711,000   12,938,832
 
Anhui Gujing Distillery Co., Ltd., Class A
  14,516   442,606
*
Anhui Jianghuai Automobile Group Corp., Ltd., Class A
  58,800   78,136
 
Anhui Kouzi Distillery Co., Ltd., Class A
  53,100   380,645
 
ANTA Sports Products, Ltd.
  912,000   8,657,604
 
Apeloa Pharmaceutical Co., Ltd., Class A
  88,320   301,639
 
Asymchem Laboratories Tianjin Co., Ltd., Class A
  2,900   90,772
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Autobio Diagnostics Co., Ltd., Class A
  3,700   $86,261
 
Avary Holding Shenzhen Co., Ltd., Class A
  14,876   108,513
 
AVIC Aircraft Co., Ltd., Class A
  50,900   172,949
 
AVIC Jonhon Optronic Technology Co., Ltd., Class A
  15,100   94,286
 
AVIC Shenyang Aircraft Co., Ltd., Class A
  30,900   283,022
 
AVICOPTER PLC, Class A
  9,900   73,050
*
BAIC BluePark New Energy Technology Co., Ltd., Class A
  90,250   87,720
 
BAIC Motor Corp., Ltd., Class H
  3,096,500   1,510,050
*
Baidu, Inc., Sponsored ADR
  235,558   28,125,625
 
Bank of Beijing Co., Ltd., Class A
  154,700   107,030
 
Bank of Changsha Co., Ltd., Class A
  90,084   110,189
 
Bank of China, Ltd., Class H
  47,943,181   15,965,501
 
Bank of Communications Co., Ltd., Class H
  7,111,515   3,947,504
 
Bank of Guiyang Co., Ltd., Class A
  126,400   138,301
 
Bank of Hangzhou Co., Ltd., Class A
  190,400   257,571
 
Bank of Jiangsu Co., Ltd., Class A
  682,800   591,624
 
Bank of Nanjing Co., Ltd., Class A
  103,200   114,685
 
Bank of Ningbo Co., Ltd., Class A
  54,100   224,404
 
Bank of Shanghai Co., Ltd., Class A
  113,552   134,753
 
Baoshan Iron & Steel Co., Ltd., Class A
  651,400   459,397
 
BBMG Corp., Class H
  1,819,500   399,458
*
BeiGene Ltd.
  1,600   26,299
*
BeiGene, Ltd., ADR
  3,348   699,732
 
Beijing Capital Co., Ltd., Class A
  375,200   177,470
 
Beijing Capital Development Co., Ltd., Class A
  73,900   71,448
 
Beijing Dabeinong Technology Group Co., Ltd., Class A
  133,652   207,147
 
Beijing E-Hualu Information Technology Co., Ltd., Class A
  15,400   110,660
 
Beijing Enterprises Holdings, Ltd.
  719,472   2,517,817
 
Beijing Enterprises Water Group, Ltd.
  6,332,000   2,691,029
 
Beijing Kunlun Tech Co., Ltd., Class A
  97,700   377,623
 
Beijing New Building Materials PLC, Class A
  19,700   86,975
 
Beijing Orient Landscape & Environment Co., Ltd., Class A
  30,800   22,389
 
Beijing Orient National Communication Science & Technology Co., Ltd., Class A
  10,500   20,752
 
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A
  80,804   634,720
 
Beijing Originwater Technology Co., Ltd., Class A
  118,600   145,766
 
Beijing Shiji Information Technology Co., Ltd., Class A
  25,100   132,137
*
Beijing Shougang Co., Ltd., Class A
  14,600   9,174
 
Beijing Shunxin Agriculture Co., Ltd., Class A
  9,700   86,064
 
Beijing Sinnet Technology Co., Ltd., Class A
  5,800   21,758
 
Beijing Thunisoft Corp., Ltd., Class A
  6,300   23,969
 
Beijing Tiantan Biological Products Corp., Ltd., Class A
  32,047   228,263
 
Beijing Tongrentang Co., Ltd., Class A
  12,900   50,026
 
Beijing Yanjing Brewery Co., Ltd., Class A
  112,400   123,374
*
Berry Genomics Co., Ltd., Class A
  24,500   315,481
 
Betta Pharmaceuticals Co., Ltd., Class A
  2,500   49,573
 
BGI Genomics Co., Ltd., Class A
  3,000   70,587
*
Bluefocus Intelligent Communications Group Co., Ltd., Class A
  69,200   75,794
 
BOE Technology Group Co., Ltd., Class A
  1,281,100   857,520
*
Bohai Leasing Co., Ltd., Class A
  447,000   196,743
 
Boya Bio-pharmaceutical Group Co., Ltd., Class A
  4,500   32,504
 
Bright Dairy & Food Co., Ltd., Class A
  17,700   47,834
 
Brilliance China Automotive Holdings, Ltd.
  1,110,000   1,133,479
 
BTG Hotels Group Co., Ltd., Class A
  13,900   35,205
 
BYD Co., Ltd., Class H
  1,095,886   10,325,088
 
BYD Electronic International Co., Ltd.
  590,000   2,071,267
 
C&S Paper Co., Ltd., Class A
  59,700   208,792
 
CGN Power Co., Ltd., Class H
  5,516,000   1,160,815
 
Chacha Food Co., Ltd., Class A
  8,100   67,236
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Changchun High & New Technology Industry Group, Inc., Class A
  14,900   $1,061,576
 
Chaozhou Three-Circle Group Co., Ltd., Class A
  29,400   120,588
 
Chengdu Hongqi Chain Co., Ltd., Class A
  15,200   21,853
 
Chengdu Kanghong Pharmaceutical Group Co., Ltd., Class A
  3,600   24,643
*
China Aerospace Times Electronics Co., Ltd., Class A
  95,100   101,215
 
China Avionics Systems Co., Ltd., Class A
  24,500   61,431
 
China Baoan Group Co., Ltd., Class A
  43,000   51,520
 
China Cinda Asset Management Co., Ltd., Class H
  12,693,000   2,393,735
 
China CITIC Bank Corp., Ltd., Class H
  13,281,928   5,795,236
 
China Coal Energy Co., Ltd., Class H
  3,334,777   826,473
 
China Common Rich Renewable Energy Investments, Ltd.
  5,416,000   655,136
 
China Communications Construction Co., Ltd., Class H
  4,943,000   2,879,401
 
China Communications Services Corp., Ltd., Class H
  3,736,000   2,421,961
 
China Conch Venture Holdings, Ltd.
  2,355,000   10,130,502
 
China Construction Bank Corp., Class H
  76,613,590   55,861,304
#
China Eastern Airlines Corp., Ltd., ADR
  11,904   210,939
#
China Eastern Airlines Corp., Ltd., Class H
  3,272,000   1,163,185
 
China Everbright Bank Co., Ltd., Class H
  4,683,000   1,759,951
 
China Everbright International, Ltd.
  1,091,703   674,893
#
China Evergrande Group
  3,952,000   11,101,969
 
China Film Co., Ltd., Class A
  47,900   99,787
 
China Fortune Land Development Co., Ltd., Class A
  41,411   102,975
 
China Galaxy Securities Co., Ltd., Class H
  5,089,500   3,044,382
 
China Gas Holdings, Ltd.
  4,018,200   12,085,637
 
China Gezhouba Group Co., Ltd., Class A
  118,300   113,070
*
China Grand Automotive Services Group Co., Ltd., Class A
  246,400   137,494
 
China Greatwall Technology Group Co., Ltd., Class A
  54,200   142,442
 
China Hongqiao Group, Ltd.
  2,630,000   1,510,483
 
China Huarong Asset Management Co., Ltd., Class H
  15,246,000   1,732,880
*
China International Capital Corp., Ltd., Class H
  2,534,800   5,994,713
 
China International Marine Containers Group Co., Ltd., Class H
  321,520   307,053
#
China Jinmao Holdings Group, Ltd.
  6,422,000   4,372,821
 
China Jushi Co., Ltd., Class A
  283,700   562,079
#
China Life Insurance Co., Ltd., ADR
  455,615   5,230,460
 
China Life Insurance Co., Ltd., Class H
  1,387,000   3,181,656
 
China Longyuan Power Group Corp., Ltd., Class H
  2,872,000   2,057,434
 
China Meheco Co., Ltd., Class A
  55,300   128,852
 
China Mengniu Dairy Co., Ltd.
  3,566,000   16,733,338
 
China Merchants Bank Co., Ltd., Class H
  3,814,554   17,802,466
 
China Merchants Port Holdings Co., Ltd.
  1,362,638   1,559,067
# *
China Merchants Securities Co., Ltd., Class H
  412,200   504,544
 
China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A
  168,800   412,343
 
China Minsheng Banking Corp., Ltd., Class H
  9,083,100   5,720,997
 
China Mobile, Ltd.
  1,195,500   8,160,644
 
China Mobile, Ltd., Sponsored ADR
  985,751   33,574,679
 
China Molybdenum Co., Ltd., Class H
  4,239,966   1,722,175
 
China National Accord Medicines Corp., Ltd., Class A
  25,200   179,790
 
China National Building Material Co., Ltd., Class H
  10,930,000   16,974,118
 
China National Chemical Engineering Co., Ltd., Class A
  182,300   150,431
 
China National Medicines Corp., Ltd., Class A
  10,900   68,688
 
China National Nuclear Power Co., Ltd., Class A
  1,278,490   795,229
 
China Oilfield Services, Ltd., Class H
  4,074,000   3,178,701
 
China Overseas Land & Investment, Ltd.
  8,252,500   25,146,660
 
China Pacific Insurance Group Co., Ltd., Class H
  4,439,200   12,862,231
 
China Petroleum & Chemical Corp., ADR
  85,194   3,621,584
 
China Petroleum & Chemical Corp., Class H
  18,710,800   7,971,190
 
China Railway Construction Corp., Ltd., Class H
  3,049,000   2,438,698
 
China Railway Group, Ltd., Class H
  5,812,000   2,942,152
 
China Railway Hi-tech Industry Co., Ltd., Class A
  96,300   131,132
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
China Railway Signal & Communication Corp., Ltd., Class H
  1,963,000   $853,985
 
China Reinsurance Group Corp., Class H
  7,224,000   792,564
 
China Resources Beer Holdings Co., Ltd.
  1,481,611   10,303,111
 
China Resources Cement Holdings, Ltd.
  6,138,000   8,403,496
 
China Resources Gas Group, Ltd.
  2,102,000   10,368,112
 
China Resources Land, Ltd.
  5,224,666   21,775,936
 
China Resources Pharmaceutical Group, Ltd.
  1,144,500   650,054
 
China Resources Power Holdings Co., Ltd.
  2,194,517   2,797,771
 
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Class A
  68,758   298,696
 
China Shenhua Energy Co., Ltd., Class H
  5,205,500   8,619,231
 
China South Publishing & Media Group Co., Ltd., Class A
  13,800   21,099
*
China Southern Airlines Co., Ltd., Sponsored ADR
  11,404   261,608
# *
China Southern Airlines Co., Ltd., Class H
  4,054,000   1,881,060
 
China Spacesat Co., Ltd., Class A
  7,000   35,544
 
China State Construction Engineering Corp., Ltd., Class A
  1,611,400   1,161,189
 
China State Construction International Holdings, Ltd.
  332,250   196,601
 
China Taiping Insurance Holdings Co., Ltd.
  3,127,306   5,549,058
 
China Telecom Corp., Ltd., ADR
  55,096   1,634,698
 
China Telecom Corp., Ltd., Class H
  3,440,000   1,021,424
*
China Tianying, Inc., Class A
  40,400   30,047
 
China Tourism Group Duty Free Corp., Ltd., Class A
  65,400   2,278,920
 
China Tower Corp., Ltd., Class H
  2,868,000   521,772
 
China Unicom Hong Kong, Ltd.
  6,624,000   3,684,442
#
China Unicom Hong Kong, Ltd., ADR
  549,731   3,051,007
 
China United Network Communications, Ltd., Class A
  1,444,368   1,051,623
 
China Vanke Co., Ltd., Class H
  1,910,400   6,022,385
 
China West Construction Group Co., Ltd., Class A
  43,200   64,804
 
China Yangtze Power Co., Ltd., Class A
  652,547   1,717,477
 
Chinese Universe Publishing and Media Group Co., Ltd., Class A
  28,600   51,927
 
Chongqing Brewery Co., Ltd., Class A
  4,000   41,738
*
Chongqing Changan Automobile Co., Ltd., Class A
  135,100   214,593
 
Chongqing Department Store Co., Ltd., Class A
  5,000   23,132
 
Chongqing Fuling Zhacai Group Co., Ltd., Class A
  66,300   374,597
 
Chongqing Rural Commercial Bank Co., Ltd., Class H
  5,378,000   2,179,997
 
Chongqing Zhifei Biological Products Co., Ltd., Class A
  58,600   1,560,791
 
CIFI Holdings Group Co., Ltd.
  4,673,191   4,200,840
 
CITIC Securities Co., Ltd., Class H
  1,559,500   3,636,561
 
CITIC, Ltd.
  11,427,000   10,725,280
 
CNHTC Jinan Truck Co., Ltd., Class A
  19,703   103,237
 
CNOOC, Ltd.
  12,017,000   12,683,946
 
CNOOC, Ltd., Sponsored ADR
  116,097   12,265,648
 
COFCO Biotechnology Co., Ltd., Class A
  21,900   25,057
 
Contemporary Amperex Technology Co., Ltd., Class A
  74,500   2,242,227
*
COSCO SHIPPING Holdings Co., Ltd., Class H
  4,016,500   1,513,553
 
Country Garden Holdings Co., Ltd.
  14,026,087   18,012,355
 
Country Garden Services Holdings Co., Ltd.
  1,687,492   10,181,233
 
CRRC Corp., Ltd., Class H
  4,225,000   1,838,970
#
CSC Financial Co., Ltd., Class H
  854,000   1,282,230
 
CSPC Pharmaceutical Group, Ltd.
  8,020,000   16,891,396
 
D&O Home Collection Co., Ltd., Class A
  10,900   60,661
 
Dali Foods Group Co., Ltd.
  4,627,500   2,828,106
 
Daqin Railway Co., Ltd., Class A
  301,300   280,057
 
DaShenLin Pharmaceutical Group Co., Ltd., Class A
  4,200   46,034
 
Datang International Power Generation Co., Ltd., Class H
  3,446,000   453,762
 
Dawning Information Industry Co., Ltd., Class A
  35,600   227,279
 
Dian Diagnostics Group Co., Ltd., Class A
  6,400   34,412
 
Digital China Group Co., Ltd., Class A
  33,800   115,533
 
Dong-E-E-Jiao Co Ltd, Class A
  22,300   130,192
 
Dongfeng Motor Group Co., Ltd., Class H
  4,288,000   3,069,702
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
East Money Information Co., Ltd., Class A
  172,100   $657,163
*
Easysight Supply Chain Management Co., Ltd., Class A
  13,100   26,148
 
ENN Ecological Holdings Co., Ltd., Class A
  14,100   24,135
 
ENN Energy Holdings, Ltd.
  848,700   10,287,733
 
Eoptolink Technology, Inc., Ltd., Class A
  5,100   53,182
 
Eve Energy Co., Ltd., Class A
  65,105   560,853
#
Everbright Securities Co., Ltd., Class H
  466,600   522,099
*
Fangda Carbon New Material Co., Ltd., Class A
  276,347   271,351
*
Fangda Special Steel Technology Co., Ltd., Class A
  172,400   139,993
*
FAW Jiefang Group Co., Ltd.
  174,000   337,106
 
Financial Street Holdings Co., Ltd., Class A
  105,300   104,086
 
Focus Media Information Technology Co., Ltd., Class A
  591,500   514,188
 
Foshan Haitian Flavouring & Food Co., Ltd., Class A
  98,232   2,109,728
 
Fosun International, Ltd.
  4,065,722   4,636,021
 
Fujian Star-net Communication Co., Ltd., Class A
  12,700   60,078
 
Fujian Sunner Development Co., Ltd., Class A
  70,563   290,405
 
Fuyao Glass Industry Group Co., Ltd., Class H
  1,160,400   3,239,965
 
Gansu Qilianshan Cement Group Co., Ltd., Class A
  60,100   183,852
 
Gansu Shangfeng Cement Co., Ltd., Class A
  26,771   115,958
 
G-bits Network Technology Xiamen Co., Ltd., Class A
  3,100   275,365
# *
GDS Holdings, Ltd., ADR
  42,039   3,375,311
 
Geely Automobile Holdings, Ltd.
  9,846,000   20,654,776
 
GEM Co., Ltd., Class A
  100,200   76,830
 
GF Securities Co., Ltd., Class H
  1,637,200   1,964,716
 
Gigadevice Semiconductor Beijing, Inc., Class A
  10,682   356,518
 
Glodon Co., Ltd., Class A
  8,600   94,312
 
GoerTek, Inc., Class A
  180,000   1,106,644
 
Grandblue Environment Co., Ltd., Class A
  4,600   17,567
 
Grandjoy Holdings Group Co., Ltd., Class A
  12,600   9,898
 
Great Wall Motor Co., Ltd., Class H
  4,947,500   4,829,929
 
Gree Electric Appliances, Inc., Class A
  153,933   1,254,483
*
Gree Real Estate Co., Ltd., Class A
  60,500   115,051
 
Greenland Holdings Corp., Ltd., Class A
  192,700   225,399
# *
GSX Techedu, Inc., ADR
  18,400   1,639,808
 
Guangdong Haid Group Co., Ltd., Class A
  49,700   454,879
*
Guangdong HEC Technology Holding Co., Ltd., Class A
  338,100   350,717
 
Guangdong Hongda Blasting Co., Ltd., Class A
  18,800   151,644
 
Guangdong Investment, Ltd.
  2,084,000   3,369,359
 
Guangdong Tapai Group Co., Ltd., Class A
  109,417   245,563
 
Guangdong Xinbao Electrical Appliances Holdings Co., Ltd., Class A
  16,900   120,471
*
Guanghui Energy Co., Ltd., Class A
  92,800   39,103
 
Guangshen Railway Co., Ltd., Sponsored ADR
  8,843   85,512
 
Guangzhou Automobile Group Co., Ltd., Class H
  2,917,162   2,788,155
 
Guangzhou Baiyun International Airport Co., Ltd., Class A
  42,200   85,931
#
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H
  356,000   1,084,157
 
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A
  5,900   81,594
 
Guangzhou R&F Properties Co., Ltd., Class H
  3,320,800   3,832,752
 
Guangzhou Shiyuan Electronic Technology Co., Ltd., Class A
  10,300   153,308
 
Guangzhou Wondfo Biotech Co., Ltd., Class A
  3,900   54,565
 
Guizhou Space Appliance Co., Ltd., Class A
  5,500   36,085
*
Guocheng Mining Co., Ltd., Class A
  8,200   28,089
 
Guosen Securities Co., Ltd., Class A
  39,300   74,271
 
Guotai Junan Securities Co., Ltd., Class H
  570,200   943,778
 
Haier Electronics Group Co., Ltd.
  2,965,000   10,271,893
 
Haier Smart Home Co., Ltd., Class A
  197,800   510,122
 
Hainan Poly Pharm Co., Ltd., Class A
  7,967   50,807
 
Hainan Strait Shipping Co., Ltd., Class A
  24,800   39,555
 
Haisco Pharmaceutical Group Co., Ltd., Class A
  14,100   58,445
*
Haitong Securities Co., Ltd., Class H
  3,485,200   3,242,387
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Hangzhou Binjiang Real Estate Group Co., Ltd., Class A
  151,100   $101,911
 
Hangzhou Hikvision Digital Technology Co Ltd, Class A
  356,528   1,890,293
 
Hangzhou Oxygen Plant Group Co., Ltd., Class A
  28,500   75,130
 
Hangzhou Tigermed Consulting Co., Ltd., Class A
  6,100   94,118
 
Han's Laser Technology Industry Group Co. Ltd., Class A
  66,500   380,977
 
Hefei Meiya Optoelectronic Technology, Inc., Class A
  8,334   71,488
 
Heilongjiang Agriculture Co., Ltd., Class A
  18,200   50,002
 
Henan Shuanghui Investment & Development Co., Ltd., Class A
  118,629   928,985
 
Hengan International Group Co., Ltd.
  1,801,500   15,125,578
 
Hengdian Group DMEGC Magnetics Co., Ltd., Class A
  162,321   274,330
 
Hengli Petrochemical Co., Ltd.,, Class A
  191,300   445,982
 
Hengtong Optic-electric Co., Ltd., Class A
  116,300   276,479
 
Hengyi Petrochemical Co., Ltd., Class A
  119,188   173,307
*
Hesteel Co., Ltd., Class A
  610,700   197,073
 
Hithink RoyalFlush Information Network Co., Ltd., Class A
  15,681   321,310
 
HLA Corp., Ltd., Class A
  81,200   70,875
 
Holitech Technology Co., Ltd., Class A
  85,900   64,724
 
Hongfa Technology Co., Ltd., Class A
  59,589   359,277
 
Huadian Power International Corp., Ltd., Class H
  1,738,000   527,261
 
Huadong Medicine Co., Ltd., Class A
  126,400   503,926
 
Hualan Biological Engineering, Inc., Class A
  37,400   348,174
 
Huaneng Power International, Inc., Sponsored ADR
  33,132   561,256
 
Huaneng Power International, Inc., Class H
  2,986,000   1,275,687
 
Huatai Securities Co., Ltd., Class H
  1,677,200   3,032,529
 
Huaxi Securities Co., Ltd., Class A
  19,500   35,620
 
Huaxia Bank Co., Ltd., Class A
  93,800   85,471
 
Huaxin Cement Co., Ltd., Class A
  95,500   375,201
 
Huayu Automotive Systems Co., Ltd., Class A
  184,700   554,921
#
Huazhu Group, Ltd., ADR
  182,824   6,276,348
 
Hubei Biocause Pharmaceutical Co., Ltd., Class A
  238,300   196,078
 
Hubei Jumpcan Pharmaceutical Co., Ltd., Class A
  13,400   48,633
 
Huishang Bank Corp., Ltd., Class H
  646,800   212,950
 
Hunan Aihua Group Co., Ltd., Class A
  11,700   53,475
*
Hunan Dakang International Food & Agriculture Co., Ltd., Class A
  64,300   24,331
 
Hunan Valin Steel Co., Ltd., Class A
  497,400   319,227
 
Hundsun Technologies, Inc., Class A
  14,980   235,018
 
Huolinhe Opencut Coal Industry Corp., Ltd. of Inner Mongolia, Class A
  235,300   394,614
 
Iflytek Co., Ltd., Class A
  61,000   320,095
 
Industrial & Commercial Bank of China, Ltd., Class H
  51,034,185   29,903,038
 
Industrial Bank Co., Ltd., Class A
  152,000   340,974
*
Inner Mongolia BaoTou Steel Union Co., Ltd., Class A
  1,173,400   196,717
 
Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd., Class A
  175,400   187,979
 
Inner Mongolia Yili Industrial Group Co., Ltd., Class A
  257,200   1,349,304
 
Inspur Electronic Information Industry Co., Ltd., Class A
  27,684   151,793
 
Jafron Biomedical Co., Ltd., Class A
  10,500   110,459
*
JD.com, Inc., ADR
  285,375   18,204,071
 
Jiajiayue Group Co., Ltd., Class A
  25,600   159,258
 
Jiangsu Changshu Rural Commercial Bank Co., Ltd., Class A
  115,500   123,270
 
Jiangsu Eastern Shenghong Co., Ltd., Class A
  138,440   116,447
 
Jiangsu Expressway Co., Ltd., Class H
  1,388,000   1,488,811
 
Jiangsu Hengli Hydraulic Co., Ltd., Class A
  39,998   349,441
 
Jiangsu Hengrui Medicine Co., Ltd., Class A
  169,796   2,297,944
 
Jiangsu Hengshun Vinegar Industry Co., Ltd., Class A
  16,132   46,528
 
Jiangsu King's Luck Brewery JSC, Ltd., Class A
  41,812   260,557
 
Jiangsu Nhwa Pharmaceutical Co., Ltd., Class A
  14,700   36,399
 
Jiangsu Shagang Co., Ltd., Class A
  45,400   70,537
 
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A
  77,000   1,491,096
 
Jiangsu Yangnong Chemical Co., Ltd., Class A
  17,100   235,011
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
Jiangsu Yoke Technology Co., Ltd., Class A
  3,000   $25,992
 
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A
  9,200   48,460
 
Jiangsu Zhongtian Technology Co., Ltd., Class A
  99,300   167,056
 
Jiangsu Zijin Rural Commer Co., Ltd., Class A
  61,800   38,707
 
Jiangxi Copper Co., Ltd., Class H
  1,516,000   1,811,978
 
Jiangxi Zhengbang Technology Co., Ltd., Class A
  181,700   561,958
 
Jilin Aodong Pharmaceutical Group Co., Ltd., Class A
  21,600   53,762
 
Jinduicheng Molybdenum Co., Ltd., Class A
  77,400   73,939
 
Jinke Properties Group Co., Ltd., Class A
  56,300   70,164
 
JiuGui Liquor Co., Ltd., Class A
  3,000   29,555
 
Joincare Pharmaceutical Group Industry Co., Ltd., Class A
  41,970   119,537
 
Jointown Pharmaceutical Group Co., Ltd., Class A
  59,500   159,656
 
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd., Class A
  14,600   146,880
 
Joyoung Co., Ltd., Class A
  53,600   300,184
*
JOYY, Inc., ADR
  63,433   5,063,222
 
Juewei Food Co., Ltd., Class A
  16,200   198,754
 
Juneyao Airlines Co., Ltd., Class A
  45,800   61,115
 
Kingdee International Software Group Co., Ltd.
  865,000   2,392,441
 
Kingsoft Corp., Ltd.
  419,000   2,135,021
 
Kunlun Energy Co., Ltd.
  9,690,000   8,118,012
 
Kweichow Moutai Co., Ltd., Class A
  45,793   11,013,566
 
KWG Group Holdings, Ltd.
  1,036,500   1,848,756
 
Laobaixing Pharmacy Chain JSC, Class A
  16,087   239,862
 
Lenovo Group, Ltd.
  19,511,278   11,762,305
 
Lens Technology Co., Ltd., Class A
  130,000   610,789
 
Lepu Medical Technology Beijing Co., Ltd., Class A
  72,900   448,424
 
Leyard Optoelectronic Co., Ltd., Class A
  56,900   58,608
 
Li Ning Co., Ltd.
  2,852,000   9,192,583
 
LianChuang Electronic Technology Co., Ltd., Class A
  49,539   83,179
 
Liaoning Cheng Da Co., Ltd., Class A
  71,300   285,659
 
Liaoning Wellhope Agri-Tech JSC, Ltd., Class A
  13,300   31,168
*
Lingyi iTech Guangdong Co., Class A
  113,900   193,612
 
Liuzhou Iron & Steel Co., Ltd., Class A
  27,600   19,730
 
Livzon Pharmaceutical Group, Inc., Class H
  49,600   233,240
 
Logan Group Co., Ltd.
  3,728,000   6,460,683
 
Long Yuan Construction Group Co., Ltd., Class A
  17,300   21,140
 
Longfor Group Holdings, Ltd.
  2,962,500   14,640,781
 
LONGi Green Energy Technology Co., Ltd., Class A
  234,800   1,917,665
 
Longshine Technology Group Co., Ltd., Class A
  4,600   11,546
 
Luenmei Quantum Co., Ltd., Class A
  21,560   45,115
 
Luxi Chemical Group Co., Ltd., Class A
  85,200   137,455
 
Luxshare Precision Industry Co., Ltd., Class A
  251,024   2,118,609
 
Luzhou Laojiao Co., Ltd., Class A
  62,829   1,062,649
 
Maccura Biotechnology Co., Ltd., Class A
  23,200   168,579
*
Mango Excellent Media Co., Ltd., Class A
  35,992   351,331
*
Meinian Onehealth Healthcare Holdings Co., Ltd., Class A
  52,557   115,944
*
Meituan Dianping, Class B
  394,500   9,762,491
 
Metallurgical Corp. of China, Ltd., Class H
  3,852,000   651,643
 
Milkyway Chemical Supply Chain Service Co., Ltd., Class A
  1,700   30,495
 
Ming Yang Smart Energy Group, Ltd.
  28,900   66,172
 
MLS Co., Ltd., Class A
  78,500   199,961
 
Momo, Inc., Sponsored ADR
  331,507   6,122,934
 
Muyuan Foodstuff Co., Ltd., Class A
  140,905   1,846,173
 
NanJi E-Commerce Co., Ltd., Class A
  77,000   216,193
 
Nanjing Iron & Steel Co., Ltd., Class A
  423,700   199,799
 
Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Class A
  8,580   58,078
*
Nanyang Topsec Technologies Group, Inc., Class A
  28,600   96,269
 
NARI Technology Co., Ltd., Class A
  113,800   346,971
 
NAURA Technology Group Co., Ltd., Class A
  5,500   163,736
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
NetEase, Inc., ADR
  66,818   $30,630,708
 
New China Life Insurance Co., Ltd., Class H
  1,003,200   3,925,406
 
New Hope Liuhe Co., Ltd., Class A
  127,900   596,417
*
New Oriental Education & Technology Group, Inc., Sponsored ADR
  93,806   13,151,601
 
Newland Digital Technology Co., Ltd., Class A
  18,600   45,972
 
Nine Dragons Paper Holdings, Ltd.
  3,293,000   3,458,747
 
Ninestar Corp., Class A
  39,800   217,132
 
Ningbo Zhoushan Port Co., Ltd., Class A
  412,900   246,604
# *
NIO, Inc., ADR
  288,313   3,442,457
 
Northeast Securities Co., Ltd., Class A
  17,900   28,770
 
Offshore Oil Engineering Co., Ltd., Class A
  227,700   157,099
 
OFILM Group Co., Ltd., Class A
  153,400   426,777
 
Opple Lighting Co., Ltd., Class A
  7,237   31,101
 
Orient Securities Co., Ltd., Class H
  1,280,000   861,961
 
Oriental Pearl Group Co., Ltd., Class A
  133,200   193,469
*
Ourpalm Co., Ltd., Class A
  59,700   80,293
 
Ovctek China, Inc., Class A
  6,900   64,660
*
Pangang Group Vanadium Titanium & Resources Co., Ltd., Class A
  295,200   93,169
 
PCI-Suntek Technology Co., Ltd., Class A
  21,100   28,167
 
People's Insurance Co. Group of China, Ltd. (The), Class H
  7,749,000   2,521,215
 
Perfect World Co., Ltd., Class A
  40,800   224,418
#
PetroChina Co., Ltd., ADR
  118,623   4,086,562
 
PetroChina Co., Ltd., Class H
  10,762,000   3,742,512
 
PICC Property & Casualty Co., Ltd., Class H
  8,297,198   6,556,783
*
Pinduoduo, Inc., ADR
  66,289   6,085,330
 
Ping An Bank Co., Ltd., Class A
  562,800   1,074,813
*
Ping An Healthcare and Technology Co., Ltd.
  208,800   3,567,905
 
Ping An Insurance Group Co. of China, Ltd., Class H
  5,575,000   58,823,058
*
Polaris Bay Group Co., Ltd., Class A
  17,000   32,861
 
Poly Developments and Holdings Group Co., Ltd., Class A
  361,783   807,442
 
Postal Savings Bank of China Co., Ltd., Class H
  6,028,000   3,321,061
 
Power Construction Corp. of China, Ltd., Class A
  581,300   350,807
 
Qianhe Condiment and Food Co., Ltd., Class A
  6,600   32,853
 
Qingdao Hanhe Cable Co., Ltd., Class A
  53,581   39,527
 
Qingdao Port International Co., Ltd., Class H
  164,000   92,875
 
Qingdao TGOOD Electric Co., Ltd., Class A
  13,200   39,781
 
Red Star Macalline Group Corp., Ltd., Class H
  510,629   349,945
 
Rongsheng Petro Chemical Co., Ltd., Class A
  47,300   113,273
 
SAIC Motor Corp, Ltd., Class A
  254,600   663,055
 
Sailun Group Co., Ltd., Class A
  38,800   22,053
 
Sanan Optoelectronics Co., Ltd., Class A
  146,200   563,692
 
Sangfor Technologies, Inc., Class A
  1,900   58,261
 
Sansteel Minguang Co., Ltd. Fujian, Class A
  323,100   329,979
 
Sany Heavy Industry Co., Ltd., Class A
  421,234   1,274,133
 
SDIC Power Holdings Co., Ltd., Class A
  90,100   111,273
 
Sealand Securities Co., Ltd., Class A
  144,000   116,183
#
Seazen Group, Ltd.
  5,844,000   5,542,160
*
Semiconductor Manufacturing International Corp.
  4,132,600   16,181,013
 
SF Holding Co., Ltd., Class A
  110,600   1,121,340
 
Shaanxi Coal Industry Co., Ltd., Class A
  1,016,300   1,178,989
 
Shandong Buchang Pharmaceuticals Co., Ltd., Class A
  89,700   368,512
#
Shandong Gold Mining Co., Ltd., Class H
  210,750   668,379
 
Shandong Hualu Hengsheng Chemical Co., Ltd., Class A
  63,600   210,881
 
Shandong Nanshan Aluminum Co., Ltd., Class A
  182,210   61,914
 
Shandong Sinocera Functional Material Co., Ltd., Class A
  23,600   121,274
 
Shandong Sun Paper Industry JSC, Ltd., Class A
  300,350   546,292
 
Shandong Weigao Group Medical Polymer Co., Ltd., Class H
  3,608,000   9,188,052
 
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Class A
  36,200   81,141
 
Shanghai AtHub Co., Ltd., Class A
  4,800   66,337
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Shanghai Bairun Investment Holding Group Co., Ltd., Class A
  23,600   $183,839
 
Shanghai Baosight Software Co., Ltd., Class A
  22,300   227,987
*
Shanghai Electric Group Co., Ltd., Class H
  3,882,000   1,197,480
 
Shanghai Electric Power Co., Ltd., Class A
  33,600   37,793
 
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H
  746,500   3,535,921
 
Shanghai International Airport Co Ltd, Class A
  19,100   185,799
 
Shanghai International Port Group Co., Ltd., Class A
  61,300   39,599
 
Shanghai Jahwa United Co., Ltd., Class A
  35,100   234,109
 
Shanghai Jinjiang International Hotels Co., Ltd., Class A
  22,900   129,433
 
Shanghai M&G Stationery Inc, Class A
  33,005   309,104
 
Shanghai Pharmaceuticals Holding Co., Ltd., Class H
  1,351,800   2,403,390
 
Shanghai Pudong Development Bank Co., Ltd., Class A
  256,928   381,185
 
Shanghai Putailai New Energy Technology Co., Ltd., Class A
  4,700   71,583
 
Shanghai RAAS Blood Products Co., Ltd., Class A
  342,000   507,010
 
Shanghai Tunnel Engineering Co., Ltd., Class A
  23,800   20,537
 
Shanghai Wanye Enterprises Co., Ltd., Class A
  11,640   34,468
 
Shanghai Yuyuan Tourist Mart Group Co., Ltd., Class A
  175,500   257,825
 
Shanxi Lu'an Environmental Energy Development Co., Ltd., Class A
  192,230   175,579
*
Shanxi Meijin Energy Co., Ltd., Class A
  248,517   235,398
 
Shanxi Securities Co., Ltd., Class A
  40,560   48,069
 
Shanxi Taigang Stainless Steel Co., Ltd., Class A
  106,900   54,392
 
Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Class A
  31,900   823,785
 
Shanxi Xishan Coal & Electricity Power Co., Ltd., Class A
  318,630   192,206
 
Shenergy Co., Ltd., Class A
  43,000   35,091
 
Shengyi Technology Co., Ltd., Class A
  116,500   480,650
 
Shennan Circuits Co., Ltd., Class A
  17,282   381,257
 
Shenwan Hongyuan Group Co., Ltd.
  766,400   244,664
 
Shenzhen Airport Co., Ltd., Class A
  29,000   41,428
 
Shenzhen Capchem Technology Co., Ltd., Class A
  5,400   44,217
 
Shenzhen Everwin Precision Technology Co., Ltd., Class A
  25,800   87,454
 
Shenzhen Fastprint Circuit Tech Co., Ltd., Class A
  16,100   29,648
 
Shenzhen Goodix Technology Co., Ltd., Class A
  16,600   495,975
 
Shenzhen Hepalink Pharmaceutical Group Co., Ltd., Class A
  37,200   130,913
 
Shenzhen Inovance Technology Co., Ltd., Class A
  39,700   286,054
 
Shenzhen International Holdings, Ltd.
  129,753   211,749
 
Shenzhen Kaifa Technology Co., Ltd., Class A
  6,400   23,220
*
Shenzhen Kangtai Biological Products Co., Ltd., Class A
  21,650   698,122
 
Shenzhen Megmeet Electrical Co., Ltd., Class A
  8,600   36,442
 
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A
  32,400   1,612,071
 
Shenzhen Overseas Chinese Town Co., Ltd., Class A
  480,400   493,632
 
Shenzhen Salubris Pharmaceuticals Co., Ltd., Class A
  10,700   53,392
 
Shenzhen SC New Energy Technology Corp., Class A
  7,600   105,035
 
Shenzhen Sinovatio Technology Co., Ltd., Class A
  7,200   86,236
 
Shenzhen Sunlord Electronics Co., Ltd., Class A
  47,900   187,776
 
Shenzhen Suntak Circuit Technology Co., Ltd., Class A
  38,400   108,263
 
Shenzhen Sunway Communication Co., Ltd., Class A
  49,600   394,447
 
Shenzhen Tagen Group Co., Ltd., Class A
  137,273   168,490
 
Shenzhen YUTO Packaging Technology Co., Ltd., Class A
  21,216   107,947
 
Shenzhou International Group Holdings, Ltd.
  1,251,200   14,945,240
 
Shijiazhuang Yiling Pharmaceutical Co., Ltd., Class A
  16,200   74,070
 
Shimao Group Holdings, Ltd.
  3,062,871   12,996,775
*
Siasun Robot & Automation Co., Ltd., Class A
  25,500   57,185
 
Sichuan Kelun Pharmaceutical Co., Ltd., Class A
  107,593   346,689
 
Sichuan Languang Development Co., Ltd., Class A
  155,000   118,745
 
Sichuan Swellfun Co., Ltd., Class A
  15,900   145,231
 
Sieyuan Electric Co., Ltd., Class A
  16,000   64,871
 
Sino Biopharmaceutical, Ltd.
  20,119,500   26,283,866
 
Sinochem International Corp., Class A
  40,900   33,287
 
Sinoma Science & Technology Co., Ltd., Class A
  30,300   90,310
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
*
Sinopec Oilfield Service Corp., Class H
  1,960,000   $141,868
 
Sinopec Shanghai Petrochemical Co., Ltd., Class H
  2,955,000   657,926
 
Sinopharm Group Co., Ltd., Class H
  2,426,400   5,782,789
 
Sinotruk Hong Kong, Ltd.
  1,510,500   4,713,748
 
Skshu Paint Co., Ltd., Class A
  9,520   208,437
 
Skyworth Digital Co., Ltd., Class A
  13,400   24,399
 
Spring Airlines Co., Ltd., Class A
  29,700   168,896
 
Sun Art Retail Group, Ltd.
  4,995,500   6,942,743
#
Sunac China Holdings, Ltd.
  4,813,000   22,694,521
 
Sungrow Power Supply Co., Ltd., Class A
  24,300   73,055
 
Suning.com Co., Ltd., Class A
  268,024   396,237
 
Sunny Optical Technology Group Co., Ltd.
  581,700   10,923,796
 
Sunwoda Electronic Co., Ltd., Class A
  32,900   112,588
 
Suzhou Dongshan Precision Manufacturing Co., Ltd., Class A
  62,200   261,477
 
Suzhou Gold Mantis Construction Decoration Co., Ltd., Class A
  205,700   264,513
*
Tahoe Group Co., Ltd., Class A
  48,500   41,278
 
Taiji Computer Corp., Ltd., Class A
  5,039   23,553
 
Tangshan Jidong Cement Co., Ltd., Class A
  25,700   70,563
 
Tasly Pharmaceutical Group Co., Ltd., Class A
  15,500   38,531
 
TBEA Co., Ltd., Class A
  75,900   94,968
 
TCL Technology Group Corp., Class A
  198,400   177,810
*
Tech-Bank Food Co., Ltd., Class A
  19,000   50,914
 
Tecon Biology Co., Ltd., Class A
  15,400   39,406
 
Tencent Holdings, Ltd.
  4,352,900   298,600,905
 
Thunder Software Technology Co., Ltd., Class A
  5,500   76,485
 
Tianjin 712 Communication & Broadcasting Co., Ltd., Class A
  24,100   152,859
 
Tianjin Chase Sun Pharmaceutical Co., Ltd., Class A
  29,600   23,536
 
Tianjin Guangyu Development Co., Ltd., Class A
  42,400   50,348
 
Tianma Microelectronics Co., Ltd., Class A
  79,355   191,120
 
Tianshui Huatian Technology Co., Ltd., Class A
  45,200   107,201
 
Tingyi Cayman Islands Holding Corp.
  5,156,000   9,611,800
 
Toly Bread Co., Ltd., Class A
  8,300   71,650
 
Tonghua Dongbao Pharmaceutical Co., Ltd., Class A
  37,200   73,177
 
Tongkun Group Co., Ltd., Class A
  214,200   443,332
 
Tongwei Co., Ltd., Class A
  443,300   1,733,130
*
Topchoice Medical Corp., Class A
  3,700   93,570
 
Transfar Zhilian Co., Ltd., Class A
  136,526   112,365
 
TravelSky Technology, Ltd., Class H
  1,714,000   3,296,853
*
Trip.com Group Ltd., ADR
  564,895   15,365,144
#
Tsingtao Brewery Co., Ltd., Class H
  752,000   6,703,697
*
Tunghsu Optoelectronic Technology Co., Ltd., Class A
  130,400   52,321
 
Unigroup Guoxin Microelectronics Co., Ltd., Class A
  3,900   70,715
 
Uni-President China Holdings, Ltd.
  76,000   82,465
*
Unisplendour Corp., Ltd., Class A
  58,200   366,042
 
United Energy Group, Ltd.
  6,242,000   1,096,079
 
Valiant Co., Ltd., Class A
  19,100   48,514
 
Venustech Group Inc.,, Class A
  13,200   74,589
 
Victory Giant Technology Huizhou Co., Ltd., Class A
  17,400   57,383
# *
Vipshop Holdings, Ltd., ADR
  978,073   22,270,722
 
Walvax Biotechnology Co., Ltd., Class A
  9,900   114,699
 
Wanhua Chemical Group Co., Ltd., Class A
  156,800   1,517,881
 
Want Want China Holdings, Ltd.
  12,213,000   9,038,230
# *
Weibo Corp., Sponsored ADR
  134,278   4,640,648
 
Weichai Power Co., Ltd., Class H
  3,524,800   7,548,940
 
Weifu High-Technology Group Co., Ltd., Class A
  33,838   106,862
 
Weihai Guangwei Composites Co., Ltd., Class A
  14,400   160,075
 
Wens Foodstuffs Group Co., Ltd., Class A
  363,480   1,237,574
 
Will Semiconductor, Ltd., Class A
  18,412   546,225
 
Winning Health Technology Group Co., Ltd., Class A
  9,100   30,119
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Wolong Electric Group Co., Ltd., Class A
  27,300   $47,266
*
Wonders Information Co., Ltd., Class A
  21,868   84,029
 
Wuchan Zhongda Group Co., Ltd., Class A
  117,100   76,917
 
Wuhan Guide Infrared Co., Ltd., Class A
  5,820   32,581
 
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A
  106,804   698,196
 
Wuhu Token Science Co., Ltd., Class A
  184,500   322,308
 
Wuliangye Yibin Co., Ltd., Class A
  165,206   5,149,592
 
WUS Printed Circuit Kunshan Co., Ltd., Class A
  56,200   193,585
*
Wuxi Biologics Cayman, Inc.
  117,000   2,415,329
 
Wuxi Lead Intelligent Equipment Co., Ltd., Class A
  18,700   117,802
 
Wuxi Taiji Industry Co., Ltd., Class A
  103,500   170,855
 
XCMG Construction Machinery Co., Ltd., Class A
  240,100   218,661
 
Xiamen C & D, Inc., Class A
  197,600   265,329
 
Xiamen Faratronic Co., Ltd., Class A
  3,500   30,275
 
Xiamen Intretech, Inc., Class A
  20,100   171,495
 
Xiamen ITG Group Corp., Ltd., Class A
  39,200   39,147
 
Xiamen Kingdomway Group Co., Class A
  16,295   137,222
 
Xiamen Tungsten Co., Ltd., Class A
  29,500   63,655
*
Xiaomi Corp., Class B
  4,013,000   7,693,162
 
Xinfengming Group Co., Ltd., Class A
  7,400   11,250
 
Xinhu Zhongbao Co., Ltd., Class A
  510,500   249,327
 
Xinjiang Goldwind Science & Technology Co., Ltd., Class H
  1,032,359   1,039,244
 
Xinjiang Tianshan Cement Co., Ltd., Class A
  43,900   113,343
#
Xinyi Solar Holdings, Ltd.
  6,776,170   7,436,745
 
Xinyu Iron & Steel Co., Ltd., Class A
  109,400   69,388
 
Xuji Electric Co., Ltd., Class A
  11,300   25,996
 
Yang Quan Coal Industry Group Co., Ltd., Class A
  54,400   37,948
 
Yantai Dongcheng Pharmaceutical Co., Ltd., Class A
  7,300   25,903
 
Yantai Eddie Precision Machinery Co., Ltd., Class A
  19,501   165,387
 
Yantai Jereh Oilfield Services Group Co., Ltd., Class A
  59,500   267,522
 
YanTai Shuangta Food Co., Ltd., Class A
  9,300   21,042
 
Yanzhou Coal Mining Co., Ltd., Class H
  4,920,000   3,845,875
 
Yealink Network Technology Corp., Ltd., Class A
  12,000   108,778
 
Yifan Pharmaceutical Co., Ltd., Class A
  12,700   53,775
 
Yifeng Pharmacy Chain Co., Ltd., Class A
  11,000   136,150
 
Yihai International Holding, Ltd.
  861,000   10,563,103
 
Yintai Gold Co., Ltd., Class A
  91,700   250,448
 
Yixintang Pharmaceutical Group Co., Ltd., Class A
  4,800   21,961
 
Yonghui Superstores Co., Ltd., Class A
  346,200   445,988
 
Yonyou Network Technology Co., Ltd., Class A
  73,400   494,489
*
Youzu Interactive Co., Ltd., Class A
  23,400   74,323
 
Yum China Holdings, Inc.
  404,145   20,708,390
 
Yunda Holding Co., Ltd., Class A
  52,390   180,154
 
Yunnan Baiyao Group Co Ltd, Class A
  29,300   460,333
*
Yunnan Copper Co., Ltd., Class A
  50,200   106,212
 
Yunnan Energy New Material Co., Ltd., Class A
  25,485   291,506
*
Yunnan Tin Co., Ltd., Class A
  74,300   110,093
 
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd., Class A
  19,450   569,379
*
Zhefu Holding Group Co., Ltd., Class A
  39,500   31,764
 
Zhejiang Century Huatong Group Co., Ltd., Class A
  95,660   165,755
 
Zhejiang Chint Electrics Co., Ltd., Class A
  69,584   316,042
 
Zhejiang Dingli Machinery Co., Ltd., Class A
  15,370   195,596
 
Zhejiang Expressway Co., Ltd., Class H
  744,000   553,276
 
Zhejiang Hailiang Co., Ltd., Class A
  14,200   18,081
 
Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A
  20,000   23,431
 
Zhejiang Huafeng Spandex Co., Ltd., Class A
  40,200   39,012
 
Zhejiang Huahai Pharmaceutical Co., Ltd., Class A
  26,640   147,298
 
Zhejiang Huayou Cobalt Co., Ltd., Class A
  33,200   203,912
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Zhejiang Jiahua Energy Chemical Industry Co., Ltd., Class A
  84,400   $157,523
 
Zhejiang Jingsheng Mechanical & Electrical Co., Ltd., Class A
  6,500   23,118
 
Zhejiang Longsheng Group Co., Ltd., Class A
  213,500   452,367
 
Zhejiang NHU Co., Ltd., Class A
  123,400   520,442
 
Zhejiang Runtu Co., Ltd., Class A
  16,500   22,604
 
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A
  184,790   627,876
 
Zhejiang Satellite Petrochemical Co., Ltd., Class A
  110,800   290,651
 
Zhejiang Semir Garment Co., Ltd., Class A
  17,900   19,059
 
Zhejiang Tianyu Pharmaceutical Co., Ltd., Class A
  3,500   52,411
 
Zhejiang Weiming Environment Protection Co., Ltd., Class A
  22,600   69,879
 
Zhejiang Weixing New Building Materials Co., Ltd., Class A
  77,000   150,692
 
Zhejiang Wolwo Bio-Pharmaceutical Co., Ltd., Class A
  3,900   37,690
 
Zhejiang Xianju Pharmaceutical Co., Ltd., Class A
  39,056   84,669
 
Zhengzhou Yutong Bus Co., Ltd., Class A
  76,909   150,209
*
ZhongAn Online P&C Insurance Co., Ltd., Class H
  27,000   161,871
 
Zhongji Innolight Co., Ltd., Class A
  6,600   56,025
 
Zhongjin Gold Corp., Ltd., Class A
  186,300   305,295
#
Zhongsheng Group Holdings, Ltd.
  1,513,000   9,353,010
 
Zhuzhou CRRC Times Electric Co., Ltd., Class H
  361,800   1,270,905
 
Zhuzhou Kibing Group Co., Ltd., Class A
  261,801   341,807
 
Zibo Qixiang Tengda Chemical Co., Ltd., Class A
  25,100   27,737
 
Zijin Mining Group Co., Ltd., Class H
  8,813,000   5,540,386
*
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H
  2,238,600   2,307,987
#
ZTE Corp., Class H
  750,885   2,223,792
 
ZTO Express Cayman, Inc., ADR
  385,998   14,301,226
TOTAL CHINA
      1,955,745,500
COLOMBIA — (0.2%)
 
Banco de Bogota SA
  52,622   875,107
 
Bancolombia SA, Sponsored ADR
  69,079   1,928,686
 
Bancolombia SA
  196,369   1,409,775
 
Cementos Argos SA
  224,103   219,721
#
Ecopetrol SA, Sponsored ADR
  79,999   931,188
 
Ecopetrol SA
  3,327,922   1,854,294
 
Grupo Argos SA
  402,382   1,099,463
 
Grupo Aval Acciones y Valores SA, ADR
  81,855   374,077
 
Grupo de Inversiones Suramericana SA
  293,882   1,527,273
*
Grupo Energia Bogota SA ESP
  766,661   470,306
 
Grupo Nutresa SA
  173,509   938,892
 
Interconexion Electrica SA ESP
  448,456   2,306,551
TOTAL COLOMBIA
      13,935,333
CZECH REPUBLIC — (0.1%)
 
CEZ A.S.
  178,503   3,595,993
*
Komercni banka A.S.
  44,490   1,031,876
 
O2 Czech Republic A.S.
  71,923   688,389
TOTAL CZECH REPUBLIC
      5,316,258
EGYPT — (0.1%)
 
Commercial International Bank Egypt S.A.E., GDR
  1,472,892   5,679,520
 
Commercial International Bank Egypt S.A.E., GDR
  770   2,969
TOTAL EGYPT
      5,682,489
GREECE — (0.2%)
*
Alpha Bank AE
  762,661   479,609
*
Eurobank Ergasias Services and Holdings SA, Class A
  1,679,991   717,938
*
FF Group
  12,618   13,377
The Emerging Markets Series
CONTINUED
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GREECE — (Continued)
 
Hellenic Petroleum SA
  76,841   $476,931
 
Hellenic Telecommunications Organization SA
  262,977   3,869,320
 
JUMBO SA
  124,402   2,427,205
 
Motor Oil Hellas Corinth Refineries SA
  71,122   971,419
 
Mytilineos SA
  88,879   830,802
*
National Bank of Greece SA
  392,915   521,150
 
OPAP SA
  319,281   2,892,329
 
Terna Energy SA
  78,450   1,029,640
 
Titan Cement International SA
  61,385   790,824
TOTAL GREECE
      15,020,544
HUNGARY — (0.3%)
*
MOL Hungarian Oil & Gas P.L.C.
  1,186,482   6,989,252
*
OTP Bank P.L.C.
  262,272   9,393,764
 
Richter Gedeon Nyrt
  184,699   4,273,441
TOTAL HUNGARY
      20,656,457
INDIA — (10.9%)
*
3M India, Ltd.
  2,464   694,167
 
ABB India, Ltd.
  42,536   509,198
*
ABB Powar Products & System India, Ltd.
  8,507   101,914
 
ACC, Ltd.
  91,975   1,752,289
 
Adani Enterprises, Ltd.
  131,784   311,398
 
Adani Gas, Ltd.
  248,317   505,834
*
Adani Green Energy, Ltd.
  267,657   1,220,525
 
Adani Ports & Special Economic Zone, Ltd.
  981,634   4,122,843
*
Adani Power, Ltd.
  1,288,677   608,403
*
Adani Transmissions, Ltd.
  401,310   1,262,038
*
Aditya Birla Capital, Ltd.
  902,487   655,426
*
Aditya Birla Fashion and Retail, Ltd.
  26,155   43,314
 
AIA Engineering, Ltd.
  10,508   231,929
 
Ambuja Cements, Ltd.
  1,023,104   2,993,859
 
Apollo Hospitals Enterprise, Ltd.
  102,603   2,308,257
 
Ashok Leyland, Ltd.
  1,264,109   820,970
 
Asian Paints, Ltd.
  301,688   6,925,530
 
Astral Poly Technik, Ltd.
  9,818   126,955
 
Aurobindo Pharma, Ltd.
  749,582   8,797,025
*
Avenue Supermarts, Ltd.
  79,439   2,183,447
 
Axis Bank, Ltd.
  1,501,934   8,665,313
 
Bajaj Auto, Ltd.
  87,505   3,504,442
 
Bajaj Finance, Ltd.
  195,036   8,485,665
 
Bajaj Finserv, Ltd.
  46,272   3,834,444
 
Bajaj Holdings & Investment, Ltd.
  65,332   2,299,458
 
Balkrishna Industries, Ltd.
  140,951   2,488,277
 
Bandhan Bank, Ltd.
  68,599   314,771
*
Bank of Baroda
  1,343,142   835,622
 
Bata India, Ltd.
  32,925   557,314
 
Bayer CropScience, Ltd.
  3,229   239,357
 
Berger Paints India, Ltd.
  372,075   2,611,566
 
Bharat Electronics, Ltd.
  1,847,465   2,370,823
 
Bharat Forge, Ltd.
  348,724   1,773,963
 
Bharat Petroleum Corp., Ltd.
  536,738   2,962,841
*
Bharti Airtel, Ltd.
  2,109,825   15,633,490
 
Bharti Infratel, Ltd.
  704,276   1,803,768
*
Biocon, Ltd.
  359,735   1,972,250
 
Bosch, Ltd.
  11,674   2,043,735
 
Britannia Industries, Ltd.
  63,182   3,230,921
 
Cadila Healthcare, Ltd.
  546,772   2,854,305
The Emerging Markets Series
CONTINUED
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INDIA — (Continued)
 
Castrol India, Ltd.
  287,697   $437,273
 
Cholamandalam Investment and Finance Co., Ltd.
  687,891   1,858,664
 
Cipla, Ltd.
  537,720   5,175,811
 
City Union Bank, Ltd.
  45,561   73,616
 
Coal India, Ltd.
  771,890   1,335,118
 
Colgate-Palmolive India, Ltd.
  124,817   2,370,827
 
Container Corp. Of India, Ltd.
  383,872   2,305,290
 
Coromandel International, Ltd.
  5,122   53,292
 
Dabur India, Ltd.
  509,409   3,485,491
*
Dalmia Bharat, Ltd.
  47,513   482,629
 
Divi's Laboratories, Ltd.
  107,580   3,759,932
 
DLF, Ltd.
  665,071   1,249,332
 
Dr Reddy's Laboratories, Ltd., ADR
  132,068   8,029,734
 
Dr Reddy's Laboratories, Ltd.
  18,774   1,137,614
 
Edelweiss Financial Services, Ltd.
  640,553   651,501
 
Eicher Motors, Ltd.
  17,878   4,918,993
 
Emami, Ltd.
  88,793   284,457
 
Endurance Technologies, Ltd.
  4,846   58,196
*
Future Retail, Ltd.
  107,634   157,540
 
GAIL India, Ltd.
  2,491,096   3,224,199
 
GAIL India, Ltd., GDR
  102,369   785,430
 
General Insurance Corp. of India
  58,534   112,085
 
Gillette India, Ltd.
  2,559   171,694
 
GlaxoSmithKline Pharmaceuticals, Ltd.
  34,920   670,896
 
Glenmark Pharmaceuticals, Ltd.
  24,206   145,830
 
Godrej Consumer Products, Ltd.
  383,501   3,547,713
 
Godrej Industries, Ltd.
  16,959   80,147
*
Godrej Properties, Ltd.
  39,365   490,476
 
Grasim Industries, Ltd.
  500,124   4,221,584
 
Havells India, Ltd.
  372,220   2,898,481
 
HCL Technologies, Ltd.
  1,502,888   14,145,881
 
HDFC Asset Management Co., Ltd.
  23,512   759,297
 
HDFC Bank Ltd.
  2,413,140   33,347,643
*
HDFC Life Insurance Co., Ltd.
  340,923   2,856,294
*
Hemisphere Properties India, Ltd.
  109,030   45,579
 
Hero MotoCorp, Ltd.
  131,435   4,670,662
 
Hindalco Industries, Ltd.
  2,897,154   6,370,980
 
Hindustan Petroleum Corp., Ltd.
  824,822   2,369,258
 
Hindustan Unilever, Ltd.
  860,496   25,385,110
 
Honeywell Automation India, Ltd.
  1,023   368,457
 
Housing Development Finance Corp., Ltd.
  937,070   22,342,735
*
ICICI Bank, Ltd., Sponsored ADR
  1,133,676   10,645,213
*
ICICI Bank, Ltd.
  1,115,137   5,195,432
 
ICICI Lombard General Insurance Co., Ltd.
  76,631   1,328,155
 
ICICI Prudential Life Insurance Co., Ltd.
  248,252   1,498,372
 
IIFL Finance, Ltd.
  74,239   66,773
 
IIFL Securities, Ltd.
  120,008   61,911
 
IIFL Wealth Management, Ltd.
  17,144   251,193
 
Indian Hotels Co., Ltd. (The)
  129,026   131,344
 
Indian Oil Corp., Ltd.
  1,272,598   1,504,523
*
Indraprastha Gas, Ltd.
  285,841   1,543,256
 
IndusInd Bank, Ltd.
  173,449   1,209,318
 
Info Edge India, Ltd.
  53,029   2,259,663
 
Infosys, Ltd., Sponsored ADR
  1,345,607   17,291,050
 
Infosys, Ltd.
  2,766,813   35,640,517
 
InterGlobe Aviation, Ltd.
  48,289   629,125
 
ITC, Ltd.
  3,565,959   9,242,498
 
JSW Steel, Ltd.
  2,645,885   7,817,938
 
Jubilant Foodworks, Ltd.
  128,080   2,957,491
The Emerging Markets Series
CONTINUED
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INDIA — (Continued)
 
Kansai Nerolac Paints, Ltd.
  148,155   $859,530
 
Kotak Mahindra Bank, Ltd.
  538,866   9,816,469
 
Larsen & Toubro Infotech, Ltd.
  82,694   2,661,991
 
Larsen & Toubro, Ltd.
  406,039   4,956,373
 
LIC Housing Finance, Ltd.
  170,926   600,018
 
Lupin, Ltd.
  508,768   6,277,349
*
Mahindra & Mahindra Financial Services, Ltd.
  699,743   1,217,443
 
Mahindra & Mahindra, Ltd.
  1,210,838   9,855,346
 
Marico, Ltd.
  758,665   3,685,012
 
Maruti Suzuki India, Ltd.
  119,218   9,959,867
 
Mindtree, Ltd.
  3,904   56,571
 
Motherson Sumi Systems, Ltd.
  2,490,668   3,170,343
 
Mphasis, Ltd.
  149,384   2,292,973
 
MRF, Ltd.
  2,706   2,210,078
 
Muthoot Finance, Ltd.
  340,238   5,774,206
 
Nestle India, Ltd.
  30,761   6,780,941
 
NHPC, Ltd.
  2,345,278   634,247
 
NMDC, Ltd.
  397,000   446,050
 
NTPC, Ltd.
  1,349,584   1,566,401
 
Oberoi Realty, Ltd.
  59,136   273,880
 
Oil & Natural Gas Corp., Ltd.
  1,591,876   1,667,704
 
Oracle Financial Services Software, Ltd.
  37,250   1,459,398
 
Page Industries, Ltd.
  8,408   2,223,649
 
Petronet LNG, Ltd.
  1,665,237   5,505,516
 
Pfizer, Ltd.
  2,520   143,924
 
PI Industries, Ltd.
  3,550   83,781
 
Pidilite Industries, Ltd.
  132,772   2,412,088
 
Piramal Enterprises, Ltd.
  145,472   2,866,892
 
Power Finance Corp., Ltd.
  2,049,667   2,220,011
 
Power Grid Corp. of India, Ltd.
  1,472,433   3,508,051
 
Procter & Gamble Hygiene & Health Care, Ltd.
  11,092   1,527,977
*
Punjab National Bank
  2,198,080   938,596
 
Rajesh Exports, Ltd.
  99,728   608,479
 
Ramco Cements, Ltd. (The)
  56,351   520,768
 
REC, Ltd.
  2,208,192   2,959,314
 
Reliance Industries, Ltd.
  2,692,974   74,580,244
*
SBI Life Insurance Co., Ltd.
  132,215   1,608,700
 
Shree Cement, Ltd.
  10,117   2,926,532
 
Shriram Transport Finance Co., Ltd.
  318,970   2,942,514
 
Shriram Transport Finance Co., Ltd.
  42,563   393,983
 
Siemens, Ltd.
  46,139   715,981
 
SRF, Ltd.
  16,021   809,527
*
State Bank of India
  1,062,397   2,703,829
*
State Bank of India, GDR
  3,115   78,186
 
Sun Pharmaceutical Industries, Ltd.
  761,624   5,472,009
 
Sun TV Network, Ltd.
  97,318   502,974
 
Sundaram Finance Holdings, Ltd.
  27,690   17,385
 
Sundaram Finance, Ltd.
  29,312   497,565
 
Tata Chemicals, Ltd.
  103,755   425,567
 
Tata Communications, Ltd.
  109,030   1,108,251
 
Tata Consultancy Services, Ltd.
  941,839   28,727,178
 
Tata Consumer Products, Ltd.
  521,576   2,979,090
# *
Tata Motors, Ltd., Sponsored ADR
  41,094   280,261
*
Tata Motors, Ltd.
  6,345,700   8,828,466
 
Tata Steel, Ltd.
  795,395   3,930,372
 
Tech Mahindra, Ltd.
  940,107   8,534,780
 
Titan Co., Ltd.
  324,943   4,542,025
 
Torrent Pharmaceuticals, Ltd.
  88,263   3,140,846
 
UltraTech Cement, Ltd.
  105,617   5,819,575
The Emerging Markets Series
CONTINUED
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INDIA — (Continued)
 
United Breweries, Ltd.
  118,663   $1,514,895
*
United Spirits, Ltd.
  386,381   2,999,014
*
UPL, Ltd.
  1,301,255   8,297,807
 
Varun Beverages, Ltd.
  13,519   127,865
 
Vedanta, Ltd.
  3,703,380   5,648,861
*
Vodafone Idea, Ltd.
  662,516   74,105
 
Voltas, Ltd.
  71,701   571,024
 
Whirlpool of India, Ltd.
  27,842   773,786
 
Wipro, Ltd.
  1,810,760   6,768,364
 
Zee Entertainment Enterprises, Ltd.
  1,232,655   2,278,470
TOTAL INDIA
      663,128,426
INDONESIA — (1.9%)
*
Ace Hardware Indonesia Tbk PT
  11,832,300   1,417,874
 
Adaro Energy Tbk PT
  51,110,500   3,822,961
 
Aneka Tambang Tbk
  7,595,200   380,770
 
Astra Agro Lestari Tbk PT
  889,145   592,996
 
Astra International Tbk PT
  18,610,210   6,555,698
 
Bank BTPN Syariah Tbk PT
  49,700   11,786
 
Bank Central Asia Tbk PT
  7,632,900   16,349,457
 
Bank Danamon Indonesia Tbk PT
  4,650,879   875,409
 
Bank Mandiri Persero Tbk PT
  12,156,434   4,831,572
 
Bank Negara Indonesia Persero Tbk PT
  10,097,322   3,192,222
*
Bank Pan Indonesia Tbk PT
  3,864,200   213,622
*
Bank Permata Tbk PT
  7,533,700   656,184
 
Bank Rakyat Indonesia Persero Tbk PT
  59,710,700   12,970,069
 
Bank Tabungan Negara Persero Tbk PT
  898,100   78,362
*
Barito Pacific Tbk PT
  53,199,500   3,480,816
 
Bayan Resources Tbk PT
  79,500   72,289
 
Bukit Asam Tbk PT
  10,954,400   1,531,853
*
Bumi Serpong Damai Tbk PT
  9,912,200   470,721
 
Charoen Pokphand Indonesia Tbk PT
  9,149,900   3,907,129
 
Ciputra Development Tbk PT
  4,428,800   199,407
 
Gudang Garam Tbk PT
  1,030,300   3,532,635
 
Indah Kiat Pulp & Paper Corp. Tbk PT
  7,756,200   4,161,885
*
Indocement Tunggal Prakarsa Tbk PT
  1,332,100   1,131,116
 
Indofood CBP Sukses Makmur Tbk PT
  2,919,800   1,840,087
 
Indofood Sukses Makmur Tbk PT
  11,811,100   5,234,823
 
Japfa Comfeed Indonesia Tbk PT
  525,300   38,339
 
Jasa Marga Persero Tbk PT
  3,461,813   933,948
 
Kalbe Farma Tbk PT
  28,240,200   3,037,879
 
Mayora Indah Tbk PT
  10,397,525   1,677,146
 
Media Nusantara Citra Tbk PT
  2,146,400   120,713
*
Merdeka Copper Gold Tbk PT
  2,099,200   257,897
 
Mitra Keluarga Karyasehat Tbk PT
  4,366,400   717,629
 
Pabrik Kertas Tjiwi Kimia Tbk PT
  563,200   261,440
 
Pakuwon Jati Tbk PT
  17,021,800   495,827
 
Perusahaan Gas Negara Tbk PT
  14,270,600   1,240,536
 
Sarana Menara Nusantara Tbk PT
  38,313,400   2,985,720
 
Semen Indonesia Persero Tbk PT
  3,844,700   2,437,548
 
Sinar Mas Agro Resources & Technology Tbk PT
  1,035,700   213,042
*
Smartfren Telecom Tbk PT
  49,239,100   482,492
 
Surya Citra Media Tbk PT
  4,411,300   388,939
 
Telekomunikasi Indonesia Persero Tbk PT
  35,399,000   7,383,520
#
Telekomunikasi Indonesia Persero Tbk PT, Sponsored ADR
  99,464   2,040,007
 
Tower Bersama Infrastructure Tbk PT
  12,992,000   1,121,946
 
Transcoal Pacific Tbk PT
  179,600   48,222
 
Unilever Indonesia Tbk PT
  7,992,900   4,607,139
 
United Tractors Tbk PT
  4,737,496   6,942,879
The Emerging Markets Series
CONTINUED
      Shares   Value»
INDONESIA — (Continued)
*
Vale Indonesia Tbk PT
  3,854,400   $908,461
 
Waskita Karya Persero Tbk PT
  1,358,079   58,428
 
XL Axiata Tbk PT
  13,224,900   2,272,169
TOTAL INDONESIA
      118,183,609
MALAYSIA — (2.3%)
*
AFFIN Bank Bhd
  46,990   17,916
 
AMMB Holdings Bhd
  4,261,559   2,919,508
 
Astro Malaysia Holdings Bhd
  2,506,800   472,271
 
Axiata Group Bhd
  3,897,232   2,946,110
 
Batu Kawan Bhd
  105,400   380,710
 
BIMB Holdings Bhd
  1,185,355   955,195
 
Carlsberg Brewery Malaysia Bhd, Class B
  122,900   733,883
 
CIMB Group Holdings Bhd
  4,350,791   3,692,143
 
Dialog Group Bhd
  2,303,318   2,060,914
 
DiGi.Com Bhd
  3,696,120   3,705,870
 
Fraser & Neave Holdings Bhd
  226,900   1,739,998
 
Gamuda Bhd
  3,258,546   2,744,580
#
Genting Bhd
  3,503,600   3,179,068
#
Genting Malaysia Bhd
  5,054,700   2,725,590
 
Genting Plantations Bhd
  335,600   802,031
#
HAP Seng Consolidated Bhd
  973,700   2,058,330
 
Hartalega Holdings Bhd
  1,889,700   9,080,228
 
Heineken Malaysia Bhd
  121,200   646,971
 
Hong Leong Bank Bhd
  607,666   2,157,287
#
Hong Leong Financial Group Bhd
  557,283   1,778,346
 
IHH Healthcare Bhd
  941,700   1,202,828
 
IJM Corp. Bhd
  5,443,462   2,059,916
 
Inari Amertron Bhd
  3,580,200   1,815,535
 
IOI Corp. Bhd
  1,524,905   1,652,463
 
IOI Properties Group Bhd
  2,675,929   584,523
 
Kossan Rubber Industries
  580,000   2,416,600
 
Kuala Lumpur Kepong Bhd
  267,846   1,473,785
 
LPI Capital Bhd
  12,900   40,769
#
Malayan Banking Bhd
  3,751,538   6,791,609
 
Malaysia Airports Holdings Bhd
  2,664,441   3,328,753
 
Malaysia Building Society Bhd
  1,846,160   233,495
#
Maxis Bhd
  2,881,400   3,601,213
 
MISC Bhd
  821,598   1,529,490
 
Nestle Malaysia Bhd
  45,500   1,522,233
 
Petronas Chemicals Group Bhd
  2,366,000   3,462,051
 
Petronas Dagangan Bhd
  344,300   1,746,996
 
Petronas Gas Bhd
  680,800   2,707,388
 
PPB Group Bhd
  869,480   4,047,113
 
Press Metal Aluminium Holdings Bhd
  1,846,600   2,111,493
 
Public Bank Bhd
  3,656,014   14,674,466
#
QL Resources Bhd
  1,175,190   2,703,052
#
RHB Bank Bhd
  2,934,305   3,474,645
 
Serba Dinamik Holdings Bhd
  2,892,120   1,115,906
 
Sime Darby Bhd
  7,006,261   3,601,352
 
Sime Darby Plantation Bhd
  1,618,761   1,994,310
 
Sime Darby Property Bhd
  1,681,961   248,036
 
Sunway Bhd
  3,505,182   1,118,589
 
Telekom Malaysia Bhd
  1,604,564   1,514,238
 
Tenaga Nasional Bhd
  2,055,150   5,546,208
 
TIME dotCom Bhd
  99,200   255,460
 
Top Glove Corp. Bhd
  1,590,600   9,742,953
 
United Plantations Bhd
  77,000   253,957
 
Westports Holdings Bhd
  1,788,800   1,656,335
The Emerging Markets Series
CONTINUED
      Shares   Value»
MALAYSIA — (Continued)
 
Yinson Holdings Bhd
  765,800   $1,134,827
 
YTL Corp. Bhd
  12,905,299   2,378,078
#
YTL Power International Bhd
  1,177,997   196,329
TOTAL MALAYSIA
      138,733,943
MEXICO — (2.4%)
 
Alfa S.A.B. de C.V., Class A
  10,584,843   5,745,446
#
America Movil S.A.B. de C.V.
  39,307,613   24,815,635
 
America Movil S.A.B. de C.V., Sponsored ADR, Class L
  109,448   1,383,423
#
Arca Continental S.A.B. de C.V.
  583,514   2,927,665
#
Becle S.A.B. de C.V.
  662,086   1,352,732
 
Cemex S.A.B. de C.V.
  25,115,105   7,696,473
 
Coca-Cola Femsa S.A.B. de C.V., Sponsored ADR
  29,997   1,241,576
 
Coca-Cola Femsa S.A.B. de C.V.
  415,925   1,727,803
#
El Puerto de Liverpool S.A.B. de C.V.
  285,820   698,272
 
Fomento Economico Mexicano S.A.B. de C.V.
  1,044,437   6,429,471
#
Gruma S.A.B. de C.V., Class B
  555,226   6,509,030
 
Grupo Aeroportuario del Pacifico S.A.B. de C.V., ADR
  11,244   754,360
#
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B
  466,141   3,141,189
 
Grupo Aeroportuario del Sureste S.A.B. de C.V., ADR
  32,933   3,287,701
#
Grupo Bimbo S.A.B. de C.V., Class A
  2,911,304   5,264,025
#
Grupo Carso S.A.B. de C.V.
  793,269   1,568,359
 
Grupo Elektra S.A.B. de C.V.
  93,086   4,985,779
 
Grupo Financiero Banorte S.A.B. de C.V., Class O
  4,123,565   14,769,237
# *
Grupo Financiero Inbursa S.A.B. de C.V., Class O
  3,772,596   2,720,744
 
Grupo Mexico S.A.B. de C.V., Class B
  4,492,970   11,380,306
*
Grupo Qumma S.A. de C.V., Class B
  1,591   0
*
Grupo Televisa S.A.B., Sponsored ADR
  221,037   1,235,597
# *
Grupo Televisa S.A.B.
  3,855,546   4,324,171
#
Industrias Penoles S.A.B. de C.V.
  342,561   5,109,246
 
Infraestructura Energetica Nova S.A.B. de C.V.
  382,144   1,133,296
#
Kimberly-Clark de Mexico S.A.B. de C.V., Class A
  2,340,544   3,848,147
 
Megacable Holdings S.A.B. de C.V.
  235,468   704,447
 
Orbia Advance Corp. S.A.B. de C.V.
  3,444,833   5,462,510
 
Organizacion Soriana S.A.B. de C.V., Class B
  905,502   659,953
*
Promotora y Operadora de Infraestructura S.A.B. de C.V.
  299,377   2,194,579
#
Wal-Mart de Mexico S.A.B. de C.V.
  4,797,709   11,292,024
TOTAL MEXICO
      144,363,196
PERU — (0.1%)
 
Cementos Pacasmayo SAA, ADR
  15,158   123,540
#
Cia de Minas Buenaventura SAA, ADR
  125,122   1,483,947
 
Credicorp, Ltd.
  53,103   6,753,109
*
Grana y Montero SAA, Sponsored ADR
  91,004   212,949
TOTAL PERU
      8,573,545
PHILIPPINES — (1.0%)
 
Aboitiz Equity Ventures, Inc.
  1,487,570   1,463,241
 
Aboitiz Power Corp.
  1,440,600   753,629
*
Alliance Global Group, Inc.
  4,240,900   492,784
*
Altus Property Ventures, Inc.
  42,921   12,489
 
Ayala Corp.
  175,872   2,613,274
 
Ayala Land, Inc.
  8,733,718   5,923,020
 
Bank of the Philippine Islands
  1,309,282   1,818,188
 
BDO Unibank, Inc.
  1,553,962   2,778,997
 
Bloomberry Resorts Corp.
  590,500   76,205
 
DMCI Holdings, Inc.
  4,032,800   292,586
 
Emperador, Inc.
  1,979,300   366,539
The Emerging Markets Series
CONTINUED
      Shares   Value»
PHILIPPINES — (Continued)
 
Fwbc Holdings, Inc.
  2,006,957   $0
 
Globe Telecom, Inc.
  43,990   1,846,114
 
GT Capital Holdings, Inc.
  150,946   1,354,027
 
International Container Terminal Services, Inc.
  1,699,940   3,337,344
 
JG Summit Holdings, Inc.
  3,424,600   4,361,790
 
Jollibee Foods Corp.
  766,260   2,107,749
 
LT Group, Inc.
  4,036,300   618,467
 
Manila Electric Co.
  218,900   1,181,796
 
Megaworld Corp.
  22,411,000   1,371,195
 
Metro Pacific Investments Corp.
  12,417,700   791,570
 
Metropolitan Bank & Trust Co.
  2,147,218   1,499,648
#
PLDT, Inc., Sponsored ADR
  115,106   3,066,424
 
PLDT, Inc.
  120,010   3,250,022
 
Puregold Price Club, Inc.
  2,182,700   2,130,705
 
Robinsons Land Corp.
  3,219,282   1,011,388
 
Robinsons Retail Holdings, Inc.
  560,060   702,579
 
San Miguel Corp.
  1,458,460   2,944,461
 
San Miguel Food and Beverage, Inc.
  48,780   64,455
 
Security Bank Corp.
  383,590   720,379
 
SM Investments Corp.
  120,383   2,197,969
 
SM Prime Holdings, Inc.
  7,772,210   4,765,832
*
Top Frontier Investment Holdings, Inc.
  9,805   24,476
 
Universal Robina Corp.
  970,870   2,424,602
TOTAL PHILIPPINES
      58,363,944
POLAND — (0.9%)
*
AmRest Holdings SE
  72,397   376,669
 
Asseco Poland SA
  13,849   237,133
#
Bank Handlowy w Warszawie SA
  50,956   498,361
*
Bank Millennium SA
  679,523   519,781
*
Bank Polska Kasa Opieki SA
  80,250   1,082,980
*
CD Projekt SA
  46,198   4,957,017
 
Cyfrowy Polsat SA
  415,155   3,084,743
# *
Dino Polska SA
  64,201   3,554,243
#
Grupa Lotos SA
  262,646   3,393,554
*
ING Bank Slaski SA
  34,547   1,217,715
*
KGHM Polska Miedz SA
  245,145   8,253,011
*
LPP SA
  2,006   3,692,770
# *
mBank SA
  27,042   1,345,835
*
Orange Polska SA
  921,255   1,727,534
*
PGE Polska Grupa Energetyczna SA
  1,423,682   2,504,724
#
Polski Koncern Naftowy Orlen SA
  546,401   7,780,024
 
Polskie Gornictwo Naftowe i Gazownictwo SA
  1,110,257   1,513,985
# *
Powszechna Kasa Oszczednosci Bank Polski SA
  720,863   4,175,048
#
Powszechny Zaklad Ubezpieczen SA
  733,721   5,289,060
*
Santander Bank Polska SA
  28,970   1,162,045
TOTAL POLAND
      56,366,232
QATAR — (0.1%)
 
Industries Qatar QSC
  155,185   332,997
 
Masraf Al Rayan QSC
  1,002,013   1,088,160
 
Mesaieed Petrochemical Holding Co.
  655,452   373,499
 
Ooredoo QPSC
  228,359   422,922
 
Qatar Electricity & Water Co QSC
  201,174   938,416
 
Qatar Fuel QSC
  57,006   253,887
 
Qatar Gas Transport Co., Ltd.
  562,270   433,887
 
Qatar Islamic Bank SAQ
  179,075   793,258
The Emerging Markets Series
CONTINUED
      Shares   Value»
QATAR — (Continued)
 
Qatar National Bank QPSC
  753,745   $3,753,451
TOTAL QATAR
      8,390,477
RUSSIA — (1.3%)
 
Gazprom PJSC, Sponsored ADR
  1,532,757   7,409,539
 
Gazprom PJSC, Sponsored ADR
  482,460   2,364,054
 
Lukoil PJSC, Sponsored ADR
  192,751   13,075,334
 
Magnitogorsk Iron & Steel Works PJSC, GDR
  199,210   1,388,406
*
Mail.Ru Group, Ltd., GDR
  26,729   706,982
 
MMC Norilsk Nickel PJSC, ADR
  1,184   31,222
 
MMC Norilsk Nickel PJSC, ADR
  384,564   10,045,508
 
Mobile TeleSystems PJSC, Sponsored ADR
  433,757   3,843,087
 
Novatek PJSC, GDR
  16,461   2,398,322
 
Novolipetsk Steel PJSC, GDR
  106,412   2,060,951
 
Novolipetsk Steel PJSC, GDR
  1,038   20,283
 
PhosAgro PJSC, GDR
  83,207   983,270
 
PhosAgro PJSC, GDR
  2,148   25,389
 
Polyus PJSC, GDR
  18,709   2,142,180
 
Polyus PJSC, GDR
  1,468   167,856
 
Rosneft Oil Co. PJSC, GDR
  71,061   336,687
 
Rosneft Oil Co. PJSC, GDR
  700,727   3,323,789
 
Rostelecom PJSC, Sponsored ADR
  13,063   93,988
 
Rostelecom PJSC, Sponsored ADR
  78,867   566,594
 
RusHydro PJSC, ADR
  8,031   7,907
 
RusHydro PJSC, ADR
  1,081,757   1,081,354
 
Sberbank of Russia PJSC, Sponsored ADR
  998,144   11,844,279
 
Severstal PAO, GDR
  168,948   2,057,516
 
Severstal PAO, GDR
  2,996   36,581
*
Tatneft PJSC, Sponsored ADR
  137,960   6,140,527
*
Tatneft PJSC, Sponsored ADR
  11,886   532,493
 
VEON, Ltd., ADR
  312,837   528,695
 
VTB Bank PJSC, GDR
  1,358,280   1,332,712
 
VTB Bank PJSC, GDR
  1,104,344   1,093,301
 
X5 Retail Group NV, GDR
  114,794   4,311,663
TOTAL RUSSIA
      79,950,469
SAUDI ARABIA — (0.9%)
 
Abdullah Al Othaim Markets Co.
  28,824   920,707
 
Advanced Petrochemical Co.
  81,282   1,107,798
 
Al Rajhi Bank
  686,612   10,791,107
*
Alinma Bank
  910,416   3,542,245
 
Almarai Co. JSC
  107,806   1,540,526
 
Arab National Bank
  29,308   152,049
 
Bank AlBilad
  234,029   1,464,255
 
Bank Al-Jazira
  348,224   1,106,776
 
Banque Saudi Fransi
  37,504   299,773
 
Bupa Arabia for Cooperative Insurance Co.
  20,747   655,780
*
Co. for Cooperative Insurance (The)
  19,829   429,856
*
Dar Al Arkan Real Estate Development Co.
  84,873   164,042
*
Etihad Etisalat Co.
  532,671   3,836,155
 
Jarir Marketing Co.
  27,499   1,125,247
 
Mouwasat Medical Services Co.
  10,981   320,975
 
National Commercial Bank
  344,306   3,330,584
 
National Petrochemical Co.
  6,803   43,603
*
Rabigh Refining & Petrochemical Co.
  175,173   593,549
 
Riyad Bank
  201,448   909,911
 
Sahara International Petrochemical Co.
  248,905   959,775
 
Samba Financial Group
  242,211   1,668,392
The Emerging Markets Series
CONTINUED
      Shares   Value»
SAUDI ARABIA — (Continued)
 
Saudi Arabian Fertilizer Co.
  41,903   $872,731
*
Saudi Arabian Mining Co.
  70,070   680,637
 
Saudi Basic Industries Corp.
  250,875   5,937,659
 
Saudi British Bank (The)
  87,725   566,170
 
Saudi Electricity Co.
  222,526   926,906
 
Saudi Industrial Investment Group
  12,889   63,053
*
Saudi Investment Bank (The)
  9,546   33,837
*
Saudi Kayan Petrochemical Co.
  362,930   784,490
 
Saudi Telecom Co.
  162,415   4,227,507
 
Savola Group (The)
  180,508   2,231,317
 
Yanbu National Petrochemical Co.
  75,760   1,048,309
TOTAL SAUDI ARABIA
      52,335,721
SOUTH AFRICA — (4.9%)
 
Absa Group, Ltd.
  1,699,931   7,878,365
 
Anglo American Platinum, Ltd.
  76,702   5,887,888
 
AngloGold Ashanti, Ltd., Sponsored ADR
  674,048   21,697,605
*
Aspen Pharmacare Holdings, Ltd.
  725,979   5,616,375
 
Bid Corp., Ltd.
  370,728   6,114,685
#
Bidvest Group, Ltd. (The)
  983,621   7,592,714
 
Capitec Bank Holdings, Ltd.
  58,195   3,011,081
 
Clicks Group, Ltd.
  444,655   5,934,011
#
Discovery, Ltd.
  835,792   5,434,817
 
Exxaro Resources, Ltd.
  706,515   5,573,475
 
FirstRand, Ltd.
  4,580,060   10,431,360
 
Foschini Group, Ltd. (The)
  71,166   291,985
 
Gold Fields, Ltd.
  61,553   813,983
 
Gold Fields, Ltd., Sponsored ADR
  3,321,543   43,478,998
#
Impala Platinum Holdings, Ltd.
  1,398,536   12,484,760
 
Investec, Ltd.
  596,531   1,167,758
 
Kumba Iron Ore, Ltd.
  108,115   3,496,211
 
Liberty Holdings, Ltd.
  93,928   380,526
 
Life Healthcare Group Holdings, Ltd.
  2,525,140   2,576,820
 
Momentum Metropolitan Holdings
  30,118   29,303
 
Mr. Price Group, Ltd.
  439,100   3,247,290
 
MTN Group, Ltd.
  4,077,215   14,260,935
*
MultiChoice Group, Ltd.
  901,332   5,553,998
 
Naspers, Ltd., Class N
  236,845   43,094,238
 
Nedbank Group, Ltd.
  878,815   5,393,658
 
NEPI Rockcastle P.L.C.
  517,613   2,682,872
*
Ninety One, Ltd.
  298,265   867,297
# *
Northam Platinum, Ltd.
  582,202   4,595,674
 
Old Mutual, Ltd.
  7,858,201   5,276,708
 
Pepkor Holdings, Ltd.
  189,137   110,234
 
PSG Group, Ltd.
  289,732   2,592,186
 
Sanlam, Ltd.
  1,854,766   6,563,817
 
Santam, Ltd.
  2,843   44,057
*
Sasol, Ltd., Sponsored ADR
  742,393   5,961,416
#
Shoprite Holdings, Ltd.
  1,061,701   6,486,014
*
Sibanye Stillwater, Ltd.
  3,791,309   10,724,827
# *
Sibanye Stillwater, Ltd., ADR
  395,460   4,444,970
 
SPAR Group, Ltd. (The)
  263,652   2,540,024
 
Standard Bank Group, Ltd.
  2,025,494   12,881,971
# *
Steinhoff International Holdings NV
  3,896,458   228,674
 
Tiger Brands, Ltd.
  393,536   4,052,561
 
Vodacom Group, Ltd.
  888,759   6,669,095
 
Woolworths Holdings, Ltd.
  1,783,173   3,298,008
TOTAL SOUTH AFRICA
      301,463,244
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (13.3%)
# *
Alteogen, Inc.
  14,946   $2,396,909
 
Amorepacific Corp.
  20,758   2,900,856
 
AMOREPACIFIC Group
  19,744   884,353
 
BGF retail Co., Ltd.
  12,966   1,354,858
 
BNK Financial Group, Inc.
  356,190   1,539,539
 
Bukwang Pharmaceutical Co., Ltd.
  20,716   644,385
*
Celltrion Pharm, Inc.
  11,333   1,123,419
# *
Celltrion, Inc.
  67,643   16,862,771
 
Cheil Worldwide, Inc.
  121,186   1,956,070
 
CJ CheilJedang Corp.
  16,946   5,498,447
 
CJ Corp.
  56,308   3,898,513
 
CJ ENM Co., Ltd.
  23,451   2,271,140
*
CJ Logistics Corp.
  16,818   2,163,462
 
Com2uSCorp
  13,570   1,373,974
 
Coway Co., Ltd.
  59,427   3,831,051
 
Daelim Industrial Co., Ltd.
  64,004   4,501,900
*
Daewoo Engineering & Construction Co., Ltd.
  461,494   1,354,297
*
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
  71,856   1,431,606
 
Daewoong Pharmaceutical Co., Ltd.
  3,379   313,444
 
DB HiTek Co., Ltd.
  9,251   267,258
 
DB Insurance Co., Ltd.
  133,456   5,278,317
 
DGB Financial Group, Inc.
  38,336   166,122
 
Dongsuh Cos., Inc.
  32,900   596,883
 
Doosan Bobcat, Inc.
  84,634   1,916,856
*
Doosan Fuel Cell Co., Ltd.
  51,053   1,969,540
*
Doosan Heavy Industries & Construction Co., Ltd.
  378,754   3,340,544
# *
Doosan Infracore Co., Ltd.
  339,079   2,030,085
# *
Doosan Solus Co., Ltd.
  28,141   893,448
 
Douzone Bizon Co., Ltd.
  33,863   2,985,735
 
E-MART, Inc.
  31,648   3,030,009
 
Eo Technics Co., Ltd.
  2,883   269,736
 
F&F Co., Ltd.
  10,001   687,661
 
Fila Holdings Corp.
  112,043   3,151,463
*
Genexine Co., Ltd.
  11,354   1,176,535
 
Grand Korea Leisure Co., Ltd.
  12,776   136,911
#
Green Cross Corp.
  4,594   877,646
 
Green Cross Holdings Corp.
  7,354   163,561
 
GS Engineering & Construction Corp.
  164,377   3,727,268
 
GS Holdings Corp.
  189,684   5,582,611
 
GS Home Shopping, Inc.
  2,176   193,834
 
GS Retail Co., Ltd.
  78,136   2,255,104
 
Hana Financial Group, Inc.
  429,523   10,658,704
# *
Hanall Biopharma Co., Ltd.
  29,892   728,099
#
Hanjin Kal Corp.
  6,710   473,316
 
Hankook Tire & Technology Co., Ltd.
  186,539   4,084,954
 
Hanmi Pharm Co., Ltd.
  6,683   1,480,208
 
Hanmi Science Co., Ltd.
  10,825   384,217
 
Hanon Systems
  248,636   2,082,053
 
Hanssem Co., Ltd.
  11,203   959,986
*
Hanwha Aerospace Co., Ltd.
  50,714   1,038,417
 
Hanwha Corp.
  55,979   1,195,551
 
Hanwha Life Insurance Co., Ltd.
  434,367   535,154
 
Hanwha Solutions Corp.
  178,195   3,825,045
# *
Helixmith Co., Ltd.
  13,586   617,770
 
Hite Jinro Co., Ltd.
  39,010   1,364,512
# *
HLB, Inc.
  31,752   2,233,654
*
HMM Co., Ltd
  141,234   699,080
 
Hotel Shilla Co., Ltd.
  55,107   3,260,523
*
Hugel, Inc.
  5,757   759,828
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Hyosung Corp.
  11,509   $661,188
 
Hyundai Department Store Co., Ltd.
  16,926   849,208
 
Hyundai Elevator Co., Ltd.
  26,047   1,014,601
 
Hyundai Engineering & Construction Co., Ltd.
  129,985   3,754,753
 
Hyundai Glovis Co., Ltd.
  40,508   3,797,634
 
Hyundai Greenfood Co., Ltd.
  19,477   129,226
 
Hyundai Heavy Industries Holdings Co., Ltd.
  13,834   2,751,373
 
Hyundai Home Shopping Network Corp.
  3,380   172,022
 
Hyundai Marine & Fire Insurance Co., Ltd.
  236,365   4,626,122
 
Hyundai Mipo Dockyard Co., Ltd.
  38,423   1,009,402
 
Hyundai Mobis Co., Ltd.
  37,378   6,467,767
 
Hyundai Motor Co.
  90,166   9,617,170
*
Hyundai Rotem Co., Ltd.
  34,517   524,296
 
Hyundai Steel Co.
  135,445   2,828,814
 
Hyundai Wia Corp.
  15,500   495,950
 
Iljin Materials Co., Ltd.
  18,099   772,677
 
Industrial Bank of Korea
  489,000   3,336,699
 
Innocean Worldwide, Inc.
  3,469   145,532
#
Kakao Corp.
  19,955   5,789,252
 
Kangwon Land, Inc.
  98,581   1,892,585
 
KB Financial Group, Inc.
  221,779   6,563,600
 
KB Financial Group, Inc., ADR
  31,200   912,912
 
KCC Corp.
  6,967   787,558
*
KCC Glass Corp.
  1,840   49,678
 
KEPCO Plant Service & Engineering Co., Ltd.
  40,998   1,013,317
 
Kia Motors Corp.
  342,300   11,650,650
 
KIWOOM Securities Co., Ltd.
  30,408   2,455,720
# *
KMW Co., Ltd.
  45,444   2,725,673
 
Koh Young Technology, Inc.
  10,284   848,871
 
Kolon Industries, Inc.
  25,790   731,961
 
Korea Aerospace Industries, Ltd.
  37,044   747,242
*
Korea Electric Power Corp., Sponsored ADR
  93,784   734,329
*
Korea Electric Power Corp.
  108,108   1,734,383
 
Korea Gas Corp.
  41,078   875,905
 
Korea Investment Holdings Co., Ltd.
  100,674   4,123,611
*
Korea Shipbuilding & Offshore Engineering Co., Ltd.
  42,167   3,166,592
 
Korea Zinc Co., Ltd.
  12,663   4,403,276
*
Korean Air Lines Co., Ltd.
  309,870   4,539,378
 
Korean Reinsurance Co.
  47,885   286,718
#
KT Corp., Sponsored ADR
  82,100   809,506
 
KT&G Corp.
  100,714   6,835,852
 
Kumho Petrochemical Co., Ltd.
  46,773   3,326,812
*
Kumho Tire Co., Inc.
  58,292   141,569
 
LEENO Industrial, Inc.
  10,832   1,252,795
 
LG Chem, Ltd.
  29,305   14,032,394
 
LG Corp.
  114,555   7,113,560
# *
LG Display Co., Ltd., ADR
  615,841   3,270,116
# *
LG Display Co., Ltd.
  501,190   5,305,146
 
LG Electronics, Inc.
  320,927   19,083,837
 
LG Household & Health Care, Ltd.
  10,072   11,616,321
 
LG Innotek Co., Ltd.
  39,004   5,294,155
 
LG Uplus Corp.
  528,937   5,091,744
 
Lotte Chemical Corp.
  22,335   3,167,550
 
Lotte Chilsung Beverage Co., Ltd.
  2,395   203,485
 
Lotte Corp.
  45,451   1,186,862
 
LOTTE Fine Chemical Co., Ltd.
  31,347   1,152,980
#
Lotte Shopping Co., Ltd.
  16,661   1,092,123
 
LS Corp.
  22,542   795,569
 
LS Electric Co., Ltd.
  29,722   1,340,329
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Macquarie Korea Infrastructure Fund
  332,855   $3,160,167
 
Mando Corp.
  97,804   2,270,102
 
Medy-Tox, Inc.
  2,228   323,607
 
Meritz Financial Group, Inc.
  96,554   690,194
 
Meritz Fire & Marine Insurance Co., Ltd.
  189,338   1,974,176
 
Meritz Securities Co., Ltd.
  658,892   1,706,431
 
Mirae Asset Daewoo Co., Ltd.
  468,090   3,108,089
 
NAVER Corp.
  72,831   18,502,838
 
NCSoft Corp.
  10,480   7,141,029
*
Netmarble Corp.
  8,386   902,101
 
NH Investment & Securities Co., Ltd.
  231,584   1,709,845
*
NHN Corp.
  17,803   1,233,633
 
NongShim Co., Ltd.
  3,552   1,102,033
*
OCI Co., Ltd.
  24,570   1,160,529
 
Orion Corp.
  8,589   966,108
 
Orion Holdings Corp.
  48,232   504,260
 
Ottogi Corp.
  1,318   617,017
*
Pan Ocean Co., Ltd.
  431,074   1,275,983
 
Paradise Co., Ltd.
  63,797   702,821
*
Pearl Abyss Corp.
  11,442   1,812,333
 
POSCO, Sponsored ADR
  62,343   2,494,967
 
POSCO
  70,065   11,306,341
 
POSCO Chemical Co., Ltd.
  14,633   932,571
 
Posco International Corp.
  165,596   1,930,611
 
RFHIC Corp.
  2,493   76,452
 
S-1 Corp.
  27,240   2,069,276
*
Samsung Biologics Co., Ltd.
  6,438   3,969,400
 
Samsung C&T Corp.
  50,541   4,502,012
 
Samsung Card Co., Ltd.
  50,985   1,210,894
 
Samsung Electro-Mechanics Co., Ltd.
  66,506   7,867,759
 
Samsung Electronics Co., Ltd., GDR
  26,418   32,036,932
 
Samsung Electronics Co., Ltd.
  4,912,950   240,114,732
*
Samsung Engineering Co., Ltd.
  275,085   2,759,056
 
Samsung Fire & Marine Insurance Co., Ltd.
  55,004   7,917,265
*
Samsung Heavy Industries Co., Ltd.
  745,218   3,591,246
 
Samsung Life Insurance Co., Ltd.
  87,305   3,487,659
 
Samsung SDI Co., Ltd.
  18,807   6,296,235
 
Samsung SDS Co., Ltd.
  22,002   3,083,694
 
Samsung Securities Co., Ltd.
  102,128   2,486,403
#
Seegene, Inc.
  11,033   2,407,257
 
SFA Engineering Corp.
  31,691   939,187
 
Shinhan Financial Group Co., Ltd.
  354,020   8,883,516
#
Shinhan Financial Group Co., Ltd., ADR
  56,372   1,399,717
 
Shinsegae International, Inc.
  2,532   315,161
 
Shinsegae, Inc.
  18,532   3,260,720
 
SK Holdings Co., Ltd.
  28,479   5,308,401
 
SK Hynix, Inc.
  649,088   45,446,706
 
SK Innovation Co., Ltd.
  68,025   7,278,008
 
SK Materials Co., Ltd.
  9,016   1,857,953
 
SK Networks Co., Ltd.
  438,461   1,876,415
 
SK Telecom Co., Ltd.
  14,801   2,741,296
 
SKC Co., Ltd.
  25,685   1,511,894
 
S-Oil Corp.
  32,131   1,651,293
 
Soulbrain Holdings Co., Ltd.
  19,104   1,537,749
 
Ssangyong Cement Industrial Co., Ltd.
  189,600   805,504
 
Taekwang Industrial Co., Ltd.
  224   128,303
*
WONIK IPS Co., Ltd.
  25,087   812,130
 
Woori Financial Group, Inc.
  688,663   4,925,480
 
Young Poong Corp.
  273   119,437
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Youngone Corp.
  39,262   $796,433
 
Yuhan Corp.
  51,735   2,487,909
*
Yungjin Pharmaceutical Co., Ltd.
  41,594   228,940
TOTAL SOUTH KOREA
      810,195,752
TAIWAN — (15.9%)
 
Accton Technology Corp.
  589,000   4,614,217
 
Acer, Inc.
  4,562,811   3,152,091
 
Advantech Co., Ltd.
  314,190   3,306,597
 
Airtac International Group
  137,518   2,884,765
 
ASE Technology Holding Co., Ltd., ADR
  133,966   671,171
#
ASE Technology Holding Co., Ltd.
  7,079,782   18,138,199
 
Asia Cement Corp.
  4,335,758   5,910,298
 
Asustek Computer, Inc.
  844,180   6,226,137
*
AU Optronics Corp.
  13,538,873   4,612,086
 
Catcher Technology Co., Ltd.
  1,138,429   8,405,774
 
Cathay Financial Holding Co., Ltd.
  6,613,340   8,940,058
 
Chailease Holding Co., Ltd.
  2,634,811   11,026,675
 
Chang Hwa Commercial Bank, Ltd.
  8,727,413   5,657,732
 
Cheng Shin Rubber Industry Co., Ltd.
  3,306,965   3,836,008
 
Chicony Electronics Co., Ltd.
  1,182,497   3,502,491
*
China Airlines, Ltd.
  9,779,536   2,667,653
 
China Development Financial Holding Corp.
  17,532,121   5,171,074
 
China Life Insurance Co., Ltd.
  4,293,933   2,978,113
 
China Petrochemical Development Corp.
  2,673,300   738,161
 
China Steel Corp.
  19,804,932   13,398,178
 
Chipbond Technology Corp.
  1,246,000   2,543,777
 
Chroma ATE, Inc.
  549,000   3,085,077
#
Chunghwa Telecom Co., Ltd., Sponsored ADR
  167,892   6,191,857
 
Chunghwa Telecom Co., Ltd.
  1,462,000   5,463,688
 
Compal Electronics, Inc.
  9,684,541   6,150,709
 
CTBC Financial Holding Co., Ltd.
  16,844,175   11,154,937
 
Delta Electronics, Inc.
  1,676,486   11,459,554
 
E Ink Holdings, Inc.
  456,000   636,958
 
E.Sun Financial Holding Co., Ltd.
  17,382,049   16,083,709
#
Eclat Textile Co., Ltd.
  302,402   3,574,308
 
Eternal Materials Co., Ltd.
  808,591   854,456
 
Eva Airways Corp.
  8,294,758   3,075,632
*
Evergreen Marine Corp. Taiwan, Ltd.
  5,774,222   2,167,371
 
Far Eastern International Bank
  412,653   154,954
 
Far Eastern New Century Corp.
  5,649,085   4,939,964
 
Far EasTone Telecommunications Co., Ltd.
  3,371,000   7,262,749
 
Feng TAY Enterprise Co., Ltd.
  405,466   2,428,576
 
First Financial Holding Co., Ltd.
  11,521,297   9,284,387
#
Formosa Chemicals & Fibre Corp.
  2,375,518   5,465,277
 
Formosa Petrochemical Corp.
  634,000   1,767,090
 
Formosa Plastics Corp.
  2,134,153   5,715,693
 
Formosa Sumco Technology Corp.
  156,000   691,533
 
Formosa Taffeta Co., Ltd.
  1,357,000   1,399,631
 
Foxconn Technology Co., Ltd.
  1,456,627   2,698,612
 
Fubon Financial Holding Co., Ltd.
  6,213,233   8,848,799
#
General Interface Solution Holding, Ltd.
  378,000   1,775,709
 
Genius Electronic Optical Co., Ltd.
  119,695   2,768,140
 
Giant Manufacturing Co., Ltd.
  462,506   4,870,250
#
Globalwafers Co., Ltd.
  293,000   4,194,223
 
Highwealth Construction Corp.
  1,156,856   1,689,827
 
Hiwin Technologies Corp.
  373,205   3,936,024
 
Hon Hai Precision Industry Co., Ltd.
  7,717,322   20,625,529
 
Hotai Motor Co., Ltd.
  272,000   6,220,888
The Emerging Markets Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
 
Hua Nan Financial Holdings Co., Ltd.
  10,096,308   $6,924,610
 
Innolux Corp.
  13,005,241   3,683,440
 
Inventec Corp.
  5,188,550   4,419,146
#
ITEQ Corp.
  142,455   650,474
 
King's Town Bank Co., Ltd.
  642,000   786,430
#
Largan Precision Co., Ltd.
  69,860   9,115,924
 
Lien Hwa Industrial Holdings Corp.
  87,780   140,651
 
Lite-On Technology Corp.
  4,435,410   7,503,779
#
Macronix International
  3,915,074   4,230,491
 
MediaTek, Inc.
  778,995   18,600,884
 
Mega Financial Holding Co., Ltd.
  6,435,369   7,104,350
 
Merida Industry Co., Ltd.
  184,287   1,700,418
#
Micro-Star International Co., Ltd.
  1,429,000   6,357,323
 
momo.com, Inc.
  33,000   732,425
 
Nan Ya Plastics Corp.
  2,955,599   6,163,356
 
Nanya Technology Corp.
  2,092,010   4,328,999
 
Nien Made Enterprise Co., Ltd.
  368,000   4,040,489
 
Novatek Microelectronics Corp.
  656,000   6,502,832
 
Parade Technologies, Ltd.
  86,000   3,743,544
 
Pegatron Corp.
  3,664,345   7,687,256
#
Phison Electronics Corp.
  298,000   2,989,782
#
Pou Chen Corp.
  5,223,487   4,735,541
#
Powertech Technology, Inc.
  2,453,819   8,197,393
 
Poya International Co., Ltd.
  55,275   1,160,700
 
President Chain Store Corp.
  659,831   6,302,794
 
Qisda Corp.
  2,157,000   1,231,497
 
Quanta Computer, Inc.
  3,969,000   11,089,264
 
Radiant Opto-Electronics Corp.
  865,000   3,698,226
 
Realtek Semiconductor Corp.
  282,950   3,609,925
 
Ruentex Development Co., Ltd.
  428,230   742,345
 
Ruentex Industries, Ltd.
  220,109   482,114
*
Shin Kong Financial Holding Co., Ltd.
  17,542,761   5,097,914
 
Silergy Corp.
  45,000   2,699,573
#
Simplo Technology Co., Ltd.
  338,000   3,756,860
 
Sino-American Silicon Products, Inc.
  1,508,000   5,034,352
 
SinoPac Financial Holdings Co., Ltd.
  14,729,623   5,354,315
 
Standard Foods Corp.
  839,418   1,756,093
 
Synnex Technology International Corp.
  2,227,343   3,327,003
 
TA Chen Stainless Pipe
  1,381,080   1,097,841
 
Taichung Commercial Bank Co., Ltd.
  1,425,688   569,417
 
Taishin Financial Holding Co., Ltd.
  16,215,307   7,389,900
 
Taiwan Business Bank
  9,559,685   3,297,730
#
Taiwan Cement Corp.
  8,666,565   13,311,938
 
Taiwan Cooperative Financial Holding Co., Ltd.
  11,218,570   8,193,946
 
Taiwan FamilyMart Co., Ltd.
  73,000   640,751
 
Taiwan Fertilizer Co., Ltd.
  592,000   1,128,586
*
Taiwan Glass Industry Corp.
  876,374   302,415
 
Taiwan High Speed Rail Corp.
  1,727,000   1,966,095
 
Taiwan Mobile Co., Ltd.
  1,870,300   6,701,446
 
Taiwan Secom Co., Ltd.
  432,670   1,270,245
 
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR
  655,168   51,686,204
 
Taiwan Semiconductor Manufacturing Co., Ltd.
  21,917,808   318,982,955
# *
Tatung Co., Ltd.
  2,514,000   1,371,487
 
Teco Electric and Machinery Co., Ltd.
  2,927,000   2,720,581
 
Tripod Technology Corp.
  893,870   3,880,164
 
Unimicron Technology Corp.
  2,616,000   5,746,982
 
Uni-President Enterprises Corp.
  5,022,033   12,257,040
 
United Microelectronics Corp.
  21,583,000   16,366,276
 
Vanguard International Semiconductor Corp.
  946,000   3,066,274
The Emerging Markets Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
 
Voltronic Power Technology Corp.
  102,117   $3,111,200
 
Walsin Lihwa Corp.
  3,419,000   1,672,735
#
Walsin Technology Corp.
  666,000   3,990,193
 
Wan Hai Lines, Ltd.
  1,362,800   810,039
 
Win Semiconductors Corp.
  338,034   3,645,255
#
Winbond Electronics Corp.
  7,437,407   3,327,674
*
Wintek Corp.
  604,760   7,083
 
Wistron Corp.
  6,380,699   7,476,211
 
WPG Holdings, Ltd.
  3,636,039   4,946,195
#
Yageo Corp.
  303,682   4,032,503
 
Yuanta Financial Holding Co., Ltd.
  12,875,806   7,922,209
 
Zhen Ding Technology Holding, Ltd.
  1,020,700   4,705,526
TOTAL TAIWAN
      968,294,974
THAILAND — (2.4%)
 
Advanced Info Service PCL
  1,334,200   7,915,562
 
Airports of Thailand PCL
  3,312,200   5,470,321
 
B Grimm Power PCL
  755,900   1,187,817
 
Bangkok Bank PCL
  207,800   663,067
 
Bangkok Bank PCL
  349,700   1,115,855
 
Bangkok Dusit Medical Services PCL, Class F
  8,356,100   5,922,226
 
Bangkok Expressway & Metro PCL
  10,921,599   3,099,692
 
Banpu PCL
  3,898,950   693,952
 
Banpu Power PCL
  476,900   230,937
 
Berli Jucker PCL
  1,771,800   2,102,352
 
BTS Group Holdings PCL
  4,387,200   1,477,290
 
Bumrungrad Hospital PCL
  811,000   2,977,936
 
Carabao Group PCL, Class F
  589,400   2,296,548
 
Central Pattana PCL
  1,713,700   2,651,680
*
Central Retail Corp. PCL
  293,550   277,711
 
Charoen Pokphand Foods PCL
  5,521,900   5,976,561
*
CP ALL PCL
  5,689,600   12,452,985
 
Delta Electronics Thailand PCL
  195,100   710,137
 
Electricity Generating PCL
  179,300   1,362,755
 
Energy Absolute PCL
  1,456,600   2,207,147
 
Global Power Synergy PCL, Class F
  398,000   874,305
 
Home Product Center PCL
  6,546,913   3,275,294
 
Indorama Ventures PCL
  3,190,300   2,557,765
 
Intouch Holdings PCL
  736,586   1,340,536
 
Intouch Holdings PCL, Class F
  625,800   1,138,913
 
IRPC PCL
  18,470,900   1,504,565
 
Jasmine International PCL
  6,039,600   666,278
 
Kasikornbank PCL
  990,400   2,588,554
 
Kasikornbank PCL
  164,300   426,787
 
Kiatnakin Bank PCL
  578,100   718,396
 
Krung Thai Bank PCL
  4,446,087   1,404,440
 
Krungthai Card PCL
  1,730,600   1,706,597
 
Land & Houses PCL
  7,526,900   1,786,228
 
Land & Houses PCL
  1,091,740   259,084
*
Minor International PCL
  5,987,483   3,494,659
 
MK Restaurants Group PCL
  686,600   1,084,424
*
Muangthai Capital PCL
  1,364,300   2,187,605
 
Osotspa PCL
  575,200   783,965
 
PTT Exploration & Production PCL
  1,864,655   5,441,629
 
PTT Global Chemical PCL
  2,783,572   4,195,555
 
PTT PCL
  10,403,200   13,011,298
 
Ratch Group PCL
  934,400   1,790,440
 
Siam Cement PCL (The)
  370,900   4,543,696
 
Siam Cement PCL (The)
  135,100   1,655,037
The Emerging Markets Series
CONTINUED
      Shares   Value»
THAILAND — (Continued)
 
Siam City Cement PCL
  116,367   $563,503
 
Siam Commercial Bank PCL (The)
  769,066   1,652,447
 
Siam Global House PCL
  3,724,755   2,269,553
*
Srisawad Corp. PCL
  1,823,672   2,807,224
 
Thai Oil PCL
  1,802,900   2,428,343
 
Thai Union Group PCL, Class F
  7,198,340   3,093,330
 
Thanachart Capital PCL
  518,300   577,597
 
Tisco Financial Group PCL
  541,000   1,127,716
 
TMB Bank PCL
  36,078,867   1,099,172
 
TOA Paint Thailand PCL
  1,010,000   1,255,111
 
Total Access Communication PCL
  1,066,300   1,256,683
 
Total Access Communication PCL
  894,200   1,053,855
 
True Corp. PCL
  37,442,231   4,034,503
 
TTW PCL
  1,909,600   820,609
 
VGI PCL
  2,350,500   497,500
 
WHA Corp. PCL
  7,675,800   792,627
TOTAL THAILAND
      144,558,354
TURKEY — (0.6%)
*
Akbank T.A.S.
  1,694,509   1,274,578
 
Anadolu Efes Biracilik Ve Malt Sanayii A.S.
  250,784   694,675
# *
Arcelik A.S.
  371,451   1,230,354
 
Aselsan Elektronik Sanayi Ve Ticaret A.S.
  318,807   1,606,213
#
BIM Birlesik Magazalar A.S.
  520,367   5,312,614
 
Coca-Cola Icecek A.S.
  212,511   1,366,753
 
Enerjisa Enerji A.S.
  246,453   292,093
 
Enka Insaat ve Sanayi A.S.
  958,324   894,316
 
Eregli Demir ve Celik Fabrikalari TAS
  2,381,527   2,601,252
 
Ford Otomotiv Sanayi A.S.
  89,668   1,062,427
 
KOC Holding A.S.
  319,003   739,355
# *
Koza Altin Isletmeleri A.S.
  67,645   839,326
# *
Petkim Petrokimya Holding A.S.
  1,890,900   1,058,419
 
Soda Sanayii A.S.
  167,425   156,704
 
TAV Havalimanlari Holding A.S.
  298,412   711,646
 
Tofas Turk Otomobil Fabrikasi A.S.
  246,939   898,450
# *
Tupras Turkiye Petrol Rafinerileri A.S.
  80,901   958,720
# *
Turk Hava Yollari AO
  1,606,643   2,441,754
 
Turk Telekomunikasyon A.S.
  562,814   583,829
 
Turkcell Iletisim Hizmetleri A.S.
  1,361,640   2,890,356
# *
Turkiye Garanti Bankasi A.S.
  1,991,110   2,001,434
# *
Turkiye Halk Bankasi A.S.
  769,867   609,789
# *
Turkiye Is Bankasi A.S., Class C
  2,034,740   1,400,622
#
Turkiye Sise ve Cam Fabrikalari A.S.
  1,129,977   933,625
# *
Turkiye Vakiflar Bankasi TAO, Class D
  1,370,696   887,714
*
Ulker Biskuvi Sanayi A.S.
  220,913   821,644
# *
Yapi ve Kredi Bankasi A.S.
  3,249,838   996,965
TOTAL TURKEY
      35,265,627
UNITED ARAB EMIRATES — (0.1%)
 
Abu Dhabi Commercial Bank PJSC
  557,999   771,484
 
Abu Dhabi Islamic Bank PJSC
  715,150   725,412
 
Aldar Properties PJSC
  1,180,033   560,666
 
Dubai Financial Market PJSC
  29,134   6,420
 
Dubai Islamic Bank PJSC
  1,457,900   1,490,138
 
Emirates Telecommunications Group Co. PJSC
  423,140   1,913,216
 
First Abu Dhabi Bank PJSC
  584,771   1,773,279
The Emerging Markets Series
CONTINUED
      Shares   Value»
UNITED ARAB EMIRATES — (Continued)
*
International Holdings Co. PJSC
  23,685   $213,232
TOTAL UNITED ARAB EMIRATES
      7,453,847
TOTAL COMMON STOCKS
      5,942,812,188
PREFERRED STOCKS — (1.0%)
BRAZIL — (1.0%)
 
Alpargatas SA
  122,900   741,186
 
Banco Bradesco SA
  2,283,454   9,822,720
 
Braskem SA, Class A
  88,139   385,230
 
Centrais Eletricas Brasileiras SA, Class B
  150,746   1,111,114
 
Cia de Transmissao de Energia Eletrica Paulista
  122,300   528,442
 
Cia Energetica de Minas Gerais
  1,004,030   2,309,642
 
Cia Paranaense de Energia
  86,999   1,107,052
 
Gerdau SA
  1,560,921   5,221,472
 
Itau Unibanco Holding SA
  2,862,200   14,753,919
 
Lojas Americanas SA
  651,281   4,257,350
 
Petroleo Brasileiro SA
  3,525,848   15,004,903
 
Telefonica Brasil SA
  282,462   2,850,854
TOTAL BRAZIL
      58,093,884
CHILE — (0.0%)
 
Embotelladora Andina SA, Class B
  430,906   1,081,448
COLOMBIA — (0.0%)
 
Banco Davivienda SA
  120,239   888,989
 
Grupo Argos SA
  41,546   86,142
 
Grupo Aval Acciones y Valores SA
  3,126,389   728,625
 
Grupo de Inversiones Suramericana SA
  129,106   564,428
TOTAL COLOMBIA
      2,268,184
SOUTH KOREA — (0.0%)
 
AMOREPACIFIC Group
  1,205   34,624
 
CJ Corp.
  4,616   222,049
TOTAL SOUTH KOREA
      256,673
TOTAL PREFERRED STOCKS
      61,700,189
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*
B2W Cia Digital. Rights 08/25/20
  8,962   12,026
*
IRB Brasil Resseguros SA 08/12/20
  156,267   29,956
TOTAL BRAZIL
      41,982
CHINA — (0.0%)
*
China Merchants Securities Co., Ltd. Rights 08/11/20
  123,660   18,668
*
Legend Holdings Corp. Rights 05/23/19
  25,976   0
TOTAL CHINA
      18,668
INDIA — (0.0%)
*
Mahindra & Mahindra Financial Services, Ltd. Rights 08/11/20
  699,743   685,128
The Emerging Markets Series
CONTINUED
      Shares   Value»
 
SOUTH AFRICA — (0.0%)
*
Foschini Group, Ltd. (The) Rights 08/07/20
  28,466   $45,629
TOTAL RIGHTS/WARRANTS
      791,407
TOTAL INVESTMENT SECURITIES

(Cost $4,159,893,626)
      6,005,303,784
    
        Value†
SECURITIES LENDING COLLATERAL — (1.7%)
@ §
The DFA Short Term Investment Fund
  8,867,693 102,608,073
TOTAL INVESTMENTS — (100.0%)  
(Cost $4,262,478,528)^^
    $6,107,911,857
    
ADR American Depositary Receipt
CP Certificate Participation
GDR Global Depositary Receipt
P.L.C. Public Limited Company
SA Special Assessment
    
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
# Total or Partial Securities on Loan.
* Non-Income Producing Securities.
† See Security Valuation Note within the Notes to Schedules of Investments.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
As of July 31, 2020, The Emerging Markets Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
MSCI Emerging Markets Index
  600   09/18/20   $29,129,477   $32,079,000   $2,949,523
S&P 500® Emini Index
  66   09/18/20   10,474,979   10,769,550   294,571
Total Futures Contracts
          $39,604,456   $42,848,550   $3,244,094
Summary of the Series' investments as of July 31, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Brazil
$286,498,217   —   —   $286,498,217
Chile
44,336,030   —   —   44,336,030
China
492,410,941   $1,463,334,559   —   1,955,745,500
Colombia
13,935,333   —   —   13,935,333
Czech Republic
—   5,316,258   —   5,316,258
Egypt
2,969   5,679,520   —   5,682,489
Greece
—   15,020,544   —   15,020,544
Hungary
—   20,656,457   —   20,656,457
India
36,718,427   626,409,999   —   663,128,426
Indonesia
2,040,007   116,143,602   —   118,183,609
Malaysia
—   138,733,943   —   138,733,943
Mexico
144,363,196   —   —   144,363,196
Peru
8,573,545   —   —   8,573,545
Philippines
3,078,913   55,285,031   —   58,363,944
The Emerging Markets Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Poland
—   $56,366,232   —   $56,366,232
Qatar
—   8,390,477   —   8,390,477
Russia
$16,074,512   63,875,957   —   79,950,469
Saudi Arabia
—   52,335,721   —   52,335,721
South Africa
75,582,989   225,880,255   —   301,463,244
South Korea
9,621,547   800,574,205   —   810,195,752
Taiwan
58,549,232   909,745,742   —   968,294,974
Thailand
144,558,354   —   —   144,558,354
Turkey
—   35,265,627   —   35,265,627
United Arab Emirates
—   7,453,847   —   7,453,847
Preferred Stocks              
Brazil
58,093,884   —   —   58,093,884
Chile
1,081,448   —   —   1,081,448
Colombia
2,268,184   —   —   2,268,184
South Korea
—   256,673   —   256,673
Rights/Warrants              
Brazil
—   41,982   —   41,982
China
—   18,668   —   18,668
India
—   685,128   —   685,128
South Africa
—   45,629   —   45,629
Securities Lending Collateral
—   102,608,073   —   102,608,073
Futures Contracts**
3,244,094   —   —   3,244,094
TOTAL
$1,401,031,822   $4,710,124,129   —   $6,111,155,951
** Valued at the unrealized appreciation/(depreciation) on the investment.
The Tax-Managed U.S. Marketwide Value Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
    
      Shares   Value†
COMMON STOCKS — (97.9%)
COMMUNICATION SERVICES — (15.6%)
 
Activision Blizzard, Inc.
  496,359   $41,014,144
# *
AMC Networks, Inc., Class A
  6,800   157,080
 
AT&T, Inc.
  7,109,251   210,291,645
 
ATN International, Inc.
  684   39,419
#
Beasley Broadcast Group, Inc., Class A
  9,471   16,764
# *
Cars.com, Inc.
  39,542   321,081
#
CenturyLink, Inc.
  539,862   5,209,668
*
Charter Communications, Inc., Class A
  339,394   196,848,520
 
Cinemark Holdings, Inc.
  44,247   523,442
 
Comcast Corp., Class A
  6,410,970   274,389,516
*
Consolidated Communications Holdings, Inc.
  10,700   78,110
# *
Discovery, Inc., Class B
  3,183   112,296
*
Discovery, Inc., Class C
  136,284   2,582,582
*
DISH Network Corp., Class A
  83,975   2,696,437
 
Entravision Communications Corp., Class A
  38,094   50,284
 
EW Scripps Co. (The), Class A
  81,265   924,796
 
Fox Corp., Class A
  211,170   5,441,851
*
Fox Corp., Class B
  104,154   2,684,049
#
Gannett Co., Inc.
  53,152   78,665
*
GCI Liberty, Inc., Class A
  123,145   9,653,337
*
GCI Liberty, Inc., Class B
  1,686   137,240
*
Gray Television, Inc.
  54,374   779,723
*
Hemisphere Media Group, Inc.
  18,877   166,118
*
IAC/InterActiveCorp
  23,037   3,050,559
# *
IMAX Corp.
  18,300   206,607
 
Interpublic Group of Cos., Inc. (The)
  30,820   556,301
# *
Iridium Communications, Inc.
  51,500   1,410,585
 
John Wiley & Sons, Inc., Class A
  28,891   977,382
*
Liberty Broadband Corp.
  1,905   265,986
*
Liberty Broadband Corp., Class A
  24,095   3,253,066
*
Liberty Broadband Corp., Class C
  67,601   9,279,589
*
Liberty Latin America, Ltd., Class A
  4,700   48,316
*
Liberty Latin America, Ltd., Class C
  2,660   27,212
# *
Liberty Media Corp.-Liberty Braves, Class A
  7,613   143,962
*
Liberty Media Corp.-Liberty Braves, Class B
  762   14,173
*
Liberty Media Corp.-Liberty Braves, Class C
  16,901   315,204
# *
Liberty Media Corp.-Liberty Formula One, Class A
  17,043   563,953
*
Liberty Media Corp.-Liberty Formula One, Class C
  44,409   1,573,855
*
Liberty Media Corp.-Liberty SiriusXM, Class A
  96,383   3,353,165
# *
Liberty Media Corp.-Liberty SiriusXM, Class B
  4,953   182,964
*
Liberty Media Corp.-Liberty SiriusXM, Class C
  208,025   7,278,795
*
Lions Gate Entertainment Corp., Class B
  1   7
*
Madison Square Garden Entertainment Corp.
  9,852   698,113
 
Marcus Corp. (The)
  20,599   284,472
*
Match Group, Inc.
  49,723   5,106,552
# *
Meet Group, Inc. (The)
  83,800   522,074
#
Meredith Corp.
  44,176   634,367
# *
MSG Networks, Inc., Class A
  29,558   281,688
 
News Corp., Class A
  402,247   5,116,582
 
News Corp., Class B
  99,903   1,274,762
 
Nexstar Media Group, Inc., Class A
  51,781   4,538,605
# *
ORBCOMM, Inc.
  45,543   191,736
*
Reading International, Inc., Class A
  8,800   38,368
 
Saga Communications, Inc., Class A
  8,693   203,242
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
COMMUNICATION SERVICES — (Continued)
 
Scholastic Corp.
  31,200   $746,616
#
Spok Holdings, Inc.
  9,322   93,406
 
TEGNA, Inc.
  184,139   2,169,157
 
Telephone and Data Systems, Inc.
  90,571   1,758,889
*
T-Mobile US, Inc.
  282,437   30,328,085
#
Tribune Publishing Co.
  900   8,775
 
TripAdvisor, Inc.
  17,950   363,128
# *
United States Cellular Corp.
  12,191   361,707
#
ViacomCBS, Inc., Class A
  14,300   396,682
# *
Vonage Holdings Corp.
  85,934   1,026,911
 
Walt Disney Co. (The)
  498,715   58,319,732
*
Zillow Group, Inc., Class A
  26,410   1,798,257
# *
Zillow Group, Inc., Class C
  65,484   4,478,451
*
Zynga, Inc., Class A
  640,800   6,299,064
TOTAL COMMUNICATION SERVICES
      913,737,869
CONSUMER DISCRETIONARY — (6.1%)
# *
1-800-Flowers.com, Inc., Class A
  44,330   1,252,323
 
Aaron's, Inc.
  58,430   3,048,877
 
Acushnet Holdings Corp.
  2,067   78,649
*
Adtalem Global Education, Inc.
  59,964   2,059,164
 
Advance Auto Parts, Inc.
  20,070   3,013,310
# *
American Axle & Manufacturing Holdings, Inc.
  91,765   647,861
#
American Eagle Outfitters, Inc.
  173,750   1,737,500
 
Aramark
  220,783   4,662,937
# *
Asbury Automotive Group, Inc.
  6,182   619,127
#
Autoliv, Inc.
  53,413   3,473,447
*
AutoNation, Inc.
  58,352   2,995,792
*
Barnes & Noble Education, Inc.
  20,210   42,845
 
Bassett Furniture Industries, Inc.
  2,900   25,433
*
Beazer Homes USA, Inc.
  4,326   48,408
 
Best Buy Co., Inc.
  15,363   1,530,001
#
Big 5 Sporting Goods Corp.
  10,801   60,486
*
Biglari Holdings, Inc., Class B
  8   519
#
BJ's Restaurants, Inc.
  20,458   410,387
# *
Boot Barn Holdings, Inc.
  32,500   629,200
 
BorgWarner, Inc.
  203,984   7,465,814
 
Brunswick Corp.
  63,040   4,222,419
# *
Build-A-Bear Workshop, Inc.
  25,874   61,063
#
Caleres, Inc.
  74,697   471,338
#
Callaway Golf Co.
  108,543   2,067,744
 
Canterbury Park Holding Corp.
  2,755   29,093
# *
Capri Holdings, Ltd.
  129,788   1,944,224
#
Carnival Corp.
  489,649   6,796,328
#
Carriage Services, Inc.
  20,916   462,453
# *
Carrols Restaurant Group, Inc.
  35,900   220,426
*
Cavco Industries, Inc.
  7,600   1,522,508
*
Century Communities, Inc.
  14,709   523,935
#
Chico's FAS, Inc.
  32,500   41,275
# *
Chuy's Holdings, Inc.
  16,443   261,608
 
Citi Trends, Inc.
  5,815   100,134
#
Columbia Sportswear Co.
  1,785   135,374
# *
Conn's, Inc.
  25,450   253,482
 
Cooper Tire & Rubber Co.
  55,558   1,725,631
 
Core-Mark Holding Co., Inc.
  96,236   2,552,179
 
Culp, Inc.
  10,036   111,400
 
Dana, Inc.
  112,665   1,287,761
*
Deckers Outdoor Corp.
  9,229   1,931,168
*
Delta Apparel, Inc.
  7,532   106,051
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
CONSUMER DISCRETIONARY — (Continued)
#
Designer Brands, Inc., Class A
  26,321   $155,557
#
Dick's Sporting Goods, Inc.
  83,076   3,789,927
#
Dillard's, Inc., Class A
  75,900   1,787,445
*
Dorman Products, Inc.
  9,311   761,174
 
DR Horton, Inc.
  225,681   14,931,055
#
Educational Development Corp.
  3,358   44,796
# *
El Pollo Loco Holdings, Inc.
  4,415   87,240
 
Escalade, Inc.
  277   4,252
#
Ethan Allen Interiors, Inc.
  23,817   281,993
#
Expedia Group, Inc.
  30,369   2,460,193
 
Extended Stay America, Inc.
  90,395   1,031,407
# *
Fiesta Restaurant Group, Inc.
  10,900   70,632
*
Flanigan's Enterprises, Inc.
  865   13,636
 
Flexsteel Industries, Inc.
  2,068   32,612
 
Foot Locker, Inc.
  102,986   3,026,759
 
Ford Motor Co.
  2,868,969   18,963,885
# *
Fossil Group, Inc.
  600   1,986
# *
GameStop Corp., Class A
  53,372   214,022
 
General Motors Co.
  1,095,598   27,269,434
# *
Genesco, Inc.
  6,456   100,391
 
Gentex Corp.
  145,810   3,935,412
*
Gentherm, Inc.
  37,081   1,437,630
# *
G-III Apparel Group, Ltd.
  31,225   308,815
#
Goodyear Tire & Rubber Co. (The)
  267,257   2,407,986
 
Graham Holdings Co., Class B
  5,780   2,302,579
*
Green Brick Partners, Inc.
  2,594   35,797
#
Group 1 Automotive, Inc.
  57,936   4,867,783
#
Guess?, Inc.
  59,800   618,332
#
Hamilton Beach Brands Holding Co., Class A
  10,413   158,278
#
Harley-Davidson, Inc.
  3,372   87,773
#
Haverty Furniture Cos., Inc.
  33,479   476,071
*
Helen of Troy, Ltd.
  61,653   11,606,177
# *
Hibbett Sports, Inc.
  20,800   482,352
 
Hooker Furniture Corp.
  14,814   317,020
#
Hyatt Hotels Corp., Class A
  14,601   700,848
#
International Game Technology P.L.C.
  7,100   70,006
*
J Alexander's Holdings, Inc.
  2,666   10,717
 
Johnson Outdoors, Inc., Class A
  15,588   1,364,885
*
K12, Inc.
  3,100   141,949
 
KB Home
  30,800   1,036,112
 
Kohl's Corp.
  144,069   2,743,074
*
Lakeland Industries, Inc.
  9,887   233,926
*
Laureate Education, Inc., Class A
  17,544   222,458
 
La-Z-Boy, Inc.
  56,332   1,603,209
 
LCI Industries
  10,111   1,271,964
 
Lear Corp.
  51,273   5,659,514
 
Lennar Corp., Class A
  224,100   16,213,635
 
Lennar Corp., Class B
  12,506   673,698
 
Lifetime Brands, Inc.
  16,431   115,839
#
Lithia Motors, Inc., Class A
  34,933   8,004,897
*
LKQ Corp.
  208,413   5,875,162
*
M/I Homes, Inc.
  37,930   1,579,026
#
Macy's, Inc.
  62,400   378,144
# *
MarineMax, Inc.
  29,164   809,009
 
Marriott Vacations Worldwide Corp.
  11,331   959,282
»
Media General, Inc.
  25,196   2,363
# *
Meritage Homes Corp.
  28,156   2,792,512
#
MGM Resorts International
  227,871   3,666,444
*
Modine Manufacturing Co.
  14,650   79,696
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
CONSUMER DISCRETIONARY — (Continued)
*
Mohawk Industries, Inc.
  98,740   $7,884,389
*
Monarch Casino & Resort, Inc.
  1,103   39,918
#
Monro, Inc.
  3,100   174,530
# *
Motorcar Parts of America, Inc.
  17,638   293,585
#
Movado Group, Inc.
  21,998   212,061
*
Murphy USA, Inc.
  34,678   4,591,714
 
Newell Brands, Inc.
  126,940   2,081,816
*
Norwegian Cruise Line Holdings, Ltd.
  80,215   1,094,133
#
ODP Corp. (The)
  54,901   1,211,665
#
Oxford Industries, Inc.
  11,400   489,516
#
Penske Automotive Group, Inc.
  43,845   1,965,133
*
Perdoceo Education Corp.
  78,974   1,137,226
 
PulteGroup, Inc.
  275,833   12,026,319
 
PVH Corp.
  31,964   1,555,368
*
Qurate Retail, Inc., Class A
  620,725   6,772,110
 
Ralph Lauren Corp.
  36,864   2,628,403
#
RCI Hospitality Holdings, Inc.
  12,026   145,274
# *
Red Robin Gourmet Burgers, Inc.
  31,175   272,470
 
Rocky Brands, Inc.
  8,729   198,585
#
Royal Caribbean Cruises, Ltd.
  322,500   15,708,975
# *
Shiloh Industries, Inc.
  6,712   9,531
 
Shoe Carnival, Inc.
  32,650   801,558
# *
Skechers U.S.A., Inc., Class A
  146,140   4,278,979
# *
Smith & Wesson Brands, Inc.
  64,307   1,536,294
#
Sonic Automotive, Inc., Class A
  22,800   869,136
*
Sportsman's Warehouse Holdings, Inc.
  21,200   341,108
*
Stamps.com, Inc.
  15,800   4,112,424
 
Standard Motor Products, Inc.
  37,342   1,698,314
 
Steven Madden, Ltd.
  35,225   746,066
# *
Stoneridge, Inc.
  25,661   531,696
 
Strategic Education, Inc.
  123   15,524
 
Strattec Security Corp.
  5,224   112,891
 
Superior Group of Cos, Inc.
  17,956   345,653
#
Superior Industries International, Inc.
  3,408   5,112
*
Tandy Leather Factory, Inc.
  9,974   31,318
 
Target Corp.
  259,962   32,724,017
#
Thor Industries, Inc.
  38,190   4,353,278
#
Tilly's, Inc., Class A
  18,598   111,774
#
Toll Brothers, Inc.
  126,380   4,827,716
*
TopBuild Corp.
  35,100   4,630,392
*
Unifi, Inc.
  41,401   495,156
*
Universal Electronics, Inc.
  15,506   714,361
# *
Urban Outfitters, Inc.
  60,570   1,001,828
#
Whirlpool Corp.
  50,924   8,306,723
#
Winnebago Industries, Inc.
  27,135   1,639,225
 
Wolverine World Wide, Inc.
  28,683   689,539
 
Wyndham Hotels & Resorts, Inc.
  47,600   2,102,016
# *
ZAGG, Inc.
  30,497   86,916
# *
Zumiez, Inc.
  2,800   64,680
TOTAL CONSUMER DISCRETIONARY
      358,574,859
CONSUMER STAPLES — (7.3%)
 
Alico, Inc.
  960   28,973
 
Andersons, Inc. (The)
  30,460   433,141
 
Archer-Daniels-Midland Co.
  750,362   32,138,005
 
Bunge, Ltd.
  114,694   4,982,307
# *
Cal-Maine Foods, Inc.
  1,523   66,928
 
Casey's General Stores, Inc.
  26,905   4,283,007
# *
Central Garden & Pet Co.
  25,184   953,466
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
CONSUMER STAPLES — (Continued)
*
Central Garden & Pet Co., Class A
  48,121   $1,667,393
 
Conagra Brands, Inc.
  144,700   5,419,015
 
Constellation Brands, Inc., Class B
  572   110,370
 
Coty, Inc., Class A
  71,506   265,287
# *
Craft Brew Alliance, Inc.
  9,754   144,457
*
Darling Ingredients, Inc.
  173,938   4,858,088
*
Farmer Bros Co.
  7,800   38,844
 
Flowers Foods, Inc.
  44,317   1,008,212
#
Fresh Del Monte Produce, Inc.
  39,437   890,487
# *
Hain Celestial Group, Inc. (The)
  87,292   2,966,182
#
Ingles Markets, Inc., Class A
  11,437   460,339
 
Ingredion, Inc.
  62,317   5,390,421
 
JM Smucker Co. (The)
  108,204   11,832,107
 
John B. Sanfilippo & Son, Inc.
  10,428   919,437
 
Kroger Co. (The)
  285,863   9,945,174
# *
Landec Corp.
  37,056   349,809
#
Limoneira Co.
  6,194   83,495
 
Molson Coors Beverage Co., Class B
  133,800   5,020,176
#
Molson Coors Brewing Co., Class A
  1,527   86,428
 
Mondelez International, Inc., Class A
  2,081,099   115,480,184
#
Natural Grocers by Vitamin Cottage, Inc.
  1,000   15,830
*
Nature's Sunshine Products, Inc.
  1,029   9,786
 
Nu Skin Enterprises, Inc., Class A
  3,097   138,900
 
Oil-Dri Corp. of America
  5,047   175,484
*
Performance Food Group Co.
  50,855   1,424,957
# *
Pilgrim's Pride Corp.
  7,900   121,265
*
Post Holdings, Inc.
  72,415   6,426,107
 
PriceSmart, Inc.
  4,262   278,607
 
Sanderson Farms, Inc.
  22,700   2,530,937
 
Seaboard Corp.
  1,781   4,814,488
*
Seneca Foods Corp., Class A
  6,301   246,873
*
Seneca Foods Corp., Class B
  300   11,550
# *
Simply Good Foods Co. (The)
  8,033   193,113
#
SpartanNash Co.
  33,983   714,493
#
Spectrum Brands Holdings, Inc.
  6,675   361,518
 
Tyson Foods, Inc., Class A
  405,030   24,889,094
# *
United Natural Foods, Inc.
  2,700   53,595
#
Universal Corp.
  22,290   939,746
*
US Foods Holding Corp.
  208,373   4,229,972
#
Village Super Market, Inc., Class A
  1,900   47,975
 
Walgreens Boots Alliance, Inc.
  659,669   26,855,125
 
Walmart, Inc.
  1,115,621   144,361,357
#
Weis Markets, Inc.
  11,602   578,012
TOTAL CONSUMER STAPLES
      429,240,516
ENERGY — (6.4%)
 
Adams Resources & Energy, Inc.
  6,004   127,105
#
Arch Resources, Inc.
  17,190   533,234
#
Archrock, Inc.
  69,200   460,872
# *
Bonanza Creek Energy, Inc.
  6,200   112,778
*
Bristow Group, Inc.
  3,352   53,666
 
Chevron Corp.
  1,350,819   113,387,747
# *
CNX Resources Corp.
  154,203   1,488,059
 
ConocoPhillips
  1,439,649   53,828,476
# *
CONSOL Energy, Inc.
  3,800   22,344
# *
Dawson Geophysical Co.
  21,211   38,180
 
Delek US Holdings, Inc.
  52,256   913,435
 
Devon Energy Corp.
  87,794   920,959
#
DMC Global, Inc.
  372   10,929
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
ENERGY — (Continued)
*
Dorian LPG, Ltd.
  13,595   $116,101
# *
Earthstone Energy, Inc., Class A
  8,400   22,092
 
Evolution Petroleum Corp.
  17,727   46,445
*
Exterran Corp.
  35,500   176,435
 
Exxon Mobil Corp.
  620,038   26,091,199
# *
Green Plains, Inc.
  21,234   274,556
#
Hallador Energy Co.
  14,700   9,285
 
Halliburton Co.
  666,057   9,544,597
#
Helmerich & Payne, Inc.
  62,000   1,105,460
 
Hess Corp.
  146,488   7,208,674
 
HollyFrontier Corp.
  146,260   4,022,150
 
International Seaways, Inc.
  12   207
 
Kinder Morgan, Inc.
  574,540   8,101,014
#
Kosmos Energy, Ltd.
  26,900   43,309
 
Marathon Oil Corp.
  467,019   2,563,934
 
Marathon Petroleum Corp.
  1,004,662   38,378,088
*
Matrix Service Co.
  17,846   156,242
#
Murphy Oil Corp.
  28,000   369,880
#
Nabors Industries, Ltd.
  640   27,142
 
NACCO Industries, Inc., Class A
  6,832   149,211
*
Natural Gas Services Group, Inc.
  10,028   63,979
*
Newpark Resources, Inc.
  73,721   139,333
*
NexTier Oilfield Solutions, Inc.
  1,400   3,528
 
Noble Energy, Inc.
  74,800   747,252
 
Panhandle Oil and Gas, Inc., Class A
  10,414   22,911
 
Parsley Energy, Inc., Class A
  81,213   891,719
#
Patterson-UTI Energy, Inc.
  1,400   5,425
# *
PDC Energy, Inc.
  21,789   310,711
 
Phillips 66
  723,574   44,876,059
 
Pioneer Natural Resources Co.
  111,950   10,850,194
*
ProPetro Holding Corp.
  5,764   30,953
*
REX American Resources Corp.
  4,050   276,007
# *
SEACOR Holdings, Inc.
  18,204   529,372
*
SEACOR Marine Holdings, Inc.
  12,678   31,188
#
SFL Corp., Ltd.
  12,481   103,717
# *
SilverBow Resources, Inc.
  3,019   10,778
#
SM Energy Co.
  24,900   73,455
# *
Southwestern Energy Co.
  377,255   916,730
 
Targa Resources Corp.
  26,979   493,176
*
TETRA Technologies, Inc.
  31,400   21,135
 
Valero Energy Corp.
  605,900   34,069,701
 
Williams Cos., Inc. (The)
  352,897   6,750,920
 
World Fuel Services Corp.
  28,812   677,946
TOTAL ENERGY
      372,199,994
FINANCIALS — (17.7%)
 
1st Constitution Bancorp
  692   8,553
 
1st Source Corp.
  45,305   1,500,502
 
Affiliated Managers Group, Inc.
  31,797   2,187,316
 
Aflac, Inc.
  337,222   11,994,987
 
Alleghany Corp.
  3,115   1,627,027
 
Allstate Corp. (The)
  157,339   14,851,228
#
American Equity Investment Life Holding Co.
  89,529   2,278,513
 
American Financial Group, Inc.
  156,083   9,485,164
 
American International Group, Inc.
  169,239   5,439,341
 
American National Group, Inc.
  22,561   1,661,618
 
Ameris Bancorp
  6,370   146,988
 
AmeriServ Financial, Inc.
  30,968   88,878
*
Arch Capital Group, Ltd.
  9,282   285,422
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
 
Argo Group International Holdings, Ltd.
  59,381   $1,989,857
 
Associated Banc-Corp
  34,231   439,526
 
Assurant, Inc.
  65,820   7,073,675
 
Assured Guaranty, Ltd.
  122,989   2,684,850
*
Asta Funding, Inc.
  885   11,478
 
Atlantic Union Bankshares Corp.
  68,946   1,556,111
# *
Atlanticus Holdings Corp.
  12,567   102,672
#
Banc of California, Inc.
  4,100   43,952
*
Bancorp, Inc. (The)
  14,759   139,177
 
BancorpSouth Bank
  52,027   1,088,925
 
Bank of America Corp.
  5,929,137   147,516,929
 
Bank of New York Mellon Corp. (The)
  491,755   17,629,417
 
Bank OZK
  52,132   1,253,775
 
BankFinancial Corp.
  16,687   121,648
 
BankUnited, Inc.
  42,709   860,159
 
Banner Corp.
  40,520   1,435,624
#
Bar Harbor Bankshares
  2,733   54,332
 
BCB Bancorp, Inc.
  1,059   8,525
*
Berkshire Hathaway, Inc., Class B
  94,313   18,464,599
 
Berkshire Hills Bancorp, Inc.
  33,464   333,301
*
Blucora, Inc.
  57,127   673,527
#
BOK Financial Corp.
  26,900   1,498,330
 
Boston Private Financial Holdings, Inc.
  14,600   85,921
 
Brookline Bancorp, Inc.
  90,600   869,307
#
Capital City Bank Group, Inc.
  14,283   268,949
 
Capital One Financial Corp.
  333,920   21,304,096
 
Cathay General Bancorp
  85,940   2,078,029
#
CCUR Holdings, Inc.
  11,740   37,098
 
Century Bancorp, Inc., Class A
  295   20,544
 
Chemung Financial Corp.
  300   8,103
 
Chubb, Ltd.
  64,312   8,183,059
 
Cincinnati Financial Corp.
  12,284   957,292
 
CIT Group, Inc.
  60,259   1,143,113
 
Citigroup, Inc.
  1,441,183   72,073,562
#
Citizens Community Bancorp, Inc.
  10,355   68,550
 
Citizens Financial Group, Inc.
  2,265   56,195
 
CME Group, Inc.
  14,330   2,381,359
 
CNA Financial Corp.
  51,474   1,714,084
 
CNO Financial Group, Inc.
  301,264   4,549,086
 
Codorus Valley Bancorp, Inc.
  165   1,939
 
Columbia Banking System, Inc.
  69,936   2,023,248
 
Comerica, Inc.
  47,590   1,833,167
 
Community Bankers Trust Corp.
  5,917   30,532
 
Community Financial Corp. (The)
  408   9,188
 
Community Trust Bancorp, Inc.
  18,195   556,949
 
Community West Bancshares
  400   3,224
 
ConnectOne Bancorp, Inc.
  38,800   535,052
# *
Consumer Portfolio Services, Inc.
  26,500   86,655
#
Cowen, Inc., Class A
  3,989   65,699
#
Cullen/Frost Bankers, Inc.
  500   36,030
# *
Customers Bancorp, Inc.
  2,290   27,137
 
Donegal Group, Inc., Class A
  12,386   173,156
# *
Donnelley Financial Solutions, Inc.
  6,900   59,685
 
E*TRADE Financial Corp.
  86,881   4,410,948
 
Eagle Bancorp Montana, Inc.
  1,000   15,450
 
East West Bancorp, Inc.
  87,046   3,017,014
 
Employers Holdings, Inc.
  27,567   896,479
*
Equity Bancshares, Inc., Class A
  2,393   33,837
 
ESSA Bancorp, Inc.
  8,217   103,534
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
 
Evans Bancorp, Inc.
  1,681   $37,066
 
Everest Re Group, Ltd.
  34,913   7,638,615
 
FBL Financial Group, Inc., Class A
  24,660   857,675
 
Federal Agricultural Mortgage Corp., Class A
  177   10,178
 
Federal Agricultural Mortgage Corp., Class C
  9,500   565,345
 
FedNat Holding Co.
  13,665   127,904
 
Fifth Third Bancorp
  380,432   7,555,380
 
Financial Institutions, Inc.
  296   4,372
 
First American Financial Corp.
  71,961   3,670,731
 
First Bancorp
  16,138   333,411
 
First BanCorp
  169,745   923,413
 
First Busey Corp.
  27,120   463,752
 
First Business Financial Services, Inc.
  964   14,335
#
First Citizens BancShares, Inc., Class A
  8,627   3,673,981
 
First Commonwealth Financial Corp.
  81,147   638,627
#
First Financial Bancorp
  75,306   1,047,883
 
First Financial Corp.
  1,147   38,344
 
First Financial Northwest, Inc.
  25,371   230,876
#
First Hawaiian, Inc.
  67,992   1,181,701
 
First Horizon National Corp.
  185,460   1,719,214
 
First Internet Bancorp
  5,329   78,070
 
First Interstate BancSystem, Inc., Class A
  7,320   213,085
 
First Merchants Corp.
  40,115   980,009
 
First Midwest Bancorp, Inc.
  91,418   1,109,357
 
First United Corp.
  1,266   13,685
 
Flagstar Bancorp, Inc.
  9,232   289,700
 
FNB Corp.
  80,914   599,573
#
Franklin Financial Network, Inc.
  5,337   140,897
 
Fulton Financial Corp.
  162,280   1,574,116
 
Global Indemnity, Ltd.
  8,282   189,244
 
Goldman Sachs Group, Inc. (The)
  198,993   39,392,654
 
Great Southern Bancorp, Inc.
  1,616   58,289
 
Great Western Bancorp, Inc.
  10,892   141,596
 
Guaranty Federal Bancshares, Inc.
  1,684   24,856
*
Hallmark Financial Services, Inc.
  16,734   47,525
 
Hanmi Financial Corp.
  3,221   29,730
 
Hanover Insurance Group, Inc. (The)
  88,829   9,049,899
 
Hartford Financial Services Group, Inc. (The)
  245,844   10,404,118
 
Heartland Financial USA, Inc.
  465   14,527
 
Hilltop Holdings, Inc.
  26,171   509,549
*
HMN Financial, Inc.
  3,456   48,384
#
Home Bancorp, Inc.
  719   16,810
#
Home BancShares, Inc.
  49,545   809,070
 
HomeStreet, Inc.
  2,200   58,168
#
Hope Bancorp, Inc.
  95,411   804,315
#
Horace Mann Educators Corp.
  58,206   2,187,381
 
Huntington Bancshares, Inc.
  707,863   6,561,890
 
Independence Holding Co.
  500   16,530
#
Independent Bank Corp.
  339   21,872
#
Independent Bank Group, Inc.
  40,199   1,765,942
 
International Bancshares Corp.
  23,718   721,502
 
Investors Bancorp, Inc.
  81,912   665,125
 
Investors Title Co.
  1,069   123,021
#
Janus Henderson Group P.L.C.
  11,721   244,852
 
JPMorgan Chase & Co.
  2,307,658   223,012,069
 
Kemper Corp.
  40,117   3,149,987
 
KeyCorp
  526,210   6,319,782
 
Lakeland Bancorp, Inc.
  55,240   562,343
 
Landmark Bancorp, Inc.
  2,634   54,260
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
 
Legg Mason, Inc.
  44,900   $2,244,551
 
Lincoln National Corp.
  22,300   831,121
 
Loews Corp.
  243,798   8,876,685
 
M&T Bank Corp.
  35,300   3,740,035
 
Mackinac Financial Corp.
  6,893   62,726
 
Marlin Business Services Corp.
  13,787   101,197
# *
MBIA, Inc.
  82,267   658,959
 
Mercantile Bank Corp.
  4,422   94,144
 
Meridian Bancorp, Inc.
  1,000   11,405
# *
Meridian Corp.
  511   7,675
 
MetLife, Inc.
  318,167   12,042,621
 
MGIC Investment Corp.
  340,167   2,813,181
 
Middlefield Banc Corp.
  452   7,973
 
MidWestOne Financial Group, Inc.
  346   6,256
 
Morgan Stanley
  1,036,923   50,684,796
 
MVB Financial Corp.
  716   9,466
 
National Western Life Group, Inc., Class A
  900   175,311
#
Navient Corp.
  61,729   491,363
#
Nelnet, Inc., Class A
  16,900   980,200
 
New York Community Bancorp, Inc.
  177,189   1,865,800
»
NewStar Financial, Inc.
  41,166   4,182
 
Northfield Bancorp, Inc.
  2,300   22,103
 
Northrim BanCorp, Inc.
  5,734   131,997
 
Northwest Bancshares, Inc.
  109,427   1,077,856
 
OceanFirst Financial Corp.
  5,466   83,739
 
OFG Bancorp
  34,148   446,656
#
Old National Bancorp
  66,704   933,189
 
Old Republic International Corp.
  196,567   3,158,832
 
OneMain Holdings, Inc.
  68,655   1,970,399
 
Oppenheimer Holdings, Inc., Class A
  3,097   65,625
*
Pacific Mercantile Bancorp
  4,866   18,053
 
Pacific Premier Bancorp, Inc.
  3,466   72,821
 
PacWest Bancorp
  88,630   1,619,713
 
Parke Bancorp, Inc.
  660   7,715
 
Peoples Bancorp of North Carolina, Inc.
  275   4,551
 
Peoples Bancorp, Inc.
  15,923   319,575
 
People's United Financial, Inc.
  77,200   832,988
 
Pinnacle Financial Partners, Inc.
  13,681   542,041
 
PNC Financial Services Group, Inc. (The)
  217,040   23,151,657
 
Popular, Inc.
  56,536   2,098,051
# *
PRA Group, Inc.
  3,923   155,194
 
Premier Financial Bancorp, Inc.
  9,004   95,442
 
Premier Financial Corp.
  21,760   384,717
 
Principal Financial Group, Inc.
  218,754   9,281,732
 
Prosperity Bancshares, Inc.
  46,452   2,580,873
 
Protective Insurance Corp., Class A
  300   4,397
 
Protective Insurance Corp., Class B
  5,098   65,254
 
Provident Financial Holdings, Inc.
  4,144   50,557
#
Provident Financial Services, Inc.
  64,659   882,595
 
Prudential Bancorp, Inc.
  1,222   13,686
 
Prudential Financial, Inc.
  220,446   13,969,663
 
Radian Group, Inc.
  167,314   2,496,325
 
Regions Financial Corp.
  1,302,555   14,145,747
 
Reinsurance Group of America, Inc.
  153,566   13,091,502
 
Renasant Corp.
  44,538   1,034,618
 
Riverview Bancorp, Inc.
  1,682   8,208
 
Safety Insurance Group, Inc.
  24,000   1,816,080
#
Salisbury Bancorp, Inc.
  300   10,923
 
Sandy Spring Bancorp, Inc.
  10,325   238,714
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
 
Santander Consumer USA Holdings, Inc.
  48,660   $893,398
 
SB Financial Group, Inc.
  1,128   14,010
# *
Select Bancorp, Inc.
  2,728   21,306
#
Selective Insurance Group, Inc.
  45,200   2,456,168
 
Severn Bancorp, Inc.
  1,399   8,422
 
Signature Bank
  26,062   2,672,137
 
Simmons First National Corp., Class A
  52,445   870,063
 
South State Corp.
  7,796   371,557
 
Southern National Bancorp of Virginia, Inc.
  193   1,625
 
State Auto Financial Corp.
  15,100   234,201
 
State Street Corp.
  60,004   3,827,655
 
Sterling Bancorp
  110,271   1,240,549
 
Stewart Information Services Corp.
  21,171   888,123
 
Stifel Financial Corp.
  73,600   3,568,128
 
Synchrony Financial
  544,549   12,050,869
 
Synovus Financial Corp.
  113,409   2,285,191
 
TCF Financial Corp.
  154,714   4,253,088
 
Territorial Bancorp, Inc.
  823   18,081
*
Texas Capital Bancshares, Inc.
  22,592   750,506
 
Timberland Bancorp, Inc.
  3,971   66,157
 
Tiptree, Inc.
  37,071   187,209
 
Towne Bank
  10,057   177,405
 
Travelers Cos., Inc. (The)
  168,250   19,251,165
 
TriCo Bancshares
  854   23,912
 
Truist Financial Corp.
  345,238   12,932,616
 
Trustmark Corp.
  68,317   1,538,499
 
UMB Financial Corp.
  6,961   346,658
 
Umpqua Holdings Corp.
  52,732   572,142
#
United Bankshares, Inc.
  32,729   861,427
 
United Community Banks, Inc.
  9,172   164,454
 
United Fire Group, Inc.
  17,415   441,819
 
Unity Bancorp, Inc.
  3,592   44,936
 
Universal Insurance Holdings, Inc.
  900   15,759
 
Univest Financial Corp.
  2,256   34,494
 
Unum Group
  471,732   8,127,942
#
Valley National Bancorp
  203,236   1,518,173
 
Virtus Investment Partners, Inc.
  3,700   502,904
 
Voya Financial, Inc.
  24,457   1,208,176
 
Washington Federal, Inc.
  97,887   2,284,683
 
Waterstone Financial, Inc.
  8,526   130,277
 
Webster Financial Corp.
  22,479   613,002
 
Wells Fargo & Co.
  1,333,662   32,354,640
 
WesBanco, Inc.
  34,796   690,005
 
Western New England Bancorp, Inc.
  13,698   69,038
 
White Mountains Insurance Group, Ltd.
  1,020   897,733
 
Wintrust Financial Corp.
  47,328   2,025,638
 
WSFS Financial Corp.
  40,724   1,161,856
 
Zions Bancorp NA
  121,745   3,953,060
TOTAL FINANCIALS
      1,040,204,072
HEALTH CARE — (18.8%)
 
Abbott Laboratories
  915,297   92,115,490
 
AbbVie, Inc.
  22,603   2,145,251
# *
Acadia Healthcare Co., Inc.
  68,394   2,038,825
# *
Addus HomeCare Corp.
  2,044   197,062
*
Alexion Pharmaceuticals, Inc.
  102,164   10,470,788
# *
Allscripts Healthcare Solutions, Inc.
  33,823   304,407
# *
AMN Healthcare Services, Inc.
  3,400   186,796
*
AngioDynamics, Inc.
  14,354   118,564
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
HEALTH CARE — (Continued)
# *
Anika Therapeutics, Inc.
  14,671   $534,024
 
Anthem, Inc.
  504,640   138,170,432
*
Arena Pharmaceuticals, Inc.
  2,796   171,646
 
Becton Dickinson and Co.
  409   115,068
*
Biogen, Inc.
  668   183,493
*
Bio-Rad Laboratories, Inc., Class A
  6,342   3,328,852
*
BioSpecifics Technologies Corp.
  2,500   156,650
 
Bristol-Myers Squibb Co.
  298,861   17,531,186
*
Brookdale Senior Living, Inc.
  106,229   294,254
*
Catalent, Inc.
  16,700   1,458,578
*
Centene Corp.
  102,379   6,680,230
*
Cigna Corp.
  285,386   49,283,308
#
CONMED Corp.
  43,239   3,568,947
 
Cooper Cos., Inc. (The)
  13,956   3,948,571
# *
Covetrus, Inc.
  7,558   167,485
*
Cross Country Healthcare, Inc.
  33,795   219,161
*
CryoLife, Inc.
  17,502   339,714
# *
Cumberland Pharmaceuticals, Inc.
  23,319   77,652
 
CVS Health Corp.
  1,510,745   95,086,290
 
Danaher Corp.
  375,873   76,602,917
*
DaVita, Inc.
  73,290   6,404,813
 
DENTSPLY SIRONA, Inc.
  67,083   2,991,902
# *
Digirad Corp.
  2,671   7,479
*
Elanco Animal Health, Inc.
  300   7,089
*
Emergent BioSolutions, Inc.
  30,178   3,357,001
#
Envista Holdings Corp.
  163,737   3,580,928
# *
Enzo Biochem, Inc.
  6,287   14,963
*
Exelixis, Inc.
  31,444   726,042
# *
FONAR Corp.
  1,460   35,945
*
Globus Medical, Inc., Class A
  13,207   636,313
# *
Harvard Bioscience, Inc.
  16,180   50,320
*
HMS Holdings Corp.
  6,400   208,000
*
Horizon Therapeutics P.L.C.
  45,000   2,753,550
 
Humana, Inc.
  198,071   77,732,964
*
Integer Holdings Corp.
  41,672   2,740,767
# *
IntriCon Corp.
  8,135   87,858
*
Jazz Pharmaceuticals P.L.C.
  44,811   4,850,791
 
Kewaunee Scientific Corp.
  1,631   15,527
*
Laboratory Corp. of America Holdings
  9,871   1,904,313
*
LHC Group, Inc.
  30,318   5,915,345
# *
Ligand Pharmaceuticals, Inc.
  2,168   254,046
#
Luminex Corp.
  19,129   696,296
*
Magellan Health, Inc.
  200   14,834
* »
MedCath Corp.
  29,240   0
# *
Medpace Holdings, Inc.
  800   95,480
 
Medtronic P.L.C.
  814,175   78,551,604
*
Meridian Bioscience, Inc.
  37,500   918,375
# *
Merit Medical Systems, Inc.
  27,130   1,213,254
# *
Molina Healthcare, Inc.
  18,941   3,498,403
*
Mylan NV
  114,871   1,850,572
*
Myriad Genetics, Inc.
  1,987   23,983
 
National HealthCare Corp.
  6,880   408,122
*
Natus Medical, Inc.
  16,198   300,959
# *
NuVasive, Inc.
  4,355   248,845
# *
Omnicell, Inc.
  35,405   2,488,618
*
OraSure Technologies, Inc.
  69,400   1,259,610
#
Patterson Cos., Inc.
  12,992   345,068
 
PerkinElmer, Inc.
  76,500   9,096,615
 
Perrigo Co. P.L.C.
  36,061   1,911,954
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
HEALTH CARE — (Continued)
 
Pfizer, Inc.
  3,696,959   $142,258,982
*
Premier, Inc., Class A
  13,070   457,058
# *
Prestige Consumer Healthcare, Inc.
  111,489   4,146,276
*
Providence Service Corp. (The)
  9,300   753,393
 
Quest Diagnostics, Inc.
  20,299   2,579,394
*
Select Medical Holdings Corp.
  124,004   2,361,036
 
STERIS P.L.C.
  200   31,926
*
Supernus Pharmaceuticals, Inc.
  523   11,645
# *
Surgalign Holdings, Inc.
  63,120   177,367
*
Surmodics, Inc.
  5,593   264,493
# *
Syneos Health, Inc.
  37,367   2,331,327
# *
Taro Pharmaceutical Industries, Ltd.
  3,478   226,105
 
Teleflex, Inc.
  19,840   7,402,304
 
Thermo Fisher Scientific, Inc.
  435,609   180,320,346
# *
Triple-S Management Corp., Class B
  21,741   423,080
*
United Therapeutics Corp.
  16,900   1,883,843
 
UnitedHealth Group, Inc.
  89,716   27,164,211
 
Universal Health Services, Inc., Class B
  38,927   4,278,077
# *
Vanda Pharmaceuticals, Inc.
  700   7,056
*
Varex Imaging Corp.
  5,400   84,672
 
Zimmer Biomet Holdings, Inc.
  34,405   4,639,858
TOTAL HEALTH CARE
      1,104,496,638
INDUSTRIALS — (13.0%)
 
AAR Corp.
  35,596   612,963
#
ABM Industries, Inc.
  76,400   2,742,760
 
Acme United Corp.
  1,030   22,320
#
Acuity Brands, Inc.
  32,822   3,252,660
# *
Advanced Disposal Services, Inc.
  9,007   271,651
*
AECOM
  22,080   799,075
*
Aegion Corp.
  38,330   591,049
*
Aerovironment, Inc.
  35,065   2,684,226
 
AGCO Corp.
  73,273   4,808,907
#
Air Lease Corp.
  74,037   1,941,250
# *
Air Transport Services Group, Inc.
  21,308   519,276
 
Alamo Group, Inc.
  22,751   2,345,856
 
Alaska Air Group, Inc.
  114,992   3,960,324
 
Albany International Corp., Class A
  20,551   988,092
#
Allegiant Travel Co.
  10,873   1,218,102
 
Allied Motion Technologies, Inc.
  1,458   54,967
 
Altra Industrial Motion Corp.
  15,484   530,017
 
AMERCO
  29,431   9,351,112
# *
Ameresco, Inc., Class A
  981   27,154
*
American Woodmark Corp.
  17,504   1,411,172
 
Apogee Enterprises, Inc.
  36,374   785,315
 
Applied Industrial Technologies, Inc.
  11,718   739,640
#
ARC Document Solutions, Inc.
  20,800   20,394
 
ArcBest Corp.
  12,135   368,783
 
Arcosa, Inc.
  61,271   2,586,862
 
Argan, Inc.
  16,121   691,591
*
ASGN, Inc.
  55,051   3,768,791
#
Astec Industries, Inc.
  22,925   1,019,933
# *
Atlas Air Worldwide Holdings, Inc.
  29,094   1,515,215
 
AZZ, Inc.
  19,600   618,968
 
Barnes Group, Inc.
  52,200   1,924,614
*
Beacon Roofing Supply, Inc.
  32,799   1,022,017
*
BMC Stock Holdings, Inc.
  52,400   1,341,440
 
Brady Corp., Class A
  55,500   2,551,335
*
Builders FirstSource, Inc.
  28,442   673,791
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INDUSTRIALS — (Continued)
*
CAI International, Inc.
  17,082   $293,981
 
Carlisle Cos., Inc.
  42,219   5,027,438
 
Carrier Global Corp.
  245,098   6,676,469
*
CBIZ, Inc.
  39,049   944,205
*
CECO Environmental Corp.
  3,773   25,279
# *
Chart Industries, Inc.
  23,620   1,618,679
 
Chicago Rivet & Machine Co.
  700   14,864
*
CIRCOR International, Inc.
  6,849   179,581
*
Clean Harbors, Inc.
  40,519   2,414,932
# *
Colfax Corp.
  17,646   513,146
 
Columbus McKinnon Corp.
  17,542   581,166
 
Comfort Systems USA, Inc.
  44,560   2,215,078
*
Commercial Vehicle Group, Inc.
  15,404   36,045
 
CompX International, Inc.
  500   6,915
#
Copa Holdings SA, Class A
  33,488   1,387,743
 
CoreLogic, Inc.
  96,545   6,580,507
*
Covenant Logistics Group, Inc.
  7,080   119,298
 
CRA International, Inc.
  7,613   317,995
 
Crane Co.
  17,597   995,462
 
CSW Industrials, Inc.
  300   20,037
 
CSX Corp.
  1,008,000   71,910,720
#
Cubic Corp.
  31,381   1,318,002
 
Curtiss-Wright Corp.
  46,353   4,130,979
 
Deere & Co.
  12,600   2,221,506
 
Delta Air Lines, Inc.
  433,135   10,815,381
 
Douglas Dynamics, Inc.
  30,234   1,068,772
*
Ducommun, Inc.
  12,645   454,588
*
DXP Enterprises, Inc.
  16,202   273,490
# *
Dycom Industries, Inc.
  8,097   346,794
 
Eastern Co. (The)
  10,193   166,248
 
Eaton Corp. P.L.C.
  265,270   24,704,595
*
Echo Global Logistics, Inc.
  31,380   786,540
 
EMCOR Group, Inc.
  63,171   4,327,213
 
Encore Wire Corp.
  24,066   1,207,873
#
Enerpac Tool Group Corp.
  21,000   396,900
 
EnerSys
  44,939   3,022,597
#
Ennis, Inc.
  30,835   533,445
 
ESCO Technologies, Inc.
  29,848   2,565,137
 
Espey Manufacturing & Electronics Corp.
  1,671   31,131
 
Federal Signal Corp.
  71,923   2,223,140
 
FedEx Corp.
  144,562   24,344,241
 
Flowserve Corp.
  52,147   1,453,337
 
Fortune Brands Home & Security, Inc.
  123,726   9,465,039
 
Forward Air Corp.
  5,747   298,787
*
Franklin Covey Co.
  3,046   55,102
 
Franklin Electric Co., Inc.
  21,158   1,143,590
# *
FTI Consulting, Inc.
  43,936   5,247,716
#
GATX Corp.
  65,445   3,991,491
*
Gencor Industries, Inc.
  13,149   157,394
*
Gibraltar Industries, Inc.
  34,903   1,805,183
*
Goldfield Corp. (The)
  4,304   16,743
 
Gorman-Rupp Co. (The)
  22,062   667,596
*
GP Strategies Corp.
  18,583   138,072
*
Great Lakes Dredge & Dock Corp.
  69,820   583,695
#
Greenbrier Cos., Inc. (The)
  23,651   608,540
#
Griffon Corp.
  40,152   918,276
#
Hawaiian Holdings, Inc.
  35,522   422,357
 
Heartland Express, Inc.
  13,705   278,006
 
Heidrick & Struggles International, Inc.
  18,634   376,966
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INDUSTRIALS — (Continued)
*
Herc Holdings, Inc.
  1,679   $56,314
*
Heritage-Crystal Clean, Inc.
  7,665   106,773
 
Herman Miller, Inc.
  23,686   554,963
*
Hertz Global Holdings, Inc.
  50,225   72,826
 
Hillenbrand, Inc.
  15,748   460,314
*
Houston Wire & Cable Co.
  9,200   23,092
 
Howmet Aerospace, Inc.
  222,905   3,294,536
*
Hub Group, Inc., Class A
  1,944   102,838
 
Hubbell, Inc.
  17,724   2,392,208
 
Hurco Cos., Inc.
  7,910   219,423
*
Huron Consulting Group, Inc.
  18,104   863,923
 
Hyster-Yale Materials Handling, Inc.
  12,246   456,898
*
IAA, Inc.
  18,100   784,635
 
ICF International, Inc.
  31,660   2,140,533
*
Ingersoll Rand, Inc.
  193,247   6,104,673
*
InnerWorkings, Inc.
  11,981   32,948
 
Insteel Industries, Inc.
  17,578   327,654
 
Interface, Inc.
  9,774   77,997
 
ITT, Inc.
  92,819   5,358,441
*
JELD-WEN Holding, Inc.
  4,547   89,121
*
JetBlue Airways Corp.
  324,893   3,359,394
#
Kadant, Inc.
  10,486   1,137,836
 
Kaman Corp.
  21,087   832,726
#
KAR Auction Services, Inc.
  18,100   273,853
 
Kennametal, Inc.
  49,746   1,341,152
 
Kimball International, Inc., Class B
  38,632   422,634
#
Knight-Swift Transportation Holdings, Inc.
  84,110   3,657,944
 
Knoll, Inc.
  8,100   94,851
 
Korn Ferry
  63,010   1,770,581
*
Kratos Defense & Security Solutions, Inc.
  2,711   48,825
 
L3Harris Technologies, Inc.
  127,356   21,437,835
*
Lawson Products, Inc.
  8,847   264,348
*
LB Foster Co., Class A
  4,904   68,950
 
LSI Industries, Inc.
  15,841   92,828
# *
Lydall, Inc.
  15,605   252,801
 
Macquarie Infrastructure Corp.
  16,662   499,194
 
ManpowerGroup, Inc.
  57,319   3,942,974
 
Marten Transport, Ltd.
  79,636   2,119,910
*
Masonite International Corp.
  19,500   1,644,825
# *
MasTec, Inc.
  63,539   2,527,581
 
Matson, Inc.
  62,316   2,269,549
 
Matthews International Corp., Class A
  7,200   155,520
 
McGrath RentCorp
  22,452   1,302,665
*
Mercury Systems, Inc.
  2,055   159,119
# *
Middleby Corp. (The)
  6,600   548,196
 
Miller Industries, Inc.
  20,099   569,807
 
Moog, Inc., Class A
  35,839   1,925,271
# *
MRC Global, Inc.
  97,164   578,126
 
MSC Industrial Direct Co., Inc., Class A
  3,500   231,035
 
Mueller Industries, Inc.
  44,012   1,230,575
 
Mueller Water Products, Inc., Class A
  72,387   732,556
*
MYR Group, Inc.
  19,582   718,072
 
National Presto Industries, Inc.
  5,471   467,169
 
Nielsen Holdings P.L.C.
  17,000   245,310
 
NL Industries, Inc.
  100   366
#
NN, Inc.
  9,957   52,374
 
Norfolk Southern Corp.
  545,229   104,798,466
*
Northwest Pipe Co.
  5,286   131,357
 
nVent Electric P.L.C.
  141,034   2,561,177
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INDUSTRIALS — (Continued)
 
Oshkosh Corp.
  76,335   $6,009,091
 
Owens Corning
  149,300   9,028,171
 
PACCAR, Inc.
  165,276   14,061,682
*
PAM Transportation Services, Inc.
  6,449   180,959
#
Park Aerospace Corp.
  9,330   100,577
#
Park-Ohio Holdings Corp.
  2,542   36,656
 
Patrick Industries, Inc.
  13,200   844,140
 
Pentair P.L.C.
  75,472   3,233,975
*
Perma-Pipe International Holdings, Inc.
  8,900   52,599
*
PGT Innovations, Inc.
  49,980   853,159
 
Powell Industries, Inc.
  5,719   151,839
 
Preformed Line Products Co.
  400   19,704
 
Primoris Services Corp.
  34,000   545,020
#
Quad/Graphics, Inc.
  6,491   20,187
 
Quanex Building Products Corp.
  30,731   431,771
 
Quanta Services, Inc.
  168,307   6,727,231
*
Radiant Logistics, Inc.
  42,044   178,687
 
Raytheon Technologies Corp.
  266,443   15,101,989
*
RCM Technologies, Inc.
  15,245   23,325
 
Regal Beloit Corp.
  22,880   2,104,274
 
Republic Services, Inc.
  429,755   37,496,124
# *
Resideo Technologies, Inc.
  10,125   134,460
#
Resources Connection, Inc.
  31,255   353,181
 
Rexnord Corp.
  66,378   1,922,971
 
Rush Enterprises, Inc., Class A
  33,503   1,594,073
 
Rush Enterprises, Inc., Class B
  18,522   737,176
 
Ryder System, Inc.
  89,844   3,290,986
# *
Saia, Inc.
  29,325   3,502,871
 
Schneider National, Inc., Class B
  9,398   236,172
*
Sensata Technologies Holding P.L.C.
  88,061   3,344,557
#
Shyft Group, Inc. (The)
  33,020   623,418
*
SIFCO Industries, Inc.
  4,527   17,248
 
Simpson Manufacturing Co., Inc.
  37,725   3,642,726
 
SkyWest, Inc.
  57,460   1,511,773
#
Snap-on, Inc.
  38,115   5,559,835
 
Southwest Airlines Co.
  531,263   16,410,714
# *
Spirit Airlines, Inc.
  63,489   1,003,761
# *
SPX FLOW, Inc.
  15,945   639,076
 
Standex International Corp.
  22,341   1,196,361
 
Stanley Black & Decker, Inc.
  129,900   19,916,268
 
Steelcase, Inc., Class A
  100,669   1,080,178
# *
Stericycle, Inc.
  33,600   2,030,616
*
Sterling Construction Co., Inc.
  29,900   307,970
#
Terex Corp.
  42,936   809,344
 
Tetra Tech, Inc.
  57,122   5,063,865
# *
Textainer Group Holdings, Ltd.
  10,800   91,152
 
Textron, Inc.
  77,944   2,723,363
*
Thermon Group Holdings, Inc.
  5,700   77,235
 
Timken Co. (The)
  40,125   1,832,107
 
Titan International, Inc.
  18,000   26,820
*
Titan Machinery, Inc.
  17,783   193,212
 
Trane Technologies P.L.C.
  213,109   23,840,504
*
Transcat, Inc.
  7,700   214,830
*
TriMas Corp.
  10,200   238,680
#
Trinity Industries, Inc.
  120,734   2,357,935
 
Triton International, Ltd.
  28,853   908,004
*
Twin Disc, Inc.
  6,900   40,434
 
UFP Industries, Inc.
  95,400   5,554,188
*
Ultralife Corp.
  3,309   23,494
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INDUSTRIALS — (Continued)
 
UniFirst Corp.
  18,705   $3,488,108
 
Union Pacific Corp.
  295,838   51,283,517
*
United Airlines Holdings, Inc.
  138,905   4,358,839
*
United Rentals, Inc.
  51,618   8,019,889
*
Univar Solutions, Inc.
  77,916   1,376,776
# *
USA Truck, Inc.
  7,482   73,099
 
Valmont Industries, Inc.
  10,420   1,262,904
*
Vectrus, Inc.
  11,269   495,723
*
Veritiv Corp.
  9,937   152,135
#
Viad Corp.
  23,193   335,371
*
Virco Manufacturing Corp.
  12,601   27,974
 
VSE Corp.
  6,244   175,644
#
Wabash National Corp.
  23,800   271,082
 
Watts Water Technologies, Inc., Class A
  29,209   2,450,343
 
Werner Enterprises, Inc.
  51,539   2,266,943
*
WESCO International, Inc.
  55,106   2,141,970
# *
Willdan Group, Inc.
  7,100   175,086
# *
Willis Lease Finance Corp.
  6,713   130,903
*
WillScot Mobile Mini Holdings Corp.
  130,978   1,972,529
#
Woodward, Inc.
  14,712   1,102,517
# *
XPO Logistics, Inc.
  103,005   7,727,435
TOTAL INDUSTRIALS
      759,736,991
INFORMATION TECHNOLOGY — (9.3%)
*
ACI Worldwide, Inc.
  2,971   79,593
# *
Advanced Energy Industries, Inc.
  3,570   262,645
*
Agilysys, Inc.
  3,000   62,880
*
Alithya Group, Inc., Class A
  11,334   18,248
 
Alliance Data Systems Corp.
  4,964   220,203
# *
Alpha & Omega Semiconductor, Ltd.
  20,661   224,998
 
Amdocs, Ltd.
  99,072   6,152,371
# *
Amkor Technology, Inc.
  1,400   19,033
 
Analog Devices, Inc.
  24,652   2,831,282
*
Arrow Electronics, Inc.
  171,470   12,280,681
 
AstroNova, Inc.
  6,285   43,241
 
Avnet, Inc.
  27,420   732,662
*
Aware, Inc.
  14,326   42,548
*
Axcelis Technologies, Inc.
  31,733   933,585
*
AXT, Inc.
  24,921   119,372
 
Bel Fuse, Inc., Class A
  3,574   41,101
 
Bel Fuse, Inc., Class B
  9,416   114,875
 
Belden, Inc.
  2,684   84,814
 
Benchmark Electronics, Inc.
  62,063   1,263,603
#
Brooks Automation, Inc.
  52,147   2,839,404
 
Cabot Microelectronics Corp.
  13,809   2,081,292
*
CACI International, Inc., Class A
  27,304   5,674,317
# *
CalAmp Corp.
  20,602   162,344
*
Calix, Inc.
  5,463   112,046
# *
Cardtronics P.L.C., Class A
  13,293   296,833
#
Cerence, Inc.
  24,487   971,154
*
Ciena Corp.
  133,800   7,962,438
*
Cirrus Logic, Inc.
  66,501   4,557,314
*
Coherent, Inc.
  14,758   2,048,853
 
Cohu, Inc.
  20,008   376,751
# *
CommScope Holding Co., Inc.
  103,267   958,318
#
Comtech Telecommunications Corp.
  15,569   255,643
*
Conduent, Inc.
  481   919
 
Corning, Inc.
  785,955   24,364,605
# *
Cree, Inc.
  13,400   923,528
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INFORMATION TECHNOLOGY — (Continued)
 
CSP, Inc.
  2,414   $17,960
 
CTS Corp.
  66,936   1,329,349
# *
CyberOptics Corp.
  3,281   129,107
#
Daktronics, Inc.
  40,433   168,606
# *
Digi International, Inc.
  25,438   308,309
# *
Diodes, Inc.
  48,570   2,498,926
*
DSP Group, Inc.
  46,713   693,688
 
DXC Technology Co.
  228,936   4,100,244
*
EchoStar Corp., Class A
  23,551   642,942
*
EMCORE Corp.
  744   2,604
*
ePlus, Inc.
  17,490   1,303,705
*
Fabrinet
  41,355   3,003,614
 
Fidelity National Information Services, Inc.
  198,899   29,100,913
# *
First Solar, Inc.
  30,266   1,802,340
*
Flex, Ltd.
  467,295   5,369,220
 
FLIR Systems, Inc.
  27,487   1,145,108
*
FormFactor, Inc.
  83,395   2,405,112
*
Frequency Electronics, Inc.
  7,390   77,373
 
Global Payments, Inc.
  76,846   13,680,125
*
GSI Technology, Inc.
  2,491   14,249
 
Hackett Group, Inc. (The)
  18,000   248,220
# *
Harmonic, Inc.
  82,383   459,697
 
Hewlett Packard Enterprise Co.
  894,616   8,829,860
*
Ichor Holdings, Ltd.
  14,000   459,480
# *
II-VI, Inc.
  548   27,795
# *
Insight Enterprises, Inc.
  42,100   2,098,264
 
Intel Corp.
  4,073,898   194,447,152
#
InterDigital, Inc.
  21,111   1,267,082
*
Itron, Inc.
  25,301   1,759,938
 
Jabil, Inc.
  156,633   5,460,226
 
Juniper Networks, Inc.
  195,414   4,959,607
#
KBR, Inc.
  136,686   3,039,897
*
Key Tronic Corp.
  17,623   119,308
*
Kimball Electronics, Inc.
  23,443   311,323
*
Knowles Corp.
  99,915   1,524,703
 
Kulicke & Soffa Industries, Inc.
  74,988   1,777,216
*
KVH Industries, Inc.
  13,696   111,212
# *
Lattice Semiconductor Corp.
  22,597   702,541
# *
Limelight Networks, Inc.
  52,504   329,200
 
Littelfuse, Inc.
  6,880   1,222,232
*
LiveRamp Holdings, Inc.
  7,769   354,033
 
LogMeIn, Inc.
  20,208   1,734,048
# *
Lumentum Holdings, Inc.
  51,495   4,780,281
 
ManTech International Corp., Class A
  30,048   2,090,740
 
Marvell Technology Group, Ltd.
  166,418   6,069,264
 
Methode Electronics, Inc.
  72,016   2,030,851
*
Micron Technology, Inc.
  878,203   43,958,451
 
MKS Instruments, Inc.
  62,405   7,952,893
 
MTS Systems Corp.
  20,700   383,985
# *
NETGEAR, Inc.
  26,028   800,361
# *
Nuance Communications, Inc.
  195,900   5,357,865
*
ON Semiconductor Corp.
  379,816   7,824,210
*
Onto Innovation, Inc.
  46,997   1,777,427
# *
Optical Cable Corp.
  10,474   25,138
*
OSI Systems, Inc.
  19,200   1,362,432
# *
PAR Technology Corp.
  7,146   219,811
#
PC Connection, Inc.
  35,467   1,549,908
*
Perceptron, Inc.
  1,300   5,460
*
Perficient, Inc.
  28,300   1,109,643
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
INFORMATION TECHNOLOGY — (Continued)
 
Perspecta, Inc.
  114,468   $2,449,615
*
Photronics, Inc.
  79,712   946,979
*
Plexus Corp.
  35,152   2,611,442
*
Qorvo, Inc.
  95,832   12,280,871
*
Rambus, Inc.
  9,315   137,489
 
Richardson Electronics, Ltd.
  15,464   66,959
# *
Rogers Corp.
  10,243   1,220,863
*
Sanmina Corp.
  39,846   1,182,629
*
ScanSource, Inc.
  21,541   494,366
 
Science Applications International Corp.
  30,919   2,472,902
 
SS&C Technologies Holdings, Inc.
  51,586   2,966,195
*
Sykes Enterprises, Inc.
  21,292   584,678
# *
Synaptics, Inc.
  38,700   3,096,774
 
SYNNEX Corp.
  55,899   6,972,841
 
TE Connectivity, Ltd.
  197,255   17,569,503
 
TESSCO Technologies, Inc.
  8,689   53,524
# *
TTM Technologies, Inc.
  72,684   894,740
# *
Ultra Clean Holdings, Inc.
  39,982   1,203,058
*
Verint Systems, Inc.
  44,826   2,012,239
# *
ViaSat, Inc.
  22,743   863,324
*
Viavi Solutions, Inc.
  16,203   224,087
*
Virtusa Corp.
  30,064   1,220,598
 
Vishay Intertechnology, Inc.
  151,731   2,380,659
*
Vishay Precision Group, Inc.
  16,480   419,416
 
Western Digital Corp.
  215,907   9,305,592
*
Xerox Holdings Corp.
  128,558   2,140,491
 
Xperi Holding Corp.
  63,080   1,163,195
TOTAL INFORMATION TECHNOLOGY
      542,383,771
MATERIALS — (3.4%)
*
AdvanSix, Inc.
  19,500   242,775
 
Albemarle Corp.
  92,334   7,613,862
*
Alcoa Corp.
  43,626   567,138
# *
Allegheny Technologies, Inc.
  44,120   383,403
# *
Amcor, P.L.C.
  213,649   2,200,585
*
Arconic Corp.
  64,458   1,050,021
 
Ashland Global Holdings, Inc.
  112,560   8,496,029
 
Avient Corp.
  1,985   47,441
*
Berry Global Group, Inc.
  8,100   404,919
 
Boise Cascade Co.
  43,464   2,024,988
 
Cabot Corp.
  46,280   1,688,294
 
Carpenter Technology Corp.
  52,999   1,185,058
*
Century Aluminum Co.
  2,522   21,967
#
Chemours Co. (The)
  7,630   141,384
*
Clearwater Paper Corp.
  895   33,043
 
Commercial Metals Co.
  88,897   1,838,390
#
Compass Minerals International, Inc.
  3,757   191,382
*
Core Molding Technologies, Inc.
  11,847   54,496
*
Corteva, Inc.
  3,686   105,272
 
Domtar Corp.
  46,407   974,083
*
Dow, Inc.
  163,118   6,697,625
 
DuPont de Nemours, Inc.
  3,686   197,127
 
Eastman Chemical Co.
  62,099   4,634,448
*
Element Solutions, Inc.
  90,367   981,386
 
Friedman Industries, Inc.
  3,048   15,301
 
FutureFuel Corp.
  6,104   80,451
#
Gold Resource Corp.
  53,300   233,987
 
Graphic Packaging Holding Co.
  204,980   2,857,421
 
Greif, Inc., Class A
  21,053   732,434
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
MATERIALS — (Continued)
 
Greif, Inc., Class B
  400   $15,716
 
Hawkins, Inc.
  10,809   556,988
 
Haynes International, Inc.
  10,047   184,463
#
HB Fuller Co.
  57,208   2,593,811
 
Hecla Mining Co.
  73,348   404,881
 
Huntsman Corp.
  219,652   4,063,562
 
Innospec, Inc.
  24,133   1,814,078
 
International Flavors & Fragrances, Inc.
  12,728   1,603,092
 
International Paper Co.
  237,550   8,264,364
 
Kaiser Aluminum Corp.
  27,181   1,683,863
*
Kraton Corp.
  18,082   237,778
#
Kronos Worldwide, Inc.
  2,217   24,919
 
Linde P.L.C.
  47,639   11,676,795
 
Louisiana-Pacific Corp.
  173,457   5,493,383
*
LSB Industries, Inc.
  1,758   1,846
 
LyondellBasell Industries NV, Class A
  23,284   1,455,716
 
Martin Marietta Materials, Inc.
  23,633   4,896,285
 
Materion Corp.
  19,190   1,101,890
 
Mercer International, Inc.
  21,725   161,851
 
Minerals Technologies, Inc.
  34,280   1,607,046
 
Myers Industries, Inc.
  22,700   341,862
 
Neenah, Inc.
  7,684   342,783
 
Newmont Corp.
  502,635   34,782,342
 
Northern Technologies International Corp.
  6,070   52,384
 
Nucor Corp.
  164,456   6,898,929
#
Olin Corp.
  186,712   2,098,643
 
Olympic Steel, Inc.
  9,986   105,652
 
Packaging Corp. of America
  15,471   1,487,073
 
PH Glatfelter Co.
  43,300   689,769
*
PQ Group Holdings, Inc.
  2,829   34,712
 
Rayonier Advanced Materials, Inc.
  3,100   9,021
 
Reliance Steel & Aluminum Co.
  93,801   9,216,886
*
Resolute Forest Products, Inc.
  46,500   140,895
 
Royal Gold, Inc.
  28,500   3,988,005
*
Ryerson Holding Corp.
  10,600   59,678
#
Schnitzer Steel Industries, Inc., Class A
  400   7,360
 
Schweitzer-Mauduit International, Inc.
  31,500   1,024,695
 
Sensient Technologies Corp.
  38,101   1,989,253
 
Silgan Holdings, Inc.
  5,100   195,075
 
Sonoco Products Co.
  80,873   4,184,369
 
Steel Dynamics, Inc.
  215,469   5,906,005
 
Stepan Co.
  22,152   2,418,998
*
Summit Materials, Inc., Class A
  95,498   1,405,731
# *
Synalloy Corp.
  949   6,738
# *
TimkenSteel Corp.
  20,188   74,090
*
Trecora Resources
  10,776   61,962
 
Tredegar Corp.
  26,545   421,535
#
Trinseo SA
  39,519   857,562
# *
Tronox Holdings P.L.C., Class A
  64,513   491,589
*
UFP Technologies, Inc.
  339   14,624
 
United States Lime & Minerals, Inc.
  2,500   225,525
*
Universal Stainless & Alloy Products, Inc.
  6,269   45,074
# *
US Concrete, Inc.
  4,591   113,949
 
Valvoline, Inc.
  204,538   4,197,120
 
Verso Corp., Class A
  2,361   28,828
 
Vulcan Materials Co.
  58,246   6,839,245
#
Westlake Chemical Corp.
  158,152   8,619,284
 
WestRock Co.
  162,029   4,352,099
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
      Shares   Value†
MATERIALS — (Continued)
#
Worthington Industries, Inc.
  47,320   $1,770,714
TOTAL MATERIALS
      199,037,095
REAL ESTATE — (0.2%)
*
CBRE Group, Inc., Class A
  89,249   3,909,999
#
Griffin Industrial Realty, Inc.
  1,500   73,800
 
Jones Lang LaSalle, Inc.
  40,739   4,029,494
#
Kennedy-Wilson Holdings, Inc.
  96,704   1,435,087
 
Newmark Group, Inc., Class A
  28,647   116,593
*
Rafael Holdings, Inc., Class B
  550   7,684
 
RE/MAX Holdings, Inc., Class A
  3,800   123,006
# *
St Joe Co. (The)
  40,700   838,827
*
Stratus Properties, Inc.
  3,069   58,618
TOTAL REAL ESTATE
      10,593,108
UTILITIES — (0.1%)
 
MDU Resources Group, Inc.
  134,867   2,829,510
 
New Jersey Resources Corp.
  46,254   1,436,649
 
NRG Energy, Inc.
  55,469   1,875,407
#
Ormat Technologies, Inc.
  21,734   1,293,173
 
Vistra Corp.
  26,700   498,222
TOTAL UTILITIES
      7,932,961
TOTAL COMMON STOCKS
      5,738,137,874
RIGHTS/WARRANTS — (0.0%)
ENERGY — (0.0%)
# * »
Parker Drilling Co. Warrants 09/16/2024
  710   0
PREFERRED STOCKS — (0.0%)
INDUSTRIALS — (0.0%)
#
WESCO International, Inc.
  11,314   306,836
TOTAL INVESTMENT SECURITIES

(Cost $3,283,597,741)
      5,738,444,710
    
         
SECURITIES LENDING COLLATERAL — (2.1%)
@ §
The DFA Short Term Investment Fund
  10,659,142 123,336,938
TOTAL INVESTMENTS — (100.0%)  
(Cost $3,406,924,189)^^
    $5,861,781,648
    
P.L.C. Public Limited Company
SA Special Assessment
    
† See Security Valuation Note within the Notes to Schedules of Investments.
# Total or Partial Securities on Loan.
* Non-Income Producing Securities.
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
Summary of the Series' investments as of July 31, 2020, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Communication Services
$913,737,869   —   —   $913,737,869
Consumer Discretionary
358,572,496   $2,363   —   358,574,859
Consumer Staples
429,240,516   —   —   429,240,516
Energy
372,199,994   —   —   372,199,994
Financials
1,040,199,890   4,182   —   1,040,204,072
Health Care
1,104,496,638   —   —   1,104,496,638
Industrials
759,736,991   —   —   759,736,991
Information Technology
542,383,771   —   —   542,383,771
Materials
199,037,095   —   —   199,037,095
Real Estate
10,593,108   —   —   10,593,108
Utilities
7,932,961   —   —   7,932,961
Preferred Stocks              
Industrials
306,836   —   —   306,836
Securities Lending Collateral
—   123,336,938   —   123,336,938
TOTAL
$5,738,438,165   $123,343,483   —   $5,861,781,648
ORGANIZATION
The DFA Investment Trust Company (the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940. The Trust’s advisor is Dimensional Fund Advisors LP (the "Advisor"). At July 31, 2020, the Trust consisted of eleven operational portfolios, of which four (the "Series") are included in this document.
SECURITY VALUATION
The Series use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:
•    Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts)
•    Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
•    Level 3 - significant unobservable inputs (including the Series' own assumptions in determining the fair value of investments)
Securities held by the Domestic Equity Portfolios (The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series) and the International Equity Portfolios (The DFA International Value Series and The Emerging Markets Series) including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Advisor) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the International Equity Portfolios has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series' investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:
1.    FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific types of derivative instruments used by the Series:
2.    FUTURES CONTRACTS: The Series listed below may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded to a broker. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At July 31, 2020, the total cost of securities for federal income tax purposes was:
  Federal
Tax Cost
The U.S. Large Cap Value Series
$19,049,478
The DFA International Value Series
11,889,275
The Emerging Markets Series
4,262,479
The Tax-Managed U.S. Marketwide Value Series
3,406,924
RECENTLY ISSUED ACCOUNTING STANDARDS
In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Trust's adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.
In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurements” (“ASU 2018-13”). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Series' early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of April 30, 2020.
In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.
OTHER
The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.
The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "District Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and Tribune’s subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by the trustee of a litigation trust (the “Trustee”) to whom Tribune’s committee of unsecured creditors assigned claims (the “Committee Action,” and with the Individual Creditor Actions, collectively referred to as the “Tribune Lawsuits”). The Tribune Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO.
On September 23, 2013, the District Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lacked standing to pursue their claims. The parties appealed the District Court’s dismissal order to the United States Court of Appeals for the Second Circuit (the “Second Circuit”), and on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs filed a petition for certiorari with the Supreme Court of the United States (the "Supreme Court"), seeking review of the Second Circuit’s ruling. Thereafter, the individual creditor plaintiffs moved the Second Circuit to review its prior ruling in light of the Supreme Court’s decision in MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC., 138 S.Ct. 883 (2018) (“Merit Mgmt.”), which addressed the scope of the Bankruptcy Code’s safe harbor for securities transactions. The Second Circuit agreed to review the matter and withdrew its mandate with respect to the affirmance of the dismissal order. Consequently, the Supreme Court dismissed the individual creditor plaintiffs’ petition for certiorari. On December 19, 2019, the Second Circuit again affirmed the District Court’s dismissal of the Individual Creditor Actions on the grounds that the individual creditor plaintiffs’ claims are preempted and barred by the Bankruptcy Code’s safe harbor for securities transactions. The individual creditor plaintiffs moved the Second Circuit for rehearing, which the Second Circuit denied. It is expected that the individual creditor plaintiffs again will petition the Supreme Court for certiorari.
On January 6, 2017, the District Court granted the shareholder defendants’ motion to dismiss the claims against them in the Committee Action. The Trustee moved for leave from the District Court to file an amended complaint to assert new constructive fraudulent transfer claims against the shareholder defendants in light of the Merit Mgmt. decision. The District Court denied the motion, ruling that the proposed amendment would unduly prejudice the shareholder defendants and would be futile because the Trustee’s proposed constructive fraudulent transfer claims would be barred by the Bankruptcy Code’s safe harbor for securities transactions, notwithstanding the Merit Mgmt. decision. The Trustee appealed the District Court’s dismissal order and order denying the Trustee’s motion for leave to amend to the Second Circuit. The Second Circuit appeal is fully-briefed, and the parties await the scheduling of oral argument.
Litigation counsel to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Tribune Lawsuits has advised management that it does not believe that it is possible to predict with any reasonable certainty the probable outcome of the Tribune Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Tribune Lawsuits. Until The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made relating to the Tribune Lawsuits. However, even if the plaintiffs in the Tribune Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series at this time.
The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series also cannot quantify the cost of the Tribune Lawsuits that could potentially be deducted from their respective net asset values. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Tribune Lawsuits. The attorneys’ fees and costs relating to the Tribune Lawsuits will be borne by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expenses incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series.
SUBSEQUENT EVENT EVALUATIONS
Management has evaluated the impact of all subsequent events on the Series through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the Schedules of Investments.
The continued worldwide spread of novel coronavirus (or COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. If market expectations about the impact of COVID-19 worsen, or if expected returns change because investors demand higher returns to invest in these uncertain times, this could have a detrimental impact on returns in the near term.