NPORT-EX 2 ITCedgar.htm EX
THE DFA INVESTMENT TRUST COMPANY
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES
Schedules of Investments
Investment Abbreviations
P.L.C. Public Limited Company
ADR American Depositary Receipt
SA Special Assessment
ST Special Tax
CP Certificate Participation
GDR Global Depositary Receipt
    
Investment Footnotes
† 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.
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
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
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
The U.S. Large Cap 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
$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
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
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 Japanese Small Company Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
    
      Shares   Value»
COMMON STOCKS — (97.6%)
COMMUNICATION SERVICES — (2.8%)
 
Adways, Inc.
  22,400   $65,586
#
Aeria, Inc.
  15,800   65,174
 
Akatsuki, Inc.
  30,200   1,055,328
#*
AlphaPolis Co., Ltd.
  10,700   279,944
 
Amuse, Inc.
  7,400   130,693
#
AOI TYO Holdings, Inc.
  147,231   514,620
 
Asahi Broadcasting Group Holdings Corp.
  63,800   431,018
#
Asahi Net, Inc.
  102,300   1,047,419
 
Ateam, Inc.
  77,600   617,268
*
Atrae, Inc.
  33,000   827,641
 
Avex, Inc.
  244,400   1,959,545
#*
Bengo4.com, Inc.
  20,500   1,807,809
*
Broadmedia Corp.
  55,200   55,955
 
Ceres, Inc.
  24,900   278,956
 
Daiichikosho Co., Ltd.
  39,100   1,053,728
 
DeNA Co., Ltd.
  115,900   1,307,451
 
Dip Corp.
  197,100   3,709,235
*
Drecom Co., Ltd.
  13,400   90,469
*
eBook Initiative Japan Co., Ltd.
  14,200   504,530
#
Extreme Co., Ltd.
  17,300   221,297
#
Faith, Inc.
  58,110   371,487
 
FAN Communications, Inc.
  328,900   1,318,580
 
Fibergate, Inc.
  3,000   57,545
 
Freebit Co., Ltd.
  55,300   391,771
#*
GA Technologies Co., Ltd.
  800   48,245
 
Gakken Holdings Co., Ltd.
  133,000   1,700,067
#
Gree, Inc.
  857,200   3,533,662
 
GungHo Online Entertainment, Inc.
  132,800   2,441,575
 
Gurunavi, Inc.
  187,900   808,366
#
Imagica Group, Inc.
  118,100   376,087
 
Intage Holdings, Inc.
  226,700   1,848,401
 
Internet Initiative Japan, Inc.
  178,300   6,329,550
 
ITmedia, Inc.
  30,000   511,592
*
Itokuro, Inc.
  54,600   548,471
 
Kadokawa Corp.
  264,516   5,412,614
 
Kamakura Shinsho, Ltd.
  61,100   444,329
*
KLab, Inc.
  141,900   853,151
 
LIFULL Co., Ltd.
  327,500   1,257,313
 
Macromill, Inc.
  261,900   1,748,840
#
MarkLines Co., Ltd.
  67,000   1,456,725
 
Marvelous, Inc.
  226,600   1,392,266
#
Members Co., Ltd.
  45,500   556,436
 
Mixi, Inc.
  253,400   4,948,929
#*
Mobile Factory, Inc.
  10,500   112,416
 
MTI, Ltd.
  155,800   1,204,605
 
Okinawa Cellular Telephone Co.
  84,000   3,362,821
*
PR Times, Inc.
  600   21,377
 
Proto Corp.
  162,500   1,603,816
#*
Shobunsha Holdings, Inc.
  223,100   895,967
 
SKY Perfect JSAT Holdings, Inc.
  923,100   3,396,878
 
SoldOut, Inc.
  6,300   103,708
*
Synchro Food Co., Ltd.
  41,100   112,597
 
Toei Animation Co., Ltd.
  21,200   1,091,149
 
Toei Co., Ltd.
  11,400   1,515,128
The Japanese Small Company Series
CONTINUED
      Shares   Value»
COMMUNICATION SERVICES — (Continued)
 
Tohokushinsha Film Corp.
  90,500   $520,740
#
Tokyu Recreation Co., Ltd.
  19,600   757,784
#
Tow Co., Ltd.
  272,000   676,028
 
TV Asahi Holdings Corp.
  32,600   445,805
 
Tv Tokyo Holdings Corp.
  92,600   1,922,769
 
Usen-Next Holdings Co., Ltd.
  52,500   569,957
 
ValueCommerce Co., Ltd.
  113,500   3,362,446
#
V-Cube, Inc.
  80,700   972,006
*
Vector, Inc.
  192,300   1,328,731
*
Vision, Inc.
  121,300   673,934
 
Wowow, Inc.
  41,300   961,492
 
Zenrin Co., Ltd.
  233,550   2,292,212
 
ZIGExN Co., Ltd.
  403,500   1,085,120
TOTAL COMMUNICATION SERVICES
      83,369,154
CONSUMER DISCRETIONARY — (16.3%)
 
Adastria Co., Ltd.
  165,140   2,263,923
#*
Adventure, Inc.
  8,800   252,851
 
Aeon Fantasy Co., Ltd.
  48,932   632,788
 
Ahresty Corp.
  158,000   457,832
#*
Aigan Co., Ltd.
  60,800   115,622
 
Ainavo Holdings Co., Ltd.
  5,600   42,623
 
Aisan Industry Co., Ltd.
  231,400   963,621
*
Akebono Brake Industry Co., Ltd.
  225,300   328,440
#
Alleanza Holdings Co., Ltd.
  88,400   1,153,709
 
Alpen Co., Ltd.
  116,700   1,637,091
 
Alpha Corp.
  46,400   385,805
 
Amiyaki Tei Co., Ltd.
  28,800   688,897
 
AOKI Holdings, Inc.
  260,400   1,339,985
 
Aoyama Trading Co., Ltd.
  289,500   1,556,220
 
Arata Corp.
  91,700   4,349,327
 
Arcland Sakamoto Co., Ltd.
  185,600   3,439,778
 
Arcland Service Holdings Co., Ltd.
  77,100   1,301,212
 
Asahi Co., Ltd.
  102,000   1,567,320
 
Asante, Inc.
  49,700   655,129
 
Ashimori Industry Co., Ltd.
  29,499   247,191
 
Asics Corp.
  10,400   116,025
 
ASKUL Corp.
  77,300   2,342,274
#
Asti Corp.
  19,400   219,030
#
Atom Corp.
  682,500   4,794,732
 
Atsugi Co., Ltd.
  106,100   533,442
*
Aucfan Co., Ltd.
  3,100   27,650
#*
Aucnet, Inc.
  28,200   304,341
 
Autobacs Seven Co., Ltd.
  505,500   5,889,701
 
Avantia Co., Ltd.
  74,800   612,193
 
Baroque Japan, Ltd.
  91,600   503,707
*
Beaglee, Inc.
  35,300   724,937
 
Beauty Garage, Inc.
  18,600   315,868
 
Beenos, Inc.
  7,100   78,990
 
Belluna Co., Ltd.
  350,500   2,506,146
 
Bic Camera, Inc.
  330,600   3,331,286
#
Bookoff Group Holdings, Ltd.
  68,800   490,501
#
BRONCO BILLY Co., Ltd.
  68,200   1,247,038
 
Can Do Co., Ltd.
  66,700   1,478,281
 
Central Automotive Products, Ltd.
  82,500   1,662,053
 
Central Sports Co., Ltd.
  45,800   868,434
#
Chikaranomoto Holdings Co., Ltd.
  35,400   191,161
 
CHIMNEY Co., Ltd.
  36,800   382,609
 
Chiyoda Co., Ltd.
  123,100   1,176,407
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
 
Chofu Seisakusho Co., Ltd.
  134,000   $2,750,646
*
Choushimaru Co., Ltd.
  7,600   65,064
 
Chuo Spring Co., Ltd.
  19,500   447,595
 
Cleanup Corp.
  142,100   702,309
#
Colowide Co., Ltd.
  351,400   3,940,527
 
Corona Corp.
  102,800   957,270
#
Create Restaurants Holdings, Inc.
  587,100   2,848,920
*
Curves Holdings Co., Ltd.
  253,600   1,232,787
 
Daido Metal Co., Ltd.
  278,500   1,294,443
 
Daidoh, Ltd.
  97,800   175,540
 
Daikoku Denki Co., Ltd.
  57,800   644,072
 
Daikyonishikawa Corp.
  268,300   1,133,408
 
Dainichi Co., Ltd.
  68,900   433,849
#
DCM Holdings Co., Ltd.
  713,300   8,959,304
#
DD Holdings Co., Ltd.
  58,200   321,574
*
Descente, Ltd.
  177,200   2,874,046
 
Doshisha Co., Ltd.
  161,800   2,559,269
 
Doutor Nichires Holdings Co., Ltd.
  189,786   2,526,415
 
Dynic Corp.
  36,400   252,305
 
Eagle Industry Co., Ltd.
  182,900   1,086,647
#
EAT&Co, Ltd.
  33,000   531,772
#
EDION Corp.
  541,600   5,218,403
 
Enigmo, Inc.
  147,600   1,893,958
 
ES-Con Japan, Ltd.
  179,200   1,173,616
 
Eslead Corp.
  52,100   595,067
 
ESTELLE Holdings Co., Ltd.
  12,600   73,952
 
Exedy Corp.
  189,100   2,335,125
 
FCC Co., Ltd.
  237,200   3,670,705
 
Felissimo Corp.
  17,800   173,540
 
Fields Corp.
  119,200   365,041
 
Fine Sinter Co., Ltd.
  10,300   155,601
 
First Juken Co., Ltd.
  42,500   359,287
#
First-corp, Inc.
  45,300   243,127
#
FJ Next Co., Ltd.
  113,300   853,396
 
Foster Electric Co., Ltd.
  140,700   1,348,732
 
France Bed Holdings Co., Ltd.
  153,900   1,178,514
 
F-Tech, Inc.
  90,700   370,598
#
Fuji Co., Ltd.
  127,700   2,184,794
 
Fuji Corp.
  38,000   700,083
 
Fuji Corp., Ltd.
  177,600   805,623
#
Fuji Kyuko Co., Ltd.
  61,300   1,637,703
 
Fujibo Holdings, Inc.
  67,500   1,968,913
 
Fujikura Composites, Inc.
  131,300   426,322
#
Fujio Food Group, Inc.
  100,600   1,114,264
 
Fujishoji Co., Ltd.
  55,100   357,283
#
Fujita Kanko, Inc.
  44,200   573,893
 
Fujitsu General, Ltd.
  151,200   3,705,643
 
FuKoKu Co., Ltd.
  67,200   396,748
*
Funai Electric Co., Ltd.
  135,600   624,634
 
Furukawa Battery Co., Ltd. (The)
  101,100   1,004,197
 
Furyu Corp.
  100,400   868,807
 
Futaba Industrial Co., Ltd.
  378,700   1,479,860
#
Gakkyusha Co., Ltd.
  50,900   489,611
 
Genki Sushi Co., Ltd.
  37,200   680,156
 
Geo Holdings Corp.
  222,600   3,036,349
#
Gfoot Co., Ltd.
  87,000   409,421
 
GLOBERIDE, Inc.
  56,099   1,012,521
*
Gokurakuyu Holdings Co., Ltd.
  74,400   219,840
#
Golf Digest Online, Inc.
  61,600   252,609
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
#
Greens Co., Ltd.
  28,000   $104,042
#
GSI Creos Corp.
  31,592   338,068
 
G-Tekt Corp.
  147,400   1,223,124
 
Gunze, Ltd.
  110,200   4,008,688
 
H2O Retailing Corp.
  390,800   2,251,194
 
Hagihara Industries, Inc.
  84,800   1,075,917
#
Hakuyosha Co., Ltd.
  12,900   315,583
#
Hamee Corp.
  36,100   680,507
 
Handsman Co., Ltd.
  39,600   568,202
 
Happinet Corp.
  106,900   1,130,815
 
Harada Industry Co., Ltd.
  23,300   189,917
 
Hard Off Corp. Co., Ltd.
  67,300   423,725
 
Haruyama Holdings, Inc.
  54,800   357,474
 
Heian Ceremony Service Co., Ltd.
  8,300   65,340
 
Heiwa Corp.
  37,700   631,650
#
Hiday Hidaka Corp.
  160,265   2,228,459
 
HI-LEX Corp.
  115,600   1,196,903
#
Himaraya Co., Ltd.
  32,100   244,460
 
Hinokiya Group Co., Ltd.
  42,000   579,297
*
Hiramatsu, Inc.
  104,300   153,108
#
HIS Co., Ltd.
  173,400   2,042,899
 
H-One Co., Ltd.
  138,800   630,637
 
Honeys Holdings Co., Ltd.
  147,340   1,435,772
 
Hoosiers Holdings
  294,400   1,452,498
#
Hotland Co., Ltd.
  41,100   367,872
 
House Do Co., Ltd.
  28,700   208,470
#
HUB Co., Ltd.
  27,300   136,873
 
I K K, Inc.
  56,900   252,734
#
IBJ, Inc.
  86,800   469,325
#
Ichibanya Co., Ltd.
  101,858   4,492,432
 
Ichikoh Industries, Ltd.
  162,000   690,444
 
IDOM, Inc.
  399,100   1,835,582
 
IJTT Co., Ltd.
  163,680   670,535
 
Imasen Electric Industrial
  118,700   753,363
*
Izuhakone Railway Co., Ltd.
  300   0
 
J Front Retailing Co., Ltd.
  101,300   585,793
 
Janome Sewing Machine Co., Ltd.
  104,900   436,171
#
Japan Best Rescue System Co., Ltd.
  114,400   793,128
 
Japan Wool Textile Co., Ltd. (The)
  360,200   3,097,529
#
JFLA Holdings, Inc.
  106,300   336,501
 
JINS Holdings, Inc.
  82,900   5,627,366
#
Joban Kosan Co., Ltd.
  46,199   543,359
 
Joshin Denki Co., Ltd.
  117,600   2,268,716
 
Joyful Honda Co., Ltd.
  15,000   216,598
 
JP-Holdings, Inc.
  339,700   808,754
 
JVCKenwood Corp.
  747,400   945,169
*
Kappa Create Co., Ltd.
  79,600   962,737
 
Kasai Kogyo Co., Ltd.
  177,900   650,381
 
Kawai Musical Instruments Manufacturing Co., Ltd.
  34,000   771,904
 
Keihin Corp.
  340,100   8,138,396
 
Keiyo Co., Ltd.
  259,500   2,263,498
 
KFC Holdings Japan, Ltd.
  69,400   1,754,384
 
King Co., Ltd.
  54,100   273,757
 
Kintetsu Department Store Co., Ltd.
  53,900   1,271,981
 
Ki-Star Real Estate Co., Ltd.
  50,600   852,450
#*
KNT-CT Holdings Co., Ltd.
  57,800   413,961
 
Kohnan Shoji Co., Ltd.
  152,700   5,698,109
#
Kojima Co., Ltd.
  189,400   978,248
 
Komatsu Matere Co., Ltd.
  214,100   1,403,763
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
 
KOMEDA Holdings Co., Ltd.
  327,900   $5,151,621
 
Komehyo Co., Ltd.
  43,600   267,642
 
Komeri Co., Ltd.
  210,400   6,622,577
 
Konaka Co., Ltd.
  168,606   419,231
#
Koshidaka Holdings Co., Ltd.
  188,000   593,310
 
Kourakuen Holdings Corp.
  72,000   949,682
 
KU Holdings Co., Ltd.
  118,500   934,067
 
Kura Sushi, Inc.
  66,900   2,768,367
 
Kurabo Industries, Ltd.
  125,400   2,337,503
 
Kushikatsu Tanaka Holdings Co.
  8,000   87,642
*
KYB Corp.
  143,500   2,363,867
#
Kyoritsu Maintenance Co., Ltd.
  156,262   4,331,055
#*
Laox Co., Ltd.
  94,000   121,683
 
LEC, Inc.
  156,800   2,279,127
*
Litalico, Inc.
  42,200   819,958
 
Look Holdings, Inc.
  24,200   148,014
 
Mamiya-Op Co., Ltd.
  31,100   198,998
 
Mars Group Holdings Corp.
  87,100   1,228,175
#
Maruzen CHI Holdings Co., Ltd.
  106,300   364,511
 
Matsuyafoods Holdings Co., Ltd.
  61,200   1,863,802
 
Media Do Co., Ltd.
  32,700   1,851,879
#
Meiko Network Japan Co., Ltd.
  134,900   892,399
 
Meiwa Estate Co., Ltd.
  78,000   272,998
#
Mikuni Corp.
  160,200   383,685
*
Mitsuba Corp.
  219,790   687,565
 
Mizuno Corp.
  121,300   2,021,663
#
Monogatari Corp. (The)
  33,400   2,286,158
 
Morito Co., Ltd.
  105,900   575,587
 
MrMax Holdings, Ltd.
  158,200   1,186,840
 
Murakami Corp.
  30,200   648,861
 
Musashi Seimitsu Industry Co., Ltd.
  328,000   2,435,790
 
Nafco Co., Ltd.
  50,300   876,363
 
Nagase Brothers, Inc.
  200   10,479
 
Nagawa Co., Ltd.
  44,300   3,169,067
#
Nakayamafuku Co., Ltd.
  74,400   320,675
#
New Art Holdings Co., Ltd.
  8,934   51,264
 
Nextage Co., Ltd.
  193,700   1,734,662
 
NHK Spring Co., Ltd.
  453,200   2,550,425
 
Nichirin Co., Ltd.
  62,260   722,931
 
Nihon House Holdings Co., Ltd.
  283,600   626,280
 
Nihon Plast Co., Ltd.
  111,400   398,188
 
Nihon Tokushu Toryo Co., Ltd.
  80,800   723,179
 
Nikki Co., Ltd.
  2,100   37,146
 
Nippon Felt Co., Ltd.
  84,000   355,471
 
Nippon Piston Ring Co., Ltd.
  46,000   484,655
 
Nippon Seiki Co., Ltd.
  342,200   3,844,086
 
Nishikawa Rubber Co., Ltd.
  32,400   370,595
#
Nishimatsuya Chain Co., Ltd.
  317,300   3,200,223
 
Nissan Shatai Co., Ltd.
  508,100   3,779,064
 
Nissan Tokyo Sales Holdings Co., Ltd.
  171,800   387,749
 
Nissin Kogyo Co., Ltd.
  316,900   6,552,484
 
Nittan Valve Co., Ltd.
  93,500   185,820
 
Nojima Corp.
  217,600   5,455,576
 
Ohashi Technica, Inc.
  71,700   999,088
 
Ohsho Food Service Corp.
  88,700   4,229,844
*
Oisix ra daichi, Inc.
  63,300   1,280,781
 
Onward Holdings Co., Ltd.
  656,600   1,612,512
#
Ootoya Holdings Co., Ltd.
  40,200   1,060,622
#*
Open Door, Inc.
  53,800   487,363
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
#
Ozu Corp.
  19,000   $304,804
 
Pacific Industrial Co., Ltd.
  323,600   2,374,400
 
PAL GROUP Holdings Co., Ltd.
  146,800   1,511,711
#
PAPYLESS Co., Ltd.
  34,600   857,343
 
Paris Miki Holdings, Inc.
  161,000   393,587
 
PC Depot Corp.
  209,781   1,255,759
 
People Co., Ltd.
  14,600   108,545
#*
Pepper Food Service Co., Ltd.
  59,000   229,221
#
PIA Corp.
  30,600   719,904
 
Piolax, Inc.
  207,700   2,865,404
 
Plenus Co., Ltd.
  52,900   808,202
 
Press Kogyo Co., Ltd.
  636,000   1,647,365
 
Pressance Corp.
  241,700   2,655,364
*
QB Net Holdings Co., Ltd.
  5,000   81,180
#
Raccoon Holdings, Inc.
  90,200   999,240
 
Regal Corp.
  1,500   31,191
 
Renaissance, Inc.
  87,900   626,553
 
Resorttrust, Inc.
  440,600   4,921,377
 
Rhythm Watch Co., Ltd.
  52,000   291,836
#
Riberesute Corp.
  49,800   321,897
 
Ride On Express Holdings Co., Ltd.
  52,900   1,249,515
#*
Right On Co., Ltd.
  103,825   527,089
 
Riken Corp.
  60,100   1,471,517
#
Ringer Hut Co., Ltd.
  137,700   2,745,426
 
Riso Kyoiku Co., Ltd.
  626,300   1,792,994
#
Round One Corp.
  455,500   2,711,023
#
Royal Holdings Co., Ltd.
  179,100   2,530,350
#*
Royal Hotel, Ltd. (The)
  2,100   22,940
 
Sac's Bar Holdings, Inc.
  136,450   612,575
 
Saizeriya Co., Ltd.
  201,200   3,135,084
 
Sakai Ovex Co., Ltd.
  32,199   663,943
 
San Holdings, Inc.
  62,200   653,395
#*
Sanden Holdings Corp.
  100,200   246,906
 
Sanei Architecture Planning Co., Ltd.
  62,600   706,784
 
Sangetsu Corp.
  318,650   4,358,585
 
Sankyo Co., Ltd.
  4,100   102,563
 
Sankyo Seiko Co., Ltd.
  252,500   994,208
#
Sanoh Industrial Co., Ltd.
  157,800   910,954
 
Sanyei Corp.
  4,300   89,056
 
Sanyo Electric Railway Co., Ltd.
  121,198   2,412,688
 
Sanyo Shokai, Ltd.
  73,599   385,230
 
Scroll Corp.
  198,700   1,042,854
 
Seiko Holdings Corp.
  170,282   2,330,904
 
Seiren Co., Ltd.
  346,500   3,996,244
#*
Senshukai Co., Ltd.
  193,500   617,177
 
SFP Holdings Co., Ltd.
  61,800   708,601
#*
Shidax Corp.
  143,400   284,747
 
Shikibo, Ltd.
  65,500   625,816
 
Shimachu Co., Ltd.
  259,400   7,058,879
 
Shimojima Co., Ltd.
  46,100   501,678
 
Shoei Co., Ltd.
  165,100   4,399,129
 
Showa Corp.
  399,000   8,432,707
*
Silver Life Co., Ltd.
  2,000   35,434
#
Snow Peak, Inc.
  65,500   704,440
 
SNT Corp.
  218,700   433,944
 
Soft99 Corp.
  83,400   645,308
 
Sotoh Co., Ltd.
  47,400   425,198
 
Space Value Holdings Co., Ltd.
  213,600   661,408
 
SPK Corp.
  45,400   576,131
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
#*
SRS Holdings Co., Ltd.
  132,600   $1,033,250
 
St Marc Holdings Co., Ltd.
  110,700   1,529,020
 
Step Co., Ltd.
  62,400   853,511
#
Studio Alice Co., Ltd.
  62,400   838,801
 
Suminoe Textile Co., Ltd.
  34,700   542,193
 
Sumitomo Riko Co., Ltd.
  272,200   1,273,817
 
Suncall Corp.
  132,600   467,778
 
Syuppin Co., Ltd.
  124,400   727,002
 
T RAD Co., Ltd.
  43,600   543,140
 
Tachikawa Corp.
  69,800   761,786
 
Tachi-S Co., Ltd.
  202,840   1,616,663
 
Taiho Kogyo Co., Ltd.
  115,900   548,779
#
Takashimaya Co., Ltd.
  701,000   4,665,542
 
Take And Give Needs Co., Ltd.
  65,910   298,563
 
Takihyo Co., Ltd.
  34,800   607,083
#
Tama Home Co., Ltd.
  91,000   939,449
 
Tamron Co., Ltd.
  114,800   1,824,754
 
Tbk Co., Ltd.
  155,300   621,646
#
Tear Corp.
  60,900   244,972
 
Temairazu, Inc.
  5,400   176,382
#
Tenpos Holdings Co., Ltd.
  27,600   477,261
 
T-Gaia Corp.
  141,900   2,550,028
#
Tigers Polymer Corp.
  86,100   355,975
 
Toa Corp.
  171,700   1,083,571
 
Toabo Corp.
  45,799   187,227
 
Tokai Rika Co., Ltd.
  322,000   4,027,391
 
Token Corp.
  50,150   3,187,579
*
Tokyo Base Co., Ltd.
  109,300   282,710
#
Tokyo Dome Corp.
  537,700   3,217,787
 
Tokyo Individualized Educational Institute, Inc.
  78,300   364,311
 
Tokyo Radiator Manufacturing Co., Ltd.
  24,300   112,537
 
Tokyotokeiba Co., Ltd.
  76,000   2,976,948
 
Tomy Co., Ltd.
  590,693   4,431,993
 
Topre Corp.
  231,100   2,226,313
#
Toridoll Holdings Corp.
  303,400   3,171,094
#
Torikizoku Co., Ltd.
  27,900   327,179
 
Tosho Co., Ltd.
  110,400   1,084,016
 
Toyo Tire Corp
  445,400   5,926,275
 
TPR Co., Ltd.
  157,300   1,911,797
 
Treasure Factory Co., Ltd.
  10,300   65,832
 
TS Tech Co., Ltd.
  135,593   3,439,352
 
TSI Holdings Co., Ltd.
  387,195   1,089,967
 
Tsukada Global Holdings, Inc.
  95,600   199,101
 
Tsukamoto Corp. Co., Ltd.
  19,000   206,240
 
Tsutsumi Jewelry Co., Ltd.
  47,800   834,163
#*
Umenohana Co., Ltd.
  22,200   200,916
 
Unipres Corp.
  271,000   2,028,700
 
United Arrows, Ltd.
  146,600   1,935,359
*
Unitika, Ltd.
  265,600   798,284
*
Universal Entertainment Corp.
  47,300   832,732
*
VIA Holdings, Inc.
  144,500   380,069
*
Village Vanguard Co., Ltd.
  35,500   321,945
#*
Visionary Holdings Co., Ltd.
  50,109   136,668
 
VT Holdings Co., Ltd.
  563,100   1,666,722
 
Wacoal Holdings Corp.
  294,300   4,970,389
 
Waseda Academy Co., Ltd.
  30,400   267,786
#
WATAMI Co., Ltd.
  150,400   1,106,057
 
Watts Co., Ltd.
  52,100   492,920
#
Weds Co., Ltd.
  14,500   65,593
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
 
World Co., Ltd.
  13,100   $154,012
 
Xebio Holdings Co., Ltd.
  174,500   1,124,452
 
Yachiyo Industry Co., Ltd.
  48,800   174,131
 
Yagi & Co., Ltd.
  18,600   269,907
#
Yamato International, Inc.
  100,500   309,937
 
Yasunaga Corp.
  54,500   468,065
 
Yellow Hat, Ltd.
  235,600   3,092,348
 
Yomiuri Land Co., Ltd.
  28,200   885,907
 
Yondoshi Holdings, Inc.
  107,320   1,792,170
 
Yorozu Corp.
  139,500   1,333,281
#
Yoshinoya Holdings Co., Ltd.
  293,700   5,026,168
 
Yossix Co., Ltd.
  22,600   328,950
 
Yutaka Giken Co., Ltd.
  8,700   113,944
TOTAL CONSUMER DISCRETIONARY
      478,707,776
CONSUMER STAPLES — (8.2%)
#
Aeon Hokkaido Corp.
  223,800   1,587,289
 
AFC-HD AMS Life Science Co., Ltd.
  48,300   315,709
 
Albis Co., Ltd.
  38,700   911,028
 
Arcs Co., Ltd.
  283,700   6,582,365
 
Artnature, Inc.
  127,900   687,268
 
Axial Retailing, Inc.
  111,800   4,726,006
 
Belc Co., Ltd.
  73,500   5,294,766
#
Bourbon Corp.
  50,700   936,491
 
Bull-Dog Sauce Co., Ltd.
  3,000   32,501
 
Cawachi, Ltd.
  55,400   1,665,365
#
C'BON COSMETICS Co., Ltd.
  10,800   191,604
 
Chubu Shiryo Co., Ltd.
  157,900   2,438,962
 
Chuo Gyorui Co., Ltd.
  9,800   251,769
 
cocokara fine, Inc.
  134,660   7,328,047
 
Como Co., Ltd.
  2,600   59,301
#
Cota Co., Ltd.
  92,642   976,403
 
Create SD Holdings Co., Ltd.
  118,100   4,239,766
 
Daikokutenbussan Co., Ltd.
  38,800   2,202,469
 
Delica Foods Holdings Co., Ltd.
  66,700   390,229
#
DyDo Group Holdings, Inc.
  58,800   2,474,876
 
Earth Corp.
  34,700   2,383,134
 
Ebara Foods Industry, Inc.
  27,900   566,475
 
Eco's Co., Ltd.
  48,500   1,023,178
 
Ensuiko Sugar Refining Co., Ltd.
  86,200   171,810
 
Feed One Co., Ltd.
  792,440   1,522,151
*
First Baking Co., Ltd.
  12,000   104,923
#
Fujicco Co., Ltd.
  132,200   2,533,636
 
Fujiya Co., Ltd.
  67,800   1,322,215
 
G-7 Holdings, Inc.
  74,800   1,895,821
 
Genky DrugStores Co., Ltd.
  53,900   1,883,818
#
HABA Laboratories, Inc.
  16,100   599,546
 
Hagoromo Foods Corp.
  19,000   544,067
 
Halows Co., Ltd.
  55,900   1,898,552
 
Hayashikane Sangyo Co., Ltd.
  29,400   149,577
 
Heiwado Co., Ltd.
  210,100   3,957,811
 
Hokkaido Coca-Cola Bottling Co., Ltd.
  18,699   659,379
 
Hokuto Corp.
  155,200   3,067,064
 
Ichimasa Kamaboko Co., Ltd.
  37,500   342,710
 
Imuraya Group Co., Ltd.
  60,500   1,277,518
 
Inageya Co., Ltd.
  12,900   222,486
 
Itochu-Shokuhin Co., Ltd.
  36,700   1,670,033
 
Itoham Yonekyu Holdings, Inc.
  366,500   2,211,293
 
Iwatsuka Confectionery Co., Ltd.
  7,700   263,124
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER STAPLES — (Continued)
#
JM Holdings Co., Ltd.
  71,100   $2,475,127
 
J-Oil Mills, Inc.
  68,400   2,578,853
#
Kadoya Sesame Mills, Inc.
  15,600   549,742
 
Kakiyasu Honten Co., Ltd.
  56,900   1,318,823
 
Kameda Seika Co., Ltd.
  88,300   4,409,189
#
Kaneko Seeds Co., Ltd.
  41,300   548,903
 
Kansai Super Market, Ltd.
  89,900   1,053,448
 
Kato Sangyo Co., Ltd.
  166,700   5,244,075
 
Kenko Mayonnaise Co., Ltd.
  80,700   1,340,063
 
Key Coffee, Inc.
  4,900   93,567
 
Kirindo Holdings Co., Ltd.
  45,900   1,180,770
#
Kitanotatsujin Corp.
  258,100   1,146,949
#
Kotobuki Spirits Co., Ltd.
  71,000   2,123,626
 
Kyokuyo Co., Ltd.
  64,299   1,607,990
 
Lacto Japan Co., Ltd.
  30,600   999,132
 
Life Corp.
  97,900   4,556,245
 
Marudai Food Co., Ltd.
  140,400   2,381,701
 
Maruha Nichiro Corp.
  197,607   3,797,408
 
Maxvalu Tokai Co., Ltd.
  45,200   1,021,722
#
Medical System Network Co., Ltd.
  164,200   728,320
 
Megmilk Snow Brand Co., Ltd.
  277,400   6,285,726
 
Meito Sangyo Co., Ltd.
  64,800   825,653
 
Milbon Co., Ltd.
  154,752   7,061,312
 
Ministop Co., Ltd.
  98,700   1,351,525
 
Mitsubishi Shokuhin Co., Ltd.
  106,600   2,648,014
 
Mitsui Sugar Co., Ltd.
  110,870   2,014,701
 
Miyoshi Oil & Fat Co., Ltd.
  46,300   518,456
 
Morinaga Milk Industry Co., Ltd.
  179,200   8,364,943
#
Morozoff, Ltd.
  19,200   939,729
#
Nagatanien Holdings Co., Ltd.
  76,900   1,527,467
 
Nakamuraya Co., Ltd.
  28,700   1,072,450
 
Natori Co., Ltd.
  67,800   1,115,441
 
Nichimo Co., Ltd.
  17,000   294,630
 
Nihon Chouzai Co., Ltd.
  80,420   1,200,026
 
Niitaka Co., Ltd.
  2,860   80,713
 
Nippon Beet Sugar Manufacturing Co., Ltd.
  70,900   1,119,837
 
Nippon Flour Mills Co., Ltd.
  384,700   6,063,906
 
Nippon Suisan Kaisha, Ltd.
  1,794,300   7,527,683
 
Nishimoto Co., Ltd.
  13,300   233,266
 
Nisshin Oillio Group, Ltd. (The)
  177,600   5,382,081
 
Nissin Sugar Co., Ltd.
  108,400   1,801,059
 
Nitto Fuji Flour Milling Co., Ltd.
  8,100   460,690
 
Noevir Holdings Co., Ltd.
  52,200   2,160,160
 
Oenon Holdings, Inc.
  347,700   1,317,198
#
OIE Sangyo Co., Ltd.
  22,000   290,650
 
Okuwa Co., Ltd.
  163,400   2,277,930
 
Olympic Group Corp.
  52,200   474,613
#
OUG Holdings, Inc.
  19,800   500,209
 
Pickles Corp.
  23,800   597,141
 
Prima Meat Packers, Ltd.
  192,700   5,148,051
 
Qol Holdings Co., Ltd.
  165,300   1,612,792
#
Retail Partners Co., Ltd.
  107,600   2,167,753
 
Riken Vitamin Co., Ltd.
  152,200   3,180,939
#
Rock Field Co., Ltd.
  94,800   1,095,515
 
Rokko Butter Co., Ltd.
  82,400   1,204,208
 
S Foods, Inc.
  116,762   2,794,545
#
S&B Foods, Inc.
  42,798   1,777,634
#
Sagami Rubber Industries Co., Ltd.
  58,600   901,202
 
San-A Co., Ltd.
  114,500   4,317,790
The Japanese Small Company Series
CONTINUED
      Shares   Value»
CONSUMER STAPLES — (Continued)
 
Sapporo Holdings, Ltd.
  314,800   $5,421,166
 
Sato Foods Co., Ltd.
  800   29,559
 
Satudora Holdings Co., Ltd.
  1,300   23,506
 
Shinobu Foods Products Co., Ltd.
  1,600   8,706
 
Shoei Foods Corp.
  71,900   2,491,801
#
Showa Sangyo Co., Ltd.
  126,400   4,091,673
#
Soiken Holdings, Inc.
  24,200   116,544
 
ST Corp.
  13,800   267,895
 
Starzen Co., Ltd.
  45,700   1,634,580
 
Takara Holdings, Inc.
  98,100   845,478
#
Toho Co., Ltd.
  49,900   826,048
 
Tohto Suisan Co., Ltd.
  14,799   428,984
 
Torigoe Co., Ltd. (The)
  94,500   809,797
 
Toyo Sugar Refining Co., Ltd.
  15,600   175,855
 
Transaction Co., Ltd.
  89,700   900,612
 
United Super Markets Holdings, Inc.
  387,400   4,667,402
 
Valor Holdings Co., Ltd.
  257,500   5,591,148
 
Warabeya Nichiyo Holdings Co., Ltd.
  84,860   1,229,317
 
Watahan & Co., Ltd.
  48,700   1,004,952
 
Yaizu Suisankagaku Industry Co., Ltd.
  62,100   504,019
 
YAKUODO Holdings Co., Ltd.
  70,500   1,797,762
 
Yamami Co.
  1,200   25,138
 
YA-MAN, Ltd.
  149,500   1,352,997
 
Yamatane Corp.
  63,700   739,855
 
Yamaya Corp.
  25,600   473,767
 
Yamazawa Co., Ltd.
  11,800   187,617
 
Yokohama Reito Co., Ltd.
  328,000   2,610,562
 
Yomeishu Seizo Co., Ltd.
  49,900   829,018
#
Yuasa Funashoku Co., Ltd.
  14,300   399,416
 
Yutaka Foods Corp.
  3,900   61,111
TOTAL CONSUMER STAPLES
      241,972,111
ENERGY — (1.2%)
 
BP Castrol K.K.
  48,700   484,070
 
Cosmo Energy Holdings Co., Ltd.
  344,800   4,995,654
 
Fuji Kosan Co., Ltd.
  18,300   72,001
*
Fuji Oil Co., Ltd.
  355,100   518,114
 
Itochu Enex Co., Ltd.
  374,600   2,942,194
#
Iwatani Corp.
  244,000   8,617,802
 
Japan Oil Transportation Co., Ltd.
  16,500   477,546
 
Japan Petroleum Exploration Co., Ltd.
  234,700   3,811,839
 
Mitsuuroko Group Holdings Co., Ltd.
  207,300   2,083,627
#
Modec, Inc.
  128,800   1,718,062
 
Nippon Coke & Engineering Co., Ltd.
  978,100   557,164
 
Sala Corp.
  336,900   1,727,876
 
San-Ai Oil Co., Ltd.
  400,100   3,241,590
 
Sinanen Holdings Co., Ltd.
  52,000   1,410,571
 
Toa Oil Co., Ltd.
  47,000   842,086
 
Toyo Kanetsu K.K.
  53,100   987,455
TOTAL ENERGY
      34,487,651
FINANCIALS — (8.3%)
 
77 Bank, Ltd. (The)
  407,352   5,477,026
#
Advance Create Co., Ltd.
  32,800   589,228
 
Aichi Bank, Ltd. (The)
  60,500   1,524,558
#*
Aiful Corp.
  1,614,500   3,307,285
#
Aizawa Securities Co., Ltd.
  239,700   1,548,923
 
Akatsuki Corp.
  118,100   289,409
The Japanese Small Company Series
CONTINUED
      Shares   Value»
FINANCIALS — (Continued)
 
Akita Bank, Ltd. (The)
  112,740   $1,497,665
 
Aomori Bank, Ltd. (The)
  130,200   2,546,448
 
Asax Co., Ltd.
  9,300   57,654
 
Awa Bank, Ltd. (The)
  249,300   5,340,729
 
Bank of Iwate, Ltd. (The)
  108,800   2,515,006
#
Bank of Kochi, Ltd. (The)
  54,300   335,796
 
Bank of Nagoya, Ltd. (The)
  76,330   1,591,500
 
Bank of Okinawa, Ltd. (The)
  154,360   4,254,755
 
Bank of Saga, Ltd. (The)
  91,400   1,004,769
 
Bank of the Ryukyus, Ltd.
  237,880   1,971,980
#
Bank of Toyama, Ltd. (The)
  14,500   308,895
#
Casa, Inc.
  3,200   30,832
 
Chiba Kogyo Bank, Ltd. (The)
  403,000   811,493
 
Chugoku Bank, Ltd. (The)
  559,500   4,819,014
 
Chukyo Bank, Ltd. (The)
  72,800   1,297,116
 
Daishi Hokuetsu Financial Group, Inc.
  277,300   5,098,795
 
Daito Bank, Ltd. (The)
  65,900   361,406
 
eGuarantee, Inc.
  187,500   4,233,505
 
Ehime Bank, Ltd. (The)
  228,000   2,438,125
#
Entrust, Inc.
  28,900   229,170
 
FIDEA Holdings Co., Ltd.
  1,258,300   1,171,246
 
Financial Products Group Co., Ltd.
  301,800   1,355,829
 
First Bank of Toyama, Ltd. (The)
  294,300   721,897
#*
First Brothers Co., Ltd.
  31,900   221,442
 
Fukui Bank, Ltd. (The)
  156,800   2,273,065
 
Fukushima Bank, Ltd. (The)
  169,100   243,761
 
Fuyo General Lease Co., Ltd.
  129,200   7,313,517
 
GCA Corp.
  118,000   631,086
 
GMO Financial Holdings, Inc.
  252,300   1,560,165
 
Gunma Bank, Ltd. (The)
  1,786,640   5,631,098
 
Hachijuni Bank, Ltd. (The)
  638,800   2,373,159
#
Hirose Tusyo, Inc.
  20,800   388,318
 
Hiroshima Bank, Ltd. (The)
  1,301,600   5,982,006
 
Hokkoku Bank, Ltd. (The)
  157,800   4,121,873
 
Hokuhoku Financial Group, Inc.
  868,300   7,304,720
 
Hyakugo Bank, Ltd. (The)
  1,536,609   4,539,661
 
Hyakujushi Bank, Ltd. (The)
  161,000   2,584,920
 
Ichiyoshi Securities Co., Ltd.
  247,500   900,154
 
IwaiCosmo Holdings, Inc.
  127,900   1,447,110
 
Iyo Bank, Ltd. (The)
  891,118   5,272,096
#
J Trust Co., Ltd.
  458,400   1,015,237
 
Jaccs Co., Ltd.
  152,900   2,334,620
 
Jafco Co., Ltd.
  214,900   7,593,109
*
Japan Asia Investment Co., Ltd.
  93,300   174,166
#
Japan Investment Adviser Co., Ltd.
  70,300   524,237
 
Japan Securities Finance Co., Ltd.
  707,900   3,130,943
 
Jimoto Holdings, Inc.
  1,028,500   908,461
 
Juroku Bank, Ltd. (The)
  207,200   3,549,015
 
Kansai Mirai Financial Group, Inc.
  295,367   1,118,622
 
Keiyo Bank, Ltd. (The)
  735,500   3,328,051
 
Kita-Nippon Bank, Ltd. (The)
  52,006   808,967
 
Kiyo Bank, Ltd. (The)
  446,990   6,287,960
 
Kyokuto Securities Co., Ltd.
  155,800   811,052
 
Kyushu Financial Group, Inc.
  1,234,627   5,045,855
#
Kyushu Leasing Service Co., Ltd.
  34,000   164,874
*
M&A Capital Partners Co., Ltd.
  82,500   3,006,343
#
Marusan Securities Co., Ltd.
  390,600   1,476,449
#
Mercuria Investment Co., Ltd.
  70,500   385,021
#
Michinoku Bank, Ltd. (The)
  296,298   2,756,082
The Japanese Small Company Series
CONTINUED
      Shares   Value»
FINANCIALS — (Continued)
#
Mito Securities Co., Ltd.
  401,800   $736,200
 
Miyazaki Bank, Ltd. (The)
  110,900   2,361,503
 
Mizuho Leasing Co., Ltd.
  192,300   4,256,435
 
Monex Group, Inc.
  1,070,900   2,324,880
#
Money Partners Group Co., Ltd.
  149,100   269,494
 
Morningstar Japan KK
  11,800   45,007
 
Musashino Bank, Ltd. (The)
  211,200   2,855,821
 
Nagano Bank, Ltd. (The)
  57,299   572,513
 
Nanto Bank, Ltd. (The)
  198,900   3,592,154
 
NEC Capital Solutions, Ltd.
  63,500   1,060,134
#
NFC Holdings, Inc.
  4,200   98,533
 
Nishi-Nippon Financial Holdings, Inc.
  899,700   5,617,273
 
North Pacific Bank, Ltd.
  1,873,200   3,585,399
#*
OAK Capital Corp.
  319,800   276,994
 
Ogaki Kyoritsu Bank, Ltd. (The)
  254,600   5,000,474
 
Oita Bank, Ltd. (The)
  94,099   2,104,896
 
Okasan Securities Group, Inc.
  1,125,300   3,201,499
 
Orient Corp.
  110,300   106,327
 
Premium Group Co., Ltd.
  2,000   31,235
 
Ricoh Leasing Co., Ltd.
  98,600   2,494,674
 
San ju San Financial Group, Inc.
  126,510   1,500,082
 
San-In Godo Bank, Ltd. (The)
  1,005,900   4,703,720
#
Sawada Holdings Co., Ltd.
  152,200   1,294,481
 
Senshu Ikeda Holdings, Inc.
  1,638,200   2,412,136
 
Shiga Bank, Ltd. (The)
  313,200   6,839,834
 
Shikoku Bank, Ltd. (The)
  366,100   2,445,691
 
Shimizu Bank, Ltd. (The)
  54,600   773,979
 
Sparx Group Co., Ltd.
  621,600   1,115,831
 
Strike Co., Ltd.
  47,700   2,094,641
 
Suruga Bank, Ltd.
  202,600   681,908
 
Taiko Bank, Ltd. (The)
  41,800   493,071
 
Tochigi Bank, Ltd. (The)
  682,700   1,001,697
 
Toho Bank, Ltd. (The)
  1,318,300   2,764,797
 
Tohoku Bank, Ltd. (The)
  67,200   611,119
 
Tokai Tokyo Financial Holdings, Inc.
  1,358,100   2,932,485
 
Tokyo Kiraboshi Financial Group, Inc.
  192,238   1,971,624
 
Tomato Bank, Ltd.
  54,500   506,501
 
TOMONY Holdings, Inc.
  963,950   2,939,919
 
Tottori Bank, Ltd. (The)
  60,900   627,594
 
Towa Bank, Ltd. (The)
  184,000   1,107,459
 
Toyo Securities Co., Ltd.
  433,700   408,768
#*
Traders Holdings Co., Ltd.
  68,600   53,039
 
Tsukuba Bank, Ltd.
  402,600   611,704
 
Yamagata Bank, Ltd. (The)
  187,200   2,224,171
 
Yamaguchi Financial Group, Inc.
  1,109,872   6,553,651
 
Yamanashi Chuo Bank, Ltd. (The)
  222,400   1,658,952
TOTAL FINANCIALS
      244,857,568
HEALTH CARE — (4.6%)
 
Advantage Risk Management Co., Ltd.
  38,800   278,127
 
As One Corp.
  22,868   2,439,110
 
ASKA Pharmaceutical Co., Ltd.
  167,300   1,746,193
#
Biofermin Pharmaceutical Co., Ltd.
  28,700   629,153
 
BML, Inc.
  166,900   4,156,354
 
Carenet, Inc.
  25,600   416,050
#
Charm Care Corp. KK
  57,500   394,128
 
CMIC Holdings Co., Ltd.
  71,500   824,020
 
Create Medic Co., Ltd.
  38,700   351,134
 
Daiken Medical Co., Ltd.
  113,900   599,651
The Japanese Small Company Series
CONTINUED
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HEALTH CARE — (Continued)
 
Daito Pharmaceutical Co., Ltd.
  77,380   $2,295,238
#
Dvx, Inc.
  45,900   386,255
 
Eiken Chemical Co., Ltd.
  208,600   3,709,910
 
Elan Corp.
  86,100   1,453,240
 
EM Systems Co., Ltd.
  246,500   2,006,339
 
EPS Holdings, Inc.
  211,600   1,820,858
 
FALCO HOLDINGS Co., Ltd.
  58,400   790,069
 
FINDEX, Inc.
  94,500   844,412
 
Fuji Pharma Co., Ltd.
  101,600   1,012,315
 
Fukuda Denshi Co., Ltd.
  57,200   3,888,444
 
Fuso Pharmaceutical Industries, Ltd.
  46,100   991,965
 
H.U. Group Holdings, Inc.
  354,500   7,977,071
 
Hogy Medical Co., Ltd.
  84,200   2,537,699
#
I'rom Group Co., Ltd.
  31,800   628,028
 
Iwaki & Co., Ltd.
  167,800   715,677
*
Japan Animal Referral Medical Center Co., Ltd.
  9,600   179,020
 
Japan Lifeline Co., Ltd.
  407,500   5,051,231
 
Japan Medical Dynamic Marketing, Inc.
  103,600   1,526,132
 
Jeol, Ltd.
  254,400   7,117,130
 
JMS Co., Ltd.
  96,557   698,649
 
Kanamic Network Co., Ltd.
  106,000   901,142
 
Kawasumi Laboratories, Inc.
  92,980   692,170
 
Kissei Pharmaceutical Co., Ltd.
  185,500   3,877,822
 
KYORIN Holdings, Inc.
  269,500   4,895,790
 
Linical Co., Ltd.
  76,900   561,778
*
Medical Data Vision Co., Ltd.
  152,500   2,034,664
#
Medius Holdings Co., Ltd.
  67,100   600,215
 
Menicon Co., Ltd.
  179,200   8,718,725
 
Mizuho Medy Co., Ltd.
  22,400   230,246
 
Mochida Pharmaceutical Co., Ltd.
  1,298   47,978
#
N Field Co., Ltd.
  43,100   177,700
 
Nakanishi, Inc.
  166,000   2,623,428
 
NichiiGakkan Co., Ltd.
  249,800   3,652,348
 
Nichi-iko Pharmaceutical Co., Ltd.
  332,350   3,773,448
 
Nippon Chemiphar Co., Ltd.
  15,500   359,154
 
Nipro Corp.
  546,500   5,851,482
 
Nissui Pharmaceutical Co., Ltd.
  79,200   769,271
 
Paramount Bed Holdings Co., Ltd.
  141,300   6,024,048
 
Rion Co., Ltd.
  58,000   1,069,794
#
Seed Co., Ltd.
  74,200   443,094
 
Seikagaku Corp.
  257,300   2,440,561
 
Shin Nippon Biomedical Laboratories, Ltd.
  41,600   247,015
 
Shofu, Inc.
  69,200   882,002
 
Software Service, Inc.
  21,000   2,175,353
 
Solasto Corp.
  332,500   3,217,988
 
St-Care Holding Corp.
  87,200   340,412
 
Taiko Pharmaceutical Co., Ltd.
  52,300   1,146,884
 
Techno Medica Co., Ltd.
  13,800   227,392
 
Toho Holdings Co., Ltd.
  292,000   5,000,237
 
Tokai Corp.
  148,900   2,989,671
 
Torii Pharmaceutical Co., Ltd.
  105,000   3,359,140
 
Towa Pharmaceutical Co., Ltd.
  183,000   3,291,663
 
Tsukui Corp.
  361,400   1,556,777
 
Uchiyama Holdings Co., Ltd.
  11,300   29,700
#
UNIMAT Retirement Community Co., Ltd.
  27,300   248,598
#
Value HR Co., Ltd.
  46,400   568,762
 
Vital KSK Holdings, Inc.
  300,100   2,888,977
*
Wakamoto Pharmaceutical Co., Ltd.
  112,300   273,010
The Japanese Small Company Series
CONTINUED
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HEALTH CARE — (Continued)
 
WIN-Partners Co., Ltd.
  114,800   $994,394
TOTAL HEALTH CARE
      136,646,435
INDUSTRIALS — (28.9%)
 
A&A Material Corp.
  26,000   245,753
#
Abist Co., Ltd.
  19,600   477,176
 
Advan Co., Ltd.
  167,500   1,999,136
 
Advanex, Inc.
  19,999   252,838
 
Aeon Delight Co., Ltd.
  90,100   2,722,788
 
Aichi Corp.
  241,800   1,765,504
 
Aida Engineering, Ltd.
  347,900   2,177,663
 
Ajis Co., Ltd.
  31,200   693,253
 
Alconix Corp.
  156,000   1,792,311
#
Alinco, Inc.
  91,100   743,335
 
Alps Logistics Co., Ltd.
  111,600   754,181
 
Altech Co., Ltd.
  10,900   23,179
 
Altech Corp.
  116,370   1,942,704
 
Anest Iwata Corp.
  217,900   1,641,367
#*
Arrk Corp.
  532,000   515,172
 
Asahi Diamond Industrial Co., Ltd.
  367,300   1,548,886
 
Asahi Kogyosha Co., Ltd.
  28,800   792,598
 
Asanuma Corp.
  44,000   1,614,399
#
Asukanet Co., Ltd.
  56,500   738,596
 
Bando Chemical Industries, Ltd.
  245,300   1,406,377
 
BayCurrent Consulting, Inc.
  90,500   10,962,309
 
Bell System24 Holdings, Inc.
  235,600   3,837,471
 
BeNEXT Group, Inc.
  122,100   1,146,911
 
Br Holdings Corp.
  191,600   1,091,531
 
Bunka Shutter Co., Ltd.
  391,000   2,570,458
 
Canare Electric Co., Ltd.
  20,300   292,152
 
Career Design Center Co., Ltd.
  23,900   169,855
 
Central Glass Co., Ltd.
  237,500   4,296,681
 
Central Security Patrols Co., Ltd.
  57,500   1,771,673
#
Chilled & Frozen Logistics Holdings Co., Ltd., Class H
  109,900   1,622,856
 
Chiyoda Integre Co., Ltd.
  73,200   1,175,145
 
Chodai Co., Ltd.
  3,900   36,845
 
Chori Co., Ltd.
  80,000   1,070,176
 
Chudenko Corp.
  213,100   4,432,677
 
Chugai Ro Co., Ltd.
  37,400   537,214
 
Chuo Warehouse Co., Ltd.
  21,000   190,409
 
CKD Corp.
  10,300   198,751
 
CMC Corp.
  14,600   276,439
 
Comany, Inc.
  4,700   53,647
 
Cosel Co., Ltd.
  169,900   1,313,311
 
Creek & River Co., Ltd.
  57,400   600,905
 
CTI Engineering Co., Ltd.
  72,000   1,134,371
 
CTS Co., Ltd.
  176,900   1,268,336
 
Dai-Dan Co., Ltd.
  102,100   2,513,877
#
Daido Kogyo Co., Ltd.
  50,400   271,907
 
Daihatsu Diesel Manufacturing Co., Ltd.
  126,300   480,074
 
Daihen Corp.
  135,100   4,979,222
 
Daiho Corp.
  110,800   2,521,888
 
Dai-Ichi Cutter Kogyo K.K.
  22,000   485,331
 
Daiichi Jitsugyo Co., Ltd.
  58,500   1,950,802
 
Daiichi Kensetsu Corp.
  31,000   499,036
#
Daiki Axis Co., Ltd.
  41,900   295,447
 
Daiohs Corp.
  22,100   196,907
 
Daiseki Co., Ltd.
  256,863   5,529,385
#
Daiseki Eco. Solution Co., Ltd.
  11,759   71,275
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
 
Daisue Construction Co., Ltd.
  52,900   $397,020
 
Daiwa Industries, Ltd.
  228,400   1,788,858
 
Denyo Co., Ltd.
  114,400   2,097,208
#
DMG Mori Co., Ltd.
  673,200   7,229,810
 
DMW Corp.
  4,800   120,228
 
Duskin Co., Ltd.
  315,600   7,853,256
#
Ebara Jitsugyo Co., Ltd.
  39,900   1,081,729
 
Eidai Co., Ltd.
  198,200   519,255
 
Endo Lighting Corp.
  29,600   176,255
#
en-japan, Inc.
  58,600   1,411,120
 
Enshu, Ltd.
  30,699   260,884
 
EPCO Co., Ltd.
  20,200   202,189
 
ERI Holdings Co., Ltd.
  1,500   7,849
 
Escrow Agent Japan, Inc.
  136,700   374,008
 
F&M Co., Ltd.
  41,700   497,928
*
FDK Corp.
  47,198   371,011
#
Freund Corp.
  75,600   480,855
 
Fudo Tetra Corp.
  109,680   1,358,792
#
Fuji Corp.
  444,300   7,848,935
#
Fuji Die Co., Ltd.
  57,500   361,077
 
Fuji Furukawa Engineering & Construction Co., Ltd.
  1,200   20,872
 
Fujikura, Ltd.
  1,624,900   4,401,917
 
Fujimak Corp.
  12,600   75,659
 
Fujisash Co., Ltd.
  662,800   478,395
 
Fujitec Co., Ltd.
  305,100   5,228,373
 
Fukuda Corp.
  64,400   2,846,973
 
Fukushima Galilei Co., Ltd.
  88,700   2,868,651
 
Fukuvi Chemical Industry Co., Ltd.
  10,600   46,671
 
Fukuyama Transporting Co., Ltd.
  71,557   2,482,657
 
FULLCAST Holdings Co., Ltd.
  137,200   1,582,198
 
Funai Soken Holdings, Inc.
  263,570   5,557,450
 
Furukawa Co., Ltd.
  208,900   2,020,707
 
Furukawa Electric Co., Ltd.
  401,200   9,599,615
 
Furusato Industries, Ltd.
  66,000   821,682
 
Futaba Corp.
  244,200   1,926,601
 
Gecoss Corp.
  97,500   814,244
 
Giken, Ltd.
  82,700   3,016,692
 
Glory, Ltd.
  278,555   6,072,063
 
Grace Technology, Inc.
  54,300   2,834,313
 
GS Yuasa Corp.
  390,883   6,078,184
 
Hamakyorex Co., Ltd.
  115,600   3,445,218
 
Hanwa Co., Ltd.
  240,600   4,275,359
 
Hashimoto Sogyo Holdings Co., Ltd.
  4,070   76,725
 
Hazama Ando Corp.
  1,320,000   7,056,909
 
Helios Techno Holding Co., Ltd.
  131,100   352,620
 
Hibiya Engineering, Ltd.
  132,400   2,228,092
 
Hirakawa Hewtech Corp.
  79,900   669,725
#
Hirano Tecseed Co., Ltd.
  65,400   811,711
 
Hisaka Works, Ltd.
  149,900   1,017,112
 
Hitachi Zosen Corp.
  1,127,479   3,978,247
 
Hito Communications Holdings, Inc.
  43,900   397,471
 
Hokuetsu Industries Co., Ltd.
  148,500   1,518,577
 
Hokuriku Electrical Construction Co., Ltd.
  81,500   696,311
 
Hosokawa Micron Corp.
  46,200   2,410,117
 
Howa Machinery, Ltd.
  62,700   462,114
#
Ichikawa Co., Ltd.
  1,000   11,934
#
Ichiken Co., Ltd.
  34,600   470,077
 
Ichinen Holdings Co., Ltd.
  143,900   1,438,583
 
Idec Corp.
  205,600   3,319,876
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
#
Ihara Science Corp.
  52,200   $693,777
 
IHI Corp.
  22,600   281,727
 
Iino Kaiun Kaisha, Ltd.
  576,900   1,679,142
 
Inaba Denki Sangyo Co., Ltd.
  367,800   8,415,236
#
Inaba Seisakusho Co., Ltd.
  62,800   735,941
 
Inabata & Co., Ltd.
  306,200   3,376,664
#
Insource Co., Ltd.
  56,375   1,117,901
 
Inui Global Logistics Co., Ltd.
  99,680   748,314
 
IR Japan Holdings, Ltd.
  45,400   5,014,123
 
Iseki & Co., Ltd.
  126,200   1,332,478
 
Ishii Iron Works Co., Ltd.
  11,000   260,987
 
Isolite Insulating Products Co., Ltd.
  48,000   182,195
 
Itoki Corp.
  228,600   754,173
#
Iwaki Co., Ltd.
  41,000   367,804
 
Iwasaki Electric Co., Ltd.
  35,800   557,065
 
JAC Recruitment Co., Ltd.
  100,900   930,115
#
Jalux, Inc.
  40,100   582,339
 
Jamco Corp.
  73,100   430,300
#
Japan Asia Group, Ltd.
  180,800   471,532
 
Japan Elevator Service Holdings Co., Ltd.
  143,400   4,762,713
 
Japan Foundation Engineering Co., Ltd.
  134,500   488,026
 
Japan Pulp & Paper Co., Ltd.
  79,100   2,701,784
 
Japan Steel Works, Ltd. (The)
  408,900   5,828,542
 
Japan Transcity Corp.
  253,900   1,102,008
 
JK Holdings Co., Ltd.
  107,540   738,874
 
Juki Corp.
  185,300   740,406
 
Kamei Corp.
  156,200   1,407,393
 
Kanaden Corp.
  120,600   1,501,224
 
Kanagawa Chuo Kotsu Co., Ltd.
  42,800   1,502,051
 
Kanamoto Co., Ltd.
  216,000   4,365,027
 
Kandenko Co., Ltd.
  400,000   3,135,209
 
Kanematsu Corp.
  554,125   6,036,698
 
Katakura Industries Co., Ltd.
  168,000   1,782,194
 
Kato Works Co., Ltd.
  63,300   680,651
 
KAWADA TECHNOLOGIES, Inc.
  36,100   1,427,982
 
Kawagishi Bridge Works Co., Ltd.
  8,700   187,116
 
Kawanishi Warehouse Co., Ltd.
  1,700   16,298
 
Kawasaki Kinkai Kisen Kaisha, Ltd.
  7,899   181,562
#*
Kawasaki Kisen Kaisha, Ltd.
  484,000   4,421,674
 
Kawata Manufacturing Co., Ltd.
  28,600   185,334
 
Keihin Co., Ltd.
  23,400   276,671
 
KFC, Ltd.
  8,700   169,104
 
Kimura Chemical Plants Co., Ltd.
  110,800   432,564
 
Kimura Unity Co., Ltd.
  23,500   222,102
 
King Jim Co., Ltd.
  43,500   330,816
#*
Kinki Sharyo Co., Ltd. (The)
  21,199   223,525
 
Kintetsu World Express, Inc.
  251,400   4,297,949
 
Kitagawa Corp.
  56,900   780,832
 
Kitano Construction Corp.
  26,272   659,727
 
Kito Corp.
  136,900   1,439,013
 
Kitz Corp.
  521,900   3,299,313
 
Kobayashi Metals, Ltd.
  7,900   21,525
#*
Kobe Electric Railway Co., Ltd.
  37,299   1,167,566
#
Kobelco Eco-Solutions Co., Ltd.
  21,399   365,541
 
Koike Sanso Kogyo Co., Ltd.
  12,600   256,704
 
Kokusai Co., Ltd.
  51,600   357,460
 
Kokuyo Co., Ltd.
  314,825   3,314,305
 
KOMAIHALTEC, Inc.
  21,800   272,267
 
Komatsu Wall Industry Co., Ltd.
  50,100   790,363
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
 
Komori Corp.
  348,700   $2,308,586
 
Kondotec, Inc.
  125,700   1,333,833
 
Konoike Transport Co., Ltd.
  186,100   1,789,458
#*
Kosaido Co., Ltd.
  212,900   1,542,165
 
Kozo Keikaku Engineering, Inc.
  20,700   491,144
 
KRS Corp.
  38,800   516,124
 
Kumagai Gumi Co., Ltd.
  247,900   5,682,729
 
Kyodo Printing Co., Ltd.
  51,300   1,293,132
#
Kyokuto Boeki Kaisha, Ltd.
  42,200   517,358
 
Kyokuto Kaihatsu Kogyo Co., Ltd.
  210,200   2,655,350
 
Kyoritsu Printing Co., Ltd.
  199,200   241,540
 
Kyudenko Corp.
  13,300   376,971
#
Like Co., Ltd.
  63,200   998,256
#
Link And Motivation, Inc.
  210,200   613,301
 
Lonseal Corp.
  13,900   225,305
 
Maeda Corp.
  930,800   6,355,821
#
Maeda Kosen Co., Ltd.
  124,200   2,985,102
 
Maeda Road Construction Co., Ltd.
  99,200   1,803,647
 
Maezawa Industries, Inc.
  25,300   89,518
 
Maezawa Kasei Industries Co., Ltd.
  87,300   810,226
 
Maezawa Kyuso Industries Co., Ltd.
  66,900   1,184,021
 
Makino Milling Machine Co., Ltd.
  154,200   4,373,769
 
Marufuji Sheet Piling Co., Ltd.
  11,800   215,651
 
Maruka Corp.
  38,800   705,649
 
Marumae Co., Ltd.
  28,300   259,556
 
Maruwa Unyu Kikan Co., Ltd.
  121,100   4,097,750
#
Maruyama Manufacturing Co., Inc.
  18,800   195,492
 
Maruzen Co., Ltd.
  65,800   1,116,136
 
Maruzen Showa Unyu Co., Ltd.
  80,000   2,385,694
 
Matching Service Japan Co., Ltd.
  52,000   391,967
 
Matsuda Sangyo Co., Ltd.
  96,982   1,496,266
#
Matsui Construction Co., Ltd.
  128,100   751,718
 
Max Co., Ltd.
  174,200   2,623,721
 
Meidensha Corp.
  240,410   3,585,221
 
Meiji Electric Industries Co., Ltd.
  53,800   677,500
 
Meiji Shipping Co., Ltd.
  111,000   330,008
 
Meisei Industrial Co., Ltd.
  273,000   2,067,467
 
Meitec Corp.
  179,500   8,354,291
#
Meiwa Corp.
  155,700   621,765
#
Mesco, Inc.
  29,800   230,937
 
METAWATER Co., Ltd.
  80,900   3,517,859
 
Mie Kotsu Group Holdings, Inc.
  361,900   1,471,313
 
Mirait Holdings Corp.
  524,835   7,230,456
 
Mitani Corp.
  73,800   4,577,088
#
Mitani Sangyo Co., Ltd.
  145,000   426,350
 
Mitsubishi Kakoki Kaisha, Ltd.
  44,100   717,866
 
Mitsubishi Logisnext Co., Ltd.
  190,300   1,640,308
 
Mitsubishi Pencil Co., Ltd.
  89,700   966,975
 
Mitsuboshi Belting, Ltd.
  164,700   2,725,980
*
Mitsui E&S Holdings Co., Ltd.
  503,500   1,938,227
 
Mitsui Matsushima Holdings Co., Ltd.
  65,700   443,969
 
Mitsui-Soko Holdings Co., Ltd.
  142,600   1,947,371
 
Mitsumura Printing Co., Ltd.
  8,300   114,283
 
Miyaji Engineering Group, Inc.
  40,217   581,384
 
Mori-Gumi Co., Ltd.
  69,500   159,686
 
Morita Holdings Corp.
  217,300   3,766,031
 
Musashi Co., Ltd.
  5,000   91,742
 
NAC Co., Ltd.
  73,300   603,627
 
Nachi-Fujikoshi Corp.
  94,900   2,639,050
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
 
Nadex Co., Ltd.
  40,600   $256,037
 
Nagase & Co., Ltd.
  418,400   4,823,003
 
Naigai Trans Line, Ltd.
  40,500   368,715
 
Nakabayashi Co., Ltd.
  113,400   613,360
 
Nakakita Seisakusho Co., Ltd.
  3,700   87,120
 
Nakamoto Packs Co., Ltd.
  33,300   473,572
 
Nakanishi Manufacturing Co., Ltd.
  5,700   51,856
#
Nakano Corp.
  110,600   391,670
#
Namura Shipbuilding Co., Ltd.
  340,328   482,102
 
Narasaki Sangyo Co., Ltd.
  25,400   442,221
 
Nexyz Group Corp.
  44,600   326,801
*
Nice Corp.
  45,300   431,169
 
Nichias Corp.
  414,700   8,968,152
#
Nichiban Co., Ltd.
  68,300   951,523
 
Nichiden Corp.
  101,100   2,116,222
 
Nichiha Corp.
  177,180   3,597,727
 
Nichireki Co., Ltd.
  171,800   2,574,796
 
Nihon Dengi Co., Ltd.
  30,200   996,545
 
Nihon Flush Co., Ltd.
  127,900   1,743,497
 
Nikkato Corp.
  53,000   334,054
#
Nikkiso Co., Ltd.
  332,400   2,775,043
 
Nikko Co., Ltd.
  164,000   928,416
 
Nikkon Holdings Co., Ltd.
  385,300   7,021,673
 
Nippi, Inc.
  11,900   364,466
 
Nippon Air Conditioning Services Co., Ltd.
  196,400   1,352,099
 
Nippon Aqua Co., Ltd.
  27,600   160,605
 
Nippon Carbon Co., Ltd.
  60,400   1,811,216
 
Nippon Concept Corp.
  37,000   412,758
 
Nippon Densetsu Kogyo Co., Ltd.
  247,300   4,992,791
 
Nippon Dry-Chemical Co., Ltd.
  4,300   63,211
#
Nippon Filcon Co., Ltd.
  15,700   76,755
 
Nippon Hume Corp.
  143,100   1,000,548
 
Nippon Kanzai Co., Ltd.
  8,300   152,247
 
Nippon Koei Co., Ltd.
  82,500   2,116,386
#
Nippon Parking Development Co., Ltd., Class C
  1,388,300   1,597,940
 
Nippon Rietec Co., Ltd.
  12,600   353,262
 
Nippon Road Co., Ltd. (The)
  47,100   3,307,532
#
Nippon Seisen Co., Ltd.
  22,100   626,739
*
Nippon Sharyo, Ltd.
  48,299   1,079,806
*
Nippon Sheet Glass Co., Ltd.
  612,900   2,004,982
 
Nippon Steel Trading Corp.
  102,360   3,051,976
 
Nippon Thompson Co., Ltd.
  382,500   1,105,864
 
Nippon Tungsten Co., Ltd.
  6,699   112,534
 
Nishimatsu Construction Co., Ltd.
  368,200   6,836,440
 
Nishi-Nippon Railroad Co., Ltd.
  163,700   4,109,086
 
Nishio Rent All Co., Ltd.
  123,800   2,357,501
 
Nissei ASB Machine Co., Ltd.
  52,500   1,332,379
#
Nissei Corp.
  38,900   431,729
#
Nissei Plastic Industrial Co., Ltd.
  141,000   1,046,789
 
Nisshinbo Holdings, Inc.
  970,780   5,806,461
 
Nissin Corp.
  100,200   1,384,954
 
Nissin Electric Co., Ltd.
  352,400   3,301,711
 
Nitta Corp.
  145,300   3,079,531
 
Nitto Boseki Co., Ltd.
  7,600   355,293
 
Nitto Kogyo Corp.
  179,800   2,924,991
 
Nitto Kohki Co., Ltd.
  72,000   1,385,453
 
Nitto Seiko Co., Ltd.
  187,500   838,414
 
Nittoc Construction Co., Ltd.
  135,300   926,309
 
NJS Co., Ltd.
  38,100   554,570
The Japanese Small Company Series
CONTINUED
      Shares   Value»
INDUSTRIALS — (Continued)
 
nms Holdings Co.
  38,500   $73,944
 
Noda Corp.
  145,500   797,254
 
Nomura Co., Ltd.
  550,100   3,515,837
 
Noritake Co., Ltd.
  64,200   1,930,574
 
Noritsu Koki Co., Ltd.
  123,900   1,776,942
 
Noritz Corp.
  206,500   2,510,070
#
NS Tool Co., Ltd.
  58,300   1,382,864
 
NS United Kaiun Kaisha, Ltd.
  61,800   842,468
 
NTN Corp.
  2,886,100   5,046,092
 
Obara Group, Inc.
  79,900   2,570,204
 
Ochi Holdings Co., Ltd.
  8,900   129,028
 
Odawara Engineering Co., Ltd.
  4,900   107,132
 
Ohba Co., Ltd.
  76,500   465,524
 
Ohmoto Gumi Co., Ltd.
  4,100   169,689
 
Oiles Corp.
  164,570   2,107,495
 
Okabe Co., Ltd.
  260,700   1,746,605
#
Okada Aiyon Corp.
  42,800   347,015
 
Okamoto Machine Tool Works, Ltd.
  21,699   407,474
 
Okamura Corp.
  410,300   2,668,127
*
OKK Corp.
  21,900   65,748
 
OKUMA Corp.
  137,100   5,296,494
 
Okumura Corp.
  208,280   4,939,318
 
Onoken Co., Ltd.
  115,000   1,254,258
 
Organo Corp.
  43,900   2,216,619
#
Oriental Consultants Holdings Co., Ltd.
  6,100   120,070
 
Origin Co., Ltd.
  27,600   322,649
#
OSG Corp.
  396,200   5,398,663
 
OSJB Holdings Corp.
  864,400   1,841,740
 
Outsourcing, Inc.
  770,900   4,262,965
 
Oyo Corp.
  145,200   1,860,722
#
Paraca, Inc.
  35,900   513,676
 
Parker Corp.
  34,000   142,656
#
Pasco Corp.
  11,200   137,239
#
Pasona Group, Inc.
  133,000   1,563,485
 
Pegasus Sewing Machine Manufacturing Co., Ltd.
  150,600   358,708
 
Penta-Ocean Construction Co., Ltd.
  1,716,400   9,022,171
 
Phil Co., Inc.
  10,900   155,644
 
Pilot Corp.
  74,100   2,059,137
 
Prestige International, Inc.
  694,900   5,427,906
 
Pronexus, Inc.
  114,500   1,214,775
 
PS Mitsubishi Construction Co., Ltd.
  216,100   1,036,065
 
Punch Industry Co., Ltd.
  107,900   399,924
 
Quick Co., Ltd.
  77,900   754,745
 
Raito Kogyo Co., Ltd.
  307,400   4,270,434
 
Raiznext Corp.
  328,600   3,712,579
#
Rasa Corp.
  63,200   559,892
 
Relia, Inc.
  252,900   2,676,905
 
Rheon Automatic Machinery Co., Ltd.
  122,800   1,411,769
 
Rix Corp.
  17,300   252,716
#*
Rozetta Corp.
  22,800   735,666
 
Ryobi, Ltd.
  165,240   1,577,893
 
S LINE Co., Ltd.
  23,800   201,327
 
Sakai Heavy Industries, Ltd.
  24,500   499,867
 
Sakai Moving Service Co., Ltd.
  81,800   3,495,349
#*
Sanix, Inc.
  146,200   326,378
 
Sanki Engineering Co., Ltd.
  303,100   3,329,832
 
Sanko Gosei, Ltd.
  121,900   290,392
 
Sanko Metal Industrial Co., Ltd.
  17,100   336,777
 
Sankyo Tateyama, Inc.
  197,500   1,487,379
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
 
Sanoyas Holdings Corp.
  159,500   $238,418
#
Sansei Technologies, Inc.
  80,600   463,536
 
Sansha Electric Manufacturing Co., Ltd.
  66,700   356,206
 
Sanwa Holdings Corp.
  113,400   971,844
 
Sanyo Denki Co., Ltd.
  44,100   1,976,370
 
Sanyo Engineering & Construction, Inc.
  60,200   341,780
 
Sanyo Industries, Ltd.
  9,900   176,740
 
Sanyo Trading Co., Ltd.
  140,000   1,196,959
 
Sata Construction Co., Ltd.
  91,299   339,835
 
Sato Holdings Corp.
  188,000   3,904,101
 
Sato Shoji Corp.
  91,700   748,789
 
Sawafuji Electric Co., Ltd.
  1,900   28,372
 
SBS Holdings, Inc.
  126,200   2,686,127
#
SEC Carbon, Ltd.
  10,900   609,823
#
Secom Joshinetsu Co., Ltd.
  30,800   960,268
 
Seibu Electric & Machinery Co., Ltd.
  10,300   95,174
 
Seika Corp.
  65,700   698,754
 
Seikitokyu Kogyo Co., Ltd.
  205,030   1,393,881
 
Sekisui Jushi Corp.
  218,400   4,114,985
 
Senko Group Holdings Co., Ltd.
  777,400   5,813,037
 
Senshu Electric Co., Ltd.
  51,200   1,447,069
 
Shibaura Machine Co., Ltd.
  147,500   2,763,606
 
Shibusawa Warehouse Co., Ltd. (The)
  61,600   1,040,433
 
Shibuya Corp.
  97,900   2,536,152
 
Shima Seiki Manufacturing, Ltd.
  185,700   2,191,950
 
Shin Nippon Air Technologies Co., Ltd.
  96,280   1,971,657
#
Shin-Keisei Electric Railway Co., Ltd.
  43,599   869,601
 
Shinki Bus Co., Ltd.
  1,900   55,204
 
Shinmaywa Industries, Ltd.
  547,700   4,792,869
 
Shinnihon Corp.
  183,600   1,360,262
 
Shinsho Corp.
  35,200   578,455
 
Shinwa Co., Ltd.
  66,200   1,208,235
#*
Shoko Co., Ltd.
  33,400   184,448
#
SIGMAXYZ, Inc.
  98,000   1,447,970
 
Sinfonia Technology Co., Ltd.
  154,200   1,469,448
 
Sinko Industries, Ltd.
  129,100   1,707,988
 
Sintokogio, Ltd.
  291,700   1,929,938
 
SMS Co., Ltd.
  165,100   4,096,760
 
Soda Nikka Co., Ltd.
  120,800   577,072
 
Sodick Co., Ltd.
  211,200   1,647,156
 
Space Co., Ltd.
  95,062   808,302
 
S-Pool, Inc.
  301,000   1,873,662
#
Star Micronics Co., Ltd.
  246,100   2,759,136
 
Subaru Enterprise Co., Ltd.
  6,300   427,197
#
Sugimoto & Co., Ltd.
  66,900   1,103,803
 
Sumiseki Holdings, Inc.
  396,900   421,683
 
Sumitomo Densetsu Co., Ltd.
  117,700   2,406,454
 
Sumitomo Mitsui Construction Co., Ltd.
  1,025,240   3,981,953
*
Sumitomo Precision Products Co., Ltd.
  18,184   347,814
 
Sumitomo Warehouse Co., Ltd. (The)
  416,500   4,704,530
 
Suzumo Machinery Co., Ltd.
  2,200   31,699
 
SWCC Showa Holdings Co., Ltd.
  98,700   1,149,673
#
Tacmina Corp.
  14,700   195,551
#
Tadano, Ltd.
  672,300   5,389,324
 
Taihei Dengyo Kaisha, Ltd.
  102,500   2,078,731
 
Taiheiyo Kouhatsu, Inc.
  44,200   253,122
 
Taikisha, Ltd.
  173,800   4,884,939
 
Taisei Oncho Co., Ltd.
  14,200   241,441
 
Takadakiko Co., Ltd.
  7,500   166,188
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
 
Takamatsu Construction Group Co., Ltd.
  107,800   $2,190,318
#
Takamatsu Machinery Co., Ltd.
  41,800   258,801
 
Takamiya Co., Ltd.
  128,600   657,215
 
Takano Co., Ltd.
  54,500   315,810
 
Takaoka Toko Co., Ltd.
  59,620   525,232
 
Takara & Co., Ltd.
  22,155   459,150
 
Takara Standard Co., Ltd.
  247,100   3,336,587
 
Takasago Thermal Engineering Co., Ltd.
  320,100   4,252,100
 
Takashima & Co., Ltd.
  25,200   388,207
 
Takeei Corp.
  149,600   1,659,464
 
Takeuchi Manufacturing Co., Ltd.
  230,900   3,849,651
#
Takigami Steel Construction Co., Ltd. (The)
  5,300   217,910
#
Takisawa Machine Tool Co., Ltd.
  41,700   388,435
 
Takuma Co., Ltd.
  74,700   1,032,836
 
Tanabe Consulting Co., Ltd.
  1,200   14,687
#
Tanabe Engineering Corp.
  39,500   256,622
 
Tanseisha Co., Ltd.
  243,549   1,353,236
 
Tatsuta Electric Wire and Cable Co., Ltd.
  290,500   1,591,847
 
TECHNO ASSOCIE Co., Ltd.
  52,700   445,659
#
Techno Ryowa, Ltd.
  68,690   580,383
#
Techno Smart Corp.
  49,500   369,823
 
TechnoPro Holdings, Inc.
  21,900   1,119,090
 
Teikoku Electric Manufacturing Co., Ltd.
  112,700   1,255,381
 
Teikoku Sen-I Co., Ltd.
  108,500   2,414,403
 
Tekken Corp.
  85,600   1,525,071
 
Tenox Corp.
  22,500   184,322
 
Teraoka Seisakusho Co., Ltd.
  76,000   283,161
 
Terasaki Electric Co., Ltd.
  24,400   224,646
 
Toa Corp.
  112,500   1,644,470
 
TOA ROAD Corp.
  27,300   881,481
 
Toba, Inc.
  9,800   256,243
 
Tobishima Corp.
  134,570   1,280,176
 
Tocalo Co., Ltd.
  414,300   4,640,301
 
Toda Corp.
  284,100   1,822,411
 
Toenec Corp.
  56,200   1,990,167
 
Togami Electric Manufacturing Co., Ltd.
  17,800   251,401
 
TOKAI Holdings Corp.
  694,500   6,476,672
 
Tokai Lease Co., Ltd.
  18,800   227,066
 
Tokyo Energy & Systems, Inc.
  157,600   1,086,915
 
Tokyo Keiki, Inc.
  69,022   595,095
 
Tokyo Sangyo Co., Ltd.
  133,000   599,807
 
Tokyu Construction Co., Ltd.
  561,400   2,610,605
 
Toli Corp.
  289,200   661,866
 
Tomoe Corp.
  158,900   482,645
#
Tomoe Engineering Co., Ltd.
  54,600   992,855
 
Tonami Holdings Co., Ltd.
  37,500   2,005,379
 
Toppan Forms Co., Ltd.
  331,600   3,131,817
 
Torishima Pump Manufacturing Co., Ltd.
  132,900   1,063,943
 
Totech Corp.
  52,300   1,130,251
 
Totetsu Kogyo Co., Ltd.
  169,700   4,048,687
 
Totoku Electric Co., Ltd.
  17,700   354,837
 
Toyo Construction Co., Ltd.
  524,200   1,822,932
 
Toyo Denki Seizo K.K.
  35,450   348,069
*
Toyo Engineering Corp.
  215,778   622,688
 
Toyo Logistics Co., Ltd.
  85,100   250,278
 
Toyo Machinery & Metal Co., Ltd.
  106,100   384,867
 
Toyo Tanso Co., Ltd.
  75,600   1,140,173
 
Toyo Wharf & Warehouse Co., Ltd.
  38,000   504,441
 
Trancom Co., Ltd.
  52,400   3,803,173
The Japanese Small Company Series
CONTINUED
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INDUSTRIALS — (Continued)
#
Trinity Industrial Corp.
  36,000   $205,218
#
Trusco Nakayama Corp.
  171,500   4,039,767
 
Tsubaki Nakashima Co., Ltd.
  297,600   1,982,519
 
Tsubakimoto Chain Co.
  183,740   4,312,586
 
Tsubakimoto Kogyo Co., Ltd.
  28,800   781,154
*
Tsudakoma Corp.
  25,198   201,589
 
Tsugami Corp.
  296,700   2,732,068
 
Tsukishima Kikai Co., Ltd.
  195,600   2,105,280
 
Tsurumi Manufacturing Co., Ltd.
  133,300   2,272,725
 
Uchida Yoko Co., Ltd.
  53,500   3,238,859
#
Ueki Corp.
  31,900   736,153
 
Union Tool Co.
  45,500   1,108,794
 
Ushio, Inc.
  755,300   8,881,664
#*
UT Group Co., Ltd.
  178,800   3,645,554
 
Utoc Corp.
  102,200   467,831
 
Waida Manufacturing Co., Ltd.
  5,100   37,558
 
Wakachiku Construction Co., Ltd.
  82,000   869,500
 
Wakita & Co., Ltd.
  263,900   2,246,997
 
WDB Holdings Co., Ltd.
  64,300   1,525,830
 
Weathernews, Inc.
  38,200   1,393,493
 
Will Group, Inc.
  103,600   531,334
 
World Holdings Co., Ltd.
  39,600   535,082
 
Yahagi Construction Co., Ltd.
  183,400   1,324,558
 
YAMABIKO Corp.
  231,528   1,887,798
 
YAMADA Consulting Group Co., Ltd.
  75,600   804,442
 
Yamashina Corp.
  224,200   138,905
 
Yamato Corp.
  112,300   602,400
 
Yamaura Corp.
  9,900   75,538
 
Yamazen Corp.
  421,900   3,803,461
 
Yasuda Logistics Corp.
  104,500   849,105
 
Yokogawa Bridge Holdings Corp.
  213,800   3,760,628
 
Yondenko Corp.
  27,360   575,454
 
Yuasa Trading Co., Ltd.
  119,100   3,184,562
 
Yuken Kogyo Co., Ltd.
  22,200   314,523
#
Yumeshin Holdings Co., Ltd.
  304,600   1,531,401
 
Yurtec Corp.
  267,200   1,534,839
 
Zaoh Co., Ltd.
  23,400   309,320
#
Zenitaka Corp. (The)
  19,200   702,329
 
Zuiko Corp.
  22,600   1,014,223
TOTAL INDUSTRIALS
      851,235,833
INFORMATION TECHNOLOGY — (13.2%)
 
A&D Co., Ltd.
  126,900   754,468
 
Access Co., Ltd.
  87,800   683,566
#
Ad-sol Nissin Corp.
  43,000   990,764
 
AGS Corp.
  11,600   88,382
#
Ai Holdings Corp.
  264,200   3,514,561
 
Aichi Tokei Denki Co., Ltd.
  18,900   787,341
 
Aiphone Co., Ltd.
  67,900   880,241
 
Alpha Systems, Inc.
  47,820   1,795,679
 
Amano Corp.
  119,800   2,271,387
 
AOI Electronics Co., Ltd.
  30,100   584,431
 
Argo Graphics, Inc.
  110,800   3,381,114
 
Arisawa Manufacturing Co., Ltd.
  217,300   1,634,386
 
Artiza Networks, Inc.
  3,800   64,028
 
ArtSpark Holdings, Inc.
  33,700   241,131
 
Asahi Intelligence Service Co., Ltd.
  1,300   14,861
 
Avant Corp.
  100,300   942,529
 
Axell Corp.
  40,300   288,390
The Japanese Small Company Series
CONTINUED
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INFORMATION TECHNOLOGY — (Continued)
 
Azia Co., Ltd.
  14,300   $186,660
#*
BrainPad, Inc.
  7,200   266,744
 
Broadleaf Co., Ltd.
  606,400   3,227,772
#
Business Brain Showa-Ota, Inc.
  29,000   354,951
 
CAC Holdings Corp.
  75,200   826,324
 
Canon Electronics, Inc.
  134,700   1,867,762
 
CDS Co., Ltd.
  15,300   160,142
*
Change, Inc.
  12,500   1,063,427
 
Chino Corp.
  46,300   590,494
 
Citizen Watch Co., Ltd.
  1,889,600   5,150,419
 
CMK Corp.
  314,400   1,084,965
 
Computer Engineering & Consulting, Ltd.
  164,800   2,367,385
 
Computer Institute of Japan, Ltd.
  96,300   701,957
 
Comture Corp.
  138,200   3,651,594
 
CONEXIO Corp.
  112,800   1,369,589
 
Core Corp.
  45,800   519,921
 
Cresco, Ltd.
  83,000   1,032,138
#
Cube System, Inc.
  60,600   540,290
 
Cyber Com Co., Ltd.
  10,600   175,232
 
Cybernet Systems Co., Ltd.
  57,700   345,549
 
Cybozu, Inc.
  115,500   3,422,890
 
Dai-ichi Seiko Co., Ltd.
  38,100   679,612
#
Daiko Denshi Tsushin, Ltd.
  37,200   214,958
 
Daishinku Corp.
  43,999   847,574
 
Daitron Co., Ltd.
  58,200   761,076
 
Daiwabo Holdings Co., Ltd.
  120,400   8,752,610
#
Densan System Co., Ltd.
  42,700   1,689,334
 
Dexerials Corp.
  391,900   3,568,627
 
Digital Arts, Inc.
  75,600   6,267,963
 
Digital Garage, Inc.
  145,900   4,883,497
#
Digital Hearts Holdings Co., Ltd.
  90,400   703,819
 
Digital Information Technologies Corp.
  40,000   469,988
 
DKK Co., Ltd.
  64,800   1,394,005
#
DKK-Toa Corp.
  28,300   218,833
 
Double Standard, Inc.
  14,000   738,897
 
DTS Corp.
  283,200   5,419,214
 
Ebase Co., Ltd.
  59,600   852,542
 
E-Guardian, Inc.
  51,100   1,442,571
 
Eizo Corp.
  112,200   4,165,703
 
Elecom Co., Ltd.
  89,700   4,478,140
 
Elematec Corp.
  122,942   992,345
 
Enomoto Co., Ltd.
  30,200   301,734
 
Enplas Corp.
  65,400   1,298,485
 
ESPEC Corp.
  132,600   2,254,485
 
Fenwal Controls of Japan, Ltd.
  20,500   281,884
 
Ferrotec Holdings Corp.
  256,100   1,540,665
#*
FFRI Security, Inc.
  22,500   463,453
 
Fixstars Corp.
  97,100   988,081
 
Focus Systems Corp.
  28,400   207,579
#
Forval Corp.
  52,700   494,823
#
FTGroup Co., Ltd.
  58,200   671,091
 
Fuji Soft, Inc.
  100,200   4,520,583
 
Fujitsu Frontech, Ltd.
  82,700   1,206,471
 
Fukui Computer Holdings, Inc.
  53,500   1,236,703
 
Furuno Electric Co., Ltd.
  161,100   1,421,173
#
Furuya Metal Co., Ltd.
  7,600   504,154
 
Future Corp.
  143,400   2,402,616
 
Future Innovation Group, Inc.
  11,900   25,725
 
GL Sciences, Inc.
  46,700   887,046
The Japanese Small Company Series
CONTINUED
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INFORMATION TECHNOLOGY — (Continued)
#
Glosel Co., Ltd.
  113,200   $447,089
#
GMO Cloud K.K.
  19,300   1,333,446
#
GMO Pepabo, Inc.
  7,300   280,697
 
Hagiwara Electric Holdings Co., Ltd.
  50,200   883,908
 
Hakuto Co., Ltd.
  91,300   767,761
 
Hibino Corp.
  26,900   250,408
 
Hioki EE Corp.
  68,000   2,212,890
 
Hochiki Corp.
  97,300   993,226
#
Hokuriku Electric Industry Co., Ltd.
  48,200   385,644
 
Honda Tsushin Kogyo Co., Ltd.
  110,400   410,339
 
Hosiden Corp.
  350,700   3,003,155
 
Icom, Inc.
  68,200   1,793,090
 
ID Holdings Corp.
  52,100   724,438
 
Ikegami Tsushinki Co., Ltd.
  39,199   282,717
 
Ines Corp.
  128,700   1,723,398
#
I-Net Corp.
  78,190   1,085,502
 
Infocom Corp.
  154,600   4,926,943
 
Infomart Corp.
  569,500   3,536,442
 
Information Services International-Dentsu, Ltd.
  80,700   4,237,864
 
Innotech Corp.
  107,500   964,922
 
Intelligent Wave, Inc.
  36,600   272,051
#
Inter Action Corp.
  27,600   434,566
 
I-O Data Device, Inc.
  50,700   469,032
 
Iriso Electronics Co., Ltd.
  140,900   4,257,046
 
ISB Corp.
  10,800   226,772
 
Itfor, Inc.
  164,700   1,100,183
*
Iwatsu Electric Co., Ltd.
  62,200   488,648
 
Japan Aviation Electronics Industry, Ltd.
  317,000   4,012,451
#
Japan Cash Machine Co., Ltd.
  145,900   704,269
#*
Japan Display, Inc.
  3,082,400   1,380,365
 
Japan Electronic Materials Corp.
  51,800   614,310
 
Japan Material Co., Ltd.
  417,100   6,350,131
 
Jastec Co., Ltd.
  68,200   703,150
#
JBCC Holdings, Inc.
  98,000   1,448,901
 
JFE Systems, Inc.
  3,100   104,185
#*
JIG-SAW, Inc.
  17,300   797,164
 
Kaga Electronics Co., Ltd.
  110,700   2,096,401
 
Kanematsu Electronics, Ltd.
  81,200   3,116,797
 
KEL Corp.
  27,900   208,853
 
Koa Corp.
  172,100   1,480,555
 
Konica Minolta, Inc.
  1,287,400   3,410,151
 
KSK Co., Ltd.
  3,000   55,400
 
Kyoden Co., Ltd.
  116,100   301,559
 
Kyosan Electric Manufacturing Co., Ltd.
  276,000   1,358,654
 
Kyowa Electronic Instruments Co., Ltd.
  129,800   505,390
#
LAC Co., Ltd.
  100,100   993,890
 
Lecip Holdings Corp.
  10,900   53,233
 
Macnica Fuji Electronics Holdings, Inc.
  333,150   5,022,652
#
Marubun Corp.
  112,200   518,451
 
Maruwa Co., Ltd.
  59,500   5,128,760
 
Maxell Holdings, Ltd.
  322,200   2,768,532
 
MCJ Co., Ltd.
  443,000   3,825,985
 
Megachips Corp.
  112,800   2,175,102
#
Meiko Electronics Co., Ltd.
  139,600   1,700,756
 
Melco Holdings, Inc.
  18,600   463,339
*
Metaps, Inc.
  12,800   92,213
 
Mimaki Engineering Co., Ltd.
  133,300   485,340
 
Mimasu Semiconductor Industry Co., Ltd.
  114,581   2,474,509
 
Miraial Co., Ltd.
  39,500   382,202
The Japanese Small Company Series
CONTINUED
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INFORMATION TECHNOLOGY — (Continued)
#
Miroku Jyoho Service Co., Ltd.
  120,000   $2,414,893
 
Mitachi Co., Ltd.
  16,900   85,648
 
Mitsubishi Research Institute, Inc.
  53,500   2,145,407
 
Mitsui High-Tec, Inc.
  140,100   1,922,407
#
m-up Holdings, Inc.
  4,800   101,391
 
Mutoh Holdings Co., Ltd.
  14,600   201,763
#
Nagano Keiki Co., Ltd.
  85,300   777,653
 
Nakayo, Inc.
  73,300   957,448
 
NF Corp.
  25,900   403,035
 
Nichicon Corp.
  331,400   2,094,615
*
Nihon Dempa Kogyo Co., Ltd.
  121,600   346,101
 
Nihon Denkei Co., Ltd.
  31,800   357,887
*
Nippon Chemi-Con Corp.
  83,600   1,328,576
#
Nippon Computer Dynamics Co., Ltd.
  38,600   191,270
#
Nippon Electric Glass Co., Ltd.
  431,236   7,053,418
#
Nippon Information Development Co., Ltd.
  12,600   169,106
#
Nippon Kodoshi Corp.
  55,400   517,695
 
Nippon Signal Co., Ltd.
  327,000   3,110,910
 
Nippon Systemware Co., Ltd.
  54,000   937,548
 
Nissha Co., Ltd.
  232,800   2,414,524
 
Nohmi Bosai, Ltd.
  149,900   2,890,666
 
NSD Co., Ltd.
  531,760   9,669,958
 
Ohara, Inc.
  35,900   324,697
*
Okaya Electric Industries Co., Ltd.
  77,800   211,377
 
Oki Electric Industry Co., Ltd.
  575,300   5,105,842
#
ONO Sokki Co., Ltd.
  32,200   145,826
 
Optex Group Co., Ltd.
  191,620   1,977,932
*
Optim Corp.
  9,800   318,102
 
Optorun Co., Ltd.
  34,600   768,333
#
Oro Co., Ltd.
  18,400   511,698
 
Osaki Electric Co., Ltd.
  295,800   1,390,968
 
Oval Corp.
  35,600   72,606
 
Paltek Corp.
  38,500   193,907
 
PCA Corp.
  2,300   100,048
 
PCI Holdings, Inc.
  30,800   301,437
 
Poletowin Pitcrew Holdings, Inc.
  204,700   1,747,804
#
Pro-Ship, Inc.
  41,700   541,269
 
Rakus Co., Ltd.
  192,800   4,451,566
 
Restar Holdings Corp.
  130,700   2,324,200
 
Riken Keiki Co., Ltd.
  100,300   2,335,371
 
Riso Kagaku Corp.
  134,600   1,574,203
 
Roland DG Corp.
  87,300   918,389
 
Rorze Corp.
  54,400   2,797,036
 
RS Technologies Co., Ltd.
  20,100   760,779
 
Ryoden Corp.
  100,400   1,323,364
 
Ryosan Co., Ltd.
  152,200   2,893,676
#
Ryoyo Electro Corp.
  106,800   2,974,086
 
Saison Information Systems Co., Ltd.
  24,800   502,217
#
Sakura Internet, Inc.
  145,400   729,456
 
Sanken Electric Co., Ltd.
  160,500   3,090,443
 
Sanshin Electronics Co., Ltd.
  132,700   2,203,032
 
Satori Electric Co., Ltd.
  80,880   580,259
*
Saxa Holdings, Inc.
  32,600   434,016
#
SB Technology Corp.
  61,300   1,882,824
#
Scala, Inc.
  83,700   452,255
#
Seikoh Giken Co., Ltd.
  22,300   411,467
*
SEMITEC Corp.
  5,500   122,906
#
Shibaura Electronics Co., Ltd.
  53,400   1,021,455
 
Shibaura Mechatronics Corp.
  24,100   593,093
The Japanese Small Company Series
CONTINUED
      Shares   Value»
INFORMATION TECHNOLOGY — (Continued)
 
Shindengen Electric Manufacturing Co., Ltd.
  48,500   $906,339
 
Shinko Electric Industries Co., Ltd.
  284,000   4,276,100
 
Shinko Shoji Co., Ltd.
  282,100   2,264,904
 
Shizuki Electric Co., Inc.
  127,100   622,893
 
Showa Shinku Co., Ltd.
  25,400   322,971
 
Sigma Koki Co., Ltd.
  27,000   264,322
 
Siix Corp.
  207,100   1,625,950
 
SK-Electronics Co., Ltd.
  47,300   434,263
 
SMK Corp.
  34,099   744,328
 
Softbrain Co., Ltd.
  94,400   303,959
 
Softcreate Holdings Corp.
  54,100   1,175,453
#
Soliton Systems K.K.
  36,600   514,503
 
Soshin Electric Co., Ltd.
  58,400   215,256
#
Sourcenext Corp.
  78,400   179,435
 
SRA Holdings
  73,200   1,582,350
 
Sumida Corp.
  183,749   1,115,949
 
Sun-Wa Technos Corp.
  82,000   598,659
 
Suzuden Corp.
  1,200   13,213
 
Suzuki Co., Ltd.
  67,100   403,162
#
System Information Co., Ltd.
  54,800   717,070
 
System Research Co., Ltd.
  27,200   478,082
 
Systems Engineering Consultants Co., Ltd.
  900   24,414
 
Systemsoft Corp.
  156,000   137,713
 
Systena Corp.
  475,500   7,135,266
 
Tachibana Eletech Co., Ltd.
  112,560   1,727,786
 
Takachiho Koheki Co., Ltd.
  38,500   323,615
#
TAKEBISHI Corp.
  53,100   669,611
#
Tamagawa Holdings Co., Ltd.
  3,600   73,795
 
Tamura Corp.
  499,200   1,996,801
#
TDC Soft, Inc.
  104,600   858,916
 
TechMatrix Corp.
  233,600   4,029,585
 
Techno Horizon Holdings Co., Ltd.
  56,700   518,731
 
Teikoku Tsushin Kogyo Co., Ltd.
  52,700   549,042
 
Terilogy Co., Ltd.
  15,600   74,855
#
TESEC Corp.
  19,400   143,026
 
TKC Corp.
  101,700   5,597,560
 
Toho System Science Co., Ltd.
  2,700   24,189
 
Tokyo Electron Device, Ltd.
  45,600   1,405,434
 
Tokyo Seimitsu Co., Ltd.
  261,000   8,340,569
 
Tomen Devices Corp.
  15,300   528,123
 
Topcon Corp.
  747,600   4,891,279
 
Torex Semiconductor, Ltd.
  45,500   513,591
#
Toshiba TEC Corp.
  69,500   2,671,860
 
Toukei Computer Co., Ltd.
  5,010   180,952
 
Towa Corp.
  134,700   1,570,940
 
Toyo Corp.
  153,100   1,303,177
 
Transcosmos, Inc.
  10,000   242,010
 
Tri Chemical Laboratories, Inc.
  31,400   3,120,051
#
Tsuzuki Denki Co., Ltd.
  42,800   701,234
 
Ubicom Holdings, Inc.
  12,500   270,132
 
Ulvac, Inc.
  264,700   7,852,480
*
UMC Electronics Co., Ltd.
  49,600   157,505
*
Uniden Holdings Corp.
  41,500   632,098
#
UNITED, Inc.
  24,200   241,720
#
V Technology Co., Ltd.
  59,800   1,919,032
 
VINX Corp.
  11,500   134,564
 
Wacom Co., Ltd.
  975,900   5,299,125
*
Wellnet Corp.
  3,800   20,322
#
YAC Holdings Co., Ltd.
  62,600   358,177
The Japanese Small Company Series
CONTINUED
      Shares   Value»
INFORMATION TECHNOLOGY — (Continued)
 
Yamaichi Electronics Co., Ltd.
  144,700   $1,722,683
 
Yashima Denki Co., Ltd.
  126,100   1,039,560
 
Yokowo Co., Ltd.
  101,000   2,281,060
TOTAL INFORMATION TECHNOLOGY
      387,518,952
MATERIALS — (10.7%)
 
Achilles Corp.
  93,500   1,619,428
 
ADEKA Corp.
  629,500   8,360,923
 
Agro-Kanesho Co., Ltd.
  1,300   18,445
 
Aichi Steel Corp.
  71,200   1,708,318
 
Arakawa Chemical Industries, Ltd.
  114,100   1,216,751
 
Araya Industrial Co., Ltd.
  25,200   273,762
 
Asahi Holdings, Inc.
  250,950   8,743,388
 
Asahi Printing Co., Ltd.
  25,700   212,819
 
Asahi Yukizai Corp.
  92,200   1,143,895
 
Asahipen Corp.
  2,100   34,366
 
Asia Pile Holdings Corp.
  214,800   913,968
 
C Uyemura & Co., Ltd.
  35,900   2,112,017
 
Carlit Holdings Co., Ltd.
  136,800   592,946
 
Chuetsu Pulp & Paper Co., Ltd.
  49,900   676,996
*
Chugai Mining Co., Ltd.
  652,700   174,870
 
Chugoku Marine Paints, Ltd.
  422,400   3,996,013
 
CI Takiron Corp.
  291,200   1,855,459
#
CK-San-Etsu Co., Ltd.
  21,200   600,213
 
Dai Nippon Toryo Co., Ltd.
  139,900   1,078,259
 
Daido Steel Co., Ltd.
  155,000   4,372,093
 
Daiichi Kigenso Kagaku-Kogyo Co., Ltd.
  129,300   879,492
 
Daiken Corp.
  79,800   1,287,643
 
Daiki Aluminium Industry Co., Ltd.
  194,700   928,086
 
Dainichiseika Color & Chemicals Manufacturing Co., Ltd.
  87,000   1,846,399
#
Daio Paper Corp.
  69,400   942,474
#
DKS Co., Ltd.
  50,900   2,148,801
 
Dowa Holdings Co., Ltd.
  116,905   3,430,738
 
Dynapac Co., Ltd.
  8,500   109,015
 
Fuji Seal International, Inc.
  191,300   3,399,484
 
Fujikura Kasei Co., Ltd.
  176,500   859,852
 
Fujimori Kogyo Co., Ltd.
  109,100   3,515,188
 
Fuso Chemical Co., Ltd.
  124,700   4,802,333
 
Geostr Corp.
  87,700   224,180
 
Godo Steel, Ltd.
  60,000   1,040,581
 
Gun-Ei Chemical Industry Co., Ltd.
  31,600   719,845
 
Hakudo Co., Ltd.
  47,200   595,910
 
Harima Chemicals Group, Inc.
  99,400   863,065
 
Hodogaya Chemical Co., Ltd.
  44,900   1,926,790
 
Hokkan Holdings, Ltd.
  56,100   903,991
 
Hokko Chemical Industry Co., Ltd.
  123,600   719,350
 
Hokuetsu Corp.
  826,499   2,767,423
 
Honshu Chemical Industry Co., Ltd.
  28,200   309,112
 
Ise Chemicals Corp.
  13,900   364,409
#
Ishihara Chemical Co., Ltd.
  35,500   673,439
 
Ishihara Sangyo Kaisha, Ltd.
  222,050   1,399,557
 
Ishizuka Glass Co., Ltd.
  12,900   214,878
 
JCU Corp.
  148,200   4,421,152
 
JSP Corp.
  88,900   1,153,719
 
Kaneka Corp.
  173,700   4,104,698
 
Kanto Denka Kogyo Co., Ltd.
  288,900   2,262,164
 
Katakura & Co-op Agri Corp.
  21,500   248,976
 
KeePer Technical Laboratory Co., Ltd.
  49,500   716,909
#
KH Neochem Co., Ltd.
  233,400   4,268,121
The Japanese Small Company Series
CONTINUED
      Shares   Value»
MATERIALS — (Continued)
 
Kimoto Co., Ltd.
  230,500   $397,922
 
Koatsu Gas Kogyo Co., Ltd.
  210,093   1,494,628
*
Kobe Steel, Ltd.
  1,878,500   6,087,409
#
Kohsoku Corp.
  71,300   925,763
 
Konishi Co., Ltd.
  236,800   3,259,581
 
Konoshima Chemical Co., Ltd.
  31,600   205,643
 
Krosaki Harima Corp.
  33,300   1,013,698
 
Kumiai Chemical Industry Co., Ltd.
  247,487   2,398,477
 
Kunimine Industries Co., Ltd.
  40,400   370,990
 
Kureha Corp.
  113,450   4,680,407
 
Kurimoto, Ltd.
  61,800   938,482
 
Kuriyama Holdings Corp.
  78,000   387,938
 
Kyoei Steel, Ltd.
  146,100   1,737,120
 
Kyowa Leather Cloth Co., Ltd.
  89,900   468,322
 
Lintec Corp.
  265,600   6,196,948
 
MEC Co., Ltd.
  103,700   1,879,884
 
Mitani Sekisan Co., Ltd.
  70,900   3,664,972
 
Mitsubishi Paper Mills, Ltd.
  330,600   1,006,245
*
Mitsubishi Steel Manufacturing Co., Ltd.
  53,500   270,705
 
Mitsui Mining & Smelting Co., Ltd.
  395,000   8,388,620
 
Molitec Steel Co., Ltd.
  83,100   223,184
#
MORESCO Corp.
  39,800   354,830
 
Mory Industries, Inc.
  36,000   703,057
 
Nakayama Steel Works, Ltd.
  173,200   548,707
 
Neturen Co., Ltd.
  229,200   1,024,196
 
New Japan Chemical Co., Ltd.
  175,800   252,169
#
Nicca Chemical Co., Ltd.
  45,700   368,393
#
Nichia Steel Works, Ltd.
  138,600   358,061
#
Nihon Kagaku Sangyo Co., Ltd.
  84,700   796,707
 
Nihon Nohyaku Co., Ltd.
  243,500   1,104,750
 
Nihon Parkerizing Co., Ltd.
  517,500   5,022,262
 
Nihon Yamamura Glass Co., Ltd.
  80,200   634,620
 
Nippon Carbide Industries Co., Inc.
  46,200   493,922
 
Nippon Chemical Industrial Co., Ltd.
  42,600   827,177
 
Nippon Concrete Industries Co., Ltd.
  306,600   744,480
#*
Nippon Denko Co., Ltd.
  779,814   1,056,196
#
Nippon Fine Chemical Co., Ltd.
  81,500   1,119,389
 
Nippon Kayaku Co., Ltd.
  208,300   2,043,367
*
Nippon Kinzoku Co., Ltd.
  21,800   111,603
*
Nippon Koshuha Steel Co., Ltd.
  26,799   77,863
 
Nippon Light Metal Holdings Co., Ltd.
  3,894,800   6,417,517
 
Nippon Paper Industries Co., Ltd.
  450,400   5,672,039
 
Nippon Pillar Packing Co., Ltd.
  140,500   1,924,175
 
Nippon Soda Co., Ltd.
  169,100   4,342,761
 
Nippon Yakin Kogyo Co., Ltd.
  102,749   1,420,919
 
Nitta Gelatin, Inc.
  93,100   527,942
 
Nittetsu Mining Co., Ltd.
  38,400   1,467,737
#
Nozawa Corp.
  51,600   328,712
 
Oat Agrio Co., Ltd.
  18,000   169,119
 
Okamoto Industries, Inc.
  75,900   2,872,885
 
Okura Industrial Co., Ltd.
  56,100   739,140
 
Osaka Organic Chemical Industry, Ltd.
  100,800   2,480,753
 
Osaka Soda Co., Ltd.
  95,599   2,064,104
 
Osaka Steel Co., Ltd.
  92,600   875,365
 
OSAKA Titanium Technologies Co., Ltd.
  127,500   958,140
 
Pacific Metals Co., Ltd.
  105,399   1,485,535
 
Pack Corp. (The)
  94,000   2,355,690
#
Rasa Industries, Ltd.
  49,700   673,044
 
Riken Technos Corp.
  244,600   877,638
The Japanese Small Company Series
CONTINUED
      Shares   Value»
MATERIALS — (Continued)
 
Sakai Chemical Industry Co., Ltd.
  107,300   $1,960,487
 
Sakata INX Corp.
  289,100   2,672,659
 
Sanyo Chemical Industries, Ltd.
  94,900   4,045,257
 
Sanyo Special Steel Co., Ltd.
  133,860   964,207
 
Seiko PMC Corp.
  67,900   438,003
 
Sekisui Kasei Co., Ltd.
  160,200   776,045
 
Shikoku Chemicals Corp.
  250,900   2,588,780
#
Shinagawa Refractories Co., Ltd.
  37,800   727,695
 
Shin-Etsu Polymer Co., Ltd.
  303,500   2,460,249
 
SK Kaken Co., Ltd.
  1,100   400,561
 
Soken Chemical & Engineering Co., Ltd.
  50,300   549,941
 
Stella Chemifa Corp.
  69,700   1,791,112
 
Sumitomo Bakelite Co., Ltd.
  163,900   3,976,870
 
Sumitomo Osaka Cement Co., Ltd.
  259,399   8,725,959
 
Sumitomo Seika Chemicals Co., Ltd.
  60,800   1,929,650
 
T Hasegawa Co., Ltd.
  204,200   4,078,753
 
T&K Toka Co., Ltd.
  141,900   1,041,336
 
Taisei Lamick Co., Ltd.
  42,800   1,085,057
 
Taiyo Holdings Co., Ltd.
  132,300   6,250,197
 
Takasago International Corp.
  94,900   1,817,300
 
Takemoto Yohki Co., Ltd.
  35,000   264,011
 
Taoka Chemical Co., Ltd.
  4,700   548,318
 
Tayca Corp.
  119,400   1,448,467
 
Tenma Corp.
  120,300   1,745,699
 
Titan Kogyo, Ltd.
  5,100   79,423
 
Toagosei Co., Ltd.
  786,100   7,494,707
*
Toda Kogyo Corp.
  21,500   346,353
 
Toho Acetylene Co., Ltd.
  12,700   145,820
 
Toho Chemical Industry Co., Ltd.
  47,000   209,956
 
Toho Titanium Co., Ltd.
  220,900   1,186,267
*
Toho Zinc Co., Ltd.
  89,899   1,232,618
 
Tohoku Steel Co., Ltd.
  16,300   215,665
 
Tokushu Tokai Paper Co., Ltd.
  66,158   2,709,118
 
Tokuyama Corp.
  405,798   9,504,565
 
Tokyo Ohka Kogyo Co., Ltd.
  35,900   1,899,105
 
Tokyo Printing Ink Manufacturing Co., Ltd.
  10,200   190,788
*
Tokyo Rope Manufacturing Co., Ltd.
  101,700   489,156
 
Tokyo Steel Manufacturing Co., Ltd.
  677,200   3,824,800
 
Tokyo Tekko Co., Ltd.
  64,100   932,255
*
Tomoegawa Co., Ltd.
  33,600   284,863
 
Tomoku Co., Ltd.
  72,500   1,157,089
 
Topy Industries, Ltd.
  96,000   989,413
#
Toyo Gosei Co., Ltd.
  32,800   2,711,271
 
Toyo Ink SC Holdings Co., Ltd.
  242,300   4,368,307
 
Toyobo Co., Ltd.
  571,300   7,938,709
#
TYK Corp.
  159,900   407,839
 
UACJ Corp.
  211,841   3,576,072
 
Ube Industries, Ltd.
  229,000   3,740,059
 
Valqua, Ltd.
  111,999   1,923,575
 
Vertex Corp.
  45,998   750,374
#
Wavelock Holdings Co., Ltd.
  30,900   232,383
 
Wood One Co., Ltd.
  47,500   519,829
 
Yamato Kogyo Co., Ltd.
  217,100   4,428,882
 
Yodogawa Steel Works, Ltd.
  144,500   2,386,379
#
Yotai Refractories Co., Ltd.
  118,000   780,732
 
Yushiro Chemical Industry Co., Ltd.
  67,000   790,487
TOTAL MATERIALS
      314,778,077
The Japanese Small Company Series
CONTINUED
      Shares   Value»
REAL ESTATE — (1.8%)
 
AD Works Group Co., Ltd.
  194,879   $282,196
 
Airport Facilities Co., Ltd.
  148,670   562,086
#
Anabuki Kosan, Inc.
  12,900   170,681
#
Aoyama Zaisan Networks Co., Ltd.
  43,700   633,513
 
Apaman Co., Ltd.
  71,700   352,168
#
Arealink Co., Ltd.
  29,600   252,801
 
B-Lot Co., Ltd.
  40,000   211,513
#
Cosmos Initia Co., Ltd.
  97,700   343,016
 
Daibiru Corp.
  335,400   3,081,499
 
Dear Life Co., Ltd.
  132,800   598,971
 
Goldcrest Co., Ltd.
  111,870   1,383,751
 
Good Com Asset Co., Ltd.
  10,300   146,051
 
Grandy House Corp.
  99,000   318,323
 
Heiwa Real Estate Co., Ltd.
  236,600   5,775,128
 
Ichigo, Inc.
  1,187,800   2,785,123
*
Japan Asset Marketing Co., Ltd.
  1,337,600   1,319,953
#
Japan Corporate Housing Service, Inc.
  11,700   112,767
#
Japan Property Management Center Co., Ltd.
  83,400   947,328
 
JSB Co., Ltd.
  7,400   203,191
 
Katitas Co., Ltd.
  72,300   1,653,977
 
Keihanshin Building Co., Ltd.
  248,000   3,036,736
 
Kenedix, Inc.
  1,442,000   6,558,596
#*
Leopalace21 Corp.
  1,132,200   1,667,086
*
Miyakoshi Holdings, Inc.
  800   4,740
 
Mugen Estate Co., Ltd.
  64,200   286,140
#
Nippon Commercial Development Co., Ltd.
  82,300   1,107,001
 
Nisshin Group Holdings Co., Ltd.
  213,600   715,868
 
Prospect Co., Ltd.
  3,044,700   980,904
 
Raysum Co., Ltd.
  104,200   850,404
 
SAMTY Co., Ltd.
  145,350   1,579,668
 
Sankyo Frontier Co., Ltd.
  23,100   727,028
#
Sansei Landic Co., Ltd.
  29,100   208,704
#
Shinoken Group Co., Ltd.
  112,600   816,222
 
Star Mica Holdings Co., Ltd.
  92,100   1,016,381
 
Starts Corp., Inc.
  237,200   4,329,778
 
Sun Frontier Fudousan Co., Ltd.
  210,000   1,626,421
 
Takara Leben Co., Ltd.
  585,400   1,851,511
 
TOC Co., Ltd.
  353,750   2,114,871
#
Tokyo Rakutenchi Co., Ltd.
  19,000   684,755
#
Tokyo Theatres Co., Inc.
  49,899   538,262
 
Tosei Corp.
  241,500   1,869,540
 
Urbanet Corp. Co., Ltd.
  81,400   197,687
 
Yoshicon Co., Ltd.
  3,100   25,081
TOTAL REAL ESTATE
      53,927,420
UTILITIES — (1.6%)
 
EF-ON, Inc.
  88,520   478,595
 
eRex Co., Ltd.
  158,500   2,118,279
 
Hiroshima Gas Co., Ltd.
  326,000   1,093,919
 
Hokkaido Electric Power Co., Inc.
  1,211,300   4,680,555
 
Hokkaido Gas Co., Ltd.
  99,200   1,447,320
 
Hokuriku Electric Power Co.
  911,200   5,832,375
#
Hokuriku Gas Co., Ltd.
  10,100   295,978
 
K&O Energy Group, Inc.
  102,400   1,448,525
 
Nippon Gas Co., Ltd.
  210,300   9,871,503
 
Okinawa Electric Power Co., Inc. (The)
  346,816   5,407,277
*
RENOVA, Inc.
  147,600   1,485,682
#
Saibu Gas Co., Ltd.
  234,900   4,995,477
 
Shikoku Electric Power Co., Inc.
  370,000   2,489,685
The Japanese Small Company Series
CONTINUED
      Shares   Value»
UTILITIES — (Continued)
 
Shizuoka Gas Co., Ltd.
  362,600   $2,920,284
#
Toell Co., Ltd.
  57,500   365,678
#
West Holdings Corp.
  114,310   2,642,067
TOTAL UTILITIES
      47,573,199
TOTAL COMMON STOCKS

Cost ($2,841,190,298)
      2,875,074,176
    
        Value†
SECURITIES LENDING COLLATERAL — (2.4%)
@§
The DFA Short Term Investment Fund
  6,112,424 70,726,863
TOTAL INVESTMENTS — (100.0%)  
(Cost $2,911,896,442)^^
    $2,945,801,039
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
—   $83,369,154   —   $83,369,154
Consumer Discretionary
—   478,707,776   —   478,707,776
Consumer Staples
—   241,972,111   —   241,972,111
Energy
—   34,487,651   —   34,487,651
Financials
—   244,857,568   —   244,857,568
Health Care
—   136,646,435   —   136,646,435
Industrials
—   851,235,833   —   851,235,833
Information Technology
—   387,518,952   —   387,518,952
Materials
—   314,778,077   —   314,778,077
Real Estate
—   53,927,420   —   53,927,420
Utilities
—   47,573,199   —   47,573,199
Securities Lending Collateral
—   70,726,863   —   70,726,863
TOTAL
—   $2,945,801,039   —   $2,945,801,039
The Asia Pacific Small Company Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
      Shares   Value»
COMMON STOCKS — (97.5%)
AUSTRALIA — (55.9%)
*
3P Learning, Ltd.
  93,233   $69,613
 
A2B Australia, Ltd.
  267,268   169,086
 
Accent Group, Ltd.
  2,095,327   2,081,213
 
Adairs, Ltd.
  643,521   1,135,138
#
Adbri, Ltd.
  2,564,728   4,028,929
*
Advance NanoTek, Ltd.
  4,230   11,523
*
Ainsworth Game Technology, Ltd.
  424,317   123,874
#*
Alkane Resources, Ltd.
  2,214,509   1,964,269
 
Alliance Aviation Services, Ltd.
  104,215   230,884
 
ALS, Ltd.
  1,381,741   8,377,000
 
Altium, Ltd.
  171,850   4,015,140
#*
Altura Mining, Ltd.
  1,171,741   51,839
 
AMA Group, Ltd.
  2,283,100   849,266
#*
Amaysim Australia, Ltd.
  1,875,508   855,270
 
Ansell, Ltd.
  602,901   16,553,774
#
AP Eagers, Ltd.
  775,292   4,453,856
 
APN Property Group, Ltd.
  59,773   22,669
 
Appen, Ltd.
  41,643   1,060,705
*
Arafura Resources, Ltd.
  1,409,526   70,576
 
ARB Corp., Ltd.
  527,030   7,212,672
#*
Ardent Leisure Group, Ltd.
  3,232,361   751,283
 
Asaleo Care, Ltd.
  1,167,762   792,108
 
AUB Group, Ltd.
  478,705   4,470,248
 
Aurelia Metals, Ltd.
  3,920,282   1,536,816
 
Austal, Ltd.
  2,278,005   5,379,169
#*
Australian Agricultural Co., Ltd.
  3,439,805   2,503,407
#
Australian Ethical Investment, Ltd.
  22,322   96,542
 
Australian Finance Group, Ltd.
  1,604,223   1,922,551
 
Australian Pharmaceutical Industries, Ltd.
  2,800,624   2,216,379
#*
Australian Strategic Materials, Ltd.
  442,901   401,867
 
Australian Vintage, Ltd.
  4,317,004   1,323,759
#
Auswide Bank, Ltd.
  109,363   354,173
#
AVJennings, Ltd.
  7,058,528   2,896,528
*
AVZ Minerals, Ltd.
  1,847,793   73,529
*
Axsesstoday, Ltd.
  20,251   4,409
 
Baby Bunting Group, Ltd.
  364,553   904,705
#
Bank of Queensland, Ltd.
  2,458,045   10,400,537
 
Bapcor, Ltd.
  2,252,217   10,099,163
*
Base Resources, Ltd.
  393,323   58,662
 
Beach Energy, Ltd.
  1,595,333   1,598,832
#
Bega Cheese, Ltd.
  1,535,076   4,903,135
 
Bell Financial Group, Ltd.
  122,493   103,883
#
Bendigo & Adelaide Bank, Ltd.
  1,248,575   6,129,446
*
Berkeley Energia, Ltd.
  27,600   10,350
 
Bingo Industries, Ltd.
  841,528   1,156,220
 
Blackmores, Ltd.
  97,147   4,879,930
 
Bravura Solutions, Ltd.
  1,621,807   4,837,849
 
Breville Group, Ltd.
  821,653   15,153,830
 
Brickworks, Ltd.
  501,379   5,854,826
 
BWX, Ltd.
  587,374   1,639,431
#*
Byron Energy, Ltd.
  89,192   11,167
#*
Cann Group, Ltd.
  71,385   24,045
#
Capitol Health, Ltd.
  3,495,372   548,777
#*
Cardno, Ltd.
  1,127,842   258,688
#*
Carnarvon Petroleum, Ltd.
  3,381,086   445,396
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
AUSTRALIA — (Continued)
 
Carsales.com, Ltd.
  1,241,587   $16,231,381
#*
Cash Converters International, Ltd.
  3,582,331   463,059
#*
Catapult Group International, Ltd.
  401,552   468,954
 
CDS Technologies, Ltd.
  13,276   0
 
Cedar Woods Properties, Ltd.
  417,849   1,519,845
 
Centrebet Litigation
  81,336   0
 
Centrebet Litigation Claim
  81,336   0
#
Challenger, Ltd.
  677,497   2,089,084
*
Champion Iron, Ltd.
  204,512   410,308
 
Citadel Group, Ltd. (The)
  129,670   334,776
#
City Chic Collective, Ltd.
  187,917   457,950
 
Class, Ltd.
  386,717   371,163
 
Clean Seas Seafood, Ltd.
  87,730   34,565
#*
Clean TeQ Holdings, Ltd.
  86,928   10,027
 
Cleanaway Waste Management, Ltd.
  4,987,336   7,399,542
#
Clinuvel Pharmaceuticals, Ltd.
  108,279   1,707,871
#
Clover Corp., Ltd.
  365,203   579,142
 
Codan, Ltd.
  670,501   3,912,733
#
Collection House, Ltd.
  2,084,920   1,212,213
 
Collins Foods, Ltd.
  745,683   5,040,979
#*
Cooper Energy, Ltd.
  11,837,413   3,163,380
#
Corporate Travel Management, Ltd.
  520,840   3,258,348
 
Costa Group Holdings, Ltd.
  2,640,354   5,610,242
 
Credit Corp. Group, Ltd.
  495,925   6,672,271
 
CSR, Ltd.
  3,273,096   8,160,583
*
CuDeco, Ltd.
  387,893   12,221
*
Dacian Gold, Ltd.
  687,075   161,922
 
Data#3, Ltd.
  962,073   3,884,822
 
Decmil Group, Ltd.
  4,787,692   186,103
 
Dicker Data, Ltd.
  231,853   1,256,772
 
Domain Holdings Australia, Ltd.
  1,576,647   3,711,713
 
Downer EDI, Ltd.
  1,795,776   5,251,224
 
DWS, Ltd.
  514,109   308,160
*
Eclipx Group, Ltd.
  2,008,091   1,971,795
 
Elanor Investor Group
  58,263   43,233
 
Elders, Ltd.
  1,232,076   9,009,619
#*
Electro Optic Systems Holdings, Ltd.
  550,311   2,179,656
#*
Emeco Holdings, Ltd.
  976,666   707,480
#*
EML Payments, Ltd.
  1,313,870   2,935,146
*
Energy World Corp., Ltd.
  87,518   3,608
 
Enero Group, Ltd.
  10,609   10,987
 
EQT Holdings, Ltd.
  95,702   1,759,686
 
Estia Health, Ltd.
  1,663,088   1,725,816
 
Euroz, Ltd.
  108,281   91,694
#
EVENT Hospitality and Entertainment, Ltd.
  546,035   2,895,506
#*
FAR, Ltd.
  12,771,552   118,410
 
Finbar Group, Ltd.
  203,868   96,990
*
Fleetwood Corp., Ltd.
  347,465   377,623
#
FlexiGroup, Ltd.
  2,196,712   1,959,064
 
Flight Centre Travel Group, Ltd.
  52,732   400,169
#
Freedom Foods Group, Ltd.
  362,595   779,759
 
G8 Education, Ltd.
  5,105,803   2,937,264
#*
Galaxy Resources, Ltd.
  2,565,745   2,012,812
 
Genworth Mortgage Insurance Australia, Ltd.
  1,475,089   1,784,465
*
GetSwift, Ltd.
  28,980   17,180
*
Gold Road Resources, Ltd.
  3,183,092   4,285,068
 
GR Engineering Services, Ltd.
  55,230   33,840
#*
GrainCorp, Ltd., Class A
  1,547,172   4,096,965
#
Grange Resources, Ltd.
  449,866   80,296
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
AUSTRALIA — (Continued)
*
Greenland Minerals, Ltd.
  1,692,337   $221,481
 
GTN, Ltd.
  15,394   3,185
 
GUD Holdings, Ltd.
  789,679   6,301,089
#
GWA Group, Ltd.
  1,782,472   3,623,445
 
Hansen Technologies, Ltd.
  1,293,047   2,705,007
 
Healius, Ltd.
  4,144,191   9,606,502
#
Helloworld Travel, Ltd.
  51,371   57,654
*
Highfield Resources, Ltd.
  160,730   45,911
*
Horizon Oil, Ltd.
  714,889   31,120
#
HT&E, Ltd.
  1,714,131   1,466,070
#
HUB24, Ltd.
  270,391   2,589,242
*
IDM International, Ltd.
  958   0
 
IGO, Ltd.
  3,070,006   10,105,030
 
Iluka Resources, Ltd.
  1,515,047   9,830,901
*
Image Resources NL
  332,933   48,904
 
Imdex, Ltd.
  2,381,029   2,252,158
*
Immutep, Ltd.
  140,912   18,281
*
ImpediMed, Ltd.
  417,437   22,395
 
Incitec Pivot, Ltd.
  965,685   1,265,808
#
Infigen Energy
  6,695,697   4,389,757
 
Infomedia, Ltd.
  2,776,535   3,664,747
#
Inghams Group, Ltd.
  2,191,759   5,164,722
*
Intega Group, Ltd.
  1,127,842   250,362
 
Integral Diagnostics, Ltd.
  304,532   806,273
#
Integrated Research, Ltd.
  611,969   1,777,029
#
InvoCare, Ltd.
  1,035,492   7,057,734
*
ioneer, Ltd.
  330,187   29,534
 
IOOF Holdings, Ltd.
  2,149,859   6,976,937
 
IPH, Ltd.
  1,243,670   6,590,449
 
IRESS, Ltd.
  1,225,060   8,999,787
 
IVE Group, Ltd.
  578,489   325,226
 
Japara Healthcare, Ltd.
  1,740,742   593,088
#
JB Hi-Fi, Ltd.
  426,118   13,955,206
 
Johns Lyng Group, Ltd.
  198,508   341,494
#
Jumbo Interactive, Ltd.
  208,843   1,617,010
#
Jupiter Mines, Ltd.
  4,784,049   1,006,341
 
K&S Corp., Ltd.
  152,347   130,974
#*
Karoon Energy, Ltd.
  3,390,788   1,719,055
*
Kingsgate Consolidated, Ltd.
  1,825,067   736,952
#
Kogan.com, Ltd.
  290,516   3,456,141
 
Lednium Technology Pty, Ltd.
  195,019   0
 
Lifestyle Communities, Ltd.
  132,875   820,152
 
Link Administration Holdings, Ltd.
  944,479   2,682,155
#
Lovisa Holdings, Ltd.
  122,612   554,181
#*
Lynas Corp., Ltd.
  4,844,493   7,787,815
 
MACA, Ltd.
  1,272,720   849,414
 
Macmahon Holdings, Ltd.
  5,344,671   971,472
*
MaxiTRANS Industries, Ltd.
  75,315   7,576
*
Mayne Pharma Group, Ltd.
  10,001,898   2,801,047
 
McMillan Shakespeare, Ltd.
  490,350   3,095,613
 
McPherson's, Ltd.
  568,858   1,197,480
*
Medusa Mining, Ltd.
  475,938   291,663
#*
Mesoblast, Ltd.
  630,272   1,675,692
#*
Metals X, Ltd.
  3,793,124   231,580
#
Metcash, Ltd.
  7,963,936   15,358,297
 
Michael Hill International, Ltd.
  1,490,263   330,331
 
Michael Hill International, Ltd.
  94,305   22,208
*
Millennium Minerals, Ltd.
  1,065,474   14,539
*
Mincor Resources NL
  55,124   28,692
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
AUSTRALIA — (Continued)
 
Mineral Resources, Ltd.
  1,032,969   $19,020,937
#*
MMA Offshore, Ltd.
  4,757,868   183,672
#
MNF Group, Ltd.
  194,514   756,217
 
Moelis Australia, Ltd.
  72,907   171,468
 
Monadelphous Group, Ltd.
  566,488   3,576,125
 
Monash IVF Group, Ltd.
  1,738,681   650,190
#
Money3 Corp., Ltd.
  926,438   1,122,083
*
Morning Star Gold NL
  332,749   0
 
Mortgage Choice, Ltd.
  814,098   403,852
#*
Motorcycle Holdings, Ltd.
  19,615   25,010
 
Mount Gibson Iron, Ltd.
  3,605,253   1,821,100
#*
Myanmar Metals, Ltd.
  494,858   28,313
#*
Myer Holdings, Ltd.
  3,707,181   539,198
 
MyState, Ltd.
  534,849   1,446,391
 
Navigator Global Investments, Ltd.
  962,069   908,683
#*
nearmap, Ltd.
  1,327,876   2,149,504
#
Neometals, Ltd.
  626,513   72,091
 
Netwealth Group, Ltd.
  365,621   3,139,928
 
New Energy Solar, Ltd.
  196,155   143,457
 
New Hope Corp., Ltd.
  2,234,532   2,095,712
*
NEXTDC, Ltd.
  1,932,211   15,640,873
 
nib holdings, Ltd.
  3,098,293   9,747,546
#
Nick Scali, Ltd.
  400,543   2,094,852
 
Nine Entertainment Co. Holdings, Ltd.
  9,297,395   8,926,045
 
NRW Holdings, Ltd.
  2,939,598   3,836,548
*
Nufarm, Ltd.
  1,868,539   5,347,762
#
OFX Group, Ltd.
  1,813,799   1,605,975
 
OM Holdings, Ltd.
  342,290   80,281
 
Omni Bridgeway, Ltd.
  2,357,576   7,714,892
#*
Onevue Holdings, Ltd.
  857,257   229,184
 
oOh!media, Ltd.
  3,082,993   1,626,292
#*
Orocobre, Ltd.
  141,073   300,349
 
Orora, Ltd.
  6,339,374   10,363,869
#
Over the Wire Holdings, Ltd.
  14,661   39,943
 
OZ Minerals, Ltd.
  2,218,981   21,537,138
 
Pacific Current Group, Ltd.
  248,331   1,007,129
#
Pacific Smiles Group, Ltd.
  262,416   272,321
#*
Pact Group Holdings, Ltd.
  1,422,949   2,135,414
#*
Paladin Energy, Ltd.
  1,235,586   111,326
*
Panoramic Resources, Ltd.
  12,524,208   603,215
#*
Pantoro, Ltd.
  632,837   121,450
 
Peet, Ltd.
  928,220   568,012
 
Pendal Group, Ltd.
  1,950,282   8,060,939
 
People Infrastructure, Ltd.
  39,313   54,849
 
Perenti Global, Ltd.
  4,835,224   4,139,866
#
Perpetual, Ltd.
  405,248   8,807,045
*
Perseus Mining, Ltd.
  9,066,296   10,320,835
#
Platinum Asset Management, Ltd.
  2,013,396   5,352,480
*
Poseidon Nickel, Ltd.
  643,832   13,326
#*
Praemium, Ltd.
  1,152,591   359,158
 
Premier Investments, Ltd.
  622,552   7,412,530
 
Pro Medicus, Ltd.
  300,101   5,129,219
 
Propel Funeral Partners, Ltd.
  15,509   30,069
 
PSC Insurance Group, Ltd.
  90,072   161,117
 
PWR Holdings, Ltd.
  169,474   530,154
*
Quickstep Holdings, Ltd.
  134,452   8,639
 
Ramelius Resources, Ltd.
  4,758,357   7,522,014
 
Reckon, Ltd.
  446,073   218,759
#*
Red 5, Ltd.
  2,446,021   441,949
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
AUSTRALIA — (Continued)
 
Redcape Hotel Group
  111,772   $52,902
 
Regis Healthcare, Ltd.
  1,131,251   1,069,686
 
Regis Resources, Ltd.
  3,188,786   12,993,643
#*
Reject Shop, Ltd. (The)
  109,654   480,911
 
Reliance Worldwide Corp., Ltd.
  2,602,124   4,950,970
#
Resimac Group, Ltd.
  11,841   8,480
#*
Resolute Mining, Ltd.
  9,170,450   8,763,234
*
Retail Food Group, Ltd.
  499,083   22,491
#
Rhipe, Ltd.
  298,914   400,117
#
Ridley Corp., Ltd.
  1,862,695   987,471
#*
RPMGlobal Holdings, Ltd.
  192,851   129,719
 
Salmat, Ltd.
  667,137   319,346
 
Sandfire Resources, Ltd.
  1,249,475   4,246,526
*
Saracen Mineral Holdings, Ltd.
  6,862,422   29,912,884
 
SeaLink Travel Group, Ltd.
  390,161   1,179,615
 
Select Harvests, Ltd.
  697,602   2,978,740
*
Senex Energy, Ltd.
  9,572,408   1,857,673
#
Servcorp, Ltd.
  366,667   543,842
 
Service Stream, Ltd.
  2,572,185   3,279,881
#*
Seven West Media, Ltd.
  5,378,078   380,321
 
SG Fleet Group, Ltd.
  393,656   423,992
 
Sigma Healthcare, Ltd.
  6,192,917   2,947,308
*
Silver Lake Resources, Ltd.
  7,807,789   13,975,024
#*
Silver Mines, Ltd.
  318,112   50,034
 
Sims, Ltd.
  1,162,937   6,543,817
 
SmartGroup Corp., Ltd.
  674,100   2,899,929
 
Southern Cross Media Group, Ltd.
  13,206,930   1,531,677
 
Spark Infrastructure Group
  11,180,077   18,040,976
#*
SpeedCast International, Ltd.
  1,707,915   722,980
#
SRG Global, Ltd.
  330,321   66,721
 
St Barbara, Ltd.
  5,157,916   12,672,075
 
Stanmore Coal, Ltd.
  46,807   19,505
 
Star Entertainment Grp, Ltd. (The)
  2,549,167   4,609,060
 
Steadfast Group, Ltd.
  5,683,479   13,633,787
#*
Strike Energy, Ltd.
  2,846,114   395,083
 
Sunland Group, Ltd.
  1,211,896   1,020,010
 
Super Retail Group, Ltd.
  1,139,326   7,201,080
*
Superloop, Ltd.
  689,422   548,849
#*
Syrah Resources, Ltd.
  2,327,569   554,812
 
Tassal Group, Ltd.
  1,531,815   3,937,714
 
Technology One, Ltd.
  1,748,272   10,491,362
*
Tiger Resources, Ltd.
  9,447,997   1,769
 
Tribune Resources, Ltd.
  14,725   76,255
*
Troy Resources, Ltd.
  372,547   24,165
#*
United Malt Grp, Ltd.
  1,771,214   5,080,232
 
Village Roadshow, Ltd.
  942,069   1,463,665
#
Virgin Australia Holdings, Ltd.
  7,648,897   0
*
Virgin Australia Holdings, Ltd.
  11,131,924   0
 
Virtus Health, Ltd.
  553,707   1,150,464
 
Vita Group, Ltd.
  450,191   329,579
 
Viva Energy Group, Ltd.
  2,728,810   3,115,593
*
Vocus Group, Ltd.
  4,091,642   8,438,731
#*
Wagners Holding Co., Ltd.
  122,838   83,247
#
Webjet, Ltd.
  2,056,935   4,107,486
 
Western Areas, Ltd.
  1,961,504   3,364,746
#*
Westgold Resources, Ltd.
  2,414,524   4,151,216
 
Whitehaven Coal, Ltd.
  4,887,743   4,834,241
 
WPP AUNZ, Ltd.
  1,788,160   383,047
TOTAL AUSTRALIA
      835,953,306
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
CHINA — (0.9%)
 
APT Satellite Holdings, Ltd.
  80,500   $24,947
*
China Display Optoelectronics Technology Holdings, Ltd.
  6,384,000   368,164
 
CITIC Telecom International Holdings, Ltd.
  13,794,125   4,378,689
 
K Wah International Holdings, Ltd.
  1,360,000   573,972
 
KWG Group Holdings, Ltd.
  100,000   178,365
*
Leyou Technologies Holdings, Ltd.
  2,990,000   1,181,413
 
SITC International Holdings Co., Ltd.
  6,142,000   6,161,436
 
TK Group Holdings, Ltd.
  1,482,000   399,619
TOTAL CHINA
      13,266,605
HONG KONG — (20.8%)
 
Aeon Credit Service Asia Co., Ltd.
  986,000   679,869
 
Allied Group, Ltd.
  655,200   5,415,871
 
Allied Properties HK, Ltd.
  12,947,857   3,192,402
 
APAC Resources, Ltd.
  3,766,513   461,999
*
Apollo Future Mobility Group, Ltd.
  8,436,000   506,212
#*
Applied Development Holdings, Ltd.
  14,125,000   254,320
*
Arts Optical International Hldgs, Ltd.
  674,000   73,940
#
Asia Financial Holdings, Ltd.
  2,404,908   1,125,522
 
Asia Standard Hotel Group, Ltd.
  16,071,654   428,313
 
Asia Standard International Group, Ltd.
  13,222,917   1,519,555
 
Asiasec Properties, Ltd.
  1,737,000   266,448
 
Associated International Hotels, Ltd.
  952,000   1,701,004
 
Automated Systems Holdings, Ltd.
  340,400   41,728
 
Bel Global Resources Holdings, Ltd.
  2,576,000   0
*
Best Food Holding Co., Ltd.
  996,000   82,483
 
BOC Aviation, Ltd.
  206,500   1,195,316
 
BOCOM International Holdings Co., Ltd.
  817,000   106,565
 
BOE Varitronix, Ltd.
  3,807,293   1,037,272
#
Bright Smart Securities & Commodities Group, Ltd.
  5,788,000   1,435,784
*
Brightoil Petroleum Holdings, Ltd.
  9,034,000   327,892
 
Build King Holdings, Ltd.
  440,000   40,932
*
Burwill Holdings, Ltd.
  37,300,960   64,011
 
Cafe de Coral Holdings, Ltd.
  3,090,000   6,192,840
#*
Camsing International Holding, Ltd.
  3,238,000   90,869
 
Century City International Holdings, Ltd.
  7,111,460   385,464
#
CGN Mining Co., Ltd.
  5,195,000   218,096
 
Chen Hsong Holdings
  1,296,000   289,549
 
Cheuk Nang Holdings, Ltd.
  753,768   349,775
#
Chevalier International Holdings, Ltd.
  820,989   1,026,025
*
China Baoli Technologies Holdings, Ltd.
  1,147,500   2,621
#*
China Best Group Holding, Ltd.
  4,250,000   62,702
*
China Boton Group Co., Ltd.
  495,028   116,933
#*
China Energy Development Holdings, Ltd.
  61,178,000   1,191,725
 
China Motor Bus Co., Ltd.
  67,800   810,240
 
China New Higher Education Group, Ltd.
  133,000   92,359
*
China Solar Energy Holdings, Ltd.
  1,669,500   7,270
#
China Star Entertainment, Ltd.
  11,410,000   2,397,873
#*
China Strategic Holdings, Ltd.
  80,821,250   615,761
*
China Tonghai International Financial, Ltd.
  1,300,000   39,999
 
Chinese Estates Holdings, Ltd.
  3,459,000   2,285,958
*
Chinlink International Holdings, Ltd.
  944,800   71,987
 
Chinney Investments, Ltd.
  1,180,000   249,515
 
Chong Hing Bank, Ltd.
  234,000   269,599
 
Chow Sang Sang Holdings International, Ltd.
  2,417,000   2,576,498
 
Chuang's China Investments, Ltd.
  8,811,407   409,683
 
Chuang's Consortium International, Ltd.
  7,519,043   950,278
#
CK Life Sciences Intl Holdings, Inc.
  18,634,000   2,455,885
 
CMBC Capital Holdings, Ltd.
  7,890,000   142,407
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
HONG KONG — (Continued)
 
CNQC International Holdings, Ltd.
  4,627,500   $370,813
 
CNT Group, Ltd.
  7,979,264   386,757
 
Convenience Retail Asia, Ltd.
  664,000   316,856
#*
Convoy Global Holdings, Ltd.
  38,622,000   155,977
*
Cosmopolitan International Holdings, Ltd.
  466,000   67,315
#
Cowell e Holdings, Inc.
  4,444,000   1,928,706
 
Cross-Harbour Holdings, Ltd. (The)
  1,596,645   2,225,704
 
CSI Properties, Ltd.
  47,866,383   1,469,744
*
CST Group, Ltd.
  144,064,000   481,378
*
CW Group Holdings, Ltd.
  1,361,500   7,607
 
Dah Sing Banking Group, Ltd.
  3,977,516   3,595,998
 
Dah Sing Financial Holdings, Ltd.
  1,509,744   4,172,119
 
Dickson Concepts International, Ltd.
  1,620,500   962,952
*
Digital Domain Holdings, Ltd.
  2,310,000   16,096
#
Dynamic Holdings, Ltd.
  78,000   120,148
 
Eagle Nice International Holdings, Ltd.
  2,194,000   770,090
 
EcoGreen International Group, Ltd.
  1,994,640   303,795
*
eForce Holdings, Ltd.
  8,784,000   114,579
*
Emperor Capital Group, Ltd.
  32,721,000   681,178
 
Emperor Entertainment Hotel, Ltd.
  5,005,000   710,837
#
Emperor International Holdings, Ltd.
  10,584,753   1,667,106
 
Emperor Watch & Jewellery, Ltd.
  35,970,000   539,404
*
Energy International Investments Holdings, Ltd.
  1,960,000   18,210
#*
ENM Holdings, Ltd.
  16,260,000   1,490,116
*
Esprit Holdings, Ltd.
  17,302,750   2,056,961
*
Eternity Investment, Ltd.
  820,000   14,882
 
Ezcom Holdings, Ltd.
  72,576   0
#
Fairwood Holdings, Ltd.
  826,100   1,769,970
 
Far East Consortium International, Ltd.
  11,349,130   3,368,344
#*
FIH Mobile, Ltd.
  32,149,000   3,565,066
 
First Pacific Co., Ltd.
  16,650,000   3,476,156
*
First Shanghai Investments, Ltd.
  6,496,000   323,109
 
Fountain SET Holdings, Ltd.
  6,594,000   765,615
 
Four Seas Mercantile Holdings, Ltd.
  610,000   203,486
*
Freeman Fintech Corp, Ltd.
  13,680,000   119,144
 
GDH Guangnan Holdings., Ltd.
  2,083,600   191,125
#*
Genting Hong Kong, Ltd.
  483,000   30,878
 
Get Nice Financial Group, Ltd.
  2,438,600   213,943
 
Get Nice Holdings, Ltd.
  59,028,000   1,287,758
 
Giordano International, Ltd.
  12,218,000   1,799,202
 
Glorious Sun Enterprises, Ltd.
  4,196,000   454,746
*
Glory Sun Land Group, Ltd.
  2,628,500   155,889
 
Gold Peak Industries Holdings, Ltd.
  3,029,642   226,634
 
Golden Resources Development International, Ltd.
  4,082,500   263,618
#*
Gold-Finance Holdings, Ltd.
  9,580,000   16,687
*
Good Resources Holdings, Ltd.
  9,720,000   112,907
*
Goodbaby International Holdings, Ltd.
  6,835,000   1,137,969
*
GR Properties, Ltd.
  2,700,000   473,863
 
Great Eagle Holdings, Ltd.
  1,068,349   2,418,527
#*
Great Harvest Maeta Group Holdings, Ltd.
  962,500   124,181
*
Greater Bay Area Investments Group Holdings, Ltd.
  18,640,000   24,051
*
Greentech Technology International, Ltd.
  8,860,000   115,812
*
G-Resources Group, Ltd.
  247,791,600   1,566,174
 
Guoco Group, Ltd.
  2,000   27,244
#
Guotai Junan International Holdings, Ltd.
  31,755,797   4,513,762
#
Haitong International Securities Group, Ltd.
  21,115,400   5,702,199
 
Hang Lung Group, Ltd.
  2,369,000   5,732,979
 
Hanison Construction Holdings, Ltd.
  2,713,649   357,152
*
Hao Tian Development Group, Ltd.
  19,082,400   737,798
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
HONG KONG — (Continued)
#
Harbour Centre Development, Ltd.
  935,500   $938,925
#
HKBN, Ltd.
  4,053,000   7,487,080
*
HKBridge Financial Holdings, Ltd.
  103,000   6,659
 
HKR International, Ltd.
  7,149,369   2,851,472
 
Hon Kwok Land Investment Co., Ltd.
  388,800   130,454
 
Hong Kong Ferry Holdings Co., Ltd.
  1,007,300   753,449
*
Hong Kong Finance Investment Holding Group, Ltd.
  8,042,000   684,719
 
Hong Kong Shanghai Alliance Holdings, Ltd.
  246,002   8,582
 
Hongkong & Shanghai Hotels, Ltd. (The)
  3,648,489   2,991,407
 
Hongkong Chinese, Ltd.
  5,038,000   439,238
 
Hop Hing Group Holdings, Ltd.
  12,000,000   87,450
#
Hsin Chong Group Holdings, Ltd.
  10,243,403   86,702
 
Hung Hing Printing Group, Ltd.
  3,040,000   380,460
 
Hutchison Telecommunications Hong Kong Holdings, Ltd.
  13,438,000   2,201,630
 
Hypebeast, Ltd.
  447,500   39,944
 
Hysan Development Co., Ltd.
  1,783,000   4,925,834
*
I-CABLE Communications, Ltd.
  4,080,000   32,610
*
Imagi International Holdings, Ltd.
  2,388,984   248,188
 
International Housewares Retail Co., Ltd.
  2,042,000   582,389
 
IPE Group, Ltd.
  3,345,000   287,369
*
IRC, Ltd.
  37,862,266   483,714
 
IT, Ltd.
  5,128,532   662,263
#
ITC Properties Group, Ltd.
  6,205,100   695,900
 
Jacobson Pharma Corp., Ltd.
  3,616,000   523,220
 
Johnson Electric Holdings, Ltd.
  2,863,992   5,270,911
*
Kader Holdings Co., Ltd.
  578,000   47,077
 
Kam Hing International Holdings, Ltd.
  1,822,000   94,034
 
Karrie International Holdings, Ltd.
  2,440,000   349,774
#
Keck Seng Investments
  912,600   353,161
 
Kerry Logistics Network, Ltd.
  4,045,000   6,630,206
 
Kerry Properties, Ltd.
  848,500   2,019,093
 
Kingmaker Footwear Holdings, Ltd.
  1,878,955   152,750
 
Kowloon Development Co., Ltd.
  3,133,000   3,338,028
 
Kwoon Chung Bus Holdings, Ltd.
  44,000   12,378
#
Lai Sun Development Co., Ltd.
  1,976,896   2,114,997
 
Lai Sun Garment International, Ltd.
  665,530   675,188
 
Lam Soon Hong Kong, Ltd.
  317,310   540,968
*
Landing International Development, Ltd.
  6,745,600   211,717
 
Landsea Green Properties Co., Ltd.
  3,016,000   256,899
 
Langham Hospitality Investments and Langham Hospitality Investments, Ltd.
  2,532,500   311,101
#*
Lerthai Group, Ltd.
  40,000   21,155
 
Lifestyle International Holdings, Ltd.
  3,713,000   3,011,169
 
Lippo China Resources, Ltd.
  21,162,000   387,711
 
Lippo, Ltd.
  1,161,700   356,819
 
Liu Chong Hing Investment, Ltd.
  1,511,200   1,281,178
 
L'Occitane International SA
  2,278,500   3,832,367
 
Luk Fook Holdings International, Ltd.
  3,704,000   7,945,403
 
Luks Group Vietnam Holdings Co., Ltd.
  514,913   83,102
 
Lung Kee Bermuda Holdings
  1,521,875   412,417
*
Macau Legend Development, Ltd.
  19,573,000   2,526,628
 
Magnificent Hotel Investment, Ltd.
  13,170,000   174,933
 
Man Wah Holdings, Ltd.
  14,769,200   16,774,435
#
Mason Group Holdings, Ltd.
  111,713,399   592,000
 
Master Glory Group, Ltd.
  972,981   6,126
 
Matrix Holdings, Ltd.
  1,067,414   385,822
 
Melbourne Enterprises, Ltd.
  39,500   870,123
#
Melco International Development, Ltd.
  2,383,000   4,498,638
*
Midland Holdings, Ltd.
  4,053,897   381,990
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
HONG KONG — (Continued)
 
Ming Fai International Holdings, Ltd.
  2,064,000   $175,771
 
Miramar Hotel & Investment
  1,144,000   1,836,531
 
Modern Dental Group, Ltd.
  2,865,000   488,607
#
Nameson Holdings, Ltd.
  7,744,000   359,729
 
Nanyang Holdings, Ltd.
  133,500   707,070
 
National Electronics Hldgs
  2,668,600   358,039
*
National United Resources Holdings, Ltd.
  18,280,000   62,739
*
Neo-Neon Holdings, Ltd.
  2,315,500   194,026
 
New Century Group Hong Kong, Ltd.
  2,143,464   25,731
#*
NewOcean Energy Holdings, Ltd.
  9,666,000   886,592
*
Nimble Holdings Co., Ltd.
  328,000   21,798
 
NOVA Group Holdings, Ltd.
  165,000   3,084
#
NWS Holdings, Ltd.
  644,000   499,192
 
OP Financial, Ltd.
  8,112,000   1,110,519
 
Oriental Watch Holdings
  3,590,800   907,880
#
Oshidori International Holdings, Ltd.
  20,024,400   2,508,565
 
Pacific Andes International Holdings, Ltd.
  19,435,067   68,710
 
Pacific Basin Shipping, Ltd.
  35,159,000   4,317,031
 
Pacific Textiles Holdings, Ltd.
  8,566,000   4,003,592
 
Pak Fah Yeow International, Ltd.
  5,000   1,233
 
Paliburg Holdings, Ltd.
  3,180,830   750,597
#*
Paradise Entertainment, Ltd.
  3,672,000   450,425
*
PC Partner Group, Ltd.
  2,362,000   469,926
 
PCCW, Ltd.
  3,280,000   1,849,111
#*
Peace Mark Holdings, Ltd.
  2,479,870   0
*
Pegasus International Holdings, Ltd.
  100,000   7,807
 
Perfect Shape Medical, Ltd.
  3,452,000   1,334,057
#
Pico Far East Holdings, Ltd.
  5,924,000   779,759
 
Playmates Holdings, Ltd.
  7,082,000   776,788
*
Playmates Toys, Ltd.
  1,564,000   49,458
 
Plover Bay Technologies, Ltd.
  2,032,000   267,295
 
Pokfulam Development Co., Ltd.
  224,000   333,941
 
Polytec Asset Holdings, Ltd.
  13,613,026   1,266,029
*
PT International Development Co., Ltd.
  8,345,150   295,854
 
Public Financial Holdings, Ltd.
  3,114,000   764,144
*
PYI Corp., Ltd.
  26,865,973   242,537
 
PYXIS Group, Ltd.
  1,936,000   0
*
Rare Earth Magnesium Technology Group Holdings, Ltd.
  10,170,000   112,757
 
Regal Hotels International Holdings, Ltd.
  2,953,800   1,086,636
 
Regina Miracle International Holdings, Ltd.
  2,346,000   674,920
#
Sa Sa International Holdings, Ltd.
  11,060,747   1,601,461
 
Safety Godown Co., Ltd.
  400,000   397,027
 
SAS Dragon Holdings, Ltd.
  2,182,000   664,409
#
SEA Holdings, Ltd.
  1,711,523   1,339,065
 
Shangri-La Asia, Ltd.
  1,698,000   1,228,594
 
Shenwan Hongyuan HK, Ltd.
  4,426,250   605,532
 
Shun Ho Property Investments, Ltd.
  1,254,757   286,703
 
Shun Tak Holdings, Ltd.
  11,755,419   4,235,116
*
Sincere Watch Hong Kong, Ltd.
  4,450,000   40,237
 
Sing Pao Media Enterprises
  250,511   0
 
Sing Tao News Corp., Ltd.
  1,974,000   386,969
 
Singamas Container Holdings, Ltd.
  12,802,000   594,538
 
Sitoy Group Holdings, Ltd.
  2,247,000   107,361
 
SmarTone Telecommunications Holdings, Ltd.
  3,667,981   1,915,592
*
SOCAM Development, Ltd.
  1,372,170   272,938
*
Solomon Systech International, Ltd.
  11,900,000   344,142
 
Soundwill Holdings, Ltd.
  690,500   606,246
*
South China Holdings Co., Ltd.
  17,774,502   302,659
 
Stella International Holdings, Ltd.
  2,604,500   2,533,045
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
HONG KONG — (Continued)
*
Success Universe Group, Ltd.
  6,716,000   $138,649
#*
Summit Ascent Holdings, Ltd.
  7,740,000   480,257
 
Sun Hung Kai & Co., Ltd.
  5,271,429   2,035,334
#
SUNeVision Holdings, Ltd.
  2,402,000   1,795,494
#
TAI Cheung Holdings, Ltd.
  2,327,000   1,471,865
 
Tai Sang Land Development, Ltd.
  798,910   418,592
*
Talent Property Group, Ltd.
  4,305,000   13,882
#
Tan Chong International, Ltd.
  1,176,000   329,774
#
Tao Heung Holdings, Ltd.
  1,802,000   204,730
 
Television Broadcasts, Ltd.
  2,926,700   3,410,989
*
Termbray Industries International Holdings, Ltd.
  1,314,900   47,147
 
Texwinca Holdings, Ltd.
  6,828,000   969,482
*
Theme International Holdings, Ltd.
  5,990,000   71,407
 
Tian Teck Land, Ltd.
  1,024,000   713,548
#*
TOM Group, Ltd.
  1,146,000   203,429
#*
Town Health International Medical Group, Ltd.
  5,606,115   93,311
 
Tradelink Electronic Commerce, Ltd.
  6,206,000   712,953
 
Transport International Holdings, Ltd.
  1,590,602   2,959,896
 
Union Medical Healthcare, Ltd.
  1,377,097   728,801
 
United Laboratories International Holdings, Ltd. (The)
  6,644,000   6,201,107
*
Universal Technologies Holdings, Ltd.
  1,730,000   25,496
*
Up Energy Development Group, Ltd.
  3,929,000   12,268
#
Value Partners Group, Ltd.
  4,836,000   2,436,671
#
Valuetronics Holdings, Ltd.
  3,079,850   1,281,195
 
Vanke Overseas Investment Holding Co., Ltd.
  49,000   16,382
 
Vantage International Holdings, Ltd.
  1,976,000   209,441
 
Vedan International Holdings, Ltd.
  3,576,000   373,723
#
Vitasoy International Holdings, Ltd.
  1,901,000   7,226,800
#
VPower Group International Holdings, Ltd.
  779,000   310,776
#
VSTECS Holdings, Ltd.
  6,665,600   3,918,119
 
VTech Holdings, Ltd.
  1,438,200   7,802,523
 
Wai Kee Holdings, Ltd.
  7,038,738   3,446,914
 
Wang On Group, Ltd.
  40,100,000   362,190
 
Win Hanverky Holdings, Ltd.
  316,000   15,931
 
Wing On Co. International, Ltd.
  759,000   1,723,905
 
Wing Tai Properties, Ltd.
  2,187,331   1,195,027
 
Wonderful Sky Financial Group Holdings, Ltd.
  1,386,000   127,428
 
Xinyi Glass Holdings, Ltd.
  1,660,000   2,435,468
 
YGM Trading, Ltd.
  401,000   113,785
#
YT Realty Group, Ltd.
  3,450,008   977,832
 
Yue Yuen Industrial Holdings, Ltd.
  1,737,500   2,757,661
#*
Yunfeng Financial Group, Ltd.
  280,000   122,548
 
Zensun Enterprises, Ltd.
  2,280,000   129,600
#*
Zhaobangji Properties Holdings, Ltd.
  784,000   113,305
TOTAL HONG KONG
      310,276,370
JAPAN — (0.0%)
#
Honma Golf, Ltd.
  1,060,000   450,165
NEW ZEALAND — (6.7%)
#
Abano Healthcare Group, Ltd.
  68,521   124,886
 
Air New Zealand, Ltd.
  218,896   194,861
#
Arvida Group, Ltd.
  794,134   843,745
 
Briscoe Group, Ltd.
  5,431   12,319
*
CBL Corp., Ltd.
  47,180   18,599
 
Chorus, Ltd.
  3,219,258   15,906,274
 
Colonial Motor Co., Ltd. (The)
  144,588   654,676
#*
Comvita, Ltd.
  52,637   104,023
*
Eroad, Ltd.
  5,297   11,960
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
NEW ZEALAND — (Continued)
 
Fletcher Building, Ltd.
  515,327   $1,158,382
 
Freightways, Ltd.
  984,862   4,585,646
 
Genesis Energy, Ltd.
  1,931,102   3,745,159
#
Gentrack Group, Ltd.
  71,302   60,630
 
Hallenstein Glasson Holdings, Ltd.
  326,057   743,619
 
Heartland Group Holdings, Ltd.
  1,963,362   1,716,674
 
Infratil, Ltd.
  4,181,110   13,426,954
#
Investore Property, Ltd.
  551,549   729,776
 
Kathmandu Holdings, Ltd.
  2,598,560   1,965,011
 
Mainfreight, Ltd.
  304,611   9,520,567
 
Metlifecare, Ltd.
  1,045,171   4,095,363
 
Millennium & Copthorne Hotels New Zealand, Ltd.
  386,829   471,062
 
NEW Zealand King Salmon Investments, Ltd.
  51,906   63,072
 
New Zealand Refining Co., Ltd. (The)
  965,490   456,192
#*
NZME, Ltd.
  945,851   151,683
 
NZX, Ltd.
  1,414,768   1,372,236
 
Oceania Healthcare, Ltd.
  629,369   421,938
*
Pacific Edge, Ltd.
  546,889   272,629
 
PGG Wrightson, Ltd.
  120,785   225,369
 
Port of Tauranga, Ltd.
  244,812   1,255,680
*
Pushpay Holdings, Ltd.
  815,501   4,310,949
*
Restaurant Brands New Zealand, Ltd.
  171,783   1,362,184
*
Richina Pacific Ltd.
  274,180   0
 
Sanford, Ltd.
  394,135   1,702,758
 
Scales Corp., Ltd.
  462,215   1,612,344
 
Scott Technology, Ltd.
  47,518   55,419
*
Serko, Ltd.
  49,653   115,948
#
Skellerup Holdings, Ltd.
  806,301   1,305,876
*
SKY Network Television, Ltd.
  2,821,003   241,728
 
SKYCITY Entertainment Group, Ltd.
  5,101,527   8,446,780
 
Steel & Tube Holdings, Ltd.
  575,667   212,940
 
Summerset Group Holdings, Ltd.
  1,369,259   7,160,297
*
Synlait Milk, Ltd.
  375,719   1,719,633
#
Tourism Holdings, Ltd.
  712,961   891,277
*
TOWER, Ltd.
  2,581,956   1,028,280
#
Trustpower, Ltd.
  252,846   1,113,573
 
Turners Automotive Group, Ltd.
  50,113   75,681
 
Vector, Ltd.
  167,421   433,118
 
Vista Group International, Ltd.
  458,004   388,366
 
Warehouse Group, Ltd. (The)
  360,516   496,124
 
Z Energy, Ltd.
  1,809,064   3,384,359
TOTAL NEW ZEALAND
      100,366,619
SINGAPORE — (12.9%)
*
Abterra, Ltd.
  230,320   1,224
 
Accordia Golf Trust
  5,267,200   2,551,468
 
AEM Holdings, Ltd.
  912,800   2,437,732
#
Amara Holdings, Ltd.
  974,800   240,764
 
Ascendas India Trust
  5,731,200   5,866,622
 
Avarga, Ltd.
  3,076,900   327,822
#*
Banyan Tree Holdings, Ltd.
  1,214,100   190,661
#
Best World International, Ltd.
  2,911,550   535,691
#*
Bonvests Holdings, Ltd.
  950,000   624,931
#
Boustead Singapore, Ltd.
  2,320,982   1,202,958
#
Bukit Sembawang Estates, Ltd.
  1,248,703   3,425,063
 
Bund Center Investment, Ltd.
  659,825   238,281
#
Centurion Corp., Ltd.
  1,405,100   357,928
 
China Aviation Oil Singapore Corp., Ltd.
  2,708,399   1,897,409
#
China Sunsine Chemical Holdings, Ltd.
  3,917,000   957,587
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
SINGAPORE — (Continued)
#
Chip Eng Seng Corp., Ltd.
  3,894,900   $1,266,472
 
Chuan Hup Holdings, Ltd.
  3,937,600   562,398
 
Civmec, Ltd.
  162,700   42,569
 
ComfortDelGro Corp., Ltd.
  5,008,400   4,982,946
#*
COSCO Shipping International Singapore Co., Ltd.
  7,787,100   1,124,216
#*
Creative Technology, Ltd.
  406,900   858,127
#
CSE Global, Ltd.
  2,713,000   948,579
#
Del Monte Pacific, Ltd.
  2,449,764   233,460
#
Delfi, Ltd.
  885,400   485,099
*
DMX Technologies Group, Ltd.
  2,096,000   0
#*
Ezion Holdings, Ltd.
  37,245,878   219,572
#*
Ezra Holdings, Ltd.
  12,568,855   18,844
#
Far East Orchard, Ltd.
  1,249,303   881,562
#
First Resources, Ltd.
  5,615,400   5,630,227
#
First Sponsor Group, Ltd.
  484,728   438,243
#
Food Empire Holdings, Ltd.
  1,473,700   561,798
#
Fragrance Group, Ltd.
  6,077,000   513,586
#
Fraser and Neave, Ltd.
  162,900   162,393
#
Frencken Group, Ltd.
  2,124,300   1,820,153
 
Fu Yu Corp., Ltd.
  3,824,600   655,883
*
Gallant Venture, Ltd.
  5,262,600   441,028
*
Geo Energy Resources, Ltd.
  3,837,000   320,705
#
GK Goh Holdings, Ltd.
  1,484,065   802,950
#
GL, Ltd.
  3,605,600   1,520,225
 
Golden Agri-Resources, Ltd.
  38,086,600   4,379,904
 
Golden Energy & Resources, Ltd.
  603,700   69,195
#
GP Industries, Ltd.
  2,406,509   909,119
 
GuocoLand, Ltd.
  1,932,314   1,963,878
#*
Halcyon Agri Corp., Ltd.
  1,760,948   300,586
 
Hanwell Holdings, Ltd.
  1,765,919   265,357
 
Haw Par Corp., Ltd.
  368,400   2,491,133
#
Hiap Hoe, Ltd.
  498,000   241,406
#
Hi-P International, Ltd.
  1,001,600   939,024
#
Ho Bee Land, Ltd.
  1,656,200   2,460,292
 
Hong Fok Corp., Ltd.
  3,566,294   1,713,181
 
Hong Fok Land, Ltd.
  1,210,000   0
 
Hong Leong Asia, Ltd.
  2,085,600   716,675
#
Hong Leong Finance, Ltd.
  1,002,000   1,675,709
 
Hotel Grand Central, Ltd.
  1,660,083   1,114,351
#
Hour Glass, Ltd. (The)
  1,879,432   925,355
 
HRnetgroup, Ltd.
  44,100   15,438
 
Hutchison Port Holdings Trust
  25,256,400   2,738,653
 
Hwa Hong Corp., Ltd.
  2,123,500   407,421
#*
Hyflux, Ltd.
  3,707,700   48,664
#
iFAST Corp., Ltd.
  956,000   1,243,165
#
IGG, Inc.
  9,421,000   9,229,973
*
Indofood Agri Resources, Ltd.
  3,613,900   755,629
 
Japfa, Ltd.
  3,244,210   1,563,617
#
Jurong Technologies Industrial Corp., Ltd.
  2,227,680   0
#*
k1 Ventures, Ltd.
  1,005,220   0
 
Keppel Infrastructure Trust
  19,465,946   7,744,967
#
KSH Holdings, Ltd.
  1,278,300   321,279
#
Lian Beng Group, Ltd.
  2,957,600   816,773
#
Low Keng Huat Singapore, Ltd.
  949,800   262,500
 
Lum Chang Holdings, Ltd.
  1,102,130   268,925
 
Mandarin Oriental International, Ltd.
  1,534,700   2,271,262
 
Metro Holdings, Ltd.
  3,069,792   1,662,873
 
Mewah International, Inc.
  89,000   12,605
 
Micro-Mechanics Holdings, Ltd.
  19,300   27,324
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
SINGAPORE — (Continued)
#*
Midas Holdings, Ltd.
  9,643,353   $252,664
#*
mm2 Asia, Ltd.
  3,521,000   469,664
 
Nera Telecommunications, Ltd.
  804,700   104,589
 
NetLink NBN Trust
  6,185,700   4,335,046
#
NSL, Ltd.
  409,900   206,941
 
OUE, Ltd.
  2,207,800   1,832,964
#
Oxley Holdings, Ltd.
  7,491,097   1,178,229
#
Pan-United Corp., Ltd.
  2,435,750   515,822
#
Penguin International, Ltd.
  1,129,132   368,810
#
Perennial Real Estate Holdings, Ltd.
  167,100   115,212
#
Q&M Dental Group Singapore, Ltd.
  2,102,100   710,491
#
QAF, Ltd.
  1,665,280   942,574
*
Raffles Education Corp., Ltd.
  5,225,023   431,118
 
Raffles Medical Group, Ltd.
  7,631,795   4,876,573
#
Riverstone Holdings, Ltd.
  1,431,300   3,937,009
#
Roxy-Pacific Holdings, Ltd.
  505,740   117,148
 
SATS, Ltd.
  822,300   1,648,239
#
SBS Transit, Ltd.
  855,500   1,774,326
 
Sembcorp Industries, Ltd.
  7,106,600   8,971,596
#*
Sembcorp Marine, Ltd.
  1,925,500   535,463
 
Sheng Siong Group, Ltd.
  5,499,100   6,817,027
 
SHS Holdings, Ltd.
  2,175,300   258,487
#
SIA Engineering Co., Ltd.
  2,031,100   2,627,028
#
SIIC Environment Holdings, Ltd.
  5,890,920   880,663
#
Sinarmas Land, Ltd.
  7,118,700   904,463
#
Sing Holdings, Ltd.
  1,579,500   427,154
 
Sing Investments & Finance, Ltd.
  350,675   302,862
 
Singapore Post, Ltd.
  12,106,600   6,289,106
#
Singapore Press Holdings, Ltd.
  7,633,400   5,951,224
 
Singapore Reinsurance Corp., Ltd.
  1,514,530   303,458
 
Singapore Shipping Corp., Ltd.
  1,640,700   336,125
#
Stamford Land Corp., Ltd.
  3,297,700   821,120
#
StarHub, Ltd.
  5,997,300   5,339,181
 
Straco Corp., Ltd.
  130,000   44,534
 
Straits Trading Co., Ltd.
  11,800   13,298
#
Sunningdale Tech, Ltd.
  1,295,460   956,252
*
SunVic Chemical Holdings, Ltd.
  526,945   1,572
#*
Swiber Holdings, Ltd.
  2,895,250   42,986
#
Tuan Sing Holdings, Ltd.
  5,503,116   1,107,396
#
UMS Holdings, Ltd.
  2,839,175   2,083,762
 
United Industrial Corp., Ltd.
  119,269   181,947
 
United Overseas Insurance, Ltd.
  181,850   871,424
 
UOB-Kay Hian Holdings, Ltd.
  2,318,060   2,001,488
 
Venture Corp., Ltd.
  687,700   8,980,962
 
Vicom, Ltd.
  568,400   888,090
#
Wee Hur Holdings, Ltd.
  2,769,000   363,184
 
Wing Tai Holdings, Ltd.
  4,165,367   5,188,244
 
Yangzijiang Shipbuilding Holdings, Ltd.
  14,328,000   9,601,272
 
Yeo Hiap Seng, Ltd.
  223,731   131,674
TOTAL SINGAPORE
      191,943,870
UNITED STATES — (0.3%)
*
Samsonite International SA
  5,277,300   4,946,323
TOTAL COMMON STOCKS
      1,457,203,258
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*
Helloworld Travel, Ltd. Rights 08/03/20
  4,542   0
The Asia Pacific Small Company Series
CONTINUED
      Shares   Value»
 
SINGAPORE — (0.0%)
#*
Ezion Holdings, Ltd. Warrants 04/16/23
  5,659,201   $0
*
First Sponsor Group, Ltd. Warrants 05/30/24
  48,472   2,081
TOTAL SINGAPORE
      2,081
TOTAL RIGHTS/WARRANTS
      2,081
TOTAL INVESTMENT SECURITIES

(Cost $1,616,134,116)
      1,457,205,339
    
        Value†
SECURITIES LENDING COLLATERAL — (2.5%)
@§
The DFA Short Term Investment Fund
  3,269,274 37,828,766
TOTAL INVESTMENTS — (100.0%)  
(Cost $1,653,956,441)^^
    $1,495,034,105
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
$401,867   $835,551,439   —   $835,953,306
China
—   13,266,605   —   13,266,605
Hong Kong
24,051   310,252,319   —   310,276,370
Japan
—   450,165   —   450,165
New Zealand
—   100,366,619   —   100,366,619
Singapore
—   191,943,870   —   191,943,870
United States
—   4,946,323   —   4,946,323
Rights/Warrants              
Singapore
—   2,081   —   2,081
Securities Lending Collateral
—   37,828,766   —   37,828,766
TOTAL
$425,918   $1,494,608,187   —   $1,495,034,105
The United Kingdom Small Company Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
    
      Shares   Value»
COMMON STOCKS — (97.9%)
COMMUNICATION SERVICES — (2.2%)
 
4imprint Group P.L.C.
  151,995   $4,716,492
 
Ascential P.L.C.
  566,257   1,990,176
 
Bloomsbury Publishing P.L.C.
  245,791   658,082
 
Centaur Media P.L.C.
  531,249   142,753
 
Cineworld Group P.L.C.
  4,284,252   2,153,796
 
Daily Mail & General Trust P.L.C., Class A
  1,028,577   8,470,824
 
Euromoney Institutional Investor P.L.C.
  668,864   6,933,104
*
Frontier Developments P.L.C.
  13,843   351,994
 
Future P.L.C.
  30,182   539,891
 
Gamma Communications P.L.C.
  61,290   1,271,566
#
Hyve Group P.L.C.
  1,406,911   1,479,569
 
ITV P.L.C.
  620,898   457,862
 
Kin & Carta P.L.C.
  713,774   490,732
 
Next Fifteen Communications Group P.L.C.
  14,014   69,373
 
Reach P.L.C.
  1,991,783   1,606,010
 
STV Group P.L.C.
  4,868   14,752
#
TalkTalk Telecom Group P.L.C.
  3,888,826   3,531,689
TOTAL COMMUNICATION SERVICES
      34,878,665
CONSUMER DISCRETIONARY — (17.8%)
 
888 Holdings P.L.C.
  1,839,698   4,419,350
 
AA P.L.C.
  3,702,353   1,147,482
#*
ASOS P.L.C.
  129,793   5,677,613
 
B&M European Value Retail SA
  2,023,570   12,166,258
 
Bellway P.L.C.
  533,292   17,659,987
*
Boohoo Group P.L.C.
  868,371   2,938,032
 
Card Factory P.L.C.
  1,437,670   810,691
 
Coats Group P.L.C.
  1,995,752   1,477,556
 
Countryside Properties P.L.C.
  2,813,575   10,387,403
 
Crest Nicholson Holdings P.L.C.
  1,909,331   4,660,858
#
Debenhams P.L.C.
  6,862,458   0
#
DFS Furniture P.L.C.
  1,185,558   2,330,376
#*
Dignity P.L.C.
  199,780   849,139
 
Dixons Carphone P.L.C.
  5,719,533   5,507,610
 
Domino's Pizza Group P.L.C.
  3,598,386   14,965,434
 
Dunelm Group P.L.C.
  685,419   10,998,081
*
Frasers Group P.L.C.
  1,417,210   4,617,324
 
Fuller Smith & Turner P.L.C., Class A
  145,156   1,124,528
 
Games Workshop Group P.L.C.
  205,563   23,594,328
*
Gamesys Group P.L.C.
  401,119   4,855,327
 
GoCo Group P.L.C.
  1,974,958   2,634,737
 
Greggs P.L.C.
  617,131   9,597,280
 
Gym Group P.L.C. (The)
  780,185   1,367,117
 
Halfords Group P.L.C.
  1,263,022   2,419,836
 
Headlam Group P.L.C.
  489,448   1,769,558
 
Henry Boot P.L.C.
  520,199   1,705,778
#
Hollywood Bowl Group P.L.C.
  228,840   405,503
#
Hostelworld Group P.L.C.
  238,318   187,960
 
Inchcape P.L.C.
  2,472,981   13,853,824
 
J D Wetherspoon P.L.C.
  481,563   5,334,789
 
Joules Group P.L.C.
  3,586   4,888
 
Lookers P.L.C.
  1,317,719   362,228
 
Marks & Spencer Group P.L.C.
  6,255,546   7,704,175
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
CONSUMER DISCRETIONARY — (Continued)
 
Marston's P.L.C.
  4,725,917   $2,492,059
*
McCarthy & Stone P.L.C.
  2,635,358   2,284,718
*
Mitchells & Butlers P.L.C.
  1,558,365   3,135,764
 
MJ Gleeson P.L.C.
  222,626   1,794,770
 
Moneysupermarket.com Group P.L.C.
  3,466,544   13,280,431
 
Motorpoint group P.L.C.
  48,046   155,606
#
N Brown Group P.L.C.
  1,009,155   439,894
 
On the Beach Group P.L.C.
  849,707   3,086,674
*
Pendragon P.L.C.
  5,266,039   566,597
 
Pets at Home Group P.L.C.
  3,218,903   13,143,265
 
Photo-Me International P.L.C.
  1,599,011   944,392
 
Playtech P.L.C.
  2,022,505   7,912,428
 
PPHE Hotel Group, Ltd.
  9,572   134,150
 
Rank Group P.L.C.
  956,436   1,707,859
 
Redrow P.L.C.
  1,433,942   8,005,762
 
Restaurant Group P.L.C. (The)
  369,088   215,646
*
Sportech P.L.C.
  408,363   82,703
 
SSP Group P.L.C.
  2,958,082   7,941,956
*
Studio Retail Group P.L.C.
  246,067   688,199
 
Superdry P.L.C.
  233,482   354,982
#
Ted Baker P.L.C.
  227,427   217,455
 
TEN Entertainment Group P.L.C.
  5,930   10,311
#
Thomas Cook Group P.L.C.
  6,366,734   0
 
TI Fluid Systems P.L.C.
  92,158   209,027
 
Topps Tiles P.L.C.
  840,804   467,348
#
TUI AG
  155,118   586,389
 
Vertu Motors P.L.C.
  812,199   236,757
 
Vistry Group P.L.C.
  1,436,468   11,549,132
 
Vitec Group P.L.C. (The)
  207,102   1,792,445
 
Vivo Energy P.L.C.
  153,141   147,267
 
WH Smith P.L.C.
  704,933   8,664,350
 
William Hill P.L.C.
  5,240,138   7,134,242
TOTAL CONSUMER DISCRETIONARY
      276,917,628
CONSUMER STAPLES — (6.8%)
 
A.G. Barr P.L.C.
  724,463   4,070,138
 
Anglo-Eastern Plantations P.L.C.
  118,624   732,579
 
Bakkavor Group P.L.C.
  98,748   81,698
 
Britvic P.L.C.
  1,585,438   16,478,856
 
C&C Group P.L.C.
  425,963   1,287,657
 
Carr's Group P.L.C.
  349,511   589,633
 
Cranswick P.L.C.
  379,748   17,687,217
 
Devro P.L.C.
  1,096,272   2,335,841
 
Fevertree Drinks P.L.C.
  610,255   17,390,114
 
Greencore Group P.L.C.
  3,458,542   5,768,467
 
Hilton Food Group P.L.C.
  274,384   3,952,243
 
McBride P.L.C.
  777,593   611,568
 
McColl's Retail Group P.L.C.
  60,390   29,359
#
Naked Wines P.L.C.
  221,368   1,214,084
 
Nichols P.L.C.
  2,884   49,633
*
Premier Foods P.L.C.
  3,352,503   3,777,561
 
PZ Cussons P.L.C.
  1,740,868   4,323,033
 
Stock Spirits Group P.L.C.
  1,135,555   3,323,950
 
Tate & Lyle P.L.C.
  2,579,848   21,958,017
TOTAL CONSUMER STAPLES
      105,661,648
ENERGY — (2.2%)
#
Afren P.L.C.
  5,446,344   0
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
ENERGY — (Continued)
 
Anglo Pacific Group P.L.C.
  1,065,073   $1,657,343
*
Cairn Energy P.L.C.
  3,772,747   5,868,657
 
Diversified Gas & Oil P.L.C.
  344,909   431,439
#*
EnQuest P.L.C.
  11,658,988   2,008,230
#
Genel Energy P.L.C.
  767,136   1,435,837
 
Gulf Keystone Petroleum, Ltd.
  1,341,473   1,613,625
 
Hunting P.L.C.
  987,439   2,297,511
#*
Hurricane Energy P.L.C.
  3,479,397   278,869
 
John Wood Group P.L.C.
  3,752,826   9,328,573
*
Lamprell P.L.C.
  1,148,964   394,890
#
Petrofac, Ltd.
  1,615,697   2,943,545
*
Pharos Energy P.L.C.
  1,000,484   182,712
#*
Premier Oil P.L.C.
  5,688,587   2,677,242
*
Rockhopper Exploration P.L.C.
  351,659   32,720
#*
Savannah Energy P.L.C.
  806,911   82,618
 
Serica Energy P.L.C.
  27,278   41,799
#
Tullow Oil P.L.C.
  9,102,632   3,043,846
TOTAL ENERGY
      34,319,456
FINANCIALS — (15.4%)
 
AJ Bell P.L.C.
  3,154   17,734
 
Allied Minds P.L.C.
  148,232   78,495
 
Arrow Global Group P.L.C.
  1,043,663   1,031,395
#
Ashmore Group P.L.C.
  2,148,411   10,990,584
*
Bank of Georgia Group P.L.C.
  258,927   2,634,055
 
Beazley P.L.C.
  2,964,842   16,150,732
 
Brewin Dolphin Holdings P.L.C.
  2,161,067   7,396,163
#
Burford Capital, Ltd.
  702,282   4,925,770
 
Charles Stanley Group P.L.C.
  122,025   399,552
 
Chesnara P.L.C.
  842,577   3,163,067
 
City of London Investment Group P.L.C.
  5,500   28,994
 
Close Brothers Group P.L.C.
  1,010,082   14,474,240
 
CMC Markets P.L.C.
  727,392   3,051,802
*
Georgia Capital P.L.C.
  39,517   188,174
 
Hastings Group Holdings P.L.C.
  2,055,325   5,591,145
 
Hiscox, Ltd.
  1,268,749   12,946,280
 
IG Group Holdings P.L.C.
  2,561,656   24,483,327
 
Impax Asset Management Group P.L.C.
  2,655   13,629
 
IntegraFin Holdings P.L.C.
  24,151   170,931
 
Intermediate Capital Group P.L.C.
  593,848   10,394,730
 
International Personal Finance P.L.C.
  992,760   711,241
 
Investec P.L.C.
  51,352   100,594
*
IP Group P.L.C.
  3,933,948   3,418,639
 
Jupiter Fund Management P.L.C.
  3,029,637   8,960,717
*
Just Group P.L.C.
  6,436,185   3,771,984
 
Lancashire Holdings, Ltd.
  1,430,682   14,481,511
 
Liontrust Asset Management P.L.C.
  42,739   689,095
 
Man Group P.L.C.
  10,433,201   16,832,120
*
Metro Bank P.L.C.
  97,643   131,329
 
Numis Corp. P.L.C.
  252,760   940,651
 
OneSavings Bank P.L.C.
  1,003,534   3,102,419
 
Paragon Banking Group P.L.C.
  1,989,236   8,154,943
 
Plus500, Ltd.
  533,955   8,276,738
 
Polar Capital Holdings P.L.C.
  57,714   355,583
 
Provident Financial P.L.C.
  1,131,912   2,445,621
 
Quilter P.L.C.
  10,292,590   19,590,967
 
Rathbone Brothers P.L.C.
  319,671   6,769,280
 
River & Mercantile Group P.L.C.
  10,512   25,330
 
S&U P.L.C.
  23,164   480,964
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
FINANCIALS — (Continued)
 
Sabre Insurance Group P.L.C.
  64,922   $257,667
 
Saga P.L.C.
  5,782,113   1,151,878
 
Sanne Group P.L.C.
  20,968   172,895
*
TBC Bank Group P.L.C.
  16,116   165,432
 
TP ICAP P.L.C.
  3,627,980   15,659,721
#*
Virgin Money UK P.L.C.
  4,288,733   4,863,304
 
Waterloo Investment Holdings, Ltd
  4,000   0
TOTAL FINANCIALS
      239,641,422
HEALTH CARE — (3.7%)
 
Advanced Medical Solutions Group P.L.C
  104,886   261,361
 
Alliance Pharma P.L.C.
  1,538,485   1,447,750
 
CareTech Holdings P.L.C.
  252,452   1,404,930
#*
Circassia Group P.L.C.
  451,976   141,724
 
Clinigen Group P.L.C.
  168,737   1,549,704
 
ConvaTec Group P.L.C.
  2,922,974   7,768,278
 
CVS Group P.L.C.
  366,703   5,467,290
 
EMIS Group P.L.C.
  273,584   3,558,667
 
Genus P.L.C.
  75,274   3,359,290
*
Horizon Discovery Group P.L.C.
  142,513   181,191
*
Indivior P.L.C.
  3,144,193   5,688,985
*
Integrated Diagnostics Holdings P.L.C.
  330,094   1,329,983
 
Mediclinic International P.L.C.
  2,438,263   8,532,009
*
PureTech Health P.L.C.
  29,238   104,672
 
Spire Healthcare Group P.L.C.
  1,700,130   1,671,388
 
UDG Healthcare P.L.C.
  1,067,968   9,915,792
 
Vectura Group P.L.C.
  4,206,706   5,446,633
TOTAL HEALTH CARE
      57,829,647
INDUSTRIALS — (28.9%)
 
Aggreko P.L.C.
  1,583,417   7,945,356
 
Air Partner P.L.C.
  253,425   291,859
 
Avon Rubber P.L.C.
  210,277   9,156,973
 
Babcock International Group P.L.C.
  3,043,024   11,463,934
 
Balfour Beatty P.L.C.
  4,805,553   15,083,600
#
Begbies Traynor Group P.L.C.
  44,955   55,399
 
Biffa P.L.C.
  1,106,134   2,941,924
 
Bodycote P.L.C.
  1,288,277   9,399,593
 
Braemar Shipping Services P.L.C.
  142,355   250,289
 
Chemring Group P.L.C.
  1,806,230   5,576,787
 
Clarkson P.L.C.
  195,112   5,241,296
 
Clipper Logistics P.L.C.
  198,686   869,137
#
Costain Group P.L.C.
  451,268   358,799
 
Dart Group P.L.C.
  403,306   3,398,668
 
De La Rue P.L.C.
  657,059   1,108,040
*
Dialight P.L.C.
  108,089   448,295
 
Diploma P.L.C.
  780,435   18,478,481
#
easyJet P.L.C.
  129,511   832,970
 
Electrocomponents P.L.C.
  2,748,853   23,546,984
*
Firstgroup P.L.C.
  8,403,296   3,904,298
 
G4S P.L.C.
  9,287,044   17,252,942
 
Galliford Try Holdings P.L.C.
  780,746   967,664
 
Go-Ahead Group P.L.C. (The)
  290,777   2,381,908
 
Goodwin P.L.C.
  383   15,720
 
Grafton Group P.L.C.
  1,587,551   13,291,695
 
Hays P.L.C.
  9,080,700   12,929,878
 
HomeServe P.L.C.
  509,859   8,826,628
 
Howden Joinery Group P.L.C.
  2,644,672   16,876,857
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
INDUSTRIALS — (Continued)
 
IMI P.L.C.
  1,745,630   $23,717,726
 
Industrial and Commercial Holding Group, Ltd.
  5,000   0
#
Interserve P.L.C.
  629,566   0
 
James Fisher & Sons P.L.C.
  316,172   4,761,636
 
James Halstead P.L.C.
  4,536   29,259
 
John Laing Group P.L.C.
  2,506,978   9,691,623
#
John Menzies P.L.C.
  458,849   649,830
 
Johnson Service Group P.L.C.
  189,295   227,976
 
Keller Group P.L.C.
  487,477   3,568,539
#*
Kier Group P.L.C.
  929,137   777,905
 
Luceco P.L.C.
  249,615   461,943
 
Mears Group P.L.C.
  728,873   1,315,265
 
Meggitt P.L.C.
  2,696,622   9,421,777
 
Mitie Group P.L.C.
  7,367,789   3,128,211
 
Morgan Advanced Materials P.L.C.
  1,910,633   5,439,833
 
Morgan Sindall Group P.L.C.
  240,008   3,262,707
 
National Express Group P.L.C.
  3,195,780   6,358,713
 
Norcros P.L.C.
  127,011   259,831
 
Pagegroup P.L.C.
  2,063,842   9,449,421
 
PayPoint P.L.C.
  433,302   3,420,333
 
Polypipe Group P.L.C.
  1,453,505   7,664,672
 
Porvair P.L.C.
  18,060   124,126
 
QinetiQ Group P.L.C.
  3,964,771   15,870,668
 
Redde Northgate P.L.C.
  1,996,988   4,294,946
 
Renew Holdings P.L.C.
  23,297   133,346
 
Renewi P.L.C.
  6,583,634   2,161,475
 
Ricardo P.L.C.
  308,257   1,387,842
 
Robert Walters P.L.C.
  392,744   2,143,317
 
Rotork P.L.C.
  5,397,898   19,576,681
 
Royal Mail P.L.C.
  5,277,907   11,036,990
 
RPS Group P.L.C.
  978,642   570,679
 
RWS Holdings P.L.C.
  7,642   59,866
 
Senior P.L.C.
  2,698,997   1,832,988
*
Serco Group P.L.C.
  1,035,024   2,150,151
 
Severfield P.L.C.
  1,090,941   849,723
 
SIG P.L.C.
  4,971,536   1,827,523
 
Signature Aviation P.L.C.
  5,602,723   16,958,949
 
Speedy Hire P.L.C.
  3,123,066   2,060,064
 
Stagecoach Group P.L.C.
  2,728,868   1,695,034
 
SThree P.L.C.
  766,760   2,544,877
#
Stobart Group, Ltd.
  2,003,589   666,073
 
T Clarke P.L.C.
  64,142   75,537
 
Travis Perkins P.L.C.
  1,545,039   22,346,981
 
Trifast P.L.C.
  524,611   734,006
 
Tyman P.L.C.
  935,887   2,151,745
 
Ultra Electronics Holdings P.L.C.
  591,619   18,283,704
 
Vesuvius P.L.C.
  1,512,776   8,049,726
 
Volex P.L.C.
  341,719   603,369
 
Volution Group P.L.C.
  383,473   838,396
 
Vp P.L.C.
  156,511   1,496,713
 
Weir Group P.L.C (The)
  976,136   15,178,389
 
Wilmington P.L.C.
  334,384   574,053
 
Wincanton P.L.C.
  636,980   1,533,827
 
XP Power, Ltd.
  103,342   5,138,936
TOTAL INDUSTRIALS
      451,453,874
INFORMATION TECHNOLOGY — (7.7%)
*
Capita P.L.C.
  7,698,025   3,450,993
 
Computacenter P.L.C.
  542,204   14,005,603
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
INFORMATION TECHNOLOGY — (Continued)
 
DiscoverIE Group P.L.C.
  469,189   $3,641,899
 
Equiniti Group P.L.C.
  2,329,628   3,892,421
 
FDM Group Holdings P.L.C.
  376,531   4,559,412
 
First Derivatives P.L.C.
  10,491   368,115
*
IDOX P.L.C.
  79,223   49,940
#
iomart Group P.L.C.
  182,629   835,128
#*
IQE P.L.C.
  333,707   230,855
 
Kainos Group P.L.C.
  377,423   5,428,052
 
Learning Technologies Group PLC
  70,904   122,928
 
Micro Focus International P.L.C.
  470,229   1,692,861
 
NCC Group P.L.C.
  1,623,101   3,651,834
 
Oxford Instruments P.L.C.
  363,272   6,377,958
 
Renishaw P.L.C.
  152,379   9,651,215
 
RM P.L.C.
  351,353   1,095,065
*
SDL P.L.C.
  489,520   2,977,613
 
Smart Metering Systems P.L.C.
  424,453   3,431,720
 
Softcat P.L.C.
  810,023   13,354,015
 
Spectris P.L.C.
  668,518   22,441,360
 
Spirent Communications P.L.C.
  4,124,361   15,100,432
#
Strix Group P.L.C.
  181,909   497,656
*
Telit Communications P.L.C.
  82,391   146,271
 
TT Electronics P.L.C.
  1,027,059   2,292,074
*
Xaar P.L.C.
  197,087   217,687
TOTAL INFORMATION TECHNOLOGY
      119,513,107
MATERIALS — (7.6%)
 
Castings P.L.C.
  165,113   742,993
 
Centamin P.L.C.
  8,142,932   21,798,067
 
Central Asia Metals P.L.C.
  502,566   1,094,261
 
Elementis P.L.C.
  3,404,080   2,839,887
 
Essentra P.L.C.
  1,625,038   6,428,196
 
Ferrexpo P.L.C.
  1,920,094   4,443,005
 
Forterra P.L.C.
  1,374,279   2,769,032
*
Gem Diamonds, Ltd.
  609,982   191,785
 
Highland Gold Mining, Ltd.
  1,979,947   7,760,341
 
Hill & Smith Holdings P.L.C.
  530,996   8,371,519
 
Hochschild Mining P.L.C.
  1,698,439   6,018,513
 
Ibstock P.L.C.
  2,582,634   5,345,687
#
KAZ Minerals P.L.C.
  1,557,504   10,859,498
 
Marshalls P.L.C.
  1,450,097   11,244,295
 
Pan African Resources P.L.C.
  82,045   26,511
*
Petra Diamonds, Ltd.
  1,283,109   20,232
#*
Petropavlovsk P.L.C.
  838,033   393,011
 
Rhi Magnesita NV
  106,613   3,384,765
#*
Scapa Group P.L.C.
  271,605   302,917
#*
SolGold P.L.C.
  386,507   126,046
 
Synthomer P.L.C.
  2,272,816   8,588,044
 
Victrex P.L.C.
  608,813   14,855,355
 
Zotefoams P.L.C.
  95,899   443,781
TOTAL MATERIALS
      118,047,741
REAL ESTATE — (3.9%)
 
Capital & Counties Properties P.L.C.
  117,601   215,246
 
CLS Holdings P.L.C.
  684,455   1,745,541
*
Foxtons Group P.L.C.
  1,300,044   605,206
 
Grainger P.L.C.
  4,445,647   16,859,098
 
Harworth Group P.L.C.
  30,680   40,977
 
Helical P.L.C.
  776,089   3,114,811
The United Kingdom Small Company Series
CONTINUED
      Shares   Value»
REAL ESTATE — (Continued)
 
IWG P.L.C.
  4,261,590   $12,811,546
 
LSL Property Services P.L.C.
  410,800   1,028,942
#*
Purplebricks Group P.L.C.
  65,365   39,632
*
Raven Property Group, Ltd.
  930,062   403,322
 
Savills P.L.C.
  1,018,529   9,995,560
 
St. Modwen Properties P.L.C.
  2,718,738   10,977,389
 
U & I Group P.L.C.
  729,169   644,788
 
Urban & Civic P.L.C.
  659,309   2,038,118
#
Watkin Jones P.L.C.
  521,040   940,645
TOTAL REAL ESTATE
      61,460,821
UTILITIES — (1.7%)
 
Centrica P.L.C.
  11,333,133   7,145,727
 
ContourGlobal P.L.C.
  6,119   16,657
 
Drax Group P.L.C.
  2,382,905   8,671,934
 
Pennon Group P.L.C.
  193,182   2,669,387
 
Telecom Plus P.L.C.
  425,895   7,486,814
TOTAL UTILITIES
      25,990,519
TOTAL COMMON STOCKS

Cost ($1,771,460,776)
      1,525,714,528
    
        Value†
SECURITIES LENDING COLLATERAL — (2.1%)
@§
The DFA Short Term Investment Fund
  2,835,223 32,806,364
TOTAL INVESTMENTS — (100.0%)  
(Cost $1,804,258,917)^^
    $1,558,520,892
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
—   $34,878,665   —   $34,878,665
Consumer Discretionary
—   276,917,628   —   276,917,628
Consumer Staples
—   105,661,648   —   105,661,648
Energy
—   34,319,456   —   34,319,456
Financials
—   239,641,422   —   239,641,422
Health Care
—   57,829,647   —   57,829,647
Industrials
—   451,453,874   —   451,453,874
Information Technology
—   119,513,107   —   119,513,107
Materials
—   118,047,741   —   118,047,741
Real Estate
—   61,460,821   —   61,460,821
Utilities
—   25,990,519   —   25,990,519
Securities Lending Collateral
—   32,806,364   —   32,806,364
TOTAL
—   $1,558,520,892   —   $1,558,520,892
The Continental Small Company Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
      Shares   Value»
COMMON STOCKS — (94.0%)
AUSTRALIA — (0.0%)
*
BAWAG Group AG
  19,090   $700,821
AUSTRIA — (3.2%)
 
Agrana Beteiligungs AG
  83,141   1,718,613
 
ANDRITZ AG
  487,426   16,365,004
#
AT&S Austria Technologie & Systemtechnik AG
  181,572   3,434,182
 
Atrium European Real Estate, Ltd.
  968,162   2,623,448
*
CA Immobilien Anlagen AG
  498,198   15,614,964
#*
DO & CO AG
  47,356   2,441,837
 
EVN AG
  235,387   3,878,305
#*
FACC AG
  160,355   991,871
*
Flughafen Wien AG
  30,811   930,821
*
IMMOFINANZ AG
  673,661   11,111,845
 
Josef Manner & Co. AG
  870   110,297
 
Kapsch TrafficCom AG
  35,348   627,525
#*
Lenzing AG
  89,173   4,148,992
 
Mayr Melnhof Karton AG
  56,619   8,772,581
*
Oberbank AG
  33,677   3,326,853
#
Oesterreichische Post AG
  242,639   7,763,619
*
Palfinger AG
  99,022   2,717,059
#*
POLYTEC Holding AG
  105,679   626,042
#*
Porr AG
  74,767   1,216,454
#
Rosenbauer International AG
  21,100   780,875
 
S IMMO AG
  365,438   6,393,856
#*
S&T AG
  337,476   9,151,824
#
Schoeller-Bleckmann Oilfield Equipment AG
  73,866   1,934,974
*
Semperit AG Holding
  69,672   1,374,019
 
Strabag SE
  111,253   3,280,112
*
Telekom Austria AG
  1,099,338   8,253,496
 
UBM Development AG
  21,002   693,633
 
UNIQA Insurance Group AG
  1,062,504   6,716,215
*
Vienna Insurance Group AG Wiener Versicherung Gruppe
  294,815   6,555,089
#
voestalpine AG
  640,995   14,212,841
*
Wienerberger AG
  617,965   14,221,383
 
Zumtobel Group AG
  191,194   1,457,366
TOTAL AUSTRIA
      163,445,995
BELGIUM — (3.2%)
*
Ackermans & van Haaren NV
  171,330   22,003,890
#*
AGFA-Gevaert NV
  1,322,775   5,362,726
 
Atenor
  22,537   1,541,769
 
Banque Nationale de Belgique
  87   197,578
 
Barco NV
  461,636   9,094,486
#
Bekaert SA
  250,965   4,886,298
#*
Biocartis NV
  227,423   1,188,102
*
bpost SA
  618,441   4,022,614
#*
Celyad SA
  42,190   420,375
*
Cie d'Entreprises CFE
  49,587   3,148,618
*
Co.Br.Ha Societe Commerciale de Brasserie SA
  12   39,706
*
Deceuninck NV
  435,935   650,962
 
D'ieteren SA
  195,103   10,532,101
#
Econocom Group SA
  727,792   2,020,374
 
Elia Group SA
  134,384   14,625,977
 
Euronav NV
  1,353,879   13,122,328
 
EVS Broadcast Equipment SA
  69,287   1,256,065
The Continental Small Company Series
CONTINUED
      Shares   Value»
BELGIUM — (Continued)
#*
Exmar NV
  145,690   $342,702
 
Fagron
  280,259   6,267,689
 
Gimv NV
  107,716   5,804,276
 
Immobel SA
  22,042   1,701,876
#
Ion Beam Applications
  125,553   1,079,167
#*
Jensen-Group NV
  20,961   520,701
#*
Kinepolis Group NV
  93,950   3,341,409
#
Lotus Bakeries NV
  1,741   5,763,790
#*
MDxHealth
  151,594   140,961
 
Melexis NV
  111,148   9,528,295
#*
Ontex Group NV
  484,468   6,928,124
 
Orange Belgium SA
  201,488   3,373,639
#*
Oxurion NV
  128,049   422,300
#
Picanol
  26,948   1,574,435
 
Recticel SA
  272,024   2,754,378
 
Resilux
  5,788   855,077
*
Roularta Media Group NV
  19,318   265,509
*
Sioen Industries NV
  57,436   1,178,090
*
Sipef NV
  36,491   1,823,331
 
Telenet Group Holding NV
  156,890   6,086,141
 
TER Beke SA
  3,565   417,831
*
Tessenderlo Group SA
  213,566   6,342,840
*
Van de Velde NV
  38,938   876,048
*
Viohalco SA
  498,361   1,341,644
TOTAL BELGIUM
      162,844,222
CANADA — (0.0%)
#*
International Petroleum Corp.
  61,606   119,844
DENMARK — (5.5%)
*
ALK-Abello A.S.
  43,541   12,354,588
*
Alm Brand A.S.
  556,674   5,670,827
#*
Bang & Olufsen A.S.
  714,615   1,366,056
*
BankNordik P/F
  10,800   182,763
*
Bavarian Nordic A.S.
  284,799   8,776,845
*
Brodrene Hartmann A.S.
  16,148   1,158,862
*
Columbus A.S.
  430,058   535,851
 
D/S Norden A.S.
  221,845   3,349,769
#*
DFDS A.S.
  306,367   9,510,453
 
Djurslands Bank A.S.
  8,970   333,710
#*
Drilling Co. of 1972 A.S. (The)
  65,213   1,497,367
*
FLSmidth & Co. A.S.
  250,483   7,475,176
 
Fluegger Group A.S.
  4,198   245,597
*
GronlandsBANKEN A.S.
  1,125   106,004
*
H+H International A.S., Class B
  111,938   1,920,051
*
Harboes Bryggeri A.S., Class B
  9,576   87,210
#*
ISS A.S.
  467,064   7,207,919
#*
Jeudan A.S.
  38,740   1,426,240
*
Jyske Bank A.S.
  495,225   15,791,112
 
Lan & Spar Bank
  4,981   348,803
*
Matas A.S.
  239,471   2,403,017
#*
Netcompany Group A.S.
  6,425   464,407
*
Nilfisk Holding A.S.
  188,016   2,570,186
#*
NKT A.S.
  202,178   5,621,784
 
NNIT A.S.
  69,757   1,315,214
 
Pandora A.S.
  509,474   32,403,189
*
Parken Sport & Entertainment A.S.
  30,638   373,148
 
Per Aarsleff Holding A.S.
  140,513   5,381,237
 
Ringkjoebing Landbobank A.S.
  197,322   14,672,553
The Continental Small Company Series
CONTINUED
      Shares   Value»
DENMARK — (Continued)
#*
Roblon A.S., Class B
  973   $27,628
 
Rockwool International A.S., Class A
  792   232,163
 
Rockwool International A.S., Class B
  21,221   6,846,176
*
Royal Unibrew A.S.
  347,808   35,186,963
 
RTX A.S.
  56,813   2,109,875
 
Scandinavian Tobacco Group A.S., Class A
  388,052   5,707,580
 
Schouw & Co., A.S.
  90,676   7,420,123
 
SimCorp A.S.
  282,473   32,982,938
 
Solar A.S., Class B
  38,054   1,562,315
*
Spar Nord Bank A.S.
  596,853   4,917,397
*
Sydbank A.S.
  502,266   9,539,562
#*
Tivoli A.S.
  9,878   1,069,438
 
Topdanmark A.S.
  467,367   19,987,495
#
TORM P.L.C.
  189,104   1,409,449
#
United International Enterprises, Ltd.
  10,336   2,127,088
*
Vestjysk Bank A.S.
  1,931,528   887,926
*
Zealand Pharma A.S.
  183,481   6,437,042
TOTAL DENMARK
      283,001,096
FINLAND — (6.5%)
 
Ahlstrom-Munksjo Oyj
  199,960   3,093,935
*
Aktia Bank Oyj
  324,379   3,316,546
#*
Alandsbanken Abp, Class B
  21,354   465,543
 
Alma Media Oyj
  129,772   1,129,188
 
Altia Oyj
  10,952   103,101
#
Apetit Oyj
  19,668   212,687
 
Aspo Oyj
  103,690   717,494
 
Atria Oyj
  89,419   897,670
#*
BasWare Oyj
  51,269   2,109,500
#*
Bittium Oyj
  204,447   1,550,036
#
Cargotec Oyj, Class B
  287,941   8,586,003
*
Caverion Oyj
  685,849   5,109,006
#
Citycon Oyj
  493,497   3,586,236
 
Digia Oyj
  75,945   478,211
 
Enento Group Oyj
  1,406   59,640
#*
Finnair Oyj
  4,956,954   2,763,341
#
Fiskars Oyj Abp
  212,834   2,973,835
*
F-Secure Oyj
  647,558   2,255,763
*
Glaston Oyj ABP
  9,217   7,554
*
HKScan Oyj, Class A
  247,021   569,887
*
Huhtamaki Oyj
  689,459   30,733,510
 
Ilkka-Yhtyma Oyj
  58,887   210,812
 
Kemira Oyj
  734,431   9,727,393
 
Kesko Oyj, Class A
  212,220   4,322,306
 
Kesko Oyj, Class B
  1,236,708   26,223,187
 
Kojamo Oyj
  25,990   645,909
 
Konecranes Oyj
  473,271   12,022,847
 
Lassila & Tikanoja Oyj
  210,288   3,229,852
#*
Lehto Group Oyj
  106,569   171,889
#
Metsa Board Oyj
  1,399,923   10,959,190
 
Metso Outotec Oyj
  3,973,290   25,643,173
 
Neles Oyj
  667,333   9,516,856
#
Nokian Renkaat Oyj
  883,124   21,069,554
 
Olvi Oyj, Class A
  95,688   4,770,922
 
Oriola Oyj, Class A
  6,054   14,387
 
Oriola Oyj, Class B
  914,957   1,988,839
 
Orion Oyj, Class A
  143,951   6,268,916
 
Orion Oyj, Class B
  515,971   22,511,328
#*
Outokumpu Oyj
  2,370,801   6,332,903
The Continental Small Company Series
CONTINUED
      Shares   Value»
FINLAND — (Continued)
*
Pihlajalinna Oyj
  77,064   $1,317,840
#
Ponsse Oyj
  73,654   2,178,131
*
QT Group Oyj
  56,327   1,869,954
 
Raisio Oyj, Class V
  978,527   3,580,043
 
Rapala VMC Oyj
  113,078   364,838
 
Raute Oyj, Class A
  2,644   57,749
#
Revenio Group Oyj
  131,150   4,328,633
 
Sanoma Oyj
  748,006   8,379,525
#*
Stockmann Oyj Abp, Class B
  57,166   67,077
*
Teleste Oyj
  52,966   265,758
 
Terveystalo Oyj
  18,989   197,483
 
TietoEVRY Oyj
  427,532   12,557,534
 
Tikkurila Oyj
  245,413   3,986,592
 
Tokmanni Group Corp.
  342,463   6,425,029
 
Uponor Oyj
  387,896   6,496,578
 
Vaisala Oyj, Class A
  120,241   4,412,640
 
Valmet Oyj
  947,069   26,533,389
#*
Viking Line Abp
  7,869   153,181
#
Wartsila Oyj Abp
  482,432   4,034,997
 
YIT Oyj
  1,345,770   7,820,089
TOTAL FINLAND
      331,376,009
FRANCE — (9.8%)
 
ABC arbitrage
  99,407   815,280
 
Actia Group
  27,743   71,922
#*
Air France-KLM
  1,251,427   5,135,276
 
Akka Technologies
  81,120   1,688,942
#
AKWEL
  61,489   971,765
 
Albioma SA
  191,797   8,574,262
#
ALD SA
  20,004   199,959
 
Altamir
  136,094   2,483,979
*
Alten SA
  164,730   12,915,465
#*
Amplitude Surgical SAS
  19,526   48,988
 
Assystem SA
  61,967   1,557,546
 
Aubay
  41,374   1,621,331
*
Axway Software SA
  38,973   905,337
*
Bastide le Confort Medical
  18,680   843,421
 
Beneteau SA
  236,902   1,710,241
 
Bigben Interactive
  94,289   1,547,458
 
Boiron SA
  39,840   1,565,118
 
Bonduelle SCA
  93,424   2,231,397
#*
Bourbon Corp.
  28,851   0
 
Burelle SA
  1,134   659,254
#*
Casino Guichard Perrachon SA
  271,603   7,528,560
#*
Catering International Services
  14,124   162,864
*
Cegedim SA
  32,518   1,047,142
*
CGG SA
  4,579,186   3,919,628
#
Chargeurs SA
  124,980   2,086,351
 
Cie des Alpes
  68,915   1,214,679
 
Cie Plastic Omnium SA
  397,771   8,005,833
*
Coface SA
  675,388   5,356,467
 
Derichebourg SA
  674,728   1,950,874
 
Devoteam SA
  34,374   3,946,741
 
Electricite de Strasbourg SA
  21,351   2,749,797
#
Elior Group SA
  643,310   3,562,812
*
Elis SA
  1,122,246   13,635,187
#*
Eramet
  50,163   1,366,108
#*
Erytech Pharma SA
  3,609   26,537
*
Esso SA Francaise
  13,845   210,013
The Continental Small Company Series
CONTINUED
      Shares   Value»
FRANCE — (Continued)
#
Etablissements Maurel et Prom SA
  294,902   $583,661
#*
Europcar Mobility Group
  650,431   1,010,479
#
Eutelsat Communications SA
  1,257,038   12,711,988
*
Exel Industries, Class A
  10,459   442,359
*
Faurecia SE
  238,982   9,228,944
*
Fleury Michon SA
  5,703   163,174
*
Fnac Darty SA
  124,919   4,890,757
*
Gaumont SA
  11,360   1,411,017
 
Gaztransport Et Technigaz SA
  130,815   12,163,295
#
GEA
  2,433   254,115
 
Gevelot SA
  167   27,813
*
GL Events
  64,356   833,326
*
Groupe Crit
  23,123   1,286,920
 
Groupe Gorge
  4,320   61,109
*
Groupe Open
  30,206   534,605
*
Groupe SFPI
  29,940   39,302
 
Guerbet
  38,504   1,362,026
 
Haulotte Group SA
  73,020   389,542
*
HERIGE SADCS
  2,486   67,216
*
HEXAOM
  15,908   597,713
*
ID Logistics Group
  14,640   3,197,438
 
Iliad SA
  3,798   742,781
#
Imerys SA
  208,694   7,732,256
*
Ingenico Group SA
  410,246   66,391,509
#*
Innate Pharma SA
  15,558   94,849
 
IPSOS
  248,613   6,598,523
 
Jacquet Metal Service SA
  87,314   1,102,665
#*
JCDecaux SA
  95,199   1,610,317
#
Kaufman & Broad SA
  123,481   5,331,172
#*
Korian SA
  369,269   15,137,421
#*
Lagardere SCA
  606,564   9,227,951
*
Lanson-BCC
  5,488   107,485
 
Laurent-Perrier
  13,890   1,226,542
*
Le Belier
  10,566   470,644
 
Lectra
  166,120   3,506,530
 
Linedata Services
  14,505   405,570
*
LISI
  114,546   2,575,198
 
LNA Sante SA
  33,206   2,003,577
*
Maisons du Monde SA
  283,561   4,341,794
*
Manitou BF SA
  66,010   1,219,203
 
Manutan International
  15,102   961,093
*
Mersen SA
  116,559   3,144,465
*
METabolic EXplorer SA
  142,767   306,038
*
Metropole Television SA
  246,120   2,972,383
*
Nexans SA
  213,757   11,140,967
 
Nexity SA
  302,767   10,311,259
#*
Nicox
  145,865   634,818
 
NRJ Group
  85,587   616,862
*
Oeneo SA
  128,172   1,713,174
*
OL Groupe SA
  10,735   27,317
#*
Onxeo SA
  182,030   140,967
#*
Onxeo SA
  48,958   38,439
#*
Pierre & Vacances SA
  29,600   472,467
*
Plastivaloire
  37,342   157,848
 
Quadient
  266,312   3,937,310
*
Rallye SA
  111,040   761,118
#*
Recylex SA
  102,008   222,056
*
Rexel SA
  2,202,448   26,140,103
#
Robertet SA
  2,749   2,996,071
The Continental Small Company Series
CONTINUED
      Shares   Value»
FRANCE — (Continued)
*
Rothschild & Co.
  112,843   $2,878,910
 
Rubis SCA
  510,543   24,083,391
 
Samse SA
  8,068   1,186,881
*
Savencia SA
  33,976   1,957,152
*
SCOR SE
  157,334   4,049,301
 
Seche Environnement SA
  18,630   708,064
 
SES SA
  898,721   6,357,231
 
Societe BIC SA
  174,701   10,349,698
#*
Societe des Bains de Mer et du Cercle des Etrangers a Monaco
  56,696   3,718,115
 
Societe Marseillaise du Tunnel Prado-Carenage SA
  5,211   109,518
 
Societe pour l'Informatique Industrielle
  41,811   931,674
*
SOITEC
  131,953   15,641,042
#*
Solocal Group
  4,209,627   475,453
 
Somfy SA
  95,850   11,557,342
*
Sopra Steria Group
  109,236   16,311,557
 
SPIE SA
  840,293   13,678,411
#*
SRP Groupe SA
  73,290   57,446
*
Stef SA
  26,545   2,036,405
*
Sword Group
  33,570   1,271,260
 
Synergie SA
  67,143   1,581,505
*
Tarkett SA
  220,978   2,756,256
#*
Technicolor SA
  58,374   181,801
*
Television Francaise 1
  499,312   2,864,314
 
TFF Group
  8,999   302,763
 
Thermador Groupe
  37,127   2,485,266
#
Tikehau Capital SCA
  4,390   115,577
 
Total Gabon
  3,883   537,033
 
Trigano SA
  53,337   6,087,648
 
Union Financiere de France BQE SA
  18,515   338,592
#*
Vallourec SA
  49,247   1,641,242
*
Valneva SE
  69,195   384,940
 
Vetoquinol SA
  16,496   1,330,448
 
Vicat SA
  126,485   4,167,213
 
VIEL & Cie SA
  162,802   969,173
 
Vilmorin & Cie SA
  35,656   2,094,792
*
Virbac SA
  21,378   4,667,253
*
Vranken-Pommery Monopole SA
  18,965   292,082
*
XPO Logistics Europe SADIR
  33   9,043
TOTAL FRANCE
      500,259,867
GERMANY — (13.9%)
 
1&1 Drillisch AG
  195,276   5,171,749
 
7C Solarparken AG
  20,272   84,576
*
Aareal Bank AG
  462,545   8,463,628
*
Adler Modemaerkte AG
  8,510   22,950
#*
ADO Properties SA
  451,377   12,711,473
*
ADVA Optical Networking SE
  357,523   2,979,898
*
AIXTRON SE
  499,356   6,123,270
 
All for One Group SE
  4,222   216,261
#*
Allgeier SE
  45,266   2,325,750
*
Amadeus Fire AG
  26,597   3,073,502
 
Atoss Software AG
  4,770   578,207
 
Aurubis AG
  296,684   19,786,751
 
Basler AG
  31,331   2,177,332
*
Bauer AG
  75,390   827,849
 
BayWa AG
  105,190   3,302,713
 
BayWa AG
  124   4,446
 
Bechtle AG
  105,584   20,549,017
#
Bertrandt AG
  39,304   1,464,315
The Continental Small Company Series
CONTINUED
      Shares   Value»
GERMANY — (Continued)
 
bet-at-home.com AG
  20,016   $775,965
*
Bijou Brigitte AG
  22,688   685,373
 
Bilfinger SE
  196,084   3,424,291
 
Borussia Dortmund GmbH & Co. KGaA
  567,421   3,738,744
 
CANCOM SE
  203,056   12,211,905
*
CECONOMY AG
  1,081,753   3,855,204
#*
CENIT AG
  53,174   612,104
*
Centrotec SE
  19,983   331,609
 
Cewe Stiftung & Co. KGAA
  43,389   4,881,412
*
comdirect bank AG
  193,071   3,126,159
*
Commerzbank AG
  2,402,275   12,345,655
 
CompuGroup Medical SE & Co. KgaA
  178,844   15,610,603
#*
Corestate Capital Holding SA
  77,099   1,643,441
 
CropEnergies AG
  177,529   1,905,447
*
CTS Eventim AG & Co. KGaA
  416,756   16,543,345
 
Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen
  11,455   607,022
 
Deutsche Beteiligungs AG
  95,431   3,552,208
#*
Deutsche EuroShop AG
  332,014   4,921,967
*
Deutsche Pfandbriefbank AG
  1,030,684   6,529,414
*
Deutz AG
  1,023,677   5,129,088
 
DIC Asset AG
  422,113   5,461,121
 
DMG Mori AG
  13,950   664,114
 
Dr Hoenle AG
  35,520   1,916,093
*
Draegerwerk AG & Co. KGaA
  20,476   1,607,879
#
Duerr AG
  407,164   11,153,739
 
Eckert & Ziegler Strahlen- und Medizintechnik AG
  104,716   5,544,161
#*
EDAG Engineering Group AG
  51,353   366,163
 
Elmos Semiconductor SE
  34,207   838,407
#*
ElringKlinger AG
  194,262   1,177,855
 
Energiekontor AG
  2,066   63,178
*
Evotec SE
  10,103   267,301
*
Ferratum Oyj
  50,792   199,907
*
Fielmann AG
  116,805   8,510,288
#
First Sensor AG
  44,242   2,058,310
 
FORTEC Elektronik AG
  372   7,404
*
Francotyp-Postalia Holding AG, Class A
  55,619   200,303
#*
Fraport AG Frankfurt Airport Services Worldwide
  66,888   2,614,773
 
Freenet AG
  1,025,255   17,499,531
 
Fuchs Petrolub SE
  99,423   3,385,882
 
GEA Group AG
  847,030   30,574,057
 
Gerresheimer AG
  254,880   29,321,115
 
Gesco AG
  56,186   1,015,567
 
GFT Technologies SE
  123,639   1,533,409
 
Grand City Properties SA
  809,750   19,277,225
#*
H&R GmbH & Co. KGaA
  71,674   479,597
 
Hamburger Hafen und Logistik AG
  182,626   3,154,158
 
Hapag-Lloyd AG
  20,998   1,156,112
 
Hawesko Holding AG
  52   2,388
#*
Heidelberger Druckmaschinen AG
  1,919,653   1,608,199
 
Hella GmbH & Co KGaA
  244,119   10,662,409
*
Highlight Communications AG
  98,406   413,667
 
HolidayCheck Group AG
  232,156   301,293
 
Hornbach Baumarkt AG
  51,444   1,890,686
 
Hornbach Holding AG & Co. KGaA
  39,996   3,848,661
 
Hugo Boss AG
  453,639   12,357,147
*
Hypoport SE
  2,382   1,117,512
*
Indus Holding AG
  134,558   4,596,219
*
Instone Real Estate Group AG
  1,424   36,498
 
IVU Traffic Technologies AG
  50,314   924,069
The Continental Small Company Series
CONTINUED
      Shares   Value»
GERMANY — (Continued)
 
Jenoptik AG
  383,317   $9,605,818
*
JOST Werke AG
  5,660   206,976
#
K+S AG
  1,317,454   8,738,984
 
Kampa AG
  7,101   0
*
Kloeckner & Co. SE
  521,960   3,295,763
*
Koenig & Bauer AG
  100,795   2,199,841
 
Krones AG
  113,425   6,891,249
 
KSB SE & Co. KGaA
  3,466   1,063,864
 
KWS Saat SE & Co., KGaA
  80,774   6,258,373
*
Lanxess AG
  602,345   31,241,042
*
Leifheit AG
  60,321   1,920,053
#*
Leoni AG
  213,355   1,752,128
 
LPKF Laser & Electronics AG
  88,339   2,286,724
#*
Manz AG
  30,252   748,235
*
Mediclin AG
  88,966   419,628
#*
Medigene AG
  116,971   708,414
 
METRO AG
  553,216   5,047,201
 
MLP SE
  431,586   2,649,280
#
New Work SE
  20,200   6,649,305
#
Nexus AG
  87,391   4,355,939
#*
Nordex SE
  508,398   5,263,125
 
Norma Group SE
  231,101   6,428,153
*
OHB SE
  38,414   1,831,608
*
Paragon GmbH & Co. KGaA
  704   7,857
 
Patrizia AG
  349,841   9,589,715
#
Pfeiffer Vacuum Technology AG
  49,195   9,867,633
 
PNE AG
  493,007   2,917,432
*
Progress-Werk Oberkirch AG
  8,558   168,751
*
ProSiebenSat.1 Media SE
  1,254,182   13,017,998
 
PSI Software AG
  50,278   1,253,156
#
QSC AG
  768,941   1,180,236
*
R Stahl AG
  14,952   351,547
 
Rheinmetall AG
  315,288   29,809,362
*
Rocket Internet SE
  473,718   10,279,517
*
RTL Group SA
  52,987   1,748,298
*
SAF-Holland SE
  323,761   2,189,713
*
Salzgitter AG
  262,490   3,563,777
*
Schaltbau Holding AG
  32,728   1,028,293
 
Schloss Wachenheim AG
  8,017   135,962
 
Secunet Security Networks AG
  6,248   1,477,580
#*
SGL Carbon SE
  298,485   1,101,787
#*
Shop Apotheke Europe NV
  24,816   3,713,465
 
Siltronic AG
  148,532   13,550,554
*
Sixt SE
  95,154   7,040,587
*
SMA Solar Technology AG
  69,928   2,047,795
#*
SMT Scharf AG
  22,763   214,641
 
Softing AG
  14,914   89,852
 
Software AG
  359,622   16,717,475
 
Stabilus SA
  170,155   8,564,714
 
STRATEC SE
  24,591   2,882,773
#
Stroeer SE & Co. KGaA
  200,696   13,742,414
 
Suedzucker AG
  549,899   9,178,020
#*
SUESS MicroTec SE
  134,313   1,950,383
 
Surteco Group SE
  46,502   1,160,968
 
Syzygy AG
  2,030   11,246
 
TAG Immobilien AG
  954,559   25,099,516
*
Takkt AG
  209,522   2,580,324
#*
Technotrans SE
  46,673   815,923
#*
Tele Columbus AG
  327,138   1,349,529
The Continental Small Company Series
CONTINUED
      Shares   Value»
GERMANY — (Continued)
 
Traffic Systems SE
  35,766   $1,357,336
 
VERBIO Vereinigte BioEnergie AG
  157,195   1,956,244
*
Vossloh AG
  67,672   3,056,348
*
Wacker Chemie AG
  58,418   5,300,006
#*
Wacker Neuson SE
  218,897   3,885,065
*
Washtec AG
  76,788   3,167,992
 
Wuestenrot & Wuerttembergische AG
  113,328   1,908,897
 
Zeal Network SE
  53,361   2,179,836
TOTAL GERMANY
      712,873,260
GREECE — (0.0%)
 
Alfa Alfa Energy SA
  3,810   0
*
Babis Vovos International Construction SA
  21,073   0
*
Elektroniki Athinon SA
  7,497   0
*
Neorion Holdings SA
  14,991   0
TOTAL GREECE
      0
IRELAND — (0.5%)
*
AIB Group P.L.C.
  73,334   91,970
*
Bank of Ireland Group P.L.C.
  3,974,763   8,257,925
 
C&C Group P.L.C.
  540,506   1,633,912
 
Cairn Homes P.L.C
  1,650,309   1,651,497
*
Datalex P.L.C.
  107,125   31,547
*
FBD Holdings P.L.C.
  125,459   944,475
*
FBD Holdings P.L.C.
  17,353   135,884
 
Glanbia P.L.C.
  346,148   4,202,234
 
Glanbia P.L.C.
  700,613   8,302,906
 
Irish Continental Group P.L.C.
  583,096   2,277,870
 
Irish Continental Group P.L.C.
  234,200   916,717
*
Permanent TSB Group Holdings P.L.C.
  229,967   131,850
TOTAL IRELAND
      28,578,787
ISRAEL — (3.0%)
#
Adgar Investment and Development, Ltd.
  39,391   42,362
*
Afcon Holdings, Ltd.
  3,064   105,966
*
AFI Properties, Ltd.
  99,961   2,253,743
 
Africa Israel Residences, Ltd.
  2,237   66,003
*
Airport City, Ltd.
  281,774   3,235,507
*
Albaad Massuot Yitzhak, Ltd.
  1,520   26,342
*
Allot, Ltd.
  188,324   2,244,179
 
Alrov Properties and Lodgings, Ltd.
  49,397   1,154,431
 
Arad, Ltd.
  18,409   268,646
*
Arko Holdings, Ltd.
  1,571,096   821,616
#
Ashtrom Group, Ltd.
  124,270   1,469,301
#
Ashtrom Properties, Ltd.
  219,123   821,294
 
Atreyu Capital Markets, Ltd.
  2,154   35,219
#
AudioCodes, Ltd.
  172,580   6,316,069
*
Avgol Industries 1953, Ltd.
  468,925   581,824
*
Azorim-Investment Development & Construction Co., Ltd.
  511,227   900,207
#
Bayside Land Corp.
  6,600   4,057,066
#*
Bet Shemesh Engines Holdings 1997, Ltd.
  21,702   378,495
#
Big Shopping Centers, Ltd.
  32,885   2,354,889
 
Blue Square Real Estate, Ltd.
  36,427   1,372,255
*
Brack Capital Properties NV
  18,347   1,300,008
#*
Brainsway, Ltd.
  54,222   162,336
 
Camtek, Ltd.
  113,800   1,727,313
#
Carasso Motors, Ltd.
  127,253   367,063
*
Cellcom Israel, Ltd.
  495,333   1,941,942
The Continental Small Company Series
CONTINUED
      Shares   Value»
ISRAEL — (Continued)
#*
Ceragon Networks, Ltd.
  266,244   $697,559
*
Clal Insurance Enterprises Holdings, Ltd.
  301,040   2,621,843
#*
Compugen, Ltd.
  199,256   2,825,350
#
Danel Adir Yeoshua, Ltd.
  21,864   2,262,857
 
Delek Automotive Systems, Ltd.
  226,353   1,073,035
#
Delek Group, Ltd.
  7,609   167,979
 
Delta-Galil Industries, Ltd.
  70,358   731,697
#*
Dor Alon Energy in Israel 1988, Ltd.
  15,057   266,861
 
Duniec Brothers, Ltd.
  304   8,167
*
El Al Israel Airlines
  1,449,354   267,710
 
Electra Consumer Products 1970, Ltd.
  53,953   1,405,633
#*
Electra Real Estate, Ltd.
  23,236   97,963
 
Electra, Ltd.
  12,102   5,599,718
*
Energix-Renewable Energies, Ltd.
  153,502   690,351
*
Enlight Renewable Energy, Ltd.
  2,163,770   3,806,352
*
Equital, Ltd.
  117,510   2,059,908
 
FMS Enterprises Migun, Ltd.
  19,186   481,035
 
Formula Systems 1985, Ltd.
  62,881   5,566,325
#
Fox Wizel, Ltd.
  57,376   2,142,795
*
Gilat Satellite Networks, Ltd.
  225,761   1,243,634
#*
Hadera Paper, Ltd.
  24,531   818,509
*
Hamlet Israel-Canada, Ltd.
  32,585   541,036
#
Harel Insurance Investments & Financial Services, Ltd.
  867,528   5,752,713
*
Hilan, Ltd.
  100,860   4,537,752
#
IDI Insurance Co., Ltd.
  44,734   1,020,832
*
IES Holdings, Ltd.
  322   13,287
 
Inrom Construction Industries, Ltd.
  357,290   1,230,753
 
Israel Canada T.R, Ltd.
  131,507   157,302
 
Israel Land Development - Urban Renewal, Ltd.
  41,747   262,358
#
Isras Investment Co., Ltd.
  5,655   790,557
#*
Issta Lines, Ltd.
  12,135   120,159
*
Kamada, Ltd.
  212,977   1,765,323
 
Kenon Holdings, Ltd.
  124,381   2,563,627
 
Kerur Holdings, Ltd.
  31,762   980,951
*
Klil Industries, Ltd.
  5,696   382,867
#
Magic Software Enterprises, Ltd.
  133,913   1,578,308
 
Malam - Team, Ltd.
  276   52,542
 
Matrix IT, Ltd.
  232,691   6,076,287
 
Maytronics, Ltd.
  285,819   4,407,417
#*
Mediterranean Towers, Ltd.
  389,107   781,554
#
Mega Or Holdings, Ltd.
  81,523   1,874,596
#*
Mehadrin, Ltd.
  3,072   110,426
 
Meitav Dash Investments, Ltd.
  125,156   363,730
 
Menora Mivtachim Holdings, Ltd.
  183,680   2,176,140
 
Migdal Insurance & Financial Holdings, Ltd.
  2,542,729   1,563,974
 
Minrav Holdings, Ltd.
  263   32,799
#*
Mivne Real Estate KD, Ltd.
  721,862   1,412,495
#*
Mivtach Shamir Holdings, Ltd.
  24,697   438,904
#*
Naphtha Israel Petroleum Corp., Ltd.
  244,337   899,332
#*
Nawi Brothers, Ltd.
  116,369   438,362
 
Neto ME Holdings, Ltd.
  9,545   393,469
*
Nova Measuring Instruments, Ltd.
  183,116   9,374,202
 
NR Spuntech Industries, Ltd.
  76,176   220,679
 
Oil Refineries, Ltd.
  9,609,294   1,792,206
#
One Software Technologies, Ltd.
  1,946   147,871
#
OPC Energy, Ltd.
  50,409   413,637
#*
Partner Communications Co., Ltd.
  806,477   3,317,777
 
Paz Oil Co., Ltd.
  60,870   4,836,893
*
Perion Network, Ltd.
  29,950   187,763
The Continental Small Company Series
CONTINUED
      Shares   Value»
ISRAEL — (Continued)
*
Phoenix Holdings, Ltd. (The)
  595,683   $2,702,630
 
Plasson Industries, Ltd.
  20,585   791,909
*
Pluristem Therapeutics, Inc.
  3,536   28,732
 
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd.
  51,193   3,103,510
#
Scope Metals Group, Ltd.
  47,147   695,610
*
Shapir Engineering and Industry, Ltd.
  58,087   429,494
 
Shikun & Binui, Ltd.
  1,215,715   5,542,314
#
Shufersal, Ltd.
  605,497   4,264,017
 
Summit Real Estate Holdings, Ltd.
  215,385   1,883,627
*
Suny Cellular Communication, Ltd.
  473,129   119,521
#
Tadiran Holdings, Ltd.
  15,407   846,555
 
Union Bank of Israel
  199,952   1,010,524
 
YH Dimri Construction & Development, Ltd.
  10,575   298,505
TOTAL ISRAEL
      153,567,185
ITALY — (9.4%)
#*
A.S. Roma SpA
  189,067   113,823
 
A2A SpA
  10,326,675   14,837,884
 
ACEA SpA
  380,144   7,780,378
#*
Aeffe SpA
  255,006   266,400
#*
Amplifon SpA
  377,132   12,910,693
 
Anima Holding SpA
  2,118,887   9,559,814
#*
Aquafil SpA
  77,554   319,637
*
Arnoldo Mondadori Editore SpA
  987,402   1,240,091
 
Ascopiave SpA
  474,229   1,845,233
*
Autogrill SpA
  898,125   4,295,583
*
Autostrade Meridionali SpA
  3,917   94,577
*
Avio SpA
  104,775   1,697,444
 
Azimut Holding SpA
  760,464   14,487,876
*
B&C Speakers SpA
  19,155   225,149
#*
Banca Carige SpA
  148,414,098   48,951
*
Banca Farmafactoring SpA
  754,049   4,280,907
*
Banca Generali SpA
  362,225   10,836,349
*
Banca IFIS SpA
  163,757   1,687,852
#*
Banca Monte dei Paschi di Siena SpA
  213,039   389,295
*
Banca Popolare di Sondrio SCPA
  3,162,626   7,063,507
#*
Banca Profilo SpA
  1,814,636   416,149
#*
Banca Sistema SpA
  379,814   778,419
#*
Banco BPM SpA
  9,669,073   14,612,062
#*
Banco di Desio e della Brianza SpA
  238,796   624,824
 
BasicNet SpA
  169,875   706,079
 
Be Shaping The Future SpA
  533,191   720,122
#*
Biesse SpA
  92,462   1,327,171
#*
BPER Banca
  2,585,264   6,562,623
*
Brunello Cucinelli SpA
  250,422   7,294,358
 
Buzzi Unicem SpA
  4,665   60,061
 
Buzzi Unicem SpA
  630,912   14,354,337
*
Cairo Communication SpA
  497,490   799,553
 
Carel Industries SpA
  1,744   32,937
#*
Carraro SpA
  126,965   206,711
 
Cementir Holding NV
  333,699   2,318,257
*
Cerved Group SpA
  1,357,497   11,255,418
*
CIR SpA-Compagnie Industriali
  5,326,857   2,417,834
*
Credito Emiliano SpA
  599,354   3,066,827
*
Credito Valtellinese SpA
  442,989   3,280,902
*
d'Amico International Shipping SA
  2,046,536   221,362
 
Danieli & C Officine Meccaniche SpA
  36,955   297,732
 
Danieli & C Officine Meccaniche SpA
  102,606   1,340,667
 
Datalogic SpA
  123,326   1,735,942
The Continental Small Company Series
CONTINUED
      Shares   Value»
ITALY — (Continued)
*
De' Longhi SpA
  387,895   $12,142,258
 
DeA Capital SpA
  736,902   992,206
#*
doValue SpA
  1,874   20,640
*
Elica SpA
  192,920   576,622
*
Emak SpA
  388,913   360,646
 
Enav SpA
  1,225,438   5,011,655
 
ERG SpA
  385,024   9,387,974
*
Esprinet SpA
  221,349   1,104,542
#*
Eurotech SpA
  216,751   1,214,651
 
Falck Renewables SpA
  886,280   5,797,199
#
Fiera Milano SpA
  107,924   307,505
#*
Fila SpA
  142,640   1,326,214
#*
Fincantieri SpA
  3,504,948   2,394,901
#
Finmatica SpA
  5,960   0
*
FNM SpA
  1,412,345   742,346
#*
Freni Brembo SpA
  1,117,739   10,123,740
#*
Gefran SpA
  37,987   217,512
#*
Geox SpA
  528,388   406,162
 
Gruppo MutuiOnline SpA
  164,315   3,893,307
*
Guala Closures SpA
  56,729   428,221
 
Hera SpA
  4,939,246   18,986,853
 
Illimity Bank SpA
  159,924   1,328,238
#*
IMA Industria Macchine Automatiche SpA
  126,942   10,111,338
*
IMMSI SpA
  1,068,762   517,295
#*
Intek Group SpA
  1,911,263   551,465
 
Interpump Group SpA
  396,898   13,051,113
 
Iren SpA
  4,407,993   11,134,958
 
Italgas SpA
  3,480,238   22,349,091
 
Italmobiliare SpA
  76,176   2,646,366
#*
IVS Group SA
  58,424   331,269
#*
Juventus Football Club SpA
  2,997,765   3,177,345
 
La Doria SpA
  87,297   1,109,876
 
Leonardo SpA
  600,493   3,855,914
 
LU-VE SpA
  5,064   71,373
#*
Maire Tecnimont SpA
  1,041,321   1,867,496
#
Mariella Burani Fashion Group S.p.A.
  22,744   0
*
MARR SpA
  228,828   3,398,703
 
Massimo Zanetti Beverage Group SpA
  65,668   310,143
#*
Mediaset SpA
  3,709,525   6,607,814
 
Mediobanca Banca di Credito Finanziario SpA
  549,031   4,434,009
#*
Mondo TV SpA
  38,811   84,600
 
Openjobmetis SpA agenzia per il lavoro
  63,025   417,843
#*
OVS SpA
  1,278,406   1,396,351
 
Piaggio & C SpA
  1,243,896   3,488,197
#*
Pirelli & C SpA
  2,304,139   9,125,097
#*
Prima Industrie SpA
  34,004   517,898
 
Prysmian SpA
  721,027   18,437,896
 
RAI Way SpA
  552,918   3,640,908
 
Reno de Medici SpA
  1,173,753   1,208,003
 
Reply SpA
  147,531   13,574,556
 
Richard-Ginori 1735 SpA
  8,489   0
#*
Rizzoli Corriere Della Sera Mediagroup SpA
  1,063,177   734,373
*
Sabaf SpA
  49,948   647,269
 
SAES Getters SpA
  14,209   422,106
#*
Safilo Group SpA
  233,748   191,604
#
Saipem SpA
  4,074,593   8,726,125
#*
Salvatore Ferragamo SpA
  361,379   4,865,501
*
Saras SpA
  3,832,906   2,842,569
#
Servizi Italia SpA
  62,874   171,720
The Continental Small Company Series
CONTINUED
      Shares   Value»
ITALY — (Continued)
 
Sesa SpA
  49,781   $3,791,377
#*
Societa Cattolica di Assicurazioni SC
  1,080,356   6,542,828
#*
Sogefi SpA
  332,859   346,603
 
SOL SpA
  161,642   2,052,206
 
Tamburi Investment Partners SpA
  827,805   5,457,937
#*
Technogym SpA
  631,612   5,376,714
*
Tinexta S.p.A.
  122,766   2,100,351
#*
Tod's SpA
  66,689   1,930,538
*
TXT e-solutions SpA
  43,931   391,394
*
Unieuro SpA
  66,937   675,388
#*
Unione di Banche Italiane SpA
  7,777,728   33,106,577
*
Unipol Gruppo SpA
  3,109,522   13,063,892
 
UnipolSai Assicurazioni SpA
  49,634   127,470
#
Webuild SpA
  1,282,257   1,655,569
 
Zignago Vetro SpA
  189,132   2,965,669
TOTAL ITALY
      480,777,879
NETHERLANDS — (6.9%)
 
Aalberts NV
  720,308   25,723,801
*
Accell Group NV
  145,492   4,081,882
 
AFC Ajax NV
  13,955   249,802
*
Altice Europe NV
  3,929,414   18,630,400
#*
Altice Europe NV, Class B
  143,350   680,859
#
AMG Advanced Metallurgical Group NV
  184,488   3,287,401
 
Amsterdam Commodities NV
  119,479   2,653,827
 
APERAM SA
  379,216   10,801,789
#*
Arcadis NV
  528,120   10,846,807
 
ASM International NV
  56,119   8,584,426
 
ASR Nederland NV
  873,857   28,231,840
 
Atag Group NV
  4,630   0
*
Basic-Fit NV
  181,929   4,735,025
 
BE Semiconductor Industries NV
  550,104   24,596,090
#*
Beter Bed Holding NV
  10,924   31,047
*
Boskalis Westminster
  620,160   11,714,144
#*
Brunel International NV
  155,477   1,123,689
 
Corbion NV
  416,939   16,004,213
 
Euronext NV
  311,958   36,036,672
 
Flow Traders
  223,910   8,227,154
 
ForFarmers NV
  214,677   1,382,046
#*
Fugro NV
  563,477   2,269,264
*
GrandVision NV
  173,216   4,968,442
#*
Heijmans NV
  149,927   1,053,113
*
Hunter Douglas NV
  25,613   1,389,984
#
IMCD NV
  357,089   36,925,704
#
Intertrust NV
  466,539   8,644,967
#*
Kendrion NV
  99,694   1,371,742
#*
Koninklijke BAM Groep NV
  1,855,013   2,890,399
*
Lucas Bols NV
  23,064   210,454
*
Nederland Apparatenfabriek
  33,400   1,634,147
*
OCI NV
  327,478   3,902,020
*
Ordina NV
  625,125   1,584,403
 
PostNL NV
  3,372,376   8,271,567
 
SBM Offshore NV
  1,334,375   20,764,570
#*
SIF Holding NV
  34,182   438,195
*
Signify NV
  780,137   23,406,643
#
Sligro Food Group NV
  166,461   2,613,526
#
SNS NV
  705,718   0
 
TKH Group NV
  267,721   10,558,464
*
TomTom NV
  492,125   3,940,571
The Continental Small Company Series
CONTINUED
      Shares   Value»
NETHERLANDS — (Continued)
 
Van Lanschot Kempen NV
  76,871   $1,330,440
TOTAL NETHERLANDS
      355,791,529
NORWAY — (2.2%)
 
ABG Sundal Collier Holding ASA
  2,446,501   1,127,684
 
AF Gruppen ASA
  68,590   1,318,108
*
Akastor ASA
  1,007,433   668,440
*
Aker Solutions ASA
  1,055,058   1,723,739
 
American Shipping Co. ASA
  236,690   693,220
*
Archer, Ltd.
  271,045   62,920
 
Arendals Fossekompani A.S.
  90   29,854
 
Atea ASA
  529,509   6,148,202
 
Austevoll Seafood ASA
  437,677   3,699,438
#
Avance Gas Holding, Ltd.
  393,737   922,243
#*
Axactor SE
  762,469   572,993
#*
B2Holding ASA
  1,521,728   784,876
 
Bonheur ASA
  146,347   3,449,425
 
Borregaard ASA
  743,872   9,922,759
#*
BW Energy, Ltd.
  205,065   386,691
 
BW LPG, Ltd.
  685,466   2,837,987
 
BW Offshore, Ltd.
  774,469   2,697,271
#
DNO ASA
  3,438,430   2,183,972
 
Europris ASA
  1,186,781   5,834,402
#
FLEX LNG, Ltd.
  199,912   1,108,383
#
Frontline, Ltd.
  521,534   4,206,144
#
Golden Ocean Group, Ltd.
  176,309   684,270
 
Grieg Seafood ASA
  369,858   3,743,002
#*
Hexagon Composites ASA
  640,597   3,373,036
#
Hoegh LNG Holdings, Ltd.
  225,626   272,957
#*
IDEX Biometrics ASA
  506,708   90,831
#
Itera ASA
  10,713   13,976
#*
Kongsberg Automotive ASA
  17,439,468   287,660
#*
Kvaerner ASA
  1,328,996   1,413,753
#*
Nordic Nanovector ASA
  328,770   801,753
#*
Nordic Semiconductor ASA
  1,018,555   10,101,434
 
Norway Royal Salmon ASA
  93,418   2,320,174
*
Norwegian Finans Holding ASA
  671,029   5,012,880
 
Norwegian Property ASA
  43,744   55,384
*
NRC Group ASA
  6,559   23,483
#
Ocean Yield ASA
  416,884   1,021,458
#*
Odfjell Drilling, Ltd.
  636,220   794,438
*
Odfjell SE, Class A
  137,586   312,533
*
Olav Thon Eiendomsselskap ASA
  118,760   2,001,374
*
Otello Corp. ASA
  571,363   790,026
*
Panoro Energy ASA
  43,655   48,537
*
PGS ASA
  2,380,755   848,913
*
PhotoCure ASA
  115,295   933,208
#*
Protector Forsikring ASA
  438,078   2,114,919
#*
REC Silicon ASA
  1,473,908   578,896
*
Sbanken ASA
  486,979   3,512,860
 
Scatec Solar ASA
  227,808   3,970,862
 
Selvaag Bolig ASA
  313,829   1,747,752
*
Solon Eiendom ASA
  56,855   185,840
*
SpareBank 1 SR-Bank ASA
  6,864   54,438
#
Stolt-Nielsen, Ltd.
  195,297   1,758,345
*
Subsea 7 SA
  91,166   698,399
 
TGS NOPEC Geophysical Co. ASA
  12,586   187,351
 
Treasure ASA
  314,079   361,040
*
Veidekke ASA
  717,317   9,756,650
The Continental Small Company Series
CONTINUED
      Shares   Value»
NORWAY — (Continued)
#*
Wallenius Wilhelmsen ASA
  401,589   $595,618
 
Wilh Wilhelmsen Holding ASA, Class A
  68,304   844,043
#*
XXL ASA
  631,470   1,521,314
TOTAL NORWAY
      113,212,158
PORTUGAL — (0.8%)
#
Altri SGPS SA
  541,780   2,680,289
#*
Banco Comercial Portugues SA, Class R
  55,839,073   6,439,636
*
Banco Espirito Santo SA
  4,777,921   0
*
CTT-Correios de Portugal SA
  806,080   2,152,372
#*
Ibersol SGPS SA
  36,721   235,786
#*
Mota-Engil SGPS SA
  641,747   883,945
#
Navigator Co. SA (The)
  1,838,891   4,562,699
 
NOS SGPS SA
  1,828,612   8,081,174
 
Novabase SGPS SA
  72,649   275,447
 
REN - Redes Energeticas Nacionais SGPS SA
  3,010,364   8,659,933
 
Semapa-Sociedade de Investimento e Gestao
  173,756   1,563,092
*
Sonae Capital SGPS SA
  765,843   432,163
 
Sonae SGPS SA
  6,699,002   4,683,175
TOTAL PORTUGAL
      40,649,711
SPAIN — (5.5%)
#
Acciona SA
  173,951   19,311,027
*
Acerinox SA
  1,153,704   9,947,557
#*
Adveo Group International SA
  84,445   9,042
 
Alantra Partners SA
  70,405   877,443
*
Almirall SA
  415,709   4,601,067
*
Amper SA
  5,396,257   980,824
*
Applus Services SA
  911,014   7,061,433
#
Atresmedia Corp. de Medios de Comunicacion SA
  545,239   1,479,954
*
Azkoyen SA
  67,253   396,066
 
Banco de Sabadell SA
  24,460,882   8,395,912
#
Bankia SA
  6,339,451   8,077,257
 
Bankinter SA
  3,802,314   19,768,941
#*
Caja de Ahorros del Mediterraneo
  116,412   0
 
Cia de Distribucion Integral Logista Holdings SA
  336,921   6,290,680
 
CIE Automotive SA
  424,373   6,713,324
 
Construcciones y Auxiliar de Ferrocarriles SA
  129,621   4,449,646
#*
Distribuidora Internacional de Alimentacion SA
  207,031   27,231
 
Ebro Foods SA
  531,944   11,929,996
#*
eDreams ODIGEO SA
  424,956   890,266
 
Elecnor SA
  200,108   2,102,143
 
Enagas SA
  611,296   15,422,597
#
Ence Energia y Celulosa SA
  988,129   2,978,985
 
Ercros SA
  746,169   1,510,882
 
Euskaltel SA
  548,865   5,109,814
 
Faes Farma SA
  1,946,138   8,190,707
*
Fluidra SA
  324,873   5,379,980
 
Fomento de Construcciones y Contratas SA
  349,650   3,012,558
 
Gestamp Automocion SA
  290,042   696,969
 
Global Dominion Access SA
  695,411   2,276,112
 
Grupo Catalana Occidente SA
  271,298   6,405,658
#*
Grupo Empresarial San Jose SA
  151,317   785,318
#*
Grupo Ezentis SA
  1,629,459   552,569
 
Iberpapel Gestion SA
  47,911   1,010,742
#*
Indra Sistemas SA
  856,710   6,469,271
 
Laboratorios Farmaceuticos Rovi SA
  72,954   2,519,656
*
Liberbank SA
  13,371,091   2,595,948
The Continental Small Company Series
CONTINUED
      Shares   Value»
SPAIN — (Continued)
 
Mapfre SA
  39,935   $72,315
*
Masmovil Ibercom SA
  410,017   10,961,934
*
Mediaset Espana Comunicacion SA
  1,072,499   3,508,136
#*
Melia Hotels International SA
  772,448   2,859,610
*
Metrovacesa S.A.
  12,162   83,946
 
Miquel y Costas & Miquel SA
  142,923   1,976,528
*
Neinor Homes SA
  23,589   282,254
#*
Obrascon Huarte Lain SA
  905,725   592,785
 
Pharma Mar SA
  109,560   11,625,636
 
Prim SA
  39,523   432,103
*
Promotora de Informaciones SA, Class A
  2,171,728   1,104,500
 
Prosegur Cia de Seguridad SA
  1,677,108   4,456,735
*
Quabit Inmobiliaria SA
  597,158   254,936
*
Realia Business SA
  1,729,487   1,334,971
 
Renta 4 Banco SA
  442   3,124
#
Sacyr SA
  3,062,890   6,928,707
#*
Solaria Energia y Medio Ambiente SA
  395,783   6,002,476
*
Talgo SA
  615,814   2,833,345
*
Tecnicas Reunidas SA
  195,397   2,454,402
#*
Tubacex SA
  772,793   990,844
*
Unicaja Banco SA
  2,602,289   1,449,183
 
Vidrala SA
  117,537   12,889,329
 
Viscofan SA
  280,336   20,539,770
*
Vocento SA
  352,577   274,741
 
Zardoya Otis SA
  1,131,276   7,509,817
TOTAL SPAIN
      279,649,702
SWEDEN — (8.6%)
 
AcadeMedia AB
  409,206   2,971,916
*
Adapteo Oyj
  280,480   2,388,085
*
AddLife AB, Class B
  219,380   3,069,836
*
AddNode Group AB
  84,058   1,879,212
 
AddTech AB, Class B
  344,858   16,165,399
*
AF POYRY AB
  626,251   16,075,724
#
Alimak Group AB
  253,043   3,149,958
#*
Ambea AB
  51,259   317,998
*
Arise AB
  39,939   161,401
 
Arjo AB, Class B
  927,443   5,751,369
 
Atrium Ljungberg AB, Class B
  244,368   3,780,477
*
Attendo AB
  680,729   3,561,758
 
Avanza Bank Holding AB
  687,653   13,408,527
 
Beijer Alma AB
  284,490   3,430,838
#*
Beijer Electronics Group AB
  93,898   411,142
 
Beijer Ref AB
  195,269   7,614,756
 
Bergman & Beving AB
  193,579   1,774,128
 
Besqab AB
  21,962   288,505
 
Betsson AB
  977,562   7,370,886
*
Bilia AB, Class A
  659,191   6,378,332
 
BillerudKorsnas AB
  606,012   9,681,687
 
BioGaia AB, Class B
  122,544   7,833,372
*
Biotage AB
  456,538   8,274,395
*
Bjorn Borg AB
  13,009   21,042
 
Bonava AB, Class B
  458,773   3,090,611
*
Bravida Holding AB
  955,458   10,475,046
*
Bufab AB
  216,961   2,820,915
#*
Bulten AB
  119,933   741,468
 
Bure Equity AB
  449,636   12,335,278
#*
Byggmax Group AB
  356,302   1,908,774
 
Catena AB
  152,830   6,309,106
The Continental Small Company Series
CONTINUED
      Shares   Value»
SWEDEN — (Continued)
#*
Catena Media P.L.C.
  51,578   $163,425
*
Cavotec SA
  79,682   169,554
 
Clas Ohlson AB, Class B
  148,783   1,674,480
*
Cloetta AB, Class B
  1,667,143   4,609,388
#*
Collector AB
  134,446   214,966
*
Coor Service Management Holding AB
  270,442   2,153,702
 
Corem Property Group AB, Class B
  163,626   311,458
 
Dios Fastigheter AB
  868,442   5,885,324
*
Dometic Group AB
  980,994   9,577,100
#*
Doro AB
  155,569   678,474
*
Duni AB
  220,953   2,167,430
 
Dustin Group AB
  449,101   2,728,197
 
Eastnine AB
  126,421   1,661,793
*
Elanders AB, Class B
  54,920   407,701
#*
Eltel AB
  206,068   455,499
#*
Enea AB
  102,697   2,132,742
#*
eWork Group AB
  32,666   264,010
*
Fagerhult AB
  293,570   1,156,357
*
Fingerprint Cards AB, Class B
  634,700   1,178,733
*
Granges AB
  587,617   4,746,381
*
Gunnebo AB
  247,275   497,797
*
Haldex AB
  276,371   1,015,121
 
Heba Fastighets AB, Class B
  133,938   1,326,823
*
Hexpol AB
  147,016   978,184
*
HIQ International AB
  177,176   1,070,825
*
HMS Networks AB
  115,458   2,585,899
#*
Hoist Finance AB
  503,768   1,623,081
*
Humana AB
  93,965   566,323
*
IAR Systems Group AB
  1,213   18,267
*
Inwido AB
  466,485   4,370,822
 
JM AB
  525,001   15,573,821
 
Kindred Group P.L.C.
  1,200,537   8,454,003
 
Klovern AB, Class B
  3,984,878   6,406,969
*
KNOW IT AB
  201,771   4,170,014
 
Kungsleden AB
  1,454,309   11,762,862
 
Lagercrantz Group AB, Class B
  465,779   9,412,349
 
Lindab International AB
  603,188   9,426,895
*
Loomis AB
  256,870   6,137,755
*
Medivir AB, Class B
  119,942   213,450
*
Mekonomen AB
  269,960   2,297,966
 
Millicom International Cellular SA
  11,648   350,599
*
Modern Times Group MTG AB, Class B
  358,340   4,887,945
 
Momentum Group AB, Class B
  184,982   2,973,431
 
Mycronic AB
  441,388   8,401,284
 
NCC AB, Class B
  112,716   1,957,591
*
Nederman Holding AB
  29,566   389,155
#*
Net Insight AB, Class B
  1,178,944   289,227
*
New Wave Group AB, Class B
  435,702   1,809,054
*
Nobia AB
  860,489   5,105,301
*
Nobina AB
  739,814   4,659,834
*
Nolato AB, Class B
  159,009   13,219,679
*
Nordic Entertainment Group AB, Class B
  53,518   2,242,340
*
Nordic Waterproofing Holding A.S.
  66,304   888,430
 
NP3 Fastigheter AB
  152,387   1,604,349
*
Nyfosa AB
  1,252,852   9,377,283
*
OEM International AB, Class B
  46,319   1,280,177
*
Pandox AB
  93,146   1,175,892
*
Peab AB, Class B
  676,819   6,352,777
 
Platzer Fastigheter Holding AB, Class B
  249,458   2,269,021
The Continental Small Company Series
CONTINUED
      Shares   Value»
SWEDEN — (Continued)
#
Pricer AB, Class B
  892,974   $2,650,523
*
Proact IT Group AB
  61,875   1,302,385
#*
Qliro Group AB
  703,184   537,853
*
Ratos AB, Class B
  1,526,547   5,462,528
#*
RaySearch Laboratories AB
  163,313   1,717,553
#*
Recipharm AB, Class B
  479,270   7,708,314
 
Resurs Holding AB
  622,116   3,124,683
 
Rottneros AB
  672,020   620,496
 
Samhallsbyggnadsbolaget i Norden AB
  163,140   444,760
#*
SAS AB
  1,633,263   1,471,229
*
Scandi Standard AB
  399,701   2,981,185
 
Sectra AB, Class B
  111,168   7,641,019
*
Semcon AB
  118,592   774,571
*
Sensys Gatso Group AB
  2,498,845   361,273
#
SkiStar AB
  314,278   3,685,191
 
Systemair AB
  88,489   1,690,793
 
Tethys Oil AB
  41,133   210,636
 
Thule Group AB
  509,061   15,142,601
 
Troax Group AB
  210,818   3,980,474
*
VBG Group AB, Class B
  26,108   383,899
 
Wihlborgs Fastigheter AB
  838,096   14,123,648
TOTAL SWEDEN
      438,936,864
SWITZERLAND — (14.3%)
 
Allreal Holding AG
  114,189   22,718,524
 
ALSO Holding AG
  43,335   11,432,965
*
ams AG
  1,516,165   25,502,824
*
APG SGA SA
  8,640   1,608,367
#*
Arbonia AG
  345,865   3,950,257
#*
Aryzta AG
  6,545,222   4,151,526
*
Ascom Holding AG
  185,628   2,121,803
#*
Autoneum Holding AG
  21,144   2,144,394
 
Bachem Holding AG, Class B
  3,642   1,096,314
 
Banque Cantonale de Geneve
  9,528   1,852,475
*
Banque Cantonale du Jura SA
  4,071   246,098
 
Banque Cantonale Vaudoise
  75,290   7,889,002
 
Belimo Holding AG
  3,028   24,054,921
 
Bell Food Group AG
  14,524   3,720,785
 
Bellevue Group AG
  57,974   1,521,084
 
Berner Kantonalbank AG
  28,933   7,036,548
 
BKW AG
  153,128   14,787,386
 
Bobst Group SA
  65,642   3,916,939
 
Bossard Holding AG, Class A
  43,180   7,394,414
 
Bucher Industries AG
  54,197   17,850,839
 
Burckhardt Compression Holding AG
  541   135,925
 
Burkhalter Holding AG
  28,978   1,882,260
*
Calida Holding AG
  32,749   1,000,110
#
Carlo Gavazzi Holding AG
  2,982   523,814
 
Cembra Money Bank AG
  187,433   20,464,768
#
Cicor Technologies, Ltd.
  14,897   593,081
 
Cie Financiere Tradition SA
  10,661   1,238,503
#
Clariant AG
  249,867   4,722,643
 
Coltene Holding AG
  25,850   2,185,836
 
Conzzeta AG
  9,616   8,918,592
 
Daetwyler Holding AG
  27,598   5,606,374
 
DKSH Holding AG
  225,777   14,500,970
 
dormakaba Holding AG
  24,237   13,573,137
#*
Dottikon Es Holding AG
  143   143,984
*
Dufry AG
  276,747   7,066,571
The Continental Small Company Series
CONTINUED
      Shares   Value»
SWITZERLAND — (Continued)
 
EFG International AG
  675,982   $4,470,528
 
Emmi AG
  15,057   13,599,150
 
Energiedienst Holding AG
  82,946   2,716,349
#*
Evolva Holding SA
  3,349,123   921,381
#*
Feintool International Holding AG
  16,000   790,142
#*
Fenix Outdoor International AG
  19,372   2,156,988
*
Flughafen Zurich AG
  126,351   16,018,625
 
Forbo Holding AG
  8,613   13,433,112
 
Galenica AG
  28,114   2,081,501
*
GAM Holding AG
  1,195,762   2,932,008
 
Georg Fischer AG
  31,555   28,992,648
 
Gurit Holding AG
  3,022   5,392,405
 
Helvetia Holding AG
  218,900   19,838,114
*
Hiag Immobilien Holding AG
  19,720   1,912,403
#*
HOCHDORF Holding AG
  6,820   543,796
 
Huber & Suhner AG
  94,378   7,347,251
 
Hypothekarbank Lenzburg AG
  6   27,575
 
Implenia AG
  126,765   5,575,777
*
Ina Invest Holding AG
  25,352   526,694
 
Inficon Holding AG
  14,600   12,026,083
 
Interroll Holding AG
  4,787   11,321,919
 
Intershop Holding AG
  10,318   6,310,142
 
Investis Holding SA
  3,673   330,471
*
Jungfraubahn Holding AG
  17,432   2,385,354
 
Kardex Holding AG
  47,374   8,259,690
#*
Komax Holding AG
  25,771   3,762,709
#
Kudelski SA
  233,259   854,997
*
Landis & Gyr Group AG
  33,447   2,042,767
#*
Lastminute.com NV
  23,689   526,258
 
LEM Holding SA
  3,808   5,958,515
 
Liechtensteinische Landesbank AG
  63,994   3,883,635
#
Luzerner Kantonalbank AG
  19,960   8,290,681
*
MCH Group AG
  3,800   63,940
*
Meier Tobler Group AG
  22,913   228,421
#
Metall Zug AG
  1,082   1,480,026
#*
Meyer Burger Technology AG
  2,931,891   447,566
*
Mikron Holding AG
  8,692   47,828
#
Mobilezone Holding AG
  279,877   2,243,979
 
Mobimo Holding AG
  55,872   15,650,645
 
OC Oerlikon Corp. AG
  1,609,083   13,503,548
#*
Orascom Development Holding AG
  93,520   879,522
#
Orell Fuessli AG
  5,028   489,589
 
Orior AG
  37,151   3,045,480
 
Phoenix Mecano AG
  4,472   1,628,557
 
Plazza AG, Class A
  7,247   2,226,792
 
PSP Swiss Property AG
  331,480   36,823,743
 
Rieter Holding AG
  21,259   1,742,982
 
Romande Energie Holding SA
  2,625   2,999,854
#
Schaffner Holding AG
  3,363   646,376
#*
Schmolz + Bickenbach AG
  3,310,891   598,190
 
Schweiter Technologies AG
  7,099   8,802,831
 
Schweizerische Nationalbank
  23   122,373
 
SFS Group AG
  126,103   11,911,841
 
Siegfried Holding AG
  30,001   15,675,516
 
SIG Combibloc Group AG
  226,009   3,953,862
 
St Galler Kantonalbank AG
  17,241   7,796,332
 
Sulzer AG
  136,230   11,296,378
 
Sunrise Communications Group AG
  271,523   25,325,417
 
Swiss Prime Site AG
  42,985   3,922,963
The Continental Small Company Series
CONTINUED
      Shares   Value»
SWITZERLAND — (Continued)
 
Swissquote Group Holding SA
  77,115   $7,213,997
 
Thurgauer Kantonalbank
  3,152   359,482
#*
Tornos Holding AG
  26,632   114,974
 
TX Group AG
  17,190   1,260,977
#
u-blox Holding AG
  47,303   3,436,577
 
Valiant Holding AG
  106,532   9,926,443
*
Valora Holding AG
  27,553   4,513,161
 
VAT Group AG
  205,035   39,097,996
 
Vaudoise Assurances Holding SA
  6,710   3,386,543
*
Vetropack Holding AG
  64,600   3,596,396
#*
Von Roll Holding AG
  378,198   343,304
 
Vontobel Holding AG
  226,317   16,550,560
 
VP Bank AG
  24,056   3,092,723
 
VZ Holding AG
  90,005   7,105,805
#*
V-ZUG Holding AG
  10,820   875,491
 
Walliser Kantonalbank
  18,991   2,201,406
 
Warteck Invest AG
  27   63,168
#
Ypsomed Holding AG
  7,378   1,083,096
 
Zehnder Group AG
  82,191   3,610,603
 
Zug Estates Holding AG, Class B
  1,178   2,515,264
 
Zuger Kantonalbank AG
  700   4,745,878
TOTAL SWITZERLAND
      731,432,096
UNITED ARAB EMIRATES — (0.0%)
#*
Borr Drilling Ltd.
  58,749   52,669
UNITED KINGDOM — (0.7%)
*
Concentric AB
  357,171   6,108,582
*
Dialog Semiconductor P.L.C.
  601,965   28,217,068
TOTAL UNITED KINGDOM
      34,325,650
TOTAL COMMON STOCKS
      4,811,595,344
PREFERRED STOCKS — (0.8%)
GERMANY — (0.8%)
 
Biotest AG
  100,615   2,566,639
*
Draegerwerk AG & Co. KGaA
  60,431   5,696,380
 
Fuchs Petrolub SE
  274,048   11,967,096
*
Jungheinrich AG
  366,703   11,200,290
 
Sixt SE
  116,451   5,875,246
 
STO SE & Co. KGaA
  13,696   1,565,855
 
Villeroy & Boch AG
  50,436   662,408
TOTAL GERMANY
      39,533,914
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
*
Intercell AG Rights 05/16/13
  254,689   0
ITALY — (0.0%)
*
Ascopiave SpA Rights 09/30/20
  447,763   0
The Continental Small Company Series
CONTINUED
      Shares   Value»
 
SWITZERLAND — (0.0%)
#*
Meier Tobler Group AG Rights 08/31/20
  22,913   $5,011
TOTAL RIGHTS/WARRANTS
      5,011
TOTAL INVESTMENT SECURITIES

(Cost $4,556,203,994)
      4,851,134,269
    
        Value†
SECURITIES LENDING COLLATERAL — (5.2%)
@§
The DFA Short Term Investment Fund
  22,811,017 263,946,280
TOTAL INVESTMENTS — (100.0%)  
(Cost $4,820,096,749)^^
    $5,115,080,549
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
—   $700,821   —   $700,821
Austria
—   163,445,995   —   163,445,995
Belgium
—   162,844,222   —   162,844,222
Canada
—   119,844   —   119,844
Denmark
—   283,001,096   —   283,001,096
Finland
—   331,376,009   —   331,376,009
France
—   500,259,867   —   500,259,867
Germany
$15,610,603   697,262,657   —   712,873,260
Ireland
31,547   28,547,240   —   28,578,787
Israel
697,559   152,869,626   —   153,567,185
Italy
—   480,777,879   —   480,777,879
Netherlands
—   355,791,529   —   355,791,529
Norway
572,993   112,639,165   —   113,212,158
Portugal
—   40,649,711   —   40,649,711
Spain
—   279,649,702   —   279,649,702
Sweden
6,137,755   432,799,109   —   438,936,864
Switzerland
1,402,185   730,029,911   —   731,432,096
United Arab Emirates
—   52,669   —   52,669
United Kingdom
—   34,325,650   —   34,325,650
Preferred Stocks              
Germany
—   39,533,914   —   39,533,914
Rights/Warrants              
Switzerland
—   5,011   —   5,011
Securities Lending Collateral
—   263,946,280   —   263,946,280
TOTAL
$24,452,642   $5,090,627,907   —   $5,115,080,549
The Canadian Small Company Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
    
      Shares   Value»
COMMON STOCKS — (89.8%)
COMMUNICATION SERVICES — (0.9%)
#*
Aimia, Inc.
  805,975   $1,871,352
#
Cineplex, Inc.
  388,838   2,322,374
 
Cogeco Communications, Inc.
  12,926   985,288
 
Cogeco, Inc.
  26,819   1,632,026
#
Corus Entertainment, Inc., Class B
  1,056,537   1,893,082
*
Glacier Media, Inc.
  25,995   4,173
 
Mediagrif Interactive Technologies, Inc.
  21,970   102,514
*
TeraGo, Inc.
  2,400   10,733
#*
WildBrain, Ltd.
  823,963   725,877
#
Yellow Pages, Ltd.
  105,820   629,650
TOTAL COMMUNICATION SERVICES
      10,177,069
CONSUMER DISCRETIONARY — (4.8%)
*
Aritzia, Inc.
  427,638   5,660,549
#
AutoCanada, Inc.
  141,673   1,486,062
 
BMTC Group, Inc.
  20,581   139,209
 
BRP, Inc.
  119,011   5,331,039
 
BRP, Inc.
  3,000   134,340
#*
Canada Goose Holdings, Inc.
  138,845   3,093,467
 
Dorel Industries, Inc., Class B
  155,081   1,121,904
 
Exco Technologies, Ltd.
  164,124   779,296
 
Gamehost, Inc.
  83,699   367,427
#
Gildan Activewear, Inc.
  91,911   1,632,339
#*
Great Canadian Gaming Corp.
  428,062   8,494,448
*
Intertain Group, Ltd. (The)
  70,628   631,807
 
Leon's Furniture, Ltd.
  171,679   1,716,213
 
Linamar Corp.
  216,634   6,469,342
 
Martinrea International, Inc.
  518,668   3,856,757
#
MTY Food Group, Inc.
  78,514   1,694,031
 
Park Lawn Corp.
  119,471   2,234,312
#
Pizza Pizza Royalty Corp.
  156,674   1,011,781
#*
Points International, Ltd.
  50,316   468,056
*
Points International, Ltd.
  11,831   109,437
 
Pollard Banknote, Ltd.
  25,700   304,497
#
Recipe Unlimited Corp.
  76,777   558,868
 
Reitmans Canada, Ltd., Class A
  125,155   7,008
 
Sleep Country Canada Holdings, Inc.
  158,535   2,273,663
#*
Spin Master Corp.
  102,740   1,916,044
 
Uni-Select, Inc.
  204,572   1,169,899
*
Zenith Capital Corp.
  111,820   6,762
TOTAL CONSUMER DISCRETIONARY
      52,668,557
CONSUMER STAPLES — (5.4%)
#*
Alcanna, Inc.
  158,861   499,313
 
Andrew Peller, Ltd., Class A
  168,200   1,057,333
#
Clearwater Seafoods, Inc.
  104,195   458,957
 
Corby Spirit and Wine, Ltd.
  87,267   1,052,846
#
High Liner Foods, Inc.
  89,880   371,746
#
Jamieson Wellness, Inc.
  275,646   7,935,279
 
KP Tissue, Inc.
  45,700   398,504
 
Lassonde Industries, Inc., Class A
  17,800   2,176,744
#
Maple Leaf Foods, Inc.
  354,493   7,796,755
The Canadian Small Company Series
CONTINUED
      Shares   Value»
CONSUMER STAPLES — (Continued)
*
Mav Beauty Brands, Inc.
  7,000   $12,595
#
North West Co., Inc. (The)
  319,480   7,107,771
#
Premium Brands Holdings Corp.
  182,482   12,890,699
 
Primo Water Corp.
  96,682   1,373,851
 
Primo Water Corp.
  813,424   11,544,433
#
Rogers Sugar, Inc.
  712,254   2,536,453
#*
SunOpta, Inc.
  291,540   1,911,024
#*
Village Farms International, Inc.
  21,817   132,748
*
Village Farms International, Inc.
  20,293   123,584
TOTAL CONSUMER STAPLES
      59,380,635
ENERGY — (10.3%)
#*
Advantage Oil & Gas, Ltd.
  962,703   1,149,968
#*
Africa Oil Corp.
  1,333,299   1,104,903
 
ARC Resources, Ltd.
  2,215,726   9,412,431
#*
Athabasca Oil Corp.
  2,858,410   362,783
#*
Baytex Energy Corp.
  2,263,234   1,047,598
#
Birchcliff Energy, Ltd.
  1,420,426   1,272,546
#*
Bonavista Energy Corp.
  594,400   22,188
#
Cameco Corp.
  18,600   189,131
 
Cameco Corp.
  26,688   271,150
#
Canacol Energy, Ltd.
  960,726   2,517,563
#
Cardinal Energy, Ltd.
  485,498   184,855
#
CES Energy Solutions Corp.
  1,299,872   902,520
 
Computer Modelling Group, Ltd.
  464,145   1,715,270
#
Crescent Point Energy Corp.
  2,348,538   3,629,455
#*
Crew Energy, Inc.
  628,376   133,702
#*
Denison Mines Corp.
  2,888,915   1,337,211
#
Enerflex, Ltd.
  430,978   1,599,134
#*
Energy Fuels, Inc.
  347,960   594,892
#
Enerplus Corp.
  1,046,075   2,585,022
#
Ensign Energy Services, Inc.
  617,495   308,874
*
Essential Energy Services Trust
  43,937   4,428
#*
Fission Uranium Corp.
  1,962,000   571,264
#
Freehold Royalties, Ltd.
  447,473   1,195,978
#
Frontera Energy Corp.
  244,929   504,688
*
GASFRAC Energy Services, Inc.
  91,560   265
*
Gear Energy, Ltd.
  886,356   109,186
 
Gibson Energy, Inc.
  940,791   15,494,307
#*
Gran Tierra Energy, Inc.
  1,919,435   544,541
 
High Arctic Energy Services, Inc.
  34,100   15,020
 
Husky Energy, Inc.
  393,078   1,264,822
#
Inter Pipeline, Ltd.
  188,516   1,766,304
#*
Kelt Exploration, Ltd.
  835,581   1,066,739
 
Keyera Corp.
  132,152   2,008,746
*
Lightstream Resources, Ltd.
  687,816   0
*
Manitok Energy, Inc.
  2,187   0
#*
MEG Energy Corp.
  2,543,536   6,722,250
 
North American Construction Group, Ltd.
  118,644   738,729
 
North American Construction Group, Ltd.
  9,342   58,855
#*
NuVista Energy, Ltd.
  1,167,436   566,526
#*
Obsidian Energy, Ltd.
  30,031   13,004
#*
Painted Pony Energy, Ltd.
  707,149   258,691
#*
Paramount Resources, Ltd., Class A
  332,422   466,575
*
Parex Resources, Inc.
  786,291   9,509,809
#
Parkland Corp.
  75,474   1,987,359
 
Pason Systems, Inc.
  379,526   1,810,572
#
Peyto Exploration & Development Corp.
  1,089,938   1,619,304
*
PHX Energy Services Corp.
  84,728   65,786
The Canadian Small Company Series
CONTINUED
      Shares   Value»
ENERGY — (Continued)
#
Pinnacle Renewable Energy, Inc.
  40,506   $138,503
#
PrairieSky Royalty, Ltd.
  1,029,307   6,462,706
#*
Precision Drilling Corp.
  1,607,629   1,020,183
*
Pulse Seismic, Inc.
  253,732   170,487
#*
Questerre Energy Corp., Class A
  797,460   65,490
#
Secure Energy Services, Inc.
  775,566   955,380
#*
Seven Generations Energy, Ltd., Class A
  1,135,906   3,112,304
#
ShawCor, Ltd.
  320,715   634,510
*
Storm Resources, Ltd.
  5,600   6,313
#
Surge Energy, Inc.
  1,634,247   390,428
#*
Tamarack Valley Energy, Ltd.
  1,433,540   877,601
 
TerraVest Industries, Inc.
  3,700   42,264
#*
Tervita Corp.
  62,996   177,307
#
Tidewater Midstream and Infrastructure, Ltd.
  1,197,800   733,283
#
TORC Oil & Gas, Ltd.
  879,841   1,096,969
 
Total Energy Services, Inc.
  223,963   351,131
*
Touchstone Exploration, Inc.
  51,500   48,830
 
Tourmaline Oil Corp.
  1,058,147   10,759,612
 
TransGlobe Energy Corp.
  479,945   279,486
#*
Trican Well Service, Ltd.
  1,556,047   1,057,153
#
Vermilion Energy, Inc.
  524,924   2,139,748
 
Vermilion Energy, Inc.
  33,463   137,198
#
Whitecap Resources, Inc.
  2,169,584   3,579,664
#*
Yangarra Resources, Ltd.
  346,971   152,834
TOTAL ENERGY
      113,094,328
FINANCIALS — (7.8%)
 
AGF Management, Ltd., Class B
  489,966   1,935,063
#
Alaris Royalty Corp.
  173,725   1,722,400
#
Canaccord Genuity Group, Inc.
  444,384   2,581,140
 
Canadian Western Bank
  456,902   7,777,346
#
Chesswood Group, Ltd.
  56,542   203,044
 
CI Financial Corp.
  579,197   7,960,743
 
Clairvest Group, Inc.
  1,900   70,066
*
Echelon Financial Holdings, Inc.
  15,650   67,883
 
ECN Capital Corp.
  2,488,693   8,769,742
 
E-L Financial Corp., Ltd.
  7,178   3,729,779
 
Element Fleet Management Corp.
  1,128,513   9,469,921
#
Equitable Group, Inc.
  53,142   3,075,964
#
Fiera Capital Corp.
  302,075   2,334,149
 
Firm Capital Mortgage Investment Corp.
  185,919   1,610,109
 
First National Financial Corp.
  53,893   1,388,516
#
Genworth MI Canada, Inc.
  234,684   5,815,194
#
GMP Capital, Inc.
  381,987   345,070
#
goeasy, Ltd.
  39,839   1,671,248
 
GoldMoney, Inc.
  125,000   200,642
 
Guardian Capital Group, Ltd., Class A
  88,614   1,370,773
#*
Home Capital Group, Inc.
  292,917   4,926,963
#
iA Financial Corp., Inc.
  8,600   301,958
*
Kingsway Financial Services, Inc.
  13,070   35,420
#
Laurentian Bank of Canada
  412,090   8,168,270
#
Sprott, Inc.
  140,658   5,342,985
 
Timbercreek Financial Corp.
  506,740   3,189,233
*
Trisura Group, Ltd.
  31,411   1,869,722
TOTAL FINANCIALS
      85,933,343
HEALTH CARE — (1.1%)
*
CRH Medical Corp.
  380,960   893,064
The Canadian Small Company Series
CONTINUED
      Shares   Value»
HEALTH CARE — (Continued)
#*
Cronos Group, Inc.
  206,397   $1,351,900
#
Extendicare, Inc.
  498,639   2,092,166
 
HLS Therapeutics, Inc.
  3,900   51,653
*
Knight Therapeutics, Inc.
  808,695   4,177,961
#
Medical Facilities Corp.
  269,569   772,813
#
Sienna Senior Living, Inc.
  271,631   2,084,711
TOTAL HEALTH CARE
      11,424,268
INDUSTRIALS — (10.8%)
 
Aecon Group, Inc.
  259,061   2,719,323
#
AG Growth International, Inc.
  136,123   3,050,814
 
Algoma Central Corp.
  48,800   378,902
#*
ATS Automation Tooling Systems, Inc.
  437,554   5,664,404
#
Badger Daylighting, Ltd.
  140,856   3,046,473
#
Bird Construction, Inc.
  255,438   1,308,227
#*
Black Diamond Group, Ltd.
  321,392   415,102
 
CAE, Inc.
  97,762   1,459,587
 
Calian Group, Ltd.
  39,603   1,751,822
 
CanWel Building Materials Group, Ltd.
  337,453   1,471,295
 
Cargojet, Inc.
  9,284   1,150,094
 
Cervus Equipment Corp.
  47,197   250,176
#*
DIRTT Environmental Solutions
  273,168   454,787
#
Exchange Income Corp.
  56,748   1,127,376
#
Finning International, Inc.
  885,513   12,627,047
*
GDI Integrated Facility Services, Inc.
  11,700   265,367
 
Hardwoods Distribution, Inc.
  14,902   191,914
*
Heroux-Devtek, Inc.
  239,845   1,701,092
#
Horizon North Logistics, Inc.
  181,789   477,731
*
IBI Group, Inc.
  113,900   481,298
 
K-Bro Linen, Inc.
  57,753   1,211,586
 
Magellan Aerospace Corp.
  112,778   561,596
 
Morneau Shepell, Inc.
  401,948   9,326,622
#
Mullen Group, Ltd.
  376,027   2,695,031
#
NFI Group, Inc.
  317,312   3,551,089
*
Patriot One Technologies, Inc.
  104,500   72,556
 
Richelieu Hardware, Ltd.
  361,973   8,971,969
 
Rocky Mountain Dealerships, Inc.
  99,974   339,603
#
Russel Metals, Inc.
  339,623   4,548,760
#
Savaria Corp.
  184,973   1,868,442
#
SNC-Lavalin Group, Inc.
  126,251   2,002,937
#
Stantec, Inc.
  489,094   15,741,418
 
TFI International, Inc.
  481,820   20,906,625
#
Toromont Industries, Ltd.
  1,514   82,536
#
Transcontinental, Inc., Class A
  343,604   3,960,764
#
Wajax Corp.
  90,980   647,989
#
Westshore Terminals Investment Corp.
  203,386   2,610,180
TOTAL INDUSTRIALS
      119,092,534
INFORMATION TECHNOLOGY — (5.9%)
 
Absolute Software Corp.
  303,292   3,586,655
#*
BlackBerry, Ltd.
  869,494   4,122,055
#*
BlackBerry, Ltd.
  1,540,551   7,302,212
*
Celestica, Inc.
  36,408   301,094
*
Celestica, Inc.
  575,408   4,751,213
*
Descartes Systems Group, Inc. (The)
  19,744   1,111,572
 
Enghouse Systems, Ltd.
  263,395   14,927,257
 
Evertz Technologies, Ltd.
  154,739   1,440,588
*
EXFO, Inc.
  60,487   251,530
The Canadian Small Company Series
CONTINUED
      Shares   Value»
INFORMATION TECHNOLOGY — (Continued)
*
Kinaxis, Inc.
  141,544   $21,493,934
*
Photon Control, Inc.
  447,494   775,084
 
Pivot Technology Solutions, Inc.
  27,500   36,545
 
Quarterhill, Inc.
  883,458   1,305,944
#*
Sierra Wireless, Inc.
  241,452   3,212,270
 
Vecima Networks, Inc.
  6,059   50,844
TOTAL INFORMATION TECHNOLOGY
      64,668,797
MATERIALS — (32.4%)
#*
5N Plus, Inc.
  501,465   651,423
#
Acadian Timber Corp.
  68,540   827,935
 
AirBoss of America Corp.
  76,006   1,396,474
*
Alacer Gold Corp.
  2,084,220   16,104,877
 
Alamos Gold, Inc., Class A
  2,141,531   22,655,185
#
Altius Minerals Corp.
  190,340   1,456,557
#*
Americas Gold & Silver Corp.
  86,596   290,282
*
Amerigo Resources, Ltd.
  18,200   7,066
#*
Argonaut Gold, Inc.
  1,690,143   3,533,093
 
Caledonia Mining Corp. P.L.C.
  540   12,382
*
Canfor Corp.
  372,233   4,440,840
#
Canfor Pulp Products, Inc.
  150,663   620,896
*
Capstone Mining Corp.
  2,545,455   2,014,396
 
Cascades, Inc.
  472,362   5,385,022
 
Centerra Gold, Inc.
  1,300,006   16,305,278
#*
China Gold International Resources Corp., Ltd.
  1,591,692   1,556,696
#*
Copper Mountain Mining Corp.
  887,155   463,630
 
Dundee Precious Metals, Inc.
  1,011,751   7,629,016
*
Eldorado Gold Corp.
  738,003   9,272,901
*
Eldorado Gold Corp.
  74,100   932,919
#*
Endeavour Mining Corp.
  675,295   18,195,071
#*
Endeavour Silver Corp.
  555,055   2,415,895
*
Equinox Gold Corp.
  39,464   470,519
#*
Equinox Gold Corp.
  11,912   142,587
*
ERO Copper Corp.
  98,067   1,180,216
#*
First Majestic Silver Corp.
  713,181   9,520,087
*
First Majestic Silver Corp.
  42,564   567,378
#*
First Mining Gold Corp.
  749,400   276,944
#*
Fortuna Silver Mines, Inc.
  648,478   4,342,714
*
Fortuna Silver Mines, Inc.
  437,641   2,940,948
#*
Galiano Gold, Inc.
  793,577   1,481,162
*
GoGold Resources, Inc.
  40,000   46,885
*
Gold Standard Ventures Corp.
  10,700   8,627
#*
Golden Star Resources, Ltd.
  412,509   1,841,654
#*
Guyana Goldfields, Inc.
  979,918   1,316,848
*
Hanfeng Evergreen, Inc.
  45,837   0
#
Hudbay Minerals, Inc.
  1,231,849   3,871,801
*
IAMGOLD Corp.
  2,197,656   10,976,385
*
IAMGOLD Corp.
  599,837   2,987,188
#*
Imperial Metals Corp.
  346,592   778,858
*
Interfor Corp.
  357,791   4,153,683
*
International Tower Hill Mines, Ltd.
  13,001   22,227
#
Intertape Polymer Group, Inc.
  267,454   3,194,792
*
IPL Plastics, Inc.
  20,248   150,562
#*
Ivanhoe Mines, Ltd., Class A
  3,084,210   10,868,245
#
Labrador Iron Ore Royalty Corp.
  291,059   5,575,851
*
Largo Resources, Ltd.
  573,711   436,885
#
Lucara Diamond Corp.
  1,902,773   823,927
#*
Lundin Gold, Inc.
  147,709   1,315,591
 
Lundin Mining Corp.
  3,900   21,837
The Canadian Small Company Series
CONTINUED
      Shares   Value»
MATERIALS — (Continued)
*
Major Drilling Group International, Inc.
  483,099   $2,196,478
*
Mandalay Resources Corp.
  464   682
*
Marathon Gold Corp.
  147,500   253,276
#
Methanex Corp.
  140,382   2,601,278
#
Methanex Corp.
  44,780   828,430
*
Minco Base Metals Corp.
  2,780   0
*
New Gold, Inc.
  3,795,542   6,234,046
#
Norbord, Inc.
  184,183   5,989,783
#*
Northern Dynasty Minerals, Ltd.
  76,877   123,398
*
OceanaGold Corp.
  3,656,577   9,581,982
*
Orbite Technologies, Inc.
  73,500   0
#*
Orla Mining, Ltd.
  9,900   42,129
#
Osisko Gold Royalties, Ltd.
  719,651   8,435,200
#*
Osisko Mining, Inc.
  357,959   1,138,456
 
Pan American Silver Corp.
  363,621   13,587,089
*
PolyMet Mining Corp.
  642,081   301,998
#*
Premier Gold Mines, Ltd.
  998,349   2,034,785
#*
Pretium Resources, Inc.
  293,903   2,783,261
#*
Pretium Resources, Inc.
  455,178   4,315,772
#*
Roxgold, Inc.
  1,208,860   1,498,158
#*
Sabina Gold & Silver Corp.
  1,462,869   2,369,947
#*
Sandstorm Gold, Ltd.
  1,058,655   10,195,714
#*
Seabridge Gold, Inc.
  64,995   1,265,012
#*
SSR Mining, Inc.
  711,103   17,041,626
#
Stelco Holdings, Inc.
  37,984   218,923
#
Stella-Jones, Inc.
  242,402   7,361,912
*
Stornoway Diamond Corp.
  208,109   475
#*
Taseko Mines, Ltd.
  1,358,326   872,119
*
Teranga Gold Corp.
  634,563   7,404,694
#*
TMAC Resources, Inc.
  15,407   17,254
*
Torex Gold Resources, Inc.
  411,414   7,214,987
#*
Trevali Mining Corp.
  2,703,289   201,821
#*
Turquoise Hill Resources, Ltd.
  2,248,334   1,879,976
*
Wesdome Gold Mines Ltd.
  825,773   8,452,236
#
West Fraser Timber Co., Ltd.
  287,009   14,210,636
#
Western Forest Products, Inc.
  2,215,370   1,736,637
#
Winpak, Ltd.
  173,508   6,081,750
 
Yamana Gold, Inc.
  3,304,447   21,463,055
TOTAL MATERIALS
      355,417,210
REAL ESTATE — (3.6%)
 
Altus Group, Ltd.
  261,893   8,341,002
 
Bridgemarq Real Estate Services
  53,069   498,023
 
Colliers International Group, Inc.
  165,544   8,954,170
 
Colliers International Group, Inc.
  4,163   224,844
 
DREAM Unlimited Corp., Class A
  246,187   3,291,806
 
Information Services Corp.
  17,674   233,155
#
Invesque, Inc.
  191,266   405,484
*
Mainstreet Equity Corp.
  31,349   1,597,349
 
Melcor Developments, Ltd.
  55,340   306,561
 
Morguard Corp.
  21,882   2,010,867
*
Real Matters, Inc.
  334,320   7,437,930
 
Tricon Residential, Inc.
  927,994   6,651,045
TOTAL REAL ESTATE
      39,952,236
UTILITIES — (6.8%)
#
AltaGas, Ltd.
  159,000   1,991,877
 
Atco, Ltd., Class I
  37,239   1,158,775
The Canadian Small Company Series
CONTINUED
      Shares   Value»
UTILITIES — (Continued)
 
Boralex, Inc., Class A
  549,954   $14,345,734
 
Capital Power Corp.
  771,649   16,320,741
#
Innergex Renewable Energy, Inc.
  800,557   13,740,568
*
Maxim Power Corp.
  89,434   136,877
 
Polaris Infrastructure, Inc.
  115,463   1,233,548
#
Superior Plus Corp.
  777,910   6,777,565
 
TransAlta Corp.
  1,784,708   11,671,986
 
TransAlta Corp.
  16,789   109,464
#
TransAlta Renewables, Inc.
  614,934   7,161,873
TOTAL UTILITIES
      74,649,008
TOTAL COMMON STOCKS
      986,457,985
RIGHTS/WARRANTS — (0.1%)
ENERGY — (0.0%)
#*
Just Energy Group, Inc. Rights 08/28/20
  5,080   1,479
MATERIALS — (0.1%)
*
Pan American Silver Corp. Rights 02/22/29
  1,876,416   1,566,808
TOTAL RIGHTS/WARRANTS
      1,568,287
TOTAL INVESTMENT SECURITIES

(Cost $1,008,091,432)
      988,026,272
    
        Value†
SECURITIES LENDING COLLATERAL — (10.1%)
@§
The DFA Short Term Investment Fund
  9,605,952 111,150,465
TOTAL INVESTMENTS — (100.0%)  
(Cost $1,119,219,071)^^
    $1,099,176,737
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
$10,177,069   —   —   $10,177,069
Consumer Discretionary
50,853,081   $1,815,476   —   52,668,557
Consumer Staples
59,380,635   —   —   59,380,635
Energy
113,094,063   265   —   113,094,328
Financials
85,933,343   —   —   85,933,343
Health Care
11,424,268   —   —   11,424,268
Industrials
119,092,534   —   —   119,092,534
Information Technology
64,668,797   —   —   64,668,797
Materials
355,404,353   12,857   —   355,417,210
Real Estate
39,952,236   —   —   39,952,236
Utilities
74,649,008   —   —   74,649,008
Rights/Warrants              
Energy
—   1,479   —   1,479
Materials
—   1,566,808   —   1,566,808
Securities Lending Collateral
—   111,150,465   —   111,150,465
TOTAL
$984,629,387   $114,547,350   —   $1,099,176,737
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
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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
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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
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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
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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
      Shares   Value»
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
      Shares   Value»
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
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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
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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
      Shares   Value»
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
      Shares   Value»
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
      Shares   Value»
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
      Shares   Value»
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
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
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
The Emerging Markets Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
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 Emerging Markets Small Cap Series
SCHEDULE OF INVESTMENTS
July 31, 2020
(Unaudited)
      Shares   Value»
COMMON STOCKS — (96.5%)
BELGIUM — (0.0%)
 
Titan Cement International SA
  26,491   $351,383
BRAZIL — (5.5%)
 
AES Tiete Energia SA
  2,152,651   6,255,889
 
AES Tiete Energia SA
  13,378   8,232
 
Aliansce Sonae Shopping Centers SA
  875,692   4,656,657
 
Alliar Medicos A Frente SA
  325,200   708,183
 
Alupar Investimento SA
  1,086,045   5,027,842
*
Anima Holding SA
  351,800   1,938,203
 
Arezzo Industria e Comercio SA
  306,348   3,098,393
#*
Azul SA, ADR
  521,412   6,017,094
 
BK Brasil Operacao e Assessoria a Restaurantes SA
  393,328   794,716
 
BR Malls Participacoes SA
  5,228,841   9,923,326
 
BR Properties SA
  1,397,353   2,483,147
 
BrasilAgro - Co. Brasileira de Propriedades Agricolas
  279,142   1,125,333
 
Camil Alimentos SA
  817,935   1,930,161
 
Cia de Locacao das Americas
  1,995,262   7,316,974
 
Cia de Saneamento de Minas Gerais-COPASA
  441,882   4,620,806
 
Cia de Saneamento do Parana
  2,008,796   11,802,743
 
Cia de Saneamento do Parana
  41,700   49,961
 
Cia Hering
  1,002,914   2,845,392
 
Cia Paranaense de Energia
  16,800   213,746
 
Cia Siderurgica Nacional SA
  2,655,451   6,235,783
 
Cielo SA
  998,800   1,028,181
 
Cogna Educacao
  3,824,828   6,070,981
 
Construtora Tenda SA
  535,471   3,429,486
*
Cosan Logistica SA
  977,662   3,793,288
 
CSU Cardsystem SA
  270,835   714,397
 
CVC Brasil Operadora e Agencia de Viagens SA
  942,387   3,757,589
 
Cyrela Brazil Realty SA Empreendimentos e Participacoes
  56,166   295,228
 
Cyrela Commercial Properties SA Empreendimentos e Participacoes
  54,690   151,493
 
Dimed SA Distribuidora da Medicamentos
  43,158   222,634
 
Direcional Engenharia SA
  830,012   2,572,830
 
Duratex SA
  2,323,438   7,170,899
*
EcoRodovias Infraestrutura e Logistica SA
  1,370,707   3,815,293
 
EDP - Energias do Brasil SA
  1,996,378   7,102,927
*
Embraer SA
  1,745,509   2,546,381
*
Embraer SA, Sponsored ADR
  613,394   3,545,417
 
Enauta Participacoes SA
  607,024   1,275,361
*
Eneva SA
  730,700   7,055,498
 
Even Construtora e Incorporadora SA
  1,019,694   2,889,089
 
Ez Tec Empreendimentos e Participacoes SA
  683,023   5,390,549
 
Fleury SA
  1,247,031   6,122,143
 
Fras-Le SA
  242,460   258,423
*
Gafisa SA
  465,061   517,076
 
Gafisa SA, ADR
  70,312   150,468
*
Gafisa SA
  297,168   325,848
#
Gol Linhas Aereas Inteligentes SA, ADR
  322,980   2,205,953
 
Grendene SA
  1,765,823   2,579,400
 
Guararapes Confeccoes SA
  690,124   2,361,467
*
Helbor Empreendimentos SA
  3,161,465   1,806,015
 
Industrias Romi SA
  185,500   465,835
 
Instituto Hermes Pardini SA
  368,558   1,978,247
*
International Meal Co. Alimentacao SA, Class A
  2,033,242   1,574,661
 
Iochpe-Maxion SA
  818,200   2,015,483
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
BRAZIL — (Continued)
 
JHSF Participacoes SA
  1,557,564   $2,752,919
 
JSL SA
  453,328   2,503,643
 
Kepler Weber SA
  165,946   1,390,160
*
Light SA
  1,972,115   7,145,139
 
LOG Commercial Properties e Participacoes SA
  188,072   1,326,746
*
Log-in Logistica Intermodal SA
  296,109   900,267
 
M Dias Branco SA
  324,311   2,429,589
 
Mahle-Metal Leve SA
  286,924   1,003,798
 
Marcopolo SA
  638,300   337,715
*
Marfrig Global Foods SA
  2,589,520   7,153,192
*
Marisa Lojas SA
  784,679   1,227,436
*
Mills Estruturas e Servicos de Engenharia SA
  1,258,520   1,848,015
*
Minerva SA
  1,384,548   3,604,329
 
Movida Participacoes SA
  674,047   2,151,399
 
MRV Engenharia e Participacoes SA
  2,112,724   7,751,778
 
Natura & Co. Holding SA
  160,031   1,443,072
 
Odontoprev SA
  1,846,517   4,891,905
*
Omega Geracao SA
  217,310   1,649,649
*
Paranapanema SA
  165,102   408,282
*
Petro Rio SA
  665,991   5,054,410
 
Porto Seguro SA
  59,782   619,187
 
Portobello SA
  488,541   401,768
 
Positivo Tecnologia SA
  122,980   123,533
*
Profarma Distribuidora de Produtos Farmaceuticos SA
  226,502   284,400
 
Qualicorp Consultoria e Corretora de Seguros SA
  1,433,563   7,694,696
*
Restoque Comercio e Confeccoes de Roupas SA
  183,440   195,869
 
Sao Carlos Empreendimentos e Participacoes SA
  86,509   650,076
 
Sao Martinho SA
  1,274,629   5,231,390
 
Ser Educacional SA
  439,780   1,317,683
 
SLC Agricola SA
  845,142   3,758,671
 
Smiles Fidelidade SA
  429,000   1,255,778
 
Sul America SA
  23,556   228,947
*
Tecnisa SA
  416,368   912,305
 
Tegma Gestao Logistica SA
  243,802   1,219,349
*
Terra Santa Agro SA
  3,000   9,662
 
TOTVS SA
  359,242   1,778,805
 
Transmissora Alianca de Energia Eletrica SA
  2,257,120   12,530,541
 
Trisul SA
  309,282   811,661
*
Tupy SA
  531,814   1,855,444
 
Unipar Carbocloro SA
  5,573   32,595
 
Usinas Siderurgicas de Minas Gerais SA Usiminas
  96,000   157,345
 
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA
  563,450   1,189,212
*
Via Varejo SA
  4,276,519   16,002,463
*
Vulcabras Azaleia SA
  739,509   732,910
 
Wiz Solucoes e Corretagem de Seguros SA
  486,044   963,414
 
YDUQS Participacoes SA
  1,829,102   11,883,001
TOTAL BRAZIL
      291,055,269
CANADA — (0.1%)
 
Atlas Corp.
  558,523   3,971,099
CHILE — (1.1%)
 
AES Gener SA
  11,288,762   1,935,489
*
Banvida SA
  48,106   14,011
 
Besalco SA
  2,737,176   1,536,602
*
CAP SA
  400,244   3,013,540
 
Cementos BIO BIO SA
  352,724   319,383
 
Cia Pesquera Camanchaca SA
  1,471,136   109,695
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHILE — (Continued)
*
Cia Sud Americana de Vapores SA
  100,775,719   $2,615,701
 
Cristalerias de Chile SA
  130,323   774,646
 
Embotelladora Andina SA, ADR, Class B
  10,514   153,504
 
Empresa Nacional de Telecomunicaciones SA
  663,274   4,729,461
 
Empresas Hites SA
  1,238,776   212,719
 
Empresas Lipigas SA
  6,383   41,561
 
Empresas Tricot SA
  70,631   45,744
 
Engie Energia Chile SA
  4,318,522   6,189,201
*
Enjoy SA
  2,562,139   16,211
 
Forus SA
  644,481   862,787
 
Grupo Security SA
  7,084,088   1,422,320
 
Guangdong Highsun Group Co., Ltd., Class A
  256,300   140,932
 
Hortifrut SA
  118,502   138,638
 
Instituto de Diagnostico SA
  2,928   6,627
 
Inversiones Aguas Metropolitanas SA
  3,014,838   2,628,316
 
Inversiones La Construccion SA
  259,179   1,831,569
*
Masisa SA
  16,999,050   296,393
 
Multiexport Foods SA
  4,581,893   1,471,113
 
Parque Arauco SA
  4,287,559   7,334,146
 
PAZ Corp. SA
  1,264,225   1,035,347
 
Ripley Corp. SA
  6,829,011   2,336,293
 
Salfacorp SA
  2,456,457   1,434,172
 
Sigdo Koppers SA
  1,180,120   1,379,555
 
SMU SA
  5,737,460   1,023,188
 
Sociedad Matriz SAAM SA
  37,260,334   2,706,943
 
Socovesa SA
  3,033,294   849,255
 
SONDA SA
  3,048,242   2,456,117
 
Vina Concha y Toro SA
  3,553,398   5,914,038
TOTAL CHILE
      56,975,217
CHINA — (22.3%)
*
21Vianet Group, Inc., ADR
  8,227   178,855
 
361 Degrees International, Ltd.
  6,324,000   890,106
#*
3SBio, Inc.
  8,281,000   10,077,442
#*
500.com, Ltd., ADR, Class A
  5,931   22,478
*
51job, Inc., ADR
  134,562   9,134,069
 
5I5J Holding Group Co., Ltd., Class A
  1,162,200   680,304
 
AAG Energy Holdings, Ltd.
  982,601   135,784
*
Advanced Technology & Materials Co., Ltd., Class A
  146,900   155,660
 
Aerospace Hi-Tech Holdings Grp, Ltd., Class A
  279,103   440,252
 
Agile Group Holdings, Ltd.
  606,000   768,969
 
Ajisen China Holdings, Ltd.
  4,142,000   662,614
 
AKM Industrial Co., Ltd.
  2,880,000   387,978
*
Alibaba Pictures Group, Ltd.
  5,520,000   770,464
 
AMVIG Holdings, Ltd.
  2,508,000   433,890
 
An Hui Wenergy Co., Ltd., Class A
  1,410,402   839,004
#
Angang Steel Co., Ltd., Class H
  11,056,999   3,101,731
 
Anhui Construction Engineering Group Co., Ltd., Class A
  684,590   455,101
 
Anhui Expressway Co., Ltd., Class H
  3,130,000   1,502,785
*
Anhui Guangxin Agrochemical Co., Ltd., Class A
  71,400   183,289
 
Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd., Class A
  520,729   387,954
*
Anhui Jianghuai Automobile Group Corp., Ltd., Class A
  322,119   428,046
 
Anhui Jiangnan Chemical Industry Co., Ltd., Class A
  504,600   535,724
 
Anhui Jinhe Industrial Co., Ltd., Class A
  4,856   20,848
 
Anhui Sun-Create Electronics Co., Ltd., Class A
  50,300   326,120
 
Anhui Transport Consulting & Design Institute Co., Ltd., Class A
  31,100   47,415
 
Anhui Xinhua Media Co., Ltd., Class A
  138,900   116,283
 
Anhui Zhongding Sealing Parts Co., Ltd., Class A
  246,849   331,730
 
Animal Health Holdings, Inc.
  3,671,000   88,811
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
#*
Anton Oilfield Services Group
  12,714,000   $740,773
 
Aoshikang Technology Co., Ltd., Class A
  38,900   321,311
*
Aowei Holdings, Ltd.
  1,451,000   246,040
 
APT Satellite Holdings, Ltd.
  226,000   70,039
*
Art Group Holdings, Ltd.
  320,000   8,406
 
Asia Cement China Holdings Corp.
  3,436,500   3,893,292
*
Asian Citrus Holdings, Ltd.
  2,314,000   33,589
 
Ausnutria Dairy Corp., Ltd.
  3,780,000   6,334,133
 
Avic Heavy Machinery Co., Ltd., Class A
  181,900   348,558
#*
AVIC International Holding HK, Ltd.
  33,595,722   563,740
 
AviChina Industry & Technology Co., Ltd., Class H
  16,633,000   9,903,046
 
BAIC Motor Corp., Ltd., Class H
  8,829,500   4,305,824
 
BAIOO Family Interactive, Ltd.
  1,824,000   277,869
 
Bank of Chongqing Co., Ltd., Class H
  2,533,500   1,324,089
 
Bank of Tianjin Co., Ltd., Class H
  100,000   40,255
#
Bank of Zhengzhou Co., Ltd., Class H
  671,000   161,124
 
Baosheng Science and Technology Innovation Co., Ltd., Class A
  191,902   124,114
*
Baoye Group Co., Ltd., Class H
  1,570,000   1,329,782
#*
Baozun, Inc., Sponsored ADR
  283,293   11,915,304
 
BBMG Corp., Class H
  5,383,000   1,181,799
 
Befar Group Co., Ltd., Class A
  623,900   448,854
 
Beijing Capital International Airport Co., Ltd., Class H
  11,576,000   7,625,862
 
Beijing Capital Land, Ltd., Class H
  11,897,750   2,305,013
 
Beijing Chunlizhengda Medical Instruments Co., Ltd., Class H
  85,250   504,384
*
Beijing Enterprises Clean Energy Group, Ltd.
  59,768,570   370,258
 
Beijing Enterprises Holdings, Ltd.
  648,000   2,267,698
#*
Beijing Enterprises Medical & Health Group, Ltd.
  22,158,000   317,236
 
Beijing Enterprises Water Group, Ltd.
  10,650,000   4,526,130
 
Beijing Forever Technology Co., Ltd., Class A
  195,938   288,921
*
Beijing Gas Blue Sky Holdings, Ltd.
  16,288,000   304,805
 
Beijing GeoEnviron Engineering & Technology, Inc., Class A
  245,300   560,251
 
Beijing Global Safety Technology Co., Ltd., Class A
  77,036   485,746
 
Beijing Hualian Department Store Co., Ltd., Class A
  927,300   268,523
*
Beijing Jetsen Technology Co., Ltd., Class A
  73,300   54,247
 
Beijing Jingneng Clean Energy Co., Ltd., Class H
  9,038,000   2,496,456
*
Beijing Jingxi Culture & Tourism Co., Ltd., Class A
  189,200   198,672
 
Beijing Konruns Pharmaceutical Co., Ltd., Class A
  52,954   406,335
#
Beijing North Star Co., Ltd., Class H
  5,674,000   1,223,487
 
Beijing Orient Landscape & Environment Co., Ltd., Class A
  707,100   514,007
 
Beijing Shuzhi Technology Co., Ltd., Class A
  154,697   188,040
 
Beijing SL Pharmaceutical Co., Ltd., Class A
  237,600   476,019
 
Beijing SPC Environment Protection Tech Co., Ltd., Class A
  104,200   88,227
 
Beijing SuperMap Software Co., Ltd., Class A
  107,317   382,154
*
Beijing UniStrong Science & Technology Co., Ltd., Class A
  41,600   61,722
*
Beijing Urban Construction Design & Development Group Co., Ltd., Class H
  1,669,000   504,617
 
Best Pacific International Holdings, Ltd.
  1,788,000   241,320
 
Bestsun Energy Co., Ltd., Class A
  381,900   296,242
 
Better Life Commercial Chain Share Co., Ltd., Class A
  145,149   290,285
 
Biem.L.Fdlkk Garment Co., Ltd., Class A
  214,880   483,199
 
BII Railway Transportation Technology Holdings Co., Ltd.
  2,636,000   129,467
*
Billion Industrial Holdings, Ltd.
  44,000   30,956
#*
Bitauto Holdings, Ltd., ADR
  222,123   3,527,313
*
Bluedon Information Security Technology Co., Ltd., Class A
  940,700   543,948
#
Bosideng International Holdings, Ltd.
  13,826,000   3,998,681
*
Boyaa Interactive International, Ltd.
  2,292,000   222,143
 
Brilliance China Automotive Holdings, Ltd.
  8,404,000   8,581,762
#
BYD Electronic International Co., Ltd.
  4,381,500   15,381,789
 
C C Land Holdings, Ltd.
  14,771,015   3,316,527
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
#
CA Cultural Technology Group, Ltd.
  3,348,000   $933,427
 
Cabbeen Fashion, Ltd.
  1,511,000   380,218
 
Camel Group Co., Ltd., Class A
  154,235   165,559
 
Canny Elevator Co., Ltd., Class A
  162,500   254,733
 
Canvest Environmental Protection Group Co., Ltd.
  4,545,000   2,058,275
*
Capital Environment Holdings, Ltd.
  23,030,000   389,846
#*
CAR, Inc.
  5,720,000   1,734,268
 
Carrianna Group Holdings Co., Ltd.
  891,257   61,007
*
CECEP COSTIN New Materials Group, Ltd.
  4,494,000   65,233
 
CECEP Solar Energy Co., Ltd., Class A
  681,500   475,893
 
CECEP Wind-Power Corp., Class A
  2,167,600   959,180
 
Central China Real Estate, Ltd.
  6,418,626   3,165,138
 
Central China Securities Co., Ltd., Class H
  5,959,000   1,223,780
*
Century Sunshine Group Holdings, Ltd.
  12,390,000   92,717
*
CGN New Energy Holdings Co., Ltd.
  10,558,000   1,908,014
 
CGN Nuclear Technology Development Co., Ltd., Class A
  141,400   187,100
 
Changchun Faway Automobile Components Co., Ltd., Class A
  232,830   305,286
*
Changshouhua Food Co., Ltd.
  1,659,000   583,047
 
Changzhou Qianhong Biopharma Co., Ltd., Class A
  299,700   207,914
 
Changzhou Tronly New Electronic Materials Co., Ltd., Class A
  165,756   418,218
 
Chaowei Power Holdings, Ltd.
  4,022,000   2,131,702
 
Cheetah Mobile, Inc., ADR
  282,767   701,262
 
Chengdu Fusen Noble-House Industrial Co., Ltd., Class A
  69,800   142,998
 
Chengdu Jiafaantai Education Technology Co., Ltd., Class A
  131,034   400,390
 
Chengdu Xingrong Environment Co., Ltd., Class A
  239,100   174,740
 
China Aerospace International Holdings, Ltd.
  13,768,500   870,708
 
China Aircraft Leasing Group Holdings, Ltd.
  1,943,500   1,495,667
 
China Aoyuan Group, Ltd.
  8,783,000   11,076,157
 
China Bester Group Telecom Co., Ltd., Class A
  102,700   256,245
 
China BlueChemical, Ltd., Class H
  14,054,000   2,069,601
 
China Building Material Test & Certification Group Co., Ltd., Class A
  83,747   293,659
*
China CAMC Engineering Co., Ltd., Class A
  332,197   380,505
*
China Chengtong Development Group, Ltd.
  2,628,000   67,918
 
China Common Rich Renewable Energy Investments, Ltd.
  17,084,000   2,066,533
 
China Communications Services Corp., Ltd., Class H
  16,046,000   10,402,244
 
China CYTS Tours Holding Co., Ltd., Class A
  255,300   392,239
 
China Datang Corp. Renewable Power Co., Ltd., Class H
  15,103,000   2,126,974
*
China Daye Non-Ferrous Metals Mining, Ltd.
  7,434,000   48,008
 
China Development Bank Financial Leasing Co., Ltd., Class H
  110,000   14,633
#*
China Dili Group
  12,965,699   3,344,857
 
China Distance Education Holdings, Ltd., ADR
  86,803   756,922
 
China Dongxiang Group Co., Ltd.
  25,778,985   3,259,828
#
China Electronics Huada Technology Co., Ltd.
  5,724,000   674,367
#
China Electronics Optics Valley Union Holding Co., Ltd.
  14,920,000   944,055
 
China Energy Engineering Corp., Ltd., Class H
  906,000   95,917
#
China Everbright Greentech Ltd.
  3,230,000   1,417,013
 
China Everbright International, Ltd.
  14,366,000   8,881,096
 
China Everbright, Ltd.
  7,078,000   11,342,367
 
China Express Airlines Co., Ltd., Class A
  241,588   374,271
*
China Financial Services Holdings, Ltd.
  5,436,000   109,377
 
China Foods, Ltd.
  6,540,000   2,338,832
 
China Glass Holdings, Ltd.
  3,642,000   190,709
 
China Grand Pharmaceutical and Healthcare Holdings, Ltd., Class A
  5,312,000   5,036,483
*
China Greenland Broad Greenstate Group Co., Ltd.
  4,572,000   253,705
 
China Hanking Holdings, Ltd.
  3,528,000   751,159
#
China Harmony Auto Holding, Ltd.
  6,061,500   2,731,686
*
China Harzone Industry Corp., Ltd., Class A
  293,816   404,820
*
China High Precision Automation Group, Ltd.
  1,289,000   38,045
 
China High Speed Railway Technology Co., Ltd., Class A
  741,500   323,030
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
China High Speed Transmission Equipment Group Co., Ltd.
  2,578,000   $1,572,389
 
China Hongqiao Group, Ltd.
  2,794,000   1,604,672
 
China Huarong Asset Management Co., Ltd., Class H
  17,701,000   2,011,918
*
China Huiyuan Juice Group, Ltd.
  4,034,500   182,508
#*
China Index Holdings, Ltd., ADR
  117,657   232,962
 
China International Marine Containers Group Co., Ltd., Class H
  3,316,820   3,167,580
 
China Kepei Education Group, Ltd.
  542,000   416,119
 
China Kings Resources Group Co., Ltd., Class A
  77,200   272,172
 
China Lesso Group Holdings, Ltd.
  7,690,000   14,877,864
 
China Lilang, Ltd.
  3,215,000   1,726,563
#*
China Logistics Property Holdings Co., Ltd.
  3,646,000   1,720,844
#*
China Longevity Group Co., Ltd.
  1,076,350   35,692
 
China Longyuan Power Group Corp., Ltd., Class H
  11,393,000   8,161,682
#*
China Lumena New Materials Corp.
  363,249   0
 
China Machinery Engineering Corp., Class H
  6,682,000   1,622,363
#
China Maple Leaf Educational Systems, Ltd.
  11,012,000   3,815,222
*
China Medical & HealthCare Group, Ltd.
  930,000   19,311
 
China Medical System Holdings, Ltd.
  9,137,500   11,095,161
 
China Meidong Auto Holdings, Ltd.
  2,816,000   7,870,457
 
China Merchants Land, Ltd.
  9,912,000   1,650,449
 
China Merchants Port Holdings Co., Ltd.
  2,988,000   3,418,731
#*
China Metal Recycling Holdings, Ltd.
  2,401,686   0
#*
China Modern Dairy Holdings, Ltd.
  8,264,000   1,142,948
 
China New Town Development Co., Ltd.
  8,333,148   137,808
*
China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., Class A
  401,000   306,758
#*
China Oceanwide Holdings, Ltd.
  4,994,000   109,776
#*
China Oil & Gas Group, Ltd.
  31,898,000   948,573
 
China Oriental Group Co., Ltd.
  9,182,000   2,658,764
 
China Overseas Grand Oceans Group, Ltd.
  11,729,749   7,093,130
 
China Overseas Property Holdings, Ltd.
  9,150,000   9,557,477
 
China Pioneer Pharma Holdings, Ltd.
  2,803,000   408,918
 
China Power International Development, Ltd.
  32,366,333   6,059,549
*
China Properties Group, Ltd.
  2,045,000   124,251
 
China Publishing & Media Co., Ltd., Class A
  181,600   164,100
 
China Railway Tielong Container Logistics Co., Ltd., Class A
  189,400   158,331
*
China Rare Earth Holdings, Ltd.
  7,152,799   429,447
 
China Reinsurance Group Corp., Class H
  5,165,000   566,666
 
China Renaissance Holdings, Ltd.
  23,200   49,821
 
China Resources Medical Holdings Co., Ltd.
  5,558,000   3,970,091
 
China Resources Pharmaceutical Group, Ltd.
  4,254,500   2,416,473
*
China Ruifeng Renewable Energy Holdings, Ltd.
  224,000   7,873
 
China Sanjiang Fine Chemicals Co., Ltd.
  5,545,000   1,933,965
 
China SCE Group Holdings, Ltd.
  13,437,200   6,194,301
 
China Science Publishing & Media, Ltd., Class A
  175,900   239,344
#*
China Shanshui Cement Group, Ltd.
  30,000   8,446
#*
China Shengmu Organic Milk, Ltd.
  11,882,000   621,380
 
China Shineway Pharmaceutical Group, Ltd.
  2,256,200   1,509,445
*
China Silver Group, Ltd.
  5,550,000   716,409
#
China South City Holdings, Ltd.
  31,322,000   3,194,922
 
China Starch Holdings, Ltd.
  7,505,000   127,831
 
China State Construction Development Holdings, Ltd.
  116,000   7,269
 
China State Construction International Holdings, Ltd.
  6,710,000   3,970,478
*
China Sunshine Paper Holdings Co., Ltd.
  1,794,000   391,994
*
China Suntien Green Energy Corp., Ltd., Class H
  10,724,000   3,117,056
#
China Tian Lun Gas Holdings, Ltd.
  2,018,000   1,587,740
#*
China Tianrui Group Cement Co., Ltd.
  256,000   280,889
*
China Tianying, Inc., Class A
  657,100   488,715
 
China Traditional Chinese Medicine Holdings Co., Ltd.
  16,070,000   8,218,815
The Emerging Markets Small Cap Series
CONTINUED
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CHINA — (Continued)
#
China Travel International Investment Hong Kong, Ltd.
  17,793,900   $2,641,617
*
China Tungsten And Hightech Materials Co., Ltd., Class A
  37,000   38,066
#
China Vast Industrial Urban Development Co., Ltd.
  2,122,000   862,358
#*
China Vered Financial Holding Corp., Ltd.
  4,620,000   60,930
#
China Water Affairs Group, Ltd.
  6,198,000   5,355,213
*
China Water Industry Group, Ltd.
  596,000   17,302
*
China Wood Optimization Holding, Ltd.
  2,140,000   425,255
 
China World Trade Center Co., Ltd., Class A
  169,977   322,638
 
China XLX Fertiliser, Ltd.
  2,158,000   610,150
 
China Yongda Automobiles Services Holdings, Ltd.
  1,410,500   1,455,328
 
China Yuhua Education Corp., Ltd.
  7,634,000   7,379,553
#*
China Yurun Food Group, Ltd.
  2,892,000   239,074
#
China ZhengTong Auto Services Holdings, Ltd.
  9,175,500   1,327,950
 
China Zhonghua Geotechnical Engineering Group Co., Ltd., Class A
  161,900   81,616
 
China Zhongwang Holdings, Ltd.
  12,781,200   2,705,021
#
Chinasoft International, Ltd.
  15,438,000   11,775,300
 
Chongqing Department Store Co., Ltd., Class A
  145,400   672,665
 
Chongqing Fuling Electric Power Industrial Co., Ltd., Class A
  131,600   386,742
 
Chongqing Machinery & Electric Co., Ltd., Class H
  4,630,000   296,109
 
Chongqing Zongshen Power Machinery Co., Ltd., Class A
  392,137   547,814
 
Chu Kong Shipping Enterprise Group Co., Ltd.
  1,366,000   164,301
 
CIMC Enric Holdings, Ltd.
  4,292,000   1,862,735
 
CIMC-TianDa Holdings Co., Ltd.
  10,355,000   256,799
 
Cisen Pharmaceutical Co., Ltd., Class A
  154,600   398,734
*
CITIC Dameng Holdings, Ltd.
  996,000   43,750
*
CITIC Guoan Information Industry Co., Ltd., Class A
  962,000   381,769
*
CITIC Resources Holdings, Ltd.
  19,938,600   822,756
#*
Citychamp Watch & Jewellery Group, Ltd.
  10,482,000   2,109,912
*
CMST Development Co., Ltd., Class A
  585,300   426,528
 
CNNC Hua Yuan Titanium Dioxide Co., Ltd., Class A
  324,100   270,750
 
COFCO Meat Holdings, Ltd.
  3,458,000   1,720,321
*
Cogobuy Group
  4,446,000   711,534
#
Colour Life Services Group Co., Ltd.
  2,436,604   1,238,495
#
Comba Telecom Systems Holdings, Ltd.
  5,862,001   2,451,765
 
Concord New Energy Group, Ltd.
  41,354,964   1,947,887
 
Consun Pharmaceutical Group, Ltd.
  3,044,000   1,168,742
 
COSCO SHIPPING Development Co., Ltd., Class H
  18,976,000   1,885,008
#
COSCO SHIPPING Energy Transportation Co., Ltd., Class H
  8,626,000   3,850,064
 
COSCO SHIPPING International Hong Kong Co., Ltd.
  4,181,000   1,166,116
 
COSCO SHIPPING Ports, Ltd.
  12,845,102   6,699,517
*
Cosmo Lady China Holdings Co., Ltd.
  4,766,000   307,375
 
CP Pokphand Co., Ltd.
  42,204,594   4,033,002
#
CPMC Holdings, Ltd.
  3,552,000   1,633,727
 
CQ Pharmaceutical Holding Co., Ltd., Class A
  375,000   351,940
 
CRCC High-Tech Equipment Corp., Ltd., Class H
  1,664,500   221,438
 
CSG Holding Co., Ltd., Class A
  260,780   225,658
#*
CSSC Offshore and Marine Engineering Group Co., Ltd., Class H
  722,000   980,997
 
CSSC Science & Technology Co., Ltd., Class A
  158,600   315,057
#*
CT Environmental Group, Ltd.
  18,320,000   150,809
 
CTS International Logistics Corp., Ltd., Class A
  150,400   178,850
#*
CWT International, Ltd.
  24,080,000   77,053
*
Cybernaut International Holdings Co., Ltd.
  3,760,000   51,447
 
D&O Home Collection Co., Ltd., Class A
  45,800   254,886
#
Da Ming International Holdings, Ltd.
  880,000   165,270
 
DaFa Properties Group, Ltd.
  88,000   54,493
 
Dalian Bio-Chem Co., Ltd., Class A
  45,196   138,923
 
Dalian Huarui Heavy Industry Group Co., Ltd., Class A
  272,300   180,732
 
Dalian My Gym Education Technology Co., Ltd., Class A
  265,797   266,625
 
Dare Power Dekor Home Co., Ltd., Class A
  112,600   266,079
The Emerging Markets Small Cap Series
CONTINUED
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CHINA — (Continued)
 
Dashang Co., Ltd., Class A
  103,508   $385,687
 
Datang International Power Generation Co., Ltd., Class H
  3,840,000   505,644
*
Datong Coal Industry Co., Ltd., Class A
  722,972   546,133
 
Dawnrays Pharmaceutical Holdings, Ltd.
  6,715,886   772,855
 
Dazhong Transportation Group Co., Ltd., Class A
  631,520   361,128
 
Dazzle Fashion Co., Ltd., Class A
  106,528   287,035
#*
DBA Telecommunication Asia Holdings, Ltd.
  876,000   43,018
 
Deppon Logistics Co., Ltd., Class A
  48,487   89,367
 
Dexin China Holdings Co., Ltd.
  173,000   64,929
#*
Differ Group Holding Co., Ltd.
  12,814,000   1,041,988
 
Digital China Holdings, Ltd.
  5,292,500   4,452,752
 
Do-Fluoride Chemicals Co., Ltd., Class A
  62,000   101,478
 
Dongfang Electric Corp., Ltd., Class H
  2,441,600   1,393,054
 
Dongfeng Motor Group Co., Ltd., Class H
  564,000   403,757
#
Dongjiang Environmental Co., Ltd., Class H
  1,254,575   783,338
 
Dongyue Group, Ltd.
  9,206,000   4,056,299
#
Dynagreen Environmental Protection Group Co., Ltd., Class H
  2,769,000   1,232,193
*
E-Commodities Holdings, Ltd.
  4,464,000   114,766
#
EEKA Fashion Holdings, Ltd.
  998,000   1,218,244
 
Electric Connector Technology Co., Ltd., Class A
  90,900   412,425
 
Elion Clean Energy Co., Ltd., Class A
  826,663   424,236
 
Embry Holdings, Ltd.
  207,000   28,061
#
Essex Bio-technology, Ltd.
  1,256,000   798,339
 
EVA Precision Industrial Holdings, Ltd.
  5,080,435   251,023
 
Ever Sunshine Lifestyle Services Group, Ltd.
  178,000   342,457
*
EverChina International Holdings Co., Ltd.
  12,045,000   282,813
*
Fang Holdings, Ltd., ADR
  17,681   230,907
 
Fanhua, Inc., ADR
  236,949   4,757,936
 
Fantasia Holdings Group Co., Ltd.
  11,808,000   2,438,698
 
Far East Horizon, Ltd.
  13,038,000   10,756,361
*
First Tractor Co., Ltd., Class H
  1,741,176   701,620
#
Flat Glass Group Co., Ltd., Class H
  1,648,000   2,573,355
*
Focused Photonics Hangzhou, Inc., Class A
  87,400   204,430
 
Foshan Nationstar Optoelectronics Co., Ltd., Class A
  14,100   29,962
 
Fu Shou Yuan International Group, Ltd.
  5,891,000   5,587,760
 
Fufeng Group, Ltd.
  10,788,600   3,916,894
 
Fujian Longking Co., Ltd., Class A
  149,900   196,520
 
Fujian Longma Environmental Sanitation Equipment Co., Ltd., Class A
  133,700   480,333
#*
Fullshare Holdings, Ltd.
  50,470,000   958,255
*
Futu Holdings, Ltd., ADR
  5,426   186,492
 
Gansu Jingyuan Coal Industry and Electricity Power Co., Ltd., Class A
  797,700   282,176
*
GCL New Energy Holdings, Ltd.
  18,764,000   295,729
#*
GCL-Poly Energy Holdings, Ltd.
  112,238,000   3,478,925
 
Gemdale Properties & Investment Corp., Ltd.
  33,704,000   5,965,825
*
Gem-Year Industrial Co., Ltd., Class A
  126,000   102,597
 
Genertec Universal Medical Group Co., Ltd.
  7,716,000   4,944,660
 
Genimous Technology Co., Ltd., Class A
  330,115   393,604
*
Genscript Biotech Corp.
  1,914,000   4,159,153
 
Getein Biotech, Inc., Class A
  24,531   142,660
*
Global Top E-Commerce Co., Ltd., Class A
  517,700   597,273
*
Glorious Property Holdings, Ltd.
  19,193,501   742,943
 
Goldcard Smart Group Co., Ltd.
  147,600   335,332
 
Golden Eagle Retail Group, Ltd.
  3,102,000   3,052,467
*
Golden Meditech Holdings, Ltd.
  356,000   36,828
 
Golden Throat Holdings Group Co., Ltd.
  991,500   198,575
 
Golden Wheel Tiandi Holdings Co., Ltd.
  546,000   35,205
 
Goldlion Holdings, Ltd.
  2,006,962   380,621
 
Goldpac Group, Ltd.
  2,491,000   485,902
#*
GOME Retail Holdings, Ltd.
  34,090,000   4,928,524
The Emerging Markets Small Cap Series
CONTINUED
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CHINA — (Continued)
*
Gosuncn Technology Group Co., Ltd., Class A
  275,500   $257,771
*
Grand Baoxin Auto Group, Ltd.
  5,691,492   933,396
#
Greatview Aseptic Packaging Co., Ltd.
  5,802,000   2,201,631
 
Greenland Hong Kong Holdings, Ltd.
  6,863,000   2,217,208
 
Greentown China Holdings, Ltd.
  5,068,148   5,908,176
 
Greentown Service Group Co., Ltd.
  7,256,000   9,932,267
 
Guangdong Baolihua New Energy Stock Co., Ltd., Class A
  174,300   160,301
*
Guangdong Dongfang Precision Science & Technology Co., Ltd., Class A
  149,700   105,981
*
Guangdong Huatie Tongda High-speed Railway Equipment Corp., Class A
  324,900   315,325
*
Guangdong Land Holdings, Ltd.
  3,498,800   460,781
*
Guangdong Shenglu Telecommunication Tech Co., Ltd., Class A
  237,700   246,481
*
Guangdong Shirongzhaoye Co., Ltd., Class A
  41,600   43,447
 
Guangdong Zhongsheng Pharmaceutical Co., Ltd., Class A
  166,200   391,128
 
Guangshen Railway Co., Ltd., Class H
  7,408,000   1,405,773
 
Guangxi Liugong Machinery Co., Ltd., Class A
  596,220   613,419
 
Guangxi Liuzhou Pharmaceutical Co., Ltd., Class A
  119,980   456,952
 
Guangxi Wuzhou Zhongheng Group Co., Ltd., Class A
  583,500   318,631
#
Guangzhou R&F Properties Co., Ltd., Class H
  2,671,600   3,083,468
 
Guangzhou Shangpin Home Collection Co., Ltd., Class A
  33,700   304,870
 
Guizhou Bailing Group Pharmaceutical Co., Ltd., Class A
  326,400   437,631
 
Guizhou Broadcasting & TV Information Network Co., Ltd., Class A
  301,400   317,695
 
Guizhou Gas Group Corp., Ltd., Class A
  381,000   607,397
 
Guizhou Panjiang Refined Coal Co., Ltd., Class A
  288,500   263,465
*
Guizhou Xinbang Pharmaceutical Co., Ltd., Class A
  274,100   201,680
*
Guolian Securities Co., Ltd., Class H
  1,395,500   629,491
 
Guomai Technologies, Inc., Class A
  46,500   60,664
*
Guorui Properties, Ltd.
  6,116,000   908,578
*
Haichang Ocean Park Holdings, Ltd.
  7,081,000   439,177
*
Hailiang Education Group, Inc., ADR
  31,483   1,500,480
*
Hainan Meilan International Airport Co., Ltd., Class H
  693,000   4,191,293
*
Hainan Ruize New Building Material Co., Ltd., Class A
  115,200   111,260
 
Haitian International Holdings, Ltd.
  4,178,000   9,613,103
*
Hand Enterprise Solutions Co., Ltd., Class A
  103,900   137,657
*
Hang Zhou Great Star Industrial Co., Ltd., Class A
  250,500   662,587
 
Hangcha Group Co., Ltd., Class A
  176,488   319,335
 
Hangjin Technology Co., Ltd., Class A
  13,800   46,609
 
Hangxiao Steel Structure Co., Ltd., Class A
  438,608   282,831
 
Hangzhou Century Co., Ltd., Class A
  207,700   386,326
#
Harbin Bank Co., Ltd., Class H
  1,660,000   257,330
 
Harbin Boshi Automation Co., Ltd., Class A
  120,300   243,834
*
Harbin Electric Co., Ltd., Class H
  5,269,413   1,912,456
*
Harbin Gloria Pharmaceuticals Co., Ltd., Class A
  271,600   161,647
*
Harbin Pharmaceutical Group Co., Ltd., Class A
  854,900   433,083
#*
Harmonicare Medical Holdings, Ltd.
  2,357,000   116,325
 
HBIS Resources Co., Ltd., Class A
  17,800   35,751
#*
HC Group, Inc.
  3,841,500   594,749
 
Health and Happiness H&H International Holdings, Ltd.
  1,457,000   5,834,937
 
Hebei Chengde Lolo Co., Class A
  89,670   106,005
 
Hebei Construction Group Corp., Ltd., Class H
  43,000   62,722
 
Hebei Hengshui Laobaigan Liquor Co., Ltd., Class A
  163,200   301,794
 
Henan Lingrui Pharmaceutical Co., Class A
  319,400   536,194
 
Henan Pinggao Electric Co., Ltd., Class A
  342,000   407,818
*
Henan Senyuan Electric Co., Ltd., Class A
  65,900   53,531
 
Henan Shenhuo Coal & Power Co., Ltd., Class A
  767,800   580,008
 
Henan Zhongyuan Expressway Co., Ltd., Class A
  907,923   484,135
 
Henderson Investment, Ltd.
  2,432,000   128,572
#
Hengdeli Holdings, Ltd.
  14,517,399   619,534
 
Hexing Electrical Co., Ltd., Class A
  168,690   363,343
*
Hi Sun Technology China, Ltd.
  12,936,000   1,635,701
The Emerging Markets Small Cap Series
CONTINUED
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CHINA — (Continued)
*
Hilong Holding, Ltd.
  3,775,000   $107,356
 
Hisense Home Appliances Group Co., Ltd., Class H
  2,488,000   2,701,831
 
HKC Holdings, Ltd.
  1,316,577   770,541
 
Holitech Technology Co., Ltd., Class A
  776,200   584,850
 
Hongda Xingye Co., Ltd., Class A
  272,700   153,175
*
Honghua Group, Ltd.
  20,216,000   731,405
 
Honworld Group, Ltd.
  1,382,500   503,351
 
Hopefluent Group Holdings, Ltd.
  1,553,670   339,195
 
Hopson Development Holdings, Ltd.
  4,632,000   6,072,276
*
Hua Han Health Industry Holdings, Ltd.
  25,663,698   658,290
#*
Hua Hong Semiconductor, Ltd.
  3,157,000   13,899,387
 
Huadian Fuxin Energy Corp., Ltd., Class H
  14,756,000   4,630,579
 
Huadian Power International Corp., Ltd., Class H
  7,782,000   2,360,841
 
Huafon Microfibre Shanghai Technology Co., Ltd.
  432,200   482,746
 
Huafu Fashion Co., Ltd., Class A
  522,852   424,426
*
Huanxi Media Group, Ltd.
  1,960,000   349,253
 
Huapont Life Sciences Co., Ltd., Class A
  498,900   400,603
*
Huawen Media Group, Class A
  613,800   331,846
 
Huaxi Holdings Co., Ltd.
  444,000   97,394
 
Huazhong In-Vehicle Holdings Co., Ltd.
  3,736,000   289,548
 
Hubei Xingfa Chemicals Group Co., Ltd., Class A
  416,678   624,710
 
Huishang Bank Corp., Ltd., Class H
  34,000   11,194
 
Hunan Aihua Group Co., Ltd., Class A
  93,487   427,285
 
Hunan Gold Corp., Ltd., Class A
  244,800   345,270
 
Hunan New Wellful Co., Ltd., Class A
  40,200   66,936
*
HyUnion Holding Co., Ltd., Class A
  72,000   76,449
*
iDreamSky Technology Holdings, Ltd.
  148,800   87,212
 
IKD Co., Ltd., Class A
  82,800   156,086
 
IMAX China Holding, Inc.
  923,200   1,413,772
 
Inner Mongolia Eerduosi Resources Co., Ltd., Class A
  271,456   383,055
 
Inner Mongolia MengDian HuaNeng Thermal Power Corp., Ltd., Class A
  465,100   168,634
 
Inner Mongolia Yitai Coal Co., Ltd., Class H
  554,000   332,021
*
Inner Mongolia Yuan Xing Energy Co., Ltd., Class A
  814,100   225,095
*
Innuovo Technology Co., Ltd., Class A
  364,600   337,267
#*
Inspur International, Ltd.
  1,576,000   488,522
 
IReader Technology Co., Ltd., Class A
  79,900   385,811
*
IRICO Group New Energy Co., Ltd., Class H
  882,000   105,749
 
Jack Sewing Machine Co., Ltd., Class A
  121,600   349,776
*
JC Finance & Tax Interconnect Holdings, Ltd., Class A
  134,610   239,812
 
Jiangling Motors Corp., Ltd., Class A
  152,600   324,968
 
Jiangnan Group, Ltd.
  16,796,000   780,832
*
Jiangsu Akcome Science & Technology Co., Ltd., Class A
  1,543,008   590,991
 
Jiangsu Guotai International Group Co., Ltd., Class A
  612,495   586,292
 
Jiangsu Jiangyin Rural Commercial Bank Co., Ltd., Class A
  1,285,920   786,210
 
Jiangsu Kanion Pharmaceutical Co., Ltd., Class A
  192,140   416,576
*
Jiangsu Leike Defense Technology Co., Ltd., Class A
  205,607   277,300
 
Jiangsu Linyang Energy Co., Ltd., Class A
  710,100   874,429
 
Jiangsu Provincial Agricultural Reclamation and Development Corp.
  318,600   619,075
 
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd., Class A
  923,309   813,581
 
Jiangsu Zijin Rural Commer Co., Ltd., Class A
  926,500   580,296
 
Jiangzhong Pharmaceutical Co., Ltd., Class A
  196,640   375,607
#
Jiayuan International Group, Ltd.
  4,648,834   2,189,519
*
Jilin Electric Power Co., Ltd., Class A
  1,310,500   816,659
#
Jilin Jiutai Rural Commercial Bank Corp., Ltd., Class H
  115,761   33,525
*
Jilin Zixin Pharmaceutical Industrial Co., Ltd., Class A
  436,800   295,219
#
Jinchuan Group International Resources Co., Ltd.
  12,519,000   1,227,842
#
Jingrui Holdings, Ltd.
  2,160,000   570,673
 
Jingwei Textile Machinery Co., Ltd., Class A
  284,500   394,878
#*
JinkoSolar Holding Co., Ltd., ADR
  247,585   4,741,253
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Jinmao Hotel and Jinmao China Hotel Investments and Management, Ltd.
  19,500   $11,619
 
Jinneng Science&Technology Co., Ltd., Class A
  176,300   371,522
 
Jinyuan EP Co., Ltd., Class A
  145,600   191,306
 
Jiuzhitang Co., Ltd., Class A
  287,600   417,941
*
Jizhong Energy Resources Co., Ltd., Class A
  861,000   433,217
 
JL Mag Rare-Earth Co., Ltd., Class A
  48,700   260,667
 
JNBY Design, Ltd.
  1,149,500   1,149,938
 
Jointo Energy Investment Co., Ltd. Hebei, Class A
  1,114,796   884,763
 
Joy City Property, Ltd.
  19,994,000   1,548,833
*
JOYY, Inc., ADR
  77,107   6,154,681
 
JSTI Group, Class A
  120,788   136,154
 
Ju Teng International Holdings, Ltd.
  5,250,000   1,839,724
 
K Wah International Holdings, Ltd.
  583,732   246,357
*
Kai Yuan Holdings, Ltd.
  11,360,000   74,805
 
Kaisa Group Holdings, Ltd.
  18,442,000   8,195,914
 
Kaisa Prosperity Holdings, Ltd.
  174,250   854,276
*
Kangda International Environmental Co., Ltd.
  4,346,000   409,225
#*
Kasen International Holdings, Ltd.
  4,994,000   638,766
*
Keda Industrial Group Co., Ltd., Class A
  71,400   47,209
 
Kinetic Mines and Energy, Ltd.
  468,000   18,150
 
Kingboard Holdings, Ltd.
  5,180,421   15,150,951
 
Kingboard Laminates Holdings, Ltd.
  7,323,500   8,238,753
 
Kingdee International Software Group Co., Ltd.
  3,135,200   8,671,423
 
Konfoong Materials International Co., Ltd., Class A
  53,400   486,774
 
Konka Group Co., Ltd., Class A
  570,684   590,971
 
KPC Pharmaceuticals, Inc., Class A
  259,500   434,460
 
KWG Group Holdings, Ltd.
  7,630,450   13,610,075
 
Lee & Man Chemical Co., Ltd.
  1,098,785   408,495
 
Lee & Man Paper Manufacturing, Ltd.
  9,866,000   6,098,973
 
Lee's Pharmaceutical Holdings, Ltd.
  1,714,000   1,353,512
 
Legend Holdings Corp., Class H
  1,423,000   1,850,951
 
Leoch International Technology, Ltd.
  295,000   17,658
#*
LexinFintech Holdings, Ltd., ADR
  368,542   3,136,292
 
LianChuang Electronic Technology Co., Ltd., Class A
  243,900   409,521
 
Liaoning Wellhope Agri-Tech JSC, Ltd., Class A
  147,900   346,601
*
Lier Chemical Co., Ltd., Class A
  168,700   515,024
*
Lifestyle China Group, Ltd.
  2,138,000   442,086
*
Lifetech Scientific Corp.
  17,288,000   4,983,391
 
LingNan Eco&Culture-Tourism Co., Ltd., Class A
  408,100   255,689
 
Lingyuan Iron & Steel Co., Ltd., Class A
  490,702   161,861
*
Link Motion, Inc., Sponsored ADR
  690,534   0
 
Liuzhou Iron & Steel Co., Ltd., Class A
  462,000   330,259
 
Livzon Pharmaceutical Group, Inc., Class H
  789,903   3,714,448
 
Loncin Motor Co., Ltd., Class A
  724,300   447,796
 
Long Yuan Construction Group Co., Ltd., Class A
  363,800   444,558
 
Lonking Holdings, Ltd.
  14,026,000   4,620,217
 
Luolai Lifestyle Technology Co., Ltd., Class A
  85,840   133,875
 
Luxi Chemical Group Co., Ltd., Class A
  317,700   512,553
#
Luye Pharma Group, Ltd.
  7,907,000   4,997,683
 
LVGEM China Real Estate Investment Co., Ltd.
  1,188,000   373,991
#
Maanshan Iron & Steel Co., Ltd., Class H
  3,692,048   995,741
*
Macrolink Culturaltainment Development Co., Ltd., Class A
  174,900   105,129
#*
Maoyan Entertainment
  229,000   383,083
 
Maoye International Holdings, Ltd.
  7,090,000   347,847
*
Markor International Home Furnishings Co., Ltd., Class A
  163,890   117,788
 
Mayinglong Pharmaceutical Group Co., Ltd., Class A
  33,600   111,989
 
Min Xin Holdings, Ltd.
  922,000   474,528
*
Mingfa Group International Co., Ltd.
  7,108,000   51,634
 
Minmetals Land, Ltd.
  10,708,000   1,327,674
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Minsheng Education Group Co., Ltd.
  132,000   $18,413
 
Minth Group, Ltd.
  5,017,000   14,931,247
 
Misho Ecology & Landscape Co., Ltd., Class A
  137,400   164,924
#*
MMG, Ltd.
  16,826,999   4,445,326
 
MOBI Development Co., Ltd.
  1,753,000   187,609
 
Modern Land China Co., Ltd.
  5,894,800   762,071
#
Momo, Inc., Sponsored ADR
  511,186   9,441,605
*
Montnets Rongxin Technology Group Co., Ltd., Class A
  189,142   535,415
 
MYS Group Co., Ltd., Class A
  215,887   162,064
*
Nan Hai Corp., Ltd.
  24,100,000   174,008
 
Nanjing Iron & Steel Co., Ltd., Class A
  697,600   328,959
*
Nanjing Sample Technology Co., Ltd., Class H
  45,500   12,928
 
Natural Food International Holding, Ltd.
  314,000   27,582
*
Nature Home Holding Co., Ltd.
  1,787,000   223,742
 
NetDragon Websoft Holdings, Ltd.
  1,295,000   3,702,216
*
New Century Healthcare Holding Co., Ltd.
  35,000   5,395
*
New World Department Store China, Ltd.
  3,381,462   550,006
#
Nexteer Automotive Group, Ltd.
  6,041,000   3,830,202
 
Nine Dragons Paper Holdings, Ltd.
  11,886,000   12,484,258
 
Ningbo Orient Wires & Cables Co., Ltd., Class A
  77,000   244,343
 
Ningbo Sanxing Medical Electric Co., Ltd., Class A
  300,700   312,654
 
Ningbo Yunsheng Co., Ltd., Class A
  340,100   303,586
*
Ningxia Jiaze New Energy Co., Ltd., Class A
  574,100   308,701
*
Niu Technologies
  75,290   1,582,596
#*
Noah Holdings, Ltd., ADR
  189,282   5,767,423
 
Norinco International Cooperation, Ltd., Class A
  269,374   307,369
 
North Huajin Chemical Industries Co., Ltd., Class A
  342,500   253,431
#*
North Mining Shares Co., Ltd.
  47,100,000   85,099
*
Northeast Pharmaceutical Group Co., Ltd., Class A
  447,035   359,831
#
NVC Lighting Holdings, Ltd.
  5,204,000   81,950
#*
OneSmart International Education Group, Ltd., ADR
  56,554   212,077
 
O-Net Technologies Group, Ltd.
  1,949,000   1,568,380
 
ORG Technology Co., Ltd., Class A
  360,720   273,291
 
Overseas Chinese Town Asia Holdings, Ltd.
  1,484,183   324,022
*
Ozner Water International Holding, Ltd.
  2,683,000   43,031
#
Pacific Online, Ltd.
  2,963,365   450,465
#*
Panda Green Energy Group, Ltd.
  23,204,000   898,110
*
Parkson Retail Group, Ltd.
  6,439,500   262,426
 
PAX Global Technology, Ltd.
  5,809,000   2,704,980
#*
Phoenix Media Investment Holdings, Ltd.
  8,174,000   475,427
 
Phoenix New Media, Ltd., ADR
  190,696   282,230
 
Pingdingshan Tianan Coal Mining Co., Ltd., Class A
  567,148   411,233
 
Poly Property Group Co., Ltd.
  16,468,000   5,186,580
*
Pou Sheng International Holdings, Ltd.
  14,951,806   3,268,334
 
Powerlong Real Estate Holdings, Ltd.
  9,806,000   5,992,503
#*
PW Medtech Group, Ltd.
  4,830,000   981,113
#
Q Technology Group Co., Ltd.
  2,725,000   3,712,261
 
Qingdao East Steel Tower Stock Co., Ltd., Class A
  127,400   161,951
 
Qingdao Eastsoft Communication Technology Co., Ltd., Class A
  14,100   48,403
 
Qingdao Gon Technology Co., Ltd., Class A
  87,300   474,324
 
Qingdao Port International Co., Ltd., Class H
  1,273,000   720,916
 
Qingdao Topscomm Communication, Inc., Class A
  182,700   286,380
 
Qingling Motors Co., Ltd., Class H
  4,826,000   872,266
 
Qinhuangdao Port Co., Ltd., Class H
  3,011,500   473,851
#*
Qinqin Foodstuffs Group Cayman Co., Ltd.
  65,000   18,985
#*
Qudian, Inc., Sponsored ADR
  96,525   156,370
*
Qunxing Paper Holdings Co.
  669,913   0
 
Rainbow Digital Commercial Co., Ltd., Class A
  330,300   515,188
 
Raisecom Technology Co., Ltd., Class A
  13,800   25,015
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Rastar Group, Class A
  295,400   $166,391
*
Realcan Pharmaceutical Group Co., Ltd., Class A
  513,200   486,840
 
Red Star Macalline Group Corp., Ltd., Class H
  265,320   181,829
 
Redco Properties Group Ltd.
  6,322,000   2,871,607
 
Renhe Pharmacy Co., Ltd., Class A
  409,700   397,513
*
REXLot Holdings, Ltd.
  98,652,252   49,642
 
Richinfo Technology Co., Ltd., Class A
  76,000   302,554
*
RISE Education Cayman, Ltd.
  8,598   27,428
 
Road King Infrastructure, Ltd.
  1,832,000   2,464,418
 
Rongan Property Co., Ltd., Class A
  438,900   163,482
 
Ronshine China Holdings, Ltd.
  3,466,500   3,093,438
*
Roshow Technology Co., Ltd., Class A
  485,800   384,928
*
Ruhnn Holding, Ltd., ADR
  2,600   10,790
 
Runjian Co., Ltd., Class A
  45,000   191,850
*
RYB Education, Inc., ADR
  1,970   5,506
 
Sailun Group Co., Ltd., Class A
  965,304   548,668
 
SanFeng Intelligent Equipment Group Co., Ltd., Class A
  291,600   203,308
*
Sanxiang Impression Co., Ltd., Class A
  36,100   23,594
 
Sany Heavy Equipment International Holdings Co., Ltd.
  6,931,000   3,628,816
 
Saurer Intelligent Technology Co., Ltd., Class A
  165,100   129,930
#*
Secoo Holding, Ltd., ADR
  64,187   168,812
 
S-Enjoy Service Group Co., Ltd.
  58,000   182,756
 
SGIS Songshan Co., Ltd., Class A
  977,500   621,061
 
Shaan Xi Provincial Natural Gas Co., Ltd., Class A
  446,990   427,167
 
Shandong Chenming Paper Holdings, Ltd., Class H
  2,599,750   1,230,793
 
Shandong Longda Meat Foodstuff Co., Ltd., Class A
  83,200   135,124
 
Shandong Luyitong Intelligent Electric P.L.C., Class A
  101,700   200,187
 
Shandong New Beiyang Information Technology Co., Ltd., Class A
  14,800   22,142
 
Shandong Publishing & Media Co., Ltd., Class A
  94,500   91,808
#
Shandong Xinhua Pharmaceutical Co., Ltd., Class H
  978,400   563,542
 
Shanghai Daimay Automotive Interior Co., Ltd., Class A
  11,650   56,310
 
Shanghai East China Computer Co., Ltd., Class A
  102,039   400,208
 
Shanghai Fengyuzhu Culture and Technology Co., Ltd., Class A
  92,100   253,104
 
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd., Class H
  1,781,000   1,368,467
 
Shanghai Haohai Biological Technology Co., Ltd., Class H
  15,000   110,245
 
Shanghai Industrial Holdings, Ltd.
  3,534,000   5,156,228
 
Shanghai Industrial Urban Development Group, Ltd.
  15,697,000   1,723,589
 
Shanghai Jin Jiang Capital Co., Ltd., Class H
  9,666,000   1,659,340
 
Shanghai Jinqiao Export Processing Zone Development Co., Ltd., Class A
  165,939   361,661
 
Shanghai Maling Aquarius Co., Ltd., Class A
  310,225   478,001
 
Shanghai Moons' Electric Co., Ltd., Class A
  12,560   25,406
*
Shanghai Phichem Material Co., Ltd., Class A
  60,900   210,978
 
Shanghai Prime Machinery Co., Ltd., Class H
  2,898,000   329,166
 
Shanghai Pudong Road & Bridge Construction Co., Ltd., Class A
  391,992   371,736
 
Shanghai Shyndec Pharmaceutical Co., Ltd., Class A
  332,033   523,040
 
Shanghai Tongji Science & Technology Industrial Co., Ltd., Class A
  127,300   159,563
 
Shanghai Weaver Network Co., Ltd., Class A
  1,500   17,901
*
Shanghai Zendai Property, Ltd.
  9,735,000   38,892
 
Shanghai Zijiang Enterprise Group Co., Ltd., Class A
  214,800   143,607
 
Shanxi Blue Flame Holding Co., Ltd., Class A
  334,400   391,100
 
Shanxi Coking Co., Ltd., Class A
  264,598   186,476
 
Shanxi Lanhua Sci-Tech Venture Co., Ltd., Class A
  308,400   234,605
*
Shanying International Holding Co., Ltd., Class A
  1,207,015   548,279
 
Sheng Ye Capital, Ltd.
  260,000   251,683
 
Shengda Resources Co., Ltd., Class A
  221,907   595,949
*
Shenghe Resources Holding Co., Ltd., Class A
  173,200   211,630
 
Shenguan Holdings Group, Ltd.
  4,760,000   159,712
 
Shenzhen Agricultural Products Group Co., Ltd., Class A
  392,400   473,318
 
Shenzhen Aisidi Co., Ltd., Class A
  248,100   356,764
The Emerging Markets Small Cap Series
CONTINUED
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CHINA — (Continued)
*
Shenzhen Bauing Construction Holding Group Co., Ltd., Class A
  168,300   $121,858
 
Shenzhen Center Power Tech Co., Ltd., Class A
  76,600   251,989
 
Shenzhen Comix Group Co., Ltd., Class A
  14,601   34,847
 
Shenzhen Danbond Technology Co., Ltd., Class A
  177,253   243,225
 
Shenzhen Desay Battery Technology Co., Class A
  24,400   205,646
 
Shenzhen Expressway Co., Ltd., Class H
  5,078,400   4,844,017
 
Shenzhen Grandland Group Co., Ltd., Class A
  272,300   147,510
 
Shenzhen H&T Intelligent Control Co., Ltd., Class A
  218,429   504,317
 
Shenzhen Heungkong Holding Co., Ltd., Class A
  536,460   161,985
*
Shenzhen Hifuture Information Technology Co., Ltd., Class A
  256,517   315,145
 
Shenzhen International Holdings, Ltd.
  8,267,299   13,491,751
 
Shenzhen Investment, Ltd.
  24,947,720   7,827,638
 
Shenzhen Kingdom Sci-Tech Co., Ltd., Class A
  178,900   498,644
 
Shenzhen Megmeet Electrical Co., Ltd., Class A
  55,300   234,332
 
Shenzhen Neptunus Bioengineering Co., Ltd., Class A
  463,850   341,514
 
Shenzhen Noposion Agrochemicals Co., Ltd., Class A
  186,200   173,785
 
Shenzhen SDG Information Co., Ltd., Class A
  257,520   421,695
 
Shenzhen Sinovatio Technology Co., Ltd., Class A
  41,707   499,531
 
Shenzhen Sunline Tech Co., Ltd., Class A
  172,700   532,453
*
Shenzhen Techand Ecology & Environment Co., Ltd., Class A
  184,500   73,539
 
Shenzhen Woer Heat-Shrinkable Material Co., Ltd., Class A
  256,400   229,960
 
Shenzhen World Union Group, Inc., Class A
  54,700   31,584
 
Shenzhen Yan Tian Port Holding Co., Ltd., Class A
  274,800   330,253
*
Shenzhen Yitoa Intelligent Control Co., Ltd., Class A
  337,300   299,833
 
Shenzhen Ysstech Info-tech Co., Ltd., Class A
  161,100   223,815
 
Shenzhen Zhenye Group Co., Ltd., Class A
  410,400   487,001
 
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd., Class A
  898,800   603,227
 
Shinva Medical Instrument Co., Ltd., Class A
  138,680   394,298
 
Shougang Fushan Resources Group, Ltd.
  18,562,000   4,250,509
*
Shouhang High-Tech Energy Co., Ltd., Class A
  719,800   262,180
 
Shui On Land, Ltd.
  27,670,143   4,107,982
 
Sichuan Expressway Co., Ltd., Class H
  5,600,000   1,272,748
*
Sichuan Hebang Biotechnology Co., Ltd., Class A
  2,341,760   453,245
 
Sichuan Jiuyuan Yinhai Software Co., Ltd., Class A
  89,300   354,101
 
Sichuan Languang Development Co., Ltd., Class A
  1,205,171   923,281
 
Sichuan Shuangma Cement Co., Ltd., Class A
  187,737   402,137
 
Sichuan Tianyi Comheart Telecom Co., Ltd., Class A
  90,600   327,073
 
Sichuan Yahua Industrial Group Co., Ltd., Class A
  308,300   417,904
 
Sihuan Pharmaceutical Holdings Group, Ltd.
  29,609,000   3,024,303
*
Silver Grant International Holdings Group, Ltd.
  6,974,000   855,726
*
SINA Corp.
  269,727   10,883,484
 
Sino Wealth Electronic, Ltd., Class A
  88,182   471,245
 
Sinochem International Corp., Class A
  367,200   298,853
 
Sinofert Holdings, Ltd.
  16,819,327   1,520,356
 
Sino-I Technology, Ltd.
  3,950,000   23,423
#*
Sinolink Worldwide Holdings, Ltd.
  12,032,800   738,060
 
Sinoma International Engineering Co., Class A
  252,500   216,458
 
Sinomach Automobile Co., Ltd., Class A
  342,600   244,404
 
Sino-Ocean Group Holding, Ltd.
  16,522,500   3,985,834
 
Sinopec Engineering Group Co., Ltd., Class H
  9,964,500   4,416,848
 
Sinopec Kantons Holdings, Ltd.
  7,788,000   3,395,096
#*
Sinopec Oilfield Service Corp., Class H
  2,282,000   165,175
#*
Sinosoft Technology Group, Ltd.
  3,943,599   1,017,464
 
Sinosteel Engineering & Technology Co., Ltd., Class A
  507,700   319,516
 
Sinotrans, Ltd., Class H
  15,235,000   3,183,913
 
Sinotruk Hong Kong, Ltd.
  1,974,000   6,160,172
 
Skyfame Realty Holdings, Ltd.
  18,582,000   2,493,637
 
Skyworth Digital Co., Ltd., Class A
  347,346   632,451
*
Skyworth Group, Ltd.
  14,687,628   4,643,074
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
#*
SMI Holdings Group, Ltd.
  6,033,814   $145,974
#*
Sogou, Inc., ADR
  51,996   448,206
*
SOHO China, Ltd.
  15,376,500   5,715,742
*
Sohu.com, Ltd., ADR
  62,319   1,431,467
*
Sou Yu Te Group Co., Ltd., Class A
  1,059,193   440,399
#*
Sparkle Roll Group, Ltd.
  7,624,000   280,367
*
SPT Energy Group, Inc.
  1,470,000   53,179
*
SRE Group, Ltd.
  10,562,059   36,850
 
SSY Group, Ltd.
  10,999,152   6,949,126
#*
Starrise Media Holdings, Ltd.
  2,212,000   111,333
 
Suchuang Gas Corp., Ltd.
  608,000   263,480
#
Sun King Power Electronics Group
  3,912,000   878,430
 
Sunflower Pharmaceutical Group Co., Ltd., Class A
  193,200   433,793
 
Sunresin New Materials Co., Ltd., Class A
  64,107   351,317
#*
Sunshine 100 China Holdings, Ltd.
  940,000   163,034
 
Sunward Intelligent Equipment Co., Ltd., Class A
  166,950   169,008
 
Sunwave Communications Co., Ltd., Class A
  190,000   245,713
*
Suzhou Chunxing Precision Mechanical Co., Ltd., Class A
  362,797   371,592
 
Suzhou Maxwell Technologies Co., Ltd., Class A
  6,200   318,921
 
Suzhou Secote Precision Electronic Co., Ltd., Class A
  47,200   364,306
 
Suzhou TFC Optical Communication Co., Ltd., Class A
  47,600   482,549
 
Symphony Holdings, Ltd.
  8,950,000   1,004,824
 
T&S Communications Co., Ltd., Class A
  57,237   177,197
 
Tang Palace China Holdings, Ltd.
  440,000   36,923
 
TangShan Port Group Co., Ltd., Class A
  1,557,011   541,888
 
Tangshan Sanyou Chemical Industries Co., Ltd., Class A
  663,176   592,260
#*
Tarena International, Inc., ADR
  23,722   39,379
*
Taung Gold International, Ltd.
  60,770,000   266,813
 
TCL Electronics Holdings, Ltd.
  5,372,347   3,185,351
 
Ten Pao Group Holdings, Ltd.
  1,296,000   119,283
#
Tenfu Cayman Holdings Co., Ltd.
  289,000   200,953
#*
Tenwow International Holdings, Ltd.
  4,220,000   38,822
#
Texhong Textile Group, Ltd.
  2,065,500   1,578,669
 
Textainer Group Holdings, Ltd.
  187,679   1,576,593
 
Tian An China Investment Co., Ltd.
  1,718,000   909,569
 
Tian Di Science & Technology Co., Ltd., Class A
  1,093,400   484,176
#*
Tian Ge Interactive Holdings, Ltd.
  3,128,000   398,795
*
Tian Shan Development Holding, Ltd.
  1,910,000   759,140
 
Tiangong International Co., Ltd.
  4,890,000   1,602,802
 
Tianjin Capital Environmental Protection Group Co., Ltd., Class H
  2,484,000   808,221
 
Tianjin Development Holdings, Ltd.
  3,280,000   728,437
 
Tianjin Port Development Holdings, Ltd.
  14,950,800   1,117,414
#
Tianneng Power International, Ltd.
  5,026,048   11,666,320
 
Tianyun International Holdings, Ltd.
  1,794,000   203,851
 
Tibet Summit Resources Co., Ltd., Class A
  294,000   522,026
 
Tibet Tianlu Co., Ltd., Class A
  122,100   184,481
*
Tibet Water Resources, Ltd.
  11,844,000   756,591
 
Time Watch Investments, Ltd.
  1,562,000   171,158
 
Tomson Group, Ltd.
  3,169,054   674,387
 
Tong Ren Tang Technologies Co., Ltd., Class H
  4,202,000   3,099,805
*
Tongcheng-Elong Holdings, Ltd.
  284,000   521,736
 
Tongda Group Holdings, Ltd.
  32,450,000   1,887,206
*
Tongding Interconnection Information Co., Ltd., Class A
  324,800   246,756
*
Tonghua Golden-Horse Pharmaceutical Industry Co., Ltd., Class A
  170,100   128,652
 
Tongling Jingda Special Magnet Wire Co., Ltd., Class A
  153,500   77,411
 
Tongyu Heavy Industry Co., Ltd., Class A
  297,953   120,512
#
Top Spring International Holdings, Ltd.
  1,539,500   226,481
 
Towngas China Co., Ltd.
  7,464,735   3,595,328
 
TravelSky Technology, Ltd., Class H
  804,000   1,546,482
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
#*
Trigiant Group, Ltd.
  4,284,000   $575,808
*
Trony Solar Holdings Co., Ltd.
  1,757,000   0
*
Truly International Holdings, Ltd.
  6,795,573   807,413
 
Tsaker Chemical Group, Ltd.
  1,314,500   210,648
*
Tuniu Corp., Sponsored ADR
  148,809   151,785
*
Tus Environmental Science And Technology Development Co., Ltd., Class A
  360,500   423,316
 
Unilumin Group Co., Ltd., Class A
  259,700   334,014
 
Uni-President China Holdings, Ltd.
  8,530,000   9,255,582
 
United Energy Group, Ltd.
  40,190,900   7,057,415
#*
V1 Group, Ltd.
  10,687,579   318,096
 
Vatti Corp., Ltd., Class A
  376,947   560,425
 
Vinda International Holdings, Ltd.
  1,209,000   4,552,876
 
Wangneng Environment Co., Ltd., Class A
  85,245   243,347
 
Wanxiang Qianchao Co., Ltd., Class A
  423,090   371,038
 
Wasion Holdings, Ltd.
  4,034,000   1,224,094
 
Wasu Media Holding Co., Ltd., Class A
  357,024   567,855
 
Weiqiao Textile Co., Class H
  2,420,500   524,543
 
West China Cement, Ltd.
  17,592,000   3,749,296
 
Western Region Gold Co., Ltd., Class A
  204,600   502,030
#
Wisdom Education International Holdings Co., Ltd.
  3,656,000   2,075,391
 
Wison Engineering Services Co., Ltd.
  1,334,000   136,013
 
Wuhan DDMC Culture & Sports Co., Ltd., Class A
  231,500   283,284
 
Wuhan Department Store Group Co., Ltd., Class A
  174,282   626,180
 
Wuhan Jingce Electronic Group Co., Ltd., Class A
  58,994   564,371
*
Wuhan P&S Information Technology Co., Ltd., Class A
  405,100   371,741
 
XGD, Inc., Class A
  155,100   314,628
 
Xiabuxiabu Catering Management China Holdings Co., Ltd.
  3,043,500   3,054,589
 
XIAMEN COMFORT SCIENCE & TECHNOLOGY GROUP CO LTD, Class A
  105,900   189,345
 
Xiamen Faratronic Co., Ltd., Class A
  53,800   465,366
 
Xiamen Goldenhome Co., Ltd., Class A
  53,180   403,614
 
Xiamen International Airport Co., Ltd., Class A
  20,400   51,955
 
Xiamen International Port Co., Ltd., Class H
  7,288,000   732,956
 
Xiamen ITG Group Corp., Ltd., Class A
  489,000   488,338
 
Xiamen Xiangyu Co., Ltd., Class A
  543,600   520,924
*
Xian International Medical Investment Co., Ltd., Class A
  672,022   602,594
 
Xiandai Investment Co., Ltd., Class A
  421,994   231,023
 
Xinfengming Group Co., Ltd., Class A
  218,908   332,793
 
Xingda International Holdings, Ltd.
  6,859,713   1,393,185
 
Xingfa Aluminium Holdings, Ltd.
  503,000   565,483
*
Xingyuan Environment Technology Co., Ltd., Class A
  318,700   160,315
 
Xinhua Winshare Publishing and Media Co., Ltd., Class H
  2,843,103   1,881,776
*
Xinjiang Machinery Research Institute Co., Ltd., Class A
  133,700   97,730
 
Xinjiang Xintai Natural Gas Co., Ltd., Class A
  25,124   165,225
 
Xinjiang Yilite Industry Co., Ltd., Class A
  108,257   303,776
 
Xinjiang Zhongtai Chemical Co., Ltd., Class A
  567,400   459,407
*
Xinming China Holdings, Ltd.
  1,016,000   133,570
 
Xinxing Ductile Iron Pipes Co., Ltd., Class A
  1,045,700   558,112
 
Xinyu Iron & Steel Co., Ltd., Class A
  839,400   532,399
 
Xinyuan Real Estate Co., Ltd., ADR
  238,162   504,903
 
Xtep International Holdings, Ltd.
  8,734,259   2,616,889
#*
Xunlei, Ltd., ADR
  206,625   762,446
*
Yadea Group Holdings, Ltd.
  7,128,000   6,006,860
*
Yanchang Petroleum International, Ltd.
  12,530,000   88,934
 
Yang Quan Coal Industry Group Co., Ltd., Class A
  586,000   408,780
 
Yangzhou Yangjie Electronic Technology Co., Ltd., Class A
  112,755   532,802
*
Yantai Tayho Advanced Materials Co., Ltd., Class A
  136,534   271,224
 
Yantai Zhenghai Magnetic Material Co., Ltd., Class A
  263,800   416,707
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Yanzhou Coal Mining Co., Ltd., Class H
  2,160,000   $1,688,433
*
Yashili International Holdings, Ltd.
  5,308,000   404,274
#
YiChang HEC ChangJiang Pharmaceutical Co., Ltd., Class H
  1,480,400   2,226,574
*
Yida China Holdings, Ltd.
  1,148,000   299,187
 
Yijiahe Technology Co., Ltd., Class A
  13,540   218,490
 
Yip's Chemical Holdings, Ltd.
  1,728,000   481,853
#*
Yiren Digital, Ltd., Sponsored ADR
  220,957   793,236
*
Yixin Group, Ltd.
  1,164,000   296,343
 
Yotrio Group Co., Ltd., Class A
  677,800   474,975
*
Youyuan International Holdings, Ltd.
  2,698,070   16,988
*
YuanShengTai Dairy Farm, Ltd.
  9,214,000   547,276
 
Yuexiu Property Co., Ltd.
  53,900,284   9,881,988
 
Yuexiu Transport Infrastructure, Ltd.
  6,128,018   3,893,365
 
Yuzhou Group Holdings Co., Ltd.
  13,944,759   6,265,066
 
ZBOM Home Collection Co., Ltd., Class A
  71,849   300,793
 
Zhaojin Mining Industry Co., Ltd., Class H
  2,340,000   2,965,034
 
Zhejiang Communications Technology Co., Ltd.
  463,200   373,810
*
Zhejiang Conba Pharmaceutical Co., Ltd., Class A
  612,900   528,303
#
Zhejiang Expressway Co., Ltd., Class H
  9,716,000   7,225,314
*
Zhejiang Garden Bio-Chemical High-tech Co., Ltd., Class A
  26,800   60,218
#
Zhejiang Glass Co., Ltd.
  445,000   0
 
Zhejiang Hangmin Co., Ltd., Class A
  354,400   293,022
 
Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A
  374,355   438,579
 
Zhejiang Jianfeng Group Co., Ltd., Class A
  24,600   60,596
 
Zhejiang Jiemei Electronic & Technology Co., Ltd., Class A
  44,320   180,198
*
Zhejiang Jingu Co., Ltd., Class A
  346,600   285,805
 
Zhejiang Jingxin Pharmaceutical Co., Ltd., Class A
  239,800   515,548
*
Zhejiang Jinke Culture Industry Co., Ltd., Class A
  564,768   255,208
*
Zhejiang Kaishan Compressor Co., Ltd., Class A
  101,000   248,052
 
Zhejiang Meida Industrial Co., Ltd., Class A
  265,940   526,870
*
Zhejiang Narada Power Source Co., Ltd., Class A
  126,700   253,306
 
Zhejiang Runtu Co., Ltd., Class A
  306,134   419,381
*
Zhejiang Wanfeng Auto Wheel Co., Ltd., Class A
  819,420   811,299
 
Zhejiang Xinan Chemical Industrial Group Co., Ltd., Class A
  284,773   370,916
 
Zhejiang Yankon Group Co., Ltd., Class A
  95,500   65,431
 
Zhejiang Yasha Decoration Co., Ltd., Class A
  259,200   570,197
 
Zhejiang Yongtai Technology Co., Ltd., Class A
  103,369   179,033
 
Zhengzhou Coal Mining Machinery Group Co., Ltd., Class H
  1,731,200   800,068
 
Zhenro Properties Group, Ltd.
  299,000   190,252
#
Zhong An Group, Ltd.
  19,638,800   671,497
*
Zhongshan Broad Ocean Motor Co., Ltd., Class A
  296,300   167,381
 
Zhongshan Public Utilities Group Co., Ltd., Class A
  118,100   142,314
 
Zhongyu Gas Holdings, Ltd.
  1,899,306   1,766,901
 
Zhou Hei Ya International Holdings Co., Ltd.
  4,193,500   3,368,887
#*
Zhuguang Holdings Group Co., Ltd.
  7,324,000   1,086,746
*
Zhuhai Orbita Aerospace Science & Technology Co., Ltd., Class A
  49,600   83,932
 
Zhuzhou CRRC Times Electric Co., Ltd., Class H
  1,775,000   6,235,092
 
Zhuzhou Hongda Electronics Corp., Ltd., Class A
  79,634   417,729
 
ZJBC Information Technology Co., Ltd., Class A
  39,620   41,517
TOTAL CHINA
      1,169,106,446
COLOMBIA — (0.1%)
 
Bolsa de Valores de Colombia
  63,819   188,055
 
Celsia SA ESP
  2,207,486   2,486,600
 
Cementos Argos SA
  1,118,656   1,096,780
*
CEMEX Latam Holdings SA
  931,510   441,675
*
Constructora Conconcreto SA
  323,906   33,232
*
Corp. Financiera Colombiana SA
  309,867   2,066,890
 
Grupo Argos SA
  6,078   16,607
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
COLOMBIA — (Continued)
 
Grupo Nutresa SA
  127,894   $692,060
 
Interconexion Electrica SA ESP
  21,420   110,170
 
Mineros SA
  205,322   209,007
 
Promigas SA ESP
  10,240   17,885
TOTAL COLOMBIA
      7,358,961
GREECE — (0.5%)
 
Aegean Airlines SA
  184,681   786,632
 
Athens Water Supply & Sewage Co. SA
  200,101   1,561,066
 
Autohellas SA
  105,496   403,950
 
Bank of Greece
  135,775   2,096,015
*
Ellaktor SA
  572,810   738,272
*
Fourlis Holdings SA
  239,414   1,100,951
*
GEK Terna Holding Real Estate Construction SA
  462,073   3,158,293
 
Hellenic Exchanges - Athens Stock Exchange SA
  356,227   1,275,588
 
Holding Co. ADMIE IPTO SA
  597,262   1,573,637
*
Intracom Holdings SA
  159,735   119,540
*
LAMDA Development SA
  343,037   2,304,111
*
Marfin Investment Group Holdings SA
  3,752,925   248,721
 
Mytilineos SA
  215,091   2,010,576
*
Piraeus Bank SA
  1,113,660   1,536,538
 
Piraeus Port Authority SA
  44,973   873,053
 
Sarantis SA
  182,932   1,823,802
 
Terna Energy SA
  193,859   2,544,358
 
Thessaloniki Port Authority SA
  344   8,485
TOTAL GREECE
      24,163,588
HONG KONG — (0.1%)
 
Anxin-China Holdings, Ltd.
  16,347,000   0
*
China Agri-Products Exchange, Ltd.
  45,605   330
*
China Boton Group Co., Ltd.
  192,000   45,353
 
China New Higher Education Group, Ltd.
  399,000   277,077
 
Fiber Optic Center, Inc.
  9,639,999   65,301
#
Fuguiniao Co., Ltd.
  1,930,000   181,164
*
GR Properties, Ltd.
  386,000   67,745
 
Hosa International, Inc.
  3,700,000   25,971
 
Karce International Holdings Open
  1,336,000   0
#*
Long Well International Holdings, Ltd.
  15,232,000   43,434
 
Mobvista, Inc.
  151,000   83,334
 
My Medicare
  6,950,000   38,649
 
Perennial Energy Holdings, Ltd.
  195,000   88,368
 
Real Gold Mining, Ltd.
  300,500   10,197
#
Shoucheng Holdings, Ltd.
  10,977,600   2,764,852
 
Tech-Pro, Inc.
  43,862,000   72,440
 
Wharf Holdings, Ltd. (The)
  389,000   660,881
TOTAL HONG KONG
      4,425,096
HUNGARY — (0.1%)
*
CIG Pannonia Life Insurance P.L.C., Class A
  164,142   191,713
 
Magyar Telekom Telecommunications P.L.C.
  2,027,412   2,555,679
#*
Opus Global Nyrt
  333,629   263,945
 
Richter Gedeon Nyrt
  114,778   2,655,656
TOTAL HUNGARY
      5,666,993
INDIA — (11.5%)
*
3M India, Ltd.
  3,499   985,751
 
Aarti Drugs, Ltd.
  20,845   483,351
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Aarti Industries, Ltd.
  394,124   $5,207,817
*
Aarti Surfactants, Ltd.
  19,706   64,811
 
ABB India, Ltd.
  1,078   12,905
 
Abbott India, Ltd.
  15,291   3,181,506
*
Accelya Kale Solutions, Ltd.
  3,300   43,198
 
Adani Enterprises, Ltd.
  740,109   1,748,837
 
Adani Gas, Ltd.
  238,654   486,150
*
Adani Green Energy, Ltd.
  799,473   3,645,623
*
Adani Power, Ltd.
  2,993,477   1,413,264
*
Adani Transmissions, Ltd.
  294,027   924,655
*
Aditya Birla Capital, Ltd.
  728,578   529,126
*
Aditya Birla Fashion and Retail, Ltd.
  841,640   1,393,794
 
Advanced Enzyme Technologies, Ltd.
  180,273   456,772
 
Aegis Logistics, Ltd.
  625,092   1,583,963
 
Agro Tech Foods, Ltd.
  73,387   573,154
 
Ahluwalia Contracts India, Ltd.
  24,323   70,359
 
AIA Engineering, Ltd.
  233,090   5,144,674
 
Ajanta Pharma, Ltd.
  183,714   4,016,850
 
Akzo Nobel India, Ltd.
  70,165   1,775,406
 
Alembic Pharmaceuticals, Ltd.
  402,836   5,295,200
 
Alembic, Ltd.
  603,004   638,012
 
Alkyl Amines Chemicals
  25,698   772,689
 
Allcargo Logistics, Ltd.
  383,145   479,464
 
Amara Raja Batteries, Ltd.
  134,869   1,277,702
 
Amber Enterprises India, Ltd.
  9,759   191,634
 
Amrutanjan Health Care, Ltd.
  7,403   42,760
*
Amtek Auto, Ltd.
  217,501   1,499
 
Anant Raj, Ltd.
  459,375   130,418
 
Apar Industries, Ltd.
  80,161   323,462
 
APL Apollo Tubes, Ltd.
  37,779   909,198
 
Apollo Hospitals Enterprise, Ltd.
  414,779   9,331,272
 
Apollo Tyres, Ltd.
  1,591,084   2,296,680
*
Arvind Fashions, Ltd.
  357,004   584,848
 
Arvind, Ltd.
  606,619   231,631
 
Asahi India Glass, Ltd.
  456,696   1,058,930
 
Ashiana Housing, Ltd.
  51,249   41,101
 
Ashok Leyland, Ltd.
  4,777,564   3,102,767
*
Ashoka Buildcon, Ltd.
  369,747   251,060
 
Astral Poly Technik, Ltd.
  165,627   2,141,813
 
AstraZeneca Pharma India, Ltd.
  19,541   874,054
 
Atul, Ltd.
  73,157   4,921,427
 
Automotive Axles, Ltd.
  27,246   187,457
 
Avanti Feeds, Ltd.
  221,475   1,320,316
*
Bajaj Consumer Care, Ltd.
  412,487   969,369
 
Bajaj Electricals, Ltd.
  198,552   1,116,670
*
Bajaj Hindusthan Sugar, Ltd.
  512,261   38,307
 
Bajaj Holdings & Investment, Ltd.
  84,034   2,957,703
 
Balaji Amines, Ltd.
  64,754   490,294
 
Balkrishna Industries, Ltd.
  532,474   9,400,023
 
Balmer Lawrie & Co., Ltd.
  437,492   645,558
 
Balrampur Chini Mills, Ltd.
  957,414   1,607,675
 
Bandhan Bank, Ltd.
  67,331   308,949
*
Bank of Maharashtra
  986,206   160,415
 
Bannari Amman Sugars, Ltd.
  14,297   244,425
 
BASF India, Ltd.
  79,081   1,415,205
 
Bata India, Ltd.
  133,975   2,267,765
 
Bayer CropScience, Ltd.
  7,704   571,076
 
BEML, Ltd.
  69,290   592,528
 
Berger Paints India, Ltd.
  149,965   1,052,593
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
*
BF Utilities, Ltd.
  82,031   $238,577
 
Bhansali Engineering Polymers, Ltd.
  240,584   137,984
 
Bharat Dyanamics, Ltd.
  18,219   93,638
 
Bharat Electronics, Ltd.
  823,398   1,056,653
 
Bharat Forge, Ltd.
  346,767   1,764,008
 
Bharat Heavy Electricals, Ltd.
  4,925,028   2,377,333
 
Bharat Rasayan, Ltd.
  2,844   356,590
*
Bharti Airtel, Ltd.
  915   6,777
 
Birla Corp., Ltd.
  121,705   968,244
*
Birlasoft, Ltd.
  978,184   1,559,095
 
Bliss Gvs Pharma, Ltd.
  354,023   507,230
*
Blue Dart Express, Ltd.
  33,363   914,832
 
Blue Star, Ltd.
  161,021   1,043,258
 
Bodal Chemicals, Ltd.
  82,131   80,820
 
Bombay Dyeing & Manufacturing Co., Ltd.
  364,782   287,733
 
Borosil Renewables, Ltd.
  92,973   95,828
*
Borosil, Ltd.
  119,703   236,806
 
Brigade Enterprises, Ltd.
  366,457   686,358
 
BSE, Ltd.
  74,598   512,793
 
Can Fin Homes, Ltd.
  217,798   1,063,337
*
Canara Bank
  1,368,410   1,859,462
 
Capacit'e Infraprojects, Ltd.
  15,657   19,637
 
Caplin Point Laboratories, Ltd.
  122,099   707,559
 
Carborundum Universal, Ltd.
  352,082   1,163,449
 
Care Ratings, Ltd.
  58,021   328,416
 
Castrol India, Ltd.
  540,366   821,307
 
CCL Products India, Ltd.
  400,185   1,253,121
 
Ceat, Ltd.
  140,017   1,622,613
 
Central Depository Services India, Ltd.
  189,122   883,883
 
Century Plyboards India, Ltd.
  375,426   643,022
 
Century Textiles & Industries, Ltd.
  169,090   693,819
 
Cera Sanitaryware, Ltd.
  30,990   926,905
 
CESC, Ltd.
  378,288   2,775,508
*
CG Power and Industrial Solutions, Ltd.
  288,948   35,891
 
Chambal Fertilizers & Chemicals, Ltd.
  826,842   1,742,723
*
Chennai Petroleum Corp., Ltd.
  216,468   231,218
 
Chennai Super Kings Cricket, Ltd.
  1,658,632   9,354
*
Cholamandalam Financial Holdings, Ltd.
  489,580   2,164,165
 
Cholamandalam Investment and Finance Co., Ltd.
  236,371   638,669
 
City Union Bank, Ltd.
  1,698,638   2,744,612
 
Cochin Shipyard, Ltd.
  43,308   190,262
*
Coffee Day Enterprises, Ltd.
  170,282   49,420
 
Coforge, Ltd.
  102,611   2,642,178
 
Coromandel International, Ltd.
  545,436   5,674,957
*
CreditAccess Grameen, Ltd.
  13,160   90,173
 
CRISIL, Ltd.
  124,017   2,813,428
 
Crompton Greaves Consumer Electricals, Ltd.
  2,886,520   9,479,387
 
Cummins India, Ltd.
  235,271   1,258,481
 
Cyient, Ltd.
  394,638   1,741,254
*
Dalmia Bharat, Ltd.
  292,699   2,973,188
 
DB Corp., Ltd.
  145,116   140,839
*
DCB Bank, Ltd.
  1,115,577   1,157,447
 
DCM Shriram, Ltd.
  274,947   1,248,691
 
Deepak Fertilisers & Petrochemicals Corp., Ltd.
  187,415   401,338
 
Deepak Nitrite, Ltd.
  272,786   2,358,603
 
Delta Corp., Ltd.
  661,802   757,425
 
Dhampur Sugar Mills, Ltd.
  143,432   241,692
 
Dhanuka Agritech, Ltd.
  52,930   560,192
 
Dilip Buildcon, Ltd.
  201,879   752,294
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
*
Dish TV India, Ltd.
  3,416,870   $326,874
 
Dishman Carbogen Amcis, Ltd.
  493,781   1,294,893
 
Dixon Technologies India, Ltd.
  15,729   1,610,204
 
Dr Lal PathLabs, Ltd.
  158,114   3,969,181
 
eClerx Services, Ltd.
  133,748   859,094
 
Edelweiss Financial Services, Ltd.
  1,553,368   1,579,918
*
EID Parry India, Ltd.
  453,574   1,765,546
 
EIH, Ltd.
  971,116   835,481
 
Elgi Equipments, Ltd.
  345,194   732,215
 
Emami, Ltd.
  218,114   698,748
 
Endurance Technologies, Ltd.
  33,286   399,737
 
Engineers India, Ltd.
  1,021,364   878,041
 
Entertainment Network India, Ltd.
  35,167   58,515
 
Eris Lifesciences, Ltd.
  75,063   492,841
 
Escorts, Ltd.
  433,417   6,539,067
 
Essel Propack, Ltd.
  160,818   503,443
 
Excel Industries, Ltd.
  3,403   33,784
 
Exide Industries, Ltd.
  1,268,428   2,631,589
 
FDC, Ltd.
  372,793   1,492,356
*
Federal Bank, Ltd.
  8,823,807   6,334,712
 
Fine Organic Industries, Ltd.
  658   18,668
 
Finolex Cables, Ltd.
  652,835   2,360,465
 
Finolex Industries, Ltd.
  270,735   1,670,337
 
Firstsource Solutions, Ltd.
  1,207,770   787,265
 
Force Motors, Ltd.
  4,465   52,932
*
Fortis Healthcare, Ltd.
  2,456,374   4,538,716
*
Future Enterprises, Ltd.
  456,202   99,103
 
Future Lifestyle Fashions, Ltd.
  141,933   216,413
 
Gabriel India, Ltd.
  373,577   425,059
 
Galaxy Surfactants, Ltd.
  6,246   134,227
 
Garware Technical Fibres, Ltd.
  56,037   1,252,812
 
Gateway Distriparks, Ltd.
  319,402   350,196
 
GE Power India, Ltd.
  3,345   21,595
 
GE T&D India, Ltd.
  196,502   218,182
 
GHCL, Ltd.
  217,036   400,986
 
Gillette India, Ltd.
  15,725   1,055,056
 
GlaxoSmithKline Pharmaceuticals, Ltd.
  12,699   243,978
 
Glenmark Pharmaceuticals, Ltd.
  579,828   3,493,193
 
GMM Pfaudler, Ltd.
  2,017   109,929
*
GMR Infrastructure, Ltd.
  4,090,042   1,191,208
 
GOCL Corp., Ltd.
  4,632   9,523
 
Godfrey Phillips India, Ltd.
  82,653   1,010,350
 
Godrej Industries, Ltd.
  461,873   2,182,769
*
Godrej Properties, Ltd.
  102,573   1,278,028
 
Granules India, Ltd.
  751,239   2,745,733
 
Graphite India, Ltd.
  52,686   116,195
 
Great Eastern Shipping Co., Ltd. (The)
  407,877   1,233,241
*
Greaves Cotton, Ltd.
  583,522   633,366
*
Greenpanel Industries, Ltd.
  223,561   113,657
 
Greenply Industries, Ltd.
  141,049   161,227
 
Grindwell Norton, Ltd.
  105,759   679,340
 
Gujarat Alkalies & Chemicals, Ltd.
  130,161   550,854
 
Gujarat Ambuja Exports, Ltd.
  232,094   517,620
*
Gujarat Fluorochemicals, Ltd.
  224,424   1,225,267
 
Gujarat Gas, Ltd.
  1,401,114   5,463,672
 
Gujarat Industries Power Co., Ltd.
  207,737   192,512
 
Gujarat Mineral Development Corp., Ltd.
  156,962   86,409
 
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.
  232,653   509,467
 
Gujarat Pipavav Port, Ltd.
  1,270,512   1,267,126
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Gujarat State Fertilizers & Chemicals, Ltd.
  444,767   $354,033
 
Gujarat State Petronet, Ltd.
  1,052,584   2,865,841
 
Gulf Oil Lubricants India, Ltd.
  86,122   659,622
 
Hatsun Agro Products, Ltd.
  68,638   605,231
*
HealthCare Global Enterprises, Ltd.
  92,974   156,946
 
HEG, Ltd.
  11,644   113,509
 
HeidelbergCement India, Ltd.
  391,471   970,970
*
Hemisphere Properties India, Ltd.
  216,014   90,304
 
Heritage Foods, Ltd.
  80,360   334,889
 
Hester Biosciences, Ltd.
  11,114   195,739
 
Hexaware Technologies, Ltd.
  781,273   3,991,401
 
HFCL, Ltd.
  3,501,850   580,552
 
HG Infra Engineering Ltd.
  6,179   15,039
 
Hikal, Ltd.
  287,601   596,427
 
HIL, Ltd.
  14,674   243,379
 
Himadri Speciality Chemical, Ltd.
  539,750   308,844
 
Himatsingka Seide, Ltd.
  13,953   11,447
 
Hinduja Global Solutions, Ltd.
  46,310   497,308
*
Hindustan Construction Co., Ltd.
  1,606,341   120,021
*
Hindustan Oil Exploration Co., Ltd.
  265,838   229,061
 
Honda India Power Products, Ltd.
  16,776   225,348
 
Honeywell Automation India, Ltd.
  11,456   4,126,145
*
Housing Development & Infrastructure, Ltd.
  24,864   944
 
Huhtamaki PPL, Ltd.
  138,273   444,979
 
ICICI Securities, Ltd.
  136,551   830,901
 
ICRA, Ltd.
  3,234   109,048
*
IDFC First Bank, Ltd.
  12,262,646   4,357,970
 
IDFC, Ltd.
  5,309,525   1,354,209
*
IFB Industries, Ltd.
  54,221   269,273
*
IFCI, Ltd.
  4,484,391   370,513
 
IIFL Finance, Ltd.
  1,205,216   1,084,017
 
IIFL Securities, Ltd.
  1,040,349   536,703
 
IIFL Wealth Management, Ltd.
  200,472   2,937,305
 
India Cements, Ltd. (The)
  1,409,890   2,106,003
 
India Glycols, Ltd.
  67,908   243,965
 
Indiabulls Housing Finance, Ltd.
  1,474,130   3,718,370
*
Indiabulls Real Estate, Ltd.
  1,513,371   1,031,933
 
Indiabulls Ventures, Ltd.
  898,257   1,376,680
 
Indiabulls Ventures, Ltd.
  152,225   74,208
*
Indian Bank
  958,733   746,254
 
Indian Energy Exchange, Ltd.
  107,781   257,859
 
Indian Hotels Co., Ltd. (The)
  3,216,168   3,273,937
 
Indian Hume Pipe Co., Ltd. (The)
  42,583   94,211
*
Indian Overseas Bank
  3,261,175   449,840
 
Indo Count Industries, Ltd.
  118,915   103,060
 
Indoco Remedies, Ltd.
  205,317   623,629
 
INEOS Styrolution India, Ltd.
  22,220   158,472
 
Infibeam Avenues, Ltd.
  887,661   904,425
 
Inox Leisure, Ltd.
  324,093   1,000,697
*
Intellect Design Arena, Ltd.
  352,089   742,713
 
Ipca Laboratories, Ltd.
  357,492   9,007,689
 
IRB Infrastructure Developers, Ltd.
  992,766   1,599,852
 
IRCON International, Ltd.
  94,785   115,692
 
ITD Cementation India, Ltd.
  280,853   169,894
*
ITI, Ltd.
  77,824   133,183
 
J Kumar Infraprojects, Ltd.
  53,503   68,163
 
Jagran Prakashan, Ltd.
  466,140   237,449
 
Jai Corp., Ltd.
  240,114   278,360
*
Jaiprakash Power Ventures, Ltd.
  15,245,328   446,536
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
*
Jammu & Kashmir Bank, Ltd. (The)
  408,227   $86,559
 
Jamna Auto Industries, Ltd.
  596,709   226,704
 
JB Chemicals & Pharmaceuticals, Ltd.
  189,580   1,858,522
 
Jindal Poly Films, Ltd.
  91,734   456,723
 
Jindal Saw, Ltd.
  771,975   569,430
*
Jindal Stainless Hisar, Ltd.
  336,993   322,308
*
Jindal Stainless, Ltd.
  553,776   262,160
*
Jindal Steel & Power, Ltd.
  2,464,152   6,129,744
 
JK Cement, Ltd.
  153,310   3,067,765
 
JK Lakshmi Cement, Ltd.
  202,821   807,038
 
JK Paper, Ltd.
  419,453   527,964
 
JK Tyre & Industries, Ltd.
  377,147   329,021
 
JM Financial, Ltd.
  1,635,359   1,620,859
 
JMC Projects India, Ltd.
  273,093   162,677
 
Johnson Controls-Hitachi Air Conditioning India, Ltd.
  59,202   1,632,832
 
JSW Energy, Ltd.
  2,320,203   1,422,940
 
JTEKT India, Ltd.
  143,939   118,087
 
Jubilant Foodworks, Ltd.
  445,400   10,284,715
 
Jubilant Life Sciences, Ltd.
  516,215   5,482,691
*
Just Dial, Ltd.
  204,860   1,006,965
 
Jyothy Labs, Ltd.
  607,774   995,154
 
Kajaria Ceramics, Ltd.
  461,680   2,498,667
 
Kalpataru Power Transmission, Ltd.
  263,779   810,424
 
Kalyani Steels, Ltd.
  92,316   266,033
 
Kansai Nerolac Paints, Ltd.
  131,636   763,694
 
Karnataka Bank, Ltd. (The)
  1,204,858   674,348
 
Karur Vysya Bank, Ltd. (The)
  2,371,300   1,088,017
 
Kaveri Seed Co., Ltd.
  217,285   1,749,915
 
KEC International, Ltd.
  451,061   1,644,983
 
KEI Industries, Ltd.
  263,606   1,233,705
 
Kiri Industries, Ltd.
  71,698   470,047
 
Kirloskar Brothers, Ltd.
  1,407   2,483
 
Kirloskar Oil Engines, Ltd.
  257,475   362,176
 
KNR Constructions, Ltd.
  219,067   619,300
 
Kolte-Patil Developers, Ltd.
  36,922   67,872
*
KPIT Technologies, Ltd.
  1,131,802   981,969
 
KPR Mill, Ltd.
  105,973   595,935
 
KRBL, Ltd.
  343,205   1,238,830
 
KSB, Ltd.
  40,851   276,033
 
L&T Finance Holdings, Ltd.
  2,809,850   2,248,108
 
LA Opala RG, Ltd.
  131,747   319,214
 
Lakshmi Machine Works, Ltd.
  18,752   754,289
 
Laurus Labs, Ltd.
  110,867   1,396,259
 
LG Balakrishnan & Bros, Ltd.
  46,615   141,594
 
LIC Housing Finance, Ltd.
  209,903   736,843
*
Linde India, Ltd.
  103,584   867,323
 
LT Foods, Ltd.
  632,306   438,596
 
Lumax Industries, Ltd.
  1,862   30,987
 
LUX Industries, Ltd.
  38,964   588,190
 
Magma Fincorp, Ltd.
  49,866   17,119
 
Mahanagar Gas, Ltd.
  249,267   3,238,234
 
Maharashtra Scooters, Ltd.
  8,849   356,266
 
Maharashtra Seamless, Ltd.
  122,041   321,165
*
Mahindra & Mahindra Financial Services, Ltd.
  646,761   1,125,263
*
Mahindra CIE Automotive, Ltd.
  440,936   640,331
*
Mahindra Holidays & Resorts India, Ltd.
  258,626   548,667
 
Mahindra Lifespace Developers, Ltd.
  136,741   386,875
 
Mahindra Logistics, Ltd.
  13,323   53,275
 
Maithan Alloys, Ltd.
  3,803   21,677
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Majesco, Ltd.
  68,070   $542,905
 
Manappuram Finance, Ltd.
  1,339,448   2,847,576
*
Mangalore Refinery & Petrochemicals, Ltd.
  947,856   460,374
 
Marksans Pharma, Ltd.
  1,386,544   735,971
 
MAS Financial Services, Ltd.
  21,563   184,275
 
Mastek, Ltd.
  49,438   376,855
*
Max Financial Services, Ltd.
  668,286   4,975,275
*
Max India, Ltd.
  802,739   737,152
 
Mayur Uniquoters, Ltd.
  95,841   283,256
 
Meghmani Organics, Ltd.
  550,558   438,354
 
Minda Industries, Ltd.
  318,014   1,201,295
 
Mindtree, Ltd.
  271,568   3,935,136
 
Mishra Dhatu Nigam, Ltd.
  20,660   55,435
 
MOIL, Ltd.
  431,296   818,601
*
Morepen Laboratories, Ltd.
  1,301,310   399,170
 
Motilal Oswal Financial Services, Ltd.
  180,212   1,630,622
 
Mphasis, Ltd.
  548,038   8,412,120
 
Multi Commodity Exchange of India, Ltd.
  66,301   1,518,882
*
Muthoot Capital Services, Ltd.
  2,023   9,680
 
Muthoot Finance, Ltd.
  590,812   10,026,718
 
Narayana Hrudayalaya, Ltd.
  222,842   869,005
 
Natco Pharma, Ltd.
  571,116   6,022,368
 
National Aluminium Co., Ltd.
  2,875,022   1,261,622
 
Nava Bharat Ventures, Ltd.
  237,619   146,314
 
Navin Fluorine International, Ltd.
  102,828   2,430,524
 
Navneet Education, Ltd.
  548,077   536,712
 
NBCC India, Ltd.
  1,986,749   617,181
 
NCC, Ltd.
  1,531,780   593,412
 
NESCO, Ltd.
  134,776   786,603
*
Network18 Media & Investments, Ltd.
  627,668   341,493
 
NHPC, Ltd.
  271,593   73,448
 
NIIT, Ltd.
  370,759   479,139
 
Nilkamal, Ltd.
  30,764   506,534
 
NLC India, Ltd.
  664,476   423,346
 
NOCIL, Ltd.
  294,679   414,752
 
NRB Bearings, Ltd.
  199,046   207,743
*
Nucleus Software Exports, Ltd.
  30,339   120,917
 
Oberoi Realty, Ltd.
  399,223   1,848,945
 
Oil India, Ltd.
  1,108,498   1,424,592
 
Omaxe, Ltd.
  255,006   285,679
 
Oracle Financial Services Software, Ltd.
  439   17,199
 
Orient Cement, Ltd.
  417,073   357,571
 
Orient Electric, Ltd.
  347,264   835,140
 
Orient Refractories, Ltd.
  181,847   415,105
 
Oriental Carbon & Chemicals, Ltd.
  13,160   137,473
 
Paisalo Digital, Ltd.
  11,486   49,436
 
Parag Milk Foods, Ltd.
  59,209   66,759
 
Persistent Systems, Ltd.
  248,976   3,059,954
 
Pfizer, Ltd.
  84,560   4,829,451
 
Phillips Carbon Black, Ltd.
  367,071   470,374
 
Phoenix Mills, Ltd. (The)
  350,918   2,887,827
 
PI Industries, Ltd.
  421,722   9,952,757
*
PNB Housing Finance, Ltd.
  238,767   673,227
 
PNC Infratech, Ltd.
  120,036   214,012
 
Poly Medicure, Ltd.
  70,966   367,802
 
Polyplex Corp., Ltd.
  56,807   445,350
 
Power Finance Corp., Ltd.
  72,607   78,641
 
Praj Industries, Ltd.
  374,676   298,687
 
Prestige Estates Projects, Ltd.
  787,009   2,050,955
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Prism Johnson, Ltd.
  631,808   $374,323
*
Procter & Gamble Health, Ltd.
  39,199   2,182,545
 
PSP Projects, Ltd.
  13,842   73,943
 
PTC India Financial Services, Ltd.
  1,361,445   319,328
 
PTC India, Ltd.
  1,046,301   726,292
*
Punjab National Bank
  1,961,074   837,393
 
PVR, Ltd.
  198,104   2,874,391
 
PVR, Ltd.
  14,752   213,858
*
Quess Corp., Ltd.
  89,506   437,498
 
Quick Heal Technologies, Ltd.
  61,689   91,171
 
Radico Khaitan, Ltd.
  389,838   1,922,396
 
Rain Industries Ltd.
  533,678   655,412
 
Rajesh Exports, Ltd.
  298,277   1,819,904
 
Rallis India, Ltd.
  416,176   1,616,294
 
Ramco Cements, Ltd. (The)
  344,618   3,184,791
 
Ramco Industries, Ltd.
  173,438   396,109
 
Ramkrishna Forgings, Ltd.
  9,184   17,763
 
Rashtriya Chemicals & Fertilizers, Ltd.
  863,608   537,438
 
Ratnamani Metals & Tubes, Ltd.
  68,759   969,891
*
Raymond, Ltd.
  189,918   607,531
 
RBL Bank, Ltd.
  1,178,715   2,663,226
 
REC, Ltd.
  331,593   444,385
 
Redington India, Ltd.
  1,647,413   1,995,183
 
Relaxo Footwears, Ltd.
  257,596   2,072,661
*
Reliance Power, Ltd.
  1,696,033   74,715
*
Religare Enterprises, Ltd.
  66,465   32,327
 
Repco Home Finance, Ltd.
  167,309   322,555
*
RP-SG Business Process Services, Ltd.
  6,634   14,911
 
Sadbhav Engineering, Ltd.
  445,132   254,024
 
Sanofi India, Ltd.
  43,758   4,549,871
 
Sasken Technologies, Ltd.
  34,374   249,501
 
Savita Oil Technologies, Ltd.
  1,482   12,600
 
Schaeffler India, Ltd.
  38,929   1,854,848
*
Schneider Electric Infrastructure, Ltd.
  59,047   57,940
 
Security & Intelligence Services India, Ltd.
  1,632   7,878
 
Sequent Scientific, Ltd.
  244,159   399,247
 
Sharda Cropchem, Ltd.
  97,276   377,795
*
Sheela Foam, Ltd.
  4,860   91,430
 
Shilpa Medicare, Ltd.
  123,440   922,118
*
Shipping Corp. of India, Ltd.
  706,692   508,254
 
Shoppers Stop, Ltd.
  76,321   161,200
 
Shriram City Union Finance, Ltd.
  64,781   568,259
 
Shriram Transport Finance Co., Ltd.
  105,791   975,927
 
Shriram Transport Finance Co., Ltd.
  12,206   112,985
 
SKF India, Ltd.
  118,961   2,336,935
 
SML ISUZU, Ltd.
  1,836   9,741
 
Sobha, Ltd.
  313,657   918,851
 
Solar Industries India, Ltd.
  141,773   1,885,422
 
Solara Active Pharma Sciences, Ltd.
  9,569   98,141
*
Somany Home Innovation, Ltd.
  230,605   220,961
 
Sonata Software, Ltd.
  235,413   832,831
 
South Indian Bank, Ltd. (The)
  5,943,539   550,501
 
SRF, Ltd.
  111,808   5,649,558
 
Srikalahasthi Pipes, Ltd.
  103,918   251,989
 
Star Cement, Ltd.
  205,348   243,448
 
Steel Authority of India, Ltd.
  4,094,869   1,872,322
 
Sterlite Technologies, Ltd.
  622,653   1,014,426
 
Strides Pharma Science, Ltd.
  330,249   1,925,387
 
Subros, Ltd.
  130,852   313,528
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Sudarshan Chemical Industries
  126,797   $694,078
*
Sumitomo Chemical India, Ltd.
  124,491   445,438
 
Sun TV Network, Ltd.
  524,024   2,708,344
 
Sundaram Finance Holdings, Ltd.
  54,598   34,279
 
Sundaram Finance, Ltd.
  68,586   1,164,232
 
Sundaram-Clayton, Ltd.
  6,812   141,599
 
Sundram Fasteners, Ltd.
  381,569   2,121,852
 
Sunteck Realty, Ltd.
  301,891   745,660
 
Suprajit Engineering, Ltd.
  222,958   453,243
 
Supreme Industries, Ltd.
  277,706   4,783,498
 
Supreme Petrochem, Ltd.
  165,945   400,860
*
Suven Pharmaceuticals, Ltd.
  437,090   3,653,061
*
Suzlon Energy, Ltd.
  10,013,342   582,577
 
Swan Energy, Ltd.
  76,621   135,760
 
Swaraj Engines, Ltd.
  28,164   508,609
 
Symphony, Ltd.
  72,354   817,082
 
Syngene International, Ltd.
  503,550   3,275,199
 
TAKE Solutions, Ltd.
  107,303   60,974
 
Tanla Solutions, Ltd.
  39,397   61,863
 
Tasty Bite Eatables, Ltd.
  629   100,602
 
Tata Chemicals, Ltd.
  395,329   1,621,503
 
Tata Communications, Ltd.
  233,493   2,373,372
 
Tata Consumer Products, Ltd.
  2,794,102   15,959,107
 
Tata Elxsi, Ltd.
  107,644   1,352,960
 
Tata Metaliks, Ltd.
  72,311   473,900
 
Tata Power Co., Ltd. (The)
  4,443,162   2,893,501
*
Tata Sponge Iron, Ltd.
  89,626   311,466
*
Tata Steel BSL, Ltd.
  85,559   25,375
 
TCI Express, Ltd.
  104,137   979,435
*
Techno Electric & Engineering Co., Ltd.
  237,484   567,793
 
Texmaco Rail & Engineering, Ltd.
  63,946   22,306
 
Thermax, Ltd.
  183,536   1,827,454
 
Thomas Cook India, Ltd.
  54,020   21,077
 
Thyrocare Technologies, Ltd.
  71,460   670,428
 
Tide Water Oil Co India, Ltd.
  7,147   405,340
 
Time Technoplast, Ltd.
  503,210   246,457
 
Timken India, Ltd.
  153,027   1,980,070
 
Tinplate Co. of India, Ltd. (The)
  183,727   321,005
 
Torrent Power, Ltd.
  938,809   4,095,368
 
Transport Corp. of India, Ltd.
  184,933   423,911
 
Trent, Ltd.
  449,150   3,340,694
 
Trident, Ltd.
  6,329,229   566,040
 
Triveni Engineering & Industries, Ltd.
  406,993   294,847
 
Triveni Turbine, Ltd.
  426,083   355,904
 
TTK Prestige, Ltd.
  28,637   2,252,254
 
Tube Investments of India, Ltd.
  552,438   3,780,519
 
TV Today Network, Ltd.
  137,361   373,986
*
TV18 Broadcast, Ltd.
  3,229,998   1,441,882
 
TVS Srichakra, Ltd.
  12,965   247,010
*
UCO Bank
  2,632,442   491,223
 
Uflex, Ltd.
  192,417   680,745
 
Unichem Laboratories, Ltd.
  188,529   594,609
*
Union Bank of India
  2,478,329   959,732
*
Usha Martin, Ltd.
  50,166   12,436
*
VA Tech Wabag, Ltd.
  123,701   188,238
 
Vaibhav Global, Ltd.
  62,500   1,113,925
 
Vakrangee, Ltd.
  737,146   276,655
 
Vardhman Textiles, Ltd.
  121,297   1,080,296
 
Varroc Engineering, Ltd.
  13,628   35,911
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Varun Beverages, Ltd.
  87,082   $823,673
 
Venky's India, Ltd.
  21,527   299,696
*
Vesuvius India, Ltd.
  9,930   114,909
 
V-Guard Industries, Ltd.
  746,187   1,621,740
 
Vinati Organics, Ltd.
  153,936   2,010,564
 
Vindhya Telelinks, Ltd.
  15,392   133,919
 
VIP Industries, Ltd.
  236,999   852,495
 
V-Mart Retail, Ltd.
  40,820   980,972
*
Vodafone Idea, Ltd.
  26,426,231   2,955,875
 
Voltas, Ltd.
  232,681   1,853,061
 
VRL Logistics, Ltd.
  161,373   316,487
 
VST Industries, Ltd.
  31,079   1,353,157
 
VST Tillers Tractors, Ltd.
  13,719   247,260
 
WABCO India, Ltd.
  28,222   2,617,055
 
Welspun Corp., Ltd.
  565,790   663,346
 
Welspun Enterprises, Ltd.
  379,152   283,840
 
Welspun India, Ltd.
  2,056,514   1,076,591
 
West Coast Paper Mills, Ltd.
  142,023   326,265
*
Westlife Development Ltd.
  15,971   76,944
 
Wheels India, Ltd.
  3,448   18,851
 
Whirlpool of India, Ltd.
  71,984   2,000,581
*
Wockhardt, Ltd.
  169,050   624,246
 
Yes Bank, Ltd.
  237,637   38,268
 
Zee Entertainment Enterprises, Ltd.
  443,456   819,695
 
Zensar Technologies, Ltd.
  428,453   917,465
 
Zydus Wellness, Ltd.
  12,328   263,587
TOTAL INDIA
      604,651,801
INDONESIA — (1.8%)
*
Ace Hardware Indonesia Tbk PT
  19,988,600   2,395,249
 
Adhi Karya Persero Tbk PT
  12,074,188   497,995
*
Adi Sarana Armada Tbk PT
  4,074,600   150,336
*
Agung Podomoro Land Tbk PT
  21,416,000   172,408
 
AKR Corporindo Tbk PT
  11,345,800   2,246,632
*
Alam Sutera Realty Tbk PT
  87,354,800   737,395
 
Aneka Tambang Tbk
  52,635,591   2,638,780
*
Armidian Karyatama Tbk PT
  844,800   1,085
 
Arwana Citramulia Tbk PT
  26,955,300   777,787
 
Asahimas Flat Glass Tbk PT
  978,600   181,874
 
Astra Agro Lestari Tbk PT
  2,689,800   1,793,905
 
Astra Otoparts Tbk PT
  3,767,800   224,788
*
Astrindo Nusantara Infrastructure Tbk PT
  99,399,300   340,409
*
Asuransi Kresna Mitra Tbk PT
  9,131,000   731,749
*
Bakrie Telecom Tbk PT
  49,756,298   31,950
 
Bank BTPN Syariah Tbk PT
  471,600   111,836
*
Bank Bukopin Tbk
  65,090,992   797,022
*
Bank Capital Indonesia Tbk PT
  1,152,700   33,448
*
Bank Ina Perdana PT
  6,723,800   405,829
 
Bank Maybank Indonesia Tbk PT
  6,897,100   93,740
*
Bank Nationalnobu Tbk PT
  715,800   35,749
*
Bank Pan Indonesia Tbk PT
  20,706,900   1,144,724
 
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT
  18,054,800   1,157,651
 
Bank Pembangunan Daerah Jawa Timur Tbk PT
  22,865,600   860,876
*
Bank Permata Tbk PT
  2,999,502   261,256
 
Bank Tabungan Negara Persero Tbk PT
  13,260,349   1,157,003
*
Barito Pacific Tbk PT
  36,108,600   2,362,567
*
Bekasi Fajar Industrial Estate Tbk PT
  27,870,100   236,260
 
BFI Finance Indonesia Tbk PT
  982,300   19,558
*
Bintang Oto Global Tbk PT
  10,495,500   1,005,850
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDONESIA — (Continued)
 
BISI International Tbk PT
  13,580,000   $780,860
 
Blue Bird Tbk PT
  1,134,900   86,716
*
Buana Lintas Lautan Tbk PT
  11,680,600   258,923
 
Bukit Asam Tbk PT
  4,153,700   580,849
*
Bumi Serpong Damai Tbk PT
  8,681,300   412,266
*
Bumi Teknokultura Unggul Tbk PT
  65,924,600   225,543
 
Buyung Poetra Sembada PT
  1,131,500   52,738
*
Capital Financial Indonesia Tbk PT
  3,997,500   107,901
 
Catur Sentosa Adiprana Tbk PT
  2,986,100   67,373
 
Cikarang Listrindo Tbk PT
  662,200   29,754
 
Ciputra Development Tbk PT
  69,552,020   3,131,587
*
Citra Marga Nusaphala Persada Tbk PT
  12,052,502   820,135
*
City Retail Developments Tbk PT
  12,056,400   121,857
 
Davomas Abadi Tbk PT
  11,631,700   0
*
Delta Dunia Makmur Tbk PT
  34,025,400   606,378
 
Dharma Satya Nusantara Tbk PT
  2,071,600   51,897
*
Eagle High Plantations Tbk PT
  73,000,000   598,183
 
Elnusa Tbk PT
  19,970,400   311,668
*
Erajaya Swasembada Tbk PT
  9,247,900   930,890
*
Gajah Tunggal Tbk PT
  12,020,200   445,500
*
Garuda Indonesia Persero Tbk PT
  26,078,149   435,066
*
Global Mediacom Tbk PT
  54,165,900   792,584
*
Hanson International Tbk PT
  483,480,300   1,241,816
*
Harum Energy Tbk PT
  4,487,300   363,523
 
Hexindo Adiperkasa Tbk PT
  508,500   117,889
 
Impack Pratama Industri Tbk PT
  169,800   14,721
 
Indah Kiat Pulp & Paper Corp. Tbk PT
  1,037,400   556,657
 
Indika Energy Tbk PT
  11,105,700   748,384
 
Indo Tambangraya Megah Tbk PT
  2,484,200   1,352,008
 
Indo-Rama Synthetics Tbk PT
  130,400   21,428
*
Indosat Tbk PT
  7,020,700   1,108,855
*
Industri dan Perdagangan Bintraco Dharma Tbk PT
  15,439,900   52,361
 
Industri Jamu Dan Farmasi Sido Muncul Tbk PT
  19,893,800   1,774,134
*
Inovisi Infracom Tbk PT
  1,806,467   0
*
Integra Indocabinet Tbk PT
  2,097,900   54,433
*
Inti Agri Resources Tbk PT
  92,782,800   238,312
*
Intikeramik Alamasri Industri Tbk PT
  49,022,007   167,864
*
Intiland Development Tbk PT
  65,614,332   801,517
 
Japfa Comfeed Indonesia Tbk PT
  21,875,500   1,596,585
 
Jaya Real Property Tbk PT
  16,334,800   461,830
 
Kapuas Prima Coal Tbk PT
  44,252,100   443,075
*
Kawasan Industri Jababeka Tbk PT
  137,328,857   1,487,498
 
KMI Wire & Cable Tbk PT
  11,437,500   298,309
*
Krakatau Steel Persero Tbk PT
  29,436,502   767,707
*
Kresna Graha Investama Tbk PT
  81,620,200   602,788
 
Link Net Tbk PT
  6,400,400   830,662
*
Lippo Cikarang Tbk PT
  12,619,565   707,616
*
Lippo Karawaci Tbk PT
  314,090,240   2,964,289
*
Mahkota Group Tbk PT
  374,000   20,001
 
Malindo Feedmill Tbk PT
  5,634,300   236,962
*
Matahari Department Store Tbk PT
  13,472,500   1,200,947
*
Medco Energi Internasional Tbk PT
  37,410,933   1,198,276
 
Media Nusantara Citra Tbk PT
  26,755,700   1,504,737
 
Metrodata Electronics Tbk PT
  4,179,400   412,627
*
Metropolitan Kentjana Tbk PT
  7,900   7,954
*
Mitra Adiperkasa Tbk PT
  52,516,000   2,454,553
*
MNC Investama Tbk PT
  193,556,400   662,872
*
MNC Land Tbk PT
  27,565,800   202,306
*
MNC Sky Vision Tbk PT
  1,494,300   116,279
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
INDONESIA — (Continued)
*
Modernland Realty Tbk PT
  28,316,900   $100,498
*
Multipolar Tbk PT
  4,180,900   14,910
 
Nippon Indosari Corpindo Tbk PT
  17,016,689   1,439,814
 
Pabrik Kertas Tjiwi Kimia Tbk PT
  1,077,100   499,996
*
Pacific Strategic Financial Tbk PT
  30,940,900   1,768,365
 
Pan Brothers Tbk PT
  27,884,400   476,330
*
Panin Financial Tbk PT
  115,391,400   1,464,902
*
Paninvest Tbk PT
  9,167,900   459,238
*
Pelayaran Tamarin Samudra Tbk PT
  46,565,800   175,035
 
Perusahaan Gas Negara Tbk PT
  5,360,100   465,951
 
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT
  19,472,800   1,326,071
*
Pool Advista Indonesia Tbk PT
  10,473,500   35,868
 
PP Persero Tbk PT
  20,538,314   1,376,742
 
Puradelta Lestari Tbk PT
  52,609,700   795,246
 
Ramayana Lestari Sentosa Tbk PT
  17,909,100   691,563
*
Resource Alam Indonesia Tbk PT
  1,487,400   21,293
*
Rimo International Lestari Tbk PT
  211,251,900   542,599
*
Salim Ivomas Pratama Tbk PT
  26,385,800   581,271
 
Samindo Resources Tbk PT
  106,600   8,227
*
Sampoerna Agro Tbk PT
  5,146,100   630,950
*
Sariguna Primatirta Tbk PT
  4,236,700   149,629
 
Sawit Sumbermas Sarana Tbk PT
  23,837,500   1,338,397
*
Sekawan Intipratama Tbk PT
  9,367,900   0
 
Selamat Sempurna Tbk PT
  16,767,700   1,473,388
*
Semen Baturaja Persero Tbk PT
  11,790,900   397,835
*
Sentul City Tbk PT
  79,424,100   272,045
*
Siloam International Hospitals Tbk PT
  2,174,950   702,332
 
Sinar Mas Agro Resources & Technology Tbk PT
  1,037,460   213,404
*
Sitara Propertindo Tbk PT
  38,971,700   202,867
 
Sri Rejeki Isman Tbk PT
  71,395,531   963,325
*
Sugih Energy Tbk PT
  100,457,800   64,506
 
Summarecon Agung Tbk PT
  58,327,464   2,409,342
 
Surabaya Agung Industri Pulp & Kertas
  64,500   0
 
Surya Citra Media Tbk PT
  15,416,600   1,359,264
*
Surya Esa Perkasa Tbk PT
  26,503,400   280,754
 
Surya Pertiwi Tbk PT
  1,435,000   45,904
 
Surya Semesta Internusa Tbk PT
  29,482,200   761,965
*
Suryainti Permata Tbk PT
  7,252,000   0
 
Tempo Scan Pacific Tbk PT
  1,861,700   176,495
*
Tiga Pilar Sejahtera Food Tbk
  19,238,200   41,507
*
Timah Tbk PT
  18,874,314   987,605
*
Totalindo Eka Persada Tbk PT
  2,364,000   8,096
*
Trada Alam Minera Tbk PT
  180,020,800   462,382
 
Transcoal Pacific Tbk PT
  66,400   17,828
 
Trias Sentosa Tbk PT
  33,232,900   880,249
*
Truba Alam Manuggal Engineering PT
  21,316,500   0
 
Tunas Baru Lampung Tbk PT
  18,563,700   931,501
 
Tunas Ridean Tbk PT
  6,994,500   668,139
 
Ultrajaya Milk Industry & Trading Co. Tbk PT
  16,685,400   1,858,185
 
Unggul Indah Cahaya Tbk PT
  48,239   12,275
*
Visi Media Asia Tbk PT
  43,917,151   150,528
 
Waskita Beton Precast Tbk PT
  62,185,500   847,597
 
Waskita Karya Persero Tbk PT
  26,416,700   1,136,520
 
Wijaya Karya Bangunan Gedung Tbk PT
  9,746,500   130,094
 
Wijaya Karya Beton Tbk PT
  23,021,600   433,266
 
Wijaya Karya Persero Tbk PT
  19,738,007   1,613,743
TOTAL INDONESIA
      94,111,990
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
MALAYSIA — (2.3%)
#
Duopharma Biotech Bhd
  1,063,856   $660,413
#
7-Eleven Malaysia Holdings Bhd, Class B
  2,782,485   888,775
#
Aeon Co. M Bhd
  3,137,100   626,962
#
AEON Credit Service M Bhd
  464,000   1,008,148
#*
AFFIN Bank Bhd
  1,837,164   700,457
#*
AirAsia Group Bhd
  5,873,600   891,319
*
AirAsia X Bhd
  14,207,300   237,651
 
Ajinomoto Malaysia Bhd
  73,700   264,440
 
Alliance Bank Malaysia Bhd
  4,354,800   2,203,038
 
Allianz Malaysia Bhd
  181,500   573,848
#*
Ann Joo Resources Bhd
  840,150   137,109
 
APM Automotive Holdings Bhd
  103,800   41,035
 
Astro Malaysia Holdings Bhd
  645,700   121,647
 
ATA IMS Bhd
  211,100   61,226
*
Bahvest Resources Bhd
  549,500   63,344
 
Batu Kawan Bhd
  5,600   20,227
#*
Berjaya Assets Bhd
  3,218,600   208,136
*
Berjaya Corp. Bhd
  19,621,727   990,383
*
Berjaya Land Bhd
  3,396,100   152,401
 
Berjaya Sports Toto Bhd
  4,057,967   2,013,787
#*
BerMaz Motor Sdn Bhd
  4,002,800   1,332,033
 
BIMB Holdings Bhd
  197,308   158,997
 
Bintulu Port Holdings Bhd
  25,900   24,506
#*
Boustead Holdings Bhd
  2,115,528   315,994
 
Boustead Plantations Bhd
  622,199   55,876
#
British American Tobacco Malaysia Bhd
  375,300   950,591
*
Bumi Armada Bhd
  12,538,800   672,881
 
Bursa Malaysia Bhd
  2,595,700   5,690,222
*
Cahya Mata Sarawak Bhd
  2,931,700   1,198,071
 
Carlsberg Brewery Malaysia Bhd, Class B
  752,900   4,495,855
 
Carotech Bhd
  230,650   0
 
CB Industrial Product Holding Bhd
  885,740   187,125
 
Chin Teck Plantations BHD
  33,000   46,753
*
Coastal Contracts Bhd
  45,266   6,940
 
CSC Steel Holdings Bhd
  353,800   70,774
*
Cypark Resources Bhd
  1,185,250   261,496
 
D&O Green Technologies Bhd
  3,307,800   670,292
 
Dagang NeXchange Bhd
  2,019,400   119,517
#
Datasonic Group Bhd
  2,886,800   956,873
#*
Dayang Enterprise Holdings Bhd
  1,552,175   424,582
 
DRB-Hicom Bhd
  3,367,800   1,520,656
 
Dufu Technology Corp. Bhd
  93,300   155,135
 
Dutch Lady Milk Industries Bhd
  107,100   1,017,057
 
Eastern & Oriental Bhd
  2,194,307   209,206
#*
Eco World Development Group Bhd
  4,569,600   471,324
#*
Eco World International Bhd
  872,100   92,676
 
Econpile Holdings Bhd
  286,900   42,857
#
Ekovest BHD
  6,010,550   728,438
 
FAR East Holdings BHD
  258,300   157,936
 
FGV Holdings Bhd
  7,197,600   2,045,453
 
Formosa Prosonic Industries BHD
  143,000   48,068
 
Frontken Corp. Bhd
  2,292,300   1,913,781
 
Gabungan AQRS Bhd
  1,689,710   338,717
 
Gadang Holdings Bhd
  2,350,400   244,027
#
Gas Malaysia Bhd
  917,800   592,036
 
George Kent Malaysia Bhd
  1,061,800   170,951
 
Globetronics Technology Bhd
  2,762,772   1,673,640
 
Glomac Bhd
  1,421,770   93,680
 
Golden Plus Holding Bhd
  216,000   0
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
MALAYSIA — (Continued)
#
Guan Chong Bhd
  995,200   $731,857
 
GuocoLand Malaysia Bhd
  918,400   107,157
 
Hai-O Enterprise Bhd
  1,029,820   449,911
 
HAP Seng Consolidated Bhd
  859,540   1,817,004
 
Hap Seng Plantations Holdings Bhd
  301,400   115,225
 
Heineken Malaysia Bhd
  414,200   2,211,019
#*
Hengyuan Refining Co. Bhd
  647,800   462,269
 
HeveaBoard Bhd
  1,449,100   140,694
 
Hiap Teck Venture Bhd
  3,287,000   121,705
#*
Hibiscus Petroleum Bhd
  5,289,200   753,616
 
Hong Leong Industries Bhd
  466,900   871,374
*
HSS Engineers Bhd
  142,700   18,391
 
Hup Seng Industries Bhd
  1,442,533   317,009
 
IGB Bhd
  654,465   412,369
 
IJM Plantations Bhd
  651,100   274,247
#
Inari Amertron Bhd
  6,028,545   3,057,102
 
Inch Kenneth Kajang Rubber P.L.C.
  528,400   58,589
 
Insas Bhd
  2,473,881   461,903
*
Iris Corp. Bhd
  7,204,700   546,601
#*
Iskandar Waterfront City Bhd
  2,823,500   407,320
#*
JAKS Resources Bhd
  2,787,100   510,215
#*
Jaya Tiasa Holdings Bhd
  1,574,827   222,011
 
JHM Consolidation Bhd
  1,456,900   531,971
 
Johore Tin Bhd
  232,200   72,625
 
Keck Seng Malaysia Bhd
  508,450   455,151
 
Kerjaya Prospek Group Bhd
  1,621,080   406,956
 
Kim Loong Resources Bhd
  933,780   307,399
#*
KNM Group Bhd
  11,457,580   600,031
 
KPJ Healthcare Bhd
  12,687,900   2,355,383
*
Kretam Holdings Bhd
  3,289,200   376,484
 
Kronologi Asia Bhd
  1,550,300   209,693
#*
KSL Holdings Bhd
  1,412,318   187,506
 
Kumpulan Fima BHD
  399,650   152,441
 
Land & General Bhd
  8,564,960   213,902
*
Landmarks Bhd
  140,500   8,118
#
LBS Bina Group Bhd
  3,767,616   319,409
 
Lii Hen Industries Bhd
  404,300   266,744
 
Lingkaran Trans Kota Holdings Bhd
  812,400   769,848
 
Lotte Chemical Titan Holding Bhd
  1,472,200   699,347
 
LPI Capital Bhd
  352,624   1,114,423
 
Magni-Tech Industries Bhd
  861,533   429,844
#
Magnum Bhd
  3,965,700   1,993,669
#
Mah Sing Group Bhd
  5,444,587   839,901
 
Malakoff Corp. Bhd
  6,283,300   1,410,241
#
Malayan Flour Mills Bhd
  2,753,275   352,002
 
Malaysia Building Society Bhd
  7,430,883   939,830
 
Malaysian Pacific Industries Bhd
  564,813   1,755,239
 
Malaysian Resources Corp. Bhd
  9,869,198   1,307,550
#
Matrix Concepts Holdings Bhd
  2,782,558   1,110,542
 
MBM Resources BHD
  776,996   566,659
#
Media Chinese International, Ltd.
  3,621,600   123,839
#
Mega First Corp. Bhd
  1,246,900   1,974,168
#
MKH Bhd
  1,994,534   612,400
#
MMC Corp. Bhd
  2,237,400   374,413
#
MNRB Holdings Bhd
  1,697,588   333,777
#*
MPHB Capital Bhd
  1,429,100   273,303
 
Muda Holdings Bhd
  520,200   203,395
 
Muhibbah Engineering M Bhd
  1,407,050   283,769
*
Mulpha International Bhd
  905,830   314,676
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
MALAYSIA — (Continued)
 
My EG Services Bhd
  2,779,200   $883,817
#
NTPM Holdings Bhd
  640,000   89,592
*
OCK Group Bhd
  1,777,900   217,351
 
Oriental Holdings BHD
  679,900   856,751
#
OSK Holdings Bhd
  6,921,555   1,275,207
 
Padini Holdings Bhd
  1,981,800   998,333
 
Panasonic Manufacturing Malaysia Bhd
  45,084   329,202
 
Pantech Group Holdings Bhd
  1,833,819   158,566
#
Paramount Corp. Bhd
  1,237,355   244,673
 
Pentamaster Corp. Bhd
  1,528,310   2,317,749
*
PESTECH International Bhd
  190,000   38,310
#
Petron Malaysia Refining & Marketing Bhd
  389,000   343,242
 
PIE Industrial Bhd
  613,700   221,386
#
Pos Malaysia Bhd
  1,775,900   414,692
 
Power Root Bhd
  150,600   77,792
 
QL Resources Bhd
  176,959   407,023
#
Ranhill Holdings Bhd
  1,783,460   394,293
 
RCE Capital Bhd
  72,500   32,504
 
RGB International Bhd
  1,303,514   49,464
 
Sam Engineering & Equipment M Bhd
  154,700   264,795
*
Sapura Energy Bhd
  37,991,700   862,949
 
Sarawak Oil Palms Bhd
  906,704   766,671
#
Scientex Bhd
  1,340,024   2,882,310
#
SEG International BHD
  145,885   20,655
 
Serba Dinamik Holdings Bhd
  809,100   312,186
 
Shangri-La Hotels Malaysia Bhd
  406,900   398,942
#
Sime Darby Property Bhd
  4,847,500   714,852
 
SKP Resources Bhd
  2,640,600   877,684
 
SP Setia Bhd Group
  3,125,400   570,943
*
Sumatec Resources Bhd
  6,536,100   2,929
 
Sunway Construction Group Bhd
  1,816,936   815,308
 
Suria Capital Holdings Bhd
  613,860   136,472
#
Syarikat Takaful Malaysia Keluarga Bhd
  1,315,500   1,497,740
#
Ta Ann Holdings Bhd
  1,451,789   974,501
#
TA Enterprise Bhd
  7,112,300   1,025,651
 
TA Global Bhd
  6,756,640   422,819
#
Taliworks Corp. Bhd
  2,920,816   589,772
#
Tan Chong Motor Holdings Bhd
  813,500   198,073
 
Thong Guan Industries Bhd
  245,000   272,467
 
TIME dotCom Bhd
  1,038,888   2,675,348
 
TMC Life Sciences Bhd
  1,213,500   147,921
#*
Tropicana Corp. Bhd
  3,615,107   767,775
*
TSH Resources Bhd
  2,552,300   625,770
*
Tune Protect Group Bhd
  2,111,800   137,087
#
Uchi Technologies Bhd
  1,592,600   962,852
#
UEM Edgenta Bhd
  1,678,400   887,281
*
UEM Sunrise Bhd
  6,951,100   700,520
 
UMW Holdings Bhd
  1,221,300   709,463
 
Unisem M Bhd
  97,800   63,849
#
United Malacca Bhd
  466,350   502,343
 
United Plantations Bhd
  722,600   2,383,242
 
UOA Development Bhd
  4,419,700   1,606,955
*
Velesto Energy Bhd
  14,366,808   479,906
 
ViTrox Corp. Bhd
  515,500   1,499,511
*
Vivocom International Holdings Bhd
  5,070,832   35,889
*
Vizione Holdings Bhd
  456,528   41,964
 
VS Industry Bhd
  6,029,637   1,991,423
 
Wah Seong Corp. Bhd
  545,777   63,859
#*
WCT Holdings Bhd
  4,151,154   460,597
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
MALAYSIA — (Continued)
#
Wellcall Holdings Bhd
  2,274,600   $431,308
 
Widad Group Bhd
  767,800   90,327
 
Yinson Holdings Bhd
  629,600   932,995
#*
YNH Property Bhd
  3,295,516   2,133,299
 
YTL Corp. Bhd
  103,610   19,092
 
YTL Power International Bhd
  595,300   99,215
TOTAL MALAYSIA
      122,741,055
MEXICO — (2.3%)
#
ALEATICA S.A.B. de C.V.
  228,600   207,491
 
Alfa S.A.B. de C.V., Class A
  858,225   465,844
#
Alpek S.A.B. de C.V.
  2,437,309   1,905,602
#*
Alsea S.A.B. de C.V.
  2,533,365   2,467,911
*
Axtel S.A.B. de C.V.
  7,545,013   1,929,055
#*
Banco del Bajio SA
  3,839,285   2,967,230
*
Bio Pappel S.A.B. de C.V.
  93,031   66,884
#
Bolsa Mexicana de Valores S.A.B. de C.V.
  3,224,234   6,544,087
*
CMR S.A.B. de C.V.
  1,323   149
*
Consorcio ARA S.A.B. de C.V.
  6,708,507   810,869
#*
Controladora Vuela Cia de Aviacion S.A.B. de C.V., ADR
  160,357   886,774
#*
Controladora Vuela Cia de Aviacion S.A.B. de C.V., Class A
  2,046,089   1,125,326
*
Corp Interamericana de Entretenimiento S.A.B. de C.V., Class B
  960,372   196,994
#
Corp. Actinver S.A.B. de C.V.
  198,770   80,383
#
Corp. Inmobiliaria Vesta S.A.B. de C.V.
  4,658,829   7,006,561
 
Corp. Moctezuma S.A.B. de C.V.
  880,024   1,858,509
 
Corporativo Fragua S.A.B. de C.V.
  3   30
*
Corporativo GBM S.A.B. de C.V.
  24,619   8,712
 
Corpovael S.A. de C.V.
  73,341   22,343
*
Credito Real S.A.B. de C.V. SOFOM ER
  1,689,510   967,170
 
Cydsa S.A.B. de C.V.
  10,875   9,480
#*
Elementia S.A.B. de C.V.
  642,287   187,592
#*
Empresas ICA S.A.B. de C.V.
  3,768,186   15,897
*
Financiera Independencia S.A.B. de C.V. SOFOM ENR
  3,187   1,058
*
Genomma Lab Internacional S.A.B. de C.V., Class B
  5,707,156   6,072,588
#*
Gentera S.A.B. de C.V.
  7,212,946   2,528,015
#*
Grupo Aeromexico S.A.B. de C.V.
  1,491,769   325,099
*
Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
  2,172,291   9,063,007
 
Grupo Aeroportuario del Sureste S.A.B. de C.V., ADR
  5,821   581,110
#
Grupo Cementos de Chihuahua S.A.B. de C.V.
  1,135,058   5,390,952
#
Grupo Comercial Chedraui S.A. de C.V.
  2,374,381   2,789,938
#*
Grupo GICSA SAB de CV
  2,528,781   370,426
#
Grupo Herdez S.A.B. de C.V.
  1,730,280   2,635,655
*
Grupo Hotelero Santa Fe S.A.B. de C.V.
  618,935   111,244
#*
Grupo Industrial Saltillo S.A.B. de C.V.
  1,098,605   788,843
#
Grupo KUO S.A.B. de C.V., Class B
  758,658   1,704,126
#
Grupo Lala S.A.B. de C.V.
  1,598,237   863,931
#*
Grupo Pochteca S.A.B. de C.V.
  561,552   170,320
#*
Grupo Posadas S.A.B. de C.V.
  198,900   192,152
*
Grupo Qumma S.A. de C.V., Class B
  105,334   0
#
Grupo Rotoplas S.A.B. de C.V.
  908,829   607,656
 
Grupo Sanborns S.A.B. de C.V.
  905,924   795,813
#
Grupo Simec S.A.B. de C.V., Class B
  1,059,301   2,220,938
*
Grupo Sports World S.A.B. de C.V.
  571,669   314,925
*
Grupo Televisa S.A.B.
  264,346   296,476
#*
Grupo Traxion S.A.B. de C.V.
  317,143   224,444
#*
Hoteles City Express S.A.B. de C.V.
  2,310,267   565,759
 
Industrias Bachoco S.A.B. de C.V., Sponsored ADR
  13,641   489,303
#
Industrias Bachoco S.A.B. de C.V., Class B
  1,262,776   3,722,224
#
Industrias CH S.A.B. de C.V., Class B
  1,861,142   7,233,825
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
MEXICO — (Continued)
#
La Comer S.A.B. de C.V.
  4,097,496   $6,479,033
 
Megacable Holdings S.A.B. de C.V.
  2,955,539   8,842,048
*
Minera Frisco S.A.B. de C.V.
  1,321,757   145,509
#*
Minera Frisco S.A.B. de C.V., Class A1
  2,242,920   403,131
 
Nemak S.A.B. de C.V.
  3,641,622   852,521
#
Orbia Advance Corp. S.A.B. de C.V.
  227,987   361,522
*
Organizacion Cultiba S.A.B. de C.V.
  1,205,623   609,719
#
Organizacion Soriana S.A.B. de C.V., Class B
  348,965   254,334
*
Promotora y Operadora de Infraestructura S.A.B. de C.V.
  760,848   5,577,387
*
Promotora y Operadora de Infraestructura S.A.B. de C.V., Class L
  7,839   38,394
 
Qualitas Controladora S.A.B. de C.V.
  1,397,467   5,655,801
#*
Regional S.A.B. de C.V.
  1,243,825   3,239,366
 
Sanluis Corp. SA B
  4,642   0
 
Sanluis Corp. SA C
  4,642   0
 
SANLUIS RASSINI A
  3,300   0
#*
Telesites S.A.B. de C.V.
  9,454,371   7,005,283
#
TV Azteca S.A.B. de C.V.
  3,673,800   52,164
*
Unifin Financiera S.A.B. de C.V.
  660,150   533,341
*
Vitro S.A.B. de C.V., Class A
  873,467   914,481
TOTAL MEXICO
      120,754,754
PHILIPPINES — (1.0%)
*
8990 Holdings, Inc.
  3,671,200   660,985
 
A Soriano Corp.
  3,054,411   390,478
*
AC Energy Philippines, Inc.
  8,614,000   447,624
 
ACR Mining Corp.
  48,205   3,292
*
AgriNurture, Inc.
  1,481,200   221,536
*
Alliance Global Group, Inc.
  9,526,900   1,107,006
 
Alsons Consolidated Resources, Inc.
  6,120,000   147,583
*
Altus Property Ventures, Inc.
  219,402   63,842
*
Apex Mining Co., Inc.
  5,876,000   175,728
*
Atlas Consolidated Mining & Development Corp.
  1,520,000   83,532
*
AyalaLand Logistics Holdings Corp.
  5,392,000   181,474
 
Belle Corp.
  22,906,400   638,691
 
Bloomberry Resorts Corp.
  17,229,900   2,223,558
 
Cebu Air, Inc.
  1,447,740   1,111,114
 
Cebu Holdings, Inc.
  3,294,900   409,451
*
CEMEX Holdings Philippines, Inc.
  22,140,263   401,611
 
Century Pacific Food, Inc.
  5,201,900   1,534,533
 
Century Properties Group, Inc.
  10,951,151   80,231
 
Chelsea Logistics and Infrastructure Holdings Corp.
  364,500   24,682
 
China Banking Corp.
  7,225,628   2,942,292
 
COL Financial Group, Inc.
  92,200   39,093
 
Cosco Capital, Inc.
  14,699,700   1,464,350
 
D&L Industries, Inc.
  14,701,000   1,378,273
 
DMCI Holdings, Inc.
  9,182,800   666,226
*
DoubleDragon Properties Corp.
  3,815,390   1,242,268
 
Eagle Cement Corp.
  574,500   115,257
*
East West Banking Corp.
  3,697,200   545,306
*
EEI Corp.
  1,547,900   157,356
 
Emperador, Inc.
  5,918,100   1,095,952
*
Empire East Land Holdings, Inc.
  5,367,000   27,016
 
Filinvest Development Corp.
  3,592,622   635,084
 
Filinvest Land, Inc.
  73,224,577   1,297,799
 
First Gen Corp.
  80,300   44,151
 
First Philippine Holdings Corp.
  1,926,860   2,343,887
*
Global Ferronickel Holdings, Inc.
  9,847,911   222,052
*
Global-Estate Resorts, Inc.
  2,410,000   38,681
 
GT Capital Holdings, Inc.
  20,190   181,110
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
PHILIPPINES — (Continued)
*
Holcim Philippines, Inc.
  2,082,100   $204,004
*
Integrated Micro-Electronics, Inc.
  3,675,014   347,497
*
Leisure & Resorts World Corp.
  1,026,640   24,612
 
Lopez Holdings Corp.
  8,974,000   428,128
 
LT Group, Inc.
  776,900   119,041
*
MacroAsia Corp.
  1,806,860   195,734
 
Manila Water Co., Inc.
  7,255,700   1,894,354
 
Max's Group, Inc.
  1,148,900   109,299
 
Megawide Construction Corp.
  4,340,308   606,050
 
Megaworld Corp.
  479,000   29,307
 
METRO PACIFIC Corp. COM
  1,827,193   0
 
Metro Pacific Investments Corp.
  519,000   33,084
 
Nickel Asia Corp.
  16,192,600   856,873
 
Petron Corp.
  14,716,800   931,848
 
Philex Mining Corp.
  5,473,700   358,405
*
Philippine National Bank
  2,534,226   1,022,445
*
Philippine National Construction Corp.
  173,000   3,235
 
Philippine Savings Bank
  493,077   481,437
*
Philippine Stock Exchange, Inc. (The)
  120,992   379,758
 
Philippine Townships, Inc.
  318,732   0
 
Philtown Properties, Inc.
  111,562   0
 
Phoenix Petroleum Philippines, Inc.
  1,893,180   439,009
*
Pilipinas Shell Petroleum Corp.
  1,463,690   520,369
 
Premium Leisure Corp.
  22,757,000   138,954
 
Puregold Price Club, Inc.
  2,277,400   2,223,149
*
PXP Energy Corp.
  4,168,800   490,274
 
RFM Corp.
  8,818,068   787,538
 
Rizal Commercial Banking Corp.
  3,462,952   1,122,594
 
Robinsons Land Corp.
  12,991,351   4,081,439
 
Robinsons Retail Holdings, Inc.
  1,641,390   2,059,076
 
San Miguel Food and Beverage, Inc.
  229,650   303,447
 
Security Bank Corp.
  257,570   483,715
 
Semirara Mining & Power Corp.
  3,969,800   805,557
 
Shakey's Pizza Asia Ventures, Inc.
  274,900   33,130
 
SSI Group, Inc.
  4,714,000   101,051
 
STI Education Systems Holdings, Inc.
  4,415,000   26,013
*
Top Frontier Investment Holdings, Inc.
  2,580   6,440
 
Union Bank of the Philippines
  1,467,341   1,580,169
 
Vista Land & Lifescapes, Inc.
  36,734,600   2,333,884
 
Vistamalls, Inc.
  589,600   47,573
 
Wilcon Depot, Inc.
  5,801,800   1,764,153
TOTAL PHILIPPINES
      51,715,749
POLAND — (1.1%)
*
11 bit studios SA
  2,855   381,119
*
AB SA
  2,202   17,253
*
Agora SA
  190,598   382,172
#*
Alior Bank SA
  288,715   1,129,371
*
Alumetal SA
  7,000   70,207
*
Amica SA
  24,664   977,876
 
Apator SA
  69,009   378,491
 
Asseco Poland SA
  31,284   535,669
#
Bank Handlowy w Warszawie SA
  24,735   241,914
*
Bank Millennium SA
  316,862   242,374
#*
Bank Ochrony Srodowiska SA
  39,255   62,466
*
Benefit Systems SA
  415   95,829
#*
Bioton SA
  213,670   316,965
*
Boryszew SA
  356,266   343,574
 
Budimex SA
  83,773   5,188,815
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
POLAND — (Continued)
#
CCC SA
  56,300   $834,840
*
CI Games SA
  67,015   28,631
#*
Ciech SA
  180,436   1,480,354
#
ComArch SA
  13,615   793,851
*
Develia SA
  1,554,787   799,961
#*
Dom Development SA
  10,915   285,942
 
Echo Investment SA
  22,550   22,654
#*
Enea SA
  1,268,753   2,406,608
*
Eurocash SA
  441,600   1,850,935
#*
Fabryki Mebli Forte SA
  88,173   622,436
#
Famur SA
  1,178,516   510,131
 
Firma Oponiarska Debica SA
  14,630   303,404
#*
Getin Noble Bank SA
  2,585,838   157,943
*
Globe Trade Centre SA
  516,381   896,857
*
Grupa Azoty SA
  106,583   811,598
*
Grupa Azoty Zaklady Chemiczne Police SA
  169,353   554,168
#
Grupa Kety SA
  74,193   8,640,616
*
Inter Cars SA
  41,146   2,177,747
#
Jastrzebska Spolka Weglowa SA
  322,248   1,424,406
 
Kernel Holding SA
  355,326   3,749,778
 
KRUK SA
  87,962   3,045,092
 
Lentex SA
  107,400   281,832
#
LiveChat Software SA
  5,760   135,652
*
Lubelski Wegiel Bogdanka SA
  71,153   377,530
#*
Mabion SA
  1,865   12,140
*
Netia SA
  694,148   812,580
#
Neuca SA
  8,818   1,220,398
 
NEWAG SA
  522   3,609
*
Orange Polska SA
  2,952,337   5,536,210
#
PKP Cargo SA
  166,647   576,455
 
PlayWay SA
  2,687   360,003
 
Stalexport Autostrady SA
  659,208   519,777
*
Tauron Polska Energia SA
  5,651,822   3,912,407
#*
VRG SA
  1,263,594   766,804
 
Warsaw Stock Exchange
  114,859   1,336,360
 
Wawel SA
  2,250   345,934
*
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
  672   6,488
*
Zespol Elektrowni Patnow Adamow Konin SA
  91,906   230,889
TOTAL POLAND
      58,197,115
QATAR — (0.2%)
 
Aamal Co.
  2,777,965   583,930
 
Al Khaleej Takaful Group QSC
  635,145   317,124
 
Al Khalij Commercial Bank PQSC
  279,458   118,744
 
Al Meera Consumer Goods Co. QSC
  97,955   514,392
 
Barwa Real Estate Co.
  982,739   852,188
*
Doha Bank QPSC
  1,095,593   716,830
*
Gulf International Services QSC
  1,111,797   512,512
 
Gulf Warehousing Co.
  33,360   47,624
*
Mazaya Qatar Real Estate Development QSC
  2,146,438   515,145
 
Medicare Group
  266,954   536,532
 
National Leasing
  871,258   215,696
*
Qatar First Bank
  1,554,826   574,135
 
Qatar Gas Transport Co., Ltd.
  1,885,973   1,455,350
 
Qatar Insurance Co. SAQ
  890,779   487,000
 
Qatar International Islamic Bank QSC
  85,458   192,704
 
Qatar National Cement Co. QSC
  249,175   250,255
 
Qatar Navigation QSC
  208,836   341,281
*
Salam International Investment, Ltd. QSC
  1,822,782   227,927
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
QATAR — (Continued)
 
United Development Co. QSC
  2,597,657   $821,724
 
Vodafone Qatar QSC
  1,367,834   479,732
 
Widam Food Co.
  235,694   436,047
TOTAL QATAR
      10,196,872
RUSSIA — (0.4%)
 
Etalon Group P.L.C., GDR
  440,144   642,610
 
Globaltrans Investment P.L.C., GDR
  303,128   1,818,768
 
LSR Group PJSC, GDR
  136,687   259,705
 
Magnitogorsk Iron & Steel Works PJSC, GDR
  65,071   456,798
*
Mail.Ru Group, Ltd., GDR
  241,967   6,400,027
*
Mechel PJSC, Sponsored ADR
  94,871   161,281
 
PhosAgro PJSC, GDR
  315,428   3,728,359
 
QIWI P.L.C., Sponsored ADR
  87,522   1,690,050
 
Ros Agro P.L.C., GDR
  41,697   401,125
 
Rostelecom PJSC, Sponsored ADR
  161,737   1,163,698
 
RusHydro PJSC, ADR
  826,374   813,565
 
VEON, Ltd., ADR
  1,747,866   2,953,894
TOTAL RUSSIA
      20,489,880
SAUDI ARABIA — (0.6%)
*
Abdul Mohsen Al-Hokair Tourism and Development Co.
  42,732   160,945
 
Al Babtain Power & Telecommunication Co.
  14,937   95,522
 
Al Etihad Cooperative Insurance Co.
  8,500   36,276
*
Al Hassan Ghazi Ibrahim Shaker Co.
  27,998   88,455
 
Al Jouf Agricultural Development Co.
  42,476   330,339
*
Al Jouf Cement Co.
  223,614   545,549
 
Al Khaleej Training and Education Co.
  16,456   66,521
*
Al Rajhi Co. for Co-operative Insurance
  9,053   176,418
*
Al Yamamah Steel Industries Co.
  69,971   353,862
*
AlAbdullatif Industrial Investment Co.
  24,661   70,686
 
Alandalus Property Co.
  64,593   272,164
 
Aldrees Petroleum and Transport Services Co.
  27,165   427,104
*
AlJazira Takaful Ta'awuni Co.
  10,904   52,243
 
Arabian Cement Co.
  65,728   522,162
 
Arabian Pipes Co.
  57,224   189,217
*
Arabian Shield Cooperative Insurance Co.
  24,725   112,323
 
Arriyadh Development Co.
  73,975   300,190
*
Aseer Trading Tourism & Manufacturing Co.
  86,674   258,257
*
Astra Industrial Group
  50,307   272,245
*
AXA Cooperative Insurance Co.
  4,413   45,682
*
Basic Chemical Industries, Ltd.
  5,210   33,762
*
Bawan Co.
  31,695   115,754
*
City Cement Co.
  250,399   1,159,096
 
Dallah Healthcare Co.
  23,313   335,168
*
Dar Al Arkan Real Estate Development Co.
  1,916,652   3,704,495
 
Dur Hospitality Co.
  26,023   180,980
 
Eastern Province Cement Co.
  40,170   367,522
*
Electrical Industries Co.
  18,361   74,957
*
Emaar Economic City
  352,835   668,459
*
Fawaz Abdulaziz Al Hokair & Co.
  101,458   515,820
 
Fitaihi Holding Group
  26,313   79,446
*
Hail Cement Co.
  153,844   546,748
 
Herfy Food Services Co.
  23,069   273,732
*
Jazan Energy and Development Co.
  86,300   293,788
 
Leejam Sports Co. JSC
  51,797   790,806
*
Methanol Chemicals Co.
  207,080   413,738
*
Middle East Paper Co.
  31,285   121,999
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SAUDI ARABIA — (Continued)
*
Mobile Telecommunications Co. Saudi Arabia
  554,024   $1,676,103
*
Najran Cement Co.
  112,427   356,047
*
Nama Chemicals Co.
  34,143   181,335
*
National Agriculture Development Co. (The)
  135,033   1,080,264
*
National Co., for Glass Manufacturing (The)
  21,596   123,155
 
National Gas & Industrialization Co.
  17,356   132,014
 
National Gypsum
  28,033   126,238
*
National Industrialization Co.
  453,088   1,251,945
 
National Medical Care Co.
  36,683   446,462
*
National Metal Manufacturing & Casting Co.
  37,438   163,547
*
Northern Region Cement Co.
  92,652   249,246
 
Qassim Cement Co. (The)
  30,824   549,318
*
Red Sea International Co.
  6,940   28,076
 
Saudi Airlines Catering Co.
  58,814   1,290,973
 
Saudi Automotive Services Co.
  9,200   64,270
 
Saudi Cement Co.
  73,477   1,101,025
*
Saudi Ceramic Co.
  49,322   497,434
*
Saudi Chemical Co., Holding.
  63,234   418,098
 
Saudi Co. For Hardware CJSC
  25,357   308,433
 
Saudi Ground Services Co.
  68,213   531,176
 
Saudi Industrial Investment Group
  62,598   306,227
 
Saudi Industrial Services Co.
  67,827   391,129
*
Saudi Marketing Co.
  50,977   340,490
*
Saudi Printing & Packaging Co.
  24,306   94,317
*
Saudi Public Transport Co.
  74,836   309,603
*
Saudi Re for Cooperative Reinsurance Co.
  21,185   51,299
*
Saudi Real Estate Co.
  26,437   93,931
*
Saudi Research & Marketing Group
  32,902   517,320
 
Saudia Dairy & Foodstuff Co.
  3,184   149,559
 
Seera Group Holding
  456,123   2,015,493
 
Southern Province Cement Co.
  38,442   672,768
*
Tabuk Cement Co.
  99,478   354,257
*
Takween Advanced Industries Co.
  42,086   89,251
 
Umm Al-Qura Cement Co.
  67,155   434,625
 
United Electronics Co.
  49,897   758,707
 
United International Transportation Co.
  12,099   104,884
 
Yamama Cement Co.
  97,847   625,109
 
Yanbu Cement Co.
  118,940   992,157
*
Zamil Industrial Investment Co.
  36,979   160,453
TOTAL SAUDI ARABIA
      33,089,168
SOUTH AFRICA — (4.7%)
 
Adcock Ingram Holdings, Ltd.
  174,754   448,585
 
Adcorp Holdings, Ltd.
  842,679   138,034
 
Advtech, Ltd.
  3,402,728   1,476,657
 
AECI, Ltd.
  885,257   4,473,211
 
African Oxygen, Ltd.
  761,164   776,457
 
African Rainbow Minerals, Ltd.
  587,334   6,705,589
 
Afrimat, Ltd.
  298,370   592,908
 
Alexander Forbes Group Holdings, Ltd.
  5,263,172   998,195
#
Allied Electronics Corp., Ltd., Class A
  948,720   1,114,514
 
Alviva Holdings, Ltd.
  810,818   262,235
 
Astral Foods, Ltd.
  270,271   2,175,309
 
AVI, Ltd.
  1,432,569   5,905,563
 
Barloworld, Ltd.
  1,570,146   6,056,302
*
Blue Label Telecoms, Ltd.
  2,564,938   412,208
#*
Brait SE
  5,050,873   816,132
 
Cashbuild, Ltd.
  137,566   1,282,784
 
Caxton and CTP Publishers and Printers, Ltd.
  323,754   76,560
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH AFRICA — (Continued)
#
City Lodge Hotels, Ltd.
  110,626   $103,506
 
Clicks Group, Ltd.
  749,305   9,999,628
 
Coronation Fund Managers, Ltd.
  1,129,239   2,592,274
#
Curro Holdings, Ltd.
  719,227   373,959
 
DataTec, Ltd.
  2,210,206   2,917,670
#
Dis-Chem Pharmacies, Ltd.
  1,267,308   1,279,840
 
Distell Group Holdings, Ltd.
  272,261   1,082,646
#
DRDGOLD, Ltd.
  1,451,771   2,160,148
*
enX Group, Ltd.
  110,754   32,487
 
Evraz Highveld Steel And Vanad
  63,001   0
 
Famous Brands, Ltd.
  473,993   1,167,138
#
Foschini Group, Ltd. (The)
  736,686   3,022,527
 
Gold Fields, Ltd.
  930,701   12,307,683
 
Gold Fields, Ltd., Sponsored ADR
  1,768,933   23,155,333
*
Grand Parade Investments, Ltd.
  2,151,199   259,947
*
Grindrod Shipping Holdings, Ltd.
  69,267   212,560
 
Grindrod, Ltd.
  3,622,564   779,839
#*
Harmony Gold Mining Co., Ltd.
  830,149   5,362,069
#*
Harmony Gold Mining Co., Ltd., Sponsored ADR
  2,113,417   13,631,540
 
Hudaco Industries, Ltd.
  184,755   761,493
 
Impala Platinum Holdings, Ltd.
  2,173,717   19,404,817
 
Imperial Logistics, Ltd.
  713,588   1,388,293
 
Investec, Ltd.
  11,097   21,723
 
Italtile, Ltd.
  812,713   468,710
*
JCI, Ltd.
  3,131,151   0
 
JSE, Ltd.
  592,273   4,019,107
 
KAP Industrial Holdings, Ltd.
  11,456,910   1,733,121
 
Lewis Group, Ltd.
  721,084   588,973
 
Liberty Holdings, Ltd.
  800,549   3,243,227
 
Life Healthcare Group Holdings, Ltd.
  5,633,736   5,749,038
*
Long4Life, Ltd.
  3,066,286   555,769
#*
Massmart Holdings, Ltd.
  496,926   570,632
 
Merafe Resources, Ltd.
  3,764,710   99,668
*
Metair Investments, Ltd.
  1,167,062   1,238,178
 
MiX Telematics, Ltd.
  37,895   15,546
 
MiX Telematics, Ltd., Sponsored ADR
  27,358   277,957
 
Momentum Metropolitan Holdings
  6,780,075   6,596,688
#*
Motus Holdings Ltd.
  498,857   825,608
 
Mpact, Ltd.
  1,437,844   668,321
 
Murray & Roberts Holdings, Ltd.
  3,765,862   1,270,919
*
Nampak, Ltd.
  3,685,062   253,130
*
Net 1 UEPS Technologies, Inc.
  776   2,245
 
Netcare, Ltd.
  4,124,868   3,284,251
*
Northam Platinum, Ltd.
  1,198,645   9,461,633
 
Oceana Group, Ltd.
  316,395   1,329,839
*
Omnia Holdings, Ltd.
  1,488,780   2,373,785
 
Pepkor Holdings, Ltd.
  465,121   271,084
*
Peregrine Holdings, Ltd.
  1,739,054   2,050,232
 
Pick n Pay Stores, Ltd.
  1,465,473   3,836,874
*
PPC, Ltd.
  9,945,576   451,479
 
PSG Group, Ltd.
  61,930   554,078
 
PSG Konsult, Ltd.
  744,984   306,270
 
Raubex Group, Ltd.
  1,358,440   2,007,673
 
RCL Foods, Ltd.
  716,485   385,919
 
Reunert, Ltd.
  1,082,914   1,970,443
#
RFG Holdings, Ltd.
  633,095   502,972
#*
Royal Bafokeng Platinum, Ltd.
  687,449   2,032,400
 
Santam, Ltd.
  231,199   3,582,836
*
Sappi, Ltd.
  1,381,096   1,981,929
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH AFRICA — (Continued)
*
Sibanye Stillwater, Ltd.
  7,810,009   $22,092,895
 
SPAR Group, Ltd. (The)
  936,553   9,022,753
 
Spur Corp., Ltd.
  330,941   314,535
#*
Sun International, Ltd.
  875,099   498,117
*
Super Group, Ltd.
  2,581,597   2,859,946
 
Telkom SA SOC, Ltd.
  1,176,686   2,006,211
 
Tiger Brands, Ltd.
  25,160   259,093
#*
Tongaat Hulett, Ltd.
  669,167   177,773
 
Transaction Capital, Ltd.
  1,733,025   1,852,275
 
Trencor, Ltd.
  968,661   284,051
 
Truworths International, Ltd.
  1,709,846   3,277,180
 
Tsogo Sun Gaming, Ltd.
  2,961,639   557,527
*
Tsogo Sun Hotels, Ltd.
  92,144   9,728
 
Wilson Bayly Holmes-Ovcon, Ltd.
  435,781   2,850,764
 
Woolworths Holdings, Ltd.
  942,177   1,742,572
TOTAL SOUTH AFRICA
      248,094,317
SOUTH KOREA — (15.1%)
#*
3S Korea Co., Ltd.
  251,524   519,222
#
ABco Electronics Co., Ltd.
  54,992   285,103
*
Able C&C Co., Ltd.
  43,948   308,093
#
ABOV Semiconductor Co., Ltd.
  57,340   510,155
#*
Abpro Bio Co., Ltd.
  630,240   426,737
*
Ace Technologies Corp.
  22,335   359,835
*
Actoz Soft Co., Ltd.
  26,888   263,837
*
ADTechnology Co., Ltd.
  48,621   1,353,246
#*
Advanced Cosmeceutical Technology Co., Ltd.
  97,584   68,802
#*
Advanced Digital Chips, Inc.
  143,496   86,343
 
Advanced Nano Products Co., Ltd.
  39,732   1,018,277
#
Advanced Process Systems Corp.
  66,690   1,490,465
 
Aekyung Petrochemical Co., Ltd.
  71,889   411,731
*
AeroSpace Technology of Korea, Inc.
  16,794   57,547
 
AfreecaTV Co., Ltd.
  45,792   2,424,937
#*
Agabang&Company
  142,152   350,908
 
Ahn-Gook Pharmaceutical Co., Ltd.
  41,958   493,197
 
Ahnlab, Inc.
  36,245   1,795,909
 
AJ Networks Co., Ltd.
  85,907   230,296
#*
Ajin Industrial Co., Ltd.
  102,112   229,549
 
Aju Capital Co., Ltd.
  3,557   34,223
 
AK Holdings, Inc.
  29,897   454,432
*
Alpha Holdings, Inc.
  8,313   33,718
#*
ALUKO Co., Ltd.
  233,226   396,838
*
Amicogen, Inc.
  15,023   474,520
*
Aminologics Co., Ltd.
  376,643   789,864
#*
Amotech Co., Ltd.
  45,947   1,296,845
*
Anam Electronics Co., Ltd.
  228,729   328,434
*
Ananti, Inc.
  252,759   2,215,437
#
Anapass, Inc.
  48,961   896,086
*
Apact Co., Ltd.
  71,606   440,512
*
Aprogen Healthcare & Games, Inc.
  348,018   259,917
*
Aprogen KIC, Inc.
  115,172   261,828
#*
Aprogen pharmaceuticals, Inc.
  861,356   1,111,448
#*
APS Holdings Corp.
  83,009   600,695
*
Arion Technology, Inc.
  51,658   8,943
#
Asia Cement Co., Ltd.
  10,151   504,574
 
ASIA Holdings Co., Ltd.
  5,419   339,251
 
Asia Paper Manufacturing Co., Ltd.
  28,578   692,607
*
Asiana Airlines, Inc.
  374,980   1,289,233
#
Atec Co., Ltd.
  15,058   361,461
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
*
A-Tech Solution Co., Ltd.
  10,226   $79,827
#
Atinum Investment Co., Ltd.
  223,310   353,702
 
AUK Corp.
  156,528   333,444
 
Aurora World Corp.
  38,164   294,670
 
Austem Co., Ltd.
  53,159   108,285
#
Autech Corp.
  107,090   1,087,493
#
Avaco Co., Ltd.
  70,386   426,533
 
Avatec Co., Ltd.
  5,446   39,149
#
Baiksan Co., Ltd.
  57,960   248,921
#*
Barun Electronics Co., Ltd.
  10,909   35,882
#*
Barunson Entertainment & Arts Corp.
  180,998   259,762
#
Bcworld Pharm Co., Ltd.
  38,913   628,550
 
BGF Co., Ltd.
  172,418   609,643
#*
BH Co., Ltd.
  135,604   2,668,675
*
Binex Co., Ltd.
  173,116   3,218,070
 
Binggrae Co., Ltd.
  35,340   1,807,085
*
Biolog Device Co., Ltd.
  126,061   191,369
 
BioSmart Co., Ltd.
  104,175   759,676
*
Biotoxtech Co., Ltd.
  61,107   549,885
 
BIT Computer Co., Ltd.
  81,820   806,114
 
Bixolon Co., Ltd.
  63,757   244,806
*
Bluecom Co., Ltd.
  53,146   374,818
#
Boditech Med, Inc.
  116,473   2,065,497
*
Bohae Brewery Co., Ltd.
  576,129   429,344
 
BoKwang Industry Co., Ltd.
  76,420   467,988
#
Bolak Co., Ltd.
  209,708   336,828
 
Bookook Securities Co., Ltd.
  14,493   231,182
 
Boryung Pharmaceutical Co., Ltd.
  124,100   1,718,686
#*
Bosung Power Technology Co., Ltd.
  271,436   424,190
#*
Brain Contents Co., Ltd.
  661,284   338,953
 
Bubang Co., Ltd.
  155,379   280,702
 
Bukwang Pharmaceutical Co., Ltd.
  639   19,877
 
Busan City Gas Co., Ltd.
  8,953   274,066
 
BYC Co., Ltd.
  1,007   173,605
#*
BYON Co., Ltd.
  349,801   295,541
*
Byucksan Corp.
  262,613   392,889
*
Cafe24 Corp.
  5,709   251,697
#*
CammSys Corp.
  340,736   923,805
*
Capro Corp.
  221,386   482,662
#
Caregen Co., Ltd.
  27,611   1,601,648
 
Cell Biotech Co., Ltd.
  33,623   504,915
#
Changhae Ethanol Co., Ltd.
  27,873   322,351
*
Charm Engineering Co., Ltd.
  241,967   280,843
*
Cheil Bio Co., Ltd.
  11,457   78,192
#
Chemtronics Co., Ltd.
  71,610   957,517
#
Cheryong Electric Co., Ltd.
  69,519   327,639
#*
ChinHung International, Inc.
  166,331   348,261
 
Chinyang Holdings Corp.
  135,083   270,836
#*
Choa Pharmaceutical Co.
  127,356   537,669
*
Chokwang Leather Co., Ltd.
  607   26,222
 
Chokwang Paint, Ltd.
  20,012   92,392
 
Chong Kun Dang Pharmaceutical Corp.
  62,723   7,121,907
 
Chongkundang Holdings Corp.
  14,661   1,524,335
#
Choong Ang Vaccine Laboratory
  41,559   606,509
#*
Chorokbaem Media Co., Ltd.
  344,008   445,963
 
Chosun Refractories Co., Ltd.
  7,263   445,208
 
Chunbo Co., Ltd.
  3,152   326,858
#
Chungdahm Learning, Inc.
  30,605   538,252
#*
CJ CGV Co., Ltd.
  107,706   1,781,487
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
#
CJ Freshway Corp.
  35,509   $452,559
#*
CJ Seafood Corp.
  108,137   326,679
 
CKD Bio Corp.
  24,563   816,727
 
Classys, Inc.
  19,199   234,422
#
Clean & Science Co., Ltd.
  29,541   928,815
 
CLIO Cosmetics Co., Ltd.
  33,489   504,285
*
CMG Pharmaceutical Co., Ltd.
  588,241   2,159,661
*
CODI-M Co., Ltd.
  994,945   211,067
 
Com2uSCorp
  31,919   3,231,826
 
Commax Co., Ltd.
  61,101   281,190
#*
Coreana Cosmetics Co., Ltd.
  172,532   747,444
*
CORESTEM, Inc.
  22,616   405,946
 
Cosmax BTI, Inc.
  19,345   358,201
#*
COSMAX NBT Inc.
  72,519   497,961
 
Cosmax, Inc.
  44,693   3,490,311
#*
Cosmecca Korea Co., Ltd.
  23,478   275,795
*
CosmoAM&T Co., Ltd.
  113,486   1,416,520
#*
Cosmochemical Co., Ltd.
  100,233   747,050
*
COSON Co., Ltd.
  100,584   391,928
 
COWELL FASHION Co., Ltd.
  139,522   737,661
*
Creative & Innovative System
  257,552   1,228,057
 
Crown Confectionery Co., Ltd.
  31,752   228,963
 
CROWNHAITAI Holdings Co., Ltd.
  36,017   252,264
 
CS Wind Corp.
  34,613   2,311,488
#*
CTC BIO, Inc.
  153,373   1,151,738
#
Cuckoo Holdings Co., Ltd.
  8,821   594,252
 
Cuckoo Homesys Co., Ltd.
  38,570   1,162,906
#*
Curo Co., Ltd.
  697,107   381,062
 
Cymechs, Inc.
  40,521   472,560
 
D.I Corp.
  134,400   478,138
#*
DA Technology Co., Ltd.
  303,365   337,098
 
Dae Dong Industrial Co., Ltd.
  89,084   578,282
 
Dae Han Flour Mills Co., Ltd.
  6,559   913,367
 
Dae Hwa Pharmaceutical Co., Ltd.
  72,540   787,570
 
Dae Hyun Co., Ltd.
  153,733   231,542
 
Dae Won Chemical Co., Ltd.
  165,749   249,416
 
Dae Won Kang Up Co., Ltd.
  165,207   427,119
#*
Dae Young Packaging Co., Ltd.
  357,184   318,402
#
Daea TI Co., Ltd.
  325,257   1,938,817
#
Daebongls Co., Ltd.
  45,311   478,659
#
Daechang Co., Ltd.
  314,932   313,737
 
Daechang Forging Co., Ltd.
  9,029   200,567
 
Daeduck Co., Ltd.
  64,469   371,767
*
Daeduck Electronics Co., Ltd.
  99,329   1,167,203
#*
Daehan New Pharm Co., Ltd.
  64,878   678,829
 
Daehan Steel Co., Ltd.
  67,836   366,781
*
Dae-Il Corp.
  8,506   12,246
#*
Daejoo Electronic Materials Co., Ltd.
  59,472   2,127,467
 
Daekyo Co., Ltd.
  144,355   486,386
 
Daelim B&Co Co., Ltd.
  61,202   262,774
 
Daelim Construction Co., Ltd.
  26,871   617,868
*
Daemyung Sonoseason Co., Ltd.
  382,145   355,253
 
Daeryuk Can Co., Ltd.
  12,389   49,506
 
Daesang Corp.
  124,732   2,673,110
#
Daesang Holdings Co., Ltd.
  78,837   555,818
 
Daesung Energy Co., Ltd.
  37,543   155,246
 
Daesung Holdings Co., Ltd.
  26,734   328,154
#*
Daesung Industrial Co., Ltd.
  83,195   230,390
#*
Daewon Cable Co., Ltd.
  299,648   259,384
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
#*
Daewon Media Co., Ltd.
  51,498   $267,994
#
Daewon Pharmaceutical Co., Ltd.
  76,151   1,359,285
#
Daewon San Up Co., Ltd.
  74,920   311,922
#*
Daewoo Electronic Components Co., Ltd.
  219,480   438,148
*
Daewoo Engineering & Construction Co., Ltd.
  61,120   179,362
*
Dahaam E-Tec Co., Ltd.
  2,100   38,778
 
Daihan Pharmaceutical Co., Ltd.
  27,048   677,944
 
Daishin Securities Co., Ltd.
  218,421   1,902,028
*
Daiyang Metal Co., Ltd.
  2,014   6,865
#*
Danal Co., Ltd.
  296,514   950,519
#
Danawa Co., Ltd.
  41,387   953,690
 
Daou Data Corp.
  88,302   1,083,656
 
Daou Technology, Inc.
  161,746   2,827,678
*
Dasan Networks, Inc.
  146,530   1,407,633
#
Dawonsys Co., Ltd.
  111,447   1,904,016
#*
Dayou Automotive Seat Technology Co., Ltd.
  333,554   188,267
*
Dayou Plus Co., Ltd.
  417,611   221,570
 
DB Financial Investment Co., Ltd.
  185,487   555,170
#
DB HiTek Co., Ltd.
  181,092   5,231,681
*
DB, Inc.
  731,275   445,141
 
DCM Corp.
  29,214   267,116
*
Dentium Co., Ltd.
  41,507   1,431,072
#*
Deutsch Motors, Inc.
  121,159   684,301
#*
Development Advance Solution Co., Ltd.
  56,761   227,553
*
Dexter Studios Co., Ltd.
  7,066   34,490
 
DGB Financial Group, Inc.
  644,591   2,793,218
 
DHP Korea Co., Ltd.
  62,988   421,991
 
DI Dong Il Corp.
  7,397   453,902
 
Digital Chosun Co., Ltd.
  183,547   498,653
#
Digital Daesung Co., Ltd.
  65,314   334,435
#
Digital Power Communications Co., Ltd.
  162,111   2,345,887
*
DIO Corp.
  59,048   1,305,840
 
Display Tech Co., Ltd.
  52,616   146,843
 
DMS Co., Ltd.
  122,487   669,262
#*
DNF Co., Ltd.
  50,037   677,702
#
Dohwa Engineering Co., Ltd.
  60,443   401,532
 
Dong A Eltek Co., Ltd.
  24,684   149,620
 
Dong Ah Tire & Rubber Co., Ltd.
  38,282   340,169
 
Dong-A Socio Holdings Co., Ltd.
  20,129   1,682,811
 
Dong-A ST Co., Ltd.
  31,828   2,476,018
#
Dong-Ah Geological Engineering Co., Ltd.
  60,361   817,891
#*
Dongbang Transport Logistics Co., Ltd.
  25,627   41,141
 
Dongbu Corp.
  53,624   504,331
 
Dongil Industries Co., Ltd.
  6,888   400,616
 
Dongjin Semichem Co., Ltd.
  189,277   5,045,756
 
DongKook Pharmaceutical Co., Ltd.
  29,174   3,597,367
 
Dongkuk Industries Co., Ltd.
  229,638   673,281
*
Dongkuk Steel Mill Co., Ltd.
  386,621   1,974,886
 
Dongkuk Structures & Construction Co., Ltd.
  196,859   1,172,473
 
Dongsung Chemical Co., Ltd.
  12,769   173,332
 
DONGSUNG Corp.
  174,609   577,827
 
Dongsung Finetec Co., Ltd.
  100,223   843,816
 
Dongwha Enterprise Co., Ltd.
  26,074   1,088,299
#
Dongwha Pharm Co., Ltd.
  109,165   2,243,912
 
Dongwon Development Co., Ltd.
  313,706   951,716
#
Dongwon F&B Co., Ltd.
  6,957   1,060,558
 
Dongwon Industries Co., Ltd.
  9,347   1,477,047
 
Dongwon Systems Corp.
  31,409   558,777
*
Dongwoo Farm To Table Co., Ltd.
  75,970   211,267
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Dongyang E&P, Inc.
  31,077   $394,717
#*
Dongyang Steel Pipe Co., Ltd.
  593,184   514,584
 
Doosan Co., Ltd.
  21,471   857,712
*
Doosan Heavy Industries & Construction Co., Ltd.
  755,146   6,660,251
#*
Doosan Infracore Co., Ltd.
  489,348   2,929,754
 
DoubleUGames Co., Ltd.
  41,843   2,677,009
 
DRB Holding Co., Ltd.
  20,458   115,119
#*
Dreamus Co.
  106,691   443,817
 
Drgem Corp.
  2,230   39,066
#*
DRTECH Corp.
  175,505   238,656
*
DSK Co., Ltd.
  6,892   44,450
 
DTR Automotive Corp.
  26,721   542,050
*
Duk San Neolux Co., Ltd.
  56,637   1,663,876
 
DY Corp.
  88,627   303,726
 
DY POWER Corp.
  44,353   419,627
 
e Tec E&C, Ltd.
  7,809   461,634
 
E1 Corp.
  24,810   792,497
 
Eagon Holdings Co., Ltd.
  7,939   17,561
 
Eagon Industrial, Ltd.
  17,740   114,476
#*
Easy Bio, Inc.
  12,045   530,789
#
Easy Holdings Co., Ltd.
  233,098   945,130
 
EBEST Investment & Securities Co., Ltd.
  14,685   62,304
 
Echo Marketing, Inc.
  5,656   226,633
*
EcoBio Holdings Co., Ltd.
  47,380   340,154
 
Ecopro Co., Ltd.
  107,131   3,279,199
 
e-Credible Co., Ltd.
  22,052   437,935
#
Eehwa Construction Co., Ltd.
  87,246   348,259
#*
EG Corp.
  35,757   267,069
#*
Ehwa Technologies Information Co., Ltd.
  3,915,868   490,474
#
Elcomtec Co., Ltd.
  135,002   221,144
#
Elentec Co., Ltd.
  76,987   391,113
#*
EMKOREA Co., Ltd.
  181,296   737,597
#*
EM-Tech Co., Ltd.
  70,897   755,170
#*
EMW Co., Ltd.
  204,411   89,432
*
Enex Co., Ltd.
  124,656   121,706
#
ENF Technology Co., Ltd.
  53,064   2,144,489
 
Eo Technics Co., Ltd.
  49,839   4,662,972
 
Estechpharma Co., Ltd.
  66,182   663,506
*
ESTsoft Corp.
  31,344   172,659
#*
E-TRON Co., Ltd.
  1,491,477   212,000
*
Eubiologics Co., Ltd.
  17,258   304,057
 
Eugene Corp.
  275,292   937,858
 
Eugene Investment & Securities Co., Ltd.
  434,227   1,396,064
#
Eugene Technology Co., Ltd.
  66,860   1,901,584
*
Eusu Holdings Co., Ltd.
  92,188   444,519
*
Ewon Comfortech Co., Ltd.
  2,779   12,370
#*
Exem Co., Ltd.
  152,435   503,909
#
Ezwel Co., Ltd.
  45,722   504,101
 
F&F Co., Ltd.
  5,196   357,273
 
Farmsco
  88,719   464,478
 
FarmStory Co., Ltd.
  223,787   225,320
#*
Feelux Co., Ltd.
  283,759   1,032,574
 
Fine Semitech Corp.
  39,942   923,688
#*
Firstec Co., Ltd.
  163,256   315,332
*
FNC Entertainment Co., Ltd.
  3,147   16,147
#
Foosung Co., Ltd.
  274,319   1,899,404
#*
Fourth-Link, Inc.
  52,309   12,019
 
Fursys, Inc.
  16,042   387,360
*
Futurestream Networks Co., Ltd.
  16,175   14,271
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Gabia, Inc.
  44,165   $618,746
#*
GAEASOFT
  14,151   152,832
*
Galaxia Communications Co., Ltd.
  63,004   294,025
*
Gamevil, Inc.
  25,613   721,824
 
Gaon Cable Co., Ltd.
  13,249   184,799
 
Gemvaxlink Co., Ltd.
  315,573   392,075
*
Genie Music Corp.
  196,662   586,135
 
Geumhwa PSC Co., Ltd.
  6,842   142,323
*
Gigalane Co., Ltd.
  145,427   132,905
*
Globon Co., Ltd.
  29,365   88,703
 
GMB Korea Corp.
  35,866   147,165
#*
GNCO Co., Ltd.
  477,083   506,108
 
GOLFZON Co., Ltd.
  16,204   1,038,045
 
Golfzon Newdin Holdings Co., Ltd.
  143,201   778,638
#*
Good People Co., Ltd.
  318,846   532,699
 
Grand Korea Leisure Co., Ltd.
  82,487   883,950
 
Green Cross Cell Corp.
  32,860   1,164,896
 
Green Cross Holdings Corp.
  79,061   1,758,408
*
Green Cross Medical Science Corp.
  11,604   109,192
*
Green Non-Life Insurance Co., Ltd.
  22,357   0
*
GS Global Corp.
  270,631   384,830
 
GS Home Shopping, Inc.
  21,149   1,883,918
 
Gunjang Energy Co., Ltd.
  17,094   414,377
 
Gwangju Shinsegae Co., Ltd.
  3,808   441,512
#*
GY Commerce Co., Ltd.
  149,142   52,811
 
Hae In Corp.
  4,066   17,002
#
HAESUNG DS Co., Ltd.
  54,230   944,544
 
Haesung Industrial Co., Ltd.
  43,805   458,905
 
Haimarrow Food Service Co., Ltd.
  194,879   386,078
 
Haitai Confectionery & Foods Co., Ltd.
  51,240   360,214
*
Halla Corp.
  108,814   318,407
 
Halla Holdings Corp.
  49,088   1,203,146
#*
Han Chang Corp.
  122,636   195,272
#
Han Kuk Carbon Co., Ltd.
  157,738   1,108,430
 
Hana Micron, Inc.
  153,881   717,316
#
Hana Tour Service, Inc.
  49,379   1,567,362
 
HanChang Paper Co., Ltd.
  14,488   24,236
*
Hancom MDS, Inc.
  28,657   302,654
*
Hancom, Inc.
  96,376   1,371,812
 
Handok, Inc.
  51,132   1,507,210
 
Handsome Co., Ltd.
  84,631   2,156,635
#
Hanil Holdings Co., Ltd.
  12,939   479,637
 
Hanil Hyundai Cement Co., Ltd.
  16,083   381,960
#*
Hanjin Heavy Industries & Construction Co., Ltd.
  195,140   1,084,961
 
Hanjin Transportation Co., Ltd.
  41,705   1,798,879
 
Hankook AtlasBX Co., Ltd.
  1,212   46,601
*
Hankook Corp., Inc.
  9,559   1,697
#
Hankook Cosmetics Manufacturing Co., Ltd.
  12,582   447,432
 
Hankook Shell Oil Co., Ltd.
  3,943   778,856
 
Hankook Synthetics Inc.
  550   0
 
Hanla IMS Co., Ltd.
  15,971   72,155
 
Hanmi Semiconductor Co., Ltd.
  132,343   1,324,644
 
HanmiGlobal Co., Ltd.
  42,019   326,117
#
Hans Biomed Corp.
  47,257   791,853
 
Hansae Co., Ltd.
  115,696   1,030,998
 
Hansae Yes24 Holdings Co., Ltd.
  71,502   236,160
#
Hanshin Construction
  50,274   599,852
 
Hanshin Machinery Co.
  91,006   103,438
 
Hansol Chemical Co., Ltd.
  50,585   6,437,183
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
*
Hansol Holdings Co., Ltd.
  350,637   $962,782
#*
Hansol HomeDeco Co., Ltd.
  413,807   389,135
 
Hansol Paper Co., Ltd.
  109,518   1,266,677
*
Hansol Technics Co., Ltd.
  137,939   1,079,685
*
Hanwha Aerospace Co., Ltd.
  17,405   356,384
*
Hanwha General Insurance Co., Ltd.
  347,421   825,216
*
Hanwha Investment & Securities Co., Ltd.
  739,181   1,096,972
 
Hanwha Life Insurance Co., Ltd.
  202,295   249,234
 
Hanyang Eng Co., Ltd.
  66,021   603,932
 
Hanyang Securities Co., Ltd.
  41,592   288,801
*
Harim Co., Ltd.
  276,387   649,438
 
Harim Holdings Co., Ltd.
  183,271   1,027,733
#
HB Technology Co., Ltd.
  306,331   592,353
 
HDC Holdings Co., Ltd.
  192,324   1,570,330
 
HDC Hyundai Development Co. Engineering & Construction, Class E
  103,857   1,895,657
 
HDC Hyundai Engineering Plastics Co., Ltd.
  76,667   265,588
#
HDC I-Controls Co., Ltd.
  33,142   228,240
#*
Heung-A Shipping Co., Ltd.
  729,772   118,525
*
Heungkuk Fire & Marine Insurance Co., Ltd.
  326,723   607,807
*
HFR, Inc.
  6,434   185,337
 
High Tech Pharm Co., Ltd.
  9,245   80,132
#
Hitejinro Holdings Co., Ltd.
  41,140   738,788
#*
HJ Magnolia Yongpyong Hotel & Resort Corp.
  162,717   615,480
#*
HLB Life Science Co., Ltd.
  107,649   1,511,280
#
HLscience Co., Ltd.
  2,994   142,454
*
HMM Co., Ltd
  978,711   4,844,425
*
HNT Electronics Co., Ltd.
  55,565   67,159
*
Home Center Holdings Co., Ltd.
  356,894   443,953
#*
Homecast Co., Ltd.
  188,471   565,324
 
HS Industries Co., Ltd.
  237,511   1,380,856
 
HS R&A Co., Ltd.
  205,046   318,234
*
HSD Engine Co., Ltd.
  115,126   455,945
#*
Huayi Brothers Korea Co., Ltd.
  29,821   74,968
 
Huchems Fine Chemical Corp.
  112,924   1,579,554
*
Humax Co., Ltd.
  42,751   157,981
 
Humedix Co., Ltd.
  29,564   708,267
*
Huneed Technologies
  55,366   322,973
 
Huons Co., Ltd.
  33,178   1,679,995
 
Huons Global Co., Ltd.
  40,491   1,104,336
#
Huvis Corp.
  91,586   508,373
 
Huvitz Co., Ltd.
  61,778   358,706
 
Hwa Shin Co., Ltd.
  48,675   92,194
 
Hwacheon Machine Tool Co., Ltd.
  6,481   173,434
#
Hwail Pharm Co., Ltd.
  53,363   597,089
 
Hwangkum Steel & Technology Co., Ltd.
  44,516   229,585
 
Hwaseung Enterprise Co., Ltd.
  71,812   675,130
 
HwaSung Industrial Co., Ltd.
  58,694   574,171
 
Hy-Lok Corp.
  56,410   624,168
*
Hyosung Advanced Materials Corp.
  4,480   498,923
 
Hyosung Chemical Corp.
  3,102   279,618
*
Hyosung Heavy Industries Corp.
  1,710   62,476
 
Hyosung TNC Co., Ltd.
  3,095   295,594
#
HyosungITX Co., Ltd.
  18,151   416,461
#*
Hyulim ROBOT Co., Ltd.
  303,281   195,584
#*
Hyundai Bioscience Co., Ltd.
  186,501   1,950,745
#
Hyundai BNG Steel Co., Ltd.
  56,048   352,951
*
Hyundai Construction Equipment Co., Ltd.
  76,009   1,456,547
 
Hyundai Corp Holdings, Inc.
  31,669   266,468
#
Hyundai Corp.
  49,959   622,004
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
 
Hyundai Department Store Co., Ltd.
  8,280   $415,423
*
Hyundai Electric & Energy System Co., Ltd.
  50,960   534,266
 
Hyundai Greenfood Co., Ltd.
  292,739   1,942,260
 
Hyundai Home Shopping Network Corp.
  38,666   1,967,875
 
Hyundai Hy Communications & Networks Co., Ltd.
  232,295   775,437
 
Hyundai Livart Furniture Co., Ltd.
  73,221   1,175,530
 
Hyundai Mipo Dockyard Co., Ltd.
  11,407   299,671
 
Hyundai Motor Securities Co., Ltd.
  100,252   786,148
#
Hyundai Pharmaceutical Co., Ltd.
  96,966   492,327
#*
Hyundai Rotem Co., Ltd.
  67,663   1,027,767
 
Hyundai Telecommunication Co., Ltd.
  8,282   49,045
 
Hyundai Wia Corp.
  105,985   3,391,178
#
HyVision System, Inc.
  58,211   583,587
 
I&C Technology Co., Ltd.
  56,987   217,680
#
i3system, Inc.
  32,037   657,850
*
iA, Inc.
  1,230,523   460,834
#
ICD Co., Ltd.
  75,843   994,869
*
Icure Pharm, Inc.
  1,675   62,261
 
IDIS Holdings Co., Ltd.
  1,320   15,524
#*
IHQ, Inc.
  413,977   515,654
*
Il Dong Pharmaceutical Co., Ltd.
  79,541   1,067,702
#
Iljin Diamond Co., Ltd.
  38,246   1,792,285
*
Iljin Display Co., Ltd.
  85,380   248,715
*
Iljin Electric Co., Ltd.
  101,256   242,626
#
Iljin Holdings Co., Ltd.
  137,437   562,368
#
Ilshin Spinning Co., Ltd.
  9,134   520,126
#*
Ilshin Stone Co., Ltd.
  256,307   518,566
#
ilShinbiobase Co., Ltd.
  195,930   575,095
#
Ilsung Pharmaceuticals Co., Ltd.
  4,137   288,338
 
Ilyang Pharmaceutical Co., Ltd.
  75,501   5,350,688
 
iMarketKorea, Inc.
  109,304   780,976
 
InBody Co., Ltd.
  61,922   868,507
#*
INCON Co., Ltd.
  158,451   118,003
#*
Incross Co., Ltd.
  21,432   707,097
#*
Infinitt Healthcare Co., Ltd.
  85,520   501,363
 
INITECH Co., Ltd.
  34,978   131,045
 
Innocean Worldwide, Inc.
  47,201   1,980,178
#
InnoWireless, Inc.
  23,340   1,041,387
*
Innox Advanced Materials Co., Ltd.
  40,110   1,759,268
#*
Inscobee, Inc.
  533,012   880,309
#*
Insun ENT Co., Ltd.
  146,116   1,126,714
 
Intellian Technologies, Inc.
  8,711   190,484
 
Intelligent Digital Integrated Security Co., Ltd.
  34,248   1,112,529
*
Interflex Co., Ltd.
  80,840   1,052,364
#
Interojo Co., Ltd.
  56,286   1,061,600
 
Interpark Corp.
  379,612   817,443
 
INTOPS Co., Ltd.
  69,613   836,903
 
INZI Display Co., Ltd.
  20,792   30,623
#*
Iones Co., Ltd.
  62,005   397,896
 
IS Dongseo Co., Ltd.
  86,282   3,176,000
#
ISC Co., Ltd.
  61,785   1,163,795
 
i-SENS, Inc.
  48,116   1,156,400
 
ISU Chemical Co., Ltd.
  94,059   689,889
#
IsuPetasys Co., Ltd.
  183,252   660,965
 
It's Hanbul Co., Ltd.
  29,892   656,365
#*
Jahwa Electronics Co., Ltd.
  67,806   704,817
 
JASTECH, Ltd.
  51,179   418,579
#*
Jayjun Cosmetic Co., Ltd.
  177,338   448,535
 
JB Financial Group Co., Ltd.
  923,627   3,570,536
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
#
JC Chemical Co., Ltd.
  11,668   $53,048
#*
JC Hyun System, Inc.
  82,351   415,232
*
Jcontentree Corp.
  25,881   643,208
 
Jeil Pharmaceutical Co., Ltd.
  5,220   246,139
#*
Jeju Semiconductor Corp.
  154,448   393,200
*
Jejuair Co., Ltd.
  56,565   741,657
#*
Jeongsan Aikang Co., Ltd.
  169,979   274,289
 
Jinro Distillers Co., Ltd.
  10,531   265,783
#
Jinsung T.E.C.
  75,315   495,241
 
JLS Co., Ltd.
  58,411   288,110
*
JNK Heaters Co., Ltd.
  52,520   320,924
*
JoyCity Corp.
  6,537   113,159
 
JS Corp.
  40,769   241,396
 
Jusung Engineering Co., Ltd.
  236,743   1,395,122
 
JVM Co., Ltd.
  14,255   396,681
 
JW Holdings Corp.
  200,778   903,019
#
JW Life Science Corp.
  41,551   683,518
 
JW Pharmaceutical Corp.
  67,439   2,038,455
 
JW Shinyak Corp.
  53,446   248,862
 
JYP Entertainment Corp.
  137,162   3,447,248
#*
Kanglim Co., Ltd.
  178,282   252,851
 
Kangnam Jevisco Co., Ltd.
  18,614   234,638
#*
Kangstem Biotech Co., Ltd.
  36,730   275,908
#
KAON Media Co., Ltd.
  92,368   462,465
 
KC Co., Ltd.
  35,918   700,873
 
KC Cottrell Co., Ltd.
  57,816   289,840
 
KC Green Holdings Co., Ltd.
  76,280   263,782
 
KC Tech Co., Ltd.
  50,849   994,491
 
KCC Corp.
  1,242   140,395
 
KCC Engineering & Construction Co., Ltd.
  36,099   208,861
 
KCI, Ltd.
  33,797   298,140
 
KCO Energy, Inc.
  120   0
*
KD Corp.
  29,472   2,296
*
KEC Corp.
  530,419   365,968
#
KEPCO Engineering & Construction Co., Inc.
  86,105   1,172,682
#
Keyang Electric Machinery Co., Ltd.
  105,141   247,889
*
KEYEAST Co., Ltd.
  58,751   738,874
 
KG Eco Technology Service Co., Ltd.
  57,173   199,532
 
Kginicis Co., Ltd.
  85,637   1,709,059
 
KGMobilians Co., Ltd.
  114,785   1,110,190
#*
KH Vatec Co., Ltd.
  92,733   1,906,342
 
KINX, Inc.
  15,872   862,903
 
KISCO Corp.
  92,399   346,780
 
KISCO Holdings Co., Ltd.
  51,422   491,435
 
KISWIRE, Ltd.
  42,127   555,168
#*
Kiwi Media Group Co., Ltd.
  1,683,238   39,736
 
KL-Net Corp.
  61,091   120,923
#
KM Corp.
  32,729   523,031
 
KMH Co., Ltd.
  104,684   691,416
 
Kocom Co., Ltd.
  50,776   272,653
*
Kodaco Co., Ltd.
  130,220   124,602
 
Koentec Co., Ltd.
  121,211   915,000
 
Koh Young Technology, Inc.
  50,451   4,164,371
 
Kolmar BNH Co., Ltd.
  37,326   1,871,800
#
Kolmar Korea Co., Ltd.
  69,539   2,736,729
 
Kolmar Korea Holdings Co., Ltd.
  48,998   1,197,866
 
Kolon Corp.
  35,128   555,286
 
Kolon Global Corp.
  40,693   359,050
 
Kolon Industries, Inc.
  71,885   2,040,211
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
 
Kolon Plastic, Inc.
  74,301   $280,695
 
Komelon Corp.
  30,026   214,037
 
KoMiCo, Ltd.
  30,137   1,005,428
*
KONA I Co., Ltd.
  75,053   616,570
 
Kook Soon Dang Brewery Co., Ltd.
  10,360   33,602
 
Kopla Co., Ltd.
  93,079   288,410
#
Korea Alcohol Industrial Co., Ltd.
  78,848   1,207,035
 
Korea Asset In Trust Co., Ltd.
  345,264   812,545
 
Korea Autoglass Corp.
  60,478   732,964
#
Korea Cast Iron Pipe Industries Co., Ltd.
  56,204   430,452
#*
Korea Circuit Co., Ltd.
  56,477   771,946
*
Korea District Heating Corp.
  18,891   542,463
 
Korea Electric Terminal Co., Ltd.
  33,737   1,102,138
 
Korea Electronic Certification Authority, Inc.
  76,475   374,332
#
Korea Electronic Power Industrial Development Co., Ltd.
  71,059   192,643
 
Korea Export Packaging Industrial Co., Ltd.
  5,621   88,947
 
Korea Flange Co., Ltd.
  70,591   138,530
#*
Korea Information & Communications Co., Ltd.
  40,121   309,516
 
Korea Information Certificate Authority, Inc.
  86,298   437,839
*
Korea Line Corp.
  83,064   1,138,636
*
Korea Materials & Analysis Corp.
  169,429   236,502
 
Korea Petrochemical Ind Co., Ltd.
  20,390   1,995,672
 
Korea Real Estate Investment & Trust Co., Ltd.
  1,035,585   1,492,792
#
Korea United Pharm, Inc.
  59,545   1,238,049
 
Korean Reinsurance Co.
  546,048   3,269,535
 
Kortek Corp.
  56,721   424,108
*
KPM Tech Co., Ltd.
  113,288   110,370
#
KPX Chemical Co., Ltd.
  13,735   518,020
 
KRTnet Corp.
  39,915   170,913
*
KSIGN Co., Ltd.
  220,369   237,456
 
KSS LINE, Ltd.
  94,022   667,921
*
KT Hitel Co., Ltd.
  77,968   325,885
 
KT Skylife Co., Ltd.
  142,102   1,007,535
#
KT Submarine Co., Ltd.
  70,841   282,830
 
KTB Investment & Securities Co., Ltd.
  244,467   503,977
#
KTCS Corp.
  160,451   244,479
 
Ktis Corp.
  150,955   278,170
#
Kuk Young G&M
  186,943   399,291
 
Kukbo Design Co., Ltd.
  20,954   274,067
#
Kukdo Chemical Co., Ltd.
  14,591   483,076
#
Kukdong Oil & Chemicals Co., Ltd.
  89,179   231,624
#*
Kuk-il Paper Manufacturing Co., Ltd.
  596,800   2,735,810
#*
Kum Yang Co., Ltd.
  95,714   353,536
 
Kumho Industrial Co., Ltd.
  122,339   701,655
#*
Kumho Tire Co., Inc.
  569,274   1,382,545
 
Kumkang Kind Co., Ltd.
  62,740   189,969
 
Kwang Dong Pharmaceutical Co., Ltd.
  190,695   1,466,867
 
Kwang Myung Electric Co., Ltd.
  195,105   310,265
#
Kyeryong Construction Industrial Co., Ltd.
  33,110   709,914
 
Kyobo Securities Co., Ltd.
  110,833   625,572
#
Kyongbo Pharmaceutical Co., Ltd.
  63,922   562,073
 
Kyung Dong Navien Co., Ltd.
  33,244   1,413,050
 
Kyung Nong Corp.
  29,850   338,725
#
Kyungbang Co., Ltd.
  74,991   717,961
 
KyungDong City Gas Co., Ltd.
  25,241   352,569
 
Kyungdong Pharm Co., Ltd.
  95,564   1,008,098
 
Kyung-In Synthetic Corp.
  182,535   1,374,578
 
L&F Co., Ltd.
  83,858   2,860,001
*
L&K Biomed Co., Ltd.
  26,992   166,840
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
#*
LabGenomics Co., Ltd.
  49,913   $2,185,515
#
LB Semicon, Inc.
  183,953   1,467,585
 
Leadcorp, Inc. (The)
  94,611   615,548
*
Leaders Cosmetics Co., Ltd.
  73,733   249,101
 
LEENO Industrial, Inc.
  15,458   1,787,823
#*
Leenos Corp.
  205,633   206,919
*
LegoChem Biosciences, Inc.
  5,838   282,513
 
LF Corp.
  128,870   1,293,870
 
LG Hausys, Ltd.
  39,079   2,055,780
 
LG HelloVision Co., Ltd.
  151,670   507,266
 
LG International Corp.
  189,703   2,411,324
 
LIG Nex1 Co., Ltd.
  58,193   1,645,542
#
Lion Chemtech Co., Ltd.
  69,677   453,780
*
LIS Co., Ltd.
  27,570   221,064
#*
Livefinancial Co., Ltd.
  190,033   224,982
#
LMS Co., Ltd.
  36,560   279,973
*
Lock & Lock Co., Ltd.
  108,303   1,011,202
#*
LONGTU KOREA, Inc.
  97,799   443,728
*
LOT Vacuum Co., Ltd.
  56,801   721,357
 
Lotte Chilsung Beverage Co., Ltd.
  17,472   1,484,460
 
Lotte Confectionery Co., Ltd.
  2,631   243,539
 
LOTTE Fine Chemical Co., Ltd.
  113,510   4,175,031
 
Lotte Food Co., Ltd.
  2,479   685,295
 
LOTTE Himart Co., Ltd.
  62,911   1,613,927
#*
Lotte Non-Life Insurance Co., Ltd.
  374,303   536,190
#*
Lotte Tour Development Co., Ltd.
  73,567   1,017,843
 
LS Cable & System Asia, Ltd.
  60,288   338,714
 
LS Corp.
  10,154   358,363
 
LS Electric Co., Ltd.
  6,961   313,910
*
Lumens Co., Ltd.
  243,625   394,171
*
Lumimicro Co., Ltd.
  41,764   58,210
*
Lutronic Corp.
  131,867   645,280
*
LVMC Holdings
  183,114   555,149
 
Maeil Dairies Co., Ltd.
  3,867   241,007
 
Maeil Holdings Co., Ltd.
  31,004   210,838
*
Magicmicro Co., Ltd.
  65,428   27,337
 
Mando Corp.
  24,648   572,097
#*
Maniker Co., Ltd.
  480,112   314,466
#
Mcnex Co., Ltd.
  76,074   2,479,206
#*
ME2ON Co., Ltd.
  149,872   1,047,458
#*
Mediana Co., Ltd.
  35,251   588,252
#*
Medience Co., Ltd.
  53,361   140,916
*
Medipost Co., Ltd.
  18,859   442,187
 
Medy-Tox, Inc.
  10,131   1,471,483
 
Meerecompany, Inc.
  28,285   642,413
#
MegaStudy Co., Ltd.
  45,287   387,462
 
MegaStudyEdu Co., Ltd.
  48,136   1,373,589
*
Melfas, Inc.
  166,086   173,949
 
Meritz Fire & Marine Insurance Co., Ltd.
  13,704   142,888
#
META BIOMED Co., Ltd.
  111,778   263,267
*
Mgame Corp.
  104,493   499,914
 
Mi Chang Oil Industrial Co., Ltd.
  4,404   214,264
#
MiCo, Ltd.
  155,794   2,188,376
 
Minwise Co., Ltd.
  57,182   674,015
 
Mirae Asset Life Insurance Co., Ltd.
  527,346   1,418,876
#*
Mirae Corp.
  64,038   176,190
 
Miwon Chemicals Co., Ltd.
  3,853   167,665
 
Miwon Commercial Co., Ltd.
  5,072   348,413
 
Miwon Specialty Chemical Co., Ltd.
  10,110   680,912
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
#
MK Electron Co., Ltd.
  94,691   $793,259
*
MNTech Co., Ltd.
  105,243   277,845
#*
Mobile Appliance, Inc.
  152,843   455,351
 
Modetour Network, Inc.
  90,857   861,031
#
Monalisa Co., Ltd.
  124,394   611,184
 
MonAmi Co., Ltd.
  104,161   850,399
 
Moorim P&P Co., Ltd.
  141,354   354,309
 
Moorim Paper Co., Ltd.
  131,549   229,415
#
Motonic Corp.
  63,170   397,249
#*
MP Group, Inc.
  151,072   31,264
#
MS Autotech Co., Ltd.
  143,953   649,457
#*
Muhak Co., Ltd.
  93,728   425,247
#
Multicampus Co., Ltd.
  12,960   318,853
#*
MyungMoon Pharm Co., Ltd.
  128,892   640,569
#
Nam Hwa Construction Co., Ltd.
  37,268   475,373
#
Namhae Chemical Corp.
  144,336   937,555
*
NamKwang Engineering & Construction Co., Ltd.
  2,218   19,480
#*
Namsun Aluminum Co., Ltd.
  338,074   1,580,261
#*
Namuga Co., Ltd.
  18,234   285,975
 
Namyang Dairy Products Co., Ltd.
  1,909   487,130
*
Namyeung Vivien
  30,780   25,718
*
NanoenTek, Inc.
  99,817   992,017
 
Nasmedia Co., Ltd.
  21,390   535,453
#*
Nature & Environment Co., Ltd.
  384,677   490,562
#*
Naturecell Co., Ltd.
  132,386   1,057,808
*
NDFOS Co., Ltd.
  42,482   145,281
 
NeoPharm Co., Ltd.
  25,196   665,614
#*
Neowiz
  74,956   1,785,404
#
NEOWIZ HOLDINGS Corp.
  30,324   411,487
#
NEPES Corp.
  94,712   2,744,871
#*
New Power Plasma Co., Ltd.
  129,289   653,120
 
Newtree Co., Ltd.
  2,760   58,427
 
Nexen Corp.
  137,273   463,956
 
Nexen Tire Corp.
  233,104   1,023,561
*
Nexon GT Co., Ltd.
  5,993   75,988
*
Next Entertainment World Co., Ltd.
  105,261   431,177
*
Next Science Co Ltd
  7,996   34,139
#*
NextEye Co., Ltd.
  197,968   227,412
#
Nexturn Co., Ltd.
  15,192   96,207
 
NHN KCP Corp.
  64,332   3,379,640
*
NIBEC Co., Ltd.
  6,411   100,420
 
NICE Holdings Co., Ltd.
  130,063   2,229,755
 
Nice Information & Telecommunication, Inc.
  34,450   686,744
 
NICE Information Service Co., Ltd.
  191,326   3,260,039
 
NICE Total Cash Management Co., Ltd.
  121,835   643,093
*
NK Co., Ltd.
  395,214   342,472
*
NK Mulsan Co., Ltd.
  60,780   26,884
 
Nong Shim Holdings Co., Ltd.
  12,373   836,656
#
Nong Woo Bio Co., Ltd.
  39,694   387,163
 
Noroo Holdings Co., Ltd.
  9,344   72,951
#
NOROO Paint & Coatings Co., Ltd.
  48,541   300,082
 
NPC
  66,771   192,375
 
NS Shopping Co., Ltd.
  98,795   1,045,822
*
nTels Co., Ltd.
  24,999   195,651
 
Nuri Telecom Co., Ltd.
  17,628   97,723
*
NUVOTEC Co., Ltd.
  153,125   215,397
 
Oceanbridge Co., Ltd.
  19,278   281,206
*
OCI Co., Ltd.
  44,150   2,085,362
#*
Omnisystem Co., Ltd.
  233,956   551,851
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
#
Openbase, Inc.
  183,847   $528,101
 
Opto Device Technology Co., Ltd.
  29,480   117,220
 
OptoElectronics Solutions Co., Ltd.
  38,766   1,960,609
#
OPTRON-TEC, Inc.
  122,144   651,627
#*
Orbitech Co., Ltd.
  115,974   285,770
#*
Orientbio, Inc.
  437,273   275,521
 
Orion Holdings Corp.
  130,785   1,367,342
*
OSANGJAIEL Co., Ltd.
  37,994   410,772
*
Osstem Implant Co., Ltd.
  63,955   1,978,477
#*
Osung Advanced Materials Co., Ltd.
  278,129   519,634
#
Paik Kwang Industrial Co., Ltd.
  153,313   478,589
 
Pang Rim Co., Ltd.
  101,740   147,544
 
Pan-Pacific Co., Ltd.
  181,353   269,737
 
Paradise Co., Ltd.
  20,288   223,503
 
Park Systems Corp.
  1,748   87,230
#
Partron Co., Ltd.
  245,611   2,314,728
#*
Paru Co., Ltd.
  152,785   325,298
*
People & Technology, Inc.
  27,588   338,677
 
Pharma Research Products Co., Ltd.
  24,555   1,226,863
#*
Pharmicell Co., Ltd.
  119,815   2,289,147
 
PI Advanced Materials Co., Ltd.
  83,696   2,398,686
#*
PNE Solution Co., Ltd.
  61,691   1,083,072
*
Pobis TNC Co., Ltd.
  250,451   205,830
 
Point Engineering Co., Ltd.
  5,136   17,699
*
POLUS BioPharm, Inc.
  42,209   8,137
 
Poongsan Corp.
  118,045   2,407,361
 
Poongsan Holdings Corp.
  29,595   655,412
 
Posco ICT Co., Ltd.
  296,838   1,084,440
#
Posco M-Tech Co., Ltd.
  137,510   530,806
#
Power Logics Co., Ltd.
  173,206   1,100,278
*
Prostemics Co., Ltd.
  49,725   173,101
#
Protec Co., Ltd.
  33,478   814,727
 
PS TEC Co., Ltd.
  66,939   223,835
#
PSK, Inc.
  76,864   2,003,085
#
Pulmuone Co., Ltd.
  83,990   1,254,655
 
Puloon Technology, Inc.
  1,590   20,617
 
Pungkuk Alcohol Industry Co., Ltd.
  32,332   641,855
#
Pyeong Hwa Automotive Co., Ltd.
  48,535   258,172
#*
RaonSecure Co., Ltd.
  159,690   500,098
 
Rayence Co., Ltd.
  21,966   217,033
*
Redrover Co., Ltd.
  335,561   32,214
#
Reyon Pharmaceutical Co., Ltd.
  33,224   452,560
#
RFHIC Corp.
  64,357   1,973,607
#*
RFTech Co., Ltd.
  114,269   976,669
#*
Robostar Co., Ltd.
  39,835   469,490
*
Robotis Co., Ltd.
  9,311   100,813
*
Rorze Systems Corp.
  12,806   57,206
#
Rsupport Co., Ltd.
  59,819   477,082
#
S Net Systems, Inc.
  84,815   501,632
#
S&S Tech Corp.
  75,160   2,764,055
*
S&T Corp.
  13,299   173,340
*
S&T Dynamics Co., Ltd.
  158,177   669,442
*
S&T Holdings Co., Ltd.
  46,567   609,840
*
S&T Motiv Co., Ltd.
  51,092   1,928,259
#*
S.Y. Co., Ltd.
  85,193   256,819
 
Sajo Industries Co., Ltd.
  13,022   366,768
 
Sajodaerim Corp.
  2,580   30,956
*
Sajodongaone Co., Ltd.
  29,518   21,261
#
Sam Chun Dang Pharm Co., Ltd.
  75,658   3,070,481
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
*
SAM KANG M&T Co., Ltd.
  103,756   $819,174
 
Sam Young Electronics Co., Ltd.
  70,457   463,313
#
Sam Yung Trading Co., Ltd.
  95,984   1,044,185
 
Sambo Corrugated Board Co., Ltd.
  7,239   46,757
*
Sambo Motors Co., Ltd.
  45,702   196,763
*
Sambon Electronics Co., Ltd.
  284,390   319,439
*
Sambu Engineering & Construction Co., Ltd.
  29,011   18,386
 
Samchully Co., Ltd.
  16,734   1,090,071
*
Samchuly Bicycle Co., Ltd.
  47,168   472,156
#
Samho Development Co., Ltd.
  116,448   422,394
 
SAMHWA Paints Industrial Co., Ltd.
  56,562   237,063
 
Samick Musical Instruments Co., Ltd.
  332,818   409,153
#
Samick THK Co., Ltd.
  50,784   455,714
#
Samil Pharmaceutical Co., Ltd.
  22,485   361,097
 
Samji Electronics Co., Ltd.
  48,854   457,952
 
Samjin LND Co., Ltd.
  98,862   247,395
 
Samjin Pharmaceutical Co., Ltd.
  55,034   1,326,260
*
Samkee Automotive Co., Ltd.
  55,391   132,713
 
Sammok S-Form Co., Ltd.
  31,502   211,522
 
SAMPYO Cement Co., Ltd.
  211,432   641,102
#*
Samsung Pharmaceutical Co., Ltd.
  296,288   1,060,332
#
Samsung Publishing Co., Ltd.
  23,083   435,020
 
SAMT Co., Ltd.
  334,703   616,649
 
Samwha Capacitor Co., Ltd.
  43,204   2,206,315
#
Samwha Electric Co., Ltd.
  24,490   397,855
 
Samyang Corp.
  19,857   1,062,953
 
Samyang Foods Co., Ltd.
  19,379   1,941,943
 
Samyang Holdings Corp.
  22,241   1,334,486
#
Samyang Tongsang Co., Ltd.
  8,422   399,281
 
Sang-A Frontec Co., Ltd.
  45,202   1,829,154
*
Sangbo Corp.
  96,831   83,874
#
Sangsangin Co., Ltd.
  209,631   991,907
 
Sangsin Energy Display Precision Co., Ltd.
  67,598   598,195
 
SaraminHR Co., Ltd.
  34,495   727,737
#
Satrec Initiative Co., Ltd.
  35,524   714,755
 
SAVEZONE I&C Corp.
  94,291   175,155
#*
SBI Investment Korea Co., Ltd.
  621,426   383,194
*
SBS Media Holdings Co., Ltd.
  242,395   383,689
#*
SBW
  812,096   545,586
#*
S-Connect Co., Ltd.
  235,710   364,754
*
SD Biotechnologies Co., Ltd.
  48,626   211,164
#*
SDN Co., Ltd.
  237,263   517,492
 
Seah Besteel Corp.
  85,793   789,628
 
SeAH Holdings Corp.
  4,825   299,249
 
SeAH Steel Corp.
  7,551   399,441
 
SeAH Steel Holdings Corp.
  8,330   280,634
 
Sebang Co., Ltd.
  81,649   682,077
 
Sebang Global Battery Co., Ltd.
  42,950   1,069,569
#
Secuve Co., Ltd.
  184,996   282,812
#
Seegene, Inc.
  148,228   32,341,417
 
Sejin Heavy Industries Co., Ltd.
  4   23
 
Sejong Industrial Co., Ltd.
  53,849   266,399
*
Sejong Telecom, Inc.
  2,024,357   463,406
#
Sekonix Co., Ltd.
  65,455   270,138
#*
Selvas AI, Inc.
  179,027   466,576
 
Sempio Foods Co.
  12,562   494,684
 
Semyung Electric Machinery Co., Ltd.
  8,458   28,342
 
S-Energy Co., Ltd.
  61,002   335,452
*
Seobu T&D
  272,503   1,653,249
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
 
Seohan Co., Ltd.
  493,532   $466,911
 
Seohee Construction Co., Ltd.
  256,969   239,921
 
Seojin System Co., Ltd.
  17,833   570,209
*
Seoul Auction Co., Ltd.
  42,812   147,832
*
Seoul Electronics & Telecom
  104,354   69,194
#*
Seoul Food Industrial Co., Ltd.
  1,878,605   251,731
#
Seoul Pharma Co., Ltd.
  27,724   247,240
 
Seoul Semiconductor Co., Ltd.
  239,800   3,596,586
#
Seoulin Bioscience Co., Ltd.
  30,510   352,143
#
Seowon Co., Ltd.
  158,377   486,997
 
SEOWONINTECH Co., Ltd.
  42,617   265,722
#
Seoyon Co., Ltd.
  56,279   316,672
 
Seoyon E-Hwa Co., Ltd.
  37,029   112,098
 
Sewha P&C, Inc.
  34,542   136,650
*
Sewon Cellontech Co., Ltd.
  259,045   588,941
 
Sewon Precision Industry Co., Ltd.
  25,563   32,546
 
SEWOONMEDICAL Co., Ltd.
  143,318   446,176
 
SFA Engineering Corp.
  101,797   3,016,833
#*
SFA Semicon Co., Ltd.
  439,054   2,272,328
#*
SG Corp.
  699,632   370,501
*
SH Energy & Chemical Co., Ltd.
  473,167   323,626
#*
Shin Poong Pharmaceutical Co., Ltd.
  38,000   2,202,771
 
Shindaeyang Paper Co., Ltd.
  12,026   561,271
#
Shinil Electronics Co., Ltd.
  370,771   620,848
 
Shinsegae Engineering & Construction Co., Ltd.
  14,671   292,574
#
Shinsegae Food Co., Ltd.
  10,357   472,423
 
Shinsegae International, Inc.
  2,496   310,680
#*
Shinsung E&G Co., Ltd.
  695,198   804,458
#*
Shinsung Tongsang Co., Ltd.
  402,742   800,452
#
Shinwha Intertek Corp.
  153,844   351,950
#*
Shinwon Corp.
  328,839   459,419
 
Shinyoung Securities Co., Ltd.
  28,793   1,082,592
 
SHOWBOX Corp.
  156,362   370,191
*
Signetics Corp.
  215,282   129,887
 
SIGONG TECH Co., Ltd.
  62,346   270,386
 
Silicon Works Co., Ltd.
  73,596   2,981,202
#
Silla Co., Ltd.
  39,125   327,908
#
SIMMTECH Co., Ltd.
  66,827   1,084,432
 
SIMPAC, Inc.
  70,404   143,322
 
Sindoh Co., Ltd.
  32,490   633,545
 
Sinil Pharm Co., Ltd.
  1,717   45,059
 
SinSin Pharmaceutical Co., Ltd.
  50,462   429,874
#
SK Bioland Co., Ltd.
  88,938   2,167,058
 
SK Chemicals Co., Ltd.
  27,477   6,217,053
#
SK D&D Co., Ltd.
  45,917   1,291,348
 
SK Discovery Co., Ltd.
  68,414   2,785,517
 
SK Gas, Ltd.
  4,227   305,706
 
SK Networks Co., Ltd.
  1,121,588   4,799,889
*
SK Rent A Car Co., Ltd.
  5,142   40,009
 
SK Securities Co., Ltd.
  2,411,100   1,699,421
*
SKC Solmics Co., Ltd.
  171,765   651,568
 
SL Corp.
  94,225   902,675
*
SM Culture & Contents Co., Ltd.
  277,128   396,541
*
SM Entertainment Co., Ltd.
  115,197   3,029,877
*
SM Life Design Group Co., Ltd.
  66,427   107,424
#*
S-MAC Co., Ltd.
  1,016,327   1,207,453
 
SMCore, Inc.
  57,045   394,145
*
SMEC Co., Ltd.
  153,271   241,667
*
SNU Precision Co., Ltd.
  123,171   373,736
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
*
Solborn, Inc.
  80,654   $232,134
#*
Solid, Inc.
  229,788   1,558,253
 
Songwon Industrial Co., Ltd.
  101,183   1,101,933
#*
Sonokong Co., Ltd.
  170,581   238,298
 
Soulbrain Holdings Co., Ltd.
  35,894   2,889,235
 
SPC Samlip Co., Ltd.
  12,646   693,450
#
SPG Co., Ltd.
  73,037   395,854
#
Spigen Korea Co., Ltd.
  16,487   889,870
#*
Ssangyong Motor Co.
  289,427   895,851
*
ST Pharm Co., Ltd.
  48,756   2,519,482
 
Suheung Co., Ltd.
  28,683   1,416,551
 
Sun Kwang Co., Ltd.
  24,809   345,832
#*
SundayToz Corp.
  27,241   548,260
 
Sung Bo Chemicals Co., Ltd.
  57,708   214,337
 
Sung Kwang Bend Co., Ltd.
  96,169   606,404
*
Sungchang Enterprise Holdings, Ltd.
  364,704   542,213
#
Sungdo Engineering & Construction Co., Ltd.
  63,170   191,272
#
Sungshin Cement Co., Ltd.
  115,553   767,743
 
Sungwoo Hitech Co., Ltd.
  321,264   793,502
#
Sunjin Co., Ltd.
  75,392   626,946
#*
Sunny Electronics Corp.
  208,190   631,285
#*
Suprema, Inc.
  30,158   813,806
*
Synergy Innovation Co., Ltd.
  105,399   190,942
*
Synopex, Inc.
  402,183   1,508,765
 
Systems Technology, Inc.
  57,629   935,291
#
Tae Kyung Industrial Co., Ltd.
  55,377   228,366
 
Taekwang Industrial Co., Ltd.
  2,266   1,297,917
*
Taewoong Co., Ltd.
  58,216   628,222
#
Taeyoung Engineering & Construction Co., Ltd.
  234,619   3,160,271
#*
Taihan Electric Wire Co., Ltd.
  1,331,592   897,762
*
Taihan Fiberoptics Co., Ltd.
  319,405   1,013,590
*
Taihan Textile Co., Ltd.
  1,976   55,154
#
Tailim Packaging Co., Ltd.
  119,701   357,288
 
TechWing, Inc.
  73,207   1,315,492
*
Tego Science, Inc.
  7,237   181,872
*
Telcon RF Pharmaceutical, Inc.
  277,957   1,287,950
#
Telechips, Inc.
  59,054   423,861
 
TES Co., Ltd.
  78,960   1,698,242
*
Theragen Etex Co., Ltd.
  162,753   1,459,951
#*
Thinkware Systems Corp.
  30,488   263,593
*
TK Chemical Corp.
  278,532   481,538
 
TK Corp.
  92,797   580,183
*
TOBESOFT Co., Ltd.
  120,531   154,296
#
Tokai Carbon Korea Co., Ltd.
  25,232   1,976,150
#*
Tong Yang Moolsan Co., Ltd.
  469,563   482,795
 
Tongyang Life Insurance Co., Ltd.
  286,083   719,230
#
Tongyang, Inc.
  902,351   905,329
*
Tonymoly Co., Ltd.
  33,132   295,667
 
Top Engineering Co., Ltd.
  78,588   558,713
#
Toptec Co., Ltd.
  114,568   1,704,211
 
Tovis Co., Ltd.
  85,349   518,600
#
TS Corp.
  27,531   462,235
#*
T'way Holdings, Inc.
  194,522   165,979
#
UBCare Co., Ltd.
  136,518   1,403,321
 
Ubiquoss Holdings, Inc.
  38,567   1,025,046
 
Ubiquoss, Inc.
  19,917   626,363
 
UIL Co., Ltd.
  68,655   237,110
#
Uju Electronics Co., Ltd.
  39,632   981,029
*
Uni-Chem Co., Ltd.
  303,270   357,806
The Emerging Markets Small Cap Series
CONTINUED
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SOUTH KOREA — (Continued)
#
Unick Corp.
  67,234   $409,035
 
Unid Co., Ltd.
  33,159   1,336,750
 
Union Semiconductor Equipment & Materials Co., Ltd.
  132,749   743,435
 
Uniquest Corp.
  76,360   732,228
#*
Unison Co., Ltd.
  490,743   838,562
#*
Unitekno Co., Ltd.
  17,561   157,019
 
UniTest, Inc.
  82,374   1,045,165
 
UTI, Inc.
  19,414   263,532
 
Value Added Technology Co., Ltd.
  48,230   964,542
*
Viatron Technologies, Inc.
  69,570   568,298
#*
VICTEK Co., Ltd.
  129,990   812,648
*
Vidente Co., Ltd.
  35,339   200,920
#
Vieworks Co., Ltd.
  48,399   1,468,384
 
Visang Education, Inc.
  41,728   244,424
 
Vitzro Tech Co., Ltd.
  11,550   103,022
 
Vitzrocell Co., Ltd.
  75,098   1,219,103
#*
VitzroSys Co., Ltd.
  4,135   22,093
*
VT GMP Co., Ltd.
  8,360   60,546
*
W Holding Co., Ltd.
  146,913   32,529
*
Webzen, Inc.
  89,808   2,515,072
#*
Welcron Co., Ltd.
  189,702   950,964
*
Wellbiotec Co., Ltd.
  17,722   48,314
 
Wemade Co., Ltd.
  52,283   1,627,540
 
Whanin Pharmaceutical Co., Ltd.
  66,390   855,701
#*
WillBes & Co. (The)
  352,413   380,129
 
Winix, Inc.
  50,207   808,527
 
Wins Co., Ltd.
  39,574   552,454
 
WiSoL Co., Ltd.
  111,508   1,475,423
*
WIZIT Co., Ltd.
  395,737   233,760
*
WONIK CUBE Corp.
  46,479   63,567
*
Wonik Holdings Co., Ltd.
  235,016   978,956
 
Wonik Materials Co., Ltd.
  37,769   917,554
#*
Wonik QnC Corp.
  76,921   1,005,505
*
Wonpung Mulsan Co., Ltd.
  12,366   21,076
 
Woojin, Inc.
  2,070   6,538
*
Woori Investment Bank Co., Ltd.
  1,685,544   827,704
#*
Woori Technology Investment Co., Ltd.
  326,126   734,900
#*
Woori Technology, Inc.
  601,518   375,631
*
Wooridul Pharmaceutical, Ltd.
  82,795   651,112
#*
Wooriro Co., Ltd.
  16,683   22,805
 
Woorison F&G Co., Ltd.
  163,424   264,814
#
Woory Industrial Co., Ltd.
  33,960   549,072
#*
Woosu AMS Co., Ltd.
  139,479   460,113
#
WooSung Feed Co., Ltd.
  103,772   290,099
#*
Woowon Development Co., Ltd.
  34,932   180,710
#
Worldex Industry & Trading Co., Ltd.
  49,210   553,529
 
Y G-1 Co., Ltd.
  115,666   441,464
*
Y-entec Co., Ltd.
  4,556   47,766
#*
Yest Co., Ltd.
  54,484   374,892
*
YG Entertainment, Inc.
  62,114   2,127,878
*
YIK Corp.
  98,562   461,129
#*
YJM Games Co., Ltd.
  191,657   327,666
#*
YMC Co., Ltd.
  69,354   713,097
 
Yonwoo Co., Ltd.
  27,333   379,690
 
Yoosung Enterprise Co., Ltd.
  102,722   214,581
 
Youlchon Chemical Co., Ltd.
  58,875   817,077
 
Young Poong Corp.
  640   279,999
 
Young Poong Precision Corp.
  55,548   342,934
 
Youngone Corp.
  8,534   173,113
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
Youngone Holdings Co., Ltd.
  35,860   $1,047,771
*
YoungWoo DSP Co., Ltd.
  125,945   190,359
 
YTN Co., Ltd.
  73,837   173,766
*
Yuanta Securities Korea Co., Ltd.
  585,292   1,406,121
 
YuHwa Securities Co., Ltd.
  96,255   173,956
*
Yujin Robot Co., Ltd.
  117,663   225,034
*
Yungjin Pharmaceutical Co., Ltd.
  518,587   2,854,385
#*
Yuyang DNU Co., Ltd.
  177,980   136,689
 
Yuyu Pharma, Inc.
  1,676   22,222
#
Zeus Co., Ltd.
  35,614   420,089
TOTAL SOUTH KOREA
      792,148,572
TAIWAN — (20.8%)
 
Sino American Electronic Co.
  564,703   0
 
ABC Taiwan Electronics Corp.
  447,977   319,930
 
Ability Enterprise Co., Ltd.
  1,639,293   682,893
#
Ability Opto-Electronics Technology Co., Ltd.
  417,776   499,110
 
AcBel Polytech, Inc.
  2,406,599   1,851,388
 
Ace Pillar Co., Ltd.
  378,000   286,363
#
ACES Electronic Co., Ltd.
  635,000   568,263
*
Acon Holding, Inc.
  1,218,000   372,065
#
Acter Group Corp., Ltd.
  250,302   1,639,615
 
Action Electronics Co., Ltd.
  1,261,000   443,645
#
Actron Technology Corp.
  389,320   1,051,817
#
A-DATA Technology Co., Ltd.
  1,321,879   2,733,697
#
Addcn Technology Co., Ltd.
  119,299   862,049
 
Adlink Technology, Inc.
  12,000   28,565
 
Advanced Ceramic X Corp.
  250,000   3,488,385
 
Advanced International Multitech Co., Ltd.
  711,000   739,477
*
Advanced Lithium Electrochemistry Cayman Co., Ltd.
  513,111   250,136
#*
Advanced Optoelectronic Technology, Inc.
  681,000   548,004
 
Advanced Power Electronics Corp.
  113,000   106,034
#
Advanced Wireless Semiconductor Co.
  987,409   3,275,829
#
Advancetek Enterprise Co., Ltd.
  1,410,519   858,248
 
AEON Motor Co., Ltd.
  10,800   11,586
 
Aerospace Industrial Development Corp.
  2,860,000   2,601,765
#*
AGV Products Corp.
  2,631,433   648,284
 
Airmate Cayman International Co., Ltd.
  37,234   31,628
#
Alchip Technologies, Ltd.
  318,000   6,506,104
*
ALI Corp.
  1,089,775   1,023,942
 
All Ring Tech Co., Ltd.
  102,000   217,491
#
Allied Circuit Co., Ltd.
  151,000   680,909
#
Allis Electric Co., Ltd.
  971,880   822,877
 
Alltek Technology Corp.
  937,750   593,256
#
Alltop Technology Co., Ltd.
  334,000   1,027,799
#
Alpha Networks, Inc.
  1,759,158   1,491,767
 
Altek Corp.
  1,533,945   1,435,062
#
Amazing Microelectronic Corp.
  353,053   1,086,116
 
Ambassador Hotel (The)
  1,762,000   1,705,589
 
Ampire Co., Ltd.
  542,000   422,918
 
AMPOC Far-East Co., Ltd.
  536,444   599,695
*
AmTRAN Technology Co., Ltd.
  5,606,951   1,809,178
 
Anderson Industrial Corp.
  290,416   76,545
#
Anpec Electronics Corp.
  375,007   1,079,208
#
Apac Opto Electronics, Inc.
  147,000   184,434
 
Apacer Technology, Inc.
  531,325   782,200
 
APAQ Technology Co., Ltd.
  289,120   386,945
#
APCB, Inc.
  840,000   591,135
#
Apex Biotechnology Corp.
  585,483   532,822
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Apex International Co., Ltd.
  1,110,470   $3,048,430
#
Apex Medical Corp.
  421,500   522,576
#*
Apex Science & Engineering
  881,132   373,180
#
Apogee Optocom Co., Ltd.
  48,000   226,984
#
Arcadyan Technology Corp.
  965,055   2,546,574
 
Ardentec Corp.
  2,509,274   3,001,286
#
Argosy Research, Inc.
  313,000   1,324,318
 
Asia Electronic Material Co., Ltd.
  331,000   154,036
#
Asia Optical Co., Inc.
  1,351,000   3,189,322
*
Asia Pacific Telecom Co., Ltd.
  6,978,999   1,746,446
*
Asia Plastic Recycling Holding, Ltd.
  1,217,182   209,926
 
Asia Polymer Corp.
  2,372,193   1,388,787
#
Asia Tech Image, Inc.
  305,000   557,581
#
Asia Vital Components Co., Ltd.
  1,644,058   2,653,157
#
ASPEED Technology, Inc.
  111,599   4,452,870
 
ASROCK, Inc.
  215,000   1,237,159
 
ATE Energy International Co., Ltd.
  9,000   11,979
 
Aten International Co., Ltd.
  536,479   1,536,390
#
Audix Corp.
  475,600   646,716
#
AURAS Technology Co., Ltd.
  378,148   2,935,159
 
Aurona Industries, Inc.
  397,000   217,621
 
Aurora Corp.
  430,349   1,250,253
#
Avalue Technology, Inc.
  290,000   579,004
#
Avermedia Technologies
  931,446   1,139,972
 
AVY Precision Technology, Inc.
  642,841   520,052
#
Awea Mechantronic Co., Ltd.
  199,210   213,972
#
Axiomtek Co., Ltd.
  347,000   678,355
*
Azurewave Technologies, Inc.
  457,000   413,181
 
Bank of Kaohsiung Co., Ltd.
  3,220,693   1,088,651
#
Baolong International Co., Ltd.
  436,000   186,954
 
Basso Industry Corp.
  743,900   986,115
#
BenQ Materials Corp.
  1,157,000   716,037
 
BES Engineering Corp.
  8,697,750   2,218,634
#
Bin Chuan Enterprise Co., Ltd.
  426,070   373,947
#
Bionet Corp.
  132,000   196,971
 
Bionime Corp.
  188,000   476,414
#*
Biostar Microtech International Corp.
  945,975   311,257
 
Bioteque Corp.
  331,308   1,783,812
#
Bizlink Holding, Inc.
  740,492   4,943,636
#*
Boardtek Electronics Corp.
  893,000   794,997
 
Bon Fame Co., Ltd.
  108,000   135,683
 
Bright Led Electronics Corp.
  566,520   270,358
 
Brighton-Best International Taiwan, Inc.
  1,504,318   1,335,670
 
Brogent Technologies, Inc.
  32,000   117,551
#
Browave Corp.
  197,000   422,180
#
C Sun Manufacturing, Ltd.
  764,221   733,494
*
Calin Technology Co., Ltd.
  122,000   93,992
*
Cameo Communications, Inc.
  1,362,818   415,773
 
Capital Futures Corp.
  812,895   1,045,533
 
Capital Securities Corp.
  12,058,501   4,896,616
#
Career Technology MFG. Co., Ltd.
  2,380,843   2,503,626
 
Carnival Industrial Corp.
  585,353   188,158
#
Casetek Holdings, Ltd.
  980,571   2,328,009
 
Cathay Chemical Works
  30,000   18,113
 
Cathay Real Estate Development Co., Ltd.
  3,734,700   2,377,396
 
Cayman Engley Industrial Co., Ltd.
  237,099   581,640
 
CCP Contact Probes Co., Ltd.
  137,000   150,295
#
Celxpert Energy Corp.
  496,000   596,777
 
Center Laboratories, Inc.
  1,632,584   4,172,844
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
 
Central Reinsurance Co., Ltd.
  794,380   $508,916
*
Chain Chon Industrial Co., Ltd.
  909,000   250,121
 
ChainQui Construction Development Co., Ltd.
  617,982   452,061
*
Champion Building Materials Co., Ltd.
  1,845,851   333,857
 
Chang Wah Electromaterials, Inc.
  175,635   1,089,003
#
Chang Wah Technology Co., Ltd.
  774,170   840,140
#
Channel Well Technology Co., Ltd.
  1,081,000   1,113,051
#
Chant Sincere Co., Ltd.
  323,000   385,469
 
Charoen Pokphand Enterprise
  976,985   2,239,079
#
Chaun-Choung Technology Corp.
  165,000   1,421,648
#
CHC Healthcare Group
  595,000   878,284
 
CHC Resources Corp.
  503,282   745,636
#
Chen Full International Co., Ltd.
  515,000   694,232
#
Chenbro Micom Co., Ltd.
  427,000   1,241,729
#
Cheng Loong Corp.
  4,460,383   3,534,387
#*
Cheng Mei Materials Technology Corp.
  3,544,900   937,204
 
Cheng Uei Precision Industry Co., Ltd.
  2,112,331   2,870,339
 
Chenming Electronic Technology Corp.
  575,437   249,254
#
Chia Chang Co., Ltd.
  620,000   804,389
 
Chia Hsin Cement Corp.
  2,599,121   1,473,302
 
Chian Hsing Forging Industrial Co., Ltd.
  188,000   249,082
 
Chicony Power Technology Co., Ltd.
  919,454   2,123,664
#
Chieftek Precision Co., Ltd.
  307,225   871,354
 
Chien Kuo Construction Co., Ltd.
  1,186,249   435,330
 
Chilisin Electronics Corp.
  1,136,380   3,642,260
#
Chime Ball Technology Co., Ltd.
  179,840   212,466
*
China Airlines, Ltd.
  6,744,000   1,839,622
 
China Bills Finance Corp.
  5,633,000   2,817,674
 
China Chemical & Pharmaceutical Co., Ltd.
  1,342,000   1,023,308
 
China Ecotek Corp.
  214,000   232,722
 
China Electric Manufacturing Corp.
  1,614,510   606,457
#
China Fineblanking Technology Co., Ltd.
  361,103   476,724
 
China General Plastics Corp.
  2,477,820   1,463,835
 
China Glaze Co., Ltd.
  310,002   110,131
#
China Man-Made Fiber Corp.
  10,965,799   2,317,677
 
China Metal Products
  1,911,603   1,756,807
 
China Motor Corp.
  1,152,600   1,525,120
#
China Petrochemical Development Corp.
  21,158,150   5,842,260
#
China Steel Chemical Corp.
  910,554   3,062,574
#
China Steel Structure Co., Ltd.
  588,000   504,730
 
China Wire & Cable Co., Ltd.
  593,160   578,963
#
Chinese Maritime Transport, Ltd.
  506,594   402,415
#
Ching Feng Home Fashions Co., Ltd.
  794,409   827,422
 
Chin-Poon Industrial Co., Ltd.
  2,307,207   2,025,561
 
Chipbond Technology Corp.
  3,790,000   7,737,491
 
ChipMOS Techinologies, Inc.
  3,388,076   3,687,642
 
ChipMOS Technologies, Inc., ADR
  5,133   111,860
#
Chlitina Holding, Ltd.
  259,000   1,840,221
 
Chong Hong Construction Co., Ltd.
  1,052,665   3,216,759
 
Chun YU Works & Co., Ltd.
  1,229,000   667,366
 
Chun Yuan Steel Industry Co., Ltd.
  2,618,529   871,555
 
Chung Hsin Electric & Machinery Manufacturing Corp.
  1,973,375   2,062,534
 
Chung Hung Steel Corp.
  6,006,979   1,659,907
 
Chung Hwa Food Industrial Co., Ltd.
  106,850   322,355
#*
Chung Hwa Pulp Corp.
  2,870,405   815,438
#
Chunghwa Chemical Synthesis & Biotech Co., Ltd.
  139,000   246,650
 
Chunghwa Precision Test Tech Co., Ltd.
  9,000   257,753
*
Chuwa Wool Industry Co., Taiwan Ltd.
  25,000   35,561
 
Chyang Sheng Dyeing & Finishing Co., Ltd.
  719,000   278,577
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Cleanaway Co., Ltd.
  475,000   $2,507,205
 
Clevo Co.
  3,300,200   3,708,388
#
CMC Magnetics Corp.
  7,492,498   1,924,241
 
C-Media Electronics, Inc.
  60,000   62,805
#*
CoAsia Electronics Corp.
  591,397   234,484
 
Coland Holdings, Ltd.
  171,000   155,916
#
Collins Co., Ltd.
  562,431   261,936
 
Compeq Manufacturing Co., Ltd.
  286,000   474,089
#
Compucase Enterprise
  444,000   462,472
#*
Concord Securities Co., Ltd.
  3,724,723   1,302,106
#
Concraft Holding Co., Ltd.
  315,516   1,380,152
 
Continental Holdings Corp.
  2,608,320   1,212,041
 
Contrel Technology Co., Ltd.
  821,000   410,025
#
Coremax Corp.
  379,275   773,589
 
Coretronic Corp.
  2,800,200   3,396,662
 
Co-Tech Development Corp.
  1,202,533   1,691,331
 
Cowealth Medical Holding Co., Ltd.
  195,972   231,778
#*
Coxon Precise Industrial Co., Ltd.
  583,000   243,217
#
Creative Sensor, Inc.
  565,000   326,121
*
Crowell Development Corp.
  36,000   29,131
#*
CSBC Corp. Taiwan
  1,346,676   1,140,074
#
CTCI Corp.
  3,442,000   4,102,558
 
C-Tech United Corp.
  151,971   73,290
#
Cub Elecparts, Inc.
  318,299   1,308,731
#
CviLux Corp.
  410,040   430,969
 
Cyberlink Corp.
  303,697   1,117,381
#
CyberPower Systems, Inc.
  279,000   773,633
#
CyberTAN Technology, Inc.
  1,955,779   1,011,459
#
Cypress Technology Co., Ltd.
  214,700   565,585
#
DA CIN Construction Co., Ltd.
  1,226,711   929,760
#
Dadi Early-Childhood Education Group, Ltd.
  205,357   1,240,912
 
Dafeng TV, Ltd.
  394,870   548,685
#
Da-Li Development Co., Ltd.
  1,325,868   1,274,423
*
Danen Technology Corp.
  496,421   113,898
#
Darfon Electronics Corp.
  1,191,550   1,457,250
#*
Darwin Precisions Corp.
  2,601,635   1,066,888
#
Davicom Semiconductor, Inc.
  471,888   344,972
#
Daxin Materials Corp.
  248,200   749,548
#
De Licacy Industrial Co., Ltd.
  1,708,511   1,065,138
#
Delpha Construction Co., Ltd.
  649,931   364,787
 
Depo Auto Parts Ind Co., Ltd.
  665,000   1,143,416
 
Der Pao Construction Co., Ltd.
  902,078   0
 
Dimerco Data System Corp.
  277,000   506,270
#
Dimerco Express Corp.
  689,000   914,914
#
D-Link Corp.
  3,358,668   2,014,850
 
Donpon Precision, Inc.
  104,000   48,528
 
Draytek Corp.
  332,000   311,040
#
Dyaco International, Inc.
  142,813   367,329
 
DYNACOLOR, Inc.
  171,000   175,683
*
Dynamic Electronics Co., Ltd.
  1,658,826   1,002,151
 
Dynapack International Technology Corp.
  759,000   2,160,970
#
E Ink Holdings, Inc.
  4,895,000   6,837,525
 
Eastern Media International Corp.
  2,329,511   1,229,872
 
ECOVE Environment Corp.
  174,000   1,276,024
#
Edimax Technology Co., Ltd.
  983,108   370,970
 
Edison Opto Corp.
  653,000   254,402
#
Edom Technology Co., Ltd.
  1,013,968   580,196
#
eGalax_eMPIA Technology, Inc.
  321,131   634,847
#
Egis Technology, Inc.
  358,000   2,378,080
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Elan Microelectronics Corp.
  1,666,400   $8,955,011
*
E-Lead Electronic Co., Ltd.
  373,942   207,627
#
E-LIFE MALL Corp.
  424,000   1,006,519
#
Elite Advanced Laser Corp.
  815,226   1,948,492
 
Elite Material Co., Ltd.
  1,024,350   6,190,514
 
Elite Semiconductor Microelectronics Technology, Inc.
  1,572,200   2,148,013
*
Elitegroup Computer Systems Co., Ltd.
  2,184,254   889,629
 
eMemory Technology, Inc.
  349,000   6,525,931
 
Emerging Display Technologies Corp.
  748,000   483,618
#
Ennoconn Corp.
  316,378   2,828,595
 
EnTie Commercial Bank Co., Ltd.
  2,292,603   1,116,581
 
Episil Holdings, Inc.
  867,000   939,081
 
Episil-Precision, Inc.
  87,000   212,886
*
Epistar Corp.
  6,300,000   9,753,014
 
Eslite Spectrum Corp. (The)
  72,000   190,750
#
Eson Precision Ind. Co., Ltd.
  515,000   596,011
 
Eternal Materials Co., Ltd.
  5,129,985   5,420,971
*
Etron Technology, Inc.
  2,320,000   786,956
#
Eurocharm Holdings Co., Ltd.
  159,000   517,371
#*
Everest Textile Co., Ltd.
  2,746,696   873,910
 
Evergreen International Storage & Transport Corp.
  3,457,000   1,574,682
 
Everlight Chemical Industrial Corp.
  2,601,606   1,469,682
 
Everlight Electronics Co., Ltd.
  2,383,000   2,960,626
#*
Everspring Industry Co., Ltd.
  921,000   556,740
#
Excellence Opto, Inc.
  72,000   62,764
#
Excelsior Medical Co., Ltd.
  680,209   1,340,499
 
EZconn Corp.
  320,800   395,303
 
Far Eastern Department Stores, Ltd.
  7,240,000   5,820,192
 
Far Eastern International Bank
  15,117,659   5,676,802
#
Faraday Technology Corp.
  1,080,305   1,733,525
#
Farglory F T Z Investment Holding Co., Ltd.
  657,957   595,907
 
Farglory Land Development Co., Ltd.
  1,801,000   2,613,401
#*
Federal Corp.
  2,365,238   1,819,299
#
Feedback Technology Corp.
  191,200   520,055
 
Feng Hsin Steel Co., Ltd.
  2,930,100   5,274,206
 
Firich Enterprises Co., Ltd.
  169,000   166,278
#*
First Copper Technology Co., Ltd.
  840,000   224,747
 
First Hi-Tec Enterprise Co., Ltd.
  404,205   608,728
 
First Hotel
  1,051,350   491,997
 
First Insurance Co., Ltd. (The)
  1,450,179   643,740
 
First Steamship Co., Ltd.
  2,924,424   944,164
#
FIT Holding Co., Ltd.
  485,456   660,856
#
FLEXium Interconnect, Inc.
  1,718,087   8,318,704
#
Flytech Technology Co., Ltd.
  705,309   1,558,560
 
FocalTech Systems Co., Ltd.
  1,685,048   2,124,567
 
FOCI Fiber Optic Communications, Inc.
  199,000   170,916
 
Forest Water Environment Engineering Co., Ltd.
  281,133   441,974
 
Formosa Advanced Technologies Co., Ltd.
  946,000   1,153,194
 
Formosa International Hotels Corp.
  305,329   1,423,783
#
Formosa Laboratories, Inc.
  630,089   1,074,146
#
Formosa Oilseed Processing Co., Ltd.
  367,567   436,227
 
Formosa Optical Technology Co., Ltd.
  160,000   364,787
 
Formosan Rubber Group, Inc.
  1,635,952   964,623
#
Formosan Union Chemical
  2,094,733   991,290
#
Fortune Electric Co., Ltd.
  730,078   837,812
 
Founding Construction & Development Co., Ltd.
  1,035,623   567,509
#
Foxsemicon Integrated Technology, Inc.
  373,027   2,630,786
#
Froch Enterprise Co., Ltd.
  1,045,189   356,379
 
FSP Technology, Inc.
  926,427   755,887
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Fulgent Sun International Holding Co., Ltd.
  646,033   $2,372,687
 
Fullerton Technology Co., Ltd.
  591,600   350,514
#
Fulltech Fiber Glass Corp.
  2,105,313   733,830
 
Fwusow Industry Co., Ltd.
  867,138   584,659
 
G Shank Enterprise Co., Ltd.
  917,281   642,796
*
G Tech Optoelectronics Corp.
  749,354   189,358
#
Gallant Precision Machining Co., Ltd.
  848,000   606,658
#
Gamania Digital Entertainment Co., Ltd.
  647,000   1,469,791
#
GCS Holdings, Inc.
  440,000   800,681
#
GEM Services, Inc.
  327,570   665,295
 
Gemtek Technology Corp.
  2,130,219   1,753,100
 
General Interface Solution Holding, Ltd.
  1,387,000   6,515,630
#
General Plastic Industrial Co., Ltd.
  410,357   373,839
#
Generalplus Technology, Inc.
  344,000   354,115
#
Genesys Logic, Inc.
  462,000   1,213,172
 
Genius Electronic Optical Co., Ltd.
  278,917   6,450,407
#
Genmont Biotech, Inc.
  299,000   233,333
*
GeoVision, Inc.
  460,096   358,049
 
Getac Technology Corp.
  2,245,360   3,224,235
#*
Giantplus Technology Co., Ltd.
  1,722,900   574,129
#
Gigabyte Technology Co., Ltd.
  2,719,800   7,792,058
#
Gigasolar Materials Corp.
  187,880   653,104
#*
Gigastorage Corp.
  1,784,712   535,492
 
Ginko International Co., Ltd.
  295,000   1,392,201
 
Global Brands Manufacture, Ltd.
  1,638,359   868,674
#
Global Lighting Technologies, Inc.
  363,000   1,362,771
 
Global Mixed Mode Technology, Inc.
  408,000   2,167,628
#
Global PMX Co., Ltd.
  248,000   1,403,349
#
Global Unichip Corp.
  479,000   4,761,723
 
Globe Union Industrial Corp.
  1,277,914   534,560
#
Gloria Material Technology Corp.
  3,367,547   1,777,998
*
GlycoNex, Inc.
  258,000   268,482
*
Gold Circuit Electronics, Ltd.
  2,015,227   2,764,693
 
Golden Friends Corp.
  250,600   480,372
 
Goldsun Building Materials Co., Ltd.
  6,414,722   3,666,792
#
Good Will Instrument Co., Ltd.
  353,869   276,772
#
Gourmet Master Co., Ltd.
  529,000   1,695,158
 
Grand Fortune Securities Co., Ltd.
  1,054,000   342,061
 
Grand Ocean Retail Group, Ltd.
  549,000   443,628
*
Grand Pacific Petrochemical
  5,907,000   2,794,377
#
Grand Plastic Technology Corp.
  102,000   1,325,771
 
GrandTech CG Systems, Inc.
  301,750   414,244
 
Grape King Bio, Ltd.
  671,000   4,263,539
 
Great China Metal Industry
  1,052,000   746,979
 
Great Taipei Gas Co., Ltd.
  1,915,000   2,010,294
 
Great Wall Enterprise Co., Ltd.
  3,408,311   5,366,446
 
Greatek Electronics, Inc.
  1,754,000   3,130,213
*
Green Energy Technology, Inc.
  1,570,850   3,217
#
GTM Holdings Corp.
  753,150   587,829
#
Hannstar Board Corp.
  2,308,954   3,295,754
#*
HannStar Display Corp.
  15,963,505   3,759,321
#*
HannsTouch Solution, Inc.
  3,119,782   1,016,304
 
Hanpin Electron Co., Ltd.
  347,000   339,813
 
Harvatek Corp.
  905,949   458,233
#
Hey Song Corp.
  1,991,750   2,156,448
#
Hi-Clearance, Inc.
  135,964   499,257
#
Highlight Tech Corp.
  528,281   646,414
 
HIM International Music, Inc.
  79,710   283,961
 
Hiroca Holdings, Ltd.
  360,448   666,351
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Hitron Technology, Inc.
  721,557   $526,764
 
Ho Tung Chemical Corp.
  5,475,684   1,467,066
#*
Hocheng Corp.
  1,803,700   498,378
 
Hold-Key Electric Wire & Cable Co., Ltd.
  205,908   59,047
#
Holiday Entertainment Co., Ltd.
  559,800   1,258,029
 
Holtek Semiconductor, Inc.
  1,053,000   2,606,157
 
Holy Stone Enterprise Co., Ltd.
  781,910   2,882,279
 
Hong Pu Real Estate Development Co., Ltd.
  1,220,185   989,550
 
Hong TAI Electric Industrial
  1,283,000   495,457
#
Hong YI Fiber Industry Co.
  880,652   473,566
#*
Horizon Securities Co., Ltd.
  2,578,000   818,044
#
Hota Industrial Manufacturing Co., Ltd.
  1,189,932   3,865,542
#
Hotron Precision Electronic Industrial Co., Ltd.
  289,439   415,027
 
Hsin Kuang Steel Co., Ltd.
  1,597,443   1,456,960
#
Hsin Yung Chien Co., Ltd.
  231,505   626,693
#
Hsing TA Cement Co.
  488,162   282,512
 
Hu Lane Associate, Inc.
  397,866   1,026,487
 
HUA ENG Wire & Cable Co., Ltd.
  2,414,565   705,383
 
Hua Yu Lien Development Co., Ltd.
  30,000   37,667
 
Huaku Development Co., Ltd.
  1,401,816   4,066,887
 
Huang Hsiang Construction Corp.
  667,800   855,487
#
Hung Ching Development & Construction Co., Ltd.
  1,021,000   719,982
 
Hung Sheng Construction, Ltd.
  3,404,064   1,998,837
 
Huxen Corp.
  233,244   402,010
*
Hwa Fong Rubber Industrial Co., Ltd.
  1,618,890   697,889
#
Hwacom Systems, Inc.
  442,000   254,141
#
Ibase Technology, Inc.
  919,206   1,356,576
 
IBF Financial Holdings Co., Ltd.
  14,199,731   5,502,420
 
Ichia Technologies, Inc.
  1,499,000   803,294
#*
I-Chiun Precision Industry Co., Ltd.
  997,313   291,587
 
IEI Integration Corp.
  723,832   1,245,137
 
Infortrend Technology, Inc.
  1,164,163   497,702
#
Info-Tek Corp.
  404,000   239,777
#
Innodisk Corp.
  371,121   2,305,254
#
Inpaq Technology Co., Ltd.
  390,950   443,036
#
Insyde Software Corp.
  114,000   433,982
#
Intai Technology Corp.
  157,000   613,639
#*
Integrated Service Technology, Inc.
  482,326   1,160,848
 
IntelliEPI, Inc.
  174,000   289,353
#
International CSRC Investment Holdings Co.
  4,335,363   2,739,231
 
International Games System Co., Ltd.
  205,000   5,252,126
#
Iron Force Industrial Co., Ltd.
  284,393   856,031
 
I-Sheng Electric Wire & Cable Co., Ltd.
  684,000   997,925
 
ITE Technology, Inc.
  872,095   2,115,918
#
ITEQ Corp.
  1,389,040   6,342,591
 
J Touch Corp.
  11,000   0
#
Jarllytec Co., Ltd.
  307,000   650,516
#
Jentech Precision Industrial Co., Ltd.
  499,868   5,438,962
 
Jess-Link Products Co., Ltd.
  569,925   644,191
#
Jih Lin Technology Co., Ltd.
  304,000   463,888
 
Jih Sun Financial Holdings Co., Ltd.
  10,416,434   3,764,233
 
Jinan Acetate Chemical Co., Ltd.
  53,900   242,121
 
Jinli Group Holdings, Ltd.
  839,681   247,368
#
JMC Electronics Co., Ltd.
  208,000   383,645
#
Johnson Health Tech Co., Ltd.
  221,000   512,524
#
Jourdeness Group, Ltd.
  155,000   389,395
#*
K Laser Technology, Inc.
  807,000   413,858
 
Kaimei Electronic Corp.
  801,756   951,490
#
Kaori Heat Treatment Co., Ltd.
  441,197   998,001
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
 
Kaulin Manufacturing Co., Ltd.
  709,330   $247,246
 
KEE TAI Properties Co., Ltd.
  2,518,473   851,059
#
Kenda Rubber Industrial Co., Ltd.
  1,696,000   1,613,419
#
Kenmec Mechanical Engineering Co., Ltd.
  1,161,000   709,485
 
Kerry TJ Logistics Co., Ltd.
  1,241,000   1,664,455
*
Key Ware Electronics Co., Ltd.
  266,244   104,757
 
Kindom Development Co., Ltd.
  1,824,000   2,205,915
 
King Chou Marine Technology Co., Ltd.
  388,920   398,766
 
King Slide Works Co., Ltd.
  184,000   2,123,689
#
King Yuan Electronics Co., Ltd.
  6,354,979   7,692,354
 
King's Town Bank Co., Ltd.
  4,831,701   5,918,683
*
King's Town Construction Co., Ltd.
  533,074   642,852
 
Kinik Co.
  598,000   1,344,539
#*
Kinko Optical Co., Ltd.
  704,000   839,475
 
Kinpo Electronics
  6,839,157   2,292,426
 
Kinsus Interconnect Technology Corp.
  1,620,000   4,265,276
#
KMC Kuei Meng International, Inc.
  336,253   2,001,180
#
KNH Enterprise Co., Ltd.
  589,020   755,409
#
KS Terminals, Inc.
  735,482   1,046,139
 
Kung Long Batteries Industrial Co., Ltd.
  379,000   1,949,491
*
Kung Sing Engineering Corp.
  2,500,991   857,937
 
Kuo Toong International Co., Ltd.
  1,526,648   821,113
#
Kuoyang Construction Co., Ltd.
  1,672,621   1,601,008
 
Kwong Fong Industries Corp.
  498,691   234,848
 
Kwong Lung Enterprise Co., Ltd.
  454,000   669,687
 
KYE Systems Corp.
  1,433,672   410,223
 
L&K Engineering Co., Ltd.
  964,048   1,081,614
#
La Kaffa International Co., Ltd.
  106,701   477,915
*
LAN FA Textile
  1,347,933   337,521
#
Land Mark Optoelectronics Corp.
  441,300   3,955,764
#
Lanner Electronics, Inc.
  544,916   1,065,980
 
Laser Tek Taiwan Co., Ltd.
  410,504   335,801
 
Laster Tech Corp., Ltd.
  199,589   179,214
 
Leader Electronics, Inc.
  262,000   60,794
#*
Lealea Enterprise Co., Ltd.
  4,621,892   1,159,512
 
Ledlink Optics, Inc.
  214,300   175,553
#
LEE CHI Enterprises Co., Ltd.
  1,104,000   384,351
#
Lelon Electronics Corp.
  418,300   665,462
 
Lemtech Holdings Co., Ltd.
  115,982   462,395
*
Leofoo Development Co., Ltd.
  735,563   422,076
*
LES Enphants Co., Ltd.
  152,655   31,042
*
Lextar Electronics Corp.
  1,772,500   1,459,642
 
Li Cheng Enterprise Co., Ltd.
  519,184   553,874
 
Li Peng Enterprise Co., Ltd.
  4,236,897   877,083
#
Lian HWA Food Corp.
  445,153   639,602
 
Lida Holdings, Ltd.
  336,400   375,067
 
Lien Hwa Industrial Holdings Corp.
  3,481,666   5,578,698
 
Lifestyle Global Enterprise, Inc.
  122,000   222,977
*
Lingsen Precision Industries, Ltd.
  2,197,506   809,947
#
Lion Travel Service Co., Ltd.
  235,000   549,365
 
Lite-On Semiconductor Corp.
  1,698,539   2,344,540
 
Long Bon International Co., Ltd.
  1,259,274   595,004
#
Longchen Paper & Packaging Co., Ltd.
  5,433,993   2,726,393
#
Longwell Co.
  714,000   1,322,739
 
Lotes Co., Ltd.
  426,923   6,558,958
#*
Lotus Pharmaceutical Co., Ltd.
  189,000   503,429
 
Lu Hai Holding Corp.
  282,024   417,702
*
Lucky Cement Corp.
  1,232,000   400,830
 
Lumax International Corp., Ltd.
  553,592   1,269,738
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
 
Lung Yen Life Service Corp.
  1,110,000   $2,228,904
#*
LuxNet Corp.
  660,501   638,354
#
Macauto Industrial Co., Ltd.
  328,000   813,363
#
Machvision, Inc.
  219,398   2,075,408
#
Macroblock, Inc.
  213,010   678,919
 
Makalot Industrial Co., Ltd.
  1,145,010   7,061,821
#
Marketech International Corp.
  227,000   909,104
#
Materials Analysis Technology, Inc.
  291,041   933,369
#
Mayer Steel Pipe Corp.
  782,567   416,882
 
Maywufa Co., Ltd.
  69,322   42,387
#
Mechema Chemicals International Corp.
  245,000   546,082
 
Meiloon Industrial Co.
  611,730   450,335
 
Mercuries & Associates Holding, Ltd.
  2,082,696   2,098,273
*
Mercuries Life Insurance Co., Ltd.
  7,162,820   2,315,820
#
Merry Electronics Co., Ltd.
  1,082,216   5,878,243
*
Microbio Co., Ltd.
  2,595,607   6,480,666
#*
Microelectronics Technology, Inc.
  367,655   283,562
 
Mildef Crete, Inc.
  284,000   425,791
#*
MIN AIK Technology Co., Ltd.
  942,452   437,651
#
Mirle Automation Corp.
  983,098   1,508,000
 
Mitac Holdings Corp.
  5,811,918   5,865,106
 
Mobiletron Electronics Co., Ltd.
  410,800   426,973
 
Mosel Vitelic, Inc.
  278,486   301,244
*
Motech Industries, Inc.
  3,152,240   972,275
#
MPI Corp.
  416,000   2,132,681
#
Nak Sealing Technologies Corp.
  370,954   811,095
 
Namchow Holdings Co., Ltd.
  1,040,000   1,490,285
 
Nan Kang Rubber Tire Co., Ltd.
  2,414,952   3,733,079
#
Nan Liu Enterprise Co., Ltd.
  246,000   2,216,121
#
Nan Ren Lake Leisure Amusement Co., Ltd.
  784,000   268,300
 
Nan Ya Printed Circuit Board Corp.
  676,000   2,305,231
#
Nang Kuang Pharmaceutical Co., Ltd.
  255,000   372,169
 
Nantex Industry Co., Ltd.
  1,526,606   1,856,571
 
National Aerospace Fasteners Corp.
  105,000   186,913
 
National Petroleum Co., Ltd.
  227,824   354,070
#
Netronix, Inc.
  360,000   499,290
 
New Best Wire Industrial Co., Ltd.
  195,600   172,920
#
New Era Electronics Co., Ltd.
  312,000   168,962
 
Nexcom International Co., Ltd.
  676,094   544,037
 
Nichidenbo Corp.
  1,055,417   1,710,236
*
Nien Hsing Textile Co., Ltd.
  818,345   433,969
#
Niko Semiconductor Co., Ltd.
  320,000   401,283
 
Nishoku Technology, Inc.
  197,400   523,513
 
Nova Technology Corp.
  67,000   316,823
#
Nuvoton Technology Corp.
  709,127   1,118,820
#
O-Bank Co., Ltd.
  1,862,000   439,279
#*
Ocean Plastics Co., Ltd.
  1,080,200   1,212,012
 
OK Biotech Co., Ltd.
  138,000   128,438
#
OptoTech Corp.
  2,048,804   1,362,718
#
Orient Europharma Co., Ltd.
  201,000   351,714
*
Orient Semiconductor Electronics, Ltd.
  2,537,599   1,026,966
#
Oriental Union Chemical Corp.
  3,471,267   1,831,739
#
O-TA Precision Industry Co., Ltd.
  282,227   360,341
 
Pacific Construction Co.
  1,868,921   583,724
#
Pacific Hospital Supply Co., Ltd.
  353,000   1,099,297
#
Paiho Shih Holdings Corp.
  719,365   705,023
#
Pan Jit International, Inc.
  1,653,486   1,654,177
 
Pan-International Industrial Corp.
  2,558,747   1,566,054
#
Panion & BF Biotech, Inc.
  186,000   745,635
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#*
Paragon Technologies Co., Ltd.
  363,246   $374,274
#
Parpro Corp.
  233,000   187,579
 
PChome Online, Inc.
  223,000   911,265
#
PCL Technologies, Inc.
  268,810   1,191,849
 
P-Duke Technology Co., Ltd.
  329,950   744,391
#
Pharmally International Holding Co., Ltd.
  441,605   1,978,601
*
Phihong Technology Co., Ltd.
  1,846,401   564,076
 
Phoenix Tours International, Inc.
  264,482   268,150
 
Pixart Imaging, Inc.
  727,150   4,949,798
 
Planet Technology Corp.
  196,000   459,812
#
Plastron Precision Co., Ltd.
  627,460   307,373
#
Plotech Co., Ltd.
  632,000   408,349
#
Polytronics Technology Corp.
  343,027   869,332
 
Posiflex Technology, Inc.
  121,457   347,332
#
Power Wind Health Industry, Inc.
  182,205   1,093,052
 
Poya International Co., Ltd.
  152,098   3,193,850
 
President Securities Corp.
  4,773,524   2,673,023
#
Primax Electronics, Ltd.
  2,264,000   3,239,005
 
Prince Housing & Development Corp.
  8,041,644   2,685,033
*
Princeton Technology Corp.
  915,000   224,742
 
Pro Hawk Corp.
  104,000   575,264
 
Prodisc Technology, Inc.
  1,707,199   0
#
Promate Electronic Co., Ltd.
  972,000   1,085,192
*
Promise Technology, Inc.
  59,160   10,012
#
Prosperity Dielectrics Co., Ltd.
  638,559   1,092,000
 
Qisda Corp.
  7,208,900   4,115,781
 
QST International Corp.
  370,000   552,460
 
Qualipoly Chemical Corp.
  541,048   468,530
#
Quang Viet Enterprise Co., Ltd.
  262,000   1,163,406
#
Quanta Storage, Inc.
  1,196,000   1,333,223
*
Quintain Steel Co., Ltd.
  1,362,823   339,463
 
Radiant Opto-Electronics Corp.
  821,000   3,510,108
 
Radium Life Tech Co., Ltd.
  5,152,242   1,714,577
#
Rafael Microelectronics, Inc.
  129,000   626,729
 
Rechi Precision Co., Ltd.
  2,063,181   1,352,490
#
Rexon Industrial Corp., Ltd.
  581,000   1,598,368
 
Rich Development Co., Ltd.
  3,978,036   1,248,224
#
RichWave Technology Corp.
  301,900   2,768,069
*
Right WAY Industrial Co., Ltd.
  119,384   51,165
*
Ritek Corp.
  8,227,924   1,508,515
#*
Roo Hsing Co., Ltd.
  2,461,000   1,204,256
*
Rotam Global Agrosciences, Ltd.
  497,268   225,831
 
Ruentex Development Co., Ltd.
  956,000   1,657,244
#
Ruentex Engineering & Construction Co.
  209,000   421,928
 
Ruentex Industries, Ltd.
  1,991,000   4,360,965
*
Sagittarius Life Science Corp.
  37,889   51,491
 
Samebest Co., Ltd.
  144,420   258,715
 
Sampo Corp.
  1,841,861   1,448,148
#
San Fang Chemical Industry Co., Ltd.
  1,122,647   780,098
 
San Far Property, Ltd.
  540,761   326,527
 
San Shing Fastech Corp.
  751,875   1,167,864
#
Sanitar Co., Ltd.
  245,000   247,466
 
Sanyang Motor Co., Ltd.
  3,554,628   2,533,955
#
SCI Pharmtech, Inc.
  331,395   1,387,229
#
Scientech Corp.
  270,000   536,120
 
SDI Corp.
  855,000   1,333,253
 
Sea Sonic Electronics Co., Ltd.
  45,000   128,308
#
Senao International Co., Ltd.
  589,541   564,719
#
Senao Networks, Inc.
  154,000   511,941
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
 
Sercomm Corp.
  1,306,000   $3,523,308
#
Sesoda Corp.
  1,219,370   919,785
#
Shan-Loong Transportation Co., Ltd.
  453,000   456,606
#
Sharehope Medicine Co., Ltd.
  401,612   538,001
 
Sheng Yu Steel Co., Ltd.
  786,980   472,221
 
ShenMao Technology, Inc.
  425,891   297,624
 
Shieh Yih Machinery Industry Co., Ltd.
  166,000   65,678
#
Shih Her Technologies, Inc.
  233,000   405,410
*
Shih Wei Navigation Co., Ltd.
  731,081   145,738
#
Shihlin Electric & Engineering Corp.
  1,759,000   2,736,542
 
Shin Hai Gas Corp.
  1,245   1,779
 
Shin Zu Shing Co., Ltd.
  916,144   4,820,943
*
Shinih Enterprise Co., Ltd.
  71,000   49,862
*
Shining Building Business Co., Ltd.
  2,684,814   864,677
#
Shinkong Insurance Co., Ltd.
  1,315,131   1,538,734
#
Shinkong Synthetic Fibers Corp.
  7,353,395   2,798,817
 
Shinkong Textile Co., Ltd.
  979,542   1,485,004
#
Shiny Chemical Industrial Co., Ltd.
  453,637   1,757,211
*
Shuttle, Inc.
  2,051,152   662,957
 
Sigurd Microelectronics Corp.
  2,353,907   3,502,667
#*
Silicon Integrated Systems Corp.
  2,639,887   1,118,496
#
Sinbon Electronics Co., Ltd.
  1,271,813   7,560,442
 
Sincere Navigation Corp.
  1,938,139   944,919
 
Single Well Industrial Corp.
  79,224   56,081
 
Sinher Technology, Inc.
  316,000   454,640
 
Sinmag Equipment Corp.
  227,056   604,593
 
Sinon Corp.
  2,427,510   1,632,504
#
Sinopower Semiconductor, Inc.
  41,000   125,958
#
Sinphar Pharmaceutical Co., Ltd.
  935,938   1,341,772
 
Sinyi Realty Co.
  1,439,660   1,416,356
 
Sirtec International Co., Ltd.
  596,600   541,374
#
Sitronix Technology Corp.
  631,879   3,242,727
 
Siward Crystal Technology Co., Ltd.
  904,000   706,933
 
Soft-World International Corp.
  376,000   1,297,672
#*
Solar Applied Materials Technology Co.
  1,849,207   2,732,484
#
Solomon Technology Corp.
  740,000   485,112
 
Solteam, Inc.
  347,034   357,432
 
Sonix Technology Co., Ltd.
  854,000   1,546,572
 
Southeast Cement Co., Ltd.
  919,700   513,418
#*
Speed Tech Corp.
  435,000   1,301,209
#
Spirox Corp.
  485,824   498,544
#
Sporton International, Inc.
  383,192   3,257,180
#
St Shine Optical Co., Ltd.
  280,000   2,960,916
#
Standard Chemical & Pharmaceutical Co., Ltd.
  510,571   726,609
 
Stark Technology, Inc.
  568,688   1,265,944
 
Sun Yad Construction Co., Ltd.
  210,000   90,764
#*
Sunko INK Co., Ltd.
  865,000   294,560
#
SunMax Biotechnology Co., Ltd.
  89,000   230,140
 
Sunny Friend Environmental Technology Co., Ltd.
  363,000   3,225,377
#
Sunonwealth Electric Machine Industry Co., Ltd.
  1,067,487   2,020,012
 
Sunplus Technology Co., Ltd.
  3,060,000   1,286,639
#
Sunrex Technology Corp.
  628,612   997,537
 
Sunspring Metal Corp.
  542,000   423,682
 
Sunty Development Co., Ltd.
  42,000   18,691
 
Supreme Electronics Co., Ltd.
  2,154,508   2,183,226
 
Swancor Holding Co., Ltd.
  391,206   1,401,980
 
Sweeten Real Estate Development Co., Ltd.
  730,061   549,130
#
Symtek Automation Asia Co., Ltd.
  315,069   710,069
 
Syncmold Enterprise Corp.
  626,750   1,697,929
The Emerging Markets Small Cap Series
CONTINUED
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TAIWAN — (Continued)
#
Synmosa Biopharma Corp.
  785,449   $642,688
#
Sysage Technology Co., Ltd.
  686,041   987,370
 
Systex Corp.
  1,015,388   2,809,251
 
T3EX Global Holdings Corp.
  571,117   566,931
#
TA Chen Stainless Pipe
  5,061,496   4,023,460
 
Ta Liang Technology Co., Ltd.
  298,000   443,183
#
Ta Ya Electric Wire & Cable
  3,557,318   1,362,688
 
Ta Yih Industrial Co., Ltd.
  153,000   297,713
#
Tah Hsin Industrial Corp.
  534,600   944,187
 
TAI Roun Products Co., Ltd.
  201,000   75,152
#
TA-I Technology Co., Ltd.
  461,788   1,146,197
#*
Tai Tung Communication Co., Ltd.
  547,197   330,056
 
Taichung Commercial Bank Co., Ltd.
  15,358,514   6,134,159
#
TaiDoc Technology Corp.
  301,470   2,597,464
 
Taiflex Scientific Co., Ltd.
  1,109,340   1,944,012
#
Taimide Tech, Inc.
  613,262   969,157
#
Tainan Enterprises Co., Ltd.
  630,370   395,024
#
Tainan Spinning Co., Ltd.
  7,976,044   2,994,367
*
Tainergy Tech Co., Ltd.
  887,405   546,673
 
Tainet Communication System Corp.
  66,000   106,083
 
Tai-Saw Technology Co., Ltd.
  235,120   224,132
#
TaiSol Electronics Co., Ltd.
  63,000   176,182
#
Taisun Enterprise Co., Ltd.
  1,253,648   948,671
#
Taita Chemical Co., Ltd.
  1,233,497   673,629
#
Taiwan Chinsan Electronic Industrial Co., Ltd.
  616,935   742,827
 
Taiwan Cogeneration Corp.
  2,247,566   3,017,828
 
Taiwan Fertilizer Co., Ltd.
  532,000   1,014,202
 
Taiwan Fire & Marine Insurance Co., Ltd.
  1,353,338   907,535
 
Taiwan FU Hsing Industrial Co., Ltd.
  1,054,000   1,407,770
#*
Taiwan Glass Industry Corp.
  736,000   253,976
 
Taiwan Hon Chuan Enterprise Co., Ltd.
  1,571,468   2,870,175
#
Taiwan Hopax Chemicals Manufacturing Co., Ltd.
  989,120   758,692
 
Taiwan Kolin Co., Ltd.
  1,356,000   0
*
Taiwan Land Development Corp.
  4,264,991   1,012,110
 
Taiwan Line Tek Electronic
  311,777   278,716
#
Taiwan Mask Corp.
  197,000   194,337
 
Taiwan Navigation Co., Ltd.
  1,202,777   639,661
 
Taiwan Optical Platform Co., Ltd.
  9,547   39,729
 
Taiwan Paiho, Ltd.
  1,548,287   3,413,000
#
Taiwan PCB Techvest Co., Ltd.
  1,451,238   1,824,582
*
Taiwan Prosperity Chemical Corp.
  206,622   125,688
 
Taiwan Sakura Corp.
  1,123,803   1,935,056
#
Taiwan Sanyo Electric Co., Ltd.
  417,400   494,731
 
Taiwan Secom Co., Ltd.
  196,000   575,422
 
Taiwan Semiconductor Co., Ltd.
  1,446,000   1,839,144
 
Taiwan Shin Kong Security Co., Ltd.
  1,686,710   2,164,038
 
Taiwan Steel Union Co., Ltd.
  18,000   38,433
#
Taiwan Styrene Monomer
  3,088,209   1,556,535
#
Taiwan Surface Mounting Technology Corp.
  1,465,388   6,740,551
 
Taiwan Taxi Co., Ltd.
  69,740   217,521
 
Taiwan TEA Corp.
  4,887,897   2,778,884
 
Taiwan Union Technology Corp.
  1,414,000   6,553,428
 
Taiyen Biotech Co., Ltd.
  592,883   641,932
*
Tatung Co., Ltd.
  5,982,015   3,263,427
 
Tayih Lun An Co., Ltd.
  242,890   132,616
 
TCI Co., Ltd.
  454,746   4,393,740
 
Te Chang Construction Co., Ltd.
  334,206   322,617
 
Tehmag Foods Corp.
  136,800   1,012,904
 
Ten Ren Tea Co., Ltd.
  164,980   208,518
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
 
Tera Autotech Corp.
  85,000   $80,692
 
Test Research, Inc.
  976,820   1,805,063
 
Test-Rite International Co., Ltd.
  1,697,495   1,263,837
*
Tex-Ray Industrial Co., Ltd.
  545,000   398,088
#
Thinking Electronic Industrial Co., Ltd.
  416,204   1,382,221
#
Thye Ming Industrial Co., Ltd.
  955,669   985,978
*
Ton Yi Industrial Corp.
  5,070,644   1,569,327
 
Tong Hsing Electronic Industries, Ltd.
  1,200,240   5,761,097
 
Tong Yang Industry Co., Ltd.
  2,233,741   2,637,096
 
Tong-Tai Machine & Tool Co., Ltd.
  1,386,892   594,656
 
TOPBI International Holdings, Ltd.
  492,922   669,487
 
Topco Scientific Co., Ltd.
  971,087   3,847,144
 
Topco Technologies Corp.
  283,720   608,769
#
Topkey Corp.
  284,000   1,553,310
#
Topoint Technology Co., Ltd.
  801,898   607,383
#
Toung Loong Textile Manufacturing
  523,000   482,864
*
TPK Holding Co., Ltd.
  2,128,000   3,776,140
 
Trade-Van Information Services Co.
  255,000   413,314
 
Transart Graphics Co., Ltd.
  18,000   38,340
 
Transcend Information, Inc.
  1,084,000   2,437,112
 
Tsang Yow Industrial Co., Ltd.
  299,000   155,830
 
Tsann Kuen Enterprise Co., Ltd.
  357,686   229,033
#
TSC Auto ID Technology Co., Ltd.
  160,470   952,724
*
TSEC Corp.
  2,053,432   1,123,612
#
TSRC Corp.
  3,862,200   2,038,905
 
Ttet Union Corp.
  249,000   1,007,628
#
TTFB Co., Ltd.
  60,000   475,012
 
TTY Biopharm Co., Ltd.
  1,294,979   3,107,118
 
Tung Ho Steel Enterprise Corp.
  4,772,000   3,842,151
#*
Tung Thih Electronic Co., Ltd.
  304,600   768,226
 
TURVO International Co., Ltd.
  339,922   752,862
 
TXC Corp.
  1,706,053   4,378,630
 
TYC Brother Industrial Co., Ltd.
  1,252,980   952,415
*
Tycoons Group Enterprise
  2,401,767   365,020
#
Tyntek Corp.
  1,690,039   780,823
 
UDE Corp.
  402,000   457,123
#
Ultra Chip, Inc.
  351,000   293,081
 
U-Ming Marine Transport Corp.
  2,582,000   2,445,668
 
Union Bank Of Taiwan
  9,734,122   3,456,323
 
Union Insurance Co., Ltd.
  335,660   204,542
#
Unitech Computer Co., Ltd.
  567,804   531,197
#
Unitech Printed Circuit Board Corp.
  3,280,937   2,836,484
#
United Integrated Services Co., Ltd.
  864,951   6,069,843
 
United Orthopedic Corp.
  508,935   593,443
 
United Radiant Technology
  545,000   248,539
*
United Renewable Energy Co., Ltd.
  16,920,108   5,217,518
*
Unity Opto Technology Co., Ltd.
  2,760,500   291,179
 
Univacco Technology, Inc.
  32,000   24,549
 
Universal Cement Corp.
  2,753,433   1,607,733
#
Universal Microwave Technology, Inc.
  314,534   868,055
#*
Unizyx Holding Corp.
  1,638,430   952,883
 
UPC Technology Corp.
  5,957,124   1,911,375
#
Userjoy Technology Co., Ltd.
  186,276   499,570
 
USI Corp.
  5,646,156   2,216,433
#*
Usun Technology Co., Ltd.
  295,200   332,603
 
Utechzone Co., Ltd.
  328,000   565,176
 
Ve Wong Corp.
  660,696   679,094
#
VHQ Media Holdings, Ltd.
  118,000   244,429
 
Victory New Materials, Ltd. Co.
  902,832   328,257
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
#
Visual Photonics Epitaxy Co., Ltd.
  881,772   $2,606,873
#
Vivotek, Inc.
  184,704   463,419
#
Wafer Works Corp.
  2,761,548   3,507,155
#
Waffer Technology Corp.
  619,000   300,959
 
Wah Hong Industrial Corp.
  144,021   119,252
 
Wah Lee Industrial Corp.
  1,058,000   1,975,575
#
Walsin Lihwa Corp.
  2,541,000   1,243,177
#*
Walton Advanced Engineering, Inc.
  1,745,197   576,170
 
Wan Hai Lines, Ltd.
  709,000   421,425
 
WAN HWA Enterprise Co.
  545,238   226,179
#*
Ways Technical Corp., Ltd.
  189,000   111,178
*
We & Win Development Co., Ltd.
  161,000   54,215
 
We&Win Diversification Co., Ltd.
  95,000   49,314
 
Wei Chuan Foods Corp.
  1,918,000   1,316,577
 
Wei Mon Industry Co., Ltd.
  3,075,282   0
#
Weikeng Industrial Co., Ltd.
  2,020,459   1,173,249
#
Well Shin Technology Co., Ltd.
  553,000   854,827
 
Weltrend Semiconductor
  182,000   184,907
*
Wha Yu Industrial Co., Ltd.
  301,000   139,029
 
Wholetech System Hitech, Ltd.
  207,000   196,348
 
Winmate, Inc.
  192,000   403,512
 
Winstek Semiconductor Co., Ltd.
  365,000   297,045
*
Wintek Corp.
  5,447,000   63,796
#
Wisdom Marine Lines Co., Ltd.
  2,395,241   1,768,312
 
Wistron NeWeb Corp.
  1,848,155   4,064,468
 
Wowprime Corp.
  380,000   925,454
 
WT Microelectronics Co., Ltd.
  1,650,450   2,365,806
#
WUS Printed Circuit Co., Ltd.
  1,111,930   1,219,608
 
XAC Automation Corp.
  461,000   385,624
#*
XinTec, Inc.
  108,000   462,451
#
X-Legend Entertainment Co., Ltd.
  106,000   231,699
 
XPEC Entertainment, Inc.
  192,135   16,266
 
Xxentria Technology Materials Corp.
  802,207   1,389,019
*
Yang Ming Marine Transport Corp.
  7,599,981   1,636,298
 
YC INOX Co., Ltd.
  2,223,388   1,758,032
#
YCC Parts Manufacturing Co., Ltd.
  235,000   356,998
*
Yea Shin International Development Co., Ltd.
  897,076   456,984
#
Yem Chio Co., Ltd.
  2,788,673   1,100,112
#
Yeong Guan Energy Technology Group Co., Ltd.
  449,929   1,431,810
 
YFC-Boneagle Electric Co., Ltd.
  577,000   376,919
 
YFY, Inc.
  8,198,212   3,826,610
 
Yi Jinn Industrial Co., Ltd.
  1,231,284   555,080
 
Yieh Phui Enterprise Co., Ltd.
  9,058,049   2,566,051
#
Yonyu Plastics Co., Ltd.
  426,600   475,990
 
Young Fast Optoelectronics Co., Ltd.
  631,872   508,369
#*
Young Optics, Inc.
  143,000   305,619
#
Youngtek Electronics Corp.
  638,666   1,503,350
 
Yuanta Futures Co., Ltd.
  351,178   659,189
 
Yulon Finance Corp.
  723,928   2,597,690
*
Yulon Motor Co., Ltd.
  5,397,000   4,372,494
 
Yung Chi Paint & Varnish Manufacturing Co., Ltd.
  396,869   959,542
 
Yungshin Construction & Development Co., Ltd.
  604,000   690,548
 
YungShin Global Holding Corp.
  1,077,015   1,680,371
 
Yungtay Engineering Co., Ltd.
  17,000   31,932
 
Yusin Holding Corp.
  6,721   14,058
 
Zeng Hsing Industrial Co., Ltd.
  314,107   1,421,499
 
Zenitron Corp.
  1,153,000   732,145
#
Zero One Technology Co., Ltd.
  594,000   872,442
#*
Zig Sheng Industrial Co., Ltd.
  3,070,732   714,086
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
*
Zinwell Corp.
  1,817,586   $1,157,568
#
Zippy Technology Corp.
  713,948   813,275
#
ZongTai Real Estate Development Co., Ltd.
  906,849   1,126,385
TOTAL TAIWAN
      1,092,863,477
THAILAND — (3.3%)
 
AAPICO Hitech PCL
  82,700   22,410
 
AAPICO Hitech PCL
  966,439   261,891
 
Advanced Information Technology PCL, Class F
  838,500   462,509
 
AEON Thana Sinsap Thailand PCL
  411,400   1,424,876
 
After You PCL
  1,491,000   408,821
 
AJ Plast PCL
  1,105,488   620,413
 
Allianz Ayudhya Capital PCL
  195,200   215,185
 
Alucon PCL
  2,200   10,442
 
Amanah Leasing PCL
  1,161,500   93,866
 
Amata Corp. PCL
  5,012,510   2,411,213
 
Amata VN PCL, Class F
  28,100   4,866
 
Ananda Development PCL
  9,957,600   466,226
 
AP Thailand PCL
  15,094,016   2,976,933
*
Asia Aviation PCL
  17,911,400   1,039,674
 
Asia Plus Group Holdings PCL
  10,182,300   564,912
 
Asia Sermkij Leasing PCL
  1,115,600   608,200
 
Asian Insulators PCL
  12,731,600   543,030
 
Bangchak Corp. PCL
  6,063,900   3,772,618
 
Bangkok Airways PCL
  5,194,400   949,509
 
Bangkok Aviation Fuel Services PCL
  1,285,146   849,002
 
Bangkok Chain Hospital PCL
  5,905,437   2,840,746
 
Bangkok Insurance PCL
  195,981   1,784,931
 
Bangkok Land PCL
  80,405,270   2,707,465
 
Bangkok Life Assurance PCL
  1,095,400   569,085
*
Bangkok Ranch PCL
  4,278,300   242,847
 
Bangkok Rubber Pub Co.
  14,600   0
 
Banpu PCL
  12,020,900   2,139,533
 
Banpu Power PCL
  1,249,000   604,823
 
Beauty Community PCL
  11,586,700   520,208
*
BEC World PCL
  6,998,448   1,027,913
*
Better World Green PCL
  14,328,300   284,889
 
BG Container Glass PCL
  455,200   140,140
 
Brooker Group PCL (The)
  1,909,700   24,497
*
Buriram Sugar PCL
  1,103,400   99,786
 
Cal-Comp Electronics Thailand PCL, Class F
  16,244,644   984,603
 
Central Paper Industry PCL
  20   0
*
Central Plaza Hotel PCL
  2,661,300   1,911,749
 
CH Karnchang PCL
  6,742,400   3,956,896
 
Charoong Thai Wire & Cable PCL, Class F
  968,400   156,832
 
Chularat Hospital PCL, Class F
  24,489,000   1,821,999
 
CIMB Thai Bank PCL
  8,597,100   159,908
*
CK Power PCL
  7,111,800   1,151,755
*
COL PCL
  691,200   350,227
 
Com7 PCL, Class F
  3,219,600   3,949,321
 
Communication & System Solution PCL
  865,600   44,137
*
Country Group Development PCL
  25,028,900   481,595
*
Country Group Holdings PCL
  9,214,500   215,717
 
Demco PCL
  260,300   25,377
 
Dhipaya Insurance PCL
  2,523,300   2,346,691
 
Diamond Building Products PCL
  58,000   11,253
 
Do Day Dream PCL
  494,100   234,512
 
Dusit Thani PCL
  114,500   25,704
 
Dynasty Ceramic PCL
  19,489,680   1,512,548
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
THAILAND — (Continued)
 
Eastern Polymer Group PCL, Class F
  5,781,700   $904,825
 
Eastern Power Group PCL
  2,357,508   320,559
 
Eastern Water Resources Development and Management PCL, Class F
  3,948,500   1,253,593
*
Ekachai Medical Care PCL
  927,600   123,749
 
Erawan Group PCL (The)
  8,429,770   897,517
*
Esso Thailand PCL
  5,679,400   1,384,220
 
Forth Corp. PCL
  2,232,200   436,669
 
Forth Smart Service PCL
  1,883,800   389,658
 
Fortune Parts Industry PCL, Class F
  2,699,300   129,847
 
GFPT PCL
  3,128,700   1,334,457
 
Global Green Chemicals PCL, Class F
  2,214,800   653,449
 
GMM Grammy PCL
  154,160   48,202
*
Grande Asset Hotels & Property PCL
  1,507,800   25,144
*
Group Lease PCL
  1,644,700   171,947
 
Gunkul Engineering PCL
  20,209,780   1,736,943
 
Haad Thip PCL
  400,500   227,334
 
Hana Microelectronics PCL
  3,359,596   3,905,567
 
Humanica PCL
  41,600   10,939
*
ICC International PCL
  204,600   195,201
 
Ichitan Group PCL
  4,699,800   1,333,864
*
Interlink Communication PCL
  900,400   118,388
*
Italian-Thai Development PCL
  23,689,827   797,701
*
ITV PCL
  2,785,600   0
 
Jasmine International PCL
  8,204,700   905,128
 
Jubilee Enterprise PCL
  272,500   149,435
 
JWD Infologistics PCL
  415,000   81,183
 
Kang Yong Electric PCL
  6,000   60,226
 
Karmarts PCL
  3,724,500   332,049
 
KCE Electronics PCL
  4,459,800   4,004,631
 
KGI Securities Thailand PCL
  8,329,000   908,157
 
Khon Kaen Sugar Industry PCL
  11,736,637   752,771
 
Khonburi Sugar PCL
  138,500   14,302
 
Kiatnakin Bank PCL
  1,200,800   1,492,215
 
Lalin Property PCL
  194,800   27,737
 
Lam Soon Thailand PCL
  1,442,400   202,604
 
Lanna Resources PCL
  672,250   155,222
 
Lee Feed Mill PCL
  67,000   4,899
 
LH Financial Group PCL
  46,692,539   1,482,422
*
Loxley PCL
  9,362,676   459,389
 
LPN Development PCL
  8,527,002   1,334,459
 
Major Cineplex Group PCL
  3,565,700   1,635,196
 
MBK PCL
  6,460,500   2,444,765
*
MCOT PCL
  1,771,900   272,753
 
MCS Steel PCL
  1,979,600   850,690
 
Mega Lifesciences PCL
  2,083,500   2,255,051
 
Millcon Steel PCL
  3,497,033   77,382
 
Modernform Group PCL
  2,521,500   194,070
*
Mono Technology PCL, Class F
  6,028,600   514,265
 
Muang Thai Insurance PCL
  61,288   169,030
 
Namyong Terminal PCL
  3,014,700   280,370
*
Nava Nakorn PCL
  1,852,800   121,213
*
Nawarat Patanakarn PCL
  2,154,200   36,614
 
Netbay PCL
  596,700   574,072
 
Noble Development PCL
  560,700   195,995
 
Nonthavej Hospital PCL
  8,400   11,314
 
Northeast Rubber PCL
  141,900   12,651
*
Nusasiri PCL
  2,408,400   25,488
 
Origin Property PCL, Class F
  4,930,750   1,043,629
 
PCS Machine Group Holding PCL
  1,737,100   250,684
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
THAILAND — (Continued)
 
Plan B Media Pcl, Class F
  11,250,600   $1,930,272
 
Platinum Group PCL (The), Class F
  3,236,300   261,540
 
Polyplex Thailand PCL
  1,836,150   1,377,885
 
Power Solution Technologies PCL, Class F
  8,101,420   431,279
*
Precious Shipping PCL
  4,758,550   816,427
 
Premier Marketing PCL
  2,465,900   521,925
 
Prima Marine PCL
  4,033,200   1,196,411
*
Principal Capital PCL
  1,537,400   141,007
 
Property Perfect PCL
  48,597,330   623,392
 
Pruksa Holding PCL
  4,551,200   1,649,276
 
PTG Energy PCL
  3,978,600   2,411,466
 
Pylon PCL
  1,829,000   299,139
 
Quality Houses PCL
  48,747,726   3,314,204
*
Raimon Land PCL
  13,342,000   282,393
 
Rajthanee Hospital PCL
  845,900   585,952
 
Ratchthani Leasing PCL
  6,929,437   786,666
*
Regional Container Lines PCL
  2,229,800   201,653
 
Rojana Industrial Park PCL
  5,863,054   808,503
 
RS PCL
  2,386,300   1,408,095
 
S 11 Group PCL
  1,318,400   211,401
 
Sabina PCL
  1,072,000   601,619
 
Saha Pathana Inter-Holding PCL
  699,100   1,373,202
*
Sahakol Equipment PCL
  2,553,800   130,219
 
Sahamitr Pressure Container PCL
  676,000   247,139
 
Saha-Union PCL
  890,100   956,253
 
Samart Corp. PCL
  3,572,600   572,853
*
Samart Digital Public Co., Ltd.
  371,200   1,667
 
Samart Telcoms PCL
  1,185,800   209,153
 
Sansiri PCL
  71,609,910   1,630,499
 
Sappe PCL
  657,800   371,275
 
SC Asset Corp. PCL
  12,259,015   896,354
 
SEAFCO PCL
  3,720,302   829,186
 
Sena Development PCL
  3,371,933   291,966
*
Sermsang Power Corp. Co., Ltd.
  1,133,800   281,791
 
Siam City Cement PCL
  21,754   105,343
 
Siam Future Development PCL
  7,765,647   1,065,885
 
Siam Wellness Group PCL, Class F
  2,910,900   508,760
 
Siamgas & Petrochemicals PCL
  5,263,300   1,502,233
 
Singha Estate PCL
  23,379,354   1,222,107
 
Sino-Thai Engineering & Construction PCL
  5,649,000   2,681,158
 
SNC Former PCL
  626,400   180,794
 
Somboon Advance Technology PCL
  1,895,937   644,494
 
Southern Concrete Pile PCL
  115,700   22,448
 
SPCG PCL
  3,003,400   1,781,862
*
Sri Trang Agro-Industry PCL
  4,847,608   3,925,346
*
Sriracha Construction PCL
  785,100   176,243
 
Srisawad Finance PCL
  414,300   391,946
*
Srithai Superware PCL
  9,605,200   197,140
 
Srivichai Vejvivat PCL
  688,600   146,851
 
Star Petroleum Refining PCL
  10,347,100   2,306,176
 
STP & I PCL
  5,828,964   788,847
 
Supalai PCL
  9,085,491   4,778,387
 
Super Energy Corp. PCL
  88,939,400   2,538,477
 
Susco PCL
  3,412,900   253,922
 
SVI PCL
  1,693,800   191,203
 
Synnex Thailand PCL
  450,340   164,640
 
Syntec Construction PCL
  7,032,800   347,327
 
TAC Consumer PCL, Class F
  1,991,500   386,389
 
Taokaenoi Food & Marketing PCL, Class F
  2,245,080   669,582
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
THAILAND — (Continued)
 
Tapaco PCL
  338,100   $42,503
*
Tata Steel Thailand PCL
  19,785,100   228,418
 
Thai Agro Energy PCL
  1,956,100   164,354
*
Thai Airways International PCL
  4,714,100   444,463
 
Thai Central Chemical PCL
  99,200   63,944
 
Thai Nakarin Hospital PCL
  338,300   360,730
 
Thai Rayon PCL
  40,200   33,519
*
Thai Reinsurance PCL
  12,859,300   424,760
 
Thai Solar Energy PCL, Class F
  5,994,974   549,848
 
Thai Stanley Electric PCL, Class F
  207,400   1,060,861
 
Thai Vegetable Oil PCL
  2,809,375   2,635,267
*
Thai Wacoal PCL
  78,000   113,188
 
Thai Wah PCL, Class F
  2,788,800   347,007
 
Thaicom PCL
  4,067,900   704,455
 
Thaifoods Group PCL
  4,336,400   656,388
 
Thaire Life Assurance PCL
  712,600   53,932
 
Thanachart Capital PCL
  275,800   307,353
 
Thitikorn PCL
  1,344,000   318,948
 
Thoresen Thai Agencies PCL
  8,825,754   854,767
 
Tipco Asphalt PCL
  3,567,000   3,202,950
 
TIPCO Foods PCL
  1,778,482   442,018
 
TKS Technologies PCL
  681,450   122,380
*
TMT Steel PCL
  1,656,300   223,089
 
TPC Power Holdings Co., Ltd.
  1,592,900   669,189
 
TPI Polene PCL
  46,065,200   1,890,915
 
TPI Polene Power PCL
  13,795,400   1,769,634
 
TQM Corp. PCL
  190,400   815,150
 
TTCL PCL
  436,140   40,002
 
TTW PCL
  2,759,300   1,185,749
*
U City PCL, Class F
  16,368,114   766,374
 
UAC Global PCL
  353,200   42,362
 
Union Auction PCL
  1,214,200   266,729
 
Unique Engineering & Construction PCL
  4,394,070   718,665
 
United Paper PCL
  2,025,400   759,951
 
Univanich Palm Oil PCL
  2,378,600   338,683
 
Univentures PCL
  4,605,100   440,093
*
Vanachai Group PCL
  3,632,459   417,035
 
Vibhavadi Medical Center PCL
  4,782,100   236,172
 
Vinythai PCL
  1,626,834   1,241,679
 
WHA Corp. PCL
  6,493,300   670,518
 
WHA Utilities and Power PCL
  6,969,000   983,359
 
Workpoint Entertainment PCL
  1,529,740   485,671
TOTAL THAILAND
      171,488,811
TURKEY — (1.5%)
*
Adese Alisveris Merkezleri Ticaret A.S.
  1,099,020   338,879
*
Afyon Cimento Sanayi TAS
  1,984,487   1,217,968
 
Akcansa Cimento A.S.
  232,748   426,227
 
Aksa Akrilik Kimya Sanayii A.S.
  1,106,016   1,177,218
*
Aksa Enerji Uretim A.S.
  1,053,527   830,036
 
Aksigorta A.S.
  723,954   785,783
#*
Alarko Holding A.S.
  883,782   689,393
#*
Albaraka Turk Katilim Bankasi A.S.
  4,656,123   1,059,839
 
Alkim Alkali Kimya A.S.
  640,186   1,222,132
#
Anadolu Anonim Turk Sigorta Sirketi
  1,578,650   1,444,854
#
Anadolu Cam Sanayii A.S.
  1,119,550   785,172
 
Anadolu Hayat Emeklilik A.S.
  514,276   596,909
 
AvivaSA Emeklilik ve Hayat A.S., Class A
  211,469   413,958
#
Aygaz A.S.
  509,098   923,661
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
TURKEY — (Continued)
*
Bagfas Bandirma Gubre Fabrikalari A.S.
  195,965   $474,939
*
Bera Holding A.S.
  2,782,485   3,289,835
#*
Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.
  879,607   371,584
 
Bizim Toptan Satis Magazalari A.S.
  159,620   389,580
*
Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
  192,327   378,319
 
Borusan Yatirim ve Pazarlama A.S.
  31,790   415,076
 
Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.
  286,187   463,186
*
Cimsa Cimento Sanayi VE Ticaret A.S.
  431,660   722,427
 
Deva Holding A.S.
  195,430   577,856
#
Dogan Sirketler Grubu Holding A.S.
  6,545,028   1,977,100
#
Dogus Otomotiv Servis ve Ticaret A.S.
  272,399   665,645
 
EGE Endustri VE Ticaret A.S.
  6,492   674,691
 
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.
  1,385,387   1,250,285
 
Erbosan Erciyas Boru Sanayii ve Ticaret A.S.
  76,729   260,749
*
Fenerbahce Futbol A.S.
  190,973   366,632
*
Global Yatirim Holding A.S.
  933,742   627,319
*
Goldas Kuyumculuk Sanayi Ithalat Ve B
  8,540   0
*
Goodyear Lastikleri TAS
  507,133   398,635
*
Gozde Girisim Sermayesi Yatirim Ortakligi A.S.
  1,043,152   849,451
 
GSD Holding A.S.
  1,439,487   531,087
#*
Gubre Fabrikalari TAS
  508,411   2,136,244
#
Hektas Ticaret TAS
  777,982   1,650,435
*
Ihlas Holding A.S.
  3,402,242   443,173
#
Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S.
  179,897   346,613
*
Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S.
  675,673   1,273,655
#*
Is Finansal Kiralama A.S.
  1,765,589   1,021,750
 
Is Yatirim Menkul Degerler A.S., Class A
  973,297   1,093,563
*
Isiklar Enerji ve Yapi Holding A.S.
  4,524,519   598,643
#
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class A
  1,133,490   720,050
#
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S., Class D
  4,728,746   2,022,973
#
Kartonsan Karton Sanayi ve Ticaret A.S.
  4,074   392,349
*
Kerevitas Gida Sanayi ve Ticaret A.S.
  962,829   739,383
 
Kordsa Teknik Tekstil A.S.
  336,416   574,279
#*
Koza Anadolu Metal Madencilik Isletmeleri A.S.
  1,195,657   2,444,053
*
Kutahya Porselen Sanayi A.S.
  7,678   36,204
*
Logo Yazilim Sanayi Ve Ticaret A.S.
  123,524   1,607,135
*
Mavi Giyim Sanayi Ve Ticaret AS, Class B
  202,837   1,200,849
*
Menderes Tekstil Sanayi ve Ticaret A.S.
  219,539   95,841
#*
Metro Ticari ve Mali Yatirimlar Holding A.S.
  1,698,921   483,546
#*
Migros Ticaret A.S.
  456,336   2,939,446
*
MLP Saglik Hizmetleri A.S.
  500,109   1,263,485
 
Nergis Holding A.S.
  1,784   0
*
NET Holding A.S.
  1,416,103   511,850
#*
Netas Telekomunikasyon A.S.
  164,979   396,343
 
Nuh Cimento Sanayi A.S.
  448,122   1,136,369
#*
ODAS Elektrik Uretim ve Sanayi Ticaret A.S.
  3,675,778   1,327,486
#
Otokar Otomotiv Ve Savunma Sanayi A.S.
  51,098   1,233,318
*
Oyak Cimento Fabrikalari A.S.
  1,496,960   1,774,561
#*
Parsan Makina Parcalari Sanayii A.S.
  126,184   344,784
#*
Pegasus Hava Tasimaciligi A.S.
  274,805   1,874,048
#*
Petkim Petrokimya Holding A.S.
  1,740,749   974,373
 
Polisan Holding A.S.
  1,148,729   543,727
 
Raks Elektronik Sanayi ve Ticaret A.S.
  2,730   0
*
Reysas Tasimacilik ve Lojistik Ticaret A.S.
  339,969   252,206
 
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.
  1,375,197   1,337,271
#
Sasa Polyester Sanayi A.S.
  566,919   1,098,517
#*
Sekerbank Turk A.S.
  2,648,150   562,552
 
Selcuk Ecza Deposu Ticaret ve Sanayi A.S.
  850,157   1,034,660
#
Soda Sanayii A.S.
  2,698,030   2,525,270
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
TURKEY — (Continued)
#
Tat Gida Sanayi A.S.
  435,934   $719,633
#
TAV Havalimanlari Holding A.S.
  360,988   860,876
#
Tekfen Holding A.S.
  1,083,878   2,366,740
#
Trakya Cam Sanayii A.S.
  2,957,173   1,602,492
#*
Turcas Petrol A.S.
  822,759   426,588
 
Turk Traktor ve Ziraat Makineleri A.S.
  80,475   1,248,150
#*
Turkiye Sinai Kalkinma Bankasi A.S.
  8,367,261   1,358,844
*
Ulker Biskuvi Sanayi A.S.
  814,973   3,031,137
*
Vestel Elektronik Sanayi ve Ticaret A.S.
  395,418   992,581
*
Yatas Yatak ve Yorgan Sanayi ve Ticaret A.S.
  846,657   1,092,862
#*
Zorlu Enerji Elektrik Uretim A.S.
  1,892,606   656,862
TOTAL TURKEY
      80,964,194
UNITED ARAB EMIRATES — (0.1%)
 
Air Arabia PJSC
  2,036,714   638,917
 
Amanat Holdings PJSC
  794,396   184,327
*
Amlak Finance PJSC
  809,929   74,724
*
Arabtec Holding PJSC
  1,903,953   673,372
 
Aramex PJSC
  552,503   489,076
*
DAMAC Properties Dubai Co. PJSC
  1,809,065   447,566
 
Dana Gas PJSC
  1,252,696   246,293
*
Deyaar Development PJSC
  5,105,966   377,566
 
Dubai Financial Market PJSC
  528,693   116,494
 
Dubai Investments PJSC
  735,794   232,043
*
DXB Entertainments PJSC
  3,197,905   106,514
*
Eshraq Investments PJSC
  408,744   38,142
*
Gulf Navigation Holding PJSC
  604,602   78,825
 
National Central Cooling Co. PJSC
  220,269   117,610
 
RAK Properties PJSC
  226,876   23,163
TOTAL UNITED ARAB EMIRATES
      3,844,632
TOTAL COMMON STOCKS
      5,068,426,439
PREFERRED STOCKS — (1.1%)
BRAZIL — (1.1%)
 
AES Tiete Energia SA
  7,992   4,596
 
Alpargatas SA
  1,117,611   6,740,095
*
AZUL SA
  199,682   777,437
 
Banco ABC Brasil SA
  653,999   1,762,702
 
Banco do Estado do Rio Grande do Sul SA, Class B
  1,444,406   3,948,439
 
Banco Pan SA
  55,055   104,167
*
Banco Pine SA
  87,300   51,712
 
Centrais Eletricas Santa Catarina
  80,500   834,853
 
Cia de Saneamento do Parana
  7,412,803   8,611,359
 
Cia de Transmissao de Energia Eletrica Paulista
  877,578   3,791,895
 
Cia Energetica de Sao Paulo, Class B
  1,432,460   8,787,172
 
Cia Energetica do Ceara, Class A
  126,639   1,614,380
 
Cia Ferro Ligas da Bahia - FERBASA
  317,134   1,093,073
 
Cia Paranaense de Energia
  601,999   7,660,368
*
Eucatex SA Industria e Comercio
  196,878   237,768
*
Gol Linhas Aereas Inteligentes SA
  8,548   29,348
 
Grazziotin SA
  12,400   60,734
 
Marcopolo SA
  4,272,811   2,440,881
 
Randon SA Implementos e Participacoes
  1,096,374   2,469,524
 
Schulz SA
  78,800   182,024
 
Unipar Carbocloro SA
  410,903   2,154,334
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value»
 
BRAZIL — (Continued)
 
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A
  2,442,271   $3,806,283
TOTAL BRAZIL
      57,163,144
CHILE — (0.0%)
 
Coca-Cola Embonor SA, Class B
  657,545   894,607
COLOMBIA — (0.0%)
 
Avianca Holdings SA
  485,000   24,036
TOTAL PREFERRED STOCKS
      58,081,787
RIGHTS/WARRANTS — (0.0%)
BRAZIL — (0.0%)
*
CVC Brasil Operadora e Agencia de Viagens SA Rights 08/13/20
  158,262   491,483
*
Gafisa SA Rights 06/15/20
  3   0
TOTAL BRAZIL
      491,483
CHILE — (0.0%)
*
Grupo Security SA Rights 08/18/20
  804,048   0
INDIA — (0.0%)
*
Gateway Distriparks, Ltd. Rights 08/13/20
  47,319   9,791
*
Mahindra & Mahindra Financial Services, Ltd. Rights 08/11/20
  646,761   633,253
TOTAL INDIA
      643,044
SOUTH AFRICA — (0.0%)
*
Foschini Group, Ltd. (The) Rights 08/07/20
  294,674   472,341
#*
Sun International, Ltd. Rights 08/07/20
  813,930   5,714
TOTAL SOUTH AFRICA
      478,055
SOUTH KOREA — (0.0%)
*
Chorokbaem Media Co., Ltd. Rights 08/04/20
  140,228   40,018
*
Jejuair Co., Ltd. Rights 08/06/20
  20,903   44,739
*
Jejuair Co., Ltd. Rights 08/10/20
  11,847   153,631
*
Pobis TNC Co., Ltd. Rights 07/09/20
  250,676   27,353
*
SBW, Inc. Rights 08/10/20
  582,784   114,463
TOTAL SOUTH KOREA
      380,204
TAIWAN — (0.0%)
*
OK Biotech Co., Ltd.08/07/20
  20,528   876
*
Shin Zu Shing Co., Ltd. Rights 08/24/20
  37,799   56,774
TOTAL TAIWAN
      57,650
THAILAND — (0.0%)
*
Better World Green PCL Rights 08/14/20
  358,207   0
*
Northeast Rubber PCL
  28,380   1,411
*
PP Prime PCL
  72,300   324
*
Tapaco PCL Rights 03/18/22
  169,050   1,735
TOTAL THAILAND
      3,470
TOTAL RIGHTS/WARRANTS
      2,053,906
TOTAL INVESTMENT SECURITIES

(Cost $5,039,674,007)
      5,128,562,132
    
The Emerging Markets Small Cap Series
CONTINUED
      Shares   Value†
SECURITIES LENDING COLLATERAL — (2.4%)
@§
The DFA Short Term Investment Fund
  10,871,899   $125,798,741
TOTAL INVESTMENTS — (100.0%)    
(Cost $5,165,451,007)^^
      $5,254,360,873
As of July 31, 2020, The Emerging Markets Small Cap 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
  401   09/18/20   $62,646,393   $65,433,175   $2,786,782
Total Futures Contracts
          $62,646,393   $65,433,175   $2,786,782
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              
Belgium
—   $351,383   —   $351,383
Brazil
$291,055,269   —   —   291,055,269
Canada
3,971,099   —   —   3,971,099
Chile
56,834,285   140,932   —   56,975,217
China
79,846,949   1,089,259,497   —   1,169,106,446
Colombia
7,358,961   —   —   7,358,961
Greece
—   24,163,588   —   24,163,588
Hong Kong
—   4,425,096   —   4,425,096
Hungary
—   5,666,993   —   5,666,993
India
414,602   604,237,199   —   604,651,801
Indonesia
348,363   93,763,627   —   94,111,990
Malaysia
—   122,741,055   —   122,741,055
Mexico
120,738,857   15,897   —   120,754,754
Philippines
63,842   51,651,907   —   51,715,749
Poland
—   58,197,115   —   58,197,115
Qatar
—   10,196,872   —   10,196,872
Russia
20,489,880   —   —   20,489,880
Saudi Arabia
340,490   32,748,678   —   33,089,168
South Africa
37,064,830   211,029,487   —   248,094,317
South Korea
2,327,948   789,820,624   —   792,148,572
Taiwan
111,860   1,092,751,617   —   1,092,863,477
Thailand
171,488,811   —   —   171,488,811
Turkey
—   80,964,194   —   80,964,194
United Arab Emirates
—   3,844,632   —   3,844,632
Preferred Stocks              
Brazil
57,163,144   —   —   57,163,144
Chile
894,607   —   —   894,607
Colombia
24,036   —   —   24,036
Rights/Warrants              
Brazil
—   491,483   —   491,483
India
—   643,044   —   643,044
South Africa
—   478,055   —   478,055
South Korea
—   380,204   —   380,204
Taiwan
—   57,650   —   57,650
Thailand
—   3,470   —   3,470
The Emerging Markets Small Cap Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Securities Lending Collateral
—   $125,798,741   —   $125,798,741
Futures Contracts**
$2,786,782   —   —   2,786,782
TOTAL
$853,324,615   $4,403,823,040   —   $5,257,147,655
** 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
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
The Tax-Managed U.S. Marketwide Value Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
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 ten are included in this document and are "Master Funds" in a master-feeder structure (collectively, the "Series").
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 , The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series), including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Advisor) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the International Equity Portfolios has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio
uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series' investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:
1.    FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific types of derivative instruments used by the Series:
2.    FUTURES CONTRACTS: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to 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 Japanese Small Company Series
2,911,896
  Federal
Tax Cost
The Asia Pacific Small Company Series
$1,653,956
The United Kingdom Small Company Series
1,804,259
The Continental Small Company Series
4,820,097
The Canadian Small Company Series
1,119,219
The Emerging Markets Series
4,262,479
The Emerging Markets Small Cap Series
5,165,262
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.