Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

As a shareholder of Old Westbury Funds, Inc., you incur ongoing costs, including management fees and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from Nov 1, 2018 through April 30, 2019.

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Actual Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

The table below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, these tables are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Shares			Value
COMMON STOCKS — 98.2%
Banks — 6.0%
	1,287,720	Bank of America Corp.	$	39,378,478
	572,135	Citigroup, Inc.		40,449,945
	805,270	Morgan Stanley		38,854,278
				118,682,701
Communication Services — 9.0%
	482,915	Activision Blizzard, Inc.		23,281,332
	54,820	Alphabet, Inc. - Class C(a)		65,152,474
	234,385	Facebook, Inc. - Class A(a)		45,330,059
	346,685	Tencent Holdings Ltd.		17,087,293
	196,005	Walt Disney Co. (The)		26,846,805
				177,697,963
Consumer Discretionary — 11.7%
	61,398	Advance Auto Parts, Inc.		10,211,715
	147,905	Alibaba Group Holding Ltd. - ADR(a)		27,446,731
	38,680	Amazon.com, Inc.(a)		74,517,794
	13,621	Booking Holdings, Inc.(a)		25,266,819
	161,755	Home Depot, Inc. (The)		32,949,494
	348,365	NIKE, Inc. - Class B		30,596,898
	2,837,841	Samsonite International SA		8,138,868
	145,640	Six Flags Entertainment Corp.		7,732,028
	258,705	Wyndham Hotels & Resorts, Inc.		14,415,043
				231,275,390
Consumer Staples — 4.7%
	520,705	Church & Dwight Co., Inc.		39,026,840
	84,816	Ingredion, Inc.		8,036,315
	32,411	JM Smucker Co. (The)		3,974,561
	324,630	PepsiCo, Inc.		41,568,872
				92,606,588
Diversified Financials — 4.8%
	42,891	BlackRock, Inc.		20,812,429
	119,165	CME Group, Inc.		21,318,619
	489,615	Discover Financial Services		39,898,726
	139,872	Nasdaq, Inc.		12,896,198
				94,925,972
Energy — 3.7%
	217,721	Apergy Corp.(a)		8,641,346
	705,830	ConocoPhillips		44,551,990
	124,790	Pioneer Natural Resources Co.		20,772,543
				73,965,879
Health Care — 15.2%
	663,520	Baxter International, Inc.		50,626,576
	46,860	Cooper Cos., Inc.		13,585,651
	286,910	Danaher Corp.		37,998,360
	51,126	Laboratory Corp of America Holdings(a)		8,176,070
	963,605	Pfizer, Inc.		39,131,999
	84,106	STERIS Plc		11,016,204

Shares			Value
Health Care (continued)
	40,555	Teleflex, Inc.	$	11,606,030
	139,450	Thermo Fisher Scientific, Inc.		38,690,403
	113,555	UnitedHealth Group, Inc.		26,466,264
	30,437	Waters Corp.(a)		6,499,517
	77,845	West Pharmaceutical Services, Inc.		9,636,433
	453,935	Zoetis, Inc.		46,228,740
				299,662,247
Industrials — 13.7%
	148,200	Allegion Plc		14,705,886
	165,385	AO Smith Corp.		8,694,289
	204,000	Cintas Corp.		44,296,560
	133,652	Dover Corp.		13,103,242
	416,304	Fortive Corp.		35,943,687
	78,679	Harris Corp.		13,257,412
	55,870	IDEX Corp.		8,752,594
	273,926	KAR Auction Services, Inc.		15,471,340
	211,625	Raytheon Co.		37,582,484
	755,176	Rentokil Initial Plc		3,848,544
	319,580	Safran SA		46,582,521
	77,260	Verisk Analytics, Inc.		10,904,476
	157,540	Waste Management, Inc.		16,910,344
				270,053,379
Information Technology — 20.2%
	59,740	ANSYS, Inc.(a)		11,697,091
	182,985	Apple, Inc.		36,719,600
	81,800	CDW Corp.		8,638,079
	188,073	CoreLogic, Inc.(a)		7,637,645
	287,290	Fidelity National Information Services, Inc.		33,305,530
	796,780	Microsoft Corp.		104,059,468
	200,460	salesforce.com, Inc.(a)		33,146,061
	131,765	ServiceNow, Inc.(a)		35,775,515
	112,850	Synopsys, Inc.(a)		13,663,877
	365,945	Texas Instruments, Inc.		43,119,299
	357,645	Visa, Inc. - Class A		58,807,567
	100,823	Worldpay, Inc. - Class A(a)		11,817,464
				398,387,196
Insurance — 2.1%
	285,545	CHUBB Ltd.		41,461,134
Materials — 2.3%
	96,458	AptarGroup, Inc.		10,729,988
	376,750	Axalta Coating Systems Ltd.(a)		10,164,715
	372,555	Rio Tinto Ltd.		25,111,094
				46,005,797
Real Estate — 1.8%
	179,055	American Tower Corp. REIT		34,969,442
Utilities — 3.0%
	372,935	Ameren Corp.		27,138,480

Shares			Value
Utilities (continued)
	304,220	American Water Works Co., Inc.	$	32,913,562
				60,052,042
Total Common Stocks (Cost $1,413,701,737)				1,939,745,730
INVESTMENT COMPANY — 1.9%
	37,153,790	SEI Daily Income Trust Government II Fund, Class A, 2.25%(b)		37,153,790
Total Investment Company (Cost $37,153,789)				37,153,790

TOTAL INVESTMENTS — 100.1% (Cost $1,450,855,526)			$	1,976,899,520
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)%				(2,136,527	)
NET ASSETS — 100.0%			$	1,974,762,993

(a)	Non-income producing security.
(b)	The rate shown represents the current yield as of April 30, 2019.

The following abbreviations are used in the report:

ADR-American Depositary Receipt

REIT-Real Estate Investment Trust

Portfolio Diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Information Technology		20.2	%
Health Care		15.2
Industrials		13.7
Consumer Discretionary		11.7
Communication Services		9.0
Banks		6.0
Diversified Financials		4.8
Consumer Staples		4.7
Energy		3.7
Utilities		3.0
Materials		2.3
Insurance		2.1
Real Estate		1.8
Other*		1.8
		100.0	%

Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Value
COMMON STOCKS — 96.1%
AUSTRALIA — 1.2%
	552,000	Atlassian Corp. Plc - Class A(a)	$	60,802,800
	88,633	Caltex Australia Ltd.		1,699,563
	787,360	CSL Ltd.		110,436,535
	415,108	Oil Search Ltd.		2,273,311
	499,214	Origin Energy Ltd.		2,594,200
	633,555	Santos Ltd.		3,206,177
	6,305,988	St Barbara Ltd.(b)		14,245,174
	73,672	Washington H. Soul Pattinson & Co. Ltd.		1,194,892
	332,234	Woodside Petroleum Ltd.		8,282,505
	135,547	WorleyParsons Ltd.		1,365,874
				206,101,031
AUSTRIA — 0.0%
	55,564	OMV AG		2,980,415
BELGIUM — 0.3%
	5,500	Colruyt SA		397,041
	375,762	Galapagos NV - ADR(a)(b)		43,212,630
	2,770	Orange Belgium SA		58,116
				43,667,787
BERMUDA — 0.0%
	3,169	Axis Capital Holdings Ltd.		180,158
BRAZIL — 1.7%
	17,655,200	Ambev SA		83,163,282
	2,651,430	Ambev SA - ADR		12,488,235
	1,040,454	B3 SA - Brasil Bolsa Balcao		9,167,755
	2,327,029	Banco Bradesco SA - ADR		21,082,883
	326,536	Cia Brasileira de Distribuicao - ADR		8,019,724
	119,951	Cosan SA Industria e Comercio		1,428,913
	4,129,180	Embraer SA		20,661,169
	2,190,274	Itau Unibanco Holding SA - ADR		18,945,870
	2,286,308	Linx SA(b)		18,897,565
	614,300	Localiza Rent a Car SA		5,716,714
	1,938,900	Pagseguro Digital Ltd.(a)		50,527,734
	1,019,104	Petroleo Brasileiro SA		7,799,676
	346,600	Raia Drogasil SA		6,061,147
	240,564	Ultrapar Participacoes SA		1,290,215
	2,607,160	WEG SA		12,420,430
				277,671,312
CANADA — 2.4%
	222,673	ARC Resources Ltd.		1,414,456
	75,796	Bank of Montreal		5,986,962
	99,060	Bank of Nova Scotia (The)		5,455,435
	121,107	Cameco Corp.		1,336,091
	748,127	Canadian Apartment Properties REIT		26,765,491
	66,145	Canadian Imperial Bank of Commerce		5,569,767
	440,844	Canadian Natural Resources Ltd.		13,234,863
	340,203	Cenovus Energy, Inc.		3,372,319

Shares			Value
CANADA (continued)
	577,371	Choice Properties Real Estate Investment Trust, REIT	$	5,878,436
	2,379	Cineplex, Inc.		45,495
	361,228	Enbridge, Inc.		13,343,762
	342,005	Enbridge, Inc.		12,634,043
	528,255	Encana Corp.		3,659,182
	76,930	George Weston Ltd.		5,744,053
	143,432	Husky Energy, Inc.		1,556,693
	97,295	Imperial Oil Ltd.		2,826,544
	125,857	Inter Pipeline Ltd.		2,049,862
	63,497	Keyera Corp.		1,467,394
	119,167	National Bank of Canada		5,676,822
	533,153	Open Text Corp.		20,495,170
	177,043	Pembina Pipeline Corp.		6,330,044
	2,710,866	Peyto Exploration & Development Corp.(b)		12,242,098
	105,774	PrairieSky Royalty Ltd.		1,524,592
	1,532,055	Restaurant Brands International, Inc.		99,951,268
	73,633	Royal Bank of Canada		5,868,325
	196,159	Seven Generations Energy Ltd. - Class A(a)		1,537,411
	267,000	Shopify, Inc. - Class A(a)		65,022,510
	571,615	Suncor Energy, Inc.		18,850,452
	228,857	Thomson Reuters Corp.		14,142,772
	99,996	Toronto-Dominion Bank (The)		5,704,035
	1,156,588	Tourmaline Oil Corp.		17,292,272
	319,952	TransCanada Corp.		15,270,382
	69,606	Vermilion Energy, Inc.		1,777,429
				404,026,430
CHILE — 0.0%
	206,295	Banco Santander Chile - ADR		5,776,259
	114,647	Empresas COPEC SA		1,438,800
				7,215,059
CHINA — 4.9%
	215,151	51Job, Inc. - ADR(a)		19,867,043
	1,524,826	AAC Technologies Holdings, Inc.		9,905,515
	1,350,091	Alibaba Group Holding Ltd. - ADR(a)		250,536,387
	76,694	Autohome, Inc. - ADR(a)		8,857,390
	75,951	Baidu, Inc. - ADR(a)		12,625,335
	223,171	China Lesso Group Holdings Ltd.		158,033
	9,584,900	China Petroleum & Chemical Corp. - H Shares		7,368,005
	1	China SCE Group Holdings Ltd.		0
	32,267,477	China Shenhua Energy Co. Ltd. - H Shares(b)		71,422,806
	6,447,755	CNOOC Ltd.		11,711,279
	116,432	CNOOC Ltd. - ADR		21,153,366
	4,974,114	CSPC Pharmaceutical Group Ltd.		9,601,191
	211,335	Ctrip.com International Ltd. - ADR(a)		9,309,307

Shares			Value
CHINA (continued)
	2,728,058	ENN Energy Holdings Ltd.	$	25,782,838
	3,768,956	Haitian International Holdings Ltd.		9,451,038
	193,076	JD.Com, Inc. - ADR(a)		5,844,411
	7,417,761	PetroChina Co. Ltd. - H Shares		4,702,073
	1,269,500	Ping An Insurance Group Co. of China Ltd. - H Shares		15,366,873
	1,380,458	Shenzhou International Group Holdings Ltd.		18,554,497
	1,175,243	Sunny Optical Technology Group Co. Ltd.		14,376,869
	5,756,080	Tencent Holdings Ltd.		283,703,729
	108,084	Weibo Corp. - ADR(a)		7,403,753
				817,701,738
COLUMBIA — 0.1%
	318,823	Bancolombia SA - ADR		16,170,703
	2,112,301	Ecopetrol SA		1,950,118
				18,120,821
CZECH REPUBLIC — 0.1%
	323,870	Komercni Banka AS		12,286,341
DENMARK — 0.3%
	336	ALK-Abello AS(a)		57,158
	543,826	H. Lundbeck A/S(b)		22,926,869
	830,392	Tryg A/S(b)		25,413,873
				48,397,900
EGYPT — 0.1%
	2,308,522	Commercial International Bank Egypt SAE - GDR		10,118,577
	59,397	ElSewedy Electric Co.		54,024
				10,172,601
FAEROE ISLANDS — 0.1%
	368,230	Bakkafrost(b)		18,913,507
FINLAND — 0.7%
	134,633	Neste Oyj		4,449,997
	2,495,580	Sampo Oyj - A Shares(b)		114,268,308
				118,718,305
FRANCE — 1.2%
	400,189	Korian SA(b)		16,109,254
	494,072	L’Oreal SA		135,896,264
	843,298	TOTAL SA		46,879,749
				198,885,267
GEORGIA — 0.0%
	179,060	Bank Of Georgia Group Plc		4,018,835
GERMANY — 0.4%
	52,184	SAP SE		6,726,974
	1,314,000	Zalando SE(a)(b)		61,924,429
				68,651,403

Shares			Value
GREECE — 0.0%
	51,919	Motor Oil (Hellas) Corinth Refineries SA(b)	$	1,324,052
HONG KONG — 1.6%
	10,887,026	AIA Group Ltd.		111,477,002
	815,809	ASM Pacific Technology Ltd.		9,462,592
	989,000	Henderson Land Development Co. Ltd.		6,095,357
	2,530,000	Hong Kong & China Gas Co. Ltd.		6,039,765
	641,732	Hong Kong Exchanges and Clearing Ltd.		22,293,016
	417,185	Jardine Matheson Holdings Ltd.(b)		27,463,323
	529,840	Jardine Strategic Holdings Ltd.(b)		20,043,398
	1,354,361	Kunlun Energy Co. Ltd.		1,432,588
	1,005,500	MTR Corp. Ltd.		5,990,200
	37,254,578	Sino Biopharmaceutical Ltd.		35,868,221
	39,048	Stella International Holdings Ltd.		69,289
	337,500	Sun Hung Kai Properties Ltd.		5,824,692
	1,208,000	Techtronic Industries Co. Ltd.		8,741,691
	5,961	VTech Holdings Ltd.		54,464
	4,955,810	Yue Yuen Industrial Holdings Ltd.(b)		16,007,167
	63,549	Yuexiu Transport Infrastructure Ltd.		51,792
				276,914,557
HUNGARY — 0.0%
	145,735	MOL Hungarian Oil & Gas Plc		1,678,236
INDIA — 2.8%
	1,542,000	Asian Paints Ltd.		32,438,155
	267,015	Bharat Petroleum Corp. Ltd.		1,462,290
	398,011	Coal India Ltd.		1,443,021
	75,233	Eicher Motors Ltd.		22,039,080
	7,469,756	Housing Development Finance Corp. Ltd.(b)		214,298,965
	662,595	Indian Oil Corp. Ltd.		1,508,635
	1,557,292	Infosys Ltd.		16,773,551
	792,931	Kotak Mahindra Bank Ltd.		15,813,414
	674,036	Maruti Suzuki India Ltd.		64,585,798
	6,814,500	Motherson Sumi Systems Ltd.		14,365,155
	704,052	Oil & Natural Gas Corp. Ltd.		1,713,114
	33,881	Power Finance Corp Ltd(a)		56,333
	984,860	Reliance Industries Ltd.		19,730,171
	460,937	Tata Consultancy Services, Ltd.		14,982,517
	3,209,000	Titan Co. Ltd.		53,441,559
				474,651,758
INDONESIA — 0.3%
	15,109,242	Adaro Energy Tbk PT		1,386,091
	22,355,349	Astra International Tbk PT		11,967,239
	6,542,422	Bank Central Asia Tbk PT		13,216,178
	72,448,468	Bank Rakyat Indonesia Persero Tbk PT		22,274,671

Shares			Value
INDONESIA (continued)
	4,855,000	Bukit Asam Tbk PT	$	1,350,676
	178,623	Telekomunikasi Indonesia Persero Tbk PT		47,565
	819,300	United Tractors Tbk PT		1,564,561
				51,806,981
IRELAND — 1.0%
	215,724	Accenture Plc - Class A		39,406,303
	637,000	Aptiv PLC		54,590,900
	631,795	Medtronic Plc		56,109,714
	150,780	Paddy Power Betfair Plc		12,762,129
				162,869,046
ISRAEL — 0.0%
	836,867	Bank Hapoalim BM		6,160,860
	527	Taro Pharmaceutical Industries Ltd.		56,605
				6,217,465
ITALY — 0.1%
	902,667	ENI SpA		15,382,537
	789,236	Snam SpA		4,017,925
				19,400,462
JAPAN — 4.5%
	1,952,980	Asahi Kasei Corp.		20,128,135
	193,400	Canon, Inc.		5,366,478
	1,209,730	DCM Holdings Co. Ltd.(b)		11,991,068
	67,000	Fast Retailing Co. Ltd.		38,765,566
	902,765	Fujifilm Holdings Corp.		42,173,843
	114	Heiwa Real Estate REIT, Inc. REIT		128,717
	1,959	Heiwado Co. Ltd.		36,095
	80,961	Idemitsu Kosan Co. Ltd.		2,630,571
	296,362	Inpex Corp.		2,883,252
	556,622	Japan Airlines Co. Ltd.		18,153,336
	1,143,207	JXTG Holdings, Inc.		5,561,923
	304,717	Kaken Pharmaceutical Co. Ltd.(b)		13,052,943
	304,067	Keyence Corp.		189,979,175
	1,009	Kura Corp.		43,662
	2,918	Mochida Pharmaceutical Co. Ltd.		135,527
	5,894	Nagoya Railroad Co. Ltd.		159,757
	7,995	Nakanishi, Inc.		153,948
	1,423,891	Nippon Kayaku Co. Ltd.(b)		16,732,810
	866,724	Nippon Telegraph & Telephone Corp.		36,063,027
	1,735,170	Nomura Research Institute Ltd.(b)		84,934,696
	6,274,082	NTT Data Corp.(b)		73,162,078
	2,239	Ohsho Food Service Corp.		145,811
	1,047,918	Osaka Gas Co. Ltd.		19,385,359
	526,000	PeptiDream, Inc.(a)		28,493,395
	807,881	Sankyo Co. Ltd.(b)		31,905,927
	258,109	Sanrio Co. Ltd.		5,900,476
	230,085	Sawai Pharmaceutical Co. Ltd.		12,362,464

Shares			Value
JAPAN (continued)
	188,790	Secom Co. Ltd.	$	15,883,158
	2,513,250	Terumo Corp.		75,846,496
	1,195	Toei Animation Co. Ltd.		59,403
	3,394	Tokyo Gas Co. Ltd.		86,351
	343,979	Zensho Holdings Co. Ltd.		7,753,494
				760,058,941
KENYA — 0.1%
	1,565,379	East African Breweries Ltd.		3,440,766
	49,502,720	Safaricom Plc		13,785,399
				17,226,165
LUXEMBOURG — 0.1%
	41,167	L’Occitane International SA		73,978
	131,410	Tenaris SA		1,821,590
	600,158	Tenaris SA - ADR		16,648,383
				18,543,951
MACAU — 0.2%
	4,948,200	Sands China Ltd.		27,235,691
MEXICO — 0.4%
	141,286	Fomento Economico Mexicano SAB de CV - ADR		13,788,101
	75,928	Grupo Aeroportuario del Sureste SAB de CV - ADR		12,493,952
	3,200,072	Grupo Financiero Banorte SAB de CV - Series O		20,276,280
	5,657,745	Wal-Mart de Mexico SAB de CV		16,623,091
				63,181,424
NETHERLANDS — 2.0%
	63,270	Adyen NV(a)		51,565,136
	496,288	ASML Holding NV		103,630,629
	396,000	ASML Holding NV		82,692,720
	29,616	Koninklijke Vopak NV		1,322,450
	1,596,524	Royal Dutch Shell Plc - A Shares		50,867,600
	1,322,475	Royal Dutch Shell Plc - B Shares		42,680,778
				332,759,313
NORWAY — 0.4%
	51,408	Aker BP ASA		1,696,848
	987,875	Austevoll Seafood ASA(b)		11,508,617
	432,985	Equinor ASA		9,651,945
	841,258	Salmar ASA(b)		38,264,420
				61,121,830
PAKISTAN — 0.0%
	1,348,545	Oil & Gas Development Co. Ltd.		1,341,723
PANAMA — 0.1%
	134,303	Copa Holdings SA - Class A		11,182,068
PERU — 0.1%
	75,420	Credicorp. Ltd.		17,866,998

Shares			Value
PHILIPPINES — 0.0%
	267,734	DMCI Holdings, Inc.	$	57,353
	39,423	JG Summit Holdings, Inc.		49,918
				107,271
POLAND — 0.3%
	54,936	Grupa Lotos SA		1,196,944
	1,571,233	Polski Koncern Naftowy ORLEN SA(b)		40,340,588
	9,853,489	Polskie Gornictwo Naftowe I Gazownictwo SA(b)		14,983,909
				56,521,441
PORTUGAL — 0.0%
	178,351	Galp Energia SGPS SA		2,990,292
QATAR — 0.0%
	5,049	Ooredoo QPSC		90,202
	1,464	Qatar Islamic Bank SAQ		67,108
	1,114	Qatar National Bank QPSC		59,921
	3,301	Qatar Navigation QSC		61,324
				278,555
RUSSIA — 0.7%
	412,591	Lukoil PJSC - ADR		35,276,531
	168,172	NovaTek PJSC - GDR		32,445,033
	1,761,700	Sberbank of Russia PJSC - ADR		25,456,565
	596,143	Sberbank of Russia PJSC - ADR		8,545,064
	224,579	Yandex NV - Class A(a)		8,405,992
				110,129,185
SINGAPORE — 0.0%
	4,189,100	Mapletree Commercial Trust, REIT		5,946,905
SOUTH AFRICA — 0.4%
	220,439	Aspen Pharmacare Holdings Ltd.		1,588,459
	1,472,922	Discovery Ltd.		14,842,861
	88,491	Exxaro Resources Ltd.		1,012,621
	63,532	Naspers Ltd. - Class N		16,343,641
	430,589	Sasol Ltd.		14,285,410
	1,475,715	Standard Bank Group Ltd.		20,609,625
				68,682,617
SOUTH KOREA — 0.9%
	53,613	Amorepacific Corp.		9,547,021
	183,861	Coway Co. Ltd.		13,816,256
	463,487	Hankook Tire Co. Ltd.		15,770,576
	1,621,752	LG Display Co. Ltd.(a)		27,577,527
	23,299	LG Household & Health Care Ltd.		28,390,457
	13,160	LG Uplus Corp.		161,199
	548	S-1 Corp.		45,992
	47,709	Samsung Electronics Co. Ltd. - GDR		46,814,571
	18,561	SK Innovation Co. Ltd.		2,902,178
				145,025,777

Shares			Value
SPAIN — 0.1%
	79,512	Enagas SA	$	2,268,115
	479,236	Repsol SA		8,132,041
				10,400,156
SWEDEN — 1.1%
	4,627,051	Atlas Copco AB - A Shares(b)		144,430,190
	73,586	Lundin Petroleum AB		2,396,418
	342,156	Spotify Technology SA(a)		46,454,520
				193,281,128
SWITZERLAND — 0.7%
	552,550	Coca-Cola HBC AG - CDI		19,789,765
	18,774	Helvetia Holdings AG		11,930,393
	846,395	TE Connectivity Ltd.		80,957,682
	740	Valiant Holding AG		82,985
				112,760,825
TAIWAN — 1.5%
	876,740	Airtac International Group		11,745,356
	9,433,100	Chang Hwa Commercial Bank Ltd.(b)		5,650,786
	16,377,561	Chunghwa Telecom Co. Ltd.(b)		58,995,571
	1,349,541	Eclat Textile Co. Ltd.		19,292,412
	430,287	Formosa Petrochemical Corp.		1,596,812
	3,596,020	Hon Hai Precision Industry Co. Ltd.		10,123,978
	98,000	Largan Precision Co. Ltd.		14,712,009
	34,652	Shanghai Commercial & Savings Bank Ltd. (The)		55,885
	15,435,280	Taiwan Business Bank		6,373,254
	9,153,040	Taiwan Cooperative Financial Holding Co. Ltd.		6,075,096
	7,770,000	Taiwan Semiconductor Manufacturing Co. Ltd.		65,237,170
	18,729,496	Uni-President Enterprises Corp.(b)		44,513,978
	1,194,788	Vanguard International Semiconductor Corp.		2,654,850
				247,027,157
THAILAND — 1.0%
	16,186,000	Airports of Thailand Public Co. Ltd.		34,744,480
	45,908,900	CP ALL Public Co. Ltd.(b)		111,519,606
	4,726,900	Siam Commercial Bank Public Co. Ltd.		19,406,619
				165,670,705
TURKEY — 0.1%
	14,369,359	Soda Sanayii AS(b)		18,695,598
	56,682	Tupras Turkiye Petrol Rafinerileri AS		1,172,347
				19,867,945
UNITED ARAB EMIRATES — 0.1%
	2	Dana Gas PJSC		1
	702,242	DP World Ltd.		14,033,857

Shares			Value
UNITED ARAB EMIRATES (continued)
	6,504,239	Emaar Properties PJSC	$	8,522,973
	58,092	Emirates Telecommunications Group Co. PJSC		264,173
				22,821,004
UNITED KINGDOM — 2.0%
	153,052	Abcam Plc		2,604,880
	7,016,595	BP Plc		51,022,678
	4,561,838	Compass Group Plc(b)		103,799,580
	242,406	John Wood Group Plc		1,486,134
	3,579,301	RELX Plc(b)		82,011,297
	120,779	TechnipFMC Plc		2,969,956
	11,186	TechnipFMC Plc		276,275
	118,728	Ultra Electronics Holdings Plc		2,469,514
	1,547,439	Unilever NV		93,627,516
				340,267,830
UNITED STATES — 60.0%
	546,834	3M Co.		103,630,511
	352,725	Abbott Laboratories		28,062,801
	847,710	AbbVie, Inc.		67,299,697
	80,000	ABIOMED, Inc.(a)		22,192,800
	226,300	Agilent Technologies, Inc.		17,764,550
	2,686,702	AGNC Investment Corp. REIT		47,796,429
	551,485	Air Products & Chemicals, Inc.		113,490,098
	201,000	Align Technology, Inc.(a)		65,260,680
	63,987	Allstate Corp. (The)		6,338,552
	36,500	Alphabet, Inc. - Class A(a)		43,762,040
	200,833	Alphabet, Inc. - Class C(a)		238,686,004
	219,493	Amazon.com, Inc.(a)		422,857,654
	989,995	American Express Co.		116,057,114
	149,325	American Tower Corp. REIT		29,163,173
	59,229	American Water Works Co., Inc.		6,407,986
	335,500	AMETEK, Inc.		29,581,035
	196,389	Amgen, Inc.		35,216,475
	176,034	Anadarko Petroleum Corp.		12,824,077
	1,583,419	Annaly Capital Management, Inc. REIT		15,976,698
	899	Anthem, Inc.		236,464
	134,611	Apache Corp.		4,430,048
	3,312,648	Apollo Commercial Real Estate Finance, Inc. REIT(b)		62,079,023
	836,009	Apple, Inc.		167,761,926
	307,209	Arthur J Gallagher & Co.		25,688,817
	416,825	Assurant, Inc.		39,598,375
	15,846	Atrion Corp.(b)		13,944,480
	893,571	Automatic Data Processing, Inc.		146,894,137
	29,256	AvalonBay Communities, Inc.		5,878,408
	173,185	Baker Hughes a GE Co.		4,159,904
	2,903,700	Bank of America Corp.		88,795,146
	384,810	Baxter International, Inc.		29,361,003
	340,415	Becton Dickinson and Co.		81,951,507
	755,215	Berkshire Hathaway, Inc. - Class B(a)		163,662,643
	332,774	Big Lots, Inc.		12,365,882

Shares			Value
UNITED STATES (continued)
	336,000	BioMarin Pharmaceutical, Inc.(a)	$	28,738,080
	82,688	Boeing Co. (The)		31,230,431
	59,472	Booking Holdings, Inc.(a)		110,319,965
	3,735,700	Boston Scientific Corp.(a)		138,669,184
	893,131	Brinker International, Inc.		38,199,213
	184	Broadcom, Inc.		58,586
	423,250	Broadridge Financial Solutions, Inc.		49,998,523
	82,153	Brown & Brown, Inc.		2,608,358
	160,198	Cabot Oil & Gas Corp.		4,147,526
	924,000	Charles Schwab Corp. (The)		42,300,720
	578,344	Cheesecake Factory, Inc. (The)		28,697,429
	72,006	Cheniere Energy, Inc.(a)		4,633,586
	675,139	Chevron Corp.		81,057,188
	43,010	Cimarex Energy Co.		2,953,067
	1,391,925	Cisco Systems, Inc.		77,878,204
	86,392	Citigroup, Inc.		6,107,914
	575,862	Clorox Co. (The)		91,982,438
	1,314,164	Colgate-Palmolive Co.		95,657,998
	1,647	Conagra Brands, Inc.		50,695
	67,430	Concho Resources, Inc.		7,780,073
	834,334	ConocoPhillips		52,663,162
	38,565	Continental Resources, Inc.(a)		1,773,604
	724,450	Costco Wholesale Corp.		177,874,208
	362,234	Cracker Barrel Old Country Store, Inc.		61,123,365
	612,800	Danaher Corp.		81,159,232
	940,940	Darden Restaurants, Inc.		110,654,544
	174,998	Devon Energy Corp.		5,624,436
	839,652	Diamondback Energy, Inc.		89,330,576
	48,426	DTE Energy Co.		6,087,632
	35,751	Ecolab, Inc.		6,581,044
	503,000	Edwards Lifesciences Corp.(a)		88,563,210
	2,375,000	Elanco Animal Health, Inc.(a)		74,812,500
	1,060,982	EOG Resources, Inc.		101,907,321
	122,762	EPAM Systems, Inc.(a)		22,018,592
	76,741	EPR Properties REIT		6,051,795
	1,305,900	Equity Commonwealth REIT(b)		41,527,620
	82,192	Eversource Energy		5,889,879
	1,312,992	Exelon Corp.		66,896,942
	1,499,569	Exxon Mobil Corp.		120,385,399
	693,590	Facebook, Inc. - Class A(a)		134,140,306
	373,431	First Horizon National Corp.		5,635,074
	1,534,000	Fiserv, Inc.(a)		133,826,160
	376,116	Fresh Del Monte Produce, Inc.(b)		11,099,183
	138,724	FTI Consulting, Inc.(a)		11,788,766
	32,064	General Dynamics Corp.		5,730,478
	172,900	Genuine Parts Co.		17,729,166
	682,736	Guess?, Inc.		13,907,332
	485,259	H&R Block, Inc.		13,203,897
	318,915	Halliburton Co.		9,034,862
	30,130	Helmerich & Payne, Inc.		1,763,208
	610,371	Hershey Co. (The)		76,204,819
	86,643	Hess Corp.		5,555,549

Shares			Value
UNITED STATES (continued)
	69,916	HollyFrontier Corp.	$	3,337,091
	450,795	Home Depot, Inc. (The)		91,826,942
	5,007,308	Huntington Bancshares, Inc.		69,701,728
	170,159	ICF International, Inc.(b)		13,250,281
	674,475	Illinois Tool Works, Inc.		104,968,544
	212,000	Illumina, Inc.(a)		66,144,000
	564,000	Incyte Corp.(a)		43,315,200
	693,100	Intel Corp.		35,375,824
	849,930	International Business Machines Corp.		119,219,681
	41,848	Jack Henry & Associates, Inc.		6,237,863
	2,675,398	JPMorgan Chase & Co.		310,479,938
	936,900	Kansas City Southern		115,369,866
	154,500	Kimberly-Clark Corp.		19,834,710
	1,639,003	Kimco Realty Corp.		28,502,262
	680,589	Kinder Morgan, Inc.		13,523,303
	3,705	KKR Real Estate Finance Trust, Inc. REIT		74,730
	567,000	Las Vegas Sands Corp.		38,017,350
	635,460	Lockheed Martin Corp.		211,817,882
	116,112	Loews Corp.		5,955,384
	807,654	Luminex Corp.(b)		18,422,587
	774	Magellan Health Services, Inc.(a)		54,180
	295,834	Marathon Oil Corp.		5,041,011
	247,791	Marathon Petroleum Corp.		15,083,038
	66,479	Marsh & McLennan Cos., Inc.		6,268,305
	749,989	Mastercard, Inc. - Class A		190,677,203
	256,805	McDonald’s Corp.		50,736,964
	642,490	Merck & Co., Inc.		50,570,388
	6,333,273	MFA Financial, Inc. REIT(b)		47,562,880
	2,719,795	Microsoft Corp.		355,205,227
	564,035	Motorola Solutions, Inc.		81,734,312
	1,990	National HealthCare Corp.		150,106
	112,813	National Oilwell Varco, Inc.		2,948,932
	355,238	Netflix, Inc.(a)		131,629,889
	3,755,894	New York Community Bancorp, Inc.		43,681,047
	195,130	NextEra Energy, Inc.		37,941,077
	982,000	NIKE, Inc. - Class B		86,249,060
	151,547	Noble Energy, Inc.		4,100,862
	1,713,667	Occidental Petroleum Corp.		100,900,713
	259,000	Okta, Inc.(a)		26,943,770
	636	Omnicom Group, Inc.		50,899
	143,108	ONEOK, Inc.		9,721,326
	73,606	Parsley Energy, Inc. - Class A(a)		1,469,176
	78,662	Paychex, Inc.		6,631,993
	563,631	Pennymac Mortgage Investment Trust REIT		11,836,251
	330,248	People’s United Financial, Inc.		5,709,988
	845,800	PepsiCo, Inc.		108,304,690
	2,176,875	Pfizer, Inc.		88,402,894
	707,355	PG&E Corp.(a)		15,929,635
	158,899	Phillips 66		14,979,409
	639,665	Pinnacle West Capital Corp.		60,940,885

Shares			Value
UNITED STATES (continued)
	58,629	Pioneer Natural Resources Co.	$	9,759,383
	44,279	PNC Financial Services Group, Inc. (The)		6,063,123
	1,574,683	Procter & Gamble Co. (The)		167,672,246
	456,845	Progressive Corp. (The)		35,702,437
	911,845	Prudential Financial, Inc.		96,391,135
	324,910	Public Storage		71,863,594
	676,676	Quest Diagnostics, Inc.		65,218,033
	123,000	Regeneron Pharmaceuticals, Inc.(a)		42,206,220
	656,483	Republic Services, Inc.		54,369,922
	294,900	Roper Technologies, Inc.		106,075,530
	297,900	Ross Stores, Inc.		29,092,914
	922,847	Sally Beauty Holdings, Inc.(a)		16,334,392
	218,644	Sarepta Therapeutics, Inc.(a)		25,568,229
	476,173	Schlumberger Ltd.		20,323,064
	433,777	Spire, Inc.(b)		36,519,686
	2,241,021	Starbucks Corp.		174,082,511
	3,199,713	Starwood Property Trust, Inc., REIT(b)		73,753,385
	1,307,275	SunTrust Banks, Inc.		85,600,367
	88,943	Sysco Corp.		6,258,919
	69,967	Targa Resources Corp.		2,809,175
	962,162	Target Corp.		74,490,582
	1,419,064	Texas Instruments, Inc.		167,208,311
	23,098	Thermo Fisher Scientific, Inc.		6,408,540
	66,693	Torchmark Corp.		5,846,308
	377,100	Union Pacific Corp.		66,761,784
	371,966	UnitedHealth Group, Inc.		86,694,116
	2,608,015	US Bancorp		139,059,360
	154,852	Valero Energy Corp.		14,038,882
	432,300	Veeva Systems, Inc. - Class A(a)		60,465,801
	2,311,240	Verizon Communications, Inc.		132,179,816
	1,164,150	Visa, Inc. - Class A		191,421,185
	1,359,660	Walt Disney Co. (The)		186,232,630
	554,034	Waste Connections, Inc.		51,397,734
	329,392	Waste Management, Inc.		35,356,937
	2,370	Weis Markets, Inc.		99,659
	111,463	Wells Fargo & Co.		5,395,924
	418,874	Williams Cos., Inc. (The)		11,866,700
	519,000	Workday, Inc. - Class A(a)		106,721,970
	75,974	WP Carey, Inc. REIT		6,026,258
	289,870	Xilinx, Inc.		34,824,982
	188,746	Zoom Video Communications, Inc.(a)		13,678,423
				10,071,460,619
Total Common Stocks (Cost $12,752,419,824)				16,136,328,983
MASTER LIMITED PARTNERSHIPS — 0.0%
UNITED STATES — 0.0%
	73,399	Plains GP Holdings LP - Class A		1,732,216
Total Master Limited Partnerships (Cost $1,788,580)				1,732,216

Shares			Value
PREFERRED STOCKS — 0.1%
BRAZIL — 0.0%
	1,292,804	Petroleo Brasileiro SA	$	8,941,584
SOUTH KOREA — 0.1%
	11,263	Samsung Electronics Co. Ltd. - GDR		8,966,819
	2,323	Samsung Electronics Co. Ltd. - GDR		1,842,311
				10,809,130
Total Preferred Stocks (Cost $13,991,725)				19,750,714

Principal Amount
U.S. GOVERNMENT AGENCIES — 0.8%
Federal Home Loan Bank — 0.8%
$	50,000,000	2.38%, 05/15/19(c)		49,953,139
	80,000,000	2.41%, 05/24/19(c)		79,876,822
Total U.S. Government Agencies (Cost $129,830,800)				129,829,961

Shares
EXCHANGE-TRADED FUNDS — 1.7%
	763,200	Energy Select Sector SPDR Fund		50,455,152
	8,779,175	VanEck Vectors Gold Miners ETF		183,396,966
	1,608,555	VanEck Vectors Junior Gold Miners ETF		47,178,918
Total Exchange-Traded Funds (Cost $310,545,797)				281,031,036
INVESTMENT COMPANY — 1.1%
	181,408,519	Federated Government Obligations Fund, 2.08%(d)		181,408,519
Total Investment Company (Cost $181,408,517)				181,408,519
TOTAL INVESTMENTS — 99.8% (Cost $13,389,985,243)			$	16,750,081,429
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.2%				33,923,443
NET ASSETS — 100.0%			$	16,784,004,872

(a)	Non-income producing security.
(b)	This security is considered either fully or partially illiquid. These securities, or portions thereof have a value of $656,894,686 or 3.91% of net assets.
(c)	The rate represents the annualized yield at time of purchase.
(d)	The rate shown represents the current yield as of April 30, 2019.

The following abbreviations are used in the report:

ADR-American Depositary Receipt

CDI-Chess Depositary Interests

ETF-Exchange Traded Fund

GDR-Global Depositary Receipt

REIT-Real Estate Investment Trust

Portfolio Diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Information Technology		18.8	%
Consumer Discretionary		14.1
Health Care		10.5
Energy		8.8
Consumer Staples		8.4
Industrials		8.4
Communication Services		7.7
Banks		7.2
Diversified Financials		4.5
Insurance		2.8
Utilities		1.7
Real Estate		1.5
Materials		1.4
Telecommunication Services		0.4
Other*		3.8
		100.0	%

Includes cash and equivalents, exchange traded funds, U.S. Government securities, U.S. Government agencies, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Value
COMMON STOCKS — 99.1%
Banks — 3.6%
	211,483	Bank of Communications Co. Ltd. - H Shares	$	178,370
	2,398	Bank of Montreal		189,413
	510,352	China CITIC Bank Corp. Ltd. - H Shares		327,474
	359,575	China Construction Bank Corp. - H Shares		316,989
	191,043	China Minsheng Banking Corp. Ltd. - H Shares		143,579
	91,555	Mizuho Financial Group, Inc.		142,985
				1,298,810
Communication Services — 5.2%
	34,521	China Mobile Ltd.		329,379
	10,515	Comcast Corp. - Class A		457,718
	10,496	Deutsche Telekom AG		175,860
	11,535	NTT DOCOMO, Inc.		250,489
	402	Swisscom AG		187,314
	20,683	Telefonica SA		172,442
	3,217	Verizon Communications, Inc.		183,980
	60,075	Vodafone Group Plc		111,432
				1,868,614
Consumer Discretionary — 9.9%
	44,546	Barratt Developments Plc		350,437
	3,037	Cogeco Communications, Inc.		201,688
	1,151	Cracker Barrel Old Country Store, Inc.		194,220
	7,751	Electrolux AB - Series B		189,964
	4,343	General Motors Co.		169,160
	6,643	Industria de Diseno Textil SA		201,141
	75,820	Kingfisher Plc		261,442
	5,242	La-Z-Boy, Inc.		171,938
	3,677	Nordstrom, Inc.		150,831
	2,237	Starbucks Corp.		173,770
	54,396	Super Retail Group Ltd.		332,249
	1,949	Target Corp.		150,892
	65,142	Truworths International Ltd.		345,397
	10,590	Whitbread Plc		616,542
				3,509,671
Consumer Staples — 7.6%
	8,829	Carrefour SA		172,078
	1,343	Clorox Co. (The)		214,517
	7,710	Coca-Cola European Partners Plc		413,179
	29,022	Coca-Cola Femsa SAB de CV		184,593
	2,305	Danone SA		186,423
	1,822	Diageo Plc		76,811
	1,510	Kimberly-Clark Corp.		193,854
	2,796	Molson Coors Brewing Co. - Class B		179,475
	8,154	Ontex Group NV		205,274
	1,485	PepsiCo, Inc.		190,154
	2,944	Procter & Gamble Co. (The)		313,477

Shares			Value
Consumer Staples (continued)
	8,354	Seven & I Holdings Co. Ltd.	$	289,109
	9,818	Tate & Lyle Plc		98,404
				2,717,348
Diversified Financials — 2.9%
	8,801	Invesco, Ltd.(a)		193,358
	6,233	Janus Henderson Group Plc		156,261
	1,832	Morningstar, Inc.		262,800
	1,070	S&P Global, Inc.		236,106
	13,640	UBS Group AG		182,905
				1,031,430
Energy — 6.4%
	1,745,347	Adaro Energy Tbk PT(b)		160,115
	23,122	ARC Resources Ltd.		146,875
	99,356	CNOOC Ltd.		180,464
	12,198	Enagas SA		347,953
	11,367	ENI SpA		193,707
	3,303	HollyFrontier Corp.		157,652
	15,786	Husky Energy, Inc.		171,328
	51,425	MOL Hungarian Oil & Gas Plc		592,193
	5,718	Murphy Oil Corp.		155,758
	3,051	TOTAL SA		169,608
				2,275,653
Health Care — 14.0%
	2,637	Abbott Laboratories		209,800
	3,634	Agilent Technologies, Inc.		285,269
	977	Amgen, Inc.		175,196
	761	Anthem, Inc.		200,166
	36,908	Astellas Pharma, Inc.		499,877
	1,263	AstraZeneca Plc		94,093
	3,361	Baxter International, Inc.		256,444
	1,281	Biogen, Inc.(b)		293,656
	976	CSL Ltd.		136,896
	2,666	Danaher Corp.		353,085
	4,270	Koninklijke Philips NV		183,370
	2,640	Medtronic Plc		234,458
	2,105	Merck & Co., Inc.		165,685
	2,360	Merck KGaA		251,555
	7,446	Novo Nordisk A/S - B Shares		364,813
	10,616	Pfizer, Inc.		431,116
	1,647	Quest Diagnostics, Inc.		158,738
	632	Roche Holding AG		166,762
	4,059	Takeda Pharmaceutical Co. Ltd.		149,784
	654	Thermo Fisher Scientific, Inc.		181,452
	1,497	Zimmer Biomet Holdings, Inc.		184,371
				4,976,586
Industrials — 14.8%
	20,516	Brambles Ltd.		174,339
	1,116	Cummins, Inc.		185,580
	6,073	Ebara Corp.		186,908
	12,858	Hino Motors Ltd.		121,900
	1,881	ManpowerGroup, Inc.		180,651
	806	MTU Aero Engines AG		190,161

Shares			Value
Industrials (continued)
	1,219	Norfolk Southern Corp.	$	248,700
	2,165	Oshkosh Corp.		178,807
	90,725	QinetiQ Group Plc		357,405
	2,085	Regal-Beloit Corp.		177,392
	2,563	Republic Services, Inc.		212,268
	68,853	Royal Mail Plc		227,187
	9,712	Russel Metals, Inc.		171,085
	2,755	Ryder System, Inc.		173,565
	9,970	Sandvik AB		184,628
	7,820	Schneider National, Inc. - Class B		163,438
	6,424	Signify NV(c)		192,781
	13,448	SKF AB - B Shares		249,621
	1,106	Snap-on, Inc.		186,118
	3,735	Societe BIC SA		321,758
	11,800	Steelcase, Inc. - Class A		204,022
	4,270	Sumitomo Heavy Industries Ltd.		151,830
	3,216	Thomson Reuters Corp.		198,740
	4,537	Toyota Tsusho Corp.		150,700
	1,374	Union Pacific Corp.		243,253
	2,012	Waste Management, Inc.		215,968
				5,248,805
Information Technology — 18.1%
	1,863	Accenture Plc - Class A		340,314
	3,732	Apple, Inc.		748,900
	1,788	Atos SE		184,363
	634	Broadcom, Inc.		201,866
	1,142	CACI International, Inc. - Class A(b)		222,621
	4,394	Canon, Inc.(b)		121,925
	3,396	Cisco Systems, Inc.		190,006
	2,105	Cognizant Technology Solutions Corp. - Class A		153,581
	1,765	Fidelity National Information Services, Inc.		204,616
	2,786	Fujitsu Ltd.		204,533
	7,706	Intel Corp.		393,314
	1,039	Intuit, Inc.		260,851
	6,620	Juniper Networks, Inc.		183,837
	66,941	Konica Minolta, Inc.		672,197
	2,666	Leidos Holdings, Inc.		195,898
	4,131	Micron Technology, Inc.(b)		173,750
	1,554	Microsoft Corp.		202,952
	1,824	NXP Semiconductor NV		192,651
	4,911	Oracle Corp.		271,726
	3,266	SAP SE		421,017
	3,709	Seagate Technology PLC		179,219
	7,620	Symantec Corp.		184,480
	2,048	Synopsys, Inc.(b)		247,972
	2,512	Texas Instruments, Inc.		295,989
				6,448,578
Insurance — 3.8%
	8,363	AXA SA		223,013

Shares			Value
Insurance (continued)
	3,634	MetLife, Inc.	$	167,636
	742	Muenchener Rueckversicherungs- Gesellschaft AG		184,650
	3,952	Prudential Financial, Inc.		417,766
	1,914	Swiss Re AG		184,277
	532	Zurich Insurance Group AG		169,585
				1,346,927
Materials — 5.6%
	6,704	Domtar Corp.		327,826
	108,779	Fortescue Metals Group Ltd.		549,683
	6,891	Huntsman Corp.		153,256
	1,562	Lyondellbasell Industries NV - Class A		137,815
	15,525	Polymetal International PLC		163,680
	13,780	Teck Resources Ltd. - Class B		325,857
	3,357	Trinseo SA		150,897
	4,575	Westrock Co.		175,589
				1,984,603
Real Estate — 4.1%
	19,047	Castellum AB		342,455
	102,064	Frasers Centrepoint Trust REIT		179,311
	70,976	Hang Lung Properties Ltd.		167,058
	24,730	Hongkong Land Holdings Ltd.		172,662
	45,306	Hyprop Investments Ltd. REIT		221,556
	19,811	Link REIT		231,471
	34,999	Swire Properties Ltd.		142,422
				1,456,935
Utilities — 3.1%
	14,189	Cia de Saneamento Basico do Estado de Sao Paulo		170,148
	4,607	Exelon Corp.		234,727
	2,368	Orsted A/S(c)		181,603
	16,173	Red Electrica Corp SA		335,654
	28,438	Terna Rete Elettrica Nazionale SpA		170,605
				1,092,737
Total Common Stocks (Cost $33,783,717)				35,256,697

INVESTMENT COMPANY — 0.8%
	282,521	SEI Daily Income Trust Government II Fund, Class A, 2.25%(d)		282,521
Total Investment Company (Cost $282,521)				282,521

	Value
TOTAL INVESTMENTS — 99.9% (Cost $34,066,238)	$	35,539,218
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%		32,549
NET ASSETS — 100.0%	$	35,571,767

(a)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $193,358 or 0.54% of net assets.
(b)	Non-income producing security.
(c)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $374,384 which is 1.05% of net assets.
(d)	The rate shown represents the current yield as of April 30, 2019.

The following abbreviation is used in the report:

REIT- Real Estate Investment Trust

Portfolio Diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Information Technology		18.1	%
Industrials		14.8
Health Care		14.0
Consumer Discretionary		9.9
Consumer Staples		7.6
Energy		6.4
Materials		5.6
Communication Services		5.2
Real Estate		4.1
Insurance		3.8
Banks		3.6
Utilities		3.1
Diversified Financials		2.9
Other*		0.9
		100.0	%

Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Shares			Value
COMMON STOCKS — 91.5%**
ARGENTINA — 0.2%
	21,802	Other Securities	$	10,555,220
AUSTRALIA — 2.1%
	129,757	Afren Plc(a)(b)		0
	75,800	MYOB Group Ltd.(a)(b)		181,680
	111,348	Quintis Ltd.(a)(b)		0
	65,355	RCR Tomlinson Ltd.(a)(b)		0
	4,364	Tiger Resources Ltd.(b)(c)		0
	45,354,455	Other Securities		127,274,971
				127,456,651
AUSTRIA — 0.1%
	274,195	Other Securities		7,242,145
BELGIUM — 0.5%
	494	Aedifica SA REIT		44,372
	201,000	Trony Solar Holdings Co. Ltd.(a)(b)		0
	726,306	Other Securities		31,316,853
				31,361,225
BERMUDA — 0.9%
	428,820	Argo Group International Holdings Ltd.		33,477,977
	384,981	Other Securities		20,758,161
				54,236,138
BRAZIL — 0.3%
	3,302,132	Other Securities		18,980,022
CAMBODIA — 0.0%
	56,000	Other Securities		71,912
CANADA — 1.7%
	2,679	Innergex Renewable Energy,Inc.		28,316
	670,000	Ritchie Bros Auctioneers, Inc.		23,309,300
	8,020,528	Other Securities		83,495,054
				106,832,670
CHILE — 0.0%
	11,557,389	Other Securities		1,528,962
CHINA — 2.0%
	70,000	China Animal Healthcare Ltd.(a)(b)(c)		4,462
	472,000	China Huishan Dairy Holdings Co. Ltd.(a)(b)(c)		18,953
	79,500	China Huiyuan Juice Group Ltd.(a)(b)(c)		3,839
	164,000	China Taifeng Beddings Holdings Ltd.(a)(b)(c)		4,233
	1,015,600	Coolpad Group Ltd.(b)(c)		14,526
	302,000	CT Environmental Group Ltd.(a)(c)		13,089
	63,000	Harmonicare Medical Holdings Ltd(a)(b)(c)		16,383

Shares			Value
CHINA (continued)
	68,000	HOSA International Ltd.(a)(c)	$	943
	67,000	Real Gold Mining Ltd.(a)(b)(c)		2,246
	255,000	Tenwow International Holdings Ltd.(a)(b)(c)		4,632
	40,000	Zhejiang Glass Co. Ltd. - H Shares(a)(b)		0
	161,567,755	Other Securities		123,498,198
				123,581,504
COLUMBIA — 0.0%
	1,448,375	Other Securities		1,919,960
DENMARK — 1.1%
	22,848	Proton Bank SA(a)(b)		0
	1,182,430	Other Securities		64,729,070
				64,729,070
FAEROE ISLANDS — 0.0%
	96	Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products(a)(b)		0
	2,103	Other Securities		85,258
				85,258
FINLAND — 0.3%
	1,315,044	Other Securities		20,625,411
FRANCE — 1.2%
	318,059	Cellectis SA(b)(c)		6,326,225
	3,875,886	Other Securities		64,438,367
				70,764,592
GABON — 0.0%
	1,779	Mariella Burani SpA(a)(b)		0
	311	Other Securities		54,382
				54,382
GEORGIA — 0.0%
	9,532	Other Securities		164,757
GERMANY — 1.2%
	2,279,534	Other Securities		71,223,546
GIBRALTAR — 0.0%
	11,850	Other Securities		22,351
GREECE — 0.1%
	80,140	Pike River Coal Ltd.(a)(b)		0
	5,572,495	Other Securities		8,900,109
				8,900,109
HONG KONG — 1.3%
	69,555	AED Oil Ltd.(a)(b)		0
	74,000	Associated International Hotels Ltd.		216,044
	504,000	Bel Global Resources Holdings Ltd.(a)(b)		0

Shares			Value
HONG KONG (continued)
	289,000	Brightoil Petroleum Holdings Ltd.(a)(b)(c)	$	55,260
	525,600	China Fiber Optic Network System Group Ltd.(a)(b)(c)		14,070
	6,603,000	China High Precision Automation Group Ltd.(a)(b)		0
	193,200	China Metal Recycling Holdings Ltd.(a)(b)		0
	244,000	DBA Telecommunication Asia Holdings Ltd.(a)(b)(c)		11,838
	12,200	Deceuninck NV- VVPR Strip(a)(b)		0
	108,000	Dynasty Fine Wines Group Ltd.(a)(b)(c)		19,825
	168,234	EganaGoldpfeil Holdings Ltd.(a)(b)		0
	108,500	Hopewell Holdings Ltd.(a)(b)		536,636
	166,000	Hsin Chong Group Holdings Ltd.(a)(b)(c)		7,406
	220,000	Hua Han Health Industry Holdings Ltd.(a)(b)(c)		4,459
	175,000	IPE Group Ltd.(c)		22,539
	429,000	Mingfa Group International Co. Ltd.(a)(b)(c)		3,079
	677	Movie Gallery, Inc.(a)(b)		0
	1,340,246	Pacific Andes International Holdings Ltd.(a)(b)(c)		4,681
	48,000	Peace Mark Holdings Ltd.(a)(b)		0
	121,000	Prodisc Technology, Inc.(a)(b)		0
	261,000	Qunxing Paper Holdings Co. Ltd.(a)(b)(c)		12,576
	10,943	RB Energy, Inc.(a)(b)		0
	1,027	RP-SG Retail Ltd.(a)(b)		2,385
	10,961	Sino-American Electronic Co. Ltd.(a)(b)		243
	182,386	SMI Holdings Group Ltd.(a)(b)(c)		11,625
	86,230	SNS REAAL NV(a)(b)		0
	12,534	T Bank SA(a)(b)		0
	31,091	TT Hellenic Postbank SA(a)(b)		0
	44,000	Up Energy Development Group Ltd.(a)(b)(c)		136
	521,584	Virgin Australia Holdings Ltd. - CVR Shares(a)(b)		0
	18,409,667	Wang On Group Ltd.(c)		208,749
	44,673	Wintek Corp.(a)(b)(c)		496
	142,840,101	Other Securities		81,560,373
				82,692,420
HUNGARY — 0.0%
	38,948	Other Securities		729,617
INDIA — 0.6%
	18,155,905	Other Securities		36,288,550

Shares			Value
INDONESIA — 0.2%
	81,185,962	Other Securities	$	10,560,586
IRELAND — 1.1%
	576,745	Allegion Plc		57,230,406
	43,303	COSMO Pharmaceuticals NV(b)(c)		4,085,051
	391,710	Other Securities		4,415,024
				65,730,481
ISLE OF MAN — 0.0%
	15,289	Other Securities		120,041
ISRAEL — 0.7%
	39,839,013	Other Securities		45,519,841
ITALY — 0.7%
	1,231,589	Banco Espirito Santo SA(a)(b)(c)		0
	10,745,190	Other Securities		45,469,176
				45,469,176
JAPAN — 7.1%
	786,800	Infomart Corp.(c)		11,447,394
	28,912,129	Other Securities		425,724,372
				437,171,766
JERSEY CHANNEL ISLANDS — 0.2%
	274,987	Other Securities		12,118,677
JORDAN — 0.0%
	9,167	Other Securities		211,538
KOREA — 0.0%
	56,756	Chennai Super Kings Cricket Ltd.(a)(b)(c)		344
LIECHTENSTEIN — 0.0%
	1,216	Other Securities		103,794
LUXEMBOURG — 0.0%
	93,153	Other Securities		1,819,552
MACAU — 0.0%
	218,000	Other Securities		35,301
MALAYSIA — 0.1%
	7,485,028	Other Securities		4,075,433
MALTA — 0.0%
	14,841	Other Securities		129,603
MEXICO — 0.1%
	61,938	Corp. Interamericana de Entretenimiento SAB de CV - Series B(b)(c)		43,796
	2,644,397	Other Securities		4,562,840
				4,606,636
MONACO — 0.0%
	1,900	Other Securities		26,975
MONGOLIA — 0.0%
	714,500	Other Securities		13,413

Shares			Value
MOROCCO AND ANTILLES — 0.0%
	77,800	Other Securities	$	20,891
NETHERLANDS — 0.4%
	8,231	Amagerbanken A/S(a)(b)		0
	1,353,231	Other Securities		22,936,456
				22,936,456
NEW ZEALAND — 0.4%
	6,753	CBL Corp. Ltd.(a)(b)(c)		2,681
	16,549	Ebos Group Ltd.(a)		236,757
	3,358,577	Other Securities		21,531,823
				21,771,261
NORWAY — 0.4%
	11,789,283	Other Securities		27,533,455
PERU — 0.1%
	320,686	Other Securities		4,821,002
PHILIPPINES — 0.0%
	7,727,536	Other Securities		1,605,972
POLAND — 0.2%
	6,198,413	Other Securities		13,906,523
PORTUGAL — 0.2%
	4,079,767	Other Securities		12,455,310
PUERTO RICO — 0.1%
	152,500	Other Securities		4,630,084
QATAR — 0.1%
	555,584	Other Securities		4,259,184
ROMANIA — 0.0%
	2,603	Other Securities		21,731
RUSSIA — 0.5%
	4,875,000	Truba Alam Manunggal Engineering PT(a)(b)		0
	6,610	Uni Land SpA(a)(b)		0
	3,232,546,978	Other Securities		31,237,630
				31,237,630
SAUDI ARABIA — 0.0%
	963,836	Other Securities		2,836,180
SINGAPORE — 0.3%
	21,700	Best World International Ltd.(a)		25,847
	88,000	CW Group Holdings Ltd.(a)(c)		971
	584,900	Ezion Holdings Ltd.(a)(b)(c)		18,492
	76,000	Hyflux Ltd.(b)(c)		1,900
	400,600	Midas Holdings Ltd.(a)(b)(c)		10,603
	16,252,910	Other Securities		15,444,128
				15,501,941
SOUTH AFRICA — 0.5%
	8,410,896	Other Securities		27,878,535

Shares			Value
SOUTH KOREA — 1.3%
	93	CJ Corp. - Preference Shares(a)(b)(c)	$	2,919
	12,834	Hanwha General Insurance Co. Ltd.(b)		55,254
	23	Lotte Chilsung Beverage Co. Ltd.(a)(b)		34,082
	4,647	PSK, Inc.(a)(b)(c)		65,241
	180	Pulmuone Co. Ltd.(a)(b)		19,878
	4,342,159	Other Securities		78,333,494
				78,510,868
SPAIN — 0.5%
	20,024	Caja de Ahorros del Mediterraneo(a)(b)		0
	3,720,582	Other Securities		28,378,416
				28,378,416
SWEDEN — 1.1%
	6,900,967	Other Securities		69,001,291
SWITZERLAND — 0.8%
	2,103,211	Other Securities		49,290,749
TAIWAN — 1.6%
	31,360	China Wire & Cable Co. Ltd.(a)(c)		21,058
	145,814,518	Other Securities		98,828,495
				98,849,553
THAILAND — 0.2%
	404,800	Energy Earth Public Co. Ltd. - FOR(a)(b)(c)		3,472
	49,079,428	Other Securities		12,654,127
				12,657,599
TURKEY — 0.4%
	18,968,004	Other Securities		21,571,329
UKRAINE — 0.0%
	4,290	Other Securities		59,588
UNITED ARAB EMIRATES — 0.0%
	3,925,619	Other Securities		1,122,373
UNITED KINGDOM — 4.2%
	673,862	Adaptimmune Therapeutics Plc - ADR(b)(c)		3,234,538
	87,391	Carillion Plc(a)(b)		0
	235,082	Genus Plc(c)		7,402,726
	579,795	Mcbride Plc(a)(b)(c)		756
	2,830,105	Ocado Group Plc(b)(c)		50,382,623
	5,827	Patisserie Holdings Plc(a)(c)		76
	114,343	Renishaw Plc(c)		6,752,532
	599,920	Xaar Plc(c)		760,237
	33,986,589	Other Securities		186,195,884
				254,729,372
UNITED STATES — 54.4%
	645,200	A.O. Smith Corp.		33,918,164

Shares			Value
UNITED STATES (continued)
	238,997	Advance Auto Parts, Inc.	$	39,749,981
	274,997	Alnylam Pharmaceuticals, Inc.(b)		24,568,232
	232,522	ANSYS, Inc.(b)		45,527,808
	847,282	Apergy Corp.(b)		33,628,623
	375,412	AptarGroup, Inc.(c)		41,760,831
	565,000	Avanos Medical, Inc.(b)		23,701,750
	1,545,418	Axalta Coating Systems Ltd.(b)		41,695,378
	302,800	Blackbaud, Inc.		24,009,012
	506,795	Blackline, Inc.(b)		25,887,089
	10,200	Camden National Corp.		448,596
	319,200	CDW Corp.		33,707,520
	635,690	Codexis, Inc.(b)(c)		12,523,093
	389,800	CONMED Corp.		31,195,694
	182,394	Cooper Cos., Inc.		52,879,668
	731,915	CoreLogic, Inc.(b)(c)		29,723,068
	163,678	Digimarc Corp.(b)(c)		4,875,968
	520,120	Dover Corp.		50,992,565
	306,135	Harris Corp.		51,583,748
	7,800	Heritage Commerce Corp.		97,655
	1,945,000	Hostess Brands, Inc.(b)		26,063,000
	217,530	IDEX Corp.		34,078,250
	330,109	Ingredion, Inc.		31,277,828
	582,100	Integra LifeScience Holdings Corp.(b)		30,379,799
	230,000	John Bean Technologies Corp.		25,251,700
	92,950	Jurong Technologies Industrial Corp. Ltd.(a)(b)		0
	1,068,655	KAR Auction Services, Inc.		60,357,634
	199,055	Laboratory Corp of America Holdings(b)		31,832,876
	110,579	Lendingtree, Inc.(b)		42,553,011
	92,726	MarketAxess Holdings, Inc.		25,808,428
	245,620	MSA Safety, Inc.		26,996,094
	544,310	Nasdaq, Inc.		50,185,382
	240,000	New Relic, Inc.(b)		25,257,600
	1,200,000	Pure Storage, Inc. - Class A(b)		27,432,000
	2,711,221	PureTech Health PLC(b)(c)		6,994,743
	321,300	Q2 Holdings, Inc.(b)		24,232,446
	11,219,450	Samsonite International SA(c)		32,177,145
	425,000	Sensient Technologies Corp.		29,801,000
	566,770	Six Flags Entertainment Corp.		30,089,819
	327,780	STERIS PLC		42,932,624
	439,155	Synopsys, Inc.(b)		53,172,887
	155,000	Talend SA - ADR(b)		7,684,900
	157,833	Teleflex, Inc.		45,168,648
	350,000	TreeHouse Foods, Inc.(b)		23,443,000
	355,000	UMB Financial Corp.		24,800,300
	300,695	Verisk Analytics, Inc.(b)		42,440,092
	118,516	Waters Corp.(b)		25,307,907
	149,106	Wayfair, Inc. - Class A(b)		24,177,538
	1,500,000	Welbilt, Inc.(b)		25,245,000

Shares			Value
UNITED STATES (continued)
	302,940	West Pharmaceutical Services, Inc.	$	37,500,943
	393,155	Worldpay, Inc. - Class A(b)		46,081,698
	1,006,690	Wyndham Hotels & Resorts, Inc.		56,092,767
	1,487,044	Yext, Inc.(b)		32,581,134
	44,637,312	Other Securities		1,679,761,367
				3,329,634,003
VIETNAM — 0.0%
	1,771,925	Other Securities		1,455,611
Total Common Stocks (Cost $4,710,810,860)				5,604,436,536
INVESTMENT COMPANY — 0.8%
	48,993,806	SEI Daily Income Trust Government II Fund, Class A 2.25%(d)		48,993,806
Total Investment Company (Cost $48,993,805)				48,993,806
EXCHANGE-TRADED FUNDS — 5.4%
	1,125,000	iShares Russell 2000 Index Fund ETF		178,076,250
	751,000	SPDR S&P Regional Banking ETF		41,905,800
	1,802,000	VanEck Vectors Gold Miners ETF		37,643,780
	2,398,000	VanEck Vectors Junior Gold Miners ETF		70,333,340
Total Exchange-Traded Funds (Cost $331,145,583)				327,959,170
RIGHTS/WARRANTS — 0.0%**
AUSTRALIA — 0.0%
	1,710	Centrebet Litigation Rights, Expiring 12/1/2049(a)(b)		—
	1,710	Centrebet Litigation Units, Expiring 12/1/2049(a)(b)		—
				—
BELGIUM — 0.0%
	494	Other Securities		2,161
CHINA — 0.0%
	619	China International Marine, Expiring 12/31/2019(a)		—
GREECE — 0.0%
	9,600	Ligand Pharmaceuticals, Inc. Contingent Value Rights(a)(b)		—
HONG KONG — 0.0%
	128,742	GVC Holdings Plc. - CVR Shares, Expiring 12/31/2030(a)(b)		—

Shares			Value
HONG KONG (continued)
	9,812	Intercell Contigent Value Rights AG, Expiring 5/22/2029(a)(b)	$	—
				—
INDIA — 0.0%
	92	Other Securities		195
	137,357	Other Securities		—
				195
INDONESIA — 0.0%
	796,300	Other Securities		14,753
KOREA — 0.0%
	7,410	Other Securities		9,134
SPAIN — 0.0%
	169,647	Other Securities		—
Total Rights/Warrants (Cost $1,825)				26,243

Principal
Amount
U.S. GOVERNMENT AGENCIES — 0.6%
Federal Home Loan Bank — 0.6%
	39,000,000	2.30%, 05/01/2019(e)		39,000,000
Total U.S. Government Agencies (Cost $39,000,000)				39,000,000

Shares
CASH SWEEP — 1.0%
	61,263,240	Citibank - US Dollars on Deposit in Custody Account, 0.12%(b)(d)		61,263,240
Total Cash Sweep (Cost $61,263,240)				61,263,240
TOTAL INVESTMENTS — 99.3% (Cost $5,191,215,313)				6,081,678,995
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.7%				41,993,044
NET ASSETS — 100.0%			$	6,123,672,039

(a)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(b)	Non-income producing security.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $22,056,910 or 0.36% of net assets.
(d)	The rate shown represents the current yield as of April 30, 2019.

(e)	The rate represents the annualized yield at time of purchase.
**	“Other Securities” represents issuers not identified as a top 50 holding in terms of market value, issues or issuers not exceeding 1% of net assets individually or in the aggregate, respectively, or any issuers not classified as illiquid or Level 3 investments, as of April 30, 2019.

This Condensed Portfolio of Investments does not reflect the complete portfolio holdings of the Fund. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission(“SEC”). The complete Portfolio of Investments is available(i) without charge, upon request, by calling (800) 607-2200;and (ii) on the SEC’s website at http://www.sec.gov.

Level 3 common stocks and rights with a value of $1,378,352 (cost of $6,794,871) or 0.02% of net assets were fair valued by the Board of Directors.

Portfolio Diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Industrials		16.6	%
Information Technology		15.6
Health Care		14.8
Consumer Discretionary		12.4
Banks		6.9
Materials		6.8
Consumer Staples		5.6
Diversified Financials		3.7
Real Estate		2.9
Utilities		2.3
Energy		2.2
Insurance		2.0
Telecommunication Services		1.6
Financials		1.2
Other*		5.4
Total		100.0	%

Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Contracts			Value
CALL OPTIONS PURCHASED — 0.2%
	60,000	iShares China Large-Cap ETF, Strike $46.00, Expires 05/03/19, (Notional amount $276,000,000)	$	60,000
	2,000	S&P 500 Index, Strike $2,930.00, Expires 05/10/19, (Notional amount $586,000,000)		6,180,000
	1,500	S&P 500 Index, Strike $2,955.00, Expires 05/17/19, (Notional amount $443,250,000)		2,955,000
	100,000	VanEck Vectors Gold Miners ETF, Strike $24.00, Expires 05/17/19, (Notional amount $240,000,000)		100,000
	50,000	VanEck Vectors Gold Miners ETF, Strike $25.00, Expires 09/20/19, (Notional amount $125,000,000)		1,150,000
Total Call Options Purchased (Cost $18,048,483)				10,445,000

PUT OPTIONS PURCHASED — 0.1%
	180,000	Invesco DB US Dollar Index Bullish Fund Strike $26.00, Expires 06/21/19, (Notional amount $468,000,000)		2,520,000
	40,000	iShares China Large-Cap ETF, Strike $43.50, Expires 05/17/19, (Notional amount $174,000,000)		1,120,000
	75,000	iShares MSCI EAFE ETF, Strike $65.00, Expires 05/10/19, (Notional amount $487,500,000)		0
	2,000	S&P 500 Index, Strike $2,700.00, Expires 05/24/19, (Notional amount $540,000,000)		660,000
Total Put Options Purchased (Cost $14,201,365)				4,300,000

Principal Amount
BANK LOANS — 0.5%
UNITED STATES — 0.5%
$	3,345,455	Caliber Home Loans, Inc., (LIBOR + 3.250%), 0.00%, 04/24/21(a),(b),(c)		3,337,091
	10,070,554	Chimera Special Holding LLC First Lien Term Loan, 4.00%, 10/06/19(a),(b),(c)		10,070,554
	8,516,288	Lstar 18-1 Securities Financing, 4.00%, 04/01/21(a),(b),(c)		8,486,481

Principal Amount				Value
UNITED STATES (continued)
$	6,079,433		Roundpoint Mortgage Servicing Corp., (LIBOR + 3.380%), 3.00%, 08/27/20(a),(b),(c)	$	6,081,257
Total Bank Loans (Cost $27,992,126)					27,975,383

CORPORATE BONDS — 3.9%
ARGENTINA — 0.1%
	1,580,000		Aeropuertos Argentina 2000 SA, 6.88%, 02/01/27(d)		1,445,700
	1,000,000		Pampa Energia SA, 7.38%, 07/21/23(d)		897,500
	500,000		YPF SA, 8.50%, 03/23/21(d)		488,350
					2,831,550
AUSTRIA — 0.1%
	750,000		Klabin Austria GmbH, 7.00%, 04/03/49(d)		751,875
	850,000(e	)	Sappi Papier Holding GmbH, 4.00%, 04/01/23(d)		981,965
	1,000,000(e	)	Volksbank Wien AG, (5 yr. CMS + 7.880%), 7.75%, 10/09/67(f)		1,127,055
					2,860,895
BRAZIL — 0.1%
	1,000,000		BRF SA, 4.75%, 05/22/24(d)		970,000
	1,500,000		CSN Resources SA, 6.50%, 07/21/20(d)		1,522,500
	1,000,000		Globo Comunicacao e Participacoes SA, 4.84%, 06/08/25(d)		989,010
	1,000,000		Nexa Resources SA, 5.38%, 05/04/27(d)		1,039,000
					4,520,510
CANADA — 0.1%
	500,000		Baytex Energy Corp., 5.63%, 06/01/24(g)		473,750
	1,000,000		Bombardier, Inc., 6.00%, 10/15/22(g)		1,000,625
	500,000		Bombardier, Inc., 7.50%, 12/01/24(g)		508,350
	500,000		First Quantum Minerals Ltd., 7.25%, 04/01/23(g)		495,250
	500,000		MEG Energy Corp., 6.50%, 01/15/25(g)		502,500
	1,000,000		Mercer International, Inc., 7.38%, 01/15/25(g)		1,055,625

Principal Amount				Value
CANADA (continued)
$	500,000		Parkland Fuel Corp., 6.00%, 04/01/26(g)	$	508,750
					4,544,850
CAYMAN ISLANDS — 0.3%
	5,220,764		Ambac LSNI LLC, (3 mo. LIBOR US + 5.000%), 7.59%, 02/12/23(g),(h)	$	5,279,498
	630,000		Banco do Brasil SA, 4.75%, 03/20/24(d)		643,671
	1,000,000		Banco do Brasil SA, (10 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 7.780%), 8.50%, 04/20/68(d),(i)		1,064,700
	1,000,000		Emirates Reit Sukuk Ltd., 5.13%, 12/12/22		961,680
	1,000,000		Itau Unibanco Holding SA, 5.13%, 05/13/23(d)		1,042,000
	1,000,000		Latam Finance Ltd., 7.00%, 03/01/26(g)		1,023,750
	1,000,000		MAF Global Securities Ltd., (5 yr. Swap Semi 30/360 US + 3.480%), 5.50%, 09/07/67(i)		965,440
	1,725,000(j	)	UPCB Finance VII Ltd., 3.63%, 06/15/29(d)		2,029,088
					13,009,827
CHINA — 0.1%
	1,000,000		China Aoyuan Group Ltd., 8.50%, 01/23/22		1,051,910
	600,000		China Cinda Asset Management Co. Ltd., (5 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 3.290%), 4.45%, 09/30/67(i)		582,750
	1,000,000		China Evergrande Group, 8.25%, 03/23/22		958,682
	1,000,000		Easy Tactic Ltd., 8.75%, 01/10/21		1,036,111
	1,000,000		Future Land Development Holdings Ltd., 7.50%, 01/22/21		1,020,404
	500,000		Greenland Global Investment Ltd., 5.25%, 02/12/21		493,766
	1,000,000		Logan Property Holdings Co. Ltd., 7.50%, 08/25/22		1,024,665
					6,168,288
COLUMBIA — 0.0%
	1,000,000		Bancolombia SA, (5 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 2.930%), 4.88%, 10/18/27(i)		1,015,000

Principal Amount				Value
CURACAO — 0.0%
$	1,000,000		Teva Pharmaceutical Finance IV BV, 3.65%, 11/10/21	$	982,500
DOMINICAN REPUBLIC — 0.0%
	920,000		Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29(d)		963,700
FRANCE — 0.2%
	875,000(e	)	Altice France SA, 5.88%, 02/01/27(d)		1,040,465
	1,000,000(e	)	Casino Guichard Perrachon SA, STEP,, 4.50%, 03/07/24		1,097,025
	900,000(e	)	Electricite de France SA, (6 yr. Euro Swap + 3.440%), 4.00%, 10/04/67(i)		1,059,714
	575,000(e	)	Getlink SE, 3.63%, 10/01/23		673,952
	800,000(e	)	La Financiere Atalian SASU, 4.00%, 05/15/24(d)		668,878
	375,000(e	)	Louvre Bidco SAS, 4.25%, 09/30/24(d)		415,344
	750,000(e	)	Loxam SAS, 3.50%, 05/03/23(d)		855,807
	650,000(e	)	Orano SA, 4.88%, 09/23/24		810,477
	700,000(e	)	Orano SA, 3.38%, 04/23/26		792,032
					7,413,694
GERMANY — 0.1%
	1,375,000(e)		thyssenkrupp AG, 2.88%, 02/22/24		1,593,099
	1,600,000(e)		Unitymedia GmbH, 3.75%, 01/15/27(d)		1,896,972
					3,490,071
HONG KONG — 0.1%
	1,000,000		Bank of East Asia Ltd. (The), (5 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 3.830%), 5.50%, 06/02/67(i)		1,005,171
	1,000,000		Health & Happiness H&H International Holdings Ltd., 7.25%, 06/21/21(d)		1,021,722
	1,000,000		Industrial & Commercial Bank of China Asia Ltd., (5 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 3.140%), 4.25%, 01/21/68(i)		991,220
	1,000,000		Shimao Property Holdings Ltd., 4.75%, 07/03/22		1,000,298

Principal Amount				Value
HONG KONG (continued)
$	1,000,000		Yingde Gases Investment Ltd., 6.25%, 01/19/23(d)	$	1,006,070
					5,024,481
HUNGARY — 0.0%
	775,000(e	)	MOL Hungarian Oil & Gas Plc, 2.63%, 04/28/23		925,796
INDIA — 0.1%
	1,000,000		Azure Power Energy Ltd., 5.50%, 11/03/22(d)		990,070
	500,000		Delhi International Airport Ltd., 6.13%, 02/03/22		516,694
	1,100,000		GMR Hyderabad International Airport Ltd., 4.25%, 10/27/27(d)		984,511
	1,000,000		ReNew Power Synthetic, 6.67%, 03/12/24(d)		1,009,999
	1,000,000		Vedanta Resources Plc, 8.25%, 06/07/21(d)		1,032,700
	950,000		Vedanta Resources Plc, 6.38%, 07/30/22(d)		926,725
					5,460,699
INDONESIA — 0.1%
	1,129,000		Chandra Asri Petrochemical Tbk PT, 4.95%, 11/08/24(d)		1,067,625
	1,000,000		Saka Energi Indonesia PT, 4.45%, 05/05/24(d)		987,208
	958,000		Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33(d)		953,816
					3,008,649
IRELAND — 0.1%
	1,250,000(e	)	Ardagh Packaging Finance Plc/Ardagh Holdings USA, Inc., 6.75%, 05/15/24(d)		1,478,891
	1,025,000		Eurochem Finance DAC, 5.50%, 03/13/24(d)		1,038,448
	775,000(e	)	Smurfit Kappa Acquisitions ULC, 4.13%, 01/30/20(d)		895,182
	1,210,000(k	)	Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24(d)		1,626,801
					5,039,322
ISLE OF MAN — 0.0%
	475,000(j	)	Playtech Plc, 3.75%, 10/12/23		550,477
ITALY — 0.2%
	850,000(e	)	Almaviva-The Italian Innovation Co. SpA, 7.25%, 10/15/22(d)		903,538

Principal Amount				Value
ITALY (continued)
$	900,000(e	)	Banco BPM SpA, (5 yr. Euro Swap + 4.180%), 4.38%, 09/21/27(i)	$	1,001,209
	800,000(e	)	Fire BC SpA, (3 mo. EURIBOR + 4.750%), 4.75%, 09/30/24(d),(h)		901,843
	825,000(e	)	Intesa Sanpaolo SpA, (5 yr. Euro Swap + 7.190%), 7.75%, 07/11/67(i)		1,040,304
	900,000(e	)	Pro-Gest SpA, 3.25%, 12/15/24(d)		967,553
	1,675,000(e	)	Telecom Italia SpA/Milano, 4.00%, 04/11/24		1,968,256
	1,190,000(e	)	UniCredit SpA, (5 yr. Euro ICE Swap + 7.330%), 7.50%, 06/03/67(i)		1,398,108
					8,180,811
JAPAN — 0.0%
	800,000(j	)	SoftBank Group Corp., 4.75%, 07/30/25		989,201
	700,000(j	)	SoftBank Group Corp., 5.00%, 04/15/28		843,026
					1,832,227
JERSEY CHANNEL ISLANDS — 0.0%
	1,650,000(j	)	LHC3 Plc, 4.13% cash or 4.88% PIK, 4.13%, 08/15/24		1,886,453
LUXEMBOURG — 0.4%
	600,000		Altice Finco SA, 7.63%, 02/15/25(d)		561,375
	1,150,000(e	)	Altice Luxembourg SA, 7.25%, 05/15/22(b),(d)		1,315,497
	500,000(e	)	CPI Property Group SA, (5 yr. Euro Swap + 4.944%), 4.88%, 10/16/67(f)		524,641
	1,850,000(e	)	CPI Property Group SA, (5 yr. Euro Swap + 4.150%), 4.38%, 11/09/67(i)		1,966,319
	1,021,000(e	)	Crystal Almond Sarl, 10.00%, 11/01/21(d)		1,225,103
	500,000		Dana Financing Luxembourg Sarl, 5.75%, 04/15/25(g)		510,000
	1,200,000(e	)	Garfunkelux Holdco 3 SA, 7.50%, 08/01/22(d)		1,270,715
	125,000(k	)	Garfunkelux Holdco 3 SA, 8.50%, 11/01/22(d)		151,468
	1,000,000(e	)	Gazprom OAO Via Gaz Capital SA, 2.95%, 01/24/24.		1,182,306
	1,110,000		Hidrovias International Finance Sarl, 5.95%, 01/24/25(d)		1,102,452
	150,000(e	)	Holcim Finance Luxembourg SA, (5 yr. Euro Swap + 3.074%), 3.00%, 07/05/67(f)		167,822

Principal Amount				Value
LUXEMBOURG (continued)
$	500,000		JSL Europe SA, 7.75%, 07/26/24(d)	$	500,130
	1,400,000(e	)	Lincoln Financing SARL, 3.63%, 04/01/24(d)		1,609,895
	250,000(e	)	Lincoln Financing SARL, (3 mo. EURIBOR + 3.875%), 3.88%, 04/01/24(d),(h)		283,143
	500,000		Mallinckrodt International Finance SA/Mallinckrodt CB LLC, 4.88%, 04/15/20(g)		497,500
	1,475,000		Matterhorn Telecom SA, 3.63%, 05/01/22		1,454,474
	450,000		Millicom International Cellular SA, 6.25%, 03/25/29(d)		465,750
	975,000		Minerva Luxembourg SA, 6.50%, 09/20/26(d)		963,544
	1,145,000		Rede D’or Finance Sarl, 4.95%, 01/17/28(d)		1,076,300
	850,000(e	)	Rossini Sarl, 6.75%, 10/30/25(d)		1,028,193
	275,000(e	)	SES SA, (5 yr. Euro Swap + 4.660%), 4.63%, 01/02/68(i)		325,405
	1,050,000(e	)	SES SA, (5 yr. Euro Swap + 5.400%), 5.63%, 01/29/68(i)		1,286,679
	925,000(e	)	Swissport Financing Sarl, 6.75%, 12/15/21(d)		1,071,218
	850,000(e	)	Takko Luxembourg 2 SCA, 5.38%, 11/15/23(d)		793,675
	500,000		Topaz Marine SA, 9.13%, 07/26/22(d)		508,790
	900,000		Ultrapar International SA, 5.25%, 10/06/26(d)		916,956
					22,759,350
MEXICO — 0.0%
	420,000(j	)	Cemex SAB de CV, 3.13%, 03/19/26(d)		481,579
	500,000		Grupo Posadas SAB de CV, 7.88%, 06/30/22(d)		493,750
					975,329
NETHERLANDS — 0.4%
	500,000		Constellium NV, 5.88%, 02/15/26(g)		507,500
	750,000(e	)	Eagle Intermediate Global Holding BV/Ruyi US Finance LLC, 5.38%, 05/01/23(d)		849,733
	1,400,000(e	)	NE Property BV, 1.75%, 11/23/24		1,446,224
	500,000		Petrobras Global Finance BV, 7.38%, 01/17/27		557,900
	3,040,000		Petrobras Global Finance BV, 5.75%, 02/01/29		3,047,600

Principal Amount				Value
NETHERLANDS (continued)
$	925,000		Petrobras Global Finance BV, 6.88%, 01/20/40	$	949,281
	890,000(e	)	PPF Arena 1 BV, 3.13%, 03/27/26		1,002,720
	900,000(e	)	Promontoria Holding 264 BV, 6.75%, 08/15/23(d)		1,044,690
	1,125,000(e	)	Sigma Holdco BV, 5.75%, 05/15/26(d)		1,212,405
	500,000		Stars Group Holdings BV / Stars Group US Co.-Borrower LLC, 7.00%, 07/15/26(g)		522,500
	1,900,000(e	)	Telefonica Europe BV, (6 yr. Euro Swap + 4.110%), 4.38%, 03/14/68(i)		2,221,618
	800,000(e	)	Telefonica Europe BV, (10 yr. Euro Swap + 4.300%), 5.88%, 03/31/68(i)		1,009,449
	1,150,000(e	)	Teva Pharmaceutical Finance Netherlands II BV, 1.25%, 03/31/23		1,225,424
	950,000(e	)	Teva Pharmaceutical Finance Netherlands II BV, 1.13%, 10/15/24		958,972
	1,000,000		Teva Pharmaceutical Finance Netherlands III BV, 2.20%, 07/21/21		960,832
	1,500,000		VEON Holdings BV, 4.95%, 06/16/24(d)		1,522,980
	1,000,000(e	)	Ziggo BV, 4.25%, 01/15/27(d)		1,169,116
					20,208,944
PHILIPPINES — 0.0%
	1,000,000		VLL International, Inc., 5.75%, 11/28/24		999,617
PORTUGAL — 0.1%
	900,000(e	)	Banco Comercial Portugues SA, (5 yr. Euro Swap + 4.270%), 4.50%, 12/07/27(i)		999,350
	900,000(e	)	EDP - Energias de Portugal SA, (5 yr. Euro Swap + 4.290%), 4.50%, 04/30/79(i)		1,081,949
					2,081,299
ROMANIA — 0.0%
	175,000(e	)	Digi Communications NV, 5.00%, 10/15/23(d)		204,061
	875,000(e	)	Globalworth Real Estate Investments, Ltd., REIT, 3.00%, 03/29/25		1,021,651
					1,225,712

Principal Amount				Value
RUSSIA — 0.0%
$	1,000,000		Evraz Plc, 5.38%, 03/20/23(d)	$	1,023,300
SINGAPORE — 0.1%
	1,145,000		ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28		1,069,451
	1,000,000		Global Prime Capital Pte Ltd., 5.50%, 10/18/23		972,949
	1,000,000		Jubilant Pharma Ltd., 6.00%, 03/05/24		1,008,581
	1,000,000(j	)	Mulhacen Pte Ltd., 6.50% cash or 7.25% PIK, 6.50%, 08/01/23		1,135,624
	1,000,000		Pakuwon Prima Pte Ltd., 5.00%, 02/14/24		991,690
					5,178,295
SLOVENIA — 0.0%
	675,000(e	)	United Group BV, (3 mo. EURIBOR + 4.380%), 4.38%, 07/01/23(d),(h)		757,522
SOUTH AFRICA — 0.0%
	1,000,000		FirstRand Bank Ltd., (5 yr. Swap Semi 30/360 US + 3.560%), 6.25%, 04/23/28(i)		1,022,620
SOUTH KOREA — 0.0%
	550,000		KDB Life Insurance Co. Ltd., (5 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 4.658%), 7.50%, 05/21/48(f)		529,375
SPAIN — 0.1%
	900,000(e	)	Abanca Corp. Bancaria SA, (5 yr. Euro Swap + 5.930%), 6.13%, 01/18/29(i)		1,042,197
	700,000(e	)	Banco de Sabadell SA, (5 yr. Euro Swap + 5.100%), 5.38%, 12/12/28(i)		842,938
	900,000(e	)	Bankia SA, (5 yr. Euro Swap + 3.620%), 3.75%, 02/15/29(i)		1,044,577
	600,000(e	)	Ibercaja Banco SA, (5 yr. Euro Swap + 6.810%), 7.00%, 07/06/67(i)		673,804
	1,000,000(e	)	Naviera Armas SA, (3 mo. EURIBOR + 6.500%), 6.50%, 07/31/23(d),(h)		1,121,032
	575,000(e	)	Tasty Bondco 1 SA, 6.25%, 05/15/26(d)		650,566
					5,375,114
SWEDEN — 0.1%
	1,375,000(e	)	Akelius Residential Property AB, (5 yr. Euro Swap + 3.488%), 3.88%, 10/05/78(f)		1,594,024

Principal Amount				Value
SWEDEN (continued)
$	775,000(e	)	Fastighets AB Balder, (5 yr. Euro Swap + 2.900%), 3.00%, 03/07/78(i)	$	861,540
					2,455,564
TURKEY — 0.1%
	1,000,000		Akbank T.A.S., 5.00%, 10/24/22(d)		922,000
	1,120,000		KOC Holding AS, 6.50%, 03/11/25(d)		1,079,411
	1,000,000		QNB Finansbank AS, 6.88%, 09/07/24(d)		974,744
	1,000,000		Turk Telekomunikasyon AS, 6.88%, 02/28/25(d)		955,180
	1,000,000		Turkiye Garanti Bankasi AS, 5.25%, 09/13/22(d)		933,164
	1,030,000		Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26(d)		989,902
					5,854,401
UNITED ARAB EMIRATES — 0.0%
	1,000,000		ADES International Holding Plc, 8.63%, 04/24/24(d)		1,008,448
	1,000,000		DAE Funding LLC, 5.00%, 08/01/24(g)		1,027,500
					2,035,948
UNITED KINGDOM — 0.4%
	700,000(j	)	Algeco Global Finance Plc, 6.50%, 02/15/23(d)		823,594
	1,000,000		AngloGold Ashanti Holdings Plc, 6.50%, 04/15/40		1,037,870
	1,000,000		Arqiva Broadcast Finance Plc, 6.75%, 09/30/23		1,401,802
	600,000		Bracken MidCo1 Plc, 8.88% cash or 8.88% PIK, 8.88%, 10/15/23		774,610
	350,000		Co-operative Group Holdings 2011 Ltd., STEP, 6.88%, 07/08/20		477,852
	700,000		CYBG Plc, (5 yr. US Govt bonds Generic Bid Yield + 7.130%), 7.88%, 12/14/28(i)		1,004,082
	1,375,000		Jaguar Land Rover Automotive Plc, 3.50%, 03/15/20(g)		1,361,731
	700,000		Jerrold Finco Plc, 6.25%, 09/15/21(d)		928,593
	600,000		Kennedy Wilson Europe Real Estate Plc, 3.95%, 06/30/22		795,602
	1,200,000(j	)	Kennedy Wilson Europe Real Estate Plc, 3.25%, 11/12/25		1,370,491

Principal Amount			Value
UNITED KINGDOM (continued)
$	2,000,000	MARB BondCo Plc, 7.00%, 03/15/24(d)	$	2,039,620
	1,250,000	Perform Group Financing Plc, 8.50%, 11/15/20(d)		1,648,666
	800,000	Saga Plc, 3.38%, 05/12/24		921,148
	1,275,000(j)	Titan Global Finance Plc, 3.50%, 06/17/21		1,505,051
	1,475,000(j)	Travelex Financing Plc, 8.00%, 05/15/22(d)		1,687,123
	1,000,000	Tullow Oil Plc, 6.25%, 04/15/22(b),(d)		1,007,500
	775,000	Vodafone Group Plc, (5 yr. GBP Swap + 3.267%), 4.88%, 10/03/78(f)		999,578
	450,000(j)	Vodafone Group Plc, (5 yr. Euro Swap + 2.670%), 3.10%, 01/03/79(i)		505,146
	375,000	William Hill Plc, 4.75%, 05/01/26		495,725
				20,785,784
UNITED STATES — 0.5%
	950,000(j)	Adient Global Holdings Ltd., 3.50%, 08/15/24(d)		918,695
	500,000	Allegheny Technologies, Inc., 7.88%, 08/15/23		541,105
	1,425,000(j)	Alliance Data Systems Corp., 4.50%, 03/15/22(d)		1,634,906
	775,000(j)	Alliance Data Systems Corp., 5.25%, 11/15/23(d)		905,317
	280,122	Ambac Assurance Corp., 5.10%, 06/07/20(g)		395,672
	500,000	Avantor, Inc., 6.00%, 10/01/24(g)		521,719
	1,000,000	Bausch Health Cos, Inc., 6.13%, 04/15/25(g)		1,011,250
	1,000,000	BCD Acquisition, Inc., 9.63%, 09/15/23(g)		1,062,500
	500,000	Berry Petroleum Co. LLC, 7.00%, 02/15/26(g)		490,625
	700,000	BWAY Holding Co., 5.50%, 04/15/24(g)		695,205
	1,000,000	Caesars Resort Collection LLC / CRC Finco, Inc., 5.25%, 10/15/25(g)		977,500
	1,500,000	CEMEX Finance LLC, 6.00%, 04/01/24(d)		1,545,600
	1,000,000	Clearway Energy Operating LLC, 5.75%, 10/15/25(g)		1,022,500
	1,000,000	Covey Park Energy LLC / Covey Park Finance Corp., 7.50%, 05/15/25(g)		930,000

Principal Amount				Value
UNITED STATES (continued)
$	1,000,000		CrownRock LP / CrownRock Finance, Inc., 5.63%, 10/15/25(g)	$	987,500
	500,000		Eagle Holding Co. II LLC, 7.63% cash or 8.38% PIK, 7.63%, 05/15/22(g)		502,500
	500,000		Greif, Inc., 6.50%, 03/01/27(g)		515,000
	1,000,000		H&E Equipment Services, Inc., 5.63%, 09/01/25		1,015,000
	500,000		JB Poindexter & Co., Inc., 7.13%, 04/15/26(g)		510,000
	1,210,000		JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 6.50%, 04/15/29(g)		1,282,600
	810,000		Kosmos Energy Ltd., 7.13%, 04/04/26(d)		811,782
	500,000(j)		MPT Operating Partnership LP / MPT Finance Corp., REIT, 3.33%, 03/24/25		591,562
	650,000(j)		MPT Operating Partnership LP/MPT Finance Corp., REIT, 4.00%, 08/19/22		795,648
	150,000(j)		Netflix, Inc., 3.63%, 05/15/27		176,152
	675,000		Netflix, Inc., 3.88%, 11/15/29(d)		775,095
	200,000(j)		Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 4.38%, 05/15/26(d)		230,209
	450,000		Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 6.25%, 05/15/26(g)		468,563
	150,000		Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 8.50%, 05/15/27(g)		155,100
	500,000		Parsley Energy LLC / Parsley Finance Corp., 5.63%, 10/15/27(g)		511,250
	375,000(j	)	Quintiles IMS, Inc, 3.50%, 10/15/24(d)		430,822
	3,395,000		Southern Star Central Corp., 5.13%, 07/15/22(g)		3,416,898
	500,000		Springleaf Finance Corp., 7.13%, 03/15/26		536,875
	500,000		TransDigm, Inc., 6.50%, 07/15/24		506,563
	500,000		Verscend Escrow Corp., 9.75%, 08/15/26(g)		528,750
	42,119,000		Washington Mutual Bank/Debt Not Acquired By JPMorgan Escrow, 0.00%, 02/04/49(a),(c)		0
	21,131,000		Washington Mutual Bank/Debt Not Acquired By JPMorgan Escrow, 0.00%, 06/16/49(a),(c)		0

Principal Amount			Value
UNITED STATES (continued)
$	9,840,000	Washington Mutual Bank/Debt Not Acquired By JPMorgan Escrow, 0.00%, 11/06/49(a),(c)	$	0
	3,000,000	Washington Mutual Bank/Debt Not Acquired By JPMorgan Escrow, 0.00%, 12/31/49(a),(c)		0
				27,400,463
VIRGIN ISLANDS — 0.0%
	500,000	RKPF Overseas 2019 B Ltd., 7.75%, 04/18/21		521,625
	500,000	Wanda Properties International Co. Ltd., 7.25%, 01/29/24		507,908
				1,029,533
Total Corporate Bonds (Cost $200,456,298)				201,407,970
GOVERNMENT BONDS — 2.6%
CANADA — 1.7%
	115,700,000	Canadian Government Bond, 1.25%, 02/01/20		86,067,258
UNITED KINGDOM — 0.9%
	36,000,000	United Kingdom Gilt, 4.75%, 03/07/20		48,524,209
Total Government Bonds (Cost $139,366,365)				134,591,467
ASSET-BACKED SECURITIES — 14.2%
CAYMAN ISLANDS — 3.9%
Collateralized Loan Obligations — 3.1%
	11,750,000	Adams Mill CLO Ltd., Series 2014-1A, Class F, (3 mo. LIBOR US + 5.690%), 8.29%, 07/15/26(a),(g),(h)		10,650,995
	7,500,000	Adams Mill CLO Ltd., Series 2014-1A, Class SUB, 0.00%, 07/15/26(a),(f),(g)		963,912
	1,000,000	Anchorage Capital CLO 9 Ltd., Series 2016-9A, Class E, (3 mo. LIBOR US + 7.250%), 9.85%, 01/15/29(g),(h)		1,000,442
	1,000,000	Apidos CLO XV, Series 2013-15A, Class ERR, (3 mo. LIBOR US + 5.700%), 8.29%, 04/20/31(g),(h)		918,129
	1,000,000	Apidos CLO XXII, Series 2015-22A, Class D, (3 mo. LIBOR US + 6.000%), 8.59%, 10/20/27(g),(h)		999,974

Principal Amount			Value
CAYMAN ISLANDS (continued)
Collateralized Loan Obligations (continued)
$	2,533,500	Apidos CLO XXIII, Series 2015-23A, Class D2, (3 mo. LIBOR US + 5.950%), 8.55%, 01/15/27(a),(g),(h)	$	2,526,727
	1,500,000	BlueMountain CLO Ltd., Series 2015-1A, Class D, (3 mo. LIBOR US + 5.450%), 8.05%, 04/13/27(g),(h)		1,489,046
	1,000,000	Burnham Park CLO Ltd., Series 2016-1A, Class ER, (3 mo. LIBOR US + 5.400%), 7.99%, 10/20/29(g),(h)		930,892
	1,500,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-1A, Class E1, (3 mo. LIBOR US + 5.300%), 7.89%, 04/20/27(g),(h)		1,477,971
	1,000,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-2A, Class DR, (3 mo. LIBOR US + 4.350%), 6.93%, 04/27/27(g),(h)		933,929
	1,357,178	Carlyle Global Market Strategies CLO Ltd., Series 2015-4A, Class SBB1, (3 mo. LIBOR US + 8.500%), 11.09%, 10/20/27(a),(g),(h)		1,313,099
	500,000	Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 5.200%), 7.79%, 04/20/27(g),(h)		481,878
	1,000,000	Carlyle Global Market Strategies CLO Ltd., Series 2016-3A, Class D, (3 mo. LIBOR US + 7.000%), 9.59%, 10/20/29(g),(h)		1,000,626
	17,550,000	CBAM CLO Management, Series 2019-10A, Class SUB, 0.00%, 04/20/32(f),(g)		16,672,500
	9,915,625	Cedar Funding VII CLO Ltd., Series 2018-7A, Class SUB, 0.00%, 01/20/31(a),(f),(g)		8,191,212
	1,000,000	Cumberland Park CLO Ltd., Series 2015-2A, Class ER, (3 mo. LIBOR US + 5.650%), 8.24%, 07/20/28(g),(h)		988,745
	11,500,000	Jackson Mill CLO Ltd., Series 2015-1A, Class ER, (3 mo. LIBOR US + 5.000%), 7.60%, 04/15/27(g),(h)		11,095,023
	20,000,000	Jackson Mill CLO Ltd., Series 2015-1A, Class SUB, 0.00%, 04/15/27(a),(f),(g)		11,972,892
	8,000,000	Jefferson Mill CLO Ltd., Series 2015-1A, Class SUB, 0.00%, 10/20/31(a),(f)		4,041,152
	7,400,000	Jefferson Mill CLO Ltd., Series 2015-1A, Class SUB, (3 mo. LIBOR US + 8.150%), 10.73%, 10/20/31(h)		6,706,442

Principal Amount			Value
CAYMAN ISLANDS (continued)
Collateralized Loan Obligations (continued)
$	1,250,000	Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ER, (3 mo. LIBOR US + 5.000%), 7.60%, 01/15/28(g),(h)	$	1,188,088
	1,000,000	Rockford Tower CLO Ltd., Series 2017-2A, Class E, (3 mo. LIBOR US + 6.080%), 8.68%, 10/15/29(g),(h)		969,003
	11,000,000	Romark CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 6.650%), 9.24%, 10/23/30(g),(h)		10,867,966
	5,000,000	Romark CLO Ltd., Series 2017-1A, Class SUB, 0.00%, 10/23/30(f),(g)		3,935,152
	15,100,000	Romark CLO Ltd., Series 2018-2A, Class D, (3 mo. LIBOR US + 6.250%), 8.83%, 07/25/31(g),(h)		14,248,751
	5,000,000	Romark CLO Ltd., Series 2018-2A, Class SUB, 0.00%, 07/25/31(f),(g)		3,761,406
	21,591,392	Romark WM-R Ltd., Series 2014-1A, Class SUB, 0.00%, 04/20/31(a),(f),(g)		11,545,900
	1,250,000	Shackleton CLO Ltd., Series 2017-10A, Class E, (3 mo. LIBOR US + 6.220%), 8.81%, 04/20/29(g),(h)		1,178,739
	1,000,000	Sound Point CLO IX Ltd., Series 2015-2A, Class E, (3 mo. LIBOR US + 5.500%), 8.09%, 07/20/27(g),(h)		976,069
	500,000	Sound Point CLO XIV Ltd., Series 2016-3A, Class E, (3 mo. LIBOR US + 6.650%), 9.24%, 01/23/29(g),(h)		500,198
	1,000,000	Teacher’s Insurance & Annuity CLO II Ltd., Series 2017-1A, Class E, (3 mo. LIBOR US + 5.850%), 8.44%, 04/20/29(g),(h)		937,876
	5,500,000	THL Credit Wind River CLO Ltd., Series 2018-2A, Class SUB, 0.00%, 07/15/30(a),(f),(g)		4,748,446
	1,250,000	Vibrant CLO IV Ltd., Series 2016-4A, Class D, (3 mo. LIBOR US + 4.500%), 7.09%, 07/20/28(g),(h)		1,251,374
	1,500,000	Voya CLO Ltd., Series 2016-2A, Class D, (3 mo. LIBOR US + 6.950%), 9.54%, 07/19/28(g),(h)		1,499,939
	1,000,000	Westcott Park CLO Ltd., Series 2016-1A, Class D, (3 mo. LIBOR US + 4.350%), 6.94%, 07/20/28(g),(h)		1,000,767

Principal Amount			Value
CAYMAN ISLANDS (continued)
Collateralized Loan Obligations (continued)
$	1,000,000	Westcott Park CLO Ltd., Series 2016-1A, Class E, (3 mo. LIBOR US + 7.200%), 9.79%, 07/20/28(g),(h)	$	1,000,462
	4,500,000	York CLO-3 Ltd., Series 2016-1A, Class ER, (3 mo. LIBOR US + 6.400%), 8.99%, 10/20/29(a),(g),(h)		4,353,632
	4,000,000	York CLO-3 Ltd., Series 2016-1A, Class SUB, 0.00%, 10/20/29(f),(g)		2,847,865
	6,375,000	York CLO-3 Ltd., Series 2018-1A, Class SUB, 0.00%, 10/22/31(a),(f),(g)		4,548,513
	1,000,000	York CLO-4 Ltd., Series 2016-2A, Class E, (3 mo. LIBOR US + 6.940%), 9.53%, 01/20/30(g),(h)		1,001,741
				156,717,473
Other Asset-Backed Securities — 0.8%
	2,800,000	ALM Loan Funding Ltd., Series 2012-6A, Class DR3, (3 mo. LIBOR US + 5.050%), 7.65%, 07/15/26(a),(g),(h)		2,684,363
	1,000,000	ALM Loan Funding Ltd., Series 2013-7RA, Class DR, (3 mo. LIBOR US + 7.140%), 9.74%, 10/15/28(g),(h)		1,000,931
	2,000,000	ALM Loan Funding Ltd., Series 2015-16A, Class DR2, (3 mo. LIBOR US + 5.100%), 7.70%, 07/15/27(g),(h)		1,914,498
	3,881,631	Atrium VIII, Series 8A, Class SUB, 0.00%, 10/23/24(f),(g)		2,036,122
	2,000,000	Atrium XII, Series 12A, Class ER, (3 mo. LIBOR US + 5.250%), 7.84%, 04/22/27(g),(h)		1,901,449
	12,131,250	Atrium XIII, Series 13A, Class SUB, 0.00%, 11/21/47(a),(f),(g)		10,661,982
	3,250,000	CIFC Funding Ltd., Series 2016-1A, Class E, (3 mo. LIBOR US + 6.750%), 9.34%, 10/21/28(a),(g),(h)		3,251,685
	1,750,000	HPS Loan Management Ltd., Series 2016-10A, Class D, (3 mo. LIBOR US + 6.500%), 9.09%, 01/20/28(g),(h)		1,702,363
	750,000	LCM Ltd. Partnership XVIII LP, Series 18A, Class INC, 0.00%, 04/20/31(f),(g)		441,033
	2,000,000	Madison Park Funding XVI, Ltd., Series 2015-16A, Class D, (3 mo. LIBOR US + 5.500%), 8.09%, 04/20/26(g),(h)		1,991,926

Principal Amount			Value
CAYMAN ISLANDS (continued)
Other Asset-Backed Securities (continued)
$	1,000,000	OZLM XV Ltd., Series 2016-15A, Class D, (3 mo. LIBOR US + 7.150%), 9.74%, 01/20/29(g),(h)	$	1,000,114
	6,750,000	Romark WM-R Ltd., Series 2018-1A, Class E, (3 mo. LIBOR US + 5.260%), 7.85%, 04/20/31(g),(h)		5,941,179
	7,500,000	Romark WM-R Ltd., Series 2018-1A, Class F, (3 mo. LIBOR US + 8.100%), 10.69%, 04/20/31(g),(h)		6,794,645
				41,322,290
				198,039,763
UNITED STATES — 10.3%
Collateralized Loan Obligations — 0.1%
	3,991,300	Ari Investments LLC, 4.48%, 01/06/25(a),(c)		3,991,300
	3,308,033	CWHEQ Revolving Home Equity Loan Trust, Series 2006-C, Class 2A, (1 mo. LIBOR US + 0.180%), 2.65%, 05/15/36(h)		3,194,964
				7,186,264
Other Asset-Backed Securities — 10.2%
	5,197,887	Ajax Mortgage Loan Trust, Series 2017-D, Class A, 3.75%, 12/25/57(g)		5,352,257
	1,448,330	Ajax Mortgage Loan Trust, Series 2017-D, Class B, 0.00%, 12/25/57(c),(f),(g)		651,749
	2,785,650	Ajax Mortgage Loan Trust, Series 2018-A, Class A, 3.85%, 04/25/58(g)		2,792,127
	781,512	Ajax Mortgage Loan Trust, Series 2018-A, Class B, 0.00%, 04/25/58(c),(g)		429,832
	7,529,052	Ajax Mortgage Loan Trust, Series 2018-D, Class A, 3.75%, 08/25/58(a),(c),(f),(g)		7,434,939
	1,836,579	Ajax Mortgage Loan Trust, Series 2018-D, Class B, 0.00%, 08/25/58(c),(f),(g)		1,028,484
	1,312,500	Ajax Mortgage Loan Trust, Series 2018-E, Class B, 5.25%, 06/25/58(f),(g)		1,337,135
	3,324,901	Ajax Mortgage Loan Trust, Series 2018-E, Class C, 0.00%, 06/25/58(f),(g)		978,186
	1,498,613	Ajax Mortgage Loan Trust, Series 2018-F, Class B, 5.25%, 11/25/58(f),(g)		1,470,589

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	3,654,699	Ajax Mortgage Loan Trust, Series 2018-F, Class C, 0.00%, 11/25/58(g)	$	1,743,657
	21,180,691	Ajax Mortgage Loan Trust, Series 2018-G, Class A, 4.38%, 06/25/57(f),(g)		21,170,101
	2,100,000	Ajax Mortgage Loan Trust, Series 2018-G, Class B, 5.25%, 06/25/57(f),(g)		2,061,150
	5,374,311	Ajax Mortgage Loan Trust, Series 2018-G, Class C, 0.01%, 06/25/57(g)		4,981,986
	22,500,000	Ajax Mortgage Loan Trust, Series 2019-A, Class-A, 3.75%, 08/25/57(f),(g)		22,452,750
	2,450,000	Ajax Mortgage Loan Trust, Series 2019-A, Class-B, 5.25%, 08/25/57(f),(g)		2,400,020
	6,300,000	Ajax Mortgage Loan Trust, Series 2019-A, Class-C, 0.01%, 08/25/57(g)		5,016,171
	22,500,000	Ajax Mortgage Loan Trust, Series 2019-B, Class A, 3.75%, 01/25/59(f),(g)		22,443,750
	2,100,000	Ajax Mortgage Loan Trust, Series 2019-B, Class B, 5.25%, 01/25/59(f),(g)		2,077,723
	5,400,000	Ajax Mortgage Loan Trust, Series 2019-B, Class C, 0.01%, 01/25/59(g)		3,888,000
	11,877,201	Argent Mortgage Loan Trust, Series 2005-W1, Class A2, (1 mo. LIBOR US + 0.480%), 2.96%, 05/25/35(h)		11,220,658
	4,769,353	Argent Securities, Inc. Asset-Backed Pass-Through Certificates Series 2005-W5, Class M1, (1 mo. LIBOR US + 0.460%), 2.94%, 01/25/36(h)		3,456,100
	6,158,274	Asset Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE1, Class M2, (1 mo. LIBOR US + 0.420%), 2.90%, 01/25/36(h)		3,790,468
	5,740,000	Bank of America Manufactured Housing Contract Trust, Series 1997-2, Class B1, 7.07%, 02/10/22(f)		4,628,478
	5,000,000	Bank of America Manufactured Housing Contract Trust, Series 1998-2, Class B1, 7.93%, 12/10/25(f)		3,105,255
	11,471,908	Bayview Financial Revolving Asset Trust, Series 2004-B, Class A1, (1 mo. LIBOR US + 1.000%), 3.48%, 05/28/39(g),(h)		10,023,580

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	2,533,064	Bayview Financial Revolving Asset Trust, Series 2004-B, Class A2, (1 mo. LIBOR US + 1.300%), 3.78%, 05/28/39(g),(h)	$	2,017,367
	4,074,010	Bayview Financial Revolving Asset Trust, Series 2005-A, Class A1, (1 mo. LIBOR US + 1.000%), 3.48%, 02/28/40(g),(h)		3,883,803
	5,371,535	Bayview Financial Revolving Asset Trust, Series 2005-E, Class A2A, (1 mo. LIBOR US + 0.930%), 3.41%, 12/28/40(g),(h)		5,005,604
	2,025,913	Bear Stearns Asset Backed Securities I Trust, Series 2006-HE1, Class 1M4, (1 mo. LIBOR US + 0.680%), 3.16%, 12/25/35(h)		2,291,806
	3,084,580	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A1, (1 mo. LIBOR US + 0.350%), 2.83%, 03/25/36(h)		751,385
	3,084,580	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A3, (1 mo. LIBOR US + 0.350%), 2.83%, 03/25/36(h)		751,385
	5,952,399	Bear Stearns Asset-Backed Securities Trust, Series 2006-HE10, Class 22A, (1 mo. LIBOR US + 0.140%), 2.62%, 12/25/36(h)		6,214,479
	666,712	Bear Stearns Second Lien Trust, Series 2007-SV1A, Class M1, (1 mo. LIBOR US + 1.200%), 3.68%, 01/25/36(g),(h)		664,760
	3,790,504	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A2, 7.58%, 06/15/30(f)		1,257,320
	3,553,597	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A3, 7.83%, 06/15/30(f)		1,252,117
	2,534,740	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A4, 8.29%, 06/15/30(f)		980,165
	5,735,196	Carrington Mortgage Loan Trust, Series 2006-FRE1, Class A3, (1 mo. LIBOR US + 0.150%), 2.63%, 04/25/36(h)		5,540,469

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	4,884,740	Carrington Mortgage Loan Trust, Series 2007-FRE1, Class A4, (1 mo. LIBOR US + 0.420%), 2.90%, 02/25/37(h)	$	3,731,600
	12,415,000	Carrington Mortgage Loan Trust, Series 2007-RFC1, Class A4, (1 mo. LIBOR US + 0.220%), 2.70%, 10/25/36(a),(h)		8,455,271
	11,277,434	Conseco Finance Securitizations Corp., Series 2000-1, Class A5, 8.06%, 09/01/29(f)		5,052,525
	14,178,884	Conseco Finance Securitizations Corp., Series 2000-4, Class A5, 7.97%, 05/01/32		6,097,592
	3,152,476	Conseco Financial Corp., Series 1997-7, Class M1, 7.03%, 07/15/28(f)		3,185,157
	2,798,774	Conseco Financial Corp., Series 1998-2, Class M1, 6.94%, 12/01/28(f)		2,683,756
	3,938,148	Conseco Financial Corp., Series 1999-5, Class A5, 7.86%, 03/01/30(f)		2,747,276
	3,032,242	Conseco Financial Corp., Series 1999-5, Class A6, 7.50%, 03/01/30(f)		2,047,300
	4,556,356	Countrywide Asset-Backed Certificates, Series 2005-17, Class 1AF4, STEP, 6.05%, 05/25/36		4,449,022
	874,625	Countrywide Asset-Backed Certificates, Series 2006-11, Class 3AV2, (1 mo. LIBOR US + 0.160%), 2.64%, 09/25/46(h)		860,314
	1,282,740	Countrywide Asset-Backed Certificates, Series 2006-S4, Class A4, 5.93%, 07/25/34(f)		1,295,374
	1,690,599	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 4Q1B, (1 mo. LIBOR US + 0.300%), 2.77%, 12/15/33(g),(h)		1,581,619
	1,286,976	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 4T1B, (1 mo. LIBOR US + 0.240%), 2.71%, 02/15/30(g),(h)		1,202,181
	1,095,043	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 5B1B, (1 mo. LIBOR US + 0.190%), 2.66%, 05/15/35(g),(h)		1,009,858

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	1,571,680	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 5F1A, (1 mo. LIBOR US + 0.240%), 2.71%, 12/15/35(g),(h)	$	1,510,988
	6,879,000	Finance of America Structured Securities Trust, Series 2019-HB1, Class M5, 6.00%, 04/25/29(f),(g)		6,482,691
	3,325,000	Finance of America Structured Securities Trust, Series 2018-HB1, Class M4, 5.23%, 09/25/28(a),(c),(f),(g)		3,325,000
	4,000,000	Finance of America Structured Securities Trust, Series 2018-HB1, Class M5, 6.00%, 09/25/28(c),(f),(g)		3,921,200
	2,668,109	First Franklin Mortgage Loan Trust, Series 2003-FF4, Class-M1, (1 mo. LIBOR US + 1.800%), 4.30%, 10/25/33(h)		2,673,649
	5,000,000	First Franklin Mortgage Loan Trust, Series 2006-FF4, Class M1, (1 mo. LIBOR US + 0.360%), 3.03%, 03/25/36(h)		3,826,515
	9,750,534	First Franklin Mortgage Loan Trust, Series 2006-FF8, Class M1, (1 mo. LIBOR US + 0.250%), 2.73%, 07/25/36(h)		4,921,899
	4,457,466	First Franklin Mortgage Loan Trust, Series 2006-FFH1, Class M2, (1 mo. LIBOR US + 0.400%), 2.88%, 01/25/36(h)		2,568,950
	4,832,397	First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A2C, (1 mo. LIBOR US + 0.150%), 2.63%, 03/25/37(h)		3,224,638
	1,500,000	Fremont Home Loan Trust, Series 2005-D, Class M1, (1 mo. LIBOR US + 0.410%), 2.89%, 11/25/35(h)		1,340,155
	1,499,231	GMAC Mortgage Home Equity Loan Trust, Series 2005-HE3, Class A3, (1 mo. LIBOR US + 0.500%), 2.98%, 02/25/36(h)		1,481,482
	972,906	GMAC Mortgage Home Equity Loan Trust, Series 2006-HE1, Class A, (1 mo. LIBOR US + 0.320%), 2.79%, 11/25/36(h)		954,311
	7,206,825	Greenpoint Manufactured Housing, Series 2000-3, Class IA, 8.45%, 06/20/31(f)		6,040,085
	9,131,001	GSAA Home Equity Trust, Series 2007-9, Class A3A, 7.00%, 08/25/47		4,561,297

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	539,421	GSAA Trust, Series 2006-7, Class AF2, 5.99%, 03/25/46(f)	$	346,432
	4,375,000	Home Equity Asset Trust, Series 2007-1, Class 2A3, (1 mo. LIBOR US + 0.150%), 2.63%, 05/25/37(h)		3,614,199
	5,640,340	HSI Asset Loan Obligation Trust, Series 2007-WF1, Class A3, STEP, 4.96%, 12/25/36		2,992,514
	1,050,000	Invitation Homes Trust, Series 2017-SFR2, Class D, (1 mo. LIBOR US + 1.800%), 4.27%, 12/17/36(g),(h)		1,051,064
	705,633	Invitation Homes Trust, Series 2018-SFR1, Class F, (1 mo. LIBOR US + 2.500%), 4.97%, 03/17/37(g),(h)		703,809
	2,104,994	Irwin Home Equity Loan Trust, Series 2006-3, Class 2A3, STEP, 6.53%, 09/25/37(g)		2,064,450
	4,000,000	JPMorgan Mortgage Acquisition Corp., Series 2006-CW1,Class M1, (1 mo. LIBOR US + 0.270%), 2.75%, 05/25/36(h)		3,779,511
	10,000,000	Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75%, 01/25/59(g)		10,018,116
	14,604,056	Legacy Mortgage Asset Trust, Series 2019-SL1, Class A, 4.00%, 12/28/54(f),(g)		14,587,649
	350,489	Lehman ABS Mortgage Loan Trust, Series 2007-1, Class 2A1, (1 mo. LIBOR US + 0.090%), 2.57%, 06/25/37(g),(h)		251,722
	10,621,659	Lehman ABS Mortgage Loan Trust, Series 2007-1, Class 2A4, (1 mo. LIBOR US + 0.300%), 2.78%, 06/25/37(a),(g),(h)		7,840,495
	7,212,848	Lehman ABS Mortgage Loan Trust,Series 2007-1,Class 2A2, (1 mo. LIBOR US + 0.200%), 2.68%, 06/25/37(g),(h)		5,744,819
	1,181,708	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A2, (1 mo. LIBOR US + 0.110%), 2.59%, 11/25/36(h)		534,527
	16,300,131	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A3, (1 mo. LIBOR US + 0.160%), 2.64%, 11/25/36(h)		7,439,669
	3,203,836	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A4, (1 mo. LIBOR US + 0.220%), 2.70%, 11/25/36(h)		1,477,783

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	6,175,110	Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A3, (1 mo. LIBOR US + 0.160%), 2.64%, 10/25/36(h)	$	2,581,693
	3,999,049	Madison Avenue Manufactured Housing Contract Trust, Series 2002-A, Class B2, (1 mo. LIBOR US + 3.250%), 5.73%, 03/25/32(h)		4,066,933
	4,362,312	Mastr Second Lien Trust, Series 2006-1, Class A, (1 mo. LIBOR US + 0.320%), 2.80%, 03/25/36(h)		752,154
	3,212,351	Merit Securities Corp., Series 13, Class M2, STEP, 7.95%, 12/28/33		2,590,121
	10,745,799	Merrill Lynch Mortgage Investors Trust, Series 2006-RM5, Class A2D, (1 mo. LIBOR US + 0.250%), 2.73%, 10/25/37(h)		4,363,932
	1,421,306	Morgan Stanley ABS Capital I, Series 2006-HE4, Class A4, (1 mo. LIBOR US + 0.240%), 2.72%, 06/25/36(h)		941,569
	7,577,484	Morgan Stanley ABS Capital I, Series 2007-NC1, Class A1, (1 mo. LIBOR US + 0.130%), 2.61%, 11/25/36(h)		4,469,740
	7,582,714	Morgan Stanley ABS Capital I, Series 2007-NC3, Class A2B, (1 mo. LIBOR US + 0.140%), 2.62%, 05/25/37(h)		5,779,532
	5,960,201	Morgan Stanley Capital I, Series 2006-NC2, Class M1, (1 mo. LIBOR US + 0.360%), 2.84%, 02/25/36(h)		4,854,073
	5,215,987	Morgan Stanley Mortgage Loan Trust, Series 2006-12XS, Class A4, STEP, 6.01%, 10/25/36		2,250,167
	2,301,041	Morgan Stanley Mortgage Loan Trust, Series 2006-4SL, Class A1, STEP, (1 mo. LIBOR US + 0.300%), 2.78%, 03/25/36(h)		2,320,476
	3,200,000	Nationstar HECM Loan Trust, Series 2018-2A, Class M4, 5.06%, 07/25/28(a),(c),(f),(g)		3,243,808
	8,000,000	Nationstar Home Equity Loan Trust, Series 2007-A, Class M3, (1 mo. LIBOR US + 0.300%), 2.78%, 03/25/37(h)		6,665,751
	5,699,670	New Century Home Equity Loan Trust, Series 2005-C, Class M2, (1 mo. LIBOR US + 0.450%), 2.93%, 12/25/35(h)		3,330,685

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	2,520,599	Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2006-S5, Class A1, (1 mo. LIBOR US + 0.400%), 2.88%, 10/25/36(g),(h)	$	2,350,478
	2,387,344	Oakwood Mortgage Investors, Inc., Series 1999-C, Class A2, 7.48%, 08/15/27		2,292,279
	10,504,120	Oakwood Mortgage Investors, Inc., Series 2000-D, Class A4, 7.40%, 07/15/30(f)		4,714,558
	8,576,285	Oakwood Mortgage Investors, Inc., Series 2001-C, Class A2, 5.92%, 06/15/31(f)		2,141,015
	5,950,110	Oakwood Mortgage Investors, Inc., Series 2001-C, Class A3, 6.61%, 06/15/31(f)		1,654,191
	6,799,285	Oakwood Mortgage Investors, Inc., Series 2001-C, Class A4, 7.41%, 06/15/31(f)		2,115,090
	830,274	Oakwood Mortgage Investors, Inc., Series 2001-D, Class A3, 5.90%, 09/15/22(f)		645,429
	3,820,559	Oakwood Mortgage Investors, Inc., Series 2002-A, Class M1, 7.76%, 03/15/32(a),(f)		3,711,954
	1,186,197	Oakwood Mortgage Investors, Inc., Series 2002-B, Class A4, 7.09%, 06/15/32(f)		1,269,687
	3,000,000	OneMain Financial Issuance Trust, Series 2015-1A, Class D, 6.63%, 03/18/26(g)		3,048,473
	10,000,000	OneMain Financial Issuance Trust, Series 2015-2A, Class D, 5.64%, 07/18/25(g)		10,044,102
	4,000,000	OneMain Financial Issuance Trust, Series 2015-3A, Class D, 6.94%, 11/20/28(g)		4,099,969
	3,554,129	Option One Mortgage Loan Trust, Series 2007-FXD2, Class 1A1, STEP, 5.82%, 03/25/37		3,529,531
	2,955,985	Popular ABS Mortgage Pass-Through Trust, Series 2005-3, Class M2, 5.25%, 07/25/35		2,426,949
	1,250,368	Preston Ridge Partners Mortgage LLC, Series 2017-1A, Class A1, STEP, 4.25%, 01/25/22(g)		1,265,726
	5,000,000	Progress Residential Trust, Series 2016-SFR2, Class E, (1 mo. LIBOR US + 3.550%), 6.02%, 01/17/34(g),(h)		4,999,969

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	4,000,000	Residential Asset Securities Corp, Series 2006-KS4, Class M2, (1 mo. LIBOR US + 0.290%), 2.77%, 06/25/36(h)	$	3,693,421
	3,825,000	Residential Asset Securities Corp., Class M4, (1 mo. LIBOR US + 0.580%), 3.06%, 11/25/35(h)		2,992,257
	2,620,543	SACO I Trust, Series 2006-7, Class A1, (1 mo. LIBOR US + 0.260%), 2.74%, 07/25/36(h)		2,627,884
	4,930,583	Saxon Asset Securities Trust, Series 2006-2, Class M3, (1 mo. LIBOR US + 0.320%), 2.80%, 09/25/36(h)		2,293,108
	7,501,660	Saxon Asset Securities Trust, Series 2007-1, Class M1, (1 mo. LIBOR US + 0.290%), 2.77%, 01/25/47(a),(h)		4,945,036
	7,963,005	Securitized Asset Backed Receivables LLC Trust, Series 2006-WM4, Class A1, (1 mo. LIBOR US + 0.190%), 2.67%, 11/25/36(g),(h)		4,666,348
	6,927,091	Securitized Asset Backed Receivables LLC Trust, Series 2006-WM4, Class A2B, (1 mo. LIBOR US + 0.120%), 2.60%, 11/25/36(h)		2,659,696
	3,236,093	Securitized Asset Backed Receivables LLC Trust, Series 2007-BR1, Class A2B, (1 mo. LIBOR US + 0.270%), 2.75%, 02/25/37(h)		2,380,235
	12,022,523	Soundview Home Loan Trust, Series 2006-OPT5, Class M1, (1 mo. LIBOR US + 0.250%), 2.73%, 07/25/36(h)		6,536,468
	4,164,021	Structured Asset Investment Loan Trust, Series 2005-9, Class M2, (1 mo. LIBOR US + 0.450%), 2.93%, 11/25/35(h)		2,287,901
	4,654,190	Structured Asset Investment Loan Trust, Series 2005-HE1, Class M3, (1 mo. LIBOR US + 0.500%), 2.98%, 07/25/35(h)		2,699,475
	1,876,704	Structured Asset Securities Corp. Mortgage Loan Trust, Series 2007-WF1, Class M1, (1 mo. LIBOR US + 0.440%), 2.92%, 02/25/37(h)		1,063,629
	10,000,000	Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (1 mo. LIBOR US + 1.000%), 3.50%, 05/25/58(g),(h)		10,048,580

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	10,000,000	Towd Point Mortgage Trust, Series 2019-SJ2, Class A2, 4.25%, 11/25/58(f),(g)	$	10,198,525
	10,000,000	Towd Point Mortgage Trust, Series 2019-SJ2, Class M1, 4.50%, 11/25/58(f),(g)		10,097,437
	9,759,765	Vericrest Opportunity Loan Trust, Series 2019-NPL2, Class A1, 3.97%, 02/25/49(g)		9,783,553
	14,942,434	Vericrest Opportunity Loan Trust, Series 2019-NPL3, Class A1, 3.97%, 03/25/49(g)		14,963,688
	10,026,664	Yale Mortgage Loan Trust, Series 2007-1, Class A, (1 mo. LIBOR US + 0.400%), 2.88%, 06/25/37(g),(h)		4,176,707
				526,858,251
				534,044,515
Total Asset-Backed Securities (Cost $790,671,234)				732,084,278
NON-AGENCY MORTGAGE-BACKED SECURITIES — 10.6%
COLLATERALIZED MORTGAGE OBLIGATIONS — 9.3%
	984,879	Adjustable Rate Mortgage Trust, Series 2005-3, Class 2A1, 4.35%, 07/25/35(f)		954,993
	2,347,612	Adjustable Rate Mortgage Trust, Series 2007-1, Class 4A1, 5.13%, 03/25/37(f)		2,021,709
	2,713,677	Ajax Mortgage Loan Trust, Series 2018-B, Class A, 3.75%, 02/26/57(c),(g)		2,710,692
	1,270,659	Ajax Mortgage Loan Trust, Series 2018-B, Class B, 0.00%, 02/26/57(c),(g)		355,785
	2,166,445	American Home Mortgage Assets Trust, Series 2006-2, Class 1A1, (12 mo. Federal Reserve Cumulative Average US + 0.960%), 3.41%, 09/25/46(h)		2,018,985
	2,034,407	American Home Mortgage Assets Trust, Series 2007-3, Class 22A1, STEP, 6.25%, 06/25/37		1,815,845
	11,878,716	Angel Oak Mortgage Trust I LLC, Series 2019-2, Class-A1, 3.63%, 03/25/49(f),(g)		11,945,454
	12,032,121	APS Resecuritization Trust, Series 2016-1, Class 1MZ, 4.15%, 07/31/57(f),(g)		3,743,794

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,296,994	Banc of America Alternative Loan Trust, Series 2006-9, Class A2, (1 mo. LIBOR US + 0.400%), 2.88%, 01/25/37(h)	$	1,866,784
	333,561	Banc of America Funding Corp., Series 2005-F, Class 6A1, 4.14%, 09/20/35(f)		324,716
	755,347	Banc of America Funding Corp., Series 2006-A, Class 3A2, 4.36%, 02/20/36(f)		706,866
	737,829	Banc of America Funding Corp., Series 2006-E, Class 2A1, 4.42%, 06/20/36(f)		722,911
	2,136,423	Banc of America Funding Corp., Series 2007-1, Class TA5, STEP, 6.09%, 01/25/37		2,102,381
	3,199,513	Banc of America Funding Corp., Series 2015-R3, Class 1A2, 2.98%, 03/27/36(f),(g)		2,541,420
	752,626	Banc of America Mortgage Securities, Inc., Series 2005-I, Class 2A5, 4.78%, 10/25/35(f)		753,323
	3,995,743	BCAP LLC , Series 2012-RR3, Class 1A5, 6.61%, 12/26/37(f),(g)		3,867,153
	1,970,185	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-12, Class 23A1, 4.26%, 02/25/36(f)		1,853,177
	503,893	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-6, Class 5A1, 4.30%, 08/25/35(f)		440,964
	558,086	Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-3, Class 1A1, 4.30%, 05/25/47(f)		520,025
	2,079,463	Bear Stearns Alt-A Trust, Series 2006-2, Class 11A1, (1 mo. LIBOR US + 0.440%), 2.92%, 04/25/36(h)		2,347,380
	4,598,282	Bear Stearns ALT-A Trust, Series 2006-6, Class 1A1, (1 mo. LIBOR US + 0.320%), 2.80%, 11/25/36(h)		4,888,109
	2,328,976	Bear Stearns Mortgage Funding Trust, Series 2006-SL1, Class A1, (1 mo. LIBOR US + 0.280%), 2.76%, 08/25/36(h)		2,329,000
	1,654,305	Bear Stearns Mortgage Funding Trust, Series 2006-SL4, Class A, (1 mo. LIBOR US + 0.300%), 2.78%, 11/25/36(h)		1,599,785
	5,248,514	Chase Mortgage Finance Trust, Series 2007-S6, Class 1A1, 6.00%, 12/25/37		3,870,353
	2,179,604	Chase Mortgage Trust, Series 2016-1, Class M4, 3.75%, 04/25/45(f),(g)		2,135,755

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,504,441	CHL Mortgage Pass-Through Trust, Series 2005-J2, Class 2A4, (1 mo. LIBOR US + 1.400%), 3.88%, 08/25/35(h)	$	2,157,732
	9,837,433	CIM Trust, Series 2019-INV1, Class A1, 4.00%, 02/25/49(f),(g)		9,988,780
	3,956,475	Citicorp Mortgage Securities Trust, Series 2007-9, Class 1A1, 6.25%, 12/25/37		3,514,670
	4,039,471	Citicorp Mortgage Securities Trust, Series 2008-2, Class 1A1, 6.50%, 06/25/38		3,452,018
	352,585	Citigroup Mortgage Loan Trust, Inc., Series 2005-2, Class 1A1, 4.78%, 05/25/35(f)		356,244
	295,232	Citigroup Mortgage Loan Trust, Inc., Series 2006-AR3, Class 1A2A, 4.50%, 06/25/36(f)		284,753
	4,372,097	Citigroup Mortgage Loan Trust, Inc., Series 2007-9, Class 1A1, 5.75%, 04/25/47(g)		3,508,245
	575,632	Countrywide Alternative Loan Trust, Series 2004-36CB, Class 1A1, 6.00%, 02/25/35		544,074
	1,268,769	Countrywide Alternative Loan Trust, Series 2005-31, Class 2A1, (1 mo. LIBOR US + 0.300%), 2.78%, 08/25/35(h)		1,220,452
	8,210,030	Countrywide Alternative Loan Trust, Series 2005-53T2, Class 2A7, (1 mo. LIBOR US + 5.500%), 3.02%, 11/25/35(h)		1,287,830
	917,649	Countrywide Alternative Loan Trust, Series 2005-63, Class 5A1, 4.10%, 12/25/35(f)		834,724
	121,438	Countrywide Alternative Loan Trust, Series 2005-69, Class A1, (12 mo. Federal Reserve Cumulative Average US + 1.000%), 3.45%, 12/25/35(h)		116,097
	1,853,230	Countrywide Alternative Loan Trust, Series 2005-9CB, Class 1A3, (1 mo. LIBOR US + 0.450%), 2.93%, 05/25/35(h)		1,720,457
	1,057,955	Countrywide Alternative Loan Trust, Series 2005-J14, Class A3, 5.50%, 12/25/35		912,555
	3,757,676	Countrywide Alternative Loan Trust, Series 2006-12CB, Class A10, (1 mo. LIBOR US + 0.350%), 2.83%, 05/25/36(h)		2,335,003
	2,235,851	Countrywide Alternative Loan Trust, Series 2006-15CB, Class A1, 6.50%, 06/25/36		1,680,411

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	4,541,178	Countrywide Alternative Loan Trust, Series 2006-20CB, Class A9, 6.00%, 07/25/36	$	3,302,775
	1,531,936	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A13, (1 mo. LIBOR US + 0.350%), 2.83%, 08/01/36(h)		983,796
	1,531,936	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A14, (1 mo. LIBOR US + 7.150%), 4.67%, 08/01/36(h)		346,189
	1,579,212	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A15, 5.75%, 08/01/36		1,298,707
	1,606,693	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A4, (1 mo. LIBOR US + 0.400%), 2.88%, 03/25/36(h)		861,812
	4,513,070	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A6, 5.50%, 03/25/36		3,304,078
	1,756,672	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A10, 6.00%, 01/25/37		1,448,450
	1,271,994	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A4, 5.75%, 01/25/37		1,099,402
	1,611,080	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A2, 6.00%, 02/25/37		1,326,605
	3,683,863	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A5, 6.00%, 02/25/37		3,033,388
	226,908	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A10, 5.50%, 05/25/36		210,092
	643,760	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A2, (1 mo. LIBOR US + 0.400%), 2.88%, 05/25/36(h)		548,421
	3,988,588	Countrywide Alternative Loan Trust, Series 2006-7CB, Class 2A1, 6.50%, 05/25/36		2,740,339
	3,358,937	Countrywide Alternative Loan Trust, Series 2006-J7, Class 2A1, (Cost of Funds for the 11th District of San Franciso + 1.500%), 2.67%, 11/20/46(h)		2,337,852
	6,729,643	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 1A1, (12 mo. Federal Reserve Cumulative Average US + 1.730%), 4.18%, 11/25/46(h)		5,851,755

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	3,459,250	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 2A1, (1 mo. LIBOR US + 0.190%), 2.67%, 11/25/46(h)	$	3,042,317
	4,497,178	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 3A1, (12 mo. Federal Reserve Cumulative Average US + 0.850%), 3.30%, 11/25/46(h)		4,011,606
	5,078,890	Countrywide Alternative Loan Trust, Series 2006-OA21, Class A1, (1 mo. LIBOR US + 0.190%), 2.68%, 03/20/47(h)		4,318,066
	1,185,268	Countrywide Alternative Loan Trust, Series 2006-OA3, Class 2A1, (1 mo. LIBOR US + 0.210%), 2.69%, 05/25/36(h)		1,043,907
	6,236,606	Countrywide Alternative Loan Trust, Series 2006-OA6, Class 1A1A, (1 mo. LIBOR US + 0.210%), 2.69%, 07/25/46(h)		5,649,391
	10,047,634	Countrywide Alternative Loan Trust, Series 2006-OA8, Class 1A1, (1 mo. LIBOR US + 0.190%), 2.67%, 07/25/46(h)		9,539,620
	5,498,588	Countrywide Alternative Loan Trust, Series 2006-OC1, Class 1A1, (1 mo. LIBOR US + 0.230%), 2.71%, 03/25/36(h)		4,686,539
	4,384,997	Countrywide Alternative Loan Trust, Series 2006-OC3, Class 1A1, (1 mo. LIBOR US + 0.180%), 2.66%, 04/25/46(h)		3,790,184
	2,563,055	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A22, 5.75%, 06/25/37		1,832,688
	2,581,622	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A5, 6.00%, 06/25/37		1,898,145
	1,309,539	Countrywide Alternative Loan Trust, Series 2007-19, Class 1A34, 6.00%, 08/25/37		1,018,943
	5,153,888	Countrywide Alternative Loan Trust, Series 2007-22, Class 2A16, 6.50%, 09/25/37		3,462,220
	4,834,462	Countrywide Alternative Loan Trust, Series 2007-25, Class 1A3, 6.50%, 11/25/37		3,507,210
	1,245,977	Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A8, 6.00%, 05/25/37		863,304
	774,453	Countrywide Alternative Loan Trust, Series 2007-J1, Class 3A4, STEP, 4.43%, 11/25/36		808,857

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	11,824,130	Countrywide Alternative Loan Trust, Series 2007-OA2, Class 1A1, (12 mo. Federal Reserve Cumulative Average US + 0.840%), 3.29%, 03/25/47(h)	$	9,930,309
	881,796	Countrywide Alternative Loan Trust, Series 2007-OA3, Class 1A2, (1 mo. LIBOR US + 0.180%), 2.66%, 04/25/47(h)		324,250
	2,601,020	Countrywide Alternative Loan Trust, Series 2007-OH2, Class A2A, (1 mo. LIBOR US + 0.240%), 2.72%, 08/25/47(h)		1,994,778
	2,022,393	Countrywide Alternative Loan Trust, Series 2008-1R, Class 2A3, 6.00%, 08/25/37		1,566,888
	1,745,988	Countrywide Alternative Resecuritization, Series 2006-22R, Class 2A1, 6.25%, 05/25/36		1,328,761
	2,078,088	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-31, Class 2A3, 3.87%, 01/25/36(f)		1,973,528
	564,742	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-J3, Class 2A4, 4.50%, 09/25/35		541,950
	472,119	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-HYB1, Class 2A1, 3.86%, 03/20/36(f)		468,064
	12,139,423	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA4, Class A1, (12 mo. Federal Reserve Cumulative Average US + 0.960%), 3.41%, 04/25/46(h)		6,063,582
	3,627,128	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA5, Class 3A1, (1 mo. LIBOR US + 0.200%), 2.68%, 04/25/46(h)		3,376,522
	1,022,992	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-R2, Class AF1, (1 mo. LIBOR US + 0.420%), 2.90%, 07/25/36(g),(h)		985,774
	2,363,382	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-21, Class 1A1, 6.25%, 02/25/38		1,885,968
	10,984,949	Credit Suisse Mortgage Capital Certificates, Series 19-RPL4, Class A1, 3.83%, 08/02/58(g)		10,984,853

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	44,749	Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21	$	42,646
	2,880,954	Credit Suisse Mortgage Capital Certificates, Series 2006-9, Class 3A1, 6.00%, 11/25/36		2,471,307
	7,025,598	Credit Suisse Mortgage Capital Certificates, Series 2009-12R, Class 3A1, 6.50%, 10/27/37(g)		4,024,125
	30,000,000	Credit Suisse Mortgage Capital Certificates, Series 2019-JR1, Class A1, 0.00%, 09/27/66		29,998,950
	10,293,115	Credit Suisse Mortgage Capital Certificates, Series 2019-JR1, Class B3, 0.00%, 09/27/66		8,421,636
	4,552,831	Credit Suisse Mortgage Capital Certificates, Series 2019-JR1, Class PT2, 0.00%, 09/27/66		2,016,904
	14,012,900	Credit Suisse Mortgage Trust Mortgage-Backed Trust, 0.00%, 02/01/47(c)		13,662,577
	3,049,236	Credit Suisse Mortgage Trust Mortgage-Backed Trust, Series 2007-3, Class 1A1A, 5.84%, 04/25/37(f)		1,333,091
	4,077,595	Credit Suisse Mortgage Trust, Series 2014-2R, Class 17A3, 5.20%, 04/27/37(a),(f),(g)		3,499,396
	7,000,000	Credit Suisse Mortgage Trust, Series 2015-4R, Class 1A4, (1 mo. LIBOR US + 0.150%), 2.64%, 10/27/36(g),(h)		4,994,254
	1,025,168	Credit Suisse Mortgage Trust, Series 2015-6R, Class 5A1, (1 mo. LIBOR US + 0.180%), 2.85%, 03/27/36(g),(h)		1,013,462
	12,047,482	Credit Suisse Mortgage Trust, Series 2015-6R, Class 5A2, (1 mo. LIBOR US + 0.180%), 2.85%, 03/27/36(g),(h)		9,295,374
	6,700,385	Credit Suisse Mortgage-Backed Pass-Through Certificates, Series 2005-10, Class 10A1, (1 mo. LIBOR US + 1.350%), 3.83%, 11/25/35(h)		2,295,360
	666,151	GMACM Mortgage Corp. Loan Trust, Series 2005-AR6, Class 2A1, 4.10%, 11/19/35(f)		638,935
	4,795,646	GSMPS Mortgage Loan Trust, Series 2005-RP1, Class 1AF, (1 mo. LIBOR US + 0.350%), 2.83%, 01/25/35(g),(h)		4,468,111
	1,765,849	GSMPS Mortgage Loan Trust, Series 2006-RP1, Class 1AF1, (1 mo. LIBOR US + 0.350%), 2.83%, 01/25/36(g),(h)		1,554,677

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	528,202	GSR Mortgage Loan Trust, Series 2005-AR1, Class 2A1, 4.67%, 01/25/35(f)	$	539,096
	114,579	GSR Mortgage Loan Trust, Series 2006-4F, Class 1A1, 5.00%, 05/25/36		248,099
	4,563,031	GSR Mortgage Loan Trust, Series 2006-5F, Class 2A5, 6.00%, 06/01/36		4,872,585
	304,207	GSR Mortgage Loan Trust, Series 2006-9F, Class 9A1, 6.00%, 08/25/21		293,800
	795,124	GSR Mortgage Loan Trust, Series 2006-AR1, Class 3A1, 4.65%, 01/25/36(f)		784,106
	5,585,064	GSR Mortgage Loan Trust, Series 2007-1F, Class 2A4, 5.50%, 01/01/37		6,056,102
	933,907	GSR Mortgage Loan Trust, Series 2007-4F, Class 3A1, 6.00%, 07/25/37		822,300
	5,792,228	HarborView Mortgage Loan Trust, Series 2007-3, Class 2A1B, (1 mo. LIBOR US + 0.230%), 2.72%, 05/19/47(h)		4,671,522
	3,181,237	HarborView Mortgage Loan Trust, Series 2007-4, Class 2A2, (1 mo. LIBOR US + 0.250%), 2.74%, 07/19/47(h)		2,844,387
	985,112	Homebanc Mortgage Trust, Series 2006-1, Class 2A1, 4.04%, 04/25/37(f)		880,368
	34,498,948	IndyMac IMSC Mortgage Loan Trust, Series 2007-HOA1, Class AXPP, 1.09%, 07/25/47(f)		1,021,962
	4,403,170	IndyMac INDX Mortgage Loan Trust, Series 2006-AR33, Class 2A21, 4.34%, 01/25/37(f)		4,160,809
	3,311,484	IndyMac INDX Mortgage Loan Trust, Series 2007-FLX3, Class A2, (1 mo. LIBOR US + 0.270%), 2.75%, 06/25/37(h)		3,134,798
	7,689,685	JP Morgan Mortgage Trust, Series 2007-S3, Class 1A10, 6.25%, 08/25/37		4,643,646
	1,167,161	JPMorgan Alternative Loan Trust, Series 2007-A1, Class 1A3A, (1 mo. LIBOR US + 0.150%), 2.63%, 03/25/37(h)		1,586,180
	2,537,466	JPMorgan Mortgage Trust, Series 2007-A5, Class 2A1, 2.59%, 10/25/37(f)		1,943,395
	149,760	JPMorgan Mortgage Trust, Series 2007-S2, Class 2A3, 5.50%, 06/25/37		156,001

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	3,730,096	Lehman XS Trust, Series 2007-20N, Class A1, (1 mo. LIBOR US + 1.150%), 3.63%, 12/25/37(h)	$	3,458,528
	14,777,311	LSTAR Securities Investment Trust, Series 2019-1, Class A1, (1 mo. LIBOR US + 1.700%), 4.19%, 03/01/24(g),(h)		14,777,311
	6,117,806	MASTR Asset Securitization Trust, Series 2007-1, Class 1A4, 6.50%, 11/25/37		3,660,781
	7,790,054	MASTR Asset Securitization Trust, Series 2007-2, Class A2, 6.25%, 01/25/38		6,435,829
	3,518,040	MASTR Reperforming Loan Trust, Series 2005-2, Class 1A3, 7.50%, 05/25/35(g)		3,540,121
	2,081,831	MASTR Resecuritization Trust, Series 2008-3, Class A1, 2.92%, 08/25/37(f),(g)		1,444,913
	14,322,970	MCM Trust 2018-Npl2, 4.00%, 10/25/28		14,172,579
	13,875,701	MCM Trust 2018-Npl2, 0.00%, 10/25/28		3,954,575
	2,571,245	MCM_18-NPl1, 4.00%, 06/01/57(c),(g)		2,531,391
	3,410,000	MCM_18-NPl1, 0.00%, 06/01/58(c),(g)		545,600
	3,924,139	Merrill Lynch Alternative Note Asset Trust, Series 2007-OAR2, Class A2, (1 mo. LIBOR US + 0.210%), 2.69%, 04/25/37(h)		3,381,995
	2,126,620	Merrill Lynch Mortgage Investors Trust, Series 2006-A3, Class 3A1, 4.52%, 05/25/36(f)		1,942,863
	781,856	Merrill Lynch Mortgage Investors, Inc., Series 2006-AF2, Class AF1, 6.25%, 10/25/36		671,210
	6,671,684	Morgan Stanley Re-REMIC Trust, Series 2010-R5, Class 7B, STEP, 3.45%, 05/26/37(g)		5,617,612
	2,317,537	Morgan Stanley Resecuritization Trust, Series 2015-R6, Class 3A, (1 mo. LIBOR US + 0.160%), 2.65%, 07/26/45(a),(g),(h)		2,179,427
	9,863,263	New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25%, 12/01/57(f),(g)		10,104,879
	9,882,827	New Residential Mortgage Loan Trust, Series 2019-RPL1, Class A1, 4.33%, 02/26/24(g)		9,962,714
	4,840,121	Prime Mortgage Trust, Series 2006-DR1, Class 2A1, 5.50%, 05/25/35(g)		4,061,644

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,114,448	Prime Mortgage Trust, Series 2006-DR1, Class 2A2, 6.00%, 05/25/35(g)	$	1,701,393
	922,785	Residential Accredit Loans, Inc., Series 2006-QS15, Class A1, 6.50%, 10/25/36		865,017
	160,666	Residential Funding Mortgage Securities I, Series 2006-S11, Class A2, 6.00%, 11/25/36		160,749
	3,831,656	Residential Funding Mortgage Securities I, Series 2006-SA2, Class 2A1, 5.01%, 08/25/36(f)		3,138,004
	11,261,598	Seasoned Credit Risk Transfer Trust, Series 2017-3, Class B, 0.00%, 07/25/56(g),(l)		933,416
	19,226,963	Seasoned Credit Risk Transfer Trust, Series 2017-3, Class BIO, 1.24%, 07/25/56(f),(g)		2,228,598
	4,895,450	Seasoned Credit Risk Transfer Trust, Series 2018-2, Class BX, 3.43%, 11/25/57(f)		2,001,348
	9,213,820	Seasoned Credit Risk Transfer Trust, Series 2018-3, Class BX, 2.13%, 08/25/57(f),(g)		2,905,098
	2,286,842	Structured Adjustable Rate Mortgage Loan Trust, Series 2005-11, Class 1A1, 4.13%, 05/25/35(f)		2,011,649
	3,442,666	Structured Adjustable Rate Mortgage Loan Trust, Series 2006-3, Class 4A, 4.13%, 04/25/36(f)		2,877,105
	4,322,638	Structured Asset Mortgage Investments II Trust, Series 2006-AR5, Class 4A1, (1 mo. LIBOR US + 0.220%), 2.70%, 05/25/46(h)		2,430,247
	2,570,923	Structured Asset Mortgage Investments II Trust, Series 2007-AR4, Class GA4B, (1 mo. LIBOR US + 0.180%), 2.66%, 09/25/47(h)		2,434,307
	4,024,152	Structured Asset Securities Corp., Series 2005-RF3, Class 1A, (1 mo. LIBOR US + 0.350%), 2.83%, 06/25/35(g),(h)		3,625,048
	1,235,130	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 3A3, 4.71%, 04/25/37(f)		1,036,959
	430,146	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 4A1, 4.87%, 04/25/37(f)		350,791
	1,020,080	Thornburg Mortgage Securities Trust, Series 2007-3, Class 4A1, (12 mo. LIBOR US + 1.250%), 3.99%, 06/25/47(h)		857,373

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,354,889	Voyager STICS Delaware Trust, Series 2009-1, Class CAA1, (1 mo. LIBOR US + 0.320%), 0.61%, 04/26/37(g),(h)	$	2,303,432
	1,409,659	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2005-10, Class 2A6, 5.50%, 11/25/35		1,328,604
	4,628,721	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2006-5, Class 3A3, STEP, 6.22%, 07/25/36		1,954,211
	6,742,686	Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2006-1, Class 4CB, 6.50%, 02/01/36		5,878,727
	1,338,678	Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-HY7, Class 2A2, 3.58%, 07/25/37(f)		1,208,118
	3,325,402	Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-OA4, Class 1A, (12 mo. Federal Reserve Cumulative Average US + 0.770%), 3.22%, 05/25/47(h)		3,105,499
	1,859,271	Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR6, Class 2A, (12 mo. Federal Reserve Cumulative Average US + 0.960%), 3.41%, 08/25/46(h)		1,372,343
	11,351,597	Wells Fargo Alternative Loan Trust, Series 2007-PA1, Class A2, (1 mo. LIBOR US + 6.680%), 4.20%, 03/25/37(h)		1,250,894
	346,366	Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR8, Class 2A3, 4.73%, 04/25/36(f)		346,033
	3,487,645	Wells Fargo Mortgage Backed Securities Trust, Series 2008-AR1, Class A2, 4.77%, 03/25/38(f)		3,029,176
				484,111,361
COMMERCIAL MORTGAGE-BACKED SECURITIES — 1.3%
	7,839,238	Bayview Commercial Asset Trust 2006-1A, Class A1, (1 mo. LIBOR US + 0.270%), 2.75%, 04/25/36(g),(h)		7,552,260
	1,538,214	Bayview Commercial Asset Trust, Series 2005-4A, Class M2, (1 mo. LIBOR US + 0.470%), 2.95%, 01/25/36(g),(h)		1,453,711

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
$	1,312,234	Bayview Commercial Asset Trust, Series 2005-4A, Class M3, (1 mo. LIBOR US + 0.500%), 2.98%, 01/25/36(g),(h)	$	1,238,625
	2,023,283	Bayview Commercial Asset Trust, Series 2006-2A, Class B1, (1 mo. LIBOR US + 0.870%), 3.35%, 07/25/36(g),(h)		1,985,917
	10,359,361	Bayview Commercial Asset Trust, Series 2007-4A, Class A1, (1 mo. LIBOR US + 0.450%), 2.93%, 09/25/37(g),(h)		9,811,051
	7,628,500	Bayview Commercial Asset Trust, Series 2007-5A, Class A4, (1 mo. LIBOR US + 1.500%), 3.98%, 10/25/37(g),(h)		5,051,739
	10,127,000	Bayview Commercial Asset Trust, Series 2007-6A, Class A4A, (1 mo. LIBOR US + 1.500%), 3.98%, 12/25/37(g),(h)		8,593,984
	4,302,000	Lehman Brothers Small Balance Commercial Mortgage Trust, Series 2006-3A, Class M1, (1 mo. LIBOR US + 0.290%), 2.77%, 12/25/36(a),(g),(h)		4,178,784
	3,881,000	Velocity Commercial Capital Loan Trust, Series 2016-1, Class M5, 8.85%, 04/25/46(a),(f),(g)		4,249,816
	3,055,000	Velocity Commercial Capital Loan Trust, Series 2017-1, Class M6, 7.95%, 05/25/47(a),(f),(g)		2,796,455
	3,997,657	Velocity Commercial Capital Loan Trust, Series 2018-2, Class M4, 5.32%, 10/26/48(f),(g)		4,096,832
	980,459	Velocity Commercial Capital Loan Trust, Series 2018-2, Class M5, 6.36%, 10/26/48(f),(g)		1,011,765
	1,889,129	Velocity Commercial Capital Loan Trust, Series 2019-1, Class M2, 4.01%, 03/25/49(f),(g)		1,899,509
	2,803,865	Velocity Commercial Capital Loan Trust, Series 2019-1, Class M3, 4.12%, 03/25/49(f),(g)		2,820,088
	3,081,268	Velocity Commercial Capital Loan Trust, Series 2019-1, Class M4, 4.61%, 03/25/49(f),(g)		3,093,813
	1,590,845	Velocity Commercial Capital Loan Trust, Series 2019-1, Class M5, 5.70%, 03/25/49(f),(g)		1,597,395

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
$	3,827,971	Velocity Commercial Capital Loan Trust, Series 2019-1, Class M6, 6.79%, 03/25/49(f),(g)	$	3,829,359
				65,261,103
Total Non-Agency Mortgage-Backed Securities (Cost $549,261,863)				549,372,464

U.S. GOVERNMENT SPONSORED AGENCY MORTGAGE-BACKED SECURITIES — 0.4%

COLLATERALIZED MORTGAGE OBLIGATIONS — 0.4%
	6,138,160	Fannie Mae Connecticut Avenue Securities, Series 2017-C01, Class 1B1, 8.23%, 07/25/29(h)		7,279,275
	4,750,000	Freddie Mac Structured Agency Credit Risk Program, Series 2017-DNA1, Class B1, 7.43%, 07/25/29(h)		5,366,074
	1,372,652	Freddie Mac Structured Agency Credit Risk Program, Series 2017-DNA1, Class B2, 12.48%, 07/25/29(h)		1,480,206
	3,000,000	Freddie Mac Structured Agency Credit Risk Program, Series 2018-DNA1, Class B1, 5.63%, 07/25/30(h)		2,949,987
	2,000,000	Freddie Mac Structured Agency Credit Risk Program, Series 2018-SPI2, Class M2, 3.82%, 05/25/48(f),(g)		1,877,053

Total U.S. Government Sponsored Agency Mortgage-Backed Securities
(Cost $17,187,688)				18,952,595
U.S. GOVERNMENT AGENCIES — 43.2%

Federal Home Loan Bank — 43.2%
	135,000,000	2.37%, 05/23/07(m)		134,801,175
	156,000,000	2.37%, 05/13/15(m)		155,874,680
	12,000,000	2.40%, 05/14/15(m)		11,989,557
	110,600,000	2.39%, 05/15/15(m)		110,496,343
	3,700,000	2.40%, 05/20/15(m)		3,695,294
	178,800,000	2.38%, 05/21/15(m)		178,560,606
	152,700,000	2.38%, 05/22/15(m)		152,485,330
	189,600,000	2.39%, 06/05/15(m)		189,155,756
	100,000,000	2.40%, 07/09/15(m)		99,538,083
	67,000,000	2.30%, 05/01/19(m)		67,000,000
	149,000,000	2.41%, 05/03/19(m)		148,980,050
	108,900,000	2.35%, 05/06/19(m)		108,863,549
	25,000,000	2.39%, 05/06/19(m)		24,991,632
	154,100,000	2.35%, 05/08/19(m)		154,027,787

Principal Amount			Value
Federal Home Loan Bank (continued)
$	213,000,000	2.35%, 05/10/19(m)	$	212,871,667
	60,000,000	2.34%, 05/16/19(m)		59,939,750
	197,200,000	2.40%, 05/17/19(m)		196,988,777
	59,000,000	2.38%, 05/29/19(m)		58,889,408
	1,000,000	2.55%, 05/30/19(m)		998,059
	95,985,000	2.38%, 06/06/19(m)		95,753,676
	15,000,000	2.41%, 06/07/19(m)		14,962,846
	40,000,000	2.41%, 06/13/19(m)		39,884,856
	11,000,000	2.41%, 06/14/19(m)		10,967,599

Total U.S. Government Agencies (Cost $2,231,755,364)				2,231,716,480
U.S. GOVERNMENT SECURITIES — 12.0%

U.S. Treasury Bills — 12.0%
	127,000,000	2.47%, 05/02/19(m)		126,991,621
	160,000,000	2.39%, 05/07/19(m)		159,936,778
	139,000,000	2.37%, 05/09/19(m)		138,926,634
	68,000,000	2.51%, 05/14/19(m)		67,941,459
	34,800,000	2.38%, 05/23/19(m)		34,749,571
	75,000,000	2.39%, 06/11/19(m)		74,796,751
	10,000,000	2.47%, 08/08/19(m)		9,934,619
	10,000,000	2.47%, 11/07/19(m)		9,875,181

Total U.S. Government Securities (Cost $623,145,408)				623,152,614

Shares
CASH SWEEP — 5.7%
UNITED STATES — 5.7%
	295,258,969	Citibank - US Dollars on Deposit in Custody Account, 0.12%(n)		295,258,969
Total Cash Sweep (Cost $295,258,969)				295,258,969
TOTAL INVESTMENTS — 93.4% (Cost $4,907,345,163)				4,829,257,220
OTHER ASSETS IN EXCESS OF LIABILITIES — 6.6%				342,539,156
NET ASSETS — 100.0%			$	5,171,796,376

(a)	This security is considered either fully or partially illiquid.
(b)	Variable rate security. Rate shown is the rate in effect as of April 30, 2019.
(c)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. The aggregate value of fair valued securities is $71,807,740, which is 1.39% of net assets.
(d)	Security offered and sold outside of the United States, and thus is exempt from registration under Regulation S of the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund’s Board of Directors except those also included in footnote (c) above.

(e)	Investment in non-U.S. Dollars. Principal amount reflects local currency.
(f)	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of April 30, 2019.
(g)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The aggregate value is $721,358,731, which is 13.9% of net assets. These securities have been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors.
(h)	Floating rate security. Rate shown is the rate in effect as of April 30, 2019.
(i)	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of April 30, 2019.
(j)	Principal amount denoted in Euros.
(k)	Principal amount denoted in British Pounds.
(l)	Zero coupon bond. The rate represents the yield at time of purchase.
(m)	The rate represents the annualized yield at time of purchase. (n) The rate shown represents the current yield as of April 30, 2019.

Contracts				Value
CALL OPTIONS WRITTEN — (0.1)%
	(50,000	)	VanEck Vectors Gold Miners ETF, Strike $27.00, Expires 09/20/19, (Notional amount $135,000,000)	$	(600,000	)
Total Call Options Written (Premiums received $(2,573,026))				$	(600,000	)

PUT OPTIONS WRITTEN — (0.1)%
	(2,000	)	S&P 500 Index, Strike $2,600.00, Expires 05/24/19, (Notional amount $520,000,000)	$	(400,000	)
	(75,000	)	iShares MSCI EAFE ETF, Strike $64.00, Expires 05/10/19, (Notional amount $480,000,000)		(2,475,000	)
Total Put Options Written (Premiums received $(5,288,846))				$	(2,875,000	)

The following table represents the individual long positions and related values of Indices underlying the Commodity Swap with Macquarie Bank Limited, as of period end, termination date 02/18/20:

The following abbreviations are used in the report:

AUD — Australian Dollar

BRL — Brazil Real

CHF — Swiss Franc

CLO — Collateralized Loan Obligation

ETF — Exchange Traded Fund

EUR — Euro

EURIBOR — Euro Interbank Offered Rate

HKD — Hong Kong Dollar

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

PIK — Pay-in-Kind

REIT — Real Estate Investment Trust

STEP — Step Coupon Bond

USD — U.S. Dollar

Portfolio Diversification by Sector (Unaudited)

	Percentage
Sector	of Net Assets
Asset-Backed Securities		14.2	%
Banks		0.1
Collateralized Mortgage Obligations		9.7
Commercial Mortgage-Backed Securities		1.3
Consumer Discretionary		0.8
Consumer Staples		0.2
Diversified Financials		1.0
Energy		0.4
Government Bonds		2.6
Health Care		0.2
Industrials		0.4
Materials		0.3
Real Estate		0.4
Telecommunication Services		0.5
U.S. Government Agencies and Securities		55.2
Utilities		0.1
Other*		12.6
		100.0	%

Includes cash and equivalents, closed-end funds, options, exchange traded funds, rights/warrants, structured options, futures, swap agreements, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
CORPORATE BONDS — 18.2%
Banks — 5.1%
$	1,750,000	Banco Santander Chile, 2.50%, 12/15/20(a)	$	1,733,638
	2,800,000	Banco Santander SA, 3.85%, 04/12/23		2,853,833
	6,000,000	Bank of America Corp., 3.37%, 01/23/26(b)		6,005,082
	2,000,000	Bank of Montreal, 3.10%, 04/13/21		2,017,750
	5,000,000	BNP Paribas SA, 2.95%, 05/23/22(a)		4,977,288
	3,080,000	Capital One Financial Corp., 3.75%, 03/09/27		3,053,914
	2,000,000	Capital One NA, 1.85%, 09/13/19		1,993,531
	5,785,000	Citigroup, Inc., 3.67%, 07/24/28(b)		5,800,855
	2,625,000	JPMorgan Chase & Co., 3.51%, 06/18/22(b)		2,661,100
	3,030,000	JPMorgan Chase & Co., 3.20%, 06/15/26		3,010,720
	5,885,000	JPMorgan Chase & Co., 4.20%, 07/23/29(b)		6,139,130
	2,980,000	KeyCorp. MTN, 2.90%, 09/15/20		2,989,233
	5,000,000	Mizuho Financial Group, Inc., 3.92%, 09/11/24(b)		5,149,637
	4,400,000	Morgan Stanley, 3.88%, 04/29/24		4,551,358
	4,500,000	Royal Bank of Canada, 3.35%, 10/22/21(a)		4,577,715
	2,200,000	Sumitomo Mitsui Banking Corp., 2.45%, 01/16/20		2,196,095
	2,000,000	Svenska Handelsbanken AB, 1.88%, 09/07/21		1,962,354
				61,673,233
Communication Services — 2.4%
	3,200,000	Alibaba Group Holding Ltd., 2.50%, 11/28/19		3,196,709
	2,600,000	Alibaba Group Holding Ltd., 3.40%, 12/06/27		2,545,629
	2,160,000	Amazon.com, Inc., 2.60%, 12/05/19		2,159,782
	5,720,000	Comcast Corp., 4.15%, 10/15/28		6,054,399
	6,000,000	Omnicom Group, Inc., 3.65%, 11/01/24		6,128,454
	5,930,000	Verizon Communications, Inc., 4.13%, 03/16/27		6,254,012
	2,215,000	Warner Media LLC, 2.10%, 06/01/19		2,213,162
				28,552,147

Principal Amount			Value
Consumer Discretionary — 0.7%
$	2,460,000	Carnival Corp., 3.95%, 10/15/20	$	2,501,185
	1,697,000	Ford Motor Credit Co. LLC, 2.02%, 05/03/19		1,696,966
	3,890,000	Walmart, Inc., 3.40%, 06/26/23		3,996,725
				8,194,876
Consumer Staples — 2.2%
	5,000,000	Anheuser-Busch Cos LLC / Worldwide, Inc., 3.65%, 02/01/26(a)		5,016,366
	5,870,000	Costco Wholesale Corp., 2.15%, 05/18/21		5,832,978
	5,000,000	Diageo Capital PLC, 2.63%, 04/29/23		4,989,569
	4,000,000	Marriott International, Inc./MD, 3.60%, 04/15/24		4,080,641
	6,000,000	Tyson Foods, Inc., 2.25%, 08/23/21		5,934,570
				25,854,124
Diversified Financials — 2.0%
	3,950,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.50%, 05/15/21		4,040,122
	1,760,000	American Express Co., 3.70%, 08/03/23		1,809,027
	5,555,000	General Motors Financial Co., Inc., 3.55%, 07/08/22		5,581,746
	3,070,000	Goldman Sachs Group, Inc. (The), (3 mo. LIBOR US + 0.780%), 3.36%, 10/31/22(c)		3,071,618
	3,065,000	Goldman Sachs Group, Inc. (The), (3 mo. LIBOR US + 1.000%), 3.58%, 07/24/23(c)		3,073,736
	2,470,000	National Rural Utilities Cooperative Finance Corp. MTN, 2.90%, 03/15/21		2,484,355
	3,900,000	Toronto-Dominion Bank (The), (3 mo. LIBOR US + 0.440%), 3.04%, 07/02/19(c)		3,902,916
				23,963,520
Energy — 0.6%
	3,000,000	Energy Transfer Operating LP, 4.50%, 04/15/24		3,132,934
	3,170,000	Sabine Pass Liquefaction LLC, 5.88%, 06/30/26		3,530,949

Principal Amount			Value
Energy (continued)
$	500,000	Saudi Arabian Oil Co., 2.88%, 04/16/24(a)	$	492,408
				7,156,291
Health Care — 2.0%
	5,010,000	AbbVie, Inc., 2.50%, 05/14/20		4,993,786
	4,000,000	Amgen, Inc., 2.20%, 05/22/19		3,999,176
	5,000,000	Celgene Corp., 2.88%, 08/15/20		5,004,500
	5,000,000	Cigna Corp., 3.75%, 07/15/23(a)		5,089,248
	5,000,000	Kaiser Foundation Hospitals, 3.15%, 05/01/27		4,989,021
				24,075,731
Industrials — 1.7%
	6,115,000	Caterpillar Financial Services Corp. MTN, 1.35%, 05/18/19		6,110,765
	1,700,000	Honeywell International Inc, 1.40%, 10/30/19		1,690,278
	6,185,000	Northrop Grumman Corp., 2.55%, 10/15/22		6,121,886
	3,000,000	Penske Truck Leasing Co., LP / PTL Finance Corp., 2.70%, 03/14/23(a)		2,935,885
	3,725,000	Roper Technologies, Inc., 2.80%, 12/15/21		3,714,959
				20,573,773
Information Technology — 0.3%
	4,000,000	CA, Inc., 5.38%, 12/01/19		4,049,775
Insurance — 0.5%
	693,000	American International Group, Inc., 2.30%, 07/16/19		692,473
	5,000,000	Metropolitan Life Global Funding I, 2.40%, 01/08/21(a)		4,982,310
				5,674,783
Materials — 0.4%
	5,000,000	DowDuPont, Inc., 4.21%, 11/15/23		5,241,039
Utilities — 0.3%
	2,390,000	Berkshire Hathaway Energy Co., 2.38%, 01/15/21		2,382,650

Principal Amount			Value
Utilities (continued)
$	1,500,000	Duke Energy Corp., 3.55%, 09/15/21	$	1,522,186
				3,904,836
Total Corporate Bonds (Cost $217,391,873)				218,914,128

ASSET-BACKED SECURITIES — 6.2%
CANADA — 1.2%
Other Asset-Backed Securities — 1.2%
	3,900,000	Canadian Pacer Auto Receivables Trust, Series 2018-1A, Class A3, 3.00%, 11/19/21(a)		3,910,799
	3,000,000	Evergreen Credit Card Trust, Series 2018-1, Class A, 2.95%, 03/15/23(a)		3,017,845
	4,750,000	Golden Credit Card Trust Series 2017-2A, Class A, 1.98%, 04/15/22(a)		4,720,555
	3,000,000	Master Credit Card Trust II, Series 2017-1A, Class A, 2.26%, 07/21/21(a)		2,989,855
	70,818	Securitized Term Auto Receivables Trust Series 2016-1A, Class A3, 1.52%, 03/25/20(a)		70,762
				14,709,816
CAYMAN ISLANDS — 2.0%
Collateralized Loan Obligations — 1.6%
	3,000,000	Apex Credit CLO Ltd., Series 2017-1A, Class A1, (3 mo. LIBOR US + 1.470%), 4.05%, 04/24/29(a)(c)		3,002,092
	4,394,736	Black Diamond CLO Ltd., Series 2014-1A, Class A1R, (3 mo. LIBOR US + 1.150%), 3.74%, 10/17/26(a)(c)		4,394,731
	4,000,000	Crestline Denali CLO XV Ltd., Series 2017-1A, Class A, (3 mo. LIBOR US + 1.300%), 3.89%, 04/20/30(a)(c)		3,996,710
	5,000,000	THL Credit Wind River CLO Ltd., Series 2017-2A, Class A, (3 mo. LIBOR US + 1.230%), 3.82%, 07/20/30(a)(c)		4,964,351
	3,000,000	Z Capital Credit Partners CLO Ltd., Series 2015-1A, Class A1R, (3 mo. LIBOR US + 0.950%), 3.55%, 07/16/27(a)(c)		2,985,821
				19,343,705

Principal Amount			Value
CAYMAN ISLANDS (continued)
Other Asset-Backed Securities — 0.4%
$	5,000,000	Black Diamond CLO Ltd., Series 2013-1A, Class A2R, (3 mo. LIBOR US + 1.450%), 4.04%, 02/06/26(a)(c)	$	4,986,016
UNITED STATES — 3.0%
Other Asset-Backed Securities — 3.0%
	1,893,838	Ally Auto Receivables Trust, Series 2017-2, Class A3, 1.78%, 08/16/21		1,886,056
	1,103,324	CarMax Auto Owner Trust Series 2017-2, Class A3, 1.93%, 03/15/22		1,098,083
	2,975,000	Chase Issuance Trust, Series 2012-A4, Class A4, 1.58%, 08/15/21		2,966,403
	2,961,662	Chesapeake Funding II LLC, Series 2017-4A, Class A1, 2.12%, 11/15/29(a)		2,935,016
	262,312	Enterprise Fleet Financing LLC Series 2016-2, Class A2, 1.74%, 02/22/22(a)		261,815
	390,145	Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13%, 07/20/22(a)		389,050
	1,500,000	Enterprise Fleet Financing LLC, Series 2017-2, Class A3, 2.22%, 01/20/23(a)		1,485,757
	1,250,000	GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class A3, 2.32%, 07/18/22		1,246,006
	2,000,000	GM Financial Consumer Automobile Series 2017-1A, Class A4, 2.06%, 05/16/23(a)		1,982,977
	5,000,000	Hertz Vehicle Financing LLC Series 2016-3A, Class A, 2.27%, 07/25/20(a)		4,992,861
	3,000,000	Sofi Professional Loan Program, Series 2018-B, Class A2FX, 3.34%, 08/25/47(a)		3,034,846
	2,000,000	Toyota Auto Receivables Owner Trust, Series 2017-A, Class A4, 2.10%, 09/15/22		1,986,618
	2,367,727	Verizon Owner Trust Series 2017-1A, Class A, 2.06%, 09/20/21(a)		2,362,743
	1,750,000	Verizon Owner Trust Series 2017-3A, Class A1A, 2.06%, 04/20/22(a)		1,740,601
	1,000,000	Volkswagen Auto Loan Enhanced Trust, Series 2018-1, Class A3, 3.02%, 11/21/22		1,008,917
	1,000,000	Wheels SPV 2 LLC, Series 2018-1A, Class A2, 3.06%, 04/20/27(a)		1,002,733

Principal Amount			Value
UNITED STATES (continued)
Other Asset-Backed Securities (continued)
$	3,100,000	World Omni Auto Receivables Trust, Series 2018-A, Class A3, 2.50%, 04/17/23	$	3,096,579
	2,150,000	World Omni Auto Receivables Trust, Series 2019-A, Class A3, 3.04%, 05/15/24		2,170,731
				35,647,792
Total Asset-Backed Securities (Cost $74,815,463)				74,687,329

COLLATERALIZED MORTGAGE OBLIGATIONS — 0.1%
	1,092,643	JPMorgan Tax Exempt Pass Through Trust, Series 2012-AMT1, Class A 3.00%, 01/27/38(a)		1,079,727
Total Collateralized Mortgage Obligations (Cost $1,112,951)				1,079,727
U.S. GOVERNMENT AGENCIES — 1.1%
Federal Home Loan Bank — 0.8%
	9,985,000	1.13%, 06/21/19(d)		9,966,049
Overseas Private Investment Corp. — 0.2%
	1,949,077	5.14%, 12/15/23		2,073,485
Small Business Administration — 0.1%
	120,931	4.11%, 03/10/20		121,939
	452,055	4.08%, 03/10/21		460,423
				582,362
Total U.S. Government Agencies (Cost $12,506,876)				12,621,896

Principal Amount			Value
U.S. GOVERNMENT SECURITIES — 72.6%
U.S. Treasury Bonds — 5.0%
$	54,061,000	3.50%, 02/15/39	$	60,212,550
U.S. Treasury Notes — 67.6%
	6,000,000	0.88%, 06/15/19		5,988,441
	41,736,000	2.38%, 04/30/20		41,722,958
	9,664,000	1.50%, 06/15/20		9,570,380
	17,376,000	1.38%, 09/15/20		17,151,334
	14,977,000	1.88%, 12/15/20		14,872,863
	7,500,000	2.63%, 05/15/21		7,550,684
	47,176,000	1.88%, 11/30/21		46,739,254
	88,806,000	1.88%, 01/31/22		87,914,471
	900,000	1.88%, 05/31/22		890,121
	166,813,000	1.75%, 01/31/23		163,782,999
	34,168,544	0.63%, 01/15/24(e)		34,538,701
	85,815,000	2.38%, 08/15/24		86,096,580
	45,372,000	2.25%, 11/15/24		45,194,766
	61,933,000	2.00%, 02/15/25		60,786,272
	38,735,000	2.25%, 11/15/25		38,420,278
	81,229,000	1.63%, 02/15/26		77,323,027
	37,328,000	2.00%, 11/15/26		36,232,948
	38,334,000	2.25%, 11/15/27		37,678,129
Total U.S. Government Securities (Cost $865,248,478)				872,666,756
GOVERNMENT BONDS — 0.2%
JAPAN — 0.2%
	3,000,000	Japan Bank For International Cooperation, 2.25%, 02/24/20		2,992,713
Total Government Bonds (Cost $2,997,705)				2,992,713

Shares
INVESTMENT COMPANY — 1.0%
	11,882,480	SEI Daily Income Trust Government II Fund, Class A, 2.25%(f)		11,882,480
Total Investment Company (Cost $11,882,480)				11,882,480
TOTAL INVESTMENTS — 99.4% (Cost $1,185,955,826)			$	1,194,845,029
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.6%				7,643,491
NET ASSETS — 100.0%			$	1,202,488,520

(a)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $90,112,521 which is 7.49% of net assets.
(b)	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of April 30, 2019.
(c)	Floating rate security. Rate shown is the rate in effect as of April 30, 2019.
(d)	The rate represents the annualized yield at time of purchase.
(e)	Inflation protected security. Principal amount reflects original security face amount.
(f)	The rate shown represents the current yield as of April 30, 2019.

The following abbreviations are used in the report:

CLO — Collateralized Loan Obligation

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
U.S. Government Agencies and Securities		73.7	%
Corporate Bonds		18.2
Asset Backed Securities		6.2
Government Bonds		0.2
Collateralized Mortgage Obligations		0.1
Other*		1.6
		100.0	%

Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
MUNICIPAL BONDS — 96.2%
Alabama — 1.1%
$	2,000,000	Alabama Federal Aid Highway Finance Authority Highway Improvements Revenue Bonds, Series A 5.00%, 09/01/22	$	2,218,600
	1,750,000	Alabama Federal Aid Highway Finance Authority Public Improvement Revenue Bonds 5.00%, 09/01/21		1,885,275
	5,000,000	Alabama Federal Aid Highway Finance Authority Revenue Bonds 5.00%, 09/01/20		5,214,050
	3,030,000	City of Huntsville School Capital Improvements Warrants Refunding GO 5.00%, 09/01/22		3,359,088
	3,660,000	City of Huntsville School Capital Improvements Warrants Refunding GO 5.00%, 09/01/26		4,254,604
	1,500,000	City of Huntsville Warrants Refunding GO, Series A 5.00%, 08/01/26		1,740,240
	7,000,000	State of Alabama Economic Improvements GO, Series A 5.00%, 11/01/31		8,665,930
	3,095,000	State of Alabama Economic Improvements GO, Series A 5.00%, 11/01/33		3,798,617
				31,136,404
Arizona — 1.1%
	875,000	Arizona Department of Transportation State Highway Fund Refunding Revenue Bonds 5.00%, 07/01/25		1,017,424
	2,390,000	Arizona School Facilities Board Advance Refunding COP, Series A 5.00%, 09/01/23		2,717,693
	150,000	Arizona State Board of Regents Advance Refunding COP, Series A 5.00%, 06/01/22		164,733
	1,715,000	Arizona State Board of Regents Advance Refunding COP, Series A 5.00%, 06/01/24		1,979,059
	2,750,000	Arizona State Board of Transportation Refunding Revenue Bonds 5.00%, 07/01/22		3,037,870

Principal Amount			Value
Arizona (continued)
$	1,000,000	Arizona Transportation Board Highway Improvements Revenue Bonds, Series A 5.00%, 07/01/31	$	1,255,670
	1,250,000	Arizona Water Infrastructure Finance Authority Refunding Revenue Bonds, Series A 5.00%, 10/01/26		1,463,238
	5,000,000	City of Phoenix Advance Refunding GO 5.00%, 07/01/25		5,957,000
	200,000	Maricopa County Community College District GO, Series C 5.00%, 07/01/20		201,129
	2,875,000	Phoenix Civic Improvement Corp. Refunding Revenue Bonds 5.00%, 07/01/20		2,987,901
	5,000,000	Salt River Project Agricultural Improvement & Power District Advance Refunding Revenue Bonds 5.00%, 01/01/21		5,280,450
	5,000,000	Salt River Project Agricultural Improvement & Power District Advance Refunding Revenue Bonds 5.00%, 01/01/22		5,441,650
				31,503,817
California — 3.7%
	5,000,000	California Infrastructure & Economic Development Bank Refunding Revenue Bonds 2.18%, 04/01/38(a)		5,005,950
	500,000	California Municipal Finance Authority California Armenian Home Project Nursing Homes Revenue Bonds 5.00%, 05/15/36		595,589
	200,000	California Municipal Finance Authority Channing House Project Advance Refunding Revenue Bonds (State Appropriation) 5.00%, 05/15/25		240,253
	325,000	California Statewide Communities Development Authority Green Bond Marin General Hospital Revenue Bonds 5.00%, 08/01/32		391,463
	5,000,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 01/01/22		5,461,450

Principal Amount			Value
California (continued)
$	5,000,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 07/01/24	$	5,875,200
	1,035,000	Los Rios Community College District 2002 Election GO, Series D 5.25%, 08/01/23(b)		1,044,667
	800,000	San Diego Regional Building Authority Advance Refunding Revenue Bonds, Series A 5.00%, 10/15/24		950,976
	750,000	State of California Current Refunding GO 5.00%, 04/01/24		867,773
	3,250,000	State of California Current Refunding GO 5.00%, 08/01/26		3,966,268
	2,000,000	State of California Current Refunding GO 5.00%, 04/01/27		2,471,560
	14,500,000	State of California Current Refunding GO 5.00%, 04/01/30		18,648,595
	1,620,000	State of California Department of Water Resources Advance Refunding Revenue Bonds 5.00%, 12/01/22		1,825,513
	1,000,000	State of California Department of Water Resources Advance Refunding Revenue Bonds 5.00%, 12/01/30		1,256,320
	2,865,000	State of California Department of Water Resources Advance Refunding Revenue Bonds, Series AX 5.00%, 12/01/21		3,129,411
	7,000,000	State of California Public Improvements GO 5.00%, 09/01/22		7,772,310
	3,000,000	State of California Public Improvements GO 5.00%, 03/01/26		3,544,710
	5,715,000	State of California Public Improvements GO 5.00%, 10/01/27		6,915,893
	4,000,000	State of California Public Improvements GO 5.00%, 10/01/35		4,695,320
	4,855,000	State of California Refunding GO 5.00%, 12/01/24		5,572,181
	8,000,000	State of California Refunding GO 5.00%, 10/01/25		9,372,240

Principal Amount			Value
California (continued)
$	7,430,000	State of California School Improvements GO 5.00%, 11/01/28	$	9,261,272
	6,000,000	State of California Water Utility Improvement Refunding GO 5.00%, 04/01/30		7,587,120
				106,452,034
Colorado — 0.4%
	500,000	Adams & Weld Counties School District No 27J Brighton Co. Refunding GO, Series A, (State Aid Withholding) 5.00%, 12/01/19		509,925
	800,000	City & County of Broomfield Advance Refunding COP 5.00%, 12/01/21		868,096
	1,525,000	City of Thornton Co. School Improvement GO COP 5.00%, 12/01/29		1,899,754
	2,060,000	Colorado Higher Education Refunding COP, Series A 5.00%, 11/01/24		2,404,164
	2,000,000	Denver City & County School District No 1 Refunding GO (State Aid Intercept Program) 5.00%, 12/01/24		2,350,280
	100,000	Denver City & County School District No 1 Refunding GO, Series C (State Aid Withholding) 5.00%, 12/01/23		114,723
	150,000	EI Paso Country School District No 20 Academy School Improvements GO (State Aid Withholding) 5.00%, 12/15/25		180,449
	1,180,000	Jefferson County School District GO, Series R-1, (State Aid Withholding) 5.00%, 12/15/22		1,320,609
	1,630,000	Western State Colorado University Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 05/15/26		1,957,125
				11,605,125
Connecticut — 3.0%
	12,885,000	Connecticut State Health & Educational Facilities Authority University & College Improvements Revenue Bonds, Series S 5.00%, 07/01/27		16,073,909

Principal Amount			Value
Connecticut (continued)
$	1,000,000	Hartford County Metropolitan District Refunding Notes GO 5.00%, 03/01/25	$	1,143,080
	325,000	Hartford County Metropolitan District Refunding Notes GO, Series C (AGM) 5.00%, 11/01/23		370,087
	5,860,000	Hartford County Metropolitan District Refunding Notes GO, Series C, (AGM) 5.00%, 11/01/25		6,990,863
	2,350,000	State of Connecticut Clean Water Fund - State Revolving Fund Refunding Revenue Bonds, Series A 5.00%, 03/01/29		2,762,425
	1,380,000	State of Connecticut Clean Water Fund - State Revolving Fund Refunding Revenue Bonds, Series A 5.00%, 05/01/31		1,668,351
	32,445,000	State of Connecticut Refunding GO, Series C 5.00%, 06/01/23		35,355,965
	3,100,000	State of Connecticut Special Tax Revenue Public Improvements Revenue Bonds, Series A 5.00%, 08/01/22		3,410,992
	1,250,000	State of Connecticut Special Tax Revenue Transportation Infrastructure Advance Refunding Revenue Bonds 5.00%, 08/01/22		1,375,400
	1,900,000	State of Connecticut Transportation Infrastructure Refunding Revenue Bonds 5.00%, 09/01/24		2,187,793
	8,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A 5.00%, 10/01/19		8,110,240
	5,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A 5.00%, 09/01/27		5,688,450
	825,000	Town of New Canaan CT Refunding GO, Series C 5.00%, 04/01/25		985,430
				86,122,985
Delaware — 1.4%
	5,010,000	State of Delaware Advance Refunding GO, Series A 5.00%, 01/01/28		6,285,145

Principal Amount			Value
Delaware (continued)
$	9,650,000	State of Delaware Public Facilities GO 5.00%, 02/01/26	$	11,668,877
	15,000,000	State of Delaware Public Facilities GO 5.00%, 02/01/28		18,845,400
	2,885,000	State of Delaware Public Improvements GO 5.00%, 03/01/24		3,335,320
				40,134,742
District Of Columbia — 0.4%
	5,000,000	District of Columbia Public Improvement Revenue Bonds, Series C 5.00%, 12/01/19		5,097,800
	3,000,000	District of Columbia Public Improvements GO, Series A 5.00%, 10/15/27		3,736,050
	1,000,000	District of Columbia Refunding Revenue Bonds, Series A 5.00%, 12/01/20		1,052,520
				9,886,370
Florida — 2.5%
	4,790,000	County of Miami-Dade Public Improvements GO 5.00%, 07/01/24		5,571,824
	3,970,000	County of Palm Beach Advance Refunding Revenue Bonds 5.00%, 11/01/26		4,631,005
	1,000,000	County of Sarasota Refunding Revenue Bonds 5.00%, 10/01/24		1,169,270
	4,620,000	Florida Department of Management Services Current Refunding Revenue Bonds, Series A 5.00%, 09/01/28		5,695,351
	1,200,000	Lee County School Board Refunding COP 5.00%, 08/01/25		1,375,344
	4,000,000	Miami-Dade County Refunding GO, Series B 5.00%, 07/01/24		4,652,880
	2,000,000	Orlando Utilities Commission Refunding Revenue Bonds, Series A 5.00%, 10/01/20		2,095,520
	3,990,000	State of Florida Advance Refunding GO, Series B 5.00%, 06/01/27		4,837,915
	20,005,000	State of Florida Current Refunding GO 5.00%, 07/01/24		23,281,019

Principal Amount			Value
Florida (continued)
$	1,750,000	State of Florida Current Refunding, Series F 5.00%, 06/01/28	$	2,118,498
	1,100,000	State of Florida Economic Defeasance GO, Series D 5.00%, 06/01/28		1,331,627
	9,800,000	State of Florida Refunding GO 5.00%, 07/01/24		10,813,026
	3,895,000	State of Florida Refunding GO, Series C 5.00%, 06/01/24		4,403,804
				71,977,083
Georgia — 2.6%
	1,295,000	Americus-Sumter Payroll Development Authority Current Refunding Revenue Bonds 5.00%, 06/01/32		1,531,441
	1,570,000	Athens Housing Authority Advance Refunding Revenue Bonds 5.00%, 06/15/27		1,911,742
	1,755,000	Athens Housing Authority Advance Refunding Revenue Bonds 5.00%, 06/15/28		2,122,795
	500,000	Barnesville-Lamar County Industrial Development Authority Current Refunding Revenue Bonds 5.00%, 06/01/26		597,909
	1,010,000	Barnesville-Lamar County Industrial Development Authority Current Refunding Revenue Bonds 5.00%, 06/01/33		1,199,496
	3,090,000	Bleckley County & Dodge County Joint Development Authority Current Refunding Revenue Bonds 5.00%, 07/01/32		3,671,507
	750,000	Cherokee County Board of Education Advance Refunding GO, (State Aid Withholding) 5.00%, 02/01/23		842,385
	260,000	Cobb County Development Authority Advance Refunding Revenue Bonds 5.00%, 07/15/21		277,503
	2,710,000	Cobb County Development Authority Advance Refunding Revenue Bonds 5.00%, 07/15/23		3,043,303

Principal Amount			Value
Georgia (continued)
$	2,100,000	Cobb County Development Authority Advance Refunding Revenue Bonds 5.00%, 07/15/24	$	2,411,220
	5,000,000	Georgia State Road & Tollway Authority Highway Improvement Revenue Bonds, Series A 5.00%, 06/01/20(b)		5,013,900
	2,000,000	Georgia State Road & Tollway Authority Refunding Revenue Bonds, Series B 5.00%, 06/01/21		2,137,540
	2,025,000	Georgia State Road & Tollway Authority Refunding Revenue Bonds, Series B, (State GTY) 5.00%, 10/01/19		2,053,674
	1,095,000	South Regional Joint Development Authority Advance Refunding Revenue Bonds 5.00%, 08/01/25		1,289,308
	1,555,000	South Regional Joint Development Authority Advance Refunding Revenue Bonds 5.00%, 08/01/26		1,866,062
	1,100,000	South Regional Joint Development Authority Advance Refunding Revenue Bonds 5.00%, 08/01/26		1,319,230
	11,295,000	State of Georgia Advance Refunding GO, Series E 5.00%, 12/01/26		13,908,437
	1,950,000	State of Georgia Public Improvements GO, Series A-2 5.00%, 02/01/25		2,245,698
	2,860,000	State of Georgia Refunding GO, Series E-2 4.00%, 09/01/19		2,882,851
	2,230,000	State of Georgia School Improvements GO, Series A-1 5.00%, 02/01/25		2,637,733
	18,020,000	State of Georgia University and College Improvements GO, Series A-1 5.00%, 02/01/24		20,788,232
				73,751,966
Hawaii — 1.1%
	10,000,000	City & County of Honolulu HI Refunding GO 5.00%, 09/01/25		11,932,800

Principal Amount			Value
Hawaii (continued)
$	1,000,000	State of Hawaii Department of Budget & Finance Queens Health System Refunding Revenue Bonds, Series A 5.00%, 07/01/21	$	1,067,260
	5,000,000	State of Hawaii Public Facilities GO, Series FT 5.00%, 01/01/30		6,162,650
	1,300,000	State of Hawaii Public Facilities GO, Series FW 5.00%, 01/01/30		1,631,266
	3,085,000	State of Hawaii Public Facilities GO, Series FW 5.00%, 01/01/32		3,822,068
	2,515,000	State of Hawaii Public Improvements GO, Series FK 5.00%, 05/01/29		3,071,368
	1,570,000	University of Hawaii Advance Refunding Revenue Bonds, Series F 5.00%, 10/01/21		1,691,738
	1,180,000	University of Hawaii Advance Refunding Revenue Bonds, Series F 5.00%, 10/01/22		1,307,523
				30,686,673
Idaho — 0.1%
	900,000	Canyon County School District No 131 Nampa Advance Refunding GO, (School Board GTY) 5.00%, 09/15/25		1,072,485
	1,500,000	Idaho Board Bank Authority Refunding Revenue Bonds, Series D 5.00%, 09/15/23		1,662,675
	740,000	Madison County School District No 321 Rexburg School Improvements GO, (School Board GTY), Series B 5.00%, 09/15/28		913,404
				3,648,564
Illinois — 1.0%
	4,540,000	Du Page Cook & Will Counties Community College District No 502 Refunding GO 5.00%, 01/01/27		5,497,758
	5,950,000	Illinois Finance Authority College Improvement Revenue Bonds 1.60%, 12/01/46(a)		5,950,000
	5,000,000	Illinois Finance Authority General Revenue Bonds 5.00%, 01/01/27		6,094,450

Principal Amount			Value
Illinois (continued)
$	1,000,000	Illinois Finance Authority Memorial Health System Current Refunding Revenue Bonds 5.00%, 04/01/29	$	1,228,490
	1,220,000	Illinois State Toll Highway Authority Current Refunding Revenue Bonds, Series A 5.00%, 01/01/21		1,286,990
	3,250,000	Metropolitan Water Reclamation District of Greater Chicago Current Refunding GO, Series A 5.00%, 12/01/24		3,759,178
	2,000,000	Metropolitan Water Reclamation District of Greater Chicago Refunding GO, Series D 5.00%, 12/01/22		2,215,240
	1,400,000	Peoria Metropolitan Airport Authority Advance Refunding GO, Series D 5.00%, 12/01/26		1,671,250
	780,000	University of Illinois College Improvement Refunding Revenue Bonds, Series A 5.00%, 04/01/21		825,981
				28,529,337
Indiana — 0.1%
	500,000	Center Grove School Building Corp. First Mortgage Refunding Revenue Bonds, Series A (State Aid Intercept Program) 5.00%, 07/15/20		519,855
	235,000	Columbus Multi-High School Building Corp. Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 07/15/22		258,806
	1,330,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 01/15/22		1,443,236
	250,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 07/15/22		274,915
	500,000	Ivy Tech Community College University & College Improvements Revenue Bonds, Series R-1 5.00%, 07/01/19		502,775
				2,999,587

Principal Amount			Value
Iowa — 1.0%
$	5,675,000	County of Polk Current Refunding GO, Series C 5.00%, 06/01/21	$	6,068,221
	4,000,000	County of Polk Current Refunding GO, Series C 5.00%, 06/01/26		4,850,880
	6,110,000	Iowa Finance Authority Advance Refunding Revenue Bonds 5.00%, 08/01/21		6,568,617
	5,000,000	Iowa Finance Authority Unity Point Health Current Refunding Revenue 1.73%, 12/01/41(a)		5,000,000
	1,800,000	Iowa Finance Authority Water Utilities Improvements Revenue Bonds 5.00%, 08/01/20		1,875,690
	3,000,000	State of Iowa Advance Refunding Revenue Bonds, Series A 5.00%, 06/01/28		3,598,620
				27,962,028
Kansas — 0.7%
	15,000,000	Johnson County Lease Purchase Revenue Bonds, Series A 5.00%, 09/01/26		18,335,400
	1,260,000	Sedgwick County Public Building Commission Technical Education Complex Refunding Revenue Bonds, Series 2 5.00%, 08/01/23		1,432,456
				19,767,856
Kentucky — 0.6%
	11,030,000	Kentucky Economic Development Finance Authority Owensboro Medical Health System Revenue Bonds, Series A 5.25%, 06/01/23(b)		11,452,118
	5,000,000	Kentucky Turnpike Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/01/24		5,720,200
				17,172,318
Louisiana — 0.1%
	250,000	Consolidated Government of The City of Baton Rouge & Parish of East Baton Rouge Advance Refunding Revenue Bonds, Series A-1 5.00%, 08/01/26		303,769

Principal Amount			Value
Louisiana (continued)
$	2,000,000	State of Louisiana Highway Improvement Revenue Bonds, Series A 5.00%, 09/01/30	$	2,468,900
				2,772,669
Maine — 0.1%
	2,250,000	Maine Governmental Facilities Authority Refunding Revenue Bonds, Series A 5.00%, 10/01/19		2,281,478
	165,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A 5.00%, 07/01/21		176,134
	5,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A 5.00%, 07/01/21(b)		5,353
				2,462,965
Maryland — 9.0%
	5,735,000	County of Anne Arundel School Improvements GO 5.00%, 04/01/27		6,763,228
	2,410,000	County of Anne Arundel School Improvements GO 5.00%, 10/01/27		3,005,607
	2,810,000	County of Anne Arundel School Improvements GO 5.00%, 04/01/28		3,306,134
	4,080,000	County of Anne Arundel School Improvements GO 5.00%, 10/01/30		5,197,757
	3,575,000	County of Baltimore Refunding GO 5.00%, 03/01/27		4,414,088
	1,200,000	County of Baltimore Refunding GO, (Special Assessment) 5.00%, 02/01/29		1,439,316
	2,730,000	County of Baltimore Refunding Notes GO 5.00%, 03/01/23		3,070,213
	3,835,000	County of Baltimore Refunding Public Notes GO 5.00%, 03/01/23		4,312,918
	8,165,000	County of Baltimore Refunding Public Notes GO 5.00%, 03/01/24		9,427,146
	5,000,000	County of Baltimore Refunding Public Notes GO 5.00%, 03/01/28		6,281,750

Principal Amount			Value
Maryland (continued)
$	2,860,000	County of Charles Public School Improvements GO 5.00%, 10/01/21	$	3,090,230
	1,500,000	County of Frederick Refunding GO, Series A 5.00%, 02/01/25		1,772,460
	3,220,000	County of Howard MD Advance Refunding Public Improvements GO, Series B 5.00%, 02/15/29		3,937,513
	5,000,000	County of Montgomery Advance Refunding GO, Series B 5.00%, 06/01/22		5,506,950
	4,500,000	County of Montgomery Advance Refunding GO, Series B 5.00%, 06/01/23		5,097,330
	6,650,000	County of Montgomery Advance Refunding GO, Series C 5.00%, 10/01/22		7,394,401
	19,000,000	County of Montgomery Advance Refunding GO, Series C 5.00%, 10/01/26		23,291,720
	1,200,000	County of Montgomery Refunding GO, Series A 5.00%, 11/01/23		1,374,300
	10,320,000	County of Montgomery Refunding Public Notes GO, Series A 5.00%, 11/01/27		12,908,359
	12,500,000	County of Prince George’s Advance Refunding Public Improvements GO, Series B 5.00%, 07/15/23		14,205,250
	3,185,000	County of Prince George’s Public School Improvement GO, Series A 5.00%, 09/15/25		3,818,751
	3,180,000	County of Prince George’s Public School Improvement GO, Series A 5.00%, 09/15/26		3,894,896
	3,110,000	County of Prince George’s Public School Improvements GO, Series A 5.00%, 07/01/24		3,622,652
	9,355,000	County of Prince George’s Public School Improvements GO, Series A 5.00%, 07/01/25		11,163,696
	3,435,000	Maryland Health & Higher Educational Facilities Authority Johns Hopkins University and College Improvements Revenue Bonds, Series A 1.55%, 07/01/36(a)		3,435,000

Principal Amount			Value
Maryland (continued)
$	1,000,000	Maryland State Department of Transportation Highway Improvement Revenue Bonds 5.00%, 10/01/20	$	1,047,760
	7,585,000	State of Maryland Advance Refunding GO, Series B 5.00%, 08/01/24		8,853,667
	9,255,000	State of Maryland Advance Refunding GO, Series B 5.00%, 08/01/25		11,065,556
	6,000,000	State of Maryland Department of Transportation Transit Improvements Revenue Bonds 5.00%, 02/01/25		6,711,240
	10,000,000	State of Maryland Department of Transportation Transit Improvements Revenue Bonds 5.00%, 11/01/26		11,705,200
	2,750,000	State of Maryland Public facilities GO, Series 1 5.00%, 03/15/32		3,444,293
	8,035,000	State of Maryland Public Improvements GO, Series A 5.00%, 08/01/24(b)		9,123,903
	3,000,000	State of Maryland Public Improvements GO, Series A 5.00%, 03/15/25		3,555,330
	3,815,000	State of Maryland Public Improvements GO, Series A 5.00%, 03/15/27		4,716,942
	5,000,000	State of Maryland Public Improvements GO, Series A 5.00%, 03/15/28		6,159,450
	6,700,000	State of Maryland School Improvements GO 5.00%, 06/01/23		7,589,358
	20,000,000	State of Maryland School Improvements GO, Series A 5.00%, 03/15/23		22,524,600
	7,500,000	Washington Suburban Sanitary Commission Water & Sewer System Improvements GO 5.00%, 06/01/22		8,262,750
				256,491,714
Massachusetts — 6.9%
	2,550,000	Berkshire Regional Transit Authority Cash Flow Management Revenue Notes 3.00%, 08/02/19		2,557,344
	6,050,000	Brockton Area Transit Authority Public Improvements GO Notes 2.50%, 08/02/19		6,056,837

Principal Amount			Value
Massachusetts (continued)
$	2,200,000	Cape Ann Transportation Authority Cash Flow Management Revenue Notes 2.75%, 07/03/19	$	2,202,222
	5,450,000	Cape Cod Regional Transit Authority GO Notes 2.50%, 07/26/19		5,454,306
	7,000,000	Commonwealth of Massachusetts Advance Refunding GO, Series A 5.00%, 07/01/25		8,348,830
	840,000	Commonwealth of Massachusetts Advance Refunding GO, Series A 5.00%, 07/01/26		1,024,103
	6,430,000	Commonwealth of Massachusetts Advance Refunding GO, Series B 5.00%, 07/01/27		7,988,182
	1,500,000	Commonwealth of Massachusetts Advance Refunding GO, Series B 5.00%, 07/01/28		1,893,105
	9,330,000	Commonwealth of Massachusetts Advance Refunding GO, Series C 5.00%, 10/01/26		11,430,183
	10,000,000	Commonwealth of Massachusetts Advance Refunding GO, Series E 5.00%, 11/01/24		11,739,300
	2,900,000	Commonwealth of Massachusetts Highway Improvements Revenue Bonds, Series B 5.00%, 06/15/22		3,197,598
	9,000,000	Commonwealth of Massachusetts Public Improvements GO, Series A 5.00%, 05/01/19		9,000,000
	2,000,000	Commonwealth of Massachusetts Public Improvements GO, Series C 5.00%, 07/01/32		2,337,320
	1,570,000	Commonwealth of Massachusetts Public Improvements GO, Series D 5.00%, 02/01/33		1,869,697
	8,325,000	Commonwealth of Massachusetts Public Improvements GO, Series E 5.00%, 11/01/31		10,138,185
	8,000,000	Commonwealth of Massachusetts Refunding GO, Series C, (AGM) 5.25%, 11/01/26		9,956,480

Principal Amount			Value
Massachusetts (continued)
$	4,500,000	Commonwealth of Massachusetts Transportation Fund Advance Refunding Revenue Bonds, Series A 5.00%, 06/01/27	$	5,459,625
	3,800,000	Lowell Regional Transit Authority Cash Flow Management Revenue Notes 2.50%, 08/09/19		3,805,320
	1,500,000	Marthas Vineyard Regional Transit Authority Cash Flow Management Revenue Notes 2.00%, 05/20/19		1,499,970
	1,000,000	Massachusetts Bay Transportation Authority Advance Refunding Revenue Bonds, Senior Series B 5.00%, 07/01/33		1,162,800
	8,500,000	Massachusetts Clean Water Trust Advance Refunding Revenue Bonds, Series 2017 5.00%, 08/01/21		9,145,830
	5,000,000	Massachusetts Development Finance Agency Advance Refunding Revenue Bonds, Series A 5.00%, 07/15/33		5,988,100
	10,000,000	Massachusetts Development Finance Agency Miscellaneous Purpose Revenue Bonds, Series A 5.25%, 04/01/37(b)		10,693,000
	7,780,000	Massachusetts State Water Pollution Abatement Trust Refunding Revenue Bonds, Sub-Series 16-B 5.00%, 08/01/20		8,111,117
	500,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series A 5.00%, 08/01/22		554,335
	8,535,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series B 5.25%, 08/01/26		10,613,187
	2,700,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series C 5.00%, 08/01/22		2,993,409
	8,200,000	Merrimack Valley Regional Transit Authority Cash Flow Management Revenue Notes 2.50%, 06/28/19		8,204,428
	16,500,000	Montachusett Regional Transit Authority Cash Flow Management Revenue Notes 2.50%, 08/02/19		16,519,800

Principal Amount			Value
Massachusetts (continued)
$	11,100,000	Pioneer Valley Transit Authority Cash Flow Management Revenue Notes 2.50%, 07/19/19	$	11,109,435
	6,000,000	Worcester Regional Transit Authority Cash Flow Management Revenue Notes 2.50%, 06/28/19		6,003,120
				197,057,168
Michigan — 0.4%
	425,000	Avondale School District School Improvement GO, (Q-SBLF) 5.00%, 11/01/29		518,152
	200,000	Caledonia Community Schools Refunding GO, (Q-SBLF) 5.00%, 05/01/23		224,807
	800,000	Eastpointe Community Schools Advance Refunding GO, (Q-SBLF) 5.00%, 05/01/27		963,032
	1,225,000	Grand Valley State University & College Advance Refunding Revenue Bonds, Series A 5.00%, 12/01/25		1,452,323
	500,000	Grand Valley State University & College Improvements Revenue Bonds, Series A 5.00%, 12/01/23		568,409
	250,000	Hudsonville Public Schools Improvements GO, (Q-SBLF) 5.00%, 05/01/19		249,999
	1,000,000	Michigan State University Refunding Revenue Bonds, Series A 5.00%, 08/15/31		1,162,340
	400,000	Midland Public School Improvements GO, Series II, (Q-SBLF) 5.00%, 05/01/30		494,755
	1,000,000	University of Michigan Advance Refunding Revenue Bonds, Series A 5.00%, 04/01/22		1,096,370
	3,000,000	University of Michigan University & College Improvements Revenue Bonds, Series A 5.00%, 04/01/26		3,641,040
	1,000,000	Utica Community School Improvements GO, (Q-SBLF) 5.00%, 05/01/31		1,223,610
				11,594,837

Principal Amount			Value
Minnesota — 1.1%
$	1,515,000	Cambridge-Isanti Independent School District No 911 School Building Refunding GO, Series D, (School District Credit Program) 5.00%, 02/01/24	$	1,737,281
	1,000,000	City of Rochester Advance Refunding GO, Series B 5.00%, 12/01/24		1,178,050
	1,815,000	Minnesota Public Facilities Authority Advance Refunding Revenue Bonds, Series B 5.00%, 03/01/27		2,192,429
	2,200,000	Sartell-St Stephen Independent School District No 748 GO (School District Credit Program), Series A 5.00%, 02/01/25		2,577,212
	5,425,000	St. Paul Port Authority Anderson Office Building Refunding Revenue Bonds, Series 3 5.00%, 12/01/19		5,532,361
	785,000	State of Minnesota Public Improvements COP 5.00%, 06/01/23		887,874
	1,395,000	State of Minnesota Public Improvements COP 5.00%, 06/01/24		1,618,619
	2,740,000	State of Minnesota Public Improvements COP 5.00%, 06/01/25		3,175,194
	2,910,000	State of Minnesota Public Improvements COP 5.00%, 06/01/26		3,369,635
	1,000,000	State of Minnesota Refunding Revenue Bonds, Series B 5.00%, 03/01/21		1,060,140
	3,915,000	State of Minnesota School Improvements GO, Series A 5.00%, 08/01/28		4,756,294
	1,505,000	University of Minnesota Current Refunding Revenue Bonds, Series B 5.00%, 10/01/29		1,923,556
	1,000,000	Waconia Independent School District No 110 Refunding GO, Series A, (School District Credit Program) 5.00%, 02/01/24		1,146,720
				31,155,365

Principal Amount			Value
Mississippi — 0.6%
$	570,000	Mississippi Development Bank DeSoto County Highway Project Advance Refunding Revenue Bonds, Series S, (State Aid Intercept Program) 5.00%, 01/01/23	$	634,409
	3,060,000	Mississippi Development Bank Harrison County Highway Refunding Revenue Bonds, Series A 5.00%, 01/01/25		3,561,748
	310,000	Mississippi State University Educational Building Corp. Campus Improvements Project Revenue Bonds 5.00%, 11/01/22		343,623
	10,000,000	State of Mississippi Public Improvements GO, Series B 5.00%, 12/01/31		11,260,400
	830,000	University of Mississippi Educational Building Corp. Facilities Financing Project Advance Refunding Revenue Bonds, Series A 5.00%, 10/01/25		985,069
				16,785,249
Missouri — 0.8%
	1,000,000	Belton School District No 124 school Improvements Refunding GO, (State Aid Direct Deposit) 5.00%, 03/01/28		1,246,200
	570,000	County of Jackson Refunding Revenue Bonds 4.00%, 12/01/21		601,498
	300,000	County of Jackson Refunding Revenue Bonds 4.00%, 12/01/22		322,377
	2,300,000	County of Jackson Sports Complex Project Refunding Revenue Bonds, (State Appropriation, City Appropriation) 5.00%, 12/01/26		2,656,408
	4,000,000	Hazelwood School District Refunding GO, (State Aid Direct Deposit) 5.00%, 03/01/25		4,606,280
	905,000	Missouri State Environmental Improvement & Energy Resources Authority Advance Refunding Revenue Bonds, Series B 5.00%, 01/01/25		1,066,696

Principal Amount			Value
Missouri (continued)
$	2,225,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds 5.00%, 10/01/19	$	2,255,394
	2,000,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds 5.00%, 10/01/21		2,161,000
	500,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit) 5.00%, 03/01/24		575,535
	1,800,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit) 5.00%, 03/01/25		2,065,626
	4,915,000	University of Missouri Refunding Revenue Bonds, Series B 1.48%, 11/01/31(a)		4,915,000
				22,472,014
Nevada — 0.1%
	2,605,000	Clark County Water Reclamation District GO, Series A 5.25%, 07/01/20(b)		2,620,760
New Hampshire — 0.4%
	2,250,000	State of New Hampshire Highway Improvements Revenue Bonds 5.00%, 09/01/19		2,274,143
	3,990,000	State of New Hampshire Public Improvements GO, Series B 5.00%, 12/01/21		4,329,629
	3,990,000	State of New Hampshire Public Improvements GO, Series B 5.00%, 12/01/22		4,456,112
				11,059,884
New Jersey — 0.8%
	200,000	Monmouth County Improvement Authority Refunding Revenue Bonds (County GTY, Municipal Government GTY) 5.00%, 12/01/22		223,881
	1,300,000	New Jersey State Turnpike Authority Refunding Revenue Bonds, Series B 5.00%, 01/01/20		1,328,613

Principal Amount			Value
New Jersey (continued)
$	8,500,000	New Jersey Transportation Trust Fund Authority Current Refunding Revenue Bonds 5.00%, 06/15/23	$	9,423,185
	2,000,000	New Jersey Transportation Trust Fund Authority Refunding Revenue Bonds, Series A 5.25%, 12/15/21		2,162,960
	2,000,000	New Jersey Transportation Trust Fund Authority Refunding Revenue Bonds, Series A 5.50%, 12/15/21		2,175,660
	1,500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Refunding Revenue Bonds, Series A 5.25%, 12/15/22		1,661,715
	650,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds 5.00%, 06/15/21		689,078
	1,575,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds 5.00%, 06/15/24		1,778,033
	500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds, Series B 5.00%, 06/15/19		501,909
	1,000,000	New Jersey Turnpike Authority Advance Refunding Revenue Bonds, Series B 5.00%, 01/01/27		1,218,100
	2,000,000	New Jersey Turnpike Authority Highway Improvements Revenue Bonds Series A 5.00%, 01/01/29		2,410,780
				23,573,914
New York — 17.1%
	10,025,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/21		10,772,865
	30,000,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/22		33,169,800
	10,000,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/27		12,364,600
	15,000,000	City of New York Current Refunding GO, Series E 5.00%, 08/01/23		17,033,250

Principal Amount			Value
New York (continued)
$	11,650,000	City of New York Current Refunding GO, Series E 5.00%, 08/01/24	$	13,553,960
	2,910,000	City of New York Public Improvements GO, Sub-Series D-1 5.00%, 08/01/22		3,217,471
	1,855,000	City of New York Refunding GO, Series C 5.00%, 08/01/20		1,933,467
	650,000	City of New York Refunding GO, Series C 5.00%, 08/01/22		718,679
	8,170,000	City of New York Refunding GO, Series D 5.00%, 08/01/22		9,033,242
	3,575,000	City of New York Refunding GO, Series F 5.00%, 08/01/29		3,879,483
	2,500,000	City of New York Refunding GO, Series G 5.00%, 08/01/21		2,686,500
	18,500,000	City of New York Refunding GO, Series G 5.00%, 08/01/22		20,454,710
	5,000,000	City of New York Refunding GO, Series I 5.00%, 08/01/25		5,658,000
	3,000,000	County of Rockland GO Notes 3.00%, 04/02/20		3,034,860
	5,000,000	Erie County Industrial Development Agency Refunding Revenue Bonds, Series B, (State Aid Withholding) 5.00%, 05/01/23		5,329,450
	5,055,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series A 5.25%, 11/15/31		6,163,208
	5,000,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series C-2B 5.00%, 11/15/34(a)		5,115,850
	240,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series D 5.00%, 11/15/28		287,069
	1,020,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series D 5.00%, 11/15/29		1,213,096
	3,020,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series F 5.00%, 11/15/30		3,320,883

Principal Amount			Value
New York (continued)
$	20,000,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series A-2 5.00%, 11/15/48(a)	$	22,062,000
	940,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series C-1 5.00%, 11/15/27		1,146,640
	1,925,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series F 5.00%, 11/15/21		2,075,631
	1,910,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series C 5.00%, 11/15/21		2,058,961
	2,500,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/24		2,919,125
	1,000,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Series S-4A, (State Aid Withholding) 5.00%, 07/15/30		1,241,040
	10,500,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-3, (State Aid Withholding) 5.00%, 07/15/28		13,242,180
	975,000	New York City Transitional Finance Authority Building Aid School Improvements Revenue Bonds, Series S-1A, (State Aid Withholding) 5.00%, 07/15/21(b)		1,045,785
	1,350,000	New York City Transitional Finance Authority Future Tax Secured Advanced Refunding Revenue Bonds, Series C 5.00%, 11/01/23		1,547,357
	2,200,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds 5.00%, 05/01/22(b)		2,200,000
	15,920,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series B 5.00%, 11/01/21		17,244,862

Principal Amount			Value
New York (continued)
$	1,045,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G 5.00%, 11/01/19	$	1,062,890
	2,425,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G 5.00%, 11/01/21		2,626,809
	1,535,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series H 5.00%, 11/01/21		1,662,743
	3,000,000	New York City Transitional Finance Authority Future Tax Secured Revenue Public Improvement Revenue Bonds, Series C-1 5.00%, 05/01/22		3,298,080
	9,000,000	New York City Transitional Finance Authority Future Tax Secured Revenue Public Improvements Revenue Bonds 5.00%, 02/01/31		10,820,070
	600,000	New York City Transitional Finance Authority Refunding Revenue Bonds, Sub-Series G 5.00%, 11/01/20		630,245
	3,545,000	New York City Water & Sewer System Current Refunding Revenue 5.00%, 06/15/24		4,153,251
	1,000,000	New York City Water & Sewer System Water Utility Improvements Revenue Bonds, Series DD-2 5.00%, 06/15/24		1,119,910
	4,370,000	New York Local Government Assistance Corp. Refunding Revenue Bonds 1.53%, 04/01/24(a)		4,370,000
	5,000,000	New York Municipal Bond Bank Agency Refunding Revenue Bonds, (State Aid Withholding) 5.00%, 12/01/21		5,428,250
	9,100,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/23		10,270,806
	7,790,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E 5.00%, 03/15/22		8,531,998

Principal Amount			Value
New York (continued)
$	14,000,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E 5.00%, 03/15/24	$	16,180,920
	2,000,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E 5.00%, 03/15/31		2,347,660
	7,500,000	New York State Dormitory Authority Current Refunding Revenue Bonds, Series 1 (State Aid Withholding) 5.00%, 01/15/30		9,235,125
	1,000,000	New York State Dormitory Authority NYU Hospital Center Advance Refunding Revenue 5.00%, 07/01/25		1,184,330
	8,770,000	New York State Dormitory Authority Public Improvement Revenue Bonds, Series A-Group A 5.00%, 03/15/22		9,610,517
	5,000,000	New York State Dormitory Authority Public Improvement Revenue Bonds, Series B-Group B 5.00%, 02/15/28		5,884,700
	15,000,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 12/15/20		15,821,700
	4,160,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 02/15/26		4,791,405
	7,850,000	New York State Dormitory Authority School Improvement Refunding Revenue Bonds, Series E 5.00%, 03/15/30		9,795,623
	6,000,000	New York State Dormitory Authority School Improvement Refunding Revenue Bonds, Series E 5.00%, 03/15/31		7,431,180
	1,045,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A 5.00%, 03/15/21		1,110,365
	7,700,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A 5.00%, 03/15/25		8,910,748

Principal Amount			Value
New York (continued)
$	1,000,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A 5.00%, 02/15/27	$	1,215,800
	6,290,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A 5.00%, 03/15/27		7,783,623
	22,680,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series C 5.00%, 03/15/27		28,065,593
	6,325,000	New York State Dormitory Authority School Improvements Revenue Bonds, Series C 5.00%, 03/15/30		7,816,372
	1,500,000	New York State Dormitory Authority University & College Improvements Revenue Bonds, Series A 5.00%, 07/01/32		1,852,290
	3,000,000	New York State Environmental Facilities Corp Refunding Revenue Bonds 5.00%, 06/15/29		3,476,250
	3,750,000	New York State Environmental Facilities Corp Water Utility Improvements Refunding Revenue 5.00%, 06/15/25		4,511,513
	1,430,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A 5.00%, 03/15/20		1,472,414
	8,000,000	New York State Thruway Authority Refunding Revenue Bonds, Series A 5.00%, 03/15/21		8,369,040
	2,000,000	New York State Urban Development Corp Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/24		2,314,600
	2,105,000	New York State Urban Development Corp Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/27		2,537,135
	5,875,000	New York State Urban Development Corp Personal Income Tax Advance Refunding Revenue, Series A 5.00%, 03/15/25		6,970,159

Principal Amount			Value
New York (continued)
$	5,605,000	New York State Urban Development Corp Personal Income Tax Economic Improvements Revenue Bonds, Series C 5.00%, 03/15/22	$	6,140,502
	4,705,000	New York State Urban Development Corp. Public Improvement Revenue Bonds, Series A-1 5.00%, 03/15/22		5,154,516
	4,215,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 179 5.00%, 12/01/27		4,803,625
	5,880,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 179 5.00%, 12/01/28		6,692,792
	4,450,000	Triborough Bridge & Tunnel Authority Advance Refunding Revenue Bonds 5.00%, 11/15/28		5,685,765
	120,000	Triborough Bridge & Tunnel Authority Advance Refunding Revenue Bonds, Series B 5.00%, 11/15/29		148,061
	2,125,000	Triborough Bridge & Tunnel Authority Highway Improvements Revenue Bonds, Series A 5.00%, 11/15/27		2,654,083
	5,105,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds 5.00%, 11/15/33		6,278,691
	1,600,000	Utility Debt Securitization Authority Restructuring Refunding Revenue Bonds 5.00%, 12/15/24		1,791,856
				487,738,029
North Carolina — 1.9%
	680,000	Appalachian State University Refunding Revenue Bonds 5.00%, 05/01/20		702,712
	3,325,000	County of Wake Advance Refunding Revenue, Series A 5.00%, 12/01/26		4,083,732
	7,225,000	County of Wake Refunding Public Notes GO, Series A 5.00%, 03/01/26		8,757,928
	675,000	Dare County Refunding Revenue Bonds, Series D 5.00%, 06/01/21		719,847

Principal Amount			Value
North Carolina (continued)
$	1,000,000	Durham Capital Financing Corp Advance Refunding Revenue Bonds 5.00%, 12/01/25	$	1,201,970
	325,000	North Carolina State University At Raleigh Refunding Revenue Bonds, Series A 5.00%, 10/01/21		351,081
	3,250,000	State of North Carolina Advance Refunding Revenue Bonds 5.00%, 03/01/22		3,546,920
	13,000,000	State of North Carolina Advance Refunding Revenue Bonds, Series B 5.00%, 05/01/23		14,698,450
	2,010,000	State of North Carolina Advance Refunding Revenue Bonds, Series B 5.00%, 05/01/24		2,328,444
	8,025,000	State of North Carolina Public Improvements GO, Series A 5.00%, 06/01/26		9,785,765
	5,270,000	State of North Carolina Public Improvements GO, Series A 5.00%, 06/01/27		6,550,452
				52,727,301
Ohio — 3.4%
	1,175,000	Central Ohio Solid Waste Authority Advance Refunding GO 5.00%, 12/01/23		1,344,658
	1,000,000	Central Ohio Solid Waste Authority Advance Refunding GO 5.00%, 12/01/24		1,173,970
	1,285,000	Central Ohio Solid Waste Authority Advance Refunding GO 5.00%, 12/01/25		1,542,758
	3,500,000	City of Columbus GO, Series A 4.00%, 08/15/25		3,971,590
	1,945,000	City of Columbus Public Improvements GO, Series 1 1.50%, 12/01/26(a)		1,945,000
	3,730,000	City of Columbus Refunding GO, Series 1 5.00%, 07/01/21		3,999,008
	5,000,000	City of Columbus Refunding GO, Series 1 5.00%, 07/01/26		6,088,300
	2,000,000	City of Columbus Refunding GO, Series 5 5.00%, 08/15/23		2,277,840

Principal Amount			Value
Ohio (continued)
$	1,100,000	County of Cuyahoga Refunding Revenue Bonds 5.00%, 12/01/22	$	1,226,467
	1,000,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A 5.00%, 12/01/26		1,169,170
	1,515,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A 5.00%, 12/01/27		1,767,111
	1,000,000	Greater Cleveland Regional Transit Authority Capital Improvements Advance Refunding Revenue Bonds 5.00%, 12/01/23		1,145,340
	3,000,000	Ohio Water Development Authority Revenue Bonds 5.00%, 06/01/26		3,647,070
	10,000,000	Ohio Water Development Authority Water Utility Improvements Revenue Bonds, Series A 5.00%, 06/01/29		12,755,800
	3,045,000	Revere Local School District School Improvements GO, Series A 5.00%, 12/01/42(b)		3,355,925
	2,350,000	Revere Local School District School Improvements GO, Series A 5.00%, 12/01/45(b)		2,589,959
	320,000	RiverSouth Authority Area Redevelopment Refunding Revenue Bonds 5.00%, 06/01/24		360,723
	16,790,000	State of Ohio Advance Refunding GO, Series A 5.00%, 12/15/24		19,729,257
	1,000,000	State of Ohio Advance Refunding Revenue Bonds 5.00%, 10/01/21		1,079,260
	1,445,000	State of Ohio Department of Administration Telecommunications Improvements COP 5.00%, 09/01/24		1,682,153
	300,000	State of Ohio Department of Administration Telecommunications Improvements COP 5.00%, 09/01/24		349,235
	210,000	State of Ohio Highway Improvements Revenue Bonds 5.00%, 12/15/24		246,393

Principal Amount			Value
Ohio (continued)
$	2,000,000	State of Ohio Highway Improvements Revenue Bonds, Series 2016-1 5.00%, 12/15/20	$	2,107,580
	2,000,000	State of Ohio Mental Health Facility Improvements Revenue Bonds 5.00%, 06/01/25		2,365,600
	2,530,000	State of Ohio Mental Health Facility Improvements Revenue Bonds, Series A 5.00%, 02/01/23(b)		2,679,371
	1,415,000	State of Ohio Public Improvements Revenue Bonds, Series A 5.00%, 02/01/24		1,623,996
	5,000,000	State of Ohio School Improvements GO, Series B 5.00%, 06/15/23		5,663,150
	5,545,000	State of Ohio University and College Improvements GO, Series A 5.00%, 05/01/28		6,545,983
	1,520,000	University of Cincinnati Advance Refunding Revenue, Series A 5.00%, 06/01/26		1,836,586
				96,269,253
Oklahoma — 0.8%
	675,000	City of Oklahoma City Current Refunding GO 5.00%, 03/01/24		777,701
	3,650,000	City of Oklahoma City Public Improvements GO 5.00%, 03/01/26		4,403,506
	2,000,000	Oklahoma Turnpike Authority Refunding Revenue Bonds, Series D 4.00%, 01/01/21		2,077,120
	5,000,000	Oklahoma Turnpike Authority Refunding Revenue Bonds, Series D 5.00%, 01/01/26		6,006,950
	2,985,000	Oklahoma Turnpike Authority Refunding Revenue Bonds, Series D 5.00%, 01/01/28		3,717,638
	1,575,000	Tulsa Metropolitan Utility Authority Refunding Revenue Bonds, Series A 5.00%, 04/01/27		1,935,911
	2,000,000	University of Oklahoma Advance Refunding Revenue Bonds, Series B 5.00%, 07/01/25		2,366,100

Principal Amount			Value
Oklahoma (continued)
$	1,250,000	University of Oklahoma Refunding Revenue Bonds, Series A 5.00%, 07/01/25	$	1,478,813
				22,763,739
Oregon — 1.0%
	1,390,000	Clatsop County School District No 30 Warrenton-Hammond School Improvements GO, Series B, (School Board GTY) 5.00%, 06/15/27		1,717,123
	1,455,000	Clatsop County School District No 30 Warrenton-Hammond School Improvements GO, Series B, (School Board GTY) 5.00%, 06/15/28		1,821,253
	4,000,000	State of Oregon Facilities Improvements GO, Series A 5.00%, 05/01/25		4,747,480
	4,940,000	State of Oregon Facilities Improvements GO, Series A 5.00%, 05/01/27		6,109,891
	9,140,000	State of Oregon Refunding GO, Series G 5.00%, 11/01/30		10,319,334
	1,755,000	Washington & Multnomah Counties School District No 48J Beaverton Refunding GO, Series B, (School Board GTY) 4.00%, 06/15/19		1,760,054
	2,000,000	Washington County School District No 1 West Union School Improvements GO, (School Board GTY) 5.00%, 06/15/28		2,464,320
				28,939,455
Pennsylvania — 0.7%
	5,000,000	Commonwealth of Pennsylvania Public Facilities GO, Series 1 5.00%, 03/01/22		5,452,450
	10,000,000	Commonwealth of Pennsylvania Public Improvements GO, Series 2 5.00%, 09/15/20		10,450,200
	1,000,000	Lancaster County Hospital Authority Advance Refunding Revenue Bonds 5.00%, 08/15/26		1,206,110
	1,240,000	Pennsylvania State University, University and College Improvements Revenue, Series A 5.00%, 09/01/26		1,512,862
				18,621,622

Principal Amount			Value
Rhode Island — 0.6%
$	6,950,000	Rhode Island Commerce Corp Grant Anticipation Current Refunding Revenue 5.00%, 06/15/23	$	7,800,958
	3,000,000	Rhode Island Convention Center Authority Refunding Revenue Bonds, Series A 5.00%, 05/15/22		3,274,740
	4,025,000	Rhode Island Health & Educational Building Corp. College Improvements Revenue Bonds 1.56%, 05/01/35(a)		4,025,000
	850,000	State of Rhode Island School for the Deaf Project Advance Refunding COP, Series D 5.00%, 04/01/24		970,955
	960,000	State of Rhode Island University & College Improvements COP, Series A 5.00%, 06/01/24		1,100,774
	1,010,000	State of Rhode Island University & College Improvements COP, Series A 5.00%, 06/01/25		1,179,417
				18,351,844
South Carolina — 0.9%
	3,600,000	Beaufort County School District School Improvements Refunding GO, Series A (South Carolina School District) 5.00%, 03/01/22		3,935,196
	4,010,000	Darlington County School District School Improvement GO (South Carolina School District) 5.00%, 03/01/27		4,928,170
	3,000,000	Darlington County School District School Improvement GO (South Carolina School District) 5.00%, 03/01/28		3,715,680
	1,635,000	Lexington County School District No 2 Refunding GO (South Carolina School District) 5.00%, 03/01/20		1,681,467
	2,350,000	Lexington County School District No 2 School Improvements GO (South Carolina School District) 5.00%, 03/01/26		2,838,495

Principal Amount			Value
South Carolina (continued)
$	1,500,000	State of South Carolina Advance Refunding GO, Series B (State Aid Withholding) 5.00%, 04/01/26	$	1,822,710
	1,485,000	State of South Carolina University & College Improvements GO, Series B (State Aid Withholding) 5.00%, 04/01/22		1,628,555
	4,680,000	State of South Carolina University & College Improvements Refunding GO, Series A (State Aid Withholding) 5.00%, 04/01/22		5,132,416
				25,682,689
South Dakota — 0.1%
	2,455,000	South Dakota Conservancy District Water Utility Improvements Revenue Bonds 5.00%, 08/01/29		2,837,685
Tennessee — 0.8%
	1,000,000	County of Montgomery Advance Refunding School Improvements GO 5.00%, 04/01/26		1,211,500
	1,600,000	Metropolitan Government of Nashville & Davidson County Advance Refunding Revenue, Series B 5.00%, 05/15/25		1,899,664
	400,000	Metropolitan Government of Nashville & Davidson County Electric System Revenue, Series A 5.00%, 05/15/23		452,059
	2,335,000	State of Tennessee Refunding Notes GO, Series A 5.00%, 08/01/27		2,847,626
	7,000,000	Tennessee State School Bond Authority Advance Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 11/01/31		8,205,820
	7,000,000	Tennessee State School Bond Authority Advance Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 11/01/32		8,173,410

Principal Amount			Value
Tennessee (continued)
$	900,000	Tennessee State School Bond Authority Refunding Revenue Bonds (State Aid Intercept Program) 5.00%, 11/01/25	$	1,052,928
				23,843,007
Texas — 16.9%
	7,000,000	Aldine Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/28		8,165,640
	2,250,000	Alief Independent School District School Improvements GO, (PSF-GTD) 5.00%, 02/15/28		2,749,095
	1,000,000	Allen Independent School District Current Refunding GO, Series A (PSF-GTD) 5.00%, 02/15/22		1,090,250
	860,000	Alvin Independent School District Improvements Refunding GO, Series A, (PSF-GTD) 5.00%, 02/15/25		1,011,962
	1,720,000	Alvin Independent School District Improvements Refunding GO, Series A, (PSF-GTD) 5.00%, 02/15/26		2,066,958
	1,100,000	Amarillo College District Refunding GO 4.00%, 02/15/20		1,120,779
	235,000	Anna Independent School District School Improvement GO, (PSF-GTD) 5.00%, 08/15/28		289,743
	485,000	Aransas Pass Independent School District Improvements GO, (PSF-GTD) 5.00%, 02/15/23		542,492
	1,450,000	Austin Community College District Refunding GO 5.00%, 08/01/27		1,739,928
	2,525,000	Austin Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/01/27		3,054,493
	1,000,000	Austin Independent School District Refunding GO, Series B, (PSF-GTD) 5.00%, 08/01/21		1,073,910
	5,310,000	Beaumont Independent School District Refunding GO, (PSF-GTD) 5.00%, 02/15/26		6,392,390

Principal Amount			Value
Texas (continued)
$	3,070,000	Beaumont Independent School District Refunding GO, (PSF-GTD) 5.00%, 02/15/28	$	3,741,071
	2,000,000	Bexar County Hospital District Current Refunding GO 5.00%, 02/15/30		2,452,660
	1,075,000	Bonham Independent School District Improvements GO, (PSF-GTD) 5.00%, 08/01/27		1,295,579
	1,605,000	Brock Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/25		1,906,997
	5,000,000	Burleson Independent School District School Improvement GO, (PSF-GTD) 2.50%, 02/01/47(a)		5,079,050
	1,000,000	Burleson Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/01/25		1,187,150
	1,420,000	Burleson Independent School District Refunding GO, Series B, (PSF-GTD) 5.50%, 08/01/27		1,801,071
	5,000,000	City of Austin Water & Wastewater System Advance Refunding Revenue Bonds 5.00%, 11/15/29		6,015,700
	1,000,000	City of Austin Water & Wastewater System Advance Refunding Revenue Bonds, Series A 5.00%, 11/15/21		1,082,400
	2,360,000	City of Bryan Waterworks & Sewer Current Refunding Revenue 4.00%, 07/01/21		2,470,944
	2,450,000	City of Bryan Waterworks & Sewer Current Refunding Revenue 4.00%, 07/01/22		2,614,714
	2,535,000	City of Cedar Park Public Improvements Refunding GO 5.00%, 02/15/20		2,602,608
	4,020,000	City of College Station Improvements Advance Refunding GO 5.00%, 02/15/25		4,713,410
	935,000	City of Conroe Public Improvements GO 5.00%, 03/01/25		1,072,978
	2,075,000	City of Denton Public Improvements GO 5.00%, 02/15/23		2,323,398

Principal Amount			Value
Texas (continued)
$	1,715,000	City of Denton Public Improvements GO 5.00%, 02/15/24	$	1,968,494
	1,290,000	City of Denton Public Improvements GO 5.00%, 02/15/28		1,530,895
	830,000	City of El Paso Municipal Drainage Utility System Sewer Improvement Revenue Bonds 5.00%, 03/01/24		954,143
	350,000	City of El Paso Water & Sewer Refunding Revenue Bonds 5.00%, 03/01/25		401,650
	1,250,000	City of El Paso Water & Sewer Refunding Revenue Bonds 5.00%, 03/01/26		1,432,588
	5,145,000	City of Fort Worth Water & Sewer System Improvements Revenue 5.00%, 02/15/25		6,057,209
	450,000	City of Lubbock Unrefunded Public Improvements GO 5.25%, 02/15/20		450,599
	2,240,000	City of McKinney Waterworks & Sewer System Revenue Sewer Improvements 5.00%, 03/15/25		2,634,106
	2,360,000	City of McKinney Waterworks & Sewer System Revenue Sewer Improvements 5.00%, 03/15/26		2,836,059
	930,000	City of Pflugerville Advance Refunding GO 5.00%, 08/01/26		1,118,120
	1,815,000	City of Plano Advance Refunding GO 5.00%, 09/01/23		2,064,671
	1,180,000	City of Plano Waterworks & Sewer System Water Utility Improvement Revenue Bonds 5.00%, 05/01/26		1,420,956
	1,205,000	City of Round Rock TX Utility System Revenue Advance Refunding 5.00%, 08/01/25		1,430,516
	1,505,000	Clint Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/25		1,789,159
	1,535,000	College of the Mainland University and College Improvements GO 5.00%, 08/15/29		1,891,151
	1,195,000	Connally Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/25		1,417,509

Principal Amount			Value
Texas (continued)
$	900,000	Conroe Independent School District School Improvements GO, (PSF-GTD) 5.00%, 02/15/21	$	953,316
	460,000	Conroe Independent School District School Improvements GO, (PSF-GTD) 5.00%, 02/15/22		501,782
	1,400,000	Coppell Independent School District School Improvements GO, (PSF-GTD) 5.00%, 08/15/32		1,714,902
	2,130,000	County of Bexar Advance Refunding GO 5.00%, 06/15/26		2,526,926
	7,500,000	County of Bexar Advance Refunding GO 5.00%, 06/15/29		8,994,075
	2,910,000	County of Bexar Refunding GO 5.00%, 06/15/22		3,206,733
	24,000,000	County of Bexar Tax Public Improvements GO, Series B 5.00%, 06/15/43(b)		27,168,240
	675,000	County of Collin Advance Refunding GO 5.00%, 02/15/24		775,440
	2,800,000	County of Dallas Public Improvements GO 5.00%, 08/15/28		3,372,208
	1,500,000	County of Denton Advance Refunding GO 5.00%, 07/15/24		1,743,255
	1,590,000	County of Harris Advance Refunding Revenue, Series A 5.00%, 08/15/25		1,891,257
	1,850,000	County of Williamson Limited Tax Advance Refunding GO 5.00%, 02/15/24		2,123,449
	1,000,000	County of Williamson Limited Tax Refunding GO 5.00%, 02/15/21		1,059,970
	360,000	Crystal City Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/26		422,528
	750,000	Dallas Area Rapid Transit Refunding Revenue Bonds, Series A 5.00%, 12/01/25		878,303
	1,120,000	Dayton Independent School District School Improvements GO, (PSF-GTD) 5.00%, 02/15/22		1,220,442
	8,215,000	Denton Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/26		9,627,076

Principal Amount			Value
Texas (continued)
$	6,500,000	Denton Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/29	$	7,731,100
	1,085,000	Denver City Independent School District School Building GO, Series A, (PSF-GTD) 5.00%, 02/15/25		1,273,454
	2,665,000	Eagle Mountain & Saginaw Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/25		3,169,938
	1,835,000	Eagle Mountain & Saginaw Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/27		2,187,540
	3,000,000	Edinburg Consolidated Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/25		3,524,670
	1,500,000	El Paso Independent School District Refunding GO (PSF-GTD) 5.00%, 08/15/25		1,750,095
	2,280,000	Fort Bend Independent School District Refunding Notes GO, Series A, (PSF-GTD) 1.95%, 08/01/49(a)		2,280,365
	4,320,000	Fort Worth Independent School District School Building GO, (PSF-GTD) 5.00%, 02/15/22		4,712,386
	885,000	Frenship Independent School District Refunding GO (PSF-GTD) 5.00%, 02/15/26		1,018,440
	4,890,000	Frisco Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/26		5,874,504
	1,385,000	Goose Creek Consolidated Independent School District Advance Refunding GO, (PSF-GTD), Series A 5.00%, 02/15/25		1,627,223
	1,095,000	Graham Independent School District Refunding GO, Series B (PSF-GTD) 5.00%, 02/15/21		1,159,868
	4,500,000	Grand Parkway Transportation Corp Highway Improvements Revenue Bonds, Sub-Tier Series B 5.00%, 10/01/52(a)		5,072,760

Principal Amount			Value
Texas (continued)
$	2,865,000	Harris County Flood Control District Advance Refunding GO 5.00%, 10/01/28	$	3,531,284
	1,000,000	Harris County Refunding GO, Series C, (AGM) 5.25%, 08/15/19		1,010,170
	2,040,000	Hays Consolidated Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/27		2,488,494
	2,730,000	Hays Consolidated Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/27		3,294,591
	4,000,000	Houston Independent School District Improvements GO, (PSF-GTD) 5.00%, 02/15/28		4,887,280
	2,455,000	Irving Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/24		2,822,734
	585,000	Kaufman Independent School District School Building Refunding GO, (PSF-GTD) 5.00%, 02/15/24		670,597
	500,000	Kaufman Independent School District School Building Refunding GO, (PSF-GTD) 5.00%, 02/15/25		585,945
	750,000	Klein Independent School District School Improvements GO, (PSF-GTD) 5.00%, 08/01/23		850,343
	1,645,000	La Joya Independent School District Refunding GO (PSF-GTD) 5.00%, 02/15/31		2,002,968
	13,725,000	Lone Star College System Advance Refunding GO 5.00%, 02/15/29		16,357,455
	4,455,000	Lone Star College System Advance Refunding GO, Series B 5.00%, 02/15/23		4,991,783
	1,835,000	Longview Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/21		1,943,705
	1,860,000	Longview Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/23		2,082,661

Principal Amount			Value
Texas (continued)
$	560,000	Longview Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/24	$	642,219
	225,000	Longview Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/26		270,227
	2,670,000	Magnolia Independent School District School Improvement Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/25		3,177,620
	300,000	Manor Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/01/26		363,615
	3,410,000	Manor Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/01/24		3,961,704
	1,005,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series A 5.00%, 08/15/23		1,141,489
	1,060,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series A 5.00%, 08/15/24		1,233,819
	1,110,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series A 5.00%, 08/15/25		1,321,766
	1,435,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series B 5.00%, 08/15/23		1,629,887
	1,650,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series B 5.00%, 08/15/25		1,964,787
	585,000	Mesquite Independent School District Advance Refunding GO, (PSF-GTD), Series B 5.00%, 08/15/26		710,447
	580,000	Mesquite Independent School District Current Refunding GO, Series A (PSF-GTD) 5.00%, 08/15/24		675,108
	1,170,000	Mesquite Independent School District Current Refunding GO, Series A (PSF-GTD) 5.00%, 08/15/25		1,393,213
	1,000,000	Mesquite Independent School District Improvements GO, Series C, (PSF-GTD) 5.00%, 08/15/21		1,075,630

Principal Amount			Value
Texas (continued)
$	595,000	Mesquite Independent School District Improvements GO, Series C, (PSF-GTD) 5.00%, 08/15/26	$	722,592
	1,585,000	Mesquite Independent School District School Improvements GO, Series B (PSF-GTD) 5.00%, 08/15/26		1,924,887
	1,000,000	New Caney Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/27		1,220,660
	250,000	Northside Independent School District School Improvements GO, (PSF-GTD) 5.00%, 08/15/26		303,989
	2,525,000	Northwest Independent School District Refunding GO, Series B 5.00%, 02/15/25		2,966,597
	1,145,000	Palestine Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/23		1,280,728
	250,000	Pasadena Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/15/22		272,635
	4,420,000	Pasadena Independent School District School Improvement Refunding GO, (PSF-GTD) 5.00%, 02/15/25		4,938,775
	750,000	Pharr San Juan Alamo Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 02/01/27		872,370
	1,525,000	Plano Independent School District School Improvement GO, (PSF-GTD) 5.00%, 02/15/23		1,709,937
	5,000,000	Plano Independent School District School Improvement GO, (PSF-GTD) 5.00%, 02/15/26		6,015,700
	2,595,000	Port Arthur Independent School District Advance Refunding GO, (PSF-GTD), Series B 5.00%, 02/15/25		3,051,954
	1,000,000	Prosper Independent School District School Building School Improvement GO, (PSF-GTD) 5.00%, 02/15/25		1,173,090

Principal Amount			Value
Texas (continued)
$	925,000	Roma Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/22	$	1,022,301
	1,020,000	Roma Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/23		1,157,170
	1,075,000	Roma Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/24		1,248,914
	1,000,000	Roma Independent School District Refunding GO, (PSF-GTD) 5.00%, 08/15/25		1,186,850
	7,000,000	San Antonio Water System Water Utility Improvements Revenue Bonds, Series A 2.63%, 05/01/49(a)		7,216,720
	705,000	San Elizario Independent School District School Improvements GO, (PSF-GTD) 5.00%, 05/01/25		831,019
	450,000	Spring Independent School District Advance Refunding GO (PSF-GTD) 5.00%, 08/15/27		542,723
	1,000,000	Spring Independent School District Advance Refunding GO, (PSF- GTD) 5.00%, 08/15/26		1,218,250
	2,160,000	Spring Independent School District Advance Refunding GO, (PSF-GTD) 5.00%, 08/15/22		2,393,042
	7,180,000	Spring Independent School District Advance Refunding GO, Series A 5.00%, 08/15/28		8,625,765
	24,500,000	State of Texas Cash Flow Management Revenue Notes 4.00%, 08/29/19		24,677,135
	10,000,000	State of Texas Mobility Funds Highway Improvement GO, Series B 1.65%, 04/01/36(a)		10,000,000
	5,000,000	State of Texas Public Finance Authority Advance Refunding GO 5.00%, 10/01/26		6,094,450
	2,695,000	State of Texas Public Finance Authority Refunding GO 5.00%, 10/01/20		2,821,773
	2,500,000	State of Texas Refunding Public Notes GO, Series A 5.00%, 10/01/21		2,699,400

Principal Amount			Value
Texas (continued)
$	3,200,000	State of Texas Transportation Commission Advance Refunding GO, Series F 5.00%, 10/01/25	$	3,823,456
	5,000,000	State of Texas Transportation Commission Advance Refunding GO, Series F 5.00%, 10/01/28		5,917,600
	1,840,000	State of Texas Transportation Commission Advance Refunding GO, Series F 5.00%, 10/01/30		2,247,486
	6,500,000	State of Texas Transportation Commission Highway Improvement GO 5.00%, 04/01/25		7,679,360
	9,320,000	State of Texas Transportation Commission Highway Improvement GO 5.00%, 04/01/27		11,236,378
	12,005,000	State of Texas Transportation Commission Highway Improvement GO 5.00%, 04/01/30		13,061,560
	3,500,000	State of Texas Transportation Commission Refunding GO, Series A 5.00%, 10/01/22		3,885,630
	1,030,000	State of Texas Water Utility Improvement Refunding GO, Series B1 5.00%, 08/01/26		1,251,532
	1,000,000	State of Texas, Water Financial Assistance Refunding GO, Subseries 2018 B-2 5.00%, 08/01/28		1,153,120
	3,500,000	State of Texas, Water Financial Assistance Refunding GO, Subseries 2018 B-3 5.00%, 08/01/27		4,327,610
	1,000,000	Sulphur Springs Independent School District Advance Refunding GO, (PSF- GTD) 5.00%, 08/15/26		1,214,440
	1,000,000	Temple Independent School District Advance Refunding GO, (PSF- GTD) 5.00%, 02/01/27		1,221,480
	1,000,000	Texas Transportation Commission State Highway Fund First Tier Advance Refunding Revenue Bonds 5.00%, 10/01/22		1,110,880

Principal Amount			Value
Texas (continued)
$	5,785,000	Texas Transportation Commission State Highway Fund First Tier Advance Refunding Revenue Bonds 5.00%, 10/01/24	$	6,764,227
	3,225,000	Texas Transportation Commission State Highway Fund First Tier Advance Refunding Revenue Bonds, Series A 5.00%, 04/01/21		3,430,207
	4,250,000	Texas Transportation Commission State Highway Fund Highway Improvements Revenue Bonds Series A 5.00%, 10/01/26		5,180,283
	2,080,000	Texas Water Development Board Water Utility Improvements Revenue Bonds 5.00%, 08/01/31		2,608,237
	1,000,000	Trinity River Authority Central Regional Wastewater System Advance Refunding Revenue Bonds 5.00%, 08/01/24		1,163,970
	500,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/22		552,255
	1,680,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/23		1,905,187
	935,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/24		1,086,779
	2,085,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/25		2,478,669
	1,635,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/26		1,983,124
	1,000,000	United Independent School District GO, (PSF-GTD) 5.00%, 08/15/27		1,233,850
	220,000	University of North Texas Prerefunded Refunding Revenue 5.00%, 04/15/20(b)		226,937
	420,000	University of North Texas Prerefunded Refunding Revenue 5.00%, 04/15/21(b)		446,842
	1,480,000	University of North Texas Unrefunded Refunding Revenue 5.00%, 04/15/20		1,527,375

Principal Amount			Value
Texas (continued)
$	1,065,000	University of Texas System Refunding Revenue Bonds, Series A 5.00%, 08/15/29	$	1,225,687
	2,000,000	University of Texas System University and College Improvements Revenue, Series D 5.00%, 08/15/23		2,276,060
	7,000,000	University of Texas System/The Advance Refunding Revenue Bonds, Series C 5.00%, 08/15/26		8,538,390
	5,000,000	University of Texas System/The Refunding Revenue Bonds, Series B 1.45%, 08/01/32(a)		5,000,000
	325,000	Waco Independent School District Advance Refunding GO, (PSF- GTD) 5.00%, 08/15/27		392,703
	640,000	Wall Independent School District School Improvements GO, (PSF-GTD) 5.00%, 02/15/27		747,334
	1,210,000	Wichita Falls Independent School District School Improvements GO (PSF-GTD) 5.00%, 02/01/23		1,354,365
				482,141,420
Utah — 0.1%
	1,975,000	Alpine School District School Building GO, (School Board GTY) 5.00%, 03/15/21(b)		1,999,964
	840,000	Salt Lake County Municipal Building Authority Public Facilities Revenue Bonds 5.00%, 01/15/31		1,020,298
				3,020,262
Virginia — 4.7%
	4,110,000	City of Suffolk Public Improvements GO 5.00%, 02/01/26(b)		4,345,339
	7,430,000	Commonwealth of Virginia Advance Refunding GO, Series B (State Aid Withholding) 5.00%, 06/01/28		8,802,247
	3,815,000	Commonwealth of Virginia University and College Improvements GO, Series A 5.00%, 06/01/22		4,209,051

Principal Amount			Value
Virginia (continued)
$	3,865,000	Commonwealth of Virginia University and College Improvements GO, Series A 5.00%, 06/01/27	$	4,709,309
	7,000,000	Country of Fairfax Public Improvements GO, Series A, (State Aid Withholding) 5.00%, 10/01/22		7,795,970
	5,000,000	Country of Fairfax School Improvements GO, Series A, (State Aid Withholding) 5.00%, 10/01/27		6,200,700
	4,630,000	Country of Fairfax School Improvements GO, Series A, (State Aid Withholding) 5.00%, 10/01/28		5,905,380
	2,000,000	Country of Fairfax School Improvements GO, Series A, (State Aid Withholding) 5.00%, 10/01/28		2,474,240
	2,660,000	County of Arlington Public Improvements GO 5.00%, 08/15/31		3,313,323
	2,160,000	County of Fairfax Sewer Improvement Revenue Bonds 5.00%, 07/15/22(b)		2,317,788
	1,350,000	Fairfax County Economic Development Authority Community Services Facilities Project Revenue Bonds, Series A 4.50%, 03/01/20		1,382,144
	1,170,000	Prince William County Industrial Development Authority Public Improvements Refunding Revenue Bonds, Series A 5.00%, 10/01/24		1,369,368
	10,000,000	Virginia College Building Authority Advance Refunding Revenue Bonds 5.00%, 02/01/27		12,295,600
	1,000,000	Virginia College Building Authority Advance Refunding Revenue, Series A 5.00%, 09/01/28		1,212,850
	2,000,000	Virginia College Building Authority Public Higher Education Refunding Revenue Bonds, Series B (State Aid Intercept Program) 5.00%, 09/01/21		2,089,460
	500,000	Virginia College Building Authority, University and College Improvements Revenue, Series A 5.00%, 02/01/27(b)		576,415

Principal Amount			Value
Virginia (continued)
$	6,000,000	Virginia Commonwealth Transportation Board Advance Refunding Revenue Bonds 5.00%, 09/15/29	$	7,396,980
	2,600,000	Virginia Commonwealth Transportation Board Advance Refunding Revenue Bonds, Series A 5.00%, 05/15/23		2,939,482
	5,000,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds 5.00%, 03/15/23(b)		5,476,300
	5,000,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds 5.00%, 05/15/27		6,049,800
	6,145,000	Virginia Public Building Authority Advance Refunding Revenue Bonds, Series B 5.00%, 08/01/26		7,485,286
	2,465,000	Virginia Public Building Authority Revenue Bonds, Series A 5.00%, 08/01/21		2,649,456
	8,805,000	Virginia Public Building Authority Revenue Bonds, Series A 5.00%, 08/01/30		11,195,822
	6,500,000	Virginia Public Building Authority Revenue Bonds, Series A 5.00%, 08/01/31		8,191,495
	1,250,000	Virginia Public Building Authority Revenue Bonds, Series B (State Appropriation) 5.00%, 08/01/21(b)		1,260,650
	500,000	Virginia Public School Authority Advance Refunding Revenue Bonds 5.00%, 02/01/26		602,835
	2,450,000	Virginia Public School Authority Advance Refunding Revenue Bonds, (State Aid Withholding) 5.00%, 08/01/24		2,858,440
	5,000,000	Virginia Public School Authority Refunding Revenue Bonds, Series A, (State Aid Withholding) 5.00%, 08/01/25		5,971,600
	1,500,000	Virginia Resources Authority Advance Refunding Revenue 5.00%, 11/01/26		1,846,515

Principal Amount			Value
Virginia (continued)
$	1,120,000	Virginia Resources Authority Refunding Revenue Bonds 5.00%, 11/01/25	$	1,316,728
	30,000	Virginia Resources Authority Refunding Revenue Bonds 5.00%, 11/01/25(b)		35,055
				134,275,628
Washington — 4.3%
	1,025,000	Benton County School District No 17 Kennewick School Improvements GO, (School Board GTY) 5.00%, 12/01/21		1,112,515
	1,050,000	Chelan County School District No 228 Cascade School Improvements GO, (School Board GTY) 5.00%, 12/01/26		1,265,460
	2,100,000	City of Seattle Public Improvements GO, Series A 5.00%, 11/01/24		2,465,253
	1,600,000	Clark County Public Utility District No 1 Refunding Revenue Bonds 5.00%, 01/01/27		1,899,664
	825,000	Clark County School District No 117 Camas School Improvements GO, (School Board GTY) 5.00%, 12/01/24		969,491
	1,000,000	County of King WA Sewer Advance Refunding Revenue Bonds 5.00%, 07/01/30		1,215,550
	7,000,000	County of King WA Sewer Revenue Sewer Improvement Revenue Bonds, Series B 5.00%, 07/01/29		8,777,370
	10,000,000	Energy Northwest Advance Refunding Revenue Bonds 5.00%, 07/01/27		12,115,100
	3,900,000	Energy Northwest Refunding Revenue Bonds, Series A 5.00%, 07/01/28		4,272,762
	1,035,000	King County Refunding GO 5.00%, 07/01/25		1,217,791
	5,395,000	King County Refunding GO 5.00%, 07/01/26		6,338,586
	9,000,000	King County School District No 411 Issaquah School Improvement GO, (School Board GTY) 5.00%, 12/01/32		10,937,970

Principal Amount			Value
Washington (continued)
$	3,000,000	King County School District No 411 Issaquah School Improvement GO, (School Board GTY) 5.00%, 12/01/33	$	3,634,470
	1,180,000	Nooksack Valley School District No 506 School Improvements GO, (School Board GTY) 5.00%, 12/01/24		1,379,809
	1,000,000	Pierce County School District No 402 Franklin Pierce School Improvements GO, (School Board GTY) 5.00%, 12/01/30		1,222,450
	750,000	Port of Seattle Inter Lien Refunding Revenue Bonds 5.00%, 02/01/27		891,308
	5,000,000	Port of Seattle Refunding GO 5.00%, 06/01/24		5,804,150
	4,000,000	Port of Seattle WA Refunding GO, Series A 5.00%, 11/01/21		4,330,840
	1,120,000	Skagit County Consolidated School District No 320 Mount Vernon School Improvements Refunding GO, (School Board GTY) 5.00%, 12/01/23		1,283,307
	5,000,000	Snohomish County School District No 201 Refunding GO (School Board GTY) 5.00%, 12/01/25		5,787,050
	360,000	Spokane County School District No 354 Mead School Improvement GO, (School Board GTY) 5.00%, 12/01/22		402,055
	5,000,000	State of Washington Advance Refunding GO, Series R-2017A 5.00%, 08/01/27		6,074,950
	15,000,000	State of Washington Advance Refunding GO, Series R-2018C 5.00%, 08/01/25		17,905,050
	3,195,000	State of Washington Public Improvements GO, Series B 5.00%, 08/01/27		3,881,893
	800,000	State of Washington Refunding GO, Series R-2012C 5.00%, 07/01/23		882,440
	2,315,000	State of Washington School Improvements GO, Series C 5.00%, 02/01/27		2,846,431

Principal Amount			Value
Washington (continued)
$	3,250,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds 5.00%, 09/01/19	$	3,285,750
	3,100,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds, Series C 5.00%, 06/01/29		3,722,108
	4,435,000	Yakima County School District No 7 Yakima Advance Refunding GO, (School Board GTY) 5.00%, 12/01/24		5,214,318
				121,135,891
West Virginia — 0.2%
	5,000,000	West Virginia Commissioner of Highways Improvement Revenue Bonds, Series A 5.00%, 09/01/20(b)		5,218,750
Wisconsin — 1.6%
	5,000,000	Public Finance Authority Hospital Revenue Bonds, Series B 1.70%, 10/01/49(a)		5,000,000
	9,140,000	State of Wisconsin Advance Refunding GO, Series 3 5.00%, 11/01/28		11,216,334
	4,700,000	State of Wisconsin Clean Water Fund Leveraged Loan Portfolio Advance Refunding Revenue Bonds 5.00%, 06/01/29(b)		5,449,321
	14,000,000	State of Wisconsin Current Refunding Revenue Bonds, Series A 5.00%, 05/01/29		17,073,980
	1,200,000	State of Wisconsin General Fund Advance Refunding Revenue Bonds, Series B 5.00%, 05/01/27		1,447,344
	2,770,000	State of Wisconsin Refunding GO, Series 2 5.00%, 11/01/26		3,394,607
	860,000	State of Wisconsin Refunding Notes GO, Series A 5.00%, 05/01/28		1,014,258
				44,595,844
Total Municipal Bonds (Cost $2,700,199,693)				2,739,545,847

Principal Amount			Value
U.S. GOVERNMENT SECURITIES — 0.2%
U.S. Treasury Notes — 0.2%
$	5,800,000	2.00%, 08/15/2025	$	5,673,125
Total U.S. Government Securities (Cost $5,684,419)				5,673,125

Shares
INVESTMENT COMPANY — 3.4%
	98,828,778	SEI Daily Income Trust Government II Fund, Class A, 2.25%(c)		98,828,778
Total Investment Company (Cost $98,828,778)				98,828,778

TOTAL INVESTMENTS — 99.8% (Cost $2,804,712,890)			$	2,844,047,750
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.2%				4,555,358
NET ASSETS — 100.0%			$	2,848,603,108

(a)	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of April 30, 2019.
(b)	These securities are pre-refunded; the date shown represents the pre-refunded date. Bonds which are pre-refunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
(c)	The rate shown represents the current yield at April 30, 2019.

The following abbreviations are used in the report:

AGM — Assured Guaranty Municipal Corp.

COP — Certificates of Participation

GO — General Obligations

GTY — Guaranty

PSF-GTD — Permanent School Fund Guarantee

Q–SBLF — Qualified-School Bond Loan Fund

Portfolio diversification by State (Unaudited)

State	Percentage of Net Assets
Alabama		1.1	%
Arizona		1.1
California		3.7
Colorado		0.4
Connecticut		3.0
Delaware		1.4
District Of Columbia		0.4
Florida		2.5
Georgia		2.6
Hawaii		1.1
Idaho		0.1
Illinois		1.0
Indiana		0.1
Iowa		1.0
Kansas		0.7
Kentucky		0.6
Louisiana		0.1
Maine		0.1
Maryland		9.0
Massachusetts		6.9
Michigan		0.4
Minnesota		1.1
Mississippi		0.6
Missouri		0.8
Nevada		0.1
New Hampshire		0.4
New Jersey		0.8
New York		17.1
North Carolina		1.9
Ohio		3.4
Oklahoma		0.8
Oregon		1.0
Pennsylvania		0.7
Rhode Island		0.6
South Carolina		0.9
South Dakota		0.1
Tennessee		0.8
Texas		16.9
Utah		0.1
Virginia		4.7
Washington		4.3
West Virginia		0.2
Wisconsin		1.6
Other*		3.8
		100.0	%

*	Includes cash and equivalents, U.S. Government Securities, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
MUNICIPAL BONDS — 97.7%
California — 97.3%
$	1,000,000	Abag Finance Authority for Nonprofit Corps Odd fellows Home CA Refunding Revenue Bonds, Series A 5.00%, 04/01/23	$	1,128,440
	175,000	Alameda County Joint Powers Authority Refunding Revenue Bonds 5.00%, 12/01/20		185,010
	150,000	Allan Hancock Joint Community College District/CA University & College Improvements GO, Series E 5.00%, 08/01/28		191,820
	2,040,000	Bay Area Toll Authority Pre-refunded Highway Improvements Revenue Bonds, Subseries S-4 5.00%, 04/01/38(a)		2,316,216
	6,000,000	Bay Area Toll Authority Pre-refunded Highway Improvements Revenue Bonds, Subseries S-4 5.00%, 04/01/43(a)		6,812,400
	24,695,000	Bay Area Toll Authority Pre-refunded Highway Improvements Revenue Bonds, Subseries S-4 5.25%, 04/01/48(a)		28,273,059
	100,000	Bay Area Toll Authority San Francisco Bay Area Subordinate Transportation Advance Refunding Revenue Bonds 5.00%, 04/01/22		110,269
	125,000	Bay Area Toll Authority San Francisco Bay Area Subordinate Transportation Advance Refunding Revenue Bonds 5.00%, 04/01/23		142,125
	6,000,000	Bay Area Toll Authority San Francisco Bay Area Subordinate Transportation Advance Refunding Revenue Bonds 2.00%, 04/01/53(b)		6,039,420
	110,000	Brentwood Infrastructure Financing Authority Refunding Revenue Bonds 5.00%, 07/01/24		128,906
	150,000	Cabrillo Community College District Refunding GO 5.00%, 08/01/23		167,211

Principal Amount			Value
California (continued)
$	100,000	Cabrillo Community College District Refunding GO 5.00%, 08/01/24	$	111,371
	930,000	Cabrillo Community College District Refunding GO 5.00%, 08/01/27		1,030,756
	500,000	California Educational Facilities Authority Advance Refunding Revenue Bonds 5.00%, 01/01/27		608,975
	1,550,000	California Educational Facilities Authority Refunding Revenue Bonds 5.00%, 10/01/23		1,789,878
	275,000	California Health Facilities Financing Authority Current Refunding Revenue Bonds 5.00%, 11/15/22		308,963
	100,000	California Health Facilities Financing Authority Current Refunding Revenue Bonds 5.00%, 11/15/25		121,665
	125,000	California Infrastructure & Economic Development Bank University & College Improvements Revenue Bonds 5.00%, 05/15/23		142,160
	150,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/22		167,906
	250,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/23		288,225
	100,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/23		115,289
	150,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/26		187,191
	740,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/27		909,556
	125,000	California Infrastructure & Economic Development Bank Water Utility Improvements Green Bond 5.00%, 10/01/27		159,248

Principal Amount			Value
California (continued)
$	100,000	California Municipal Finance Authority Advance Refunding Anaheim Water System Project Revenue Bonds, Series A 5.00%, 10/01/24	$	118,289
	100,000	California Municipal Finance Authority Advance Refunding Revenue Bonds 5.00%, 08/15/23		114,875
	2,200,000	California Municipal Finance Authority Nursing Homes NCROC-Paradise Valley Estate Revenue Bonds 2.25%, 07/01/25		2,205,192
	1,085,000	California Municipal Finance Authority Pre-refunding Revenue Bonds 6.35%, 12/01/31(a)		1,168,122
	415,000	California Municipal Finance Authority Pre-refunding Revenue Bonds 6.80%, 12/01/36(a)		449,632
	160,000	California Municipal Finance Authority Retirement Facilities California Armenian Home Project Revenue Bonds 5.00%, 05/15/22		176,298
	100,000	California Municipal Finance Authority Retirement Facilities Revenue Bonds 5.00%, 04/01/23		113,659
	125,000	California Municipal Finance Authority Retirement Facilities Revenue Bonds 5.00%, 04/01/24		146,109
	4,770,000	California State Current Refunding GO 5.00%, 08/01/27		5,610,665
	250,000	California State Public Works Board Correctional Facilities Improvements Revenue Bonds, Series C 5.00%, 11/01/23		285,963
	460,000	California State Public Works Board Correctional Facilities Improvements Revenue Bonds, Series C 5.00%, 11/01/24		539,217
	100,000	California State Public Works Board Correctional Facilities Improvements, Series A 5.00%, 11/01/25		119,705
	200,000	California State Public Works Board Correctional Facilities Improvements, Series C 5.00%, 11/01/27		248,382

Principal Amount			Value
California (continued)
$	150,000	California State Public Works Board Public Improvements Revenue Bonds, Series G 5.00%, 11/01/22	$	167,025
	200,000	California State Public Works Board Refunding Revenue Bonds, Series B (NATL-RE) 5.00%, 06/01/19		200,570
	325,000	California State Public Works Board Refunding Revenue Bonds, Series F 5.00%, 05/01/26		382,691
	100,000	California State Public Works Board, Advance Refunding Revenue Bonds 5.00%, 11/01/26		122,077
	135,000	California State University Current Refunding Revenue Bonds, Series A 5.00%, 11/01/19		137,441
	1,000,000	California State University Current Refunding Revenue Bonds, Series A 5.00%, 11/01/24		1,118,560
	250,000	California State University Current Refunding Revenue Bonds, Series A 5.00%, 11/01/25		295,935
	120,000	California State University Current Refunding Revenue Bonds, Series C 5.00%, 11/01/21		130,418
	250,000	California State University University & College Improvements Current Refunding Revenue Bonds, Series A 5.00%, 11/01/23		288,190
	400,000	California State University University & College Improvements Refunding Revenue Bonds, Series A 5.00%, 11/01/24		413,928
	150,000	California Statewide Communities Development Authority 5.00%, 08/15/23		171,306
	150,000	California Statewide Communities Development Authority Advance Refunding Revenue Bonds 5.00%, 08/15/25		179,702
	100,000	California Statewide Communities Development Authority Nursing Homes Retirement Facilities Revenue Bonds 5.00%, 07/01/28		125,727

Principal Amount			Value
California (continued)
$	1,180,000	City & County of San Francisco CA Current Refunding School Improvements, Series R1 5.00%, 09/01/22	$	1,316,715
	325,000	City & County of San Francisco CA Public Improvements GO, Series B 5.00%, 06/15/22		360,237
	100,000	City & County of San Francisco CA Refunding COP 5.00%, 04/01/21		106,793
	150,000	City & County of San Francisco CA Refunding COP 5.00%, 04/01/23		170,243
	1,475,000	City & County of San Francisco CA Refunding GO, Series R1 5.00%, 06/15/22		1,611,526
	2,500,000	City & County of San Francisco CA Refunding Public Improvements COP 5.00%, 04/01/23		2,838,400
	100,000	City of Los Angeles CA Wastewater System Revenue Advance Refunding Revenue Bonds, Subseries A 5.00%, 06/01/24		117,253
	100,000	City of Los Angeles CA Wastewater System Revenue Green Bond, Subseries A 5.00%, 06/01/27		125,581
	2,550,000	City of Los Angeles CA Wastewater System Revenue Refunding Revenue Bonds, Subseries A 5.00%, 06/01/25		2,904,731
	3,645,000	City of Los Angeles Department of Airports Current Refunding Revenue Bonds, Series C 5.00%, 05/15/23		4,166,928
	1,500,000	City of Los Angeles Department of Airports Current Refunding Revenue Bonds, Series C 5.00%, 05/15/24		1,763,100
	200,000	City of Los Angeles Department of Airports Port Airport & Marina Improvements Refunding Revenue Bonds 5.00%, 05/15/24		235,080
	100,000	City of Los Angeles Department of Airports Port Airport & Marina Improvements Refunding Revenue Bonds 5.00%, 05/15/25		120,639
	6,800,000	City of Marysville CA, Health Improvements, Pre-refunded Revenue Bonds, OID 5.25%, 01/01/37(a)		7,224,320

Principal Amount			Value
California (continued)
$	275,000	City of Palo Alto CA Parking Facility Improvement COP, Series A 5.00%, 11/01/23	$	317,787
	150,000	City of Palo Alto CA Parking Facility Improvement COP, Series A 5.00%, 11/01/24		178,083
	200,000	City of Palo Alto CA Parking Facility Improvement COP, Series A 5.00%, 11/01/25		242,828
	100,000	City of Roseville CA Water Utility Revenue Advance Refunding COP 5.00%, 12/01/23		115,681
	150,000	City of Sacramento CA Wastewater Revenue Sewer Improvement Revenue Bonds 5.00%, 09/01/25		181,794
	165,000	City of Sacramento CA Wastewater Revenue Sewer Improvement Revenue Bonds 5.00%, 09/01/26		204,506
	100,000	City of San Francisco CA Public Utilities Commission Water Revenue Advance Refunding Green Bond, Series D 5.00%, 11/01/26		124,695
	200,000	City of Santa Rosa CA Wastewater Revenue Current Refunding Revenue Bonds, Series A 5.00%, 09/01/20		209,508
	450,000	City of Santa Rosa CA Wastewater Revenue Current Refunding Revenue Bonds, Series A 5.00%, 09/01/22		502,290
	150,000	Compton Community College District University & College Improvements GO, Series 2014-A (BAM) 4.00%, 08/01/19		150,948
	275,000	Contra Costa Water District Refunding Revenue Bonds, Series T 5.00%, 10/01/25		324,041
	425,000	County of Marin CA Advance Refunding Public Improvements 5.00%, 11/01/26		511,925
	150,000	County of Monterey CA Public Improvements COP 5.00%, 10/01/19		152,270

Principal Amount			Value
California (continued)
$	225,000	County of Sacramento CA Airport System Revenue Current Refunding Revenue Bonds, Subseries D 5.00%, 07/01/23	$	255,528
	225,000	County of Sacramento CA Airport System Revenue Current Refunding Revenue Bonds, Subseries D 5.00%, 07/01/26		273,805
	100,000	County of San Diego CA Refunding COP, Series A 5.00%, 10/15/25		118,065
	100,000	Cucamonga Valley Water District Financing Authority Current Refunding Revenue Bonds 5.00%, 09/01/24		118,255
	1,445,000	Desert Community College District Refunding GO 5.00%, 08/01/26		1,790,095
	200,000	East Bay Municipal Utility District Wastewater System Revenue Advance Refunding Revenue Bonds, Series A 5.00%, 06/01/22		221,806
	300,000	East Bay Municipal Utility District Wastewater System Revenue Advance Refunding Revenue Bonds, Series A 5.00%, 06/01/23		343,143
	225,000	East Bay Municipal Utility District Wastewater System Revenue Current Refunding Revenue Bonds, Series A 5.00%, 06/01/24		265,028
	150,000	East Bay Municipal Utility District Wastewater System Revenue Current Refunding Revenue Bonds, Series A 5.00%, 06/01/25		181,356
	115,000	East Bay Municipal Utility District Water System Revenue Pre-refunded Revenue Bonds, Subseries A 5.00%, 06/01/23(a)		119,448
	200,000	Los Angeles Community College District/CA Refunding GO, Series A 5.00%, 08/01/25		235,986
	1,100,000	Los Angeles Community College District/CA Refunding GO, Series A 5.00%, 08/01/29		1,289,420
	1,000,000	Los Angeles Community College District/CA University & College Improvements GO, Series 2008-F 5.00%, 08/01/24		1,147,510

Principal Amount			Value
California (continued)
$	850,000	Los Angeles County Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Senior Series B 5.00%, 07/01/25	$	971,601
	100,000	Los Angeles County Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series A 5.00%, 07/01/23		114,479
	125,000	Los Angeles County Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series A 5.00%, 07/01/24		147,231
	120,000	Los Angeles County Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series A 5.00%, 07/01/25		141,277
	800,000	Los Angeles County Metropolitan Transportation Authority Green Bond, Series A 5.00%, 07/01/23		915,840
	125,000	Los Angeles County Metropolitan Transportation Authority Refunding Revenue Bonds 5.00%, 07/01/21		134,626
	250,000	Los Angeles County Metropolitan Transportation Authority, Green Bond, Series A 5.00%, 07/01/22		277,890
	275,000	Los Angeles County Metropolitan Transportation Authority, Refunding Revenue Bonds 5.00%, 07/01/24		323,909
	250,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series A 5.00%, 07/01/23		285,765
	125,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series A 5.00%, 07/01/27		157,671
	2,065,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series A 5.00%, 07/01/23		2,330,476

Principal Amount			Value
California (continued)
$	150,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 01/01/22	$	163,844
	450,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 01/01/23		506,921
	600,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 01/01/24		696,330
	5,000,000	Los Angeles Department of Water & Power Power System Revenue Current Refunding Revenue Bonds, Series B 5.00%, 07/01/24		5,875,200
	330,000	Los Angeles Department of Water & Power Power System Revenue Electric Light & Power Improvements, Series D 5.00%, 07/01/21		355,120
	1,425,000	Los Angeles Department of Water & Power Power System Revenue Electric Light & Power Improvements, Series D 5.00%, 07/01/22		1,581,622
	100,000	Los Angeles Department of Water & Power Power System Revenue Electricity Light & Power Improvements Revenue Bonds, Series C 5.00%, 07/01/22		110,991
	195,000	Los Angeles Department of Water & Power Power System Revenue Unrefunded Revenue Bonds, Series A 5.00%, 07/01/22		210,060
	200,000	Los Angeles Department of Water Current Refunding Revenue Bonds, Series A 5.00%, 07/01/27		250,244
	200,000	Los Angeles Department of Water Water Utility Improvements Current Refunding Revenue Bonds, Series B 5.00%, 07/01/28		257,270
	100,000	Los Angeles Department of Water Water Utility Improvements Revenue Bonds Series A 5.00%, 07/01/28		127,273

Principal Amount			Value
California (continued)
$	1,800,000	Los Rios Community College District Refunding GO 5.00%, 08/01/27	$	1,992,600
	175,000	Marin Community College District Advance Refunding GO 5.00%, 08/01/23		201,205
	200,000	Metropolitan Water District of Southern California Refunding Revenue Bonds, Series B 5.25%, 07/01/24		201,278
	1,100,000	Mount San Antonio Community College District University & College Improvements GO, Series 2014-A 5.00%, 08/01/28		1,320,968
	275,000	Mount San Antonio Community College District University & College Improvements GO, Series 2018-A 5.00%, 08/01/27		347,212
	325,000	Nevada County Finance Authority Revenue Bonds 4.00%, 10/01/22		352,095
	450,000	Northern California Power Agency Hydroelectric Project Current Refunding Revenue Bonds, Series A 5.00%, 07/01/22		500,202
	125,000	Northern California Power Agency Hydroelectric Project Current Refunding Revenue Bonds, Series A 5.00%, 07/01/24		147,231
	210,000	Northern California Transmission Agency California-Oregon Project Advance Refunding Revenue Bonds 5.00%, 05/01/26		256,736
	160,000	Ohlone Community College District Advance Refunding GO 5.00%, 08/01/24		189,234
	100,000	Orange County Sanitation District Advance Refunding Revenue Bonds 5.00%, 02/01/26		122,781
	3,000,000	Orange County Sanitation District Advance Refunding Revenue Bonds, Series A 5.00%, 02/01/34		3,454,110
	150,000	Orange County Sanitation District Current Refunding Revenue Bonds, Series A 5.00%, 02/01/27		188,130

Principal Amount			Value
California (continued)
$	100,000	Orange County Water District Advance Refunding Revenue Bonds, Series A 5.00%, 08/15/27	$	125,111
	200,000	Orinda Union School District Current Refunding GO 5.00%, 10/15/19		203,310
	100,000	Otay Water District Financing Authority Current Refunding Revenue Bonds, Series A 5.00%, 09/01/27		126,111
	100,000	Palomar Community College District University & College Improvements GO, Series 2006-D 5.00%, 08/01/22		111,541
	200,000	Placer County Water Agency Current Refunding COP 5.00%, 07/01/22		222,312
	150,000	Placer County Water Agency Current Refunding COP 5.00%, 07/01/28		192,659
	150,000	Regents of the University of California Medical Center Pooled Revenue Advance Refunding Revenue Bonds, Series L 5.00%, 05/15/23		170,655
	1,145,000	Regents of the University of California Medical Center Pooled Revenue Current Refunding Revenue Bonds, Series L 5.00%, 05/15/24		1,337,933
	1,320,000	Regents of the University of California Medical Center Pooled Revenue Pre-refunded Revenue Bonds, Series J 5.00%, 05/15/24(a)		1,498,609
	6,150,000	Regents of the University of California Medical Center Pooled Revenue Pre-refunded Revenue Bonds, Series J 5.25%, 05/15/27(a)		7,042,119
	870,000	Riverside County Transportation Commission Pre-refunding Refunding Notes Highway Improvements, Series A 5.25%, 06/01/24(a)		1,001,266
	200,000	Sacramento County Sanitation Districts Financing Authority Current Refunding Revenue Bonds 5.00%, 08/01/25		242,294

Principal Amount			Value
California (continued)
$	1,030,000	San Diego Community College District Pre-refunded University & College Improvements GO 5.00%, 08/01/24(a)	$	1,113,162
	100,000	San Diego County Regional Transportation Commission Sales & Use Tax Refunding Revenue Bonds, Series A 5.00%, 04/01/25		117,041
	120,000	San Diego County Water Authority Financing Corp. Advance Refunding Revenue Bonds 5.00%, 05/01/22		132,704
	150,000	San Diego County Water Authority Financing Corp. Advance Refunding Revenue Bonds 5.00%, 05/01/23		171,035
	100,000	San Diego County Water Authority Financing Corp. Current Refunding Revenue Bonds, Series A 5.00%, 05/01/24(a)		101,783
	300,000	San Diego Public Facilities Financing Authority Advance Refunding Revenue Bonds, Series B 5.00%, 08/01/25		363,441
	1,115,000	San Diego Public Facilities Financing Authority Advance Refunding Revenue Bonds, Series B 5.00%, 08/01/28		1,371,617
	300,000	San Diego Public Facilities Financing Authority Refunding Revenue Bonds, Series A 5.00%, 08/01/23		344,118
	1,000,000	San Diego Public Facilities Financing Authority Refunding Revenue Bonds, Subseries A 5.00%, 08/01/31		1,102,650
	175,000	San Diego Regional Building Authority Advance Refunding Revenue Bonds, Series A 5.00%, 10/15/22		196,247
	100,000	San Diego Regional Building Authority County Operation Centre Current Advance Revenue Bonds, Series A 5.00%, 10/15/23		115,603
	150,000	San Dieguito Water District Current Refunding Revenue Bonds 4.00%, 10/01/19		151,652

Principal Amount			Value
California (continued)
$	500,000	San Francisco City & County Airport Comm-San Francisco International Airport Advance Refunding Current Revenue Bonds, Series A 5.00%, 05/01/23	$	568,650
	3,810,000	San Francisco City & County Airport Comm-San Francisco International Airport Advance Refunding Current Revenue Bonds, Series A 5.00%, 05/01/26		4,669,193
	2,400,000	San Francisco City & County Airport Comm-San Francisco International Airport Current Refunding Revenue Bonds 5.00%, 05/01/24		2,804,064
	1,095,000	San Francisco City & County Airport Comm-San Francisco International Airport Refunding Revenue Bonds, Series D 5.00%, 05/01/26		1,168,037
	7,000,000	San Francisco City & County Public Utilities Commission Wastewater Revenue Green Bond, Series C 2.13%, 10/01/48(b)		7,082,600
	200,000	San Francisco Municipal Transportation Agency Transit Improvements Revenue Bonds 5.00%, 03/01/23		226,998
	175,000	San Francisco Municipal Transportation Agency, Transit Improvements Revenue Bonds 5.00%, 03/01/26		214,660
	100,000	San Francisco Municipal Transportation Agency, Transit Improvements Revenue Bonds 5.00%, 03/01/27		125,381
	830,000	San Jose Evergreen Community College District Advance Refunding GO 5.00%, 09/01/24		984,339
	785,000	San Mateo County Community College District Refunding GO 5.00%, 09/01/24		876,492
	100,000	San Mateo Joint Powers Financing Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/15/24		117,907

Principal Amount			Value
California (continued)
$	100,000	San Mateo Joint Powers Financing Authority Public Facilities Health Improvements Capital Project Refunding Bonds, Series A 5.00%, 07/15/27	$	126,147
	100,000	San Mateo Joint Powers Financing Authority Public Improvements Capital Project Revenue Bonds, Series A 5.00%, 07/15/25		121,145
	705,000	San Mateo Joint Powers Financing Authority Refunding Revenue Bonds 5.00%, 06/15/22		782,120
	275,000	San Mateo Union High School District Refunding GO, Series C 5.00%, 09/01/24		326,293
	125,000	San Rafael Joint Powers Financing Authority Green Bonds Public Facilities 5.00%, 06/01/23		142,976
	1,000,000	San Ramon Valley Unified School District/CA School Improvements GO 5.00%, 08/01/24		1,183,270
	750,000	San Ramon Valley Unified School District/CA School Improvements GO 5.00%, 08/01/25		910,103
	100,000	Santa Clara County Financing Authority Public Facilities Revenue Bonds, Series A 5.00%, 04/01/22		110,299
	125,000	Santa Clara County Financing Authority Public Facilities Revenue Bonds, Series A 5.00%, 04/01/26		153,540
	300,000	Santa Clara County Financing Authority Public Facilities Revenue Bonds, Series A 5.00%, 04/01/27		376,266
	250,000	Santa Clara Unified School District Advance Refunding GO 5.00%, 07/01/22		278,135
	100,000	Santa Clara Unified School District Advance Refunding GO 5.00%, 07/01/25		117,839
	350,000	Santa Clara Unified School District Advance Refunding GO 5.00%, 07/01/23		401,447

Principal Amount			Value
California (continued)
$	245,000	Santa Clara Unified School District School Improvements GO 5.00%, 07/01/27	$	303,685
	175,000	Santa Clara Valley Water District Current Refunding COP, Series A 5.00%, 02/01/23		198,265
	100,000	Santa Clarita Community College District University & College Improvements GO 5.00%, 08/01/26		123,341
	300,000	Santa Monica Community College District University & College Improvements GO, Series 2004-C 5.25%, 08/01/20(a)		302,838
	150,000	Santa Monica Public Financing Authority Current Refunding Revenue Bonds 5.00%, 07/01/25		180,854
	100,000	Southern California Public Power Authority Advance Refunding Revenue Bonds, Series C 5.00%, 07/01/25		119,477
	225,000	Southern California Public Power Authority Electricity Light & Power Improvements Mead-Pheonix Project Revenue Bonds 5.00%, 07/01/26		275,186
	100,000	State of California (Other Revenue LOC) Advance Refunding GO 5.00%, 09/01/22		111,033
	125,000	State of California Advance Refunding GO 5.00%, 11/01/23		143,156
	325,000	State of California Advance Refunding GO 5.00%, 09/01/25		388,892
	200,000	State of California Advance Refunding GO 5.00%, 09/01/26		244,472
	1,345,000	State of California Advance Refunding GO, Series B 5.00%, 09/01/23		1,533,650
	125,000	State of California Current Refunding GO 5.00%, 02/01/22		136,446
	2,170,000	State of California Current Refunding GO 5.00%, 03/01/23		2,441,293
	3,310,000	State of California Current Refunding GO 5.00%, 08/01/24		3,861,810

Principal Amount			Value
California (continued)
$	4,855,000	State of California Current Refunding GO 5.00%, 11/01/24	$	5,560,189
	2,000,000	State of California Current Refunding GO 5.00%, 10/01/25		2,397,720
	1,000,000	State of California Current Refunding GO 5.00%, 10/01/25		1,171,530
	2,355,000	State of California Current Refunding GO 5.00%, 08/01/26		2,874,018
	6,065,000	State of California Current Refunding GO 5.00%, 10/01/26		7,088,166
	1,000,000	State of California Current Refunding GO 5.00%, 04/01/27		1,235,780
	200,000	State of California Department of Water Resources Advance Refunding Revenue Bonds, Series AX 5.00%, 12/01/21		218,458
	100,000	State of California Department of Water Resources Advance Refunding Revenue Bonds, Series AX 5.00%, 12/01/27		127,639
	150,000	State of California Department of Water Resources Central Valley Project Current Refunding Revenue Bonds 5.00%, 12/01/22		169,029
	100,000	State of California Department of Water Resources Central Valley Project Current Refunding Revenue Bonds 5.00%, 12/01/24		119,217
	1,300,000	State of California Department of Water Resources Power Supply Revenue Advance Refunding Revenue Bonds, Series O 5.00%, 05/01/22		1,438,034
	100,000	State of California Department of Water Resources Power Supply Revenue Refunding Revenue Bonds, Series N 5.00%, 05/01/21		107,107
	150,000	State of California Department of Water Resources Power Supply Revenue Refunding Revenue Bonds, Series N 5.00%, 05/01/20		155,405

Principal Amount			Value
California (continued)
$	8,880,000	State of California Department of Water Resources Pre-refunded Water Utility Improvements Refunding Revenue Bonds, Series AQ 4.00%, 12/01/30(a)	$	9,799,968
	300,000	State of California Department of Water Resources Refunding Revenue Bonds, Series AS 5.00%, 12/01/25		358,005
	125,000	State of California Department of Water Resources Refunding Revenue Bonds, Series AV 5.00%, 12/01/27		154,023
	5,000,000	State of California Department of Water Resources Refunding Revenue Bonds, Series BA 5.00%, 12/01/23		5,798,500
	1,000,000	State of California Multi Utility Improvements GO 5.00%, 10/01/25		1,198,860
	15,000,000	State of California Multi Utility Improvements GO 5.00%, 10/01/26		18,364,800
	3,000,000	State of California Refunding GO 5.00%, 04/01/24		3,471,090
	100,000	State of California Water Utility Improvements GO 6.00%, 11/01/39		102,215
	150,000	State of California Water Utility Improvements GO, OID 5.50%, 11/01/39		152,819
	19,415,000	University of California (College and University Revenue LOC) Refunding Revenue Bonds, Series AK 5.00%, 05/15/48(b)		22,023,211
	1,955,000	University of California Advance Refunding Revenue Bonds, Series AY 5.00%, 05/15/24		2,286,490
	995,000	University of California Current Pre-refunded Refunding Revenue Bonds, Series AF 5.00%, 05/15/24(a)		1,133,822
	1,270,000	University of California Current Pre-refunded Refunding Revenue Bonds, Series AF 5.00%, 05/15/26(a)		1,447,190
	465,000	University of California Current Refunding Revenue Bonds, Series AF 5.00%, 05/15/20		482,600
	1,000,000	University of California Current Revenue Bonds, Series I 5.00%, 05/15/23		1,136,860

Principal Amount			Value
California (continued)
$	200,000	University of California University & College Improvements Refunding Revenue Bonds, Series BB 5.00%, 05/15/25	$	239,998
	100,000	University of California University & College Improvements Revenue Bonds, Series AM 5.00%, 05/15/26		117,061
	1,775,000	University of California University & College Improvements Revenue Bonds, Series M 5.00%, 05/15/29		2,201,586
	275,000	University of California University & College Improvements Unrefunded Revenue Bonds, Series S 5.00%, 05/15/20		275,811
	130,000	University of California Unrefunded Limited Project Current Refunding Revenue Bonds, Series G 5.00%, 05/15/23		143,568
	125,000	Ventura County Community College District Advance Refunding GO 5.00%, 08/01/24		147,354
	425,000	Ventura County Public Financing Authority Advance Refunding Revenue Bonds 5.00%, 11/01/24		503,583
	460,000	Ventura County Public Financing Authority Advance Refunding Revenue Bonds 5.00%, 11/01/26		569,917
	100,000	Walnut Energy Center Authority Current Refunding Revenue Bonds 5.00%, 01/01/23		112,703
	250,000	West Valley-Mission Community College District Current Refunding GO, Series A 5.00%, 08/01/27		315,208
	100,000	William S Hart Union High School District Advance Refunding GO 5.00%, 08/01/24		117,883
	125,000	Yosemite Community College District Current Refunding GO 5.00%, 08/01/25		150,854
				271,568,049

Principal Amount			Value
North Carolina — 0.4%
$	1,000,000	State of North Carolina Public Improvements GO, Series A 5.00%, 06/01/26	$	1,219,410
Total Municipal Bonds (Cost $269,778,523)				272,787,459

Shares
INVESTMENT COMPANY — 3.3%
	9,101,294	SEI Daily Income Trust Government II Fund, Class A, 2.25%(c)		9,101,294
Total Investment Company (Cost $9,101,294)				9,101,294

TOTAL INVESTMENTS — 101.0% (Cost $278,879,817)			$	281,888,753
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.0)%				(2,715,166	)
NET ASSETS — 100.0%			$	279,173,587

(a)	These securities are pre-refunded; the date shown represents the pre-refunded date. Bonds which are pre-refunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
(b)	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of April 30, 2019.
(c)	The rate shown represents the current yield as of April 30, 2019.

The following abbreviations are used in the report:

COP — Certificates of Participation
GO — General Obligations

NATL-RE — Insured by National Public Finance Guarantee Corp.
OID — Original Issue Discount

Portfolio Diversification by Sector (Unaudited)

State	Percentage of Net Assets
California		97.3	%
North Carolina		0.4
Other*		2.3
		100.0	%

*	Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
MUNICIPAL BONDS — 95.9%

New York — 95.9%
$	100,000	Build NYC Resource Corp. Refunding Revenue Bonds, Series A 5.00%, 06/01/24	$	116,454
	225,000	City of New York Advance Refunding GO, Series 2015-A 5.00%, 08/01/24		261,772
	350,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/22		386,981
	150,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/22		165,849
	200,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/23		227,110
	125,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/23		141,944
	10,000,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/24		11,634,300
	5,000,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/25		5,955,250
	1,515,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/27		1,783,079
	100,000	City of New York Advance Refunding GO, Series C 5.00%, 08/01/28		122,063
	125,000	City of New York Advance Refunding GO, Series D 5.00%, 08/01/24		145,429
	100,000	City of New York Advance Refunding GO, Series E 5.00%, 08/01/24		116,343
	225,000	City of New York Public Improvements GO, Series 1 5.00%, 08/01/21		241,785
	255,000	City of New York Public Improvements GO, Series 1 5.00%, 08/01/23		289,565
	200,000	City of New York Public Improvements GO, Sub-Series F-1 5.00%, 04/01/23		225,120
	100,000	City of New York Public Improvements GO, Sub-Series F-1 5.00%, 03/01/24		112,065
	100,000	City of New York Public Improvements GO, Sub-Series F-3 5.00%, 12/01/23(a)		114,533

Principal Amount			Value
New York (continued)
$	200,000	City of New York Public Improvements GO, Sub-Series F-3 5.00%, 12/01/25(a)	$	240,394
	275,000	City of New York Refunding Cash Flow Management GO Notes, Series 1 5.00%, 08/01/22(a)		304,057
	100,000	City of New York Refunding GO, Series B 4.00%, 08/01/19		100,599
	1,100,000	City of New York Refunding GO, Series B 5.00%, 08/01/21		1,182,060
	300,000	City of New York Refunding GO, Series B 5.00%, 08/01/25		357,903
	400,000	City of New York Refunding GO, Series C 5.00%, 08/01/27		479,856
	200,000	City of New York Refunding GO, Series D 5.00%, 08/01/22		221,132
	1,500,000	City of New York Refunding GO, Series F 5.00%, 08/01/22		1,633,965
	100,000	City of New York Refunding GO, Series F 5.00%, 08/01/29		108,517
	17,910,000	City of New York Refunding GO, Series F 5.00%, 08/01/30		19,419,634
	1,035,000	City of New York Refunding GO, Series H 5.00%, 08/01/22		1,144,358
	150,000	City of New York Refunding GO, Series J 5.00%, 08/01/22		165,849
	325,000	City of New York Refunding GO, Series J 5.00%, 08/01/24		378,115
	100,000	City of New York Refunding GO, Sub-Series H-3 5.00%, 08/01/23(a)		113,555
	350,000	County of Westchester NY Recreation Facilities Improvements GO, Series A 5.00%, 07/01/21		376,642
	350,000	County of Westchester NY Recreation Facilities Improvements GO, Series A 5.00%, 07/01/22		388,931
	100,000	County of Westchester NY Recreation Facilities Improvements GO, Series A 5.00%, 07/01/23		114,393

Principal Amount			Value
New York (continued)
$	110,000	County of Westchester NY Sewer Improvements GO, Series C 5.00%, 07/01/22	$	122,235
	375,000	Erie County Fiscal Stability Authority Advance Refunding Revenue Bonds 5.00%, 09/01/22		417,281
	150,000	Erie County Fiscal Stability Authority Public Improvements Revenue Bonds, Series A 5.00%, 03/15/22		164,640
	300,000	Erie County Industrial Development Agency (The) City School District of the City of Buffalo Project Advance Refunding Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/23		340,440
	125,000	Erie County Industrial Development Agency (The) City School District of the City of Buffalo Project Advance Refunding Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/24		145,651
	100,000	Erie County Industrial Development Agency (The) Refunding Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/21		106,923
	100,000	Erie County Industrial Development Agency (The) School Improvements City School District of the City of Buffalo Project Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/22		106,649
	500,000	Long Island Power Authority Electric System General Revenue Bonds 5.00%, 09/01/25		596,640
	4,000,000	Long Island Power Authority Electric System General Revenue Bonds, Series B 5.00%, 09/01/27		4,843,400
	4,000,000	Long Island Power Authority Refunding Revenue Bonds, Series B 5.00%, 09/01/25		4,390,120
	900,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series B 5.00%, 11/15/25		1,062,414

Principal Amount			Value
New York (continued)
$	125,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series D 5.00%, 11/15/24	$	144,729
	225,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series D 5.00%, 11/15/26		270,308
	100,000	Metropolitan Transportation Authority Advance Refunding Revenue Bonds, Series F 5.00%, 11/15/23		113,467
	700,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series D 5.00%, 11/15/23		773,682
	2,225,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series D 5.00%, 11/15/28		2,454,553
	1,500,000	Metropolitan Transportation Authority Current Refunding Revenue Bonds, Series F 5.00%, 11/15/30		1,649,445
	150,000	Metropolitan Transportation Authority Green Bond Refunding Revenue Bonds, Series A2 5.00%, 11/15/25		177,069
	2,570,000	Metropolitan Transportation Authority Green Bond Revenue Bonds 5.00%, 11/15/23		2,959,612
	250,000	Metropolitan Transportation Authority Green Bond Revenue Bonds 5.00%, 11/15/27		312,693
	3,000,000	Metropolitan Transportation Authority Green Bond Revenue Bonds 5.00%, 11/15/28		3,728,190
	250,000	Metropolitan Transportation Authority Green Bond Revenue Bonds, Series C-1 5.00%, 11/15/23		283,670
	375,000	Metropolitan Transportation Authority Green Bond Revenue Bonds, Sub-Series B-2 5.00%, 11/15/26		463,163
	150,000	Metropolitan Transportation Authority Prerefunded Transit Improvements Revenue Bonds, Series C 5.00%, 11/15/25		177,090

Principal Amount			Value
New York (continued)
$	1,600,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series A 5.00%, 11/15/25	$	1,780,608
	5,000,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series A 5.00%, 11/15/29		5,548,050
	525,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series A-2 5.00%, 11/15/48(b)		579,128
	2,500,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series B-1 5.00%, 11/15/29(a)		2,832,050
	100,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series D-1 5.00%, 11/01/23(a)		110,415
	8,000,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series D-1 5.00%, 11/01/27(a)		8,820,080
	150,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series B 5.00%, 11/15/20		157,403
	100,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series C 5.00%, 11/15/22		110,779
	150,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Sub-Series A-1 5.00%, 11/15/25		175,494
	375,000	Metropolitan Transportation Authority Transportation Green Bond Advance Refunding Revenue Bonds 5.00%, 11/15/22		415,421
	600,000	Metropolitan Transportation Authority Transportation Green Bond Advance Refunding Revenue Bonds 5.00%, 11/15/23		680,808
	100,000	Metropolitan Transportation Authority Transportation Green Bond Advance Refunding Revenue Bonds 5.00%, 11/15/26		120,137

Principal Amount			Value
New York (continued)
$	2,000,000	Monroe County Industrial Development Agency School Improvements Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/22	$	2,199,960
	100,000	Monroe County Industrial Development Agency School Improvements Revenue Bonds, (State Aid Withholding) 5.00%, 05/01/24		116,207
	300,000	Nassau County Sewer & Storm Water Finance Authority Refunding Revenue Bonds, Series A 5.00%, 10/01/24		354,354
	3,000,000	New York City Housing Development Corp. Series L 2.75%, 05/01/50(b)		3,045,960
	250,000	New York City Transitional Finance Authority Building Aid Revenue Advance Refunding Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/23		284,118
	100,000	New York City Transitional Finance Authority Building Aid Revenue Advance Refunding Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/25		119,385
	100,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S, (State Aid Withholding) 5.00%, 07/15/24		116,765
	200,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 4.00%, 07/15/19		201,016
	2,000,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 02/15/21		2,151,980

Principal Amount			Value
New York (continued)
$	150,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/25	$	176,742
	125,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/26		150,359
	8,000,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/28		8,805,120
	1,075,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-2A, (State Aid Withholding) 5.00%, 07/15/25		1,283,389
	150,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-3, (State Aid Withholding) 5.00%, 07/15/28		189,174
	125,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-3A, (State Aid Withholding) 5.00%, 07/15/23		142,059
	250,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-3A, (State Aid Withholding) 5.00%, 07/15/24		291,913
	100,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-4A, (State Aid Withholding) 5.00%, 07/15/23		113,647
	525,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-4A, (State Aid Withholding) 5.00%, 07/15/24		613,016

Principal Amount			Value
New York (continued)
$	150,000	New York City Transitional Finance Authority Building Aid Revenue Refunding Revenue Bonds, Sub-Series S-4A, (State Aid Withholding) 5.00%, 07/15/27	$	185,735
	1,000,000	New York City Transitional Finance Authority Building Aid Revenue School Improvements Revenue Bonds, Series- S1, (State Aid Withholding) 5.00%, 07/15/22		1,105,600
	330,000	New York City Transitional Finance Authority Building Aid Revenue Unrefunded Advance Refunding Revenue Bonds, Series S-1, (State Aid Withholding) 5.00%, 07/15/22		364,848
	100,000	New York City Transitional Finance Authority Future Tax Secured Advance Refunding Revenue Bonds, Series C 5.00%, 11/01/19		101,711
	475,000	New York City Transitional Finance Authority Future Tax Secured Advance Refunding Revenue Bonds, Series C 5.00%, 11/01/23		544,440
	250,000	New York City Transitional Finance Authority Future Tax Secured Advance Refunding Revenue Bonds, Series C 5.00%, 11/01/24		293,628
	100,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds 5.00%, 08/01/23		113,863
	4,755,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds 5.00%, 08/01/24		5,550,321
	1,000,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, Series A-1 5.00%, 08/01/21		1,075,060
	225,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, Sub-Series B-1 5.00%, 08/01/26		274,759

Principal Amount			Value
New York (continued)
$	300,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, Sub-Series E-1 5.00%, 02/01/22	$	327,387
	150,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, Sub-Series F-1 5.00%, 05/01/23		169,659
	200,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, Sub-Series FI 5.00%, 08/01/25		233,014
	100,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Unrefunded Revenue Bonds 5.00%, 11/01/25		115,791
	150,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series B 5.00%, 11/01/21		162,483
	5,000,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series C 5.00%, 11/01/23		5,730,950
	400,000	New York City Transitional Finance Authority Public Improvements Revenue Bonds 5.00%, 11/01/22		446,120
	600,000	New York City Transitional Finance Authority Public Improvements Revenue Bonds, Series C-1 5.00%, 05/01/23		678,636
	300,000	New York City Transitional Finance Authority Public Improvements Revenue Bonds, Series C-1 5.00%, 05/01/24		347,997
	350,000	New York City Transitional Finance Authority Public Improvements Revenue Bonds, Sub-Series B-1 5.00%, 08/01/23		398,524
	200,000	New York City Water & Sewer System Current Refunding Revenue 5.00%, 06/15/24		234,316

Principal Amount			Value
New York (continued)
$	7,500,000	New York City Water & Sewer System Refunding Revenue Bonds 5.00%, 06/15/28	$	8,889,150
	2,000,000	New York City Water & Sewer System Refunding Revenue Bonds, Series DD-2 5.00%, 06/15/25		2,303,500
	150,000	New York City Water & Sewer System Refunding Revenue Bonds, Series FF 5.00%, 06/15/25		180,170
	1,500,000	New York City Water & Sewer System Refunding Revenue Bonds, Series FF 5.00%, 06/15/27		1,785,255
	125,000	New York City Water & Sewer System Refunding Revenue Bonds, Series GG 5.00%, 06/15/25		150,141
	1,040,000	New York City Water & Sewer System Refunding Revenue Bonds, Series HH 5.00%, 06/15/31		1,112,498
	450,000	New York City Water & Sewer System Refunding Revenue Bonds, Sub-Series BB-2 5.00%, 06/15/29		553,532
	390,000	New York State Dormitory Authority Advance Refunding Revenue Bonds 5.00%, 07/01/23		442,748
	255,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/22		279,439
	150,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/01/22		165,603
	625,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 02/15/23		702,763
	500,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/01/24		585,390
	8,170,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 02/15/25		9,663,558
	1,000,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/01/26		1,229,760

Principal Amount			Value
New York (continued)
$	4,215,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 02/15/29	$	5,137,200
	1,600,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A 5.00%, 07/01/29		1,876,080
	100,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series D 5.00%, 02/15/24		115,333
	525,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E 5.00%, 03/15/24		606,785
	100,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E 5.00%, 03/15/25		118,518
	100,000	New York State Dormitory Authority Master BOCES Program Advance Refunding Revenue Bonds, (State Appropriation) 5.00%, 08/15/27		123,127
	150,000	New York State Dormitory Authority Mental Health Services Facilities Improvement Refunding Revenue Bonds, Series A, (State Appropriation) 5.00%, 08/15/23		156,431
	650,000	New York State Dormitory Authority Public Improvement Revenue Bonds, Series B 5.00%, 02/15/23		730,873
	125,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series 2015B-A 5.00%, 03/15/24		144,726
	150,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series 2015B-B 5.00%, 03/15/26		180,380
	10,335,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series 2015B-B 5.00%, 03/15/29		12,273,433
	675,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series A 5.00%, 03/15/23		761,846

Principal Amount			Value
New York (continued)
$	2,100,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series A 5.00%, 03/15/24	$	2,431,401
	100,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series A 5.00%, 03/15/26		121,838
	350,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series B 5.00%, 02/15/25		413,984
	100,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series B 5.00%, 02/15/26		120,893
	125,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series B 5.00%, 02/15/27		153,728
	5,000,000	New York State Dormitory Authority Public Improvements Revenue Bonds, Series B 5.00%, 02/15/28		5,884,700
	100,000	New York State Dormitory Authority Refunding Revenue Bonds, Series 1, (State Aid Withholding) 5.00%, 01/15/23		112,177
	200,000	New York State Dormitory Authority Refunding Revenue Bonds, Series 1, (State Aid Withholding) 5.00%, 01/15/25		236,312
	200,000	New York State Dormitory Authority Refunding Revenue Bonds, Series 1, (State Aid Withholding) 5.00%, 01/15/27		246,520
	125,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 12/15/22		139,896
	3,000,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 07/01/24		3,394,110
	150,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 12/15/24		167,705

Principal Amount			Value
New York (continued)
$	1,025,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 02/15/26	$	1,180,575
	1,600,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 07/01/26		1,804,000
	5,500,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A 5.00%, 07/01/29		6,435,110
	350,000	New York State Dormitory Authority Refunding Revenue Bonds, Series C 5.00%, 03/15/25		404,324
	400,000	New York State Dormitory Authority Refunding Revenue Bonds, Series E 5.00%, 02/15/24		461,336
	350,000	New York State Dormitory Authority School Improvements Bidding Group 1 Revenue Bonds, Series C 5.00%, 03/15/23		395,031
	625,000	New York State Dormitory Authority School Improvements Bidding Group 2 Revenue Bonds, Series C 5.00%, 03/15/24		723,631
	7,295,000	New York State Dormitory Authority School Improvements Bidding Group 2 Revenue Bonds, Series C 5.00%, 03/15/25		8,677,330
	125,000	New York State Dormitory Authority School Improvements Group 1 Revenue Bonds, Series A 5.00%, 03/15/24		144,726
	125,000	New York State Dormitory Authority School Improvements Group 1 Revenue Bonds, Series A 5.00%, 03/15/27		154,683
	100,000	New York State Dormitory Authority School Improvements Group 1 Revenue Bonds, Series E 5.00%, 03/15/23		112,865
	2,500,000	New York State Dormitory Authority School Improvements Income Tax Revenue Bonds, Series A 5.00%, 02/15/28		3,027,050

Principal Amount			Value
New York (continued)
$	9,420,000	New York State Dormitory Authority School Improvements Revenue Bonds, Series A 5.00%, 03/15/23	$	10,616,811
	1,305,000	New York State Dormitory Authority School Improvements Revenue Bonds, Series A 5.00%, 03/15/24		1,508,293
	425,000	New York State Dormitory Authority School Improvements Revenue Bonds, Series A 5.00%, 02/15/26		513,795
	150,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 07/01/22		166,044
	140,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 07/01/24		163,758
	2,525,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 07/01/25		3,029,546
	100,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 07/01/25		119,982
	1,025,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 03/15/26		1,184,090
	1,750,000	New York State Dormitory Authority University and College Improvements Revenue Bonds, Series A 5.00%, 07/01/26		2,140,145
	150,000	New York State Dormitory Authority University of New York Dormitory Facilities Student Housing Revenue Bonds, Series A 4.00%, 07/01/19		150,600
	200,000	New York State Dormitory Authority University of New York Dormitory Facilities Student Housing Revenue Bonds, Series A 5.00%, 07/01/22		220,804

Principal Amount			Value
New York (continued)
$	145,000	New York State Dormitory Authority Unrefunded Refunding Revenue Bonds 5.00%, 07/01/21	$	150,738
	5,905,000	New York State Dormitory AuthoritySchool Improvements Revenue Bonds, Series A 5.00%, 03/15/27		7,273,070
	100,000	New York State Environmental Facilities Corp. Green Bond Revenue Bonds 5.00%, 03/15/23		113,267
	100,000	New York State Environmental Facilities Corp. Green Bond Revenue Bonds, Series C 5.00%, 02/15/27		124,768
	175,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds 5.00%, 06/15/22		193,974
	100,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds 5.00%, 06/15/22		110,841
	475,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds 5.00%, 06/15/27		537,391
	6,250,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds 5.00%, 06/15/28		7,258,813
	100,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds, Series A 5.00%, 06/15/22		110,841
	275,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds, Series A 5.00%, 06/15/24		322,333
	125,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds, Sub-Series A 5.00%, 06/15/21		134,243
	3,000,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds 5.00%, 06/15/23		3,422,310
	985,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds 5.00%, 06/15/24		1,154,538

Principal Amount			Value
New York (continued)
$	550,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds 5.00%, 06/15/24	$	644,666
	300,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds, Subordinated SRF Bonds 5.00%, 06/15/19		301,245
	100,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds, Subordinated SRF Bonds 5.00%, 06/15/23		114,077
	605,000	New York State Environmental Facilities Corp. Water Utility Improvements Revenue Bonds, Subordinated SRF Bonds 5.00%, 06/15/24		709,133
	100,000	New York State Housing Finance Agency Refunding Revenue Bonds, Series A 5.00%, 09/15/20		104,891
	100,000	New York State Thruway Authority Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/22		109,525
	150,000	New York State Thruway Authority Highway & Bridge Trust Fund Refunding Revenue Bonds, Series A 5.00%, 04/01/23		164,591
	5,000,000	New York State Thruway Authority Highway & Bridge Trust Fund Refunding Revenue Bonds, Series A 5.00%, 04/01/30		5,459,450
	150,000	New York State Thruway Authority Highway & Bridge Trust Fund Refunding Revenue Bonds, Series A-1 5.00%, 04/01/20		154,746
	375,000	New York State Thruway Authority Refunding Revenue Bonds, Series K 5.00%, 01/01/24		432,045
	300,000	New York State Thruway Authority Refunding Revenue Bonds, Series K 5.00%, 01/01/26		353,037
	250,000	New York State Thruway Authority Refunding Revenue Bonds, Series L 5.00%, 01/01/23		280,615

Principal Amount			Value
New York (continued)
$	125,000	New York State Thruway Authority Refunding Revenue Bonds, Series L 5.00%, 01/01/24	$	144,015
	200,000	New York State Thruway Authority Refunding Revenue Bonds, Series L 5.00%, 01/01/25		236,446
	100,000	New York State Thruway Authority Refunding Revenue Bonds, Series L 5.00%, 01/01/27		123,171
	300,000	New York State Urban Development Corp Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/24		347,190
	425,000	New York State Urban Development Corp. Personal Income Tax Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/22		465,605
	100,000	New York State Urban Development Corp. Personal Income Tax Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/23		112,785
	4,420,000	New York State Urban Development Corp. Personal Income Tax Advance Refunding Revenue Bonds, Series A 5.00%, 03/15/28		5,316,332
	200,000	New York State Urban Development Corp. Personal Income Tax Economic Improvements Revenue Bonds, Series C 5.00%, 03/15/23		225,570
	225,000	New York State Urban Development Corp. Personal Income Tax Refunding Revenue Bonds, Series A 5.00%, 03/15/24		260,393
	500,000	New York State Urban Development Corp. Public Improvement Revenue Bonds, Series A-1 5.00%, 03/15/22		547,770
	150,000	New York State Urban Development Corp. State Personal Income Tax Advance Refunding Revenue Bonds 5.00%, 03/15/22		164,331

Principal Amount			Value
New York (continued)
$	200,000	New York State Urban Development Corp. State Personal Income Tax Advance Refunding Revenue Bonds 5.00%, 03/15/24	$	231,460
	15,000,000	New York State Urban Development Corp. State Personal Income Tax Advance Refunding Revenue Bonds 5.00%, 03/15/26		17,327,700
	100,000	New York State Urban Development Corp. State Personal Income Tax Advance Refunding Revenue Bonds 5.00%, 03/15/26		121,187
	100,000	New York State Urban Development Corp. State Personal Income Tax Advance Refunding Revenue Bonds 5.00%, 03/15/27		123,250
	150,000	New York State Urban Development Corp. State Personal Income Tax Public Improvements Revenue Bonds, Series A 5.00%, 03/15/23		159,381
	400,000	New York State Urban Development Corp. State Personal Income Tax Public Improvements Revenue Bonds, Series A 4.00%, 03/15/24		416,320
	175,000	New York State Urban Development Corp. State Personal Income Tax Public Improvements Revenue Bonds, Series E 5.00%, 03/15/23		197,374
	5,000,000	New York State Urban Development Corp. State Personal Income Tax Public Improvements Revenue Bonds, Series E 5.00%, 03/15/26		5,615,150
	3,000,000	New York State Urban Development Corp. State Personal Income Tax Public Improvements Revenue Bonds, Series E 5.00%, 03/15/28		3,360,720
	100,000	Pleasantville Union Free School District Refunding GO, (State Aid Withholding) 4.00%, 05/01/20		99,999
	2,085,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds, Series 189 5.00%, 05/01/26		2,481,921

Principal Amount			Value
New York (continued)
$	175,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds 5.00%, 12/15/26	$	202,501
	2,250,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds 5.00%, 09/01/34		2,576,790
	100,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds, Series 175 5.00%, 12/01/22		112,127
	150,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds, Series 189 5.00%, 05/01/24		175,017
	375,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds, Series 189 5.00%, 05/01/25		449,093
	125,000	Port Authority of New York & New Jersey Consolidated Revenue Bonds, Series 205 5.00%, 11/15/22		139,979
	2,885,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 179 5.00%, 12/01/25		3,301,565
	800,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 179 5.00%, 12/01/27		911,720
	3,500,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 179 5.00%, 12/01/28		3,983,805
	300,000	Port Authority of New York & New Jersey Revenue Bonds, Two Hundred Ninth Series 5.00%, 07/15/22		332,667
	100,000	Port Authority of New York & New Jersey Revenue Bonds, Two Hundred Ninth Series 5.00%, 07/15/23		114,211
	325,000	Port Authority of New York & New Jersey Revenue Bonds, Two Hundred Ninth Series 5.00%, 07/15/24		381,241
	300,000	Sales Tax Asset Receivable Corp. Refunding Revenue Bonds, Series A 4.00%, 10/15/22		325,074
	650,000	Sales Tax Asset Receivable Corp. Refunding Revenue Bonds, Series A 5.00%, 10/15/22		727,981

Principal Amount			Value
New York (continued)
$	125,000	Sales Tax Asset Receivable Corp. Refunding Revenue Bonds, Series A 5.00%, 10/15/23	$	143,803
	475,000	Sales Tax Asset Receivable Corp. Refunding Revenue Bonds, Series A 5.00%, 10/15/24		561,355
	4,000,000	Sales Tax Asset Receivable Corp. Refunding Revenue Bonds, Series A 5.00%, 10/15/30		4,656,560
	425,000	State of New York Green GO, Series A 5.00%, 02/15/22		466,897
	100,000	State of New York Green GO, Series A 5.00%, 02/15/26		122,677
	250,000	State of New York Public Improvements GO, Series A 5.00%, 03/01/24		283,385
	400,000	Syracuse Industrial Development Agency Syracuse City School Improvements Revenue Bonds, Series A, (State Aid Withholding) 4.00%, 05/01/22		429,668
	150,000	Syracuse Industrial Development Agency Syracuse City School Improvements Revenue Bonds, Series A, (State Aid Withholding) 5.00%, 05/01/23		160,251
	500,000	Syracuse Industrial Development Agency Syracuse City School Improvements Revenue Bonds, Series A, (State Aid Withholding) 5.00%, 05/01/26		609,795
	375,000	Triborough Bridge & Tunnel Authority Advance Refunding Revenue Bonds, Series A 5.00%, 11/15/24		443,033
	100,000	Triborough Bridge & Tunnel Authority Highway Improvements Revenue Bonds, Series A 5.00%, 11/15/25		121,179
	265,000	Triborough Bridge & Tunnel Authority Highway Improvements Revenue Bonds, Series B 5.00%, 11/15/23		304,798

Principal Amount			Value
New York (continued)
$	435,000	Triborough Bridge & Tunnel Authority Highway Improvements Revenue Bonds, Series B 5.00%, 11/15/27	$	524,475
	6,340,000	Triborough Bridge & Tunnel Authority Highway Improvements Revenue Bonds, Series C 5.00%, 11/15/29		7,133,451
	250,000	Triborough Bridge & Tunnel Authority MTA Bridges & Tunnels Advance Refunding Revenue Bonds 5.00%, 11/15/23		287,545
	125,000	Triborough Bridge & Tunnel Authority Prerefunded Highway Improvements Revenue Bonds, Series A 5.00%, 11/15/25		149,201
	250,000	Triborough Bridge & Tunnel Authority Prerefunded Highway Improvements Revenue Bonds, Series C 5.00%, 11/15/27		283,828
	175,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds, Series B 5.00%, 11/15/19		178,276
	150,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds, Series B 5.00%, 11/15/20		157,965
	1,000,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds, Series B 5.00%, 11/15/22		1,119,460
	150,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds, Series B 5.00%, 11/15/24		177,213
	100,000	Triborough Bridge & Tunnel Authority Refunding Revenue Bonds, Series B 5.00%, 11/15/24		111,615
	100,000	Utility Debt Securitization Authority Refunding Revenue Bonds 5.00%, 12/15/26		117,858
	1,080,000	Utility Debt Securitization Authority Refunding Revenue Bonds, Series E 5.00%, 12/15/28		1,237,658
	8,720,000	Utility Debt Securitization Authority Refunding Revenue Bonds, Series E 5.00%, 12/15/29		9,980,476

Principal Amount			Value
New York (continued)
$	2,750,000	Utility Debt Securitization Authority Refunding Revenue Bonds, Series E 5.00%, 12/15/30	$	3,136,980
	5,000,000	Village of Mount Kisco NY Cash Flow Management GO Notes, Series C 3.50%, 12/20/19		5,060,150
Total Municipal Bonds (Cost $356,229,452)				361,246,618

Shares
INVESTMENT COMPANY — 2.3%
	8,552,314	SEI Daily Income Trust Government II Fund, Class A, 2.25%(c)		8,552,314
Total Investment Company (Cost $8,552,314)				8,552,314

TOTAL INVESTMENTS — 98.2% (Cost $364,781,766)			$	369,798,932
OTHER ASSETS IN EXCESS OF LIABILITIES — 1.8%				6,762,095
NET ASSETS — 100.0%			$	376,561,027

(a)		These securities are subject to remarketing prior to its stated maturity, and is subject to mandatory redemption at the stated maturity date.
(b)		Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of April 30, 2019.
(c)		The rate shown represents the current yield as of April 30, 2019.

The following abbreviation is used in the report:

GO — General Obligations.

Portfolio diversification by State (Unaudited)

State	Percentage of Net Assets
New York		95.9	%
Other*		4.1
		100.0	%

*	Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Old Westbury Funds, Inc. (the “Corporation”) was organized as a Maryland corporation on August 26, 1993 and commenced operations on October 22, 1993. The Corporation is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Corporation’s Board of Directors (the “Board”) are permitted to create an unlimited number of series, each with one or more separate classes of shares. As of April 30, 2019, the Corporation consisted of nine separate investment portfolios (each series individually referred to as a “Fund” and collectively as the “Funds”) shown below:

The Corporation has authorized a total of 24 billion shares of common stock (par value $0.001 per share).

Under the Corporation’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties for the Corporation. In addition, in the normal course of business, the Corporation enters into contracts with vendors and others that provide for general indemnifications. The Corporation’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Corporation. However, based on experience, the Corporation expects the risk of loss to be remote.

The consolidated financial statements of the Strategic Opportunities Fund include the financial results of its wholly-owned subsidiary (organized under the laws of the Cayman Islands), OWF Strategic Opportunities Fund Ltd. (the “Subsidiary”). All material intercompany accounts and transactions have been eliminated. The Subsidiary commenced operations on May 1, 2015. The Strategic Opportunities Fund commenced reporting on a consolidated basis as of such commencement date. The Subsidiary is a commodity pool, as defined in the regulations of the Commodity Futures Trade Commission (the “CFTC”), and is operated by Bessemer Investment Management LLC (“BIM” or the “Adviser”), a commodity pool operator registered with the CFTC effective January 1, 2013. The Strategic Opportunities Fund seeks to gain exposure to commodities through direct investments in commodities-related instruments, derivatives and other investments and through investments in the Subsidiary. The Subsidiary has the same investment goal as the Strategic Opportunities Fund. The Subsidiary pursues its investment goal by investing in commodities-related instruments, derivatives and other investments. The Subsidiary (unlike the Strategic Opportunities Fund) may invest without limitation in these instruments. However, the Subsidiary is otherwise subject to the same fundamental, non-fundamental and certain other investment restrictions as the Strategic Opportunities Fund. The portion of the Strategic Opportunities Fund’s or Subsidiary’s assets exposed to any particular commodity, derivative or other investment will vary based on market conditions, but from time to time, some exposure could be substantial. To the extent of the Strategic

Opportunities Fund’s investment through the Subsidiary, it will be subject to the risks associated with the derivatives and other instruments in which the Subsidiary invests. As of April 30, 2019, the Subsidiary represented $225,235,871 or 4.36% of the Strategic Opportunities Fund’s net assets.

The following is a summary of the significant accounting policies followed by the Corporation in the preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification is the exclusive reference of authoritative GAAP recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants such as the Corporation.

The Corporation qualifies as an investment company and follows accounting and reporting guidance as defined by the FASB in ASC 946, Financial Services - Investment Companies.

A. Valuation of Investments. Readily marketable equity securities listed on an exchange are valued, except as indicated below, at the last sale price reflected at the close of the regular trading session of the exchange on the business day as of which such value is being determined, and securities listed on NASDAQ are valued at the NASDAQ Official Closing Price (“NOCP”) and, if no NOCP is available, then at the last reported sales price. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day. If no bid or asked prices are quoted on such day, then the securities are valued using a broker-dealer quote or an approved pricing service. Equity securities traded on more than one national securities exchange are valued at the last sale price on the business day as of which such value is being determined as reflected on the tape at the close of the exchange representing the principal market for such securities.

Readily marketable equity securities traded in the over-the-counter market (“OTC”), including listed securities whose primary market is believed by BIM, or a sub-adviser, as applicable, to be over-the-counter, are valued at the mean of the latest bid and asked prices using a broker-dealer or an approved pricing service.

Shares of open-end investment companies are valued at the latest net asset value (“NAV”) reported by the investment company. Shares of investment companies that are traded intra-day on an exchange, such as exchange traded funds and closed-end funds, will be valued at the last sale price as reflected at the close of the regular trading session of such exchange.

Debt instruments are valued on the basis of prices obtained from a broker-dealer or an approved pricing service.

Foreign securities generally are valued in their national currency at the latest available quoted sale price as of the close of trading on the foreign exchange or other principal market on which the security is traded. In the absence of current trade activity, the securities will be valued at the mean of the latest bid/ask quotations. As described below, this value is then converted into its U.S. dollar equivalent using the daily rate of exchange at the time of a Fund’s NAV calculation (normally 4:00 p.m. Eastern Time).

Forward currency contracts are valued at the mean between the bid and the asked prices. Quotations are available for regularly scheduled settlement dates such as on a 1-,2-,3-,4-,5-,6-,9-, and 12-month basis. Over-the-counter derivatives, such as swaps and non-exchange traded options and futures are valued on the basis of counterparty valuation quotations or dealer quotations, subject to review by BIM, or a sub-adviser with BIM’s oversight where appropriate. An approved pricing service may also be used to price these instruments. Exchange-traded swaps, options and futures contracts and options thereon are valued at their last sale or settlement price as of the close of such exchanges or, if no sales are reported, at the mean between the last reported bid and asked prices. Repurchase agreements are valued at the original cost. Contracts for long puts and calls are valued at the bid price and short puts and calls are valued at the offering price of a broker-dealer or an exchange. Generally, options, rights/warrants and other “when-issued” securities follow the same pricing methods as equity securities.

Securities and other investments for which market quotations are not readily available are valued under the general supervision and responsibility of the Board and pursuant to policies and procedures established by the Board, which are designed to reflect, in good faith, the fair value of such investments. A market quotation is considered not readily available if, among other

circumstances, the most recent reported price is deemed unreliable. For example, securities that may be subject to fair valuation include, but are not limited to: (1) securities in which trading has been halted pending further news; (2) illiquid securities in which there is no trading market and no broker coverage; (3) stale priced securities; (4) securities that may have defaulted or de-listed from an exchange and are no longer trading; (5) any other security for which the Funds’ Pricing Committee, with input from the Adviser or sub-advisers, as applicable, believes that the last trading price does not represent a reliable current price; or (6) other investments, including derivatives for which readily available market quotations are not generally available. In addition, a Fund may fair value securities that trade on a foreign exchange because a significant event has occurred after the foreign exchange closes but before the time as of which a Fund’s share price is calculated. Foreign exchanges typically close before the time as of which Fund share prices are calculated, and may be closed altogether on some days a Fund is open. Such significant events affecting a foreign security may include, but are not limited to: (1) those relating to a single issuer; (2) governmental actions that affect securities in one sector or country; (3) natural disasters or armed conflicts affecting a country or region; or (4) significant market fluctuations. There is no single standard for determining the fair value of a security or investment, but, rather, several factors are considered, including an evaluation of the forces that influence the market in which the security or investment is purchased or sold, in determining whether a market price is readily available and, if not, the security’s or other investment’s fair value.

In light of the judgment involved in fair value decisions, there can be no assurances that a fair value assigned to a particular security reflects a price for which a security has traded or will trade. Accordingly, when a Fund uses fair value to price securities, it may value those securities higher or lower than another fund that uses market quotations to price the same securities.

In the event of a change in the S&P 500 Index that is greater than predetermined levels approved by the Board, the Funds will utilize an approved pricing service that has been designated to determine fair value to price securities traded on any overseas exchange. Pricing Service Vendors base their valuations on a number of factors, including, but not limited to, actual transaction data, benchmark yields, market bids, market offers, quotations from dealers, credit risk spreads, interest rate spreads, proprietary pricing models, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements, specific deal information and other relationships observed in markets of comparable securities. In addition, foreign securities held by a Fund may trade on weekends or other days when the Fund does not calculate NAV. As a result, the market value of these investments may change on days when shares of the Fund cannot be bought or sold. Such fair valuations are categorized as Level 2 in the fair value hierarchy. Foreign securities that are valued based on market quotations are categorized as Level 1 in the fair value hierarchy. As a result on days when the index change exceeds predetermined levels, certain securities held by the Funds were transferred from Level 1 into Level 2. On any subsequent day when such index level is not exceeded, certain securities held by the Funds were transferred from Level 2 back into Level 1.

The fair value of investments is determined in accordance with the valuation policies and procedures approved by the Board. The Funds’ Pricing Committee established by the Board (the “Pricing Committee”) reviews pricing methodologies on at least a quarterly basis. The Pricing Committee is responsible for (i) establishing valuation processes and (ii) determining the fair value of the Funds’ holdings for which price quotations are not readily available, unreliable or for which an approved valuation method is deemed not to represent fair value. These investments are either categorized as Level 2 or 3 depending on the observability of the inputs used. The Pricing Committee may consider one or more factors in determining an investment’s fair value. The factors to be taken into account, to the extent relevant, typically include, but are not limited to: fundamental analytical data relating to the investment, the nature and duration of any restrictions on disposition of the investments, an evaluation of the forces that influence the market in which the investments are purchased or sold, the type of investment, financial statements and company filings, lack of marketability, the cost at date of purchase, good faith recommendation of BIM or a sub-adviser, as applicable, and any other relevant matters. When the fair valuation of investments use significant unobservable inputs, such investments will be categorized as Level 3 in the fair value hierarchy.

The significant unobservable inputs used in fair value measurement of the Funds’ Level 3 investments may include, where applicable: (i) an estimation of a normalized earnings level or projected cash flows for the company; (ii) the discounts applied to the last available price of the investment or a selection of comparable investments due to the lack of marketability of the investment; (iii) values or bid offers by dealers or other third parties; and (iv) the value associated with the latest round of financing. Significant changes in any of those inputs in isolation may result in a significantly lower or higher fair value measurement. Generally, a change in the assumptions used for the normalized earnings level will be accompanied by a directionally similar change in the discounts applied to the list of comparable investments.

The Funds’ Pricing Committee employs various methods for calibrating the valuation approach related to investments categorized within Level 3 in the fair value hierarchy. These methods may include regular due diligence of the Funds’ pricing vendors including back testing of trigger related fair value prices, a regular review of key inputs and assumptions, reviews of missing and stale prices and price variance analysis, including investigation of unusual or unexpected pricing changes and reviews of any market related activities. Additionally, the pricing of all fair value holdings is subsequently reviewed and approved by the Funds’ Board.

B. Security Transactions and Related Investment Income. Security transactions are accounted for no later than the first NAV calculation on the first business day following the trade date. However, for financial reporting purposes, portfolio securities transactions are reported on trade date. Realized gains and losses on security transactions are determined using the identified cost method for maximum tax benefit to shareholders. Dividend income and other distributions from portfolio securities are recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend dates may have passed are recorded as soon as the Funds are informed of the dividends. Upon notification from issuers, some of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Dividend income is recorded net of foreign taxes withheld where recovery of such taxes is not assured. Interest income is recognized on an accrual basis and includes where applicable, the amortization of premiums and accretion of discounts.

C. Payment-In-Kind Securities. The Funds may invest in payment-in-kind securities (“PIKs”). PIKs give the issuer the option at each interest payment date of making interest payments in either cash or additional debt securities. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds. The daily market quotations of the original bonds may include the accrued interest (referred to as a dirty price) and require a pro-rata adjustment from the unrealized appreciation or depreciation on investments to interest receivable on the Statements of Assets and Liabilities.

For the period ended April 30, 2019, there were no in-kind payments received by the Funds with respect to PIK securities.

D. Foreign Currency Transactions. The books and records of the Funds are maintained in U.S. dollars. Investments and other assets and liabilities of the Funds denominated in a foreign currency, if any, are translated into U.S. dollars at current exchange rates as of the date of the Statements of Assets and Liabilities. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the exchange rate on the dates of the transactions.

The Funds do not isolate the portion of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and change in unrealized gain/(loss) on investments, securities sold short, futures contracts, swap agreements, written options and foreign currency transactions in the Statements of Operations.

Foreign security and currency transactions may involve certain risks not typically associated with those of U.S. companies, including the level of governmental supervision and regulation of foreign securities markets and the possibility of political and economic instability.

E. Securities Sold. The Funds may sell securities short. A short sale is a transaction in which a Fund sells securities it does not own, but has borrowed, in anticipation of a decline in the market price of the securities. A Fund is obligated to replace the borrowed securities at their market price at the time of settlement. A Fund’s obligation to replace the securities borrowed in connection with a short sale will be fully secured by collateral deposited with the broker. Short sales by a Fund involve certain risks and special considerations.

The Funds may not always be able to close out a short position on favorable terms. Short sales involve the risk that a Fund will incur a loss by subsequently buying a security at a higher price than the price at which it sold the security short. The amount of such loss is theoretically unlimited (since it is limited only by the increase in value of the security sold short by a Fund). In contrast, the risk of loss from a long position is limited to a Fund’s investment in the long position, since its value cannot fall below zero. Short selling is a form of leverage which may lead to higher volatility of a Fund’s NAV or greater losses for a Fund. To mitigate leverage risk, a Fund will always hold liquid assets (including its long positions) at least equal to its short position exposure, marked-to-market daily. The Funds had no short sales outstanding at April 30, 2019.

F. Collectibles. The Strategic Opportunities Fund may invest in collectibles, which are rare objects collected by investors. They can include stamps, coins, books, oriental rugs, antiques, sports and other memorabilia, photographs, art and wine. Collectibles are generally expected to rise in value during inflationary periods when investors are trying to move to assets viewed as

an inflation hedge. Generally, collectibles can be expected to drop in value during periods of low inflation. Collectible trading for profit is subject to certain risks and other considerations, including that collectibles: (i) have limited buying and selling markets; (ii) are often bought and sold at auction and subject to buyer and/or seller premiums; (iii) experience periods of high and low demand; (iv) must be insured, physically held and properly maintained; (v) may need to have their authenticity and provenance verified from time to time; and (vi) may not have representative market valuations available. The Strategic Opportunities Fund does not currently intend to invest more than 5% of its total assets in collectibles. As of April 30, 2019, the Strategic Opportunities Fund held no collectibles.

G. Commodities. In order to gain exposure to the commodities markets, the Strategic Opportunities Fund, directly or through its Subsidiary, may invest in commodities-related instruments, derivatives and other investments. Commodities are assets that have tangible properties, such as oil, agriculture products and precious metals. The value of commodities may be affected by, among other things, changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. These factors may have a larger impact on commodity prices and commodity-linked instruments than on traditional securities. Certain commodities are also subject to limited pricing flexibility because of supply and demand factors. Others are subject to broad price fluctuations as a result of the volatility of the prices for certain raw materials and the instability of supplies of other materials. These additional variables may create additional risks which subject the Strategic Opportunities Fund and its Subsidiary’s investments to greater volatility than investments in traditional securities.

H. Inflation-Protected Securities. The Funds may invest in inflation-protected securities, which unlike traditional debt securities that make fixed or variable principal and interest payments, are structured to provide protection against the negative effects of inflation. The value of the debt securities’ principal is adjusted to track changes in an official inflation measure. For example, the U.S. Treasury currently uses the Consumer Price Index for Urban Consumers as a measure of inflation for Treasury Inflation-Protected Securities (“TIPS”). Other inflation-protected securities may not carry a similar guarantee by their issuer. A Fund may buy TIPS that are designed to provide an investment vehicle that is not vulnerable to inflation. The interest rate paid by TIPS is fixed. The principal value rises or falls semi-annually based on the changes in the published Consumer Price Index. If inflation occurs, the principal and interest payments on TIPS are adjusted to protect investors from inflationary loss. If deflation occurs, the principal and interest payments will be adjusted downward, although the principal will not fall below its face amount at maturity.

I. When-Issued and Delayed Delivery Securities. The Funds may purchase or sell securities that they are entitled to receive on a when-issued basis. The Funds may also purchase or sell securities on a delayed delivery basis. When-issued and delayed delivery securities involve risk that the security a Fund buys will lose value prior to its delivery. There is also a risk that the security will not be issued or that the other party to the transaction will not meet its obligation. If this occurs, a Fund loses both the investment opportunity for the assets it set aside to pay for the security and any gain in the security’s price.

J. Loan Participations and Assignments. The Strategic Opportunities Fund and Fixed Income Fund may invest in fixed or floating rate loans to U.S. companies, foreign entities, and U.S. subsidiaries of foreign entities made by one or more financial institutions. The rate of interest on a fixed-rate loan is generally a set amount. The rate of interest payable on floating rate loans is the sum of a base lending rate plus a specified spread. Base lending rates are generally the London InterBank Offered Rate, the Certificate of Deposit Rate of a designated U.S. bank, the prime rate of a designated U.S. bank, the Federal Funds rate, or another base lending rate used by commercial lenders. The applicable spread may be fixed at time of issuance or may adjust upward or downward to reflect changes in credit quality of the borrower. A Fund may invest in loans that are investment grade, below investment grade (“junk”), or not rated by any nationally recognized statistical ratings organization. Loans that are rated lower than investment grade typically entail default and other risks greater than those associated with higher-rated loans. Generally, the lower the rating category, the riskier the investment. Typically, a Fund’s investments in loans are expected to take the form of loan participations and assignments of portions of loans from third parties.

Currently, the Strategic Opportunities Fund intends to invest in loans that are below investment grade and, to a lesser extent, unrated loans. The Strategic Opportunities Fund’s investments in loans are expected in most instances to be in the form of assignments. Generally, when a Fund purchases an assignment of a loan from a lender, it will step into the position of the lender and acquire direct rights against the borrower on the loan. Because assignments are arranged through private negotiations between potential assignees and potential assignors, however, the rights and obligations acquired by a Fund as the purchaser of an assignment may differ from, and be more limited than, those held by the assigning lender. The assignability of certain obligations may be restricted by the governing documentation as to the nature of the assignee such that the only way

in which a Fund may acquire an interest in a loan is by purchasing a participation of interest and not an assignment. A Fund may have difficulty disposing of assignments and participation interests given these limitations and other factors.

K. Credit Enhancements. Certain obligations held by the Funds have credit enhancement or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements may include: letters of credit; liquidity guarantees; and third party insurance (i.e., AMBAC and FGIC). The value of the obligations may be affected by changes in credit worthiness of the entities that provide any supporting letters of credit or other credit enhancements. The value of the obligations also will be affected by the exhaustion, termination or expiration of any credit enhancement.

L. Restricted and Illiquid Securities. The Funds may purchase securities which are subject to legal or contractual delays, restrictions, and costs on resale. Because of time limitations, the Funds might not be able to dispose of these securities at reasonable prices or at times advantageous to the Funds. Each Fund intends to limit the purchase of securities which have not been determined by BIM to be liquid, together with other securities considered to be illiquid, including repurchase agreements providing for settlement in more than seven days after notice, to not more than 15% of its net assets.

M. Distributions to Shareholders. Distributions from net investment income, if any, generally are declared and paid quarterly for the Fixed Income Fund, Municipal Bond Fund, California Municipal Bond Fund and New York Municipal Bond Fund and at least annually for the All Cap Core Fund, Large Cap Strategies Fund, All Cap ESG Fund, Small & Mid Cap Strategies Fund and Strategic Opportunities Fund. Distributable net realized capital gains, if any, are declared and distributed at least annually. The amount and timing of dividends and distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

N. Expenses. Expenses that are directly related to one of the Funds are charged directly to that Fund on an accrual basis. Other operating expenses of the Corporation are prorated to each Fund on an accrual basis utilizing relative net assets or another reasonable basis.

In the normal course of business, the Funds invest in securities and enter into transactions where risks exist due to fluctuations in the market (market risk) or failure of the issuer of a security to meet all its obligations (credit risk). The value of securities held by a Fund may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; changes or perceived changes in economic conditions; overall market changes; local, regional or global political, social or economic events or instability; and currency and interest rate and price fluctuations. In December 2015, the Board of Governors of the Federal Reserve System (the “Fed”) ended its policy of keeping the federal funds rate at or near zero percent and purchasing large quantities of securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities on the open market (“quantitative easing”). Since ending this quantitative easing policy, the Fed has raised interest rates several times and it is anticipated that interest rates will continue to rise, and as a result there is a risk that interest rates across the U.S. financial markets will rise suddenly and significantly, thereby exposing fixed income and related markets to heightened volatility and reduced liquidity. Such market events may cause a Fund to experience losses and/or high redemption requests, which may result in increased transactions costs and lower a Fund’s performance. Exposure to foreign markets through issuers or currencies can involve additional risks relating to market, economic, political, regulatory, geopolitical, or other conditions. In addition, the securities of foreign companies also may be subject to the imposition of economic sanctions or other government restrictions. The risks of foreign investments are increased in emerging markets which may experience hyperinflation and have far lower trading volumes and less liquidity than developed markets. Changes in foreign currency exchange rates can affect the value of a Fund’s portfolio. Depositary receipts are generally subject to the same risks as the foreign securities that they evidence or into which they may be converted. Similar to credit risk, a Fund may be exposed to counterparty risk, or the risk that an entity with which the Fund has unsettled or open transactions may default. Financial assets, which potentially expose a Fund to credit and counterparty risks, consist principally of investments, receivables for securities sold and cash due from brokers. The Funds’ Adviser and sub-advisers, as applicable, review the creditworthiness of counterparties that they believe entail material credit risk in relation to the investment policies of a Fund. The extent of a Fund’s exposure to credit and counterparty risks with respect to these financial assets is generally represented by their values recorded in the Fund’s Statements of Assets and Liabilities.

California Municipal Bond Fund and New York Municipal Fund invest a substantial amount of their assets in issuers located in a single state. This may subject each Fund to the risk that economic, political or social issues impacting a particular state could have an adverse and disproportionate impact on the income from, or the value or liquidity of, each Fund’s respective portfolios. Investment percentages in specific states or U.S. territories are presented in the Portfolios of investments.

The inputs and valuation techniques used to measure fair value of the Funds’ investments are summarized into three levels as described in the hierarchy below:

• Level 1 - quoted prices generally in active markets for identical securities.

• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit ratings, etc.).

• Level 3 - significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The summary of inputs used to value the Funds’ investments as of April 30, 2019 is as follows:

The Funds’ policy is to recognize transfers in and transfers out as of the beginning of the period.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

The Funds engage in various portfolio investment strategies utilizing derivatives both to increase the return of the Funds and/or to economically hedge, or protect, their exposure to, for example, interest rate movements, movements in the securities or commodities markets and currency value fluctuations. Derivatives are subject to a number of risks, including changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments and the risk of loss due to changes in interest rates. The use of certain derivatives may also have a leveraging effect, which may increase the Fund’s sensitivity to adverse market movements and may exaggerate a loss. Losses may arise if the value of the contract decreases due to, among other potentially adverse events, an unfavorable change in the price of the underlying security or commodity or if the counterparty does not perform under the contract. The use of derivatives can lead to losses because of relatively small adverse movements in the price or value of the underlying security, asset, index or reference rate, which may be magnified by or potentially unlimited as a result of certain features of the derivatives.

The primary difference in risks associated with over-the-counter contracts and exchange-traded contracts is credit and liquidity risks. Over-the-counter contracts, as bilateral arrangements, contain credit risk from various counterparties for any unrealized gains for the duration of the contract. The credit risk related to exchange-traded contracts is minimal because the exchanges

ensure that their contracts are always honored. The Funds may mitigate counterparty risk on derivatives through master netting agreements included within an International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreement between a Fund and each of its counterparties. The ISDA Master Agreement allows each Fund to offset with its counterparty certain derivative financial instruments’ payables and/or receivables with collateral held with each counterparty. The amount of collateral moved to/from applicable counterparties is based upon minimum transfer amounts of up to $250,000. To the extent amounts due to the Funds from their counterparties are not fully collateralized contractually or otherwise, the Funds bear the risk of loss from counterparty non-performance.

The Funds’ maximum risk of loss from counterparty credit risk on over-the-counter derivatives is generally the aggregate net unrealized gain in excess of any collateral pledged by the counterparty to the Funds. For over-the-counter purchased options, the Funds bear the risk of loss in the amount of the premiums paid and positive change in market value of the options should the counterparty not perform under the contracts. Written options by the Funds do not give rise to counterparty credit risk, as written options obligate the Funds to perform and not the counterparty. Certain ISDA Master Agreements allow counterparties to over-the-counter derivatives to terminate or require full collateralization of derivative contracts prior to maturity in the event a Fund’s net assets decline by a stated percentage or a Fund fails to meet the terms of its ISDA Master Agreements, which would cause the Funds to post additional collateral or accelerate payment of any net liability owed to the counterparty. There were no trigger events during the six months ended April 30, 2019.

Cash collateral that has been pledged to cover obligations of a Fund and cash collateral received from the counterparty, if any, is reported separately on the Statements of Assets and Liabilities as due from brokers for collateral and payable to brokers for collateral, respectively. Non-cash collateral pledged by the Fund, if any, is noted in the Portfolio of Investments.

When counterparties post cash collateral with respect to various derivative transactions, a Fund may invest the collateral and receives interest income on the investment and pays interest expense on the collateral to the counterparty. The interest income is included in investment income on the Statements of Operations, and the interest expense is included in a Fund’s overall expenses on the Statements of Operations and expense ratio in the Financial Highlights.

As of April 30, 2019, the Funds had transactions subject to enforceable master netting arrangements (“MNA”). For reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements or another similar arrangement in the Statements of Assets and Liabilities. A reconciliation of the gross amounts on the Statements of Assets and Liabilities to the net amounts by counterparty, including any collateral exposure, is included in the following tables:

The Funds are subject to, among other risks, interest rate risk, equity price risk, commodity risk and foreign currency exchange risk in the normal course of pursuing their investment objectives by investing in various derivative financial instruments, as described below.

For open derivative instruments, please see the respective Fund’s Portfolio of Investments or details below:

For the six months ended April 30, 2019, the quarterly average volume of derivative activities were as follows:

A. Futures Contracts. The Funds purchased or sold futures contracts and options on futures contracts to gain exposure to, or hedge against, changes in the value of equity securities (equity risk), interest rates (interest rate risk) or commodity risk.

Futures contracts are agreements pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the contract at the close of the last trading day and the price at which the contract was originally written. Upon entering into a futures contract, the Funds are required to pledge to a futures commission merchant an amount of cash, U.S. government securities, or other assets, equal to a certain percentage of the contract amount. This is known as the initial margin deposit. Subsequent payments, known as variation margin, are made or received by the Funds each day, depending on the daily fluctuations in fair value of the underlying instrument. The Funds recognize an unrealized gain or loss equal to the variation margin. These futures contracts permit the Funds to meet their objectives at a lower cost than investing directly in the underlying instruments or commodities, while permitting the equivalent of an investment in a

portfolio of the underlying instruments or commodities. A potential risk to the Funds is that the change in value of the underlying securities or commodities may not correlate to the change in value of the contracts. Listed futures contracts involve minimal counterparty risk since futures contracts are guaranteed against default by the exchange on which they trade.

B. Forward Foreign Currency Exchange Contracts. The Funds (except Municipal Bond Fund, California Municipal Bond and New York Municipal Bond) may enter into forward foreign currency contracts (“Forward”) to hedge their exposure to changes in foreign currency exchange rates on foreign portfolio holdings (foreign currency exchange risk). In addition, certain Funds may use a Forward to provide exposure to the foreign currency market. A Forward is an agreement between two parties to purchase or sell a foreign currency at a future date at a negotiated forward rate. A Forward is marked-to-market daily and the change in market value is recorded by the Funds as unrealized appreciation or depreciation until the contract settlement date. The market value of the Forward is determined using the forward rate for the remainder of the outstanding period of the contract, through the delivery date. When a Forward is closed or settled, the Funds record a realized gain or loss equal to the fluctuation in rates during the period a Forward was open. Risks may arise upon entering into these contracts from, for example, the potential inability of the counterparties to meet the terms of their contracts, or if the foreign currency rates change unfavorably.

In the event of default by the counterparty to the transaction, the Funds’ maximum amount of loss, as either the buyer or seller, is the unrealized gain on the contract.

The Funds may be required to pledge to the broker an amount of cash, U.S. government securities or other assets, equal to a certain percentage of the contract amount.

C. Swap Agreements. The Funds entered into swap agreements, which are agreements involving two parties to exchange the return generated by a security, currency, commodity, interest rate, index, or other measures for the return generated by another instrument, for example, the agreement to pay interest in exchange for a market-linked return based on a notional amount. The Funds entered into total return, interest rate and other swap agreements. Interest rate swap agreements generally involve the agreement by the Funds to pay a counterparty a fixed or floating rate on a fixed notional amount and to receive a fixed or floating rate on a fixed notional amount, but may also involve the agreement to pay or receive payments derived from changes in interest rates. Periodic payments are generally made during the life of the swap agreement according to the terms and conditions of the agreement and at termination or maturity. Total return swap agreements involve the commitments to pay or receive an amount generally determined by reference to a security, index or other measure in exchange for a specific market linked return, based on notional amounts. To the extent that the total return of the security, index or other measure underlying the transaction exceeds or falls short of the offsetting interest rate-based obligation, the Funds receive or make a payment to the counterparty. Payments received or made by a Fund at the expiration or other termination of the swap agreements are recorded in the Statements of Operations as realized gains or losses, respectively. Swap agreements are marked-to-market daily based on counterparty valuation quotations, and changes in value, including the periodic amounts of interest to be paid or received on swaps, are recorded as unrealized appreciation/(depreciation). Risks may exceed amounts recognized on the Statements of Assets and Liabilities. These risks include changes in the returns of the underlying instruments, failure of the counterparties to perform under the contracts’ terms and the possible lack of liquidity with respect to the swap agreements. Details of swap agreements open at period end are included in the Portfolios of Investments under the caption “Swap Agreements”.

D. Options. The Funds purchased and wrote (sold) put and call options on equity securities and stock index futures in order to gain exposure to or to protect against changes in the market.

Options on swaps (swaptions) are similar to options on securities except that instead of selling or purchasing the right to buy or sell a security, the writer or purchaser of the swaption is granting or buying the right to enter into a previously agreed upon swap agreement at any time before the expiration of the option.

A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the seller to sell (when the option is exercised), the underlying instrument at the exercise price at any time or at a specified time during the option period. A put option gives the holder the right to sell and obligates the writer to buy the underlying instrument at the exercise price at any time or at a specified time during the option period. When a Fund purchases (writes) an option, an amount equal to the premium paid (received) by a Fund is reflected as an asset (liability). The amount of the asset (liability) is subsequently marked-to-market to reflect the current market value of the option purchased (written). When an instrument is purchased or sold through an exercise of an option, the related premium paid (or received) is added to (or deducted from) the basis of the instrument acquired or deducted from (or added to) the proceeds of the instrument sold. When an option expires (or a Fund

enters into a closing transaction), a Fund realizes a gain or loss on the option to the extent of the premiums received or paid (or gain or loss to the extent the cost of the closing transaction exceeds the premium received or paid). When a Fund writes a call option, such option is “covered,” meaning that a Fund holds the underlying instrument subject to being called by the option counterparty, or cash in an amount sufficient to cover the obligation. When a Fund writes a put option, such option is covered by cash in an amount sufficient to cover the obligation.

In purchasing and writing options, a Fund bears certain risks, including the market risk of an unfavorable change in the price of the underlying instrument or the risk that a Fund may not be able to enter into a closing transaction due to an illiquid market. Exercise of a written option could result in a Fund purchasing or selling a security at a price different from the current market value.

A Fund may execute transactions in both listed and over-the-counter options. Listed options involve minimal counterparty risk since listed options are guaranteed against default by the exchange on which they trade. Transactions in certain over-the-counter options may expose a Fund to the risk of default by the counterparty to the transaction. In the event of default by the counterparty to the over-the-counter option transaction, a Fund’s maximum amount of loss is the premium paid and unrealized gain (as purchaser) or the unrealized gain of the contract less the premium received (as writer).

The Strategic Opportunities Fund invests in structured options to increase or decrease its exposure to an underlying index or group of securities (equity risk) or to increase or decrease its exposure to changes in foreign currency exchange rates (foreign currency exchange risk). These structured options may consist of single or multiple OTC options which are priced as a single security. Structured options may only be exercised at the expiration date, but may be transferred/sold prior to the expiration date. The value of a structured option may either increase or decrease with the underlying index or group of securities, depending on the combination of options used. Structured options are issued in units whereby each unit represents a structure based on a specific index with an initial reference strike price. Generally, the basis of the contracts is the premium received or paid which is recorded as an asset on the Statements of Assets and Liabilities. The amount of the asset is subsequently market-to-market to reflect the current market value of the structured option. When a structured option is transferred/sold or exercised, the Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the contract, if any. One type of structure involves the combination of selling a put while buying a call on a specific index. This option would rise in value as the underlying index increases and fall in value as the underlying index decreases. Alternatively, another structure involves the sale of a call and the purchase of a put. This option structure would rise in value as the underlying index decreases and fall in value as the underlying index increases. Upon the exercise of the structured option, the Fund will receive a payment from, or be required to remit a payment to the counterparty, depending on the value of the underlying index at exercise.

A. Investment Advisory Fees. The Funds’ investment adviser is BIM, a wholly-owned subsidiary of Bessemer Trust Company, N.A. (“Bessemer”). Bessemer is a subsidiary of The Bessemer Group, Incorporated (“BGI”). The investment advisory fee paid to BIM for advisory services is computed daily and paid monthly in accordance with the following schedule:

BIM has retained Harding Loevner LP (“Harding Loevner”) and Sands Capital Management, LLC (“Sands”) as sub-advisers to manage a segment of the Large Cap Strategies Fund. Harding Loevner and Sands are paid for their services directly by BIM.

BIM has retained Acadian Asset Management, LLC (“Acadian”), Baillie Gifford Overseas Limited (“Baillie Gifford”), Dimensional Fund Advisors LP (“Dimensional”), Champlain Investment Partners, LLC (“Champlain”), Martingale Asset Management, L.P. (“Martingale”), and Polunin Capital Partners Limited (“Polunin”) as sub-advisers to each manage segments of the Small & Mid Cap Strategies Fund. Acadian, Baillie Gifford, Dimensional, Champlain, Martingale, and Polunin are paid for their services directly by BIM.

BIM has retained BlackRock Financial Management, Inc. (“BlackRock”) and Muzinich & Co., Inc. (“Muzinich”) as sub-advisers to each manage a segment of the Strategic Opportunities Fund. BlackRock and Muzinich are paid for their services directly by BIM.

B. Administration, Fund Accounting, Transfer Agent and Underwriting Fees. The Corporation, on behalf of each Fund, has entered into an administrative oversight, supervision and coordination services agreement (the “Administrative Agreement”) with Bessemer, pursuant to which Bessemer and Bessemer Trust Company (“BTCO”), an affiliate of BIM, provide certain non-advisory services to the Funds, such as the maintenance of records, the provision of supervisory personnel and the monitoring of the other non-advisory service providers. Under the Administrative Agreement, each Fund pays an annual fee of 0.03% of its average daily net assets for such services. BNY Mellon Investment Servicing (US) Inc. (“BNY Mellon”) acts as administrator, fund accounting agent and transfer agent for the Funds pursuant to an Administration and Accounting Services Agreement and a Transfer Agency Services Agreement, respectively. Certain Officers of the Funds are also employees of BNY Mellon.

The Corporation entered into an Underwriting Agreement with Foreside Funds Distributors LLC for the limited purpose of acting as statutory underwriter to facilitate the registration and distribution of shares of the Funds.

C. Distribution and Shareholder Servicing Fees. The Funds have adopted a shareholder servicing plan (the “Shareholder Servicing Plan”) with Bessemer, pursuant to which Bessemer serves as a shareholder servicing agent and provides certain shareholder support services. Bessemer may engage shareholder sub-servicing agents, such as broker/dealers, banks, trust companies, investment advisers, and other financial institutions and intermediaries to provide certain shareholder support services and is solely responsible for paying each such shareholder sub-servicing agent from the fee it receives from each of the Funds. Each Fund pays for shareholder support services an annual fee of 0.20% of its average daily net assets. Prior to December 3, 2019, Bessemer had contractually committed to waive it’s shareholder servicing fee to the extent necessary to maintain a maximum shareholder servicing fee at 0.10% for the Fixed Income and Municipal Bond Funds. The shareholder servicing fee commitment arrangements may be changed or terminated at any time with the approval of the Board. Bessemer, however, does not have the ability to recapture fees currently being waived at a later date. For the six months ended April 30, 2019, Bessemer waived shareholder servicing fees in the amount of $76,524 with respect to the Fixed Income Fund, $202,495 with respect to the Municipal Bond Fund.

D. Custody Fees. The All Cap Core Fund, All Cap ESG Fund, Large Cap Strategies Fund, Fixed Income Fund, Municipal Bond Fund, California Municipal Bond Fund, and New York Municipal Bond Fund have each retained BTCO, a wholly-owned subsidiary of BGI, to serve as their custodian, and the Small & Mid Cap Strategies Fund has retained BTCO to serve as their co-custodian. Pursuant to the Funds’ Custody Agreements, BTCO is responsible for maintaining the custody of these Funds’ securities and cash. BTCO serves as custodian for the Small & Mid Cap Strategies Fund only with respect to equity securities of U.S. companies (other than exchange-traded funds) and securities in the form of depositary receipts directly managed by BIM, income, other payments and distributions issued with respect to such securities, proceeds of the sale of such securities, and cash, cash equivalents and money market instruments received and held by BTCO from time to time on behalf of the Small & Mid Cap Strategies Fund. For providing these services, BTCO receives a fee calculated and paid monthly at the annual rate of 0.065% of the average daily net assets of the non-U.S. investments for All Cap Core Fund, All Cap ESG Fund and Large Cap Strategies Fund and 0.015% of the average daily net assets of each of the Fixed Income Fund, Municipal Bond Fund, California Municipal Bond Fund, and New York Municipal Bond Fund or portion thereof for the Small & Mid Cap Strategies Fund and U.S. investments for All Cap Core Fund, All Cap ESG Fund and Large Cap Strategies Fund. The Strategic Opportunities Fund and the Subsidiary have retained Citibank, N.A. (“Citibank”) to serve as their custodian and the Small & Mid Cap Strategies Fund

has retained Citibank to serve as its co-custodian. Citibank is responsible for maintaining the custody of these Funds’ securities and cash and assets of the Small & Mid Cap Strategies Fund managed by the sub-advisers. For providing these services, Citibank receives a fee from each Fund calculated daily and paid monthly based on safekeeping and transaction fees that vary by country.

E. Fee Waivers. BIM may voluntarily waive a portion of its advisory fee to limit the Funds’ total expenses. BIM may terminate this voluntary waiver at any time. BIM, however, does not have the ability to recapture fees currently being waived at a later date. BIM has contractually committed through October 31, 2021 to waive its advisory fees to the extent necessary to maintain the net operating expense ratios, excluding fund transaction costs, investment interest expense, dividend expenses associated with securities sold short and acquired fund fees and expenses, if any, of the Large Cap Strategies Fund at 1.15%, the Small & Mid Cap Strategies Fund at 1.11%, the Strategic Opportunities Fund at 1.20%, the Fixed Income Fund at 0.57%, the Municipal Bond Fund at 0.57%, the California Municipal Bond Fund at 0.57%, the New York Municipal Bond Fund at 0.57% and the All Cap ESG Fund at 1.00%. Effective December 3, 2018, the Board approved the lowering of the expense cap with respect to the Fixed Income Fund and Municipal Bond Fund from 0.70% to 0.57%. Any waiver amounts are disclosed in the Statements of Operations. For the six months ended April 30, 2019, BIM waived $50,765 for the All Cap ESG Fund, $1,429,908 for the Small & Mid Cap Strategies Fund, $3,062,688 for the Strategic Opportunities Fund, $586,592 for the Fixed Income Fund, $949,757 for the Municipal Bond Fund, $160,796 for the California Municipal Bond Fund and $199,785 for the New York Municipal Bond Fund. The All Cap ESG Fund had offering cost waivers of $24,421. The Fixed Income Fund and Municipal Bond Fund had shareholder servicing fee waivers of $76,524 and 202,495 respectively. The contractual advisory fee waivers and the shareholder servicing fee waivers may be changed or terminated at any time with the approval of the Board.

F. Board of Directors’ Fees. Effective February 1, 2018, each Director who is not an “interested person” of the Corporation (as that term is defined under the 1940 Act) (each, an “Independent Director”) receives from the Funds a total annual retainer of $235,000, plus $30,000 for serving as the Board’s Chairperson and $15,000 as the Audit Committee Chairperson.

Each Independent Director is reimbursed for all out-of-pocket expenses relating to attendance at meetings of the Board and any Board committee. Directors who are not Independent Directors, officers or employees of BIM and BNY Mellon do not receive compensation from the Funds. Fees paid are allocated to the Funds on a pro rata basis based on net assets.

Investment transactions for the six months ended April 30, 2019, excluding short-term debt investments and U.S. Government securities, were as follows:

Purchase and sales of U.S. Government Securities, excluding those with maturity of one year or less during the six months ended April 30, 2019 were as follows:

It is the policy of each Fund to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and to make distributions from net investment income and net realized capital gains sufficient to relieve it from all, or substantially

all, federal income taxes. Federal income tax regulations differ from accounting principles generally accepted in the U.S.; therefore, distributions determined in accordance with tax regulations may differ in amount or character from net investment income and realized gains for financial reporting purposes. Financial reporting records are adjusted for permanent book/tax differences to reflect tax character within the components of net assets in the Statements of Assets and Liabilities. These permanent differences primarily arise from utilization of earnings and profits on shareholder redemptions. Financial records are not adjusted for temporary differences. Temporary differences primarily arise from the tax treatment of wash sales, passive foreign investment companies, and index options.

As of April 30, 2019, the tax cost of investments and the breakdown of unrealized appreciation (depreciation) for each Fund were as follows:

By investing in the Subsidiary, the Strategic Opportunities Fund will gain exposure to commodities and commodity-linked instruments within the limits of Subchapter M of the Code.

The Funds may be subject to taxes imposed by other countries in which they invest. Such taxes are generally based on income earned as well as capital gains and in certain situations, unrealized gains. These taxes are accrued and applied to net investment income, net realized gains and unrealized gains, if applicable, as such income and/or gains are earned.

The Funds may accrue a deferred tax liability for unrealized gains on India and Pakistan securities based on existing tax rates and holding periods of the securities. As of April 30, 2019, the Large Cap Strategies Fund and the Small & Mid Cap Strategies Fund recorded liabilities of $1,093,130 and $62,913, respectively, in the Statements of Assets and Liabilities as an estimate for potential future India and Pakistan capital gain taxes.

The tax character of distributions from the Funds during the year ended October 31, 2018 was as follows (amounts in thousands):

The difference in classification between the amounts reflected above and the Statements of Changes in Net Assets is primarily due to short-term capital gain distributions.

As of and during the year ended April 30, 2019, the Funds did not have any liabilities for any uncertain tax positions. The Funds recognize interest and penalties, if any, related to unrecognized tax positions as income tax expense in the Statements of Operations. During the year, the Funds did not incur any interest or penalties. The statute of limitation on each Fund’s U.S.

federal income tax returns remains open for each of the four years ended October 31, 2018. The statutes of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

As of October 31, 2018, the All Cap ESG Fund had a short-term capital loss carryforward of $639,506, the Fixed Income Fund had a short-term capital loss carryforward of $6,706,576, and a long-term capital loss carryforward of $12,231,170 and the Municipal Bond Fund had a short-term capital loss carryforward of $4,968,656 and a long-term capital loss carryforward of $2,660,435 available to offset future realized capital gains in accordance with the Regulated Investment Company Modernization Act of 2010. This capital loss carryforward is not subject to expiration and must first be utilized to offset future realized gains of the same character.

The capital loss carryforward will reduce the applicable Fund’s taxable income arising from future net realized gains on investments, if any, to the extent permitted by the Code, and thus will reduce the amount of the distributions to shareholders which would otherwise be necessary to relieve the Funds of any liability for federal tax.

Under current tax law, ordinary losses incurred after December 31 of a Fund’s fiscal year may be deferred and treated as occurring on the first business day of the following fiscal year for tax purposes.

The Strategic Opportunities Fund may invest in loan and other participation interests, which may include financing commitments obligating the Strategic Opportunities Fund to advance additional amounts on demand. As of April 30, 2019, these unfunded commitments totaled $4,040,872. In connection with these investments, the Strategic Opportunities Fund may also enter into bridge loan commitments (“commitments”). Bridge loan commitments may obligate the Strategic Opportunities Fund to furnish temporary financing to a borrower until permanent financing can be arranged. As of October 31, 2018, the Strategic Opportunities Fund had no outstanding bridge loan commitments. In connection with these commitments, the Strategic Opportunities Fund would earn a commitment fee, typically set as a percentage of the commitment amount. Such fee income, which would be included in interest income in the Statements of Operations, is recognized ratably over the commitment period.

Management has evaluated the impact of all subsequent events on the Funds and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

The Funds’ proxy voting guidelines, used to determine how to vote proxies relating to portfolio securities and information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the U.S. Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.

The Funds provide a complete list of the Funds’ holdings four times in each fiscal year, at the quarter-ends. For the second and fourth quarters, the Schedule of Investments appear in the Funds’ semi-annual and annual reports to shareholders. For the first and third quarters, the Funds file the Schedule of Investments with the SEC on Form N-Q. Shareholders can obtain the Funds’ Form N-Q (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the SEC’s website at http://www.sec.gov. The Fund’s N-Q may be reviewed or copied at the SEC Public Reference Room in Washington D.C. Information on the operation of the Public Reference Room may be obtained by calling (800) SEC-0330.

Each Fund files a complete schedule of its fund holdings for the first and third quarters of its fiscal year with the SEC on Form N-PORT. Prior to March 31, 2019, each Fund filed a complete schedule of its fund holdings for the first and third quarters of its fiscal year with the SEC on Form N-Q. The Funds’ Forms N-PORT and Forms N-Q are available on the SEC’s website at http:www.sec.gov. Portfolio holdings information may be obtained upon request and without charge by calling (800) 607-2200.

Investment Adviser:

Bessemer Investment Management LLC
630 Fifth Avenue
New York, NY 10111
(212) 708-9100

Distributor:

Foreside Funds Distributors LLC
400 Berwyn Park
899 Cassatt Road
Berwyn, PA 19312

Custodians:

Bessemer Trust Company
100 Woodbridge Center Drive
Woodbridge, NJ 07095

Citibank, N.A.
388 Greenwich Street
New York, NY 10013

Administrator:

BNY Mellon Investment Servicing (US) Inc.
760 Moore Road
King of Prussia, PA 19406

Transfer Agent:

BNY Mellon Investment Servicing (US) Inc.
760 Moore Road
King of Prussia, PA 19406

Independent Registered Public Accounting Firm:

Ernst & Young LLP
5 Times Square
New York, NY 10036

Mutual funds are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves investment risks, including possible loss of principal.

This report is authorized for distribution to prospective investors only when preceded or accompanied by the Funds’ prospectus which contains facts concerning the Funds’ objectives and policies, management fees, expenses and other information.

The information in this report is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections, or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Furthermore, Bessemer Investment Management LLC and its affiliates, as agents for their clients, and any of its officers or employees may have a beneficial interest or position in any of the securities mentioned, which may be contrary to any opinion or projection expressed in this report.

Cusip 680414307
Cusip 680414604
Cusip 680414109
Cusip 680414406
Cusip 680414505
Cusip 680414802
Cusip 680414885
Cusip 680414869
Cusip 680414877
(OWF_A21-SAR2019)
(4/19)

Shares			Value
COMMON STOCKS — 91.5%
ARGENTINA — 0.2%
	21,802	MercadoLibre, Inc.(a)	$	10,555,220
AUSTRALIA — 2.1%
	24,428	A2B Australia Ltd.		34,468
	673,381	Accent Group Ltd.		766,971
	187,701	Adairs Ltd.		248,199
	28,032	Adelaide Brighton Ltd.		85,651
	129,757	Afren Plc(a)(b)		0
	34,185	Ainsworth Game Technology Ltd.		19,879
	8,091	Alliance Aviation Services Ltd.		14,852
	22,623	ALS Ltd.		126,818
	298,851	Altium Ltd.		7,142,042
	58,372	Alumina Ltd.		92,367
	42,221	AMA Group Ltd.		34,273
	111,683	AMP Ltd.		179,021
	459,760	Ansell Ltd.		8,753,036
	12,505	AP Eagers Ltd.		76,502
	12,281	Apollo Tourism & Leisure Ltd.		7,518
	4,995	Appen Ltd.		89,475
	4,250	Arb Corp Ltd.		54,358
	11,923	Arq Group Ltd.		14,746
	30,727	Asaleo Care Ltd.(a)		19,933
	16,109	Atlas Arteria Ltd.		79,547
	11,127	AUB Group Ltd.		99,305
	4,018,028	Aurelia Metals Ltd.(a)		2,114,233
	44,794	Aurizon Holdings Ltd.		150,307
	31,934	Ausdrill Ltd.		36,982
	57,268	Ausnet Services		71,699
	64,178	Austal Ltd.		120,872
	38,575	Australian Agricultural Co. Ltd.(a)		32,111
	15,312	Australian Finance Group Ltd.		12,959
	1,106,718	Australian Pharmaceutical Industries Ltd.		1,124,257
	32,465	Automotive Holdings Group Ltd.		54,999
	9,634	Baby Bunting Group Ltd.		16,651
	67,924	Bank of Queensland Ltd.		443,925
	4,472	Bapcor Ltd.		17,957
	240,444	Base Resources Ltd.(a)		45,009
	356,802	Beach Energy Ltd.		535,042
	6,923	Bega Cheese Ltd.		24,746
	5,237	Bellamy’s Australia Ltd.(a)		39,824
	41,648	Bendigo & Adelaide Bank Ltd.		302,502
	513	Blackmores Ltd.		33,447
	79,059	BlueScope Steel Ltd.		751,281
	130,078	Boral Ltd.		445,340
	1,447,472	Bravura Solutions Ltd.		5,895,993
	2,824	Breville Group Ltd.		38,274
	146,738	Brickworks Ltd.		1,693,310
	16,700	BWX Ltd.		25,475
	28,630	Caltex Australia Ltd.		548,988
	67,610	Capitol Health Ltd.		12,618
	18,621	Cardno Ltd.(a)		13,071

Shares			Value
AUSTRALIA (continued)
	10,461	carsales.com Ltd.	$	99,381
	96,536	Cash Converters International Ltd.(a)		10,543
	12,054	Cedar Woods Properties Ltd.		48,417
	14,195	Challenger Ltd.		82,174
	52,822	Champion Iron Ltd.(a)		82,797
	25,326	Citadel Group Ltd. (The)		122,856
	24,057	City Chic Collective Ltd.(a)		27,583
	168,093	Cleanaway Waste Management Ltd.		266,930
	47,186	Clinuvel Pharmaceuticals Ltd.		796,665
	21,386	Clover Corp. Ltd.		33,251
	29,990	Coca-Cola Amatil Ltd.		186,031
	36,451	Codan Ltd.		83,603
	62,006	Collins Foods Ltd.		326,006
	132,127	Cooper Energy Ltd.(a)		50,268
	2,470	Corporate Travel Management Ltd.		46,475
	13,188	Costa Group Holdings Ltd.		52,792
	4,331	Credit Corp. Group Ltd.		72,869
	116,192	CSR Ltd.		291,886
	100,256	Data#3 Ltd.		125,920
	24,019	Decmil Group Ltd.(a)		16,014
	19,860	Domain Holdings Australia Ltd.		37,856
	2,399	Domino’s Pizza Enterprises Ltd.		72,722
	377,063	Downer EDI Ltd.		2,058,722
	19,275	DuluxGroup Ltd.		132,510
	23,388	DWS Ltd.		16,823
	5,767	Elders Ltd.		24,579
	21,026	Emeco Holdings Ltd.(a)		30,877
	737	Eqt Holdings Ltd.		14,191
	122,077	ERM Power Ltd.		150,079
	250,224	Estia Health Ltd.		509,974
	29,027	Event Hospitality and Entertainment Ltd.		268,178
	1,064,656	Evolution Mining Ltd.		2,399,925
	7,724	Fleetwood Corp. Ltd.(a)		10,600
	2,065	Flight Centre Travel Group Ltd.		55,939
	4,032	Freedom Foods Group Ltd.		14,759
	4,600	G.U.D. Holdings Ltd.		38,332
	21,841	G8 Education Ltd.		46,974
	11,476	Galaxy Resources Ltd.(a)		11,844
	10,000	GBST Holdings Ltd.		17,934
	68,121	GDI Property Group, REIT		66,810
	21,331	Genworth Mortgage Insurance Australia Ltd.		35,975
	23,879	GrainCorp Ltd. - Class A		151,434
	594,535	Grange Resources Ltd.		111,306
	32,430	GWA Group Ltd.		77,023
	12,711	Hansen Technologies Ltd.		26,996
	50,284	Harvey Norman Holdings Ltd.		147,842
	11,239	Healius Ltd.		24,707
	190,054	Healthscope Ltd.		328,363
	3,976	Helloworld Travel Ltd.		12,371
	172,755	Horizon Oil Ltd.(a)		14,556
	49,386	HT&E, Ltd.		60,250

Shares			Value
AUSTRALIA (continued)
	2,294	HUB24 Ltd.	$	24,276
	3,631	Huon Aquaculture Group Ltd.		12,100
	416,958	IDP Education Ltd.		4,588,461
	1,469,902	Iluka Resources Ltd.		8,969,638
	466,699	Imdex Ltd.(a)		342,370
	13,857	IMF Bentham Ltd.(a)		27,007
	1,571,302	Incitec Pivot Ltd.		3,734,050
	338,917	Independence Group NL		1,068,465
	420,055	Infomedia Ltd.		530,347
	14,303	Inghams Group Ltd.		44,883
	13,021	Integral Diagnostics Ltd.		28,126
	28,415	Integrated Research Ltd.		49,771
	6,451	Invocare Ltd.		69,606
	16,476	IOOF Holdings Ltd.		75,420
	115,650	IPH Ltd.		581,815
	38,004	Iress Ltd.		384,125
	25,657	iSelect Ltd.(a)		10,857
	21,023	IVE Group Ltd.		32,311
	21,812	Japara Healthcare Ltd.		23,687
	7,601	JB Hi-Fi Ltd.		138,152
	5,604	Johns Lyng Group Ltd.		5,932
	168,484	Jumbo Interactive Ltd.		2,044,942
	75,445	Jupiter Mines Ltd.		18,907
	44,027	Link Administration Holdings Ltd.		236,159
	53,673	Lovisa Holdings Ltd.		381,799
	249,831	MACA Ltd.		181,506
	635,918	Macmahon Holdings Ltd.(a)		87,562
	9,061	Magellan Financial Group Ltd.		285,218
	23,600	Mastermyne Group Ltd.(a)		14,305
	887,090	Mayne Pharma Group Ltd.(a)		438,454
	5,377	McMillan Shakespeare Ltd.		50,288
	9,895	McPherson’s Ltd.		8,368
	230,192	Medibank Private Ltd.		463,921
	23,664	Mesoblast Ltd.(a)		27,412
	36,987	Metals X Ltd.(a)		7,314
	121,068	Metcash Ltd.		244,974
	15,848	Michael Hill International Ltd.		7,155
	267,824	Mineral Resources Ltd.		2,946,170
	134,699	MMA Offshore Ltd.(a)		16,608
	186,000	MMG Ltd.(a)		80,526
	2,506	Mnf Group Ltd.		7,859
	3,779	Monadelphous Group Ltd.		50,467
	103,470	Monash Ivf Group Ltd.		78,392
	21,011	Money3 Corp. Ltd.		28,926
	1,772,773	Mount Gibson Iron Ltd.		1,494,581
	190,494	Myer Holdings Ltd.(a)		95,557
	75,800	MYOB Group Ltd.(a)(b)		181,680
	31,145	MyState Ltd.		92,531
	450,191	Navigator Global Investments Ltd.		1,273,238
	24,976	Navitas Ltd.		101,874
	1,544,123	New Hope Corp. Ltd.		2,932,847
	9,130	NEXTDC Ltd.(a)		41,146
	29,325	NIB Holdings Ltd.		118,881
	5,972	Nick Scali Ltd.		26,635

Shares			Value
AUSTRALIA (continued)
	286,039	Nine Entertainment Co. Holdings, Ltd.	$	352,588
	698,777	Northern Star Resources Ltd.		4,046,306
	321,100	NRW Holdings, Ltd.		665,493
	23,174	Nufarm Ltd.		82,801
	328,958	OceanaGold Corp.		923,253
	11,277	OFX Group Ltd.		12,172
	4,884	oOh!media Ltd.		12,998
	26,287	Orica Ltd.		344,657
	3,559	Orocobre Ltd.(a)		8,379
	3,815,093	Orora Ltd.		8,152,173
	703,789	OZ Minerals Ltd.		4,955,565
	28,429	Pacific Current Group Ltd.		94,778
	24,322	Pacific Energy Ltd.		10,983
	23,618	Pact Group Holdings Ltd.		43,804
	29,070	Paragon Care Ltd.		9,017
	13,359	Peet Ltd.		9,564
	14,091	Pendal Group Ltd.		90,759
	20,577	People Infrastructure Ltd.		37,060
	3,417	Perpetual Ltd.		98,648
	241,332	Perseus Mining Ltd.(a)		76,798
	7,756	Platinum Asset Mangement Ltd.		27,257
	2,425	Premier Investments Ltd.		29,195
	149,175	Pro Medicus Ltd.		2,153,537
	21,730	QMS Media Ltd.		10,878
	118,373	Qube Holdings Ltd.		236,285
	111,348	Quintis Ltd.(a)(b)		0
	638,800	Ramelius Resources Ltd.(a)		338,272
	65,355	RCR Tomlinson Ltd.(a)(b)		0
	306,813	Red 5 Ltd.(a)		22,747
	24,124	Reece Ltd.		175,598
	853,110	Regis Resources Ltd.		2,886,259
	7,115	Reject Shop Ltd. (The)		11,791
	58,503	Resolute Mining Ltd.		46,794
	163,272	Rhipe Ltd.		279,801
	53,210	Ridley Corp. Ltd.		51,709
	4,184	Ruralco Holdings Ltd.		12,892
	759,635	Sandfire Resources NL		3,778,440
	891,015	Saracen Mineral Holdings Ltd.(a)		1,757,519
	6,519	SeaLink Travel Group Ltd.		18,431
	237,565	Seek Ltd.		3,051,293
	5,587	Select Harvests Ltd.		25,233
	136,793	Senex Energy Ltd.(a)		34,211
	10,409	Servcorp Ltd.		22,629
	420,943	Service Stream Ltd.		700,582
	8,174	Seven Group Holdings Ltd.		113,028
	367,283	Seven West Media Ltd.(a)		146,579
	10,138	Shaftesbury Plc, REIT		21,998
	227,173	Sigma Healthcare Ltd.		84,020
	161,036	Silver Lake Resources Ltd.(a)		89,616
	4,642	Smartgroup Corp. Ltd.		27,777
	124,447	Southern Cross Media Group Ltd.		110,546
	40,534	Spark Infrastructure Group		64,660
	38,791	SpeedCast International Ltd.		106,101

Shares			Value
AUSTRALIA (continued)
	24,650	SRG Global Ltd.	$	6,079
	1,226,965	St Barbara Ltd.		2,771,704
	43,613	Stanmore Coal Ltd.		40,638
	69,817	Star Entertainment Group Ltd.		223,553
	74,822	Steadfast Group Ltd.		179,880
	37,756	Sunland Group Ltd.		42,773
	16,792	Super Retail Group Ltd.		102,565
	8,547	Superloop Ltd.(a)		10,197
	25,823	Tassal Group Ltd.		93,254
	225,081	Technology One Ltd.		1,395,926
	13,225	Thorn Group Ltd.(a)		4,101
	4,364	Tiger Resources Ltd.(a)(c)		0
	109,463	TPG Telecom Ltd.		520,135
	26,484	Villa World Ltd.		41,890
	24,862	Village Roadshow Ltd.(a)		63,024
	492,324	Virgin Australia Holdings Ltd.(a)		62,395
	12,200	Virtus Health Ltd.		34,168
	312,758	Vita Group Ltd.		379,884
	999,427	Vocus Group Ltd.(a)		2,753,224
	11,013	Webjet Ltd.		130,883
	8,558	Webster Ltd.		9,154
	1,595,928	Western Areas NL		2,550,133
	21,219	Westgold Resources Ltd.(a)		22,230
	639,065	Whitehaven Coal Ltd.		1,895,362
	1,896	Wisetech Global Ltd.		30,022
	45,947	WorleyParsons Ltd.		462,997
	65,654	WPP AUNZ Ltd.		25,660
				127,456,651
AUSTRIA — 0.1%
	2,271	Agrana Beteiligungs AG		51,006
	14,870	ams AG		627,696
	2,614	Andritz AG		124,835
	1,658	AT&S Austria Technologie & Systemtechnik AG		33,110
	4,585	Austria Technologie & Systemtechnik AG		91,501
	32,280	CA Immobilien Anlagen AG		1,132,337
	4,745	DO & CO AG		401,050
	4,927	EVN AG		73,715
	1,782	FACC AG		29,293
	1,017	Flughafen Wien AG		44,690
	478	Kapsch TrafficCom AG		17,693
	801	Lenzing AG		90,045
	1,044	Mayr Melnhof Karton AG		135,193
	9,955	Oesterreichische Post AG		387,672
	1,182	Palfinger AG		38,576
	2,933	POLYTEC Holding AG		33,911
	1,766	Porr Ag		47,052
	22,423	Raiffeisen Bank International AG		598,074
	3,202	Rhi Magnesita NV		197,769
	491	Rhi Magnesita NV		31,821
	24,359	S IMMO AG		533,279
	2,419	S&T AG		65,358

Shares			Value
AUSTRIA (continued)
	862	Schoeller-Bleckmann Oilfield Equipment AG	$	80,527
	16,189	Strabag SE		543,916
	41,528	Telekom Austria AG		311,303
	962	UBM Development AG		45,348
	16,844	UNIQA Insurance Group AG		179,507
	3,226	Vienna Insurance Group AG Wiener Versicherung Gruppe		89,828
	24,393	Voestalpine AG		784,824
	13,734	Wienerberger AG		315,621
	14,655	Zumtobel Group AG(a)		105,595
				7,242,145
BELGIUM — 0.5%
	4,423	Ackermans & van Haaren NV		712,649
	494	Aedifica SA REIT		44,372
	30,578	Ageas		1,615,914
	42,892	AGFA - Gevaert NV(a)		185,557
	7,075	Akka Technologies SA		519,597
	659	Atenor		49,351
	96	Banque Nationale de Belgique		273,640
	8,308	Barco NV		1,477,636
	492	Befimmo SA REIT		28,199
	8,866	Bekaert SA		242,659
	959	Biocartis NV(a)		12,407
	6,096	Bpost SA		73,390
	7,642	Cie d’Entreprises CFE		761,404
	1,064	Cie Immobiliere de Belgique SA		70,402
	607	Cofinimmo SA REIT		77,631
	76,158	Colruyt SA		5,497,797
	40,458	Deceuninck NV		103,543
	34,624	D’ieteren SA/NV		1,434,090
	17,352	Econocom Group SA/NV		72,390
	5,183	Elia System Operator SA NV		349,825
	29,548	Euronav NV		279,914
	16,086	EVS Broadcast Equipment SA		411,263
	10,770	Exmar NV(a)		71,640
	2,571	Fagron NV		51,065
	91,167	Galapagos NV(a)		10,471,740
	2,054	Gimv NV		123,520
	101	Home Invest Belgium REIT		11,193
	1,308	Intervest Offices & Warehouses NV REIT		37,081
	573	Jensen-Group NV		21,724
	988	Kinepolis Group NV		58,831
	25	Lotus Bakeries NV		65,679
	1,139	Melexis NV		91,535
	667	Montea SCA REIT		56,113
	11,094	Ontex Group NV		279,287
	66,351	Orange Belgium SA		1,392,067
	340	Picanol		27,705
	112,331	Proximus SADP		3,146,077
	7,898	Recticel SA		82,591
	436	Resilux		72,430
	143	Retail Estates NV REIT		13,349

Shares			Value
BELGIUM (continued)
	422	Roularta Media Group NV	$	6,707
	3,103	Sioen Industries NV		88,304
	1,836	Sipef NV		100,547
	1,574	Telenet Group Holding NV		83,600
	187	TER Beke SA		29,134
	7,734	Tessenderlo Chemie NV(a)		279,681
	60,539	ThromboGenics NV(a)		270,281
	201,000	Trony Solar Holdings Co. Ltd.(a)(b)		0
	1,138	Van de Velde NV		38,452
	643	Warehouses De Pauw CVA REIT		96,494
	8	Wereldhave Belgium Comm REIT		768
				31,361,225
BERMUDA — 0.9%
	428,820	Argo Group International Holdings Ltd.		33,477,977
	49,643	Axis Capital Holdings Ltd.		2,822,205
	13,600	Enstar Group, Ltd.(a)		2,410,736
	11,949	Everest Re Group Ltd.		2,813,990
	18,089	Hiscox Ltd.		395,656
	291,700	James River Group Holdings Ltd.		12,315,574
				54,236,138
BRAZIL — 0.3%
	6,400	Aliansce Shopping Centers SA		30,979
	3,600	Alliar Medicos A Frente SA(a)		13,808
	12,556	Alpargatas SA - Preference Shares		49,602
	1,700	Arezzo Industria e Comercio SA		21,851
	15,474	Azul S.A. - Preference Shares(a)		133,978
	3,662	B2W Cia Digital(a)		35,881
	4,519	Banco ABC Brasil SA - Preference Shares		22,335
	42,100	Banco do Estado do Rio Grande do Sul SA - Class B, Preference Shares		258,220
	18,600	BR Malls Participacoes SA		58,630
	8,600	Brasilagro - Co Brasileira de Propriedades Agricolas		34,127
	14,259	BRF - Brasil Foods SA(a)		112,695
	12,171	Camil Alimentos SA		21,480
	80,321	CCR SA		242,124
	2,600	Centrais Eletricas Brasileiras SA(a)		21,749
	16,093	Cia Brasileira de Distribuicao - Preference Shares		396,754
	18,766	Cia de Locacao das Americas		195,743
	6,200	Cia de Saneamento Basico do Estado de Sao Paulo		74,348
	1,600	Cia de Saneamento de Minas Gerais-COPASA		28,261
	5,735	Cia de Saneamento do Parana - Preference Shares		20,886

Shares			Value
BRAZIL (continued)
	1,900	Cia De Saneamento Do Parana-Units	$	37,941
	4,800	Cia de Transmissao de Energia Eletrica Paulista - Preference Shares		25,793
	5,000	Cia Energetica de Minas Gerais		22,341
	423,100	Cia Energetica de Minas Gerais - ADR		1,565,470
	20,276	Cia Energetica de Minas Gerais - Preference Shares		75,031
	5,400	Cia Energetica de Sao Paulo - Class B, Preference Shares		35,806
	32	Cia Energetica do Ceara - Class A, Preference Shares		410
	5,800	Cia Ferro Ligas da Bahia-FERBASA - Preference Shares		31,314
	3,100	Cia Hering		25,173
	2,700	Cia Paranaense de Energia - Class B, Preference Shares		28,239
	73,900	Cia Siderurgica Nacional SA(a)		273,466
	66,700	Cielo SA		131,321
	16,056	Construtora Tenda SA		73,255
	5,646	Cosan Logistica SA(a)		20,778
	24,207	Cosan SA Industria e Comercio		288,365
	8,700	CSU Cardsystem SA		15,176
	6,400	CVC Brasil Operadora e Agencia de Viagens SA		92,872
	14,600	Cyrela Brazil Realty SA Empreendimentos e Participacoes		65,905
	11,600	Direcional Engenharia SA		24,435
	61,795	Duratex SA		156,493
	319,918	EDP - Energias do Brasil S.A.		1,438,411
	683,311	Embraer SA		3,419,082
	182,785	Embraer SA - ADR		3,657,528
	5,040	Energisa SA - Units		53,599
	3,200	Eneva SA(a)		16,175
	3,700	Engie Brasil Energia SA		42,066
	1,000	Equatorial Energia SA		20,937
	29,000	Estacio Participacoes SA		203,017
	4,363	Ez Tec Empreendimentos e Participacoes SA		24,290
	8,800	Fleury SA		46,591
	79,400	Gerdau S.A - Preference Shares		287,542
	24,400	Gerdau SA		71,997
	3,400	Gol-Linhas Aereas Inteligentes SA - Preference Shares(a)		19,519
	15,400	Grendene SA		28,710
	1,600	Guararapes Confeccoes SA		58,151
	5,900	Hapvida Participacoes E Investimentos Sa		45,893
	14,300	Hypera SA		102,989
	13	Inepar SA Industria e Construcoes(a)		41
	2,400	Instituto Hermes Pardini Sa		12,486
	18,072	Iochpe-Maxion SA		91,717

Shares			Value
BRAZIL (continued)
	3,887	IRB Brasil Resseguros S/A	$	93,629
	56,043	JBS SA		280,422
	57,400	Klabin SA - Units		243,589
	86,913	Kroton Educacional SA		217,443
	2,500	Linx SA		20,664
	14,622	Localiza Rent a Car SA		136,073
	468	LOG Commercial Properties e Participacoes SA(a)		2,123
	5,874	Lojas Americanas SA		19,325
	14,244	Lojas Americanas SA - Preference Shares		57,287
	32,053	Lojas Renner SA		378,642
	2,100	Magazine Luiza SA		101,730
	5,732	Mahle-Metal Leve SA		35,420
	28,099	Marcopolo SA - Preference Shares		25,367
	14,800	Mills Estruturas e Servicos de Engenharia SA(a)		17,664
	5,300	Movida Participacoes SA		15,977
	18,086	MRV Engenharia e Participacoes SA		67,250
	7,700	Natura Cosmeticos SA		102,016
	11,200	Odontoprev SA		48,101
	10,800	Petrobras Distribuidora SA		64,672
	17,855	Porto Seguro SA		247,578
	21,600	Portobello SA		26,662
	7,196	Qualicorp Consultoria e Corretora de Seguros SA		31,547
	5,400	Raia Drogasil SA		94,432
	17,200	Randon Participacoes SA - Preference Shares		37,373
	19	Restoque Comercio e Confeccoes de Roupas SA		143
	48,585	Rumo SA(a)		224,271
	20,350	Santos Brasil Participacoes SA		19,877
	23,483	Sao Martinho SA		113,909
	3,900	Ser Educacional SA		22,926
	7,600	SLC Agricola SA		79,797
	200	Sonae Sierra Brasil SA		1,494
	55,012	Sul America SA - Units		439,411
	80,924	Suzano Papel e Celulose SA		844,098
	5,800	T4F Entretenimento SA		8,890
	2,900	Tegma Gestao Logistica		18,179
	4,700	Tim Participacoes SA		14,000
	3,700	Transmissora Alianca de Energia Eletrica S.A. - Units		24,921
	9,500	Tupy SA		42,593
	20,800	Ultrapar Participacoes SA		111,556
	4,920	Unipar Carbocloro SA - Preference Shares		48,283
	24,600	Usinas Siderurgicas de Minas Gerais SA - Class A, Preference Shares		54,080
	9,600	Usinas Siderurgicas de Minas Gerais SA Usiminas		25,903

Shares			Value
BRAZIL (continued)
	7,097	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA	$	31,964
	73,200	Via Varejo SA		76,353
	5,500	Vulcabras Azaleia Sa(a)		8,612
				18,980,022
CAMBODIA — 0.0%
	56,000	NagaCorp Ltd.		71,912
CANADA — 1.7%
	70,488	Absolute Software Corp.		468,271
	1,408	Acadian Timber Corp.		17,551
	5,636	Advantage Oil & Gas Ltd.(a)		9,339
	116,336	Aecon Group, Inc.		1,662,935
	700	AG Growth International, Inc.		30,572
	10,400	AGF Management Ltd. - Class B		43,007
	206,700	Aimia, Inc.(a)		646,468
	9,300	Air Canada(a)		223,250
	1,200	AirBoss of America Corp.		8,474
	22,276	Alamos Gold, Inc. - Class A		103,424
	3,300	Alaris Royalty Corp.		44,659
	2,170	Alcanna, Inc.		8,504
	2,881	Algoma Central Corp.		28,322
	7,289	Algonquin Power & Utilities Corp.		83,189
	2,900	AltaGas Canada, Inc.		41,756
	16,143	AltaGas Ltd.		214,605
	2,200	Altus Group Ltd.		44,437
	13,000	Amerigo Resources Ltd.(a)		8,054
	1,400	Andrew Peller Ltd.		13,805
	7,600	Aphria, Inc.(a)		57,977
	53,354	ARC Resources Ltd.		338,914
	135,344	Aritzia, Inc.(a)		1,962,927
	8,000	Artis Real Estate Investment Trust, REIT		62,283
	14,945	Asanko Gold, Inc.(a)		9,705
	2,100	Atco Ltd. - Class I		72,027
	51,400	Athabasca Oil Corp.(a)		38,367
	7,300	Atrium Mortgage Investment Corp.		73,180
	53,400	ATS Automation Tooling Systems, Inc.(a)		854,990
	1,954	AutoCanada, Inc.		17,313
	215,754	B2Gold Corp.(a)		586,209
	3,500	Badger Daylighting Ltd.		118,060
	48,233	Barrick Gold Corp.		535,495
	29,895	Birchcliff Energy Ltd.		78,101
	8,000	Bird Construction, Inc.		47,294
	21,600	Black Diamond Group Ltd.(a)		42,565
	15,163	BlackBerry Ltd.(a)		139,101
	19,600	Boardwalk Real Estate Investment Trust, REIT		568,966
	94,557	Bonavista Energy Corp.		74,110
	7,100	Bonterra Energy Corp.		35,455
	2,800	Boralex, Inc. - Class A		38,226

Shares			Value
CANADA (continued)
	16,900	Boyd Group Income Fund - Units	$	1,856,767
	4,300	BRP, Inc.		133,651
	15,167	CAE, Inc.		352,768
	16,500	Calfrac Well Services Ltd.(a)		38,550
	500	Calian Group Ltd.		12,928
	300	Cameco Corp.		3,310
	16,100	Canaccord Genuity Group, Inc.		68,621
	5,550	Canacol Energy Ltd.(a)		16,571
	600	Canada Goose Holdings, Inc.(a)		32,040
	114,215	Canadian Apartment Properties REIT		4,086,232
	93,962	Canadian Western Bank		2,106,903
	19,043	Canfor Corp.(a)		199,143
	23,657	Canfor Pulp Products, Inc.		259,049
	8,000	CanWel Building Materials Group Ltd.		28,962
	3,200	Capital Power Corp.		72,136
	72,367	Capstone Mining Corp.(a)		35,651
	46,652	Cascades, Inc.		279,626
	3,555	Celestica, Inc.(a)		25,342
	30,626	Centerra Gold, Inc.(a)		155,908
	1,400	Cervus Equipment Corp.		13,846
	18,544	CES Energy Solutions Corp.		36,127
	2,700	Chesswood Group Ltd.		20,718
	16,586	China Gold International Resources Corp. Ltd.(a)		21,666
	1,628	Choice Properties Real Estate Investment Trust, REIT		16,575
	11,700	CI Financial Corp.		168,291
	303,863	Cineplex, Inc.		5,810,980
	8,300	Cogeco Communications, Inc.		551,206
	864	Cogeco, Inc.		53,077
	600	Colliers International Group, Inc.		38,552
	1,400	Cominar Real Estate Investment Trust, REIT		11,746
	30,625	Computer Modelling Group Ltd.		134,872
	49,000	Copper Mountain Mining Corp.(a)		38,404
	1,112	Corby Spirit and Wine Ltd.		14,808
	10,393	Corus Entertainment, Inc. - Class B		59,114
	95,935	Crescent Point Energy Corp.		369,504
	121,000	Crew Energy, Inc.(a)		102,060
	5,700	CRH Medical Corp.(a)		17,359
	10,500	Denison Mines Corp.(a)		5,721
	62,500	Derwent London Plc, REIT		725,000
	6,900	Descartes Systems Group, Inc. (The)(a)		275,547
	19,488	Detour Gold Corp.(a)		173,104
	8,461	Dorel Industries, Inc. - Class B		74,461
	12,800	Dream Hard Asset Alternatives Trust - Units		73,378

Shares			Value
CANADA (continued)
	13,000	Dream Office Real Estate Investment Trust, REIT	$	226,095
	41,040	DREAM Unlimited Corp. - Class A(a)		229,140
	31,275	Dundee Precious Metals, Inc.(a)		98,282
	64,600	ECN Capital Corp.		206,863
	464	E-L Financial Corp. Ltd.		278,809
	14,152	Eldorado Gold Corp.(a)		58,945
	8,000	Element Fleet Management Corp.		49,623
	75,569	Empire Co. Ltd. - Class A		1,680,941
	3,800	Endeavour Silver Corp.(a)		8,282
	93,281	Enerflex Ltd.		1,290,212
	19,131	Enerplus Corp.		175,074
	54,566	Enghouse Systems Ltd.		1,333,908
	7,349	Ensign Energy Services, Inc.		30,884
	42,703	Entertainment One Ltd.		265,979
	12,139	Equitable Group, Inc.		661,724
	4,100	Evertz Technologies Ltd.		51,904
	2,024	Exchange Income Corp.		53,633
	14,323	Exco Technologies Ltd.		100,177
	38	EXFO, Inc.(a)		173
	6,300	Extendicare, Inc.		38,420
	2,700	Fiera Capital Corp.		25,112
	8,982	Finning International, Inc.		161,243
	1,234	First Capital Realty Inc.		19,666
	2,051	First Majestic Silver Corp.(a)		12,600
	1,563	First National Financial Corp.		37,520
	4,200	FirstService Corp. - Voting Shares		365,482
	28,663	Fortuna Silver Mines, Inc.(a)		87,720
	1,000	GDI Integrated Facility Services, Inc.(a)		18,437
	16,000	Gear Energy Ltd.(a)		9,435
	12,021	Genworth MI Canada, Inc.		373,542
	81,900	Gibson Energy, Inc.		1,350,430
	1,040	goeasy Ltd.		37,728
	15,300	Gran Colombia Gold Corp.(a)		38,144
	74,929	Gran Tierra Energy, Inc.(a)		180,094
	70,968	Great Canadian Gaming Corp.(a)		2,727,583
	84,200	Guyana Goldfields, Inc.(a)		58,450
	56,100	H&R Real Estate Investment Trust, REIT		958,520
	12,074	Heroux-Devtek, Inc.(a)		136,989
	10,400	High Arctic Energy Services, Inc.		30,043
	650	High Liner Foods, Inc.		3,639
	86,746	Home Capital Group, Inc.(a)		1,226,371
	8,300	Horizon North Logistics, Inc.		14,745
	180,754	HudBay Minerals, Inc.		1,203,498
	9,899	Hudson’s Bay Co.		55,048
	115,427	Ia Financial Corp., Inc.		4,595,713
	48,093	IAMGOLD Corp.(a)		144,670
	3,800	IMAX Corp.(a)		92,643
	1,000	Indigo Books & Music, Inc.(a)		6,919

Shares			Value
CANADA (continued)
	2,679	Innergex Renewable Energy, Inc.	$	28,316
	9,900	Interfor Corp.(a)		123,408
	28,181	International Petroleum Corp.(a)		147,942
	2,288	International Petroleum Corp. - Sweden(a)		11,921
	4,426	Intertape Polymer Group, Inc.		61,515
	85,211	Intu Properties Plc, REIT		1,792,376
	31,200	Just Energy Group, Inc.		113,882
	20,487	K92 Mining, Inc.(a)		21,715
	1,300	K-Bro Linen, Inc.		38,456
	15,600	Kelt Exploration Ltd.(a)		64,510
	9,766	Keyera Corp.		225,689
	85,701	Killam Apartment Real Estate Investment Trust, REIT		1,210,958
	721	Kinaxis, Inc.(a)		39,400
	334	Kinder Morgan Canada Ltd.		3,737
	962,136	Kinross Gold Corp.(a)		3,059,592
	229,845	Kinross Gold Corp.(a)		730,865
	15,201	Kirkland Lake Gold Ltd.		491,420
	196,656	Largo Resources Ltd.(a)		248,077
	11,235	Laurentian Bank of Canada		355,911
	7,726	Leon’s Furniture Ltd.		83,736
	54,810	Linamar Corp.		2,079,155
	24,000	Lucara Dianmond Corp.		29,917
	68,124	Lundin Mining Corp.		365,613
	3,530	Magellan Aerospace Corp.		49,405
	9,700	Major Drilling Group International, Inc.(a)		29,831
	10,099	Maple Leaf Foods, Inc.		235,646
	19,198	Martinrea International, Inc.		195,319
	152,800	Medical Facilities Corp.		1,870,508
	217,270	MEG Energy Corp.(a)		966,581
	923	Melcor Developments Ltd.		9,466
	3,903	Methanex Corp.		213,956
	600	Morguard Corp.		86,778
	19,717	Morguard North American Residential Real Estate Investment Trust, REIT		259,616
	2,702	Morneau Shepell, Inc.		56,089
	1,286	MTY Food Group, Inc.		53,131
	14,028	Mullen Group Ltd.		104,919
	6,100	Neo Performance Materials, Inc.		56,870
	3,529	Nfi Group, Inc.		89,246
	12,579	Noranda Income Fund		27,887
	16,002	Norbord, Inc.		407,545
	5,000	North American Construction Group Ltd.		64,940
	1,046	North West Co., Inc. (The)		22,096
	4,529	Northland Power, Inc.		80,526
	38,300	NuVista Energy Ltd.(a)		124,646
	44,689	Open Text Corp.		1,717,910
	11,400	Osisko Gold Royalties Ltd.		128,832
	7,400	Painted Pony Energy Ltd.(a)		8,727
	32,403	Pan American Silver Corp.		412,626

Shares			Value
CANADA (continued)
	22,124	Parex Resources, Inc.(a)	$	376,853
	14,788	Parkland Fuel Corp.		455,771
	1,300	Pason Systems, Inc.		19,359
	29,300	Pengrowth Energy Corp.(a)		13,560
	24,952	Peyto Exploration & Development Corp.		112,682
	10,600	Polaris Infrastructure, Inc.		87,430
	9,800	Precision Drilling Corp.(a)		24,067
	936	Premium Brands Holdings Corp.		56,263
	4,315	Pretium Resources, Inc.(a)		32,756
	21,900	Quarterhill, Inc.		24,357
	77,400	Quebecor, Inc. - Class B		1,930,234
	2,900	Recipe Unlimited Corp.		58,446
	3,100	Reitmans Canada Ltd. - Class A		7,729
	2,700	Resilient REIT Ltd., REIT		23,096
	1,900	Richelieu Hardware Ltd.		29,513
	670,000	Ritchie Bros Auctioneers, Inc.		23,309,300
	4,600	Ritchie Bros. Auctioneers, Inc.		160,075
	3,100	Rocky Mountain Dealerships, Inc.		21,311
	6,354	Rogers Sugar, Inc.		29,169
	9,903	Russel Metals, Inc.		174,450
	7,588	Sandstorm Gold Ltd.(a)		40,837
	1,700	Savaria Corp.		16,369
	12,041	Secure Energy Services, Inc.		72,082
	8,801	SEMAFO, Inc.(a)		23,387
	81,078	Seven Generations Energy Ltd. - Class A(a)		635,455
	5,300	ShawCor Ltd.		78,647
	1,282	Sienna Senior Living, Inc.		17,684
	2,500	Sierra Wireless, Inc.(a)		33,478
	1,991	Sleep Country Canada Holdings, Inc.		27,613
	2,500	SmartCentres Real Estate Investment Trust REIT		63,223
	800	Spin Master Corp.(a)		26,591
	15,500	Sprott, Inc.		34,709
	49,794	SSR Mining, Inc.(a)		574,623
	22,944	SSR Mining, Inc.(a)		264,086
	909	Stantec, Inc.		22,764
	3,015	Stars Group, Inc. (The)(a)		56,893
	2,160	Stella-Jones, Inc.		73,763
	4,600	Storm Resources Ltd.(a)		7,211
	3,500	Stuart Olson, Inc.		12,122
	36,062	Summit Industrial Income REIT		319,247
	19,026	SunOpta, Inc.(a)		67,458
	23,500	Superior Plus Corp.		204,882
	32,509	Surge Energy, Inc.		35,186
	100,800	Tamarack Valley Energy Ltd.(a)		206,160
	577	TeraGo, Inc.(a)		5,147
	21,598	Teranga Gold Corp.(a)		52,395
	7,164	TFI International, Inc.		235,289
	1,901	TMX Group Ltd.		121,266
	20,700	TORC Oil & Gas Ltd.		74,166
	9,236	Torex Gold Resources, Inc.(a)		88,313

Shares			Value
CANADA (continued)
	4,945	Toromont Industries Ltd.	$	257,161
	13,864	Total Energy Services, Inc.		101,416
	121,164	Tourmaline Oil Corp.		1,811,536
	96,888	TransAlta Corp.		653,779
	3,900	Transalta Renewables, Inc.		40,377
	11,190	Transcontinental, Inc. - Class A		134,477
	15,803	TransGlobe Energy Corp.		30,905
	37,052	Trican Well Service Ltd.(a)		38,996
	29,000	Tucows, Inc. - Class A(a)		2,557,510
	51,300	Turquoise Hill Resources Ltd.(a)		76,584
	6,497	Uni-Select, Inc.		69,349
	1,680	Valener, Inc.		32,818
	8,600	Vermilion Energy, Inc.		219,606
	3,202	Wajax Corp.		37,978
	6,600	Wesdome Gold Mines Ltd.(a)		20,839
	37,600	West Fraser Timber Co. Ltd.		1,935,711
	68,638	Western Forest Products, Inc.		96,320
	6,800	Westjet Airlines Ltd.		95,983
	1,513	Westshore Terminals Investment Corp.		23,739
	50,060	Whitecap Resources, Inc.		201,406
	3,748	Winpak Ltd.		123,488
	1,214	WSP Global, Inc.		65,553
	128,466	Yamana Gold, Inc.		281,921
	9,994	Yangarra Resources Ltd.(a)		23,126
	5,814	Yellow Pages Ltd.(a)		30,205
				106,832,670
CHILE — 0.0%
	43,415	AES Gener SA		11,794
	21,597	Aguas Andinas SA - Class A		12,436
	27,560	Besalco SA		25,342
	8,688	CAP SA		99,258
	9,672	Cia Cervecerias Unidas SA		133,663
	1,045,870	Cia Sud Americana de Vapores SA(a)		33,385
	338	Clinica Las Condes SA(a)		20,685
	26,113	Coca-Cola Embonor SA - Class B, Preference Shares		61,421
	53,479	Colbún SA		11,954
	14,858	Embotelladora Andina SA - Class B, Preference Shares		53,044
	7,477	Empresa Nacional de Telecomunicaciones SA		78,300
	23,369	Engie Energia Chile SA		44,820
	724,976	Enjoy SA(a)		52,770
	113,766	Grupo Security SA		46,121
	3,218	Hortifrut SA		8,938
	112,676	Inversiones Aguas Metropolitanas SA		173,830
	1,754	Inversiones La Construccion SA		30,659
	8,200,620	Itau CorpBanca		73,252
	273,781	Masisa SA		19,702
	6,895	Parque Arauco SA		19,037
	45,001	PAZ Corp. SA		66,442

Shares			Value
CHILE (continued)
	36,589	Ripley Corp. S.A.	$	31,512
	39,651	Salfacorp SA		51,771
	120,485	Sigdo Koppers SA		227,717
	525,545	Sociedad Matriz SAAM SA		50,390
	29,332	Socovesa SA		17,236
	22,243	SONDA SA		34,699
	18,421	Vina Concha y Toro SA		38,784
				1,528,962
CHINA — 2.0%
	3,601	21Vianet Group, Inc. - ADR(a)		28,304
	45,500	3SBio, Inc.		84,126
	3,212	500.Com Ltd. - Class A - ADR(a)		40,921
	926	51Job, Inc. - ADR(a)		85,507
	2,491	58.Com Inc. - ADR(a)		178,829
	39,500	AAC Technologies Holdings, Inc.		256,598
	235,250	Agile Group Holdings Ltd.		355,409
	8,945,000	Agricultural Bank of China Ltd. - H Shares		4,134,253
	9,824,000	Aluminum Corp. of China Ltd. - H Shares(a)		3,821,205
	3,994,000	Angang Steel Co. Ltd. - H Shares		2,687,419
	410,000	Anton Oilfield Services Group(a)		56,532
	144,500	Asia Cement China Holdings Corp.		171,564
	64,000	AVIC International Holdings Ltd.		40,438
	69,000	AviChina Industry & Technology Co. - H Shares		40,603
	266,500	Baic Motor Corp. Ltd.		187,075
	8,376,770	Bank of China Ltd. - H Shares		3,999,953
	26,500	Bank of Chongqing Co. Ltd. - H Shares		17,209
	4,722,000	Bank of Communications Co. Ltd. - H Shares		3,982,659
	80,000	Baoye Group Co. Ltd. - H Shares(a)		54,740
	239,848	Baozun, Inc. - ADR(a)		11,632,628
	308,000	BBMG Corp. - H Shares		108,485
	208,000	Beijing Capital International Airport Co. Ltd. - H Shares		185,158
	122,000	Beijing Capital Land Ltd. - H Shares		51,174
	176,000	Beijing North Star Co. Ltd. - H Shares		69,851
	2,554	Bitauto Holdings, Ltd. - ADR(a)		32,793
	92,000	BYD Electronic International Co. Ltd.		164,937
	72,000	Cabbeen Fashion Ltd.		21,378
	63,000	CAR, Inc.(a)		51,027
	5,327	Cayman Engley Industrial Co. Ltd.		21,137
	235,656	Central China Real Estate Ltd.		117,367

Shares			Value
CHINA (continued)
	40,000	Central China Securities Co. Ltd. - H Shares	$	10,314
	107,000	Chaowei Power Holdings Ltd.		49,251
	70,000	China Animal Healthcare Ltd.(a)(b)(c)		4,462
	97,000	China Aoyuan Group Ltd.		117,741
	226,000	China BlueChemical Ltd. - H Shares		77,030
	1,049,000	China Cinda Asset Management Co. Ltd. - H Shares		279,758
	293,000	China Coal Energy Co. Ltd. - H Shares		129,348
	72,000	China Communications Services Corp. Ltd. - H Shares		58,071
	42,000	China Conch Venture Holdings Ltd.		141,970
	4,312,044	China Construction Bank Corp. - H Shares		3,801,350
	1,834	China Distance Education Holdings Ltd. - ADR(a)		11,884
	176,000	China Eastern Airlines Corp. Ltd. - H Shares		125,067
	326,000	China Energy Engineering Corp. Ltd. - H Shares		39,073
	149,500	China Galaxy Securities Co. Ltd. - H Shares		97,959
	124,000	China Greenland Broad Greenstate Group Co. Ltd.		9,158
	268,500	China Harmony New Energy Auto Holding Ltd.		95,340
	259,000	China Hongqiao Group Ltd.		213,507
	472,000	China Huishan Dairy Holdings Co. Ltd.(a)(b)(c)		18,953
	79,500	China Huiyuan Juice Group Ltd.(a)(b)(c)		3,839
	27,200	China International Capital Corp. Ltd.		58,504
	63,700	China International Marine Containers Group Co. Ltd. - H Shares		80,344
	3,694,000	China Lesso Group Holdings Ltd.		2,615,818
	27,000	China Lilang Ltd.		28,166
	53,000	China Longyuan Power Group Corp. - H Shares		36,549
	74,000	China Maple Leaf Educational Systems Ltd.		34,614
	71,000	China Medical System Holdings Ltd.		63,072
	70,000	China Meidong Auto Holdings Ltd.		40,563
	3,819,300	China Minsheng Banking Corp. Ltd. - H Shares		2,870,403
	186,000	China Modern Dairy Holdings Ltd.(a)		27,920
	564,834	China National Building Material Co. Ltd. - H Shares		525,700
	92,000	China Oilfield Services Ltd.		98,525

Shares			Value
CHINA (continued)
	164,000	China Oriental Group Co. Ltd.	$	100,708
	2,650,500	China Railway Construction Corp. Ltd. - H Shares		3,131,886
	4,945,000	China Railway Group Ltd. - H Shares		3,900,488
	34,000	China Railway Signal & Communication Corp. Ltd.		24,967
	199,000	China Reinsurance Group Corp. H Shares		40,604
	48,000	China Resources Pharmaceutical Group Ltd.		68,305
	18,500	China Resources Phoenix Healthcare Holdings Co. Ltd.		13,449
	165,000	China Sanjiang Fine Chemicals Co. Ltd.		43,182
	7,785,400	China SCE Group Holdings Ltd.		3,679,857
	168,000	China Silver Group Ltd.(a)		14,577
	77,000	China Sunshine Paper Holdings Co. Ltd.		12,377
	164,000	China Taifeng Beddings Holdings Ltd.(a)(b)(c)		4,233
	5,888,000	China Telecom Corp. Ltd. - H Shares		3,051,642
	31,000	China XLX Fertiliser Ltd.		11,066
	34,000	China Yuhua Education Corp. Ltd.		15,211
	209,000	China ZhengTong Auto Services Holdings Ltd.		115,942
	264,800	China Zhongwang Holdings Ltd.		144,598
	164,000	Chinasoft International Ltd.		93,747
	4,094,000	Chongqing Rural Commercial Bank Co. Ltd. - H Shares		2,394,851
	440,000	CIFI Holdings Group Co. Ltd.		292,382
	21,000	Colour Life Services Group Co. Ltd.		15,275
	26,000	Consun Pharmaceutical Group Ltd.		18,237
	1,015,600	Coolpad Group Ltd.(a)(c)		14,526
	280,093	COSCO Shipping Development Co. Ltd. - H Shares(a)		37,873
	106,000	COSCO SHIPPING Energy Transportation Co. Ltd. - H Shares		68,535
	66,500	COSCO Shipping Holdings Co. Ltd. - H Shares(a)		30,935
	127,000	Cosmo Lady China Holdings Co. Ltd.		39,218
	44,000	Country Garden Services Holdings Co. Ltd.(a)		81,270
	62,000	CPMC Holdings Ltd.		26,163
	18,500	Csc Financial Co. Ltd. - H Shares		15,794
	4,166	CSMall Group Ltd.(a)		489
	184,000	CSPC Pharmaceutical Group Ltd.		355,163
	302,000	CT Environmental Group Ltd.(b)(c)		13,089

Shares			Value
CHINA (continued)
	104,000	Da Ming International Holdings Ltd.	$	26,491
	112,000	Dali Foods Group Co. Ltd.		79,544
	525,000	Dalian Port PDA Co. Ltd. - H Shares		67,658
	92,000	Datang International Power Generation Co. Ltd. - H Shares		23,818
	168,000	Dongfeng Motor Group Co. Ltd. - H Shares		163,215
	9,800	Dongjiang Environmental Co. Ltd. - H Shares		10,919
	179,000	Dongyue Group Ltd.		130,494
	95,000	Dynagreen Environmental Protection Group Co. Ltd. - H Shares(a)		47,182
	15,400	ENN Energy Holdings Ltd.		145,545
	14,200	Everbright Securities Co. Ltd. - H Shares		13,642
	15,679	Fang Holdings Ltd. - ADR(a)		23,832
	334,500	Fantasia Holdings Group Co. Ltd.		63,457
	316,000	FIH Mobile Ltd.(a)		47,233
	38,000	Fu Shou Yuan International Group Ltd.		32,607
	227,600	Fufeng Group Ltd.		120,586
	142,000	Future Land Development Holdings Ltd.		169,343
	24,400	Fuyao Glass Industry Group Co. Ltd.		85,823
	32,000	Golden Eagle Retail Group Ltd.		37,961
	1,007,600	GOME Retail Holdings Ltd.(a)		115,719
	66,000	Goodbaby International Holdings Ltd.		18,741
	49,500	Grand Baoxin Auto Group, Ltd.		17,346
	409,500	Great Wall Motor Co. Ltd. - H Shares		333,456
	73,000	Greatview Aseptic Packaging Co. Ltd.		44,452
	169,000	Greenland Hong Kong Holdings Ltd.		69,472
	3,174,500	Greentown China Holdings Ltd.		2,877,952
	34,000	Greentown Service Group Co. Ltd.		29,346
	124,000	Guangshen Railway Co. Ltd. - H Shares		44,473
	6,000	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - H Shares		31,140
	2,806,800	Guangzhou R&F Properties Co. Ltd. - H Shares		5,583,813
	204,000	Guorui Properties Ltd.		42,821
	86,000	Haichang Ocean Park Holdings Ltd.(a)		18,228
	569	Hailiang Education Group, Inc. - ADR(a)		32,769
	32,000	Haitian International Holdings Ltd.		80,243

Shares			Value
CHINA (continued)
	42,000	Harbin Electric Co. Ltd. - H Shares	$	22,498
	63,000	Harmonicare Medical Holdings Ltd(a)(b)(c)		16,383
	47,000	HC Group, Inc.(a)		23,996
	33,000	Hengan International Group Co. Ltd.		290,137
	448,000	Hengten Networks Group Ltd.(a)		12,837
	5,000	Hiroca Holdings Ltd.		12,126
	36,000	Hisense Home Appliances Group Co. Ltd.		49,098
	33,000	HNA Infrastructure Company Ltd. - H Shares		26,737
	337,000	Honghua Group Ltd.(a)		28,811
	24,500	Honworld Group Ltd.		13,770
	68,000	HOSA International Ltd.(b)(c)		943
	23,000	Hua Hong Semiconductor Ltd.		54,518
	48,000	Huadian Power International Corp. Ltd. - H Shares		20,508
	138,000	Huan Yue Interactive Holdings Ltd.(a)		12,134
	762,000	Huaneng Renewables Corp. Ltd. - H Shares		219,654
	4,773	Huazhu Group Ltd. - ADR		202,375
	183,700	Huishang Bank Corp. Ltd. - H Shares		78,631
	5,202,000	Industrial & Commercial Bank of China Ltd. - H Shares		3,912,736
	11,900	Inner Mongolia Yitai Coal Co. Ltd. - H Shares		10,543
	90,900	JD.Com, Inc. - ADR(a)		2,751,543
	30,000	Jiangsu Expressway Co. Ltd. - H Shares		42,721
	77,000	Jiangxi Copper Co. Ltd. - H Shares		102,138
	63,000	Jingrui Holdings Ltd.		22,677
	3,567	Jinkosolar Holding Co., Ltd. - ADR(a)		69,414
	987,000	Kaisa Group Holdings Ltd.		419,118
	7,000	Kasen International Holdings Ltd.		5,687
	5,600,000	Kingdee International Software Group Co. Ltd.		6,873,818
	23,000	Kingsoft Corp. Ltd.		58,913
	99,500	KWG Property Holding Ltd.		116,700
	7,800	Legend Holdings Corp.		21,276
	416,000	Lenovo Group Ltd.		385,496
	312,000	Leoch International Technology Ltd.(a)		25,822
	195,000	Leyou Technologies Holdings Ltd.(a)		55,956
	49,000	Li Ning Co. Ltd.(a)		89,019
	128,000	Lifetech Scientific Corp.(a)		26,973
	96,000	Logan Property Holdings Co. Ltd.		152,772
	280,000	Lonking Holdings Ltd.		95,212
	56,500	Luye Pharma Group Ltd.		51,247

Shares			Value
CHINA (continued)
	10,428,000	Maanshan Iron & Steel Co. Ltd. - H Shares	$	4,806,871
	151,000	Maoye International Holdings Ltd.		12,135
	303,000	Metallurgical Corp. of China Ltd. - H Shares		83,870
	15,000	Microport Scientific Corp.		14,135
	32,000	Minth Group Ltd.		101,167
	279,800	Modern Land China Co. Ltd.		46,469
	6,657	Momo, Inc. - ADR(a)		233,461
	506	Noah Holdings Ltd. - ADR(a)		27,496
	273,000	NVC Lighting Holdings Ltd.		24,234
	4,000	On-Bright Electronics, Inc.		23,220
	54,000	O-Net Technologies Group Ltd.(a)		31,413
	18,000	Orient Securities Co. Ltd. - China - H Shares		13,018
	59,000	Ozner Water International Holding Ltd.		11,965
	7,769,715	People’s Insurance Co. Group of China Ltd. (The) - H Shares		3,181,611
	6,812,000	Postal Savings Bank of China Co. Ltd. - Class H		4,145,307
	486,000	Powerlong Real Estate Holdings Ltd.		236,704
	113,000	Qingdao Port International Co. Ltd.(a)		78,490
	212,500	Qinhuangdao Port Co. Ltd.		46,835
	432,449	Qudian, Inc.(a)		3,044,441
	67,000	Real Gold Mining Ltd.(a)(b)(c)		2,246
	32,016	Red Star Macalline Group Corp. Ltd. - H Shares		30,356
	78,000	Redco Group Ltd.		31,170
	1,148,000	Renhe Commercial Holdings Co. Ltd.(a)		37,967
	87,000	Ronshine China Holdings Ltd.(a)		119,811
	225	Sanne Group PLC		1,840
	69,000	Sany Heavy Equipment International Holdings Co. Ltd.(a)		33,008
	356,580	Semiconductor Manufacturing International Corp.(a)		381,794
	58,000	Shandong Chenming Paper Holdings Ltd. - H Shares		30,110
	80,000	Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares		78,640
	32,000	Shandong Xinhua Pharmaceutical Co. Ltd. - H Shares		16,981
	52,000	Shanghai Electric Group Co. Ltd. - H Shares		20,298
	12,000	Shanghai Fosun Pharmaceutical Group Co. Ltd. - H Shares		41,275

Shares			Value
CHINA (continued)
	24,000	Shanghai Fudan Microelectronics Group Co., Ltd. - H Shares(a)	$	39,577
	25,000	Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. - H Shares		22,331
	3,900	Shanghai Haohai Biological Technology Co. Ltd.		25,025
	157,235	Shanghai Jin Jiang International Hotels Group Co. Ltd. - H Shares		38,953
	54,100	Shanghai Pharmaceuticals Holding Co. Ltd. - H Shares		113,297
	274,000	Shanghai Prime Machinery Co. Ltd. - H Shares(a)		39,116
	53,000	Shengjing Bank Co. Ltd. - H Shares		30,796
	32,000	Shenzhen Expressway Co. Ltd. - H Shares		38,977
	211,881	Shui On Land Ltd.		51,628
	206,000	Sihuan Pharmaceutical Holdings Group Ltd.		55,507
	2,000	Silergy Corp.		32,804
	5,295	SINA Corp./China(a)		333,267
	4,675,562	Sino-Ocean Land Holdings Ltd.		2,100,455
	38,500	Sinopec Engineering Group Co. Ltd. - H Shares		37,231
	272,000	Sinopec Shanghai Petrochemical Co. Ltd. - H Shares		123,197
	114,000	Sinopec Yizheng Chemical Fibre Co. Ltd. - H Shares(a)		15,265
	24,800	Sinopharm Group Co. Ltd. - H Shares		97,471
	54,000	Sinosoft Technology Group Ltd.		19,307
	319,000	Sinotrans Ltd. - H Shares		131,070
	93,500	Sinotruk Hong Kong Ltd.		202,974
	214,000	Skyfame Realty Holdings Ltd.		35,215
	46,500	SOHO China Ltd.(a)		16,866
	14,000	Southern Energy Holdings Group Ltd.(a)		27,292
	230,000	Springland International Holdings Ltd.		48,379
	14,600	Sunny Optical Technology Group Co. Ltd.		178,603
	69,000	Sunshine 100 China Holdings Ltd.(a)		14,028
	3,840	Tarena International, Inc. - ADR		19,507
	16,000	Tenfu Cayman Holdings Co. Ltd.		10,827
	255,000	Tenwow International Holdings Ltd.(a)(b)(c)		4,632
	56,000	Tian Ge Interactive Holdings Ltd.		17,358
	36,000	Tian Shan Development Holdings Ltd.		11,626
	52,000	Tiangong International Co. Ltd.		13,726

Shares			Value
CHINA (continued)
	100,000	Tianneng Power International Ltd.	$	93,907
	110,000	Tingyi Cayman Islands Holding Corp.		181,140
	31,000	Tong Ren Tang Technologies Co. Ltd. - H Shares		43,039
	12,800	Tonly Electronics Holdings Ltd.		11,178
	27,500	Travelsky Technology Ltd. - H Shares		70,732
	84,000	Trigiant Group Ltd.		15,206
	12,000	Tsingtao Brewery Co. Ltd. - H Shares		76,549
	2,158,500	UBS China Railway Tielong Container Logistics Co. Ltd - A Shares(a)		2,563,996
	3,515,868	Ubs Csg Holding Co. Ltd. Note		2,558,005
	1,776,023	Ubs Yunnan Copper Co. Ltd. Note		2,945,623
	83,400	Uni-President China Holdings Ltd.		76,373
	71,000	Universal Medical Financial & Technical Advisory Services Co. Ltd.		56,611
	32,746	Vipshop Holdings Ltd. - ADR(a)		281,943
	229,000	Want Want China Holdings Ltd.		181,811
	382,000	West China Cement Ltd.		53,665
	14,500	Xiabuxiabu Catering Management China Holdings Co. Ltd.		25,539
	504,000	Xiamen International Port Co. Ltd. - H Shares		72,063
	111,101	Xingda International Holdings Ltd.		35,299
	15,000	Xingfa Aluminium Holdings Ltd.		12,626
	70,257	Xinjiang Goldwind Science & Technology Co. Ltd. - H Shares		76,734
	187,803	Xinyi Solar Holdings Ltd.		107,094
	6,226	Xinyuan Real Estate Co. Ltd. - ADR		27,706
	60,500	XTEP International Holdings Ltd.		34,493
	34,000	Yadea Group Holdings Ltd.		11,664
	11,000	Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. - H Shares		27,187
	288,000	Yanzhou Coal Mining Co. Ltd. - H Shares		307,474
	290,000	Yashili International Holdings Ltd.(a)		39,555
	8,400	Yichang HEC Changjiang Pharmaceutical Co. Ltd. - H Shares		41,693
	20,000	Yihai International Holding Ltd.		98,788
	1,342	Yirendai Ltd. - ADR		21,257

Shares			Value
CHINA (continued)
	104,500	Youyuan International Holdings Ltd.(a)	$	31,980
	38,086	Yuzhou Properties Co. Ltd.		20,130
	3,404	YY Inc. - ADR(a)		288,012
	43,000	Zhaojin Mining Industry Co. Ltd. - H Shares		37,045
	28,000	Zhejiang Expressway Co. Ltd. - H Shares		30,033
	40,000	Zhejiang Glass Co. Ltd. - H Shares(a)(b)		0
	34,500	Zhongsheng Group Holdings Ltd.		90,761
	17,900	Zhuzhou CRRC Times Electric Co. Ltd. - H Shares		90,935
	214,000	Zijin Mining Group Co. Ltd. - Class H		83,597
	4,015,000	Zoomlion Heavy Industry Science and Technology Co. Ltd. - H Shares		2,356,635
	7,544	ZTO Express Cayman, Inc. - ADR		150,352
				123,581,504
COLUMBIA — 0.0%
	4,176	Frontera Energy Corp.		37,187
	1,444,199	UBS Better Life Commercial Chain Share Co. Ltd. - A Shares(a)		1,882,773
				1,919,960
DENMARK — 1.1%
	19,961	ALK-Abello AS(a)		3,395,649
	14,970	Alm Brand A/S		143,000
	6,414	Ambu A/S - B Shares		184,541
	5,012	Bang & Olufsen A/S(a)		43,636
	1,842	Bavarian Nordic A/S(a)		38,696
	1,192	Brodrene Hartmann A/S		52,910
	13,371	Columbus A/S		26,806
	2,553	D/S Norden A/S(a)		40,498
	7,981	Dfds A/S		379,464
	9,203	FLSmidth & Co. A/S		462,565
	44,819	Genmab A/S(a)		7,445,554
	194,599	GN Store Nord A/S		9,974,226
	60,983	H. Lundbeck A/S		2,570,950
	7,846	H+H International A/S - Class B(a)		130,583
	169	Harboes Bryggeri A/S - Class B		2,200
	14,183	ISS A/S		441,682
	84	Jeudan A/S		12,685
	5,892	Jyske Bank A/S		237,651
	137,391	Matas A/S		1,365,098
	3,263	Nilfisk Holding A/S(a)		138,013
	2,606	NKT A/S(a)		48,068
	1,294	NNIT A/S		34,132
	4,279	North Media AS		24,354
	6,376	Pandora A/S		267,819

Shares			Value
DENMARK (continued)
	1,840	Parken Sport & Entertainment A/S	$	29,857
	8,906	Per Aarsleff A/S		295,191
	22,848	Proton Bank SA(a)(b)		0
	3,932	Ringkjoebing Landbobank A/S		253,968
	984	Rockwool International A/S - A Shares		234,024
	22,793	Rockwool International A/S - B Shares		6,098,236
	92,414	Royal Unibrew A/S		6,631,385
	1,258	RTX A/S		30,465
	5,456	Scandinavian Tobacco Group A/S		64,915
	1,272	Schouw & Co.		90,514
	113,748	SimCorp A/S		11,166,661
	1,395	Solar A/S - Class B		66,263
	32,317	Spar Nord Bank A/S		277,955
	7,195	Sydbank AS		155,439
	2,492	TCM Group A/S(a)		40,599
	132	Tivoli A/S		13,849
	86,869	Topdanmark A/S		4,687,016
	226,941	Tryg A/S		6,945,454
	5,337	William Demant Holding A/S(a)		168,630
	866	Zealand Pharma AS(a)		17,869
				64,729,070
FAEROE ISLANDS — 0.0%
	96	Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products(a)(b)		0
	1,441	Bakkafrost		74,015
	662	BankNordik P/F		11,243
				85,258
FINLAND — 0.3%
	614	Admicom Oyj		27,409
	11,652	Afarak Group Oyj(a)		10,995
	7,123	Aktia Bank Oyj		69,360
	4,177	Alma Media Oyj		28,640
	1,171	Asiakastieto Group Oyj		35,192
	5,440	Aspo Oyj		51,886
	5,681	Atria Oyj		51,750
	954	BasWare Oyj(a)		22,036
	2,126	Bittium Oyj		16,096
	5,582	Cargotec Oyj - Class B		229,173
	6,922	Caverion Corp.(a)		50,442
	1,819	Citycon Oyj		18,586
	7,394	Cramo Oyj		155,615
	2,890	Digia Plc		9,613
	29,489	DNA Oyj		702,561
	9,841	Elisa Oyj		417,930
	191,808	Finnair Oyj		1,604,205
	5,328	Fiskars Oyj Abp		121,414
	20,567	F-Secure Oyj(a)		63,493
	24,454	Huhtamaki Oyj		935,153

Shares			Value
FINLAND (continued)
	2,500	Ilkka-Yhtyma Oyj	$	10,630
	24,549	Kemira Oyj		347,948
	2,684	Kesko Oyj - A Shares		129,090
	23,416	Kesko OYJ - B Shares		1,217,634
	12,165	Konecranes Oyj		508,499
	21,593	Lassila & Tikanoja Oyj		350,734
	1,144	Marimekko Oyj		32,746
	17,417	Metsa Board Oyj		97,430
	6,367	Metso Oyj		238,237
	21,353	Nokian Renkaat Oyj		715,751
	2,306	Olvi Oyj - Class A		85,425
	86,476	Oriola Oyj - Class B		223,161
	4,633	Orion Oyj - Class A		155,436
	85,738	Orion Oyj - Class B		2,858,900
	19,752	Outokumpu Oyj		75,626
	12,672	Outotec Oyj(a)		66,943
	5,435	Ponsse Oyj		182,973
	13,137	Raisio Oyj - V Shares		44,030
	115,299	Ramirent Oyj		809,884
	3,586	Revenio Group Oyj		82,609
	103,958	Sanoma Oyj		1,061,327
	861	Talenom Oyj		32,794
	1,099	Teleste Oyj		7,209
	24,653	Tieto Oyj		701,912
	2,817	Tikkurila Oyj		47,238
	159,628	Tokmanni Group Corp.		1,397,861
	11,122	Uponor Oyj		133,192
	2,873	Vaisala Oyj - Class A		62,272
	138,597	Valmet Oyj		3,817,946
	25,272	Wartsila Oyj Abp		404,669
	16,910	YIT Oyj		103,756
				20,625,411
FRANCE — 1.2%
	4,968	ABC Arbitrage		36,696
	263,165	Air France-KLM(a)		3,036,809
	12,226	Albioma SA		287,677
	5,333	Alstom SA		234,638
	195	Altarea SCA REIT		41,198
	1,291	Alten SA		140,993
	19,270	Altran Technologies SA		251,234
	4,312	Amplitude Surgical SAS(a)		12,727
	6,458	Antalis International SAS		7,099
	3,013	APRIL SA		72,302
	1,213	Argan SA REIT		73,478
	16,827	Arkema SA		1,727,745
	2,363	Assystem S.A.		92,991
	302	Aubay		10,770
	703	Axway Software SA		10,047
	769	Baikowski SAS(a)		12,950
	612	Bastide le Confort Medical		26,655
	25,151	Beneteau SA		319,301
	2,671	Bigben Interactive		31,970
	1,783	BioMerieux		141,614
	740	Boiron SA		39,491
	8,560	Bonduelle SCA		274,164

Shares			Value
FRANCE (continued)
	15,140	Bureau Veritas SA	$	383,781
	117	Burelle SA		123,408
	6,600	Casino Guichard Perrachon SA		270,237
	1,521	Cegedim SA(a)		44,273
	318,059	Cellectis SA(a)(c)		6,326,225
	1,135,009	CGG SA(a)		2,051,819
	1,047	Chargeurs SA		22,309
	4,379	Cie des Alpes		132,201
	43,799	Coface SA(a)		441,796
	1,397	Covivio REIT		151,198
	184,806	Derichebourg SA		805,328
	511	Devoteam SA		59,909
	11,248	Edenred		530,320
	12,955	Eiffage SA		1,352,652
	410	Electricite de Strasbourg SA		48,399
	7,119	Elior Group SA		98,614
	38,544	Elis SA		687,881
	10,756	Eramet		753,235
	1,646	Esso SA Francaise		56,512
	99,457	Etablissements Maurel et Prom(a)		375,978
	16,807	Europcar Groupe SA		140,206
	76,439	Eutelsat Communications SA		1,381,474
	1,226	Exel Industries SA - Class A		89,382
	19,399	Faurecia SA		987,054
	296	Fleury Michon SA		13,414
	3,906	Fnac Darty SA(a)		343,396
	1,024	Fnac Darty SA(a)		89,897
	92,023	Gaztransport Et Technigaz SA		8,327,224
	1,212	Gecina SA REIT		181,090
	26,478	Getlink SE		426,190
	8,114	GL Events		199,963
	1,031	Groupe Crit		78,932
	1,062	Groupe Guillin		24,724
	720	Groupe Open		13,518
	2,256	Guerbet		134,706
	3,309	Haulotte Group SA		32,364
	895	ICADE REIT		76,492
	172	ID Logistics Group(a)		30,741
	4,921	Iliad SA		501,339
	1,569	Imerys SA		83,604
	1,448	Infotel SA		62,539
	2,738	Ingenico Group SA		231,088
	8,477	Interparfums SA		425,217
	18,733	IPSOS		543,375
	4,197	Jacquet Metal Service		83,703
	4,906	JCDecaux SA		160,821
	6,466	Kaufman & Broad SA		257,992
	5,610	Klepierre REIT		199,347
	115,401	Korian SA		4,645,365
	302,216	Lagardere SCA		8,231,136
	14,432	Latecoere S.A.(a)		52,767
	863	Laurent-Perrier		91,338
	1,403	Le Belier		52,225
	704	Le Noble Age		36,381
	13,984	Lectra		336,626

Shares			Value
FRANCE (continued)
	1,180	Linedata Services	$	36,931
	8,807	LISI		294,812
	4,437	Maisons du Monde SA		95,534
	848	Maisons France Confort SA		35,146
	1,676	Manitou BF SA		55,137
	447	Manutan International		34,001
	15,911	Mersen SA		566,274
	9,281	METabolic EXplorer SA(a)		18,660
	12,993	Metropole Television SA		257,900
	4,233	MGI Coutier		82,608
	1,975	Mr Bricolage		12,064
	21,705	Neopost SA		532,397
	6,170	Nexans SA		216,412
	17,142	Nexity SA		801,808
	5,130	NRJ Group		40,297
	3,259	Oeneo SA		37,146
	3,406	OL Groupe SA(a)		11,376
	2,070	Orpea		252,559
	339	Pierre & Vacances SA(a)		6,779
	9,674	Plastic Omnium SA		293,098
	5,366	Plastivaloire		58,463
	55,465	Poxel S.A.(a)		441,189
	769	PSB Industries SA		27,389
	3,654	Rallye SA		42,560
	916	Remy Cointreau SA		122,058
	380,005	Rexel SA		5,108,767
	188	Robertet SA		120,064
	14,546	Rothschild & Co.		500,598
	2,562	Rubis SCA		140,527
	104	Samse SA		16,160
	6,167	Sartorius Stedim Biotech		837,634
	2,365	Savencia SA		180,296
	24,485	SCOR SE		999,594
	1,871	SEB SA		342,790
	2,465	Seche Environnement SA		83,739
	2,062	Societe BIC SA		177,635
	436	Societe pour l’Informatique Industrielle		10,711
	830	SOITEC(a)		84,066
	149,620	Solocal Group(a)		159,182
	2,239	Somfy SA		202,798
	1,549	Sopra Steria Group		197,832
	10,239	SPIE SA		197,668
	1,237	Stef SA		117,162
	17,568	Suez		246,934
	3,477	Synergie SA		139,304
	8,227	Tarkett SA		199,422
	90,767	Technicolor SA(a)		108,935
	4,878	Teleperformance SA		937,753
	81,613	Television Francaise 1		892,091
	876	Thermador Groupe		50,001
	1,233	Trigano SA		118,222
	4,884	UBISOFT Entertainment(a)		466,610
	577	Union Financiere de France BQE SA		13,163
	31,485	Valeo SA		1,145,200

Shares			Value
FRANCE (continued)
	35,511	Vallourec SA(a)	$	88,095
	52,235	Valneva SE(a)		192,855
	602	Vetoquinol SA		37,820
	3,280	Vicat SA		173,460
	1,831	VIEL & Cie SA		10,271
	2,315	Vilmorin & Cie SA		128,823
	9,467	Virbac SA(a)		1,686,359
	1,002	Vranken - Pommery Monopole SA		26,204
	1,412	Worldline SA(a)		88,995
				70,764,592
GABON — 0.0%
	1,779	Mariella Burani SpA(a)(b)		0
	311	Total Gabon		54,382
				54,382
GEORGIA — 0.0%
	4,215	Bank Of Georgia Group Plc		94,602
	5,317	Georgia Capital Plc(a)		70,155
				164,757
GERMANY — 1.2%
	768	2G Energy AG		28,281
	14,653	7C Solarparken Ag		50,553
	7,354	Aareal Bank AG		257,230
	1,504	Ado Properties Sa		79,058
	44,816	ADVA Optical Networking SE(a)		384,661
	40,347	AIXTRON SE(a)		467,135
	378	All for One Group AG		21,593
	2,114	Allgeier SE		60,597
	429	Amadeus Fire AG		57,250
	352	Atoss Software AG		43,335
	7,205	Aurubis AG		352,299
	8,322	Axel Springer SE		471,356
	169	Basler AG		30,586
	6,871	Bauer AG		172,983
	2,096	BayWa AG		61,785
	1,729	Bechtle AG		177,995
	1,367	Bertrandt AG		106,680
	606	bet-at-home.com AG		50,072
	2,168	Bijou Brigitte AG		107,271
	3,351	Bilfinger SE		123,922
	1,050	Biotest AG - Preference Shares		26,440
	77,921	Borussia Dortmund GmbH & Co. KGaA		748,413
	26,385	Brenntag AG		1,423,809
	1,385	CANCOM SE		70,100
	42,850	Carl Zeiss Meditec AG		4,214,730
	15,457	CECONOMY AG(a)		103,825
	2,761	CENIT AG		42,328
	11,092	CENTROTEC Sustainable AG		146,641
	2,432	Cewe Stiftung & Co. KGaA		229,736
	3,909	Comdirect Bank AG		45,567
	56,317	Commerzbank AG(a)		507,609

Shares			Value
GERMANY (continued)
	15,035	CompuGroup Medical SE	$	997,711
	5,229	CropEnergies AG		34,277
	67,358	CTS Eventim AG & Co KGaA		3,459,469
	3,082	Dermapharm Holding SE(a)		112,218
	12,324	Deutsche Pfandbriefbank AG		172,079
	145,248	Deutz AG		1,435,344
	10,653	Dic Asset AG		116,885
	6,474	DMG Mori AG		333,867
	464	Dr Hoenle AG		29,302
	551	Draegerwerk AG & Co. KGaA		25,724
	14,178	Draegerwerk AG & Co. KGaA - Preference Shares		851,914
	9,949	Drillisch AG		371,522
	3,940	Duerr AG		178,183
	1,674	Eckert & Ziegler Strahlen- und Medizintechnik AG		147,717
	8,809	Elmos Semiconductor AG		242,710
	961	Energiekontor Ag		16,467
	11,986	Evotec SE(a)		299,162
	1,735	Fielmann AG		123,358
	763	First Sensor AG		20,485
	7,169	Fraport AG Frankfurt Airport Services Worldwide		596,786
	25,137	Freenet AG		590,601
	2,350	Fuchs Petrolub SE		93,838
	4,583	Fuchs Petrolub SE - Preference Shares		199,832
	14,956	GEA Group AG		419,034
	6,118	Gerresheimer AG		460,947
	3,642	Gesco AG		105,489
	7,664	GFT Technologies SE		78,157
	350	Grammer AG		15,128
	4,785	GRENKE AG		510,480
	3,242	Hamborner AG REIT		34,047
	38,230	Hamburger Hafen und Logistik AG		965,000
	5,298	Hapag-Lloyd AG		163,116
	291	Hawesko Holding AG		12,412
	53,051	Heidelberger Druckmaschinen AG(a)		99,398
	8,153	Hella GmbH & Co. KGaA		444,741
	1,172	Hochtief AG		175,225
	3,573	Hornbach Baumarkt AG		69,068
	214	Hornbach Holding AG & Co. KGaA		11,602
	4,434	HUGO BOSS AG		309,823
	6,011	Indus Holding AG		320,302
	1,032	Isra Vision AG		41,498
	16,075	Jenoptik AG		636,230
	10,495	Jungheinrich AG - Preference Shares		366,215
	16,471	K+S AG		335,390
	14,102	KION Group AG		970,118
	12,788	Kloeckner & Co. SE		89,978
	937	Koenig & Bauer AG		45,552
	1,347	Krones AG		125,671

Shares			Value
GERMANY (continued)
	210	KSB SE & Co. KGaA	$	77,942
	2,185	KWS Saat SE		148,254
	21,532	LANXESS AG		1,246,898
	2,823	Leg Immobilien AG		329,388
	2,138	Leifheit AG		52,239
	8,404	Leoni AG(a)		194,334
	1,329	LPKF Laser & Electronics AG(a)		13,141
	466	Manz AG(a)		12,956
	1,297	MasterFlex SE		9,458
	83,863	METRO AG		1,424,966
	8,650	MLP AG		43,602
	115,131	Morphosys AG(a)		11,450,001
	3,641	MTU Aero Engines AG		859,023
	1,956	Nemetschek SE		361,862
	1,417	Nexus AG		40,588
	5,156	Nordex SE(a)		83,754
	2,170	NORMA Group SE		102,606
	981	OHB SE		39,276
	15,988	OSRAM Licht AG		549,909
	5,832	Patrizia Immobilien AG		121,644
	565	Pfeiffer Vacuum Technology AG		94,978
	23,414	PNE Wind AG		64,625
	960	Progress-Werk Oberkirch AG		28,601
	8,839	ProSiebenSat.1 Media SE		139,732
	1,157	PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie		24,031
	411	Puma SE		254,563
	35,476	QSC AG		59,875
	870	R Stahl AG(a)		24,610
	207	Rational AG		139,782
	10,591	Rheinmetall AG		1,220,384
	2,114	RHOEN-KLINIKUM AG		62,378
	4,230	RIB Software AG		83,339
	9,425	SAF-Holland SA		117,610
	36,655	Salzgitter AG		1,211,496
	2,015	Sartorius AG - Preference Shares		369,964
	29,027	Schaeffler AG		248,832
	1,854	Schaltbau Holding AG(a)		58,871
	4,609	Scout24 Ag		237,725
	330	Secunet Security Networks AG		40,414
	5,841	SGL Carbon SE(a)		52,296
	3,648	SHW AG		84,578
	30,318	Siltronic AG		2,978,692
	888	Sixt Leasing SE		12,876
	1,152	Sixt SE		128,463
	2,065	Sixt SE - Preference Shares		158,651
	1,287	SMA Solar Technology AG		29,372
	977	Softing AG		8,498
	68,265	Software AG		2,605,291
	1,298	Sto Se & Co. KGAA - Preference Shares		129,450
	148	STRATEC SE		10,437
	2,576	Stroeer SE & Co. KGaA		174,457

Shares			Value
GERMANY (continued)
	8,384	Suedzucker AG	$	129,025
	2,504	Suess MicroTec AG(a)		32,959
	2,878	Surteco SE		80,952
	433,467	TAG Immobilien AG		9,761,700
	33,796	Takkt AG		531,934
	6,947	Talanx AG		278,021
	695	Technotrans AG		19,076
	82,338	Telefonica Deutschland Holding AG		267,380
	66,714	Tier REIT, Inc., REIT		1,047,460
	4,769	TLG Immobilien AG		140,499
	524	Traffic Systems SE		8,198
	20,081	Uniper SE		609,328
	25,539	United Internet AG		1,026,796
	4,509	VERBIO Vereinigte BioEnergie AG		39,119
	982	Vib Vermoegen AG		27,780
	2,097	Villeroy & Boch AG - Preference Shares		34,138
	3,204	Vossloh AG		147,475
	3,916	Wacker Chemie AG		344,250
	5,542	Wacker Neuson SE		154,018
	841	Washtec AG		66,208
	339	Wincor Nixdorf AG		22,877
	10,001	Wuestenrot & Wuerttembergische AG		205,257
	845	XING AG		314,472
				71,223,546
GIBRALTAR — 0.0%
	11,850	888 Holdings Plc		22,351
GREECE — 0.1%
	1,272	Aegean Airlines SA		12,028
	1,872,832	Alpha Bank AE(a)		2,915,781
	481	Autohellas SA		13,498
	2,818,956	Eurobank Ergasias SA(a)		2,361,820
	4,916	GEK Terna Holding Real Estate Construction SA(a)		28,349
	34,185	Intralot SA-Integrated Lottery Systems & Services(a)		15,981
	604,211	National Bank of Greece SA(a)		1,329,320
	194,626	OPAP SA		2,100,250
	80,140	Pike River Coal Ltd.(a)(b)		0
	35,269	Piraeus Bank Sa(a)		71,899
	2,633	Sarantis SA		21,821
	2,904	Terna Energy SA		22,684
	210	Thessaloniki Port Authority SA		6,678
				8,900,109
HONG KONG — 1.3%
	69,555	AED Oil Ltd.(a)(b)		0
	215,000	Agritrade Resources Ltd.		35,027
	430,000	Alibaba Pictures Group Ltd.(a)		96,648
	1,273,693	Allied Properties HK Ltd.		292,436
	58,000	AMVIG Holdings Ltd.		14,053

Shares			Value
HONG KONG (continued)
	435,000	Applied Development Holdings Ltd.(a)	$	21,365
	144,250	APT Satellite Holdings Ltd.		64,804
	144,000	Asia Financial Holdings Ltd.		87,539
	17,900	ASM Pacific Technology Ltd.		207,623
	74,000	Associated International Hotels Ltd.		216,044
	18,000	Ausnutria Dairy Corp. Ltd.		29,008
	29,000	Beijing Enterprises Holdings Ltd.		154,521
	228,000	Beijing Enterprises Medical & Health Group Ltd.(a)		7,035
	252,000	Beijing Enterprises Water Group Ltd.		156,364
	504,000	Bel Global Resources Holdings Ltd.(a)(b)		0
	55,000	BOE Varitronix Ltd.		16,559
	204,000	Bright Smart Securities & Commodities Group Ltd.		47,169
	289,000	Brightoil Petroleum Holdings Ltd.(a)(b)(c)		55,260
	108,000	Brilliance China Automotive Holdings Ltd.		118,967
	1,644,354	Brockman Mining Ltd.(a)		36,231
	1,920,000	Build King Holdings Ltd.		365,107
	482,000	Cafe de Coral Holdings Ltd.		1,187,535
	28,000	Camsing International Holding, Ltd.		29,794
	92,000	Carrianna Group Holdings Co. Ltd.		10,564
	103,000	Cathay Pacific Airways Ltd.		173,454
	166,800	Century City International Holdings Ltd.		14,899
	564,000	CGN New Energy Holdings Co. Ltd.		84,573
	5,048,000	Champion REIT		4,274,888
	134,359	Cheuk Nang Holdings Ltd.		72,996
	85,873	Chevalier International Holdings Ltd.		134,652
	88,000	Chiho Environmental Group Ltd.(a)		12,573
	138,137	China Agri-Industries Holdings Ltd.		44,526
	344,000	China Beidahuang Industry Group Holdings Ltd.(a)		9,983
	22,000	China Everbright Greentech Ltd.		16,176
	56,222	China Everbright International Ltd.		55,128
	525,600	China Fiber Optic Network System Group Ltd.(a)(b)(c)		14,070
	66,000	China Flavors & Fragrances Co. Ltd.		18,611
	98,000	China Foods Ltd.		38,417
	88,000	China Grand Pharmaceutical and Healthcare Holdings Ltd.(a)		51,899

Shares			Value
HONG KONG (continued)
	6,603,000	China High Precision Automation Group Ltd.(a)(b)	$	0
	29,000	China High Speed Transmission Equipment Group Co. Ltd.		21,984
	322,000	China Jinmao Holdings Group Ltd.		208,776
	193,200	China Metal Recycling Holdings Ltd.(a)(b)		0
	1,010,000	China Oil and Gas Group Ltd.		61,936
	78,000	China Overseas Grand Oceans Group Ltd.		41,596
	120,000	China Overseas Property Holdings Ltd.		56,791
	113,333	China Power International Development Ltd.		30,197
	298,440	China Resources Cement Holdings Ltd.		299,234
	28,800	China Resources Gas Group Ltd.		133,681
	44,000	China Resources Power Holdings Co. Ltd.		61,570
	168,000	China Ruifeng Renewable Energy Holdings Ltd.(a)		10,394
	892,000	China South City Holdings Ltd.		135,378
	142,000	China State Construction Development Holdings Ltd.		17,193
	252,870	China State Construction International Holdings Ltd.		262,443
	141,800	China Taiping Insurance Holdings Co. Ltd.		431,231
	152,000	China Traditional Chinese Medicine Holdings Co. Ltd.		86,280
	192,000	China Travel International Investment Hong Kong Ltd.		44,376
	2,612,000	China Unicom Hong Kong Ltd.		3,101,420
	60,000	China Vast Industrial Urban Development Co. Ltd.		25,852
	34,000	China Water Affairs Group Ltd.		34,963
	128,000	China Water Industry Group Ltd.(a)		17,163
	30,000	Chong Hing Bank Ltd.		56,592
	279,000	Chow Sang Sang Holdings International Ltd.		463,632
	110,000	Chu Kong Shipping Enterprises Group Co. Ltd.		25,101
	237,500	Chuang’s Consortium International Ltd.		54,167
	38,000	CIMC Enric Holdings Ltd.		37,019
	4,875,000	CITIC Telecom International Holdings Ltd.		2,020,161
	274,000	Citychamp Watch & Jewellery Group Ltd.		60,815
	490,000	CK Life Sciences International Holdings, Inc.		28,465
	47,000	Clear Media Ltd.		38,971
	233,000	CMIC Ocean En-Tech Holding Co. Ltd.(a)		12,325

Shares			Value
HONG KONG (continued)
	168,000	Comba Telecom Systems Holdings Ltd.(a)	$	41,020
	940,000	Concord New Energy Group Ltd.		46,127
	2,305,812	COSCO Shipping Ports Ltd.		2,299,778
	1,891,000	Cowell e Holdings, Inc.		428,716
	1,766,000	CP Pokphand Co. Ltd.		150,752
	1,359,335	CSI Properties Ltd.		76,270
	165,000	Dah Chong Hong Holdings Ltd.		60,389
	147,324	Dah Sing Banking Group Ltd.		281,947
	73,078	Dah Sing Financial Holdings Ltd.		383,876
	208,000	Dawnrays Pharmaceutical Holdings Ltd.		37,906
	244,000	DBA Telecommunication Asia Holdings Ltd.(a)(b)(c)		11,838
	12,200	Deceuninck NV- VVPR Strip(a)(b)		0
	108,000	Dynasty Fine Wines Group Ltd.(a)(b)(c)		19,825
	118,000	EcoGreen International Group Ltd.		24,705
	168,234	EganaGoldpfeil Holdings Ltd.(a)(b)		0
	198,416	Emperor International Holdings Ltd.		59,044
	2,900,000	Emperor Watch & Jewellery Ltd.		88,408
	124,300	Esprit Holdings, Ltd.(a)		25,230
	92,000	EVA Precision Industrial Holdings Ltd.		9,505
	108,000	Ever Sunshine Lifestyle Services Group Ltd.(a)		44,087
	65,500	Fairwood Holdings Ltd.		229,199
	304,893	Far East Consortium International Ltd.		144,348
	309,000	Far East Horizon Ltd.		343,477
	2,154,000	First Pacific Co. Ltd.		893,351
	170,000	Fountain SET Holdings Ltd.		29,856
	127,877	FSE Services Group Ltd.		55,267
	355,000	Fullshare Holdings Ltd.		39,828
	554,000	GCL-New Energy Holdings Ltd.(a)		20,837
	1,770,000	GCL-Poly Energy Holdings Ltd.(a)		126,487
	500,000	Gemdale Properties & Investment Corp. Ltd.		67,050
	3,122,000	Get Nice Holdings Ltd.		111,490
	702,000	Giordano International Ltd.		334,021
	220,000	Gold Peak Industries Holdings Ltd.		22,497
	86,000	Goldlion Holdings Ltd.		35,151
	7,050,000	G-Resources Group Ltd.(a)		67,540
	34,000	Guangdong Investment Ltd.		63,603
	188,600	Guotai Junan International Holdings Ltd.		38,068
	63,000	Haier Electronics Group Co. Ltd.		180,113

Shares			Value
HONG KONG (continued)
	261,255	Haitong International Securities Group Ltd.	$	94,772
	58,000	Hang Lung Group Ltd.		172,980
	133,267	Hanison Construction Holdings Ltd.		22,947
	114,000	Harbour Centre Development Ltd.		209,294
	8,500	Health and Happiness H&H International Holdings Ltd.(a)		52,209
	2,160,000	Hengdeli Holdings Ltd.(a)		112,943
	45,500	HKBN Ltd.		81,482
	29,441	HKC Holdings Ltd.		23,691
	472,000	HKR International Ltd.		261,026
	90,000	Hon Kwok Land Investment Co. Ltd.		47,018
	176,000	Hong Kong Finance Investment Holding Group Ltd.(a)		20,433
	136,151	Hongkong & Shanghai Hotels Ltd. (The)		199,353
	108,500	Hopewell Holdings Ltd.(a)(b)		536,636
	112,000	Hopson Development Holdings Ltd.		122,987
	166,000	Hsin Chong Group Holdings Ltd.(a)(b)(c)		7,406
	220,000	Hua Han Health Industry Holdings Ltd.(a)(b)(c)		4,459
	77,000	Hutchison Telecommunications Hong Kong Holdings Ltd.		32,612
	12,000	Hysan Development Co. Ltd.		67,257
	8,000	IMAX China Holding, Inc.		22,037
	118,000	International Housewares Retail Co. Ltd.		30,990
	175,000	IPE Group Ltd.(c)		22,539
	2,218,000	IRC Ltd.(a)		50,130
	396,000	IT Ltd.		191,558
	66,905	ITC Properties Group Ltd.		16,459
	100,000	Jiayuan International Group Ltd.		44,756
	50,625	Johnson Electric Holdings Ltd.		119,182
	838,000	Joy City Property Ltd.		119,568
	134,000	Ju Teng International Holdings Ltd.		39,190
	6,002	K Wah International Holdings Ltd.		3,767
	1,500,000	Kai Yuan Holdings Ltd.(a)		10,366
	806,000	Kerry Logistics Network Ltd.		1,438,142
	382,000	Kerry Properties Ltd.		1,635,101
	118,200	Kingboard Chemical Holdings Ltd.		385,388
	125,500	Kingboard Laminates Holdings Ltd.		131,987
	74,000	Kingmaker Footwear Holdings Ltd.		15,640
	238,000	Kingston Financial Group Ltd.		54,994
	249,000	Kowloon Development Co. Ltd.		338,601
	358,000	Kunlun Energy Co. Ltd.		378,678
	43,180	Lai Fung Holdings Ltd.		54,095

Shares			Value
HONG KONG (continued)
	64,295	Lai Sun Development Co. Ltd.	$	100,621
	120,640	Lai Sun Garment International Ltd.		179,460
	9,000	Lam Soon Hong Kong Ltd.		18,167
	102,000	Landing International Development Ltd.(a)		32,601
	68,000	Landsea Green Group Co. Ltd.		8,513
	464,500	Langham Hospitality Investments and Langham Hospitality Investments Ltd.		190,054
	24,000	Lee & Man Chemical Co. Ltd.		14,589
	292,200	Lee & Man Paper Manufacturing Ltd.		237,176
	13,500	Lee’s Pharmaceutical Holdings Ltd.		11,558
	3,004,000	Li & Fung Ltd.		499,123
	88,000	Lifestyle China Group Ltd.(a)		32,557
	27,000	Lifestyle International Holdings Ltd.		47,057
	510,393	Link REIT		5,963,409
	94,000	Liu Chong Hing Investment Ltd.		163,643
	37,000	Luk Fook Holdings International Ltd.		132,571
	38,000	Lvgem China Real Estate Investment Co. Ltd.		11,872
	1,298,000	Magnificent Hotel Investment Ltd.		31,094
	99,600	Man Wah Holdings Ltd.		51,243
	19,200	Mandarin Oriental International Ltd.		37,068
	40,000	Mega Expo Holdings Ltd.		22,603
	25,000	Melco International Development Ltd.		61,433
	85,387	Midland Holdings, Ltd.		18,643
	53,306	Million Hope Industries Holdings Ltd.(a)		4,960
	109,000	Ming Fai International Holdings Ltd.		15,711
	429,000	Mingfa Group International Co. Ltd.(a)(b)(c)		3,079
	702,000	Minmetals Land Ltd.		135,012
	36,000	Miramar Hotel & Investment Co. Ltd.		75,653
	56,000	Modern Dental Group Ltd.		9,639
	677	Movie Gallery, Inc.(a)(b)		0
	1,150,000	Nan Hai Corp. Ltd.		22,721
	2,390,000	New Provenance Everlasting Holdings Ltd.(a)		10,068
	97,000	New World Department Store China Ltd.(a)		20,410
	2,626,000	Newocean Energy Holdings Ltd.(a)		723,610
	250,000	Nine Dragons Paper Holdings Ltd.		231,385
	62,000	Overseas Chinese Town Asia Holdings Ltd.		26,312

Shares			Value
HONG KONG (continued)
	1,340,246	Pacific Andes International Holdings Ltd.(a)(b)(c)	$	4,681
	394,000	Pacific Basin Shipping Ltd.		80,952
	39,000	Pacific Textile Holdings Ltd.		33,000
	201,240	Paliburg Holdings Ltd.		82,937
	334,000	Panda Green Energy Group Ltd.(a)		14,115
	50,000	PAX Global Technology Ltd.		23,354
	906,000	PC Partner Group Ltd.		249,066
	5,606,819	PCCW Ltd.		3,380,798
	48,000	Peace Mark Holdings Ltd.(a)(b)		0
	1,312,000	Perfect Shape Medical Ltd.		410,126
	368,000	Pico Far East Holdings Ltd.		134,416
	4,216,000	Poly Property Group Co. Ltd.		1,768,859
	1,142,800	Polytec Asset Holdings Ltd.		163,225
	597,000	Pou Sheng International Holdings Ltd.		140,095
	37,500	Prinx Chengshan Cayman Holding Ltd.		35,261
	121,000	Prodisc Technology, Inc.(a)(b)		0
	60,000	Public Financial Holdings Ltd.		26,240
	261,000	Qunxing Paper Holdings Co. Ltd.(a)(b)(c)		12,576
	10,943	RB Energy, Inc.(a)(b)		0
	30,000	Realord Group Holdings Ltd.(a)		18,279
	160,200	Regal Hotels International Holdings Ltd.		100,325
	328,000	Regal Real Estate Investment Trust, REIT		103,224
	46,000	Regina Miracle International Holdings, Ltd.		36,789
	1,027	RP-SG Retail Ltd.(a)(b)		2,385
	81,484	SA SA International Holdings Ltd.		27,666
	275,000	Samson Holding Ltd.		17,909
	116,000	SAS Dragon Holdings Ltd.		38,471
	27,095	Seaspan Corp.		274,743
	57,516	Shanghai Industrial Holdings Ltd.		135,281
	211,000	Shanghai Industrial Urban Development Group Ltd.		42,257
	880,000	Shanghai Zendai Property Ltd.(a)		13,214
	90,000	Shangri-La Asia Ltd.		127,601
	120,000	Shenwan Hongyuan HK Ltd.		28,195
	50,185	Shenzhen International Holdings Ltd.		108,480
	198,659	Shenzhen Investment Ltd.		79,051
	152,129	Shimao Property Holdings Ltd.		463,690
	128,001	Shougang Fushan Resources Group Ltd.		31,028
	1,668,000	Singamas Container Holdings Ltd.		295,603
	1,919,000	Sino Biopharmaceutical Ltd.		1,847,588
	10,961	Sino-American Electronic Co. Ltd.(a)(b)		243
	148,000	Sinofert Holdings Ltd.(a)		18,311

Shares			Value
HONG KONG (continued)
	102,000	Sinopec Kantons Holdings Ltd.	$	45,576
	61,000	SITC International Holdings Co. Ltd.		64,939
	64,000	SJM Holdings Ltd.		77,389
	108,878	Skyworth Digital Holdings Ltd.		32,186
	373,643	SmarTone Telecommunications Holding Ltd.		389,406
	182,386	SMI Holdings Group Ltd.(a)(b)(c)		11,625
	86,230	SNS REAAL NV(a)(b)		0
	200,000	SOCAM Development Ltd.(a)		49,694
	1,740,000	South China Holdings Co. Ltd.(a)		47,184
	71,212	SSY Group Ltd.		67,454
	271,500	Stella International Holdings Ltd.		481,767
	242,000	Summit Ascent Holdings Ltd.(a)		50,604
	3,093,500	Sun Art Retail Group Ltd.		2,703,517
	341,801	Sun Hung Kai & Co. Ltd.		170,463
	920,000	Sunlight Real Estate Investment Trust REIT		676,805
	12,534	T Bank SA(a)(b)		0
	144,000	Tang Palace China Holdings Ltd.		25,339
	66,000	Tao Heung Holdings, Ltd.		12,879
	86,666	TCL Multimedia Technology Holdings Ltd.		46,437
	22,000	Television Broadcasts Ltd.		43,222
	42,000	Texhong Textile Group Ltd.		56,905
	54,000	Texwinca Holdings Ltd.		21,467
	159,800	Tian An China Investment Co. Ltd.		87,572
	690,000	Tianjin Port Development Holdings Ltd.		80,080
	75,000	Tibet Water Resources Ltd.(a)		21,806
	1,464,000	Time Interconnect Technology Ltd.		151,130
	528,270	Tomson Group Ltd.		202,690
	800,000	Tongda Group Holdings Ltd.		86,722
	62,000	Top Spring International Holdings Ltd.		17,853
	46,027	Towngas China Co. Ltd.		36,620
	163,039	TPV Technology Ltd.		37,866
	58,000	Tradelink Electronic Commerce Ltd.		10,503
	38,800	Transport International Holdings Ltd.		118,468
	355,600	Tsit Wing International Holdings Ltd.		78,575
	98,000	Tsui Wah Holdings Ltd.		10,501
	31,091	TT Hellenic Postbank SA(a)(b)		0
	1,225,875	UBS Beijing Capital Retailing Group Co. Ltd. - A Shares(a)		1,265,042
	1,392,100	UBS Beijing Hualian Hypermarket Co. Ltd. - A Shares(a)		944,637

Shares			Value
HONG KONG (continued)
	2,343,845	UBS Guangxi Liugong Machinery Co. Ltd. - A Shares(a)	$	2,557,955
	2,453,180	UBS Ping An Bank Co. Ltd. - A Shares(a)		5,044,916
	4,773,200	UBS Rizhao Port Co. Ltd. - A Shares(a)		2,430,991
	2,024,600	UBS Shandong Haihua Co. Ltd. -A Shares(a)		1,731,559
	2,141,697	UBS Wuxi Taiji Industry Co. Ltd. - A Shares(a)		2,257,841
	144,000	Union Medical Healthcare Ltd.		99,599
	774,000	United Energy Group Ltd.		145,149
	58,500	United Laboratories International Holdings Ltd. (The)		34,256
	44,000	Up Energy Development Group Ltd.(a)(b)(c)		136
	65,000	Value Partners Group Ltd.		48,992
	1,101,300	Valuetronics Holdings Ltd.		554,714
	7,000	Vinda International Holdings Ltd.		13,480
	521,584	Virgin Australia Holdings Ltd. - CVR Shares(a)(b)		0
	32,000	Vitasoy International Holdings Ltd.		161,126
	79,600	VSTECS Holdings Ltd.		43,687
	236,196	VTech Holdings Ltd.		2,158,050
	240,000	Wai Kee Holdings Ltd.		162,869
	18,409,667	Wang On Group Ltd.(c)		208,749
	68,622	Wasion Group Holdings Ltd.		35,042
	68,000	Wing On Co. International Ltd.		231,861
	182,000	Wing Tai Properties Ltd.		138,227
	44,673	Wintek Corp.(a)(b)(c)		496
	82,000	Xinyi Glass Holdings Ltd.		93,786
	1,456,872	Yue Yuen Industrial Holdings Ltd.		4,705,667
	518,946	Yuexiu Property Co. Ltd.		120,458
	2,068,191	Yuexiu Transport Infrastructure Ltd.		1,685,565
	20,000	Zhongyu Gas Holdings Ltd.		18,725
	162,000	Zhuguang Holdings Group Co. Ltd.(a)		25,451
	306,000	Zhuhai Holdings Investment Group Ltd.		34,018
				82,692,420
HUNGARY — 0.0%
	5,186	MOL Hungarian Oil & Gas Plc		59,720
	33,762	Richter Gedeon Nyrt		669,897
				729,617
INDIA — 0.6%
	116	3M India Ltd.(a)		38,239
	2,639	5Paisa Capital Ltd.(a)		10,952
	1,487	Aarti Drugs Ltd.		13,264
	2,978	Aarti Industries LTD.		69,485

Shares			Value
INDIA (continued)
	1,662	ABB India Ltd.	$	35,352
	2,871	ACC Ltd.		67,381
	6,979	Adani Enterprises Ltd.		12,746
	59,679	Adani Gas Ltd.(a)		115,006
	45,415	Adani Green Energy Ltd.(a)		26,105
	581,694	Adani Ports and Special Economic Zone Ltd.		3,285,912
	49,774	Adani Power Ltd.(a)		32,185
	28,080	Adani Transmission Ltd(a)		88,470
	7,689	Aditya Birla Capital Ltd.(a)		10,809
	12,792	Aegis Logistics Ltd.		35,905
	1,354	AIA Engineering Ltd.		35,337
	1,948	Ajanta Pharma Ltd.		27,734
	250	Akzo Nobel India Ltd.		6,176
	7,855	Alembic Pharmaceuticals Ltd.		62,957
	2,907	Amara Raja Batteries Ltd.		27,670
	26,000	Andhra Bank(a)		9,318
	1,878	Anup Engineering Limited.(a)		12,563
	3,061	Apar Industries Ltd.		29,350
	684	Apl Apollo Tubes Ltd.		15,626
	5,067	Apollo Hospitals Enterprise Ltd.		88,601
	38,391	Apollo Tyres Ltd.		113,725
	10,143	Arvind Fashions Ltd.(a)		145,873
	29,548	Arvind Ltd.		35,345
	66,084	Ashok Leyland Ltd.		82,634
	3,306	Ashoka Buildcon Ltd.(a)		5,903
	2,530	Astral Polytechnik Ltd.		44,851
	933	Atul Ltd.		45,980
	3,997	Avanti Feeds Ltd.		20,861
	4,216	Bajaj Consumer Care Ltd.		19,905
	11,543	Bajaj Holdings & Investment Ltd.		512,138
	1,167	Balaji Amines Ltd.		7,331
	3,655	Balkrishna Industries Ltd.		48,048
	21,405	Balrampur Chini Mills Ltd.(a)		46,446
	57,043	Bank of Baroda(a)		95,741
	1,330	BASF India Ltd.		26,072
	1,477	Bata India Ltd.		30,904
	1,085	BEML Ltd.		13,636
	9,384	Berger Paints India Ltd.		43,034
	19,283	Bharat Electronics Ltd.		24,174
	4,628	Bharat Financial Inclusion Ltd.(a)		67,084
	12,322	Bharat Forge Ltd.		83,682
	1,789,516	Bharat Heavy Electricals Ltd.		1,821,800
	129	Bharat Rasayan Ltd.		7,614
	484,365	Bharti Airtel Ltd.		2,230,581
	2,062	Birla Corp. Ltd.		14,914
	15,210	Birlasoft Ltd.		20,477
	4,707	Bliss Gvs Pharma Ltd.		11,352
	311	Blue Dart Express Ltd.		14,704
	7,567	Bodal Chemicals Ltd.		13,146
	12,029	Bombay Dyeing & Manufacturing Co. Ltd.		19,414
	7,289	Brigade Enterprises Ltd.		23,302
	2,111	Cadila Healthcare Ltd.		9,882

Shares			Value
INDIA (continued)
	5,574	Can Fin Homes Ltd.	$	25,544
	8,528	Canara Bank(a)		31,945
	7,476	Carborundum Universal Ltd.		38,708
	1,183	Care Ratings Ltd.		16,725
	2,644	CCL Products India Ltd.		9,841
	1,987	Ceat Ltd.		30,117
	4,533	Century Plyboards India Ltd.		11,304
	944	Century Textiles & Industries Ltd.		12,452
	1,713	CESC Ltd.		17,256
	342	CESC Ventures Ltd.(a)		2,439
	35,669	CG Power and Industrial Solutions Ltd.(a)		19,263
	17,449	Chambal Fertilizers and Chemicals Ltd.		38,966
	2,773	Cholamandalam Investment and Finance Co. Ltd.		55,400
	12,260	City Union Bank Ltd.		35,745
	4,270	Coffee Day Enterprises Ltd.(a)		15,963
	5,074	Colgate-Palmolive India Ltd.		88,222
	7,227	Container Corp. Of India Ltd.		51,227
	11,412	Coromandel International Ltd.		71,288
	15,702	Cox & Kings Financial Service Ltd.(a)		8,545
	20,123	Cox & Kings Ltd.		35,101
	887	Crisil Ltd.		18,276
	23,809	Crompton Greaves Consumer Electricals Ltd.		81,329
	2,991	Cummins India Ltd.		31,250
	14,681	Cyient Ltd.		124,498
	16,168	DCB Bank Ltd.		49,360
	9,427	DCM Shriram Ltd.		58,969
	4,866	Deepak Nitrite Ltd.		18,472
	8,598	Delta Corp Ltd.		30,367
	21,697	Dewan Housing Finance Corp. Ltd.		42,182
	1,358,249	Dish TV India Ltd.		702,970
	5,976	Dishman Carbogen Amcis Ltd.(a)		19,342
	2,682	Divi’s Laboratories Ltd.		67,366
	1,477,693	DLF Ltd.		3,674,863
	1,513	Dr Lal Pathlabs Ltd.		22,719
	2,503	Dr Reddys Laboratories Ltd.		105,352
	2,959	eClerx Services Ltd.		48,737
	12,047	EID Parry India Ltd.		33,565
	4,882	EIH Ltd.		13,262
	3,704	Elgi Equipments Ltd.		14,097
	3,941	Emami Ltd.		21,915
	625	Endurance Technologies Ltd.		10,572
	5,540	Engineers India Ltd.		8,889
	7,399	Escorts Ltd.		78,635
	22,601	Essel Propack Ltd.		44,325
	11,633	Exide Industries Ltd.		35,816
	4,465	FDC Ltd.(a)		11,088
	89,105	Federal Bank Ltd.		118,865
	4,296	Federal-Mogul Goetze India Ltd.(a)		33,891

Shares			Value
INDIA (continued)
	6,598	Finolex Cables Ltd.	$	41,785
	4,610	Finolex Industries Ltd.		30,723
	21,394	Firstsource Solutions Ltd.		15,554
	14,906	Fortis Healthcare Ltd.(a)		29,711
	40,366	Future Retail Ltd.(a)		19,655
	4,129	Future Retail Ltd.(a)		24,955
	3,252	Gabriel India Ltd.		6,811
	708	Garware Technical Fibers Ltd.		11,049
	8,390	Gateway Distriparks Ltd.		16,117
	10,841	Gayatri Projects Ltd.(a)		25,477
	7,704	GHCL Ltd.		28,060
	3,335	GIC Housing Finance Ltd.		12,384
	220	Gillette India Ltd.		23,847
	810	GlaxoSmithKline Consumer Healthcare Ltd.		84,820
	522	GlaxoSmithKline Pharmaceuticals Ltd.		9,642
	16,245	Glenmark Pharmaceuticals Ltd.		149,182
	3,122	Godfrey Phillips India Ltd.		49,611
	1,368	Godrej Industries Ltd.		10,117
	10,942	Granules India Ltd.		17,652
	6,570	Graphite India Ltd.		36,145
	6,972	Great Eastern Shipping Co. Ltd. (The)		28,952
	16,172	Greaves Cotton Ltd.		34,310
	770	Greenlam Industries Ltd.		10,291
	5,192	Grindwell Norton Ltd.		45,334
	8,690	Gruh Finance Ltd.		39,720
	4,027	Gujarat Alkalies & Chemicals		27,905
	6,920	Gujarat Ambuja Exports Ltd.		20,911
	2,199	Gujarat Flourochemicals Ltd.		32,928
	8,027	Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		36,183
	27,992	Gujarat State Fertilizers & Chemicals Ltd.		39,434
	15,512	Gujarat State Petronet Ltd.		44,591
	9,482	Havells India Ltd.		105,586
	610	HEG Ltd.		14,280
	14,346	HeidelbergCement India Ltd.		37,632
	5,553	Hikal Ltd.		14,118
	151,702	Himachal Futuristic Communications Ltd.		48,327
	8,085	Himadri Speciality Chemical Ltd.		12,838
	4,003	Himatsingka Seide Ltd.		12,302
	2,430	Hinduja Global Solutions Ltd.		21,794
	12,605	Hindustan Petroleum Corp. Ltd.		52,995
	102	Honeywell Automation India Ltd.		35,259
	4,443	Huhtamaki PPL Ltd.		14,370
	1,415	I G Petrochemicals Ltd.		6,033
	337,825	Idea Cellular Ltd.(a)		75,036
	41,116	IDFC First Bank Ltd.		29,534
	73,673	IDFC Ltd.		42,544
	65,962	IFCI Ltd.(a)		10,056
	38,969	IIFL Holdings Ltd.		242,027

Shares			Value
INDIA (continued)
	17,077	India Cements Ltd.	$	26,300
	951	India Glycols Ltd.		3,466
	21,437	Indiabulls Housing Finance Ltd.		214,408
	27,666	Indiabulls Real Estate Ltd.(a)		45,775
	16,070	Indiabulls Ventures Ltd.		68,590
	2,931	Indian Bank(a)		10,632
	4,977	Indian Hotels Co. Ltd.		11,045
	63,408	Indian Overseas Bank(a)		12,863
	6,915	Indraprastha Gas Ltd.		31,098
	121	Ingersoll-Rand India Ltd.		1,061
	2,064	Inox Leisure Ltd.(a)		9,312
	1,367	Intellect Design Arena Ltd.(a)		4,471
	1,853	Interglobe Aviation Ltd.		40,393
	2,682	International Paper APPM Ltd.(a)		17,105
	2,764	Ipca Laboratories Ltd.		37,855
	5,565	ITD Cementation India Ltd.		9,886
	8,265	Jagran Prakashan Pvt Ltd.		13,474
	29,744	Jain Irrigation Systems Ltd. - DVR		23,321
	7,106	JB Chemicals & Pharmaceuticals Ltd.		35,176
	4,727	Jindal Poly Films Ltd.		17,233
	29,253	Jindal Saw Ltd.		34,122
	8,127	Jindal Stainless Hisar Ltd.(a)		10,182
	16,998	Jindal Stainless Ltd.(a)		9,145
	38,658	Jindal Steel & Power Ltd.(a)		99,031
	980	JK Cement, Ltd.		12,733
	21,600	JK Paper Ltd.		42,935
	53,110	JM Financial Ltd.		67,607
	63,861	JSW Energy Ltd.(a)		64,124
	4,756	Jubilant Foodworks Ltd.		90,893
	18,044	Jubilant Life Sciences Ltd.		171,520
	3,247	Just Dial Ltd.(a)		27,040
	4,040	Jyothy Laboratories Ltd.		10,427
	1,524	Kajaria Ceramics Ltd.		13,039
	7,256	Kalpataru Power Transmission Ltd.		48,629
	3,790	Kansai Nerolac Paints Ltd.		24,032
	21,127	Karur Vysya Bank Ltd. (The)		23,529
	2,611	Kaveri Seed Co. Ltd.		16,736
	8,411	KEC International Ltd.		34,565
	4,381	KEI Industries Ltd.		25,723
	1,261	Kiri Industries Ltd.(a)		9,815
	4,060	Kirloskar Oil Engines Ltd.		9,527
	4,865	Knr Constructions Ltd.		16,794
	3,298	Kolte-Patil Developers Ltd.		10,944
	15,210	Kpit Engineering Ltd.(a)		22,579
	2,402	KPR Mill Ltd.		20,736
	4,012	KRBL Ltd.		19,158
	39,001	L&T Finance Holdings Ltd.		73,530
	366	Lakshmi Machine Works Ltd.		30,396
	1,792	Larsen & Toubro Infotech Ltd.		44,246
	2,599	Laurus Labs Ltd.		14,287
	34,906	LIC Housing Finance Ltd.		249,416
	5,198	Lupin Ltd.		65,155

Shares			Value
INDIA (continued)
	21,539	Mahindra & Mahindra Financial Services Ltd.	$	124,133
	3,236	Mahindra CIE Automotive Ltd.(a)		10,599
	77,559	Manappuram Finance Ltd.		131,616
	16,573	Marksans Pharma Ltd.		5,627
	3,410	Max Financial Services Ltd.(a)		20,479
	11,396	Max Ltd.(a)		11,516
	16,866	Meghmani Organics Ltd.		16,047
	1,013	Merck Ltd.		54,154
	6,096	Minda Corp. Ltd.		11,137
	6,474	Minda Industries Ltd.		33,862
	4,934	MindTree Ltd.		69,625
	4,129	MOIL Ltd.		9,135
	1,610	Motilal Oswal Financial Services Ltd.		16,468
	3,839	Mphasis Ltd.		53,532
	66	MRF Ltd.		50,197
	15,818	Muthoot Finance Ltd.		135,795
	2,183	Natco Pharma Ltd.		17,121
	62,036	National Aluminium Co. Ltd.		46,211
	17,565	Nava Bharat Ventures Ltd.		25,741
	1,175	Navin Fluorine International Ltd.		11,336
	3,720	Navneet Education Ltd.		5,947
	28,062	NCC Ltd.		40,040
	1,485	NESCO Ltd.		10,607
	35,322	NHPC Ltd.		11,862
	6,355	NIIT Technologies Ltd.		118,214
	534	Nilkamal Ltd.		10,193
	14,212	NOCIL Ltd.		27,363
	2,785	Oberoi Realty Ltd.		20,319
	10,700	Odisha Cement Ltd.(a)		176,558
	3,942	OMAXE Ltd.		11,769
	1,101	Oracle Financial Sevices Software Ltd.		55,726
	9,517	Oriental Bank of Commerce(a)		13,241
	346	Page Industries Ltd.		114,965
	3,534	Parag Milk Foods Ltd.		12,280
	19,480	PC Jeweller Ltd.		33,464
	2,402	Persistent Systems Ltd.		21,975
	90,350	Petronet LNG Ltd.		313,588
	765	Pfizer Ltd.		34,593
	7,356	Phillips Carbon Black Ltd.		16,565
	4,125	Phoenix Mills Ltd. (The)		35,598
	4,169	PI Industries Ltd.		62,600
	759	PNB Housing Finance Ltd.		7,732
	3,217	Polyplex Corp. Ltd.		23,751
	63,986	Power Finance Corp. Ltd.(a)		106,388
	735	Power Mech Projects Ltd.		9,446
	16,420	Prestige Estates Projects Ltd.		61,790
	839	Procter & Gamble Hygiene & Health Care Ltd.		123,322
	20,382	PTC India Ltd.		20,340
	39,797	Punjab National Bank(a)		48,638
	470	PVR Ltd.		11,960

Shares			Value
INDIA (continued)
	1,816	Radico Khaitan Ltd.	$	9,237
	19,040	Rain Industries Ltd.		31,437
	7,281	Rajesh Exports Ltd.		70,621
	7,747	Ramco Cements Ltd. (The)		86,271
	1,209	Ramkrishna Forgings Ltd.		8,800
	12,082	Rashtriya Chemicals & Fertilizers Ltd.		9,918
	1,420	Ratnamani Metals & Tubes Ltd.		18,147
	1,973	Raymond Ltd.		21,886
	1,324	RBL Bank Ltd.		12,920
	65,007	REC Ltd.		137,727
	55,478	Redington India Ltd.		81,194
	320,767	Reliance Capital Ltd.		613,473
	201,276	Reliance Infrastructure Ltd.		312,584
	47,774	Reliance Power Ltd.(a)		4,152
	5,621	Repco Home Finance Ltd.		33,770
	6,157	Sadbhav Engineering Ltd.		20,992
	471	Sanofi India Ltd.		38,009
	2,386	Sharda Cropchem Ltd.		12,404
	2,147	Shilpa Medicare Ltd.(a)		12,100
	489	Shriram City Union Finance Ltd.		11,615
	11,440	Shriram Transport Finance Co. Ltd.		182,752
	1,578	Siemens Ltd.		26,611
	2,280	Siyaram Silk Mills Ltd.		11,680
	1,495	SKF India Ltd.		42,466
	2,942	Sobha Ltd.		20,325
	6,931	Sona Koyo Steering Systems Ltd.		10,046
	2,749	Sonata Software Ltd.		13,099
	21,465	South Indian Bank Ltd.		4,802
	44,552	Srei Infrastructure Finance Ltd.		16,632
	3,116	SRF Ltd.		115,001
	1,016,961	State Bank of India(a)		4,532,382
	3,181,204	Steel Authority of India Ltd.(a)		2,553,313
	12,228	Sterlite Technologies Ltd.		33,578
	3,128	Strides Shasun Ltd.		21,569
	5,386	Sun TV Network Ltd.		44,456
	4,575	Sundram Fasteners Ltd.		36,316
	5,914	Sunteck Realty Ltd.		39,237
	2,717	Supreme Industries Ltd.		44,627
	3,270	Surya Roshni Ltd.		11,248
	8,752	Suven Life Sciences Ltd.		33,337
	516	Swaraj Engines Ltd.		10,329
	600	Symphony Ltd.		11,794
	42,645	Syndicate Bank(a)		23,071
	2,674	Syngene International Ltd.		23,627
	13,420	TAKE Solutions Ltd.		28,463
	3,870	Tata Chemicals Ltd.		32,125
	17,372	Tata Global Beverages Ltd.		52,270
	1,013	Tata Metaliks Ltd.		9,065
	9,423	Tata Power Co. Ltd.		9,184
	25	TCI Express Ltd.		242
	4,498	Techno Electric & Engineering Co Ltd.(a)		15,323

Shares			Value
INDIA (continued)
	2,619	Thermax Ltd.	$	36,709
	3,081	Thomas Cook India Ltd.		10,895
	7,485	Ti Financial Holdings Ltd.		55,524
	23,253	Time Technoplast Ltd.		30,263
	970	Timken India Ltd.		7,679
	4,248	Torrent Pharmaceuticals Ltd.		109,475
	6,133	Torrent Power Ltd.		22,296
	3,514	Transport Corp. of India Ltd.		14,760
	1,040	Trent Ltd.		5,320
	10,744	Trident Ltd.		10,133
	5,808	Triveni Turbine Ltd.		8,777
	344	TTK Prestige Ltd.		40,584
	15,510	Tube Investments Of India Ltd.		84,846
	5,542	TV Today Network Ltd.		24,505
	2,513,790	TV18 Broadcast Ltd.(a)		1,131,976
	1,062,294	UBS MLS Co. Ltd. - A Shares(a)		2,082,064
	5,078	Uflex Ltd.		16,757
	20,119	Union Bank of India(a)		24,162
	3,158	United Breweries Ltd.		64,425
	2,059	United Spirits Ltd.(a)		16,604
	24,228	UPL Ltd.		337,701
	2,826	Vardhman Textiles Ltd.		45,722
	305	Venky’s India Ltd.		8,764
	375	Vesuvius India Ltd.		6,078
	5,959	V-Guard Industries Ltd.		18,666
	830	Vinati Organics Ltd.		21,526
	4,598	VIP Industries Ltd.		31,013
	3,561	Voltas Ltd.		30,871
	2,640	VRL Logistics Ltd.		10,300
	629	VST Industries Ltd.		30,973
	368	WABCO India Ltd.		33,108
	18,219	Welspun Corp. Ltd.		34,845
	29,615	Welspun India Ltd.		22,687
	8,145	West Coast Paper Mills Ltd.		28,685
	6,637	Zensar Technologies Ltd.		22,397
	888	Zydus Wellness Ltd.		16,703
				36,288,550
INDONESIA — 0.2%
	267,300	Ace Hardware Indonesia Tbk PT		30,969
	1,665,700	Adaro Energy Tbk PT		152,808
	190,300	Adhi Karya Persero Tbk PT		23,276
	81,400	AKR Corporindo Tbk PT		25,448
	1,500,100	Alam Sutera Realty Tbk PT(a)		35,358
	517,329	Aneka Tambang Persero Tbk PT		31,493
	28,100	Asahimas Flat Glass Tbk PT		11,144
	45,900	Astra Agro Lestari Tbk PT		35,037
	9,876,000	Bakrie Telecom Tbk PT(a)		34,653
	1,325,350	Bank Pan Indonesia Tbk PT(a)		120,450
	246,200	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		35,108
	611,400	Bank Pembangunan Daerah Jawa Timur Tbk PT		29,189

Shares			Value
INDONESIA (continued)
	242,600	Bank Tabungan Negara Persero Tbk PT	$	43,200
	1,314,500	Barito Pacific Tbk PT		371,996
	166,200	Bukit Asam Tbk PT		46,237
	456,700	Bumi Serpong Damai Tbk PT(a)		46,037
	1,062,101	Ciputra Development Tbk PT		84,270
	644,973	Citra Marga Nusaphala Persada Tbk PT(a)		58,521
	681,000	Delta Dunia Makmur Tbk PT(a)		25,830
	858,400	Elnusa Tbk PT		23,226
	191,500	Erajaya Swasembada Tbk PT		19,506
	36,600	Fajar Surya Wisesa Tbk PT		20,562
	591,000	Gajah Tunggal Tbk PT(a)		30,716
	1,052,900	Global Mediacom Tbk PT		29,718
	2,616,900	Hanson International Tbk PT(a)		18,181
	271,700	Indah Kiat Pulp and Paper Corp. Tbk PT		141,243
	365,600	Indika Energy Tbk PT		43,810
	47,100	Indo Tambangraya Megah Tbk PT		63,606
	13,200	Indocement Tunggal Prakarsa Tbk PT		20,412
	123,500	Indofood Sukses Makmur Tbk PT		60,301
	354,800	Japfa Comfeed Indonesia Tbk PT		38,881
	69,709	Jasa Marga Persero Tbk PT		29,871
	7,473,140	Kawasan Industri Jababeka Tbk PT(a)		131,175
	883,300	Kresna Graha Investama PT Tbk(a)		35,965
	1,043,200	Lippo Karawaci Tbk PT		23,970
	66,200	Matahari Department Store Tbk PT		18,954
	1,490,275	Mayora Indah Tbk PT		272,046
	1,694,200	Medco Energi Internasional Tbk PT(a)		104,538
	631,500	Media Nusantara Citra Tbk PT		41,690
	631,400	Mitra Adiperkasa Tbk PT		44,119
	2,498,100	MNC Investama Tbk PT(a)		14,388
	1,155,000	Mnc Land Tbk PT(a)		10,714
	844,100	Modernland Realty Tbk PT		17,979
	25,000	Pabrik Kertas Tjiwi Kimia Tbk PT		17,694
	463,800	Pakuwon Jati Tbk PT		23,265
	332,600	Pan Brothers Tbk PT		11,776
	1,705,900	Panin Financial Tbk PT(a)		48,414
	17,834,700	Perusahaan Gas Negara Persero Tbk		2,906,841
	195,800	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		14,982
	276,100	PP Persero Tbk PT		46,599
	995,300	Rimo International Lestari Tbk PT(a)		9,355
	463,300	Salim Ivomas Pratama Tbk PT		13,469

Shares			Value
INDONESIA (continued)
	257,900	Sawit Sumbermas Sarana Tbk PT	$	19,636
	157,200	Selamat Sempurna Tbk PT		16,550
	49,400	Siloam International Hospitals Tbk PT(a)		14,158
	117,500	Sinar Mas Agro Resources & Technology Tbk PT		34,148
	1,203,400	Sri Rejeki Isman Tbk PT		28,377
	292,700	Sumber Alfaria Trijaya Tbk PT		21,043
	523,400	Summarecon Agung Tbk PT		41,098
	137,100	Surya Citra Media Tbk PT		17,900
	236,000	Timah Tbk PT		22,721
	586,900	Tiphone Mobile Indonesia Tbk PT		28,819
	141,600	Tower Bersama Infrastructure Tbk PT		39,296
	1,313,000	Trada Maritime Tbk PT(a)		10,791
	765,600	Tunas Baru Lampung Tbk PT		45,404
	539,500	Tunas Ridean Tbk PT		43,915
	3,379,400	UBS Daqin Railway Co. Ltd. - A Shares(a)		4,275,178
	156,900	Vale Indonesia Tbk PT(a)		33,631
	1,429,700	Waskita Beton Precast Tbk Pt		44,216
	439,785	Waskita Karya Persero Tbk PT		65,576
	440,200	Wijaya Karya Beton Tbk PT		18,854
	392,700	Wijaya Karya Persero Tbk PT		66,812
	407,100	XL Axiata Tbk PT(a)		83,473
				10,560,586
IRELAND — 1.1%
	576,745	Allegion Plc		57,230,406
	91,358	Bank Of Ireland Group Plc		584,009
	77,327	C&C Group Plc		293,051
	43,303	COSMO Pharmaceuticals NV(a)(c)		4,085,051
	4,646	Datalex Plc		4,778
	5,572	FBD Holdings Plc		56,455
	31,774	Glanbia Plc		584,374
	48,382	Grafton Group Plc - Units		557,626
	703	Greencore Group Plc		2,109
	16,165	IFG Group Plc(a)		39,246
	34,289	Inmobiliaria Colonial SA, REIT		54,997
	20,975	Irish Continental Group Plc - Units		118,427
	7,387	Kingspan Group Plc		388,366
	10,380	Paddy Power Betfair Plc		870,410
	5,111	Permanent TSB Group Holdings Plc(a)		7,885
	26,429	Smurfit Kappa Group Plc		775,016
	4,022	Tarsus Group Plc		16,549
	7,190	UDG Healthcare Plc		61,726
				65,730,481
ISLE OF MAN — 0.0%
	11,585	GVC Holdings Plc		98,860

Shares			Value
ISLE OF MAN (continued)
	3,704	Playtech Plc	$	21,181
				120,041
ISRAEL — 0.7%
	9,060	Africa Israel Properties Ltd.(a)		246,328
	91,534	Airport City Ltd.(a)		1,520,027
	931	Alrov Properties and Lodging Ltd.		33,349
	3,895	Amir Marketing & Investments in Agriculture Ltd.		38,575
	3,097	Amot Investments Ltd.		18,259
	2,636	Ashtrom Group Ltd.		17,215
	2,511	Ashtrom Properties Ltd.		12,568
	1	AudioCodes Ltd.		14
	9,420	Azorim-Investment Development & Construction Co. Ltd.(a)		11,244
	42,780	B Communications Ltd.(a)		79,250
	192	Bayside Land Corp.		94,188
	25,544	Bezeq The Israeli Telecommunication Corp. Ltd.		17,474
	984	Blue Square Real Estate Ltd.		39,229
	1,944	Carasso Motors Ltd.		9,270
	48,753	Cellcom Israel Ltd.(a)		204,143
	3,810	Clal Insurance Enterprise Holdings Ltd.(a)		52,894
	67,300	Cyberark Software Ltd.(a)		8,676,989
	58	Danel Adir Yeoshua Ltd.		3,389
	6,881	Delek Automotive Systems Ltd.		30,957
	509	Delek Group Ltd.		96,933
	1,075	Delta-Galil Industries Ltd.		32,443
	5,250	Direct Insurance Financial Investments Ltd.		59,091
	2,916	Dor Alon Energy in Israel 1988 Ltd.		47,983
	59,878	El Al Israel Airlines(a)		15,128
	111	Electra Ltd.		30,401
	4,206	Equital Ltd.(a)		125,458
	10,577	FIBI Holdings Ltd.		309,964
	3,186	First International Bank of Israel Ltd.		80,072
	2,784	Formula Systems 1985 Ltd.		132,968
	1,782	Fox Wizel Ltd.		50,189
	1,314	Gilat Satellite Networks Ltd.(a)		11,730
	495	Globrands Ltd.		45,650
	17,448	Harel Insurance Investments & Financial Services Ltd.		130,797
	15,369	Hilan Ltd.		424,084
	257	IDI Insurance Co. Ltd.		12,007
	93,543	Industrial Buildings Corp. Ltd.(a)		162,070
	2,862	Inrom Construction Industries Ltd.		10,493
	14,400	Israel Corp. Ltd. (The)		3,474,312
	1,307,689	Israel Discount Bank Ltd. - Class A		5,104,796

Shares			Value
ISRAEL (continued)
	834	Israel Land Development - Urban Renewal Ltd.(a)	$	7,718
	34,088,774	Isramco Negev 2 LP		3,445,989
	1,488	Isras Investment Co. Ltd.		215,240
	674,586	Jerusalem Economy Ltd.(a)		2,245,713
	98,782	Kamada Ltd.(a)		576,272
	395	Kerur Holdings Ltd.(a)		10,366
	2,263	Magic Software Enterprises Ltd.		22,027
	232	Malam - Team Ltd.		26,436
	1,841	Matrix IT Ltd.		24,553
	8,445	Meitav DS Investments Ltd.		26,561
	566	Melisron Ltd.		28,591
	3,204	Menora Mivtachim Holdings Ltd.		41,243
	164,849	Migdal Insurance & Financial Holding Ltd.		170,662
	453,871	Mizrahi Tefahot Bank Ltd.		9,824,986
	470	Municipal Bank Ltd.		92,637
	26,582	Naphtha Israel Petroleum Corp. Ltd.		161,795
	143	Neto ME Holdings Ltd.(a)		12,206
	1,639	Nova Measuring Instruments Ltd.(a)		45,878
	1,876,034	Oil Refineries Ltd.(a)		921,589
	251,279	Partner Communications Co. Ltd.(a)		1,136,141
	17,899	Paz Oil Co. Ltd.		2,609,408
	5,147	Phoenix Holdings Ltd. (The)		29,382
	207	Plasson Industries Ltd.		8,784
	1,078	Property & Building Corp. Ltd.		95,337
	5,220	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		272,782
	15	Scope Metals Group Ltd.		402
	36,690	Shikun & Binui Ltd.(a)		94,917
	196,729	Shufersal Ltd.		1,308,198
	16,358	Strauss Group Ltd.		417,279
	3,075	Summit Real Estate Holdings Ltd.		28,021
	22,461	Taptica international Ltd.		42,651
	3,836	Tower Semiconductor Ltd.(a)		70,002
	6,295	Union Bank of Israel(a)		30,380
	744	YH Dimri Construction & Development Ltd.		13,764
				45,519,841
ITALY — 0.7%
	2,141,366	A2A SpA		3,583,881
	48,412	ACEA SpA		880,396
	36,937	Aeffe SpA(a)		122,287
	4,816	Amplifon SpA		92,650
	34,430	Anima Holding SpA(a)		137,218
	918	Aquafil SpA		9,980
	194,909	Arnoldo Mondadori Editore SpA(a)		373,461
	25,968	Ascopiave SpA		111,781
	2,434	Astaldi SpA(a)		1,904

Shares			Value
ITALY (continued)
	67,540	Autogrill SpA	$	656,350
	1,023	Avio SpA		14,516
	102,204	Azimut Holding SpA		2,066,737
	9,761	Banca Farmafactoring SpA		57,645
	97,349	Banca Generali SpA		2,750,599
	4,238	Banca IFIS SpA		73,197
	146,522	Banca Mediolanum SpA		1,076,172
	41,657	Banca Popolare di Sondrio SCPA		113,404
	61,100	Banca Profilo SpA		11,472
	15,282	Banca Sistema SpA		28,775
	76,238	Banco BPM SpA(a)		181,487
	1,604	Banco di Desio e della Brianza SpA		3,662
	1,231,589	Banco Espirito Santo SA(a)(b)(c)		0
	35,103	BasicNet SpA		214,875
	37,142	BE		44,161
	1,214	Biesse SpA		27,053
	284,365	BPER Banca		1,367,199
	13,782	Brembo SpA		181,292
	1,238	Brunello Cucinelli SpA		45,009
	12,479	Buzzi Unicem SpA		278,228
	9,666	Cairo Communication SpA		39,898
	31,382	Cementir Holding SpA		227,889
	14,741	Cerved Information Solutions SpA		144,067
	165,287	CIR-Compagnie Industriali Riunite SpA		203,494
	55,650	Credito Emiliano SpA		317,923
	496,813	Credito Valtellinese SpA(a)		40,004
	2,366	Danieli & C Officine Meccaniche SpA		48,213
	2,219	Datalogic SpA		52,663
	40,590	Davide Campari-Milano SpA		409,473
	5,018	De’ Longhi SpA		128,626
	62,065	DeA Capital SpA		108,050
	1,255	DiaSorin SpA		122,685
	407	El.En. SpA		8,270
	24,297	Elica SpA(a)		63,561
	37,895	Emak SpA		57,830
	11,917	ERG SpA		220,147
	135,036	Esprinet SpA		550,573
	169,044	Eurotech SpA(a)		722,155
	802,334	Falck Renewables SpA		2,870,888
	134,357	Fiera Milano SpA(a)		705,766
	1,968	Fila SpA		30,570
	50,645	Fincantieri SpA		62,017
	2,400	Fine Foods & Pharmaceuticals NTM		27,972
	35,227	FinecoBank Banca Fineco SpA		464,009
	72,956	FNM SpA		41,699
	64,783	GEDI Gruppo Editoriale SpA(a)		25,032
	21,426	Geox SpA		39,935
	8,084	Gruppo Mutuionline SpA		156,397
	828,953	Hera SpA		2,950,877

Shares			Value
ITALY (continued)
	41,638	Immobiliare Grande Distribuzione SIIQ SpA, REIT	$	315,487
	83,834	IMMSI SpA(a)		49,774
	997	Industria Macchine Automatiche SpA		78,400
	14,478	Infrastrutture Wireless Italiane SPA		120,008
	5,054	Interpump Group SpA		190,053
	533,422	Iren SpA		1,247,605
	417,279	Italgas SpA		2,606,544
	42,259	Juventus Football Club SpA(a)		59,855
	45,078	Leonardo SpA		521,321
	2,583	LU-VE SpA		34,190
	153,291	Maire Tecnimont SpA		548,512
	1,563	MARR SpA		37,964
	4,244	Massimo Zanetti Beverage Group SpA		29,230
	63,364	Mediaset SpA(a)		210,946
	74,819	Mediobanca Banca di Credito Finanziario SpA		793,033
	9,829	Moncler SpA		404,114
	715,497	Piaggio & C SpA		1,976,955
	52,079	Pirelli & C SpA(a)		380,718
	99,125	Poste Italiane SpA		1,059,394
	1,015	Prima Industrie SpA		22,981
	9,272	Prysmian SpA		179,029
	10,849	RAI Way SpA		57,099
	19,423	Recordati SpA		784,842
	88,169	Reno de Medici SpA		69,829
	971	Reply SpA		63,294
	15,504	Retelit SpA		26,514
	31,219	Rizzoli Corriere Della Sera Mediagroup SpA(a)		45,392
	3,291	Sabaf SpA		57,800
	75,596	Saipem SpA(a)		383,461
	9,131	Salini Impregilo SpA		19,068
	1,495	Salvatore Ferragamo SpA		33,918
	101,035	Saras SpA		180,510
	6,627	Servizi Italia SpA		29,269
	4,801	Sesa SpA		149,473
	171,499	Societa Cattolica di Assicurazioni SCRL		1,597,864
	33,004	Societa Iniziative Autostradali e Servizi SpA		544,186
	15,060	Sogefi SpA(a)		23,895
	10,989	SOL SpA		147,810
	5,968	Technogym SpA		73,235
	49,203	Terna Rete Elettrica Nazionale SpA		295,178
	54,970	Tinexta Spa		700,245
	1,050	Tod’s SpA		51,638
	777	Unieuro SpA		12,840
	86,128	Unione di Banche Italiane SpA		268,883
	610,001	Unipol Gruppo SpA		3,107,443
	174,597	UnipolSai Assicurazioni SpA		478,434

Shares			Value
ITALY (continued)
	4,301	Zignago Vetro SpA	$	54,869
				45,469,176
JAPAN — 7.1%
	83,400	77 Bank Ltd. (The)		1,196,786
	60,700	A&D Co. Ltd.		497,671
	1,100	Abist Co. Ltd.		31,343
	1,900	Achilles Corp.		33,697
	19,200	Adastria Co. Ltd.		472,092
	93,743	ADEKA Corp.		1,408,346
	2,200	Advan Co. Ltd.		20,514
	700	Advance Create Co. Ltd.		11,553
	1,700	Advanex, Inc.		26,967
	251,500	Advantest Corp.		7,132,219
	300	Adventure, Inc.		12,299
	13,900	Aeon Delight Co. Ltd.		468,001
	1,200	Aeon Fantasy Co. Ltd.		28,689
	3,400	Aeon Mall Co. Ltd.		52,200
	20,200	Ahresty Corp.		115,891
	2,000	Ai Holdings Corp.		32,682
	2,300	Aica Kogyo Co. Ltd.		79,802
	4,800	Aichi Bank Ltd. (The)		156,738
	11,000	Aichi Corp.		75,161
	2,800	Aichi Steel Corp.		85,989
	1,000	Aichi Tokei Denki Co. Ltd.		37,156
	6,200	Aida Engineering Ltd.		48,917
	15,100	Aiful Corp.(a)		35,428
	2,000	Ain Holdings, Inc.		159,090
	6,600	Aiphone Co. Ltd.		104,212
	33,900	Air Water, Inc.		517,098
	4,700	Airport Facilities Co. Ltd.		23,276
	27,800	Aisan Industry Co. Ltd.		188,440
	300	Akatsuki, Inc.		13,665
	29,200	Akebono Brake Industry Co. Ltd.(a)		33,946
	7,300	Akita Bank Ltd. (The)		144,162
	1,000	Albis Co. Ltd.		20,421
	7,500	Alconix Corp.		89,309
	4,200	Alinco, Inc.		36,722
	3,400	Alleanza Holdings Co. Ltd.		26,166
	1,700	Alpen Co. Ltd.		26,433
	2,800	Alpha Corp.		31,813
	2,600	AlphaPolis Co. Ltd.(a)		46,407
	6,600	Alps Logistics Co. Ltd.		49,525
	24,900	Altech Corp.		434,303
	16,500	Amada Holdings Co. Ltd.		184,967
	4,800	Amano Corp.		125,437
	1,300	Amiyaki Tei Co. Ltd.		40,510
	1,000	Amuse, Inc.		23,765
	7,400	Anest Iwata Corp.		64,636
	1,200	Anicom Holdings, Inc.		37,243
	5,900	Anritsu Corp.		102,617
	38,500	AOI TYO Holdings, Inc.		264,226
	9,900	AOKI Holdings, Inc.		103,466
	2,000	Aomori Bank Ltd. (The)		52,316
	10,100	Aoyama Trading Co. Ltd.		221,846

Shares			Value
JAPAN (continued)
	600	Aoyama Zaisan Networks Co. Ltd.	$	8,580
	16,400	Aozora Bank Ltd.		400,710
	1,400	Apaman Co. Ltd.		9,477
	5,000	Arakawa Chemical Industries Ltd.		67,455
	8,100	Arata Corp.		289,374
	7,100	Arcland Sakamoto Co. Ltd.		92,287
	12,600	Arcland Service Holdings Co., Ltd.		224,512
	43,338	Arcs Co. Ltd.		878,575
	1,200	Arealink Co. Ltd.		12,252
	1,100	Ariake Japan Co. Ltd.		64,278
	2,100	Artnature, Inc.		11,836
	2,090	As One Corp.		167,274
	43,500	Asahi Co. Ltd.		528,701
	62,500	Asahi Diamond Industrial Co. Ltd.		442,473
	4,350	Asahi Holdings, Inc.		84,676
	2,000	Asahi Kogyosha Co. Ltd.		54,429
	27,600	Asahi Yukizai Corp.		447,086
	2,900	Asante, Inc.		56,653
	1,600	Asanuma Corp.		35,464
	33,200	Asax Co. Ltd.		158,750
	1,500	Ashimori Industry Co. Ltd.		21,824
	64,600	Asia Pile Holdings Corp.		351,453
	8,000	Asics Corp.		98,558
	10,000	ASKA Pharmaceutical Co. Ltd.		104,534
	900	ASKUL Corp.		24,191
	1,400	Asti Corp.		25,176
	1,500	Asunaro Aoki Construction Co. Ltd.		11,666
	8,000	Ateam, Inc.		119,782
	7,600	Atom Corp.		65,772
	4,100	Autobacs Seven Co. Ltd.		71,504
	11,500	Avant Corp.		169,529
	88,600	Avex, Inc.		1,122,782
	12,900	Awa Bank Ltd. (The)		324,758
	2,400	Axial Retailing, Inc.		71,495
	5,800	Azbil Corp.		139,605
	15,200	Bando Chemical Industries Ltd.		148,178
	8,800	Bank of Iwate Ltd. (The)		253,435
	8,200	Bank of Kyoto Ltd. (The)		355,343
	1,400	Bank of Nagoya Ltd. (The)		45,400
	15,600	Bank of Okinawa Ltd. (The)		485,375
	9,000	Bank of Saga Ltd. (The)		142,542
	125,300	Bank of the Ryukyus Ltd.		1,356,517
	3,700	Baycurrent Consulting, Inc.		134,078
	1,200	Belc Co. Ltd.		53,791
	3,300	Bell System24 Holdings, Inc.		48,144
	7,400	Belluna Co. Ltd.		55,838
	4,400	Benefit One, Inc.		92,017
	3,500	Benesse Holdings, Inc.		96,768
	400	Bengo4.Com, Inc.(a)		15,626
	8,900	Bic Camera, Inc.		95,464

Shares			Value
JAPAN (continued)
	500	Biofermin Pharmaceutical Co. Ltd.	$	10,253
	45,100	BML, Inc.		1,274,299
	10,300	Bookoff Group Holdings Ltd.		79,201
	700	Bp Castrol Kk		9,169
	1,600	Br Holdings Corp.		4,591
	7,700	Broadband Tower, Inc.		19,862
	38,900	Broadleaf Co. Ltd.		200,442
	900	BRONCO BILLY Co. Ltd.		18,718
	71,900	Bunka Shutter Co. Ltd.		530,435
	1,200	C Uyemura & Co. Ltd.		74,142
	900	Can Do Co. Ltd.		13,811
	3,800	Canon Electronics, Inc.		62,623
	39,500	Canon Marketing Japan, Inc.		857,068
	103,800	Capcom Co. Ltd.		2,342,111
	9,100	Carlit Holdings Co. Ltd.		69,776
	26,600	Carta Holdings Inc.		285,820
	14,700	Casio Computer Co. Ltd.		185,164
	2,200	Cawachi Ltd.		38,953
	34,800	Central Glass Co. Ltd.		813,278
	500	Central Security Patrols Co. Ltd.		23,718
	1,300	Central Sports Co. Ltd.		36,755
	162,000	Chiba Kogyo Bank Ltd. (The)		417,639
	2,900	Chilled & Frozen Logistics Holdings Co. Ltd.		32,507
	3,800	Chino Corp.		44,680
	2,300	Chiyoda Co. Ltd.		36,447
	600	Chiyoda Integre Co. Ltd.		11,215
	2,500	Chori Co. Ltd.		37,323
	3,200	Choushimaru Co. Ltd.		35,178
	5,900	Chubu Shiryo Co. Ltd.		65,332
	2,700	Chuetsu Pulp & Paper Co. Ltd.		34,100
	74,600	Chugai Mining Co. Ltd.(a)		12,751
	1,500	Chugai Ro Co. Ltd.		25,083
	65,500	Chugoku Bank Ltd. (The)		634,266
	5,800	Chugoku Marine Paints Ltd.		54,923
	19,700	Chukyo Bank Ltd. (The)		388,640
	23,500	CI Takiron Corp.		142,079
	78,500	Citizen Watch Co. Ltd.		442,601
	6,200	CKD Corp.		72,112
	900	Ck-San-Etsu Co. Ltd.		23,429
	4,800	Cleanup Corp.		26,857
	14,600	CMIC Holdings Co. Ltd.		215,240
	10,800	CMK Corp.		74,971
	1,490	Cocokara Fine, Inc.		59,325
	9,200	COLOPL Inc.		56,004
	5,400	Colowide Co. Ltd.		108,482
	100,000	Computer Engineering & Consulting Ltd.		1,980,171
	5,800	COMSYS Holdings Corp.		152,594
	3,300	Comture Corp.		113,767
	2,400	CONEXIO Corp.		29,801
	6,500	COOKPAD, Inc.(a)		15,844
	2,800	Cosel Co. Ltd.		30,087
	16,200	Cosmo Energy Holdings Co. Ltd.		334,540

Shares			Value
JAPAN (continued)
	5,000	Cosmos Initia Co. Ltd.	$	25,253
	700	Cosmos Pharmaceutical Corp.		111,903
	2,970	Cota Co. Ltd.		33,492
	1,400	Create Medic Co. Ltd.		12,202
	4,100	Create Restaurants Holdings, Inc.		49,206
	2,500	Create SD Holdings Co. Ltd.		57,823
	17,900	Credit Saison Co. Ltd.		229,023
	4,900	Creek & River Co. Ltd.		54,136
	400	Cresco Ltd.		12,183
	6,700	CTI Engineering Co. Ltd.		92,083
	2,700	Cts Co. Ltd.		16,509
	15,100	Cube System, Inc.		107,237
	95,700	Cybozu, Inc.		909,472
	296	DA Office Investment Corp. REIT		1,997,734
	7,300	Dai Nippon Toryo Co. Ltd.		68,984
	2,900	Daibiru Corp.		25,717
	16,300	Daicel Corp.		182,864
	2,100	Dai-Dan Co. Ltd.		46,679
	5,367	Daido Kogyo Co. Ltd.		41,913
	13,800	Daido Metal Co. Ltd.		87,001
	6,400	Daido Steel Co. Ltd.		261,124
	5,500	Daihatsu Diesel Manufacturing Co. Ltd.		32,052
	2,600	Daihen Corp.		72,778
	33,600	Daiho Corp.		901,220
	2,600	Dai-Ichi Cutter Kogyo KK		42,498
	10,800	Daiichi Jitsugyo Co. Ltd.		333,402
	5,700	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		43,964
	2,200	Dai-ichi Seiko Co. Ltd.		22,573
	10,200	Daiichikosho Co. Ltd.		499,749
	2,300	Daiken Corp.		43,478
	13,200	Daiken Medical Co. Ltd.		67,716
	9,800	Daiki Aluminium Industry Co. Ltd.		57,197
	5,100	Daikoku Denki Co. Ltd.		69,594
	1,100	Daikokutenbussan Co. Ltd.		37,757
	8,700	Daikyonishikawa Corp.		87,747
	4,100	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		119,426
	15,100	Daio Paper Corp.		174,820
	1,600	Daiohs Corp.		20,102
	1,810	Daiseki Co. Ltd.		49,724
	4,100	Daiseki Eco. Solution Co. Ltd.		22,365
	850	Daishi Hokuetsu Financial Group, Inc.		25,017
	1,200	Daisue Construction Co. Ltd.		10,015
	5,300	Daito Bank Ltd. (The)		29,964
	25,000	Daito Electron Co. Ltd.		373,738
	18,660	Daito Pharmaceutical Co. Ltd.		602,714
	31,300	Daiwabo Holdings Co. Ltd.		1,601,802
	450,470	DCM Holdings Co. Ltd.		4,465,142
	700	Dd Holdings Co. Ltd.		11,773

Shares			Value
JAPAN (continued)
	7,100	Denka Co. Ltd.	$	214,387
	2,400	Denyo Co. Ltd.		30,507
	102,628	Descente Ltd.		2,174,028
	12,400	Dexerials Corp.		78,453
	16,900	DIC Corp.		496,413
	1,000	Digital Arts, Inc.		86,346
	139,400	Digital Garage, Inc.		4,072,724
	53,800	Dip Corp.		822,335
	2,000	DKS Co. Ltd.		65,332
	16,900	DMG Mori Co. Ltd.		243,701
	1,700	Dms, Inc.		29,338
	7,600	Doshisha Co. Ltd.		121,575
	3,374	Doutor Nichires Holdings Co. Ltd.		64,356
	5,700	Dowa Holdings Co. Ltd.		185,862
	400	DSB Co. Ltd.		1,608
	1,700	DTS Corp.		60,210
	85,300	Duskin Co. Ltd.		2,105,134
	1,900	DyDo Group Holdings, Inc.		84,955
	400	Dynic Corp.		2,640
	9,300	Eagle Industry Co. Ltd.		106,573
	21,400	Ebara Corp.		658,625
	17,800	Ebara Jitsugyo Co. Ltd.		334,911
	4,200	Ebase Co. Ltd.		40,754
	5,700	eBook Initiative Japan Co. Ltd.(a)		86,507
	19,400	Eco’s Co Ltd/Japan		256,950
	134,000	EDION Corp.		1,136,331
	1,400	EF-ON, Inc.		10,526
	2,800	eGuarantee, Inc.		29,951
	800	E-Guardian, Inc.		15,265
	12,600	Ehime Bank Ltd. (The)		119,868
	4,800	Eidai Co. Ltd.		17,744
	3,800	Eiken Chemical Co. Ltd.		68,346
	1,300	Eizo Corp.		49,963
	1,200	Elan Corp.		18,303
	39,300	Elecom Co. Ltd.		1,318,671
	4,300	Elematec Corp.		79,122
	1,100	Em Systems Co. Ltd.		14,849
	4,200	Endo Lighting Corp.		30,801
	700	Enigmo, Inc.(a)		18,701
	2,400	en-japan, Inc.		78,156
	1,500	Enomoto Co. Ltd.		12,393
	400	Enplas Corp.		11,335
	2,700	Enshu Ltd.(a)		28,943
	2,400	EPS Holdings Inc.		43,028
	4,800	Es-Con Japan Ltd.		34,203
	1,800	Escrit, Inc.		10,332
	2,600	ESPEC Corp.		51,367
	1,400	Excel Co. Ltd.		24,817
	9,000	Exedy Corp.		206,237
	2,500	Ezaki Glico Co. Ltd.		131,937
	190,900	F@N Communications, Inc.		1,171,981
	1,600	FALCO HOLDINGS Co. Ltd.		20,510
	3,700	Fancl Corp.		109,781
	8,400	FCC Co. Ltd.		173,929

Shares			Value
JAPAN (continued)
	81,580	Feed One Co. Ltd.	$	125,490
	12,800	Ferrotec Holdings Corp.		143,183
	26,400	FIDEA Holdings Co. Ltd.		31,101
	6,600	Financial Products Group Co. Ltd.		56,800
	28,300	First Bank of Toyama Ltd. (The)		96,753
	2,400	First Juken Co. Ltd.		26,234
	800	Fixstars Corp.		10,571
	34,300	FJ Next Co. Ltd.		274,950
	24,200	Foster Electric Co. Ltd.		377,338
	1,300	FP Corp.		79,207
	6,400	France Bed Holdings Co. Ltd.		52,718
	700	Freund Corp.		5,058
	3,200	Fronteo, Inc.		14,508
	5,600	F-Tech, Inc.		44,497
	1,200	Ftgroup Co. Ltd.		14,641
	74,280	Fudo Tetra Corp.		1,021,895
	2,400	Fuji Co. Ltd.		40,020
	6,500	Fuji Corp. Ltd.		49,114
	2,100	Fuji Corp./Miyagi		42,387
	1,800	Fuji Die Co. Ltd.		10,307
	2,500	Fuji Kyuko Co. Ltd.		94,752
	14,300	Fuji Machine Manufacturing Co. Ltd.		216,161
	257,900	Fuji Oil Co. Ltd.		645,449
	4,100	Fuji Oil Holdings, Inc.		131,698
	1,300	Fuji Pharma Co. Ltd.		19,732
	2,100	Fuji Seal International, Inc.		73,440
	32,600	Fuji Soft, Inc.		1,289,469
	2,100	Fujibo Holdings, Inc.		52,241
	1,400	Fujicco Co. Ltd.		27,687
	1,800	Fujikura Composites Inc.		7,728
	7,900	Fujikura Kasei Co. Ltd.		43,244
	75,800	Fujikura Ltd.		312,762
	22,800	Fujimi, Inc.		530,824
	3,800	Fujimori Kogyo Co. Ltd.		111,157
	1,000	Fujio Food System Co. Ltd.		26,160
	39,000	Fujisash Co. Ltd.		30,236
	800	Fujita Kanko, Inc.		19,783
	2,900	Fujitec Co. Ltd.		35,618
	4,300	Fujitsu Frontech Ltd.		41,043
	6,300	Fujitsu General Ltd.		91,996
	1,200	Fujiya Co. Ltd.		22,288
	7,000	FuKoKu Co. Ltd.		51,933
	1,600	Fukuda Corp.		63,230
	2,800	Fukui Bank Ltd. (The)		40,882
	87,500	Fukui Computer Holdings, Inc.		1,759,578
	18,692	Fukuoka Financial Group, Inc.		436,314
	4,400	Fukushima Bank Ltd. (The)(a)		12,688
	1,800	Fukushima Industries Corp.		62,410
	2,800	Fukuyama Transporting Co. Ltd.		107,876
	12,600	Full Speed, Inc.(a)		61,289
	27,800	FULLCAST Holdings Co. Ltd.		613,086
	2,000	Funai Soken Holdings, Inc.		51,887

Shares			Value
JAPAN (continued)
	4,700	Furukawa Battery Co. Ltd. (The)	$	28,178
	4,200	Furukawa Co. Ltd.		52,382
	19,400	Furukawa Electric Co. Ltd.		512,062
	117,900	Furuno Electric Co. Ltd.		993,470
	5,100	Furusato Industries Ltd.		74,764
	9,700	Furyu Corp.		87,869
	2,100	Fuso Chemical Co. Ltd.		37,584
	1,100	Fuso Pharmaceutical Industries Ltd.		24,400
	22,800	Futaba Industrial Co. Ltd.		143,821
	54,400	Future Corp.		909,359
	5,900	Fuyo General Lease Co. Ltd.		294,687
	900	G-7 Holdings, Inc.		20,355
	9,100	Gakken Holdings Co. Ltd.		426,203
	900	Gakkyusha Co. Ltd.		10,367
	1,700	Gakujo Co. Ltd.		17,462
	3,000	GCA Corp.		22,126
	6,700	Gecoss Corp.		60,201
	30,500	Genki Sushi Co. Ltd.		1,187,054
	800	Genky DrugStores Co. Ltd.		18,785
	18,900	Geo Holdings Corp.		257,526
	6,600	Geostr Corp.		23,040
	800	Giken Ltd.		25,083
	900	Gl Sciences, Inc.		13,938
	10,900	GLOBERIDE, Inc.		314,744
	5,800	Glory Ltd.		146,443
	2,200	GMO Cloud KK		82,830
	6,200	GMO Internet, Inc.		96,233
	2,200	Godo Steel Ltd.		34,337
	2,280	Goldcrest Co. Ltd.		30,047
	300	Goldwin, Inc.		47,973
	3,200	Grandy House Corp.		12,898
	372,700	Gree, Inc.		1,454,556
	13,200	GS Yuasa Corp.		265,212
	6,700	G-Tekt Corp.		95,583
	101,700	GungHo Online Entertainment, Inc.		317,293
	139,700	Gunma Bank Ltd. (The)		554,002
	1,000	Gunosy, Inc.(a)		14,996
	27,700	Gunze Ltd.		1,179,773
	226,400	Gurunavi, Inc.		1,262,334
	1,700	H.I.S. Co. Ltd.		54,299
	21,135	H2O Retailing Corp.		269,264
	6,545	HABA Laboratories, Inc.		438,897
	162,000	Hachijuni Bank Ltd. (The)		652,073
	3,200	Hagihara Industries, Inc.		41,829
	900	Hagiwara Electric Co. Ltd.		25,001
	1,700	Hakudo Co. Ltd.		23,657
	2,700	Hakuto Co. Ltd.		29,295
	500	Halows Co. Ltd.		9,901
	6,500	Hamakyorex Co. Ltd.		240,542
	8,600	Hanwa Co. Ltd.		247,881
	31,700	Happinet Corp.		376,904
	1,300	Harada Industry Co. Ltd.		9,655
	4,500	Harima Chemicals Group, Inc.		44,434

Shares			Value
JAPAN (continued)
	1,600	Harmonic Drive Systems, Inc.	$	63,702
	1,400	Haruyama Trading Co. Ltd.		10,542
	285,600	Haseko Corp.		3,454,038
	205,760	Hazama Ando Corp.		1,383,637
	800	Hearts United Group Co. Ltd.		8,995
	6,200	Heiwa Corp.		123,542
	5,500	Heiwa Real Estate Co. Ltd.		106,097
	44,900	Heiwado Co. Ltd.		827,302
	5,800	Helios Techno Holding Co. Ltd.		34,288
	51,778	Hiday Hidaka Corp.		943,537
	4,700	HI-LEX Corp.		87,086
	700	Hinokiya Group Co. Ltd.		14,345
	12,600	Hioki EE Corp.		454,791
	600	Hirata Corp.		41,370
	300	Hirose Electric Co. Ltd.		34,770
	165,700	Hiroshima Bank Ltd. (The)		893,808
	5,400	Hiroshima Gas Co. Ltd.		17,252
	14,900	Hitachi Capital Corp.		346,959
	22,600	Hitachi Chemical Co. Ltd.		602,784
	4,000	Hitachi Transport System Ltd.		110,924
	22,000	Hitachi Zosen Corp.		68,188
	18,600	Hochiki Corp.		212,190
	1,600	Hodogaya Chemical Co. Ltd.		43,967
	2,900	Hogy Medical Co. Ltd.		94,942
	20,600	Hokkaido Electric Power Co., Inc.		115,537
	600	Hokkaido Gas Co. Ltd.		7,695
	7,200	Hokkan Holdings Ltd.		119,229
	10,000	Hokko Chemical Industry Co. Ltd.		47,122
	2,900	Hokkoku Bank Ltd. (The)		89,490
	45,900	Hokuetsu Industries Co. Ltd.		498,667
	36,000	Hokuetsu Kishu Paper Co. Ltd.		196,380
	164,500	Hokuhoku Financial Group, Inc.		1,814,345
	3,000	Hokuriku Electric Industry Co. Ltd.		28,873
	6,200	Hokuriku Electric Power Co.(a)		46,103
	3,400	Hokuriku Electrical Construction Co. Ltd.		27,910
	2,300	Hokuto Corp.		39,586
	7,200	H-One Co. Ltd.		62,045
	47,320	Honeys Holdings Co. Ltd.		436,881
	400	Honshu Chemical Industry Co. Ltd.		4,337
	5,700	Hoosiers Holdings		33,847
	2,900	Horiba Ltd.		175,645
	13,500	Hosiden Corp.		129,149
	14,600	Hosokawa Micron Corp.		689,259
	1,800	House Foods Group, Inc.		72,627
	69,200	Hyakugo Bank Ltd. (The)		223,849
	18,000	Hyakujushi Bank Ltd. (The)		375,083
	27,200	Ibiden Co. Ltd.		488,004
	9,000	IBJ Leasing Co. Ltd.		211,699
	2,600	IBJ, Inc.		21,094
	400	Ichibanya Co. Ltd.		16,392

Shares			Value
JAPAN (continued)
	22,400	Ichigo, Inc.	$	72,352
	1,200	Ichiken Co., Ltd.		21,054
	60,300	Ichikoh Industries Ltd.		377,760
	7,600	ICHINEN Holdings Co. Ltd.		82,996
	9,800	Ichiyoshi Securities Co. Ltd.		71,427
	11,000	ID Holdings Corp.		133,388
	2,800	Idec Corp.		57,156
	13,300	IDOM, Inc.		32,388
	900	Ihara Science Corp.		10,281
	18,300	Iino Kaiun Kaisha Ltd.		63,895
	6,180	IJTT Co. Ltd.		33,238
	900	Ikegami Tsushinki Co. Ltd.		9,479
	12,000	Imagica Robot Holdings, Inc.		61,779
	19,600	Imasen Electric Industrial		184,287
	400	Imuraya Group Co. Ltd.		8,808
	2,900	Inaba Denki Sangyo Co. Ltd.		118,141
	5,900	Inabata & Co. Ltd.		81,093
	5,600	Inageya Co. Ltd.		67,095
	74,900	Ines Corp.		935,531
	6,780	I-Net Corp.		81,120
	79,800	Infocom Corp.		1,534,631
	786,800	Infomart Corp.(c)		11,447,394
	10,000	Information Services International-Dentsu Ltd.		343,515
	2,400	Innotech Corp.		21,540
	500	Insource Co. Ltd.		10,525
	7,800	Intage Holdings, Inc.		65,711
	1,500	Inter Action Corp.		25,912
	45,600	Internet Initiative Japan, Inc.		925,506
	1,600	Inui Global Logistics Co. Ltd.		12,593
	2,900	I-O Data Device, Inc.		30,929
	1,600	Iriso Electronics Co. Ltd.		83,271
	17,900	ISB Corp.		301,774
	4,000	Iseki & Co. Ltd.		62,599
	14,200	Isetan Mitsukoshi Holdings Ltd.		135,363
	28,500	Ishihara Sangyo Kaisha Ltd.(a)		320,314
	1,700	Istyle, Inc.		12,128
	2,400	Itfor, Inc.		20,155
	64,800	Itochu Enex Co. Ltd.		530,583
	700	Itochu-Shokuhin Co. Ltd.		29,481
	14,500	Itoham Yonekyu Holdings, Inc.		90,692
	18,100	Itoki Corp.		89,285
	3,900	IwaiCosmo Holdings, Inc.		41,953
	20,300	Iwaki & Co. Ltd.		83,748
	1,800	Iwasaki Electric Co. Ltd.		22,079
	33,900	Iwatani Corp.		1,062,483
	60,800	Iyo Bank Ltd. (The)		338,186
	2,600	Izumi Co. Ltd.		113,557
	10,300	J Trust Co. Ltd.		33,979
	46,800	J. Front Retailing Co. Ltd.		571,844
	1,500	JAC Recruitment Co. Ltd.		36,787
	6,100	Jaccs Co. Ltd.		105,986
	1,900	Jalux, Inc.		43,167
	1,300	Jamco Corp.		26,183
	1,900	Janome Sewing Machine Co. Ltd.		7,943

Shares			Value
JAPAN (continued)
	2,900	Japan Airport Terminal Co. Ltd.	$	122,637
	75,700	Japan Aviation Electronics Industry Ltd.		1,224,789
	7,100	Japan Best Rescue System Co. Ltd.		104,489
	74,600	Japan Cash Machine Co. Ltd.		794,468
	142,600	Japan Display, Inc.(a)		100,676
	1,400	Japan Electronic Materials Corp.		8,679
	1,497	Japan Excellent, Inc. REIT		2,142,171
	1,000	Japan Investment Adviser Co. Ltd.		24,622
	4,800	Japan Lifeline Co. Ltd.		76,130
	4,500	Japan Material Co. Ltd.		67,189
	30,000	Japan Medical Dynamic Marketing, Inc.		333,519
	600	Japan Oil Transportation Co. Ltd.		15,459
	900	Japan Property Management Center Co., Ltd.		7,319
	12,700	Japan Pulp & Paper Co. Ltd.		486,282
	2,010	Japan Rental Housing Investments, Inc. REIT		1,551,839
	13,700	Japan Securities Finance Co. Ltd.		71,188
	13,800	Japan Steel Works Ltd. (The)		266,716
	24,200	Japan System Techniques Co. Ltd.		309,230
	11,300	Japan Transcity Corp.		45,131
	10,100	Japan Wool Textile Co. Ltd. (The)		81,420
	20,500	JBCC Holdings, Inc.		279,289
	500	JCR Pharmaceuticals Co. Ltd.		28,209
	2,500	JCU Corp.		42,599
	58,900	Jeol Ltd.		1,193,400
	6,900	JGC Corp.		99,418
	23,700	Jimoto Holdings, Inc.		21,807
	1,100	JINS, Inc.		58,955
	3,600	JK Holdings Co. Ltd.		18,861
	9,500	JMS Co. Ltd.		57,121
	1,900	Joban Kosan Co. Ltd.		28,277
	1,700	J-Oil Mills, Inc.		60,871
	4,500	Joshin Denki Co. Ltd.		96,773
	4,300	JP-Holdings, Inc.		11,134
	6,100	JS Group Corp.		79,693
	1,400	JSP Corp.		29,365
	20,300	JSR Corp.		309,748
	72,400	Juki Corp.		835,269
	50,300	Juroku Bank Ltd. (The)		1,027,532
	2,000	Justsystems Corp.		57,396
	114,300	JVC Kenwood Corp.		303,849
	12,300	kabu.com Securities Co. Ltd.		61,791
	120,700	Kadokawa Dwango Corp.		1,522,393
	4,100	Kaga Electronics Co. Ltd.		75,708
	3,200	Kagome Co. Ltd.		87,412
	108,500	Kakaku.com, Inc.		2,235,373
	92,095	Kaken Pharmaceutical Co. Ltd.		3,945,007

Shares			Value
JAPAN (continued)
	600	Kakiyasu Honten Co. Ltd.	$	11,342
	600	Kameda Seika Co. Ltd.		28,178
	9,500	Kamei Corp.		95,119
	5,600	Kamigumi Co. Ltd.		133,776
	2,300	Kanaden Corp.		26,114
	1,000	Kanagawa Chuo Kotsu Co. Ltd.		34,415
	44,700	Kanamoto Co. Ltd.		1,061,100
	9,700	Kandenko Co. Ltd.		81,774
	14,300	Kaneka Corp.		552,189
	1,300	Kaneko Seeds Co. Ltd.		15,708
	27,900	Kanematsu Corp.		309,672
	1,000	Kanematsu Electronics Ltd.		29,668
	20,951	Kansai Mirai Financial Group, Inc.(a)		146,385
	6,500	Kanto Denka Kogyo Co. Ltd.		48,606
	1,400	Kappa Create Co. Ltd.		18,303
	9,500	Kasai Kogyo Co. Ltd.		78,833
	8,800	Kato Sangyo Co. Ltd.		287,276
	1,000	Kato Works Co. Ltd.		25,222
	2,800	KAWADA Technologies, Inc.		174,828
	500	Kawagishi Bridge Works Co. Ltd.		11,295
	12,900	Kawai Musical Instruments Manufacturing Co. Ltd.		341,477
	9,300	Kawasaki Kisen Kaisha Ltd.(a)		135,194
	900	Kawata Manufacturing Co. Ltd.		11,990
	21,900	Keihanshin Building Co. Ltd.		200,851
	137,200	Keihin Corp.		2,261,181
	103,900	Keiyo Bank Ltd. (The)		642,483
	28,600	Keiyo Co. Ltd.		124,039
	1,600	Kel Corp.		11,825
	11,500	Kenedix, Inc.		54,762
	1,500	Kenko Mayonnaise Co. Ltd.		30,692
	6,600	Kewpie Corp.		152,880
	1,825	KEY Coffee, Inc.		34,385
	2,000	KFC Holdings Japan Ltd.		35,765
	400	KH Neochem Co. Ltd.		11,684
	3,100	Kimura Chemical Plants Co. Ltd.		10,352
	3,600	Kimura Unity Co. Ltd.		36,312
	4,900	King Co. Ltd.		30,280
	1,300	Kinki Sharyo Co. Ltd. (The)(a)		23,840
	700	Kintetsu Department Store Co. Ltd.(a)		20,557
	29,900	Kintetsu World Express, Inc.		452,312
	900	Kirindo Holdings Co. Ltd.		13,957
	500	Ki-Star Real Estate Co. Ltd.		7,419
	3,500	Kitagawa Iron Works Co. Ltd.		73,035
	3,300	Kita-Nippon Bank Ltd. (The)		56,546
	3,000	Kitano Construction Corp.		81,464
	30,900	Kito Corp.		491,024
	16,200	Kitz Corp.		123,814
	27,200	Kiyo Bank Ltd. (The)		370,883
	2,700	KLab, Inc.(a)		20,104
	2,900	Koa Corp.		40,051
	15,400	Koatsu Gas Kogyo Co. Ltd.		115,123

Shares			Value
JAPAN (continued)
	2,000	Kobe Bussan Co. Ltd.	$	79,575
	300	Kobe Electric Railway Co. Ltd.(a)		10,771
	90,200	Kobe Steel Ltd.		690,749
	2,200	Koei Tecmo Holdings Co. Ltd.		40,137
	19,700	Kohnan Shoji Co. Ltd.		435,779
	1,300	Kohsoku Corp.		13,775
	300	Koike Sanso Kogyo Co. Ltd.		6,325
	208,200	Kojima Co. Ltd.(a)		1,021,974
	38,300	Kokuyo Co. Ltd.		485,706
	2,200	Komatsu Seiren Co. Ltd.		17,161
	1,600	Komatsu Wall Industry Co. Ltd.		26,843
	2,100	KOMEDA Holdings Co. Ltd.		38,505
	14,700	Komehyo Co. Ltd.		156,098
	45,200	Komeri Co. Ltd.		955,366
	5,100	Konaka Co. Ltd.		21,054
	5,500	Kondotec, Inc.		48,323
	185,600	Konica Minolta, Inc.		1,863,728
	23,300	Konishi Co.Ltd.		358,920
	17,600	Konoike Transport Co. Ltd.		284,550
	1,300	Konoshima Chemical Co. Ltd.		10,036
	1,400	Kosaido Co. Ltd.(a)		9,634
	2,000	Koshidaka Holdings Co. Ltd.		28,046
	1,600	Kotobuki Spirits Co. Ltd.		71,872
	8,600	Kourakuen Holdings Corp.(a)		247,813
	3,300	Krosaki Harima Corp.		174,399
	3,100	KRS Corp.		56,699
	17,712	K’s Holdings Corp.		157,992
	2,000	KU Holdings Co. Ltd.		15,747
	22,000	Kumagai Gumi Co. Ltd.		645,518
	68,567	Kumiai Chemical Industry Co. Ltd.		503,476
	34,562	Kura Corp.		1,495,599
	17,500	Kurabo Industries Ltd.		329,188
	2,000	Kureha Corp.		119,726
	2,100	Kurimoto Ltd.		27,466
	5,200	Kurita Water Industries Ltd.		135,362
	1,800	Kuriyama Holdings Corp.		15,059
	1,300	Kusuri No Aoki Holdings Co. Ltd.		91,803
	2,800	KYB Corp.(a)		75,969
	2,200	Kyodo Printing Co. Ltd.		49,481
	2,000	Kyoei Steel Ltd.		33,232
	900	Kyokuto Boeki Kaisha Ltd.		13,074
	63,600	Kyokuto Kaihatsu Kogyo Co. Ltd.		896,264
	1,400	Kyokuto Securities Co. Ltd.		12,437
	1,200	Kyokuyo Co. Ltd.		29,853
	31,100	KYORIN Holdings, Inc.		584,438
	1,740	Kyoritsu Maintenance Co. Ltd.		89,412
	14,800	Kyoritsu Printing Co. Ltd.		27,574
	71,700	Kyosan Electric Manufacturing Co. Ltd.		280,900
	7,200	Kyowa Electronic Instruments Co. Ltd.		27,135
	5,032	Kyowa Exeo Corp.		137,637

Shares			Value
JAPAN (continued)
	2,700	Kyowa Leather Cloth Co. Ltd.	$	19,054
	3,200	Kyudenko Corp.		91,324
	179,640	Kyushu Financial Group, Inc.		724,986
	700	LAC Co. Ltd.		9,915
	3,300	Lasertec Corp.		149,949
	56,900	Lawson, Inc.		2,656,667
	2,400	LEC, Inc.		31,400
	8,700	Legs Co. Ltd.		96,920
	83,200	Leopalace21 Corp.(a)		140,937
	9,100	Life Corp.		177,027
	40,400	Lifull Co. Ltd.		219,133
	700	Like Co. Ltd.		7,839
	500	Linical Co. Ltd.		5,693
	3,800	Link and Motivation, Inc.		29,112
	58,900	Lintec Corp.		1,272,053
	40,700	LIXIL VIVA Corp.		479,300
	400	M&A Capital Partners Co. Ltd.(a)		17,122
	225,300	M3, Inc.		4,021,985
	2,800	Mabuchi Motor Co. Ltd.		103,846
	12,650	Macnica Fuji Electronics Holdings, Inc.		183,137
	1,600	Macromill, Inc.		18,350
	31,200	Maeda Corp.		310,716
	16,700	Maeda Kosen Co. Ltd.		319,361
	7,600	Maeda Road Construction Co. Ltd.		150,816
	14,400	Makino Milling Machine Co. Ltd.		610,967
	26,100	Mamezou Holdings Co. Ltd.		258,900
	33,100	Mandom Corp.		856,990
	10,700	Mani, Inc.		618,285
	2,200	Mars Engineering Corp.		43,163
	22,800	Marubun Corp.		132,833
	3,600	Marudai Food Co. Ltd.		62,987
	400	Marufuji Sheet Piling Co. Ltd.		8,385
	4,600	Maruha Nichiro Corp.		146,194
	7,500	Maruka Corp.		143,944
	4,200	Marusan Securities Co. Ltd.		23,818
	1,000	Maruwa Co. Ltd.		54,449
	2,000	Maruyama Manufacturing Co., Inc.		25,537
	4,800	Maruzen Showa Unyu Co. Ltd.		127,270
	51,600	Marvelous, Inc.		397,968
	2,900	Matsuda Sangyo Co. Ltd.		36,678
	6,900	Matsui Securities Co. Ltd.		61,550
	4,500	Matsumotokiyoshi Holdings Co. Ltd.		148,998
	2,400	Matsuya Co. Ltd.		21,451
	700	Matsuya Foods Co. Ltd.		23,086
	39,300	Max Co. Ltd.		602,041
	5,300	Maxell Holdings Ltd.		80,653
	2,400	Maxvalu Nishinihon Co. Ltd.		37,532
	2,900	Maxvalu Tokai Co. Ltd.		56,218
	71,400	MCJ Co. Ltd.		514,094
	171,590	Mebuki Financial Group, Inc.		437,484

Shares			Value
JAPAN (continued)
	2,900	MEC Co. Ltd.	$	31,114
	500	Media Do Holdings Co. Ltd.		13,378
	800	Medical Data Vision Co. Ltd.(a)		7,280
	21,700	Medical System Network Co. Ltd.		96,994
	95,700	Medipal Holdings Corp.		2,151,942
	1,700	Megachips Corp.		22,804
	4,900	Megmilk Snow Brand Co. Ltd.		108,592
	61,600	Meidensha Corp.		878,037
	1,100	Meiji Electric Industries Co. Ltd.		18,243
	3,300	Meiko Electronics Co. Ltd.		64,745
	2,600	Meiko Network Japan Co. Ltd.		25,886
	9,000	Meisei Industrial Co. Ltd.		60,385
	36,900	Meitec Corp.		1,717,296
	8,300	Meiwa Corp.		33,869
	2,000	Meiwa Estate Co. Ltd.		10,057
	30,800	Menicon Co. Ltd.		888,925
	2,800	Mercuria Investment Co. Ltd.		17,484
	48,300	Metawater Co. Ltd.		1,448,800
	1,400	Michinoku Bank Ltd. (The)		20,434
	13,600	Micronics Japan Co. Ltd.		105,348
	5,500	Mie Kotsu Group Holdings, Inc.		29,208
	11,200	Mikuni Corp.		47,886
	13,174	Milbon Co. Ltd.		674,475
	4,700	MIMAKI ENGINEERING Co. Ltd.		25,962
	7,300	Mimasu Semiconductor Industry Co. Ltd.		108,872
	1,800	Ministop Co. Ltd.		28,373
	1,800	Minori Solutions Co. Ltd.		26,091
	6,200	Miraca Holdings, Inc.		158,914
	7,630	Mirait Holdings Corp.		112,244
	5,200	Miroku Jyoho Service Co. Ltd.		140,189
	14,700	Misawa Homes Co. Ltd.		102,875
	6,400	Mitani Corp.		339,625
	3,700	Mitani Sangyo Co. Ltd.		9,801
	500	Mitani Sekisan Co. Ltd.		13,629
	6,900	Mito Securities Co. Ltd.		13,736
	5,300	Mitsuba Corp.		34,323
	28,100	Mitsubishi Gas Chemical Co., Inc.		421,861
	1,000	Mitsubishi Kakoki Kaisha Ltd.		14,089
	37,600	Mitsubishi Logisnext Co. Ltd.		423,270
	6,000	Mitsubishi Logistics Corp.		160,582
	25,100	Mitsubishi Materials Corp.		652,830
	14,200	Mitsubishi Paper Mills Ltd.		72,079
	3,100	Mitsubishi Pencil Co. Ltd.		63,826
	24,500	Mitsubishi Research Institute, Inc.		680,590
	7,600	Mitsubishi Shokuhin Co. Ltd.		196,715
	2,600	Mitsubishi Steel Manufacturing Co. Ltd.		37,736
	4,000	Mitsuboshi Belting Ltd.		75,992
	6,200	Mitsui Engineering & Shipbuilding Co. Ltd.(a)		61,266

Shares			Value
JAPAN (continued)
	4,000	Mitsui High-Tec, Inc.	$	46,382
	91,700	Mitsui Matsushima Co. Ltd.		1,049,481
	17,300	Mitsui Mining & Smelting Co. Ltd.		449,958
	24,800	Mitsui Osk Lines Ltd.		631,245
	900	Mitsui Sugar Co. Ltd.		21,730
	32,549	Mitsui-Soko Holdings Co. Ltd.(a)		517,409
	4,100	Miura Co. Ltd.		104,961
	55,500	Mixi, Inc.		1,199,249
	7,800	Miyaji Engineering Group, Inc.		132,216
	4,900	Miyazaki Bank Ltd. (The)		118,284
	48,200	Mizuno Corp.		1,108,146
	69,552	Mochida Pharmaceutical Co. Ltd.		3,230,352
	7,600	Modec, Inc.		233,689
	15,800	Monex Group, Inc.		48,129
	300	Monogatari Corp. (The)		24,032
	258,400	Monotaro Co. Ltd.		5,950,321
	900	Moresco Corp.		12,122
	3,200	Morinaga & Co. Ltd.		133,596
	8,600	Morinaga Milk Industry Co. Ltd.		284,748
	3,800	Moriroku Holdings Co. Ltd.		89,074
	1,400	Morita Holdings Corp.		23,771
	2,000	Morito Co. Ltd.		15,095
	500	Morozoff Ltd.		22,887
	2,200	Mory Industries, Inc.		50,427
	8,400	MrMax Holdings Ltd.		34,795
	6,200	MTI Ltd.		36,087
	5,300	Mugen Estate Co. Ltd.		28,170
	11,900	Musashi Seimitsu Industry Co. Ltd.		185,772
	9,900	Musashino Bank Ltd. (The)		192,385
	300	N Field Co. Ltd.		1,955
	6,100	Nabtesco Corp.		187,050
	13,600	NAC Co. Ltd.		122,262
	3,400	Nachi-Fujikoshi Corp.		168,837
	1,300	Nadex Co. Ltd.		9,974
	800	Nafco Co. Ltd.		10,448
	1,800	Nagaileben Co. Ltd.		40,556
	2,200	Nagano Bank Ltd.		33,819
	11,000	Nagano Keiki Co. Ltd.		79,653
	12,700	Nagase & Co. Ltd.		194,076
	1,800	Nagatanien Holdings Co. Ltd.		36,307
	195,214	Nagoya Railroad Co. Ltd.		5,291,274
	12,500	Nakabayashi Co. Ltd.		57,502
	166,129	Nakanishi, Inc.		3,198,895
	4,300	Nakano Corp.		18,392
	3,800	Nakayama Steel Works Ltd.		17,704
	2,000	Nakayamafuku Co. Ltd.		9,091
	3,500	Nankai Electric Railway Co. Ltd.		95,504
	51,800	Nanto Bank Ltd. (The)		971,177
	800	Natori Co. Ltd.		12,055
	4,900	NCS&A Co. Ltd.		24,245
	2,100	NEC Capital Solutions Ltd.		32,680

Shares			Value
JAPAN (continued)
	2,300	NEC Networks & System Integration Corp.	$	55,407
	14,600	NET One Systems Co. Ltd.		379,073
	1,700	Nextage Co. Ltd.		18,292
	1,200	Nexyz Group Corp.		26,545
	5,800	NH Foods Ltd.		233,748
	56,300	NHK Spring Co. Ltd.		507,120
	13,100	Nichias Corp.		253,253
	600	Nichiban Co. Ltd.		12,510
	9,100	Nichicon Corp.		88,809
	2,600	Nichiha Corp.		71,520
	61,600	Nichii Gakkan Co.		755,355
	237,050	Nichi-Iko Pharmaceutical Co. Ltd.		2,841,329
	7,400	Nichirei Corp.		171,456
	2,760	Nichirin Co. Ltd.		43,972
	9,600	Nifco, Inc.		270,999
	1,100	Nihon Chouzai Co. Ltd.		40,017
	2,200	Nihon Denkei Co. Ltd.		28,423
	1,500	Nihon Eslead Corp.		20,990
	7,100	Nihon Falcom Corp.		96,041
	10,000	Nihon House Holdings Co. Ltd.		40,831
	93,200	Nihon Kohden Corp.		2,721,455
	7,900	Nihon M&A Center, Inc.		225,433
	13,000	Nihon Nohyaku Co. Ltd.		55,288
	4,900	Nihon Parkerizing Co. Ltd.		63,964
	6,400	Nihon Plast Co. Ltd.		44,941
	1,600	Nihon Tokushu Toryo Co. Ltd.		17,299
	238,100	Nihon Unisys Ltd.		6,104,003
	9,294	Nihon Yamamura Glass Co. Ltd.		122,841
	25,000	Nikkiso Co. Ltd.		309,920
	6,500	Nikkon Holdings Co. Ltd.		153,387
	400	Nippi, Inc.		10,755
	12,600	Nippo Corp.		256,173
	6,500	Nippon Air Conditioning Services Co. Ltd.		40,947
	6,100	Nippon Carbide Industries Co. Inc.		83,316
	1,200	Nippon Carbon Co. Ltd.		52,955
	21,700	Nippon Chemical Industrial Co. Ltd.		413,731
	3,800	Nippon Chemi-Con Corp.		77,620
	300	Nippon Chemiphar Co. Ltd.		7,822
	52,400	Nippon Coke & Engineering Co. Ltd.		47,102
	1,000	Nippon Commercial Development Co. Ltd.		13,350
	17,600	Nippon Concrete Industries Co. Ltd.		44,746
	11,100	Nippon Denko Co. Ltd.		23,256
	3,200	Nippon Densetsu Kogyo Co. Ltd.		69,034
	8,200	Nippon Electric Glass Co. Ltd.		225,328
	2,800	Nippon Filcon Co. Ltd.		12,919
	2,600	Nippon Fine Chemical Co. Ltd.		30,886
	37,300	Nippon Flour Mills Co. Ltd.		630,355

Shares			Value
JAPAN (continued)
	2,600	Nippon Gas Co. Ltd.	$	68,425
	20,700	Nippon Kanzai Co. Ltd.		375,183
	233,235	Nippon Kayaku Co. Ltd.		2,740,854
	1,600	Nippon Kinzoku Co. Ltd.		17,148
	4,800	Nippon Koei Co. Ltd.		110,034
	185,300	Nippon Light Metal Holdings Co. Ltd.		409,615
	32,100	Nippon Paper Industries Co. Ltd.		636,143
	21,200	Nippon Parking Development Co. Ltd.		33,299
	4,700	Nippon Pillar Packing Co. Ltd.		55,347
	4,500	Nippon Piston Ring Co. Ltd.		65,084
	4,000	Nippon Rietec Co. Ltd.		51,556
	1,700	Nippon Road Co. Ltd. (The)		97,926
	1,400	Nippon Seisen Co. Ltd.		36,511
	900	Nippon Sharyo Ltd.(a)		19,839
	27,300	Nippon Sheet Glass Co. Ltd.		226,032
	3,000	Nippon Shokubai Co. Ltd.		208,701
	5,600	Nippon Signal Co. Ltd.		52,028
	35,200	Nippon Soda Co. Ltd.		972,644
	4,148	Nippon Steel Trading Corp.		173,537
	24,500	Nippon Suisan Kaisha Ltd.		171,903
	3,000	Nippon Systemware Co. Ltd.		59,136
	12,000	Nippon Thompson Co. Ltd.		62,364
	37,700	Nippon Valqua Industries Ltd.		808,878
	23,400	Nippon Yakin Kogyo Co. Ltd.		53,631
	34,700	Nippon Yusen KK		592,950
	15,100	Nipro Corp.		187,572
	6,500	Nishimatsu Construction Co. Ltd.		140,999
	6,400	Nishimatsuya Chain Co. Ltd.		51,020
	146,400	Nishi-Nippon Financial Holdings, Inc.		1,211,429
	98,583	Nishi-Nippon Railroad Co. Ltd.		2,322,031
	2,300	Nishio Rent All Co. Ltd.		63,823
	9,600	Nissan Tokyo Sales Holdings Co. Ltd.		25,249
	1,200	Nissei ASB Machine Co. Ltd.		44,356
	13,300	Nissei Plastic Industrial Co. Ltd.		118,664
	3,400	Nissha Co. Ltd.		39,590
	5,500	Nisshin Fudosan Co. Ltd.		22,439
	3,800	Nisshin Oillio Group Ltd. (The)		108,761
	39,323	Nisshinbo Holdings, Inc.		351,050
	4,200	Nissin Corp.		72,145
	14,400	Nissin Electric Co. Ltd.		136,523
	10,000	Nissin Kogyo Co. Ltd.		133,302
	26,600	Nisso Corp.		305,828
	1,100	Nitta Corp.		36,236
	3,400	Nitta Gelatin, Inc.		20,822
	3,700	Nittan Valve Co. Ltd.		10,667
	400	Nittetsu Mining Co. Ltd.		15,402
	2,400	Nitto Boseki Co. Ltd.		50,045
	800	Nitto Fuji Flour Milling Co. Ltd.		44,562
	32,400	Nitto Kogyo Corp.		636,098
	1,600	Nitto Kohki Co. Ltd.		32,965

Shares			Value
JAPAN (continued)
	7,500	Nitto Seiko Co. Ltd.	$	44,347
	3,200	Noda Corp.		23,121
	1,200	Noevir Holdings Co. Ltd.		63,068
	5,300	NOF Corp.		188,927
	1,600	Nohmi Bosai Ltd.		28,896
	30,500	Nojima Corp.		524,741
	21,100	NOK Corp.		338,946
	10,300	Nomura Co. Ltd.		288,120
	25,600	Nomura Real Estate Holdings, Inc.		544,391
	6,200	Noritake Co. Ltd.		302,393
	2,000	Noritsu Koki Co. Ltd.		38,591
	2,500	Noritz Corp.		38,778
	357,900	North Pacific Bank Ltd.		877,865
	4,000	Nozawa Corp.		27,493
	11,100	NS Solutions Corp.		298,244
	700	NS Tool Co. Ltd.		16,020
	2,700	NS United Kaiun Kaisha Ltd.		59,303
	93,800	NSD Co. Ltd.		2,323,524
	154,200	NTN Corp.		508,988
	20,300	Nuflare Technology, Inc.		1,261,087
	1,000	Obara Group, Inc.		38,246
	31,200	OBIC Business Consultants Ltd.		1,253,899
	1,800	Odelic Co. Ltd.		63,649
	9,400	Oenon Holdings, Inc.		33,725
	29,800	Ogaki Kyoritsu Bank Ltd. (The)		673,606
	1,500	Ohara, Inc.		18,875
	50,822	Ohsho Food Service Corp.		3,309,702
	2,845	Oiles Corp.		47,549
	1,500	Oisix ra daichi, Inc.(a)		22,375
	1,900	Oita Bank Ltd. (The)		57,186
	2,500	Okabe Co. Ltd.		22,878
	800	Okada Aiyon Corp.		9,441
	1,100	Okamoto Industries, Inc.		56,964
	900	Okamoto Machine Tool Works Ltd.		24,134
	32,100	Okamura Corp.		324,009
	13,200	Okasan Securities Group, Inc.		48,351
	275,400	Oki Electric Industry Co. Ltd.		3,228,153
	2,200	Okinawa Cellular Telephone Co.		69,056
	1,621	Okinawa Electric Power Co., Inc. (The)		26,786
	6,000	OKUMA Corp.		353,458
	1,900	Okumura Corp.		61,467
	3,100	Okura Industrial Co. Ltd.		51,378
	29,700	Okuwa Co. Ltd.		300,370
	4,200	Onoken Co. Ltd.		59,839
	222,900	Onward Holdings Co. Ltd.		1,229,710
	300	Open Door, Inc.(a)		8,688
	2,800	Open House Co. Ltd.		102,867
	1,700	Optex Group Co. Ltd.		28,478
	1,800	Organo Corp.		53,579
	60,800	Orient Corp.		64,140
	7,000	Origin Co. Ltd.		129,961

Shares			Value
JAPAN (continued)
	2,600	Osaka Organic Chemical Industry Ltd.	$	26,482
	3,800	Osaka Soda Co. Ltd.		91,857
	1,500	OSAKA Titanium Technologies Co. Ltd.		20,836
	164,500	Osaki Electric Co. Ltd.		1,093,941
	5,500	OSG Corp.		110,722
	286,300	OSJB Holdings Corp.		684,046
	500	OUG Holdings, Inc.		11,920
	8,000	Outsourcing Inc.		105,182
	38,200	Oyo Corp.		402,737
	11,600	Pacific Industrial Co. Ltd.		190,214
	900	Pacific Metals Co. Ltd.		19,774
	2,450	Pack Corp. (The)		78,930
	1,400	PAL Group Holdings Co. Ltd.		42,936
	8,350	PALTAC Corp.		461,159
	21,356	Paramount Bed Holdings Co. Ltd.		1,003,555
	2,000	Parco Co. Ltd.		19,213
	6,200	Park24 Co. Ltd.		130,445
	74,900	Pasona Group, Inc.		1,188,020
	15,700	PC Depot Corp.		57,780
	2,900	Pca Corp.		89,427
	32,700	Pegasus Sewing Machine Manufacturing Co. Ltd.		188,441
	33,900	Penta-Ocean Construction Co. Ltd.		155,520
	1,300	Pepper Food Service Co. Ltd.		26,339
	183,900	PeptiDream, Inc.(a)		9,961,854
	700	PIA Corp.		29,655
	2,000	Pilot Corp.		82,667
	3,000	Piolax, Inc.		56,482
	2,000	Plenus Co. Ltd.		33,039
	38,300	Poletowin Pitcrew Holdings, Inc.		346,806
	2,200	Premium Group Co. Ltd.		38,214
	48,100	Press Kogyo Co. Ltd.		260,526
	8,000	Pressance Corp.		97,996
	2,800	Prestige International, Inc.		40,198
	4,500	Prima Meat Packers Ltd.		82,602
	14,900	Proto Corp.		279,592
	6,700	PS Mitsubishi Construction Co. Ltd.		39,479
	21,300	Punch Industry Co. Ltd.		123,390
	2,400	Qol Co. Ltd.		36,460
	5,600	Quick Co. Ltd.		87,097
	2,700	Raito Kogyo Co. Ltd.		34,862
	2,000	Rasa Industries Ltd.		28,107
	35,700	Raysum Co. Ltd.		325,144
	67,100	Relia, Inc.		710,101
	13,600	Renaissance, Inc.		251,840
	2,000	Renesas Easton Co. Ltd.		7,458
	41,440	Rengo Co. Ltd.		365,519
	3,600	RENOVA, Inc.(a)		31,332
	6,900	Resorttrust, Inc.		96,590
	1,600	Restar Holdings Corp.		25,953

Shares			Value
JAPAN (continued)
	2,000	Retail Partners Co. Ltd.	$	20,885
	43,000	Rheon Automatic Machinery Co. Ltd.		651,929
	1,100	Rhythm Watch Co. Ltd.		12,545
	8,400	Ricoh Leasing Co. Ltd.		245,507
	22,800	Ride On Express Holdings Co. Ltd.		245,979
	1,600	Right On Co. Ltd.		11,203
	1,900	Riken Corp.		91,099
	2,000	Riken Keiki Co. Ltd.		37,897
	45,200	Riken Technos Corp.		211,419
	1,400	Riken Vitamin Co. Ltd.		46,093
	1,700	Ringer Hut Co. Ltd.		36,011
	1,400	Rinnai Corp.		94,450
	8,400	Rion Co. Ltd.		151,014
	7,400	Riso Kagaku Corp.		122,847
	6,900	Riso Kyoiku Co. Ltd.		26,403
	1,800	Rock Field Co. Ltd.		25,756
	58,700	Rohto Pharmaceutical Co. Ltd.		1,651,740
	1,400	Rokko Butter Co. Ltd.		27,132
	44,300	Roland DG Corp.		958,494
	1,700	Rorze Corp.		40,065
	79,000	Round One Corp.		1,064,541
	1,400	Royal Holdings Co. Ltd.		34,278
	400	RS Technologies Co. Ltd.		11,761
	20,400	Ryobi Ltd.		465,401
	3,000	Ryoden Corp.		41,187
	2,400	Ryosan Co. Ltd.		64,734
	1,100	S Foods, Inc.		38,148
	29,100	Sac’s Bar Holdings, Inc.		290,472
	1,000	Sagami Rubber Industries Co. Ltd.		17,051
	1,200	Saibu Gas Co. Ltd.		25,247
	11,500	Saizeriya Co. Ltd.		258,726
	32,200	Sakai Chemical Industry Co. Ltd.		797,077
	3,000	Sakai Heavy Industries Ltd.		85,630
	1,800	Sakai Ovex Co. Ltd.		28,044
	2,200	Sakata INX Corp.		20,006
	1,400	Sakura Internet, Inc.		6,796
	16,400	Sala Corp.		90,226
	5,100	SAMTY Co. Ltd.		66,171
	1,600	San Holdings, Inc./Japan		35,857
	1,000	San ju San Financial Group, Inc.		13,503
	1,000	San-A Co. Ltd.		39,247
	27,500	San-Ai Oil Co. Ltd.		232,131
	5,300	Sanden Holdings Corp.(a)		38,192
	2,600	Sanei Architecture Planning Co. Ltd.		36,869
	8,050	Sangetsu Corp.		150,898
	27,300	San-In Godo Bank Ltd. (The)		180,913
	5,700	Sanken Electric Co. Ltd.		122,554
	9,000	Sanko Gosei Ltd.		28,247
	800	Sanko Metal Industrial Co. Ltd.		19,331
	137,673	Sankyo Co. Ltd.		5,437,168

Shares			Value
JAPAN (continued)
	400	Sankyo Frontier Co. Ltd.	$	12,526
	3,000	Sankyo Tateyama, Inc.		33,368
	5,900	Sankyu, Inc.		282,962
	9,600	Sanoh Industrial Co. Ltd.		45,616
	4,600	Sanoyas Holdings Corp.		9,985
	53,182	Sanrio Co. Ltd.		1,215,762
	1,000	Sansei Landic Co. Ltd.		6,793
	7,200	Sansha Electric Manufacturing Co. Ltd.		61,012
	20,900	Sanwa Holdings Corp.		251,726
	10,900	Sanyo Chemical Industries Ltd.		551,689
	2,400	Sanyo Denki Co. Ltd.		112,949
	1,300	Sanyo Electric Railway Co. Ltd.		25,975
	800	Sanyo Industries Ltd.		13,363
	9,800	Sanyo Special Steel Co. Ltd.		196,512
	2,100	Sanyo Trading Co. Ltd.		42,688
	12,800	Sapporo Holdings Ltd.		262,501
	1,500	SATO Holdings Corp.		36,520
	2,700	Sato Shoji Corp.		22,741
	1,400	Satori Electric Co. Ltd.		12,552
	7,800	Sawada Holdings Co. Ltd.		68,519
	67,222	Sawai Pharmaceutical Co. Ltd.		3,611,837
	1,300	SAXA Holdings, Inc.		20,520
	2,800	SBS Holdings, Inc.		47,313
	27,600	Scala, Inc.		224,554
	4,300	SCREEN Holdings Co. Ltd.		206,560
	2,800	Scroll Corp.		9,313
	44,200	SCSK Corp.		2,100,418
	200	SEC Carbon Ltd.		17,815
	65,100	Seikagaku Corp.		716,880
	23,200	Seikitokyu Kogyo Co. Ltd.(a)		118,490
	112,100	Seiko Holdings Corp.		2,543,996
	13,800	Seino Holdings Co. Ltd.		187,867
	3,800	Seiren Co. Ltd.		56,937
	6,600	Sekisui Plastics Co. Ltd.		49,195
	171,512	Senko Group Holdings Co. Ltd.		1,379,416
	2,000	Senshu Electric Co. Ltd.		46,482
	25,020	Senshu Ikeda Holdings, Inc.		62,169
	3,400	Seria Co. Ltd.		101,128
	55,200	Seven Bank Ltd.		150,168
	3,000	SFP Holdings Co. Ltd.		49,392
	1,200	Shibaura Electronics Co. Ltd.		43,008
	18,300	Shibaura Mechatronics Corp.		629,419
	3,400	Shibusawa Warehouse Co. Ltd. (The)		53,519
	1,000	Shibuya Corp.		31,086
	1,400	Shidax Corp.		3,886
	500	SHIFT, Inc.(a)		27,544
	41,600	Shiga Bank Ltd. (The)		995,546
	2,000	Shikibo Ltd.		18,298
	18,800	Shikoku Bank Ltd. (The)		171,870
	8,900	Shikoku Chemicals Corp.		96,277
	5,700	Shikoku Electric Power Co., Inc.		57,604
	1,000	Shima Seiki Manufacturing Ltd.		33,648
	13,849	Shimachu Co. Ltd.		334,884

Shares			Value
JAPAN (continued)
	1,100	Shimamura Co. Ltd.	$	82,020
	17,000	Shimizu Bank Ltd. (The)		269,434
	1,900	Shimojima Co. Ltd.		20,391
	1,800	Shin Nippon Air Technologies Co. Ltd.		29,015
	2,400	Shinagawa Refractories Co. Ltd.		71,695
	5,400	Shindengen Electric Manufacturing Co. Ltd.		222,204
	7,400	Shin-Etsu Polymer Co. Ltd.		56,345
	3,900	Shinkawa Ltd.(a)		17,514
	256,300	Shinko Electric Industries Co. Ltd.		2,261,902
	8,100	Shinko Plantech Co. Ltd.		84,787
	2,800	Shinko Shoji Co. Ltd.		47,175
	132,200	Shinmaywa Industries Ltd.		1,632,395
	9,400	Shinnihon Corp.		80,809
	6,700	Shinoken Group Co. Ltd.		43,399
	75,000	Shinsei Bank Ltd.(a)		1,045,824
	1,200	Shinsho Corp.		28,718
	1,700	Shinwa Co. Ltd.		34,670
	32,200	Ship Healthcare Holdings, Inc.		1,324,750
	2,400	Shizuki Electric Co., Inc.		13,402
	39,300	Shizuoka Bank Ltd.		301,976
	31,000	Shizuoka Gas Co. Ltd.		251,681
	800	Shoei Co. Ltd.		34,782
	800	Shoei Foods Corp.		22,429
	2,300	Shofu, Inc.		26,157
	2,300	Shoko Co. Ltd.(a)		13,438
	1,000	Showa Aircraft Industry Co. Ltd.		12,214
	138,900	Showa Corp.		2,040,189
	5,700	Showa Sangyo Co. Ltd.		154,091
	1,100	Showa Shinku Co. Ltd.		12,644
	1,100	Sigma Koki Co. Ltd.		13,278
	2,900	Sigmaxyz, Inc.		28,394
	3,400	Siix Corp.		54,508
	2,400	Sinanen Holdings Co. Ltd.		45,101
	10,000	Sinfonia Technology Co. Ltd.		142,330
	12,400	Sinko Industries Ltd.		178,464
	2,800	Sintokogio Ltd.		26,346
	32,000	SK-Electronics Co. Ltd.		510,435
	165,200	SKY Perfect JSAT Holdings, Inc.		660,942
	15,500	Skylark Co. Ltd.		255,323
	5,600	SMS Co. Ltd.		108,684
	20,500	Sodick Co. Ltd.		185,194
	3,600	Softbank Technology Corp.		80,451
	27,900	Softbrain Co. Ltd.		133,132
	200	Software Service, Inc.		17,873
	2,500	Sogo Medical Holdings Co. Ltd.		46,410
	349,100	Sojitz Corp.		1,201,864
	2,900	Soken Chemical & Engineering Co. Ltd.		41,085
	3,000	Solasto Corp.		30,082
	2,600	Sotetsu Holdings, Inc.		72,029
	5,800	Sourcenext Corp.		26,781
	7,000	Space Value Holdings Co. Ltd.		38,245

Shares			Value
JAPAN (continued)
	7,200	Sparx Group Co. Ltd.	$	15,581
	700	SPK Corp.		15,212
	400	S-Pool, Inc.		9,109
	3,500	Square Enix Holdings Co. Ltd.		121,110
	400	SRA Holdings, Inc.		8,667
	3,000	Srg Takamiya Co. Ltd.		18,175
	2,400	SRS Holdings Co. Ltd.		21,730
	5,800	ST Corp.		100,262
	80,200	St. Marc Holdings Co. Ltd.		1,800,789
	500	Star Mica Co. Ltd.		5,965
	52,400	Star Micronics Co. Ltd.		855,217
	129,400	Start Today Co. Ltd.		2,298,592
	3,900	Starts Corp., Inc.		86,847
	1,500	Starzen Co. Ltd.		54,207
	2,200	St-Care Holding Corp.		10,313
	1,400	Stella Chemifa Corp.		38,879
	200	Strike Co. Ltd.		3,649
	48,800	Studio Alice Co. Ltd.		900,077
	3,100	Sugi Holdings Co. Ltd.		156,784
	2,700	Sugimoto & Co. Ltd.		48,335
	10,200	Sumco Corp.		134,557
	2,900	Sumida Corp.		43,304
	4,100	Suminoe Textile Co. Ltd.		110,556
	38,400	Sumitomo Bakelite Co. Ltd.		1,498,856
	5,500	Sumitomo Densetsu Co. Ltd.		94,501
	30,100	Sumitomo Forestry Co. Ltd.		414,110
	276,900	Sumitomo Mitsui Construction Co. Ltd.		1,807,137
	64,347	Sumitomo Osaka Cement Co. Ltd.		2,622,136
	700	Sumitomo Precision Products Co. Ltd.		19,533
	14,000	Sumitomo Riko Co. Ltd.		123,360
	51,303	Sumitomo Rubber Industries Ltd.		630,839
	2,100	Sumitomo Seika Chemicals Co. Ltd.		81,592
	19,000	Sun Frontier Fudousan Co. Ltd.		194,392
	5,400	Suncall Corp.		29,509
	800	Sundrug Co. Ltd.		21,448
	3,000	SUNNY SIDE UP, Inc.		56,220
	3,600	Sun-Wa Technos Corp.		28,679
	56,700	Sushiro Global Holdings Ltd.		3,711,948
	81,900	Suzuken Co. Ltd.		4,722,386
	4,700	Suzuki Co. Ltd.		29,106
	7,200	SWCC Showa Holdings Co. Ltd.		50,097
	1,700	System Research Co. Ltd.		40,326
	173,200	Systena Corp.		2,085,090
	1,100	Syuppin Co. Ltd.		7,338
	3,800	T&K Toka Co. Ltd.		33,534
	3,200	T. Hasegawa Co. Ltd.		51,706
	2,400	T. RAD Co. Ltd.		51,447
	1,740	Tachibana Eletech Co. Ltd.		27,164
	1,800	Tachikawa Corp.		20,473
	7,400	Tachi-S Co. Ltd.		114,146
	5,000	Tadano Ltd.		52,901

Shares			Value
JAPAN (continued)
	1,800	Taihei Dengyo Kaisha Ltd.	$	39,699
	5,700	Taiho Kogyo Co. Ltd.		45,082
	37,300	Taikisha Ltd.		1,127,263
	1,500	Taiko Pharmaceutical Co. Ltd.		24,533
	300	Taisei Lamick Co., Ltd.		7,595
	1,300	Taiyo Holdings Co. Ltd.		45,792
	21,200	Taiyo Yuden Co. Ltd.		516,297
	3,500	Takamatsu Machinery Co. Ltd.		30,618
	1,700	Takaoka Toko Co. Ltd.		19,699
	1,900	Takara Bio, Inc.		41,819
	7,600	Takara Holdings, Inc.		88,762
	22,900	Takara Leben Co. Ltd.		71,216
	3,500	Takara Standard Co. Ltd.		53,278
	11,600	Takasago International Corp.		352,854
	83,500	Takasago Thermal Engineering Co. Ltd.		1,324,318
	1,300	Takashima & Co. Ltd.		19,945
	16,300	Takashimaya Co. Ltd.		183,280
	1,700	Take And Give Needs Co. Ltd.		22,415
	2,900	Takebishi Corp.		35,871
	4,700	Takeei Corp.		33,180
	2,800	Takeuchi Manufacturing Co. Ltd.		53,098
	700	Takihyo Co. Ltd.		11,470
	1,700	Takisawa Machine Tool Co. Ltd.		23,866
	34,800	Takuma Co. Ltd.		419,603
	89,300	Tama Home Co. Ltd.		881,170
	115,300	Tamron Co. Ltd.		2,257,627
	9,400	Tamura Corp.		58,396
	1,500	Tanabe Engineering Corp.		10,554
	72,050	Tanseisha Co. Ltd.		804,577
	600	Taoka Chemical Co. Ltd.		26,687
	11,300	Tatsuta Electric Wire and Cable Co. Ltd.		49,629
	6,600	Tayca Corp.		149,011
	10,700	TBK Co. Ltd.		39,100
	32,000	TDC Soft, Inc.		247,857
	51,800	Techmatrix Corp.		923,012
	1,000	Techno Medica Co. Ltd.		18,926
	2,300	TechnoPro Holdings, Inc.		138,388
	41,200	Teijin Ltd.		708,728
	12,900	Teikoku Electric Manufacturing Co. Ltd.		131,543
	1,100	Tekken Corp.		28,761
	2,100	T-Gaia Corp.		34,140
	20,400	THK Co. Ltd.		539,454
	3,800	Tigers Polymer Corp.		20,687
	95,766	TIS, Inc.		4,369,404
	700	TKC Corp.		27,409
	3,200	Toa Corp.		35,211
	1,700	Toa Corp.		24,421
	3,500	Toa Oil Co. Ltd.		56,512
	5,000	Toa Road Corp.		128,105
	25,950	Toagosei Co. Ltd.		283,287
	5,610	Tobishima Corp.		71,813

Shares			Value
JAPAN (continued)
	32,800	TOC Co. Ltd.	$	205,035
	6,100	Tocalo Co. Ltd.		50,202
	24,165	Tochigi Bank Ltd. (The)		48,995
	15,800	Toda Corp.		97,718
	20,100	Toei Animation Co. Ltd.		999,156
	400	Toei Co. Ltd.		51,944
	2,400	Toenec Corp.		66,644
	163,500	Toho Bank Ltd. (The)		424,236
	60,300	Toho Co. Ltd.		2,532,257
	2,200	Toho Co. Ltd.		43,457
	67,164	Toho Gas Co. Ltd.		2,769,156
	112,600	Toho Holdings Co. Ltd.		2,638,329
	2,100	Toho Titanium Co. Ltd.		17,671
	4,100	Toho Zinc Co. Ltd.		107,322
	4,300	Tohoku Bank Ltd. (The)		41,872
	19,500	Tokai Carbon Co. Ltd.		225,646
	2,700	Tokai Corp.		62,390
	8,900	TOKAI Holdings Corp.		74,343
	1,200	Tokai Lease Co. Ltd.		17,503
	41,300	Tokai Rika Co. Ltd.		717,144
	20,000	Tokai Tokyo Financial Holdings, Inc.		66,465
	1,200	Token Corp.		73,261
	1,084	Tokushu Tokai Paper Co. Ltd.		40,056
	7,400	Tokuyama Corp.		183,853
	9,100	Tokyo Dome Corp.		90,379
	4,800	Tokyo Electron Device Ltd.		83,698
	4,000	Tokyo Energy & Systems, Inc.		34,522
	2,800	Tokyo Keiki, Inc.		27,918
	3,900	Tokyo Ohka Kogyo Co. Ltd.		124,890
	3,700	Tokyo Rope Manufacturing Co. Ltd.		36,433
	42,000	Tokyo Sangyo Co. Ltd.		193,975
	8,000	Tokyo Seimitsu Co. Ltd.		232,377
	6,400	Tokyo Steel Manufacturing Co. Ltd.		54,808
	56,700	Tokyo Tatemono Co. Ltd.		640,006
	15,100	Tokyo Tekko Co. Ltd.		167,139
	1,700	Tokyo Ty Financial Group, Inc.		24,565
	1,000	Tokyotokeiba Co. Ltd.		29,175
	66,700	Tokyu Construction Co. Ltd.		478,998
	124,800	Tokyu Fudosan Holdings Corp.		704,102
	183	Tokyu REIT, Inc. REIT		287,574
	21,300	Toli Corp.		49,873
	1,400	Tomato Bank Ltd.		13,432
	1,100	Tomen Devices Corp.		23,583
	2,900	Tomoe Corp.		9,361
	3,800	Tomoe Engineering Co. Ltd.		83,677
	5,700	Tomoku Co. Ltd.		90,708
	166,800	TOMONY Holdings, Inc.		607,065
	188,700	Tomy Co. Ltd.		2,023,370
	2,300	Tonami Holdings Co. Ltd.		126,387
	8,100	Topcon Corp.		98,430
	96,900	Toppan Forms Co. Ltd.		886,195
	9,400	Topre Corp.		176,327
	4,400	Topy Industries Ltd.		101,826

Shares			Value
JAPAN (continued)
	1,500	Torex Semiconductor Ltd.	$	17,585
	1,400	TORIDOLL Holdings Corp.		31,356
	1,400	Torii Pharmaceutical Co. Ltd.		27,829
	500	Torikizoku Co. Ltd.		8,533
	3,900	Torishima Pump Manufacturing Co. Ltd.		35,414
	36,800	Tosei Corp.		306,041
	2,400	Toshiba Machine Co. Ltd.		54,884
	2,800	Toshiba Plant Systems & Services Corp.		50,280
	43,500	Toshiba TEC Corp.		1,202,103
	1,300	Tosho Co. Ltd.		33,405
	700	Totech Corp.		13,764
	1,100	Totetsu Kogyo Co. Ltd.		32,299
	23,500	Towa Bank Ltd. (The)		150,738
	4,800	Towa Corp.		39,942
	138,000	Towa Pharmaceutical Co. Ltd.		3,398,007
	138,200	Toyo Construction Co. Ltd.		509,119
	600	Toyo Denki Seizo KK		8,215
	3,800	Toyo Engineering Corp.(a)		20,266
	4,800	Toyo Ink SC Holdings Co. Ltd.		115,014
	1,400	TOYO KANETSU K.K.		26,698
	4,000	Toyo Machinery & Metal Co. Ltd.		22,488
	16,000	Toyo Securities Co. Ltd.		18,677
	1,400	Toyo Suisan Kaisha Ltd.		53,458
	10,900	Toyo Tanso Co. Ltd.		216,327
	16,600	Toyo Tire Corp.		194,194
	2,000	Toyo Wharf & Warehouse Co. Ltd.		26,829
	27,200	Toyobo Co. Ltd.		354,914
	19,700	Toyoda Gosei Co. Ltd.		410,099
	11,100	Toyota Boshoku Corp.		164,015
	7,700	TPR Co. Ltd.		151,786
	800	Trancom Co. Ltd.		46,533
	54,600	Transcosmos, Inc.		1,196,845
	500	Tri Chemical Laboratories, Inc.		26,360
	1,900	Trusco Nakayama Corp.		48,022
	14,400	Trust Tech, Inc.		490,846
	29,800	TS Tech Co. Ltd.		894,970
	3,200	Tsubaki Nakashima Co. Ltd.		59,794
	34,500	Tsubakimoto Chain Co.		1,285,976
	1,900	Tsubakimoto Kogyo Co. Ltd.		62,297
	2,200	Tsudakoma Corp.		37,634
	7,000	Tsugami Corp.		63,453
	32,800	Tsukada Global Holdings, Inc.		179,210
	11,033	Tsukuba Bank Ltd.		19,481
	7,700	Tsukui Corp.		48,102
	40,800	Tsumura & Co.		1,254,645
	1,200	Tsurumi Manufacturing Co. Ltd.		21,507
	1,600	Tv Tokyo Holdings Corp.		33,724
	10,484	UACJ Corp.		212,069
	30,580	Ube Industries Ltd.		654,281
	2,500	Uchida Yoko Co. Ltd.		79,801
	600	Ueki Corp.		12,593
	16,100	ULS Group, Inc.		271,453

Shares			Value
JAPAN (continued)
	8,700	Ulvac, Inc.	$	293,072
	600	Umenohana Co. Ltd.		14,286
	300	Uniden Holdings Corp.		6,625
	2,200	UNIMAT Retirement Community Co. Ltd.		36,191
	600	Union Tool Co.		16,565
	13,100	Unipres Corp.		202,453
	65,900	United Arrows Ltd.		2,081,578
	124,600	United Super Markets Holdings, Inc.		1,126,427
	22,900	United, Inc./Japan		294,531
	4,800	Unitika Ltd.(a)		19,042
	3,200	Universal Entertainment Corp.		100,836
	1,100	Unizo Holdings Co. Ltd.		19,501
	4,000	Urbanet Corp. Co. Ltd.		12,420
	2,100	UT Group Co. Ltd.(a)		60,569
	8,800	Utoc Corp.		42,989
	900	V Technology Co. Ltd.		120,981
	34,300	Valor Holdings Co. Ltd.		836,725
	24,000	ValueCommerce Co. Ltd.		608,237
	2,200	Vector, Inc.(a)		26,193
	9,600	Vision, Inc./Tokyo Japan(a)		441,805
	95,200	Vital KSK Holdings, Inc.		908,371
	34,400	VT Holdings Co. Ltd.		138,821
	2,000	Wacoal Holdings Corp.		49,396
	8,500	Wacom Co. Ltd.		34,372
	19,200	Wakachiku Construction Co. Ltd.		246,882
	34,300	Wakita & Co. Ltd.		360,294
	3,600	Warabeya Nichiyo Holdings Co. Ltd.		57,905
	8,400	Waseda Academy Co. Ltd.		54,891
	300	Watahan & Co. Ltd.		6,430
	25,500	WATAMI Co. Ltd.		356,957
	7,100	Watts Co. Ltd.		44,774
	2,800	Wavelock Holdings Co. Ltd.		20,378
	900	Wdb Holdings Co. Ltd.		26,739
	600	Weathernews, Inc.		18,223
	1,400	Weds Co. Ltd.		7,598
	36,900	West Holdings Corp.		490,615
	1,000	Will Group, Inc.		10,229
	1,100	WIN-Partners Co. Ltd.		12,027
	800	Workman Co. Ltd.		38,843
	22,400	World Holdings Co. Ltd.		380,855
	1,000	Wowow, Inc.		25,913
	3,000	W-Scope Corp.		47,346
	4,200	Xebio Holdings Co. Ltd.		44,217
	4,000	Yachiyo Industry Co. Ltd.		27,172
	6,000	Yahagi Construction Co. Ltd.		42,091
	1,000	Yakuodo Co. Ltd.		24,490
	13,300	YAMABIKO Corp.		131,552
	900	Yamada Consulting Group Co. Ltd.		19,579
	4,000	Yamagata Bank Ltd. (The)		64,464
	46,100	Yamaguchi Financial Group, Inc.		341,081

Shares			Value
JAPAN (continued)
	2,400	Yamaichi Electronics Co. Ltd.	$	27,317
	3,100	YA-MAN Ltd.		29,827
	24,900	Yamanashi Chuo Bank Ltd. (The)		292,103
	6,100	Yamatane Corp.		88,826
	2,600	Yamato Corp.		12,181
	12,500	Yamaya Corp.		240,758
	1,500	Yamazaki Baking Co. Ltd.		22,346
	900	Yamazawa Co. Ltd.		13,082
	10,300	Yamazen Corp.		108,372
	1,200	Yaoko Co. Ltd.		57,107
	9,900	Yashima Denki Co. Ltd.		78,435
	1,400	Yasunaga Corp.		22,139
	41,800	Yellow Hat Ltd.		528,952
	8,800	Yokogawa Bridge Holdings Corp.		143,192
	6,200	Yokohama Reito Co. Ltd.		49,108
	26,900	Yokohama Rubber Co. Ltd. (The)		506,870
	2,700	Yokowo Co. Ltd.		43,212
	400	Yomiuri Land Co. Ltd.		15,786
	600	Yondoshi Holdings, Inc.		13,219
	6,800	Yorozu Corp.		99,037
	11,400	Yossix Co. Ltd.		297,722
	3,600	Yotai Refractories Co. Ltd.		16,927
	4,500	Yuasa Trading Co. Ltd.		128,372
	1,700	Yuken Kogyo Co. Ltd.		26,614
	1,100	Yume No Machi Souzou Iinkai Co. Ltd.		16,503
	4,700	Yumeshin Holdings Co. Ltd.		34,044
	56,600	Yurtec Corp.		399,420
	900	Yushiro Chemical Industry Co. Ltd.		10,770
	500	Zenitaka Corp.		23,987
	22,000	Zenrin Co. Ltd.		480,487
	5,700	Zensho Holdings Co. Ltd.		128,481
	33,500	Zeon Corp.		329,053
	48,300	ZERIA Pharmaceutical Co. Ltd.		855,896
	3,700	ZIGExN Co., Ltd.(a)		19,316
	4,000	Zojirushi Corp.		41,273
				437,171,766
JERSEY CHANNEL ISLANDS — 0.2%
	274,987	Novocure Ltd.(a)		12,118,677
JORDAN — 0.0%
	9,167	Hikma Pharmaceuticals Plc		211,538
KOREA — 0.0%
	56,756	Chennai Super Kings Cricket Ltd.(a)(b)(c)		344
LIECHTENSTEIN — 0.0%
	947	Liechtensteinische Landesbank AG		64,593
	269	VP Bank AG		39,201
				103,794

Shares			Value
LUXEMBOURG — 0.0%
	4,299	APERAM SA	$	132,628
	2,401	Corestate Capital Holding SA		96,456
	505	Eurofins Scientific SE		231,255
	2,321	IVS Group SA		28,000
	22,500	L’Occitane International SA		40,433
	3,073	RTL Group SA		175,167
	319	RTL Group SA		17,975
	54,363	SES SA		925,679
	2,536	Stabilus SA		141,516
	836	Sword Group		30,443
				1,819,552
MACAU — 0.0%
	218,000	Macau Legend Development Ltd.		35,301
MALAYSIA — 0.1%
	75,100	Aeon Co. (M) Berhad		26,175
	9,450	Aeon Credit Service M Berhad		37,267
	300,306	Affin Holdings Berhad		162,780
	189,600	AirAsia Group Berhad		125,251
	78,500	Alliance Bank Malaysia Berhad		77,135
	82,900	Ammb Holdings Berhad		89,623
	20,100	Amway Malaysia Holdings Berhad		28,937
	27,700	Ann Joo Resources Berhad		11,798
	28,900	APM Automotive Holdings Berhad		21,140
	33,000	Astro Malaysia Holdings Berhad		11,580
	32,700	Batu Kawan Berhad		132,888
	23,600	Berjaya Sports Toto Berhad		15,018
	45,700	Bermaz Auto Berhad		26,528
	64,200	BIMB Holdings Berhad		72,055
	480,407	Boustead Holdings Berhad		148,764
	83,160	Boustead Plantation Berhad		16,087
	3,100	British American Tobacco Malaysia Berhad		26,155
	234,600	Bumi Armada Berhad(a)		13,339
	19,850	Bursa Malaysia Berhad		32,408
	25,500	Cahya Mata Sarawak Berhad		20,603
	9,100	Carlsberg Brewery-Malaysia Berhad		55,609
	65,900	Dayang Enterprise Holdings Berhad(a)		22,486
	83,300	DRB-Hicom Berhad		43,968
	2,300	Dutch Lady Milk Industries Berhad		35,654
	184,797	Eastern & Oriental Berhad(a)		39,073
	127,900	Eco World Development Group Berhad(a)		28,636
	173,400	Felda Global Ventures Holdings Berhad(a)		52,352
	5,200	Fraser & Neave Holdings Berhad		43,905
	84,500	Gamuda Berhad		71,528
	4,200	Genting Plantations Berhad		10,659

Shares			Value
MALAYSIA (continued)
	54,366	Globetronics Technology Berhad	$	24,994
	27,600	Goldis Berhad		18,141
	4,980	HAP Seng Consolidated Berhad		11,907
	93,500	Hap Seng Plantations Holdings Berhad		37,459
	18,600	Hartalega Holdings Berhad		22,638
	14,200	Heineken Malaysia Berhad		84,170
	22,300	Hengyuan Refining Co Berhad(a)		31,976
	126,300	Hiap Teck Venture Berhad		8,412
	24,700	Hong Leong Industries Berhad		63,130
	131,780	IJM Corp. Berhad		74,608
	36,700	IJM Plantations Berhad		14,560
	139,031	Inari Amertron Berhad		58,248
	131,300	Ioi Properties Group Berhad		43,527
	71,600	Jaks Resources Berhad(a)		13,258
	37,100	Kerjaya Prospek Group Berhad		11,765
	34,300	Kossan Rubber Industries		30,204
	125,600	KPJ Healthcare Berhad		29,791
	142,174	KSL Holdings Berhad(a)		29,280
	155,800	Landmarks Berhad(a)		18,076
	53,360	LBS Bina Group Berhad		7,934
	42,600	Lingkaran Trans Kota Holdings Berhad		44,221
	50,300	Lion Industries Corp. Berhad(a)		7,186
	16,920	LPI Capital Berhad		63,373
	32,273	Lynas Corp. Ltd.(a)		45,066
	15,900	Magni-Tech Industries Berhad		17,905
	25,900	Magnum Berhad		15,232
	157,873	Mah Sing Group Berhad		36,669
	48,523	Malaysia Airports Holdings Berhad		89,615
	196,167	Malaysia Building Society Berhad		47,234
	7,400	Malaysian Pacific Industries Berhad		17,539
	71,500	Matrix Concepts Holdings Berhad		33,233
	36,900	Mega First Corp. Berhad		35,273
	149,600	MMC Corp. Berhad		37,997
	63,200	Muhibbah Engineering M Berhad		43,636
	72,300	My EG Services Berhad		26,278
	33,800	Padini Holdings Berhad		31,400
	2,600	Panasonic Manufacturing Malaysia Berhad		23,769
	45,300	Paramount Corp. Berhad		23,198
	11,000	Petron Malaysia Refining & Marketing Berhad		18,132
	32,300	Press Metal Aluminium Holdings Berhad		37,141
	19,780	QL Resources Berhad		32,613
	64,857	Sarawak Oil Palms Berhad		41,066
	16,600	Scientex Berhad		34,322
	26,900	Serba Dinamik Holdings Berhad		27,221

Shares			Value
MALAYSIA (continued)
	49,800	Shangri-La Hotels (Malaysia) Berhad	$	65,649
	111,600	Sime Darby Berhad		62,684
	30,400	SKP Resources Berhad		10,144
	69,602	SP Setia Berhad		38,202
	75,773	Sunway Berhad		30,627
	67,866	Sunway Construction Group Berhad		32,844
	51,000	Supermax Corp. Berhad		18,648
	35,000	Syarikat Takaful Malaysia Berhad		51,369
	22,700	Ta Ann Holdings Berhad		12,910
	269,700	TA Enterprise Berhad		42,409
	195,360	TA Global Berhad		12,753
	126,800	TAN Chong Motor Holdings Berhad		49,970
	94,700	Tebrau Teguh Berhad(a)		23,396
	36,900	Telekom Malaysia Berhad		25,996
	18,360	Time dotCom Berhad		39,742
	39,740	Top Glove Corp. Berhad		46,835
	43,600	TSH Resources Berhad		10,879
	14,700	Uchi Technologies Berhad		10,149
	19,600	UEM Edgenta Berhad		13,707
	18,900	UMW Holdings Berhad		24,936
	23,700	United Malacca Berhad		30,726
	20,800	United Plantations Berhad		134,447
	193,500	UOA Development Berhad		105,730
	78,875	VS Industry Berhad		21,792
	55,000	Wah Seong Corp. Berhad(a)		9,843
	42,100	Westports Holdings Berhad		38,775
	38,200	Yinson Holdings Berhad		44,733
	43,272	YNH Property Berhad		17,390
	312,726	YTL Corp. Berhad		85,350
				4,075,433
MALTA — 0.0%
	14,841	Kindred Group Plc - SDR		129,603
MEXICO — 0.1%
	10,989	ALEATICA SAB de CV		12,173
	317,467	Alfa SAB de CV - Series A		319,849
	50,138	Alpek SAB de CV(a)		61,490
	6,467	Alsea SAB de CV		14,443
	40,010	Banco del Bajio SA		86,002
	14,700	Becle Sab De Cv		22,688
	14,637	Bolsa Mexicana de Valores SAB de CV		30,127
	657,286	Cemex SAB de CV - CPO - Units(a)		304,412
	82,556	Consorcio ARA SAB de CV		21,991
	15,500	Corp Inmobiliaria Vesta SAB de CV		24,324
	25,361	Corp. Actinver SAB de CV		17,458
	61,938	Corp. Interamericana de Entretenimiento SAB de CV - Series B(a)(c)		43,796
	24,022	Corp. Moctezuma SAB de CV		76,472

Shares			Value
MEXICO (continued)
	1,260	Corporativo Fragua SAB de CV	$	17,050
	35,363	Credito Real SAB de CV SOFOM ER		40,851
	35,100	Fibra Uno Administracion SA de CV REIT		52,027
	39,113	Genomma Lab Internacional SAB de CV - Class B(a)		31,319
	25,002	Gentera SAB de CV		22,855
	5,782	Gruma SAB de CV - Series B		57,796
	30,292	Grupo Aeromexico SAB de CV(a)		30,807
	11,618	Grupo Aeroportuario del Centro Norte SAB de CV		71,549
	13,171	Grupo Aeroportuario del Pacifico SAB de CV - Series B		133,463
	5,517	Grupo Aeroportuario del Sureste SAB de CV - Series B		90,599
	37,329	Grupo Bimbo SAB de CV - Series A		82,898
	11,248	Grupo Carso SAB de CV - Series A1		43,668
	51,513	Grupo Cementos de Chihuahua SAB de CV		295,039
	17,206	Grupo Comercial Chedraui SA de CV		33,853
	3,962	Grupo Elektra SAB de CV		211,081
	45,428	Grupo Famsa SAB de CV - Class A(a)		15,576
	22,346	Grupo Herdez SAB de CV		48,104
	17,079	Grupo KUO SAB de CV - Series B		43,685
	9,061	Grupo Rotoplas SAB de CV		8,861
	19,200	Grupo Sanborns SAB de CV		19,040
	8,920	Grupo Simec SAB de CV - Series B(a)		27,365
	37,388	Hoteles City Express SAB de CV(a)		38,477
	256,075	Impulsora del Desarrollo y El Empleo en America Latina SAB de CV(a)		474,052
	5,874	Industrias Bachoco SAB de CV - Series B		24,029
	131,489	Industrias CH SAB de CV - Series B(a)		615,700
	1,685	Industrias Penoles SAB de CV		19,376
	9,300	Infraestructura Energetica Nova SAB de CV		40,643
	45,760	Kimberly-Clark de Mexico SAB de CV - Class A		79,027
	36,269	La Comer SAB de CV(a)		41,515
	19,599	Macquarie Mexico Real Estate Management SA de CV REIT		23,251
	90	Medica Sur SAB de CV - Series B		121
	18,125	Megacable Holdings SAB de CV - CPO Shares		79,641
	49,699	Mexichem SAB de CV		115,428

Shares			Value
MEXICO (continued)
	118,273	Nemak SAB de CV	$	65,008
	11,623	Organizacion Cultiba SAB de CV(a)		10,300
	84,289	Organizacion Soriana SAB de CV - Series B(a)		102,084
	8,733	Promotora y Operadora de Infraestructura SAB de CV		88,635
	1,100	Promotora y Operadora de Infraestructura SAB de CV - Series L		7,224
	8,043	Qualitas Controladora SAB de CV - Class I		21,404
	49,541	Regional SAB de CV		268,118
	21,201	Telesites Sab De Cv(a)		14,482
	11,663	Unifin Financiera SAB de CV SOFOM ENR		26,085
	13,935	Vitro SAB de CV - Series A		39,325
				4,606,636
MONACO — 0.0%
	1,900	Endeavour Mining Corp.(a)		26,975
MONGOLIA — 0.0%
	714,500	Mongolian Mining Corp.(a)		13,413
MOROCCO AND ANTILLES — 0.0%
	77,800	Sime Darby Property Berhad		20,891
NETHERLANDS — 0.4%
	6,204	Aalberts Industries NV		244,096
	21,990	Accell Group NV		626,998
	16,676	ALTICE EUROPE NV(a)		52,921
	8,231	Amagerbanken A/S(a)(b)		0
	483	AMG Advanced Metallurgical Group NV		14,685
	1,283	Amsterdam Commodities NV		29,248
	6,548	Arcadis NV		123,729
	20,160	ASM International NV		1,374,502
	132,875	ASR Nederland NV		5,912,170
	1,337	Basic-Fit NV(a)		47,458
	4,924	BE Semiconductor Industries NV		141,839
	8,190	BinckBank NV		58,117
	7,881	Boskalis Westminster		216,295
	48	Brack Capital Properties NV(a)		5,100
	1,066	Brunel International NV		17,298
	7,289	Corbion NV		233,175
	3,628	Euronext NV		252,081
	4,336	Forfarmers Nv		37,074
	6,077	Fugro NV - CVA(a)		55,387
	4,320	GrandVision NV		97,216
	139,315	Heijmans NV - CVA(a)		1,581,785
	1,636	Hunter Douglas NV		115,580
	19,161	IMCD Group NV		1,549,253
	7,159	Intertrust Nv		136,082
	8,679	KAS Bank NV - CVA		121,417
	3,096	Kendrion NV		75,981
	29,799	Koninklijke BAM Groep NV		145,522
	275,956	Koninklijke KPN NV		848,114

Shares			Value
NETHERLANDS (continued)
	52,482	Koninklijke Volkerwessels NV	$	1,122,233
	7,276	Koninklijke Vopak NV		324,897
	392	Lucas Bols NV		6,824
	2,009	Nederland Apparatenfabriek		112,111
	14,502	Nostrum Oil & Gas Plc(a)		17,725
	4,498	NSI NV REIT		178,255
	4,733	OCI NV(a)		137,465
	31,805	Ordina NV		68,095
	12,593	PostNL NV		32,666
	15,156	QIAGEN NV(a)		586,856
	19,877	Randstad NV		1,136,794
	20,292	SBM Offshore NV		376,548
	455	Shop Apotheke Europe NV(a)		17,635
	19,023	Signify NV		570,871
	5,632	Sligro Food Group NV		205,832
	3,279	TKH Group NV		176,421
	333,720	TomTom NV(a)		2,884,666
	1,091	Van Lanschot Kempen NV		28,410
	19,878	VastNed Retail NV REIT		698,374
	40,973	VEON Ltd. - ADR		95,877
	3,449	Wessanen		44,778
				22,936,456
NEW ZEALAND — 0.4%
	238,599	Air New Zealand Ltd.		427,278
	6,753	CBL Corp. Ltd.(a)(b)(c)		2,681
	92,477	Chorus Ltd.		370,119
	14,998	Contact Energy Ltd.		67,333
	16,549	Ebos Group Ltd.(b)		236,757
	6,739	Freightways Ltd.		38,305
	5,539	Genesis Energy Ltd.		11,305
	32,374	Goodman Property Trust, REIT		37,400
	32,955	Heartland Group Holdings Ltd.		34,162
	17,769	Infratil Ltd.		51,501
	23,524	Kathmandu Holdings Ltd.		36,939
	34,320	Kiwi Property Group Ltd.		35,327
	14,969	Mainfreight Ltd.		350,060
	39,916	Metlifecare Ltd.		131,896
	282,951	New Zealand Refining Co. Ltd. (The)		393,310
	56,805	NZME Ltd.		20,828
	39,693	NZX Ltd.		26,766
	202,222	Oceania Healthcare Ltd.		144,652
	73,491	PGG Wrightson Ltd.		25,998
	210,049	Port of Tauranga Ltd.		828,095
	1,119	Restaurant Brands New Zealand Ltd.		6,361
	15,128	Sanford Ltd.		68,941
	7,012	Scales Corp. Ltd.		23,314
	58,037	Skellerup Holdings Ltd.		84,879
	97,688	SKY Network Television Ltd.		79,715
	133,563	SKYCITY Entertainment Group Ltd.		363,974
	95,128	Stride Property Group		129,005
	40,911	Summerset Group Holdings Ltd.		153,356

Shares			Value
NEW ZEALAND (continued)
	54,473	Synlait Milk Ltd.(a)	$	384,814
	8,994	Tourism Holdings, Ltd.		24,278
	82,337	Trade Me Group Ltd.(a)		353,788
	17,912	TrustPower Ltd.		83,103
	46,109	Vista Group International Ltd.		155,300
	326,409	Xero Ltd.(a)		12,554,527
	954,367	Z Energy Ltd.		4,035,194
				21,771,261
NORWAY — 0.4%
	81,009	ABG Sundal Collier Holding ASA		40,422
	3,022	AF Gruppen ASA		53,822
	16,316	Akastor ASA(a)		25,230
	92,360	Aker ASA - Class A		6,328,171
	22,495	Aker Solutions ASA(a)		115,489
	11,928	American Shipping Co. ASA		47,237
	6,397	Atea ASA		91,447
	409,601	Austevoll Seafood ASA		4,771,799
	9,647	Avance Gas Holding Ltd.(a)		27,513
	16,972	Axactor SE(a)		41,421
	432,993	B2Holding ASA		670,052
	9,727	Bonheur ASA		156,122
	17,139	Borregaard ASA		173,994
	21,532	BW Offshore Ltd.(a)		120,050
	1,731,423	DNO ASA		3,930,888
	25,915	DOF ASA(a)		14,237
	2,877	Entra ASA		41,758
	12,338	Europris ASA		38,556
	11,761	Frontline Ltd.(a)		97,680
	35,922	Grieg Seafood ASA		415,018
	7,112	Hexagon Composites ASA(a)		33,515
	8,291	Hoegh LNG Holdings, Ltd.		37,739
	8,021	Itera ASA		7,926
	91,141	Kongsberg Gruppen ASA		1,321,247
	27,615	Kvaerner ASA(a)		38,442
	5,087	Magnora ASA		4,723
	91,792	NEL ASA(a)		77,137
	11,195	Nordic Semiconductor ASA(a)		53,350
	997	Norway Royal Salmon ASA		21,566
	11,877	Norwegian Air Shuttle ASA(a)		49,770
	18,184	Norwegian Finans Holding ASA(a)		149,833
	39,311	Norwegian Property ASA		48,427
	10,970	Ocean Yield ASA		83,373
	20,567	Odfjell Drilling Ltd.(a)		71,319
	8,670	Odfjell SE - Class A(a)		28,391
	15,813	Olav Thon Eiendomsselskap ASA		291,315
	8,549	Otello Corp. ASA(a)		14,746
	80,700	Petroleum Geo-Services ASA(a)		179,138
	6,553	Prosafe SE(a)		12,353
	3,748	Protector Forsikring ASA(a)		25,444
	79,692	Salmar ASA		3,624,772
	8,988	Sbanken ASA		88,468
	5,320	Scatec Solar ASA		50,535

Shares			Value
NORWAY (continued)
	6,581	Selvaag Bolig ASA	$	37,362
	5,643	SpareBank 1 BV		24,016
	9,278	Sparebank 1 Oestlandet		92,545
	229,101	SpareBank 1 SR-Bank ASA		2,648,919
	201	Sparebanken More		7,249
	16,417	Spectrum ASA		106,167
	40,136	Storebrand ASA		339,202
	7,790	TGS Nopec Geophysical Co. ASA		203,699
	7,914,393	Thin Film Electronics ASA(a)		217,163
	6,808	Tomra Systems ASA		205,388
	9,900	Veidekke ASA		110,779
	1,468	Wilh Wilhelmsen Holding ASA		26,531
				27,533,455
PERU — 0.1%
	293,300	Cia de Minas Buenaventura SAA - ADR		4,754,393
	27,386	Hochschild Mining Plc		66,609
				4,821,002
PHILIPPINES — 0.0%
	35,900	Aboitiz Equity Ventures, Inc.		38,326
	22,500	Aboitiz Power Corp.		16,290
	390,200	Alliance Global Group, Inc.		112,034
	150,400	Bloomberry Resorts Corp.		36,785
	27,890	Cebu Air, Inc.		43,884
	133,952	China Banking Corp.		68,219
	225,500	Cosco Capital, Inc.		32,330
	131,300	DMCI Holdings, Inc.		28,126
	148,350	East West Banking Corp.(a)		33,132
	165,200	Emperador, Inc.		23,561
	44,200	Filinvest Development Corp.		12,723
	2,062,375	Filinvest Land, Inc.		60,936
	43,720	First Philippine Holdings Corp.		66,097
	730	Globe Telecom, Inc.		24,951
	870	GT Capital Holdings, Inc.		14,454
	63,226	Integrated Micro-Electronics, Inc.		12,621
	18,820	International Container Terminal Services, Inc.		45,658
	657,700	Lopez Holdings Corp.		60,814
	86,600	LT Group, Inc.		26,665
	11,600	Manila Water Co., Inc.		5,023
	33,500	Megawide Construction Corp.		14,338
	1,018,696	Megaworld Corp.		109,521
	352,300	Metro Pacific Investments Corp.		30,903
	26,580	Metropolitan Bank & Trust Co.		37,891
	444,000	Petron Corp.		52,804
	152,000	Philex Mining Corp.		9,044
	49,100	Phoenix Petroleum Philippines, Inc.		11,362
	19,870	Pilipinas Shell Petroleum Corp.		17,251
	38,600	Puregold Price Club, Inc.		31,070
	104,253	Rizal Commercial Banking Corp.		52,007

Shares			Value
PHILIPPINES (continued)
	210,207	Robinsons Land Corp.	$	98,760
	15,190	Robinsons Retail Holdings, Inc.		22,735
	13,571	Security Bank Corp.		46,884
	83,440	Semirara Mining & Power Corp.		38,189
	6	Top Frontier Investment Holdings, Inc.(a)		31
	161,290	Union Bank of Philippines, Inc.		188,601
	583,900	Vista Land & Lifescapes, Inc.		81,952
				1,605,972
POLAND — 0.2%
	2,959	Alior Bank SA(a)		45,574
	817	Amica SA		27,757
	348	Apator SA		2,358
	6,063	Asseco Poland SA		84,200
	552	Bank Handlowy w Warszawie SA		8,986
	29,732	Bank Millennium SA(a)		75,121
	965	Budimex SA		37,245
	1,070	CCC SA		58,194
	885	CD Projekt SA(a)		49,803
	2,430	Ciech SA		30,469
	14,875	Cyfrowy Polsat SA(a)		103,268
	1,360	Dino Polska SA(a)		45,157
	28,255	Enea SA(a)		56,571
	770,847	Energa SA(a)		1,513,660
	4,391	Eurocash SA		24,987
	7,502	Famur SA		9,542
	119	Grupa Azoty Zaklady Chemiczne Police SA		457
	1,643	Grupa Kety SA		148,992
	9,826	Grupa Lotos SA		214,089
	15,883	Impexmetal SA(a)		17,291
	1,298	Inter Cars SA		74,023
	2,436	Jastrzebska Spolka Weglowa SA(a)		37,085
	198,084	KGHM Polska Miedz SA(a)		5,348,354
	21,659	Lc Corp. SA		14,386
	32	LPP SA		71,751
	1,552	Lubelski Wegiel Bogdanka SA(a)		16,469
	23,981	Netia SA(a)		31,253
	17,977	Orange Polska SA(a)		23,247
	466	Pfleiderer Group SA		3,040
	943,371	PGE Polska Grupa Energetyczna SA(a)		2,348,555
	1,888	PKP Cargo SA(a)		22,050
	4,554	Polnord SA(a)		8,177
	1,383,131	Polskie Gornictwo Naftowe I Gazownictwo SA		2,103,286
	17,342	Stalexport Autostrady SA		15,817
	2,678,235	Tauron Polska Energia SA(a)		1,214,740
	1,885	Warsaw Stock Exchange		20,569
				13,906,523
PORTUGAL — 0.2%
	303,691	Altri SGPS SA		2,381,036

Shares			Value
PORTUGAL (continued)
	754,423	Banco Comercial Portugues SA(a)	$	211,762
	459,732	CTT-Correios de Portugal SA		1,303,686
	8,896	EDP - Energias de Portugal SA		33,757
	10,031	Jeronimo Martins SGPS SA		163,491
	22,362	Mota-Engil SGPS SA(a)		59,613
	716,597	Navigator Co. SA (The)		3,168,648
	530,950	NOS SGPS SA		3,568,448
	20,026	REN - Redes Energeticas Nacionais SGPS SA		57,322
	7,246	Semapa - Sociedade de Investimento e Gestao		118,889
	13,839	Sonae Capital SGPS SA		14,172
	1,231,974	Sonae SGPS SA		1,374,486
				12,455,310
PUERTO RICO — 0.1%
	139,500	Evertec, Inc.		4,367,745
	13,000	OFG Bancorp		262,339
				4,630,084
QATAR — 0.1%
	265,517	Barwa Real Estate Co.		2,529,721
	290,067	Doha Bank QPSC		1,729,463
				4,259,184
ROMANIA — 0.0%
	2,603	Nepi Rockcastle Plc		21,731
RUSSIA — 0.5%
	135,546	Centamin Plc		156,951
	8,467	Etalon Group PLC		15,695
	11,921	Evraz Plc		97,890
	3,038,052	Gazprom PJSC		7,720,385
	1,373,778	Gazprom PJSC - ADR		6,867,976
	4,316	Globaltrans Investment PLC		41,715
	7,805	Lenta Ltd.(a)		27,997
	53,129	Magnit Pjsc		3,062,259
	14,884	Magnitogorsk Iron & Steel Works PJSC		132,609
	2,324	Mail.Ru Group Ltd.(a)		53,607
	2,223	Novolipetsk Steel Pjsc		58,714
	583,363	Petropavlovsk Plc(a)		63,903
	1,292	Ros Agro PLC		14,810
	116,079,399	Rosseti Pjsc		1,920,103
	137,339,507	RusHydro PJSC		1,148,232
	5,614	Tmk Pjsc		20,559
	4,875,000	Truba Alam Manunggal Engineering PT(a)(b)		0
	646,955	Ubs Fujian Star-Net Communicat (Connect) Pnote(a)		2,334,298
	6,610	Uni Land SpA(a)(b)		0
	2,973,081,703	VTB Bank PJSC		1,634,646
	156,700	Yandex NV - Class A(a)		5,865,281
				31,237,630

Shares			Value
SAUDI ARABIA — 0.0%
	963,836	Dar Al Arkan Real Estate Development Co.	$	2,836,180
SINGAPORE — 0.3%
	752,300	Accordia Golf Trust - Units		334,881
	544,500	Asian Pay Television Trust - Units		69,723
	35,000	Banyan Tree Holdings, Ltd.		14,675
	21,700	Best World International Ltd.(b)		25,847
	25,000	BOC Aviation Ltd.		214,887
	7,400	Bonvests Holdings Ltd.		7,068
	25,598	Boustead Projects Ltd.		17,685
	48,229	Boustead Singapore Ltd.		28,551
	267,500	Breadtalk Group Ltd.		166,235
	31,600	Bukit Sembawang Estates Ltd.		132,401
	9,090	BW LPG Ltd.(a)		41,847
	461,700	China Aviation Oil Singapore Corp. Ltd.		466,207
	1,030,000	China Sunsine Chemical Holdings Ltd.		880,435
	90,000	Chip Eng Seng Corp. Ltd.		52,613
	225,900	CITIC Envirotech Ltd.		66,413
	57,800	ComfortDelGro Corp. Ltd.		114,484
	82,600	COSCO Shipping International Singapore Co. Ltd.(a)		21,614
	1,673,500	CSE Global Ltd.		646,242
	88,000	CW Group Holdings Ltd.(b)(c)		971
	41,300	Delfi Ltd.		41,058
	584,900	Ezion Holdings Ltd.(a)(b)(c)		18,492
	130,121	Far East Orchard Ltd.		121,587
	63,400	First Resources Ltd.		85,292
	164,000	Fragrance Group Ltd.		16,143
	15,000	Frasers Property Ltd.		20,527
	451,600	Frencken Group Ltd.		219,604
	123,200	Geo Energy Resources Ltd.		15,865
	224,800	GL Ltd.		131,423
	802,500	Golden Agri-Resources Ltd.		170,630
	58,000	GP Industries Ltd.		24,725
	54,866	Guocoland Ltd.		78,692
	89,200	Halcyon Agri Corp. Ltd.		34,102
	32,000	Hiap Hoe Ltd.		20,135
	462,000	Hi-P International Ltd.		497,087
	108,948	Ho Bee Land Ltd.		204,353
	285,340	Hong Fok Corp. Ltd.		185,981
	232,800	Hong Leong Asia Ltd.(a)		95,901
	14,700	Hong Leong Finance Ltd.		30,059
	9,000	Hour Glass Ltd. (The)		5,193
	76,000	Hyflux Ltd.(a)(c)		1,900
	41,000	IGG, Inc.		51,982
	129,600	Indofood Agri Resources Ltd.		26,703
	302,500	Japfa Ltd.		142,588
	1,285	Kenon Holdings Ltd./Singapore		25,227
	90,757	Keppel Infrastructure Trust - Units		31,697
	52,400	Koufu Group Ltd.		30,457
	135,400	Lian Beng Group Ltd.		52,264
	42,000	Low Keng Huat Singapore Ltd.		16,995

Shares			Value
SINGAPORE (continued)
	75,000	Lum Chang Holdings Ltd.	$	19,594
	690,300	Mapletree Commercial Trust, REIT		979,960
	400,600	Midas Holdings Ltd.(a)(b)(c)		10,603
	281,600	Olam International Ltd.		409,779
	68,690	OM Holdings Ltd.		49,453
	28,200	OUE Ltd.		36,507
	210,208	Oxley Holdings Ltd.		50,119
	69,500	Penguin International Ltd.		22,965
	84,970	QAF Ltd.		52,502
	38,775	Raffles Medical Group Ltd.		30,796
	394,700	RHT Health Trust - Units		5,221
	18,700	Riverstone Holdings Ltd./Singapore		14,147
	239,250	Roxy-Pacific Holdings Ltd.		70,402
	19,800	SATS Ltd.		76,152
	13,800	SBS Transit Ltd.		40,906
	159,600	Sembcorp Industries Ltd.		312,121
	41,500	Sembcorp Marine Ltd.(a)		52,170
	196,795	Sheng Siong Group Ltd.		149,067
	14,500	SIA Engineering Co. Ltd.		26,673
	456,600	Silverlake Axis Ltd.		174,572
	527,100	Sinarmas Land Ltd.		100,793
	503,200	Singapore Airlines Ltd.		3,585,467
	78,800	Singapore Post Ltd.		60,239
	174,000	Singapore Reinsurance Corp. Ltd.		37,730
	440,400	Stamford Land Corp. Ltd.		158,530
	24,100	StarHub Ltd.		27,483
	36,600	Sunningdale Tech Ltd.		36,097
	302,387	Tuan Sing Holdings Ltd.		86,703
	53,187	UMS Holdings Ltd.		28,604
	220,554	United Engineers Ltd.		410,395
	322,492	United Industrial Corp. Ltd.		751,114
	164,136	UOB-Kay Hian Holdings Ltd.		153,395
	31,611	UOL Group Ltd.		176,429
	68,500	Venture Corp. Ltd.		859,070
	30,300	Wing Tai Holdings Ltd.		45,726
	26,250	Xinghua Port Holdings Ltd.		3,993
	871	XP Power Ltd.		30,501
	620,500	Yanlord Land Group Ltd.		666,522
				15,501,941
SOUTH AFRICA — 0.5%
	3,451	Adcock Ingram Holdings Ltd.		15,921
	39,276	Advtech Ltd.		37,264
	16,012	Aeci Ltd.		107,022
	9,268	African Oxygen Ltd.		14,211
	13,666	African Rainbow Minerals Ltd.		162,788
	10,747	Afrimat Ltd.		22,929
	97,498	Alexander Forbes Group Holdings Ltd.		37,207
	12,771	Allied Electronics Corp. Ltd. - A Shares		18,403
	38,527	Alviva Holdings Ltd.		44,307
	190,980	Anglo American Platinum Ltd.		9,661,190

Shares			Value
SOUTH AFRICA (continued)
	53,538	AngloGold Ashanti Ltd.	$	636,988
	83,136	ArcelorMittal South Africa Ltd.(a)		17,721
	2,348	Aspen Pharmacare Holdings Ltd.		16,919
	1,860	Assore Ltd.		48,276
	3,359	Astral Foods Ltd.		42,615
	18,910	AVI Ltd.		121,535
	36,123	Barloworld Ltd.		322,668
	14,066	Bidvest Group Ltd. (The)		213,945
	446	Cashbuild Ltd.		8,193
	2,973	City Lodge Hotels Ltd.		25,001
	11,801	Clicks Group Ltd.		161,510
	23,729	Clover Industries Ltd.		37,938
	7,676	Coronation Fund Managers Ltd.		27,507
	21,103	DataTec Ltd.(a)		48,331
	3,467	Distell Group Holdings Ltd.		33,205
	4,981	EOH Holdings Ltd.(a)		7,119
	7,578	Equites Property Fund Ltd. REIT		10,817
	15,471	Exxaro Resources Ltd.		177,038
	3,858	Famous Brands Ltd.(a)		22,680
	6,653	Foschini Group Ltd. (The)		86,203
	168,854	Gold Fields Ltd.		636,363
	166,338	Grindrod Ltd.(a)		89,169
	34,961	Harmony Gold Mining Co. Ltd.(a)		59,899
	6,699	Hudaco Industries Ltd.		62,531
	1,986	Hulamin Ltd.		604
	6,285	Hyprop Investments Ltd. REIT		30,735
	1,144,043	Impala Platinum Holdings Ltd.(a)		4,600,994
	12,929	Imperial Logistics Ltd.		56,558
	42,100	Investec Plc		267,188
	1,926	JSE Ltd.		18,687
	52,054	KAP Industrial Holdings Ltd.		26,817
	5,751	Lewis Group Ltd.		12,610
	10,423	Liberty Holdings Ltd.		75,456
	76,436	Life Healthcare Group Holdings Ltd.		139,418
	5,279	Massmart Holdings Ltd.		34,818
	24,666	Mediclinic International Plc		110,519
	355,109	Merafe Resources Ltd.		33,933
	22,537	Metair Investments Ltd.		37,119
	111,479	MMI Holdings, Ltd.(a)		139,395
	16,444	Mpact Ltd.		27,278
	9,464	Mr Price Group Ltd.		143,428
	171,949	Murray & Roberts Holdings Ltd.		183,275
	60,253	Nampak Ltd.(a)		44,196
	60,971	Netcare Ltd.		102,630
	13,803	Northam Platinum Ltd.(a)		57,541
	6,814	Oceana Group Ltd.		33,291
	4,059	Omnia Holdings Ltd.		16,485
	24,031	Peregrine Holdings Ltd.		32,547
	16,287	Pick’n Pay Stores Ltd.		79,075
	5,508	Pioneer Foods Group Ltd.		33,172

Shares			Value
SOUTH AFRICA (continued)
	146,824	PPC Ltd.(a)	$	51,167
	5,246	PSG Group Ltd.		97,293
	12,027	Raubex Group Ltd.		18,294
	88,504	Redefine Properties Ltd. REIT		60,953
	3,765	Resilient REIT Ltd., REIT		14,895
	8,400	Reunert Ltd.		45,549
	7,777	Royal Bafokeng Platinum Ltd.(a)		18,420
	1,465	Santam Ltd.		34,369
	762,495	Sappi Ltd.		3,640,966
	3,684,870	Sibanye Gold Ltd.(a)		3,469,228
	8,610	Spar Group Ltd. (The)		116,902
	9,522	Sun International Ltd.(a)		36,480
	81,592	Super Group Ltd.(a)		210,188
	35,534	Telkom SA SOC Ltd.		211,490
	5,002	Tiger Brands Ltd.		87,006
	3,369	Tongaat Hulett Ltd.		5,038
	24,737	Transaction Capital Ltd.		33,069
	14,987	Trencor Ltd.		26,544
	17,772	Truworths International Ltd.		94,231
	50,361	Tsogo Sun Holdings Ltd.		75,805
	2,815	Wilson Bayly Holmes-Ovcon Ltd.		22,206
	40,512	Woolworths Holdings Ltd.		135,260
				27,878,535
SOUTH KOREA — 1.3%
	1,493	Able C&C Co. Ltd.(a)		16,829
	3,445	Aekyung Petrochemical Co. Ltd.		26,978
	781	AfreecaTV Co. Ltd.(a)		42,760
	1,836	Aj Networks Co. Ltd.(a)		9,624
	3,147	AJ Rent A Car Co. Ltd.(a)		30,221
	706	AK Holdings, Inc.		31,232
	4,880	ALUKO Co. Ltd.(a)		11,274
	1,630	Amotech Co. Ltd.(a)		33,125
	6,930	Anam Electronics Co. Ltd.(a)		16,322
	230	Asia Cement Co. Ltd.(a)		19,987
	230	ASIA Holdings Co. Ltd.(a)		25,318
	962	Asia Paper Manufacturing Co. Ltd.(a)		35,135
	16,835	Asiana Airlines, Inc.(a)		95,413
	2,350	Autech Corp.(a)		23,147
	2,934	Baiksan Co. Ltd.(a)		22,825
	3,264	BGF retail Co. Ltd.		23,031
	140	BGF retail Co. Ltd.		26,220
	1,524	BH Co. Ltd.(a)		25,757
	295	Binggrae Co. Ltd.(a)		18,626
	32,432	BNK Financial Group, Inc.		194,626
	1,549	Bookook Securities Co. Ltd.(a)		28,390
	6,025	Boryung Pharmaceutical Co. Ltd.(a)		67,442
	1,158	Bukwang Pharmaceutical Co. Ltd.		18,222
	4,103	Capro Corp.(a)		16,161
	501	Cell Biotech Co. Ltd.		12,966

Shares			Value
SOUTH KOREA (continued)
	3,758	Cheil Worldwide, Inc.	$	81,988
	396	Chong Kun Dang Pharmaceutical Corp.(a)		34,593
	409	Chongkundang Holdings Corp.(a)		26,723
	1,068	CJ CGV Co. Ltd.		39,322
	843	CJ CheilJedang Corp.(a)		227,422
	1,303	CJ Corp.		133,268
	93	CJ Corp. - Preference Shares(a)(b)(c)		2,919
	804	Cj Freshway Corp.		20,936
	3,726	CJ Hello Co. Ltd.		27,605
	333	CJ Logistics Corp.(a)		44,964
	504	CJ O Shopping Co. Ltd.(a)		94,575
	622	CKD Bio Corp.(a)		13,108
	400	Com2uSCorp.		34,201
	251	Cosmax, Inc.(a)		29,820
	1,022	Cosmoam&T Co. Ltd.(a)		12,353
	426	Coson Co. Ltd.(a)		3,426
	637	Crown Confectionery Co. Ltd.(a)		5,477
	1,379	Crown Haitai Holdings Co. Ltd.(a)		14,086
	1,323	Cymechs, Inc./Korea		12,801
	4,684	D.I Corp.(a)		18,731
	4,227	Dae Dong Industrial Co. Ltd.(a)		21,362
	1,110	Dae Hwa Pharmaceutical Co. Ltd.		18,721
	14,862	Dae Won Kang Up Co. Ltd.		65,133
	12,386	Daea TI Co. Ltd.		64,375
	4,839	Dae-Il Corp.(a)		26,171
	3,396	Daelim Industrial Co. Ltd.(a)		281,782
	2,871	Daesang Corp.(a)		65,303
	4,103	Daesang Holdings Co. Ltd.(a)		28,769
	2,247	Daesung Industrial Co. Ltd.(a)		10,506
	1,178	Daewon Pharmaceutical Co. Ltd.		17,813
	8,194	Daewon San Up Co. Ltd.(a)		47,699
	354,193	Daewoo Engineering & Construction Co. Ltd.(a)		1,530,739
	47,998	Daewoo Securities Co. Ltd.(a)		321,221
	2,186	Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)		54,484
	7,695	Daewoong Co. Ltd.(a)		142,769
	183	Daewoong Pharmaceutical Co. Ltd.(a)		31,871
	5,223	Daishin Securities Co. Ltd.(a)		57,080
	5,636	Danal Co. Ltd.(a)		16,226
	594	Danawa Co. Ltd.(a)		11,766
	1,525	Dawonsys Co. Ltd.(a)		21,593
	6,210	DB HiTek Co Ltd.		85,103
	5,784	DB Insurance Co. Ltd.		338,856
	375	Dentium Co. Ltd.(a)		22,949
	5,479	Deutsch Motors, Inc.(a)		36,784
	22,349	DGB Financial Group, Inc.		161,107
	887	Dio Corp(a)		29,979
	1,833	DMS Co. Ltd.(a)		8,896

Shares			Value
SOUTH KOREA (continued)
	2,814	Dong Ah Tire & Rubber Co. Ltd.(a)	$	31,559
	215	Dong-A ST Co. Ltd.(a)		18,790
	1,950	Dong-Ah Geological Engineering Co. Ltd.(a)		30,457
	6,854	Dongbu Securities Co. Ltd.(a)		30,028
	305	Dong-IL Corp.(a)		26,084
	3,239	Dongjin Semichem Co. Ltd.(a)		31,293
	665	DongKook Pharmaceutical Co. Ltd.		32,827
	10,327	Dongkuk Steel Mill Co. Ltd.(a)		66,874
	927	Dongsuh Cos., Inc.		15,532
	10,738	Dongwon Development Co. Ltd.		43,708
	54	Dongwon F&B Co. Ltd.		11,435
	264	Dongwon Industries Co. Ltd.		60,399
	3,000	Doosan Bobcat, Inc.		82,263
	560	Doosan Corp.		49,234
	12,766	Doosan Heavy Industries & Construction Co. Ltd.(a)		76,511
	350,367	Doosan Infracore Co. Ltd.(a)		2,183,008
	781	Doubleugames Co. Ltd.		50,480
	2,732	DRB Holding Co. Ltd.		15,084
	412	DTR Automotive Corp.(a)		12,314
	1,169	Duozone Bizon Co. Ltd.		57,272
	4,090	DY Corp.		20,387
	2,154	DY POWER Corp.		29,106
	174	e Tec E&C Ltd.(a)		16,498
	153	E1 Corp.		8,423
	6,197	Eagon Holdings Co. Ltd.(a)		16,544
	1,587	Eagon Industrial Ltd.(a)		14,064
	4,965	Easy Bio, Inc.(a)		34,386
	803	Ecopro Co. Ltd.(a)		18,734
	2,120	E-Mart Co. Ltd.		312,662
	1,478	EM-Tech Co. Ltd.		21,312
	998	ENF Technology Co. Ltd.		16,248
	564	Eo Technics Co. Ltd.(a)		34,309
	11,176	Eugene Investment & Securities Co. Ltd.(a)		26,243
	2,306	Eugene Technology Co. Ltd.		27,538
	4,135	Eusu Holdings Co. Ltd.(a)		31,328
	936	F&F Co. Ltd.(a)		65,302
	1,549	Fila Korea Ltd.(a)		109,548
	1,087	Fine Semitech Corp.		7,357
	3,565	Foosung Co. Ltd.(a)		24,518
	779	Genie Music Corp.(a)		3,021
	667	Golfzon Co. Ltd.(a)		24,968
	2,412	Grand Korea Leisure Co. Ltd.		48,056
	19,172	Green Cross Corp.		2,367,265
	1,306	Green Cross Holdings Corp.		27,261
	137,943	GS Engineering & Construction Corp.		4,799,489
	9,123	GS Global Corp.		20,781
	7,417	GS Holdings Corp.		330,537
	1,099	GS Retail Co. Ltd.		36,880
	178	Gwangju Shinsegae Co. Ltd.		30,136

Shares			Value
SOUTH KOREA (continued)
	700	Haesung Ds Co. Ltd.(a)	$	9,361
	2,861	Halla Corp.(a)		9,961
	546	Halla Holdings Corp.		20,706
	107,184	Hana Financial Group, Inc.		3,380,664
	5,944	Hana Micron, Inc.(a)		27,060
	388	Hana Tour Service, Inc.		21,383
	1,536	Hancom, Inc.(a)		17,378
	1,011	Handsome Co. Ltd.		37,085
	2,580	Hanjin Kal Corp.(a)		81,785
	280	Hanjin Transportation Co. Ltd.(a)		10,131
	76	Hankook Shell Oil Co. Ltd.		20,970
	9,880	Hankook Tire Co. Ltd.(a)		336,176
	106	Hanmi Pharm Co. Ltd.(a)		39,500
	335	Hanmi Science Co. Ltd.(a)		21,605
	3,807	Hanmi Semiconductor Co. Ltd.		30,181
	5,310	Hanon Systems		57,098
	978	Hansae Co. Ltd.		24,261
	1,513	Hansae Yes24 Holdings Co. Ltd.		12,510
	1,819	Hanshin Construction Co. Ltd.(a)		28,420
	634	Hansol Chemical Co. Ltd.		46,470
	3,195	Hansol Holdings Co. Ltd.(a)		12,769
	16,438	Hansol HomeDeco Co. Ltd.(a)		20,676
	3,882	Hansol Paper Co. Ltd.		49,692
	3,201	Hansol Technics Co. Ltd.(a)		17,174
	524	Hanssem Co. Ltd.(a)		46,249
	12,707	Hanwha Chemical Corp.(a)		224,565
	6,639	Hanwha Corp.(a)		168,446
	195	Hanwha Galleria Timeworld Co. Ltd.(a)		5,093
	12,834	Hanwha General Insurance Co. Ltd.(a)		55,254
	16,802	Hanwha Investment & Securities Co. Ltd.(a)		33,976
	47,109	Hanwha Life Insurance Co. Ltd.(a)		161,056
	1,369	Hanwha Techwin Co. Ltd.(a)		36,238
	2,960	Hanyang Eng Co. Ltd.		39,720
	2,836	Harim Holdings Co. Ltd.		32,612
	1,738	HDC Hyundai Engineering Plastics Co. Ltd.(a)		8,297
	7,210	Heungkuk Fire & Marine Insurance Co., Ltd.(a)		30,311
	3,133	Hite Jinro Co. Ltd.(a)		54,476
	2,548	HMC Investment Securities Co. Ltd.		22,229
	1,530	Hotel Shilla Co. Ltd.		150,956
	5,644	HS Industries Co. Ltd.(a)		51,477
	6,474	HS R&A Co. Ltd.(a)		12,348
	1,564	Huchems Fine Chemical Corp.		29,317
	67	Hugel, Inc.(a)		23,816
	562	Huons Co. Ltd.		30,981
	2,944	Huons Global Co. Ltd.		103,622
	1,576	Huvis Corp.(a)		10,946

Shares			Value
SOUTH KOREA (continued)
	2,600	Hwangkum Steel & Technology Co. Ltd.(a)	$	19,689
	1,316	Hy-Lok Corp.		22,211
	425	Hyosung Chemical Corp.(a)		50,376
	2,903	Hyundai BNG Steel Co. Ltd.(a)		25,512
	40,341	Hyundai Construction Equipment Co. Ltd.		1,694,752
	870	Hyundai Corp.		17,434
	39,224	Hyundai Department Store Co. Ltd.		3,410,831
	2,299	Hyundai Development Co-Engineering & Construction(a)		33,901
	26,288	Hyundai Electric & Energy System Co. Ltd.(a)		532,286
	577	Hyundai Elevator Co. Ltd.(a)		42,491
	109,514	Hyundai Engineering & Construction Co. Ltd.(a)		4,927,401
	1,807	Hyundai Glovis Co. Ltd.		247,196
	3,301	Hyundai Greenfood Co. Ltd.		39,442
	1,755	Hyundai Livart Furniture Co. Ltd.		31,456
	7,586	Hyundai Marine & Fire Insurance Co. Ltd.		248,291
	897	Hyundai Rotem Co. Ltd.(a)		16,645
	1,245	Hyundai Wia Corp.(a)		53,268
	899	Hyvision System, Inc.(a)		8,629
	3,262	ICD Co. Ltd.		28,357
	6,080	IHQ, Inc.		11,975
	792	Il Dong Pharmaceutical Co. Ltd.(a)		15,151
	5,139	Iljin Display Co. Ltd.(a)		23,526
	2,212	Iljin Electric Co. Ltd.(a)		6,705
	662	Iljin Materials Co. Ltd.(a)		21,235
	540	Ilyang Pharmaceutical Co. Ltd.(a)		12,979
	1,171	InBody Co. Ltd.(a)		22,219
	245,714	Industrial Bank of Korea(a)		2,979,568
	2,198	Innox Advanced Materials Co., Ltd.(a)		99,386
	4,639	Inscobee, Inc.(a)		16,827
	2,081	IS Dongseo Co. Ltd.(a)		64,788
	1,144	i-SENS, Inc.		24,022
	1,301	Jahwa Electronics Co. Ltd.(a)		14,526
	2,946	Jastech Ltd.(a)		28,297
	2,907	JB Financial Group Co. Ltd.		14,165
	7,377	Jcontentree Corp.(a)		35,674
	861	Jeju Air Co. Ltd.		30,144
	3,377	Jusung Engineering CO Ltd(a)		23,720
	1,283	JW Pharmaceutical Corp.		40,363
	1,661	JYP Entertainment Corp.		42,459
	1,281	Kangwon Land, Inc.(a)		37,317
	2,527	Kaon Media Co. Ltd.(a)		22,056
	81,383	KB Financial Group Inc.		3,213,439
	2,623	KC Co. Ltd.(a)		36,537
	1,052	KEPCO Engineering & Construction Co., Inc.(a)		20,543

Shares			Value
SOUTH KOREA (continued)
	824	KEPCO Plant Service & Engineering Co. Ltd.(a)	$	25,864
	3,003	Keyang Electric Machinery Co. Ltd.(a)		9,987
	2,361	KG Chemical Corp.(a)		29,132
	2,847	Kginicis Co. Ltd.		34,896
	4,335	KGMobilians Co. Ltd.		26,792
	1,590	KIWOOM Securities Co. Ltd.(a)		112,167
	964	Koentec Co. Ltd.(a)		9,381
	556	Koh Young Technology, Inc.		46,028
	1,469	Kolmar BNH Co. Ltd.(a)		36,412
	632	Kolmar Korea Co Ltd.(a)		40,124
	507	Kolmar Korea Holdings Co. Ltd.(a)		15,765
	440	Kolon Corp.(a)		10,288
	2,513	Kolon Industries, Inc.(a)		99,637
	610	Kolon Life Science, Inc.(a)		21,956
	5,608	Korea Asset In Trust Co. Ltd.		20,373
	1,723	Korea Autoglass Corp.		29,521
	122,296	Korea Electric Power Corp.(a)		2,960,608
	809	Korea Electric Terminal Co. Ltd.		40,243
	579	Korea Gas Corp.(a)		22,866
	536	Korea Information & Communications Co. Ltd.(a)		4,178
	5,031	Korea Investment Holdings Co. Ltd.(a)		295,347
	2,885	Korea Line Corp.(a)		59,202
	573	Korea PetroChemical Ind Co. Ltd.(a)		73,765
	17,755	Korea Real Estate Investment & Trust Co. Ltd.		39,576
	1,041	Korea United Pharm, Inc.(a)		23,453
	6,053	Korean Air Lines Co. Ltd.(a)		171,908
	11,209	Korean Reinsurance Co.		87,519
	2,714	Kortek Corp.		35,555
	350	KPX Chemical Co. Ltd.		16,947
	2,891	KT Skylife Co. Ltd.		29,208
	12,081	KTB Investment & Securities Co. Ltd.(a)		32,810
	3,749	KTCS Corp.		7,707
	700	Kukdo Chemical Co. Ltd.(a)		27,703
	2,347	Kumho Petrochemical Co. Ltd.		184,796
	6,035	Kumho Tire Co. Inc.(a)		23,364
	5,317	Kwang Dong Pharmaceutical Co. Ltd.(a)		33,524
	1,610	Kyeryong Construction Industrial Co. Ltd.		34,754
	4,479	Kyobo Securities Co. Ltd.		39,877
	1,118	Kyongbo Pharmaceutical Co. Ltd.(a)		9,816
	682	Kyung Dong Navien Co. Ltd.		30,295
	2,747	Kyungbang Ltd.(a)		26,316
	3,492	Kyungdong Pharm Co. Ltd.		32,760
	560	L&F Co. Ltd.		14,416
	3,000	LB Semicon, Inc.(a)		21,069
	7,239	Leadcorp Inc (The)		37,993
	682	LEENO Industrial, Inc.		33,399

Shares			Value
SOUTH KOREA (continued)
	2,818	LF Corp.	$	60,180
	53,470	LG Electronics, Inc.		3,474,059
	210	LG Hausys Ltd.		10,934
	1,690	LG Innotek Co. Ltd.		177,275
	4,149	LG International Corp.		67,622
	12,147	LG Uplus Corp.		148,791
	1,254	Lock & Lock Co. Ltd.(a)		18,384
	23	Lotte Chilsung Beverage Co. Ltd.(a)(b)		34,082
	2,654	LOTTE Fine Chemical Co. Ltd.		109,390
	96	Lotte Food Co. Ltd.(a)		51,834
	1,351	LOTTE Himart Co. Ltd.		54,986
	9,809	Lotte Non-Life Insurance Co. Ltd.(a)		23,140
	409	Lotte Shopping Co. Ltd.(a)		62,445
	2,178	LS Corp.		92,476
	1,913	LS Industrial Systems Co. Ltd.		78,855
	7,515	Macquarie Korea Infrastructure Fund		72,387
	3,810	Mando Corp.		109,077
	1,288	Mcnex Co. Ltd.(a)		23,696
	220	Medy-Tox, Inc.		105,506
	377	MegaStudyEdu Co. Ltd.(a)		13,331
	7,186	Meritz Financial Group, Inc.		81,344
	3,306	Meritz Fire & Marine Insurance Co. Ltd.		67,334
	41,376	Meritz Securities Co. Ltd.		179,571
	2,704	MiCo Ltd.		15,126
	15,866	Mirae Asset Life Insurance Co. Ltd.(a)		71,992
	1,001	Modetour Network, Inc.(a)		19,229
	5,297	Moorim P&P Co. Ltd.(a)		27,705
	7,421	Moorim Paper Co. Ltd.(a)		22,803
	1,740	Namhae Chemical Corp.(a)		16,019
	434	Neopharm Co. Ltd.(a)		20,144
	708	Neowiz(a)		7,935
	3,085	NEPES Corp.(a)		54,517
	7,239	Nexen Corp.		39,441
	2,044	Nexen Tire Corp.		17,616
	15,622	NH Investment & Securities Co. Ltd.(a)		184,315
	1,051	NHN KCP Corp.		12,895
	2,870	NICE Holdings Co. Ltd.(a)		54,938
	1,136	Nice Information & Telecommunication, Inc(a)		20,749
	3,006	NICE Information Service Co. Ltd.(a)		36,030
	2,683	NICE Total Cash Management Co. Ltd.(a)		23,091
	127	NongShim Co. Ltd.		30,515
	454	Noroo Holdings Co. Ltd.(a)		4,958
	2,740	NPC(a)		9,350
	46,130	OCI Co. Ltd.(a)		3,680,062
	3,642	OPTRON-TEC, Inc.		20,382
	431	Orion Corp./Republic Of Korea(a)		35,755
	1,868	Orion Holdings, Corp.(a)		30,577

Shares			Value
SOUTH KOREA (continued)
	505	Osstem Implant Co. Ltd.(a)	$	25,035
	53	Ottogi Corp.(a)		32,929
	4,424	Paik Kwang Industrial Co. Ltd.(a)		11,487
	15,220	Pan Ocean Co. Ltd.(a)		62,153
	5,134	Pan-Pacific Co. Ltd.		12,918
	1,952	Paradise Co. Ltd.(a)		31,070
	4,914	Partron Co. Ltd.		58,427
	162	Pearl Abyss Corp.(a)		24,204
	2,784	Poongsan Corp.		66,399
	776	POSCO Chemical Co. Ltd.		38,231
	4,494	Posco ICT Co. Ltd.		22,060
	6,913	Posco International Corp.		108,384
	4,870	Power Logics Co. Ltd.(a)		44,980
	1,912	Protec Co. Ltd.(a)		33,193
	4,647	PSK, Inc.(a)(b)(c)		65,241
	180	Pulmuone Co. Ltd.(a)(b)		19,878
	1,772	S&T Motiv Co. Ltd.		57,840
	44,231	S-1 Corp.		3,712,167
	393	Sajo Industries Co. Ltd.(a)		19,849
	851	Sam Chun Dang Pharm Co. Ltd.		33,470
	1,203	Sam Yung Trading Co. Ltd.(a)		16,433
	2,523	Sambo Motors Co. Ltd.(a)		15,282
	5,492	Samick Musical Instruments Co. Ltd.		10,467
	1,859	Samick THK Co. Ltd.		22,879
	2,847	Samji Electronics Co. Ltd.(a)		26,371
	574	Samjin Pharmaceutical Co. Ltd.		19,236
	1,210	Sammok S-Form CO Ltd(a)		14,405
	3,371	Samsung Card Co. Ltd.		107,168
	335,177	Samsung Engineering Co. Ltd.(a)		4,896,378
	26,742	Samsung Heavy Industries Co. Ltd.(a)		188,615
	26,630	Samsung SDS Co. Ltd.		4,951,949
	7,839	Samsung Securities Co. Ltd.		239,561
	15,416	SAMT Co. Ltd.(a)		24,293
	535	Samwha Capacitor Co. Ltd.		27,454
	378	Samyang Corp.		19,904
	426	Samyang Foods Co. Ltd.		28,837
	580	Samyang Holdings, Corp.(a)		39,907
	10,570	Savezone I&C Corp.(a)		34,842
	12,045	S-Connect Co. Ltd.(a)		20,580
	2,543	Seah Besteel Corp.(a)		42,773
	485	SeAH Holdings Corp.		40,132
	543	SeAH Steel Holdings Corp.(a)		26,052
	2,394	Sebang Co. Ltd.(a)		29,961
	1,617	Sebo Manufacturing Engineer Corp.(a)		14,885
	1,369	Seegene, Inc.(a)		27,583
	2,419	Sekonix CO Ltd(a)		15,624
	364	Seobu T&D(a)		3,260
	12,974	Seohan Co. Ltd.(a)		19,784
	2,675	Seoul Semiconductor Co. Ltd.(a)		43,992

Shares			Value
SOUTH KOREA (continued)
	1,713	SFA Engineering Corp.	$	61,622
	1,034	SFA Semicon Co. Ltd.(a)		2,177
	273	Shindaeyang Paper Co. Ltd.(a)		19,402
	940	Shinsegae Co. Ltd.		273,916
	464	Shinsegae Engineering & Construction Co. Ltd.		12,162
	244	Shinsegae Food Co. Ltd.		18,775
	139	Shinsegae International, Inc.		37,458
	9,563	Shinsung E&G Energy Co. Ltd.(a)		9,587
	806	Silicon Works Co. Ltd.		33,657
	2,858	SIMMTECH Co. Ltd.(a)		16,793
	642	SK Bioland Co. Ltd.		9,788
	907	SK Discovery Co. Ltd.		23,606
	248	SK Gas Ltd.		18,214
	332	SK Materials Co. Ltd.		48,956
	500,344	SK Networks Co. Ltd.		2,510,648
	50,607	SK Securities Co. Ltd.(a)		30,740
	2,802	SKC Co. Ltd.		85,795
	1,591	SKCKOLONPI, Inc.(a)		41,394
	2,440	SL Corp.(a)		50,777
	602	SM Entertainment Co.(a)		21,348
	4,340	Solid, Inc.(a)		16,191
	2,175	Songwon Industrial Co. Ltd.(a)		37,280
	1,433	Soulbrain Co. Ltd.		61,801
	134	SPC Samlip Co. Ltd.(a)		15,421
	4,928	Ssangyong Cement Industrial Co. Ltd.		24,343
	5,404	Ssangyong Motor Co.(a)		24,469
	1,302	Suheung Co. Ltd.		30,239
	1,349	Sun Kwang Co. Ltd.(a)		20,749
	2,270	Sung Kwang Bend Co. Ltd.(a)		22,664
	5,975	Sungchang Enterprise Holdings Ltd.(a)		10,719
	2,957	Sungshin Cement Co. Ltd.(a)		25,026
	10,772	Sungwoo Hitech Co. Ltd.(a)		44,947
	67	Suprema, Inc.(a)		1,709
	2,784	Systems Technology, Inc.		36,654
	3,467	Tae Kyung Industrial Co. Ltd.		17,369
	5,742	Taeyoung Engineering & Construction Co. Ltd.(a)		62,843
	4,737	Tailim Packaging Co. Ltd.(a)		21,781
	2,118	Techwing, Inc.		26,507
	2,038	TES Co Ltd.		31,861
	1,795	Texcell-Netcom Co. Ltd.(a)		29,649
	5,795	TK Chemical Corp.(a)		13,690
	753	Tokai Carbon Korea Co. Ltd.		39,968
	8,545	Tongyang Life Insurance Co. Ltd.		33,176
	4,967	Top Engineering Co. Ltd.(a)		36,317
	1,855	Toptec Co. Ltd.(a)		16,122
	4,916	Tovis Co. Ltd.		29,435
	1,046	Unid Co. Ltd.		45,057
	4,676	Union Semiconductor Equipment & Materials Co. Ltd.(a)		22,972

Shares			Value
SOUTH KOREA (continued)
	2,607	UniTest, Inc.	$	35,149
	754	Vieworks Co. Ltd.		20,593
	1,082	Vitzrocell Co. Ltd.(a)		10,345
	1,434	Webzen Inc(a)		22,840
	2,949	WiSoL Co. Ltd.		45,244
	8,940	Wonik Holdings Corp.(a)		38,016
	3,348	Wonik IPS Co. Ltd.(a)		80,161
	1,292	Wonik Materials Co. Ltd.(a)		26,261
	1,325	Wonik QnC Corp.(a)		16,017
	246,475	Woori Financial Group, Inc.		2,922,295
	4,070	Y G-1 Co. Ltd.		39,081
	3,685	Yearimdang Publishing Co. Ltd.(a)		19,023
	4,119	Yong Pyong Resort Co. Ltd.(a)		25,184
	2,162	Youlchon Chemical Co. Ltd.		26,402
	49	Young Poong Corp.(a)		32,520
	3,091	Youngone Corp.(a)		97,786
	764	Youngone Holdings Co. Ltd.(a)		42,523
	16,555	Yuanta Securities Korea Co. Ltd.(a)		47,142
	247	Yuhan Corp.(a)		51,963
	3,045	Yuyang DNU Co. Ltd.(a)		21,138
	2,552	Zeus Co. Ltd.		34,900
				78,510,868
SPAIN — 0.5%
	13,957	Acciona SA		1,618,751
	28,106	Acerinox SA		292,738
	346,657	Almirall SA		5,594,084
	85,572	Amper SA(a)		25,632
	3,400	AmRest Holdings SE(a)		36,708
	351,163	Applus Services SA		4,413,048
	11,724	Atresmedia Corp. de Medios de Comunicaion SA		63,325
	2,752	Azkoyen SA		24,490
	107,451	Banco de Sabadell SA		125,109
	80,538	Bankia SA		223,064
	67,712	Bankinter SA		541,238
	6,859	Bolsas y Mercados Espanoles SHMSF SA		194,824
	20,024	Caja de Ahorros del Mediterraneo(a)(b)		0
	18,189	Cellnex Telecom SA		560,297
	38,690	Cia de Distribucion Integral Logista Holdings SA		917,920
	3,416	Cie Automotive SA		95,468
	9,684	Cominar Real Estate Investment Trust, REIT		104,339
	2,513	Construcciones y Auxiliar de Ferrocarriles SA		118,518
	35,386	Deoleo SA(a)		2,230
	929	Dinamia Capital Privado Sociedad de Capital Riesgo SA		16,144
	8,075	Ebro Foods SA		170,448
	69,192	EDP Renovaveis SA		688,028
	12,435	eDreams ODIGEO SA(a)		43,610

Shares			Value
SPAIN (continued)
	14,311	Elecnor SA	$	193,012
	111,004	Enagas SA		3,166,439
	21,838	Ence Energia y Celulosa SA		117,670
	33,047	Ercros SA		112,802
	29,804	Euskaltel SA		280,052
	17,386	Faes Farma SA		79,794
	2,298	Fluidra SA(a)		25,141
	8,488	Fomento de Construcciones y Contratas SA(a)		104,080
	7,616	Global Dominion Access Sa(a)		40,720
	13,223	Grupo Catalana Occidente SA		499,081
	47,660	Grupo Ezentis SA(a)		28,564
	1,924	Iberpapel Gestion SA		66,713
	9,320	Indra Sistemas SA(a)		109,917
	1,502	Laboratorios Farmaceuticos Rovi SA		31,030
	937,258	Liberbank SA(a)		415,791
	127,343	Mapfre SA		382,564
	3,864	Masmovil Ibercom SA(a)		84,709
	278,210	Mediaset Espana Comunicacion SA		2,157,558
	216,874	Melia Hotels International SA		2,149,614
	3,647	Miquel y Costas & Miquel SA		64,714
	13,764	Natra SA(a)		13,863
	1,099	Parques Reunidos Servicios Centrales SAU		17,099
	214,297	Pharma Mar SA(a)		507,582
	1,765	Prim SA		22,277
	20,281	Prosegur Cia de Seguridad SA		105,534
	20,598	Quabit Inmobiliaria SA(a)		28,382
	12,161	Realia Business SA(a)		12,967
	13,619	Red Electrica Corp. SA		282,648
	103,286	Sacyr SA		253,576
	9,426	Siemens Gamesa Renewable Energy SA(a)		169,296
	5,485	Solaria Energia y Medio Ambiente SA(a)		32,028
	9,635	Talgo SA(a)		63,647
	1,445	Tecnicas Reunidas SA		43,154
	4,358	Telepizza Group SA		29,384
	25,052	Tubacex SA		77,873
	16,134	Unicaja Banco Sa		18,592
	4,198	Vidrala SA		394,210
	2,388	Viscofan SA		143,663
	34,839	Vocento SA(a)		55,482
	15,735	Zardoya Otis SA		127,181
				28,378,416
SWEDEN — 1.1%
	8,497	Aak Ab		138,108
	8,404	AcadeMedia AB(a)		47,823
	1,972	Addlife AB		52,904
	13,643	AddNode Group AB		207,638
	6,047	AddTech AB - Class B		147,080
	16,626	AF POYRY AB - B Shares		310,176
	2,380	Alimak Group AB		39,921

Shares			Value
SWEDEN (continued)
	722,700	Arjo AB - B Shares	$	2,682,831
	40,636	Atrium Ljungberg AB - Class B		663,271
	3,481	Attendo AB		18,968
	75,515	Avanza Bank Holding AB		604,844
	50,647	Axfood AB		929,655
	578	BE Group AB(a)		2,582
	9,168	Beijer Alma Ab		128,915
	8,503	Beijer Electronics AB(a)		48,751
	12,233	Beijer Ref AB		258,774
	8,577	Bergman & Beving AB - Class B		91,538
	910	Besqab Ab		8,487
	61,952	Betsson Ab		470,263
	408,565	Bilia AB - A Shares		3,506,284
	38,422	BillerudKorsnas AB		522,304
	10,734	BioGaia AB - Class B		520,713
	3,126	Biotage AB		42,422
	1,799	Bonava AB		22,772
	37,813	Bonava AB - Class B		481,531
	18,615	Bravida Holding AB		163,041
	10,715	Bufab AB		121,509
	4,230	Bulten AB		35,768
	36,677	Bure Equity AB		681,860
	37,343	Byggmax Group AB(a)		166,879
	6,297	Castellum AB		113,217
	23,316	Catena AB		600,103
	18,117	Cellavision AB		606,149
	428,925	Cloetta AB - B Shares		1,310,056
	8,618	Coor Service Management Holding AB		74,499
	191,441	Dios Fastigheter AB		1,362,852
	23,359	Dometic Group AB		213,402
	13,750	Doro AB(a)		54,944
	7,171	Duni AB		88,533
	11,660	Dustin Group AB		104,510
	3,235	Eastnine AB		36,912
	5,106	Elanders AB - B Shares		48,108
	692,896	Elekta AB - Class B		8,218,429
	14,634	Enea AB(a)		235,982
	25,843	Eolus Vind Ab - Class B		147,167
	1,232	eWork Group AB		10,949
	6,847	Fabege AB		95,103
	3,765	Fagerhult AB		32,159
	121,441	Fastighets AB Balder - Class B(a)		3,841,535
	9	Fastpartner Ab		65
	4,622	Ferronordic Machines AB		76,387
	40,413	Fingerprint Cards AB - Class B(a)		59,433
	32,045	FormPipe Software AB		75,839
	5,991	Fortnox AB		71,661
	8,541	G5 Entertainment AB		86,115
	557,853	Getinge AB - B Shares		7,859,700
	38,747	Global Gaming 555 AB		29,875
	20,231	Granges AB		219,658
	16,737	Gunnebo AB		44,350

Shares			Value
SWEDEN (continued)
	6,177	Haldex AB	$	47,494
	5,659	Hemfosa Fastigheter AB		46,830
	15,125	Hexpol AB		118,142
	21,967	HIQ International AB		123,562
	2,022	Hms Networks Ab		36,818
	10,032	Holmen AB		210,973
	3,392	Hufvudstaden AB - Class A		56,522
	45,568	Humana Ab		288,268
	32,916	Husqvarna AB - B Shares		300,536
	3,044	Husqvarna AB - Class A		27,999
	6,904	Indutrade AB		211,088
	93,614	Instalco Intressenter AB		848,559
	23,392	Intrum Justitia AB		595,662
	32,992	Inwido AB		217,783
	13,010	JM AB		247,818
	34,914	KappAhl AB		63,862
	17,171	Klovern AB - B Shares		23,239
	10,434	KNOW IT AB		245,875
	66,279	Kungsleden AB		503,597
	5,791	Lagercrantz Group AB - B Shares		70,543
	1,932	Lifco AB - B Shares		92,024
	2,290	Lime Technologies AB		30,620
	211,757	Lindab International AB		2,388,614
	42,926	Loomis AB - Class B		1,588,146
	14,053	Maha Energy AB(a)		34,885
	3,904	Medivir AB - Class B(a)		7,231
	3,595	Mekonomen AB(a)		26,270
	30,625	Moberg Pharma AB(a)		219,195
	8,224	Momentum Group AB - Class B		85,033
	6,683	Mycronic AB		93,826
	5,004	Nederman Holding Ab		63,229
	482,011	NetEnt AB(a)		1,531,913
	86,344	New Wave Group AB - Class B		621,817
	21,247	Nobia AB		133,515
	10,863	Nobina AB		69,748
	58,709	Nolato AB - B Shares		2,724,807
	1,900	Nordic Waterproofing Holding AS		18,345
	2,070	NP3 Fastigheter AB		16,333
	38,142	Nyfosa AB(a)		227,094
	1,084	OEM International AB - B Shares		24,514
	131,238	Opus Group AB		69,102
	55,148	Orexo AB(a)		413,334
	23,839	Pandox AB		409,075
	43,503	Peab AB		397,921
	2,570	Platzer Fastigheter Holding AB - Class B		20,958
	5,237	Proact IT Group AB		139,606
	18,749	Qliro Group AB(a)		24,285
	18,689	Ratos AB - B Shares		42,455
	2,630	Raysearch Laboratories AB(a)		33,422
	174,198	Recipharm AB - B Shares(a)		2,491,987
	15,932	Resurs Holding AB		98,626
	16,357	Rottneros AB		24,864

Shares			Value
SWEDEN (continued)
	4,472	Saab AB - Class B	$	147,218
	1,068	Sagax AB - Class B		18,818
	96,038	SAS AB(a)		175,157
	25,679	Scandi Standard AB		176,075
	11,926	Scandic Hotels Group AB		111,021
	14,471	Sectra AB		490,410
	11,101	Semcon AB		67,695
	81,186	Sensys Gatso Group Ab(a)		13,683
	88,128	Skistar Ab		1,065,754
	23,416	SSAB AB - Class A		88,467
	48,759	SSAB AB - Class B		157,239
	4,673	Sweco AB - Class B		119,267
	351,052	Swedish Orphan Biovitrum AB(a)		6,405,537
	3,229	Systemair AB		39,103
	7,052	Thule Group AB		164,283
	866	Troax Group AB		31,016
	716	VBG Group AB		11,745
	2,311	Vitec Software Group AB - B Shares		23,609
	73,322	Vitrolife Ab		1,543,622
	3,733	Wallenstam AB		35,925
	62,563	Wihlborgs Fastigheter Ab		832,379
				69,001,291
SWITZERLAND — 0.8%
	23,673	Adecco Group AG		1,360,085
	2,036	Allreal Holding AG		324,891
	1,308	ALSO Holding AG		164,141
	128	APG SGA SA		36,644
	8,831	Arbonia AG(a)		95,355
	14,014	Ascom Holding AG		191,209
	661	Autoneum Holding AG		87,515
	7,227	Baloise Holding AG		1,239,006
	491	Banque Cantonale de Geneve		96,888
	799	Banque Cantonale Vaudoise		630,870
	81	Barry Callebaut AG		148,517
	44	Belimo Holding AG		231,158
	473	Bell Food Group AG		136,238
	1,462	Bellevue Group AG		28,886
	884	Berner Kantonalbank AG		206,572
	677	BKW AG		43,164
	2,117	Bobst Group SA		151,969
	354	Bossard Holding AG		57,722
	1,111	Bucher Industries AG		376,853
	212	Burckhardt Compression Holding AG		63,992
	232	Burkhalter Holding AG		17,843
	1,680	Calida Holding AG		52,098
	52	Carlo Gavazzi Holding AG		13,395
	15,139	Cavotec SA(a)		18,790
	20,685	Cembra Money Bank AG		1,921,046
	178	Cham Group AG		72,810
	1,007	Cicor Technologies		58,746
	539	Cie Financiere Tradition SA		57,251
	11,670	Clariant AG		240,104

Shares			Value
SWITZERLAND (continued)
	372	Coltene Holding AG	$	36,673
	124	Conzzeta AG		106,933
	224	Daetwyler Holding AG		34,733
	1,087	DKSH Holding AG		66,752
	200	dormakaba Holding AG		151,078
	5,467	Dufry AG		535,062
	6,163	EDAG Engineering Group AG		96,862
	12,141	EFG International AG		91,273
	1,763	Emmi AG		1,555,406
	2,219	Energiedienst Holding AG		66,843
	41,190	Evolva Holding SA(a)		9,331
	473	Feintool International Holding AG		34,160
	395	Fenix Outdoor International AG		40,001
	1,142,741	Ferrexpo Plc		3,095,644
	3,675	Flughafen Zuerich AG		605,818
	118	Forbo Holding AG		189,574
	15,174	GAM Holding AG(a)		62,942
	346	Georg Fischer AG		336,510
	57	Gurit Holding AG		61,498
	2,973	Helvetia Holdings AG		1,889,265
	3,758	Highlight Communications AG		19,200
	283	HOCHDORF Holding AG(a)		38,264
	14,939	Huber & Suhner AG		1,194,633
	12	Hypothekarbank Lenzburg AG		53,237
	43,179	Implenia AG		1,358,993
	125	Inficon Holding AG		70,283
	32	Interroll Holding AG		69,831
	874	Intershop Holding AG		428,296
	32,956	IWG Plc		146,348
	27,928	Julius Baer Group Ltd.		1,349,059
	883	Jungfraubahn Holding AG		125,336
	404	Kardex AG		62,789
	251	Komax Holding AG		57,625
	122,651	Kongsberg Automotive ASA(a)		112,654
	34	LEM Holding SA		46,525
	8,416	Logitech International SA		329,789
	777	Luzerner Kantonalbank AG		362,084
	52	Metall Zug AG - Class B		136,923
	3,411	Mobilezone Holding AG		31,094
	2,383	Mobimo Holding AG		549,495
	45,631	OC Oerlikon Corp AG		596,357
	939	Orascom Development Holding AG(a)		15,207
	51,488	Oriflame Holding AG		1,062,004
	642	Orior AG		48,991
	1,092	Panalpina Welttransport Holding AG		234,097
	220	Phoenix Mecano AG		102,894
	261	Plazza AG		64,065
	1,742	PSP Swiss Property AG		177,750
	498	Rieter Holding AG		71,982
	154	Romande Energie Holding SA		181,313
	137	Schaffner Holding AG		31,781
	240,940	Schmolz & Bickenbach AG(a)		111,044

Shares			Value
SWITZERLAND (continued)
	167	Schweiter Technologies AG	$	162,243
	1,653	SFS Group AG		152,671
	3,917	Siegfried Holding AG		1,486,155
	1,775	Sonova Holding AG		358,518
	507	St. Galler Kantonalbank AG		229,495
	1,266	Sulzer AG		133,595
	4,677	Sunrise Communications Group AG		310,563
	2,520	Swiss Life Holding AG		1,184,723
	703	Swissquote Group Holding SA		27,537
	424	Tamedia AG		44,910
	171	Tecan Group AG		38,603
	87,199	Temenos Group AG		14,505,361
	235	Thurgauer Kantonalbank		25,013
	17,575	Valiant Holding AG		1,970,887
	4,398	Valora Holding AG		1,119,431
	694	VAT Group AG		86,257
	374	Vaudoise Assurances Holding SA		187,581
	70	Vetropack Holding AG		152,454
	1,506	Vifor Pharma AG		196,667
	6,951	Von Roll Holding AG(a)		8,677
	1,203	Vontobel Holding AG		70,941
	154	VZ Holding AG		37,572
	679	Walter Meier AG(a)		11,937
	2,552	Zehnder Group AG		87,853
	53	Zug Estates Holding AG - B Shares		94,436
	29	Zuger Kantonalbank AG		176,610
				49,290,749
TAIWAN — 1.6%
	24,000	Accton Technology Corp.		101,952
	5,469,878	Acer, Inc.		3,718,145
	5,050	Acter Co. Ltd.		29,531
	6,000	Actron Technology Corp.		20,905
	9,998	Adlink Technology, Inc.		13,565
	3,000	Advanced Ceramic X Corp.		30,109
	22,000	Advanced International Multitech Co. Ltd.		32,792
	15,000	Advanced Wireless Semiconductor Co.		24,573
	24,373	Advancetek Enterprise Co. Ltd.		12,550
	19,000	Aerospace Industrial Development Corp.		19,285
	3,916	Airtac International Group		52,461
	9,000	Alchip Technologies Ltd.		23,710
	44,000	Alpha Networks, Inc.		28,449
	22,000	Ambassador Hotel (The)		15,597
	22,000	Ampire Co. Ltd.		18,038
	52,000	AmTRAN Technology Co. Ltd.(a)		20,117
	9,099	Anpec Electronics Corp.		18,697
	26,000	APCB, Inc.		26,315
	24,161	Apex International Co. Ltd.(a)		40,025
	62,872	Ardentec Corp.		64,515

Shares			Value
TAIWAN (continued)
	100,000	Asia Pacific Telecom Co. Ltd.(a)	$	26,180
	30,100	Asia Vital Components Co. Ltd.		41,923
	2,208	Asmedia Technology, Inc.		38,301
	2,000	ASPEED Technology, Inc.		41,649
	11,000	Aten International Co. Ltd.		33,238
	8,194,000	AU Optronics Corp.		2,930,491
	24,800	Audix Corp.		31,777
	55,988	Bank of Kaohsiung Co. Ltd.		17,511
	88,350	BES Engineering Corp.		22,317
	10,000	Brighton-Best International Taiwan, Inc.		11,252
	13,000	C Sun Manufacturing Ltd.		14,384
	9,900	Capital Futures Corp.		15,330
	191,955	Capital Securities Corp.		57,792
	34,446	Career Technology Manufacturing Co. Ltd.		37,864
	34,300	Cathay Real Estate Development Co. Ltd.		27,933
	23,062	Center Laboratories, Inc.		58,752
	20,748	Central Reinsurance Co. Ltd.		11,956
	29,640	ChainQui Construction Development Co. Ltd.		28,020
	1,730	Chang Wah Electromaterials, Inc.		10,034
	21,000	Channel Well Technology Co. Ltd.		18,480
	13,185	Charoen Pokphand Enterprise		25,060
	3,000	Chaun-Choung Technology Corp.		16,803
	14,000	CHC Healthcare Group		18,269
	50,920	Cheng Loong Corp.		32,567
	39,797	Cheng Uei Precision Industry Co. Ltd.		48,362
	25,277	Chicony Electronics Co. Ltd.		62,311
	12,300	Chicony Power Technology Co. Ltd.		21,885
	22,961	Chilisin Electronics Corp.		73,421
	357,744	China Airlines Ltd.		113,489
	105,000	China Bills Finance Corp.		50,121
	21,000	China Chemical & Pharmaceutical Co. Ltd.		12,819
	75,647	China General Plastics Corp.		55,669
	118,000	China Life Insurance Co. Ltd.		98,247
	22,077	China Metal Products		26,852
	3,733,000	China Petrochemical Development Corp.(a)		1,409,999
	6,114	China Steel Chemical Corp.		26,631
	31,360	China Wire & Cable Co. Ltd.(b)(c)		21,058
	21,000	Chinese Maritime Transport Ltd.		22,007
	42,883	Chin-Poon Industrial Co. Ltd.		53,403
	54,000	Chipbond Technology Corp.		122,548
	25,000	Chong Hong Construction Co. Ltd.		70,336
	10,876	Chroma ATE, Inc.		52,103
	64,000	Chun Yu Works & Co. Ltd.		48,705

Shares			Value
TAIWAN (continued)
	124,779	Chun Yuan Steel	$	42,190
	132,000	Chung Hung Steel Corp.(a)		52,595
	138,779	Chung Hwa Pulp Corp.		42,861
	22,125	Chung-Hsin Electric & Machinery Manufacturing Corp.		14,900
	7,000	Cleanaway Co. Ltd.		38,633
	24,348	Clevo Co.		23,190
	175,000	CMC Magnetics Corp.(a)		39,977
	4,572,000	Compal Electronics, Inc.		2,955,404
	135,000	Compeq Manufacturing Co. Ltd.		111,870
	3,240	Concraft Holding Co. Ltd.		13,928
	52,200	Coretronic Corp.		81,267
	24,000	Co-Tech Development Corp.		25,525
	47,523	CSBC Corp. Taiwan(a)		40,100
	18,838	CTCI Corp.		29,210
	1,572	Cub Elecparts, Inc.		13,986
	18,000	CviLux Corp.		14,918
	6,000	Cyberpower Systems, Inc.		17,504
	76,321	Da-Li Development Co. Ltd.		77,713
	28,000	Darfon Electronics Corp.		43,280
	47,000	Darwin Precisions Corp.		29,379
	10,000	Depo Auto Parts Industrial Co. Ltd.		22,379
	66,904	D-Link Corp.(a)		31,242
	13,000	Dynapack International Technology Corp.		20,923
	41,000	E Ink Holdings, Inc.		49,230
	7,620	Eclat Textile Co. Ltd.		108,932
	3,000	Egis Technology, Inc.		25,236
	9,924	Elan Microelectronics Corp.		26,911
	7,000	E-LIFE MALL Corp.		14,816
	22,809	Elite Advanced Laser Corp.		48,382
	14,967	Elite Material Co. Ltd.		48,253
	37,000	Elite Semiconductor Memory Technology, Inc.		39,138
	3,000	eMemory Technology, Inc.		37,507
	98,000	EnTie Commercial Bank Co. Ltd.		45,025
	91,015	Epistar Corp.		79,719
	71,975	Eternal Materials Co. Ltd.		59,542
	5,973,398	Eva Airways Corp.		2,929,524
	53,059	Everest Textile Co. Ltd.(a)		19,577
	84,000	Evergreen International Storage & Transport Corp.		37,417
	7,255,617	Evergreen Marine Corp. Taiwan Ltd.		3,185,351
	68,342	Everlight Chemical Industrial Corp.		36,964
	759,000	Everlight Electronics Co. Ltd.		760,086
	146,062	Far Eastern Department Stores Ltd.		77,551
	307,068	Far Eastern International Bank		114,343
	39,478	Faraday Technology Corp.		65,184
	12,000	Farglory Land Development Co. Ltd.		14,812

Shares			Value
TAIWAN (continued)
	69,255	Federal Corp.(a)	$	24,332
	46,320	Feng Hsin Steel Co. Ltd.		91,154
	7,073,660	First Financial Holding Co. Ltd.		5,050,165
	61,000	First Insurance Co. Ltd. (The)		28,542
	129,859	First Steamship Co. Ltd.(a)		51,597
	34,049	FLEXium Interconnect, Inc.		107,012
	9,955	Flytech Technology Co. Ltd.		25,241
	24,000	Focaltech Systems CO Ltd.		19,551
	9,338	Formosa Laboratories, Inc.		12,548
	31,203	Formosa Oilseed Processing Co. Ltd.		75,846
	5,000	Formosa Sumco Technology Corp.		19,098
	50,791	Formosan Union Chemical		23,030
	33,000	Fortune Electric Co. Ltd.		22,378
	7,127	Foxsemicon Integrated Technology, Inc.		33,083
	21,000	Froch Enterprise Co. Ltd.		9,487
	12,369	Fulgent Sun International Holding Co. Ltd.		26,693
	42,000	Fulltech Fiber Glass Corp.		21,456
	106,466	Fwusow Industry Co. Ltd.		63,055
	11,000	Gamania Digital Entertainment Co. Ltd.		26,879
	40,000	Gemtek Technology Corp.		33,703
	20,000	General Interface Solution Holding Ltd.		77,599
	25,000	Getac Technology Corp.		37,654
	13,000	Giant Manufacturing Co. Ltd.		99,146
	758,981	Gigabyte Technology Co. Ltd.		1,221,794
	2,000	Ginko International Co. Ltd.		13,712
	61,000	Global Brands Manufacture Ltd.		28,601
	6,000	Global Unichip Corp.		44,208
	25,650	Globe Union Industrial Corp.		14,497
	67,880	Gloria Material Technology Corp.		43,417
	50,000	Gold Circuit Electronics Ltd.(a)		20,314
	49,852	Goldsun Building Materials Co. Ltd.		13,413
	5,783	Gourmet Master Co. Ltd.		36,893
	18,000	Grand Ocean Retail Group Ltd.		18,487
	121,000	Grand Pacific Petrochemical		83,428
	4,000	Grape King Bio Ltd.		27,771
	25,000	Great China Metal Industry		20,351
	26,000	Great Taipei Gas Co. Ltd.		24,573
	41,132	Great Wall Enterprise Co. Ltd.		46,744
	44,000	Greatek Electonics, Inc.		60,911
	35,000	Hannstar Board Corp.		37,236
	7,507,000	HannStar Display Corp.		1,943,976
	125,000	HannsTouch Solution, Inc.(a)		60,964
	53,000	Hey Song Corp.		54,440
	28,666	Highwealth Construction Corp.		45,917
	27,065	Hitron Technology, Inc.		18,746
	9,505	Hiwin Technologies Corp.		90,519
	105,530	Ho Tung Chemical Corp.		23,734
	10,000	Holiday Entertainment Co. Ltd.		21,168

Shares			Value
TAIWAN (continued)
	13,000	Holtek Semiconductor, Inc.	$	31,164
	10,105	Holy Stone Enterprise Co. Ltd.		33,728
	19,514	Hong Pu Real Estate Development Co. Ltd.		12,248
	10,624	Hota Industrial Manufacturing Co. Ltd.		38,704
	51,435	Hsing TA Cement Co.		28,473
	1,006,000	HTC Corp.(a)		1,363,137
	13,479	Huaku Development Co. Ltd.		34,087
	8,000	Huang Hsiang Construction Co.		7,214
	89,200	Hung Sheng Construction Ltd.		65,138
	42,830	Hwa Fong Rubber Co. Ltd.(a)		16,849
	34,341	Ichia Technologies, Inc.(a)		19,205
	8,100	IEI Integration Corp.		8,986
	9,714	Innodisk Corp.		36,556
	10,620,000	Innolux Corp.		3,407,779
	1,405,197	International CSRC Investment Holdings Co.		1,912,200
	3,000	International Games System Co. Ltd.		24,857
	3,956,155	Inventec Corp.		3,178,559
	19,000	ITEQ Corp.		62,745
	146,888	Jih Sun Financial Holdings Co. Ltd.		46,701
	30,000	KEE TAI Properties Co. Ltd.		11,259
	66,682	Kenda Rubber Industrial Co. Ltd.		65,066
	16,000	Kerry TJ Logistics Co. Ltd.		19,032
	34,000	Kindom Construction Corp.		23,206
	10,720	King Chou Marine Technology Co. Ltd.		13,340
	4,000	King Slide Works Co. Ltd.		42,062
	157,184	King Yuan Electronics Co. Ltd.		145,783
	108,185	King’s Town Bank Co. Ltd.		115,750
	13,000	Kinik Co.		25,982
	181,343	Kinpo Electronics, Inc.		64,637
	44,000	Kinsus Interconnect Technology Corp.		66,458
	15,000	KS Terminals, Inc.		22,284
	6,000	Kung Long Batteries Industrial Co. Ltd.		31,888
	60,799	Kwong Fong Industries Corp.		29,186
	39,000	L&K Engineering Co. Ltd.		34,711
	3,000	Land Mark Optoelectronics Corp.		26,901
	56,714	Lealea Enterprise Co. Ltd.		18,465
	20,000	Lextar Electronics Corp.		11,346
	50,788	Li Peng Enterprise Co. Ltd.(a)		11,993
	34,904	Lien Hwa Industrial Corp.		38,300
	50,000	Lingsen Precision Industries Ltd.		15,524
	12,882	Lite-On Semiconductor Corp.		14,469
	99,000	Lite-On Technology Corp.		139,685
	274,169	Long Chen Paper Co. Ltd.		160,789
	15,000	Longwell Co.		26,418
	723	Lotes Co. Ltd.		5,135
	12,545	Lumax International Corp. Ltd.		29,205

Shares			Value
TAIWAN (continued)
	8,000	Lung Yen Life Service Corp.	$	15,884
	2,000	Machvision, Inc.		27,427
	250,000	Macronix International		194,519
	66,213	Makalot Industrial Co. Ltd.		456,831
	11,000	Materials Analysis Technology, Inc.		27,011
	550,000	MediaTek, Inc.		5,271,491
	57,039	Mercuries & Associates Holding Ltd.		32,309
	65,280	Mercuries Life Insurance Co. Ltd.(a)		23,461
	5,000	Merida Industry Co. Ltd.		29,137
	12,285	Merry Electronics Co. Ltd.		70,760
	36,404	Micro-Star International Co. Ltd.		101,118
	18,036	Mirle Automation Corp.		29,224
	9,000	MPI Corp.		20,500
	4,000	Nak Sealing Technologies Corp.		9,349
	10,000	Namchow Holdings Co. Ltd.		17,249
	21,590	Nan Kang Rubber Tire Co. Ltd.		24,745
	26,405	Nantex Industry Co. Ltd.		27,886
	21,000	National Petroleum Co. Ltd.		29,419
	60,997	Neo Solar Power Corp.(a)		20,782
	12,426	Nichidenbo Corp.		23,460
	13,000	Nien Hsing Textile Co. Ltd.		11,863
	6,000	Nien Made Enterprise Co. Ltd.		47,080
	448,387	Novatek Microelectronics Corp.		2,933,195
	55,090	OptoTech Corp.		41,507
	52,000	Orient Semiconductor Electronics Ltd.(a)		26,990
	35,500	Oriental Union Chemical Corp.		29,898
	21,384	Paiho Shih Holdings Corp.		33,239
	36,453	Pan Jit International, Inc.(a)		32,182
	51,000	Pan-International Industrial Corp.		43,557
	4,000	Pharmally International Holding Co. Ltd.		27,745
	6,000	Phison Electronics Corp.		56,508
	6,000	Pixart Imaging, Inc.		19,214
	24,000	Plotech Co. Ltd.		13,421
	145,000	Pou Chen Corp.		176,399
	1,086,200	Powertech Technology, Inc.		2,711,977
	3,242	Poya International Co. Ltd.		39,301
	221,377	President Securities Corp.		96,379
	28,000	Primax Electronics Ltd.		57,347
	202,370	Prince Housing & Development Corp.		73,018
	26,000	Promate Electronic Co. Ltd.		27,270
	9,000	Prosperity Dielectrics Co. Ltd.		20,411
	4,172,520	Qisda Corp.		2,657,543
	700	Qualipoly Chemical Corp.		668
	123,309	Quintain Steel Co. Ltd.		32,371
	724,008	Radiant Opto-Electronics Corp.		2,446,958
	103,677	Radium Life Tech Co. Ltd.(a)		45,459
	589,150	Realtek Semiconductor Corp.		3,994,630
	45,771	Rechi Precision Co. Ltd.		38,306

Shares			Value
TAIWAN (continued)
	15,000	Rexon Industrial Corp. Ltd.	$	34,816
	48,616	Rich Development Co. Ltd.		14,282
	324,600	Ritek Corp.(a)		108,698
	48,000	Roo Hsing Co. Ltd.(a)		21,472
	26,640	Ruentex Development Co. Ltd.		36,592
	38,000	Ruentex Industries Ltd.		90,824
	12,000	Run Long Construction Co. Ltd.		25,733
	60,268	Sampo Corp.		32,579
	27,113	San Fang Chemical Industry Co. Ltd.		20,852
	9,600	San Shing Fastech Corp.		16,911
	48,080	Sanyang Motor Co. Ltd.		31,356
	8,000	SDI Corp.		18,138
	10,000	Senao International Co. Ltd.		11,518
	21,000	Sercomm Corp.		46,308
	26,674	Sesoda Corp.		22,537
	9,000	Shan-Loong Transportation Co. Ltd.		8,767
	52,087	Shih Wei Navigation Co. Ltd.(a)		15,884
	16,104,359	Shin Kong Financial Holding Co. Ltd.		4,562,959
	11,000	Shin Zu Shing Co. Ltd.		41,906
	36,742	Shining Building Business Co. Ltd.(a)		12,075
	42,000	Shinkong Insurance Co. Ltd.		52,793
	100,314	Shinkong Synthetic Fibers Corp.		44,147
	33,000	Shinkong Textile Co. Ltd.		45,167
	5,000	Shiny Chemical Industrial Co. Ltd.		14,141
	62,000	Sigurd Microelectronics Corp.		61,910
	9,200	Simplo Technology Co. Ltd.		78,135
	9,364	Sinbon Electronics Co. Ltd.		33,069
	19,000	Sinher Technology, Inc.		30,631
	47,000	Sino-American Silicon Products, Inc.		101,902
	83,000	Sinon Corp.		50,642
	11,000	Sinyi Realty, Inc.		11,198
	36,000	Siward Crystal Technology Co. Ltd.		24,279
	99,616	Solar Applied Materials Technology Co.(a)		60,530
	117,000	Southeast Cement Co. Ltd.		61,569
	3,000	St Shine Optical Co. Ltd.		56,049
	15,762	Standard Foods Corp.		27,893
	6,000	Sunny Friend Environmental Technology Co. Ltd.		51,107
	22,000	Sunonwealth Electric Machine Industry Co. Ltd.		25,860
	46,245	Supreme Electronics Co. Ltd.		46,175
	79,969	Sweeten Real Estate Development Co. Ltd.		69,395
	3,750	Syncmold Enterprise Corp.		10,599
	85,550	Synnex Technology International Corp.		106,753
	12,000	Systex Corp.		26,384
	46,088	TA Chen Stainless Pipe Co. Ltd.		65,475

Shares			Value
TAIWAN (continued)
	68,000	Ta Ya Electric Wire & Cable	$	24,040
	46,262	TA-I Technology Co. Ltd.		77,862
	129,277	Taichung Commercial Bank Co. Ltd.		50,212
	4,500	TaiDoc Technology Corp.		22,383
	28,580	Taiflex Scientific Co. Ltd.		36,856
	607,045	Tainan Spinning Co. Ltd.		236,854
	7,140,862	Taishin Financial Holding Co. Ltd.		3,238,018
	10,000	Taiwan Acceptance Corp.		37,408
	236,302	Taiwan Business Bank		97,570
	2,902,500	Taiwan Cement Corp.		3,947,830
	2,000	Taiwan FamilyMart Co. Ltd.		14,311
	35,320	Taiwan Fire & Marine Insurance Co. Ltd.		23,149
	24,000	Taiwan FU Hsing Industrial Co. Ltd.		31,609
	159,919	Taiwan Glass Industrial Corp.		63,979
	32,081	Taiwan Hon Chuan Enterprise Co. Ltd.		51,518
	74,324	Taiwan Land Development Corp.(a)		21,042
	471	Taiwan Line Tek Electronic(a)		449
	49,544	Taiwan Navigation Co. Ltd.		31,201
	11,032	Taiwan Paiho Ltd.		27,014
	36,000	Taiwan PCB Techvest Co. Ltd.		44,167
	8,000	Taiwan Sakura Corp.		10,610
	14,408	Taiwan Secom Co. Ltd.		40,286
	16,000	Taiwan Semiconductor Co. Ltd.		28,939
	20,010	Taiwan Shin Kong Security Co. Ltd.		24,773
	26,500	Taiwan Styrene Monomer		21,473
	23,875	Taiwan Surface Mounting Technology Corp.		45,223
	51,469	Taiwan TEA Corp.		25,983
	8,000	Taiwan Union Technology Corp.		29,204
	7,935	TCI Co. Ltd.		118,465
	118,000	Teco Electric and Machinery Co. Ltd.		88,424
	4,400	Tehmag Foods Corp.		30,425
	18,000	Test Research, Inc.		31,383
	11,000	Thinking Electronic Industrial Co. Ltd.		29,703
	56,100	Ton Yi Industrial Corp.		22,791
	8,000	Tong Hsing Electronic Industries Ltd.		29,810
	55,834	Tong Yang Industry Co. Ltd.		79,757
	19,946	Tong-Tai Machine & Tool Co. Ltd.(a)		13,565
	10,376	TOPBI International Holdings Ltd.		29,396
	12,160	Topco Scientific Co. Ltd.		34,901
	5,624	Topco Technologies Corp.		13,386
	6,000	Topkey Corp.		26,965
	33,344	Topoint Technology Co. Ltd.		21,814
	27,000	TPK Holding Co. Ltd.		50,049

Shares			Value
TAIWAN (continued)
	8,137	Transcend Information, Inc.	$	18,436
	29,000	Tripod Technology Corp.		93,113
	12,942	TSRC Corp.		11,923
	6,000	Ttet Union Corp.		20,576
	116,315	Tung Ho Steel Enterprise Corp.		83,220
	35,815	TXC Corp.		41,803
	56,000	TYC Brother Industrial Co. Ltd.		49,568
	5,113,160	UBS Shandong Nanshan Aluminum Co. Ltd. - A Shares(a)		1,905,624
	23,000	U-Ming Marine Transport Corp.		24,082
	3,099,000	Unimicron Technology Corp.		3,463,728
	332,666	Union Bank of Taiwan		117,959
	94,757	Unitech Printed Circuit Board Corp.		58,199
	8,000	United Integrated Services Co. Ltd.		35,648
	13,012,000	United Microelectronics Corp.		5,673,856
	202,780	Universal Cement Corp.		130,600
	9,588	Universal Microwave Technology, Inc.		31,228
	130,840	UPC Technology Corp.		53,492
	200,297	USI Corp.		76,881
	39,000	Vanguard International Semiconductor Corp.		86,659
	39,800	Ve Wong Corp.		33,268
	16,000	Visual Photonics Epitaxy Co. Ltd.		43,805
	3,000	Voltronic Power Technology Corp.		59,262
	19,000	Wafer Works Corp.		24,109
	17,000	Wah Lee Industrial Corp.		29,777
	322,000	Walsin Lihwa Corp.		180,952
	15,000	Walsin Technology Corp.		92,749
	81,000	Walton Advanced Engineering, Inc.		29,396
	60,300	Wan Hai Lines Ltd.		31,820
	131,000	Waterland Financial Holdings Co. Ltd.		44,104
	37,616	Weikeng Industrial Co. Ltd.		24,916
	11,000	Well Shin Technology Co. Ltd.		19,243
	24,460	Win Semiconductors Corp.		164,628
	464,472	Winbond Electronics Corp.		241,904
	83,646	Wisdom Marine Lines Co. Ltd.		79,591
	4,565,512	Wistron Corp.		3,790,151
	18,995	Wistron NeWeb Corp.		49,210
	9,000	Wowprime Corp.		27,056
	76,235	WPG Holdings Co. Ltd.		100,618
	30,635	WT Microelectronics Co. Ltd.		40,476
	7,204	Xxentria Technology Materials Corp.		18,245
	366,124	Yang Ming Marine Transport Corp.(a)		104,035
	103,489	YC Co. Ltd.		45,884
	77,084	YC INOX Co. Ltd.		65,265
	10,907	YeaShin International Development Co. Ltd.		6,697

Shares			Value
TAIWAN (continued)
	12,000	Yeong Guan Energy Technology Group Co. Ltd.	$	31,811
	179,624	YFY, Inc.		69,216
	122,584	Yieh Phui Enterprise Co. Ltd.		37,391
	13,000	Yonyu Plastics Co. Ltd.		15,214
	23,110	Youngtek Electronics Corp.		34,598
	119,000	Yulon Motor Co. Ltd.		75,154
	14,000	Yung Chi Paint & Varnish Manufacturing Co. Ltd.		33,282
	64,000	Yungtay Engineering Co. Ltd.		133,603
	4,000	Zeng Hsing Industrial Co. Ltd.		19,514
	53,000	Zhen Ding Technology Holding Ltd.		189,616
	68,000	Zig Sheng Industrial Co. Ltd.		19,580
	23,000	Zinwell Corp.		17,092
				98,849,553
THAILAND — 0.2%
	4,300	AEON Thana Sinsap Thailand Public Co. Ltd. - FOR		24,870
	47,800	Amata Corp. Public Co. Ltd. - FOR		33,565
	237,900	Asia Plus Group Holdings Securities Public Co. Ltd. - FOR		22,959
	55,100	Bangchak Corp. Public Co. Ltd. - FOR		56,075
	20,425	Bangkok Aviation Fuel Services Public Co. Ltd. - FOR		23,352
	67,100	Bangkok Chain Hospital Public Co. Ltd. - FOR		38,266
	26,500	Bangkok Insurance Public Co. Ltd. - FOR		268,956
	1,118,900	Bangkok Land Public Co. Ltd. - FOR		55,038
	248,500	Banpu Public Co. Ltd. - FOR		127,795
	123,600	Beauty Community Public Co. Ltd. - FOR		26,933
	131,800	BEC World Public Co. Ltd. - FOR(a)		37,185
	152,700	BTS Group Holdings Public Co. Ltd. - FOR		56,465
	691,508	Cal-Comp Electronics Thailand Public Co. Ltd. - FOR		41,220
	17,100	Central Plaza Hotel Public Co. Ltd. - FOR		22,916
	48,222	CH Karnchang Public Co. Ltd. - FOR		40,432
	101,400	Chularat Hospital Public Co. Ltd. - FOR		6,231
	238,800	CK Power Public Co. Ltd. - FOR		43,784
	19,600	Com7 Public Co. Ltd. - FOR		12,112
	411,800	Country Group Development Public Co. Ltd. - FOR(a)		14,067
	49,000	Dhipaya Insurance Public Co. Ltd. - FOR		36,232

Shares			Value
THAILAND (continued)
	376,500	Dynasty Ceramic Public Co. Ltd. - FOR	$	24,306
	104,100	Eastern Water Resources Development and Management Public Co. Ltd. - FOR		37,176
	404,800	Energy Earth Public Co. Ltd. - FOR(a)(b)(c)		3,472
	113,800	Erawan Group Public Co. Ltd. (The) - FOR		24,796
	117,700	Esso Thailand Public Co. Ltd. - FOR		40,928
	63,000	Fabrinet(a)		3,812,760
	31,100	GFPT Public Co. Ltd. - FOR		15,116
	11,700	Global Power Synergy Public Co. Ltd. - FOR		22,831
	79,600	Golden Land Property Development Public Co. Ltd. - FOR		20,691
	32,500	Hana Microelectronics Public Co. Ltd. - FOR		33,137
	148,800	Ichitan Group Public Co. Ltd. - FOR		18,367
	27,675,000	IRPC Public Co. Ltd. - FOR		4,897,665
	5,256,091	Italian-Thai Development Public Co. Ltd. - FOR(a)		385,434
	183,800	Jasmine International Public Co. Ltd. - FOR		32,275
	26,200	Kce Electronics Public Co. Ltd. - FOR		20,352
	178,900	KGI Securities Thailand Public Co. Ltd. - FOR		24,329
	450,966	Khon Kaen Sugar Industry Public Co. Ltd. - FOR		42,410
	18,500	Kiatnakin Bank Public Co. Ltd. - FOR		38,270
	32,400	Krungthai Card Public Co. Ltd. - FOR		41,147
	59,000	Land and Houses Public Co. Ltd. - FOR		20,715
	66,200	Lanna Resources Public Co. Ltd. - FOR		23,651
	260,300	LH Financial Group Public Co. Ltd. - FOR		12,149
	73,000	LPN Development Public Co. Ltd. - FOR		16,005
	51,900	Major Cineplex Group Public Co. Ltd. - FOR		46,362
	158,600	MBK Public Co. Ltd. - FOR		104,429
	54,500	MC Group Public Co. Ltd. - FOR		15,460
	28,500	Mega Lifesciences Public Co. Ltd. - FOR		32,169
	16,000	MK Restaurants Group Public Co. Ltd. - FOR		36,469
	26,500	Muangthai Capital Public Co. Ltd. - FOR		42,818
	10,000	PCS Machine Group Holding Public Co. Ltd. - FOR		2,179

Shares			Value
THAILAND (continued)
	82,500	Polyplex Public Co. Ltd. - FOR	$	36,972
	25,450	Precious Shipping Public Co. Ltd. - FOR(a)		6,629
	519,200	Property Perfect Public Co. Ltd. - FOR		13,332
	86,300	Pruksa Holding Public Co. Ltd. - FOR		50,834
	75,400	PTG Energy Public Co. Ltd. - FOR		26,007
	368,831	Quality Houses Public Co. Ltd. - FOR		34,225
	13,400	Ratch Group PCL		26,162
	139,969	Ratchthani Leasing Public Co. Ltd. - FOR		27,220
	11,900	Robinson Public Co. Ltd. - FOR		21,730
	159,700	Rojana Industrial Park Public Co. Ltd. - FOR		26,817
	100,000	Samart Telcoms Public Co. Ltd. - FOR		28,204
	486,000	Sansiri Public Co. Ltd. - FOR		21,769
	476,076	SC Asset Corp. Public Co. Ltd. - FOR		45,020
	8,420	Siam City Cement Public Co. Ltd. - FOR		57,244
	154,369	Siam Future Development Public Co. Ltd. - FOR		30,226
	60,400	Siamgas & Petrochemicals Public Co. Ltd. - FOR		19,683
	48,100	Somboon Advance Technology Public Co. Ltd. - FOR		29,091
	60,800	SPCG Public Co. Ltd. - FOR		34,291
	62,860	Sri Trang Agro-Industry Public Co. Ltd. - FOR		25,808
	14,966	Srisawad Corp. Public Co. Ltd. - FOR		25,706
	719,500	Star Petroleum Refining Public Co. Ltd. - FOR		238,934
	59,775	Supalai Public Co. Ltd. - FOR		41,360
	564,700	Super Energy Corp. Public Co. Ltd. - FOR(a)		11,150
	101,500	Syntec Construction Public Co. Ltd. - FOR		8,014
	1,547,500	Tata Steel Thailand Public Co. Ltd. - FOR(a)		36,846
	107,200	Thai Airways International Public Co. Ltd. - FOR(a)		42,677
	15,000	Thai Central Chemical Public Co. Ltd. - FOR		13,513
	11,900	Thai Stanley Electric Public Co. Ltd. - FOR		87,659
	40,900	Thai Union Group Public Co. Ltd. - FOR		24,220
	51,100	Thai Vegetable Oil Public Co. Ltd. - FOR		43,202
	122,200	Thaifoods Group Public Co. Ltd. - FOR		12,719
	95,200	Thanachart Capital Public Co. Ltd.		158,161

Shares			Value
THAILAND (continued)
	17,300	Thitikorn Public Co. Ltd. - FOR	$	5,587
	26,000	Tisco Financial Group Public Co. Ltd. - FOR		68,258
	1,497,800	TMB Bank Public Co. Ltd. - FOR		94,740
	165,000	TMT Steel PCL		30,496
	42,800	Total Access Communication Public Co. Ltd. - FOR		68,054
	70,100	Tpi Polene Power Public Co. Ltd. - FOR		13,609
	390,200	TPI Polene Public Co. Ltd. - FOR		24,206
	71,300	Unique Engineering & Construction Public Co. Ltd. - FOR		23,017
	145,000	Univentures Public Co. Ltd. - FOR		28,643
	184,700	Vanachai Group Public Co. Ltd. - FOR		32,706
	270,200	Vibhavadi Medical Center Public Co. Ltd. - FOR		16,345
	46,300	Vinythai Public Co. Ltd. - FOR		36,662
	244,400	WHA Corp Public Co. Ltd. - FOR		33,530
				12,657,599
TURKEY — 0.4%
	1	Akbank Turk AS(a)		1
	8,854	Akcansa Cimento AS		9,561
	7,460	Aksa Akrilik Kimya Sanayii AS		10,186
	13,561	Anadolu Anonim Turk Sigorta Sirketi		9,426
	22,924	Anadolu Cam Sanayii AS		11,809
	1,332,894	Arcelik AS(a)		4,102,758
	15,974	Cimsa Cimento Sanayi VE Ticaret AS(a)		17,577
	9,433	Coca-Cola Icecek AS		50,100
	2,967,359	Dogan Sirketler Grubu Holding AS(a)		528,017
	5,111,863	Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT		1,295,684
	11,895	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class A(a)		4,511
	1,171,005	KOC Holding AS		3,183,627
	15,694	Kordsa Teknik Tekstil AS		31,402
	2,624	Koza Altin Isletmeleri AS(a)		18,737
	10,253	Pegasus Hava Tasimaciligi As(a)		53,212
	3,182,672	Petkim Petrokimya Holding AS(a)		2,387,619
	16,564	Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS		8,996
	24,259	Selcuk Ecza Deposu Ticaret ve Sanayi AS		16,326
	3,332,966	Soda Sanayii AS		4,336,435
	23,218	TAV Havalimanlari Holding AS		98,556
	7,867	Tekfen Holding AS		35,139

Shares			Value
TURKEY (continued)
	7,135	Tofas Turk Otomobil Fabrikasi AS	$	21,463
	45,244	Trakya Cam Sanayii AS		24,059
	129,832	Tupras Turkiye Petrol Rafinerileri AS		2,685,300
	1,157,815	Turkcell Iletisim Hizmetleri AS		2,428,269
	49,798	Turkiye Halk Bankasi AS		48,939
	137,554	Turkiye Sinai Kalkinma Bankasi AS(a)		17,309
	5,837	Turkiye Sise ve Cam Fabrikalari AS		5,973
	128,611	Turkiye Vakiflar Bankasi TAO - Class D		87,356
	7,755	Ulker Biskuvi Sanayi AS		24,728
	9,082	Vestel Elektonik Sanayi ve Ticaret AS(a)		18,254
				21,571,329
UKRAINE — 0.0%
	4,290	Kernel Holding SA		59,588
UNITED ARAB EMIRATES — 0.0%
	3,873,881	Dana Gas PJSC		1,009,777
	20,000	Gulf Marine Services Plc(a)		3,200
	29,465	Lamprell Plc(a)		25,459
	2,273	Nmc Health PLC		83,937
				1,122,373
UNITED KINGDOM — 4.2%
	4,469	4imprint Group Plc		156,112
	7,795	A.G. Barr Plc		86,545
	11,630	AA Plc		11,260
	19,388	Acacia Mining Plc(a)		37,151
	673,862	Adaptimmune Therapeutics Plc - ADR(a)(c)		3,234,538
	11,810	Admiral Group Plc		340,179
	20,973	Advanced Medical Solutions Group Plc		90,270
	140,373	Aggreko Plc		1,564,912
	2,184	Alstria Office REIT AG, REIT		90,391
	385,420	Amerisur Resources PLC(a)		64,625
	3,987	Anglo-Eastern Plantations Plc		27,426
	4,270	Arrow Global Group PLC		10,737
	16,097	Ashmore Group Plc		96,582
	92,817	ASOS Plc(a)		4,759,669
	50,831	Assura Plc REIT		39,546
	20,958	Augean PLC(a)		25,148
	37,432	Auto Trader Group Plc		276,711
	2,321	Aveva Group Plc		101,413
	2,531	Avon Rubber Plc		48,700
	36,931	B&M European Value Retail SA		190,390
	40,977	Babcock International Group Plc		281,293
	30,182	Balfour Beatty Plc		99,079
	111,469	Barratt Developments Plc		876,910
	55,304	BBA Aviation Plc		196,530
	12,864	Beazley Plc		96,932

Shares			Value
UNITED KINGDOM (continued)
	17,049	Bellway Plc	$	692,317
	12,486	Berkeley Group Holdings Plc		612,522
	11,689	Biffa PLC		36,201
	26,873	Bloomsbury Publishing Plc		83,261
	51,324	Bodycote Plc		575,000
	244,884	Bovis Homes Group Plc		3,550,518
	5,261	Braemar Shipping Services Plc		13,199
	46,606	Brewin Dolphin Holdings Plc		199,379
	152,692	Britvic Plc		1,822,830
	26,025	BTG Plc(a)		283,731
	26,197	Capita Plc(a)		43,671
	14,753	Capital & Counties Properties Plc		46,650
	23,025	Carclo Plc(a)		7,121
	22,288	Card Factory Plc		59,647
	3,919	CareTech Holdings Plc		17,062
	87,391	Carillion Plc(a)(b)		0
	33,252	Chemring Group Plc		66,721
	12,180	Chesapeake Lodging Trust, REIT		3,814
	36,195	Chesnara Plc		173,286
	43,980	Cineworld Group Plc		182,504
	29,064	Circassia Pharmaceuticals Plc(a)		12,003
	3,546	City Of London Investment Group PLC		19,254
	1,435	Clarkson Plc		48,607
	23,312	Close Brothers Group Plc		472,649
	3,850	CLS Holdings Plc		12,092
	14,367	CMC Markets Plc		14,682
	124,115	Cobham Plc(a)		187,138
	8,638	Codemasters Group Holdings PLC(a)		25,750
	68,029	Computacenter Plc		1,071,994
	44,829	Concentric AB		718,842
	9,256	Consort Medical Plc		111,524
	90,414	Convatec Group PLC		163,757
	18,079	Costain Group Plc		75,844
	20,936	Countryside Properties PLC		92,736
	11,704	Craneware Plc		408,115
	1,472	Cranswick Plc		55,699
	27,001	Crest Nicholson Holdings Plc		135,727
	51,561	Cybg PLC		136,814
	22,893	D4t4 Solutions PLC		79,133
	3,863	Daily Mail & General Trust PLC		33,137
	160,845	Dart Group Plc		1,956,463
	176,276	De La Rue Plc		1,015,413
	28,775	Devro Plc		74,631
	52,504	DFS Furniture Plc		172,246
	1,816	Dialight Plc(a)		11,657
	181,705	Dialog Semiconductor Plc(a)		7,069,108
	1,741	Dignity Plc		16,182
	4,932	Diploma Plc		103,141
	146,797	Direct Line Insurance Group Plc		631,676
	7,062	DiscoverIE Group Plc		39,228
	152,729	Dixons Carphone Plc		289,546

Shares			Value
UNITED KINGDOM (continued)
	9,492	Domino’s Pizza Group Plc	$	33,196
	2,382,205	Drax Group Plc		10,609,785
	128,108	DS Smith Plc		598,349
	25,794	Dunelm Group Plc		287,848
	14,803	easyJet Plc		224,294
	1,386,749	EI Group Plc(a)		3,846,337
	47,203	Eland Oil & Gas PLC(a)		77,053
	23,892	Electrocomponents Plc		201,466
	15,304	Elementis Plc		32,535
	80,735	EMIS Group Plc		1,178,497
	51,185	EnQuest Plc(a)		14,276
	18,043	Equiniti Group Plc		50,576
	15,506	Essentra Plc		85,517
	40,540	Euromoney Institutional Investor Plc		650,016
	88,420	FDM Group Holdings PLC		1,128,966
	1,761	Fevertree Drinks PLC		72,407
	855,189	Firstgroup Plc(a)		1,233,900
	3,059	Fuller Smith & Turner Plc - Class A		46,006
	2,811	Future PLC		31,073
	77,742	G4S Plc		219,724
	29,391	Galliford Try Plc		208,340
	2,088	Games Workshop Group Plc		113,431
	39,947	Gem Diamonds Ltd.(a)		46,918
	3,804	Genel Energy Plc(a)		11,444
	235,082	Genus Plc(c)		7,402,726
	107,471	Go-Ahead Group Plc		2,721,190
	320	Goodwin Plc		12,952
	176,287	Great Portland Estates Plc, REIT		1,737,304
	512,919	Greene King Plc		4,295,654
	319,183	Greggs Plc		7,495,978
	383	Growthpoint Properties Ltd., REIT		4,293
	532,668	Gulf Keystone Petroleum Ltd.(a)		1,766,631
	7,003	Gym Group Plc (The)		21,003
	2,745	H&R Real Estate Investment Trust, REIT		37,325
	300,491	Halfords Group Plc		916,691
	7,798	Halma Plc		183,485
	40,132	Hansteen Holdings Plc REIT		49,179
	31,732	Hastings Group Holdings PLC		79,086
	415,271	Hays Plc		823,266
	84,186	Headlam Group Plc		471,547
	3,903	Helical Plc		17,542
	14,425	Henry Boot Plc		52,810
	9,062	Hill & Smith Holdings Plc		150,779
	632	Hilton Food Group Plc		8,389
	30,154	Hollywood Bowl Group Plc		94,248
	19,596	HomeServe Plc		277,739
	20,642	Howden Joinery Group Plc		137,081
	38,276	Hunting Plc		294,161
	34,584	Huntsworth Plc		40,229
	45,269	Ibstock Plc		154,291
	237,195	IG Group Holdings Plc		1,577,871

Shares			Value
UNITED KINGDOM (continued)
	13,193	IMI Plc	$	181,187
	234,887	Inchcape Plc		1,885,773
	243,011	Indivior Plc(a)		121,402
	6,080	InfraREIT, Inc., REIT		74,729
	57,563	Inmarsat Plc		410,358
	391,438	IntegraFin Holdings Plc		2,016,501
	243,885	International Personal Finance Plc		581,051
	30,385	IQE Plc(a)		31,633
	60,335	ITE Group Plc		57,295
	138,824	ITV Plc		247,889
	154,527	J D Wetherspoon Plc		2,758,206
	163,034	J Sainsbury Plc		473,653
	5,656	Jackpotjoy Plc(a)		52,571
	17,318	James Fisher & Sons Plc		446,351
	542,377	JD Sports Fashion Plc		4,458,449
	15,332	John Laing Group Plc		76,977
	38,489	John Wood Group Plc		235,967
	5,298	Johnson Matthey Plc		231,123
	91,588	Johnson Service Group Plc		181,672
	31,314	Jupiter Fund Management Plc		153,669
	13,864	Just Eat Plc(a)		126,745
	1,730,164	Just Group Plc		1,545,592
	43,128	Kainos Group PLC		297,418
	14,083	KAZ Minerals Plc		119,415
	27,403	KCOM Group Plc		34,971
	9,161	Keller Group Plc		84,114
	20,780	Kier Group Plc		101,998
	127,846	Kingfisher Plc		440,838
	9,550	Lancashire Holdings Ltd.		85,811
	1,719	Liontrust Asset Management Plc		15,219
	49,700	LivaNova Plc(a)		3,423,833
	19,247	Londonmetric Property Plc REIT		50,803
	268,222	Lookers Plc		316,783
	18,531	LSL Property Services Plc		64,438
	172,925	Man Group Plc		354,337
	112,369	Marks & Spencer Group Plc		419,166
	95,555	Marshalls Plc		804,284
	761,751	Marston’s Plc		1,011,119
	579,795	Mcbride Plc(a)(b)(c)		756
	38,653	McBride Plc		54,140
	39,206	McCarthy & Stone Plc		65,449
	13,685	McColl’s Retail Group Plc		15,318
	32,018	Mears Group Plc		100,050
	98,569	Meggitt Plc		701,401
	91,682	Merlin Entertainments Plc		438,432
	15,813	Micro Focus International PLC		399,578
	28,698	Millennium & Copthorne Hotels Plc		167,114
	18,467	Mitchells & Butlers Plc(a)		61,581
	22,140	Mitie Group Plc		37,895
	8,696	MJ Gleeson PLC		94,722
	294,379	Moneysupermarket.com Group Plc		1,398,273
	13,096	Morgan Advanced Materials Plc		47,695

Shares			Value
UNITED KINGDOM (continued)
	8,624	Morgan Sindall Group Plc	$	147,548
	1,709	Mortgage Advice Bureau Holdings Ltd.		12,929
	39,656	Mothercare Plc(a)		10,470
	13,475	N Brown Group Plc		18,995
	7,073	NAHL Group PLC		10,797
	810,248	National Express Group Plc		4,344,392
	11,757	NCC Group Plc		26,778
	18,711	Non-Standard Finance PLC		12,940
	37,848	Northgate Plc		181,375
	10,594	Northview Apartment Real Estate Investment Trust, REIT		44,573
	8,620	Numis Corp. Plc		31,038
	2,830,105	Ocado Group Plc(a)(c)		50,382,623
	7,160	On The Beach Group PLC		42,724
	209,433	Onesavings Bank Plc		1,190,808
	5,900	Oxford Biomedica Plc(a)		53,812
	104,200	Oxford Immunotec Global PLC(a)		1,691,166
	7,632	Oxford Instruments Plc		115,663
	55,394	Oxford Metrics PLC		69,723
	58,699	Pagegroup Plc		412,668
	61,776	Paragon Banking Group PLC		369,998
	5,827	Patisserie Holdings Plc(b)(c)		76
	12,140	PayPoint Plc		159,620
	301,929	Pendragon Plc		90,481
	7,261	Pennon Group Plc		70,935
	12,171	Petrofac Ltd.		70,264
	128,305	Pets at Home Group Plc		253,958
	117,571	Phoenix Group Holdings PLC		1,111,336
	19,902	Photo-Me International Plc		23,661
	10,300	Polar Capital Holdings Plc		79,034
	15,265	Polypipe Group Plc		87,521
	1,318	Porvair Plc		9,652
	76,105	Premier Foods Plc(a)		35,165
	118,952	Premier Oil Plc(a)		154,255
	7,500	Provident Financial Plc(a)		52,069
	30,200	PZ Cussons Plc		80,801
	73,936	QinetiQ Group Plc		291,266
	33,811	Rank Group Plc		70,599
	166,048	Redde Plc		261,065
	524,152	Redrow PLC		4,219,042
	21,378	Renewi Plc		9,247
	114,343	Renishaw Plc(c)		6,752,532
	51,232	Renold Plc(a)		22,691
	3,020,014	Rentokil Initial Plc		15,390,659
	78,797	Restaurant Group Plc (The)		148,195
	6,636	Ricardo Plc		66,636
	1,481,504	Rightmove Plc		10,475,883
	12,337	RM Plc		37,083
	27,188	Robert Walters Plc		209,253
	33,596	Rotork Plc		137,029
	114,582	Royal Mail Plc		378,075
	128,548	RPC Group Plc		1,324,930
	186,967	RPS Group Plc		473,221
	55,384	RSA Insurance Group Plc		392,624

Shares			Value
UNITED KINGDOM (continued)
	45,640	Safestore Holdings Plc REIT	$	383,561
	108,048	Saga Plc		83,093
	7,386	Sage Group Plc (The)		70,013
	8,871	Savills Plc		104,569
	42,589	SDL Plc		292,684
	23,616	Senior Plc		71,462
	955,480	Serco Group Plc(a)		1,554,147
	58,311	Severfield Plc		57,863
	4,628	Severn Trent Plc		123,191
	9,238	Shoe Zone PLC		25,308
	171,587	SIG Plc		339,474
	2,708	Smart Metering Systems Plc		17,452
	13,418	Smiths Group Plc		267,147
	108,063	Soco International Plc		106,088
	78,656	Softcat PLC		932,338
	16,240	Sopheon Plc		241,750
	3,283	Spectris Plc		117,962
	155,677	Speedy Hire Plc		119,771
	3,611	Spirax-Sarco Engineering Plc		389,330
	5,903	Spire Healthcare Group PLC		10,332
	373,539	Spirent Communications Plc		772,626
	15,991	Sportech Plc(a)		6,457
	27,332	Sports Direct International Plc(a)		106,289
	365,342	SSP Group Plc		3,320,753
	16,739	St. James’s Place Plc		245,651
	180,151	St. Modwen Properties Plc		966,829
	5,941	Staffline Group Plc		68,375
	964,432	Stagecoach Group Plc		1,657,596
	995	Stallergenes Greer Plc(a)		41,017
	71,021	Sthree Plc		279,322
	7,112	Stobart Group Ltd.		13,812
	19,091	Stock Spirits Group Plc		56,059
	17,015	Stolt-Nielsen Ltd.		213,263
	20,017	Subsea 7 SA		254,305
	9,436	Superdry Plc		63,634
	556,151	Synthomer Plc		3,045,644
	44,779	Talktalk Telecom Group Plc		72,552
	852,546	Tate & Lyle Plc		8,544,898
	333,945	Taylor Wimpey Plc		791,721
	2,195	Ted Baker Plc		46,154
	3,048	Telecom Plus Plc		56,156
	6,416	Topps Tiles Plc		6,306
	10,729	Torm PLC(a)		85,048
	65,712	TP ICAP Plc		241,245
	6,093	Tracsis Plc		52,044
	30,645	Travis Perkins Plc		559,172
	16,317	Trifast Plc		51,509
	120,482	Trinity Mirror Plc		116,115
	24,078	TT Electronics Plc		77,721
	197,617	Tullow Oil Plc(a)		579,438
	4,704	Tyman PLC		15,629
	30,872	U & I Group Plc		72,001
	7,942	Ultra Electronics Holdings Plc		165,192
	17,315	UNITE Group Plc (The), REIT		134,342
	14,160	United Utilities Group Plc		153,608

Shares			Value
UNITED KINGDOM (continued)
	2,718	Urban & Civic PLC	$	10,292
	201,816	Vectura Group Plc(a)		192,048
	81,509	Vesuvius Plc		657,604
	157,490	Victrex Plc		5,009,631
	10,169	Vitec Group Plc (The)		153,873
	4,601	Volution Group Plc		10,406
	512	Vp Plc		5,306
	70,207	Watkin Jones PLC		204,673
	9,784	Weir Group Plc (The)		212,654
	3,375	WH Smith Plc		90,296
	28,357	William Hill Plc		59,570
	15,003	Wilmington Plc		39,162
	9,147	Wincanton Plc		29,425
	294,308	Wm Morrison Supermarkets Plc		829,544
	3,039	Workspace Group Plc REIT		39,199
	599,920	Xaar Plc(c)		760,237
	15,974	YouGov Plc		93,776
	244	Young & Co.’s Brewery PLC - Class A		5,651
	2,976	Zeal Network SE		67,710
				254,729,372
UNITED STATES — 54.4%
	81,100	1-800-Flowers.com, Inc. - Class A(a)		1,726,619
	8,700	1st Constitution Bancorp		163,385
	32,500	1st Source Corp.		1,521,975
	645,200	A.O. Smith Corp.		33,918,164
	135,300	ACI Worldwide, Inc.(a)		4,805,856
	15,700	ACNB Corp.		594,559
	24,800	Acushnet Holdings Corp.		625,208
	27,800	Addus HomeCare Corp.(a)		1,887,620
	730,318	Aduro Biotech, Inc.(a)		2,987,001
	238,997	Advance Auto Parts, Inc.		39,749,981
	150,200	Advanced Disposal Services, Inc.(a)		4,857,468
	98,500	Advanced Drainage Systems, Inc.		2,762,925
	131,745	Aerovironment, Inc.(a)		9,032,437
	88,000	AG Mortgage Investment Trust, Inc. REIT		1,505,680
	58,500	Agilysys, Inc.(a)		1,119,105
	148,423	AGNC Investment Corp. REIT		2,640,445
	22,489	Alacer Gold Corp.(a)		59,592
	310,800	Alexander’s, Inc., REIT		1,302,252
	2,132	Alico, Inc.		59,227
	62,000	ALLETE, Inc.		5,049,900
	274,997	Alnylam Pharmaceuticals, Inc.(a)		24,568,232
	500,000	Altra Industrial Motion Corp.		18,745,000
	71,526	Ambarella, Inc.(a)		3,584,883
	9,000	Amedisys, Inc.(a)		1,150,380
	90,100	American Assets Trust, Inc., REIT		4,161,719
	7,700	American National Bankshares, Inc.		291,213

Shares			Value
UNITED STATES (continued)
	19,600	American Public Education, Inc.(a)	$	627,200
	102,500	American Software, Inc. - Class A		1,327,375
	62,900	American States Water Co		4,476,593
	6,500	America’s Car-Mart, Inc.(a)		643,825
	47,700	AMERISAFE, Inc.		2,824,794
	98,500	Amphastar Pharmaceuticals Inc(a)		2,126,615
	98,100	AngioDynamics, Inc.(a)		2,014,974
	21,700	ANI Pharmaceuticals, Inc.(a)		1,540,266
	319,244	Annaly Capital Management, Inc. REIT		3,221,172
	232,522	ANSYS, Inc.(a)		45,527,808
	3,408	Anworth Mortgage Asset Corp., REIT		1,293,779
	847,282	Apergy Corp.(a)		33,628,623
	175,925	Apollo Commercial Real Estate Finance, Inc. REIT		3,296,835
	29,400	Appfolio, Inc. - Class A(a)		2,855,034
	170,413	Appian Corp.(a)		6,150,205
	31,900	Applied Industrial Technologies, Inc.		1,912,086
	375,412	AptarGroup, Inc.(c)		41,760,831
	80,300	Arbor Realty Trust, Inc. REIT		1,096,898
	36,300	Arch Coal, Inc. - Class A		3,520,374
	88,600	Ares Commercial Real Estate Corp. REIT		1,346,720
	19,200	Argonaut Gold, Inc.(a)		24,794
	144,700	Armada Hoffler Properties, Inc. REIT		2,336,905
	10,902	Arrow Financial Corp.		366,852
	18,400	Artesian Resources Corp. - Class A		667,552
	48,600	Asbury Automotive Group, Inc.(a)		3,896,748
	14,200	Aspen Technology, Inc.(a)		1,731,122
	14,500	ATN International Inc.		885,225
	67,300	AtriCure, Inc.(a)		2,020,346
	5,940	Atrion Corp.		5,227,200
	565,000	Avanos Medical, Inc.(a)		23,701,750
	1,545,418	Axalta Coating Systems Ltd.(a)		41,695,378
	215,200	AxoGen, Inc.(a)		5,052,896
	109,192	Axon Enterprise, Inc.(a)		6,933,692
	713,100	B&G Foods, Inc.		18,540,600
	50,300	Balchem Corp.		5,105,953
	34,100	BancFirst Corp.		1,923,240
	27,000	Bank of Commerce Holdings		292,140
	22,000	Bank of Marin Bancorp		931,700
	49,700	BankFinancial Corp.		745,997
	62,300	Banner Corp.		3,303,146
	300,000	Barnes Group, Inc.		16,686,000
	22,100	Barrett Business Sevices, Inc.		1,610,206
	27,600	BCB Bancorp, Inc.		364,872
	169,971	Benefitfocus, Inc.(a)		6,922,919
	30,100	BG Staffing, Inc.		703,437
	124,600	Big Yellow Group Plc, REIT		3,531,164

Shares			Value
UNITED STATES (continued)
	5,665	Bizlink Holding, Inc.	$	36,744
	81,319	BJ’s Restaurants, Inc.		4,058,631
	68,100	Black Hills Corp.		4,954,956
	302,800	Blackbaud, Inc.		24,009,012
	506,795	Blackline, Inc.(a)		25,887,089
	268,239	Bloomin’ Brands, Inc.		5,362,098
	45,300	Bluerock Residential Growth REIT, Inc.		507,813
	47,400	Boston Beer Co., Inc. (The) - Class A(a)		14,694,474
	17,100	Bottomline Technologies de, Inc.(a)		864,747
	22,400	Braemar Hotels & Resorts REIT, Inc.		311,360
	197,830	Brinker International, Inc.		8,461,189
	31,800	British Land Co. Plc (The), REIT		2,576,436
	114,400	Brookline Bancorp, Inc.		1,721,720
	7,500	BRT Apartments Corp. REIT		105,225
	222,700	Bryn Mawr Bank Corp.		8,482,643
	1,889	Burford Capital Ltd.		40,419
	5,600	Byline Bancorp, Inc.(a)		112,111
	5,440	C&F Financial Corp.		263,839
	5,200	CACI International, Inc. - Class A(a)		1,013,688
	11,500	Calavo Growers, Inc.		1,101,815
	75,900	Cal-Maine Foods, Inc.		3,120,249
	3,000	Cambridge Bancorp		251,549
	10,200	Camden National Corp.		448,596
	155,000	Cantel Medical Corp.		10,685,700
	23,600	Capital City Bank Group, Inc.		541,384
	95,500	Capstead Mortgage Corp. REIT		820,345
	505,000	Cardiovascular Systems, Inc.(a)		17,947,700
	54,900	Carriage Services, Inc.		963,495
	97,500	Carrols Restaurant Group, Inc.(a)		956,475
	37,400	Casella Waste Systems, Inc. - Class A(a)		1,395,768
	44,620	Cass Information Systems, Inc.		2,201,105
	360,000	Catalent, Inc.(a)		16,135,200
	78,900	Cato Corp. - Class A		1,196,124
	137,000	CBIZ, Inc.(a)		2,645,470
	319,200	CDW Corp.		33,707,520
	30,000	Central Garden & Pet Co. - Class A(a)		734,400
	10,400	Central Garden & Pet Co. - Class A(a)		280,591
	20,900	Central Valley Community Bancorp		427,614
	1,200	Century Bancorp, Inc. - Class A		110,003
	85,034	CEVA, Inc.(a)		2,142,006
	95,100	ChannelAdvisor Corp.(a)		1,117,425
	50,100	Chase Corp.		4,692,867
	129,300	Chatham Lodging Trust REIT		2,545,917
	182,290	Cheesecake Factory, Inc. (The)		9,045,230
	432,109	Chegg, Inc.(a)		15,404,686
	6,200	Chemed Corp.		2,026,036

Shares			Value
UNITED STATES (continued)
	12,000	Chemung Financial Corp.	$	568,560
	57,000	Cherry Hill Mortgage Investment Corp. REIT		983,820
	44,100	Chesapeake Utilities Corp.		4,085,424
	11,100	Chuy’s Holdings, Inc.(a)		220,779
	98,166	Cinemark Holdings, Inc.		4,127,880
	28,800	Cision Ltd.(a)		347,328
	46,200	Citi Trends, Inc.		855,162
	17,700	City Holding Co.		1,405,026
	21,900	CNB Financial Corp.		623,712
	11,800	Coca-Cola Bottling Co. Consolidated		3,835,354
	635,690	Codexis, Inc.(a)(c)		12,523,093
	82,100	Cogent Communications Group, Inc.		4,534,383
	17,200	Columbia Sportswear Co.		1,719,484
	190,000	Community Bank System, Inc.		12,627,400
	2,600	Community Financial Corp. (The)		79,611
	43,600	Community Trust Bancorp, Inc.		1,842,100
	66,800	CommVault Systems, Inc.(a)		3,513,680
	52,500	Computer Programs & Systems, Inc.		1,595,475
	389,800	CONMED Corp.		31,195,694
	182,394	Cooper Cos., Inc.		52,879,668
	731,915	CoreLogic, Inc.(a)(c)		29,723,068
	42,300	Core-Mark Holding Co., Inc.		1,537,605
	40,800	Corenergy Infrastructure Trust, Inc., REIT		1,541,832
	55,200	Cornerstone OnDemand, Inc.(a)		3,016,680
	26,500	CorVel Corp.(a)		1,902,700
	6,617	Cott Corp.		102,537
	135,300	Covanta Holding Corp.		2,444,871
	27,700	CRA International, Inc.		1,442,616
	58,437	Cracker Barrel Old Country Store, Inc.		9,860,659
	29,500	CryoLife, Inc.(a)		904,470
	86,700	CSG Systems International, Inc.		3,871,155
	12,700	CSW Industrials, Inc.		761,365
	18,900	CTS Corp.		566,055
	41,500	Culp, Inc.		851,580
	525,000	CVB Financial Corp.		11,392,500
	48,556	Darden Restaurants, Inc.		5,710,186
	129,200	Darling Ingredients, Inc.(a)		2,817,852
	69,100	Dave & Buster’s Entertainment, Inc.		3,927,644
	2,600	Deckers Outdoor Corp.(a)		411,346
	111,400	Del Taco Restaurants, Inc.(a)		1,119,570
	232,422	Denny’s Corp.(a)		4,327,698
	104,499	DexCom, Inc.(a)		12,651,694
	163,678	Digimarc Corp.(a)(c)		4,875,968
	15,400	DineEquity, Inc.		1,365,364
	34,700	Diodes, Inc.(a)		1,263,774
	18,700	Donegal Group, Inc. - Class A		252,449
	520,120	Dover Corp.		50,992,565
	34,600	Ducommun, Inc.(a)		1,404,068

Shares			Value
UNITED STATES (continued)
	207,800	Dynex Capital, Inc. REIT	$	1,267,580
	6,000	Eastern Co. (The)		171,959
	26,900	EastGroup Properties, Inc. REIT		3,075,477
	5,000	Edgewell Personal Care Co.(a)		206,149
	22,300	El Paso Electric Co.		1,362,753
	78,400	El Pollo Loco Holdings, Inc.(a)		1,001,952
	820,000	Elf Beauty, Inc.(a)		10,487,800
	14,700	EMC Insurance Group, Inc.		472,017
	26,100	EMCOR Group, Inc.		2,196,054
	77,400	Employers Holdings, Inc.		3,322,008
	27,100	Encompass Health Corp.		1,746,595
	6,600	Ennis, Inc.		133,187
	81,600	Ensign Group, Inc. (The)		4,204,032
	11,300	Entegra Financial Corp.(a)		333,350
	3,800	Enterprise Bancorp, Inc.		120,573
	32,100	Enterprise Financial Services Corp.		1,365,534
	180,000	Envestnet, Inc.(a)		12,778,200
	9,400	EPAM Systems, Inc.(a)		1,685,984
	8,785	Epsilon Energy Ltd. - Canada(a)		37,246
	123,801	Equity Commonwealth REIT		3,936,872
	1,200	Escalade, Inc.		14,447
	9,800	ESSA Bancorp, Inc.		150,037
	107,000	Essent Group Ltd.(a)		5,077,150
	3,900	Evans Bancorp, Inc.		143,285
	201,240	Evolent Health, Inc. - Class A(a)		2,726,802
	290,000	Evoqua Water Technologies Corp.(a)		3,949,800
	123,257	Exact Sciences Corp.(a)		12,164,233
	87,800	Exantas Capital Corp. REIT		961,410
	8,500	ExlService Holdings, Inc.(a)		504,900
	23,100	Exponent, Inc.		1,307,922
	9,400	Fair Isaac Corp.(a)		2,629,650
	16,800	Farmer Brothers Co.(a)		338,688
	7,700	Farmers National Banc Corp.		110,803
	89,147	FARO Technologies, Inc.(a)		5,014,519
	28,300	FedNat Holding Co.		460,441
	59,300	Fiesta Restaurant Group, Inc.(a)		750,738
	47,700	Financial Institutions, Inc.		1,311,750
	57,400	First Bancorp		2,176,034
	2,400	First Bancshares, Inc. (The)		74,111
	1,700	First Bank/Hamilton NJ		19,397
	97,100	First Busey Corp.		2,509,064
	18,600	First Business Financial Services, Inc.		428,358
	4,400	First Citizens BancShares, Inc. - Class A		1,972,300
	11,800	First Community Bankshares Inc.		410,168
	59,000	First Defiance Financial Corp.		1,741,090
	16,100	First Financial Corp.		662,837
	200	First Guaranty Bancshares, Inc.		4,289
	79,300	First Interstate BancSystem, Inc. - Class A		3,351,218

Shares			Value
UNITED STATES (continued)
	11,600	First Mid-Illinois Bancshares, Inc.	$	400,084
	800	First Savings Financial Group, Inc.		46,479
	95,700	First Solar, Inc.(a)		5,888,421
	24,600	FirstCash, Inc.		2,402,928
	6,700	FONAR Corp.(a)		132,927
	33,000	Forrester Research, Inc.		1,678,380
	16,000	Forward Air Corp.		1,013,120
	78,200	Fresh Del Monte Produce, Inc.		2,307,682
	118,245	Freshpet, Inc.(a)		5,280,822
	9,200	FS Bancorp, Inc.		475,548
	73,662	FTI Consulting, Inc.(a)		6,259,797
	10,000	GCS Holdings, Inc.		19,656
	250,000	German American Bancorp, Inc.		7,462,500
	89,800	Getty Realty Corp. REIT		2,912,214
	91,100	Gladstone Commercial Corp. REIT		1,981,425
	62,400	Global Brass & Copper Holdings, Inc.		2,707,536
	132,700	Global Net Lease REIT, Inc.		2,530,589
	84,500	Globus Medical, Inc. - Class A(a)		3,810,105
	201,100	Gold Resource Corp.		736,026
	11,600	Great Ajax Corp. REIT		166,111
	27,100	Great Lakes Dredge & Dock Corp.(a)		277,233
	32,500	Great Southern Bancorp, Inc.		1,883,375
	209,412	GrubHub, Inc.(a)		13,986,627
	17,800	Guaranty Bancshares, Inc.		499,646
	131,768	Gulfport Energy Corp.(a)		863,080
	131,865	H&R Block, Inc.		3,588,047
	78,000	Hackett Group, Inc. (The)		1,197,300
	41,900	Haemonetics Corp.(a)		3,657,032
	30,400	Hancock Holding Co.		1,329,696
	306,135	Harris Corp.		51,583,748
	63,700	Haverty Furniture Cos., Inc.		1,517,334
	32,400	Hawkins, Inc.		1,195,884
	365,000	HB Fuller Co.		17,874,050
	73,200	HealthStream, Inc.(a)		1,916,376
	37,600	Heartland Financial USA, Inc.		1,688,240
	53,600	Heidrick & Struggles International, Inc.		1,917,808
	118,010	Helen of Troy Ltd.(a)		16,993,440
	7,000	Hemisphere Media Group, Inc.(a)		102,269
	7,800	Heritage Commerce Corp.		97,655
	37,300	Heritage Insurance Holdings, Inc.		508,772
	20,500	Heritage-Crystal Clean, Inc.(a)		588,965
	58,700	Hersha Hospitality Trust REIT		1,090,059
	18,800	Heska Corp.(a)		1,460,008
	80,100	Hillenbrand, Inc.		3,445,902
	12,000	Home Bancorp, Inc.		439,680
	48,500	HomeTrust Bancshares, Inc.		1,229,960
	1,945,000	Hostess Brands, Inc.(a)		26,063,000

Shares			Value
UNITED STATES (continued)
	13,600	Hurco Cos., Inc.	$	534,888
	58,100	Huron Consulting Group, Inc.(a)		2,807,973
	45,200	ICF International, Inc.		3,519,724
	7,300	ICU Medical, Inc.(a)		1,660,750
	52,600	IDACORP, Inc.		5,208,452
	217,530	IDEX Corp.		34,078,250
	29,900	Immersion Corp.(a)		282,555
	235,000	Independent Bank Corp.		18,854,050
	78,700	Independent Bank Corp.		1,694,411
	13,700	Industrial Logistics Properties Trust REIT		271,945
	46,400	Information Services Group, Inc.(a)		165,183
	330,109	Ingredion, Inc.		31,277,828
	215,000	Innospec, Inc.		18,236,300
	73,600	Insight Enterprises, Inc.(a)		4,164,288
	145,000	Insulet Corp.(a)		12,506,250
	51,000	Integer Holdings Corp.(a)		3,523,590
	582,100	Integra LifeScience Holdings Corp.(a)		30,379,799
	4,900	Inter Parfums, Inc.		355,201
	16,300	InterDigital, Inc.		1,065,857
	8,700	International Speedway Corp. - Class A		383,844
	248,900	Invesco Mortgage Capital, Inc., REIT		4,062,048
	54,800	Investors Bancorp Inc.		643,900
	35,200	Investors Real Estate Trust, REIT		2,121,856
	1,600	Investors Title Co.		270,271
	58,509	IPG Photonics Corp.(a)		10,223,278
	116,929	iRobot Corp.(a)		12,106,829
	61,500	J & J Snack Foods Corp.		9,666,570
	24,400	J Alexander’s Holdings, Inc.(a)		268,155
	86,311	j2 Global, Inc.		7,562,570
	58,503	Jabil, Inc.		1,767,376
	126,115	JM Smucker Co. (The)		15,465,482
	28,900	John B. Sanfilippo & Son, Inc.		2,083,979
	230,000	John Bean Technologies Corp.		25,251,700
	475,000	John Wiley & Sons, Inc. - Class A		21,935,500
	23,143	Juniper Networks, Inc.		642,681
	92,950	Jurong Technologies Industrial Corp. Ltd.(a)(b)		0
	135,503	K12, Inc.(a)		4,081,350
	63,000	Kaman Corp.		3,900,330
	1,068,655	KAR Auction Services, Inc.		60,357,634
	90,300	Kelly Services, Inc. - Class A		2,010,078
	11,800	Kemper Corp.		1,060,584
	64,200	Kforce, Inc.		2,312,484
	20,800	Kimball Electronics, Inc.(a)		314,704
	7,300	Kingstone Cos, Inc.		84,753
	1,953	Kingsway Financial Services, Inc.(a)		4,394
	48,500	Kinsale Capital Group, Inc.		3,521,100

Shares			Value
UNITED STATES (continued)
	103,394	KKR Real Estate Finance Trust, Inc. REIT	$	2,085,457
	199,055	Laboratory Corp of America Holdings(a)		31,832,876
	129,475	Ladder Capital Corp. REIT		2,252,865
	39,505	Lancaster Colony Corp.		5,874,789
	92,500	Landec Corp.(a)		972,175
	112,700	Laureate Education, Inc. - Class A(a)		1,773,898
	23,800	LCNB Corp.		404,600
	37,000	LeMaitre Vascular, Inc.		1,068,560
	110,579	Lendingtree, Inc.(a)		42,553,011
	113,000	Lexington Realty Trust REIT		1,024,910
	8,300	LHC Group, Inc.(a)		922,213
	70,000	Liberty Expedia Holdings, Inc. - Class A(a)		3,249,400
	1,800	Lithia Motors, Inc. - Class A		204,335
	185,000	LogMeln, Inc.		15,244,000
	50,400	Ltc Properties, Inc. REIT		2,271,024
	167,858	Luminex Corp.		3,828,841
	242,660	Lydall, Inc.(a)		5,971,863
	43,816	Magellan Health Services, Inc.(a)		3,067,120
	68,600	ManTech International Corp. - Class A		4,252,514
	33,800	Marcus & Millichap, Inc.(a)		1,456,780
	55,100	Marcus Corp. (The)		2,072,862
	92,726	MarketAxess Holdings, Inc.		25,808,428
	17,200	Marlin Business Services Corp.		374,788
	91,900	Masimo Corp.(a)		11,960,785
	51,400	Materion Corp.		2,982,742
	68,600	MAXIMUS, Inc.		5,052,390
	4,800	MBT Financial Corp.		48,191
	61,467	McGrath RentCorp.		3,810,954
	255,230	Medidata Solutions, Inc.(a)		23,057,478
	29,400	Merchants Bancorp/IN		710,892
	114,800	Meridian Bancorp, Inc.		1,976,856
	116,700	Meridian Bioscience, Inc.		1,343,217
	58,100	Merit Medical Systems, Inc.(a)		3,264,058
	10,100	Mesa Laboratories, Inc.		2,390,569
	618,960	MFA Financial, Inc. REIT		4,648,390
	5,400	MGE Energy, Inc.		366,066
	29,000	MGIC Investment Corp.(a)		424,560
	220,000	MGP Ingredients, Inc.		19,331,400
	25,000	MicroStrategy, Inc. - Class A(a)		3,742,500
	3,000	Middlefield Banc Corp.		121,649
	36,600	Middlesex Water Co.		2,122,434
	20,500	MidWestOne Financial Group, Inc.		577,690
	31,300	Miller Industries, Inc.		1,035,404
	40,800	Model N, Inc.(a)		756,432
	68,900	Monmouth Real Estate Investment Corp. REIT		946,686
	125,400	Monotype Imaging Holdings, Inc.		2,161,896
	9,400	Moog, Inc. - Class A		880,216
	21,000	Movado Group, Inc.		748,650

Shares			Value
UNITED STATES (continued)
	245,620	MSA Safety, Inc.	$	26,996,094
	70,500	MSG Networks, Inc. - Class A(a)		1,623,615
	16,200	MTS Systems Corp.		890,676
	54,700	Murphy USA, Inc.(a)		4,675,209
	7,900	MutualFirst Financial, Inc.		236,131
	39,800	MYR Group, Inc.(a)		1,438,770
	544,310	Nasdaq, Inc.		50,185,382
	11,400	Nathan’s Famous Inc.		787,170
	222,400	National CineMedia, Inc.		1,552,352
	148,900	National General Holdings Corp.		3,670,385
	24,400	National Health Investors, Inc. REIT		1,840,492
	62,228	National HealthCare Corp.		4,693,858
	81,781	National Instruments Corp.		3,851,885
	15,400	National Presto Industries, Inc.		1,640,100
	12,700	National Storage Affiliates Trust		371,602
	3,900	National Western Life Group, Inc.		1,040,208
	78,800	Natus Medical, Inc.(a)		2,108,688
	25,400	Navigant Consulting, Inc.		579,882
	290,000	Navigators Group, Inc.		20,282,600
	5,000	Nelnet, Inc. - Class A		290,249
	54,066	Neogen Corp.(a)		3,279,644
	104,400	New Jersey Resources Corp.		5,228,352
	240,000	New Relic, Inc.(a)		25,257,600
	15,300	NexPoint Residential Trust, Inc., REIT		573,597
	57,000	Nexteer Automotive Group Ltd.		89,379
	131,900	NextGen Healthcare, Inc.(a)		2,478,401
	5,900	NI Holdings, Inc.(a)		94,577
	178,100	NIC, Inc.		3,074,006
	22,800	Nicolet Bankshares, Inc.(a)		1,391,940
	197,726	NiSource, Inc.		5,492,828
	15,400	Northeast Bancorp		337,568
	20,300	Northrim Bancorp, Inc.		720,447
	216,000	Northwest Bancshares, Inc.		3,764,880
	70,600	NorthWestern Corp.		4,931,410
	4,950	Norwood Financial Corp.		159,291
	8,130	Novanta Inc.(a)		707,473
	250,000	NuVasive, Inc.(a)		15,150,000
	10,600	Nve Corp.		1,015,586
	117,900	OceanFirst Financial Corp.		2,968,722
	4,500	Oil-Dri Corp of America		143,145
	80,000	Okta, Inc.(a)		8,322,400
	45,900	Old Second Bancorp, Inc.		608,175
	38,200	Omnicell, Inc.(a)		3,069,752
	59,500	ONE Gas, Inc.		5,266,940
	40,300	One Liberty Properties, Inc. REIT		1,140,490
	44,300	Orthofix Medical, Inc.(a)		2,427,197
	5,300	OSI Systems, Inc.(a)		477,689
	63,600	Otter Tail Corp.		3,262,680
	32,200	Oxford Industries, Inc.		2,674,532
	4,300	Pacific City Financial Corp.		78,775

Shares			Value
UNITED STATES (continued)
	178,369	Pacira Pharmaceuticals, Inc./DE(a)	$	7,102,654
	103,400	Par Pacific Holdings, Inc.(a)		2,020,436
	11,040	Parke Bancorp, Inc.		252,595
	19,900	Patterson Cos., Inc.		434,616
	40,000	PC Connection, Inc.		1,486,400
	55,400	PCSB Financial Corp.		1,055,370
	148,200	Pennymac Mortgage Investment Trust REIT		3,112,200
	79,765	Penumbra, Inc.(a)		10,728,393
	3,600	Peoples Bancorp of North Carolina, Inc.		100,691
	34,900	Peoples Bancorp, Inc.		1,140,532
	3,400	Peoples Financial Services Corp.		147,899
	94,900	Perficient, Inc.(a)		2,793,856
	118,100	Performance Food Group Co.(a)		4,836,195
	20,400	Perspecta, Inc.		470,832
	58,800	Phibro Animal Health Corp. - Class A		2,040,948
	93,400	Photronics, Inc.(a)		872,356
	141,000	Piedmont Office Realty Trust, Inc. REIT - Class A		2,935,620
	52,800	PJT Partners, Inc. - Class A		2,276,736
	107,700	PNM Resources, Inc.		5,001,588
	101,200	Portland General Electric Co.		5,293,772
	91,000	Potbelly Corp.(a)		809,900
	11,900	Preferred Bank		585,361
	21,950	Premier Financial Bancorp Inc.		363,931
	490,000	Prestige Brands Holdings, Inc.(a)		14,415,800
	14,500	PRG-Schultz International, Inc.(a)		116,289
	57,000	Primo Water Corp.(a)		897,750
	106,700	Progress Software Corp.		4,866,587
	200,000	Prosperity Bancshares, Inc.		14,728,000
	36,300	Protective Insurance Corp. B Shares		589,875
	30,600	Providence Service Corp. (The)(a)		2,029,698
	141,300	Provident Financial Services, Inc.		3,747,276
	4,300	Prudential Bancorp, Inc.		75,077
	29,600	PS Business Parks, Inc. REIT		4,547,152
	1,200,000	Pure Storage, Inc. - Class A(a)		27,432,000
	2,711,221	PureTech Health PLC(a)(c)		6,994,743
	321,300	Q2 Holdings, Inc.(a)		24,232,446
	36,000	QAD Inc.		1,687,320
	20,700	QCR Holdings, Inc.		708,147
	215,000	Qualys, Inc.(a)		19,405,900
	47,433	Quest Diagnostics, Inc.		4,571,593
	12,800	Quidel Corp.(a)		818,432
	35,500	RadNet, Inc.(a)		429,905
	36,400	RCI Hospitality Holdings, Inc.		828,828
	19,300	Reading International, Inc. - Class A(a)		294,518

Shares			Value
UNITED STATES (continued)
	23,700	Regional Management Corp.(a)	$	587,049
	16,243	Reliance Worldwide Corp. Ltd.		55,891
	71,900	Renewable Energy Group, Inc.(a)		1,734,228
	125,200	Rent-A-Center, Inc.(a)		3,121,236
	24,000	Republic Bancorp, Inc. - Class A		1,134,240
	92,600	Resources Connection, Inc.		1,487,156
	46,000	Riverview Bancorp, Inc.		341,320
	19,600	RLI Corp.		1,594,068
	26,600	RMR Group Inc. (The) - Class A		1,538,544
	28,400	Rocky Brands, Inc.		724,484
	18,900	Rosetta Stone, Inc.(a)		476,658
	95,047	Rubius Therapeutics, Inc.(a)		1,662,372
	69,500	Rush Enterprises, Inc. - Class A		2,947,495
	85,400	Ruth’s Hospitality Group Inc.		2,218,692
	29,600	Ryman Hospitality Properties Inc. REIT		2,356,160
	7,400	Safehold, Inc.		186,701
	35,500	Safety Insurance Group, Inc.		3,298,660
	960,000	Sally Beauty Holdings, Inc.(a)		16,992,000
	11,219,450	Samsonite International SA(c)		32,177,145
	3,700	Sandy Spring Bancorp, Inc.		129,093
	20,800	Saul Centers, Inc. REIT		1,109,680
	72,200	ScanSource, Inc.(a)		2,718,330
	60,500	Schnitzer Steel Industries, Inc. - Class A		1,435,060
	36,900	SeaSpine Holdings Corp.(a)		543,537
	54,321	Seattle Genetics, Inc.(a)		3,681,877
	69,900	Selective Insurance Group, Inc.		4,984,569
	22,700	Seneca Foods Corp. Class A(a)		561,825
	425,000	Sensient Technologies Corp.		29,801,000
	91,200	Shenandoah Telecommunications Co.		3,769,296
	18,500	Shore Bancshares, Inc.		292,855
	39,200	Sierra Bancorp		1,037,232
	6,300	SilverBow Resources, Inc.(a)		114,281
	699,100	Simply Good Foods Co. (The)(a)		15,701,786
	29,478	Sims Metal Management Ltd.		214,712
	42,700	Simulations Plus, Inc.		962,031
	23,600	Sinclair Broadcast Group, Inc. - Class A		1,080,644
	566,770	Six Flags Entertainment Corp.		30,089,819
	5,300	SJW Corp.		328,918
	14,600	Southern First Bancshares, Inc.(a)		537,426
	21,600	Southern Missouri Bancorp, Inc.		724,680
	68,100	Southern National Bancorp of Virginia, Inc.		1,016,052
	103,166	Southwest Gas Holdings, Inc.		8,582,380
	64,400	SP Plus Corp.(a)		2,223,088
	46,000	SpartanNash Co.		743,820
	132,651	Spire, Inc.		11,167,888
	76,067	Splunk, Inc.(a)		10,500,289
	67,600	Spok Holdings, Inc.		936,260

Shares			Value
UNITED STATES (continued)
	38,100	SPS Commerce, Inc.(a)	$	3,952,494
	284,742	STAAR Surgical Co.(a)		9,248,420
	165,000	Standex International Corp.		10,901,550
	212,286	Starwood Property Trust, Inc., REIT		4,893,192
	23,300	Stepan Co.		2,156,182
	327,780	STERIS PLC		42,932,624
	28,400	Stewart Information Services Corp.		1,207,284
	219,200	Stock Yards Bancorp, Inc.		7,529,520
	207,635	Stratasys Ltd.(a)		4,827,514
	183,461	Sundance Energy Australia Ltd.(a)		60,369
	15,800	Superior Uniform Group, Inc.		264,491
	365,000	Supernus Pharmaceuticals, Inc.(a)		13,406,450
	109,200	Sykes Enterprises, Inc.(a)		3,030,300
	439,155	Synopsys, Inc.(a)		53,172,887
	44,600	Systemax, Inc.		1,012,866
	155,000	Talend SA - ADR(a)		7,684,900
	296,700	TEGNA, Inc.		4,723,464
	381,556	Teladoc, Inc.(a)		21,702,905
	157,833	Teleflex, Inc.		45,168,648
	200,900	TerraForm Power, Inc. - Class A		2,724,204
	19,200	Territorial Bancorp Inc.		555,840
	42,235	Tesla Motors, Inc.(a)		10,081,072
	76,200	Tetra Tech, Inc.		4,931,664
	76,700	Texas Roadhouse, Inc.		4,142,567
	13,100	Timberland Bancorp, Inc.		408,720
	32,600	Tiptree, Inc.		185,819
	7,100	TiVo Corp.		66,527
	156,571	Tootsie Roll Industries, Inc.		6,079,652
	99,600	TPG RE Finance Trust, Inc. REIT		1,963,116
	67,900	Tredegar Corp.		1,223,558
	350,000	TreeHouse Foods, Inc.(a)		23,443,000
	66,400	TriCo Bancshares		2,650,024
	258,800	TriMas Corp.(a)		8,004,684
	21,000	TrueBlue, Inc.(a)		507,360
	189,805	Trupanion, Inc.(a)		6,225,604
	169,100	TrustCo Bank Corp.		1,352,800
	9,900	TTEC Holdings, Inc.		360,954
	974,100	UBS Xiamen King Long Motor Group Co. Ltd. - A Shares(a)		1,317,646
	18,400	UFP Technologies, Inc.(a)		669,760
	355,000	UMB Financial Corp.		24,800,300
	23,300	UniFirst Corp.		3,684,429
	151,000	United Community Financial Corp.		1,390,710
	133,200	United Financial Bancorp, Inc.		1,756,908
	55,000	United Fire Group, Inc.		2,398,550
	47,700	Unitil Corp.		2,714,607
	59,500	Universal Corp.		3,204,670
	80,300	Universal Insurance Holdings, Inc.		2,392,137
	13,400	Universal Logistics Holdings, Inc.		327,228

Shares			Value
UNITED STATES (continued)
	81,600	Univest Corp. of Pennsylvania	$	2,057,952
	246,500	Upwork, Inc.(a)		4,927,535
	93,000	Urstadt Biddle Properties, Inc. - Class A REIT		2,039,490
	54,800	US Ecology, Inc.		3,343,348
	29,700	US Physical Therapy, Inc.		3,459,753
	28,300	USANA Health Sciences, Inc.(a)		2,361,918
	11,800	Utah Medical Products Inc.		995,920
	24,600	Varex Imaging Corp.(a)		807,864
	8,500	Vectrus, Inc.(a)		344,675
	134,726	Veeco Instruments, Inc.(a)		1,640,963
	86,200	Verint Systems, Inc.(a)		5,205,618
	300,695	Verisk Analytics, Inc.(a)		42,440,092
	53,000	Viad Corp.		3,249,430
	30,900	Village Super Market, Inc. - Class A		907,842
	18,900	Virtusa Corp.(a)		1,049,895
	31,800	Vishay Precision Group, Inc.(a)		1,204,266
	229,600	Vonage Holdings Corp.(a)		2,231,712
	177,400	Washington Trust Bancorp, Inc.		9,191,094
	41,574	Waste Connections, Inc.		3,858,559
	118,516	Waters Corp.(a)		25,307,907
	82,000	Waterstone Financial Inc.		1,357,920
	149,106	Wayfair, Inc. - Class A(a)		24,177,538
	24,400	WD-40 Co.		4,105,300
	89,190	Weis Markets, Inc.		3,750,440
	1,500,000	Welbilt, Inc.(a)		25,245,000
	8,100	West Bancorp, Inc.		169,857
	302,940	West Pharmaceutical Services, Inc.		37,500,943
	146,800	Western Asset Mortgage Capital Corp. REIT		1,544,336
	27,900	Westwood Holdings Group, Inc.		872,991
	20,200	Weyco Group, Inc.		693,062
	5,300	Winmark Corp.		978,115
	450,000	Wolverine World Wide, Inc.		16,564,500
	57,285	Woodward, Inc.		6,238,337
	393,155	Worldpay, Inc. - Class A(a)		46,081,698
	1,006,690	Wyndham Hotels & Resorts, Inc.		56,092,767
	89,800	Xperi Corp.		2,231,530
	1,487,044	Yext, Inc.(a)		32,581,134
	900	York Water Co.		30,627
	92,962	Zillow Group, Inc. - Class A(a)		3,087,268
	366,676	Zillow Group, Inc. - Class C(a)		12,246,978
	198,914	Zuora, Inc. - Class A(a)		4,395,999
				3,329,634,003
VIETNAM — 0.0%
	391,530	PetroVietnam Drilling & Well Services JSC(a)		321,353
	1,088,845	Saigon - Hanoi Commercial Joint Stock Bank(a)		352,225

Shares				Value
VIETNAM (continued)
	291,550	Vietnam National Petroleum Group		$	782,033
					1,455,611
Total Common Stocks (Cost $4,710,810,860)					5,604,436,536

INVESTMENT COMPANY — 0.8%
	48,993,806	SEI Daily Income Trust Government II Fund, Class A 2.25%(d)			48,993,806
Total Investment Company (Cost $48,993,805)					48,993,806

EXCHANGE-TRADED FUNDS — 5.4%
	1,125,000	iShares Russell 2000 Index Fund ETF	2.9		178,076,250
	751,000	SPDR S&P Regional Banking ETF	0.7		41,905,800
	1,802,000	VanEck Vectors Gold Miners ETF	0.6		37,643,780
	2,398,000	VanEck Vectors Junior Gold Miners ETF	1.2		70,333,340

RIGHTS/WARRANTS — 0.0%
AUSTRALIA — 0.0%
	1,710	Centrebet Litigation Rights, Expiring 12/1/2049(a)(b)			0
	1,710	Centrebet Litigation Units, Expiring 12/1/2049(a)(b)			0
					0
BELGIUM — 0.0%
	494	Aedifica SA, Expiring 5/6/2019			2,161
CHINA — 0.0%
	619	China International Marine, Expiring 12/31/2019(b)			0
GREECE — 0.0%
	9,600	Ligand Pharmaceuticals, Inc. Contingent Value Rights(a)(b)			0
HONG KONG — 0.0%
	128,742	GVC Holdings Plc. - CVR Shares, Expiring 12/31/2030(a)(b)			0
	9,812	Intercell Contigent Value Rights AG, Expiring 5/22/2029(a)(b)			0
					0

Shares			Value
INDIA — 0.0%
	92	Hatsun Agro, Expiring 6/1/2019(a)	$	195
	137,357	Bharti Airtel Ltd., Expiring 5/17/2019(a)		0
				195
INDONESIA — 0.0%
	796,300	Medco Energi Internasional Tbk PT Warrants, Expiring 12/11/2020		14,753
KOREA — 0.0%
	7,410	Doosan Heavy Industries & Construction Co. Ltd., Expiring 5/9/2019(a)		9,134
SPAIN — 0.0%
	169,647	Ezion Holdings Ltd., Expiring 4/16/2023(a)		0
Total Rights/Warrants (Cost $1,825)				26,243

Principal Amount
U.S. GOVERNMENT AGENCIES — 0.6%
Federal Home Loan Bank — 0.6%
$	39,000,000	2.30%, 05/01/2019(e)		39,000,000
Total U.S. Government Agencies (Cost $39,000,000)				39,000,000

Shares			Value
CASH SWEEP — 1.0%
	61,263,240	Citibank - US Dollars on Deposit in Custody Account, 0.12%(a)(d)		61,263,240
Total Cash Sweep (Cost $61,263,240)				61,263,240
TOTAL INVESTMENTS — 99.3% (Cost $5,191,215,313)				6,081,678,995
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.7%				41,993,044
NET ASSETS — 100.0%			$	6,123,672,039

(a)	Non-income producing security.
(b)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $22,056,910 or 0.36% of net assets.
(d)	The rate shown represents the current yield as of April 30, 2019.
(e)	The rate represents the annualized yield at time of purchase.

	The following abbreviations are used in the report:

ADR — American Depositary Receipt

CPO — Certificate of Participation-Common

CVR — Contingent Value Rights

DVR — Differential Voting Rights

FOR — Foreign Ownership Restrictions

GDR — Global Depositary Receipt

NVDR — Non Voting Depositary Receipt

NZD — New Zealand Dollar

REIT — Real Estate Investment Trust

SDR — Swedish Depositary Receipt

USD — U.S. Dollar

VVPR — Voter Verified Paper Record

Portfolio diversification by Sector (Unaudited)
Sector	Percentage of Net Assets
Industrials		16.6	%
Information Technology		15.6
Health Care		14.7
Consumer Discretionary		12.4
Banks		6.9
Materials		6.7
Consumer Staples		5.6
Diversified Financials		3.7
Real Estate		2.9
Utilities		2.3
Energy		2.2
Insurance		2.0
Telecommunication Services		1.6
Financials		10.8
Other		5.4
Total		100.0	%

Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

[Note that until the date that the registrant has filed its first report on Form N-PORT (17 CFR 270.150), the registrant’s disclosures required by this Item are limited to any change in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting.]

[Note that until the date that the registrant has filed its first report on Form N-PORT (17 CFR 270.150), in the certification required by Item 13(a)(2), the registrant’s certifying officers must certify that they have disclosed in the report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect the registrant’s internal control over financial reporting.]

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

	Actual Beginning Account Value 11/1/18		Actual Ending Account Value 04/30/19		Actual Expenses Paid During Period* 11/1/18-04/30/19		Actual Expense Ratio During Period** 11/1/18-04/30/19
All Cap Core Fund		$1,000.00		$1,120.90		$5.15		0.98	%
Large Cap Strategies Fund		1,000.00		1,096.80		5.77		1.11	%
All Cap ESG Fund		1,000.00		1,080.00		5.16		1.00	%
Small & Mid Cap Strategies Fund		1,000.00		1,075.20		5.71		1.11	%
Strategic Opportunities Fund		1,000.00		1,055.20		6.11		1.20	%
Fixed Income Fund		1,000.00		1,039.50		2.93		0.58	%
Municipal Bond Fund		1,000.00		1,042.80		2.89		0.57	%
California Municipal Bond Fund		1,000.00		1,025.00		2.34		0.57	%
New York Municipal Bond Fund		1,000.00		1,029.40		2.35		0.57	%

	Hypothetical Beginning Account Value 11/1/18		Hypothetical Ending Account Value 04/30/19		Hypothetical Expenses Paid During Period* 11/1/18-04/30/19		Hypothetical Expense Ratio During Period** 11/1/18-04/30/19
All Cap Core Fund		$1,000.00		$1,019.93		$4.91		0.98	%
Large Cap Strategies Fund		1,000.00		1,019.29		5.56		1.11	%
All Cap ESG Fund		1,000.00		1,019.84		5.01		1.00	%
Small & Mid Cap Strategies Fund		1,000.00		1,019.29		5.56		1.11	%
Strategic Opportunities Fund		1,000.00		1,018.84		6.01		1.20	%
Fixed Income Fund		1,000.00		1,021.92		2.91		0.58	%
Municipal Bond Fund		1,000.00		1,021.97		2.86		0.57	%
California Municipal Bond Fund		1,000.00		1,017.96		2.33		0.57	%
New York Municipal Bond Fund		1,000.00		1,017.96		2.33		0.57	%

Old Westbury Funds, Inc.
All Cap Core Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
All Cap Core Fund
Portfolio of Investments - (Continued)	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
Large Cap Strategies Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Disclosure of Fund Expenses	3
Portfolios of Investments:
All Cap Core Fund	5
Large Cap Strategies Fund	7
All Cap ESG Fund	14
Small & Mid Cap Strategies Fund	17
Strategic Opportunities Fund	22
Fixed Income Fund	46
Municipal Bond Fund	50
California Municipal Bond Fund	76
New York Municipal Bond Fund	86
Statements of Assets and Liabilities	98
Statements of Operations	101
Statements of Changes in Net Assets	104
Financial Highlights:
All Cap Core Fund	109
Large Cap Strategies Fund	110
All Cap ESG Fund	111
Small & Mid Cap Strategies Fund	112
Strategic Opportunities Fund	113
Fixed Income Fund	114
Municipal Bond Fund	115
California Municipal Bond Fund	116
New York Municipal Bond Fund	117
Notes to Financial Statements	118
Additional Information	138

Old Westbury Funds, Inc.
Disclosure of Fund Expenses	*For the Period Ended April 30, 2019*

Old Westbury Funds, Inc.
Disclosure of Fund Expenses - (Continued)
	*For the Period Ended April 30, 2019*

Old Westbury Funds, Inc.
All Cap ESG Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
Small & Mid Cap Strategies Fund
Condensed Portfolio of Investments	*April 30, 2019* *(Unaudited)*

Old Westbury Funds, Inc.
Small & Mid Cap Strategies Fund
Condensed Portfolio of Investments - (Continued)	*April 30, 2019* *(Unaudited)*

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Consolidated Portfolio of Investments	*April 30, 2019*
	*(Unaudited)*

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Consolidated Portfolio of Investments - (Continued)	*April 30, 2019*
	*(Unaudited)*

Description	Counterparty	Strike Price		Units			Expiration Date	Notional Amount (000)		Value

Structured Options

Equity Options
Euro STOXX 50 Index	Credit Suisse International		3,500.00		—		05/17/2019		2,100,000	$	4,910,333
Russell 2000 Index	Credit Suisse International		1,588.83		(64,828	)	05/31/2019		206,000		3,543,330
Euro STOXX 50 Index	BNP Paribas SA		29.45		240,824		06/21/2019		800,000		14,017,218
S&P 500 Index	Societe Generale		3,375.00		—		06/21/2019		289,000		2,252,824
FTSE 100 Price Return Index	UBS AG		99.98		13,980		06/21/2019		102,000		3,124,312
S&P 500 Index	UBS AG		2,878.45		35,875		06/21/2019		99,000		1,160,994
FTSE MIB Index	Credit Suisse International		119.31		—		06/21/2019		5,500		4,681,757
NIKKEI 225 Index	Citibank N.A.		22,038.66		514,726		06/28/2019		1,080,000		2,356,184
S&P 500 Index	Citibank N.A.		2,555.00		—		06/28/2019		92,000		8,887,851
iShares FTSE Xinhua China 25 Index	Citibank N.A.		41.18		—		07/18/2019		100,000		4,859,456
iShares MSCI Emerging Markets	BNP Paribas SA		41.53		—		07/18/2019		100,000		4,325,770
Euro STOXX 50 Index	Bank of America N.A.		3,617.28		—		07/19/2019		1,840,000		10,150,781
SPX 500 Index	Credit Suisse International		2,829.26		(53,548	)	07/31/2019		248,000		7,371,234
S&P 500 Index	Goldman Sachs International		2,921.47		—		07/31/2019		100,999		1,799,535
Euro STOXX Bank Index	BNP Paribas SA		97.22		3,895,902		08/29/2019		375,000		7,452,976
iShares FTSE Xinhua China 25 Index	Citibank N.A.		44.90		—		08/30/2019		400,000		2,047,308
SPX 500 Index	Credit Suisse International		2,874.50		70,000		08/30/2019		204,000		7,748,415
Taiwan Capitalization Weighted Stock Index	BNP Paribas SA		10,087.56		(5,056	)	09/18/2019		250,000		6,582,018
iShares MSCI EAFE ETF	Credit Suisse International		66.47		2,301,673		09/20/2019		153,000		2,184,518
iShares MSCI Emerging Markets	Societe Generale		39.00		2,341,920		09/20/2019		89,000		3,195,550
S&P 500 Index	JPMorgan Chase Bank, N.A.		2,921.91		—		09/20/2019		75,000		1,695,550
NKY Index	JPMorgan Chase Bank, N.A.		21,852.05		9,244		09/30/2019		200,000		5,706,521
KRE UP Equity	JPMorgan Chase Bank, N.A.		52.22		3,906,601		09/30/2019		200,000		4,160,921
S&P 500 Index	JPMorgan Chase Bank, N.A.		25.87		(1,933,017	)	09/30/2019		150,000		4,846,267
iShares MSCI EAFE ETF	Citibank N.A.		60.89		3,087,082		10/30/2019		188,000		5,767,595
Euro STOXX 50 Index	Citibank N.A.		3,099.12		(24,442	)	12/18/2019		300,000		10,865,770
iShares MSCI Emerging Markets	UBS AG		43.86		(1,511,627	)	12/20/2019		195,000		2,720,327
Euro STOXX 50 Dividend Index	UBS AG		110.00		327,225		12/20/2019		36,000		1,655
Euro STOXX 50 Dividend Index	BNP Paribas SA		115.00		600,000		12/20/2019		6,600		8,334
											138,425,304
S&P 500 Index	JPMorgan Chase Bank, N.A.		2,921.91		(1,000,000	)	12/20/2019		7,400		(6,725,696	)
SPX Index	JPMorgan Chase Bank, N.A.		18.00		(500,000	)	12/20/2019		500		(3,076,008	)
											(9,801,704	)
											128,623,600

Foreign Currency Options
EUR/USD Foreign Exchange Rate	Citibank N.A.		—		—		09/20/2019		200,000		3,783,000
CHF/BRL Foreign Exchange Rate	JPMorgan Chase Bank, N.A.		4.00		(50,000,000	)	03/11/2020	CHF	50,000		(2,758,526	)
											1,024,474

Total Structured Options (Premium paid $41,361,935)										$	129,648,074

Reference Entity - Long:
	Notional Amount					% of Basket
Indexes	(000)		Value			Value
S&P GSCI Brent Crude Official Close Index ER		158,000		(436,115	)		40	%
S&P GSCI Gold Official Close Index ER		79,000		(218,058	)		20	%
S&P GSCI Aluminum Official Close Index ER		39,500		(109,029	)		10	%
S&P GSCI Copper Official Close Index ER		39,500		(109,029	)		10	%
S&P GSCI Nickel Official Close Index ER		39,500		(109,029	)		10	%
S&P GSCI Zinc Official Close Index ER		39,500		(109,029	)		10	%
Total Reference Entity - Long		395,000		(1,090,289	)		100	%

	Paid by the Fund		Received by the Fund			Termination	Notional Amount				Upfront Premiums Paid		Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Rate	Counterparty	Date	(000)		Value		(Received)		(Depreciation)

USD 30 Year Futures Index	Quarterly	179.4436	Quarterly	131.6220	BNP Paribas SA	05/08/19	EUR10,000	$	17,000		$	—	$	538,063
USD 30 Year Futures Index	Quarterly	187.6225	Quarterly	131.2557	BNP Paribas SA	10/08/19	EUR10,000		(16,875	)		—		(33,834	)

Total Return Swaps								$	504,229		$	—	$	504,229

Reference Entity	Variance Strike Price	Counterparty	Payment/ Expiration Date	Notional Amount (000)		Value			Upfront Premium Paid (Received)	Unrealized Appreciation (Depreciation)

Variance/Volatility Swaps
GS Momentum Bldr Index^*	6.15	Goldman Sachs International	05/10/2019		300,000		2,481,321		—	$	2,481,321
AUD/JPN S&P/ASX 200 Index^*	9.8/16	Societe Generale	06/21/2019		128,800		2,622,554		—		2,622,554
S&P Index	19.90	BNP Paribas SA	12/20/2019		100,000		3,102,013		—		3,102,013
AUD/USD S&P/ASX 200 Index	9.5/15.8	JPMorgan Chase Bank, N.A	06/20/2019	AUD	100,000		2,756,456		—		2,756,456
S&P Index	21.10	Societe Generale	12/18/2019		100,000		1,718,012		—		1,718,012
SPX Index/KOSPI12 Index	80.00	Societe Generale	12/19/2019		100,000		780,000		—		780,000
S&P/ASX 200/Nikkei 225^*	334.90	UBS AG	12/13/2019		80,000		2,302,792		—		2,302,792
S&P 500 Index^*	33.05	JPMorgan Chase Bank, N.A	12/20/2019		75,643		6,539,198		—		6,539,198
S&P 500 Index	20.70	BNP Paribas SA	12/20/2019		75,643		798,030		—		798,030
AUD/JPN S&P/ASX 200 Index	11.75	BNP Paribas SA	06/20/2019	AUD	75,000		1,089,762		—		1,089,762
AUD/USD S&P/ASX 200 Index	10.95	Societe Generale	12/19/2019	AUD	70,500		753,265		—		753,265
AUD/JPN S&P/ASX 200 Index	10.9/17.4	UBS AG	12/19/2019		70,000		983,508		—		983,508
HSCEI Index	27.30	Societe Generale	12/30/2018	HKD	51,100		2,734,767		—		2,734,767
NASDAQ 100 Index	27.80	JPMorgan Chase Bank, N.A	09/20/2019		50,000		3,521,898		—		3,521,898
HSCEI Index	25.45	Societe Generale	12/21/2019		50,000		2,357,701		—		2,357,701
KOSPI 200 Index	19.25	BNP Paribas SA	12/12/2019		50,000		1,718,709		—		1,718,709
NASDAQ 100 Index	24.40	BNP Paribas SA	12/20/2019		50,000		1,501,532		—		1,501,532
S&P/ASX 200/Nikkei 225^*	357.21	UBS AG	12/13/2019		50,000		1,399,509		—		1,399,509
Russell 2000/S&P 500 Index^*	1.25	Citibank N.A.	06/21/2019		50,000		593,331		—		593,331
Russell 2000/S&P 500 Index^*	17.55	JPMorgan Chase Bank, N.A	06/21/2019		50,000		536,235		—		536,235
HSCEI Index	25.17	JPMorgan Chase Bank, N.A	06/27/2019		50,000		346,680		—		346,680
											40,637,273
BXIIC 10T	19.90	BNP Paribas SA	07/31/2019		50,000		(229,358	)	—		(229,358	)
HSCEI Index/S&P 500^*	23.35	Societe Generale	12/20/2019		50,000		(335,000	)	—		(335,000	)
HSCEI Index/S&P 500	24.50	Societe Generale	06/21/2019		50,000		(642,369	)	—		(642,369	)

Reference Entity	Volatility Strike Price	Counterparty	Payment/ Expiration Date	Notional Amount (000)		Value		Upfront Premium Paid (Received)	Unrealized Appreciation (Depreciation)

Variance/Volatility Swaps
Nikkei 225/S&P 500 Index	18.5/17.1	UBS AG	12/13/2019		200,000	3,770,536		—		$ 3,770,536
AUD/USD - USD/CHF	10.95/17.75	UBS AG	12/19/2019		100,000	1,853,433		—		1,853,433
Nikkei 225/S&P 500 Index^*	17.9/17.2	Societe Generale	06/19/2020		50,000	1,780,000		—		1,780,000
Nikkei 225/S&P 500 Index	18/18	JPMorgan Chase Bank, N.A.	12/20/2019		50,000	1,693,969		—		1,693,969
Nikkei 225/S&P 500 Index	17.9/17.7	Societe Generale	12/20/2019		50,000	1,530,000		—		1,530,000
Nikkei 225/S&P 500 Index	18.2/17.15	Societe Generale	12/20/2019		10,000	2,240,000		—		2,240,000
										12,867,938
USD/JPN	6.7	Citibank N.A.	04/19/2021		200,000	(1,041,160	)	—		(1,041,160	)
AUD/JPN	11.20	Goldman Sachs International	11/23/2020	AUD	125,000	(1,405,308	)	—		(1,405,308	)
AUD/JPY	9.7	Citibank N.A.	04/23/2019		100,000	(43,808	)	—		(43,808	)
HSCEI /S&P 500 Index^*	21.7/17.55	Societe Generale	12/20/2019		100,000	(560,000	)	—		(560,000	)
HSCEI /S&P 500 Index^*	21.3/16.85	Societe Generale	12/20/2019		100,000	(770,000	)	—		(770,000	)
USD/CHF	5.75	UBS AG	05/31/2019		100,000	(1,533,096	)	—		(1,533,096	)
HSCEI /S&P 500 Index	21.35/16.4	Societe Generale	06/19/2020		100,000	(1,600,000	)	—		(1,600,000	)
CHF/USD	8.3	Goldman Sachs International	12/14/2020		100,000	(1,891,981	)	—		(1,891,981	)
HSCEI /S&P 500 Index	21.70/17	Societe Generale	12/18/2019		100,000	(1,960,000	)	—		(1,960,000	)
HSCEI /S&P 500 Index	22.6/18	UBS AG	12/30/2020		100,000	(2,048,741	)	—		(2,048,741	)
USD/EUR	8.35/8.35	JPMorgan Chase Bank, N.A.	12/08/2020		100,000	(2,048,964	)	—		(2,048,964	)
USD/EUR	7.8	Citibank N.A.	07/01/2019		100,000	(2,390,930	)	—		(2,390,930	)
GOLDLNPM Index	11.3/11.3	Citibank N.A.	07/26/2019		50,000	(1,178,877	)	—		(1,178,877	)
XAU/EUR	12.33	UBS AG	12/06/2019	EUR	50,000	(2,070,104	)	—		(2,070,104	)
XAU/EUR	12.7	UBS AG	12/06/2019		50,000	(3,235,654	)	—		(3,235,654	)
										(23,778,623	)

Total Variance/Volatility Swaps										$(10,910,685	)

Old Westbury Funds, Inc.
Fixed Income Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
Municipal Bond Fund
Portfolio of Investments	*April 30, 2019*
	*(Unaudited)*

Old Westbury Funds, Inc.
California Municipal Bond Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
New York Municipal Bond Fund
Portfolio of Investments	April 30, 2019 (Unaudited)

Old Westbury Funds, Inc.
Statements of Assets and Liabilities
	*April 30, 2019 (Unaudited)*

	ALL CAP CORE FUND			LARGE CAP STRATEGIES FUND			ALL CAP ESG FUND			SMALL & MID CAP STRATEGIES FUND
ASSETS:
Investments, at fair value		$	1,976,899,520		$	16,750,081,429		$	35,539,218		$	6,081,678,995
Foreign currency, at value (Cost $0, $100,716, $0 and $5,396,047, respectively)			—			100,391			—			5,398,697
Cash			2			212,254			1			29,864,840
Dividends and interest receivable			838,136			30,153,579			92,967			9,035,494
Receivable for Fund shares sold			363,235			6,238,268			—			2,762,534
Receivable for investments sold			—			25,876,014			—			17,407,943
Prepaid expenses			11,051			35,932			31,321			18,558
Total Assets			1,978,111,944			16,812,697,867			35,663,507			6,146,167,061
LIABILITIES:
Payable for Fund shares redeemed			778,613			8,875,455			—			1,695,325
Payable for investments purchased			938,449			2,638,454			52,945			14,856,549
Deferred tax liability (Note 9)			—			1,093,130			—			62,913
Accrued expenses and other payables:
Investment advisory			1,096,553			11,079,679			8,534			4,030,564
Administration			99,687			826,401			5,859			303,640
Shareholder servicing fee			318,434			2,731,392			5,789			994,750
Custody			13,980			543,808			—			104,083
Directors			13,527			124,076			216			47,306
Legal and Audit			54,764			391,445			12,495			181,011
Other			34,944			389,155			5,902			218,881
Total Liabilities			3,348,951			28,692,995			91,740			22,495,022
NET ASSETS		$	1,974,762,993		$	16,784,004,872		$	35,571,767		$	6,123,672,039
NET ASSETS consist of:
Capital paid-in		$	1,409,179,336		$	12,866,950,277		$	34,660,858		$	5,044,832,269
Total distributable earnings/(accumulated gain)			565,583,657			3,917,054,595			910,909			1,078,839,770
NET ASSETS		$	1,974,762,993		$	16,784,004,872		$	35,571,767		$	6,123,672,039
Net Asset Value, maximum offering price and redemption price per share		$	18.26		$	14.56		$	10.25		$	15.12
Number of shares authorized			2,500,000,000			3,000,000,000			3,500,000,000			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			108,150,122			1,153,036,615			3,470,701			405,049,235
INVESTMENTS, AT COST		$	1,450,855,526		$	13,389,985,243		$	34,066,238		$	5,191,215,313

Old Westbury Funds, Inc.
Statements of Assets and Liabilities - (Continued)
	*April 30, 2019 (Unaudited)*

	STRATEGIC OPPORTUNITIES FUND(a)
ASSETS:
Investments, at fair value		$	4,829,257,220
Foreign currency, at value (Cost $286,998,931)			285,598,038
Cash			68,912
Segregated cash for futures contracts (Note 6)			630,000
Due from broker for collateral			10,580,000
Structured option contracts, at value (Premium paid $52,263,098)			142,208,304
Dividends and interest receivable			7,031,150
Receivable for Fund shares sold			2,970,095
Receivable for investments sold			24,192,603
Unrealized appreciation on swap contracts			54,043,274
Unrealized appreciation on forward foreign currency exchange contracts			461,998
Variation margin			28,000
Prepaid expenses			16,767
Total Assets			5,357,086,361
LIABILITIES:
Payable to brokers for collateral			105,945,000
Written option contracts, at value (Premium received $7,861,872)			3,475,000
Structured option contracts, at value (Premium paid $10,901,163)			12,560,230
Payable for Fund shares redeemed			2,057,744
Payable for investments purchased			27,937,957
Unrealized depreciation on swap contracts			27,279,473
Unrealized depreciation on forward foreign currency exchange contracts			553,653
Accrued expenses and other payables:
Investment advisory			3,989,545
Administration			272,558
Shareholder servicing fee			863,107
Custody			81,024
Directors			43,792
Legal and Audit			56,356
Other			174,546
Total Liabilities			185,289,985
NET ASSETS		$	5,171,796,376
NET ASSETS consist of:
Capital paid-in		$	5,085,232,054
Total distributable earnings/(accumulated loss)			86,564,322
NET ASSETS		$	5,171,796,376
Net Asset Value, maximum offering price and redemption price per share		$	7.52
Number of shares authorized			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			687,605,263
INVESTMENTS, AT COST		$	4,907,345,163

	FIXED INCOME FUND				MUNICIPAL BOND FUND		CALIFORNIA MUNICIPAL BOND FUND		NEW YORK MUNICIPAL BOND FUND
ASSETS:
Investments, at fair value		$	1,194,845,029		$	2,844,047,750	$	281,888,753		$	369,798,932
Cash			—			1		—			1
Dividends and interest receivable			6,687,737			31,907,444		2,873,762			4,263,656
Receivable for Fund shares sold			439,840			1,895,365		606,750			2,767,500
Receivable for investments sold			6,185,251			—		—			279,024
Prepaid expenses			9,347			11,641		8,153			—
Total Assets			1,208,167,204			2,877,862,201		285,377,418			377,109,113
LIABILITIES:
Payable for Fund shares redeemed			56,109			53,965		15,250			369,000
Payable for investments purchased			5,017,852			27,766,727		6,054,006			—
Accrued expenses and other payables:
Investment advisory			277,231			660,999		58,214			81,954
Administration			60,829			136,891		17,150			21,585
Shareholder servicing fee			195,350			458,760		44,925			60,530
Custody			14,652			34,406		3,369			4,540
Directors			6,650			16,760		—			299
Legal and Audit			35,742			66,827		5,822			5,781
Other			14,269			63,758		5,095			4,397
Total Liabilities			5,678,684			29,259,093		6,203,831			548,086
NET ASSETS		$	1,202,488,520		$	2,848,603,108	$	279,173,587		$	376,561,027
NET ASSETS consist of:
Capital paid-in		$	1,212,615,073		$	2,815,659,596	$	275,468,146		$	370,410,338
Total distributable earnings/(accumulated loss)			(10,126,553	)		32,943,512		3,705,441			6,150,689
NET ASSETS		$	1,202,488,520		$	2,848,603,108	$	279,173,587		$	376,561,027
Net Asset Value, maximum offering price and redemption price per share		$	11.07		$	12.04	$	10.21		$	10.25
Number of shares authorized			2,000,000,000			2,000,000,000		2,000,000,000			2,000,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			108,580,187			236,576,383		27,342,279			36,743,361
INVESTMENTS, AT COST		$	1,185,955,826		$	2,804,712,890	$	278,879,817		$	364,781,766

Old Westbury Funds, Inc.
Statements of Operations
	*For the Period Ended April 30, 2019 (Unaudited)*

	ALL CAP CORE FUND				LARGE CAP STRATEGIES FUND			ALL CAP ESG FUND			SMALL & MID CAP STRATEGIES FUND
INVESTMENT INCOME:
Interest		$	—		$	4,619,035		$	—			$	1,762,337
Dividends			13,930,988			163,152,563			431,342				43,233,934
Foreign tax withheld			—			(8,883,716	)		(32,195	)			(2,176,091	)
Total investment income			13,930,988			158,887,882			399,147				42,820,180
EXPENSES:
Investment advisory fees			6,268,912			64,826,845			119,222				24,113,224
Shareholder servicing fees			1,814,460			15,974,263			31,793				5,673,700
Administration and Accounting fees			422,712			3,624,816			19,416				1,295,163
Custodian fees			144,505			2,650,609			5,321				825,648
Directors fees and expenses			29,005			258,677			444				91,784
Insurance premiums			12,121			39,416			8,775				20,357
Legal and Audit fees			42,476			349,327			4,764				148,909
Printing and postage fees			10,676			66,040			4,059				26,314
Registration fees			22,513			78,798			2,635				46,612
Transfer agent fees			93,277			790,763			6,631				295,750
Offering expenses			—			—			24,421				—
Miscellaneous expenses			8,671			62,114			6,668				381,480
Total expenses			8,869,328			88,721,668			234,149				32,918,941
Expenses waived by Adviser (Note 7)			—			—			(75,186	)			(1,429,908	)
Net expenses			8,869,328			88,721,668			158,963				31,489,033
NET INVESTMENT INCOME			5,061,660			70,166,214			240,184				11,331,147
NET REALIZED AND CHANGE IN UNREALIZED GAIN/(LOSS) ON INVESTMENTS, FOREIGN CURRENCY TRANSACTIONS, NET OF FOREIGN TAXES:
Net realized gains/(loss) on:
Investments			37,673,542			541,831,887			(98,355	)			201,750,493
Foreign capital gains tax			—			—			—				(564,643	)
Forward foreign currency exchange contracts			—			(10,849,633	)		(12,239	)			(1,041,072	)
Foreign currency transactions			9,768			7,982,400			(1,178	)			1,182,791
Net change in unrealized appreciation/(depreciation) on:
Investments			172,850,081			870,684,194			2,472,592				126,153,498
Foreign currency transactions			(5,134	)		(178,214	)		(231	)			13,665
Foreign deferred taxes on unrealized appreciation			—			(1,085,659	)		—				(49,195	)
Net realized and change in unrealized gain/(loss) on investments, foreign currency transactions, net of foreign taxes			210,528,257			1,408,384,975			2,360,589				327,445,537
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	215,589,917		$	1,478,551,189		$	2,600,773			$	338,776,684

Old Westbury Funds, Inc.
Statements of Operations - (Continued)
	*For the Period Ended April 30, 2019 (Unaudited)*

Old Westbury Funds, Inc.
Statements of Changes in Net Assets

	ALL CAP CORE FUND								LARGE CAP STRATEGIES FUND
	FOR THE PERIOD ENDED APRIL 30, 2019				FOR THE YEAR ENDED OCTOBER 31, 2018				FOR THE PERIOD ENDED APRIL 30, 2019				FOR THE YEAR ENDED OCTOBER 31, 2018
	(Unaudited)								(Unaudited)
FROM OPERATIONS:
Net investment income		$	5,061,660			$	7,960,247			$	70,166,214			$	152,071,212
Net realized gain/(loss) on investments and foreign currency transactions			37,683,310				75,968,285				538,964,654				541,806,829
Net change in unrealized appreciation/ (depreciation) on investments, foreign currency transactions, net of foreign deferred taxes			172,844,947				14,699,701				869,420,321				(862,059,439	)
Net increase/(decrease) in net assets resulting from operations			215,589,917				98,628,233				1,478,551,189				(168,181,398	)
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income and net realized gain			(81,538,164	)			(35,549,309	)			(684,286,172	)			(979,594,946	)
Total distributions to shareholders			(81,538,164	)			(35,549,309	)			(684,286,172	)			(979,594,946	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			176,155,140				193,877,245				1,295,779,812				1,319,775,405
Reinvestment of distributions			51,355,652				20,786,526				343,901,108				578,058,719
Value of capital stock redeemed			(226,462,282	)			(210,447,561	)			(2,149,089,675	)			(1,494,387,938	)
Net increase/(decrease) in net assets resulting from capital stock transactions			1,048,510				4,216,210				(509,408,755	)			403,446,186
Net increase/(decrease) in net assets			135,100,263				67,295,134				284,856,262				(744,330,158	)
NET ASSETS:
Beginning of period			1,839,662,730				1,772,367,596				16,499,148,610				17,243,478,768
End of period		$	1,974,762,993			$	1,839,662,730			$	16,784,004,872			$	16,499,148,610
CAPITAL SHARE TRANSACTIONS:
Shares sold			10,774,960				11,199,372				96,526,910				89,536,508
Shares issued as reinvestment of distributions			3,227,885				1,255,225				26,211,975				40,480,302
Shares redeemed			(13,588,535	)			(12,139,680	)			(159,424,267	)			(101,370,100	)
Net increase in shares outstanding			414,310				314,917				(36,685,382	)			28,646,710

Old Westbury Funds, Inc.
Statements of Changes in Net Assets - (Continued)

	STRATEGIC OPPORTUNITIES FUND
	FOR THE PERIOD ENDED APRIL 30, 2019(a)				FOR THE YEAR ENDED OCTOBER 31, 2018(a)
	(Unaudited)
FROM OPERATIONS:
Net investment income		$	69,578,164			$	182,476,256
Net realized gain/(loss) on investments, securities sold short, swap agreements, futures contracts, written options, foreign capital gains tax and foreign currency transactions			(13,228,234	)			170,010,626
Net change in unrealized appreciation/(depreciation) on investments, securities sold short, futures contracts, written options, swap agreements, foreign currency transactions, net of foreign deferred taxes			179,523,178				(419,407,529	)
Net increase/(decrease) in net assets resulting from operations			235,873,108				(66,920,647	)
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income and net realized gain			(285,152,056	)			(402,341,102	)
Total distributions to shareholders			(285,152,056	)			(402,341,102	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			986,202,671				538,372,473
Reinvestment of distributions			116,487,339				162,502,177
Value of capital stock redeemed			(1,155,288,596	)			(507,487,099	)
Net increase/(decrease) in net assets resulting from capital stock transactions			(52,598,586	)			193,387,551
Net increase/(decrease) in net assets			(101,877,534	)			(275,874,198	)
NET ASSETS:
Beginning of period			5,273,673,910				5,549,548,108
End of period		$	5,171,796,376			$	5,273,673,910
CAPITAL SHARE TRANSACTIONS:
Shares sold			137,888,161				68,091,521
Shares issued as reinvestment of distributions			17,596,275				20,806,937
Shares redeemed			(161,687,802	)			(64,056,088	)
Net increase/(decrease) in shares outstanding			(6,203,366	)			24,842,370

	CALIFORNIA MUNICIPAL BOND FUND				NEW YORK MUNICIPAL BOND FUND
	FOR THE PERIOD ENDED APRIL 30, 2019(a)				FOR THE PERIOD ENDED APRIL 30, 2019(a)
	(Unaudited)				(Unaudited)
FROM OPERATIONS:
Net investment income		$	1,303,459			$	1,813,036
Net realized gain/(loss) on investments and foreign currency transactions			322,569				637,252
Net change in unrealized appreciation/(depreciation) on investments, foreign currency transactions, net of foreign deferred taxes			3,008,936				5,017,166
Net increase/(decrease) in net assets resulting from operations			4,634,964				7,467,454
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income and net realized gain			(929,523	)			(1,316,765	)
Total distributions to shareholders			(929,523	)			(1,316,765	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			290,459,096				378,321,627
Reinvestment of distributions			351,737				373,075
Value of capital stock redeemed			(15,342,687	)			(8,284,364	)
Net increase/(decrease) in net assets resulting from capital stock transactions			275,468,146				370,410,338
Net increase/(decrease) in net assets			279,173,587				376,561,027
NET ASSETS:
Beginning of period			—				—
End of period		$	279,173,587			$	376,561,027
CAPITAL SHARE TRANSACTIONS:
Shares sold			28,817,553				37,520,826
Shares issued as reinvestment of distributions			34,662				36,717
Shares redeemed			(1,509,936	)			(814,182	)
Net increase in shares outstanding			27,342,279				36,743,361