|
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete. |
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM NPORT-P Monthly Portfolio Investments Report |
| Confidential | ☐ |
| Filer CIK | 0001510337 |
| Filer CCC | ******** |
| Filer Investment Company Type | |
| Is this a LIVE or TEST Filing? | ☐ LIVE ☐ TEST |
| Would you like a Return Copy? | ☐ |
| Is this an electronic copy of an official filing submitted in paper format? | ☐ |
| Name | |
| Phone | |
| E-Mail Address |
| Notify via Filing Website only? | ☐ |
| Notification E-mail Address | |
| Series ID | S000036505 |
| Class (Contract) ID | C000111810 |
| a. Name of Registrant | First Trust Exchange-Traded AlphaDEX Fund II |
| b. Investment Company Act file number for Registrant: (e.g., 811-______) | 811-22519 |
| c. CIK number of Registrant | 0001510337 |
| d. LEI of Registrant | 549300HROUDUV84QFV64 |
| e. Address and telephone number of Registrant: |
| i. Street Address 1 | 120 East Liberty Drive |
| ii. Street Address 2 | Suite 400 |
| iii. City | Wheaton |
| iv. State, if applicable | |
| v. Foreign country, if applicable | |
| vi. Zip / Postal Code | 60187 |
| vii. Telephone number | (630) 765-8000 |
| a. Name of Series. | First Trust Switzerland AlphaDEX Fund |
| b. EDGAR series identifier (if any). | S000036505 |
| c. LEI of Series. | 5493007EHTF4YE4KV298 |
| a. Date of fiscal year-end. | 2025-12-31 |
| b. Date as of which information is reported. | 2025-09-30 |
| a. Does the Fund anticipate that this will be its final filing on Form N PORT? | ☐ Yes ☒ No |
| Report the following information for the Fund and its consolidated subsidiaries. |
| a. Total assets, including assets attributable to miscellaneous securities reported in Part D. | 80554957.76 |
| b. Total liabilities. | 53798.92 |
| c. Net assets. | 80501158.84 |
| a. Assets attributable to miscellaneous securities reported in Part D. | 0.00000000 |
| b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities. | 0.00000000 |
| c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)]. |
| Amounts payable within one year. | |
| Banks or other financial institutions for borrowings. | 0.00000000 |
| Controlled companies. | 0.00000000 |
| Other affiliates. | 0.00000000 |
| Others. | 0.00000000 |
| Amounts payable after one year. | |
| Banks or other financial institutions for borrowings. | 0.00000000 |
| Controlled companies. | 0.00000000 |
| Other affiliates. | 0.00000000 |
| Others. | 0.00000000 |
| d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis. |
| (i) On a delayed delivery, when-issued, or other firm commitment basis: | 0.00000000 |
| (ii) On a standby commitment basis: | 0.00000000 |
| e. Liquidation preference of outstanding preferred stock issued by the Fund. | 0.00000000 |
| f. Cash and cash equivalents not reported in Parts C and D. | 19.09000000 |
| If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide: |
| a. Interest Rate Risk (DV01). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 1 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. |
| b. Interest Rate Risk (DV100). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 100 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. |
| Currency Metric Record | ISO Currency code | 3 month | 1 year | 5 years | 10 years | 30 years | — | — | — | — | — | — | — |
|---|
| c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. |
| Credit Spread Risk | 3 month | 1 year | 5 years | 10 years | 30 years | — | — | — | — | — | — |
|---|
|
For purposes of Item B.3., calculate value as the sum of the absolute values of: (i) the value of each debt security, (ii) the notional value of each swap, including, but not limited to, total return swaps, interest rate swaps, and credit default swaps, for which the underlying reference asset or assets are debt securities or an interest rate; (iii) the notional value of each futures contract for which the underlying reference asset or assets are debt securities or an interest rate; and (iv) the delta-adjusted notional value of any option for which the underlying reference asset is an asset described in clause (i),(ii), or (iii). Report zero for maturities to which the Fund has no exposure. For exposures that fall between any of the listed maturities in (a) and (b), use linear interpolation to approximate exposure to each maturity listed above. For exposures outside of the range of maturities listed above, include those exposures in the nearest maturity. |
| a. For each borrower in any securities lending transaction, provide the following information: |
| Borrower Information Record | Name of borrower | LEI (if any) of borrower | Aggregate value of all securities on loan to the borrower |
|---|---|---|---|
| — | — | — | — |
| b. Did any securities lending counterparty provide any non-cash collateral? | ☐ Yes ☒ No |
| a. Monthly total returns of the Fund for each of the preceding three months. If the Fund is a Multiple Class Fund, report returns for each class. Such returns shall be calculated in accordance with the methodologies outlined in Item 26(b) (1) of Form N-1A, Instruction 13 to sub-Item 1 of Item 4 of Form N-2, or Item 26(b) (i) of Form N-3, as applicable. |
| Monthly Total Return Record | Monthly total returns of the Fund for each of the preceding three months | Class identification number(s) (if any) of the Class(es) for which returns are reported | ||
| Month 1 | Month 2 | Month 3 | ||
| #1 | 0.72000000 | 2.64000000 | -2.83000000 | C000111810 |
| b. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to derivatives for each of the following categories: commodity contracts, credit contracts, equity contracts, foreign exchange contracts, interest rate contracts, and other contracts. Within each such asset category, further report the same information for each of the following types of derivatives instrument: forward, future, option, swaption, swap, warrant, and other. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers. |
| Asset category | Instrument type | Month 1 | Month 2 | Month 3 | |||
| Monthly net realized gain(loss) | Monthly net change in unrealized appreciation (or depreciation) | Monthly net realized gain(loss) | Monthly net change in unrealized appreciation (or depreciation) | Monthly net realized gain(loss) | Monthly net change in unrealized appreciation (or depreciation) | ||
| Commodity Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Credit Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Equity Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Foreign Exchange Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Interest Rate Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other Contracts | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Forward | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Future | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Option | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swaption | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Swap | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Warrant | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| Other | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |
| c. For each of the preceding three months, monthly net realized gain (loss) and net change in unrealized appreciation (or depreciation) attributable to investment other than derivatives. Report in U.S. dollars. Losses and depreciation shall be reported as negative numbers. |
| Month | Monthly net realized gain(loss) | Monthly net change in unrealized appreciation (or depreciation) |
|---|---|---|
| Month 1 | 2803990.30000000 | -2273757.89000000 |
| Month 2 | 0.00000000 | 2101744.46000000 |
| Month 3 | 0.00000000 | -2310592.52000000 |
| a. Provide the aggregate dollar amounts for sales and redemptions/repurchases of Fund shares during each of the preceding three months. If shares of the Fund are held in omnibus accounts, for purposes of calculating the Fund's sales, redemptions, and repurchases, use net sales or redemptions/repurchases from such omnibus accounts. The amounts to be reported under this Item should be after any front-end sales load has been deducted and before any deferred or contingent deferred sales load or charge has been deducted. Shares sold shall include shares sold by the Fund to a registered unit investment trust. For mergers and other acquisitions, include in the value of shares sold any transaction in which the Fund acquired the assets of another investment company or of a personal holding company in exchange for its own shares. For liquidations, include in the value of shares redeemed any transaction in which the Fund liquidated all or part of its assets. Exchanges are defined as the redemption or repurchase of shares of one Fund or series and the investment of all or part of the proceeds in shares of another Fund or series in the same family of investment companies. |
| Month | Total net asset value of shares sold (including exchanges but excluding reinvestment of dividends and distributions) | Total net asset value of shares sold in connection with reinvestments of dividends and distributions | Total net asset value of shares redeemed or repurchased, including exchanges |
|---|---|---|---|
| Month 1 | 7746010.25000000 | 0.00000000 | 0.00000000 |
| Month 2 | 3907573.79000000 | 0.00000000 | 0.00000000 |
| Month 3 | 0.00000000 | 0.00000000 | 0.00000000 |
| a. If applicable, provide the Fund's current Highly Liquid Investment Minimum. |
—
|
| b. If applicable, provide the number of days that the Fund's holdings in Highly Liquid Investments fell below the Fund's Highly Liquid Investment Minimum during the reporting period. |
—
|
| c. Did the Fund's Highly Liquid Investment Minimum change during the reporting period? | ☐ Yes ☐ No ☐ N/A |
| For portfolio investments of open-end management investment companies, provide the percentage of the Fund's Highly Liquid Investments that it has pledged as margin or collateral in connection with derivatives transactions that are classified among the following categories as specified in rule 22e-4 [17 CFR 270.22e-4]: |
| (1) Moderately Liquid Investments |
| (2) Less Liquid Investments |
| (3) Illiquid Investments |
| For purposes of Item B.8, when computing the required percentage, the denominator should only include assets (and exclude liabilities) that are categorized by the Fund as Highly Liquid Investments. |
| Classification |
—
|
| If the Fund is excepted from the rule 18f-4 [17 CFR 270.18f-4] program requirement and limit on fund leverage risk under rule 18f-4(c)(4) [17 CFR 270.18f-4(c)(4)], provide the following information: |
| a. Derivatives exposure (as defined in rule 18f-4(a) [17 CFR 270.18f-4(a)]), reported as a percentage of the Fund’s net asset value. |
—
|
| b. Exposure from currency derivatives that hedge currency risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value. |
—
|
| c. Exposure from interest rate derivatives that hedge interest rate risks, as provided in rule 18f-4(c)(4)(i)(B) [17 CFR 270.18f-4(c)(4)(i)(B)], reported as a percentage of the Fund's net asset value. |
—
|
| d. The number of business days, if any, in excess of the five-business-day period described in rule 18f-4(c)(4)(ii) [17 CFR 270.18f-4(c)(4)(ii)], that the Fund’s derivatives exposure exceeded 10 percent of its net assets during the reporting period. |
—
|
| For Funds subject to the limit on fund leverage risk described in rule 18f-4(c)(2) [17 CFR 270.18f-4(c)(2)], provide the following information, as determined in accordance with the requirement under rule 18f-4(c)(2)(ii) to determine the fund’s compliance with the applicable VaR test at least once each business day: |
| a. Median daily VaR during the reporting period, reported as a percentage of the Fund's net asset value. |
—
|
| b. For Funds that were subject to the Relative VaR Test during the reporting period, provide: | |
| i. As applicable, the name of the Fund’s Designated Index, or a statement that the Fund's Designated Reference Portfolio is the Fund’s Securities Portfolio. |
—
|
| ii. As applicable, the index identifier for the Fund’s Designated Index. |
—
|
| iii. Median VaR Ratio during the reporting period, reported as a percentage of the VaRof the Fund's Designated Reference Portfolio. |
—
|
| c. Backtesting Results. Number of exceptions that the Fund identified as a result of its backtesting of its VaR calculation model (as described in rule 18f-4(c)(1)(iv) [17 CFR 270.18f-4(c)(1)(iv)] during the reporting period. |
—
|
| For each investment held by the Fund and its consolidated subsidiaries, disclose the information requested in Part C. A Fund may report information for securities in an aggregate amount not exceeding five percent of its total assets as miscellaneous securities in Part D in lieu of reporting those securities in Part C, provided that the securities so listed are not restricted, have been held for not more than one year prior to the end of the reporting period covered by this report, and have not been previously reported by name to the shareholders of the Fund or to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public. |
| Schedule of Portfolio Investments Record: 1 |
| a. Name of issuer (if any). | DKSH Holding AG |
| b. LEI (if any) of issuer. (1) | 549300HUUUNHO6FJUS42 |
| c. Title of the issue or description of the investment. | DKSH Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0126673539 |
| - Ticker (if ISIN is not available). | DKSH |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B71QPM2 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 16657.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1125741.60000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.398416639240 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 2 |
| a. Name of issuer (if any). | Swisscom AG |
| b. LEI (if any) of issuer. (1) | 5493005SL9HHOXS3B739 |
| c. Title of the issue or description of the investment. | Swisscom AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0008742519 |
| - Ticker (if ISIN is not available). | SCMN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 5533976 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 3669.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2661701.53000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.306413930376 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 3 |
| a. Name of issuer (if any). | Bucher Industries AG |
| b. LEI (if any) of issuer. (1) | 52990014AQ91A29HPB27 |
| c. Title of the issue or description of the investment. | Bucher Industries AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0002432174 |
| - Ticker (if ISIN is not available). | BUCN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B07ZBW6 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 5237.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2480182.15000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.080927263332 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 4 |
| a. Name of issuer (if any). | Kuehne + Nagel International A |
| b. LEI (if any) of issuer. (1) | 529900Q0YED3805QXQ66 |
| c. Title of the issue or description of the investment. | Kuehne + Nagel International AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0025238863 |
| - Ticker (if ISIN is not available). | KNIN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B142S60 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 9017.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1678121.41000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.084592860750 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 5 |
| a. Name of issuer (if any). | Swissquote Group Holding SA |
| b. LEI (if any) of issuer. (1) | 549300O3WME82RDPEN66 |
| c. Title of the issue or description of the investment. | Swissquote Group Holding SA |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0010675863 |
| - Ticker (if ISIN is not available). | SQN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B1X3KP7 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 5740.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 4005489.60000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 4.975691850549 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 6 |
| a. Name of issuer (if any). | Belimo Holding AG |
| b. LEI (if any) of issuer. (1) | 506700339DLX749VEM23 |
| c. Title of the issue or description of the investment. | Belimo Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH1101098163 |
| - Ticker (if ISIN is not available). | BEAN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BP0QDP8 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 3193.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3335191.88000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 4.143035861917 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 7 |
| a. Name of issuer (if any). | Sonova Holding AG |
| b. LEI (if any) of issuer. (1) | 5299004A0QNX7FBNHS61 |
| c. Title of the issue or description of the investment. | Sonova Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012549785 |
| - Ticker (if ISIN is not available). | SOON |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7156036 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 2183.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 593980.03000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.737852769524 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 8 |
| a. Name of issuer (if any). | Swiss Re AG |
| b. LEI (if any) of issuer. (1) | 529900PS9YW3YY29F326 |
| c. Title of the issue or description of the investment. | Swiss Re AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0126881561 |
| - Ticker (if ISIN is not available). | SREN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B545MG5 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 3762.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 694933.86000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.863259448700 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 9 |
| a. Name of issuer (if any). | Galenica AG |
| b. LEI (if any) of issuer. (1) | 506700W4772BD8016Z20 |
| c. Title of the issue or description of the investment. | Galenica AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0360674466 |
| - Ticker (if ISIN is not available). | GALE |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BYQCQ32 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 17822.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1936565.54000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.405636847848 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 10 |
| a. Name of issuer (if any). | ALSO Holding AG |
| b. LEI (if any) of issuer. (1) | 529900ACS8A6PTQI6141 |
| c. Title of the issue or description of the investment. | ALSO Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0024590272 |
| - Ticker (if ISIN is not available). | ALSN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B11TD81 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 3843.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1163448.28000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.445256561228 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 11 |
| a. Name of issuer (if any). | Adecco Group AG |
| b. LEI (if any) of issuer. (1) | NI14Y5UMU60O7JE9P611 |
| c. Title of the issue or description of the investment. | Adecco Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012138605 |
| - Ticker (if ISIN is not available). | ADEN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7110720 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 109398.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3064600.72000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.806902613776 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 12 |
| a. Name of issuer (if any). | Swiss Prime Site AG |
| b. LEI (if any) of issuer. (1) | 506700XI9H64OPR34158 |
| c. Title of the issue or description of the investment. | Swiss Prime Site AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0008038389 |
| - Ticker (if ISIN is not available). | SPSN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B083BH4 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 4343.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 607218.01000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.754297228449 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 13 |
| a. Name of issuer (if any). | Novartis AG |
| b. LEI (if any) of issuer. (1) | 5493007HIVTX6SY6XD66 |
| c. Title of the issue or description of the investment. | Novartis AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012005267 |
| - Ticker (if ISIN is not available). | NOVN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7103065 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 10729.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1349397.00000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.676245434779 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 14 |
| a. Name of issuer (if any). | Emmi AG |
| b. LEI (if any) of issuer. (1) | 529900Q53RBYJIVCMA08 |
| c. Title of the issue or description of the investment. | Emmi AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012829898 |
| - Ticker (if ISIN is not available). | EMMN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B03PQZ8 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 1301.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1122777.46000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.394734530755 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 15 |
| a. Name of issuer (if any). | Swatch Group AG/The |
| b. LEI (if any) of issuer. (1) | 529900NTES2LEON1JZ55 |
| c. Title of the issue or description of the investment. | Swatch Group AG/The |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012255151 |
| - Ticker (if ISIN is not available). | UHR |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7184725 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 15944.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2993318.01000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.718353938170 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 16 |
| a. Name of issuer (if any). | Siegfried Holding AG |
| b. LEI (if any) of issuer. (1) | 506700J9QD6IF3937W06 |
| c. Title of the issue or description of the investment. | Siegfried Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH1429326825 |
| - Ticker (if ISIN is not available). | SFZN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BVBM904 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 11555.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1151072.80000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.429883515450 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 17 |
| a. Name of issuer (if any). | EFG International AG |
| b. LEI (if any) of issuer. (1) | 506700PR1R98BSF81139 |
| c. Title of the issue or description of the investment. | EFG International AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0022268228 |
| - Ticker (if ISIN is not available). | EFGN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B0LF188 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 140387.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2853415.82000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.544564899582 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 18 |
| a. Name of issuer (if any). | Avolta AG |
| b. LEI (if any) of issuer. (1) | 549300X53WDBVW7TIF57 |
| c. Title of the issue or description of the investment. | Avolta AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0023405456 |
| - Ticker (if ISIN is not available). | AVOL |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B0R80X9 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 59963.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3243523.37000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 4.029163575702 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 19 |
| a. Name of issuer (if any). | Nestle SA |
| b. LEI (if any) of issuer. (1) | KY37LUS27QQX7BB93L28 |
| c. Title of the issue or description of the investment. | Nestle SA |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0038863350 |
| - Ticker (if ISIN is not available). | NESN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7123870 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 6545.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 600770.24000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.746287691577 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 20 |
| a. Name of issuer (if any). | Logitech International SA |
| b. LEI (if any) of issuer. (1) | 549300SN6PRK6IJJC215 |
| c. Title of the issue or description of the investment. | Logitech International SA |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0025751329 |
| - Ticker (if ISIN is not available). | LOGN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B18ZRK2 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 7222.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 787293.71000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.977990530005 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 21 |
| a. Name of issuer (if any). | Luzerner Kantonalbank AG |
| b. LEI (if any) of issuer. (1) | 549300C2XKS86VQDGV41 |
| c. Title of the issue or description of the investment. | Luzerner Kantonalbank AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH1252930610 |
| - Ticker (if ISIN is not available). | LUKN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BQPCMY0 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 21647.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2175441.24000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.702372576180 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 22 |
| a. Name of issuer (if any). | UBS Group AG |
| b. LEI (if any) of issuer. (1) | 549300SZJ9VS8SGXAN81 |
| c. Title of the issue or description of the investment. | UBS Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0244767585 |
| - Ticker (if ISIN is not available). | UBSG |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BRJL176 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 19215.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 784724.14000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.974798563533 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 23 |
| a. Name of issuer (if any). | Alcon AG |
| b. LEI (if any) of issuer. (1) | 549300LDT5AP8S0NBM78 |
| c. Title of the issue or description of the investment. | Alcon AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0432492467 |
| - Ticker (if ISIN is not available). | ALC |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BJT1GR5 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 7349.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 547078.37000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.679590676560 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 24 |
| a. Name of issuer (if any). | SFS Group AG |
| b. LEI (if any) of issuer. (1) | 391200RQ38WAM4BJBO16 |
| c. Title of the issue or description of the investment. | SFS Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0239229302 |
| - Ticker (if ISIN is not available). | SFSN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BLWF8B6 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 23710.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3180991.14000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.951484905108 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 25 |
| a. Name of issuer (if any). | Swiss Life Holding AG |
| b. LEI (if any) of issuer. (1) | 5493000KUC3Z24U77V93 |
| c. Title of the issue or description of the investment. | Swiss Life Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0014852781 |
| - Ticker (if ISIN is not available). | SLHN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7437805 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 1285.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1381126.81000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.715660780418 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 26 |
| a. Name of issuer (if any). | Barry Callebaut AG |
| b. LEI (if any) of issuer. (1) | 213800Y5RWKLDPUTT265 |
| c. Title of the issue or description of the investment. | Barry Callebaut AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0009002962 |
| - Ticker (if ISIN is not available). | BARN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 5476929 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 1194.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1634897.31000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.030899099538 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 27 |
| a. Name of issuer (if any). | Holcim AG |
| b. LEI (if any) of issuer. (1) | 529900EHPFPYHV6IQO98 |
| c. Title of the issue or description of the investment. | Holcim AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012214059 |
| - Ticker (if ISIN is not available). | HOLN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7110753 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 43797.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3704905.45000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 4.602300766084 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 28 |
| a. Name of issuer (if any). | Chocoladefabriken Lindt & Spru |
| b. LEI (if any) of issuer. (1) | 529900JYJNNOKKAGK736 |
| c. Title of the issue or description of the investment. | Chocoladefabriken Lindt & Spruengli AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0010570767 |
| - Ticker (if ISIN is not available). | LISP |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 5962280 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 115.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1756673.58000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.182171791453 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 29 |
| a. Name of issuer (if any). | Ypsomed Holding AG |
| b. LEI (if any) of issuer. (1) | 391200QLIOTTBNPNSI14 |
| c. Title of the issue or description of the investment. | Ypsomed Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0019396990 |
| - Ticker (if ISIN is not available). | YPSN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B02SWN8 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 3663.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1437959.30000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.786259130577 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 30 |
| a. Name of issuer (if any). | Dreyfus Government Cash Management |
| b. LEI (if any) of issuer. (1) | 5493000Q69I5Q3QZIA91 |
| c. Title of the issue or description of the investment. | Dreyfus Government Cash Management |
| d. CUSIP (if any). | 262006208 |
| At least one of the following other identifiers: |
| - ISIN | US2620062081 |
| - Ticker (if ISIN is not available). | MISXX |
| Balance. (2) |
| a. Balance | 81082.35000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
United States Dollar
|
| e. Value. (4) | 81082.35000000 |
| f. Exchange rate. | |
| g. Percentage value compared to net assets of the Fund. | 0.100721966203 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Short-term investment vehicle (e.g., money market fund, liquidity pool, or other cash management vehicle)
|
| b. Issuer type. (7) |
Registered fund
|
| a. ISO country code. (8) |
UNITED STATES OF AMERICA
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 31 |
| a. Name of issuer (if any). | VZ Holding AG |
| b. LEI (if any) of issuer. (1) | 529900JMJUZCFUVQ0Q82 |
| c. Title of the issue or description of the investment. | VZ Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0528751586 |
| - Ticker (if ISIN is not available). | VZN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BMFJ180 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 8916.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1863730.17000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.315159429821 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 32 |
| a. Name of issuer (if any). | PSP Swiss Property AG |
| b. LEI (if any) of issuer. (1) | 50670042Y437P8X44F56 |
| c. Title of the issue or description of the investment. | PSP Swiss Property AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0018294154 |
| - Ticker (if ISIN is not available). | PSPN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B012877 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 7062.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1212706.99000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.506446624464 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 33 |
| a. Name of issuer (if any). | Sandoz Group AG |
| b. LEI (if any) of issuer. (1) | 5493000JWK6XWFEUD320 |
| c. Title of the issue or description of the investment. | Sandoz Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH1243598427 |
| - Ticker (if ISIN is not available). | SDZ |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BLPLD38 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 47528.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2816275.06000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.498427973686 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 34 |
| a. Name of issuer (if any). | Vontobel Holding AG |
| b. LEI (if any) of issuer. (1) | 529900G69W5VR3DDPW23 |
| c. Title of the issue or description of the investment. | Vontobel Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0012335540 |
| - Ticker (if ISIN is not available). | VONN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 7123104 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 24146.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1816902.71000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 2.256989509444 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 35 |
| a. Name of issuer (if any). | Zurich Insurance Group AG |
| b. LEI (if any) of issuer. (1) | 529900QVNRBND50TXP03 |
| c. Title of the issue or description of the investment. | Zurich Insurance Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0011075394 |
| - Ticker (if ISIN is not available). | ZURN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | 5983816 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 930.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 661940.83000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 0.822274908260 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 36 |
| a. Name of issuer (if any). | Julius Baer Group Ltd |
| b. LEI (if any) of issuer. (1) | 5299007MF0604ZGJER92 |
| c. Title of the issue or description of the investment. | Julius Baer Group Ltd |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0102484968 |
| - Ticker (if ISIN is not available). | BAER |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B4R2R50 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 38473.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2656210.14000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.299592426090 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 37 |
| a. Name of issuer (if any). | Accelleron Industries AG |
| b. LEI (if any) of issuer. (1) | 254900KS0MD2PAARXD14 |
| c. Title of the issue or description of the investment. | Accelleron Industries AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH1169360919 |
| - Ticker (if ISIN is not available). | ACLN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BNM73Q6 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 36984.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3110456.38000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.863865346562 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 38 |
| a. Name of issuer (if any). | Helvetia Holding AG |
| b. LEI (if any) of issuer. (1) | 529900SUJBXTORH0LT80 |
| c. Title of the issue or description of the investment. | Helvetia Holding AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0466642201 |
| - Ticker (if ISIN is not available). | HELN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BK6QWF0 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 13839.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3384778.97000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 4.204633844746 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 39 |
| a. Name of issuer (if any). | SIG Group AG |
| b. LEI (if any) of issuer. (1) | 5493004Z6P7TSVB1L042 |
| c. Title of the issue or description of the investment. | SIG Group AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0435377954 |
| - Ticker (if ISIN is not available). | SIGN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BD5GN60 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 105577.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 1088197.09000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 1.351778167768 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 40 |
| a. Name of issuer (if any). | BKW AG |
| b. LEI (if any) of issuer. (1) | 549300IE30SKTUO98Q38 |
| c. Title of the issue or description of the investment. | BKW AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0130293662 |
| - Ticker (if ISIN is not available). | BKW |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | B76D410 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 14885.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 3176887.76000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.946387612027 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| Schedule of Portfolio Investments Record: 41 |
| a. Name of issuer (if any). | Flughafen Zurich AG |
| b. LEI (if any) of issuer. (1) | 529900PFO97GCN5SYB55 |
| c. Title of the issue or description of the investment. | Flughafen Zurich AG |
| d. CUSIP (if any). | 000000000 |
| At least one of the following other identifiers: |
| - ISIN | CH0319416936 |
| - Ticker (if ISIN is not available). | FHZN |
| - Other unique identifier (if ticker and ISIN are not available). Indicate the type of identifier used | BYQ8481 |
| Description of other unique identifier. | SEDOL |
| Balance. (2) |
| a. Balance | 9135.00000000 |
| b. Units |
Number of shares
|
| c. Description of other units. | |
| d. Currency. (3) |
Switzerland Franc
|
| e. Value. (4) | 2783934.43000000 |
| f. Exchange rate. | 0.79605000 |
| g. Percentage value compared to net assets of the Fund. | 3.458253856361 |
| a. Payoff profile. (5) | ☒ Long ☐ Short ☐ N/A |
| a. Asset type. (6) |
Equity-common
|
| b. Issuer type. (7) |
Corporate
|
| a. ISO country code. (8) |
SWITZERLAND
|
| b. Investment ISO country code. (9) |
| a. Is the investment a Restricted Security? | ☐ Yes ☒ No |
| a. Liquidity classification information. (10) |
| Category. |
N/A
|
| a. Level within the fair value hierarchy (12) | ☒ 1 ☐ 2 ☐ 3 ☐ N/A |
| N/A |
| N/A |
| N/A |
| a. Does any amount of this investment represent reinvestment of cash collateral received for loaned securities? | ☐ Yes ☒ No |
| b. Does any portion of this investment represent that is treated as a Fund asset and received for loaned securities? | ☐ Yes ☒ No |
| c. Is any portion of this investment on loan by the Fund? | ☐ Yes ☒ No |
| The Fund may provide any information it believes would be helpful in understanding the information reported in response to any Item of this Form. The Fund may also explain any assumptions that it made in responding to any Item of this Form. To the extent responses relate to a particular Item, provide the Item number(s), as applicable. |
| Explanatory Note Record | Note Item | Explanatory Notes |
|---|---|---|
| #1 | B.5.a | Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees. |
| The Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
| Registrant: | First Trust Exchange-Traded AlphaDEX Fund II |
| By (Signature): | Derek Maltbie |
| Name: | Derek Maltbie |
| Title: | Treasurer, Chief Financial Officer and Chief Accounting Officer |
| Date: | 2025-11-24 |
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.6%
|
|||||
|
|
Australia — 18.7%
|
|
|||
|
2,356
|
BHP Group Ltd. (AUD)
|
$66,303
|
|||
|
4,229
|
BlueScope Steel Ltd. (AUD)
|
63,494
|
|||
|
13,825
|
Coles Group Ltd. (AUD)
|
213,057
|
|||
|
1,193
|
Commonwealth Bank of
Australia (AUD)
|
131,752
|
|||
|
4,600
|
Computershare Ltd. (AUD)
|
110,460
|
|||
|
63,291
|
Evolution Mining Ltd. (AUD)
|
453,556
|
|||
|
23,422
|
Fortescue Ltd. (AUD)
|
289,509
|
|||
|
23,346
|
Insurance Australia Group Ltd.
(AUD)
|
126,674
|
|||
|
2,943
|
JB Hi-Fi Ltd. (AUD)
|
225,896
|
|||
|
60,811
|
Medibank Pvt., Ltd. (AUD)
|
193,950
|
|||
|
19,651
|
Northern Star Resources Ltd.
(AUD)
|
308,562
|
|||
|
39,923
|
Qantas Airways Ltd. (AUD)
|
288,474
|
|||
|
16,438
|
QBE Insurance Group Ltd.
(AUD)
|
223,958
|
|||
|
2,338
|
Rio Tinto Ltd. (AUD)
|
188,787
|
|||
|
40,541
|
Santos Ltd. (AUD)
|
180,539
|
|||
|
125,000
|
Sigma Healthcare Ltd. (AUD)
|
245,656
|
|||
|
13,575
|
Telix Pharmaceuticals Ltd.
(AUD) (c)
|
130,876
|
|||
|
40,909
|
Vicinity Ltd. (AUD)
|
68,215
|
|||
|
2,851
|
Westpac Banking Corp. (AUD)
|
73,517
|
|||
|
19,464
|
Woodside Energy Group Ltd.
(AUD)
|
296,611
|
|||
|
88,933
|
Yancoal Australia Ltd.
(AUD) (d)
|
311,889
|
|||
|
|
|
4,191,735
|
|||
|
|
Bermuda — 2.3%
|
|
|||
|
61,535
|
China Gas Holdings Ltd. (HKD)
|
60,254
|
|||
|
172,800
|
Kunlun Energy Co., Ltd. (HKD)
|
154,548
|
|||
|
18,700
|
Orient Overseas International
Ltd. (HKD)
|
303,499
|
|||
|
|
|
518,301
|
|||
|
|
Cayman Islands — 8.4%
|
|
|||
|
54,000
|
C&D International Investment
Group Ltd. (HKD)
|
124,141
|
|||
|
33,738
|
China Resources Land Ltd.
(HKD)
|
131,710
|
|||
|
41,798
|
CK Asset Holdings Ltd. (HKD)
|
202,600
|
|||
|
39,689
|
CK Hutchison Holdings Ltd.
(HKD)
|
261,382
|
|||
|
131,000
|
Geely Automobile Holdings Ltd.
(HKD)
|
329,101
|
|||
|
233,000
|
Sino Biopharmaceutical Ltd.
(HKD)
|
243,720
|
|||
|
244,203
|
WH Group Ltd. (HKD) (e) (f)
|
264,539
|
|||
|
284,600
|
Xinyi Glass Holdings Ltd.
(HKD)
|
329,878
|
|||
|
|
|
1,887,071
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Hong Kong — 11.0%
|
|
|||
|
44,538
|
Beijing Enterprises Holdings
Ltd. (HKD)
|
$190,355
|
|||
|
55,800
|
BOC Hong Kong Holdings Ltd.
(HKD)
|
262,008
|
|||
|
130,154
|
China Merchants Port Holdings
Co., Ltd. (HKD)
|
243,685
|
|||
|
31,338
|
China Overseas Land &
Investment Ltd. (HKD)
|
57,828
|
|||
|
446,800
|
China Power International
Development Ltd. (HKD)
|
185,450
|
|||
|
94,154
|
China Resources Power
Holdings Co., Ltd. (HKD)
|
215,847
|
|||
|
147,591
|
China Taiping Insurance
Holdings Co., Ltd. (HKD)
|
288,660
|
|||
|
6,738
|
CLP Holdings Ltd. (HKD)
|
55,804
|
|||
|
14,400
|
Galaxy Entertainment Group
Ltd. (HKD)
|
79,347
|
|||
|
151,600
|
Guangdong Investment Ltd.
(HKD)
|
137,730
|
|||
|
2,520
|
Hong Kong Exchanges &
Clearing Ltd. (HKD)
|
143,131
|
|||
|
270,477
|
PCCW Ltd. (HKD)
|
185,255
|
|||
|
11,912
|
Sun Hung Kai Properties Ltd.
(HKD)
|
142,663
|
|||
|
31,759
|
Swire Pacific Ltd., Class A
(HKD)
|
269,149
|
|||
|
|
|
2,456,912
|
|||
|
|
New Zealand — 0.5%
|
|
|||
|
10,811
|
Contact Energy Ltd. (NZD)
|
57,036
|
|||
|
2,599
|
EBOS Group Ltd. (NZD)
|
44,872
|
|||
|
|
|
101,908
|
|||
|
|
Singapore — 8.0%
|
|
|||
|
28,728
|
BOC Aviation Ltd. (HKD) (e) (f)
|
256,937
|
|||
|
4,900
|
DBS Group Holdings Ltd.
(SGD)
|
194,298
|
|||
|
100,500
|
Genting Singapore Ltd. (SGD)
|
57,264
|
|||
|
8,800
|
Oversea-Chinese Banking Corp.,
Ltd. (SGD)
|
112,153
|
|||
|
142,900
|
Seatrium Ltd. (SGD)
|
262,547
|
|||
|
11,900
|
Sembcorp Industries Ltd. (SGD)
|
55,536
|
|||
|
22,200
|
Singapore Airlines Ltd. (SGD)
|
112,209
|
|||
|
11,300
|
Singapore Exchange Ltd. (SGD)
|
144,803
|
|||
|
55,500
|
Singapore Technologies
Engineering Ltd. (SGD)
|
370,445
|
|||
|
6,000
|
United Overseas Bank Ltd.
(SGD)
|
160,843
|
|||
|
22,500
|
Wilmar International Ltd. (SGD)
|
49,711
|
|||
|
|
|
1,776,746
|
|||
|
|
South Korea — 49.5%
|
|
|||
|
232
|
Alteogen, Inc. (KRW) (c)
|
75,732
|
|||
|
2,443
|
Amorepacific Corp. (KRW)
|
212,950
|
|||
|
2,796
|
DB Insurance Co., Ltd. (KRW)
|
276,003
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
South Korea (Continued)
|
|
|||
|
10,565
|
Doosan Enerbility Co., Ltd.
(KRW) (c)
|
$472,132
|
|||
|
2,771
|
Hana Financial Group, Inc.
(KRW)
|
172,219
|
|||
|
667
|
Hanwha Aerospace Co., Ltd.
(KRW)
|
526,260
|
|||
|
6,154
|
Hanwha Ocean Co., Ltd.
(KRW) (c)
|
483,793
|
|||
|
12,863
|
Hanwha Systems Co., Ltd.
(KRW)
|
545,489
|
|||
|
822
|
HD Korea Shipbuilding &
Offshore Engineering Co.,
Ltd. (KRW)
|
240,791
|
|||
|
21,110
|
HMM Co., Ltd. (KRW)
|
301,668
|
|||
|
351
|
HYBE Co., Ltd. (KRW)
|
66,545
|
|||
|
2,939
|
Hyundai Glovis Co., Ltd.
(KRW)
|
346,467
|
|||
|
1,585
|
Hyundai Mobis Co., Ltd. (KRW)
|
337,210
|
|||
|
2,094
|
Hyundai Motor Co. (KRW)
|
320,880
|
|||
|
3,933
|
Hyundai Rotem Co., Ltd.
(KRW)
|
613,896
|
|||
|
11,615
|
Industrial Bank of Korea (KRW)
|
161,098
|
|||
|
1,045
|
KB Financial Group, Inc.
(KRW)
|
86,025
|
|||
|
4,474
|
Kia Corp. (KRW)
|
321,109
|
|||
|
3,303
|
Korea Aerospace Industries Ltd.
(KRW)
|
254,249
|
|||
|
15,258
|
Korea Electric Power Corp.
(KRW)
|
392,039
|
|||
|
318
|
Korea Zinc Co., Ltd. (KRW)
|
208,744
|
|||
|
15,509
|
Korean Air Lines Co., Ltd.
(KRW)
|
251,473
|
|||
|
494
|
Krafton, Inc. (KRW) (c)
|
102,986
|
|||
|
1,634
|
KT&G Corp. (KRW)
|
155,591
|
|||
|
1,070
|
LG Electronics, Inc. (KRW)
|
57,654
|
|||
|
3,385
|
Meritz Financial Group, Inc.
(KRW)
|
273,830
|
|||
|
593
|
POSCO Holdings, Inc. (KRW)
|
116,652
|
|||
|
81
|
Samsung Biologics Co., Ltd.
(KRW) (c) (e) (f)
|
57,558
|
|||
|
1,279
|
Samsung Electro-Mechanics Co.,
Ltd. (KRW)
|
176,392
|
|||
|
5,715
|
Samsung Electronics Co., Ltd.
(KRW)
|
341,747
|
|||
|
231
|
Samsung Fire & Marine
Insurance Co., Ltd. (KRW)
|
74,336
|
|||
|
30,632
|
Samsung Heavy Industries Co.,
Ltd. (KRW) (c)
|
478,130
|
|||
|
2,132
|
Samsung SDS Co., Ltd. (KRW)
|
249,510
|
|||
|
480
|
Samyang Foods Co., Ltd.
(KRW)
|
523,089
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
South Korea (Continued)
|
|
|||
|
1,755
|
Shinhan Financial Group Co.,
Ltd. (KRW)
|
$88,560
|
|||
|
1,732
|
SK Hynix, Inc. (KRW)
|
428,973
|
|||
|
4,421
|
SK Square Co., Ltd. (KRW) (c)
|
634,925
|
|||
|
4,464
|
SK Telecom Co., Ltd. (KRW)
|
172,763
|
|||
|
1,274
|
SK, Inc. (KRW)
|
190,685
|
|||
|
15,015
|
Woori Financial Group, Inc.
(KRW)
|
277,709
|
|||
|
|
|
11,067,862
|
|||
|
|
Switzerland — 1.2%
|
|
|||
|
10,460
|
BeOne Medicines Ltd., Class H
(HKD) (c)
|
275,817
|
|||
|
|
Total Common Stocks
|
22,276,352
|
|||
|
|
(Cost $16,646,700)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 0.0%
|
|||||
|
$783
|
Bank of America Corp.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $783. Collateralized
by U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $799. (h)
|
783
|
|||
|
1,145
|
JPMorgan Chase & Co.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,145. Collateralized
by U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $1,168. (h)
|
1,145
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS (Continued)
|
|||||
|
$687
|
Mizuho Financial Group, Inc.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $687. Collateralized
by U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $701. (h)
|
$687
|
|||
|
1,232
|
RBC Dominion Securities, Inc.,
4.19% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,232. Collateralized
by U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $1,257. (h)
|
1,232
|
|||
|
|
Total Repurchase Agreements
|
3,847
|
|||
|
|
(Cost $3,847)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.6%
|
22,280,199
|
|||
|
|
(Cost $16,650,547)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.4%
|
96,544
|
|||
|
|
Net Assets — 100.0%
|
$22,376,743
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $1,385 and the total
value of the collateral held by the Fund, including for
securities sold and pending settlement, is $3,847.
|
|
(e)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(f)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(g)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(h)
|
This security serves as collateral for securities on loan.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
AUD
|
– Australian Dollar
|
|
HKD
|
– Hong Kong Dollar
|
|
KRW
|
– South Korean Won
|
|
NZD
|
– New Zealand Dollar
|
|
SGD
|
– Singapore Dollar
|
|
USD
|
– United States Dollar
|
|
Sector Allocation
|
% of Total
Investments
|
|
Industrials
|
36.6%
|
|
Financials
|
15.5
|
|
Consumer Discretionary
|
7.8
|
|
Materials
|
7.6
|
|
Utilities
|
6.7
|
|
Consumer Staples
|
6.4
|
|
Information Technology
|
5.4
|
|
Health Care
|
4.8
|
|
Energy
|
3.5
|
|
All Other
|
5.7
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
KRW
|
49.7%
|
|
HKD
|
24.2
|
|
AUD
|
18.8
|
|
SGD
|
6.8
|
|
NZD
|
0.5
|
|
USD
|
0.0‡
|
|
Total
|
100.0%
|
|
‡
|
Amount is less than 0.1%.
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 22,276,352
|
$ 22,276,352
|
$ —
|
$ —
|
|
Repurchase Agreements
|
3,847
|
—
|
3,847
|
—
|
|
Total Investments
|
$22,280,199
|
$22,276,352
|
$3,847
|
$—
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.4%
|
|||||
|
|
Austria — 3.1%
|
|
|||
|
8,097
|
ANDRITZ AG (EUR)
|
$569,428
|
|||
|
17,626
|
BAWAG Group AG
(EUR) (c) (d)
|
2,317,713
|
|||
|
6,570
|
Erste Group Bank AG (EUR)
|
641,766
|
|||
|
36,547
|
OMV AG (EUR)
|
1,948,887
|
|||
|
35,297
|
Raiffeisen Bank International
AG (EUR)
|
1,215,866
|
|||
|
6,396
|
Verbund AG (EUR)
|
464,822
|
|||
|
51,492
|
Vienna Insurance Group AG
Wiener Versicherung Gruppe
(EUR)
|
2,832,287
|
|||
|
18,606
|
voestalpine AG (EUR)
|
663,634
|
|||
|
|
|
10,654,403
|
|||
|
|
Belgium — 2.9%
|
|
|||
|
2,095
|
Ackermans & van Haaren N.V.
(EUR)
|
536,202
|
|||
|
15,127
|
Ageas S.A./N.V. (EUR)
|
1,046,058
|
|||
|
33,050
|
Colruyt Group N.V. (EUR)
|
1,300,659
|
|||
|
29,849
|
KBC Ancora (EUR)
|
2,361,987
|
|||
|
9,967
|
KBC Group N.V. (EUR)
|
1,187,147
|
|||
|
8,869
|
Sofina S.A. (EUR)
|
2,613,583
|
|||
|
38,196
|
Warehouses De Pauw C.V.A.
(EUR)
|
954,283
|
|||
|
|
|
9,999,919
|
|||
|
|
Bermuda — 0.5%
|
|
|||
|
89,373
|
Hiscox Ltd. (GBP)
|
1,645,507
|
|||
|
|
Denmark — 2.6%
|
|
|||
|
1,303
|
A.P. Moller - Maersk A/S,
Class B (DKK)
|
2,554,540
|
|||
|
2,331
|
Genmab A/S (DKK) (e)
|
706,664
|
|||
|
450,032
|
H. Lundbeck A/S (DKK)
|
3,223,387
|
|||
|
78,919
|
ISS A/S (DKK)
|
2,497,386
|
|||
|
1,100
|
ROCKWOOL A/S, Class B
(DKK)
|
40,847
|
|||
|
|
|
9,022,824
|
|||
|
|
Finland — 0.6%
|
|
|||
|
55,411
|
Fortum Oyj (EUR)
|
1,047,718
|
|||
|
15,262
|
Orion Oyj, Class B (EUR)
|
1,167,384
|
|||
|
|
|
2,215,102
|
|||
|
|
France — 7.8%
|
|
|||
|
23,786
|
Arkema S.A. (EUR)
|
1,496,835
|
|||
|
10,625
|
AXA S.A. (EUR)
|
506,956
|
|||
|
16,329
|
BNP Paribas S.A. (EUR)
|
1,482,503
|
|||
|
22,995
|
Bouygues S.A. (EUR)
|
1,034,539
|
|||
|
96,559
|
Carrefour S.A. (EUR)
|
1,461,847
|
|||
|
25,833
|
Cie Generale des Etablissements
Michelin S.C.A. (EUR)
|
926,257
|
|||
|
99,822
|
Credit Agricole S.A. (EUR)
|
1,959,523
|
|||
|
7,806
|
Eiffage S.A. (EUR)
|
996,199
|
|||
|
61,143
|
Elis S.A. (EUR)
|
1,757,300
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
France (Continued)
|
|
|||
|
23,212
|
Engie S.A. (EUR)
|
$497,488
|
|||
|
40,617
|
Klepierre S.A. (EUR)
|
1,581,285
|
|||
|
69,800
|
Orange S.A. (EUR)
|
1,131,715
|
|||
|
17,986
|
Renault S.A. (EUR)
|
734,855
|
|||
|
30,343
|
Societe Generale S.A. (EUR)
|
2,007,786
|
|||
|
31,924
|
SPIE S.A. (EUR)
|
1,716,606
|
|||
|
18,107
|
Teleperformance SE (EUR)
|
1,346,519
|
|||
|
6,818
|
Thales S.A. (EUR)
|
2,134,052
|
|||
|
28,068
|
TotalEnergies SE (EUR)
|
1,704,676
|
|||
|
71,970
|
Vallourec SACA (EUR)
|
1,367,578
|
|||
|
9,407
|
Wendel SE (EUR)
|
900,112
|
|||
|
|
|
26,744,631
|
|||
|
|
Germany — 19.3%
|
|
|||
|
4,756
|
Allianz SE (EUR)
|
1,995,649
|
|||
|
24,045
|
Aurubis AG (EUR)
|
2,998,038
|
|||
|
103,110
|
Auto1 Group SE (EUR) (e)
|
3,510,643
|
|||
|
28,408
|
Bayerische Motoren Werke AG
(EUR)
|
2,849,638
|
|||
|
99,816
|
Commerzbank AG (EUR)
|
3,760,605
|
|||
|
34,002
|
Continental AG (EUR)
|
2,240,320
|
|||
|
22,555
|
Daimler Truck Holding AG
(EUR)
|
927,357
|
|||
|
95,927
|
Deutsche Bank AG (EUR)
|
3,373,072
|
|||
|
3,077
|
Deutsche Boerse AG (EUR)
|
824,025
|
|||
|
312,595
|
Deutsche Lufthansa AG (EUR)
|
2,645,359
|
|||
|
24,467
|
Deutsche Telekom AG (EUR)
|
833,329
|
|||
|
21,207
|
DHL Group (EUR)
|
944,636
|
|||
|
36,442
|
Dr. Ing hc F Porsche AG
(Preference Shares)
(EUR) (c) (d)
|
1,766,159
|
|||
|
59,975
|
E.ON SE (EUR)
|
1,127,678
|
|||
|
14,473
|
Fraport AG Frankfurt Airport
Services Worldwide (EUR) (e)
|
1,249,767
|
|||
|
11,919
|
Freenet AG (EUR)
|
380,904
|
|||
|
18,345
|
Fresenius Medical Care AG
(EUR)
|
961,888
|
|||
|
14,978
|
GEA Group AG (EUR)
|
1,105,216
|
|||
|
5,314
|
Heidelberg Materials AG (EUR)
|
1,195,065
|
|||
|
5,697
|
Henkel AG & Co. KGaA
(Preference Shares) (EUR)
|
459,506
|
|||
|
27,118
|
Hensoldt AG (EUR)
|
3,511,729
|
|||
|
13,332
|
HOCHTIEF AG (EUR)
|
3,565,635
|
|||
|
43,721
|
KION Group AG (EUR)
|
2,948,954
|
|||
|
38,626
|
Mercedes-Benz Group AG
(EUR)
|
2,424,810
|
|||
|
2,156
|
Muenchener
Rueckversicherungs-
Gesellschaft AG in Muenchen
(EUR)
|
1,375,486
|
|||
|
1,270
|
Rheinmetall AG (EUR)
|
2,958,984
|
|||
|
63,390
|
RWE AG (EUR)
|
2,814,687
|
|||
|
4,342
|
Scout24 SE (EUR) (c) (d)
|
543,419
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Germany (Continued)
|
|
|||
|
23,326
|
Siemens Energy AG (EUR) (e)
|
$2,722,713
|
|||
|
21,646
|
Talanx AG (EUR)
|
2,876,815
|
|||
|
176,935
|
thyssenkrupp AG (EUR)
|
2,425,261
|
|||
|
17,898
|
Volkswagen AG (Preference
Shares) (EUR)
|
1,932,375
|
|||
|
16,573
|
Wacker Chemie AG (EUR)
|
1,247,231
|
|||
|
|
|
66,496,953
|
|||
|
|
Greece — 3.3%
|
|
|||
|
951,427
|
Alpha Bank S.A. (EUR)
|
4,036,932
|
|||
|
339,382
|
Eurobank Ergasias Services and
Holdings S.A. (EUR)
|
1,307,722
|
|||
|
83,726
|
Hellenic Telecommunications
Organization S.A. (EUR)
|
1,584,577
|
|||
|
44,299
|
National Bank of Greece S.A.
(EUR)
|
643,096
|
|||
|
331,718
|
Piraeus Financial Holdings S.A.
(EUR)
|
2,809,526
|
|||
|
60,627
|
Public Power Corp. S.A. (EUR)
|
997,934
|
|||
|
|
|
11,379,787
|
|||
|
|
Ireland — 1.3%
|
|
|||
|
140,715
|
AIB Group PLC (EUR)
|
1,274,572
|
|||
|
77,202
|
Bank of Ireland Group PLC
(EUR)
|
1,270,309
|
|||
|
33,715
|
Ryanair Holdings PLC, ADR
|
2,030,317
|
|||
|
|
|
4,575,198
|
|||
|
|
Italy — 11.0%
|
|
|||
|
752,589
|
A2A S.p.A. (EUR)
|
1,967,732
|
|||
|
32,502
|
Azimut Holding S.p.A. (EUR)
|
1,256,579
|
|||
|
8,082
|
Banca Generali S.p.A. (EUR)
|
449,954
|
|||
|
56,305
|
Banca Mediolanum S.p.A.
(EUR)
|
1,127,092
|
|||
|
229,322
|
Banca Monte dei Paschi di Siena
S.p.A. (EUR)
|
2,030,041
|
|||
|
223,961
|
Banco BPM S.p.A. (EUR)
|
3,345,939
|
|||
|
174,186
|
BPER Banca S.p.A. (EUR)
|
1,929,697
|
|||
|
47,335
|
Buzzi S.p.A. (EUR)
|
2,598,632
|
|||
|
133,534
|
Credito Emiliano S.p.A. (EUR)
|
2,147,832
|
|||
|
87,836
|
Eni S.p.A. (EUR)
|
1,533,044
|
|||
|
25,857
|
Generali (EUR)
|
1,014,244
|
|||
|
104,657
|
Hera S.p.A. (EUR)
|
470,603
|
|||
|
353,720
|
Intesa Sanpaolo S.p.A. (EUR)
|
2,331,417
|
|||
|
46,691
|
Leonardo S.p.A. (EUR)
|
2,961,254
|
|||
|
89,979
|
Lottomatica Group S.p.A. (EUR)
|
2,421,272
|
|||
|
48,494
|
Mediobanca Banca di Credito
Finanziario S.p.A. (EUR)
|
981,267
|
|||
|
170,451
|
Nexi S.p.A. (EUR) (c) (d)
|
963,771
|
|||
|
229,427
|
Pirelli & C S.p.A. (EUR) (c) (d)
|
1,560,669
|
|||
|
76,438
|
Poste Italiane S.p.A.
(EUR) (c) (d)
|
1,811,897
|
|||
|
2,693,872
|
Telecom Italia S.p.A. (EUR) (e)
|
1,408,372
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Italy (Continued)
|
|
|||
|
24,372
|
UniCredit S.p.A. (EUR)
|
$1,844,746
|
|||
|
85,318
|
Unipol Assicurazioni S.p.A.
(EUR)
|
1,829,066
|
|||
|
|
|
37,985,120
|
|||
|
|
Luxembourg — 1.0%
|
|
|||
|
47,446
|
ArcelorMittal S.A. (EUR)
|
1,703,432
|
|||
|
92,719
|
Tenaris S.A. (EUR)
|
1,653,539
|
|||
|
|
|
3,356,971
|
|||
|
|
Netherlands — 3.9%
|
|
|||
|
64,870
|
ABN AMRO Bank N.V.
(EUR) (c) (d)
|
2,075,383
|
|||
|
31,606
|
ASR Nederland N.V. (EUR)
|
2,144,050
|
|||
|
3,131
|
Euronext N.V. (EUR) (c) (d)
|
468,317
|
|||
|
55,558
|
Iveco Group N.V. (EUR)
|
1,197,261
|
|||
|
12,113
|
Koninklijke Ahold Delhaize
N.V. (EUR)
|
489,924
|
|||
|
31,319
|
Koninklijke Vopak N.V. (EUR)
|
1,435,508
|
|||
|
104,657
|
STMicroelectronics N.V. (EUR)
|
2,930,519
|
|||
|
55,558
|
Technip Energies N.V. (EUR)
|
2,614,341
|
|||
|
|
|
13,355,303
|
|||
|
|
Norway — 4.3%
|
|
|||
|
76,373
|
Aker BP ASA (NOK)
|
1,936,962
|
|||
|
51,874
|
DNB Bank ASA (NOK)
|
1,411,265
|
|||
|
68,384
|
Equinor ASA (NOK)
|
1,667,877
|
|||
|
19,701
|
Gjensidige Forsikring ASA
(NOK)
|
577,632
|
|||
|
46,552
|
Kongsberg Gruppen ASA
(NOK)
|
1,487,819
|
|||
|
78,975
|
Norsk Hydro ASA (NOK)
|
534,965
|
|||
|
43,466
|
Orkla ASA (NOK)
|
453,844
|
|||
|
56,243
|
SpareBank 1 Sor-Norge ASA
(NOK)
|
1,002,050
|
|||
|
71,636
|
Storebrand ASA (NOK)
|
1,092,534
|
|||
|
94,959
|
Telenor ASA (NOK)
|
1,573,840
|
|||
|
84,446
|
Vend Marketplaces ASA (NOK)
|
3,002,284
|
|||
|
|
|
14,741,072
|
|||
|
|
Portugal — 1.2%
|
|
|||
|
2,253,918
|
Banco Comercial Portugues
S.A., Class R (EUR)
|
1,993,133
|
|||
|
269,041
|
EDP S.A. (EUR)
|
1,275,161
|
|||
|
25,793
|
Galp Energia SGPS S.A. (EUR)
|
487,546
|
|||
|
21,359
|
Jeronimo Martins SGPS S.A.
(EUR)
|
519,086
|
|||
|
|
|
4,274,926
|
|||
|
|
Spain — 9.7%
|
|
|||
|
3,466
|
Acciona S.A. (EUR)
|
695,438
|
|||
|
39,680
|
ACS Actividades de
Construccion y Servicios S.A.
(EUR)
|
3,167,878
|
|||
|
166,850
|
Banco Bilbao Vizcaya
Argentaria S.A. (EUR)
|
3,200,856
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Spain (Continued)
|
|
|||
|
810,980
|
Banco de Sabadell S.A. (EUR)
|
$3,142,042
|
|||
|
337,821
|
Banco Santander S.A. (EUR)
|
3,519,605
|
|||
|
204,308
|
Bankinter S.A. (EUR)
|
3,215,437
|
|||
|
233,414
|
CaixaBank S.A. (EUR)
|
2,451,566
|
|||
|
17,087
|
Endesa S.A. (EUR)
|
545,861
|
|||
|
78,336
|
Indra Sistemas S.A. (EUR)
|
3,504,082
|
|||
|
402,999
|
International Consolidated
Airlines Group S.A. (GBP)
|
2,092,636
|
|||
|
294,601
|
Mapfre S.A. (EUR)
|
1,393,886
|
|||
|
170,174
|
Repsol S.A. (EUR)
|
3,009,887
|
|||
|
1,226,927
|
Unicaja Banco S.A.
(EUR) (c) (d) (f)
|
3,356,313
|
|||
|
|
|
33,295,487
|
|||
|
|
Sweden — 5.1%
|
|
|||
|
69,392
|
Boliden AB (SEK) (e)
|
2,820,819
|
|||
|
63,664
|
Essity AB, Class B (SEK)
|
1,662,200
|
|||
|
37,091
|
Industrivarden AB, Class C
(SEK)
|
1,469,157
|
|||
|
76,125
|
Investor AB, Class B (SEK)
|
2,377,693
|
|||
|
46,157
|
Saab AB, Class B (SEK)
|
2,816,664
|
|||
|
44,930
|
SKF AB, Class B (SEK)
|
1,112,941
|
|||
|
372,940
|
SSAB AB, Class B (SEK)
|
2,162,913
|
|||
|
33,511
|
Tele2 AB, Class B (SEK)
|
571,485
|
|||
|
1,183,534
|
Volvo Car AB, Class B
(SEK) (e) (f)
|
2,426,934
|
|||
|
|
|
17,420,806
|
|||
|
|
Switzerland — 2.1%
|
|
|||
|
10,408
|
Avolta AG (CHF)
|
562,990
|
|||
|
2,588
|
BKW AG (CHF)
|
552,354
|
|||
|
29,995
|
Coca-Cola HBC AG (GBP)
|
1,413,523
|
|||
|
8,759
|
Helvetia Holding AG (CHF)
|
2,142,299
|
|||
|
2,671
|
Sulzer AG (CHF)
|
452,297
|
|||
|
785
|
Swisscom AG (CHF)
|
569,484
|
|||
|
2,373
|
VZ Holding AG (CHF)
|
496,033
|
|||
|
1,301
|
Zurich Insurance Group AG
(CHF)
|
926,005
|
|||
|
|
|
7,114,985
|
|||
|
|
United Kingdom — 19.5%
|
|
|||
|
38,754
|
3i Group PLC (GBP)
|
2,131,196
|
|||
|
36,328
|
Anglogold Ashanti PLC (ZAR)
|
2,552,699
|
|||
|
8,450
|
Ashtead Group PLC (GBP)
|
564,242
|
|||
|
91,712
|
Associated British Foods PLC
(GBP)
|
2,529,774
|
|||
|
63,102
|
Aviva PLC (GBP)
|
582,010
|
|||
|
193,558
|
Babcock International
Group PLC (GBP)
|
3,462,203
|
|||
|
67,395
|
BAE Systems PLC (GBP)
|
1,866,267
|
|||
|
243,461
|
Barclays PLC (GBP)
|
1,242,926
|
|||
|
151,172
|
Beazley PLC (GBP)
|
1,844,032
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
United Kingdom (Continued)
|
|
|||
|
29,325
|
Berkeley Group Holdings PLC
(GBP)
|
$1,512,887
|
|||
|
211,239
|
BT Group PLC (GBP)
|
543,048
|
|||
|
938,307
|
Centrica PLC (GBP)
|
2,102,373
|
|||
|
396,044
|
easyJet PLC (GBP)
|
2,471,447
|
|||
|
19,260
|
Endeavour Mining PLC (GBP)
|
802,986
|
|||
|
114,619
|
Evraz PLC (GBP) (e) (g) (h) (i)
|
0
|
|||
|
192,771
|
Fresnillo PLC (GBP)
|
6,118,480
|
|||
|
166,591
|
Harbour Energy PLC (GBP)
|
464,676
|
|||
|
120,268
|
HSBC Holdings PLC (GBP)
|
1,690,270
|
|||
|
147,279
|
IG Group Holdings PLC (GBP)
|
2,133,273
|
|||
|
36,685
|
Imperial Brands PLC (GBP)
|
1,558,083
|
|||
|
148,954
|
J Sainsbury PLC (GBP)
|
669,096
|
|||
|
1,547,895
|
JD Sports Fashion PLC (GBP)
|
1,983,920
|
|||
|
414,931
|
Kingfisher PLC (GBP)
|
1,722,671
|
|||
|
2,430,218
|
Lloyds Banking Group PLC
(GBP)
|
2,739,572
|
|||
|
310,173
|
NatWest Group PLC (GBP)
|
2,175,862
|
|||
|
3,161
|
Next PLC (GBP)
|
526,089
|
|||
|
28,764
|
Pearson PLC (GBP)
|
408,704
|
|||
|
38,192
|
Rio Tinto PLC (GBP)
|
2,510,435
|
|||
|
140,323
|
Rolls-Royce Holdings PLC
(GBP)
|
2,245,772
|
|||
|
37,204
|
Shell PLC (GBP)
|
1,324,193
|
|||
|
65,936
|
SSE PLC (GBP) (f)
|
1,544,315
|
|||
|
179,294
|
St. James’s Place PLC (GBP)
|
3,062,382
|
|||
|
153,725
|
Standard Chartered PLC (GBP)
|
2,967,820
|
|||
|
1,247,650
|
Tritax Big Box REIT PLC
(GBP)
|
2,424,658
|
|||
|
172,157
|
UNITE Group (The) PLC (GBP)
|
1,664,728
|
|||
|
1,922,305
|
Vodafone Group PLC (GBP)
|
2,227,501
|
|||
|
14,305
|
Whitbread PLC (GBP)
|
619,489
|
|||
|
|
|
66,990,079
|
|||
|
|
United States — 0.2%
|
|
|||
|
5,141
|
Autoliv, Inc., SDR (SEK)
|
632,359
|
|||
|
|
Total Common Stocks
|
341,901,432
|
|||
|
|
(Cost $254,798,505)
|
|
|||
|
MONEY MARKET FUNDS — 0.0%
|
|||||
|
47,470
|
Dreyfus Government Cash
Management Fund,
Institutional Shares - 4.04% (j)
|
47,470
|
|||
|
|
(Cost $47,470)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 0.8%
|
|||||
|
$528,661
|
Bank of America Corp.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $528,723.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $539,234. (k)
|
$528,661
|
|||
|
773,708
|
JPMorgan Chase & Co.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $773,798.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $789,182. (k)
|
773,708
|
|||
|
463,869
|
Mizuho Financial Group, Inc.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $463,923.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $473,146. (k)
|
463,869
|
|||
|
832,123
|
RBC Dominion Securities, Inc.,
4.19% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $832,220.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $848,765. (k)
|
832,123
|
|||
|
|
Total Repurchase Agreements
|
2,598,361
|
|||
|
|
(Cost $2,598,361)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 100.2%
|
344,547,263
|
|||
|
|
(Cost $257,444,336)
|
|
|||
|
|
Net Other Assets and
Liabilities — (0.2)%
|
(619,521
)
|
|||
|
|
Net Assets — 100.0%
|
$343,927,742
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
Non-income producing security.
|
|
(f)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $2,445,688 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $2,598,361.
|
|
(g)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(h)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At September 30, 2025, securities
noted as such are valued at $0 or 0.0% of net assets.
|
|
(i)
|
This security’s value was determined using significant
unobservable inputs (see Valuation Inputs in the Additional
Information section).
|
|
(j)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(k)
|
This security serves as collateral for securities on loan.
|
|
Sector Allocation
|
% of Total
Investments
|
|
Financials
|
37.8%
|
|
Industrials
|
19.1
|
|
Materials
|
9.2
|
|
Consumer Discretionary
|
8.9
|
|
Energy
|
6.1
|
|
Utilities
|
4.7
|
|
Communication Services
|
4.2
|
|
Consumer Staples
|
3.6
|
|
Real Estate
|
1.9
|
|
All Other
|
4.5
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
EUR
|
63.9%
|
|
GBP
|
20.2
|
|
SEK
|
5.2
|
|
NOK
|
4.3
|
|
DKK
|
2.6
|
|
CHF
|
1.7
|
|
USD
|
1.4
|
|
ZAR
|
0.7
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks:
|
|
|
|
|
|
United Kingdom
|
$ 66,990,079
|
$ 66,990,079
|
$ —
|
$ —**
|
|
Other Country
Categories*
|
274,911,353
|
274,911,353
|
—
|
—
|
|
Money Market Funds
|
47,470
|
47,470
|
—
|
—
|
|
Repurchase
Agreements
|
2,598,361
|
—
|
2,598,361
|
—
|
|
Total Investments
|
$344,547,263
|
$341,948,902
|
$2,598,361
|
$—**
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
**
|
Investment is valued at $0.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.3%
|
|||||
|
|
Brazil — 44.8%
|
|
|||
|
118,117
|
Ambev S.A. (BRL)
|
$268,314
|
|||
|
131,349
|
B3 S.A. - Brasil Bolsa Balcao
(BRL)
|
330,702
|
|||
|
41,952
|
Banco Bradesco S.A. (Preference
Shares) (BRL)
|
139,439
|
|||
|
56,565
|
Banco do Brasil S.A. (BRL)
|
234,773
|
|||
|
19,892
|
Banco Santander Brasil S.A.
(BRL)
|
109,883
|
|||
|
39,568
|
BB Seguridade Participacoes
S.A. (BRL)
|
247,270
|
|||
|
39,092
|
Centrais Eletricas Brasileiras
S.A. (BRL)
|
385,760
|
|||
|
259,029
|
Cia Energetica de Minas Gerais
(Preference Shares) (BRL)
|
542,660
|
|||
|
153,178
|
Cia Paranaense de Energia -
Copel, Class B (Preference
Shares) (BRL)
|
370,695
|
|||
|
85,869
|
CSN Mineracao S.A. (BRL)
|
89,221
|
|||
|
40,420
|
Embraer S.A. (BRL)
|
609,765
|
|||
|
13,770
|
Engie Brasil Energia S.A. (BRL)
|
105,301
|
|||
|
33,220
|
Equatorial Energia S.A. (BRL)
|
230,632
|
|||
|
164,254
|
Gerdau S.A. (Preference Shares)
(BRL)
|
512,614
|
|||
|
224,985
|
Itausa S.A. (Preference Shares)
(BRL)
|
484,866
|
|||
|
31,648
|
Localiza Rent a Car S.A. (BRL)
|
234,584
|
|||
|
91,328
|
Motiva Infraestrutura de
Mobilidade S.A. (BRL)
|
255,336
|
|||
|
28,607
|
Petroleo Brasileiro S.A. -
Petrobras (Preference Shares)
(BRL)
|
169,097
|
|||
|
53,153
|
Porto Seguro S.A. (BRL)
|
497,949
|
|||
|
66,775
|
PRIO S.A. (BRL) (c)
|
478,394
|
|||
|
18,848
|
Rede D’Or Sao Luiz S.A.
(BRL) (d) (e)
|
149,020
|
|||
|
85,334
|
Telefonica Brasil S.A. (BRL)
|
546,259
|
|||
|
88,588
|
TIM S.A. (BRL)
|
391,154
|
|||
|
28,123
|
Vale S.A. (BRL)
|
304,255
|
|||
|
|
|
7,687,943
|
|||
|
|
Chile — 16.3%
|
|
|||
|
7,553
|
Banco de Credito e Inversiones
S.A. (CLP)
|
333,880
|
|||
|
1,635,683
|
Banco Santander Chile (CLP)
|
108,339
|
|||
|
152,334
|
Cencosud S.A. (CLP)
|
433,348
|
|||
|
226,521
|
Empresas CMPC S.A. (CLP)
|
333,975
|
|||
|
53,950
|
Empresas Copec S.A. (CLP)
|
395,045
|
|||
|
1,480,414
|
Enel Chile S.A. (CLP)
|
114,561
|
|||
|
89,590
|
Falabella S.A. (CLP)
|
531,149
|
|||
|
23,748,183
|
Latam Airlines Group S.A.
(CLP)
|
539,715
|
|||
|
|
|
2,790,012
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Colombia — 5.0%
|
|
|||
|
37,456
|
Grupo Cibest S.A. (Preference
Shares) (COP)
|
$487,826
|
|||
|
61,110
|
Interconexion Electrica S.A. ESP
(COP)
|
364,123
|
|||
|
|
|
851,949
|
|||
|
|
Mexico — 30.4%
|
|
|||
|
237,762
|
Alfa S.A.B. de C.V., Class A
(MXN)
|
190,589
|
|||
|
35,490
|
Arca Continental S.A.B. de C.V.
(MXN)
|
372,118
|
|||
|
657,499
|
Cemex S.A.B. de C.V.,
Series CPO (MXN)
|
588,800
|
|||
|
50,747
|
Coca-Cola Femsa S.A.B. de
C.V. (MXN)
|
421,056
|
|||
|
98,268
|
El Puerto de Liverpool S.A.B. de
C.V., Series C1 (MXN)
|
496,075
|
|||
|
79,403
|
Fibra Uno Administracion S.A.
de C.V. (MXN)
|
117,022
|
|||
|
19,500
|
Fomento Economico Mexicano
S.A.B. de C.V., Series UBD
(MXN)
|
192,290
|
|||
|
10,276
|
Gruma S.A.B. de C.V., Class B
(MXN)
|
190,768
|
|||
|
13,377
|
Grupo Financiero Banorte
S.A.B. de C.V., Class O
(MXN)
|
134,752
|
|||
|
82,563
|
Grupo Financiero Inbursa S.A.B.
de C.V., Class O (MXN)
|
227,039
|
|||
|
37,110
|
Grupo Mexico S.A.B. de C.V.,
Series B (MXN)
|
323,653
|
|||
|
25,000
|
Industrias Penoles S.A.B. de
C.V. (MXN) (c)
|
1,117,345
|
|||
|
144,970
|
Prologis Property Mexico S.A.
de C.V. (MXN)
|
593,543
|
|||
|
18,370
|
Promotora y Operadora de
Infraestructura S.A.B. de C.V.
(MXN)
|
250,611
|
|||
|
|
|
5,215,661
|
|||
|
|
Netherlands — 2.8%
|
|
|||
|
32,323
|
JBS N.V., BDR (BRL) (c)
|
483,365
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.3%
|
17,028,930
|
|||
|
|
(Cost $13,283,511)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.7%
|
112,914
|
|||
|
|
Net Assets — 100.0%
|
$17,141,844
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(e)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
BDR
|
– Brazilian Depositary Receipt
|
|
BRL
|
– Brazilian Real
|
|
CLP
|
– Chilean Peso
|
|
COP
|
– Colombian Peso
|
|
MXN
|
– Mexican Peso
|
|
Sector Allocation
|
% of Total
Investments
|
|
Financials
|
19.6%
|
|
Materials
|
19.2
|
|
Consumer Staples
|
15.0
|
|
Utilities
|
12.4
|
|
Industrials
|
11.1
|
|
Consumer Discretionary
|
8.3
|
|
Communication Services
|
5.5
|
|
Real Estate
|
4.2
|
|
Energy
|
3.8
|
|
Health Care
|
0.9
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
BRL
|
48.0%
|
|
MXN
|
30.6
|
|
CLP
|
16.4
|
|
COP
|
5.0
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 17,028,930
|
$ 17,028,930
|
$ —
|
$ —
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 99.6%
|
|||||
|
|
Air Freight & Logistics —
3.1%
|
|
|||
|
404,463
|
JD Logistics, Inc.
(HKD) (b) (c) (d)
|
$680,866
|
|||
|
2,003,481
|
Sinotrans Ltd., Class H (HKD)
|
1,253,793
|
|||
|
|
|
1,934,659
|
|||
|
|
Automobiles — 2.0%
|
|
|||
|
145,733
|
Zhejiang Leapmotor Technology
Co., Ltd., Class H
(HKD) (b) (c) (d)
|
1,242,540
|
|||
|
|
Banks — 1.5%
|
|
|||
|
326,106
|
Bank of Chongqing Co., Ltd.,
Class H (HKD)
|
308,005
|
|||
|
335,232
|
China Construction Bank Corp.,
Class H (HKD)
|
322,225
|
|||
|
678,318
|
China Everbright Bank Co., Ltd.,
Class H (HKD)
|
282,416
|
|||
|
|
|
912,646
|
|||
|
|
Biotechnology — 11.2%
|
|
|||
|
449,655
|
3SBio, Inc. (HKD) (b) (d)
|
1,733,454
|
|||
|
101,468
|
Innovent Biologics, Inc.
(HKD) (b) (c) (d)
|
1,256,949
|
|||
|
195,307
|
Remegen Co., Ltd., Class H
(HKD) (b) (c) (d) (e)
|
2,941,419
|
|||
|
256,067
|
Shanghai Junshi Biosciences
Co., Ltd., Class H
(HKD) (b) (c) (d) (e)
|
1,002,294
|
|||
|
|
|
6,934,116
|
|||
|
|
Capital Markets — 1.6%
|
|
|||
|
201,682
|
GF Securities Co., Ltd., Class H
(HKD)
|
526,108
|
|||
|
991,820
|
Shenwan Hongyuan Group Co.,
Ltd., Class H
(HKD) (b) (d) (e)
|
457,550
|
|||
|
|
|
983,658
|
|||
|
|
Construction & Engineering
— 4.2%
|
|
|||
|
7,592,524
|
China Energy Engineering
Corp., Ltd., Class H (HKD)
|
1,161,034
|
|||
|
2,827,367
|
China Railway Group Ltd.,
Class H (HKD)
|
1,427,862
|
|||
|
|
|
2,588,896
|
|||
|
|
Construction Materials —
1.3%
|
|
|||
|
266,482
|
Anhui Conch Cement Co., Ltd.,
Class H (HKD)
|
804,725
|
|||
|
|
Consumer Staples Distribution
& Retail — 1.7%
|
|
|||
|
123,584
|
JD Health International, Inc.
(HKD) (b) (c) (d)
|
1,056,077
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Diversified Telecommunication
Services — 2.3%
|
|
|||
|
947,599
|
China Tower Corp., Ltd.,
Class H (HKD) (b) (d)
|
$1,397,906
|
|||
|
|
Electrical Equipment — 5.5%
|
|
|||
|
396,583
|
Dongfang Electric Corp., Ltd.,
Class H (HKD) (e)
|
846,477
|
|||
|
1,423,096
|
Goldwind Science &
Technology Co., Ltd., Class H
(HKD)
|
2,560,200
|
|||
|
|
|
3,406,677
|
|||
|
|
Energy Equipment & Services
— 1.1%
|
|
|||
|
826,056
|
China Oilfield Services Ltd.,
Class H (HKD)
|
709,084
|
|||
|
|
Health Care Providers &
Services — 1.6%
|
|
|||
|
433,933
|
Sinopharm Group Co., Ltd.,
Class H (HKD)
|
1,022,665
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 1.2%
|
|
|||
|
1,329,000
|
Datang International Power
Generation Co., Ltd., Class H
(HKD)
|
382,547
|
|||
|
638,394
|
Huadian Power International
Corp., Ltd., Class H (HKD)
|
343,727
|
|||
|
|
|
726,274
|
|||
|
|
Insurance — 9.6%
|
|
|||
|
10,891,283
|
China Reinsurance Group Corp.,
Class H (HKD)
|
2,169,313
|
|||
|
310,817
|
New China Life Insurance Co.,
Ltd., Class H (HKD)
|
1,843,666
|
|||
|
2,225,268
|
People’s Insurance Co. Group of
China (The) Ltd., Class H
(HKD)
|
1,947,336
|
|||
|
|
|
5,960,315
|
|||
|
|
Interactive Media & Services
— 5.8%
|
|
|||
|
127,393
|
Baidu, Inc., Class A (HKD) (c)
|
2,180,527
|
|||
|
1,177,080
|
Meitu, Inc. (HKD) (b) (d)
|
1,402,159
|
|||
|
|
|
3,582,686
|
|||
|
|
Marine Transportation —
2.4%
|
|
|||
|
974,175
|
COSCO SHIPPING Holdings
Co., Ltd., Class H (HKD)
|
1,515,977
|
|||
|
|
Metals & Mining — 16.5%
|
|
|||
|
1,007,582
|
Aluminum Corp. of China Ltd.,
Class H (HKD)
|
1,044,878
|
|||
|
739,152
|
China Hongqiao Group Ltd.
(HKD)
|
2,509,447
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (Continued)
|
|||||
|
|
Metals & Mining (Continued)
|
|
|||
|
666,657
|
CMOC Group Ltd., Class H
(HKD)
|
$1,344,117
|
|||
|
174,521
|
Jiangxi Copper Co., Ltd.,
Class H (HKD)
|
684,005
|
|||
|
487,701
|
Shandong Gold Mining Co.,
Ltd., Class H (HKD) (b) (d)
|
2,315,059
|
|||
|
255,238
|
Wanguo Gold Group Ltd.
(HKD)
|
1,274,558
|
|||
|
260,455
|
Zhaojin Mining Industry Co.,
Ltd., Class H (HKD)
|
1,046,245
|
|||
|
|
|
10,218,309
|
|||
|
|
Oil, Gas & Consumable Fuels
— 12.3%
|
|
|||
|
1,463,640
|
China Coal Energy Co., Ltd.,
Class H (HKD)
|
1,747,276
|
|||
|
2,586,910
|
China Petroleum & Chemical
Corp., Class H (HKD)
|
1,346,319
|
|||
|
1,225,650
|
COSCO SHIPPING Energy
Transportation Co., Ltd.,
Class H (HKD) (e)
|
1,420,642
|
|||
|
689,077
|
Inner Mongolia Yitai Coal Co.,
Ltd., Class B (c) (f)
|
1,320,272
|
|||
|
1,969,347
|
PetroChina Co., Ltd., Class H
(HKD)
|
1,791,707
|
|||
|
|
|
7,626,216
|
|||
|
|
Passenger Airlines — 2.3%
|
|
|||
|
444,910
|
Air China Ltd., Class H
(HKD) (c)
|
332,741
|
|||
|
2,523,489
|
China Eastern Airlines Corp.,
Ltd., Class H (HKD) (c)
|
1,079,835
|
|||
|
|
|
1,412,576
|
|||
|
|
Real Estate Management &
Development — 2.8%
|
|
|||
|
1,147,807
|
Longfor Group Holdings Ltd.
(HKD) (b) (d)
|
1,752,253
|
|||
|
|
Software — 0.6%
|
|
|||
|
172,075
|
Kingdee International Software
Group Co., Ltd. (HKD) (c)
|
387,403
|
|||
|
|
Specialty Retail — 2.8%
|
|
|||
|
49,894
|
Pop Mart International Group
Ltd. (HKD) (b) (d)
|
1,710,589
|
|||
|
|
Technology Hardware, Storage
& Peripherals — 1.5%
|
|
|||
|
133,012
|
Xiaomi Corp., Class B
(HKD) (b) (c) (d)
|
922,988
|
|||
|
|
Textiles, Apparel & Luxury
Goods — 1.9%
|
|
|||
|
13,154
|
Laopu Gold Co., Ltd., Class H
(HKD) (e)
|
1,203,509
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Transportation Infrastructure
— 2.8%
|
|
|||
|
807,393
|
Qingdao Port International Co.,
Ltd., Class H (HKD) (b) (d)
|
$748,052
|
|||
|
1,103,556
|
Zhejiang Expressway Co., Ltd.,
Class H (HKD)
|
1,019,612
|
|||
|
|
|
1,767,664
|
|||
|
|
Total Common Stocks
|
61,780,408
|
|||
|
|
(Cost $50,010,488)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 9.1%
|
|||||
|
$1,153,305
|
Bank of America Corp.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,153,440.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $1,176,371. (h)
|
1,153,305
|
|||
|
1,687,885
|
JPMorgan Chase & Co.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,688,082.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $1,721,643. (h)
|
1,687,885
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS (Continued)
|
|||||
|
$1,011,954
|
Mizuho Financial Group, Inc.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,012,072.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $1,032,193. (h)
|
$1,011,954
|
|||
|
1,815,324
|
RBC Dominion Securities, Inc.,
4.19% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,815,535.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $1,851,631. (h)
|
1,815,324
|
|||
|
|
Total Repurchase Agreements
|
5,668,468
|
|||
|
|
(Cost $5,668,468)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 108.7%
|
67,448,876
|
|||
|
|
(Cost $55,678,956)
|
|
|||
|
|
Net Other Assets and
Liabilities — (8.7)%
|
(5,420,507
)
|
|||
|
|
Net Assets — 100.0%
|
$62,028,369
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $5,331,301 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $5,668,468.
|
|
(f)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(g)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(h)
|
This security serves as collateral for securities on loan.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
HKD
|
– Hong Kong Dollar
|
|
USD
|
– United States Dollar
|
|
Country Allocation†
|
% of Net
Assets
|
|
China
|
72.4%
|
|
Cayman Islands
|
27.2
|
|
United States
|
4.6
|
|
Canada
|
2.9
|
|
Japan
|
1.6
|
|
Total Investments
|
108.7
|
|
Net Other Assets and Liabilities
|
(8.7)
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
HKD
|
89.6%
|
|
USD
|
10.4
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 61,780,408
|
$ 61,780,408
|
$ —
|
$ —
|
|
Repurchase Agreements
|
5,668,468
|
—
|
5,668,468
|
—
|
|
Total Investments
|
$67,448,876
|
$61,780,408
|
$5,668,468
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 99.0%
|
|||||
|
|
Air Freight & Logistics —
1.4%
|
|
|||
|
119,900
|
NIPPON EXPRESS
HOLDINGS, Inc. (JPY)
|
$2,724,981
|
|||
|
|
Automobile Components —
5.3%
|
|
|||
|
140,800
|
Aisin Corp. (JPY)
|
2,437,353
|
|||
|
14,700
|
Bridgestone Corp. (JPY)
|
680,702
|
|||
|
44,400
|
Denso Corp. (JPY)
|
641,148
|
|||
|
54,200
|
Niterra Co., Ltd. (JPY) (b)
|
2,094,187
|
|||
|
56,000
|
Sumitomo Electric Industries
Ltd. (JPY)
|
1,597,241
|
|||
|
87,300
|
Yokohama Rubber (The) Co.,
Ltd. (JPY)
|
3,237,925
|
|||
|
|
|
10,688,556
|
|||
|
|
Automobiles — 6.8%
|
|
|||
|
248,700
|
Honda Motor Co., Ltd. (JPY) (b)
|
2,574,701
|
|||
|
142,000
|
Isuzu Motors Ltd. (JPY) (b)
|
1,795,104
|
|||
|
172,300
|
Subaru Corp. (JPY)
|
3,530,237
|
|||
|
248,700
|
Suzuki Motor Corp. (JPY)
|
3,633,339
|
|||
|
104,300
|
Toyota Motor Corp. (JPY)
|
2,009,689
|
|||
|
|
|
13,543,070
|
|||
|
|
Banks — 0.7%
|
|
|||
|
26,200
|
Rakuten Bank Ltd. (JPY) (c)
|
1,464,975
|
|||
|
|
Broadline Retail — 1.2%
|
|
|||
|
125,200
|
Ryohin Keikaku Co., Ltd. (JPY)
|
2,493,248
|
|||
|
|
Capital Markets — 1.5%
|
|
|||
|
68,900
|
SBI Holdings, Inc. (JPY)
|
2,998,549
|
|||
|
|
Chemicals — 4.1%
|
|
|||
|
337,600
|
Asahi Kasei Corp. (JPY)
|
2,658,385
|
|||
|
228,700
|
Mitsubishi Chemical Group
Corp. (JPY)
|
1,316,511
|
|||
|
26,000
|
Mitsui Chemicals, Inc. (JPY) (b)
|
650,857
|
|||
|
62,700
|
NOF Corp. (JPY)
|
1,096,831
|
|||
|
164,300
|
Tosoh Corp. (JPY) (b)
|
2,432,531
|
|||
|
|
|
8,155,115
|
|||
|
|
Commercial Services &
Supplies — 1.6%
|
|
|||
|
118,700
|
Dai Nippon Printing Co., Ltd.
(JPY)
|
2,019,068
|
|||
|
44,100
|
TOPPAN Holdings, Inc. (JPY)
|
1,131,687
|
|||
|
|
|
3,150,755
|
|||
|
|
Construction & Engineering
— 8.1%
|
|
|||
|
115,200
|
Kajima Corp. (JPY)
|
3,362,094
|
|||
|
130,000
|
Kandenko Co., Ltd. (JPY)
|
3,565,473
|
|||
|
81,700
|
Kinden Corp. (JPY)
|
2,795,981
|
|||
|
39,600
|
Obayashi Corp. (JPY)
|
650,427
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Construction & Engineering
(Continued)
|
|
|||
|
161,400
|
Shimizu Corp. (JPY)
|
$2,269,543
|
|||
|
51,600
|
Taisei Corp. (JPY)
|
3,548,514
|
|||
|
|
|
16,192,032
|
|||
|
|
Consumer Finance — 0.3%
|
|
|||
|
22,300
|
Credit Saison Co., Ltd. (JPY)
|
595,632
|
|||
|
|
Consumer Staples Distribution
& Retail — 4.3%
|
|
|||
|
176,700
|
Aeon Co., Ltd. (JPY)
|
2,144,751
|
|||
|
37,900
|
Cosmos Pharmaceutical Corp.
(JPY)
|
2,214,261
|
|||
|
19,300
|
Kobe Bussan Co., Ltd. (JPY)
|
530,380
|
|||
|
29,200
|
MatsukiyoCocokara & Co. (JPY)
|
593,142
|
|||
|
131,600
|
Sugi Holdings Co., Ltd. (JPY)
|
3,173,314
|
|||
|
|
|
8,655,848
|
|||
|
|
Electric Utilities — 5.5%
|
|
|||
|
194,700
|
Chubu Electric Power Co., Inc.
(JPY)
|
2,710,146
|
|||
|
253,700
|
Kansai Electric Power (The) Co.,
Inc. (JPY)
|
3,634,334
|
|||
|
202,000
|
Kyushu Electric Power Co., Inc.
(JPY) (b)
|
2,020,888
|
|||
|
541,700
|
Tokyo Electric Power Co.
Holdings, Inc. (JPY) (c)
|
2,542,841
|
|||
|
|
|
10,908,209
|
|||
|
|
Electrical Equipment — 3.1%
|
|
|||
|
26,000
|
Fuji Electric Co., Ltd. (JPY)
|
1,748,277
|
|||
|
45,700
|
Fujikura Ltd. (JPY)
|
4,466,941
|
|||
|
|
|
6,215,218
|
|||
|
|
Entertainment — 2.2%
|
|
|||
|
35,200
|
Capcom Co., Ltd. (JPY)
|
957,565
|
|||
|
15,100
|
Konami Group Corp. (JPY)
|
2,179,971
|
|||
|
20,300
|
Toho Co., Ltd. (JPY)
|
1,304,054
|
|||
|
|
|
4,441,590
|
|||
|
|
Financial Services — 1.0%
|
|
|||
|
81,700
|
Mitsubishi HC Capital, Inc.
(JPY)
|
675,378
|
|||
|
106,600
|
Tokyo Century Corp. (JPY)
|
1,360,207
|
|||
|
|
|
2,035,585
|
|||
|
|
Food Products — 0.6%
|
|
|||
|
44,300
|
Ajinomoto Co., Inc. (JPY)
|
1,271,919
|
|||
|
|
Gas Utilities — 1.4%
|
|
|||
|
93,900
|
Osaka Gas Co., Ltd. (JPY)
|
2,723,313
|
|||
|
|
Ground Transportation —
4.0%
|
|
|||
|
134,100
|
Central Japan Railway Co. (JPY)
|
3,847,492
|
|||
|
64,200
|
Keisei Electric Railway Co., Ltd.
(JPY)
|
595,397
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (Continued)
|
|||||
|
|
Ground Transportation
(Continued)
|
|
|||
|
83,900
|
Seibu Holdings, Inc. (JPY)
|
$3,036,932
|
|||
|
26,200
|
West Japan Railway Co. (JPY)
|
574,545
|
|||
|
|
|
8,054,366
|
|||
|
|
Health Care Technology —
0.7%
|
|
|||
|
87,300
|
M3, Inc. (JPY)
|
1,408,512
|
|||
|
|
Hotels, Restaurants & Leisure
— 2.8%
|
|
|||
|
61,800
|
Food & Life Cos., Ltd. (JPY)
|
3,233,232
|
|||
|
262,700
|
Metaplanet, Inc. (JPY) (c)
|
1,021,419
|
|||
|
28,800
|
Skylark Holdings Co., Ltd.
(JPY)
|
595,728
|
|||
|
10,000
|
Zensho Holdings Co., Ltd. (JPY)
|
654,022
|
|||
|
|
|
5,504,401
|
|||
|
|
Household Durables — 4.0%
|
|
|||
|
53,200
|
Open House Group Co., Ltd.
(JPY)
|
2,753,802
|
|||
|
223,000
|
Panasonic Holdings Corp. (JPY)
|
2,427,765
|
|||
|
237,700
|
Sumitomo Forestry Co., Ltd.
(JPY)
|
2,831,312
|
|||
|
|
|
8,012,879
|
|||
|
|
Industrial Conglomerates —
0.3%
|
|
|||
|
2,000
|
Hikari Tsushin, Inc. (JPY)
|
558,272
|
|||
|
|
Insurance — 1.1%
|
|
|||
|
79,700
|
Japan Post Insurance Co., Ltd.
(JPY)
|
2,259,743
|
|||
|
|
IT Services — 1.2%
|
|
|||
|
20,500
|
NEC Corp. (JPY)
|
656,926
|
|||
|
59,800
|
SCSK Corp. (JPY)
|
1,790,947
|
|||
|
|
|
2,447,873
|
|||
|
|
Leisure Products — 0.6%
|
|
|||
|
33,500
|
Bandai Namco Holdings, Inc.
(JPY)
|
1,115,647
|
|||
|
|
Machinery — 6.4%
|
|
|||
|
62,400
|
Ebara Corp. (JPY)
|
1,427,455
|
|||
|
194,600
|
IHI Corp. (JPY)
|
3,631,849
|
|||
|
10,500
|
Japan Steel Works (The) Ltd.
(JPY)
|
639,010
|
|||
|
39,800
|
Kawasaki Heavy Industries Ltd.
(JPY) (b)
|
2,629,381
|
|||
|
18,300
|
Komatsu Ltd. (JPY)
|
638,523
|
|||
|
160,300
|
Kubota Corp. (JPY)
|
2,019,400
|
|||
|
72,100
|
Mitsubishi Heavy Industries Ltd.
(JPY)
|
1,891,171
|
|||
|
|
|
12,876,789
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Marine Transportation —
4.3%
|
|
|||
|
212,100
|
Kawasaki Kisen Kaisha Ltd.
(JPY) (b)
|
$3,020,473
|
|||
|
89,900
|
Mitsui OSK Lines Ltd. (JPY) (b)
|
2,731,924
|
|||
|
83,600
|
Nippon Yusen KK (JPY)
|
2,855,351
|
|||
|
|
|
8,607,748
|
|||
|
|
Media — 2.5%
|
|
|||
|
210,100
|
CyberAgent, Inc. (JPY)
|
2,523,161
|
|||
|
78,100
|
Fuji Media Holdings, Inc.
(JPY) (b)
|
1,849,980
|
|||
|
25,900
|
Nippon Television Holdings,
Inc. (JPY)
|
691,087
|
|||
|
|
|
5,064,228
|
|||
|
|
Metals & Mining — 3.9%
|
|
|||
|
155,000
|
JFE Holdings, Inc. (JPY) (b)
|
1,903,895
|
|||
|
275,400
|
Kobe Steel Ltd. (JPY) (b)
|
3,256,158
|
|||
|
634,500
|
Nippon Steel Corp. (JPY) (b)
|
2,615,057
|
|||
|
|
|
7,775,110
|
|||
|
|
Oil, Gas & Consumable Fuels
— 3.8%
|
|
|||
|
363,700
|
ENEOS Holdings, Inc. (JPY) (b)
|
2,311,537
|
|||
|
198,100
|
Idemitsu Kosan Co., Ltd. (JPY)
|
1,360,987
|
|||
|
214,000
|
Inpex Corp. (JPY)
|
3,868,019
|
|||
|
|
|
7,540,543
|
|||
|
|
Paper & Forest Products —
1.3%
|
|
|||
|
477,700
|
Oji Holdings Corp. (JPY) (b)
|
2,613,242
|
|||
|
|
Passenger Airlines — 1.5%
|
|
|||
|
61,400
|
ANA Holdings, Inc. (JPY)
|
1,187,851
|
|||
|
88,400
|
Japan Airlines Co., Ltd.
(JPY) (b)
|
1,783,124
|
|||
|
|
|
2,970,975
|
|||
|
|
Pharmaceuticals — 0.3%
|
|
|||
|
12,100
|
Otsuka Holdings Co., Ltd. (JPY)
|
643,026
|
|||
|
|
Professional Services — 2.2%
|
|
|||
|
35,100
|
BayCurrent, Inc. (JPY)
|
2,064,915
|
|||
|
1,231,800
|
Persol Holdings Co., Ltd. (JPY)
|
2,246,452
|
|||
|
|
|
4,311,367
|
|||
|
|
Real Estate Management &
Development — 0.4%
|
|
|||
|
84,300
|
Tokyu Fudosan Holdings Corp.
(JPY)
|
698,296
|
|||
|
|
Semiconductors &
Semiconductor Equipment
— 1.2%
|
|
|||
|
24,400
|
Advantest Corp. (JPY)
|
2,417,148
|
|||
|
|
Technology Hardware, Storage
& Peripherals — 2.6%
|
|
|||
|
174,000
|
Brother Industries Ltd. (JPY)
|
2,916,178
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (Continued)
|
|||||
|
|
Technology Hardware, Storage
& Peripherals (Continued)
|
|
|||
|
127,000
|
Ricoh Co., Ltd. (JPY)
|
$1,121,990
|
|||
|
90,600
|
Seiko Epson Corp. (JPY)
|
1,162,787
|
|||
|
|
|
5,200,955
|
|||
|
|
Textiles, Apparel & Luxury
Goods — 0.6%
|
|
|||
|
47,100
|
Asics Corp. (JPY)
|
1,233,196
|
|||
|
|
Trading Companies &
Distributors — 4.2%
|
|
|||
|
59,500
|
Marubeni Corp. (JPY)
|
1,487,852
|
|||
|
58,900
|
Mitsui & Co., Ltd. (JPY)
|
1,465,679
|
|||
|
73,400
|
Sojitz Corp. (JPY) (b)
|
1,943,635
|
|||
|
93,000
|
Sumitomo Corp. (JPY)
|
2,696,582
|
|||
|
26,500
|
Toyota Tsusho Corp. (JPY)
|
735,051
|
|||
|
|
|
8,328,799
|
|||
|
|
Total Common Stocks
|
197,901,710
|
|||
|
|
(Cost $159,679,284)
|
|
|||
|
MONEY MARKET FUNDS — 0.1%
|
|||||
|
213,532
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (d)
|
213,532
|
|||
|
|
(Cost $213,532)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 15.6%
|
|||||
|
$6,337,006
|
Bank of America Corp.,
4.20% (d), dated 09/30/25,
due 10/01/25, with a maturity
value of $6,337,745.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $6,463,746. (e)
|
6,337,006
|
|||
|
9,274,351
|
JPMorgan Chase & Co.,
4.20% (d), dated 09/30/25,
due 10/01/25, with a maturity
value of $9,275,433.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $9,459,838. (e)
|
9,274,351
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
|
|||||
|
$5,560,328
|
Mizuho Financial Group, Inc.,
4.20% (d), dated 09/30/25,
due 10/01/25, with a maturity
value of $5,560,977.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $5,671,536. (e)
|
$5,560,328
|
|||
|
9,974,573
|
RBC Dominion Securities, Inc.,
4.19% (d), dated 09/30/25,
due 10/01/25, with a maturity
value of $9,975,734.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $10,174,065. (e)
|
9,974,573
|
|||
|
|
Total Repurchase Agreements
|
31,146,258
|
|||
|
|
(Cost $31,146,258)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 114.7%
|
229,261,500
|
|||
|
|
(Cost $191,039,074)
|
|
|||
|
|
Net Other Assets and
Liabilities — (14.7)%
|
(29,387,434
)
|
|||
|
|
Net Assets — 100.0%
|
$199,874,066
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $27,780,319 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $31,146,258.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(e)
|
This security serves as collateral for securities on loan.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
JPY
|
– Japanese Yen
|
|
USD
|
– United States Dollar
|
|
Country Allocation†
|
% of Net
Assets
|
|
Japan
|
101.8%
|
|
United States
|
7.9
|
|
Canada
|
5.0
|
|
Total Investments
|
114.7
|
|
Net Other Assets and Liabilities
|
(14.7)
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
JPY
|
86.3%
|
|
USD
|
13.7
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 197,901,710
|
$ 197,901,710
|
$ —
|
$ —
|
|
Money Market
Funds
|
213,532
|
213,532
|
—
|
—
|
|
Repurchase
Agreements
|
31,146,258
|
—
|
31,146,258
|
—
|
|
Total Investments
|
$229,261,500
|
$198,115,242
|
$31,146,258
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.4%
|
|||||
|
|
Australia — 3.7%
|
|
|||
|
627,999
|
Evolution Mining Ltd. (AUD)
|
$4,500,370
|
|||
|
290,507
|
Fortescue Ltd. (AUD)
|
3,590,825
|
|||
|
48,899
|
Northern Star Resources Ltd.
(AUD)
|
767,818
|
|||
|
395,930
|
Qantas Airways Ltd. (AUD)
|
2,860,895
|
|||
|
40,902
|
QBE Insurance Group Ltd.
(AUD)
|
557,265
|
|||
|
30,930
|
Rio Tinto Ltd. (AUD)
|
2,497,511
|
|||
|
402,258
|
Santos Ltd. (AUD)
|
1,791,351
|
|||
|
622,072
|
Sigma Healthcare Ltd. (AUD)
|
1,222,525
|
|||
|
33,772
|
Telix Pharmaceuticals Ltd.
(AUD) (c)
|
325,595
|
|||
|
193,126
|
Woodside Energy Group Ltd.
(AUD)
|
2,943,035
|
|||
|
882,427
|
Yancoal Australia Ltd.
(AUD) (d)
|
3,094,678
|
|||
|
|
|
24,151,868
|
|||
|
|
Austria — 1.1%
|
|
|||
|
21,692
|
BAWAG Group AG
(EUR) (e) (f)
|
2,852,368
|
|||
|
22,556
|
OMV AG (EUR)
|
1,202,810
|
|||
|
21,792
|
Raiffeisen Bank International
AG (EUR)
|
750,663
|
|||
|
50,693
|
Vienna Insurance Group AG
Wiener Versicherung Gruppe
(EUR)
|
2,788,338
|
|||
|
|
|
7,594,179
|
|||
|
|
Belgium — 0.9%
|
|
|||
|
18,675
|
Ageas S.A./N.V. (EUR)
|
1,291,409
|
|||
|
9,216
|
KBC Ancora (EUR)
|
729,273
|
|||
|
6,148
|
KBC Group N.V. (EUR)
|
732,274
|
|||
|
10,914
|
Sofina S.A. (EUR)
|
3,216,219
|
|||
|
|
|
5,969,175
|
|||
|
|
Bermuda — 0.7%
|
|
|||
|
1,710,862
|
Kunlun Energy Co., Ltd. (HKD)
|
1,530,156
|
|||
|
187,847
|
Orient Overseas International
Ltd. (HKD)
|
3,048,732
|
|||
|
|
|
4,578,888
|
|||
|
|
Canada — 6.1%
|
|
|||
|
15,410
|
Agnico Eagle Mines Ltd. (CAD)
|
2,595,462
|
|||
|
62,491
|
Alamos Gold, Inc., Class A
(CAD)
|
2,178,227
|
|||
|
16,795
|
Capital Power Corp. (CAD) (d)
|
788,642
|
|||
|
7,055
|
Celestica, Inc. (CAD) (c)
|
1,736,097
|
|||
|
120,139
|
Cenovus Energy, Inc. (CAD)
|
2,039,868
|
|||
|
25,133
|
Definity Financial Corp. (CAD)
|
1,291,775
|
|||
|
33,309
|
Empire Co., Ltd., Class A
(CAD)
|
1,195,505
|
|||
|
1,157
|
Fairfax Financial Holdings Ltd.
(CAD)
|
2,024,189
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Canada (Continued)
|
|
|||
|
9,826
|
George Weston Ltd. (CAD)
|
$599,360
|
|||
|
176,704
|
Kinross Gold Corp. (CAD)
|
4,385,540
|
|||
|
72,556
|
Lundin Gold, Inc. (CAD)
|
4,700,995
|
|||
|
49,125
|
Magna International, Inc. (CAD)
|
2,327,587
|
|||
|
95,235
|
MEG Energy Corp. (CAD)
|
1,921,534
|
|||
|
66,156
|
Open Text Corp. (CAD)
|
2,472,828
|
|||
|
86,189
|
Pan American Silver Corp.
(CAD)
|
3,339,924
|
|||
|
78,706
|
Power Corp. of Canada
(CAD) (d)
|
3,405,673
|
|||
|
5,565
|
RB Global, Inc. (CAD)
|
602,765
|
|||
|
28,836
|
Suncor Energy, Inc. (CAD)
|
1,206,732
|
|||
|
14,383
|
Wheaton Precious Metals Corp.
(CAD)
|
1,609,548
|
|||
|
|
|
40,422,251
|
|||
|
|
Cayman Islands — 2.6%
|
|
|||
|
168,405
|
China Resources Land Ltd.
(HKD)
|
657,437
|
|||
|
1,294,445
|
China State Construction
International Holdings Ltd.
(HKD)
|
1,648,424
|
|||
|
276,233
|
CK Asset Holdings Ltd. (HKD)
|
1,338,933
|
|||
|
296,905
|
CK Hutchison Holdings Ltd.
(HKD)
|
1,955,343
|
|||
|
1,301,154
|
Geely Automobile Holdings Ltd.
(HKD)
|
3,268,790
|
|||
|
410,542
|
SITC International Holdings Co.,
Ltd. (HKD)
|
1,580,560
|
|||
|
3,031,835
|
WH Group Ltd. (HKD) (e) (f)
|
3,284,314
|
|||
|
2,822,247
|
Xinyi Glass Holdings Ltd.
(HKD) (d)
|
3,271,245
|
|||
|
|
|
17,005,046
|
|||
|
|
Denmark — 1.3%
|
|
|||
|
1,605
|
A.P. Moller - Maersk A/S,
Class B (DKK)
|
3,146,613
|
|||
|
332,289
|
H. Lundbeck A/S (DKK)
|
2,380,045
|
|||
|
97,120
|
ISS A/S (DKK)
|
3,073,355
|
|||
|
|
|
8,600,013
|
|||
|
|
Finland — 0.2%
|
|
|||
|
18,843
|
Orion Oyj, Class B (EUR)
|
1,441,293
|
|||
|
|
France — 2.7%
|
|
|||
|
7,340
|
Arkema S.A. (EUR)
|
461,901
|
|||
|
13,115
|
AXA S.A. (EUR)
|
625,763
|
|||
|
20,094
|
BNP Paribas S.A. (EUR)
|
1,824,325
|
|||
|
39,725
|
Carrefour S.A. (EUR)
|
601,413
|
|||
|
92,131
|
Credit Agricole S.A. (EUR)
|
1,808,548
|
|||
|
9,634
|
Eiffage S.A. (EUR)
|
1,229,487
|
|||
|
25,159
|
Elis S.A. (EUR)
|
723,090
|
|||
|
16,719
|
Klepierre S.A. (EUR)
|
650,898
|
|||
|
37,340
|
Societe Generale S.A. (EUR)
|
2,470,775
|
|||
|
39,287
|
SPIE S.A. (EUR)
|
2,112,527
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
France (Continued)
|
|
|||
|
11,176
|
Teleperformance SE (EUR)
|
$831,098
|
|||
|
8,390
|
Thales S.A. (EUR)
|
2,626,092
|
|||
|
25,905
|
TotalEnergies SE (EUR)
|
1,573,309
|
|||
|
|
|
17,539,226
|
|||
|
|
Germany — 9.9%
|
|
|||
|
5,852
|
Allianz SE (EUR)
|
2,455,538
|
|||
|
29,590
|
Aurubis AG (EUR)
|
3,689,414
|
|||
|
101,511
|
Auto1 Group SE (EUR) (c)
|
3,456,201
|
|||
|
27,968
|
Bayerische Motoren Werke AG
(EUR)
|
2,805,502
|
|||
|
122,834
|
Commerzbank AG (EUR)
|
4,627,817
|
|||
|
20,908
|
Continental AG (EUR)
|
1,377,584
|
|||
|
118,051
|
Deutsche Bank AG (EUR)
|
4,151,016
|
|||
|
1,901
|
Deutsche Boerse AG (EUR)
|
509,091
|
|||
|
307,746
|
Deutsche Lufthansa AG (EUR)
|
2,604,324
|
|||
|
30,205
|
Deutsche Telekom AG (EUR)
|
1,028,761
|
|||
|
22,497
|
Dr. Ing hc F Porsche AG
(Preference Shares)
(EUR) (e) (f)
|
1,090,315
|
|||
|
9,246
|
GEA Group AG (EUR)
|
682,255
|
|||
|
6,540
|
Heidelberg Materials AG (EUR)
|
1,470,780
|
|||
|
33,372
|
Hensoldt AG (EUR)
|
4,321,610
|
|||
|
16,406
|
HOCHTIEF AG (EUR)
|
4,387,774
|
|||
|
26,901
|
KION Group AG (EUR)
|
1,814,455
|
|||
|
47,533
|
Mercedes-Benz Group AG
(EUR)
|
2,983,962
|
|||
|
1,772
|
Muenchener
Rueckversicherungs-
Gesellschaft AG in Muenchen
(EUR)
|
1,130,502
|
|||
|
1,562
|
Rheinmetall AG (EUR)
|
3,639,318
|
|||
|
78,008
|
RWE AG (EUR)
|
3,463,766
|
|||
|
38,274
|
Siemens Energy AG (EUR) (c)
|
4,467,509
|
|||
|
26,637
|
Talanx AG (EUR)
|
3,540,133
|
|||
|
217,737
|
thyssenkrupp AG (EUR)
|
2,984,537
|
|||
|
16,520
|
Volkswagen AG (Preference
Shares) (EUR)
|
1,783,598
|
|||
|
6,819
|
Wacker Chemie AG (EUR)
|
513,176
|
|||
|
|
|
64,978,938
|
|||
|
|
Greece — 1.7%
|
|
|||
|
1,170,834
|
Alpha Bank S.A. (EUR)
|
4,967,883
|
|||
|
418,949
|
Eurobank Ergasias Services and
Holdings S.A. (EUR)
|
1,614,312
|
|||
|
408,215
|
Piraeus Financial Holdings S.A.
(EUR)
|
3,457,426
|
|||
|
74,834
|
Public Power Corp. S.A. (EUR)
|
1,231,785
|
|||
|
|
|
11,271,406
|
|||
|
|
Hong Kong — 2.4%
|
|
|||
|
589,011
|
Beijing Enterprises Holdings
Ltd. (HKD)
|
2,517,429
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Hong Kong (Continued)
|
|
|||
|
276,519
|
BOC Hong Kong Holdings Ltd.
(HKD)
|
$1,298,390
|
|||
|
1,292,714
|
China Merchants Port Holdings
Co., Ltd. (HKD)
|
2,420,324
|
|||
|
2,964,253
|
China Power International
Development Ltd. (HKD)
|
1,230,352
|
|||
|
937,707
|
China Resources Power
Holdings Co., Ltd. (HKD)
|
2,149,679
|
|||
|
367,517
|
China Taiping Insurance
Holdings Co., Ltd. (HKD)
|
718,793
|
|||
|
1,518,883
|
Guangdong Investment Ltd.
(HKD)
|
1,379,924
|
|||
|
341,113
|
MTR Corp., Ltd. (HKD)
|
1,156,337
|
|||
|
315,324
|
Swire Pacific Ltd., Class A
(HKD)
|
2,672,289
|
|||
|
|
|
15,543,517
|
|||
|
|
Ireland — 0.2%
|
|
|||
|
86,850
|
AIB Group PLC (EUR)
|
786,672
|
|||
|
47,655
|
Bank of Ireland Group PLC
(EUR)
|
784,132
|
|||
|
|
|
1,570,804
|
|||
|
|
Israel — 2.3%
|
|
|||
|
124,239
|
Bank Hapoalim BM (ILS)
|
2,525,140
|
|||
|
166,518
|
Bank Leumi Le-Israel BM (ILS)
|
3,282,399
|
|||
|
5,820
|
Elbit Systems Ltd. (ILS)
|
2,946,724
|
|||
|
80,889
|
Israel Discount Bank Ltd.,
Class A (ILS)
|
799,561
|
|||
|
150,702
|
Phoenix Financial Ltd. (ILS)
|
5,641,884
|
|||
|
|
|
15,195,708
|
|||
|
|
Italy — 5.4%
|
|
|||
|
464,501
|
A2A S.p.A. (EUR)
|
1,214,492
|
|||
|
9,974
|
Banca Generali S.p.A. (EUR)
|
555,289
|
|||
|
34,754
|
Banca Mediolanum S.p.A.
(EUR)
|
695,692
|
|||
|
282,205
|
Banca Monte dei Paschi di Siena
S.p.A. (EUR)
|
2,498,181
|
|||
|
275,607
|
Banco BPM S.p.A. (EUR)
|
4,117,522
|
|||
|
214,356
|
BPER Banca S.p.A. (EUR)
|
2,374,715
|
|||
|
46,602
|
Buzzi S.p.A. (EUR)
|
2,558,391
|
|||
|
164,326
|
Credito Emiliano S.p.A. (EUR)
|
2,643,107
|
|||
|
36,145
|
Eni S.p.A. (EUR)
|
630,856
|
|||
|
15,953
|
Generali (EUR)
|
625,758
|
|||
|
326,467
|
Intesa Sanpaolo S.p.A. (EUR)
|
2,151,788
|
|||
|
57,458
|
Leonardo S.p.A. (EUR)
|
3,644,122
|
|||
|
110,730
|
Lottomatica Group S.p.A. (EUR)
|
2,979,667
|
|||
|
29,926
|
Mediobanca Banca di Credito
Finanziario S.p.A. (EUR)
|
605,547
|
|||
|
94,398
|
Pirelli & C S.p.A. (EUR) (e) (f)
|
642,139
|
|||
|
94,065
|
Poste Italiane S.p.A.
(EUR) (e) (f)
|
2,229,730
|
|||
|
1,662,700
|
Telecom Italia S.p.A. (EUR) (c)
|
869,270
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Italy (Continued)
|
|
|||
|
29,993
|
UniCredit S.p.A. (EUR)
|
$2,270,207
|
|||
|
104,994
|
Unipol Assicurazioni S.p.A.
(EUR)
|
2,250,884
|
|||
|
|
|
35,557,357
|
|||
|
|
Japan — 22.1%
|
|
|||
|
102,600
|
Aisin Corp. (JPY)
|
1,776,083
|
|||
|
59,700
|
ANA Holdings, Inc. (JPY)
|
1,154,963
|
|||
|
79,700
|
Asahi Kasei Corp. (JPY)
|
627,587
|
|||
|
66,600
|
Bandai Namco Holdings, Inc.
(JPY)
|
2,217,973
|
|||
|
24,900
|
BayCurrent, Inc. (JPY)
|
1,464,854
|
|||
|
14,000
|
Bridgestone Corp. (JPY)
|
648,288
|
|||
|
145,600
|
Central Japan Railway Co. (JPY)
|
4,177,441
|
|||
|
205,200
|
Chubu Electric Power Co., Inc.
(JPY)
|
2,856,302
|
|||
|
157,000
|
Dai Nippon Printing Co., Ltd.
(JPY)
|
2,670,545
|
|||
|
73,300
|
Dai-ichi Life Holdings, Inc.
(JPY)
|
577,934
|
|||
|
90,200
|
Denso Corp. (JPY)
|
1,302,513
|
|||
|
213,000
|
ENEOS Holdings, Inc. (JPY) (d)
|
1,353,746
|
|||
|
26,600
|
Fuji Electric Co., Ltd. (JPY)
|
1,788,622
|
|||
|
41,500
|
Hitachi Construction Machinery
Co., Ltd. (JPY) (d)
|
1,328,471
|
|||
|
310,000
|
Honda Motor Co., Ltd. (JPY) (d)
|
3,209,318
|
|||
|
279,700
|
IHI Corp. (JPY)
|
5,220,083
|
|||
|
202,400
|
Inpex Corp. (JPY)
|
3,658,351
|
|||
|
82,600
|
Isuzu Motors Ltd. (JPY) (d)
|
1,044,195
|
|||
|
65,200
|
Japan Airlines Co., Ltd.
(JPY) (d)
|
1,315,154
|
|||
|
54,700
|
Japan Post Insurance Co., Ltd.
(JPY)
|
1,550,915
|
|||
|
181,700
|
JFE Holdings, Inc. (JPY) (d)
|
2,231,856
|
|||
|
234,600
|
Kansai Electric Power (The) Co.,
Inc. (JPY)
|
3,360,720
|
|||
|
46,700
|
Kawasaki Heavy Industries Ltd.
(JPY) (d)
|
3,085,228
|
|||
|
205,700
|
Kawasaki Kisen Kaisha Ltd.
(JPY) (d)
|
2,929,332
|
|||
|
308,900
|
Keisei Electric Railway Co., Ltd.
(JPY) (d)
|
2,864,769
|
|||
|
192,400
|
Kobe Steel Ltd. (JPY) (d)
|
2,274,818
|
|||
|
38,400
|
Komatsu Ltd. (JPY)
|
1,339,852
|
|||
|
9,700
|
Konami Group Corp. (JPY)
|
1,400,379
|
|||
|
136,400
|
Kubota Corp. (JPY)
|
1,718,316
|
|||
|
191,200
|
Kyushu Electric Power Co., Inc.
(JPY) (d)
|
1,912,840
|
|||
|
330,000
|
LY Corp. (JPY)
|
1,062,400
|
|||
|
139,900
|
Marubeni Corp. (JPY)
|
3,498,328
|
|||
|
226,600
|
Mitsubishi Chemical Group
Corp. (JPY)
|
1,304,423
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Japan (Continued)
|
|
|||
|
31,800
|
Mitsubishi Corp. (JPY)
|
$759,278
|
|||
|
83,300
|
Mitsubishi HC Capital, Inc.
(JPY) (d)
|
688,604
|
|||
|
66,000
|
Mitsubishi Heavy Industries Ltd.
(JPY)
|
1,731,170
|
|||
|
82,900
|
Mitsubishi UFJ Financial Group,
Inc. (JPY)
|
1,342,006
|
|||
|
89,200
|
Mitsui & Co., Ltd. (JPY)
|
2,219,671
|
|||
|
49,900
|
Mitsui Chemicals, Inc. (JPY) (d)
|
1,249,145
|
|||
|
80,400
|
Mitsui OSK Lines Ltd. (JPY) (d)
|
2,443,234
|
|||
|
61,800
|
Mizuho Financial Group, Inc.
(JPY)
|
2,084,447
|
|||
|
61,400
|
NIPPON EXPRESS
HOLDINGS, Inc. (JPY)
|
1,395,445
|
|||
|
649,400
|
Nippon Steel Corp. (JPY) (d)
|
2,676,467
|
|||
|
27,400
|
Nippon Television Holdings,
Inc. (JPY)
|
731,111
|
|||
|
84,600
|
Nippon Yusen KK (JPY) (d)
|
2,889,506
|
|||
|
221,100
|
Nissan Motor Co., Ltd.
(JPY) (c) (d)
|
543,910
|
|||
|
55,100
|
Niterra Co., Ltd. (JPY) (d)
|
2,128,961
|
|||
|
576,900
|
NTT, Inc. (JPY)
|
603,485
|
|||
|
398,100
|
Oji Holdings Corp. (JPY) (d)
|
2,177,793
|
|||
|
155,800
|
Ono Pharmaceutical Co., Ltd.
(JPY) (d)
|
1,794,147
|
|||
|
27,200
|
ORIX Corp. (JPY)
|
714,003
|
|||
|
23,900
|
Osaka Gas Co., Ltd. (JPY)
|
693,154
|
|||
|
93,500
|
Panasonic Holdings Corp. (JPY)
|
1,017,919
|
|||
|
51,700
|
Rakuten Bank Ltd. (JPY) (c)
|
2,890,809
|
|||
|
129,000
|
Resona Holdings, Inc. (JPY)
|
1,317,608
|
|||
|
163,800
|
Ryohin Keikaku Co., Ltd. (JPY)
|
3,261,933
|
|||
|
36,300
|
Sanrio Co., Ltd. (JPY)
|
1,706,199
|
|||
|
17,500
|
Sanwa Holdings Corp. (JPY)
|
501,268
|
|||
|
35,000
|
Seiko Epson Corp. (JPY)
|
449,200
|
|||
|
83,300
|
Skylark Holdings Co., Ltd.
(JPY)
|
1,723,060
|
|||
|
75,600
|
Sojitz Corp. (JPY) (d)
|
2,001,891
|
|||
|
73,400
|
Sompo Holdings, Inc. (JPY)
|
2,270,717
|
|||
|
66,400
|
Sony Financial Group, Inc.
(JPY) (c)
|
73,636
|
|||
|
66,400
|
Sony Group Corp. (JPY)
|
1,912,281
|
|||
|
157,300
|
Subaru Corp. (JPY)
|
3,222,903
|
|||
|
24,000
|
Sumitomo Corp. (JPY)
|
695,892
|
|||
|
135,100
|
Sumitomo Electric Industries
Ltd. (JPY)
|
3,853,344
|
|||
|
166,300
|
Sumitomo Forestry Co., Ltd.
(JPY)
|
1,980,846
|
|||
|
21,500
|
Sumitomo Mitsui Financial
Group, Inc. (JPY)
|
607,120
|
|||
|
184,100
|
Suzuki Motor Corp. (JPY)
|
2,689,577
|
|||
|
78,900
|
T&D Holdings, Inc. (JPY)
|
1,932,419
|
|||
|
12,700
|
Taisei Corp. (JPY)
|
873,375
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Japan (Continued)
|
|
|||
|
22,000
|
Toho Co., Ltd. (JPY)
|
$1,413,260
|
|||
|
56,600
|
Tokyo Century Corp. (JPY)
|
722,211
|
|||
|
580,900
|
Tokyo Electric Power Co.
Holdings, Inc. (JPY) (c)
|
2,726,854
|
|||
|
162,000
|
Tosoh Corp. (JPY) (d)
|
2,398,479
|
|||
|
94,900
|
Toyota Motor Corp. (JPY)
|
1,828,566
|
|||
|
100,200
|
Toyota Tsusho Corp. (JPY)
|
2,779,325
|
|||
|
70,000
|
Yamaha Motor Co., Ltd. (JPY)
|
525,408
|
|||
|
|
|
145,168,236
|
|||
|
|
Luxembourg — 0.1%
|
|
|||
|
57,236
|
Tenaris S.A. (EUR)
|
1,020,739
|
|||
|
|
Netherlands — 1.9%
|
|
|||
|
79,829
|
ABN AMRO Bank N.V.
(EUR) (e) (f)
|
2,553,966
|
|||
|
38,896
|
ASR Nederland N.V. (EUR)
|
2,638,580
|
|||
|
34,287
|
Iveco Group N.V. (EUR)
|
738,876
|
|||
|
14,960
|
Koninklijke Ahold Delhaize
N.V. (EUR)
|
605,074
|
|||
|
103,035
|
STMicroelectronics N.V. (EUR)
|
2,885,101
|
|||
|
68,370
|
Technip Energies N.V. (EUR)
|
3,217,223
|
|||
|
|
|
12,638,820
|
|||
|
|
Norway — 1.8%
|
|
|||
|
70,489
|
Aker BP ASA (NOK)
|
1,787,732
|
|||
|
63,835
|
DNB Bank ASA (NOK)
|
1,736,672
|
|||
|
42,215
|
Equinor ASA (NOK)
|
1,029,619
|
|||
|
57,288
|
Kongsberg Gruppen ASA
(NOK)
|
1,830,945
|
|||
|
69,422
|
SpareBank 1 Sor-Norge ASA
(NOK)
|
1,236,852
|
|||
|
88,428
|
Storebrand ASA (NOK)
|
1,348,632
|
|||
|
83,136
|
Vend Marketplaces ASA (NOK)
|
2,955,710
|
|||
|
|
|
11,926,162
|
|||
|
|
Portugal — 0.3%
|
|
|||
|
1,854,874
|
Banco Comercial Portugues
S.A., Class R (EUR)
|
1,640,259
|
|||
|
26,367
|
Jeronimo Martins SGPS S.A.
(EUR)
|
640,795
|
|||
|
|
|
2,281,054
|
|||
|
|
Singapore — 1.6%
|
|
|||
|
285,358
|
BOC Aviation Ltd. (HKD) (e) (f)
|
2,552,178
|
|||
|
1,063,500
|
Seatrium Ltd. (SGD)
|
1,953,948
|
|||
|
109,900
|
Singapore Airlines Ltd. (SGD)
|
555,485
|
|||
|
440,500
|
Singapore Technologies
Engineering Ltd. (SGD)
|
2,940,195
|
|||
|
946,700
|
Yangzijiang Shipbuilding
Holdings Ltd. (SGD)
|
2,473,258
|
|||
|
|
|
10,475,064
|
|||
|
|
South Korea — 12.9%
|
|
|||
|
32,325
|
Amorepacific Corp. (KRW)
|
2,817,681
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
South Korea (Continued)
|
|
|||
|
36,994
|
DB Insurance Co., Ltd. (KRW)
|
$3,651,808
|
|||
|
6,622
|
Hanwha Aerospace Co., Ltd.
(KRW)
|
5,224,727
|
|||
|
60,510
|
Hanwha Ocean Co., Ltd.
(KRW) (c)
|
4,756,960
|
|||
|
102,107
|
Hanwha Systems Co., Ltd.
(KRW)
|
4,330,114
|
|||
|
209,464
|
HMM Co., Ltd. (KRW)
|
2,993,303
|
|||
|
36,451
|
Hyundai Glovis Co., Ltd.
(KRW)
|
4,297,064
|
|||
|
15,727
|
Hyundai Mobis Co., Ltd. (KRW)
|
3,345,932
|
|||
|
20,776
|
Hyundai Motor Co. (KRW)
|
3,183,664
|
|||
|
39,019
|
Hyundai Rotem Co., Ltd.
(KRW)
|
6,090,418
|
|||
|
44,389
|
Kia Corp. (KRW)
|
3,185,897
|
|||
|
113,546
|
Korea Electric Power Corp.
(KRW)
|
2,917,454
|
|||
|
153,881
|
Korean Air Lines Co., Ltd.
(KRW)
|
2,495,130
|
|||
|
16,259
|
KT&G Corp. (KRW)
|
1,548,200
|
|||
|
20,150
|
Meritz Financial Group, Inc.
(KRW)
|
1,630,038
|
|||
|
2,953
|
POSCO Holdings, Inc. (KRW)
|
580,897
|
|||
|
14,054
|
Samsung C&T Corp. (KRW)
|
1,849,092
|
|||
|
6,359
|
Samsung Electro-Mechanics Co.,
Ltd. (KRW)
|
876,994
|
|||
|
70,885
|
Samsung Electronics Co., Ltd.
(KRW)
|
4,238,802
|
|||
|
303,938
|
Samsung Heavy Industries Co.,
Ltd. (KRW) (c)
|
4,744,123
|
|||
|
4,362
|
Samsung SDI Co., Ltd. (KRW)
|
637,333
|
|||
|
21,154
|
Samsung SDS Co., Ltd. (KRW)
|
2,475,669
|
|||
|
2,860
|
Samyang Foods Co., Ltd.
(KRW)
|
3,116,738
|
|||
|
17,188
|
SK Hynix, Inc. (KRW)
|
4,257,033
|
|||
|
43,866
|
SK Square Co., Ltd. (KRW) (c)
|
6,299,846
|
|||
|
59,057
|
SK Telecom Co., Ltd. (KRW)
|
2,285,589
|
|||
|
49,814
|
Woori Financial Group, Inc.
(KRW)
|
921,331
|
|||
|
|
|
84,751,837
|
|||
|
|
Spain — 5.5%
|
|
|||
|
48,829
|
ACS Actividades de
Construccion y Servicios S.A.
(EUR)
|
3,898,294
|
|||
|
205,328
|
Banco Bilbao Vizcaya
Argentaria S.A. (EUR)
|
3,939,019
|
|||
|
997,998
|
Banco de Sabadell S.A. (EUR)
|
3,866,620
|
|||
|
415,725
|
Banco Santander S.A. (EUR)
|
4,331,252
|
|||
|
251,423
|
Bankinter S.A. (EUR)
|
3,956,942
|
|||
|
287,241
|
CaixaBank S.A. (EUR)
|
3,016,916
|
|||
|
96,401
|
Indra Sistemas S.A. (EUR)
|
4,312,155
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Spain (Continued)
|
|
|||
|
165,824
|
International Consolidated
Airlines Group S.A. (GBP)
|
$861,067
|
|||
|
181,838
|
Mapfre S.A. (EUR)
|
860,355
|
|||
|
167,534
|
Repsol S.A. (EUR)
|
2,963,193
|
|||
|
1,509,866
|
Unicaja Banco S.A.
(EUR) (d) (e) (f)
|
4,130,305
|
|||
|
|
|
36,136,118
|
|||
|
|
Sweden — 2.2%
|
|
|||
|
68,315
|
Boliden AB (SEK) (c)
|
2,777,038
|
|||
|
19,639
|
Essity AB, Class B (SEK)
|
512,754
|
|||
|
74,944
|
Investor AB, Class B (SEK)
|
2,340,806
|
|||
|
56,800
|
Saab AB, Class B (SEK)
|
3,466,137
|
|||
|
367,154
|
SSAB AB, Class B (SEK)
|
2,129,356
|
|||
|
1,456,466
|
Volvo Car AB, Class B
(SEK) (c) (d)
|
2,986,603
|
|||
|
|
|
14,212,694
|
|||
|
|
Switzerland — 1.1%
|
|
|||
|
52,275
|
BeOne Medicines Ltd., Class H
(HKD) (c)
|
1,378,425
|
|||
|
24,680
|
Coca-Cola HBC AG (GBP)
|
1,163,052
|
|||
|
13,474
|
Helvetia Holding AG (CHF)
|
3,295,506
|
|||
|
1,603
|
Zurich Insurance Group AG
(CHF)
|
1,140,958
|
|||
|
|
|
6,977,941
|
|||
|
|
United Kingdom — 8.7%
|
|
|||
|
35,768
|
3i Group PLC (GBP)
|
1,966,987
|
|||
|
29,804
|
Anglogold Ashanti PLC (ZAR)
|
2,094,270
|
|||
|
90,289
|
Associated British Foods PLC
(GBP)
|
2,490,522
|
|||
|
178,646
|
Babcock International
Group PLC (GBP)
|
3,195,470
|
|||
|
82,937
|
BAE Systems PLC (GBP)
|
2,296,648
|
|||
|
300,535
|
Barclays PLC (GBP)
|
1,534,303
|
|||
|
139,958
|
Beazley PLC (GBP)
|
1,707,241
|
|||
|
866,015
|
Centrica PLC (GBP)
|
1,940,395
|
|||
|
292,426
|
easyJet PLC (GBP)
|
1,824,836
|
|||
|
237,226
|
Fresnillo PLC (GBP)
|
7,529,465
|
|||
|
148,003
|
HSBC Holdings PLC (GBP)
|
2,080,064
|
|||
|
90,898
|
IG Group Holdings PLC (GBP)
|
1,316,618
|
|||
|
30,194
|
Imperial Brands PLC (GBP)
|
1,282,397
|
|||
|
2,990,645
|
Lloyds Banking Group PLC
(GBP)
|
3,371,338
|
|||
|
477,127
|
NatWest Group PLC (GBP)
|
3,347,044
|
|||
|
37,600
|
Rio Tinto PLC (GBP)
|
2,471,522
|
|||
|
172,681
|
Rolls-Royce Holdings PLC
(GBP)
|
2,763,639
|
|||
|
15,316
|
Shell PLC (GBP)
|
545,139
|
|||
|
220,642
|
St. James’s Place PLC (GBP)
|
3,768,615
|
|||
|
189,176
|
Standard Chartered PLC (GBP)
|
3,652,238
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
United Kingdom (Continued)
|
|
|||
|
1,228,296
|
Tritax Big Box REIT PLC
(GBP)
|
$2,387,046
|
|||
|
159,384
|
UNITE Group (The) PLC (GBP)
|
1,541,216
|
|||
|
1,774,204
|
Vodafone Group PLC (GBP)
|
2,055,886
|
|||
|
|
|
57,162,899
|
|||
|
|
Total Common Stocks
|
654,171,233
|
|||
|
|
(Cost $482,759,791)
|
|
|||
|
MONEY MARKET FUNDS — 0.3%
|
|||||
|
1,772,968
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (g)
|
1,772,968
|
|||
|
|
(Cost $1,772,968)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 7.4%
|
|||||
|
$9,912,625
|
Bank of America Corp.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $9,913,781.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $10,110,877. (h)
|
9,912,625
|
|||
|
14,507,351
|
JPMorgan Chase & Co.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $14,509,044.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $14,797,498. (h)
|
14,507,351
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS (Continued)
|
|||||
|
$8,697,710
|
Mizuho Financial Group, Inc.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $8,698,725.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $8,871,666. (h)
|
$8,697,710
|
|||
|
15,602,668
|
RBC Dominion Securities, Inc.,
4.19% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $15,604,484.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $15,914,722. (h)
|
15,602,668
|
|||
|
|
Total Repurchase Agreements
|
48,720,354
|
|||
|
|
(Cost $48,720,354)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 107.1%
|
704,664,555
|
|||
|
|
(Cost $533,253,113)
|
|
|||
|
|
Net Other Assets and
Liabilities — (7.1)%
|
(47,012,145
)
|
|||
|
|
Net Assets — 100.0%
|
$657,652,410
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $44,476,344 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $48,720,354.
|
|
(e)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(f)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(g)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(h)
|
This security serves as collateral for securities on loan.
|
|
Sector Allocation
|
% of Total
Investments
|
|
Industrials
|
27.1%
|
|
Financials
|
25.5
|
|
Materials
|
10.6
|
|
Consumer Discretionary
|
10.2
|
|
Repurchase Agreements
|
6.9
|
|
Energy
|
4.5
|
|
Utilities
|
4.5
|
|
Information Technology
|
3.5
|
|
Consumer Staples
|
2.8
|
|
All Other
|
4.4
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
EUR
|
28.0%
|
|
JPY
|
20.6
|
|
KRW
|
12.0
|
|
GBP
|
8.1
|
|
USD
|
7.2
|
|
HKD
|
5.8
|
|
CAD
|
5.8
|
|
AUD
|
3.4
|
|
ILS
|
2.2
|
|
SEK
|
2.0
|
|
NOK
|
1.7
|
|
DKK
|
1.2
|
|
SGD
|
1.1
|
|
CHF
|
0.6
|
|
ZAR
|
0.3
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 654,171,233
|
$ 654,171,233
|
$ —
|
$ —
|
|
Money Market
Funds
|
1,772,968
|
1,772,968
|
—
|
—
|
|
Repurchase
Agreements
|
48,720,354
|
—
|
48,720,354
|
—
|
|
Total Investments
|
$704,664,555
|
$655,944,201
|
$48,720,354
|
$—
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.6%
|
|||||
|
|
Brazil — 9.1%
|
|
|||
|
364,544
|
Centrais Eletricas Brasileiras
S.A. (BRL)
|
$3,597,323
|
|||
|
2,415,489
|
Cia Energetica de Minas Gerais
(Preference Shares) (BRL)
|
5,060,398
|
|||
|
476,137
|
Cia Paranaense de Energia -
Copel, Class B (Preference
Shares) (BRL)
|
1,152,265
|
|||
|
376,926
|
Embraer S.A. (BRL)
|
5,686,202
|
|||
|
1,531,701
|
Gerdau S.A. (Preference Shares)
(BRL)
|
4,780,225
|
|||
|
2,098,025
|
Itausa S.A. (Preference Shares)
(BRL)
|
4,521,461
|
|||
|
133,385
|
Petroleo Brasileiro S.A. -
Petrobras (Preference Shares)
(BRL)
|
788,443
|
|||
|
371,744
|
Porto Seguro S.A. (BRL)
|
3,482,579
|
|||
|
622,686
|
PRIO S.A. (BRL) (c)
|
4,461,087
|
|||
|
596,810
|
Telefonica Brasil S.A. (BRL)
|
3,820,436
|
|||
|
550,718
|
TIM S.A. (BRL)
|
2,431,655
|
|||
|
262,253
|
Vale S.A. (BRL)
|
2,837,245
|
|||
|
|
|
42,619,319
|
|||
|
|
Cayman Islands — 17.0%
|
|
|||
|
714,511
|
AAC Technologies Holdings,
Inc. (HKD)
|
4,199,684
|
|||
|
212,049
|
Alibaba Group Holding Ltd.
(HKD)
|
4,823,042
|
|||
|
149,689
|
Baidu, Inc., Class A (HKD) (c)
|
2,562,157
|
|||
|
2,103,905
|
China Hongqiao Group Ltd.
(HKD)
|
7,142,833
|
|||
|
386,647
|
Giant Biogene Holding Co., Ltd.
(HKD) (d) (e)
|
2,807,208
|
|||
|
327,659
|
Haitian International Holdings
Ltd. (HKD)
|
902,731
|
|||
|
1,608,206
|
JD Logistics, Inc.
(HKD) (c) (d) (e)
|
2,707,226
|
|||
|
167,503
|
JD.com, Inc., Class A (HKD)
|
2,981,151
|
|||
|
1,022,771
|
Kingdee International Software
Group Co., Ltd. (HKD) (c)
|
2,302,630
|
|||
|
536,493
|
Kingsoft Corp., Ltd. (HKD)
|
2,386,727
|
|||
|
423,087
|
Li Ning Co., Ltd. (HKD)
|
959,047
|
|||
|
1,372,864
|
Longfor Group Holdings Ltd.
(HKD) (d) (e)
|
2,095,827
|
|||
|
215,087
|
Pop Mart International Group
Ltd. (HKD) (d) (e)
|
7,374,143
|
|||
|
283,050
|
Sunny Optical Technology
Group Co., Ltd. (HKD)
|
3,289,904
|
|||
|
1,590,275
|
Tingyi Cayman Islands Holding
Corp. (HKD)
|
2,129,372
|
|||
|
2,256,811
|
Uni-President China Holdings
Ltd. (HKD)
|
2,383,848
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Cayman Islands (Continued)
|
|
|||
|
995,706
|
Wuxi Biologics Cayman, Inc.
(HKD) (c) (d) (e)
|
$5,243,420
|
|||
|
606,812
|
WuXi XDC Cayman, Inc.
(HKD) (c)
|
6,105,588
|
|||
|
684,335
|
Xiaomi Corp., Class B
(HKD) (c) (d) (e)
|
4,748,693
|
|||
|
427,171
|
XPeng, Inc., Class A (HKD) (c)
|
5,113,240
|
|||
|
944,984
|
Zai Lab Ltd. (HKD) (c) (f)
|
3,239,827
|
|||
|
1,968,799
|
Zhongsheng Group Holdings
Ltd. (HKD)
|
3,688,676
|
|||
|
|
|
79,186,974
|
|||
|
|
Chile — 4.0%
|
|
|||
|
1,136,436
|
Cencosud S.A. (CLP)
|
3,232,843
|
|||
|
2,112,350
|
Empresas CMPC S.A. (CLP)
|
3,114,378
|
|||
|
503,094
|
Empresas Copec S.A. (CLP)
|
3,683,868
|
|||
|
835,444
|
Falabella S.A. (CLP)
|
4,953,071
|
|||
|
166,092,083
|
Latam Airlines Group S.A.
(CLP)
|
3,774,702
|
|||
|
|
|
18,758,862
|
|||
|
|
China — 25.3%
|
|
|||
|
2,877,408
|
Agricultural Bank of China Ltd.,
Class H (HKD)
|
1,941,209
|
|||
|
2,764,139
|
Aluminum Corp. of China Ltd.,
Class H (HKD)
|
2,866,454
|
|||
|
611,929
|
Anhui Conch Cement Co., Ltd.,
Class H (HKD)
|
1,847,908
|
|||
|
5,742,564
|
Bank of China Ltd., Class H
(HKD)
|
3,143,598
|
|||
|
967,643
|
Bank of Communications Co.,
Ltd., Class H (HKD)
|
811,970
|
|||
|
257,126
|
BYD Co., Ltd., Class H (HKD)
|
3,641,155
|
|||
|
1,105,444
|
China CITIC Bank Corp., Ltd.,
Class H (HKD)
|
950,330
|
|||
|
3,395,926
|
China Coal Energy Co., Ltd.,
Class H (HKD)
|
4,054,016
|
|||
|
1,957,310
|
China Construction Bank Corp.,
Class H (HKD)
|
1,881,364
|
|||
|
5,344,479
|
China Eastern Airlines Corp.,
Ltd., Class H (HKD) (c) (f)
|
2,286,974
|
|||
|
19,997,996
|
China Energy Engineering
Corp., Ltd., Class H (HKD) (f)
|
3,058,053
|
|||
|
4,248,300
|
China Everbright Bank Co., Ltd.,
Class H (HKD)
|
1,768,772
|
|||
|
1,923,554
|
China Minsheng Banking Corp.,
Ltd., Class H (HKD)
|
1,015,916
|
|||
|
2,100,660
|
China Oilfield Services Ltd.,
Class H (HKD)
|
1,803,200
|
|||
|
4,927,427
|
China Petroleum & Chemical
Corp., Class H (HKD)
|
2,564,406
|
|||
|
5,888,963
|
China Railway Group Ltd.,
Class H (HKD)
|
2,974,013
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
China (Continued)
|
|
|||
|
28,053,505
|
China Reinsurance Group Corp.,
Class H (HKD)
|
$5,587,665
|
|||
|
2,574,565
|
China Tower Corp., Ltd.,
Class H (HKD) (d) (e)
|
3,798,021
|
|||
|
5,239,368
|
China Zheshang Bank Co., Ltd.,
Class H (HKD)
|
1,737,041
|
|||
|
2,550,770
|
Chongqing Rural Commercial
Bank Co., Ltd., Class H
(HKD)
|
1,969,960
|
|||
|
2,137,402
|
COSCO SHIPPING Energy
Transportation Co., Ltd.,
Class H (HKD) (f)
|
2,477,447
|
|||
|
1,650,247
|
COSCO SHIPPING Holdings
Co., Ltd., Class H (HKD)
|
2,568,057
|
|||
|
4,129,846
|
Datang International Power
Generation Co., Ltd., Class H
(HKD)
|
1,188,758
|
|||
|
7,102,172
|
Dongfeng Motor Group Co.,
Ltd., Class H (HKD) (c)
|
8,213,821
|
|||
|
2,096,576
|
Guangzhou Automobile Group
Co., Ltd., Class H (HKD) (f)
|
916,012
|
|||
|
1,490,252
|
Huadian Power International
Corp., Ltd., Class H (HKD)
|
802,390
|
|||
|
1,605,949
|
Inner Mongolia Yitai Coal Co.,
Ltd., Class B (c) (g)
|
3,076,998
|
|||
|
728,790
|
Jiangsu Expressway Co., Ltd.,
Class H (HKD)
|
844,735
|
|||
|
985,681
|
Jiangxi Copper Co., Ltd.,
Class H (HKD)
|
3,863,205
|
|||
|
5,024,786
|
People’s Insurance Co. Group of
China (The) Ltd., Class H
(HKD)
|
4,397,200
|
|||
|
5,352,387
|
PetroChina Co., Ltd., Class H
(HKD)
|
4,869,589
|
|||
|
1,872,003
|
PICC Property & Casualty Co.,
Ltd., Class H (HKD)
|
4,224,182
|
|||
|
1,455,802
|
Shandong Gold Mining Co.,
Ltd., Class H (HKD) (d) (e) (f)
|
6,910,521
|
|||
|
270,504
|
Shanghai Fudan
Microelectronics Group Co.,
Ltd., Class H (HKD)
|
1,582,295
|
|||
|
1,119,609
|
Sinopharm Group Co., Ltd.,
Class H (HKD)
|
2,638,623
|
|||
|
7,182,144
|
Sinotrans Ltd., Class H (HKD)
|
4,494,637
|
|||
|
411,347
|
Weichai Power Co., Ltd.,
Class H (HKD)
|
737,385
|
|||
|
869,660
|
Zhaojin Mining Industry Co.,
Ltd., Class H (HKD)
|
3,493,414
|
|||
|
4,248,230
|
Zhejiang Expressway Co., Ltd.,
Class H (HKD)
|
3,925,080
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
China (Continued)
|
|
|||
|
669,903
|
Zhejiang Leapmotor Technology
Co., Ltd., Class H
(HKD) (c) (d) (e)
|
$5,711,687
|
|||
|
209,048
|
Zhuzhou CRRC Times Electric
Co., Ltd., Class H (HKD)
|
1,149,744
|
|||
|
|
|
117,787,805
|
|||
|
|
Colombia — 0.7%
|
|
|||
|
87,321
|
Grupo Cibest S.A. (Preference
Shares) (COP)
|
1,137,267
|
|||
|
379,907
|
Interconexion Electrica S.A. ESP
(COP)
|
2,263,670
|
|||
|
|
|
3,400,937
|
|||
|
|
Hong Kong — 1.2%
|
|
|||
|
668,068
|
BYD Electronic International
Co., Ltd. (HKD)
|
3,548,973
|
|||
|
1,284,092
|
Lenovo Group Ltd. (HKD)
|
1,905,854
|
|||
|
|
|
5,454,827
|
|||
|
|
Hungary — 3.4%
|
|
|||
|
992,913
|
Magyar Telekom
Telecommunications PLC
(HUF)
|
5,302,574
|
|||
|
571,233
|
MOL Hungarian Oil & Gas PLC
(HUF)
|
4,639,564
|
|||
|
25,832
|
OTP Bank Nyrt (HUF)
|
2,231,057
|
|||
|
125,885
|
Richter Gedeon Nyrt (HUF)
|
3,831,308
|
|||
|
|
|
16,004,503
|
|||
|
|
India — 2.4%
|
|
|||
|
82,799
|
Bajaj Finance Ltd. (INR)
|
931,514
|
|||
|
36,848
|
Bajaj Finserv Ltd. (INR)
|
832,671
|
|||
|
1,062,463
|
Bharat Petroleum Corp., Ltd.
(INR)
|
4,064,316
|
|||
|
81,042
|
BSE Ltd. (INR)
|
1,862,194
|
|||
|
831,079
|
Canara Bank (INR)
|
1,157,948
|
|||
|
34,067
|
Kotak Mahindra Bank Ltd.
(INR)
|
764,571
|
|||
|
219,337
|
Tata Motors Ltd. (INR)
|
1,680,315
|
|||
|
|
|
11,293,529
|
|||
|
|
Indonesia — 2.8%
|
|
|||
|
14,562,833
|
Astra International Tbk PT
(IDR)
|
5,046,526
|
|||
|
17,837,960
|
Telkom Indonesia Persero Tbk
PT (IDR)
|
3,275,377
|
|||
|
3,042,426
|
United Tractors Tbk PT (IDR)
|
4,888,146
|
|||
|
|
|
13,210,049
|
|||
|
|
Malaysia — 0.3%
|
|
|||
|
1,153,200
|
YTL Power International Bhd
(MYR)
|
1,153,611
|
|||
|
|
Mexico — 7.5%
|
|
|||
|
248,212
|
Arca Continental S.A.B. de C.V.
(MXN)
|
2,602,543
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Mexico (Continued)
|
|
|||
|
6,131,298
|
Cemex S.A.B. de C.V.,
Series CPO (MXN)
|
$5,490,665
|
|||
|
473,220
|
Coca-Cola Femsa S.A.B. de
C.V. (MXN)
|
3,926,381
|
|||
|
916,363
|
El Puerto de Liverpool S.A.B. de
C.V., Series C1 (MXN)
|
4,625,973
|
|||
|
233,133
|
Industrias Penoles S.A.B. de
C.V. (MXN) (c)
|
10,419,601
|
|||
|
1,351,873
|
Prologis Property Mexico S.A.
de C.V. (MXN)
|
5,534,902
|
|||
|
171,302
|
Promotora y Operadora de
Infraestructura S.A.B. de C.V.
(MXN)
|
2,336,970
|
|||
|
|
|
34,937,035
|
|||
|
|
Morocco — 0.4%
|
|
|||
|
24,045
|
Attijariwafa Bank (MAD)
|
1,969,136
|
|||
|
|
Netherlands — 1.6%
|
|
|||
|
301,422
|
JBS N.V., BDR (BRL) (c)
|
4,507,525
|
|||
|
360,307
|
NEPI Rockcastle N.V. (ZAR)
|
2,885,168
|
|||
|
|
|
7,392,693
|
|||
|
|
Philippines — 0.8%
|
|
|||
|
167,580
|
Ayala Corp. (PHP)
|
1,390,165
|
|||
|
270,120
|
Manila Electric Co. (PHP)
|
2,459,856
|
|||
|
|
|
3,850,021
|
|||
|
|
Poland — 3.4%
|
|
|||
|
237,336
|
Bank Millennium S.A. (PLN) (c)
|
942,906
|
|||
|
57,366
|
CCC S.A. (PLN) (c) (f)
|
2,867,787
|
|||
|
223,037
|
Dino Polska S.A.
(PLN) (c) (d) (e)
|
2,684,679
|
|||
|
190
|
LPP S.A. (PLN)
|
924,216
|
|||
|
197,234
|
ORLEN S.A. (PLN)
|
4,695,001
|
|||
|
44,627
|
Powszechna Kasa Oszczednosci
Bank Polski S.A. (PLN)
|
865,368
|
|||
|
179,782
|
Powszechny Zaklad
Ubezpieczen S.A. (PLN)
|
2,688,828
|
|||
|
|
|
15,668,785
|
|||
|
|
Russia — 0.0%
|
|
|||
|
76,383,797
|
Inter RAO UES PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
11,679
|
Magnit PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
4,142,443
|
Magnitogorsk Iron & Steel
Works PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
262,800,255
|
RusHydro PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
403,137
|
Tatneft PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
|
|
0
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
South Africa — 3.8%
|
|
|||
|
117,774
|
Gold Fields Ltd. (ZAR)
|
$4,972,081
|
|||
|
298,622
|
Harmony Gold Mining Co., Ltd.
(ZAR)
|
5,444,362
|
|||
|
252,794
|
Impala Platinum Holdings Ltd.
(ZAR)
|
3,228,357
|
|||
|
129,156
|
MTN Group Ltd. (ZAR)
|
1,084,402
|
|||
|
456,699
|
OUTsurance Group Ltd. (ZAR)
|
1,896,081
|
|||
|
66,480
|
Standard Bank Group Ltd.
(ZAR)
|
909,971
|
|||
|
|
|
17,535,254
|
|||
|
|
Taiwan — 6.3%
|
|
|||
|
141,541
|
Asustek Computer, Inc. (TWD)
|
3,116,150
|
|||
|
137,149
|
Catcher Technology Co., Ltd.
(TWD)
|
821,238
|
|||
|
2,554,020
|
China Airlines Ltd. (TWD)
|
1,747,205
|
|||
|
1,456,665
|
CTBC Financial Holding Co.,
Ltd. (TWD)
|
2,050,362
|
|||
|
2,125,726
|
Eva Airways Corp. (TWD)
|
2,657,332
|
|||
|
651,536
|
Evergreen Marine Corp. Taiwan
Ltd. (TWD)
|
3,826,529
|
|||
|
1,746,670
|
Far Eastern New Century Corp.
(TWD)
|
1,593,196
|
|||
|
1,692,131
|
KGI Financial Holding Co., Ltd.
(TWD)
|
830,020
|
|||
|
17,414
|
King Slide Works Co., Ltd.
(TWD)
|
1,879,784
|
|||
|
1,930,530
|
United Microelectronics Corp.
(TWD)
|
2,885,217
|
|||
|
1,837,131
|
Wan Hai Lines Ltd. (TWD)
|
4,478,602
|
|||
|
1,930,963
|
Yang Ming Marine Transport
Corp. (TWD)
|
3,357,866
|
|||
|
|
|
29,243,501
|
|||
|
|
Thailand — 3.7%
|
|
|||
|
199,000
|
Bangkok Bank PCL (THB)
|
915,013
|
|||
|
3,700,600
|
Charoen Pokphand Foods PCL
(THB)
|
2,546,625
|
|||
|
3,654,500
|
Krung Thai Bank PCL (THB)
|
2,796,840
|
|||
|
1,260,000
|
PTT Exploration & Production
PCL (THB)
|
4,490,974
|
|||
|
3,669,700
|
PTT PCL (THB)
|
3,765,392
|
|||
|
188,200
|
Siam Cement (The) PCL (THB)
|
1,335,781
|
|||
|
5,018,500
|
True Corp. PCL (THB) (c)
|
1,610,628
|
|||
|
|
|
17,461,253
|
|||
|
|
Turkey — 5.9%
|
|
|||
|
1,369,890
|
Aselsan Elektronik Sanayi Ve
Ticaret A/S (TRY)
|
7,083,834
|
|||
|
2,064,413
|
Enka Insaat ve Sanayi A/S
(TRY)
|
3,495,533
|
|||
|
4,376,106
|
Eregli Demir ve Celik
Fabrikalari T.A.S. (TRY) (f)
|
3,094,421
|
|||
|
930,594
|
Ford Otomotiv Sanayi A/S
(TRY) (f)
|
2,216,966
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Turkey (Continued)
|
|
|||
|
528,134
|
Turk Hava Yollari AO (TRY)
|
$4,001,280
|
|||
|
1,371,606
|
Turkcell Iletisim Hizmetleri A/S
(TRY)
|
3,228,007
|
|||
|
6,855,169
|
Turkiye Vakiflar Bankasi TAO,
Class D (TRY) (c)
|
4,220,874
|
|||
|
|
|
27,340,915
|
|||
|
|
Total Common Stocks
|
464,269,009
|
|||
|
|
(Cost $375,019,266)
|
|
|||
|
WARRANTS (a) (b) — 0.0%
|
|||||
|
|
Malaysia — 0.0%
|
|
|||
|
227,020
|
YTL Power International Bhd,
expiring 06/02/28 (MYR)
(c) (g) (h)
|
94,940
|
|||
|
|
(Cost $0)
|
|
|||
|
MONEY MARKET FUNDS — 0.0%
|
|||||
|
89,307
|
Dreyfus Government Cash
Management Fund,
Institutional Shares - 4.04% (j)
|
89,307
|
|||
|
|
(Cost $89,307)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 1.7%
|
|||||
|
$1,628,983
|
Bank of America Corp.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $1,629,173.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $1,661,563. (k)
|
1,628,983
|
|||
|
2,384,051
|
JPMorgan Chase & Co.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $2,384,329.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $2,431,732. (k)
|
2,384,051
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
|
|||||
|
$1,429,333
|
Mizuho Financial Group, Inc.,
4.20% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $1,429,500.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $1,457,920. (k)
|
$1,429,333
|
|||
|
2,564,050
|
RBC Dominion Securities, Inc.,
4.19% (j), dated 09/30/25, due
10/01/25, with a maturity
value of $2,564,348.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $2,615,331. (k)
|
2,564,050
|
|||
|
|
Total Repurchase Agreements
|
8,006,417
|
|||
|
|
(Cost $8,006,417)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 101.3%
|
472,459,673
|
|||
|
|
(Cost $383,114,990)
|
|
|||
|
|
Net Other Assets and
Liabilities — (1.3)%
|
(6,090,540
)
|
|||
|
|
Net Assets — 100.0%
|
$466,369,133
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(e)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(f)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $4,698,003 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $8,006,417.
|
|
(g)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(h)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At September 30, 2025, securities
noted as such are valued at $94,940 or 0.0% of net assets.
|
|
(i)
|
This security’s value was determined using significant
unobservable inputs (see Valuation Inputs in the Additional
Information section).
|
|
(j)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(k)
|
This security serves as collateral for securities on loan.
|
|
Sector Allocation
|
% of Total
Investments
|
|
Industrials
|
16.1%
|
|
Materials
|
15.0
|
|
Financials
|
14.1
|
|
Consumer Discretionary
|
13.6
|
|
Energy
|
10.7
|
|
Information Technology
|
6.4
|
|
Communication Services
|
6.2
|
|
Consumer Staples
|
5.7
|
|
Health Care
|
4.5
|
|
All Other
|
7.7
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
HKD
|
42.2%
|
|
BRL
|
10.0
|
|
MXN
|
7.4
|
|
TWD
|
6.2
|
|
TRY
|
5.8
|
|
ZAR
|
4.3
|
|
CLP
|
4.0
|
|
THB
|
3.7
|
|
HUF
|
3.4
|
|
PLN
|
3.3
|
|
IDR
|
2.8
|
|
INR
|
2.4
|
|
USD
|
2.3
|
|
PHP
|
0.8
|
|
COP
|
0.7
|
|
MAD
|
0.4
|
|
MYR
|
0.3
|
|
RUB
|
0.0‡
|
|
Total
|
100.0%
|
|
‡
|
Investments are valued at $0.
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
**
|
Investments are valued at $0.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 99.9%
|
|||||
|
|
Aerospace & Defense — 11.1%
|
|
|||
|
25,051
|
Hensoldt AG (EUR)
|
$3,244,057
|
|||
|
3,881
|
MTU Aero Engines AG (EUR)
|
1,781,136
|
|||
|
1,358
|
Rheinmetall AG (EUR)
|
3,164,017
|
|||
|
|
|
8,189,210
|
|||
|
|
Air Freight & Logistics —
2.3%
|
|
|||
|
37,337
|
DHL Group (EUR)
|
1,663,124
|
|||
|
|
Automobile Components —
3.1%
|
|
|||
|
34,123
|
Continental AG (EUR)
|
2,248,292
|
|||
|
|
Automobiles — 14.9%
|
|
|||
|
32,335
|
Bayerische Motoren Werke AG
(EUR)
|
3,243,560
|
|||
|
46,543
|
Dr. Ing hc F Porsche AG
(Preference Shares)
(EUR) (b) (c)
|
2,255,703
|
|||
|
49,105
|
Mercedes-Benz Group AG
(EUR)
|
3,082,647
|
|||
|
21,781
|
Volkswagen AG (Preference
Shares) (EUR)
|
2,351,606
|
|||
|
|
|
10,933,516
|
|||
|
|
Banks — 3.7%
|
|
|||
|
72,890
|
Commerzbank AG (EUR)
|
2,746,158
|
|||
|
|
Capital Markets — 2.8%
|
|
|||
|
58,165
|
Deutsche Bank AG (EUR)
|
2,045,250
|
|||
|
|
Chemicals — 2.0%
|
|
|||
|
55,772
|
Evonik Industries AG (EUR)
|
967,129
|
|||
|
10,427
|
FUCHS SE (Preference Shares)
(EUR)
|
466,170
|
|||
|
|
|
1,433,299
|
|||
|
|
Construction & Engineering
— 4.2%
|
|
|||
|
11,668
|
HOCHTIEF AG (EUR)
|
3,120,599
|
|||
|
|
Construction Materials —
1.5%
|
|
|||
|
4,893
|
Heidelberg Materials AG (EUR)
|
1,100,386
|
|||
|
|
Diversified Telecommunication
Services — 4.9%
|
|
|||
|
47,272
|
Deutsche Telekom AG (EUR)
|
1,610,051
|
|||
|
61,929
|
United Internet AG (EUR)
|
1,952,935
|
|||
|
|
|
3,562,986
|
|||
|
|
Electrical Equipment — 7.0%
|
|
|||
|
87,040
|
Nordex SE (EUR) (d)
|
2,227,734
|
|||
|
24,883
|
Siemens Energy AG (EUR) (d)
|
2,904,453
|
|||
|
|
|
5,132,187
|
|||
|
|
Health Care Providers &
Services — 0.7%
|
|
|||
|
10,040
|
Fresenius Medical Care AG
(EUR)
|
526,430
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Independent Power and
Renewable Electricity
Producers — 4.2%
|
|
|||
|
68,868
|
RWE AG (EUR)
|
$3,057,925
|
|||
|
|
Industrial Conglomerates —
0.8%
|
|
|||
|
2,242
|
Siemens AG (EUR)
|
603,307
|
|||
|
|
Insurance — 4.0%
|
|
|||
|
1,418
|
Allianz SE (EUR)
|
595,002
|
|||
|
17,762
|
Talanx AG (EUR)
|
2,360,621
|
|||
|
|
|
2,955,623
|
|||
|
|
Interactive Media & Services
— 1.4%
|
|
|||
|
8,335
|
Scout24 SE (EUR) (b) (c)
|
1,043,159
|
|||
|
|
IT Services — 0.8%
|
|
|||
|
12,277
|
Bechtle AG (EUR)
|
565,600
|
|||
|
|
Machinery — 10.4%
|
|
|||
|
24,297
|
Daimler Truck Holding AG
(EUR)
|
998,980
|
|||
|
36,637
|
Jungheinrich AG (Preference
Shares) (EUR)
|
1,271,488
|
|||
|
20,661
|
KION Group AG (EUR)
|
1,393,571
|
|||
|
6,971
|
Krones AG (EUR)
|
1,014,856
|
|||
|
28,765
|
RENK Group AG (EUR)
|
2,958,734
|
|||
|
|
|
7,637,629
|
|||
|
|
Metals & Mining — 6.7%
|
|
|||
|
27,633
|
Aurubis AG (EUR)
|
3,445,406
|
|||
|
106,995
|
thyssenkrupp AG (EUR)
|
1,466,588
|
|||
|
|
|
4,911,994
|
|||
|
|
Multi-Utilities — 1.6%
|
|
|||
|
62,464
|
E.ON SE (EUR)
|
1,174,477
|
|||
|
|
Passenger Airlines — 3.1%
|
|
|||
|
271,867
|
Deutsche Lufthansa AG (EUR)
|
2,300,695
|
|||
|
|
Pharmaceuticals — 2.3%
|
|
|||
|
13,309
|
Merck KGaA (EUR)
|
1,710,209
|
|||
|
|
Software — 0.7%
|
|
|||
|
3,971
|
Nemetschek SE (EUR)
|
516,568
|
|||
|
|
Specialty Retail — 4.1%
|
|
|||
|
89,182
|
Auto1 Group SE (EUR) (d)
|
3,036,429
|
|||
|
|
Trading Companies &
Distributors — 0.7%
|
|
|||
|
8,691
|
Brenntag SE (EUR)
|
519,368
|
|||
|
|
Transportation Infrastructure
— 0.9%
|
|
|||
|
7,636
|
Fraport AG Frankfurt Airport
Services Worldwide
(EUR) (d)
|
659,381
|
|||
|
|
Total Common Stocks
|
73,393,801
|
|||
|
|
(Cost $67,131,507)
|
|
|||
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.0%
|
|||||
|
36,504
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (e)
|
$36,504
|
|||
|
|
(Cost $36,504)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 0.0%
|
|||||
|
$257
|
Bank of America Corp.,
4.20% (e), dated 09/30/25, due
10/01/25, with a maturity
value of $257. Collateralized
by U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $262. (f)
|
257
|
|||
|
375
|
JPMorgan Chase & Co.,
4.20% (e), dated 09/30/25, due
10/01/25, with a maturity
value of $375. Collateralized
by U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $383. (f)
|
375
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
|
|||||
|
$227
|
Mizuho Financial Group, Inc.,
4.20% (e), dated 09/30/25, due
10/01/25, with a maturity
value of $227. Collateralized
by U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $232. (f)
|
$227
|
|||
|
403
|
RBC Dominion Securities, Inc.,
4.19% (e), dated 09/30/25, due
10/01/25, with a maturity
value of $403. Collateralized
by U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $411. (f)
|
403
|
|||
|
|
Total Repurchase Agreements
|
1,262
|
|||
|
|
(Cost $1,262)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.9%
|
73,431,567
|
|||
|
|
(Cost $67,169,273)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.1%
|
43,417
|
|||
|
|
Net Assets — 100.0%
|
$73,474,984
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(c)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(d)
|
Non-income producing security.
|
|
(e)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(f)
|
This security serves as collateral for securities on loan.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
EUR
|
– Euro
|
|
USD
|
– United States Dollar
|
|
Country Allocation†
|
% of Net
Assets
|
|
Germany
|
99.9%
|
|
United States
|
0.0††
|
|
Canada
|
0.0††
|
|
Japan
|
0.0††
|
|
Total Investments
|
99.9
|
|
Net Other Assets and Liabilities
|
0.1
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
††
|
Amount is less than 0.1%.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
EUR
|
99.9%
|
|
USD
|
0.1
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 73,393,801
|
$ 73,393,801
|
$ —
|
$ —
|
|
Money Market Funds
|
36,504
|
36,504
|
—
|
—
|
|
Repurchase Agreements
|
1,262
|
—
|
1,262
|
—
|
|
Total Investments
|
$73,431,567
|
$73,430,305
|
$1,262
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 99.7%
|
|||||
|
|
Aerospace & Defense — 6.4%
|
|
|||
|
98,711
|
Babcock International
Group PLC (GBP)
|
$1,765,660
|
|||
|
48,056
|
BAE Systems PLC (GBP)
|
1,330,742
|
|||
|
93,693
|
Rolls-Royce Holdings PLC
(GBP)
|
1,499,491
|
|||
|
|
|
4,595,893
|
|||
|
|
Banks — 9.3%
|
|
|||
|
269,994
|
Barclays PLC (GBP)
|
1,378,384
|
|||
|
25,703
|
HSBC Holdings PLC (GBP)
|
361,235
|
|||
|
16,007
|
Lion Finance Group PLC (GBP)
|
1,646,877
|
|||
|
590,987
|
Lloyds Banking Group PLC
(GBP)
|
666,217
|
|||
|
177,273
|
NatWest Group PLC (GBP)
|
1,243,569
|
|||
|
75,110
|
Standard Chartered PLC (GBP)
|
1,450,076
|
|||
|
|
|
6,746,358
|
|||
|
|
Beverages — 1.2%
|
|
|||
|
17,874
|
Coca-Cola HBC AG (GBP)
|
842,317
|
|||
|
|
Broadline Retail — 1.3%
|
|
|||
|
5,423
|
Next PLC (GBP)
|
902,557
|
|||
|
|
Capital Markets — 8.3%
|
|
|||
|
27,540
|
3i Group PLC (GBP)
|
1,514,506
|
|||
|
363,210
|
Aberdeen Group PLC (GBP)
|
964,750
|
|||
|
85,204
|
IG Group Holdings PLC (GBP)
|
1,234,143
|
|||
|
122,377
|
Ninety One PLC (GBP)
|
335,424
|
|||
|
62,712
|
Schroders PLC (GBP)
|
317,123
|
|||
|
95,710
|
St. James’s Place PLC (GBP)
|
1,634,748
|
|||
|
|
|
6,000,694
|
|||
|
|
Consumer Staples Distribution
& Retail — 3.3%
|
|
|||
|
234,621
|
J Sainsbury PLC (GBP)
|
1,053,909
|
|||
|
225,720
|
Tesco PLC (GBP)
|
1,352,408
|
|||
|
|
|
2,406,317
|
|||
|
|
Containers & Packaging —
0.4%
|
|
|||
|
7,291
|
Smurfit WestRock PLC (GBP)
|
305,544
|
|||
|
|
Diversified Consumer Services
— 1.7%
|
|
|||
|
84,607
|
Pearson PLC (GBP)
|
1,202,169
|
|||
|
|
Diversified REITs — 2.3%
|
|
|||
|
180,640
|
British Land (The) Co., PLC
(GBP)
|
845,926
|
|||
|
107,755
|
Land Securities Group PLC
(GBP)
|
843,433
|
|||
|
|
|
1,689,359
|
|||
|
|
Diversified Telecommunication
Services — 1.2%
|
|
|||
|
350,932
|
BT Group PLC (GBP)
|
902,167
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Electric Utilities — 0.4%
|
|
|||
|
12,379
|
SSE PLC (GBP)
|
$289,934
|
|||
|
|
Electronic Equipment,
Instruments & Components
— 0.9%
|
|
|||
|
13,929
|
Halma PLC (GBP)
|
646,292
|
|||
|
|
Financial Services — 2.5%
|
|
|||
|
440,940
|
M&G PLC (GBP)
|
1,500,341
|
|||
|
21,792
|
Wise PLC, Class A (GBP) (b)
|
303,338
|
|||
|
|
|
1,803,679
|
|||
|
|
Food Products — 2.1%
|
|
|||
|
54,873
|
Associated British Foods PLC
(GBP)
|
1,513,611
|
|||
|
|
Health Care Equipment &
Supplies — 0.3%
|
|
|||
|
75,785
|
Convatec Group PLC
(GBP) (c) (d)
|
235,850
|
|||
|
|
Hotels, Restaurants & Leisure
— 4.4%
|
|
|||
|
37,175
|
Carnival PLC (GBP) (b)
|
988,684
|
|||
|
125,772
|
Entain PLC (GBP)
|
1,478,039
|
|||
|
15,977
|
Whitbread PLC (GBP)
|
691,896
|
|||
|
|
|
3,158,619
|
|||
|
|
Household Durables — 1.7%
|
|
|||
|
23,392
|
Berkeley Group Holdings PLC
(GBP)
|
1,206,801
|
|||
|
|
Industrial Conglomerates —
1.8%
|
|
|||
|
4,794
|
DCC PLC (GBP)
|
307,672
|
|||
|
30,273
|
Smiths Group PLC (GBP)
|
957,597
|
|||
|
|
|
1,265,269
|
|||
|
|
Industrial REITs — 3.2%
|
|
|||
|
219,355
|
LondonMetric Property PLC
(GBP)
|
536,624
|
|||
|
32,161
|
Segro PLC (GBP)
|
283,482
|
|||
|
767,762
|
Tritax Big Box REIT PLC
(GBP)
|
1,492,053
|
|||
|
|
|
2,312,159
|
|||
|
|
Insurance — 7.5%
|
|
|||
|
27,724
|
Admiral Group PLC (GBP)
|
1,249,826
|
|||
|
110,526
|
Aviva PLC (GBP)
|
1,019,417
|
|||
|
96,960
|
Beazley PLC (GBP)
|
1,182,741
|
|||
|
54,178
|
Hiscox Ltd. (GBP)
|
997,508
|
|||
|
69,221
|
Phoenix Group Holdings PLC
(GBP)
|
599,068
|
|||
|
24,835
|
Prudential PLC (GBP)
|
347,700
|
|||
|
|
|
5,396,260
|
|||
|
|
Interactive Media & Services
— 0.8%
|
|
|||
|
57,688
|
Rightmove PLC (GBP)
|
549,764
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (Continued)
|
|||||
|
|
Leisure Products — 1.1%
|
|
|||
|
4,205
|
Games Workshop Group PLC
(GBP)
|
$821,715
|
|||
|
|
Machinery — 0.5%
|
|
|||
|
10,824
|
IMI PLC (GBP)
|
332,777
|
|||
|
|
Media — 2.6%
|
|
|||
|
1,374,428
|
ITV PLC (GBP)
|
1,477,850
|
|||
|
87,902
|
WPP PLC (GBP)
|
434,811
|
|||
|
|
|
1,912,661
|
|||
|
|
Metals & Mining — 10.7%
|
|
|||
|
20,674
|
Anglogold Ashanti PLC (ZAR)
|
1,452,723
|
|||
|
40,689
|
Endeavour Mining PLC (GBP)
|
1,696,401
|
|||
|
153,120
|
Evraz PLC (GBP) (b) (e) (f) (g)
|
0
|
|||
|
78,695
|
Fresnillo PLC (GBP)
|
2,497,750
|
|||
|
79,917
|
Glencore PLC (GBP)
|
367,153
|
|||
|
26,696
|
Rio Tinto PLC (GBP)
|
1,754,780
|
|||
|
|
|
7,768,807
|
|||
|
|
Multi-Utilities — 2.2%
|
|
|||
|
562,847
|
Centrica PLC (GBP)
|
1,261,116
|
|||
|
21,353
|
National Grid PLC (GBP)
|
306,561
|
|||
|
|
|
1,567,677
|
|||
|
|
Oil, Gas & Consumable Fuels
— 3.6%
|
|
|||
|
125,059
|
BP PLC (GBP)
|
716,077
|
|||
|
231,387
|
Harbour Energy PLC (GBP)
|
645,413
|
|||
|
35,502
|
Shell PLC (GBP)
|
1,263,614
|
|||
|
|
|
2,625,104
|
|||
|
|
Paper & Forest Products —
0.7%
|
|
|||
|
38,107
|
Mondi PLC (GBP)
|
524,801
|
|||
|
|
Passenger Airlines — 5.5%
|
|
|||
|
170,736
|
easyJet PLC (GBP)
|
1,065,449
|
|||
|
332,279
|
International Consolidated
Airlines Group S.A. (GBP)
|
1,725,411
|
|||
|
61,420
|
JET2 PLC (GBP)
|
1,168,017
|
|||
|
|
|
3,958,877
|
|||
|
|
Pharmaceuticals — 0.7%
|
|
|||
|
22,801
|
Hikma Pharmaceuticals PLC
(GBP)
|
520,693
|
|||
|
|
Residential REITs — 1.8%
|
|
|||
|
133,713
|
UNITE Group (The) PLC (GBP)
|
1,292,982
|
|||
|
|
Specialty Retail — 3.6%
|
|
|||
|
1,277,008
|
JD Sports Fashion PLC (GBP)
|
1,636,727
|
|||
|
233,814
|
Kingfisher PLC (GBP)
|
970,727
|
|||
|
|
|
2,607,454
|
|||
|
|
Textiles, Apparel & Luxury
Goods — 0.8%
|
|
|||
|
38,349
|
Burberry Group PLC (GBP) (b)
|
602,402
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Tobacco — 0.9%
|
|
|||
|
15,755
|
Imperial Brands PLC (GBP)
|
$669,145
|
|||
|
|
Trading Companies &
Distributors — 2.2%
|
|
|||
|
9,800
|
Ashtead Group PLC (GBP)
|
654,388
|
|||
|
9,640
|
Bunzl PLC (GBP)
|
304,155
|
|||
|
9,283
|
Diploma PLC (GBP)
|
662,313
|
|||
|
|
|
1,620,856
|
|||
|
|
Water Utilities — 0.4%
|
|
|||
|
19,836
|
United Utilities Group PLC
(GBP)
|
305,857
|
|||
|
|
Wireless Telecommunication
Services — 1.4%
|
|
|||
|
874,171
|
Vodafone Group PLC (GBP)
|
1,012,959
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 99.7%
|
72,116,380
|
|||
|
|
(Cost $60,131,415)
|
|
|||
|
|
Net Other Assets and
Liabilities — 0.3%
|
219,714
|
|||
|
|
Net Assets — 100.0%
|
$72,336,094
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(f)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At September 30, 2025, securities
noted as such are valued at $0 or 0.0% of net assets.
|
|
(g)
|
This security’s value was determined using significant
unobservable inputs (see Valuation Inputs in the Additional
Information section).
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
GBP
|
– British Pound Sterling
|
|
REITs
|
– Real Estate Investment Trusts
|
|
ZAR
|
– South African Rand
|
|
Country Allocation†
|
% of Net
Assets
|
|
United Kingdom
|
90.8%
|
|
Spain
|
2.4
|
|
Isle of Man
|
2.0
|
|
Bermuda
|
1.4
|
|
Switzerland
|
1.2
|
|
Jersey
|
1.1
|
|
Ireland
|
0.8
|
|
Total Investments
|
99.7
|
|
Net Other Assets and Liabilities
|
0.3
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
GBP
|
98.0%
|
|
ZAR
|
2.0
|
|
Total
|
100.0%
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
**
|
Investment is valued at $0.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 101.6%
|
|||||
|
|
Aerospace & Defense — 2.1%
|
|
|||
|
853,492
|
Bharat Electronics Ltd. (INR)
|
$3,883,016
|
|||
|
|
Automobiles — 10.2%
|
|
|||
|
38,913
|
Bajaj Auto Ltd. (INR)
|
3,803,483
|
|||
|
49,254
|
Eicher Motors Ltd. (INR)
|
3,886,178
|
|||
|
97,475
|
Mahindra & Mahindra Ltd.
(INR)
|
3,762,265
|
|||
|
21,150
|
Maruti Suzuki India Ltd. (INR)
|
3,818,202
|
|||
|
517,967
|
Tata Motors Ltd. (INR)
|
3,968,083
|
|||
|
|
|
19,238,211
|
|||
|
|
Banks — 10.2%
|
|
|||
|
294,947
|
Axis Bank Ltd. (INR)
|
3,759,057
|
|||
|
362,252
|
HDFC Bank Ltd. (INR)
|
3,880,015
|
|||
|
250,098
|
ICICI Bank Ltd. (INR)
|
3,797,014
|
|||
|
170,889
|
Kotak Mahindra Bank Ltd.
(INR)
|
3,835,289
|
|||
|
399,565
|
State Bank of India (INR)
|
3,926,178
|
|||
|
|
|
19,197,553
|
|||
|
|
Chemicals — 2.0%
|
|
|||
|
143,130
|
Asian Paints Ltd. (INR)
|
3,788,267
|
|||
|
|
Construction & Engineering
— 2.1%
|
|
|||
|
94,415
|
Larsen & Toubro Ltd. (INR)
|
3,890,859
|
|||
|
|
Construction Materials —
4.1%
|
|
|||
|
123,834
|
Grasim Industries Ltd. (INR)
|
3,845,059
|
|||
|
28,341
|
UltraTech Cement Ltd. (INR)
|
3,901,211
|
|||
|
|
|
7,746,270
|
|||
|
|
Consumer Finance — 4.1%
|
|
|||
|
339,753
|
Bajaj Finance Ltd. (INR)
|
3,822,323
|
|||
|
561,589
|
Shriram Finance Ltd. (INR)
|
3,896,833
|
|||
|
|
|
7,719,156
|
|||
|
|
Electric Utilities — 2.0%
|
|
|||
|
1,209,864
|
Power Grid Corp. of India Ltd.
(INR)
|
3,818,776
|
|||
|
|
Financial Services — 4.0%
|
|
|||
|
169,034
|
Bajaj Finserv Ltd. (INR)
|
3,819,739
|
|||
|
1,140,867
|
Jio Financial Services Ltd. (INR)
|
3,767,394
|
|||
|
|
|
7,587,133
|
|||
|
|
Food Products — 4.1%
|
|
|||
|
293,213
|
Nestle India Ltd. (INR)
|
3,807,299
|
|||
|
303,373
|
Tata Consumer Products Ltd.
(INR)
|
3,858,587
|
|||
|
|
|
7,665,886
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Health Care Providers &
Services — 4.0%
|
|
|||
|
45,132
|
Apollo Hospitals Enterprise Ltd.
(INR)
|
$3,766,051
|
|||
|
302,439
|
Max Healthcare Institute Ltd.
(INR)
|
3,796,976
|
|||
|
|
|
7,563,027
|
|||
|
|
Hotels, Restaurants & Leisure
— 2.0%
|
|
|||
|
1,035,622
|
Eternal Ltd. (INR) (b)
|
3,796,595
|
|||
|
|
Independent Power and
Renewable Electricity
Producers — 2.1%
|
|
|||
|
1,010,530
|
NTPC Ltd. (INR)
|
3,874,758
|
|||
|
|
Insurance — 4.1%
|
|
|||
|
449,755
|
HDFC Life Insurance Co., Ltd.
(INR) (c) (d)
|
3,831,760
|
|||
|
190,123
|
SBI Life Insurance Co., Ltd.
(INR) (c) (d)
|
3,834,205
|
|||
|
|
|
7,665,965
|
|||
|
|
IT Services — 10.0%
|
|
|||
|
241,667
|
HCL Technologies Ltd. (INR)
|
3,769,993
|
|||
|
231,739
|
Infosys Ltd. (INR)
|
3,763,104
|
|||
|
116,347
|
Tata Consultancy Services Ltd.
(INR)
|
3,784,901
|
|||
|
238,237
|
Tech Mahindra Ltd. (INR)
|
3,757,270
|
|||
|
1,421,840
|
Wipro Ltd. (INR)
|
3,833,209
|
|||
|
|
|
18,908,477
|
|||
|
|
Metals & Mining — 6.2%
|
|
|||
|
461,457
|
Hindalco Industries Ltd. (INR)
|
3,960,042
|
|||
|
299,595
|
JSW Steel Ltd. (INR)
|
3,855,750
|
|||
|
1,996,086
|
Tata Steel Ltd. (INR)
|
3,794,168
|
|||
|
|
|
11,609,960
|
|||
|
|
Oil, Gas & Consumable Fuels
— 6.1%
|
|
|||
|
876,651
|
Coal India Ltd. (INR)
|
3,850,151
|
|||
|
1,435,663
|
Oil & Natural Gas Corp., Ltd.
(INR)
|
3,872,577
|
|||
|
250,718
|
Reliance Industries Ltd. (INR)
|
3,851,607
|
|||
|
|
|
11,574,335
|
|||
|
|
Passenger Airlines — 2.0%
|
|
|||
|
60,637
|
InterGlobe Aviation Ltd.
(INR) (c) (d)
|
3,820,683
|
|||
|
|
Personal Care Products —
2.0%
|
|
|||
|
135,557
|
Hindustan Unilever Ltd. (INR)
|
3,838,826
|
|||
|
|
Pharmaceuticals — 6.0%
|
|
|||
|
227,916
|
Cipla Ltd. (INR)
|
3,858,891
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (Continued)
|
|||||
|
|
Pharmaceuticals (Continued)
|
|
|||
|
269,829
|
Dr. Reddy’s Laboratories Ltd.
(INR)
|
$3,718,824
|
|||
|
211,433
|
Sun Pharmaceutical Industries
Ltd. (INR)
|
3,796,513
|
|||
|
|
|
11,374,228
|
|||
|
|
Specialty Retail — 2.0%
|
|
|||
|
72,554
|
Trent Ltd. (INR)
|
3,822,233
|
|||
|
|
Textiles, Apparel & Luxury
Goods — 2.0%
|
|
|||
|
101,846
|
Titan Co., Ltd. (INR)
|
3,862,150
|
|||
|
|
Tobacco — 2.1%
|
|
|||
|
859,998
|
ITC Ltd. (INR)
|
3,889,369
|
|||
|
|
Trading Companies &
Distributors — 2.0%
|
|
|||
|
133,553
|
Adani Enterprises Ltd. (INR)
|
3,769,289
|
|||
|
|
Transportation Infrastructure
— 2.1%
|
|
|||
|
244,518
|
Adani Ports & Special Economic
Zone Ltd. (INR)
|
3,865,141
|
|||
|
|
Wireless Telecommunication
Services — 2.0%
|
|
|||
|
177,767
|
Bharti Airtel Ltd. (INR)
|
3,760,809
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 101.6%
|
191,530,972
|
|||
|
|
(Cost $151,161,814)
|
|
|||
|
|
Net Other Assets and
Liabilities — (1.6)%
|
(2,996,459
)
|
|||
|
|
Net Assets — 100.0%
|
$188,534,513
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
INR
|
– Indian Rupee
|
|
Country Allocation†
|
% of Net
Assets
|
|
India
|
101.6%
|
|
Total Investments
|
101.6
|
|
Net Other Assets and Liabilities
|
(1.6)
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
INR
|
100.0%
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 191,530,972
|
$ 191,530,972
|
$ —
|
$ —
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) — 97.7%
|
|||||
|
|
Banks — 2.7%
|
|
|||
|
21,647
|
Luzerner Kantonalbank AG
(CHF)
|
$2,175,441
|
|||
|
|
Building Products — 4.1%
|
|
|||
|
3,193
|
Belimo Holding AG (CHF)
|
3,335,192
|
|||
|
|
Capital Markets — 17.4%
|
|
|||
|
140,387
|
EFG International AG (CHF)
|
2,853,416
|
|||
|
38,473
|
Julius Baer Group Ltd. (CHF)
|
2,656,210
|
|||
|
5,740
|
Swissquote Group Holding S.A.
(CHF)
|
4,005,490
|
|||
|
19,215
|
UBS Group AG (CHF)
|
784,724
|
|||
|
24,146
|
Vontobel Holding AG (CHF)
|
1,816,903
|
|||
|
8,916
|
VZ Holding AG (CHF)
|
1,863,730
|
|||
|
|
|
13,980,473
|
|||
|
|
Construction Materials —
4.6%
|
|
|||
|
43,797
|
Holcim AG (CHF)
|
3,704,905
|
|||
|
|
Containers & Packaging —
1.4%
|
|
|||
|
105,577
|
SIG Group AG (CHF)
|
1,088,197
|
|||
|
|
Diversified Telecommunication
Services — 3.3%
|
|
|||
|
3,669
|
Swisscom AG (CHF)
|
2,661,702
|
|||
|
|
Electric Utilities — 3.9%
|
|
|||
|
14,885
|
BKW AG (CHF)
|
3,176,888
|
|||
|
|
Electrical Equipment — 3.9%
|
|
|||
|
36,984
|
Accelleron Industries AG (CHF)
|
3,110,456
|
|||
|
|
Electronic Equipment,
Instruments & Components
— 1.4%
|
|
|||
|
3,843
|
ALSO Holding AG (CHF)
|
1,163,448
|
|||
|
|
Food Products — 6.4%
|
|
|||
|
1,194
|
Barry Callebaut AG (CHF)
|
1,634,897
|
|||
|
115
|
Chocoladefabriken Lindt &
Spruengli AG (CHF)
|
1,756,674
|
|||
|
1,301
|
Emmi AG (CHF)
|
1,122,778
|
|||
|
6,545
|
Nestle S.A. (CHF)
|
600,770
|
|||
|
|
|
5,115,119
|
|||
|
|
Health Care Equipment &
Supplies — 3.2%
|
|
|||
|
7,349
|
Alcon AG (CHF)
|
547,079
|
|||
|
2,183
|
Sonova Holding AG (CHF)
|
593,980
|
|||
|
3,663
|
Ypsomed Holding AG (CHF)
|
1,437,959
|
|||
|
|
|
2,579,018
|
|||
|
|
Health Care Providers &
Services — 2.4%
|
|
|||
|
17,822
|
Galenica AG (CHF) (b) (c)
|
1,936,566
|
|||
|
|
Insurance — 7.6%
|
|
|||
|
13,839
|
Helvetia Holding AG (CHF)
|
3,384,779
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Insurance (Continued)
|
|
|||
|
1,285
|
Swiss Life Holding AG (CHF)
|
$1,381,126
|
|||
|
3,762
|
Swiss Re AG (CHF)
|
694,934
|
|||
|
930
|
Zurich Insurance Group AG
(CHF)
|
661,941
|
|||
|
|
|
6,122,780
|
|||
|
|
Life Sciences Tools & Services
— 1.4%
|
|
|||
|
11,555
|
Siegfried Holding AG (CHF)
|
1,151,073
|
|||
|
|
Machinery — 7.0%
|
|
|||
|
5,237
|
Bucher Industries AG (CHF)
|
2,480,182
|
|||
|
23,710
|
SFS Group AG (CHF)
|
3,180,991
|
|||
|
|
|
5,661,173
|
|||
|
|
Marine Transportation —
2.1%
|
|
|||
|
9,017
|
Kuehne + Nagel International
AG (CHF)
|
1,678,121
|
|||
|
|
Pharmaceuticals — 5.2%
|
|
|||
|
10,729
|
Novartis AG (CHF)
|
1,349,397
|
|||
|
47,528
|
Sandoz Group AG (CHF)
|
2,816,275
|
|||
|
|
|
4,165,672
|
|||
|
|
Professional Services — 3.8%
|
|
|||
|
109,398
|
Adecco Group AG (CHF)
|
3,064,601
|
|||
|
|
Real Estate Management &
Development — 2.3%
|
|
|||
|
7,062
|
PSP Swiss Property AG (CHF)
|
1,212,707
|
|||
|
4,343
|
Swiss Prime Site AG (CHF)
|
607,218
|
|||
|
|
|
1,819,925
|
|||
|
|
Specialty Retail — 4.0%
|
|
|||
|
59,963
|
Avolta AG (CHF)
|
3,243,523
|
|||
|
|
Technology Hardware, Storage
& Peripherals — 1.0%
|
|
|||
|
7,222
|
Logitech International S.A.
(CHF)
|
787,294
|
|||
|
|
Textiles, Apparel & Luxury
Goods — 3.7%
|
|
|||
|
15,944
|
Swatch Group (The) AG (CHF)
|
2,993,318
|
|||
|
|
Trading Companies &
Distributors — 1.4%
|
|
|||
|
16,657
|
DKSH Holding AG (CHF)
|
1,125,742
|
|||
|
|
Transportation Infrastructure
— 3.5%
|
|
|||
|
9,135
|
Flughafen Zurich AG (CHF)
|
2,783,934
|
|||
|
|
Total Common Stocks
|
78,624,561
|
|||
|
|
(Cost $69,650,870)
|
|
|||
|
Shares
|
Description
|
Value
|
|||
|
MONEY MARKET FUNDS — 0.1%
|
|||||
|
81,082
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (d)
|
$81,082
|
|||
|
|
(Cost $81,082)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 97.8%
|
78,705,643
|
|||
|
|
(Cost $69,731,952)
|
|
|||
|
|
Net Other Assets and
Liabilities — 2.2%
|
1,795,516
|
|||
|
|
Net Assets — 100.0%
|
$80,501,159
|
|||
|
(a)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(b)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(c)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(d)
|
Rate shown reflects yield as of September 30, 2025.
|
|
Country Allocation†
|
% of Net
Assets
|
|
Switzerland
|
97.7%
|
|
United States
|
0.1
|
|
Total Investments
|
97.8
|
|
Net Other Assets and Liabilities
|
2.2
|
|
Total
|
100.0%
|
|
†
|
Portfolio securities are categorized based upon their country of
incorporation, which can be different from the country
categorization of the Fund’s underlying index.
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
CHF
|
99.9%
|
|
USD
|
0.1
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 78,624,561
|
$ 78,624,561
|
$ —
|
$ —
|
|
Money Market Funds
|
81,082
|
81,082
|
—
|
—
|
|
Total Investments
|
$78,705,643
|
$78,705,643
|
$—
|
$—
|
|
*
|
See Portfolio of Investments for industry breakout.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.6%
|
|||||
|
|
Australia — 5.0%
|
|
|||
|
2,808
|
Eagers Automotive Ltd. (AUD)
|
$54,478
|
|||
|
46,585
|
Firefinch Ltd.
(AUD) (c) (d) (e) (f) (g)
|
0
|
|||
|
9,075
|
Genesis Minerals Ltd. (AUD) (d)
|
35,369
|
|||
|
6,632
|
Helia Group Ltd. (AUD)
|
25,365
|
|||
|
8,677
|
Iluka Resources Ltd. (AUD)
|
36,344
|
|||
|
26,721
|
Karoon Energy Ltd. (AUD)
|
29,174
|
|||
|
6,126
|
MA Financial Group Ltd. (AUD)
|
37,779
|
|||
|
2,259
|
Magellan Financial Group Ltd.
(AUD)
|
14,365
|
|||
|
549
|
Monadelphous Group Ltd.
(AUD)
|
8,174
|
|||
|
9,075
|
New Hope Corp., Ltd. (AUD)
|
23,539
|
|||
|
18,915
|
Perenti Ltd. (AUD)
|
35,170
|
|||
|
5,055
|
Perseus Mining Ltd. (AUD)
|
16,390
|
|||
|
3,551
|
Ramelius Resources Ltd. (AUD)
|
9,117
|
|||
|
2,490
|
Regis Healthcare Ltd. (AUD)
|
9,919
|
|||
|
10,736
|
Regis Resources Ltd. (AUD)
|
42,695
|
|||
|
19,851
|
Stanmore Resources Ltd. (AUD)
|
27,978
|
|||
|
1,018
|
Temple & Webster Group Ltd.
(AUD) (d)
|
15,480
|
|||
|
|
|
421,336
|
|||
|
|
Austria — 0.7%
|
|
|||
|
877
|
Kontron AG (EUR)
|
28,171
|
|||
|
1,982
|
UNIQA Insurance Group AG
(EUR)
|
29,413
|
|||
|
|
|
57,584
|
|||
|
|
Belgium — 1.1%
|
|
|||
|
440
|
Bekaert S.A. (EUR)
|
20,095
|
|||
|
370
|
Gimv N.V. (EUR)
|
19,765
|
|||
|
2,846
|
Proximus SADP (EUR)
|
24,860
|
|||
|
3,901
|
X-Fab Silicon Foundries SE
(EUR) (d) (h) (i)
|
31,579
|
|||
|
|
|
96,299
|
|||
|
|
Bermuda — 4.4%
|
|
|||
|
78,000
|
Brilliance China Automotive
Holdings Ltd. (HKD)
|
41,295
|
|||
|
18,000
|
CGN New Energy Holdings Co.,
Ltd. (HKD)
|
6,847
|
|||
|
4,881
|
Conduit Holdings Ltd. (GBP)
|
22,385
|
|||
|
10,500
|
Johnson Electric Holdings Ltd.
(HKD)
|
54,915
|
|||
|
6,500
|
Kerry Properties Ltd. (HKD)
|
17,407
|
|||
|
10,750
|
Luk Fook Holdings International
Ltd. (HKD)
|
34,397
|
|||
|
94,000
|
Pacific Basin Shipping Ltd.
(HKD)
|
30,319
|
|||
|
15,500
|
Shenzhen International Holdings
Ltd. (HKD)
|
15,556
|
|||
|
66,000
|
Sinofert Holdings Ltd. (HKD)
|
11,874
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Bermuda (Continued)
|
|
|||
|
20,000
|
Sinopec Kantons Holdings Ltd.
(HKD)
|
$11,308
|
|||
|
1,125
|
Stolt-Nielsen Ltd. (NOK)
|
38,723
|
|||
|
700
|
Teekay Tankers Ltd., Class A
|
35,385
|
|||
|
388,000
|
United Energy Group Ltd.
(HKD)
|
26,425
|
|||
|
16,250
|
Yue Yuen Industrial Holdings
Ltd. (HKD)
|
27,668
|
|||
|
|
|
374,504
|
|||
|
|
Canada — 6.9%
|
|
|||
|
274
|
ADENTRA, Inc. (CAD)
|
6,936
|
|||
|
1,353
|
Athabasca Oil Corp. (CAD) (d)
|
6,475
|
|||
|
7,099
|
Baytex Energy Corp. (CAD)
|
16,629
|
|||
|
338
|
Boardwalk Real Estate
Investment Trust (CAD)
|
16,789
|
|||
|
606
|
Canadian Solar, Inc. (d)
|
7,902
|
|||
|
3,500
|
Cardinal Energy Ltd. (CAD) (e)
|
19,491
|
|||
|
2,926
|
Extendicare, Inc. (CAD) (e)
|
31,264
|
|||
|
4,314
|
Fortuna Mining Corp. (CAD) (d)
|
38,624
|
|||
|
4,203
|
IAMGOLD Corp. (CAD) (d)
|
54,300
|
|||
|
2,433
|
K92 Mining, Inc. (CAD) (d)
|
29,405
|
|||
|
2,156
|
Killam Apartment Real Estate
Investment Trust (CAD) (e)
|
27,839
|
|||
|
151
|
Linamar Corp. (CAD)
|
8,098
|
|||
|
1,665
|
NuVista Energy Ltd. (CAD) (d)
|
19,238
|
|||
|
2,097
|
OceanaGold Corp. (CAD)
|
44,767
|
|||
|
2,247
|
Orla Mining Ltd. (CAD) (d)
|
24,235
|
|||
|
2,024
|
Paramount Resources Ltd.,
Class A (CAD)
|
32,679
|
|||
|
1,125
|
Parex Resources, Inc. (CAD)
|
14,704
|
|||
|
451
|
Precision Drilling Corp.
(CAD) (d)
|
25,400
|
|||
|
1,926
|
Secure Waste Infrastructure
Corp. (CAD)
|
27,429
|
|||
|
212
|
TerraVest Industries, Inc. (CAD)
|
21,220
|
|||
|
947
|
Torex Gold Resources, Inc.
(CAD) (d)
|
39,358
|
|||
|
809
|
Transcontinental, Inc., Class A
(CAD)
|
11,434
|
|||
|
1,620
|
Trican Well Service Ltd. (CAD)
|
7,182
|
|||
|
1,762
|
Wesdome Gold Mines Ltd.
(CAD) (d)
|
27,449
|
|||
|
3,261
|
Whitecap Resources, Inc. (CAD)
|
24,884
|
|||
|
|
|
583,731
|
|||
|
|
Cayman Islands — 4.0%
|
|
|||
|
103,000
|
JS Global Lifestyle Co., Ltd.
(HKD) (d) (h) (i)
|
24,618
|
|||
|
4,000
|
Kingboard Holdings Ltd. (HKD)
|
14,207
|
|||
|
10,000
|
Minth Group Ltd. (HKD)
|
43,460
|
|||
|
6,000
|
Mobvista, Inc. (HKD) (d) (h) (i)
|
16,176
|
|||
|
37,500
|
Mongolian Mining Corp.
(HKD) (d)
|
60,091
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Cayman Islands (Continued)
|
|
|||
|
33,000
|
Nexteer Automotive Group Ltd.
(HKD)
|
$36,215
|
|||
|
22,000
|
TCL Electronics Holdings Ltd.
(HKD)
|
29,684
|
|||
|
6,500
|
United Laboratories International
Holdings (The) Ltd. (HKD)
|
12,546
|
|||
|
20,000
|
Vobile Group Ltd.
(HKD) (d) (e) (i)
|
15,343
|
|||
|
30,000
|
VSTECS Holdings Ltd. (HKD)
|
41,442
|
|||
|
24,000
|
Wasion Holdings Ltd. (HKD)
|
39,106
|
|||
|
|
|
332,888
|
|||
|
|
Denmark — 1.0%
|
|
|||
|
1,042
|
D/S Norden A/S (DKK)
|
37,825
|
|||
|
804
|
DFDS A/S (DKK) (d)
|
12,234
|
|||
|
274
|
Matas A/S (DKK)
|
5,602
|
|||
|
148
|
Per Aarsleff Holding A/S (DKK)
|
15,969
|
|||
|
168
|
Sydbank A/S (DKK)
|
13,489
|
|||
|
|
|
85,119
|
|||
|
|
Finland — 0.1%
|
|
|||
|
116
|
Hiab Oyj (EUR)
|
6,758
|
|||
|
|
France — 2.6%
|
|
|||
|
3,402
|
Clariane SE (EUR) (d)
|
18,900
|
|||
|
2,213
|
Emeis S.A. (EUR) (d) (e)
|
38,349
|
|||
|
5,006
|
Etablissements Maurel et Prom
S.A. (EUR)
|
28,693
|
|||
|
530
|
Mersen S.A. (EUR)
|
15,618
|
|||
|
533
|
Opmobility (EUR)
|
8,548
|
|||
|
186
|
Rubis S.C.A. (EUR)
|
6,940
|
|||
|
1,624
|
Television Francaise 1 S.A.
(EUR)
|
16,502
|
|||
|
188
|
Trigano S.A. (EUR)
|
32,733
|
|||
|
293
|
Vicat SACA (EUR)
|
20,537
|
|||
|
347
|
Viridien (EUR) (d)
|
26,053
|
|||
|
25
|
VusionGroup (EUR)
|
7,485
|
|||
|
|
|
220,358
|
|||
|
|
Germany — 2.2%
|
|
|||
|
367
|
Bilfinger SE (EUR)
|
40,373
|
|||
|
5,857
|
CECONOMY AG (EUR) (d)
|
30,153
|
|||
|
524
|
Eckert & Ziegler SE (EUR)
|
10,963
|
|||
|
917
|
flatexDEGIRO AG (EUR)
|
30,016
|
|||
|
109
|
Hornbach Holding AG & Co.
KGaA (EUR)
|
12,541
|
|||
|
619
|
Mutares SE & Co. KGaA (EUR)
|
21,584
|
|||
|
1,024
|
Nordex SE (EUR) (d)
|
26,209
|
|||
|
207
|
Salzgitter AG (EUR)
|
6,256
|
|||
|
201
|
Stabilus SE (EUR)
|
5,805
|
|||
|
|
|
183,900
|
|||
|
|
Greece — 0.0%
|
|
|||
|
3,231
|
FF Group (EUR) (c) (d) (f) (g)
|
0
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Hong Kong — 0.7%
|
|
|||
|
32,000
|
China Jinmao Holdings Group
Ltd. (HKD)
|
$6,374
|
|||
|
36,000
|
CITIC Telecom International
Holdings Ltd. (HKD)
|
11,241
|
|||
|
5,600
|
Dah Sing Financial Holdings
Ltd. (HKD)
|
24,453
|
|||
|
3,000
|
Shanghai Industrial Holdings
Ltd. (HKD)
|
5,274
|
|||
|
32,000
|
Shougang Fushan Resources
Group Ltd. (HKD)
|
11,678
|
|||
|
|
|
59,020
|
|||
|
|
Ireland — 0.1%
|
|
|||
|
936
|
Dalata Hotel Group PLC (EUR)
|
7,033
|
|||
|
|
Israel — 3.2%
|
|
|||
|
868
|
Cellcom Israel Ltd. (ILS) (d)
|
8,643
|
|||
|
5,230
|
El Al Israel Airlines (ILS) (d)
|
23,827
|
|||
|
1,660
|
Harel Insurance Investments &
Financial Services Ltd. (ILS)
|
55,932
|
|||
|
629
|
IDI Insurance Co., Ltd. (ILS)
|
38,816
|
|||
|
527
|
Menora Mivtachim Holdings
Ltd. (ILS)
|
51,710
|
|||
|
11,659
|
Migdal Insurance & Financial
Holding Ltd. (ILS)
|
40,445
|
|||
|
925
|
Next Vision Stabilized Systems
Ltd. (ILS)
|
41,891
|
|||
|
73
|
Rami Levy Chain Stores
Hashikma Marketing 2006
Ltd. (ILS)
|
6,729
|
|||
|
|
|
267,993
|
|||
|
|
Italy — 1.2%
|
|
|||
|
282
|
Avio S.p.A. (EUR) (i)
|
17,713
|
|||
|
1,728
|
Fila S.p.A. (EUR)
|
18,908
|
|||
|
2,201
|
Maire S.p.A. (EUR)
|
32,559
|
|||
|
7,664
|
Webuild S.p.A. (EUR)
|
31,817
|
|||
|
|
|
100,997
|
|||
|
|
Japan — 35.1%
|
|
|||
|
1,100
|
Ai Holdings Corp. (JPY)
|
20,842
|
|||
|
1,300
|
Aichi Steel Corp. (JPY)
|
23,682
|
|||
|
1,900
|
Aisan Industry Co., Ltd. (JPY)
|
24,115
|
|||
|
700
|
Alpen Co., Ltd. (JPY)
|
11,147
|
|||
|
500
|
Anycolor, Inc. (JPY)
|
19,035
|
|||
|
1,600
|
ARE Holdings, Inc. (JPY)
|
23,250
|
|||
|
300
|
Artience Co., Ltd. (JPY)
|
6,350
|
|||
|
400
|
ASAHI YUKIZAI Corp. (JPY)
|
12,442
|
|||
|
2,500
|
Belluna Co., Ltd. (JPY)
|
17,294
|
|||
|
700
|
Central Glass Co., Ltd. (JPY)
|
15,502
|
|||
|
1,800
|
Chugoku Electric Power (The)
Co., Inc. (JPY)
|
10,264
|
|||
|
900
|
Citizen Watch Co., Ltd. (JPY)
|
6,104
|
|||
|
1,800
|
Daicel Corp. (JPY)
|
16,426
|
|||
|
600
|
Dai-Dan Co., Ltd. (JPY)
|
25,114
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Japan (Continued)
|
|
|||
|
3,300
|
Daido Steel Co., Ltd. (JPY)
|
$28,529
|
|||
|
1,500
|
Daishi Hokuetsu Financial
Group, Inc. (JPY)
|
14,555
|
|||
|
400
|
DeNA Co., Ltd. (JPY)
|
6,274
|
|||
|
300
|
Digital Garage, Inc. (JPY)
|
7,333
|
|||
|
200
|
Dowa Holdings Co., Ltd. (JPY)
|
7,300
|
|||
|
900
|
Electric Power Development
Co., Ltd. (JPY)
|
16,885
|
|||
|
700
|
Exedy Corp. (JPY)
|
24,614
|
|||
|
500
|
FCC Co., Ltd. (JPY)
|
10,870
|
|||
|
300
|
Ferrotec Holdings Corp. (JPY)
|
8,114
|
|||
|
900
|
Food & Life Cos., Ltd. (JPY)
|
47,086
|
|||
|
900
|
Fuji Media Holdings, Inc. (JPY)
|
21,319
|
|||
|
100
|
Fujita Kanko, Inc. (JPY)
|
7,093
|
|||
|
1,900
|
Furukawa Co., Ltd. (JPY)
|
36,899
|
|||
|
200
|
Furukawa Electric Co., Ltd.
(JPY)
|
12,323
|
|||
|
600
|
GENDA, Inc. (JPY) (d)
|
3,558
|
|||
|
1,200
|
Glory Ltd. (JPY)
|
29,723
|
|||
|
300
|
GMO internet group, Inc. (JPY)
|
7,344
|
|||
|
800
|
Godo Steel Ltd. (JPY)
|
21,530
|
|||
|
2,700
|
GREE Holdings, Inc. (JPY)
|
8,015
|
|||
|
1,000
|
GS Yuasa Corp. (JPY)
|
23,667
|
|||
|
1,800
|
G-Tekt Corp. (JPY)
|
24,124
|
|||
|
300
|
H2O Retailing Corp. (JPY)
|
4,404
|
|||
|
300
|
Hanwa Co., Ltd. (JPY)
|
12,780
|
|||
|
600
|
Happinet Corp. (JPY)
|
27,995
|
|||
|
1,100
|
Hazama Ando Corp. (JPY)
|
12,452
|
|||
|
900
|
Heiwado Co., Ltd. (JPY)
|
17,698
|
|||
|
4,100
|
Hokkaido Electric Power Co.,
Inc. (JPY) (e)
|
30,053
|
|||
|
1,200
|
Hokuhoku Financial Group, Inc.
(JPY)
|
31,427
|
|||
|
2,800
|
Hokuriku Electric Power Co.
(JPY)
|
16,006
|
|||
|
1,100
|
Hyakugo Bank (The) Ltd. (JPY)
|
6,806
|
|||
|
2,600
|
IDOM, Inc. (JPY)
|
18,495
|
|||
|
3,100
|
Iino Kaiun Kaisha Ltd. (JPY)
|
24,819
|
|||
|
900
|
Ishihara Sangyo Kaisha Ltd.
(JPY)
|
14,107
|
|||
|
1,600
|
Iwatani Corp. (JPY)
|
17,495
|
|||
|
1,300
|
Iyogin Holdings, Inc. (JPY)
|
19,739
|
|||
|
1,300
|
Japan Investment Adviser Co.,
Ltd. (JPY)
|
17,581
|
|||
|
500
|
Japan Lifeline Co., Ltd. (JPY)
|
5,095
|
|||
|
3,400
|
Japan Petroleum Exploration
Co., Ltd. (JPY)
|
29,773
|
|||
|
200
|
JINS Holdings, Inc. (JPY)
|
12,388
|
|||
|
400
|
J-Oil Mills, Inc. (JPY)
|
5,556
|
|||
|
1,200
|
Kandenko Co., Ltd. (JPY)
|
32,912
|
|||
|
600
|
Kaneka Corp. (JPY)
|
17,073
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Japan (Continued)
|
|
|||
|
600
|
Kato Sangyo Co., Ltd. (JPY)
|
$23,654
|
|||
|
1,600
|
Keikyu Corp. (JPY)
|
16,240
|
|||
|
300
|
KH Neochem Co., Ltd. (JPY)
|
5,656
|
|||
|
700
|
Ki-Star Real Estate Co., Ltd.
(JPY)
|
26,507
|
|||
|
1,300
|
Kitz Corp. (JPY)
|
14,856
|
|||
|
700
|
Kojima Co., Ltd. (JPY)
|
5,353
|
|||
|
300
|
Krosaki Harima Corp. (JPY)
|
8,358
|
|||
|
2,800
|
Kumiai Chemical Industry Co.,
Ltd. (JPY)
|
15,658
|
|||
|
100
|
Kurabo Industries Ltd. (JPY)
|
4,774
|
|||
|
1,300
|
Kyoei Steel Ltd. (JPY)
|
20,148
|
|||
|
800
|
Life Corp. (JPY)
|
13,670
|
|||
|
300
|
Lintec Corp. (JPY)
|
7,384
|
|||
|
100
|
Makino Milling Machine Co.,
Ltd. (JPY)
|
7,749
|
|||
|
500
|
Mars Group Holdings Corp.
(JPY)
|
10,380
|
|||
|
3,300
|
Mazda Motor Corp. (JPY) (e)
|
24,122
|
|||
|
600
|
Megmilk Snow Brand Co., Ltd.
(JPY)
|
12,013
|
|||
|
5,900
|
Metaplanet, Inc. (JPY) (d)
|
22,940
|
|||
|
400
|
Mitsubishi Logisnext Co., Ltd.
(JPY)
|
4,909
|
|||
|
600
|
Mitsubishi Materials Corp. (JPY)
|
11,271
|
|||
|
5,800
|
Mitsubishi Motors Corp. (JPY)
|
15,766
|
|||
|
1,900
|
Mitsui E&S Co., Ltd. (JPY)
|
57,494
|
|||
|
900
|
Mitsui Mining & Smelting Co.,
Ltd. (JPY)
|
70,017
|
|||
|
600
|
Mitsui-Soko Holdings Co., Ltd.
(JPY)
|
16,777
|
|||
|
1,000
|
Modec, Inc. (JPY)
|
55,922
|
|||
|
1,700
|
Namura Shipbuilding Co., Ltd.
(JPY)
|
39,257
|
|||
|
800
|
Nanto Bank (The) Ltd. (JPY)
|
27,535
|
|||
|
400
|
NGK Insulators Ltd. (JPY)
|
6,707
|
|||
|
1,500
|
NHK Spring Co., Ltd. (JPY)
|
22,578
|
|||
|
2,500
|
Nikkiso Co., Ltd. (JPY)
|
25,070
|
|||
|
1,500
|
Nikkon Holdings Co., Ltd. (JPY)
|
34,608
|
|||
|
1,800
|
Nippn Corp. (JPY)
|
28,214
|
|||
|
600
|
Nippon Kayaku Co., Ltd. (JPY)
|
5,637
|
|||
|
1,000
|
Nippon Light Metal Holdings
Co., Ltd. (JPY)
|
14,200
|
|||
|
2,300
|
Nippon Paper Industries Co.,
Ltd. (JPY)
|
18,943
|
|||
|
200
|
Nippon Shinyaku Co., Ltd.
(JPY)
|
4,508
|
|||
|
400
|
Nishi-Nippon Railroad Co., Ltd.
(JPY)
|
6,322
|
|||
|
400
|
Nishio Holdings Co., Ltd. (JPY)
|
11,604
|
|||
|
800
|
Nissin Corp. (JPY)
|
43,601
|
|||
|
3,000
|
Nittetsu Mining Co., Ltd. (JPY)
|
40,491
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Japan (Continued)
|
|
|||
|
1,600
|
Nojima Corp. (JPY)
|
$43,872
|
|||
|
1,100
|
NOK Corp. (JPY)
|
19,332
|
|||
|
700
|
Noritake Co., Ltd. (JPY)
|
22,389
|
|||
|
1,500
|
North Pacific Bank Ltd. (JPY)
|
7,577
|
|||
|
1,000
|
NS United Kaiun Kaisha Ltd.
(JPY)
|
34,283
|
|||
|
1,100
|
Odakyu Electric Railway Co.,
Ltd. (JPY) (e)
|
12,381
|
|||
|
4,000
|
Oki Electric Industry Co., Ltd.
(JPY)
|
43,656
|
|||
|
1,800
|
Pasona Group, Inc. (JPY)
|
26,656
|
|||
|
2,200
|
Penta-Ocean Construction Co.,
Ltd. (JPY)
|
17,346
|
|||
|
600
|
Raito Kogyo Co., Ltd. (JPY)
|
13,084
|
|||
|
2,000
|
Rengo Co., Ltd. (JPY)
|
12,644
|
|||
|
700
|
Ryobi Ltd. (JPY)
|
13,159
|
|||
|
1,200
|
Sakata INX Corp. (JPY)
|
18,882
|
|||
|
200
|
Sakata Seed Corp. (JPY)
|
4,930
|
|||
|
200
|
San-A Co., Ltd. (JPY)
|
3,766
|
|||
|
500
|
Sanken Electric Co., Ltd.
(JPY) (d)
|
24,309
|
|||
|
1,200
|
Sanki Engineering Co., Ltd.
(JPY)
|
40,004
|
|||
|
400
|
Sankyu, Inc. (JPY)
|
21,909
|
|||
|
300
|
SBS Holdings, Inc. (JPY)
|
7,425
|
|||
|
700
|
Shibaura Machine Co., Ltd.
(JPY)
|
19,928
|
|||
|
2,000
|
Shikoku Electric Power Co., Inc.
(JPY)
|
17,784
|
|||
|
500
|
Shinnihon Corp. (JPY)
|
6,235
|
|||
|
2,100
|
Shizuoka Gas Co., Ltd. (JPY)
|
16,600
|
|||
|
800
|
Showa Sangyo Co., Ltd. (JPY)
|
16,499
|
|||
|
600
|
Sugi Holdings Co., Ltd. (JPY)
|
14,468
|
|||
|
400
|
Sumitomo Osaka Cement Co.,
Ltd. (JPY)
|
10,522
|
|||
|
5,400
|
Sumitomo Pharma Co., Ltd.
(JPY) (d)
|
62,477
|
|||
|
1,800
|
Sumitomo Riko Co., Ltd. (JPY)
|
26,851
|
|||
|
600
|
Sumitomo Seika Chemicals Co.,
Ltd. (JPY)
|
19,292
|
|||
|
600
|
Taiheiyo Cement Corp. (JPY)
|
15,600
|
|||
|
500
|
Taiyo Holdings Co., Ltd. (JPY)
|
27,319
|
|||
|
2,500
|
Takasago International Corp.
(JPY)
|
27,352
|
|||
|
3,000
|
Teijin Ltd. (JPY)
|
25,530
|
|||
|
2,400
|
Toa Corp. (JPY)
|
33,951
|
|||
|
2,200
|
Toho Bank (The) Ltd. (JPY)
|
6,918
|
|||
|
2,300
|
Tohoku Electric Power Co., Inc.
(JPY) (e)
|
16,735
|
|||
|
700
|
Tokai Rika Co., Ltd. (JPY)
|
12,671
|
|||
|
100
|
Token Corp. (JPY)
|
10,069
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Japan (Continued)
|
|
|||
|
600
|
Tokuyama Corp. (JPY)
|
$14,910
|
|||
|
1,500
|
Tokyo Steel Manufacturing Co.,
Ltd. (JPY)
|
14,789
|
|||
|
4,400
|
TOMONY Holdings, Inc. (JPY)
|
20,024
|
|||
|
600
|
Toshiba TEC Corp. (JPY)
|
12,293
|
|||
|
600
|
Towa Pharmaceutical Co., Ltd.
(JPY)
|
11,977
|
|||
|
600
|
Toyo Tanso Co., Ltd. (JPY)
|
17,649
|
|||
|
1,400
|
Toyo Tire Corp. (JPY)
|
37,214
|
|||
|
1,200
|
Toyoda Gosei Co., Ltd. (JPY)
|
29,877
|
|||
|
400
|
Toyota Boshoku Corp. (JPY)
|
6,639
|
|||
|
1,000
|
TRE Holdings Corp. (JPY)
|
10,515
|
|||
|
800
|
Trusco Nakayama Corp. (JPY)
|
12,918
|
|||
|
2,800
|
TSI Holdings Co., Ltd. (JPY)
|
20,013
|
|||
|
800
|
Tsubakimoto Chain Co. (JPY)
|
11,625
|
|||
|
1,700
|
Tsugami Corp. (JPY)
|
27,405
|
|||
|
2,300
|
Tsukishima Holdings Co., Ltd.
(JPY)
|
45,678
|
|||
|
300
|
TV Asahi Holdings Corp.
(JPY) (e)
|
6,806
|
|||
|
1,200
|
UACJ Corp. (JPY)
|
13,040
|
|||
|
300
|
Uchida Yoko Co., Ltd. (JPY)
|
24,485
|
|||
|
300
|
Valor Holdings Co., Ltd. (JPY)
|
5,899
|
|||
|
1,300
|
YAMABIKO Corp. (JPY)
|
22,390
|
|||
|
700
|
Yokohama Rubber (The) Co.,
Ltd. (JPY)
|
25,963
|
|||
|
1,000
|
Yonex Co., Ltd. (JPY)
|
25,628
|
|||
|
|
|
2,966,411
|
|||
|
|
Jersey — 0.4%
|
|
|||
|
3,883
|
Yellow Cake PLC
(GBP) (d) (h) (i)
|
29,793
|
|||
|
|
Luxembourg — 0.1%
|
|
|||
|
325
|
APERAM S.A. (EUR)
|
10,539
|
|||
|
|
Netherlands — 1.9%
|
|
|||
|
1,464
|
Fugro N.V. (EUR)
|
15,615
|
|||
|
4,719
|
Koninklijke BAM Groep N.V.
(EUR)
|
44,517
|
|||
|
624
|
Koninklijke Heijmans N.V.
(EUR)
|
43,371
|
|||
|
4,354
|
MFE-MediaForEurope N.V.,
Class A (EUR)
|
16,245
|
|||
|
2,269
|
OCI N.V. (EUR)
|
10,496
|
|||
|
244
|
Signify N.V. (EUR) (h) (i)
|
6,388
|
|||
|
206
|
Van Lanschot Kempen N.V.
(EUR)
|
12,262
|
|||
|
303
|
Wereldhave N.V. (EUR)
|
6,766
|
|||
|
|
|
155,660
|
|||
|
|
Norway — 2.3%
|
|
|||
|
8,193
|
Aker Solutions ASA (NOK)
|
24,564
|
|||
|
1,315
|
Europris ASA (NOK) (h) (i)
|
13,335
|
|||
|
3,614
|
Hoegh Autoliners ASA (NOK)
|
38,749
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Norway (Continued)
|
|
|||
|
17,365
|
MPC Container Ships ASA
(NOK)
|
$28,676
|
|||
|
652
|
Protector Forsikring ASA
(NOK)
|
32,079
|
|||
|
1,166
|
SpareBank 1 Nord Norge (NOK)
|
16,428
|
|||
|
302
|
SpareBank 1 SMN (NOK)
|
5,860
|
|||
|
3,926
|
Wallenius Wilhelmsen ASA
(NOK)
|
34,895
|
|||
|
|
|
194,586
|
|||
|
|
Portugal — 0.8%
|
|
|||
|
3,246
|
CTT-Correios de Portugal S.A.
(EUR)
|
27,629
|
|||
|
1,116
|
NOS SGPS S.A. (EUR)
|
5,097
|
|||
|
22,861
|
Sonae SGPS S.A. (EUR)
|
35,912
|
|||
|
|
|
68,638
|
|||
|
|
Singapore — 0.8%
|
|
|||
|
36,500
|
Capitaland India Trust (SGD)
|
33,955
|
|||
|
49,500
|
Digital Core REIT Management
Pte Ltd.
|
23,513
|
|||
|
40,300
|
Singapore Post Ltd. (SGD) (e)
|
13,121
|
|||
|
|
|
70,589
|
|||
|
|
South Korea — 15.7%
|
|
|||
|
1,159
|
Amorepacific Holdings Corp.
(KRW)
|
22,014
|
|||
|
332
|
APR Corp. (KRW)
|
59,157
|
|||
|
331
|
Binggrae Co., Ltd. (KRW)
|
17,694
|
|||
|
179
|
CJ Logistics Corp. (KRW)
|
10,742
|
|||
|
141
|
Cosmax, Inc. (KRW)
|
21,556
|
|||
|
191
|
Coway Co., Ltd. (KRW)
|
13,409
|
|||
|
670
|
Daesang Corp. (KRW)
|
10,506
|
|||
|
2,452
|
Daewoo Engineering &
Construction Co., Ltd.
(KRW) (d)
|
6,256
|
|||
|
723
|
DB HiTek Co., Ltd. (KRW)
|
29,269
|
|||
|
743
|
DL E&C Co., Ltd. (KRW)
|
22,189
|
|||
|
1,500
|
DN Automotive Corp. (KRW)
|
24,429
|
|||
|
309
|
Doosan Bobcat, Inc. (KRW)
|
12,223
|
|||
|
79
|
Doosan Co., Ltd. (KRW)
|
30,462
|
|||
|
620
|
DoubleUGames Co., Ltd.
(KRW)
|
22,979
|
|||
|
286
|
E-MART, Inc. (KRW)
|
15,390
|
|||
|
122
|
F&F Co., Ltd. (KRW)
|
5,452
|
|||
|
455
|
GS Engineering & Construction
Corp. (KRW)
|
5,967
|
|||
|
420
|
GS Holdings Corp. (KRW)
|
13,755
|
|||
|
2,549
|
Hankook & Company Co., Ltd.
(KRW)
|
41,785
|
|||
|
979
|
Hankook Tire & Technology
Co., Ltd. (KRW)
|
26,759
|
|||
|
943
|
Hanwha Corp. (KRW)
|
56,860
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
South Korea (Continued)
|
|
|||
|
1,817
|
Hanwha Engine (KRW) (d)
|
$58,147
|
|||
|
2,593
|
HDC Holdings Co., Ltd. (KRW)
|
32,157
|
|||
|
46
|
Hugel, Inc. (KRW) (d)
|
9,901
|
|||
|
72
|
Hyosung Heavy Industries Corp.
(KRW)
|
68,765
|
|||
|
71
|
Hyosung TNC Corp. (KRW)
|
10,829
|
|||
|
258
|
Hyundai Department Store Co.,
Ltd. (KRW)
|
16,274
|
|||
|
286
|
Hyundai Elevator Co., Ltd.
(KRW)
|
16,307
|
|||
|
1,074
|
Hyundai Engineering &
Construction Co., Ltd. (KRW)
|
41,642
|
|||
|
707
|
Hyundai Marine & Fire
Insurance Co., Ltd. (KRW) (d)
|
14,185
|
|||
|
175
|
Hyundai Wia Corp. (KRW)
|
6,037
|
|||
|
860
|
iM Financial Group Co., Ltd.
(KRW)
|
8,434
|
|||
|
884
|
Innocean Worldwide, Inc.
(KRW)
|
11,467
|
|||
|
444
|
JB Financial Group Co., Ltd.
(KRW)
|
7,263
|
|||
|
202
|
Jusung Engineering Co., Ltd.
(KRW)
|
4,449
|
|||
|
927
|
Kangwon Land, Inc. (KRW)
|
12,131
|
|||
|
61
|
KCC Corp. (KRW)
|
16,695
|
|||
|
264
|
Kolon Industries, Inc. (KRW)
|
6,398
|
|||
|
577
|
Korea Electric Terminal Co.,
Ltd. (KRW)
|
25,168
|
|||
|
650
|
Korea Gas Corp. (KRW)
|
18,114
|
|||
|
128
|
Kumho Petrochemical Co., Ltd.
(KRW)
|
9,524
|
|||
|
6,524
|
Kumho Tire Co., Inc. (KRW) (d)
|
21,971
|
|||
|
145
|
LG Innotek Co., Ltd. (KRW)
|
19,408
|
|||
|
750
|
LG Uplus Corp. (KRW)
|
8,205
|
|||
|
93
|
LIG Nex1 Co., Ltd. (KRW)
|
34,004
|
|||
|
253
|
LS Eco Energy Ltd. (KRW)
|
6,780
|
|||
|
613
|
LX International Corp. (KRW)
|
13,959
|
|||
|
575
|
LX Semicon Co., Ltd. (KRW)
|
22,335
|
|||
|
2,527
|
Mirae Asset Securities Co., Ltd.
(KRW)
|
38,453
|
|||
|
813
|
Naturecell Co., Ltd. (KRW) (d)
|
11,850
|
|||
|
66
|
Orion Corp. (KRW)
|
4,873
|
|||
|
1,445
|
Orion Holdings Corp. (KRW)
|
20,907
|
|||
|
9,154
|
Pan Ocean Co., Ltd. (KRW)
|
25,184
|
|||
|
70
|
PharmaResearch Co., Ltd.
(KRW)
|
29,985
|
|||
|
374
|
Poongsan Corp. (KRW)
|
33,240
|
|||
|
88
|
Rainbow Robotics (KRW) (d)
|
19,381
|
|||
|
1,562
|
Samsung E&A Co., Ltd (KRW)
|
29,836
|
|||
|
595
|
Sebang Global Battery Co., Ltd.
(KRW)
|
27,056
|
|||
|
56
|
Shinsegae, Inc. (KRW)
|
7,468
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
South Korea (Continued)
|
|
|||
|
125
|
SK Gas Ltd. (KRW)
|
$20,625
|
|||
|
1,007
|
SL Corp. (KRW)
|
24,331
|
|||
|
72
|
SM Entertainment Co., Ltd.
(KRW)
|
6,671
|
|||
|
788
|
Youngone Corp. (KRW)
|
36,450
|
|||
|
|
|
1,325,712
|
|||
|
|
Spain — 1.2%
|
|
|||
|
478
|
Construcciones y Auxiliar de
Ferrocarriles S.A. (EUR)
|
29,575
|
|||
|
356
|
Grenergy Renovables S.A.
(EUR) (d)
|
26,875
|
|||
|
533
|
Let’s GOWEX S.A.
(EUR) (c) (d) (f) (g) (j)
|
0
|
|||
|
1,518
|
Tecnicas Reunidas S.A.
(EUR) (d)
|
47,229
|
|||
|
|
|
103,679
|
|||
|
|
Sweden — 2.5%
|
|
|||
|
2,406
|
Ambea AB (SEK) (h) (i)
|
34,731
|
|||
|
4,383
|
Attendo AB (SEK) (h) (i)
|
32,822
|
|||
|
682
|
Betsson AB, Class B (SEK)
|
11,250
|
|||
|
815
|
Bure Equity AB (SEK)
|
24,032
|
|||
|
905
|
Clas Ohlson AB, Class B (SEK)
|
35,529
|
|||
|
412
|
INVISIO AB (SEK)
|
13,785
|
|||
|
389
|
Loomis AB (SEK)
|
16,594
|
|||
|
465
|
Modern Times Group MTG AB,
Class B (SEK) (d)
|
5,443
|
|||
|
1,121
|
NCC AB, Class B (SEK)
|
25,744
|
|||
|
4,064
|
Storskogen Group AB, Class B
(SEK)
|
4,139
|
|||
|
2,378
|
Truecaller AB, Class B (SEK)
|
10,478
|
|||
|
|
|
214,547
|
|||
|
|
Switzerland — 0.5%
|
|
|||
|
59
|
Aryzta AG (CHF) (d)
|
4,810
|
|||
|
47
|
Cembra Money Bank AG (CHF)
|
5,399
|
|||
|
348
|
Implenia AG (CHF)
|
29,115
|
|||
|
|
|
39,324
|
|||
|
|
United Kingdom — 5.1%
|
|
|||
|
1,744
|
Big Yellow Group PLC (GBP)
|
22,798
|
|||
|
18,683
|
Currys PLC (GBP)
|
35,102
|
|||
|
2,776
|
Drax Group PLC (GBP)
|
26,115
|
|||
|
546
|
Future PLC (GBP)
|
4,810
|
|||
|
7,682
|
Hochschild Mining PLC (GBP)
|
36,718
|
|||
|
328
|
JET2 PLC (GBP)
|
6,238
|
|||
|
1,228
|
Johnson Matthey PLC (GBP)
|
33,196
|
|||
|
22,926
|
Jupiter Fund Management PLC
(GBP)
|
44,400
|
|||
|
223
|
Lion Finance Group PLC (GBP)
|
22,943
|
|||
|
1,926
|
Mitchells & Butlers PLC
(GBP) (d)
|
6,398
|
|||
|
3,540
|
Mitie Group PLC (GBP)
|
6,627
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
United Kingdom (Continued)
|
|
|||
|
1,894
|
OSB Group PLC (GBP)
|
$14,456
|
|||
|
5,514
|
Quilter PLC (GBP) (h) (i)
|
12,325
|
|||
|
13,728
|
RWS Holdings PLC (GBP)
|
17,041
|
|||
|
3,309
|
Safestore Holdings PLC (GBP)
|
29,283
|
|||
|
9,010
|
SigmaRoc PLC (GBP) (d)
|
14,614
|
|||
|
4,422
|
Target Healthcare REIT PLC
(GBP)
|
5,757
|
|||
|
394
|
TBC Bank Group PLC (GBP)
|
24,084
|
|||
|
1,606
|
TORM PLC, Class A (DKK) (e)
|
33,001
|
|||
|
2,167
|
XPS Pensions Group PLC
(GBP) (i)
|
9,880
|
|||
|
5,529
|
Zigup PLC (GBP)
|
24,241
|
|||
|
|
|
430,027
|
|||
|
|
Total Common Stocks
|
8,407,025
|
|||
|
|
(Cost $6,060,438)
|
|
|||
|
MONEY MARKET FUNDS — 0.0%
|
|||||
|
2,160
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (k)
|
2,160
|
|||
|
|
(Cost $2,160)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 2.5%
|
|||||
|
$42,456
|
Bank of America Corp.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $42,461.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $43,305. (l)
|
42,456
|
|||
|
62,135
|
JPMorgan Chase & Co.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $62,142.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $63,378. (l)
|
62,135
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS (Continued)
|
|||||
|
$37,256
|
Mizuho Financial Group, Inc.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $37,260.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $38,001. (l)
|
$37,256
|
|||
|
66,826
|
RBC Dominion Securities, Inc.,
4.19% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $66,834.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $68,163. (l)
|
66,826
|
|||
|
|
Total Repurchase Agreements
|
208,673
|
|||
|
|
(Cost $208,673)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 102.1%
|
8,617,858
|
|||
|
|
(Cost $6,271,271)
|
|
|||
|
|
Net Other Assets and
Liabilities — (2.1)%
|
(176,282
)
|
|||
|
|
Net Assets — 100.0%
|
$8,441,576
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(d)
|
Non-income producing security.
|
|
(e)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $199,571 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $208,673.
|
|
(f)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At September 30, 2025, securities
noted as such are valued at $0 or 0.0% of net assets.
|
|
(g)
|
This security’s value was determined using significant
unobservable inputs (see Valuation Inputs in the Additional
Information section).
|
|
(h)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(i)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(j)
|
This issuer has filed for protection in bankruptcy court.
|
|
(k)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(l)
|
This security serves as collateral for securities on loan.
|
|
Sector Allocation
|
% of Total
Investments
|
|
Industrials
|
26.1%
|
|
Consumer Discretionary
|
17.4
|
|
Materials
|
16.0
|
|
Financials
|
10.1
|
|
Energy
|
7.6
|
|
Information Technology
|
5.4
|
|
Consumer Staples
|
4.3
|
|
Health Care
|
3.8
|
|
Utilities
|
2.4
|
|
All Other
|
6.9
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
JPY
|
34.4%
|
|
KRW
|
15.4
|
|
EUR
|
11.7
|
|
HKD
|
7.8
|
|
CAD
|
6.7
|
|
GBP
|
5.2
|
|
AUD
|
4.9
|
|
USD
|
3.2
|
|
ILS
|
3.1
|
|
NOK
|
2.7
|
|
SEK
|
2.5
|
|
DKK
|
1.4
|
|
SGD
|
0.5
|
|
CHF
|
0.5
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks:
|
|
|
|
|
|
Australia
|
$ 421,336
|
$ 421,336
|
$ —
|
$ —**
|
|
Greece
|
—**
|
—
|
—
|
—**
|
|
Spain
|
103,679
|
103,679
|
—
|
—**
|
|
Other Country
Categories*
|
7,882,010
|
7,882,010
|
—
|
—
|
|
Money Market Funds
|
2,160
|
2,160
|
—
|
—
|
|
Repurchase Agreements
|
208,673
|
—
|
208,673
|
—
|
|
Total Investments
|
$8,617,858
|
$8,409,185
|
$208,673
|
$—**
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
**
|
Investments are valued at $0.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.5%
|
|||||
|
|
Brazil — 18.6%
|
|
|||
|
105,856
|
Banco ABC Brasil S.A.
(Preference Shares) (BRL)
|
$462,427
|
|||
|
605,819
|
Bradespar S.A. (Preference
Shares) (BRL)
|
1,927,101
|
|||
|
613,007
|
C&A Modas S.A. (BRL)
|
1,887,770
|
|||
|
549,378
|
Cia de Saneamento de Minas
Gerais Copasa MG (BRL)
|
3,560,157
|
|||
|
402,158
|
Cia De Sanena Do Parana (BRL)
|
2,799,559
|
|||
|
5,191,492
|
Cogna Educacao S.A. (BRL)
|
3,257,942
|
|||
|
353,571
|
Cury Construtora e
Incorporadora S.A. (BRL)
|
2,296,576
|
|||
|
272,390
|
Cyrela Brazil Realty S.A.
Empreendimentos e
Participacoes (BRL)
|
1,571,210
|
|||
|
621,394
|
Direcional Engenharia S.A.
(BRL)
|
1,887,912
|
|||
|
400,377
|
EcoRodovias Infraestrutura e
Logistica S.A. (BRL)
|
589,028
|
|||
|
217,004
|
Energisa S.A. (BRL)
|
2,073,714
|
|||
|
285,344
|
Ez Tec Empreendimentos e
Participacoes S.A. (BRL)
|
881,405
|
|||
|
1,578,214
|
Grendene S.A. (BRL)
|
1,544,928
|
|||
|
740,629
|
Grupo SBF S.A. (BRL)
|
1,809,043
|
|||
|
169,535
|
Intelbras S.A. Industria de
Telecomunicacao Eletronica
Brasileira (BRL)
|
375,240
|
|||
|
169,336
|
IRB-Brasil Resseguros S.A.
(BRL) (c)
|
1,559,014
|
|||
|
388,549
|
Isa Energia Brasil S.A.
(Preference Shares) (BRL)
|
1,801,025
|
|||
|
2,595,746
|
JHSF Participacoes S.A. (BRL)
|
3,155,522
|
|||
|
177,436
|
Lojas Renner S.A. (BRL)
|
504,412
|
|||
|
1,063,747
|
Marcopolo S.A. (Preference
Shares) (BRL)
|
1,780,823
|
|||
|
604,651
|
MBRF Global Foods Company
S.A. (BRL)
|
2,206,270
|
|||
|
727,389
|
Metalurgica Gerdau S.A.
(Preference Shares) (BRL)
|
1,301,093
|
|||
|
1,551,195
|
Minerva S.A. (BRL) (c)
|
1,967,320
|
|||
|
263,195
|
Petroreconcavo S.A. (BRL)
|
623,588
|
|||
|
257,725
|
Randon S.A. Implementos e
Participacoes (Preference
Shares) (BRL)
|
297,808
|
|||
|
314,499
|
Sao Martinho S.A. (BRL)
|
1,025,826
|
|||
|
65,030
|
TOTVS S.A. (BRL)
|
561,197
|
|||
|
748,807
|
Tres Tentos Agroindustrial S.A.
(BRL)
|
1,966,898
|
|||
|
494,315
|
Vamos Locacao de Caminhoes
Maquinas e Equipamentos
S.A. (BRL)
|
320,426
|
|||
|
610,248
|
Vibra Energia S.A. (BRL)
|
2,819,484
|
|||
|
218,205
|
Vivara Participacoes S.A. (BRL)
|
1,170,921
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Brazil (Continued)
|
|
|||
|
137,345
|
Vulcabras S.A. (BRL)
|
$507,858
|
|||
|
382,594
|
YDUQS Participacoes S.A.
(BRL)
|
928,764
|
|||
|
|
|
51,422,261
|
|||
|
|
Cayman Islands — 17.6%
|
|
|||
|
1,331,103
|
361 Degrees International Ltd.
(HKD)
|
1,070,773
|
|||
|
985,987
|
3SBio, Inc. (HKD) (d) (e)
|
3,801,054
|
|||
|
496,258
|
AK Medical Holdings Ltd.
(HKD) (d) (e) (f)
|
352,013
|
|||
|
1,144,259
|
China Conch Venture Holdings
Ltd. (HKD)
|
1,613,030
|
|||
|
3,378,963
|
China Lesso Group Holdings
Ltd. (HKD)
|
2,118,921
|
|||
|
11,550
|
China Metal Recycling Holdings
Ltd. (HKD) (c) (g) (h) (i)
|
0
|
|||
|
2,377,110
|
China Resources Medical
Holdings Co., Ltd. (HKD) (f)
|
1,072,181
|
|||
|
2,191,643
|
China Yongda Automobiles
Services Holdings Ltd. (HKD)
|
537,916
|
|||
|
3,171,951
|
China Zhongwang Holdings Ltd.
(HKD) (c) (g) (h) (i)
|
0
|
|||
|
1,991,636
|
COFCO Joycome Foods Ltd.
(HKD) (c) (e) (f)
|
460,674
|
|||
|
318,747
|
Consun Pharmaceutical Group
Ltd. (HKD)
|
699,593
|
|||
|
1,757,898
|
Country Garden Services
Holdings Co., Ltd. (HKD)
|
1,493,161
|
|||
|
1,294,402
|
Dongyue Group Ltd. (HKD)
|
2,019,293
|
|||
|
1,171,255
|
EEKA Fashion Holdings Ltd.
(HKD)
|
1,136,344
|
|||
|
220,218
|
Everest Medicines Ltd.
(HKD) (c) (d) (e) (f)
|
1,593,209
|
|||
|
1,954,426
|
Fufeng Group Ltd. (HKD)
|
2,200,062
|
|||
|
1,339,708
|
Greentown China Holdings Ltd.
(HKD)
|
1,635,480
|
|||
|
2,046,659
|
Greentown Management
Holdings Co., Ltd.
(HKD) (d) (e) (f)
|
831,083
|
|||
|
967,413
|
InnoCare Pharma Ltd., Class H
(HKD) (c) (d) (e) (f)
|
2,327,177
|
|||
|
231,286
|
JF SmartInvest Holdings Ltd.
(HKD)
|
2,217,174
|
|||
|
4,512,165
|
Lonking Holdings Ltd. (HKD)
|
1,727,877
|
|||
|
2,163,266
|
Meitu, Inc. (HKD) (d) (e)
|
2,576,922
|
|||
|
2,501,700
|
Newborn Town, Inc.
(HKD) (c) (e)
|
4,195,245
|
|||
|
1,984,069
|
Q Technology Group Co., Ltd.
(HKD) (e)
|
4,275,643
|
|||
|
1,283,041
|
Tianneng Power International
Ltd. (HKD) (f)
|
1,607,521
|
|||
|
188,492
|
Wanguo Gold Group Ltd.
(HKD)
|
941,255
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Cayman Islands (Continued)
|
|
|||
|
357,880
|
Wisdom Marine Lines Co., Ltd.
(TWD)
|
$689,270
|
|||
|
456,373
|
XD, Inc. (HKD) (e)
|
4,764,912
|
|||
|
121,541
|
Zhen Ding Technology Holding
Ltd. (TWD)
|
661,979
|
|||
|
|
|
48,619,762
|
|||
|
|
Chile — 3.4%
|
|
|||
|
55,923
|
Banco Itau Chile S.A. (CLP)
|
860,864
|
|||
|
202,779
|
Cia Cervecerias Unidas S.A.
(CLP)
|
1,246,080
|
|||
|
22,729,716
|
Cia Sud Americana de Vapores
S.A. (CLP)
|
1,189,171
|
|||
|
507,994
|
Embotelladora Andina S.A.,
Class B (Preference Shares)
(CLP)
|
2,001,478
|
|||
|
1,476,665
|
Engie Energia Chile S.A. (CLP)
|
2,134,908
|
|||
|
192,115
|
Parque Arauco S.A. (CLP)
|
486,367
|
|||
|
4,098,585
|
SMU S.A. (CLP)
|
684,298
|
|||
|
593,705
|
Vina Concha y Toro S.A. (CLP)
|
650,869
|
|||
|
|
|
9,254,035
|
|||
|
|
China — 7.3%
|
|
|||
|
5,081,396
|
Angang Steel Co., Ltd., Class H
(HKD) (c)
|
1,475,717
|
|||
|
269,262
|
Anhui Expressway Co., Ltd.,
Class H (HKD)
|
395,834
|
|||
|
2,918,475
|
BAIC Motor Corp., Ltd.,
Class H (HKD) (c) (d) (e)
|
795,066
|
|||
|
1,317,976
|
Bank of Chongqing Co., Ltd.,
Class H (HKD)
|
1,244,820
|
|||
|
5,510,379
|
Beijing Jingneng Clean Energy
Co., Ltd., Class H (HKD)
|
1,791,487
|
|||
|
176,449
|
CanSino Biologics, Inc., Class H
(HKD) (c) (d) (e) (f)
|
1,122,370
|
|||
|
6,173,908
|
China BlueChemical Ltd.,
Class H (HKD)
|
1,888,203
|
|||
|
691,382
|
China Communications Services
Corp., Ltd., Class H (HKD)
|
408,684
|
|||
|
1,321,795
|
China Datang Corp. Renewable
Power Co., Ltd., Class H
(HKD)
|
463,701
|
|||
|
2,206,069
|
China National Building
Material Co., Ltd., Class H
(HKD)
|
1,564,839
|
|||
|
1,780,051
|
Legend Holdings Corp., Class H
(HKD) (c) (d) (e)
|
2,619,084
|
|||
|
6,339,328
|
Maanshan Iron & Steel Co., Ltd.,
Class H (HKD) (c)
|
2,175,034
|
|||
|
213,204
|
Shanghai Conant Optical Co.,
Ltd., Class H (HKD) (f)
|
1,133,698
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
China (Continued)
|
|
|||
|
522,207
|
Shanghai MicroPort MedBot
Group Co., Ltd., Class H
(HKD) (c)
|
$1,936,647
|
|||
|
186,560
|
Yangtze Optical Fibre & Cable
Joint Stock Ltd., Co., Class H
(HKD) (d) (e) (f)
|
1,134,423
|
|||
|
|
|
20,149,607
|
|||
|
|
Colombia — 0.8%
|
|
|||
|
258,618
|
Grupo de Inversiones
Suramericana S.A. (Preference
Shares) (COP)
|
2,341,801
|
|||
|
|
Czech Republic — 0.3%
|
|
|||
|
119,739
|
Moneta Money Bank A/S
(CZK) (d) (e)
|
955,159
|
|||
|
|
Hong Kong — 1.3%
|
|
|||
|
1,048,642
|
China Nonferrous Mining Corp.,
Ltd. (HKD)
|
2,018,602
|
|||
|
1,127,221
|
Genertec Universal Medical
Group Co., Ltd. (HKD) (d) (e)
|
879,244
|
|||
|
475,040
|
Morimatsu International
Holdings Co., Ltd. (HKD) (e)
|
670,871
|
|||
|
|
|
3,568,717
|
|||
|
|
India — 0.8%
|
|
|||
|
8,982
|
Amber Enterprises India Ltd.
(INR) (c)
|
818,295
|
|||
|
417,398
|
Manappuram Finance Ltd. (INR)
|
1,320,048
|
|||
|
|
|
2,138,343
|
|||
|
|
Indonesia — 8.9%
|
|
|||
|
17,002,025
|
Alamtri Resources Indonesia
Tbk PT (IDR)
|
1,724,178
|
|||
|
11,511,463
|
Aneka Tambang Tbk (IDR)
|
2,182,792
|
|||
|
7,088,980
|
Bank Tabungan Negara Persero
Tbk PT (IDR)
|
546,615
|
|||
|
9,958,329
|
Bukit Asam Tbk PT (IDR)
|
1,404,265
|
|||
|
18,896,828
|
Bumi Resources Minerals Tbk
PT (IDR) (c)
|
952,495
|
|||
|
25,094,988
|
Ciputra Development Tbk PT
(IDR)
|
1,400,440
|
|||
|
34,534,388
|
Elang Mahkota Teknologi Tbk
PT (IDR)
|
2,600,699
|
|||
|
6,375,759
|
Indah Kiat Pulp & Paper Tbk PT
(IDR)
|
2,811,991
|
|||
|
1,366,829
|
Indo Tambangraya Megah Tbk
PT (IDR)
|
1,876,160
|
|||
|
883,626
|
Indofood Sukses Makmur Tbk
PT (IDR)
|
383,090
|
|||
|
15,606,336
|
Japfa Comfeed Indonesia Tbk
PT (IDR)
|
1,835,489
|
|||
|
24,482,915
|
Medco Energi Internasional Tbk
PT (IDR)
|
2,012,697
|
|||
|
16,138,256
|
Perusahaan Gas Negara Tbk PT
(IDR)
|
1,636,583
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Indonesia (Continued)
|
|
|||
|
2,571,208
|
Petrosea Tbk PT (IDR)
|
$1,045,301
|
|||
|
7,817,753
|
Sawit Sumbermas Sarana Tbk
PT (IDR)
|
771,689
|
|||
|
62,737,471
|
Surya Citra Media Tbk PT (IDR)
|
1,264,914
|
|||
|
|
|
24,449,398
|
|||
|
|
Malaysia — 1.7%
|
|
|||
|
15,284,000
|
Bumi Armada Bhd (MYR)
|
1,271,094
|
|||
|
3,431,100
|
Dayang Enterprise Holdings Bhd
(MYR)
|
1,304,446
|
|||
|
1,034,600
|
Genting Bhd (MYR)
|
717,841
|
|||
|
5,301,233
|
Guan Chong Bhd (MYR)
|
1,152,579
|
|||
|
1,672,900
|
Tanco Holdings Bhd (MYR) (j)
|
357,754
|
|||
|
|
|
4,803,714
|
|||
|
|
Malta — 0.9%
|
|
|||
|
1,930,241
|
MAS PLC (ZAR) (c)
|
2,375,079
|
|||
|
|
Mexico — 4.4%
|
|
|||
|
1,279,896
|
FIBRA Macquarie Mexico
(MXN) (d) (e)
|
2,193,089
|
|||
|
306,124
|
Genomma Lab Internacional
S.A.B. de C.V., Class B
(MXN)
|
321,611
|
|||
|
1,229,155
|
Gentera S.A.B. de C.V. (MXN)
|
3,187,407
|
|||
|
1,160,829
|
La Comer S.A.B. de C.V.
(MXN)
|
2,719,916
|
|||
|
721,867
|
Megacable Holdings S.A.B. de
C.V., Series CPO (MXN)
|
2,326,403
|
|||
|
993,724
|
Orbia Advance Corp. S.A.B. de
C.V. (MXN)
|
960,977
|
|||
|
43,587
|
Qualitas Controladora S.A.B. de
C.V. (MXN)
|
398,539
|
|||
|
|
|
12,107,942
|
|||
|
|
Morocco — 1.1%
|
|
|||
|
8,618
|
Akdital Holding (MAD)
|
1,313,946
|
|||
|
19,721
|
Alliances Developpement
Immobilier S.A. (MAD)
|
1,138,106
|
|||
|
160,090
|
Douja Promotion Groupe
Addoha S.A. (MAD)
|
681,036
|
|||
|
|
|
3,133,088
|
|||
|
|
Philippines — 1.4%
|
|
|||
|
2,336,300
|
Converge Information and
Communications Technology
Solutions., Inc. (PHP)
|
502,586
|
|||
|
3,002,880
|
DigiPlus Interactive Corp. (PHP)
|
1,302,796
|
|||
|
5,256,000
|
JG Summit Holdings, Inc. (PHP)
|
2,077,113
|
|||
|
|
|
3,882,495
|
|||
|
|
Poland — 3.4%
|
|
|||
|
37,197
|
Asseco Poland S.A. (PLN)
|
2,050,893
|
|||
|
291,810
|
Cyfrowy Polsat S.A.
(PLN) (c) (f)
|
1,117,576
|
|||
|
479,525
|
Enea S.A. (PLN)
|
2,329,911
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Poland (Continued)
|
|
|||
|
335,525
|
Orange Polska S.A. (PLN)
|
$809,399
|
|||
|
1,188,004
|
Tauron Polska Energia S.A.
(PLN) (c)
|
2,973,074
|
|||
|
|
|
9,280,853
|
|||
|
|
Russia — 0.0%
|
|
|||
|
653,736,712
|
Federal Grid Co. - Rosseti PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
580,351
|
Mechel PJSC
(RUB) (c) (g) (h) (i)
|
0
|
|||
|
|
|
0
|
|||
|
|
South Africa — 5.8%
|
|
|||
|
47,760
|
African Rainbow Minerals Ltd.
(ZAR)
|
513,026
|
|||
|
187,884
|
Exxaro Resources Ltd. (ZAR)
|
1,960,216
|
|||
|
668,570
|
Hyprop Investments Ltd. (ZAR)
|
1,809,436
|
|||
|
168,734
|
JSE Ltd. (ZAR)
|
1,245,525
|
|||
|
2,433,027
|
Life Healthcare Group Holdings
Ltd. (ZAR)
|
1,632,819
|
|||
|
893,069
|
Momentum Group Ltd. (ZAR)
|
1,695,642
|
|||
|
159,930
|
Motus Holdings Ltd. (ZAR)
|
963,099
|
|||
|
1,667,026
|
Redefine Properties Ltd. (ZAR)
|
479,741
|
|||
|
245,099
|
Resilient REIT Ltd. (ZAR)
|
909,151
|
|||
|
962,720
|
Sappi Ltd. (ZAR)
|
1,288,829
|
|||
|
573,345
|
Telkom S.A. SOC Ltd. (ZAR)
|
1,698,788
|
|||
|
345,232
|
Thungela Resources Ltd. (ZAR)
|
1,749,349
|
|||
|
|
|
15,945,621
|
|||
|
|
Taiwan — 7.8%
|
|
|||
|
462,481
|
Advancetek Enterprise Co., Ltd.
(TWD)
|
640,354
|
|||
|
55,909
|
Arcadyan Technology Corp.
(TWD)
|
402,652
|
|||
|
496,232
|
Capital Securities Corp. (TWD)
|
401,343
|
|||
|
867,551
|
ChipMOS Technologies, Inc.
(TWD)
|
839,712
|
|||
|
414,139
|
Flytech Technology Co., Ltd.
(TWD)
|
1,426,754
|
|||
|
108,288
|
Fusheng Precision Co., Ltd.
(TWD)
|
927,330
|
|||
|
218,394
|
Greatek Electronics, Inc. (TWD)
|
452,151
|
|||
|
481,051
|
Hannstar Board Corp. (TWD)
|
1,444,195
|
|||
|
603,352
|
Huang Hsiang Construction
Corp. (TWD)
|
848,272
|
|||
|
1,666,157
|
Innolux Corp. (TWD)
|
787,212
|
|||
|
319,276
|
Johnson Health Tech Co., Ltd.
(TWD)
|
1,822,758
|
|||
|
1,040,409
|
Kindom Development Co., Ltd.
(TWD)
|
1,228,910
|
|||
|
54,105
|
L&K Engineering Co., Ltd.
(TWD)
|
637,302
|
|||
|
34,846
|
Nan Pao Resins Chemical Co.,
Ltd. (TWD)
|
449,323
|
|||
|
1,069,078
|
Pou Chen Corp. (TWD)
|
1,011,973
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Taiwan (Continued)
|
|
|||
|
2,075,823
|
Rechi Precision Co., Ltd. (TWD)
|
$1,668,668
|
|||
|
1,075,170
|
Ruentex Development Co., Ltd.
(TWD)
|
1,044,197
|
|||
|
1,064,254
|
Ruentex Industries Ltd. (TWD)
|
1,829,743
|
|||
|
256,234
|
TA Chen Stainless Pipe (TWD)
|
323,676
|
|||
|
594,654
|
Tatung Co., Ltd. (TWD)
|
756,048
|
|||
|
694,999
|
Tigerair Taiwan Co., Ltd.
(TWD)
|
1,755,854
|
|||
|
748,779
|
Weikeng Industrial Co., Ltd.
(TWD)
|
690,357
|
|||
|
|
|
21,388,784
|
|||
|
|
Thailand — 5.3%
|
|
|||
|
6,809,700
|
AP Thailand PCL (THB)
|
1,859,770
|
|||
|
1,014,700
|
Bangchak Corp. PCL (THB)
|
962,877
|
|||
|
3,119,700
|
Banpu PCL (THB)
|
437,076
|
|||
|
140,100
|
Electricity Generating PCL
(THB)
|
495,030
|
|||
|
818,700
|
KCE Electronics PCL (THB)
|
576,033
|
|||
|
3,924,600
|
Prima Marine PCL (THB)
|
835,666
|
|||
|
509,000
|
Ratch Group PCL (THB)
|
404,467
|
|||
|
2,734,700
|
Regional Container Lines PCL
(THB)
|
2,236,369
|
|||
|
27,154,700
|
Sansiri PCL (THB)
|
1,223,449
|
|||
|
1,785,200
|
Sri Trang Agro-Industry PCL
(THB)
|
694,137
|
|||
|
7,140,700
|
Star Petroleum Refining PCL
(THB) (d) (e)
|
1,053,311
|
|||
|
4,016,600
|
Supalai PCL (THB)
|
2,255,890
|
|||
|
1,573,900
|
Thai Oil PCL (THB)
|
1,712,081
|
|||
|
|
|
14,746,156
|
|||
|
|
Turkey — 8.1%
|
|
|||
|
974,229
|
AG Anadolu Grubu Holding A/S
(TRY)
|
605,946
|
|||
|
2,765,780
|
Ahlatci Dogal Gaz Dagitim
Enerji VE Yatirim A/S
(TRY) (c)
|
1,922,471
|
|||
|
1,855,749
|
Anadolu Anonim Turk Sigorta
Sirketi (TRY)
|
956,055
|
|||
|
104,902
|
Arcelik A/S (TRY) (c)
|
319,167
|
|||
|
126,603
|
Astor Transformator Enerji
Turizm Insaat Ve Petrol
Sanayi Ticaret A/S (TRY) (f)
|
297,193
|
|||
|
170,404
|
Aygaz A/S (TRY)
|
747,565
|
|||
|
3,291,089
|
Baticim Bati Anadolu Cimento
Sanayii A/S (TRY) (j)
|
341,954
|
|||
|
1,117,053
|
Cimsa Cimento Sanayi VE
Ticaret A/S (TRY) (f)
|
1,265,432
|
|||
|
4,519,817
|
Dogan Sirketler Grubu Holding
A/S (TRY) (f)
|
1,862,183
|
|||
|
188,329
|
Dogus Otomotiv Servis ve
Ticaret A/S (TRY)
|
796,760
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Turkey (Continued)
|
|
|||
|
5,561,507
|
Emlak Konut Gayrimenkul
Yatirim Ortakligi A/S
(TRY) (f)
|
$2,657,875
|
|||
|
109,369
|
Gubre Fabrikalari T.A.S.
(TRY) (c)
|
750,350
|
|||
|
1,428,918
|
Is Yatirim Menkul Degerler A/S
(TRY)
|
1,492,249
|
|||
|
981,041
|
Kardemir Karabuk Demir Celik
Sanayi ve Ticaret A/S,
Class D (TRY) (c)
|
670,116
|
|||
|
87,120
|
Migros Ticaret A/S (TRY)
|
932,443
|
|||
|
1,512,309
|
NET Holding A/S (TRY) (c)
|
1,556,785
|
|||
|
1,889,889
|
Oyak Cimento Fabrikalari A/S
(TRY) (f) (j)
|
962,734
|
|||
|
278,992
|
Pegasus Hava Tasimaciligi A/S
(TRY) (c) (f)
|
1,452,760
|
|||
|
479,402
|
Tekfen Holding A/S (TRY) (c)
|
939,727
|
|||
|
3,922,379
|
Turkiye Sinai Kalkinma Bankasi
A/S (TRY) (c)
|
1,260,376
|
|||
|
238,508
|
Ulker Biskuvi Sanayi A/S
(TRY) (f)
|
599,465
|
|||
|
|
|
22,389,606
|
|||
|
|
Virgin Islands — 0.6%
|
|
|||
|
149,537
|
DPC Dash Ltd. (HKD) (c)
|
1,671,781
|
|||
|
|
Total Common Stocks
|
274,624,202
|
|||
|
|
(Cost $225,215,772)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 3.8%
|
|||||
|
$2,153,592
|
Bank of America Corp.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $2,153,843.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $2,196,664. (l)
|
2,153,592
|
|||
|
3,151,829
|
JPMorgan Chase & Co.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $3,152,197.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $3,214,866. (l)
|
3,151,829
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS (Continued)
|
|||||
|
$1,889,644
|
Mizuho Financial Group, Inc.,
4.20% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $1,889,864.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $1,927,437. (l)
|
$1,889,644
|
|||
|
3,389,795
|
RBC Dominion Securities, Inc.,
4.19% (k), dated 09/30/25,
due 10/01/25, with a maturity
value of $3,390,190.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $3,457,591. (l)
|
3,389,795
|
|||
|
|
Total Repurchase Agreements
|
10,584,860
|
|||
|
|
(Cost $10,584,860)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 103.3%
|
285,209,062
|
|||
|
|
(Cost $235,800,632)
|
|
|||
|
|
Net Other Assets and
Liabilities — (3.3)%
|
(9,169,684
)
|
|||
|
|
Net Assets — 100.0%
|
$276,039,378
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(e)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(f)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $6,325,789 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $10,584,860.
|
|
(g)
|
Pursuant to procedures adopted by the Trust’s Board of
Trustees, this security has been determined to be illiquid by
First Trust Advisors L.P., the Fund’s advisor.
|
|
(h)
|
This security is fair valued by the Advisor’s Pricing
Committee in accordance with procedures approved by the
Trust’s Board of Trustees, and in accordance with provisions
of the Investment Company Act of 1940 and rules
thereunder, as amended. At September 30, 2025, securities
noted as such are valued at $0 or 0.0% of net assets.
|
|
(i)
|
This security’s value was determined using significant
unobservable inputs (see Valuation Inputs in the Additional
Information section).
|
|
(j)
|
Non-income producing security which makes payment-in-
kind distributions.
|
|
(k)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(l)
|
This security serves as collateral for securities on loan.
|
|
Sector Allocation
|
% of Total
Investments
|
|
Consumer Discretionary
|
14.9%
|
|
Materials
|
11.2
|
|
Real Estate
|
10.4
|
|
Industrials
|
8.9
|
|
Utilities
|
8.8
|
|
Financials
|
7.8
|
|
Communication Services
|
7.7
|
|
Consumer Staples
|
7.2
|
|
Energy
|
6.6
|
|
All Other
|
16.5
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
HKD
|
25.5%
|
|
BRL
|
18.0
|
|
IDR
|
8.6
|
|
TWD
|
8.0
|
|
TRY
|
7.9
|
|
ZAR
|
6.4
|
|
THB
|
5.2
|
|
MXN
|
4.2
|
|
USD
|
3.7
|
|
PLN
|
3.3
|
|
CLP
|
3.2
|
|
MYR
|
1.7
|
|
PHP
|
1.4
|
|
MAD
|
1.1
|
|
COP
|
0.8
|
|
INR
|
0.7
|
|
CZK
|
0.3
|
|
RUB
|
0.0‡
|
|
Total
|
100.0%
|
|
‡
|
Investments are valued at $0.
|
|
*
|
See Portfolio of Investments for country breakout.
|
|
**
|
Investments are valued at $0.
|
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) — 99.7%
|
|||||
|
|
Austria — 4.8%
|
|
|||
|
2,684
|
ANDRITZ AG (EUR)
|
$188,754
|
|||
|
5,841
|
BAWAG Group AG
(EUR) (c) (d)
|
768,056
|
|||
|
2,177
|
Erste Group Bank AG (EUR)
|
212,652
|
|||
|
12,113
|
OMV AG (EUR)
|
645,932
|
|||
|
17,547
|
Raiffeisen Bank International
AG (EUR)
|
604,437
|
|||
|
4,239
|
Verbund AG (EUR)
|
308,065
|
|||
|
17,064
|
Vienna Insurance Group AG
Wiener Versicherung Gruppe
(EUR)
|
938,595
|
|||
|
12,332
|
voestalpine AG (EUR)
|
439,855
|
|||
|
|
|
4,106,346
|
|||
|
|
Belgium — 4.1%
|
|
|||
|
694
|
Ackermans & van Haaren N.V.
(EUR)
|
177,625
|
|||
|
5,013
|
Ageas S.A./N.V. (EUR)
|
346,658
|
|||
|
10,953
|
Colruyt Group N.V. (EUR)
|
431,047
|
|||
|
4,033
|
Groupe Bruxelles Lambert N.V.
(EUR)
|
360,093
|
|||
|
7,419
|
KBC Ancora (EUR)
|
587,074
|
|||
|
3,303
|
KBC Group N.V. (EUR)
|
393,413
|
|||
|
2,939
|
Sofina S.A. (EUR) (e)
|
866,086
|
|||
|
12,658
|
Warehouses De Pauw C.V.A.
(EUR)
|
316,246
|
|||
|
|
|
3,478,242
|
|||
|
|
Finland — 1.9%
|
|
|||
|
18,363
|
Fortum Oyj (EUR)
|
347,210
|
|||
|
2,359
|
Konecranes Oyj (EUR)
|
194,425
|
|||
|
28,664
|
Nokia Oyj (EUR)
|
137,271
|
|||
|
11,787
|
Nordea Bank Abp (EUR)
|
193,394
|
|||
|
7,587
|
Orion Oyj, Class B (EUR)
|
580,326
|
|||
|
15,921
|
Stora Enso Oyj, Class R
(EUR) (e)
|
174,510
|
|||
|
|
|
1,627,136
|
|||
|
|
France — 15.2%
|
|
|||
|
7,883
|
Arkema S.A. (EUR)
|
496,071
|
|||
|
7,043
|
AXA S.A. (EUR)
|
336,046
|
|||
|
5,412
|
BNP Paribas S.A. (EUR)
|
491,353
|
|||
|
15,242
|
Bouygues S.A. (EUR)
|
685,733
|
|||
|
1,005
|
Capgemini SE (EUR)
|
145,780
|
|||
|
42,667
|
Carrefour S.A. (EUR)
|
645,954
|
|||
|
1,513
|
Cie de Saint-Gobain S.A. (EUR)
|
162,820
|
|||
|
12,842
|
Cie Generale des Etablissements
Michelin S.C.A. (EUR)
|
460,457
|
|||
|
33,082
|
Credit Agricole S.A. (EUR)
|
649,405
|
|||
|
3,881
|
Eiffage S.A. (EUR)
|
495,292
|
|||
|
27,018
|
Elis S.A. (EUR)
|
776,520
|
|||
|
15,386
|
Engie S.A. (EUR)
|
329,758
|
|||
|
1,304
|
Ipsen S.A. (EUR)
|
173,918
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
France (Continued)
|
|
|||
|
727
|
Kering S.A. (EUR)
|
$241,167
|
|||
|
17,948
|
Klepierre S.A. (EUR)
|
698,745
|
|||
|
46,265
|
Orange S.A. (EUR)
|
750,126
|
|||
|
11,922
|
Renault S.A. (EUR)
|
487,098
|
|||
|
574
|
Safran S.A. (EUR)
|
202,239
|
|||
|
5,212
|
SCOR SE (EUR)
|
183,575
|
|||
|
13,407
|
Societe Generale S.A. (EUR)
|
887,136
|
|||
|
10,580
|
SPIE S.A. (EUR)
|
568,904
|
|||
|
7,501
|
Teleperformance SE (EUR)
|
557,808
|
|||
|
2,260
|
Thales S.A. (EUR)
|
707,386
|
|||
|
11,627
|
TotalEnergies SE (EUR)
|
706,152
|
|||
|
31,803
|
Vallourec SACA (EUR)
|
604,322
|
|||
|
4,676
|
Wendel SE (EUR)
|
447,425
|
|||
|
|
|
12,891,190
|
|||
|
|
Germany — 28.3%
|
|
|||
|
1,576
|
Allianz SE (EUR)
|
661,300
|
|||
|
7,969
|
Aurubis AG (EUR)
|
993,611
|
|||
|
34,171
|
Auto1 Group SE (EUR) (f)
|
1,163,439
|
|||
|
9,415
|
Bayerische Motoren Werke AG
(EUR)
|
944,429
|
|||
|
2,328
|
Brenntag SE (EUR)
|
139,120
|
|||
|
33,080
|
Commerzbank AG (EUR)
|
1,246,301
|
|||
|
14,091
|
Continental AG (EUR)
|
928,426
|
|||
|
7,475
|
Daimler Truck Holding AG
(EUR)
|
307,337
|
|||
|
31,791
|
Deutsche Bank AG (EUR)
|
1,117,864
|
|||
|
1,020
|
Deutsche Boerse AG (EUR)
|
273,158
|
|||
|
103,597
|
Deutsche Lufthansa AG (EUR)
|
876,698
|
|||
|
12,162
|
Deutsche Telekom AG (EUR)
|
414,229
|
|||
|
7,028
|
DHL Group (EUR)
|
313,052
|
|||
|
15,097
|
Dr. Ing hc F Porsche AG
(Preference Shares)
(EUR) (c) (d)
|
731,675
|
|||
|
29,815
|
E.ON SE (EUR)
|
560,596
|
|||
|
7,195
|
Fraport AG Frankfurt Airport
Services Worldwide (EUR) (f)
|
621,300
|
|||
|
3,950
|
Freenet AG (EUR)
|
126,233
|
|||
|
6,080
|
Fresenius Medical Care AG
(EUR)
|
318,794
|
|||
|
3,523
|
Fresenius SE & Co. KGaA
(EUR)
|
196,055
|
|||
|
4,964
|
GEA Group AG (EUR)
|
366,290
|
|||
|
2,642
|
Heidelberg Materials AG (EUR)
|
594,159
|
|||
|
1,888
|
Henkel AG & Co. KGaA
(Preference Shares) (EUR)
|
152,281
|
|||
|
8,987
|
Hensoldt AG (EUR)
|
1,163,799
|
|||
|
4,418
|
HOCHTIEF AG (EUR)
|
1,181,591
|
|||
|
14,490
|
KION Group AG (EUR)
|
977,341
|
|||
|
1,106
|
Krones AG (EUR)
|
161,014
|
|||
|
12,801
|
Mercedes-Benz Group AG
(EUR)
|
803,604
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Germany (Continued)
|
|
|||
|
476
|
Muenchener
Rueckversicherungs-
Gesellschaft AG in Muenchen
(EUR)
|
$303,679
|
|||
|
526
|
Rheinmetall AG (EUR)
|
1,225,532
|
|||
|
21,008
|
RWE AG (EUR)
|
932,812
|
|||
|
1,440
|
Scout24 SE (EUR) (c) (d)
|
180,222
|
|||
|
7,731
|
Siemens Energy AG (EUR) (f)
|
902,396
|
|||
|
5,739
|
Talanx AG (EUR)
|
762,730
|
|||
|
73,297
|
thyssenkrupp AG (EUR)
|
1,004,687
|
|||
|
7,415
|
Volkswagen AG (Preference
Shares) (EUR)
|
800,568
|
|||
|
7,324
|
Wacker Chemie AG (EUR)
|
551,181
|
|||
|
|
|
23,997,503
|
|||
|
|
Greece — 4.7%
|
|
|||
|
315,313
|
Alpha Bank S.A. (EUR)
|
1,337,882
|
|||
|
112,474
|
Eurobank Ergasias Services and
Holdings S.A. (EUR)
|
433,390
|
|||
|
27,748
|
Hellenic Telecommunications
Organization S.A. (EUR)
|
525,152
|
|||
|
29,362
|
National Bank of Greece S.A.
(EUR)
|
426,253
|
|||
|
109,935
|
Piraeus Financial Holdings S.A.
(EUR)
|
931,108
|
|||
|
20,093
|
Public Power Corp. S.A. (EUR)
|
330,735
|
|||
|
|
|
3,984,520
|
|||
|
|
Ireland — 2.0%
|
|
|||
|
69,952
|
AIB Group PLC (EUR)
|
633,613
|
|||
|
25,585
|
Bank of Ireland Group PLC
(EUR)
|
420,985
|
|||
|
11,173
|
Ryanair Holdings PLC, ADR
|
672,838
|
|||
|
|
|
1,727,436
|
|||
|
|
Italy — 16.7%
|
|
|||
|
311,770
|
A2A S.p.A. (EUR)
|
815,159
|
|||
|
16,157
|
Azimut Holding S.p.A. (EUR)
|
624,655
|
|||
|
5,357
|
Banca Generali S.p.A. (EUR)
|
298,244
|
|||
|
18,660
|
Banca Mediolanum S.p.A.
(EUR)
|
373,529
|
|||
|
76,000
|
Banca Monte dei Paschi di Siena
S.p.A. (EUR)
|
672,780
|
|||
|
59,379
|
Banco BPM S.p.A. (EUR)
|
887,112
|
|||
|
57,728
|
BPER Banca S.p.A. (EUR)
|
639,532
|
|||
|
15,687
|
Buzzi S.p.A. (EUR)
|
861,196
|
|||
|
33,190
|
Credito Emiliano S.p.A. (EUR)
|
533,846
|
|||
|
18,506
|
Enel S.p.A. (EUR)
|
175,250
|
|||
|
38,813
|
Eni S.p.A. (EUR)
|
677,422
|
|||
|
7,625
|
FinecoBank Banca Fineco S.p.A
(EUR)
|
164,764
|
|||
|
8,569
|
Generali (EUR)
|
336,120
|
|||
|
34,684
|
Hera S.p.A. (EUR)
|
155,961
|
|||
|
Shares
|
Description
|
Value
|
|||
|
|
|||||
|
|
Italy (Continued)
|
|
|||
|
87,920
|
Intesa Sanpaolo S.p.A. (EUR)
|
$579,493
|
|||
|
41,820
|
Italgas S.p.A. (EUR)
|
384,690
|
|||
|
15,474
|
Leonardo S.p.A. (EUR)
|
981,398
|
|||
|
37,275
|
Lottomatica Group S.p.A. (EUR)
|
1,003,044
|
|||
|
16,071
|
Mediobanca Banca di Credito
Finanziario S.p.A. (EUR)
|
325,194
|
|||
|
56,489
|
Nexi S.p.A. (EUR) (c) (d)
|
319,402
|
|||
|
101,380
|
Pirelli & C S.p.A. (EUR) (c) (d)
|
689,634
|
|||
|
25,333
|
Poste Italiane S.p.A.
(EUR) (c) (d)
|
600,497
|
|||
|
64,800
|
Saipem S.p.A. (EUR)
|
186,925
|
|||
|
1,339,167
|
Telecom Italia S.p.A. (EUR) (f)
|
700,124
|
|||
|
8,078
|
UniCredit S.p.A. (EUR)
|
611,434
|
|||
|
28,275
|
Unipol Assicurazioni S.p.A.
(EUR)
|
606,166
|
|||
|
|
|
14,203,571
|
|||
|
|
Luxembourg — 1.5%
|
|
|||
|
20,965
|
ArcelorMittal S.A. (EUR)
|
752,697
|
|||
|
30,729
|
Tenaris S.A. (EUR)
|
548,017
|
|||
|
|
|
1,300,714
|
|||
|
|
Netherlands — 6.4%
|
|
|||
|
21,498
|
ABN AMRO Bank N.V.
(EUR) (c) (d)
|
687,785
|
|||
|
10,474
|
ASR Nederland N.V. (EUR)
|
710,523
|
|||
|
2,076
|
Euronext N.V. (EUR) (c) (d)
|
310,516
|
|||
|
7,712
|
ING Groep N.V. (EUR)
|
199,874
|
|||
|
27,618
|
Iveco Group N.V. (EUR)
|
595,161
|
|||
|
4,014
|
Koninklijke Ahold Delhaize
N.V. (EUR)
|
162,351
|
|||
|
10,379
|
Koninklijke Vopak N.V. (EUR)
|
475,722
|
|||
|
2,705
|
NN Group N.V. (EUR)
|
190,231
|
|||
|
3,258
|
Prosus N.V. (EUR)
|
229,274
|
|||
|
34,684
|
STMicroelectronics N.V. (EUR)
|
971,193
|
|||
|
18,413
|
Technip Energies N.V. (EUR)
|
866,443
|
|||
|
|
|
5,399,073
|
|||
|
|
Portugal — 1.9%
|
|
|||
|
746,973
|
Banco Comercial Portugues
S.A., Class R (EUR)
|
660,546
|
|||
|
89,163
|
EDP S.A. (EUR)
|
422,602
|
|||
|
17,097
|
Galp Energia SGPS S.A. (EUR)
|
323,172
|
|||
|
7,078
|
Jeronimo Martins SGPS S.A.
(EUR)
|
172,016
|
|||
|
|
|
1,578,336
|
|||
|
|
Spain — 12.2%
|
|
|||
|
2,297
|
Acciona S.A. (EUR)
|
460,883
|
|||
|
10,521
|
ACS Actividades de
Construccion y Servicios S.A.
(EUR)
|
839,951
|
|||
|
44,236
|
Banco Bilbao Vizcaya
Argentaria S.A. (EUR)
|
848,625
|
|||
|
268,768
|
Banco de Sabadell S.A. (EUR)
|
1,041,308
|
|||
|
Shares
|
Description
|
Value
|
|||
|
COMMON STOCKS (a) (b) (Continued)
|
|||||
|
|
Spain (Continued)
|
|
|||
|
111,958
|
Banco Santander S.A. (EUR)
|
$1,166,440
|
|||
|
67,710
|
Bankinter S.A. (EUR)
|
1,065,632
|
|||
|
77,355
|
CaixaBank S.A. (EUR)
|
812,466
|
|||
|
5,663
|
Endesa S.A. (EUR)
|
180,910
|
|||
|
25,961
|
Indra Sistemas S.A. (EUR)
|
1,161,273
|
|||
|
4,722
|
Logista Integral S.A. (EUR)
|
160,218
|
|||
|
97,634
|
Mapfre S.A. (EUR)
|
461,949
|
|||
|
56,398
|
Repsol S.A. (EUR)
|
997,518
|
|||
|
406,617
|
Unicaja Banco S.A.
(EUR) (c) (d) (e)
|
1,112,319
|
|||
|
|
|
10,309,492
|
|||
|
|
Total Common Stocks
|
84,603,559
|
|||
|
|
(Cost $72,262,729)
|
|
|||
|
MONEY MARKET FUNDS — 0.1%
|
|||||
|
29,285
|
Dreyfus Government Cash
Management Fund,
Institutional Shares -
4.04% (g)
|
29,285
|
|||
|
|
(Cost $29,285)
|
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
REPURCHASE AGREEMENTS — 2.3%
|
|||||
|
$402,316
|
Bank of America Corp.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $402,363.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.63%, due 11/15/41 to
05/15/54. The value of the
collateral including accrued
interest is $410,362. (h)
|
402,316
|
|||
|
588,797
|
JPMorgan Chase & Co.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $588,866.
Collateralized by
U.S. Treasury Securities,
interest rates of 4.13% to
4.50%, due 12/31/31 to
05/31/32. The value of the
collateral including accrued
interest is $600,573. (h)
|
588,797
|
|||
|
Principal
Value
|
Description
|
Value
|
|||
|
|
|||||
|
$353,008
|
Mizuho Financial Group, Inc.,
4.20% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $353,049.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.75% to
4.38%, due 05/31/26 to
09/30/32. The value of the
collateral including accrued
interest is $360,068. (h)
|
$353,008
|
|||
|
633,250
|
RBC Dominion Securities, Inc.,
4.19% (g), dated 09/30/25,
due 10/01/25, with a maturity
value of $633,324.
Collateralized by
U.S. Treasury Securities,
interest rates of 0.00% to
4.75%, due 10/23/25 to
08/15/55. The value of the
collateral including accrued
interest is $645,915. (h)
|
633,250
|
|||
|
|
Total Repurchase Agreements
|
1,977,371
|
|||
|
|
(Cost $1,977,371)
|
|
|||
|
|
|||||
|
|
|||||
|
|
Total Investments — 102.1%
|
86,610,215
|
|||
|
|
(Cost $74,269,385)
|
|
|||
|
|
Net Other Assets and
Liabilities — (2.1)%
|
(1,792,885
)
|
|||
|
|
Net Assets — 100.0%
|
$84,817,330
|
|||
|
(a)
|
Portfolio securities are categorized based upon their country
of incorporation, which can be different from the country
categorization of the Fund’s underlying index. For a
breakdown of the portfolio securities by sector, please see the
Sector Allocation table.
|
|
(b)
|
Securities are issued in U.S. dollars unless otherwise
indicated in the security description.
|
|
(c)
|
This security is exempt from registration upon resale under
Rule 144A of the Securities Act of 1933, as amended (the
“1933 Act”) and may be resold in transactions exempt from
registration, normally to qualified institutional buyers. This
security is not restricted on the foreign exchange where it
trades freely without any additional registration.
|
|
(d)
|
This security may be resold to qualified foreign investors and
foreign institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
All or a portion of this security is on loan for securities
lending. The remaining contractual maturity of all of the
securities lending transactions is overnight and continuous.
The aggregate value of such securities is $1,867,599 and the
total value of the collateral held by the Fund, including for
securities sold and pending settlement, is $1,977,371.
|
|
(f)
|
Non-income producing security.
|
|
(g)
|
Rate shown reflects yield as of September 30, 2025.
|
|
(h)
|
This security serves as collateral for securities on loan.
|
|
Abbreviations throughout the Portfolio of Investments:
|
|
|
ADR
|
– American Depositary Receipt
|
|
EUR
|
– Euro
|
|
USD
|
– United States Dollar
|
|
Sector Allocation
|
% of Total
Investments
|
|
Financials
|
38.8%
|
|
Industrials
|
18.7
|
|
Consumer Discretionary
|
9.8
|
|
Energy
|
7.0
|
|
Materials
|
6.8
|
|
Utilities
|
6.2
|
|
Communication Services
|
3.1
|
|
Information Technology
|
2.8
|
|
Repurchase Agreements
|
2.3
|
|
All Other
|
4.5
|
|
Total
|
100.0%
|
|
Currency Exposure Diversification
|
% of Total
Investments
|
|
EUR
|
96.9%
|
|
USD
|
3.1
|
|
Total
|
100.0%
|
|
|
Total
Value at
9/30/2025
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Common Stocks*
|
$ 84,603,559
|
$ 84,603,559
|
$ —
|
$ —
|
|
Money Market Funds
|
29,285
|
29,285
|
—
|
—
|
|
Repurchase Agreements
|
1,977,371
|
—
|
1,977,371
|
—
|
|
Total Investments
|
$86,610,215
|
$84,632,844
|
$1,977,371
|
$—
|
|
*
|
See Portfolio of Investments for country breakout.
|