Holdings of the Fund as of 12/22/2025
Total Number of Holdings (excluding cash): 30
| ABN AMRO Group N.V. |
ABN.NA |
N0162C102 |
Financials |
1,013,906 |
$35,278,746.50 |
5.10% |
| Aker BP ASA |
AKRBP.NO |
R0139K100 |
Energy |
1,352,143 |
$33,601,277.09 |
4.86% |
| Legal & General Group Plc |
LGEN.LN |
G54404127 |
Financials |
8,984,947 |
$31,002,586.63 |
4.48% |
| Rio Tinto Plc |
RIO.LN |
G75754104 |
Materials |
360,579 |
$28,780,129.38 |
4.16% |
| NN Group N.V. |
NN.NA |
N64038107 |
Financials |
372,496 |
$28,654,223.65 |
4.14% |
| A.P. Moeller - Maersk A/S (Class A) |
MAERSKA.DC |
K0514G135 |
Industrials |
12,340 |
$28,137,006.57 |
4.07% |
| ORLEN SA |
PKN.PW |
X6922W204 |
Energy |
1,028,604 |
$27,200,274.65 |
3.93% |
| Taylor Wimpey Plc |
TW/.LN |
G86954107 |
Consumer Discretionary |
19,255,324 |
$26,845,714.99 |
3.88% |
| HSBC Holdings Plc |
HSBA.LN |
G4634U169 |
Financials |
1,685,429 |
$26,474,034.40 |
3.83% |
| Investec Plc |
INVP.LN |
G49188116 |
Financials |
3,529,612 |
$26,029,864.91 |
3.76% |
| Rubis SCA |
RUI.FP |
F7686C152 |
Utilities |
672,497 |
$25,249,280.36 |
3.65% |
| ING Groep N.V. |
INGA.NA |
N4578E595 |
Financials |
876,672 |
$24,650,291.17 |
3.56% |
| Poste Italiane SpA |
PST.IM |
T7S697106 |
Financials |
963,289 |
$24,413,446.84 |
3.53% |
| Bayerische Motoren Werke AG (Preference) |
BMW3.GY |
D12096125 |
Consumer Discretionary |
222,704 |
$24,110,787.17 |
3.49% |
| IG Group Holdings Plc |
IGG.LN |
G4753Q106 |
Financials |
1,334,293 |
$23,343,122.46 |
3.38% |
| Natwest Group Plc |
NWG.LN |
G6422B147 |
Financials |
2,652,064 |
$23,055,837.76 |
3.33% |
| Signify NV |
LIGHT.NA |
N8063K107 |
Industrials |
934,966 |
$22,574,596.63 |
3.26% |
| Volkswagen AG (Preference Shares) |
VOW3.GY |
D94523103 |
Consumer Discretionary |
181,638 |
$22,237,692.87 |
3.22% |
| ASR Nederland N.V. |
ASRNL.NA |
N0709G103 |
Financials |
305,898 |
$21,812,366.43 |
3.15% |
| Orange |
ORA.FP |
F6866T100 |
Communication Services |
1,255,252 |
$20,547,068.60 |
2.97% |
| Snam SpA |
SRG.IM |
T8578N103 |
Utilities |
3,070,881 |
$20,280,023.98 |
2.93% |
| AL Sydbank A/S |
ALSYDB.DC |
K9419V113 |
Financials |
228,960 |
$20,068,234.11 |
2.90% |
| BNP Paribas S.A. |
BNP.FP |
F1058Q238 |
Financials |
204,670 |
$19,307,363.42 |
2.79% |
| Credit Agricole S.A. |
ACA.FP |
F22797108 |
Financials |
929,553 |
$19,182,214.08 |
2.77% |
| Endesa, S.A. |
ELE.SM |
E41222113 |
Utilities |
523,556 |
$18,924,830.70 |
2.74% |
| Mercedes-Benz Group AG |
MBG.GY |
D1668R123 |
Consumer Discretionary |
270,766 |
$18,918,934.47 |
2.74% |
| Ageas S.A./N.V. |
AGS.BB |
B0148L138 |
Financials |
243,385 |
$17,151,682.90 |
2.48% |
| Allianz SE |
ALV.GY |
D03080112 |
Financials |
30,090 |
$13,808,793.59 |
2.00% |
| Zurich Insurance Group AG |
ZURN.SW |
H9870Y105 |
Financials |
14,948 |
$11,288,130.26 |
1.63% |
| Holcim Limited |
HOLN.SW |
H3816Q102 |
Materials |
94,455 |
$9,200,463.09 |
1.33% |
| Pound Sterling |
$GBP |
|
Other |
358,935 |
$483,161.95 |
0.07% |
| US Dollar |
$USD |
|
Other |
-982,289 |
($982,288.93) |
-0.14% |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
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