Holdings of the Fund as of 12/31/2025
Total Number of Holdings (excluding cash): 150
| Hochtief AG |
HOT.GY |
D33134103 |
Industrials |
3,595 |
$1,423,771.21 |
1.55% |
| Nordex SE |
NDX1.GY |
D5736K135 |
Industrials |
37,562 |
$1,285,439.06 |
1.40% |
| ArcelorMittal |
MT.NA |
L0302D210 |
Materials |
26,733 |
$1,228,074.70 |
1.33% |
| ACS, Actividades de Construccion y Servicios, S.A. |
ACS.SM |
E7813W163 |
Industrials |
12,022 |
$1,198,781.39 |
1.30% |
| Banco Bilbao Vizcaya Argentaria, S.A. |
BBVA.SM |
E11805103 |
Financials |
50,030 |
$1,178,843.87 |
1.28% |
| UNIQUA Insurance Group AG |
UQA.AV |
A90015131 |
Financials |
64,782 |
$1,176,996.73 |
1.28% |
| RWE AG |
RWE.GY |
D6629K109 |
Utilities |
21,652 |
$1,151,659.18 |
1.25% |
| Aurubis AG |
NDA.GY |
D10004105 |
Materials |
7,710 |
$1,125,349.39 |
1.22% |
| Deutsche Lufthansa AG |
LHA.GY |
D1908N106 |
Industrials |
113,604 |
$1,122,262.41 |
1.22% |
| Vienna Insurance Group AG |
VIG.AV |
A9142L128 |
Financials |
13,983 |
$1,104,284.68 |
1.20% |
| Commerzbank AG |
CBK.GY |
D172W1279 |
Financials |
25,518 |
$1,082,593.08 |
1.18% |
| Volkswagen AG (Preference Shares) |
VOW3.GY |
D94523103 |
Consumer Discretionary |
8,905 |
$1,083,666.00 |
1.18% |
| Mercedes-Benz Group AG |
MBG.GY |
D1668R123 |
Consumer Discretionary |
15,314 |
$1,081,079.63 |
1.17% |
| thyssenkrupp AG |
TKA.GY |
D8398Q119 |
Materials |
99,024 |
$1,079,242.34 |
1.17% |
| Buzzi Unicem SpA |
BZU.IM |
T2320M109 |
Materials |
17,512 |
$1,070,164.42 |
1.16% |
| Bayerische Motoren Werke (BMW) AG |
BMW.GY |
D12096109 |
Consumer Discretionary |
9,584 |
$1,049,045.79 |
1.14% |
| Tenaris S.A. |
TEN.IM |
L90272136 |
Energy |
53,908 |
$1,045,951.89 |
1.14% |
| TotalEnergies SE |
TTE.FP |
F92124100 |
Energy |
15,803 |
$1,032,399.11 |
1.12% |
| Mapfre S.A. |
MAP.SM |
E7347B107 |
Financials |
202,852 |
$1,020,792.26 |
1.11% |
| Sanofi |
SAN.FP |
F5548N101 |
Health Care |
10,407 |
$1,011,690.08 |
1.10% |
| A2A S.p.A. |
A2A.IM |
T0579B105 |
Utilities |
367,694 |
$998,182.48 |
1.08% |
| Maire Tecnimont SpA |
MAIRE.IM |
T6388T112 |
Industrials |
64,988 |
$996,678.52 |
1.08% |
| Prysmian SpA |
PRY.IM |
T7630L105 |
Industrials |
9,727 |
$987,423.66 |
1.07% |
| Pirelli & C. SpA |
PIRC.IM |
T76434264 |
Consumer Discretionary |
141,328 |
$972,614.43 |
1.06% |
| Alpha Bank S.A. |
ALPHA.GA |
X0085P163 |
Financials |
226,202 |
$951,679.87 |
1.03% |
| Arkema S.A. |
AKE.FP |
F0392W125 |
Materials |
15,252 |
$934,743.62 |
1.02% |
| Koninklijke Vopak N.V. |
VPK.NA |
N5075T159 |
Energy |
20,940 |
$932,176.32 |
1.01% |
| Siemens Energy AG |
ENR.GY |
D6T47E106 |
Industrials |
6,589 |
$932,303.69 |
1.01% |
| Wartsila Oyj Abp |
WRT1V.FH |
X98155116 |
Industrials |
25,740 |
$919,588.52 |
1.00% |
| KION Group AG |
KGX.GY |
D4S14D103 |
Industrials |
11,403 |
$914,604.21 |
0.99% |
| AUTO1 Group SE |
AG1.GY |
D0R06D102 |
Consumer Discretionary |
28,236 |
$905,893.70 |
0.98% |
| Colruyt Group N.V. |
COLR.BB |
B26882231 |
Consumer Staples |
24,388 |
$902,813.73 |
0.98% |
| Bouygues S.A. |
EN.FP |
F11487125 |
Industrials |
17,067 |
$889,533.33 |
0.97% |
| Unipol Gruppo Finanziario SpA |
UNI.IM |
T9532W106 |
Financials |
35,876 |
$867,260.82 |
0.94% |
| Dr. Ing. h.c. F. Porsche AG |
P911.GY |
D2R3HA114 |
Consumer Discretionary |
15,869 |
$850,778.02 |
0.92% |
| Schaeffler AG |
SHA0.GR |
D6T0B6155 |
Consumer Discretionary |
86,575 |
$850,570.26 |
0.92% |
| Acciona, S.A. |
ANA.SM |
E0008Z109 |
Utilities |
3,827 |
$836,082.76 |
0.91% |
| Eni SpA |
ENI.IM |
T3643A145 |
Energy |
44,066 |
$835,831.19 |
0.91% |
| OMV AG |
OMV.AV |
A51460110 |
Energy |
14,423 |
$805,459.00 |
0.88% |
| Repsol, S.A. |
REP.SM |
E8471S130 |
Energy |
43,412 |
$812,457.53 |
0.88% |
| Amundi SA |
AMUN.FP |
F0300Q103 |
Financials |
9,703 |
$805,048.69 |
0.87% |
| Banco BPM SpA |
BAMI.IM |
T1708N101 |
Financials |
51,480 |
$787,700.18 |
0.86% |
| United Internet AG (Registered Shares) |
UTDI.GY |
D8542B125 |
Communication Services |
24,389 |
$793,362.18 |
0.86% |
| Klepierre |
LI.FP |
F5396X102 |
Real Estate |
19,722 |
$782,001.22 |
0.85% |
| Technip Energies N.V. |
TE.FP |
N8486R101 |
Energy |
20,397 |
$778,562.93 |
0.85% |
| UCB S.A. |
UCB.BB |
B93562120 |
Health Care |
2,783 |
$780,360.11 |
0.85% |
| Elis SA |
ELIS.FP |
F2976F106 |
Industrials |
26,715 |
$761,653.42 |
0.83% |
| Saipem SpA |
SPM.IM |
T82000257 |
Energy |
266,619 |
$759,826.17 |
0.83% |
| Merlin Properties SOCIMI, S.A. |
MRL.SM |
E7390Z100 |
Real Estate |
50,934 |
$744,029.79 |
0.81% |
| Indra Sistemas, S.A. |
IDR.SM |
E6271Z155 |
Information Technology |
12,874 |
$734,386.51 |
0.80% |
| Erste Group Bank AG |
EBS.AV |
A19494102 |
Financials |
5,905 |
$714,079.70 |
0.78% |
| Ryanair Holdings Plc (ADR) |
RYAAY |
783513203 |
Industrials |
9,929 |
$716,774.51 |
0.78% |
| Voestalpine AG |
VOE.AV |
A9101Y103 |
Materials |
16,172 |
$718,020.91 |
0.78% |
| Compagnie Generale des Etablissements Michelin |
ML.FP |
F61824870 |
Consumer Discretionary |
21,414 |
$712,441.31 |
0.77% |
| DHL Group |
DHL.GY |
D19225107 |
Industrials |
12,950 |
$711,175.78 |
0.77% |
| Engie S.A. |
ENGI.FP |
F7629A107 |
Utilities |
26,869 |
$707,627.60 |
0.77% |
| LEG Immobilien SE |
LEG.GY |
D4960A103 |
Real Estate |
9,677 |
$707,931.94 |
0.77% |
| Continental AG |
CON.GY |
D16212140 |
Consumer Discretionary |
8,755 |
$699,231.43 |
0.76% |
| Evonik Industries AG |
EVK.GY |
D2R90Y117 |
Materials |
44,352 |
$696,355.61 |
0.76% |
| Fresenius Medical Care AG |
FME.GY |
D2734Z107 |
Health Care |
14,668 |
$702,613.47 |
0.76% |
| Leonardo SpA |
LDO.IM |
T6S996112 |
Industrials |
12,126 |
$700,552.75 |
0.76% |
| Societe Generale S.A. |
GLE.FP |
F8591M517 |
Financials |
8,703 |
$702,851.45 |
0.76% |
| Nexi SpA |
NEXI.IM |
T6S18J104 |
Financials |
136,022 |
$674,739.18 |
0.73% |
| TUI AG |
TUI1.GY |
D8484K455 |
Consumer Discretionary |
63,460 |
$670,009.90 |
0.73% |
| Grifols, S.A. |
GRF.SM |
E5706X215 |
Health Care |
53,062 |
$667,234.98 |
0.72% |
| Telecom Italia SpA |
TIT.IM |
T92778108 |
Communication Services |
1,103,332 |
$666,210.89 |
0.72% |
| Banco Santander S.A. |
SAN.SM |
E19790109 |
Financials |
55,273 |
$654,114.71 |
0.71% |
| Eiffage SA |
FGR.FP |
F2924U106 |
Industrials |
4,512 |
$649,025.73 |
0.71% |
| Carrefour S.A. |
CA.FP |
F13923119 |
Consumer Staples |
38,038 |
$636,112.60 |
0.69% |
| Deutsche Bank AG |
DBK.GY |
D18190898 |
Financials |
16,405 |
$638,332.32 |
0.69% |
| Krones AG |
KRN.GY |
D47441171 |
Industrials |
3,962 |
$632,303.62 |
0.69% |
| Aroundtown S.A. |
AT1.GY |
L0269F109 |
Real Estate |
200,700 |
$624,563.74 |
0.68% |
| Puig Brands SA (Class B) |
PUIG.SM |
E8S64T107 |
Consumer Staples |
35,855 |
$626,573.63 |
0.68% |
| Hellenic Telecommunications Organization S.A. |
HTO.GA |
X3258B102 |
Communication Services |
30,479 |
$603,906.53 |
0.66% |
| Hera SpA |
HER.IM |
T5250M106 |
Utilities |
128,280 |
$606,033.20 |
0.66% |
| Rheinmetall AG |
RHM.GY |
D65111102 |
Industrials |
330 |
$605,380.27 |
0.66% |
| Eurobank S.A. |
EUROB.GA |
X2379U106 |
Financials |
149,450 |
$601,544.69 |
0.65% |
| Banco de Sabadell, S.A. |
SAB.SM |
E15819191 |
Financials |
148,635 |
$587,783.75 |
0.64% |
| Henkel AG & Co. KGaA (Preference) |
HEN3.GY |
D3207M110 |
Consumer Staples |
7,151 |
$584,739.73 |
0.64% |
| RENK Group AG |
R3NK.GY |
D6S2UZ108 |
Industrials |
9,347 |
$588,993.45 |
0.64% |
| Fincantieri SpA |
FCT.IM |
T4R92H129 |
Industrials |
29,323 |
$575,488.02 |
0.63% |
| Nexans S.A. |
NEX.FP |
F65277109 |
Industrials |
3,893 |
$575,541.25 |
0.63% |
| Talanx AG |
TLX.GY |
D82827110 |
Financials |
4,341 |
$580,555.11 |
0.63% |
| Verbund AG |
VER.AV |
A91460104 |
Utilities |
7,938 |
$578,381.22 |
0.63% |
| Deutsche Telekom AG |
DTE.GY |
D2035M136 |
Communication Services |
16,936 |
$550,521.69 |
0.60% |
| Fraport AG Frankfurt Airport Services Worldwide |
FRA.GY |
D3856U108 |
Industrials |
6,680 |
$549,130.53 |
0.60% |
| Legrand S.A. |
LR.FP |
F56196185 |
Industrials |
3,489 |
$521,759.27 |
0.57% |
| Hensoldt AG |
HAG.GY |
D3R14P109 |
Industrials |
5,939 |
$512,295.81 |
0.56% |
| Prosus N.V. |
PRX.NA |
N7163R103 |
Consumer Discretionary |
8,183 |
$508,240.14 |
0.55% |
| Public Power Corporation S.A. (PPC) |
PPC.GA |
X7023M103 |
Utilities |
23,324 |
$498,868.20 |
0.54% |
| BPER Banca SpA |
BPE.IM |
T1325T119 |
Financials |
34,712 |
$473,204.68 |
0.51% |
| Sodexo S.A. |
SW.FP |
F84941123 |
Consumer Discretionary |
9,160 |
$470,422.76 |
0.51% |
| AIB Group Plc |
AIBG.ID |
G0R4HJ106 |
Financials |
42,385 |
$458,259.44 |
0.50% |
| Banco Comercial Portugues, S.A. |
BCP.PL |
X03188319 |
Financials |
434,144 |
$457,246.25 |
0.50% |
| Unicaja Banco SA |
UNI.SM |
E92589105 |
Financials |
140,342 |
$458,174.93 |
0.50% |
| Banca Mediolanum SpA |
BMED.IM |
T1R88K108 |
Financials |
19,210 |
$439,546.42 |
0.48% |
| Capgemini SE |
CAP.FP |
F4973Q101 |
Information Technology |
2,647 |
$442,504.42 |
0.48% |
| Credito Emiliano SpA |
CE.IM |
T3243Z136 |
Financials |
23,908 |
$429,316.92 |
0.47% |
| Merck KGaA |
MRK.GY |
D5357W103 |
Health Care |
2,993 |
$431,229.64 |
0.47% |
| ABN AMRO Group N.V. |
ABN.NA |
N0162C102 |
Financials |
12,000 |
$420,110.15 |
0.46% |
| Allianz SE |
ALV.GY |
D03080112 |
Financials |
917 |
$420,825.24 |
0.46% |
| ASML Holding N.V. |
ASML.NA |
N07059202 |
Information Technology |
395 |
$427,717.20 |
0.46% |
| Snam SpA |
SRG.IM |
T8578N103 |
Utilities |
63,998 |
$425,389.94 |
0.46% |
| UniCredit SpA |
UCG.IM |
T9T23L642 |
Financials |
5,080 |
$423,393.17 |
0.46% |
| Daimler Truck Holding AG |
DTG.GY |
D1T3RZ100 |
Industrials |
9,353 |
$410,207.85 |
0.45% |
| ING Groep N.V. |
INGA.NA |
N4578E595 |
Financials |
14,813 |
$417,971.42 |
0.45% |
| Ackermans & van Haaren NV |
ACKB.BB |
B01165156 |
Industrials |
1,500 |
$408,969.27 |
0.44% |
| ASR Nederland N.V. |
ASRNL.NA |
N0709G103 |
Financials |
5,659 |
$403,150.34 |
0.44% |
| Bankinter, S.A. |
BKT.SM |
E2116H880 |
Financials |
24,394 |
$405,792.77 |
0.44% |
| Credit Agricole S.A. |
ACA.FP |
F22797108 |
Financials |
19,557 |
$403,358.10 |
0.44% |
| Poste Italiane SpA |
PST.IM |
T7S697106 |
Financials |
16,223 |
$409,521.64 |
0.44% |
| Koninklijke Ahold Delhaize N.V. |
AD.NA |
N0074E105 |
Consumer Staples |
9,492 |
$388,974.47 |
0.42% |
| Aegon Ltd. |
AGN.NA |
G0112X105 |
Financials |
47,863 |
$373,490.38 |
0.41% |
| Lottomatica Group SpA |
LTMC.IM |
T64384109 |
Consumer Discretionary |
14,290 |
$376,176.50 |
0.41% |
| Compagnie de Saint-Gobain S.A. |
SGO.FP |
F80343100 |
Industrials |
3,568 |
$364,632.88 |
0.40% |
| Sol SpA |
SOL.IM |
T8711D103 |
Materials |
6,460 |
$371,617.90 |
0.40% |
| Galp Energia, SGPS, S.A. |
GALP.PL |
X3078L108 |
Energy |
20,310 |
$349,193.11 |
0.38% |
| MTU Aero Engines AG |
MTX.GY |
D5565H104 |
Industrials |
838 |
$349,905.40 |
0.38% |
| Piraeus Bank S.A. |
TPEIR.GA |
X5S2FJ101 |
Financials |
43,890 |
$350,431.02 |
0.38% |
| Pernod Ricard S.A. |
RI.FP |
F72027109 |
Consumer Staples |
3,914 |
$336,240.18 |
0.37% |
| Raiffeisen Bank International AG |
RBI.AV |
A7111G104 |
Financials |
5,582 |
$251,246.50 |
0.27% |
| Neste Oyj |
NESTE.FH |
X5688A109 |
Energy |
10,508 |
$239,693.91 |
0.26% |
| Italgas SpA |
IG.IM |
T6R89Z103 |
Utilities |
20,903 |
$233,737.75 |
0.25% |
| Rexel SA |
RXL.FP |
F7782J366 |
Industrials |
5,873 |
$231,836.29 |
0.25% |
| argenx SE |
ARGX.BB |
N0610Q109 |
Health Care |
265 |
$223,231.40 |
0.24% |
| CaixaBank, S.A. |
CABK.SM |
E2427M123 |
Financials |
18,276 |
$224,337.06 |
0.24% |
| Heidelberg Materials AG |
HEI.GY |
D31709104 |
Materials |
854 |
$223,807.24 |
0.24% |
| Stora Enso Oyj (Class R) |
STERV.FH |
X8T9CM113 |
Materials |
17,542 |
$220,687.27 |
0.24% |
| Enel SpA |
ENEL.IM |
T3679P115 |
Utilities |
20,304 |
$211,816.25 |
0.23% |
| KBC Ancora SCA |
KBCA.BB |
B5341G109 |
Financials |
2,426 |
$208,980.70 |
0.23% |
| Publicis Groupe |
PUB.FP |
F7607Z165 |
Communication Services |
2,002 |
$208,500.56 |
0.23% |
| BNP Paribas S.A. |
BNP.FP |
F1058Q238 |
Financials |
2,114 |
$200,712.31 |
0.22% |
| Brembo N.V. |
BRE.IM |
N1R19A100 |
Consumer Discretionary |
18,228 |
$201,683.69 |
0.22% |
| Fresenius SE & Co. KGaA |
FRE.GY |
D27348263 |
Health Care |
3,455 |
$198,874.11 |
0.22% |
| Heineken Holding N.V. |
HEIO.NA |
N39338194 |
Consumer Staples |
2,802 |
$205,477.44 |
0.22% |
| SPIE S.A. |
SPIE.FP |
F8691R101 |
Industrials |
3,570 |
$206,668.39 |
0.22% |
| Warehouses de Pauw SCA |
WDP.BB |
B9T59Z100 |
Real Estate |
7,683 |
$199,722.67 |
0.22% |
| Airbus SE |
AIR.FP |
N0280G100 |
Industrials |
828 |
$193,056.05 |
0.21% |
| E.ON SE |
EOAN.GY |
D24914133 |
Utilities |
10,226 |
$193,783.56 |
0.21% |
| Eurofins Scientific SE |
ERF.FP |
L31839134 |
Health Care |
2,646 |
$194,037.58 |
0.21% |
| Orange |
ORA.FP |
F6866T100 |
Communication Services |
11,839 |
$197,567.16 |
0.21% |
| Safran S.A. |
SAF.FP |
F4035A557 |
Industrials |
545 |
$190,479.78 |
0.21% |
| Brenntag SE |
BNR.GY |
D12459117 |
Industrials |
3,217 |
$187,367.31 |
0.20% |
| DSM-Firmenich AG |
DSFIR.NA |
H0245V108 |
Materials |
2,255 |
$182,219.07 |
0.20% |
| EDP - Energias de Portugal, S.A. |
EDP.PL |
X67925119 |
Utilities |
40,500 |
$186,336.62 |
0.20% |
| Gecina S.A. |
GFC.FP |
F4268U171 |
Real Estate |
1,917 |
$182,256.09 |
0.20% |
| Jumbo S.A. |
BELA.GA |
X4114P111 |
Consumer Discretionary |
5,595 |
$183,449.16 |
0.20% |
| SCOR SE |
SCR.FP |
F15561677 |
Financials |
5,450 |
$184,074.94 |
0.20% |
| Thales S.A. |
HO.FP |
F9156M108 |
Industrials |
613 |
$165,547.23 |
0.18% |
| VusionGroup S.A. |
VU.FP |
F8333P109 |
Information Technology |
641 |
$153,824.38 |
0.17% |
| Euro |
$EUR |
|
Other |
26,451 |
$31,066.93 |
0.03% |
| US Dollar |
$USD |
|
Other |
-3,883 |
($3,882.58) |
0.00% |
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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