Holdings of the Fund as of 12/16/2025
Total Number of Holdings (excluding cash): 97
| Kohl's Corporation |
KSS |
500255104 |
Consumer Discretionary |
1,729,519 |
$39,692,461.05 |
4.02% |
| Kiwoom Securities Co., Ltd. |
039490.KS |
Y4801C109 |
Financials |
94,595 |
$17,963,448.59 |
1.82% |
| Phoenix Group Holdings Plc |
PHNX.LN |
G7S8MZ109 |
Financials |
1,870,380 |
$17,477,133.53 |
1.77% |
| Enagas S.A. |
ENG.SM |
E41759106 |
Utilities |
1,065,145 |
$16,817,291.12 |
1.70% |
| Spark New Zealand Limited |
SPK.NZ |
Q8619N107 |
Communication Services |
11,887,161 |
$15,892,121.56 |
1.61% |
| Samsung Securities Co., Ltd. |
016360.KS |
Y7486Y106 |
Financials |
283,211 |
$15,127,800.48 |
1.53% |
| A.P. Moeller - Maersk A/S (Class A) |
MAERSKA.DC |
K0514G135 |
Industrials |
6,282 |
$14,440,449.73 |
1.46% |
| Italgas SpA |
IG.IM |
T6R89Z103 |
Utilities |
1,331,946 |
$14,442,299.95 |
1.46% |
| Peyto Exploration & Development Corp. |
PEY.CN |
717046106 |
Energy |
878,114 |
$13,889,985.30 |
1.41% |
| British American Tobacco p.l.c. |
BATS.LN |
G1510J102 |
Consumer Staples |
241,342 |
$13,861,326.82 |
1.40% |
| BCE Inc. |
BCE.CN |
05534B760 |
Communication Services |
584,235 |
$13,628,538.40 |
1.38% |
| Henderson Land Development Company Limited |
12.HK |
Y31476107 |
Real Estate |
3,626,195 |
$13,589,685.08 |
1.38% |
| Woori Financial Group Inc. |
316140.KS |
Y972JZ105 |
Financials |
735,002 |
$13,609,260.27 |
1.38% |
| Aberdeen Group PLC |
ABDN.LN |
G0152L102 |
Financials |
4,907,518 |
$13,038,835.83 |
1.32% |
| Fortescue Ltd. |
FMG.AU |
Q39360104 |
Materials |
875,281 |
$12,831,650.05 |
1.30% |
| Laurentian Bank of Canada |
LB.CN |
51925D106 |
Financials |
437,119 |
$12,697,468.90 |
1.29% |
| Repsol, S.A. |
REP.SM |
E8471S130 |
Energy |
708,954 |
$12,771,734.53 |
1.29% |
| CaixaBank, S.A. |
CABK.SM |
E2427M123 |
Financials |
1,052,635 |
$12,563,757.83 |
1.27% |
| NN Group N.V. |
NN.NA |
N64038107 |
Financials |
166,151 |
$12,527,104.88 |
1.27% |
| Labrador Iron Ore Royalty Corp. |
LIF.CN |
505440107 |
Materials |
554,099 |
$12,216,639.83 |
1.24% |
| Mapfre S.A. |
MAP.SM |
E7347B107 |
Financials |
2,504,472 |
$12,268,748.89 |
1.24% |
| OneMain Holdings, Inc. |
OMF |
68268W103 |
Financials |
180,380 |
$12,220,745.00 |
1.24% |
| Bayerische Motoren Werke AG (Preference) |
BMW3.GY |
D12096125 |
Consumer Discretionary |
110,360 |
$11,992,271.94 |
1.21% |
| GS Holdings |
078930.KS |
Y2901P103 |
Industrials |
315,359 |
$11,913,190.76 |
1.21% |
| Volkswagen AG (Preference Shares) |
VOW3.GY |
D94523103 |
Consumer Discretionary |
95,130 |
$11,924,219.44 |
1.21% |
| Hyundai Motor Company (2nd Preference) |
005387.KS |
Y38472224 |
Consumer Discretionary |
84,180 |
$11,711,416.19 |
1.19% |
| PCCW Limited |
8.HK |
Y6802P120 |
Communication Services |
15,556,491 |
$11,775,996.09 |
1.19% |
| Sino Land Company Limited |
83.HK |
Y80267126 |
Real Estate |
8,565,971 |
$11,394,300.40 |
1.15% |
| Swire Properties Limited |
1972.HK |
Y83191109 |
Real Estate |
4,102,593 |
$11,135,842.17 |
1.13% |
| Legal & General Group Plc |
LGEN.LN |
G54404127 |
Financials |
3,228,877 |
$10,954,381.56 |
1.11% |
| Ford Motor Company |
F |
345370860 |
Consumer Discretionary |
790,483 |
$10,805,902.61 |
1.09% |
| Hana Financial Group Inc. |
086790.KS |
Y29975102 |
Financials |
171,574 |
$10,721,161.69 |
1.09% |
| DB Insurance Co., Ltd. |
005830.KS |
Y2096K109 |
Financials |
127,291 |
$10,659,972.05 |
1.08% |
| Hang Seng Bank Limited |
11.HK |
Y30327103 |
Financials |
543,557 |
$10,716,208.87 |
1.08% |
| Eni SpA |
ENI.IM |
T3643A145 |
Energy |
579,345 |
$10,617,197.59 |
1.07% |
| Bankinter, S.A. |
BKT.SM |
E2116H880 |
Financials |
635,414 |
$10,457,863.23 |
1.06% |
| OMV AG |
OMV.AV |
A51460110 |
Energy |
192,269 |
$10,435,164.11 |
1.06% |
| Sirius Real Estate Ltd. |
SRE.LN |
G8187C104 |
Real Estate |
8,434,675 |
$10,440,718.57 |
1.06% |
| The Bank of Nova Scotia |
BNS.CN |
064149107 |
Financials |
143,735 |
$10,471,500.67 |
1.06% |
| Chow Tai Fook Jewellery Group Limited |
1929.HK |
G21146108 |
Consumer Discretionary |
6,500,663 |
$10,351,413.96 |
1.05% |
| LG Uplus Corp. |
032640.KS |
Y5293P102 |
Communication Services |
991,876 |
$10,226,945.78 |
1.04% |
| Poste Italiane SpA |
PST.IM |
T7S697106 |
Financials |
419,562 |
$10,261,832.35 |
1.04% |
| Carrefour S.A. |
CA.FP |
F13923119 |
Consumer Staples |
598,792 |
$10,094,293.57 |
1.02% |
| Kia Corporation |
000270.KS |
Y47601102 |
Consumer Discretionary |
122,960 |
$10,055,865.54 |
1.02% |
| Industrial Bank of Korea (IBK) |
024110.KS |
Y3994L108 |
Financials |
710,226 |
$9,977,077.33 |
1.01% |
| Aperam S.A. |
APAM.NA |
L0187K107 |
Materials |
239,310 |
$9,884,569.43 |
1.00% |
| ASR Nederland N.V. |
ASRNL.NA |
N0709G103 |
Financials |
140,080 |
$9,794,608.87 |
0.99% |
| BOC Hong Kong (Holdings) Limited |
2388.HK |
Y0920U103 |
Financials |
1,966,765 |
$9,630,485.09 |
0.97% |
| iM Financial Group Co., Inc. |
139130.KS |
Y2058E109 |
Financials |
997,442 |
$9,575,303.50 |
0.97% |
| LOGISTA INTEGRAL SA |
LOG.SM |
E0304S106 |
Industrials |
284,049 |
$9,603,556.54 |
0.97% |
| Mercedes-Benz Group AG |
MBG.GY |
D1668R123 |
Consumer Discretionary |
134,510 |
$9,564,742.68 |
0.97% |
| Porsche Automobil Holding SE |
PAH3.GY |
D6240C122 |
Consumer Discretionary |
200,468 |
$9,540,153.03 |
0.97% |
| BNK Financial Group Inc. |
138930.KS |
Y0R7ZV102 |
Financials |
911,498 |
$9,453,729.13 |
0.96% |
| Fortum Oyj |
FORTUM.FH |
X2978Z118 |
Utilities |
444,935 |
$9,437,177.28 |
0.96% |
| The Western Union Company |
WU |
959802109 |
Financials |
973,214 |
$9,352,586.54 |
0.95% |
| Altria Group, Inc. |
MO |
02209S103 |
Consumer Staples |
156,284 |
$9,272,329.72 |
0.94% |
| KT&G Corporation |
033780.KS |
Y49904108 |
Consumer Staples |
91,871 |
$9,329,500.05 |
0.94% |
| Ageas S.A./N.V. |
AGS.BB |
B0148L138 |
Financials |
131,169 |
$8,975,841.62 |
0.91% |
| DNB Bank ASA |
DNB.NO |
R1R15X100 |
Financials |
328,367 |
$8,846,109.91 |
0.90% |
| Japan Tobacco, Inc. |
2914.JP |
J27869106 |
Consumer Staples |
237,070 |
$8,913,016.26 |
0.90% |
| First Interstate BancSystem, Inc. |
FIBK |
32055Y201 |
Financials |
247,120 |
$8,790,058.40 |
0.89% |
| BOC Aviation Limited |
2588.HK |
Y09292106 |
Industrials |
923,136 |
$8,648,960.89 |
0.88% |
| Rio Tinto Plc |
RIO.LN |
G75754104 |
Materials |
115,006 |
$8,743,758.97 |
0.88% |
| Franklin Resources, Inc. |
BEN |
354613101 |
Financials |
365,057 |
$8,567,887.79 |
0.87% |
| IGM Financial Inc. |
IGM.CN |
449586106 |
Financials |
190,217 |
$8,626,930.72 |
0.87% |
| Investec Plc |
INVP.LN |
G49188116 |
Financials |
1,203,861 |
$8,622,672.43 |
0.87% |
| Canadian Imperial Bank of Commerce |
CM.CN |
136069101 |
Financials |
91,166 |
$8,490,004.69 |
0.86% |
| CK Hutchison Holdings Limited |
1.HK |
G21765105 |
Industrials |
1,216,750 |
$8,381,791.61 |
0.85% |
| Power Corporation of Canada |
POW.CN |
739239101 |
Financials |
158,454 |
$8,394,668.77 |
0.85% |
| Telia Company AB |
TELIA.SS |
W95890104 |
Communication Services |
2,050,231 |
$8,371,353.96 |
0.85% |
| Stella International Holdings Limited |
1836.HK |
G84698102 |
Consumer Discretionary |
3,946,354 |
$8,084,535.49 |
0.82% |
| IG Group Holdings Plc |
IGG.LN |
G4753Q106 |
Financials |
473,032 |
$8,033,636.23 |
0.81% |
| Canadian Utilities Limited (Class A) |
CU.CN |
136717832 |
Utilities |
256,157 |
$7,790,940.65 |
0.79% |
| Northwest Bancshares, Inc. |
NWBI |
667340103 |
Financials |
612,465 |
$7,784,430.15 |
0.79% |
| Telefonica, S.A. |
TEF.SM |
879382109 |
Communication Services |
1,915,834 |
$7,782,711.03 |
0.79% |
| Universal Corporation |
UVV |
913456109 |
Consumer Staples |
135,163 |
$7,365,031.87 |
0.75% |
| Harvey Norman Holdings Limited |
HVN.AU |
Q4525E117 |
Consumer Discretionary |
1,582,872 |
$7,360,487.02 |
0.74% |
| TC Energy Corporation |
TRP.CN |
87807B107 |
Energy |
135,847 |
$7,290,795.46 |
0.74% |
| Great-West Lifeco Inc. |
GWO.CN |
39138C106 |
Financials |
147,897 |
$7,256,966.77 |
0.73% |
| Naturgy Energy Group, S.A. |
NTGY.SM |
E7S90S109 |
Utilities |
246,795 |
$7,120,537.16 |
0.72% |
| Samsung Fire & Marine Insurance Co., Ltd. |
000810.KS |
Y7473H108 |
Financials |
21,605 |
$7,101,207.06 |
0.72% |
| TELUS Corporation |
T.CN |
87971M103 |
Communication Services |
558,407 |
$7,107,698.46 |
0.72% |
| Verallia |
VRLA.FP |
F96976117 |
Materials |
252,825 |
$7,080,669.21 |
0.72% |
| Verizon Communications Inc. |
VZ |
92343V104 |
Communication Services |
174,541 |
$7,112,545.75 |
0.72% |
| Super Retail Group Limited |
SUL.AU |
Q88009107 |
Consumer Discretionary |
664,773 |
$7,024,766.36 |
0.71% |
| TotalEnergies SE |
TTE.FP |
F92124100 |
Energy |
108,477 |
$6,945,159.31 |
0.70% |
| Freenet AG |
FNTN.GY |
D3689Q134 |
Communication Services |
190,426 |
$6,456,105.38 |
0.65% |
| Bank of Queensland Limited |
BOQ.AU |
Q12764116 |
Financials |
1,462,506 |
$6,296,295.26 |
0.64% |
| Zurich Insurance Group AG |
ZURN.SW |
H9870Y105 |
Financials |
8,500 |
$6,295,503.50 |
0.64% |
| Prudential Financial, Inc. |
PRU |
744320102 |
Financials |
52,566 |
$6,154,427.28 |
0.62% |
| A2A S.p.A. |
A2A.IM |
T0579B105 |
Utilities |
2,280,070 |
$6,053,473.70 |
0.61% |
| CK Infrastructure Holdings Limited |
1038.HK |
G2178K100 |
Utilities |
836,946 |
$5,743,933.64 |
0.58% |
| Red Electrica Corporacion S.A. |
RED.SM |
E42807110 |
Utilities |
306,117 |
$5,390,600.23 |
0.55% |
| Swiss Re AG |
SREN.SW |
H8431B109 |
Financials |
31,869 |
$5,237,695.88 |
0.53% |
| BASF SE |
BAS.GY |
D06216317 |
Materials |
93,967 |
$4,914,491.18 |
0.50% |
| LyondellBasell Industries N.V. |
LYB |
N53745100 |
Materials |
107,821 |
$4,634,146.58 |
0.47% |
| B&M European Value Retail SA |
BME.LN |
L1175H106 |
Consumer Discretionary |
1,802,567 |
$4,104,387.74 |
0.42% |
| Euro |
$EUR |
|
Other |
430,585 |
$505,893.94 |
0.05% |
| Canadian Dollar |
$CAD |
|
Other |
493,379 |
$358,768.72 |
0.04% |
| Hong Kong Dollar |
$HKD |
|
Other |
1,421,491 |
$182,682.76 |
0.02% |
| Pound Sterling |
$GBP |
|
Other |
170,005 |
$228,231.63 |
0.02% |
| Danish Krone |
$DKK |
|
Other |
0 |
$0.02 |
0.00% |
| New Israeli Shekel |
$ILS |
|
Other |
660 |
$204.44 |
0.00% |
| South Korean Won |
$KRW |
|
Other |
-1,235,530,570 |
($838,910.48) |
-0.08% |
| US Dollar |
$USD |
|
Other |
-1,350,957 |
($1,350,957.25) |
-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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