Holdings of the Fund as of 12/22/2025
Total Number of Holdings (excluding cash): 97
| Kohl's Corporation |
KSS |
500255104 |
Consumer Discretionary |
1,742,604 |
$38,058,471.36 |
3.79% |
| Kiwoom Securities Co., Ltd. |
039490.KS |
Y4801C109 |
Financials |
95,310 |
$19,103,364.55 |
1.90% |
| Phoenix Group Holdings Plc |
PHNX.LN |
G7S8MZ109 |
Financials |
1,884,530 |
$18,450,173.18 |
1.84% |
| Enagas S.A. |
ENG.SM |
E41759106 |
Utilities |
1,073,200 |
$16,583,072.59 |
1.65% |
| Spark New Zealand Limited |
SPK.NZ |
Q8619N107 |
Communication Services |
11,977,081 |
$15,543,211.88 |
1.55% |
| Samsung Securities Co., Ltd. |
016360.KS |
Y7486Y106 |
Financials |
285,351 |
$15,354,623.20 |
1.53% |
| Italgas SpA |
IG.IM |
T6R89Z103 |
Utilities |
1,342,021 |
$14,615,998.14 |
1.46% |
| A.P. Moeller - Maersk A/S (Class A) |
MAERSKA.DC |
K0514G135 |
Industrials |
6,332 |
$14,437,886.97 |
1.44% |
| Peyto Exploration & Development Corp. |
PEY.CN |
717046106 |
Energy |
884,754 |
$14,455,870.27 |
1.44% |
| Woori Financial Group Inc. |
316140.KS |
Y972JZ105 |
Financials |
740,562 |
$14,242,636.50 |
1.42% |
| British American Tobacco p.l.c. |
BATS.LN |
G1510J102 |
Consumer Staples |
243,167 |
$13,806,339.59 |
1.38% |
| Henderson Land Development Company Limited |
12.HK |
Y31476107 |
Real Estate |
3,653,625 |
$13,722,151.43 |
1.37% |
| Aberdeen Group PLC |
ABDN.LN |
G0152L102 |
Financials |
4,944,638 |
$13,441,578.11 |
1.34% |
| BCE Inc. |
BCE.CN |
05534B760 |
Communication Services |
588,655 |
$13,376,099.51 |
1.33% |
| Repsol, S.A. |
REP.SM |
E8471S130 |
Energy |
714,319 |
$13,338,382.39 |
1.33% |
| Fortescue Ltd. |
FMG.AU |
Q39360104 |
Materials |
881,901 |
$13,065,469.85 |
1.30% |
| CaixaBank, S.A. |
CABK.SM |
E2427M123 |
Financials |
1,060,595 |
$12,903,682.48 |
1.29% |
| Laurentian Bank of Canada |
LB.CN |
51925D106 |
Financials |
440,424 |
$12,858,051.41 |
1.28% |
| NN Group N.V. |
NN.NA |
N64038107 |
Financials |
167,406 |
$12,877,692.60 |
1.28% |
| Mapfre S.A. |
MAP.SM |
E7347B107 |
Financials |
2,523,417 |
$12,719,426.83 |
1.27% |
| OneMain Holdings, Inc. |
OMF |
68268W103 |
Financials |
181,745 |
$12,569,484.20 |
1.25% |
| Labrador Iron Ore Royalty Corp. |
LIF.CN |
505440107 |
Materials |
558,289 |
$12,446,574.84 |
1.24% |
| Bayerische Motoren Werke AG (Preference) |
BMW3.GY |
D12096125 |
Consumer Discretionary |
111,195 |
$12,038,396.21 |
1.20% |
| GS Holdings |
078930.KS |
Y2901P103 |
Industrials |
317,744 |
$11,942,598.90 |
1.19% |
| Hyundai Motor Company (2nd Preference) |
005387.KS |
Y38472224 |
Consumer Discretionary |
84,815 |
$11,954,334.95 |
1.19% |
| PCCW Limited |
8.HK |
Y6802P120 |
Communication Services |
15,674,166 |
$11,745,486.73 |
1.17% |
| Volkswagen AG (Preference Shares) |
VOW3.GY |
D94523103 |
Consumer Discretionary |
95,850 |
$11,734,784.92 |
1.17% |
| Sino Land Company Limited |
83.HK |
Y80267126 |
Real Estate |
8,630,766 |
$11,448,459.74 |
1.14% |
| Legal & General Group Plc |
LGEN.LN |
G54404127 |
Financials |
3,253,302 |
$11,225,528.37 |
1.12% |
| Swire Properties Limited |
1972.HK |
Y83191109 |
Real Estate |
4,133,628 |
$11,157,546.56 |
1.11% |
| Eni SpA |
ENI.IM |
T3643A145 |
Energy |
583,725 |
$11,014,408.71 |
1.10% |
| Hana Financial Group Inc. |
086790.KS |
Y29975102 |
Financials |
172,874 |
$10,996,791.75 |
1.10% |
| DB Insurance Co., Ltd. |
005830.KS |
Y2096K109 |
Financials |
128,256 |
$10,976,353.74 |
1.09% |
| Hang Seng Bank Limited |
11.HK |
Y30327103 |
Financials |
547,667 |
$10,833,610.41 |
1.08% |
| Sirius Real Estate Ltd. |
SRE.LN |
G8187C104 |
Real Estate |
8,498,475 |
$10,784,923.82 |
1.08% |
| Chow Tai Fook Jewellery Group Limited |
1929.HK |
G21146108 |
Consumer Discretionary |
6,549,838 |
$10,691,836.35 |
1.07% |
| Ford Motor Company |
F |
345370860 |
Consumer Discretionary |
796,463 |
$10,720,391.98 |
1.07% |
| OMV AG |
OMV.AV |
A51460110 |
Energy |
193,724 |
$10,721,205.53 |
1.07% |
| Poste Italiane SpA |
PST.IM |
T7S697106 |
Financials |
422,737 |
$10,713,780.88 |
1.07% |
| Bankinter, S.A. |
BKT.SM |
E2116H880 |
Financials |
640,219 |
$10,637,709.17 |
1.06% |
| The Bank of Nova Scotia |
BNS.CN |
064149107 |
Financials |
144,820 |
$10,572,577.78 |
1.05% |
| iM Financial Group Co., Inc. |
139130.KS |
Y2058E109 |
Financials |
1,004,987 |
$10,373,998.46 |
1.03% |
| Industrial Bank of Korea (IBK) |
024110.KS |
Y3994L108 |
Financials |
715,596 |
$10,327,910.85 |
1.03% |
| LG Uplus Corp. |
032640.KS |
Y5293P102 |
Communication Services |
999,381 |
$10,329,642.03 |
1.03% |
| Carrefour S.A. |
CA.FP |
F13923119 |
Consumer Staples |
603,322 |
$10,131,019.49 |
1.01% |
| Kia Corporation |
000270.KS |
Y47601102 |
Consumer Discretionary |
123,890 |
$10,142,081.42 |
1.01% |
| ASR Nederland N.V. |
ASRNL.NA |
N0709G103 |
Financials |
141,140 |
$10,064,130.52 |
1.00% |
| BNK Financial Group Inc. |
138930.KS |
Y0R7ZV102 |
Financials |
918,393 |
$10,076,130.43 |
1.00% |
| LOGISTA INTEGRAL SA |
LOG.SM |
E0304S106 |
Industrials |
286,199 |
$9,998,633.70 |
1.00% |
| BOC Hong Kong (Holdings) Limited |
2388.HK |
Y0920U103 |
Financials |
1,981,640 |
$9,928,522.33 |
0.99% |
| Aperam S.A. |
APAM.NA |
L0187K107 |
Materials |
241,120 |
$9,710,561.36 |
0.97% |
| Fortum Oyj |
FORTUM.FH |
X2978Z118 |
Utilities |
448,300 |
$9,482,969.26 |
0.95% |
| Mercedes-Benz Group AG |
MBG.GY |
D1668R123 |
Consumer Discretionary |
135,525 |
$9,469,389.01 |
0.94% |
| Porsche Automobil Holding SE |
PAH3.GY |
D6240C122 |
Consumer Discretionary |
201,983 |
$9,461,650.12 |
0.94% |
| Ageas S.A./N.V. |
AGS.BB |
B0148L138 |
Financials |
132,159 |
$9,313,430.37 |
0.93% |
| Altria Group, Inc. |
MO |
02209S103 |
Consumer Staples |
157,464 |
$9,228,965.04 |
0.92% |
| DNB Bank ASA |
DNB.NO |
R1R15X100 |
Financials |
330,852 |
$9,186,569.99 |
0.92% |
| Rio Tinto Plc |
RIO.LN |
G75754104 |
Materials |
115,876 |
$9,248,808.96 |
0.92% |
| The Western Union Company |
WU |
959802109 |
Financials |
980,574 |
$9,138,949.68 |
0.91% |
| First Interstate BancSystem, Inc. |
FIBK |
32055Y201 |
Financials |
248,990 |
$8,981,069.30 |
0.90% |
| Franklin Resources, Inc. |
BEN |
354613101 |
Financials |
367,817 |
$9,044,620.03 |
0.90% |
| KT&G Corporation |
033780.KS |
Y49904108 |
Consumer Staples |
92,566 |
$9,060,804.37 |
0.90% |
| Investec Plc |
INVP.LN |
G49188116 |
Financials |
1,212,966 |
$8,945,272.47 |
0.89% |
| BOC Aviation Limited |
2588.HK |
Y09292106 |
Industrials |
930,121 |
$8,793,062.29 |
0.88% |
| IGM Financial Inc. |
IGM.CN |
449586106 |
Financials |
191,657 |
$8,778,391.15 |
0.88% |
| Japan Tobacco, Inc. |
2914.JP |
J27869106 |
Consumer Staples |
239,070 |
$8,753,639.09 |
0.87% |
| CK Hutchison Holdings Limited |
1.HK |
G21765105 |
Industrials |
1,225,955 |
$8,587,941.09 |
0.86% |
| Telia Company AB |
TELIA.SS |
W95890104 |
Communication Services |
2,065,741 |
$8,618,583.09 |
0.86% |
| Canadian Imperial Bank of Commerce |
CM.CN |
136069101 |
Financials |
91,856 |
$8,481,949.58 |
0.85% |
| Power Corporation of Canada |
POW.CN |
739239101 |
Financials |
159,654 |
$8,541,973.46 |
0.85% |
| IG Group Holdings Plc |
IGG.LN |
G4753Q106 |
Financials |
476,612 |
$8,338,207.83 |
0.83% |
| Canadian Utilities Limited (Class A) |
CU.CN |
136717832 |
Utilities |
258,097 |
$7,876,632.06 |
0.79% |
| Stella International Holdings Limited |
1836.HK |
G84698102 |
Consumer Discretionary |
3,976,204 |
$7,911,478.22 |
0.79% |
| Northwest Bancshares, Inc. |
NWBI |
667340103 |
Financials |
617,100 |
$7,701,408.00 |
0.77% |
| Telefonica, S.A. |
TEF.SM |
879382109 |
Communication Services |
1,930,324 |
$7,758,058.68 |
0.77% |
| TC Energy Corporation |
TRP.CN |
87807B107 |
Energy |
136,877 |
$7,512,439.74 |
0.75% |
| Harvey Norman Holdings Limited |
HVN.AU |
Q4525E117 |
Consumer Discretionary |
1,594,847 |
$7,451,370.76 |
0.74% |
| Great-West Lifeco Inc. |
GWO.CN |
39138C106 |
Financials |
149,017 |
$7,295,634.44 |
0.73% |
| Naturgy Energy Group, S.A. |
NTGY.SM |
E7S90S109 |
Utilities |
248,660 |
$7,313,360.35 |
0.73% |
| Samsung Fire & Marine Insurance Co., Ltd. |
000810.KS |
Y7473H108 |
Financials |
21,770 |
$7,321,468.70 |
0.73% |
| TotalEnergies SE |
TTE.FP |
F92124100 |
Energy |
109,297 |
$7,187,112.52 |
0.72% |
| Universal Corporation |
UVV |
913456109 |
Consumer Staples |
136,183 |
$7,238,126.45 |
0.72% |
| Super Retail Group Limited |
SUL.AU |
Q88009107 |
Consumer Discretionary |
669,803 |
$7,132,587.45 |
0.71% |
| TELUS Corporation |
T.CN |
87971M103 |
Communication Services |
562,632 |
$7,118,562.64 |
0.71% |
| Verizon Communications Inc. |
VZ |
92343V104 |
Communication Services |
175,861 |
$7,030,922.78 |
0.70% |
| Verallia |
VRLA.FP |
F96976117 |
Materials |
254,735 |
$6,797,327.90 |
0.68% |
| Freenet AG |
FNTN.GY |
D3689Q134 |
Communication Services |
191,866 |
$6,594,762.08 |
0.66% |
| Bank of Queensland Limited |
BOQ.AU |
Q12764116 |
Financials |
1,473,571 |
$6,413,998.48 |
0.64% |
| Zurich Insurance Group AG |
ZURN.SW |
H9870Y105 |
Financials |
8,565 |
$6,467,944.61 |
0.64% |
| CK Infrastructure Holdings Limited |
1038.HK |
G2178K100 |
Utilities |
843,276 |
$6,199,887.24 |
0.62% |
| A2A S.p.A. |
A2A.IM |
T0579B105 |
Utilities |
2,297,315 |
$6,165,243.14 |
0.61% |
| Prudential Financial, Inc. |
PRU |
744320102 |
Financials |
52,966 |
$6,082,615.44 |
0.61% |
| Red Electrica Corporacion S.A. |
RED.SM |
E42807110 |
Utilities |
308,432 |
$5,478,323.04 |
0.55% |
| Swiss Re AG |
SREN.SW |
H8431B109 |
Financials |
32,109 |
$5,344,405.72 |
0.53% |
| BASF SE |
BAS.GY |
D06216317 |
Materials |
94,677 |
$4,866,847.21 |
0.49% |
| LyondellBasell Industries N.V. |
LYB |
N53745100 |
Materials |
108,636 |
$4,736,529.60 |
0.47% |
| B&M European Value Retail SA |
BME.LN |
L1175H106 |
Consumer Discretionary |
1,816,202 |
$3,924,089.07 |
0.39% |
| Euro |
$EUR |
|
Other |
605,386 |
$712,054.95 |
0.07% |
| Canadian Dollar |
$CAD |
|
Other |
493,379 |
$358,951.44 |
0.04% |
| Hong Kong Dollar |
$HKD |
|
Other |
1,421,491 |
$182,687.45 |
0.02% |
| Pound Sterling |
$GBP |
|
Other |
170,005 |
$228,843.65 |
0.02% |
| Danish Krone |
$DKK |
|
Other |
0 |
$0.02 |
0.00% |
| New Israeli Shekel |
$ILS |
|
Other |
660 |
$205.89 |
0.00% |
| US Dollar |
$USD |
|
Other |
-590,344 |
($590,343.59) |
-0.06% |
| South Korean Won |
$KRW |
|
Other |
-1,623,908,836 |
($1,097,065.21) |
-0.11% |
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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