Holdings of the Fund as of 12/9/2025
Total Number of Holdings (excluding cash): 40
| Hochtief AG |
HOT.GY |
D33134103 |
Industrials |
12,114 |
$4,521,252.68 |
5.75% |
| Aurubis AG |
NDA.GY |
D10004105 |
Materials |
28,689 |
$3,909,391.83 |
4.97% |
| Bayerische Motoren Werke (BMW) AG |
BMW.GY |
D12096109 |
Consumer Discretionary |
33,571 |
$3,802,581.98 |
4.83% |
| RWE AG |
RWE.GY |
D6629K109 |
Utilities |
71,502 |
$3,630,509.32 |
4.61% |
| Mercedes-Benz Group AG |
MBG.GY |
D1668R123 |
Consumer Discretionary |
50,983 |
$3,620,683.74 |
4.60% |
| Siemens Energy AG |
ENR.GY |
D6T47E106 |
Industrials |
25,835 |
$3,558,030.84 |
4.52% |
| Commerzbank AG |
CBK.GY |
D172W1279 |
Financials |
75,678 |
$3,047,991.20 |
3.87% |
| Volkswagen AG (Preference Shares) |
VOW3.GY |
D94523103 |
Consumer Discretionary |
22,614 |
$2,809,429.22 |
3.57% |
| Nordex SE |
NDX1.GY |
D5736K135 |
Industrials |
90,368 |
$2,771,760.11 |
3.52% |
| AUTO1 Group SE |
AG1.GY |
D0R06D102 |
Consumer Discretionary |
92,592 |
$2,706,480.59 |
3.44% |
| Rheinmetall AG |
RHM.GY |
D65111102 |
Industrials |
1,410 |
$2,691,077.35 |
3.42% |
| Continental AG |
CON.GY |
D16212140 |
Consumer Discretionary |
35,544 |
$2,677,154.45 |
3.40% |
| Deutsche Lufthansa AG |
LHA.GY |
D1908N106 |
Industrials |
282,263 |
$2,666,839.90 |
3.39% |
| Dr. Ing. h.c. F. Porsche AG |
P911.GY |
D2R3HA114 |
Consumer Discretionary |
48,323 |
$2,640,131.20 |
3.36% |
| Talanx AG |
TLX.GY |
D82827110 |
Financials |
18,441 |
$2,373,549.37 |
3.02% |
| Deutsche Bank AG |
DBK.GY |
D18190898 |
Financials |
60,389 |
$2,255,977.37 |
2.87% |
| Hensoldt AG |
HAG.GY |
D3R14P109 |
Industrials |
26,009 |
$2,239,313.49 |
2.85% |
| DHL Group |
DHL.GY |
D19225107 |
Industrials |
38,765 |
$2,068,800.70 |
2.63% |
| RENK Group AG |
R3NK.GY |
D6S2UZ108 |
Industrials |
29,866 |
$1,999,122.78 |
2.54% |
| Merck KGaA |
MRK.GY |
D5357W103 |
Health Care |
13,818 |
$1,896,607.04 |
2.41% |
| United Internet AG (Registered Shares) |
UTDI.GY |
D8542B125 |
Communication Services |
64,297 |
$1,879,412.72 |
2.39% |
| MTU Aero Engines AG |
MTX.GY |
D5565H104 |
Industrials |
4,030 |
$1,662,005.30 |
2.11% |
| KION Group AG |
KGX.GY |
D4S14D103 |
Industrials |
21,451 |
$1,638,623.17 |
2.08% |
| thyssenkrupp AG |
TKA.GY |
D8398Q119 |
Materials |
156,837 |
$1,629,877.83 |
2.07% |
| Jungheinrich AG (Preference) |
JUN3.GY |
D37552102 |
Industrials |
38,038 |
$1,539,086.73 |
1.96% |
| Deutsche Telekom AG |
DTE.GY |
D2035M136 |
Communication Services |
49,080 |
$1,532,198.50 |
1.95% |
| Heidelberg Materials AG |
HEI.GY |
D31709104 |
Materials |
5,080 |
$1,301,791.63 |
1.65% |
| E.ON SE |
EOAN.GY |
D24914133 |
Utilities |
64,853 |
$1,173,668.33 |
1.49% |
| Krones AG |
KRN.GY |
D47441171 |
Industrials |
7,238 |
$1,120,957.08 |
1.42% |
| Daimler Truck Holding AG |
DTG.GY |
D1T3RZ100 |
Industrials |
25,226 |
$1,082,576.56 |
1.38% |
| Evonik Industries AG |
EVK.GY |
D2R90Y117 |
Materials |
57,904 |
$870,509.01 |
1.11% |
| Scout24 SE |
G24.GY |
D345XT105 |
Communication Services |
8,654 |
$871,869.78 |
1.11% |
| Fraport AG Frankfurt Airport Services Worldwide |
FRA.GY |
D3856U108 |
Industrials |
7,923 |
$665,569.91 |
0.85% |
| Allianz SE |
ALV.GY |
D03080112 |
Financials |
1,473 |
$652,006.33 |
0.83% |
| Bechtle AG |
BC8.GY |
D0873U103 |
Information Technology |
12,737 |
$638,279.07 |
0.81% |
| Siemens AG |
SIE.GY |
D69671218 |
Industrials |
2,328 |
$633,516.34 |
0.81% |
| Brenntag SE |
BNR.GY |
D12459117 |
Industrials |
9,016 |
$505,379.01 |
0.64% |
| Fresenius Medical Care AG |
FME.GY |
D2734Z107 |
Health Care |
10,415 |
$475,418.13 |
0.60% |
| Fuchs SE (Preference) |
FPE3.GY |
D27462379 |
Materials |
10,817 |
$473,645.39 |
0.60% |
| Nemetschek AG |
NEM.GY |
D56134105 |
Information Technology |
4,119 |
$439,404.03 |
0.56% |
| US Dollar |
$USD |
|
Other |
14,192 |
$14,192.24 |
0.02% |
| Euro |
$EUR |
|
Other |
29 |
$33.99 |
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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