Holdings of the Fund as of 11/5/2025
Total Number of Holdings (excluding cash): 104
| Taiwan Semiconductor Manufacturing Company Ltd. |
2330.TT |
Y84629107 |
Information Technology |
138,068 |
$6,511,413.90 |
12.83% |
| Tencent Holdings Limited |
700.HK |
G87572163 |
Communication Services |
33,944 |
$2,746,158.15 |
5.41% |
| iShares MSCI China ETF |
MCHI |
46429B671 |
Other |
36,559 |
$2,316,378.24 |
4.56% |
| Alibaba Group Holding Limited |
9988.HK |
G01719114 |
Consumer Discretionary |
77,724 |
$1,584,514.80 |
3.12% |
| Industrial and Commercial Bank of China Limited (Class H) |
1398.HK |
Y3990B112 |
Financials |
1,435,270 |
$1,153,786.64 |
2.27% |
| MediaTek Inc. |
2454.TT |
Y5945U103 |
Information Technology |
24,581 |
$1,056,040.56 |
2.08% |
| Kasikornbank Pcl (NVDR) |
KBANK-R.TB |
Y4591R126 |
Financials |
161,700 |
$907,027.05 |
1.79% |
| Kasikornbank Pcl |
KBANK.TB |
Y4591R100 |
Financials |
158,700 |
$890,199.07 |
1.75% |
| International Container Terminal Services, Inc. |
ICT.PM |
Y41157101 |
Industrials |
96,110 |
$854,363.21 |
1.68% |
| ICICI Bank Limited |
ICICIBC.IS |
Y3860Z132 |
Financials |
55,626 |
$838,778.61 |
1.65% |
| Eicher Motors Limited |
EIM.IS |
Y2251M148 |
Consumer Discretionary |
10,656 |
$832,909.94 |
1.64% |
| SPDR S&P China ETF |
GXC |
78463X400 |
Other |
8,037 |
$817,202.16 |
1.61% |
| InterGlobe Aviation Limited |
INDIGO.IS |
Y4R97L111 |
Industrials |
11,921 |
$757,933.89 |
1.49% |
| Bank Hapoalim B.M. |
POLI.IT |
M1586M115 |
Financials |
34,114 |
$694,184.16 |
1.37% |
| Meritz Financial Group Inc. |
138040.KS |
Y59496102 |
Financials |
8,563 |
$672,974.73 |
1.33% |
| Kia Corporation |
000270.KS |
Y47601102 |
Consumer Discretionary |
8,757 |
$670,698.63 |
1.32% |
| Shriram Finance Limited |
SHFL.IS |
Y7758E119 |
Financials |
72,650 |
$652,667.51 |
1.29% |
| Haidilao International Holding Ltd. |
6862.HK |
G4290A101 |
Consumer Discretionary |
382,920 |
$630,419.87 |
1.24% |
| Bharat Petroleum Corporation Limited |
BPCL.IS |
Y0882Z116 |
Energy |
148,721 |
$625,595.33 |
1.23% |
| Bajaj Finance Limited |
BAF.IS |
Y0547D112 |
Financials |
49,976 |
$595,809.04 |
1.17% |
| Turkiye Petrol Rafinerileri A.S. |
TUPRS.TI |
M8966X108 |
Energy |
124,741 |
$579,086.80 |
1.14% |
| State Bank of India |
SBIN.IS |
Y8155P103 |
Financials |
52,972 |
$572,138.39 |
1.13% |
| Singapore Airlines Limited |
SIA.SP |
Y7992P128 |
Industrials |
113,200 |
$569,031.42 |
1.12% |
| ORLEN SA |
PKN.PW |
X6922W204 |
Energy |
21,043 |
$556,601.43 |
1.10% |
| Banco de Chile |
CHILE.CI |
P0939W108 |
Financials |
3,058,169 |
$547,840.40 |
1.08% |
| Evergreen Marine Corp. (Taiwan) Ltd. |
2603.TT |
Y23632105 |
Industrials |
90,155 |
$540,210.68 |
1.06% |
| Yapi ve Kredi Bankasi A.S. |
YKBNK.TI |
M9869G101 |
Financials |
664,219 |
$536,221.91 |
1.06% |
| CG Power and Industrial Solutions Ltd. |
CGPOWER.IS |
Y1788L144 |
Industrials |
63,303 |
$533,782.31 |
1.05% |
| Jentech Precision Industrial Company Ltd. |
3653.TT |
Y4432G115 |
Information Technology |
8,147 |
$532,907.88 |
1.05% |
| Sun Pharmaceutical Industries Limited |
SUNP.IS |
Y8523Y158 |
Health Care |
27,159 |
$517,691.54 |
1.02% |
| JBS NV (Class A) (BDR) |
JBSS32.BZ |
|
Consumer Staples |
38,144 |
$512,631.56 |
1.01% |
| Vale S.A. |
VALE3.BZ |
P9661Q155 |
Materials |
40,280 |
$494,196.54 |
0.97% |
| Hyundai Motor Company |
005380.KS |
Y38472109 |
Consumer Discretionary |
2,571 |
$476,316.32 |
0.94% |
| Akbank T.A.S. |
AKBNK.TI |
M0300L106 |
Financials |
324,953 |
$472,478.28 |
0.93% |
| Asseco Poland S.A. |
ACP.PW |
X02540130 |
Information Technology |
8,221 |
$468,820.33 |
0.92% |
| HCL Technologies Limited |
HCLT.IS |
Y3121G147 |
Information Technology |
26,976 |
$465,247.49 |
0.92% |
| Lenovo Group Limited |
992.HK |
Y5257Y107 |
Information Technology |
317,121 |
$455,198.77 |
0.90% |
| Realtek Semiconductor Corp. |
2379.TT |
Y7220N101 |
Information Technology |
27,714 |
$450,294.47 |
0.89% |
| Titan Company Limited |
TTAN.IS |
Y88425148 |
Consumer Discretionary |
10,255 |
$441,092.84 |
0.87% |
| Hindustan Unilever Limited |
HUVR.IS |
Y3222L102 |
Consumer Staples |
15,894 |
$438,436.80 |
0.86% |
| Samsung SDS Co., Ltd. |
018260.KS |
Y7T72C103 |
Information Technology |
3,567 |
$437,606.71 |
0.86% |
| Global Unichip Corporation |
3443.TT |
Y2724H114 |
Information Technology |
8,235 |
$426,941.19 |
0.84% |
| Bank of Baroda |
BOB.IS |
Y0643L141 |
Financials |
130,356 |
$423,589.21 |
0.83% |
| International Games System Co., Ltd. |
3293.TT |
Y41065114 |
Communication Services |
17,992 |
$419,610.22 |
0.83% |
| Tata Consultancy Services Limited |
TCS.IS |
Y85279100 |
Information Technology |
12,469 |
$420,535.30 |
0.83% |
| Unimicron Technology Corporation |
3037.TT |
Y90668107 |
Information Technology |
78,999 |
$418,499.41 |
0.82% |
| Petroleo Brasileiro S.A. - Petrobras |
PETR3.BZ |
P78331132 |
Energy |
66,341 |
$404,555.17 |
0.80% |
| Britannia Industries Limited |
BRIT.IS |
Y0969R151 |
Consumer Staples |
6,009 |
$399,367.20 |
0.79% |
| Eurobank Ergasias Services and Holdings S.A. |
EUROB.GA |
X2321W101 |
Financials |
105,303 |
$389,545.04 |
0.77% |
| BB Seguridade Participacoes S.A. |
BBSE3.BZ |
P1R1WJ103 |
Financials |
53,613 |
$337,746.22 |
0.67% |
| ITC Limited |
ITC.IS |
Y4211T171 |
Consumer Staples |
72,575 |
$334,714.68 |
0.66% |
| US Dollar |
$USD |
|
Other |
333,205 |
$333,205.30 |
0.66% |
| Sembcorp Industries Limited |
SCI.SP |
Y79711159 |
Utilities |
66,300 |
$319,579.23 |
0.63% |
| Tripod Technology Corporation |
3044.TT |
Y8974X105 |
Information Technology |
28,887 |
$314,923.92 |
0.62% |
| Vedanta Limited |
VEDL.IS |
Y9364D105 |
Materials |
54,573 |
$312,780.98 |
0.62% |
| Fufeng Group Limited |
546.HK |
G36844119 |
Materials |
294,095 |
$309,801.44 |
0.61% |
| Orient Overseas (International) Limited |
316.HK |
G67749153 |
Industrials |
18,347 |
$311,730.85 |
0.61% |
| SABIC Agri-Nutrients Company |
SAFCO.AB |
M8T36M107 |
Materials |
9,628 |
$308,298.77 |
0.61% |
| Banco do Brasil S.A. |
BBAS3.BZ |
P11427112 |
Financials |
72,091 |
$304,248.34 |
0.60% |
| Suzano SA |
SUZB3.BZ |
P8T20U187 |
Materials |
33,299 |
$303,939.14 |
0.60% |
| Wiwynn Corporation |
6669.TT |
Y9673D101 |
Information Technology |
2,216 |
$298,135.83 |
0.59% |
| Exxaro Resources Limited |
EXX.SJ |
S26949107 |
Energy |
26,340 |
$286,742.69 |
0.56% |
| Samsung Biologics Co., Ltd. |
207940.KS |
Y7T7DY103 |
Health Care |
332 |
$279,706.68 |
0.55% |
| ANTA Sports Products Limited |
2020.HK |
G04011105 |
Consumer Discretionary |
26,143 |
$268,498.74 |
0.53% |
| ICL Group Ltd. |
ICL.IT |
M53213100 |
Materials |
40,128 |
$265,244.26 |
0.52% |
| China Merchants Port Holdings Company Limited |
144.HK |
Y1489Q103 |
Industrials |
131,481 |
$256,712.29 |
0.51% |
| Kumba Iron Ore Limited |
KIO.SJ |
S4341C103 |
Materials |
13,343 |
$258,752.59 |
0.51% |
| Reliance Insurance PLC |
RELIANCE.IS |
Y72596102 |
Energy |
15,180 |
$252,217.15 |
0.50% |
| REC Limited |
RECL.IS |
Y73650106 |
Financials |
59,383 |
$248,254.27 |
0.49% |
| Sunway Real Estate Investment Trust |
SREIT.MK |
Y83099104 |
Real Estate |
470,100 |
$236,648.14 |
0.47% |
| China Medical System Holdings Limited |
867.HK |
G21108124 |
Health Care |
119,198 |
$215,405.70 |
0.42% |
| Wisdom Marine Lines Co., Ltd. |
2637.TT |
G9721M103 |
Industrials |
105,546 |
$214,106.99 |
0.42% |
| Motor Oil (Hellas) Corinth Refineries S.A. |
MOH.GA |
X55904100 |
Energy |
6,837 |
$208,305.22 |
0.41% |
| Bank Handlowy w Warszawie S.A. |
BHW.PW |
X05318104 |
Financials |
7,154 |
$201,281.82 |
0.40% |
| Bora Pharmaceuticals Co., Ltd. |
6472.TT |
Y09282107 |
Health Care |
10,176 |
$205,112.02 |
0.40% |
| COSCO SHIPPING Ports Limited |
1199.HK |
G2442N104 |
Industrials |
275,238 |
$204,620.03 |
0.40% |
| OPAP S.A. |
OPAP.GA |
X3232T104 |
Consumer Discretionary |
10,152 |
$204,336.88 |
0.40% |
| Chicony Electronics Co., Ltd. |
2385.TT |
Y1364B106 |
Information Technology |
47,537 |
$197,316.90 |
0.39% |
| LIC Housing Finance Limited |
LICHF.IS |
Y5278Z133 |
Financials |
30,396 |
$196,788.13 |
0.39% |
| Nan Ya Printed Circuit Board Corporation |
8046.TT |
Y6205K108 |
Information Technology |
21,941 |
$192,776.79 |
0.38% |
| Enel Chile SA |
ENELCHIL.CI |
P3762G109 |
Utilities |
2,481,081 |
$188,567.10 |
0.37% |
| IOI Corporation Bhd |
IOI.MK |
Y41763106 |
Consumer Staples |
186,100 |
$181,149.40 |
0.36% |
| Indian Railway Catering and Tourism Corporation Ltd. |
IRCTC.IS |
Y3R2EY120 |
Industrials |
21,557 |
$174,697.10 |
0.34% |
| Meituan (Class B) |
3690.HK |
G59669104 |
Consumer Discretionary |
13,141 |
$171,049.10 |
0.34% |
| TIME dotCom Berhad |
TDC.MK |
Y8839J101 |
Communication Services |
128,900 |
$155,301.19 |
0.31% |
| Banco del Bajio S.A. |
BBAJIOO.MM |
P1R2ZN117 |
Financials |
59,439 |
$151,998.83 |
0.30% |
| KT Corporation |
030200.KS |
Y49915104 |
Communication Services |
4,562 |
$152,509.93 |
0.30% |
| Aksa Enerji Uretim A.S. |
AKSEN.TI |
M03829104 |
Utilities |
111,582 |
$148,984.24 |
0.29% |
| PT Indofood Sukses Makmur Tbk |
INDF.IJ |
Y7128X128 |
Consumer Staples |
339,108 |
$144,968.66 |
0.29% |
| China Resources Pharmaceutical Group Limited |
3320.HK |
Y1511B108 |
Health Care |
221,347 |
$139,787.06 |
0.28% |
| LTIMindtree Limited |
LTIM.IS |
Y5S745101 |
Information Technology |
2,218 |
$140,594.54 |
0.28% |
| Fleury S.A. |
FLRY3.BZ |
P418BW104 |
Health Care |
49,595 |
$137,100.65 |
0.27% |
| Alliance Bank Malaysia Berhad |
ABMB.MK |
Y0034W102 |
Financials |
124,400 |
$133,555.96 |
0.26% |
| Alsea, S.A.B. de C.V. |
ALSEA*.MM |
P0212A104 |
Consumer Discretionary |
45,063 |
$124,059.50 |
0.24% |
| PT Alamtri Resources Indonesia Tbk |
ADRO.IJ |
Y7087B109 |
Energy |
1,064,914 |
$120,761.25 |
0.24% |
| MISC Bhd |
MISC.MK |
Y6080H105 |
Industrials |
62,700 |
$114,435.12 |
0.23% |
| Sino-American Silicon Products Inc. |
5483.TT |
Y8022X107 |
Information Technology |
29,948 |
$115,601.95 |
0.23% |
| iShares Core MSCI Emerging Markets ETF |
IEMG |
46434G103 |
Other |
1,529 |
$104,079.03 |
0.21% |
| Topsports International Holdings Limited |
6110.HK |
G8924B104 |
Consumer Discretionary |
176,557 |
$71,078.97 |
0.14% |
| Torunlar Gayrimenkul Yatirim Ortakligi A.S. |
TRGYO.TI |
M8820E106 |
Real Estate |
38,441 |
$72,651.53 |
0.14% |
| Infosys Limited |
INFO.IS |
Y4082C133 |
Information Technology |
2,281 |
$37,765.27 |
0.07% |
| Absa Group Limited |
ABG.SJ |
S0270C106 |
Financials |
2,303 |
$26,008.94 |
0.05% |
| Indian Rupee |
$INR |
|
Other |
1,440,488 |
$16,248.00 |
0.03% |
| ITC Hotels Limited |
ITCHOTEL.IS |
Y4211S140 |
Consumer Discretionary |
7,205 |
$17,463.89 |
0.03% |
| Hong Kong Dollar |
$HKD |
|
Other |
69,008 |
$8,875.93 |
0.02% |
| Brazilian Real |
$BRL |
|
Other |
31,993 |
$5,972.35 |
0.01% |
| Euro |
$EUR |
|
Other |
4,824 |
$5,543.56 |
0.01% |
| New Taiwan Dollar |
$TWD |
|
Other |
0 |
$0.00 |
0.00% |
| Rosneft Oil Company PJSC |
ROSN.RM |
X7394C106 |
Energy |
59,735 |
$0.00 |
0.00% |
| Rupiah |
$IDR |
|
Other |
0 |
$0.00 |
0.00% |
| Saudi Riyal |
$SAR |
|
Other |
-6 |
($1.73) |
0.00% |
| Severstal PJSC |
CHMF.RM |
X7803S106 |
Materials |
23,602 |
$0.00 |
0.00% |
| South African Rand |
$ZAR |
|
Other |
-1 |
($0.05) |
0.00% |
| South Korean Won |
$KRW |
|
Other |
2,285,562 |
$1,586.00 |
0.00% |
Currency Forward Positions
| USD->TWD 12-12-2025 |
-108,000,000.00 TWD |
$3,527,205.74 |
($29,064.93) |
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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