Holdings of the Fund as of 3/31/2025
Total Number of Holdings (excluding cash): 104
Taiwan Semiconductor Manufacturing Company Ltd. |
2330.TT |
Y84629107 |
Information Technology |
95,409 |
$2,686,983.68 |
9.08% |
Tencent Holdings Limited |
700.HK |
G87572163 |
Communication Services |
23,490 |
$1,500,918.85 |
5.07% |
iShares MSCI China ETF |
MCHI |
46429B671 |
Other |
25,275 |
$1,374,960.00 |
4.65% |
Alibaba Group Holding Limited |
9988.HK |
G01719114 |
Consumer Discretionary |
53,639 |
$887,511.63 |
3.00% |
MediaTek Inc. |
2454.TT |
Y5945U103 |
Information Technology |
16,986 |
$732,099.10 |
2.47% |
Industrial and Commercial Bank of China Limited (Class H) |
1398.HK |
Y3990B112 |
Financials |
991,000 |
$707,160.15 |
2.39% |
ICICI Bank Limited |
ICICIBC.IS |
Y3860Z132 |
Financials |
38,439 |
$604,202.09 |
2.04% |
Haidilao International Holding Ltd. |
6862.HK |
G4290A101 |
Consumer Discretionary |
265,000 |
$597,671.45 |
2.02% |
Kasikornbank Pcl (NVDR) |
KBANK-R.TB |
Y4591R126 |
Financials |
111,900 |
$534,655.90 |
1.81% |
Kasikornbank Pcl |
KBANK.TB |
Y4591R100 |
Financials |
109,700 |
$524,144.35 |
1.77% |
Meritz Financial Group Inc. |
138040.KS |
Y59496102 |
Financials |
5,917 |
$494,562.93 |
1.67% |
InterGlobe Aviation Limited |
INDIGO.IS |
Y4R97L111 |
Industrials |
8,237 |
$490,933.71 |
1.66% |
SPDR S&P China ETF |
GXC |
78463X400 |
Other |
5,557 |
$477,902.00 |
1.62% |
Eicher Motors Limited |
EIM.IS |
Y2251M148 |
Consumer Discretionary |
7,363 |
$459,343.96 |
1.55% |
Evergreen Marine Corp. (Taiwan) Ltd. |
2603.TT |
Y23632105 |
Industrials |
62,300 |
$417,695.25 |
1.41% |
International Container Terminal Services, Inc. |
ICT.PM |
Y41157101 |
Industrials |
66,410 |
$412,692.01 |
1.39% |
Singapore Airlines Limited |
SIA.SP |
Y7992P128 |
Industrials |
78,200 |
$393,931.02 |
1.33% |
Shriram Finance Limited |
SHFL.IS |
Y7758E119 |
Financials |
50,202 |
$383,395.21 |
1.30% |
Kia Corporation |
000270.KS |
Y47601102 |
Consumer Discretionary |
6,051 |
$382,651.64 |
1.29% |
Sun Pharmaceutical Industries Limited |
SUNP.IS |
Y8523Y158 |
Health Care |
18,766 |
$380,298.82 |
1.29% |
JBS SA |
JBSS3.BZ |
P59695109 |
Consumer Staples |
52,718 |
$379,786.60 |
1.28% |
Tata Consultancy Services Limited |
TCS.IS |
Y85279100 |
Information Technology |
8,617 |
$362,497.91 |
1.23% |
Bajaj Finance Limited |
BAF.IS |
Y0547D112 |
Financials |
3,454 |
$359,878.15 |
1.22% |
HCL Technologies Limited |
HCLT.IS |
Y3121G147 |
Information Technology |
18,640 |
$345,321.68 |
1.17% |
Bharat Petroleum Corporation Limited |
BPCL.IS |
Y0882Z116 |
Energy |
102,770 |
$332,834.33 |
1.12% |
Petroleo Brasileiro S.A. - Petrobras |
PETR3.BZ |
P78331132 |
Energy |
45,844 |
$327,935.73 |
1.11% |
State Bank of India |
SBIN.IS |
Y8155P103 |
Financials |
36,605 |
$329,114.16 |
1.11% |
CG Power and Industrial Solutions Ltd. |
CGPOWER.IS |
Y1788L144 |
Industrials |
43,744 |
$324,948.37 |
1.10% |
Bank Hapoalim B.M. |
POLI.IT |
M1586M115 |
Financials |
23,583 |
$319,810.16 |
1.08% |
Turkiye Petrol Rafinerileri A.S. |
TUPRS.TI |
M8966X108 |
Energy |
86,238 |
$313,516.49 |
1.06% |
Akbank T.A.S. |
AKBNK.TI |
M0300L106 |
Financials |
224,647 |
$309,400.12 |
1.05% |
Realtek Semiconductor Corp. |
2379.TT |
Y7220N101 |
Information Technology |
19,152 |
$305,328.90 |
1.03% |
Lenovo Group Limited |
992.HK |
Y5257Y107 |
Information Technology |
219,545 |
$298,353.86 |
1.01% |
International Games System Co., Ltd. |
3293.TT |
Y41065114 |
Communication Services |
12,433 |
$292,721.77 |
0.99% |
Hindustan Unilever Limited |
HUVR.IS |
Y3222L102 |
Consumer Staples |
10,982 |
$290,013.15 |
0.98% |
Yapi ve Kredi Bankasi A.S. |
YKBNK.TI |
M9869G101 |
Financials |
459,188 |
$291,010.99 |
0.98% |
Banco de Chile |
CHILE.CI |
P0939W108 |
Financials |
2,113,272 |
$279,272.07 |
0.94% |
Vale S.A. |
VALE3.BZ |
P9661Q155 |
Materials |
27,835 |
$276,571.57 |
0.93% |
BB Seguridade Participacoes S.A. |
BBSE3.BZ |
P1R1WJ103 |
Financials |
37,049 |
$261,646.41 |
0.88% |
ORLEN SA |
PKN.PW |
X6922W204 |
Energy |
14,548 |
$256,243.12 |
0.87% |
Titan Company Limited |
TTAN.IS |
Y88425148 |
Consumer Discretionary |
7,086 |
$252,889.20 |
0.85% |
Banco do Brasil S.A. |
BBAS3.BZ |
P11427112 |
Financials |
49,817 |
$246,096.76 |
0.83% |
Bank of Baroda |
BOB.IS |
Y0643L141 |
Financials |
90,080 |
$239,661.52 |
0.81% |
Britannia Industries Limited |
BRIT.IS |
Y0969R151 |
Consumer Staples |
4,154 |
$239,344.14 |
0.81% |
Hyundai Motor Company |
005380.KS |
Y38472109 |
Consumer Discretionary |
1,778 |
$240,112.97 |
0.81% |
ITC Limited |
ITC.IS |
Y4211T171 |
Consumer Staples |
50,151 |
$239,638.41 |
0.81% |
Asseco Poland S.A. |
ACP.PW |
X02540130 |
Information Technology |
5,684 |
$232,819.53 |
0.79% |
US Dollar |
$USD |
|
Other |
221,451 |
$221,451.19 |
0.75% |
Sembcorp Industries Limited |
SCI.SP |
Y79711159 |
Utilities |
45,800 |
$214,340.09 |
0.72% |
Suzano SA |
SUZB3.BZ |
P8T20U187 |
Materials |
23,011 |
$213,477.77 |
0.72% |
REC Limited |
RECL.IS |
Y73650106 |
Financials |
41,036 |
$204,564.51 |
0.69% |
Vedanta Limited |
VEDL.IS |
Y9364D105 |
Materials |
37,712 |
$203,225.38 |
0.69% |
ANTA Sports Products Limited |
2020.HK |
G04011105 |
Consumer Discretionary |
18,099 |
$198,998.98 |
0.67% |
Eurobank Ergasias Services and Holdings S.A. |
EUROB.GA |
X2321W101 |
Financials |
72,800 |
$195,560.16 |
0.66% |
Samsung SDS Co., Ltd. |
018260.KS |
Y7T72C103 |
Information Technology |
2,465 |
$195,165.29 |
0.66% |
Orient Overseas (International) Limited |
316.HK |
G67749153 |
Industrials |
12,703 |
$188,039.69 |
0.64% |
SABIC Agri-Nutrients Company |
SAFCO.AB |
M8T36M107 |
Materials |
6,654 |
$187,804.15 |
0.63% |
Global Unichip Corporation |
3443.TT |
Y2724H114 |
Information Technology |
5,690 |
$184,918.25 |
0.62% |
Meituan (Class B) |
3690.HK |
G59669104 |
Consumer Discretionary |
9,097 |
$183,054.47 |
0.62% |
Samsung Biologics Co., Ltd. |
207940.KS |
Y7T7DY103 |
Health Care |
248 |
$172,084.99 |
0.58% |
Chicony Electronics Co., Ltd. |
2385.TT |
Y1364B106 |
Information Technology |
32,849 |
$168,139.91 |
0.57% |
Jentech Precision Industrial Company Ltd. |
3653.TT |
Y4432G115 |
Information Technology |
5,630 |
$169,557.69 |
0.57% |
Fufeng Group Limited |
546.HK |
G36844119 |
Materials |
202,755 |
$159,091.84 |
0.54% |
China Merchants Port Holdings Company Limited |
144.HK |
Y1489Q103 |
Industrials |
91,025 |
$156,511.99 |
0.53% |
ICL Group Ltd. |
ICL.IT |
M53213100 |
Materials |
27,743 |
$157,555.15 |
0.53% |
Kumba Iron Ore Limited |
KIO.SJ |
S4341C103 |
Materials |
9,226 |
$157,019.20 |
0.53% |
Reliance Industries Ltd. |
RELIANCE.IS |
Y72596102 |
Energy |
10,489 |
$155,947.84 |
0.53% |
Unimicron Technology Corporation |
3037.TT |
Y90668107 |
Information Technology |
54,590 |
$155,507.83 |
0.53% |
Wisdom Marine Lines Co., Ltd. |
2637.TT |
G9721M103 |
Industrials |
72,935 |
$155,558.64 |
0.53% |
KT Corporation |
030200.KS |
Y49915104 |
Communication Services |
4,604 |
$155,038.71 |
0.52% |
Bank Handlowy w Warszawie S.A. |
BHW.PW |
X05318104 |
Financials |
4,946 |
$148,970.41 |
0.50% |
Exxaro Resources Limited |
EXX.SJ |
S26949107 |
Energy |
18,209 |
$147,442.10 |
0.50% |
LIC Housing Finance Limited |
LICHF.IS |
Y5278Z133 |
Financials |
21,004 |
$137,851.86 |
0.47% |
OPAP S.A. |
OPAP.GA |
X3232T104 |
Consumer Discretionary |
7,019 |
$139,438.98 |
0.47% |
Sunway Real Estate Investment Trust |
SREIT.MK |
Y83099104 |
Real Estate |
324,800 |
$133,395.21 |
0.45% |
Indian Railway Catering and Tourism Corporation Ltd. |
IRCTC.IS |
Y3R2EY120 |
Industrials |
14,896 |
$126,222.94 |
0.43% |
Bora Pharmaceuticals Co., Ltd. |
6472.TT |
Y09282107 |
Health Care |
5,861 |
$120,272.84 |
0.41% |
Tripod Technology Corporation |
3044.TT |
Y8974X105 |
Information Technology |
19,963 |
$119,675.30 |
0.40% |
COSCO SHIPPING Ports Limited |
1199.HK |
G2442N104 |
Industrials |
190,550 |
$114,788.43 |
0.39% |
Enel Chile SA |
ENELCHIL.CI |
P3762G109 |
Utilities |
1,714,490 |
$112,726.55 |
0.38% |
Motor Oil (Hellas) Corinth Refineries S.A. |
MOH.GA |
X55904100 |
Energy |
4,725 |
$113,222.95 |
0.38% |
IOI Corporation Bhd |
IOI.MK |
Y41763106 |
Consumer Staples |
128,600 |
$105,866.31 |
0.36% |
China Resources Pharmaceutical Group Limited |
3320.HK |
Y1511B108 |
Health Care |
152,815 |
$99,348.08 |
0.34% |
PT Indofood Sukses Makmur Tbk |
INDF.IJ |
Y7128X128 |
Consumer Staples |
234,434 |
$99,801.60 |
0.34% |
TIME dotCom Berhad |
TDC.MK |
Y8839J101 |
Communication Services |
89,200 |
$100,305.98 |
0.34% |
Alliance Bank Malaysia Berhad |
ABMB.MK |
Y0034W102 |
Financials |
86,000 |
$89,609.99 |
0.30% |
Banco del Bajio S.A. |
BBAJIOO.MM |
P1R2ZN117 |
Financials |
41,091 |
$89,271.75 |
0.30% |
China Medical System Holdings Limited |
867.HK |
G21108124 |
Health Care |
82,522 |
$79,119.02 |
0.27% |
LTIMindtree Limited |
LTIM.IS |
Y5S745101 |
Information Technology |
1,533 |
$80,086.74 |
0.27% |
PT Alamtri Resources Indonesia Tbk |
ADRO.IJ |
Y7087B109 |
Energy |
736,198 |
$81,261.75 |
0.27% |
Wiwynn Corporation |
6669.TT |
Y9673D101 |
Information Technology |
1,532 |
$77,579.33 |
0.26% |
Aksa Enerji Uretim A.S. |
AKSEN.TI |
M03829104 |
Utilities |
77,141 |
$71,382.35 |
0.24% |
Fleury S.A. |
FLRY3.BZ |
P418BW104 |
Health Care |
34,270 |
$70,264.07 |
0.24% |
MISC Bhd |
MISC.MK |
Y6080H105 |
Industrials |
43,400 |
$70,210.08 |
0.24% |
Sino-American Silicon Products Inc. |
5483.TT |
Y8022X107 |
Information Technology |
20,693 |
$70,969.89 |
0.24% |
Alsea, S.A.B. de C.V. |
ALSEA*.MM |
P0212A104 |
Consumer Discretionary |
31,154 |
$66,252.26 |
0.22% |
iShares Core MSCI Emerging Markets ETF |
IEMG |
46434G103 |
Other |
1,058 |
$57,100.26 |
0.19% |
Topsports International Holdings Limited |
6110.HK |
G8924B104 |
Consumer Discretionary |
123,133 |
$54,193.39 |
0.18% |
Nan Ya Printed Circuit Board Corporation |
8046.TT |
Y6205K108 |
Information Technology |
15,161 |
$47,065.30 |
0.16% |
Zloty |
$PLN |
|
Other |
185,790 |
$47,975.52 |
0.16% |
Torunlar Gayrimenkul Yatirim Ortakligi A.S. |
TRGYO.TI |
M8820E106 |
Real Estate |
26,574 |
$42,506.88 |
0.14% |
Infosys Limited |
INFO.IS |
Y4082C133 |
Information Technology |
1,576 |
$28,878.74 |
0.10% |
South Korean Won |
$KRW |
|
Other |
45,230,211 |
$30,680.15 |
0.10% |
New Turkish Lira |
$TRY |
|
Other |
617,948 |
$16,284.34 |
0.06% |
Absa Group Limited |
ABG.SJ |
S0270C106 |
Financials |
1,591 |
$15,417.07 |
0.05% |
Indian Rupee |
$INR |
|
Other |
1,333,197 |
$15,598.42 |
0.05% |
ITC Hotels Limited |
ITCHOTEL.IS |
Y4211S140 |
Consumer Discretionary |
4,979 |
$11,505.81 |
0.04% |
New Taiwan Dollar |
$TWD |
|
Other |
339,181 |
$10,216.90 |
0.03% |
Brazilian Real |
$BRL |
|
Other |
13,578 |
$2,379.59 |
0.01% |
Chilean Peso |
$CLP |
|
Other |
-5 |
($0.01) |
0.00% |
Euro |
$EUR |
|
Other |
2 |
$1.71 |
0.00% |
Philippine Peso |
$PHP |
|
Other |
47,018 |
$821.15 |
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 |
19 |
$5.02 |
0.00% |
Severstal PJSC |
CHMF.RM |
X7803S106 |
Materials |
23,602 |
$0.00 |
0.00% |
South African Rand |
$ZAR |
|
Other |
-47 |
($2.55) |
0.00% |
Currency Forward Positions
USD->TWD 04-30-2025 |
-99,000,000.00 TWD |
$2,992,535.98 |
($3,179.87) |
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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