COLLEGE RETIREMENT EQUITIES FUND Form NPORT-P Filed 2021

SECURITIES AND EXCHANGE COMMISSION

FORM NPORT-P

Filing Date: 2021-05-25 | Period of Report: 2021-03-31 SEC Accession No. 0001752724-21-108908

(HTML Version on secdatabase.com)

COLLEGE RETIREMENT EQUITIES FUND STOCK ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) GOVERNMENT BONDS - 0.0%

U.S. TREASURY SECURITIES - 0.0% $ 300,000 United States Treasury Note 1.750% 05/15/22 $ 306 TOTAL U.S. TREASURY SECURITIES 306

TOTAL GOVERNMENT BONDS 306 (Cost $300)

SHARES COMPANY COMMON STOCKS - 98.2%

AUTOMOBILES & COMPONENTS - 2.0% 16,427 e AB Dynamics plc 460 2,333,791 * Adient plc 103,154 238,353 Aisin Seiki Co Ltd 9,078 176,051 * American Axle & Manufacturing Holdings, Inc 1,701 254,942 * Apollo Tyres Ltd 784 535,860 * Aptiv plc 73,895 77,571 ARB Corp Ltd 2,039 302,713 *,g Aston Martin Lagonda Global Holdings plc 8,342 34,655,507 Astra International Tbk PT 12,630 322 Autoliv, Inc 30 2,688 *,e Autoneum Holding AG. 505 26,277 * Bajaj Holdings and Investment Ltd 1,322 30,679 Balkrishna Industries Ltd 710 581,432 Bayerische Motoren Werke AG. 60,339 2,941 Bayerische Motoren Werke AG. (Preference) 234 391,134 * Bharat Forge Ltd 3,201 56,672 BorgWarner, Inc 2,627 237,257 Bridgestone Corp 9,646 1,248,497 † Brilliance China Automotive Holdings Ltd 1,181 42,443 BYD Co Ltd 1,078 625,462 BYD Co Ltd (H shares) 13,533 14,843 * Ceat Ltd 317 5,639 Changzhou Xingyu Automotive Lighting Systems Co Ltd 163 927,554 Chaowei Power Holdings Ltd 350 664,885 Cheng Shin Rubber Industry Co Ltd 1,127 159,791 * China Motor Corp 372 71,983 * Chongqing Changan Automobile Co Ltd 157 74,203 Cie Automotive S.A. 1,947 61,147 Cie Plastic Omnium SA 2,238

VALUE SHARES COMPANY (000) 1,012,420 Cofide S.p.A. $ 563 199,761 Continental AG. 26,443 2,444,424 *,e Controladora Nemak SAB de C.V. 307 78,150 e Cooper Tire & Rubber Co 4,375 28,309 * Cooper-Standard Holding, Inc 1,028 43,847 Cub Elecparts, Inc 377 41,700 Daikyonishikawa Corp 293 469,864 Daimler AG. (Registered) 41,935 227,777 Dana Inc 5,542 379,206 Denso Corp 25,279 72,000 Depo Auto Parts Ind Co Ltd 158 299,613 e,g Dometic Group AB 4,355 1,076,517 Dongfeng Motor Group Co Ltd 1,004 33,766 * Dorman Products, Inc 3,466 1,195,268 Drb-Hicom BHD 554 27,700 Eagle Industry Co Ltd 299 285,213 * Eicher Motors Ltd 10,193 27,052 * ElringKlinger AG. 397 26,791 *,g Endurance Technologies Ltd 535 18,982 Exedy Corp 288 320,616 Exide Industries Ltd 808 12,328 h Faurecia 656 655 *,h Faurecia SE 35 79,686 * FAW Jiefang Group Co Ltd 133 36,000 FCC Co Ltd 606 62,511 Ferrari NV 13,076 3,058,611 * Ford Motor Co 37,468 26,058 Ford Otomotiv Sanayi AS 610 46,122 * Fox Factory Holding Corp 5,860 155,290 Freni Brembo SpA 1,933 288,301 Fuji Heavy Industries Ltd 5,762 60,480 Futaba Industrial Co Ltd 325 45,863 Fuyao Glass Industry Group Co Ltd 324 210,962 g Fuyao Glass Industry Group Co Ltd (Hong Kong) 1,258 10,449,302 Geely Automobile Holdings Ltd 26,876 3,502,980 *,e General Motors Co 201,281 4,230,271 *,†,e,q General Motors Co 0 130,517 Gentex Corp 4,656 78,183 * Gentherm, Inc 5,794 162,006 *,g Gestamp Automocion S.A. 823 10,783 Global & Yuasa Battery Co Ltd 746 32,000 Global PMX Co Ltd 210 366,776 * Goodyear Tire & Rubber Co 6,444 2,031,246 Great Wall Motor Co Ltd 5,680 55,159 Great Wall Motor Co Ltd 256 24,700 G-Tekt Corp 337 1,243,042 Guangzhou Automobile Group Co Ltd (Hong Kong) 1,049 83,250 GUD Holdings Ltd 742 5,080 Halla Holdings Corp 184 29,043 Hankook Tire Co Ltd 1,264 17,491 Hankook Tire Worldwide Co Ltd 287 72,259 Hanon Systems 1,131 215,034 Harley-Davidson, Inc 8,623 139,943 Hero Honda Motors Ltd 5,595

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 976,086 Honda Motor Co Ltd 29,425 1,392,186 Hota Industrial Manufacturing Co Ltd 5,702 62,115 Huayu Automotive Systems Co Ltd 262

VALUE SHARES COMPANY (000) 58,068 Hyundai Mobis $ 15,062 105,702 Hyundai Motor Co 20,486 14,142 Hyundai Motor Co Ltd (2nd Preference) 1,231 9,711 Hyundai Motor Co Ltd (Preference) 863 12,357 Hyundai Wia Corp 847 32,500 Ichikoh Industries Ltd 224 9,616 Indus Motor Co Ltd 73 245,651 Isuzu Motors Ltd 2,638 677,342 Johnson Electric Holdings Ltd 1,827 210,200 JTEKT Corp 2,157 20,096 * Kayaba Industry Co Ltd 550 411,874 Kenda Rubber Industrial Co Ltd 638 168,284 Kia Motors Corp 12,370 777,587 * Koito Manufacturing Co Ltd 52,318 54,876 * Kuang-Chi Technologies Co Ltd 170 60,757 * Kumho Tire Co, Inc 205 30,581 LCI Industries, Inc 4,045 10,892 Lear Corp 1,974 160,200 *,e Li Auto, Inc (ADR) 4,005 106,791 Linamar Corp 6,296 259,503 Magna International, Inc 22,855 714,765 Mahindra & Mahindra Ltd 7,812 89,438 * Mahindra CIE Automotive Ltd 198 30,512 Mahle-Metal Leve S.A. Industria e Comercio 125 25,694 * Mando Corp 1,503 162,066 Martinrea International, Inc 1,582 149,607 Maruti Suzuki India Ltd 14,084 377,097 * Mazda Motor Corp 3,090 10,658 MGI Coutier 374 317,143 Michelin (C.G.D.E.) (Class B) 47,499 51,168 Minda Industries Ltd 381 679,426 Minth Group Ltd 2,846 1,280,600 * Mitsubishi Motors Corp 3,662 165,775 * Modine Manufacturing Co 2,448 505,272 * Motherson Sumi Systems Ltd 1,400 28,173 * Motorcar Parts of America, Inc 634 660 MRF Ltd 745 42,038 Musashi Seimitsu Industry Co Ltd 721 310,949 Nan Kang Rubber Tire Co Ltd 455 466,000 e,g Nemak SAB de C.V. 126 22,919 Nexen Tire Corp 155 3,854,000 Nexteer Automotive Group Ltd 4,764 69,768 NGK Spark Plug Co Ltd 1,209 211,915 * NHK Spring Co Ltd 1,595 90,512 Nifco, Inc 3,310 20,111 Ningbo Joyson Electronic Corp 55 16,578 Ningbo Tuopu Group Co Ltd 85 1,233,229 * NIO, Inc (ADR) 48,071 40,453 Nippon Seiki Co Ltd 470 1,032,743 * Nissan Motor Co Ltd 5,770 55,310 Nissan Shatai Co Ltd 399 33,827 *,e Niu Technologies (ADR) 1,240 121,288 NOK Corp 1,652 135,010 e Nokian Renkaat Oyj 4,890

VALUE SHARES COMPANY (000) 617,672 Piaggio & C S.p.A. $ 2,344 30,994 Piolax Inc 456 359,414 g Pirelli & C S.p.A 2,107 276,421 Porsche AG. 29,329 101,954 Press Kogyo Co Ltd 308 85,500 Prinx Chengshan Cayman Holding Ltd 89 2,245,600 PT Selamat Sempurna Tbk 207 616,830 Qingling Motors Co Ltd 120 133,970 *,e QuantumScape Corp 5,995 158,896 Renault S.A. 6,871 39,591 S&T Daewoo Co Ltd 2,182 195,023 SAIC Motor Corp Ltd 587 366,920 Sanyang Industry Co Ltd 399 38,905 Shandong Linglong Tyre Co Ltd 279 24,600 Shoei Co Ltd 1,016 10,287 SL Corp 204 733,654 Sri Trang Agro-Industry PCL (Foreign) 1,097 29,801 Standard Motor Products, Inc 1,239 57,349 Stanley Electric Co Ltd 1,713 387,126 * Stellantis NV 6,846 43,458 Stellantis NV 769 179,325 * Stoneridge, Inc 5,704 335,640 Sumitomo Electric Industries Ltd 5,047 41,417 Sumitomo Riko Co Ltd 268 172,900 e Sumitomo Rubber Industries, Inc 2,047 74,968 Sundram Fasteners Ltd 823 169,658 * Suzuki Motor Corp 7,728 29,600 Tachi-S Co Ltd 322 1,484,083 * Tata Motors Ltd 6,168 26,400 Teikoku Piston Ring Co Ltd 384 79,942 * Tenneco, Inc 857 1,414,539 * Tesla, Inc 944,813 99,412 Thor Industries, Inc 13,395 217,121 g TI Fluid Systems plc 808 513,118 e Tianneng Power International Ltd 972 509,149 Tofas Turk Otomobil Fabrik 2,046 54,847 Tokai Rika Co Ltd 933 255,699 Tong Yang Industry Co Ltd 325 36,568 Topre Corp 517 106,925 e Toyo Tire & Rubber Co Ltd 1,899 364,247 e Toyoda Gosei Co Ltd 9,603 65,995 Toyota Boshoku Corp 1,094 64,971 Toyota Industries Corp 5,806 3,450,951 * Toyota Motor Corp 268,553 8,663 Trigano S.A. 1,619 83,400 TS Tech Co Ltd 1,246 74,596 Tube Investments of India Ltd 1,220 53,683 * Tupy S.A. 199 332,857 TVS Motor Co Ltd 2,675 224,200 * UMW Holdings BHD 176 40,500 Unipres Corp 390 770,609 Valeo S.A. 26,145 38,502 * Visteon Corp 4,695 27,221 Volkswagen AG. 9,875

VALUE SHARES COMPANY (000) 15,601 Weifu High-Technology Group Co Ltd $ 57 91,219 Winnebago Industries, Inc 6,997 146,275 *,e Workhorse Group, Inc 2,014 661,907 Xingda International Holdings Ltd 176 25,269 *,e XPEL, Inc 1,312 148,442 * XPeng, Inc (ADR) 5,420 425,031 g Yadea Group Holdings Ltd 947 238,865 Yamaha Motor Co Ltd 5,879 121,500 Yokohama Rubber Co Ltd 2,183 417,860 * Yulon Motor Co Ltd 647 TOTAL AUTOMOBILES & COMPONENTS 2,646,815

BANKS - 6.7% 5,922 e 1st Constitution Bancorp 104 25,530 e 1st Source Corp 1,215 50,003 77 Bank Ltd 705 61,737 Aareal Bank AG. 1,753 21,761 * Aavas Financiers Ltd 722 28,759 *,g ABN AMRO Group NV (ADR) 349 626,133 Absa Group Ltd 5,349 1,116,515 * Abu Dhabi Commercial Bank PJSC 1,884 511,108 Abu Dhabi Islamic Bank PJSC 680 11,000 ACNB Corp 322 24,130,383 Agricultural Bank of China Ltd 9,673 3,940,062 Agricultural Bank of China Ltd (Class A) 2,045 21,215,715 * AIB Group plc 55,659 8,547 Aichi Bank Ltd 233 1,239,841 Akbank TAS 708 55,991 Aktia Bank Oyj 647 579,242 Al Ahli Bank of Kuwait KSCP 387 1,051,484 Al Rajhi Bank 27,713 375,159 * Alinma Bank 1,843 70,197 * Alior Bank S.A. 408 29,679 e Allegiance Bancshares, Inc 1,203 732,100 * Alliance Financial Group BHD 468 1,072,341 * Alpha Bank AE 1,154 25,850 Altabancorp 1,087 315,270 *,† Amagerbanken AS 0 50,290 Amalgamated Financial Corp 834 39,038 *,e Amerant Bancorp Inc 725 16,238 American National Bankshares, Inc 537 113,586 Ameris Bancorp 5,964 11,088 e Ames National Corp 284 22,883 Amlak International for Real Estate Finance Co 135 627,834 AMMB Holdings BHD 444 19,000 e Aomori Bank Ltd 434 131,500 e Aozora Bank Ltd 3,015 239,574 Arab National Bank 1,336 16,897 Arrow Financial Corp 563 31,280 Aruhi Corp 511 24,447 Associated Banc-Corp 522 68,220 * Atlantic Capital Bancshares, Inc 1,644 122,425 Atlantic Union Bankshares Corp 4,696 57,767 *,g AU Small Finance Bank Ltd 974

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1,885 e Auburn National Bancorporation, Inc 72 3,350,152 Australia & New Zealand Banking Group Ltd 71,929

VALUE SHARES COMPANY (000) 34,444 Awa Bank Ltd $ 776 1,953,302 * Axis Bank Ltd 18,752 146,076 * Axos Financial, Inc 6,867 65,301 e Banc of California, Inc 1,181 212,165 *,e Banca Monte dei Paschi di Siena S.p.A 284 458,919 * Banca Popolare di Sondrio SCARL 1,535 28,654 e Bancfirst Corp 2,026 64,765 Banco ABC Brasil S.A. 167 51,011 *,e Banco BBVA Argentina S.A. (ADR) 139 19,866,456 * Banco Bilbao Vizcaya Argentaria S.A. 103,527 1,453,897 e Banco BPM S.p.A. 4,147 4,559,902 Banco Bradesco S.A. 19,046 8,986,216 Banco Bradesco S.A. (Preference) 42,739 42,379,654 *,e Banco Comercial Portugues S.A. 5,764 17,062,940 Banco de Chile 2,011 20,801 Banco de Credito e Inversiones 1,100 5,884,262 * Banco de Sabadell S.A. 3,155 546,674 *,e,g Banco del Bajio S.A. 737 1,745,453 Banco do Brasil S.A. 9,443 155,420 Banco do Estado do Rio Grande do Sul 332 16,063,377 *,† Banco Espirito Santo S.A. 188 533,200 Banco Inter S.A. 14,845 34,412 *,e Banco Macro S.A. (ADR) (Class B) 459 2,710,801 Banco Pan S.A. 5,293 153,910 Banco Santander Brasil S.A. 1,083 24,933,355 Banco Santander Chile S.A. 1,556 3,759,536 Banco Santander S.A. (AQXE) 12,823 99,373 BanColombia S.A. 780 400,588 BanColombia S.A. (Preference) 3,192 157,924 BancorpSouth Bank 5,129 638,092 *,g Bandhan Bank Ltd 2,985 498,481 Bangkok Bank PCL (Foreign) 2,013 139,641 Bank AlBilad 1,312 616,004 Bank Alfalah Ltd 123 167,796 Bank Al-Jazira 702 2,263,200 * Bank Brisyariah Tbk PT 358 1,470,900 Bank BTPN Syariah Tbk PT 353 8,364,774 Bank Central Asia Tbk PT 17,914 5,684 e Bank First Corp 426 25,672 * Bank Handlowy w Warszawie S.A. 255 197,797 * Bank Hapoalim Ltd 1,538 253,062 * Bank Leumi Le-Israel 1,667 473,996 * Bank Millennium S.A. 453 22,263,221 Bank of America Corp 861,364 592,362 Bank of Beijing Co Ltd 434 48,020 Bank of Chengdu Co Ltd 83 1,819,444 Bank of China Ltd 931 68,150,912 Bank of China Ltd (Hong Kong) 25,995 24,698 e Bank of Commerce Holdings 315 2,274,212 Bank of Communications Co Ltd 1,719 8,030,625 Bank of Communications Co Ltd (Hong Kong) 5,121 1,245,268 Bank of East Asia Ltd 2,653 42,640 Bank of Georgia Group plc 647 307,395 Bank of Hangzhou Co Ltd 793

VALUE SHARES COMPANY (000) 9,259 Bank of Iwate Ltd $ 200 423,318 Bank of Jiangsu Co Ltd 418 409,926 Bank of Kaohsiung 150 50,445 Bank of Kyoto Ltd 3,108 40,034 Bank of Marin Bancorp 1,568 790,071 Bank of Montreal 70,426 13,310 e Bank of Nagoya Ltd 379 194,514 Bank of Nanjing Co Ltd 301 318,470 Bank of Ningbo Co Ltd 1,894 1,241,467 Bank of Nova Scotia 77,667 147,189 Bank of NT Butterfield & Son Ltd 5,626 23,200 Bank of Okinawa Ltd 640 3,655 e Bank of Princeton 105 656,902 e Bank of Queensland Ltd (ASE) 4,328 778,049 Bank of Shanghai Co Ltd 1,044 740,900 Bank of the Philippine Islands 1,246 34,105 Bank of the Ryukyus Ltd 241 21,062 Bank OZK 860 70,713 * Bank Pekao S.A. 1,262 1,921,200 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 193 3,126,200 Bank Pembangunan Daerah Jawa Timur Tbk PT 169 87,634,359 * Bank Rakyat Indonesia 26,587 10,688,500 * Bank Tabungan Negara Persero Tbk PT 1,268 14,056 * Bank Zachodni WBK S.A. 777 3,309 e Bank7 Corp 58 36,027 BankFinancial Corp 372 696,475 Bankinter S.A. 4,847 219,219 BankUnited 9,635 4,337 e Bankwell Financial Group, Inc 117 54,114 Banner Corp 2,886 25,061 Banque Cantonale Vaudoise 2,445 234,587 Banque Saudi Fransi 2,090 25,904 Bar Harbor Bankshares 762 47,031,710 Barclays plc 120,444 945,840 *,g BAWAG Group AG. 48,787 17,507 * Baycom Corp 315 21,332 BCB Bancorp, Inc 294 4,348,316 h BDO Unibank, Inc 9,149 566,879 e Bendigo Bank Ltd 4,342 176,912 Berkshire Hills Bancorp, Inc 3,949 397,900 BIMB Holdings BHD 406 1,323,807 BNP Paribas S.A. 80,659 3,538,169 BOC Hong Kong Holdings Ltd 12,378 5,055 *,e Bogota Financial Corp 52 35,307 BOK Financial Corp 3,154 120,512 Boston Private Financial Holdings, Inc 1,605 368,983 Boubyan Bank KSCP 738 6,407,550 e BPER Banca 14,084 11,660 BRE Bank S.A. 632 53,239 * Bridgewater Bancshares, Inc 860 125,753 Brookline Bancorp, Inc 1,886 30,998 Bryn Mawr Bank Corp 1,411 211,952 BS Financial Group, Inc 1,272 5,652,367 Bumiputra-Commerce Holdings BHD 5,923

VALUE SHARES COMPANY (000) 119,407 Byline Bancorp, Inc $ 2,525 1,219 e C&F Financial Corp 54 558,004 Cadence BanCorp 11,567 2,999,286 CaixaBank S.A. 9,312 5,974 *,e California Bancorp, Inc 106 10,299 Cambridge Bancorp 868 23,559 Camden National Corp 1,128 40,835 Can Fin Homes Ltd 344 513,187 e Canadian Imperial Bank of Commerce 50,249 171,938 e Canadian Western Bank 4,377 6,602 *,e Capital Bancorp, Inc 127 16,641 Capital City Bank Group, Inc 433 688,016 * Capitec Bank Holdings Ltd 66,140 259,067 Capitol Federal Financial 3,431 23,795 Capstar Financial Holdings, Inc 410 32,502 * Carter Bankshares, Inc 454 211,861 Cathay General Bancorp 8,640 7,580 e CB Financial Services, Inc 168 25,110 CBTX, Inc 771 306,803 Central Pacific Financial Corp 8,186 17,307 Central Valley Community Bancorp 319 5,103 e Century Bancorp, Inc 476 1,834,342 Chang Hwa Commercial Bank 1,131 5,043 Chemung Financial Corp 211 416,016 Chiba Bank Ltd 2,723 1,007,793 *,g China Bohai Bank Co Ltd 452 8,211,490 China Citic Bank 4,176 309,407 China Construction Bank Corp 347 83,002,546 China Construction Bank Corp (Hong Kong) 69,964 2,221,304 China Everbright Bank Co Ltd 1,384 3,282,845 China Everbright Bank Co Ltd (Hong Kong) 1,434 3,458,481 China Merchants Bank Co Ltd 26,496 2,824,029 China Merchants Bank Co Ltd (Class A) 22,095 2,033,448 China Minsheng Banking Corp Ltd 1,568 5,399,135 China Minsheng Banking Corp Ltd (Hong Kong) 3,135 383,729 China Zheshang Bank Co Ltd 239 15,466,388 Chinatrust Financial Holding Co 12,003 11,752 e ChoiceOne Financial Services, Inc 283 1,152,946 Chongqing Rural Commercial Bank 497 744,500 Chongqing Rural Commercial Bank Co Ltd 482 146,200 Chugoku Bank Ltd 1,236 11,100 Chukyo Bank Ltd 176 187,340 CIT Group, Inc 9,650 5,919,808 Citigroup, Inc 430,666 17,673 Citizens & Northern Corp 420 2,279,454 Citizens Financial Group, Inc 100,638 3,562 e Citizens Holding Co 71 24,030 City Holding Co 1,965 276,107 * City Union Bank Ltd 590 47,989 Civista Bancshares, Inc 1,101 155,810 Close Brothers Group plc 3,330 28,188 CNB Financial Corp 694 6,718 * Coastal Financial Corp 176 7,692 Codorus Valley Bancorp, Inc 142

VALUE SHARES COMPANY (000) 113,455 Columbia Banking System, Inc $ 4,889 65,458 * Columbia Financial, Inc 1,144 28,823 Comerica, Inc 2,068 19,590 e Commerce Bancshares, Inc 1,501 759,186 Commercial Bank of Qatar QSC 1,011 2,986,990 Commercial International Bank 10,983 1,019,720 Commerzbank AG. 6,258 2,011,215 Commonwealth Bank of Australia 131,965 83,259 Community Bank System, Inc 6,388 27,265 e Community Bankers Trust Corp 240 3,525 e Community Financial Corp 121 24,505 Community Trust Bancorp, Inc 1,079 718,560 Concordia Financial Group Ltd 2,915 100,032 ConnectOne Bancorp, Inc 2,536 3,937 e County Bancorp, Inc 94 161,836 Credicorp Ltd (NY) 22,102 2,375,406 Credit Agricole S.A. 34,401 69,719 * Credito Emiliano S.p.A. 407 60,723 * Credito Valtellinese S.p.A 868 71,708 * CrossFirst Bankshares, Inc 989 9,609 Cullen/Frost Bankers, Inc 1,045 47,368 * Customers Bancorp, Inc 1,507 389,705 CVB Financial Corp 8,609 5,646,074 *,† Cyprus Popular Bank Public Co Ltd 66 348,827 Dah Sing Banking Group Ltd 395 115,108 Dah Sing Financial Holdings Ltd 380 32,586 Daishi Hokuetsu Financial Group, Inc 769 47,100 Danske Bank AS 881 1,981,668 DBS Group Holdings Ltd 42,490 116,975 * DCB Bank Ltd 165 135,753 g Deutsche Pfandbriefbank AG. 1,581 131,463 DGB Financial Group Co Ltd 981 57,124 Dime Community Bancshares, Inc 1,722 287,205 DNB NOR Holding ASA 6,124 1,239,429 Doha Bank QSC 773 730,827 Dubai Islamic Bank PJSC 907 9,864,864 E.Sun Financial Holding Co Ltd 9,033 10,696 Eagle Bancorp Montana, Inc 260 48,665 Eagle Bancorp, Inc 2,589 132,532 e East West Bancorp, Inc 9,781 235,001 Eastern Bankshares, Inc 4,533 31,575 Ehime Bank Ltd 293 2,262,637 Emirates NBD Bank PJSC 7,097 13,835 Enterprise Bancorp, Inc 450 40,363 Enterprise Financial Services Corp 1,996 12,311 Equitable Group, Inc 1,236 25,655 * Equity Bancshares, Inc 703 19,009 Erste Bank der Oesterreichischen Sparkassen AG. 644 8,790 * Esquire Financial Holdings, Inc 200 6,301 e ESSA Bancorp, Inc 101 232,853 Essent Group Ltd 11,058 1,987,222 * Eurobank Ergasias S.A. 1,690 9,762 e Evans Bancorp, Inc 331 1,692,885 Far Eastern International Bank 636

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 10,610 Farmers & Merchants Bancorp, Inc 267 55,727 Farmers National Banc Corp 931

VALUE SHARES COMPANY (000) 48,174 FB Financial Corp $ 2,142 12,562 Federal Agricultural Mortgage Corp (FAMC) 1,265 1,477,893 * Federal Bank Ltd 1,538 17,129 * FIBI Holdings Ltd 537 5,902 e Fidelity D&D Bancorp, Inc 363 6,145,355 Fifth Third Bancorp 230,144 25,528 Financial Institutions, Inc 773 1,016,306 FinecoBank Banca Fineco S.p.A 16,627 109,246 First Bancorp (NC) 4,752 766,736 e First Bancorp (Puerto Rico) 8,633 12,680 First Bancorp, Inc 370 33,308 First Bancshares, Inc 1,219 9,686 First Bank 118 83,518 First Busey Corp 2,142 12,401 First Business Financial Services, Inc 307 2,613 e First Capital Inc 127 11,965 First Choice Bancorp 291 2,171 e First Citizens Bancshares, Inc (Class A) 1,814 152,340 First Commonwealth Financial Corp 2,189 28,620 First Community Bancshares, Inc 858 5,857 e First Community Corp 117 240,589 First Financial Bancorp 5,774 97,507 First Financial Bankshares, Inc 4,557 22,509 First Financial Corp 1,013 8,981,788 First Financial Holding Co Ltd 6,998 173,788 First Foundation, Inc 4,077 313 e First Guaranty Bancshares, Inc 6 20,062 First Hawaiian, Inc 549 94,533 First Horizon National Corp 1,599 61,545 * First International Bank Of Israel Ltd 1,716 22,133 e First Internet Bancorp 780 66,389 First Interstate Bancsystem, Inc 3,057 87,842 First Merchants Corp 4,085 24,058 First Mid-Illinois Bancshares, Inc 1,057 177,796 First Midwest Bancorp, Inc 3,896 18,696 First National Financial Corp 736 13,112 First Northwest Bancorp 218 38,976 First of Long Island Corp 828 449,631 First Republic Bank 74,976 2,762 First Savings Financial Group, Inc 185 10,624 e First United Corp 187 4,865 * First Western Financial, Inc 122 197,863 Flagstar Bancorp, Inc 8,924 47,322 Flushing Financial Corp 1,005 52,384 FNB Corp 665 12,246 FNCB Bancorp Inc 92 2,820 e Franklin Financial Services Corp 88 6,313 FS Bancorp, Inc 424 5,200 *,† FS Finans A.S. 0 110,177 Fukuoka Financial Group, Inc 2,091 248,531 Fulton Financial Corp 4,232 7,682 * FVCBankcorp, Inc 133 421,459 * Genworth Mortgage Insurance Australia Ltd 821 39,353 German American Bancorp, Inc 1,819

VALUE SHARES COMPANY (000) 157,854 Great Western Bancorp, Inc $ 4,781 2,793 e Greene County Bancorp, Inc 70 2,072,261 * Grupo Financiero Banorte S.A. de C.V. 11,672 83,967 e Grupo Financiero Galicia S.A. (ADR) (Class B) 639 900,577 * Grupo Financiero Inbursa S.A. 818 994,823 Grupo Security S.A. 242 13,968 Guaranty Bancshares, Inc 513 651,010 Gulf Bank KSCP 474 347,400 Gunma Bank Ltd 1,246 54,102 Habib Bank Ltd 41 367,800 Hachijuni Bank Ltd 1,339 263,993 Hana Financial Group, Inc 9,985 137,608 Hancock Whitney Corp 5,781 729,957 Hang Seng Bank Ltd 14,174 110,851 Hanmi Financial Corp 2,187 88,732 HarborOne Northeast Bancorp, Inc 1,195 3,908 e Hawthorn Bancshares Inc 83 15,181 HBT Financial, Inc 260 578,764 * HDFC Bank Ltd 11,847 181,159 * HDFC Bank Ltd (ADR) 14,074 85,992 Heartland Financial USA, Inc 4,322 235,887 Heritage Commerce Corp 2,883 57,912 Heritage Financial Corp 1,635 349,829 Hilltop Holdings, Inc 11,940 2,036 Hingham Institution for Savings 578 267,102 e Hirogin Holdings, Inc 1,634 16,000 Hokkoku Bank Ltd 408 120,560 Hokuhoku Financial Group, Inc 1,120 10,487 Home Bancorp, Inc 378 240,247 e Home Bancshares, Inc 6,499 51,173 * Home Capital Group, Inc 1,255 6,917 * Home Point Capital, Inc 64 35,081 HomeStreet, Inc 1,546 55,005 HomeTrust Bancshares, Inc 1,339 550,088 Hong Leong Bank BHD 2,484 121,870 Hong Leong Credit BHD 512 385,967 Hope Bancorp, Inc 5,813 76,322 e Horizon Bancorp 1,418 1,495,711 Housing Development Finance Corp 51,392 18,979 * Howard Bancorp, Inc 312 11,374,107 HSBC Holdings plc 66,296 2,995,157 Hua Nan Financial Holdings Co Ltd 1,960 262,786 Huaxia Bank Co Ltd 258 3,198,903 Huntington Bancshares, Inc 50,287 181,274 Hyakugo Bank Ltd 547 14,921 Hyakujushi Bank Ltd 228 5,825,709 * ICICI Bank Ltd 46,602 1,494,861 * ICICI Bank Ltd (ADR) 23,963 2,344,930 * IDFC Bank Ltd 1,793 84,945 IIFL Finance Ltd 328 52,889 * Illimity Bank S.p.A 593 49,823 Independent Bank Corp (MA) 4,195 84,219 Independent Bank Corp (MI) 1,991 101,771 Independent Bank Group, Inc 7,352

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 318,843 * Indiabulls Housing Finance Ltd 863 2,993,639 Industrial & Commercial Bank of China Ltd 2,532

VALUE SHARES COMPANY (000) 52,116,914 Industrial & Commercial Bank of China Ltd (Hong Kong) $ 37,488 1,106,284 Industrial Bank Co Ltd 4,077 454,317 Industrial Bank of Korea 3,680 23,969,116 ING Groep NV 292,761 25,739 e Intercorp Financial Services, Inc 770 99,529 International Bancshares Corp 4,620 13,907,737 Intesa Sanpaolo S.p.A. 37,684 12,087 Investar Holding Corp 248 1,681,901 Investimentos Itau S.A. - PR 3,084 313,417 Investors Bancorp, Inc 4,604 3,370,825 iShares Core MSCI EAFE ETF 242,868 202,523 * Israel Discount Bank Ltd 842 1,170,912,582 * Itau CorpBanca Chile SA 4,486 13,510,350 Itau Unibanco Holding S.A. 67,136 243,654 Iyo Bank Ltd 1,462 685,077 e Japan Post Bank Co Ltd 6,588 206,860 JB Financial Group Co Ltd 1,198 80,400 Jiangsu Changshu Rural Commercial Bank Co Ltd 93 8,069,194 JPMorgan Chase & Co 1,228,373 31,940 Juroku Bank Ltd 638 55,708 * Jyske Bank 2,658 298,409 * Karur Vysya Bank Ltd 228 400,000 Kasikornbank PCL - NVDR 1,860 1,223,692 Kasikornbank PCL (Foreign) 5,724 729,599 KB Financial Group, Inc 35,960 787,434 KBC Groep NV 57,295 137,317 Kearny Financial Corp 1,659 87,948 Keiyo Bank Ltd 364 134,111 Keycorp 2,680 161,732 Kiatnakin Bank PCL (Foreign) 316 1,333,000 King’s Town Bank 1,842 64,619 Kiyo Bank Ltd 968 26,965 Komercni Banka AS 832 492,901 * Kotak Mahindra Bank Ltd 11,872 5,545,720 Krung Thai Bank PCL (Foreign) 2,169 1,668,495 Kuwait Finance House 4,242 476,751 Kuwait International Bank KSCP 315 568,370 Kuwait Projects Co Holding KSCP 306 350,800 Kyushu Financial Group, Inc 1,506 148,067 Lakeland Bancorp, Inc 2,581 36,861 Lakeland Financial Corp 2,550 2,979 Landmark Bancorp, Inc 79 44,961 e Laurentian Bank of Canada 1,432 10,794 LCNB Corp 189 3,544 e Level One Bancorp, Inc 91 2,234,476 * Liberbank S.A. 801 242,667 LIC Housing Finance Ltd 1,428 12,459 Liechtensteinische Landesbank AG. 710 4,009 *,e Limestone Bancorp, Inc 64 45,408 e Live Oak Bancshares, Inc 3,110 71,152,180 Lloyds TSB Group plc 41,740 24,202 Luther Burbank Corp 286 55,936 M&T Bank Corp 8,480 35,102 Macatawa Bank Corp 349

VALUE SHARES COMPANY (000) 4,897 * MainStreet Bancshares Inc $ 102 3,494,689 Malayan Banking BHD 6,958 1,352,538 Malaysia Building Society 216 1,470,034 Masraf Al Rayan 1,733 15,625 MCB Bank Ltd 18 1,129,100 Mebuki Financial Group Inc 2,664 1,175,523 * Mediobanca S.p.A. 13,026 9,570,076 Mega Financial Holding Co Ltd 10,706 23,042 Mercantile Bank Corp 748 12,938 Merchants Bancorp 543 149,189 Meridian Bancorp, Inc 2,748 4,301 Meridian Corp 112 50,477 Meta Financial Group, Inc 2,287 28,493 e Metrocity Bankshares, Inc 438 3,192,374 Metropolitan Bank & Trust 2,923 14,342 * Metropolitan Bank Holding Corp 722 647,254 MGIC Investment Corp 8,964 4,879 e Mid Penn Bancorp, Inc 131 4,430 e Middlefield Banc Corp 93 37,451 e Midland States Bancorp, Inc 1,039 30,884 MidWestOne Financial Group, Inc 956 11,455,186 Mitsubishi UFJ Financial Group, Inc 61,254 11,500 Miyazaki Bank Ltd 243 24,402 * Mizrahi Tefahot Bank Ltd 636 2,315,458 Mizuho Financial Group, Inc 33,482 6,320 * MMA Capital Holdings Inc 144 954,324 e,g Moneta Money Bank AS 3,557 210,970 * Mr Cooper Group, Inc 7,333 47,568 Musashino Bank Ltd 786 13,375 MVB Financial Corp 452 27,849 Nanto Bank Ltd 496 3,122,663 National Australia Bank Ltd 61,868 196,880 National Bank Holdings Corp 7,812 2,416,382 National Bank of Abu Dhabi PJSC 9,617 414,425 e National Bank of Canada 28,153 421,120 * National Bank of Greece S.A. 1,226 2,716,354 National Bank of Kuwait SAKP 7,255 356,000 * National Bank Of Pakistan 75 8,207 National Bankshares, Inc 291 1,259,201 National Commercial Bank 17,844 6,888,672 Natwest Group plc 18,640 66,281 NBT Bancorp, Inc 2,645 151,155 Nedbank Group Ltd 1,433 75,660 e New York Community Bancorp, Inc 955 15,107 * Nicolet Bankshares, Inc 1,261 129,764 Nishi-Nippon Financial Holdings, Inc 932 268,162 * NMI Holdings, Inc 6,339 3,071,976 * Nordea Bank Abp 30,304 4,740,520 * Nordea Bank Abp 46,743 291,797 e North Pacific Bank Ltd 844 10,899 Northeast Bank 288 75,109 Northfield Bancorp, Inc 1,196 10,927 Northrim BanCorp, Inc 465 183,363 Northwest Bancshares, Inc 2,650

VALUE SHARES COMPANY (000) 242,916 * Nova Ljubljanska Banka dd (ADR) $ 2,991 5,549 e Oak Valley Bancorp 95 999,812 O-Bank Co Ltd 245 107,393 e OceanFirst Financial Corp 2,571 793 e Oconee Federal Financial Corp 21 180,075 OFG Bancorp 4,073 30,907 e Ogaki Kyoritsu Bank Ltd 622 3,095 e Ohio Valley Banc Corp 75 15,674 Oita Bank Ltd 305 314,079 Old National Bancorp 6,074 79,095 Old Second Bancorp, Inc 1,045 4,101 e OP Bancorp 43 38,182 Origin Bancorp, Inc 1,619 13,254 Orrstown Financial Services, Inc 296 798,894 * OSB Group plc 4,693 779,636 * OTP Bank 33,327 3,228,971 Oversea-Chinese Banking Corp 28,250 153,448 Pacific Premier Bancorp, Inc 6,666 114,127 PacWest Bancorp 4,354 288,949 Paragon Group of Cos plc 1,823 22,195 e Park National Corp 2,870 14,696 Parke Bancorp, Inc 294 7,729 e Partners Bancorp 56 4,545 PCB Bancorp 68 41,052 PCSB Financial Corp 682 5,437 * PDL Community Bancorp 60 29,886 Peapack Gladstone Financial Corp 923 5,115 Penns Woods Bancorp, Inc 123 113,191 PennyMac Financial Services, Inc 7,569 3,193 e Peoples Bancorp of North Carolina, Inc 75 29,470 Peoples Bancorp, Inc 978 9,235 Peoples Financial Services Corp 390 83,693 People’s United Financial, Inc 1,498 3,301,700 * Permanent TSB Group Holdings plc 4,182 1,005,127 Ping An Bank Co Ltd 3,384 12,441 Pinnacle Financial Partners, Inc 1,103 9,868 * Pioneer Bancorp, Inc 115 112,060 * Piraeus Bank S.A. 57 3,514 e Plumas Bancorp 103 49,576 *,g PNB Housing Finance Ltd 255 628,701 PNC Financial Services Group, Inc 110,280 115,124 Popular, Inc 8,096 8,786,972 g Postal Savings Bank of China Co Ltd 6,585 617,937 Postal Savings Bank of China Co Ltd 554 346,231 Powszechna Kasa Oszczednosci Bank Polski S.A. 2,865 40,636 Preferred Bank 2,588 19,190 Premier Financial Bancorp, Inc 357 115,751 Premier Financial Corp 3,850 59,639 Primis Financial Corp 867 12,349 * Professional Holding Corp 227 57,680 e Prosperity Bancshares, Inc 4,320 11,047 Provident Bancorp Inc 159 3,864 Provident Financial Holdings, Inc 65 109,281 Provident Financial Services, Inc 2,435

VALUE SHARES COMPANY (000) 6,380,253 * PT Bank Negara Indonesia $ 2,520 12,641,205 Public Bank BHD 12,811 247,031 Qatar International Islamic Bank QSC 593 457,913 Qatar Islamic Bank SAQ 2,071 3,530,468 Qatar National Bank 17,450 27,726 QCR Holdings, Inc 1,309 164,441 Qingdao Rural Commercial Bank Corp 111 577,048 Radian Group, Inc 13,416 24,732 Raiffeisen International Bank Holding AG. 543 23,940 RBB Bancorp 485 367,519 *,g RBL Bank Ltd 1,050 7,164 Red River Bancshares Inc 401 162,977 *,e Regional SAB de C.V. 765 134,561 Regions Financial Corp 2,780 25,678 Reliant Bancorp Inc 737 84,635 Renasant Corp 3,502 13,996 Republic Bancorp, Inc (Class A) 620 67,110 * Republic First Bancorp, Inc 253 1,734,100 Resona Holdings, Inc 7,284 620,872 RHB Capital BHD 805 20,271 e Richmond Mutual Bancorporation, Inc 275 49,206 Ringkjoebing Landbobank A.S. 4,809 33,482 e Riverview Bancorp, Inc 232 528,675 Riyad Bank 3,165 158,804 e Rocket Cos, Inc 3,667 1,538,620 Royal Bank of Canada 141,864 60,817 e S&T Bancorp, Inc 2,037 40,372 Sagen MI Canada, Inc 1,396 2,064 e Salisbury Bancorp, Inc 92 853,574 * Samba Financial Group 8,774 22,200 San ju San Financial Group, Inc 279 73,811 Sandy Spring Bancorp, Inc 3,206 130,864 San-In Godo Bank Ltd 664 326,180 Saudi British Bank 2,292 9,707 e SB Financial Group, Inc 177 160,466 g Sbanken ASA 1,546 6,260,134 Sberbank of Russia (ADR) 96,469 79,145 * Seacoast Banking Corp of Florida 2,868 162,490 Security Bank Corp 406 7,760 * Security National Financial Corp 73 12,077 *,e Select Bancorp, Inc 134 176,080 Senshu Ikeda Holdings, Inc 283 47,014 e ServisFirst Bancshares, Inc 2,883 649,900 e Seven Bank Ltd 1,486 2,827,352 Shanghai Commercial & Savings Bank Ltd 4,167 1,566,734 Shanghai Pudong Development Bank Co Ltd 2,632 50,800 Shiga Bank Ltd 1,101 21,578 Shikoku Bank Ltd 152 384,495 Shinhan Financial Group Co Ltd 12,770 88,235 * Shinsei Bank Ltd 1,426 398,947 e Shizuoka Bank Ltd 3,136 20,500 Shore Bancshares, Inc 349 1,239,161 Siam Commercial Bank PCL (Foreign) 4,427 23,974 Sierra Bancorp 643

VALUE SHARES COMPANY (000) 264,441 Simmons First National Corp (Class A) $ 7,846 3,833,617 SinoPac Financial Holdings Co Ltd 1,732 716,202 e Skandinaviska Enskilda Banken AB (Class A) 8,737 20,084 SmartFinancial, Inc 435 69,878 Societe Generale 1,827 18,306 South Plains Financial Inc 416 111,569 South State Corp 8,759 9,954 * Southern First Bancshares, Inc 467 10,062 Southern Missouri Bancorp, Inc 397 48,849 Southside Bancshares, Inc 1,881 92,203 Spar Nord Bank AS 984 46,662 Sparebank Oestlandet 609 184,909 SpareBank SR-Bank ASA 2,273 138,446 Sparebanken Midt-Norge 1,741 158,797 Sparebanken Nord-Norge 1,515 19,987 Spirit of Texas Bancshares, Inc 446 3,029 St Galler Kantonalbank 1,366 2,977 e Standard AVB Financial Corp 97 1,122,602 Standard Bank Group Ltd 9,531 6,614,395 Standard Chartered plc 45,544 1,588,745 * State Bank of India 7,958 29,656 e Sterling Bancorp 683 11,193 * Sterling Bancorp, Inc 63 28,979 Stock Yards Bancorp, Inc 1,480 1,609,828 Sumitomo Mitsui Financial Group, Inc 58,352 289,063 Sumitomo Mitsui Trust Holdings, Inc 10,085 11,827 Summit Financial Group, Inc 314 1,011,064 e Suruga Bank Ltd 3,904 7,378 * SVB Financial Group 3,642 526,842 Svenska Handelsbanken AB 5,727 301,414 Swedbank AB (A Shares) 5,314 60,993 Sydbank AS 1,643 24,328 e Synovus Financial Corp 1,113 2,192,978 Taichung Commercial Bank 884 3,624,148 Taishin Financial Holdings Co Ltd 1,703 1,929,425 Taiwan Business Bank 674 7,853,383 Taiwan Cooperative Financial Holding 5,830 44,397 * TBC Bank Group plc 602 813,845 TCF Financial Corp 37,811 1,172,830 TCS Group Holding plc (ADR) 68,024 9,081 e Territorial Bancorp, Inc 240 80,432 * Texas Capital Bancshares, Inc 5,704 21,273 * Texcell-NetCom Co Ltd 125 68,677 TFS Financial Corp 1,399 218,331 Thanachart Capital PCL 266 284,035 * The Bancorp, Inc 5,885 117,181 Timbercreek Financial Corp 823 9,137 e Timberland Bancorp, Inc 254 167,700 Tisco Bank PCL 523 155,643 Toho Bank Ltd 346 25,478 Tokyo TY Financial Group, Inc 323 115,264 Tomony Holdings, Inc 338 21,776 Tompkins Financial Corp 1,801 1,889,019 Toronto-Dominion Bank 123,199

VALUE SHARES COMPANY (000) 111,176 * Tristate Capital Holdings, Inc $ 2,564 68,143 *,e Triumph Bancorp, Inc 5,274 3,120,333 Truist Financial Corp 181,978 330,816 Trustco Bank Corp NY 2,438 98,239 Trustmark Corp 3,307 21,485,867 * Turkiye Garanti Bankasi AS 17,408 508,954 * Turkiye Halk Bankasi AS 267 607,536 * Turkiye Is Bankasi (Series C) 356 69,574 UMB Financial Corp 6,424 194,337 Umpqua Holdings Corp 3,411 913,730 g Unicaja Banco S.A. 920 199,339 UniCredit S.p.A. 2,106 1,224,456 Union Bank Of Taiwan 470 377,031 United Bank Ltd 294 195,362 United Bankshares, Inc 7,537 289,262 United Community Banks, Inc 9,870 1,123,427 United Overseas Bank Ltd 21,662 9,705 e United Security Bancshares 79 12,760 Unity Bancorp, Inc 281 92,827 Univest Financial Corp 2,654 5,139,424 US Bancorp 284,262 15,381 Valiant Holding 1,601 629,280 Valley National Bancorp 8,646 291,040 Van Lanschot Kempen NV (ADR) 8,139 71,964 Veritex Holdings, Inc 2,355 1,339,295 * Virgin Money UK plc 3,491 651,593 VTB Bank PJSC (GDR) Equiduct 710 118,143 * VTB Bank PJSC (GDR) Tradegate 129 42,820 Walker & Dunlop, Inc 4,399 640,799 * Warba Bank KSCP 503 256,395 Washington Federal, Inc 7,897 41,763 Washington Trust Bancorp, Inc 2,156 69,544 Waterstone Financial, Inc 1,420 14,434 Webster Financial Corp 795 7,454,672 Wells Fargo & Co 291,254 103,449 WesBanco, Inc 3,730 19,650 West Bancorporation, Inc 473 71,388 Westamerica Bancorporation 4,482 16,137 Western Alliance Bancorp 1,524 29,983 Western New England Bancorp, Inc 253 3,605,698 Westpac Banking Corp 66,882 9,549 Wintrust Financial Corp 724 217,784 Woori Financial Group, Inc 1,944 144,147 WSFS Financial Corp 7,177 17,900 Yamagata Bank Ltd 184 397,799 Yamaguchi Financial Group, Inc 2,644 1,040,235 * Yapi ve Kredi Bankasi 278 4,417,736 * Yes Bank Ltd 945 32,617 Zions Bancorporation 1,793 TOTAL BANKS 8,754,358

CAPITAL GOODS - 7.2% 546,458 3M Co 105,292 2,232 * 3M India Ltd 932

VALUE SHARES COMPANY (000) 1,456,644 Aamal Co $ 382 30,227 e Aaon, Inc 2,116 52,297 * AAR Corp 2,178 784,255 e ABB Ltd 23,858 1,849,639 Aboitiz Equity Ventures, Inc 1,316 294,270 AcBel Polytech, Inc 300 122,004 ACS Actividades de Construccion y Servicios S.A. 4,055 6,703 e Acuity Brands, Inc 1,106 38,793 Adapteo Oyj 497 263,858 AddTech AB 3,927 24,200 Advan Co Ltd 223 272,105 Advanced Drainage Systems, Inc 28,133 60,827 AECC Aero-Engine Control Co Ltd 163 118,752 AECC Aviation Power Co Ltd 828 268,732 * Aecom Technology Corp 17,228 62,253 Aecon Group, Inc 962 44,790 * Aegion Corp 1,288 133,735 * AerCap Holdings NV 7,856 83,566 Aerojet Rocketdyne Holdings, Inc 3,924 51,255 * Aerovironment, Inc 5,949 54,669 AFG Arbonia-Forster Hldg 971 19,455 e AG Growth International Inc 687 344,199 AGCO Corp 49,444 1,991 * Agrify Corp 25 1,455,100 * Agung Semesta Sejahtera Tbk PT 5 33,644 * AIA Engineering Ltd 946 51,352 Aica Kogyo Co Ltd 1,855 35,900 Aichi Corp 289 45,441 Aida Engineering Ltd 408 147,472 Air Lease Corp 7,226 998,503 Airbus SE 113,247 9,000 Airbus SE (ADR) 256 102,268 Airtac International Group 3,648 8,916 Alamo Group, Inc 1,392 26,200 Albany International Corp (Class A) 2,187 263,746 Alfa Laval AB 7,971 13,197 *,g Alfen Beheer BV 1,084 37,378 g Alimak Group AB 600 220,269 Allegion plc 27,670 2,929,400 Alliance Global Group, Inc 644 11,937 e Allied Motion Technologies, Inc 613 175,604 Allison Transmission Holdings, Inc 7,170 23,368 *,e Alpha Pro Tech Ltd 228 18,124 * Alstom RGPT 903 36,089 *,e Alta Equipment Group, Inc 469 615,909 Altra Industrial Motion Corp 34,072 227,676 Amada Co Ltd 2,543 65,615 Amara Raja Batteries Ltd 768 17,844 * Ameresco, Inc 868 40,710 * American Superconductor Corp 772 26,317 * American Woodmark Corp 2,594 31,151 Ametek, Inc 3,979 69,283 e Andritz AG. 3,114 32,887 Anest Iwata Corp 308

VALUE SHARES COMPANY (000) 216,228 Applied Industrial Technologies, Inc $ 19,714 89,012 * Aprogen KIC, Inc 165 3,510 Arad Investment & Industrial Development Ltd 339 75,136 e Arcadis NV 3,059 76,134 Arcosa, Inc 4,956 23,180 Argan, Inc 1,237 70,877 Armstrong World Industries, Inc 6,385 209,066 *,e Array Technologies, Inc 6,234 128,539 Asahi Glass Co Ltd 5,395 239,117 Aselsan Elektronik Sanayi Ve Ticaret AS 433 1,079,325 * Ashok Leyland Ltd 1,683 1,478,855 Ashtead Group plc 88,281 62,437 Ashtrom Group Ltd 1,173 835,164 Assa Abloy AB 24,036 35,516 Astec Industries, Inc 2,679 51,347 Astral Polytechnik Ltd 1,141 39,311 * Astronics Corp 709 291,439 * Atkore International Group, Inc 20,954 318,664 Atlas Copco AB (A Shares) 19,428 115,855 Atlas Copco AB (B Shares) 6,038 76,872 * ATS Automation Tooling Systems, Inc 1,619 1,118,926 Austal Ltd 1,911 135,655 AVIC Aircraft Co Ltd 503 30,600 Avic Aviation High-Technology Co Ltd 120 169,831 AVIC Electromechanical Systems Co Ltd 253 51,016 AVIC Shenyang Aircraft Co Ltd 507 1,043,037 AviChina Industry & Technology Co 701 30,759 AVICOPTER plc 238 40,804 Avon Rubber plc 1,776 117,225 * Axon Enterprise, Inc 16,695 113,727 Ayala Corp 1,736 131,153 * AZEK Co, Inc 5,515 73,714 AZZ, Inc 3,711 36,238 e Badger Daylighting Ltd 1,236 4,066,521 BAE Systems plc 28,320 701,076 Balfour Beatty plc 2,853 205,636 *,e Ballard Power Systems, Inc 5,015 154,686 * Barloworld Ltd 946 73,021 Barnes Group, Inc 3,617 14,055 BayWa AG. 620 153,313 * Beacon Roofing Supply, Inc 8,021 72,401 e Beijer Ref AB 3,179 78,812 Beijing New Building Materials plc 520 603 Belimo Holding AG. 4,875 260,408 * Bera Holding A.S. 771 955,000 BES Engineering Corp 300 24,092 BGF Co Ltd 150 690,082 * Bharat Heavy Electricals 462 110,045 e Bidvest Group Ltd 1,269 15,379 * Biesse S.p.A. 441 94,213 Bizlink Holdings Inc 886 383,382 *,e Bloom Energy Corp 10,370 40,479 * Blue Bird Corp 1,013 45,946 * Blue Star Ltd 589

VALUE SHARES COMPANY (000) 195,138 Bodycote plc $ 2,223 1,060,520 * Boeing Co 270,136 125,240 Boise Cascade Co 7,493 2,212,956 *,e Bombardier, Inc 1,708 20,168 Bonheur ASA 533 84,245 Boskalis Westminster 2,707 5,727 Bossard Holding AG. 1,257 192,902 Bouygues S.A. 7,727 133,581 Brenntag AG. 11,412 314,000 Brighton-Best International Taiwan, Inc 299 6,912 Bucher Industries AG. 3,522 8,750 Budimex S.A. 678 26,764 Bufab AB 659 985,892 * Builders FirstSource, Inc 45,716 156,100 Bunka Shutter Co Ltd 1,488 366,423 Bunzl plc 11,728 2,841 Burckhardt Compression Holding AG. 946 4,809 Burkhalter Holding AG. 371 69,048 BWX Technologies, Inc 4,553 711,108 * CAE, Inc 20,263 109,951 e Caesarstone Sdot-Yam Ltd 1,510 24,648 CAI International, Inc 1,122 18,801 Carbone Lorraine 654 82,416 Carborundum Universal Ltd 575 42,610 e Cargotec Corp (B Shares) 2,306 87,904 Carlisle Cos, Inc 14,467 4,620,261 Carrier Global Corp 195,067 1,037,802 Caterpillar, Inc 240,635 36,800 Central Glass Co Ltd 784 3,781 * Cera Sanitaryware Ltd 203 83,305 * Ceres Power Holdings plc 1,442 893,544 CH Karnchang PCL 513 57,900 e,g Changsha Broad Homes Industrial Group Co Ltd 175 81,190 * Chart Industries, Inc 11,557 358,636 Chicony Power Technology Co Ltd 1,030 61,700 China Aerospace Times Electronics Co Ltd 67 240,846 e China Aircraft Leasing Group Holdings Ltd 195 33,892 China Avionics Systems Co Ltd 78 1,146,000 China Communications Services Corp Ltd 516 635,074 China Conch Venture Holdings Ltd 2,992 270,675 China Fangda Group Co Ltd 107 145,375 China Gezhouba Group Co Ltd 168 2,494,000 China High Speed Transmission Equipment Group Co Ltd 2,518 431,036 China Lesso Group Holdings Ltd 932 658,000 China Machinery Engineering Corp 294 112,500 China National Chemical Engineering Co Ltd 120 471,812 China Railway Group Ltd 426 1,637,000 China Railway Group Ltd (Hong Kong) 868 521,200 * China Shipbuilding Industry Co Ltd 326 958,200 China State Construction Engineering Corp Ltd 760 772,000 China State Construction International Holdings Ltd 531 51,266 China Yuchai International Ltd 794 143,845 *,e Chiyoda Corp 623 12,960 Chori Co Ltd 198

VALUE SHARES COMPANY (000) 260,000 Chung Hsin Electric & Machinery Manufacturing Corp $ 484 590,988 * Churchill Capital Corp IV 15,177 8,117 Cie d’Entreprises CFE 816 574,000 CIMC Enric Holdings Ltd 412 134,500 g CIMC Vehicles Group Co Ltd 107 79,965 *,e CIMIC Group Ltd 1,071 30,779 * CIRCOR International, Inc 1,072 2,374,517 Citic Pacific Ltd 2,256 2,453,000 * Citic Resources Holdings Ltd 101 7,377 CJ Corp 615 2,284,590 CK Hutchison Holdings Ltd 18,252 49,593 CKD Corp 1,039 69,859 CNH Industrial NV 1,081 2,983,296 CNH Industrial NV (NYSE) 46,659 28,541 g Cochin Shipyard Ltd 147 210,996 * Colfax Corp 9,244 47,163 e Columbus McKinnon Corp 2,488 180,296 Comfort Systems USA, Inc 13,481 3,866,626 Compagnie de Saint-Gobain 228,330 117,217 COMSYS Holdings Corp 3,615 53,230 *,e Concrete Pumping Holdings Inc 394 19,960 Construcciones y Auxiliar de Ferrocarriles S.A. 915 76,955 * Construction Partners Inc 2,299 121,252 Contemporary Amperex Technology Co Ltd 6,027 288,450 Continental Engineering Corp 247 1,388 Conzzeta AG. 1,718 812,018 * Cornerstone Building Brands, Inc 11,393 25,995 Cosel Co Ltd 257 132,516 Crane Co 12,445 11,231 CS Wind Corp 761 295,402 * CSBC Corp Taiwan 223 43,864 CSW Industrials, Inc 5,922 438,000 CTCI Corp 583 46,000 Cubic Corp 3,430 94,103 Cummins India Ltd 1,185 39,331 Cummins, Inc 10,191 59,382 Curtiss-Wright Corp 7,043 10,486 * Custom Truck One Source, Inc 98 9,189 Daelim Industrial Co 714 7,854 Daetwyler Holding AG. 2,339 142,891 * Daewoo Engineering & Construction Co Ltd 838 38,156 Daewoo International Corp 682 14,272 * Daewoo Shipbuilding & Marine Engineering Co Ltd 359 11,138 Dai-Dan Co Ltd 299 226,813 Daifuku Co Ltd 22,289 20,248 Daihen Corp 893 16,489 Daiho Corp 577 16,837 Daiichi Jitsugyo Co Ltd 637 364,786 Daikin Industries Ltd 73,745 35,100 Daiwa Industries Ltd 351 13,896 Danieli & Co S.p.A. 350 35,634 Danieli & Co S.p.A. (RSP) 546 2,096 Dassault Aviation S.A. 2,331 17,159 Dawonsys Co Ltd 278

VALUE SHARES COMPANY (000) 15,484 Denyo Co Ltd $ 292 110,611 Deutz AG. 827 24,847 g Dilip Buildcon Ltd 198 183,629 Diploma plc 6,456 12,066 * DL E&C Co Ltd 1,285 3,134,000 * DMCI Holdings, Inc 359 822,320 Dogan Sirketler Grubu Holdings 322 26,690 Donaldson Co, Inc 1,552 111,929 Dongfang Electric Corp Ltd 218 46,907 * Doosan Bobcat, Inc 1,751 4,770 Doosan Corp 211 19,116 * Doosan Fuel Cell Co Ltd 875 75,380 * Doosan Heavy Industries and Construction Co Ltd 872 107,180 * Doosan Infracore Co Ltd 1,081 16,190 Douglas Dynamics, Inc 747 938,560 Dover Corp 128,705 392,953 *,† Drake & Scull International PJSC 1 1,617,159 Dubai Investments PJSC 715 16,961 * Ducommun, Inc 1,018 53,085 Duerr AG. 2,210 225,100 Dufu Technology Corp Bhd 207 26,550 * DXP Enterprises, Inc 801 30,234 * Dycom Industries, Inc 2,807 2,912,300 Dynasty Ceramic PCL 246 118,416 East Group Co Ltd 117 5,712 e Eastern Co 153 2,184,823 Eaton Corp 302,117 93,600 Ebara Corp 3,819 7,190 Ecopro BM Co Ltd 1,042 46,946 Eiffage S.A. 4,694 1,156,800 Ekovest BHD 135 22,259 Elbit Systems Ltd 3,154 20,429 Elco Holdings Ltd 1,003 2,813 Electra Israel Ltd 1,467 136,319 *,e Electro Optic Systems Holdings Ltd 542 1,450,636 Electrocomponents plc 19,865 206,766 * Electrolux Professional AB 1,073 325,353 ElSewedy Electric Co 187 2,064,488 * Embraer S.A. 5,139 197,095 EMCOR Group, Inc 22,106 470,946 *,e Emeco Holdings Ltd 341 81,460 Emerson Electric Co 7,349 31,836 Encore Wire Corp 2,137 114,506 * Energy Recovery, Inc 2,100 71,789 Enerpac Tool Group Corp 1,875 64,485 EnerSys 5,855 176,971 Engineers India Ltd 188 60,574 EnPro Industries, Inc 5,165 201,862 Epiroc AB 4,205 44,960 Epiroc AB (Class A) 1,019 21,277 ESCO Technologies, Inc 2,317 118,858 Escorts Ltd 2,099 47,907 Eve Energy Co Ltd 554 5,163 * EVI Industries, Inc 149

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 445,319 * Evoqua Water Technologies Corp 11,712 367,600 * Fangda Carbon New Material Co Ltd 459

VALUE SHARES COMPANY (000) 175,784 * Fanuc Ltd $ 42,260 2,806,631 Far Eastern Textile Co Ltd 2,980 884,334 Fastenal Co 44,464 267,045 Federal Signal Corp 10,228 15,365 Ferguson plc 1,835 410,311 Ferrovial S.A. 10,722 574,478 *,e Fincantieri S.p.A 471 168,909 Finning International, Inc 4,296 54,990 Finolex Cables Ltd 288 306,000 *,e First Tractor Co 132 22,673 Flowserve Corp 880 1,193,005 FLSmidth & Co AS 45,705 90,932 Fluidra S.A. 2,597 223,939 * Fluor Corp 5,171 92,381 Fomento de Construcciones y Contratas S.A. 1,090 858,674 Fortive Corp 60,657 195,810 Fortune Brands Home & Security, Inc 18,763 93,000 Fortune Electric Co Ltd 148 2,366,008 e Fosun International 3,322 69,377 Franklin Electric Co, Inc 5,477 591,909 * FuelCell Energy, Inc 8,529 5,833 * Fuji Electric Holdings Co Ltd 244 64,045 Fuji Machine Manufacturing Co Ltd 1,644 1,000,378 * Fujikura Ltd 4,925 63,039 Fujitec Co Ltd 1,346 6,571 Fukuda Corp 314 13,639 * Fukushima Industries Corp 539 31,756 Furukawa Co Ltd 384 68,744 e Furukawa Electric Co Ltd 1,849 100,177 Futaba Corp/Chiba 882 1,359,811 * Gamuda BHD 1,174 5,903 GARO AB 396 91,652 * Gates Industrial Corp plc 1,466 54,557 e GATX Corp 5,060 515,624 GEA Group AG. 21,149 10,180 Geberit AG. 6,479 14,500 Gecoss Corp 126 44,476 * GEK Group of Cos S.A. 542 12,069 * Gencor Industries, Inc 162 99,414 * Generac Holdings, Inc 32,553 186,850 General Dynamics Corp 33,924 1,192,595 General Electric Co 15,659 5,314 * General Finance Corp 65 4,176 Georg Fischer AG. 5,581 68,467 * Gibraltar Industries, Inc 6,265 15,301 Giken Seisakusho Co, Inc 690 47,656 Glory Ltd 1,027 5,900 GMM Pfaudler Ltd 349 104,564 * GMS, Inc 4,366 67,983 * Godrej Industries Ltd 508 25,920 Gorman-Rupp Co 858 27,230 * Gotion High-tech Co Ltd 151 100,886 Graco, Inc 7,225 232,322 GrafTech International Ltd 2,841

VALUE SHARES COMPANY (000) 69,131 e Granite Construction, Inc $ 2,783 43,322 * Graphite India Ltd 304 114,264 * Great Lakes Dredge & Dock Corp 1,666 51,062 Greenbrier Cos, Inc 2,411 386,000 *,e,g Greentown Management Holdings Co Ltd 195 66,882 Griffon Corp 1,817 374,093 e Grupo Carso S.A. de C.V. (Series A1) 1,023 25,690 e Grupo Empresarial San Jose 189 121,919 e Grupo Rotoplas SAB de C.V. 176 23,428 GS Engineering & Construction Corp 895 68,054 e GS Yuasa Corp 1,853 255,514 GT Capital Holdings, Inc 2,754 13,015 Guangdong Kinlong Hardware Products Co Ltd 331 73,122 Gulf Cable & Electrical Industries Co KSCP 207 217,431 GWA International Ltd 473 49,099 H&E Equipment Services, Inc 1,866 597,497 Haitian International Holdings Ltd 2,387 205,096 Hangzhou Steam Turbine Co 312 24,806 * Hanjin Heavy Industries & Construction Co Ltd 164 35,979 Hanwa Co Ltd 1,107 17,551 Hanwha Corp 497 21,645 Hanwha Systems Co Ltd 425 516,781 HAP Seng Consolidated BHD 1,041 568,000 * Harbin Power Equipment 154 19,300 Harmonic Drive Systems, Inc 1,309 85,888 Havells India Ltd 1,237 193,136 Hazama Ando Corp 1,483 44,607 *,e HC2 Holdings, Inc 176 29,485 HDC Hyundai Development Co-Engineering & Construction 768 370,500 Hebei Construction Group Corp Ltd 124 33,160 Hefei Meiya Optoelectronic Technology, Inc 214 8,728 * HEG Ltd 175 65,312 HEICO Corp 8,216 116,644 HEICO Corp (Class A) 13,251 57,186 Helios Technologies, Inc 4,167 37,440 * Herc Holdings, Inc 3,794 114,618 Hexagon Composites ASA 637 117,063 * Hexcel Corp 6,556 10,528 Hibiya Engineering Ltd 185 117,302 Hillenbrand, Inc 5,596 127,994 Hino Motors Ltd 1,101 9,000 e Hirata Corp 560 467,159 * Hitachi Construction Machinery Co Ltd 14,970 171,420 e Hitachi Zosen Corp 1,389 105,042 Hiwin Technologies Corp 1,497 18,616 Hochtief AG. 1,667 2,811,693 Honeywell International, Inc 610,334 22,275 Hongfa Technology Co Ltd 168 38,062 Hoshizaki Electric Co Ltd 3,403 7,701 Hosokawa Micron Corp 468 980,149 Howden Joinery Group plc 9,904 654,983 * Howmet Aerospace, Inc 21,045 561,524 e Hubbell, Inc 104,943 15,346 Huber & Suhner AG. 1,189

VALUE SHARES COMPANY (000) 7,361 Hurco Cos, Inc $ 260 10,918 * Hydrofarm Holdings Group, Inc 659 23,095 Hyosung Corp 1,819 3,516 * Hyosung Heavy Industries Corp 246 15,814 Hyster-Yale Materials Handling, Inc 1,378 8,747 * Hyundai Construction Equipment Co Ltd 417 26,819 * Hyundai Electric & Energy System Co Ltd 501 20,159 Hyundai Elevator Co Ltd 818 31,225 Hyundai Engineering & Construction Co Ltd 1,221 15,974 * Hyundai Heavy Industries 1,895 18,183 * Hyundai Mipo Dockyard 1,081 3,723 Hyundai Robotics Co Ltd 961 220,335 * Hyundai Rotem Co Ltd 3,974 33,477 Idec Corp 539 10,333 IDEX Corp 2,163 20,560 * IES Holdings, Inc 1,036 2,111,800 IJM Corp BHD 862 4,841 Iljin Diamond Co Ltd 174 207,218 Illinois Tool Works, Inc 45,903 278,043 IMI plc 5,111 12,120 *,e Implenia AG. 334 78,336 Inaba Denki Sangyo Co Ltd 1,893 56,198 Inabata & Co Ltd 843 15,380 *,g IndiaMart InterMesh Ltd 1,631 18,290 Indus Holding AG. 759 722,403 Industries Qatar QSC 2,373 276,918 Indutrade AB 6,394 426,242 * Ingersoll Rand, Inc 20,975 31,000 Inner Mongolia First Machinery Group Co Ltd 47 2,803,600 *,† Inovisi Infracom Tbk PT 0^ 1,628,420 * InPost S.A. 26,670 44,820 Instalco AB 1,641 32,415 Insteel Industries, Inc 1,000 100,636 Integrated Holding Co KCSC 138 78,443 Interpump Group S.p.A. 3,953 656 Interroll Holding AG. 2,321 124,628 Investment AB Latour 3,229 42,595 e INVISIO AB 1,017 130,618 Inwido AB 2,155 86,024 * Iochpe-Maxion S.A. 184 115,591 IRB Infrastructure Developers Ltd 172 10,411 IS Dongseo Co Ltd 523 31,324 Iseki & Co Ltd 468 136,200 *,e Ishikawajima-Harima Heavy Industries Co Ltd 2,771 12,821 Italmobiliare S.p.A 432 391,160 *,e Itm Power plc 2,552 1,398,962 e Itochu Corp 45,419 530,059 ITT, Inc 48,188 7,932 Japan Pulp & Paper Co Ltd 262 59,961 Japan Steel Works Ltd 1,428 185,068 Jardine Matheson Holdings Ltd 12,125 188,188 e Jardine Strategic Holdings Ltd 6,218 44,120 JDC Corp 245 112,157 * JELD-WEN Holding, Inc 3,106

VALUE SHARES COMPANY (000) 61,204 Jiangsu Hengli Hydraulic Co Ltd $ 839 147,018 Jiangsu Zhongtian Technology Co Ltd 257 122,254 John Bean Technologies Corp 16,301 517,731 g John Laing Group plc 2,236 897,290 Johnson Controls International plc 53,541 15,150 g JOST Werke AG. 958 201,100 *,e JTOWER, Inc 15,657 5,082 Judges Scientific plc 443 48,883 Jungheinrich AG. 2,353 3,282 e Kaba Holding AG. 2,242 8,363 Kadant, Inc 1,547 59,602 Kajaria Ceramics Ltd 758 201,599 Kajima Corp 2,867 50,418 Kalpataru Power Transmission Ltd 261 188,900 * Kama Co Ltd 74 40,476 Kaman Corp 2,076 23,375 Kamei Corp 263 32,900 Kanamoto Co Ltd 858 86,001 Kandenko Co Ltd 754 73,900 Kanematsu Corp 994 1,975,919 * KAP Industrial Holdings Ltd 553 6,227 Kardex AG. 1,273 23,800 Katakura Industries Co Ltd 313 144,800 * Kawasaki Heavy Industries Ltd 3,589 91,984 * KEC International Ltd 520 41,321 KEI Industries Ltd 296 55,259 Keihan Electric Railway Co Ltd 2,300 90,233 Keller Group plc 1,000 757,335 Kennametal, Inc 30,271 10,583 KEPCO Engineering & Construction Co, Inc 210 1,242,547 Keppel Corp Ltd 4,923 212,571 Kinden Corp 3,625 10,536 Kingspan Group plc 891 60,655 KION Group AG. 5,993 73,400 Kitz Corp 426 118,917 * Kloeckner & Co AG. 1,498 60,778 Knorr-Bremse AG. 7,585 298,380 KOC Holding AS 704 12,682 * Koenig & Bauer AG. 378 689,920 Komatsu Ltd 21,380 3,886 Komax Holding AG. 940 58,490 Komori Corp 397 23,226 Kone Oyj (Class B) 1,898 64,331 e Konecranes Oyj 2,867 95,662 Kongsberg Gruppen ASA 2,195 289,756 Koninklijke BAM Groep NV 733 58,636 Korea Aerospace Industries Ltd 1,910 4,030 Korea Electric Terminal Co Ltd 258 435,123 * Kornit Digital Ltd 43,129 128,767 * Kratos Defense & Security Solutions, Inc 3,513 14,175 Krones AG. 1,152 817,012 Kubota Corp 18,638 86,653 Kumagai Gumi Co Ltd 2,351 42,997 Kung Long Batteries Industrial Co Ltd 223

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 69,987 Kurita Water Industries Ltd 3,007 33,654 Kyokuto Kaihatsu Kogyo Co Ltd 504

VALUE SHARES COMPANY (000) 102,855 Kyowa Exeo Corp $ 2,717 41,922 Kyudenko Corp 1,603 5,517 Kyung Dong Navien Co Ltd 249 319,706 L3Harris Technologies, Inc 64,798 2,980 Lakshmi Machine Works Ltd 277 1,071,621 Larsen & Toubro Ltd 20,887 4,875 * Lawson Products, Inc 253 21,789 * LB Foster Co (Class A) 390 70,263 Legrand S.A. 6,528 48,139 Lennox International, Inc 15,000 413,909 Leonardo S.p.A. 3,348 83,041 LG Corp 6,663 25,099 LG Hausys Ltd 1,892 151,981 LG International Corp 4,298 242,438 * Liberty Media Acquisition Corp 2,597 45,355 Lifco AB 4,214 8,473 LIG Nex1 Co Ltd 302 15,123 Lincoln Electric Holdings, Inc 1,859 138,138 Lindab International AB 2,795 8,303 Lindsay Corp 1,383 15,770 LISI 460 841,350 LIXIL Group Corp 23,414 353,052 Lockheed Martin Corp 130,453 4,759,355 Lonking Holdings Ltd 2,027 123,175 Lotte Corp 3,710 13,504 LS Cable Ltd 821 35,547 LS Industrial Systems Co Ltd 1,921 35,450 LSI Industries, Inc 302 46,776 Luxfer Holdings plc 995 28,017 * Lydall, Inc 945 48,332 Mabuchi Motor Co Ltd 2,131 410,115 e Maeda Corp 3,542 18,733 e Maeda Kosen Co Ltd 565 36,562 Maeda Road Construction Co Ltd 709 166,463 e Maire Tecnimont S.p.A 489 22,439 Makino Milling Machine Co Ltd 881 318,391 e Makita Corp 13,675 1,254,500 Malaysian Resources Corp BHD 140 11,268 Manitou BF S.A. 378 52,550 * Manitowoc Co, Inc 1,084 407,410 Marcopolo S.A. 203 1,039,540 Marubeni Corp 8,682 1,332,347 Masco Corp 79,808 27,343 * Masonite International Corp 3,151 85,992 * Mastec, Inc 8,057 81,659 * Matrix Service Co 1,071 27,600 Max Co Ltd 409 130,487 Maxar Technologies, Inc 4,935 5,628 * Mayville Engineering Co Inc 81 2,387 MBB SE 361 78,198 McGrath RentCorp 6,307 20,299 *,e McPhy Energy S.A. 774 810,035 * Meggitt plc 5,327 35,871 Meidensha Corp 783

VALUE SHARES COMPANY (000) 86,135 * Mercury Systems, Inc $ 6,085 63,455 * Meritor, Inc 1,867 389,503 Metallurgical Corp of China Ltd 204 26,200 METAWATER Co Ltd 524 642,487 * Metso Outotec Oyj 7,163 9,578 * Middleby Corp 1,588 54,694 e Mie Kotsu Group Holdings, Inc 252 24,267 Millat Tractors Ltd 175 18,379 e Miller Industries, Inc 849 284,290 Minebea Co Ltd 7,297 82,762 Miraito Holdings Corp 1,366 376,454 MISUMI Group, Inc 10,966 1,049,535 Mitsubishi Corp 29,753 808,577 Mitsubishi Electric Corp 12,358 249,638 Mitsubishi Heavy Industries Ltd 7,773 30,000 Mitsubishi Nichiyu Forklift Co Ltd 352 25,750 Mitsuboshi Belting Co Ltd 415 2,181,469 Mitsui & Co Ltd 45,528 74,231 Miura Co Ltd 4,016 90,420 Monadelphous Group Ltd 719 1,087,590 MonotaRO Co Ltd 29,504 45,511 Moog, Inc (Class A) 3,784 298,370 Morgan Crucible Co plc 1,280 40,164 Morgan Sindall plc 978 115,244 Mori Seiki Co Ltd 1,894 29,100 Morita Holdings Corp 470 93,692 *,e Mota Engil SGPS S.A. 155 366,632 * MRC Global, Inc 3,311 62,717 MSC Industrial Direct Co (Class A) 5,656 44,901 MTU Aero Engines Holding AG. 10,577 104,836 Mueller Industries, Inc 4,335 269,668 Mueller Water Products, Inc (Class A) 3,746 121,469 *,g Munters Group AB 1,008 60,331 * MYR Group, Inc 4,324 33,662 Nabtesco Corp 1,540 13,933 Nachi-Fujikoshi Corp 608 104,100 Nagase & Co Ltd 1,630 252,554 NARI Technology Co Ltd 1,205 120,508 National Central Cooling Co PJSC 92 845,631 National Industries Group Holding SAK 524 7,882 National Presto Industries, Inc 805 78,574 * Navistar International Corp 3,460 469,836 NBCC India Ltd 302 201,991 e NCC AB (B Shares) 3,410 1,438,198 * NEL ASA 4,256 104,719 e Neles Oyj 1,329 26,580 Nexans S.A. 2,352 66,555 e NFI Group, Inc 1,482 11,904 NGK Insulators Ltd 218 356,397 Nibe Industrier AB 11,053 57,340 Nichias Corp 1,454 16,100 Nichiden Corp 319 50,445 Nichiha Corp 1,471 24,900 Nichireki Co Ltd 356

VALUE SHARES COMPANY (000) 54,067 Nikkiso Co Ltd $ 551 21,951 * Nilfisk Holding A.S. 669 101,776 e Nippo Corp 2,780 10,600 Nippon Carbon Co Ltd 445 36,459 Nippon Densetsu Kogyo Co Ltd 639 13,325 Nippon Koei Co Ltd 379 5,700 Nippon Road Co Ltd 424 7,472 Nippon Sharyo Ltd 168 101,000 *,e Nippon Sheet Glass Co Ltd 519 16,517 Nippon Steel Trading Co Ltd 607 55,365 e Nishimatsu Construction Co Ltd 1,405 20,700 Nishio Rent All Co Ltd 561 7,095 Nissei ASB Machine Co Ltd 338 131,831 Nisshinbo Industries, Inc 983 47,300 Nissin Electric Co Ltd 533 20,400 Nitta Corp 486 362,800 e Nitto Boseki Co Ltd 13,224 42,135 Nitto Kogyo Corp 774 11,073 Nitto Kohki Co Ltd 192 13,935 Nittoku Engineering Co Ltd 415 42,749 * NKT Holding AS 1,857 81,879 * NN, Inc 579 2,400 *,†,e Noble Group Ltd 0^ 40,571 Nolato AB (B Shares) 3,613 65,264 * Nordex AG. 2,094 96,149 e Nordson Corp 19,103 9,983 Noritake Co Ltd 321 20,251 Noritsu Koki Co Ltd 487 31,631 Noritz Corp 505 32,608 NORMA Group 1,548 480,431 Northrop Grumman Corp 155,487 15,895 * Northwest Pipe Co 531 449,622 * NOW, Inc 4,537 389,550 NRW Holdings Ltd 586 621,490 NSK Ltd 6,390 921,861 * NTN Corp 2,852 8,590 * NV5 Global Inc 830 26,974 e nVent Electric plc 753 1,610,000 NWS Holdings Ltd 1,707 12,846 e Obara Corp 439 290,909 Obayashi Corp 2,670 214,793 e OC Oerlikon Corp AG. 2,486 5,961 OHB AG. 247 23,121 Oiles Corp 355 38,800 Okabe Co Ltd 274 24,067 Okuma Holdings, Inc 1,382 25,700 Okumura Corp 683 2,168 e Omega Flex, Inc 342 165,492 *,e Opus Global Rt 139 25,137 Organo Corp 1,509 20,974 * Orion Energy Systems, Inc 146 89,706 * OSG Corp 1,601 27,916 Oshkosh Corp 3,313 39,753 * OSRAM Licht AG. 2,478

VALUE SHARES COMPANY (000) 1,659,759 Owens Corning, Inc $ 152,847 223,400 PACCAR, Inc 20,758 293,379 *,e PAE, Inc 2,646 12,377 e Palfinger AG. 483 36,186 Park Aerospace Corp 478 772,323 Parker-Hannifin Corp 243,614 13,693 Park-Ohio Holdings Corp 431 26,047 *,e Parsons Corp 1,053 189,863 Peab AB (Series B) 2,296 32,752 Pentair plc 2,041 1,431,600 Pentamaster Corp BHD 1,941 275,346 Penta-Ocean Construction Co Ltd 2,164 31,200 PER Aarsleff A.S. 1,355 4,920 Pfeiffer Vacuum Technology AG. 894 72,109 * PGT Innovations, Inc 1,821 793,445 * Plug Power, Inc 28,437 65,161 * PNC Infratech Ltd 230 32,777 PNE AG. 284 21,971 * Polycab India Ltd 416 229,410 Polypipe Group plc 1,756 207,805 Polyplex PCL (Foreign) 153 13,353 e Porr AG. 244 18,134 Powell Industries, Inc 614 316,669 Power Construction Corp of China Ltd 199 37,830 * PowerCell Sweden AB 1,115 2,364,388 PP Persero Tbk PT 224 4,666 Preformed Line Products Co 321 222,936 Primoris Services Corp 7,386 19,951 * Proto Labs, Inc 2,429 16,457 Prysmian S.p.A. 534 127,567 PSG Group Ltd 611 1,222,191 QinetiQ plc 5,325 51,712 Quanex Building Products Corp 1,356 243,889 Quanta Services, Inc 21,457 45,900 Raito Kogyo Co Ltd 781 142,532 Randon Participacoes S.A. 347 4,326 Rational AG. 3,360 53,280 Raven Industries, Inc 2,042 4,205,644 Raytheon Technologies Corp 324,970 62,160 * RBC Bearings, Inc 12,231 464,000 * Realord Group Holdings Ltd 584 232,797 Rechi Precision Co Ltd 177 78,696 Regal-Beloit Corp 11,228 821,981 Reliance Worldwide Corp Ltd 2,815 320,860 * Resideo Technologies, Inc 9,064 125,682 Reunert Ltd 430 302,187 * REV Group, Inc 5,790 331,629 Rexel S.A. 6,564 509,641 Rexnord Corp 23,999 97,000 Rexon Industrial Corp Ltd 321 45,255 Rheinmetall AG. 4,590 55,916 e Richelieu Hardware Ltd 1,838 3,012 Rieter Holding AG. 406 261,180 Rockwell Automation, Inc 69,328

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 548 Rockwool International AS (B Shares) 231 7,076,666 Rolls-Royce Group plc 10,277

VALUE SHARES COMPANY (000) 323,448 Roper Technologies Inc $ 130,460 1,718,128 Rotork plc 8,445 132,600 Run Long Construction Co Ltd 268 64,456 Rush Enterprises, Inc (Class A) 3,212 8,786 Rush Enterprises, Inc (Class B) 396 64,643 Russel Metals, Inc 1,285 21,957 Ryobi Ltd 331 80,864 Saab AB (Class B) 2,215 390,870 Sacyr Vallehermoso S.A. 1,003 269,937 Safran S.A. 36,719 13,794 e Salcef S.p.A 209 73,720 Samsung C&T Corp 8,154 63,294 * Samsung Engineering Co Ltd 787 196,258 * Samsung Heavy Industries Co Ltd 1,355 142,331 Samsung Techwin Co Ltd 5,176 78,623 San Shing Fastech Corp 170 2,364,218 Sandvik AB 64,690 45,200 Sanki Engineering Co Ltd 592 372,941 Sanwa Shutter Corp 4,885 825,000 Sany Heavy Equipment International 982 453,257 Sany Heavy Industry Co Ltd 2,375 9,400 Sanyo Denki Co Ltd 502 157,458 * Saudi Ceramic Co 1,752 31,640 e Savaria Corp 441 5,890 Schaeffler India Ltd 439 56,182 e Schindler Holding AG. 16,507 1,379 Schindler Holding AG. (Registered) 396 619,220 Schneider Electric S.A. 94,329 1,040 Schweiter Technologies AG. 1,717 29,295 Sekisui Jushi Corp 556 8,078,436 *,e SembCorp Marine Ltd 1,024 11,803 * Semperit AG. Holding 525 395,190 Senior plc 603 130,934 * Sensata Technologies Holding plc 7,588 366,686 Service Stream Ltd 298 140,558 e Seven Group Holdings Ltd 2,414 13,480 SFA Engineering Corp 486 17,437 SFS Group AG. 2,170 56,881 * SGL Carbon AG. 403 196,708 * SGSB Group Co Ltd 73 153,827 Shanghai Construction Group Co Ltd 71 335,280 Shanghai Diesel Engine Co Ltd 172 511,703 * Shanghai Electric Group Co Ltd 434 225,248 Shanghai Highly Group Co Ltd 113 334,000 Shanghai Industrial Holdings Ltd 499 130,793 Shapir Engineering and Industry Ltd 946 85,560 Shenzhen Inovance Technology Co Ltd 1,122 18,136 Shibaura Machine Co Ltd 459 14,500 Shibuya Kogyo Co Ltd 465 236,684 * Shikun & Binui Ltd 1,372 36,900 Shima Seiki Manufacturing Ltd 857 243,344 Shimizu Corp 1,970 10,904 Shin Nippon Air Technologies Co Ltd 237 125,361 Shin Zu Shing Co Ltd 580

VALUE SHARES COMPANY (000) 54,700 Shinmaywa Industries Ltd $ 506 39,048 Shinnihon Corp 312 122,581 * Shoals Technologies Group, Inc 4,263 41,608 SHO-BOND Holdings Co Ltd 1,796 1,537,469 Shun TAK Holdings Ltd 472 25,579 Shyft Group, Inc 952 92,800 * Siasun Robot & Automation Co Ltd 161 1,402,429 Siemens AG. 230,435 1,445,579 * Siemens Energy AG. 51,891 16,255 Siemens Gamesa Renewable Energy 630 24,780 Siemens India Ltd 627 12,782 * SIF Holding NV 242 463,090 g Signify NV 23,818 1,243,459 Sime Darby BHD 720 80,972 Simpson Manufacturing Co, Inc 8,399 703,307 Singapore Technologies Engineering Ltd 2,037 47,851 e Sinko Industries Ltd 942 798,096 Sino Thai Engineering & Construction PCL 404 1,097,500 Sinopec Engineering Group Co Ltd 607 662,467 Sinotruk Hong Kong Ltd 1,994 42,961 Sintokogio Ltd 300 51,243 * SiteOne Landscape Supply, Inc 8,749 31,158 SK Holdings Co Ltd 7,811 112,497 SK Networks Co Ltd 562 165,326 e Skanska AB (B Shares) 4,146 26,044 e SKF AB (B Shares) 741 216,466 SM Investments Corp 4,287 38,763 * SMC Corp 22,575 1,901,571 Smiths Group plc 40,284 76,736 Snap-On, Inc 17,706 186,878 e SNC-Lavalin Group, Inc 4,000 44,800 e Sodick Co Ltd 418 1,276,813 Sojitz Holdings Corp 3,608 62,353 Spirax-Sarco Engineering plc 9,797 578,130 Spirit Aerosystems Holdings, Inc (Class A) 28,126 131,411 * SPX Corp 7,657 67,174 e SPX FLOW, Inc 4,254 45,003 Stabilus S.A. 3,173 45,204 e Stadler Rail AG. 2,155 19,171 Standex International Corp 1,832 590,211 Stanley Black & Decker, Inc 117,847 32,466 Star Micronics Co Ltd 485 71,258 * Sterling Construction Co, Inc 1,653 24,807 e Sulzer AG. 2,794 943,870 Sumitomo Corp 13,508 18,097 Sumitomo Densetsu Co Ltd 394 338,000 Sumitomo Heavy Industries Ltd 9,398 143,857 Sumitomo Mitsui Construction Co Ltd 648 73,670 Sungrow Power Supply Co Ltd 815 145,000 Sunonwealth Electric Machine Industry Co Ltd 270 273,168 * Sunrun, Inc 16,521 301,848 Sunway Construction Group BHD 131 22,463 Sunwoda Electronic Co Ltd 67 86,763 Suzhou Gold Mantis Construction Decoration Co Ltd 125

VALUE SHARES COMPANY (000) 103,522 Tadano Ltd $ 1,111 16,160 Taeyoung Engineering & Construction Co Ltd 172 191,635 * Taihan Electric Wire Co Ltd 197 13,743 Taihei Dengyo Kaisha Ltd 329 48,053 Taikisha Ltd 1,319 85,586 Taisei Corp 3,302 800,670 * Taiwan Glass Industrial Corp 561 10,239 Takamatsu Corp 199 30,864 Takara Standard Co Ltd 466 98,941 Takasago Thermal Engineering Co Ltd 1,543 36,800 Takeuchi Manufacturing Co Ltd 1,029 66,500 Takuma Co Ltd 1,444 76,355 *,e,g Talgo S.A. 384 28,698 Tarkett S.A. 458 43,200 Tatsuta Electric Wire and Cable Co Ltd 246 257,666 TBEA Co Ltd 443 1,411,475 Techtronic Industries Co 24,198 1,357,000 Teco Electric and Machinery Co Ltd 1,542 18,399 Teikoku Sen-I Co Ltd 373 134,422 Tekfen Holding AS 242 130,723 * Teledyne Technologies, Inc 54,074 13,544 Tennant Co 1,082 2,785,650 Terex Corp 128,335 82,468 * Textainer Group Holdings Ltd 2,363 941,687 Textron, Inc 52,810 217,954 Thales S.A. 21,632 28,450 *,e The ExOne Company 892 32,976 * Thermax Ltd 607 50,694 * Thermon Group Holdings 988 36,765 THK Co Ltd 1,276 313,353 Timken Co 25,435 15,242 Timken India Ltd 271 82,679 * Titan Machinery, Inc 2,108 41,569 TKH Group NV 1,990 45,300 e Toa Corp/Tokyo 1,001 51,711 Tocalo Co Ltd 679 378,456 e Toda Corp 2,777 8,815 Toenec Corp 312 87,900 Tokai Corp 761 70,102 Tokyu Construction Co Ltd 382 62,836 * Topsec Technologies Group Inc 191 80,562 Toro Co 8,309 75,161 Toromont Industries Ltd 5,753 305,292 Toshiba Corp 10,333 27,477 Totetsu Kogyo Co Ltd 658 136,428 Toto Ltd 8,397 85,803 Toyo Construction Co Ltd 445 12,700 Toyo Tanso Co Ltd 247 95,258 Toyota Tsusho Corp 4,011 54,321 * TPI Composites, Inc 3,065 1,130,735 Trane Technologies plc 187,204 5,193 * Transcat Inc 255 110,221 * TransDigm Group, Inc 64,801 258,269 Travis Perkins plc 5,491

VALUE SHARES COMPANY (000) 66,143 * Trimas Corp $ 2,005 16,100 Trinity Industries, Inc 459 94,843 Triton International Ltd 5,215 84,528 * Triumph Group, Inc 1,554 37,902 Troax Group AB 1,054 42,610 Trusco Nakayama Corp 1,130 45,930 Tsubaki Nakashima Co Ltd 706 26,290 Tsubakimoto Chain Co 725 44,300 Tsugami Corp 668 25,700 Tsukishima Kikai Co Ltd 298 18,514 Tsurumi Manufacturing Co Ltd 304 55,383 Turk Traktor ve Ziraat Makineleri AS 1,385 1,275,439 Turkiye Sise ve Cam Fabrikalari AS 1,124 69,925 * Tutor Perini Corp 1,325 74,665 * TY Holdings Co Ltd 1,744 218,299 UFP Industries, Inc 16,556 74,143 Ultra Electronics Holdings 2,074 7,488 * Ultralife Corp 62 10,000 Union Tool Co 319 79,685 * Unison Co Ltd 305 283,537 United Integrated Services Co Ltd 2,469 190,724 * United Rentals, Inc 62,807 232,738 * Univar Solutions Inc 5,013 58,130 Uponor Oyj 1,290 97,300 Ushio, Inc 1,286 1,157,500 UWC BHD 1,640 287,077 e Valmet Corp 10,453 29,147 Valmont Industries, Inc 6,927 18,581 *,e Varta AG. 2,735 47,069 g VAT Group AG. 13,176 64,822 * Vectrus, Inc 3,464 106,859 Veidekke ASA 1,483 19,991 * Veritiv Corp 850 393,133 Vertiv Holdings Co 7,863 40,124 Vestas Wind Systems AS 8,277 222,224 Vesuvius plc 1,652 136,492 * V-Guard Industries Ltd 472 14,132 * Vicor Corp 1,202 567,815 Vinci S.A. 58,157 108,593 *,e Virgin Galactic Holdings, Inc 3,326 170,162 Voltas Ltd 2,339 85,172 Voltronic Power Technology Corp 3,322 268,242 e Volvo AB (B Shares) 6,793 9,170 Vossloh AG. 457 583,977 e,g VPower Group International Holdings Ltd 135 394,295 W.W. Grainger, Inc 158,085 83,689 Wabash National Corp 1,573 1,427,462 Wabtec Corp 112,998 31,399 Wacker Construction Equipment AG. 752 24,600 Wakita & Co Ltd 222 1,998,472 Walsin Lihwa Corp 1,335 3,499,958 e Wartsila Oyj (B Shares) 36,689 11,895 Washtec AG. 684 3,718,800 Waskita Karya Persero Tbk PT 297

VALUE SHARES COMPANY (000) 251,059 e Webuild SpA $ 525 718,625 Weg S.A. 9,519 775,709 Weichai Power Co Ltd 1,947 123,058 Weichai Power Co Ltd (Class A) 363 844,074 Weir Group plc 20,688 501,530 * Welbilt, Inc 8,150 99,384 * WESCO International, Inc 8,600 2,302,872 Wijaya Karya Persero Tbk PT 245 1,921 *,e Willis Lease Finance Corp 83 659,674 * WillScot Mobile Mini Holdings Corp 18,306 40,892 Wilson Bayly Holmes-Ovcon Ltd 271 78,560 e Woodward Inc 9,477 103,595 WSP Global, Inc 9,856 584,338 XCMG Construction Machinery Co Ltd 679 282,111 Xiamen C & D, Inc 363 269,267 Xinjiang Goldwind Science & Technology Co Ltd 586 718,013 e Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong) 1,362 1,544,000 Xinyi Glass Holdings Co Ltd 5,072 98,112 Xxentria Technology Materials Corp 229 24,507 Xylem, Inc 2,578 27,772 Yahagi Construction Co Ltd 211 37,080 YAMABIKO Corp 412 38,800 e Yamashin-Filter Corp 310 50,270 Yamazen Corp 474 2,559,100 Yangzijiang Shipbuilding 2,442 20,520 Yantai Eddie Precision Machinery Co Ltd 189 11,122 Yaskawa Electric Corp 556 130,286 e YIT Oyj 693 49,779 Yokogawa Bridge Holdings Corp 923 13,852 Yuasa Trading Co Ltd 391 93,000 Yungtay Engineering Co Ltd 196 40,600 Yurtec Corp 299 10,438 *,†,e Yuyang DNU Co Ltd 0 315,946 Zardoya Otis S.A. 2,022 15,470 Zehnder Group AG. 1,233 118,663 Zhejiang Chint Electrics Co Ltd 659 21,292 Zhejiang Dingli Machinery Co Ltd 314 90,412 Zhejiang Sanhua Intelligent Controls Co Ltd 286 72,251 Zhejiang Weixing New Building Materials Co Ltd 279 162,800 e Zhengzhou Coal Mining Machinery Group Co Ltd 230 36,485 Zhengzhou Yutong Bus Co Ltd 80 231,500 Zhuzhou CSR Times Electric Co Ltd 868 447,839 Zoomlion Heavy Industry Science and Technology Co Ltd 873 528,938 Zoomlion Heavy Industry Science and Technology Co Ltd 759 32,506 Zumtobel AG. 299 TOTAL CAPITAL GOODS 9,453,488

COMMERCIAL & PROFESSIONAL SERVICES - 1.4% 10,691 * 51job, Inc (ADR) 669 213,950 ABM Industries, Inc 10,914 130,931 * Acacia Research (Acacia Technologies) 871 140,204 ACCO Brands Corp 1,183 130,078 Adecco S.A. 8,774

VALUE SHARES COMPANY (000) 208,974 e ADT, Inc $ 1,764 36,220 Aeon Delight Co Ltd 1,057 100,730 AF AB 2,982 264,662 Aggreko plc 3,198 19,102 *,e Akerna Corp 94 13,928 *,e Akka Technologies S.A. 363 178,776 g A-Living Services Co Ltd 796 497,447 ALS Ltd 3,678 42,230 Altech Corp 839 5,887 * Amadeus Fire AG 862 36,900 * Ambipar Participacoes e Empreendimentos S 164 141,108 Applus Services S.A. 1,465 67,620 * ASGN Inc 6,454 256,370 * Babcock International Group 808 10,592 Barrett Business Services, Inc 729 21,979 BayCurrent Consulting, Inc 5,042 35,023 g Befesa S.A. 2,347 1,364,000 * Beijing Enterprises Urban Resources Group Ltd 215 190,277 Beijing Originwater Technology Co Ltd 233 31,800 Bell System24 Holdings, Inc 545 362,682 Benefit One, Inc 9,655 55,547 e BeNEXT Group Inc 888 4,879 Bertrandt AG. 266 18,231 e BGSF, Inc 255 311,711 *,g Biffa plc 1,143 30,628 Bilfinger Berger AG. 1,121 329,814 e Bingo Industries Ltd 760 276,449 Booz Allen Hamilton Holding Co 22,262 110,377 e Boyd Group Services, Inc 18,703 58,152 Brady Corp (Class A) 3,108 1,265,466 Brambles Ltd 10,208 212,892 e,g Bravida Holding AB 2,933 67,319 * BrightView Holdings, Inc 1,136 72,908 Brink’s Co 5,777 49,276 Brunel International NV 635 248,442 Bureau Veritas S.A. 7,070 35,358 * CACI International, Inc (Class A) 8,721 80,318 * Casella Waste Systems, Inc (Class A) 5,106 98,113 e Caverion Corp 595 71,473 * CBIZ, Inc 2,334 61,666 * Ceco Environmental Corp 489 5,088 Central Security Patrols Co Ltd 157 5,500 Cewe Color Holding AG. 777 1,632,085 China Everbright International Ltd 1,108 132,847 *,e Cimpress plc 13,302 137,673 Cintas Corp 46,989 781,793 * Clarivate Analytics plc 20,632 71,580 * Clean Harbors, Inc 6,017 63,000 Cleanaway Co Ltd 382 4,016,954 Cleanaway Waste Management Ltd 6,744 84,267 Clipper Logistics plc 688 1,603 Compx International, Inc 29 96,889 g Coor Service Management Holding AB 787 324,949 * Copart, Inc 35,293

VALUE SHARES COMPANY (000) 60,929 * CoStar Group, Inc $ 50,077 1,229,400 Country Garden Services Holdings Co Ltd 12,531 147,935 Covanta Holding Corp 2,050 23,011 CRA International, Inc 1,718 1,320,000 *,†,e CT Environmental Group Ltd 2 1,210,033 Dai Nippon Printing Co Ltd 25,381 38,721 Daiseki Co Ltd 1,406 5,429 Danel Adir Yeoshua Ltd 891 65,500 Deluxe Corp 2,748 95,968 * Derichebourg 785 36,695 DKSH Holding AG. 2,818 7,723 *,e DO & CO AG. 624 716,825 Downer EDI Ltd 2,805 200,964 * Driven Brands Holdings, Inc 5,109 195,621 *,e Dun & Bradstreet Holdings, Inc 4,658 41,498 Duskin Co Ltd 1,046 333,000 Dynagreen Environmental Protection Group Co Ltd 165 23,000 ECOVE Environment Corp 180 197,756 Elis S.A. 3,228 29,320 en-japan, Inc 909 40,939 Ennis, Inc 874 184,369 Equifax, Inc 33,395 594,000 Ever Sunshine Lifestyle Services Group Ltd 1,502 968,937 Experian Group Ltd 33,381 51,174 Exponent, Inc 4,987 22,411 * Fila S.p.A 265 18,174 * Forrester Research, Inc 772 42,068 * Franklin Covey Co 1,190 443,400 Frontken Corp BHD 546 48,761 * FTI Consulting, Inc 6,832 70,265 Fullcast Co Ltd 1,274 39,954 Funai Soken Holdings, Inc 777 1,597,024 G4S plc 5,395 13,441 * GDI Integrated Facility Services, Inc 565 171,372 GFL Environmental, Inc 5,987 25,895 * GP Strategies Corp 452 167,000 * Grace Technology, Inc 4,375 612,379 Greentown Service Group Co Ltd 933 2,662 Groupe CRIT 219 122,758 * Harsco Corp 2,105 1,738,598 * Hays plc 3,582 101,689 Healthcare Services Group 2,850 29,762 Heidrick & Struggles International, Inc 1,063 24,325 * Heritage-Crystal Clean, Inc 660 129,019 Herman Miller, Inc 5,309 65,635 HNI Corp 2,597 385,064 HomeServe plc 6,376 67,345 * Huron Consulting Group, Inc 3,393 195,649 * IAA, Inc 10,788 58,763 ICF International, Inc 5,136 604,396 IHS Markit Ltd 58,493 18,206 Insource Co Ltd 381 49,848 Insperity, Inc 4,174 262,203 Interface, Inc 3,272

VALUE SHARES COMPANY (000) 574,640 e Intrum Justitia AB $ 18,453 213,325 IPH Ltd 1,077 105,544 IR Japan Holdings Ltd 12,780 163,221 ISS AS 3,042 16,600 JAC Recruitment Co Ltd 263 287,775 Jacobs Engineering Group, Inc 37,201 1,752,800 Japan Elevator Service Holdings Co Ltd 37,772 306,900 JMT Network Services PCL 458 236,857 * KAR Auction Services, Inc 3,553 290,520 KBR, Inc 11,153 61,312 * Kelly Services, Inc (Class A) 1,365 16,671 KEPCO Plant Service & Engineering Co Ltd 465 168,125 Kforce, Inc 9,012 114,715 Kimball International, Inc (Class B) 1,606 117,590 Knoll, Inc 1,941 16,338 Koentec Co Ltd 129 84,008 Kokuyo Co Ltd 1,303 86,774 Korn/Ferry International 5,412 19,683 g L&T Technology Services Ltd 717 185,584 Leidos Holdings, Inc 17,868 18,289 Link And Motivation, Inc 100 75,894 Loomis AB 2,306 13,186 Maharah Human Resources Co 254 5,000 *,e Makuake, Inc 318 112,129 Manpower, Inc 11,090 48,350 Mantech International Corp (Class A) 4,204 20,923 *,e Mastech Holdings, Inc 368 14,962 Matsuda Sangyo Co Ltd 276 45,674 Matthews International Corp (Class A) 1,806 65,176 McMillan Shakespeare Ltd 542 25,028 Meitec Corp 1,384 336,921 Michael Page International plc 2,186 34,328 * Mistras Group, Inc 392 1,438,441 * Mitie Group 1,247 40,244 Mitsubishi Pencil Co Ltd 583 28,359 * Montrose Environmental Group, Inc 1,423 71,525 Morneau Shepell, Inc 1,884 32,037 Moshi Moshi Hotline, Inc 415 52,975 e MSA Safety, Inc 7,947 90,582 NICE Information Service Co Ltd 2,034 10,404 Nichiban Co Ltd 180 507,642 Nielsen NV 12,767 765,670 Nihon M&A Center, Inc 20,768 16,400 Nippon Kanzai Co Ltd 323 218,111 Nippon Parking Development Co Ltd 302 5,771 e NL Industries, Inc 43 237,848 Nomura Co Ltd 1,972 63,428 Okamura Corp 746 116,109 Outsourcing, Inc 1,884 20,402 Oyo Corp 238 193,100 Park24 Co Ltd 3,624 23,800 Pasona Group, Inc 403 99,326 Persol Holdings Co Ltd 1,952 29,442 Pilot Corp 941

VALUE SHARES COMPANY (000) 4,800 * Prored Partners Co Ltd $ 135 513,742 g Prosegur Cash S.A. 469 239,238 Prosegur Cia de Seguridad S.A. 760 58,286 Quad Graphics, Inc 206 49,629 *,g Quess Corp Ltd 476 393,103 * Raksul, Inc 18,339 99,759 e Randstad Holdings NV 7,003 3,974,674 Recruit Holdings Co Ltd 195,181 9,159 *,e Red Violet, Inc 169 389,875 RELX plc 9,782 1,747,465 RELX plc (London) 43,828 27,400 * Renrui Human Resources Technology Holdings Ltd 95 1,568,143 * Rentokil Initial plc 10,470 282,372 Republic Services, Inc 28,054 51,790 Resources Connection, Inc 701 119,656 Restore plc 587 161,384 Ritchie Bros Auctioneers, Inc 9,449 158,360 e Robert Half International, Inc 12,363 345,813 Rollins, Inc 11,903 302,100 RWS Holdings plc 2,536 14,540 S1 Corp (Korea) 1,050 45,652 Sato Corp 1,192 82,441 Science Applications International Corp 6,891 22,073 * Sdiptech AB 842 161,306 Secom Co Ltd 13,598 264,789 Securitas AB (B Shares) 4,503 1,638,784 Serco Group plc 3,105 122,207 SG Fleet Group Ltd 240 5,120 SGS S.A. 14,548 19,735 Shanghai M&G Stationery, Inc 258 100,500 *,† Shanghai Youngsun Investment Co Ltd 1 154,600 Shenzhen Dongjiang Environmental Co Ltd 106 110,802 Smart Metering Systems plc 1,268 116,661 SmartGroup Corp Ltd 563 312,487 SMS Co Ltd 9,568 25,156 Societe BIC S.A. 1,473 37,490 Sohgo Security Services Co Ltd 1,774 58,017 * SP Plus Corp 1,902 120,572 SPIE S.A. 2,884 56,732 S-Pool, Inc 585 49,743 Sporton International, Inc 429 116,811 Stantec, Inc 5,001 140,383 Steelcase, Inc (Class A) 2,020 306,420 *,e Stericycle, Inc 20,686 51,000 Sunny Friend Environmental Technology Co Ltd 407 6,723 * Synergie S.A 255 315,660 Taiwan Secom Co Ltd 1,035 191,340 Taiwan-Sogo Shinkong Security Corp 256 41,000 Tanseisha Co Ltd 328 49,659 * Team, Inc 573 8,212 * TeamLease Services Ltd 424 181,618 TechnoPro Holdings, Inc 15,197 111,887 Teleperformance 40,794 55,715 Tetra Tech, Inc 7,562

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 177,291 e Thomson Reuters Corp 15,531 371,000 Times Neighborhood Holdings Ltd 281

VALUE SHARES COMPANY (000) 34,513 * Tinexta S.p.A $ 915 113,631 e Tomra Systems ASA 4,932 52,206 Toppan Forms Co Ltd 528 151,017 Toppan Printing Co Ltd 2,560 75,945 e Transcontinental, Inc 1,337 292,321 TransUnion 26,309 108,938 * TriNet Group, Inc 8,493 51,141 * TrueBlue, Inc 1,126 58,200 Uchida Yoko Co Ltd 2,598 23,129 Unifirst Corp 5,174 469,012 * Upwork, Inc 20,998 48,601 * US Ecology, Inc 2,024 27,099 UT Group Co Ltd 894 548,488 * Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A. 3,411 271,355 Verisk Analytics, Inc 47,946 33,325 * Viad Corp 1,391 29,576 * Vidler Water Resouces, Inc 263 16,630 VSE Corp 657 363,241 Waste Connections, Inc 39,223 1,256,876 Waste Management, Inc 162,162 12,100 e WDB Holdings Co Ltd 284 5,500 Weathernews, Inc 262 10,168 *,e Willdan Group, Inc 417 279,094 Wolters Kluwer NV 24,241 8,700 World Holdings Co Ltd 226 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 1,798,281

CONSUMER DURABLES & APPAREL - 2.2% 651,000 361 Degrees International Ltd 186 18,348 Accell Group 846 47,850 Acushnet Holdings Corp 1,978 258,352 Adidas-Salomon AG. 80,707 233,087 * Aditya Birla Fashion and Retail Ltd 644 115,051 Aksa Akrilik Kimya Sanayii 226 107,270 * Alpargatas S.A. 702 12,381 * Amber Enterprises India Ltd 563 118,203 * American Outdoor Brands, Inc 2,979 617,157 * AmTRAN Technology Co Ltd 397 947,755 Anta Sports Products Ltd 15,545 34,569 Arezzo Industria e Comercio S.A. 432 156,373 Asics Corp 2,501 34,495 * Bajaj Electricals Ltd 462 51,836 Bandai Namco Holdings Inc 3,706 253,262 Barratt Developments plc 2,605 43,820 Bata India Ltd 845 46,886 * Beazer Homes USA, Inc 981 126,410 Bellway plc 5,929 42,179 * Beneteau S.A. 591 8,537 Berkeley Group Holdings plc 523 77,161 Bonava AB 895 537,000 *,†,e Boshiwa International Holding Ltd 1 1,434,472 Bosideng International Holdings Ltd 648 227,688 Bovis Homes Group plc 3,419 96,454 Breville Group Ltd 1,986

VALUE SHARES COMPANY (000) 34,635 e Brunello Cucinelli S.p.A $ 1,490 766,978 Brunswick Corp 73,147 106,065 * Burberry Group plc 2,775 9,972,579 h Cairn Homes plc 12,487 5,201,490 h Cairn Homes plc (London) 6,346 560,354 Callaway Golf Co 14,989 61,674 *,e Canada Goose Holdings, Inc 2,421 706,663 *,e Capri Holdings Ltd 36,040 7,841 * Carter’s, Inc 697 86,649 *,e Casio Computer Co Ltd 1,637 34,974 * Casper Sleep, Inc 253 20,207 * Cavco Industries, Inc 4,559 29,351 * CCC S.A. 678 45,161 * Century Communities, Inc 2,724 14,639 Chargeurs S.A. 397 2,336,400 China Dongxiang Group Co 272 349,698 China Lilang Ltd 228 15,900 Chofu Seisakusho Co Ltd 313 271,357 Chow Sang Sang Holding 420 108,251 Cia Hering 309 584,479 Cie Financiere Richemont S.A. 56,124 1,506,000 * Citychamp Watch & Jewellery Group Ltd 325 104,135 Clarus Corp 1,775 1,559,078 Coats Group plc 1,223 5,318 e Columbia Sportswear Co 562 55,797 Construtora Tenda S.A. 258 654,000 *,e,g Cosmo Lady China Holdings Co Ltd 103 541,487 *,g Countryside Properties plc 3,786 18,967 Coway Co Ltd 1,102 22,366 COWELL FASHION Co Ltd 123 253,274 * Crest Nicholson Holdings plc 1,422 242,245 * CROCS, Inc 19,489 411,263 Crompton Greaves Consumer Electricals Ltd 2,211 656,375 g Crystal International Group Ltd 337 4,200 Cuckoo Electronics Co Ltd 474 232,117 Cyrela Brazil Realty S.A. 1,017 37,819 * Deckers Outdoor Corp 12,496 164,575 De’Longhi S.p.A. 6,647 10,188 * Delta-Galil Industries Ltd 252 34,602 * Descente Ltd 590 22,270 * Dixon Technologies India Ltd 1,121 450,992 DR Horton, Inc 40,192 348,216 * Dr. Martens PLC 2,176 37,463 Duni AB 450 48,000 Dyaco International, Inc 201 71,869 Eclat Textile Co Ltd 1,211 13,100 * Ecovacs Robotics Co Ltd 274 10,588 Electra Consumer Products 1970 Ltd 458 315,564 e Electrolux AB (Series B) 8,773 15,422 e Escalade, Inc 322 43,157 ES-Con Japan Ltd 307 926,513 Essilor International S.A. 150,935 34,596 Ethan Allen Interiors, Inc 955 88,967 Even Construtora e Incorporadora S.A. 163

VALUE SHARES COMPANY (000) 1,389,889 Feng TAY Enterprise Co Ltd $ 9,524 24,654 *,† FF Group 0^ 19,162 Fila Korea Ltd 735 1,093 Forbo Holding AG. 1,984 566,000 Formosa Taffeta Co Ltd 612 75,570 * Forus S.A. 150 68,819 * Fossil Group, Inc 853 88,286 Foster Electric Co Ltd 1,045 25,908 France Bed Holdings Co Ltd 227 339,999 *,†,e Fuguiniao Co Ltd 0^ 10,500 Fujibo Holdings Inc 380 60,621 Fujitsu General Ltd 1,693 84,032 Fulgent Sun International Holding Co Ltd 338 64,568 Fusheng Precision Co Ltd 514 57,329 Games Workshop Group plc 7,876 119,011 e Garmin Ltd 15,692 7,408 * Garware Technical Fibres Ltd 261 261,856 Giant Manufacturing Co Ltd 3,165 67,026 * G-III Apparel Group Ltd 2,020 181,163 * Gildan Activewear, Inc 5,544 1,940,195 *,g Glenveagh Properties plc 2,061 3,460,973 *,g Glenveagh Properties plc (London) 3,664 19,147 Goldwin, Inc 1,229 102,206 *,e GoPro, Inc 1,190 680,829 Gree Electric Appliances, Inc of Zhuhai 6,532 42,753 * Green Brick Partners, Inc 970 231,131 Grendene S.A. 324 143,700 * GRUPO DE MODA SOMA S.A. 375 15,601 Guangdong Xinbao Electrical Appliances Holdings Co Ltd 84 72,810 Guararapes Confeccoes S.A. 177 13,218 Gunze Ltd 497 1,797,601 * Haier Smart Home Co Ltd 7,243 144,907 Haier Smart Home Co Ltd 691 10,814 Hamilton Beach Brands Holding Co 196 10,008 Handsome Co Ltd 360 139,948 Hanesbrands, Inc 2,753 402,486 Hangzhou Robam Appliances Co Ltd 2,247 13,440 Hansae Co Ltd 239 10,329 Hanssem Co Ltd 1,069 172,746 Hasbro, Inc 16,604 280,372 Haseko Corp 3,922 51,489 Heiwa Corp 841 24,516 * Helen of Troy Ltd 5,165 20,054 Hermes International 22,180 5,461 * Hitachi Home & Life Solutions India Ltd 198 76,901 * HLB, Inc 2,682 19,419 e Hooker Furniture Corp 708 466,000 *,† HOSA International Ltd 1 28,091 HS Industries Co Ltd 194 61,319 Hugo Boss AG. 2,409 632,825 Husqvarna AB (B Shares) 9,123 13,280 Hwaseung Enterprise Co Ltd 216 2,140 Hyosung TNC Co Ltd 1,091 71,155 IG Design Group plc 579

VALUE SHARES COMPANY (000) 38,787 Installed Building Products, Inc $ 4,301 34,950 *,e iRobot Corp 4,270 49,310 Japan Wool Textile Co Ltd 460 15,319 Jason Furniture Hangzhou Co Ltd 189 56,897 e JM AB 1,925 134,994 JNBY Design Ltd 241 66,000 Johnson Health Tech Co Ltd 200 29,369 Johnson Outdoors, Inc 4,192 18,757 Joyoung Co Ltd 88 19,107 Kaufman & Broad S.A. 825 128,881 KB Home 5,997 874,244 Kinpo Electronics 403 466,956 KMC Kuei Meng International In 3,451 403,200 Konka Group Co Ltd 131 80,612 Kontoor Brands, Inc 3,912 13,258 KPR Mill Ltd 194 14,500 Kurabo Industries Ltd 251 13,233 *,e Lakeland Industries, Inc 369 68,183 La-Z-Boy, Inc 2,896 483,776 * Lealea Enterprise Co Ltd 201 72,700 e LEC, Inc 831 9,194 * Legacy Housing Corp 163 188,090 e Leggett & Platt, Inc 8,586 367,155 Lennar Corp (Class A) 37,167 19,715 Lennar Corp (Class B) 1,623 650,027 Levi Strauss & Co 15,542 13,643 LF Corp 198 41,722 LG Electronics, Inc 5,570 16,691 * LGI Homes, Inc 2,492 1,729,621 Li Ning Co Ltd 11,315 18,550 e Lifetime Brands, Inc 272 93,008 * Lock & Lock Co Ltd 1,216 8,346 *,e Lovesac Co 472 484 * LPP S.A. 994 239,024 * Lululemon Athletica, Inc 73,311 152,978 Luthai Textile Co Ltd 80 282,483 LVMH Moet Hennessy Louis Vuitton S.A. 188,685 43,569 * M/I Homes, Inc 2,574 173,224 Makalot Industrial Co Ltd 1,496 52,577 * Malibu Boats, Inc 4,189 2,233,384 Man Wah Holdings Ltd 4,645 6,442 *,† Mariella Burani S.p.A. 0 7,534 Marine Products Corp 123 14,226 Mars Engineering Corp 212 39,011 * MasterCraft Boat Holdings, Inc 1,037 1,716,391 *,e Mattel, Inc 34,191 28,535 *,g Mavi Giyim Sanayi Ve Ticaret AS. 160 135,520 Maytronics Ltd 2,465 88,310 MDC Holdings, Inc 5,246 362,000 Merida Industry Co Ltd 4,442 55,976 * Meritage Homes Corp 5,145 81,100 Midea Group Co Ltd 1,022 171,615 MIPS AB 12,292 19,400 Mizuno Corp 382

VALUE SHARES COMPANY (000) 23,634 Movado Group, Inc $ 672 239,514 MRV Engenharia e Participacoes S.A. 774 22,781 * Nacon S.A. 195 31,000 Nan Liu Enterprise Co Ltd 196 211,615 *,e Nautilus, Inc 3,310 30,167 NavInfo Co Ltd 67 50,833 g Neinor Homes S.A. 627 5,693,622 Newell Brands Inc 152,475 62,448 Nien Made Enterprise Co Ltd 873 2,806,694 Nike, Inc (Class B) 372,982 597,900 Nikon Corp 5,617 113,286 Nobia AB 864 19,819 * NVR, Inc 93,366 967,079 Onward Kashiyama Co Ltd 2,730 63,502 Open House Co Ltd 2,716 10,432 Oppein Home Group, Inc 251 86,384 Orient Electric Ltd 369 24,721 Oxford Industries, Inc 2,161 1,060,778 Pacific Textile Holdings Ltd 680 2,132 Page Industries Ltd 886 97,456 Paiho Shih Holdings Corp 99 1,203,668 Panasonic Corp 15,587 6,822 Pandora AS 730 402,000 *,† Peace Mark Holdings Ltd 0 552,936 * Peloton Interactive, Inc 62,172 130,240 Persimmon plc 5,275 20,656 * PIK Group (GDR) 251 82,770 e Polaris Inc 11,050 965,006 Pou Chen Corp 1,120 8,422,509 Prada S.p.A 52,683 29,123 Pressance Corp 446 468,538 Pulte Homes, Inc 24,570 168,750 Puma AG. Rudolf Dassler Sport 16,545 64,897 * Purple Innovation, Inc 2,054 43,180 * PVH Corp 4,564 314,000 Q Technology Group Co Ltd 644 275,000 Quang Viet Enterprise Co Ltd 1,159 86,803 Rajesh Exports Ltd 569 9,744 * Ralph Lauren Corp 1,200 290,407 Redrow plc 2,514 38,123 * Relaxo Footwears Ltd 458 51,182 Rinnai Corp 5,741 10,828 Rocky Brands, Inc 585 595,098 * Roo Hsing Co Ltd 218 256,000 Ruentex Industries Ltd 717 52,385 e Salvatore Ferragamo Italia S.p.A 1,004 1,604,100 *,g Samsonite International 3,120 52,124 Sangetsu Co Ltd 792 153,100 Sankyo Co Ltd 4,060 15,612 * Sanlorenzo S.p.A 396 22,799 SEB S.A. 4,016 76,734 Sega Sammy Holdings, Inc 1,199 27,900 Seiko Holdings Corp 474 38,193 Seiren Co Ltd 673

VALUE SHARES COMPANY (000) 95,993 e Sharp Corp $ 1,662 99,045 * Shenzhen MTC Co Ltd 81 757,538 Shenzhou International Group Holdings Ltd 15,845 83,845 Shimano, Inc 20,026 23,505 *,e Skechers U.S.A., Inc (Class A) 980 164,353 * Skyline Champion Corp 7,439 1,167,900 * Skyworth Digital Holdings Ltd 400 159,827 Smith & Wesson Brands, Inc 2,789 541,214 * Sonos, Inc 20,279 2,458,717 Sony Corp 260,214 614,276 *,g Spin Master Corp 17,152 2,954,572 *,e Steinhoff International Holdings NV 467 418,000 Stella International Holdings Ltd 529 238,159 Steven Madden Ltd 8,874 51,605 Sturm Ruger & Co, Inc 3,410 270,007 Sumitomo Forestry Co Ltd 5,849 5,833 Suofeiya Home Collection Co Ltd 29 16,961 e Superior Uniform Group, Inc 431 9,102 Swatch Group AG. 2,621 2,182 Swatch Group AG. (Registered) 122 12,195 Symphony Ltd 211 804,602 Tainan Spinning Co Ltd 543 597,600 Taiwan Paiho Ltd 1,707 14,700 Tama Home Co Ltd 292 56,500 * Tamron Co Ltd 1,103 143,798 * Tapestry, Inc 5,926 390,561 * Taylor Morrison Home Corp 12,033 3,051,421 Taylor Wimpey plc 7,587 1,856,973 TCL Multimedia Technology Holdings Ltd 1,441 316,345 TCL Technology Group Corp 454 129,881 *,g Technogym S.p.A 1,508 812,240 Tempur Sealy International, Inc 29,695 208,000 Texhong Textile Group Ltd 302 130,832 g Thule Group AB 5,688 284,005 Titan Industries Ltd 6,072 11,155 e Tod’s S.p.A. 364 6,490 Token Corp 634 161,539 e Toll Brothers, Inc 9,164 70,046 * TomTom NV 646 87,301 Tomy Co Ltd 795 47,564 * TopBuild Corp 9,961 49,000 Topkey Corp 307 202,217 * TRI Pointe Homes, Inc 4,117 70,253 Trisul S.A. 123 3,266 TTK Prestige Ltd 324 78,957 * Tupperware Brands Corp 2,085 100,752 *,e Turtle Beach Corp 2,687 36,735 * Under Armour, Inc (Class A) 814 1,641,266 *,e Under Armour, Inc (Class C) 30,298 22,992 * Unifi, Inc 634 30,284 * Universal Electronics, Inc 1,665 22,843 * Universal Entertainment Corp 558 7,551 Vaibhav Global Ltd 397 4,921 VAN DE Velde 145

VALUE SHARES COMPANY (000) 51,673 * Vestel Elektronik Sanayi $ 235 360,949 VF Corp 28,847 81,207 *,e Victoria plc 936 41,288 * VIP Industries Ltd 201 177,717 * Vista Outdoor, Inc 5,699 71,296 Vivara Participacoes S.A. 312 30,564 * VOXX International Corp (Class A) 583 914 * V-ZUG Holding AG. 108 39,013 Wacoal Holdings Corp 867 323,000 Weiqiao Textile Co 86 249,275 * Welspun India Ltd 276 859,390 Whirlpool Corp 189,367 6,798 Winix, Inc 138 127,961 Wolverine World Wide, Inc 4,903 5,451 Xiamen Intretech, Inc 54 1,014,383 XTEP International Holdings 596 60,004 Yamaha Corp 3,270 456,376 * YETI Holdings, Inc 32,955 14,400 e Yondoshi Holdings, Inc 251 58,100 e Yonex Co Ltd 331 16,799 Youngone Corp 596 3,802 Youngone Holdings Co Ltd 146 816,500 Yue Yuen Industrial Holdings 2,042 35,712 Zhejiang Semir Garment Co Ltd 55 4,513 Zhejiang Supor Co Ltd 49 7,044 Zinus, Inc 495 36,700 Zojirushi Corp 642 TOTAL CONSUMER DURABLES & APPAREL 2,959,292

CONSUMER SERVICES - 2.7% 869,039 888 Holdings plc 4,729 81,456 g AcadeMedia AB 762 37,300 * Accel Entertainment, Inc 408 565,425 Accor S.A. 21,303 187,698 * Adtalem Global Education, Inc 7,422 8,072 Aeon Fantasy Co Ltd 178 135,531 * Afya Ltd 2,520 75,053 *,e Airbnb, Inc 14,105 2,033,638 *,e Alsea SAB de C.V. 3,013 23,480 * American Public Education, Inc 837 58,276 * AmRest Holdings SE 472 236,549 * Anima Holding S.A. 420 319,516 ARAMARK Holdings Corp 12,071 17,060 ARCLAND SERVICE Co Ltd 337 200,740 *,e Arco Platform Ltd 5,087 8,907,110 a,e Arcos Dorados Holdings, Inc 45,337 481,019 Aristocrat Leisure Ltd 12,620 22,303 *,e Aspen Group, Inc 134 6,407,168 Asset World Corp PCL 1,049 113,600 e Atom Corp 786 135,717 *,e Autogrill S.p.A. 1,123 96,935 * Bally’s Corp 6,299 43,158 *,g Basic-Fit NV 1,659 71,800 Benesse Holdings, Inc 1,512

VALUE SHARES COMPANY (000) 254,206 Betsson AB $ 2,358 25,110 *,e Better Collective A.S. 614 56 * Biglari Holdings, Inc (A Shares) 38 1,610 * Biglari Holdings, Inc (B Shares) 214 33,933 * BJ’s Restaurants, Inc 1,971 166,590 * BK Brasil Operacao e Assessoria a Restaurantes S.A. 286 3,068,500 * Bloomberry Resorts Corp 441 137,440 * Bloomin’ Brands, Inc 3,718 5,279 e Bluegreen Vacations Corp 57 38,780 * Bluegreen Vacations Holding Corp 719 132,910 * Booking Holdings, Inc 309,659 202,046 * Boyd Gaming Corp 11,913 93,395 * Bright Horizons Family Solutions 16,013 17,327 Bright Scholar Education Holdings Ltd (ADR) 100 50,241 * Brinker International, Inc 3,570 10,300 BRONCO BILLY Co Ltd 221 389,000 * CA Cultural Technology Group Ltd 137 527,596 * Caesars Entertainment, Inc 46,138 316,000 Cafe de Coral Holdings Ltd 687 200,815 Cairo Investment & Real Estate Development Co SAE 168 2,428,992 * Carnival Corp 64,465 205,285 * Carnival plc 4,529 25,951 Carriage Services, Inc 913 61,879 * Carrols Restaurant Group, Inc 370 406,268 Central Plaza Hotel PCL 476 46,923 * Century Casinos, Inc 482 64,698 *,e Cheesecake Factory 3,785 211,684 * Chegg, Inc 18,133 313,271 China Beststudy Education Group 112 208,360 g China East Education Holdings Ltd 455 338,303 China Education Group Holdings Ltd 604 474,000 China Kepei Education Group Ltd 329 1,116,000 *,e China Maple Leaf Educational Systems Ltd 293 641,000 g China New Higher Education Group Ltd 358 22,700 *,e China Online Education Group (ADR) 462 1,812,000 * China Travel International Inv HK 308 428,000 g China Xinhua Education Group Ltd 128 520,656 g China Yuhua Education Corp Ltd 409 100,418 * Chipotle Mexican Grill, Inc (Class A) 142,676 48,806 * Choice Hotels International, Inc 5,236 84,785 e Churchill Downs, Inc 19,282 28,846 *,e Chuy’s Holdings, Inc 1,278 11,606 * Cie des Alpes 298 1,430,300 * Cogna Educacao 1,011 99,526 Collins Foods Ltd 791 59,400 e Colowide Co Ltd 1,021 1,650,812 * Compass Group plc 33,353 108,730 *,e Corporate Travel Management Ltd 1,628 36,319 Cracker Barrel Old Country Store, Inc 6,279 88,600 *,e Create Restaurants Holdings, Inc 693 311,710 * Crown Resorts Ltd 2,794 46,800 Curves Holdings Co Ltd 427 123,866 * CVC Brasil Operadora e Agencia de Viagens S.A. 434 195,429 Dadi Early-Childhood Education Group Ltd 1,216

VALUE SHARES COMPANY (000) 57,466 * Dave & Buster’s Entertainment, Inc $ 2,753 46,865 Del Taco Restaurants, Inc 449 61,464 * Denny’s Corp 1,113 23,663 * Dine Brands Global Inc. 2,130 61,582 Domino’s Pizza Enterprises Ltd 4,520 441,848 * Domino’s Pizza Group plc 2,114 14,454 Domino’s Pizza, Inc 5,316 6,751 DoubleUGames Co Ltd 409 32,318 Doutor Nichires Holdings Co Ltd 503 238 * DraftKings, Inc 15 34,768 Dur Hospitality Co 289 234,000 Edvantage Group Holdings Ltd 228 124,356 * EIH Ltd 159 27,217 * El Pollo Loco Holdings, Inc 439 86,374 e,g Elior Participations S.C.A 640 38,195 * Emerson Pacific, Inc 250 493,580 * Entain PLC 10,322 351,119 * Everi Holdings, Inc 4,954 208,905 e,g Evolution Gaming Group AB 30,764 306,718 Extended Stay America, Inc 6,058 18,372 * Fattal Holdings 1998 Ltd 1,986 31,058 * Fiesta Restaurant Group, Inc 391 146,526 *,e Flight Centre Travel Group Ltd 2,014 396,771 * Flutter Entertainment plc 84,770 137,462 * Flutter Entertainment PLC 29,487 42,990 Formosa International Hotels Corp 235 162,990 * frontdoor, Inc 8,761 701,000 Fu Shou Yuan International Group Ltd 721 23,399 Fuji Kyuko Co Ltd 1,244 18,000 e Fujio Food System Co Ltd 222 943,826 * G8 Education Ltd 745 8,232,846 * Galaxy Entertainment Group Ltd 74,428 75,908 Gamesys Group PLC 2,022 26,894 * GAN Ltd 489 893,597 Genting BHD 1,085 3,464,281 Genting Malaysia Bhd 2,566 2,715,070 Genting Singapore Ltd 1,860 27,767 * Golden Entertainment, Inc 701 67,739 Gourmet Master Co Ltd 416 5,442 Graham Holdings Co 3,061 65,046 * Grand Canyon Education, Inc 6,966 25,894 * Grand Korea Leisure Co Ltd 383 55,394 * Great Canadian Gaming Corp 1,907 9,928 *,e GreenTree Hospitality Group Ltd 131 102,385 Greggs plc 3,169 30,478 *,e GSX Techedu, Inc (ADR) 1,033 421,260 H&R Block, Inc 9,183 885,776 e,g Haidilao International Holding Ltd 6,075 6,885 * Hana Tour Service, Inc 414 16,931 Herfy Food Services Co 295 26,437 e Hiday Hidaka Corp 430 237,692 * Hilton Grand Vacations, Inc 8,911 1,030,760 * Hilton Worldwide Holdings, Inc 124,640 36,628 e HIS Co Ltd 736

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 476,500 Hongkong & Shanghai Hotels 475 1,724,000 g Hope Education Group Co Ltd 578

VALUE SHARES COMPANY (000) 684,889 * Houghton Mifflin Harcourt Co $ 5,219 179,975 Huangshan Tourism Development Co Ltd 135 1,082,203 * Huazhu Group Ltd (ADR) 59,413 69,592 Humansoft Holding Co KSC 852 49,579 * Hyatt Hotels Corp 4,100 15,500 Ichibanya Co Ltd 676 1,640,278 IDP Education Ltd 29,846 540,803 Indian Hotels Co Ltd 824 146,615 InterContinental Hotels Group plc 10,083 546,992 *,e International Game Technology plc 8,779 141,837 e Invocare Ltd 1,211 69,387 Jack in the Box, Inc 7,617 19,500 Japan Best Rescue System Co Ltd 149 593,000 *,g Jiumaojiu International Holdings Ltd 2,377 172,883 Jollibee Foods Corp 631 65,323 * Jubilant Foodworks Ltd 2,609 429,210 e Jumbo Interactive Ltd 4,148 68,324 * Kambi Group plc 3,629 40,522 * Kangwon Land, Inc 910 28,170 *,e Kappa Create Co Ltd 377 15,600 Kentucky Fried Chicken Japan Ltd 419 282,668 Kindred Group plc (ADR) 4,967 23,600 e Kisoji Co Ltd 499 44,700 * KOMEDA Holdings Co Ltd 815 214,572 *,e,g Koolearn Technology Holding Ltd 490 47,616 e Koshidaka Holdings Co Ltd 257 10,102 e Kura Corp 681 2,787 *,e Kura Sushi USA, Inc 88 29,283 *,e Kyoritsu Maintenance Co Ltd 973 72,430 g La Francaise des Jeux SAEM 3,291 2,038,964 * Las Vegas Sands Corp 123,887 166,858 * Laureate Education, Inc 2,268 15,932 * Leejam Sports Co JSC 308 438,886 g LeoVegas AB 2,574 19,041 *,e Lindblad Expeditions Holdings, Inc 360 10,100 e Litalico, Inc 379 23,987 * Lotte Tour Development Co Ltd 398 100,000 Lung Yen Life Service Corp 182 1,272,000 * Macau Legend Development Ltd 187 611,507 Magnum BHD 324 381,045 * Marriott International, Inc (Class A) 56,437 60,100 * Marriott Vacations Worldwide Corp 10,468 636,036 * Marston’s plc 862 9,800 e Matsuya Foods Co Ltd 310 2,394,058 McDonald’s Corp 536,604 34,799 McDonald’s Holdings Co Japan Ltd 1,604 5,649 MegaStudyEdu Co Ltd 296 3,922,421 * Melco Crown Entertainment Ltd (ADR) 78,095 5,498,817 Melco International Development 11,225 119,691 * Melia Hotels International S.A. 894 764,400 * MGM China Holdings Ltd 1,359 639,454 MGM Resorts International 24,293 1,177,000 Minor International PCL (Foreign) 1,228 654,000 g Minsheng Education Group Co Ltd 119

VALUE SHARES COMPANY (000) 11,774 * Monarch Casino & Resort, Inc $ 714 9,934 Monogatari Corp 647 21,900 e MOS Food Services, Inc 644 20,551 * MTY Food Group, Inc 943 3,785 Nathan’s Famous, Inc 239 4,638 * NEOGAMES S.A. 166 1,323,469 * New Oriental Education & Technology Group (ADR) 18,529 102,716 * Noodles & Co 1,063 511,987 *,e Norwegian Cruise Line Holdings Ltd 14,126 32,419 Offcn Education Technology Co Ltd 140 13,800 Ohsho Food Service Corp 726 47,711 *,e OneSmart International Education Group Ltd (ADR) 111 71,594 *,e OneSpaWorld Holdings Ltd 762 75,023 OPAP S.A. 1,014 179,198 Oriental Land Co Ltd 26,966 94,553 e Pandox AB 1,602 76,721 Papa John’s International, Inc 6,801 34,489 * Paradise Co Ltd 510 277,450 e Park Lawn Corp 7,268 38,470 *,† Patisserie Holdings plc 1 244,614 * Penn National Gaming, Inc 25,645 370,234 * Perdoceo Education Corp 4,428 4,393 *,e PIA Corp 122 125,757 * Planet Fitness, Inc 9,721 178,014 * PlayAGS, Inc 1,438 309,027 Playtech Ltd 1,883 23,205 * Plenus Co Ltd 397 1,234,278 * PointsBet Holdings Ltd 11,703 25,350 Power Wind Health Industry, Inc 147 30,000 *,e Puxin Ltd (ADR) 120 13,247 e RCI Hospitality Holdings, Inc 842 17,382 * Recipe Unlimited Corp 281 22,334 * Red Robin Gourmet Burgers, Inc 891 448,596 * Red Rock Resorts, Inc 14,620 33,333 *,e Regis Corp 419 88,100 Resorttrust, Inc 1,476 263,663 Restaurant Brands International, Inc (Toronto) 17,147 36,951 * Restaurant Brands New Zealand Ltd 343 782,428 * Restaurant Group plc 1,321 22,000 *,e Ringer Hut Co Ltd 453 120,000 Riso Kyoiku Co Ltd 368 70,561 e Round One Corp 795 308,484 * Royal Caribbean Cruises Ltd 26,409 29,200 *,e Royal Holdings Co Ltd 529 25,935 * Ruth’s Hospitality Group Inc 644 30,300 Saizeriya Co Ltd 623 2,064,292 * Sands China Ltd 10,346 11,988 * Saudi Airlines Catering Co 243 102,644 e,g Scandic Hotels Group AB 423 99,000 e Scholar Education Group 102 144,022 * Scientific Games Corp (Class A) 5,548 117,196 SeaLink Travel Group Ltd 817 178,076 * SeaWorld Entertainment, Inc 8,845 114,709 * Seera Group Holding 577

VALUE SHARES COMPANY (000) 10,800 * SFP Holdings Co Ltd $ 138 31,522 * Shake Shack, Inc 3,555 12,939 Shanghai Jinjiang International Hotels Development Co Ltd 110 1,076,000 Shanghai Jinjiang International Hotels Group Co Ltd 209 1,166,000 * Shangri-La Asia Ltd 1,166 177,972 Shenzhen Overseas Chinese Town Co Ltd 277 182,200 *,e Silver Life Co Ltd 3,508 414,591 * Six Flags Entertainment Corp 19,266 9,624,611 SJM Holdings Ltd 12,630 45,060 * SkiStar AB 617 753,502 * Sky City Entertainment Group Ltd 1,834 204,582 e Skylark Co Ltd 3,067 74,391 * Sodexho Alliance S.A. 7,127 56,514 Songcheng Performance Development Co Ltd 185 558,310 * SSP Group plc 2,865 16,500 St Marc Holdings Co Ltd 257 883,331 * Star Entertainment Grp Ltd 2,557 1,253,338 Starbucks Corp 136,952 58,747 Strategic Education, Inc 5,399 62,333 * Stride, Inc 1,877 9,900 Studio Alice Co Ltd 188 22,828,000 *,e Summit Ascent Holdings Ltd 2,535 1,880,000 *,e Suncity Group Holdings Ltd 143 4,400 * SuRaLa Net Co Ltd 154 2,437,800 * Surya Permata Andalan Tbk PT 91 106,793 Sushiro Global Holdings Ltd 4,735 2,904,694 Tabcorp Holdings Ltd 10,378 328,839 * TAL Education Group (ADR) 17,708 19,575 *,e Target Hospitality Corp 49 247,440 *,e Terminix Global Holdings, Inc 11,795 110,862 * Texas Roadhouse, Inc (Class A) 10,636 875,000 Tianli Education International Holdings Ltd 855 12,471 *,e TKP Corp 291 15,985 Tokyotokeiba Co Ltd 809 38,359 e Toridoll.corp 576 14,584 e Tosho Co Ltd 247 823,185 Travel & Leisure Co 50,346 792,835 *,e TUI AG. (DI) 4,006 25,070 *,e Universal Technical Institute, Inc 146 59,323 * Vail Resorts, Inc 17,302 171,257 * Vivint Smart Home, Inc 2,452 23,792 *,e Watami Co Ltd 216 75,604 e Wendy’s 1,532 41,279 * Westlife Development Ltd 261 86,386 * Wetherspoon (J.D.) plc 1,617 170,676 * Whitbread plc 8,057 1,004,419 William Hill plc 3,766 81,734 Wingstop, Inc 10,394 516,000 Wisdom Education International Holdings Co Ltd 230 134,865 * WW International Inc 4,219 591,098 e Wyndham Hotels & Resorts, Inc 41,247 29,554,673 * Wynn Macau Ltd 57,499 1,149,874 * Wynn Resorts Ltd 144,160 278,500 e,g Xiabuxiabu Catering Management China Holdings Co Ltd 566

VALUE SHARES COMPANY (000) 546,561 YDUQS Part $ 2,594 63,919 e Yoshinoya D&C Co Ltd 1,271 1,090,429 Yum China Holdings, Inc 64,564 1,600,485 Yum! Brands, Inc 173,140 14,422 Zeal Network SE 742 97,822 e Zensho Co Ltd 2,506 TOTAL CONSUMER SERVICES 3,511,986

DIVERSIFIED FINANCIALS - 4.6% 48,211 * 360 Finance, Inc (ADR) 1,254 66,464 3i Group plc 1,056 23,586 ABC Arbitrage 201 24,159 Ackermans & Van Haaren 3,841 218,170 Acom Co Ltd 1,016 346,640 * Aditya Birla Capital Ltd 568 59,011 Aeon Credit Service M BHD 175 109,400 AEON Financial Service Co Ltd 1,471 60,400 Aeon Thana Sinsap Thailand PCL 415 63,028 Affiliated Managers Group, Inc 9,393 2,400,183 AGNC Investment Corp 40,227 803,882 * Aiful Corp 2,330 292,468 AJ Bell plc 1,690 26,719 Aker ASA (A Shares) 2,050 23,653 Alerus Financial Corp 704 652,074 Alexander Forbes Group Holdings Ltd 181 497,387 Alimtiaz Investment Group KSC 179 523,299 Ally Financial, Inc 23,658 27,990 * Alpha FX Group plc 505 61,671 Altshuler Shaham Provident Funds & Pension Ltd 393 892,279 Amanat Holdings PJSC 206 7,628 A-Mark Precious Metals, Inc 275 1,854,953 n American Express Co 262,365 161,548 Ameriprise Financial, Inc 37,552 3,262,606 AMP Ltd 3,146 35,526 g Amundi S.A. 2,839 292,455 g Anima Holding S.p.A 1,505 4,674,836 Annaly Capital Management, Inc 40,204 218,576 Apollo Commercial Real Estate Finance, Inc 3,054 247,624 Apollo Global Management, Inc 11,641 176,092 Arbor Realty Trust, Inc 2,800 45,452 Ares Commercial Real Estate Corp 624 163,091 Ares Management Corp 9,138 88,606 *,e Arlington Asset Investment Corp (Class A) 358 106,600 e ARMOUR Residential REIT, Inc 1,301 173,489 Artisan Partners Asset Management, Inc 9,051 452,253 Ashmore Group plc 2,439 164,858 * Assetmark Financial Holdings, Inc 3,848 1,472 e Associated Capital Group, Inc 53 3,835 *,e Atlanticus Holdings Corp 116 88,245 * Aurelius AG. 2,796 262,035 Australian Stock Exchange Ltd 14,184 127,358 e Avanza Bank Holding AB 3,955 121,314 Avic Capital Co Ltd 74 2,215 *,† Ayala Corp Preferred 0

VALUE SHARES COMPANY (000) 1,805,238 B3 SA-Brasil Bolsa Balcao $ 17,518 239,053 * Bajaj Finance Ltd 16,924 230,632 e,g Banca Farmafactoring S.p.A 1,695 684,923 * Banca Generali S.p.A 24,102 24,205 * Banca IFIS S.p.A. 319 147,610 Banca Mediolanum S.p.A 1,392 100,000 Banco BTG Pactual S.A. 448 725,309 Banco BTG Pactual S.A. - Unit 12,506 50,711 Banco Latinoamericano de Exportaciones S.A. (Class E) 767 787,152 Bangkok Commercial Asset Management PCL 548 3,007,030 Bank of New York Mellon Corp 142,202 3,482,850 * Berkshire Hathaway, Inc (Class B) 889,764 476,802 BGC Partners, Inc (Class A) 2,303 290,218 BlackRock, Inc 218,813 287,059 Blackstone Group, Inc 21,395 221,288 e Blackstone Mortgage Trust, Inc 6,860 206,021 * Blucora, Inc 3,428 977,012 e BOCOM International Holdings Co Ltd 200 413,854 Bolsa Mexicana de Valores S.A. de C.V. 835 1,502,501 *,e Brait S.A. 265 486,234 Brewin Dolphin Holdings plc 2,081 287,634 Brightsphere Investment Group, Inc 5,862 200,223 Broadmark Realty Capital, Inc 2,094 1,344,851 Brookfield Asset Management, Inc 59,821 275,064 Brookfield Asset Management, Inc (New York) 12,240 54,441 Bure Equity AB 1,870 1,572,483 * Burford Capital Ltd 13,617 2,385,500 Bursa Malaysia BHD 5,149 117,902 Caitong Securities Co Ltd 201 215,080 Canaccord Financial, Inc 1,968 346,725 * Cannae Holdings, Inc 13,737 885,757 Capital One Financial Corp 112,695 1,293,990 Capital Securities Corp 710 153,455 Capstead Mortgage Corp 956 212,165 Carlyle Group, Inc 7,799 151,077 CBOE Global Markets, Inc 14,910 67,499 e Cembra Money Bank AG. 7,438 456,711 Central Depository Services India Ltd 4,109 268,513 * Cerved Information Solutions S.p.A 2,970 1,034,099 Chailease Holding Co Ltd 7,157 583,998 Challenger Financial Services Group Ltd 2,846 132,764 Changjiang Securities Co Ltd 143 3,080,536 Charles Schwab Corp 200,789 26,480 e Cherry Hill Mortgage Investment Corp 247 305,208 Chimera Investment Corp 3,876 610,000 China Bills Finance Corp 334 3,873,574 China Cinda Asset Management Co Ltd 808 409,444 China Everbright Ltd 535 1,426,959 China Galaxy Securities Co Ltd 883 138,150 China Galaxy Securities Co Ltd (Class A) 219 77,421 China Great Wall Securities Co Ltd 129 4,136,279 g China Huarong Asset Management Co Ltd 544 528,937 *,e,g China International Capital Corp Ltd 1,287 37,800 * China International Capital Corp Ltd 285

VALUE SHARES COMPANY (000) 120,600 g China Renaissance Holdings Ltd $ 484 70,312 * Cholamandalam Financial Holdings Ltd 579 342,855 Cholamandalam Investment and Finance Co Ltd 2,635 235,610 e CI Financial Corp 3,403 871,405 e CITIC Securities Co Ltd 2,014 556,975 CITIC Securities Co Ltd (Class A) 2,038 27,555,077 e CMBC Capital Holdings Ltd 375 251,355 g CMC Markets plc 1,674 598,443 CME Group, Inc 122,220 93,157 Coface S.A. 1,029 114,574 e Cohen & Steers, Inc 7,485 135,935 Colony Credit Real Estate, Inc 1,158 159,771 Coronation Fund Managers Ltd 593 17,217 Corp Financiera Alba 854 90,050 * Corp Financiera Colombiana S.A. 805 34,172 e Cowen Group, Inc 1,201 4,725 e Creades AB 448 13,361 *,e Credit Acceptance Corp 4,813 70,466 e Credit Corp Group Ltd 1,761 151,100 Credit Saison Co Ltd 1,821 6,977,098 Credit Suisse Group 73,813 35,393 * CreditAccess Grameen Ltd 326 12,065 CRISIL Ltd 304 147,433 CSC Financial Co Ltd 718 18,478 Curo Group Holdings Corp 270 21,751 Daishin Securities Co Ltd 313 14,002 Daishin Securities Co Ltd PF 174 1,270,793 * Daiwa Securities Group, Inc 6,583 10,911 Daou Data Corp 124 18,629 Daou Technology, Inc 448 134,057 * Deutsche Bank AG. (Registered) 1,603 10,850 Deutsche Beteiligungs AG. 489 98,491 Deutsche Boerse AG. 16,366 180,338 * Dhani Services Ltd 416 4,798 Diamond Hill Investment Group, Inc 749 1,998,000 * Differ Group Holding Co Ltd 244 2,171,770 Discover Financial Services 206,296 44,491 g doBank S.p.A 543 100,325 Dongxing Securities Co Ltd 168 203,359 * Donnelley Financial Solutions, Inc 5,659 152,463 * Draper Esprit plc 1,698 1,503,800 Dubai Financial Market 423 38,597 Dynex Capital, Inc 731 438,376 East Money Information Co Ltd 1,835 242,172 ECN Capital Corp 1,509 23,902,873 * Edelweiss Capital Ltd 20,767 92,747 e EFG International 711 31,086 e eGuarantee, Inc 587 399,568 * Egyptian Financial Group-Hermes Holding 370 4,658 * Electreon Wireless Ltd 304 458,814 Element Financial Corp 5,020 66,244 Ellington Financial Inc 1,061 18,613 e Ellington Residential Mortgage REIT 229 48,977 * Encore Capital Group, Inc 1,970

VALUE SHARES COMPANY (000) 2,674,188 Equitable Holdings, Inc $ 87,232 51,218 Eurazeo 3,896 826,936 g Euronext NV 83,231 96,206 Everbright Securities Co Ltd 239 55,515 Evercore Inc 7,314 7,390 EXOR NV 623 173,460 * Ezcorp, Inc (Class A) 862 34,857 Factset Research Systems, Inc 10,757 762,401 Far East Horizon Ltd 916 422,523 Federated Investors, Inc (Class B) 13,225 74,741 e Fiera Capital Corp 593 69,700 Financial Products Group Co Ltd 457 84,853 e FinVolution Group (ADR) 595 107,491 First Capital Securities Co Ltd 127 2,706,000 First Pacific Co 895 29,495 FirstCash, Inc 1,937 3,662,824 e FirstRand Ltd 12,801 23,444 * flatexDEGIRO AG. 2,173 34,310 g Flow Traders 1,435 97,556 * Focus Financial Partners, Inc 4,060 144,346 * Founder Securities Co Ltd 192 373,562 Franklin Resources, Inc 11,057 8,350,363 Fuhwa Financial Holdings Co Ltd 6,597 196,749 *,g Funding Circle Holdings plc 417 34,200 *,e Futu Holdings Ltd (ADR) 5,432 34,784 Fuyo General Lease Co Ltd 2,398 110,356 * GAM Holding AG. 291 3,989 GAMCO Investors, Inc (Class A) 74 5,646,517 *,e Gentera SAB de C.V. 2,522 530,836 GF Securities Co Ltd 816 146,208 GF Securities Co Ltd (Class A) 351 20,511 Gimv NV 1,226 40,301 GMO Financial Holdings, Inc 332 235,839 e goeasy Ltd 23,479 831,102 Goldman Sachs Group, Inc 271,770 87,164 Granite Point Mortgage Trust, Inc 1,043 35,276 Great Ajax Corp 385 101,979 * Green Dot Corp 4,670 13,349 Greenhill & Co, Inc 220 28,011 e GRENKE AG. 1,061 7,711 Groupe Bruxelles Lambert S.A. (EN Brussels) 798 102,177 Grupo de Inversiones Suramericana S.A. 606 36,734 Gruppo MutuiOnline S.p.A 1,936 36,615 Guangzhou Yuexiu Financial Holdings Group Co Ltd 79 43,604 * Guolian Securities Co Ltd 101 55,449 Guosen Securities Co Ltd 101 3,285,800 Guotai Junan International Hol 607 387,516 Guotai Junan Securities Co Ltd 963 99,054 Guoyuan Securities Co Ltd 117 1,717 *,e GWG Holdings Inc 12 322,665 Haci Omer Sabanci Holding AS 337 2,526,282 e Haitong International Securities Group Ltd 808 1,127,173 Haitong Securities Co Ltd 1,047 514,612 Haitong Securities Co Ltd (Class A) 871

VALUE SHARES COMPANY (000) 113,643 e Hannon Armstrong Sustainable Infrastructure Capital, Inc $ 6,375 81,324 * Hanwha Securities Co 307 22,632 Hargreaves Lansdown plc 481 46,210 g HDFC Asset Management Co Ltd 1,850 10,186 Hithink RoyalFlush Information Network Co Ltd 187 2,081,508 Hong Kong Exchanges and Clearing Ltd 123,487 138,000 Hotai Finance Co Ltd 424 37,810 Houlihan Lokey, Inc 2,515 95,825 Huaan Securities Co Ltd 94 615,740 g Huatai Securities Co Ltd 946 367,440 Huatai Securities Co Ltd (Class A) 953 112,900 Huaxi Securities Co Ltd 172 51,275 e HUB24 Ltd 812 28,681 * Hypoport AG. 15,212 48,054 g ICICI Securities Ltd 253 910,903 * IDFC Ltd 592 2,448,770 IG Group Holdings plc 30,408 208,385 e IGM Financial, Inc 6,351 26,184 IIFL Wealth Management Ltd 445 110,124 g Indian Energy Exchange Ltd 503 135,880 Industrial Securities Co Ltd 176 10,922 Industrivarden AB 383 90,371 Industrivarden AB 3,325 304,783 IntegraFin Holdings plc 2,130 95,269 e Interactive Brokers Group, Inc (Class A) 6,958 858,379 Intercontinental Exchange Group, Inc 95,864 297,526 Intermediate Capital Group plc 7,554 37,809 Inversiones La Construccion S.A. 291 532,541 Invesco Ltd 13,431 369,110 e Invesco Mortgage Capital, Inc 1,480 219,046 Investec Ltd 644 705,752 Investec plc 2,133 31,873 Investment AB Oresund 509 101,818 Investor AB (B Shares) 8,124 626,286 IOOF Holdings Ltd 1,678 2,250,421 * IP Group plc 3,852 90,834 Is Yatirim Menkul Degerler AS 173 1,804,010 iShares Core MSCI Emerging Markets ETF 116,106 9,390 iShares Core S&P 500 ETF 3,736 21,300 iShares MSCI ACWI ex US ETF 1,175 761,313 e iShares MSCI Canada Index Fund 25,923 43,681 iShares MSCI EAFE Index Fund 3,314 12,800 e iShares MSCI EAFE Small-Cap ETF 920 21,677 e iShares MSCI Emerging Markets 1,156 5,000 e iShares MSCI Emerging Markets Small-Cap ETF 287 100 e iShares Russell 2000 Index Fund 22 92,500 e iShares Russell Midcap Growth Index Fund 9,441 185,005 * Isracard Ltd 636 23,625 Jaccs Co Ltd 485 51,018 *,e Jafco Co Ltd 3,047 185,906 e Japan Investment Adviser Co Ltd 2,830 66,800 Japan Securities Finance Co Ltd 482 422,948 Jefferies Financial Group, Inc 12,731 321,009 JM Financial Ltd 373

VALUE SHARES COMPANY (000) 83,862 Julius Baer Group Ltd $ 5,359 458,960 Jupiter Investment Management Group Ltd 1,763 65,638 * KBC Ancora 2,809 16,507 e Kinnevik AB 802 9,372 KIWOOM Securities Co Ltd 1,051 754,907 KKR & Co, Inc 36,877 43,056 KKR Real Estate Finance Trust, Inc 792 34,348 Korea Investment Holdings Co Ltd 2,610 12,934 KRUK S.A. 600 627,928 Krungthai Card PCL 1,593 283,469 Kumho Investment Bank 172 639,682 * L&T Finance Holdings Ltd 843 167,282 Ladder Capital Corp 1,974 342,523 Lazard Ltd (Class A) 14,903 432,972 * LendingClub Corp 7,153 17,424 *,e LendingTree, Inc 3,711 9,865 e Leonteq A.G. 486 75,400 *,e LexinFintech Holdings Ltd (ADR) 759 65,411 Liontrust Asset Management plc 1,281 856,568 London Stock Exchange Group plc 81,887 174,288 LPL Financial Holdings, Inc 24,777 148,645 *,e Lufax Holding Ltd 2,158 5,192 e Lundbergs AB (B Shares) 284 13,400 * M&A Capital Partners Co Ltd 669 2,071,715 M&G plc 5,920 326,256 Macquarie Group Ltd 38,035 122,185 Magellan Financial Group Ltd 4,217 556,712 * Mahindra & Mahindra Financial Services Ltd 1,519 14,977,298 Man Group plc 33,236 353,627 Manappuram General Finance & Leasing Ltd 724 58,412 MarketAxess Holdings, Inc 29,085 5,242 e Marlin Business Services Corp 72 60,600 e Marusan Securities Co Ltd 353 12,626 *,g MAS Financial Services Ltd 147 112,500 e Matsui Securities Co Ltd 917 29,513 Meritz finance Holdings Co Ltd 448 87,964 Meritz Securities Co Ltd 359 5,941,380 Metro Pacific Investments Corp 459 700,300 MFA Financial Inc 2,850 225,053 Mirae Asset Daewoo Co Ltd 1,969 323,170 e Mitsubishi UFJ Lease & Finance Co Ltd 1,954 28,400 Mizuho Leasing Co Ltd 854 65,089 MLP AG. 537 113,157 Moelis & Co 6,210 118,518 Moelis Australia Ltd 456 155,952 *,e Monex Group, Inc 1,326 263,151 Moody’s Corp 78,580 6,576,463 Morgan Stanley 510,728 50,652 Morningstar, Inc 11,399 29,969 Motilal Oswal Financial Services Ltd 257 136,921 MSCI, Inc (Class A) 57,408 526,582 Muangthai Capital PCL 1,194 38,530 Multi Commodity Exchange of India Ltd 798 44,009 * Muthoot Finance Ltd 726

VALUE SHARES COMPANY (000) 64,563 Natixis $ 309 484,165 Navient Corp 6,928 9,700 NEC Capital Solutions Ltd 178 27,721 Nelnet, Inc (Class A) 2,016 153,041 Netwealth Group Ltd 1,574 576,255 New Residential Investment Corp 6,483 586,039 e New York Mortgage Trust, Inc 2,620 56,823 *,† NewStar Financial, Inc 14 15,620 NICE Holdings Co Ltd 236 111,652 Ninety One Ltd 363 610,784 Ninety One plc 2,008 90,996 g Nippon Life India Asset Management Ltd 422 13,443 * Noah Holdings Ltd (ADR) 597 3,605,436 * Nomura Holdings, Inc 19,103 1,337,395 * Nordnet AB publ 21,592 76,572 Northeast Securities Co Ltd 101 26,943 Northern Trust Corp 2,832 96,024 Numis Corp plc 499 191,785 Oceanwide Holdings Co Ltd 81 164,393 e Okasan Holdings, Inc 671 1,632,471 Omni Bridgeway Ltd 4,373 172,791 OneMain Holdings, Inc 9,282 142,657 Onex Corp 8,873 31,691 * Oportun Financial Corp 656 15,663 Oppenheimer Holdings, Inc 627 108,304 e Orchid Island Capital, Inc 651 504,400 Orient Corp 703 124,037 Orient Securities Co Ltd 168 1,812,468 ORIX Corp 30,654 523,072 Osaka Securities Exchange Co Ltd 12,287 82,842 * Pacific Securities Co Ltd 41 4,523,744 * Pacific Strategic Financial Tbk PT 232 6,594 Partners Group 8,427 245,238 Pendal Group Ltd 1,214 157,635 PennyMac Mortgage Investment Trust 3,090 55,762 Perpetual Trustees Australia Ltd 1,404 296,472 Pinnacle Investment Management Group Ltd 2,087 26,593 Piper Jaffray Cos 2,916 2,686,125 Piramal Healthcare Ltd 64,675 22,670 PJT Partners, Inc 1,534 285,254 Platinum Asset Mangement Ltd 1,087 98,176 Plus500 Ltd 1,895 70,844 * PRA Group, Inc 2,626 632,683 President Securities Corp 522 322,346 PROG Holdings, Inc 13,954 260,299 Provident Financial plc 779 47,438 Pzena Investment Management, Inc (Class A) 500 114,380 *,e Qudian, Inc (ADR) 261 1,827,995 g Quilter plc 4,026 1,625,527 Ratchthani Leasing PCL 235 113,201 Rathbone Brothers 2,746 211,782 Ratos AB (B Shares) 1,151 166,551 Raymond James Financial, Inc 20,412 100,172 Ready Capital Corp 1,344

VALUE SHARES COMPANY (000) 15,156 Regional Management Corp $ 525 58,829 Reinet Investments S.C.A 1,163 200,928 Remgro Ltd 1,417 131,413 g Resurs Holding AB 719 239,000 * Ribbit LEAP Ltd 2,629 15,861 Ricoh Leasing Co Ltd 498 476,709 S&P Global, Inc 168,216 32,880 *,e Safeguard Scientifics, Inc 224 10,499 Samsung Card Co 320 51,696 Samsung Securities Co Ltd 1,810 145,250 Sanne Group plc 1,311 154,479 Santander Consumer USA Holdings, Inc 4,180 746,038 * SBI Holdings, Inc 20,273 8,440 Schroders plc 407 117,902 Sculptor Capital Management, Inc 2,580 108,563 SDIC Capital Co Ltd 203 155,891 Sealand Securities Co Ltd 107 156,370 SEI Investments Co 9,528 250,900 * Shanghai Dajiang Group 46 97,269 Shanxi Securities Co Ltd 105 244,000 Sheng Ye Capital Ltd 198 1,163,244 Shenwan Hongyuan Group Co Ltd 825 2,409 * Shinyoung Securities Co Ltd 122 269,907 Shriram Transport Finance Co Ltd 5,284 763,742 * SHUAA Capital PSC 137 7,858 *,e Siebert Financial Corp 32 7,565 Silvercrest Asset Management Group, Inc 109 767,644 Singapore Exchange Ltd 5,693 73,482 Sinolink Securities Co Ltd 152 536,938 SLM Corp 9,649 4,886 e Societe Fonciere Financiere et de Participations FFP 637 13,153 Sofina S.A. 4,447 91,927 SooChow Securities Co Ltd 136 120,373 Southwest Securities Co Ltd 86 12,487 * Spandana Sphoorty Financial Ltd 104 94,358 Sparx Group Co Ltd 255 8,000 e SPDR S&P 500 ETF Trust 3,171 21,699 e Sprott, Inc 824 768,475 *,†,e SRH NV 9 630,810 Srisawad Corp PCL 1,723 422,864 St. James’s Place plc 7,424 1,993,533 Standard Life Aberdeen plc 7,964 753,541 Starwood Property Trust, Inc 18,643 497,019 State Street Corp 41,755 22,678 e StepStone Group, Inc 800 156,954 Stifel Financial Corp 10,054 58,926 * StoneX Group, Inc 3,853 9,724 Strike Co Ltd 389 589,735 Sun Hung Kai & Co Ltd 300 48,555 Sundaram Finance Ltd 1,710 22,218 Svolder AB 554 8,811 Swissquote Group Holding S.A. 1,137 2,651 *,e SWK Holdings Corp 39 2,233,766 Synchrony Financial 90,825

VALUE SHARES COMPANY (000) 118,479 Tamburi Investment Partners S.p.A. $ 1,053 10,236 Tata Investment Corp Ltd 145 1,195,983 Tel Aviv Stock Exchange Ltd 7,389 122,437 Tianfeng Securities Co Ltd 94 57,648 TMX Group Ltd 5,990 220,380 Tokai Tokyo Securities Co Ltd 808 23,810 Tokyo Century Corp 1,604 71,459 Tong Yang Investment Bank 224 809,772 TP Icap Group plc 2,718 85,594 TPG RE Finance Trust, Inc 959 128,680 Tradeweb Markets, Inc 9,522 403,987 * Transaction Capital Ltd 847 4,907,055 Turkiye Sinai Kalkinma Bankasi AS 802 417,253 Two Harbors Investment Corp 3,058 4,176,174 UBS Group AG 64,612 18,421 Ujjivan Financial Services Ltd 53 19,445 *,e Upstart Holdings, Inc 2,506 142,149 * Uranium Participation Corp 616 18,600 * Uzabase, Inc 467 247 Value Line, Inc 7 1,256,011 Value Partners Group Ltd 858 25,000 Vanguard FTSE Developed Markets ETF 1,228 195,281 Virtu Financial, Inc 6,063 22,178 Virtus Investment Partners, Inc 5,223 217,247 e Vontobel Holding AG. 16,581 1,216,029 Voya Financial, Inc 77,388 21,532 VZ Holding AG. 1,779 100,020 Waddell & Reed Financial, Inc (Class A) 2,506 51,885 Warsaw Stock Exchange 601 1,604,490 Waterland Financial Holdings 951 22,459 Wendel 2,787 102,281 e Western Asset Mortgage Capital Corp 326 62,303 Western Securities Co Ltd 84 16,183 Westwood Holdings Group, Inc 234 279,960 WisdomTree Investments, Inc 1,750 39,947 Woori Investment & Securities Co Ltd 413 7,060 *,e World Acceptance Corp 916 981,500 *,g Yixin Group Ltd 336 794,592 Zeder Investments Ltd 142 119,365 Zenkoku Hosho Co Ltd 5,494 112,591 Zheshang Securities Co Ltd 221 2,246,091 *,e Zip Co Ltd 12,713 TOTAL DIVERSIFIED FINANCIALS 6,015,191

ENERGY - 2.8% 1,790 e Adams Resources & Energy, Inc 50 15,320,861 Adaro Energy Tbk 1,242 195,068 * Advantage Oil & Gas Ltd 368 104,350 Aegis Logistics Ltd 427 1,064,123 Aker BP ASA 30,186 23,191 Aldrees Petroleum and Transport Services Co 441 211,002 Ampol Ltd 3,950 396,845 e Antero Midstream Corp 3,584 545,603 * Antero Resources Corp 5,565

VALUE SHARES COMPANY (000) 22,623 * Arch Resources, Inc $ 941 205,501 Archrock, Inc 1,950 97,195 * Ardmore Shipping Corp 441 31,336 *,e Aspen Aerogels, Inc 637 115,949 Baker Hughes Co 2,506 788,300 Bangchak Corp PCL 651 3,221,100 Banpu PCL (Foreign) 1,304 1,777,601 Beach Petroleum Ltd 2,324 111,424 Berry Petroleum Co LLC 614 2,406,538 Bharat Petroleum Corp Ltd 14,139 276,515 e Birchcliff Energy Ltd 574 31,761 * Bonanza Creek Energy, Inc 1,135 16,446,020 BP plc 66,803 790,467 BP plc (ADR) 19,248 69,563 Brigham Minerals, Inc 1,018 4,650,000 *,†,e Brightoil Petroleum Holdings Ltd 673 12,271 * Bristow Group, Inc 318 177,555 g BW LPG Ltd 1,219 93,612 BW Offshore Ltd 387 316,123 Cabot Oil & Gas Corp 5,937 135,421 Cactus, Inc 4,147 612,894 Cairn Energy plc 1,439 397,655 Cameco Corp (Toronto) 6,594 150,502 Canacol Energy Ltd 431 1,472,882 e Canadian Natural Resources Ltd (Canada) 45,533 1,260,814 Cenovus Energy, Inc (Toronto) 9,471 680,773 * CGG S.A. 816 522,116 * ChampionX Corp 11,346 603,716 *,e Cheniere Energy, Inc 43,474 183,153 * Chesapeake Energy Corp 7,947 4,462,919 Chevron Corp 467,669 300,803 China Aviation Oil Singapore Corp Ltd 253 543,878 China Merchants Energy Shipping Co Ltd 434 1,743,122 China Oilfield Services Ltd 1,802 384,076 China Shenhua Energy Co Ltd 1,181 3,077,955 China Shenhua Energy Co Ltd (Hong Kong) 6,364 1,364,000 China Suntien Green Energy Cor 524 609,154 Cimarex Energy Co 36,178 371,907 * Clean Energy Fuels Corp 5,110 388,059 * CNX Resources Corp 5,705 515,430 Coal India Ltd 922 118 *,†,b Cobalt International Energy, Inc 0^ 83,421 e Computer Modelling Group Ltd 382 38,744 *,e Comstock Resources Inc 215 2,760,506 ConocoPhillips 146,224 47,073 * CONSOL Energy, Inc 458 137,976 *,e Contango Oil & Gas Co 538 27,379 *,e Continental Resources, Inc 708 1,741,077 * Cooper Energy Ltd 358 168,476 Cosan SA Industria e Comercio 2,736 367,293 COSCO SHIPPING Energy Transportation Co Ltd 373 53,658 Cosmo Energy Holdings Co Ltd 1,281 1,535,651 e Crescent Point Energy Corp 6,403 23,039 CropEnergies AG. 323

VALUE SHARES COMPANY (000) 20,507 * Delek Group Ltd $ 1,033 146,966 Delek US Holdings, Inc 3,201 2,986,840 Devon Energy Corp 65,263 188,332 e DHT Holdings, Inc 1,117 3,616,212 Dialog Group BHD 2,714 46,391 * Diamond S Shipping Inc 465 1,551,882 Diamondback Energy, Inc 114,048 772,537 Diversified Gas & Oil plc 1,182 16,680 *,e DMC Global, Inc 905 610,659 * DNO International ASA 669 51,833 *,e Dorian LPG Ltd 681 20,224 * Drilling Co of 1972 802 52,308 * Dril-Quip, Inc 1,738 20,424 * Earthstone Energy, Inc 146 4,932,889 Ecopetrol S.A. 3,187 319,984 Empresas COPEC S.A. 3,953 57,553 Enauta Participacoes S.A. 162 2,076,867 Enbridge, Inc (Toronto) 75,658 3,856,668 ENEOS Holdings, Inc 17,497 148,963 Enerflex Ltd 961 95,370 * Energean plc 1,117 1,168,600 *,† Energy Earth PCL 0^ 94,143 *,e Energy Fuels, Inc 535 1 Energy Transfer LP 0^ 261,313 e Enerplus Corp 1,312 1,855,520 ENI S.p.A. 22,864 1,659,004 EOG Resources, Inc 120,328 1,190,315 * EQT Corp 22,116 2,375,050 Equinor ASA 46,360 24,531 * Equital Ltd 596 156,303 Equitrans Midstream Corp 1,275 826,300 * Esso Thailand PCL (Foreign) 221 179,803 e Euronav NV 1,646 92,914 e Evolution Petroleum Corp 314 47,105 * Exterran Corp 158 106,897 Exxaro Resources Ltd 1,259 5,822,330 Exxon Mobil Corp 325,061 69,660 Falcon Minerals Corp 313 33,740 e FLEX LNG Ltd 293 1,053,269 Formosa Petrochemical Corp 3,584 245,908 *,e Frank’s International NV 873 109,217 e Freehold Royalty Trust 630 185,230 e Frontline Ltd 1,324 101,425 e Frontline Ltd (Sigmax MTF) 744 91,468 * Fugro NV (ADR) 957 34,229 Galp Energia SGPS S.A. 397 42,775 Gazprom (ADR) 256 4,124,618 Gazprom OAO (ADR) 24,567 22,319 Gaztransport Et Technigaz S.A. 1,778 152,477 e Gibson Energy, Inc 2,702 151,137 * Golar LNG Ltd 1,546 6,526 *,e Goodrich Petroleum Corp 62 78,215 Great Eastern Shipping Co Ltd 335 180,938 *,e Green Plains Inc 4,898

VALUE SHARES COMPANY (000) 636,386 * Guanghui Energy Co Ltd $ 302 715,010 * Gulf International Services QSC 294 61,790 Hafnia Ltd 126 1,254,634 Halliburton Co 26,924 486 Hankook Shell Oil Co Ltd 108 213,961 * Helix Energy Solutions Group, Inc 1,081 47,057 Hellenic Petroleum S.A. 326 17,907 Helmerich & Payne, Inc 483 720,706 Hess Corp 50,997 297,865 Hindustan Petroleum Corp Ltd 958 57,990 HollyFrontier Corp 2,075 305,910 Hunting plc 1,080 106,449 Idemitsu Kosan Co Ltd 2,748 205,101 e Imperial Oil Ltd 4,968 826,557 Indian Oil Corp Ltd 1,041 326,100 Indo Tambangraya Megah Tbk PT 257 851,300 Inner Mongolia Yitai Coal Co 467 972,334 Inpex Holdings, Inc 6,649 392,288 e Inter Pipeline Ltd 5,610 42,322 International Seaways, Inc 820 8,432,486 IRPC PCL (Foreign) 1,004 77,850 Itochu Enex Co Ltd 769 48,022 Iwatani International Corp 2,968 36,477 Japan Petroleum Exploration Co 678 704,483 John Wood Group plc 2,627 240,282 e Keyera Corp 4,994 1,445,564 Kinder Morgan, Inc 24,069 58,939 Koninklijke Vopak NV 2,933 649,064 * Kosmos Energy Ltd 1,993 194,891 *,e Liberty Oilfield Services, Inc 2,200 277,835 e LUKOIL PJSC (ADR) 22,446 779,263 e Lundin Petroleum AB 24,510 87,826 *,e Magnolia Oil & Gas Corp 1,008 2,241,932 Marathon Oil Corp 23,944 1,810,819 Marathon Petroleum Corp 96,861 18,860 Mari Petroleum Co Ltd 189 167,951 Matador Resources Co 3,938 968,530 * MEG Energy Corp 5,025 31,800 e Mitsuuroko Co Ltd 391 13,830 Modec, Inc 284 185,249 * MOL Hungarian Oil & Gas plc 1,341 50,755 Motor Oil Hellas Corinth Refineries S.A. 801 24,023 e Murphy Oil Corp 394 11,270 *,e Nabors Industries Ltd 1,053 8,847 e Nacco Industries, Inc (Class A) 221 18,777 * Naphtha Israel Petroleum Corp Ltd 87 31,138 *,e National Energy Services Reunited Corp 385 740,160 Neste Oil Oyj 39,307 467,609 New Hope Corp Ltd 506 150,996 * Newpark Resources, Inc 474 354,655 *,e NexGen Energy Ltd 1,278 42,711 *,e NextDecade Corp 114 705,510 * NexTier Oilfield Solutions, Inc 2,625 230,814 e Nordic American Tankers Ltd 750

VALUE SHARES COMPANY (000) 1,261,445 Occidental Petroleum Corp $ 33,580 34,498 Ocean Yield ASA 119 357,878 * Oceaneering International, Inc 4,087 472,627 Offshore Oil Engineering Co Ltd 327 536,837 Oil & Gas Development Co Ltd 358 158,066 Oil India Ltd 266 1,983,750 * Oil Refineries Ltd 461 1,664,420 Oil Search Ltd 5,204 94,521 *,e Oil States International, Inc 570 10,026 OMV AG. 508 624,556 ONEOK, Inc 31,640 1,567,602 Origin Energy Ltd 5,616 128,349 *,e Overseas Shipholding Group, Inc 264 563,906 Ovintiv, Inc 13,432 76,455 Pakistan Oilfields Ltd 191 424,671 Pakistan Petroleum Ltd 243 149,832 Pakistan State Oil Co Ltd 227 61,302 * Par Pacific Holdings, Inc 866 158,101 * Parex Resources, Inc 2,819 537,622 e Parkland Corp 16,154 83,083 Pason Systems, Inc 587 583,123 Patterson-UTI Energy, Inc 4,158 10,184 Paz Oil Co Ltd 935 152,547 * PBF Energy, Inc 2,159 217,939 * PDC Energy, Inc 7,497 41,915 * Peabody Energy Corp 128 501,509 e Pembina Pipeline Income Fund 14,486 24,424 *,e Penn Virginia Corp 327 93,781 * Petro Rio S.A. 1,538 274,904 e Petrofac Ltd 362 3,258,295 Petroleo Brasileiro S.A. 13,858 4,166,627 Petroleo Brasileiro S.A. (Preference) 17,840 2,131,100 * Petron 134 309,180 Petronas Dagangan BHD 1,497 322,031 Petronet LNG Ltd 991 171,443 e Peyto Exploration & Development Corp 727 550,723 Phillips 66 44,906 1,302,354 Pioneer Natural Resources Co 206,840 121,830 Polski Koncern Naftowy Orlen S.A. 1,954 742,761 Polskie Gornictwo Naftowe i Gazownictwo S.A. 1,129 100,100 *,† Poseidon Concepts Corp 1 209,407 e PrairieSky Royalty Ltd 2,258 750,500 Prima Marine PCL 195 470 *,e PrimeEnergy Corp 25 130,215 * ProPetro Holding Corp 1,388 1,350,972 PT AKR Corporindo Tbk 300 6,454,192 * PT Medco Energi Internasional Tbk 254 11,882,528 PT Tambang Batubara Bukit Asam Tbk 2,150 10,084,006 PT United Tractors Tbk 15,363 1,329,648 PTT Exploration & Production PCL (Foreign) 4,854 8,922,100 PTT PCL (ADR) 11,723 10,026,909 PTT PCL (Foreign) 13,175 211,564 Qatar Fuel QSC 996 2,424,354 Qatar Gas Transport Co Ltd 2,105

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 110,813 * Rabigh Refining & Petrochemical Co 500 333,308 * Range Resources Corp 3,443

VALUE SHARES COMPANY (000) 7,230,830 Reliance Industries Ltd $ 198,820 84,667 * Renewable Energy Group, Inc 5,591 531,151 Repsol YPF S.A. 6,593 9,126 * Rex American Resources Corp 768 549,302 * Rosneft Oil Co PJSC (GDR) 4,154 4,072,718 Royal Dutch Shell plc (A Shares) 79,169 5,915,387 Royal Dutch Shell plc (B Shares) 108,887 73,377 * RPC, Inc 396 623,302 e Saipem S.p.A 1,698 52,052 San-Ai Oil Co Ltd 619 1,843,513 Santos Ltd 9,978 15,041,000 * Sapurakencana Petroleum BHD 526 642,251 e Saras S.p.A. 435 2,030,094 g Saudi Arabian Oil Co 19,487 154,548 e SBM Offshore NV 2,827 2,386,856 Schlumberger Ltd 64,899 12,695 e Schoeller-Bleckmann Oilfield Equipment AG. 569 86,943 e Scorpio Tankers, Inc 1,605 101,484 * Select Energy Services, Inc 505 823,100 * Semirara Mining & Power Corp 230 1,068,151 Serba Dinamik Holdings BHD 438 196,923 e Serica Energy plc 306 50 *,† Serval Integrated Energy Services 0 535,069 * Seven Generations Energy Ltd 3,619 151,650 SFL Corp Ltd 1,216 561,338 Shaanxi Coal Industry Co Ltd 951 487,386 Shanxi Lu’an Environmental Energy Development Co Ltd 457 373,329 * Shanxi Meijin Energy Co Ltd 410 612,500 Shanxi Xishan Coal & Electricity Power Co Ltd 469 556,072 Siamgas & Petrochemicals PCL 205 6,800 Sinanen Co Ltd 187 812,000 Sinopec Kantons Holdings Ltd 311 50,134 SK Chemicals Co Ltd 2,709 2,266 SK Gas Co Ltd 214 48,594 * SK Innovation Co Ltd 9,466 509,659 SM Energy Co 8,343 42,066 * S-Oil Corp 3,032 44,695 Solaris Oilfield Infrastructure, Inc 548 1,164,281 * Southwestern Energy Co 5,414 1,334,620 * Star Petroleum Refining PCL 384 223,977 * Subsea 7 S.A. 2,250 1,716,068 Suncor Energy, Inc 35,873 674,881 Surgutneftegaz (ADR) (London) 3,054 22,055 * Talos Energy, Inc 266 419,118 Targa Resources Investments, Inc 13,307 215,578 Tatneft PJSC (ADR) 10,096 851,577 e TC Energy Corp 39,038 91,876 * Technip Energies NV 1,395 35,489 *,e Tecnicas Reunidas S.A. 520 233,245 *,e Tellurian, Inc 546 32,189 Tenaris S.A. 364 121,320 TGS Nopec Geophysical Co ASA 1,928 1,078,660 Thai Oil PCL (Foreign) 2,104 67,662 *,e Tidewater, Inc 848

VALUE SHARES COMPANY (000) 2,495,401 e Total S.A. $ 116,335 334,695 Tourmaline Oil Corp 6,371 420,504 *,e Transocean Ltd (NYSE) 1,493 52,311 *,e Transportadora de Gas del Sur S.A. (ADR) (Class B) 253 1,583,315 *,e Tullow Oil plc 1,029 53,614 * Turkiye Petrol Rafinerileri AS 584 630,561 Ultrapar Participacoes S.A. 2,376 394,499 *,e Uranium Energy Corp 1,128 113,144 * US Silica Holdings, Inc 1,391 1,049,482 Valero Energy Corp 75,143 2,576,862 * Velesto Energy Bhd 105 24,056 Verbio AG. 1,036 341,900 *,e Vermilion Energy, Inc 2,484 893,373 g Viva Energy Group Ltd 1,145 155,943 *,e W&T Offshore, Inc 560 92,495 Washington H Soul Pattinson & Co Ltd 2,227 803 * Weatherford International Ltd 10 1,009,621 e Whitecap Resources, Inc 4,435 925,530 * Whitehaven Coal Ltd 1,247 1,831,876 Williams Cos, Inc 43,397 816,948 Woodside Petroleum Ltd 14,932 153,186 World Fuel Services Corp 5,392 349,840 Worley Ltd 2,802 69,633 Yantai Jereh Oilfield Services Group Co Ltd 373 1,619,540 Yanzhou Coal Mining Co Ltd 1,921 296,069 Yanzhou Coal Mining Co Ltd (Class A) 598 462,400 Yinson Holdings BHD 602 214,566 *,e YPF S.A. (ADR) (Class D) 882 548,380 * Z Energy Ltd 1,085 TOTAL ENERGY 3,732,900

FOOD & STAPLES RETAILING - 1.4% 46,073 *,e 111, Inc (ADR) 636 37,734 Abdullah Al Othaim Markets Co 1,272 453,263 Aeon Co Ltd 13,539 24,100 e Aeon Hokkaido Corp 264 25,683 Ain Pharmaciez Inc 1,661 118,930 Al Meera Consumer Goods Co 640 36,054 e Albertsons Cos, Inc 688 1,218,797 Alimentation Couche Tard, Inc 39,298 133,386 Andersons, Inc 3,652 43,479 Arcs Co Ltd 941 332,195 Atacadao Distribuicao Comercio e Industria Ltd 1,370 203,382 *,g Avenue Supermarts Ltd 7,968 244,192 e Axfood AB 5,837 16,155 Axial Retailing, Inc 704 11,200 Belc Co Ltd 625 1,101,412 Berli Jucker PCL 1,386 85,557 BGF retail Co Ltd 11,974 133,318 * Bid Corp Ltd 2,584 186,437 BIM Birlesik Magazalar AS 1,597 750,136 * BJ’s Wholesale Club Holdings, Inc 33,651 797,845 Carrefour S.A. 14,445 6,513 Casey’s General Stores, Inc 1,408

VALUE SHARES COMPANY (000) 1,335,646 Cencosud S.A. $ 2,855 48,248 * Chefs’ Warehouse Holdings, Inc 1,470 7,672,964 Cia Brasileira de Distribuicao 45,231 97,205 Clicks Group Ltd 1,583 20,060 e Cocokara Fine Holdings, Inc 1,545 1,119,258 Coles Group Ltd 13,649 3,697 Colruyt S.A. 220 1,382,763 Cosco Capital, Inc 147 17,000 Cosmos Pharmaceutical Corp 2,652 984,820 Costco Wholesale Corp 347,129 5,006,116 CP ALL plc 11,084 28,800 Create SD Holdings Co Ltd 938 5,118 Daikokutenbussaan Co Ltd 337 695,800 Dairy Farm International Holdings Ltd 3,002 16,730 DaShenLin Pharmaceutical Group Co Ltd 214 274,861 *,g Dino Polska S.A. 18,120 223,034 *,g Dis-Chem Pharmacies Ltd 347 6,465,416 * Distribuidora Internacional de Alimentacion S.A. 911 22,775 Dongsuh Co, Inc 644 36,785 E-Mart Co Ltd 5,592 276,219 Empire Co Ltd 8,612 60,976 * Eurocash S.A. 221 3,484,500 * Focus Dynamics Group Bhd 500 11,900 G-7 Holdings, Inc 284 8,600 Genky DrugStores Co Ltd 297 85,325 George Weston Ltd 7,555 230,438 GrainCorp Ltd-A 922 749,954 *,e Grocery Outlet Holding Corp 27,666 642,287 Grupo Comercial Chedraui S.a. DE C.V. 1,014 10,920 GS Retail Co Ltd 369 9,000 Halows Co Ltd 237 32,958 Heiwado Co Ltd 670 56,848 *,e HF Foods Group Inc 410 31,816 Hyundai Greenfood Co Ltd 297 6,863 ICA Gruppen AB 336 20,300 e Inageya Co Ltd 304 22,732 Ingles Markets, Inc (Class A) 1,401 5,570 Itochu-Shokuhin Co Ltd 276 121,143 J Sainsbury plc 405 687,306 Jeronimo Martins SGPS S.A. 11,566 12,000 JM Holdings Co Ltd 247 4,900 e Kansai Super Market Ltd 50 24,623 Kato Sangyo Co Ltd 795 463,132 Kesko Oyj (B Shares) 14,164 54,700 e Kobe Bussan Co Ltd 1,467 900,679 Koninklijke Ahold Delhaize NV 25,123 207,095 Kroger Co 7,453 15,834 Kusuri no Aoki Holdings Co Ltd 1,213 364,581 La Comer SAB de C.V. 732 11,655 Laobaixing Pharmacy Chain JSC 122 2,331 Lawson, Inc 114 15,596 Life Corp 476 164,966 Loblaw Cos Ltd 9,215 3,405 * M Yochananof & Sons Ltd 186

VALUE SHARES COMPANY (000) 248,670 *,e Massmart Holdings Ltd $ 927 78,894 Matsumotokiyoshi Holdings Co Ltd 3,520 12,400 Maxvalu Tokai Co Ltd 291 1,063,087 Metcash Ltd 2,983 132,829 Metro Wholesale & Food Specialist AG. 1,403 228,178 Metro, Inc 10,409 154,824 * Migros Ticaret AS 657 4,300 Ministop Co Ltd 57 13,548 Natural Grocers by Vitamin C 238 8,500 Nihon Chouzai Co Ltd 137 51,096 e North West Co, Inc 1,484 14,662 Okuwa Co Ltd 161 1,171,565 * Performance Food Group Co 67,494 264,226 Pick’n Pay Stores Ltd 962 227,717 President Chain Store Corp 2,178 34,434 Pricesmart, Inc 3,332 528,089 Puregold Price Club, Inc 428 23,900 Qol Holdings Co Ltd 337 900,635 Raia Drogasil S.A. 4,010 9,292 Rami Levi Chain Stores Hashikma Marketing Ltd 604 23,712 Retail Partners Co Ltd 298 199,690 *,e Rite Aid Corp 4,086 469,600 Robinsons Retail Holdings, Inc 554 19,741 Ryoshoku Ltd 553 16,100 San-A Co Ltd 671 8,052,664 * Sendas Distribuidora S.A. 105,640 665,663 Seven & I Holdings Co Ltd 26,880 2,045,710 Sheng Siong Group Ltd 2,344 11,411 Shoei Foods Corp 469 198,428 e Shoprite Holdings Ltd 2,111 272,058 Shufersal Ltd 2,238 28,498 * Sligro Food Group NV 761 2,107,041 SMU S.A. 345 2,279,443 * Sok Marketler Ticaret AS. 3,248 848,394 Sonae SPGS S.A. 773 75,746 Spar Group Ltd 974 150,813 SpartanNash Co 2,960 42,857 * Sprouts Farmers Market, Inc 1,141 35,096 Sugi Pharmacy Co Ltd 2,785 826,000 e Sun Art Retail Group Ltd 678 121,964 Sundrug Co Ltd 4,468 488,469 e SYSCO Corp 38,462 17,606,149 Tesco plc 55,587 32,667 Tsuruha Holdings, Inc 4,215 246,322 * United Natural Foods, Inc 8,114 46,250 United Super Markets Holdings, Inc 488 298,932 * US Foods Holding Corp 11,395 37,894 Valor Co Ltd 853 15,190 Village Super Market (Class A) 358 788,911 Walgreens Boots Alliance, Inc 43,311 26,103,636 e Wal-Mart de Mexico SAB de C.V. 82,336 3,349,104 Walmart, Inc 454,909 15,712 Weis Markets, Inc 888 78,760 Welcia Holdings Co Ltd 2,702

VALUE SHARES COMPANY (000) 48,262 X5 Retail Group NV (GDR) $ 1,556 7,300 YAKUODO Holdings Co Ltd 184 18,000 e Yaoko Co Ltd 1,107 12,507 Yifeng Pharmacy Chain Co Ltd 170 49,900 Yokohama Reito Co Ltd 412 163,353 Yonghui Superstores Co Ltd 170 89,542 *,e Zur Rose Group AG. 33,739 TOTAL FOOD & STAPLES RETAILING 1,788,682

FOOD, BEVERAGE & TOBACCO - 3.1% 627,161 * a2 Milk Co Ltd 3,786 287,085 AAK AB 6,500 113,281 * Adecoagro S.A. 890 107,730 * AG. Barr plc 727 13,236 Agrana Beteiligungs AG. 272 776,663 Ajinomoto Co, Inc 15,921 6,992 Alico, Inc 209 102,536 Almarai Co JSC 1,422 1,574,668 Altria Group, Inc 80,560 4,141,709 AMBEV S.A. 11,251 9,112,488 Anadolu Efes Biracilik Ve Malt Sanayii AS 23,294 20,111 Angel Yeast Co Ltd 170 690,871 Anheuser-Busch InBev S.A. 43,430 46,168 Anhui Gujing Distillery Co Ltd 649 8,114 Anhui Gujing Distillery Co Ltd (Class A) 261 20,017 Anhui Kouzi Distillery Co Ltd 190 822,695 Archer-Daniels-Midland Co 46,894 18,072 Ariake Japan Co Ltd 1,097 1,120,054 * Aryzta AG. 1,238 120,615 Asahi Breweries Ltd 5,106 45,553 * Aseer Trading Tourism & Manufacturing Co 297 522,364 * Associated British Foods plc 17,355 27,892 Astral Foods Ltd 277 3,404,252 Ausnutria Dairy Corp Ltd 4,467 95,535 Austevoll Seafood ASA 1,160 342,827 * Australian Agricultural Co Ltd 312 40,514 Avanti Feeds Ltd 230 240,140 AVI Ltd 1,214 52,826 e B&G Foods, Inc (Class A) 1,641 52,154 e Bakkafrost P 4,143 165,384 g Bakkavor Group plc 269 735,972 Baladna 327 85,126 * Balrampur Chini Mills Ltd 250 2,529 Barry Callebaut AG. 5,726 416,229 Becle SAB de C.V. 952 317,584 e Bega Cheese Ltd 1,533 124,001 Beijing Dabeinong Technology Group Co Ltd 160 18,700 Beijing Shunxin Agriculture Co Ltd 134 41,869 Beijing Yanjing Brewery Co Ltd 47 2,368 Bell AG. 709 81,343 *,e Beyond Meat, Inc 10,584 3,885 Binggrae Co Ltd 206 12,894 Bombay Burmah Trading Co 196 18,384 Bonduelle S.C.A. 461

VALUE SHARES COMPANY (000) 1,494 * Bridgford Foods Corp $ 23 156,300 Britannia Industries Ltd 7,772 101,800 British American Tobacco Malaysia BHD 322 2,032,730 British American Tobacco plc 77,265 279,040 Britvic plc 3,213 14,529 e Brown-Forman Corp (Class A) 925 60,867 e Brown-Forman Corp (Class B) 4,198 2,760,229 g Budweiser Brewing Co APAC Ltd 8,262 412,900 e Bumitama Agri Ltd 148 808,559 Bunge Ltd 64,094 300,737 * C&C Group plc 1,162 22,122 Calavo Growers, Inc 1,718 15,204 Calbee, Inc 388 58,933 * Cal-Maine Foods, Inc 2,264 91,367 Camil Alimentos S.A. 166 47,702 Campbell Soup Co 2,398 152,871 Carlsberg AS (Class B) 23,444 115,700 Carlsberg Brewery-Malay BHD 666 46,998 CCL Products India Ltd 150 132,408 *,e Celsius Holdings, Inc 6,362 14,566 Chacha Food Co Ltd 109 115,279 Charoen Pokphand Enterprise 309 1,483,231 Charoen Pokphand Foods PCL 1,400 457,021 g China Feihe Ltd 1,298 4,375,889 *,†,e China Huishan Dairy Holdings Co Ltd 6 370,000 *,† China Huiyuan Juice Group Ltd 0^ 2,536,227 China Mengniu Dairy Co Ltd 14,611 2,223,000 *,e China Modern Dairy Holdings 534 1,941,392 China Resources Beer Holdings Company Ltd 15,302 9,027 Chongqing Brewery Co Ltd 154 23,304 Chongqing Fuling Zhacai Group Co Ltd 150 22,307 Chubu Shiryo Co Ltd 290 133,140 Cia Cervecerias Unidas S.A. 1,168 3,185 CJ CheilJedang Corp 1,159 190,705 Cloetta AB 558 425,938 Coca-Cola Amatil Ltd 4,356 6,843,433 Coca-Cola Co 360,717 7,201 Coca-Cola Consolidated Inc 2,080 220,517 Coca-Cola European Partners plc (Class A) 11,502 493,598 Coca-Cola Femsa SAB de C.V. 2,280 456,877 Coca-Cola HBC AG. 14,522 122,274 Coca-Cola Icecek AS 1,020 77,350 Coca-Cola West Japan Co Ltd 1,350 11,628,825 Cofco International Ltd 4,931 1,782,000 e COFCO Meat Holdings Ltd 922 620,462 ConAgra Brands, Inc 23,329 362,670 Constellation Brands, Inc (Class A) 82,689 12,587 Corby Spirit and Wine Ltd 176 375,743 Costa Group Holdings Ltd 1,356 54,804 Cranswick plc 2,747 15,163 Daesang Corp 337 837,820 g Dali Foods Group Co Ltd 476 665,764 Danone 45,570 851,272 * Darling International, Inc 62,637

VALUE SHARES COMPANY (000) 878 Dongwon F&B Co Ltd $ 150 956 Dongwon Industries Co Ltd 217 10,200 Dydo Drinco, Inc 491 380,678 Eastern Tobacco 277 71,786 Ebro Puleva S.A. 1,480 368,471 Embotelladora Andina S.A. 977 371,726 Embotelladoras Arca SAB de C.V. 1,834 3,219 Emmi AG. 3,253 46,415 Ezaki Glico Co Ltd 1,863 32,752 * Farmer Bros Co 342 24,307 Feed One Co Ltd 201 1,121,363 Fevertree Drinks plc 33,082 495,300 First Resources Ltd 513 32,900 e Flowers Foods, Inc 783 1,702,583 e Fomento Economico Mexicano S.A. de C.V. 12,836 630,245 Fomento Economico Mexicano SAB de C.V. (ADR) 47,476 28,461 ForFarmers NV 196 61,978 Foshan Haitian Flavouring & Food Co Ltd 1,517 44,293 Fraser & Neave Holdings BHD 321 74,371 *,e Freedom Foods Group Ltd 27 49,056 Fresh Del Monte Produce, Inc 1,404 181,796 * Freshpet, Inc 28,871 5,545 Fu Jian Anjoy Foods Co Ltd 177 52,427 e Fuji Oil Co Ltd 1,397 35,900 Fujian Sunner Development Co Ltd 142 17,432 Fujicco Co Ltd 307 11,782 Fujiya Co Ltd 242 142,443 Futuris Corp Ltd 1,348 456,227 General Mills, Inc 27,976 104,936 Genting Plantations BHD 231 402,000 GFPT PCL (Foreign) 156 211,243 Glanbia plc 3,135 9,104 * Godfrey Phillips India Ltd 114 6,816,325 Golden Agri-Resources Ltd 1,068 443,107 Great Wall Enterprise Co 848 565,079 * Greencore Group plc 1,221 56,323 *,e Grieg Seafood ASA 558 189,011 Gruma SAB de C.V. 2,232 1,328,941 Grupo Bimbo S.A. de C.V. (Series A) 2,789 148,456 e Grupo Herdez SAB de C.V. 321 273,200 Guan Chong Bhd 207 35,345 Guangdong Haid Group Co Ltd 422 114,086 * Hain Celestial Group, Inc 4,974 8,325 Halwani Brothers Co 251 25,357 Harim Holdings Co Ltd 208 213,814 Health & Happiness H&H International Holdings Ltd 813 48,747 Heilongjiang Agriculture Co Ltd 117 97,267 * Heineken Holding NV 8,643 421,761 * Heineken NV 43,297 71,823 Henan Shuanghui Investment & Development Co Ltd 451 367,916 Hershey Co 58,190 24,529 Hite Jinro Co Ltd 801 20,400 Hokuto Corp 385 38,302 Hormel Foods Corp 1,830

VALUE SHARES COMPANY (000) 60,762 House Foods Corp $ 1,998 392,000 Ichitan Group PCL 177 798,971 Imperial Tobacco Group plc 16,380 854,009 Indofood CBP Sukses Makmur Tbk 541 317,307 e Inghams Group Ltd 806 11,757 Ingredion, Inc 1,057 143,453 Inner Mongolia Yili Industrial Group Co Ltd 881 9,135,000 *,† Inti Agri Resources Tbk PT 0^ 917,606 IOI Corp BHD 927 2,107,250 ITC Ltd 6,306 23,629 Ito En Ltd 1,449 156,400 Itoham Yonekyu Holdings, Inc 1,032 20,081 J&J Snack Foods Corp 3,153 15,401 J.M. Smucker Co 1,949 282,130 Japan Tobacco, Inc 5,420 8,664,654 Japfa Comfeed Indonesia Tbk PT 1,149 913,642 Japfa Ltd 622 961,182 JBS S.A. 5,171 63,265 * JDE Peet’s BV 2,319 29,226 Jiangsu King’s Luck Brewery JSC Ltd 220 34,681 Jiangsu Yanghe Brewery Joint-Stock Co Ltd 876 91,406 Jiangxi Zhengbang Technology Co Ltd 212 8,462 JiuGui Liquor Co Ltd 197 33,713 John B. Sanfilippo & Son, Inc 3,047 15,346 J-Oil Mills, Inc 276 19,264 Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd 143 56,960 * Jubilant Ingrevia Ltd 202 15,601 Juewei Food Co Ltd 184 362,610 Juhayna Food Industries 131 83,046 Kagome Co Ltd 2,638 10,900 Kameda Seika Co Ltd 475 37,379 Kaveri Seed Co Ltd 263 221,419 Kellogg Co 14,016 141,917 Kerry Group plc (Class A) 17,724 2,951,585 Keurig Dr Pepper, Inc 101,446 106,497 Kewpie Corp 2,422 13,500 * KEY Coffee, Inc 259 1,182,200 * Khon Kaen Sugar Industry PCL 125 113,575 e Kikkoman Corp 6,773 429,953 Kirin Brewery Co Ltd 8,250 18,780 e Kotobuki Spirits Co Ltd 1,222 550,952 Kraft Heinz Co 22,038 38,108 * KRBL Ltd 94 46,684 KT&G Corp 3,363 168,335 Kuala Lumpur Kepong BHD 934 85,190 Kweichow Moutai Co Ltd 26,200 11,919 KWS Saat AG. 1,032 12,157 La Doria S.p.A 257 4,071 *,e Laird Superfood, Inc 153 95,688 Lamb Weston Holdings, Inc 7,414 20,929 Lancaster Colony Corp 3,670 54,291 * Landec Corp 575 3,306 Lassonde Industries, Inc 452 1,069,300 Leong Hup International BHD 178

VALUE SHARES COMPANY (000) 584,369 Lien Hwa Industrial Corp $ 971 21,824 e Limoneira Co 382 869 Lindt & Spruengli AG. 7,570 86 Lindt & Spruengli AG. (Registered) 7,858 2,934 Lotte Chilsung Beverage Co Ltd 355 1,264 Lotte Confectionery Co Ltd 149 283 Lotte Samkang Co Ltd 95 34,623 Luzhou Laojiao Co Ltd 1,196 529,839 M Dias Branco S.A. 2,890 2,709 Maeil Dairies Co Ltd 174 84,140 e Maple Leaf Foods, Inc 1,918 301,299 * Marfrig Global Foods S.A. 943 19,300 Marudai Food Co Ltd 299 42,400 Maruha Nichiro Corp 1,005 65,463 McCormick & Co, Inc 5,837 45,587 Megmilk Snow Brand Co Ltd 925 82,922 e MEIJI Holdings Co Ltd 5,332 19,896 MGP Ingredients, Inc 1,177 222,928 Minerva S.A. 404 115,871 * Mission Produce, Inc 2,203 9,400 Mitsui Sugar Co Ltd 167 236,638 * Molson Coors Brewing Co (Class B) 12,104 6,006,909 Mondelez International, Inc 351,584 2,748,183 * Monster Beverage Corp 250,332 37,879 Morinaga & Co Ltd 1,355 37,113 Morinaga Milk Industry Co Ltd 1,949 367,667 Mowi ASA 9,132 86,080 Muyuan Foodstuff Co Ltd 1,320 12,113 Nagatanien Co Ltd 256 123,000 Namchow Chemical Industrial Ltd 205 40,159 * National Agriculture Development Co 337 17,072 e National Beverage Corp 835 36,087 * Naturecell Co Ltd 319 25,074 Nestle India Ltd 5,897 27,514 Nestle Malaysia BHD 896 3,458,405 Nestle S.A. 385,531 100,105 New Hope Liuhe Co Ltd 306 110,532 * NewAge, Inc 316 115,992 Nichirei Corp 2,981 44,397 Nippon Flour Mills Co Ltd 665 47,732 Nippon Meat Packers, Inc 2,048 280,159 Nippon Suisan Kaisha Ltd 1,347 22,422 Nisshin Oillio Group Ltd 661 161,978 Nisshin Seifun Group, Inc 2,707 39,478 Nissin Food Products Co Ltd 2,927 361,568 e Nissin Foods Co Ltd 276 2,285 Nong Shim Co Ltd 573 1,264 Nong Shim Holdings Co Ltd 85 300,600 *,e,g Nongfu Spring Co Ltd 1,515 14,700 e Norway Royal Salmon ASA 350 61,198 Oceana Group Ltd 274 141,583 * Origin Enterprises plc 648 17,170 Orion Corp 217 9,073 Orion Corp/Republic of Korea 1,052

VALUE SHARES COMPANY (000) 311,217 Osotspa PCL $ 359 480 Ottogi Corp 242 3,250,644 PepsiCo, Inc 459,804 181,608 Pernod-Ricard S.A. 33,993 318 Philip Morris CR 224 3,308,454 Philip Morris International, Inc 293,592 68,522 * Pilgrim’s Pride Corp 1,630 11,060 * Post Holdings, Inc 1,169 254,641 PPB Group BHD 1,136 620,032 * Premier Foods plc 814 38,117 Premium Brands Holdings Corp 3,632 71,538 Prima Meat Packers Ltd 2,259 337,201 Primo Water Corp 5,483 150,371 Primo Water Corp (Toronto) 2,449 386,200 PT Astra Agro Lestari Tbk 267 6,333,518 PT Charoen Pokphand Indonesia Tbk 3,056 201,984 * PT Gudang Garam Tbk 504 1,710,509 PT Indofood Sukses Makmur Tbk 779 2,240,900 PT Perusahaan Perkebunan London Sumatra Indonesia Tbk 198 11,410 Pulmuone Co Ltd 172 15,036 Qianhe Condiment and Food Co Ltd 85 818,700 QL Resources BHD 1,197 414,100 R&B Food Supply PCL 240 48,824 Radico Khaitan Ltd 375 38,531 Remy Cointreau S.A. 7,117 27,800 Riken Vitamin Co Ltd 343 109,413 *,e RLX Technology, Inc (ADR) 1,134 19,325 Rock Field Co Ltd 295 97,224 e Rogers Sugar, Inc 424 14,600 Rokko Butter Co Ltd 223 26,548 Ros Agro plc (ADR) 321 100,645 Royal Unibrew A.S. 10,521 19,994 S Foods, Inc 685 760,570 Saigon Beer Alcohol Beverage Corp 5,943 30,555 Sakata Seed Corp 1,131 57,219 Salmar ASA 3,947 1,661 Samlip General Foods Co Ltd 107 2,113 Samyang Corp 108 2,084 Samyang Foods Co Ltd 164 2,548 Samyang Holdings Corp 211 86,837 Sanderson Farms, Inc 13,527 19,170 Sanquan Food Co Ltd 66 134,607 Sao Martinho S.A. 709 63,486 Sapporo Holdings Ltd 1,317 224,350 Saputo, Inc 6,746 14,687 * Saudi Fisheries Co 212 12,193 Saudia Dairy & Foodstuff Co 539 106,793 Savola Group 1,120 53,509 Scandi Standard AB 388 144,085 *,g Scandinavian Tobacco Group A.S. 2,766 13,107 Schouw & Co 1,371 357 Seaboard Corp 1,317 109,899 Select Harvests Ltd 523 10,585 * Seneca Foods Corp 498

VALUE SHARES COMPANY (000) 20,616 Shanxi Xinghuacun Fen Wine Factory Co Ltd $ 1,054 18,687 e Showa Sangyo Co Ltd 524 15,601 Sichuan Swellfun Co Ltd 171 827,678 Sime Darby Plantation BHD 927 165,916 * Simply Good Foods Co 5,047 75,939 SLC Agricola S.A. 602 490,171 *,g Smoore International Holdings Ltd 3,015 308,000 Standard Foods Corp 634 14,000 e Starzen Co Ltd 307 52,439 Strauss Group Ltd 1,413 71,424 Suedzucker AG. 1,211 76,844 *,e SunOpta, Inc 1,136 33,823 Suntory Beverage & Food Ltd 1,261 423,385 e Swedish Match AB 33,029 89,081 *,e Synlait Milk Ltd 212 165,000 Taisun Enterprise Co Ltd 174 365,000 * Taiwan TEA Corp 223 144,703 e Takara Holdings, Inc 1,972 376,200 Taokaenoi Food & Marketing PCL 121 228,230 e Tassal Group Ltd 580 234,085 Tata Tea Ltd 2,051 475,704 Tate & Lyle plc 5,019 1,404,703 Thai Union Group PCL 662 337,269 Thai Vegetable Oil PCL (Foreign) 343 847,400 Thaifoods Group PCL 147 61,532 Tiger Brands Ltd 878 815,301 Tingyi Cayman Islands Holding Corp 1,499 18,418 Toly Bread Co Ltd 135 98,039 Tongwei Co Ltd 494 14,726 e Tootsie Roll Industries, Inc 488 47,616 Toyo Suisan Kaisha Ltd 1,998 602,435 Treasury Wine Estates Ltd 4,748 9,154 * TreeHouse Foods, Inc 478 377,471 Tsingtao Brewery Co Ltd 3,360 20,393 Tsingtao Brewery Co Ltd (Class A) 264 24,000 Ttet Union Corp 119 9,015 Turning Point Brands, Inc 470 56,382 Tyson Foods, Inc (Class A) 4,189 113,175 * Ulker Biskuvi Sanayi AS 289 544,616 Uni-President China Holdings Ltd 663 2,955,384 Uni-President Enterprises Corp 7,589 278,101 United Malt Grp Ltd 861 119,241 * United Spirits Ltd 910 36,246 Universal Corp 2,138 342,780 Universal Robina 942 75,906 Varun Beverages Ltd 1,043 210,743 Vector Group Ltd 2,940 7,812 Vilmorin & Cie 555 381,291 Vina Concha y Toro S.A. 655 69,489 Viscofan S.A. 4,803 102,153 *,e Vital Farms, Inc 2,231 768,000 e Vitasoy International Holdings Ltd 2,956 2,035,694 Want Want China Holdings Ltd 1,529 212,561 Wei Chuan Food Corp 161

VALUE SHARES COMPANY (000) 1,062,142 Wilmar International Ltd $ 4,290 363,351 Wuliangye Yibin Co Ltd 14,947 102,025 Yakult Honsha Co Ltd 5,162 70,420 e Yamazaki Baking Co Ltd 1,138 431,407 Yihai International Holding Ltd 4,501 61,600 * Yihai Kerry Arawana Holdings Co Ltd 737 37,117 * Yuan Longping High-tech Agriculture Co Ltd 101 447,000 e,g Zhou Hei Ya International Holdings Co Ltd 470 9,651 * Zydus Wellness Ltd 260 TOTAL FOOD, BEVERAGE & TOBACCO 4,053,809

HEALTH CARE EQUIPMENT & SERVICES - 5.2% 235,996 * 1Life Healthcare, Inc 9,223 2,779,370 Abbott Laboratories 333,080 20,615 * Abiomed, Inc 6,571 98,837 *,e Acadia Healthcare Co, Inc 5,648 167,518 * Accelerate Diagnostics, Inc 1,394 31,623 *,e Accolade, Inc 1,435 63,448 * Accuray, Inc 314 9,578 * Acutus Medical, Inc 128 93,419 * AdaptHealth Corp 3,434 15,295 * Addus HomeCare Corp 1,600 190,324 Advanced Medical Solutions Group plc 613 133,397 * AGFA-Gevaert NV 619 837,576 Aier Eye Hospital Group Co Ltd 7,609 171,477 e,g AK Medical Holdings Ltd 219 133,871 * Al Hammadi Co for Development and Investment 1,038 1,176,016 Alcon, Inc 82,527 37,095 Alfresa Holdings Corp 716 5,783,829 * Alibaba Health Information Technology Ltd 16,526 191,223 * Align Technology, Inc 103,553 48,540 Alliar Medicos A Frente S.A. 78 290,534 * Allscripts Healthcare Solutions, Inc 4,362 219,440 * Alphatec Holdings Inc 3,465 72,944 g Ambea AB 605 136,808 e Ambu A.S. 6,425 51,978 * Amedisys, Inc 13,763 90,900 *,e American Well Corp 1,579 174,551 AmerisourceBergen Corp 20,609 49,082 * AMN Healthcare Services, Inc 3,617 250,064 Amplifon S.p.A. 9,305 11,696 Andlauer Healthcare Group, Inc 328

VALUE SHARES COMPANY (000) 76,245 * Angiodynamics, Inc $ 1,784 299,634 Ansell Ltd 8,958 482,026 * Antares Pharma, Inc 1,981 806,747 Anthem, Inc 289,582 76,929 Apollo Hospitals Enterprise Ltd 3,061 18,945 *,e Apollo Medical Holdings, Inc 513 6,801 * Apria, Inc 190 37,101 * Apyx Medical Corp 358 372,896 Arjo AB 2,776 28,507 As One Corp 3,588 175,640 Asahi Intecc Co Ltd 4,848 28,786 * Ascom Holding AG. 443 71,343 *,e Aspira Women’s Health, Inc 482 92,154 *,g Aster DM Healthcare Ltd 174 116,050 * AtriCure, Inc 7,604 1,076 Atrion Corp 690 103,575 *,e,g Attendo AB 588 445,304 Australian Pharmaceutical Industries Ltd 433 2,822 Autobio Diagnostics Co Ltd 47 22,074 *,e Avalon GloboCare Corp 24 74,820 * Avanos Medical, Inc 3,273 36,480 * AxoGen, Inc 739 21,962 *,e Axonics Modulation Technologies, Inc 1,315 18,869 *,e Bactiguard Holding AB 373 1,098,856 Bangkok Chain Hospital PCL 518 3,577,271 Bangkok Dusit Medical Services PCL (Foreign) 2,464 2,842,131 Baxter International, Inc 239,705 78,349 Becton Dickinson & Co 19,051 55,750 *,e Beijing Chunlizhengda Medical Instruments Co Ltd 134 6,073 *,e Bellerophon Therapeutics, Inc 32 16,800 *,e Beyond Air, Inc 92 54,295 *,e,g Biocartis NV 285 1,232 * Biodesix, Inc 25 14,754 * BioLife Solutions Inc 531 53,914 e BioMerieux 6,859 27,401 *,e BioSig Technologies Inc 118 3,469 * Bioventus, Inc 53 23,345 BML, Inc 808 52,538 Boditech Med, Inc 785 5,845,349 * Boston Scientific Corp 225,923 295,862 * Brookdale Senior Living, Inc 1,790 164,738 Bumrungrad Hospital PCL (Foreign) 719 70,150 * Cantel Medical Corp 5,601 385,388 Cardinal Health, Inc 23,412

VALUE SHARES COMPANY (000) 28,368 * Cardiovascular Systems, Inc $ 1,088 202,900 Careplus Group Bhd 62 78,440 Carl Zeiss Meditec AG. 11,824 12,010 * Castle Biosciences, Inc 822 15,169 Cellavision AB 563 28,009 * Celltrion Healthcare Co Ltd 3,381 1,217,511 * Centene Corp 77,811 424,417 Cerner Corp 30,507 48,430 * Certara, Inc 1,322 120,568 * Cerus Corp 725 29,513 * Chabiotech Co Ltd 493 316,765 * Change Healthcare, Inc 7,001 15,519 *,e Chembio Diagnostics, Inc 54 21,008 Chemed Corp 9,660 13,813 China National Accord Medicines Corp Ltd 89 13,892 China National Medicines Corp Ltd 72 672,500 China Resources Phoenix Healthcare Holdings Co Ltd 532 3,667,974 Chularat Hospital PCL 343 1,419,978 Cigna Corp 343,265 870,874 * Cleopatra Hospital 255 356,000 e C-Mer Eye Care Holdings Ltd 253 172,095 Cochlear Ltd 27,682 196,403 *,e Co-Diagnostics, Inc 1,874 50,660 Coloplast AS 7,617 5,413 Coltene Holding AG. 692 373,293 * Community Health Systems, Inc 5,047 25,220 CompuGroup Medical SE & Co KgaA 2,132 21,020 Computer Programs & Systems, Inc 643 73,321 Conmed Corp 9,575 1,558,903 g ConvaTec Group plc 4,214 269,650 Cooper Cos, Inc 103,570 6,500 * Corvel Corp 667 285,032 * Covetrus, Inc 8,542 18,119 Craneware plc 537 108,041 * Cross Country Healthcare, Inc 1,349 31,336 * CryoLife, Inc 708 67,813 *,e CryoPort, Inc 3,527 13,661 * Cutera, Inc 411 68,206 * CVS Group plc 1,763 1,787,462 CVS Health Corp 134,471 106,831 *,e CYBERDYNE, Inc 619 33,393 *,e CytoSorbents Corp 290 23,238 Dallah Healthcare Co 327 1,453,897 Danaher Corp 327,243

VALUE SHARES COMPANY (000) 84,325 * DaVita, Inc $ 9,088 7,389 * Demant A.S. 313 5,075 Dentium Co Ltd 288 312,509 Dentsply Sirona, Inc 19,941 427,010 * DexCom, Inc 153,463 26,226 DiaSorin S.p.A. 4,208 7,634 * DIO Corp 253 21,576 g Dr Lal PathLabs Ltd 800 46,097 Dr Sulaiman Al Habib Medical Services Group Co 1,525 14,558 Draegerwerk AG. 1,171 3,463 Draegerwerk AG. & Co KGaA 263 85,159 *,e Eargo, Inc 4,254 43,003 Eckert & Ziegler Strahlen- und Medizintechnik AG. 3,433 425,006 * Edwards Lifesciences Corp 35,548 29,700 Eiken Chemical Co Ltd 581 12,093 El.En. S.p.A 496 222,138 Elan Corp 2,825 33,190 * Electromed, Inc 350 377,679 e Elekta AB (B Shares) 4,899 37,200 EM Systems Co Ltd 285 58,152 EMIS Group plc 882 154,688 e Encompass Health Corp 12,669 91,603 Ensign Group, Inc 8,596 1,785,244 * Envista Holdings Corp 72,838 84,537 * Enzo Biochem, Inc 291 288,640 * Evolent Health, Inc 5,831 2,936 * Exagen, Inc 51 88,418 e Extendicare, Inc 542 61,251 Fagron NV 1,359 761,094 Fisher & Paykel Healthcare Corp 17,088 34,937 *,e Five Star Senior Living, Inc 214 164,306 Fleury S.A. 747 8,920 * FONAR Corp 161 346,025 * Fortis Healthcare Ltd 945 295,013 Fresenius Medical Care AG. 21,731 134,442 Fresenius SE 5,991 10,657 *,e Fulgent Genetics, Inc 1,030 113,542 g Galenica AG. 7,079 717,675 g Genertec Universal Medical Group Company Limited 590 293,372 * GenMark Diagnostics, Inc 7,012 434,461 Getinge AB (B Shares) 12,066 176,282 Ginko International Co Ltd 1,114 31,581 * Glaukos Corp 2,651 47,330 * Globus Medical, Inc 2,919

VALUE SHARES COMPANY (000) 149,630 GN Store Nord $ 11,777 126,588 *,e GoodRx Holdings, Inc 4,939 19,638 Guangzhou Kingmed Diagnostics Group Co Ltd 382 8,538 Guangzhou Wondfo Biotech Co Ltd 107 611,018 *,e Guardant Health, Inc 93,272 6,455 Guerbet 251 118,269 *,g GVS S.p.A 1,860 19,949 * Haemonetics Corp 2,215 53,385 * Hanger Inc 1,218 415,166 g Hapvida Participacoes e Investimentos S.A. 1,098 685,382 Hartalega Holdings BHD 1,477 672,410 HCA Healthcare, Inc 126,642 530,973 Healius Ltd 1,652 134,447 *,e Health Catalyst, Inc 6,288 82,740 * HealthEquity, Inc 5,626 48,077 * HealthStream, Inc 1,074 155,631 * Henry Schein, Inc 10,776 13,145 * Heska Corp 2,214 53,851 Hill-Rom Holdings, Inc 5,949 60,434 * HLB Life Science CO Ltd 639 21,454 HLS Therapeutics, Inc 333 149,395 * HMS Holdings Corp 5,524 24,400 Hogy Medical Co Ltd 744 622,094 * Hologic, Inc 46,271 515,573 * Hoya Corp 60,681 38,478 Huadong Medicine Co Ltd 218 371,582 Humana, Inc 155,786 314,184 Ibnsina Pharma SAE 88 13,957 *,e iCAD, Inc 296 4,440 * ICU Medical, Inc 912 190,675 * IDEXX Laboratories, Inc 93,299 857,089 IHH Healthcare BHD 1,100 18,194 * Immunovia AB 239 61,614 *,e Inari Medical, Inc 6,593 25,310 * InfuSystem Holdings, Inc 515 17,687 *,e Inmode Ltd 1,280 19,430 * Inogen, Inc 1,020 449,210 *,e Inovalon Holdings, Inc 12,928 29,761 * Inspire Medical Systems, Inc 6,160 42,583 Instituto Hermes Pardini S.A. 156 102,413 * Insulet Corp 26,722 16,056 Intco Medical Technology Co Ltd 396 72,468 * Integer Holding Corp 6,674 11,761 * Integra LifeSciences Holdings Corp 813

VALUE SHARES COMPANY (000) 150,832 Integral Diagnostics Ltd $ 545 164,619 * Intersect ENT, Inc 3,437 14,120 *,e IntriCon Corp 362 130,543 * Intuitive Surgical, Inc 96,463 57,795 Invacare Corp 464 24,065 e Ion Beam Applications 463 12,844 *,e iRadimed Corp 331 30,461 *,e iRhythm Technologies, Inc 4,230 326,000 IVD Medical Holding Ltd 91 29,694 Jafron Biomedical Co Ltd 345 56,900 Japan Lifeline Co Ltd 722 16,200 Japan Medical Dynamic Marketing, Inc 332 37,688 Jeol Ltd 1,501 17,050 Jiangsu Yuyue Medical Equipment & Supply Co Ltd 69 1,149,109 g Jinxin Fertility Group Ltd 2,486 17,500 * JMDC, Inc 825 39,258 *,e Joint Corp 1,899 32,168 * Jointown Pharmaceutical Group Co Ltd 89 1,180,448 Koninklijke Philips Electronics NV 67,315 70,780 Korian-Medica 2,456 497,849 Kossan Rubber Industries 392 1,756,328 KPJ Healthcare BHD 436 123,530 * Laboratory Corp of America Holdings 31,504 244,484 * Lantheus Holdings, Inc 5,225 5,499 Le Noble Age 295 14,403 LeMaitre Vascular, Inc 703 14,534 * LENSAR, Inc 106 23,113 Lepu Medical Technology Beijing Co Ltd 104 41,097 * LHC Group, Inc 7,858 16,733,547 * Life Healthcare Group Holdings Pte Ltd 20,965 2,704,000 * Lifetech Scientific Corp 1,249 86,065 * LivaNova plc 6,346 5,400 * Lucira Health, Inc 65 256,916 M3, Inc 17,637 62,978 * Magellan Health Services, Inc 5,872 71,363 Mani, Inc 1,796 37,352 * Masimo Corp 8,578 302,796 McKesson Corp 59,057 7,023 *,g Medacta Group S.A. 755 4,706 *,g Medartis Holding AG. 322 23,100 Medical Data Vision Co Ltd 448 105,540 Medicare Group 281 60,232 Mediceo Paltac Holdings Co Ltd 1,158 405,977 * Mediclinic International plc 1,601

VALUE SHARES COMPANY (000) 10,358 * Medios AG. $ 443 10,965 * Medipost Co Ltd 336 19,200 *,e Medley, Inc 768 117,404 * MEDNAX, Inc 2,990 12,700 * MedPeer, Inc 753 442,300 Medtecs International Corp Ltd 306 5,073,764 Medtronic plc 599,364 89,808 * Meinian Onehealth Healthcare Holdings Co Ltd 212 28,842 Menicon Co Ltd 1,705 2,975 Mercator Medical S.A. 261 170,906 * Meridian Bioscience, Inc 4,486 51,125 * Merit Medical Systems, Inc 3,061 3,411 Mesa Laboratories, Inc 831 217 Metall Zug AG.(B Shares) 466 8,566,500 * Metro Healthcare Indonesia TBK PT 200 20,507 g Metropolis Healthcare Ltd 629 1,333,195 e Microport Scientific Corp 7,569 27,828 * Middle East Healthcare Co 261 43,406 *,e Milestone Scientific, Inc 155 51,400 * Miraca Holdings, Inc 1,727 29,806 * Misonix Inc 584 60,334 *,g MLP Saglik Hizmetleri AS. 152 56,665 *,e ModivCare, Inc 8,393 113,462 * Molina Healthcare, Inc 26,523 37,468 Mouwasat Medical Services Co 1,569 22,236 Nagaileben Co Ltd 551 71,222 Nakanishi, Inc 1,485 257,944 * Nanosonics Ltd 1,122 10,977 *,e Nano-X Imaging Ltd 455 74,294 *,e NantHealth, Inc 239 54,229 * Narayana Hrudayalaya Ltd 302 18,865 National Healthcare Corp 1,470 18,575 National Medical Care Co 265 10,627 * National Research Corp 498 130,179 * Natus Medical, Inc 3,334 5,508 *,e Nemaura Medical, Inc 42 147,621 * Neogen Corp 13,122 923,989 * Network Healthcare Holdings Ltd 892 1,812 Neuca S.A. 320 283,343 * Nevro Corp 39,526 87,333 * NextGen Healthcare, Inc 1,581 81,877 Nihon Kohden Corp 2,392 137,552 e Nipro Corp 1,665 159,379 *,† NMC Health plc 2

VALUE SHARES COMPANY (000) 14,098 g NNIT A.S. $ 236 198,450 * Notre Dame Intermedica Participacoes S.A. 2,919 163,753 * Novocure Ltd 21,645 91,264 *,e NuVasive, Inc 5,983 259,024 *,e Oak Street Health, Inc 14,057 625,071 Oceania Healthcare Ltd 559 196,275 Odontoprev S.A. 459 517,238 Olympus Corp 10,730 64,545 * Omnicell, Inc 8,382 5,578 *,e Ontrak, Inc 182 24,938 * OptimizeRx Corp 1,216 446,662 * Option Care Health, Inc 7,924 71,355 * OraSure Technologies, Inc 833 130,251 e Oriola-KD Oyj (B Shares) 313 71,389 Orpea 8,267 617,939 * Ortho Clinical Diagnostics Holdings plc 11,923 73,806 *,e Orthofix Medical Inc 3,200 8,987 *,e OrthoPediatrics Corp 438 33,945 Osstem Implant Co Ltd 2,561 19,441 *,e Outset Medical, Inc 1,057 10,477 Ovctek China, Inc 145 238,624 Owens & Minor, Inc 8,970 43,544 Paramount Bed Holdings Co Ltd 928 280,554 Patterson Cos, Inc 8,964 46,032 * PAVmed, Inc 204 20,000 Pegavision Corp 269 25,722 * Pennant Group, Inc 1,178 13,354 *,e Penumbra, Inc 3,613 38,612 *,e PetIQ, Inc 1,361 5,175 Pharmagest Inter@ctive 578 242,364 * Phreesia, Inc 12,627 79,000 *,† Pihsiang Machinery Manufacturing Co Ltd 0^ 201,259 *,e,g Ping An Healthcare and Technology Co Ltd 2,540 590,586 *,e PolyNovo Ltd 1,222 137,196 Premier, Inc 4,644 49,263 Pro Medicus Ltd 1,553 13,737 *,e Progenity, Inc 65 92,916 * Progyny, Inc 4,136 28,385 * Pulmonx Corp 1,298 10,275 *,e Pulse Biosciences, Inc 243 172,663 Qualicorp S.A. 931 195,844 Quest Diagnostics, Inc 25,135 16,712 * Quidel Corp 2,138 60,744 * Quotient Ltd 224

VALUE SHARES COMPANY (000) 731,080 * R1 RCM, Inc $ 18,043 32,739 * RadNet, Inc 712 1,066,399 Raffles Medical Group Ltd 889 82,466 Ramsay Health Care Ltd 4,212 50,078 *,e Repro-Med Systems, Inc 176 57,178 Resmed, Inc 11,094 10,441 *,e Retractable Technologies, Inc 134 21,433 Revenio Group Oyj 1,273 79,041 *,e Rockwell Medical, Inc 92 305,899 Ryman Healthcare Ltd 3,274 33,344 Sartorius AG. 16,624 31,761 * Saudi Chemical Co 302 43,141 *,e Schrodinger, Inc 3,291 41,014 * SeaSpine Holdings Corp 714 14,293 * Sedana Medical AB 538 67,394 Selcuk Ecza Deposu Ticaret ve Sanayi AS 86 546,879 * Select Medical Holdings Corp 18,649 10,707 Shandong Pharmaceutical Glass Co Ltd 65 1,010,682 Shandong Weigao Group Medical Polymer Co Ltd 2,004 19,941 Shanghai Kindly Medical Instruments Co Ltd 79 46,232 Shanghai Pharmaceuticals Holding Co Ltd 139 334,527 Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong) 658 12,723 *,e Sharps Compliance Corp 183 200,434 Shenzhen Mindray Bio-Medical Electronics Co Ltd 12,274 116,536 Ship Healthcare Holdings, Inc 3,280 73,924 * Shockwave Medical Inc 9,629 125,477 * SI-BONE, Inc 3,991 339,940 g Siemens Healthineers AG. 18,425 69,687 e Sienna Senior Living, Inc 794 41,031 *,e Sientra, Inc 299 1,016,691 * Sigma Healthcare Ltd 525 35,280 * Signify Health, Inc 1,032 48,823 * Silk Road Medical Inc 2,473 11,763 Simulations Plus, Inc 744 552,587 Sinopharm Group Co 1,339 861,125 Smith & Nephew plc 16,348 2,800 Software Service, Inc 275 49,800 Solasto Corp 644 4,981 * Soliton Inc 88 929,353 Sonic Healthcare Ltd 24,852 56,831 * Sonova Holdings AG 15,065 271,185 g Spire Healthcare Group plc 625 389,100 Sri Trang Gloves Thailand PCL 511 37,000 St. Shine Optical Co Ltd 447

VALUE SHARES COMPANY (000) 67,375 * Staar Surgical Co $ 7,102 98,755 * Stereotaxis, Inc 664 129,528 STERIS plc 24,673 9,526 STRATEC Biomedical AG. 1,287 10,957 e Straumann Holding AG. 13,680 315,874 Stryker Corp 76,941 4,634 Suheung Capsule Co Ltd 210 225,979 Summerset Group Holdings Ltd 1,919 610,960 Supermax Corp BHD 562 225,192 * Surgalign Holdings, Inc 491 42,242 * Surgery Partners, Inc 1,870 12,120 * SurModics, Inc 680 23,446 Suzuken Co Ltd 917 189,413 Sysmex Corp 20,446 15,811 *,e Tabula Rasa HealthCare, Inc 728 13,420 * Tactile Systems Technology, Inc 731 40,000 TaiDoc Technology Corp 261 7,898 * Talis Biomedical Corp 102 91,833 * Tandem Diabetes Care, Inc 8,104 4,674 * Tela Bio, Inc 70 137,646 *,e Teladoc, Inc 25,017 74,821 Teleflex, Inc 31,085 227,622 * Tenet Healthcare Corp 11,836 710,256 Terumo Corp 25,703 399,311 Thonburi Healthcare Group PCL 336 14,164 g Thyrocare Technologies Ltd 175 85,962 * Tivity Health, Inc 1,919 144,130 Toho Pharmaceutical Co Ltd 2,649 15,309 Tokai Corp (GIFU) 334 1,939,286 Top Glove Corp BHD 2,116 14,480 * Topchoice Medical Corp 556 2,414,000 *,e Town Health International Medical Group Ltd 118 65,306 * Transmedics Group, Inc 2,710 33,159 *,e Triple-S Management Corp (Class B) 863 230,380 Uniphar plc 687 1,586,809 United Drug plc 17,183 2,237,029 UnitedHealth Group, Inc 832,331 80,315 Universal Health Services, Inc (Class B) 10,713 29,000 Universal Vision Biotechnology Co Ltd 329 9,130 US Physical Therapy, Inc 950 4,093 Utah Medical Products, Inc 354 6,477 Value Added Technologies Co Ltd 175 20,903 *,e Vapotherm, Inc 502 54,318 * Varex Imaging Corp 1,113

VALUE SHARES COMPANY (000) 15,580 * Varian Medical Systems, Inc $ 2,750 219,983 * Veeva Systems, Inc 57,468 394,211 *,e Venus Concept, Inc 926 29,108 * Viemed Healthcare, Inc 295 36,576 *,e Viemed Healthcare, Inc (Toronto) 372 6,352 Vieworks Co Ltd 203 446,300 * ViewRay, Inc 1,941 36,600 VITAL KSK Holdings, Inc 261 23,725 * Vocera Communications, Inc 912 97,482 *,e VolitionRX Ltd 369 124,471 *,e Well Health Technologies Corp 711 348,832 West Pharmaceutical Services, Inc 98,294 43,672 Winning Health Technology Group Co Ltd 110 166,561 * Xvivo Perfusion AB 5,217 3,336 e Ypsomed Holding AG. 559 2,138,913 Zimmer Biomet Holdings, Inc 342,397 13,439 *,e Zynex Inc 205 TOTAL HEALTH CARE EQUIPMENT & SERVICES 6,890,427

HOUSEHOLD & PERSONAL PRODUCTS - 1.5% 6,921 Aekyung Industrial Co Ltd 152 392,675 Amorepacific Corp 90,182 67,044 Bajaj Corp Ltd 239 167,482 Beiersdorf AG. 17,696 194,354 * BellRing Brands, Inc 4,589 5,499,000 †,e Best World International Ltd 2,780 13,857 e Blackmores Ltd 842 276,735 BWX Ltd 973 45,297 By-health Co Ltd 198 39,940 C&S Paper Co Ltd 158 49,802 * Central Garden & Pet Co 2,889 191,768 * Central Garden and Pet Co (Class A) 9,951 38,000 Chlitina Holding Ltd 317 91,620 Church & Dwight Co, Inc 8,003 461,644 Clorox Co 89,042 1,246,633 Colgate-Palmolive Co 98,272 50,183 Colgate-Palmolive India Ltd 1,072 5,704 * Cosmax, Inc 617 44,099 *,e Coty, Inc 397 205,460 Dabur India Ltd 1,521 14,830 Earth Chemical Co Ltd 894 87,421 Edgewell Personal Care Co 3,462 499,000 * elf Beauty, Inc 13,388 160,631 Emami Ltd 1,069

VALUE SHARES COMPANY (000) 99,168 Energizer Holdings, Inc $ 4,707 513,753 e Essity AB 16,237 916,786 Estee Lauder Cos (Class A) 266,647 77,100 * Euglena Co Ltd 739 81,284 Fancl Corp 2,747 5,042 Gillette India Ltd 407 161,050 * Godrej Consumer Products Ltd 1,611 87,000 Grape King Industrial Co 555 257,636 Hengan International Group Co Ltd 1,694 106,680 Henkel KGaA 10,569 150,408 Henkel KGaA (Preference) 16,911 19,985 * Herbalife Nutrition Ltd 887 906,540 Hindustan Lever Ltd 30,236 24,283 * Hyundai Bioscience Co Ltd 924 4,492,104 Industri Jamu Dan Farmasi Sido Muncul Tbk PT 243 14,833 e Inter Parfums S.A. 894 12,999 Inter Parfums, Inc 922 41,548 g Jamieson Wellness, Inc 1,216 106,198 * Jyothy Laboratories Ltd 199 421,869 Kao Corp 27,915 92,957 Kimberly-Clark Corp 12,926 1,345,118 Kimberly-Clark de Mexico S.A. de C.V. (Class A) 2,299 874,975 e Kitanotatsujin Corp 5,050 2,260 Kobayashi Pharmaceutical Co Ltd 211 5,475 Kolmar BNH Co Ltd 267 10,936 Kolmar Korea Co Ltd 557 5,757 Korea Kolmar Holdings Co Ltd 147 13,868 Kose Corp 1,966 8,688 LG Household & Health Care Ltd 12,056 878 LG Household & Health Care Ltd (Preference) 532 16,409 * Lifevantage Corp 153 126,950 Lion Corp 2,475 302,611 L’Oreal S.A. 115,925 40,572 Mandom Corp 767 199,208 Marico Ltd 1,123 28,790 Medifast, Inc 6,098 225,000 * Microbio Co Ltd 541 24,998 Milbon Co Ltd 1,374 758,764 * Natura & Co Holding S.A. 6,489 18,405 Nature’s Sunshine Products, Inc 367 14,400 Noevir Holdings Co Ltd 654 8,537 Nu Skin Enterprises, Inc (Class A) 452 8,269 Oil-Dri Corp of America 285 67,456 e Ontex Group NV 710

VALUE SHARES COMPANY (000) 97,739 Pacific Corp $ 5,626 60,061 Pigeon Corp 2,278 110,465 Pola Orbis Holdings, Inc 2,664 4,963,830 Procter & Gamble Co 672,252 4,198 Proya Cosmetics Co Ltd 102 2,949,510 PT Unilever Indonesia Tbk 1,335 194,501 PZ Cussons plc 715 1,012,196 Reckitt Benckiser Group plc 90,602 6,387 * Revlon, Inc (Class A) 79 73,006 Reynolds Consumer Products, Inc 2,174 97,645 Rohto Pharmaceutical Co Ltd 2,611 22,455 Sarantis S.A. 228 17,953 Shanghai Jahwa United Co Ltd 132 7,000 *,e Shinnihonseiyaku Co Ltd 148 568,326 Shiseido Co Ltd 38,222 38,899 Spectrum Brands Holdings, Inc 3,306 14,200 ST Corp 251 86,391 TCI Co Ltd 657 288,999 Uni-Charm Corp 12,135 2,673,175 Unilever plc 149,162 262,845 Unilever plc 14,666 55,859 * USANA Health Sciences, Inc 5,452 172,442 *,e Veru, Inc 1,858 153,536 e Vinda International Holdings Ltd 520 14,146 WD-40 Co 4,331 33,500 YA-MAN Ltd 477 47 *,e Yatsen Holding Ltd (ADR) 1 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 1,920,371

INSURANCE - 2.2% 13,147 Admiral Group plc 562 122,045 Aegon NV 580 967,875 Aflac, Inc 49,536 83,650 e Ageas 5,051 13,233,122 AIA Group Ltd 161,931 12,768 * Al Rajhi Co for Co-operative Insurance 300 21,038 * Alleghany Corp 13,176 359,472 Allianz AG. 91,434 451,193 Allstate Corp 51,842 141,907 Alm Brand AS 1,665 70,219 * AMBAC Financial Group, Inc 1,175 247,069 American Equity Investment Life Holding Co 7,790 143,748 American Financial Group, Inc 16,402 2,863,735 American International Group, Inc 132,333

VALUE SHARES COMPANY (000) 10,187 American National Group, Inc $ 1,099 29,903 Amerisafe, Inc 1,914 166,999 Anadolu Sigorta 132 73,200 * Anicom Holdings, Inc 667 381,478 Aon plc 87,782 523,362 * Arch Capital Group Ltd 20,081 51,124 * Argo Group International Holdings Ltd 2,573 258,224 Arthur J. Gallagher & Co 32,219 143,865 ASR Nederland NV 6,430 984,061 Assicurazioni Generali S.p.A. 19,661 83,098 Assurant, Inc 11,781 108,974 Assured Guaranty Ltd 4,607 309,367 * Athene Holding Ltd 15,592 76,718 AUB Group Ltd 1,123 5,018,283 Aviva plc 28,286 1,575,880 AXA S.A. 42,303 115,841 Axis Capital Holdings Ltd 5,742 42,235 * Bajaj Finserv Ltd 5,602 62,159 Baloise Holding AG. 10,570 481,500 Bangkok Life Assurance PCL 401 618,946 BB Seguridade Participacoes S.A. 2,667 2,298,188 * Beazley plc 11,139 122,733 * Brighthouse Financial, Inc 5,431 427,683 Brown & Brown, Inc 19,549 130,254 *,e BRP Group, Inc 3,549 20,839 * Bupa Arabia for Cooperative Insurance Co 666 6,998,807 Cathay Financial Holding Co Ltd 11,785 5,042,625 China Development Financial Holding Corp 1,860 1,476,532 China Insurance International Holdings Co Ltd 3,020 6,550,790 China Life Insurance Co Ltd 13,614 174,875 China Life Insurance Co Ltd (Class A) 853 1,417,437 China Life Insurance Co Ltd (Taiwan) 1,281 376,800 China Pacific Insurance Group Co Ltd 2,183 2,453,409 China Pacific Insurance Group Co Ltd (Hong Kong) 9,711 1,400,143 Chubb Ltd 221,181 204,144 Cincinnati Financial Corp 21,045 72,976 *,e Citizens, Inc (Class A) 423 50,886 * Clal Insurance 838 37,152 CNA Financial Corp 1,658 11,676 CNP Assurances 221 20,328 * Co for Cooperative Insurance 425 216,340 Conseco, Inc 5,255 3,630,000 *,†,e Convoy Financial Holdings Ltd 5 32,971 Crawford & Co 351

VALUE SHARES COMPANY (000) 794,362 Dai-ichi Mutual Life Insurance Co $ 13,655 92,990 Direct Line Insurance Group plc 401 156,575 * Discovery Holdings Ltd 1,405 21,837 Donegal Group, Inc (Class A) 324 46,752 Dongbu Insurance Co Ltd 1,955 24,363 * eHealth, Inc 1,772 43,915 Employers Holdings, Inc 1,891 18,873 * Enstar Group Ltd 4,657 38,596 Erie Indemnity Co (Class A) 8,526 165,909 Everest Re Group Ltd 41,114 26,760 Fairfax Financial Holdings Ltd 11,681 32,126 e Fanhua, Inc (ADR) 448 15,715 FBL Financial Group, Inc (Class A) 879 8,208 FedNat Holding Co 38 364,466 Fidelity National Financial Inc 14,819 202,978 e First American Financial Corp 11,499 5,875,613 Fubon Financial Holding Co Ltd 11,725 810,671 * Genworth Financial, Inc (Class A) 2,691 106,958 Gjensidige Forsikring BA 2,508 148,245 Globe Life, Inc 14,325 58,137 *,e GoHealth, Inc 680 18,601 Goosehead Insurance, Inc 1,994 283,598 Great-West Lifeco, Inc 7,546 56,703 *,e Greenlight Capital Re Ltd (Class A) 493 43,938 Grupo Catalana Occidente S.A. 1,752 5,849 Hannover Rueckversicherung AG. 1,068 51,631 e Hanover Insurance Group, Inc 6,684 233,773 Hanwha Life Insurance Co Ltd 662 115,642 Harel Insurance Investments & Finances Ltd 1,169 1,400,261 Hartford Financial Services Group, Inc 93,523 9,409 e HCI Group, Inc 723 665,609 *,g HDFC Life Insurance Co Ltd 6,352 37,694 Helvetia Holding AG. 4,425 80,682 Heritage Insurance Holdings, Inc 894 353,085 Hiscox Ltd 4,181 64,366 Horace Mann Educators Corp 2,781 218,949 Hubei Biocause Pharmaceutical Co Ltd 138 62,338 Hyundai Marine & Fire Insurance Co Ltd 1,351 109,145 iA Financial Corp, Inc 5,934 281,444 g ICICI Lombard General Insurance Co Ltd 5,532 305,288 *,g ICICI Prudential Life Insurance Co Ltd 1,864 9,077 IDI Insurance Co Ltd 344 7,398 Independence Holding Co 295 2,312,265 Insurance Australia Group Ltd 8,237

VALUE SHARES COMPANY (000) 178,666 Intact Financial Corp $ 21,894 1,423 Investors Title Co 236 731,400 IRB Brasil Resseguros S 797 43,446 e James River Group Holdings Ltd 1,982 1,447,600 Japan Post Holdings Co Ltd 12,901 216,200 Japan Post Insurance Co Ltd 4,441 1,072,025 *,e Just Retirement Group plc 1,492 113,666 Kemper Corp 9,061 35,025 Kinsale Capital Group, Inc 5,772 57,745 Korean Reinsurance Co 432 342,906 Lancashire Holdings Ltd 3,041 4,769,158 Legal & General Group plc 18,311 45,882 *,e Lemonade, Inc 4,273 98,630 Liberty Holdings Ltd 393 35,800 * Lifenet Insurance Co 411 265,845 Lincoln National Corp 16,554 308,560 Loews Corp 15,823 1,974,527 Manulife Financial Corp (Toronto) 42,470 1,085,267 e Mapfre S.A. 2,261 17,928 * Markel Corp 20,431 1,370,775 Marsh & McLennan Cos, Inc 166,960 157,839 * Max Financial Services Ltd 1,859 80,915 *,e MBIA, Inc 778 2,627,995 Medibank Pvt Ltd 5,602 28,584 Menorah Mivtachim Holdings Ltd 593 281,918 Mercuries & Associates Holding Ltd 209 2,010,810 * Mercuries Life Insurance Co Lt 626 61,299 Mercury General Corp 3,728 39,963 Meritz Fire & Marine Insurance Co Ltd 684 1,795,923 Metlife, Inc 109,174 204 * Midwest Holding, Inc 10 417,127 * Migdal Insurance Holdings Ltd 483 46,931 Mirae Asset Life Insurance Co Ltd 174 741,827 e Momentum Metropolitan Holdings 875 299,826 MS&AD Insurance Group Holdings Inc 8,820 9,573 Muenchener Rueckver AG. 2,948 3,994 National Western Life Group, Inc 995 127,465 New China Life Insurance Co Ltd 947 786,965 New China Life insurance Co Ltd (Hong Kong) 3,057 15,295 * NI Holdings, Inc 283 468,207 nib holdings Ltd 1,866 244,214 NN Group NV 11,913 1,880,938 Old Mutual Ltd 1,610 391,288 Old Republic International Corp 8,546

VALUE SHARES COMPANY (000) 14,642 * Palomar Holdings, Inc $ 982 7,990,388 People’s Insurance Co Group of China Ltd 2,598 409,315 People’s Insurance Co Group of China Ltd (Class A) 372 464,693 Phoenix Group Holdings plc 4,698 164,689 * Phoenix Holdings Ltd 1,445 6,269,556 PICC Property & Casualty Co Ltd 5,455 9,487,246 Ping An Insurance Group Co of China Ltd 113,480 3,104,692 Ping An Insurance Group Co of China Ltd (Class A) 37,385 416,857 g Poste Italiane S.p.A 5,294 736,745 e Power Corp Of Canada 19,364 230,931 * Powszechny Zaklad Ubezpieczen S.A. 1,990 60,875 Primerica, Inc 8,999 367,469 Principal Financial Group 22,033 83,793 ProAssurance Corp 2,242 977,320 Progressive Corp 93,442 21,632 * ProSight Global, Inc 273 7,413 Protective Insurance Corp 170 70,078 *,e Protector Forsikring ASA 734 1,514,047 Prudential Financial, Inc 137,930 2,099,644 Prudential plc 44,728 10,234,300 * PT Panin Life Tbk 144 1,279,812 * Qatar Insurance Co SAQ 872 1,404,326 QBE Insurance Group Ltd 10,285 127,754 e Qualitas Controladora SAB de C.V. 703 275,607 Rand Merchant Investment Holdings Ltd 572 93,103 Reinsurance Group of America, Inc (Class A) 11,736 110,029 RenaissanceRe Holdings Ltd 17,632 33,199 RLI Corp 3,704 70,531 RSA Insurance Group plc 662 238,354 g Sabre Insurance Group plc 831 38,519 Safety Insurance Group, Inc 3,245 391,916 Sampo Oyj (A Shares) 17,672 27,611 Samsung Fire & Marine Insurance Co Ltd 4,640 62,168 Samsung Life Insurance Co Ltd 4,297 676,882 Sanlam Ltd 2,733 29,943 * Santam Ltd 495 337,826 *,g SBI Life Insurance Co Ltd 4,082 10,832 * SCOR SE 369 121,708 Selective Insurance Group, Inc 8,829 386,451 * Selectquote, Inc 11,404 9,994,866 Shin Kong Financial Holding Co Ltd 3,214 123,564 Shinkong Insurance Co Ltd 173 131,075 * SiriusPoint Ltd 1,333 168,854 *,e Societa Cattolica di Assicurazioni SCRL 991

VALUE SHARES COMPANY (000) 527,520 Sompo Holdings, Inc $ 20,213 27,269 State Auto Financial Corp 537 886,735 Steadfast Group Ltd 2,576 40,726 Stewart Information Services Corp 2,119 480,342 Storebrand ASA 4,827 264,933 Sul America S.A. 1,608 697,818 Sun Life Financial, Inc 35,266 1,218,036 Suncorp-Metway Ltd 9,177 18,539 Swiss Life Holding 9,111 22,271 e Swiss Re Ltd 2,190 183,700 Syarikat Takaful Malaysia BHD 211 550,165 T&D Holdings, Inc 7,079 34,674 Tiptree Inc 310 670,599 Tokio Marine Holdings, Inc 31,915 27,647 Tongyang Life Insurance Co Ltd 103 62,898 Topdanmark AS 2,869 103,124 TQM Corp PCL 405 342,655 e Travelers Cos, Inc 51,535 22,429 * Trean Insurance Group, Inc 362 8,542 * Trisura Group Ltd 809 62,956 * Trupanion, Inc 4,798 57,970 e Tryg A.S. 1,366 435,179 Unipol Gruppo Finanziario S.p.A 2,424 121,630 Uniqa Versicherungen AG. 913 33,901 United Fire Group Inc 1,180 46,786 United Insurance Holdings Corp 337 43,487 Universal Insurance Holdings, Inc 624 287,182 Unum Group 7,992 1,367 *,e Vericity, Inc 14 41,704 Vienna Insurance Group AG Wiener Versicherung Gruppe 1,081 258,667 W.R. Berkley Corp 19,491 28,594 * Watford Holdings Ltd 990 6,913 White Mountains Insurance Group Ltd 7,707 178,980 e Willis Towers Watson plc 40,965 66,783 * Wiz Solucoes e Corretagem de Seguros S.A. 89 24,836 Wuestenrot & Wuerttembergische AG. 518 347,605 *,e,g ZhongAn Online P&C Insurance Co Ltd 2,118 73,824 Zurich Insurance Group AG 31,423 TOTAL INSURANCE 2,913,187

MATERIALS - 4.7% 65,943 Aarti Industries 1,191 168,746 Acerinox S.A. 2,210 88,838 ADEKA Corp 1,746 402,308 Adelaide Brighton Ltd 1,065

VALUE SHARES COMPANY (000) 13,741 * Advanced Emissions Solutions, Inc $ 76 37,587 Advanced Enzyme Technologies Ltd 178 41,923 Advanced Petrochemical Co 816 44,545 * AdvanSix, Inc 1,195 74,523 Aeci Ltd 522 242,263 e African Rainbow Minerals Ltd 4,550 241,774 Agnico-Eagle Mines Ltd 13,977 52,346 * AgroFresh Solutions, Inc 105 11,200 Aichi Steel Corp 376 528,469 Air Liquide 86,286 350,181 Air Products & Chemicals, Inc 98,520 96,349 Air Water, Inc 1,690 7,182 Akzo Nobel India Ltd 226 247,368 Akzo Nobel NV 27,618 409,183 Alamos Gold, Inc 3,197 193,559 Albemarle Corp 28,281 296,562 * Alcoa Corp 9,635 447,307 * Alkane Resources Ltd 235 3,871 Alkyl Amines Chemicals 302 388,988 * Allegheny Technologies, Inc 8,192 358,926 Alpek SAB de C.V. 335 40,978 e Altius Minerals Corp 489 80,188 Altri SGPS S.A. 613 25,897 * Alujain Corp 336 2,541,942 Alumina Ltd 3,378 3,835,964 * Aluminum Corp of China Ltd 1,594 899,987 * Aluminum Corp of China Ltd (Class A) 521 286,604 Ambuja Cements Ltd 1,214 2,250,560 Amcor plc 26,287 43,705 American Vanguard Corp 892 30,535 AMG Advanced Metallurgical Group NV 1,223 251,292 *,e Amyris, Inc 4,800 20,833 Anglo American Platinum Ltd 3,038 1,142,145 Anglo American plc (London) 44,735 358,529 AngloGold Ashanti Ltd 7,804 3,054,538 e AngloGold Ashanti Ltd (ADR) 67,108 499,065 Anhui Conch Cement Co Ltd 3,259 98,045 Anhui Conch Cement Co Ltd (Class A) 768 331,262 Antofagasta plc 7,716 51,528 APERAM 2,317 36,890 * APL Apollo Tubes Ltd 709 89,387 Aptargroup, Inc 12,663 72,383 Arabian Cement Co 840 768,318 ArcelorMittal 22,113 157,868 * Arconic Corp 4,008 25,338 Ardagh Group S.A. 644 306,217 * Argonaut Gold, Inc 560

VALUE SHARES COMPANY (000) 59,705 Arkema $ 7,231 71,234 Asahi Holdings, Inc 1,368 708,240 Asahi Kasei Corp 8,176 78,110 Ashland Global Holdings, Inc 6,934 349,125 Asia Cement China Holdings Corp 358 900,044 Asia Cement Corp 1,511 297,697 Asian Paints Ltd 10,358 70,192 Associated Cement Co Ltd 1,833 17,116 * Astral Poly Technik Ltd 380 336,700 ATA IMS BHD 238 11,083 * Atul Ltd 1,076 34,608 Aurubis AG. 2,868 174,946 Avery Dennison Corp 32,129 355,351 Avient Corp 16,797 993,174 * Axalta Coating Systems Ltd 29,378 958,191 B2Gold Corp 4,125 98,375 Balchem Corp 12,337 752,539 Ball Corp 63,770 1,295,685 Baoshan Iron & Steel Co Ltd 1,601 1,845,961 Barrick Gold Corp (Canada) 36,620 8,078 BASF India Ltd 229 1,024,770 BASF SE 85,161 8,933 Bayer CropScience Ltd 653 250,500 BBMG Corp 113 108,731 Beijing Oriental Yuhong Waterproof Technology Co Ltd 850 36,151 Bekaert S.A. 1,512 766,191 * Bellevue Gold Ltd 455 87,201 Berger Paints India Ltd 914 957,724 *,e Berry Global Group, Inc 58,804 3,275,098 BHP Billiton Ltd 113,611 2,118,338 BHP Group plc 60,991 183,926 Billerud AB 3,421 4,000 *,†,e Bio On S.p.A. 0^ 17,103 Birla Corp Ltd 223 443,307 BlueScope Steel Ltd 6,542 229,310 Boliden AB 8,508 1,247,949 * Boral Ltd 5,225 95,812 Borregaard ASA 2,086 304,472 Boubyan Petrochemicals Co KSCP 854 177,606 Bradespar S.A. 2,155 1,556,195 * Breedon Group plc 2,004 76,860 Brickworks Ltd 1,221 2,259 * Brodrene Hartmann A.S. 186 221,291 Buzzi Unicem S.p.A. 5,748 78,132 Cabot Corp 4,097 498,700 Cahya Mata Sarawak BHD 263 18,546 e Caledonia Mining Corp plc 265 221,906 * Calibre Mining Corp 286 106,749 * Canfor Corp 2,211 50,946 CAP S.A. 825 74,141 Carpenter Technology Corp 3,051 168,898 Cascades, Inc 2,114 284,014 Castrol India Ltd 488 136,672 CCL Industries 7,561

VALUE SHARES COMPANY (000) 54,245 Cementir Holding NV $ 557 430,920 Cementos Argos S.A. 606 13,267,730 * Cemex S.A. de C.V. 9,360 3,464,968 Centamin plc 4,966 231,149 Centerra Gold, Inc 2,045 163,019 Central Asia Metals plc 562 82,055 * Century Aluminum Co 1,449 97,000 Century Iron & Steel Industrial Co Ltd 361 31,432 Century Textile & Industries Ltd 201 1,727,525 CF Industries Holdings, Inc 78,395 292,176 * Chalice Gold Mines Ltd 1,155 123,762 Chambal Fertilizers & Chemicals Ltd 388 555,721 * Champion Iron Ltd 2,327 5,606 Chase Corp 652 235,655 Chemours Co 6,577 1,449,006 Cheng Loong Corp 1,772 290,000 Chia Hsin Cement Corp 213 84,362 * Chifeng Jilong Gold Mining Co Ltd 188 5,622,695 China BlueChemical Ltd 1,363 275,127 China General Plastics Corp 360 65,600 China Hi-ment Corp 107 1,633,105 China Hongqiao Group Ltd 2,184 210,400 China Jushi Co Ltd 621 821,232 * China Manmade Fibers Corp 285 212,112 China Metal Products 241 3,058,614 China Molybdenum Co Ltd 1,867 472,444 China Molybdenum Co Ltd (Class A) 384 1,562,276 China National Building Material Co Ltd 2,263 212,229 * China Northern Rare Earth Group High-Tech Co Ltd 623 932,000 China Oriental Group Co Ltd 283 2,476,359 China Petrochemical Development Corp 952 1,008,248 China Resources Cement Holdings Ltd 1,137 123,000 China Steel Chemical Corp 464 10,438,181 China Steel Corp 9,496 296,000 China XLX Fertiliser Ltd 146 1,301,200 *,e China Zhongwang Holdings Ltd 320 174,701 * Chr Hansen Holding A/S 15,869 46,678 Chugoku Marine Paints Ltd 421 3,043 Chunbo Co Ltd 441 658,000 * Chung Hung Steel Corp 450 317,540 * Chung Hwa Pulp Corp 147 187,422 *,e Cia de Minas Buenaventura S.A. (ADR) (Series B) 1,880 28,298 Cia Ferro Ligas da Bahia - FERBASA 171 559,850 Cia Siderurgica Nacional S.A. 3,770 19,111 * Ciech S.A. 179 50,937 City Cement Co 352 172,124 e Clariant AG. 3,473 24,449 * Clearwater Paper Corp 920 659,368 *,e Cleveland-Cliffs, Inc 13,260 399,927 * Coeur Mining, Inc 3,611 241,200 Comfort Glove Bhd 109 239,541 Commercial Metals Co 7,387 86,132 *,† Companhia Vale do Rio Doce 0 430,648 Companhia Vale do Rio Doce (ADR) 7,485

VALUE SHARES COMPANY (000) 78,645 Coromandel International Ltd $ 835 1,495,260 *,g Coronado Global Resources, Inc (ADR) 1,025 1,793,555 Corteva, Inc 83,616 39,035 Corticeira Amorim SGPS S.A. 463 339,805 g Covestro AG. 22,862 432,000 CPMC Holdings Ltd 245 819,537 CRH plc 38,352 124,664 Croda International plc 10,908 1,815,984 Crown Holdings, Inc 176,223 5,173,175 * CSN Mineracao S.A. 8,446 500,283 CSR Ltd 2,202 1,601,400 D&L Industries Inc 233 231,000 Daicel Chemical Industries Ltd 1,780 28,031 Daido Steel Co Ltd 1,301 12,200 Daiken Corp 243 12,571 Dainichiseika Color & Chemicals Manufacturing Co Ltd 281 137,899 Daio Paper Corp 2,371 57,028 * Dalmia Bharat Ltd 1,242 957,414 * De Grey Mining Ltd 720 55,542 * Deepak Nitrite Ltd 1,261 83,549 Denki Kagaku Kogyo KK 3,342 429,712 Deterra Royalties Ltd 1,285 77,901 DIC Corp 2,021 8,300 DKS Co Ltd 276 161,714 Domtar Corp 5,975 25,698 Dongjin Semichem Co Ltd 746 43,471 Dongkuk Steel Mill Co Ltd 526 3,659 Dongwon Systems Corp 157 882,000 Dongyue Group 682 1,675,717 Dow, Inc 107,145 143,779 Dowa Holdings Co Ltd 5,999 308,361 e DRDGOLD Ltd 285 1,400,599 DS Smith plc 7,870 152,508 DSM NV 25,783 8,171 * Duk San Neolux Co Ltd 328 150,486 Dundee Precious Metals, Inc 918 1,384,285 DuPont de Nemours, Inc 106,978 237,217 Duratex S.A. 788 7,474 * Eagle Materials, Inc 1,005 769,400 Eastern Polymer Group PCL 251 51,471 Eastern Province Cement Co 712 206,618 Eastman Chemical Co 22,753 773,513 Ecolab, Inc 165,586 14,538 Ecopro Co Ltd 741 55,079 * EID Parry India Ltd 241 182,137 * Eldorado Gold Corp 1,968 465,628 Element Solutions, Inc 8,516 561,552 Elementis plc 972 270,136 g Elkem ASA 1,177 1,014,231 Empresas CMPC S.A. 3,256 7,075 e EMS-Chemie Holding AG. 6,320 140,898 * Ence Energia y Celulosa S.A. 704 193,601 Endeavour Mining Corp 3,902 164,021 *,e Endeavour Silver Corp 812

VALUE SHARES COMPANY (000) 486,186 Engro Chemical Pakistan Ltd $ 884 391,436 Engro Fertilizers Ltd 160 226,949 * Equinox Gold Corp 1,810 8,691 * Eramet 616 543,104 Eregli Demir ve Celik Fabrikalari TAS 1,006 67,304 * ERO Copper Corp 1,158 298,769 Essentra plc 1,194 663,574 Eternal Chemical Co Ltd 838 34,800 Eugene Corp 176 1,924,483 * Eurasia Mining plc 793 313,128 Everlight Chemical Industrial Corp 185 1,392,960 Evolution Mining Ltd 4,340 181,277 Evonik Industries AG. 6,414 34,833 Evraz plc 277 909,072 Fauji Fertilizer Co Ltd 622 333,050 Feng Hsin Iron & Steel Co 833 300,307 Ferrexpo plc 1,551 113,937 * Ferro Corp 1,921 202,348 *,† Ferroglobe plc 0 5,713 Fine Organic Industries Ltd 179 35,539 * Finolex Industries Ltd 310 207,473 *,e First Majestic Silver Corp 3,236 909,831 First Quantum Minerals Ltd 17,339 838,216 Fletcher Building Ltd 4,153 185,492 FMC Corp 20,517 38,045 * Foosung Co Ltd 355 3,086,139 Formosa Chemicals & Fibre Corp 9,502 3,361,019 Formosa Plastics Corp 11,936 230,669 g Forterra plc 913 64,756 * Forterra, Inc 1,506 2,255,192 Fortescue Metals Group Ltd 34,370 18,049 *,e Fortitude Gold Corp 83 192,347 * Fortuna Silver Mines, Inc 1,247 46,320 e FP Corp 1,887 174,026 Franco-Nevada Corp 21,809 4,035,545 * Freeport-McMoRan, Inc (Class B) 132,890 155,337 Fresnillo plc 1,850 58,454 Fuchs Petrolub AG. (Preference) 2,801 1,221,483 Fufeng Group Ltd 440 39,877 Fuji Seal International, Inc 893 19,275 Fujimi, Inc 754 15,030 Fujimori Kogyo Co Ltd 613 3,722,296 Fushan International Energy Group Ltd 924 18,700 Fuso Chemical Co Ltd 688 43,205 FutureFuel Corp 628 8,421 Galaxy Surfactants Ltd 294 24,843 Ganfeng Lithium Co Ltd 361 229,862 * Gatos Silver, Inc 2,292 108,845 * GCP Applied Technologies, Inc 2,671 280,079 GEM Co Ltd 369 939,510 Gerdau S.A. (Preference) 5,044 11,175 Givaudan S.A. 43,105 171,958 Glatfelter Corp 2,949 10,838,685 Glencore Xstrata plc 42,557

VALUE SHARES COMPANY (000) 135,619 Gold Resource Corp $ 358 755,042 Gold Road Resources Ltd 633 676,484 Goldsun Development & Construction Co Ltd 644 57,957 e Gran Colombia Gold Corp 249 686,000 * Grand Pacific Petrochemical 662 108,679 Granges AB 1,413 383,658 Graphic Packaging Holding Co 6,967 117,017 Grasim Industries Ltd 2,328 605,755 *,† Great Basin Gold Ltd 5 3,901,369 * Greatland Gold plc 1,033 656,000 Greatview Aseptic Packaging Co 326 39,212 e Greif, Inc (Class A) 2,235 9,635 Greif, Inc (Class B) 552 8,450 Groupe Guillin 261 32,986 * Grupa Azoty S.A. 251 214,317 Grupo Argos S.A. 689 164,893 e Grupo Cementos de Chihuahua SAB de C.V. 1,144 2,706,538 e Grupo Mexico S.A. de C.V. (Series B) 14,230 155,710 * Guangdong HEC Technology Holding Co Ltd 118 27,729 Guangdong Hongda Blasting Co Ltd 132 28,978 Guangzhou Tinci Materials Technology Co Ltd 363 37,989 * Gubre Fabrikalari TAS 338 19,405 * Gujarat Fluorochemicals Ltd 153 9,709 Gulf Oil Lubricants India Ltd 96 960 Gurit Holding AG. 2,435 98,817 H.B. Fuller Co 6,217 1,371 Hanil Cement Co Ltd 204 6,899 Hansol Chemical Co Ltd 1,477 12,183 Hansol Paper Co Ltd 155 101,452 * Hanwha Chemical Corp 4,536 1,705,203 *,e Harmony Gold Mining Co Ltd 7,271 19,861 Hawkins, Inc 666 20,127 Haynes International, Inc 597 838,710 Hecla Mining Co 4,772 1,082,851 HeidelbergCement AG. 98,386 53,584 HeidelbergCement India Ltd 171 320,169 Hengli Petrochemical Co Ltd 1,439 151,494 Hengyi Petrochemical Co Ltd 340 1,137,216 * Hesteel Co Ltd 410 382,495 Hexpol AB 4,319 81,414 Hill & Smith Holdings plc 1,652 1,423,907 Hindalco Industries Ltd 6,405 656,190 * Hitachi Metals Ltd 10,832 359,016 e Hochschild Mining plc 969 6,600 Hodogaya Chemical Co Ltd 289 105,929 Hokuetsu Paper Mills Ltd 497 46,130 Holcim Ltd 2,713 95,385 e Holmen AB 4,187 15,396 Honam Petrochemical Corp 4,113 172,000 Hsin Kuang Steel Co Ltd 239 709,000 e Huabao International Holdings Ltd 723 32,701 Huaxin Cement Co Ltd 119 13,643 Huchems Fine Chemical Corp 264 641,071 e HudBay Minerals, Inc 4,387

VALUE SHARES COMPANY (000) 312,935 Huntsman Corp $ 9,022 2,011 * Hyosung Advanced Materials Corp 680 1,465 * Hyosung Chemical Corp 402 26,643 Hyundai Development Co 266 79,597 Hyundai Steel Co 3,396 772,684 *,e IAMGOLD Corp 2,300 439,038 g Ibstock plc 1,332 436,710 Iluka Resources Ltd 2,405 58,360 IMCD Group NV 8,091 33,299 Imerys S.A. 1,619 715,710 e Impala Platinum Holdings Ltd 13,213 1,996,256 * Incitec Pivot Ltd 4,417 1,399,853 Independence Group NL 6,713 127,038 India Cements Ltd 291 646,104 Indorama Ventures PCL (Foreign) 923 116,811 *,e Industrias Penoles S.A. de C.V. 1,507 87,244 * Ingevity Corp 6,590 3,450,918 * Inner Mongolia BaoTou Steel Union Co Ltd 823 339,703 Inner Mongolia Eerduosi Resourses Co Ltd 387 520,088 Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd 421 45,056 Innospec, Inc 4,627 70,325 * Interfor Corp 1,584 516,912 International CSRC Investment Holdings Co 480 1,086,868 International Flavors & Fragrances, Inc 151,738 566,092 International Paper Co 30,609 111,351 Intertape Polymer Group, Inc 2,481 15,772 * Intrepid Potash, Inc 514 608,860 Israel Chemicals Ltd 3,569 4,035 * Israel Corp Ltd 948 627,764 * Ivanhoe Mines Ltd 3,232 328,445 * Izmir Demir Celik Sanayi AS 101 508,392 James Hardie Industries NV 15,365 40,128 * Jastrzebska Spolka Weglowa S.A. 300 22,100 JCU Corp 835 347,620 JFE Holdings, Inc 4,289 122,172 Jiangsu Shagang Co Ltd 168 13,300 Jiangsu Yangnong Chemical Co Ltd 244 1,125,115 Jiangxi Copper Co Ltd 2,161 127,909 Jiangxi Copper Co Ltd (Class A) 435 2,536,000 Jinchuan Group International Resources Co Ltd 458 991,018 * Jindal Steel & Power Ltd 4,681 23,554 JK Cement Ltd 938 167,308 Johnson Matthey plc 6,950 14,007 JSP Corp 236 193,964 JSR Corp 5,870 340,232 JSW Steel Ltd 2,191 1,447,059 e Jupiter Mines Ltd 346 194,754 K&S AG. 1,938 24,322 Kaiser Aluminum Corp 2,688 49,015 Kaneka Corp 2,017 99,794 Kansai Paint Co Ltd 2,669 117,100 Kanto Denka Kogyo Co Ltd 949 608,221 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D) 522 242,965 KAZ Minerals plc 2,903

VALUE SHARES COMPANY (000) 3,699 KCC Corp $ 780 104,057 Kemira Oyj 1,598 54,338 * KGHM Polska Miedz S.A. 2,611 31,000 KH Neochem Co Ltd 785 141,725 Kingfa Sci & Tech Co Ltd 472 1,145,599 Kinross Gold Corp 7,630 237,239 Kirkland Lake Gold Ltd 8,012 596,838 * Klabin S.A. 2,930 31,400 Koatsu Gas Kogyo Co Ltd 209 384,700 * Kobe Steel Ltd 2,608 13,317 Kolon Industries, Inc 707 32,058 Konishi Co Ltd 521 41,415 * Koppers Holdings, Inc 1,440 7,308 Korea Kumho Petrochemical 1,713 3,816 Korea Petrochemical Ind Co Ltd 1,104 7,730 Korea Zinc Co Ltd 2,799 29,201 * Koza Altin Isletmeleri AS 422 162,207 * Koza Anadolu Metal Madencilik Isletmeleri AS 275 83,702 * KPM Tech Co Ltd 215 49,579 * Kraton Corp 1,814 106,412 Kronos Worldwide, Inc 1,628 66,010 * Kuk-il Paper Manufacturing Co Ltd 340 24,763 e Kumba Iron Ore Ltd 1,020 85,648 Kumiai Chemical Industry Co Ltd 779 183,218 Kuraray Co Ltd 2,096 16,100 Kureha CORP 1,114 22,716 Kyoei Steel Ltd 341 73,882 e Labrador Iron Ore Royalty Corp 2,177 1,004,900 Lanxess AG. 74,166 32,198 *,e Largo Resources Ltd 446 1,310,927 Lee & Man Paper Manufacturing Ltd 1,209 7,707 * LEMON Co Ltd 61 13,349 e Lenzing AG. 1,712 60,431 LG Chem Ltd 43,246 6,794 LG Chem Ltd (Preference) 2,324 16,716 Linde India Ltd 413 1,343,354 Linde plc 376,327 409,461 Linde plc (Xetra) 114,855 40,800 Lintec Corp 924 85,688 *,e Lithium Americas Corp 1,377 224,398 *,e Livent Corp 3,887 43,583 Loma Negra Cia Industrial Argentina S.A. (ADR) 276 89,754 Lomon Billions Group Co Ltd 395 542,704 Long Chen Paper Co Ltd 477 1,316,066 g Lotte Chemical Titan Holding BHD 812 391,981 Louisiana-Pacific Corp 21,739 103,844 * Lucky Cement Ltd 557 101,311 * Lundin Gold, Inc 793 603,543 Lundin Mining Corp 6,210 2,215,722 * Lynas Corp Ltd 10,436 382,004 LyondellBasell Industries NV 39,748 88,116 Madras Cements Ltd 1,212 88,849 * MAG. Silver Corp 1,338 47,926 * Marrone Bio Innovations, Inc 100

101

VALUE SHARES COMPANY (000) 55,900 Maruichi Steel Tube Ltd $ 1,278 122,426 Materion Corp 8,109 67,876 Maverix Metals, Inc 356 81,180 *,e Mechel PJSC (ADR) 140 7,781,377 * Merdeka Copper Gold Tbk PT 1,157 1,624,122 Mesaieed Petrochemical Holding Co 830 555,144 Metalurgica Gerdau S.A. 1,323 67,567 e Methanex Corp 2,493 218,714 Mineral Resources Ltd 6,349 53,725 Minerals Technologies, Inc 4,047 21,364 Miquel y Costas & Miquel S.A. 386 30,094 g Mishra Dhatu Nigam Ltd 73 1,096,705 Mitsubishi Chemical Holdings Corp 8,237 93,790 Mitsubishi Gas Chemical Co, Inc 2,307 217,400 Mitsubishi Materials Corp 5,091 120,162 Mitsui Chemicals, Inc 3,803 653,264 e Mitsui Mining & Smelting Co Ltd 22,733 608,032 MMC Norilsk Nickel PJSC (ADR) 19,025 1,844,000 * MMG Ltd 1,037 434,056 Mondi plc 11,066 12,981 *,† Mongolian Metals Corporation 0 705,774 Mosaic Co 22,310 455,450 Mount Gibson Iron Ltd 264 182,142 M-real Oyj (B Shares) 1,984 44,016 Myers Industries, Inc 870 70,301 Mytilineos Holdings S.A. 1,159 63,808 Najran Cement Co 391 18,048 Namhae Chemical Corp 144 44,597 *,e Namsun Aluminum Co Ltd 155 40,000 Nan Pao Resins Chemical Co Ltd 225 4,534,887 Nan Ya Plastics Corp 12,743 206,557 Nantex Industry Co Ltd 796 697,389 National Aluminium Co Ltd 518 136,088 * National Industrialization Co 551 23,886 Navin Fluorine International Ltd 902 26,209 Neenah Inc 1,347 672,814 * New Gold, Inc 1,039 88,598 * New Pacific Metals Corp 366 927,935 Newcrest Mining Ltd 17,530 10,917 NewMarket Corp 4,150 2,253,320 Newmont Goldcorp Corp 135,808 913,581 Nickel Mines Ltd 853 42,000 Nihon Nohyaku Co Ltd 207 81,281 Nihon Parkerizing Co Ltd 879 1,561,151 Nine Dragons Paper Holdings Ltd 2,295 12,500 Nippon Fine Chemical Co Ltd 170 136,566 Nippon Kayaku Co Ltd 1,321 59,803 Nippon Light Metal Holdings Co Ltd 1,201 553,990 Nippon Paint Co Ltd 8,002 95,980 e Nippon Paper Industries Co Ltd 1,151 27,228 Nippon Shokubai Co Ltd 1,561 24,684 Nippon Soda Co Ltd 780 633,950 Nippon Steel Corp 10,820 15,800 Nippon Valqua Industries Ltd 305

102

VALUE SHARES COMPANY (000) 134,625 Nitto Denko Corp $ 11,540 124,882 NOF Corp 6,542 2,097,818 h Norsk Hydro ASA 13,474 1,272,781 * Northam Platinum Ltd 22,114 67,883 Northern Region Cement Co 236 933,237 Northern Star Resources Ltd 6,760 184,468 * Novagold Resources Inc 1,616 262,150 *,e Novagold Resources, Inc 2,286 48,742 Novolipetsk Steel PJSC (GDR) 1,554 179,957 Novozymes AS 11,515 480,024 Nucor Corp 38,532 274,499 * Nufarm Ltd 1,111 45,893 Nuh Cimento Sanayi AS. 326 548,815 Nutrien Ltd 29,576 815,691 e Nutrien Ltd (Toronto) 43,942 733,545 * OceanaGold Corp 1,092 20,396 * OCI Co Ltd 2,215 107,598 * OCI NV 2,321 147,095 * O-I Glass, Inc 2,168 462,378 OJI Paper Co Ltd 2,998 11,000 Okamoto Industries, Inc 418 201,068 e Olin Corp 7,635 13,930 Olympic Steel, Inc 410 916,448 Orbia Advance Corp SAB de C.V. 2,447 342,224 Orica Ltd 3,638 416,000 Oriental Union Chemical Corp 284 111,335 * Orion Engineered Carbons SA 2,196 143,926 *,e Orla Mining Ltd 536 301,376 * Orocobre Ltd 1,096 999,584 Orora Ltd 2,315 15,600 Osaka Organic Chemical Industry Ltd 525 13,300 Osaka Soda Co Ltd 317 14,529 Osaka Steel Co Ltd 187 5,212 *,e Osaka Titanium Technologies 45 130,404 e Osisko Gold Royalties Ltd 1,436 301,930 * Osisko Mining, Inc 706 306,447 *,e Outokumpu Oyj 1,776 342,577 Oxiana Ltd 5,975 177,364 * Oyak Cimento Fabrikalari AS 154 17,550 e Pacific Metals Co Ltd 342 13,400 Pack Corp 366 24,450 Packages Ltd 81 254,501 Packaging Corp of America 34,225 187,343 e Pact Group Holdings Ltd 502 672,806 Pactiv Evergreen, Inc 9,244 191,220 e Pan American Silver Corp (Toronto) 5,736 959,766 * Pangang Group Vanadium Titanium & Resources Co Ltd 323 1,099,852 Perenti Global Ltd 853 1,228,204 * Perseus Mining Ltd 1,004 2,749,257 * Peter Hambro Mining plc 904 1,003,075 * Petkim Petrokimya Holding 700 2,182,515 Petronas Chemicals Group BHD 4,214 57,162 PhosAgro PJSC (GDR) 996 10,866 PI Advanced Materials Co Ltd 442

103

VALUE SHARES COMPANY (000) 61,170 * Pidilite Industries Ltd $ 1,518 5,858,905 * Pilbara Minerals Ltd 4,686 93,051 Polymetal International plc (ADR) 1,820 136,960 Polyus PJSC (GDR) 12,601 4,317 * Polyus PJSC (GDR) 397 13,577 Poongsan Corp 404 220,853 Portucel Empresa Produtora de Pasta e Papel S.A. 722 64,943 POSCO 18,402 21,738 POSCO Refractories & Environment Co Ltd 3,005 993,823 PPG Industries, Inc 149,332 75,704 PQ Group Holdings, Inc 1,264 209,735 * Premier Gold Mines Ltd 464 1,112,784 Press Metal BHD 2,662 195,115 * Pretium Resources, Inc 2,025 6,104,700 PT Aneka Tambang Tbk 952 22,538,497 * PT Barito Pacific Tbk 1,493 2,262,497 PT Indah Kiat Pulp and Paper Corp Tbk 1,632 1,335,552 PT Indocement Tunggal Prakarsa Tbk 1,127 827,200 PT Pabrik Kertas Tjiwi Kimia Tbk 595 2,539,489 PT Semen Gresik Persero Tbk 1,824 1,898,500 * PT Timah Tbk 212 2,049,809 PTT Global Chemical PCL (Foreign) 4,128 33,586 Qassim Cement Co 762 2,092,819 Qatar Aluminum Manufacturing Co 678 233,563 Qatar National Cement Co 320 10,038 e Quaker Chemical Corp 2,447 455,573 Qurain Petrochemical Industries Co 595 57,514 Rallis India Ltd 200 884,401 Ramelius Resources Ltd 996 162,871 * Ranpak Holdings Corp 3,267 12,140 * Ratnamani Metals & Tubes Ltd 316 100,434 * Rayonier Advanced Materials, Inc 911 37,337 Recticel S.A. 544 516,563 Regis Resources Ltd 1,143 382,899 Reliance Steel & Aluminum Co 58,312 555,083 Rengo Co Ltd 4,828 1,103,221 * Resolute Mining Ltd 370 30,186 Rhi Magnesita NV 1,755 383,024 Rio Tinto Ltd 32,372 1,486,108 Rio Tinto plc 113,372 271,383 Rongsheng Petro Chemical Co Ltd 1,146 329,580 * Roxgold, Inc 406 528,663 e Royal Bafokeng Platinum Ltd 3,940 119,942 e Royal Gold, Inc 12,908 255,666 RPM International, Inc 23,483 28,654 * Ryerson Holding Corp 488 19,420 Sa des Ciments Vicat 942 81,511 SABIC Agri-Nutrients Co 2,140 304,845 * Sabina Gold & Silver Corp 439 148,038 Sahara International Petrochemical Co 873 13,219 Sakai Chemical Industry Co Ltd 251 45,800 Sakata INX Corp 441 67,139 Salzgitter AG. 2,097 16,684 * SAM KANG M&T Co Ltd 319

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VALUE SHARES COMPANY (000) 200,437 * Sandstorm Gold Ltd $ 1,360 11,211 Sanyo Chemical Industries Ltd 568 26,206 * Sanyo Special Steel Co Ltd 387 421,977 * Sappi Ltd 1,312 129,140 * Sasa Polyester Sanayi AS 709 504,001 * Sasol Ltd 7,283 169,246 * Saudi Arabian Mining Co 2,576 814,119 Saudi Basic Industries Corp 25,510 29,271 Saudi Cement Co 518 84,062 Saudi Industrial Investment Group 730 287,638 * Saudi Kayan Petrochemical Co 1,224 50,440 Schnitzer Steel Industries, Inc (Class A) 2,108 48,053 Schweitzer-Mauduit International, Inc 2,353 533,400 Scientex BHD 516 88,504 Scotts Miracle-Gro Co (Class A) 21,681 56,230 * Seabridge Gold, Inc 909 200,272 Seah Besteel Corp 3,300 222,594 Sealed Air Corp 10,199 8,218,300 *,† Sekawan Intipratama Tbk PT 0^ 18,413 Semapa-Sociedade de Investimento e Gestao 254 202,732 Sensient Technologies Corp 15,813 760,878 Sesa Sterlite Ltd 2,390 85,278 Severstal (GDR) 1,721 653,255 g Shandong Gold Mining Co Ltd 1,232 222,468 Shandong Gold Mining Co Ltd 727 89,929 Shandong Hualu Hengsheng Chemical Co Ltd 518 685,066 Shandong Nanshan Aluminum Co Ltd 362 42,046 Shandong Sinocera Functional Material Co Ltd 274 56,811 Shandong Sun Paper Industry JSC Ltd 137 327,000 Shanghai Chlor-Alkali Chemical Co Ltd 160 23,166 Shanghai Putailai New Energy Technology Co Ltd 338 596,263 Shanxi Taigang Stainless Steel Co Ltd 417 20,438 Shenzhen Capchem Technology Co Ltd 240 140,210 Sherwin-Williams Co 103,476 24,900 Shikoku Chemicals Corp 285 331,625 Shin-Etsu Chemical Co Ltd 56,177 46,403 Shin-Etsu Polymer Co Ltd 417 839,661 Shinkong Synthetic Fibers Corp 515 51,400 Shiny Chemical Industrial Co Ltd 209 139,900 Showa Denko KK 3,987 4,286 * Shree Cement Ltd 1,730 695,783 Siam Cement PCL (Foreign) 8,902 1,100,529 e Sibanye Stillwater Ltd 4,899 330,860 SIG Combibloc Group AG. 7,645 9,679 Sika AG. 2,768 201,290 Silgan Holdings, Inc 8,460 880,466 * Silver Lake Resources Ltd 1,005 182,717 Silvercorp Metals, Inc 900 140,845 * SilverCrest Metals, Inc 1,141 176,163 Sims Ltd 1,998 46,000 Sinoma Science & Technology Co Ltd 164 762,267 Sinopec Shanghai Petrochemical Co Ltd (Class A) 411 6,523 SK Chemicals Co Ltd (New) 1,451 16,428 SKC Co Ltd 1,878

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VALUE SHARES COMPANY (000) 100,244 Sociedad Quimica y Minera de Chile S.A. (Class B) $ 5,345 3,621 SODIFF Advanced Materials Co Ltd 1,001 308,720 Solar Applied Materials Technology Co 494 2,146,936 * SolGold plc 654 64,068 e Solvay S.A. 7,974 12,127 Songwon Industrial Co Ltd 220 139,309 Sonoco Products Co 8,818 11,968 Soulbrain Co Ltd 3,091 57,995 * Soulbrain Holdings Co Ltd 2,183 4,216,445 South32 Ltd 9,049 184,167 Southern Copper Corp (NY) 12,499 52,151 Southern Province Cement Co 1,224 22,455 SRF Ltd 1,667 235,975 Ssab Svenskt Stal AB (Series A) 1,248 618,304 Ssab Svenskt Stal AB (Series B) 2,992 200,654 SSR Mining, Inc 2,869 1,128,270 St Barbara Ltd 1,691 560,497 Steel Dynamics, Inc 28,451 36,896 Stelco Holdings, Inc 827 11,000 e Stella Chemifa Corp 318 62,687 Stella-Jones, Inc 2,543 50,009 Stepan Co 6,357 2,887 STO AG. 535 536,803 e Stora Enso Oyj (R Shares) 10,014 51,012 Sumitomo Bakelite Co Ltd 2,092 1,230,215 Sumitomo Chemical Co Ltd 6,383 840,400 Sumitomo Metal Mining Co Ltd 36,419 34,321 e Sumitomo Osaka Cement Co Ltd 1,093 9,467 Sumitomo Seika Chemicals Co Ltd 346 594,074 * Summit Materials, Inc 16,646 133,140 e SunCoke Energy, Inc 933 2,444,500 *,†,e Superb Summit International Group Ltd 3 50,422 Supreme Industries Ltd 1,411 641,117 * Suzano SA 7,808 512,390 Svenska Cellulosa AB (B Shares) 9,069 85,186 Swancor Ind Co Ltd 413 111,234 Symrise AG. 13,496 28,900 T Hasegawa Co Ltd 553 886,127 TA Chen Stainless Pipe 977 225 Taekwang Industrial Co Ltd 183 51,007 Taiheiyo Cement Corp 1,344 1,920,482 Taiwan Cement Corp 3,154 602,000 Taiwan Fertilizer Co Ltd 1,195 397,725 Taiwan Hon Chuan Enterprise Co Ltd 967 369,346 Taiwan Styrene Monomer 250 18,600 Taiyo Ink Manufacturing Co Ltd 1,016 214,004 e Taiyo Nippon Sanso Corp 4,080 13,655 Takasago International Corp 325 5,300 e Taki Chemical Co Ltd 288 61,014 Takiron Co Ltd 375 64,116 Tangshan Jidong Cement Co Ltd 152 125,454 Tata Chemicals Ltd 1,295 269,465 Tata Steel Ltd 3,006 9,046 Tayca Corp 122

106

VALUE SHARES COMPANY (000) 16,600 Tenma Corp $ 334 27,532 * Tessenderlo Chemie NV 1,209 4,911,010 * ThyssenKrupp AG. 65,591 752,000 Tiangong International Co Ltd 372 73,827 * TimkenSteel Corp 867 538,359 Tipco Asphalt PCL 356 30,609 Titan Cement International S.A. 574 99,103 Toagosei Co Ltd 1,163 17,424 Toho Titanium Co Ltd 157 1,238,129 Tokai Carbon Co Ltd 20,014 7,800 Tokushu Tokai Holdings Co Ltd 344 61,341 Tokuyama Corp 1,552 32,514 Tokyo Ohka Kogyo Co Ltd 2,040 82,804 Tokyo Steel Manufacturing Co Ltd 635 531,750 * Ton Yi Industrial Corp 223 99,078 Tongkun Group Co Ltd 313 438,400 Tongling Nonferrous Metals Group Co Ltd 179 79,710 b Tongyang, Inc 98 1,184,437 Toray Industries, Inc 7,647 88,926 * Torex Gold Resources, Inc 1,123 144,473 Tosoh Corp 2,767 5,100 Toyo Gosei Co Ltd 644 35,300 Toyo Ink Manufacturing Co Ltd 649 145,200 Toyo Seikan Kaisha Ltd 1,728 78,948 Toyobo Co Ltd 1,019 4,306,600 TPI Polene PCL 258 358,210 Transfar Zhilian Co Ltd 397 40,693 * Trecora Resources 316 39,472 Tredegar Corp 592 50,789 Trinseo S.A. 3,234 397,092 Tronox Holdings plc 7,267 393,000 TSRC Corp 391 704,259 Tung Ho Steel Enterprise Corp 1,099 105,150 *,e Turquoise Hill Resources Ltd 1,694 33,443 * UACJ Corp 809 104,526 UBE Industries Ltd 2,230 16,300 * UFP Technologies, Inc 812 105,244 Ultra Tech Cement Ltd 9,727 170,439 Umicore S.A. 9,043 36,819 Uniao de Industrias Petroquimicas S.A. 445 3,687 Unid Co Ltd 221 3,117 e United States Lime & Minerals, Inc 417 515,486 e United States Steel Corp 13,490 303,000 Universal Cement Corp 243 592,650 * UPC Technology Corp 429 197,305 UPL Ltd 1,740 451,395 UPM-Kymmene Oyj 16,222 24,868 * US Concrete, Inc 1,823 1,233,973 USI Corp 1,105 311,984 Usinas Siderurgicas de Minas Gerais S.A. (Preference) 948 3,195,729 Vale S.A. 55,624 260,885 e Valvoline, Inc 6,801 35,251 g Verallia S.A. 1,270 53,994 Verso Corp 788

107

VALUE SHARES COMPANY (000) 90,090 Victrex plc $ 2,744 20,150 Vinati Organics Ltd 387 186,620 Vinythai PCL (Foreign) 227 97,606 Voestalpine AG. 4,042 28,524 Vulcan Materials Co 4,813 83,452 W R Grace & Co 4,995 40,509 Wacker Chemie AG. 5,763 575,213 *,e Wallbridge Mining Co Ltd 279 168,696 Wanhua Chemical Group Co Ltd 2,734 81,189 Warrior Met Coal, Inc 1,391 7,568,400 Waskita Beton Precast Tbk PT 111 31,789 Weihai Guangwei Composites Co Ltd 338 144,457 * Wesdome Gold Mines Ltd 959 893,257 * West African Resources Ltd 522 1,606,491 West China Cement Ltd 275 77,340 e West Fraser Timber Co Ltd 5,564 321,510 Western Areas NL 503 423,569 * Westgold Resources Ltd 644 65,509 Westlake Chemical Corp 5,817 351,516 WestRock Co 18,296 456,286 Wheaton Precious Metals Corp 17,428 3,984,757 Wienerberger AG. 145,689 34,055 Winpak Ltd 1,221 55,809 Worthington Industries, Inc 3,744 84,215 Xiamen Tungsten Co Ltd 237 147,607 Yamama Cement Co 1,306 870,213 Yamana Gold, Inc 3,781 40,105 Yamato Kogyo Co Ltd 1,193 59,425 Yanbu Cement Co 684 104,874 Yanbu National Petrochemical Co 1,937 150,735 e Yara International ASA 7,852 245,974 Yeun Chyang Industrial Co Ltd 232 811,220 * Yieh Phui Enterprise 380 179,323 Yintai Gold Co Ltd 245 22,255 Yodogawa Steel Works Ltd 494 7,496 Youlchon Chemical Co Ltd 135 299 Young Poong Corp 154 231,000 *,†,e Youyuan International Holdings Ltd 0^ 899,849 Yuen Foong Yu Paper Manufacturing Co Ltd 993 351,936 Yule Catto & Co plc 2,251 19,641 Yunnan Energy New Material Co Ltd 337 1,082,916 Zeon Corp 17,348 895,080 Zhaojin Mining Industry Co Ltd 818 61,353 * Zhejiang Huayou Cobalt Co Ltd 650 180,000 Zhejiang Juhua Co Ltd 254 226,518 Zhejiang Longsheng Group Co Ltd 502 205,496 Zhongjin Gold Corp Ltd 263 25,005 Zignago Vetro S.p.A. 475 5,099,232 Zijin Mining Group Co Ltd 6,306 1,046,816 Zijin Mining Group Co Ltd (Class A) 1,554 TOTAL MATERIALS 6,139,877

MEDIA & ENTERTAINMENT - 7.5% 1,912,690 Activision Blizzard, Inc 177,880

108

VALUE SHARES COMPANY (000) 2,034,607 *,e Advantage Solutions, Inc $ 24,029 8,787 * Affle India Ltd 659 6,070 AfreecaTV Co Ltd 423 7,000 Akatsuki, Inc 284 5,401,173 * Alibaba Pictures Group Ltd 705 599,416 * Alphabet, Inc (Class A) 1,236,307 802,391 * Alphabet, Inc (Class C) 1,659,850 384,665 * Altice USA, Inc 12,513 558,222 *,e AMC Entertainment Holdings, Inc 5,699 38,698 * AMC Networks, Inc 2,057 19,040 Amuse, Inc 439 1,562 APG SGA S.A. 361 147,636 Arnoldo Mondadori Editore S.p.A. 270 413,708 Ascential plc 1,921 563,700 Astro Malaysia Holdings BHD 131 77,212 Atresmedia Corp de Medios de Comunicacion S.A. 319 2,604,688 *,g Auto Trader Group plc 19,915 23,323 e Autohome, Inc (ADR) 2,175 37,859 e Avex Group Holdings, Inc 468 635,299 * Baidu, Inc (ADR) 138,209 80,157 Beijing Enlight Media Co Ltd 147 39,187 Beijing Kunlun Tech Co Ltd 143 7,300 *,e Bengo4.com, Inc 576 337,700 *,e Bilibili, Inc (ADR) 36,154 1,125,083 Bollore 5,430 410,586 *,e Borussia Dortmund GmbH & Co KGaA 2,614 21,113 * Boston Omaha Corp 624 7,000 *,e Bushiroad, Inc 187 8,597 Cable One, Inc 15,718 143,200 Capcom Co Ltd 4,658 33,393 * Cardlytics, Inc 3,663 265,401 * Cargurus, Inc 6,324 107,971 * Cars.com, Inc 1,399 514,122 carsales.com Ltd 6,992 261,000 *,g Cathay Media And Education Group, Inc 234 65,181 * CD Projekt Red S.A. 3,153 317,011 * Charter Communications, Inc 195,602 25,959 Cheil Communications, Inc 489 161,865 *,† Chennai Super Kings Cricket Ltd 13 11,385 China Film Co Ltd 25 126,958 *,e,g China Literature Ltd 1,263 6,200 China South Publishing & Media Group Co Ltd 10 163,987 *,e Cinemark Holdings, Inc 3,347 65,868 *,e Cineplex Galaxy Income Fund 624 1,059,624 Cineworld Group plc 1,409 17,495 * CJ CGV Co Ltd 436 356,000 CMGE Technology Group Ltd 135 16,502 Cogeco Communications, Inc 1,549 5,538 Cogeco, Inc 427 49,918 * COLOPL, Inc 377 6,815 Com2uSCorp 1,020 13,072,329 Comcast Corp (Class A) 707,344 82,016 * comScore, Inc 300 66,700 * COOKPAD, Inc 189

109

VALUE SHARES COMPANY (000) 467,240 CyberAgent, Inc $ 8,434 104,969 Cyfrowy Polsat S.A. 785 39,831 Daiichikosho Co Ltd 1,547 1,068 * Daily Journal Corp 338 163,955 e Daily Mail & General Trust plc 2,052 181,811 *,e Dena Co Ltd 3,556 177,983 Dentsu, Inc 5,729 79,501 * DHI Group, Inc 266 25,764 Dip Corp 678 211,437 *,e Discovery, Inc (Class A) 9,189 420,964 * Discovery, Inc (Class C) 15,529 367,710 * DISH Network Corp (Class A) 13,311 262,707 * Domain Holdings Australia Ltd 842 340,264 * DouYu International Holdings Ltd (ADR) 3,542 10,514 Echo Marketing, Inc 245 635,582 Electronic Arts, Inc 86,039 338,920 * Embracer Group AB 9,311 41,276 * Emerald Holding, Inc 228 215,350 * Entercom Communications Corp (Class A) 1,131 421,437 Entravision Communications Corp (Class A) 1,703 260,096 * Eros STX Global Corp 471 111,723 Euromoney Institutional Investor plc 1,469 181,003 e Eutelsat Communications 2,202 48,318 *,e Eventbrite Inc 1,071 53,952 * EverQuote Inc 1,958 170,947 EW Scripps Co (Class A) 3,294 5,162,808 * Facebook, Inc 1,520,602 30,429 FAN Communications, Inc 113 22,478 * Fenerbahce Futbol AS 83 56,137 * Fluent, Inc 230 835,707 Focus Media Information Technology Co Ltd 1,189 453,626 Fox Corp (Class A) 16,380 215,597 Fox Corp (Class B) 7,531 20,227 * Frontier Developments plc 758 50,300 Fuji Television Network, Inc 617 447,352 Future plc 11,811 17,100 *,e GA Technologies Co Ltd 342 30,448 * Gaia, Inc 362 41,548 Gakken Co Ltd 548 110,691 *,e Gannett Co, Inc 596 2,070 G-bits Network Technology Xiamen Co Ltd 118 36,365 Giant Network Group Co Ltd 81 468,400 *,e giftee, Inc 14,852 490,201 * Glu Mobile, Inc 6,118 216,709 Gray Television, Inc 3,987 123,150 Gree, Inc 624 2,115,529 * Grupo Televisa S.A. 3,765 4,944,977 * Grupo Televisa SAB (ADR) 43,812 107,643 * GungHo Online Entertainment Inc 2,133 27,394 * Gurunavi, Inc 153 136,937 Hakuhodo DY Holdings, Inc 2,287 26,599 * Hemisphere Media Group, Inc 310 39,500 *,e Heroz, Inc 1,066 252,000 Homeland Interactive Technology Ltd 161

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VALUE SHARES COMPANY (000) 30,298 Hyundai Hy Communications & Network Co $ 129 355,470 * IAC/InterActive Corp 76,892 3,464,488 * iClick Interactive Asia Group Ltd (ADR) 40,777 361,600 *,e,g iDreamSky Technology Holdings Ltd 174 828,000 IGG, Inc 1,070 393,128 * iHeartMedia, Inc 7,135 89,500 g IMAX China Holding, Inc 199 75,974 * Imax Corp 1,527 69,910 * Info Edge India Ltd 4,109 1,417,694 Informa plc 10,946 6,757 Innocean Worldwide, Inc 368 33,099 * Inox Leisure Ltd 129 45,854 International Games System Co Ltd 1,224 672,152 Interpublic Group of Cos, Inc 19,627 39,621 IPSOS 1,495 237,455 *,e IQIYI, Inc (ADR) 3,946 9,900 ITmedia, Inc 167 8,256 * Itokuro, Inc 91 3,712,456 ITV plc 6,146 79,973 JC Decaux S.A. 2,016 4,185 * Jcontentree Corp 189 59,477 John Wiley & Sons, Inc (Class A) 3,224 22,816 e JOYY, Inc (ADR) 2,139 25,895 * Just Dial Ltd 307 563,610 *,e Juventus Football Club S.p.A. 519 19,065 JYP Entertainment Corp 602 50,862 Kadokawa Dwango Corp 1,980 63,227 * Kahoot! AS. 710 76,614 Kakaku.com, Inc 2,097 22,414 Kakao Corp 9,893 27,900 * Kamakura Shinsho Ltd 323 14,571 e Kinepolis Group NV 755 36,184 * KLab, Inc 264 26,190 Koei Tecmo Holdings Co Ltd 1,179 95,357 Konami Corp 5,693 14,577 KT Skylife Co Ltd 111 729,300 *,g Kuaishou Technology 25,329 53,022 e Lagardere S.C.A. 1,392 438,659 Leo Group Co Ltd 197 10,573 * Liberty Braves Group (Class A) 301 105,882 * Liberty Braves Group (Class C) 2,946 32,978 * Liberty Broadband Corp (Class A) 4,787 223,978 * Liberty Broadband Corp (Class C) 33,630 34,498 * Liberty Media Group (Class A) 1,318 342,657 * Liberty Media Group (Class C) 14,834 113,785 * Liberty SiriusXM Group (Class A) 5,016 232,961 * Liberty SiriusXM Group (Class C) 10,276 114,437 * Liberty TripAdvisor Holdings, Inc 730 75,308 * LIFULL Co Ltd 281 330,494 *,e Lions Gate Entertainment Corp (Class A) 4,941 160,584 * Lions Gate Entertainment Corp (Class B) 2,072 225,181 * Live Nation, Inc 19,062 521,623 *,e LiveXLive Media, Inc 2,264 23,151 Loral Space & Communications, Inc 872

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VALUE SHARES COMPANY (000) 25,311 * Madison Square Garden Entertainment Corp $ 2,070 1,398,169 * Mail.Ru Group Ltd 32,018 491,300 Major Cineplex Group PCL (Foreign) 353 40,822 Mango Excellent Media Co Ltd 364 36,169 *,e Marcus Corp 723 30,958 Marvelous, Inc 241 1,678,793 * Match Group, Inc 230,633 3,483,198 * Media Nusantara Citra Tbk PT 229 12,789 * MediaAlpha, Inc 453 499,057 * Mediaset Espana Comunicacion SA 2,964 276,894 *,e Mediaset S.p.A. 796 258,699 Megacable Holdings SAB de C.V. 927 1,646,000 *,g Meitu, Inc 530 108,824 * Meredith Corp 3,241 42,690 e Mixi Inc 1,070 375,697 *,g Mobvista, Inc 284 96,442 * Modern Times Group AB (B Shares) 1,398 62,115 Momo, Inc (ADR) 916 53,180 *,e MSG Networks, Inc 800 21,100 MTI Ltd 154 174,668 MultiChoice Group Ltd 1,521 65,779 NanJi E-Commerce Co Ltd 92 109,970 National CineMedia, Inc 508 48,142 Naver Corp 16,118 6,396 NCsoft 4,944 9,643 * Neowiz 200 174,634 NetDragon Websoft, Inc 447 162,819 e NetEase, Inc 16,813 876,860 * Netflix, Inc 457,423 8,387 g Netmarble Corp 960 4,141 New Work SE 1,076 227,127 e New York Times Co (Class A) 11,497 1,231,969 News Corp (Class A) 31,329 171,975 News Corp (Class B) 4,035 294,060 Nexon Co Ltd 9,542 66,059 Nexstar Media Group Inc 9,277 7,253 * NHN Corp 466 1,519,344 Nine Entertainment Co Holdings Ltd 3,211 225,330 Nintendo Co Ltd 127,004 56,600 Nippon Television Network Corp 744 75,230 Nordic Entertainment Group AB 3,345 288,768 Omnicom Group, Inc 21,412 551,396 * oOh!media Ltd 734 17,400 OPT, Inc 316 99,796 Oriental Pearl Group Co Ltd 146 109,805 Paradox Interactive AB 2,477 2,244 * Pearl Abyss Corp 613 633,468 Pearson plc 6,755 36,434 Perfect World Co Ltd 110 640,830 * Pinterest, Inc 47,441 1,523,405 Plan B Media PCL 357 106,911 * Playtika Holding Corp 2,909 1,055 PlayWay S.A. 146 105,100 *,e PR Times, Inc 3,376

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 244,140 * Promotora de Informaciones S.A. 279 223,313 ProSiebenSat. Media AG. 4,561

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VALUE SHARES COMPANY (000) 61,008 Proto Corp $ 647 182,423 Publicis Groupe S.A. 11,125 34,860 * PVR Ltd 588 157,029 Quebecor, Inc 4,216 108,286 * QuinStreet, Inc 2,198 51,914 *,e Qutoutiao, Inc (ADR) 119 86,504 g RAI Way S.p.A 488 44,242 REA Group Ltd 4,788 1,571,723 Rightmove plc 12,612 185,752 * Roku, Inc 60,512 50,600 e,g Rovio Entertainment Oyj 394 22,453 * RPA Holdings, Inc 132 339,400 * RS PCL 316 273,152 * S4 Capital plc 1,905 2,573 *,e Saga Communications, Inc 56 74,365 Sanoma-WSOY Oyj 1,249 27,448 * Saudi Research & Marketing Group 570 107,490 Schibsted ASA 4,518 82,408 Schibsted ASA (B Shares) 2,954 44,195 Scholastic Corp 1,331 283,160 g Scout24 AG. 21,481 185,920 * Sea Ltd (ADR) 41,503 463,012 * Seek Ltd 10,092 2,312,600 Septeni Holdings Co Ltd 10,205 356,397 SES S.A. 2,827 424,241 Shaw Communications, Inc (B Shares) 11,032 9,001 * Shochiku Co Ltd 1,118 69,219 e Sinclair Broadcast Group, Inc (Class A) 2,025 1,802,500 e Singapore Press Holdings Ltd 2,054 1,635,517 e Sirius XM Holdings, Inc 9,960 483,258 Sky Perfect Jsat Corp 2,151 14,103 * SM Entertainment Co 370 617,600 *,†,e SMI Holdings Group Ltd 1 45,797 Smiles Fidelidade S.A. 173 210,645 * Snap, Inc 11,015 47,454 e Societe Television Francaise 1 432 47,540 Soft-World International Corp 198 22,341 * Sohu.com Ltd (ADR) 351 296,322 * Southern Cross Media Group 469 135,856 *,e So-Young International, Inc (ADR) 1,341 208,756 * Spotify Technology S.A. 55,936 40,700 Square Enix Co Ltd 2,264 303,260 * Stillfront Group AB 2,803 36,391 * Storytel AB 966 29,134 Stroer Out-of-Home Media AG. 2,374 12,814,300 * Surya Citra Media Tbk PT 1,503 676,596 * Take-Two Interactive Software, Inc 119,554 3,034 * Tamedia AG. 243 125,573 * Team17 Group plc 1,393 80,117 * TechTarget, Inc 5,564 553,634 TEGNA, Inc 10,425 46,448 e Telenet Group Holding NV 1,883 569,862 h Television Broadcasts Ltd 593 2,729 TEN Square Games S.A. 357

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 8,204,759 Tencent Holdings Ltd 654,801 144,497 *,e Tencent Music Entertainment (ADR) 2,961

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VALUE SHARES COMPANY (000) 8,400 e Toei Animation Co Ltd $ 901 5,684 Toei Co Ltd 1,228 48,845 Toho Co Ltd 1,985 36,600 Tokyo Broadcasting System, Inc 720 131,200 * Tongdao Liepin Group 370 23,554 * Tribune Publishing Co 424 142,169 * TripAdvisor, Inc 7,647 159,603 * TrueCar, Inc 764 24,551 TV Asahi Corp 463 6,500 TV Tokyo Corp 140 379,786 * TV18 Broadcast Ltd 150 1,689,593 * Twitter, Inc 107,509 251,060 * Ubisoft Entertainment 19,082 10,900 *,e UUUM Co Ltd 182 17,458 ValueCommerce Co Ltd 569 32,335 * Vector, Inc 380 2,738,500 VGI PCL 637 13,930 n ViacomCBS, Inc (Class A) 657 781,836 e,n ViacomCBS, Inc (Class B) 35,261 864,621 Vivendi Universal S.A. 28,380 4,150,063 * Walt Disney Co 765,770 16,176 * Webzen, Inc 595 23,226 *,e Weibo Corp (ADR) 1,172 6,898 WeMade Entertainment Co Ltd 367 287,988 *,e WideOpenWest, Inc 3,914 73,591 e World Wrestling Entertainment, Inc (Class A) 3,993 1,400 Wowow, Inc 36 1,536,047 WPP plc 19,575 57,323 Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd 192 68,600 * XD, Inc 418 866,267 * Yandex NV 55,493 223,524 * Yelp, Inc 8,717 7,671 * YG Entertainment, Inc 303 512,840 YouGov plc 7,088 2,220,039 Z Holdings Corp 11,074 356,127 ZEE Telefilms Ltd 994 35,450 Zenrin Co Ltd 426 508,113 * Zhejiang Century Huatong Group Co Ltd 555 63,000 ZIGExN Co Ltd 250 83,807 * Zillow Group, Inc (Class A) 11,011 234,954 *,e Zillow Group, Inc (Class C) 30,459 1,398,037 * Zynga, Inc 14,274 TOTAL MEDIA & ENTERTAINMENT 9,856,613

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.3% 259,442 * 10X Genomics, Inc 46,959 535,151 *,g 3SBio, Inc 474 5,006 * 4D Molecular Therapeutics, Inc 217 43,178 *,e 89bio, Inc 1,022 33,450 Aarti Drugs Ltd 318 28,806 *,e AB Science S.A. 505 5,459,421 AbbVie, Inc 590,819 220,428 * Abcam plc 4,227 47,437 *,e Abeona Therapeutics, Inc 89

114

VALUE SHARES COMPANY (000) 510,779 * Acadia Pharmaceuticals, Inc $ 13,178 84,518 * Acceleron Pharma, Inc 11,461 152,213 *,e AcelRx Pharmaceuticals, Inc 259 124,450 * Adaptive Biotechnologies Corp 5,010 39,398 Adcock Ingram Holdings Ltd 118 227,000 * Adimmune Corp 454 721,798 *,e ADMA Biologics, Inc 1,270 173,592 * Adverum Biotechnologies, Inc 1,712 29,721 * Aeglea BioTherapeutics, Inc 235 90,988 *,e Aerie Pharmaceuticals, Inc 1,626 218,328 * Affimed NV 1,727 275,021 *,e Agenus, Inc 748 53,814 *,e Agile Therapeutics, Inc 112 70,637 Agilent Technologies, Inc 8,981 96,365 *,e Agios Pharmaceuticals, Inc 4,976 19,335 Ajanta Pharma Ltd 475 102,754 * Akebia Therapeutics, Inc 348 11,050 *,e Akero Therapeutics, Inc 321 17,329 *,e Akouos, Inc 240 15,436 * Albireo Pharma, Inc 544 75,281 *,†,e Alder Biopharmaceuticals Inc 66 73,805 *,e Alector, Inc 1,486 45,095 * Alembic Pharmaceuticals Ltd 596 249,439 * Alexion Pharmaceuticals, Inc 38,142 6,966 *,e Aligos Therapeutics, Inc 158 6,741 * ALK-Abello AS 2,560 721,496 * Alkermes plc 13,478 37,272 * Allakos, Inc 4,278 507,032 Alliance Pharma plc 657 68,637 * Allogene Therapeutics, Inc 2,423 27,097 *,e Allovir, Inc 634 73,674 Almirall S.A. 1,117 184,438 * Alnylam Pharmaceuticals, Inc 26,041 10,637 * Alteogen, Inc 846 38,560 *,e ALX Oncology Holdings, Inc 2,843 599,440 Amgen, Inc 149,147 10,710 * Amicogen, Inc 360 753,978 * Amicus Therapeutics, Inc 7,449 1,020,985 * Amneal Pharmaceuticals, Inc 6,871 60,764 * Amphastar Pharmaceuticals, Inc 1,113 81,474 * AnaptysBio, Inc 1,756 90,331 *,e Anavex Life Sciences Corp 1,350 123,072 *,e AnGes MG, Inc 1,191 3,362 * Angion Biomedica Corp 61 16,655 *,e ANI Pharmaceuticals, Inc 602 21,929 * Anika Therapeutics, Inc 894 24,784 *,e Annexon, Inc 690 4,695 * Anterogen Co Ltd 204 1,287,120 *,† Anxin-China Holdings Ltd 2 75,928 * Apellis Pharmaceuticals, Inc 3,258 36,271 Apeloa Pharmaceutical Co Ltd 158 286,413 *,e Aphria, Inc 5,262 49,815 *,e Applied Genetic Technologies Corp 253 18,848 * Applied Molecular Transport, Inc 830

115

VALUE SHARES COMPANY (000) 61,052 *,e Aptinyx, Inc $ 183 183,799 *,e Aquestive Therapeutics, Inc 956 9,590 *,e Aravive Inc 63 19,126 *,e Arcturus Therapeutics Holdings, Inc 790 48,648 * Arcus Biosciences, Inc 1,366 118,704 *,e Arcutis Biotherapeutics, Inc 3,434 146,407 * Ardelyx, Inc 969 142,607 * Arena Pharmaceuticals, Inc 9,896 67,939 * Argenx SE 18,681 11,962 * Argenx SE 3,288 181,854 *,e Arrowhead Pharmaceuticals Inc 12,059 112,614 * Arvinas, Inc 7,444 272,000 *,g Ascletis Pharma, Inc 98 20,596 ASKA Pharmaceutical Co Ltd 275 149,981 * Aspen Pharmacare Holdings Ltd 1,465 36,914 * Assembly Biosciences, Inc 170 1,085,984 Astellas Pharma, Inc 16,729 3,627 AstraZeneca Pharma India Ltd 150 4,048,987 AstraZeneca plc 404,123 1,298,971 e AstraZeneca plc (ADR) 64,585 6,016 Asymchem Laboratories Tianjin Co Ltd 266 344,776 * Atara Biotherapeutics, Inc 4,951 12,883 * Atea Pharmaceuticals, Inc 796 49,162 *,e Athenex, Inc 211 143,572 *,e Athersys, Inc 258 9,187 * Athira Pharma, Inc 169 37,689 *,e Atreca, Inc 578 112,152 *,e Aurinia Pharmaceuticals, Inc 1,458 544,393 Aurobindo Pharma Ltd 6,579 231,211 *,e Aurora Cannabis, Inc 2,151 1,084,110 * Avacta Group plc 3,288 3,537,562 * Avantor, Inc 102,342 5,456 *,e Avenue Therapeutics, Inc 33 18,243 *,e AVEO Pharmaceuticals, Inc 134 500,082 *,e Avid Bioservices, Inc 9,117 23,866 *,e Avidity Biosciences, Inc 521 25,291 * Avrobio, Inc 321 15,938 *,e Axcella Health, Inc 76 198,877 * Axsome Therapeutics, Inc 11,260 237,935 *,e Aytu BioScience, Inc 1,808 1,353 * Aziyo Biologics, Inc 19 5,433 Bachem Holding AG. 2,326 11,894 *,e Basilea Pharmaceutica 584 291,096 * Bausch Health Cos, Inc 9,235 59,575 *,e Bavarian Nordic AS 2,686 1,383,199 Bayer AG. 87,657 44,034 *,e Beam Therapeutics, Inc 3,524 25,858 * BeiGene Ltd (ADR) 9,001 35,391 Beijing Tiantan Biological Products Corp Ltd 177 190,000 Beijing Tong Ren Tang Chinese Medicine Co Ltd 260 38,388 *,e Berkeley Lights, Inc 1,928 6,761 Betta Pharmaceuticals Co Ltd 110 102,287 *,e Beyondspring Inc 1,132 10,620 BGI Genomics Co Ltd 200

116

VALUE SHARES COMPANY (000) 9,603 * BioAtla, Inc $ 488 161,693 * Biocon Ltd 906 461,509 *,e BioCryst Pharmaceuticals, Inc 4,694 578,886 * BioDelivery Sciences International, Inc 2,263 17,894 Biogaia AB (B Shares) 840 239,738 * Biogen, Inc 67,067 78,651 * Biohaven Pharmaceutical Holding Co Ltd 5,376 439,620 * BioMarin Pharmaceutical, Inc 33,196 13,830 * Bioneer Corp 199 1 * BioNTech SE (ADR) 0^ 21,696 * Bio-Rad Laboratories, Inc (Class A) 12,392 64,495 Biotage AB 1,137 24,027 Bio-Techne Corp 9,177 15,645 *,e Bioxcel Therapeutics Inc 675 12,647 *,e Black Diamond Therapeutics, Inc 307 114,326 * Bluebird Bio, Inc 3,447 75,313 * Blueprint Medicines Corp 7,323 5,035 Boiron S.A. 211 8,231 *,e Bolt Biotherapeutics, Inc 271 51,293 *,e,g BoneSupport Holding AB 352 17,350 Boryung Pharmaceutical Co Ltd 320 23,647 *,e BrainStorm Cell Therapeutics, Inc 91 107,836 *,e Bridgebio Pharma, Inc 6,643 4,099,723 Bristol-Myers Squibb Co 258,816 28,889 Bruker BioSciences Corp 1,857 27,572 Bukwang Pharmaceutical Co Ltd 577 71,156 *,e C4 Therapeutics, Inc 2,632 41,527 *,e Cabaletta Bio, Inc 461 49,785 * Calithera Biosciences, Inc 120 29,479 *,e Calliditas Therapeutics AB 411 11,271 *,e Calyxt, Inc 68 28,197 * Camurus AB 673 203,759 *,e Canopy Growth Corp (Toronto) 6,544 28,475 *,g CanSino Biologics, Inc 1,080 92,875 *,e Cantargia AB 329 215,103 *,e Cara Therapeutics, Inc 4,670 161,860 * CareDx, Inc 11,021 2,312 Caregen Co Ltd 134 90,864 * CASI Pharmaceuticals, Inc 218 141,219 *,e Cassava Sciences, Inc 6,348 27,495 *,e Catabasis Pharmaceuticals, Inc 79 752,053 * Catalent, Inc 79,199 60,870 * Catalyst Biosciences, Inc 307 234,882 * Catalyst Pharmaceuticals, Inc 1,083 42,357 * Cellectis S.A. 841 25,673 *,e CELLINK AB 1,103 9,356 * Cellivery Therapeutics, Inc 1,057 2,000 * CellSource Co Ltd 220 6,807 * Celltrion Pharm Inc 908 83,119 * Celltrion, Inc 23,956 25,603 *,e CEL-SCI Corp 389 242,765 Center Laboratories, Inc 583 15,339 * Centogene NV 186 110,890 *,e Cerecor Inc 335

117

VALUE SHARES COMPANY (000) 9,714 Changchun High & New Technology Industry Group, Inc $ 674 88,838 * Charles River Laboratories International, Inc 25,748 189,684 *,e Charlottes Web Holdings, Inc 854 7,515 *,e Checkmate Pharmaceuticals, Inc 91 45,111 *,e Checkpoint Therapeutics Inc 142 200,585 * ChemoCentryx, Inc 10,278 44,144 Chemometec A.S. 4,175 20,034 Chengdu Kanghong Pharmaceutical Group Co Ltd 90 39,707 * Chiasma, Inc 124 171,424 *,e Chimerix, Inc 1,653 1,212,000 e China Grand Pharmaceutical and Healthcare Holdings Ltd 962 534,660 China Medical System Holdings Ltd 1,062 646,393 g China Resources Pharmaceutical Group Ltd 404 12,220 China Resources Sanjiu Medical & Pharmaceutical Co Ltd 46 584,560 China Shineway Pharmaceutical Group Ltd 388 16,247 *,e Chinook Therapeutics, Inc 252 2,011 Chong Kun Dang Pharm Corp 185 5,207 Chong Kun Dang Pharmaceutical Corp 639 37,980 Chongqing Zhifei Biological Products Co Ltd 1,006 9,183 Choongwae Pharma Corp 241 32,052 *,e ChromaDex Corp 299 383,406 Chugai Pharmaceutical Co Ltd 15,579 92,768 *,e Cidara Therapeutics, Inc 247 272,788 * Cipla Ltd 3,048 3,094,000 e CK Life Sciences International Holdings, Inc 328 128,547 Clinigen Group plc 1,374 35,710 Clinuvel Pharmaceuticals Ltd 736 181,796 *,e Clovis Oncology, Inc 1,276 76,893 * CMG Pharmaceutical Co Ltd 298 175,151 * Codexis, Inc 4,009 4,397 * Codiak Biosciences, Inc 66 25,782 *,e Cohbar, Inc 35 156,182 *,e Coherus Biosciences, Inc 2,282 27,250 * Collegium Pharmaceutical, Inc 646 86,597 *,e Compugen Ltd 744 47,767 * Concert Pharmaceuticals, Inc 238 22,847 * Constellation Pharmaceuticals, Inc 534 324,126 Consun Pharmaceutical Group Ltd 167 20,901 *,e ContraFect Corp 100 55,568 *,e Corbus Pharmaceuticals Holdings, Inc 109 110,834 * Corcept Therapeutics, Inc 2,637 121,676 *,e CorMedix Inc 1,216 11,904 *,e Cortexyme Inc 429 8,508 *,e COSMO Pharmaceuticals NV 748 47,907 * Crinetics Pharmaceuticals, Inc 732 33,706 * CRISPR Therapeutics AG. 4,107 204,127 *,e Cronos Group, Inc 1,930 30,902 * CrystalGenomics, Inc 390 376,507 CSL Ltd 76,094 3,552,054 CSPC Pharmaceutical Group Ltd 4,319 549,500 *,e,g CStone Pharmaceuticals 657 21,663 * Cue Biopharma, Inc 264 10,435 * Cullinan Oncology, Inc 435

VALUE SHARES COMPANY (000) 108,929 *,e Cymabay Therapeutics, Inc $ 495 105,807 *,e Cytokinetics, Inc 2,461 41,891 * CytomX Therapeutics, Inc 324 95,247 Da An Gene Co Ltd of Sun Yat-Sen University 442 10,755 Daewon Pharmaceutical Co Ltd 153 17,860 Daewoong Co Ltd 518 3,602 Daewoong Pharmaceutical Co Ltd 427 5,974,384 Daiichi Sankyo Co Ltd 174,307 12,201 Daito Pharmaceutical Co Ltd 397 677,419 Dechra Pharmaceuticals plc 32,032 4,477 * Decibel Therapeutics, Inc 51 46,311 * Deciphera Pharmaceuticals, Inc 2,077 88,518 * Denali Therapeutics, Inc 5,054 22,852 Dermapharm Holding SE 1,635 17,541 *,e DermTech, Inc 891 139,758 * Dicerna Pharmaceuticals, Inc 3,574 52,295 * Divi S Laboratories Ltd 2,595 2,505 Dong-A Pharmaceutical Co Ltd 239 3,983 Dong-A ST Co Ltd 295 17,671 Dong-E-E-Jiao Co Ltd 102 18,276 DongKook Pharmaceutical Co Ltd 453 14,841 * Dongsung Pharmaceutical Co Ltd 156 13,513 Dongwha Pharm Co Ltd 170 238,873 Dr Reddy’s Laboratories Ltd 14,778 96,374 e Dr Reddys Laboratories Ltd (ADR) 5,916 270,900 Duopharma Biotech Bhd 180 331,759 * Durect Corp 657 14,916 *,e Dyadic International, Inc 82 170,497 *,e Dynavax Technologies Corp 1,676 10,901 * Dyne Therapeutics, Inc 169 7,780 * Eagle Pharmaceuticals, Inc 325 160,669 * Ecofibre Ltd 147 142,338 *,e Editas Medicine, Inc 5,978 25,796 * Eiger BioPharmaceuticals, Inc 228 447,818 Eisai Co Ltd 30,100 515,094 * Elanco Animal Health, Inc 15,170 1,557,608 Eli Lilly & Co 290,992 20,429 *,e Eloxx Pharmaceuticals, Inc 68 99,819 * Emergent Biosolutions, Inc 9,274 27,797 *,e Enanta Pharmaceuticals, Inc 1,371 270,214 *,e Endo International plc 2,002 9,427 *,e Enochian Biosciences Inc 33 4,914 * Enzychem Lifesciences Corp 531 33,862 * Eone Diagnomics Genome Center Co Ltd 148 93,244 *,e Epizyme, Inc 812 29,600 EPS Co Ltd 303 39,199 * Ergomed plc 648 27,577 g Eris Lifesciences Ltd 229 56,220 *,e Esperion Thereapeutics, Inc 1,577 246,000 e Essex Bio-technology Ltd 165 12,587 *,e Eton Pharmaceuticals, Inc 92 18,826 * Eubiologics Co Ltd 343 212,190 Eurofins Scientific SE 20,281 4,885 * Eutilex Co Ltd 171

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VALUE SHARES COMPANY (000) 18,652 *,e Evolus, Inc $ 242 142,537 * Evotec AG. 5,136 263,975 * Exact Sciences Corp 34,787 466,341 *,e Exelixis, Inc 10,535 82,376 *,e Exicure, Inc 180 527,447 Faes Farma S.A. (Sigma) 2,261 157,954 * Fate Therapeutics, Inc 13,023 32,059 * FDC Ltd 126 45,224 *,e Fennec Pharmaceuticals, Inc 281 91,451 * FibroGen, Inc 3,174 135,615 *,e Five Prime Therapeutics, Inc 5,109 138,674 *,e Flexion Therapeutics, Inc 1,241 299,333 *,e Fluidigm Corp 1,353 4,671 * Foghorn Therapeutics, Inc 62 61,709 * Forma Therapeutics Holdings, Inc 1,729 60,713 *,e Fortress Biotech, Inc 214 19,009 *,e Frequency Therapeutics, Inc 181 15,900 Fuji Pharma Co Ltd 183 103,742 *,e Fulcrum Therapeutics, Inc 1,222 213,802 *,e G1 Therapeutics, Inc 5,144 2,889 * Galapagos NV 224 33,351 *,e Galectin Therapeutics, Inc 72 6,797 * Galera Therapeutics, Inc 60 29,933 * GeneOne Life Science, Inc 310 35,144 *,e Generation Bio Co 1,000 25,400 * Genetron Holdings Ltd (ADR) 545 13,838 * Genexine Co Ltd 1,175 242,476 * Genmab A.S. (ADR) 7,960 131,082 * Genmab AS 43,112 603,156 *,e Genomma Lab Internacional S.A. de C.V. 608 23,544 *,e Genprex, Inc 101 447,386 * Genscript Biotech Corp 792 80,364 Genus plc 5,382 440,618 *,e Geron Corp 696 32,765 Gerresheimer AG. 3,254 3,068,492 Gilead Sciences, Inc 198,317 1,443,793 GlaxoSmithKline plc 25,559 231,710 Glenmark Pharmaceuticals Ltd 1,477 251,267 * Global Blood Therapeutics, Inc 10,239 353,285 *,e GlycoMimetics, Inc 1,063 39,901 *,e GNI Group Ltd 786 213,968 *,e Gossamer Bio, Inc 1,979 94,975 Granules India Ltd 395 4,341 *,e Graybug Vision, Inc 24 4,877 Green Cross Cell Corp 181 4,437 Green Cross Corp 1,419 15,691 Green Cross Holdings Corp 486 4,129 Green Cross LabCell Corp 372 20,365 e Grifols S.A. 533 40,756 *,e Gritstone Oncology, Inc 384 17,531 * G-treeBNT Co Ltd 183 12,812 Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd 55 8 * GW Pharmaceuticals plc 0^ 4,571 H Lundbeck AS 156

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VALUE SHARES COMPANY (000) 24,414 * Hanall Biopharma Co Ltd $ 495 7,082 Handok Pharmaceuticals Co Ltd 172 319,270 Hangzhou Tigermed Consulting Co Ltd 7,356 116,253 *,g Hangzhou Tigermed Consulting Co Ltd (Hong Kong) 2,315 2,407 Hanmi Pharm Co Ltd 675 31,562 * Hansa Biopharma AB 549 1,119,839 *,g Hansoh Pharmaceutical Group Co Ltd 5,372 42,231 *,e Harmony Biosciences Holdings, Inc 1,395 71,718 * Harpoon Therapeutics, Inc 1,500 18,717 *,e Harrow Health, Inc 126 52,793 * Harvard Bioscience, Inc 288 23,000 *,e HEALIOS KK 348 23,908 * Helixmith Co Ltd 547 219,649 *,e Heron Therapeutics, Inc 3,561 13,903 Hikma Pharmaceuticals plc 436 74,134 Hisamitsu Pharmaceutical Co, Inc 4,837 24,247 * Homology Medicines, Inc 228 32,630 *,e Hookipa Pharma, Inc 439 1,100,575 * Horizon Therapeutics Plc 101,297 2,548,684 *,†,e Hua Han Health Industry Holdings Ltd 20 48,020 Hualan Biological Engineering, Inc 292 47,135 Hubei Jumpcan Pharmaceutical Co Ltd 144 4,757 * Hugel, Inc 752 33,454 Humanwell Healthcare Group Co Ltd 157 4,362 Huons Co Ltd 217 4,233 Huons Global Co Ltd 115 30,543 * Hutchison China MediTech Ltd (ADR) 863 144,544 Hypermarcas S.A. 823 165,608 *,e iBio, Inc 255 63,197 *,e ICON plc 12,410 36,949 * Ideaya Biosciences, Inc 868 109,662 *,e Idorsia Ltd 2,942 6,149 *,e IGM Biosciences, Inc 472 7,562 * Il Dong Pharmaceutical Co Ltd 106 458,116 * Illumina, Inc 175,944 44,979 Ilyang Pharmaceutical Co Ltd 1,321 14,913 *,e IMARA, Inc 126 28,444 * Immunic, Inc 453 22,640 *,e ImmunityBio, Inc 537 378,891 * Immunogen, Inc 3,069 1,342 *,e Immunome, Inc 45 109,000 * Immunotech Biopharm Ltd 236 86,740 * Immunovant, Inc 1,391 241,895 * Incyte Corp 19,659 800,583 * Indivior plc 1,402 5,439 * Inhibrx, Inc 109 66,526 *,e Innate Pharma S.A. 291 984,000 *,g InnoCare Pharma Ltd 2,313 1,181,573 *,g Innovent Biologics, Inc 12,084 237,840 *,e Innoviva, Inc 2,842 597,665 *,e Inovio Pharmaceuticals, Inc 5,546 8,469 * Inozyme Pharma, Inc 168 181,641 * Insmed, Inc 6,187 137,797 * Intellia Therapeutics, Inc 11,059

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 19,119 * Intercept Pharmaceuticals, Inc 441 131,133 * Intra-Cellular Therapies, Inc 4,449

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VALUE SHARES COMPANY (000) 19,971 * iNtRON Biotechnology, Inc $ 457 299,736 *,e Invitae Corp 11,453 15,314 IOL Chemicals and Pharmaceuticals Ltd 116 369,973 * Ionis Pharmaceuticals, Inc 16,634 203,377 * Iovance Biotherapeutics, Inc 6,439 27,189 Ipca Laboratories Ltd 709 2,819 Ipsen 242 516,015 * IQVIA Holdings, Inc 99,663 461,135 * Ironwood Pharmaceuticals, Inc 5,155 45,074 * iTeos Therapeutics, Inc 1,541 163,648 * IVERIC bio, Inc 1,011 329,276 *,e Jazz Pharmaceuticals plc 54,123 29,080 JB Chemicals & Pharmaceuticals Ltd 501 58,244 JCR Pharmaceuticals Co Ltd 1,888 3,626 Jeil Pharmaceutical Co Ltd 129 8,528 * JETEMA Co Ltd 148 125,997 Jiangsu Hengrui Medicine Co Ltd 1,779 31,766 Jilin Aodong Pharmaceutical Group Co Ltd 77 12,415 Jinyu Bio-Technology Co Ltd 36 4,972,086 Johnson & Johnson 817,162 39,658 Joincare Pharmaceutical Group Industry Co Ltd 78 84,416 * Jounce Therapeutics, Inc 867 54,607 * Jubilant Organosys Ltd 510 151,737 * Kadmon Holdings, Inc 590 67,679 Kaken Pharmaceutical Co Ltd 2,652 160,461 *,e Kala Pharmaceuticals, Inc 1,082 7,182,506 Kalbe Farma Tbk PT 776 19,701 *,e Kaleido Biosciences Inc 160 23,598 * KalVista Pharmaceuticals Inc 606 72,227 *,e Karo Pharma AB 424 20,431 *,e Karuna Therapeutics, Inc 2,456 247,540 *,e Karyopharm Therapeutics, Inc 2,604 64,147 * Keros Therapeutics, Inc 3,948 87,902 * Kezar Life Sciences, Inc 524 32,738 * Kindred Biosciences, Inc 163 19,157 * Kiniksa Pharmaceuticals Ltd 355 8,593 * Kinnate Biopharma, Inc 268 22,300 Kissei Pharmaceutical Co Ltd 494 108,944 * Knight Therapeutics, Inc 471 37,529 * Kodiak Sciences, Inc 4,255 28,385 * Komipharm International Co Ltd 258 6,701 Korea United Pharm Inc 294 9,896 *,e Kronos Bio, Inc 290 11,210 * Krystal Biotech Inc 864 65,016 * Kura Oncology, Inc 1,838 23,675 Kwang Dong Pharmaceutical Co Ltd 180 9,412 * Kymera Therapeutics, Inc 366 35,881 Kyorin Co Ltd 626 221,415 Kyowa Hakko Kogyo Co Ltd 6,631 10,639 L&C Bio Co Ltd 315 87,070 *,e La Jolla Pharmaceutical Co 369 3,176 * Landos Biopharma, Inc 31 56,996 *,e Lannett Co, Inc 301 409,906 g Laurus Labs Ltd 2,034

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 177,500 Lee’s Pharmaceutical Holdings Ltd 136 12,709 * LegoChem Biosciences, Inc 634

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VALUE SHARES COMPANY (000) 167,311 * Lexicon Pharmaceuticals, Inc $ 982 30,411 * Ligand Pharmaceuticals, Inc (Class B) 4,636 31,419 *,e Liquidia Corp 85 6,117 Livzon Pharmaceutical Group, Inc 39 16,240 *,e LogicBio Therapeutics, Inc 118 321,911 Lonza Group AG. 180,045 70,000 * Lotus Pharmaceutical Co Ltd 191 107,171 e Luminex Corp 3,419 87,847 Lupin Ltd 1,229 1,354,000 g Luye Pharma Group Ltd 867 17,913 *,e Lyra Therapeutics, Inc 208 25,778 Maccura Biotechnology Co Ltd 160 135,203 * MacroGenics, Inc 4,306 6,313 *,e Madrigal Pharmaceuticals, Inc 738 76,463 * Magenta Therapeutics, Inc 905 889,534 *,e MannKind Corp 3,487 198,252 * Maravai LifeSciences Holdings, Inc 7,066 20,850 *,e Marinus Pharmaceuticals, Inc 323 24,518 *,e Marker Therapeutics Inc 55 3,143,484 * Mayne Pharma Group Ltd 838 38,034 *,e MediciNova, Inc 192 102,000 * Medigen Vaccine Biologics Corp 1,033 75,267 * Medpace Holdings, Inc 12,348 8,510 * MedPacto, Inc 672 3,539 Medy-Tox, Inc 594 273,130 Mega Lifesciences PCL 299 89,413 * MEI Pharma, Inc 307 33,842 * MeiraGTx Holdings plc 488 6,017,957 Merck & Co, Inc 463,924 215,631 Merck KGaA 36,885 5,383 Merck Ltd 457 83,775 * Mersana Therapeutics, Inc 1,355 473,074 *,e Mesoblast Ltd 783 3,798 * Metacrine, Inc 24 40,138 * Mettler-Toledo International, Inc 46,387 5,069 * Mezzion Pharma Co Ltd 680 26,279 *,e Minerva Neurosciences, Inc 77 60,048 * Mirati Therapeutics, Inc 10,286 4,291 *,e Mirum Pharmaceuticals, Inc 85 16,004 *,e Mithra Pharmaceuticals S.A. 508 26,375 Mochida Pharmaceutical Co Ltd 1,024 8,800 *,e Modalis Therapeutics Corp 167 294,100 * Moderna, Inc 38,512 21,122 *,e Molecular Partners AG. 511 20,210 * Molecular Templates, Inc 255 26,953 * Morphic Holding, Inc 1,706 41,022 * Morphosys AG. 3,573 624,606 *,e Mustang Bio, Inc 2,074 111,158 * Myriad Genetics, Inc 3,385 11,683 Nanjing King-Friend Biochemical Pharmaceutical Co Ltd 71 144,618 * NanoString Technologies, Inc 9,503 69,621 Natco Pharma Ltd 788 254,648 * Natera, Inc 25,857 196,337 *,e Nektar Therapeutics 3,927

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VALUE SHARES COMPANY (000) 42,402 *,e Neoleukin Therapeutics, Inc $ 522 44,366 *,e Neubase Therapeutics, Inc 328 5,364 * NeuroBo Pharmaceuticals, Inc 24 141,023 * Neurocrine Biosciences, Inc 13,714 4,119 * NexImmune, Inc 79 17,703 *,e NextCure Inc 177 70,605 * NGM Biopharmaceuticals Inc 2,052 51,702 e Nichi-iko Pharmaceutical Co Ltd 466 21,100 Nippon Shinyaku Co Ltd 1,571 30,540 *,e Nkarta, Inc 1,005 22,474 * NKMax Co Ltd 360 84,018 * Novacyt S.A. 824 1,243,454 Novartis AG. 106,291 149,087 *,e Novavax, Inc 27,031 1,379,147 Novo Nordisk AS 92,932 47,276 *,e Nurix Therapeutics, Inc 1,470 32,539 *,e Nymox Pharmaceutical Corp 72 98,963 * OBI Pharma, Inc 522 71,499 *,e Ocular Therapeutix, Inc 1,173 7,773 * Olema Pharmaceuticals, Inc 258 90,608 *,e Omeros Corp 1,613 185,874 * Oncocyte Corp 965 75,796 *,g Oncopeptides AB 1,258 11,062 * Oncorus, Inc 154 166,679 * Oneness Biotech Co Ltd 1,545 174,188 Ono Pharmaceutical Co Ltd 4,555 632,615 *,e Opko Health, Inc 2,714 101,619 *,e Optinose, Inc 375 241,831 *,e Organigram Holdings, Inc 837 420,258 *,e Organogenesis Holdings Inc 7,657 27,718 *,e Orgenesis, Inc 159 15,903 *,e ORIC Pharmaceuticals, Inc 390 45,455 e Orion Oyj (Class B) 1,821 15,403 * Oscotec, Inc 547 50,213 *,e Osmotica Pharmaceuticals plc 164 19,580 Otsuka Holdings KK 830 37,236 *,e Ovid therapeutics, Inc 150 60,661 * Oxford Biomedica plc 796 31,321 *,e Oyster Point Pharma, Inc 573 362,703 * Pacific Biosciences of California, Inc 12,082 41,840 * Pacira BioSciences Inc 2,933 569,684 * Paion AG. 1,331 15,153 *,e Pandion Therapeutics, Inc 910 35,802 *,e Paratek Pharmaceuticals, Inc 253 31,001 * Passage Bio, Inc 542 78,500 * PeptiDream, Inc 3,596 27,014 PerkinElmer, Inc 3,466 52,074 Perrigo Co plc 2,107 18,439 * Personalis, Inc 454 9,504,511 Pfizer, Inc 344,348 23,400 e Pharma Foods International Co Ltd 758 15,638 e Pharma Mar S.A. 1,818 3,641 PHARMA RESEARCH PRODUCTS Co Ltd 214 66,472 PharmaEngine Inc 169

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 141,480 * PharmaEssentia Corp 484 69,951 *,† Pharmally International Holding Co Ltd 0^

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VALUE SHARES COMPANY (000) 119,482 g Pharmaron Beijing Co Ltd $ 2,271 43,239 * Pharmicell Co Ltd 577 681,469 *,e Pharming Group NV 881 12,379 *,e PhaseBio Pharmaceuticals Inc 43 28,134 *,e Phathom Pharmaceuticals, Inc 1,057 120,724 Phibro Animal Health Corp 2,946 40,112 *,e Pieris Pharmaceuticals, Inc 103 18,617 *,e Pliant Therapeutics, Inc 732 21,159 *,e PMV Pharmaceuticals, Inc 696 32,516 *,e Poseida Therapeutics, Inc 311 297,308 * PPD, Inc 11,250 157,373 * PRA Health Sciences, Inc 24,130 23,640 *,e Praxis Precision Medicines, Inc 774 299,178 *,e Precigen, Inc 2,061 33,542 *,e Precision BioSciences Inc 347 10,050 * Prelude Therapeutics, Inc 435 98,171 * Prestige Consumer Healthcare, Inc. 4,327 83,715 *,† Progenics Pharmaceuticals, Inc 0 51,688 *,e Protagonist Therapeutics, Inc 1,339 13,940 * Protara Therapeutics, Inc 219 103,689 * Prothena Corp plc 2,605 36,628 *,e Provention Bio, Inc 384 61,364 * PTC Therapeutics, Inc 2,906 25,444 *,e Puma Biotechnology, Inc 247 39,741 *,e QIAGEN NV 1,935 97,152 * QIAGEN NV (Turquoise) 4,702 80,167 * Quanterix Corp 4,687 181,526 * Radius Health, Inc 3,787 8,649 *,e RAPT Therapeutics, Inc 192 41,742 *,e Reata Pharmaceuticals, Inc 4,162 7,127 Recordati S.p.A. 383 24,656 * Recro Pharma, Inc 69 108,974 * Regeneron Pharmaceuticals, Inc 51,560 53,181 * REGENXBIO, Inc 1,814 37,908 *,e Relay Therapeutics, Inc 1,310 1,938,327 *,e Relief Therapeutics Holding AG. 599 12,924 *,e Relmada Therapeutics, Inc 455 87,992 *,e Repligen Corp 17,107 39,439 *,e Replimune Group, Inc 1,203 77,350 * Revance Therapeutics, Inc 2,162 47,228 * REVOLUTION Medicines, Inc 2,167 37,144 * Rhythm Pharmaceuticals, Inc 790 280,691 Richter Gedeon Rt 8,276 177,903 * Rigel Pharmaceuticals, Inc 608 800,644 Roche Holding AG. 259,363 2,193 e Roche Holding AG. 751 81,383 * Rocket Pharmaceuticals, Inc 3,611 440,045 e Royalty Pharma plc 19,195 48,414 *,e Rubius Therapeutics, Inc 1,283 58,280 * Sage Therapeutics, Inc 4,362 10,681 * Sam Chun Dang Pharm Co Ltd 484 6,404 Samjin Pharmaceutical Co Ltd 138 13,290 *,g Samsung Biologics Co Ltd 8,846 93,524 * Sana Biotechnology, Inc 3,130

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VALUE SHARES COMPANY (000) 7,242 Sanofi India Ltd $ 781 1,152,965 Sanofi-Aventis 114,010 16,483 Santen Pharmaceutical Co Ltd 227 125,700 * Sarepta Therapeutics, Inc 9,368 45,524 Sartorius Stedim Biotech 18,735 10,719 * Satsuma Pharmaceuticals, Inc 63 45,300 Saudi Pharmaceutical Industries & Medical Appliances Corp 498 75,922 *,e Savara, Inc 158 40,417 Sawai Pharmaceutical Co Ltd 1,970 161,687 * Schnell Biopharmaceuticals, Inc 168 38,672 *,e Scholar Rock Holding Corp 1,959 180,960 Scinopharm Taiwan Ltd 166 9,214 * Scopus Biopharma, Inc 78 4,748 * scPharmaceuticals, Inc 32 694,918 * Seagen, Inc 96,496 47,108 Searle Co Ltd 76 7,340 Seegene, Inc 846 13,151 *,e Seer, Inc 658 38,000 Seikagaku Corp 356 432,270 * Selecta Biosciences, Inc 1,956 4,832 * Sensei Biotherapeutics, Inc 70 73,517 * Seres Therapeutics, Inc 1,514 15,413 Shandong Buchang Pharmaceuticals Co Ltd 54 47,688 Shanghai Fosun Pharmaceutical Group Co Ltd 291 486,429 e Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong) 2,082 403,000 Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd 222 335,800 Shanghai Haixin Group Co 115 26,141 g Shanghai Haohai Biological Technology Co Ltd 200 75,737 Shanghai RAAS Blood Products Co Ltd 86 17,248 * Shattuck Labs, Inc 504 18,475 Shenzhen Hepalink Pharmaceutical Group Co Ltd 48 16,730 Shenzhen Kangtai Biological Products Co Ltd 351 32,325 Shenzhen Salubris Pharmaceuticals Co Ltd 187 41,148 Shijiazhuang Yiling Pharmaceutical Co Ltd 155 24,409 * Shilpa Medicare Ltd 112 11,957 Shin Poong Pharmaceutical Co Ltd 907 12,222 Shionogi & Co Ltd 660 28,755 Sichuan Kelun Pharmaceutical Co Ltd 97 3,986 Siegfried Holding AG. 3,284 41,065 * SIGA Technologies, Inc 267 4,900 * Sigilon Therapeutics, Inc 110 2,882,000 e Sihuan Pharmaceutical Holdings 762 32,473 * Silence Therapeutics plc 246 13,434 *,†,e SillaJen, Inc 0 12,264 *,e Silverback Therapeutics, Inc 535 4,092,236 Sino Biopharmaceutical 4,108 10,550 * SK Biopharmaceuticals Co Ltd 966 42,474 *,e Soleno Therapeutics, Inc 54 459,049 *,e Solid Biosciences, Inc 2,539 367,339 *,e Sorrento Therapeutics, Inc 3,038 72,608 * Sosei Group 1,298 240,140 * Sotera Health Co 5,994 223,308 * Spectrum Pharmaceuticals, Inc 728

VALUE SHARES COMPANY (000) 14,993 *,e Spero Therapeutics, Inc $ 221 27,501 * SpringWorks Therapeutics, Inc 2,023 4,730 * Spruce Biosciences, Inc 79 3,431 * SQZ Biotechnologies Co 47 598,369 SSY Group Ltd 348 6,601 * ST Pharm Co Ltd 500 10,387 * Stoke Therapeutics, Inc 403 50,021 Strides Arcolab Ltd 580 190,198 *,e Strongbridge Biopharma plc 525 1,037,275 Sumitomo Dainippon Pharma Co Ltd 18,094 56,030 * Sun Pharma Advanced Research Company Ltd 109 333,971 Sun Pharmaceutical Industries Ltd 2,735 141,794 * Supernus Pharmaceuticals, Inc 3,712 90,565 *,e Sutro Biopharma, Inc 2,061 66,450 Suven Pharmaceuticals Ltd 453 228,319 * Swedish Orphan Biovitrum AB 3,651 57,666 *,e Syndax Pharmaceuticals, Inc 1,289 92,279 * Syneos Health, Inc 6,999 89,152 *,g Syngene International Ltd 665 34,694 * Syros Pharmaceuticals, Inc 260 241,799 * Taigen Biopharmaceuticals Holdings Ltd 215 27,027 e Taiko Pharmaceutical Co Ltd 305 131,000 * TaiMed Biologics, Inc 357 78,878 Taisho Pharmaceutical Holdings Co Ltd 5,097 49,533 Takara Bio, Inc 1,330 692,922 Takeda Pharmaceutical Co Ltd 25,258 87,360 * Tanvex BioPharma, Inc 273 24,532 * Taro Pharmaceutical Industries Ltd 1,809 4,020 * Tarsus Pharmaceuticals, Inc 130 5,495 *,e Taysha Gene Therapies, Inc 112 41,062 * TCR2 Therapeutics Inc 907 20,773 Tecan Group AG. 9,216 5,413 * Terns Pharmaceuticals, Inc 119 353,876 * Teva Pharmaceutical Industries Ltd (ADR) 4,084 202,346 * TG Therapeutics, Inc 9,753 18,508 * Theragen Etex Co Ltd 146 240,103 *,e TherapeuticsMD, Inc 322 41,058 *,e Theravance Biopharma, Inc 838 544,712 Thermo Fisher Scientific, Inc 248,596 80,345 Tianjin Chase Sun Pharmaceutical Co Ltd 51 420,000 Tong Ren Tang Technologies Co Ltd 287 56,381 Tonghua Dongbao Pharmaceutical Co Ltd 107 14,565 Torii Pharmaceutical Co Ltd 395 21,292 Torrent Pharmaceuticals Ltd 742 26,913 Towa Pharmaceutical Co Ltd 595 121,019 * Translate Bio, Inc 1,996 251,201 * Travere Therapeutics, Inc 6,272 36,761 *,e Tricida, Inc 194 115,719 *,e Trillium Therapeutics, Inc 1,239 58,500 Tsumura & Co 2,094 154,917 TTY Biopharm Co Ltd 407 72,205 * Turning Point Therapeutics Inc 6,830 96,764 * Twist Bioscience Corp 11,985 69,758 *,e Tyme Technologies, Inc 124

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VALUE SHARES COMPANY (000) 1,869,562 United Laboratories Ltd $ 1,385 196,363 * United Therapeutics Corp 32,846 26,734 *,e UNITY Biotechnology, Inc 160 43,452 *,e UroGen Pharma Ltd 846 68,310 * Valneva SE 848 82,437 * Vanda Pharmaceuticals, Inc 1,238 41,518 *,e Vaxart Inc 251 23,643 *,e Vaxcyte, Inc 467 330,333 *,e VBI Vaccines, Inc 1,027 585,233 * Vectura Group plc 933 176,134 * Veracyte, Inc 9,467 183,614 *,e Verastem, Inc 454 154,738 * Vericel Corp 8,596 8,662 *,e Verrica Pharmaceuticals, Inc 131 592,264 * Vertex Pharmaceuticals, Inc 127,272 399,883 * Viatris, Inc 5,586 3,106 Vifor Pharma AG. 423 97,884 *,e Viking Therapeutics, Inc 619 73,044 *,e Vir Biotechnology, Inc 3,745 8,397 * Virbac S.A. 2,161 65,896 Vitrolife AB 1,937 7,362 *,e Vor BioPharma, Inc 317 21,256 *,e Voyager Therapeutics, Inc 100 630,227 * vTv Therapeutics, Inc 1,777 60,443 *,e VYNE Therapeutics, Inc 414 41,628 Walvax Biotechnology Co Ltd 288 9,566 * Waters Corp 2,718 24,368 *,e WaVe Life Sciences Ltd 137 2,714,404 Winteam Pharmaceutical Group Ltd 1,697 46,753 * Wockhardt Ltd 266 108,212 WuXi AppTec Co Ltd 2,328 109,315 g WuXi AppTec Co Ltd (Hong Kong) 2,159 12,190,878 *,g Wuxi Biologics Cayman, Inc 153,736 32,801 *,e X4 Pharmaceuticals, Inc 282 24,117 *,e XBiotech, Inc 414 62,075 * Xencor, Inc 2,673 33,163 *,e Xeris Pharmaceuticals, Inc 150 11,388 *,e XOMA Corp 465 183,904 e,g YiChang HEC ChangJiang Pharmaceutical Co Ltd 196 4,258 Yifan Pharmaceutical Co Ltd 13 23,040 * Y-mAbs Therapeutics, Inc 697 18,403 Yuhan Corp 1,027 67,589 * Yungjin Pharmaceutical Co Ltd 368 125,707 YungShin Global Holding Corp 195 33,148 Yunnan Baiyao Group Co Ltd 611 67,650 * Zai Lab Ltd (ADR) 9,027 30,478 * Zealand Pharma AS 964 43,093 *,e Zentalis Pharmaceuticals, Inc 1,870 19,000 Zeria Pharmaceutical Co Ltd 361 13,601 Zhangzhou Pientzehuang Pharmaceutical Co Ltd 598 36,558 Zhejiang Huahai Pharmaceutical Co Ltd 144 62,680 Zhejiang NHU Co Ltd 367 11,467 Zhejiang Wolwo Bio-Pharmaceutical Co Ltd 103 186,537 *,e ZIOPHARM Oncology, Inc 672

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1,046,525 Zoetis, Inc 164,807 52,652 *,e Zogenix, Inc 1,028 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 8,284,604

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VALUE SHARES COMPANY (000) REAL ESTATE - 2.9% 434,304 Abacus Property Group $ 930 132,352 Acadia Realty Trust 2,511 823 Activia Properties Inc 3,616 1,325 Advance Residence Investment Corp 4,159 19,729 *,g Aedas Homes SAU 518 34,380 e Aedifica S.A. 3,942 45,851 Aeon Mall Co Ltd 800 1,522 AEON REIT Investment Corp 2,053 11,066 * AFI Properties Ltd 387 500,302 Agile Property Holdings Ltd 821 136,985 Agree Realty Corp 9,220 553,800 AIMS AMP Capital Industrial REIT 532 71,116 * Airport City Ltd 1,000 1,488,964 * Aldar Properties PJSC 1,528 82,827 g ALDER Group S.A. 2,268 246,851 Alexander & Baldwin, Inc 4,145 1,734 Alexander’s, Inc 481 230,051 Alexandria Real Estate Equities, Inc 37,797 258,722 * Aliansce Sonae Shopping Centers sa 1,265 69,973 Allied Properties Real Estate Investment Trust 2,263 14,406 Allreal Holding AG. 2,902 150,887 Alony Hetz Properties & Investments Ltd 1,942 35,213 e Alpine Income Property Trust, Inc 611 768 *,e Alset EHome International, Inc 9 163,410 Alstria Office REIT-AG. 2,641 4,827 *,e Altisource Portfolio Solutions S.A. 44 42,096 Altus Group Ltd 2,025 687,198 Amata Corp PCL (Foreign) 420 77,928 American Assets Trust, Inc 2,528 23,292 American Campus Communities, Inc 1,006 162,321 American Finance Trust, Inc 1,594 1,148,930 American Homes 4 Rent 38,305 2,058 *,e American Realty Investors, Inc 18 790,860 American Tower Corp 189,063 375,120 Americold Realty Trust 14,431 197,751 Amot Investments Ltd 1,059 220,000 e Aoyuan Healthy Life Group Co Ltd 145 26,056 e Apartment Income REIT Corp 1,114 20,470 Apartment Investment and Management Co 126 35,949 Apple Hospitality REIT, Inc 524 1,190,141 ARA LOGOS Logistics Trust 647 851,190 Argosy Property Ltd 854 224,386 Armada Hoffler Properties, Inc 2,814 1,812,608 Aroundtown S.A. 12,909 66,745 Arriyadh Development Co 388 69,947 Artis Real Estate Investment Trust 603 828,000 Ascendas India Trust 912 2,979,663 Ascendas REIT 6,769 1,987,204 e Ascott Trust 1,584 1,677,532 Asian Property Development PCL (Foreign) 437 4,748,745 Assura Group Ltd 4,719 45,055 e Atrium Ljungberg AB 807 563,957 AvalonBay Communities, Inc 104,056

VALUE SHARES COMPANY (000) 344,110 Aventus Retail Property Fund Ltd $ 754 908,900 Axis Real Estate Investment Trust 428 7,013,708 Ayala Land, Inc 4,973 4,761,352 *,† AZ BGP Holdings 14 2,783 Azrieli Group 172 8,872,000 Bangkok Land PCL 335 709,964 Barwa Real Estate Co 634 282,097 Bayside Land Corp 2,250 20,300 * BBX Capital, Inc 129 35,602 Befimmo SCA Sicafi 1,451 1,174,809 Beijing Capital Land Ltd 148 492,000 Beijing North Star Co 92 10,000 * Big Shopping Centers Ltd 1,079 372,313 Big Yellow Group plc 5,719 5,876 Blue Square Real Estate Ltd 407 34,795 Bluerock Residential Growth REIT, Inc 352 752,567 BMO Commercial Property Trust Ltd 735 23,690 Boardwalk REIT 684 205,724 Boston Properties, Inc 20,832 591,600 * BR Malls Participacoes S.A. 1,064 1,243,396 BR Properties S.A. 1,900 2,561 * Brack Capital Properties NV 218 28,208 Brandywine Realty Trust 364 192,883 British Land Co plc 1,342 49,956 Brixmor Property Group, Inc 1,011 194,526 Broadstone Net Lease, Inc 3,560 65,917 e Brookfield Property REIT, Inc 1,183 19,193 Brt Realty Trust 323 5,851,800 * Bumi Serpong Damai Tbk PT 453 545,958 Bunnings Warehouse Property Trust 1,643 221,417 C&D International Investment Group Ltd 403 65,590 CA Immobilien Anlagen AG. 2,777 2,391,216 e Cambridge Industrial Trust 695 16,233 Camden Property Trust 1,784 76,588 Canadian Apartment Properties REIT 3,282 739,431 Capital & Counties Properties 1,740 2,467,788 CapitaLand Ltd 6,915 4,071,041 CapitaMall Trust 6,587 984,087 CapitaRetail China Trust 1,004 616,043 CareTrust REIT, Inc 14,345 50,970 Carmila S.A. 770 252,751 e Castellum AB 5,577 125,560 CatchMark Timber Trust, Inc 1,278 25,047 Catena AB 1,104 422,900 Cathay Real Estate Development Co Ltd 294 456,271 * CBRE Group, Inc 36,096 888,020 CDL Hospitality Trusts 820 68,799 Cedar Woods Properties Ltd 353 229,950 Cencosud Shopping S.A. 479 21,121 Centerspace 1,436 239,000 Central China New Life Ltd 212 691,968 Central China Real Estate Ltd 308 1,882,782 Central Pattana PCL (Foreign) 3,525 430,210 Centuria Capital Group 813

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VALUE SHARES COMPANY (000) 2,210,806 Champion Real Estate Investment Trust $ 1,296 326,561 Charter Hall Education Trust 773 618,091 Charter Hall Group 6,080 870,608 Charter Hall Long Wale REIT 3,132 114,408 * Chatham Lodging Trust 1,506 436,036 China Aoyuan Group Ltd 469 1,730,899 e China Evergrande Group 3,304 94,200 China Fortune Land Development Co Ltd 90 2,229,156 China Jinmao Holdings Group Ltd 897 897,000 *,e,g China Logistics Property Holdings Co Ltd 517 575,000 China Merchants Commercial Real Estate Investment Trust 210 886,000 China Merchants Land Ltd 130 50,208 China Merchants Property Operation & Service Co Ltd 152 184,827 China Merchants Shekou Industrial Zone Holdings Co Ltd 347 1,261,794 China Overseas Grand Oceans Group Ltd 827 3,249,786 China Overseas Land & Investment Ltd 8,495 510,119 China Overseas Property Holdings Ltd 478 2,806,602 China Resources Land Ltd 13,679 1,272,452 China SCE Group Holdings Ltd 591 4,056,000 China South City Holdings Ltd 450 2,917,638 China Vanke Co Ltd 11,465 3,144,918 China Vanke Co Ltd (Class A) 14,432 401,000 g China Vast Industrial Urban Development Co Ltd 156 547,000 Chinese Estates Holdings Ltd 285 331,088 Chong Hong Construction Co 964 31,306 e Cibus Nordic Real Estate AB 588 1,226,864 CIFI Holdings Group Co Ltd 1,194 10,817 CIM Commercial Trust Corp 139 389,153 City Developments Ltd 2,315 79,082 City Office REIT, Inc 840 61,878 Citycon Oyj 515 639,302 Civitas Social Housing plc 950 2,629,801 CK Asset Holdings Ltd 16,009 18,567 Clipper Realty, Inc 147 25,899 Cofinimmo 3,771 32,279 e Colliers International Group, Inc 3,172 770,080 *,e Colony Capital, Inc 4,990 261,000 e Colour Life Services Group 115 311,966 Columbia Property Trust, Inc 5,335 608 Comforia Residential REIT, Inc 1,855 92,827 Cominar Real Estate Investment Trust 689 41,315 Community Healthcare Trust, Inc 1,905 229,734 Concentradora Fibra Danhos S.A. de C.V. 287 69,760 * CorePoint Lodging, Inc 630 62,514 Coresite Realty 7,492 19,252 Corestate Capital Holding S.A. 319 498,856 Corp Inmobiliaria Vesta SAB de C.V. 1,045 19,349 Corporate Office Properties Trust 509 1,330,000 *,e Cosmopolitan International Holdings Ltd 216 6,756,898 Country Garden Holdings Co Ltd 8,698 204,458 Cousins Properties, Inc 7,228 5,087 CRE Logistics REIT, Inc 7,881 47,512 Crombie Real Estate Investment Trust 598 1,356,500 Cromwell European Real Estate Investment Trust 725

VALUE SHARES COMPANY (000) 1,766,830 Cromwell Group $ 1,111 922,262 Crown Castle International Corp 158,749 53,088 CT Real Estate Investment Trust 691 9,465 e CTO Realty Growth, Inc 492 214,861 CubeSmart 8,128 140,403 * Cushman & Wakefield plc 2,291 452,505 Custodian Reit plc 573 553,589 CyrusOne, Inc 37,489 214,000 DaFa Properties Group Ltd 174 45,710 Daibiru Corp 591 34,122 Daito Trust Construction Co Ltd 3,965 446,081 Daiwa House Industry Co Ltd 13,092 1,776 Daiwa House REIT Investment Corp 4,772 320 Daiwa Office Investment Corp 2,255 1,790 Daiwa Securities Living Investments Corp 1,758 1,614,475 * DAMAC Properties Dubai Co PJSC 529 228,891 * Dar Al Arkan Real Estate Development Co 562 125,980 Derwent London plc 5,606 186,823 Deutsche Annington Immobilien SE 12,209 48,064 * Deutsche Euroshop AG. 1,002 185,679 Deutsche Wohnen AG. 8,662 664,000 Dexin China Holdings Co Ltd 255 501,121 Dexus Property Group 3,726 311,246 * DiamondRock Hospitality Co 3,206 94,536 DIC Asset AG. 1,638 421,766 Digital Realty Trust, Inc 59,402 83,684 Dios Fastigheter AB 688 781,792 Diversified Healthcare Trust 3,737 234,804 DLF Ltd 926 30,697 Dongwon Development Co Ltd 147 607,930 * DoubleDragon Properties Corp 165 30,031 Douglas Emmett, Inc 943 86,770 Dream Industrial Real Estate Investment Trust 927 27,954 Dream Office Real Estate Investment Trust 471 30,085 DREAM Unlimited Corp 541 379,634 Duke Realty Corp 15,918 437,000 *,† Eagle Hospitality Trust 4 115,817 Easterly Government Properties, Inc 2,401 37,276 EastGroup Properties, Inc 5,341 557,100 E-House China Enterprise Holdings Ltd 523 140,306 * Emaar Economic City 400 1,134,844 * Emaar Malls Group PJSC 524 1,391,374 * Emaar Properties PJSC 1,346 1,292,049 Emlak Konut Gayrimenkul Yatiri 301 22,402 e Empire State Realty Trust, Inc 249 995,692 * Empiric Student Property plc 1,089 175,755 g Entra ASA 3,905 179,631 EPR Properties 8,369 150,031 Equinix, Inc 101,960 412,284 Equites Property Fund Ltd 526 17,780 Equity Commonwealth 494 1,505,131 Equity Lifestyle Properties, Inc 95,787 586,772 Equity Residential 42,030 1,552,000 *,g ESR Cayman Ltd 5,104

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VALUE SHARES COMPANY (000) 36,545 * Eurocommercial Properties NV $ 804 110,388 *,e eXp World Holdings Inc 5,028 239,286 Extra Space Storage, Inc 31,717 270,511 e Fabege AB 3,649 1,147,238 Fantasia Holdings Group Co Ltd 151 1,372,269 Far East Consortium 519 889,405 Far East Hospitality Trust 417 172,812 Farglory Land Development Co Ltd 346 43,554 e Farmland Partners, Inc 488 113,991 * Fastighets AB Balder 5,643 18,485 *,e Fathom Holdings, Inc 677 158,710 Federal Realty Investment Trust 16,101 2,840,597 Fibra Uno Administracion S.A. de C.V. 3,320 6,309,000 Filinvest Land, Inc 143 66,908 Financial Street Holdings Co Ltd 70 123,298 First Capital Real Estate Investment Trust 1,618 244,265 First Industrial Realty Trust, Inc 11,185 35,778 e FirstService Corp 5,311 3,549 Fonciere Des Regions 304 63,568 * Forestar Group, Inc 1,480 930,017 Fortress REIT Ltd (Class A) 858 1,594,000 Fortune Real Estate Investment Trust 1,531 75,979 Four Corners Property Trust, Inc 2,082 176,605 Franklin Street Properties Corp 962 1,192,577 Frasers Centrepoint Trust 2,186 875,600 e Frasers Hospitality Trust 346 6,154,045 Frasers Logistics & Industrial Trust 6,647 473 Frontier Real Estate Investment Corp 2,020 10,555 *,e FRP Holdings, Inc 520 698 Fukuoka REIT Corp 1,098 445,970 Gaming and Leisure Properties, Inc 18,923 404,000 * Ganglong China Property Group Ltd 230 140,917 Gazit Globe Ltd 974 955,315 GCP Student Living plc 2,041 920,362 GDI Property Group 749 6,672 Gecina S.A. 918 148,364 Gemdale Corp 272 11,190,937 Gemdale Properties and Investment Corp Ltd 1,704 188,617 e Geo Group, Inc 1,464 107,700 Getty Realty Corp 3,050 44,873 Gladstone Commercial Corp 878 66,519 Gladstone Land Corp 1,217 73,926 Global Medical REIT, Inc 969 140,929 Global Net Lease, Inc 2,545 936 Global One Real Estate Investment Corp 1,021 10,572,000 *,e Glory Sun Financial Group Ltd 347 189 GLP J-Reit 311 126,374 * Godrej Properties Ltd 2,439 100,780 Goldcrest Co Ltd 1,547 2,915,548 Goodman Group 40,259 1,114,522 Goodman Property Trust 1,761 1,659,445 GPT Group 5,821 889,584 Grainger plc 3,271 111,441 Grand City Properties S.A. 2,791

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VALUE SHARES COMPANY (000) 214,995 Greenland Holdings Corp Ltd $ 184 656,000 Greenland Hong Kong Holdings Ltd 238 329,822 e Greentown China Holdings Ltd 427 289,634 Growthpoint Properties Australia Ltd 767 1,303,136 Growthpoint Properties Ltd 1,165 678,592 Guangzhou R&F Properties Co Ltd 896 281,867 Guocoland Ltd 352 958,000 Guorui Properties Ltd 48 342,468 H&R Real Estate Investment Trust 3,886 67,694 Hamborner REIT AG. 716 4,015,028 e Hammerson plc 1,936 893,442 Hang Lung Group Ltd 2,265 1,885,995 Hang Lung Properties Ltd 4,923 502 Hankyu Reit, Inc 686 444,803 e Healthcare Realty Trust, Inc 13,486 410,681 Healthcare Trust of America, Inc 11,327 968,632 Healthpeak Properties Inc 30,744 32,522 Heiwa Real Estate Co Ltd 1,017 899 Heiwa Real Estate REIT, Inc 1,264 121,860 Helical Bar plc 695 343,246 Heliopolis Housing 105 44,318 * Hemisphere Properties India Ltd 84 1,314,518 Henderson Land Development Co Ltd 5,933 59,316 * Hersha Hospitality Trust 626 33,988,414 a Hibernia REIT plc 44,003 504,263 Highwealth Construction Corp 770 17,974 Highwoods Properties, Inc 772 123,338 Home Consortium 413 1,167,362 Hongkong Land Holdings Ltd 5,741 640,027 Hopson Development Holdings Ltd 2,308 205 Hoshino Resorts REIT, Inc 1,185 1,312,278 * Host Hotels and Resorts, Inc 22,112 54,473 * Howard Hughes Corp 5,182 234,393 Huaku Development Co Ltd 767 201,212 Hudson Pacific Properties 5,459 114,417 e Hufvudstaden AB (Series A) 1,664 700,000 e Huijing Holdings Co Ltd 174 204,983 Hulic Co Ltd 2,423 1,547 Hulic Reit, Inc 2,427 334,112 Hung Sheng Construction Co Ltd 231 636,696 Hysan Development Co Ltd 2,491 37,576 Icade 2,745 270,125 Ichigo Holdings Co Ltd 802 1,170 Ichigo Real Estate Investment Corp 1,005 1,273,200 IGB Real Estate Investment Trust 534 66,168 Iguatemi Empresa de Shopping Centers S.A. 440 61,748 e Immobiliare Grande Distribuzione SIIQ S.p.A 257 88,389 * IMMOFINANZ AG. 1,803 150,821 Independence Realty Trust, Inc 2,292 141,088 * Indiabulls Real Estate Ltd 157 2,142 Indus Realty Trust, Inc 129 1,904 Industrial & Infrastructure Fund Investment Corp 3,270 631,569 Industrial Buildings Corp 1,555 136,978 Industrial Logistics Properties Trust 3,168

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 2,480,535 Ingenia Communities Group 9,572 287,688 Inmobiliaria Colonial S.A. 2,786

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VALUE SHARES COMPANY (000) 46,760 e Innovative Industrial Properties, Inc $ 8,424 70,141 InterRent Real Estate Investment Trust 825 1,177 e Intershop Holding AG. 777 22,419 e Intervest Offices 556 8,937 Invesco Office J-Reit, Inc 1,412 460,097 e Investec Property Fund Ltd 302 19,348 Invincible Investment Corp 7,328 1,198,990 Invitation Homes, Inc 38,356 1,070,500 IOI Properties Group BHD 370 417,226 Irish Residential Properties REIT plc 799 447,688 e Iron Mountain, Inc 16,569 606,182 Irongate Group 622 1,679 Isras Investment Co Ltd 324 113,938 e iStar Inc 2,026 464 e ITOCHU Advance Logistics Investment Corp 582 775,094 IWG plc 3,639 58,446 Jadwa REIT Saudi Fund 242 1,228 Japan Excellent, Inc 1,593 13,467 Japan Hotel REIT Investment Corp 7,613 870 Japan Logistics Fund Inc 2,454 828 Japan Prime Realty Investment Corp 3,096 773 Japan Real Estate Investment Corp 4,568 3,113 Japan Retail Fund Investment Corp 3,189 20,624 JBG SMITH Properties 656 29,127 Jereissati Participacoes S.A. 138 756,790 JHSF Participacoes S.A. 936 1,596,750 *,† Jiangsu Future Land Co Ltd 16 130,695 Jiangsu Zhongnan Construction Group Co Ltd 140 1,142,000 Jiayuan International Group Ltd 470 385,269 Jingrui Holdings Ltd 114 95,005 Jinke Properties Group Co Ltd 96 14,228 * John Mattson Fastighetsforetagen AB 224 53,195 * Jones Lang LaSalle, Inc 9,524 45,409 JR Reit XXVII 209 296,000 JY Grandmark Holdings Ltd 121 2,483,329 K Wah International Holdings Ltd 1,290 938,657 Kaisa Group Holdings Ltd 465 33,500 Kaisa Prosperity Holdings Ltd 108 667,852 Katitas Co Ltd 18,664 526,696 * KE Holdings, Inc (ADR) 30,011 30,600 Keihanshin Building Co Ltd 412 474 Kenedix Realty Investment Corp 3,375 901 Kenedix Residential Investment Corp 1,760 277 Kenedix Retail REIT Corp 674 387,161 Kennedy-Wilson Holdings, Inc 7,825 1,343,417 Keppel DC REIT 2,698 1,849,691 e Keppel REIT 1,682 848,114 Keppel-KBS US REIT 611 571,000 Kerry Properties Ltd 1,847 13,663 *,e K-fast Holding AB 422 133,518 Killam Apartment Real Estate Investment Trust 1,967 203,384 Kilroy Realty Corp 13,348 83,497 Kimco Realty Corp 1,566 834,704 Kindom Construction Co 1,161

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VALUE SHARES COMPANY (000) 13,313 Klepierre $ 310 613,790 e Klovern AB (B Shares) 1,070 125,828 Kojamo Oyj 2,465 112,208 Korea Real Estate Investment Trust Co 240 192,059 Kungsleden AB 2,007 146,286 Kuoyang Construction Co Ltd 205 544,406 KWG Group Holdings Ltd 936 3,583,000 * KWG Living Group Holdings Ltd 3,680 183,387 * Lai Sun Development Co Ltd 151 119,001 Lamar Advertising Co 11,177 53,196 * Lamda Development S.A. 460 7,695,277 Land and Houses PCL Co Reg 2,111 145,494 Land Securities Group plc 1,383 881,000 Langham Hospitality Investments Ltd 135 62,342 * Lar Espana Real Estate Socimi S.A. 373 1,567 LaSalle Logiport REIT 2,376 11,124 LEG Immobilien AG. 1,463 583,266 Lend Lease Corp Ltd 5,751 918,826 Lendlease Global Commercial REIT 551 152,743 * Leopalace21 Corp 212 430,183 e Lexington Realty Trust 4,779 45,111 Life Storage, Inc 3,877 91,194 e Lifestyle Communities Ltd 955 1,807,326 Link REIT 16,490 36,203,040 * Lippo Karawaci Tbk PT 482 293,005 LOG Commercial Properties e Participacoes S.A. 1,491 571,528 Logan Property Holdings Co Ltd 965 891,140 LondonMetric Property plc 2,624 1,564,093 g Longfor Properties Co Ltd 10,374 222,575 LOTTE Reit Co Ltd 1,026 180,770 LSR Group PJSC (ADR) 390 49,064 LTC Properties, Inc 2,047 872,000 LVGEM China Real Estate Investment Co Ltd 237 532,752 LXI REIT plc 926 516,701 Mabanee Co KPSC 1,241 227,909 e Macerich Co 2,667 133,402 Mack-Cali Realty Corp 2,065 532,034 Macquarie CountryWide Trust 1,558 966,542 g Macquarie Mexico Real Estate Management SA de CV 1,205 852,834 Mah Sing Group BHD 174 1,592,050 Manulife US Real Estate Investment Trust 1,164 35,779 *,†,e Mapeley Ltd 0^ 1,822,384 Mapletree Commercial Trust 2,879 1,657,770 Mapletree Industrial Trust 3,380 2,452,115 Mapletree Logistics Trust 3,526 2,448,900 Mapletree North Asia Commercial Trust 1,934 76,150 * Marcus & Millichap, Inc 2,566 383,856 Matrix Concepts Holdings BHD 179 6,096 *,e Maui Land & Pineapple Co, Inc 70 701,200 MBK PCL 343 338,026 Medical Properties Trust, Inc 7,193 670,487 Medinet Nasr Housing 160 24,891 Mega Or Holdings Ltd 735 8,164,322 Megaworld Corp 603

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VALUE SHARES COMPANY (000) 418,432 Merlin Properties Socimi S.A. $ 4,283 50,639 *,g Metrovacesa S.A. 439 80,802 MGM Growth Properties LLC 2,636 26,426 Mid-America Apartment Communities, Inc 3,815 119,800 g Mindspace Business Parks REIT 484 18,417 g Minto Apartment Real Estate REIT NPV 318 46,951 Mirae Asset Maps Asia Pacific Real Estate Investment 185 1,668 Mirai Corp 726 3,339,237 Mirvac Group 6,370 1,023,844 Mitsubishi Estate Co Ltd 17,929 378 Mitsubishi Estate Logistics REIT Investment Corp 1,486 789,685 Mitsui Fudosan Co Ltd 18,001 1,054 Mitsui Fudosan Logistics Park, Inc 5,212 6,805 Mobimo Holding AG. 2,078 78,981 Monmouth Real Estate Investment Corp (Class A) 1,397 13,217 Montea C.V.A 1,379 19,774 Morguard North American Resid 245 3,123 Mori Hills REIT Investment Corp 4,330 365 Mori Trust Hotel Reit, Inc 457 997 Mori Trust Sogo Reit, Inc 1,401 214,200 Multiplan Empreendimentos Imobiliarios S.A. 932 57,321 National Health Investors, Inc 4,143 628,458 * National Real Estate Co KPSC 188 123,180 National Retail Properties, Inc 5,429 487,786 National Storage Affiliates Trust 19,477 1,070,439 National Storage REIT 1,632 1,278,000 Neo-China Land Group Holdings Ltd 125 158,771 NEPI Rockcastle plc 1,003 14,511 * NESCO Ltd 105 62,977 NETSTREIT Corp 1,164 135,457 New Senior Investment Group, Inc 844 1,399,193 New World Development Co Ltd 7,268 389,868 Newmark Group, Inc 3,901 42,613 Nexity 2,100 119,199 NexPoint Residential Trust, Inc 5,494 440 Nippon Accommodations Fund, Inc 2,582 1,170 Nippon Building Fund, Inc 6,895 1,700 Nippon ProLogis REIT, Inc 5,466 457 NIPPON REIT Investment Corp 1,747 51,425 Nomura Real Estate Holdings, Inc 1,243 3,749 Nomura Real Estate Master Fund, Inc 5,644 89,323 NorthWest Healthcare Properties Real Estate Investment Trust 919 20,097 NSI NV 797 320,721 * Nyfosa AB 3,297 371,161 * Oberoi Realty Ltd 2,928 70,894 Office Properties Income Trust 1,951 229,749 Omega Healthcare Investors, Inc 8,416 25,314 e One Liberty Properties, Inc 564 227 One REIT, Inc 639 766,267 Origin Property PCL 208 1,406 Orix JREIT, Inc 2,449 2,461,674 OUE Commercial Real Estate Investment Trust 724 197,823 * Outfront Media, Inc 4,318 352,422 Overseas Union Enterprise Ltd 328

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VALUE SHARES COMPANY (000) 13,183,400 * Pakuwon Jati Tbk PT $ 492 1,502,713 * Palm Hills Developments SAE 154 246,787 Paramount Group, Inc 2,500 293,046 * Park Hotels & Resorts, Inc 6,324 442,424 Parkway Life Real Estate Investment Trust 1,343 447,223 Parque Arauco S.A. 872 74,029 Patrizia Immobilien AG. 1,874 617,400 Pavilion Real Estate Investment Trust 208 199,616 Pebblebrook Hotel Trust 4,849 68,137 * Phoenix Mills Ltd 731 333,382 Physicians Realty Trust 5,891 791,629 Picton Property Income Ltd 936 193,101 Piedmont Office Realty Trust, Inc 3,354 805,956 PLA Administradora Industrial S de RL de C.V. 1,201 64,351 e Platzer Fastigheter Holding AB 765 171,655 Plymouth Industrial REIT, Inc 2,892 1,493,817 Poly Hong Kong Investment Ltd 441 49,619 e Poly Property Development Co Ltd 346 286,962 Poly Real Estate Group Co Ltd 625 158,412 PotlatchDeltic Corp 8,383 117,500 Powerlong Commercial Management Holdings Ltd 391 1,148,908 Precinct Properties New Zealand Ltd 1,309 195,919 Preferred Apartment Communities, Inc 1,930 1,337 Premier Investment Co 1,912 104,694 * Prestige Estates Projects Ltd 439 1,353,758 Primary Health Properties plc 2,765 542,800 Prime US REIT 467 709,826 Prince Housing & Development Corp 274 356,253 ProLogis Property Mexico S.A. de C.V. 765 2,064,460 Prologis, Inc 218,833 2,036 Property & Building Corp 188 1,444,000 Prosperity REIT 483 436,300 Pruksa Holding PCL 179 28,100 PS Business Parks, Inc 4,344 69,453 PSP Swiss Property AG. 8,461 8,104,540 PT Ciputra Development Tbk 614 16,315,400 *,† PT Hanson International Tbk 0^ 225,200 Public Storage, Inc 55,570 38,725,158 Puradelta Lestari Tbk PT 630 1,556,500 * Purplebricks Group plc 1,996 343,390 e QTS Realty Trust, Inc 21,304 5,541,622 Quality House PCL 437 407,841 Radium Life Tech Co Ltd 164 11,885 * Rafael Holdings, Inc 474 183,723 Rayonier, Inc 5,925 15,780 *,e Raysum Co Ltd 129 298,515 e RDI REIT plc 500 91,776 Re/Max Holdings, Inc 3,615 84,495 *,e Real Matters, Inc 961 303,136 * Realogy Holdings Corp 4,586 73,506 Realty Income Corp 4,668 802,000 e,g Redco Properties Group Ltd 275 4,176,159 Redefine Properties Ltd 1,061 196,377 *,e Redfin Corp 13,077

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VALUE SHARES COMPANY (000) 385,432 g Regional REIT Ltd $ 419 190,662 Reit Ltd 882 119,128 Relo Holdings, Inc 2,531 244,771 Resilient REIT Ltd 754 10,215 Retail Estates NV 700 182,085 Retail Opportunities Investment Corp 2,890 332,740 Retail Properties of America, Inc 3,487 89,395 Retail Value, Inc 1,673 1,353,103 Rexford Industrial Realty, Inc 68,196 195,164 RioCan Real Estate Investment Trust 3,022 170,763 RiseSun Real Estate Development Co Ltd 168 256,400 RLJ Lodging Trust 3,969 66,516 RMR Group, Inc 2,715 164,277 Road King Infrastructure 216 1,604,800 Robinsons Land Corp 592 423,905 e Ronshine China Holdings Ltd 293 117,247 RPT Realty 1,338 673,792 Ruentex Development Co Ltd 1,172 303,189 Rural Funds Group 535 52,048 * Ryman Hospitality Properties 4,034 469,679 Sabra Healthcare REIT, Inc 8,154 20,460 e Safehold, Inc 1,434 554,014 Safestore Holdings plc 6,076 115,944 Sagax AB 430 358,297 e Samhallsbyggnadsbolaget i - D 1,220 814,414 e Samhallsbyggnadsbolaget i Norden AB 2,532 34,430 SAMTY Co Ltd 632 333 Samty Residential Investment Corp 352 8,594,982 Sansiri PCL 298 609,100 Sasseur Real Estate Investment Trust 403 72,189 * Saudi Real Estate Co 357 10,339 Saul Centers, Inc 415 146,062 Savills plc 2,300 165,287 SBA Communications Corp 45,875 778,446 SC Asset Corp PCL 81 4,405,425 Scentre Group 9,485 875,461 Seazen Group Ltd 1,076 52,998 Seazen Holdings Co Ltd 396 191,986 Segro plc 2,481 4,208 Sekisui House Reit, Inc 3,504 74,643 Selvaag Bolig ASA 551 53,210 *,e Seritage Growth Properties 976 248,106 Service Properties Trust 2,943 199,140 *,e Shaftesbury plc 1,761 29,081 Shanghai Lingang Holdings Corp Ltd 82 1,209,292 Shanghai Lujiazui Finance & Trade Zone Development Co Ltd 1,067 5,349 Shanghai Zhangjiang High-Tech Park Development Co Ltd 14 1,484,072 Shenzhen Investment Ltd 516 1,082,578 Shimao Property Holdings Ltd 3,418 415,970 * Shining Building Business Co Ltd 209 1,102,166 Shopping Centres Australasia Property Group 2,111 2,213,200 e Shoucheng Holdings Ltd 534 2,643,000 Shui On Land Ltd 405 977,940 Siam Future Development PCL 196

VALUE SHARES COMPANY (000) 37,700 Sichuan Languang Justbon Services Group Co Ltd $ 252 1,897,600 Sime Darby Property BHD 298 1,698,714 Simon Property Group, Inc 193,263 2,422,000 Singha Estate PCL 169 2,682,648 Sino Land Co 3,744 2,219,000 Sino-Ocean Land Holdings Ltd 495 167,692 Sinyi Realty Co 174 1,661,183 Sirius Real Estate Ltd 2,034 811,554 SITE Centers Corp 11,005 139,732 Six of October Development & Investment 143 5,769 SK D&D Co Ltd 199 2,030,000 Skyfame Realty Holdings Ltd 248 120,229 e SL Green Realty Corp 8,415 43,568 Slate Grocery REIT 404 8,845,788 SM Prime Holdings 6,387 75,499 SmartCentres Real Estate Investment Trust 1,613 38,697 Sobha Ltd 232 1,658,500 * Soho China Ltd 508 578 SOSiLA Logistics REIT, Inc 752 1,260,200 * SP Setia BHD 319 46,928 Sparkassen Immobilien AG. 1,179 1,024,200 e SPH REIT 667 305,833 Spirit Realty Capital, Inc 12,998 5,700 * SRE Holdings Corp 236 196,678 ST Modwen Properties plc 1,098 37,589 St. Joe Co 1,613 481,983 STAG Industrial, Inc 16,199 4,894 Star Asia Investment Corp 2,332 1,606,890 Starhill Global REIT 670 67,700 Starts Corp, Inc 1,781 242 Starts Proceed Investment Corp 492 1,067,299 Stockland Trust Group 3,583 299,206 e Stor-Age Property REIT Ltd 265 1,223,000 e StorageVault Canada, Inc 4,525 490,269 STORE Capital Corp 16,424 4,191 * Stratus Properties, Inc 128 190,106 Sumitomo Realty & Development Co Ltd 6,734 6,939,100 * Summarecon Agung Tbk PT 451 155,369 * Summit Hotel Properties, Inc 1,579 78,487 Summit Industrial Income REIT 891 42,729 * Summit Real Estate Holdings Ltd 629 294,448 Sun Communities, Inc 44,179 92,580 Sun Frontier Fudousan Co Ltd 812 1,196,123 Sun Hung Kai Properties Ltd 18,112 2,235,197 Sunac China Holdings Ltd 9,612 1,138,000 Sunlight Real Estate Investment Trust 613 334,169 * Sunstone Hotel Investors, Inc 4,164 1,656,429 Suntec Real Estate Investment Trust 1,925 42,020 Sunteck Realty Ltd 162 1,501,500 Sunway Real Estate Investment 540 1,144,801 Supalai PCL 786 405,628 Swire Pacific Ltd (Class A) 3,056 951,171 Swire Properties Ltd 2,952 68,124 Swiss Prime Site AG. 6,289

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 159,158 TAG Tegernsee Immobilien und Beteiligungs AG. 4,543 321,500 Takara Leben Co Ltd 1,086

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VALUE SHARES COMPANY (000) 490 Takara Leben Real Estate Investment Corp $ 484 765,566 Talaat Moustafa Group 305 140,944 e Tanger Factory Outlet Centers, Inc 2,132 37,090 * Tejon Ranch Co 621 182,296 Terreno Realty Corp 10,531 41,480 e TOC Co Ltd 296 343,493 Tokyo Tatemono Co Ltd 5,237 478,710 Tokyu Fudosan Holdings Corp 2,846 878 Tokyu REIT, Inc 1,438 166,443 Tosei Corp 1,686 1,969 *,e Transcontinental Realty Investors, Inc 42 200,164 Tricon Capital Group, Inc 2,048 8,996,615 Tritax Big Box REIT plc 22,263 16,182,689 g Tritax EuroBox plc 22,421 40,346 UDR, Inc 1,770 1,032,500 * UEM Sunrise Bhd 109 878,172 UK Commercial Property REIT Ltd 873 43,746 UMH Properties, Inc 839 7,573 e Unibail-Rodamco-Westfield 605 1,883 Unibail-Rodamco-Westfield 151 1,735,096 * Union Properties PJSC 126 1,359,323 Unite Group plc 19,991 1,383,414 United Development Co PSC 606 2,667 United Urban Investment Corp 3,589 484,326 Uniti Group, Inc 5,342 10,152 Universal Health Realty Income Trust 688 397,633 UOL Group Ltd 2,338 204,930 Urban Edge Properties 3,385 46,266 Urstadt Biddle Properties, Inc (Class A) 770 13,941 Vastned Retail NV 406 628,591 Ventas, Inc 33,529 268,523 VEREIT, Inc 10,370 960,931 e VICI Properties, Inc 27,137 3,247,034 Vicinity Centres 4,105 2,198,000 Vista Land & Lifescapes, Inc 170 22,351 Vornado Realty Trust 1,015 584,300 Vukile Property Fund Ltd 342 167,248 e Wallenstam AB 2,286 628,409 Warehouse REIT plc 1,092 353,718 Warehouses De Pauw CVA 11,688 131,734 Washington REIT 2,911 226,226 Watkin Jones plc 664 1,043,282 Waypoint REIT 1,994 126,637 Weingarten Realty Investors 3,408 581,854 Welltower, Inc 41,678 38,444 e Wereldhave NV 656 1,065,834 Weyerhaeuser Co 37,944 7,151,909 WHA Corp PCL 799 698,606 Wharf Holdings Ltd 1,854 1,573,897 Wharf Real Estate Investment Co Ltd 8,851 72,575 Whitestone REIT 704 196,707 Wihlborgs Fastigheter AB 3,732 405,040 Wing Tai Holdings Ltd 578 137,160 e Workspace Group plc 1,513

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VALUE SHARES COMPANY (000) 176,412 * Xenia Hotels & Resorts, Inc $ 3,440 23,608 Xinhu Zhongbao Co Ltd 11 306,000 Xinji Shaxi Group Co Ltd 65 21,842 e Xior Student Housing NV 1,166 27,286 Yango Group Co Ltd 25 664,342 Yanlord Land Group Ltd 614 8,497 YH Dimri Construction & Development Ltd 465 422,000 Yincheng International Holding Co Ltd 182 1,514,044 *,e Yoma Strategic Holdings Ltd 157 561,600 YTL Hospitality REIT 121 1,325,000 Yuexiu Real Estate Investment Trust 679 3,067,130 Yuexiul Property Co Ltd 696 1,485,000 Yuzhou Group Holdings Co Ltd 444 637,089 e Zhenro Properties Group Ltd 452 201,559 * Zhongtian Financial Group Co Ltd 91 1,184,000 * Zhuguang Holdings Group Co Ltd 315 TOTAL REAL ESTATE 3,765,967

RETAILING - 6.3% 267,573 *,e 1-800-FLOWERS.COM, Inc (Class A) 7,388 50,012 e Aaron’s Co, Inc 1,284 9,479 ABC-Mart, Inc 535 97,252 * Abercrombie & Fitch Co (Class A) 3,337 32,987 *,e Academy Sports & Outdoors, Inc 890 316,487 Accent Group Ltd 543 5,147,300 Ace Hardware Indonesia Tbk PT 541 30,130 Adastria Holdings Co Ltd 554 89,001 Advance Auto Parts, Inc 16,331 250,000 * Airtrip Corp 5,214 1,040,100 * Alibaba Group Holding Ltd 29,552 2,470,203 * Alibaba Group Holding Ltd (ADR) 560,069 1,710,187 *,g Allegro.eu S.A. 24,074 1,057,400 AllHome Corp 175 15,990 Alpen Co Ltd 344 973,379 * Amazon.com, Inc 3,011,712 238,063 e American Eagle Outfitters, Inc 6,961 5,791 * America’s Car-Mart, Inc 882 291,003 * AO World plc 1,183 35,200 e AOKI Holdings, Inc 197 158,084 AP Eagers Ltd 1,689 4,060,000 *,e Apollo Future Mobility Group Ltd 261 31,122 Arata Corp 1,381 30,376 Arc Land Sakamoto Co Ltd 467 88,560 * Aritzia, Inc 2,058 17,558 Asahi Co Ltd 255 23,873 *,e Asbury Automotive Group, Inc 4,691 156,464 ASKUL Corp 5,992 396,911 * ASOS plc 30,276 87,707 * At Home Group, Inc 2,517 71,856 *,g Auto1 Group SE 4,074 64,688 Autobacs Seven Co Ltd 878 121,239 * Autonation, Inc 11,302 34,846 * AutoZone, Inc 48,934 3,319,935 B&M European Value Retail S.A. 24,154

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VALUE SHARES COMPANY (000) 610,028 *,e Baozun, Inc (ADR) $ 23,266 352,083 Bapcor Ltd 2,013 254,809 *,e Bed Bath & Beyond, Inc 7,428 55,005 Belluna Co Ltd 647 674,273 Berjaya Auto BHD 235 331,342 Best Buy Co, Inc 38,041 98,954 * BHG Group AB 1,648 97,600 BIC CAMERA, Inc 1,097 55,530 e Big Lots, Inc 3,793 138,297 * Bilia AB 2,047 2,047,900 * Bintang Oto Global Tbk PT 193 3,314,309 * boohoo.com plc 15,519 22,883 * Boot Barn Holdings, Inc 1,426 45,679 *,g Boozt AB 951 45,302 Buckle, Inc 1,779 175,826 * Burlington Stores, Inc 52,537 87,924 * C&A Modas Ltd 184 60,445 Caleres, Inc 1,318 185,132 Camping World Holdings, Inc 6,735 81,585 e Canadian Tire Corp Ltd 11,577 542,937 * CarMax, Inc 72,026 237,416 *,e CarParts.com, Inc 3,390 87,378 * Carvana Co 22,928 37,958 * Cato Corp (Class A) 455 153,161 * Ceconomy AG 887 765,465 Central Retail Corp PCL 915 104,012 * Chico’s FAS, Inc 344 197,277 *,e Children’s Place, Inc 13,750 606,000 China Harmony New Energy Auto Holding Ltd 320 237,892 China International Travel Service Corp Ltd 11,161 2,826,629 China Meidong Auto Holdings Ltd 13,127 155,000 China Tobacco International HK Co Ltd 404 879,000 *,e China ZhengTong Auto Services Holdings Ltd 80 15,316 Chiyoda Co Ltd 137 18,545 * Citi Trends, Inc 1,554 17,166 CJ O Shopping Co Ltd 2,169 113,866 * Clas Ohlson AB (B Shares) 1,220 471,279 Com7 PCL (Foreign) 969 28,344 * Conn’s, Inc 551 174,436 * Container Store Group, Inc 2,903 136,702 Core-Mark Holding Co, Inc 5,289 1,409,058 *,e Coupang, Inc 69,537 4,790 Cuckoo Homesys Co Ltd 181 258,246 DCM Holdings Co Ltd 2,705 48,685 Delek Automotive Systems Ltd 595 206,089 *,g Delivery Hero AG. 26,713 24,500 *,e Demae-Can Co Ltd 541 99,909 * Designer Brands, Inc 1,738 163,133 * Despegar.com Corp 2,224 10,957 e Dick’s Sporting Goods, Inc 834 22,583 Dieteren S.A. 2,208 23,265 e Dillard’s, Inc (Class A) 2,247 1,041,707 * Dixons Carphone plc 2,053 544,212 Dohome PCL 349

143

VALUE SHARES COMPANY (000) 613,737 Dollarama, Inc $ 27,114 507,332 Don Quijote Co Ltd 11,975 25,100 Doshisha Co Ltd 425 99,905 e Dufry Group 6,817 17,808 * Duluth Holdings, Inc 302 104,502 Dunelm Group plc 1,872 60,242 g Dustin Group AB 615 1,114,195 eBay, Inc 68,233 84,578 e EDION Corp 948 68,952 *,e eDreams ODIGEO S.A. 381 28,300 Enigmo, Inc 355 6,337 *,e Envela Corp 32 230,634 * Etsy, Inc 46,512 340,931 g Europris ASA 2,043 483,110 * Expedia Group, Inc 83,153 745,000 Far Eastern Department Stores Co Ltd 627 40,271 *,e Farfetch Ltd 2,135 32,362 Fast Retailing Co Ltd 25,869 56,417 * Fawaz Abdulaziz Al Hokair & Co 339 108,882 * Five Below, Inc 20,774 25,827 * Fiverr International Ltd 5,609 1,442,438 *,g Fix Price Group Ltd (ADR) 14,078 151,957 * Floor & Decor Holdings, Inc 14,509 17,073 Fnac Darty SA 1,047 19,048 Foot Locker, Inc 1,071 251,289 * Foschini Ltd 2,086 8,005 Fox Wizel Ltd 914 32,472 Franchise Group, Inc 1,173 413,014 * Frasers Group plc 2,622 19,400 Fuji Co Ltd 377 152,185 *,e Funko, Inc 2,995 187,749 * Future Enterprises Ltd 110 98,394 *,e GameStop Corp (Class A) 18,677 542,994 * Gap, Inc 16,170 21,768 * Genesco, Inc 1,034 19,491 Genuine Parts Co 2,253 34,600 Geo Holdings Corp 372 270,000 * Global Fashion Group S.A. 3,546 4,051,885 *,e GOME Electrical Appliances Holdings Ltd 753 561,500 * Grand Baoxin Auto Group Ltd 59 11,499 *,e Greenlane Holdings Inc 61 27,291 Group 1 Automotive, Inc 4,306 35,754 *,e Groupon, Inc 1,807 40,183 *,e GrowGeneration Corp 1,997 332,780 * GrubHub, Inc 19,967 73,553 * Grupo SBF S.A. 345 2,373 GS Home Shopping, Inc 316 65,263 Guess?, Inc 1,534 60,600 Gulliver International Co Ltd 396 589,086 * Halfords Group plc 3,086 93,225 e Hankyu Department Stores, Inc 774 589,543 Harvey Norman Holdings Ltd 2,577 26,709 Haverty Furniture Cos, Inc 993 485,362 * HelloFresh SE 36,163

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1,841,599 *,e HengTen Networks Group Ltd 2,322 664,563 e Hennes & Mauritz AB (B Shares) 14,977

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VALUE SHARES COMPANY (000) 49,351 * Hibbett Sports, Inc $ 3,400 29,822 Hikari Tsushin, Inc 6,013 2,312,961 Home Depot, Inc 706,031 2,158,167 Home Product Center PCL (Foreign) 1,025 26,926 * Home24 SE 585 587,000 * Hong Kong Television Network Ltd 894 9,079 Hornbach Baumarkt AG. 382 11,175 Hornbach Holding AG. & Co KGaA 1,091 195,482 Hotai Motor Co Ltd 4,047 12,037 Hotel Shilla Co Ltd 929 2,285,000 *,† Hsin Chong Group Holdings Ltd 3 10,722 Hyundai Department Store Co Ltd 863 4,279 Hyundai Home Shopping Network Corp 307 407,707 Inchcape plc 4,230 755,001 Industria De Diseno Textil S.A. 24,945 131,311 * Infibeam Avenues Ltd 85 484,100 e Isetan Mitsukoshi Holdings Ltd 3,415 36,500 Izumi Co Ltd 1,433 235,700 J Front Retailing Co Ltd 2,248 54,290 Jarir Marketing Co 2,635 209,376 JB Hi-Fi Ltd 8,264 765,300 *,g JD Health International, Inc 11,133 695,134 * JD Sports Fashion plc 7,902 225,482 * JD.com, Inc 9,509 2,316,017 * JD.com, Inc (ADR) 195,310 14,142 JINS Holdings, Inc 1,008 30,520 Joshin Denki Co Ltd 873 133,474 Joyful Honda Co Ltd 1,733 43,856 JUMBO S.A. 805 181,493 *,e,g Just Eat Takeaway.com NV 16,700 36,187 Keiyo Co Ltd 240 123,133 Kering 84,969 1,089,130 * Kingfisher plc 4,774 9,100 * Kintetsu Department Store Co Ltd 268 76,706 e Kogan.com Ltd 703 109,792 e Kohl’s Corp 6,545 73,205 Kohnan Shoji Co Ltd 2,109 29,300 * Kojima Co Ltd 187 126,952 Komeri Co Ltd 3,541 529,728 K’s Holdings Corp 7,292 101,318 * L Brands, Inc 6,268 18,764 *,e Lands’ End, Inc 466 110,967 * Leslie’s, Inc 2,718 39,281 Liaoning Cheng Da Co Ltd 123 514,000 * Lifestyle International Holdings Ltd 449 38,378 * Liquidity Services, Inc 713 46,711 Lithia Motors, Inc (Class A) 18,221 40,311 * LKQ Corp 1,706 21,309,100 Lojas Americanas S.A. (Preference) 84,651 1,417,200 Lojas Quero Quero S 3,857 643,332 Lojas Renner S.A. 4,868 7,111 LOTTE Himart Co Ltd 264 4,830 Lotte Shopping Co Ltd 540 59,444 e Lovisa Holdings Ltd 650

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1,877,535 Lowe’s Companies, Inc 357,070 321,561 Luk Fook Holdings International Ltd 887

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VALUE SHARES COMPANY (000) 43,120 * Lumber Liquidators, Inc $ 1,083 540,418 * Macy’s, Inc 8,749 5,249,525 Magazine Luiza S.A. 18,877 431,134 *,e Magnite, Inc 17,939 43,227 g Maisons du Monde S.A. 956 346,726 *,g Maoyan Entertainment 580 110,224 * MarineMax, Inc 5,441 227,080 * Marisa Lojas S.A. 218 1,986,429 * Marks & Spencer Group plc 4,129 83,318 e Marui Co Ltd 1,570 142,466,800 *,a Matahari Department Store Tbk PT 13,175 40,802 * Matas A.S. 534 29,716 * Matsuya Co Ltd 247 7,471 e Media Do Holdings Co Ltd 445 3,581,635 *,g Meituan Dianping (Class B) 139,770 63,996 Mekonomen AB 946 10,803 * MercadoLibre, Inc 15,904 74,300 * Mercari, Inc 3,392 119,071 * Michaels Cos, Inc 2,612 6,102,279 * Mitra Adiperkasa Tbk PT 311 37,978 Mobilezone Holding AG. 496 827,500 * MOBLY S.A. 3,234 26,141 momo.com, Inc 912 555,150 Moneysupermarket.com Group plc 2,041 37,665 Monro Muffler, Inc 2,478 115,210 Motus Holdings Ltd 672 295,972 Mr Price Group Ltd 3,877 211,000 *,e,g Mulsanne Group Holding Ltd 172 23,218 Murphy USA, Inc 3,356 30,622 Musti Group Oyj 988 14,400 Nafco Co Ltd 279 903,022 Naspers Ltd (N Shares) 216,283 123,653 * National Vision Holdings, Inc 5,420 25,300 Next plc 2,742 40,320 Nextage Co Ltd 689 73,891 Nick Scali Ltd 561 46,835 Nishimatsuya Chain Co Ltd 709 84,817 Nitori Co Ltd 16,429 102,162 Nojima Corp 2,602 19,089 *,e Nordstrom, Inc 723 411,101 * Ocado Ltd 11,526 157,709 * ODP Corp 6,827 22,100 * Oisix ra daichi, Inc 584 88,489 * Ollie’s Bargain Outlet Holdings, Inc 7,699 137,734 *,g On the Beach Group plc 772 16,354 * OneWater Marine, Inc 654 12,184 *,e Open Door, Inc 203 113,437 * O’Reilly Automotive, Inc 57,541 60,117 * Overstock.com, Inc 3,983 266,587 * Padini Holdings BHD 193 23,528 * Pal Co Ltd 326 305,315 Paltac Corp 16,548 67,780 PChome Online Inc 206 44,951 Penske Auto Group, Inc 3,607

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1,132,895 *,e Petco Health & Wellness Co, Inc 25,105 15,018 e PetMed Express, Inc 528

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VALUE SHARES COMPANY (000) 702,372 Petrobras Distribuidora S.A. $ 2,755 515,111 Pets at Home Group plc 2,937 586,148 * Pinduoduo, Inc (ADR) 78,473 76,235 Pool Corp 26,319 1,640,129 * Pou Sheng International Holdings Ltd 368 41,701 * Poya Co Ltd 874 226,186 Premier Investments Ltd 4,488 468,581 Prosus NV 52,143 619,668 PTG Energy PCL (Foreign) 410 2,179,000 PTT Oil & Retail Business PCL 2,249 161,831 * Quotient Technology, Inc 2,644 544,722 Qurate Retail Group, Inc QVC Group 6,406 252,065 * Rakuten, Inc 3,011 236,918 * RealReal, Inc 5,361 218,844 * Redbubble Ltd 838 182,794 Rent-A-Center, Inc 10,540 30,770 *,e RH 18,357 665,242 Ripley Corp S.A. 240 483,884 Ross Stores, Inc 58,023 104,140 Ryohin Keikaku Co Ltd 2,472 1,233,831 *,e SA SA International Holdings Ltd 284 1,101,921 SACI Falabella 5,005 175,308 * Sally Beauty Holdings, Inc 3,529 52,300 *,e Sanrio Co Ltd 832 182,653 Saudi Co For Hardware CJSC 2,906 22,417 Seobu Truck Terminal Co Ltd 156 63,981 Seria Co Ltd 2,237 43,604 Shanghai Yuyuan Tourist Mart Group Co Ltd 72 46,019 Shimamura Co Ltd 5,318 3,048 Shinsegae Co Ltd 761 2,105 Shinsegae International Co Ltd 379 14,688 Shoe Carnival, Inc 909 13,780 *,g Shop Apotheke Europe NV 3,004 38,245 Shutterstock, Inc 3,405 83,173 * Signet Jewelers Ltd 4,822 38,121 g Sleep Country Canada Holdings, Inc 963 65,397 * Sleep Number Corp 9,384 26,487 *,g SMCP S.A. 191 78,945 Sonic Automotive, Inc (Class A) 3,913 81,995 * Sportsman’s Warehouse Holdings, Inc 1,414 29,036 * Stamps.com, Inc 5,793 51,729 * Stitch Fix Inc 2,563 276,624 Suning.com Co Ltd 291 280,526 * Super Group Ltd 564 158,941 Super Retail Group Ltd 1,428 3,202 Tadiran Holdings Ltd 337 132,351 Takashimaya Co Ltd 1,417 37,096 Takkt AG. 562 963,560 Target Corp 190,852 41,769 Telepark Corp 725 84,027 * Temple & Webster Group Ltd 584 130,000 Test-Rite International Co 119 7,264,194 * THG Holdings Ltd 62,440 40,198 * Tilly’s, Inc 455

147

VALUE SHARES COMPANY (000) 376,820 * Tongcheng-Elong Holdings Ltd $ 853 6,644,543 g Topsports International Holdings Ltd 9,908 182,996 e Tractor Supply Co 32,405 472,613 *,g Trainline plc 2,994 71,534 Trent Ltd 737 187,883 * Trip.com Group Ltd (ADR) 7,446 318,225 Truworths International Ltd 1,031 101,254 * Ulta Beauty, Inc 31,305 23,599 * United Arrows Ltd 450 22,258 United Electronics Co 624 495,271 * Urban Outfitters, Inc 18,419 325,173 USS Co Ltd 6,378 84,623 *,e Uxin Ltd (ADR) 99 3,813 * Valora Holding AG. 808 5,000 *,e Valuence Holdings, Inc 122 1,055,267 * Via Varejo S.A. 2,263 174,980 * Vipshop Holdings Ltd (ADR) 5,225 6,781 * V-Mart Retail Ltd 259 160,251 *,e Vroom, Inc 6,248 86,988 VT Holdings Co Ltd 351 187,508 *,e Waitr Holdings Inc 549 19,735 Wangfujing Group Co Ltd 90 109,245 *,e Wayfair, Inc 34,385 327,865 *,e Webjet Ltd 1,398 995,818 Wesfarmers Ltd 39,991 12,243 * Westwing Group AG. 565 4,509 Weyco Group, Inc 98 133,417 * WH Smith plc 3,306 1,206,400 Wilcon Depot, Inc 443 108,302 e Williams-Sonoma, Inc 19,408 6,250 Winmark Corp 1,165 1,047,948 * Woolworths Holdings Ltd 3,510 244,200 e Workman Co Ltd 17,531 50,600 World Co Ltd 677 156,783 Wuchan Zhongda Group Co Ltd 116 22,042 Xebio Co Ltd 187 345,000 Xinhua Winshare Publishing and Media Co Ltd 239 149,008 *,g XXL ASA 326 1,077,225 * Yamada Denki Co Ltd 5,822 74,561 Yellow Hat Ltd 1,278 169,630 *,g Zalando SE 16,622 233,072 Zhongsheng Group Holdings Ltd 1,651 6,078 * zooplus AG. 1,736 228,130 ZOZO Inc 6,758 93,861 * Zumiez, Inc 4,027 TOTAL RETAILING 8,284,042

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.2% 161,615 A-DATA Technology Co Ltd 489 28,805 Advanced Energy Industries, Inc 3,145 1,420,058 * Advanced Micro Devices, Inc 111,475 9,263 Advanced Process Systems Corp 236 106,483 Advanced Wireless Semiconductor Co 588 87,600 Advantest Corp 7,694

148

VALUE SHARES COMPANY (000) 50,000 Alchip Technologies Ltd $ 1,594 69,013 * Allegro MicroSystems, Inc 1,749 47,800 * Alpha & Omega Semiconductor Ltd 1,563 91,210 * Ambarella, Inc 9,157 731,835 e Amkor Technology, Inc 17,352 437,156 *,e ams AG. 8,704 630,610 Analog Devices, Inc 97,795 31,000 AP Memory Technology Corp 956 3,788,227 Applied Materials, Inc 506,107 331,738 Ardentec Corp 525 29,322,825 ASE Technology Holding Co Ltd 111,854 61,904 ASM International NV 17,949 1,353,774 ASM Pacific Technology 17,325 24,231 ASMedia Technology, Inc 1,279 872,791 ASML Holding NV 535,518 60,000 ASPEED Technology, Inc 3,660 12,897 *,e Atomera, Inc 316 29,726 * Atto Co Ltd 175 49,967 * Axcelis Technologies, Inc 2,053 57,072 * AXT, Inc 665 80,138 BE Semiconductor Industries NV 6,694 1,148,719 e Broadcom, Inc 532,615 267,171 Brooks Automation, Inc 21,815 25,211 * Camtek Ltd 726 16,110 * Ceva, Inc 905 84,000 Chang Wah Technology Co Ltd 216 11,538 *,† China Energy Savings Technology, Inc 0 1,512,000 Chipbond Technology Corp 4,128 446,436 ChipMOS Technologies, Inc 697 80,686 * Cirrus Logic, Inc 6,841 26,701 CMC Materials, Inc 4,720 76,200 * Cohu, Inc 3,188 561,964 *,e Cree, Inc 60,765 5,304 * CyberOptics Corp 138 45,400 *,e Daqo New Energy Corp (ADR) 3,428 74,613 * Dialog Semiconductor plc 5,625 69,254 * Diodes, Inc 5,529 25,380 Disco Corp 8,020 92,160 Dongbu HiTek Co Ltd 4,609 20,516 *,e DSP Group, Inc 292 218,400 Elan Microelectronics Corp 1,507 194,000 Elite Semiconductor Memory Technology, Inc 714 7,804 Elmos Semiconductor AG. 328 101,571 eMemory Technology, Inc 3,170 470,000 * ENNOSTAR, Inc 1,352 241,549 * Enphase Energy, Inc 39,170 215,747 Entegris, Inc 24,121 6,783 Eo Technics Co Ltd 715 74,000 Episil-Precision, Inc 186 11,233 Eugene Technology Co Ltd 445 477,000 Everlight Electronics Co Ltd 776 165,060 Faraday Technology Corp 303 39,433 Ferrotec 792 127,922 * First Solar, Inc 11,168

149

VALUE SHARES COMPANY (000) 103,000 Formosa Advanced Technologies Co Ltd $ 146 864,200 Formosa Sumco Technology Corp 4,134 47,376 Foxsemicon Integrated Technology, Inc 390 14,263,000 *,e GCL Poly Energy Holdings Ltd 3,661 332,906 * GCL System Integration Technology Co Ltd 169 25,355 * GemVax & Kael Co Ltd 543 25,990 Gigadevice Semiconductor Beijing, Inc 681 56,000 Global Lighting Technologies, Inc 211 51,000 Global Mixed Mode Technology, Inc 373 226,000 Global Unichip Corp 3,193 1,551,988 Globalwafers Co Ltd 41,146 447,233 Globetronics Technology BHD 297 911,200 * Greatech Technology Bhd 1,176 223,000 Greatek Electronics, Inc 557 25,656 *,e GSI Technology, Inc 172 34,000 Gudeng Precision Industrial Co Ltd 394 27,536 Hangzhou First Applied Material Co Ltd 362 83,144 Hangzhou Silan Microelectronics Co Ltd 309 17,786 Hanmi Semiconductor Co Ltd 386 134,000 Holtek Semiconductor, Inc 441 212,531 *,g Hua Hong Semiconductor Ltd 1,169 831,792 Hynix Semiconductor, Inc 98,203 192,714 * Ichor Holdings Ltd 10,368 62,072 *,e Impinj, Inc 3,530 2,358,236 Infineon Technologies AG. 100,337 21,456 * Ingenic Semiconductor Co Ltd 200 5,435 * Innox Advanced Materials Co Ltd 270 77,191 * Inphi Corp 13,772 14,075,715 n Intel Corp 900,846 764,233 * IQE plc 618 5,151 ITM Semiconductor Co Ltd 204 51,403 * JA Solar Technology Co Ltd 227 65,013 Japan Material Co Ltd 772 51,000 Jentech Precision Industrial Co Ltd 516 27,247 *,e JinkoSolar Holding Co Ltd (ADR) 1,136 842,000 King Yuan Electronics Co Ltd 1,223 206,000 Kinsus Interconnect Technology Corp 813 234,239 e KLA Corp 77,393 8,338 Koh Young Technology, Inc 850 421,295 Lam Research Corp 250,772 58,800 Land Mark Optoelectronics Corp 558 137,048 Lasertec Corp 18,099 508,102 * Lattice Semiconductor Corp 22,875 7,552 LEENO Industrial Inc 1,049 194,417 LONGi Green Energy Technology Co Ltd 2,632 28,278 Machvision, Inc 283 96,831 * MACOM Technology Solutions Holdings, Inc 5,618 1,407,000 Macronix International 2,206 166,457 Malaysian Pacific Industries BHD 1,565 781,000 Marketech International Corp 3,115 2,552,318 Marvell Technology Group Ltd 125,013 9,234 *,e Maxeon Solar Technologies Ltd 291 233,413 Maxim Integrated Products, Inc 21,327 72,916 * MaxLinear, Inc 2,485

150

VALUE SHARES COMPANY (000) 20,701 Melexis NV $ 2,190 2,294,451 *,e Meyer Burger Technology AG. 1,052 94,100 Mi Technovation Bhd 91 242,085 Microchip Technology, Inc 37,576 3,306,491 * Micron Technology, Inc 291,666 31,400 Micronics Japan Co Ltd 480 17,991 Mimasu Semiconductor Industry Co Ltd 445 18,406 Mitsui High-Tec, Inc 773 287,461 MKS Instruments, Inc 53,301 135,111 Monolithic Power Systems, Inc 47,723 255,000 * Motech Industries, Inc 349 73,177 * Nanometrics, Inc 4,808 493,075 Nanya Technology Corp 1,606 25,114 NAURA Technology Group Co Ltd 553 213,160 * NeoPhotonics Corp Ltd 2,547 12,921 * NEPES Corp 434 157,977 * Nordic Semiconductor ASA 2,832 49,760 * Nova Measuring Instruments Ltd 4,367 226,758 Novatek Microelectronics Corp Ltd 4,619 112,657 Nuvoton Technology Corp 228 3,289 NVE Corp 231 902,800 n NVIDIA Corp 482,032 1,071,585 NXP Semiconductors NV 215,753 1,283,476 * ON Semiconductor Corp 53,405 31,252 Optorun Co Ltd 779 186,100 Pan Jit International, Inc 351 94,401 Parade Technologies Ltd 4,076 24,363 * PDF Solutions, Inc 433 55,222 Phison Electronics Corp 953 102,325 * Photronics, Inc 1,316 96,613 Pixart Imaging, Inc 694 32,518 * Pixelworks, Inc 108 50,299 Power Integrations, Inc 4,098 296,338 Powertech Technology, Inc 1,100 91,459 * Qorvo, Inc 16,710 1,577,320 QUALCOMM, Inc 209,137 1,250,983 Radiant Opto-Electronics Corp 5,589 265,378 * Rambus, Inc 5,159 187,261 Realtek Semiconductor Corp 3,269 1,896,215 * Renesas Electronics Corp 20,761 10,467 RFHIC Corp 354 41,000 RichWave Technology Corp 921 81,541 Rohm Co Ltd 7,997 9,507 Rorze Corp 675 6,500 RS Technologies Co Ltd 377 11,171 S&S Tech Corp 320 276,713 Sanan Optoelectronics Co Ltd 988 23,613 *,e Sanken Electric Co Ltd 1,111 39,069 e SCREEN Holdings Co Ltd 3,459 103,000 SDI Corp 296 95,288 * Semtech Corp 6,575 30,797 Seoul Semiconductor Co Ltd 506 8,657 Seoul Viosys Co Ltd 121 7,904 SG Micro Corp 280

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 204,000 * Shanghai Fudan Microelectronics Group Co Ltd 301 29,885 Shenzhen Goodix Technology Co Ltd 513

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VALUE SHARES COMPANY (000) 19,621 Shenzhen SC New Energy Technology Corp $ 327 916,900 Shinko Electric Industries 28,536 94,543 * Shinsung Holdings Co Ltd 276 34,000 ShunSin Technology Holding Ltd 150 289,116 Sigurd Microelectronics Corp 533 202,578 Silergy Corp 16,709 79,155 * Silicon Laboratories, Inc 11,166 8,589 Silicon Works Co Ltd 577 21,730 * Siltronic AG. 3,504 14,503 SIMMTECH Co Ltd 282 377,838 Sino-American Silicon Products, Inc 2,252 16,631 * SiTime Corp 1,640 86,567 Sitronix Technology Corp 732 274,481 Skyworks Solutions, Inc 50,362 9,369 * SMA Solar Technology AG. 551 11,311 *,e SMART Global Holdings, Inc 521 21,925 *,e SOITEC 4,476 79,451 * SolarEdge Technologies, Inc 22,837 667,616 STMicroelectronics NV 25,506 61,581 * STS Semiconductor & Telecommunications 415 1,015,283 Sumco Corp 23,268 233,574 *,e SunPower Corp 7,813 61,143 * Synaptics, Inc 8,280 155,000 Taiwan Semiconductor Co Ltd 315 29,329,458 Taiwan Semiconductor Manufacturing Co Ltd 617,655 457,054 e Taiwan Semiconductor Manufacturing Co Ltd (ADR) 54,060 197,847 Taiwan Surface Mounting Technology Co Ltd 815 275,662 Teradyne, Inc 33,543 10,204 TES Co Ltd 310 7,809 Tesna Co Ltd 328 1,022,871 Texas Instruments, Inc 193,312 160,425 Tianjin Zhonghuan Semiconductor Co Ltd 695 160,561 Tianshui Huatian Technology Co Ltd 287 3,476 Tokai Carbon Korea Co Ltd 579 82,705 Tokyo Electron Ltd 35,946 38,300 Tokyo Seimitsu Co Ltd 1,752 71,348 * TongFu Microelectronics Co Ltd 213 308,330 Topco Scientific Co Ltd 1,481 15,520 Toptec Co Ltd 169 57,545 *,e Tower Semiconductor Ltd 1,614 105,499 * Tower Semiconductor Ltd (Tel Aviv) 2,950 20,400 Tri Chemical Laboratories, Inc 653 1,746,000 *,† Trony Solar Holdings Co Ltd. 2 278,000 * TSEC Corp 458 7,119 U-Blox AG. 461 127,066 * Ultra Clean Holdings 7,375 45,344 Ulvac, Inc 1,915 32,006 Unigroup Guoxin Microelectronics Co Ltd 525 102,000 Unisem M BHD 189 4,629,071 United Microelectronics Corp 8,303 1,732,860 * United Renewable Energy Co Ltd/Taiwan 915 12,660 * UniTest, Inc 249 116,966 Universal Display Corp 27,694 952,144 Vanguard International Semiconductor Corp 3,631

152

VALUE SHARES COMPANY (000) 110,068 Visual Photonics Epitaxy Co Ltd $ 461 162,300 ViTrox Corp BHD 586 366,975 Wafer Works Corp 547 45,211 Will Semiconductor Ltd 1,784 319,000 Win Semiconductors Corp 4,405 1,121,389 Winbond Electronics Corp 1,173 22,286 WONIK IPS Co Ltd 1,025 120,955 Wuxi Taiji Industry Co Ltd 153 51,993 *,g X-Fab Silicon Foundries SE 448 29,104 *,g X-Fab Silicon Foundries SE 251 251,107 Xilinx, Inc 31,112 124,000 * XinTec, Inc 792 3,363,214 Xinyi Solar Holdings Ltd 5,575 72,906 Zhejiang Jingsheng Mechanical & Electrical Co Ltd 368 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 6,783,520

SOFTWARE & SERVICES - 10.7% 129,800 * 21Vianet Group, Inc (ADR) 4,193 103,631 *,e 2U, Inc 3,962 112,387 360 Security Technology, Inc 240 150,526 * 8x8, Inc 4,883 128,022 * A10 Networks, Inc 1,230 48,507 Absolute Software Corp 674 1,161,409 Accenture plc 320,839 116,994 * ACI Worldwide, Inc 4,452 83,252 * ACV Auctions, Inc 2,881 2,987 Adesso SE 380 4,263 Admicom Oyj 479 498,839 * Adobe, Inc 237,133 37,067 *,g Adyen NV 82,711 481,936 * Afterpay Touch Group Ltd 37,641 36,342 * Agilysys, Inc 1,743 4,455 Ahnlab, Inc 259 721 *,e AI inside, Inc 233 136,787 * Akamai Technologies, Inc 13,939 58,577 * Alarm.com Holdings, Inc 5,060 79,451 g Alfa Financial Software Holdings plc 148 7,875 Allgeier SE 226 65,203 e Alliance Data Systems Corp 7,309 7,100 e Alpha Systems, Inc 231 32,527 *,e Altair Engineering, Inc 2,035 30,284 * Alten 3,553 49,870 * Alteryx, Inc 4,137 492,869 Altium Ltd 9,961 891,859 Amadeus IT Holding S.A. 63,525 127,808 Amdocs Ltd 8,966 24,996 American Software, Inc (Class A) 517 2,072,814 *,n Anaplan, Inc 111,621 80,674 * Ansys, Inc 27,394 116,051 e Appen Ltd 1,404 12,078 * Appfolio, Inc 1,708 34,724 *,e Appian Corp 4,617 17,600 Argo Graphics, Inc 506 61,842 * Aspen Technology, Inc 8,926

153

VALUE SHARES COMPANY (000) 82,310 Atea ASA $ 1,399 113,909 *,e Atlassian Corp plc 24,007 83,724 Atos Origin S.A. 6,528 8,244 Aubay 417 307,720 * Autodesk, Inc 85,285 667,855 Automatic Data Processing, Inc 125,871 89,295 * Avalara, Inc 11,915 1,435,766 g Avast plc 9,024 358,853 * Avaya Holdings Corp 10,059 97,145 Aveva Group plc 4,582 975,000 *,e BASE, Inc 14,154 9,744 * BasWare Oyj 419 109,011 Bechtle AG. 20,450 25,937 Beijing E-Hualu Information Technology Co Ltd 100 8,243 Beijing Shiji Information Technology Co Ltd 37 56,618 Beijing Sinnet Technology Co Ltd 149 33,312 Beijing Thunisoft Corp Ltd 97 62,066 * Benefitfocus, Inc 857 67,868 * BigCommerce Holdings, Inc 3,923 119,498 * Bill.Com Holdings, Inc 17,387 105,303 Birlasoft Ltd 366 296,023 * Black Knight, Inc 21,903 67,635 * Blackbaud, Inc 4,807 506,904 * Blackberry Ltd (New) 4,251 93,623 * Blackline, Inc 10,149 311,542 *,e Blue Prism Group plc 5,454 7,179 *,h BM Technologies, Inc 84 32,047 * Bottomline Technologies, Inc 1,450 610,556 * Box, Inc 14,018 252,179 Bravura Solutions Ltd 491 177,197 * Brightcove, Inc 3,565 92,000 Broadleaf Co Ltd 453 181,508 Broadridge Financial Solutions, Inc 27,789 172,203 * Bytes Technology Group plc 948 22,972 *,e C3.ai, Inc 1,514 356,346 * Cadence Design Systems, Inc 48,816 76,680 * Cafe24 Corp 2,219 40,245 Cancom SE 2,321 299,454 Cap Gemini S.A. 50,915 1,797,106 * Capita Group plc 1,080 33,353 * Cardtronics plc 1,294 13,494 Cass Information Systems, Inc 624 172,028 CDK Global, Inc 9,300 67,009 *,e Cerence Inc 6,003 179,119 * Ceridian HCM Holding, Inc 15,094 209,750 * CGI, Inc 17,472 32,000 *,e Change, Inc 1,036 184,869 * ChannelAdvisor Corp 4,354 307,300 *,e Chatwork Co Ltd 3,548 646,866 * Check Point Software Technologies 72,430 11,091 China National Software & Service Co Ltd 91 82,374 China TransInfo Technology Co Ltd 199 12,138,321 * China Youzan Ltd 4,000 1,656,000 Chinasoft International Ltd 1,796

154

VALUE SHARES COMPANY (000) 557,934 * Cloudera, Inc $ 6,790 107,488 * Cloudflare, Inc 7,552 10,795 * CM.com NV 326 16,322 Coforge Ltd 656 1,064,419 Cognizant Technology Solutions Corp (Class A) 83,152 214,460 * Cognyte Software Ltd 5,964 166,604 *,e Commvault Systems, Inc 10,746 109,860 Computacenter plc 3,589 57,436 Computer Engineering & Consulting Ltd 748 59,926 *,a,h Computershare Ltd 688 519,714 Computershare Ltd 5,963 20,288 Comture Corp 492 82,416 *,e Concentrix Corp 12,339 686,871 * Conduent, Inc 4,575 18,361 Constellation Software, Inc 25,642 101,205 * Cornerstone OnDemand, Inc 4,410 60,513 * Coupa Software, Inc 15,399 38,279 *,g Crayon Group Holding ASA 602 133,553 * Crowdstrike Holdings, Inc 24,375 24,104 CSG Systems International, Inc 1,082 32,619 * CyberArk Software Ltd 4,219 19,900 Cybozu, Inc 403 62,199 * Cyient Ltd 552 456,802 Dassault Systemes S.A. 97,636 149,659 Data#3 Ltd 593 238,162 * Datadog, Inc 19,848 4,713 * Datagroup SE 338 35,713 * Datto Holding Corp 818 369,151 * Descartes Systems Group, Inc 22,522 1,704 * Devoteam S.A. 213 88,577 DHC Software Co Ltd 101 8,407 *,e Digimarc Corp 249 11,100 Digital Arts, Inc 976 3,708,831 Digital China Holdings Ltd 2,603 33,713 Digital Garage, Inc 1,377 243,900 * Digital Turbine, Inc 19,600 11,698 * Docebo, Inc 503 278,652 * DocuSign, Inc 56,413 115,646 * Domo, Inc 6,510 373 * DRC Systems India Pvt Ltd 1 211,130 * Dropbox, Inc 5,629 40,800 DTS Corp 933 113,075 * Duck Creek Technologies, Inc 5,104 14,653 DuzonBIzon Co Ltd 1,277 181,645 * DXC Technology Co 5,678 930,442 Dye & Durham Ltd 29,371 257,605 * Dynatrace, Inc 12,427 24,100 e Ebase Co Ltd 207 30,064 e Ebix, Inc 963 107,331 Econocom Group S.A. 421 189,651 Edenred 9,902 2,600 Edulab, Inc 194 26,321 * eGain Corp 250 92,329 * Elastic NV 10,267

155

VALUE SHARES COMPANY (000) 39,674 * Envestnet, Inc $ 2,866 46,560 * EPAM Systems, Inc 18,470 391,555 g Equiniti Group plc 698 70,196 * Euronet Worldwide, Inc 9,708 56,940 * Everbridge, Inc 6,900 170,147 EVERTEC, Inc 6,333 32,333 * Evo Payments, Inc 890 161,923 * Exasol AG. 4,102 55,711 * ExlService Holdings, Inc 5,023 51,473 * Fair Isaac Corp 25,018 73,306 *,e Fastly, Inc 4,932 1,546,462 Fidelity National Information Services, Inc 217,448 108,403 *,†,g Finablr plc 1 296,092 * FireEye, Inc 5,795 101,775 * First Derivatives plc 3,725 208,955 Firstsource Solutions Ltd 327 1,152,895 * Fiserv, Inc 137,241 136,412 * Five9, Inc 21,325 24,400 Fixstars Corp 229 130,493 * FleetCor Technologies, Inc 35,054 10,184 Formula Systems 1985 Ltd 901 119,225 * Fortinet, Inc 21,987 87,519 Fortnox AB 3,898 65,900 *,e Freee KK 5,630 92,982 e F-Secure Oyj 440 25,684 FUJI SOFT, Inc 1,333 124,871 Fujitsu Ltd 18,170 9,327 Fukui Computer Holdings, Inc 335 24,100 Future Architect, Inc 436 77,412 * Gartner, Inc 14,132 380,676 GB Group plc 4,450 562,151 * GDS Holdings Ltd (ADR) 45,585 333,125 Genpact Ltd 14,264 94,064 g Global Dominion Access S.A. 475 612,261 Global Payments, Inc 123,420 99,611 * Globant S.A. 20,680 5,000 GMO GlobalSign Holdings KK 308 110,470 GMO internet, Inc 3,177 114,077 GMO Payment Gateway, Inc 15,158 261,921 * GoDaddy, Inc 20,330 84,348 *,e GreenSky, Inc 522 110,780 *,e Grid Dynamics Holdings, Inc 1,765 31,905 *,e GTT Communications, Inc 58 60,122 *,e GTY Technology Holdings Inc 384 17,965 * Guidewire Software, Inc 1,826 98,182 Hackett Group, Inc 1,609 178,892 Hansen Technologies Ltd 740 964,674 HCL Technologies Ltd 13,002 61,000 *,e Hennge KK 4,102 1,508,501 * Hi Sun Technology China Ltd 285 14,284 Hilan Ltd 677 192,746 *,e HubSpot, Inc 87,547 44,894 Hundsun Technologies, Inc 579 4,047 Hyundai Autoever Corp 424

156

VALUE SHARES COMPANY (000) 188,002 Ideagen plc $ 754 50,883 Iflytek Co Ltd 378 131,489 *,e Indra Sistemas S.A. 1,158 20,009 Ines Corp 241 264,386 Inesa Intelligent Tech, Inc - B 118 131,311 * Infibeam Incorporation Ltd 85 21,453 Infocom Corp 548 3,785,000 Infomart Corp 32,720 32,390 * Information Services Group, Inc 143 21,148 Information Services International-Dentsu Ltd 751 2,958,377 Infosys Technologies Ltd 55,512 116,638 Integrated Research Ltd 206 18,372 *,e Intelligent Systems Corp 752 39,864 InterDigital, Inc 2,529 590,851 International Business Machines Corp 78,737 21,618 *,e International Money Express Inc 324 464,734 Intuit, Inc 178,021 97,199 iomart Group plc 419 191,873 Iress Market Technology Ltd 1,344 81,700 Itochu Techno-Science Corp 2,640 54,072 *,e j2 Global, Inc 6,481 117,098 Jack Henry & Associates, Inc 17,766 59,594 * Jamf Holding Corp 2,105 21,014 *,e JFrog Ltd 932 33,557 e Justsystems Corp 1,843 185,017 Kainos Group plc 3,806 12,886 Kanematsu Electronics Ltd 435 104,200 *,e Kaonavi, Inc 3,196 492,511 * Keywords Studios plc 17,477 47,557 Kginicis Co Ltd 828 158,397 * Kinaxis, Inc 18,485 1,976,495 Kingdee International Software Group Co Ltd 6,198 47,392 * Kingsoft Cloud Holdings Ltd (ADR) 1,863 683,710 Kingsoft Corp Ltd 4,572 20,664 KNOW IT AB 643 17,712 e LAC Co Ltd 172 45,405 Lakala Payment Co Ltd 209 44,028 g Larsen & Toubro Infotech Ltd 2,448 797,056 *,e Laybuy Group Holdings Ltd 534 3,392,435 Learning Technologies Group plc 7,017 466,175 * Lightspeed POS, Inc 29,316 21,004 e Lime Technologies AB 876 81,988 *,e Limelight Networks, Inc 293 553,932 Link Administration Holdings Ltd 2,169 109,186 Linx S.A. 733 235,321 * Liveperson, Inc 12,411 148,990 * LiveRamp Holdings, Inc 7,730 709,928 g Locaweb Servicos de Internet S.A. 2,882 3,755 Lotte Data Communication Co 127 26,283 Magic Software Enterprises Ltd 408 101,664 * Manhattan Associates, Inc 11,933 2,480,129 Mastercard, Inc (Class A) 883,050 36,636 Matrix IT Ltd 879 44,728 MAXIMUS, Inc 3,983

157

VALUE SHARES COMPANY (000) 1,849,706 * Megaport Ltd $ 15,628 852,989 Micro Focus International plc 6,516 17,574,983 Microsoft Corp 4,143,654 7,915 *,e MicroStrategy, Inc (Class A) 5,373 55,425 * Mimecast Ltd 2,229 86,085 MindTree Ltd 2,458 361,000 *,e Ming Yuan Cloud Group Holdings Ltd 1,668 20,100 e Miroku Jyoho Service Co Ltd 375 142,549 * Mitek Systems, Inc 2,078 20,267 Mitsubishi Research Institute, Inc 756 134,864 * Model N, Inc 4,751 37,188 * Money Forward, Inc 1,411 93,902 *,e MoneyGram International, Inc 617 93,623 * MongoDB, Inc 25,038 78,284 Mphasis Ltd 1,904 1,851,700 My EG Services BHD 883 7,084 * Nagarro SE 778 852,000 *,†,e National Agricultural Holdings Ltd 1 296,533 NCC Group plc 1,055 796,302 * nCino, Inc 53,129 2,400,105 *,e nearmap Ltd 3,705 110,281 NEC Corp 6,512 68,143 NEC Networks & System Integration Corp 1,202 49,926 Nemetschek AG. 3,187 88,106 NET One Systems Co Ltd 2,823 54,370 e,g Netcompany Group A.S. 5,179 483,410 g Network International Holdings plc 2,752 69,128 * New Relic, Inc 4,250 368,849 *,g Nexi S.p.A 6,435 5,703,219 * NEXTDC Ltd 45,424 10,305 * NHN KCP Corp 457 160,023 NIC, Inc 5,430 53,048 * Nice Systems Ltd 11,533 105,438 Nihon Unisys Ltd 3,261 72,200 Nippon System Development Co Ltd 1,205 1,500,000 * Nitro Software Ltd 2,791 226,290 Nomura Research Institute Ltd 7,030 488,051 NortonLifelock, Inc 10,376 32,092 NS Solutions Corp 1,020 291,545 NTT Data Corp 4,522 695,603 *,e Nuance Communications, Inc 30,356 445,771 * Nutanix, Inc 11,840 119,880 * Nuvei Corp 7,253 19,700 OBIC Business Consultants Ltd 1,036 32,710 Obic Co Ltd 6,002 181,035 * Okta, Inc 39,906 5,995 * ON24, Inc 291 3,651 One Software Technologies Ltd 476 26,659 * OneSpan, Inc 653 190,230 Open Text Corp 9,076 248,676 Open Text Corp (Toronto) 11,857 15,300 * Optim Corp 413 1,988,225 Oracle Corp 139,514 4,742 * Oracle Corp Japan 464

158

VALUE SHARES COMPANY (000) 114,431 *,e Pagerduty, Inc $ 4,604 233,804 * Pagseguro Digital Ltd 10,825 82,660 * Palo Alto Networks, Inc 26,621 10,191 *,e Park City Group, Inc 62 493,315 Paychex, Inc 48,355 77,183 * Paycom Software, Inc 28,562 83,362 *,e Paylocity Holding Corp 14,991 3,494,465 * PayPal Holdings, Inc 848,596 23,717 *,e Paysign Inc 104 101,293 Pegasystems, Inc 11,582 24,861 * Perficient, Inc 1,460 34,039 Persistent Systems Ltd 898 349,444 Perspecta, Inc 10,151 76,302 * Pexip Holding ASA 856 10,684 *,e PFSweb, Inc 72 27,723 *,e Ping Identity Holding Corp 608 15,400 * PKSHA Technology, Inc 419 193,012 * Pluralsight, Inc 4,312 40,342 Posco ICT Co Ltd 263 6,112 *,e Priority Technology Holdings Inc 42 284,639 Progress Software Corp 12,541 577,322 * Proofpoint, Inc 72,621 30,677 * PROS Holdings, Inc 1,304 97,683 * PTC, Inc 13,446 960,024 *,e Pushpay Holdings Ltd 1,397 38,061 * Q2 Holdings, Inc 3,814 9,286 QAD, Inc (Class A) 618 142,430 * Qualtrics International, Inc 4,687 25,383 * Qualys, Inc 2,660 31,087 *,e Rackspace Technology, Inc 739 73,800 Rakus Co Ltd 1,432 58,793 * Rapid7, Inc 4,387 184,340 * RealPage, Inc 16,074 148,683 * Repay Holdings Corp 3,491 20,893 Reply S.p.A 2,644 17,110 * Rimini Street, Inc 153 122,823 * RingCentral, Inc 36,587 15,821 Rsupport Co Ltd 114 46,956 e S&T AG. 1,168 441,505 *,e Sabre Corp 6,539 954,195 Sage Group plc 8,061 198,225 * SailPoint Technologies Holding, Inc 10,038 25,189 Saipens International Corp NV 794 3,910,369 * salesforce.com, Inc 828,490 13,292 Samsung SDS Co Ltd 2,282 21,725 Sangfor Technologies, Inc 822 13,300 * Sansan, Inc 1,148 923,367 SAP AG. 113,257 36,242 Sapiens International Corp NV 1,152 73,721 *,e Seachange International, Inc 114 14,182 *,e SecureWorks Corp 190 5,200 * Serverworks Co Ltd 205 723,579 * ServiceNow, Inc 361,869 132,854 *,e ServiceSource International LLC 195

159

VALUE SHARES COMPANY (000) 322,972 * SHIFT, Inc $ 38,415 133,404 * Shopify, Inc (Class A) (Toronto) 147,282 5,747 *,e ShotSpotter, Inc 202 929,741 Silverlake Axis Ltd 169 41,606 SimCorp AS 5,151 36,058 *,g Sinch AB 6,338 913,614 * Slack Technologies, Inc 37,120 135,562 * Smartsheet, Inc 8,665 252,068 * Smith Micro Software, Inc 1,388 10,100 e Softbank Technology Corp 294 123,888 Softcat plc 3,096 54,111 Software AG. 2,280 31,828 * SolarWinds Corp 555 80,188 *,e Solutions 30 SE 1,019 43,556 Sonata Software Ltd 304 352,187 Sonda S.A. 226 28,240 Sopra Group S.A. 4,719 91,662 Sourcenext Corp 303 142,020 * Splunk, Inc 19,241 87,628 * Sprout Social, Inc 5,061 155,839 * SPS Commerce, Inc 15,476 576,607 * Square, Inc 130,919 309,852 SS&C Technologies Holdings, Inc 21,649 35,613 *,e StarTek, Inc 283 749,964 * StoneCo Ltd 45,913 61,500 Sumisho Computer Systems Corp 3,655 10,986 *,e Sumo Logic, Inc 207 789,224 SUNeVision Holdings Ltd 818 20,228 *,† Suvidhaa Infoserve Pvt Ltd 29 633,490 * SVMK, Inc 11,606 139,148 Switch, Inc 2,263 60,010 * Sykes Enterprises, Inc 2,645 74,377 *,e Synchronoss Technologies, Inc 266 932,419 * Synopsys, Inc 231,035 69,228 Systena Corp 1,389 341,851 Systex Corp 1,052 67,791 Tanla Platforms Ltd 754 840,767 Tata Consultancy Services Ltd 36,634 56,261 Tata Elxsi Ltd 2,077 344,059 *,g TeamViewer AG. 14,714 242,311 Tech Mahindra Ltd 3,295 95,700 e TechMatrix Corp 1,710 239,313 Technology One Ltd 1,706 87,114 *,e Telos Corp 3,303 51,650 Temenos Group AG. 7,452 299,253 * Tenable Holdings, Inc 10,828 129,429 * Teradata Corp 4,988 6,800 *,e TerraSky Co Ltd 207 21,461 Thunder Software Technology Co Ltd 401 103,611 e Tietoenator Oyj 3,211 12,300 TIS, Inc 294 27,140 TKC 865 398,552 Totvus S.A. 2,048 64,574 * Trade Desk, Inc 42,080

160

VALUE SHARES COMPANY (000) 80,852 * Trend Micro, Inc $ 4,059 583,840 *,g Trustpilot Group plc 2,133 23,999 TTEC Holdings, Inc 2,411 6,864 *,e Tucows, Inc 532 302,489 * Twilio, Inc 103,076 63,079 * Tyler Technologies, Inc 26,779 181,874 * Tyro Payments Ltd 457 255,093 * Unifiedpost Group S.A. 5,540 92,668 * Unisys Corp 2,356 11,982 *,e UNITED, Inc 151 43,812 *,e Unity Software, Inc 4,395 37,560 * Upland Software, Inc 1,772 366,930 Vakrangee Ltd 282 75,818 * Varonis Systems, Inc 3,892 136,710 * Verint Systems, Inc 6,219 342,438 * VeriSign, Inc 68,063 122,650 *,e Veritone, Inc 2,941 136,813 * Verra Mobility Corp 1,852 7,049 * Viant Technology, Inc 373 68,873 e VirnetX Holding Corp 384 3,935,884 Visa, Inc (Class A) 833,345 69,852 *,e VMware, Inc (Class A) 10,509 148,314 Wangsu Science & Technology Co Ltd 146 1,397,000 *,e,g Weimob, Inc 3,158 573,551 Western Union Co 14,144 62,148 *,e WEX, Inc 13,003 461,246 Wipro Ltd 2,618 348,029 Wisetech Global Ltd 7,744 57,927 * Wix.com Ltd 16,174 155,582 * Workday, Inc 38,651 75,507 * Workiva, Inc 6,664 181,242 *,g Worldline S.A. 15,173 102,880 * Xero Ltd 9,957 301,356 Xperi Holding Corp 6,561 74,109 *,e Yext, Inc 1,073 4,000,887 Yonyou Network Technology Co Ltd 21,909 423,312 * Zendesk, Inc 56,140 50,232 Zensar Technologies Ltd 188 47,411 * Zix Corp 358 273,014 * Zoom Video Communications, Inc 87,717 122,750 * Zscaler, Inc 21,072 15,700 Zuken, Inc 402 663,644 * Zuora Inc 9,822 TOTAL SOFTWARE & SERVICES 14,056,236

TECHNOLOGY HARDWARE & EQUIPMENT - 5.9% 188,765 *,e 3D Systems Corp 5,180 5,908 * 908 Devices, Inc 287 15,540,944 e AAC Technologies Holdings, Inc 79,114 33,218 Accelink Technologies Co Ltd 113 430,402 Accton Technology Corp 4,184 23,313 * ACE Technologies Corp 423 1,110,532 Acer, Inc 1,229 69,311 Addsino Co Ltd 196

161

VALUE SHARES COMPANY (000) 132,098 * ADVA AG. Optical Networking $ 1,568 35,000 Advanced Ceramic X Corp 703 151,331 Advantech Co Ltd 1,888 36,206 Ai Holdings Corp 720 24,650 *,e Akoustis Technologies, Inc 329 166,000 Alpha Networks, Inc 218 441,100 Alps Electric Co Ltd 5,850 6,535 ALSO Holding AG. 1,879 54,150 Amano Corp 1,317 545,020 Amphenol Corp (Class A) 35,955 539,793 e Anritsu Corp 11,815 110,000 Apex International Co Ltd 257 33,269,303 Apple, Inc 4,063,845 28,293 *,e Applied Optoelectronics, Inc 237 105,409 Arcadyan Technology Corp 430 88,803 * Arista Networks, Inc 26,809 479,160 * Arlo Technologies, Inc 3,009 99,828 * Arrow Electronics, Inc 11,063 169,000 Asia Optical Co, Inc 531 216,000 Asia Vital Components Co Ltd 520 31,000 ASROCK, Inc 175 280,026 Asustek Computer, Inc 3,674 59,000 Aten International Co Ltd 183 3,332,534 * AU Optronics Corp 2,486 25,030 Audiocodes Ltd 677 50,000 AURAS Technology Co Ltd 387 27,598 Aurora Corp 90 22,762 e Austria Technologie & Systemtechnik AG. 816 50,520 AVIC Jonhon Optronic Technology Co Ltd 522 129,807 * Avid Technology, Inc 2,740 166,083 e Avnet, Inc 6,894 55,000 Azbil Corp 2,371 33,636 Badger Meter, Inc 3,131 68,710 e Barco NV 1,612 4,178 Basler AG. 481 27,143 * Beijing BDStar Navigation Co Ltd 179 15,946 Bel Fuse, Inc (Class B) 317 68,506 Belden CDT, Inc 3,040 56,934 Benchmark Electronics, Inc 1,760 1,603,798 Benq Corp 1,934 17,634 BH Co Ltd 281 796,737 BOE Technology Group Co Ltd 765 24,730 Brother Industries Ltd 549 264,939 e BYD Electronic International Co Ltd 1,562 97,131 * CalAmp Corp 1,054 373,762 * Calix, Inc 12,955 74,785 * Cambium Networks Corp 3,494 11,500 * Canon Electronics, Inc 179 44,890 Canon Marketing Japan, Inc 999 46,159 Canon, Inc 1,049 312,996 Career Technology Co Ltd 402 40,086 g Carel Industries S.p.A 816 140,224 * Casa Systems, Inc 1,336 267,947 Catcher Technology Co Ltd 1,991

162

VALUE SHARES COMPANY (000) 93,045 Chaozhou Three-Circle Group Co Ltd $ 597 22,000 Chaun-Choung Technology Corp 165 624,481 Cheng Uei Precision Industry Co Ltd 1,056 233,021 Chicony Electronics Co Ltd 832 166,179 Chilisin Electronics Corp 633 489,600 *,† China Fiber Optic Network System Group Ltd 1 132,357 China Greatwall Technology Group Co Ltd 301 269,000 Chin-Poon Industrial Co 312 271,840 Chroma ATE, Inc 1,811 15,000 Chunghwa Precision Test Tech Co Ltd 480 1,365,642 * Ciena Corp 74,728 16,089,869 Cisco Systems, Inc 832,007 300,100 Citizen Watch Co Ltd 1,028 7,617 *,e Clearfield, Inc 229 286,393 Clevo Co 310 755,743 CMC Magnetics Corp 269 106,550 Codan Ltd 1,253 482,281 Cognex Corp 40,024 25,121 * Coherent, Inc 6,353 1,684,312 e Comba Telecom Systems Holdings Ltd 435 7,085 Comet Holding AG. 1,626 3,253,875 * CommScope Holding Co, Inc 49,980 1,620,524 Compal Electronics, Inc 1,522 786,000 Compeq Manufacturing Co 1,187 43,428 Comtech Telecommunications Corp 1,079 62,249 Concraft Holding Co Ltd 172 4,200 CONEXIO Corp 53 293,600 Coretronic Corp 588 599,661 Corning, Inc 26,091 54,676 *,e Corsair Gaming, Inc 1,820 342,000 Cowell e Holdings, Inc 208 49,909 CTS Corp 1,550 45,086 Daea TI Co Ltd 207 25,900 Daeduck Electronics Co Ltd 323 8,056 Daejoo Electronic Materials Co Ltd 298 145,823 Daiwabo Co Ltd 2,221 59,636 * Daktronics, Inc 374 141,421 Darfon Electronics Corp 236 16,600 e Datalogic S.p.A. 339 198,220 *,h DataTec Ltd 349 171,135 * Dell Technologies, Inc 15,086 118,357 Delta Electronics Thai PCL 1,098 7,574,573 Delta Electronics, Inc 77,250 10,199 Denki Kogyo Co Ltd 251 56,401 Dexerials Corp 967 54,770 Dicker Data Ltd 424 151,113 * Diebold, Inc 2,135 46,416 * Digi International, Inc 881 54,796 Dolby Laboratories, Inc (Class A) 5,409 14,630 Dreamtech Co Ltd 123 17,239 * DZS, Inc 268 243,100 Eastern Communications Co Ltd 112 19,304 *,e Eastman Kodak Co 152 71,545 * Ebang International Holdings, Inc 569

163

VALUE SHARES COMPANY (000) 13,824 Eizo Nanao Corp $ 523 43,896 Elecom Co Ltd 976 19,400 Elematec Corp 179 212,270 Elite Material Co Ltd 1,265 45,704 Ennoconn Corp 391 10,200 e Enplas Corp 382 25,113 * ePlus, Inc 2,502 58,161,000 * Erajaya Swasembada Tbk PT 2,026 2,867,625 Ericsson (LM) (B Shares) 38,011 18,601 ESPEC Corp 311 27,801 Evertz Technologies Ltd 322 548,517 * Extreme Networks, Inc 4,800 49,144 * F5 Networks, Inc 10,252 125,411 * Fabrinet 11,336 41,906 * FARO Technologies, Inc 3,628 149,346 * Feelux Co Ltd 458 82,248 Fiberhome Telecommunication Technologies Co Ltd 232 2,606,000 *,e FIH Mobile Ltd 369 299,793 * Fingerprint Cards AB 1,000 191,633 Firich Enterprises Co Ltd 204 248,392 FLEXium Interconnect, Inc 1,098 184,186 FLIR Systems, Inc 10,401 82,310 Flytech Technology Co Ltd 194 26,429,457 Foxconn Industrial Internet Co Ltd 58,140 1,279,193 Foxconn Technology Co Ltd 3,284 686,363 Fujifilm Holdings Corp 40,831 33,903 * Genasys, Inc 227 180,000 General Interface Solution Holding Ltd 795 59,378 Genius Electronic Optical Co Ltd 1,014 288,271 Getac Technology Corp 593 385,123 Gigabyte Technology Co Ltd 1,354 34,558 Gilat Satellite Networks Ltd 361 75,322 GoerTek, Inc 314 271,000 * Gold Circuit Electronics Ltd 538 123,536 GRG Banking Equipment Co Ltd 216 143,997 Guangzhou Haige Communications Group, Inc Co 223 32,918 Guangzhou Shiyuan Electronic Technology Co Ltd 655 811,046 Halma plc 26,535 35,084 Hamamatsu Photonics KK 2,079 430,700 Hana Microelectronics PCL (Foreign) 764 237,365 Hannstar Board Corp 413 1,963,330 * HannStar Display Corp 1,067 141,481 * Harmonic, Inc 1,109 77,373 Hengtong Optic-electric Co Ltd 145 859,814 Hewlett Packard Enterprise Co 13,533 143,204 Hexagon AB (B Shares) 13,219 6,997 * HFR, Inc 150 521,000 * High Tech Computer Corp 565 10,200 Hioki EE Corp 396 1,544 Hirose Electric Co Ltd 238 1,523,660 * Hitachi Ltd 69,065 29,210 HMS Networks AB 923 13,239 Hochiki Corp 164 100,470 Holystone Enterprise Co Ltd 461

164

VALUE SHARES COMPANY (000) 87,200 Hosiden Corp $ 913 856,165 HP, Inc 27,183 51,800 Huagong Tech Co Ltd 165 2,506,800 Ibiden Co Ltd 115,819 9,100 Icom, Inc 227 88,756 IEI Integration Corp 180 165,032 * II-VI, Inc 11,283 17,540 Iljin Materials Co Ltd 1,061 188,283 * Immersion Corp 1,804 5,368,270 Inari Amertron BHD 4,256 1,710 Inficon Holding AG. 1,798 178,617 *,e Infinera Corp 1,720 49,200 Innodisk Corp 294 3,174,321 InnoLux Display Corp 2,369 52,926 *,e Inseego Corp 529 83,163 *,e Insight Enterprises, Inc 7,935 33,500 Inspur Electronic Information Industry Co Ltd 141 86,424 *,e Intellicheck, Inc 724 34,701 * Intevac, Inc 248 970,172 Inventec Co Ltd 920 11,533 I-PEX, Inc 211 28,693 * IPG Photonics Corp 6,053 20,900 Iriso Electronics Co Ltd 936 163,820 ITEQ Corp 786 134,909 * Iteris, Inc 832 32,839 * Itron, Inc 2,911 26,699 Ituran Location and Control Ltd 567 194,199 Jabil Inc 10,129 42,442 Japan Aviation Electronics Industry Ltd 691 2,421,694 * Japan Display, Inc 1,051 317,700 Jaymart PCL 436 51,279 Jenoptik AG. 1,541 263,450 Juniper Networks, Inc 6,673 17,800 Kaga Electronics Co Ltd 400 647,500 KCE Electronics PCL 1,164 405,938 Keyence Corp 185,009 227,444 * Keysight Technologies, Inc 32,615 60,679 * Kimball Electronics, Inc 1,566 39,000 King Slide Works Co Ltd 451 277,705 Kingboard Chemical Holdings Ltd 1,503 1,041,246 Kingboard Laminates Holdings Ltd 2,267 18,279 *,e KMW Co Ltd 1,049 454,691 * Knowles Corp 9,512 29,400 Koa Corp 417 461,900 e Konica Minolta Holdings, Inc 2,516 21,670 * KVH Industries, Inc 275 14,793 Kyocera Corp 941 13,000 L&F Co Ltd 908 22,813 Landis&Gyr Group AG. 1,535 40,625 Largan Precision Co Ltd 4,595 510 LEM Holding S.A. 985 2,844,399 Lenovo Group Ltd 4,060 261,423 Lens Technology Co Ltd 1,049 129,661 Leyard Optoelectronic Co Ltd 143

165

VALUE SHARES COMPANY (000) 347,684 Lingyi iTech Guangdong Co $ 436 852,277 Lite-On Technology Corp 1,890 33,087 Littelfuse, Inc 8,750 185,556 Logitech International S.A. 19,460 54,995 Lotes Co Ltd 967 25,136 LPKF Laser & Electronics AG. 703 106,653 * Lumentum Holdings, Inc 9,743 20,475 * Luna Innovations, Inc 216 371,124 Luxshare Precision Industry Co Ltd 1,928 50,507 Macnica Fuji Electronics Holdings, Inc 1,012 8,300 Maruwa Co Ltd 854 59,600 * Maxell Holdings Ltd 755 7,158 Maxscend Microelectronics Co Ltd 669 63,991 Mcj Co Ltd 558 9,428 Mcnex Co Ltd 465 15,700 Meiko Electronics Co 382 5,165 Melco Holdings, Inc 181 559,076 Merry Electronics Co Ltd 2,619 50,735 Methode Electronics, Inc 2,130 198,000 *,†,e MH Development Ltd 0^ 75,730 e Micronic AB 1,779 258,200 Micro-Star International Co Ltd 1,586 636,893 Mitac Holdings Corp 647 288,105 Motorola Solutions, Inc 54,178 30,880 * MTS Systems Corp 1,797 419,627 Murata Manufacturing Co Ltd 33,778 95,000 Nan Ya Printed Circuit Board Corp 1,188 10,062 *,e Napco Security Technologies, Inc 350 258,663 e National Instruments Corp 11,170 177,395 *,e NCR Corp 6,732 36,611 Neopost S.A. 879 174,490 NetApp, Inc 12,680 45,257 * Netgear, Inc 1,860 110,064 * Netscout Systems, Inc 3,099 73,412 * Newmax Technology Co Ltd 147 52,750 e Nichicon Corp 537 66,815 Ninestar Corp 254 21,000 Nippon Ceramic Co Ltd 507 249,876 Nippon Electric Glass Co Ltd 5,808 46,256 Nippon Signal Co Ltd 411 42,960 Nissha Printing Co Ltd 534 66,180 * nLight, Inc 2,144 19,372 Nohmi Bosai Ltd 377 1 * Nokia Corp (ADR) 0^ 4,762,640 * Nokia Oyj (Turquoise) 19,020 43,321 * Novanta, Inc 5,714 1,629,510 OFILM Group Co Ltd 2,166 76,736 * Oki Electric Industry Co Ltd 799 122,268 Omron Corp 9,578 30,679 Optex Co Ltd 458 6,073 OptoElectronics Solutions Co Ltd 250 73,437 * OSI Systems, Inc 7,057 301,224 Pan-International Industrial 475 13,896 *,e PAR Technology Corp 909

166

VALUE SHARES COMPANY (000) 16,842 PC Connection, Inc $ 781 36,027 PCTEL, Inc 250 765,915 Pegatron Technology Corp 1,998 44,406 * Plantronics, Inc 1,728 48,620 * Plexus Corp 4,465 40,399 * Powerfleet, Inc 332 294,414 Primax Electronics Ltd 660 2,066,000 Prime View International Co Ltd 4,011 371,066 * Pure Storage, Inc 7,993 1,134,390 Quanta Computer, Inc 3,913 143,000 Quanta Storage, Inc 214 94,600 * Quantum Corp 788 40,487 * Radware Ltd 1,056 200,535 * Redington India Ltd 524 37,629 Renishaw plc 3,322 20,725 *,e Research Frontiers, Inc 59 195,275 *,e Resonant, Inc 828 22,047 Restar Holdings Corp 407 181,374 * Ribbon Communications, Inc 1,489 590,185 e Ricoh Co Ltd 6,016 14,726 Riken Keiki Co Ltd 367 27,098 Riso Kagaku Corp 361 728,881 * Ritek Corp 269 49,710 * Rogers Corp 9,356 13,433 Ryosan Co Ltd 275 16,500 e Ryoyo Electro Corp 399 6,629 SAES Getters S.p.A. 163 201,818 Samsung Electro-Mechanics Co Ltd 33,687 6,108,727 Samsung Electronics Co Ltd 441,934 322,992 Samsung Electronics Co Ltd (Preference) 20,920 34,753 Samsung SDI Co Ltd 20,436 5,875 Samwha Capacitor Co Ltd 357 6,506 Sang-A Frontec Co Ltd 305 213,002 * Sanmina Corp 8,814 11,000 Sanshin Electronics Co Ltd 200 38,186 * Scansource, Inc 1,144 5,575 e Seagate Technology, Inc 428 83,760 e Seiko Epson Corp 1,367 8,332 *,g Sensirion Holding AG. 558 17,000 Sensortek Technology Corp 448 9,664 * Seojin System Co Ltd 399 171,419 Sercomm Corp 446 23,020 * Sesa S.p.A 2,812 133,084 Shengyi Technology Co Ltd 463 22,205 Shennan Circuits Co Ltd 300 70,621 Shenzhen Kaifa Technology Co Ltd 207 65,202 Shenzhen Sunway Communication Co Ltd 284 97,517 Shimadzu Corp 3,536 27,800 e Shinko Shoji Co Ltd 201 38,299 *,e Sierra Wireless, Inc 563 31,300 Siix Corp 463 503,907 Simplo Technology Co Ltd 6,586 432,423 Sinbon Electronics Co Ltd 4,019 568,242 SKP Resources BHD 304

167

VALUE SHARES COMPANY (000) 33,810 * Solid, Inc $ 271 9,149 Solus Advanced Materials Co Ltd 384 118,310 Spectris plc 5,427 71,000 Speed Tech Corp 225 1,036,713 Spirent Communications plc 3,408 111,552 Sterlite Technologies Ltd 298 562,988 * Stratasys Ltd 14,581 210,085 Strix Group plc 781 278,949 Sunny Optical Technology Group Co Ltd 6,409 54,000 Sunrex Technology Corp 126 55,604 * Super Micro Computer, Inc 2,172 270,985 Supreme Electronics Co Ltd 407 88,541 Suzhou Dongshan Precision Manufacturing Co Ltd 249 75,250 Syncmold Enterprise Corp 231 82,831 Synnex Corp 9,512 557,621 Synnex Technology International Corp 1,069 16,100 Tachibana Eletech Co Ltd 235 178,000 Taiwan Union Technology Corp 749 120,540 Taiyo Yuden Co Ltd 5,693 78,500 Tamura Corp 364 56,279 TDK Corp 7,834 1,750,622 TE Connectivity Ltd 226,023 214,110 * Telcon RF Pharmaceutical Inc 953 120,495 Test Research, Inc 250 53,000 Thinking Electronic Industrial Co Ltd 360 31,004 Tianjin 712 Communication & Broadcasting Co Ltd 162 80,630 Tianma Microelectronics Co Ltd 173 73,284 * Tobii AB 523 116,220 Tong Hsing Electronic Industries Ltd 842 3,240,000 Tongda Group Holdings Ltd 226 103,056 Topcon Corp 1,254 25,985 * Toshiba TEC Corp 954 240,000 * TPK Holding Co Ltd 423 145,000 Transcend Information, Inc 332 269,623 * Trimble Inc 20,974 1,064,574 Tripod Technology Corp 5,267 158,500 * TTM Technologies, Inc 2,298 226,039 TXC Corp 817 12,933 Ubiquiti, Inc 3,858 28,571 Ubiquoss Holdings, Inc 553 488,011 Unimicron Technology Corp 1,578 204,411 Unisplendour Corp Ltd 621 411,500 Unitech Printed Circuit Board Corp 317 102,498 Universal Scientific Industrial Shanghai Co Ltd 304 9,505 V Technology Co Ltd 470 124,200 Venture Corp Ltd 1,855 81,225 * Viasat, Inc 3,904 404,815 * Viavi Solutions, Inc 6,356 211,057 Vishay Intertechnology, Inc 5,082 81,282 * Vishay Precision Group, Inc 2,504 64,871 * Visionox Technology, Inc 94 2,448,225 * Vontier Corp 74,108 1,122,514 VS Industry BHD 774 1,473,042 VST Holdings Ltd 1,344

168

VALUE SHARES COMPANY (000) 120,136 Wah Lee Industrial Corp $ 346 121,841 Walsin Technology Corp 1,075 400,000 Wasion Group Holdings Ltd 124 358,772 Western Digital Corp 23,948 70,284 Wingtech Technology Co Ltd 1,058 190,500 *,†,b Wintek Corp 0^ 15,619 WiSoL Co Ltd 179 1,101,323 Wistron Corp 1,299 230,372 Wistron NeWeb Corp 604 66,049 Wiwynn Corp 1,958 588,519 WPG Holdings Co Ltd 1,009 13,333 *,e Wrap Technologies Inc 74 262,783 WT Microelectronics Co Ltd 435 82,654 Wuhan Guide Infrared Co Ltd 453 162,174 Wuhu Token Science Co Ltd 185 110,948 WUS Printed Circuit Kunshan Co Ltd 284 20,121 Wuxi Lead Intelligent Equipment Co Ltd 244 117,088 Xerox Holdings Corp 2,842 5,585,800 *,g Xiaomi Corp 18,657 15,750 *,† Ya Hsin Industrial Co Ltd 0 146,979 Yageo Corp 2,877 37,647 Yealink Network Technology Corp Ltd 393 10,519 Yokogawa Electric Corp 194 13,284 Yokowo Co Ltd 327 82,246 * Zebra Technologies Corp (Class A) 39,904 18,127 *,e Zepp Health Corp (ADR) 195 185,218 Zhejiang Dahua Technology Co Ltd 700 251,558 Zhen Ding Technology Holding Ltd 1,068 33,123 Zhongji Innolight Co Ltd 179 229,003 ZTE Corp 1,031 319,199 e ZTE Corp (Class H) 816 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 7,749,112

TELECOMMUNICATION SERVICES - 1.4% 477,871 Advanced Info Service PCL (Foreign) 2,658 721,520 g Airtel Africa plc 789 92,771 Alaska Communications Systems Group, Inc 302 29,641,532 America Movil S.A. de C.V. (Series L) 20,245 36,657 * Anterix, Inc 1,729 22,200 ARTERIA Networks Corp 330 1,396,929 * Asia Pacific Telecom Co Ltd 468 12,810,429 AT&T, Inc 387,772 17,818 ATN International, Inc 875 1,124,106 Axiata Group Bhd 990 662,920 *,e Axtel SAB de C.V. 179 56,318 *,e Bandwidth Inc 7,138 147,582 BCE, Inc 6,662 2,130,466 * Bezeq Israeli Telecommunication Corp Ltd 2,281 3,102,065 Bharti Airtel Ltd 22,004 147,381 * Boingo Wireless, Inc 2,074 7,548,455 * BT Group plc 16,103 92,981 * Cellcom Israel Ltd 348 723,354 e,g Cellnex Telecom SAU 41,700 18,000 Chief Telecom, Inc 200

169

VALUE SHARES COMPANY (000) 1,515,653 Chunghwa Telecom Co Ltd $ 5,930 66,222 * Cincinnati Bell, Inc 1,017 3,347,641 Citic 1616 Holdings Ltd 1,186 30,947 Cogent Communications Group, Inc 2,128 123,890 * Consolidated Communications Holdings, Inc 892 3,322,275 Deutsche Telekom AG. 66,955 1,160,344 Digi.Com BHD 1,019 119,196 Elisa Oyj (Series A) 7,150 679,459 Emirates Telecommunications Group Co PJSC 4,003 340,675 Empresa Nacional de Telecomunicaciones S.A. 2,139 147,466 * Etihad Etisalat Co 1,163 102,628 g Euskaltel S.A. 1,336 625,282 Far EasTone Telecommunications Co Ltd 1,405 132,286 Freenet AG. 3,169 13,192 Globe Telecom, Inc 512 40,352 *,e Gogo, Inc 390 91,827 Hellenic Telecommunications Organization S.A. 1,473 685,120 HKBN Ltd 998 3,196,739 HKT Trust and HKT Ltd 4,563 1,665,607 Hutchison Telecommunications Hong Kong Holdings Ltd 318 27,632 * IDT Corp (Class B) 626 12,355 Iliad S.A. 2,347 2,630,228 * Indosat Tbk PT 1,139 289,224 Indus Towers Ltd 972 284,107 g Infrastrutture Wireless Italiane S.p.A 3,164 51,624 Internet Initiative Japan, Inc 1,215 1,891,060 Intouch Holdings PCL (Class F) 3,520 143,802 * Iridium Communications, Inc 5,932 2,878,985 Jasmine International PCL 269 1,014,287 KDDI Corp 31,251 3,349,150 Koninklijke KPN NV 11,360 222,725 *,†,e Let’s GOWEX S.A. 3 86,836 LG Telecom Ltd 942 57,893 * Liberty Global plc (Class A) 1,486 1,035 * Liberty Global plc (Class C) 26 231,466 * Liberty Latin America Ltd (Class A) 2,970 395,593 *,e Liberty Latin America Ltd (Class C) 5,135 823,029 Link Net Tbk PT 182 1,485,440 e Lumen Technologies, Inc 19,831 356,165 e Magyar Telekom 469 924,983 Maxis BHD 1,009 102,834 e Millicom International Cellular S.A. 3,957 1,977,255 Mobile Telecommunications Co KSC 3,961 377,397 * Mobile Telecommunications Co Saudi Arabia 1,511 178,993 Mobile TeleSystems (ADR) 1,493 34,481 Mobistar S.A. 926 1,491,183 MTN Group Ltd 8,758 3,220,966 NetLink NBN Trust 2,264 630,910 Nippon Telegraph & Telephone Corp 16,279 517,855 NOS SGPS S.A. 1,885 84,127 * Ooma, Inc 1,333 357,521 Ooredoo QSC 695 1,865,583 Orange S. A. 22,958 137,899 * ORBCOMM, Inc 1,052

170

VALUE SHARES COMPANY (000) 3,618,589 PCCW Ltd $ 2,044 33,792 PLDT, Inc 855 127,837 Proximus plc 2,781 323,204 Rogers Communications, Inc (Class B) 14,904 121,080 Rostelecom (ADR) 1,023 7,783 Rostelecom (ADR) (OTC US) 66 20,844,733 Sarana Menara Nusantara Tbk PT 1,579 532,179 Saudi Telecom Co 18,005 35,325 Shenandoah Telecom Co 1,724 6,711,396 Singapore Telecommunications Ltd 12,195 13,252 Sistema PJSFC 120 206,441 Sistema PJSFC (London) 1,866 15,811 SK Telecom Co Ltd 3,855 46,612,700 * Smartfren Telecom Tbk PT 247 390,141 SmarTone Telecommunications Holding Ltd 228 2,077,940 e Softbank Corp 27,033 1,231,048 * Softbank Group Corp 104,809 31,068 e Spok Holdings, Inc 326 694,514 StarHub Ltd 662 21,907 e Swisscom AG. 11,753 668,506 Taiwan Mobile Co Ltd 2,301 54,359 Tata Communications Ltd 792 418,643 Tele2 AB (B Shares) 5,647 95,313 e Telecom Argentina S.A. (ADR) (Class B) 526 829,970 Telecom Corp of New Zealand Ltd 2,600 380,535 Telecom Egypt 269 5,067,999 Telecom Italia RSP 2,914 14,509,566 Telecom Italia S.p.A. 7,849 461,285 Telefonica Brasil S.A. 3,625 2,182,306 Telefonica Deutschland Holding AG. 6,402 4,751,928 Telefonica S.A. 21,364 220,311 Telekom Austria AG. 1,736 431,984 Telekom Malaysia BHD 639 263,539 * Telekomunikacja Polska S.A. 439 591,964 Telenor ASA 10,429 139,135 Telephone & Data Systems, Inc 3,195 949,200 *,e Telesites SAB de C.V. 987 2,075,518 TeliaSonera AB 8,999 19,701,901 Telkom Indonesia Persero Tbk PT 4,650 233,083 Telkom S.A. Ltd 668 3,904,460 Telstra Corp Ltd 10,110 387,251 TELUS Corp 7,713 743,249 TIM S.A. 1,673 253,127 Time dotCom BHD 873 2,955,122 * T-Mobile US, Inc 370,247 294,855 Total Access Communication PCL (Foreign) 311 15,025,136 Tower Bersama Infrastructure 2,143 310,440 TPG Telecom Ltd 1,500 5,071,762 True Corp PCL (Foreign) 553 506,448 Turkcell Iletisim Hizmet AS 925 90,900 United Internet AG. 3,649 19,149 * US Cellular Corp 699 88,400 e V-Cube, Inc 2,132 5,651,940 Verizon Communications, Inc 328,660

171

VALUE SHARES COMPANY (000) 245,945 Vodacom Group Pty Ltd $ 2,103 24,964,460 Vodafone Group plc 45,525 52,800 e Vodafone Group plc (ADR) 973 12,886,689 * Vodafone Idea Ltd 1,640 1,353,422 Vodafone Qatar 611 540,455 * Vonage Holdings Corp 6,388 2,987,562 XL Axiata Tbk PT 431 TOTAL TELECOMMUNICATION SERVICES 1,895,732

TRANSPORTATION - 2.0% 52,528 †,e Abertis Infraestructuras S.A. (Continuous) 339 202,997 * Adani Ports & Special Economic Zone Ltd 1,955 20,431 * Aegean Airlines S.A. 126 57,095 g Aena S.A. 9,263 163,818 *,g Aeroflot PJSC (GDR) 776 24,867 Aeroports de Paris 2,967 995,694 Agility Public Warehousing Co KSC 2,395 1,840,695 * Air Arabia PJSC 633 612,542 * Air Canada 12,746 145,529 Air China Ltd 201 835,910 Air China Ltd (H shares) 726 194,196 *,e Air France-KLM 1,159 525,640 *,e Air New Zealand Ltd 629 42,601 * Air Transport Services Group, Inc 1,247 1,057,200 * AirAsia BHD 251 1,969,200 Airports of Thailand PCL (ADR) 4,362 1,611,788 Airports of Thailand PCL (Foreign) 3,570 219,745 * Alaska Air Group, Inc 15,209 99,818 g ALD S.A. 1,460 104,275 * All Nippon Airways Co Ltd 2,426 19,513 * Allegiant Travel Co 4,762 12,528 Amerco, Inc 7,675 877,991 *,e American Airlines Group, Inc 20,984 340,000 Anhui Expressway Co 235 4,567 AP Moller - Maersk AS (Class A) 9,938 5,185 AP Moller - Maersk AS (Class B) 12,037 545,558 Aramex PJSC 584 39,430 ArcBest Corp 2,775 1,803,100 * Asia Aviation PCL 163 13,233 * Asiana Airlines 178 38,021 * Atlas Air Worldwide Holdings, Inc 2,298 999,099 Atlas Arteria Ltd 4,534 173,831 e Atlas Corp 2,373 559,573 * Auckland International Airport Ltd 3,072 1,594,457 Aurizon Holdings Ltd 4,738 63,487 * Autostrada Torino-Milano S.p.A. 1,919 419,034 * Autostrade S.p.A. 7,842 38,956 * Avis Budget Group, Inc 2,826 655,375 * Azul S.A. 4,407 501,700 * Bangkok Airways Co Ltd 137 155,800 Bangkok Aviation Fuel Services PCL 135 6,183,962 Bangkok Expressway & Metro PCL 1,735 910,810 Beijing Capital International Airport Co Ltd 710 302,479 Beijing-Shanghai High Speed Railway Co Ltd 271

172

VALUE SHARES COMPANY (000) 104,917 bpost S.A. $ 1,002 6,150,937 BTS Group Holdings PCL 1,899 776,403 Canadian National Railway Co 90,102 122,663 Canadian Pacific Railway Ltd (Toronto) 46,851 94,960 *,e Cathay Pacific Airways Ltd 89 130,040 * Cebu Air, Inc 121 207,089 Central Japan Railway Co 31,005 184,968 CH Robinson Worldwide, Inc 17,651 1,961,000 * China Airlines 1,050 195,400 China Eastern Airlines Corp Ltd 163 640,667 China Merchants Holdings International Co Ltd 985 676,447 *,e China Southern Airlines Co Ltd 502 198,959 * China Southern Airlines Co Ltd (Class A) 209 84,914 *,e Chorus Aviation, Inc 307 1,121,872 Cia de Concessoes Rodoviarias 2,575 126,757 Cia de Distribucion Integral Logista Holdings SAU 2,515 251,687 Cia de Locacao das Americas 1,108 2,212,400 ComfortDelgro Corp Ltd 2,820 10,416,117 * Compania SudAmericana de Vapores S.A. 561 112,364 Container Corp Of India Ltd 921 503,675 *,e Controladora Vuela Cia de Aviacion SAB de C.V. 718 43,061 * Copa Holdings S.A. (Class A) 3,479 1,299,600 *,e Cosco Corp Singapore Ltd 271 481,120 Cosco International Holdings Ltd 168 769,536 COSCO Pacific Ltd 562 510,127 * COSCO SHIPPING Holdings Co Ltd 1,060 1,080,238 * COSCO SHIPPING Holdings Co Ltd 1,398 408,319 Costamare, Inc 3,928 23,635 * Covenant Transportation Group, Inc 487 1,447,267 CSX Corp 139,545 135,212 CTT-Correios de Portugal S.A. 534 28,329 D/S Norden 656 442,377 Daqin Railway Co Ltd 474 31,771 *,e Daseke, Inc 270 1,471,626 * Delta Air Lines, Inc 71,050 250,273 * Deutsche Lufthansa AG. 3,319 952,688 Deutsche Post AG. 52,265 35,631 * Dfds A.S. 1,822 453,571 DSV AS 88,965 10,798 *,e Eagle Bulk Shipping, Inc 390 325,238 East Japan Railway Co 23,127 188,327 * easyJet plc 2,540 92,100 * Echo Global Logistics, Inc 2,893 157,635 * EcoRodovias Infraestrutura e Logistica S.A. 328 272,722 g Enav S.p.A 1,326 12,081 e Eneti, Inc 254 1,741,000 Eva Airways Corp 960 1,226,648 Evergreen International Storage & Transport Corp 795 988,532 * Evergreen Marine Corp Tawain Ltd 1,587 18,064 Exchange Income Corp 578 252,777 Expeditors International of Washington, Inc 27,222 343,668 FedEx Corp 97,615 613,736 *,e Finnair Oyj 510 1,272,229 * Firstgroup plc 1,614

173

VALUE SHARES COMPANY (000) 37,938 Fraport AG. Frankfurt Airport Services Worldwide $ 2,305 28,460 Fukuyama Transporting Co Ltd 1,175 37,070 Genco Shipping & Trading Ltd 374 368,838 Getlink S.E. 5,654 1,700,596 * GMR Infrastructure Ltd 567 45,935 Go-Ahead Group plc 861 120,379 * Gol Linhas Aereas Inteligentes S.A. 460 91,019 * Golden Ocean Group Ltd 632 262,716 *,e Grupo Aeroportuario del Centro Norte Sab de C.V. 1,652 317,349 *,e Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares) 3,317 169,053 *,e Grupo Aeroportuario del Sureste S.A. de C.V. (Class B) 3,003 49,902 Guangzhou Baiyun International Airport Co Ltd 102 208,390 Gujarat Pipavav Port Ltd 277 219,729 Gulf Warehousing Co 308 103,000 * Hainan Meilan International Airport Co Ltd 451 17,000 Hamakyorex Co Ltd 500 27,662 Hamburger Hafen und Logistik AG. 613 5,872 Hanjin Transportation Co Ltd 224 162,511 Hankyu Hanshin Holdings, Inc 5,214 73,387 * Hawaiian Holdings, Inc 1,957 136,435 Heartland Express, Inc 2,671 46,025 Hitachi Transport System Ltd 1,549 5,827 Hopewell Highway Infrastructure Ltd 2 203,836 * Hub Group, Inc (Class A) 13,714 5,591,751 Hutchison Port Holdings Trust 1,262 26,212 Hyundai Glovis Co Ltd 4,367 186,602 * Hyundai Merchant Marine Co Ltd 4,805 2,637 * ID Logistics Group 705 87,338 Iino Kaiun Kaisha Ltd 419 129,079 Imperial Holdings Ltd 414 38,635 *,g InterGlobe Aviation Ltd 864 926,369 International Container Term Services, Inc 2,316 95,037 * Japan Airlines Co Ltd 2,128 46,453 * Japan Airport Terminal Co Ltd 2,291 1,728,400 Jasa Marga Tbk PT 481 43,097 Jazeera Airways Co KSCP 103 21,583 JB Hunt Transport Services, Inc 3,627 10,300 * Jeju Air Co Ltd 213 164,561 * JET2 plc 2,877 433,854 * JetBlue Airways Corp 8,825 546,915 Jiangsu Express 681 25,783 * Jin Air Co Ltd 469 107,600 Kamigumi Co Ltd 2,041 463,187 Kansas City Southern 122,244 49,288 * Kawasaki Kisen Kaisha Ltd 1,134 127,190 Keihin Electric Express Railway Co Ltd 1,923 70,593 Keio Corp 4,753 79,402 Keisei Electric Railway Co Ltd 2,600 641,009 e Kerry Logistics Network Ltd 1,922 140,225 * Kintetsu Corp 5,354 254,700 Kintetsu World Express, Inc 6,620 81,149 * Kirby Corp 4,892 174,403 Knight-Swift Transportation Holdings, Inc 8,387 25,868 Konoike Transport Co Ltd 283

VALUE SHARES COMPANY (000) 3,186 * Korea Express Co Ltd $ 517 93,652 * Korea Line Corp 285 61,503 * Korean Air Lines Co Ltd 1,488 54,392 Kuehne & Nagel International AG. 15,536 95,516 Kyushu Railway Co 2,225 45,677 Landstar System, Inc 7,539 1,357,417 Localiza Rent A Car 14,405 374,310 *,e Lyft, Inc (Class A) 23,649 101,313 Macquarie Infrastructure Co LLC 3,223 635,545 g Mahindra Logistics Ltd 5,051 424,854 Malaysia Airports Holdings BHD 642 281,588 Marten Transport Ltd 4,779 36,650 e Maruwa Unyu Kikan Co Ltd 640 26,230 Maruzen Showa Unyu Co Ltd 770 67,565 Matson, Inc 4,507 48,591 * Mesa Air Group, Inc 654 1,321,740 MISC BHD 2,176 54,928 e Mitsubishi Logistics Corp 1,683 113,700 e Mitsui OSK Lines Ltd 4,001 47,114 Mitsui-Soko Co Ltd 925 570,300 MMC Corp BHD 142 109,952 Movida Participacoes S.A. 327 694,363 MTR Corp 3,949 95,930 Mullen Group Ltd 930 84,035 * Nagoya Railroad Co Ltd 2,002 106,727 Nankai Electric Railway Co Ltd 2,454 102,554 e Napier Port Holdings Ltd 243 554,040 National Express Group plc 2,351 57,926 Nippon Express Co Ltd 4,321 96,349 Nippon Konpo Unyu Soko Co Ltd 1,939 72,566 Nippon Yusen Kabushiki Kaisha 2,482 60,600 Nishi-Nippon Railroad Co Ltd 1,621 202,089 *,g Nobina AB 1,695 34,585 Norfolk Southern Corp 9,287 204,594 Odakyu Electric Railway Co Ltd 5,598 34,265 e Oesterreichische Post AG. 1,499 151,298 Old Dominion Freight Line 36,374 5,322,290 Pacific Basin Shipping Ltd 1,441 1,381 * PAM Transportation Services, Inc 85 106,962 Pan Ocean Co Ltd 586 8,926 e Pangaea Logistics Solutions Ltd 28 25,064 * Pegasus Hava Tasimaciligi AS. 219 5,486 Piraeus Port Authority 141 186,382 Promotora y Operadora de Infraestructura SAB de C.V. 1,426 866,143 * Qantas Airways Ltd 3,362 416,408 Qatar Navigation QSC 881 1,864,219 Qube Logistics Holdings Ltd 4,256 110,603 * Radiant Logistics, Inc 769 260,366 Redde Northgate plc 1,106 1,525,812 * Royal Mail plc 10,619 1,120,846 * Rumo S.A. 4,032 24,437 e Ryder System, Inc 1,849 281,028 *,e Safe Bulkers, Inc 689 75,597 * Sagami Railway Co Ltd 1,695

175

VALUE SHARES COMPANY (000) 22,170 Sakai Moving Service Co Ltd $ 994 55,650 Sankyu, Inc 2,449 355,004 Santos Brasil Participacoes S.A. 430 3,899,385 *,e SAS AB 898 70,558 * Saudi Ground Services Co 610 30,688 Saudi Industrial Services Co 315 47,201 * Saudi Public Transport Co 327 85,504 SBS Holdings, Inc 2,144 81,672 Schneider National, Inc 2,039 29,115 * SEACOR Holdings, Inc 1,186 176,286 * Seibu Holdings, Inc 1,947 139,006 Seino Holdings Corp 1,940 105,696 e Senko Co Ltd 1,002 104,139 SF Holding Co Ltd 1,294 358,890 SG Holdings Co Ltd 8,240 93,800 * Shandong Airlines Co Ltd 74 19,196 Shanghai International Airport Co Ltd 170 212,360 Shanghai International Port Group Co Ltd 155 119,844 Shanghai Jinjiang International Investment Holdings Co 92 44,523 Shenzhen Airport Co Ltd 60 495,902 Shenzhen International Holdings Ltd 833 9,400 Shinwa Kaiun Kaisha Ltd 161 226,800 SIA Engineering Co Ltd 367 684,000 Sichuan Expressway Co Ltd 168 858,680 Signature Aviation plc 4,786 232,797 SIMPAR S.A. 1,545 232,720 Sincere Navigation 179 1,132,350 *,e Singapore Airlines Ltd 4,676 664,700 * Singapore Airport Terminal Services Ltd 2,153 1,601,019 Singapore Post Ltd 835 108,347 Sinotrans Ltd (Class A) 71 2,995,848 SITC International Co Ltd 10,196 14,129 * Sixt AG. 1,868 18,817 Sixt AG. (Preference) 1,471 76,462 * Skywest, Inc 4,166 799,319 * Southwest Airlines Co 48,806 223,484 * SpiceJet Ltd 213 154,310 *,e Spirit Airlines, Inc 5,694 18,934 Spring Airlines Co Ltd 173 464,363 * Stagecoach Group plc 643 48,773 STO Express Co Ltd 69 29,475 Stolt-Nielsen S.A. 435 56,183 Sumitomo Warehouse Co Ltd 748 1,027,120 * Sydney Airport 4,853 1,874,501 Taiwan High Speed Rail Corp 2,070 137,214 * TAV Havalimanlari Holding AS 339 20,599 Tegma Gestao Logistica 69 173,351 TFI International, Inc 12,994 1,412,000 Tianjin Port Development Holdings Ltd 114 732,837 * TNT NV 3,552 120,743 Tobu Railway Co Ltd 3,252 356,518 Tokyu Corp 4,755 6,015 Tonami Holdings Co Ltd 293 5,648,600 *,† Trada Alam Minera Tbk PT 0^

176

VALUE SHARES COMPANY (000) 2,315,306 Transurban Group $ 23,538 233,714 * Turk Hava Yollari 362 3,619,677 * Uber Technologies, Inc 197,309 325,000 U-Ming Marine Transport Corp 470 2,698,133 Union Pacific Corp 594,695 419,771 * United Airlines Holdings Inc 24,154 424,344 United International Transportation Co 4,967 1,531,893 United Parcel Service, Inc (Class B) 260,406 35,769 Universal Logistics Holdings Inc 941 35,805 * US Xpress Enterprises, Inc 421 67,336 *,† Virgin Australia Int Holdings 0 83,566 Wallenius Wilhelmsen ASA 271 423,000 Wan Hai Lines Ltd 820 132,637 Werner Enterprises, Inc 6,256 123,323 West Japan Railway Co 6,843 644,894 Westports Holdings BHD 654 46,609 e Westshore Terminals Investment Corp 720 306,042 Wisdom Marine Lines Co Ltd 385 150,660 *,e XPO Logistics, Inc 18,576 399,121 Yamato Transport Co Ltd 10,960 896,523 * Yang Ming Marine Transport 1,195 86,959 YTO Express Group Co Ltd 148 800,000 Yuexiu Transport Infrastructure Ltd 506 40,515 Yunda Holding Co Ltd 87 618,968 Zhejiang Expressway Co Ltd 549 160,883 ZTO Express Cayman, Inc (ADR) 4,690 TOTAL TRANSPORTATION 2,682,215

UTILITIES - 2.3% 1,627,844 A2A S.p.A. 2,963 1,564,581 Aboitiz Power Corp 758 3,191,500 AC Energy Corp 456 22,587 Acciona S.A. 3,795 127,978 ACEA S.p.A. 2,797 108,746 e Actelios S.p.A. 778 224,563 * Adani Gas Ltd 2,961 333,663 * Adani Green Energy Ltd 5,063 573,279 * Adani Power Ltd 669 120,076 AES Brasil Energia S.A. 371 516,652 AES Corp 13,851 2,897,156 AES Gener S.A. 491 348,364 *,† AET&D Holdings No 1 Ptd Ltd 0 582,319 AGL Energy Ltd 4,281 2,256,303 Aguas Andinas S.A. 698 542,734 e Algonquin Power & Utilities Corp 8,599 145,483 Allete, Inc 9,775 2,777,706 Alliant Energy Corp 150,441 255,390 e AltaGas Ltd 4,255 111,197 Alupar Investimento S.A. 507 2,116,431 e Ameren Corp 172,193 2,541,839 American Electric Power Co, Inc 215,294 27,655 American States Water Co 2,091 24,886 American Water Works Co, Inc 3,731 1,108,848 APA Group 8,467

177

VALUE SHARES COMPANY (000) 69,578 Atco Ltd $ 2,310 29,961 Athens Water Supply & Sewage Co S.A. 266 201,572 *,e Atlantic Power Corp 583 17,325 Atmos Energy Corp 1,713 1,598,107 AusNet Services 2,234 4,444 Avangrid, Inc 221 105,451 Avista Corp 5,035 57,413 * Aygaz AS 103 698,730 B Grimm Power PCL 1,027 603,600 Banpu Power PCL 389 495,100 BCPG PCL 233 3,262,000 *,e Beijing Energy International Holding Co Ltd 105 237,179 Beijing Enterprises Holdings Ltd 839 2,114,586 Beijing Enterprises Water Group Ltd 805 4,776,000 *,† Beijing Gas Blue Sky Holdings Ltd 36 1,096,000 Beijing Jingneng Clean Energy Co Ltd 249 21,546 BKW S.A. 2,346 177,505 e Black Hills Corp 11,852 85,483 Boralex, Inc 2,688 39,919 e Brookfield Infrastructure Corp 3,054 43,964 e Brookfield Infrastructure Corp 3,358 117,369 Brookfield Renewable Corp 5,498 835,493 Brookfield Renewable Corp 39,101 32,390 *,e Cadiz, Inc 311 40,753 California Water Service Group 2,296 118,744 Canadian Utilities Ltd 3,188 495,000 Canvest Environment Protection Group Co Ltd 229 112,785 e Capital Power Corp 3,267 94,221 e Capital Stage AG. 1,786 9,389,823 Centerpoint Energy, Inc 212,679 307,349 Centrais Eletricas Brasileiras S.A. 1,871 256,439 Centrais Eletricas Brasileiras S.A. (Preference) 1,586 73,867 *,e Central Puerto S.A. (ADR) 167 9,274,272 Centrica plc 6,924 44,027 CESC Ltd 358 67,392 CEZ AS 1,666 3,613,000 g CGN Power Co Ltd 875 32,089 Chesapeake Utilities Corp 3,725 1,712,631 China Datang Corp Renewable Power Co Ltd 328 513,000 e,g China Everbright Greentech Ltd 209 680,913 e China Everbright Water Ltd 124 1,018,365 China Gas Holdings Ltd 4,181 1,288,044 China Longyuan Power Group Corp 1,759 334,600 China National Nuclear Power Co Ltd 281 2,299,847 China Power International Development Ltd 536 377,312 China Resources Gas Group Ltd 2,094 848,373 China Resources Power Holdings Co 1,131 247,500 China Tian Lun Gas Holdings Ltd 241 642,254 China Water Affairs Group Ltd 527 536,101 China Yangtze Power Co Ltd 1,755 514,546 Chubu Electric Power Co, Inc 6,630 141,578 e Chugoku Electric Power Co, Inc 1,740 299,601 Cia de Saneamento Basico do Estado de Sao Paulo 2,193 1,195,200 Cia de Saneamento de Minas Gerais-COPASA 3,206

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 138,749 Cia de Saneamento do Parana 542 215,159 Cia de Saneamento do Parana (Preference) 169

178

VALUE SHARES COMPANY (000) 887,457 Cia Energetica de Minas Gerais $ 2,054 726,121 Cia Energetica de Sao Paulo (Class B) 3,633 11,856 Cia Energetica do Ceara 118 1,031,730 Cia Paranaense de Energia 1,307 617,723 CK Infrastructure Holdings Ltd 3,683 1,815,580 CK Power PCL 284 248,390 Clearway Energy, Inc (Class A) 6,585 298,572 Clearway Energy, Inc (Class C) 8,402 1,565,817 CLP Holdings Ltd 15,246 1,539,792 CMS Energy Corp 94,266 7,970,384 Colbun S.A. 1,550 4,600,000 Concord New Energy Group Ltd 332 46,552 Consolidated Edison, Inc 3,482 25,106 e Consolidated Water Co, Inc 338 734,319 Contact Energy Ltd 3,603 234,630 g ContourGlobal plc 661 202,828 CPFL Energia S.A. 1,096 160,673 Dominion Energy, Inc 12,205 61,785 * Doral Group Renewable Energy Resources Ltd 284 598,794 Drax Group plc 3,467 26,014 e DTE Energy Co 3,464 692,378 Duke Energy Corp 66,835 1,904,821 E.ON AG. 22,199 527,000 Eastern Water Resources Development and Management PCL 170 108,756 Edison International 6,373 232,045 EDP - Energias do Brasil S.A. 816 146,300 e Electric Power Development Co 2,560 536,014 Electricite de France 7,190 296,417 Electricity Generating PCL 1,765 25,978 e Elia System Operator S.A. 2,861 227,445 Emera, Inc 10,123 17,068 Enagas 372 204,931 Endesa S.A. 5,431 163,485 * Enea S.A. 263 25,172,670 Enel Chile S.A. 1,958 10,301,114 Enel S.p.A. 102,469 4,723,619 Energias de Portugal S.A. 26,980 138,833 Energisa S.A. 1,115 201,696 Energix-Renewable Energies Ltd 765 1,231,944 Energy Absolute PCL (Foreign) 2,454 182,137 g Enerjisa Enerji AS. 258 30,313,042 Enersis S.A. 5,059 538,544 * Eneva S.A. 1,598 164,548 Engie Brasil Energia S.A. 1,223 390,981 Engie Energia Chile S.A. 445 1,717,111 Engie S.A. 24,392 939,393 * Enlight Renewable Energy Ltd 1,761 316,135 ENN Energy Holdings Ltd 5,099 1,329,654 e Entergy Corp 132,261 755,553 Equatorial Energia S.A. 3,329 22,843 e eRex Co Ltd 382 60,398 ERG S.p.A. 1,796 38,360 Essential Utilities Inc 1,717 466,485 Evergy, Inc 27,770

179

VALUE SHARES COMPANY (000) 39,016 e EVN AG. $ 839 2,654,488 Exelon Corp 116,107 664,022 First Gen Corp 412 810,666 FirstEnergy Corp 28,122 220,544 g Fjordkraft Holding ASA 1,800 424,074 Fortis, Inc 18,401 344,645 Fortum Oyj 9,205 666,918 GAIL India Ltd 1,240 526,069 Genesis Energy Ltd 1,283 22,259 Genie Energy Ltd 141 597,757 Global Power Synergy Co Ltd (Foreign) 1,478 9,336 e Global Water Resources, Inc 152 1,159,210 Guangdong Investments Ltd 1,894 127,967 Gujarat Gas Ltd 964 1,107,545 Gujarat State Petronet Ltd 4,152 2,095,727 Gulf Energy Development PCL 2,252 3,189,719 Gunkul Engineering PCL 383 18,228 e Hawaiian Electric Industries, Inc 810 1,317,067 Hera S.p.A. 5,050 2,201,000 HK Electric Investments & HK Electric Investments Ltd 2,187 175,093 Hokkaido Electric Power Co, Inc 801 165,477 Hokuriku Electric Power Co 1,134 80,025 Holding CO ADMIE IPTO S.A. 258 10,083,790 Hong Kong & China Gas Ltd 15,989 1,305,438 Hong Kong Electric Holdings Ltd 7,727 250,419 Huadian Power International Corp Ltd (Class A) 141 232,566 Huaneng Power International, Inc 157 1,594,751 Huaneng Power International, Inc (Hong Kong) 567 569,413 Hub Power Co Ltd 303 300,382 g Hydro One Ltd 6,996 6,632,475 Iberdrola S.A. 85,605 71,911 Idacorp, Inc 7,189 116,748 Indraprastha Gas Ltd 820 443,601 * Infraestructura Energetica ,NV SAB de C.V. 1,712 747,389 Infratil Ltd 3,725 127,367 e Innergex Renewable Energy, Inc 2,227 1,027,900 *,† Inter Far East Energy Corp 0^ 366,921 Interconexion Electrica S.A. 2,255 363,224 Inversiones Aguas Metropolitanas S.A. 285 661,331 Iride S.p.A. 1,829 488,644 Italgas S.p.A 3,173 244,950 JSW Energy Ltd 295 15,300 K&O Energy Group, Inc 203 735,028 Kansai Electric Power Co, Inc 7,969 22,085 Kenon Holdings Ltd 672 3,885,093 Keppel Infrastructure Trust 1,589 1,465 Korea District Heating Corp 50 100,261 Korea Electric Power Corp 2,057 13,140 * Korea Gas Corp 393 234,996 Kyushu Electric Power Co, Inc 2,321 265,934 * Light S.A. 952 28,000 Luenmei Quantum Co Ltd 45 44,845 Mahanagar Gas Ltd 719 1,143,500 Malakoff Corp BHD 239

180

VALUE SHARES COMPANY (000) 926,300 * Manila Water Co, Inc $ 307 383,828 e MDU Resources Group, Inc 12,133 208,200 Mega First Corp BHD 366 575,763 Mercury NZ Ltd 2,617 1,094,725 Meridian Energy Ltd 4,127 48,933 MGE Energy, Inc 3,493 13,196 Middlesex Water Co 1,043 175,193 Mosenergo PJSC (ADR) 278 30,824 National Fuel Gas Co 1,541 32,667 * National Gas & Industrialization Co 283 2,824,908 National Grid plc 33,533 226,292 Naturgy Energy Group S.A. 5,556 30,966 *,e,g Neoen S.A. 1,552 147,683 New Jersey Resources Corp 5,888 4,451,835 NextEra Energy, Inc 336,603 107,187 Nippon Gas Co Ltd 1,867 52,443 NiSource, Inc 1,264 174,635 e Northland Power Income Fund 6,330 105,692 Northwest Natural Holding Co 5,702 121,777 NorthWestern Corp 7,940 511,963 NRG Energy, Inc 19,316 1,805,789 NTPC Ltd 2,642 35,265 OGE Energy Corp 1,141 38,201 Okinawa Electric Power Co, Inc 536 100,039 * Omega Geracao S.A. 698 106,670 ONE Gas, Inc 8,204 78,120 * OPC Energy Ltd 798 32,816 e Ormat Technologies, Inc 2,577 243,877 g Orsted AS 39,378 249,834 Osaka Gas Co Ltd 4,875 91,164 Otter Tail Corp 4,209 35,783 *,e Pampa Energia S.A. (ADR) 531 620,954 Pennon Group plc 8,344 743,778 Petronas Gas BHD 2,871 2,001,129 *,b PG&E Corp 23,433 378,763 * PGE Polska Grupa Energetyczna S.A. 651 22,127 Pinnacle West Capital Corp 1,800 188,487 PNM Resources, Inc 9,245 144,186 Portland General Electric Co 6,845 846,535 Power Grid Corp of India Ltd 2,502 106,090 PPL Corp 3,060 11,543,158 PT Perusahaan Gas Negara Persero Tbk 1,048 131,469 * Public Power Corp 1,403 68,743 Public Service Enterprise Group, Inc 4,139 43,345 * Pure Cycle Corp 582 216,008 Qatar Electricity & Water Co 1,007 353,127 Ratch Group PCL 580 67,703 Red Electrica Corp S.A. 1,201 641,462 Redes Energeticas Nacionais S.A. 1,790 35,100 *,e RENOVA, Inc 1,187 10,019 RGC Resources, Inc 222 96,980 Rubis S.C.A 4,590 2,469,800 RWE AG. 96,919 23,900 Saibu Gas Co Ltd 685

181

VALUE SHARES COMPANY (000) 877,620 Scottish & Southern Energy plc $ 17,597 166,312 SDIC Power Holdings Co Ltd 252 44,670 Sechilienne-Sidec 2,189 960,378 SembCorp Industries Ltd 1,316 420,180 Sempra Energy 55,707 16,305 Severn Trent plc 519 403,455 Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC 358 57,229 Shanghai Electric Power Co Ltd 68 154,500 Shenergy Co Ltd 146 11,388 Shenzhen Energy Group Co Ltd 19 150,942 Shikoku Electric Power Co, Inc 1,175 36,910 Shizuoka Gas Co Ltd 332 93,900 Sichuan Chuantou Energy Co Ltd 180 45,497 SJW Corp 2,866 138,061 Snam Rete Gas S.p.A. 765 66,390 * Solaria Energia y Medio Ambiente S.A. 1,408 14,275 * Solarpack Corp Tecnologica S.A. 351 128,000 *,† Sound Global Ltd 0^ 198,190 South Jersey Industries, Inc 4,475 143,129 Southern Co 8,897 148,296 Southwest Gas Holdings Inc 10,189 26,177 e Spark Energy, Inc 280 1,820,262 Spark Infrastructure Group 3,008 409,300 SPCG PCL 256 79,704 Spire, Inc 5,889 327,704 Suez Environnement S.A. 6,940 191,368 * Sunnova Energy International, Inc 7,812 12,431,856 * Super Energy Corp PCL (Foreign) 403 183,016 e Superior Plus Corp 2,071 311,450 Taiwan Cogeneration Corp 425 1,154,746 Tata Power Co Ltd 1,638 836,808 * Tauron Polska Energia S.A. 549 63,259 Telecom Plus plc 1,107 2,077,104 Tenaga Nasional BHD 5,073 37,287 Terna Energy S.A. 551 1,137,212 Terna Rete Elettrica Nazionale S.p.A. 8,588 39,059 e Toho Gas Co Ltd 2,410 246,380 Tohoku Electric Power Co, Inc 2,330 1,063,793 * Tokyo Electric Power Co, Inc 3,556 355,842 Tokyo Gas Co Ltd 7,928 142,568 Torrent Power Ltd 827 824,000 Towngas China Co Ltd 412 2,058,139 TPI Polene Power PCL 289 380,944 TransAlta Corp 3,607 111,200 e TransAlta Renewables, Inc 1,820 226,169 Transmissora Alianca de Energia Eletrica S.A. 1,564 1,056,678 TTW PCL 399 35,932 UGI Corp 1,474 157,072 Uniper SE 5,690 46,549 United Utilities Group plc 595 21,675 Unitil Corp 990 507,570 Veolia Environnement 13,021 63,324 e Verbund AG. 4,600 781,299 Vistra Energy Corp 13,813

182

VALUE SHARES COMPANY (000) 22,230 West Holdings Corp $ 696 892,500 WHA Utilities and Power PCL 128 2,294,198 Xcel Energy, Inc 152,587 8,541 York Water Co 418 1,604,300 * YTL Power International BHD 282 TOTAL UTILITIES 3,075,928

TOTAL COMMON STOCKS 129,012,633 (Cost $98,760,583)

PURCHASED OPTIONS - 0.0%

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0% 220,000 NVIDIA Corp 13,090 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 13,090

TOTAL PURCHASED OPTIONS 13,090 (Cost $6,260)

PREFERRED STOCKS - 0.0%

REAL ESTATE - 0.0% 8,497,223 *,† Ayala Land, Inc 17 TOTAL REAL ESTATE 17

TOTAL PREFERRED STOCKS 17 (Cost $20)

RIGHTS / WARRANTS - 0.0%

CAPITAL GOODS - 0.0% 79,135 e Abengoa S.A. (B Shares) 1 TOTAL CAPITAL GOODS 1

CONSUMER DURABLES & APPAREL - 0.0% 1,161,407 Cie Financiere Richemont S.A. 442 TOTAL CONSUMER DURABLES & APPAREL 442

CONSUMER SERVICES - 0.0% 69,576 e PointsBet Holdings Pty Ltd 207 TOTAL CONSUMER SERVICES 207

DIVERSIFIED FINANCIALS - 0.0% 26,653 Srisawad Corp PCL 16 TOTAL DIVERSIFIED FINANCIALS 16

183

VALUE SHARES COMPANY (000) ENERGY - 0.0% 8,918 e Weatherford International plc $ 4 TOTAL ENERGY 4

MATERIALS - 0.0% 2,903 Dawonsys Co Ltd 9 71,921 Izmir Demir Celik Sanayi AS. 39 37,560 Scientex BHD 11 18,877 Sociedad Quimica y Minera de Chile S.A. 76 TOTAL MATERIALS 135

MEDIA & ENTERTAINMENT - 0.0% 520,238 Advantage Solutions, Inc 1,670 230,631 † Media General, Inc 0 TOTAL MEDIA & ENTERTAINMENT 1,670

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0% 12,599 † Chinook Therapeutics, Inc 0 156,143 † Elanco Animal Health, Inc CVR 9 17,790 †,e Omthera Pharmaceuticals, Inc 11 569,684 Paion AG. 14 20,027 †,e Tobira Therapeutics, Inc 1 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 35

REAL ESTATE - 0.0% 28,048 MBK PCL 11 TOTAL REAL ESTATE 11

UTILITIES - 0.0% 30,966 Neoen S.A. 134 139,827 Snam S.p.A 0^ TOTAL UTILITIES 134

TOTAL RIGHTS / WARRANTS 2,655 (Cost $827)

MATURITY PRINCIPAL ISSUER RATE DATE SHORT-TERM INVESTMENTS - 2.9%

GOVERNMENT AGENCY DEBT - 1.3% $ 25,000,000 Federal Agricultural Mortgage Corp (FAMC) 0.080% 04/29/21 25,000 12,500,000 FAMC 0.095 05/28/21 12,500 10,000,000 FAMC 0.020 07/27/21 9,999 20,000,000 Federal Farm Credit Bank (FFCB) 0.030 04/08/21 20,000 25,000,000 FFCB 0.040 04/13/21 25,000 5,000,000 FFCB 0.100 08/03/21 4,999 30,000,000 FFCB 0.100 08/18/21 29,997 30,000,000 FFCB 0.110 09/30/21 29,994 50,000,000 FFCB 0.120 10/13/21 49,989 13,000,000 FFCB 0.110 11/19/21 12,996 20,000,000 FFCB 0.080 01/19/22 19,992 20,000,000 FFCB 0.080 01/28/22 19,992

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 33,333,000 FFCB 0.080 02/15/22 33,315 63,102,000 Federal Home Loan Bank (FHLB) 0.020-0.030 04/01/21 63,102

184

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 8,000,000 FHLB 0.010% 04/05/21 $ 8,000 57,429,000 FHLB 0.005-0.026 04/07/21 57,429 70,000,000 FHLB 0.030-0.085 04/09/21 70,000 16,545,000 FHLB 0.037 04/13/21 16,545 34,000,000 FHLB 0.030-0.039 04/14/21 34,000 17,179,000 FHLB 0.005 04/16/21 17,179 32,312,000 FHLB 0.035-0.110 04/21/21 32,312 12,500,000 FHLB 0.040 04/22/21 12,500 131,429,000 FHLB 0.010-0.033 04/23/21 131,429 29,360,000 FHLB 0.010 04/26/21 29,360 34,627,000 FHLB 0.032-0.035 04/28/21 34,627 61,500,000 FHLB 0.005-0.060 04/30/21 61,500 5,558,000 FHLB 0.010 05/03/21 5,558 20,000,000 FHLB 0.025 05/07/21 20,000 64,240,000 FHLB 0.030-0.035 05/10/21 64,239 33,000,000 FHLB 0.014-0.039 05/12/21 33,000 136,350,000 FHLB 0.012-0.099 05/19/21 136,348 50,000,000 FHLB 0.060 06/02/21 49,999 29,000,000 FHLB 0.085 06/02/21 28,999 3,200,000 FHLB 0.035 06/08/21 3,200 3,970,000 FHLB 0.025 06/16/21 3,970 50,000,000 FHLB 0.023 06/28/21 49,997 91,750,000 FHLB 0.080-0.090 06/30/21 91,745 46,563,000 FHLB 0.085-0.090 07/23/21 46,559 20,000,000 FHLB 0.050 08/06/21 19,998 35,000,000 FHLB 0.053-0.055 08/13/21 34,996 31,260,000 FHLB 0.057-0.058 08/18/21 31,256 32,140,000 FHLB 0.050-0.060 08/25/21 32,136 91,610,000 FHLB 0.060 09/01/21 91,594 23,000,000 FHLB 0.055 09/03/21 22,996 20,000,000 FHLB 0.058 09/08/21 19,997 9,000,000 FHLB 0.025 09/15/21 8,998 11,140,000 Federal Home Loan Mortgage Corp (FHLMC) 4.551 01/13/22 11,341 3,605,000 Federal National Mortgage Association (FNMA) 5.030 01/11/22 3,677 9,483,000 FNMA 3.831 01/05/22 9,624 40,000,000 Federal Agricultural Mortgage Corp (FAMC) 0.010 04/09/21 40,000 TOTAL GOVERNMENT AGENCY DEBT 1,721,983

REPURCHASE AGREEMENT - 0.0% 71,160,000 r Fixed Income Clearing Corp (FICC) 0.005 04/01/21 71,160 TOTAL REPURCHASE AGREEMENT 71,160

TREASURY DEBT - 0.4% 25,000,000 United States Cash Management Bill 0.030 06/15/21 25,000 73,233,000 United States Cash Management Bill 0.088 06/22/21 73,231 89,730,000 United States Treasury Bill 0.027-0.036 04/08/21 89,730 30,000,000 United States Treasury Bill 0.087 04/20/21 30,000 19,880,000 United States Treasury Bill 0.088 04/27/21 19,880 15,090,000 United States Treasury Bill 0.023 04/29/21 15,090 31,718,000 United States Treasury Bill 0.020-0.088 05/06/21 31,717 50,000,000 United States Treasury Bill 0.085 05/18/21 49,998 50,000,000 United States Treasury Bill 0.030-0.036 05/20/21 49,999 9,690,000 United States Treasury Bill 0.041 05/27/21 9,690 25,000,000 United States Treasury Bill 0.032 06/01/21 24,999

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 25,000,000 United States Treasury Bill 0.033 06/17/21 24,999 25,000,000 United States Treasury Bill 0.088 07/08/21 24,999 TOTAL TREASURY DEBT 469,332

185

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.2%

COMMERCIAL PAPER - 0.2% $ 73,000,000 BNP PARIBAS 0.000% 08/30/21 $ 72,951 75,000,000 Credit Agricole 0.000 08/25/21 74,957 75,000,000 Lloyds Bank plc 0.000 07/27/21 74,961 TOTAL COMMERCIAL PAPER 222,869

REPURCHASE AGREEMENT - 1.0% 45,000,000 s Calyon 0.005 04/01/21 45,000 50,000,000 t Calyon 0.010 04/01/21 50,000 135,000,000 u Citigroup 0.010 04/01/21 135,000 50,000,000 v Deutsche Bank 0.003 04/01/21 50,000 125,000,000 w Goldman Sachs 0.005 04/01/21 125,000 40,000,000 x HSBC 0.005 04/01/21 40,000 100,000,000 y JP Morgan Securities LLC 0.005 04/01/21 100,000 10,000,000 z JP Morgan Securities LLC 0.005 04/01/21 10,000 30,000,000 aa Merrill Lynch 0.010 04/01/21 30,000 115,000,000 ab Merrill Lynch 0.010 04/01/21 115,000 150,000,000 ac Nomura 0.005 04/01/21 150,000 100,000,000 ad Nomura 0.005 04/01/21 100,000 245,000,000 ae Royal Bank of Scotland 0.005 04/01/21 245,000 100,000,000 af Societe Generale 0.010 04/01/21 100,000 TOTAL REPURCHASE AGREEMENT 1,295,000

TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED 1,517,869

TOTAL SHORT-TERM INVESTMENTS 3,780,344 (Cost $3,780,177) TOTAL INVESTMENTS - 101.1% 132,809,045 (Cost $102,548,167) OTHER ASSETS & LIABILITIES, NET - (1.1)% (1,421,446) NET ASSETS - 100.0% $ 131,387,599

Abbreviation(s): ADR American Depositary Receipt CVR Contingent Value Right DCB Debt Conversion Bonds ETF Exchange Traded Fund GDR Global Depositary Receipt NVDR Non Voting Depositary Receipt OTC Over The Counter REIT Real Estate Investment Trust SPDR Standard & Poor’s Depositary Receipts

186

* Non-income producing ^ Amount represents less than $1,000. † Security is categorized as Level 3 in the fair value hierarchy. a Affiliated holding b In bankruptcy e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,250,629,876. Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such g securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,424,436,453 or 1.1% of net assets. h All or a portion of these securities were purchased on a delayed delivery basis. All or a portion of these securities have been segregated by the custodian to cover requirements on open written n options contracts. q In default Agreement with Fixed Income Clearing Corporation, 0.005% dated 03/31/21 to be repurchased at $71,160,000 r on 04/01/21, collateralized by U.S. Treasury Notes valued at $72,583,207. Agreement with Calyon, 0.005% dated 3/31/2021 to be repurchased at $45,000,000 on 4/01/21, collateralized by s U.S. Government Agency Securities valued at $45,900,017. Agreement with Calyon, 0.010% dated 3/31/2021 to be repurchased at $50,000,000 on 4/01/21, collateralized by t U.S. Government Agency Securities valued at $51,000,101. Agreement with Citigroup, 0.010% dated 3/31/2021 to be repurchased at $135,000,000 on 4/01/21, collateralized u by U.S. Government Agency Securities valued at $137,700,095. Agreement with Deutsche Bank, 0.003% dated 3/31/2021 to be repurchased at $50,000,000 on 4/01/21, v collateralized by U.S. Government Agency Securities valued at $51,000,000. Agreement with Goldman Sachs, 0.005% dated 3/31/2021 to be repurchased at $125,000,000 on 4/01/21, w collateralized by U.S. Government Agency Securities valued at $127,500,059. Agreement with HSBC, 0.005% dated 3/31/2021 to be repurchased at $40,000,000 on 4/01/21, collateralized by x U.S. Government Agency Securities valued at $40,800,001. Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/ y 21, collateralized by U.S. Government Agency Securities valued at $102,000,000. Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/ z 21, collateralized by U.S. Government Agency Securities valued at $10,200,003. Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $30,000,000 on 4/01/21, aa collateralized by U.S. Government Agency Securities valued at $30,600,049. Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $115,000,000 on 4/01/21, ab collateralized by U.S. Government Agency Securities valued at $117,300,000. Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $150,000,000 on 4/01/21, collateralized ac by U.S. Government Agency Securities valued at $153,000,000. Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/21, collateralized ad by U.S. Government Agency Securities valued at $102,000,001. Agreement with Royal Bank of Scotland, 0.005% dated 3/31/2021 to be repurchased at $245,000,000 on 4/01/ ae 21, collateralized by U.S. Government Agency Securities valued at $249,900,022. Agreement with Societe Generale, 0.010% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/21, af collateralized by U.S. Government Agency Securities valued at $102,000,097.

Cost amounts are in thousands.

Purchased options outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description/ Expiration Number of contracts Notional amount Exercise price Value underlying investment date NVIDIA Corp, Call 2,200 $ 6,260 $ 490.00 05/21/21 $ 13,090

Written options outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description/ Expiration Number of contracts Notional amount Exercise price Value underlying investment date American Express Co, Call 20 $ (1) $ 160.00 04/16/21 $ (0)^ Anaplan, Inc, Put 20 (5) 40.00 08/20/21 (4) Intel Corp, Call 30 (1) 72.50 04/16/21 (0)^ NVIDIA Corp, Call 2,200 (2,539) 550.00 05/21/21 (4,763) NVIDIA Corp, Put 2,200 (1,189) 350.00 05/21/21 (180) ViacomCBS, Inc, Put 30 (15) 45.00 09/17/21 (23) Total 4,500 (3,750) $ (4,970) ^ Amount represents less than $1,000.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Number of long Unrealized Expiration Notional Description (short) Value appreciation date amount contracts (depreciation) Russell 2000 E Mini Index 945 06/18/21 $ 107,848 $ 105,013 $ (2,835) S&P 500 E Mini Index 6,339 06/18/21 1,231,985 1,257,467 25,482 S&P Mid-Cap 400 E Mini Index 653 06/18/21 168,238 170,127 1,889 Total 7,937 $ 1,508,071 $ 1,532,607 $ 24,536

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Unrealized Currency to Currency to Receive Deliver Counterparty Settlement date appreciation) be purchased be sold (depreciation $ 8,955 AUD 11,600 Bank of America 04/21/21 $ 144 $ 14,020 CAD 17,800 Bank of America 04/21/21 (145) $ 83,201 CAD 105,000 Bank of America 06/10/21 (358) $ 10,012 JPY1,040,000 Bank of America 04/21/21 617 EUR 9,800 $ 11,907 Bank of America 04/21/21 (409) JPY2,915,000 $ 26,836 Bank of America 06/10/21 (492) Total $ (643) $ 73,400 GBP 53,000 Morgan Stanley 06/10/21 $ 318 $ 15,475 EUR 13,000 Toronto Dominion Bank 06/10/21 $ 207 $ 12,939 GBP 9,500 Toronto Dominion Bank 04/21/21 (159) $ 5,873 SEK 49,000 Toronto Dominion Bank 04/21/21 261 Total $ 309 Total $ (16)

AUD Australian Dollar CAD Canadian Dollar EUR Euro GBP Pound Sterling JPY Japanese Yen SEK Swedish Krona

188

COLLEGE RETIREMENT EQUITIES FUND STOCK ACCOUNT SUMMARY OF MARKET VALUES BY COUNTRY (unaudited) March 31, 2021

Value % of total Country (000) portfolio DOMESTIC

UNITED STATES $93,772,431 70.6% TOTAL DOMESTIC 93,772,431 70.6 FOREIGN

ARGENTINA 42,679 0.0 AUSTRALIA 1,822,048 1.4 AUSTRIA 235,172 0.2 BAHAMAS 762 0.0 BELGIUM 204,165 0.2 BERMUDA 30,796 0.0 BRAZIL 968,493 0.7 BURKINA FASO 2,300 0.0 CAMEROON 1,546 0.0 CANADA 2,376,752 1.8 CAYMAN ISLANDS 338 0.0 CHILE 71,326 0.1 CHINA 4,093,053 3.1 COLOMBIA 16,508 0.0 COTE D’IVOIRE 3,902 0.0 CYPRUS 66 0.0 CZECH REPUBLIC 6,279 0.0 DENMARK 490,959 0.4 EGYPT 18,561 0.0 FAROE ISLANDS 4,143 0.0 FINLAND 306,336 0.2 FRANCE 2,361,872 1.8 GEORGIA 1,249 0.0 GERMANY 2,329,306 1.8 GHANA 3,022 0.0 GREECE 15,485 0.0 GUERNSEY, C.I. 735 0.0 HONG KONG 695,883 0.5 HUNGARY 43,552 0.0 INDIA 1,101,841 0.8 INDONESIA 143,430 0.1 IRELAND 495,797 0.4 ISLE OF MAN 781 0.0 ISRAEL 252,849 0.2 ITALY 566,999 0.4 JAPAN 5,739,075 4.3 JERSEY, C.I. 1,311 0.0 JORDAN 436 0.0 KAZAKHSTAN 2,903 0.0 KOREA, REPUBLIC OF 1,384,982 1.0 KUWAIT 25,815 0.0 KYRGYZSTAN 2,045 0.0 LIECHTENSTEIN 710 0.0

189

Value % of total Country (000) portfolio MACAU $ 156,449 0.1% MALAYSIA 111,149 0.1 MALTA 8,596 0.0 MEXICO 300,846 0.2 MONACO 5,533 0.0 MONGOLIA 1,694 0.0 MYANMAR 157 0.0 NETHERLANDS 1,846,391 1.4 NEW ZEALAND 75,653 0.1 NORWAY 202,624 0.2 PAKISTAN 4,690 0.0 PANAMA 4,246 0.0 PERU 42,607 0.0 PHILIPPINES 52,867 0.0 POLAND 96,555 0.1 PORTUGAL 52,084 0.0 PUERTO RICO 27,998 0.0 QATAR 38,469 0.0 ROMANIA 1,003 0.0 RUSSIA 410,505 0.3 SAUDI ARABIA 186,006 0.1 SINGAPORE 219,174 0.2 SLOVENIA 2,991 0.0 SOUTH AFRICA 520,697 0.4 SPAIN 480,343 0.4 SWEDEN 726,287 0.5 SWITZERLAND 1,788,490 1.3 TAIWAN 1,534,993 1.2 TANZANIA, UNITED REPUBLIC OF 74,912 0.1 THAILAND 166,596 0.1 TURKEY 69,081 0.1 UKRAINE 1,551 0.0 UNITED ARAB EMIRATES 34,828 0.0 UNITED KINGDOM 3,848,516 2.9 VIETNAM 5,942 0.0 ZAMBIA 17,339 0.0 TOTAL FOREIGN 39,036,614 29.4

TOTAL PORTFOLIO $132,809,045 100.0%

190

COLLEGE RETIREMENT EQUITIES FUND GLOBAL EQUITIES ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

VALUE SHARES COMPANY (000) COMMON STOCKS - 97.7%

ARGENTINA - 0.1% 7,145 * Globant S.A. $ 1,483 8,694 * MercadoLibre, Inc 12,799 17,400 e Telecom Argentina S.A. (ADR) (Class B) 96 44,200 * YPF S.A. (ADR) (Class D) 182 TOTAL ARGENTINA 14,560

AUSTRALIA - 1.4% 224,768 * Afterpay Touch Group Ltd 17,555 93,849 AGL Energy Ltd 690 652,700 AMP Ltd 629 198,017 APA Group 1,512 1,667,538 Australia & New Zealand Banking Group Ltd 35,803 36,768 Australian Stock Exchange Ltd 1,990 681,005 *,† AZ BGP Holdings 2 132,527 BHP Group plc 3,816 51,831 Cochlear Ltd 8,337 336,215 Commonwealth Bank of Australia 22,061 132,726 CSL Ltd 26,824 3,541,050 Fortescue Metals Group Ltd 53,968 4,024,178 Glencore Xstrata plc 15,801 1,035,437 IDP Education Ltd 18,841 2,941,846 Ingenia Communities Group 11,352 438,928 Insurance Australia Group Ltd 1,564 63,940 Macquarie Group Ltd 7,454 24,233 Magellan Financial Group Ltd 836 523,057 Medibank Pvt Ltd 1,115 222,486 * Megaport Ltd 1,880 607,046 National Australia Bank Ltd 12,027 1,496,503 * NEXTDC Ltd 11,919 1,541,744 * PointsBet Holdings Ltd 14,618 192,376 * Qantas Airways Ltd 747 279,042 QBE Insurance Group Ltd 2,044 386,725 Rio Tinto plc 29,502 246,127 Sonic Healthcare Ltd 6,582 239,487 Suncorp-Metway Ltd 1,804 758,468 Telstra Corp Ltd 1,964 79,663 Wesfarmers Ltd 3,199 696,678 Westpac Banking Corp 12,923 55 Woodside Petroleum Ltd 1 139,635 Woolworths Ltd 4,349 2,063,777 *,e Zip Co Ltd 11,681 TOTAL AUSTRALIA 345,390

AUSTRIA - 0.1% 293,408 *,g BAWAG Group AG. 15,134 11,452 e Verbund AG. 832

191

VALUE SHARES COMPANY (000) BELGIUM - 0.1% 83,559 Anheuser-Busch InBev S.A. $ 5,253 253,319 KBC Groep NV 18,432 TOTAL BELGIUM 23,685

BERMUDA - 0.0% 54,419 RenaissanceRe Holdings Ltd 8,721 TOTAL BERMUDA 8,721

BRAZIL - 1.5% 21,400 * Alpargatas S.A. 140 933,400 AMBEV S.A. 2,535 112,646 * Arco Platform Ltd 2,854 75,500 Atacadao Distribuicao Comercio e Industria Ltd 311 5,137,197 * B2W Companhia Global Do Varejo 55,446 415,700 B3 SA-Brasil Bolsa Balcao 4,034 1,330,902 Banco Bradesco S.A. 5,559 16,433,222 Banco Bradesco S.A. (Preference) 78,157 231,900 Banco BTG Pactual S.A. - Unit 3,998 42,132 Banco do Brasil S.A. 228 679,300 Banco Inter S.A. 18,913 17,800 Banco Santander Brasil S.A. 125 135,700 BB Seguridade Participacoes S.A. 585 38,200 Bradespar S.A. 464 108,000 * BRF S.A. 484 66,955 Centrais Eletricas Brasileiras S.A. 408 60,000 Centrais Eletricas Brasileiras S.A. (Preference) 371 2,108,900 Cia Brasileira de Distribuicao 12,432 230,300 Cia de Concessoes Rodoviarias 529 70,200 Cia de Saneamento Basico do Estado de Sao Paulo 514 207,783 Cia Energetica de Minas Gerais 481 254,000 Cia Paranaense de Energia 322 120,300 Cia Siderurgica Nacional S.A. 810 778,513 Companhia Vale do Rio Doce (ADR) 13,531 33,167 Cosan SA Industria e Comercio 539 52,000 CPFL Energia S.A. 281 26,400 Energisa S.A. 212 38,450 Engie Brasil Energia S.A. 286 154,700 Equatorial Energia S.A. 682 207,100 Gerdau S.A. (Preference) 1,112 44,900 g Hapvida Participacoes e Investimentos S.A. 119 14,900 Hypermarcas S.A. 85 202,340 Investimentos Itau S.A. - PR 371 4,823,519 Itau Unibanco Holding S.A. 23,969 137,100 * Klabin S.A. 673 1,735,690 Localiza Rent A Car 18,419 3,130,177 Lojas Americanas S.A. (Preference) 12,435 146,880 Lojas Renner S.A. 1,111 4,636,800 Magazine Luiza S.A. 16,673 165,995 * Natura & Co Holding S.A. 1,420 23,684 * Notre Dame Intermedica Participacoes S.A. 348 379,753 * Pagseguro Digital Ltd 17,583

VALUE SHARES COMPANY (000) 157,200 Petrobras Distribuidora S.A. $ 617 749,400 Petroleo Brasileiro S.A. 3,187 952,938 Petroleo Brasileiro S.A. (Preference) 4,080 202,000 Raia Drogasil S.A. 899 246,400 * Rumo S.A. 886 2,108,900 * Sendas Distribuidora S.A. 27,666 491,317 * StoneCo Ltd 30,078 60,044 Sul America S.A. 364 144,022 * Suzano SA 1,754 114,700 Telefonica Brasil S.A. 901 171,100 TIM S.A. 385 83,000 Totvus S.A. 427 134,600 Ultrapar Participacoes S.A. 507 718,800 Vale S.A. 12,511 238,800 * Via Varejo S.A. 512 160,960 Weg S.A. 2,132 TOTAL BRAZIL 386,455

CANADA - 1.6% 38,389 Agnico-Eagle Mines Ltd 2,219 946,247 Alimentation Couche Tard, Inc 30,510 379,996 Bank of Montreal 33,872 230,409 Bank of Nova Scotia 14,415 296,238 Barrick Gold Corp (Canada) 5,877 47,797 Brookfield Asset Management, Inc 2,126 84,543 Canadian Imperial Bank of Commerce 8,278 120,844 Canadian Natural Resources Ltd (Canada) 3,736 221,919 Canadian Pacific Railway Ltd (Toronto) 84,763 39,695 e CI Financial Corp 573 490,196 Dollarama, Inc 21,657 793,954 Dye & Durham Ltd 25,063 262,917 Enbridge, Inc (Toronto) 9,578 5,079 Fairfax Financial Holdings Ltd 2,217 20,307 First Capital Real Estate Investment Trust 266 52,856 Great-West Lifeco, Inc 1,406 20,301 iA Financial Corp, Inc 1,104 15,662 e IGM Financial, Inc 477 27,162 Intact Financial Corp 3,329 243,559 * Lightspeed POS, Inc 15,317 368,354 Manulife Financial Corp (Toronto) 7,923 63,788 National Bank of Canada 4,333 550,058 Nutrien Ltd (Toronto) 29,632 15,760 Onex Corp 980 106,010 e Power Corp Of Canada 2,786 95,596 RioCan Real Estate Investment Trust 1,480 270,334 Royal Bank of Canada 24,925 23,102 * Shopify, Inc (Class A) (Toronto) 25,505 111,035 Sun Life Financial, Inc 5,611 32,955 Thomson Reuters Corp 2,887 10,703 TMX Group Ltd 1,112 343,611 Toronto-Dominion Bank 22,410 TOTAL CANADA 396,367

VALUE SHARES COMPANY (000) CHILE - 0.0% 1,778,260 Banco de Chile $ 210 1,966 Banco de Credito e Inversiones 104 3,539,615 Banco Santander Chile S.A. 221 283,091 Cencosud S.A. 605 24,271 Cencosud Shopping S.A. 50 26,898 Cia Cervecerias Unidas S.A. 236 1,654,650 Colbun S.A. 322 76,264 Embotelladora Andina S.A. 202 209,619 Empresas CMPC S.A. 673 71,286 Empresas COPEC S.A. 880 6,011,728 Enel Chile S.A. 468 7,166,142 Enersis S.A. 1,196 141,775 SACI Falabella 644 22,786 Sociedad Quimica y Minera de Chile S.A. (Class B) 1,215 TOTAL CHILE 7,026

CHINA - 4.9% 16,900 * 21Vianet Group, Inc (ADR) 546 14,000 360 Security Technology, Inc 30 59,000 *,g 3SBio, Inc 52 1,100 * 51job, Inc (ADR) 69 1,822,100 e AAC Technologies Holdings, Inc 9,276 6,000 Accelink Technologies Co Ltd 20 13,700 Addsino Co Ltd 39 12,600 AECC Aero-Engine Control Co Ltd 34 24,700 AECC Aviation Power Co Ltd 172 50,000 Agile Property Holdings Ltd 82 5,593,000 Agricultural Bank of China Ltd 2,242 1,047,700 Agricultural Bank of China Ltd (Class A) 544 238,037 Aier Eye Hospital Group Co Ltd 2,163 22,200 Air China Ltd 31 76,000 Air China Ltd (H shares) 66 23,000 Airtac International Group 820 20,000 g AK Medical Holdings Ltd 26 438,624 * Alibaba Group Holding Ltd (ADR) 99,449 1,482,000 * Alibaba Health Information Technology Ltd 4,235 80,500 g A-Living Services Co Ltd 358 910,000 * Aluminum Corp of China Ltd 378 174,700 * Aluminum Corp of China Ltd (Class A) 101 3,600 Angel Yeast Co Ltd 30 61,000 Anhui Conch Cement Co Ltd 398 9,700 Anhui Conch Cement Co Ltd (Class A) 76 5,700 Anhui Gujing Distillery Co Ltd 80 900 Anhui Gujing Distillery Co Ltd (Class A) 29 1,900 Anhui Kouzi Distillery Co Ltd 18 202,000 Anta Sports Products Ltd 3,313 1,600 Apeloa Pharmaceutical Co Ltd 7 1,000 Asymchem Laboratories Tianjin Co Ltd 44 1,000 Autobio Diagnostics Co Ltd 17 2,500 Autohome, Inc (ADR) 233 28,700 AVIC Aircraft Co Ltd 106 11,600 Avic Aviation High-Technology Co Ltd 45 6,200 Avic Capital Co Ltd 4

194

VALUE SHARES COMPANY (000) 10,500 AVIC Jonhon Optronic Technology Co Ltd $ 109 10,900 AVIC Shenyang Aircraft Co Ltd 108 90,000 e AviChina Industry & Technology Co 60 5,600 AVICOPTER plc 43 36,959 Bafang Electric Suzhou Co Ltd 1,084 289,976 * Baidu, Inc (ADR) 63,084 117,300 Bank of Beijing Co Ltd 86 8,800 Bank of Chengdu Co Ltd 15 572,100 Bank of China Ltd 293 15,765,000 Bank of China Ltd (Hong Kong) 6,013 573,100 Bank of Communications Co Ltd 433 1,859,000 Bank of Communications Co Ltd (Hong Kong) 1,185 70,500 Bank of Hangzhou Co Ltd 182 57,780 Bank of Jiangsu Co Ltd 57 20,200 Bank of Nanjing Co Ltd 31 69,400 Bank of Ningbo Co Ltd 413 166,822 Bank of Shanghai Co Ltd 224 297,900 Baoshan Iron & Steel Co Ltd 368 2,669 *,e Baozun, Inc (ADR) 102 65,900 BBMG Corp 30 4,100 * BeiGene Ltd (ADR) 1,427 5,800 * Beijing BDStar Navigation Co Ltd 38 96,000 Beijing Capital International Airport Co Ltd 75 11,200 Beijing Dabeinong Technology Group Co Ltd 14 5,040 Beijing E-Hualu Information Technology Co Ltd 19 6,100 Beijing Enlight Media Co Ltd 11 30,500 Beijing Enterprises Holdings Ltd 108 224,000 Beijing Enterprises Water Group Ltd 85 2,800 Beijing Kunlun Tech Co Ltd 10 19,900 Beijing New Building Materials plc 131 8,950 Beijing Oriental Yuhong Waterproof Technology Co Ltd 70 56,800 Beijing Originwater Technology Co Ltd 70 2,900 Beijing Shiji Information Technology Co Ltd 13 1,600 Beijing Shunxin Agriculture Co Ltd 11 17,800 Beijing Sinnet Technology Co Ltd 47 3,100 Beijing Thunisoft Corp Ltd 9 5,440 Beijing Tiantan Biological Products Corp Ltd 27 7,000 Beijing Yanjing Brewery Co Ltd 8 28,100 Beijing-Shanghai High Speed Railway Co Ltd 25 1,300 Betta Pharmaceuticals Co Ltd 21 1,200 BGI Genomics Co Ltd 23 90,648 *,e Bilibili, Inc (ADR) 9,705 702,500 BOC Hong Kong Holdings Ltd 2,458 82,400 BOE Technology Group Co Ltd 79 146,000 Bosideng International Holdings Ltd 66 136,000 † Brilliance China Automotive Holdings Ltd 129 279,900 g Budweiser Brewing Co APAC Ltd 838 4,500 BYD Co Ltd 114 128,000 BYD Co Ltd (H shares) 2,770 29,500 e BYD Electronic International Co Ltd 174 5,000 By-health Co Ltd 22 3,200 C&S Paper Co Ltd 13 13,100 Caitong Securities Co Ltd 22 3,400 *,e,g CanSino Biologics, Inc 129

VALUE SHARES COMPANY (000) 339,000 g CGN Power Co Ltd $ 82 1,000 Chacha Food Co Ltd 7 1,100 Changchun High & New Technology Industry Group, Inc 76 8,500 Changjiang Securities Co Ltd 9 500 Changzhou Xingyu Automotive Lighting Systems Co Ltd 14 23,900 Chaozhou Three-Circle Group Co Ltd 153 1,000 Chengdu Kanghong Pharmaceutical Group Co Ltd 4 12,800 * Chifeng Jilong Gold Mining Co Ltd 29 3,100 China Aerospace Times Electronics Co Ltd 3 67,000 China Aoyuan Group Ltd 72 16,100 China Avionics Systems Co Ltd 37 377,500 *,g China Bohai Bank Co Ltd 169 431,000 China Cinda Asset Management Co Ltd 90 1,918,000 China Citic Bank 976 154,000 China Communications Services Corp Ltd 69 64,000 China Conch Venture Holdings Ltd 302 76,700 China Construction Bank Corp 86 19,028,000 China Construction Bank Corp (Hong Kong) 16,039 21,500 g China East Education Holdings Ltd 47 19,900 China Eastern Airlines Corp Ltd 17 30,000 China Education Group Holdings Ltd 54 460,900 China Everbright Bank Co Ltd 287 800,000 China Everbright Bank Co Ltd (Hong Kong) 349 155,555 China Everbright International Ltd 106 42,000 China Everbright Ltd 55 364,000 e China Evergrande Group 695 55,000 g China Feihe Ltd 156 1,300 China Film Co Ltd 3 11,043 China Fortune Land Development Co Ltd 11 171,000 China Galaxy Securities Co Ltd 106 10,900 China Galaxy Securities Co Ltd (Class A) 17 117,200 China Gas Holdings Ltd 481 23,300 China Gezhouba Group Co Ltd 27 9,700 China Great Wall Securities Co Ltd 16 28,900 China Greatwall Technology Group Co Ltd 66 388,500 China Hongqiao Group Ltd 520 437,000 g China Huarong Asset Management Co Ltd 57 336,200 China Insurance International Holdings Co Ltd 688 62,400 *,e,g China International Capital Corp Ltd 152 12,800 * China International Capital Corp Ltd 97 61,500 China International Travel Service Corp Ltd 2,885 198,000 China Jinmao Holdings Group Ltd 80 7,900 China Jushi Co Ltd 23 51,000 China Lesso Group Holdings Ltd 110 1,490,000 China Life Insurance Co Ltd 3,097 37,900 China Life Insurance Co Ltd (Class A) 185 14,200 *,e,g China Literature Ltd 141 158,000 China Longyuan Power Group Corp 216 58,000 China Medical System Holdings Ltd 115 834,000 China Meidong Auto Holdings Ltd 3,873 531,000 China Mengniu Dairy Co Ltd 3,059 800,000 China Merchants Bank Co Ltd 6,129 243,400 China Merchants Bank Co Ltd (Class A) 1,904 109,100 China Merchants Energy Shipping Co Ltd 87

VALUE SHARES COMPANY (000) 91,426 China Merchants Holdings International Co Ltd $ 141 7,100 China Merchants Property Operation & Service Co Ltd 21 81,620 China Merchants Securities Co Ltd 245 18,200 China Merchants Shekou Industrial Zone Holdings Co Ltd 34 488,000 China Minsheng Banking Corp Ltd 376 1,234,800 China Minsheng Banking Corp Ltd (Hong Kong) 717 714,000 China Molybdenum Co Ltd 436 54,600 China Molybdenum Co Ltd (Class A) 44 100 China National Accord Medicines Corp Ltd 1 194,000 China National Building Material Co Ltd 281 7,900 China National Chemical Engineering Co Ltd 8 1,500 China National Medicines Corp Ltd 8 40,600 China National Nuclear Power Co Ltd 34 1,100 China National Software & Service Co Ltd 9 45,900 * China Northern Rare Earth Group High-Tech Co Ltd 135 374,000 China Oilfield Services Ltd 387 632,435 China Overseas Land & Investment Ltd 1,653 45,000 China Overseas Property Holdings Ltd 42 85,200 China Pacific Insurance Group Co Ltd 494 554,400 China Pacific Insurance Group Co Ltd (Hong Kong) 2,194 309,000 China Power International Development Ltd 72 73,600 China Railway Group Ltd 66 203,000 China Railway Group Ltd (Hong Kong) 108 598,000 China Resources Beer Holdings Company Ltd 4,713 109,999 China Resources Cement Holdings Ltd 124 38,000 China Resources Gas Group Ltd 211 593,836 China Resources Land Ltd 2,894 74,500 g China Resources Pharmaceutical Group Ltd 47 118,000 China Resources Power Holdings Co 157 1,800 China Resources Sanjiu Medical & Pharmaceutical Co Ltd 7 79,600 China Shenhua Energy Co Ltd 245 722,500 China Shenhua Energy Co Ltd (Hong Kong) 1,494 45,900 * China Shipbuilding Industry Co Ltd 29 3,300 China South Publishing & Media Group Co Ltd 5 70,000 *,e China Southern Airlines Co Ltd 52 20,400 * China Southern Airlines Co Ltd (Class A) 21 104,300 China State Construction Engineering Corp Ltd 83 102,000 China State Construction International Holdings Ltd 70 1,670,000 g China Tower Corp Ltd 248 14,400 China TransInfo Technology Co Ltd 35 783,700 China Vanke Co Ltd 3,080 111,600 China Vanke Co Ltd (Class A) 512 46,200 China Yangtze Power Co Ltd 151 50,000 g China Yuhua Education Corp Ltd 39 37,200 China Zheshang Bank Co Ltd 23 1,700 Chongqing Brewery Co Ltd 29 9,700 * Chongqing Changan Automobile Co Ltd 21 3,500 Chongqing Fuling Zhacai Group Co Ltd 23 120,000 Chongqing Rural Commercial Bank 52 186,600 Chongqing Rural Commercial Bank Co Ltd 121 4,300 Chongqing Zhifei Biological Products Co Ltd 114 600,535 CIFI Holdings Group Co Ltd 584 281,000 Citic Pacific Ltd 267 118,500 e CITIC Securities Co Ltd 274

VALUE SHARES COMPANY (000) 124,100 CITIC Securities Co Ltd (Class A) $ 454 1,956,000 Cofco International Ltd 829 25,300 Contemporary Amperex Technology Co Ltd 1,257 114,445 COSCO Pacific Ltd 84 86,600 COSCO SHIPPING Energy Transportation Co Ltd 88 125,000 * COSCO SHIPPING Holdings Co Ltd 162 114,100 * COSCO SHIPPING Holdings Co Ltd (Class A) 237 1,453,000 Country Garden Holdings Co Ltd 1,870 255,000 Country Garden Services Holdings Co Ltd 2,599 33,200 CSC Financial Co Ltd 162 400,880 CSPC Pharmaceutical Group Ltd 487 2,490 Da An Gene Co Ltd of Sun Yat-Sen University 12 85,000 g Dali Foods Group Co Ltd 48 95,500 Daqin Railway Co Ltd 102 10,200 *,e Daqo New Energy Corp (ADR) 770 1,700 DaShenLin Pharmaceutical Group Co Ltd 22 10,400 DHC Software Co Ltd 12 1,500 Dong-E-E-Jiao Co Ltd 9 41,400 Dongfang Electric Corp Ltd 81 136,000 Dongfeng Motor Group Co Ltd 127 11,300 Dongxing Securities Co Ltd 19 6,200 * DouYu International Holdings Ltd (ADR) 65 31,600 East Group Co Ltd 31 103,660 East Money Information Co Ltd 434 4,100 * Ecovacs Robotics Co Ltd 86 36,300 ENN Energy Holdings Ltd 586 5,370 Eve Energy Co Ltd 62 134,000 Ever Sunshine Lifestyle Services Group Ltd 339 11,600 Everbright Securities Co Ltd 29 60,943 * Fangda Carbon New Material Co Ltd 76 74,000 Far East Horizon Ltd 89 8,500 * FAW Jiefang Group Co Ltd 14 18,600 Fiberhome Telecommunication Technologies Co Ltd 52 13,400 Financial Street Holdings Co Ltd 14 16,500 First Capital Securities Co Ltd 19 189,400 Focus Media Information Technology Co Ltd 269 8,460 Foshan Haitian Flavouring & Food Co Ltd 207 522,500 Fosun International 734 28,200 * Founder Securities Co Ltd 38 4,278,800 Foxconn Industrial Internet Co Ltd 9,413 500 Fu Jian Anjoy Foods Co Ltd 16 3,300 Fujian Sunner Development Co Ltd 13 4,400 Fuyao Glass Industry Group Co Ltd 31 25,200 g Fuyao Glass Industry Group Co Ltd (Hong Kong) 150 2,600 Ganfeng Lithium Co Ltd 38 200 G-bits Network Technology Xiamen Co Ltd 11 94,100 * GCL System Integration Technology Co Ltd 48 1,283,271 * GDS Holdings Ltd (ADR) 104,060 1,826,000 Geely Automobile Holdings Ltd 4,697 57,300 GEM Co Ltd 75 11,300 Gemdale Corp 21 50,000 * Genscript Biotech Corp 89 55,600 GF Securities Co Ltd 85 12,700 GF Securities Co Ltd (Class A) 30

VALUE SHARES COMPANY (000) 4,300 Giant Network Group Co Ltd $ 10 5,680 Gigadevice Semiconductor Beijing, Inc 149 10,200 GoerTek, Inc 43 561,000 *,e GOME Electrical Appliances Holdings Ltd 104 3,500 * Gotion High-tech Co Ltd 19 4,800 Great Wall Motor Co Ltd 22 383,000 Great Wall Motor Co Ltd 1,071 16,600 Greenland Holdings Corp Ltd 14 39,000 e Greentown China Holdings Ltd 50 266,000 Greentown Service Group Co Ltd 405 33,400 GRG Banking Equipment Co Ltd 58 3,500 *,e GSX Techedu, Inc (ADR) 119 5,800 Guangdong Haid Group Co Ltd 69 15,800 * Guangdong HEC Technology Holding Co Ltd 12 6,500 Guangdong Hongda Blasting Co Ltd 31 132,000 Guangdong Investments Ltd 216 3,300 Guangdong Kinlong Hardware Products Co Ltd 84 1,700 Guangdong Xinbao Electrical Appliances Holdings Co Ltd 9 210,700 * Guanghui Energy Co Ltd 100 138,000 Guangzhou Automobile Group Co Ltd (Hong Kong) 116 3,500 Guangzhou Baiyun International Airport Co Ltd 7 2,100 Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd 9 46,800 Guangzhou Haige Communications Group, Inc Co 72 3,600 Guangzhou Kingmed Diagnostics Group Co Ltd 70 95,600 Guangzhou R&F Properties Co Ltd 126 6,795 Guangzhou Shiyuan Electronic Technology Co Ltd 135 6,000 Guangzhou Tinci Materials Technology Co Ltd 75 700 Guangzhou Wondfo Biotech Co Ltd 9 7,400 Guangzhou Yuexiu Financial Holdings Group Co Ltd 16 3,900 * Guolian Securities Co Ltd 9 9,300 Guosen Securities Co Ltd 17 89,400 Guotai Junan Securities Co Ltd 222 9,390 Guoyuan Securities Co Ltd 11 236,000 e,g Haidilao International Holding Ltd 1,619 390,800 * Haier Smart Home Co Ltd 1,575 14,700 Haier Smart Home Co Ltd 70 133,000 Haitian International Holdings Ltd 531 136,800 Haitong Securities Co Ltd 127 114,100 Haitong Securities Co Ltd (Class A) 193 7,700 Hangzhou First Applied Material Co Ltd 101 2,130 Hangzhou Robam Appliances Co Ltd 12 15,800 Hangzhou Silan Microelectronics Co Ltd 59 275,400 Hangzhou Tigermed Consulting Co Ltd 6,345 26,500 *,g Hangzhou Tigermed Consulting Co Ltd (Hong Kong) 528 256,000 *,g Hansoh Pharmaceutical Group Co Ltd 1,228 8,500 Hefei Meiya Optoelectronic Technology, Inc 55 5,100 Heilongjiang Agriculture Co Ltd 12 7,600 Henan Shuanghui Investment & Development Co Ltd 48 27,000 Hengan International Group Co Ltd 178 64,380 Hengli Petrochemical Co Ltd 289 37,900 Hengtong Optic-electric Co Ltd 71 38,030 Hengyi Petrochemical Co Ltd 85 343,400 * Hesteel Co Ltd 124 1,400 Hithink RoyalFlush Information Network Co Ltd 26

VALUE SHARES COMPANY (000) 2,700 Hongfa Technology Co Ltd $ 20 10,260 Hopewell Highway Infrastructure Ltd 4 144,000 Hopson Development Holdings Ltd 519 23,000 *,g Hua Hong Semiconductor Ltd 127 13,200 Huaan Securities Co Ltd 13 74,800 Huadian Power International Corp Ltd (Class A) 42 5,640 Huadong Medicine Co Ltd 32 10,500 Huagong Tech Co Ltd 33 5,860 Hualan Biological Engineering, Inc 36 52,100 Huaneng Power International, Inc 35 232,000 Huaneng Power International, Inc (Hong Kong) 83 88,200 g Huatai Securities Co Ltd 135 84,300 Huatai Securities Co Ltd (Class A) 219 11,400 Huaxi Securities Co Ltd 17 49,900 Huaxia Bank Co Ltd 49 3,500 Huaxin Cement Co Ltd 13 5,300 Huayu Automotive Systems Co Ltd 22 109,160 * Huazhu Group Ltd (ADR) 5,993 105,800 Hubei Biocause Pharmaceutical Co Ltd 67 3,800 Hubei Jumpcan Pharmaceutical Co Ltd 12 4,700 Humanwell Healthcare Group Co Ltd 22 121,300 Hunan Valin Steel Co Ltd 130 9,663 Hundsun Technologies, Inc 125 242,900 *,e HUYA, Inc (ADR) 4,732 634,269 * iClick Interactive Asia Group Ltd (ADR) 7,465 9,300 Iflytek Co Ltd 69 719,300 Industrial & Commercial Bank of China Ltd 608 11,912,000 Industrial & Commercial Bank of China Ltd (Hong Kong) 8,568 243,800 Industrial Bank Co Ltd 898 17,100 Industrial Securities Co Ltd 22 4,400 * Ingenic Semiconductor Co Ltd 41 639,300 * Inner Mongolia BaoTou Steel Union Co Ltd 152 14,600 Inner Mongolia First Machinery Group Co Ltd 22 116,300 Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd 94 17,900 Inner Mongolia Yili Industrial Group Co Ltd 110 290,000 *,g Innovent Biologics, Inc 2,966 2,600 Inspur Electronic Information Industry Co Ltd 11 3,400 Intco Medical Technology Co Ltd 84 51,356 * IQIYI, Inc (ADR) 854 11,800 * JA Solar Technology Co Ltd 52 2,160 Jafron Biomedical Co Ltd 25 1,700 Jason Furniture Hangzhou Co Ltd 21 58,500 *,e,g JD Health International, Inc 851 490,591 * JD.com, Inc (ADR) 41,372 5,100 Jiangsu Changshu Rural Commercial Bank Co Ltd 6 58,000 Jiangsu Express 72 14,704 Jiangsu Hengli Hydraulic Co Ltd 202 15,652 Jiangsu Hengrui Medicine Co Ltd 221 3,500 Jiangsu King’s Luck Brewery JSC Ltd 26 29,699 Jiangsu Shagang Co Ltd 41 3,600 Jiangsu Yanghe Brewery Joint-Stock Co Ltd 91 3,000 Jiangsu Yangnong Chemical Co Ltd 55 2,500 Jiangsu Yuyue Medical Equipment & Supply Co Ltd 10

VALUE SHARES COMPANY (000) 14,300 Jiangsu Zhongnan Construction Group Co Ltd $ 15 38,900 Jiangsu Zhongtian Technology Co Ltd 68 257,000 Jiangxi Copper Co Ltd 494 24,358 Jiangxi Copper Co Ltd (Class A) 83 8,800 Jiangxi Zhengbang Technology Co Ltd 20 2,700 Jilin Aodong Pharmaceutical Group Co Ltd 7 17,700 Jinke Properties Group Co Ltd 18 252,000 e,g Jinxin Fertility Group Ltd 545 5,200 Jinyu Bio-Technology Co Ltd 15 900 JiuGui Liquor Co Ltd 21 131,000 *,e,g Jiumaojiu International Holdings Ltd 525 2,200 Joincare Pharmaceutical Group Industry Co Ltd 4 5,800 * Jointown Pharmaceutical Group Co Ltd 16 2,700 Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd 20 1,800 Joyoung Co Ltd 8 2,800 JOYY, Inc (ADR) 262 2,000 Juewei Food Co Ltd 24 139,000 e Kaisa Group Holdings Ltd 69 150,398 * KE Holdings, Inc (ADR) 8,570 28,500 Kingboard Chemical Holdings Ltd 154 477,000 Kingdee International Software Group Co Ltd 1,496 30,900 Kingfa Sci & Tech Co Ltd 103 11,000 * Kingsoft Cloud Holdings Ltd (ADR) 433 175,000 e Kingsoft Corp Ltd 1,170 19,000 *,e,g Koolearn Technology Holding Ltd 43 170,800 *,g Kuaishou Technology 5,932 5,100 * Kuang-Chi Technologies Co Ltd 16 20,900 Kweichow Moutai Co Ltd 6,428 62,564 KWG Group Holdings Ltd 108 10,400 Lakala Payment Co Ltd 48 1,060 Laobaixing Pharmacy Chain JSC 11 289,000 Lee & Man Paper Manufacturing Ltd 266 338,000 Lenovo Group Ltd 482 58,700 Lens Technology Co Ltd 236 99,200 Leo Group Co Ltd 45 1,300 Lepu Medical Technology Beijing Co Ltd 6 34,400 Leyard Optoelectronic Co Ltd 38 36,200 *,e Li Auto, Inc (ADR) 905 359,000 Li Ning Co Ltd 2,349 3,300 Liaoning Cheng Da Co Ltd 10 81,900 Lingyi iTech Guangdong Co 103 700 Livzon Pharmaceutical Group, Inc 4 268,000 Logan Property Holdings Co Ltd 453 18,100 Lomon Billions Group Co Ltd 80 329,500 g Longfor Properties Co Ltd 2,185 45,060 LONGi Green Energy Technology Co Ltd 610 19,400 Luenmei Quantum Co Ltd 31 33,801 *,e Lufax Holding Ltd 491 85,709 Luxshare Precision Industry Co Ltd 445 16,200 Luzhou Laojiao Co Ltd 560 4,100 Maccura Biotechnology Co Ltd 25 5,290 Mango Excellent Media Co Ltd 47 1,600 Maxscend Microelectronics Co Ltd 150

VALUE SHARES COMPANY (000) 12,300 * Meinian Onehealth Healthcare Holdings Co Ltd $ 29 674,400 *,g Meituan Dianping (Class B) 26,318 69,300 Metallurgical Corp of China Ltd 36 160,000 e Microport Scientific Corp 908 8,400 Midea Group Co Ltd 106 79,000 *,e Ming Yuan Cloud Group Holdings Ltd 365 148,000 Minth Group Ltd 620 6,900 Momo, Inc (ADR) 102 11,160 Muyuan Foodstuff Co Ltd 171 6,000 NanJi E-Commerce Co Ltd 8 1,530 Nanjing King-Friend Biochemical Pharmaceutical Co Ltd 9 10,600 Nanjing Securities Co Ltd 16 60,000 NARI Technology Co Ltd 286 5,300 NAURA Technology Group Co Ltd 117 3,500 NavInfo Co Ltd 8 19,200 NetEase, Inc 1,983 28,600 New China Life Insurance Co Ltd 213 173,300 New China Life insurance Co Ltd (Hong Kong) 673 10,300 New Hope Liuhe Co Ltd 32 295,111 * New Oriental Education & Technology Group (ADR) 4,132 922,000 Nexteer Automotive Group Ltd 1,140 12,100 Ninestar Corp 46 3,500 Ningbo Joyson Electronic Corp 10 2,200 Ningbo Tuopu Group Co Ltd 11 247,147 * NIO, Inc (ADR) 9,634 1,500 * Noah Holdings Ltd (ADR) 67 68,600 *,e,g Nongfu Spring Co Ltd 346 5,300 Northeast Securities Co Ltd 7 5,800 Oceanwide Holdings Co Ltd 2 3,759 Offcn Education Technology Co Ltd 16 119,400 Offshore Oil Engineering Co Ltd 83 10,800 OFILM Group Co Ltd 14 1,640 Oppein Home Group, Inc 40 17,800 Orient Securities Co Ltd 24 8,400 Oriental Pearl Group Co Ltd 12 2,150 Ovctek China, Inc 30 9,800 * Pacific Securities Co Ltd 5 136,700 * Pangang Group Vanadium Titanium & Resources Co Ltd 46 1,781,000 People’s Insurance Co Group of China Ltd 579 105,100 People’s Insurance Co Group of China Ltd (Class A) 95 4,300 Perfect World Co Ltd 13 26,800 g Pharmaron Beijing Co Ltd 509 1,446,000 PICC Property & Casualty Co Ltd 1,258 148,552 * Pinduoduo, Inc (ADR) 19,888 227,200 Ping An Bank Co Ltd 765 26,100 *,e,g Ping An Healthcare and Technology Co Ltd 329 5,873,203 Ping An Insurance Group Co of China Ltd 70,251 125,800 Ping An Insurance Group Co of China Ltd (Class A) 1,515 8,600 e Poly Property Development Co Ltd 60 28,900 Poly Real Estate Group Co Ltd 63 64,000 Postal Savings Bank of China Co Ltd 57 2,015,000 g Postal Savings Bank of China Co Ltd 1,510 38,500 Power Construction Corp of China Ltd 24 300 Proya Cosmetics Co Ltd 7

VALUE SHARES COMPANY (000) 1,700 Qianhe Condiment and Food Co Ltd $ 10 9,800 Qingdao Rural Commercial Bank Corp 7 11,900 RiseSun Real Estate Development Co Ltd 12 27,230 *,e RLX Technology, Inc (ADR) 282 65,200 Rongsheng Petro Chemical Co Ltd 275 19,100 SAIC Motor Corp Ltd 58 59,800 Sanan Optoelectronics Co Ltd 214 4,300 Sangfor Technologies, Inc 163 1,500 Sanquan Food Co Ltd 5 98,300 Sany Heavy Industry Co Ltd 515 9,800 SDIC Capital Co Ltd 18 21,400 SDIC Power Holdings Co Ltd 32 11,600 Sealand Securities Co Ltd 8 98,000 Seazen Group Ltd 120 5,000 Seazen Holdings Co Ltd 37 11,800 SF Holding Co Ltd 147 1,600 SG Micro Corp 57 122,300 Shaanxi Coal Industry Co Ltd 207 1,770 Shandong Buchang Pharmaceuticals Co Ltd 6 49,220 Shandong Gold Mining Co Ltd 161 145,750 e,g Shandong Gold Mining Co Ltd 275 19,500 Shandong Hualu Hengsheng Chemical Co Ltd 112 2,600 Shandong Linglong Tyre Co Ltd 19 144,400 Shandong Nanshan Aluminum Co Ltd 76 2,500 Shandong Pharmaceutical Glass Co Ltd 15 10,100 Shandong Sinocera Functional Material Co Ltd 66 4,000 Shandong Sun Paper Industry JSC Ltd 10 108,000 Shandong Weigao Group Medical Polymer Co Ltd 214 1,200 Shanghai Bairun Investment Holding Group Co Ltd 20 1,700 Shanghai Baosight Software Co Ltd 15 12,800 Shanghai Construction Group Co Ltd 6 180,900 * Shanghai Electric Group Co Ltd 153 17,700 Shanghai Electric Power Co Ltd 21 5,800 Shanghai Fosun Pharmaceutical Group Co Ltd 35 105,000 e Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong) 449 3,600 Shanghai International Airport Co Ltd 32 22,400 Shanghai International Port Group Co Ltd 16 1,400 Shanghai Jahwa United Co Ltd 10 2,000 Shanghai Jinjiang International Hotels Development Co Ltd 17 8,300 Shanghai Lingang Holdings Corp Ltd 23 274,269 Shanghai Lujiazui Finance & Trade Zone Development Co Ltd 242 3,400 Shanghai M&G Stationery, Inc 44 4,800 Shanghai Pharmaceuticals Holding Co Ltd 14 32,600 Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong) 64 345,900 Shanghai Pudong Development Bank Co Ltd 581 5,600 Shanghai Putailai New Energy Technology Co Ltd 82 26,800 Shanghai RAAS Blood Products Co Ltd 31 6,800 Shanghai Yuyuan Tourist Mart Group Co Ltd 11 4,100 Shanghai Zhangjiang High-Tech Park Development Co Ltd 10 86,679 Shanxi Lu’an Environmental Energy Development Co Ltd 81

203

VALUE SHARES COMPANY (000) 67,500 * Shanxi Meijin Energy Co Ltd $ 74 13,030 Shanxi Securities Co Ltd 14 143,100 Shanxi Taigang Stainless Steel Co Ltd 100 2,400 Shanxi Xinghuacun Fen Wine Factory Co Ltd 123 112,770 Shanxi Xishan Coal & Electricity Power Co Ltd 86 95,600 Shenergy Co Ltd 91 27,500 Shengyi Technology Co Ltd 96 4,680 Shennan Circuits Co Ltd 63 270,000 Shenwan Hongyuan Group Co Ltd 192 800 Shenzhen Airport Co Ltd 1 4,100 Shenzhen Capchem Technology Co Ltd 48 18,000 Shenzhen Energy Group Co Ltd 31 6,900 Shenzhen Goodix Technology Co Ltd 119 2,100 Shenzhen Hepalink Pharmaceutical Group Co Ltd 5 19,700 Shenzhen Inovance Technology Co Ltd 258 48,985 Shenzhen International Holdings Ltd 82 142,776 Shenzhen Investment Ltd 50 13,700 Shenzhen Kaifa Technology Co Ltd 40 1,700 Shenzhen Kangtai Biological Products Co Ltd 36 120,761 Shenzhen Mindray Bio-Medical Electronics Co Ltd 7,395 9,100 * Shenzhen MTC Co Ltd 7 19,400 Shenzhen Overseas Chinese Town Co Ltd 30 2,200 Shenzhen Salubris Pharmaceuticals Co Ltd 13 2,900 Shenzhen SC New Energy Technology Corp 48 13,800 Shenzhen Sunway Communication Co Ltd 60 187,300 Shenzhou International Group Holdings Ltd 3,918 2,200 Shijiazhuang Yiling Pharmaceutical Co Ltd 8 233,000 Shimao Property Holdings Ltd 736 7,500 * Siasun Robot & Automation Co Ltd 13 27,000 Sichuan Chuantou Energy Co Ltd 52 3,700 Sichuan Kelun Pharmaceutical Co Ltd 13 1,300 Sichuan Swellfun Co Ltd 14 236,400 Silergy Corp 19,499 6,400 Sinolink Securities Co Ltd 13 17,200 Sinoma Science & Technology Co Ltd 62 192,000 Sinopec Shanghai Petrochemical Co Ltd (Class A) 104 65,600 Sinopharm Group Co 159 8,100 Sinotrans Ltd (Class A) 5 144,000 Sinotruk Hong Kong Ltd 434 1,800 Skshu Paint Co Ltd 55 104,000 *,g Smoore International Holdings Ltd 640 13,400 Songcheng Performance Development Co Ltd 44 11,340 SooChow Securities Co Ltd 17 12,100 Southwest Securities Co Ltd 9 2,000 Spring Airlines Co Ltd 18 7,500 STO Express Co Ltd 11 97,000 e Sun Art Retail Group Ltd 80 481,000 Sunac China Holdings Ltd 2,069 17,500 Sungrow Power Supply Co Ltd 193 33,200 Suning.com Co Ltd 35 32,600 Sunny Optical Technology Group Co Ltd 749 3,700 Sunwoda Electronic Co Ltd 11 1,200 Suofeiya Home Collection Co Ltd 6 23,100 Suzhou Dongshan Precision Manufacturing Co Ltd 65

VALUE SHARES COMPANY (000) 6,600 Suzhou Gold Mantis Construction Decoration Co Ltd $ 10 73,203 * TAL Education Group (ADR) 3,942 10,000 Tangshan Jidong Cement Co Ltd 24 58,700 TBEA Co Ltd 101 34,400 TCL Technology Group Corp 49 4,137,400 Tencent Holdings Ltd 330,196 18,500 *,e Tencent Music Entertainment (ADR) 379 4,100 Thunder Software Technology Co Ltd 77 15,000 Tianfeng Securities Co Ltd 12 2,700 Tianjin 712 Communication & Broadcasting Co Ltd 14 2,500 Tianjin Chase Sun Pharmaceutical Co Ltd 2 36,500 Tianjin Zhonghuan Semiconductor Co Ltd 158 19,200 Tianma Microelectronics Co Ltd 41 31,700 Tianshui Huatian Technology Co Ltd 57 94,000 Tingyi Cayman Islands Holding Corp 173 1,100 Toly Bread Co Ltd 8 39,600 * Tongcheng-Elong Holdings Ltd 90 15,100 * TongFu Microelectronics Co Ltd 45 3,300 Tonghua Dongbao Pharmaceutical Co Ltd 6 20,900 Tongkun Group Co Ltd 66 81,900 Tongling Nonferrous Metals Group Co Ltd 34 13,400 Tongwei Co Ltd 68 900 * Topchoice Medical Corp 35 11,600 * Topsec Technologies Group Inc 35 6,926,912 g Topsports International Holdings Ltd 10,329 78,400 Transfar Zhilian Co Ltd 87 43,000 Travelsky Technology Ltd 101 22,900 * Trip.com Group Ltd (ADR) 908 76,000 Tsingtao Brewery Co Ltd 676 2,600 Tsingtao Brewery Co Ltd (Class A) 34 6,600 Unigroup Guoxin Microelectronics Co Ltd 108 52,000 Uni-President China Holdings Ltd 63 37,900 Unisplendour Corp Ltd 115 21,900 Universal Scientific Industrial Shanghai Co Ltd 65 20,800 * Vipshop Holdings Ltd (ADR) 621 29,300 * Visionox Technology, Inc 42 4,400 Walvax Biotechnology Co Ltd 30 2,100 Wangfujing Group Co Ltd 10 50,700 Wangsu Science & Technology Co Ltd 50 36,700 Wanhua Chemical Group Co Ltd 595 203,000 Want Want China Holdings Ltd 153 2,400 *,e Weibo Corp (ADR) 121 92,000 Weichai Power Co Ltd 231 14,100 Weichai Power Co Ltd (Class A) 42 1,900 Weifu High-Technology Group Co Ltd 7 6,100 Weihai Guangwei Composites Co Ltd 65 314,000 *,e,g Weimob, Inc 710 16,440 Wens Foodstuffs Group Co Ltd 43 9,000 Western Securities Co Ltd 12 298,000 Wharf Holdings Ltd 791 9,900 Will Semiconductor Ltd 391 14,900 Wingtech Technology Co Ltd 224 4,450 Winning Health Technology Group Co Ltd 11 598,000 Winteam Pharmaceutical Group Ltd 374

VALUE SHARES COMPANY (000) 2,300 Wuchan Zhongda Group Co Ltd $ 2 17,520 Wuhan Guide Infrared Co Ltd 96 6,500 Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd 22 48,900 Wuhu Token Science Co Ltd 56 87,400 Wuliangye Yibin Co Ltd 3,595 21,200 WUS Printed Circuit Kunshan Co Ltd 54 23,380 WuXi AppTec Co Ltd 503 12,072 e,g WuXi AppTec Co Ltd (Hong Kong) 238 10,368,850 *,e,g Wuxi Biologics Cayman, Inc 130,759 3,500 Wuxi Lead Intelligent Equipment Co Ltd 42 21,800 Wuxi Taiji Industry Co Ltd 28 104,200 XCMG Construction Machinery Co Ltd 121 81,900 Xiamen C & D, Inc 105 1,000 Xiamen Intretech, Inc 10 13,200 Xiamen Tungsten Co Ltd 37 668,600 *,g Xiaomi Corp 2,233 800 Xinhu Zhongbao Co Ltd 0^ 49,100 Xinjiang Goldwind Science & Technology Co Ltd 107 164,200 e Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong) 312 736,863 Xinyi Solar Holdings Ltd 1,221 33,068 * XPeng, Inc (ADR) 1,207 44,000 g Yadea Group Holdings Ltd 98 2,200 Yango Group Co Ltd 2 4,900 Yantai Eddie Precision Machinery Co Ltd 45 16,600 Yantai Jereh Oilfield Services Group Co Ltd 89 358,000 Yanzhou Coal Mining Co Ltd 425 63,900 Yanzhou Coal Mining Co Ltd (Class A) 129 200 *,e Yatsen Holding Ltd (ADR) 2 8,450 Yealink Network Technology Corp Ltd 88 3,100 Yifan Pharmaceutical Co Ltd 10 1,140 Yifeng Pharmacy Chain Co Ltd 15 137,000 Yihai International Holding Ltd 1,429 16,000 * Yihai Kerry Arawana Holdings Co Ltd 192 39,820 Yintai Gold Co Ltd 54 23,600 Yonghui Superstores Co Ltd 25 478,254 Yonyou Network Technology Co Ltd 2,619 8,600 YTO Express Group Co Ltd 15 4,000 * Yuan Longping High-tech Agriculture Co Ltd 11 300,000 Yuexiul Property Co Ltd 68 300,680 Yum China Holdings, Inc 17,803 10,280 Yunda Holding Co Ltd 22 3,700 Yunnan Baiyao Group Co Ltd 68 2,400 Yunnan Energy New Material Co Ltd 41 15,600 * Zai Lab Ltd (ADR) 2,082 1,700 Zhangzhou Pientzehuang Pharmaceutical Co Ltd 75 237,000 Zhaojin Mining Industry Co Ltd 217 120,720 * Zhejiang Century Huatong Group Co Ltd 132 29,100 Zhejiang Chint Electrics Co Ltd 162 42,600 Zhejiang Dahua Technology Co Ltd 161 4,860 Zhejiang Dingli Machinery Co Ltd 72 84,000 Zhejiang Expressway Co Ltd 75 4,150 Zhejiang Huahai Pharmaceutical Co Ltd 16

VALUE SHARES COMPANY (000) 12,610 * Zhejiang Huayou Cobalt Co Ltd $ 134 14,200 Zhejiang Jingsheng Mechanical & Electrical Co Ltd 72 47,000 Zhejiang Juhua Co Ltd 66 49,300 Zhejiang Longsheng Group Co Ltd 109 6,100 Zhejiang NHU Co Ltd 36 13,990 Zhejiang Sanhua Intelligent Controls Co Ltd 44 6,000 Zhejiang Semir Garment Co Ltd 9 1,200 Zhejiang Supor Co Ltd 13 18,600 Zhejiang Weixing New Building Materials Co Ltd 72 1,000 Zhejiang Wolwo Bio-Pharmaceutical Co Ltd 9 7,600 Zhengzhou Yutong Bus Co Ltd 17 59,000 Zhenro Properties Group Ltd 42 12,000 Zheshang Securities Co Ltd 24 79,400 *,e,g ZhongAn Online P&C Insurance Co Ltd 484 4,900 Zhongji Innolight Co Ltd 26 65,500 Zhongjin Gold Corp Ltd 84 25,500 Zhongsheng Group Holdings Ltd 181 7,700 * Zhongtian Financial Group Co Ltd 3 25,300 Zhuzhou CSR Times Electric Co Ltd 95 1,160,000 Zijin Mining Group Co Ltd 1,435 221,500 Zijin Mining Group Co Ltd (Class A) 329 72,200 Zoomlion Heavy Industry Science and Technology Co Ltd 104 83,400 Zoomlion Heavy Industry Science and Technology Co Ltd 163 53,900 ZTE Corp 243 35,400 e ZTE Corp (Class H) 90 18,846 ZTO Express Cayman, Inc (ADR) 549 TOTAL CHINA 1,258,874

COLOMBIA - 0.0% 9,311 BanColombia S.A. 73 88,080 BanColombia S.A. (Preference) 702 1,151,179 Ecopetrol S.A. 744 10,642 Grupo de Inversiones Suramericana S.A. 63 78,309 Interconexion Electrica S.A. 481 TOTAL COLOMBIA 2,063

CZECH REPUBLIC - 0.0% 7,804 CEZ AS 193 3,396 Komercni Banka AS 105 769,422 g Moneta Money Bank AS 2,867 TOTAL CZECH REPUBLIC 3,165

DENMARK - 0.5% 102,764 Carlsberg AS (Class B) 15,760 16,504 Coloplast AS 2,481 28,829 * Genmab AS 9,482 617,006 Novo Nordisk AS 41,576 404,194 g Orsted AS 65,263 TOTAL DENMARK 134,562

EGYPT - 0.0% 843,351 Commercial International Bank 3,101 42,396 Eastern Tobacco 31

207

VALUE SHARES COMPANY (000) FINLAND - 0.4% 946,783 Neste Oil Oyj $ 50,280 899,547 * Nordea Bank Abp 8,874 787,952 * Nordea Bank Abp 7,769 325,715 Sampo Oyj (A Shares) 14,687 83,275 Stora Enso Oyj (R Shares) 1,553 651,279 e Wartsila Oyj (B Shares) 6,827 TOTAL FINLAND 89,990

FRANCE - 3.5% 309,713 Accor S.A. 11,669 47,628 Air Liquide 7,776 1,051,125 Airbus SE 119,216 1,317,242 BNP Paribas S.A. 80,259 293,250 Cap Gemini S.A. 49,860 495,565 Compagnie de Saint-Gobain 29,264 629,538 Credit Agricole S.A. 9,117 259,661 Danone 17,773 339,603 Dassault Systemes S.A. 72,586 102,225 Electricite de France 1,371 328,831 Engie S.A. 4,671 223,298 Essilor International S.A. 36,377 6,372 Gecina S.A. 877 8,705 Icade 636 124,333 Kering 85,797 158,376 L’Oreal S.A. 60,671 49,393 LVMH Moet Hennessy Louis Vuitton S.A. 32,992 99,010 Michelin (C.G.D.E.) (Class B) 14,829 331,565 Orange S. A. 4,080 8,389 Pernod-Ricard S.A. 1,570 216,371 Sanofi-Aventis 21,396 12,153 Sartorius Stedim Biotech 5,002 782,392 Schneider Electric S.A. 119,186 68,718 Suez Environnement S.A. 1,455 135,903 Teleperformance 49,550 77,382 e Total S.A. 3,608 1,200,225 Valeo S.A. 40,720 93,476 Veolia Environnement 2,398 TOTAL FRANCE 884,706

GERMANY - 2.7% 58,609 Adidas-Salomon AG. 18,309 47,878 Allianz AG. 12,178 477,984 Aroundtown S.A. 3,404 89,407 BASF SE 7,430 475,439 Bayer AG. 30,130 137,659 Beiersdorf AG. 14,545 634,753 * Borussia Dortmund GmbH & Co KGaA 4,041 62,934 g Covestro AG. 4,234 31,112 *,g Delivery Hero AG. 4,033 79,663 Deutsche Annington Immobilien SE 5,206 98,494 Deutsche Boerse AG. 16,367

VALUE SHARES COMPANY (000) 637,328 Deutsche Telekom AG. $ 12,844 63,730 Deutsche Wohnen AG. 2,973 406,428 E.ON AG. 4,736 945,193 HeidelbergCement AG. 85,878 231,991 * HelloFresh SE 17,285 35,072 Henkel KGaA 3,475 3,361,503 Infineon Technologies AG. 143,024 157,975 *,e,g Just Eat Takeaway.com NV 14,536 11,152 LEG Immobilien AG. 1,467 21,716 Merck KGaA 3,715 1,118 * OSRAM Licht AG. 70 649,722 * Paion AG. 1,518 2,313,204 RWE AG. 90,774 1,054,396 Siemens AG. 173,249 119,144 g Siemens Healthineers AG. 6,458 295,062 *,g TeamViewer AG. 12,619 TOTAL GERMANY 694,498

GREECE - 0.0% 5,760 *,† FF Group 0^ 11,011 Hellenic Telecommunications Organization S.A. 177 4,870 JUMBO S.A. 89 9,216 OPAP S.A. 125 TOTAL GREECE 391

HONG KONG - 0.4% 2,295,900 AIA Group Ltd 28,094 490,000 * Alibaba Pictures Group Ltd 64 249,000 Bank of East Asia Ltd 530 204,000 *,e Cathay Pacific Airways Ltd 191 2,688,000 * China Youzan Ltd 886 100,230 CK Infrastructure Holdings Ltd 598 310,500 CLP Holdings Ltd 3,023 638,000 Hang Lung Properties Ltd 1,665 145,200 e Hang Seng Bank Ltd 2,820 239,000 Henderson Land Development Co Ltd 1,079 1,891,768 Hong Kong & China Gas Ltd 3,000 229,712 Hong Kong Electric Holdings Ltd 1,360 228,682 Hong Kong Exchanges and Clearing Ltd 13,567 398,300 e Hongkong Land Holdings Ltd 1,959 3,100 * Hutchison China MediTech Ltd (ADR) 88 233,500 Kingboard Laminates Holdings Ltd 508 239,000 Link REIT 2,181 1,439,646 * Melco Crown Entertainment Ltd (ADR) 28,663 279,000 e New World Development Co Ltd 1,449 355,000 e Nine Dragons Paper Holdings Ltd 522 484,250 Sino Biopharmaceutical 486 54,000 SSY Group Ltd 31 242,000 e Sun Hung Kai Properties Ltd 3,664 14,000 e Vinda International Holdings Ltd 47 199,000 Wharf Real Estate Investment Co Ltd 1,119 TOTAL HONG KONG 97,594

VALUE SHARES COMPANY (000) HUNGARY - 0.0% 18,959 * MOL Hungarian Oil & Gas plc $ 137 233,411 * OTP Bank 9,977 76,373 Richter Gedeon Rt 2,252 TOTAL HUNGARY 12,366

INDIA - 0.6% 74,303 * Adani Green Energy Ltd 1,127 23,646 * Adani Ports & Special Economic Zone Ltd 228 29,464 Ambuja Cements Ltd 125 16,432 Apollo Hospitals Enterprise Ltd 654 62,048 Asian Paints Ltd 2,159 15,166 Associated Cement Co Ltd 396 144,110 Aurobindo Pharma Ltd 1,742 63,568 *,g Avenue Supermarts Ltd 2,491 447,844 * Axis Bank Ltd 4,299 55,709 * Bajaj Finance Ltd 3,944 10,555 * Bajaj Finserv Ltd 1,400 3,482 * Bajaj Holdings and Investment Ltd 175 3,629 Balkrishna Industries Ltd 84 142,250 *,g Bandhan Bank Ltd 665 17,600 Berger Paints India Ltd 185 10,024 * Bharat Forge Ltd 82 713,133 Bharat Petroleum Corp Ltd 4,190 796,487 Bharti Airtel Ltd 5,650 17,321 * Biocon Ltd 97 39,235 Britannia Industries Ltd 1,951 19,283 * Cipla Ltd 215 53,669 Coal India Ltd 96 5,776 Colgate-Palmolive India Ltd 123 12,583 Container Corp Of India Ltd 103 34,982 Dabur India Ltd 259 7,546 * Divi S Laboratories Ltd 375 28,152 DLF Ltd 111 64,418 Dr Reddy’s Laboratories Ltd 3,985 55,102 * Eicher Motors Ltd 1,969 71,906 GAIL India Ltd 134 19,708 * Godrej Consumer Products Ltd 197 13,091 Grasim Industries Ltd 260 11,358 Havells India Ltd 164 221,605 HCL Technologies Ltd 2,987 10,166 g HDFC Asset Management Co Ltd 407 157,239 *,g HDFC Life Insurance Co Ltd 1,501 20,093 Hero Honda Motors Ltd 803 345,984 Hindalco Industries Ltd 1,556 217,050 Hindustan Lever Ltd 7,239 28,798 Hindustan Petroleum Corp Ltd 93 344,930 Housing Development Finance Corp 11,852 1,013,125 * ICICI Bank Ltd 8,104 42,692 g ICICI Lombard General Insurance Co Ltd 839 63,088 *,g ICICI Prudential Life Insurance Co Ltd 385 89,057 Indian Oil Corp Ltd 112 18,163 Indraprastha Gas Ltd 128 29,282 Indus Towers Ltd 98

210

VALUE SHARES COMPANY (000) 678,294 Infosys Technologies Ltd $ 12,728 3,943 *,g InterGlobe Aviation Ltd 88 13,729 Ipca Laboratories Ltd 358 397,645 ITC Ltd 1,190 39,262 JSW Steel Ltd 253 14,106 * Jubilant Foodworks Ltd 563 114,451 * Kotak Mahindra Bank Ltd 2,757 9,719 g Larsen & Toubro Infotech Ltd 540 287,852 Larsen & Toubro Ltd 5,610 9,140 Lupin Ltd 128 153,239 Mahindra & Mahindra Ltd 1,675 26,367 Marico Ltd 149 33,951 Maruti Suzuki India Ltd 3,196 63,315 * Motherson Sumi Systems Ltd 175 411 MRF Ltd 464 5,123 * Muthoot Finance Ltd 85 5,003 Nestle India Ltd 1,177 214,691 NTPC Ltd 314 227 Page Industries Ltd 94 32,100 Petronet LNG Ltd 99 16,332 PI Industries Ltd 505 9,050 * Pidilite Industries Ltd 225 4,885 Piramal Healthcare Ltd 118 99,015 Power Grid Corp of India Ltd 293 136,420 REC Ltd 246 716,658 Reliance Industries Ltd 19,705 74,894 *,g SBI Life Insurance Co Ltd 905 95,082 Sesa Sterlite Ltd 299 450 * Shree Cement Ltd 182 39,044 Shriram Transport Finance Co Ltd 764 4,282 Siemens India Ltd 108 369,923 * State Bank of India 1,853 37,734 Sun Pharmaceutical Industries Ltd 309 194,554 Tata Consultancy Services Ltd 8,477 336,837 * Tata Motors Ltd 1,400 32,399 Tata Steel Ltd 361 25,256 Tata Tea Ltd 221 28,807 Tech Mahindra Ltd 392 56,920 Titan Industries Ltd 1,217 1,742 Torrent Pharmaceuticals Ltd 61 7,110 Trent Ltd 73 25,097 Ultra Tech Cement Ltd 2,319 16,022 * United Spirits Ltd 122 21,961 UPL Ltd 194 54,353 Wipro Ltd 308 453,958 * Yes Bank Ltd 97 38,877 ZEE Telefilms Ltd 109 TOTAL INDIA 149,781

INDONESIA - 0.1% 3,629,500 Adaro Energy Tbk 294 949,000 Astra International Tbk PT 346 1,880,700 Bank Central Asia Tbk PT 4,028 69,200,000 * Bank Rakyat Indonesia 20,994

VALUE SHARES COMPANY (000) 128,000 Indofood CBP Sukses Makmur Tbk $ 81 1,368,400 Kalbe Farma Tbk PT 148 1,821,900 * Merdeka Copper Gold Tbk PT 271 1,528,200 PT Aneka Tambang Tbk 238 3,521,947 PT Bank Mandiri Persero Tbk 1,492 1,461,900 * PT Bank Negara Indonesia 577 5,189,600 * PT Barito Pacific Tbk 344 1,342,000 PT Charoen Pokphand Indonesia Tbk 648 20,000 * PT Gudang Garam Tbk 50 507,900 PT Indah Kiat Pulp and Paper Corp Tbk 366 299,300 PT Indocement Tunggal Prakarsa Tbk 253 174,300 PT Indofood Sukses Makmur Tbk 79 2,797,300 PT Perusahaan Gas Negara Persero Tbk 254 547,000 PT Semen Gresik Persero Tbk 393 469,100 PT Unilever Indonesia Tbk 212 320,200 PT United Tractors Tbk 488 4,301,000 Sarana Menara Nusantara Tbk PT 326 2,155,100 Telkom Indonesia Persero Tbk PT 509 TOTAL INDONESIA 32,391

IRELAND - 0.8% 6,202,711 * AIB Group plc 16,273 2,850,370 Bank of Ireland Group plc 14,076 1,562,698 CRH plc 73,129 155,193 * Flutter Entertainment plc 33,157 10,068,232 Hibernia REIT plc 13,035 13,826 Kerry Group plc (Class A) 1,727 509,386 * Keywords Studios plc 18,076 614,584 Smurfit Kappa Group plc 28,836 TOTAL IRELAND 198,309

ISRAEL - 0.2% 215,645 * Bank Hapoalim Ltd 1,677 275,920 * Bank Leumi Le-Israel 1,818 221,058 * Israel Discount Bank Ltd 919 342,424 * Kornit Digital Ltd 33,941 26,628 * Mizrahi Tefahot Bank Ltd 694 TOTAL ISRAEL 39,049

ITALY - 0.8% 212,958 Amplifon S.p.A. 7,924 3,148,999 Davide Campari-Milano NV 35,245 9,248,841 Enel S.p.A. 92,002 121,505 e Ferrari NV 25,417 2,507,251 Intesa Sanpaolo S.p.A. 6,794 606,979 e Moncler S.p.A 34,761 1,715,281 Prada S.p.A 10,729 TOTAL ITALY 212,872

JAPAN - 6.4% 75,800 Acom Co Ltd 353 279 Activia Properties Inc 1,226 100 Aeon Mall Co Ltd 2

212

VALUE SHARES COMPANY (000) 297,700 Aisin Seiki Co Ltd $ 11,338 9,008 * All Nippon Airways Co Ltd 210 22,400 e Aozora Bank Ltd 514 221,179 Asahi Kasei Corp 2,553 380,100 Astellas Pharma, Inc 5,855 10,800 e Bank of Kyoto Ltd 665 774,000 *,e BASE, Inc 11,236 468,700 Benefit One, Inc 12,477 62,337 Central Japan Railway Co 9,333 100,700 Chiba Bank Ltd 659 143,200 Chubu Electric Power Co, Inc 1,845 103,200 Chugai Pharmaceutical Co Ltd 4,193 195,200 e Concordia Financial Group Ltd 792 66,200 Daifuku Co Ltd 6,505 204,800 Dai-ichi Mutual Life Insurance Co 3,520 2,629,691 Daiichi Sankyo Co Ltd 76,723 116,531 Daikin Industries Ltd 23,558 5,500 Daito Trust Construction Co Ltd 639 276 Daiwa House REIT Investment Corp 742 274,300 * Daiwa Securities Group, Inc 1,421 129,386 East Japan Railway Co 9,200 79,000 Eisai Co Ltd 5,310 531,500 ENEOS Holdings, Inc 2,411 317,100 * Fanuc Ltd 76,233 6,000 Fast Retailing Co Ltd 4,796 32,600 e Fukuoka Financial Group, Inc 619 125,299 GMO Payment Gateway, Inc 16,649 220,800 * Hitachi Construction Machinery Co Ltd 7,076 2,202,864 * Hitachi Ltd 99,852 34,785 * Hitachi Metals Ltd 574 131,900 Hulic Co Ltd 1,559 636 Hulic Reit, Inc 998 37,137 e Idemitsu Kosan Co Ltd 959 7,152,600 Infomart Corp 61,832 162,974 Inpex Holdings, Inc 1,114 8 Invincible Investment Corp 3 103,400 IR Japan Holdings Ltd 12,520 715,800 Japan Elevator Service Holdings Co Ltd 15,425 76,800 e Japan Post Bank Co Ltd 739 299,100 Japan Post Holdings Co Ltd 2,666 42,700 Japan Post Insurance Co Ltd 877 4 Japan Retail Fund Investment Corp 4 187,740 Japan Tobacco, Inc 3,607 89,309 JFE Holdings, Inc 1,102 408,900 JGC Corp 5,027 33,973 JSR Corp 1,028 276,600 Kansai Electric Power Co, Inc 2,999 35,801 Kansai Paint Co Ltd 958 91,400 Kao Corp 6,048 301,000 KDDI Corp 9,274 57 Kenedix Realty Investment Corp 406 76,200 Keyence Corp 34,729 62,101 Kuraray Co Ltd 710 41,351 Kyushu Electric Power Co, Inc 408

VALUE SHARES COMPANY (000) 101,400 M3, Inc $ 6,961 176,100 Mebuki Financial Group Inc 416 245,501 Mitsubishi Chemical Holdings Corp 1,844 310,873 Mitsubishi Estate Co Ltd 5,444 31,600 Mitsubishi Gas Chemical Co, Inc 777 2,321,400 Mitsubishi UFJ Financial Group, Inc 12,413 76,500 e Mitsubishi UFJ Lease & Finance Co Ltd 462 748,900 Mitsui & Co Ltd 15,630 32,201 Mitsui Chemicals, Inc 1,019 2,050 Mitsui Fudosan Co Ltd 47 1,035 Mitsui Fudosan Logistics Park, Inc 5,118 458,000 Mizuho Financial Group, Inc 6,623 974,050 MonotaRO Co Ltd 26,424 243 Mori Hills REIT Investment Corp 337 84,500 MS&AD Insurance Group Holdings Inc 2,486 348,361 Nintendo Co Ltd 196,349 138,500 Nippon Paint Co Ltd 2,000 132,101 Nippon Steel Corp 2,255 234,500 Nippon Telegraph & Telephone Corp 6,051 21,039 Nissan Chemical Industries Ltd 1,126 28,300 Nitto Denko Corp 2,426 597,100 * Nomura Holdings, Inc 3,164 658 Nomura Real Estate Master Fund, Inc 991 574,812 NSK Ltd 5,910 146,995 OJI Paper Co Ltd 953 119,111 Omron Corp 9,330 30,100 Oriental Land Co Ltd 4,529 249,500 ORIX Corp 4,220 447 Orix JREIT, Inc 779 96,700 Osaka Securities Exchange Co Ltd 2,272 331,400 Paltac Corp 17,962 408,700 Panasonic Corp 5,292 2,255,800 Recruit Holdings Co Ltd 110,774 1,865,300 * Renesas Electronics Corp 20,423 397,100 Resona Holdings, Inc 1,668 44,800 * SBI Holdings, Inc 1,217 117,500 Sekisui House Ltd 2,527 92,400 Seven & I Holdings Co Ltd 3,731 111,900 e Seven Bank Ltd 256 114,198 * SHIFT, Inc 13,583 29,400 * Shinsei Bank Ltd 475 19,800 Shiseido Co Ltd 1,332 79,100 e Shizuoka Bank Ltd 622 454,300 SMS Co Ltd 13,910 63,800 Sompo Holdings, Inc 2,445 2,417,104 Sony Corp 255,810 2,797 Star Asia Investment Corp 1,333 1,609,200 Sumco Corp 36,879 276,300 Sumitomo Chemical Co Ltd 1,434 405,101 Sumitomo Heavy Industries Ltd 11,264 43,000 Sumitomo Metal Mining Co Ltd 1,863 1,745,601 Sumitomo Mitsui Financial Group, Inc 63,273 64,100 Sumitomo Mitsui Trust Holdings, Inc 2,236 20 Sumitomo Realty & Development Co Ltd 1

VALUE SHARES COMPANY (000) 3,400 Sysmex Corp $ 367 102,200 T&D Holdings, Inc 1,315 20,382 e Taiyo Nippon Sanso Corp 389 201,799 TechnoPro Holdings, Inc 16,885 32,665 Teijin Ltd 564 119,900 Tokio Marine Holdings, Inc 5,706 8,100 Tokyo Century Corp 546 285,600 * Tokyo Electric Power Co, Inc 955 150,000 Tokyo Gas Co Ltd 3,342 213,400 Tokyo Tatemono Co Ltd 3,253 252,201 Toray Industries, Inc 1,628 50,821 Tosoh Corp 973 1,621,422 * Toyota Motor Corp 126,179 406 United Urban Investment Corp 546 175,800 e Workman Co Ltd 12,621 TOTAL JAPAN 1,638,463

KOREA, REPUBLIC OF - 1.8% 1,182 * Alteogen, Inc 94 24,447 Amorepacific Corp 5,615 16,246 BGF retail Co Ltd 2,274 3,326 * Celltrion Healthcare Co Ltd 401 673 * Celltrion Pharm Inc 90 18,677 * Celltrion, Inc 5,383 2,668 Cheil Communications, Inc 50 315 CJ CheilJedang Corp 115 703 CJ Corp 59 482 CJ O Shopping Co Ltd 61 844,732 * Coupang, Inc 41,688 1,872 Coway Co Ltd 109 1,677 * Daewoo Shipbuilding & Marine Engineering Co Ltd 42 10,733 Dongbu Insurance Co Ltd 449 9,836 * Doosan Bobcat, Inc 367 8,545 * Doosan Heavy Industries and Construction Co Ltd 99 3,159 DuzonBIzon Co Ltd 275 3,530 E-Mart Co Ltd 537 2,314 Fila Korea Ltd 89 2,810 GS Engineering & Construction Corp 107 2,277 GS Holdings Corp 79 869 GS Retail Co Ltd 29 61,401 Hana Financial Group, Inc 2,322 3,039 Hankook Tire Co Ltd 132 302 Hanmi Pharm Co Ltd 85 8,798 Hanon Systems 138 22,626 * Hanwha Chemical Corp 1,012 1,633 Hanwha Corp 46 17,320 * HLB, Inc 604 3,325 Honam Petrochemical Corp 888 1,232 Hotel Shilla Co Ltd 95 191,430 Hynix Semiconductor, Inc 22,601 3,678 Hyundai Engineering & Construction Co Ltd 144 875 Hyundai Glovis Co Ltd 146 1,703 * Hyundai Heavy Industries 202 14,139 Hyundai Marine & Fire Insurance Co Ltd 306

VALUE SHARES COMPANY (000) 12,298 Hyundai Mobis $ 3,190 21,460 Hyundai Motor Co 4,159 1,613 Hyundai Motor Co Ltd (2nd Preference) 140 1,021 Hyundai Motor Co Ltd (Preference) 91 509 Hyundai Robotics Co Ltd 131 17,535 Hyundai Steel Co 748 12,103 Industrial Bank of Korea 98 2,616 Kakao Corp 1,155 4,198 * Kangwon Land, Inc 94 80,185 KB Financial Group, Inc 3,952 32,383 Kia Motors Corp 2,380 4,146 * KMW Co Ltd 238 12,202 Korea Aerospace Industries Ltd 398 11,594 Korea Electric Power Corp 238 295 * Korea Express Co Ltd 48 1,394 * Korea Gas Corp 42 7,866 Korea Investment Holdings Co Ltd 598 785 Korea Kumho Petrochemical 184 1,595 Korea Zinc Co Ltd 578 17,845 * Korean Air Lines Co Ltd 432 4,662 KT&G Corp 336 132,836 LG Chem Ltd 95,060 1,441 LG Chem Ltd (Preference) 493 18,597 LG Corp 1,492 10,983 * LG Display Co Ltd 222 4,910 LG Electronics, Inc 656 1,898 LG Household & Health Care Ltd 2,634 135 LG Household & Health Care Ltd (Preference) 82 550 LG Innotek Co Ltd 101 8,537 LG Telecom Ltd 93 1,260 Lotte Corp 38 575 Lotte Shopping Co Ltd 64 9,826 Meritz Securities Co Ltd 40 52,276 Mirae Asset Daewoo Co Ltd 457 5,851 Naver Corp 1,959 816 NCsoft 631 1,128 g Netmarble Corp 129 1,227 Orion Corp/Republic of Korea 142 81 Ottogi Corp 41 9,258 Pacific Corp 533 10,544 Pan Ocean Co Ltd 58 304 * Pearl Abyss Corp 83 14,551 POSCO 4,123 4,672 POSCO Refractories & Environment Co Ltd 646 3,079 S1 Corp (Korea) 222 3,364 *,g Samsung Biologics Co Ltd 2,239 16,652 Samsung C&T Corp 1,842 1,062 Samsung Card Co 32 59,828 Samsung Electro-Mechanics Co Ltd 9,986 3,016,639 Samsung Electronics Co Ltd 218,238 38,031 Samsung Electronics Co Ltd (Preference) 2,463 6,867 * Samsung Engineering Co Ltd 85 6,222 Samsung Fire & Marine Insurance Co Ltd 1,046 21,176 * Samsung Heavy Industries Co Ltd 146

VALUE SHARES COMPANY (000) 13,880 Samsung Life Insurance Co Ltd $ 959 6,786 Samsung SDI Co Ltd 3,990 1,703 Samsung SDS Co Ltd 292 11,600 Samsung Securities Co Ltd 406 836 Seegene, Inc 96 1,261 Shin Poong Pharmaceutical Co Ltd 96 88,199 Shinhan Financial Group Co Ltd 2,929 295 Shinsegae Co Ltd 74 3,410 * SK Biopharmaceuticals Co Ltd 312 1,423 SK Chemicals Co Ltd (New) 317 6,942 SK Holdings Co Ltd 1,740 10,841 * SK Innovation Co Ltd 2,112 1,687 SK Telecom Co Ltd 411 9,523 * S-Oil Corp 686 23,109 Woori Financial Group, Inc 206 4,171 Woori Investment & Securities Co Ltd 43 3,072 Yuhan Corp 171 TOTAL KOREA, REPUBLIC OF 466,879

KUWAIT - 0.0% 220,382 Agility Public Warehousing Co KSC 530 60,478 Boubyan Bank KSCP 121 66,502 Gulf Bank KSCP 48 216,142 Kuwait Finance House 550 105,800 Mabanee Co KPSC 254 432,387 Mobile Telecommunications Co KSC 866 304,218 National Bank of Kuwait SAKP 813 TOTAL KUWAIT 3,182

LUXEMBOURG - 0.0% 7,014 Reinet Investments S.C.A 139 TOTAL LUXEMBOURG 139

MACAU - 0.0% 556,000 * Galaxy Entertainment Group Ltd 5,026 1,177,000 SJM Holdings Ltd 1,545 1,812,800 * Wynn Macau Ltd 3,527 TOTAL MACAU 10,098

MALAYSIA - 0.1% 61,300 AMMB Holdings BHD 43 105,543 Axiata Group Bhd 93 1,267,055 Bumiputra-Commerce Holdings BHD 1,328 863,400 Dialog Group BHD 648 119,800 Digi.Com BHD 105 5,000 Fraser & Neave Holdings BHD 36 330,231 * Gamuda BHD 285 99,900 Genting BHD 121 129,000 Genting Malaysia Bhd 96 26,700 Genting Plantations BHD 59 123,700 HAP Seng Consolidated BHD 249 84,000 Hartalega Holdings BHD 181 130,300 Hong Leong Bank BHD 588

217

VALUE SHARES COMPANY (000) 120,100 IHH Healthcare BHD $ 154 169,100 IOI Corp BHD 171 60,800 Kossan Rubber Industries 48 32,330 Kuala Lumpur Kepong BHD 179 771,307 Malayan Banking BHD 1,536 38,000 Malaysia Airports Holdings BHD 57 88,900 Maxis BHD 97 307,700 MISC BHD 507 14,600 Nestle Malaysia BHD 475 469,800 Petronas Chemicals Group BHD 907 67,800 Petronas Dagangan BHD 328 178,000 Petronas Gas BHD 687 32,480 PPB Group BHD 145 239,900 Press Metal BHD 574 2,858,600 Public Bank BHD 2,897 173,450 QL Resources BHD 254 65,700 RHB Capital BHD 85 96,700 Sime Darby BHD 56 129,300 Sime Darby Plantation BHD 145 1,153 * SP Setia BHD 0^ 67,248 Supermax Corp BHD 62 65,600 Telekom Malaysia BHD 97 487,800 Tenaga Nasional BHD 1,191 239,800 Top Glove Corp BHD 262 165,200 Westports Holdings BHD 168 TOTAL MALAYSIA 15,033

MEXICO - 0.1% 6,564,100 America Movil S.A. de C.V. (Series L) 4,483 101,100 Becle SAB de C.V. 231 2,930,894 * Cemex S.A. de C.V. 2,068 109,765 Coca-Cola Femsa SAB de C.V. 507 97,900 Embotelladoras Arca SAB de C.V. 483 645,900 Fibra Uno Administracion S.A. de C.V. 755 377,200 Fomento Economico Mexicano S.A. de C.V. 2,844 44,210 Gruma SAB de C.V. 522 72,200 * Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares) 755 37,505 * Grupo Aeroportuario del Sureste S.A. de C.V. (Class B) 666 296,500 Grupo Bimbo S.A. de C.V. (Series A) 622 82,200 Grupo Carso S.A. de C.V. (Series A1) 225 464,800 * Grupo Financiero Banorte S.A. de C.V. 2,618 96,127 * Grupo Financiero Inbursa S.A. 87 596,100 Grupo Mexico S.A. de C.V. (Series B) 3,134 458,000 * Grupo Televisa S.A. 815 23,395 * Industrias Penoles S.A. de C.V. 302 101,200 * Infraestructura Energetica ,NV SAB de C.V. 391 326,700 Kimberly-Clark de Mexico S.A. de C.V. (Class A) 558 59,500 Megacable Holdings SAB de C.V. 213 208,300 Orbia Advance Corp SAB de C.V. 556 42,570 Promotora y Operadora de Infraestructura SAB de C.V. 326 194,600 *,e Telesites SAB de C.V. 202 1,047,400 Wal-Mart de Mexico SAB de C.V. 3,304 TOTAL MEXICO 26,667

VALUE SHARES COMPANY (000) NETHERLANDS - 2.3% 9,895 *,g Adyen NV $ 22,080 120,148 Akzo Nobel NV 13,414 1,234 * Argenx SE 339 22,493 *,e Argenx SE 6,185 432,868 ASML Holding NV 265,595 65,757 g Euronext NV 6,618 54,008 * Heineken NV 5,544 15,336,054 ING Groep NV 187,316 232,090 Koninklijke Ahold Delhaize NV 6,474 584,082 Koninklijke KPN NV 1,981 166,114 Koninklijke Philips Electronics NV 9,473 253,324 NXP Semiconductors NV 51,004 809,034 Royal Dutch Shell plc (A Shares) 15,727 TOTAL NETHERLANDS 591,750

NEW ZEALAND - 0.0% 387,651 Fisher & Paykel Healthcare Corp 8,704 TOTAL NEW ZEALAND 8,704

NORWAY - 0.3% 1,178,178 Aker BP ASA 33,422 1,504,266 Equinor ASA 29,363 167,695 Gjensidige Forsikring BA 3,933 1,793,497 Norsk Hydro ASA 11,519 TOTAL NORWAY 78,237

PAKISTAN - 0.0% 13,694 Habib Bank Ltd 10 6,354 MCB Bank Ltd 7 58,322 Oil & Gas Development Co Ltd 39 TOTAL PAKISTAN 56

PERU - 0.0% 42,300 * Cia de Minas Buenaventura S.A. (ADR) (Series B) 424 13,700 Credicorp Ltd (NY) 1,871 17,097 Southern Copper Corp (NY) 1,161 TOTAL PERU 3,456

PHILIPPINES - 0.1% 379,560 Aboitiz Equity Ventures, Inc 270 366,800 Aboitiz Power Corp 178 12,740 Ayala Corp 194 1,551,470 Ayala Land, Inc 1,100 81,380 Bank of the Philippine Islands 137 402,500 BDO Unibank, Inc 847 2,335 Globe Telecom, Inc 90 4,064 GT Capital Holdings, Inc 44 196,390 International Container Term Services, Inc 491 542,975 JG Summit Holdings (Series B) 669 22,110 Jollibee Foods Corp 81 58,560 Manila Electric Co 328 2,267,927 Megaworld Corp 168

VALUE SHARES COMPANY (000) 594,900 Metro Pacific Investments Corp $ 46 72,023 Metropolitan Bank & Trust 66 4,210 PLDT, Inc 106 41,600 Puregold Price Club, Inc 34 5,826,950 Robinsons Retail Holdings, Inc 6,873 52,315 SM Investments Corp 1,036 1,952,700 SM Prime Holdings 1,410 46,060 Universal Robina 126 TOTAL PHILIPPINES 14,294

POLAND - 0.1% 1,009,600 *,g Allegro.eu S.A. 14,212 9,706 * Bank Pekao S.A. 173 1,599 * Bank Zachodni WBK S.A. 88 3,434 * CD Projekt Red S.A. 166 10,739 Cyfrowy Polsat S.A. 80 48,932 *,g Dino Polska S.A. 3,226 654,024 * InPost S.A. 10,712 6,410 * KGHM Polska Miedz S.A. 308 58 * LPP S.A. 119 44,456 * PGE Polska Grupa Energetyczna S.A. 77 14,326 Polski Koncern Naftowy Orlen S.A. 230 80,470 Polskie Gornictwo Naftowe i Gazownictwo S.A. 122 41,786 Powszechna Kasa Oszczednosci Bank Polski S.A. 346 24,876 * Powszechny Zaklad Ubezpieczen S.A. 214 25,446 * Telekomunikacja Polska S.A. 42 TOTAL POLAND 30,115

PORTUGAL - 0.1% 1,988,599 Energias de Portugal S.A. 11,358 842,501 Jeronimo Martins SGPS S.A. 14,178 TOTAL PORTUGAL 25,536

QATAR - 0.0% 107,781 Barwa Real Estate Co 96 79,547 Commercial Bank of Qatar QSC 106 84,263 Industries Qatar QSC 277 168,911 Masraf Al Rayan 199 205,862 Mesaieed Petrochemical Holding Co 105 32,871 Ooredoo QSC 64 31,559 Qatar Electricity & Water Co 147 26,621 Qatar Fuel QSC 126 535,668 Qatar Gas Transport Co Ltd 465 28,011 Qatar International Islamic Bank QSC 67 52,680 Qatar Islamic Bank SAQ 238 768,579 Qatar National Bank 3,799 TOTAL QATAR 5,689

ROMANIA - 0.0% 23,459 NEPI Rockcastle plc 148 TOTAL ROMANIA 148

VALUE SHARES COMPANY (000) RUSSIA - 0.8% 337,562 *,g Fix Price Group Ltd (ADR) $ 3,295 91,369 Gazprom (ADR) 548 758,416 Gazprom OAO (ADR) 4,517 55,825 LUKOIL PJSC (ADR) 4,510 233,251 Magnit PJSC (ADR) 3,496 17,335 * Mail.Ru Group Ltd 397 28,604 MMC Norilsk Nickel PJSC (ADR) 895 29,900 e Mobile TeleSystems (ADR) 249 18,871 Novatek PJSC (GDR) 3,727 6,654 Novolipetsk Steel PJSC (GDR) 212 7,442 PhosAgro PJSC (GDR) 130 13,133 Polymetal International plc (ADR) 257 12,630 Polyus PJSC (GDR) 1,162 27,245 * Polyus PJSC (GDR) 2,508 67,362 * Rosneft Oil Co PJSC (GDR) 509 4,153,929 Sberbank of Russia (ADR) 64,012 13,824 Severstal (GDR) 279 84,238 Surgutneftegaz (ADR) (London) 381 49,572 Tatneft PJSC (ADR) 2,322 204,014 TCS Group Holding plc (ADR) 11,833 81,025 * VTB Bank PJSC (GDR) Tradegate 88 5,969 X5 Retail Group NV (GDR) 193 1,611,041 * Yandex NV 103,203 TOTAL RUSSIA 208,723

SAUDI ARABIA - 0.1% 10,339 Abdullah Al Othaim Markets Co 348 6,436 Advanced Petrochemical Co 125 240,641 Al Rajhi Bank 6,342 39,743 * Alinma Bank 195 12,317 Almarai Co JSC 171 22,913 Arab National Bank 128 20,015 Bank AlBilad 188 16,023 Bank Al-Jazira 67 26,371 Banque Saudi Fransi 235 4,753 * Bupa Arabia for Cooperative Insurance Co 152 5,805 * Co for Cooperative Insurance 122 23,279 * Dar Al Arkan Real Estate Development Co 57 10,192 Dr Sulaiman Al Habib Medical Services Group Co 337 17,920 * Emaar Economic City 51 18,119 * Etihad Etisalat Co 143 3,386 Jarir Marketing Co 164 90,868 * Mobile Telecommunications Co Saudi Arabia 364 286,847 National Commercial Bank 4,065 14,214 * National Industrialization Co 58 11,988 * Rabigh Refining & Petrochemical Co 54 60,436 Riyad Bank 362 9,836 SABIC Agri-Nutrients Co 258 16,526 Sahara International Petrochemical Co 97 196,784 * Samba Financial Group 2,023 3,363 * Saudi Airlines Catering Co 68 20,101 * Saudi Arabian Mining Co 306 471,676 g Saudi Arabian Oil Co 4,528

221

VALUE SHARES COMPANY (000) 37,885 Saudi British Bank $ 266 2,776 Saudi Cement Co 49 36,396 Saudi Electricity Co 228 7,761 Saudi Industrial Investment Group 67 29,409 * Saudi Kayan Petrochemical Co 125 122,155 Saudi Telecom Co 4,133 10,348 Savola Group 109 10,221 Yanbu National Petrochemical Co 189 TOTAL SAUDI ARABIA 32,056

SINGAPORE - 0.1% 476,800 Ascendas REIT 1,083 10,300 g BOC Aviation Ltd 100 415,642 e CapitaLand Ltd 1,165 340,800 DBS Group Holdings Ltd 7,307 627,861 Oversea-Chinese Banking Corp 5,493 152,600 e Singapore Exchange Ltd 1,132 1,472,100 e Singapore Telecommunications Ltd 2,675 223,316 e United Overseas Bank Ltd 4,306 TOTAL SINGAPORE 23,261

SOUTH AFRICA - 0.2% 140,522 Absa Group Ltd 1,200 22,856 e African Rainbow Minerals Ltd 429 2,556 Anglo American Platinum Ltd 373 15,948 * Aspen Pharmacare Holdings Ltd 156 14,613 * Bid Corp Ltd 283 11,345 e Bidvest Group Ltd 131 99,663 * Capitec Bank Holdings Ltd 9,581 12,410 Clicks Group Ltd 202 15,730 * Discovery Holdings Ltd 141 13,235 Exxaro Resources Ltd 156 804,002 e FirstRand Ltd 2,810 181,711 Gold Fields Ltd 1,708 175,412 Growthpoint Properties Ltd 157 94,920 *,e Harmony Gold Mining Co Ltd 405 168,125 e Impala Platinum Holdings Ltd 3,104 2,790 e Kumba Iron Ore Ltd 115 10,621 Mr Price Group Ltd 139 340,029 MTN Group Ltd 1,997 20,669 MultiChoice Group Ltd 180 105,384 Naspers Ltd (N Shares) 25,241 19,297 Nedbank Group Ltd 183 380,794 * Northam Platinum Ltd 6,616 259,237 Old Mutual Ltd 222 28,625 Rand Merchant Investment Holdings Ltd 59 28,005 Remgro Ltd 198 80,320 e Sanlam Ltd 324 112,312 * Sasol Ltd 1,623 19,908 e Shoprite Holdings Ltd 212 134,206 e Sibanye Stillwater Ltd 598 9,509 Spar Group Ltd 122 258,215 Standard Bank Group Ltd 2,192 7,591 Tiger Brands Ltd 108

VALUE SHARES COMPANY (000) 25,405 Vodacom Group Pty Ltd $ 217 38,921 * Woolworths Holdings Ltd 130 TOTAL SOUTH AFRICA 61,312

SPAIN - 0.6% 881,923 Amadeus IT Holding S.A. 62,818 12,466,484 * Banco Bilbao Vizcaya Argentaria S.A. 64,965 1,713,866 Iberdrola S.A. 22,121 253,975 Industria De Diseno Textil S.A. 8,391 108,528 *,†,e Let’s GOWEX S.A. 1 4,005 Merlin Properties Socimi S.A. 41 56,299 Naturgy Energy Group S.A. 1,382 70,054 Red Electrica Corp S.A. 1,243 875,574 Telefonica S.A. 3,936 TOTAL SPAIN 164,898

SWEDEN - 0.6% 1,005,149 Assa Abloy AB 28,929 316 Autoliv, Inc 29 88,120 g Evolution Gaming Group AB 12,977 50,984 * Fastighets AB Balder 2,524 261,345 Hexagon AB (B Shares) 24,124 498,177 e Intrum Justitia AB 15,998 208,666 Lundin Petroleum AB 6,563 713,574 Sandvik AB 19,525 26,333 *,e SAS AB 6 469,003 Swedish Match AB 36,587 TOTAL SWEDEN 147,262

SWITZERLAND - 2.1% 211,923 Alcon, Inc 14,872 95,724 Cie Financiere Richemont S.A. 9,192 6,840,641 Credit Suisse Group 72,369 3,379 Givaudan S.A. 13,034 212,094 Lonza Group AG. 118,624 547,548 Nestle S.A. 61,039 266,012 Novartis AG. 22,739 7,966 PSP Swiss Property AG. 970 509,165 Roche Holding AG. 164,941 6,000 Straumann Holding AG. 7,491 7,966 Swiss Prime Site AG. 735 706,529 UBS Group AG 10,931 62,791 Zurich Insurance Group AG 26,727 TOTAL SWITZERLAND 523,664

TAIWAN - 1.6% 94,000 Accton Technology Corp 914 132,000 Acer, Inc 146 24,391 Advantech Co Ltd 304 5,113,100 ASE Technology Holding Co Ltd 19,504 100,000 Asia Cement Corp 168 5,000 ASMedia Technology, Inc 264 30,000 Asustek Computer, Inc 394

223

VALUE SHARES COMPANY (000) 33,189 Catcher Technology Co Ltd $ 247 1,550,412 Cathay Financial Holding Co Ltd 2,611 230,707 Chailease Holding Co Ltd 1,597 194,350 Chang Hwa Commercial Bank 120 68,000 Cheng Shin Rubber Industry Co Ltd 115 41,335 Chicony Electronics Co Ltd 148 643,000 China Development Financial Holding Corp 237 410,045 China Life Insurance Co Ltd (Taiwan) 371 2,301,000 China Steel Corp 2,093 3,564,000 Chinatrust Financial Holding Co 2,766 187,000 Chunghwa Telecom Co Ltd 732 166,000 Compal Electronics, Inc 156 929,727 Dadi Early-Childhood Education Group Ltd 5,784 1,286,700 Delta Electronics, Inc 13,122 2,266,087 E.Sun Financial Holding Co Ltd 2,075 9,000 Eclat Textile Co Ltd 152 120,731 * Evergreen Marine Corp Tawain Ltd 194 639,000 Far Eastern Textile Co Ltd 678 94,000 Far EasTone Telecommunications Co Ltd 211 17,040 Feng TAY Enterprise Co Ltd 117 2,025,530 First Financial Holding Co Ltd 1,578 701,000 Formosa Chemicals & Fibre Corp 2,158 233,000 Formosa Petrochemical Corp 793 752,000 Formosa Plastics Corp 2,671 37,000 Foxconn Technology Co Ltd 95 1,335,000 Fubon Financial Holding Co Ltd 2,664 1,989,600 Fuhwa Financial Holdings Co Ltd 1,572 56,000 Giant Manufacturing Co Ltd 677 445,100 Globalwafers Co Ltd 11,800 122,800 Highwealth Construction Corp 187 13,107 Hiwin Technologies Corp 187 583,000 Hon Hai Precision Industry Co, Ltd 2,557 1,934,278 Hota Industrial Manufacturing Co Ltd 7,923 36,000 Hotai Motor Co Ltd 745 314,281 Hua Nan Financial Holdings Co Ltd 206 408,000 InnoLux Display Corp 304 95,000 Inventec Co Ltd 90 4,604 Largan Precision Co Ltd 521 83,000 Lite-On Technology Corp 184 300,242 MediaTek, Inc 10,327 2,177,000 Mega Financial Holding Co Ltd 2,435 29,000 Micro-Star International Co Ltd 178 1,015,000 Nan Ya Plastics Corp 2,852 11,000 Nan Ya Printed Circuit Board Corp 138 65,000 Nanya Technology Corp 212 7,000 Nien Made Enterprise Co Ltd 98 26,000 Novatek Microelectronics Corp Ltd 530 36,000 * Oneness Biotech Co Ltd 334 96,000 Pegatron Technology Corp 250 7,000 Phison Electronics Corp 121 146,000 Pou Chen Corp 169 42,000 Powertech Technology, Inc 156 34,000 President Chain Store Corp 325 127,000 Quanta Computer, Inc 438

VALUE SHARES COMPANY (000) 22,000 Realtek Semiconductor Corp $ 384 145,100 Ruentex Development Co Ltd 252 641,999 Shanghai Commercial & Savings Bank Ltd 946 2,260,622 Shin Kong Financial Holding Co Ltd 727 420,300 SinoPac Financial Holdings Co Ltd 190 53,000 Synnex Technology International Corp 102 392,089 Taishin Financial Holdings Co Ltd 184 206,417 Taiwan Business Bank 72 216,192 Taiwan Cement Corp 355 1,771,945 Taiwan Cooperative Financial Holding 1,315 396,000 Taiwan High Speed Rail Corp 437 89,000 Taiwan Mobile Co Ltd 306 13,159,100 Taiwan Semiconductor Manufacturing Co Ltd 277,120 63,000 Unimicron Technology Corp 204 494,000 Uni-President Enterprises Corp 1,268 554,000 United Microelectronics Corp 994 38,000 Vanguard International Semiconductor Corp 145 16,000 Walsin Technology Corp 141 15,000 Win Semiconductors Corp 207 148,000 Winbond Electronics Corp 155 142,690 Wistron Corp 168 15,000 Wiwynn Corp 445 58,640 WPG Holdings Co Ltd 101 18,339 Yageo Corp 359 33,000 Zhen Ding Technology Holding Ltd 140 TOTAL TAIWAN 397,726

TANZANIA, UNITED REPUBLIC OF - 0.0% 81,453 AngloGold Ashanti Ltd 1,773 TOTAL TANZANIA, UNITED REPUBLIC OF 1,773

THAILAND - 0.1% 67,900 Advanced Info Service PCL (Foreign) 378 567,500 Airports of Thailand PCL (ADR) 1,257 168,500 Airports of Thailand PCL (Foreign) 373 1,420,600 Asset World Corp PCL 233 140,200 B Grimm Power PCL 206 128,400 Bangkok Bank PCL (Foreign) 519 64,400 Bangkok Commercial Asset Management PCL 45 378,100 Bangkok Dusit Medical Services PCL (Foreign) 260 1,373,800 Bangkok Expressway & Metro PCL 386 226,400 Berli Jucker PCL 285 1,370,690 BTS Group Holdings PCL 423 17,200 Bumrungrad Hospital PCL (Foreign) 75 417,400 Central Pattana PCL (Foreign) 781 70,675 Central Retail Corp PCL 85 163,600 Charoen Pokphand Foods PCL 154 1,072,700 CP ALL plc 2,375 12,300 Delta Electronics Thai PCL 114 56,800 Electricity Generating PCL 338 271,000 Energy Absolute PCL (Foreign) 540 132,400 Global Power Synergy Co Ltd (Foreign) 327 447,430 Gulf Energy Development PCL 481 224,300 Home Product Center PCL (Foreign) 107

VALUE SHARES COMPANY (000) 59,300 Indorama Ventures PCL (Foreign) $ 85 419,400 Intouch Holdings PCL (Class F) 781 128,500 Kasikornbank PCL - NVDR 597 270,100 Kasikornbank PCL (Foreign) 1,264 1,626,800 Krung Thai Bank PCL (Foreign) 636 128,500 Krungthai Card PCL 326 1,692,000 Land and Houses PCL Co Reg 464 120,300 Minor International PCL (Foreign) 126 113,700 Muangthai Capital PCL 258 22,800 Osotspa PCL 26 304,400 PTT Exploration & Production PCL (Foreign) 1,111 501,000 PTT Global Chemical PCL (Foreign) 1,009 102,000 PTT Oil & Retail Business PCL 105 2,308,400 PTT PCL (Foreign) 3,033 32,800 Ratch Group PCL 54 161,100 Siam Cement PCL (Foreign) 2,061 308,200 Siam Commercial Bank PCL (Foreign) 1,101 30,000 Sri Trang Gloves Thailand PCL 39 127,900 Srisawad Corp PCL 349 281,500 Thai Oil PCL (Foreign) 549 117,900 Thai Union Group PCL 56 60,700 Total Access Communication PCL (Foreign) 64 498,700 True Corp PCL (Foreign) 54 TOTAL THAILAND 23,890

TURKEY - 0.0% 141,865 Akbank TAS 81 29,543 Aselsan Elektronik Sanayi Ve Ticaret AS 54 23,201 BIM Birlesik Magazalar AS 199 54,735 Eregli Demir ve Celik Fabrikalari TAS 101 2,665 Ford Otomotiv Sanayi AS 63 34,656 Haci Omer Sabanci Holding AS 36 36,999 KOC Holding AS 87 28,602 * Turk Hava Yollari 44 49,363 Turkcell Iletisim Hizmet AS 90 3,916,784 * Turkiye Garanti Bankasi AS 3,173 59,993 * Turkiye Is Bankasi (Series C) 35 6,395 * Turkiye Petrol Rafinerileri AS 70 303,773 Turkiye Sise ve Cam Fabrikalari AS 268 120,707 * Yapi ve Kredi Bankasi 32 TOTAL TURKEY 4,333

UNITED ARAB EMIRATES - 0.0% 121,643 * Abu Dhabi Commercial Bank PJSC 205 55,303 Abu Dhabi Islamic Bank PJSC 73 169,927 * Aldar Properties PJSC 174 70,571 Dubai Islamic Bank PJSC 88 105,484 * Emaar Malls Group PJSC 49 162,918 * Emaar Properties PJSC 158 522,504 Emirates NBD Bank PJSC 1,639 93,944 Emirates Telecommunications Group Co PJSC 553 560,617 National Bank of Abu Dhabi PJSC 2,231 5,358 *,† NMC Health plc 0^

226

VALUE SHARES COMPANY (000) UNITED KINGDOM - 4.2% 1,495,033 Ashtead Group plc $ 89,247 125,440 * Associated British Foods plc 4,168 1,466,759 AstraZeneca plc 146,395 9,086,815 Barclays plc 23,271 1,866,804 * Beazley plc 9,048 103,562 Big Yellow Group plc 1,591 1,649,999 BP plc 6,702 589,491 British American Tobacco plc 22,407 238,991 British Land Co plc 1,663 87,635 Coca-Cola European Partners plc (Class A) 4,571 262,101 * Compass Group plc 5,295 366,616 Dechra Pharmaceuticals plc 17,336 31,865 Derwent London plc 1,418 378,920 Diageo plc 15,567 1,804,801 Electrocomponents plc 24,716 787,148 Fevertree Drinks plc 23,222 305,169 GlaxoSmithKline plc 5,402 159,327 Great Portland Estates plc 1,493 279,370 Informa plc 2,157 175,260 e Land Securities Group plc 1,666 102,014 * Liberty Global plc (Class A) 2,618 24,905 * Liberty Global plc (Class C) 636 95,823 Linde plc 26,844 606,749 Linde plc (Xetra) 170,195 129,273,331 Lloyds TSB Group plc 75,835 309,673 London Stock Exchange Group plc 29,605 5,993,851 Man Group plc 13,301 42,746 Mondi plc 1,090 29,807 Next plc 3,231 1,002,118 Prudential plc 21,348 130,526 Reckitt Benckiser Group plc 11,683 699,587 RELX plc 17,552 224,439 RELX plc (London) 5,629 127,461 Safestore Holdings plc 1,398 190,735 Scottish & Southern Energy plc 3,824 206,554 Segro plc 2,669 128,584 Smith & Nephew plc 2,441 1,639,515 Standard Chartered plc 11,289 22,239,685 Tesco plc 70,216 13,694,933 * THG Holdings Ltd 117,716 5,028,907 Tritax Big Box REIT plc 12,444 4,257,889 g Tritax EuroBox plc 5,899 369,235 Unilever plc 20,602 378,949 Unilever plc 21,145 4,910,146 Vodafone Group plc 8,954 234,025 WPP plc 2,982 TOTAL UNITED KINGDOM 1,068,481

UNITED STATES - 56.2% 5,780 * 10X Genomics, Inc 1,046 58,897 3M Co 11,348 544 A.O. Smith Corp 37

VALUE SHARES COMPANY (000) 1,308,435 Abbott Laboratories $ 156,803 1,330,503 AbbVie, Inc 143,987 8,105 * Abiomed, Inc 2,583 194,798 Accenture plc 53,813 635,525 Activision Blizzard, Inc 59,104 199,595 * Adient plc 8,822 15,065 * Adobe, Inc 7,161 274 Advance Auto Parts, Inc 50 4,853 * Advanced Micro Devices, Inc 381 2,684 AES Corp 72 43,143 Aflac, Inc 2,208 37,674 Agilent Technologies, Inc 4,790 2,187 AGNC Investment Corp 37 23,898 Agree Realty Corp 1,609 82,474 Air Products & Chemicals, Inc 23,203 209 *,e Airbnb, Inc 39 657 * Akamai Technologies, Inc 67 49,009 Albemarle Corp 7,161 52,664 Alexandria Real Estate Equities, Inc 8,653 7,789 * Alexion Pharmaceuticals, Inc 1,191 31,898 * Align Technology, Inc 17,274 24,092 * Alkermes plc 450 2,819 * Alleghany Corp 1,766 252,148 * Allegheny Technologies, Inc 5,310 372 Allegion plc 47 414,129 Alliant Energy Corp 22,429 72,821 Allstate Corp 8,367 1,509 Ally Financial, Inc 68 54,651 * Alnylam Pharmaceuticals, Inc 7,716 106,062 * Alphabet, Inc (Class A) 218,755 146,615 * Alphabet, Inc (Class C) 303,292 39,757 * Altice USA, Inc 1,293 300,949 Altria Group, Inc 15,397 166,129 * Amazon.com, Inc 514,017 6,329 Amcor plc 74 40 Amerco, Inc 24 294,656 Ameren Corp 23,973 344,507 American Electric Power Co, Inc 29,180 2,762 American Express Co 391 291 American Financial Group, Inc 33 234,354 American Homes 4 Rent 7,813 487,064 American International Group, Inc 22,507 85,070 American Tower Corp 20,337 731 American Water Works Co, Inc 110 72,273 Americold Realty Trust 2,780 476 Ameriprise Financial, Inc 111 618 AmerisourceBergen Corp 73 928 Ametek, Inc 119 65,339 Amgen, Inc 16,257 2,414 Amphenol Corp (Class A) 159 1,491 Analog Devices, Inc 231 5,642 Annaly Capital Management, Inc 49 347 * Ansys, Inc 118 44,803 Anthem, Inc 16,082

VALUE SHARES COMPANY (000) 38,136 Aon plc $ 8,775 665 Apollo Global Management, Inc 31 5,042,444 d Apple, Inc 615,935 70,985 Applied Materials, Inc 9,484 138,414 * Aptiv plc 19,087 905 ARAMARK Holdings Corp 34 1,638 * Arch Capital Group Ltd 63 131,588 Archer-Daniels-Midland Co 7,501 229 * Arista Networks, Inc 69 368 * Arrow Electronics, Inc 41 776 Arthur J. Gallagher & Co 97 230 Assurant, Inc 33 1,720,678 AT&T, Inc 52,085 231,347 * Athene Holding Ltd 11,660 508 Atmos Energy Corp 50 885 * Autodesk, Inc 245 1,730 Automatic Data Processing, Inc 326 1,705 * AutoZone, Inc 2,394 324 * Avalara, Inc 43 31,718 AvalonBay Communities, Inc 5,852 289,602 * Avantor, Inc 8,378 31,185 Avery Dennison Corp 5,727 847,027 * Axalta Coating Systems Ltd 25,055 2,767 Baker Hughes Co 60 1,320 Ball Corp 112 1,036,964 Bank of America Corp 40,120 666,417 Bank of New York Mellon Corp 31,515 130,274 Baxter International, Inc 10,987 33,099 Becton Dickinson & Co 8,048 272,122 * Berkshire Hathaway, Inc (Class B) 69,519 73,477 * Berry Global Group, Inc 4,511 23,770 Best Buy Co, Inc 2,729 30,602 * Biogen, Inc 8,561 733 * BioMarin Pharmaceutical, Inc 55 29,278 * Bio-Rad Laboratories, Inc (Class A) 16,723 633 * Black Knight, Inc 47 35,627 BlackRock, Inc 26,861 130,504 Blackstone Group, Inc 9,726 398,797 * Boeing Co 101,582 5,982 * Booking Holdings, Inc 13,937 557 Booz Allen Hamilton Holding Co 45 991 BorgWarner, Inc 46 18,919 Boston Properties, Inc 1,916 2,129,342 * Boston Scientific Corp 82,299 461,493 Bristol-Myers Squibb Co 29,134 376,919 Broadcom, Inc 174,762 467 Broadridge Financial Solutions, Inc 71 974 Brown & Brown, Inc 45 1,248 Brown-Forman Corp (Class B) 86 97,623 Bunge Ltd 7,739 54,231 * Burlington Stores, Inc 16,204 18 Cable One, Inc 33 340,070 Cabot Oil & Gas Corp 6,387 1,126 * Cadence Design Systems, Inc 154

VALUE SHARES COMPANY (000) 475 Camden Property Trust $ 52 726 Campbell Soup Co 36 203,711 Capital One Financial Corp 25,918 1,184 Cardinal Health, Inc 72 685 Carlyle Group, Inc 25 662 * CarMax, Inc 88 68,333 * Carnival Corp 1,814 1,373,086 Carrier Global Corp 57,972 256 * Carvana Co 67 90,037 * Catalent, Inc 9,482 437,688 Caterpillar, Inc 101,487 436 CBOE Global Markets, Inc 43 1,354 * CBRE Group, Inc 107 577 CDW Corp 96 7,141 Celanese Corp (Series A) 1,070 218,889 * Centene Corp 13,989 1,552,369 Centerpoint Energy, Inc 35,161 536 * Ceridian HCM Holding, Inc 45 44,194 Cerner Corp 3,177 204,829 CF Industries Holdings, Inc 9,295 549 CH Robinson Worldwide, Inc 52 467,724 Charles Schwab Corp 30,486 37,354 * Charter Communications, Inc 23,048 54,160 * Cheniere Energy, Inc 3,900 552,229 Chevron Corp 57,868 329 *,e Chewy, Inc 28 4,052 * Chipotle Mexican Grill, Inc (Class A) 5,757 253,439 Chubb Ltd 40,036 1,003 Church & Dwight Co, Inc 88 129,786 Cigna Corp 31,374 617 Cincinnati Financial Corp 64 359 Cintas Corp 123 4,483,755 Cisco Systems, Inc 231,855 1,926,022 Citigroup, Inc 140,118 536,726 Citizens Financial Group, Inc 23,696 472 Citrix Systems, Inc 66 23,269 Clorox Co 4,488 802 * Cloudflare, Inc 56 67,999 CME Group, Inc 13,887 328,659 CMS Energy Corp 20,120 3,128,450 Coca-Cola Co 164,901 705 Cognex Corp 59 2,157 Cognizant Technology Solutions Corp (Class A) 169 185,130 Colgate-Palmolive Co 14,594 1,952,459 Comcast Corp (Class A) 105,648 4,843,044 * CommScope Holding Co, Inc 74,389 220,495 ConAgra Brands, Inc 8,291 424,630 ConocoPhillips 22,493 1,351 Consolidated Edison, Inc 101 57,289 Constellation Brands, Inc (Class A) 13,062 46,305 Cooper Cos, Inc 17,785 858 * Copart, Inc 93 3,083 Corning, Inc 134 127,838 Corteva, Inc 5,960

VALUE SHARES COMPANY (000) 159 * CoStar Group, Inc $ 131 410,077 Costco Wholesale Corp 144,544 9,683 * Coty, Inc 87 278 * Coupa Software, Inc 71 707 * Crowdstrike Holdings, Inc 129 173,821 Crown Castle International Corp 29,920 560,098 Crown Holdings, Inc 54,352 320,933 CSX Corp 30,944 13,562 Cummins, Inc 3,514 400,223 CVS Health Corp 30,109 32,604 CyrusOne, Inc 2,208 203,803 Danaher Corp 45,872 32,089 Darden Restaurants, Inc 4,557 100,249 * Darling International, Inc 7,376 714 * Datadog, Inc 59 308 * DaVita, Inc 33 149,910 Deere & Co 56,087 999 * Dell Technologies, Inc 88 196,364 * Delta Air Lines, Inc 9,480 882 Dentsply Sirona, Inc 56 584,509 Devon Energy Corp 12,772 44,912 * DexCom, Inc 16,141 684,532 Diamondback Energy, Inc 50,306 33,735 Digital Realty Trust, Inc 4,751 333,635 Discover Financial Services 31,692 591 *,e Discovery, Inc (Class A) 26 1,247 * Discovery, Inc (Class C) 46 54,139 * DISH Network Corp (Class A) 1,960 710 * DocuSign, Inc 144 39,968 Dollar General Corp 8,098 63,011 * Dollar Tree, Inc 7,212 55,043 Dominion Energy, Inc 4,181 159 Domino’s Pizza, Inc 58 582 Dover Corp 80 1,226,046 Dow, Inc 78,393 1,397 DR Horton, Inc 124 715 * DraftKings, Inc 44 1,239 * Dropbox, Inc 33 781 DTE Energy Co 104 181,835 Duke Energy Corp 17,553 42,811 Duke Realty Corp 1,795 35,635 DuPont de Nemours, Inc 2,754 724 * Dynatrace, Inc 35 33,192 Eastman Chemical Co 3,655 420,496 Eaton Corp 58,146 170,350 eBay, Inc 10,432 30,431 Ecolab, Inc 6,514 90,852 Edison International 5,324 54,133 * Edwards Lifesciences Corp 4,528 31,123 * Elanco Animal Health, Inc 917 1,171 Electronic Arts, Inc 159 191,273 Eli Lilly & Co 35,734 2,413 Emerson Electric Co 218 484 * Enphase Energy, Inc 78

VALUE SHARES COMPANY (000) 186,420 Entergy Corp $ 18,543 157,610 * Envista Holdings Corp 6,430 197,276 EOG Resources, Inc 14,308 226 * EPAM Systems, Inc 90 491 Equifax, Inc 89 9,145 Equinix, Inc 6,215 1,095,837 Equitable Holdings, Inc 35,746 127,358 Equity Lifestyle Properties, Inc 8,105 66,711 Equity Residential 4,779 106 Erie Indemnity Co (Class A) 23 939 Essential Utilities Inc 42 8,229 Essex Property Trust, Inc 2,237 77,764 Estee Lauder Cos (Class A) 22,618 8,400 * Etsy, Inc 1,694 161 Everest Re Group Ltd 40 915 Evergy, Inc 54 1,383 Eversource Energy 120 28,837 * Exact Sciences Corp 3,800 239,174 Exelon Corp 10,461 26,355 * Expedia Group, Inc 4,536 683 Expeditors International of Washington, Inc 74 24,420 Extra Space Storage, Inc 3,237 2,886,323 Exxon Mobil Corp 161,143 249 * F5 Networks, Inc 52 709,842 * Facebook, Inc 209,070 153 Factset Research Systems, Inc 47 117 * Fair Isaac Corp 57 2,317 Fastenal Co 116 11,811 FedEx Corp 3,355 1,130 Fidelity National Financial Inc 46 2,504 Fidelity National Information Services, Inc 352 780,619 Fifth Third Bancorp 29,234 101,118 First Republic Bank 16,861 131,672 FirstEnergy Corp 4,568 2,300 * Fiserv, Inc 274 337 * FleetCor Technologies, Inc 91 524 FMC Corp 58 15,768 * Ford Motor Co 193 557 * Fortinet, Inc 103 279,808 Fortive Corp 19,766 561 Fortune Brands Home & Security, Inc 54 1,362 Fox Corp (Class A) 49 595 Fox Corp (Class B) 21 1,198 Franklin Resources, Inc 35 5,306,329 * Freeport-McMoRan, Inc (Class B) 174,737 73,239 Gaming and Leisure Properties, Inc 3,108 579 Garmin Ltd 76 360 * Gartner, Inc 66 254 * Generac Holdings, Inc 83 984 General Dynamics Corp 179 35,349 General Electric Co 464 60,752 General Mills, Inc 3,725 18,106,794 *,†,e,q General Motors Co 0 1,210,023 * General Motors Co 69,528

VALUE SHARES COMPANY (000) 582 Genuine Parts Co $ 67 297,319 Gilead Sciences, Inc 19,216 276,062 Global Payments, Inc 55,649 485 Globe Life, Inc 47 678 * GoDaddy, Inc 53 404,961 Goldman Sachs Group, Inc 132,422 56,670 * Guardant Health, Inc 8,651 330 * Guidewire Software, Inc 34 518,621 Halliburton Co 11,130 328,450 Hartford Financial Services Group, Inc 21,937 525 Hasbro, Inc 50 56,622 HCA Healthcare, Inc 10,664 41,310 Healthcare Trust of America, Inc 1,139 126,333 Healthpeak Properties Inc 4,010 211 HEICO Corp 27 284 HEICO Corp (Class A) 32 576 * Henry Schein, Inc 40 595 Hershey Co 94 168,175 Hess Corp 11,900 5,191 Hewlett Packard Enterprise Co 82 1,120 * Hilton Worldwide Holdings, Inc 135 108,321 * Hologic, Inc 8,057 704,515 Home Depot, Inc 215,053 783,388 Honeywell International, Inc 170,050 68,394 * Horizon Therapeutics Plc 6,295 1,198 Hormel Foods Corp 57 130,307 * Host Hotels and Resorts, Inc 2,196 1,575 * Howmet Aerospace, Inc 51 5,542 HP, Inc 176 170,601 Hubbell, Inc 31,884 176 * HubSpot, Inc 80 30,893 Humana, Inc 12,952 4,105 Huntington Bancshares, Inc 65 156 Huntington Ingalls 32 321 * IAC/InterActive Corp 69 305 IDEX Corp 64 29,193 * IDEXX Laboratories, Inc 14,284 26,042 IHS Markit Ltd 2,520 35,852 Illinois Tool Works, Inc 7,942 61,609 * Illumina, Inc 23,662 751 * Incyte Corp 61 517,475 * Ingersoll Rand, Inc 25,465 7,984 * Insulet Corp 2,083 5,467,419 Intel Corp 349,915 85,021 Intercontinental Exchange Group, Inc 9,495 3,596 International Business Machines Corp 479 966,358 International Flavors & Fragrances, Inc 134,913 45,091 International Paper Co 2,438 174,044 Interpublic Group of Cos, Inc 5,082 151,538 Intuit, Inc 58,048 27,827 * Intuitive Surgical, Inc 20,562 1,579 Invesco Ltd 40 161,360 Invitation Homes, Inc 5,162 104,582 * Ionis Pharmaceuticals, Inc 4,702

VALUE SHARES COMPANY (000) 142 * IPG Photonics Corp $ 30 93,492 * IQVIA Holdings, Inc 18,057 1,168 Iron Mountain, Inc 43 409,126 e iShares MSCI Canada Index Fund 13,931 96,709 e iShares MSCI South Korea Index Fund 8,675 460 J.M. Smucker Co 58 308 Jack Henry & Associates, Inc 47 523 Jacobs Engineering Group, Inc 68 36,512 * Jazz Pharmaceuticals plc 6,001 4,706 JB Hunt Transport Services, Inc 791 205,700 JBS S.A. 1,107 646,773 Johnson & Johnson 106,297 2,921 Johnson Controls International plc 174 2,174,524 JPMorgan Chase & Co 331,028 1,607 Juniper Networks, Inc 41 86,199 Kansas City Southern 22,750 1,040 Kellogg Co 66 1,636,485 Keurig Dr Pepper, Inc 56,246 3,940 Keycorp 79 748 * Keysight Technologies, Inc 107 15,932 Kilroy Realty Corp 1,046 79,202 Kimberly-Clark Corp 11,013 8,222 Kinder Morgan, Inc 137 31,730 KKR & Co, Inc 1,550 113,826 KLA Corp 37,608 511 Knight-Swift Transportation Holdings, Inc 25 2,713 Kraft Heinz Co 109 185,133 Kroger Co 6,663 848 L3Harris Technologies, Inc 172 25,021 * Laboratory Corp of America Holdings 6,381 581 Lam Research Corp 346 591 Lamb Weston Holdings, Inc 46 819,667 * Las Vegas Sands Corp 49,803 230 Lear Corp 42 546 Leidos Holdings, Inc 53 1,110 Lennar Corp (Class A) 112 139 Lennox International, Inc 43 102 * Liberty Broadband Corp (Class A) 15 642 * Liberty Broadband Corp (Class C) 96 806 * Liberty Media Group (Class C) 35 361 * Liberty SiriusXM Group (Class A) 16 661 * Liberty SiriusXM Group (Class C) 29 780 Lincoln National Corp 49 657 * Live Nation, Inc 56 1,167 * LKQ Corp 49 1,016 Lockheed Martin Corp 375 998 Loews Corp 51 245,388 Lowe’s Companies, Inc 46,668 117,201 * Lululemon Athletica, Inc 35,947 3,763 Lumen Technologies, Inc 50 46,061 LyondellBasell Industries NV 4,793 518 M&T Bank Corp 79 273,094 Marathon Petroleum Corp 14,608 56 * Markel Corp 64

VALUE SHARES COMPANY (000) 153 MarketAxess Holdings, Inc $ 76 16,894 * Marriott International, Inc (Class A) 2,502 101,837 Marsh & McLennan Cos, Inc 12,404 251 Martin Marietta Materials, Inc 84 2,704 Marvell Technology Group Ltd 132 1,056 Masco Corp 63 31,234 * Masimo Corp 7,173 602,067 Mastercard, Inc (Class A) 214,366 898,573 * Match Group, Inc 123,446 1,079 Maxim Integrated Products, Inc 99 1,004 McCormick & Co, Inc 90 714,434 McDonald’s Corp 160,133 65,331 McKesson Corp 12,742 2,314 Medical Properties Trust, Inc 49 1,365,682 Medtronic plc 161,328 672,421 Merck & Co, Inc 51,837 39,440 Metlife, Inc 2,398 596 * Mettler-Toledo International, Inc 689 61,089 MGM Growth Properties LLC 1,993 1,894 MGM Resorts International 72 1,051 Microchip Technology, Inc 163 599,331 * Micron Technology, Inc 52,867 3,046,325 Microsoft Corp 718,232 19,580 Mid-America Apartment Communities, Inc 2,827 1,118 * Moderna, Inc 146 245 * Mohawk Industries, Inc 47 239 * Molina Healthcare, Inc 56 771 * Molson Coors Brewing Co (Class B) 39 622,446 Mondelez International, Inc 36,432 214 * MongoDB, Inc 57 173 Monolithic Power Systems, Inc 61 1,040,207 * Monster Beverage Corp 94,752 6,075 Moody’s Corp 1,814 2,708,305 Morgan Stanley 210,327 1,459 Mosaic Co 46 684 Motorola Solutions, Inc 129 3,031 MSCI, Inc (Class A) 1,271 463 Nasdaq Inc 68 52,173 National Storage Affiliates Trust 2,083 896 NetApp, Inc 65 89,663 * Netflix, Inc 46,774 352 * Neurocrine Biosciences, Inc 34 35,094 * Nevro Corp 4,896 1,633 Newell Brands Inc 44 237,749 Newmont Goldcorp Corp 14,329 1,577 News Corp (Class A) 40 504,089 NextEra Energy, Inc 38,114 1,134,695 Nike, Inc (Class B) 150,790 1,531 NiSource, Inc 37 222 Nordson Corp 44 1,025 Norfolk Southern Corp 275 798 Northern Trust Corp 84 140,541 Northrop Grumman Corp 45,485 2,269 NortonLifelock, Inc 48

VALUE SHARES COMPANY (000) 350 * Novocure Ltd $ 46 62,043 NRG Energy, Inc 2,341 124,590 Nucor Corp 10,001 16,571 NVIDIA Corp 8,848 14 * NVR, Inc 66 289,971 Occidental Petroleum Corp 7,719 594 OGE Energy Corp 19 484 * Okta, Inc 107 379 Old Dominion Freight Line 91 891 Omega Healthcare Investors, Inc 33 867 Omnicom Group, Inc 64 1,180,714 * ON Semiconductor Corp 49,130 103,518 ONEOK, Inc 5,244 7,897 Oracle Corp 554 4,555 * O’Reilly Automotive, Inc 2,311 84,612 Otis Worldwide Corp 5,792 148,082 Owens Corning, Inc 13,637 1,398 PACCAR, Inc 130 15,622 Packaging Corp of America 2,101 1,148,704 Pactiv Evergreen, Inc 15,783 384 * Palo Alto Networks, Inc 124 167,076 Parker-Hannifin Corp 52,701 1,306 Paychex, Inc 128 201 * Paycom Software, Inc 74 930,435 * PayPal Holdings, Inc 225,947 361,055 * Peloton Interactive, Inc 40,597 671 Pentair plc 42 306,158 PepsiCo, Inc 43,306 59,183 * Performance Food Group Co 3,410 452 PerkinElmer, Inc 58 173,471 *,e Petco Health & Wellness Co, Inc 3,844 967,135 Pfizer, Inc 35,039 366,337 * PG&E Corp 4,290 264,306 Philip Morris International, Inc 23,455 128,667 Phillips 66 10,492 449 Pinnacle West Capital Corp 37 29,679 * Pinterest, Inc 2,197 141,651 Pioneer Natural Resources Co 22,497 1,889 * Plug Power, Inc 68 1,710 PNC Financial Services Group, Inc 300 162 Pool Corp 56 487 * PPD, Inc 18 147,834 PPG Industries, Inc 22,214 3,102 PPL Corp 89 1,109 Principal Financial Group 66 1,523,836 Procter & Gamble Co 206,373 220,041 Progressive Corp 21,038 213,604 Prologis, Inc 22,642 100,314 Prudential Financial, Inc 9,139 447 * PTC, Inc 62 2,041 Public Service Enterprise Group, Inc 123 29,810 Public Storage, Inc 7,356 1,082 Pulte Homes, Inc 57 460 * Qorvo, Inc 84

VALUE SHARES COMPANY (000) 49,276 e QTS Realty Trust, Inc $ 3,057 4,564 QUALCOMM, Inc 605 79,100 Quest Diagnostics, Inc 10,152 497 Raymond James Financial, Inc 61 543,039 Raytheon Technologies Corp 41,961 42,726 Realty Income Corp 2,713 114,718 Regency Centers Corp 6,506 8,423 * Regeneron Pharmaceuticals, Inc 3,985 3,876 Regions Financial Corp 80 268 Reinsurance Group of America, Inc (Class A) 34 900 Republic Services, Inc 89 7,072 Resmed, Inc 1,372 312,302 Rexford Industrial Realty, Inc 15,740 304 * RingCentral, Inc 91 452 Robert Half International, Inc 35 66,785 Rockwell Automation, Inc 17,727 8,331 * Roku, Inc 2,714 844 Rollins, Inc 29 62,173 Roper Technologies Inc 25,077 33,920 Ross Stores, Inc 4,067 34,895 * Royal Caribbean Cruises Ltd 2,987 663 e Royalty Pharma plc 29 88,591 RPM International, Inc 8,137 58,704 S&P Global, Inc 20,715 110,849 Sabra Healthcare REIT, Inc 1,924 1,134,781 * salesforce.com, Inc 240,426 321 * Sarepta Therapeutics, Inc 24 17,478 SBA Communications Corp 4,851 391,919 Schlumberger Ltd 10,656 933 e Seagate Technology, Inc 72 487,807 * Seagen, Inc 67,737 545 Sealed Air Corp 25 460 SEI Investments Co 28 69,697 Sempra Energy 9,240 767 * Sensata Technologies Holding plc 44 175,150 * ServiceNow, Inc 87,594 14,217 Sherwin-Williams Co 10,492 605,076 Simon Property Group, Inc 68,839 3,892 e Sirius XM Holdings, Inc 24 670 Skyworks Solutions, Inc 123 4,007 e SL Green Realty Corp 280 1,852 * Slack Technologies, Inc 75 3,737 * Snap, Inc 195 207 Snap-On, Inc 48 111 * Snowflake, Inc 25 207 * SolarEdge Technologies, Inc 59 4,262 Southern Co 265 588 * Southwest Airlines Co 36 647 * Splunk, Inc 88 1,549 * Square, Inc 352 930 SS&C Technologies Holdings, Inc 65 15,066 Stanley Black & Decker, Inc 3,008 235,314 Starbucks Corp 25,713 22,883 State Street Corp 1,922

VALUE SHARES COMPANY (000) 229,698 Steel Dynamics, Inc $ 11,659 344 STERIS plc 66 113,171 Stryker Corp 27,566 62,292 Sun Communities, Inc 9,346 351 * Sunrun, Inc 21 209 * SVB Financial Group 103 375,774 Synchrony Financial 15,279 612 * Synopsys, Inc 152 53,361 SYSCO Corp 4,202 914 T Rowe Price Group, Inc 157 538,722 * Take-Two Interactive Software, Inc 95,192 627,475 Target Corp 124,284 218,553 TE Connectivity Ltd 28,217 25,608 *,e Teladoc, Inc 4,654 149 * Teledyne Technologies, Inc 62 16,332 Teleflex, Inc 6,785 670 Teradyne, Inc 82 41,310 Terreno Realty Corp 2,386 256,413 * Tesla, Inc 171,266 3,704 Texas Instruments, Inc 700 282,694 Textron, Inc 15,853 119,347 Thermo Fisher Scientific, Inc 54,468 270,262 TJX Companies, Inc 17,878 316,685 * T-Mobile US, Inc 39,677 470 Tractor Supply Co 83 169 * Trade Desk, Inc 110 336 Tradeweb Markets, Inc 25 455,818 Trane Technologies plc 75,465 209 * TransDigm Group, Inc 123 768 TransUnion 69 1,022 Travelers Cos, Inc 154 1,010 * Trimble Inc 79 434,696 Tronox Holdings plc 7,955 5,440 Truist Financial Corp 317 566 * Twilio, Inc 193 3,209 * Twitter, Inc 204 163 * Tyler Technologies, Inc 69 26,135 Tyson Foods, Inc (Class A) 1,942 871,825 * Uber Technologies, Inc 47,523 1,188 UDR, Inc 52 823 UGI Corp 34 19,709 * Ulta Beauty, Inc 6,093 927,877 Union Pacific Corp 204,513 104,154 United Parcel Service, Inc (Class B) 17,705 161,546 * United Rentals, Inc 53,199 480,439 UnitedHealth Group, Inc 178,757 314 Universal Health Services, Inc (Class B) 42 753,483 US Bancorp 41,675 5,205 * Vail Resorts, Inc 1,518 161,973 Valero Energy Corp 11,597 1,071,095 e Vanguard Emerging Markets ETF 55,750 50,000 Vanguard FTSE Developed Markets ETF 2,455 369 * Varian Medical Systems, Inc 65 45,509 * Veeva Systems, Inc 11,889

VALUE SHARES COMPANY (000) 110,155 Ventas, Inc $ 5,876 856 VEREIT, Inc 33 414 * VeriSign, Inc 82 623 Verisk Analytics, Inc 110 896,058 Verizon Communications, Inc 52,106 22,850 * Vertex Pharmaceuticals, Inc 4,910 29,876 VF Corp 2,388 91,207 ViacomCBS, Inc (Class B) 4,113 12,630 * Viatris, Inc 176 121,432 e VICI Properties, Inc 3,429 907,374 Visa, Inc (Class A) 192,118 85,076 Vistra Energy Corp 1,504 343 * VMware, Inc (Class A) 52 611 Vornado Realty Trust 28 479,640 Voya Financial, Inc 30,524 8,907 Vulcan Materials Co 1,503 574 W.R. Berkley Corp 43 97,675 W.W. Grainger, Inc 39,161 730 Wabtec Corp 58 2,970 Walgreens Boots Alliance, Inc 163 1,075,657 Walmart, Inc 146,107 1,259,242 * Walt Disney Co 232,355 1,061 Waste Connections, Inc 115 1,705 Waste Management, Inc 220 250 * Waters Corp 71 279 *,e Wayfair, Inc 88 1,273 WEC Energy Group, Inc 119 463,772 Wells Fargo & Co 18,120 58,926 Welltower, Inc 4,221 55,496 West Pharmaceutical Services, Inc 15,638 1,228 Western Digital Corp 82 1,661 Western Union Co 41 1,060 WestRock Co 55 80,559 Weyerhaeuser Co 2,868 36,744 Whirlpool Corp 8,097 295,736 Williams Cos, Inc 7,006 8,263 Willis Towers Watson plc 1,891 726 * Workday, Inc 180 708 WP Carey, Inc 50 905,381 * Wynn Resorts Ltd 113,508 73,586 Xcel Energy, Inc 4,894 989 Xilinx, Inc 123 369 * XPO Logistics, Inc 45 727 Xylem, Inc 76 296,451 * YETI Holdings, Inc 21,407 105,858 Yum! Brands, Inc 11,452 215 * Zebra Technologies Corp (Class A) 104 471 * Zendesk, Inc 62 234 * Zillow Group, Inc (Class A) 31 602 * Zillow Group, Inc (Class C) 78 107,224 Zimmer Biomet Holdings, Inc 17,164 107,121 Zoetis, Inc 16,869 786 * Zoom Video Communications, Inc 253 298 * Zscaler, Inc 51

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VALUE SHARES COMPANY (000) VIETNAM - 0.0% 148,200 Saigon Beer Alcohol Beverage Corp $ 1,158 TOTAL VIETNAM 1,158

ZAMBIA - 0.1% 697,460 First Quantum Minerals Ltd 13,292 TOTAL ZAMBIA 13,292

TOTAL COMMON STOCKS 24,979,134 (Cost $19,125,822)

RIGHTS / WARRANTS - 0.0%

AUSTRALIA - 0.0% 89,428 e PointsBet Holdings Ltd 266 TOTAL AUSTRALIA 266

CHILE - 0.0% 4,180 Sociedad Quimica y Minera de Chile S.A. 17 TOTAL CHILE 17

GERMANY - 0.0% 649,722 Paion AG. 16 TOTAL GERMANY 16

SWITZERLAND - 0.0% 177,738 Cie Financiere Richemont S.A. 68 TOTAL SWITZERLAND 68

THAILAND - 0.0% 3,000 Srisawad Corp PCL 2 TOTAL THAILAND 2

TOTAL RIGHTS / WARRANTS 369 (Cost $2)

MATURITY PRINCIPAL ISSUER RATE DATE SHORT-TERM INVESTMENTS - 2.6%

GOVERNMENT AGENCY DEBT - 1.7% $ 6,491,000 Federal Farm Credit Bank (FFCB) 0.010% 04/01/21 6,491 25,000,000 FFCB 0.040 04/13/21 25,000 5,000,000 FFCB 0.010 04/23/21 5,000 10,000,000 FFCB 0.040 04/30/21 10,000 7,753,000 Federal Home Loan Bank (FHLB) 0.005 04/07/21 7,753 11,307,000 FHLB 0.025-0.085 04/08/21 11,307 40,000,000 FHLB 0.035-0.085 04/09/21 40,000 23,000,000 FHLB 0.030-0.039 04/14/21 23,000 35,874,000 FHLB 0.010 04/16/21 35,874 25,500,000 FHLB 0.020-0.035 04/21/21 25,500

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) 33,708,000 FHLB 0.010%-0.030% 04/23/21 $ 33,708 26,640,000 FHLB 0.010 04/26/21 26,640 313,000 FHLB 0.005 05/05/21 313 6,505,000 FHLB 0.010 05/12/21 6,505 20,000,000 FHLB 0.012 05/19/21 20,000 40,000,000 FHLB 0.035 05/20/21 39,999 37,974,000 FHLB 0.100 06/16/21 37,972 12,200,000 FHLB 0.075 07/07/21 12,199 14,977,000 FHLB 0.087 07/09/21 14,976 11,000,000 FHLB 0.045-0.054 08/13/21 10,999 27,500,000 FHLB 0.055 09/01/21 27,495 7,080,000 Tennessee Valley Authority (TVA) 0.022 04/07/21 7,080 TOTAL GOVERNMENT AGENCY DEBT 427,811

TREASURY DEBT - 0.4% 30,690,000 United States Treasury Bill 0.037 04/15/21 30,690 25,000,000 United States Treasury Bill 0.095 04/29/21 25,000 10,000,000 United States Treasury Bill 0.010 05/13/21 10,000 33,170,000 United States Treasury Bill 0.042 05/27/21 33,169 TOTAL TREASURY DEBT 98,859

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 0.5%

COMMERCIAL PAPER - 0.1% 7,000,000 BNP Paribas 0.000 08/30/21 6,995 5,000,000 Credit Agricole 0.000 08/25/21 4,997 5,000,000 Lloyds Bank plc 0.000 07/27/21 4,998 TOTAL COMMERCIAL PAPER 16,990

REPURCHASE AGREEMENT - 0.4% 13,000,000 r Citigroup 0.010 04/01/21 13,000 10,000,000 s Deutsche Bank 0.003 04/01/21 10,000 10,000,000 t Goldman Sachs 0.005 04/01/21 10,000 4,000,000 u JP Morgan Securities LLC 0.005 04/01/21 4,000 25,000,000 v Merrill Lynch 0.010 04/01/21 25,000 15,000,000 w Nomura 0.005 04/01/21 15,000 20,000,000 x Royal Bank of Scotland 0.005 04/01/21 20,000 15,000,000 y Societe Generale 0.010 04/01/21 15,000 TOTAL REPURCHASE AGREEMENT 112,000

TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED 128,990

TOTAL SHORT-TERM INVESTMENTS 655,660 (Cost $655,639) TOTAL INVESTMENTS - 100.3% 25,635,163 (Cost $19,781,463) OTHER ASSETS & LIABILITIES, NET - (0.3)% (72,294) NET ASSETS - 100.0% $25,562,869

Abbreviation(s): ADR American Depositary Receipt ETF Exchange Traded Fund GDR Global Depositary Receipt

241

* Non-income producing ^ Amount represents less than $1,000. † Security is categorized as Level 3 in the fair value hierarchy. d All or a portion of these securities have been segregated to cover margin requirements on open futures contracts. e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $191,762,460. g Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $402,591,282 or 1.6% of net assets. q In default. r Agreement with Citigroup, 0.010% dated 3/31/2021 to be repurchased at $13,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $13,260,053. s Agreement with Deutsche Bank, 0.003% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $10,200,021. t Agreement with Goldman Sachs, 0.005% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $10,200,000. u Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $4,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $4,080,000. v Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $25,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $25,500,000. w Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $15,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $15,300,000. x Agreement with Royal Bank of Scotland, 0.005% dated 3/31/2021 to be repurchased at $20,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $20,400,008. y Agreement with Societe Generale, 0.010% dated 3/31/2021 to be repurchased at $15,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $15,300,000.

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Number of long Unrealized (short) appreciation Description contracts Expiration date Notional amount Value (depreciation) MSCI EAFE Index 1,180 06/18/21 $ 129,626 $ 129,328 $ (298) S&P 500 E Mini Index 1,445 06/18/21 281,297 286,645 5,348 Total 2,625 $ 410,923 $ 415,973 $ 5,050

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COLLEGE RETIREMENT EQUITIES FUND GLOBAL EQUITIES ACCOUNT SUMMARY OF MARKET VALUES BY SECTOR (unaudited) March 31, 2021

VALUE % OF SECTOR (000) ASSETS INFORMATION TECHNOLOGY $ 5,463,009 21.4% CONSUMER DISCRETIONARY 3,493,780 13.7 FINANCIALS 3,353,973 13.1 HEALTH CARE 2,700,416 10.6 INDUSTRIALS 2,652,854 10.4 COMMUNICATION SERVICES 2,401,828 9.4 CONSUMER STAPLES 1,706,566 6.7 MATERIALS 1,490,892 5.8 ENERGY 676,236 2.6 UTILITIES 593,149 2.3 REAL ESTATE 446,800 1.7 SHORT-TERM INVESTMENTS 655,660 2.6 OTHER ASSETS & LIABILITES, NET (72,294) (0.3) NET ASSETS $ 25,562,869 100.0%

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COLLEGE RETIREMENT EQUITIES FUND GROWTH ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

VALUE SHARES COMPANY (000) COMMON STOCKS - 99.7%

AUTOMOBILES & COMPONENTS - 2.3% 32,212 BorgWarner, Inc $ 1,493 1,530,403 * General Motors Co 87,937 1,084,365 * Tesla, Inc 724,280 TOTAL AUTOMOBILES & COMPONENTS 813,710

BANKS - 0.0% 37,347 e Rocket Cos, Inc 862 TOTAL BANKS 862

CAPITAL GOODS - 1.8% 366,955 3M Co 70,705 59,127 Allegion plc 7,428 60,848 Allison Transmission Holdings, Inc 2,484 17,605 Armstrong World Industries, Inc 1,586 4,423 * Array Technologies, Inc 132 60,962 * Axon Enterprise, Inc 8,682 6,832 * AZEK Co, Inc 287 53,968 BWX Technologies, Inc 3,559 310,817 Carrier Global Corp 13,123 12,306 e Donaldson Co, Inc 716 458,367 Fastenal Co 23,047 54,219 * Generac Holdings, Inc 17,754 80,748 Graco, Inc 5,783 37,680 HEICO Corp 4,740 64,940 HEICO Corp (Class A) 7,377 3,620 Huntington Ingalls 745 137,612 Illinois Tool Works, Inc 30,484 1,108,252 * Liberty Media Acquisition Corp 11,869 24,601 Lincoln Electric Holdings, Inc 3,024 244,949 Lockheed Martin Corp 90,509 37,166 * Mercury Systems, Inc 2,626 45,555 Nordson Corp 9,051 140,817 Northrop Grumman Corp 45,574 27,736 Quanta Services, Inc 2,440 56,111 Rockwell Automation, Inc 14,894 524,649 Roper Technologies Inc 211,612 7,027 * Shoals Technologies Group, Inc 244 93,054 Toro Co 9,598 12,083 * TransDigm Group, Inc 7,104 114,539 * Trex Co, Inc 10,485 234,554 Vertiv Holdings Co 4,691 55,727 *,e Virgin Galactic Holdings, Inc 1,707 31,706 W.W. Grainger, Inc 12,712 TOTAL CAPITAL GOODS 636,772

VALUE SHARES COMPANY (000) COMMERCIAL & PROFESSIONAL SERVICES - 1.8% 132,982 Booz Allen Hamilton Holding Co $ 10,709 4,061 * CACI International, Inc (Class A) 1,002 503,047 * Cimpress plc 50,370 77,988 Cintas Corp 26,618 3,115,549 * Clarivate Analytics plc 82,219 201,001 * Copart, Inc 21,831 3,910 CoreLogic Inc 310 38,869 * CoStar Group, Inc 31,946 694,551 * Driven Brands Holdings, Inc 17,655 67,674 * Dun & Bradstreet Holdings, Inc 1,611 90,058 Equifax, Inc 16,312 3,570,018 Experian Group Ltd 122,991 32,835 * IAA, Inc 1,810 213,066 IHS Markit Ltd 20,621 14,484 Leidos Holdings, Inc 1,394 8,017 MSA Safety, Inc 1,203 189,124 Rollins, Inc 6,510 7,184 Science Applications International Corp 600 174,578 TransUnion 15,712 157,121 Verisk Analytics, Inc 27,762 1,659,665 Waste Connections, Inc 179,211 49,441 Waste Management, Inc 6,379 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 644,776

CONSUMER DURABLES & APPAREL - 1.6% 486,945 Essilor International S.A. 79,327 112,037 * Lululemon Athletica, Inc 34,363 206,827 * Mattel, Inc 4,120 2,290,389 Nike, Inc (Class B) 304,370 340 * NVR, Inc 1,602 835,771 * Peloton Interactive, Inc 93,974 6,195 Polaris Inc 827 9,814,500 Prada S.p.A 61,389 142,920 Tempur Sealy International, Inc 5,225 19,490 VF Corp 1,558 TOTAL CONSUMER DURABLES & APPAREL 586,755

CONSUMER SERVICES - 3.3% 94,610 *,e Airbnb, Inc 17,781 168,472 * Booking Holdings, Inc 392,513 43,314 * Bright Horizons Family Solutions 7,426 7,164,332 * Carnival Corp 190,141 130,232 * Chegg, Inc 11,156 135,618 * Chipotle Mexican Grill, Inc (Class A) 192,689 39,029 Domino’s Pizza, Inc 14,354 660,162 * Flutter Entertainment plc 141,044 13,582 * frontdoor, Inc 730 108,476 H&R Block, Inc 2,365 1,748,525 * Las Vegas Sands Corp 106,240 105,229 McDonald’s Corp 23,586 46,398 * Planet Fitness, Inc 3,587 667,627 Starbucks Corp 72,952 3,066 * Vail Resorts, Inc 894

VALUE SHARES COMPANY (000) 157,955 Wendy’s $ 3,200 24,094 * Wynn Resorts Ltd 3,021 28,178 Yum China Holdings, Inc 1,668 21,387 Yum! Brands, Inc 2,314 TOTAL CONSUMER SERVICES 1,187,661

DIVERSIFIED FINANCIALS - 2.1% 76,640 Apollo Global Management, Inc 3,603 90,182 Ares Management Corp 5,053 11,397 Carlyle Group, Inc 419 24,039 CBOE Global Markets, Inc 2,372 681 *,e Credit Acceptance Corp 245 36,201 Factset Research Systems, Inc 11,171 192,119 Intercontinental Exchange Group, Inc 21,456 1,509,500 iShares Russell 1000 Growth Index Fund 366,869 10,193 *,e LendingTree, Inc 2,171 6,451 LPL Financial Holdings, Inc 917 36,098 MarketAxess Holdings, Inc 17,974 160,271 Moody’s Corp 47,858 18,666 Morningstar, Inc 4,200 79,486 MSCI, Inc (Class A) 33,327 1,191,512 * Ribbit LEAP Ltd 13,107 520,296 S&P Global, Inc 183,597 81,955 SLM Corp 1,473 56,800 T Rowe Price Group, Inc 9,747 66,845 Tradeweb Markets, Inc 4,946 2,853 *,e Upstart Holdings, Inc 368 57,638 Virtu Financial, Inc 1,790 TOTAL DIVERSIFIED FINANCIALS 732,663

ENERGY - 0.0% 229,840 * Cheniere Energy, Inc 16,551 40,987 Equitrans Midstream Corp 334 TOTAL ENERGY 16,885

FOOD & STAPLES RETAILING - 1.4% 57,144 e Albertsons Cos, Inc 1,090 1,333,087 Costco Wholesale Corp 469,886 39,003 * Grocery Outlet Holding Corp 1,439 99,092 * Sprouts Farmers Market, Inc 2,638 343,584 SYSCO Corp 27,054 TOTAL FOOD & STAPLES RETAILING 502,107

FOOD, BEVERAGE & TOBACCO - 2.3% 802,821 Altria Group, Inc 41,072 38,669 *,e Beyond Meat, Inc 5,032 8,686 * Boston Beer Co, Inc (Class A) 10,478 31,307 Brown-Forman Corp (Class A) 1,993 147,725 Brown-Forman Corp (Class B) 10,188 96,394 Campbell Soup Co 4,846 2,242,834 Coca-Cola Co 118,220 150,524 Constellation Brands, Inc (Class A) 34,319 7,378,318 Davide Campari-Milano NV 82,582

246

VALUE SHARES COMPANY (000) 79,616 Kellogg Co $ 5,040 2,424,535 Keurig Dr Pepper, Inc 83,331 35,050 Lamb Weston Holdings, Inc 2,716 137,152 McCormick & Co, Inc 12,228 2,555,304 * Monster Beverage Corp 232,763 1,004,947 PepsiCo, Inc 142,150 534 * Pilgrim’s Pride Corp 13 TOTAL FOOD, BEVERAGE & TOBACCO 804,521

HEALTH CARE EQUIPMENT & SERVICES - 5.7% 654,736 Abbott Laboratories 78,463 44,058 * Abiomed, Inc 14,043 1,173,934 Alcon, Inc 82,381 399,307 * Align Technology, Inc 216,237 32,611 * Amedisys, Inc 8,635 32,118 * American Well Corp 558 69,722 AmerisourceBergen Corp 8,232 63,695 Anthem, Inc 22,863 210,988 Baxter International, Inc 17,795 2,167,808 * Boston Scientific Corp 83,786 285,102 Cardinal Health, Inc 17,320 161,444 * Centene Corp 10,318 300,731 Cerner Corp 21,616 16,730 * Certara, Inc 457 183,796 * Change Healthcare, Inc 4,062 15,397 Chemed Corp 7,080 907,897 Cigna Corp 219,475 5,207 Cooper Cos, Inc 2,000 9,159 * DaVita, Inc 987 313,155 * DexCom, Inc 112,545 610,003 * Edwards Lifesciences Corp 51,021 38,980 Encompass Health Corp 3,192 417,796 *,e GoodRx Holdings, Inc 16,302 888,345 * Guardant Health, Inc 135,606 43,107 * Haemonetics Corp 4,785 138,090 HCA Healthcare, Inc 26,008 7,827 Hill-Rom Holdings, Inc 865 178,907 * Hologic, Inc 13,307 48,567 Humana, Inc 20,362 5,276 * ICU Medical, Inc 1,084 83,800 * IDEXX Laboratories, Inc 41,004 65,908 * Insulet Corp 17,197 311,749 * Intuitive Surgical, Inc 230,364 5,411 * Laboratory Corp of America Holdings 1,380 48,792 * Masimo Corp 11,206 118,669 McKesson Corp 23,145 38,236 * Molina Healthcare, Inc 8,938 98,908 * Novocure Ltd 13,074 582,534 *,e Oak Street Health, Inc 31,614 32,056 * Penumbra, Inc 8,674 35,942 * Quidel Corp 4,598 141,818 Resmed, Inc 27,515 15,531 * Signify Health, Inc 454 4,482 STERIS plc 854

VALUE SHARES COMPANY (000) 110,220 Stryker Corp $ 26,847 54,924 * Tandem Diabetes Care, Inc 4,847 98,281 * Teladoc, Inc 17,863 29,407 Teleflex, Inc 12,217 776,206 UnitedHealth Group, Inc 288,803 8,739 * Varian Medical Systems, Inc 1,543 135,382 * Veeva Systems, Inc 35,367 72,111 West Pharmaceutical Services, Inc 20,319 TOTAL HEALTH CARE EQUIPMENT & SERVICES 2,029,208

HOUSEHOLD & PERSONAL PRODUCTS - 1.1% 244,850 Church & Dwight Co, Inc 21,387 89,698 Clorox Co 17,301 49,595 Energizer Holdings, Inc 2,354 666,811 Estee Lauder Cos (Class A) 193,942 11,788 * Herbalife Nutrition Ltd 523 1,075,751 Procter & Gamble Co 145,689 11,781 Reynolds Consumer Products, Inc 351 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 381,547

INSURANCE - 0.4% 1,274 * Alleghany Corp 798 224,174 Aon plc 51,585 7,979 Axis Capital Holdings Ltd 395 11,775 Brown & Brown, Inc 538 13,602 Erie Indemnity Co (Class A) 3,005 678 * GoHealth, Inc 8 23,531 Lincoln National Corp 1,465 387,020 Marsh & McLennan Cos, Inc 47,139 25,307 Primerica, Inc 3,741 168,263 Progressive Corp 16,088 14,353 RenaissanceRe Holdings Ltd 2,300 TOTAL INSURANCE 127,062

MATERIALS - 0.6% 28,905 Air Products & Chemicals, Inc 8,132 194,178 Amcor plc 2,268 35,972 Avery Dennison Corp 6,606 297,502 Ball Corp 25,210 47,639 * Berry Global Group, Inc 2,925 14,754 Crown Holdings, Inc 1,432 47,689 Ecolab, Inc 10,209 26,848 FMC Corp 2,969 59,567 Graphic Packaging Holding Co 1,082 292,806 Linde plc 82,027 4,487 NewMarket Corp 1,706 43,243 Royal Gold, Inc 4,654 105,692 RPM International, Inc 9,708 36,553 Scotts Miracle-Gro Co (Class A) 8,954 81,911 Sherwin-Williams Co 60,451 20,266 W R Grace & Co 1,213 TOTAL MATERIALS 229,546

VALUE SHARES COMPANY (000) MEDIA & ENTERTAINMENT - 14.2% 297,252 Activision Blizzard, Inc $ 27,644 229,894 * Alphabet, Inc (Class A) 474,161 694,933 * Alphabet, Inc (Class C) 1,437,559 222,444 * Altice USA, Inc 7,236 5,305 Cable One, Inc 9,699 125,455 * Charter Communications, Inc 77,408 727,422 Comcast Corp (Class A) 39,361 1,129,916 Electronic Arts, Inc 152,957 4,971,874 * Facebook, Inc 1,464,366 1,164,402 * IAC/InterActive Corp 251,872 10,914 * Liberty SiriusXM Group (Class A) 481 22,415 * Liberty SiriusXM Group (Class C) 989 140,153 * Live Nation, Inc 11,864 1,708,757 * Match Group, Inc 234,749 621,291 * Netflix, Inc 324,103 29,817 Nexstar Media Group Inc 4,187 330,660 * Pinterest, Inc 24,479 36,687 * Playtika Holding Corp 998 107,176 * Roku, Inc 34,915 648,964 e Sirius XM Holdings, Inc 3,952 132,521 * Spotify Technology S.A. 35,509 104,850 * Take-Two Interactive Software, Inc 18,527 1,498,114 Tencent Holdings Ltd 119,561 2,235,543 * Twitter, Inc 142,248 842,936 * Walt Disney Co 155,538 46,048 World Wrestling Entertainment, Inc (Class A) 2,499 6,072 * Zillow Group, Inc (Class A) 798 15,978 * Zillow Group, Inc (Class C) 2,071 752,571 * Zynga, Inc 7,684 TOTAL MEDIA & ENTERTAINMENT 5,067,415

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.3% 354,211 * 10X Genomics, Inc 64,112 1,637,289 AbbVie, Inc 177,187 114,249 * Acadia Pharmaceuticals, Inc 2,948 45,940 * Acceleron Pharma, Inc 6,230 78,536 * Adaptive Biotechnologies Corp 3,162 27,326 Agilent Technologies, Inc 3,474 6,448 * Agios Pharmaceuticals, Inc 333 31,048 * Alexion Pharmaceuticals, Inc 4,748 112,336 * Alnylam Pharmaceuticals, Inc 15,861 574,739 Amgen, Inc 143,001 1,498,642 AstraZeneca plc 149,577 7,226,689 * Avantor, Inc 209,068 5,461 * Berkeley Lights, Inc 274 45,441 * Biogen, Inc 12,712 162,897 * BioMarin Pharmaceutical, Inc 12,300 35,922 Bio-Techne Corp 13,720 29,192 * Bluebird Bio, Inc 880 813,392 Bristol-Myers Squibb Co 51,349 43,866 Bruker BioSciences Corp 2,820 43,143 * Charles River Laboratories International, Inc 12,504 832,534 Eli Lilly & Co 155,534

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VALUE SHARES COMPANY (000) 114,891 * Exelixis, Inc $ 2,595 59,607 * Global Blood Therapeutics, Inc 2,429 932,813 * Horizon Therapeutics Plc 85,856 719,030 * Illumina, Inc 276,151 182,950 * Incyte Corp 14,868 60,956 * Ionis Pharmaceuticals, Inc 2,741 128,625 * Iovance Biotherapeutics, Inc 4,072 71,738 * IQVIA Holdings, Inc 13,856 349,093 Johnson & Johnson 57,373 166,061 Lonza Group AG. 92,878 47,831 * Maravai LifeSciences Holdings, Inc 1,705 2,176,927 Merck & Co, Inc 167,819 21,337 * Mettler-Toledo International, Inc 24,659 280,747 * Moderna, Inc 36,764 95,680 * Neurocrine Biosciences, Inc 9,305 22,926 PerkinElmer, Inc 2,941 123,359 * PPD, Inc 4,668 50,936 * PRA Health Sciences, Inc 7,810 23,153 * Reata Pharmaceuticals, Inc 2,308 95,378 * Regeneron Pharmaceuticals, Inc 45,127 51,404 * Repligen Corp 9,994 135,312 e Royalty Pharma plc 5,902 4,090 * Sage Therapeutics, Inc 306 256,675 * Sana Biotechnology, Inc 8,591 71,169 * Sarepta Therapeutics, Inc 5,304 125,947 * Seagen, Inc 17,489 27,714 * Sotera Health Co 692 6,517 * Syneos Health, Inc 494 229,008 Thermo Fisher Scientific, Inc 104,515 855,265 * Vertex Pharmaceuticals, Inc 183,788 4,587 * Waters Corp 1,304 2,108,852 Zoetis, Inc 332,102 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 2,584,661

REAL ESTATE - 0.9% 435,579 American Tower Corp 104,130 19,638 Americold Realty Trust 755 38,294 e Brookfield Property REIT, Inc 687 23,932 Coresite Realty 2,868 382,750 Crown Castle International Corp 65,883 88,241 Equinix, Inc 59,968 66,587 Equity Lifestyle Properties, Inc 4,238 90,220 Extra Space Storage, Inc 11,959 162,124 Iron Mountain, Inc 6,000 98,412 Public Storage, Inc 24,284 15,572 SBA Communications Corp 4,322 255,598 Simon Property Group, Inc 29,079 TOTAL REAL ESTATE 314,173

RETAILING - 11.3% 372,219 * Alibaba Group Holding Ltd (ADR) 84,393 811,023 * Amazon.com, Inc 2,509,370 994,863 * ASOS plc 75,888 13,044 * AutoZone, Inc 18,318

VALUE SHARES COMPANY (000) 39,131 Best Buy Co, Inc $ 4,493 57,823 * Burlington Stores, Inc 17,278 1,471,740 * CarMax, Inc 195,241 54,285 * Carvana Co 14,244 1,885,484 *,e Coupang, Inc 93,049 242,556 Dollar General Corp 49,147 111,633 * Dollar Tree, Inc 12,778 585,866 eBay, Inc 35,878 117,630 * Etsy, Inc 23,722 13,325 * Expedia Group, Inc 2,293 53,185 * Five Below, Inc 10,147 91,334 * Floor & Decor Holdings, Inc 8,721 933,984 * GrubHub, Inc 56,039 530,018 Home Depot, Inc 161,788 1,025,358 * JD.com, Inc (ADR) 86,468 17,536 * Leslie’s, Inc 429 726,286 Lowe’s Companies, Inc 138,125 50,036 * Ollie’s Bargain Outlet Holdings, Inc 4,353 69,345 * O’Reilly Automotive, Inc 35,175 1,486,490 *,e Petco Health & Wellness Co, Inc 32,941 38,586 Pool Corp 13,321 278,647 Ross Stores, Inc 33,413 3,569,036 TJX Companies, Inc 236,092 113,818 Tractor Supply Co 20,155 50,299 * Ulta Beauty, Inc 15,551 80,818 * Vroom, Inc 3,151 64,131 * Wayfair, Inc 20,185 12,741 Williams-Sonoma, Inc 2,283 TOTAL RETAILING 4,014,429

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 7.2% 1,100,421 * Advanced Micro Devices, Inc 86,383 12,169 * Allegro MicroSystems, Inc 308 44,037 Analog Devices, Inc 6,829 2,592,269 Applied Materials, Inc 346,327 743,000 Broadcom, Inc 344,499 104,102 * Enphase Energy, Inc 16,881 124,691 Entegris, Inc 13,940 46,599 * Inphi Corp 8,314 3,412,295 Intel Corp 218,387 153,966 KLA Corp 50,870 141,244 Lam Research Corp 84,074 2,422,568 Marvell Technology Group Ltd 118,657 85,489 Maxim Integrated Products, Inc 7,811 183,803 Microchip Technology, Inc 28,530 38,631 MKS Instruments, Inc 7,163 43,446 Monolithic Power Systems, Inc 15,346 1,077,478 NVIDIA Corp 575,298 2,246,939 QUALCOMM, Inc 297,922 48,329 * SolarEdge Technologies, Inc 13,892 1,445,483 Taiwan Semiconductor Manufacturing Co Ltd (ADR) 170,972 162,192 Teradyne, Inc 19,736 451,475 Texas Instruments, Inc 85,324 43,277 Universal Display Corp 10,247

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 242,936 Xilinx, Inc 30,100 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 2,557,810

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VALUE SHARES COMPANY (000) SOFTWARE & SERVICES - 24.6% 21,296 * 2U, Inc $ 814 628,879 Accenture plc 173,728 380,783 * ACV Auctions, Inc 13,179 474,562 * Adobe, Inc 225,593 72,081 *,g Adyen NV 160,842 130,899 * Akamai Technologies, Inc 13,339 54,513 * Alteryx, Inc 4,522 131,024 * Anaplan, Inc 7,056 84,730 * Ansys, Inc 28,771 61,241 * Aspen Technology, Inc 8,839 130,572 * Atlassian Corp plc 27,519 144,571 * Autodesk, Inc 40,068 365,592 Automatic Data Processing, Inc 68,903 82,145 * Avalara, Inc 10,961 35,655 * BigCommerce Holdings, Inc 2,061 71,601 * Bill.Com Holdings, Inc 10,418 156,430 * Black Knight, Inc 11,574 111,651 Broadridge Financial Solutions, Inc 17,094 12,785 *,e C3.ai, Inc 843 274,438 * Cadence Design Systems, Inc 37,595 16,212 CDK Global, Inc 876 78,195 * Ceridian HCM Holding, Inc 6,589 34,763 Citrix Systems, Inc 4,879 114,914 * Cloudflare, Inc 8,074 32,487 Cognizant Technology Solutions Corp (Class A) 2,538 67,893 * Coupa Software, Inc 17,277 109,252 * Crowdstrike Holdings, Inc 19,940 149,276 * Datadog, Inc 12,441 11,953 * Datto Holding Corp 274 673,560 * DocuSign, Inc 136,362 236,551 * Dropbox, Inc 6,306 47,028 * Duck Creek Technologies, Inc 2,123 177,963 * Dynatrace, Inc 8,585 64,199 * Elastic NV 7,139 52,039 * EPAM Systems, Inc 20,643 35,467 * Everbridge, Inc 4,298 28,059 * Fair Isaac Corp 13,638 76,128 *,e Fastly, Inc 5,122 48,130 * FireEye, Inc 942 164,930 * Fiserv, Inc 19,633 61,344 * Five9, Inc 9,590 82,489 * FleetCor Technologies, Inc 22,159 131,051 * Fortinet, Inc 24,168 84,355 * Gartner, Inc 15,399 77,831 Genpact Ltd 3,333 37,419 * Globant S.A. 7,769 164,912 * GoDaddy, Inc 12,800 16,498 * Guidewire Software, Inc 1,677 40,196 * HubSpot, Inc 18,257 875,193 Intuit, Inc 335,251

252

VALUE SHARES COMPANY (000) 58,089 Jack Henry & Associates, Inc $ 8,813 10,434 * Jamf Holding Corp 368 11,314 *,e JFrog Ltd 502 54,140 * Manhattan Associates, Inc 6,355 870,661 Mastercard, Inc (Class A) 309,999 18,613 McAfee Corp 423 87,901 * Medallia, Inc 2,452 11,441,042 Microsoft Corp 2,697,454 50,712 * MongoDB, Inc 13,562 37,841 * nCino, Inc 2,525 52,944 * New Relic, Inc 3,255 541,427 NortonLifelock, Inc 11,511 190,773 * Nutanix, Inc 5,067 114,904 * Okta, Inc 25,328 1,597,813 Oracle Corp 112,119 71,764 * Pagerduty, Inc 2,887 93,056 * Palo Alto Networks, Inc 29,970 250,842 Paychex, Inc 24,587 47,662 * Paycom Software, Inc 17,638 36,154 * Paylocity Holding Corp 6,502 3,997,015 * PayPal Holdings, Inc 970,635 36,427 Pegasystems, Inc 4,165 120,986 * Pluralsight, Inc 2,703 54,926 * Proofpoint, Inc 6,909 104,035 * PTC, Inc 14,320 582,366 * Qualtrics International, Inc 19,166 73,185 * RealPage, Inc 6,382 77,217 * RingCentral, Inc 23,001 3,685,268 * salesforce.com, Inc 780,798 647,189 * ServiceNow, Inc 323,666 1,922,895 * Slack Technologies, Inc 78,127 114,003 * Smartsheet, Inc 7,287 160,162 * Splunk, Inc 21,699 365,621 * Square, Inc 83,014 49,377 SS&C Technologies Holdings, Inc 3,450 198,865 * StoneCo Ltd 12,174 89,189 Switch, Inc 1,450 606,830 * Synopsys, Inc 150,360 86,703 *,e Teradata Corp 3,341 40,565 * Trade Desk, Inc 26,435 363,818 * Twilio, Inc 123,975 39,100 * Tyler Technologies, Inc 16,599 24,452 *,e Unity Software, Inc 2,453 60,056 * VeriSign, Inc 11,937 4,727,054 Visa, Inc (Class A) 1,000,859 77,890 * VMware, Inc (Class A) 11,719 83,297 Western Union Co 2,054 3,623 * WEX, Inc 758 177,108 * Workday, Inc 43,999 115,411 * Zendesk, Inc 15,306 173,210 * Zoom Video Communications, Inc 55,651 69,907 * Zscaler, Inc 12,001 TOTAL SOFTWARE & SERVICES 8,729,511

VALUE SHARES COMPANY (000) TECHNOLOGY HARDWARE & EQUIPMENT - 7.8% 339,144 Amphenol Corp (Class A) $ 22,373 21,646,238 Apple, Inc 2,644,088 48,264 * Arista Networks, Inc 14,570 139,617 CDW Corp 23,142 167,515 Cognex Corp 13,902 20,379 * Coherent, Inc 5,154 13,311 * CommScope Holding Co, Inc 204 15,730 * Dell Technologies, Inc 1,387 6,928 Dolby Laboratories, Inc (Class A) 684 2,519 * IPG Photonics Corp 531 30,891 Jabil Inc 1,611 60,889 * Keysight Technologies, Inc 8,731 8,863 * Lumentum Holdings, Inc 810 18,210 Motorola Solutions, Inc 3,424 118,007 NetApp, Inc 8,576 145,576 * Pure Storage, Inc 3,136 5,470 Ubiquiti, Inc 1,632 47,466 * Zebra Technologies Corp (Class A) 23,030 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 2,776,985

TELECOMMUNICATION SERVICES - 0.7% 1,459,849 e,g Cellnex Telecom SAU 84,158 1,208,755 * T-Mobile US, Inc 151,445 TOTAL TELECOMMUNICATION SERVICES 235,603

TRANSPORTATION - 1.3% 21,772 CH Robinson Worldwide, Inc 2,078 101,583 Expeditors International of Washington, Inc 10,939 23,482 JB Hunt Transport Services, Inc 3,947 27,859 Landstar System, Inc 4,598 82,063 Old Dominion Freight Line 19,729 4,797,000 * Uber Technologies, Inc 261,484 338,311 Union Pacific Corp 74,567 466,002 United Parcel Service, Inc (Class B) 79,216 5,063 * XPO Logistics, Inc 624 TOTAL TRANSPORTATION 457,182

UTILITIES - 0.0% 70,627 NRG Energy, Inc 2,665 TOTAL UTILITIES 2,665

TOTAL COMMON STOCKS 35,434,509 (Cost $24,755,547)

MATURITY PRINCIPAL ISSUER RATE DATE SHORT-TERM INVESTMENTS - 0.5%

GOVERNMENT AGENCY DEBT - 0.1% $ 4,370,000 Federal Home Loan Bank (FHLB) 0.020-0.030% 04/01/21 4,370 10,000,000 FHLB 0.010 04/21/21 10,000 20,000,000 FHLB 0.012 05/19/21 20,000

254

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) TREASURY DEBT - 0.1% $ 10,900,000 United States Treasury Bill 0.005-0.021% 04/06/21 $ 10,900 24,870,000 United States Treasury Bill 0.020 04/08/21 24,870 10,000,000 United States Treasury Bill 0.015 04/22/21 10,000 10,715,000 United States Treasury Bill 0.025 05/04/21 10,715 TOTAL TREASURY DEBT 56,485

SHARES COMPANY INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% 98,224,031 c State Street Navigator Securities Lending Government 0.030 98,224 Money Market Portfolio TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES 98,224

TOTAL SHORT-TERM INVESTMENTS 197,078 (Cost $197,077) TOTAL INVESTMENTS - 100.2% 35,631,587 (Cost $24,952,624) OTHER ASSETS & LIABILITIES, NET - (0.2)% (85,622) NET ASSETS - 100.0% $ 35,545,965

Abbreviation(s): ADR American Depositary Receipt REIT Real Estate Investment Trust

* Non-income producing c Investments made with cash collateral received from securities on loan. e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $192,473,860. g Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $244,999,513 or 0.7% of net assets.

Cost amounts are in thousands.

255

COLLEGE RETIREMENT EQUITIES FUND EQUITY INDEX ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

VALUE SHARES COMPANY (000) COMMON STOCKS - 99.7%

AUTOMOBILES & COMPONENTS - 1.9% 49,971 * Adient plc $ 2,209 60,325 * American Axle & Manufacturing Holdings, Inc 583 148,623 * Aptiv plc 20,495 139,436 BorgWarner, Inc 6,464 30,001 Cooper Tire & Rubber Co 1,679 12,534 * Cooper-Standard Holding, Inc 455 76,541 Dana Inc 1,862 12,642 * Dorman Products, Inc 1,298 2,171,092 * Ford Motor Co 26,596 25,297 * Fox Factory Holding Corp 3,214 706,199 * General Motors Co 40,578 125,049 Gentex Corp 4,461 26,543 * Gentherm, Inc 1,967 137,668 * Goodyear Tire & Rubber Co 2,419 87,213 Harley-Davidson, Inc 3,497 12,667 LCI Industries, Inc 1,676 31,486 Lear Corp 5,707 36,302 * Modine Manufacturing Co 536 13,147 *,e Motorcar Parts of America, Inc 296 17,097 Patrick Industries, Inc 1,453 6,449 Standard Motor Products, Inc 268 20,247 * Stoneridge, Inc 644 28,062 * Tenneco, Inc 301 432,052 * Tesla, Inc 288,580 33,002 Thor Industries, Inc 4,447 16,494 * Visteon Corp 2,011 22,457 Winnebago Industries, Inc 1,723 37,702 *,e Workhorse Group, Inc 519 9,934 * XPEL, Inc 516 TOTAL AUTOMOBILES & COMPONENTS 426,454

BANKS - 4.8% 12,408 1st Source Corp 590 4,570 ACNB Corp 134 7,958 Allegiance Bancshares, Inc 323 9,341 Altabancorp 393 12,491 * Amerant Bancorp Inc 232 5,882 American National Bankshares, Inc 194 38,500 Ameris Bancorp 2,022 7,069 Ames National Corp 181 8,680 Arrow Financial Corp 289 85,309 Associated Banc-Corp 1,820 14,762 * Atlantic Capital Bancshares, Inc 356 42,326 Atlantic Union Bankshares Corp 1,624 43,167 * Axos Financial, Inc 2,029

256

VALUE SHARES COMPANY (000) 11,574 Bancfirst Corp $ 818 62,103 BancorpSouth Bank 2,017 3,732 e Bank First Corp 280 4,380,728 Bank of America Corp 169,490 11,787 Bank of Commerce Holdings 150 23,380 Bank of Hawaii Corp 2,092 7,728 Bank of Marin Bancorp 303 13,738 Bank of NT Butterfield & Son Ltd 525 82,422 Bank OZK 3,367 12,265 BankFinancial Corp 127 56,051 BankUnited 2,463 3,897 Bankwell Financial Group, Inc 105 23,725 Banner Corp 1,265 11,016 Bar Harbor Bankshares 324 6,936 * Baycom Corp 125 7,059 BCB Bancorp, Inc 97 26,834 Berkshire Hills Bancorp, Inc 599 15,941 BOK Financial Corp 1,424 59,217 Boston Private Financial Holdings, Inc 789 54,590 Brookline Bancorp, Inc 819 12,987 Bryn Mawr Bank Corp 591 6,436 Business First Bancshares, Inc 154 5,576 Byline Bancorp, Inc 118 2,353 C&F Financial Corp 104 65,383 Cadence BanCorp 1,355 2,502 Cambridge Bancorp 211 11,436 Camden National Corp 547 9,158 Capital City Bank Group, Inc 238 92,364 Capitol Federal Financial 1,223 5,956 Capstar Financial Holdings, Inc 103 14,623 * Carter Bankshares, Inc 204 40,414 Cathay General Bancorp 1,648 12,633 CBTX, Inc 388 21,511 Central Pacific Financial Corp 574 6,214 Central Valley Community Bancorp 114 2,245 Century Bancorp, Inc 209 2,189 Chemung Financial Corp 92 49,642 CIT Group, Inc 2,557 1,170,545 Citigroup, Inc 85,157 9,568 Citizens & Northern Corp 228 254,905 Citizens Financial Group, Inc 11,254 10,955 City Holding Co 896 7,262 Civista Bancshares, Inc 167 9,772 CNB Financial Corp 240 6,775 Codorus Valley Bancorp, Inc 125 51,998 Columbia Banking System, Inc 2,241 33,673 * Columbia Financial, Inc 589 83,206 Comerica, Inc 5,969 55,789 Commerce Bancshares, Inc 4,274 35,397 Community Bank System, Inc 2,716 15,668 Community Bankers Trust Corp 138 2,846 Community Financial Corp 97 11,638 Community Trust Bancorp, Inc 512 21,722 ConnectOne Bancorp, Inc 551

VALUE SHARES COMPANY (000) 29,153 * CrossFirst Bankshares, Inc $ 402 33,515 Cullen/Frost Bankers, Inc 3,645 19,196 * Customers Bancorp, Inc 611 75,634 CVB Financial Corp 1,671 28,756 Dime Community Bancshares, Inc 867 22,688 Eagle Bancorp, Inc 1,207 80,570 East West Bancorp, Inc 5,946 94,260 Eastern Bankshares, Inc 1,818 6,481 Enterprise Bancorp, Inc 211 16,077 Enterprise Financial Services Corp 795 7,477 * Equity Bancshares, Inc 205 6,121 ESSA Bancorp, Inc 98 64,560 Essent Group Ltd 3,066 3,168 Evans Bancorp, Inc 107 6,654 Farmers & Merchants Bancorp, Inc 167 18,150 Farmers National Banc Corp 303 13,107 FB Financial Corp 583 6,481 Federal Agricultural Mortgage Corp (FAMC) 653 400,592 Fifth Third Bancorp 15,002 10,211 Financial Institutions, Inc 309 20,427 First Bancorp (NC) 889 114,850 First Bancorp (Puerto Rico) 1,293 6,485 First Bancorp, Inc 189 6,018 First Bancshares, Inc 220 26,747 First Busey Corp 686 6,176 First Business Financial Services, Inc 153 2,911 e First Citizens Bancshares, Inc (Class A) 2,433 69,402 First Commonwealth Financial Corp 997 12,139 First Community Bancshares, Inc 364 42,129 First Financial Bancorp 1,011 76,885 First Financial Bankshares, Inc 3,593 8,330 First Financial Corp 375 19,660 First Foundation, Inc 461 3,324 e First Guaranty Bancshares, Inc 60 71,845 First Hawaiian, Inc 1,966 308,284 First Horizon National Corp 5,213 4,089 First Internet Bancorp 144 18,329 First Interstate Bancsystem, Inc 844 29,933 First Merchants Corp 1,392 7,120 First Mid-Illinois Bancshares, Inc 313 63,811 First Midwest Bancorp, Inc 1,398 7,602 First Northwest Bancorp 126 15,462 First of Long Island Corp 329 95,258 First Republic Bank 15,884 15,789 Flagstar Bancorp, Inc 712 20,105 Flushing Financial Corp 427 181,165 FNB Corp 2,301 84,379 Fulton Financial Corp 1,437 14,703 German American Bancorp, Inc 680 55,696 Glacier Bancorp, Inc 3,179 7,809 Great Southern Bancorp, Inc 443 23,192 Great Western Bancorp, Inc 702 2,003 Greene County Bancorp, Inc 50 1,346 Guaranty Bancshares, Inc 49

VALUE SHARES COMPANY (000) 47,878 Hancock Whitney Corp $ 2,011 23,963 Hanmi Financial Corp 473 16,668 HarborOne Northeast Bancorp, Inc 224 17,800 Heartland Financial USA, Inc 895 25,661 Heritage Commerce Corp 314 22,188 Heritage Financial Corp 627 54,190 Hilltop Holdings, Inc 1,849 997 Hingham Institution for Savings 283 4,264 Home Bancorp, Inc 154 81,882 Home Bancshares, Inc 2,215 15,022 HomeStreet, Inc 662 13,541 HomeTrust Bancshares, Inc 330 38,615 Hope Bancorp, Inc 582 23,268 Horizon Bancorp 432 6,001 * Howard Bancorp, Inc 99 568,795 Huntington Bancshares, Inc 8,941 23,332 Independent Bank Corp (MA) 1,964 17,558 Independent Bank Corp (MI) 415 20,253 Independent Bank Group, Inc 1,463 40,567 International Bancshares Corp 1,883 5,550 Investar Holding Corp 114 129,084 Investors Bancorp, Inc 1,896 1,709,118 JPMorgan Chase & Co 260,179 83,674 Kearny Financial Corp 1,011 534,261 Keycorp 10,675 32,502 Lakeland Bancorp, Inc 566 18,387 Lakeland Financial Corp 1,272 6,780 LCNB Corp 119 14,926 Live Oak Bancshares, Inc 1,022 70,925 M&T Bank Corp 10,753 19,210 Macatawa Bank Corp 191 12,428 Mercantile Bank Corp 404 10,918 Merchants Bancorp 458 35,757 Meridian Bancorp, Inc 659 20,574 Meta Financial Group, Inc 932 4,420 * Metropolitan Bank Holding Corp 223 158,757 MGIC Investment Corp 2,199 10,800 Midland States Bancorp, Inc 300 7,821 MidWestOne Financial Group, Inc 242 34,360 * Mr Cooper Group, Inc 1,194 19,324 National Bank Holdings Corp 767 5,351 National Bankshares, Inc 190 31,726 NBT Bancorp, Inc 1,266 253,221 New York Community Bancorp, Inc 3,196 6,480 * Nicolet Bankshares, Inc 541 38,864 * NMI Holdings, Inc 919 5,235 Northeast Bank 138 33,024 Northfield Bancorp, Inc 526 5,019 Northrim BanCorp, Inc 213 39,220 Northwest Bancshares, Inc 567 4,425 e Norwood Financial Corp 118 30,487 OceanFirst Financial Corp 730 33,903 OFG Bancorp 767 3,155 Ohio Valley Banc Corp 77

VALUE SHARES COMPANY (000) 90,192 Old National Bancorp $ 1,744 21,667 Old Second Bancorp, Inc 286 11,057 Origin Bancorp, Inc 469 5,318 Orrstown Financial Services, Inc 119 41,564 Pacific Premier Bancorp, Inc 1,806 66,007 PacWest Bancorp 2,518 4,350 Park National Corp 562 4,594 Parke Bancorp, Inc 92 13,465 PCSB Financial Corp 224 11,582 Peapack Gladstone Financial Corp 358 4,446 Penns Woods Bancorp, Inc 107 17,636 PennyMac Financial Services, Inc 1,179 3,256 Peoples Bancorp of North Carolina, Inc 77 12,623 Peoples Bancorp, Inc 419 5,712 Peoples Financial Services Corp 241 202,790 People’s United Financial, Inc 3,630 41,191 Pinnacle Financial Partners, Inc 3,652 240,237 PNC Financial Services Group, Inc 42,140 47,405 Popular, Inc 3,333 8,859 Preferred Bank 564 8,456 Premier Financial Bancorp, Inc 157 28,197 Premier Financial Corp 938 8,140 Primis Financial Corp 118 48,715 Prosperity Bancshares, Inc 3,648 6,589 Provident Bancorp Inc 95 18,723 Provident Financial Services, Inc 417 6,101 Prudential Bancorp, Inc 90 8,729 QCR Holdings, Inc 412 98,093 Radian Group, Inc 2,281 9,265 RBB Bancorp 188 550,925 Regions Financial Corp 11,382 4,712 Reliant Bancorp Inc 135 30,881 Renasant Corp 1,278 6,104 Republic Bancorp, Inc (Class A) 270 34,776 * Republic First Bancorp, Inc 131 13,238 Riverview Bancorp, Inc 92 62,631 e Rocket Cos, Inc 1,446 25,676 S&T Bancorp, Inc 860 22,606 Sandy Spring Bancorp, Inc 982 28,631 * Seacoast Banking Corp of Florida 1,038 32,848 ServisFirst Bancshares, Inc 2,015 8,913 Shore Bancshares, Inc 152 8,919 Sierra Bancorp 239 34,007 Signature Bank 7,689 8,903 * Silvergate Capital Corp 1,266 55,218 Simmons First National Corp (Class A) 1,638 5,382 SmartFinancial, Inc 116 43,651 South State Corp 3,427 4,079 * Southern First Bancshares, Inc 191 4,139 Southern Missouri Bancorp, Inc 163 20,042 Southside Bancshares, Inc 772 93,752 Sterling Bancorp 2,158 11,631 * Sterling Bancorp, Inc 66 16,305 Stock Yards Bancorp, Inc 833

VALUE SHARES COMPANY (000) 6,101 Summit Financial Group, Inc $ 162 28,236 * SVB Financial Group 13,939 85,330 Synovus Financial Corp 3,904 81,693 TCF Financial Corp 3,795 5,870 Territorial Bancorp, Inc 155 35,836 * Texas Capital Bancshares, Inc 2,541 34,383 TFS Financial Corp 700 35,393 * The Bancorp, Inc 733 4,645 Timberland Bancorp, Inc 129 10,641 Tompkins Financial Corp 880 46,422 Towne Bank 1,411 19,212 Trico Bancshares 910 16,178 * Tristate Capital Holdings, Inc 373 10,668 * Triumph Bancorp, Inc 826 761,799 Truist Financial Corp 44,428 71,043 Trustco Bank Corp NY 524 49,168 Trustmark Corp 1,655 26,057 UMB Financial Corp 2,406 117,477 Umpqua Holdings Corp 2,062 83,649 United Bankshares, Inc 3,227 43,715 United Community Banks, Inc 1,492 9,461 United Security Bancshares 77 5,346 Unity Bancorp, Inc 118 19,117 Univest Financial Corp 547 768,960 US Bancorp 42,531 196,375 Valley National Bancorp 2,698 22,054 Veritex Holdings, Inc 722 19,235 Walker & Dunlop, Inc 1,976 29,442 Washington Federal, Inc 907 10,818 Washington Trust Bancorp, Inc 559 19,189 Waterstone Financial, Inc 392 51,153 Webster Financial Corp 2,819 2,141,325 Wells Fargo & Co 83,662 23,487 WesBanco, Inc 847 11,970 West Bancorporation, Inc 288 18,981 Westamerica Bancorporation 1,192 57,400 Western Alliance Bancorp 5,421 19,137 Western New England Bancorp, Inc 161 38,890 Wintrust Financial Corp 2,948 37,123 WSFS Financial Corp 1,848 90,905 Zions Bancorporation 4,996 TOTAL BANKS 1,092,895

CAPITAL GOODS - 6.5% 317,131 3M Co 61,105 69,666 A.O. Smith Corp 4,710 21,498 Aaon, Inc 1,505 23,226 * AAR Corp 967 24,498 Acuity Brands, Inc 4,042 31,531 Advanced Drainage Systems, Inc 3,260 84,263 * Aecom Technology Corp 5,402 24,436 * Aegion Corp 703 39,078 Aerojet Rocketdyne Holdings, Inc 1,835 14,335 * Aerovironment, Inc 1,664

VALUE SHARES COMPANY (000) 32,215 AGCO Corp $ 4,628 56,080 Air Lease Corp 2,748 6,904 Alamo Group, Inc 1,078 21,082 Albany International Corp (Class A) 1,760 47,686 Allegion plc 5,990 4,493 Allied Motion Technologies, Inc 231 51,690 Allison Transmission Holdings, Inc 2,110 41,492 Altra Industrial Motion Corp 2,295 13,776 * Ameresco, Inc 670 15,290 * American Superconductor Corp 290 10,171 * American Woodmark Corp 1,003 129,674 Ametek, Inc 16,563 83,309 *,g API Group Corp 1,723 4,581 Apogee Enterprises, Inc 187 27,154 Applied Industrial Technologies, Inc 2,476 30,718 Arcosa, Inc 1,999 10,471 Argan, Inc 559 26,334 Armstrong World Industries, Inc 2,372 69,116 * Array Technologies, Inc 2,061 15,250 Astec Industries, Inc 1,150 15,755 * Astronics Corp 284 23,836 * Atkore International Group, Inc 1,714 35,579 * Axon Enterprise, Inc 5,067 40,595 * AZEK Co, Inc 1,707 19,364 AZZ, Inc 975 25,595 Barnes Group, Inc 1,268 25,043 * Beacon Roofing Supply, Inc 1,310 35,611 * Bloom Energy Corp 963 3,946 * Blue Bird Corp 99 301,289 * Boeing Co 76,744 27,727 Boise Cascade Co 1,659 128,810 * Builders FirstSource, Inc 5,973 56,807 BWX Technologies, Inc 3,746 14,163 e Caesarstone Sdot-Yam Ltd 194 8,775 CAI International, Inc 399 27,634 Carlisle Cos, Inc 4,548 483,911 Carrier Global Corp 20,431 306,335 Caterpillar, Inc 71,030 22,344 * Chart Industries, Inc 3,181 12,045 * CIRCOR International, Inc 419 64,286 * Colfax Corp 2,816 14,727 e Columbus McKinnon Corp 777 24,840 Comfort Systems USA, Inc 1,857 11,212 * Construction Partners Inc 335 29,151 * Cornerstone Building Brands, Inc 409 27,810 Crane Co 2,612 10,574 CSW Industrials, Inc 1,427 18,660 Cubic Corp 1,391 82,465 Cummins, Inc 21,367 22,308 Curtiss-Wright Corp 2,646 158,616 Deere & Co 59,345 71,161 Donaldson Co, Inc 4,139 16,771 e Douglas Dynamics, Inc 774 80,236 Dover Corp 11,003

VALUE SHARES COMPANY (000) 8,048 * Ducommun, Inc $ 483 11,117 * DXP Enterprises, Inc 335 16,954 * Dycom Industries, Inc 1,574 3,733 Eastern Co 100 223,793 Eaton Corp 30,946 28,208 EMCOR Group, Inc 3,164 336,227 Emerson Electric Co 30,334 15,305 Encore Wire Corp 1,027 24,905 * Energy Recovery, Inc 457 43,959 Enerpac Tool Group Corp 1,148 25,301 EnerSys 2,297 8,505 EnPro Industries, Inc 725 13,003 ESCO Technologies, Inc 1,416 2,576 * EVI Industries, Inc 74 51,314 * Evoqua Water Technologies Corp 1,350 319,390 Fastenal Co 16,059 42,557 Federal Signal Corp 1,630 82,555 Flowserve Corp 3,204 91,070 * Fluor Corp 2,103 168,372 Fortive Corp 11,894 75,096 Fortune Brands Home & Security, Inc 7,196 25,145 Franklin Electric Co, Inc 1,985 176,294 * FuelCell Energy, Inc 2,540 30,738 * Gates Industrial Corp plc 491 15,077 GATX Corp 1,398 4,980 * Gencor Industries, Inc 67 35,264 * Generac Holdings, Inc 11,547 142,376 General Dynamics Corp 25,850 4,941,120 General Electric Co 64,877 22,869 * Gibraltar Industries, Inc 2,093 17,148 * GMS, Inc 716 2,315 e Gorman-Rupp Co 77 92,773 Graco, Inc 6,644 95,580 GrafTech International Ltd 1,169 7,763 Graham Corp 111 33,088 e Granite Construction, Inc 1,332 44,924 * Great Lakes Dredge & Dock Corp 655 19,838 Greenbrier Cos, Inc 937 20,793 Griffon Corp 565 23,777 H&E Equipment Services, Inc 904 26,390 HEICO Corp 3,320 46,469 HEICO Corp (Class A) 5,279 16,194 Helios Technologies, Inc 1,180 17,889 * Herc Holdings, Inc 1,813 57,257 * Hexcel Corp 3,206 34,596 Hillenbrand, Inc 1,651 397,524 Honeywell International, Inc 86,291 229,339 * Howmet Aerospace, Inc 7,369 30,217 Hubbell, Inc 5,647 19,225 Huntington Ingalls 3,957 4,796 Hurco Cos, Inc 169 5,385 * Hydrofarm Holdings Group, Inc 325 7,224 Hyster-Yale Materials Handling, Inc 629 41,386 IDEX Corp 8,663

VALUE SHARES COMPANY (000) 5,334 * IES Holdings, Inc $ 269 176,391 Illinois Tool Works, Inc 39,074 201,626 * Ingersoll Rand, Inc 9,922 13,472 Insteel Industries, Inc 415 46,862 ITT, Inc 4,260 20,391 * JELD-WEN Holding, Inc 565 16,888 John Bean Technologies Corp 2,252 405,094 Johnson Controls International plc 24,172 8,084 Kadant, Inc 1,496 7,065 Kaman Corp 362 56,290 Kennametal, Inc 2,250 50,983 * Kratos Defense & Security Solutions, Inc 1,391 117,036 L3Harris Technologies, Inc 23,721 4,456 * Lawson Products, Inc 231 5,677 * LB Foster Co (Class A) 102 20,121 Lennox International, Inc 6,269 27,531 Lincoln Electric Holdings, Inc 3,385 7,273 Lindsay Corp 1,212 139,120 Lockheed Martin Corp 51,405 17,575 Luxfer Holdings plc 374 12,223 * Lydall, Inc 412 22,630 * Manitowoc Co, Inc 467 151,526 Masco Corp 9,076 18,516 * Masonite International Corp 2,134 38,304 * Mastec, Inc 3,589 19,934 * Matrix Service Co 261 38,365 Maxar Technologies, Inc 1,451 10,506 McGrath RentCorp 847 25,978 * Mercury Systems, Inc 1,835 34,734 * Meritor, Inc 1,022 30,281 * Middleby Corp 5,019 7,280 Miller Industries, Inc 336 15,909 Moog, Inc (Class A) 1,323 64,419 * MRC Global, Inc 582 25,456 MSC Industrial Direct Co (Class A) 2,296 22,547 Mueller Industries, Inc 932 66,266 Mueller Water Products, Inc (Class A) 920 10,993 * MYR Group, Inc 788 3,534 National Presto Industries, Inc 361 20,350 * Navistar International Corp 896 19,066 * NN, Inc 135 33,227 Nordson Corp 6,602 88,277 Northrop Grumman Corp 28,570 6,891 * Northwest Pipe Co 230 78,206 * NOW, Inc 789 5,211 * NV5 Global Inc 503 87,536 nVent Electric plc 2,443 2,354 e Omega Flex, Inc 372 38,204 Oshkosh Corp 4,533 231,043 Otis Worldwide Corp 15,815 56,584 Owens Corning, Inc 5,211 188,380 PACCAR, Inc 17,504 35,158 * PAE, Inc 317 14,228 Park Aerospace Corp 188

VALUE SHARES COMPANY (000) 71,385 Parker-Hannifin Corp $ 22,517 6,136 Park-Ohio Holdings Corp 193 12,058 * Parsons Corp 488 96,376 Pentair plc 6,006 36,380 * PGT Innovations, Inc 919 212,948 * Plug Power, Inc 7,632 7,077 Powell Industries, Inc 240 1,801 Preformed Line Products Co 124 28,783 Primoris Services Corp 954 15,505 * Proto Labs, Inc 1,888 25,291 Quanex Building Products Corp 663 75,730 Quanta Services, Inc 6,663 25,955 Raven Industries, Inc 995 806,533 Raytheon Technologies Corp 62,321 16,634 * RBC Bearings, Inc 3,273 20,978 Regal-Beloit Corp 2,993 82,950 * Resideo Technologies, Inc 2,343 8,757 * REV Group, Inc 168 56,852 Rexnord Corp 2,677 67,253 Rockwell Automation, Inc 17,852 57,766 Roper Technologies Inc 23,299 32,265 Rush Enterprises, Inc (Class A) 1,608 6,895 Rush Enterprises, Inc (Class B) 311 88,808 * Sensata Technologies Holding plc 5,146 50,036 * Shoals Technologies Group, Inc 1,740 24,709 Shyft Group, Inc 919 29,530 Simpson Manufacturing Co, Inc 3,063 24,415 * SiteOne Landscape Supply, Inc 4,169 30,839 Snap-On, Inc 7,116 59,911 Spirit Aerosystems Holdings, Inc (Class A) 2,915 30,406 * SPX Corp 1,772 29,148 SPX FLOW, Inc 1,846 8,333 Standex International Corp 796 85,086 Stanley Black & Decker, Inc 16,989 18,886 * Sterling Construction Co, Inc 438 85,453 * Sunrun, Inc 5,168 9,938 Systemax, Inc 409 20,977 * Teledyne Technologies, Inc 8,677 12,744 Tennant Co 1,018 35,787 Terex Corp 1,649 18,852 * Textainer Group Holdings Ltd 540 129,842 Textron, Inc 7,282 8,048 *,e The ExOne Company 252 24,419 * Thermon Group Holdings 476 30,037 Timken Co 2,438 11,613 * Titan Machinery, Inc 296 55,598 Toro Co 5,734 7,431 * TPI Composites, Inc 419 132,381 Trane Technologies plc 21,917 29,953 * TransDigm Group, Inc 17,610 63,333 * Trex Co, Inc 5,797 34,233 * Trimas Corp 1,038 63,620 Trinity Industries, Inc 1,813 26,040 Triton International Ltd 1,432

VALUE SHARES COMPANY (000) 32,779 * Triumph Group, Inc $ 602 27,269 * Tutor Perini Corp 517 31,994 UFP Industries, Inc 2,426 41,346 * United Rentals, Inc 13,616 107,143 * Univar Solutions Inc 2,308 10,628 Valmont Industries, Inc 2,526 7,860 * Vectrus, Inc 420 7,828 * Veritiv Corp 333 119,277 Vertiv Holdings Co 2,386 12,845 * Vicor Corp 1,092 36,030 *,e Virgin Galactic Holdings, Inc 1,104 24,196 W.W. Grainger, Inc 9,701 42,603 Wabash National Corp 801 99,754 Wabtec Corp 7,897 18,257 Watsco, Inc 4,760 12,563 Watts Water Technologies, Inc (Class A) 1,493 88,290 * Welbilt, Inc 1,435 28,009 * WESCO International, Inc 2,424 3,392 * Willis Lease Finance Corp 147 98,203 * WillScot Mobile Mini Holdings Corp 2,725 30,482 Woodward Inc 3,677 98,686 Xylem, Inc 10,380 TOTAL CAPITAL GOODS 1,481,325

COMMERCIAL & PROFESSIONAL SERVICES - 1.2% 40,285 ABM Industries, Inc 2,055 37,820 * Acacia Research (Acacia Technologies) 251 9,390 ACCO Brands Corp 79 66,939 ADT, Inc 565 27,574 * ASGN Inc 2,632 5,145 Barrett Business Services, Inc 354 4,266 BGSF, Inc 60 73,456 Booz Allen Hamilton Holding Co 5,915 22,496 Brady Corp (Class A) 1,202 16,522 * BrightView Holdings, Inc 279 33,001 e Brink’s Co 2,615 12,641 * CACI International, Inc (Class A) 3,118 29,675 * Casella Waste Systems, Inc (Class A) 1,886 10,752 * CBIZ, Inc 351 18,496 * Ceco Environmental Corp 147 8,021 * Cimpress plc 803 49,302 Cintas Corp 16,827 30,748 * Clean Harbors, Inc 2,585 112,034 * Copart, Inc 12,168 49,610 * CoreCivic, Inc 449 39,753 CoreLogic Inc 3,150 21,937 * CoStar Group, Inc 18,030 84,474 Covanta Holding Corp 1,171 7,013 CRA International, Inc 523 27,694 Deluxe Corp 1,162 20,676 * Driven Brands Holdings, Inc 526 49,788 * Dun & Bradstreet Holdings, Inc 1,185 20,052 Ennis, Inc 428 66,486 Equifax, Inc 12,043

VALUE SHARES COMPANY (000) 22,542 Exponent, Inc $ 2,197 7,582 * Forrester Research, Inc 322 7,620 * Franklin Covey Co 216 21,634 * FTI Consulting, Inc 3,031 9,864 * GP Strategies Corp 172 59,172 * Harsco Corp 1,015 49,914 Healthcare Services Group 1,399 14,300 Heidrick & Struggles International, Inc 511 8,893 * Heritage-Crystal Clean, Inc 241 28,968 Herman Miller, Inc 1,192 31,637 HNI Corp 1,252 15,850 * Huron Consulting Group, Inc 799 78,470 * IAA, Inc 4,327 13,124 ICF International, Inc 1,147 219,727 IHS Markit Ltd 21,265 25,976 Insperity, Inc 2,175 44,581 Interface, Inc 556 68,282 Jacobs Engineering Group, Inc 8,827 88,200 * KAR Auction Services, Inc 1,323 82,538 KBR, Inc 3,169 20,372 * Kelly Services, Inc (Class A) 454 18,302 Kforce, Inc 981 25,171 Kimball International, Inc (Class B) 352 35,963 Knoll, Inc 594 37,013 Korn/Ferry International 2,308 74,334 Leidos Holdings, Inc 7,157 31,415 Manpower, Inc 3,107 18,418 Mantech International Corp (Class A) 1,601 22,585 Matthews International Corp (Class A) 893 13,300 * Mistras Group, Inc 152 12,017 * Montrose Environmental Group, Inc 603 19,573 e MSA Safety, Inc 2,936 179,667 Nielsen NV 4,519 4,961 NL Industries, Inc 37 133,127 Pitney Bowes, Inc 1,097 21,796 Quad Graphics, Inc 77 117,504 Republic Services, Inc 11,674 20,546 Resources Connection, Inc 278 69,302 Robert Half International, Inc 5,410 127,813 Rollins, Inc 4,399 32,160 Science Applications International Corp 2,688 12,140 * SP Plus Corp 398 61,807 Steelcase, Inc (Class A) 889 49,051 * Stericycle, Inc 3,311 20,907 * Team, Inc 241 29,513 Tetra Tech, Inc 4,005 104,231 TransUnion 9,381 22,121 * TriNet Group, Inc 1,725 346 * TrueBlue, Inc 8 8,983 Unifirst Corp 2,010 55,193 * Upwork, Inc 2,471 16,280 * US Ecology, Inc 678 88,487 Verisk Analytics, Inc 15,635 15,178 * Viad Corp 634

VALUE SHARES COMPANY (000) 17,372 * Vidler Water Resouces, Inc $ 155 5,586 VSE Corp 221 236,583 Waste Management, Inc 30,524 5,398 * Willdan Group, Inc 222 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 271,520

CONSUMER DURABLES & APPAREL - 1.5% 15,286 Acushnet Holdings Corp 632 9,880 * American Outdoor Brands, Inc 249 21,459 * Beazer Homes USA, Inc 449 44,121 Brunswick Corp 4,208 69,841 Callaway Golf Co 1,868 80,799 * Capri Holdings Ltd 4,121 20,899 * Carter’s, Inc 1,859 6,102 * Cavco Industries, Inc 1,377 13,611 * Century Communities, Inc 821 14,289 Clarus Corp 244 13,474 Columbia Sportswear Co 1,423 35,306 * CROCS, Inc 2,840 14,049 * Deckers Outdoor Corp 4,642 188,748 DR Horton, Inc 16,821 7,865 Escalade, Inc 164 18,783 Ethan Allen Interiors, Inc 519 31,215 * Fossil Group, Inc 387 82,696 Garmin Ltd 10,903 4,831 * G-III Apparel Group Ltd 146 74,136 *,e GoPro, Inc 863 16,535 * Green Brick Partners, Inc 375 6,360 e Hamilton Beach Brands Holding Co 115 201,239 Hanesbrands, Inc 3,958 72,105 Hasbro, Inc 6,931 15,207 * Helen of Troy Ltd 3,203 7,913 Hooker Furniture Corp 288 13,822 Installed Building Products, Inc 1,533 18,443 * iRobot Corp 2,253 3,583 Johnson Outdoors, Inc 511 60,650 KB Home 2,822 30,075 Kontoor Brands, Inc 1,460 36,137 La-Z-Boy, Inc 1,535 78,980 Leggett & Platt, Inc 3,605 154,377 Lennar Corp (Class A) 15,628 541 Lennar Corp (Class B) 45 12,635 * LGI Homes, Inc 1,887 7,210 Lifetime Brands, Inc 106 5,568 * Lovesac Co 315 63,088 * Lululemon Athletica, Inc 19,350 3,308 * M/I Homes, Inc 195 13,092 * Malibu Boats, Inc 1,043 8,407 Marine Products Corp 137 13,690 * MasterCraft Boat Holdings, Inc 364 199,106 * Mattel, Inc 3,966 32,613 MDC Holdings, Inc 1,937 22,102 * Meritage Homes Corp 2,032 31,434 * Mohawk Industries, Inc 6,045

VALUE SHARES COMPANY (000) 11,320 Movado Group, Inc $ 322 17,631 *,e Nautilus, Inc 276 207,669 Newell Brands Inc 5,561 700,805 Nike, Inc (Class B) 93,130 1,853 * NVR, Inc 8,729 11,750 Oxford Industries, Inc 1,027 145,284 * Peloton Interactive, Inc 16,336 32,179 Polaris Inc 4,296 157,608 Pulte Homes, Inc 8,265 8,506 * Purple Innovation, Inc 269 40,092 * PVH Corp 4,238 30,697 * Ralph Lauren Corp 3,781 79,579 * Skechers U.S.A., Inc (Class A) 3,319 32,514 * Skyline Champion Corp 1,472 39,523 Smith & Wesson Brands, Inc 690 67,337 * Sonos, Inc 2,523 60,523 Steven Madden Ltd 2,255 12,383 Sturm Ruger & Co, Inc 818 5,163 Superior Uniform Group, Inc 131 144,360 * Tapestry, Inc 5,949 67,492 * Taylor Morrison Home Corp 2,079 107,044 Tempur Sealy International, Inc 3,914 69,223 Toll Brothers, Inc 3,927 20,867 * TopBuild Corp 4,370 65,578 * TRI Pointe Homes, Inc 1,335 28,980 * Tupperware Brands Corp 765 110,698 * Under Armour, Inc (Class A) 2,453 110,542 * Under Armour, Inc (Class C) 2,041 10,905 * Unifi, Inc 301 10,485 * Universal Electronics, Inc 576 16,444 * Vera Bradley, Inc 166 177,722 VF Corp 14,204 41,550 * Vista Outdoor, Inc 1,332 11,097 * VOXX International Corp (Class A) 212 34,621 Whirlpool Corp 7,629 48,726 Wolverine World Wide, Inc 1,867 44,122 * YETI Holdings, Inc 3,186 TOTAL CONSUMER DURABLES & APPAREL 349,919

CONSUMER SERVICES - 2.3% 25,118 * Accel Entertainment, Inc 275 29,568 * Adtalem Global Education, Inc 1,169 12,233 * American Public Education, Inc 436 143,934 ARAMARK Holdings Corp 5,438 13,497 * Bally’s Corp 877 769 * Biglari Holdings, Inc (B Shares) 102 15,173 * BJ’s Restaurants, Inc 881 44,145 * Bloomin’ Brands, Inc 1,194 8,897 * Bluegreen Vacations Holding Corp 165 23,211 * Booking Holdings, Inc 54,078 43,510 * Boyd Gaming Corp 2,565 36,213 * Bright Horizons Family Solutions 6,209 25,489 * Brinker International, Inc 1,811 102,314 * Caesars Entertainment, Inc 8,947

VALUE SHARES COMPANY (000) 341,617 * Carnival Corp $ 9,067 11,838 Carriage Services, Inc 417 27,792 * Carrols Restaurant Group, Inc 166 16,727 * Century Casinos, Inc 172 31,824 *,e Cheesecake Factory 1,862 68,063 * Chegg, Inc 5,830 15,454 * Chipotle Mexican Grill, Inc (Class A) 21,957 17,380 * Choice Hotels International, Inc 1,865 20,586 Churchill Downs, Inc 4,682 12,474 * Chuy’s Holdings, Inc 553 15,120 Cracker Barrel Old Country Store, Inc 2,614 77,856 Darden Restaurants, Inc 11,056 16,608 * Dave & Buster’s Entertainment, Inc 796 23,487 Del Taco Restaurants, Inc 225 41,277 * Denny’s Corp 748 8,713 * Dine Brands Global Inc. 784 21,807 Domino’s Pizza, Inc 8,020 14,501 * El Pollo Loco Holdings, Inc 234 45,885 * Everi Holdings, Inc 647 105,919 Extended Stay America, Inc 2,092 20,469 * Fiesta Restaurant Group, Inc 258 45,952 * frontdoor, Inc 2,470 13,690 *,e GAN Ltd 249 7,389 * Golden Entertainment, Inc 187 1,652 Graham Holdings Co 929 26,419 * Grand Canyon Education, Inc 2,829 98,961 H&R Block, Inc 2,157 49,665 * Hilton Grand Vacations, Inc 1,862 152,179 * Hilton Worldwide Holdings, Inc 18,401 76,812 * Houghton Mifflin Harcourt Co 585 24,452 * Hyatt Hotels Corp 2,022 36,131 *,e International Game Technology plc 580 14,716 Jack in the Box, Inc 1,616 189,050 * Las Vegas Sands Corp 11,487 62,559 * Laureate Education, Inc 850 10,890 * Lindblad Expeditions Holdings, Inc 206 153,692 * Marriott International, Inc (Class A) 22,763 21,099 * Marriott Vacations Worldwide Corp 3,675 421,939 McDonald’s Corp 94,573 281,649 MGM Resorts International 10,700 7,140 * Monarch Casino & Resort, Inc 433 2,378 Nathan’s Famous, Inc 150 8,091 * Noodles & Co 84 204,209 * Norwegian Cruise Line Holdings Ltd 5,634 29,338 * OneSpaWorld Holdings Ltd 312 18,811 Papa John’s International, Inc 1,667 88,526 * Penn National Gaming, Inc 9,281 46,334 * Perdoceo Education Corp 554 51,866 * Planet Fitness, Inc 4,009 10,854 * PlayAGS, Inc 88 6,547 RCI Hospitality Holdings, Inc 416 9,211 *,e Red Robin Gourmet Burgers, Inc 367 37,399 * Red Rock Resorts, Inc 1,219 27,109 *,e Regis Corp 341

VALUE SHARES COMPANY (000) 106,238 * Royal Caribbean Cruises Ltd $ 9,095 21,790 * Ruth’s Hospitality Group Inc 541 37,197 * Scientific Games Corp (Class A) 1,433 30,308 * SeaWorld Entertainment, Inc 1,505 95,406 Service Corp International 4,870 15,620 * Shake Shack, Inc 1,761 48,601 * Six Flags Entertainment Corp 2,259 658,526 Starbucks Corp 71,957 11,328 Strategic Education, Inc 1,041 26,055 * Stride, Inc 785 21,327 *,e Target Hospitality Corp 54 75,406 * Terminix Global Holdings, Inc 3,595 40,109 * Texas Roadhouse, Inc (Class A) 3,848 42,519 Travel & Leisure Co 2,600 23,348 * Vail Resorts, Inc 6,810 41,530 * Vivint Smart Home, Inc 595 107,288 Wendy’s 2,174 17,626 Wingstop, Inc 2,242 26,120 * WW International Inc 817 51,637 Wyndham Hotels & Resorts, Inc 3,603 58,587 * Wynn Resorts Ltd 7,345 221,986 Yum China Holdings, Inc 13,144 166,225 Yum! Brands, Inc 17,982 TOTAL CONSUMER SERVICES 520,944

DIVERSIFIED FINANCIALS - 4.8% 24,496 Affiliated Managers Group, Inc 3,651 280,518 AGNC Investment Corp 4,702 8,948 Alerus Financial Corp 267 213,556 Ally Financial, Inc 9,655 368,900 American Express Co 52,177 66,165 Ameriprise Financial, Inc 15,380 743,506 Annaly Capital Management, Inc 6,394 68,911 Apollo Commercial Real Estate Finance, Inc 963 102,107 Apollo Global Management, Inc 4,800 61,262 Arbor Realty Trust, Inc 974 22,112 Ares Commercial Real Estate Corp 303 44,189 Ares Management Corp 2,476 16,506 * Arlington Asset Investment Corp (Class A) 67 26,163 ARMOUR Residential REIT, Inc 319 32,135 Artisan Partners Asset Management, Inc 1,677 8,796 * Assetmark Financial Holdings, Inc 205 4,316 Associated Capital Group, Inc 155 10,240 B. Riley Financial, Inc 577 21,466 Banco Latinoamericano de Exportaciones S.A. (Class E) 325 446,938 Bank of New York Mellon Corp 21,136 1,061,464 * Berkshire Hathaway, Inc (Class B) 271,172 166,153 BGC Partners, Inc (Class A) 803 83,440 BlackRock, Inc 62,910 73,790 Blackstone Mortgage Trust, Inc 2,288 30,473 * Blucora, Inc 507 40,173 Brightsphere Investment Group, Inc 819 76,557 Broadmark Realty Capital, Inc 801 48,331 * Cannae Holdings, Inc 1,915

VALUE SHARES COMPANY (000) 255,571 Capital One Financial Corp $ 32,516 71,072 Capstead Mortgage Corp 443 50,657 Carlyle Group, Inc 1,862 60,707 CBOE Global Markets, Inc 5,991 777,439 Charles Schwab Corp 50,674 7,464 Cherry Hill Mortgage Investment Corp 70 94,757 Chimera Investment Corp 1,203 200,815 CME Group, Inc 41,012 15,440 Cohen & Steers, Inc 1,009 7,402 Colony Credit Real Estate, Inc 63 18,127 Cowen Group, Inc 637 6,049 *,e Credit Acceptance Corp 2,179 7,834 Curo Group Holdings Corp 114 2,179 Diamond Hill Investment Group, Inc 340 175,968 Discover Financial Services 16,715 19,156 * Donnelley Financial Solutions, Inc 533 11,107 Dynex Capital, Inc 210 17,423 Ellington Financial Inc 279 17,368 *,e Encore Capital Group, Inc 699 23,911 * Enova International, Inc 848 210,922 Equitable Holdings, Inc 6,880 22,566 Evercore Inc 2,973 38,445 * Ezcorp, Inc (Class A) 191 19,222 Factset Research Systems, Inc 5,932 68,886 Federated Investors, Inc (Class B) 2,156 24,222 FirstCash, Inc 1,591 12,579 * Focus Financial Partners, Inc 524 135,894 Franklin Resources, Inc 4,022 4,049 GAMCO Investors, Inc (Class A) 75 187,460 Goldman Sachs Group, Inc 61,299 31,227 Granite Point Mortgage Trust, Inc 374 9,250 Great Ajax Corp 101 33,057 * Green Dot Corp 1,514 19,893 Greenhill & Co, Inc 328 18,233 Hamilton Lane, Inc 1,615 35,286 Hannon Armstrong Sustainable Infrastructure Capital, Inc 1,980 25,893 Houlihan Lokey, Inc 1,722 47,028 Interactive Brokers Group, Inc (Class A) 3,435 311,346 Intercontinental Exchange Group, Inc 34,771 215,498 Invesco Ltd 5,435 100,745 e Invesco Mortgage Capital, Inc 404 121,590 Jefferies Financial Group, Inc 3,660 305,123 KKR & Co, Inc 14,905 7,773 KKR Real Estate Finance Trust, Inc 143 49,932 Ladder Capital Corp 589 61,713 Lazard Ltd (Class A) 2,685 42,896 * LendingClub Corp 709 4,628 *,e LendingTree, Inc 986 44,209 LPL Financial Holdings, Inc 6,285 21,047 MarketAxess Holdings, Inc 10,480 6,533 Marlin Business Services Corp 89 270,747 MFA Financial Inc 1,102 26,390 Moelis & Co 1,448 91,615 Moody’s Corp 27,357

VALUE SHARES COMPANY (000) 787,402 Morgan Stanley $ 61,150 9,849 Morningstar, Inc 2,216 45,928 MSCI, Inc (Class A) 19,257 61,538 Nasdaq Inc 9,074 72,560 Navient Corp 1,038 5,920 Nelnet, Inc (Class A) 431 231,837 New Residential Investment Corp 2,608 225,109 New York Mortgage Trust, Inc 1,006 22,218 *,† NewStar Financial, Inc 5 107,408 Northern Trust Corp 11,290 37,084 OneMain Holdings, Inc 1,992 11,565 * Oportun Financial Corp 240 7,363 Oppenheimer Holdings, Inc 295 23,694 e Orchid Island Capital, Inc 142 47,765 PennyMac Mortgage Investment Trust 936 10,272 Piper Jaffray Cos 1,126 13,025 PJT Partners, Inc 881 33,753 * PRA Group, Inc 1,251 36,804 PROG Holdings, Inc 1,593 9,591 Pzena Investment Management, Inc (Class A) 101 66,436 Raymond James Financial, Inc 8,142 22,908 Ready Capital Corp 307 49,700 Redwood Trust, Inc 517 8,577 Regional Management Corp 297 135,596 S&P Global, Inc 47,848 16,951 * Safeguard Scientifics, Inc 116 37,572 Santander Consumer USA Holdings, Inc 1,017 10,879 Sculptor Capital Management, Inc 238 58,985 SEI Investments Co 3,594 5,338 Silvercrest Asset Management Group, Inc 77 211,103 SLM Corp 3,794 153,692 Starwood Property Trust, Inc 3,802 195,476 State Street Corp 16,422 11,043 StepStone Group, Inc 390 57,525 Stifel Financial Corp 3,685 11,369 * StoneX Group, Inc 743 329,434 Synchrony Financial 13,395 127,026 T Rowe Price Group, Inc 21,798 7,897 TPG RE Finance Trust, Inc 88 49,135 Tradeweb Markets, Inc 3,636 174,270 Two Harbors Investment Corp 1,277 7,809 *,e Upstart Holdings, Inc 1,006 37,412 Virtu Financial, Inc 1,162 4,800 Virtus Investment Partners, Inc 1,130 63,062 Voya Financial, Inc 4,013 22,709 Waddell & Reed Financial, Inc (Class A) 569 28,538 e Western Asset Mortgage Capital Corp 91 5,409 Westwood Holdings Group, Inc 78 84,317 WisdomTree Investments, Inc 527 4,248 *,e World Acceptance Corp 551 TOTAL DIVERSIFIED FINANCIALS 1,089,517

ENERGY - 2.6% 146,439 Antero Midstream Corp 1,322

VALUE SHARES COMPANY (000) 132,421 * Antero Resources Corp $ 1,351 241,520 * APA Corp 4,323 9,586 * Arch Resources, Inc 399 18,572 Archrock, Inc 176 20,832 * Ardmore Shipping Corp 95 11,564 * Aspen Aerogels, Inc 235 372,296 Baker Hughes Co 8,045 36,376 Berry Petroleum Co LLC 200 14,562 * Bonanza Creek Energy, Inc 520 10,396 Brigham Minerals, Inc 152 4,788 * Bristow Group, Inc 124 217,282 Cabot Oil & Gas Corp 4,081 16,011 Cactus, Inc 490 110,556 * ChampionX Corp 2,402 130,647 * Cheniere Energy, Inc 9,408 1,082,419 Chevron Corp 113,427 49,611 Cimarex Energy Co 2,946 96,211 * Clean Energy Fuels Corp 1,322 81,549 * CNX Resources Corp 1,199 771,212 ConocoPhillips 40,851 20,666 * CONSOL Energy, Inc 201 53,393 *,e Contango Oil & Gas Co 208 32,957 *,e Continental Resources, Inc 853 11,149 CVR Energy, Inc 214 26,329 Delek US Holdings, Inc 574 344,085 Devon Energy Corp 7,518 55,111 DHT Holdings, Inc 327 14,000 * Diamond S Shipping Inc 140 90,044 Diamondback Energy, Inc 6,617 9,586 * DMC Global, Inc 520 19,179 * Dorian LPG Ltd 252 27,635 * Dril-Quip, Inc 918 7,121 * Earthstone Energy, Inc 51 56,201 * Energy Fuels, Inc 319 335,801 EOG Resources, Inc 24,356 153,612 * EQT Corp 2,854 166,021 Equitrans Midstream Corp 1,355 17,517 Evolution Petroleum Corp 59 23,313 * Exterran Corp 78 2,388,067 d Exxon Mobil Corp 133,326 24,885 Falcon Minerals Corp 112 36,662 *,e Frank’s International NV 130 70,150 e Frontline Ltd 502 69,477 * Golar LNG Ltd 711 26,945 * Green Plains Inc 729 500,751 Halliburton Co 10,746 100,808 * Helix Energy Solutions Group, Inc 509 52,744 Helmerich & Payne, Inc 1,422 156,996 Hess Corp 11,109 97,848 HollyFrontier Corp 3,501 20,967 International Seaways, Inc 406 1,073,625 Kinder Morgan, Inc 17,876 234,852 * Kosmos Energy Ltd 721 9,873 * Liberty Oilfield Services, Inc 112

VALUE SHARES COMPANY (000) 65,268 * Magnolia Oil & Gas Corp $ 749 503,108 Marathon Oil Corp 5,373 370,118 Marathon Petroleum Corp 19,798 61,756 Matador Resources Co 1,448 86,947 Murphy Oil Corp 1,427 4,061 *,e Nabors Industries Ltd 380 3,180 Nacco Industries, Inc (Class A) 79 63,344 * Newpark Resources, Inc 199 76,759 * NexTier Oilfield Solutions, Inc 286 68,002 e Nordic American Tankers Ltd 221 256,371 * NOV, Inc 3,517 468,293 Occidental Petroleum Corp 12,466 71,446 * Oceaneering International, Inc 816 38,178 * Oil States International, Inc 230 254,378 ONEOK, Inc 12,887 26,237 * Overseas Shipholding Group, Inc 54 155,692 Ovintiv, Inc 3,709 23,180 * Par Pacific Holdings, Inc 327 150,779 Patterson-UTI Energy, Inc 1,075 14,770 * PBF Energy, Inc 209 44,499 * PDC Energy, Inc 1,531 10,090 *,e Penn Virginia Corp 135 249,606 Phillips 66 20,353 115,679 Pioneer Natural Resources Co 18,372 48,018 * ProPetro Holding Corp 512 139,657 * Range Resources Corp 1,443 21,719 * Renewable Energy Group, Inc 1,434 4,186 * Rex American Resources Corp 352 42,512 * RPC, Inc 230 794,502 Schlumberger Ltd 21,603 12,739 e Scorpio Tankers, Inc 235 6,869 * Select Energy Services, Inc 34 45,041 SFL Corp Ltd 361 80,594 SM Energy Co 1,319 6,855 Solaris Oilfield Infrastructure, Inc 84 271,987 * Southwestern Energy Co 1,265 13,911 * Talos Energy, Inc 168 141,390 Targa Resources Investments, Inc 4,489 39,279 *,e Tellurian, Inc 92 16,234 * Tidewater, Inc 203 328,145 *,e Transocean Ltd (NYSE) 1,165 95,169 *,e Uranium Energy Corp 272 58,687 * US Silica Holdings, Inc 721 233,145 Valero Energy Corp 16,693 14,396 *,e W&T Offshore, Inc 52 695,357 Williams Cos, Inc 16,473 29,960 World Fuel Services Corp 1,055 TOTAL ENERGY 598,290

FOOD & STAPLES RETAILING - 1.3% 87,310 e Albertsons Cos, Inc 1,665 19,849 Andersons, Inc 543 81,482 * BJ’s Wholesale Club Holdings, Inc 3,655 22,168 Casey’s General Stores, Inc 4,793

VALUE SHARES COMPANY (000) 14,374 * Chefs’ Warehouse Holdings, Inc $ 438 249,814 Costco Wholesale Corp 88,054 32,707 * Grocery Outlet Holding Corp 1,207 21,180 *,e HF Foods Group Inc 153 10,217 e Ingles Markets, Inc (Class A) 630 438,070 Kroger Co 15,766 6,410 Natural Grocers by Vitamin C 113 70,016 * Performance Food Group Co 4,034 14,866 Pricesmart, Inc 1,438 38,176 * Rite Aid Corp 781 27,344 SpartanNash Co 537 72,919 * Sprouts Farmers Market, Inc 1,941 276,422 SYSCO Corp 21,765 36,929 * United Natural Foods, Inc 1,216 129,589 * US Foods Holding Corp 4,940 4,843 Village Super Market (Class A) 114 408,367 Walgreens Boots Alliance, Inc 22,419 789,573 Walmart, Inc 107,248 4,684 Weis Markets, Inc 265 TOTAL FOOD & STAPLES RETAILING 283,715

FOOD, BEVERAGE & TOBACCO - 2.9% 2,296 Alico, Inc 69 1,045,962 Altria Group, Inc 53,511 305,549 Archer-Daniels-Midland Co 17,416 48,393 e B&G Foods, Inc (Class A) 1,503 29,996 *,e Beyond Meat, Inc 3,903 4,644 * Boston Beer Co, Inc (Class A) 5,602 21,579 Brown-Forman Corp (Class A) 1,374 99,618 Brown-Forman Corp (Class B) 6,871 76,112 Bunge Ltd 6,033 11,455 Calavo Growers, Inc 889 22,629 * Cal-Maine Foods, Inc 869 99,585 Campbell Soup Co 5,006 20,431 * Celsius Holdings, Inc 982 2,190,557 Coca-Cola Co 115,464 3,092 Coca-Cola Consolidated Inc 893 259,443 ConAgra Brands, Inc 9,755 88,839 Constellation Brands, Inc (Class A) 20,255 89,070 * Darling International, Inc 6,554 5,320 * Farmer Bros Co 56 103,413 Flowers Foods, Inc 2,461 20,613 Fresh Del Monte Produce, Inc 590 23,047 * Freshpet, Inc 3,660 345,141 General Mills, Inc 21,164 50,738 * Hain Celestial Group, Inc 2,212 81,896 Hershey Co 12,953 153,581 Hormel Foods Corp 7,338 57,996 * Hostess Brands, Inc 832 34,138 Ingredion, Inc 3,070 10,369 J&J Snack Foods Corp 1,628 62,685 J.M. Smucker Co 7,932 5,780 John B. Sanfilippo & Son, Inc 522 131,815 Kellogg Co 8,344

VALUE SHARES COMPANY (000) 394,246 Keurig Dr Pepper, Inc $ 13,550 356,168 Kraft Heinz Co 14,247 86,473 Lamb Weston Holdings, Inc 6,700 13,060 Lancaster Colony Corp 2,290 19,323 * Landec Corp 205 8,386 Limoneira Co 147 142,822 McCormick & Co, Inc 12,734 9,193 MGP Ingredients, Inc 544 100,662 * Molson Coors Brewing Co (Class B) 5,149 784,248 Mondelez International, Inc 45,902 206,228 * Monster Beverage Corp 18,785 17,148 e National Beverage Corp 839 46,743 * NewAge, Inc 134 785,993 PepsiCo, Inc 111,179 880,714 Philip Morris International, Inc 78,155 29,374 * Pilgrim’s Pride Corp 699 35,377 * Post Holdings, Inc 3,740 92,946 Primo Water Corp 1,511 11,652 Sanderson Farms, Inc 1,815 19 Seaboard Corp 70 5,451 * Seneca Foods Corp 257 40,880 * Simply Good Foods Co 1,244 11,995 e Tootsie Roll Industries, Inc 397 29,630 * TreeHouse Foods, Inc 1,548 4,760 Turning Point Brands, Inc 248 167,956 Tyson Foods, Inc (Class A) 12,479 13,804 Universal Corp 814 53,131 Vector Group Ltd 741 13,394 * Vital Farms, Inc 292 TOTAL FOOD, BEVERAGE & TOBACCO 666,126

HEALTH CARE EQUIPMENT & SERVICES - 6.3% 45,310 * 1Life Healthcare, Inc 1,771 977,603 Abbott Laboratories 117,156 25,665 * Abiomed, Inc 8,180 56,824 * Acadia Healthcare Co, Inc 3,247 18,841 *,e Accelerate Diagnostics, Inc 157 6,707 * Accolade, Inc 304 58,290 * Accuray, Inc 289 5,674 * Acutus Medical, Inc 76 42,027 * AdaptHealth Corp 1,545 5,501 * Addus HomeCare Corp 575 43,593 * Align Technology, Inc 23,607 97,466 * Allscripts Healthcare Solutions, Inc 1,463 31,277 * Alphatec Holdings Inc 494 17,538 * Amedisys, Inc 4,644 25,827 * American Well Corp 449 77,445 AmerisourceBergen Corp 9,144 31,962 * AMN Healthcare Services, Inc 2,356 26,107 * Angiodynamics, Inc 611 104,354 * Antares Pharma, Inc 429 140,546 Anthem, Inc 50,449 16,786 * Apollo Medical Holdings, Inc 455 45,045 * Aspira Women’s Health, Inc 304

VALUE SHARES COMPANY (000) 22,609 * AtriCure, Inc $ 1,481 1,019 Atrion Corp 654 33,829 * Avanos Medical, Inc 1,480 18,090 * AxoGen, Inc 367 9,978 * Axonics Modulation Technologies, Inc 598 290,979 Baxter International, Inc 24,541 162,562 Becton Dickinson & Co 39,527 7,927 * BioLife Solutions Inc 285 815,131 * Boston Scientific Corp 31,505 135,933 * Brookdale Senior Living, Inc 822 25,974 * Cantel Medical Corp 2,074 164,290 Cardinal Health, Inc 9,981 23,626 * Cardiovascular Systems, Inc 906 6,101 * Castle Biosciences, Inc 418 325,464 * Centene Corp 20,800 170,053 Cerner Corp 12,223 18,061 * Certara, Inc 493 71,510 * Cerus Corp 430 138,891 * Change Healthcare, Inc 3,070 9,197 Chemed Corp 4,229 193,995 Cigna Corp 46,896 15,433 *,e Co-Diagnostics, Inc 147 49,106 * Community Health Systems, Inc 664 8,700 Computer Programs & Systems, Inc 266 19,875 Conmed Corp 2,595 26,916 Cooper Cos, Inc 10,338 7,512 * Corvel Corp 771 66,022 * Covetrus, Inc 1,979 25,224 * Cross Country Healthcare, Inc 315 23,064 * CryoLife, Inc 521 16,944 *,e CryoPort, Inc 881 10,004 * Cutera, Inc 301 731,095 CVS Health Corp 55,000 19,235 * CytoSorbents Corp 167 355,849 Danaher Corp 80,095 41,271 * DaVita, Inc 4,448 130,875 Dentsply Sirona, Inc 8,351 52,388 * DexCom, Inc 18,828 4,541 * Eargo, Inc 227 348,603 * Edwards Lifesciences Corp 29,157 54,203 Encompass Health Corp 4,439 25,058 Ensign Group, Inc 2,351 90,976 * Envista Holdings Corp 3,712 27,058 * Enzo Biochem, Inc 93 45,708 * Evolent Health, Inc 923 7,703 *,e Fulgent Genetics, Inc 744 30,765 * GenMark Diagnostics, Inc 735 20,642 * Glaukos Corp 1,732 48,523 * Globus Medical, Inc 2,992 44,457 * Guardant Health, Inc 6,786 31,065 * Haemonetics Corp 3,449 23,398 * Hanger Inc 534 148,875 HCA Healthcare, Inc 28,039 11,667 * Health Catalyst, Inc 546

VALUE SHARES COMPANY (000) 41,555 * HealthEquity, Inc $ 2,826 18,780 * HealthStream, Inc 420 82,116 * Henry Schein, Inc 5,686 4,605 * Heska Corp 776 36,164 Hill-Rom Holdings, Inc 3,995 44,045 * HMS Holdings Corp 1,629 143,873 * Hologic, Inc 10,701 73,905 Humana, Inc 30,985 10,885 * ICU Medical, Inc 2,236 47,755 * IDEXX Laboratories, Inc 23,367 4,432 * Inari Medical, Inc 474 12,244 * Inogen, Inc 643 43,464 * Inovalon Holdings, Inc 1,251 15,579 * Inspire Medical Systems, Inc 3,225 38,127 * Insulet Corp 9,948 22,691 * Integer Holding Corp 2,090 34,017 * Integra LifeSciences Holdings Corp 2,350 18,642 * Intersect ENT, Inc 389 4,136 * IntriCon Corp 106 65,384 * Intuitive Surgical, Inc 48,315 23,110 Invacare Corp 185 16,105 *,e iRhythm Technologies, Inc 2,236 7,427 * Joint Corp 359 53,982 * Laboratory Corp of America Holdings 13,767 34,223 * Lantheus Holdings, Inc 731 9,523 LeMaitre Vascular, Inc 465 9,155 * LENSAR, Inc 66 17,004 * LHC Group, Inc 3,251 33,006 * LivaNova plc 2,434 16,931 * Magellan Health Services, Inc 1,579 26,610 * Masimo Corp 6,111 90,561 McKesson Corp 17,663 43,753 * MEDNAX, Inc 1,114 758,054 Medtronic plc 89,549 31,965 * Meridian Bioscience, Inc 839 35,220 * Merit Medical Systems, Inc 2,109 2,255 Mesa Laboratories, Inc 549 8,662 * ModivCare, Inc 1,283 33,870 * Molina Healthcare, Inc 7,917 7,753 National Healthcare Corp 604 5,598 * National Research Corp 262 24,197 * Natus Medical, Inc 620 27,873 * Neogen Corp 2,478 19,942 * Nevro Corp 2,782 37,773 * NextGen Healthcare, Inc 684 54,721 * Novocure Ltd 7,233 36,380 * NuVasive, Inc 2,385 50,750 * Oak Street Health, Inc 2,754 26,681 * Omnicell, Inc 3,465 4,594 *,e Ontrak, Inc 150 8,440 * OptimizeRx Corp 411 21,564 * Option Care Health, Inc 383 40,487 * OraSure Technologies, Inc 472 49,394 * Ortho Clinical Diagnostics Holdings plc 953

VALUE SHARES COMPANY (000) 12,159 * Orthofix Medical Inc $ 527 5,177 *,e OrthoPediatrics Corp 252 5,659 * Outset Medical, Inc 308 43,714 Owens & Minor, Inc 1,643 57,408 Patterson Cos, Inc 1,834 17,723 * Pennant Group, Inc 812 17,918 * Penumbra, Inc 4,848 5,304 *,e PetIQ, Inc 187 16,748 * Phreesia, Inc 873 69,502 Premier, Inc 2,353 15,686 * Progyny, Inc 698 6,596 * Pulmonx Corp 302 1,569 *,e Pulse Biosciences, Inc 37 76,286 Quest Diagnostics, Inc 9,791 20,943 * Quidel Corp 2,679 36,034 * Quotient Ltd 133 72,154 * R1 RCM, Inc 1,781 25,914 * RadNet, Inc 564 80,210 Resmed, Inc 15,562 37,335 *,e Rockwell Medical, Inc 43 17,095 * Schrodinger, Inc 1,304 15,644 * SeaSpine Holdings Corp 272 77,335 * Select Medical Holdings Corp 2,637 15,867 * Shockwave Medical Inc 2,067 10,272 * SI-BONE, Inc 327 10,185 *,e Sientra, Inc 74 12,617 * Signify Health, Inc 369 18,916 * Silk Road Medical Inc 958 7,680 Simulations Plus, Inc 486 26,141 * Staar Surgical Co 2,756 46,976 STERIS plc 8,948 194,861 Stryker Corp 47,464 38,631 * Surgalign Holdings, Inc 84 13,353 * Surgery Partners, Inc 591 10,275 * SurModics, Inc 576 6,560 *,e Tabula Rasa HealthCare, Inc 302 6,719 * Tactile Systems Technology, Inc 366 35,006 * Tandem Diabetes Care, Inc 3,089 60,341 * Teladoc, Inc 10,967 26,634 Teleflex, Inc 11,065 59,665 * Tenet Healthcare Corp 3,103 30,967 * Tivity Health, Inc 691 11,786 * Transmedics Group, Inc 489 18,960 * Triple-S Management Corp (Class B) 494 532,665 UnitedHealth Group, Inc 198,189 44,084 Universal Health Services, Inc (Class B) 5,880 9,158 e US Physical Therapy, Inc 953 2,349 e Utah Medical Products, Inc 203 7,211 *,e Vapotherm, Inc 173 27,229 * Varex Imaging Corp 558 49,189 * Varian Medical Systems, Inc 8,683 77,535 * Veeva Systems, Inc 20,255 20,450 * Viemed Healthcare, Inc 207 19,827 * ViewRay, Inc 86

VALUE SHARES COMPANY (000) 20,093 * Vocera Communications, Inc $ 773 41,732 West Pharmaceutical Services, Inc 11,759 120,493 Zimmer Biomet Holdings, Inc 19,289 9,856 *,e Zynex Inc 151 TOTAL HEALTH CARE EQUIPMENT & SERVICES 1,443,731

HOUSEHOLD & PERSONAL PRODUCTS - 1.5% 25,021 * BellRing Brands, Inc 591 7,431 * Central Garden & Pet Co 431 24,471 * Central Garden and Pet Co (Class A) 1,270 139,764 Church & Dwight Co, Inc 12,208 72,404 Clorox Co 13,965 476,899 Colgate-Palmolive Co 37,594 215,270 * Coty, Inc 1,940 41,449 Edgewell Personal Care Co 1,641 15,146 * elf Beauty, Inc 406 37,105 Energizer Holdings, Inc 1,761 127,705 Estee Lauder Cos (Class A) 37,143 48,450 * Herbalife Nutrition Ltd 2,149 12,258 Inter Parfums, Inc 870 186,772 Kimberly-Clark Corp 25,971 7,966 Medifast, Inc 1,687 5,868 Nature’s Sunshine Products, Inc 117 36,417 Nu Skin Enterprises, Inc (Class A) 1,926 3,981 Oil-Dri Corp of America 137 1,375,063 Procter & Gamble Co 186,225 8,319 * Revlon, Inc (Class A) 103 6,759 Reynolds Consumer Products, Inc 201 27,100 Spectrum Brands Holdings, Inc 2,304 8,349 * USANA Health Sciences, Inc 815 30,185 *,e Veru, Inc 325 7,178 WD-40 Co 2,198 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 333,978

INSURANCE - 2.1% 386,230 Aflac, Inc 19,767 8,152 * Alleghany Corp 5,106 169,524 Allstate Corp 19,478 32,424 * AMBAC Financial Group, Inc 543 39,602 American Equity Investment Life Holding Co 1,249 43,725 American Financial Group, Inc 4,989 496,335 American International Group, Inc 22,936 5,469 American National Group, Inc 590 13,468 Amerisafe, Inc 862 126,596 Aon plc 29,131 229,608 * Arch Capital Group Ltd 8,810 24,041 * Argo Group International Holdings Ltd 1,210 103,804 Arthur J. Gallagher & Co 12,952 35,672 Assurant, Inc 5,057 36,683 Assured Guaranty Ltd 1,551 53,840 * Athene Holding Ltd 2,714 49,119 Axis Capital Holdings Ltd 2,435 37,914 * Brighthouse Financial, Inc 1,678 131,778 Brown & Brown, Inc 6,024

VALUE SHARES COMPANY (000) 11,865 * BRP Group, Inc $ 323 252,515 Chubb Ltd 39,890 89,646 Cincinnati Financial Corp 9,242 32,879 *,e Citizens, Inc (Class A) 190 6,112 CNA Financial Corp 273 66,761 Conseco, Inc 1,622 7,812 Donegal Group, Inc (Class A) 116 15,165 * eHealth, Inc 1,103 23,170 Employers Holdings, Inc 998 5,156 * Enstar Group Ltd 1,272 12,595 Erie Indemnity Co (Class A) 2,782 22,208 Everest Re Group Ltd 5,503 7,071 FBL Financial Group, Inc (Class A) 395 10,321 FedNat Holding Co 48 156,733 Fidelity National Financial Inc 6,373 67,815 First American Financial Corp 3,842 311,286 * Genworth Financial, Inc (Class A) 1,033 52,364 Globe Life, Inc 5,060 24,045 * GoHealth, Inc 281 6,616 Goosehead Insurance, Inc 709 20,683 *,e Greenlight Capital Re Ltd (Class A) 180 15,929 Hanover Insurance Group, Inc 2,062 201,364 Hartford Financial Services Group, Inc 13,449 5,533 HCI Group, Inc 425 18,411 Heritage Insurance Holdings, Inc 204 29,606 Horace Mann Educators Corp 1,279 5,237 Independence Holding Co 209 1,119 Investors Title Co 186 12,617 James River Group Holdings Ltd 576 29,876 Kemper Corp 2,382 10,502 Kinsale Capital Group, Inc 1,731 18,738 *,e Lemonade, Inc 1,745 108,445 Lincoln National Corp 6,753 126,990 Loews Corp 6,512 7,340 * Markel Corp 8,365 283,311 Marsh & McLennan Cos, Inc 34,507 59,989 * MBIA, Inc 577 20,342 Mercury General Corp 1,237 431,658 Metlife, Inc 26,240 1,551 National Western Life Group, Inc 386 7,308 * NI Holdings, Inc 135 159,349 Old Republic International Corp 3,480 7,880 * Palomar Holdings, Inc 528 23,895 Primerica, Inc 3,532 160,225 Principal Financial Group 9,607 37,307 ProAssurance Corp 998 327,102 Progressive Corp 31,274 6,904 Protective Insurance Corp 158 221,134 Prudential Financial, Inc 20,145 37,637 Reinsurance Group of America, Inc (Class A) 4,744 28,312 RenaissanceRe Holdings Ltd 4,537 23,570 RLI Corp 2,630 11,093 Safety Insurance Group, Inc 935 35,222 Selective Insurance Group, Inc 2,555

VALUE SHARES COMPANY (000) 73,128 * Selectquote, Inc $ 2,158 51,271 * SiriusPoint Ltd 521 11,039 State Auto Financial Corp 218 15,315 Stewart Information Services Corp 797 22,143 Tiptree Inc 198 142,016 Travelers Cos, Inc 21,359 15,868 * Trupanion, Inc 1,209 16,104 United Fire Group Inc 560 12,682 United Insurance Holdings Corp 91 22,402 Universal Insurance Holdings, Inc 321 114,459 Unum Group 3,185 83,367 W.R. Berkley Corp 6,282 13,074 * Watford Holdings Ltd 453 1,751 White Mountains Insurance Group Ltd 1,952 70,758 Willis Towers Watson plc 16,195 TOTAL INSURANCE 477,899

MATERIALS - 2.9% 15,014 * Advanced Emissions Solutions, Inc 83 22,501 * AdvanSix, Inc 603 124,137 Air Products & Chemicals, Inc 34,925 65,198 Albemarle Corp 9,526 122,406 * Alcoa Corp 3,977 78,013 * Allegheny Technologies, Inc 1,643 848,308 Amcor plc 9,908 20,501 American Vanguard Corp 418 41,780 *,e Amyris, Inc 798 32,274 Aptargroup, Inc 4,572 57,334 * Arconic Corp 1,456 13,288 Ardagh Group S.A. 338 36,159 Ashland Global Holdings, Inc 3,210 47,576 Avery Dennison Corp 8,737 58,890 Avient Corp 2,784 113,646 * Axalta Coating Systems Ltd 3,362 19,086 Balchem Corp 2,394 177,552 Ball Corp 15,046 67,446 * Berry Global Group, Inc 4,141 31,457 Cabot Corp 1,650 31,590 Carpenter Technology Corp 1,300 63,694 Celanese Corp (Series A) 9,542 36,798 * Century Aluminum Co 650 127,807 CF Industries Holdings, Inc 5,800 5,158 Chase Corp 600 72,704 Chemours Co 2,029 11,678 * Clearwater Paper Corp 439 234,932 *,e Cleveland-Cliffs, Inc 4,724 119,550 * Coeur Mining, Inc 1,080 66,530 Commercial Metals Co 2,052 20,319 Compass Minerals International, Inc 1,274 423,054 Corteva, Inc 19,723 68,490 Crown Holdings, Inc 6,646 32,116 Domtar Corp 1,187 426,068 Dow, Inc 27,243 305,119 DuPont de Nemours, Inc 23,580

VALUE SHARES COMPANY (000) 18,480 * Eagle Materials, Inc $ 2,484 73,320 Eastman Chemical Co 8,074 141,037 Ecolab, Inc 30,192 111,084 Element Solutions, Inc 2,032 60,041 * Ferro Corp 1,012 47,286 *,† Ferroglobe plc 0 71,763 FMC Corp 7,938 16,526 * Forterra, Inc 384 814,176 * Freeport-McMoRan, Inc (Class B) 26,811 17,819 FutureFuel Corp 259 23,656 * GCP Applied Technologies, Inc 580 32,454 Glatfelter Corp 557 39,231 Gold Resource Corp 104 145,764 Graphic Packaging Holding Co 2,647 18,292 Greif, Inc (Class A) 1,043 3,993 Greif, Inc (Class B) 229 34,325 H.B. Fuller Co 2,159 15,846 Hawkins, Inc 531 9,402 Haynes International, Inc 279 335,463 Hecla Mining Co 1,909 119,837 Huntsman Corp 3,455 30,403 * Ingevity Corp 2,296 11,273 Innospec, Inc 1,158 141,279 International Flavors & Fragrances, Inc 19,724 222,463 International Paper Co 12,029 6,735 * Intrepid Potash, Inc 219 12,178 Kaiser Aluminum Corp 1,346 15,231 * Koppers Holdings, Inc 529 21,628 * Kraton Corp 791 14,288 Kronos Worldwide, Inc 219 296,310 Linde plc 83,008 93,236 * Livent Corp 1,615 61,245 Louisiana-Pacific Corp 3,397 145,406 LyondellBasell Industries NV 15,129 35,003 Martin Marietta Materials, Inc 11,755 14,781 Materion Corp 979 23,990 Minerals Technologies, Inc 1,807 201,587 Mosaic Co 6,372 18,118 Myers Industries, Inc 358 10,909 Neenah Inc 560 2,464 NewMarket Corp 937 454,255 Newmont Goldcorp Corp 27,378 149,512 * Novagold Resources Inc 1,310 162,746 Nucor Corp 13,064 90,414 * O-I Glass, Inc 1,333 85,291 Olin Corp 3,238 6,559 Olympic Steel, Inc 193 38,461 * Orion Engineered Carbons SA 758 53,238 Packaging Corp of America 7,159 22,477 Pactiv Evergreen, Inc 309 131,569 PPG Industries, Inc 19,770 20,162 PQ Group Holdings, Inc 337 9,399 Quaker Chemical Corp 2,291 16,208 * Ranpak Holdings Corp 325

VALUE SHARES COMPANY (000) 31,957 * Rayonier Advanced Materials, Inc $ 290 31,705 Reliance Steel & Aluminum Co 4,828 41,577 Royal Gold, Inc 4,474 68,580 RPM International, Inc 6,299 8,418 * Ryerson Holding Corp 143 19,399 Schnitzer Steel Industries, Inc (Class A) 811 20,766 Schweitzer-Mauduit International, Inc 1,017 22,512 Scotts Miracle-Gro Co (Class A) 5,515 93,004 Sealed Air Corp 4,261 23,291 Sensient Technologies Corp 1,817 46,199 Sherwin-Williams Co 34,095 30,024 Silgan Holdings, Inc 1,262 46,787 Sonoco Products Co 2,962 40,287 Southern Copper Corp (NY) 2,734 120,908 Steel Dynamics, Inc 6,137 14,267 Stepan Co 1,813 45,056 * Summit Materials, Inc 1,262 48,451 SunCoke Energy, Inc 340 29,755 * TimkenSteel Corp 350 15,246 * Trecora Resources 118 19,671 Tredegar Corp 295 23,427 Trinseo S.A. 1,492 47,159 Tronox Holdings plc 863 4,630 * UFP Technologies, Inc 231 1,357 United States Lime & Minerals, Inc 181 146,037 United States Steel Corp 3,822 11,048 * US Concrete, Inc 810 92,954 Valvoline, Inc 2,423 22,885 Verso Corp 334 75,562 Vulcan Materials Co 12,751 32,691 W R Grace & Co 1,957 11,178 Warrior Met Coal, Inc 191 24,489 Westlake Chemical Corp 2,174 148,721 WestRock Co 7,741 13,987 Worthington Industries, Inc 938 TOTAL MATERIALS 668,543

MEDIA & ENTERTAINMENT - 8.5% 431,779 Activision Blizzard, Inc 40,155 169,383 * Alphabet, Inc (Class A) 349,356 164,066 * Alphabet, Inc (Class C) 339,392 127,044 * Altice USA, Inc 4,133 212,162 *,e AMC Entertainment Holdings, Inc 2,166 16,067 * AMC Networks, Inc 854 7,354 * Boston Omaha Corp 217 3,042 Cable One, Inc 5,562 15,383 * Cardlytics, Inc 1,688 51,402 * Cargurus, Inc 1,225 51,951 * Cars.com, Inc 673 79,181 * Charter Communications, Inc 48,856 76,895 * Cinemark Holdings, Inc 1,569 2,567,373 Comcast Corp (Class A) 138,921 31,610 * comScore, Inc 116 772 * Daily Journal Corp 244

VALUE SHARES COMPANY (000) 89,117 * Discovery, Inc (Class A) $ 3,873 165,600 * Discovery, Inc (Class C) 6,109 124,002 * DISH Network Corp (Class A) 4,489 162,180 Electronic Arts, Inc 21,954 11,002 * Emerald Holding, Inc 61 88,350 * Entercom Communications Corp (Class A) 464 50,932 Entravision Communications Corp (Class A) 206 20,620 * Eros STX Global Corp 37 23,593 * Eventbrite Inc 523 8,345 * EverQuote Inc 303 42,935 EW Scripps Co (Class A) 827 1,354,933 * Facebook, Inc 399,068 10,504 * Fluent, Inc 43 186,618 Fox Corp (Class A) 6,739 87,909 Fox Corp (Class B) 3,071 6,584 * Gaia, Inc 78 74,491 * Gannett Co, Inc 401 54,344 * Glu Mobile, Inc 678 46,930 Gray Television, Inc 863 11,523 * Hemisphere Media Group, Inc 134 42,355 * IAC/InterActive Corp 9,162 35,623 * iHeartMedia, Inc 647 42,177 * Imax Corp 848 230,004 Interpublic Group of Cos, Inc 6,716 30,218 John Wiley & Sons, Inc (Class A) 1,638 7,655 *,e Liberty Braves Group (Class A) 218 25,374 * Liberty Braves Group (Class C) 706 12,929 * Liberty Broadband Corp (Class A) 1,877 89,605 * Liberty Broadband Corp (Class C) 13,454 15,619 * Liberty Media Group (Class A) 597 123,792 * Liberty Media Group (Class C) 5,359 50,898 * Liberty SiriusXM Group (Class A) 2,244 98,761 * Liberty SiriusXM Group (Class C) 4,356 53,282 * Liberty TripAdvisor Holdings, Inc 340 37,150 *,e Lions Gate Entertainment Corp (Class A) 555 71,817 * Lions Gate Entertainment Corp (Class B) 926 82,220 * Live Nation, Inc 6,960 9,932 Loral Space & Communications, Inc 374 13,200 * Madison Square Garden Co 2,369 13,200 * Madison Square Garden Entertainment Corp 1,080 14,211 *,e Marcus Corp 284 123,644 * Match Group, Inc 16,986 6,104 * MediaAlpha, Inc 216 5,731 * Meredith Corp 171 43,336 * MSG Networks, Inc 652 46,358 National CineMedia, Inc 214 240,995 * Netflix, Inc 125,717 89,935 New York Times Co (Class A) 4,552 232,243 News Corp (Class A) 5,906 50,219 News Corp (Class B) 1,178 19,748 Nexstar Media Group Inc 2,773 120,575 Omnicom Group, Inc 8,941 226,806 * Pinterest, Inc 16,790 42,908 * Playtika Holding Corp 1,168

VALUE SHARES COMPANY (000) 20,643 * QuinStreet, Inc $ 419 61,383 * Roku, Inc 19,997 3,161 * Saga Communications, Inc 69 19,984 Scholastic Corp 602 42,650 Sinclair Broadcast Group, Inc (Class A) 1,248 604,849 e Sirius XM Holdings, Inc 3,684 74,275 * Spotify Technology S.A. 19,902 65,316 * Take-Two Interactive Software, Inc 11,541 12,153 * TechTarget, Inc 844 119,764 TEGNA, Inc 2,255 15,283 * Tribune Publishing Co 275 56,597 * TripAdvisor, Inc 3,044 44,667 * TrueCar, Inc 214 440,175 * Twitter, Inc 28,008 4,594 ViacomCBS, Inc (Class A) 217 305,622 ViacomCBS, Inc (Class B) 13,784 1,022,489 * Walt Disney Co 188,670 15,148 * WideOpenWest, Inc 206 27,047 World Wrestling Entertainment, Inc (Class A) 1,468 41,665 * Yelp, Inc 1,625 30,754 * Zillow Group, Inc (Class A) 4,040 82,774 * Zillow Group, Inc (Class C) 10,731 549,506 * Zynga, Inc 5,610 TOTAL MEDIA & ENTERTAINMENT 1,949,475

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2% 32,568 * 10X Genomics, Inc 5,895 994,017 AbbVie, Inc 107,573 35,579 *,e Abeona Therapeutics, Inc 67 70,913 * Acadia Pharmaceuticals, Inc 1,830 27,490 * Acceleron Pharma, Inc 3,728 41,261 * Adaptive Biotechnologies Corp 1,661 42,500 *,e ADMA Biologics, Inc 75 36,900 * Adverum Biotechnologies, Inc 364 25,056 * Aeglea BioTherapeutics, Inc 198 21,807 * Aerie Pharmaceuticals, Inc 390 43,765 * Affimed NV 346 56,789 * Agenus, Inc 154 171,899 Agilent Technologies, Inc 21,855 34,493 * Agios Pharmaceuticals, Inc 1,781 62,063 * Akebia Therapeutics, Inc 210 6,662 *,e Akero Therapeutics, Inc 193 8,375 * Akouos, Inc 116 6,175 * Albireo Pharma, Inc 218 34,164 *,† Alder Biopharmaceuticals Inc 30 19,353 * Alector, Inc 390 124,174 * Alexion Pharmaceuticals, Inc 18,987 110,420 * Alkermes plc 2,063 12,247 * Allakos, Inc 1,406 28,864 * Allogene Therapeutics, Inc 1,019 10,335 * Allovir, Inc 242 68,830 * Alnylam Pharmaceuticals, Inc 9,718 5,521 * ALX Oncology Holdings, Inc 407 331,439 Amgen, Inc 82,465

VALUE SHARES COMPANY (000) 151,298 * Amicus Therapeutics, Inc $ 1,495 53,162 * Amneal Pharmaceuticals, Inc 358 25,774 * Amphastar Pharmaceuticals, Inc 472 12,566 * AnaptysBio, Inc 271 30,524 *,e Anavex Life Sciences Corp 456 5,767 * ANI Pharmaceuticals, Inc 208 10,943 * Anika Therapeutics, Inc 446 8,875 * Annexon, Inc 247 43,255 * Apellis Pharmaceuticals, Inc 1,856 7,158 * Applied Molecular Transport, Inc 315 2,776 * Applied Therapeutics, Inc 52 4,282 *,e Aprea Therapeutics, Inc 22 7,756 * Arcturus Therapeutics Holdings, Inc 320 20,717 * Arcus Biosciences, Inc 582 5,644 * Arcutis Biotherapeutics, Inc 163 22,973 * Ardelyx, Inc 152 33,642 * Arena Pharmaceuticals, Inc 2,334 58,978 * Arrowhead Pharmaceuticals Inc 3,911 11,368 * Arvinas, Inc 751 10,043 * Assembly Biosciences, Inc 46 34,194 * Atara Biotherapeutics, Inc 491 8,237 * Atea Pharmaceuticals, Inc 509 28,525 * Athenex, Inc 123 52,762 *,e Athersys, Inc 95 7,303 * Athira Pharma, Inc 134 12,676 * Atreca, Inc 194 284,322 * Avantor, Inc 8,225 33,858 * Avid Bioservices, Inc 617 9,645 * Avidity Biosciences, Inc 210 13,157 * Avrobio, Inc 167 15,727 * Axsome Therapeutics, Inc 890 22,668 *,e Beam Therapeutics, Inc 1,814 5,427 * Berkeley Lights, Inc 273 6,481 * BioAtla, Inc 330 68,998 *,e BioCryst Pharmaceuticals, Inc 702 52,671 * BioDelivery Sciences International, Inc 206 87,789 * Biogen, Inc 24,559 28,080 * Biohaven Pharmaceutical Holding Co Ltd 1,919 108,133 * BioMarin Pharmaceutical, Inc 8,165 12,637 * Bio-Rad Laboratories, Inc (Class A) 7,218 22,186 Bio-Techne Corp 8,474 6,302 *,e Bioxcel Therapeutics Inc 272 7,321 * Black Diamond Therapeutics, Inc 178 33,689 * Bluebird Bio, Inc 1,016 28,144 * Blueprint Medicines Corp 2,736 7,102 *,e Bolt Biotherapeutics, Inc 234 15,901 *,e BrainStorm Cell Therapeutics, Inc 61 53,186 * Bridgebio Pharma, Inc 3,276 1,276,515 Bristol-Myers Squibb Co 80,586 63,170 Bruker BioSciences Corp 4,061 5,973 *,e C4 Therapeutics, Inc 221 21,820 * Calithera Biosciences, Inc 53 5,849 *,e Calyxt, Inc 35 19,366 *,e Cara Therapeutics, Inc 420

VALUE SHARES COMPANY (000) 21,908 * CareDx, Inc $ 1,492 33,837 * CASI Pharmaceuticals, Inc 81 18,297 *,e Cassava Sciences, Inc 822 90,837 * Catalent, Inc 9,566 50,782 * Catalyst Pharmaceuticals, Inc 234 20,222 *,e CEL-SCI Corp 308 27,950 * Charles River Laboratories International, Inc 8,101 26,464 * ChemoCentryx, Inc 1,356 21,853 * Chiasma, Inc 68 30,594 * Chimerix, Inc 295 7,917 * Chinook Therapeutics, Inc 123 23,081 *,e ChromaDex Corp 216 28,650 *,e Clovis Oncology, Inc 201 23,538 * Codexis, Inc 539 27,864 * Coherus Biosciences, Inc 407 16,286 * Collegium Pharmaceutical, Inc 386 11,239 * Concert Pharmaceuticals, Inc 56 9,720 * Constellation Pharmaceuticals, Inc 227 32,828 *,e Corbus Pharmaceuticals Holdings, Inc 65 65,375 * Corcept Therapeutics, Inc 1,555 7,159 *,e Cortexyme Inc 258 16,128 * Crinetics Pharmaceuticals, Inc 246 11,975 * Cue Biopharma, Inc 146 7,345 * Cullinan Oncology, Inc 306 39,943 * Cymabay Therapeutics, Inc 181 30,153 * Cytokinetics, Inc 701 21,311 * CytomX Therapeutics, Inc 165 22,263 * Deciphera Pharmaceuticals, Inc 998 35,588 * Denali Therapeutics, Inc 2,032 5,728 *,e DermTech, Inc 291 30,105 * Dicerna Pharmaceuticals, Inc 770 117,742 * Durect Corp 233 35,256 *,e Dynavax Technologies Corp 347 6,368 * Eagle Pharmaceuticals, Inc 266 35,681 * Editas Medicine, Inc 1,499 14,062 * Eiger BioPharmaceuticals, Inc 124 242,355 * Elanco Animal Health, Inc 7,137 477,940 Eli Lilly & Co 89,289 14,575 *,e Eloxx Pharmaceuticals, Inc 48 24,015 * Emergent Biosolutions, Inc 2,231 11,786 * Enanta Pharmaceuticals, Inc 581 161,263 * Endo International plc 1,195 56,660 * Epizyme, Inc 494 9,694 *,e Esperion Thereapeutics, Inc 272 13,985 *,e Evofem Biosciences Inc 24 85,635 * Exact Sciences Corp 11,285 189,826 * Exelixis, Inc 4,288 42,216 * Fate Therapeutics, Inc 3,481 50,667 * FibroGen, Inc 1,759 19,800 * Five Prime Therapeutics, Inc 746 19,463 *,e Flexion Therapeutics, Inc 174 20,851 *,e Fluidigm Corp 94 9,293 * Forma Therapeutics Holdings, Inc 260 16,778 *,e Frequency Therapeutics, Inc 159

VALUE SHARES COMPANY (000) 20,311 * G1 Therapeutics, Inc $ 489 7,088 * Generation Bio Co 202 114,325 *,e Geron Corp 181 708,472 Gilead Sciences, Inc 45,789 36,433 * Global Blood Therapeutics, Inc 1,485 22,784 * GlycoMimetics, Inc 69 12,922 * Gossamer Bio, Inc 120 79,065 * Halozyme Therapeutics, Inc 3,296 52,161 * Heron Therapeutics, Inc 846 11,341 * Homology Medicines, Inc 107 109,952 * Horizon Therapeutics Plc 10,120 2,211 *,e IGM Biosciences, Inc 170 83,999 * Illumina, Inc 32,261 17,123 *,e ImmunityBio, Inc 407 65,469 * Immunogen, Inc 530 11,380 * Immunovant, Inc 183 110,207 * Incyte Corp 8,957 4,616 * Inhibrx, Inc 93 55,553 * Innoviva, Inc 664 85,599 *,e Inovio Pharmaceuticals, Inc 794 60,247 * Insmed, Inc 2,052 28,468 * Intellia Therapeutics, Inc 2,285 12,921 * Intercept Pharmaceuticals, Inc 298 25,348 * Intra-Cellular Therapies, Inc 860 68,678 *,e Invitae Corp 2,624 79,163 * Ionis Pharmaceuticals, Inc 3,559 74,052 * Iovance Biotherapeutics, Inc 2,344 107,122 * IQVIA Holdings, Inc 20,690 95,014 * Ironwood Pharmaceuticals, Inc 1,062 11,046 * iTeos Therapeutics, Inc 378 26,875 * IVERIC bio, Inc 166 32,370 * Jazz Pharmaceuticals plc 5,321 1,487,905 Johnson & Johnson 244,537 4,482 * Jounce Therapeutics, Inc 46 47,099 * Kadmon Holdings, Inc 183 5,857 *,e Kala Pharmaceuticals, Inc 39 10,666 * KalVista Pharmaceuticals Inc 274 9,228 * Karuna Therapeutics, Inc 1,109 46,110 *,e Karyopharm Therapeutics, Inc 485 4,158 * Keros Therapeutics, Inc 256 15,620 * Kindred Biosciences, Inc 78 11,321 * Kiniksa Pharmaceuticals Ltd 210 7,565 * Kinnate Biopharma, Inc 236 15,063 *,e Kodiak Sciences, Inc 1,708 8,299 * Kronos Bio, Inc 243 5,660 * Krystal Biotech Inc 436 31,598 * Kura Oncology, Inc 893 5,728 * Kymera Therapeutics, Inc 223 12,410 *,e La Jolla Pharmaceutical Co 53 19,506 *,e Lannett Co, Inc 103 30,110 * Lexicon Pharmaceuticals, Inc 177 8,586 * Ligand Pharmaceuticals, Inc (Class B) 1,309 31,134 Luminex Corp 993 23,459 * MacroGenics, Inc 747

VALUE SHARES COMPANY (000) 3,934 *,e Madrigal Pharmaceuticals, Inc $ 460 94,899 *,e MannKind Corp 372 37,822 * Maravai LifeSciences Holdings, Inc 1,348 6,168 *,e Marinus Pharmaceuticals, Inc 95 22,034 *,e MediciNova, Inc 111 17,824 * Medpace Holdings, Inc 2,924 61,495 * MEI Pharma, Inc 211 10,086 * MeiraGTx Holdings plc 146 1,425,469 Merck & Co, Inc 109,889 27,294 * Mersana Therapeutics, Inc 442 13,612 * Mettler-Toledo International, Inc 15,731 18,922 * Minerva Neurosciences, Inc 55 21,876 * Mirati Therapeutics, Inc 3,747 160,850 * Moderna, Inc 21,063 33,966 * Molecular Templates, Inc 429 8,159 * Morphic Holding, Inc 516 46,607 * Myriad Genetics, Inc 1,419 22,499 * NanoString Technologies, Inc 1,478 39,201 * Natera, Inc 3,980 106,507 * Nektar Therapeutics 2,130 58,635 * NeoGenomics, Inc 2,828 17,673 * Neoleukin Therapeutics, Inc 218 57,167 * Neurocrine Biosciences, Inc 5,560 8,857 * NextCure Inc 89 15,360 * NGM Biopharmaceuticals Inc 447 9,374 *,e Nkarta, Inc 308 34,678 * Novavax, Inc 6,287 6,406 *,e Nurix Therapeutics, Inc 199 13,115 * Ocular Therapeutix, Inc 215 6,792 * Olema Pharmaceuticals, Inc 225 29,642 *,e Omeros Corp 528 238,337 *,e Opko Health, Inc 1,022 10,903 *,e Optinose, Inc 40 13,691 * Organogenesis Holdings Inc 249 5,193 * ORIC Pharmaceuticals, Inc 127 25,504 *,e Ovid therapeutics, Inc 103 100,456 * Pacific Biosciences of California, Inc 3,346 28,237 * Pacira BioSciences Inc 1,979 7,023 *,e Pandion Therapeutics, Inc 422 17,330 * Paratek Pharmaceuticals, Inc 122 8,093 * Passage Bio, Inc 141 66,642 PerkinElmer, Inc 8,550 81,033 Perrigo Co plc 3,279 11,655 * Personalis, Inc 287 3,137,783 Pfizer, Inc 113,682 6,396 * Phathom Pharmaceuticals, Inc 240 12,927 Phibro Animal Health Corp 315 24,527 * Pieris Pharmaceuticals, Inc 63 13,444 *,e Pliant Therapeutics, Inc 529 7,763 * PMV Pharmaceuticals, Inc 255 91,338 * PPD, Inc 3,456 34,913 * PRA Health Sciences, Inc 5,353 6,265 * Praxis Precision Medicines, Inc 205 39,456 *,e Precigen, Inc 272

VALUE SHARES COMPANY (000) 22,592 * Precision BioSciences Inc $ 234 5,217 * Prelude Therapeutics, Inc 226 38,233 * Prestige Consumer Healthcare, Inc. 1,685 51,583 *,† Progenics Pharmaceuticals, Inc 0 13,443 * Protagonist Therapeutics, Inc 348 27,579 * Prothena Corp plc 693 25,243 *,e Provention Bio, Inc 265 37,990 * PTC Therapeutics, Inc 1,799 20,506 * Puma Biotechnology, Inc 199 125,141 * QIAGEN NV 6,093 6,148 *,e Quanterix Corp 359 27,010 * Radius Health, Inc 563 6,533 * RAPT Therapeutics, Inc 145 12,412 * Reata Pharmaceuticals, Inc 1,237 8,471 * Recro Pharma, Inc 24 55,370 * Regeneron Pharmaceuticals, Inc 26,198 19,715 * REGENXBIO, Inc 672 18,557 * Relay Therapeutics, Inc 642 8,368 *,e Relmada Therapeutics, Inc 295 30,248 * Repligen Corp 5,881 10,254 * Replimune Group, Inc 313 33,815 * Revance Therapeutics, Inc 945 23,908 * REVOLUTION Medicines, Inc 1,097 6,147 * Rhythm Pharmaceuticals, Inc 131 86,450 * Rigel Pharmaceuticals, Inc 296 20,281 * Rocket Pharmaceuticals, Inc 900 180,548 e Royalty Pharma plc 7,876 22,395 *,e Rubius Therapeutics, Inc 593 32,762 * Sage Therapeutics, Inc 2,452 15,005 * Sana Biotechnology, Inc 502 52,234 * Sangamo Therapeutics Inc 655 44,554 * Sarepta Therapeutics, Inc 3,321 5,477 * Satsuma Pharmaceuticals, Inc 32 13,353 *,e Scholar Rock Holding Corp 676 72,859 * Seagen, Inc 10,117 8,105 *,e Seer, Inc 405 13,345 * Seres Therapeutics, Inc 275 7,447 * Shattuck Labs, Inc 218 35,191 * SIGA Technologies, Inc 229 7,098 * Silverback Therapeutics, Inc 310 6,168 * Solid Biosciences, Inc 34 127,563 *,e Sorrento Therapeutics, Inc 1,055 30,281 * Sotera Health Co 756 56,104 * Spectrum Pharmaceuticals, Inc 183 6,568 * SpringWorks Therapeutics, Inc 483 10,464 * Stoke Therapeutics, Inc 406 34,621 * Supernus Pharmaceuticals, Inc 906 15,843 * Sutro Biopharma, Inc 361 6,983 * Syndax Pharmaceuticals, Inc 156 39,474 * Syneos Health, Inc 2,994 9,466 * Syros Pharmaceuticals, Inc 71 9,709 * TCR2 Therapeutics Inc 214 57,481 * TG Therapeutics, Inc 2,771 114,084 *,e TherapeuticsMD, Inc 153

VALUE SHARES COMPANY (000) 29,259 *,e Theravance Biopharma, Inc $ 597 222,842 Thermo Fisher Scientific, Inc 101,701 18,965 * Translate Bio, Inc 313 25,726 * Travere Therapeutics, Inc 642 7,799 * Tricida, Inc 41 17,419 * Turning Point Therapeutics Inc 1,648 26,284 * Twist Bioscience Corp 3,256 68,656 *,e Tyme Technologies, Inc 122 33,751 * Ultragenyx Pharmaceutical, Inc 3,843 28,234 * United Therapeutics Corp 4,723 16,428 *,e UNITY Biotechnology, Inc 99 12,098 *,e UroGen Pharma Ltd 236 31,395 * Vanda Pharmaceuticals, Inc 472 30,212 *,e Vaxart Inc 183 10,502 *,e Vaxcyte, Inc 207 102,172 *,e VBI Vaccines, Inc 318 29,749 * Veracyte, Inc 1,599 97,480 *,e Verastem, Inc 241 24,994 * Vericel Corp 1,388 146,431 * Vertex Pharmaceuticals, Inc 31,467 680,939 * Viatris, Inc 9,513 29,514 *,e Viking Therapeutics, Inc 187 27,553 *,e Vir Biotechnology, Inc 1,413 6,387 * Vor BioPharma, Inc 275 8,673 * Voyager Therapeutics, Inc 41 36,641 * Waters Corp 10,412 39,150 * WaVe Life Sciences Ltd 220 11,934 * XBiotech, Inc 205 27,098 * Xencor, Inc 1,167 13,141 * Y-mAbs Therapeutics, Inc 397 6,160 * Zentalis Pharmaceuticals, Inc 267 90,754 *,e ZIOPHARM Oncology, Inc 327 268,159 Zoetis, Inc 42,230 33,098 * Zogenix, Inc 646 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 1,634,547

REAL ESTATE - 3.2% 36,029 Acadia Realty Trust 683 31,682 Agree Realty Corp 2,133 47,563 Alexander & Baldwin, Inc 799 1,329 Alexander’s, Inc 369 74,271 Alexandria Real Estate Equities, Inc 12,203 8,343 *,e Altisource Portfolio Solutions S.A. 77 28,646 American Assets Trust, Inc 929 84,782 American Campus Communities, Inc 3,660 68,972 American Finance Trust, Inc 677 140,940 American Homes 4 Rent 4,699 247,933 American Tower Corp 59,271 133,721 Americold Realty Trust 5,144 79,626 Apartment Income REIT Corp 3,405 79,626 Apartment Investment and Management Co 489 113,878 Apple Hospitality REIT, Inc 1,659 31,681 Armada Hoffler Properties, Inc 397 80,469 AvalonBay Communities, Inc 14,847

VALUE SHARES COMPANY (000) 16,903 Bluerock Residential Growth REIT, Inc $ 171 86,787 Boston Properties, Inc 8,788 121,360 Brandywine Realty Trust 1,567 188,541 Brixmor Property Group, Inc 3,814 20,157 Broadstone Net Lease, Inc 369 43,270 e Brookfield Property REIT, Inc 777 56,479 Camden Property Trust 6,208 50,740 CareTrust REIT, Inc 1,181 29,192 CatchMark Timber Trust, Inc 297 183,350 * CBRE Group, Inc 14,505 9,060 Centerspace 616 28,285 * Chatham Lodging Trust 372 21,833 City Office REIT, Inc 232 10,462 Clipper Realty, Inc 83 350,580 * Colony Capital, Inc 2,272 35,353 Columbia Property Trust, Inc 605 9,586 Community Healthcare Trust, Inc 442 7,951 * CorePoint Lodging, Inc 72 24,055 Coresite Realty 2,883 72,219 Corporate Office Properties Trust 1,902 84,914 Cousins Properties, Inc 3,002 234,899 Crown Castle International Corp 40,433 3,998 CTO Realty Growth, Inc 208 114,248 CubeSmart 4,322 66,192 * Cushman & Wakefield plc 1,080 65,743 CyrusOne, Inc 4,452 144,818 * DiamondRock Hospitality Co 1,492 156,128 Digital Realty Trust, Inc 21,989 136,618 Diversified Healthcare Trust 653 102,445 Douglas Emmett, Inc 3,217 204,536 Duke Realty Corp 8,576 45,779 Easterly Government Properties, Inc 949 23,644 EastGroup Properties, Inc 3,388 82,308 Empire State Realty Trust, Inc 916 45,571 EPR Properties 2,123 50,248 Equinix, Inc 34,148 62,602 Equity Commonwealth 1,740 96,734 Equity Lifestyle Properties, Inc 6,156 209,454 Equity Residential 15,003 50,764 Essential Properties Realty Trust, Inc 1,159 39,045 Essex Property Trust, Inc 10,614 28,436 *,e eXp World Holdings Inc 1,295 72,420 Extra Space Storage, Inc 9,599 19,962 e Farmland Partners, Inc 224 43,819 Federal Realty Investment Trust 4,445 67,202 First Industrial Realty Trust, Inc 3,077 425 * Forestar Group, Inc 10 44,705 Four Corners Property Trust, Inc 1,225 72,511 Franklin Street Properties Corp 395 4,942 * FRP Holdings, Inc 243 113,795 Gaming and Leisure Properties, Inc 4,828 42,598 e Geo Group, Inc 331 18,198 Getty Realty Corp 515 17,811 Gladstone Commercial Corp 348

VALUE SHARES COMPANY (000) 11,325 Gladstone Land Corp $ 207 10,990 Global Medical REIT, Inc 144 44,961 Global Net Lease, Inc 812 82,789 Healthcare Realty Trust, Inc 2,510 142,087 Healthcare Trust of America, Inc 3,919 322,762 Healthpeak Properties Inc 10,244 27,708 * Hersha Hospitality Trust 292 59,455 Highwoods Properties, Inc 2,553 393,682 * Host Hotels and Resorts, Inc 6,634 22,285 * Howard Hughes Corp 2,120 96,055 Hudson Pacific Properties 2,606 48,914 Independence Realty Trust, Inc 744 34,891 Industrial Logistics Properties Trust 807 12,344 e Innovative Industrial Properties, Inc 2,224 304,970 Invitation Homes, Inc 9,756 151,368 Iron Mountain, Inc 5,602 49,646 e iStar Inc 883 64,898 JBG SMITH Properties 2,063 28,996 * Jones Lang LaSalle, Inc 5,191 84,885 Kennedy-Wilson Holdings, Inc 1,716 60,054 Kilroy Realty Corp 3,941 238,176 Kimco Realty Corp 4,466 55,102 Kite Realty Group Trust 1,063 51,720 Lamar Advertising Co 4,858 144,484 Lexington Realty Trust 1,605 38,718 Life Storage, Inc 3,328 26,668 LTC Properties, Inc 1,113 85,142 Macerich Co 996 65,387 Mack-Cali Realty Corp 1,012 11,498 * Marcus & Millichap, Inc 388 4,532 * Maui Land & Pineapple Co, Inc 52 294,106 Medical Properties Trust, Inc 6,259 63,650 Mid-America Apartment Communities, Inc 9,189 50,307 Monmouth Real Estate Investment Corp (Class A) 890 19,871 National Health Investors, Inc 1,436 104,817 National Retail Properties, Inc 4,619 31,451 National Storage Affiliates Trust 1,256 12,422 NETSTREIT Corp 230 55,714 New Senior Investment Group, Inc 347 22,112 Newmark Group, Inc 221 12,730 NexPoint Residential Trust, Inc 587 23,677 Office Properties Income Trust 652 129,929 Omega Healthcare Investors, Inc 4,759 9,166 One Liberty Properties, Inc 204 76,197 * Outfront Media, Inc 1,663 73,752 Paramount Group, Inc 747 132,332 * Park Hotels & Resorts, Inc 2,856 85,851 Pebblebrook Hotel Trust 2,085 107,460 Physicians Realty Trust 1,899 71,716 Piedmont Office Realty Trust, Inc 1,246 13,733 Plymouth Industrial REIT, Inc 231 34,013 PotlatchDeltic Corp 1,800 21,687 Preferred Apartment Communities, Inc 214 414,085 Prologis, Inc 43,893

VALUE SHARES COMPANY (000) 8,955 PS Business Parks, Inc $ 1,384 84,829 Public Storage, Inc 20,932 34,553 e QTS Realty Trust, Inc 2,144 5,346 * Rafael Holdings, Inc 213 68,743 Rayonier, Inc 2,217 13,117 Re/Max Holdings, Inc 517 32,589 * Realogy Holdings Corp 493 204,582 Realty Income Corp 12,991 57,095 * Redfin Corp 3,802 100,880 Regency Centers Corp 5,721 78,162 Retail Opportunities Investment Corp 1,240 173,060 Retail Properties of America, Inc 1,814 11,764 Retail Value, Inc 220 67,055 Rexford Industrial Realty, Inc 3,380 92,471 RLJ Lodging Trust 1,431 5,123 RMR Group, Inc 209 57,913 RPT Realty 661 24,668 * Ryman Hospitality Properties 1,912 116,469 Sabra Healthcare REIT, Inc 2,022 7,521 Safehold, Inc 527 6,451 Saul Centers, Inc 259 62,457 SBA Communications Corp 17,335 18,501 *,e Seritage Growth Properties 340 93,168 Service Properties Trust 1,105 182,204 Simon Property Group, Inc 20,729 103,764 SITE Centers Corp 1,407 38,244 SL Green Realty Corp 2,677 56,193 Spirit Realty Capital, Inc 2,388 18,561 St. Joe Co 796 84,224 STAG Industrial, Inc 2,831 121,165 STORE Capital Corp 4,059 4,495 * Stratus Properties, Inc 137 73,018 * Summit Hotel Properties, Inc 742 56,879 Sun Communities, Inc 8,534 159,024 * Sunstone Hotel Investors, Inc 1,981 67,688 e Tanger Factory Outlet Centers, Inc 1,024 12,164 * Tejon Ranch Co 204 35,329 Terreno Realty Corp 2,041 175,727 UDR, Inc 7,707 20,169 UMH Properties, Inc 387 119,952 Uniti Group, Inc 1,323 9,264 Universal Health Realty Income Trust 628 70,770 Urban Edge Properties 1,169 20,808 Urstadt Biddle Properties, Inc (Class A) 346 210,245 Ventas, Inc 11,214 132,285 VEREIT, Inc 5,109 283,851 VICI Properties, Inc 8,016 109,042 Vornado Realty Trust 4,949 30,441 Washington REIT 673 67,227 Weingarten Realty Investors 1,809 243,431 Welltower, Inc 17,437 417,868 Weyerhaeuser Co 14,876 25,132 Whitestone REIT 244 95,264 WP Carey, Inc 6,741

VALUE SHARES COMPANY (000) 79,064 * Xenia Hotels & Resorts, Inc $ 1,542 TOTAL REAL ESTATE 738,473

RETAILING - 6.6% 18,290 *,e 1-800-FLOWERS.COM, Inc (Class A) 505 18,402 Aaron’s Co, Inc 473 36,579 * Abercrombie & Fitch Co (Class A) 1,255 16,815 *,e Academy Sports & Outdoors, Inc 454 35,386 Advance Auto Parts, Inc 6,493 239,259 * Amazon.com, Inc 740,286 85,497 American Eagle Outfitters, Inc 2,500 5,481 * America’s Car-Mart, Inc 835 12,332 * Asbury Automotive Group, Inc 2,423 17,984 * At Home Group, Inc 516 28,808 * Autonation, Inc 2,685 12,764 * AutoZone, Inc 17,924 76,045 * Bed Bath & Beyond, Inc 2,217 129,220 Best Buy Co, Inc 14,836 20,052 Big Lots, Inc 1,370 9,762 * Boot Barn Holdings, Inc 608 14,004 Buckle, Inc 550 36,184 * Burlington Stores, Inc 10,812 28,267 Caleres, Inc 616 22,123 Camping World Holdings, Inc 805 91,612 * CarMax, Inc 12,153 19,398 * CarParts.com, Inc 277 32,716 * Carvana Co 8,585 12,003 * Cato Corp (Class A) 144 66,517 * Chico’s FAS, Inc 220 12,596 * Children’s Place, Inc 878 11,556 * Citi Trends, Inc 968 13,169 *,e Conn’s, Inc 256 11,400 * Container Store Group, Inc 190 33,096 Core-Mark Holding Co, Inc 1,280 49,292 * Designer Brands, Inc 858 38,579 Dick’s Sporting Goods, Inc 2,938 3,340 e Dillard’s, Inc (Class A) 323 136,608 Dollar General Corp 27,680 130,420 * Dollar Tree, Inc 14,928 7,236 *,e Duluth Holdings, Inc 123 375,661 eBay, Inc 23,005 67,352 * Etsy, Inc 13,583 78,395 * Expedia Group, Inc 13,493 30,809 * Five Below, Inc 5,878 48,609 * Floor & Decor Holdings, Inc 4,641 58,795 Foot Locker, Inc 3,307 11,421 Franchise Group, Inc 412 10,965 *,e Funko, Inc 216 32,234 * GameStop Corp (Class A) 6,119 99,905 * Gap, Inc 2,975 13,677 * Genesco, Inc 650 74,643 Genuine Parts Co 8,628 5,913 Group 1 Automotive, Inc 933 12,244 * Groupon, Inc 619

VALUE SHARES COMPANY (000) 20,639 *,e GrowGeneration Corp $ 1,026 53,119 * GrubHub, Inc 3,187 10,337 Guess?, Inc 243 13,840 Haverty Furniture Cos, Inc 515 16,994 * Hibbett Sports, Inc 1,171 606,133 Home Depot, Inc 185,022 91,081 Kohl’s Corp 5,429 132,963 * L Brands, Inc 8,225 9,431 * Lands’ End, Inc 234 26,380 * Leslie’s, Inc 646 19,090 * Liquidity Services, Inc 355 14,703 Lithia Motors, Inc (Class A) 5,735 157,522 * LKQ Corp 6,668 413,900 Lowe’s Companies, Inc 78,716 19,294 * Lumber Liquidators, Inc 485 172,372 * Macy’s, Inc 2,791 61,168 * Magnite, Inc 2,545 18,578 * MarineMax, Inc 917 11,632 * Michaels Cos, Inc 255 13,761 Monro Muffler, Inc 905 11,913 Murphy USA, Inc 1,722 47,869 * National Vision Holdings, Inc 2,098 70,237 * Nordstrom, Inc 2,660 29,720 * ODP Corp 1,287 28,621 * Ollie’s Bargain Outlet Holdings, Inc 2,490 5,690 * OneWater Marine, Inc 227 39,819 * O’Reilly Automotive, Inc 20,198 24,586 * Overstock.com, Inc 1,629 12,813 Penske Auto Group, Inc 1,028 29,635 *,e Petco Health & Wellness Co, Inc 657 14,105 e PetMed Express, Inc 496 22,316 Pool Corp 7,704 53,361 * Quotient Technology, Inc 872 201,751 Qurate Retail Group, Inc QVC Group 2,373 31,889 * RealReal, Inc 722 30,873 Rent-A-Center, Inc 1,780 8,975 * RH 5,354 195,609 Ross Stores, Inc 23,455 66,571 * Sally Beauty Holdings, Inc 1,340 2,356 Shoe Carnival, Inc 146 13,499 Shutterstock, Inc 1,202 29,200 * Signet Jewelers Ltd 1,693 15,272 * Sleep Number Corp 2,191 20,728 e Sonic Automotive, Inc (Class A) 1,027 19,952 * Sportsman’s Warehouse Holdings, Inc 344 8,050 * Stamps.com, Inc 1,606 27,087 * Stitch Fix Inc 1,342 282,926 Target Corp 56,039 6,790 * Tilly’s, Inc 77 667,657 TJX Companies, Inc 44,166 65,015 Tractor Supply Co 11,513 29,632 * Ulta Beauty, Inc 9,161 50,352 * Urban Outfitters, Inc 1,873 57,989 * Vroom, Inc 2,261

VALUE SHARES COMPANY (000) 38,206 * Wayfair, Inc $ 12,025 5,214 Weyco Group, Inc 113 43,259 Williams-Sonoma, Inc 7,752 1,945 Winmark Corp 363 11,661 * Zumiez, Inc 500 TOTAL RETAILING 1,502,979

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.0% 26,575 Advanced Energy Industries, Inc 2,901 678,292 * Advanced Micro Devices, Inc 53,246 26,133 * Allegro MicroSystems, Inc 663 15,539 * Alpha & Omega Semiconductor Ltd 508 23,188 * Ambarella, Inc 2,328 31,089 Amkor Technology, Inc 737 207,274 Analog Devices, Inc 32,144 517,337 Applied Materials, Inc 69,116 10,142 *,e Atomera, Inc 249 20,849 * Axcelis Technologies, Inc 857 26,991 * AXT, Inc 315 223,686 Broadcom, Inc 103,714 39,365 Brooks Automation, Inc 3,214 15,710 * Ceva, Inc 882 36,649 * Cirrus Logic, Inc 3,108 15,115 CMC Materials, Inc 2,672 26,675 * Cohu, Inc 1,116 62,345 * Cree, Inc 6,741 4,191 * CyberOptics Corp 109 20,290 * Diodes, Inc 1,620 14,071 * DSP Group, Inc 201 60,252 * Enphase Energy, Inc 9,770 70,117 Entegris, Inc 7,839 49,996 * First Solar, Inc 4,365 51,293 * Formfactor, Inc 2,314 8,421 * Ichor Holdings Ltd 453 13,074 * Impinj, Inc 744 26,506 * Inphi Corp 4,729 2,321,483 Intel Corp 148,575 87,347 KLA Corp 28,859 80,504 Lam Research Corp 47,919 75,431 * Lattice Semiconductor Corp 3,396 29,103 * MACOM Technology Solutions Holdings, Inc 1,689 376,817 Marvell Technology Group Ltd 18,457 5,322 *,e Maxeon Solar Technologies Ltd 168 145,434 Maxim Integrated Products, Inc 13,288 43,500 * MaxLinear, Inc 1,483 138,489 Microchip Technology, Inc 21,496 624,774 * Micron Technology, Inc 55,111 27,570 MKS Instruments, Inc 5,112 25,309 Monolithic Power Systems, Inc 8,939 18,536 * Nanometrics, Inc 1,218 21,168 * NeoPhotonics Corp Ltd 253 3,184 NVE Corp 223 333,097 NVIDIA Corp 177,851 229,199 * ON Semiconductor Corp 9,537

VALUE SHARES COMPANY (000) 20,605 * PDF Solutions, Inc $ 366 46,544 * Photronics, Inc 599 33,225 Power Integrations, Inc 2,707 64,112 * Qorvo, Inc 11,713 636,481 QUALCOMM, Inc 84,391 79,664 * Rambus, Inc 1,549 38,440 * Semtech Corp 2,652 24,113 * Silicon Laboratories, Inc 3,402 5,258 * SiTime Corp 518 95,527 Skyworks Solutions, Inc 17,527 2,025 * SMART Global Holdings, Inc 93 27,050 * SolarEdge Technologies, Inc 7,775 42,585 *,e SunPower Corp 1,424 17,210 * Synaptics, Inc 2,331 92,360 Teradyne, Inc 11,238 519,015 Texas Instruments, Inc 98,089 23,500 * Ultra Clean Holdings 1,364 24,314 Universal Display Corp 5,757 34,384 * Veeco Instruments, Inc 713 137,056 Xilinx, Inc 16,981 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 1,131,418

SOFTWARE & SERVICES - 13.9% 36,774 *,e 2U, Inc 1,406 65,506 * 8x8, Inc 2,125 32,215 * A10 Networks, Inc 310 359,683 Accenture plc 99,362 68,208 * ACI Worldwide, Inc 2,595 272,257 * Adobe, Inc 129,423 11,056 * Agilysys, Inc 530 92,148 * Akamai Technologies, Inc 9,390 26,945 * Alarm.com Holdings, Inc 2,327 24,151 Alliance Data Systems Corp 2,707 16,908 *,e Altair Engineering, Inc 1,058 29,506 * Alteryx, Inc 2,448 67,407 Amdocs Ltd 4,729 15,720 American Software, Inc (Class A) 325 78,020 * Anaplan, Inc 4,201 48,349 * Ansys, Inc 16,417 9,509 * Appfolio, Inc 1,345 20,140 *,e Appian Corp 2,678 35,444 * Aspen Technology, Inc 5,116 74,256 * Atlassian Corp plc 15,650 123,153 * Autodesk, Inc 34,132 241,602 Automatic Data Processing, Inc 45,535 46,044 * Avalara, Inc 6,144 25,111 * Avaya Holdings Corp 704 11,374 * Benefitfocus, Inc 157 24,476 * BigCommerce Holdings, Inc 1,415 41,807 * Bill.Com Holdings, Inc 6,083 82,754 * Black Knight, Inc 6,123 34,044 * Blackbaud, Inc 2,420 29,853 * Blackline, Inc 3,236 2,954 * BM Technologies, Inc 34

VALUE SHARES COMPANY (000) 29,562 * Bottomline Technologies, Inc $ 1,338 86,219 * Box, Inc 1,980 20,694 * Brightcove, Inc 416 63,918 Broadridge Financial Solutions, Inc 9,786 8,760 *,e C3.ai, Inc 577 154,560 * Cadence Design Systems, Inc 21,173 20,152 * Cardtronics plc 782 10,596 Cass Information Systems, Inc 490 76,663 CDK Global, Inc 4,144 22,039 * Cerence Inc 1,974 63,532 * Ceridian HCM Holding, Inc 5,354 15,814 * ChannelAdvisor Corp 372 71,481 Citrix Systems, Inc 10,033 114,390 * Cloudera, Inc 1,392 65,273 * Cloudflare, Inc 4,586 299,614 Cognizant Technology Solutions Corp (Class A) 23,406 45,384 * Cognyte Software Ltd 1,262 28,135 * Commvault Systems, Inc 1,815 23,676 * Concentrix Corp 3,545 137,713 * Conduent, Inc 917 37,259 * Cornerstone OnDemand, Inc 1,624 39,352 * Coupa Software, Inc 10,014 87,974 * Crowdstrike Holdings, Inc 16,056 24,883 CSG Systems International, Inc 1,117 83,532 * Datadog, Inc 6,962 13,627 * Datto Holding Corp 312 7,264 *,e Digimarc Corp 215 49,997 * Digital Turbine, Inc 4,018 103,217 * DocuSign, Inc 20,896 11,005 * Domo, Inc 619 137,416 * Dropbox, Inc 3,663 40,815 * Duck Creek Technologies, Inc 1,842 118,954 * DXC Technology Co 3,718 106,055 * Dynatrace, Inc 5,116 17,480 e Ebix, Inc 560 33,437 * Elastic NV 3,718 30,234 * Envestnet, Inc 2,184 29,695 * EPAM Systems, Inc 11,780 30,598 * Euronet Worldwide, Inc 4,232 21,053 * Everbridge, Inc 2,551 31,074 EVERTEC, Inc 1,157 10,859 * Evo Payments, Inc 299 21,916 * ExlService Holdings, Inc 1,976 15,593 * Fair Isaac Corp 7,579 43,606 *,e Fastly, Inc 2,934 346,422 Fidelity National Information Services, Inc 48,710 127,712 * FireEye, Inc 2,499 323,861 * Fiserv, Inc 38,552 37,675 * Five9, Inc 5,890 47,157 * FleetCor Technologies, Inc 12,668 75,872 * Fortinet, Inc 13,992 47,381 * Gartner, Inc 8,649 104,053 Genpact Ltd 4,456 168,497 Global Payments, Inc 33,966

VALUE SHARES COMPANY (000) 21,651 * Globant S.A. $ 4,495 93,198 * GoDaddy, Inc 7,234 37,008 * GreenSky, Inc 229 15,258 * Grid Dynamics Holdings, Inc 243 18,964 *,e GTT Communications, Inc 35 48,005 * Guidewire Software, Inc 4,879 17,956 Hackett Group, Inc 294 24,272 * HubSpot, Inc 11,025 9,245 * I3 Verticals, Inc 288 24,668 * Information Services Group, Inc 109 4,355 *,e Intelligent Systems Corp 178 18,324 InterDigital, Inc 1,163 499,780 International Business Machines Corp 66,601 13,645 * International Money Express Inc 205 142,004 Intuit, Inc 54,396 20,482 * j2 Global, Inc 2,455 44,253 Jack Henry & Associates, Inc 6,714 11,579 * Jamf Holding Corp 409 7,631 *,e JFrog Ltd 339 50,961 *,e Limelight Networks, Inc 182 40,701 * Liveperson, Inc 2,147 44,500 * LiveRamp Holdings, Inc 2,309 35,689 * Manhattan Associates, Inc 4,189 499,583 Mastercard, Inc (Class A) 177,876 36,930 MAXIMUS, Inc 3,288 21,219 McAfee Corp 482 41,794 * Medallia, Inc 1,166 4,225,428 Microsoft Corp 996,229 4,156 *,e MicroStrategy, Inc (Class A) 2,821 33,586 * Mimecast Ltd 1,350 22,456 * Mitek Systems, Inc 327 14,483 * Model N, Inc 510 35,218 * MoneyGram International, Inc 231 29,161 * MongoDB, Inc 7,798 25,933 * nCino, Inc 1,730 30,028 * New Relic, Inc 1,846 46,584 NIC, Inc 1,581 302,178 NortonLifelock, Inc 6,424 160,685 * Nuance Communications, Inc 7,012 92,944 * Nutanix, Inc 2,469 65,920 * Okta, Inc 14,531 4,837 * ON24, Inc 235 21,489 * OneSpan, Inc 526 1,039,641 Oracle Corp 72,952 41,005 * Pagerduty, Inc 1,650 52,826 * Palo Alto Networks, Inc 17,013 176,633 Paychex, Inc 17,314 27,676 * Paycom Software, Inc 10,242 18,614 * Paylocity Holding Corp 3,347 665,427 * PayPal Holdings, Inc 161,592 19,229 *,e Paysign Inc 84 20,541 Pegasystems, Inc 2,349 25,493 * Perficient, Inc 1,497 71,338 Perspecta, Inc 2,072

VALUE SHARES COMPANY (000) 8,669 * Ping Identity Holding Corp $ 190 40,409 * Pluralsight, Inc 903 31,483 Progress Software Corp 1,387 34,295 * Proofpoint, Inc 4,314 19,034 * PROS Holdings, Inc 809 57,208 * PTC, Inc 7,875 29,530 * Q2 Holdings, Inc 2,959 7,729 QAD, Inc (Class A) 515 22,512 * Qualys, Inc 2,359 19,217 * Rackspace Technology, Inc 457 31,056 * Rapid7, Inc 2,317 46,827 * RealPage, Inc 4,083 21,786 * Repay Holdings Corp 512 44,988 * RingCentral, Inc 13,401 186,641 * Sabre Corp 2,764 52,403 * SailPoint Technologies Holding, Inc 2,654 496,039 * salesforce.com, Inc 105,096 15,268 Sapiens International Corp NV 485 4,599 *,e SecureWorks Corp 62 110,059 * ServiceNow, Inc 55,042 4,906 * ShotSpotter, Inc 172 279,043 * Slack Technologies, Inc 11,337 66,115 * Smartsheet, Inc 4,226 16,667 * SolarWinds Corp 291 92,257 * Splunk, Inc 12,499 15,701 * Sprout Social, Inc 907 24,492 * SPS Commerce, Inc 2,432 208,614 * Square, Inc 47,366 121,462 SS&C Technologies Holdings, Inc 8,487 107,187 * StoneCo Ltd 6,562 8,074 *,e Sumo Logic, Inc 152 70,963 * SVMK, Inc 1,300 52,841 Switch, Inc 859 29,262 * Sykes Enterprises, Inc 1,290 85,444 * Synopsys, Inc 21,171 9,226 * Telos Corp 350 36,255 * Tenable Holdings, Inc 1,312 63,587 * Teradata Corp 2,451 23,414 * Trade Desk, Inc 15,258 10,054 TTEC Holdings, Inc 1,010 6,516 *,e Tucows, Inc 505 80,070 * Twilio, Inc 27,285 21,226 * Tyler Technologies, Inc 9,011 38,674 * Unisys Corp 983 16,490 *,e Unity Software, Inc 1,654 4,914 * Upland Software, Inc 232 56,469 * Varonis Systems, Inc 2,899 45,384 * Verint Systems, Inc 2,064 56,553 * VeriSign, Inc 11,240 13,662 *,e Veritone, Inc 328 63,620 * Verra Mobility Corp 861 6,012 * Viant Technology, Inc 318 32,131 e VirnetX Holding Corp 179 952,706 Visa, Inc (Class A) 201,716

VALUE SHARES COMPANY (000) 43,180 * VMware, Inc (Class A) $ 6,496 229,572 Western Union Co 5,661 27,596 * WEX, Inc 5,774 98,598 * Workday, Inc 24,495 16,351 * Workiva, Inc 1,443 41,557 Xperi Holding Corp 905 55,032 * Yext, Inc 797 65,282 * Zendesk, Inc 8,658 42,422 * Zix Corp 320 98,714 * Zoom Video Communications, Inc 31,716 40,123 * Zscaler, Inc 6,888 55,037 * Zuora Inc 815 TOTAL SOFTWARE & SERVICES 3,179,512

TECHNOLOGY HARDWARE & EQUIPMENT - 6.7% 74,639 * 3D Systems Corp 2,048 35,649 Adtran, Inc 595 18,515 *,e Akoustis Technologies, Inc 247 326,268 Amphenol Corp (Class A) 21,524 8,938,768 Apple, Inc 1,091,871 13,189 *,e Applied Optoelectronics, Inc 110 31,561 * Arista Networks, Inc 9,528 47,303 * Arlo Technologies, Inc 297 40,463 * Arrow Electronics, Inc 4,484 24,161 * Avid Technology, Inc 510 63,498 Avnet, Inc 2,636 19,362 Badger Meter, Inc 1,802 7,316 Bel Fuse, Inc (Class B) 146 30,293 Belden CDT, Inc 1,344 35,867 Benchmark Electronics, Inc 1,109 26,799 * CalAmp Corp 291 28,887 * Calix, Inc 1,001 9,824 * Casa Systems, Inc 94 79,859 CDW Corp 13,237 88,003 * Ciena Corp 4,816 2,398,866 Cisco Systems, Inc 124,045 8,964 * Clearfield, Inc 270 90,430 Cognex Corp 7,505 14,446 * Coherent, Inc 3,653 115,638 * CommScope Holding Co, Inc 1,776 16,237 Comtech Telecommunications Corp 403 415,791 Corning, Inc 18,091 8,680 *,e Corsair Gaming, Inc 289 23,637 CTS Corp 734 27,847 * Daktronics, Inc 175 141,606 * Dell Technologies, Inc 12,483 53,560 * Diebold, Inc 757 18,652 * Digi International, Inc 354 30,575 Dolby Laboratories, Inc (Class A) 3,018 33,587 * EchoStar Corp (Class A) 806 9,278 * ePlus, Inc 924 79,396 * Extreme Networks, Inc 695 34,732 * F5 Networks, Inc 7,246 26,560 * Fabrinet 2,401

VALUE SHARES COMPANY (000) 12,851 * FARO Technologies, Inc $ 1,113 84,050 FLIR Systems, Inc 4,746 58,321 *,e Harmonic, Inc 457 707,951 Hewlett Packard Enterprise Co 11,143 727,386 HP, Inc 23,094 53,614 * II-VI, Inc 3,666 21,661 * Immersion Corp 208 103,799 *,e Infinera Corp 1,000 40,550 *,e Inseego Corp 405 16,992 * Insight Enterprises, Inc 1,621 19,271 * IPG Photonics Corp 4,065 18,293 * Iteris, Inc 113 24,355 * Itron, Inc 2,159 71,872 Jabil Inc 3,749 201,956 Juniper Networks, Inc 5,116 103,680 * Keysight Technologies, Inc 14,868 21,162 * Kimball Electronics, Inc 546 64,648 * Knowles Corp 1,352 10,929 * KVH Industries, Inc 139 14,095 Littelfuse, Inc 3,727 44,541 * Lumentum Holdings, Inc 4,069 25,950 Methode Electronics, Inc 1,089 94,689 Motorola Solutions, Inc 17,806 12,096 * MTS Systems Corp 704 7,937 * Napco Security Technologies, Inc 276 76,957 National Instruments Corp 3,323 68,992 * NCR Corp 2,618 124,222 NetApp, Inc 9,027 23,887 * Netgear, Inc 982 43,446 * Netscout Systems, Inc 1,223 20,535 * nLight, Inc 665 18,332 * Novanta, Inc 2,418 12,827 *,e OSI Systems, Inc 1,233 7,480 *,e PAR Technology Corp 489 8,216 PC Connection, Inc 381 24,496 * Plantronics, Inc 953 17,083 * Plexus Corp 1,569 148,433 * Pure Storage, Inc 3,197 37,508 * Ribbon Communications, Inc 308 12,852 * Rogers Corp 2,419 36,299 * Sanmina Corp 1,502 17,777 * Scansource, Inc 532 26,460 * Super Micro Computer, Inc 1,034 23,381 Synnex Corp 2,685 141,748 * Trimble Inc 11,027 19,199 * TTM Technologies, Inc 278 4,802 Ubiquiti, Inc 1,432 38,380 *,e Viasat, Inc 1,845 136,006 * Viavi Solutions, Inc 2,135 97,366 Vishay Intertechnology, Inc 2,345 9,508 * Vishay Precision Group, Inc 293 67,348 * Vontier Corp 2,039 174,116 Western Digital Corp 11,622 105,309 Xerox Holdings Corp 2,556

VALUE SHARES COMPANY (000) 29,192 * Zebra Technologies Corp (Class A) $ 14,163 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 1,536,839

TELECOMMUNICATION SERVICES - 1.4% 7,472 * Anterix, Inc 352 4,005,922 AT&T, Inc 121,259 7,918 ATN International, Inc 389 10,381 * Bandwidth Inc 1,316 27,406 * Boingo Wireless, Inc 386 33,512 * Cincinnati Bell, Inc 514 25,280 Cogent Communications Group, Inc 1,738 48,355 * Consolidated Communications Holdings, Inc 348 42,541 *,e Gogo, Inc 411 11,096 * IDT Corp (Class B) 251 60,764 * Iridium Communications, Inc 2,507 29,453 * Liberty Latin America Ltd (Class A) 378 103,346 * Liberty Latin America Ltd (Class C) 1,341 627,826 Lumen Technologies, Inc 8,381 13,047 * Ooma, Inc 207 44,329 * ORBCOMM, Inc 338 33,638 Shenandoah Telecom Co 1,642 14,641 Spok Holdings, Inc 154 37,739 Telephone & Data Systems, Inc 866 308,664 * T-Mobile US, Inc 38,673 9,529 * US Cellular Corp 348 2,337,602 Verizon Communications, Inc 135,932 143,849 * Vonage Holdings Corp 1,700 TOTAL TELECOMMUNICATION SERVICES 319,431

TRANSPORTATION - 2.1% 37,928 * Air Transport Services Group, Inc 1,110 69,726 * Alaska Air Group, Inc 4,826 5,038 * Allegiant Travel Co 1,230 3,965 Amerco, Inc 2,429 347,869 * American Airlines Group, Inc 8,314 19,331 ArcBest Corp 1,360 16,948 * Atlas Air Worldwide Holdings, Inc 1,024 19,991 * Avis Budget Group, Inc 1,450 74,862 CH Robinson Worldwide, Inc 7,144 14,813 * Copa Holdings S.A. (Class A) 1,197 23,634 Costamare, Inc 227 8,672 * Covenant Transportation Group, Inc 179 428,947 CSX Corp 41,359 14,173 *,e Daseke, Inc 120 364,563 * Delta Air Lines, Inc 17,601 4,116 *,e Eagle Bulk Shipping, Inc 149 21,041 * Echo Global Logistics, Inc 661 4,092 e Eneti, Inc 86 91,689 Expeditors International of Washington, Inc 9,874 136,335 FedEx Corp 38,725 20,963 Forward Air Corp 1,862 6,118 Genco Shipping & Trading Ltd 62 36,387 * Hawaiian Holdings, Inc 970 6,848 Heartland Express, Inc 134

VALUE SHARES COMPANY (000) 21,791 * Hub Group, Inc (Class A) $ 1,466 46,395 JB Hunt Transport Services, Inc 7,798 146,479 * JetBlue Airways Corp 2,979 51,160 Kansas City Southern 13,502 37,438 * Kirby Corp 2,257 71,730 Knight-Swift Transportation Holdings, Inc 3,449 20,412 Landstar System, Inc 3,369 142,708 * Lyft, Inc (Class A) 9,016 43,936 Macquarie Infrastructure Co LLC 1,398 34,852 Marten Transport Ltd 591 32,238 Matson, Inc 2,150 19,117 * Mesa Air Group, Inc 257 143,351 Norfolk Southern Corp 38,493 54,259 Old Dominion Freight Line 13,044 29,335 * Radiant Logistics, Inc 204 30,762 Ryder System, Inc 2,327 33,371 * Safe Bulkers, Inc 82 13,620 * Saia, Inc 3,140 22,723 Schneider National, Inc 567 11,768 * SEACOR Holdings, Inc 480 28,022 * Skywest, Inc 1,527 324,783 * Southwest Airlines Co 19,831 50,261 *,e Spirit Airlines, Inc 1,855 784,920 * Uber Technologies, Inc 42,786 378,119 Union Pacific Corp 83,341 173,644 * United Airlines Holdings Inc 9,991 403,851 United Parcel Service, Inc (Class B) 68,651 6,297 Universal Logistics Holdings Inc 166 14,010 * US Xpress Enterprises, Inc 165 36,247 Werner Enterprises, Inc 1,710 52,058 * XPO Logistics, Inc 6,419 TOTAL TRANSPORTATION 485,104

UTILITIES - 2.5% 387,805 AES Corp 10,397 19,359 Allete, Inc 1,301 137,659 Alliant Energy Corp 7,456 143,050 Ameren Corp 11,639 279,981 American Electric Power Co, Inc 23,714 25,230 American States Water Co 1,908 100,793 American Water Works Co, Inc 15,111 4,909 Artesian Resources Corp 193 92,825 *,e Atlantic Power Corp 268 69,836 Atmos Energy Corp 6,903 27,653 Avangrid, Inc 1,377 33,562 Avista Corp 1,603 26,080 Black Hills Corp 1,741 8,930 e Brookfield Infrastructure Corp 682 72,027 Brookfield Renewable Corp 3,371 15,011 *,e Cadiz, Inc 144 35,650 California Water Service Group 2,009 288,758 Centerpoint Energy, Inc 6,540 11,318 Chesapeake Utilities Corp 1,314 24,011 Clearway Energy, Inc (Class A) 637

VALUE SHARES COMPANY (000) 47,061 Clearway Energy, Inc (Class C) $ 1,324 161,672 CMS Energy Corp 9,898 190,867 Consolidated Edison, Inc 14,277 10,961 Consolidated Water Co, Inc 147 459,743 Dominion Energy, Inc 34,922 105,937 DTE Energy Co 14,104 411,161 Duke Energy Corp 39,689 204,477 Edison International 11,982 111,222 Entergy Corp 11,063 120,688 Essential Utilities Inc 5,401 127,478 Evergy, Inc 7,589 195,508 Eversource Energy 16,929 548,641 Exelon Corp 23,998 301,466 FirstEnergy Corp 10,458 6,410 Global Water Resources, Inc 105 66,960 Hawaiian Electric Industries, Inc 2,975 24,079 Idacorp, Inc 2,407 119,020 MDU Resources Group, Inc 3,762 16,881 MGE Energy, Inc 1,205 11,759 Middlesex Water Co 929 44,613 National Fuel Gas Co 2,230 41,672 New Jersey Resources Corp 1,662 1,104,362 NextEra Energy, Inc 83,501 211,543 NiSource, Inc 5,100 14,483 Northwest Natural Holding Co 781 27,636 NorthWestern Corp 1,802 135,219 NRG Energy, Inc 5,102 98,705 OGE Energy Corp 3,194 29,641 ONE Gas, Inc 2,280 20,715 Ormat Technologies, Inc 1,627 27,545 Otter Tail Corp 1,272 714,678 * PG&E Corp 8,369 62,725 Pinnacle West Capital Corp 5,103 40,790 PNM Resources, Inc 2,001 50,460 Portland General Electric Co 2,395 434,828 PPL Corp 12,540 278,792 Public Service Enterprise Group, Inc 16,786 11,616 * Pure Cycle Corp 156 4,887 RGC Resources, Inc 108 166,316 Sempra Energy 22,050 12,005 SJW Corp 756 58,642 South Jersey Industries, Inc 1,324 598,674 Southern Co 37,214 26,282 Southwest Gas Holdings Inc 1,806 7,544 e Spark Energy, Inc 81 26,256 Spire, Inc 1,940 17,984 * Sunnova Energy International, Inc 734 132,205 UGI Corp 5,422 10,272 Unitil Corp 469 268,521 Vistra Energy Corp 4,747 176,287 WEC Energy Group, Inc 16,499 291,000 Xcel Energy, Inc 19,354 9,006 York Water Co 441 TOTAL UTILITIES 580,318

308

VALUE SHARES COMPANY (000) RIGHTS / WARRANTS - 0.0%

MEDIA & ENTERTAINMENT - 0.0% 80,085 † Media General, Inc $ 0 TOTAL MEDIA & ENTERTAINMENT 0

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0% 7,917 † Chinook Therapeutics, Inc 0 29,050 † Elanco Animal Health, Inc CVR 2 4,045 † Omthera Pharmaceuticals, Inc 2 6,981 † Tobira Therapeutics, Inc 0^ TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 4

TOTAL RIGHTS / WARRANTS 4 (Cost $1)

MATURITY PRINCIPAL ISSUER RATE DATE SHORT-TERM INVESTMENTS - 0.5%

GOVERNMENT AGENCY DEBT - 0.3% $ 3,434,000 Federal Agricultural Mortgage Corp (FAMC) 0.010% 04/01/21 3,434 25,375,000 Federal Home Loan Bank (FHLB) 0.039 04/14/21 25,375 12,500,000 FHLB 0.040 04/22/21 12,500 4,610,000 FHLB 0.030 04/23/21 4,610 4,781,000 FHLB 0.014 05/12/21 4,781 16,000,000 FHLB 0.058 08/18/21 15,998 TOTAL GOVERNMENT AGENCY DEBT 66,698

SHARES COMPANY INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2% State Street Navigator Securities Lending Government 51,332,249 c 0.030 51,332 Money Market Portfolio TOTAL INVESTMENTS IN REGISTERED 51,332 INVESTMENT COMPANIES

TOTAL SHORT-TERM INVESTMENTS 118,030 (Cost $118,028) TOTAL INVESTMENTS - 100.2% 22,880,986 (Cost $7,769,322) OTHER ASSETS & LIABILITIES, NET - (0.2)% (38,935) NET ASSETS - 100.0% $ 22,842,051

Abbreviation(s): REIT Real Estate Investment Trust CVR Contingent Value Right

309

* Non-income producing ^ Amount represents less than $1,000. † Security is categorized as Level 3 in the fair value hierarchy. c Investments made with cash collateral received from securities on loan. d All or a portion of these securities have been segregated to cover margin requirements on open futures contracts. e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $98,817,023. Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such g securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,722,830 or 0.0% of net assets.

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Number of long Unrealized Expiration Description (short) Notional amount Value appreciation date contracts (depreciation) Russell 2000 E Mini Index 24 06/18/21 $ 2,739 $ 2,667 $ (72) S&P 500 E Mini Index 264 06/18/21 51,324 52,370 1,046 Total 288 $ 54,063 $ 55,037 $ 974

310

COLLEGE RETIREMENT EQUITIES FUND BOND MARKET ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) BANK LOAN OBLIGATIONS - 0.7%

AUTOMOBILES & COMPONENTS - 0.0% LIBOR 1 and 3 M + $ 984,962 i Adient US LLC 4.443% 05/06/24 $ 983 4.250% LIBOR 1 M + 969,643 i Clarios Global LP 3.359 04/30/26 959 3.250% LIBOR 1 M + 2,023,698 i Gates Global LLC 3.500 03/31/27 2,017 2.750% TOTAL AUTOMOBILES & COMPONENTS 3,959

CAPITAL GOODS - 0.1% LIBOR 1 M + 174,057 i Avolon TLB Borrower US LLC 2.500 01/15/25 173 1.750% LIBOR 1 M + 222,750 i Avolon TLB Borrower US LLC 2.250 02/12/27 220 1.500% LIBOR 1 M + 815,467 i Beacon Roofing Supply, Inc 2.365 01/02/25 810 2.250% LIBOR 1 M + 994,898 i Cornerstone Building Brands, Inc 3.856 04/12/25 993 3.750% LIBOR 1 M + 992,500 i Gardner Denver, Inc 2.850 03/01/27 990 2.750% LIBOR 1 M + 480,038 i Prometric Holdings Inc 4.000 01/29/25 471 3.000% LIBOR 1 M + 1,361,658 i TransDigm, Inc 2.359 08/22/24 1,335 2.250% LIBOR 1 M + 1,477,490 i TransDigm, Inc 2.359 05/30/25 1,446 2.250% TOTAL CAPITAL GOODS 6,438

COMMERCIAL & PROFESSIONAL SERVICES - 0.1% LIBOR 1 M + 1,615,252 i GFL Environmental, Inc 3.500 05/30/25 1,615 3.000% LIBOR 3 M + 675,000 i PAE Holding Corp 5.250 10/14/27 675 4.500% LIBOR 1 and 3 M + 1,800,578 i Prime Security Services Borrower LLC 3.500 09/23/26 1,792 2.750% LIBOR 3 M + 770,000 i Spin Holdco, Inc 4.750 03/01/28 763 4.000% LIBOR 1 M + 1,247,972 i Syneos Health Inc 1.859 08/01/24 1,239 1.750% LIBOR 1 M + 1,801,923 i Trans Union LLC 1.859 11/16/26 1,788 1.750% LIBOR 1 M + 1,023,750 i United Rentals North America, Inc 1.859 10/31/25 1,026 1.750% TOTAL COMMERCIAL & PROFESSIONAL SERVICES 8,898

CONSUMER DURABLES & APPAREL - 0.0%

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 1 M + 393,178 i Samsonite IP Holdings Sarl 1.859 04/25/25 387 1.750% TOTAL CONSUMER DURABLES & APPAREL 387

CONSUMER SERVICES - 0.0% LIBOR 1 M + 441,420 i 1011778 BC ULC 1.859 11/19/26 433 1.750% LIBOR 1 W + 319,932 i Boyd Gaming Corp 2.331 09/15/23 319 2.250% LIBOR 3 M + 500,000 i IRB Holding Corp 4.250 12/15/27 498 3.250% LIBOR 1 M + 1,316,727 i KFC Holding Co 1.856 03/09/28 1,315 1.750% LIBOR 1 M + 1,969,543 i Scientific Games International, Inc 2.859 08/14/24 1,930 2.750% LIBOR 3 M + 1,571,063 i Sophia LP 4.500 10/07/27 1,569 3.750% TOTAL CONSUMER SERVICES 6,064

DIVERSIFIED FINANCIALS - 0.0% LIBOR 1 M + 874,633 i Lions Gate Capital Holdings LLC 2.359 03/24/25 860 2.250% LIBOR 1 M + 1,770,563 i Reynolds Group Holdings, Inc 3.359 02/05/26 1,749 3.250% TOTAL DIVERSIFIED FINANCIALS 2,609

311

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) ENERGY - 0.0% LIBOR 1 M + $ 1,980,038 i Buckeye Partners LP 2.359% 11/01/26 $ 1,970 2.250% LIBOR 3 M + 560,625 i ChampionX Holding, Inc 6.000 06/03/27 570 5.000% LIBOR 1 M + 1,969,676 i Delek US Holdings, Inc 2.359 03/31/25 1,910 2.250% TOTAL ENERGY 4,450

FOOD, BEVERAGE & TOBACCO - 0.0% LIBOR 1 M + 597,000 i Chobani LLC 4.500 10/20/27 596 3.500% LIBOR 1 and 3 M + 888,722 i Hostess Brands LLC 3.000 08/01/25 883 2.250% LIBOR 3 M + 997,500 i Shearer’s Foods LLC 4.750 09/23/27 995 4.000% TOTAL FOOD, BEVERAGE & 2,474 TOBACCO

HEALTH CARE EQUIPMENT & SERVICES - 0.1% LIBOR 1 and 3 M + 1,342,316 i Change Healthcare Holdings LLC 3.500 03/01/24 1,340 2.500% LIBOR 3 M + 2,208,872 i Da Vinci Purchaser Corp 5.000 01/08/27 2,208 4.000% LIBOR 1 M + 985,031 i DaVita, Inc 1.859 08/12/26 979 1.750% Grifols Worldwide Operations USA, LIBOR 1 W + 2,444,063 i 2.081 11/15/27 2,415 Inc 2.000% RegionalCare Hospital Partners LIBOR 1 M + 2,012,842 i 3.850 11/16/25 2,007 Holdings, Inc 3.750% LIBOR 1 M + 2,920,100 i Select Medical Corp 2.360 03/06/25 2,900 2.250% LIBOR 1 M + 1,413,190 i Team Health Holdings, Inc 3.750 02/06/24 1,311 2.750% TOTAL HEALTH CARE EQUIPMENT & SERVICES 13,160

HOUSEHOLD & PERSONAL PRODUCTS - 0.0% LIBOR 1 M + 723,188 i Weber-Stephen Products LLC 4.000 10/29/27 722 3.250% TOTAL HOUSEHOLD & PERSONAL PRODUCTS 722

INSURANCE - 0.0% LIBOR 1 M + 149,019 i Alliant Holdings Intermediate LLC 4.250 11/05/27 149 3.750% LIBOR 1 M + 1,980,000 i NFP Corp 3.359 02/15/27 1,948 3.250% LIBOR 3 M + 2,468,031 i USI, Inc 3.203 05/16/24 2,439 3.000% TOTAL INSURANCE 4,536

MATERIALS - 0.1% LIBOR 1 M + 1,710,128 i Chemours Co 1.860 04/03/25 1,658 1.750%

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 1 M + 483,750 i Ineos US Finance LLC 2.109 03/31/24 478 2.000% LIBOR 3 M + 1,848,487 i Messer Industries USA, Inc 2.703 03/01/26 1,832 2.500% LIBOR 1 M + 1,368,835 i PolyOne Corp 1.859 01/30/26 1,368 1.750% LIBOR 1 M + 304,076 i Reynolds Consumer Products LLC 1.859 02/04/27 302 1.750% LIBOR 1 M + 429,594 i Starfruit US Holdco LLC 2.860 10/01/25 423 2.750% LIBOR 1 M + 1,189,975 h,i Tamko Building Products, Inc 3.115 05/29/26 1,183 3.000% TOTAL MATERIALS 7,244

MEDIA & ENTERTAINMENT - 0.1% LIBOR 3 M + 1,670,813 i Alliance Laundry Systems LLC 4.250 10/08/27 1,667 3.500% LIBOR 3 M + 349,125 i Arterra Wines Canada, Inc 4.250 11/19/27 349 3.500% LIBOR 1 M + 1,741,250 i Asplundh Tree Expert LLC 1.859 09/02/27 1,736 1.750% LIBOR 1 M + 423,938 i Cablevision Lightpath LLC 3.750 11/30/27 423 3.250% Charter Communications Operating LIBOR 1 M + 1,970,000 i 1.860 02/01/27 1,959 LLC 1.750% LIBOR 3 M + 975,000 i CNT Holdings I Corp 4.500 11/08/27 972 3.750% LIBOR 1 M + 715,956 i CSC Holdings LLC 2.606 04/15/27 706 2.500% LIBOR 1 M + 985,000 i Diamond Sports Group LLC 3.360 08/24/26 672 3.250%

312

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M + $ 378,728 i Nielsen Finance LLC 2.103% 10/04/23 $ 378 2.000% LIBOR 1 M + 1,858,523 i Nielsen Finance LLC 4.750 06/06/25 1,862 3.750% LIBOR 1 M + 493,750 i Pregis TopCo Corp 3.859 07/31/26 489 3.750% LIBOR 1 M + 189,000 h,i Pregis TopCo LLC 5.000 07/31/26 189 4.250% LIBOR 1 M + 189,000 i Pregis TopCo LLC 5.000 07/31/26 189 4.250% LIBOR 3 M + 500,000 i Rackspace Technology Global, Inc 3.500 02/03/28 495 2.750% LIBOR 1 M + 1,546,125 i Radiate Holdco LLC 4.250 09/25/26 1,545 3.500% LIBOR 3 M + 800,000 i SkyMiles IP Ltd 4.750 10/20/27 839 3.750% LIBOR 6 M + 1,708,219 i Vertical US Newco, Inc 4.567 07/30/27 1,711 4.250% LIBOR 1 M + 2,250,000 i Virgin Media Bristol LLC 2.606 01/31/28 2,228 2.500% TOTAL MEDIA & ENTERTAINMENT 18,409

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1% LIBOR 1 M + 947,625 i Avantor, Inc 3.250 10/29/27 947 2.250% LIBOR 1 M + 1,736,583 i Bausch Health Americas, Inc 3.109 06/02/25 1,730 3.000% LIBOR 1 M + 1,714,286 i Bausch Health Americas, Inc 2.859 11/27/25 1,704 2.750% LIBOR 1 M + 2,481,061 i Catalent Pharma Solutions, Inc 2.500 02/22/28 2,480 2.000% LIBOR 3 M + 1,574,877 i Endo International PLC 5.000 04/29/24 1,557 4.250% LIBOR 1 M + 903,114 h,i Endo Luxembourg Finance Co I Sarl 5.750 03/10/28 893 5.000% LIBOR 1 M + 552,053 i PPD, Inc 2.750 01/13/28 549 2.250% TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 9,860

REAL ESTATE - 0.0% LIBOR 1 M + 1,372,131 i Cushman & Wakefield plc 2.865 08/21/25 1,343 2.750% TOTAL REAL ESTATE 1,343

RETAILING - 0.0% LIBOR 3 M + 675,000 i LS GROUP OPCO ACQUISITIO 4.250 11/02/27 674 3.500% TOTAL RETAILING 674

SOFTWARE & SERVICES - 0.1% LIBOR 1 M + 320,938 i Camelot Finance S.A. 3.109 10/30/26 318 3.000%

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 1 M + 997,500 i Camelot US Acquisition 4.000 10/31/26 997 3.000% LIBOR 1 M + 671,556 i Hyland Software, Inc 4.250 07/01/24 671 3.500% LIBOR 1 M + 1,969,543 i Open Text Corp 1.859 05/30/25 1,969 1.750% LIBOR 1 M + 987,406 i Rocket Software, Inc 4.359 11/28/25 984 4.250% LIBOR 1 M + 95,785 i Sabre GLBL, Inc 2.109 02/22/24 94 2.000% LIBOR 3 M + 1,616,885 i UKG, Inc 4.000 05/04/26 1,617 3.250% TOTAL SOFTWARE & SERVICES 6,650

TECHNOLOGY HARDWARE & EQUIPMENT - 0.0% LIBOR 1 M + 1,620,150 i Dell International LLC 2.000 09/19/25 1,618 1.750% LIBOR 1 M + 1,169,042 i Plantronics, Inc 2.615 07/02/25 1,152 2.500% LIBOR 1 M + 755,472 i TTM Technologies, Inc 2.615 09/28/24 752 2.500% TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 3,522

TELECOMMUNICATION SERVICES - 0.0% LIBOR 1 M + 623,553 i Zayo Group Holdings, Inc 3.115 03/09/27 618 3.000% TOTAL TELECOMMUNICATION SERVICES 618

TRANSPORTATION - 0.0% LIBOR 1 M + 636,244 i American Airlines, Inc 2.106 12/14/23 607 2.000% TOTAL TRANSPORTATION 607

313

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) UTILITIES - 0.0% Alera Group Intermediate Holdings, LIBOR 1 M + $ 771,115 i 4.500% 08/01/25 $ 770 Inc 4.000% LIBOR 1 M + 987,018 i Gopher Resource LLC 4.250 03/06/25 881 3.250% TOTAL UTILITIES 1,651

TOTAL BANK LOAN 104,275 OBLIGATIONS (Cost $104,950)

BONDS - 95.7%

CORPORATE BONDS - 41.1%

AUTOMOBILES & COMPONENTS - 0.4% EUR 950,000 g Adient Global Holdings Ltd 3.500 08/15/24 1,156 $ 350,000 g Adient US LLC 9.000 04/15/25 388 EUR 500,000 Aptiv plc 1.500 03/10/25 617 $ 225,000 Dana, Inc 5.375 11/15/27 236 350,000 Dana, Inc 5.625 06/15/28 375 1,250,000 Ford Motor Co 8.500 04/21/23 1,394 1,275,000 Ford Motor Co 9.000 04/22/25 1,544 11,000,000 General Motors Co 6.125 10/01/25 12,935 5,600,000 General Motors Co 5.000 10/01/28 6,418 6,950,000 General Motors Co 6.600 04/01/36 9,021 6,500,000 General Motors Co 5.200 04/01/45 7,463 1,925,000 General Motors Co 6.750 04/01/46 2,598 EUR 400,000 g,o IHO Verwaltungs GmbH 3.750 09/15/26 479 $ 8,675,000 Magna International, Inc 3.625 06/15/24 9,379 EUR 300,000 Volkswagen Bank GmbH 2.500 07/31/26 390 TOTAL AUTOMOBILES & COMPONENTS 54,393

BANKS - 8.4% Australia & New Zealand Banking $ 8,250,000 g 2.950 07/22/30 8,526 Group Ltd 1,975,000 e,g Banco de Credito del Peru 3.250 09/30/31 1,975 5,250,000 g Banco del Estado de Chile 2.704 01/09/25 5,473 300,000 g Banco General S.A. 4.125 08/07/27 320 Banco Internacional del Peru SAA 3,800,000 g 3.375 01/18/23 3,923 Interbank Banco Santander Mexico S.A. 3,225,000 g Institucion de Banca Multiple Grupo 5.375 04/17/25 3,621 Financiero Santand 5,950,000 Banco Santander S.A. 2.746 05/28/25 6,217 3,800,000 Banco Santander S.A. 3.800 02/23/28 4,101 5,600,000 Banco Santander S.A. 2.749 12/03/30 5,334 600,000 Banco Santander S.A. 7.500 N/A‡ 659 6,200,000 Bancolombia S.A. 3.000 01/29/25 6,333 2,650,000 Bancolombia S.A. 4.625 12/18/29 2,680 300,000 g Bangkok Bank PCL 3.733 09/25/34 301 2,750,000 g Banistmo S.A. 4.250 07/31/27 2,867 6,300,000 g Bank Leumi Le-Israel BM 3.275 01/29/31 6,394 5,000,000 Bank of America Corp 3.550 03/05/24 5,275

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EUR 400,000 Bank of America Corp 1.375 03/26/25 494 $ 10,200,000 Bank of America Corp 3.875 08/01/25 11,266 7,100,000 Bank of America Corp 1.319 06/19/26 7,078

314

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) EUR 300,000 Bank of America Corp 1.776% 05/04/27 $ 378 $ 18,265,000 Bank of America Corp 3.248 10/21/27 19,636 17,250,000 Bank of America Corp 3.824 01/20/28 18,951 38,075,000 Bank of America Corp 2.496 02/13/31 37,724 41,250,000 Bank of America Corp 2.592 04/29/31 41,164 39,000,000 Bank of America Corp 1.922 10/24/31 36,702 18,000,000 Bank of America Corp 4.083 03/20/51 19,986 6,875,000 Bank of America Corp 3.483 03/13/52 7,006 3,000,000 Bank of America Corp 6.100 N/A‡ 3,330 5,000,000 Bank of America Corp 6.250 N/A‡ 5,534 5,350,000 Bank of Montreal 3.803 12/15/32 5,877 EUR 400,000 Barclays plc 0.625 11/14/23 474 $ 5,900,000 Barclays plc 4.338 05/16/24 6,318 10,000,000 Barclays plc 3.932 05/07/25 10,794 11,000,000 g BNP Paribas S.A. 2.819 11/19/25 11,579 1,850,000 g BNP Paribas S.A. 2.219 06/09/26 1,897 6,575,000 g BNP Paribas S.A. 1.323 01/13/27 6,430 7,375,000 g BNP Paribas S.A. 1.904 09/30/28 7,249 5,700,000 g BNP Paribas S.A. 2.588 08/12/35 5,361 2,950,000 Citigroup, Inc 2.700 10/27/22 3,045 8,500,000 Citigroup, Inc 3.875 03/26/25 9,263 36,375,000 Citigroup, Inc 3.200 10/21/26 39,088 GBP 250,000 Citigroup, Inc 1.750 10/23/26 351 $ 6,575,000 Citigroup, Inc 4.300 11/20/26 7,334 13,835,000 Citigroup, Inc 4.450 09/29/27 15,614 7,000,000 Citigroup, Inc 4.125 07/25/28 7,746 49,250,000 Citigroup, Inc 2.666 01/29/31 49,483 11,000,000 Citigroup, Inc 4.412 03/31/31 12,553 7,125,000 Citigroup, Inc 2.572 06/03/31 7,119 4,000,000 Citigroup, Inc 6.300 N/A‡ 4,249 5,000,000 Citigroup, Inc 5.000 N/A‡ 5,152 6,875,000 Cooperatieve Rabobank UA 3.950 11/09/22 7,239 4,500,000 g Cooperatieve Rabobank UA 2.625 07/22/24 4,747 15,225,000 Cooperatieve Rabobank UA 3.750 07/21/26 16,604 4,125,000 g Credicorp Ltd 2.750 06/17/25 4,203 11,050,000 g Credit Agricole S.A. 3.250 10/04/24 11,861 10,350,000 g Credit Agricole S.A. 1.247 01/26/27 10,123 2,450,000 g DBS Group Holdings Ltd 4.520 12/11/28 2,653 4,875,000 Discover Bank 3.200 08/09/21 4,912 8,200,000 Discover Bank 2.450 09/12/24 8,583 8,455,000 Discover Bank 3.450 07/27/26 9,150 4,575,000 Discover Bank 2.700 02/06/30 4,606 4,000,000 g Grupo Aval Ltd 4.750 09/26/22 4,174 3,325,000 g Grupo Aval Ltd 4.375 02/04/30 3,354 GBP 500,000 HSBC Holdings plc 2.175 06/27/23 701 $ 3,325,000 HSBC Holdings plc 2.633 11/07/25 3,475 6,100,000 HSBC Holdings plc 1.645 04/18/26 6,104 6,075,000 HSBC Holdings plc 3.900 05/25/26 6,699 20,075,000 HSBC Holdings plc 4.292 09/12/26 22,220 1,250,000 HSBC Holdings plc 4.375 11/23/26 1,392 6,450,000 HSBC Holdings plc 4.041 03/13/28 7,061 4,200,000 HSBC Holdings plc 2.013 09/22/28 4,127 4,375,000 HSBC Holdings plc 4.950 03/31/30 5,108 8,950,000 HSBC Holdings plc 3.973 05/22/30 9,685

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 3,850,000 HSBC Holdings plc 2.357% 08/18/31 $ 3,705 7,000,000 Huntington Bancshares, Inc 5.625 N/A‡ 7,781 13,025,000 Huntington National Bank 2.500 08/07/22 13,376 3,375,000 g ICICI Bank Ltd 3.800 12/14/27 3,570 4,350,000 g ING Groep NV 4.625 01/06/26 4,931 15,200,000 g ING Groep NV 1.400 07/01/26 15,122 2,125,000 g Intercorp Financial Services, Inc 4.125 10/19/27 2,232 500,000 g Intesa Sanpaolo S.p.A 5.710 01/15/26 560 4,850,000 JPMorgan Chase & Co 2.700 05/18/23 5,060 35,850,000 JPMorgan Chase & Co 2.301 10/15/25 37,318 20,000,000 JPMorgan Chase & Co 2.005 03/13/26 20,567 14,900,000 JPMorgan Chase & Co 3.200 06/15/26 16,107 EUR 600,000 JPMorgan Chase & Co 1.638 05/18/28 756 $ 12,000,000 JPMorgan Chase & Co 4.203 07/23/29 13,575 23,700,000 JPMorgan Chase & Co 3.702 05/06/30 25,832 44,675,000 JPMorgan Chase & Co 2.739 10/15/30 45,404 23,000,000 JPMorgan Chase & Co 4.493 03/24/31 26,500 24,550,000 JPMorgan Chase & Co 2.522 04/22/31 24,498 4,575,000 JPMorgan Chase & Co 2.956 05/13/31 4,660 13,350,000 JPMorgan Chase & Co 1.953 02/04/32 12,653 5,500,000 JPMorgan Chase & Co 5.000 N/A‡ 5,686 11,100,000 JPMorgan Chase & Co 6.100 N/A‡ 11,949 9,000,000 Mitsubishi UFJ Financial Group, Inc 2.193 02/25/25 9,283 4,675,000 g Mizrahi Tefahot Bank Ltd 3.077 04/07/31 4,669 5,700,000 MUFG Americas Holdings Corp 3.500 06/18/22 5,910 8,850,000 Natwest Group plc 3.032 11/28/35 8,444 3,100,000 g Oversea-Chinese Banking Corp Ltd 1.832 09/10/30 3,072 4,000,000 PNC Bank NA 2.700 10/22/29 4,088 6,000,000 PNC Financial Services Group, Inc 3.900 04/29/24 6,547 11,800,000 Royal Bank of Canada 2.550 07/16/24 12,445 6,325,000 Royal Bank of Scotland Group plc 3.073 05/22/28 6,581 9,350,000 Santander Holdings USA, Inc 3.400 01/18/23 9,762 Sumitomo Mitsui Financial Group, 3,675,000 2.778 10/18/22 3,801 Inc Sumitomo Mitsui Financial Group, 11,050,000 2.696 07/16/24 11,682 Inc 5,385,000 SVB Financial Group 4.100 N/A‡ 5,398 11,000,000 Toronto-Dominion Bank 1.150 06/12/25 11,005 2,350,000 Toronto-Dominion Bank 3.625 09/15/31 2,576 5,700,000 Truist Bank 2.750 05/01/23 5,969 4,575,000 Truist Bank 1.500 03/10/25 4,648 5,000,000 Truist Financial Corp 4.000 05/01/25 5,526 5,000,000 Truist Financial Corp 4.950 N/A‡ 5,419 9,000,000 Truist Financial Corp 4.800 N/A‡ 9,437 5,275,000 g UBS Group AG. 2.095 02/11/32 4,990 450,000 g UniCredit S.p.A 2.569 09/22/26 452 2,550,000 g United Overseas Bank Ltd 3.750 04/15/29 2,726 8,400,000 Wells Fargo & Co 3.750 01/24/24 9,083 5,300,000 Wells Fargo & Co 3.550 09/29/25 5,777 5,600,000 Wells Fargo & Co 3.000 10/23/26 5,977 21,575,000 Wells Fargo & Co 2.393 06/02/28 22,112 11,950,000 Wells Fargo & Co 2.879 10/30/30 12,310 8,500,000 Wells Fargo & Co 5.875 N/A‡ 9,359 6,000,000 Wells Fargo & Co 5.900 N/A‡ 6,377

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 10,000,000 Wells Fargo & Co 3.900 N/A‡ 10,099 4,650,000 Westpac Banking Corp 2.850 05/13/26 4,963 6,450,000 Westpac Banking Corp 4.110 07/24/34 6,887 TOTAL BANKS 1,188,221

316

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) CAPITAL GOODS - 1.4% $ 5,000,000 Air Lease Corp 3.125% 12/01/30 $ 4,985 EUR 400,000 Airbus SE 1.625 06/09/30 507 GBP 1,000,000 BAE Systems plc 4.125 06/08/22 1,434 $ 4,175,000 g BAE Systems plc 3.400 04/15/30 4,432 2,475,000 g BAE Systems plc 1.900 02/15/31 2,322 225,000 g Beacon Roofing Supply, Inc 4.500 11/15/26 231 3,600,000 g BOC Aviation Ltd 3.000 09/11/29 3,591 31,650,000 Boeing Co 2.196 02/04/26 31,552 13,350,000 Boeing Co 2.950 02/01/30 13,313 3,352,000 Boeing Co 3.250 02/01/35 3,248 2,000,000 g DAE Funding LLC 2.625 03/20/25 2,009 4,525,000 g DAE Funding LLC 3.375 03/20/28 4,488 3,775,000 g Embraer Netherlands Finance BV 6.950 01/17/28 4,151 1,432,000 General Electric Co 5.875 01/14/38 1,853 108,000 General Electric Co 6.875 01/10/39 152 3,075,000 g H&E Equipment Services, Inc 3.875 12/15/28 2,990 EUR 500,000 Honeywell International, Inc 0.000 03/10/24 589 $ 275,000 Howmet Aerospace, Inc 6.875 05/01/25 319 Ingersoll-Rand Global Holding Co 1,000,000 e 3.750 08/21/28 1,097 Ltd Ingersoll-Rand Luxembourg 13,245,000 3.800 03/21/29 14,531 Finance S.A. 3,000,000 e,g Korea East-West Power Co Ltd 1.750 05/06/25 3,058 3,150,000 L3Harris Technologies, Inc 3.850 06/15/23 3,361 1,700,000 Lockheed Martin Corp 1.850 06/15/30 1,655 2,150,000 Lockheed Martin Corp 2.800 06/15/50 2,028 9,825,000 g Molex Electronic Technologies LLC 3.900 04/15/25 10,006 8,925,000 Northrop Grumman Corp 3.250 01/15/28 9,574 EUR 500,000 Parker-Hannifin Corp 1.125 03/01/25 610 $ 19,200,000 Parker-Hannifin Corp 3.250 06/14/29 20,520 6,600,000 Raytheon Technologies Corp 2.250 07/01/30 6,495 325,000 g Rolls-Royce plc 5.750 10/15/27 346 5,475,000 Roper Technologies, Inc 1.400 09/15/27 5,290 2,650,000 Roper Technologies, Inc 2.950 09/15/29 2,759 5,775,000 Roper Technologies, Inc 2.000 06/30/30 5,518 4,000,000 g TSMC Global Ltd 1.000 09/28/27 3,844 361,000 United Technologies Corp 3.650 08/16/23 386 16,850,000 United Technologies Corp 4.125 11/16/28 18,975 6,665,000 United Technologies Corp 4.500 06/01/42 7,948 400,000 g WESCO Distribution, Inc 7.125 06/15/25 437 300,000 g WESCO Distribution, Inc 7.250 06/15/28 335 TOTAL CAPITAL GOODS 200,939

COMMERCIAL & PROFESSIONAL SERVICES - 0.3% 875,000 AECOM 5.875 10/15/24 983 325,000 g ASGN, Inc 4.625 05/15/28 335 750,000 g GFL Environmental, Inc 4.250 06/01/25 772 1,000,000 g GFL Environmental, Inc 3.750 08/01/25 1,015 1,950,000 IHS Markit Ltd 4.125 08/01/23 2,090 3,175,000 IHS Markit Ltd 4.250 05/01/29 3,576 Prime Security Services Borrower 2,350,000 g 5.250 04/15/24 2,507 LLC

317

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) Prime Security Services Borrower $ 1,325,000 g 3.375% 08/31/27 $ 1,285 LLC Prime Security Services Borrower 725,000 g 6.250 01/15/28 755 LLC EUR 500,000 RELX Capital, Inc 1.300 05/12/25 617 $ 7,971,000 Republic Services, Inc 2.900 07/01/26 8,501 1,250,000 Verisk Analytics, Inc 4.125 03/15/29 1,389 1,050,000 Verisk Analytics, Inc 3.625 05/15/50 1,032 9,650,000 Waste Management, Inc 2.900 09/15/22 9,945 2,225,000 Waste Management, Inc 4.100 03/01/45 2,512 3,550,000 Waste Management, Inc 2.500 11/15/50 3,066 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 42,544

CONSUMER DURABLES & APPAREL - 0.0% 1,600,000 Leggett & Platt, Inc 4.400 03/15/29 1,788 149,000 Newell Brands, Inc 4.875 06/01/25 164 TOTAL CONSUMER DURABLES & APPAREL 1,952

CONSUMER SERVICES - 0.8% 9,820,000 Amherst College 4.100 11/01/45 11,186 29,085,000 Anheuser-Busch Cos LLC 3.650 02/01/26 31,979 9,500,000 Anheuser-Busch Cos LLC 4.900 02/01/46 11,348 1,100,000 g Arcos Dorados Holdings, Inc 5.875 04/04/27 1,159 EUR 350,000 g Carnival Corp 7.625 03/01/26 443 $ 1,825,000 g Cedar Fair LP 5.500 05/01/25 1,921 3,800,000 g ENA Master Trust 4.000 05/19/48 3,857 125,000 g Hilton Domestic Operating Co, Inc 5.375 05/01/25 132 125,000 g Hilton Domestic Operating Co, Inc 5.750 05/01/28 135 1,610,000 g International Game Technology plc 6.500 02/15/25 1,767 EUR 500,000 g International Game Technology plc 3.500 06/15/26 598 President and Fellows of Harvard $ 8,000,000 3.529 10/01/31 9,182 College President and Fellows of Harvard 14,250,000 3.619 10/01/37 15,978 College 2,100,000 Sands China Ltd 5.400 08/08/28 2,399 1,000,000 g Scientific Games International, Inc 5.000 10/15/25 1,036 EUR 500,000 g Scientific Games International, Inc 3.375 02/15/26 586 $ 15,000,000 Smith College 4.620 07/01/45 18,350 1,125,000 g Wynn Macau Ltd 5.500 01/15/26 1,174 100,000 g Yum! Brands, Inc 7.750 04/01/25 109 TOTAL CONSUMER SERVICES 113,339

DIVERSIFIED FINANCIALS - 3.4% 6,475,000 AerCap Ireland Capital DAC 1.750 01/30/26 6,289 3,500,000 AerCap Ireland Capital DAC 3.650 07/21/27 3,673 7,000,000 AerCap Ireland Capital DAC 4.625 10/15/27 7,679 5,525,000 American Express Co 2.500 08/01/22 5,674 4,000,000 American Express Co 3.700 08/03/23 4,281 2,775,000 American Express Credit Corp 3.300 05/03/27 3,036 EUR 425,000 American Honda Finance Corp 1.950 10/18/24 533 $ 3,975,000 Ameriprise Financial, Inc 3.000 03/22/22 4,079 6,000,000 g Banco BTG Pactual S.A. 2.750 01/11/26 5,676 10,000,000 Bank of New York Mellon Corp 4.700 N/A‡ 10,834 2,700,000 g BBVA Bancomer S.A. 1.875 09/18/25 2,703

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 300,000 g BBVA Bancomer S.A. 5.350 11/12/29 309 1,500,000 g BBVA Bancomer S.A. 5.125 01/18/33 1,543 4,525,000 Berkshire Hathaway, Inc 3.125 03/15/26 4,926 7,674,000 g BPCE S.A. 4.625 07/11/24 8,465

318

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 20,775,000 Capital One Bank USA NA 3.375% 02/15/23 $ 21,822 EUR 150,000 Capital One Financial Corp 0.800 06/12/24 180 $ 6,000,000 Charles Schwab Corp 4.000 N/A‡ 6,089 6,250,000 Community Preservation Corp 2.867 02/01/30 6,193 9,800,000 g Credit Suisse Group AG. 2.997 12/14/23 10,131 8,475,000 g Credit Suisse Group AG. 2.193 06/05/26 8,613 10,275,000 g Credit Suisse Group AG. 1.305 02/02/27 9,946 GBP 300,000 Credit Suisse Group AG. 2.250 06/09/28 420 $ 8,525,000 g Credit Suisse Group AG. 4.194 04/01/31 9,274 Credit Suisse Group Funding 7,700,000 3.800 06/09/23 8,170 Guernsey Ltd Credit Suisse Group Funding 10,250,000 3.750 03/26/25 11,044 Guernsey Ltd GBP 300,000 Danske Bank A.S. 2.250 01/14/28 423 $ 500,000 Deutsche Bank AG. 2.129 11/24/26 501 3,543,000 Equitable Holdings, Inc 4.950 N/A‡ 3,747 4,000,000 Ford Motor Credit Co LLC 3.096 05/04/23 4,065 GE Capital International Funding 4,825,000 3.373 11/15/25 5,232 Co GE Capital International Funding 35,700,000 4.418 11/15/35 40,868 Co 20,000,000 General Motors Financial Co, Inc 2.750 06/20/25 20,878 5,475,000 General Motors Financial Co, Inc 5.650 01/17/29 6,495 11,000,000 General Motors Financial Co, Inc 3.600 06/21/30 11,603 5,450,000 General Motors Financial Co, Inc 5.700 N/A‡ 5,886 13,575,000 Goldman Sachs Group, Inc 3.500 01/23/25 14,649 EUR 825,000 Goldman Sachs Group, Inc 1.625 07/27/26 1,032 $ 3,500,000 Goldman Sachs Group, Inc 1.093 12/09/26 3,430 10,975,000 Goldman Sachs Group, Inc 1.431 03/09/27 10,877 26,625,000 Goldman Sachs Group, Inc 3.691 06/05/28 29,132 6,875,000 Goldman Sachs Group, Inc 1.992 01/27/32 6,525 6,075,000 Goldman Sachs Group, Inc 4.017 10/31/38 6,737 7,675,000 Goldman Sachs Group, Inc 4.800 07/08/44 9,429 3,000,000 Goldman Sachs Group, Inc 4.950 N/A‡ 3,173 378 Golondrina Leasing LLC 1.822 05/03/25 0^ 1,600,000 Indian Railway Finance Corp Ltd 3.730 03/29/24 1,706 1,975,000 g Indian Railway Finance Corp Ltd 3.249 02/13/30 1,963 3,600,000 e,g Indian Railway Finance Corp Ltd 2.800 02/10/31 3,414 5,000,000 International Lease Finance Corp 5.875 08/15/22 5,347 3,600,000 g Inversiones CMPC S.A. 3.000 04/06/31 3,574 1,305,000 Legg Mason, Inc 3.950 07/15/24 1,435 3,000,000 g Minejesa Capital BV 4.625 08/10/30 3,124 19,000,000 Morgan Stanley 2.188 04/28/26 19,631 37,625,000 Morgan Stanley 3.125 07/27/26 40,495 EUR 700,000 Morgan Stanley 1.342 10/23/26 863 $ 6,900,000 Morgan Stanley 3.625 01/20/27 7,571 21,500,000 Morgan Stanley 2.699 01/22/31 21,877 3,350,000 g Power Finance Corp Ltd 3.950 04/23/30 3,421 550,000 Springleaf Finance Corp 5.375 11/15/29 585 5,600,000 g Swiss Re Finance Luxembourg SA 5.000 04/02/49 6,340 3,750,000 Synchrony Financial 4.375 03/19/24 4,088 5,519,000 Synchrony Financial 4.250 08/15/24 6,003 10,157,000 g UBS Group AG 2.859 08/15/23 10,471 1,000,000 Voya Financial, Inc 5.700 07/15/43 1,293

ENERGY - 3.6% 1,825,000 g Abu Dhabi Crude Oil Pipeline LLC 4.600 11/02/47 2,058

319

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,050,000 AmeriGas Partners LP 5.875% 08/20/26 $ 1,155 2,000,000 Cenovus Energy, Inc 5.375 07/15/25 2,248 5,250,000 Cenovus Energy, Inc 4.250 04/15/27 5,678 11,000,000 Chevron Corp 1.554 05/11/25 11,224 4,925,000 Chevron Corp 2.236 05/11/30 4,900 11,200,000 g ConocoPhillips 2.400 02/15/31 11,051 2,375,000 Crestwood Midstream Partners LP 5.750 04/01/25 2,388 10,000,000 Diamondback Energy, Inc 2.875 12/01/24 10,545 6,700,000 Diamondback Energy, Inc 3.125 03/24/31 6,689 5,250,000 Ecopetrol S.A. 5.375 06/26/26 5,887 4,100,000 Ecopetrol S.A. 6.875 04/29/30 4,991 1,230,000 Ecopetrol S.A. 5.875 05/28/45 1,312 3,000,000 g Empresa Nacional del Petroleo 5.250 11/06/29 3,345 8,225,000 Enbridge, Inc 3.125 11/15/29 8,553 2,624,000 g Energean Israel Finance Ltd 4.500 03/30/24 2,644 6,421,000 Energy Transfer Operating LP 3.600 02/01/23 6,687 5,930,000 Energy Transfer Operating LP 4.200 09/15/23 6,350 4,575,000 Energy Transfer Operating LP 2.900 05/15/25 4,761 4,725,000 Energy Transfer Operating LP 4.750 01/15/26 5,246 2,950,000 Energy Transfer Operating LP 5.500 06/01/27 3,402 7,850,000 Energy Transfer Operating LP 4.950 06/15/28 8,785 4,225,000 Energy Transfer Operating LP 5.250 04/15/29 4,809 10,350,000 Energy Transfer Operating LP 3.750 05/15/30 10,671 8,700,000 Energy Transfer Operating LP 6.250 04/15/49 10,212 9,125,000 Energy Transfer Operating LP 5.000 05/15/50 9,437 5,125,000 Enterprise Products Operating LLC 3.700 02/15/26 5,623 6,275,000 Enterprise Products Operating LLC 3.125 07/31/29 6,617 700,000 Enterprise Products Operating LLC 2.800 01/31/30 723 4,025,000 Enterprise Products Operating LLC 4.250 02/15/48 4,275 6,200,000 Enterprise Products Operating LLC 4.800 02/01/49 7,108 4,200,000 Enterprise Products Operating LLC 4.200 01/31/50 4,472 10,600,000 Enterprise Products Operating LLC 3.700 01/31/51 10,436 1,225,000 g EQM Midstream Partners LP 6.000 07/01/25 1,318 3,334,000 g Galaxy Pipeline Assets Bidco Ltd 2.160 03/31/34 3,227 3,300,000 g Galaxy Pipeline Assets Bidco Ltd 2.625 03/31/36 3,146 300,000 g Gazprom OAO Via Gaz Capital S.A. 4.950 03/23/27 328 3,475,000 g KazTransGas JSC 4.375 09/26/27 3,869 4,850,000 Kinder Morgan Energy Partners LP 5.400 09/01/44 5,684 2,065,000 Kinder Morgan, Inc 5.300 12/01/34 2,439 800,000 g Leviathan Bond Ltd 6.125 06/30/25 868 10,675,000 Magellan Midstream Partners LP 3.250 06/01/30 11,176 9,075,000 Marathon Petroleum Corp 3.800 04/01/28 9,807 6,235,000 Marathon Petroleum Corp 4.750 09/15/44 6,915 5,500,000 Marathon Petroleum Corp 5.000 09/15/54 5,821 350,000 g MEG Energy Corp 5.875 02/01/29 351 8,950,000 MPLX LP 1.750 03/01/26 8,964 15,100,000 MPLX LP 2.650 08/15/30 14,797 6,150,000 MPLX LP 4.700 04/15/48 6,654 275,000 Murphy Oil Corp 5.875 12/01/27 269 1,000,000 NAK Naftogaz Ukraine via Kondor Finance plc 7.375 07/19/22 1,029 1,400,000 NuStar Logistics LP 5.750 10/01/25 1,499 3,000,000 Occidental Petroleum Corp 3.500 06/15/25 2,970 2,200,000 Occidental Petroleum Corp 5.550 03/15/26 2,327 3,900,000 Occidental Petroleum Corp 4.300 08/15/39 3,307

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,350,000 g Oleoducto Central S.A. 4.000% 07/14/27 $ 1,426 1,775,000 ONEOK, Inc 4.000 07/13/27 1,925 11,642,000 ONEOK, Inc 4.550 07/15/28 12,811 12,150,000 ONEOK, Inc 4.350 03/15/29 13,253 10,380,000 ONEOK, Inc 3.400 09/01/29 10,680 2,000,000 ONEOK, Inc 4.450 09/01/49 1,995 5,500,000 ONEOK, Inc 4.500 03/15/50 5,505 500,000 g Parkland Fuel Corp 5.875 07/15/27 533 3,000,000 g Pertamina Persero PT 4.300 05/20/23 3,177 2,800,000 g Pertamina Persero PT 1.400 02/09/26 2,723 1,425,000 g Pertamina Persero PT 3.650 07/30/29 1,488 2,100,000 g Peru LNG Srl 5.375 03/22/30 1,882 1,200,000 Petrobras Global Finance BV 5.999 01/27/28 1,319 1,100,000 Petrobras Global Finance BV 5.093 01/15/30 1,143 4,000,000 Petrobras Global Finance BV 5.600 01/03/31 4,215 750,000 Petrobras Global Finance BV 7.250 03/17/44 859 2,000,000 g Petroleos del Peru S.A. 5.625 06/19/47 2,101 EUR 375,000 Petroleos Mexicanos 1.875 04/21/22 439 $ 4,000,000 Petroleos Mexicanos 1.950 12/20/22 4,055 2,140,000 Petroleos Mexicanos 2.000 12/20/22 2,172 2,000,000 Petroleos Mexicanos 4.500 01/23/26 1,986 3,775,000 Petroleos Mexicanos 6.500 03/13/27 3,945 2,650,000 Petroleos Mexicanos 5.350 02/12/28 2,577 2,988,000 Petroleos Mexicanos 7.000 01/23/30 3,033 5,300,000 Petroleos Mexicanos 5.950 01/28/31 5,088 1,950,000 g Petronas Capital Ltd 3.500 04/21/30 2,082 4,375,000 e,g Petronas Energy Canada Ltd 2.112 03/23/28 4,319 3,250,000 Phillips 66 Partners LP 3.150 12/15/29 3,297 3,275,000 Phillips 66 Partners LP 4.680 02/15/45 3,401 475,000 Plains All American Pipeline LP 3.800 09/15/30 484 1,900,000 g PTTEP Treasury Center Co Ltd 2.587 06/10/27 1,952 1,200,000 Regency Energy Partners LP 4.500 11/01/23 1,292 2,570,500 g Rio Oil Finance Trust 8.200 04/06/28 2,924 9,875,000 Sabine Pass Liquefaction LLC 4.200 03/15/28 10,834 10,200,000 Sabine Pass Liquefaction LLC 4.500 05/15/30 11,446 6,975,000 g Saudi Arabian Oil Co 2.250 11/24/30 6,680 5,000,000 g Saudi Arabian Oil Co 3.250 11/24/50 4,525 5,550,000 Shell International Finance BV 2.250 01/06/23 5,737 4,875,000 Shell International Finance BV 2.875 05/10/26 5,200 6,900,000 Shell International Finance BV 3.125 11/07/49 6,656 Sunoco Logistics Partners 6,500,000 4.000 10/01/27 6,990 Operations LP Sunoco Logistics Partners 1,925,000 5.400 10/01/47 2,079 Operations LP 425,000 Targa Resources Partners LP 6.500 07/15/27 462 4,300,000 g Thaioil Treasury Center Co Ltd 2.500 06/18/30 4,100 11,000,000 Total Capital International S.A. 3.127 05/29/50 10,356 19,150,000 TransCanada PipeLines Ltd 4.250 05/15/28 21,525 1,400,000 Vale Overseas Ltd 6.250 08/10/26 1,665 14,750,000 Williams Cos, Inc 2.600 03/15/31 14,417 5,075,000 Williams Partners LP 3.750 06/15/27 5,532 2,000,000 g YPF S.A. 8.500 07/28/25 1,400 TOTAL ENERGY 520,732

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document FOOD & STAPLES RETAILING - 0.6% 5,225,000 Costco Wholesale Corp 1.375 06/20/27 5,207

321

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 7,850,000 Costco Wholesale Corp 1.600% 04/20/30 $ 7,518 2,450,000 Costco Wholesale Corp 1.750 04/20/32 2,329 1,223,000 Ingles Markets, Inc 5.750 06/15/23 1,232 5,575,000 Kroger Co 3.700 08/01/27 6,204 3,140,000 Kroger Co 3.875 10/15/46 3,280 1,325,000 Kroger Co 4.450 02/01/47 1,494 2,636,000 Kroger Co 3.950 01/15/50 2,848 EUR 1,000,000 SYSCO Corp 1.250 06/23/23 1,203 $ 22,300,000 Walmart, Inc 3.700 06/26/28 25,081 18,000,000 Walmart, Inc 2.375 09/24/29 18,418 6,150,000 Walmart, Inc 3.950 06/28/38 7,109 TOTAL FOOD & STAPLES RETAILING 81,923

FOOD, BEVERAGE & TOBACCO - 1.1% 1,182,000 Altria Group, Inc 4.800 02/14/29 1,358 3,375,000 Altria Group, Inc 3.400 05/06/30 3,531 5,800,000 Altria Group, Inc 5.950 02/14/49 7,221 Anheuser-Busch InBev Worldwide, 18,600,000 4.750 01/23/29 21,735 Inc Anheuser-Busch InBev Worldwide, 5,045,000 4.439 10/06/48 5,666 Inc 6,275,000 BAT Capital Corp 2.259 03/25/28 6,178 16,425,000 BAT Capital Corp 4.906 04/02/30 18,754 12,850,000 BAT Capital Corp 2.726 03/25/31 12,428 5,500,000 BAT Capital Corp 4.540 08/15/47 5,538 6,900,000 BAT Capital Corp 3.984 09/25/50 6,467 1,500,000 e,g BRF S.A. 5.750 09/21/50 1,479 1,700,000 Constellation Brands, Inc 4.400 11/15/25 1,916 2,675,000 Constellation Brands, Inc 3.700 12/06/26 2,938 1,825,000 Constellation Brands, Inc 3.600 02/15/28 1,985 3,225,000 Constellation Brands, Inc 3.150 08/01/29 3,378 1,125,000 Constellation Brands, Inc 2.875 05/01/30 1,149 3,000,000 g Corp Lindley S.A. 4.625 04/12/23 3,094 5,500,000 Diageo Capital plc 2.125 10/24/24 5,740 4,500,000 Diageo Capital plc 1.375 09/29/25 4,542 8,050,000 Diageo Capital plc 2.375 10/24/29 8,105 3,900,000 Diageo Capital plc 2.000 04/29/30 3,813 3,600,000 g Embotelladora Andina S.A. 3.950 01/21/50 3,802 1,550,000 General Mills, Inc 2.875 04/15/30 1,600 3,700,000 g Grupo Bimbo SAB de C.V. 4.700 11/10/47 4,100 2,400,000 g Grupo Bimbo SAB de C.V. 5.950 N/A‡ 2,538 EUR 450,000 Mondelez International, Inc 1.375 03/17/41 518 $ 3,125,000 PepsiCo, Inc 3.450 10/06/46 3,304 1,600,000 Philip Morris International, Inc 6.375 05/16/38 2,210 2,050,000 g Post Holdings, Inc 4.625 04/15/30 2,055 3,500,000 g Sigma Alimentos S.A. de C.V. 4.125 05/02/26 3,787 1,000,000 Tyson Foods, Inc 4.350 03/01/29 1,138 TOTAL FOOD, BEVERAGE & TOBACCO 152,067

HEALTH CARE EQUIPMENT & SERVICES - 2.0% 9,700,000 Abbott Laboratories 1.150 01/30/28 9,322 2,250,000 Abbott Laboratories 5.300 05/27/40 2,978 9,000,000 Anthem, Inc 2.250 05/15/30 8,858 4,475,000 Anthem, Inc 3.600 03/15/51 4,632

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EUR 430,000 Becton Dickinson & Co 1.401 05/24/23 519 670,000 Becton Dickinson & Co 1.900 12/15/26 855

322

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 8,450,000 Becton Dickinson & Co 2.823% 05/20/30 $ 8,663 4,850,000 Boston Scientific Corp 4.000 03/01/29 5,395 3,650,000 Centene Corp 4.250 12/15/27 3,839 2,910,000 Centene Corp 3.000 10/15/30 2,905 19,230,000 Children’s Hospital Medic 4.268 05/15/44 22,277 5,350,000 Cigna Corp 2.400 03/15/30 5,305 5,075,000 Cigna Corp 3.200 03/15/40 5,075 13,400,000 CVS Health Corp 3.625 04/01/27 14,707 26,450,000 CVS Health Corp 3.750 04/01/30 28,853 25,800,000 CVS Health Corp 1.750 08/21/30 24,082 7,675,000 CVS Health Corp 1.875 02/28/31 7,209 10,300,000 CVS Health Corp 4.780 03/25/38 12,156 4,675,000 CVS Health Corp 2.700 08/21/40 4,305 8,350,000 CVS Health Corp 5.050 03/25/48 10,251 3,750,000 CVS Health Corp 4.250 04/01/50 4,209 4,105,000 Dartmouth-Hitchcock Health 4.178 08/01/48 4,536 1,250,000 g DaVita, Inc 4.625 06/01/30 1,274 4,325,000 g DaVita, Inc 3.750 02/15/31 4,125 EUR 500,000 DH Europe Finance Sarl 1.200 06/30/27 618 $ 4,225,000 HCA, Inc 5.625 09/01/28 4,859 5,000,000 HCA, Inc 5.500 06/15/47 6,219 3,500,000 g Hologic, Inc 3.250 02/15/29 3,456 6,250,000 Humana, Inc 3.950 03/15/27 6,970 GBP 500,000 McKesson Corp 3.125 02/17/29 743 $ 12,500,000 Mercy Health 3.382 11/01/25 13,612 500,000 g Molina Healthcare, Inc 4.375 06/15/28 514 5,000,000 New York and Presbyterian Hospital 3.563 08/01/36 5,125 10,150,000 g SBA Tower Trust 2.836 01/15/25 10,647 11,046,000 g SBA Tower Trust 1.884 01/15/26 11,179 EUR 450,000 Stryker Corp 2.625 11/30/30 623 $ 150,000 g Teleflex, Inc 4.250 06/01/28 155 375,000 g Tenet Healthcare Corp 4.625 06/15/28 384 5,775,000 UnitedHealth Group, Inc 2.950 10/15/27 6,199 4,625,000 UnitedHealth Group, Inc 3.750 10/15/47 5,055 2,150,000 Zimmer Biomet Holdings, Inc 3.700 03/19/23 2,274 3,745,000 Zimmer Biomet Holdings, Inc 3.550 04/01/25 4,058 TOTAL HEALTH CARE EQUIPMENT & SERVICES 279,020

HOUSEHOLD & PERSONAL PRODUCTS - 0.0% EUR 600,000 The Procter & Gamble Company 0.625 10/30/24 724 400,000 The Procter & Gamble Company 1.875 10/30/38 560 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 1,284

INSURANCE - 1.3% $ 1,925,000 Aetna, Inc 6.625 06/15/36 2,687 825,000 g Alliant Holdings Intermediate LLC 4.250 10/15/27 826 2,700,000 American Financial Group, Inc 3.500 08/15/26 2,926 6,350,000 Aon Corp 2.800 05/15/30 6,489 12,975,000 Aon plc 3.500 06/14/24 13,940 5,250,000 AXIS Specialty Finance LLC 4.900 01/15/40 5,381 2,275,000 Berkshire Hathaway Finance Corp 1.850 03/12/30 2,220 2,400,000 Berkshire Hathaway Finance Corp 4.250 01/15/49 2,778 21,100,000 Berkshire Hathaway Finance Corp 2.850 10/15/50 19,448 6,250,000 Chubb INA Holdings, Inc 2.875 11/03/22 6,464

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) EUR 450,000 Chubb INA Holdings, Inc 0.875% 06/15/27 $ 546 500,000 Chubb INA Holdings, Inc 1.550 03/15/28 629 450,000 Chubb INA Holdings, Inc 1.400 06/15/31 562 $ 3,525,000 CNA Financial Corp 3.950 05/15/24 3,829 3,775,000 CNA Financial Corp 2.050 08/15/30 3,588 Equitable Financial Life Global 1,825,000 g 1.400 07/07/25 1,824 Funding EUR 250,000 g Fairfax Financial Holdings Ltd 2.750 03/29/28 317 $ 5,575,000 g Five Corners Funding Trust 4.419 11/15/23 6,116 7,325,000 g Five Corners Funding Trust II 2.850 05/15/30 7,549 Hartford Financial Services Group, 26,158,000 2.800 08/19/29 27,135 Inc Hartford Financial Services Group, 1,350,000 4.300 04/15/43 1,518 Inc EUR 750,000 Liberty Mutual Group, Inc 2.750 05/04/26 988 $ 4,100,000 g Liberty Mutual Group, Inc 3.951 10/15/50 4,229 1,600,000 Marsh & McLennan Cos, Inc 3.500 06/03/24 1,723 1,365,000 Marsh & McLennan Cos, Inc 3.500 03/10/25 1,481 4,325,000 MetLife, Inc 3.600 11/13/25 4,754 5,000,000 i MetLife, Inc 3.759 N/A‡ 4,987 11,820,000 MetLife, Inc 3.850 N/A‡ 12,204 3,025,000 g Metropolitan Life Global Funding I 2.950 04/09/30 3,152 11,875,000 PartnerRe Finance B LLC 4.500 10/01/50 12,116 6,000,000 Principal Financial Group, Inc 2.125 06/15/30 5,770 2,500,000 Prudential Financial, Inc 3.905 12/07/47 2,705 6,960,000 Prudential Financial, Inc 3.700 10/01/50 7,038 3,000,000 g Prudential Funding LLC 6.750 09/15/23 3,414 4,150,000 Reinsurance Group of America, Inc 3.900 05/15/29 4,549 U.S. Treasury Bill 3 7,750,000 g,i Vitality Re IX Ltd 1.610 01/10/22 7,673 M + 1.600% U.S. Treasury Bill 3 3,500,000 g,i Vitality Re X Ltd 1.765 01/10/23 3,483 M + 1.750% TOTAL INSURANCE 197,038

MATERIALS - 1.3% 1,200,000 g Alpek SAB de C.V. 4.250 09/18/29 1,270 2,800,000 g Alpek SAB de C.V. 3.250 02/25/31 2,769 4,550,000 g Anglo American Capital plc 2.625 09/10/30 4,453 11,325,000 AngloGold Ashanti Holdings plc 3.750 10/01/30 11,450 200,000 g Arconic Corp 6.000 05/15/25 216 Ardagh Metal Packaging Finance EUR 250,000 g 2.000 09/01/28 293 USA LLC Ardagh Metal Packaging Finance 250,000 g 3.000 09/01/29 291 USA LLC 200,000 g Ashland Services BV 2.000 01/30/28 233 250,000 Ball Corp 4.375 12/15/23 324 425,000 Ball Corp 0.875 03/15/24 500 $ 1,875,000 Ball Corp 2.875 08/15/30 1,806 852,000 Bemis Co, Inc 3.100 09/15/26 908 2,600,000 Bemis Co, Inc 2.630 06/19/30 2,593 14,250,000 g Berry Global, Inc 1.570 01/15/26 14,025 Celulosa Arauco y Constitucion 200,000 3.875 11/02/27 216 S.A.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Celulosa Arauco y Constitucion 3,000,000 g 4.250 04/30/29 3,273 S.A. Celulosa Arauco y Constitucion 1,650,000 g 4.200 01/29/30 1,776 S.A. 2,000,000 g Cemex SAB de C.V. 7.375 06/05/27 2,264 2,500,000 g Cemex SAB de C.V. 5.450 11/19/29 2,739 2,925,000 g Cemex SAB de C.V. 3.875 07/11/31 2,855 6,900,000 g Corp Nacional del Cobre de Chile 3.625 08/01/27 7,455 3,000,000 g Corp Nacional del Cobre de Chile 3.150 01/14/30 3,111

324

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 2,000,000 g Corp Nacional del Cobre de Chile 3.150% 01/15/51 $ 1,825 2,000,000 g Corp Nacional del Cobre de Chile-CODELCO 3.700 01/30/50 2,004 4,000,000 DowDuPont, Inc 4.725 11/15/28 4,649 500,000 g Element Solutions, Inc 3.875 09/01/28 493 3,000,000 Freeport-McMoRan, Inc 5.450 03/15/43 3,609 2,600,000 g Fresnillo plc 4.250 10/02/50 2,554 Gold Fields Orogen Holdings BVI 1,850,000 g 6.125 05/15/29 2,164 Ltd 50,000 g Hudbay Minerals, Inc 4.500 04/01/26 52 1,275,000 g Hudbay Minerals, Inc 6.125 04/01/29 1,361 EUR 350,000 g INEOS Finance plc 2.875 05/01/26 414 $ 2,561,000 International Paper Co 5.000 09/15/35 3,092 3,750,000 International Paper Co 4.350 08/15/48 4,334 3,000,000 g Inversiones CMPC S.A. 4.375 04/04/27 3,299 1,500,000 g Inversiones CMPC S.A. 3.850 01/13/30 1,599 1,300,000 g Klabin Finance S.A. 4.875 09/19/27 1,420 3,500,000 g MEGlobal Canada ULC 5.000 05/18/25 3,889 5,800,000 g Midwest Connector Capital Co LLC 3.900 04/01/24 5,987 5,800,000 g Midwest Connector Capital Co LLC 4.625 04/01/29 5,881 1,725,000 Mosaic Co 4.875 11/15/41 1,904 4,000,000 Newmont Corp 2.250 10/01/30 3,897 2,000,000 g Nova Chemicals Corp 4.875 06/01/24 2,090 4,767,000 Nutrien Ltd 3.375 03/15/25 5,125 7,500,000 Nutrien Ltd 2.950 05/13/30 7,761 EUR 375,000 g OCI NV 3.125 11/01/24 450 $ 525,000 g OCI NV 5.250 11/01/24 546 2,375,000 g OCI NV 4.625 10/15/25 2,455 EUR 250,000 g OI European Group BV 3.125 11/15/24 303 $ 375,000 g PolyOne Corp 5.750 05/15/25 399 350,000 g POSCO 2.500 01/17/25 361 8,050,000 Praxair, Inc 1.100 08/10/30 7,320 2,550,000 g SABIC Capital II BV 4.000 10/10/23 2,748 1,850,000 Sasol Financing USA LLC 5.875 03/27/24 1,962 2,575,000 Sasol Financing USA LLC 4.375 09/18/26 2,627 1,300,000 Sasol Financing USA LLC 6.500 09/27/28 1,398 8,200,000 Sherwin-Williams Co 2.300 05/15/30 8,076 EUR 400,000 Silgan Holdings, Inc 3.250 03/15/25 472 $ 1,925,000 Suzano Austria GmbH 6.000 01/15/29 2,264 725,000 g Tronox, Inc 6.500 05/01/25 778 200,000 g UltraTech Cement Ltd 2.800 02/16/31 188 11,300,000 WRKCo, Inc 4.900 03/15/29 13,194 TOTAL MATERIALS 179,764

MEDIA & ENTERTAINMENT - 2.6% 4,350,000 Activision Blizzard, Inc 3.400 09/15/26 4,755 3,700,000 Activision Blizzard, Inc 1.350 09/15/30 3,342 3,000,000 g Banco Nacional de Panama 2.500 08/11/30 2,784 EUR 150,000 Becton Dickinson Euro Finance Sarl 1.213 02/12/36 174 $ 1,775,000 g Cable Onda S.A. 4.500 01/30/30 1,885 5,000,000 g CCO Holdings LLC 4.250 02/01/31 5,011 Charter Communications Operating 8,000,000 3.750 02/15/28 8,663 LLC Charter Communications Operating 8,350,000 4.200 03/15/28 9,204 LLC

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Charter Communications Operating 5,000,000 2.800 04/01/31 4,934 LLC Charter Communications Operating 6,150,000 5.125 07/01/49 6,919 LLC Charter Communications Operating 21,620,000 4.800 03/01/50 23,192 LLC

325

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 11,800,000 Comcast Corp 3.950% 10/15/25 $ 13,182 10,650,000 Comcast Corp 2.350 01/15/27 11,117 6,670,000 Comcast Corp 3.300 02/01/27 7,278 EUR 450,000 Comcast Corp 0.250 05/20/27 532 $ 31,750,000 Comcast Corp 4.150 10/15/28 36,336 11,875,000 Comcast Corp 2.650 02/01/30 12,156 15,000,000 Comcast Corp 3.400 04/01/30 16,241 12,175,000 Comcast Corp 1.950 01/15/31 11,726 7,675,000 Comcast Corp 1.500 02/15/31 7,121 5,000,000 Comcast Corp 4.400 08/15/35 5,847 18,200,000 Comcast Corp 3.200 07/15/36 18,980 3,000,000 Comcast Corp 3.900 03/01/38 3,370 2,500,000 Comcast Corp 4.700 10/15/48 3,089 28,150,000 Comcast Corp 2.800 01/15/51 25,811 7,700,000 Comcast Corp 2.450 08/15/52 6,584 1,500,000 g CSC Holdings LLC 7.500 04/01/28 1,654 5,000,000 g CSC Holdings LLC 3.375 02/15/31 4,712 EUR 500,000 g Diebold Nixdorf Dutch Holding BV 9.000 07/15/25 647 $ 2,099,000 Discovery Communications LLC 2.950 03/20/23 2,193 GBP 300,000 Discovery Communications LLC 2.500 09/20/24 431 $ 6,375,000 Discovery Communications LLC 3.625 05/15/30 6,822 6,400,000 Discovery Communications LLC 5.200 09/20/47 7,588 3,000,000 DISH DBS Corp 7.375 07/01/28 3,147 2,000,000 g Empresa de los Ferrocarriles del Estado 3.068 08/18/50 1,745 1,975,000 g Gray Television, Inc 4.750 10/15/30 1,958 1,895,000 Grupo Televisa SAB 6.625 01/15/40 2,435 650,000 Lamar Media Corp 3.750 02/15/28 649 1,000,000 Lamar Media Corp 4.000 02/15/30 997 8,300,000 g LUKOIL Securities BV 3.875 05/06/30 8,560 1,800,000 MDGH-GMTN BV 2.500 05/21/26 1,868 2,000,000 g Medco Bell Pte Ltd 6.375 01/30/27 2,006 Mexico Remittances Funding Fiduciary Estate Management 3,260,000 g 4.875 01/15/28 3,195 Sarl EUR 800,000 Omnicom Finance Holdings plc 0.800 07/08/27 965 $ 2,675,000 g Sirius XM Radio, Inc 4.125 07/01/30 2,678 975,000 g TEGNA, Inc 4.750 03/15/26 1,035 675,000 TEGNA, Inc 4.625 03/15/28 687 250,000 g Tencent Holdings Ltd 3.975 04/11/29 271 5,675,000 Time Warner Cable LLC 5.875 11/15/40 7,047 4,075,000 Time Warner Cable LLC 4.500 09/15/42 4,355 4,200,000 ViacomCBS, Inc 2.900 01/15/27 4,415 2,500,000 ViacomCBS, Inc 3.375 02/15/28 2,657 2,250,000 ViacomCBS, Inc 4.375 03/15/43 2,428 1,150,000 ViacomCBS, Inc 5.850 09/01/43 1,469 2,105,000 Walt Disney Co 7.625 11/30/28 2,874 12,750,000 Walt Disney Co 2.000 09/01/29 12,592 1,578,000 Walt Disney Co 6.550 03/15/33 2,185 10,900,000 Walt Disney Co 3.600 01/13/51 11,598 2,700,000 Weibo Corp 3.375 07/08/30 2,686 TOTAL MEDIA & 360,782 ENTERTAINMENT

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.9% EUR 400,000 Abbott Ireland Financing DAC 1.500 09/27/26 504

326

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) EUR 550,000 AbbVie, Inc 1.250% 06/01/24 $ 669 8,700,000 AbbVie, Inc 3.800 03/15/25 9,505 26,000,000 AbbVie, Inc 2.950 11/21/26 27,682 EUR 350,000 AbbVie, Inc 2.625 11/15/28 476 $ 22,275,000 AbbVie, Inc 3.200 11/21/29 23,695 12,850,000 AbbVie, Inc 4.050 11/21/39 14,387 6,700,000 AbbVie, Inc 4.400 11/06/42 7,787 2,680,000 AbbVie, Inc 4.450 05/14/46 3,088 9,525,000 AbbVie, Inc 4.250 11/21/49 10,778 5,650,000 AstraZeneca plc 3.125 06/12/27 6,080 EUR 750,000 g Avantor Funding, Inc 3.875 07/15/28 927 $ 1,500,000 g Avantor Funding, Inc 4.625 07/15/28 1,566 1,850,000 Bristol-Myers Squibb Co 2.900 07/26/24 1,977 1,366,000 Bristol-Myers Squibb Co 3.875 08/15/25 1,519 13,600,000 Bristol-Myers Squibb Co 3.450 11/15/27 14,955 6,575,000 Bristol-Myers Squibb Co 3.400 07/26/29 7,185 21,200,000 Bristol-Myers Squibb Co 1.450 11/13/30 19,807 4,570,000 Bristol-Myers Squibb Co 4.250 10/26/49 5,383 2,650,000 Bristol-Myers Squibb Co 2.550 11/13/50 2,355 10,000,000 Eli Lilly & Co 2.250 05/15/50 8,452 225,000 g Emergent BioSolutions, Inc 3.875 08/15/28 220 3,725,000 Gilead Sciences, Inc 1.200 10/01/27 3,571 1,775,000 Gilead Sciences, Inc 4.000 09/01/36 1,946 13,100,000 Gilead Sciences, Inc 2.800 10/01/50 11,643 125,000 g Jaguar Holding Co II 4.625 06/15/25 130 100,000 g Jaguar Holding Co II 5.000 06/15/28 104 3,950,000 Johnson & Johnson 2.900 01/15/28 4,271 3,750,000 Johnson & Johnson 3.400 01/15/38 4,113 15,800,000 Merck & Co, Inc 1.450 06/24/30 15,053 5,750,000 Mylan, Inc 4.550 04/15/28 6,494 9,600,000 Novartis Capital Corp 3.000 11/20/25 10,363 5,200,000 g Royalty Pharma plc 2.200 09/02/30 4,962 21,850,000 Takeda Pharmaceutical Co Ltd 2.050 03/31/30 21,059 EUR 400,000 g Takeda Pharmaceutical Co Ltd 3.000 11/21/30 563 400,000 Takeda Pharmaceutical Co Ltd 1.375 07/09/32 489 $ 1,975,000 Takeda Pharmaceutical Co Ltd 3.025 07/09/40 1,910 9,775,000 Thermo Fisher Scientific, Inc 4.133 03/25/25 10,855 4,200,000 g Viatris, Inc 2.700 06/22/30 4,147 2,425,000 g Viatris, Inc 3.850 06/22/40 2,482 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 276,803

REAL ESTATE - 2.2% 1,675,000 Alexandria Real Estate Equities, Inc 3.950 01/15/27 1,867 2,300,000 Alexandria Real Estate Equities, Inc 3.950 01/15/28 2,556 5,500,000 Alexandria Real Estate Equities, Inc 4.900 12/15/30 6,497 3,725,000 Alexandria Real Estate Equities, Inc 1.875 02/01/33 3,387 5,950,000 American Tower Corp 3.000 06/15/23 6,261 5,775,000 American Tower Corp 2.950 01/15/25 6,141 EUR 600,000 American Tower Corp 1.950 05/22/26 759 $ 2,418,000 American Tower Corp 3.375 10/15/26 2,615 10,000,000 American Tower Corp 2.750 01/15/27 10,438 1,600,000 American Tower Corp 3.600 01/15/28 1,728 8,850,000 American Tower Corp 3.800 08/15/29 9,636 13,700,000 American Tower Corp 2.900 01/15/30 13,927

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 9,925,000 American Tower Corp 1.875% 10/15/30 $ 9,285 Brandywine Operating Partnership 5,575,000 4.100 10/01/24 6,016 LP 5,825,000 Brixmor Operating Partnership LP 3.850 02/01/25 6,302 1,075,000 Brixmor Operating Partnership LP 2.250 04/01/28 1,055 1,950,000 Camden Property Trust 3.150 07/01/29 2,062 2,150,000 Camden Property Trust 2.800 05/15/30 2,206 2,800,000 Corporate Office Properties LP 2.750 04/15/31 2,708 1,700,000 Crown Castle International Corp 3.650 09/01/27 1,853 1,825,000 Crown Castle International Corp 3.800 02/15/28 1,988 14,025,000 Crown Castle International Corp 2.250 01/15/31 13,480 10,630,000 Crown Castle International Corp 2.100 04/01/31 10,037 3,075,000 Digital Realty Trust LP 3.700 08/15/27 3,390 1,600,000 Duke Realty LP 3.250 06/30/26 1,730 2,525,000 Duke Realty LP 4.000 09/15/28 2,801 3,125,000 Duke Realty LP 1.750 07/01/30 2,909 3,825,000 Equinix, Inc 2.150 07/15/30 3,637 2,754,000 Essex Portfolio LP 3.375 01/15/23 2,865 9,100,000 Essex Portfolio LP 3.000 01/15/30 9,323 6,600,000 Healthcare Realty Trust, Inc 3.875 05/01/25 7,158 3,000,000 Healthcare Realty Trust, Inc 3.625 01/15/28 3,224 1,750,000 Healthcare Realty Trust, Inc 2.400 03/15/30 1,704 1,850,000 Healthcare Realty Trust, Inc 2.050 03/15/31 1,735 Healthcare Trust of America 6,250,000 3.500 08/01/26 6,827 Holdings LP Healthcare Trust of America 11,400,000 3.100 02/15/30 11,764 Holdings LP 7,950,000 Highwoods Realty LP 3.875 03/01/27 8,604 2,900,000 Highwoods Realty LP 4.125 03/15/28 3,138 2,875,000 Highwoods Realty LP 4.200 04/15/29 3,122 6,000,000 Highwoods Realty LP 3.050 02/15/30 6,059 3,250,000 Highwoods Realty LP 2.600 02/01/31 3,174 1,833,000 Hudson Pacific Properties LP 3.950 11/01/27 1,965 3,000,000 Hudson Pacific Properties LP 3.250 01/15/30 3,019 800,000 iStar, Inc 4.750 10/01/24 832 850,000 Life Storage LP 2.200 10/15/30 803 575,000 g MGM Growth Properties Operating Partnership LP 4.625 06/15/25 606 5,224,000 Mid-America Apartments LP 4.300 10/15/23 5,645 5,525,000 Mid-America Apartments LP 3.750 06/15/24 5,978 4,300,000 Mid-America Apartments LP 4.000 11/15/25 4,771 7,734,000 Mid-America Apartments LP 3.600 06/01/27 8,415 11,100,000 Mid-America Apartments LP 2.750 03/15/30 11,206 5,400,000 Mid-America Apartments LP 1.700 02/15/31 4,961 2,575,000 National Retail Properties, Inc 4.000 11/15/25 2,828 3,000,000 National Retail Properties, Inc 3.600 12/15/26 3,252 EUR 360,000 ProLogis Euro Finance LLC 0.375 02/06/28 424 $ 7,225,000 Regency Centers LP 3.900 11/01/25 7,894 4,750,000 Regency Centers LP 3.600 02/01/27 5,141 5,500,000 Regency Centers LP 2.950 09/15/29 5,594 5,700,000 Retail Properties of America, Inc 4.750 09/15/30 6,033 2,968,000 SITE Centers Corp 3.625 02/01/25 3,099 350,000 SITE Centers Corp 4.700 06/01/27 382 775,000 g VICI Properties LP 3.500 02/15/25 789 1,170,000 Weingarten Realty Investors 3.375 10/15/22 1,209

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 4,800,000 Weingarten Realty Investors 3.500 04/15/23 5,024 3,025,000 Weingarten Realty Investors 4.450 01/15/24 3,274 3,950,000 Weingarten Realty Investors 3.850 06/01/25 4,245 1,300,000 Weingarten Realty Investors 3.250 08/15/26 1,362 TOTAL REAL ESTATE 304,719

328

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) RETAILING - 0.5% $ 2,950,000 AutoNation, Inc 3.800% 11/15/27 $ 3,218 6,525,000 AutoZone, Inc 1.650 01/15/31 5,973 900,000 Chevron USA, Inc 3.900 11/15/24 991 1,675,000 Chevron USA, Inc 3.850 01/15/28 1,867 3,465,000 Chevron USA, Inc 5.050 11/15/44 4,395 550,000 g Group 1 Automotive, Inc 4.000 08/15/28 547 350,000 JD.com, Inc 3.375 01/14/30 361 200,000 g L Brands, Inc 9.375 07/01/25 249 925,000 g L Brands, Inc 6.625 10/01/30 1,056 875,000 g Lithia Motors, Inc 4.625 12/15/27 909 950,000 g Lithia Motors, Inc 4.375 01/15/31 986 5,100,000 O’Reilly Automotive, Inc 3.550 03/15/26 5,569 6,875,000 O’Reilly Automotive, Inc 3.600 09/01/27 7,515 4,075,000 O’Reilly Automotive, Inc 4.200 04/01/30 4,581 4,750,000 O’Reilly Automotive, Inc 1.750 03/15/31 4,389 2,775,000 g Prosus NV 3.680 01/21/30 2,864 6,000,000 g Prosus NV 3.832 02/08/51 5,270 3,000,000 g Staples, Inc 7.500 04/15/26 3,164 17,275,000 Target Corp 2.350 02/15/30 17,514 TOTAL RETAILING 71,418

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.7% 12,025,000 Broadcom, Inc 4.150 11/15/30 12,979 10,530,000 g Broadcom, Inc 3.469 04/15/34 10,566 4,500,000 g Broadcom, Inc 3.500 02/15/41 4,310 15,640,000 Intel Corp 2.875 05/11/24 16,693 4,800,000 Intel Corp 2.600 05/19/26 5,092 7,325,000 Intel Corp 3.750 03/25/27 8,184 2,500,000 Intel Corp 3.734 12/08/47 2,693 2,875,000 Lam Research Corp 3.750 03/15/26 3,187 3,275,000 Lam Research Corp 4.000 03/15/29 3,709 1,100,000 Lam Research Corp 1.900 06/15/30 1,066 8,075,000 Lam Research Corp 2.875 06/15/50 7,697 3,850,000 g NXP BV 2.700 05/01/25 4,038 5,725,000 g NXP BV 3.875 06/18/26 6,301 2,450,000 g NXP BV 3.400 05/01/30 2,587 4,800,000 g SK Hynix, Inc 1.500 01/19/26 4,723 3,475,000 Texas Instruments, Inc 2.625 05/15/24 3,683 3,100,000 Texas Instruments, Inc 4.150 05/15/48 3,688 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 101,196

SOFTWARE & SERVICES - 1.1% 10,050,000 Adobe, Inc 2.300 02/01/30 10,164 2,800,000 Baidu, Inc 2.875 07/06/22 2,868 1,725,000 Baidu, Inc 4.375 05/14/24 1,892 275,000 g Black Knight InfoServ LLC 3.625 09/01/28 270 925,000 g Booz Allen Hamilton, Inc 3.875 09/01/28 930 100,000 g Camelot Finance S.A. 4.500 11/01/26 103 Fidelity National Information EUR 375,000 1.100 07/15/24 454 Services, Inc Fidelity National Information $ 4,325,000 2.250 03/01/31 4,249 Services, Inc

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 14,800,000 Fiserv, Inc 2.750% 07/01/24 $ 15,639 23,750,000 Fiserv, Inc 3.500 07/01/29 25,617 GBP 200,000 Fiserv, Inc 3.000 07/01/31 296 $ 900,000 g Gartner, Inc 3.750 10/01/30 893 4,725,000 Global Payments, Inc 2.650 02/15/25 4,965 10,275,000 Global Payments, Inc 3.200 08/15/29 10,822 4,700,000 g HCL America, Inc 1.375 03/10/26 4,615 International Business Machines 15,050,000 1.950 05/15/30 14,568 Corp International Business Machines EUR 400,000 0.650 02/11/32 470 Corp 500,000 g IQVIA, Inc 1.750 03/15/26 588 $ 1,625,000 g j2 Global, Inc 4.625 10/15/30 1,641 26,300,000 Microsoft Corp 2.400 08/08/26 27,806 1,395,000 Microsoft Corp 2.525 06/01/50 1,270 8,205,000 Microsoft Corp 2.921 03/17/52 8,082 550,000 g Open Text Holdings, Inc 4.125 02/15/30 558 175,000 g Presidio Holdings, Inc 4.875 02/01/27 179 2,425,000 salesforce.com, Inc 3.700 04/11/28 2,709 7,075,000 Visa, Inc 2.050 04/15/30 7,063 1,800,000 Visa, Inc 2.700 04/15/40 1,763 TOTAL SOFTWARE & SERVICES 150,474

TECHNOLOGY HARDWARE & EQUIPMENT - 0.7% 7,025,000 Amphenol Corp 2.800 02/15/30 7,203 Amphenol Technologies Holding EUR 675,000 2.000 10/08/28 889 GmbH $ 8,075,000 Apple, Inc 2.450 08/04/26 8,507 36,100,000 Apple, Inc 2.050 09/11/26 37,374 4,525,000 Apple, Inc 4.650 02/23/46 5,627 5,900,000 Apple, Inc 2.650 02/08/51 5,391 9,445,000 Broadcom Corp 3.875 01/15/27 10,256 2,075,000 Corning, Inc 4.375 11/15/57 2,266 7,050,000 g Dell International LLC 5.300 10/01/29 8,247 2,425,000 g NCR Corp 5.000 10/01/28 2,449 6,669,000 Tyco Electronics Group S.A. 3.500 02/03/22 6,793 2,175,000 Tyco Electronics Group S.A. 3.700 02/15/26 2,380 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 97,382

TELECOMMUNICATION SERVICES - 2.8% EUR 400,000 g Altice France S.A. 3.375 01/15/28 457 $ 15,225,000 AT&T, Inc 4.350 03/01/29 17,222 EUR 500,000 AT&T, Inc 2.350 09/05/29 663 $ 14,855,000 AT&T, Inc 4.300 02/15/30 16,723 12,650,000 AT&T, Inc 2.250 02/01/32 12,032 36,093,000 g AT&T, Inc 2.550 12/01/33 34,266 9,000,000 AT&T, Inc 4.500 05/15/35 10,151 15,575,000 AT&T, Inc 3.300 02/01/52 14,028 27,320,000 g AT&T, Inc 3.550 09/15/55 25,001 17,978,000 g AT&T, Inc 3.800 12/01/57 17,104 5,127,000 g AT&T, Inc 3.650 09/15/59 4,686 2,875,000 g Avaya, Inc 6.125 09/15/28 3,052 Bharti Airtel International 2,000,000 g 5.350 05/20/24 2,209 Netherlands BV

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 2,000,000 g Bharti Airtel Ltd 4.375 06/10/25 2,147 12,625,000 g Bharti Airtel Ltd 3.250 06/03/31 12,326 3,000,000 g C&W Senior Financing Designated Activity Co 6.875 09/15/27 3,199 4,000,000 Deutsche Telekom International Finance BV 8.750 06/15/30 5,932

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MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,175,000 g Millicom International Cellular S.A. 4.500% 04/27/31 $ 1,222 4,000,000 g MTN Mauritius Investment Ltd 6.500 10/13/26 4,472 3,000,000 g Network i2i Ltd 3.975 N/A‡ 3,008 398,000 o Oi S.A. 10.000 07/27/25 420 2,350,000 g,h Ooredoo International Finance Ltd 2.625 04/08/31 2,325 3,950,000 Orange S.A. 5.375 01/13/42 5,116 3,800,000 Rogers Communications, Inc 3.700 11/15/49 3,773 2,125,000 Telefonica Emisiones SAU 4.103 03/08/27 2,376 32,175,000 g T-Mobile USA, Inc 3.875 04/15/30 34,921 21,500,000 g T-Mobile USA, Inc 2.550 02/15/31 21,063 2,525,000 g T-Mobile USA, Inc 3.000 02/15/41 2,344 2,350,000 g T-Mobile USA, Inc 4.500 04/15/50 2,639 7,800,000 g T-Mobile USA, Inc 3.300 02/15/51 7,290 577,000 Verizon Communications, Inc 3.376 02/15/25 626 6,600,000 Verizon Communications, Inc 3.875 02/08/29 7,342 EUR 400,000 Verizon Communications, Inc 1.875 10/26/29 523 $ 10,000,000 Verizon Communications, Inc 4.016 12/03/29 11,186 24,589,000 Verizon Communications, Inc 3.150 03/22/30 25,935 2,325,000 g Verizon Communications, Inc 1.680 10/30/30 2,157 2,525,000 Verizon Communications, Inc 1.750 01/20/31 2,351 30,220,000 Verizon Communications, Inc 4.272 01/15/36 34,157 EUR 300,000 Verizon Communications, Inc 2.875 01/15/38 434 $ 7,625,000 Verizon Communications, Inc 3.400 03/22/41 7,741 11,300,000 Verizon Communications, Inc 2.875 11/20/50 10,043 8,700,000 Vodafone Group plc 4.375 05/30/28 9,991 7,000,000 Vodafone Group plc 4.250 09/17/50 7,689 1,325,000 g Zayo Group Holdings, Inc 4.000 03/01/27 1,302 TOTAL TELECOMMUNICATION SERVICES 393,644

TRANSPORTATION - 0.6% Adani Ports & Special Economic 1,850,000 g 4.000 07/30/27 1,951 Zone Ltd Adani Ports & Special Economic 2,000,000 g 4.200 08/04/27 2,121 Zone Ltd Adani Ports & Special Economic 2,700,000 g 3.100 02/02/31 2,560 Zone Ltd 5,175,000 Burlington Northern Santa Fe LLC 3.050 02/15/51 5,005 3,700,000 Canadian Pacific Railway Co 2.050 03/05/30 3,574 2,040,000 CSX Corp 2.600 11/01/26 2,156 7,125,000 CSX Corp 3.250 06/01/27 7,748 3,500,000 CSX Corp 3.800 03/01/28 3,884 23,495,000 CSX Corp 4.250 03/15/29 26,684 9,250,000 Delta Air Lines, Inc 2.900 10/28/24 9,249 2,150,000 g Delta Air Lines, Inc 7.000 05/01/25 2,477 1,275,000 g Delta Air Lines, Inc 4.500 10/20/25 1,361 4,575,000 Delta Air Lines, Inc 3.750 10/28/29 4,461 1,450,000 g DP World Ltd 5.625 09/25/48 1,699 EUR 400,000 FedEx Corp 1.000 01/11/23 477 325,000 FedEx Corp 1.625 01/11/27 411 $ 1,175,000 g Mileage Plus Holdings LLC 6.500 06/20/27 1,288 6,150,000 Union Pacific Corp 3.950 09/10/28 6,891 6,125,000 Union Pacific Corp 3.839 03/20/60 6,510 TOTAL TRANSPORTATION 90,507

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UTILITIES - 3.4% 1,905,875 g Adani Transmission Ltd 4.250 05/21/36 1,965 1,650,000 AEP Transmission Co LLC 3.100 12/01/26 1,783

331

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,650,000 AEP Transmission Co LLC 4.000% 12/01/46 $ 1,811 3,475,000 Alabama Power Co 4.150 08/15/44 3,854 7,000,000 Alabama Power Co 3.450 10/01/49 7,137 2,500,000 Ameren Corp 3.500 01/15/31 2,653 2,750,000 American Water Capital Corp 3.000 12/01/26 2,947 8,425,000 American Water Capital Corp 2.800 05/01/30 8,665 2,375,000 American Water Capital Corp 4.000 12/01/46 2,587 4,500,000 American Water Capital Corp 3.750 09/01/47 4,799 1,325,000 American Water Capital Corp 3.450 05/01/50 1,340 6,038,000 Appalachian Power Co 4.450 06/01/45 6,821 10,375,000 Atmos Energy Corp 1.500 01/15/31 9,477 1,175,000 Atmos Energy Corp 4.125 10/15/44 1,288 6,500,000 Baltimore Gas & Electric Co 3.750 08/15/47 6,953 5,500,000 Baltimore Gas & Electric Co 3.200 09/15/49 5,341 5,925,000 Berkshire Hathaway Energy Co 3.250 04/15/28 6,387 6,225,000 Black Hills Corp 4.250 11/30/23 6,752 1,575,000 Black Hills Corp 3.150 01/15/27 1,681 3,550,000 CenterPoint Energy Resources Corp 6.250 02/01/37 4,358 EUR 350,000 CEZ AS. 0.875 12/02/26 420 $ 4,675,000 CMS Energy Corp 3.600 11/15/25 5,087 2,000,000 e,g Comision Federal de Electricidad 3.348 02/09/31 1,922 4,200,000 Commonwealth Edison Co 5.900 03/15/36 5,591 8,250,000 e Commonwealth Edison Co 3.000 03/01/50 7,832 3,325,000 Consumers Energy Co 2.500 05/01/60 2,761 Dominion Energy Gas Holdings 4,125,000 2.500 11/15/24 4,337 LLC 4,600,000 h Dominion Energy, Inc 3.300 04/15/41 4,528 3,775,000 Dominion Resources, Inc 2.000 08/15/21 3,792 13,775,000 DTE Electric Co 2.250 03/01/30 13,738 5,825,000 Duke Energy Corp 1.800 09/01/21 5,853 8,675,000 Duke Energy Corp 2.650 09/01/26 9,077 5,000,000 Duke Energy Florida LLC 3.400 10/01/46 5,087 Duke Energy Florida Project 1,046,309 1.731 09/01/22 1,057 Finance LLC 11,425,000 Duke Energy Indiana LLC 2.750 04/01/50 10,246 1,450,000 Duke Energy Ohio, Inc 3.800 09/01/23 1,549 6,100,000 Duke Energy Progress LLC 2.500 08/15/50 5,198 EUR 500,000 EDP Finance BV 1.125 02/12/24 606 300,000 Electricite de France S.A. 2.000 10/02/30 400 Empresas Publicas de Medellin $ 3,445,000 g 4.250 07/18/29 3,488 ESP 3,000,000 Enel Chile S.A. 4.875 06/12/28 3,474 4,000,000 g EnfraGen Energia Sur S.A. 5.375 12/30/30 3,935 4,300,000 g ENN Energy Holdings Ltd 2.625 09/17/30 4,130 6,900,000 Entergy Corp 0.900 09/15/25 6,738 2,050,000 Eversource Energy 0.800 08/15/25 1,998 7,000,000 Eversource Energy 3.450 01/15/50 6,954 2,475,000 Exelon Corp 4.050 04/15/30 2,758 9,450,000 Exelon Generation Co LLC 3.400 03/15/22 9,687 5,775,000 Florida Power & Light Co 3.990 03/01/49 6,642 UGX2,000,000,000 †,g ICBC Standard Bank plc 14.250 06/26/34 488 $ 3,600,000 Indiana Michigan Power Co 3.750 07/01/47 3,763 8,525,000 g Israel Electric Corp Ltd 4.250 08/14/28 9,449 2,850,000 g Kallpa Generacion SA 4.125 08/16/27 3,035

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Korea Hydro & Nuclear Power Co 3,675,000 g 3.750 07/25/23 3,939 Ltd 3,200,000 g Korea Southern Power Co Ltd 0.750 01/27/26 3,096 6,975,000 MidAmerican Energy Co 3.650 04/15/29 7,737

332

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 6,150,000 MidAmerican Energy Co 3.650% 08/01/48 $ 6,504 7,350,000 Nevada Power Co 2.400 05/01/30 7,325 3,335,000 Nevada Power Co 5.450 05/15/41 4,293 NextEra Energy Capital Holdings, 17,000,000 2.250 06/01/30 16,633 Inc 7,100,000 NiSource, Inc 3.490 05/15/27 7,704 10,840,000 NiSource, Inc 3.600 05/01/30 11,749 13,435,000 NiSource, Inc 1.700 02/15/31 12,444 8,250,000 g NRG Energy, Inc 2.450 12/02/27 8,200 1,675,000 NSTAR Electric Co 3.950 04/01/30 1,882 3,600,000 Ohio Power Co 2.600 04/01/30 3,658 6,150,000 Ohio Power Co 4.150 04/01/48 6,890 6,150,000 Ohio Power Co 4.000 06/01/49 6,867 1,280,000 Oncor Electric Delivery Co LLC 5.250 09/30/40 1,666 3,500,000 ONE Gas, Inc 3.610 02/01/24 3,731 600,000 g Pattern Energy Operations LP 4.500 08/15/28 610 2,775,000 PECO Energy Co 3.000 09/15/49 2,656 3,700,000 PECO Energy Co 2.800 06/15/50 3,446 Perusahaan Gas Negara Persero Tbk 1,500,000 g 5.125 05/16/24 1,642 PT 3,000,000 g Perusahaan Listrik Negara PT 4.125 05/15/27 3,223 650,000 g Perusahaan Listrik Negara PT 3.875 07/17/29 681 3,000,000 g Perusahaan Listrik Negara PT 3.375 02/05/30 3,023 200,000 g Perusahaan Listrik Negara PT 4.875 07/17/49 211 5,000,000 g Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.000 06/30/50 4,775 750,000 Potomac Electric Power Co 7.900 12/15/38 1,165 4,300,000 PPL Capital Funding, Inc 3.950 03/15/24 4,643 2,000,000 PPL Electric Utilities Corp 3.000 09/15/21 2,010 3,300,000 g Promigas S.A. ESP 3.750 10/16/29 3,354 8,425,000 Public Service Co of Colorado 1.875 06/15/31 8,059 3,000,000 Public Service Co of Colorado 4.050 09/15/49 3,428 4,450,000 Public Service Co of Colorado 3.200 03/01/50 4,459 7,970,000 Public Service Electric & Gas Co 3.150 01/01/50 7,935 20,000,000 Southern Co 4.000 01/15/51 21,105 8,475,000 Southern Co Gas Capital Corp 3.875 11/15/25 9,362 2,125,000 Southern Co Gas Capital Corp 4.400 06/01/43 2,302 2,000,000 Southern Co Gas Capital Corp 3.950 10/01/46 2,070 2,440,000 Southwestern Public Service Co 3.400 08/15/46 2,436 Tengizchevroil Finance Co 350,000 g 2.625 08/15/25 353 International Ltd 3,680,000 Virginia Electric & Power Co 2.950 01/15/22 3,729 3,250,000 Virginia Electric & Power Co 2.950 11/15/26 3,484 3,250,000 Virginia Electric & Power Co 3.500 03/15/27 3,563 12,379,000 Virginia Electric & Power Co 3.800 04/01/28 13,670 1,000,000 Virginia Electric and Power Co 2.450 12/15/50 854 4,125,000 Wisconsin Power & Light Co 4.100 10/15/44 4,508 2,975,000 Xcel Energy, Inc 3.350 12/01/26 3,223 2,890,000 Xcel Energy, Inc 4.800 09/15/41 3,405 TOTAL UTILITIES 487,921

TOTAL CORPORATE BONDS 5,837,527 (Cost $5,657,914)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) GOVERNMENT BONDS - 38.3%

AGENCY SECURITIES - 0.6% $ 1,250,234 AMAL Ltd 3.465% 08/21/21 $ 1,260 2,500,000 Amber Circle Funding Ltd 3.250 12/04/22 2,592 3,395,000 Canal Barge Co, Inc 4.500 11/12/34 3,836 10,375,000 Lutheran Medical Center 1.982 02/20/30 10,734 24,000,000 g Private Export Funding Corp (PEFCO) 3.266 11/08/21 24,451 25,747,000 PEFCO 2.050 11/15/22 26,473 8,225,000 PEFCO 1.750 11/15/24 8,541 3,000,000 g Reliance Industries Ltd 3.667 11/30/27 3,258 TOTAL AGENCY SECURITIES 81,145

FOREIGN GOVERNMENT BONDS - 5.6% 4,000,000 g Abu Dhabi Government International Bond 3.125 05/03/26 4,336 2,000,000 g Abu Dhabi Government International Bond 2.500 09/30/29 2,048 4,500,000 g Abu Dhabi Government International Bond 3.125 09/30/49 4,286 750,000 g Abu Dhabi Government International Bond 2.700 09/02/70 629 4,675,000 g Airport Authority 1.625 02/04/31 4,359 3,325,000 g Arab Petroleum Investments Corp 4.125 09/18/23 3,594 34,039 Argentina Republic Government International Bond 1.000 07/09/29 12 Argentina Republic Government International Bond (Step 979,700 0.125 07/09/30 328 Bond) AUD 400,000 Australia Government Bond 2.250 05/21/28 324 1,625,000 Australia Government Bond 1.000 12/21/30 1,152 $ 3,000,000 g Bahrain Government International Bond 5.450 09/16/32 2,887 1,500,000 g Banque Ouest Africaine de Developpement 5.000 07/27/27 1,656 8,500,000 g Banque Ouest Africaine de Developpement 4.700 10/22/31 9,044 EUR 3,650,000 g Banque Ouest Africaine de Developpement 2.750 01/22/33 4,401 $ 3,450,000 g Bermuda Government International Bond 3.717 01/25/27 3,743 2,500,000 g Bermuda Government International Bond 4.750 02/15/29 2,891 1,375,000 g Bermuda Government International Bond 2.375 08/20/30 1,344 17,400,000 e,g BNG Bank NV 3.000 09/20/23 18,502 CLP 570,000,000 g Bonos de la Tesoreria de la Republica en pesos 2.300 10/01/28 764 $ 2,730,000 g Brazil Minas SPE via State of Minas Gerais 5.333 02/15/28 2,962 2,975,000 Brazilian Government International Bond 3.875 06/12/30 2,886 5,700,000 Brazilian Government International Bond 5.625 02/21/47 5,805 EUR 1,450,000 Bundesrepublik Deutschland Bundesanleihe 0.000 02/15/30 1,757 1,000,000 Bundesrepublik Deutschland Bundesanleihe 0.000 02/15/31 1,206 $ 4,000,000 g Caisse d’Amortissement de la Dette Sociale 1.875 02/12/22 4,057 CAD 1,300,000 g Canada Housing Trust No 1 2.550 12/15/23 1,091 1,550,000 Canadian Government International Bond 1.500 02/01/22 1,247 1,000,000 Canadian Government International Bond 5.000 06/01/37 1,150 $ 3,050,000 Chile Government International Bond 2.550 01/27/32 3,073 EUR 475,000 Chile Government International Bond 1.250 01/22/51 502 CNY 11,300,000 China Government Bond 2.880 11/05/23 1,726 17,000,000 China Government Bond 1.990 04/09/25 2,488 11,250,000 China Government Bond 3.270 11/19/30 1,727 26,500,000 China Government International Bond 2.360 07/02/23 4,001 9,700,000 China Government International Bond 2.940 10/17/24 1,480 47,400,000 China Government International Bond 3.120 12/05/26 7,241 $ 4,000,000 g China Government International Bond 1.200 10/21/30 3,745 CNY 18,900,000 China Government International Bond 3.860 07/22/49 2,955 10,000,000 China Government International Bond 3.390 03/16/50 1,432

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document $ 2,000,000 g China Government International Bond 2.250 10/21/50 1,746 NOK 7,000,000 City of Oslo Norway 2.050 10/31/24 837 $ 12,650,000 Colombia Government International Bond 3.000 01/30/30 12,389

334

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 3,600,000 Colombia Government International Bond 5.000% 06/15/45 $ 3,835 5,000,000 Colombia Government International Bond 3.875 02/15/61 4,481 4,100,000 g Costa Rica Government International Bond 5.625 04/30/43 3,567 20,200,000 g CPPIB Capital, Inc 2.250 01/25/22 20,537 16,400,000 g CPPIB Capital, Inc 2.750 11/02/27 17,652 5,000,000 g Development Bank of Japan, Inc 0.500 03/04/24 4,988 DOP 48,650,000 g Dominican Republic Government International Bond 8.900 02/15/23 882 8,000,000 g Dominican Republic Government International Bond 9.750 06/05/26 152 $ 4,500,000 g Dominican Republic Government International Bond 4.875 09/23/32 4,590 2,000,000 g Dominican Republic Government International Bond 6.500 02/15/48 2,113 24,960 g Ecuador Government International Bond 0.000 07/31/30 10 75,600 g Ecuador Government International Bond (Step Bond) 0.500 07/31/30 44 198,120 g Ecuador Government International Bond (Step Bond) 0.500 07/31/35 90 90,800 g Ecuador Government International Bond (Step Bond) 0.500 07/31/40 39 425,000 g Egypt Government International Bond 5.750 05/29/24 446 EGP 19,025,000 Egypt Government International Bond 15.900 07/02/24 1,259 $ 725,000 g Egypt Government International Bond 7.600 03/01/29 770 EUR 1,100,000 g Egypt Government International Bond 5.625 04/16/30 1,281 $ 1,175,000 e,g Egypt Government International Bond 5.875 02/16/31 1,098 EUR 700,000 g Egypt Government International Bond 6.375 04/11/31 840 $ 2,700,000 g Egypt Government International Bond 8.500 01/31/47 2,675 1,445,000 g El Salvador Government International Bond 7.125 01/20/50 1,290 2,000,000 Emirate of Dubai Government International Bonds 3.900 09/09/50 1,777 10,000,000 European Investment Bank 2.500 04/15/21 10,007 3,500,000 European Investment Bank 4.875 02/15/36 4,671 4,000,000 g Export-Import Bank of India 3.875 02/01/28 4,262 3,975,000 e,g Export-Import Bank of India 2.250 01/13/31 3,617 2,800,000 Export-Import Bank of Korea 0.750 09/21/25 2,739 3,350,000 Export-Import Bank of Korea 1.250 09/21/30 3,097 EUR 3,000,000 French Republic Government Bond OAT 0.500 05/25/25 3,674 2,650,000 French Republic Government Bond OAT 0.750 11/25/28 3,346 1,820,000 French Republic Government Bond OAT 1.250 05/25/34 2,425 1,200,000 g French Republic Government Bond OAT 2.000 05/25/48 1,855 860,000 g French Republic Government Bond OAT 0.750 05/25/52 990 $ 2,325,000 g Ghana Government International Bond 8.125 03/26/32 2,240 1,000,000 g Ghana Government International Bond 8.627 06/16/49 925 3,600,000 g Guatemala Government International Bond 4.500 05/03/26 3,876 450,000 g Guatemala Government International Bond 4.375 06/05/27 482 200,000 g Guatemala Government International Bond 5.375 04/24/32 227 600,000 g Guatemala Government International Bond 6.125 06/01/50 695 EUR 2,150,000 g Hellenic Republic Government International Bond 1.875 07/23/26 2,742 1,500,000 g Hellenic Republic Government International Bond 3.875 03/12/29 2,199 1,250,000 g Hellenic Republic Government International Bond 1.500 06/18/30 1,565 $ 3,625,000 e,g Honduras Government International Bond 6.250 01/19/27 3,960 350,000 g Honduras Government International Bond 5.625 06/24/30 366 CAD 1,475,000 Hydro-Quebec 5.000 02/15/45 1,612 $ 11,675,000 g Indonesia Government International Bond 4.625 04/15/43 12,919

335

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) IDR 7,750,000,000 Indonesia Treasury Bond 8.125% 05/15/24 $ 573 28,000,000,000 Indonesia Treasury Bond 7.000 09/15/30 1,950 19,350,000,000 Indonesia Treasury Bond 7.500 05/15/38 1,338 AUD 500,000 Inter-American Development Bank 4.750 08/27/24 433 900,000 Inter-American Development Bank 2.750 10/30/25 739 International Bank for Reconstruction & NZD 941,000 3.375 01/25/22 673 Development International Bank for Reconstruction & AUD 400,000 2.200 02/27/24 319 Development International Bank for Reconstruction & CAD 1,300,000 1.900 01/16/25 1,071 Development GBP 500,000 International Finance Corp 0.250 12/15/25 680 $ 1,793,750 g Iraq Government International Bond 5.800 01/15/28 1,694 6,200,000 Israel Government International Bond 3.250 01/17/28 6,830 ILS 3,100,000 Israel Government International Bond 5.500 01/31/42 1,499 3,200,000 Israel Government International Bond 3.750 03/31/47 1,251 $ 4,375,000 Israel Government International Bond 4.125 01/17/48 5,031 EUR 1,250,000 Italy Buoni Poliennali Del Tesoro 0.050 04/15/21 1,466 3,500,000 Italy Buoni Poliennali Del Tesoro 2.450 10/01/23 4,388 3,345,000 Italy Buoni Poliennali Del Tesoro 1.250 12/01/26 4,172 200,000 g Italy Buoni Poliennali Del Tesoro 0.950 03/01/37 228 1,225,000 g Italy Buoni Poliennali Del Tesoro 2.950 09/01/38 1,825 1,550,000 g Italy Buoni Poliennali Del Tesoro 3.850 09/01/49 2,740 425,000 g Italy Buoni Poliennali Del Tesoro 1.700 09/01/51 503 1,000,000 g Ivory Coast Government International Bond 5.875 10/17/31 1,237 100,000 g Ivory Coast Government International Bond 4.875 01/30/32 114 Ivory Coast Government International Bond (Step $ 1,625,973 g 5.750 12/31/32 1,623 Bond) 2,850,000 Jamaica Government International Bond 7.875 07/28/45 3,862 6,000,000 Japan Bank for International Cooperation 2.375 04/20/26 6,339 4,000,000 g Japan Finance Organization for Municipalities 2.125 04/13/21 4,002 6,650,000 g Japan Finance Organization for Municipalities 3.375 09/27/23 7,105 JPY 113,000,000 Japan Finance Organization for Municipalities 0.450 03/14/25 1,038 $ 2,500,000 g Japan Finance Organization for Municipalities 1.000 05/21/25 2,506 JPY 103,000,000 Japan Finance Organization for Municipalities 0.484 06/13/25 949 140,000,000 Japan Finance Organization for Municipalities 0.020 03/13/26 1,265 76,000,000 Japan Government Five Year Bond 0.100 06/20/23 690 440,000,000 Japan Government Ten Year Bond 0.100 09/20/26 4,010 369,000,000 Japan Government Ten Year Bond 0.100 12/20/26 3,365 122,000,000 Japan Government Ten Year Bond 0.100 06/20/29 1,109 162,000,000 Japan Government Ten Year Bond 0.100 12/20/29 1,471 350,000,000 Japan Government Thirty Year Bond 2.400 11/20/31 3,918 350,000,000 Japan Government Thirty Year Bond 2.300 05/20/32 3,910 418,000,000 Japan Government Thirty Year Bond 2.500 09/20/34 4,897 450,000,000 Japan Government Thirty Year Bond 0.500 09/20/46 3,973 105,000,000 Japan Government Thirty Year Bond 0.600 09/20/50 931 93,000,000 Japan Government Twenty Year Bond 0.600 12/20/36 874 219,000,000 Japan Government Twenty Year Bond 0.500 12/20/38 2,006 153,000,000 Japan Government Twenty Year Bond 0.300 06/20/39 1,349 91,000,000 Japan Government Twenty Year Bond 0.400 09/20/40 811 $ 2,500,000 g Jordan Government International Bond 4.950 07/07/25 2,565 1,000,000 g Jordan Government International Bond 5.750 01/31/27 1,045 3,000,000 g Kazakhstan Government International Bond 4.875 10/14/44 3,605 1,525,000 g Kenya Government International Bond 6.875 06/24/24 1,673

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 2,350,000 g Kenya Government International Bond 7.000% 05/22/27 $ 2,490 EUR 1,875,000 g Kingdom of Belgium Government International Bond 0.000 10/22/27 2,252 $ 5,000,000 g Kommunalbanken AS. 2.250 01/25/22 5,081 2,600,000 g Kommunalbanken AS. 2.750 02/05/24 2,768 3,000,000 g Kommunalbanken AS. 1.125 06/14/30 2,803 4,500,000 g Kommuninvest I Sverige AB 2.250 05/29/21 4,514 2,833,000 g Kommuninvest I Sverige AB 2.625 09/15/22 2,930 6,975,000 g Korea Electric Power Corp 1.125 06/15/25 6,925 350,000 g Korea Housing Finance Corp 2.000 10/11/21 353 5,775,000 g Korea Housing Finance Corp 3.000 10/31/22 5,991 KRW1,220,000,000 Korea Treasury Bond 1.875 03/10/22 1,090 1,270,000,000 Korea Treasury Bond 1.500 03/10/25 1,123 1,800,000,000 Korea Treasury Bond 1.500 12/10/26 1,570 2,380,000,000 Korea Treasury Bond 2.375 09/10/38 2,161 $ 18,750,000 Kreditanstalt fuer Wiederaufbau 2.625 01/25/22 19,118 5,750,000 g Kuwait Government International Bond 2.750 03/20/22 5,873 1,750,000 †,q Lebanon Government International Bond 6.750 11/29/27 201 5,250,000 g Lithuania Government International Bond 6.625 02/01/22 5,516 MYR 3,100,000 Malaysia Government International Bond 4.893 06/08/38 800 MXN 23,500,000 Mexican Bonos 5.750 03/05/26 1,140 14,300,000 Mexican Bonos 7.750 05/29/31 745 $ 3,000,000 Mexico Government International Bond 4.150 03/28/27 3,326 14,250,000 Mexico Government International Bond 3.250 04/16/30 14,370 6,051,000 Mexico Government International Bond 6.050 01/11/40 7,263 3,500,000 Mexico Government International Bond 4.600 02/10/48 3,583 1,953,000 g Mongolia Government International Bond 5.125 12/05/22 2,011 EUR 900,000 g Morocco Government International Bond 1.500 11/27/31 992 $ 5,750,000 g Morocco Government International Bond 5.500 12/11/42 6,325 3,075,000 g Namibia Government International Bond 5.250 10/29/25 3,218 KZT 330,000,000 † National Bank of Kazakhstan Notes 0.000 07/23/21 754 $ 4,500,000 g Nederlandse Waterschapsbank NV 2.125 11/15/21 4,553 5,000,000 g Nederlandse Waterschapsbank NV 1.875 04/14/22 5,084 4,000,000 g Nederlandse Waterschapsbank NV 3.125 12/05/22 4,191 EUR 400,000 g Netherlands Government International Bond 2.750 01/15/47 763 AUD 500,000 New South Wales Treasury Corp 4.000 05/20/26 439 NZD 1,450,000 New Zealand Government International Bond 2.750 04/15/25 1,094 $ 2,600,000 g Nigeria Government International Bond 6.500 11/28/27 2,677 EUR 850,000 g North Macedonia Government International Bond 3.675 06/03/26 1,091 625,000 g North Macedonia Government International Bond 1.625 03/10/28 714 NOK 26,080,000 g Norway Government International Bond 1.375 08/19/30 3,023 $ 975,000 g Oman Government International Bond 6.750 10/28/27 1,074 1,500,000 g Oman Government International Bond 6.000 08/01/29 1,556 3,000,000 g Oman Government International Bond 6.250 01/25/31 3,130 21,300,000 g OMERS Finance Trust 2.500 05/02/24 22,539 15,000,000 g Ontario Teachers’ Finance Trust 1.625 09/12/24 15,485 500,000 g,h Pakistan Government International Bond 6.000 04/08/26 508 3,600,000 Panama Government International Bond 3.160 01/23/30 3,745 4,000,000 Panama Government International Bond 4.300 04/29/53 4,289 10,955,000 Panama Notas del Tesoro 3.750 04/17/26 11,748 925,000 g Paraguay Government International Bond 5.400 03/30/50 1,042 3,825,000 g Perusahaan Penerbit SBSN Indonesia III 3.900 08/20/24 4,145 11,900,000 g Perusahaan Penerbit SBSN Indonesia III 4.400 03/01/28 13,344 4,475,000 Peruvian Government International Bond 4.125 08/25/27 4,998

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 3,000,000 Peruvian Government International Bond 1.862% 12/01/32 $ 2,732 PEN 14,725,000 g Peruvian Government International Bond 5.400 08/12/34 3,831 $ 218,958 g Petroamazonas EP 4.625 12/06/21 199 EUR 900,000 g Portugal Obrigacoes do Tesouro OT 0.700 10/15/27 1,112 1,525,000 g Portugal Obrigacoes do Tesouro OT 1.950 06/15/29 2,063 CAD 650,000 Province of Quebec Canada 2.750 09/01/27 553 $ 6,000,000 Province of Quebec Canada 7.500 09/15/29 8,515 2,000,000 g Provincia de Mendoza Argentina (Step Bond) 2.750 03/19/29 1,150 925,000 g Qatar Government International Bond 3.400 04/16/25 1,005 2,050,000 g Qatar Government International Bond 3.750 04/16/30 2,287 4,000,000 g Qatar Government International Bond 4.400 04/16/50 4,614 7,000,000 Republic of Italy Government International Bond 4.000 10/17/49 7,163 2,000,000 g Republic of Paraguay 6.100 08/11/44 2,400 PLN 6,225,000 Republic of Poland Government International Bond 2.750 10/25/29 1,743 $ 1,400,000 g Republic of Uzbekistan Bond 3.700 11/25/30 1,356 Republic of Uzbekistan Government International 3,225,000 g 4.750 02/20/24 3,394 Bond RON 7,075,000 Romania Government Bond 4.150 01/26/28 1,817 $ 3,000,000 g Romanian Government International Bond 3.000 02/14/31 2,991 EUR 600,000 g Romanian Government International Bond 2.000 01/28/32 705 $ 4,600,000 g Romanian Government International Bond 4.000 02/14/51 4,419 RUB 72,000,000 Russian Federal Bond-OFZ 4.500 07/16/25 883 $ 5,000,000 g Russian Foreign Bond - Eurobond 4.375 03/21/29 5,453 3,200,000 g Russian Foreign Bond - Eurobond 5.100 03/28/35 3,681 4,500,000 g Saudi Government International Bond 3.250 10/26/26 4,840 500,000 g Saudi Government International Bond 2.500 02/03/27 515 6,775,000 g Saudi Government International Bond 4.500 04/17/30 7,795 6,150,000 g Saudi Government International Bond 3.750 01/21/55 6,021 EUR 1,000,000 g Senegal Government International Bond 4.750 03/13/28 1,190 $ 2,000,000 g Senegal Government International Bond 6.750 03/13/48 1,901 EUR 1,250,000 g Serbia Government International Bond 1.500 06/26/29 1,466 $ 5,900,000 g Serbia International Bond 2.125 12/01/30 5,427 RSD 96,000,000 Serbia Treasury Bonds 5.875 02/08/28 1,161 31,700,000 Serbia Treasury Bonds 4.500 08/20/32 350 $ 4,000,000 South Africa Government International Bond 5.875 09/16/25 4,411 ZAR 12,200,000 South Africa Government International Bond 10.500 12/21/26 938 15,100,000 South Africa Government International Bond 8.750 01/31/44 801 $ 2,800,000 South Africa Government International Bond 5.375 07/24/44 2,544 3,850,000 g Southern Gas Corridor CJSC 6.875 03/24/26 4,552 EUR 2,550,000 g Spain Government International Bond 2.750 10/31/24 3,330 845,000 g Spain Government International Bond 1.400 07/30/28 1,091 1,475,000 g Spain Government International Bond 0.600 10/31/29 1,794 625,000 g Spain Government International Bond 0.100 04/30/31 715 2,350,000 g Spain Government International Bond 1.200 10/31/40 2,864 $ 3,100,000 State of Israel 3.375 01/15/50 3,133 5,280,000 Svensk Exportkredit AB 1.625 11/14/22 5,396 9,590,000 Svensk Exportkredit AB 1.750 12/12/23 9,923 SEK 6,500,000 Sweden Government Bond 0.500 11/24/45 678 THB 48,800,000 Thailand Government International Bond 3.300 06/17/38 1,708 UAH 25,000,000 Ukraine Government International Bond 17.000 05/11/22 951 EUR 1,000,000 g Ukraine Government International Bond 6.750 06/20/26 1,258 5,400,000 g Ukraine Government International Bond 4.375 01/27/30 5,795 GBP 2,850,000 United Kingdom Gilt 1.625 10/22/28 4,206 2,450,000 United Kingdom Gilt 4.750 12/07/30 4,601

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) GBP 2,450,000 United Kingdom Gilt 1.750% 09/07/37 $ 3,620 500,000 United Kingdom Gilt 1.250 10/22/41 676 950,000 United Kingdom Gilt 0.625 10/22/50 1,065 Uruguay Government International UYU 21,800,000 g 8.500 03/15/28 514 Bond Uruguay Government International $ 8,507,410 4.375 01/23/31 9,867 Bond Uruguay Government International 850,000 4.125 11/20/45 946 Bond Uruguay Government International 1,400,000 5.100 06/18/50 1,734 Bond AUD 2,735,000 Western Australian Treasury Corp 2.750 07/24/29 2,257 TOTAL FOREIGN GOVERNMENT BONDS 798,973

MORTGAGE BACKED - 23.4% Federal Home Loan Mortgage Corp $ 7,732,106 3.000 10/15/33 8,385 (FHLMC) 13,788,004 FHLMC 3.500 08/15/43 14,229 8,984,982 FHLMC 3.500 03/15/44 9,430 LIBOR 1 M + 7,604,580 i FHLMC 5.814 03/15/44 1,406 5.920% 23,857,215 FHLMC 4.000 10/01/47 26,207 20,861,144 FHLMC 4.000 06/01/48 22,891 LIBOR 1 M + 14,615,759 i FHLMC 9.750 06/15/48 16,568 9.920% 12,888,338 FHLMC 4.000 07/01/48 14,082 16,913,662 FHLMC 3.000 09/01/48 17,772 LIBOR 1 M + 11,396,192 i FHLMC 9.670 10/15/48 13,594 9.840% 30,057,703 FHLMC 3.000 11/01/49 31,776 21,382,994 FHLMC 2.000 09/25/50 2,592 32,719,476 FHLMC 2.500 11/25/50 5,504 42,469,656 FHLMC 2.500 02/25/51 6,943 Federal Home Loan Mortgage Corp 2,003 7.000 05/01/23 2 Gold (FGLMC) 17,543 FGLMC 8.000 01/01/31 18 4,715 FGLMC 7.000 01/01/32 5 360,792 FGLMC 4.500 07/01/33 402 2,559,546 FGLMC 7.000 12/01/33 2,957 613,454 FGLMC 4.500 10/01/34 679 461,795 FGLMC 4.500 04/01/35 514 714,070 FGLMC 7.000 05/01/35 813 2,056,883 FGLMC 5.000 06/01/36 2,393 727,507 FGLMC 5.000 07/01/39 847 100,750 FGLMC 4.500 12/01/43 113 66,757 FGLMC 4.500 02/01/44 75 2,617,743 FGLMC 4.500 10/01/44 2,943 1,039,250 FGLMC 4.500 11/01/44 1,167 1,494,905 FGLMC 4.500 11/01/44 1,668 1,162,590 FGLMC 4.500 12/01/44 1,307 769,100 FGLMC 4.500 12/01/44 851 4,681,628 FGLMC 3.500 04/01/45 5,084 807,245 FGLMC 4.500 05/01/45 872 22,426,777 FGLMC 3.500 08/01/45 24,412

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 36,433,090 FGLMC 3.500 10/01/45 39,532 21,296,537 FGLMC 4.000 12/01/45 23,618 56,010,373 FGLMC 3.500 08/01/46 60,586 66,308,060 FGLMC 3.000 01/01/47 70,081 54,430,159 FGLMC 3.000 02/01/47 57,573 2,360,416 FGLMC 4.500 06/01/47 2,650 4,497,072 FGLMC 4.000 09/01/47 4,958 4,229,387 FGLMC 3.500 12/01/47 4,568 21,765,996 FGLMC 3.500 03/01/48 23,485

339

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 23,841,279 FGLMC 4.000% 03/01/48 $ 26,182 11,227,057 FGLMC 4.000 07/01/48 12,271 17,367,697 FGLMC 4.500 08/01/48 19,344 7,953,440 FGLMC 4.500 10/01/48 8,807 11,209,043 FGLMC 3.500 11/01/48 12,095 Federal National Mortgage 21,429 8.000 07/01/24 23 Association (FNMA) 6,097 FNMA 9.000 11/01/25 7 3,921,550 FNMA 3.500 05/01/32 4,238 26,012,926 FNMA 3.000 10/01/32 27,478 370,098 FNMA 4.500 10/01/33 412 648,213 FNMA 4.500 05/01/35 718 4,164,871 FNMA 5.000 05/01/35 4,834 1,928,721 FNMA 5.000 10/01/35 2,242 1,612,875 FNMA 5.000 02/01/36 1,876 172,000,000 h FNMA 2.000 04/25/36 176,519 24,000,000 h FNMA 2.500 05/25/36 24,959 3,790,285 FNMA 5.500 11/01/38 4,455 2,239,026 FNMA 3.000 10/01/39 2,332 24,130,546 FNMA 3.000 05/01/40 25,278 3,407,057 FNMA 5.000 09/01/40 3,936 5,675,040 FNMA 5.000 05/01/41 6,602 17,771,508 FNMA 4.000 09/01/42 19,481 10,610,795 FNMA 3.500 04/01/43 11,534 4,154,818 FNMA 3.000 04/25/43 4,310 9,475,981 FNMA 3.500 09/01/43 10,316 LIBOR 1 M + 9,230,167 i FNMA 5.841 09/25/43 2,168 5.950% 4,669,117 FNMA 4.000 01/01/44 5,168 8,467,242 FNMA 4.500 03/01/44 9,674 4,915,606 FNMA 4.500 06/01/44 5,518 4,979,036 FNMA 4.500 10/01/44 5,591 9,067,303 FNMA 4.500 11/01/44 10,181 2,723,708 FNMA 5.000 11/01/44 3,143 2,996,476 FNMA 4.500 12/01/44 3,363 3,635,298 FNMA 4.000 01/01/45 4,007 4,607,895 FNMA 3.000 02/25/45 4,749 27,198,128 FNMA 3.000 02/25/45 28,365 364,156 FNMA 3.500 03/01/45 392 312,858 FNMA 3.500 03/01/45 339 1,077,524 FNMA 4.500 03/01/45 1,210 7,468,252 FNMA 3.000 03/25/45 7,735 442,396 FNMA 4.500 04/01/45 497 19,748,391 FNMA 3.500 04/25/45 20,488 10,128,905 FNMA 3.500 05/01/45 11,020 5,328,904 FNMA 4.000 06/01/45 5,889 8,591,859 FNMA 4.000 12/01/45 9,500 31,197,298 FNMA 3.000 12/25/45 32,361 13,322,381 FNMA 3.500 01/01/46 14,398 24,080,335 FNMA 4.000 01/01/46 26,556 650,448 FNMA 4.000 03/01/46 716 12,088,920 FNMA 3.500 06/01/46 13,080 13,152,347 FNMA 3.500 07/01/46 14,227 24,106,626 FNMA 3.500 07/01/46 26,182

340

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 17,186,626 FNMA 3.000% 11/01/46 $ 18,157 60,821,949 FNMA 3.500 01/01/47 64,737 5,561,445 FNMA 3.000 04/25/47 5,913 5,877,448 FNMA 4.500 05/01/47 6,580 1,905,613 FNMA 3.500 08/01/47 2,040 2,059,242 FNMA 3.500 09/01/47 2,204 6,513,076 FNMA 4.000 09/01/47 7,038 373,917 FNMA 4.000 09/01/47 403 818,031 FNMA 3.000 11/01/47 838 2,314,854 FNMA 3.000 11/01/47 2,374 10,084,777 FNMA 3.500 11/01/47 10,928 33,626,795 FNMA 4.000 12/01/47 36,939 8,357,592 FNMA 4.000 12/01/47 9,018 2,331,441 FNMA 3.500 01/01/48 2,515 22,508,233 FNMA 3.500 01/01/48 24,276 9,831,468 FNMA 4.500 01/01/48 10,935 5,334,420 FNMA 3.500 02/01/48 5,641 8,804,493 FNMA 4.500 02/01/48 9,803 88,143,568 FNMA 3.000 02/25/48 93,143 9,222,145 FNMA 4.000 03/01/48 10,124 37,609,282 FNMA 4.500 03/01/48 41,873 26,067,825 FNMA 4.000 04/01/48 28,036 7,022,254 FNMA 4.500 05/01/48 7,818 5,247,606 FNMA 4.500 05/01/48 5,843 14,813,981 FNMA 5.000 08/01/48 16,781 8,419,998 FNMA 3.000 11/01/48 8,784 126,275,000 h FNMA 3.000 04/25/49 131,528 2,100,718 FNMA 3.000 06/01/49 2,153 4,883,744 FNMA 3.000 08/01/49 5,181 9,032,022 FNMA 3.000 01/25/50 9,421 345,385,000 h FNMA 2.500 05/25/50 353,682 24,018,650 FNMA 3.000 07/01/50 25,554 15,920,945 FNMA 2.000 08/25/50 1,971 5,358,671 FNMA 3.000 02/25/51 856 106,440,000 h FNMA 2.000 04/25/51 106,240 152,500,000 h FNMA 2.500 04/25/51 156,491 270,600,000 h FNMA 2.000 05/25/51 269,596 12,353,738 Government National Mortgage Association (GNMA) 3.700 10/15/33 13,287 294,503 GNMA 5.000 04/15/38 336 327,843 GNMA 6.500 11/20/38 394 58,837 GNMA 4.500 02/20/39 70 1,219,165 GNMA 5.000 06/15/39 1,419 697,741 GNMA 5.000 06/15/39 810 10,515,877 GNMA 3.700 08/15/40 11,287 79,649 GNMA 4.500 08/20/41 93 185,496 GNMA 4.500 09/20/41 212 55,745 GNMA 4.500 01/20/44 66 35,019 GNMA 4.500 02/20/44 40 110,790 GNMA 4.500 05/20/44 131 505,860 GNMA 4.500 05/20/44 579 801,117 GNMA 4.500 08/20/44 948 463,932 GNMA 4.500 09/20/44 534 273,906 GNMA 4.500 10/20/44 312

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 139,728 GNMA 4.500% 11/20/44 $ 153 401,245 GNMA 4.500 12/20/44 466 633,859 GNMA 4.500 02/20/45 743 904,376 GNMA 4.500 08/20/45 1,073 732,248 GNMA 4.500 08/20/45 856 539,593 GNMA 4.500 12/20/45 618 8,451,015 GNMA 4.000 06/20/46 1,111 14,303,197 GNMA 3.500 01/20/49 15,578 86,457,885 GNMA 3.000 08/20/50 90,120 74,250,000 h GNMA 2.000 04/20/51 74,969 243,300,000 h GNMA 2.500 04/20/51 251,036 62,120,000 h GNMA 3.000 04/20/51 64,714 74,100,000 GNMA 2.000 05/20/51 74,696 TOTAL MORTGAGE BACKED 3,322,580

MUNICIPAL BONDS - 2.9% 2,975,000 Chicago Housing Authority 3.682 01/01/25 3,232 City & County of San Francisco CA Community 245,000 3.264 09/01/25 263 Facilities District City & County of San Francisco CA Community 1,000,000 4.038 09/01/34 1,101 Facilities District City & County of San Francisco CA Community 845,000 3.750 09/01/37 891 Facilities District City & County of San Francisco CA Community 2,000,000 4.000 09/01/48 2,079 Facilities District 3,995,000 City of Los Angeles CA Wastewater System Revenue 4.029 06/01/39 4,304 4,940,000 City of New York NY 3.200 12/01/26 5,441 City of San Antonio TX Customer Facility Charge 1,575,000 4.353 07/01/25 1,659 Revenue 4,055,000 Commonwealth Financing Authority 3.864 06/01/38 4,528 19,355,000 Commonwealth Financing Authority 3.807 06/01/41 20,545 815,000 County of Miami-Dade FL Aviation Revenue 1.885 10/01/21 822 1,060,000 County of Miami-Dade FL Aviation Revenue 1.885 10/01/21 1,068 1,505,000 County of Miami-Dade FL Aviation Revenue 2.218 10/01/22 1,546 1,500,000 County of Miami-Dade FL Aviation Revenue 2.368 10/01/23 1,567 2,500,000 County of Miami-Dade FL Aviation Revenue 3.285 10/01/23 2,668 3,500,000 County of Miami-Dade FL Aviation Revenue 2.504 10/01/24 3,681 2,250,000 County of Miami-Dade FL Aviation Revenue 3.405 10/01/24 2,436 4,365,000 County of Miami-Dade FL Aviation Revenue 2.604 10/01/25 4,595 2,375,000 County of Miami-Dade FL Aviation Revenue 3.505 10/01/25 2,593 2,500,000 County of Miami-Dade FL Aviation Revenue 2.704 10/01/26 2,631 3,940,000 County of Miami-Dade FL Aviation Revenue 3.049 10/01/26 4,218 3,750,000 County of Miami-Dade FL Aviation Revenue 3.612 10/01/26 4,125 4,700,000 County of Miami-Dade FL Aviation Revenue 2.529 10/01/30 4,682 3,730,000 County of Miami-Dade FL Aviation Revenue 3.732 10/01/37 3,896 3,900,000 County of Miami-Dade FL Aviation Revenue 3.982 10/01/41 4,087 9,160,000 County of Miami-Dade FL Aviation Revenue 4.280 10/01/41 9,859 2,000,000 Duke University 3.199 10/01/38 2,110 5,080,000 Illinois Finance Authority 3.944 08/15/47 5,443 Los Angeles County Redevelopment Refunding 4,805,000 3.375 09/01/35 5,050 Authority Redev Agency Successor Agy 500,000 New Jersey Economic Development Authority 3.700 06/15/21 503 1,110,000 New Jersey Economic Development Authority 3.800 07/01/22 1,143

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 870,000 New York City Housing Development Corp 3.403% 05/01/22 $ 899 750,000 New York City Housing Development Corp 3.453 11/01/22 787 1,360,000 New York City Housing Development Corp 3.523 05/01/23 1,448 1,815,000 New York City Housing Development Corp 3.573 11/01/23 1,959 1,000,000 New York City Housing Development Corp 3.650 05/01/24 1,094 5,680,000 New York State Dormitory Authority 3.998 07/01/39 6,036 10,605,000 New York State Dormitory Authority 4.294 07/01/44 11,637 6,000,000 New York State Dormitory Authority 3.879 07/01/46 6,345 5,000,000 New York State Thruway Authority 2.256 01/01/25 5,244 6,460,000 New York State Thruway Authority 2.406 01/01/26 6,807 4,750,000 New York State Thruway Authority 2.500 01/01/27 4,998 2,000,000 Port of Corpus Christi Authority of Nueces County 3.138 12/01/22 2,089 3,400,000 Port of Corpus Christi Authority of Nueces County 3.287 12/01/23 3,637 1,500,000 Port of Corpus Christi Authority of Nueces County 3.387 12/01/24 1,633 1,000,000 Port of Corpus Christi Authority of Nueces County 3.487 12/01/25 1,102 1,910,000 Public Finance Authority 4.269 07/01/40 2,104 San Francisco City & County Airport Comm-San 6,000,000 3.046 05/01/22 6,164 Francisco International Airport 6,360,000 San Jose Redevelopment Agency 3.375 08/01/34 6,792 13,060,000 State of California 4.600 04/01/38 15,083 12,500,000 State of Illinois 2.250 06/15/21 12,523 10,500,000 State of Illinois 3.150 06/15/26 10,894 12,500,000 State of Illinois 3.250 06/15/27 12,830 27,150,000 State of Illinois 5.100 06/01/33 30,567 9,700,000 State of Oregon Department of Administrative Services 4.103 05/01/39 10,386 9,900,000 State of Wisconsin 3.154 05/01/27 10,869 25,860,000 University of California 3.063 07/01/25 28,128 10,230,000 University of California 4.601 05/15/31 11,912 17,045,000 University of California 3.931 05/15/45 18,655 21,000,000 University of Chicago 4.151 10/01/45 22,022 7,620,000 University of Massachusetts Building Authority 3.097 11/01/35 8,032 13,000,000 University of Massachusetts Building Authority 3.434 11/01/40 13,879 20,000,000 University of New Mexico 3.532 06/20/32 21,156 500,000 Utah Municipal Power Agency 2.023 07/01/21 501 1,750,000 Utah Municipal Power Agency 2.262 07/01/22 1,781 1,500,000 Utah Municipal Power Agency 2.512 07/01/23 1,551 2,160,000 Virginia Port Authority 4.228 07/01/36 2,268 390,000 Washington Convention & Sports Authority 3.969 10/01/30 393 TOTAL MUNICIPAL BONDS 416,971

U.S. TREASURY SECURITIES - 5.8% 4,500,000 e United States Treasury Bond 4.750 02/15/37 6,154 22,750,000 United States Treasury Bond 3.500 02/15/39 27,280 12,050,000 United States Treasury Bond 3.875 08/15/40 15,193 19,135,000 United States Treasury Bond 4.375 05/15/41 25,774 16,434,000 United States Treasury Bond 3.750 08/15/41 20,438 6,000,000 United States Treasury Bond 2.750 11/15/42 6,430 35,680,000 United States Treasury Bond 3.000 05/15/45 39,772 41,710,000 United States Treasury Bond 2.875 08/15/45 45,542 52,140,000 United States Treasury Bond 2.500 05/15/46 53,134 1,075,000 United States Treasury Bond 3.000 05/15/47 1,203 30,710,000 United States Treasury Bond 2.750 11/15/47 32,835 6,155,000 United States Treasury Bond 3.125 05/15/48 7,059

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 51,995,000 United States Treasury Bond 3.000% 08/15/48 $ 58,348 20,120,000 United States Treasury Bond 3.375 11/15/48 24,164 31,732,812 k United States Treasury Inflation Indexed Bonds 0.500 04/15/24 34,396 39,285,000 United States Treasury Note 0.125 08/31/22 39,285 23,505,000 United States Treasury Note 0.125 10/31/22 23,502 19,250,000 United States Treasury Note 0.125 01/31/23 19,241 79,581,000 United States Treasury Note 0.250 11/15/23 79,541 46,950,000 United States Treasury Note 0.250 03/15/24 46,825 2,205,000 United States Treasury Note 0.250 10/31/25 2,147 26,955,000 United States Treasury Note 0.750 03/31/26 26,721 45,875,000 United States Treasury Note 0.500 10/31/27 43,450 80,555,000 United States Treasury Note 0.625 11/30/27 76,817 7,625,000 United States Treasury Note 0.625 12/31/27 7,261 300,000 United States Treasury Note 1.125 02/29/28 295 17,040,000 e United States Treasury Note 1.125 02/15/31 16,100 10,000,000 United States Treasury Note 1.125 08/15/40 8,131 9,930,000 United States Treasury Note 1.250 05/15/50 7,494 20,270,000 United States Treasury Note 1.375 08/15/50 15,817 6,685,000 United States Treasury Note 1.625 11/15/50 5,570 10,000,000 United States Treasury Note 1.875 02/15/51 8,863 TOTAL U.S. TREASURY SECURITIES 824,782

TOTAL GOVERNMENT BONDS 5,444,451 (Cost $5,319,190)

STRUCTURED ASSETS - 16.3%

ASSET BACKED - 8.2% 5,000,000 g,i AGL CLO 7 Ltd 2.041 07/15/31 5,011 Series - 2020 7A (Class A1) 7,500,000 g,i AIMCO CLO Ltd 1.605 10/15/31 7,514 Series - 2020 11A (Class A1) 8,000,000 g,i AIMCO CLO Ltd 1.776 01/17/32 8,001 Series - 2020 12A (Class B) 3,000,000 g,i AIMCO CLO Series 1.484 07/20/29 3,000 Series - 2017 AA (Class A) 7,500,000 g,h,i AIMCO CLO Series 0.000 04/20/34 7,501 Series - 2017 AA (Class BR) 2,000,000 g,i Allegany Park CLO Ltd 1.554 01/20/33 2,003 Series - 2019 1A (Class A) 10,000,000 AmeriCredit Automobile Receivables Trust 1.110 08/19/24 10,079 Series - 2020 1 (Class A3) 5,500,000 AmeriCredit Automobile Receivables Trust 0.660 12/18/24 5,521 Series - 2020 2 (Class A3) 4,120,000 AmeriCredit Automobile Receivables Trust 2.130 03/18/26 4,242 Series - 2020 2 (Class D) 6,190,000 AmeriCredit Automobile Receivables Trust 1.490 09/18/26 6,218 Series - 2020 3 (Class D) 2,121,964 g AMSR Trust 1.819 04/17/37 2,147 Series - 2020 SFR1 (Class A) 3,499,000 g AMSR Trust 3.148 01/19/39 3,634 Series - 2019 SFR1 (Class C) 3,347,000 g AMSR Trust 3.247 01/19/39 3,463 Series - 2019 SFR1 (Class D)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 74,236 †,g Asset Backed Funding Corp NIM Trust 5.900% 07/26/35 $ 0^ Series - 2005 WMC1 (Class N1) 1,707,141 i Asset Backed Securities Corp Home Equity Loan Trust 3.386 08/25/34 1,669 Series - 2004 HE5 (Class M1) 8,000,000 g Avis Budget Rental Car Funding AESOP LLC 3.450 03/20/23 8,178 Series - 2019 1A (Class A) 12,000,000 g Avis Budget Rental Car Funding AESOP LLC 3.070 09/20/23 12,381 Series - 2017 1A (Class A) 32,000,000 g Avis Budget Rental Car Funding AESOP LLC 2.970 03/20/24 33,312 Series - 2017 2A (Class A) 17,600,000 BA Credit Card Trust 1.740 01/15/25 17,955 Series - 2019 A1 (Class A1) 4,745,000 i Bayview Financial Mortgage Pass-Through Trust 1.084 02/28/41 4,738 Series - 2006 A (Class M3) 4,257,784 i Bear Stearns Asset Backed Securities Trust 1.114 04/25/36 4,248 Series - 2006 SD1 (Class M1) 3,384,305 g BRE Grand Islander Timeshare Issuer LLC 3.280 09/26/33 3,543 Series - 2019 A (Class A) 7,355,104 g Capital Automotive REIT 3.660 10/15/44 7,365 Series - 2014 1A (Class A) 6,419,155 g Capital Automotive REIT 3.870 04/15/47 6,430 Series - 2017 1A (Class A1) 12,658,733 g Capital Automotive REIT 2.690 02/15/50 13,086 Series - 2020 1A (Class A1) 7,550,000 CarMax Auto Owner Trust 1.890 12/16/24 7,719 Series - 2020 1 (Class A3) 9,975,000 g Cars Net Lease Mortgage Notes Series 2.010 12/15/50 9,802 Series - 2020 1A (Class A1) 27,000,000 g,i Cayuga Park CLO, Ltd. 1.823 07/17/31 27,043 Series - 2020 1A (Class A) 1,286,638 i C-BASS Trust 0.189 07/25/36 1,248 Series - 2006 CB6 (Class A1) 18,228,636 g CF Hippolyta LLC 1.690 07/15/60 18,365 Series - 2020 1 (Class A1) 5,450,986 g CF Hippolyta LLC 1.990 07/15/60 5,404 Series - 2020 1 (Class A2) 3,120,819 g CF Hippolyta LLC 2.280 07/15/60 3,173 Series - 2020 1 (Class B1) 20,000,000 g CF Hippolyta LLC 1.530 03/15/61 19,927 Series - 2021 1A (Class A1) 4,750,000 g CF Hippolyta LLC 1.980 03/15/61 4,736 Series - 2021 1A (Class B1) Chase Funding Mortgage Loan Asset-Backed 428,194 i 5.700 02/26/35 441 Certificates Series - 2004 2 (Class 1M2) 50,500,000 Chase Issuance Trust 1.530 01/15/25 51,622 Series - 2020 A1 (Class A1) 1,500,000 g,i CIFC Funding Ltd 1.444 07/20/30 1,501 Series - 2017 3A (Class A1) 2,000,000 g,i CIFC Funding Ltd 1.823 11/16/30 2,000 Series - 2017 5A (Class A2) 11,750,000 g,i CIFC Funding Ltd 1.874 08/24/32 11,789 Series - 2020 2A (Class A1)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 183,716 CIT Group Home Equity Loan Trust (Step Bond) 6.200% 02/25/30 $ 188 Series - 2002 1 (Class AF6) 9,487,571 g Corevest American Finance Trust 1.832 03/15/50 9,641 Series - 2020 1 (Class A1) 18,560,950 g DB Master Finance LLC 3.629 11/20/47 18,899 Series - 2017 1A (Class A2I) 4,728,000 g DB Master Finance LLC 3.787 05/20/49 4,824 Series - 2019 1A (Class A2I) 8,185,350 g DB Master Finance LLC 4.021 05/20/49 8,656 Series - 2019 1A (Class A2II) 2,956,514 g Diamond Resorts Owner Trust 3.700 01/21/31 3,087 Series - 2018 1 (Class A) 7,582,594 g Diamond Resorts Owner Trust 2.890 02/20/32 7,825 Series - 2019 1A (Class A) 38,872,750 g Domino’s Pizza Master Issuer LLC 3.082 07/25/47 38,935 Series - 2017 1A (Class A2II) 3,800,000 g,h,i Dryden 49 Senior Loan Fund 0.000 07/18/30 3,800 Series - 2017 49A (Class BR) 5,920,000 g,i Dryden 50 Senior Loan Fund 1.461 07/15/30 5,921 Series - 2017 50A (Class A1) 4,000,000 g DT Auto Owner Trust 0.840 10/15/26 3,989 Series - 2021 1A (Class C) 2,570,671 g,i Ellington Loan Acquisition Trust 1.209 05/25/37 2,575 Series - 2007 2 (Class A2C) 9,917,947 g FNA VI LLC 1.350 01/10/32 9,903 Series - 2021 1A (Class A) 6,000,000 g Ford Credit Auto Owner Trust 2.620 08/15/28 6,118 Series - 2017 1 (Class A) 17,050,000 g Ford Credit Auto Owner Trust 2.360 03/15/29 17,537 Series - 2017 2 (Class A) 12,000,000 Ford Credit Floorplan Master Owner Trust 2.230 09/15/24 12,319 Series - 2019 3 (Class A1) 9,750,000 GM Financial Automobile Leasing Trust 1.670 12/20/22 9,845 Series - 2020 1 (Class A3) 10,100,000 GM Financial Consumer Automobile Receivables Trust 1.840 09/16/24 10,254 Series - 2020 1 (Class A3) 2,000,000 g,i GoldenTree Loan Opportunities IX Ltd 1.322 10/29/29 2,001 Series - 2014 9A (Class AR2) 4,000,000 g GSCG Trust 2.936 09/06/34 4,107 Series - 2019 600C (Class A) 444,745 g HERO Funding Trust 3.280 09/20/48 458 Series - 2017 2A (Class A1) 889,490 g HERO Funding Trust 4.070 09/20/48 917 Series - 2017 2A (Class A2) 831,578 g Hertz Vehicle Financing II LP 3.710 03/25/23 835 Series - 2019 1A (Class A) 2,439,033 g Hertz Vehicle Financing II LP 3.290 02/25/24 2,446 Series - 2018 1A (Class A) 789,005 g Hertz Vehicle Financing II LP 3.420 05/25/25 791 Series - 2019 2A (Class A) 1,579,047 g Hertz Vehicle Financing LLC 4.030 07/25/24 1,586 Series - 2018 3A (Class A)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 3,289,654 g Hilton Grand Vacations Trust 2.660% 12/26/28 $ 3,374 Series - 2017 AA (Class A) 2,837,326 g Hilton Grand Vacations Trust 2.960 12/26/28 2,890 Series - 2017 AA (Class B) 6,532,113 g Hilton Grand Vacations Trust 2.340 07/25/33 6,734 Series - 2019 AA (Class A) 653,764 i Home Equity Asset Trust 3.986 06/25/33 660 Series - 2003 1 (Class M1) 11,035,000 Honda Auto Receivables Owner Trust 1.830 01/18/24 11,219 Series - 2019 4 (Class A3) 399,921 g,i Invitation Homes Trust 1.556 06/17/37 400 Series - 2018 SFR2 (Class D) 1,500,000 g,i Invitation Homes Trust 1.358 01/17/38 1,507 Series - 2018 SFR4 (Class B) 2,700,000 g,i Invitation Homes Trust 1.758 01/17/38 2,716 Series - 2018 SFR4 (Class D) 5,414,619 g JG Wentworth XXII LLC 3.820 12/15/48 5,666 Series - 2010 3A (Class A) 4,807,683 i JP Morgan Mortgage Acquisition Trust 0.429 03/25/37 4,761 Series - 2007 CH3 (Class A1B) 15,241,913 i JP Morgan Mortgage Acquisition Trust 0.269 06/25/37 14,994 Series - 2007 CH5 (Class A1) 5,000,000 g,i KKR Clo 32 Ltd 0.000 01/15/32 5,008 Series - 2020 32A (Class B) 1,821,429 g Laurel Road Prime Student Loan Trust 0.720 11/25/50 1,822 Series - 2020 A (Class A1FX) 12,500,000 g,i Madison Park Funding X Ltd 1.800 01/20/29 12,500 Series - 2012 10A (Class BR3) 530,000 g,i Magnetite XVIII Ltd 1.694 11/15/28 529 Series - 2016 18A (Class BR) 1,222,230 g MVW Owner Trust 2.520 12/20/32 1,228 Series - 2015 1A (Class A) 2,768,361 g MVW Owner Trust 2.420 12/20/34 2,829 Series - 2017 1A (Class A) 3,139,077 g MVW Owner Trust 3.450 01/21/36 3,255 Series - 2018 1A (Class A) 3,352,622 g MVW Owner Trust 2.890 11/20/36 3,439 Series - 2019 1A (Class A) 11,428,417 g MVW Owner Trust 2.220 10/20/38 11,656 Series - 2019 2A (Class A) 7,192,107 g Navient Private Education Refi Loan Trust 1.310 01/15/69 7,237 Series - 2020 HA (Class A) 3,500,000 g Navient Private Education Refi Loan Trust 2.780 01/15/69 3,428 Series - 2020 HA (Class B) 11,608,638 g Navient Private Education Refi Loan Trust 0.840 05/15/69 11,571 Series - 2021 A (Class A) 4,368,693 g Navient Student Loan Trust 3.390 12/15/59 4,606 Series - 2019 BA (Class A2A) 8,600,000 g,h,i Neuberger Berman Loan Advisers CLO 31 Ltd 0.000 04/20/31 8,600 Series - 2019 31A (Class BR) 19,500,000 g,i Octagon Investment Partners 46 Ltd 1.891 07/15/33 19,533 Series - 2020 2A (Class A) 9,500,000 g,i OHA Credit Funding 7 Ltd 1.475 10/19/32 9,509 Series - 2020 7A (Class A)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 17,005,000 g OneMain Financial Issuance Trust 3.840% 05/14/32 $ 17,841 Series - 2020 1A (Class A) 17,350,000 g OneMain Financial Issuance Trust 1.750 09/14/35 17,387 Series - 2020 2A (Class A) 5,000,000 g Oportun Funding XIV LLC 1.210 03/08/28 4,998 Series - 2021 A (Class A) 946,929 g Orange Lake Timeshare Trust 3.100 11/08/30 976 Series - 2018 A (Class A) 6,250,000 g PFS Financing Corp 0.930 08/15/24 6,286 Series - 2020 F (Class A) 20,500,000 g PFS Financing Corp 1.270 06/15/25 20,777 Series - 2020 A (Class A) 9,000,000 g PFS Financing Corp 1.000 10/15/25 9,054 Series - 2020 E (Class A) 9,861,000 g PFS Financing Corp 0.970 02/15/26 9,900 Series - 2020 G (Class A) 2,809,000 g Progress Residential Trust 2.937 10/17/36 2,856 Series - 2019 SFR4 (Class B) 2,552,237 i RASC Trust 3.080 08/25/35 2,553 Series - 2005 KS8 (Class M4) 12,653 i Renaissance Home Equity Loan Trust 0.989 08/25/33 12 Series - 2003 2 (Class A) 15,420,000 Santander Drive Auto Receivables Trust 2.220 09/15/26 15,825 Series - 2020 2 (Class D) 3,690,000 Santander Drive Auto Receivables Trust 1.480 01/15/27 3,712 Series - 2020 4 (Class D) 25,000,000 g SERVPRO Master Issuer LLC 2.394 04/25/51 24,697 Series - 2021 1A (Class A2) 1,697,993 g Sierra Timeshare Receivables Funding LLC 2.430 10/20/33 1,710 Series - 2016 3A (Class A) 1,006,218 g Sierra Timeshare Receivables Funding LLC 2.630 10/20/33 1,010 Series - 2016 3A (Class B) 5,332,817 g Sierra Timeshare Receivables Funding LLC 2.910 03/20/34 5,414 Series - 2017 1A (Class A) 2,458,381 g Sierra Timeshare Receivables Funding LLC 3.200 03/20/34 2,486 Series - 2017 1A (Class B) 2,873,961 g Sierra Timeshare Receivables Funding LLC 3.500 06/20/35 2,985 Series - 2018 2A (Class A) 3,277,518 g Sierra Timeshare Receivables Funding LLC 3.200 01/20/36 3,398 Series - 2019 1A (Class A) 5,040,005 g Sierra Timeshare Receivables Funding LLC 2.590 05/20/36 5,170 Series - 2019 2A (Class A) 3,114,115 g Sierra Timeshare Receivables Funding LLC 2.340 08/20/36 3,192 Series - 2019 3A (Class A) 4,450,000 g Sierra Timeshare Receivables Funding LLC 0.990 11/20/37 4,439 Series - 2021 1A (Class A) 4,825,000 g Sierra Timeshare Receivables Funding LLC 1.340 11/20/37 4,813 Series - 2021 1A (Class B) 2,675,000 g Sierra Timeshare Receivables Funding LLC 1.790 11/20/37 2,679 Series - 2021 1A (Class C) 951,771 g SMB Private Education Loan Trust 2.490 06/15/27 962 Series - 2015 A (Class A2A) 2,211,208 g SMB Private Education Loan Trust 2.750 07/15/27 2,242 Series - 2015 C (Class A2A)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 6,171,334 g SMB Private Education Loan Trust 2.430% 02/17/32 $ 6,318 Series - 2016 B (Class A2A) 9,256,847 g SMB Private Education Loan Trust 2.880 09/15/34 9,646 Series - 2017 A (Class A2A) 9,763,257 g SMB Private Education Loan Trust 2.820 10/15/35 10,125 Series - 2017 B (Class A2A) 4,227,735 g SMB Private Education Loan Trust 3.500 02/15/36 4,452 Series - 2018 A (Class A2A) 5,098,200 g SoFi Professional Loan Program LLC 2.340 04/25/33 5,193 Series - 2016 D (Class A2B) 3,166,147 g SoFi Professional Loan Program LLC 2.490 01/25/36 3,200 Series - 2016 E (Class A2B) 888,522 g SoFi Professional Loan Program LLC 2.760 12/26/36 901 Series - 2016 A (Class A2) 1,712,480 g SoFi Professional Loan Program LLC 2.400 03/26/40 1,734 Series - 2017 A (Class A2B) 4,662,870 g SoFi Professional Loan Program LLC 2.740 05/25/40 4,745 Series - 2017 B (Class A2FX) 1,671,006 g SoFi Professional Loan Program LLC 2.630 07/25/40 1,698 Series - 2017 C (Class A2B) 6,457,745 g SoFi Professional Loan Program LLC 2.720 11/26/40 6,561 Series - 2017 E (Class A2B) 8,214,161 g SoFi Professional Loan Program LLC 2.840 01/25/41 8,407 Series - 2017 F (Class A2FX) 15,598,058 g SoFi Professional Loan Program LLC 2.950 02/25/42 15,915 Series - 2018 A (Class A2B) 8,086,440 g SoFi Professional Loan Program LLC 2.060 05/15/46 8,133 Series - 2020 A (Class A1FX) 5,024,540 g SoFi Professional Loan Program LLC 3.690 06/15/48 5,242 Series - 2019 A (Class A2FX) 8,452,307 g SpringCastle America Funding LLC 1.970 09/25/37 8,518 Series - 2020 AA (Class A) 9,021,000 g SpringCastle America Funding LLC 2.660 09/25/37 9,068 Series - 2020 AA (Class B) 9,000,000 g Stack Infrastructure Issuer LLC 1.893 08/25/45 9,022 Series - 2020 1A (Class A2) 5,875,000 †,g Stack Infrastructure Issuer LLC 1.877 03/26/46 5,829 Series - 2021 1A (Class A2) 170,298 i Structured Asset Investment Loan Trust 1.009 09/25/34 165 Series - 2004 8 (Class M1) 813,501 i Structured Asset Investment Loan Trust 1.109 09/25/34 811 Series - 2004 8 (Class A9) 7,000,000 Synchrony Credit Card Master Note Trust 2.620 10/15/25 7,246 Series - 2017 2 (Class A) 1,828,750 g Taco Bell Funding LLC 4.970 05/25/46 1,982 Series - 2016 1A (Class A23) 16,715,250 g Taco Bell Funding LLC 4.318 11/25/48 16,797 Series - 2018 1A (Class A2I) 10,500,000 g Tesla Auto Lease Trust 2.160 10/20/22 10,687 Series - 2019 A (Class A3) 7,800,000 g Tesla Auto Lease Trust 0.680 12/20/23 7,839 Series - 2020 A (Class A3) 2,300,000 g Tesla Auto Lease Trust 0.780 12/20/23 2,315 Series - 2020 A (Class A4)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 258,120 g TLF National Tax Lien Trust 3.090% 12/15/29 $ 260 Series - 2017 1A (Class A) 5,675,000 Toyota Auto Receivables Owner Trust 1.910 09/15/23 5,742 Series - 2019 C (Class A3) 16,800,000 Toyota Auto Receivables Owner Trust 1.660 05/15/24 17,081 Series - 2020 A (Class A3) 945,291 g Tricon American Homes Trust 2.716 09/17/34 951 Series - 2017 SFR1 (Class A) 4,400,000 g Tricon American Homes Trust 4.011 09/17/34 4,454 Series - 2017 SFR1 (Class E) 3,907,881 g Tricon American Homes Trust 2.928 01/17/36 4,000 Series - 2017 SFR2 (Class A) 1,050,000 g Tricon American Homes Trust 3.275 01/17/36 1,072 Series - 2017 SFR2 (Class B) 44,800,000 Verizon Owner Trust 1.850 07/22/24 45,699 Series - 2020 A (Class A1A) 440,000 Verizon Owner Trust 0.770 04/21/25 438 Series - 2020 C (Class C) 29,508,750 g Wendys Funding LLC 3.573 03/15/48 30,332 Series - 2018 1A (Class A2I) 15,800,000 World Omni Auto Receivables Trust 1.700 01/17/23 16,084 Series - 2020 A (Class A3) TOTAL ASSET BACKED 1,171,173

OTHER MORTGAGE BACKED - 8.1% 3,000,000 g,i 20 Times Square Trust 3.100 05/15/35 2,997 Series - 2018 20TS (Class B) 12,000,000 g,i 20 TSQ GROUNDCO LLC 3.100 05/15/35 11,574 Series - 2018 20TS (Class E) 4,370,000 g,i ACRE Commercial Mortgage Ltd 0.938 12/18/37 4,356 Series - 2021 FL4 (Class A) 794,778 g,i Agate Bay Mortgage Trust 3.500 11/25/44 805 Series - 2014 3 (Class A13) 2,698,225 g,i Agate Bay Mortgage Trust 3.500 09/25/45 2,731 Series - 2015 6 (Class A9) 882,311 i Alternative Loan Trust 0.859 06/25/34 905 Series - 2004 8CB (Class M1) 1,144,277 i Ameriquest Mortgage Securities 1.129 10/25/34 1,143 Series - 2004 R9 (Class M3) 2,500,000 i BANK 4.071 11/15/50 2,618 Series - 2017 BNK8 (Class C) 3,800,000 BANK 3.203 12/15/52 4,024 Series - 2019 BN23 (Class AS) 2,000,000 BANK 2.758 09/15/62 2,068 Series - 2019 BN20 (Class A2) 8,000,000 i BANK 3.283 11/15/62 8,558 Series - 2019 BN24 (Class AS) 3,850,000 g BBCMS Mortgage Trust 3.821 09/05/32 3,826 Series - 2013 TYSN (Class C) 1,250,000 g,i BBCMS Mortgage Trust 4.267 08/05/38 1,066 Series - 2018 CHRS (Class E) 5,000,000 BBCMS Mortgage Trust 3.488 02/15/50 5,402 Series - 2017 C1 (Class ASB)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 853,785 i Bear Stearns Commercial Mortgage Securities Trust 5.117% 02/11/41 $ 848 Series - 2005 PWR7 (Class B) 2,000,000 g,i Benchmark Mortgage Trust 2.791 09/15/48 2,003 Series - 2020 IG2 (Class AM) 2,500,000 g,i Benchmark Mortgage Trust 3.131 09/15/48 2,570 Series - 2020 IG3 (Class AS) 2,500,000 g,i Benchmark Mortgage Trust 3.536 09/15/48 2,611 Series - 2020 IG3 (Class BXA) 1,000,000 i Benchmark Mortgage Trust 3.882 02/15/51 1,113 Series - 2018 B2 (Class A5) 1,445,000 Benchmark Mortgage Trust 4.232 01/15/52 1,643 Series - 2018 B8 (Class A5) 3,452,143 Benchmark Mortgage Trust 4.016 03/15/52 3,872 Series - 2019 B9 (Class A5) 1,500,000 Benchmark Mortgage Trust 3.419 08/15/52 1,600 Series - 2019 B12 (Class AS) 830,000 Benchmark Mortgage Trust 4.241 05/15/53 935 Series - 2018 B7 (Class A3) 5,921,744 i Benchmark Mortgage Trust 4.510 05/15/53 6,826 Series - 2018 B7 (Class A4) 2,500,000 Benchmark Mortgage Trust 3.231 12/15/72 2,655 Series - 2019 B15 (Class AS) 1,881,022 g,i BX Commercial Mortgage Trust 1.026 10/15/36 1,882 Series - 2019 XL (Class A) 7,698,000 i CCUBS Commercial Mortgage Trust 3.462 11/15/50 8,373 Series - 2017 C1 (Class ASB) 5,167,000 CD Mortgage Trust 2.622 08/10/49 5,428 Series - 2016 CD1 (Class ASB) 9,000,000 CD Mortgage Trust 2.926 08/10/49 9,409 Series - 2016 CD1 (Class AM) 5,750,000 i CD Mortgage Trust 3.879 11/10/49 6,047 Series - 2016 CD2 (Class B) 1,000,000 i CD Mortgage Trust 4.023 11/10/49 1,017 Series - 2016 CD2 (Class C) 1,000,000 CD Mortgage Trust 3.453 02/10/50 1,078 Series - 2017 CD3 (Class AAB) 500,000 i CD Mortgage Trust 4.559 02/10/50 512 Series - 2017 CD3 (Class C) 5,000,000 CD Mortgage Trust 3.220 08/15/50 5,385 Series - 2017 CD5 (Class AAB) 3,457,000 CD Mortgage Trust 2.812 08/15/57 3,687 Series - 2019 CD8 (Class ASB) 927,914 CFCRE Commercial Mortgage Trust 3.121 05/10/58 972 Series - 2016 C4 (Class AHR) 879,181 i CHL Mortgage Pass-Through Trust 2.675 02/20/35 890 Series - 2004 HYB9 (Class 1A1) 2,500,000 g,i Citigroup Commercial Mortgage Trust 3.518 05/10/35 2,594 Series - 2013 375P (Class B) 5,750,000 g Citigroup Commercial Mortgage Trust 3.341 05/10/36 6,090 Series - 2019 PRM (Class A) 917,000 i Citigroup Commercial Mortgage Trust 3.732 04/10/46 951 Series - 2013 GC11 (Class B) 2,400,000 Citigroup Commercial Mortgage Trust 4.023 03/10/47 2,588 Series - 2014 GC19 (Class A4)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 2,953,086 Citigroup Commercial Mortgage Trust 3.371% 10/10/47 $ 3,078 Series - 2014 GC25 (Class AAB) 1,700,000 i Citigroup Commercial Mortgage Trust 3.758 04/10/48 1,787 Series - 2015 GC29 (Class B) 3,000,000 i Citigroup Commercial Mortgage Trust 4.151 04/10/48 3,158 Series - 2015 GC29 (Class C) 5,300,000 Citigroup Commercial Mortgage Trust 3.243 08/15/50 5,717 Series - 2017 B1 (Class AAB) 6,765,000 Citigroup Commercial Mortgage Trust 3.764 10/12/50 7,350 Series - 2017 C4 (Class AS) 2,000,000 Citigroup Commercial Mortgage Trust 3.778 09/10/58 2,197 Series - 2015 GC33 (Class A4) 650,000 i Citigroup Mortgage Loan Trust 0.859 01/25/36 648 Series - 2006 WFH1 (Class M4) 5,000,000 g COMM Mortgage Trust 3.244 10/10/29 5,197 Series - 2017 PANW (Class A) 2,000,000 i COMM Mortgage Trust 4.219 07/10/45 2,137 Series - 2013 CR9 (Class A4) 3,727,236 COMM Mortgage Trust 2.853 10/15/45 3,822 Series - 2012 CR4 (Class A3) 1,140,000 g COMM Mortgage Trust 3.147 03/10/46 1,181 Series - 2013 CR6 (Class AM) 3,359,721 g,i COMM Mortgage Trust 3.950 06/10/46 3,501 Series - 2013 CR8 (Class B) 2,000,000 g,i COMM Mortgage Trust 4.790 08/10/46 2,148 Series - 2013 CR10 (Class B) 4,000,000 g,i COMM Mortgage Trust 4.790 08/10/46 4,241 Series - 2013 CR10 (Class C) 3,000,000 COMM Mortgage Trust 4.199 03/10/47 3,232 Series - 2014 UBS2 (Class AM) 750,000 COMM Mortgage Trust 4.174 05/10/47 811 Series - 2014 CR17 (Class AM) 9,131,817 COMM Mortgage Trust 3.917 10/10/47 9,978 Series - 2014 LC17 (Class A5) 5,000,000 i COMM Mortgage Trust 4.188 10/10/47 5,444 Series - 2014 LC17 (Class AM) 1,300,000 i COMM Mortgage Trust 4.490 10/10/47 1,424 Series - 2014 LC17 (Class B) 800,979 i COMM Mortgage Trust 3.829 02/10/48 853 Series - 2015 LC19 (Class B) 1,000,000 g COMM Mortgage Trust 3.000 03/10/48 786 Series - 2015 CR22 (Class E) 1,445,000 COMM Mortgage Trust 3.309 03/10/48 1,556 Series - 2015 CR22 (Class A5) 3,382,775 i COMM Mortgage Trust 3.603 03/10/48 3,649 Series - 2015 CR22 (Class AM) 1,805,000 i COMM Mortgage Trust 4.106 03/10/48 1,921 Series - 2015 CR22 (Class C) 7,150,000 COMM Mortgage Trust 3.801 05/10/48 7,733 Series - 2015 CR23 (Class AM) 4,000,000 i COMM Mortgage Trust 4.183 05/10/48 4,310 Series - 2015 CR23 (Class B) 2,549,000 i COMM Mortgage Trust 4.293 05/10/48 2,711 Series - 2015 CR23 (Class C)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 4,157,128 COMM Mortgage Trust 3.421% 07/10/48 $ 4,383 Series - 2015 LC21 (Class ASB) 1,500,000 i COMM Mortgage Trust 3.463 08/10/48 1,350 Series - 2015 CR24 (Class D) 2,550,000 COMM Mortgage Trust 3.696 08/10/48 2,801 Series - 2015 CR24 (Class A5) 5,000,000 i COMM Mortgage Trust 4.028 08/10/48 5,465 Series - 2015 CR24 (Class AM) 2,000,000 i COMM Mortgage Trust 4.380 08/10/48 2,190 Series - 2015 CR24 (Class B) 1,467,000 i COMM Mortgage Trust 4.380 08/10/48 1,561 Series - 2015 CR24 (Class C) 1,352,000 COMM Mortgage Trust 3.612 10/10/48 1,479 Series - 2015 CR27 (Class A4) 3,212,210 COMM Mortgage Trust 3.630 10/10/48 3,512 Series - 2015 CR26 (Class A4) 1,575,000 COMM Mortgage Trust 3.774 10/10/48 1,732 Series - 2015 LC23 (Class A4) 1,375,000 i COMM Mortgage Trust 4.480 10/10/48 1,517 Series - 2015 CR26 (Class B) 1,039,263 COMM Mortgage Trust 3.651 02/10/49 1,113 Series - 2016 CR28 (Class AHR) 4,650,000 i COMM Mortgage Trust 4.641 02/10/49 5,094 Series - 2016 CR28 (Class B) 1,500,000 i COMM Mortgage Trust 5.112 08/10/50 1,619 Series - 2013 CR11 (Class B) 6,500,000 COMM Mortgage Trust 3.263 08/15/57 6,851 Series - 2019 GC44 (Class AM) 16,080,282 i Connecticut Avenue Securities 2.709 05/25/24 15,810 Series - 2014 C02 (Class 1M2) 565,019 i Connecticut Avenue Securities 3.009 07/25/24 570 Series - 2014 C03 (Class 2M2) 9,976,654 i Connecticut Avenue Securities 3.109 07/25/24 9,836 Series - 2014 C03 (Class 1M2) 1,227,839 i Connecticut Avenue Securities 5.109 11/25/24 1,239 Series - 2014 C04 (Class 2M2) 790,088 i Connecticut Avenue Securities 5.659 04/25/28 833 Series - 2015 C04 (Class 2M2) 1,318,182 i Connecticut Avenue Securities 5.809 04/25/28 1,398 Series - 2015 C04 (Class 1M2) 4,055,998 i Connecticut Avenue Securities 6.859 08/25/28 4,290 Series - 2016 C01 (Class 1M2) 3,653,727 i Connecticut Avenue Securities 6.109 09/25/28 3,849 Series - 2016 C02 (Class 1M2) 2,650,668 i Connecticut Avenue Securities 6.009 10/25/28 2,803 Series - 2016 C03 (Class 2M2) 2,866,330 i Connecticut Avenue Securities 4.559 01/25/29 2,982 Series - 2016 C05 (Class 2M2) 2,210,149 i Connecticut Avenue Securities 4.359 04/25/29 2,301 Series - 2016 C06 (Class 1M2) 2,956,923 i Connecticut Avenue Securities 0.959 09/25/29 2,887 Series - 2017 C02 (Class 2ED4) 2,726,546 i Connecticut Avenue Securities 1.459 09/25/29 2,731 Series - 2017 C02 (Class 2ED3)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,084,388 i Connecticut Avenue Securities 2.309% 01/25/30 $ 1,085 Series - 2017 C05 (Class 1M2A) 895,414 i Connecticut Avenue Securities 2.309 01/25/30 904 Series - 2017 C05 (Class 1M2) 2,562,682 i Connecticut Avenue Securities 2.359 07/25/30 2,564 Series - 2018 C01 (Class 1M2) 2,210,003 i Connecticut Avenue Securities 0.959 10/25/30 2,196 Series - 2018 C03 (Class 1EA2) 1,920,570 i Connecticut Avenue Securities 2.659 12/25/30 1,924 Series - 2018 C04 (Class 2M2) 601,067 g,i Connecticut Avenue Securities 2.559 07/25/31 602 Series - 2019 R01 (Class 2M2) 946,959 g,i Connecticut Avenue Securities 2.209 09/25/39 948 Series - 2019 R06 (Class 2M2) 1,240,000 g,i Connecticut Avenue Securities 2.109 01/25/40 1,236 Series - 2020 R02 (Class 2M2) 2,000,000 g,i CPT Mortgage Trust 2.997 11/13/39 1,916 Series - 2019 CPT (Class E) 7,400,000 g,i Credit Suisse Commercial Mortgage Trust 3.728 11/10/32 7,879 Series - 2017 CALI (Class B) 2,236,991 g,i Credit Suisse Commercial Mortgage Trust 0.759 05/25/36 2,239 Series - 2006 CF2 (Class M3) 8,574,244 g,i Credit Suisse Commercial Mortgage Trust 3.500 02/25/48 8,704 Series - 2018 J1 (Class A11) 1,910,000 g,i Credit Suisse Mortgage Capital Certificates 1.706 05/15/36 1,911 Series - 2019 ICE4 (Class D) 4,270,400 g,i CSMC Series 3.388 10/25/59 4,327 Series - 2019 NQM1 (Class M1) 9,250,000 DBGS Mortgage Trust 4.466 10/15/51 10,609 Series - 2018 C1 (Class A4) 11,000,000 DBJPM Mortgage Trust 2.756 08/10/49 11,564 Series - 2016 C3 (Class ASB) 10,000,000 DBJPM Mortgage Trust 3.121 06/10/50 10,741 Series - 2017 C6 (Class ASB) 5,300,000 DBJPM Mortgage Trust 2.340 09/15/53 5,184 Series - 2020 C9 (Class AM) 17,410,000 g DBUBS Mortgage Trust 3.452 10/10/34 18,559 Series - 2017 BRBK (Class A) 15,500,000 g,i DBUBS Mortgage Trust 3.530 10/10/34 16,456 Series - 2017 BRBK (Class B) 7,118,418 g DBUBS Mortgage Trust 4.537 07/10/44 7,132 Series - 2011 LC2A (Class A4) 3,100,000 g,i DBUBS Mortgage Trust 4.998 07/10/44 3,104 Series - 2011 LC2A (Class B) 5,000,000 g,i DBUBS Mortgage Trust 5.615 07/10/44 5,002 Series - 2011 LC2A (Class C) 5,009,890 g,i DBUBS Mortgage Trust 5.351 08/10/44 5,008 Series - 2011 LC3A (Class AM) 2,084,000 g,i DBUBS Mortgage Trust 5.351 08/10/44 2,088 Series - 2011 LC3A (Class B) 2,051,000 g,i Ellington Financial Mortgage Trust 3.587 06/25/59 2,056 Series - 2019 1 (Class M1) 1,878,721 i Fieldstone Mortgage Investment Trust 0.844 12/25/35 1,872 Series - 2005 2 (Class M2)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,073,619 g,i FirstKey Mortgage Trust 3.500% 11/25/44 $ 1,093 Series - 2014 1 (Class A8) 470,336 g,i Flagstar Mortgage Trust 3.500 03/25/47 470 Series - 2017 1 (Class 1A5) 2,541,460 g,i Flagstar Mortgage Trust 4.106 10/25/47 2,635 Series - 2017 2 (Class B3) 832,212 g,i Flagstar Mortgage Trust 4.000 09/25/48 841 Series - 2018 5 (Class A11) 678,906 g,i Freddie Mac Structured Agency Credit Risk Debt Notes 3.726 02/25/48 679 Series - 2018 SPI1 (Class M2) 750,000 g,i FREMF Mortgage Trust 4.021 03/25/49 825 Series - 2016 K53 (Class B) 5,943,000 g GS Mortgage Securities Corp II 3.551 04/10/34 6,028 Series - 2012 ALOH (Class A) 4,430,000 g GS Mortgage Securities Corp II 2.954 11/05/34 4,479 Series - 2012 BWTR (Class A) 1,350,000 i GS Mortgage Securities Corp II 3.777 05/10/50 1,450 Series - 2015 GC30 (Class AS) 8,220,000 i GS Mortgage Securities Corp II 3.992 03/10/51 9,200 Series - 2018 GS9 (Class A4) 3,500,000 i GS Mortgage Securities Corp II 4.155 07/10/51 3,944 Series - 2018 GS10 (Class A5) 2,000,000 g,i GS Mortgage Securities Trust 1.556 07/15/31 1,976 Series - 2018 TWR (Class C) 1,174,438 GS Mortgage Securities Trust 3.206 02/10/48 1,226 Series - 2015 GC28 (Class AAB) 2,816,500 GS Mortgage Securities Trust 3.396 02/10/48 3,035 Series - 2015 GC28 (Class A5) 2,000,000 i GS Mortgage Securities Trust 4.018 07/10/48 2,189 Series - 2015 GC32 (Class AS) 3,085,810 GS Mortgage Securities Trust 3.278 10/10/48 3,250 Series - 2015 GC34 (Class AAB) 110,548 GS Mortgage Securities Trust 2.635 05/10/49 111 Series - 2016 GS2 (Class A2) 2,000,000 GS Mortgage Securities Trust 3.143 10/10/49 2,117 Series - 2016 GS3 (Class AS) 2,000,000 GS Mortgage Securities Trust 3.674 03/10/50 2,204 Series - 2017 GS5 (Class A4) 4,150,000 i GS Mortgage Securities Trust 3.826 03/10/50 4,516 Series - 2017 GS5 (Class AS) 1,750,000 i GS Mortgage Securities Trust 4.047 03/10/50 1,893 Series - 2017 GS5 (Class B) 12,000,000 GS Mortgage Securities Trust 3.230 05/10/50 12,858 Series - 2017 GS6 (Class AAB) 6,000,000 GS Mortgage Securities Trust 3.433 05/10/50 6,517 Series - 2017 GS6 (Class A3) 3,000,000 GS Mortgage Securities Trust 3.837 11/10/50 3,306 Series - 2017 GS8 (Class ABP) 1,374,000 i GS Mortgage Securities Trust 4.336 11/10/50 1,432 Series - 2017 GS8 (Class C) 3,145,000 GS Mortgage Securities Trust 3.968 02/10/52 3,519 Series - 2019 GC38 (Class A4)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 2,800,000 i GS Mortgage Securities Trust 4.158% 02/10/52 $ 3,111 Series - 2019 GC38 (Class AS) 2,000,000 g,i GS Mortgage Securities Trust 3.550 07/10/52 2,066 Series - 2019 GC40 (Class DBC) 2,500,000 i GS Mortgage Securities Trust 3.173 02/13/53 2,647 Series - 2020 GC45 (Class AS) 2,432,491 g,i GS Mortgage-Backed Securities Corp Trust 4.000 11/25/49 2,446 Series - 2019 PJ2 (Class A4) 931,205 g,i GS Mortgage-Backed Securities Corp Trust 4.000 11/25/49 938 Series - 2019 PJ2 (Class A1) 436,182 g,i GS Mortgage-Backed Securities Corp Trust 3.500 07/25/50 440 Series - 2020 PJ2 (Class A4) 2,720,654 i HarborView Mortgage Loan Trust 0.730 08/19/45 2,723 Series - 2005 11 (Class 2A1A) 6,000,000 g Hudson Yards Mortgage Trust 2.835 08/10/38 6,301 Series - 2016 10HY (Class A) 7,250,000 g,i Hudson Yards Mortgage Trust 2.977 08/10/38 7,502 Series - 2016 10HY (Class C) 2,500,000 g,i Hudson Yards Mortgage Trust 2.977 08/10/38 2,619 Series - 2016 10HY (Class B) 5,500,000 g,i Hudson Yards Mortgage Trust 2.943 12/10/41 5,395 Series - 2019 55HY (Class D) 2,750,000 g,i Hudson Yards Mortgage Trust 2.943 12/10/41 2,622 Series - 2019 55HY (Class E) 447,155 i Impac CMB Trust 0.769 03/25/35 457 Series - 2004 11 (Class 2A1) 833,069 g JP Morgan Chase Commercial Mortgage Securities Corp 4.717 02/15/46 832 Series - 2011 C3 (Class A4) 10,975,000 g,i JP Morgan Chase Commercial Mortgage Securities Corp 5.360 02/15/46 9,876 Series - 2011 C3 (Class C) 14,325,580 g JP Morgan Chase Commercial Mortgage Securities Corp 4.801 07/15/46 14,326 Series - 2011 C4 (Class B) 6,455,000 g,i JP Morgan Chase Commercial Mortgage Securities Corp 5.419 07/15/46 6,456 Series - 2011 C4 (Class C) 2,800,000 JP Morgan Chase Commercial Mortgage Securities Corp 3.372 12/15/47 2,909 Series - 2013 C10 (Class AS) 1,780,000 JP Morgan Chase Commercial Mortgage Securities Corp 3.914 01/15/49 1,974 Series - 2015 JP1 (Class A5) 750,000 i JP Morgan Chase Commercial Mortgage Securities Corp 4.119 01/15/49 826 Series - 2015 JP1 (Class AS) 7,000,000 JP Morgan Chase Commercial Mortgage Securities Corp 2.713 08/15/49 7,339 Series - 2016 JP2 (Class ASB) 4,500,000 JP Morgan Chase Commercial Mortgage Securities Corp 3.379 09/15/50 4,753 Series - 2017 JP7 (Class A3)

356

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) JP Morgan Chase Commercial Mortgage Securities $ 150,000 i 4.078% 01/15/46 $ 159 Trust Series - 2013 C13 (Class AS) 4,276,188 g,i JP Morgan Mortgage Trust 2.124 12/25/44 4,373 Series - 2015 1 (Class B1) 571,076 g,i JP Morgan Mortgage Trust 3.500 05/25/45 578 Series - 2015 3 (Class A19) 4,821,725 g,i JP Morgan Mortgage Trust 3.500 10/25/45 4,873 Series - 2015 6 (Class A13) 1,077,670 g,i JP Morgan Mortgage Trust 3.500 05/25/46 1,092 Series - 2016 1 (Class A13) 89,026 g,i JP Morgan Mortgage Trust 3.500 01/25/47 89 Series - 2017 1 (Class A3) 1,432,529 g,i JP Morgan Mortgage Trust 3.500 05/25/47 1,436 Series - 2017 2 (Class A5) 2,651,470 g,i JP Morgan Mortgage Trust 3.500 05/25/47 2,691 Series - 2017 2 (Class A13) 1,922,338 g,i JP Morgan Mortgage Trust 3.500 09/25/48 1,918 Series - 2018 3 (Class A13) 322,858 g,i JP Morgan Mortgage Trust 3.500 10/25/48 323 Series - 2018 4 (Class A5) 648,320 g,i JP Morgan Mortgage Trust 3.500 10/25/48 657 Series - 2018 4 (Class A13) 2,523,090 g,i JP Morgan Mortgage Trust 3.500 10/25/48 2,561 Series - 2018 5 (Class A13) 1,517,647 g,i JP Morgan Mortgage Trust 3.115 10/26/48 1,553 Series - 2017 5 (Class A2) 868,445 g,i JP Morgan Mortgage Trust 4.000 01/25/49 888 Series - 2018 8 (Class A13) 2,666,322 g,i JP Morgan Mortgage Trust 4.000 02/25/49 2,712 Series - 2018 9 (Class A13) 1,493,680 g,i JP Morgan Mortgage Trust 4.000 05/25/49 1,519 Series - 2019 1 (Class A3) 2,458,965 g,i JP Morgan Mortgage Trust 4.000 05/25/49 2,499 Series - 2019 1 (Class A15) 1,533,094 g,i JP Morgan Mortgage Trust 4.757 09/25/49 1,620 Series - 2019 3 (Class B1) 4,883,893 g,i JP Morgan Mortgage Trust 1.059 10/25/49 4,918 Series - 2019 INV1 (Class A11) 6,983,477 g,i JP Morgan Mortgage Trust 3.889 06/25/50 7,303 Series - 2020 1 (Class B2) 1,000,000 i JPMBB Commercial Mortgage Securities Trust 4.133 08/15/46 1,055 Series - 2013 C14 (Class A4) 1,350,000 JPMBB Commercial Mortgage Securities Trust 3.775 08/15/47 1,457 Series - 2014 C21 (Class A5) 5,000,000 JPMBB Commercial Mortgage Securities Trust 3.997 08/15/47 5,408 Series - 2014 C21 (Class AS) 2,000,000 i JPMBB Commercial Mortgage Securities Trust 4.472 09/15/47 2,144 Series - 2014 C23 (Class B) 3,000,000 JPMBB Commercial Mortgage Securities Trust 3.898 02/15/48 3,152 Series - 2015 C27 (Class B) 2,556,000 JPMBB Commercial Mortgage Securities Trust 3.611 05/15/48 2,780 Series - 2015 C29 (Class A4)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 2,500,000 i JPMBB Commercial Mortgage Securities Trust 3.917% 05/15/48 $ 2,718 Series - 2015 C29 (Class AS) 1,600,000 i JPMBB Commercial Mortgage Securities Trust 4.118 05/15/48 1,666 Series - 2015 C29 (Class B) 3,500,000 JPMBB Commercial Mortgage Securities Trust 4.106 08/15/48 3,838 Series - 2015 C31 (Class AS) 9,125,000 i JPMBB Commercial Mortgage Securities Trust 4.620 08/15/48 10,001 Series - 2015 C31 (Class B) 4,610,000 JPMBB Commercial Mortgage Securities Trust 3.576 03/15/49 5,036 Series - 2016 C1 (Class A5) 4,750,000 JPMCC Commercial Mortgage Securities Trust 3.457 03/15/50 5,154 Series - 2017 JP5 (Class A4) 1,220,000 JPMCC Commercial Mortgage Securities Trust 3.549 03/15/50 1,319 Series - 2017 JP5 (Class ASB) 3,000,000 JPMDB Commercial Mortgage Securities Trust 3.694 03/15/50 3,305 Series - 2017 C5 (Class A5) 9,000,000 JPMDB Commercial Mortgage Securities Trust 2.536 05/13/53 9,044 Series - 2020 COR7 (Class AS) 3,497,680 g Ladder Capital Commercial Mortgage Securities 3.575 02/15/36 3,744 Series - 2013 GCP (Class A1) 5,000,000 g Ladder Capital Commercial Mortgage Securities 3.357 07/12/50 5,393 Series - 2017 LC26 (Class ASB) 7,250,000 g Liberty Street Trust 3.597 02/10/36 7,869 Series - 2016 225L (Class A) 4,000,000 g,i MAD Mortgage Trust 2.976 08/15/34 4,164 Series - 2017 330M (Class A) 1,500,000 g,i Manhattan West 2.335 09/10/39 1,504 Series - 2020 1MW (Class B) 3,000,000 g,i Manhattan West 2.335 09/10/39 2,979 Series - 2020 1MW (Class C) 825,972 i Merrill Lynch Mortgage Investors Trust 2.278 01/25/37 798 Series - 2006 WMC1 (Class A1B) 1,203,061 Morgan Stanley Bank of America Merrill Lynch Trust 2.469 02/15/46 1,223 Series - 2013 C7 (Class AAB) 2,847,110 g Morgan Stanley Bank of America Merrill Lynch Trust 3.989 12/15/46 2,982 Series - 2014 C19 (Class LNC1) 938,092 g Morgan Stanley Bank of America Merrill Lynch Trust 4.384 12/15/46 980 Series - 2014 C19 (Class LNC2) 4,650,000 Morgan Stanley Bank of America Merrill Lynch Trust 3.832 12/15/47 5,007 Series - 2014 C19 (Class AS) 1,600,000 Morgan Stanley Bank of America Merrill Lynch Trust 3.605 02/15/48 1,713 Series - 2015 C20 (Class AS) 2,500,000 Morgan Stanley Bank of America Merrill Lynch Trust 3.338 03/15/48 2,680 Series - 2015 C21 (Class A4) 5,500,000 Morgan Stanley Bank of America Merrill Lynch Trust 3.652 03/15/48 5,903 Series - 2015 C21 (Class AS)

358

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 3,000,000 Morgan Stanley Bank of America Merrill Lynch Trust 3.561% 04/15/48 $ 3,198 Series - 2015 C22 (Class AS) 750,084 i Morgan Stanley Capital I Trust 0.934 08/25/34 743 Series - 2004 HE6 (Class M1) 2,795,000 i Morgan Stanley Capital I Trust 3.779 05/15/48 3,067 Series - 2015 MS1 (Class A4) 618,786 †,i Morgan Stanley Capital I Trust 6.099 12/12/49 349 Series - 2007 IQ16 (Class AJ) 422,091 †,i Morgan Stanley Capital I Trust 6.099 12/12/49 238 Series - 2007 IQ16 (Class AJFX) 6,000,000 Morgan Stanley Capital I Trust 3.304 06/15/50 6,434 Series - 2017 H1 (Class ASB) 1,458,000 Morgan Stanley Capital I Trust 3.587 12/15/50 1,598 Series - 2017 HR2 (Class A4) 8,750,000 Morgan Stanley Capital I Trust 4.177 07/15/51 9,792 Series - 2018 H3 (Class A5) 2,840,000 i Morgan Stanley Capital I Trust 4.429 07/15/51 3,204 Series - 2018 H3 (Class AS) 5,027,114 Morgan Stanley Capital I Trust 4.310 12/15/51 5,723 Series - 2018 H4 (Class A4) 3,000,000 g,i MSDB Trust 3.316 07/11/39 3,157 Series - 2017 712F (Class A) 1,200,000 g,i Natixis Commercial Mortgage Securities Trust 3.790 11/15/32 1,241 Series - 2018 285M (Class A) 15,010,000 g,i Natixis Commercial Mortgage Securities Trust 1.606 07/15/36 15,054 Series - 2019 MILE (Class A) 5,000,000 g,i Natixis Commercial Mortgage Securities Trust 1.906 07/15/36 5,008 Series - 2019 MILE (Class B) 5,000,000 g,i Natixis Commercial Mortgage Securities Trust 2.856 07/15/36 5,000 Series - 2019 MILE (Class D) 5,000,000 g Natixis Commercial Mortgage Securities Trust 2.507 10/15/36 5,105 Series - 2019 1776 (Class A) 2,000,000 g Natixis Commercial Mortgage Securities Trust 2.966 12/15/38 2,073 Series - 2020 2PAC (Class A) 398,453 g,i New Residential Mortgage Loan Trust 3.750 05/28/52 421 Series - 2015 1A (Class A3) 103,338 g,i New Residential Mortgage Loan Trust 4.000 08/27/57 111 Series - 2017 6A (Class A1) 698,483 i New York Mortgage Trust 0.589 02/25/36 700 Series - 2005 3 (Class A1) 1,667,829 g,i OBX Trust 0.759 06/25/57 1,671 Series - 2018 1 (Class A2) 1,120,924 g,i OBX Trust 0.859 07/25/58 1,121 Series - 2018 EXP2 (Class 2A1A) 69,429 g Prima Capital CRE Securitization Ltd 2.550 08/24/49 69 Series - 2015 4A (Class MR-A) 2,000,000 g RBS Commercial Funding, Inc Trust 3.511 03/11/31 2,011 Series - 2013 SMV (Class B) 1,368,774 g,i Sequoia Mortgage Trust 3.500 05/25/45 1,393 Series - 2015 2 (Class A1) 1,228,238 g,i Sequoia Mortgage Trust 3.500 06/25/46 1,245 Series - 2016 1 (Class A19)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 536,158 g,i Sequoia Mortgage Trust 3.500% 11/25/46 $ 540 Series - 2016 3 (Class A10) 1,415,781 g,i Sequoia Mortgage Trust 3.500 02/25/47 1,420 Series - 2017 2 (Class A4) 343,259 g,i Sequoia Mortgage Trust 3.500 02/25/47 348 Series - 2017 2 (Class A19) 1,219,881 g,i Sequoia Mortgage Trust 3.500 04/25/47 1,223 Series - 2017 3 (Class A4) 109,584 g,i Sequoia Mortgage Trust 3.500 04/25/47 111 Series - 2017 3 (Class A19) 52,520 g,i Sequoia Mortgage Trust 3.500 09/25/47 53 Series - 2017 6 (Class A4) 2,264,741 g,i Sequoia Mortgage Trust 3.749 09/25/47 2,399 Series - 2017 6 (Class B1) 863,949 g,i Sequoia Mortgage Trust 3.500 02/25/48 880 Series - 2018 2 (Class A1) 163,009 g,i Sequoia Mortgage Trust 3.500 02/25/48 166 Series - 2018 2 (Class A19) 3,417,981 g,i Sequoia Mortgage Trust 3.500 03/25/48 3,483 Series - 2018 3 (Class A1) 77,644 g,i Sequoia Mortgage Trust 3.500 03/25/48 78 Series - 2018 3 (Class A4) 442,838 g,i Sequoia Mortgage Trust 4.000 09/25/48 450 Series - 2018 7 (Class A19) 493,960 g,i Sequoia Mortgage Trust 4.000 11/25/48 499 Series - 2018 8 (Class A19) 3,249,621 g,i Sequoia Mortgage Trust 4.000 06/25/49 3,309 Series - 2019 2 (Class A1) 1,022,426 g,i Sequoia Mortgage Trust 4.000 06/25/49 1,036 Series - 2019 2 (Class A19) 5,542,041 g,i Sequoia Mortgage Trust 3.500 11/25/49 5,606 Series - 2019 4 (Class A1) 3,850,343 g,i Sequoia Mortgage Trust 3.500 12/25/49 3,887 Series - 2019 5 (Class A19) 6,668,244 g,i Sequoia Mortgage Trust 3.500 12/25/49 6,732 Series - 2019 5 (Class A1) 5,919,054 g,i Sequoia Mortgage Trust 3.500 03/25/50 6,074 Series - 2020 2 (Class A1) 11,949,684 g,i Sequoia Mortgage Trust 3.000 04/25/50 12,221 Series - 2020 3 (Class A19) 476,861 g,i Shellpoint Co-Originator Trust 3.500 11/25/46 479 Series - 2016 1 (Class 1A10) 1,129,075 g,i Shellpoint Co-Originator Trust 3.500 04/25/47 1,145 Series - 2017 1 (Class A19) 84,828 i Structured Agency Credit Risk Debt Note (STACR) 4.259 01/25/25 85 Series - 2015 DN1 (Class M3) 4,417,043 i STACR 4.759 10/25/28 4,622 Series - 2016 DNA2 (Class M3) 13,115,989 i STACR 3.359 07/25/29 13,478 Series - 2017 DNA1 (Class M2) 1,498,435 i STACR 1.309 10/25/29 1,500 Series - 2017 DNA2 (Class M1) 935,474 i STACR 1.909 07/25/30 929 Series - 2018 DNA1 (Class M2)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,124,712 g,i STACR 4.489% 11/25/48 $ 1,123 Series - 2018 SPI4 (Class M2) 2,439,767 g,i STACR 2.059 10/25/49 2,437 Series - 2019 DNA4 (Class M2) 2,183,353 g,i STACR 2.159 11/25/49 2,183 Series - 2019 HQA4 (Class M2) 1,524,776 g,i STACR 1.809 12/25/49 1,520 Series - 2020 DNA1 (Class M2) 3,400,000 g,i STACR 1.959 02/25/50 3,387 Series - 2020 DNA2 (Class M2) 7,181,169 g,i STACR 3.209 03/25/50 7,262 Series - 2020 HQA2 (Class M2) 601,449 g,i STACR 1.209 07/27/50 602 Series - 2020 HQA2 (Class M1) GBP 350,000 g,i Taurus UK DAC 1.349 05/17/31 483 Series - 2021 UK1A (Class B) 510,000 g,i Taurus UK DAC 1.699 05/17/31 704 Series - 2021 UK1A (Class C) $ 1,275,000 g Tricon American Homes 2.049 07/17/38 1,267 Series - 2020 SFR1 (Class B) 12,548,000 UBS Commercial Mortgage Trust 3.256 06/15/50 13,450 Series - 2017 C1 (Class ASB) 2,000,000 UBS Commercial Mortgage Trust 3.366 10/15/50 2,161 Series - 2017 C4 (Class ASB) 4,000,000 UBS-Barclays Commercial Mortgage Trust 2.850 12/10/45 4,122 Series - 2012 C4 (Class A5) 3,356,853 g VERUS A3 (Step Bond) 1.733 05/25/65 3,358 Series - 2020 5 (Class A3) 4,000,000 g,i Verus Securitization Trust 3.781 05/25/59 3,955 Series - 2019 2 (Class M1) 2,150,000 g,i Verus Securitization Trust 3.139 07/25/59 2,153 Series - 2019 3 (Class M1) 1,112,758 g VSE VOI Mortgage LLC 2.540 07/20/33 1,120 Series - 2016 A (Class A) 853,144 g VSE VOI Mortgage LLC 2.740 07/20/33 859 Series - 2016 A (Class B) 3,276,096 g VSE VOI Mortgage LLC 2.330 03/20/35 3,338 Series - 2017 A (Class A) 8,200,000 Wells Fargo Commercial Mortgage Trust 3.539 10/15/45 8,493 Series - 2012 LC5 (Class AS) 1,740,030 Wells Fargo Commercial Mortgage Trust 3.405 12/15/47 1,880 Series - 2014 LC18 (Class A5) 990,000 Wells Fargo Commercial Mortgage Trust 3.406 05/15/48 1,055 Series - 2015 NXS1 (Class AS) 2,000,000 i Wells Fargo Commercial Mortgage Trust 3.658 05/15/48 2,106 Series - 2015 NXS1 (Class B) 2,566,000 Wells Fargo Commercial Mortgage Trust 3.637 06/15/48 2,803 Series - 2015 C29 (Class A4) 10,000,000 Wells Fargo Commercial Mortgage Trust 2.788 07/15/48 10,470 Series - 2016 C35 (Class ASB) 64,018 Wells Fargo Commercial Mortgage Trust 1.321 08/15/49 64 Series - 2016 BNK1 (Class A1)

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 15,000,000 Wells Fargo Commercial Mortgage Trust 2.514% 08/15/49 $ 15,674 Series - 2016 BNK1 (Class ASB) 15,000,000 Wells Fargo Commercial Mortgage Trust 2.825 10/15/49 15,762 Series - 2016 LC24 (Class ASB) 9,266,759 Wells Fargo Commercial Mortgage Trust 2.749 03/15/50 9,387 Series - 2017 RB1 (Class A2) 7,500,000 Wells Fargo Commercial Mortgage Trust 3.446 03/15/50 8,097 Series - 2017 RB1 (Class ASB) 872,111 Wells Fargo Commercial Mortgage Trust 3.635 03/15/50 959 Series - 2017 RB1 (Class A5) 2,000,000 Wells Fargo Commercial Mortgage Trust 3.757 03/15/50 2,184 Series - 2017 RB1 (Class AS) 1,825,000 Wells Fargo Commercial Mortgage Trust 3.184 04/15/50 1,959 Series - 2015 LC20 (Class A5) 15,000,000 Wells Fargo Commercial Mortgage Trust 3.261 07/15/50 16,084 Series - 2017 C38 (Class ASB) 10,000,000 Wells Fargo Commercial Mortgage Trust 3.212 09/15/50 10,773 Series - 2017 C39 (Class ASB) 4,710,000 Wells Fargo Commercial Mortgage Trust 4.302 01/15/52 5,350 Series - 2018 C48 (Class A5) 4,000,000 i Wells Fargo Commercial Mortgage Trust 3.767 07/15/58 4,391 Series - 2015 NXS2 (Class A5) 1,000,000 i Wells Fargo Commercial Mortgage Trust 4.293 07/15/58 1,091 Series - 2015 NXS2 (Class B) 3,800,000 Wells Fargo Commercial Mortgage Trust 3.560 01/15/59 4,151 Series - 2016 C32 (Class A4) 6,000,000 Wells Fargo Commercial Mortgage Trust 3.749 03/15/59 6,508 Series - 2016 C33 (Class AS) 650,000 Wells Fargo Commercial Mortgage Trust 2.933 11/15/59 686 Series - 2016 C36 (Class ASB) 1,269,553 g,i Wells Fargo Mortgage Backed Securities Trust 4.000 04/25/49 1,285 Series - 2019 2 (Class A17) 7,720,811 g,i Wells Fargo Mortgage Backed Securities Trust 3.500 09/25/49 7,895 Series - 2019 4 (Class A1) 8,105,344 g,i WFRBS Commercial Mortgage Trust 4.902 06/15/44 8,139 Series - 2011 C4 (Class A4) 1,770,000 WFRBS Commercial Mortgage Trust 3.345 05/15/45 1,846 Series - 2013 C13 (Class AS) 4,075,308 i WFRBS Commercial Mortgage Trust 4.079 03/15/46 4,378 Series - 2013 UBS1 (Class A4) 1,050,000 i WFRBS Commercial Mortgage Trust 4.162 12/15/46 1,138 Series - 2013 C18 (Class A5) 2,185,281 WFRBS Commercial Mortgage Trust 3.995 05/15/47 2,367 Series - 2014 C20 (Class A5) 3,865,000 WFRBS Commercial Mortgage Trust 3.607 11/15/47 4,168 Series - 2014 C24 (Class A5) 8,000,000 WFRBS Commercial Mortgage Trust 3.560 03/15/48 8,353 Series - 2013 C12 (Class AS) 541,594 g,i WinWater Mortgage Loan Trust 3.854 06/20/44 549 Series - 2014 1 (Class B4) TOTAL OTHER MORTGAGE BACKED 1,153,365

TOTAL STRUCTURED ASSETS 2,324,538 (Cost $2,288,743)

362

VALUE SHARES COMPANY (000) COMMON STOCKS - 0.0%

TELECOMMUNICATION SERVICES - 0.0% 52,000 * Oi S.A. (ADR) $ 86 TOTAL TELECOMMUNICATION SERVICES 86

TOTAL COMMON STOCKS 86 (Cost $462)

PREFERRED STOCKS - 0.2%

BANKS - 0.2% 328,800 Bank of America Corp 8,220 470,597 *,e Federal Home Loan Mortgage Corp 2,372 1,527,061 * Federal National Mortgage Association 8,475 208,000 * JPMorgan Chase & Co 5,329 TOTAL BANKS 24,396

TOTAL PREFERRED STOCKS 24,396 (Cost $63,411)

MATURITY PRINCIPAL ISSUER RATE DATE SHORT-TERM INVESTMENTS - 14.6%

GOVERNMENT AGENCY DEBT - 7.5% $ 10,000,000 Federal Agricultural Mortgage Corp (FAMC) 0.080% 04/29/21 10,000 10,000,000 FAMC 0.020 07/27/21 9,999 25,000,000 FAMC 0.070 12/15/21 24,991 20,000,000 Federal Farm Credit Bank (FFCB) 0.030 04/08/21 20,000 5,000,000 FFCB 0.010 04/28/21 5,000 15,000,000 FFCB 0.100 07/26/21 14,999 15,000,000 FFCB 0.090 08/31/21 14,998 24,000,000 FFCB 0.060 01/25/22 23,990 33,334,000 FFCB 0.080 02/15/22 33,316 30,548,000 Federal Home Loan Bank (FHLB) 0.025-0.026 04/07/21 30,548 24,000,000 FHLB 0.085 04/09/21 24,000 25,000,000 FHLB 0.085 04/13/21 25,000 98,383,000 FHLB 0.039-0.085 04/14/21 98,383 88,765,000 FHLB 0.010-0.080 04/16/21 88,765 24,000,000 FHLB 0.010 04/21/21 24,000 13,624,000 FHLB 0.010-0.040 04/23/21 13,624 10,000,000 FHLB 0.025 05/07/21 10,000 67,700,000 FHLB 0.039-0.100 05/12/21 67,699 13,600,000 FHLB 0.015 05/14/21 13,600 65,766,000 FHLB 0.012-0.090 05/19/21 65,765 4,669,000 FHLB 0.015 05/26/21 4,669

363

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 52,622,000 FHLB 0.020-0.100% 06/16/21 $ 52,620 18,900,000 FHLB 0.015-0.023 06/18/21 18,899 50,000,000 FHLB 0.022 06/28/21 49,997 76,165,000 FHLB 0.086-0.087 07/09/21 76,159 32,000,000 FHLB 0.090 07/21/21 31,997 37,750,000 FHLB 0.079 07/30/21 37,747 25,000,000 FHLB 0.050 08/06/21 24,997 57,733,000 FHLB 0.050 08/11/21 57,726 40,000,000 FHLB 0.054 08/13/21 39,996 10,000,000 FHLB 0.060 09/01/21 9,998 20,000,000 FHLB 0.058 09/08/21 19,997 5,193,000 FHLB 0.025 09/17/21 5,192 20,317,000 FHLB 0.100 01/03/22 20,309 TOTAL GOVERNMENT AGENCY DEBT 1,068,980

TREASURY DEBT - 6.9% EGP 28,100,000 Egypt Treasury Bill 12.269 09/14/21 1,687 49,700,000 Egypt Treasury Bill 12.654 11/16/21 2,921 UAH 16,000,000 Ukraine Treasury Bill 0.000 10/27/21 544 $ 80,000,000 United States Cash Management Bill 0.030-0.086 06/15/21 79,999 55,145,000 United States Cash Management Bill 0.088-0.090 06/22/21 55,143 37,191,000 United States Cash Management Bill 0.040 07/06/21 37,190 50,000,000 United States Cash Management Bill 0.045 07/13/21 49,998 50,000,000 United States Cash Management Bill 0.052 07/20/21 49,997 20,878,000 United States Treasury Bill 0.037 04/06/21 20,878 165,635,000 United States Treasury Bill 0.027-0.035 04/08/21 165,635 78,760,000 United States Treasury Bill 0.081-0.086 04/20/21 78,759 50,000,000 United States Treasury Bill 0.097 04/22/21 50,000 50,000,000 United States Treasury Bill 0.078 04/27/21 49,999 30,000,000 United States Treasury Bill 0.097 04/29/21 30,000 21,949,000 United States Treasury Bill 0.020 05/06/21 21,949 100,000,000 United States Treasury Bill 0.030-0.075 05/20/21 99,998 38,730,000 United States Treasury Bill 0.031-0.041 05/27/21 38,729 20,000,000 United States Treasury Bill 0.032 06/01/21 20,000 51,017,000 United States Treasury Bill 0.078-0.092 06/03/21 51,016 25,000,000 United States Treasury Bill 0.082 07/01/21 24,998 50,000,000 United States Treasury Bill 0.086 07/08/21 49,997 TOTAL TREASURY DEBT 979,437

SHARES COMPANY INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2% State Street Navigator Securities Lending Government 35,109,397 c 0.030 35,109 Money Market Portfolio TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES 35,109

TOTAL SHORT-TERM INVESTMENTS 2,083,526 (Cost $2,083,402) TOTAL INVESTMENTS - 111.2% 15,818,799 (Cost $15,518,072) OTHER ASSETS & LIABILITIES, NET - (11.2)% (1,595,624) NET ASSETS - 100.0% $ 14,223,175

Abbreviation(s): ADR American Depositary Receipt AUD Australian Dollar CAD Canadian Dollar CLP Chilean Peso CNY Chinese Yuan DOP Dominican Republic Peso EGP Egyptian Pound EUR Euro GBP Pound Sterling IDR Indonesian Rupiah ILS Israeli New Shekel JPY Japanese Yen KRW South Korean Won KZT Kazakhstani Tenge LIBOR London Interbank Offered Rate M Month MXN Mexican Peso MYR Malaysian Ringgit NOK Norwegian Krone NZD New Zealand Dollar PEN Peruvian Sol PLN Polish Zloty REIT Real Estate Investment Trust RON Romanian Leu RSD Serbian Dinar RUB Russian Ruble SEK Swedish Krona THB Thai Baht UAH Ukrainian Hryvnia UGX Ugandan shilling UYU Uruguayan Peso W Week ZAR South African Rand

* Non-income producing ^ Amount represents less than $1,000. † Security is categorized as Level 3 in the fair value hierarchy. ‡ Perpetual security c Investments made with cash collateral received from securities on loan e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $35,346,186. Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified g institutional buyers. At 3/31/21, the aggregate value of these securities is $2,756,783,982 or 19.4% of net assets. h All or a portion of these securities were purchased on a delayed delivery basis. Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on i the underlying asset of the security. Coupon rate reflects the rate at period end. Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer k Price Index. o Payment in Kind Bond q In default

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Number of long Unrealized (short) appreciation Description contracts Expiration date Notional amount Value (depreciation) Chicago Board of Trade (500) 06/21/21 $ (72,773) $ (71,844) $ 929

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Currency to Unrealized Currency to be Settlement be Receive Deliver Counterparty appreciation sold date purchased (depreciation) $ 3,772 EUR 3,096 Australia and New Zealand Banking Group 04/22/21 $ 140 $ 581 EUR 478 Australia and New Zealand Banking Group 04/30/21 21 $ 555 EUR 460 Australia and New Zealand Banking Group 04/30/21 15 $ 2,242 EUR 1,884 Australia and New Zealand Banking Group 04/30/21 31 $ 3,010 NZD 4,084 Australia and New Zealand Banking Group 04/30/21 158 $ 1,321 THB 41,287 Australia and New Zealand Banking Group 04/30/21 (0)^ Total $ 365 $ 95,826 EUR 78,935 Bank of America 04/30/21 $ 3,200 EUR 46 $ 54 Bank of America 04/30/21 (1) NZD 1,522 $ 1,098 Bank of America 04/30/21 (35) Total $ 3,164 $ 5,095 KRW 5,785,265 Citibank N.A. 04/30/21 $ (36) $ 5,114 AUD 6,463 Morgan Stanley 04/30/21 $ 204 $ 23,158 GBP 16,414 Morgan Stanley 04/30/21 528 $ 1,392 ILS 4,636 Morgan Stanley 04/30/21 5 $ 3,991 NOK 33,603 Morgan Stanley 04/30/21 62 $ 438 ZAR 6,566 Morgan Stanley 04/30/21 (5) Total $ 794 $ 6,842 CAD 8,574 Toronto Dominion Bank 04/30/21 $ 19 $ 15,136 CNY 99,400 Toronto Dominion Bank 04/30/21 26 $ 684 EUR 566 Toronto Dominion Bank 04/30/21 20 $ 560 EUR 469 Toronto Dominion Bank 04/30/21 9 $ 1,139 EUR 961 Toronto Dominion Bank 04/30/21 12 $ 556 EUR 460 Toronto Dominion Bank 04/30/21 16 $ 551 EUR 456 Toronto Dominion Bank 04/30/21 16 $ 1,211 GBP 860 Toronto Dominion Bank 04/30/21 26 $ 40,376 JPY 4,279,837 Toronto Dominion Bank 04/30/21 1,711 $ 892 PLN 3,538 Toronto Dominion Bank 04/30/21 (3) $ 737 SEK 6,107 Toronto Dominion Bank 04/30/21 37 EUR 418 $ 496 Toronto Dominion Bank 04/30/21 (5) GBP 955 $ 1,310 Toronto Dominion Bank 04/30/21 6 Total $ 1,890 Total $ 6,177

^Amount represents less than $1,000.

366

Abbreviation(s): AUD Australian Dollar CAD Canadian Dollar CNY Chinese Yuan EUR Euro GBP Pound Sterling ILS Israeli New Shekel JPY Japanese Yen KRW South Korean Won NOK Norwegian Krone NZD New Zealand Dollar PLN Polish Zloty SEK Swedish Krona THB Thai Baht ZAR South African Rand

367

COLLEGE RETIREMENT EQUITIES FUND INFLATION-LINKED BOND ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) GOVERNMENT BONDS - 99.8%

AGENCY SECURITIES - 0.4% $ 16,170,000 Montefiore Medical Center 2.895% 04/20/32 $ 17,532 3,000,000 Private Export Funding Corp (PEFCO) 3.250 06/15/25 3,265 3,289,474 Reliance Industries Ltd 2.444 01/15/26 3,438 5,000,000 United States International Development Finance Corp 1.490 08/15/31 4,978 TOTAL AGENCY SECURITIES 29,213

MORTGAGE BACKED - 2.7% 21,308,646 Government National Mortgage Association (GNMA) 3.600 09/15/31 22,688 10,577,764 GNMA 3.650 02/15/32 11,467 2,337,647 GNMA 3.380 07/15/35 2,483 3,026,994 GNMA 3.870 10/15/36 3,279 39,569,859 GNMA 1.730 07/15/37 38,957 58,274,327 GNMA 4.250 09/15/38 63,450 24,972,242 GNMA 1.650 07/15/42 24,013 26,812,946 GNMA 2.750 01/15/45 28,111 TOTAL MORTGAGE BACKED 194,448

U.S. TREASURY SECURITIES - 96.7% 87,798,609 k United States Treasury Inflation Indexed Bonds 0.125 01/15/22 89,779 262,949,970 k United States Treasury Inflation Indexed Bonds 0.125 04/15/22 270,417 332,103,280 k United States Treasury Inflation Indexed Bonds 0.125 07/15/22 345,279 344,465,440 k United States Treasury Inflation Indexed Bonds 0.125 01/15/23 361,258 249,551,520 k United States Treasury Inflation Indexed Bonds 0.625 04/15/23 265,499 252,311,060 k United States Treasury Inflation Indexed Bonds 0.375 07/15/23 270,116 156,089,503 k United States Treasury Inflation Indexed Bonds 0.625 01/15/24 169,225 211,552,080 k United States Treasury Inflation Indexed Bonds 0.500 04/15/24 229,308 158,065,250 k United States Treasury Inflation Indexed Bonds 0.125 07/15/24 171,004 175,848,225 k United States Treasury Inflation Indexed Bonds 0.125 10/15/24 190,205 179,992,750 k United States Treasury Inflation Indexed Bonds 0.250 01/15/25 195,501 273,706,140 k United States Treasury Inflation Indexed Bonds 2.375 01/15/25 320,616 164,034,720 k United States Treasury Inflation Indexed Bonds 0.125 04/15/25 177,568 207,345,200 k United States Treasury Inflation Indexed Bonds 0.375 07/15/25 228,415 271,656,000 k United States Treasury Inflation Indexed Bonds 0.125 10/15/25 295,928 161,807,310 k United States Treasury Inflation Indexed Bonds 0.625 01/15/26 179,918 218,517,552 k United States Treasury Inflation Indexed Bonds 2.000 01/15/26 258,201 161,487,240 k United States Treasury Inflation Indexed Bonds 0.125 07/15/26 176,477 227,916,770 k United States Treasury Inflation Indexed Bonds 0.375 01/15/27 251,382 124,765,628 k United States Treasury Inflation Indexed Bonds 2.375 01/15/27 152,750 123,492,600 k United States Treasury Inflation Indexed Bonds 0.375 07/15/27 136,954 217,897,815 k United States Treasury Inflation Indexed Bonds 0.500 01/15/28 242,664 215,232,780 k United States Treasury Inflation Indexed Bonds 1.750 01/15/28 258,834 114,853,107 k United States Treasury Inflation Indexed Bonds 3.625 04/15/28 154,625 133,369,600 k United States Treasury Inflation Indexed Bonds 0.750 07/15/28 152,074 195,769,980 k United States Treasury Inflation Indexed Bonds 0.875 01/15/29 224,478 143,625,780 k United States Treasury Inflation Indexed Bonds 2.500 01/15/29 183,751 206,970,588 k United States Treasury Inflation Indexed Bonds 3.875 04/15/29 290,474

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 191,205,630 k United States Treasury Inflation Indexed Bonds 0.250 07/15/29 210,381

368

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 157,568,350 k United States Treasury Inflation Indexed Bonds 0.125% 01/15/30 $ 170,484 124,963,475 k United States Treasury Inflation Indexed Bonds 0.125 07/15/30 135,626 75,354,750 k United States Treasury Inflation Indexed Bonds 0.125 01/15/31 81,111 64,835,000 k United States Treasury Inflation Indexed Bonds 3.375 04/15/32 94,424 24,201,600 k United States Treasury Inflation Indexed Bonds 2.125 02/15/40 34,697 15,068,850 k United States Treasury Inflation Indexed Bonds 0.125 02/15/51 15,171 TOTAL U.S. TREASURY SECURITIES 6,984,594

TOTAL GOVERNMENT BONDS 7,208,255 (Cost $6,576,090)

SHORT-TERM INVESTMENTS - 0.0%

GOVERNMENT AGENCY DEBT - 0.0% 1,620,000 Federal Home Loan Bank (FHLB) 0.010 04/23/21 1,620 TOTAL GOVERNMENT AGENCY DEBT 1,620

TOTAL SHORT-TERM INVESTMENTS 1,620 (Cost $1,620) TOTAL INVESTMENTS - 99.8% 7,209,875 (Cost $6,577,710) OTHER ASSETS & LIABILITIES, NET - 0.2% 16,602 NET ASSETS - 100.0% $ 7,226,477

k Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Number of long Unrealized Description (short) Expiration date Notional amount Value appreciation contracts (depreciation) Chicago Board of Trade (75) 06/21/21 $ (14,118) $ (13,591) $ 527

369

COLLEGE RETIREMENT EQUITIES FUND SOCIAL CHOICE ACCOUNT SCHEDULE OF INVESTMENTS (unaudited) March 31, 2021

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) BANK LOAN OBLIGATIONS - 0.0%

MATERIALS - 0.0% LIBOR 1 M + $ 44,269 †,h,i CarbonLite P LLC 12.000% 09/05/21 $ 44 12.000% TOTAL MATERIALS 44

TECHNOLOGY HARDWARE & EQUIPMENT - 0.0% LIBOR 1 M + 3,625,972 i MTS Systems Corp 4.000 07/05/23 3,622 3.250% TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 3,622

TOTAL BANK LOAN OBLIGATIONS 3,666 (Cost $3,657)

BONDS - 39.2%

CORPORATE BONDS - 16.6%

AUTOMOBILES & COMPONENTS - 0.1% 5,400,000 e BorgWarner, Inc 2.650 07/01/27 5,607 14,350,000 g Hyundai Capital Services, Inc 1.250 02/08/26 13,995 TOTAL AUTOMOBILES & COMPONENTS 19,602

BANKS - 3.2% 13,750,000 Bank of America Corp 0.981 09/25/25 13,714 14,025,000 Bank of America Corp 2.456 10/22/25 14,701 4,500,000 Barclays plc 3.811 03/10/42 4,408 7,449,000 g BNP Paribas S.A. 2.219 06/09/26 7,638 18,725,000 g BNP Paribas S.A. 1.323 01/13/27 18,313 4,350,000 g BNP Paribas S.A. 1.904 09/30/28 4,276 10,500,000 g BNP Paribas S.A. 2.588 08/12/35 9,875 10,000,000 Citigroup, Inc 1.678 05/15/24 10,204 29,125,000 Citigroup, Inc 0.776 10/30/24 29,105 2,900,000 Citigroup, Inc 5.950 N/A‡ 3,125 4,345,000 Citigroup, Inc 5.000 N/A‡ 4,477 10,250,000 Citizens Bank NA 2.250 04/28/25 10,635 3,800,000 Citizens Bank NA 3.750 02/18/26 4,179 9,075,000 Citizens Financial Group, Inc 3.250 04/30/30 9,636 26,161,000 Cooperatieve Rabobank UA 3.750 07/21/26 28,531 10,000,000 e,g Cooperatieve Rabobank UA 1.106 02/24/27 9,768 14,700,000 g Credit Agricole S.A. 1.247 01/26/27 14,377 16,025,000 g ING Groep NV 1.400 07/01/26 15,942 12,500,000 h,i ING Groep NV SOFR + 1.010% 1.020 04/01/27 12,523 17,000,000 h ING Groep NV 2.727 04/01/32 16,990 2,714,000 g Intesa Sanpaolo S.p.A 3.375 01/12/23 2,828 1,825,000 g Intesa Sanpaolo S.p.A 5.017 06/26/24 1,994 9,750,000 g Intesa Sanpaolo S.p.A 3.250 09/23/24 10,385

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 13,775,000 g Intesa Sanpaolo S.p.A 5.710% 01/15/26 $ 15,439 15,675,000 g Itau Unibanco Holding S.A. 3.875 04/15/31 15,205 9,150,000 JPMorgan Chase & Co 0.563 02/16/25 9,082 15,000,000 JPMorgan Chase & Co 1.040 02/04/27 14,630 2,375,000 KeyCorp 2.550 10/01/29 2,405 9,570,000 g Kookmin Bank 2.500 11/04/30 9,262 4,000,000 Lloyds Banking Group plc 4.500 11/04/24 4,446 9,494,000 Lloyds Banking Group plc 3.870 07/09/25 10,332 Massachusetts Higher Education 6,350,000 2.673 07/01/31 6,297 Assistance Corp 10,000,000 Mitsubishi UFJ Financial Group, Inc 2.527 09/13/23 10,455 LIBOR 3 M + 5,925,000 i Mizuho Financial Group, Inc 0.818 03/01/28 5,952 0.630% 11,125,000 e,g National Australia Bank Ltd 2.332 08/21/30 10,509 9,250,000 National Bank of Canada 0.550 11/15/24 9,227 10,250,000 People’s United Bank NA 4.000 07/15/24 11,060 18,057,000 People’s United Financial, Inc 3.650 12/06/22 18,823 2,790,000 Royal Bank of Scotland Group plc 2.359 05/22/24 2,879 13,620,000 g,i Standard Chartered plc SOFR + 1.250% 1.281 10/14/23 13,769 10,200,000 g Standard Chartered plc 1.319 10/14/23 10,265 12,150,000 g Standard Chartered plc 0.991 01/12/25 12,079 5,550,000 g Standard Chartered plc 1.214 03/23/25 5,560 10,000,000 g Standard Chartered plc 1.456 01/14/27 9,760 7,275,000 Sumitomo Mitsui Financial Group, Inc 1.474 07/08/25 7,278 17,785,000 SVB Financial Group 3.500 01/29/25 19,201 4,350,000 SVB Financial Group 3.125 06/05/30 4,518 12,775,000 SVB Financial Group 1.800 02/02/31 11,779 14,135,000 SVB Financial Group 4.100 N/A‡ 14,170 14,350,000 Truist Financial Corp 1.267 03/02/27 14,179 10,000,000 g UBS Group AG. 2.095 02/11/32 9,459 7,500,000 g UniCredit S.p.A 6.572 01/14/22 7,818 15,000,000 g UniCredit S.p.A 2.569 09/22/26 15,060 3,600,000 g UniCredit S.p.A 5.459 06/30/35 3,816 2,000,000 g USAA Capital Corp 2.125 05/01/30 1,963 TOTAL BANKS 574,301

CAPITAL GOODS - 0.4% 10,450,000 Carrier Global Corp 2.700 02/15/31 10,447 4,800,000 CNH Industrial Capital LLC 1.950 07/02/23 4,929 Ingersoll-Rand Luxembourg Finance 8,975,000 3.800 03/21/29 9,846 S.A. 4,150,000 Johnson Controls International plc 1.750 09/15/30 3,892 4,400,000 Masco Corp 1.500 02/15/28 4,226 5,000,000 Otis Worldwide Corp 3.112 02/15/40 4,922 4,975,000 Parker-Hannifin Corp 4.200 11/21/34 5,633 3,400,000 Roper Technologies, Inc 1.400 09/15/27 3,285 Siemens Financieringsmaatschappij 6,300,000 g,i SOFR + 0.430% 0.440 03/11/24 6,319 NV Siemens Financieringsmaatschappij 12,500,000 g 1.200 03/11/26 12,355 NV 6,500,000 Xylem, Inc 1.950 01/30/28 6,489 3,575,000 Xylem, Inc 2.250 01/30/31 3,508 TOTAL CAPITAL GOODS 75,851

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document COMMERCIAL & PROFESSIONAL SERVICES - 0.2% 9,540,000 IHS Markit Ltd 4.125 08/01/23 10,223 17,210,000 Rockefeller Foundation 2.492 10/01/50 15,756 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 25,979

371

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) CONSUMER SERVICES - 0.6% $ 3,125,000 Conservation Fund 3.474% 12/15/29 $ 3,242 10,000,000 Henry J Kaiser Family Foundation 3.356 12/01/25 10,306 5,145,000 Low Income Investment Fund 3.711 07/01/29 5,443 LIBOR 3 M + 3,440,000 i Nature Conservancy 1.285 02/01/24 3,451 1.080% New York Public Library Astor 17,500,000 4.305 07/01/45 16,952 Lenox & Tilden Foundations 4,060,000 Salvation Army 5.637 09/01/26 4,858 20,000,000 Salvation Army 4.528 09/01/48 21,199 12,300,000 Starbucks Corp 2.450 06/15/26 12,879 9,500,000 Starbucks Corp 4.450 08/15/49 11,022 11,440,000 Wisconsin Alumni Research Foundation 3.564 10/01/49 11,612 11,065,000 YMCA of Greater New York 5.151 08/01/48 11,139 TOTAL CONSUMER SERVICES 112,103

DIVERSIFIED FINANCIALS - 1.6% 8,350,000 AerCap Ireland Capital DAC 1.750 01/30/26 8,110 3,300,000 Bank of New York Mellon Corp 4.700 N/A‡ 3,575 21,375,000 g BPCE S.A. 1.652 10/06/26 21,325 11,500,000 Century Housing Corp 3.995 11/01/21 11,631 8,725,000 Charles Schwab Corp 4.000 N/A‡ 8,577 10,720,000 Community Preservation Corp 2.867 02/01/30 10,623 16,425,000 g Credit Suisse Group AG. 1.305 02/02/27 15,898 4,750,000 Enterprise Community Loan Fund, Inc 4.152 11/01/28 4,824 15,000,000 Ford Foundation 2.815 06/01/70 13,503 13,300,000 Goldman Sachs Group, Inc 0.855 02/12/26 13,073 2,300,000 Legg Mason, Inc 3.950 07/15/24 2,529 14,950,000 Morgan Stanley 0.985 12/10/26 14,593 10,000,000 g NongHyup Bank 1.250 07/20/25 9,935 680,000 Reinvestment Fund, Inc 3.377 02/15/22 686 1,378,000 Reinvestment Fund, Inc 3.166 11/01/23 1,397 3,000,000 Reinvestment Fund, Inc 3.600 02/15/24 3,064 10,250,000 Reinvestment Fund, Inc 3.366 11/01/24 10,440 2,570,000 Reinvestment Fund, Inc 3.513 11/01/25 2,593 15,240,000 Reinvestment Fund, Inc 3.880 02/15/27 15,453 10,435,000 Reinvestment Fund, Inc 3.930 02/15/28 10,489 20,300,000 g Societe Generale S.A. 1.488 12/14/26 19,947 4,475,000 g Starwood Property Trust, Inc 5.500 11/01/23 4,676 12,500,000 State Street Corp 2.354 11/01/25 13,148 7,900,000 g Swiss Re Finance Luxembourg SA 5.000 04/02/49 8,944 4,825,000 g UBS Group AG 1.008 07/30/24 4,853 14,700,000 g UBS Group AG 1.364 01/30/27 14,486 11,075,000 e Unilever Capital Corp 2.000 07/28/26 11,452 5,523,000 Unilever Capital Corp 2.125 09/06/29 5,515 6,125,000 e Unilever Capital Corp 1.375 09/14/30 5,749 3,450,000 g WLB Asset II B Pte Ltd 3.950 12/10/24 3,415 1,925,000 g WLB Asset II Pte Ltd 4.000 01/14/24 1,974 TOTAL DIVERSIFIED FINANCIALS 276,477

ENERGY - 0.8% 6,899,000 g Aker BP ASA 4.750 06/15/24 7,075 8,000,000 g Aker BP ASA 2.875 01/15/26 8,262 10,000,000 g Aker BP ASA 4.000 01/15/31 10,424

372

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 9,625,000 Enbridge, Inc 2.500% 01/15/25 $ 10,032 5,830,000 Enbridge, Inc 5.750 07/15/80 6,238 8,125,000 Equinor ASA 2.375 05/22/30 8,105 5,932,000 Equinor ASA 3.950 05/15/43 6,420 12,450,000 Equinor ASA 3.250 11/18/49 12,191 3,875,000 ONEOK, Inc 4.000 07/13/27 4,202 6,200,000 ONEOK, Inc 4.950 07/13/47 6,495 18,000,000 g TerraForm Power Operating LLC 5.000 01/31/28 19,423 12,850,000 Total Capital International S.A. 2.986 06/29/41 12,322 11,316,000 Total Capital International S.A. 3.127 05/29/50 10,653 LIBOR 3 M + 10,750,000 i Valero Energy Corp 1.334 09/15/23 10,786 1.150% TOTAL ENERGY 140,140

FOOD & STAPLES RETAILING - 0.1% LIBOR 3 M + 7,125,000 g,i 7-Eleven, Inc 0.645 08/10/22 7,132 0.450% 11,500,000 g 7-Eleven, Inc 0.950 02/10/26 11,202 5,722,000 SYSCO Corp 2.400 02/15/30 5,682 TOTAL FOOD & STAPLES RETAILING 24,016

FOOD, BEVERAGE & TOBACCO - 0.1% 10,000,000 g NBM US Holdings, Inc 6.625 08/06/29 10,998 5,650,000 g Nutrition & Biosciences, Inc 1.832 10/15/27 5,524 4,500,000 PepsiCo, Inc 2.875 10/15/49 4,355 TOTAL FOOD, BEVERAGE & TOBACCO 20,877

HEALTH CARE EQUIPMENT & SERVICES - 0.1% 6,900,000 Cigna Corp 0.613 03/15/24 6,871 10,125,000 Cigna Corp 2.375 03/15/31 9,959 TOTAL HEALTH CARE EQUIPMENT & SERVICES 16,830

HOUSEHOLD & PERSONAL PRODUCTS - 0.1% 7,125,000 Kimberly-Clark Corp 2.875 02/07/50 6,999 5,300,000 Procter & Gamble Co 3.000 03/25/30 5,705 12,975,000 Procter & Gamble Co 1.200 10/29/30 12,007 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 24,711

INSURANCE - 1.0% 6,850,000 g AIA Group Ltd 3.600 04/09/29 7,359 11,450,000 g AIA Group Ltd 3.375 04/07/30 12,197 2,400,000 Chubb INA Holdings, Inc 1.375 09/15/30 2,191 3,750,000 CNA Financial Corp 2.050 08/15/30 3,564 11,400,000 g Empower Finance 2020 LP 1.357 09/17/27 11,016 4,000,000 g Empower Finance 2020 LP 1.776 03/17/31 3,709 12,900,000 g Equitable Financial Life Global Funding 1.400 08/27/27 12,447 15,675,000 g Five Corners Funding Trust II 2.850 05/15/30 16,155 4,700,000 g Great-West Lifeco US Finance 2020 LP 0.904 08/12/25 4,625 20,000,000 Principal Financial Group, Inc 2.125 06/15/30 19,233 14,400,000 g Protective Life Global Funding 1.737 09/21/30 13,469 6,504,000 Prudential Financial, Inc 1.500 03/10/26 6,571 10,250,000 Prudential Financial, Inc 5.200 03/15/44 10,914 4,265,000 Prudential Financial, Inc 3.700 10/01/50 4,313

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 4,475,000 Reinsurance Group of America, Inc 3.900 05/15/29 4,905 6,100,000 Reinsurance Group of America, Inc 3.150 06/15/30 6,309

373

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 18,222,000 g Swiss Re Treasury US Corp 2.875% 12/06/22 $ 18,795 14,024,000 g Swiss Re Treasury US Corp 4.250 12/06/42 16,078 TOTAL INSURANCE 173,850

MATERIALS - 0.7% 7,250,000 g Celulosa Arauco y Constitucion S.A. 4.200 01/29/30 7,803 10,000,000 e,g Celulosa Arauco y Constitucion S.A. 5.150 01/29/50 11,152 10,500,000 Fibria Overseas Finance Ltd 5.500 01/17/27 11,970 4,600,000 International Paper Co 4.800 06/15/44 5,510 17,000,000 e,g Inversiones CMPC S.A. 4.375 04/04/27 18,695 10,000,000 g Klabin Austria GmbH 7.000 04/03/49 11,953 7,775,000 g Klabin Finance S.A. 4.875 09/19/27 8,495 EUR 2,500,000 g LG Chem Ltd 0.500 04/15/23 2,958 $ 3,250,000 g LG Chem Ltd 3.625 04/15/29 3,518 LIBOR 3 M + 10,000,000 i LYB International Finance III LLC 1.202 10/01/23 10,029 1.000% 5,925,000 LYB International Finance III LLC 3.375 10/01/40 5,860 5,000,000 Newmont Corp 2.250 10/01/30 4,871 5,250,000 Newmont Goldcorp Corp 3.625 06/09/21 5,252 9,875,000 PPG Industries, Inc 1.200 03/15/26 9,678 12,736,000 Teck Resources Ltd 3.900 07/15/30 13,310 TOTAL MATERIALS 131,054

MEDIA & ENTERTAINMENT - 0.2% 10,000,000 Alphabet, Inc 1.100 08/15/30 9,192 2,900,000 Bush Foundation 2.754 10/01/50 2,751 5,035,000 g Continuum Energy Levanter Pte Ltd 4.500 02/09/27 5,148 4,411,000 g Discovery Communications LLC 4.000 09/15/55 4,342 5,756,000 g Liberty Utilities Finance GP 2.050 09/15/30 5,393 10,000,000 g NTT Finance Corp 1.162 04/03/26 9,868 7,500,000 g NTT Finance Corp 2.065 04/03/31 7,405 2,320,000 Smithsonian Institution 2.645 09/01/39 2,215 TOTAL MEDIA & ENTERTAINMENT 46,314

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.7% 4,800,000 Bristol-Myers Squibb Co 2.350 11/13/40 4,366 7,700,000 Bristol-Myers Squibb Co 2.550 11/13/50 6,843 6,275,000 Gilead Sciences, Inc 1.200 10/01/27 6,016 5,625,000 Gilead Sciences, Inc 2.600 10/01/40 5,169 15,400,000 Gilead Sciences, Inc 2.800 10/01/50 13,687 8,650,000 GlaxoSmithKline Capital, Inc 3.625 05/15/25 9,511 18,450,000 Merck & Co, Inc 0.750 02/24/26 18,209 9,075,000 Merck & Co, Inc 1.450 06/24/30 8,646 13,700,000 Merck & Co, Inc 2.450 06/24/50 12,083 7,725,000 g,i Roche Holdings, Inc SOFR + 0.240% 0.251 03/05/24 7,730 12,500,000 g Roche Holdings, Inc 0.991 03/05/26 12,408 14,675,000 Takeda Pharmaceutical Co Ltd 2.050 03/31/30 14,144 8,500,000 Takeda Pharmaceutical Co Ltd 3.175 07/09/50 8,118 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 126,930

REAL ESTATE - 0.8% 13,400,000 American Tower Corp 1.500 01/31/28 12,780 1,975,000 Brandywine Operating Partnership LP 3.950 02/15/23 2,064

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 4,300,000 Brandywine Operating Partnership LP 3.950 11/15/27 4,566 9,095,000 Brixmor Operating Partnership LP 3.900 03/15/27 9,929

374

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 3,800,000 Brixmor Operating Partnership LP 2.250% 04/01/28 $ 3,729 5,975,000 Corporate Office Properties LP 2.750 04/15/31 5,778 2,350,000 Equinix, Inc 1.800 07/15/27 2,307 3,500,000 Federal Realty Investment Trust 2.750 06/01/23 3,637 6,900,000 Federal Realty Investment Trust 1.250 02/15/26 6,813 6,425,000 g HAT Holdings I LLC 5.250 07/15/24 6,634 1,975,000 g HAT Holdings I LLC 6.000 04/15/25 2,084 10,000,000 g HAT Holdings I LLC 3.750 09/15/30 9,625 10,900,000 Host Hotels & Resorts LP 3.500 09/15/30 10,943 11,075,000 Kilroy Realty LP 3.450 12/15/24 11,840 14,360,000 Kilroy Realty LP 2.500 11/15/32 13,486 3,940,000 Life Storage LP 2.200 10/15/30 3,722 16,822,000 Regency Centers LP 3.750 06/15/24 18,048 8,245,000 g Scentre Group Trust 2 5.125 09/24/80 8,578 TOTAL REAL ESTATE 136,563

RETAILING - 0.1% 4,100,000 Advance Auto Parts, Inc 1.750 10/01/27 4,040 5,525,000 Lowe’s Cos, Inc 3.000 10/15/50 5,153 TOTAL RETAILING 9,193

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1% 4,208,000 g NXP BV 3.400 05/01/30 4,444 17,200,000 g SK Hynix, Inc 2.375 01/19/31 16,264 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 20,708

SOFTWARE & SERVICES - 0.3% 10,000,000 Automatic Data Processing, Inc 1.250 09/01/30 9,161 7,725,000 Mastercard, Inc 1.900 03/15/31 7,593 7,500,000 Visa, Inc 1.900 04/15/27 7,687 5,000,000 e Visa, Inc 0.750 08/15/27 4,800 17,000,000 Visa, Inc 1.100 02/15/31 15,469 12,425,000 Visa, Inc 2.000 08/15/50 10,053 TOTAL SOFTWARE & SERVICES 54,763

TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% 14,250,000 Apple, Inc 3.000 06/20/27 15,461 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 15,461

TELECOMMUNICATION SERVICES - 0.3% 9,000,000 i Verizon Communications, Inc SOFR + 0.790% 0.800 03/20/26 9,052 14,225,000 Verizon Communications, Inc 2.550 03/21/31 14,212 9,825,000 Verizon Communications, Inc 3.400 03/22/41 9,974 18,825,000 Verizon Communications, Inc 3.550 03/22/51 18,799 TOTAL TELECOMMUNICATION SERVICES 52,037

TRANSPORTATION - 0.4% 5,350,000 Canadian Pacific Railway Co 2.050 03/05/30 5,169 1,581,393 Delta Air Lines, Inc 4.250 07/30/23 1,616 7,150,000 Delta Air Lines, Inc 3.204 04/25/24 7,407 7,825,000 Delta Air Lines, Inc 2.900 10/28/24 7,824 6,250,000 g Delta Air Lines, Inc 7.000 05/01/25 7,200 5,100,000 Delta Air Lines, Inc 7.375 01/15/26 5,963

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 4,850,515 Delta Air Lines, Inc 2.000% 06/10/28 $ 4,858 13,176,524 Delta Air Lines, Inc 2.500 06/10/28 13,351 7,000,000 Kansas City Southern 4.300 05/15/43 7,674 475,000 Norfolk Southern Corp 5.590 05/17/25 557 TOTAL TRANSPORTATION 61,619

UTILITIES - 4.6% 10,875,000 g AES Corp 1.375 01/15/26 10,599 10,875,000 g AES Corp 2.450 01/15/31 10,398 14,500,000 g AES Gener S.A. 6.350 10/07/79 15,533 4,375,000 Arizona Public Service Co 3.750 05/15/46 4,557 5,875,000 Atlantic City Electric Co 2.300 03/15/31 5,806 LIBOR 3 M + 11,925,000 i Atmos Energy Corp 0.565 03/09/23 11,926 0.380% 14,950,000 Avangrid, Inc 3.200 04/15/25 16,006 13,200,000 Avangrid, Inc 3.800 06/01/29 14,520 10,275,000 Avista Corp 4.350 06/01/48 11,794 700,000 g Azure Power Energy Ltd 5.500 11/03/22 714 5,900,000 g Azure Power Solar Energy Pvt Ltd 5.650 12/24/24 6,243 9,750,000 g Brooklyn Union Gas Co 4.273 03/15/48 10,893 13,500,000 g Brooklyn Union Gas Co 4.487 03/04/49 15,454 CenterPoint Energy Houston Electric 9,875,000 2.350 04/01/31 9,878 LLC CenterPoint Energy Houston Electric 12,350,000 3.350 04/01/51 12,418 LLC LIBOR 3 M + 19,400,000 i CenterPoint Energy Resources Corp 0.684 03/02/23 19,406 0.500% 13,675,000 g Clearway Energy Operating LLC 3.750 02/15/31 13,120 3,550,000 CMS Energy Corp 4.750 06/01/50 3,834 7,525,000 g Consorcio Transmantaro SA 4.700 04/16/34 8,494 13,876,000 Consumers Energy Co 2.500 05/01/60 11,522 6,185,075 g Continental Wind LLC 6.000 02/28/33 6,973 8,850,000 Dominion Energy Gas Holdings LLC 2.500 11/15/24 9,305 7,110,000 Dominion Energy, Inc 3.600 03/15/27 7,847 4,850,000 Dominion Energy, Inc (Step Bond) 3.071 08/15/24 5,165 11,725,000 DTE Electric Co 1.900 04/01/28 11,695 8,787,000 DTE Electric Co 3.950 03/01/49 9,822 9,025,000 DTE Electric Co 3.250 04/01/51 8,999 10,000,000 Duke Energy Florida LLC 2.500 12/01/29 10,198 3,350,000 g East Ohio Gas Co 1.300 06/15/25 3,340 3,100,000 g East Ohio Gas Co 2.000 06/15/30 2,983 11,625,000 g EDP Finance BV 3.625 07/15/24 12,550 22,750,000 g Electricite de France S.A. 3.625 10/13/25 24,717 11,735,000 Essential Utilities, Inc 2.704 04/15/30 11,828 9,375,000 Essential Utilities, Inc 3.351 04/15/50 9,072 2,800,000 Eversource Energy 0.800 08/15/25 2,729 9,885,000 Georgia Power Co 3.250 04/01/26 10,684 6,850,000 g Greenko Dutch BV 4.875 07/24/22 6,922 14,000,000 g Hanwha Energy USA Holdings Corp 2.375 07/30/22 14,324 2,745,000 International Transmission Co 4.625 08/15/43 3,134 9,700,000 Interstate Power & Light Co 3.500 09/30/49 9,550 24,325,000 g Korea Hydro & Nuclear Power Co Ltd 3.750 07/25/23 26,071 5,875,000 MidAmerican Energy Co 3.100 05/01/27 6,367 1,000,000 MidAmerican Energy Co 3.950 08/01/47 1,110

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 3,820,000 MidAmerican Energy Co 3.150 04/15/50 3,754 4,300,000 g Narragansett Electric Co 3.919 08/01/28 4,701 12,350,000 National Fuel Gas Co 5.500 01/15/26 14,114 9,500,000 National Fuel Gas Co 2.950 03/01/31 9,148

376

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 3 M + $ 14,800,000 i NextEra Energy Capital Holdings, Inc 0.452% 02/22/23 $ 14,802 0.270% 5,575,000 i NextEra Energy Capital Holdings, Inc SOFR + 0.540% 0.550 03/01/23 5,589 3,225,000 g NextEra Energy Operating Partners LP 4.250 07/15/24 3,394 186,000 g NextEra Energy Operating Partners LP 4.250 09/15/24 196 10,320,000 g Niagara Mohawk Power Corp 1.960 06/27/30 9,863 9,732,000 g Niagara Mohawk Power Corp 4.278 10/01/34 11,098 9,750,000 g Niagara Mohawk Power Corp 4.119 11/28/42 10,650 7,350,000 NorthWestern Corp 4.176 11/15/44 8,128 5,425,000 e Oklahoma Gas & Electric Co 3.250 04/01/30 5,752 1,925,000 g Pattern Energy Operations LP 4.500 08/15/28 1,956 13,050,000 PSEG Power LLC 3.850 06/01/23 13,913 630,000 Public Service Co of Colorado 4.750 08/15/41 737 5,000,000 Public Service Co of Colorado 3.200 03/01/50 5,011 2,975,000 Public Service Co of New Hampshire 3.600 07/01/49 3,124 19,475,000 Public Service Enterprise Group, Inc 0.800 08/15/25 18,944 19,350,000 Public Service Enterprise Group, Inc 1.600 08/15/30 17,820 6,900,000 Sempra Energy 4.875 N/A‡ 7,383 22,514,441 g Solar Star Funding LLC 3.950 06/30/35 23,113 21,071,362 g Solar Star Funding LLC 5.375 06/30/35 23,628 25,000,000 Southern Power Co 4.150 12/01/25 27,841 5,613,000 Southwestern Public Service Co 3.750 06/15/49 5,991 18,650,000 Southwestern Public Service Co 3.150 05/01/50 18,157 Star Energy Geothermal Wayang Windu 28,207,700 g 6.750 04/24/33 31,734 Ltd 19,216,155 g Topaz Solar Farms LLC 4.875 09/30/39 20,881 10,724,779 g Topaz Solar Farms LLC 5.750 09/30/39 12,246 8,000,000 Tucson Electric Power Co 1.500 08/01/30 7,409 8,755,000 g UEP Penonome II S.A. 6.500 10/01/38 8,821 16,400,000 Union Electric Co 2.625 03/15/51 14,507 19,650,000 Westar Energy, Inc 2.550 07/01/26 20,589 TOTAL UTILITIES 813,494

TOTAL CORPORATE BONDS 2,952,873 (Cost $2,918,766)

GOVERNMENT BONDS - 19.2%

AGENCY SECURITIES - 1.7% 4,242,000 Canal Barge Co, Inc 4.500 11/12/34 4,793 1,194,199 DY7 Leasing LLC 2.578 12/10/25 1,248 6,959,974 Ethiopian Leasing LLC 2.566 08/14/26 7,381 Federal Home Loan Mortgage Corp 23,000,000 0.375 05/05/23 23,099 (FHLMC) 18,700,000 FHLMC 0.250 08/24/23 18,704 13,650,000 FHLMC 0.250 09/08/23 13,647 23,636,000 FHLMC 0.250 12/04/23 23,601 Federal National Mortgage Association 20,000,000 0.250 07/10/23 20,015 (FNMA) 8,000,000 FNMA 0.625 04/22/25 7,979 18,880,000 FNMA 0.875 08/05/30 17,457 Hashemite Kingdom of Jordan 5,950,000 3.000 06/30/25 6,387 Government AID Bond 2,350,000 g Hospital for Special Surgery 3.500 01/01/23 2,393

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 3 M + 4,500,000 i India Government AID Bond 0.305 02/01/27 4,446 0.100% 3,455,000 Lutheran Medical Center 1.982 02/20/30 3,575 2,515,000 g Montefiore Medical Center 3.896 05/20/27 2,526 17,145,000 Montefiore Medical Center 2.895 04/20/32 18,589

377

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) New York Society for the Relief of $ 13,555,000 2.881% 12/20/31 $ 13,664 the Ruptured & Crippled Overseas Private Investment Corp 1,030,708 2.040 12/15/26 1,062 (OPIC) 12,673,884 OPIC 3.220 09/15/29 14,185 5,881,381 OPIC 1.790 10/15/29 6,186 18,379,316 OPIC 2.360 10/15/29 19,806 2,161,217 OPIC 2.610 04/15/30 2,350 2,992,500 OPIC 2.930 05/15/30 3,240 4,945,500 OPIC 3.040 05/15/30 5,380 1,000,903 OPIC 2.810 07/31/33 1,067 1,601,444 OPIC 2.940 07/31/33 1,721 5,400,000 OPIC 2.450 07/15/38 5,613 Private Export Funding Corp 4,000,000 3.550 01/15/24 4,345 (PEFCO) 8,000,000 PEFCO 3.250 06/15/25 8,706 445,514 Tayarra Ltd 3.628 02/15/22 452 13,850,000 Thirax LLC 0.968 01/14/33 13,733 375,207 Tricahue Leasing LLC 3.503 11/19/21 380 United States International 8,750,000 1.630 07/15/38 8,462 Development Finance Corp US Department of Housing and 1,900,000 5.050 08/01/21 1,932 Urban Development (HUD) 3,217,000 HUD 2.910 08/01/23 3,245 5,000,000 HUD 3.535 08/01/36 5,525 TOTAL AGENCY SECURITIES 296,894

FOREIGN GOVERNMENT BONDS - 3.1% 7,500,000 African Development Bank 3.000 12/06/21 7,643 12,750,000 African Development Bank 0.750 04/03/23 12,874 4,882,000 Asian Development Bank 1.875 08/10/22 4,993 9,500,000 Asian Development Bank 2.125 03/19/25 10,026 6,500,000 Asian Development Bank 1.750 08/14/26 6,723 16,489,000 Asian Development Bank 3.125 09/26/28 18,272 12,500,000 Asian Development Bank 1.500 03/04/31 12,036 Banque Ouest Africaine de EUR 7,925,000 g 2.750 01/22/33 9,556 Developpement $ 12,400,000 g BNG Bank NV 2.625 02/27/24 13,168 Bonos de la Tesoreria de la Republica CLP 9,475,000,000 g 2.300 10/01/28 12,697 en pesos $ 9,000,000 Chile Government International Bond 3.500 01/25/50 9,153 15,000,000 g Development Bank of Japan, Inc 0.500 03/04/24 14,963 Egypt Government International 9,925,000 g 5.250 10/06/25 10,248 Bond European Bank for Reconstruction & 19,500,000 1.625 09/27/24 20,202 Development 3,750,000 European Investment Bank 2.375 05/24/27 4,003 3,725,000 European Investment Bank 0.625 10/21/27 3,549 11,600,000 European Investment Bank 1.625 10/09/29 11,550 7,500,000 e European Investment Bank 0.750 09/23/30 6,808 2,000,000 European Investment Bank 4.875 02/15/36 2,669 Guatemala Government International 1,925,000 e,g 5.375 04/24/32 2,180 Bond 6,082,000 Hydro Quebec 8.400 01/15/22 6,449

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 3 M + 20,000,000 i Inter-American Development Bank 0.251 01/15/22 20,002 0.010% International Bank for 11,000,000 0.625 04/22/25 10,958 Reconstruction & Development International Bank for 14,750,000 3.125 11/20/25 16,209 Reconstruction & Development International Development 27,150,000 g 2.750 04/24/23 28,529 Association 46,500,000 International Finance Corp 1.546 11/04/21 46,824

378

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 1,000,000 International Finance Corp 2.000% 10/24/22 $ 1,028 7,375,000 International Finance Corp 0.500 03/20/23 7,399 33,500,000 International Finance Corp 2.125 04/07/26 35,278 12,500,000 g Kommunalbanken AS. 2.125 02/11/25 13,165 Korea Development Bank International LIBOR 3 M + 8,750,000 i 0.962 07/06/22 8,799 Bond 0.725% 10,100,000 g Korea Electric Power Corp 1.125 06/15/25 10,028 11,250,000 Kreditanstalt fuer Wiederaufbau 0.250 03/08/24 11,193 13,000,000 Landwirtschaftliche Rentenbank 0.875 09/03/30 11,939 18,250,000 g Nederlandse Waterschapsbank NV 1.750 01/15/25 18,962 19,000,000 e,g Nederlandse Waterschapsbank NV 2.375 03/24/26 20,202 6,708,000 North American Development Bank 2.400 10/26/22 6,892 Perusahaan Penerbit SBSN Indonesia 22,800,000 g 3.750 03/01/23 24,010 III Perusahaan Penerbit SBSN Indonesia 10,500,000 e,g 3.900 08/20/24 11,377 III 12,700,000 Province of Manitoba Canada 3.050 05/14/24 13,659 10,000,000 Province of Quebec Canada 2.750 04/12/27 10,789 5,000,000 Province of Quebec Canada 7.500 09/15/29 7,095 Republic of Italy Government 10,000,000 2.875 10/17/29 10,108 International Bond Republic of Italy Government 7,750,000 4.000 10/17/49 7,931 International Bond TOTAL FOREIGN GOVERNMENT 552,138 BONDS

MORTGAGE BACKED - 8.6% Federal Home Loan Mortgage Corp 2,600,000 3.000 10/15/33 2,820 (FHLMC) 177,062 FHLMC 4.000 06/01/42 194 4,638,361 FHLMC 3.500 08/15/43 4,787 8,129,269 FHLMC 3.500 03/15/44 8,532 LIBOR 1 M + 1,804,409 i FHLMC 5.814 03/15/44 334 5.920% 5,225,463 FHLMC 4.000 10/01/47 5,740 3,364,861 FHLMC 4.000 06/01/48 3,692 LIBOR 1 M + 5,568,625 i FHLMC 9.750 06/15/48 6,313 9.920% 5,358,977 FHLMC 4.000 07/01/48 5,855 LIBOR 1 M + 3,961,533 i FHLMC 9.670 10/15/48 4,726 9.840% 13,872,786 FHLMC 3.000 11/01/49 14,666 11,480,802 FHLMC 2.000 09/25/50 1,392 15,010,734 FHLMC 2.500 11/25/50 2,525 19,828,449 FHLMC 2.500 02/25/51 3,242 Federal Home Loan Mortgage Corp 802 7.000 05/01/23 1 Gold (FGLMC) 10,427 FGLMC 8.000 01/01/31 11 158,344 FGLMC 4.500 07/01/33 176 1,124,664 FGLMC 7.000 12/01/33 1,299 313,631 FGLMC 7.000 05/01/35 357 762,062 FGLMC 5.000 06/01/36 886 227,171 FGLMC 5.000 07/01/39 264 436,290 FGLMC 4.500 10/01/44 491

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 664,402 FGLMC 4.500 11/01/44 741 461,889 FGLMC 4.500 11/01/44 519 341,822 FGLMC 4.500 12/01/44 378 516,706 FGLMC 4.500 12/01/44 581 1,548,730 FGLMC 3.500 04/01/45 1,682 13,723,278 FGLMC 3.500 10/01/45 14,890 6,377,532 FGLMC 4.000 12/01/45 7,073 21,677,198 FGLMC 3.500 08/01/46 23,448 8,630,943 FGLMC 3.000 02/01/47 9,129 850,564 FGLMC 4.500 06/01/47 955 1,922,829 FGLMC 4.000 09/01/47 2,120

379

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 1,328,027 FGLMC 3.500% 12/01/47 $ 1,435 7,343,133 FGLMC 3.500 03/01/48 7,923 8,738,346 FGLMC 4.000 03/01/48 9,596 1,988,181 FGLMC 4.000 07/01/48 2,173 6,226,053 FGLMC 4.500 08/01/48 6,935 Federal National Mortgage Association 5,929 8.000 07/01/24 6 (FNMA) 18,276,048 i FNMA 2.805 02/25/27 19,711 3,500,000 i FNMA 3.325 06/25/28 3,895 1,901,530 FNMA 3.500 05/01/32 2,055 2,373,936 FNMA 3.000 10/01/32 2,508 1,943,606 FNMA 5.000 05/01/35 2,256 1,285,814 FNMA 5.000 10/01/35 1,495 864,262 FNMA 2.500 01/01/36 902 964,115 FNMA 5.000 02/01/36 1,122 78,000,000 h FNMA 2.000 04/25/36 80,049 33,000,000 h FNMA 2.500 05/25/36 34,319 1,516,114 FNMA 5.500 11/01/38 1,782 298,153 FNMA 3.000 05/01/40 312 949,559 FNMA 5.000 09/01/40 1,097 1,792,118 FNMA 5.000 05/01/41 2,085 1,418,978 FNMA 4.000 09/01/42 1,556 1,322,414 FNMA 3.000 04/25/43 1,372 LIBOR 1 M + 2,688,084 i FNMA 5.841 09/25/43 631 5.950% 581,360 FNMA 4.000 01/01/44 644 1,603,898 FNMA 4.500 03/01/44 1,833 476,569 FNMA 4.500 06/01/44 529 6,238,058 FNMA 4.500 06/01/44 7,002 1,425,504 FNMA 4.500 08/01/44 1,600 3,484,366 FNMA 4.500 10/01/44 3,912 6,799,403 FNMA 4.500 11/01/44 7,635 1,196,194 FNMA 5.000 11/01/44 1,380 1,669,978 FNMA 4.500 12/01/44 1,874 767,422 FNMA 4.000 01/01/45 846 7,978,117 FNMA 3.000 02/25/45 8,320 1,840,757 FNMA 3.000 02/25/45 1,897 182,079 FNMA 3.500 03/01/45 196 156,429 FNMA 3.500 03/01/45 170 359,175 FNMA 4.500 03/01/45 403 2,297,924 FNMA 3.000 03/25/45 2,380 442,396 FNMA 4.500 04/01/45 497 5,779,071 FNMA 3.500 04/25/45 5,995 3,225,766 FNMA 3.500 05/01/45 3,510 1,742,906 FNMA 4.000 12/01/45 1,927 11,256,800 FNMA 3.000 12/25/45 11,677 4,757,992 FNMA 3.500 01/01/46 5,142 5,914,468 FNMA 4.000 01/01/46 6,523 6,044,460 FNMA 3.500 06/01/46 6,540 3,422,592 FNMA 3.500 07/01/46 3,702 5,838,855 FNMA 3.500 07/01/46 6,342 1,611,101 FNMA 3.500 08/01/46 1,743 688,472 FNMA 3.000 10/01/46 706 4,446,038 FNMA 3.500 10/01/46 4,808

380

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 1,736,698 FNMA 3.000% 04/25/47 $ 1,846 1,992,061 FNMA 4.500 05/01/47 2,230 573,020 FNMA 3.500 08/01/47 613 1,235,546 FNMA 3.500 09/01/47 1,322 4,939,083 FNMA 4.000 09/01/47 5,337 1,624,256 FNMA 4.000 09/01/47 1,752 4,652,560 FNMA 4.000 10/01/47 4,995 569,266 FNMA 3.000 11/01/47 584 370,269 FNMA 3.500 11/01/47 401 515,938 FNMA 4.500 11/01/47 574 4,199,389 FNMA 4.000 12/01/47 4,613 13,355,293 FNMA 4.000 12/01/47 14,411 732,236 FNMA 3.500 01/01/48 790 6,308,299 FNMA 3.500 01/01/48 6,692 3,522,430 FNMA 4.500 01/01/48 3,918 878,417 FNMA 3.500 02/01/48 929 2,918,910 FNMA 4.500 02/01/48 3,250 38,084,683 FNMA 3.000 02/25/48 40,245 10,198,481 FNMA 3.500 03/01/48 10,816 3,516,761 FNMA 4.000 03/01/48 3,861 12,473,475 FNMA 4.500 03/01/48 13,888 38,495,435 FNMA 3.500 04/01/48 40,811 4,197,461 FNMA 4.000 04/01/48 4,514 2,526,728 FNMA 4.500 05/01/48 2,813 1,872,950 FNMA 4.500 05/01/48 2,085 4,860,270 FNMA 5.000 08/01/48 5,505 2,181,759 FNMA 3.000 11/01/48 2,276 103,435,000 h FNMA 3.000 04/25/49 107,738 666,506 FNMA 3.000 08/01/49 707 6,851,879 FNMA 3.000 01/25/50 7,147 154,800,000 h FNMA 2.500 05/25/50 158,519 18,066,918 FNMA 3.000 07/01/50 19,222 7,365,136 FNMA 2.000 08/25/50 912 5,456,101 FNMA 3.000 02/25/51 872 44,765,000 h FNMA 2.000 04/25/51 44,681 65,900,000 h FNMA 2.500 04/25/51 67,625 113,600,000 h FNMA 2.000 05/25/51 113,178 Government National Mortgage Association 3,331,432 2.580 08/15/25 3,440 (GNMA) 9,352,256 GNMA 2.690 06/15/33 9,654 7,680,228 GNMA 3.700 10/15/33 8,260 89,615 GNMA 5.000 04/15/38 102 163,921 GNMA 6.500 11/20/38 197 21,733 GNMA 4.500 02/20/39 26 7,572,969 GNMA 3.700 08/15/40 8,128 29,420 GNMA 4.500 08/20/41 34 68,516 GNMA 4.500 09/20/41 79 20,591 GNMA 4.500 01/20/44 24 12,935 GNMA 4.500 02/20/44 15 40,922 GNMA 4.500 05/20/44 49 186,849 GNMA 4.500 05/20/44 214 295,908 GNMA 4.500 08/20/44 350 171,362 GNMA 4.500 09/20/44 197 101,172 GNMA 4.500 10/20/44 115

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) $ 51,611 GNMA 4.500% 11/20/44 $ 56 148,208 GNMA 4.500 12/20/44 172 12,100,222 GNMA 2.750 01/15/45 12,686 234,128 GNMA 4.500 02/20/45 274 329,880 GNMA 4.500 08/20/45 391 270,470 GNMA 4.500 08/20/45 316 199,309 GNMA 4.500 12/20/45 228 2,832,991 GNMA 4.000 06/20/46 372 8,571,694 GNMA 3.500 12/20/46 9,120 6,133,593 GNMA 3.500 01/20/47 6,528 5,133,667 GNMA 3.500 01/20/49 5,591 51,394,410 GNMA 3.000 08/20/50 53,572 2,885,244 GNMA 3.500 10/20/50 3,187 41,500,000 h GNMA 2.000 04/20/51 41,902 149,000,000 h GNMA 2.500 04/20/51 153,738 36,625,000 h GNMA 3.000 04/20/51 38,154 45,800,000 GNMA 2.000 05/20/51 46,169 TOTAL MORTGAGE BACKED 1,537,570

MUNICIPAL BONDS - 3.4% 4,500,000 g Basin Electric Power Coop 6.127 06/01/41 5,896 1,170,000 Brunswick & Glynn County Development Authority 3.060 04/01/25 1,259 3,000,000 California Earthquake Authority 1.477 07/01/23 3,076 1,315,000 g California Municipal Finance Authority 4.250 11/01/23 1,315 14,000,000 Chicago Housing Authority 4.361 01/01/38 15,687 11,645,000 Chicago Metropolitan Water Reclamation District-Greater Chicago 5.720 12/01/38 15,490 3,035,000 City & County of Honolulu HI 2.668 10/01/27 3,241 5,645,000 City & County of Honolulu HI 3.974 09/01/35 6,356 1,615,000 City & County of Honolulu HI 4.004 09/01/36 1,816 7,085,000 City & County of San Francisco CA 4.000 04/01/47 7,470 5,500,000 City & County of San Francisco CA Community Facilities District 4.000 09/01/48 5,716 5,395,000 City of Chicago IL 7.750 01/01/42 6,752 1,105,000 City of Chicago IL 7.750 01/01/42 1,225 1,250,000 City of Florence SC 4.250 12/01/34 1,307 1,000,000 City of Houston TX Combined Utility System Revenue 3.375 11/15/24 1,096 1,275,000 City of Houston TX Combined Utility System Revenue 4.172 11/15/38 1,417 7,500,000 City of Los Angeles CA 3.880 09/01/38 8,140 1,780,000 g City of Miami FL 4.808 01/01/39 1,937 3,665,000 City of Norfolk VA 3.050 10/01/36 3,908 4,835,000 City of Oakland CA 2.070 01/15/29 4,729 City of San Francisco CA Public Utilities Commission Water 3,345,000 3.000 11/01/26 3,653 Revenue City of San Francisco CA Public Utilities Commission Water 3,725,000 3.950 11/01/36 4,040 Revenue City of San Francisco CA Public Utilities Commission Water 8,615,000 3.303 11/01/39 9,108 Revenue City of San Francisco CA Public Utilities Commission Water 18,410,000 2.825 11/01/41 18,555 Revenue City of San Francisco CA Public Utilities Commission Water 18,500,000 4.185 11/01/46 19,986 Revenue

382

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 1,000,000 City of San Juan Capistrano CA 3.700% 08/01/31 $ 1,084 2,730,000 Commonwealth Financing Authority 3.864 06/01/38 3,049 11,650,000 i Connecticut Housing Finance Authority SOFR + 0.650% 0.660 05/15/49 11,652 7,650,000 County of Alameda CA 3.820 08/01/38 8,299 County of Miami-Dade FL Aviation 1,500,000 2.218 10/01/22 1,541 Revenue County of Miami-Dade FL Water & 12,015,000 3.490 10/01/42 12,333 Sewer System Revenue 935,000 County of Saline AR 3.550 06/01/42 953 3,500,000 District of Columbia 3.432 04/01/42 3,440 District of Columbia Water & Sewer 15,000,000 4.814 10/01/14 19,463 Authority 6,844,477 g Freddie Mac Multifamily ML Certificates 1.877 07/25/37 6,810 40,657,000 † Freddie Mac Multifamily ML Certificates 1.746 11/25/37 6,851 3,247,689 g Freddie Mac Multifamily ML Certificates 1.896 11/25/37 3,229 1,000,000 Grant County Public Utility District No 2 5.470 01/01/34 1,112 1,250,000 Grant County Public Utility District No 2 4.164 01/01/35 1,431 22,445,000 Grant County Public Utility District No 2 2.918 01/01/40 22,961 9,255,000 Grant County Public Utility District No 2 3.210 01/01/40 9,678 Great Lakes Water Authority Sewage 3,230,000 3.056 07/01/39 3,288 Disposal System Revenue Great Lakes Water Authority Water 16,915,000 3.473 07/01/41 17,933 Supply System Revenue 1,200,000 Guadalupe Valley Electric Coop, Inc 5.671 10/01/32 1,411 Guadalupe-Blanco River Authority 605,000 3.287 04/15/23 623 Industrial Development Corp 640,000 Henry County Water Authority 3.000 01/01/43 608 850,000 Henry County Water Authority 3.200 01/01/49 803 Honolulu City & County Board of Water 1,000,000 2.327 07/01/32 995 Supply Kern County Water Agency Improvement 2,000,000 4.276 05/01/36 2,285 District No 4 6,430,000 Lavaca-Navidad River Authority 4.430 08/01/35 6,771 8,655,000 Los Angeles Community College District 2.106 08/01/32 8,505 Maryland Community Development 3,125,000 3.797 03/01/39 3,237 Administration Housing Revenue Massachusetts St. Water Pollution 4,650,000 5.192 08/01/40 5,337 Abatement 10,735,000 Metropolitan Transportation Authority 5.175 11/15/49 13,297 2,000,000 Michigan Finance Authority 5.000 07/01/31 2,279 New Jersey Economic Development 7,400,000 5.706 06/15/30 8,952 Authority New Jersey Economic Development 3,000,000 5.756 06/15/31 3,665 Authority 3,375,000 New Mexico Finance Authority 4.090 06/15/38 3,644 New York City Housing Development 4,065,000 3.119 08/01/38 4,079 Corp New York City Housing Development 2,500,000 3.720 11/01/39 2,592 Corp New York State Environmental Facilities 1,225,000 3.195 06/15/25 1,329 Corp New York State Environmental Facilities 2,120,000 3.520 07/15/27 2,363 Corp

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document New York Transportation Development 17,500,000 5.000 01/01/26 20,440 Corp 11,245,000 Ohio State Water Development Authority 4.879 12/01/34 13,250 Oregon State Business Development 13,250,000 †,g,q 6.500 04/01/31 4,240 Commission Oregon State Business Development 3,470,000 †,g 0.000 04/01/37 1,110 Commission Palm Beach County Solid Waste 2,500,000 2.636 10/01/24 2,659 Authority Papio-Missouri River Natural Resource 4,930,000 2.088 12/15/24 5,149 District Pend Oreille County Public Utility 4,500,000 5.000 01/01/30 4,593 District No Box Canyon Pennsylvania Economic Development 7,250,000 g 10.000 12/01/29 7,381 Financing Authority

383

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) Pennsylvania Economic Development $ 180,000 †,g 5.750% 06/01/36 $ 108 Financing Authority 1,735,000 g Public Finance Authority 9.000 06/01/29 1,722 San Francisco City & County 2,000,000 4.375 08/01/44 2,129 Redevelopment Agency 36,330,000 State of California 3.750 10/01/37 39,127 11,565,000 State of California 4.600 04/01/38 13,357 10,050,000 State of California 4.988 04/01/39 10,850 LIBOR 1 M + 5,445,000 i State of California 0.899 04/01/47 5,450 0.780% 8,000,000 State of Illinois 5.000 02/01/22 8,288 9,000,000 State of Illinois 5.520 04/01/38 10,056 4,405,000 State of Michigan 3.590 12/01/26 4,575 2,500,000 State of Ohio 5.412 09/01/28 3,140 3,370,000 State of Texas 3.726 08/01/43 3,502 3,000 State of Wisconsin 5.700 05/01/26 3 Syracuse Industrial Development 1,650,000 g 5.000 01/01/36 1,554 Agency 2,280,000 Tampa Bay Water 2.612 10/01/25 2,456 3,225,000 Tampa Bay Water 2.782 10/01/26 3,467 3,000,000 Tampa Bay Water 2.952 10/01/27 3,204 1,255,000 Texas Water Development Board 4.248 10/15/35 1,363 5,880,000 Texas Water Development Board 4.340 10/15/48 6,456 4,170,000 Texas Water Development Board 4.648 04/15/50 4,487 5,000,000 Tuolumne Wind Project Authority 6.918 01/01/34 6,476 3,035,000 University of California 3.809 05/15/28 3,408 11,400,000 University of California 4.009 05/15/30 13,010 1,000,000 University of Cincinnati 3.250 06/01/29 1,063 1,560,000 University of Cincinnati 3.650 06/01/34 1,656 1,615,000 University of Cincinnati 3.700 06/01/35 1,712 18,000,000 University of New Mexico 3.532 06/20/32 19,041 Upper Allegheny Joint Sanitary 500,000 3.550 09/01/39 524 Authority Upper Allegheny Joint Sanitary 1,500,000 3.800 09/01/49 1,542 Authority Vermont Educational & Health 5,000,000 4.000 12/01/42 5,297 Buildings Financing Agency Vermont Educational & Health 3,000,000 4.000 12/01/46 3,163 Buildings Financing Agency Washington County Clean Water 1,000,000 5.078 10/01/24 1,143 Services TOTAL MUNICIPAL BONDS 603,208

U.S. TREASURY SECURITIES - 2.4% 6,000,000 United States Treasury Bond 3.125 02/15/43 6,827 1,000,000 United States Treasury Bond 3.375 05/15/44 1,184 35,830,000 United States Treasury Bond 2.875 11/15/46 39,147 2,500,000 United States Treasury Bond 3.000 02/15/49 2,809 9,350,000 United States Treasury Note 0.125 05/31/22 9,352 4,150,000 United States Treasury Note 2.000 07/31/22 4,254 4,500,000 United States Treasury Note 1.750 09/30/22 4,609 21,821,000 United States Treasury Note 0.125 10/31/22 21,818 10,350,000 United States Treasury Note 0.125 12/31/22 10,345 31,765,000 United States Treasury Note 2.875 09/30/23 33,846

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 6,100,000 United States Treasury Note 2.625 12/31/23 6,489 14,973,000 United States Treasury Note 0.250 03/15/24 14,933 1,525,000 United States Treasury Note 2.250 10/31/24 1,618 18,842,000 United States Treasury Note 2.500 02/28/26 20,288 40,455,000 United States Treasury Note 0.750 03/31/26 40,104

384

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 15,031,000 United States Treasury Note 0.500% 10/31/27 $ 14,237 35,275,000 United States Treasury Note 0.625 11/30/27 33,638 14,515,000 United States Treasury Note 1.125 02/29/28 14,261 5,000,000 United States Treasury Note 1.250 03/31/28 4,948 53,953,000 United States Treasury Note 1.125 02/15/31 50,977 21,508,000 United States Treasury Note 1.875 02/15/41 20,026 42,125,000 United States Treasury Note 1.375 08/15/50 32,871 48,275,000 United States Treasury Note 1.625 11/15/50 40,227 TOTAL U.S. TREASURY 428,808 SECURITIES

TOTAL GOVERNMENT BONDS 3,418,618 (Cost $3,345,008)

STRUCTURED ASSETS - 3.4%

ASSET BACKED - 1.3% 99,904 g AMSR Trust 1.819 04/17/37 101 Series - 2020 SFR1 (Class A) 900,000 g AMSR Trust 3.148 01/19/39 935 Series - 2019 SFR1 (Class C) 800,000 g AMSR Trust 3.247 01/19/39 828 Series - 2019 SFR1 (Class D) LIBOR 1 M + 5,000,000 g,i AREIT Trust 1.126 09/14/36 5,001 1.020% Series - 2019 CRE3 (Class A) Asset Backed Securities Corp Home LIBOR 1 M + 452,419 i 3.386 08/25/34 442 Equity Loan Trust 0.900% Series - 2004 HE5 (Class M1) Bayview Financial Mortgage Pass- LIBOR 1 M + 1,500,000 i 1.084 02/28/41 1,498 Through Trust 0.975% Series - 2006 A (Class M3) Bear Stearns Asset Backed Securities LIBOR 1 M + 65,134 i 1.114 04/25/36 65 Trust 1.005% Series - 2006 SD1 (Class M1) LIBOR 1 M + 4,500,000 g,i BFLD Trust 2.206 10/15/35 4,545 2.100% Series - 2020 EYP (Class C) 3,677,552 g Capital Automotive REIT 3.660 10/15/44 3,683 Series - 2014 1A (Class A) 3,668,089 g Capital Automotive REIT 3.870 04/15/47 3,674 Series - 2017 1A (Class A1) LIBOR 1 M + 461,590 i C-BASS Trust 0.189 07/25/36 448 0.080% Series - 2006 CB6 (Class A1) LIBOR 1 M + 3,684,591 i Chase Funding Loan Acquisition Trust 0.964 06/25/34 3,599 0.855% Series - 2004 OPT1 (Class M1) 208,727 g Corevest American Finance Trust 1.832 03/15/50 212 Series - 2020 1 (Class A1) 1,455,000 g DB Master Finance LLC 3.629 11/20/47 1,481 Series - 2017 1A (Class A2I) 6,887,000 g Domino’s Pizza Master Issuer LLC 3.082 07/25/47 6,898 Series - 2017 1A (Class A2II)

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 1 M + 267,015 g,i Ellington Loan Acquisition Trust 1.209 05/25/37 267 1.100% Series - 2007 2 (Class A2C) 4,235,556 g HERO Funding Trust 3.840 09/21/40 4,442 Series - 2015 1A (Class A) 1,097,450 †,g HERO Funding Trust 3.990 09/21/40 1,139 Series - 2014 2A (Class A)

385

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 2,110,011 g HERO Funding Trust 3.750% 09/20/41 $ 2,178 Series - 2016 2A (Class A) 2,002,259 g HERO Funding Trust 4.050 09/20/41 2,094 Series - 2016 1A (Class A) 786,069 g HERO Funding Trust 3.080 09/20/42 807 Series - 2016 3A (Class A1) 5,521,545 g HERO Funding Trust 3.710 09/20/47 5,740 Series - 2017 1A (Class A1) 5,582,937 g HERO Funding Trust 3.190 09/20/48 5,836 Series - 2017 3A (Class A1) 1,334,235 g HERO Funding Trust 3.280 09/20/48 1,373 Series - 2017 2A (Class A1) 6,176,080 g HERO Funding Trust 4.670 09/20/48 6,775 Series - 2018 1A (Class A2) 4,500,000 g HERO Funding Trust 2.240 09/20/51 4,528 Series - 2021 1A (Class A) LIBOR 1 M + 25,072 i Home Equity Asset Trust 3.986 06/25/33 25 1.500% Series - 2003 1 (Class M1) LIBOR 1 M + 99,980 g,i Invitation Homes Trust 1.556 06/17/37 100 1.450% Series - 2018 SFR2 (Class D) LIBOR 1 M + 600,000 g,i Invitation Homes Trust 1.358 01/17/38 603 1.250% Series - 2018 SFR4 (Class B) LIBOR 1 M + 499,336 i JP Morgan Mortgage Acquisition Trust 0.429 03/25/37 494 0.320% Series - 2007 CH3 (Class A1B) LIBOR 1 M + 6,049,986 i JP Morgan Mortgage Acquisition Trust 0.269 06/25/37 5,951 0.160% Series - 2007 CH5 (Class A1) 4,714,804 g Loanpal Solar Loan Ltd 2.290 01/20/48 4,715 Series - 2021 1GS (Class A) 7,650,000 g Loanpal Solar Loan Ltd 2.220 03/20/48 7,640 Series - 2021 2GS (Class A) 2,323,238 g Mosaic Solar Loan Trust 2.100 04/20/46 2,345 Series - 2020 1A (Class A) 3,215,195 g Mosaic Solar Loan Trust 3.100 04/20/46 3,351 Series - 2020 1A (Class B) 3,500,000 g Mosaic Solar Loan Trust 2.050 12/20/46 3,448 Series - 2021 1A (Class B) 4,852,446 g Mosaic Solar Loans LLC 3.820 06/22/43 5,217 Series - 2017 2A (Class A) LIBOR 1 M + 594,607 i RASC Trust 3.080 08/25/35 595 0.590% Series - 2005 KS8 (Class M4) 3,222,063 g Renew 3.670 09/20/52 3,421 Series - 2017 1A (Class A) 6,917,048 g Renew 3.950 09/20/53 7,406 Series - 2018 1 (Class A) 5,750,000 †,g Renew 2.060 11/20/56 5,749 Series - 2021 1 (Class A) 4,000,000 SCE Recovery Funding LLC 0.861 11/15/31 3,876 3,901,191 g SolarCity LMC 4.590 04/20/44 3,904

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Series - 2014 1 (Class A) 20,786,170 g SolarCity LMC 4.020 07/20/44 21,062 Series - 2014 2 (Class A) 2,602,312 g SolarCity LMC 4.800 09/20/48 2,688 Series - 2016 A (Class A)

386

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M + $ 13,126 i Structured Asset Investment Loan Trust 1.009% 09/25/34 $ 13 0.900% Series - 2004 8 (Class M1) LIBOR 1 M + 62,079 i Structured Asset Investment Loan Trust 1.109 09/25/34 62 1.000% Series - 2004 8 (Class A9) Structured Asset Securities Corp LIBOR 1 M + 1,703,546 i 1.615 04/25/35 1,708 Mortgage Loan Trust 1.500% Series - 2005 7XS (Class 2A1A) 2,842,229 g Sunrun Athena Issuer LLC 5.310 04/30/49 3,117 Series - 2018 1 (Class A) 9,422,498 g Sunrun Atlas Issuer LLC 3.610 02/01/55 9,945 Series - 2019 2 (Class A) 11,474,178 g TES LLC 4.330 10/20/47 11,927 Series - 2017 1A (Class A) 2,500,000 g TES LLC 7.740 10/20/47 2,461 Series - 2017 1A (Class B) 6,930,263 g TES LLC 4.120 02/20/48 7,149 Series - 2017 2A (Class A) 329,955 g Tesla Auto Lease Trust 3.710 08/20/21 331 Series - 2018 B (Class A) 4,125,000 g Tesla Auto Lease Trust 2.200 11/21/22 4,224 Series - 2019 A (Class A4) 5,400,000 g Tesla Auto Lease Trust 0.560 03/20/25 5,396 Series - 2021 A (Class A3) 6,650,000 g Tesla Auto Lease Trust 0.660 03/20/25 6,644 Series - 2021 A (Class A4) 6,250,000 g Tesla Auto Lease Trust 1.180 03/20/25 6,240 Series - 2021 A (Class C) 1,000,000 g Tricon American Homes Trust 4.011 09/17/34 1,012 Series - 2017 SFR1 (Class E) 1,090,249 g Tricon American Homes Trust 2.928 01/17/36 1,116 Series - 2017 SFR2 (Class A) 200,000 g Tricon American Homes Trust 3.275 01/17/36 204 Series - 2017 SFR2 (Class B) 14,398,312 g Vivint Colar Financing V LLC 4.730 04/30/48 15,454 Series - 2018 1A (Class A) 5,120,450 g Vivint Solar Financing VII LLC 2.210 07/31/51 5,039 Series - 2020 1A (Class A) 1,451,250 g Wendys Funding LLC 3.573 03/15/48 1,492 Series - 2018 1A (Class A2I) TOTAL ASSET BACKED 234,713

OTHER MORTGAGE BACKED - 2.1% 334,085 g,i Agate Bay Mortgage Trust 3.500 11/25/44 338 Series - 2014 3 (Class A13) 192,730 g,i Agate Bay Mortgage Trust 3.500 09/25/45 195 Series - 2015 6 (Class A9) LIBOR 1 M + 4,075,000 g,i Alen Mortgage Trust 2.356 04/15/34 4,076 2.250% Series - 2021 ACEN (Class C) LIBOR 1 M + 225,553 i Alternative Loan Trust 0.859 06/25/34 231 0.750% Series - 2004 8CB (Class M1)

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 5,000,000 g BANK 2.500 10/17/52 4,427 Series - 2019 BN21 (Class D) 6,500,000 i BANK 3.517 10/17/52 6,606 Series - 2019 BN21 (Class C)

387

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) $ 8,000,000 i BANK 3.461% 11/15/62 $ 8,125 Series - 2019 BN22 (Class C) 4,940,000 g,i BBCMS Mortgage Trust 4.267 08/05/38 4,211 Series - 2018 CHRS (Class E) 12,500,000 g BBCMS Trust 3.593 09/15/32 12,828 Series - 2015 MSQ (Class A) 3,600,000 g BBCMS Trust 3.894 09/15/32 3,697 Series - 2015 MSQ (Class B) 3,000,000 g,i BBCMS Trust 3.688 02/15/53 3,093 Series - 2020 C6 (Class F5TA) 1,000,000 Benchmark Mortgage Trust 3.419 08/15/52 1,067 Series - 2019 B12 (Class AS) 8,870,000 g,i Benchmark Mortgage Trust 3.899 03/15/62 9,248 Series - 2019 B10 (Class 3CCA) 2,000,000 i CD Mortgage Trust 3.879 11/10/49 2,103 Series - 2016 CD2 (Class B) 2,000,000 i Citigroup Commercial Mortgage Trust 4.151 04/10/48 2,106 Series - 2015 GC29 (Class C) 4,000,000 Citigroup Commercial Mortgage Trust 3.300 11/10/52 4,275 Series - 2019 GC43 (Class AS) 3,115,000 Citigroup Commercial Mortgage Trust 3.018 08/10/56 3,254 Series - 2019 GC41 (Class AS) LIBOR 1 M + 325,000 i Citigroup Mortgage Loan Trust 0.859 01/25/36 324 0.750% Series - 2006 WFH1 (Class M4) 3,000,000 g,i Cityline Commercial Mortgage Trust 2.778 11/10/31 3,117 Series - 2016 CLNE (Class A) 2,750,000 g,i COMM Mortgage Trust 3.413 10/10/29 2,857 Series - 2017 PANW (Class B) 3,000,000 g,i COMM Mortgage Trust 3.538 10/10/29 3,106 Series - 2017 PANW (Class C) 5,120,000 g COMM Mortgage Trust 4.353 08/10/30 5,462 Series - 2013 300P (Class A1) 3,500,000 g,i COMM Mortgage Trust 4.106 03/10/48 3,496 Series - 2015 CR22 (Class D) 1,100,000 i COMM Mortgage Trust 4.293 05/10/48 1,170 Series - 2015 CR23 (Class C) 1,000,000 i COMM Mortgage Trust 4.293 05/10/48 1,015 Series - 2015 CR23 (Class D) 2,500,000 i COMM Mortgage Trust 3.463 08/10/48 2,250 Series - 2015 CR24 (Class D) 1,000,000 COMM Mortgage Trust 3.263 08/15/57 1,054 Series - 2019 GC44 (Class AM) LIBOR 1 M + 2,022,629 i Connecticut Avenue Securities 2.709 05/25/24 1,989 2.600% Series - 2014 C02 (Class 1M2) LIBOR 1 M + 5,103,325 i Connecticut Avenue Securities 3.109 07/25/24 5,031 3.000% Series - 2014 C03 (Class 1M2) LIBOR 1 M + 787,432 i Connecticut Avenue Securities 5.109 11/25/24 794 5.000% Series - 2014 C04 (Class 2M2) LIBOR 1 M + 277,056 i Connecticut Avenue Securities 5.659 04/25/28 292 5.550%

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Series - 2015 C04 (Class 2M2) LIBOR 1 M + 462,279 i Connecticut Avenue Securities 5.809 04/25/28 490 5.700% Series - 2015 C04 (Class 1M2) LIBOR 1 M + 1,253,897 i Connecticut Avenue Securities 6.859 08/25/28 1,326 6.750% Series - 2016 C01 (Class 1M2)

388

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M + $ 1,137,551 i Connecticut Avenue Securities 7.059% 08/25/28 $ 1,213 6.950% Series - 2016 C01 (Class 2M2) LIBOR 1 M + 855,372 i Connecticut Avenue Securities 6.109 09/25/28 901 6.000% Series - 2016 C02 (Class 1M2) LIBOR 1 M + 1,792,832 i Connecticut Avenue Securities 6.009 10/25/28 1,896 5.900% Series - 2016 C03 (Class 2M2) LIBOR 1 M + 3,249,535 i Connecticut Avenue Securities 4.359 01/25/29 3,381 4.250% Series - 2016 C04 (Class 1M2) LIBOR 1 M + 2,604,823 i Connecticut Avenue Securities 4.559 01/25/29 2,710 4.450% Series - 2016 C05 (Class 2M2) LIBOR 1 M + 1,215,582 i Connecticut Avenue Securities 4.359 04/25/29 1,265 4.250% Series - 2016 C06 (Class 1M2) LIBOR 1 M + 618,051 i Connecticut Avenue Securities 2.309 01/25/30 618 2.200% Series - 2017 C05 (Class 1M2A) LIBOR 1 M + 386,328 i Connecticut Avenue Securities 2.309 01/25/30 390 2.200% Series - 2017 C05 (Class 1M2) LIBOR 1 M + 574,513 i Connecticut Avenue Securities 2.359 07/25/30 575 2.250% Series - 2018 C01 (Class 1M2) LIBOR 1 M + 325,718 i Connecticut Avenue Securities 2.309 08/25/30 325 2.200% Series - 2018 C02 (Class 2M2) LIBOR 1 M + 590,301 i Connecticut Avenue Securities 0.959 10/25/30 586 0.850% Series - 2018 C03 (Class 1EA2) LIBOR 1 M + 705,664 i Connecticut Avenue Securities 2.659 12/25/30 707 2.550% Series - 2018 C04 (Class 2M2) LIBOR 1 M + 1,504,162 g,i Connecticut Avenue Securities 2.559 07/25/31 1,507 2.450% Series - 2019 R01 (Class 2M2) LIBOR 1 M + 2,030,836 g,i Connecticut Avenue Securities 2.209 09/25/39 2,034 2.100% Series - 2019 R06 (Class 2M2) LIBOR 1 M + 1,360,000 g,i Connecticut Avenue Securities 2.109 01/25/40 1,356 2.000% Series - 2020 R02 (Class 2M2) LIBOR 1 M + 2,666,367 g,i Connecticut Avenue Securities Trust 2.550 04/25/31 2,671 2.400% Series - 2018 R07 (Class 1M2) 15,000,000 g CPT Mortgage Trust 2.865 11/13/39 15,530 Series - 2019 CPT (Class A) 2,000,000 g,i CPT Mortgage Trust 2.997 11/13/39 1,916 Series - 2019 CPT (Class E) Credit Suisse Commercial Mortgage 5,000,000 g,i 3.728 11/10/32 5,323 Trust

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Series - 2017 CALI (Class B) Credit Suisse Commercial Mortgage LIBOR 1 M + 665,531 g,i 0.759 05/25/36 666 Trust 0.650% Series - 2006 CF2 (Class M3) Credit Suisse Commercial Mortgage 2,695,097 g,i 3.500 02/25/48 2,736 Trust Series - 2018 J1 (Class A11) 6,650,000 g,i CSAIL Commercial Mortgage Trust 3.677 06/15/37 6,783 Series - 2017 C8 (Class 85BA) 6,100,000 g,i CSAIL Commercial Mortgage Trust 3.677 06/15/37 5,889 Series - 2017 C8 (Class 85BB) 2,000,000 g,i CSMC Series 3.388 10/25/59 2,026 Series - 2019 NQM1 (Class M1) 3,823,865 g,i CSMC Trust 3.500 02/25/48 3,882 Series - 2018 J1 (Class A2) 500,000 g,i Ellington Financial Mortgage Trust 3.587 06/25/59 501 Series - 2019 1 (Class M1) Federal National Mortgage Association 15,250,000 1.561 11/25/30 14,601 (FNMA) Series - 2021 M1G (Class A2)

389

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M + $ 571,672 i Fieldstone Mortgage Investment Trust 0.844% 12/25/35 $ 570 0.735% Series - 2005 2 (Class M2) 1,335,603 g,i FirstKey Mortgage Trust 3.500 11/25/44 1,360 Series - 2014 1 (Class A8) 556,321 g,i Flagstar Mortgage Trust 4.106 10/25/47 577 Series - 2017 2 (Class B3) 291,323 g,i Flagstar Mortgage Trust 4.000 09/25/48 295 Series - 2018 5 (Class A11) Freddie Mac Multifamily Structured 4,948,145 1.555 01/25/36 4,648 Pass Through Certificates Series - 2020 Q014 (Class A1) Freddie Mac Multifamily Structured 10,201,749 i 2.803 10/25/55 2,120 Pass Through Certificates Series - 2020 Q014 (Class X) Freddie Mac Multifamily Variable Rate 6,145,000 1.761 09/15/38 6,086 Certificate Series - 2020 M061 (Class A) Freddie Mac Structured Agency Credit 1,191,020 g,i 3.726 02/25/48 1,190 Risk Debt Notes Series - 2018 SPI1 (Class M2) Freddie Mac Structured Agency Credit 1,453,860 g,i 3.809 05/25/48 1,452 Risk Debt Notes Series - 2018 SPI2 (Class M2) Freddie Mac Structured Agency Credit 644,886 g,i 4.489 11/25/48 645 Risk Debt Notes Series - 2018 SPI4 (Class M2B) LIBOR 1 M + 2,000,000 g,i GS Mortgage Securities Trust 1.196 10/15/31 1,998 1.090% Series - 2018 HART (Class A) 3,000,000 GS Mortgage Securities Trust 3.143 10/10/49 3,175 Series - 2016 GS3 (Class AS) 830,000 i GS Mortgage Securities Trust 3.811 11/10/49 782 Series - 2016 GS4 (Class C) GS Mortgage-Backed Securities Corp 1,343,067 g,i 3.500 07/25/50 1,356 Trust Series - 2020 PJ2 (Class A4) LIBOR 1 M + 977,064 i HarborView Mortgage Loan Trust 0.730 08/19/45 978 0.620% Series - 2005 11 (Class 2A1A) 6,000,000 g Hudson Yards Mortgage Trust 2.835 08/10/38 6,301 Series - 2016 10HY (Class A) 5,000,000 g,i Hudson Yards Mortgage Trust 2.977 08/10/38 5,238 Series - 2016 10HY (Class B) 5,000,000 g,i Hudson Yards Mortgage Trust 2.977 08/10/38 5,174 Series - 2016 10HY (Class C) 7,000,000 g Hudson Yards Mortgage Trust 3.228 07/10/39 7,456 Series - 2019 30HY (Class A) 1,000,000 g,i Hudson Yards Mortgage Trust 2.943 12/10/41 981 Series - 2019 55HY (Class D) 7,000,000 g,i Hudson Yards Mortgage Trust 2.943 12/10/41 6,673 Series - 2019 55HY (Class E) 2,500,000 g,i Hudson Yards Mortgage Trust 2.943 12/10/41 2,325 Series - 2019 55HY (Class F)

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document LIBOR 1 M + 215,244 i Impac CMB Trust 0.769 03/25/35 220 0.660% Series - 2004 11 (Class 2A1) JP Morgan Chase Commercial 2,800,000 3.372 12/15/47 2,909 Mortgage Securities Corp Series - 2013 C10 (Class AS)

390

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M - $ 1,483,905 g,i JP Morgan Mortgage Trust 2.124% 12/25/44 $ 1,517 0.000% Series - 2015 1 (Class B1) 218,296 g,i JP Morgan Mortgage Trust 3.500 05/25/45 221 Series - 2015 3 (Class A19) 968,575 g,i JP Morgan Mortgage Trust 3.500 10/25/45 979 Series - 2015 6 (Class A13) 422,164 g,i JP Morgan Mortgage Trust 3.500 05/25/46 428 Series - 2016 1 (Class A13) 27,203 g,i JP Morgan Mortgage Trust 3.500 01/25/47 27 Series - 2017 1 (Class A3) 585,860 g,i JP Morgan Mortgage Trust 3.500 05/25/47 587 Series - 2017 2 (Class A5) 524,657 g,i JP Morgan Mortgage Trust 3.500 05/25/47 532 Series - 2017 2 (Class A13) 259,198 g,i JP Morgan Mortgage Trust 3.500 09/25/48 259 Series - 2018 3 (Class A13) 84,969 g,i JP Morgan Mortgage Trust 3.500 10/25/48 86 Series - 2018 4 (Class A13) 340,752 g,i JP Morgan Mortgage Trust 3.500 10/25/48 346 Series - 2018 5 (Class A13) 746,779 g,i JP Morgan Mortgage Trust 3.115 10/26/48 764 Series - 2017 5 (Class A2) 313,367 g,i JP Morgan Mortgage Trust 4.000 01/25/49 320 Series - 2018 8 (Class A13) 721,025 g,i JP Morgan Mortgage Trust 4.000 02/25/49 733 Series - 2018 9 (Class A13) 134,566 g,i JP Morgan Mortgage Trust 4.000 05/25/49 137 Series - 2019 1 (Class A3) 738,497 g,i JP Morgan Mortgage Trust 4.000 05/25/49 751 Series - 2019 1 (Class A15) 139,987 g,i JP Morgan Mortgage Trust 4.757 09/25/49 148 Series - 2019 3 (Class B1) LIBOR 1 M + 1,727,433 g,i JP Morgan Mortgage Trust 1.059 10/25/49 1,740 0.950% Series - 2019 INV1 (Class A11) 1,645,526 g,i JP Morgan Mortgage Trust 3.889 06/25/50 1,721 Series - 2020 1 (Class B2) 10,000,000 g Liberty Street Trust 3.597 02/10/36 10,853 Series - 2016 225L (Class A) 4,000,000 g,i MAD Mortgage Trust 2.976 08/15/34 4,164 Series - 2017 330M (Class A) 4,000,000 g,i MAD Mortgage Trust 3.142 08/15/34 4,128 Series - 2017 330M (Class B) 3,000,000 g,i Manhattan West 2.335 09/10/39 2,979 Series - 2020 1MW (Class C) LIBOR 1 M + 445,456 i Morgan Stanley Capital I Trust 0.934 08/25/34 441 0.825% Series - 2004 HE6 (Class M1) 211,046 †,i Morgan Stanley Capital I Trust 6.099 12/12/49 119 Series - 2007 IQ16 (Class AJFX) 3,000,000 g,i MSDB Trust 3.316 07/11/39 3,157 Series - 2017 712F (Class A)

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Natixis Commercial Mortgage LIBOR 1 M + 15,780,000 g,i 0.890 07/15/33 15,681 Securities Trust 0.784% Series - 2018 850T (Class A) Natixis Commercial Mortgage LIBOR 1 M + 5,750,000 g,i 1.606 07/15/36 5,767 Securities Trust 1.500% Series - 2019 MILE (Class A)

391

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) Natixis Commercial Mortgage LIBOR 1 M + $ 9,000,000 g,i 3.606% 07/15/36 $ 8,930 Securities Trust 3.500% Series - 2019 MILE (Class E) Natixis Commercial Mortgage LIBOR 1 M + 1,500,000 g,i 4.356 07/15/36 1,477 Securities Trust 4.250% Series - 2019 MILE (Class F) LIBOR 1 M + 98,590 i New York Mortgage Trust 0.589 02/25/36 99 0.480% Series - 2005 3 (Class A1) LIBOR 1 M + 628,367 g,i OBX Trust 0.759 06/25/57 630 0.650% Series - 2018 1 (Class A2) LIBOR 1 M + 317,478 g,i OBX Trust 0.859 07/25/58 318 0.750% Series - 2018 EXP2 (Class 2A1A) 11,800,000 g One Bryant Park Trust 2.516 09/15/54 11,911 Series - 2019 OBP (Class A) 3,900,000 g One Market Plaza Trust 3.614 02/10/32 3,988 Series - 2017 1MKT (Class A) 929,745 g,i Sequoia Mortgage Trust 3.500 05/25/45 946 Series - 2015 2 (Class A1) 409,410 g,i Sequoia Mortgage Trust 3.500 06/25/46 415 Series - 2016 1 (Class A19) 118,568 g,i Sequoia Mortgage Trust 3.500 11/25/46 119 Series - 2016 3 (Class A10) 1,033,221 g,i Sequoia Mortgage Trust 3.500 04/25/47 1,047 Series - 2017 3 (Class A19) 709,558 g,i Sequoia Mortgage Trust 3.749 09/25/47 752 Series - 2017 6 (Class B1) 326,018 g,i Sequoia Mortgage Trust 3.500 02/25/48 332 Series - 2018 2 (Class A1) 260,815 g,i Sequoia Mortgage Trust 3.500 02/25/48 265 Series - 2018 2 (Class A19) 18,269 g,i Sequoia Mortgage Trust 3.500 03/25/48 18 Series - 2018 3 (Class A4) 59,045 g,i Sequoia Mortgage Trust 4.000 09/25/48 60 Series - 2018 7 (Class A19) 15,509 g,i Sequoia Mortgage Trust 4.000 11/25/48 16 Series - 2018 8 (Class A19) 1,017,371 g,i Sequoia Mortgage Trust 4.000 06/25/49 1,036 Series - 2019 2 (Class A1) 246,576 g,i Sequoia Mortgage Trust 4.000 06/25/49 250 Series - 2019 2 (Class A19) 852,787 g,i Sequoia Mortgage Trust 3.500 11/25/49 863 Series - 2019 4 (Class A1) 904,710 g,i Sequoia Mortgage Trust 3.500 12/25/49 913 Series - 2019 5 (Class A1) 505,574 g,i Sequoia Mortgage Trust 3.500 12/25/49 510 Series - 2019 5 (Class A19) 2,480,365 g,i Sequoia Mortgage Trust 3.500 03/25/50 2,532 Series - 2020 2 (Class A1) 1,793,561 g,i Sequoia Mortgage Trust 3.000 04/25/50 1,834 Series - 2020 3 (Class A19) 101,327 g,i Shellpoint Co-Originator Trust 3.500 11/25/46 102

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Series - 2016 1 (Class 1A10) 1,006,237 g,i Shellpoint Co-Originator Trust 3.500 10/25/47 1,023 Series - 2017 2 (Class A1) Structured Agency Credit Risk Debt LIBOR 1 M + 26,775 i 4.259 01/25/25 27 Note (STACR) 4.150% Series - 2015 DN1 (Class M3)

392

REFERENCE MATURITY VALUE PRINCIPAL ISSUER RATE & SPREAD RATE DATE (000) LIBOR 1 M + $ 215,617 i STACR 1.459% 03/25/29 $ 216 1.350% Series - 2016 HQA3 (Class M2) LIBOR 1 M + 333,135 i STACR 3.359 07/25/29 342 3.250% Series - 2017 DNA1 (Class M2) LIBOR 1 M + 428,534 i STACR 1.309 10/25/29 429 1.200% Series - 2017 DNA2 (Class M1) LIBOR 1 M + 482,327 i STACR 1.909 07/25/30 479 1.800% Series - 2018 DNA1 (Class M2) LIBOR 1 M + 2,270,795 i STACR 2.472 08/25/30 2,271 2.300% Series - 2018 HQA1 (Class M2) 364,776 g,i STACR 4.023 09/25/47 364 Series - 2017 SPI1 (Class M2) 344,449 g,i STACR 4.148 08/25/48 344 Series - 2018 SPI3 (Class M2) 754,258 g,i STACR 4.489 11/25/48 753 Series - 2018 SPI4 (Class M2) LIBOR 1 M + 278,831 g,i STACR 2.059 10/25/49 279 1.950% Series - 2019 DNA4 (Class M2) LIBOR 1 M + 1,634,207 g,i STACR 2.159 11/25/49 1,634 2.050% Series - 2019 HQA4 (Class M2) LIBOR 1 M + 617,480 g,i STACR 1.809 12/25/49 615 1.700% Series - 2020 DNA1 (Class M2) LIBOR 1 M + 670,000 g,i STACR 1.959 02/25/50 667 1.850% Series - 2020 DNA2 (Class M2) LIBOR 1 M + 2,620,000 g,i STACR 3.209 03/25/50 2,649 3.100% Series - 2020 HQA2 (Class M2) 475,000 g Tricon American Homes 2.049 07/17/38 472 Series - 2020 SFR1 (Class B) 1,291,097 g VERUS A3 (Step Bond) 1.733 05/25/65 1,292 Series - 2020 5 (Class A3) 1,600,000 g,i Verus Securitization Trust 3.781 05/25/59 1,582 Series - 2019 2 (Class M1) 1,600,000 g,i Verus Securitization Trust 3.139 07/25/59 1,602 Series - 2019 3 (Class M1) Wells Fargo Commercial Mortgage 1,030,000 3.539 10/15/45 1,067 Trust Series - 2012 LC5 (Class AS) Wells Fargo Mortgage Backed 335,506 g,i 4.000 04/25/49 340 Securities Trust Series - 2019 2 (Class A17) 319,570 g,i WinWater Mortgage Loan Trust 3.854 06/20/44 324 Series - 2014 1 (Class B4) TOTAL OTHER MORTGAGE 366,869 BACKED

TOTAL BONDS 6,973,073 (Cost $6,856,354)

393

VALUE SHARES COMPANY (000) COMMON STOCKS - 59.6%

AUTOMOBILES & COMPONENTS - 1.4% 124,768 * Aptiv plc $ 17,206 158,222 Bayerische Motoren Werke AG. 16,420 58,601 Bayerische Motoren Werke AG. (Preference) 4,665 14,525 BorgWarner, Inc 673 210,382 Denso Corp 14,025 145,956 Magna International, Inc 12,855 56,903 Michelin (C.G.D.E.) (Class B) 8,522 31,000 Stanley Electric Co Ltd 926 97,152 * Tenneco, Inc 1,041 191,276 * Tesla, Inc 127,759 480,500 * Toyota Motor Corp 37,393 70,308 Valeo S.A. 2,385 TOTAL AUTOMOBILES & COMPONENTS 243,870

BANKS - 3.0% 2,364 Ameris Bancorp 124 33,649 Associated Banc-Corp 718 906,354 Australia & New Zealand Banking Group Ltd 19,460 2,848,333 * Banco Bilbao Vizcaya Argentaria S.A. 14,843 1,189,707 * Bank Hapoalim Ltd 9,252 215,816 Bank of Montreal 19,237 180,784 Bank of Nova Scotia 11,310 53,164 Bank OZK 2,172 2,405 Banner Corp 128 53,890 Berkshire Hills Bancorp, Inc 1,203 346,998 BNP Paribas S.A. 21,142 3,250,000 BOC Hong Kong Holdings Ltd 11,370 8,511 Brookline Bancorp, Inc 128 10,169 Bryn Mawr Bank Corp 463 2,629 Cadence BanCorp 55 2,629,194 CaixaBank S.A. 8,163 6,038 Camden National Corp 289 79,444 Canadian Imperial Bank of Commerce 7,779 469,548 Citigroup, Inc 34,160 523,129 Citizens Financial Group, Inc 23,096 2,120 Columbia Banking System, Inc 91 120,557 Comerica, Inc 8,649 747 Commerce Bancshares, Inc 57 455,925 Commonwealth Bank of Australia 29,915 889 Community Trust Bancorp, Inc 39 3,881 Cullen/Frost Bankers, Inc 422 52,866 * Customers Bancorp, Inc 1,682 750,793 DBS Group Holdings Ltd 16,098 84,052 Erste Bank der Oesterreichischen Sparkassen AG. 2,848 14,372 Federal Agricultural Mortgage Corp (FAMC) 1,448 7,030 First Busey Corp 180 50,617 First Republic Bank 8,440 1,019 Glacier Bancorp, Inc 58 58,849 Great Western Bancorp, Inc 1,783 1,984 Hancock Whitney Corp 83 626,900 Hang Seng Bank Ltd 12,173

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 10,817 Heartland Financial USA, Inc 544 4,964 Heritage Financial Corp 140 22,048 HomeStreet, Inc 972

394

VALUE SHARES COMPANY (000) 324,425 Huntington Bancshares, Inc $ 5,100 6,586,481 Intesa Sanpaolo S.p.A. 17,847 134,807 Investors Bancorp, Inc 1,980 122,862 KBC Groep NV 8,940 108,670 Kearny Financial Corp 1,313 246,238 Keycorp 4,920 26,805 Live Oak Bancshares, Inc 1,836 12,050 MGIC Investment Corp 167 17,431 * Mr Cooper Group, Inc 606 30,139 National Bank Holdings Corp 1,196 938 NBT Bancorp, Inc 37 520,534 New York Community Bancorp, Inc 6,569 9,051 Old National Bancorp 175 187,316 People’s United Financial, Inc 3,353 60,116 Pinnacle Financial Partners, Inc 5,330 280,804 PNC Financial Services Group, Inc 49,256 759,309 Regions Financial Corp 15,687 2,027,100 Resona Holdings, Inc 8,515 1,005,063 e Skandinaviska Enskilda Banken AB (Class A) 12,260 507,917 Societe Generale 13,279 1,800,034 Standard Chartered plc 12,394 13,659 Stock Yards Bancorp, Inc 697 301,200 Sumitomo Mitsui Trust Holdings, Inc 10,509 21,643 * SVB Financial Group 10,684 906,846 Svenska Handelsbanken AB 9,859 2,226 * Texas Capital Bancshares, Inc 158 6,965 TFS Financial Corp 142 20,196 * The Bancorp, Inc 418 4,787 Trico Bancshares 227 33,943 * Tristate Capital Holdings, Inc 783 577,842 Truist Financial Corp 33,700 1,700 Trustmark Corp 57 2,050 Umpqua Holdings Corp 36 12,481 Univest Financial Corp 357 3,957 Webster Financial Corp 218 25,913 WesBanco, Inc 934 2,021 Westamerica Bancorporation 127 1,140,253 Westpac Banking Corp 21,150 1,110 Wintrust Financial Corp 84 1,706 WSFS Financial Corp 85 62,293 Zions Bancorporation 3,424 TOTAL BANKS 535,123

CAPITAL GOODS - 4.2% 239,694 3M Co 46,184 790 Acuity Brands, Inc 130 17,432 * Aegion Corp 501 110,001 Ashtead Group plc 6,567 142,033 Assa Abloy AB 4,088 212,409 Atlas Copco AB (A Shares) 12,950 202,746 Atlas Copco AB (B Shares) 10,567 94,662 * Axon Enterprise, Inc 13,482 51,819 Barnes Group, Inc 2,567 688 * Beacon Roofing Supply, Inc 36

VALUE SHARES COMPANY (000) 161,467 * Bloom Energy Corp $ 4,368 46,560 Bouygues S.A. 1,865 38,706 Brenntag AG. 3,307 301,661 * CAE, Inc 8,596 20,011 Carlisle Cos, Inc 3,293 74,042 Carrier Global Corp 3,126 244,957 Caterpillar, Inc 56,798 801,457 CNH Industrial NV 12,407 46,183 Cubic Corp 3,444 40,473 Cummins, Inc 10,487 82,730 Curtiss-Wright Corp 9,812 39,500 Daifuku Co Ltd 3,882 84,700 Daikin Industries Ltd 17,123 92,545 DCC plc 8,027 151,206 Deere & Co 56,572 197,000 Eaton Corp 27,241 1,733 EMCOR Group, Inc 194 134,164 Fastenal Co 6,746 113,958 Ferguson plc 13,613 113,122 Fortive Corp 7,991 1,653 Fortune Brands Home & Security, Inc 158 13,357 * Herc Holdings, Inc 1,353 159,294 * Hexcel Corp 8,920 103,600 * Hitachi Construction Machinery Co Ltd 3,320 26,167 Hochtief AG. 2,343 1,811 IDEX Corp 379 181,137 Illinois Tool Works, Inc 40,125 360,455 Johnson Controls International plc 21,508 303,500 Kajima Corp 4,317 1,335,270 Keppel Corp Ltd 5,290 417,800 Komatsu Ltd 12,947 573,800 Kubota Corp 13,090 14,151 Legrand S.A. 1,315 86 Lennox International, Inc 27 193,335 Masco Corp 11,581 102,904 * Mercury Systems, Inc 7,270 568,300 Mitsubishi Corp 16,111 26,435 Moog, Inc (Class A) 2,198 47,453 MTU Aero Engines Holding AG. 11,178 4,501 * MYR Group, Inc 323 333,800 Obayashi Corp 3,064 5,749 Owens Corning, Inc 529 70,625 PACCAR, Inc 6,562 54,182 Parker-Hannifin Corp 17,091 44,193 Rockwell Automation, Inc 11,731 42,308 Roper Technologies Inc 17,065 4,744 Rush Enterprises, Inc (Class A) 236 256,074 Sandvik AB 7,007 158,495 Schneider Electric S.A. 24,144 355,600 Shimizu Corp 2,879 192,109 Siemens AG. 31,566 825,000 Singapore Technologies Engineering Ltd 2,390 10,692 Snap-On, Inc 2,467 23,984 Stanley Black & Decker, Inc 4,789

VALUE SHARES COMPANY (000) 42,186 * Teledyne Technologies, Inc $ 17,450 78,708 Trane Technologies plc 13,031 20,355 * Trimas Corp 617 34,364 * United Rentals, Inc 11,316 20,908 * Vectrus, Inc 1,117 46,500 Vestas Wind Systems AS 9,592 605,919 e Volvo AB (B Shares) 15,345 14,984 W.W. Grainger, Inc 6,008 1,964 Wabash National Corp 37 350,496 Wartsila Oyj (B Shares) 3,674 3,684 * WESCO International, Inc 319 40,937 Woodward Inc 4,938 12,800 WSP Global, Inc 1,218 42,125 Xylem, Inc 4,431 TOTAL CAPITAL GOODS 740,330

COMMERCIAL & PROFESSIONAL SERVICES - 1.0% 834 ABM Industries, Inc 42 11,940 ACCO Brands Corp 101 25,543 Adecco S.A. 1,723 1,000 * ASGN Inc 95 1,175 Brambles Ltd 9 18,022 Cintas Corp 6,151 157,975 * Copart, Inc 17,158 13,650 * FTI Consulting, Inc 1,912 5,059 Heidrick & Struggles International, Inc 181 9,677 * Huron Consulting Group, Inc 487 4,826 ICF International, Inc 422 297,255 IHS Markit Ltd 28,768 125,772 Intertek Group plc 9,712 45,168 * Kelly Services, Inc (Class A) 1,006 37,666 e Randstad Holdings NV 2,644 319,000 Recruit Holdings Co Ltd 15,665 724,451 RELX plc (London) 18,170 21,731 Resources Connection, Inc 294 59,122 Robert Half International, Inc 4,616 111,469 Science Applications International Corp 9,318 1,100 Secom Co Ltd 93 3,476 SGS S.A. 9,877 11,939 Teleperformance 4,353 134,906 TransUnion 12,141 1,668 * TriNet Group, Inc 130 17,138 Verisk Analytics, Inc 3,028 38,441 * Viad Corp 1,605 164,044 Waste Management, Inc 21,165 29,805 Wolters Kluwer NV 2,589 TOTAL COMMERCIAL & PROFESSIONAL SERVICES 173,455

CONSUMER DURABLES & APPAREL - 1.3% 51,093 Adidas-Salomon AG. 15,961 540,582 Barratt Developments plc 5,560 73,428 Berkeley Group Holdings plc 4,495 92,878 * Burberry Group plc 2,430 15,787 Callaway Golf Co 422

VALUE SHARES COMPANY (000) 55,526 DR Horton, Inc $ 4,949 107,090 Essilor International S.A. 17,446 46,726 Ethan Allen Interiors, Inc 1,290 6,993 Garmin Ltd 922 30,027 *,e GoPro, Inc 350 9,916 * Green Brick Partners, Inc 225 804 Hasbro, Inc 77 26,388 * iRobot Corp 3,224 45,901 Lennar Corp (Class A) 4,647 30,886 * Lululemon Athletica, Inc 9,473 19,657 * Mohawk Industries, Inc 3,780 10,439 Newell Brands Inc 280 482,417 Nike, Inc (Class B) 64,108 2,383 * NVR, Inc 11,226 990,000 Panasonic Corp 12,820 23,595 Pandora AS 2,524 9,035 Puma AG. Rudolf Dassler Sport 886 448 * PVH Corp 47 6,371 SEB S.A. 1,122 296,900 Sekisui House Ltd 6,386 219,500 e Sharp Corp 3,801 150,871 * Sonos, Inc 5,653 310,000 Sony Corp 32,808 1,162,041 Taylor Wimpey plc 2,889 67,001 VF Corp 5,355 TOTAL CONSUMER DURABLES & APPAREL 225,156

CONSUMER SERVICES - 1.6% 138,079 Accor S.A. 5,202 30,274 * American Public Education, Inc 1,079 22,833 * Booking Holdings, Inc 53,197 37,421 * Bright Horizons Family Solutions 6,416 31,423 Carriage Services, Inc 1,106 753,484 * Compass Group plc 15,223 49,243 Darden Restaurants, Inc 6,993 88,227 * Dave & Buster’s Entertainment, Inc 4,226 26,877 Domino’s Pizza, Inc 9,885 40,919 * El Pollo Loco Holdings, Inc 660 14,861 * frontdoor, Inc 799 8,070 Graham Holdings Co 4,539 266,798 * Hilton Worldwide Holdings, Inc 32,261 158,434 InterContinental Hotels Group plc 10,896 19,476 * Marriott Vacations Worldwide Corp 3,392 65,700 Oriental Land Co Ltd 9,887 31,334 * Planet Fitness, Inc 2,422 238,714 * Royal Caribbean Cruises Ltd 20,436 88,932 Service Corp International 4,540 3,541 * Shake Shack, Inc 399 81,613 * Six Flags Entertainment Corp 3,793 540,818 Starbucks Corp 59,095 97,805 * Terminix Global Holdings, Inc 4,662 21,804 * Vail Resorts, Inc 6,359 84,369 Wendy’s 1,709 105,535 * Whitbread plc 4,982

VALUE SHARES COMPANY (000) 26,116 * WW International Inc $ 817 TOTAL CONSUMER SERVICES 274,975

DIVERSIFIED FINANCIALS - 3.5% 754,289 3i Group plc 11,987 201,454 Ally Financial, Inc 9,108 359,995 American Express Co 50,918 2,187 Ameriprise Financial, Inc 508 62,766 g Amundi S.A. 5,016 24,514 Annaly Capital Management, Inc 211 567,420 Bank of New York Mellon Corp 26,833 77,700 BlackRock, Inc 58,583 423,347 Brookfield Asset Management, Inc 18,831 692,424 Charles Schwab Corp 45,132 143,202 CME Group, Inc 29,246 47,319 Deutsche Boerse AG. 7,863 398,157 Discover Financial Services 37,821 1,832 Equitable Holdings, Inc 60 41,024 Eurazeo 3,121 10,143 Factset Research Systems, Inc 3,130 108,404 Franklin Resources, Inc 3,209 10,629 * Green Dot Corp 487 355,946 Hong Kong Exchanges and Clearing Ltd 21,117 390,770 Intercontinental Exchange Group, Inc 43,641 43,051 Invesco Ltd 1,086 201,402 e Kinnevik AB 9,789 125,663 London Stock Exchange Group plc 12,013 140,584 Macquarie Group Ltd 16,389 21,097 MarketAxess Holdings, Inc 10,505 426,600 e Mitsubishi UFJ Lease & Finance Co Ltd 2,579 75,425 Moody’s Corp 22,523 687,380 Morgan Stanley 53,382 26,306 Nasdaq Inc 3,879 992,837 Natixis 4,746 12,048 *,† NewStar Financial, Inc 3 134,282 Northern Trust Corp 14,114 5,978 * PRA Group, Inc 222 120,917 S&P Global, Inc 42,668 128,832 Schroders plc 6,216 2,147,611 Standard Life Aberdeen plc 8,580 140,454 State Street Corp 11,799 30,871 T Rowe Price Group, Inc 5,297 14,300 Tokyo Century Corp 963 1,220,986 UBS Group AG 18,890 29,618 Voya Financial, Inc 1,885 26,666 Wendel 3,309 TOTAL DIVERSIFIED FINANCIALS 627,659

ENERGY - 1.9% 405,017 Antero Midstream Corp 3,657 186,268 * APA Corp 3,334 294,726 Baker Hughes Co 6,369 1,361,721 Cenovus Energy, Inc (Toronto) 10,229 3,725 * ChampionX Corp 81

VALUE SHARES COMPANY (000) 149,986 * Cheniere Energy, Inc $ 10,800 564,586 Chevron Corp 59,163 14,792 Cimarex Energy Co 878 530,502 ConocoPhillips 28,101 2,773 Delek US Holdings, Inc 60 620,242 Enbridge, Inc (Toronto) 22,595 1,241,757 ENI S.p.A. 15,301 233,687 * EQT Corp 4,342 659,898 Equinor ASA 12,881 504,797 Galp Energia SGPS S.A. 5,852 271,927 * Helix Energy Solutions Group, Inc 1,373 108,695 Hess Corp 7,691 257,586 Inpex Holdings, Inc 1,761 5,808 Keyera Corp 121 1,070,901 Kinder Morgan, Inc 17,831 6,109 Koninklijke Vopak NV 304 756,127 * Kosmos Energy Ltd 2,321 1,551,279 Marathon Oil Corp 16,568 202,173 Neste Oil Oyj 10,737 5,349 * NOV, Inc 73 5,830 * Oceaneering International, Inc 67 154,469 OMV AG. 7,828 26,109 ONEOK, Inc 1,323 1,000,603 Repsol YPF S.A. 12,419 558,608 Schlumberger Ltd 15,189 114,888 * Select Energy Services, Inc 572 824,555 * Southwestern Energy Co 3,834 677,763 Suncor Energy, Inc 14,168 641,830 e Total S.A. 29,922 227,210 Valero Energy Corp 16,268 971 Woodside Petroleum Ltd 18 TOTAL ENERGY 344,031

FOOD & STAPLES RETAILING - 0.6% 293,800 Aeon Co Ltd 8,776 232,229 Alimentation Couche Tard, Inc 7,488 212,676 * BJ’s Wholesale Club Holdings, Inc 9,541 86,085 Carrefour S.A. 1,559 59,180 Casey’s General Stores, Inc 12,794 57,614 * Chefs’ Warehouse Holdings, Inc 1,755 13,275 Coles Group Ltd 162 79,465 George Weston Ltd 7,037 1,559 ICA Gruppen AB 76 1,889,086 J Sainsbury plc 6,317 1,474 Jeronimo Martins SGPS S.A. 25 75,900 Kobe Bussan Co Ltd 2,035 800 Lawson, Inc 39 138,558 Loblaw Cos Ltd 7,740 52,767 * Performance Food Group Co 3,040 41,285 Pricesmart, Inc 3,994 67,145 SpartanNash Co 1,318 223,757 * Sprouts Farmers Market, Inc 5,956 3,730,523 Tesco plc 11,778 102,099 * United Natural Foods, Inc 3,363

VALUE SHARES COMPANY (000) 276,660 * US Foods Holding Corp $ 10,546 1,600 Welcia Holdings Co Ltd 55 1,824,513 WM Morrison Supermarkets plc 4,589 TOTAL FOOD & STAPLES RETAILING 109,983

FOOD, BEVERAGE & TOBACCO - 2.1% 364,500 Ajinomoto Co, Inc 7,472 246,023 * Associated British Foods plc 8,174 3,168 Barry Callebaut AG. 7,173 52,309 *,e Beyond Meat, Inc 6,806 1,758 Bunge Ltd 139 87,999 Campbell Soup Co 4,424 423,452 Coca-Cola Amatil Ltd 4,330 1,244,449 Coca-Cola Co 65,595 210,758 Coca-Cola European Partners plc (Class A) 10,993 209,464 Coca-Cola HBC AG. 6,658 245,617 Danone 16,812 14,883 * Darling International, Inc 1,095 58,541 Fresh Del Monte Produce, Inc 1,676 414,306 General Mills, Inc 25,405 2,360 * Hain Celestial Group, Inc 103 235,683 Hormel Foods Corp 11,261 150,346 Kellogg Co 9,517 91,432 Kerry Group plc (Class A) 11,419 136,700 Kikkoman Corp 8,152 82,304 McCormick & Co, Inc 7,338 88,600 e MEIJI Holdings Co Ltd 5,697 113,527 Mowi ASA 2,820 589,332 Nestle S.A. 65,697 29,600 Nissin Food Products Co Ltd 2,194 302,914 Orkla ASA 2,971 520,924 PepsiCo, Inc 73,685 141,100 Suntory Beverage & Food Ltd 5,262 7,621 * TreeHouse Foods, Inc 398 12,300 Yakult Honsha Co Ltd 622 TOTAL FOOD, BEVERAGE & TOBACCO 373,888

HEALTH CARE EQUIPMENT & SERVICES - 3.1% 41,223 * Abiomed, Inc 13,139 40,357 * Accelerate Diagnostics, Inc 336 210,453 Alcon, Inc 14,769 193,700 Alfresa Holdings Corp 3,740 47,728 * Align Technology, Inc 25,846 283,411 * Allscripts Healthcare Solutions, Inc 4,255 67,252 * Angiodynamics, Inc 1,574 224,873 * Antares Pharma, Inc 924 15,256 * AtriCure, Inc 1,000 1,253 * Axonics Modulation Technologies, Inc 75 47,953 Becton Dickinson & Co 11,660 26,339 Cardinal Health, Inc 1,600 455,960 * Centene Corp 29,140 340,621 Cerner Corp 24,484 265,873 * Cerus Corp 1,598 217,762 Cigna Corp 52,642

VALUE SHARES COMPANY (000) 6,294 Cochlear Ltd $ 1,012 50,637 Coloplast AS 7,613 22,324 e Computer Programs & Systems, Inc 683 39,227 Cooper Cos, Inc 15,067 95,771 * Covetrus, Inc 2,870 94 * DaVita, Inc 10 197,737 Dentsply Sirona, Inc 12,618 53,782 * DexCom, Inc 19,329 401,646 * Edwards Lifesciences Corp 33,594 156,672 * Envista Holdings Corp 6,392 355,621 Fisher & Paykel Healthcare Corp 7,985 43,373 * GenMark Diagnostics, Inc 1,037 14,264 * Glaukos Corp 1,197 13,596 * Globus Medical, Inc 838 26,726 GN Store Nord 2,104 11,296 * Guardant Health, Inc 1,724 6,003 * Haemonetics Corp 666 119,439 HCA Healthcare, Inc 22,495 61,418 * Health Catalyst, Inc 2,873 26,822 * Henry Schein, Inc 1,857 6,148 *,e Heska Corp 1,036 106,104 * Hologic, Inc 7,892 98,772 Humana, Inc 41,410 56,097 * IDEXX Laboratories, Inc 27,449 8,609 * Inogen, Inc 452 527 * Insulet Corp 137 21,056 * Integer Holding Corp 1,939 20,890 * Intersect ENT, Inc 436 43,327 * Laboratory Corp of America Holdings 11,050 27,738 LeMaitre Vascular, Inc 1,353 8,932 * LivaNova plc 659 1,600 * Magellan Health Services, Inc 149 14,728 * Meridian Bioscience, Inc 387 64,072 * Merit Medical Systems, Inc 3,837 2,746 * ModivCare, Inc 407 104,848 * NextGen Healthcare, Inc 1,898 40,658 * Omnicell, Inc 5,280 57,111 * OraSure Technologies, Inc 666 35,173 * Orthofix Medical Inc 1,525 14,512 * Penumbra, Inc 3,927 2,830 Premier, Inc 96 26,889 Quest Diagnostics, Inc 3,451 66,700 * Quidel Corp 8,533 143,876 Ramsay Health Care Ltd 7,349 77,779 Resmed, Inc 15,091 282,183 Ryman Healthcare Ltd 3,020 41,536 * Sonova Holdings AG 11,010 45,749 * Staar Surgical Co 4,822 31,659 STERIS plc 6,030 79,600 Sysmex Corp 8,592 30,332 * Tactile Systems Technology, Inc 1,653 16,289 * Tandem Diabetes Care, Inc 1,437 96,463 * Teladoc, Inc 17,532 16,267 *,e Triple-S Management Corp (Class B) 423

VALUE SHARES COMPANY (000) 36,171 * Varian Medical Systems, Inc $ 6,385 58,639 * Vocera Communications, Inc 2,255 42,461 West Pharmaceutical Services, Inc 11,965 TOTAL HEALTH CARE EQUIPMENT & SERVICES 550,279

HOUSEHOLD & PERSONAL PRODUCTS - 1.5% 32,966 Beiersdorf AG. 3,483 80,286 Clorox Co 15,485 293,850 Colgate-Palmolive Co 23,164 367,053 e Essity AB 11,601 103,265 Estee Lauder Cos (Class A) 30,035 100,862 Henkel KGaA 9,993 37,753 Henkel KGaA (Preference) 4,245 172,500 Kao Corp 11,414 62,815 Kimberly-Clark Corp 8,734 10,700 Kobayashi Pharmaceutical Co Ltd 999 4,400 Kose Corp 624 92,800 e Lion Corp 1,809 68,724 L’Oreal S.A. 26,327 729,555 Procter & Gamble Co 98,804 189,400 Shiseido Co Ltd 12,738 234,200 Uni-Charm Corp 9,834 TOTAL HOUSEHOLD & PERSONAL PRODUCTS 269,289

INSURANCE - 2.0% 1,874,753 Aegon NV 8,908 306,899 Aflac, Inc 15,707 110,611 Allianz AG. 28,135 108,592 Allstate Corp 12,477 114 Arthur J. Gallagher & Co 14 519,493 Assicurazioni Generali S.p.A. 10,379 2,310,470 Aviva plc 13,023 574,060 AXA S.A. 15,410 223,154 Chubb Ltd 35,252 181,875 CNP Assurances 3,450 1,814 * eHealth, Inc 132 277,229 * Genworth Financial, Inc (Class A) 920 3,513,568 Legal & General Group plc 13,490 82,426 Lincoln National Corp 5,133 199,125 Loews Corp 10,211 92,811 Manulife Financial Corp (Toronto) 1,996 265,026 Marsh & McLennan Cos, Inc 32,280 28,362 Metlife, Inc 1,724 82,300 MS&AD Insurance Group Holdings Inc 2,421 31,684 Muenchener Rueckver AG. 9,758 642 Principal Financial Group 39 277,620 Progressive Corp 26,543 302,108 Prudential Financial, Inc 27,522 304,703 QBE Insurance Group Ltd 2,232 234,400 Sompo Holdings, Inc 8,981 75,475 Sun Life Financial, Inc 3,814 120,642 e Swiss Re Ltd 11,864 130,200 Tokio Marine Holdings, Inc 6,196 144,829 Travelers Cos, Inc 21,782

VALUE SHARES COMPANY (000) 388 White Mountains Insurance Group Ltd $ 433 15,095 Willis Towers Watson plc 3,455 48,991 Zurich Insurance Group AG 20,853 TOTAL INSURANCE 354,534

MATERIALS - 3.0% 124,345 Agnico-Eagle Mines Ltd 7,188 132,474 Air Liquide 21,630 16,377 Amcor plc 191 418,696 Antofagasta plc 9,753 11,973 Aptargroup, Inc 1,696 480,800 Asahi Kasei Corp 5,550 612 * Axalta Coating Systems Ltd 18 656,561 B2Gold Corp 2,827 264,965 Ball Corp 22,453 175,954 BASF SE 14,622 213,652 BlueScope Steel Ltd 3,153 279,785 Boliden AB 10,381 83,968 * Century Aluminum Co 1,483 80 * Chr Hansen Holding A/S 7 1,679 Compass Minerals International, Inc 105 345,191 CRH plc 16,154 89,942 Croda International plc 7,870 45,293 DSM NV 7,657 422,195 DuPont de Nemours, Inc 32,627 158,351 Ecolab, Inc 33,898 496,318 Evolution Mining Ltd 1,546 820,503 Fortescue Metals Group Ltd 12,505 68,702 Franco-Nevada Corp 8,610 3,439 Givaudan S.A. 13,265 102,204 HeidelbergCement AG. 9,286 204,900 * Hitachi Metals Ltd 3,382 64,875 International Flavors & Fragrances, Inc 9,057 1,576 International Paper Co 85 11,455 Johnson Matthey plc 476 232,473 Linde plc 65,125 17,256 Martin Marietta Materials, Inc 5,795 486,000 Mitsubishi Chemical Holdings Corp 3,650 70,092 Mitsui Chemicals, Inc 2,218 279,116 Mondi plc 7,116 142,209 Mosaic Co 4,495 435,438 Newcrest Mining Ltd 8,226 467,270 Newmont Goldcorp Corp 28,162 48,000 Nippon Paint Co Ltd 693 722,300 Nippon Steel Corp 12,328 89,700 Nitto Denko Corp 7,689 1,421,941 Norsk Hydro ASA 9,133 148,145 Nucor Corp 11,892 266,808 Nutrien Ltd (Toronto) 14,373 21,796 PPG Industries, Inc 3,275 2,785 Reliance Steel & Aluminum Co 424 5,386 Schnitzer Steel Industries, Inc (Class A) 225 116,800 Shin-Etsu Chemical Co Ltd 19,786 48,119 Sika AG. 13,760

VALUE SHARES COMPANY (000) 152,065 Stora Enso Oyj (R Shares) $ 2,837 1,354,900 Sumitomo Chemical Co Ltd 7,030 233,400 Sumitomo Metal Mining Co Ltd 10,115 161,101 * Summit Materials, Inc 4,514 368,271 Svenska Cellulosa AB (B Shares) 6,518 493,417 Teck Cominco Ltd 9,451 9,000 Toray Industries, Inc 58 24,182 Trinseo S.A. 1,540 190,257 Umicore S.A. 10,094 24,373 UPM-Kymmene Oyj 876 29,581 * US Concrete, Inc 2,169 112,930 Voestalpine AG. 4,677 120,838 Wheaton Precious Metals Corp 4,616 TOTAL MATERIALS 540,335

MEDIA & ENTERTAINMENT - 3.7% 500,990 Activision Blizzard, Inc 46,592 64,491 * Alphabet, Inc (Class A) 133,014 62,695 * Alphabet, Inc (Class C) 129,693 3,276 Cable One, Inc 5,990 24,275 * Cardlytics, Inc 2,663 203,003 *,e Cinemark Holdings, Inc 4,143 315,639 *,e Discovery, Inc (Class A) 13,718 534,621 * Discovery, Inc (Class C) 19,722 176,664 Electronic Arts, Inc 23,915 172,694 Gray Television, Inc 3,178 115,001 * iHeartMedia, Inc 2,087 94,351 * Imax Corp 1,896 846,899 Informa plc 6,539 118,083 Interpublic Group of Cos, Inc 3,448 54,390 John Wiley & Sons, Inc (Class A) 2,948 19,931 * Liberty Broadband Corp (Class A) 2,893 191,643 * Liberty Broadband Corp (Class C) 28,775 251,893 * Live Nation, Inc 21,323 19,344 * Madison Square Garden Co 3,472 65,267 New York Times Co (Class A) 3,304 34,700 Nintendo Co Ltd 19,558 330,290 Omnicom Group, Inc 24,491 487,241 * Pinterest, Inc 36,070 5,210 * Roku, Inc 1,697 44,164 Scholastic Corp 1,330 10,426 * Seek Ltd 227 88,037 Sinclair Broadcast Group, Inc (Class A) 2,576 2,315,197 e Sirius XM Holdings, Inc 14,100 10,548 * Snap, Inc 552 88,138 * Take-Two Interactive Software, Inc 15,574 9,574 TEGNA, Inc 180 199,175 * TripAdvisor, Inc 10,714 525,571 * Twitter, Inc 33,442 157,334 Vivendi Universal S.A. 5,164 43,536 World Wrestling Entertainment, Inc (Class A) 2,362 766,310 WPP plc 9,765 1,705,187 * Zynga, Inc 17,410 TOTAL MEDIA & ENTERTAINMENT 654,525

VALUE SHARES COMPANY (000) PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.6% 435,391 AbbVie, Inc $ 47,118 60,235 * Acadia Pharmaceuticals, Inc 1,554 81,136 * Aerie Pharmaceuticals, Inc 1,450 169,932 Agilent Technologies, Inc 21,605 52,036 * Agios Pharmaceuticals, Inc 2,687 203,299 Amgen, Inc 50,583 22,172 * AnaptysBio, Inc 478 49,057 * Assembly Biosciences, Inc 226 789,014 Astellas Pharma, Inc 12,154 316,107 AstraZeneca plc 31,550 12,200 e AstraZeneca plc (ADR) 607 77,855 * Atara Biotherapeutics, Inc 1,118 7,622 * Avrobio, Inc 97 2,859 * Axsome Therapeutics, Inc 162 280,534 *,e BioCryst Pharmaceuticals, Inc 2,853 66,217 * Biogen, Inc 18,524 53,268 * BioMarin Pharmaceutical, Inc 4,022 59,106 * Bluebird Bio, Inc 1,782 781,661 Bristol-Myers Squibb Co 49,346 233,464 *,e Canopy Growth Corp (Toronto) 7,498 294,191 Chugai Pharmaceutical Co Ltd 11,954 61,644 * Collegium Pharmaceutical, Inc 1,461 123,859 CSL Ltd 25,032 76,600 Daiichi Sankyo Co Ltd 2,235 93,300 Eisai Co Ltd 6,271 312,933 Eli Lilly & Co 58,462 5,911 *,e Esperion Thereapeutics, Inc 166 39,409 *,e Flexion Therapeutics, Inc 353 416,197 Gilead Sciences, Inc 26,899 1,350,654 GlaxoSmithKline plc 23,910 73,762 H Lundbeck AS 2,519 37,085 * Halozyme Therapeutics, Inc 1,546 15,388 * Illumina, Inc 5,910 37,142 * Insmed, Inc 1,265 101,039 * Intra-Cellular Therapies, Inc 3,428 65,232 * IQVIA Holdings, Inc 12,599 31,436 * Jazz Pharmaceuticals plc 5,167 76,245 * Karyopharm Therapeutics, Inc 802 27,166 Lonza Group AG. 15,194 37,332 * MacroGenics, Inc 1,189 774,590 Merck & Co, Inc 59,713 77,306 Merck KGaA 13,224 6,684 * Mettler-Toledo International, Inc 7,725 3,119 * Mirati Therapeutics, Inc 534 5,985 * Novavax, Inc 1,085 430,856 Novo Nordisk AS 29,033 341,800 Ono Pharmaceutical Co Ltd 8,939 404,765 *,e Opko Health, Inc 1,736 96,567 e Orion Oyj (Class B) 3,869 47,491 Perrigo Co plc 1,922 73,470 * Prothena Corp plc 1,846 10,952 * Regeneron Pharmaceuticals, Inc 5,182

VALUE SHARES COMPANY (000) 16,525 * Repligen Corp $ 3,213 82,779 * Revance Therapeutics, Inc 2,314 151,067 Roche Holding AG. 48,937 6,648 * Sage Therapeutics, Inc 498 99,156 * Sangamo Therapeutics Inc 1,242 18,000 Santen Pharmaceutical Co Ltd 248 125,300 Shionogi & Co Ltd 6,764 189,500 Sumitomo Dainippon Pharma Co Ltd 3,306 426,482 *,e TherapeuticsMD, Inc 571 130,625 Thermo Fisher Scientific, Inc 59,615 5,130 * Tricida, Inc 27 104,008 UCB S.A. 9,887 31,375 * Ultragenyx Pharmaceutical, Inc 3,572 155,840 * Vertex Pharmaceuticals, Inc 33,488 21,120 * Waters Corp 6,002 30,112 *,e ZIOPHARM Oncology, Inc 108 258,627 Zoetis, Inc 40,729 15,799 *,e Zogenix, Inc 308 TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 817,413

REAL ESTATE - 2.0% 56,085 Alexandria Real Estate Equities, Inc 9,215 179,534 American Tower Corp 42,919 3,067 Americold Realty Trust 118 81,697 Boston Properties, Inc 8,273 768,947 British Land Co plc 5,350 60,579 Brixmor Property Group, Inc 1,226 2,743,273 CapitaLand Ltd 7,686 32,768 CatchMark Timber Trust, Inc 334 95,616 * CBRE Group, Inc 7,564 176,600 City Developments Ltd 1,050 9,087 Coresite Realty 1,089 26,996 Cousins Properties, Inc 954 34,910 CyrusOne, Inc 2,364 301,100 Daiwa House Industry Co Ltd 8,837 155,597 Deutsche Wohnen AG. 7,258 343,105 * DiamondRock Hospitality Co 3,534 6,866 Douglas Emmett, Inc 216 22,810 Easterly Government Properties, Inc 473 40,768 Equinix, Inc 27,706 39,158 First Industrial Realty Trust, Inc 1,793 28,167 Fonciere Des Regions 2,409 55,983 Franklin Street Properties Corp 305 539 Gecina S.A. 74 710,446 Goodman Group 9,810 683,337 GPT Group 2,397 230,600 Healthpeak Properties Inc 7,319 333,832 * Host Hotels and Resorts, Inc 5,625 35,653 * Howard Hughes Corp 3,392 26,120 Hudson Pacific Properties 709 322,500 Hulic Co Ltd 3,812 945 Iron Mountain, Inc 35 30,104 e iStar Inc 535 6,486 * Jones Lang LaSalle, Inc 1,161

VALUE SHARES COMPANY (000) 4,380 Kilroy Realty Corp $ 288 98,487 Kimco Realty Corp 1,847 37,913 e Klepierre 883 55,191 Lend Lease Corp Ltd 544 1,375,900 Link REIT 12,553 269,561 e Macerich Co 3,154 1,039,835 Mirvac Group 1,984 567,800 Mitsubishi Estate Co Ltd 9,943 362,810 Mitsui Fudosan Co Ltd 8,270 97,100 Nomura Real Estate Holdings, Inc 2,347 457,370 * Park Hotels & Resorts, Inc 9,870 1,743 Piedmont Office Realty Trust, Inc 30 391,541 Prologis, Inc 41,503 6,300 e QTS Realty Trust, Inc 391 66,712 * Realogy Holdings Corp 1,009 17,946 Regency Centers Corp 1,018 37,230 RLJ Lodging Trust 576 2,740 RMR Group, Inc 112 57,147 SBA Communications Corp 15,861 672,078 Segro plc 8,685 888,670 Stockland Trust Group 2,983 522,500 Swire Pacific Ltd (Class A) 3,936 1,237,600 Swire Properties Ltd 3,842 36,081 UDR, Inc 1,583 120,218 e Unibail-Rodamco-Westfield 9,605 12,238 Unibail-Rodamco-Westfield 981 75,749 Ventas, Inc 4,040 179,548 Vicinity Centres 227 199,274 Welltower, Inc 14,274 267,809 Weyerhaeuser Co 9,534 66,474 * Xenia Hotels & Resorts, Inc 1,296 TOTAL REAL ESTATE 348,711

RETAILING - 2.4% 48,436 *,e 1-800-FLOWERS.COM, Inc (Class A) 1,337 17,906 Advance Auto Parts, Inc 3,286 99 * Burlington Stores, Inc 30 3,189 * CarMax, Inc 423 65,087 *,g Delivery Hero AG. 8,436 102,541 * Designer Brands, Inc 1,784 21,858 * Dollar Tree, Inc 2,502 697,933 eBay, Inc 42,741 13,700 Fast Retailing Co Ltd 10,952 7,052 * Five Below, Inc 1,345 23,876 * Gap, Inc 711 27,595 * Genesco, Inc 1,311 679 Genuine Parts Co 79 45,833 * Groupon, Inc 2,317 54,715 e Hennes & Mauritz AB (B Shares) 1,233 31,775 * Hibbett Sports, Inc 2,189 289,683 Home Depot, Inc 88,426 266,617 Industria De Diseno Textil S.A. 8,809 185,262 * JD Sports Fashion plc 2,106 25,673 Kering 17,716

VALUE SHARES COMPANY (000) 579,682 * Kingfisher plc $ 2,541 20,161 * Lands’ End, Inc 500 88,793 * LKQ Corp 3,759 239,757 Lowe’s Companies, Inc 45,597 470,365 * Macy’s, Inc 7,615 38,743 * MarineMax, Inc 1,912 700 e Marui Co Ltd 13 370 * MercadoLibre, Inc 545 40,457 Next plc 4,385 177,046 * Ocado Ltd 4,964 201 Pool Corp 69 158,227 Prosus NV 17,607 163,752 * Quotient Technology, Inc 2,676 823,400 * Rakuten, Inc 9,837 118,535 * RealReal, Inc 2,682 49,943 Ross Stores, Inc 5,989 1,746 * Sally Beauty Holdings, Inc 35 18,267 Shoe Carnival, Inc 1,130 253,035 Target Corp 50,119 356,256 TJX Companies, Inc 23,566 18,613 Tractor Supply Co 3,296 108,049 * Wayfair, Inc 34,008 31,943 Williams-Sonoma, Inc 5,724 874 Winmark Corp 163 44,352 *,g Zalando SE 4,346 20,869 * Zumiez, Inc 895 TOTAL RETAILING 431,706

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7% 466,514 Applied Materials, Inc 62,326 277,300 ASM Pacific Technology 3,549 90,970 ASML Holding NV 55,816 24,908 * Cirrus Logic, Inc 2,112 30,431 * Cree, Inc 3,291 83,349 * First Solar, Inc 7,276 1,315,317 Intel Corp 84,180 79,568 Lam Research Corp 47,362 177,311 NVIDIA Corp 94,672 698,553 * ON Semiconductor Corp 29,067 20,887 * Silicon Laboratories, Inc 2,947 363,990 Texas Instruments, Inc 68,790 46,800 Tokyo Electron Ltd 20,341 13,005 Universal Display Corp 3,079 TOTAL SEMICONDUCTORS & SEMICONDUCTOR 484,808 EQUIPMENT

SOFTWARE & SERVICES - 7.4% 248,160 Accenture plc 68,554 163,332 * Adobe, Inc 77,643 110,866 Amadeus IT Holding S.A. 7,897 9,303 * Anaplan, Inc 501 24,284 * Aspen Technology, Inc 3,505 105,088 Atos Origin S.A. 8,193 152,753 * Autodesk, Inc 42,336

409

VALUE SHARES COMPANY (000) 163,329 * Avaya Holdings Corp $ 4,578 59,147 * Benefitfocus, Inc 817 12,430 * Bill.Com Holdings, Inc 1,809 95,940 * Blackline, Inc 10,400 9,059 * BM Technologies, Inc 106 152,094 * Cadence Design Systems, Inc 20,835 86,783 Cap Gemini S.A. 14,755 117,233 * CGI, Inc 9,765 36,352 * ChannelAdvisor Corp 856 3,509 Computershare Ltd 40 399 * Computershare Ltd 5 30,186 * Concentrix Corp 4,519 62,144 CSG Systems International, Inc 2,790 484,214 * DXC Technology Co 15,137 42,950 * Elastic NV 4,776 63,460 * ExlService Holdings, Inc 5,722 118,616 * Five9, Inc 18,543 96,200 Fujitsu Ltd 13,998 436,483 International Business Machines Corp 58,166 127,985 Intuit, Inc 49,026 245,964 *,e Limelight Networks, Inc 878 19,414 * Liveperson, Inc 1,024 256,835 Mastercard, Inc (Class A) 91,446 1,531,501 Microsoft Corp 361,082 197,081 NEC Corp 11,637 97,079 * New Relic, Inc 5,968 206,400 Nomura Research Institute Ltd 6,412 136,794 * Nutanix, Inc 3,633 117,858 * Okta, Inc 25,979 6,151 * OneSpan, Inc 151 1,800 Otsuka Corp 84 30,916 * Paylocity Holding Corp 5,560 347,720 * PayPal Holdings, Inc 84,440 61,209 * Perficient, Inc 3,594 23,560 * Qualys, Inc 2,469 32,039 * Rapid7, Inc 2,390 526,665 * Sabre Corp 7,800 313,422 * salesforce.com, Inc 66,405 256,975 SAP AG. 31,520 16,595 * ServiceNow, Inc 8,299 26,592 * Shopify, Inc (Class A) (Toronto) 29,358 38,675 * Smartsheet, Inc 2,472 68,112 * SPS Commerce, Inc 6,764 900 Sumisho Computer Systems Corp 54 122,773 * SVMK, Inc 2,249 75,256 * Sykes Enterprises, Inc 3,317 65,053 * Teradata Corp 2,507 33,501 TTEC Holdings, Inc 3,365 151,214 * VMware, Inc (Class A) 22,750 81,990 * WEX, Inc 17,154 149,466 Wisetech Global Ltd 3,326 75,983 * Workday, Inc 18,877 10,526 * Workiva, Inc 929 439 * Xero Ltd 43

410

VALUE SHARES COMPANY (000) TECHNOLOGY HARDWARE & EQUIPMENT - 2.0% 1,479 Belden CDT, Inc $ 66 4,665 Benchmark Electronics, Inc 144 146,808 * Ciena Corp 8,033 1,499,626 Cisco Systems, Inc 77,546 149,502 Cognex Corp 12,407 915,659 Corning, Inc 39,840 39,338 CTS Corp 1,222 122,731 Dolby Laboratories, Inc (Class A) 12,116 4,523 * ePlus, Inc 451 27,324 * Fabrinet 2,470 1,703,864 Hewlett Packard Enterprise Co 26,819 1,434,582 HP, Inc 45,548 13,445 * Insight Enterprises, Inc 1,283 4,037 * Itron, Inc 358 49,274 Keyence Corp 22,457 174,539 * Keysight Technologies, Inc 25,029 22,856 * Kimball Electronics, Inc 590 128,945 * Knowles Corp 2,697 16,834 * Lumentum Holdings, Inc 1,538 8,736 Methode Electronics, Inc 367 4,667 Motorola Solutions, Inc 878 186,600 Murata Manufacturing Co Ltd 15,020 3,862 * Novanta, Inc 509 57,800 Omron Corp 4,528 732 * OSI Systems, Inc 70 64,222 * Ribbon Communications, Inc 527 12,298 * Rogers Corp 2,315 5,900 Shimadzu Corp 214 30,286 Synnex Corp 3,478 50,300 TDK Corp 7,002 4,376 TE Connectivity Ltd 565 232,638 * Trimble Inc 18,097 182,563 * TTM Technologies, Inc 2,647 83,123 Vishay Intertechnology, Inc 2,002 9,139 * Vishay Precision Group, Inc 281 49,114 * Zebra Technologies Corp (Class A) 23,829 TOTAL TECHNOLOGY HARDWARE & EQUIPMENT 362,943

TELECOMMUNICATION SERVICES - 1.2% 79,759 * Boingo Wireless, Inc 1,122 6,303,708 * BT Group plc 13,448 185,712 * Iridium Communications, Inc 7,661 551,132 KDDI Corp 16,981 75,553 Koninklijke KPN NV 256 2,960 * Liberty Global plc (Class A) 76 7,192 * Liberty Global plc (Class C) 184 921,525 Orange S. A. 11,340 185,118 Rogers Communications, Inc (Class B) 8,536 3,175,800 Singapore Telecommunications Ltd 5,771 1,174,700 e Softbank Corp 15,282 2,271 Swisscom AG. 1,218

VALUE SHARES COMPANY (000) 2,071 Tele2 AB (B Shares) $ 28 394,386 Telefonica Deutschland Holding AG. 1,157 230,397 Telenor ASA 4,059 217,361 TeliaSonera AB 942 14,204 TELUS Corp 283 265,055 * T-Mobile US, Inc 33,209 1,356,277 Verizon Communications, Inc 78,868 9,829,741 Vodafone Group plc 17,925 TOTAL TELECOMMUNICATION SERVICES 218,346

TRANSPORTATION - 1.7% 115,400 * All Nippon Airways Co Ltd 2,685 48,438 ArcBest Corp 3,409 143,974 * Auckland International Airport Ltd 790 29,563 * Avis Budget Group, Inc 2,144 208,105 Canadian National Railway Co 24,151 47,700 Central Japan Railway Co 7,142 61,508 CH Robinson Worldwide, Inc 5,870 429,521 CSX Corp 41,414 839,171 * Delta Air Lines, Inc 40,515 356,440 Deutsche Post AG. 19,555 134,300 East Japan Railway Co 9,550 51,566 * Echo Global Logistics, Inc 1,620 75,281 Getlink S.E. 1,154 6,165 Kansas City Southern 1,627 100 Keio Corp 7 16,500 * Kintetsu Corp 630 18,511 Kuehne & Nagel International AG. 5,287 459 Landstar System, Inc 76 1,619,864 MTR Corp 9,213 157,678 Nippon Yusen Kabushiki Kaisha 5,393 127,441 Norfolk Southern Corp 34,220 1,374 Old Dominion Freight Line 330 123,000 SG Holdings Co Ltd 2,824 672,749 *,e Singapore Airlines Ltd 2,778 364,523 * Sydney Airport 1,722 1,403,260 Transurban Group 14,266 348,966 United Parcel Service, Inc (Class B) 59,321 200 West Japan Railway Co 11 TOTAL TRANSPORTATION 297,704

UTILITIES - 1.7% 200,189 e Algonquin Power & Utilities Corp 3,172 312,047 American Electric Power Co, Inc 26,430 36,735 American Water Works Co, Inc 5,507 500,415 APA Group 3,821 141,446 Centerpoint Energy, Inc 3,204 983,500 CLP Holdings Ltd 9,576 13,619 CMS Energy Corp 834 210,340 Consolidated Edison, Inc 15,733 210,322 Dominion Energy, Inc 15,976 23,976 DTE Energy Co 3,192 2,341,767 Enel S.p.A. 23,294 186,602 Energias de Portugal S.A. 1,066

VALUE SHARES COMPANY (000) 152,370 Eversource Energy $ 13,194 117,320 Fortis, Inc 5,091 7,133,034 Hong Kong & China Gas Ltd 11,310 1,563,423 Iberdrola S.A. 20,179 503,460 Meridian Energy Ltd 1,898 263,382 Naturgy Energy Group S.A. 6,467 76,816 g Orsted AS 12,403 233,335 Public Service Enterprise Group, Inc 14,049 612,383 Scottish & Southern Energy plc 12,279 182,583 Sempra Energy 24,207 7,999 South Jersey Industries, Inc 181 564,611 Southern Co 35,096 20,822 * Sunnova Energy International, Inc 850 100 Toho Gas Co Ltd 6 181,100 Tokyo Gas Co Ltd 4,035 36,029 UGI Corp 1,477 127,567 WEC Energy Group, Inc 11,939 205,969 Xcel Energy, Inc 13,699 TOTAL UTILITIES 300,165

TOTAL COMMON STOCKS 10,590,695 (Cost $7,328,379)

PREFERRED STOCKS - 0.4%

BANKS - 0.1% 233,115 *,‡,e Federal Home Loan Mortgage Corp 1,175 740,991 *,‡,e Federal National Mortgage Association 4,112 490,000 *,‡,e First Republic Bank 12,652 TOTAL BANKS 17,939

INSURANCE - 0.0% 180,000 e Assurant, Inc 4,629 TOTAL INSURANCE 4,629

REAL ESTATE - 0.2% 390,000 ‡,e Brookfield Property Partners LP 10,027 695,000 ‡ Brookfield Property Partners LP 17,257 TOTAL REAL ESTATE 27,284

UTILITIES - 0.1% 490,000 ‡ Brookfield Infrastructure Partners LP 12,534 308,000 ‡,e Brookfield Renewable Partners LP 8,030 TOTAL UTILITIES 20,564

TOTAL PREFERRED STOCKS 70,416 (Cost $88,178)

RIGHTS / WARRANTS - 0.0%

MEDIA & ENTERTAINMENT - 0.0% 38,808 † Media General, Inc 0 TOTAL MEDIA & ENTERTAINMENT 0

413

MATURITY VALUE PRINCIPAL ISSUER RATE DATE (000) SHORT-TERM INVESTMENTS - 6.3%

GOVERNMENT AGENCY DEBT - 3.8% Federal Agricultural Mortgage Corp $ 12,500,000 0.095% 05/28/21 $ 12,500 (FAMC) 6,000,000 Federal Farm Credit Bank (FFCB) 0.010 04/29/21 6,000 1,000,000 FFCB 0.110 08/17/21 1,000 2,000,000 FFCB 0.110 09/28/21 2,000 25,664,000 FFCB 0.070 12/01/21 25,655 1,731,000 Federal Home Loan Bank (FHLB) 0.010 04/01/21 1,731 6,632,000 FHLB 0.085 04/08/21 6,632 61,234,000 FHLB 0.020-0.085 04/09/21 61,234 25,000,000 FHLB 0.085 04/13/21 25,000 55,603,000 FHLB 0.070-0.085 04/14/21 55,603 43,691,000 FHLB 0.005-0.028 04/16/21 43,691 40,000,000 FHLB 0.030 04/20/21 40,000 42,000,000 FHLB 0.010-0.035 04/21/21 42,000 46,500,000 FHLB 0.010-0.013 04/23/21 46,500 37,812,000 FHLB 0.055 05/05/21 37,812 50,000,000 FHLB 0.030-0.035 05/07/21 49,999 60,498,000 FHLB 0.010-0.095 05/19/21 60,497 20,000,000 FHLB 0.015 05/21/21 20,000 23,140,000 FHLB 0.035 05/28/21 23,140 29,000,000 FHLB 0.085 06/02/21 28,999 18,890,000 FHLB 0.080 06/04/21 18,889 11,500,000 FHLB 0.025 06/11/21 11,499 4,755,000 FHLB 0.025 06/16/21 4,755 14,572,000 FHLB 0.075 07/07/21 14,571 24,193,000 FHLB 0.040-0.050 08/11/21 24,190 16,785,000 Tennessee Valley Authority (TVA) 0.010-0.022 04/07/21 16,785 TOTAL GOVERNMENT AGENCY 680,682 DEBT

TREASURY DEBT - 1.7% 25,000,000 United States Cash Management Bill 0.022 07/06/21 24,999 43,364,000 United States Treasury Bill 0.021-0.037 04/06/21 43,364 33,490,000 United States Treasury Bill 0.028-0.035 04/08/21 33,490 43,163,000 United States Treasury Bill 0.087 04/20/21 43,163 52,630,000 United States Treasury Bill 0.023-0.095 04/29/21 52,630 28,218,000 United States Treasury Bill 0.020-0.086 05/06/21 28,218 54,820,000 United States Treasury Bill 0.041 05/27/21 54,819 16,812,000 United States Treasury Bill 0.032 06/17/21 16,811 TOTAL TREASURY DEBT 297,494

414

VALUE SHARES COMPANY RATE (000) INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8% State Street Navigator Securities Lending Government Money 141,851,125 c 0.030% $ 141,851 Market Portfolio TOTAL INVESTMENTS IN REGISTERED 141,851 INVESTMENT COMPANIES

TOTAL SHORT-TERM 1,120,027 INVESTMENTS (Cost $1,119,990)

TOTAL INVESTMENTS - 105.5% 18,757,877 (Cost $15,396,558) OTHER ASSETS & LIABILITIES, NET - (5.5)% (972,660) NET ASSETS - 100.0% $ 17,785,217

Abbreviation(s): ADR American Depositary Receipt CLP Chilean Peso EUR Euro LIBOR London Interbank Offered Rate M Month REIT Real Estate Investment Trust SOFR Secure Overnight Financing Rate

* Non-income producing † Security is categorized as Level 3 in the fair value hierarchy. ‡ Perpetual security c Investments made with cash collateral received from securities on loan. e All or a portion of these securities are out on loan. The aggregate value of securities on loan is $206,009,369. g Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,835,344,128 or 10.3% of net assets. h All or a portion of these securities were purchased on a delayed delivery basis. i Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end. q In default

Cost amounts are in thousands.

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Unrealized Currency to be Currency to be Receive Deliver Counterparty Settlement date appreciation purchased sold (depreciation) Australia and New Zealand Banking $ 9,567 EUR 7,851 04/22/21 $ 356 Group $ 3,004 EUR 2,471 Bank of America 05/28/21 102 $ 13,030 CLP 9,350,000 Citibank 05/19/21 48 Total $ 506

415

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Organization and significant accounting policies Part F of Form N-PORT was prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report. For a full set of financial statement notes, please refer to the most recently filed annual or semiannual report. Valuation of investments The Accounts' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Trustee's. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three- tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

• Level 1 – Inputs are unadjusted and prices are determined using quoted prices inactive markets for identical securities. • Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). • Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).

The following table summarizes the market value of the Accounts’ investments as of March 31, 2021, based on the inputs used to value them (dollar amounts are in thousands): Account Level 1 Level 2 Level 3 Total Stock Government bonds $ — $ 306 $ — $ 306 Equity investments: Communication services 9,702,343 2,051,655 16 11,754,014 Consumer discretionary 12,714,647 4,686,952 1,187 17,402,786 Consumer staples 4,817,419 2,942,658 2,786 7,762,863 Energy 2,337,516 1,394,714 674 3,732,904 Financials 11,400,192 6,282,278 282 17,682,752 Health care 12,022,477 3,152,359 229 15,175,065 Industrials 9,290,495 4,643,147 343 13,933,985 Information technology 23,387,191 5,201,642 35 28,588,868 Materials 3,055,154 3,084,849 8 6,140,011 Real estate 2,600,367 1,165,575 53 3,765,995 Utilities 2,134,092 941,934 36 3,076,062 Short-term investments — 3,780,344 — 3,780,344 Purchased options** 13,090 — — 13,090 Written options** (4,970) — — (4,970) Futures contracts** 24,536 — — 24,536 Forward foreign currency contracts** — (16) — (16) Total $ 93,494,549 $ 39,328,397 $ 5,649 $132,828,595

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Account Level 1 Level 2 Level 3 Total Global Equities Equity investments: Asia $ 456,093 $ 3,305,720 $ 129 $ 3,761,942 Europe 85,673 3,677,509 — 3,763,182 Latin America — — — — North America 14,370,652 1,107 — 14,371,759 All other equity investments* 334,156 2,748,461 3 3,082,620 Short-term investments — 655,660 — 655,660 Futures contracts** 5,050 — — 5,050 Total $ 15,251,624 $ 10,388,457 $ 132 $ 25,640,213 Growth Equity investments: Communication services $ 5,099,299 $ 203,718 $ — $ 5,303,017 Consumer discretionary 6,244,907 357,648 — 6,602,555 Consumer staples 1,605,593 82,582 — 1,688,175 Health care 4,289,033 324,836 — 4,613,869 Industrials 1,615,740 122,991 — 1,738,731 Information technology 13,903,463 160,842 — 14,064,305 Utilities 2,665 — — 2,665 All other equity investments* 1,421,192 — — 1,421,192 Short-term investments 98,224 98,854 — 197,078 Total $ 34,280,116 $ 1,351,471 $ — $ 35,631,587 Equity Index Equity investments: Financials $ 2,660,306 $ — $ 5 $ 2,660,311 Health care 3,078,247 — 35 3,078,282 Materials 668,543 — — 668,543 All other equity investments* 16,355,820 — — 16,355,820 Short-term investments 51,332 66,698 — 118,030 Futures contracts** 974 — — 974 Total $ 22,815,222 $ 66,698 $ 40 $ 22,881,960 Bond Market Bank loan obligations $ — $ 104,275 $ — $ 104,275 Corporate bonds — 5,837,039 488 5,837,527 Government bonds — 5,443,496 955 5,444,451 Structured assets — 2,318,122 6,416 2,324,538 Common stocks 86 — — 86 Preferred stocks 24,396 — — 24,396 Short-term investments 35,109 2,048,417 — 2,083,526 Forward foreign currency contracts** — 6,177 — 6,177 Futures contracts** 929 — — 929 Total $ 60,520 $ 15,757,526 $ 7,859 $ 15,825,905

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Account Level 1 Level 2 Level 3 Total Social Choice Bank loan obligations $ — $ 3,622 $ 44 $ 3,666 Corporate bonds — 2,952,873 — 2,952,873 Government bonds — 3,406,309 12,309 3,418,618 Structured assets — 594,575 7,007 601,582 Equity investments: — Communication services 734,390 138,481 — 872,871 Consumer discretionary 830,254 345,453 — 1,175,707 Consumer staples 446,966 306,193 — 753,159 Energy 199,896 144,135 — 344,031 Financials 929,219 610,664 3 1,539,886 Health care 1,037,974 329,718 — 1,367,692 Industrials 765,719 445,770 — 1,211,489 Information technology 1,893,204 266,014 — 2,159,218 Materials 229,231 311,104 — 540,335 Real estate 260,528 115,468 — 375,996 Utilities 206,133 114,594 — 320,727 Short-term investments 141,851 978,176 — 1,120,027 Total $ 7,675,365 $ 11,063,149 $ 19,363 $ 18,757,877 Inflation-Linked Government bonds $ — $ 7,208,255 $ — $ 7,208,255 Short-term investments — 1,620 — 1,620 Futures contracts** 527 — — 527 Total $ 527 $ 7,209,875 $ — $ 7,210,402 * For detailed categories, see the accompanying Schedules of Investments. ** Derivative instruments, excluding purchased options, are not reflected in the market value of portfolio investments.

(A10944-B 5/21)

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