Shares or Principal Amount
|
| Market Value†
|
COMMON STOCKS - 88.5%
|
| Automobiles & Components - 0.6%
|
107,327
| Streamax Technology Co., Ltd. Class A
| $ 444,461
|
| Banks - 5.8%
|
326,592
| Bank of Ningbo Co., Ltd. Class A
| 1,515,395
|
490,033
| China Merchants Bank Co., Ltd. Class A
| 2,554,565
|
|
|
| 4,069,960
|
| Capital Goods - 14.3%
|
14,200
| Contemporary Amperex Technology Co., Ltd. Class A*
| 1,078,946
|
66,887
| Eve Energy Co., Ltd. Class A
| 939,751
|
38,700
| Gongniu Group Co., Ltd. Class A
| 842,544
|
343,700
| Hongfa Technology Co., Ltd. Class A
| 2,097,696
|
112,200
| Jiangsu Hengli Hydraulic Co., Ltd. Class A
| 868,696
|
121,568
| Luoyang Xinqianglian Slewing Bearing Co., Ltd. Class A
| 1,742,655
|
127,600
| PNC Process Systems Co., Ltd. Class A*
| 723,015
|
543,900
| Sany Heavy Industry Co., Ltd. Class A
| 1,376,477
|
33,710
| Shandong Himile Mechanical Science & Technology Co., Ltd. Class A
| 110,865
|
62,300
| Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A
| 301,104
|
|
|
| 10,081,749
|
| Consumer Durables & Apparel - 7.2%
|
367,946
| Hang Zhou Great Star Industrial Co., Ltd. Class A*
| 1,058,829
|
246,991
| Joyoung Co., Ltd. Class A
| 644,849
|
260,000
| Midea Group Co., Ltd. Class A
| 2,125,046
|
70,789
| Oppein Home Group, Inc. Class A
| 1,265,825
|
|
|
| 5,094,549
|
| Diversified Financials - 1.4%
|
74,100
| Hithink RoyalFlush Information Network Co., Ltd. Class A
| 948,705
|
| Food, Beverage & Tobacco - 7.3%
|
139,795
| Chacha Food Co., Ltd. Class A
| 991,857
|
8,845
| Kweichow Moutai Co., Ltd. Class A
| 2,492,089
|
452,964
| Toly Bread Co., Ltd. Class A
| 943,769
|
27,799
| Wuliangye Yibin Co., Ltd. Class A
| 737,187
|
|
|
| 5,164,902
|
| Health Care Equipment & Services - 1.0%
|
315,900
| Edan Instruments, Inc. Class A
| 452,295
|
197,165
| Shanghai Kinetic Medical Co., Ltd. Class A
| 223,617
|
|
|
| 675,912
|
| Insurance - 4.4%
|
493,300
| Ping An Insurance Group Co. of China Ltd. Class A
| 3,087,797
|
| Materials - 21.0%
|
369,516
| China Jushi Co., Ltd. Class A
| 820,545
|
471,009
| Chongqing Zaisheng Technology Corp. Ltd. Class A
| 451,762
|
582,914
| Citic Pacific Special Steel Group Co., Ltd. Class A
| 1,734,983
|
295,880
| Hengli Petrochemical Co., Ltd. Class A
| 887,790
|
775,378
| Huafon Chemical Co., Ltd. Class A
| 876,097
|
85,528
| Hubei Dinglong Co., Ltd. Class A
| 266,853
|
139,200
| Jiangsu Boqian New Materials Stock Co., Ltd. Class A
| 1,008,538
|
261,800
| LB Group Co., Ltd. Class A
| 791,888
|
488,176
| Satellite Chemical Co., Ltd. Class A
| 1,643,637
|
315,100
| Shandong Sinocera Functional Material Co., Ltd. Class A
| 1,493,250
|
34,900
| Sunresin New Materials Co., Ltd. Class A
| 335,417
|
129,700
| Wanhua Chemical Group Co., Ltd. Class A
| 1,613,989
|
116,740
| Zhejiang Huayou Cobalt Co., Ltd. Class A
| 1,462,203
|
1,049,257
| Zijin Mining Group Co., Ltd. Class A
| 1,392,853
|
|
|
| 14,779,805
|
| Media & Entertainment - 2.3%
|
345,900
| Mango Excellent Media Co., Ltd. Class A
| 1,614,059
|
| Pharmaceuticals, Biotechnology & Life Sciences - 6.9%
|
114,400
| Amoy Diagnostics Co., Ltd. Class A
| 509,122
|