DBX ETF Trust

To our Shareholders: (Unaudited)

Dear shareholder,

We are pleased to provide this annual report for four of our equity ETFs for the period ended August 31, 2022.

The global economy slowed down as high inflation with soaring energy and food prices, fueled by Russia’s military invasion on Ukraine, rising interest rates, supply chain disruptions and COVID-19-led lockdowns took a heavy toll on the markets. Higher-than-expected inflation in most parts of the world was pronounced particularly in developed economies like the US and Europe. The global output contracted in the second quarter of the year, with major economies reeling under inflationary pressure.China’s slowdown was spurred by a resurgence in COVID-19 cases, strict lockdowns, and negative spillovers from the Russia-Ukraine conflict. Amid fears of a global economic recession, central banks implemented aggressive monetary policies as a measure to curb high inflation.

U.S. equities witnessed heightened volatility in 2022 amid a slowdown in economic growth, weakness in consumer confidence and a less favorable long-term economic outlook. High inflation readings, tepid personal consumption expenditure, supply chain disruptions, the Federal Reserve’s aggressive monetary policy and impacts of the Russia-Ukraine war weighed on market sentiments. Central bank officials incrementally raised rates in each of their meetings from 25 to 75 basis points¹ (bps) as inflation jumped to its highest level in 40 years. The 75-bps rate hike in July 2022 for a second successive month marked the fastest pace of policy tightening in the past four decades. However, healthy corporate earnings results, a robust job market and strong labor force participation were some of the positives during the reporting period.

The Eurozone was mired in high inflation, rising interest rates and supply chain disruptions, fueled by the Russia-Ukraine war. However, the region sustained its growth in Q2 2022, supported by the easing out of COVID-19 restrictions and the summer tourism season in southern countries. Italy and Spain, the Eurozone’s third and fourth largest economies, respectively, were the major contributors to growth, while the bloc’s largest economy, Germany stalled. France, Eurozone’s second-largest economy posted growth, backed by a positive contribution from net trade, as exports grew. The import reduction of oil and gas from Russia raised gas and commodity prices in Europe, leading to higher inflation and a bearing on the overall demand environment. Although the labor market remained robust, consumer confidence dipped significantly. In line with many central banks, the European Central Bank (ECB) raised interest rates by 50 bps in July 2022 — its first-rate hike in more than a decade — to prevent high inflation. Furthermore, the ECB approved the Transmission Protection Instrument mechanism for the smooth transmission of its monetary policy across all euro area countries.

The UK economy witnessed a slowdown in GDP growth, as household spending and business activity were hit by rising inflation levels. The Bank of England raised the interest rate in a similar move with the central banks of other countries. The employment market remains strong with the unemployment rate falling to pre-pandemic levels. Japan’s economy faced a resurgence in COVID-19 cases amid persistent supply chain disruptions and inflationary pressure.

The war in Ukraine is expected to contribute to a significant slowdown in global economic growth in 2022 and add to inflation. Central banks across the world are likely to maintain a hawkish stance, as controlling high inflation has become the primary objective. Consumer confidence has remained weak owing to a less favorable long-term economic outlook and as a fragmented recovery is anticipated. Investors would need to keep an eye on potential sanctions on Russian energy by the European Union, as any further supply crunch on oil and gas could sustain the record-high inflation rates.

Our team appreciates your trust and looks forward to serving your investment needs through innovative index-driven strategies.

Sincerely,

/s/ Freddi Klassen

Freddi Klassen

President and Chief Executive Officer

¹ Basis points are a unit of measurement equal to 1/100^th of 1 percent and a standard measure for interest rates.

Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Past performance is not a guarantee of future results.

The Xtrackers FTSE Developed ex-US Multifactor Factor ETF (DEEF) seeks investment results that correspond generally to the performance, before fees and expenses, of the FTSE Developed ex-US Comprehensive Factor Index (the DEEF Index). The DEEF Index is designed to track the equity market performance of companies in developed countries (except the United States) selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size. The companies eligible for the DEEF Index are derived from its starting universe, the FTSE Developed ex US Index, which is comprised of large- and mid-capitalization equity securities from developed markets (except the United States). For the 12-month period ended August 31, 2022, DEEF shares returned -19.75%, compared to the DEEF Index return of -19.42%.

All sectors contributed negatively to performance during the period with the Industrials, Materials, and Real Estate sectors detracting the most from performance. From a geographical perspective, Israel, Singapore, and Canada were the major positive contributors, while Japan, Great Britain, and Sweden contributed negatively to performance.

The Xtrackers MSCI Kokusai Equity ETF (KOKU) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index (the KOKU Index). The KOKU Index is also known as the MSCI World ex-Japan Index. The KOKU Index is designed to track the performance of equity markets in developed markets (excluding Japan). The MSCI World Index is a free float-adjusted market capitalization index that is designed to measure developed-market equity performance throughout the world. For the 12-month period ended August 31, 2022, KOKU shares returned -14.55%, compared to the KOKU Index return of -14.80%.

The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Information Technology, Communication Services, and Consumer Discretionary. The Energy and Utilities sectors were the positive contributors to performance. From a geographical perspective, Singapore, Israel, and Norway were the major positive contributors, while the US, Germany and France contributed negatively to performance.

The Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the QARP Index). The QARP Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of quality and value. The companies eligible for the QARP Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. For the 12-month period ended August 31, 2022, QARP shares returned -9.84%, compared to the QARP Index return of -9.65%.

The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Communication Services, Information Technology and Consumer Discretionary. The Energy, Health Care and Materials sectors were the positive contributors to performance.

The Xtrackers Russell US Multifactor ETF (DEUS) seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 Comprehensive Factor Index (the DEUS Index). The DEUS Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size. The companies eligible for the DEUS Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. For the 12-month period ended August 31, 2022, DEUS shares returned -8.80%, compared to the DEUS Index return of -8.64%.

The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Information Technology, Industrials, and Consumer Discretionary. The Energy, Utilities, and Consumer Staples sectors contributed positively to performance.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month-end performance data visit www.Xtrackers.com. Returns assume that dividends and capital gains distributions have been reinvested. See pages 5-11 of this report for additional performance information, including performance data based on market value.

The views expressed in this report reflect those of the portfolio management team only through the end of the period of the report as stated on the cover. The management team’s views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Current and future portfolio holdings are subject to risk.

Xtrackers FTSE Developed ex US Multifactor ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the FTSE Developed ex US Comprehensive Factor Index (the “Underlying Index”). The Underlying Index is designed to track the equity market performance of companies in developed countries (except the United States) selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size. The companies eligible for the Underlying Index are derived from its starting universe, the FTSE Developed ex US Index, which is comprised of large- and mid-capitalization equity securities from developed markets (except the United States). It is not possible to invest directly into an index.

¹ Total returns are calculated based on the commencement of operations, November 24, 2015 (“Inception”).

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.35%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.

The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.

Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.

Country Diversification* as of August 31, 2022


Japan			25.4%
Australia			13.7%
United Kingdom			10.5%
Canada			5.6%
Sweden			4.8%
South Korea			4.2%
Switzerland			3.9%
France			3.6%
Germany			3.5%
Singapore			3.4%
Israel			3.0%
Netherlands			2.3%
Hong Kong			2.3%
Finland			2.1%
Other			11.7%

Total			100.0%

* As a percent of total investments excluding securities lending collateral and cash equivalents.

Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 14.

Xtrackers MSCI Kokusai Equity ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index (the “Underlying Index”). The MSCI Kokusai Index is also known as the MSCI World ex Japan Index. The Underlying Index is designed to track the performance of equity markets in developed markets (excluding Japan). The MSCI World Index is a free float-adjusted market capitalization index that is designed to measure developed-market equity performance throughout the world. It is not possible to invest directly into an index.

¹ Total returns are calculated based on the commencement of operations, April 8, 2020 (“Inception”).

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.09%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.

* As a percent of total investments excluding securities lending collateral and cash equivalents.

Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 32.

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the “Underlying Index”). The Underlying Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of quality and value. The companies eligible for the Underlying Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. It is not possible to invest directly into an index.

¹ Total returns are calculated based on the commencement of operations, April 5, 2018 (“Inception”).

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.19%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.

* As a percent of total investments excluding exchange-traded funds, securities lending collateral and cash equivalents.

Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 42.

Xtrackers Russell US Multifactor ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 Comprehensive Factor Index (the “Underlying Index”). The Underlying Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size. The companies eligible for the Underlying Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. It is not possible to invest directly into an index.

¹ Total returns are calculated based on the commencement of operations, November 24, 2015 (“Inception”).

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of investment management fees. Without such waiver, performance would have been lower. The estimated operating expense ratio as disclosed in the most recent prospectus dated December 17, 2021, was 0.17%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.

* As a percent of total investments excluding exchange-traded funds, securities lending collateral and cash equivalents.

Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 47.

As a shareholder of one or more of the Funds, you incur two types of costs: (1) transaction costs, including brokerage commissions paid on purchases and sales of fund shares, and (2) ongoing costs, including management fees and other Fund expenses. In the most recent six-month period the Funds limited these expenses; had they not done so, expenses would have been higher. The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.

The examples in the tables are based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2022 to August 31, 2022).

The first line in the following tables provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses Paid During the Period” to estimate the expenses you paid on your account during this period.

The second line in the following tables provides information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses (which is not the Funds’ actual return). The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the tables are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

(1) Expenses are equal to each Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 (the number of days in the most recent six-month period), then divided by 365.


	Number of Shares		Value
COMMON STOCKS — 98.9%
Australia — 13.5%
Adbri Ltd.		4,457	$	6,753
AGL Energy Ltd.		4,288		22,576
ALS Ltd.		7,233		59,007
Altium Ltd.		515		12,978
Alumina Ltd.		74,751		77,637
Ampol Ltd.		18,471		437,880
Ansell Ltd.		1,179		21,492
APA Group (a)		9,801		74,515
Aristocrat Leisure Ltd.		4,706		115,175
ASX Ltd.		5,505		296,067
Atlas Arteria Ltd. (a)		10,220		56,051
Aurizon Holdings Ltd.		82,587		211,183
Australia & New Zealand Banking Group Ltd.		2,436		38,126
Bank of Queensland Ltd.		3,094		14,911
Beach Energy Ltd.		4,401		5,159
Bendigo & Adelaide Bank Ltd.		7,290		45,179
BHP Group Ltd.		1,084		30,171
BlueScope Steel Ltd.		11,220		128,608
Boral Ltd.		8,896		17,991
Brambles Ltd.		39,408		334,460
carsales.com Ltd.		4,573		70,851
Challenger Ltd.		4,433		19,450
Charter Hall Group REIT		10,345		95,813
Cleanaway Waste Management Ltd.		31,154		59,801
Cochlear Ltd.		525		77,130
Coles Group Ltd.		23,541		283,393
Commonwealth Bank of Australia		677		45,238
Computershare Ltd.		8,796		148,943
CSL Ltd.		291		58,560
CSR Ltd.		23,213		72,089
Deterra Royalties Ltd.		15,227		43,739
Dexus REIT		41,894		250,729
Domino’s Pizza Enterprises Ltd.		744		32,414
Downer EDI Ltd.		20,763		71,882
EBOS Group Ltd.		6,716		159,103
Endeavour Group Ltd.		17,910		89,263
Evolution Mining Ltd.		15,276		25,029
Fortescue Metals Group Ltd.		5,406		68,266
Goodman Group REIT		15,069		203,202
GPT Group REIT		95,442		275,461
Harvey Norman Holdings Ltd.		13,378		38,795
IDP Education Ltd.		496		9,864
IGO Ltd.		1,216		11,204
Iluka Resources Ltd.		20,803		150,316
Incitec Pivot Ltd.		31,032		83,394
Insurance Australia Group Ltd.		6,069		19,347
JB Hi-Fi Ltd.		4,717		131,581
Lendlease Corp. Ltd. (a)		2,504		17,630
Lottery Corp. Ltd.*		30,323		91,883
Macquarie Group Ltd.		447		54,320
Medibank Pvt Ltd.		146,664		373,024
Metcash Ltd.		74,601		210,708
Mineral Resources Ltd.*		2,651		116,259
Mirvac Group REIT		98,532		141,852
National Australia Bank Ltd.		410		8,598


	Number of Shares		Value
Australia (Continued)
Newcrest Mining Ltd.		10,459	$	127,127
NEXTDC Ltd.*		290		2,086
Northern Star Resources Ltd.		2,018		10,902
Nufarm Ltd/Australia		2,266		8,295
Orica Ltd.		4,305		45,657
Origin Energy Ltd.		4,623		19,998
Orora Ltd.		67,457		153,534
OZ Minerals Ltd.		3,145		55,454
Perpetual Ltd. (b)		1,529		28,742
QBE Insurance Group Ltd.		23,757		196,579
Qube Holdings Ltd.		13,708		27,159
Ramsay Health Care Ltd.		1,551		76,248
REA Group Ltd.		306		26,757
Reece Ltd.		3,367		36,955
Rio Tinto Ltd.		6,162		399,202
Santos Ltd.		1,495		8,086
SEEK Ltd.		675		9,653
Seven Group Holdings Ltd.		1,012		12,890
Shopping Centres Australasia Property Group REIT		87,120		163,050
Sierra Rutile Holdings Ltd.*(b)		20,803		4,278
Sims Ltd.		2,794		29,478
Sonic Healthcare Ltd.		18,163		423,356
South32 Ltd.		43,657		124,206
Star Entertainment Group Ltd.*		2,517		4,797
Stockland REIT		38,122		94,607
Suncorp Group Ltd.		30,573		228,457
Tabcorp Holdings Ltd. (b)		30,323		19,956
Telstra Corp. Ltd.		29,801		81,107
TPG Telecom Ltd.		1,630		5,978
Transurban Group (a)		3,984		38,128
Treasury Wine Estates Ltd.		6,003		54,282
Vicinity Centres REIT		4,047		5,369
Washington H Soul Pattinson & Co. Ltd.		2,006		35,343
Wesfarmers Ltd.		4,745		152,920
Westpac Banking Corp.		3,834		56,800
Woodside Energy Group Ltd.		15,019		352,648
Woolworths Group Ltd.		7,658		189,470
Worley Ltd.		585		5,827

(Cost $9,394,214)				8,930,431

Austria — 0.3%
ANDRITZ AG		2,040		94,320
Erste Group Bank AG		357		8,070
OMV AG		621		25,153
Raiffeisen Bank International AG		558		7,092
Telekom Austria AG*		8,951		55,984
Verbund AG		148		14,190
voestalpine AG		732		14,810

(Cost $235,642)				219,619

Belgium — 1.6%
Ackermans & van Haaren NV		438		64,215
Ageas SA/NV		410		16,693
Anheuser-Busch InBev SA/NV		91		4,424
D’ieteren Group		172		26,064
Elia Group SA/NV		2,373		345,756
Etablissements Franz Colruyt NV		559		15,559


	Number of Shares		Value
Belgium (Continued)
Groupe Bruxelles Lambert SA		259	$	19,663
KBC Group NV		154		7,337
Proximus SADP		4,452		56,765
Sofina SA		424		85,356
Solvay SA		517		41,922
Telenet Group Holding NV		1,575		22,442
UCB SA		921		64,920
Umicore SA (b)		2,279		72,760
Warehouses De Pauw CVA REIT		6,800		207,730

(Cost $1,313,835)				1,051,606

Bermuda — 0.0%
Hiscox Ltd. (Cost $11,439)		934		9,757

Canada — 5.6%
Agnico Eagle Mines Ltd.		460		19,024
Alimentation Couche-Tard, Inc.		2,172		93,607
Bank of Montreal		188		17,406
Bank of Nova Scotia (b)		87		4,824
Barrick Gold Corp.		2,588		38,535
BCE, Inc. (b)		1,078		52,171
Brookfield Asset Management, Inc., Class A		200		9,649
Canadian Imperial Bank of Commerce		510		24,188
Canadian National Railway Co.		532		63,449
Canadian Pacific Railway Ltd.		113		8,484
Canadian Tire Corp. Ltd., Class A		1,157		136,471
Canadian Utilities Ltd., Class A		3,303		101,340
CGI, Inc.*		2,172		172,486
Constellation Software, Inc.		50		75,482
Dollarama, Inc.		2,306		140,832
Enbridge, Inc.		1,581		65,384
Fairfax Financial Holdings Ltd.		187		93,491
Fortis, Inc.		3,641		161,087
Franco-Nevada Corp.		764		92,116
George Weston Ltd.		2,228		255,448
Great-West Lifeco, Inc.		912		21,484
Hydro One Ltd., 144A		4,067		110,433
IGM Financial, Inc.		2,690		73,433
Imperial Oil Ltd.		464		22,839
Intact Financial Corp.		1,300		188,855
Loblaw Cos. Ltd.		2,697		239,035
Magna International, Inc.		652		37,773
Manulife Financial Corp.		2,065		35,825
Metro, Inc.		6,601		348,196
National Bank of Canada		1,023		67,874
Nutrien Ltd.		863		79,453
Power Corp. of Canada		2,882		74,317
Restaurant Brands International, Inc.		299		17,701
Rogers Communications, Inc., Class B		2,657		114,732
Royal Bank of Canada		133		12,403
Saputo, Inc.		1,906		48,538
Shaw Communications, Inc., Class B		4,675		120,231
Sun Life Financial, Inc.		1,452		64,151
Suncor Energy, Inc.		2,350		76,246
TC Energy Corp.		1,502		72,588
Teck Resources Ltd., Class B		523		17,763


	Number of Shares		Value
Canada (Continued)
TELUS Corp.		1,976	$	44,632
Thomson Reuters Corp.		954		105,351
Toronto-Dominion Bank		226		14,581
Wheaton Precious Metals Corp.		1,747		53,480

(Cost $3,318,102)				3,687,388

Chile — 0.0%
Antofagasta PLC (Cost $15,315)		1,071		13,721

China — 0.3%
Lenovo Group Ltd.		51,620		42,749
Tingyi Cayman Islands Holding Corp.		29,809		53,019
Uni-President China Holdings Ltd.		12,678		10,935
Want Want China Holdings Ltd.		108,513		76,592

(Cost $197,413)				183,295

Czech Republic — 0.1%
Avast PLC, 144A (Cost $30,523)		4,060		33,400

Denmark — 1.1%
A.P. Moller — Maersk A/S, Class A		25		58,678
A.P. Moller — Maersk A/S, Class B		23		55,212
Carlsberg A/S, Class B		1,202		156,956
Chr Hansen Holding A/S		173		10,109
Coloplast A/S, Class B		453		51,950
Danske Bank A/S		1,179		15,810
Demant A/S*		824		25,456
DSV A/S		170		25,202
Genmab A/S*		110		39,263
GN Store Nord AS		172		4,890
Novo Nordisk A/S, Class B		316		33,859
Novozymes A/S, Class B		1,339		77,049
Pandora A/S		215		12,997
ROCKWOOL A/S, Class B		83		17,175
Royal Unibrew A/S		1,160		87,294
SimCorp A/S		206		15,129
Tryg A/S		1,654		37,491
Vestas Wind Systems A/S		176		4,436

(Cost $800,234)				728,956

Finland — 2.1%
Elisa OYJ		2,631		140,905
Fortum OYJ		7,123		73,380
Huhtamaki OYJ		413		14,502
Kesko OYJ, Class B		8,481		178,919
Kojamo OYJ		15,228		255,872
Kone OYJ, Class B		960		38,536
Metso Outotec OYJ		634		4,985
Neste OYJ		190		9,409
Nokia OYJ		7,714		38,877
Nokian Renkaat OYJ		3,984		41,543
Nordea Bank Abp		2,185		20,363
Orion OYJ, Class B		2,319		105,331
Sampo OYJ, Class A		3,048		138,228
Stora Enso OYJ, Class R		5,306		79,365
UPM-Kymmene OYJ		3,234		110,209


	Number of Shares		Value
Finland (Continued)
Valmet OYJ (b)		3,318	$	84,411
Wartsila OYJ Abp		4,618		38,236

(Cost $1,838,507)				1,373,071

France — 3.6%
Air Liquide SA		298		37,517
Airbus SE		45		4,430
ALD SA, 144A		1,205		13,159
Amundi SA, 144A		361		18,404
Arkema SA		1,395		118,363
AXA SA		507		11,993
BioMerieux		223		20,464
BNP Paribas SA		153		7,152
Bollore SE		12,105		58,134
Bouygues SA		2,500		73,657
Bureau Veritas SA		2,134		53,153
Capgemini SE		252		43,838
Carrefour SA		14,015		234,504
Cie de L’Odet SE		14		16,077
Cie de Saint-Gobain		2,616		106,141
Cie Generale des Etablissements Michelin SCA		5,244		128,163
Credit Agricole SA		478		4,417
Danone SA		1,316		69,487
Dassault Systemes SE		407		15,787
Edenred		549		27,878
Eiffage SA		1,422		125,630
Engie SA		7,279		86,867
EssilorLuxottica SA		134		20,111
Euroapi SA*		13		203
Gecina SA REIT		193		17,263
Getlink SE		663		12,527
Hermes International		6		7,738
ICADE REIT		131		5,791
Ipsen SA		413		39,681
JCDecaux SA*		375		5,215
Kering SA		27		13,656
La Francaise des Jeux SAEM, 144A		207		6,738
Legrand SA		1,163		84,528
L’Oreal SA		25		8,629
LVMH Moet Hennessy Louis Vuitton SE		10		6,511
Orange SA		17,867		181,422
Pernod Ricard SA		230		42,451
Publicis Groupe SA		1,875		91,914
Remy Cointreau SA		130		24,223
Renault SA*		331		9,522
Rexel SA*		1,504		24,500
Sanofi		302		24,956
Sartorius Stedim Biotech		14		5,148
Schneider Electric SE		221		26,396
SCOR SE		421		6,989
SEB SA		356		26,490
Societe Generale SA		548		12,167
Sodexo SA		286		21,983
Somfy SA		125		13,851
Teleperformance		225		64,323
Thales SA		241		29,117
TotalEnergies SE (b)		685		34,915


	Number of Shares		Value
France (Continued)
Ubisoft Entertainment SA*		241	$	11,150
Veolia Environnement SA		3,800		85,134
Vinci SA		642		59,553
Vivendi SE		4,496		40,933

(Cost $2,697,722)				2,340,943

Germany — 3.4%
1&1 AG		255		4,103
adidas AG		51		7,604
Allianz SE		38		6,442
BASF SE		1,344		56,856
Bayer AG		446		23,590
Bayerische Motoren Werke AG		488		36,052
Bechtle AG		603		23,181
Beiersdorf AG		657		66,461
Brenntag SE		2,504		164,721
Carl Zeiss Meditec AG		146		18,234
Continental AG		115		6,647
Covestro AG, 144A		3,321		100,584
Daimler Truck Holding AG*		1,049		26,924
Deutsche Bank AG (c)		490		4,101
Deutsche Boerse AG		94		15,922
Deutsche Post AG		2,037		74,548
Deutsche Telekom AG		3,420		64,612
Deutsche Wohnen SE		179		4,075
E.ON SE		31,127		266,361
Evonik Industries AG		1,750		32,722
Fielmann AG		79		2,941
Fresenius Medical Care AG & Co. KGaA		1,540		52,945
Fresenius SE & Co. KGaA		2,016		49,990
FUCHS PETROLUB SE		574		13,391
GEA Group AG		3,205		111,798
Hannover Rueck SE		134		19,794
HeidelbergCement AG		1,420		64,397
Hella GmbH & Co. KGaA		191		13,502
Henkel AG & Co. KGaA		269		16,852
HOCHTIEF AG		84		4,162
Infineon Technologies AG		138		3,372
KION Group AG		111		4,446
Knorr-Bremse AG		274		13,321
LANXESS AG		1,032		34,920
LEG Immobilien SE		1,730		131,027
Mercedes-Benz Group AG		491		27,708
Merck KGaA		614		105,824
METRO AG*		2,639		21,070
MTU Aero Engines AG		94		16,631
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		78		18,683
Nemetschek SE		100		5,923
Puma SE		191		11,719
Rational AG		13		7,039
Rheinmetall AG		435		69,286
RWE AG		4,269		163,466
SAP SE		79		6,747
Scout24 SE, 144A		114		6,596
Siemens AG		100		10,164
Siemens Healthineers AG, 144A		193		9,457


	Number of Shares		Value
Germany (Continued)
Symrise AG		224	$	23,504
Talanx AG		237		8,412
Telefonica Deutschland Holding AG		28,841		74,968
Uniper SE (b)		3,943		21,351
United Internet AG		1,202		27,255
Vantage Towers AG		157		4,076
Vonovia SE		848		23,023
Wacker Chemie AG		73		10,427
Zalando SE, 144A*		64		1,487

(Cost $2,926,324)				2,215,414

Hong Kong — 2.3%
AIA Group Ltd.		1,932		18,695
ASMPT Ltd.		1,600		12,445
Bank of East Asia Ltd.		7,585		9,567
BOC Hong Kong Holdings Ltd.		8,121		28,040
Cafe de Coral Holdings Ltd.		1,846		2,648
Chow Tai Fook Jewellery Group Ltd.		12,864		25,994
CK Asset Holdings Ltd.		12,942		87,557
CK Hutchison Holdings Ltd.		23,641		152,861
CK Infrastructure Holdings Ltd.		6,589		40,127
CLP Holdings Ltd.		11,173		96,372
Dah Sing Financial Holdings Ltd.		1,898		5,066
ESR Group Ltd., 144A*		1,724		4,843
First Pacific Co. Ltd.		33,838		13,063
Haitong International Securities Group Ltd.		9,084		1,007
Hang Lung Group Ltd.		6,039		10,233
Hang Seng Bank Ltd.		1,383		21,673
Henderson Land Development Co. Ltd.		6,439		21,576
Hong Kong & China Gas Co. Ltd.		39,836		39,334
Hong Kong Exchanges & Clearing Ltd.		514		20,812
Hutchison Port Holdings Trust, Class U		240,600		51,729
Hutchison Telecommunications Hong Kong Holdings Ltd.		92,544		13,677
Jardine Matheson Holdings Ltd.		400		21,240
Kerry Logistics Network Ltd.		14,502		31,928
Kerry Properties Ltd.		27,641		63,813
Link REIT		3,075		23,840
MTR Corp. Ltd.		1,551		7,954
New World Development Co. Ltd.		3,521		11,507
NWS Holdings Ltd.		10,783		10,386
PCCW Ltd.		100,964		50,554
Power Assets Holdings Ltd.		33,400		200,004
Sino Land Co. Ltd.		70,505		103,303
SITC International Holdings Co. Ltd.		9,461		24,108
Sun Hung Kai Properties Ltd.		2,772		32,598
Swire Pacific Ltd., Class A		1,908		13,212
Swire Pacific Ltd., Class B		2,738		3,181
Swire Properties Ltd.		1,769		4,089
Techtronic Industries Co. Ltd.		2,522		29,947
Towngas Smart Energy Co. Ltd.*		47,385		20,828
Vinda International Holdings Ltd.		1,877		5,249
VTech Holdings Ltd.		9,227		62,835
WH Group Ltd., 144A		62,212		42,485
Wharf Holdings Ltd.		10,591		39,941


	Number of Shares		Value
Hong Kong (Continued)
Xinyi Glass Holdings Ltd.		12,562	$	23,303
Yue Yuen Industrial Holdings Ltd.		3,191		4,765

(Cost $1,591,059)				1,508,389

Ireland — 0.9%
CRH PLC		2,003		74,011
DCC PLC		1,067		61,619
Experian PLC		2,128		64,949
Glanbia PLC		5,235		66,696
James Hardie Industries PLC CDI		4,577		105,146
Kerry Group PLC, Class A		601		62,156
Kingspan Group PLC		560		31,895
Smurfit Kappa Group PLC		3,632		122,306

(Cost $662,828)				588,778

Israel — 3.0%
Airport City Ltd.*		1,161		24,428
Alony Hetz Properties & Investments Ltd.		1,915		31,081
Amot Investments Ltd.		3,370		24,213
Ashtrom Group Ltd.		197		5,034
Azrieli Group Ltd.		182		15,183
Bank Hapoalim BM		11,700		122,049
Bank Leumi Le-Israel BM		15,683		166,710
Bezeq The Israeli Telecommunication Corp. Ltd.		101,543		171,861
Big Shopping Centers Ltd.		45		6,464
Elbit Systems Ltd.		514		110,188
Elco Ltd. (b)		494		34,899
Electra Ltd.		81		51,623
Energix-Renewable Energies Ltd.		1,349		6,193
Enlight Renewable Energy Ltd.*		2,635		6,465
First International Bank Of Israel Ltd.		1,362		63,710
Fox Wizel Ltd.		65		9,473
Gav-Yam Lands Corp. Ltd.		7,330		75,075
Harel Insurance Investments & Financial Services Ltd.		3,457		39,491
ICL Group Ltd.		15,905		153,004
Israel Corp. Ltd.*		30		14,610
Israel Discount Bank Ltd., Class A		30,924		190,111
Maytronics Ltd.		1,059		15,300
Mivne Real Estate KD Ltd.		23,051		85,096
Mizrahi Tefahot Bank Ltd.		3,691		150,904
Nice Ltd.*		435		94,455
Nova Ltd.*		246		24,286
Paz Oil Co. Ltd.*		48		6,307
Phoenix Holdings Ltd.		5,385		65,239
Sapiens International Corp NV		195		4,425
Shapir Engineering and Industry Ltd.		2,632		25,232
Shufersal Ltd.		9,503		65,221
Strauss Group Ltd.		2,035		53,438
Tower Semiconductor Ltd.*		1,258		59,223

(Cost $1,651,884)				1,970,991

Italy — 1.7%
A2A SpA		47,011		52,921
Amplifon SpA		550		14,407
Assicurazioni Generali SpA		2,109		31,047


	Number of Shares		Value
Italy (Continued)
Atlantia SpA		412	$	9,458
Banca Mediolanum SpA		986		6,324
Buzzi Unicem SpA		1,287		21,645
Davide Campari-Milano NV		3,981		39,262
De’ Longhi SpA		650		11,418
DiaSorin SpA		94		12,378
Enel SpA		3,091		14,594
Eni SpA		10,446		124,031
Ferrari NV		216		41,963
FinecoBank Banca Fineco SpA		1,440		15,660
Hera SpA		32,594		81,937
Infrastrutture Wireless Italiane SpA, 144A		1,356		12,626
Interpump Group SpA		905		32,160
Intesa Sanpaolo SpA		7,935		13,748
Italgas SpA		17,988		92,881
Leonardo SpA		505		4,147
Mediobanca Banca di Credito Finanziario SpA		968		7,697
Moncler SpA		966		43,362
Pirelli & C SpA, 144A		8,421		32,008
Poste Italiane SpA, 144A		1,173		9,427
Prysmian SpA		4,348		133,831
Recordati Industria Chimica e Farmaceutica SpA		1,085		44,448
Reply SpA		267		31,627
Snam SpA		12,906		61,462
Telecom Italia SpA*		73,984		15,325
Telecom Italia SpA-RSP*		55,952		11,129
Terna — Rete Elettrica Nazionale		14,424		102,979
UniCredit SpA		508		5,005
UnipolSai Assicurazioni SpA (b)		3,792		8,450

(Cost $1,451,351)				1,139,357

Japan — 25.2%
ABC-Mart, Inc. (b)		263		10,643
Acom Co. Ltd.		2,000		4,790
Activia Properties, Inc. REIT		4		12,480
Advance Residence Investment Corp. REIT		9		23,892
Advantest Corp.		100		5,771
Aeon Co. Ltd. (b)		1,049		20,602
AEON REIT Investment Corp. REIT		15		17,010
AGC, Inc.		8,954		306,810
Aica Kogyo Co. Ltd.		914		20,340
Ain Holdings, Inc.		500		28,747
Air Water, Inc.		3,600		45,446
Aisin Corp.		3,193		95,704
Ajinomoto Co., Inc.		3,300		91,912
Alfresa Holdings Corp.		300		3,612
Amada Co. Ltd.		4,243		33,577
Amano Corp.		1,000		18,676
Anritsu Corp.		200		2,381
Aozora Bank Ltd.		1,000		19,398
Ariake Japan Co. Ltd.		200		6,839
As One Corp.		200		9,277
Asahi Group Holdings Ltd.		1,592		53,666
Asahi Intecc Co. Ltd.		216		3,903
Asahi Kasei Corp.		5,419		39,990


	Number of Shares		Value
Japan (Continued)
Asics Corp.		400	$	7,393
ASKUL Corp.		400		5,330
Astellas Pharma, Inc.		6,983		99,966
Azbil Corp.		1,113		32,035
Bandai Namco Holdings, Inc.		800		60,509
Benesse Holdings, Inc.		1,000		15,805
Bic Camera, Inc.		1,700		13,980
BIPROGY, Inc.		600		13,418
Bridgestone Corp.		3,824		147,664
Brother Industries Ltd.		2,042		39,419
Calbee, Inc.		1,080		21,510
Canon Marketing Japan, Inc.		1,400		31,964
Canon, Inc.		13,422		322,903
Capcom Co. Ltd.		408		11,214
Chiba Bank Ltd.		3,700		20,071
Chubu Electric Power Co., Inc.		11,831		120,678
Chugai Pharmaceutical Co. Ltd.		400		10,414
Chugoku Bank Ltd.		800		5,390
Chugoku Electric Power Co., Inc.		3,283		19,751
Coca-Cola Bottlers Japan Holdings, Inc.		400		4,123
COMSYS Holdings Corp.		2,734		51,160
Concordia Financial Group Ltd.		2,900		9,247
Cosmo Energy Holdings Co. Ltd.		200		5,980
Cosmos Pharmaceutical Corp.		190		20,134
Credit Saison Co. Ltd.		2,000		25,277
CyberAgent, Inc.		800		7,900
Dai Nippon Printing Co. Ltd.		5,407		114,556
Daicel Corp.		12,527		79,341
Daido Steel Co. Ltd.		255		7,211
Daifuku Co. Ltd.		126		7,444
Dai-ichi Life Holdings, Inc.		2,800		48,617
Daiichi Sankyo Co. Ltd.		200		6,055
Daikin Industries Ltd.		184		32,499
Daio Paper Corp.		2,600		24,495
Daito Trust Construction Co. Ltd.		2,285		226,481
Daiwa House Industry Co. Ltd.		5,602		126,729
Daiwa House REIT Investment Corp. REIT (b)		15		34,842
Daiwa Office Investment Corp. REIT		1		5,078
Daiwa Securities Group, Inc.		17,145		75,271
DeNA Co. Ltd.		500		6,882
Denka Co. Ltd.		600		14,478
Denso Corp.		344		18,986
Dentsu Group, Inc.		2,800		91,196
DIC Corp.		1,600		28,913
Disco Corp.		133		32,812
DMG Mori Co. Ltd.		700		9,210
Dowa Holdings Co. Ltd.		700		26,611
Ebara Corp.		3,000		115,131
Electric Power Development Co. Ltd.		8,976		138,824
ENEOS Holdings, Inc.		21,320		80,528
EXEO Group, Inc.		1,372		21,200
Ezaki Glico Co. Ltd.		900		23,535
Fancl Corp.		200		4,083
FANUC Corp.		96		15,606
Food & Life Cos. Ltd.		184		2,935
FP Corp.		400		9,479


	Number of Shares		Value
Japan (Continued)
Fuji Electric Co. Ltd.		888	$	38,883
Fuji Media Holdings, Inc.		800		6,377
FUJIFILM Holdings Corp.		2,151		110,339
Fujitsu General Ltd.		700		14,957
Fujitsu Ltd.		642		76,716
Fukuoka Financial Group, Inc.		900		16,140
Fukuyama Transporting Co. Ltd.		600		13,764
Fuyo General Lease Co. Ltd.		200		11,888
GLP J REIT		18		22,061
GS Yuasa Corp.		638		11,704
GungHo Online Entertainment, Inc.		800		13,354
H.U. Group Holdings, Inc.		700		14,316
Hachijuni Bank Ltd.		4,500		15,517
Hakuhodo DY Holdings, Inc.		569		5,135
Hamamatsu Photonics KK		850		36,483
Hankyu Hanshin Holdings, Inc.		167		5,042
Haseko Corp.		5,797		66,909
Heiwa Corp.		400		6,117
Hino Motors Ltd.		3,059		14,079
Hirogin Holdings, Inc.		1,600		7,075
Hirose Electric Co. Ltd.		340		48,685
Hitachi Construction Machinery Co. Ltd.		200		4,154
Hitachi Ltd.		2,546		128,489
Hitachi Metals Ltd.*		1,100		16,608
Hitachi Transport System Ltd.		1,680		106,405
Honda Motor Co. Ltd.		2,445		65,682
Horiba Ltd.		600		27,657
Hoshizaki Corp.		426		12,753
House Foods Group, Inc.		857		18,287
Hoya Corp.		500		51,398
Hulic Co. Ltd.		3,548		27,130
Idemitsu Kosan Co. Ltd.		1,225		32,254
IHI Corp.		300		8,083
Iida Group Holdings Co. Ltd.		3,400		52,070
Industrial & Infrastructure Fund Investment Corp. REIT		15		19,888
INFRONEER Holdings, Inc.*		10,284		73,963
Inpex Corp.		17,399		201,320
Internet Initiative Japan, Inc.		1,300		47,546
Isetan Mitsukoshi Holdings Ltd.		700		5,565
Isuzu Motors Ltd.		7,800		97,398
Ito En Ltd.		100		4,429
ITOCHU Corp.		4,536		125,748
Itochu Techno-Solutions Corp.		500		12,750
Itoham Yonekyu Holdings, Inc.		7,000		34,034
Iwatani Corp.		1,000		41,118
Iyo Bank Ltd.		1,000		4,674
Izumi Co. Ltd.		300		6,514
J. Front Retailing Co. Ltd. (b)		1,065		8,497
Japan Aviation Electronics Industry Ltd.		600		10,128
Japan Exchange Group, Inc.		500		7,519
Japan Logistics Fund, Inc. REIT		6		14,305
Japan Metropolitan Fund Invest REIT (b)		18		14,361
Japan Post Holdings Co. Ltd.		3,500		24,271
Japan Post Insurance Co. Ltd.		700		10,766
Japan Prime Realty Investment Corp. REIT		7		20,830


	Number of Shares		Value
Japan (Continued)
Japan Real Estate Investment Corp. REIT		6	$	27,917
Japan Steel Works Ltd.		200		4,318
Japan Tobacco, Inc.		9,564		162,821
JFE Holdings, Inc. (b)		4,200		45,446
JSR Corp.		1,032		23,301
JTEKT Corp.		700		4,974
Kadokawa Corp.		400		8,772
Kagome Co. Ltd.		365		8,096
Kajima Corp.		15,600		165,312
Kakaku.com, Inc.		386		7,209
Kaken Pharmaceutical Co. Ltd.		647		18,062
Kamigumi Co. Ltd.		5,632		110,791
Kandenko Co. Ltd.		5,292		32,029
Kaneka Corp.		1,122		30,352
Kansai Electric Power Co., Inc.		18,411		178,764
Kansai Paint Co. Ltd.		1,088		16,859
Kao Corp.		553		24,154
Kawasaki Heavy Industries Ltd.		243		4,756
KDDI Corp.		4,129		127,392
Keisei Electric Railway Co. Ltd.		100		2,813
Kenedix Office Investment Corp. REIT		3		15,582
Kewpie Corp.		3,759		62,124
Keyence Corp.		28		10,673
Kikkoman Corp.		773		47,732
Kinden Corp.		4,800		50,969
Kirin Holdings Co. Ltd.		3,712		61,440
Kobayashi Pharmaceutical Co. Ltd.		426		24,369
Kobe Bussan Co. Ltd.		600		15,452
Kobe Steel Ltd.		1,300		5,964
Koei Tecmo Holdings Co. Ltd.		162		5,487
Koito Manufacturing Co. Ltd.		300		10,355
Kokuyo Co. Ltd.		4,400		57,133
Komatsu Ltd.		1,170		24,729
Konami Group Corp.		682		34,832
Kose Corp.		100		9,551
K’s Holdings Corp.		6,211		57,574
Kubota Corp.		1,900		29,818
Kuraray Co. Ltd.		6,981		53,431
Kurita Water Industries Ltd.		1,828		71,999
Kyocera Corp.		972		54,537
Kyowa Kirin Co. Ltd.		1,100		24,876
Kyudenko Corp.		499		10,119
Kyushu Electric Power Co., Inc.		10,564		63,708
LaSalle Logiport REIT (b)		16		19,864
Lawson, Inc. (b)		1,100		36,581
Lintec Corp.		3,713		62,354
Lion Corp.		906		10,653
Lixil Corp.		1,411		24,825
Mabuchi Motor Co. Ltd.		400		11,455
Makita Corp.		1,218		29,004
Marubeni Corp.		19,791		207,297
Marui Group Co. Ltd.		779		14,094
Maruichi Steel Tube Ltd.		3,450		74,139
MatsukiyoCocokara & Co.		697		27,855
Mazda Motor Corp.		3,800		33,744
Mebuki Financial Group, Inc.		5,900		11,364
Medipal Holdings Corp.		4,851		66,733


	Number of Shares		Value
Japan (Continued)
MEIJI Holdings Co. Ltd.		2,669	$	127,650
MINEBEA MITSUMI, Inc.		1,471		25,658
MISUMI Group, Inc.		2,140		53,259
Mitsubishi Chemical Group Corp.		22,402		118,454
Mitsubishi Corp.		3,436		113,125
Mitsubishi Electric Corp.		9,374		95,921
Mitsubishi Estate Co. Ltd.		1,900		25,767
Mitsubishi Gas Chemical Co., Inc.		1,067		16,018
Mitsubishi HC Capital, Inc.		2,950		14,386
Mitsubishi Heavy Industries Ltd.		1,213		47,024
Mitsubishi Logistics Corp.		1,100		28,804
Mitsubishi Materials Corp.		1,600		24,019
Mitsubishi UFJ Financial Group, Inc.		1,200		6,242
Mitsui & Co. Ltd.		10,225		240,901
Mitsui Chemicals, Inc.		2,800		63,524
Mitsui Fudosan Co. Ltd.		1,100		22,405
Mitsui Fudosan Logistics Park, Inc. REIT		3		11,794
Mitsui Mining & Smelting Co. Ltd.		300		7,142
Mitsui OSK Lines Ltd. (b)		1,274		33,590
Mizuho Financial Group, Inc.		1,980		22,760
Mori Hills REIT Investment Corp. REIT		11		12,410
Morinaga & Co. Ltd.		500		14,355
Morinaga Milk Industry Co. Ltd.		800		24,613
MS&AD Insurance Group Holdings, Inc. (b)		1,300		39,021
Murata Manufacturing Co. Ltd.		317		17,274
Nabtesco Corp.		400		9,594
Nagase & Co. Ltd.		5,465		79,082
Nagoya Railroad Co. Ltd.		300		4,670
Nankai Electric Railway Co. Ltd.		718		14,378
NEC Corp.		200		7,358
NEC Networks & System Integration Corp.		1,900		23,903
NGK Insulators Ltd.		3,477		50,139
NGK Spark Plug Co. Ltd.		3,402		70,335
NH Foods Ltd.		800		23,026
NHK Spring Co. Ltd.		3,800		25,904
Nichirei Corp.		1,400		25,157
Nifco, Inc.		861		19,627
Nihon Kohden Corp.		1,700		39,181
Nikon Corp.		600		6,895
Nintendo Co. Ltd.		150		61,666
Nippon Accommodations Fund, Inc. REIT (b)		4		19,708
Nippon Building Fund, Inc. REIT		11		55,069
Nippon Electric Glass Co. Ltd.		4,600		87,338
NIPPON EXPRESS HOLDINGS, Inc.		1,136		63,018
Nippon Kayaku Co. Ltd.		7,800		68,364
Nippon Prologis REIT, Inc. REIT		9		22,756
Nippon Sanso Holdings Corp.		1,259		23,105
Nippon Shinyaku Co. Ltd.		400		22,074
Nippon Shokubai Co. Ltd.		300		11,989
Nippon Steel Corp.		2,913		46,408
Nippon Telegraph & Telephone Corp.		1,891		51,413
Nippon Television Holdings, Inc.		700		5,989
Nippon Yusen KK (b)		500		38,557
Nipro Corp.		600		4,917


	Number of Shares		Value
Japan (Continued)
Nissan Chemical Corp.		1,283	$	65,434
Nissan Motor Co. Ltd.		8,100		32,131
Nisshin Seifun Group, Inc.		2,578		29,197
Nissin Foods Holdings Co. Ltd.		1,384		99,438
Nitori Holdings Co. Ltd.		232		22,409
Nitto Denko Corp.		1,243		77,292
Noevir Holdings Co. Ltd.		300		12,509
NOF Corp.		1,107		42,324
NOK Corp.		500		4,483
Nomura Holdings, Inc.		3,800		13,810
Nomura Real Estate Holdings, Inc.		586		14,478
Nomura Real Estate Master Fund, Inc. REIT (b)		15		18,417
Nomura Research Institute Ltd.		430		11,756
NS Solutions Corp.		300		8,234
NTT Data Corp.		1,417		20,178
Obayashi Corp.		7,362		51,302
Obic Co. Ltd.		200		29,966
Oji Holdings Corp.		12,088		48,570
Olympus Corp.		200		4,343
Omron Corp.		300		15,993
Ono Pharmaceutical Co. Ltd.		2,377		57,065
Open House Group Co. Ltd.		680		26,832
ORIX Corp.		7,036		116,535
Orix JREIT, Inc. REIT (b)		13		17,959
Osaka Gas Co. Ltd.		14,929		252,433
OSG Corp.		2,000		27,845
Otsuka Corp.		808		26,404
Otsuka Holdings Co. Ltd.		1,534		50,471
PALTAC Corp.		382		11,091
Pan Pacific International Holdings Corp.		699		12,631
Panasonic Holdings Corp.		3,772		30,829
Penta-Ocean Construction Co. Ltd.		1,720		9,144
Persol Holdings Co. Ltd.		1,229		25,001
Recruit Holdings Co. Ltd.		326		10,543
Relo Group, Inc.		200		3,252
Rengo Co. Ltd.		6,212		36,835
Resona Holdings, Inc.		10,500		38,804
Resorttrust, Inc.		500		8,083
Ricoh Co. Ltd.		4,000		31,654
Rinnai Corp.		517		39,980
Rohm Co. Ltd.		114		8,651
Rohto Pharmaceutical Co. Ltd.		1,911		57,968
Ryohin Keikaku Co. Ltd.		500		4,689
Sankyo Co. Ltd.		1,209		35,670
Sankyu, Inc.		700		21,688
Santen Pharmaceutical Co. Ltd.		1,600		11,611
Sanwa Holdings Corp.		5,500		54,950
Sapporo Holdings Ltd.		1,100		24,242
Sawai Group Holdings Co. Ltd.		300		8,905
SCREEN Holdings Co. Ltd.		100		6,766
SCSK Corp.		600		9,868
Secom Co. Ltd.		1,735		111,666
Sega Sammy Holdings, Inc.		600		8,972
Seiko Epson Corp.		2,351		37,243
Seino Holdings Co. Ltd.		2,700		21,619
Sekisui Chemical Co. Ltd.		3,901		53,636


	Number of Shares		Value
Japan (Continued)
Sekisui House Ltd.		10,736	$	183,858
Sekisui House Reit, Inc. REIT		23		14,003
Seven & i Holdings Co. Ltd. (b)		2,500		99,784
Seven Bank Ltd.		7,800		14,854
SG Holdings Co. Ltd.		4,260		71,264
Shikoku Electric Power Co., Inc.		5,500		32,216
Shimadzu Corp.		2,496		73,642
Shimamura Co. Ltd.		500		45,591
Shimano, Inc.		400		71,618
Shimizu Corp.		4,746		26,225
Shin-Etsu Chemical Co. Ltd.		300		35,307
Shinko Electric Industries Co. Ltd.		300		8,505
Shionogi & Co. Ltd.		1,800		88,348
Shiseido Co. Ltd.		400		15,279
Shizuoka Bank Ltd.		2,100		12,210
SHO-BOND Holdings Co. Ltd.		1,149		49,980
Showa Denko KK		500		7,773
Skylark Holdings Co. Ltd.*		2,100		23,238
SMC Corp.		67		32,189
SMS Co. Ltd.		300		6,958
SoftBank Corp.		4,405		48,602
Sohgo Security Services Co. Ltd.		887		23,131
Sojitz Corp.		10,220		173,252
Sompo Holdings, Inc.		2,700		116,336
Sony Group Corp.		408		32,772
Square Enix Holdings Co. Ltd.		400		17,515
Stanley Electric Co. Ltd.		1,331		24,839
Subaru Corp.		5,264		96,280
Sugi Holdings Co. Ltd.		335		14,306
Sumitomo Bakelite Co. Ltd.		600		19,131
Sumitomo Chemical Co. Ltd.		32,500		128,945
Sumitomo Corp.		6,632		94,008
Sumitomo Electric Industries Ltd.		4,426		51,164
Sumitomo Forestry Co. Ltd.		4,183		71,545
Sumitomo Heavy Industries Ltd.		2,449		51,921
Sumitomo Metal Mining Co. Ltd.		1,169		37,147
Sumitomo Mitsui Financial Group, Inc.		500		15,127
Sumitomo Mitsui Trust Holdings, Inc.		800		25,023
Sumitomo Realty & Development Co. Ltd.		771		19,021
Sumitomo Rubber Industries Ltd.		6,600		57,133
Sundrug Co. Ltd.		788		19,384
Suntory Beverage & Food Ltd.		2,574		94,697
Suzuken Co. Ltd.		1,584		38,107
Suzuki Motor Corp.		2,242		78,909
Sysmex Corp.		127		7,882
T&D Holdings, Inc.		3,741		41,046
Taiheiyo Cement Corp.		1,700		25,618
Taisei Corp.		2,134		65,194
Taisho Pharmaceutical Holdings Co. Ltd.		200		7,488
Taiyo Yuden Co. Ltd.		100		3,138
Takara Bio, Inc.		300		4,233
Takara Holdings, Inc.		500		3,823
Takashimaya Co. Ltd.		1,300		14,470
Takeda Pharmaceutical Co. Ltd.		500		13,886
TDK Corp.		330		11,700
TechnoPro Holdings, Inc.		1,087		24,779
Teijin Ltd.		2,720		28,941


	Number of Shares		Value
Japan (Continued)
Terumo Corp.		416	$	13,522
TIS, Inc.		1,300		37,417
Tobu Railway Co. Ltd.		700		16,638
Toda Corp.		900		4,467
Toho Co. Ltd.		1,359		52,056
Tohoku Electric Power Co., Inc.		5,919		29,547
Tokio Marine Holdings, Inc.		1,100		61,830
Tokyo Electric Power Co. Holdings, Inc.*		35,604		139,719
Tokyo Electron Ltd.		50		15,928
Tokyo Gas Co. Ltd.		9,159		172,576
Tokyo Ohka Kogyo Co. Ltd.		900		44,667
Tokyo Tatemono Co. Ltd.		2,000		30,225
Tokyu Corp.		1,900		22,738
Tokyu Fudosan Holdings Corp.		2,222		12,038
TOPPAN, Inc.		11,165		176,465
Toray Industries, Inc.		10,500		60,512
Toshiba Corp.		2,000		74,546
Toshiba TEC Corp.		391		11,748
Tosoh Corp.		5,141		67,014
TOTO Ltd.		380		13,254
Toyo Seikan Group Holdings Ltd.		6,121		73,165
Toyo Suisan Kaisha Ltd.		3,100		127,690
Toyo Tire Corp.		1,000		12,220
Toyoda Gosei Co. Ltd.		584		10,241
Toyota Boshoku Corp.		1,900		27,906
Toyota Industries Corp.		298		16,811
Toyota Motor Corp.		500		7,580
Toyota Tsusho Corp.		1,123		39,735
Trend Micro, Inc.		1,539		95,698
TS Tech Co. Ltd.		3,358		37,886
Tsumura & Co.		300		6,914
Tsuruha Holdings, Inc.		128		7,156
UBE Corp.		3,293		48,816
Ulvac, Inc.		400		15,784
Unicharm Corp.		1,077		37,688
United Urban Investment Corp. REIT		14		14,967
Ushio, Inc.		1,701		20,897
USS Co. Ltd.		3,000		53,324
Welcia Holdings Co. Ltd.		842		17,754
Yakult Honsha Co. Ltd.		1,100		65,306
Yamada Holdings Co. Ltd.		8,857		30,796
Yamaguchi Financial Group, Inc.		1,800		9,920
Yamaha Corp.		481		18,945
Yamaha Motor Co. Ltd.		5,100		106,654
Yamato Holdings Co. Ltd.		2,400		37,742
Yamato Kogyo Co. Ltd.		1,600		57,017
Yamazaki Baking Co. Ltd.		1,753		20,714
Yaoko Co. Ltd.		500		23,300
Yaskawa Electric Corp.		300		9,912
Yokogawa Electric Corp.		1,200		21,165
Yokohama Rubber Co. Ltd.		2,900		47,885
Zenkoku Hosho Co. Ltd.		838		27,898
Zensho Holdings Co. Ltd.		400		10,546
Zeon Corp.		1,459		14,135

(Cost $18,396,334)				16,622,362


	Number of Shares		Value
Jordan — 0.0%
Hikma Pharmaceuticals PLC (Cost $41,045)		1,547	$	23,635

Luxembourg — 0.2%
ArcelorMittal SA		409		9,770
Aroundtown SA		1,862		5,445
Eurofins Scientific SE		542		37,660
L’Occitane International SA		11,326		35,714
RTL Group SA		848		31,550
Tenaris SA		1,392		19,246

(Cost $163,880)				139,385

Netherlands — 2.3%
Aalberts NV		1,768		64,997
Akzo Nobel NV		965		61,171
ASM International NV		61		16,629
ASML Holding NV		19		9,259
ASR Nederland NV		1,021		41,755
BE Semiconductor Industries NV		304		14,487
CTP NV, 144A		314		4,281
Euronext NV, 144A		96		7,124
EXOR NV		129		7,817
Heineken Holding NV		550		39,156
Heineken NV		263		23,733
IMCD NV		463		64,155
ING Groep NV		511		4,504
JDE Peet’s NV		471		14,549
Koninklijke Ahold Delhaize NV		7,848		216,229
Koninklijke DSM NV		923		118,196
Koninklijke KPN NV		70,999		226,316
Koninklijke Philips NV		714		11,953
Koninklijke Vopak NV		377		8,317
NN Group NV		880		36,254
QIAGEN NV*		1,590		72,347
Randstad NV		3,667		171,425
Signify NV, 144A		1,678		47,869
Stellantis NV		3,403		45,696
Universal Music Group NV		666		13,264
Wolters Kluwer NV		1,773		173,720

(Cost $1,694,298)				1,515,203

New Zealand — 1.1%
Auckland International Airport Ltd.*		3,549		16,450
Contact Energy Ltd.		29,156		140,859
Fisher & Paykel Healthcare Corp. Ltd.		5,028		60,605
Fletcher Building Ltd.		27,573		94,668
Infratil Ltd.		2,340		12,984
Kiwi Property Group Ltd.		56,095		35,080
Mainfreight Ltd.		2,700		123,325
Mercury NZ Ltd.		4,670		16,606
Meridian Energy Ltd.		8,708		26,721
Ryman Healthcare Ltd.		791		4,457
SKYCITY Entertainment Group Ltd.		8,900		15,551
Spark New Zealand Ltd.		58,464		194,276
Xero Ltd.*		92		5,535

(Cost $825,242)				747,117


	Number of Shares		Value
Norway — 1.2%
Aker BP ASA		1,091	$	38,224
DNB Bank ASA		255		4,882
Equinor ASA		1,839		70,916
Gjensidige Forsikring ASA		2,636		53,654
Leroy Seafood Group ASA		6,456		43,326
Mowi ASA		6,117		125,926
Nordic Semiconductor ASA*		648		9,990
Norsk Hydro ASA		7,967		54,991
Orkla ASA		13,803		116,025
Salmar ASA		528		35,088
Telenor ASA		5,249		57,651
TOMRA Systems ASA		3,322		76,103
Yara International ASA		2,885		122,503

(Cost $849,633)				809,279

Poland — 0.6%
Cyfrowy Polsat SA		14,914		61,658
Dino Polska SA, 144A*		393		28,785
KGHM Polska Miedz SA		617		11,637
Polski Koncern Naftowy ORLEN SA		13,779		179,061
Polskie Gornictwo Naftowe i Gazownictwo SA*		54,130		64,483
Powszechna Kasa Oszczednosci Bank Polski SA		2,367		11,864
Powszechny Zaklad Ubezpieczen SA		3,807		22,846
Santander Bank Polska SA		117		5,341

(Cost $555,620)				385,675

Portugal — 0.3%
EDP — Energias de Portugal SA		4,387		21,007
Galp Energia SGPS SA		1,366		14,828
Jeronimo Martins SGPS SA		7,972		177,159

(Cost $207,184)				212,994

Singapore — 3.4%
Ascendas Real Estate Investment Trust REIT		65,336		132,068
Ascott Residence Trust (a)		45,200		35,315
BOC Aviation Ltd., 144A		1,544		12,403
CapitaLand Integrated Commercial Trust REIT		78,174		115,992
Capitaland Investment Ltd.		17,800		47,080
City Developments Ltd.		2,800		16,317
ComfortDelGro Corp. Ltd.		109,244		110,411
DBS Group Holdings Ltd.		2,826		66,036
Frasers Logistics & Commercial Trust REIT		124,500		121,368
Genting Singapore Ltd.		48,600		26,998
Golden Agri-Resources Ltd.		331,800		66,593
Jardine Cycle & Carriage Ltd.		5,605		132,019
Kenon Holdings Ltd.		241		9,846
Keppel REIT		35,000		27,095
Keppel Corp. Ltd.		11,662		60,772
Keppel DC REIT		21,800		30,315
Mapletree Industrial Trust REIT		19,378		35,142
Mapletree Logistics Trust REIT		46,767		55,982
Mapletree Pan Asia Commercial Trust REIT		13,791		18,189


	Number of Shares		Value
Singapore (Continued)
NETLINK NBN MANAGEMENT PTE Ltd.		87,600	$	58,710
Olam Group Ltd.		44,964		47,378
Oversea-Chinese Banking Corp. Ltd.		11,362		98,464
SATS Ltd.*		2,065		5,980
Sembcorp Industries Ltd.		70,153		170,467
SIA Engineering Co. Ltd.*		8,100		14,399
Singapore Exchange Ltd.		21,880		148,836
Singapore Post Ltd.		56,800		23,614
Singapore Technologies Engineering Ltd.		45,928		122,795
Singapore Telecommunications Ltd.		38,666		72,615
StarHub Ltd.		42,400		37,382
Suntec Real Estate Investment Trust REIT		77,100		87,318
United Overseas Bank Ltd.		4,300		84,237
UOL Group Ltd.		6,229		30,897
Venture Corp. Ltd.		4,562		59,809
Wilmar International Ltd.		13,900		40,252
Wing Tai Holdings Ltd.		6,900		8,260

(Cost $2,227,250)				2,231,354

South Korea — 4.1%
AMOREPACIFIC Group		96		2,505
BGF retail Co. Ltd.		107		12,840
BNK Financial Group, Inc.		9,818		49,253
Cheil Worldwide, Inc.		2,991		48,972
CJ CheilJedang Corp.		165		50,269
CJ Corp.		328		19,177
CJ ENM Co. Ltd.		51		3,748
CJ Logistics Corp.*		91		8,062
Coway Co. Ltd.		991		47,196
Daewoo Engineering & Construction Co. Ltd.*		1,453		5,649
DB Insurance Co. Ltd.		1,438		64,183
DGB Financial Group, Inc.		5,218		29,064
DL E&C Co. Ltd.		516		15,798
Doosan Bobcat, Inc.		370		9,599
E-MART, Inc.		209		15,282
F&F Co. Ltd. / New		200		21,308
GS Engineering & Construction Corp.		877		19,769
GS Holdings Corp.		2,188		75,330
GS Retail Co. Ltd.		174		3,304
Hana Financial Group, Inc.		3,481		102,149
Hankook Tire & Technology Co. Ltd.		933		26,472
Hanwha Aerospace Co. Ltd.		200		12,172
Hanwha Corp.		908		21,621
HD Hyundai Co. Ltd.		107		5,056
Hite Jinro Co. Ltd.		417		9,509
Hotel Shilla Co. Ltd.		112		6,180
Hyundai Department Store Co. Ltd.		146		6,757
Hyundai Engineering & Construction Co. Ltd.		1,197		43,135
Hyundai Glovis Co. Ltd.		157		20,717
Hyundai Marine & Fire Insurance Co. Ltd.		2,000		47,101
Hyundai Mobis Co. Ltd.		162		26,040
Hyundai Steel Co.		126		3,099
Industrial Bank of Korea		5,760		41,212
Kakao Corp.		37		2,030
KB Financial Group, Inc.		3,007		111,171


	Number of Shares		Value
South Korea (Continued)
KCC Corp.		89	$	19,596
KEPCO Plant Service & Engineering Co. Ltd.		744		23,001
Kia Corp.		818		49,415
Korea Aerospace Industries Ltd.		407		18,562
Korea Electric Power Corp.*		3,868		60,584
Korea Gas Corp.		424		13,789
Korea Investment Holdings Co. Ltd.		342		14,523
Korea Zinc Co. Ltd.		236		118,569
Krafton, Inc.*		141		25,985
KT&G Corp.		4,072		253,292
LG Corp.		743		45,550
LG Display Co. Ltd.		1,035		12,071
LG Electronics, Inc.		321		24,239
LG H&H Co. Ltd.		9		4,791
LG Innotek Co. Ltd.		118		30,348
LG Uplus Corp.		10,652		91,584
Lotte Chemical Corp.		28		3,663
Lotte Chilsung Beverage Co. Ltd.		42		4,851
LOTTE Fine Chemical Co. Ltd.		249		13,124
Meritz Financial Group, Inc.		411		9,464
Mirae Asset Securities Co. Ltd.		2,210		10,839
NH Investment & Securities Co. Ltd.		3,804		28,298
NHN Corp.*		266		5,041
NongShim Co. Ltd.		245		54,951
Orion Corp.		153		11,256
Ottogi Corp.		15		5,372
Pan Ocean Co. Ltd.		820		3,157
POSCO Holdings, Inc.		413		78,737
Posco International Corp.		542		10,880
S-1 Corp.		550		23,932
Samsung C&T Corp.		335		30,180
Samsung Card Co. Ltd.		1,105		25,899
Samsung Electro-Mechanics Co. Ltd.		215		22,504
Samsung Electronics Co. Ltd.		200		8,927
Samsung Engineering Co. Ltd.*		760		13,324
Samsung Fire & Marine Insurance Co. Ltd.		810		118,089
Samsung Life Insurance Co. Ltd.		216		10,012
Samsung SDS Co. Ltd.		107		10,280
Samsung Securities Co. Ltd.		193		4,892
SD Biosensor, Inc.		739		19,420
Shinhan Financial Group Co. Ltd.		1,590		43,508
Shinsegae, Inc.		38		6,350
SK Bioscience Co. Ltd.*		43		3,633
SK Hynix, Inc.		220		15,658
SK Square Co. Ltd.*		1,152		34,882
SK Telecom Co. Ltd.		2,957		115,181
SK, Inc.		56		9,755
S-Oil Corp.		70		5,312
SSANGYONG C&E Co. Ltd.		771		3,937
Woori Financial Group, Inc.		12,924		117,882
Yuhan Corp.		187		7,941

(Cost $2,959,951)				2,682,759


	Number of Shares		Value
Spain — 1.8%
Acciona SA		164	$	32,174
ACS Actividades de Construccion y Servicios SA (b)		480		10,720
Aena SME SA, 144A*		72		8,858
Amadeus IT Group SA*		89		4,709
Banco Bilbao Vizcaya Argentaria SA		1,939		8,757
Banco Santander SA		2,751		6,686
Bankinter SA		2,075		10,650
CaixaBank SA		4,039		12,200
Corp ACCIONA Energias Renovables SA		164		6,834
EDP Renovaveis SA		324		7,875
Enagas SA		5,085		93,010
Endesa SA		1,964		33,771
Ferrovial SA		4,007		100,650
Fluidra SA		1,066		17,097
Iberdrola SA		2,913		30,419
Industria de Diseno Textil SA		201		4,356
Mapfre SA (b)		10,852		18,038
Merlin Properties Socimi SA REIT		3,906		35,820
Naturgy Energy Group SA		1,522		42,057
Red Electrica Corp. SA		14,424		264,481
Repsol SA		15,626		204,030
Telefonica SA (b)		63,456		262,635

(Cost $1,341,353)				1,215,827

Sweden — 4.7%
Alfa Laval AB		2,405		64,574
Alleima AB*		451		1,815
Assa Abloy AB, Class B		4,961		101,103
Atlas Copco AB, Class A		3,088		31,579
Atlas Copco AB, Class B		1,696		15,554
Beijer Ref AB		524		6,820
Boliden AB		7,193		232,399
Castellum AB		6,505		91,856
Electrolux AB, Class B		2,316		29,456
Elekta AB, Class B (b)		1,263		7,276
Epiroc AB, Class A		3,828		58,914
Epiroc AB, Class B		2,286		31,280
Essity AB, Class B		3,939		87,832
Fastighets AB Balder, Class B*		12,480		69,411
Getinge AB, Class B		3,278		61,085
H & M Hennes & Mauritz AB, Class B (b)		1,205		12,586
Hexagon AB, Class B		2,135		21,976
Holmen AB, Class B		2,393		103,207
Husqvarna AB, Class B		3,095		20,957
Industrivarden AB, Class A		5,793		129,227
Industrivarden AB, Class C		4,648		102,636
Indutrade AB		2,077		38,715
Investment AB Latour, Class B (b)		1,603		31,809
Investor AB, Class A		3,485		58,273
Investor AB, Class B		10,413		165,206
Kinnevik AB, Class B*		5,880		84,302
L E Lundbergforetagen AB, Class B		1,579		65,635
Lifco AB, Class B		1,383		21,649
Nibe Industrier AB, Class B		4,171		39,324
Orron Energy ab		999		1,909
Sagax AB, Class B		2,987		64,666


	Number of Shares		Value
Sweden (Continued)
Sagax AB, Class D		5,932	$	15,509
Samhallsbyggnadsbolaget i Norden AB (b)		12,170		19,692
Sandvik AB		2,256		35,421
Securitas AB, Class B (b)		3,879		34,145
Skandinaviska Enskilda Banken AB, Class A		2,345		23,520
Skanska AB, Class B		3,723		55,373
SKF AB, Class B		964		14,555
Svenska Cellulosa AB SCA, Class B		4,732		71,359
Svenska Handelsbanken AB, Class A		1,378		11,350
Sweco AB, Class B		1,814		17,179
Swedbank AB, Class A		1,952		25,388
Swedish Match AB		30,051		302,679
Swedish Orphan Biovitrum AB*		1,942		43,029
Tele2 AB, Class B		15,389		164,408
Telefonaktiebolaget LM Ericsson, Class B		7,346		55,254
Telia Co. AB		42,699		150,907
Thule Group AB, 144A		2,394		58,830
Trelleborg AB, Class B		4,760		99,558
Volvo AB, Class A		718		12,013
Volvo AB, Class B		3,267		52,010

(Cost $3,533,964)				3,115,210

Switzerland — 3.9%
ABB Ltd.		3,106		85,833
Adecco Group AG		1,194		37,987
Alcon, Inc.		578		38,235
Baloise Holding AG		134		19,414
Barry Callebaut AG		32		65,708
Belimo Holding AG		224		85,381
BKW AG		444		53,956
Chocoladefabriken Lindt & Spruengli AG Participation Certificates		10		105,948
Cie Financiere Richemont SA, Class A		330		37,144
Clariant AG*		2,067		38,356
Coca-Cola HBC AG*		3,261		74,752
DKSH Holding AG		1,726		128,661
Emmi AG		77		68,010
EMS-Chemie Holding AG		62		43,739
Flughafen Zurich AG*		57		9,637
Geberit AG		256		118,800
Georg Fischer AG		1,360		74,135
Givaudan SA		15		48,092
Glencore PLC*		17,660		97,259
Helvetia Holding AG		122		13,513
Holcim AG*		2,198		98,059
Julius Baer Group Ltd.		182		8,849
Kuehne + Nagel International AG		331		76,649
Logitech International SA		557		27,886
Lonza Group AG		58		31,105
Nestle SA		196		23,011
Novartis AG		335		27,162
Partners Group Holding AG		79		76,608
PSP Swiss Property AG		963		109,330
Roche Holding AG		66		21,329
Schindler Holding AG		56		9,479


	Number of Shares		Value
Switzerland (Continued)
Schindler Holding AG Participation Certificates		111	$	19,415
SGS SA		33		72,901
SIG Group AG*		1,370		32,258
Sika AG		176		39,746
Sonova Holding AG		254		67,329
STMicroelectronics NV		295		10,307
Straumann Holding AG		520		57,384
Swatch Group AG — Bearer		329		80,333
Swatch Group AG — Registered		579		26,495
Swiss Life Holding AG		62		32,552
Swiss Prime Site AG		763		65,906
Swiss Re AG		365		28,491
Swisscom AG		252		130,706
Tecan Group AG		134		49,566
Temenos AG		84		6,901
UBS Group AG		1,261		20,066
VAT Group AG, 144A		193		46,394
Zurich Insurance Group AG		82		36,473

(Cost $2,764,567)				2,577,250

United Kingdom — 10.4%
3i Group PLC		12,488		176,625
abrdn PLC		31,717		54,196
Admiral Group PLC		4,981		122,989
Amcor PLC CDI (b)		22,699		277,302
Anglo American PLC		2,108		68,263
Ashtead Group PLC		695		34,370
Associated British Foods PLC		813		14,427
Auto Trader Group PLC, 144A		7,493		56,830
Aviva PLC		6,903		33,631
B&M European Value Retail SA		37,139		159,852
BAE Systems PLC		26,671		240,889
Barclays PLC		2,137		4,091
Barratt Developments PLC		6,668		33,154
Bellway PLC		1,842		43,789
Berkeley Group Holdings PLC		1,960		83,358
BP PLC		5,029		25,835
British American Tobacco PLC		1,489		59,801
BT Group PLC		87,005		152,567
Bunzl PLC		4,518		150,407
Burberry Group PLC		1,686		34,293
Centrica PLC*		101,552		89,499
CNH Industrial NV		1,741		21,323
Compass Group PLC		1,477		31,950
ConvaTec Group PLC, 144A		5,810		14,711
Croda International PLC		1,357		106,204
Dechra Pharmaceuticals PLC		699		28,386
Derwent London PLC REIT		842		23,867
Diageo PLC		820		35,914
Direct Line Insurance Group PLC		33,105		79,315
DS Smith PLC		15,660		48,780
Evraz PLC (d)		4,559		0
Ferguson PLC		1,279		148,616
GSK PLC		2,957		47,462
Haleon PLC*		3,697		11,135
Halma PLC		3,659		88,346


	Number of Shares		Value
United Kingdom (Continued)
Hargreaves Lansdown PLC		2,489	$	23,679
Howden Joinery Group PLC		12,289		81,679
HSBC Holdings PLC		1,176		7,236
IMI PLC		5,194		69,443
Imperial Brands PLC		20,643		455,543
InterContinental Hotels Group PLC		343		18,722
Intermediate Capital Group PLC		151		2,402
Intertek Group PLC		1,032		47,541
ITV PLC		14,706		11,003
J Sainsbury PLC		80,712		191,026
Johnson Matthey PLC		719		16,858
Kingfisher PLC		27,363		73,900
Legal & General Group PLC		3,732		10,965
Lloyds Banking Group PLC		53,733		27,435
Mondi PLC		9,877		168,486
National Grid PLC		8,385		105,178
Next PLC		304		20,559
Pearson PLC		2,327		23,362
Pennon Group PLC		5,850		63,578
Pepco Group NV, 144A*		1,312		9,909
Persimmon PLC		1,619		27,806
Phoenix Group Holdings PLC		2,499		17,517
Reckitt Benckiser Group PLC		374		28,931
RELX PLC		2,766		72,803
Renishaw PLC		62		2,666
Rentokil Initial PLC		8,754		53,070
Rightmove PLC		13,330		94,244
Rio Tinto PLC		1,894		105,146
Royal Mail PLC		11,328		36,314
RS GROUP PLC		4,770		60,277
Sage Group PLC		21,190		176,345
Schroders PLC		703		21,988
Segro PLC REIT		44,538		488,704
Severn Trent PLC		4,481		145,317
Shell PLC		442		11,778
Smith & Nephew PLC		1,994		23,562
Smiths Group PLC		3,235		56,125
Spirax-Sarco Engineering PLC		699		85,687
SSE PLC		14,435		277,563
St James’s Place PLC		2,108		27,153
Standard Chartered PLC		653		4,545
Tate & Lyle PLC		14,549		129,373
Tesco PLC		139,165		402,726
Travis Perkins PLC		1,489		14,710
Unilever PLC		526		24,026
United Utilities Group PLC		14,926		183,492
Vodafone Group PLC		94,093		126,654
Weir Group PLC		596		10,108
Wise PLC, Class A*		12,677		71,808
WPP PLC		5,056		43,794

(Cost $8,350,911)				6,854,913

United States — 0.2%
Waste Connections, Inc. (Cost $121,274)		1,051		146,752

TOTAL COMMON STOCKS (Cost $72,168,898)				65,274,831


	Number of Shares		Value
PREFERRED STOCKS — 0.2%
Germany — 0.1%
Bayerische Motoren Werke AG		91	$	6,337
FUCHS PETROLUB SE		993		26,940
Henkel AG & Co. KGaA		286		18,475
Porsche Automobil Holding SE		397		28,136
Sartorius AG		11		4,600
Sixt SE		69		4,135

(Cost $111,081)				88,623

South Korea — 0.1%
Hanwha Corp.		1,820		21,703
Hyundai Motor Co.		98		6,836
LG H&H Co. Ltd.		15		4,110
Mirae Asset Securities Co. Ltd.		3,814		11,021
Samsung Fire & Marine Insurance Co. Ltd.		86		10,255

(Cost $62,378)				53,925

TOTAL PREFERRED STOCKS (Cost $173,459)				142,548


	Number of Shares		Value
WARRANTS — 0.0%
Switzerland — 0.0%
Cie Financiere Richemont SA*, expires 11/22/23 (Cost $0)		826	$	533

SECURITIES LENDING COLLATERAL — 1.1%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (e)(f) (Cost $731,962)		731,962		731,962

CASH EQUIVALENTS — 0.2%
DWS Government Money Market Series “Institutional Shares”, 2.24% (e) (Cost $101,059)		101,059		101,059


TOTAL INVESTMENTS — 100.4% (Cost $73,175,378)			$	66,250,933
Other assets and liabilities, net — (0.4%)				(247,826	)

NET ASSETS — 100.0%			$	66,003,107

A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:

For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.

During the year ended August 31, 2022, the amount of transfers from Level 1 to Level 3 was $3,185. The investment was transferred from Level 1 to Level 3 due to the lack of observable market data due to a decrease in market activity.


	Number of Shares		Value
COMMON STOCKS — 99.2%
Australia — 2.3%
Ampol Ltd.		2,507	$	59,432
APA Group (a)		11,384		86,550
Aristocrat Leisure Ltd.		6,908		169,067
ASX Ltd.		2,193		117,943
Aurizon Holdings Ltd.		16,325		41,745
Australia & New Zealand Banking Group Ltd.		31,385		491,210
BHP Group Ltd.		53,049		1,476,531
BlueScope Steel Ltd.		5,167		59,226
Brambles Ltd.		14,991		127,230
Cochlear Ltd.		587		86,238
Coles Group Ltd.		13,331		160,482
Commonwealth Bank of Australia		17,969		1,200,699
Computershare Ltd.		5,724		96,925
CSL Ltd.		4,993		1,004,773
Dexus REIT		12,041		72,064
Domino’s Pizza Enterprises Ltd.		657		28,623
Endeavour Group Ltd.		13,936		69,456
Evolution Mining Ltd.		18,351		30,067
Fortescue Metals Group Ltd.		18,157		229,284
Goodman Group REIT		17,542		236,550
GPT Group REIT		22,387		64,613
IDP Education Ltd.		2,287		45,483
Insurance Australia Group Ltd.		24,577		78,347
Lendlease Corp. Ltd. (a)		7,597		53,487
Lottery Corp. Ltd.*		28,184		85,401
Macquarie Group Ltd.		3,843		467,004
Medibank Pvt Ltd.		31,226		79,420
Mineral Resources Ltd.*		1,958		85,867
Mirvac Group REIT		44,321		63,807
National Australia Bank Ltd.		34,061		714,292
Newcrest Mining Ltd.		8,480		103,073
Northern Star Resources Ltd.		11,866		64,102
Orica Ltd.		2,719		28,836
Origin Energy Ltd.		19,925		86,192
Qantas Airways Ltd.*		8,405		30,654
QBE Insurance Group Ltd.		16,050		132,807
Ramsay Health Care Ltd.		2,068		101,665
REA Group Ltd.		644		56,313
Reece Ltd.		1,325		14,543
Rio Tinto Ltd.		4,032		261,211
Santos Ltd.		35,456		191,781
Scentre Group REIT		53,099		107,022
SEEK Ltd.		3,640		52,054
Sonic Healthcare Ltd.		4,957		115,541
South32 Ltd.		43,804		124,624
Stockland REIT		18,901		46,906
Suncorp Group Ltd.		13,301		99,392
Telstra Corp. Ltd.		38,195		103,953
Transurban Group (a)		33,729		322,796
Treasury Wine Estates Ltd.		9,025		81,608
Vicinity Centres REIT		51,676		68,550
Washington H Soul Pattinson & Co. Ltd.		2,244		39,536
Wesfarmers Ltd.		11,948		385,057
Westpac Banking Corp.		36,877		546,323
WiseTech Global Ltd.		1,441		58,058


	Number of Shares		Value
Australia (Continued)
Woodside Energy Group Ltd.		19,299	$	453,142
Woolworths Group Ltd.		12,766		315,850

(Cost $12,230,034)				11,573,405

Austria — 0.0%
Erste Group Bank AG		3,594		81,242
OMV AG		1,252		50,710
Verbund AG		609		58,390
voestalpine AG		1,178		23,833

(Cost $269,602)				214,175

Belgium — 0.2%
Ageas SA/NV		1,537		62,578
Anheuser-Busch InBev SA/NV		9,274		450,840
D’ieteren Group		265		40,157
Elia Group SA/NV		344		50,122
Groupe Bruxelles Lambert SA		1,191		90,420
KBC Group NV		2,684		127,874
Proximus SADP		1,542		19,661
Sofina SA		121		24,359
Solvay SA		812		65,843
UCB SA		1,433		101,011
Umicore SA		2,207		70,461
Warehouses De Pauw CVA REIT		1,569		47,931

(Cost $1,509,073)				1,151,257

Bermuda — 0.1%
Arch Capital Group Ltd.*		3,649		166,832
Everest Re Group Ltd.		411		110,580

(Cost $240,884)				277,412

Canada — 3.8%
Agnico Eagle Mines Ltd.		4,906		202,893
Air Canada*		1,527		20,627
Algonquin Power & Utilities Corp.		7,231		99,608
Alimentation Couche-Tard, Inc.		9,104		392,356
AltaGas Ltd.		2,275		49,197
ARC Resources Ltd.		7,237		100,188
Bank of Montreal		6,897		638,562
Bank of Nova Scotia (b)		12,806		710,119
Barrick Gold Corp.		19,388		288,688
BCE, Inc. (b)		766		37,072
BlackBerry Ltd.*		6,132		36,522
Brookfield Asset Management, Inc., Class A		14,914		719,507
BRP, Inc.		398		27,683
CAE, Inc.*		2,955		54,109
Cameco Corp.		4,331		126,596
Canadian Apartment Properties REIT		844		28,789
Canadian Imperial Bank of Commerce		9,592		454,917
Canadian National Railway Co.		6,264		747,079
Canadian Natural Resources Ltd.		12,701		698,283
Canadian Pacific Railway Ltd.		9,832		738,151
Canadian Tire Corp. Ltd., Class A		654		77,141
Canadian Utilities Ltd., Class A		1,372		42,095
CCL Industries, Inc., Class B		1,547		76,098
Cenovus Energy, Inc.		14,713		276,824
CGI, Inc.*		2,305		183,048


	Number of Shares		Value
Canada (Continued)
Constellation Software, Inc.		214	$	323,062
Dollarama, Inc.		2,830		172,834
Emera, Inc.		2,853		132,389
Empire Co. Ltd., Class A		1,417		40,478
Enbridge, Inc.		21,343		882,664
Fairfax Financial Holdings Ltd.		266		132,988
First Quantum Minerals Ltd.		6,186		109,776
FirstService Corp.		473		59,338
Fortis, Inc.		4,785		211,700
Franco-Nevada Corp.		2,038		245,724
George Weston Ltd.		818		93,786
GFL Environmental, Inc.		1,905		53,822
Gildan Activewear, Inc.		2,243		66,523
Great-West Lifeco, Inc. (b)		2,608		61,436
Hydro One Ltd., 144A		3,660		99,381
iA Financial Corp., Inc.		1,131		60,929
IGM Financial, Inc.		1,249		34,096
Imperial Oil Ltd.		2,807		138,164
Intact Financial Corp.		1,882		273,404
Ivanhoe Mines Ltd., Class A*		6,379		41,111
Keyera Corp.		2,155		53,250
Kinross Gold Corp.		14,211		46,770
Lightspeed Commerce, Inc.*		1,344		25,790
Loblaw Cos. Ltd.		1,753		155,369
Lululemon Athletica, Inc.*		1,182		354,553
Lundin Mining Corp.		6,394		33,347
Magna International, Inc.		2,866		166,038
Manulife Financial Corp.		20,455		354,870
Metro, Inc.		2,248		118,580
National Bank of Canada		3,570		236,864
Northland Power, Inc.		2,762		94,822
Nutrien Ltd.		5,808		534,721
Nuvei Corp., 144A*		663		20,347
Onex Corp.		727		36,056
Open Text Corp.		2,596		82,007
Pan American Silver Corp.		2,017		30,095
Parkland Corp.		1,889		46,504
Pembina Pipeline Corp.		5,419		191,916
Power Corp. of Canada		6,251		161,191
Quebecor, Inc., Class B		1,565		33,903
Restaurant Brands International, Inc.		2,754		163,040
RioCan Real Estate Investment Trust REIT		1,558		23,948
Ritchie Bros Auctioneers, Inc.		1,163		80,795
Rogers Communications, Inc., Class B		3,414		147,420
Royal Bank of Canada		14,836		1,383,568
Saputo, Inc.		2,472		62,951
Shaw Communications, Inc., Class B		4,810		123,703
Shopify, Inc., Class A*		12,001		381,034
Sun Life Financial, Inc.		6,191		273,527
Suncor Energy, Inc.		15,494		502,703
TC Energy Corp.		9,998		483,181
Teck Resources Ltd., Class B		5,134		174,374
TELUS Corp.		4,782		108,011
TFI International, Inc.		831		83,144
Thomson Reuters Corp.		1,636		180,665
TMX Group Ltd.		650		65,467


	Number of Shares		Value
Canada (Continued)
Toromont Industries Ltd.		870	$	67,535
Toronto-Dominion Bank		19,063		1,229,866
Tourmaline Oil Corp.		3,360		199,224
West Fraser Timber Co. Ltd.		468		41,990
Wheaton Precious Metals Corp.		4,741		145,133
WSP Global, Inc.		1,379		164,804

(Cost $19,298,752)				18,922,833

Chile — 0.0%
Antofagasta PLC (Cost $80,056)		4,186		53,628

Denmark — 0.8%
A.P. Moller — Maersk A/S, Class A		33		77,455
A.P. Moller — Maersk A/S, Class B		55		132,029
Carlsberg A/S, Class B		958		125,094
Chr Hansen Holding A/S		1,273		74,387
Coloplast A/S, Class B		1,263		144,840
Danske Bank A/S		6,419		86,075
Demant A/S*		883		27,279
DSV A/S		2,021		299,613
Genmab A/S*		659		235,220
GN Store Nord AS		1,350		38,385
Novo Nordisk A/S, Class B		17,745		1,901,344
Novozymes A/S, Class B		2,102		120,954
Orsted AS, 144A		2,061		202,553
Pandora A/S		1,202		72,660
ROCKWOOL A/S, Class B		34		7,036
Tryg A/S		3,795		86,020
Vestas Wind Systems A/S		10,782		271,755

(Cost $3,987,719)				3,902,699

Finland — 0.3%
Elisa OYJ		1,275		68,284
Fortum OYJ		4,980		51,303
Kesko OYJ, Class B		2,459		51,876
Kone OYJ, Class B		3,570		143,305
Neste OYJ		4,438		219,785
Nokia OYJ		59,302		298,871
Nordea Bank Abp		33,848		315,617
Orion OYJ, Class B		1,258		57,139
Sampo OYJ, Class A		5,561		252,193
Stora Enso OYJ, Class R		5,413		80,965
UPM-Kymmene OYJ		5,952		202,833
Wartsila OYJ Abp		5,034		41,680

(Cost $2,042,782)				1,783,851

France — 3.1%
Accor SA*		2,048		49,157
Aeroports de Paris*		316		43,485
Air Liquide SA		5,490		691,163
Airbus SE		6,183		608,613
Alstom SA (b)		2,783		57,536
Amundi SA, 144A		514		26,204
Arkema SA		656		55,660
AXA SA		20,981		496,317
BioMerieux		554		50,839
BNP Paribas SA		11,828		552,876


	Number of Shares		Value
France (Continued)
Bollore SE		12,487	$	59,969
Bouygues SA		2,769		81,582
Bureau Veritas SA		3,469		86,404
Capgemini SE		1,728		300,603
Carrefour SA		7,249		121,293
Cie de Saint-Gobain		5,246		212,851
Cie Generale des Etablissements Michelin SCA		7,667		187,381
Covivio REIT		651		36,527
Credit Agricole SA		12,106		111,872
Danone SA		6,998		369,504
Dassault Aviation SA		202		27,828
Dassault Systemes SE		6,978		270,670
Edenred		2,625		133,298
Eiffage SA		859		75,891
Electricite de France SA		4,962		59,550
Engie SA		19,135		228,355
EssilorLuxottica SA		3,077		461,791
Eurazeo SE		503		30,170
Gecina SA REIT		567		50,715
Getlink SE		5,071		95,813
Hermes International		328		422,995
Ipsen SA		394		37,856
Kering SA		789		399,070
Klepierre SA REIT*		1,889		38,939
La Francaise des Jeux SAEM, 144A		1,190		38,734
Legrand SA		2,751		199,946
L’Oreal SA		2,535		874,968
LVMH Moet Hennessy Louis Vuitton SE		2,925		1,904,449
Orange SA		21,011		213,347
Pernod Ricard SA		2,165		399,591
Publicis Groupe SA		2,238		109,708
Remy Cointreau SA		245		45,650
Renault SA*		2,024		58,228
Safran SA		3,450		353,506
Sanofi		11,746		970,644
Sartorius Stedim Biotech		294		108,113
Schneider Electric SE		5,600		668,860
SEB SA		129		9,599
Societe Generale SA		8,328		184,903
Sodexo SA		717		55,112
Teleperformance		655		187,250
Thales SA		1,121		135,436
TotalEnergies SE (b)		26,113		1,331,014
Ubisoft Entertainment SA*		719		33,265
Unibail-Rodamco-Westfield REIT*		1,274		65,847
Valeo		2,248		43,265
Veolia Environnement SA		6,433		144,123
Vinci SA		5,574		517,055
Vivendi SE		7,528		68,537
Wendel SE		286		22,576
Worldline SA, 144A*		2,587		111,312

(Cost $16,952,384)				15,387,815

Germany — 1.9%
adidas AG		1,818		271,069
Allianz SE		4,222		715,695


	Number of Shares		Value
Germany (Continued)
BASF SE		9,722	$	411,275
Bayer AG		10,496		555,154
Bayerische Motoren Werke AG		3,545		261,897
Bechtle AG		752		28,908
Beiersdorf AG		1,058		107,026
Brenntag SE		1,409		92,688
Carl Zeiss Meditec AG		471		58,823
Commerzbank AG*		11,245		74,968
Continental AG		1,156		66,816
Covestro AG, 144A		2,058		62,331
Daimler Truck Holding AG*		4,426		113,601
Delivery Hero SE, 144A*		1,558		65,016
Deutsche Bank AG (c)		21,324		178,464
Deutsche Boerse AG		2,011		340,633
Deutsche Lufthansa AG*		5,569		33,235
Deutsche Post AG		10,618		388,587
Deutsche Telekom AG		34,133		644,850
E.ON SE		22,476		192,332
Evonik Industries AG		2,210		41,323
Fresenius Medical Care AG & Co. KGaA		2,069		71,132
Fresenius SE & Co. KGaA		4,251		105,411
GEA Group AG		1,618		56,440
Hannover Rueck SE		737		108,866
HeidelbergCement AG		1,542		69,930
HelloFresh SE*		1,540		36,948
Henkel AG & Co. KGaA		1,178		73,797
Infineon Technologies AG		13,990		341,844
KION Group AG		824		33,002
Knorr-Bremse AG		647		31,456
LEG Immobilien SE		676		51,199
Mercedes-Benz Group AG		8,451		476,902
Merck KGaA		1,361		234,570
MTU Aero Engines AG		643		113,764
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1,435		343,714
Nemetschek SE		589		34,885
Puma SE		1,179		72,342
Rational AG		34		18,411
Rheinmetall AG		456		72,631
RWE AG		6,870		263,062
SAP SE		10,998		939,355
Scout24 SE, 144A		586		33,906
Siemens AG		7,950		808,046
Siemens Energy AG		4,186		61,770
Siemens Healthineers AG, 144A		2,957		144,894
Symrise AG		1,433		150,363
Telefonica Deutschland Holding AG		10,718		27,860
Uniper SE (b)		806		4,364
United Internet AG		1,437		32,584
Volkswagen AG		314		58,160
Vonovia SE		8,233		223,525
Zalando SE, 144A*		2,162		50,241

(Cost $13,530,962)				9,850,065

Hong Kong — 0.9%
AIA Group Ltd.		127,444		1,233,222
BOC Hong Kong Holdings Ltd.		35,779		123,535


	Number of Shares		Value
Hong Kong (Continued)
Budweiser Brewing Co. APAC Ltd., 144A		20,536	$	60,570
Chow Tai Fook Jewellery Group Ltd.		22,047		44,550
CK Asset Holdings Ltd.		21,324		144,264
CK Hutchison Holdings Ltd.		27,551		178,142
CK Infrastructure Holdings Ltd.		6,637		40,420
CLP Holdings Ltd.		16,859		145,417
ESR Group Ltd., 144A*		26,986		75,813
Futu Holdings Ltd., ADR*		662		32,498
Galaxy Entertainment Group Ltd.		21,091		118,503
Hang Lung Properties Ltd.		28,377		47,290
Hang Seng Bank Ltd.		7,093		111,155
Henderson Land Development Co. Ltd.		17,717		59,366
HK Electric Investments & HK Electric Investments Ltd. (a)		43,878		36,617
HKT Trust & HKT Ltd. (a)		32,397		43,505
Hong Kong & China Gas Co. Ltd.		102,306		101,017
Hong Kong Exchanges & Clearing Ltd.		12,866		520,944
Hongkong Land Holdings Ltd.		12,100		58,564
Jardine Matheson Holdings Ltd.		2,251		119,528
Link REIT		20,921		162,195
MTR Corp. Ltd.		17,543		89,963
New World Development Co. Ltd.		15,905		51,977
Power Assets Holdings Ltd.		14,613		87,505
Sino Land Co. Ltd.		36,093		52,883
SITC International Holdings Co. Ltd.		15,433		39,325
Sun Hung Kai Properties Ltd.		14,824		174,326
Swire Pacific Ltd., Class A		3,327		23,038
Swire Properties Ltd.		13,400		30,970
Techtronic Industries Co. Ltd.		14,647		173,924
WH Group Ltd., 144A		110,032		75,141
Wharf Real Estate Investment Co. Ltd.		14,195		64,746
Xinyi Glass Holdings Ltd.		17,012		31,558

(Cost $4,923,527)				4,352,471

Ireland — 1.1%
Accenture PLC, Class A		6,660		1,921,143
AerCap Holdings NV*		1,414		62,287
Allegion PLC		931		88,538
Aptiv PLC*		2,891		270,106
CRH PLC		8,071		298,621
DCC PLC		1,183		68,318
Experian PLC		9,365		285,831
Flutter Entertainment PLC*		1,754		220,908
James Hardie Industries PLC CDI		4,349		99,909
Jazz Pharmaceuticals PLC*		646		100,272
Kerry Group PLC, Class A		1,507		155,855
Kingspan Group PLC		1,626		92,608
Medtronic PLC		14,022		1,232,814
Smurfit Kappa Group PLC		2,152		72,600
Trane Technologies PLC		2,456		378,396

(Cost $5,969,318)				5,348,206

Israel — 0.3%
Azrieli Group Ltd.		561		46,800
Bank Hapoalim BM		13,376		139,532
Bank Leumi Le-Israel BM		14,706		156,324
Check Point Software Technologies Ltd.*		1,084		130,340


	Number of Shares		Value
Israel (Continued)
CyberArk Software Ltd.*		496	$	71,563
Elbit Systems Ltd.		283		60,667
ICL Group Ltd.		7,695		74,025
Israel Discount Bank Ltd., Class A		12,524		76,994
Mizrahi Tefahot Bank Ltd.		1,093		44,687
Nice Ltd.*		720		156,339
SolarEdge Technologies, Inc.*		567		156,475
Teva Pharmaceutical Industries Ltd., ADR*		12,191		110,207
Tower Semiconductor Ltd.*		1,147		53,997
Wix.com Ltd.*		644		40,759
ZIM Integrated Shipping Services Ltd. (b)		885		31,940

(Cost $1,347,690)				1,350,649

Italy — 0.5%
Amplifon SpA		1,275		33,398
Assicurazioni Generali SpA		11,653		171,547
Atlantia SpA		5,223		119,903
Davide Campari-Milano NV		5,568		54,914
DiaSorin SpA		193		25,414
Enel SpA		85,958		405,856
Eni SpA		26,787		318,056
Ferrari NV		1,274		247,503
FinecoBank Banca Fineco SpA		5,423		58,975
Infrastrutture Wireless Italiane SpA, 144A		2,866		26,687
Intesa Sanpaolo SpA		174,275		301,942
Mediobanca Banca di Credito Finanziario SpA		5,650		44,928
Moncler SpA		2,153		96,643
Nexi SpA, 144A*		4,006		33,040
Poste Italiane SpA, 144A		7,246		58,232
Prysmian SpA		2,956		90,985
Recordati Industria Chimica e Farmaceutica SpA		1,343		55,018
Snam SpA		21,239		101,146
Telecom Italia SpA*		53,264		11,033
Terna — Rete Elettrica Nazionale		12,869		91,877
UniCredit SpA		23,945		235,915

(Cost $3,221,131)				2,583,012

Jersey — 0.0%
Novocure Ltd.* (Cost $101,886)		834		68,496

Jordan — 0.0%
Hikma Pharmaceuticals PLC (Cost $64,591)		2,053		31,366

Luxembourg — 0.1%
ArcelorMittal SA		6,421		153,377
Aroundtown SA		10,721		31,350
Eurofins Scientific SE		1,443		100,265
Tenaris SA		4,952		68,468

(Cost $407,506)				353,460


	Number of Shares		Value
Macau — 0.0%
Sands China Ltd.* (Cost $96,173)		26,189	$	59,059

Netherlands — 1.4%
ABN AMRO Bank NV, 144A		2,867		27,601
Adyen NV, 144A*		231		358,876
Aegon NV		19,260		86,531
Akzo Nobel NV		1,979		125,449
Argenx SE*		508		190,791
ASM International NV		491		133,849
ASML Holding NV		4,251		2,071,682
Euronext NV, 144A		904		67,085
EXOR NV		1,359		82,348
Heineken Holding NV		875		62,294
Heineken NV		2,564		231,370
IMCD NV		668		92,561
ING Groep NV		40,168		354,067
JDE Peet’s NV		740		22,859
Just Eat Takeaway.com NV, 144A*		1,974		33,113
Koninklijke Ahold Delhaize NV		11,432		314,975
Koninklijke DSM NV		1,858		237,930
Koninklijke KPN NV		37,552		119,701
Koninklijke Philips NV		9,820		164,391
NN Group NV		3,131		128,989
NXP Semiconductors NV		2,819		463,951
OCI NV		1,107		41,676
Prosus NV*		8,739		542,628
QIAGEN NV*		2,434		110,750
Randstad NV		1,441		67,364
Stellantis NV		23,100		310,189
Universal Music Group NV		7,528		149,927
Wolters Kluwer NV		2,773		271,701

(Cost $7,853,883)				6,864,648

New Zealand — 0.1%
Auckland International Airport Ltd.*		12,828		59,458
Fisher & Paykel Healthcare Corp. Ltd.		5,532		66,680
Mercury NZ Ltd.		7,206		25,625
Meridian Energy Ltd.		13,566		41,628
Spark New Zealand Ltd.		22,480		74,701
Xero Ltd.*		1,525		91,740

(Cost $461,970)				359,832

Norway — 0.2%
Adevinta ASA*		1,886		15,422
Aker BP ASA		3,267		114,462
DNB Bank ASA		9,727		186,226
Equinor ASA		9,916		382,386
Gjensidige Forsikring ASA		1,901		38,694
Kongsberg Gruppen ASA		944		32,341
Mowi ASA		4,276		88,026
Norsk Hydro ASA		16,424		113,364
Orkla ASA		8,653		72,735
Salmar ASA		620		41,201
Telenor ASA		7,867		86,406
Yara International ASA		1,433		60,848

(Cost $1,181,972)				1,232,111


	Number of Shares		Value
Portugal — 0.0%
EDP — Energias de Portugal SA		31,046	$	148,661
Galp Energia SGPS SA		4,007		43,496
Jeronimo Martins SGPS SA		3,502		77,824

(Cost $277,907)				269,981

Singapore — 0.4%
Ascendas Real Estate Investment Trust REIT		34,979		70,705
CapitaLand Integrated Commercial Trust REIT		48,156		71,452
Capitaland Investment Ltd.		27,702		73,271
City Developments Ltd.		3,300		19,231
DBS Group Holdings Ltd.		19,307		451,156
Genting Singapore Ltd.		88,400		49,108
Grab Holdings Ltd., Class A*(b)		12,634		36,007
Keppel Corp. Ltd.		15,500		80,772
Mapletree Logistics Trust REIT		34,128		40,853
Mapletree Pan Asia Commercial Trust REIT		14,100		18,597
Oversea-Chinese Banking Corp. Ltd.		35,285		305,781
Sea Ltd., ADR*		3,780		234,360
Singapore Airlines Ltd.*		14,250		54,340
Singapore Exchange Ltd.		9,131		62,113
Singapore Technologies Engineering Ltd.		10,502		28,079
Singapore Telecommunications Ltd.		87,200		163,762
United Overseas Bank Ltd.		12,601		246,853
UOL Group Ltd.		2,801		13,894
Venture Corp. Ltd.		2,056		26,954
Wilmar International Ltd.		20,400		59,075

(Cost $2,428,049)				2,106,363

Spain — 0.7%
Acciona SA		263		51,596
ACS Actividades de Construccion y Servicios SA		2,320		51,813
Aena SME SA, 144A*		738		90,795
Amadeus IT Group SA*		4,744		251,015
Banco Bilbao Vizcaya Argentaria SA		70,244		317,252
Banco Santander SA		186,688		453,729
CaixaBank SA		46,707		141,087
Cellnex Telecom SA, 144A*		5,726		223,229
EDP Renovaveis SA		2,883		70,069
Enagas SA		2,776		50,776
Endesa SA		3,394		58,360
Ferrovial SA		5,148		129,311
Grifols SA*(b)		3,570		43,239
Iberdrola SA		62,187		649,396
Industria de Diseno Textil SA		11,424		247,554
Naturgy Energy Group SA		1,079		29,815
Red Electrica Corp. SA		4,174		76,535
Repsol SA		15,683		204,774
Siemens Gamesa Renewable Energy SA*		2,068		37,275
Telefonica SA		57,332		237,288

(Cost $4,010,983)				3,414,908


	Number of Shares		Value
Sweden — 0.9%
Alfa Laval AB		3,477	$	93,357
Alleima AB*		2,265		9,117
Assa Abloy AB, Class B		10,448		212,925
Atlas Copco AB, Class A		28,529		291,749
Atlas Copco AB, Class B		16,708		153,233
Boliden AB		2,882		93,115
Electrolux AB, Class B		2,248		28,591
Embracer Group AB*(b)		6,727		42,089
Epiroc AB, Class A		7,164		110,257
Epiroc AB, Class B		4,774		65,325
EQT AB		3,300		74,576
Essity AB, Class B		5,908		131,737
Evolution AB, 144A		1,887		152,351
Fastighets AB Balder, Class B*		8,274		46,018
Getinge AB, Class B		2,631		49,029
H & M Hennes & Mauritz AB, Class B (b)		8,596		89,782
Hexagon AB, Class B		20,253		208,468
Holmen AB, Class B		991		42,741
Husqvarna AB, Class B		3,522		23,848
Industrivarden AB, Class A		1,509		33,662
Industrivarden AB, Class C		1,886		41,646
Indutrade AB		2,878		53,645
Investment AB Latour, Class B (b)		1,355		26,888
Investor AB, Class A		5,453		91,180
Investor AB, Class B		19,580		310,643
Kinnevik AB, Class B*		2,684		38,481
L E Lundbergforetagen AB, Class B		661		27,476
Lifco AB, Class B		2,760		43,204
Nibe Industrier AB, Class B		16,347		154,119
Sagax AB, Class B		2,014		43,601
Sandvik AB		11,326		177,827
Securitas AB, Class B (b)		2,144		18,873
Skandinaviska Enskilda Banken AB, Class A		17,148		171,992
Skanska AB, Class B		2,861		42,552
SKF AB, Class B		3,392		51,215
Svenska Cellulosa AB SCA, Class B		6,139		92,576
Svenska Handelsbanken AB, Class A		14,293		117,723
Swedbank AB, Class A		9,802		127,488
Swedish Match AB		14,697		148,031
Swedish Orphan Biovitrum AB*		1,776		39,351
Tele2 AB, Class B		5,661		60,479
Telefonaktiebolaget LM Ericsson, Class B		31,875		239,754
Telia Co. AB		26,262		92,815
Volvo AB, Class A		1,612		26,970
Volvo AB, Class B		15,895		253,046
Volvo Car AB, Class B*(b)		6,277		38,371

(Cost $5,846,107)				4,481,916

Switzerland — 3.3%
ABB Ltd.		17,067		471,640
Adecco Group AG		1,447		46,037
Alcon, Inc.		5,259		347,888
Bachem Holding AG		205		14,273
Baloise Holding AG		556		80,556
Barry Callebaut AG		38		78,029


	Number of Shares		Value
Switzerland (Continued)
Chocoladefabriken Lindt & Spruengli AG		1	$	109,124
Chocoladefabriken Lindt & Spruengli AG Participation Certificates		11		116,543
Chubb Ltd.		4,434		838,248
Cie Financiere Richemont SA, Class A		5,583		628,406
Clariant AG*		1,604		29,764
Coca-Cola HBC AG*		1,538		35,255
Credit Suisse Group AG		27,395		142,035
EMS-Chemie Holding AG		75		52,910
Garmin Ltd.		1,596		141,230
Geberit AG		375		174,023
Givaudan SA		100		320,611
Glencore PLC*		104,149		573,582
Holcim AG*		5,842		260,629
Julius Baer Group Ltd.		2,083		101,274
Kuehne + Nagel International AG		571		132,226
Logitech International SA		1,615		80,853
Lonza Group AG		785		420,994
Nestle SA		29,752		3,492,991
Novartis AG		22,837		1,851,623
Partners Group Holding AG		241		233,703
Roche Holding AG		7,396		2,390,182
Roche Holding AG		284		108,892
Schindler Holding AG		250		42,318
Schindler Holding AG Participation Certificates		530		92,700
SGS SA		68		150,221
SIG Group AG*		3,217		75,748
Sika AG		1,502		339,199
Sonova Holding AG		564		149,502
STMicroelectronics NV		7,096		247,919
Straumann Holding AG		1,172		129,335
Swatch Group AG — Bearer		308		75,205
Swatch Group AG — Registered		751		34,366
Swiss Life Holding AG		328		172,209
Swiss Prime Site AG		727		62,796
Swiss Re AG		3,304		257,901
Swisscom AG		276		143,154
Temenos AG		650		53,401
UBS Group AG		37,042		589,438
VAT Group AG, 144A		287		68,989
Zurich Insurance Group AG		1,578		701,890

(Cost $18,235,208)				16,659,812

United Kingdom — 4.6%
3i Group PLC		9,322		131,846
abrdn PLC		17,635		30,134
Admiral Group PLC		2,151		53,112
Amcor PLC		14,698		176,523
Anglo American PLC		13,312		431,082
Ashtead Group PLC		4,944		244,496
Associated British Foods PLC		4,276		75,877
AstraZeneca PLC		16,327		2,022,158
Auto Trader Group PLC, 144A		10,678		80,986
AVEVA Group PLC		1,176		38,315
Aviva PLC		29,313		142,813
BAE Systems PLC		33,139		299,307


	Number of Shares		Value
United Kingdom (Continued)
Barclays PLC		176,480	$	337,804
Barratt Developments PLC		9,916		49,303
Berkeley Group Holdings PLC		1,274		54,183
BP PLC		204,482		1,050,485
British American Tobacco PLC		22,689		911,228
British Land Co. PLC REIT		9,639		48,318
BT Group PLC		73,182		128,328
Bunzl PLC		3,554		118,315
Burberry Group PLC		3,660		74,443
Clarivate PLC*		3,643		42,514
CNH Industrial NV		9,923		121,533
Coca-Cola Europacific Partners PLC		2,074		101,979
Compass Group PLC		18,348		396,892
Croda International PLC		1,456		113,952
Diageo PLC		24,384		1,067,968
Entain PLC		6,324		93,675
Ferguson PLC		2,247		261,095
GSK PLC		42,376		680,165
Haleon PLC*		52,971		159,548
Halma PLC		3,663		88,442
Hargreaves Lansdown PLC		3,549		33,764
HSBC Holdings PLC		212,263		1,306,080
Imperial Brands PLC		9,506		209,775
Informa PLC		13,469		85,697
InterContinental Hotels Group PLC		2,068		112,881
Intertek Group PLC		1,703		78,452
J Sainsbury PLC		18,958		44,869
JD Sports Fashion PLC		33,261		43,714
Johnson Matthey PLC		1,972		46,237
Kingfisher PLC		18,156		49,034
Land Securities Group PLC REIT		7,418		56,157
Legal & General Group PLC		59,923		176,059
Liberty Global PLC, Class A*		2,784		56,237
Liberty Global PLC, Class C*		2,879		61,351
Linde PLC		5,396		1,526,313
Lloyds Banking Group PLC		768,678		392,478
London Stock Exchange Group PLC		3,360		316,764
M&G PLC		29,478		67,143
Melrose Industries PLC		45,027		71,517
Mondi PLC		5,709		97,386
National Grid PLC		39,344		493,516
NatWest Group PLC		54,956		157,597
Next PLC		1,212		81,966
Ocado Group PLC*		5,273		44,545
Pearson PLC		5,387		54,083
Pentair PLC		1,879		83,615
Persimmon PLC		3,391		58,240
Phoenix Group Holdings PLC		7,899		55,368
Prudential PLC		28,934		304,221
Reckitt Benckiser Group PLC		7,649		591,697
RELX PLC		19,860		522,728
Rentokil Initial PLC		21,948		133,057
Rio Tinto PLC		11,830		656,747
Rolls-Royce Holdings PLC*		90,971		81,507
Sage Group PLC		9,649		80,300
Schroders PLC		790		24,709
Segro PLC REIT		12,781		140,243


	Number of Shares		Value
United Kingdom (Continued)
Severn Trent PLC		2,864	$	92,878
Shell PLC		78,366		2,088,176
Smith & Nephew PLC		9,265		109,479
Smiths Group PLC		4,783		82,982
Spirax-Sarco Engineering PLC		683		83,726
SSE PLC		10,504		201,976
St James’s Place PLC		5,716		73,628
Standard Chartered PLC		25,489		177,420
Taylor Wimpey PLC		33,857		42,666
Tesco PLC		84,807		245,421
Unilever PLC		26,975		1,232,141
United Utilities Group PLC		6,895		84,763
Vodafone Group PLC		283,731		381,917
Whitbread PLC		2,149		62,614
Willis Towers Watson PLC		1,238		256,055
WPP PLC		12,837		111,192

(Cost $24,782,254)				23,349,900

United States — 72.1%
3M Co.		6,012		747,592
A O Smith Corp.		1,384		78,127
Abbott Laboratories		18,296		1,878,084
AbbVie, Inc.		18,637		2,505,931
ABIOMED, Inc.*		549		142,345
Activision Blizzard, Inc.		8,322		653,194
Adobe, Inc.*		4,923		1,838,445
Advance Auto Parts, Inc.		643		108,436
Advanced Micro Devices, Inc.*		17,221		1,461,546
AES Corp.		7,163		182,298
Affirm Holdings, Inc.*(b)		2,003		46,930
Aflac, Inc.		6,504		386,468
Agilent Technologies, Inc.		3,161		405,398
Air Products and Chemicals, Inc.		2,338		590,228
Airbnb, Inc., Class A*		3,951		446,937
Akamai Technologies, Inc.*		1,692		152,754
Albemarle Corp.		1,231		329,859
Alcoa Corp.		1,941		96,041
Alexandria Real Estate Equities, Inc. REIT		1,603		245,900
Align Technology, Inc.*		747		182,044
Alleghany Corp.*		144		121,130
Alliant Energy Corp.		2,758		168,348
Allstate Corp.		2,856		344,148
Ally Financial, Inc.		3,394		112,681
Alnylam Pharmaceuticals, Inc.*		1,250		258,337
Alphabet, Inc., Class A*		62,940		6,811,367
Alphabet, Inc., Class C*		59,428		6,486,566
Altria Group, Inc.		19,142		863,687
Amazon.com, Inc.*		96,461		12,228,361
AMC Entertainment Holdings, Inc., Class A*(b)		5,444		49,649
AMERCO		104		54,670
Ameren Corp.		2,841		263,133
American Electric Power Co., Inc.		5,309		531,962
American Express Co.		6,796		1,032,992
American Financial Group, Inc.		747		95,377
American Homes 4 Rent, Class A REIT		3,294		117,135
American International Group, Inc.		8,582		444,118


	Number of Shares		Value
United States (Continued)
American Tower Corp. REIT		4,725	$	1,200,386
American Water Works Co., Inc.		1,912		283,836
Ameriprise Financial, Inc.		1,164		311,964
AmerisourceBergen Corp.		1,655		242,557
AMETEK, Inc.		2,437		292,830
Amgen, Inc.		5,794		1,392,298
Amphenol Corp., Class A		6,448		474,121
Analog Devices, Inc.		5,510		834,930
Annaly Capital Management, Inc. REIT		15,443		99,607
ANSYS, Inc.*		921		228,684
Aon PLC, Class A		2,220		619,957
APA Corp.		3,656		142,986
Apollo Global Management, Inc.		4,210		233,992
Apple, Inc.		170,455		26,798,935
Applied Materials, Inc.		9,339		878,520
AppLovin Corp., Class A*		1,251		30,812
Aramark		2,229		79,598
Archer-Daniels-Midland Co.		5,765		506,686
Arista Networks, Inc.*		2,592		310,729
Arrow Electronics, Inc.*		839		87,936
Arthur J Gallagher & Co.		2,164		392,917
Assurant, Inc.		648		102,702
AT&T, Inc.		75,404		1,322,586
Atmos Energy Corp.		1,564		177,326
Autodesk, Inc.*		2,294		462,792
Automatic Data Processing, Inc.		4,427		1,082,003
AutoZone, Inc.*		220		466,226
Avalara, Inc.*		850		77,851
AvalonBay Communities, Inc. REIT		1,427		286,699
Avantor, Inc.*		6,427		160,097
Avery Dennison Corp.		858		157,546
Baker Hughes Co.		10,045		253,737
Ball Corp.		3,386		188,973
Bank of America Corp.		76,491		2,570,863
Bank of New York Mellon Corp.		8,245		342,415
Bath & Body Works, Inc.		2,944		109,900
Bausch Health Cos., Inc.*		3,665		22,053
Baxter International, Inc.		5,145		295,632
Becton Dickinson and Co.		3,002		757,765
Bentley Systems, Inc., Class B		1,975		72,621
Berkshire Hathaway, Inc., Class B*		13,601		3,819,161
Best Buy Co., Inc.		2,321		164,071
Bill.com Holdings, Inc.*		985		159,452
Biogen, Inc.*		1,529		298,736
BioMarin Pharmaceutical, Inc.*		1,937		172,780
Bio-Rad Laboratories, Inc., Class A*		238		115,440
Bio-Techne Corp.		411		136,374
Black Knight, Inc.*		1,638		108,370
BlackRock, Inc.		1,579		1,052,230
Blackstone, Inc.		7,375		692,807
Block, Inc.*		5,458		376,111
Boeing Co.*		5,774		925,283
Booking Holdings, Inc.*		429		804,722
Booz Allen Hamilton Holding Corp.		1,547		148,048
BorgWarner, Inc.		2,137		80,565
Boston Properties, Inc. REIT		1,446		114,856
Boston Scientific Corp.*		15,337		618,234


	Number of Shares		Value
United States (Continued)
Bristol-Myers Squibb Co.		22,999	$	1,550,363
Broadcom, Inc.		4,315		2,153,660
Broadridge Financial Solutions, Inc.		1,261		215,845
Brookfield Renewable Corp., Class A		1,360		52,412
Brown & Brown, Inc.		2,740		172,730
Brown-Forman Corp., Class B		3,261		237,075
Bunge Ltd.		1,539		152,623
Burlington Stores, Inc.*		648		90,843
C.H. Robinson Worldwide, Inc.		1,351		154,217
Cable One, Inc. (b)		58		65,830
Cadence Design Systems, Inc.*		2,968		515,749
Caesars Entertainment, Inc.*		2,164		93,312
Camden Property Trust REIT		1,046		134,421
Campbell Soup Co.		1,961		98,795
Capital One Financial Corp.		4,358		461,164
Cardinal Health, Inc.		2,919		206,432
Carlisle Cos., Inc.		544		160,839
Carlyle Group, Inc.		2,012		65,450
CarMax, Inc.*(b)		1,543		136,463
Carnival Corp.*		8,578		81,148
Carrier Global Corp.		9,011		352,510
Catalent, Inc.*		1,790		157,520
Caterpillar, Inc.		5,586		1,031,790
Cboe Global Markets, Inc.		1,003		118,324
CBRE Group, Inc., Class A*		3,647		287,967
CDW Corp.		1,400		238,980
Celanese Corp.		1,236		137,023
Centene Corp.*		5,840		524,082
CenterPoint Energy, Inc.		6,629		209,012
Ceridian HCM Holding, Inc.*		1,364		81,349
CF Industries Holdings, Inc.		2,142		221,611
Charles River Laboratories International, Inc.*		572		117,403
Charles Schwab Corp.		15,263		1,082,910
Charter Communications, Inc., Class A*		1,272		524,865
Cheniere Energy, Inc.		2,418		387,315
Chevron Corp.		19,665		3,108,250
Chewy, Inc., Class A*		729		25,027
Chipotle Mexican Grill, Inc.*		298		475,846
Church & Dwight Co., Inc.		2,554		213,795
Cigna Corp.		3,384		959,195
Cincinnati Financial Corp.		1,607		155,815
Cintas Corp.		986		401,144
Cisco Systems, Inc.		43,753		1,956,634
Citigroup, Inc.		20,942		1,022,179
Citizens Financial Group, Inc.		5,144		188,682
Citrix Systems, Inc.		1,435		147,475
Cleveland-Cliffs, Inc.*		5,524		95,399
Clorox Co.		1,295		186,920
Cloudflare, Inc., Class A*		2,816		176,197
CME Group, Inc.		3,698		723,366
CMS Energy Corp.		2,829		191,071
Coca-Cola Co.		43,180		2,664,638
Cognex Corp.		1,507		63,460
Cognizant Technology Solutions Corp., Class A		5,279		333,474
Coinbase Global, Inc., Class A*		1,261		84,235


	Number of Shares		Value
United States (Continued)
Colgate-Palmolive Co.		8,319	$	650,629
Comcast Corp., Class A		47,643		1,724,200
Conagra Brands, Inc.		5,234		179,945
ConocoPhillips		13,690		1,498,370
Consolidated Edison, Inc.		3,731		364,668
Constellation Brands, Inc., Class A		1,735		426,897
Constellation Energy Corp.		3,530		288,013
Cooper Cos., Inc.		542		155,792
Copart, Inc.*		2,181		260,957
Corning, Inc.		8,586		294,672
Corteva, Inc.		7,658		470,431
CoStar Group, Inc.*		4,323		301,054
Costco Wholesale Corp.		4,668		2,437,163
Coterra Energy, Inc.		8,572		264,961
Coupa Software, Inc.*		731		42,690
Crowdstrike Holdings, Inc., Class A*		2,058		375,811
Crown Castle, Inc. REIT		4,550		777,276
Crown Holdings, Inc.		1,390		125,920
CSX Corp.		23,100		731,115
Cummins, Inc.		1,427		307,333
CVS Health Corp.		13,617		1,336,509
D.R. Horton, Inc.		3,557		253,081
Danaher Corp.		7,161		1,932,826
Darden Restaurants, Inc.		1,350		167,008
Datadog, Inc., Class A*		2,638		276,858
DaVita, Inc.*		690		58,850
Deere & Co.		3,072		1,122,048
Dell Technologies, Inc., Class C		2,718		104,072
Delta Air Lines, Inc.*		1,356		42,131
DENTSPLY SIRONA, Inc.		2,179		71,406
Devon Energy Corp.		6,464		456,488
Dexcom, Inc.*		4,086		335,910
Diamondback Energy, Inc.		1,773		236,305
Digital Realty Trust, Inc. REIT		2,998		370,643
Discover Financial Services		3,002		301,671
DISH Network Corp., Class A*		2,762		47,921
DocuSign, Inc.*		2,070		120,515
Dollar General Corp.		2,437		578,593
Dollar Tree, Inc.*		2,323		315,185
Dominion Energy, Inc.		8,537		698,327
Domino’s Pizza, Inc.		416		154,694
DoorDash, Inc., Class A*		2,002		119,920
Dover Corp.		1,520		189,939
Dow, Inc.		7,658		390,558
Dropbox, Inc., Class A*		2,758		58,994
DTE Energy Co.		2,143		279,319
Duke Energy Corp.		8,100		865,971
Duke Realty Corp. REIT		3,810		224,218
DuPont de Nemours, Inc.		5,495		305,742
Dynatrace, Inc.*		2,229		85,103
Eastman Chemical Co.		1,452		132,132
Eaton Corp. PLC		4,101		560,361
eBay, Inc.		6,186		272,988
Ecolab, Inc.		2,762		452,498
Edison International		4,097		277,654
Edwards Lifesciences Corp.*		6,566		591,597
Elanco Animal Health, Inc.*		4,180		63,243


	Number of Shares		Value
United States (Continued)
Electronic Arts, Inc.		2,942	$	373,252
Elevance Health, Inc.		2,539		1,231,694
Eli Lilly & Co.		8,483		2,555,334
Emerson Electric Co.		6,248		510,712
Enphase Energy, Inc.*		1,430		409,609
Entegris, Inc.		1,378		130,745
Entergy Corp.		2,137		246,396
EOG Resources, Inc.		6,164		747,693
EPAM Systems, Inc.*		544		232,016
EQT Corp.		3,570		170,646
Equifax, Inc.		1,312		247,640
Equinix, Inc. REIT		958		629,760
Equitable Holdings, Inc.		4,184		124,474
Equity LifeStyle Properties, Inc. REIT		2,055		144,055
Equity Residential REIT		3,674		268,863
Erie Indemnity Co., Class A		270		58,031
Essential Utilities, Inc.		2,229		109,555
Essex Property Trust, Inc. REIT		712		188,723
Estee Lauder Cos., Inc., Class A		2,445		621,959
Etsy, Inc.*		1,340		141,517
Evergy, Inc.		2,419		165,774
Eversource Energy		3,480		312,121
Exact Sciences Corp.*		1,889		67,154
Exelon Corp.		9,896		434,533
Expedia Group, Inc.*		1,440		147,816
Expeditors International of Washington, Inc.		1,781		183,247
Extra Space Storage, Inc. REIT		1,379		274,049
Exxon Mobil Corp.		44,269		4,231,674
F5, Inc.*		645		101,304
FactSet Research Systems, Inc.		395		171,169
Fair Isaac Corp.*		280		125,832
Fastenal Co.		6,061		305,050
FedEx Corp.		2,650		558,646
Fidelity National Financial, Inc.		2,642		103,302
Fidelity National Information Services, Inc.		6,459		590,159
Fifth Third Bancorp		7,202		245,948
First Citizens BancShares, Inc., Class A		127		103,119
First Republic Bank		1,771		268,891
FirstEnergy Corp.		5,707		225,712
Fiserv, Inc.*		6,378		645,390
FleetCor Technologies, Inc.*		838		178,100
FMC Corp.		1,323		142,990
Ford Motor Co.		40,300		614,172
Fortinet, Inc.*		7,280		354,463
Fortive Corp.		3,695		234,004
Fortune Brands Home & Security, Inc.		1,453		89,258
Fox Corp., Class A		2,858		97,686
Fox Corp., Class B		1,563		49,422
Franklin Resources, Inc.		3,384		88,221
Freeport-McMoRan, Inc.		14,789		437,754
Gaming and Leisure Properties, Inc. REIT		2,688		129,750
Gartner, Inc.*		797		227,400
Generac Holdings, Inc.*		656		144,589
General Dynamics Corp.		2,457		562,481
General Electric Co.		11,459		841,549


	Number of Shares		Value
United States (Continued)
General Mills, Inc.		6,222	$	477,850
General Motors Co.		14,540		555,573
Genuine Parts Co.		1,546		241,191
Gilead Sciences, Inc.		13,234		839,962
Global Payments, Inc.		2,971		369,087
Globe Life, Inc.		997		96,898
GoDaddy, Inc., Class A*		1,757		133,216
Goldman Sachs Group, Inc.		3,512		1,168,337
Guidewire Software, Inc.*		820		58,802
Halliburton Co.		9,317		280,721
Hartford Financial Services Group, Inc.		3,435		220,905
Hasbro, Inc.		1,356		106,880
HCA Healthcare, Inc.		2,555		505,558
Healthcare Realty Trust, Inc. REIT		3,990		97,037
Healthpeak Properties, Inc. REIT		6,159		161,674
HEICO Corp. (b)		474		72,190
HEICO Corp., Class A		814		99,780
Henry Schein, Inc.*		1,355		99,471
Hershey Co.		1,539		345,767
Hess Corp.		2,852		344,465
Hewlett Packard Enterprise Co.		13,698		186,293
Hilton Worldwide Holdings, Inc.		2,833		360,811
Hologic, Inc.*		2,418		163,360
Home Depot, Inc.		10,828		3,123,012
Honeywell International, Inc.		7,248		1,372,409
Horizon Therapeutics PLC*		2,211		130,913
Hormel Foods Corp.		3,380		169,946
Host Hotels & Resorts, Inc. REIT		7,189		127,749
Howmet Aerospace, Inc.		4,250		150,577
HP, Inc.		11,114		319,083
HubSpot, Inc.*		474		159,757
Humana, Inc.		1,333		642,213
Huntington Bancshares, Inc.		15,700		210,380
Huntington Ingalls Industries, Inc.		418		96,249
IAC, Inc.*		816		52,444
IDEX Corp.		833		167,608
IDEXX Laboratories, Inc.*		889		309,034
Illinois Tool Works, Inc.		3,294		641,770
Illumina, Inc.*		1,656		333,916
Incyte Corp.*		2,048		144,241
Ingersoll Rand, Inc.		4,270		202,270
Insulet Corp.*		737		188,281
Intel Corp.		42,898		1,369,304
Intercontinental Exchange, Inc.		5,764		581,299
International Business Machines Corp.		9,475		1,217,064
International Flavors & Fragrances, Inc.		2,713		299,732
International Paper Co.		4,004		166,646
Interpublic Group of Cos., Inc.		4,148		114,651
Intuit, Inc.		2,851		1,231,005
Intuitive Surgical, Inc.*		3,771		775,846
Invesco Ltd.		4,276		70,426
Invitation Homes, Inc. REIT		6,448		233,933
IQVIA Holdings, Inc.*		1,919		408,095
Iron Mountain, Inc. REIT		2,730		143,625
J M Smucker Co.		1,183		165,608
Jack Henry & Associates, Inc.		695		133,579
Jacobs Solutions, Inc.		1,444		179,894


	Number of Shares		Value
United States (Continued)
JB Hunt Transport Services, Inc.		800	$	139,216
Johnson & Johnson		27,656		4,462,019
Johnson Controls International PLC		7,690		416,337
JPMorgan Chase & Co.		30,943		3,519,147
Juniper Networks, Inc.		2,860		81,281
Kellogg Co.		2,591		188,469
Keurig Dr Pepper, Inc.		7,798		297,260
KeyCorp		10,641		188,239
Keysight Technologies, Inc.*		1,923		315,160
Kimberly-Clark Corp.		3,570		455,246
Kimco Realty Corp. REIT		7,106		149,794
Kinder Morgan, Inc.		21,920		401,574
KKR & Co., Inc.		5,662		286,271
KLA Corp.		1,542		530,648
Knight-Swift Transportation Holdings, Inc.		1,544		77,987
Kraft Heinz Co.		7,735		289,289
Kroger Co.		7,083		339,559
L3Harris Technologies, Inc.		2,033		463,910
Laboratory Corp. of America Holdings		986		222,116
Lam Research Corp.		1,478		647,231
Las Vegas Sands Corp.*		4,006		150,746
Lear Corp.		642		89,007
Leidos Holdings, Inc.		1,260		119,763
Lennar Corp., Class A		2,857		221,275
Lennox International, Inc.		344		82,601
Liberty Broadband Corp., Class C*		1,479		150,414
Liberty Media Corp.-Liberty Formula One, Class C*		2,225		141,688
Liberty Media Corp-Liberty SiriusXM, Class A*(b)		832		34,561
Liberty Media Corp-Liberty SiriusXM, Class C*		1,979		81,851
Lincoln National Corp.		1,729		79,638
Live Nation Entertainment, Inc.*		1,893		171,051
LKQ Corp.		2,563		136,403
Lockheed Martin Corp.		2,579		1,083,464
Loews Corp.		2,121		117,313
Lowe’s Cos., Inc.		6,733		1,307,145
LPL Financial Holdings, Inc.		845		187,024
Lucid Group, Inc.*(b)		4,242		65,072
Lumen Technologies, Inc.		8,490		84,560
Lyft, Inc., Class A*		2,844		41,892
LyondellBasell Industries NV, Class A		2,890		239,870
M&T Bank Corp.		1,796		326,477
Marathon Oil Corp.		7,568		193,665
Marathon Petroleum Corp.		5,961		600,571
Markel Corp.*		145		173,146
MarketAxess Holdings, Inc.		395		98,193
Marriott International, Inc., Class A		2,923		449,382
Marsh & McLennan Cos., Inc.		5,292		853,970
Martin Marietta Materials, Inc.		711		247,222
Marvell Technology, Inc.		8,573		401,388
Masco Corp.		2,287		116,340
Masimo Corp.*		621		91,219
Mastercard, Inc., Class A		9,099		2,951,443
Match Group, Inc.*		2,861		161,732


	Number of Shares		Value
United States (Continued)
McCormick & Co., Inc.		2,715	$	228,250
McDonald’s Corp.		7,854		1,981,407
McKesson Corp.		1,580		579,860
Medical Properties Trust, Inc. REIT		6,367		93,022
Merck & Co., Inc.		26,628		2,272,966
Meta Platforms, Inc., Class A*		24,316		3,961,806
MetLife, Inc.		7,383		474,948
Mettler-Toledo International, Inc.*		243		294,628
MGM Resorts International		3,720		121,421
Microchip Technology, Inc.		5,612		366,183
Micron Technology, Inc.		11,492		649,643
Microsoft Corp.		74,825		19,564,493
Mid-America Apartment Communities, Inc. REIT		1,266		209,738
Moderna, Inc.*		3,570		472,204
Mohawk Industries, Inc.*		416		45,910
Molina Healthcare, Inc.*		655		220,977
Molson Coors Beverage Co., Class B		1,967		101,635
Mondelez International, Inc., Class A		14,822		916,889
MongoDB, Inc.*		656		211,796
Monolithic Power Systems, Inc.		463		209,822
Monster Beverage Corp.*		4,116		365,624
Moody’s Corp.		1,751		498,195
Morgan Stanley		14,071		1,199,131
Mosaic Co.		3,536		190,484
Motorola Solutions, Inc.		1,768		430,349
MSCI, Inc.		858		385,448
Nasdaq, Inc.		3,630		216,094
NetApp, Inc.		2,318		167,197
Netflix, Inc.*		4,587		1,025,470
Neurocrine Biosciences, Inc.*		1,190		124,510
Newell Brands, Inc.		4,259		76,023
Newmont Corp.		8,140		336,670
News Corp., Class A		4,251		71,927
NextEra Energy, Inc.		20,560		1,748,834
NIKE, Inc., Class B		13,423		1,428,878
NiSource, Inc.		4,271		126,037
Nordson Corp.		633		143,799
Norfolk Southern Corp.		2,522		613,174
Northern Trust Corp.		2,200		209,198
Northrop Grumman Corp.		1,542		737,061
NortonLifeLock, Inc.		5,685		128,424
NRG Energy, Inc.		2,670		110,218
Nucor Corp.		2,702		359,204
NVIDIA Corp.		26,237		3,960,213
NVR, Inc.*		22		91,081
Occidental Petroleum Corp.		9,840		698,640
Okta, Inc.*		1,582		144,595
Old Dominion Freight Line, Inc.		1,025		278,195
Omnicom Group, Inc.		2,139		143,099
ON Semiconductor Corp.*		4,796		329,821
ONEOK, Inc.		4,712		288,516
Oracle Corp.		16,875		1,251,281
O’Reilly Automotive, Inc.*		702		489,378
Otis Worldwide Corp.		4,286		309,535
Owens Corning		1,040		84,999
PACCAR, Inc.		3,570		312,411


	Number of Shares		Value
United States (Continued)
Packaging Corp. of America		988	$	135,277
Palantir Technologies, Inc., Class A*		15,054		116,217
Palo Alto Networks, Inc.*		1,034		575,742
Paramount Global, Class B		6,550		153,205
Parker-Hannifin Corp.		1,390		368,350
Paychex, Inc.		3,475		428,606
Paycom Software, Inc.*		579		203,345
PayPal Holdings, Inc.*		11,492		1,073,812
PepsiCo, Inc.		14,497		2,497,398
PerkinElmer, Inc.		1,281		173,012
Pfizer, Inc.		59,263		2,680,465
PG&E Corp.*(b)		16,078		198,242
Philip Morris International, Inc.		16,241		1,550,853
Phillips 66		5,045		451,326
Pinterest, Inc., Class A*		5,608		129,208
Pioneer Natural Resources Co.		2,434		616,337
Plug Power, Inc.*(b)		5,060		141,882
PNC Financial Services Group, Inc.		4,328		683,824
Pool Corp.		420		142,460
PPG Industries, Inc.		2,483		315,291
PPL Corp.		7,747		225,283
Principal Financial Group, Inc. (b)		2,775		207,459
Procter & Gamble Co.		25,028		3,452,362
Progressive Corp.		6,012		737,372
Prologis, Inc. REIT		7,699		958,602
Prudential Financial, Inc.		3,959		379,074
PTC, Inc.*		1,168		134,192
Public Service Enterprise Group, Inc.		5,033		323,924
Public Storage REIT		1,613		533,629
PulteGroup, Inc.		2,851		115,922
Qorvo, Inc.*		1,140		102,349
QUALCOMM, Inc.		11,974		1,583,801
Quanta Services, Inc.		1,516		214,211
Quest Diagnostics, Inc.		1,142		143,104
Raymond James Financial, Inc.		2,065		215,524
Raytheon Technologies Corp.		15,710		1,409,973
Realty Income Corp. REIT		6,245		426,409
Regency Centers Corp. REIT		1,627		98,987
Regeneron Pharmaceuticals, Inc.*		1,113		646,720
Regions Financial Corp.		9,121		197,652
Republic Services, Inc.		2,228		317,980
ResMed, Inc.		1,542		339,117
RingCentral, Inc., Class A*		833		35,852
Rivian Automotive, Inc., Class A*		1,926		62,999
Robert Half International, Inc.		991		76,277
ROBLOX Corp., Class A*		3,704		144,863
Rockwell Automation, Inc.		1,222		289,541
Roku, Inc.*		1,279		86,972
Rollins, Inc.		2,250		75,960
Roper Technologies, Inc.		1,109		446,461
Ross Stores, Inc.		3,723		321,183
Royal Caribbean Cruises Ltd.*		2,320		94,772
Royalty Pharma PLC, Class A		3,547		148,300
RPM International, Inc.		1,356		126,325
S&P Global, Inc.		3,733		1,314,688
Salesforce, Inc.*		10,428		1,628,019
SBA Communications Corp. REIT		1,143		371,761


	Number of Shares		Value
United States (Continued)
Schlumberger N.V.		14,658	$	559,203
Seagate Technology Holdings PLC		2,047		137,067
Seagen, Inc.*		1,502		231,744
Sealed Air Corp.		1,562		84,051
SEI Investments Co.		1,281		70,071
Sempra Energy		3,323		548,195
Sensata Technologies Holding PLC		1,547		62,313
ServiceNow, Inc.*		2,108		916,179
Sherwin-Williams Co.		2,546		590,927
Signature Bank		664		115,775
Simon Property Group, Inc. REIT		3,404		347,140
Sirius XM Holdings, Inc. (b)		7,954		48,440
Skyworks Solutions, Inc.		1,724		169,900
Snap, Inc., Class A*		11,247		122,367
Snap-on, Inc.		561		122,219
Snowflake, Inc., Class A*		2,186		395,557
Southern Co.		11,291		870,197
Southwest Airlines Co.*		1,546		56,738
Splunk, Inc.*		1,675		150,800
SS&C Technologies Holdings, Inc.		2,677		149,270
Stanley Black & Decker, Inc.		1,724		151,884
Starbucks Corp.		12,117		1,018,676
State Street Corp.		4,104		280,508
Steel Dynamics, Inc.		1,986		160,310
STERIS PLC		1,051		211,650
Stryker Corp.		3,570		732,564
Sun Communities, Inc. REIT		1,273		195,673
SVB Financial Group*		638		259,360
Synchrony Financial		5,657		185,267
Synopsys, Inc.*		1,615		558,822
Sysco Corp.		5,342		439,219
T. Rowe Price Group, Inc.		2,324		278,880
Take-Two Interactive Software, Inc.*		1,705		208,965
Targa Resources Corp.		2,286		155,974
Target Corp.		5,073		813,405
TE Connectivity Ltd.		3,398		428,862
Teladoc Health, Inc.*(b)		1,501		46,621
Teledyne Technologies, Inc.*		469		172,761
Teleflex, Inc.		549		124,217
Teradyne, Inc.		1,714		145,073
Tesla, Inc.*		27,804		7,663,060
Texas Instruments, Inc.		9,533		1,574,947
Texas Pacific Land Corp.		65		119,630
Textron, Inc.		2,237		139,544
Thermo Fisher Scientific, Inc.		4,119		2,246,173
TJX Cos., Inc.		12,299		766,843
T-Mobile US, Inc.*		6,536		940,923
Tractor Supply Co.		1,125		208,294
Trade Desk, Inc., Class A*		4,734		296,822
Tradeweb Markets, Inc., Class A		1,177		81,907
TransDigm Group, Inc.		583		350,027
TransUnion		2,164		159,855
Travelers Cos., Inc.		2,449		395,856
Trimble, Inc.*		2,760		174,570
Truist Financial Corp.		14,118		661,287
Twilio, Inc., Class A*		1,806		125,661
Twitter, Inc.*		8,432		326,740


	Number of Shares		Value
United States (Continued)
Tyler Technologies, Inc.*		433	$	160,864
Tyson Foods, Inc., Class A		2,930		220,863
Uber Technologies, Inc.*		15,618		449,174
UDR, Inc. REIT		3,351		150,359
UGI Corp.		2,049		80,936
Ulta Beauty, Inc.*		578		242,685
Union Pacific Corp.		6,705		1,505,340
United Parcel Service, Inc., Class B		7,691		1,495,976
United Rentals, Inc.*		744		217,278
UnitedHealth Group, Inc.		9,900		5,141,367
Unity Software, Inc.*		2,013		85,995
Universal Health Services, Inc., Class B		779		76,217
US Bancorp		14,902		679,680
Vail Resorts, Inc.		423		95,040
Valero Energy Corp.		4,087		478,669
Veeva Systems, Inc., Class A*		1,443		287,619
Ventas, Inc. REIT		4,207		201,347
VeriSign, Inc.*		1,041		189,691
Verisk Analytics, Inc.		1,702		318,546
Verizon Communications, Inc.		44,222		1,848,922
Vertex Pharmaceuticals, Inc.*		2,680		755,117
VF Corp.		3,578		148,308
Viatris, Inc.		12,635		120,664
VICI Properties, Inc. REIT		10,150		334,849
Visa, Inc., Class A		17,416		3,460,733
Vistra Corp.		4,718		116,771
VMware, Inc., Class A		2,156		250,161
Vornado Realty Trust REIT (b)		1,886		49,451
Vulcan Materials Co.		1,343		223,596
W.R. Berkley Corp.		2,019		130,831
W.W. Grainger, Inc.		482		267,481
Walgreens Boots Alliance, Inc.		7,593		266,211
Walmart, Inc.		16,061		2,128,886
Walt Disney Co.*		19,135		2,144,651
Warner Bros Discovery, Inc.*		23,176		306,850
Waste Connections, Inc.		2,709		377,039
Waste Management, Inc.		4,364		737,647
Waters Corp.*		659		196,777
Wayfair, Inc., Class A*		731		38,531
Webster Financial Corp.		1,974		92,877
WEC Energy Group, Inc.		3,321		342,528
Wells Fargo & Co.		40,176		1,756,093
Welltower, Inc. REIT		4,710		361,022
West Pharmaceutical Services, Inc.		763		226,374
Western Digital Corp.*		3,546		149,854
Western Union Co.		5,106		75,671
Westinghouse Air Brake Technologies Corp.		1,894		166,009
Westlake Corp.		402		39,649
Westrock Co.		2,772		112,515
Weyerhaeuser Co. REIT		7,864		268,634
Whirlpool Corp.		645		101,007
Williams Cos., Inc.		11,932		406,046
Workday, Inc., Class A*		2,081		342,449
WP Carey, Inc. REIT		2,007		168,648
Wynn Resorts Ltd.*(b)		1,183		71,678
Xcel Energy, Inc.		5,797		430,427


	Number of Shares		Value
United States (Continued)
Xylem, Inc.		2,048	$	186,573
Yum! Brands, Inc.		2,954		328,603
Zebra Technologies Corp., Class A*		599		180,682
Zendesk, Inc.*		1,276		97,959
Zillow Group, Inc., Class C*		1,452		48,584
Zimmer Biomet Holdings, Inc.		2,143		227,844
Zoetis, Inc.		4,903		767,467
Zoom Video Communications, Inc., Class A*		2,314		186,046
ZoomInfo Technologies, Inc.*		2,760		125,359
Zscaler, Inc.*(b)		798		127,074

(Cost $366,285,731)				362,103,723

Uruguay — 0.1%
MercadoLibre, Inc.* (Cost $484,910)		443		378,924

TOTAL COMMON STOCKS (Cost $518,123,044)				498,485,977

PREFERRED STOCKS — 0.1%
Germany — 0.1%
Bayerische Motoren Werke AG		558		38,856
Henkel AG & Co. KGaA		1,875		121,118
Porsche Automobil Holding SE		1,615		114,457
Sartorius AG		259		108,316
Volkswagen AG		1,973		281,999

(Cost $799,320)				664,746


	Number of Shares		Value
United States — 0.0%
AMC Entertainment Holdings, Inc.* (Cost $79,928)		5,444	$	26,676

TOTAL PREFERRED STOCKS (Cost $879,248)				691,422

WARRANTS — 0.0%
Switzerland — 0.0%
Cie Financiere Richemont SA*, expires 11/22/23 (Cost $0)		19,824		12,797

SECURITIES LENDING COLLATERAL — 0.1%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (d)(e) (Cost $339,649)		339,649		339,649

CASH EQUIVALENTS — 0.2%
DWS Government Money Market Series “Institutional Shares”, 2.24% (d) (Cost $995,448)		995,448		995,448


TOTAL INVESTMENTS — 99.6% (Cost $520,337,389)			$	500,525,293
Other assets and liabilities, net — 0.4%				1,849,676

NET ASSETS — 100.0%			$	502,374,969

A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:


	Number of Shares		Value
COMMON STOCKS — 99.7%
Communication Services — 10.6%
Activision Blizzard, Inc.		300	$	23,547
Alphabet, Inc., Class A*		2,596		280,939
Alphabet, Inc., Class C*		2,427		264,907
AT&T, Inc.		3,116		54,655
Charter Communications, Inc., Class A*		49		20,219
Comcast Corp., Class A		1,420		51,390
Electronic Arts, Inc.		152		19,284
Fox Corp., Class A		211		7,212
Fox Corp., Class B		101		3,193
Interpublic Group of Cos., Inc.		378		10,448
Lumen Technologies, Inc.		353		3,516
Meta Platforms, Inc., Class A*		2,275		370,666
New York Times Co., Class A		98		2,988
News Corp., Class A		129		2,183
Omnicom Group, Inc.		103		6,891
Pinterest, Inc., Class A*		223		5,138
Spotify Technology SA*		41		4,434
Take-Two Interactive Software, Inc.*		22		2,696
Verizon Communications, Inc.		826		34,535
Walt Disney Co.*		28		3,138
Warner Bros Discovery, Inc.*		299		3,959

(Cost $1,305,488)				1,175,938

Consumer Discretionary — 12.3%
Advance Auto Parts, Inc.		77		12,985
Amazon.com, Inc.*		950		120,432
AutoNation, Inc.*(a)		69		8,597
AutoZone, Inc.*		17		36,027
Bath & Body Works, Inc.		209		7,802
Best Buy Co., Inc.		404		28,559
Booking Holdings, Inc.*		6		11,255
BorgWarner, Inc.		185		6,975
Burlington Stores, Inc.*(a)		47		6,589
Capri Holdings Ltd.*		123		5,803
Chipotle Mexican Grill, Inc.*		12		19,162
Columbia Sportswear Co.		38		2,707
D.R. Horton, Inc.		156		11,099
Darden Restaurants, Inc.		71		8,783
Deckers Outdoor Corp.*		21		6,753
Dick’s Sporting Goods, Inc.		110		11,701
Dollar General Corp.		177		42,023
Dollar Tree, Inc.*		67		9,091
Domino’s Pizza, Inc.		21		7,809
eBay, Inc.		244		10,768
Expedia Group, Inc.*		74		7,596
Five Below, Inc.*(a)		30		3,836
Floor & Decor Holdings, Inc., Class A*(a)		55		4,475
Garmin Ltd.		115		10,176
Gentex Corp.		194		5,294
Genuine Parts Co.		94		14,665
Grand Canyon Education, Inc.*		48		3,906
Home Depot, Inc.		805		232,178
Kohl’s Corp.		151		4,291
Lear Corp.		33		4,575


	Number of Shares		Value
Consumer Discretionary (Continued)
Lennar Corp., Class A		228	$	17,659
Lithia Motors, Inc.		24		6,371
LKQ Corp.		204		10,857
Lowe’s Cos., Inc.		728		141,334
Lululemon Athletica, Inc.*		54		16,198
Macy’s, Inc.		398		6,893
Mohawk Industries, Inc.*		58		6,401
NIKE, Inc., Class B		476		50,670
NVR, Inc.*		4		16,560
O’Reilly Automotive, Inc.*		57		39,736
Penske Automotive Group, Inc.		26		3,066
Polaris, Inc. (a)		37		4,191
PulteGroup, Inc.		243		9,880
PVH Corp.		53		2,981
Ralph Lauren Corp. (a)		35		3,197
Ross Stores, Inc.		319		27,520
Skechers U.S.A., Inc., Class A*		89		3,364
Starbucks Corp.		613		51,535
Tapestry, Inc.		260		9,030
Target Corp.		710		113,841
Tempur Sealy International, Inc.		180		4,502
Thor Industries, Inc. (a)		64		5,185
TJX Cos., Inc.		927		57,798
Toll Brothers, Inc.		71		3,109
Tractor Supply Co.		114		21,107
Ulta Beauty, Inc.*		41		17,215
VF Corp.		120		4,974
Victoria’s Secret & Co.*		130		4,347
Whirlpool Corp.		54		8,456
Williams-Sonoma, Inc. (a)		124		18,445
Yum! Brands, Inc.		116		12,904

(Cost $1,420,912)				1,365,238

Consumer Staples — 8.3%
Altria Group, Inc.		765		34,517
Archer-Daniels-Midland Co.		558		49,043
BJ’s Wholesale Club Holdings, Inc.*		154		11,472
Clorox Co.		66		9,526
Colgate-Palmolive Co.		391		30,580
Costco Wholesale Corp.		463		241,732
Darling Ingredients, Inc.*		66		5,020
Estee Lauder Cos., Inc., Class A		23		5,851
General Mills, Inc.		68		5,222
Hershey Co.		21		4,718
Hormel Foods Corp.		67		3,369
Kimberly-Clark Corp.		62		7,906
Kroger Co.		543		26,031
Monster Beverage Corp.*		172		15,279
PepsiCo, Inc.		22		3,790
Performance Food Group Co.*		63		3,149
Philip Morris International, Inc.		921		87,946
Procter & Gamble Co.		1,041		143,596
Sysco Corp.		69		5,673
Tyson Foods, Inc., Class A		182		13,719
US Foods Holding Corp.*		119		3,644


	Number of Shares		Value
Consumer Staples (Continued)
Walgreens Boots Alliance, Inc.		531	$	18,617
Walmart, Inc.		1,506		199,620

(Cost $884,835)				930,020

Energy — 9.9%
Antero Resources Corp.*		125		5,010
APA Corp.		242		9,465
Chesapeake Energy Corp. (a)		75		7,537
Chevron Corp.		1,501		237,248
ConocoPhillips		950		103,977
Coterra Energy, Inc.		120		3,709
Devon Energy Corp.		272		19,209
Diamondback Energy, Inc.		93		12,395
EOG Resources, Inc.		589		71,446
Exxon Mobil Corp.		4,145		396,220
HF Sinclair Corp.		59		3,105
Marathon Oil Corp.		483		12,360
Marathon Petroleum Corp.		650		65,487
Occidental Petroleum Corp. (a)		205		14,555
ONEOK, Inc.		159		9,735
Ovintiv, Inc.		255		13,551
PDC Energy, Inc.		92		6,248
Phillips 66		492		44,014
Pioneer Natural Resources Co.		31		7,850
Targa Resources Corp.		146		9,962
Texas Pacific Land Corp.		2		3,681
Valero Energy Corp.		399		46,731

(Cost $930,875)				1,103,495

Financials — 8.7%
Affiliated Managers Group, Inc.		20		2,547
Aflac, Inc.		60		3,565
Allstate Corp.		149		17,954
Aon PLC, Class A		24		6,702
Apollo Global Management, Inc.		160		8,893
Arch Capital Group Ltd.*		160		7,315
Berkshire Hathaway, Inc., Class B*		1,712		480,730
Blackstone, Inc.		430		40,394
Capital One Financial Corp.		46		4,868
Carlyle Group, Inc.		288		9,369
Cboe Global Markets, Inc.		58		6,842
Cincinnati Financial Corp.		175		16,968
Coinbase Global, Inc., Class A*		233		15,564
Credit Acceptance Corp.*		10		5,321
Discover Financial Services		82		8,240
Erie Indemnity Co., Class A		21		4,513
Evercore, Inc., Class A		86		8,057
FactSet Research Systems, Inc.		23		9,967
Fidelity National Financial, Inc.		172		6,725
First American Financial Corp.		124		6,634
Franklin Resources, Inc.		237		6,179
Janus Henderson Group PLC		109		2,551
Lazard Ltd., Class A (a)		143		5,198
LPL Financial Holdings, Inc.		32		7,083
Markel Corp.*		5		5,971
MarketAxess Holdings, Inc.		18		4,475
Marsh & McLennan Cos., Inc.		239		38,567


	Number of Shares		Value
Financials (Continued)
MGIC Investment Corp.		413	$	5,902
Moody’s Corp.		104		29,590
MSCI, Inc.		38		17,071
Old Republic International Corp.		192		4,193
Progressive Corp.		273		33,483
S&P Global, Inc.		176		61,984
SEI Investments Co.		121		6,619
Synchrony Financial		245		8,024
T. Rowe Price Group, Inc. (a)		305		36,600
Travelers Cos., Inc.		17		2,748
Willis Towers Watson PLC		112		23,165

(Cost $911,036)				970,571

Health Care — 14.6%
Abbott Laboratories		545		55,944
AbbVie, Inc.		158		21,245
Align Technology, Inc.*		42		10,235
AmerisourceBergen Corp.		27		3,957
Amgen, Inc.		115		27,635
Biogen, Inc.*		117		22,860
Bio-Rad Laboratories, Inc., Class A*		27		13,096
Bristol-Myers Squibb Co.		607		40,918
Cardinal Health, Inc.		77		5,445
Chemed Corp.		12		5,714
Cigna Corp.		144		40,817
Cooper Cos., Inc.		16		4,599
CVS Health Corp.		842		82,642
DaVita, Inc.*		36		3,070
Edwards Lifesciences Corp.*		246		22,165
Elevance Health, Inc.		86		41,720
Eli Lilly & Co.		58		17,471
Exelixis, Inc.*		210		3,725
Gilead Sciences, Inc.		459		29,133
HCA Healthcare, Inc.		163		32,253
Henry Schein, Inc.*		150		11,012
Hologic, Inc.*		229		15,471
Humana, Inc.		67		32,279
IDEXX Laboratories, Inc.*		31		10,776
Incyte Corp.*		87		6,127
Intuitive Surgical, Inc.*		17		3,498
Johnson & Johnson		1,363		219,906
Laboratory Corp. of America Holdings		78		17,571
Masimo Corp.*		21		3,085
McKesson Corp.		235		86,245
Merck & Co., Inc.		188		16,048
Mettler-Toledo International, Inc.*		10		12,125
Moderna, Inc.*		492		65,077
Molina Healthcare, Inc.*		74		24,965
Organon & Co.		274		7,817
Pfizer, Inc.		4,494		203,264
Premier, Inc., Class A		92		3,242
Quest Diagnostics, Inc.		123		15,413
QuidelOrtho Corp.*		55		4,359
Regeneron Pharmaceuticals, Inc.*		116		67,403
Thermo Fisher Scientific, Inc.		36		19,632
United Therapeutics Corp.*		22		4,986
UnitedHealth Group, Inc.		449		233,179


	Number of Shares		Value
Health Care (Continued)
Universal Health Services, Inc., Class B		41	$	4,011
Vertex Pharmaceuticals, Inc.*		143		40,292
Waters Corp.*		29		8,659
West Pharmaceutical Services, Inc.		35		10,384

(Cost $1,513,972)				1,631,470

Industrials — 5.9%
3M Co.		290		36,061
A O Smith Corp.		137		7,734
Acuity Brands, Inc.		33		5,410
AECOM		43		3,145
AGCO Corp.		49		5,327
Alaska Air Group, Inc.*		92		4,008
Allegion PLC		26		2,473
C.H. Robinson Worldwide, Inc.		63		7,191
Carrier Global Corp.		282		11,032
Caterpillar, Inc.		32		5,911
Cintas Corp.		7		2,848
Copart, Inc.*		108		12,922
Cummins, Inc.		128		27,567
Delta Air Lines, Inc.*		159		4,940
Donaldson Co., Inc.		77		3,954
Eaton Corp. PLC		32		4,372
Emerson Electric Co.		110		8,991
Expeditors International of Washington, Inc.		200		20,578
Fastenal Co.		314		15,804
FedEx Corp.		153		32,254
Fortune Brands Home & Security, Inc.		60		3,686
FTI Consulting, Inc.*		29		4,657
General Dynamics Corp.		17		3,892
Graco, Inc.		96		6,129
GXO Logistics, Inc.*		59		2,618
Huntington Ingalls Industries, Inc.		14		3,224
Illinois Tool Works, Inc.		25		4,871
JB Hunt Transport Services, Inc.		84		14,618
JetBlue Airways Corp.*		270		2,103
Johnson Controls International PLC		73		3,952
Knight-Swift Transportation Holdings, Inc.		137		6,920
L3Harris Technologies, Inc.		18		4,107
Landstar System, Inc.		48		7,038
Lennox International, Inc.		25		6,003
Lincoln Electric Holdings, Inc.		26		3,554
Lockheed Martin Corp.		208		87,383
ManpowerGroup, Inc.		53		3,886
Masco Corp.		154		7,834
Nordson Corp.		15		3,408
Northrop Grumman Corp.		15		7,170
Old Dominion Freight Line, Inc.		64		17,370
Otis Worldwide Corp.		100		7,222
Owens Corning		87		7,111
PACCAR, Inc.		29		2,538
Parker-Hannifin Corp.		9		2,385
Pentair PLC		103		4,584
Quanta Services, Inc.		25		3,532
Robert Half International, Inc.		118		9,082
Rockwell Automation, Inc.		12		2,843


	Number of Shares		Value
Industrials (Continued)
Snap-on, Inc.		45	$	9,804
Southwest Airlines Co.*		155		5,688
Tetra Tech, Inc.		21		2,852
Textron, Inc.		74		4,616
Toro Co.		73		6,054
Trex Co., Inc.*		58		2,714
United Parcel Service, Inc., Class B		555		107,953
W.W. Grainger, Inc.		24		13,319
Waste Management, Inc.		116		19,607
Watsco, Inc.		27		7,345
WESCO International, Inc.*		20		2,634
XPO Logistics, Inc.*		89		4,665

(Cost $643,907)				653,493

Information Technology — 24.9%
Accenture PLC, Class A		374		107,884
Adobe, Inc.*		217		81,036
Advanced Micro Devices, Inc.*		655		55,590
Akamai Technologies, Inc.*		63		5,688
Amdocs Ltd.		110		9,402
Apple, Inc.		3,976		625,107
Applied Materials, Inc.		629		59,170
Arista Networks, Inc.*		113		13,546
Autodesk, Inc.*		17		3,430
Automatic Data Processing, Inc.		231		56,459
Broadridge Financial Solutions, Inc.		59		10,099
Cadence Design Systems, Inc.*		113		19,636
Ciena Corp.*		110		5,581
Cirrus Logic, Inc.*		47		3,604
Cisco Systems, Inc.		3,760		168,147
Citrix Systems, Inc.		29		2,980
Cognex Corp.		74		3,116
Cognizant Technology Solutions Corp., Class A		466		29,437
Concentrix Corp.		21		2,641
Corning, Inc.		202		6,933
Dell Technologies, Inc., Class C		249		9,534
Dolby Laboratories, Inc., Class A		39		2,856
Dropbox, Inc., Class A*		127		2,717
EPAM Systems, Inc.*		21		8,956
F5, Inc.*		33		5,183
Fair Isaac Corp.*		10		4,494
First Solar, Inc.*		43		5,485
Fortinet, Inc.*		105		5,112
Gartner, Inc.*		27		7,704
Genpact Ltd.		60		2,819
HP, Inc.		1,871		53,716
Intel Corp.		4,193		133,841
International Business Machines Corp.		67		8,606
Intuit, Inc.		34		14,681
Jack Henry & Associates, Inc.		39		7,496
Keysight Technologies, Inc.*		79		12,947
KLA Corp.		61		20,992
Lam Research Corp.		89		38,974
Lumentum Holdings, Inc.*(a)		44		3,676
Mastercard, Inc., Class A		359		116,449
Micron Technology, Inc.		1,243		70,267


	Number of Shares		Value
Information Technology (Continued)
Microsoft Corp.		2,176	$	568,959
MKS Instruments, Inc.		43		4,283
NetApp, Inc.		66		4,761
NVIDIA Corp.		151		22,792
ON Semiconductor Corp.*		112		7,702
Oracle Corp.		313		23,209
Paychex, Inc.		160		19,734
PayPal Holdings, Inc.*		387		36,161
Qorvo, Inc.*		59		5,297
QUALCOMM, Inc.		591		78,172
Salesforce, Inc.*		63		9,836
Skyworks Solutions, Inc.		130		12,812
Synopsys, Inc.*		18		6,228
Teradyne, Inc.		136		11,511
Texas Instruments, Inc.		650		107,387
VeriSign, Inc.*		15		2,733
Visa, Inc., Class A (a)		151		30,005
Western Union Co.		265		3,927
Zebra Technologies Corp., Class A*		31		9,351

(Cost $2,764,702)				2,770,851

Materials — 3.2%
Air Products and Chemicals, Inc.		31		7,826
Alcoa Corp.		66		3,266
Amcor PLC		277		3,327
Celanese Corp.		85		9,423
CF Industries Holdings, Inc.		179		18,519
Cleveland-Cliffs, Inc.*		579		9,999
Corteva, Inc.		519		31,882
Dow, Inc.		571		29,121
DuPont de Nemours, Inc.		364		20,253
Eagle Materials, Inc.		32		3,828
Eastman Chemical Co.		40		3,640
Freeport-McMoRan, Inc.		1,086		32,146
Huntsman Corp.		135		3,783
International Paper Co.		201		8,366
Louisiana-Pacific Corp.		151		8,189
LyondellBasell Industries NV, Class A		336		27,888
Mosaic Co.		169		9,104
Newmont Corp.		134		5,542
Nucor Corp.		438		58,228
Olin Corp.		146		7,980
Packaging Corp. of America		49		6,709
Reliance Steel & Aluminum Co.		74		13,911
Sherwin-Williams Co.		21		4,874
Southern Copper Corp.		50		2,353
Steel Dynamics, Inc.		271		21,875
United States Steel Corp.		354		8,096

(Cost $331,841)				360,128

Real Estate — 0.9%
CBRE Group, Inc., Class A*		358		28,268
Jones Lang LaSalle, Inc.*		32		5,536
Public Storage REIT		94		31,098
Simon Property Group, Inc. REIT		127		12,951
Weyerhaeuser Co. REIT		757		25,859

(Cost $99,960)				103,712


	Number of Shares		Value
Utilities — 0.4%
Constellation Energy Corp.		44	$	3,590
DTE Energy Co.		91		11,861
Exelon Corp.		131		5,752
NRG Energy, Inc.		253		10,444
Public Service Enterprise Group, Inc.		66		4,248
Sempra Energy		25		4,124
UGI Corp.		87		3,437
Vistra Corp.		135		3,341

(Cost $40,533)				46,797

TOTAL COMMON STOCKS (Cost $10,848,061)				11,111,713

EXCHANGE-TRADED FUNDS — 0.1%
iShares Russell 1000 ETF (Cost $9,774)		43		9,387

SECURITIES LENDING COLLATERAL — 0.0%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (b)(c) (Cost $4,995)		4,995		4,995

CASH EQUIVALENTS — 0.0%
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) (Cost $4,206)		4,206	$	4,206

TOTAL INVESTMENTS — 99.8% (Cost $10,867,036)			$	11,130,301
Other assets and liabilities, net — 0.2%				18,155

NET ASSETS — 100.0%			$	11,148,456

A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:


	Number of Shares		Value
COMMON STOCKS — 99.1%
Communication Services — 2.3%
Activision Blizzard, Inc.		1,818	$	142,695
Alphabet, Inc., Class A*		720		77,918
Alphabet, Inc., Class C*		640		69,856
AT&T, Inc.		11,951		209,621
Cable One, Inc.		24		27,240
Charter Communications, Inc., Class A*		167		68,909
Comcast Corp., Class A		1,831		66,264
DISH Network Corp., Class A*(a)		492		8,536
Electronic Arts, Inc.		1,604		203,500
Fox Corp., Class A		4,916		168,029
Fox Corp., Class B		2,170		68,615
Frontier Communications Parent, Inc.*		4,216		108,604
IAC, Inc.*		100		6,427
Interpublic Group of Cos., Inc.		17,002		469,935
Liberty Broadband Corp., Class C*		290		29,493
Liberty Media Corp.-Liberty Formula One, Class C*		1,158		73,741
Liberty Media Corp-Liberty SiriusXM, Class A*(a)		975		40,502
Liberty Media Corp-Liberty SiriusXM, Class C*		2,233		92,357
Live Nation Entertainment, Inc.*		546		49,337
Lumen Technologies, Inc. (a)		10,831		107,877
Meta Platforms, Inc., Class A*		85		13,849
New York Times Co., Class A		3,274		99,824
News Corp., Class A		3,787		64,076
News Corp., Class B		1,826		31,480
Nexstar Media Group, Inc.		1,125		215,235
Omnicom Group, Inc.		5,907		395,178
Paramount Global, Class B (a)		1,679		39,272
Sirius XM Holdings, Inc. (a)		11,435		69,639
Take-Two Interactive Software, Inc.*		421		51,598
T-Mobile US, Inc.*		203		29,224
Verizon Communications, Inc.		2,206		92,233
Warner Bros Discovery, Inc.*		1,159		15,345
World Wrestling Entertainment, Inc., Class A		642		43,662

(Cost $3,509,845)				3,250,071

Consumer Discretionary — 8.9%
Advance Auto Parts, Inc.		2,653		447,402
Airbnb, Inc., Class A*		78		8,823
Amazon.com, Inc.*		43		5,451
Aptiv PLC*		179		16,724
Aramark		701		25,033
AutoNation, Inc.*(a)		2,686		334,676
AutoZone, Inc.*		400		847,684
Bath & Body Works, Inc.		246		9,183
Best Buy Co., Inc.		3,118		220,411
Booking Holdings, Inc.*		32		60,026
BorgWarner, Inc.		5,567		209,876
Boyd Gaming Corp.		146		7,947
Bright Horizons Family Solutions, Inc.*		104		7,093
Brunswick Corp.		806		60,216
Burlington Stores, Inc.*(a)		149		20,888
CarMax, Inc.*(a)		997		88,175


	Number of Shares		Value
Consumer Discretionary (Continued)
Carter’s, Inc.		1,075	$	79,389
Chipotle Mexican Grill, Inc.*		95		151,696
Choice Hotels International, Inc.		786		90,162
Churchill Downs, Inc.		231		45,528
Columbia Sportswear Co.		1,231		87,696
D.R. Horton, Inc.		1,678		119,390
Darden Restaurants, Inc.		498		61,608
Deckers Outdoor Corp.*		218		70,102
Dick’s Sporting Goods, Inc.		1,140		121,262
Dollar General Corp.		1,685		400,053
Dollar Tree, Inc.*		2,069		280,722
Domino’s Pizza, Inc.		424		157,669
eBay, Inc.		2,910		128,418
Expedia Group, Inc.*		523		53,686
Five Below, Inc.*(a)		191		24,425
Floor & Decor Holdings, Inc., Class A*(a)		369		30,022
Ford Motor Co.		13,626		207,660
Garmin Ltd.		1,407		124,505
General Motors Co.		949		36,261
Gentex Corp.		8,446		230,491
Genuine Parts Co.		4,577		714,058
Grand Canyon Education, Inc.*		2,460		200,195
H&R Block, Inc.		2,658		119,610
Hanesbrands, Inc.		2,206		19,214
Harley-Davidson, Inc.		1,023		39,457
Hasbro, Inc.		1,584		124,851
Hilton Worldwide Holdings, Inc.		212		27,000
Home Depot, Inc.		270		77,873
Hyatt Hotels Corp., Class A*		113		10,127
Kohl’s Corp.		938		26,658
Lear Corp.		853		118,260
Leggett & Platt, Inc.		1,510		57,712
Lennar Corp., Class A		1,704		131,975
Lithia Motors, Inc.		641		170,147
LKQ Corp.		7,510		399,682
Lowe’s Cos., Inc.		1,570		304,800
Lululemon Athletica, Inc.*		273		81,889
Macy’s, Inc.		1,397		24,196
Marriott International, Inc., Class A		251		38,589
Marriott Vacations Worldwide Corp.		57		8,118
Mattel, Inc.*		4,680		103,522
McDonald’s Corp.		396		99,903
MGM Resorts International		249		8,127
Mohawk Industries, Inc.*		604		66,657
Newell Brands, Inc. (a)		3,902		69,651
NIKE, Inc., Class B		689		73,344
NVR, Inc.*		84		347,765
O’Reilly Automotive, Inc.*		961		669,932
Penske Automotive Group, Inc.		1,826		215,304
Petco Health & Wellness Co., Inc.*		581		8,669
Polaris, Inc.		646		73,172
Pool Corp.		187		63,429
PulteGroup, Inc.		3,799		154,467
PVH Corp.		271		15,244
Ralph Lauren Corp. (a)		1,256		114,710
Ross Stores, Inc.		1,200		103,524
Service Corp. International		5,747		354,647


	Number of Shares		Value
Consumer Discretionary (Continued)
Skechers U.S.A., Inc., Class A*		1,897	$	71,707
Starbucks Corp.		1,158		97,353
Tapestry, Inc.		2,530		87,867
Target Corp.		1,282		205,556
Terminix Global Holdings, Inc.*		1,020		43,503
Thor Industries, Inc. (a)		456		36,941
TJX Cos., Inc.		5,372		334,944
Toll Brothers, Inc.		1,599		70,020
TopBuild Corp.*		164		30,137
Tractor Supply Co.		3,417		632,658
Travel + Leisure Co.		651		27,602
Ulta Beauty, Inc.*		446		187,262
Vail Resorts, Inc.		145		32,579
VF Corp.		1,551		64,289
Victoria’s Secret & Co.*		5,844		195,423
Whirlpool Corp.		1,797		281,410
Williams-Sonoma, Inc. (a)		803		119,446
Wyndham Hotels & Resorts, Inc.		399		26,071
Yum! Brands, Inc.		3,138		349,071

(Cost $12,099,865)				13,000,670

Consumer Staples — 7.8%
Albertsons Cos., Inc., Class A		5,181		142,529
Altria Group, Inc.		5,434		245,182
Archer-Daniels-Midland Co.		16,926		1,487,626
BJ’s Wholesale Club Holdings, Inc.*		7,555		562,772
Brown-Forman Corp., Class A		225		15,878
Brown-Forman Corp., Class B		777		56,488
Bunge Ltd.		3,707		367,623
Campbell Soup Co.		3,587		180,713
Casey’s General Stores, Inc.		1,391		297,354
Church & Dwight Co., Inc.		3,550		297,170
Clorox Co.		1,667		240,615
Coca-Cola Co.		900		55,539
Colgate-Palmolive Co.		3,635		284,293
Conagra Brands, Inc.		6,802		233,853
Constellation Brands, Inc., Class A		663		163,131
Costco Wholesale Corp.		551		287,677
Darling Ingredients, Inc.*		3,491		265,525
Estee Lauder Cos., Inc., Class A		573		145,760
Flowers Foods, Inc.		8,240		224,952
General Mills, Inc.		5,097		391,450
Grocery Outlet Holding Corp.*(a)		1,430		57,372
Hershey Co.		1,721		386,657
Hormel Foods Corp.		1,876		94,325
Ingredion, Inc.		1,984		172,747
J M Smucker Co.		2,678		374,893
Kellogg Co.		4,680		340,423
Keurig Dr Pepper, Inc.		3,348		127,626
Kimberly-Clark Corp.		2,696		343,794
Kraft Heinz Co.		3,449		128,993
Kroger Co.		17,973		861,626
Lamb Weston Holdings, Inc.		713		56,705
McCormick & Co., Inc.		1,905		160,153
Molson Coors Beverage Co., Class B		3,737		193,091
Mondelez International, Inc., Class A		2,912		180,136
Monster Beverage Corp.*		1,817		161,404


	Number of Shares		Value
Consumer Staples (Continued)
Olaplex Holdings, Inc.*(a)		1,027	$	13,680
PepsiCo, Inc.		606		104,396
Philip Morris International, Inc.		1,802		172,073
Pilgrim’s Pride Corp.*		1,490		42,420
Post Holdings, Inc.*		1,851		164,295
Procter & Gamble Co.		422		58,211
Reynolds Consumer Products, Inc. (a)		1,159		32,371
Seaboard Corp.		13		50,210
Spectrum Brands Holdings, Inc.		125		7,874
Sysco Corp.		1,490		122,508
Tyson Foods, Inc., Class A		8,390		632,438
US Foods Holding Corp.*		1,259		38,550
Walgreens Boots Alliance, Inc.		8,065		282,759
Walmart, Inc.		354		46,923

(Cost $10,294,135)				11,354,783

Energy — 3.8%
Antero Midstream Corp.		2,213		22,285
Baker Hughes Co.		3,861		97,529
Cheniere Energy, Inc.		887		142,080
Chesapeake Energy Corp. (a)		6,650		668,258
Chevron Corp.		663		104,794
ConocoPhillips		1,955		213,975
Coterra Energy, Inc.		2,181		67,415
Devon Energy Corp.		995		70,267
Diamondback Energy, Inc.		361		48,114
DT Midstream, Inc.		2,176		120,137
Enviva, Inc. (a)		1,011		70,285
EOG Resources, Inc.		2,221		269,407
EQT Corp.		656		31,357
Exxon Mobil Corp.		1,374		131,341
Halliburton Co.		710		21,392
Hess Corp.		1,024		123,679
HF Sinclair Corp.		5,031		264,781
Kinder Morgan, Inc.		12,326		225,812
Marathon Oil Corp.		6,241		159,707
Marathon Petroleum Corp.		6,012		605,709
NOV, Inc.		914		16,150
Occidental Petroleum Corp.		793		56,303
ONEOK, Inc.		2,290		140,217
Ovintiv, Inc.		844		44,850
PDC Energy, Inc.		308		20,916
Phillips 66		7,544		674,886
Pioneer Natural Resources Co.		724		183,331
Schlumberger N.V.		1,718		65,542
Targa Resources Corp.		369		25,177
Texas Pacific Land Corp.		23		42,331
Valero Energy Corp.		5,290		619,565
Williams Cos., Inc.		6,170		209,965

(Cost $4,541,111)				5,557,557

Financials — 13.3%
Affiliated Managers Group, Inc.		1,257		160,092
Aflac, Inc.		4,182		248,494
AGNC Investment Corp. REIT		3,377		40,355
Alleghany Corp.*		524		440,778
Allstate Corp.		4,535		546,467


	Number of Shares		Value
Financials (Continued)
Ally Financial, Inc.		1,385	$	45,982
American Express Co.		590		89,680
American Financial Group, Inc.		1,125		143,640
American International Group, Inc.		2,993		154,888
Ameriprise Financial, Inc.		640		171,526
Annaly Capital Management, Inc. REIT		19,058		122,924
Aon PLC, Class A		562		156,944
Apollo Global Management, Inc.		3,867		214,928
Arch Capital Group Ltd.*		13,434		614,202
Ares Management Corp., Class A		244		18,090
Arthur J Gallagher & Co.		1,173		212,982
Assurant, Inc.		2,105		333,621
Assured Guaranty Ltd.		1,467		74,920
Axis Capital Holdings Ltd.		3,165		168,220
Bank of America Corp.		217		7,293
Bank of Hawaii Corp.		423		33,002
Bank of New York Mellon Corp.		1,913		79,447
Bank OZK		1,398		56,661
Berkshire Hathaway, Inc., Class B*		451		126,641
BlackRock, Inc.		60		39,983
Blackstone, Inc.		3,076		288,959
Brighthouse Financial, Inc.*		360		17,118
Brown & Brown, Inc.		4,090		257,834
Capital One Financial Corp.		722		76,402
Carlyle Group, Inc.		6,917		225,010
Cboe Global Markets, Inc.		2,332		275,106
Charles Schwab Corp.		217		15,396
Chubb Ltd.		1,888		356,926
Cincinnati Financial Corp.		7,023		680,950
Citigroup, Inc.		790		38,560
Citizens Financial Group, Inc.		1,527		56,010
CME Group, Inc.		237		46,360
CNA Financial Corp.		634		24,384
Comerica, Inc.		841		67,532
Commerce Bancshares, Inc.		991		68,151
Credit Acceptance Corp.*		467		248,481
Cullen/Frost Bankers, Inc.		435		56,533
Discover Financial Services		1,356		136,264
East West Bancorp, Inc.		1,170		84,439
Equitable Holdings, Inc.		247		7,348
Erie Indemnity Co., Class A		718		154,320
Evercore, Inc., Class A		2,113		197,967
Everest Re Group Ltd.		1,750		470,837
FactSet Research Systems, Inc.		1,054		456,740
Fidelity National Financial, Inc.		6,661		260,445
Fifth Third Bancorp		2,111		72,091
First American Financial Corp.		6,631		354,759
First Citizens BancShares, Inc., Class A		14		11,367
First Hawaiian, Inc.		1,404		36,097
First Horizon Corp.		3,704		83,784
First Republic Bank		256		38,868
FNB Corp.		3,756		44,772
Franklin Resources, Inc.		7,066		184,211
Globe Life, Inc.		1,873		182,037
Goldman Sachs Group, Inc.		216		71,857
Hanover Insurance Group, Inc.		1,483		191,885
Hartford Financial Services Group, Inc.		4,645		298,720


	Number of Shares		Value
Financials (Continued)
Huntington Bancshares, Inc.		5,914	$	79,248
Interactive Brokers Group, Inc., Class A		889		54,754
Intercontinental Exchange, Inc.		907		91,471
Invesco Ltd.		4,389		72,287
Janus Henderson Group PLC		4,364		102,118
Jefferies Financial Group, Inc.		5,998		192,476
JPMorgan Chase & Co.		105		11,942
Kemper Corp.		150		6,900
KeyCorp		4,152		73,449
KKR & Co., Inc.		991		50,105
Lazard Ltd., Class A (a)		4,599		167,174
Lincoln National Corp.		567		26,116
Loews Corp.		4,114		227,545
LPL Financial Holdings, Inc.		944		208,936
M&T Bank Corp.		644		117,066
Markel Corp.*		513		612,578
MarketAxess Holdings, Inc.		154		38,283
Marsh & McLennan Cos., Inc.		2,303		371,635
MetLife, Inc.		2,363		152,012
MGIC Investment Corp.		11,858		169,451
Moody’s Corp.		564		160,469
Morgan Stanley		600		51,132
Morningstar, Inc.		390		88,916
MSCI, Inc.		335		150,495
Nasdaq, Inc.		2,364		140,729
New York Community Bancorp, Inc. (a)		4,616		45,191
Northern Trust Corp.		693		65,897
Old Republic International Corp.		18,263		398,864
OneMain Holdings, Inc.		746		26,058
PacWest Bancorp		614		16,167
Pinnacle Financial Partners, Inc.		586		47,296
PNC Financial Services Group, Inc.		398		62,884
Popular, Inc.		1,081		83,475
Primerica, Inc.		519		65,783
Principal Financial Group, Inc. (a)		2,213		165,444
Progressive Corp.		3,942		483,486
Prosperity Bancshares, Inc.		1,021		72,368
Prudential Financial, Inc.		1,629		155,977
Raymond James Financial, Inc.		3,106		324,173
Regions Financial Corp.		5,939		128,698
Reinsurance Group of America, Inc.		955		119,719
RenaissanceRe Holdings Ltd.		431		58,297
Rithm Capital Corp. REIT		8,602		81,117
Ryan Specialty Holdings, Inc.*(a)		369		15,631
S&P Global, Inc.		332		116,924
SEI Investments Co.		4,399		240,625
Signature Bank		108		18,831
SLM Corp.		5,004		76,461
Starwood Property Trust, Inc. REIT		545		12,497
State Street Corp.		253		17,293
Stifel Financial Corp.		1,823		108,122
SVB Financial Group*		56		22,765
Synchrony Financial		2,972		97,333
Synovus Financial Corp.		861		34,578
T. Rowe Price Group, Inc. (a)		1,998		239,760
Tradeweb Markets, Inc., Class A		484		33,682
Travelers Cos., Inc.		2,482		401,190


	Number of Shares		Value
Financials (Continued)
Truist Financial Corp.		1,578	$	73,914
Umpqua Holdings Corp.		3,278		58,152
Unum Group		2,727		103,217
US Bancorp		1,664		75,895
Virtu Financial, Inc., Class A		2,613		59,994
Voya Financial, Inc.		1,850		113,831
W.R. Berkley Corp.		4,578		296,654
Webster Financial Corp.		514		24,184
Wells Fargo & Co.		550		24,041
Willis Towers Watson PLC		3,577		739,831
Wintrust Financial Corp.		509		42,929
Zions Bancorp NA		1,709		94,046

(Cost $18,545,730)				19,400,841

Health Care — 11.3%
Abbott Laboratories		1,003		102,958
AbbVie, Inc.		674		90,626
ABIOMED, Inc.*		116		30,076
Acadia Healthcare Co., Inc.*		603		49,404
Agilent Technologies, Inc.		1,364		174,933
Align Technology, Inc.*		27		6,580
AmerisourceBergen Corp.		1,230		180,269
Amgen, Inc.		674		161,962
Avantor, Inc.*		668		16,640
Azenta, Inc.		199		10,489
Baxter International, Inc.		788		45,278
Becton Dickinson and Co.		834		210,518
Biogen, Inc.*		94		18,366
BioMarin Pharmaceutical, Inc.*		510		45,492
Bio-Rad Laboratories, Inc., Class A*		676		327,887
Bio-Techne Corp.		288		95,561
Boston Scientific Corp.*		2,124		85,618
Bristol-Myers Squibb Co.		2,799		188,681
Bruker Corp.		941		52,696
Cardinal Health, Inc.		7,072		500,132
Catalent, Inc.*		482		42,416
Centene Corp.*		3,411		306,103
Change Healthcare, Inc.*		1,560		38,329
Charles River Laboratories International, Inc.*		115		23,604
Chemed Corp.		642		305,714
Cigna Corp.		1,319		373,871
Cooper Cos., Inc.		995		286,003
CVS Health Corp.		4,777		468,863
Danaher Corp.		208		56,141
DaVita, Inc.*		1,032		88,019
DENTSPLY SIRONA, Inc.		1,298		42,535
Dexcom, Inc.*		143		11,756
Doximity, Inc., Class A*(a)		1,139		37,803
Edwards Lifesciences Corp.*		1,572		141,637
Elanco Animal Health, Inc.*		560		8,473
Elevance Health, Inc.		581		281,849
Eli Lilly & Co.		134		40,365
Encompass Health Corp.		1,476		71,689
Enhabit, Inc.*		738		12,251
Enovis Corp.*		383		19,399
Envista Holdings Corp.*		1,486		55,116


	Number of Shares		Value
Health Care (Continued)
Exelixis, Inc.*		2,921	$	51,819
Gilead Sciences, Inc.		5,877		373,013
Globus Medical, Inc., Class A*		1,271		75,230
HCA Healthcare, Inc.		1,215		240,412
Henry Schein, Inc.*		8,447		620,094
Hologic, Inc.*		12,339		833,623
Horizon Therapeutics PLC*		841		49,796
Humana, Inc.		90		43,360
ICU Medical, Inc.*		497		79,023
IDEXX Laboratories, Inc.*		139		48,319
Incyte Corp.*		2,464		173,540
Integra LifeSciences Holdings Corp.*		695		33,158
Intuitive Surgical, Inc.*		246		50,612
Ionis Pharmaceuticals, Inc.*		635		27,000
IQVIA Holdings, Inc.*		536		113,986
Jazz Pharmaceuticals PLC*		115		17,850
Johnson & Johnson		263		42,432
Laboratory Corp. of America Holdings		2,606		587,054
Masimo Corp.*		202		29,672
McKesson Corp.		4,815		1,767,105
Medtronic PLC		715		62,863
Merck & Co., Inc.		1,118		95,432
Mettler-Toledo International, Inc.*		174		210,968
Molina Healthcare, Inc.*		3,104		1,047,196
Neurocrine Biosciences, Inc.*		483		50,536
Organon & Co.		14,322		408,607
PerkinElmer, Inc.		445		60,102
Perrigo Co. PLC		941		35,212
Pfizer, Inc.		3,715		168,029
Premier, Inc., Class A		7,819		275,542
QIAGEN NV*		3,841		174,497
Quest Diagnostics, Inc.		7,568		948,346
QuidelOrtho Corp.*		325		25,760
Regeneron Pharmaceuticals, Inc.*		1,027		596,749
Repligen Corp.*		151		33,125
ResMed, Inc.		676		148,666
Royalty Pharma PLC, Class A		2,293		95,870
Seagen, Inc.*		135		20,829
Sotera Health Co.*		602		10,180
STERIS PLC		174		35,040
Stryker Corp.		353		72,436
Syneos Health, Inc.*		451		27,110
Teleflex, Inc.		224		50,682
Thermo Fisher Scientific, Inc.		74		40,354
United Therapeutics Corp.*		995		225,487
UnitedHealth Group, Inc.		95		49,336
Universal Health Services, Inc., Class B		1,096		107,233
Veeva Systems, Inc., Class A*		129		25,712
Vertex Pharmaceuticals, Inc.*		1,321		372,205
Viatris, Inc.		11,014		105,184
Waters Corp.*		743		221,860
West Pharmaceutical Services, Inc.		626		185,728
Zimmer Biomet Holdings, Inc.		507		53,904
Zoetis, Inc.		594		92,979

(Cost $15,501,995)				16,496,959


	Number of Shares		Value
Industrials — 15.8%
3M Co.		1,257	$	156,308
A O Smith Corp.		5,173		292,016
Acuity Brands, Inc.		889		145,734
Advanced Drainage Systems, Inc.		736		99,875
AECOM		4,542		332,247
AGCO Corp.		1,989		216,224
Alaska Air Group, Inc.*		1,141		49,702
Allegion PLC		1,400		133,140
Allison Transmission Holdings, Inc.		5,609		203,382
AMERCO		467		245,488
AMETEK, Inc.		1,304		156,689
Armstrong World Industries, Inc.		574		48,210
Booz Allen Hamilton Holding Corp.		2,196		210,157
Builders FirstSource, Inc.*		1,322		77,482
BWX Technologies, Inc.		2,039		106,293
C.H. Robinson Worldwide, Inc.		5,736		654,764
CACI International, Inc., Class A*		1,600		449,392
Carlisle Cos., Inc.		540		159,656
Carrier Global Corp.		4,646		181,752
Caterpillar, Inc.		628		115,998
Cintas Corp.		461		187,553
Clean Harbors, Inc.*		711		83,486
Copa Holdings SA, Class A*		147		10,466
Copart, Inc.*		1,602		191,679
CoStar Group, Inc.*		356		24,792
Crane Holdings Co.		2,289		215,990
CSX Corp.		6,952		220,031
Cummins, Inc.		2,207		475,322
Curtiss-Wright Corp.		1,379		202,975
Deere & Co.		282		103,001
Delta Air Lines, Inc.*		2,496		77,551
Donaldson Co., Inc.		3,281		168,479
Dover Corp.		1,785		223,054
Driven Brands Holdings, Inc.*		369		11,598
Dun & Bradstreet Holdings, Inc.		1,720		24,510
Eaton Corp. PLC		1,198		163,695
Emerson Electric Co.		2,494		203,860
Equifax, Inc.		330		62,288
Esab Corp.		2,368		97,301
Expeditors International of Washington, Inc.		5,539		569,908
Fastenal Co.		6,254		314,764
FedEx Corp.		823		173,497
Flowserve Corp.		1,087		33,121
Fortive Corp.		1,307		82,772
Fortune Brands Home & Security, Inc.		1,506		92,514
FTI Consulting, Inc.*		2,200		353,320
Gates Industrial Corp. PLC*		700		7,504
Generac Holdings, Inc.*		44		9,698
General Dynamics Corp.		1,626		372,240
General Electric Co.		165		12,118
Graco, Inc.		3,334		212,843
GXO Logistics, Inc.*		3,214		142,637
HEICO Corp. (a)		326		49,650
HEICO Corp., Class A		418		51,238
Hertz Global Holdings, Inc.*(a)		2,940		54,272
Hexcel Corp.		156		9,153


	Number of Shares		Value
Industrials (Continued)
Honeywell International, Inc.		468	$	88,616
Howmet Aerospace, Inc.		1,007		35,678
Hubbell, Inc.		1,241		256,018
Huntington Ingalls Industries, Inc.		429		98,782
IAA, Inc.*		640		23,846
IDEX Corp.		810		162,980
Illinois Tool Works, Inc.		1,009		196,583
Ingersoll Rand, Inc.		1,985		94,029
ITT, Inc.		553		40,109
Jacobs Solutions, Inc.		1,067		132,927
JB Hunt Transport Services, Inc.		3,155		549,033
JetBlue Airways Corp.*		1,127		8,779
Johnson Controls International PLC		2,991		161,933
KBR, Inc.		3,444		166,345
Kirby Corp.*		608		40,773
Knight-Swift Transportation Holdings, Inc.		8,390		423,779
L3Harris Technologies, Inc.		1,369		312,392
Landstar System, Inc.		2,884		422,881
Leidos Holdings, Inc.		5,530		525,627
Lennox International, Inc.		492		118,139
Lincoln Electric Holdings, Inc.		1,864		254,790
Lockheed Martin Corp.		867		364,235
ManpowerGroup, Inc.		2,144		157,198
Masco Corp.		6,267		318,802
MasTec, Inc.*		425		34,213
MDU Resources Group, Inc.		3,622		109,203
Mercury Systems, Inc.*		341		16,412
Middleby Corp.*		355		51,056
MSA Safety, Inc.		195		23,178
MSC Industrial Direct Co., Inc., Class A		1,434		113,587
Nielsen Holdings PLC		1,839		51,198
Nordson Corp.		991		225,125
Norfolk Southern Corp.		819		199,123
Northrop Grumman Corp.		892		426,367
nVent Electric PLC		3,368		111,009
Old Dominion Freight Line, Inc.		1,118		303,436
Oshkosh Corp.		135		10,768
Otis Worldwide Corp.		3,904		281,947
Owens Corning		3,537		289,079
PACCAR, Inc.		4,442		388,719
Parker-Hannifin Corp.		606		160,590
Pentair PLC		3,346		148,897
Quanta Services, Inc.		524		74,041
Raytheon Technologies Corp.		930		83,468
Republic Services, Inc.		2,210		315,411
Robert Half International, Inc.		5,574		429,031
Rockwell Automation, Inc.		224		53,075
Rollins, Inc.		4,146		139,969
Ryder System, Inc.		2,309		176,500
Schneider National, Inc., Class B		4,285		97,955
Science Applications International Corp.		2,803		255,269
Sensata Technologies Holding PLC		868		34,963
SiteOne Landscape Supply, Inc.*		413		51,691
Snap-on, Inc.		2,186		476,242
Southwest Airlines Co.*		2,769		101,622
Stanley Black & Decker, Inc.		206		18,149


	Number of Shares		Value
Industrials (Continued)
Stericycle, Inc.*		621	$	31,106
Tetra Tech, Inc.		1,865		253,286
Textron, Inc.		4,258		265,614
Timken Co.		559		35,211
Toro Co.		2,032		168,514
Trane Technologies PLC		789		121,561
TransDigm Group, Inc.		30		18,012
TransUnion		823		60,795
Trex Co., Inc.*		336		15,721
Union Pacific Corp.		631		141,666
United Parcel Service, Inc., Class B		1,289		250,723
United Rentals, Inc.*		422		123,241
Univar Solutions, Inc.*		1,492		37,628
Valmont Industries, Inc.		294		81,385
Verisk Analytics, Inc.		1,158		216,731
W.W. Grainger, Inc.		755		418,980
Waste Management, Inc.		2,554		431,703
Watsco, Inc.		1,181		321,267
WESCO International, Inc.*		603		79,403
Westinghouse Air Brake Technologies Corp.		1,918		168,113
WillScot Mobile Mini Holdings Corp.*		2,307		92,603
Woodward, Inc. (a)		656		61,054
XPO Logistics, Inc.*		770		40,363
Xylem, Inc.		676		61,584

(Cost $21,101,057)				23,025,220

Information Technology — 16.2%
Accenture PLC, Class A		429		123,749
Adobe, Inc.*		154		57,510
Advanced Micro Devices, Inc.*		655		55,590
Akamai Technologies, Inc.*		4,670		421,608
Allegro MicroSystems, Inc.*		1,017		23,716
Amdocs Ltd.		9,615		821,794
Amphenol Corp., Class A		5,946		437,209
Analog Devices, Inc.		116		17,578
ANSYS, Inc.*		589		146,249
Apple, Inc.		2,261		355,474
Applied Materials, Inc.		1,903		179,015
Arista Networks, Inc.*		1,557		186,653
Arrow Electronics, Inc.*		5,168		541,658
Aspen Technology, Inc.*		1,015		213,759
Atlassian Corp. PLC, Class A*		159		39,378
Autodesk, Inc.*		350		70,609
Automatic Data Processing, Inc.		1,166		284,982
Avnet, Inc.		4,226		185,479
Black Knight, Inc.*		2,411		159,512
Broadcom, Inc.		210		104,813
Broadridge Financial Solutions, Inc.		1,582		270,791
Cadence Design Systems, Inc.*		3,654		634,956
CDW Corp.		558		95,251
Ciena Corp.*		3,556		180,431
Cirrus Logic, Inc.*		4,147		318,033
Cisco Systems, Inc.		2,766		123,696
Citrix Systems, Inc.		614		63,101
Cognex Corp.		628		26,445


	Number of Shares		Value
Information Technology (Continued)
Cognizant Technology Solutions Corp., Class A		16,546	$	1,045,211
Concentrix Corp.		874		109,932
Corning, Inc.		14,507		497,880
Datadog, Inc., Class A*		70		7,347
Dell Technologies, Inc., Class C		11,730		449,142
Dolby Laboratories, Inc., Class A		2,530		185,297
Dropbox, Inc., Class A*		5,898		126,158
DXC Technology Co.*		1,307		32,387
Entegris, Inc.		1,459		138,430
EPAM Systems, Inc.*		197		84,021
Euronet Worldwide, Inc.*		358		31,740
F5, Inc.*		2,215		347,888
Fair Isaac Corp.*		239		107,407
Fidelity National Information Services, Inc.		418		38,193
First Solar, Inc.*		1,137		145,024
Fiserv, Inc.*		861		87,125
FleetCor Technologies, Inc.*		552		117,317
Fortinet, Inc.*		6,197		301,732
Gartner, Inc.*		2,812		802,320
Genpact Ltd.		5,456		256,323
Global Payments, Inc.		336		41,741
GLOBALFOUNDRIES, Inc.*(a)		289		17,288
Globant SA*		449		94,636
GoDaddy, Inc., Class A*		1,589		120,478
Guidewire Software, Inc.*		294		21,083
Hewlett Packard Enterprise Co.		58,909		801,162
HP, Inc.		64,237		1,844,244
HubSpot, Inc.*		26		8,763
II-VI, Inc.*		1,401		66,169
Intel Corp.		4,659		148,715
International Business Machines Corp.		1,601		205,648
Intuit, Inc.		158		68,221
IPG Photonics Corp.*		148		13,407
Jabil, Inc.		7,511		452,913
Jack Henry & Associates, Inc.		1,912		367,486
Juniper Networks, Inc.		9,554		271,525
Keysight Technologies, Inc.*		1,949		319,422
KLA Corp.		1,385		476,620
Lam Research Corp.		383		167,720
Lattice Semiconductor Corp.*		2,286		123,215
Littelfuse, Inc.		645		153,007
Lumentum Holdings, Inc.*(a)		1,747		145,962
Mandiant, Inc.*		3,830		87,554
Manhattan Associates, Inc.*		787		111,172
Mastercard, Inc., Class A		80		25,950
Microchip Technology, Inc.		3,193		208,343
Micron Technology, Inc.		4,529		256,024
Microsoft Corp.		809		211,529
MKS Instruments, Inc.		552		54,985
Monolithic Power Systems, Inc.		730		330,821
Motorola Solutions, Inc.		1,288		313,512
National Instruments Corp.		2,113		84,013
NCR Corp.*		506		15,711
NetApp, Inc.		4,888		352,571
NortonLifeLock, Inc.		14,345		324,054


	Number of Shares		Value
Information Technology (Continued)
NVIDIA Corp.		67	$	10,113
ON Semiconductor Corp.*		1,579		108,588
Oracle Corp.		1,180		87,497
Palo Alto Networks, Inc.*		259		144,214
Paychex, Inc.		2,745		338,568
Paycom Software, Inc.*		291		102,199
Paycor HCM, Inc.*		395		11,704
Paylocity Holding Corp.*		173		41,693
PTC, Inc.*		708		81,342
Pure Storage, Inc., Class A*		3,023		87,576
Qorvo, Inc.*		1,241		111,417
QUALCOMM, Inc.		1,783		235,837
Roper Technologies, Inc.		474		190,823
Salesforce, Inc.*		79		12,334
ServiceNow, Inc.*		178		77,362
Skyworks Solutions, Inc.		1,859		183,204
SS&C Technologies Holdings, Inc.		3,371		187,967
Switch, Inc., Class A		1,891		64,199
Synopsys, Inc.*		1,826		631,833
Teradata Corp.*		1,900		62,510
Teradyne, Inc.		3,190		270,002
Texas Instruments, Inc.		1,824		301,343
Trimble, Inc.*		1,559		98,607
Tyler Technologies, Inc.*		111		41,238
Universal Display Corp.		99		11,061
VeriSign, Inc.*		1,265		230,508
Viasat, Inc.*		596		22,636
Visa, Inc., Class A		130		25,832
VMware, Inc., Class A		498		57,783
Vontier Corp.		2,325		50,964
Western Digital Corp.*		1,105		46,697
Western Union Co.		10,335		153,165
WEX, Inc.*		54		8,330
Workday, Inc., Class A*		505		83,103
Zebra Technologies Corp., Class A*		276		83,253
Zendesk, Inc.*		111		8,521

(Cost $22,522,674)				23,619,600

Materials — 8.1%
Air Products and Chemicals, Inc.		477		120,419
Albemarle Corp.		90		24,116
Alcoa Corp.		1,392		68,876
Amcor PLC		25,251		303,265
AptarGroup, Inc.		590		60,658
Ashland, Inc.		1,240		126,182
Avery Dennison Corp.		629		115,497
Axalta Coating Systems Ltd.*		2,502		64,427
Ball Corp.		2,567		143,264
Berry Global Group, Inc.*		3,420		185,809
Celanese Corp.		3,406		377,589
CF Industries Holdings, Inc.		5,427		561,477
Chemours Co.		2,148		72,452
Cleveland-Cliffs, Inc.*		3,405		58,804
Corteva, Inc.		7,653		470,124
Crown Holdings, Inc.		1,229		111,335
Dow, Inc.		6,979		355,929
DuPont de Nemours, Inc.		5,876		326,941


	Number of Shares		Value
Materials (Continued)
Eagle Materials, Inc.		1,341	$	160,410
Eastman Chemical Co.		2,400		218,400
Ecolab, Inc.		228		37,353
Element Solutions, Inc.		1,858		34,689
FMC Corp.		1,492		161,255
Freeport-McMoRan, Inc.		3,943		116,713
Graphic Packaging Holding Co.		5,665		126,160
Huntsman Corp.		15,569		436,243
International Paper Co.		7,452		310,152
Linde PLC		512		144,824
Louisiana-Pacific Corp.		4,594		249,133
LyondellBasell Industries NV, Class A		5,648		468,784
Martin Marietta Materials, Inc.		305		106,052
Mosaic Co.		2,777		149,597
NewMarket Corp.		108		31,019
Newmont Corp.		4,233		175,077
Nucor Corp.		9,492		1,261,867
Olin Corp.		5,403		295,328
Packaging Corp. of America		3,247		444,579
PPG Industries, Inc.		806		102,346
Reliance Steel & Aluminum Co.		4,828		907,567
Royal Gold, Inc.		1,404		129,028
RPM International, Inc.		2,658		247,619
Sealed Air Corp.		3,565		191,833
Sherwin-Williams Co.		609		141,349
Silgan Holdings, Inc.		3,713		169,127
Sonoco Products Co.		1,481		93,333
Southern Copper Corp.		834		39,256
SSR Mining, Inc.		451		6,084
Steel Dynamics, Inc.		10,267		828,752
United States Steel Corp.		3,908		89,376
Valvoline, Inc.		2,204		64,070
Vulcan Materials Co.		551		91,736
Westlake Corp.		1,011		99,715
Westrock Co.		4,166		169,098

(Cost $10,708,628)				11,845,088

Real Estate — 4.7%
Alexandria Real Estate Equities, Inc. REIT		365		55,991
American Homes 4 Rent, Class A REIT		1,420		50,495
American Tower Corp. REIT		235		59,702
Americold Realty Trust, Inc. REIT		253		7,443
Apartment Income REIT Corp. REIT		4,061		165,892
AvalonBay Communities, Inc. REIT		886		178,006
Boston Properties, Inc. REIT		668		53,059
Brixmor Property Group, Inc. REIT		2,302		49,447
Camden Property Trust REIT		906		116,430
CBRE Group, Inc., Class A*		5,586		441,071
Cousins Properties, Inc. REIT		2,124		57,029
Crown Castle, Inc. REIT		307		52,445
CubeSmart REIT		1,889		86,988
Digital Realty Trust, Inc. REIT		893		110,402
Douglas Emmett, Inc. REIT		628		12,259
Duke Realty Corp. REIT		6,552		385,585
EastGroup Properties, Inc. REIT		533		87,961
Equinix, Inc. REIT		43		28,267
Equity LifeStyle Properties, Inc. REIT		1,749		122,605


	Number of Shares		Value
Real Estate (Continued)
Equity Residential REIT		3,231	$	236,445
Essex Property Trust, Inc. REIT		421		111,590
Extra Space Storage, Inc. REIT		1,895		376,593
Federal Realty Investment Trust REIT		554		56,104
First Industrial Realty Trust, Inc. REIT		2,928		148,391
Gaming and Leisure Properties, Inc. REIT		1,343		64,827
Healthcare Realty Trust, Inc. REIT (a)		1,663		40,444
Healthpeak Properties, Inc. REIT		2,881		75,626
Highwoods Properties, Inc. REIT		2,707		82,320
Host Hotels & Resorts, Inc. REIT		960		17,059
Invitation Homes, Inc. REIT		1,617		58,665
Iron Mountain, Inc. REIT		2,717		142,941
Jones Lang LaSalle, Inc.*		1,438		248,774
Kilroy Realty Corp. REIT		2,423		118,170
Kimco Realty Corp. REIT		5,079		107,065
Lamar Advertising Co., Class A REIT		1,438		135,014
Life Storage, Inc. REIT		1,097		139,593
Medical Properties Trust, Inc. REIT		6,227		90,976
Mid-America Apartment Communities, Inc. REIT		1,014		167,989
National Retail Properties, Inc. REIT		1,710		76,779
National Storage Affiliates Trust REIT		809		40,871
Omega Healthcare Investors, Inc. REIT (a)		920		30,047
Prologis, Inc. REIT		801		99,732
Public Storage REIT		961		317,928
Rayonier, Inc. REIT		2,677		95,087
Realty Income Corp. REIT (a)		654		44,655
Regency Centers Corp. REIT		1,199		72,947
Rexford Industrial Realty, Inc. REIT		922		57,358
SBA Communications Corp. REIT		202		65,700
Simon Property Group, Inc. REIT		660		67,307
SL Green Realty Corp. REIT		727		32,112
Spirit Realty Capital, Inc. REIT		701		28,636
STORE Capital Corp. REIT		884		23,850
Sun Communities, Inc. REIT		522		80,237
UDR, Inc. REIT		1,162		52,139
Ventas, Inc. REIT		143		6,844
VICI Properties, Inc. REIT (a)		3,319		109,494
Vornado Realty Trust REIT (a)		521		13,661
Welltower, Inc. REIT		231		17,706
Weyerhaeuser Co. REIT		22,597		771,914
WP Carey, Inc. REIT		1,470		123,524

(Cost $6,518,619)				6,768,191

Utilities — 6.9%
AES Corp.		5,494		139,822
Alliant Energy Corp.		3,328		203,141
Ameren Corp.		3,382		313,241
American Electric Power Co., Inc.		3,532		353,906
American Water Works Co., Inc.		1,194		177,249
Atmos Energy Corp.		521		59,071
Avangrid, Inc. (a)		840		41,496
Brookfield Renewable Corp., Class A		1,041		39,964


	Number of Shares		Value
Utilities (Continued)
CenterPoint Energy, Inc.		6,179	$	194,824
CMS Energy Corp.		7,577		511,751
Consolidated Edison, Inc.		4,282		418,523
Constellation Energy Corp.		755		61,601
Dominion Energy, Inc.		2,786		227,895
DTE Energy Co.		5,495		716,218
Duke Energy Corp.		2,451		262,036
Edison International		2,926		198,295
Entergy Corp.		3,506		404,242
Essential Utilities, Inc.		3,202		157,378
Evergy, Inc.		4,970		340,594
Eversource Energy		3,431		307,726
Exelon Corp.		9,519		417,979
FirstEnergy Corp.		9,255		366,035
Hawaiian Electric Industries, Inc.		3,913		153,077
IDACORP, Inc.		1,691		184,725
National Fuel Gas Co.		6,099		434,676
NextEra Energy, Inc.		937		79,701
NiSource, Inc.		11,253		332,076
NRG Energy, Inc.		15,587		643,431
OGE Energy Corp.		5,134		208,132
Pinnacle West Capital Corp.		2,888		217,611
PPL Corp.		6,793		197,541
Public Service Enterprise Group, Inc.		2,640		169,910
Sempra Energy		1,495		246,630
Southern Co.		3,638		280,381
UGI Corp.		8,609		340,056
Vistra Corp.		1,916		47,421
WEC Energy Group, Inc.		3,273		337,577
Xcel Energy, Inc.		4,005		297,371

(Cost $8,893,987)				10,083,303

TOTAL COMMON STOCKS (Cost $134,237,646)				144,402,283

EXCHANGE-TRADED FUNDS — 0.2%
iShares Russell 1000 ETF (Cost $396,682)		1,750		382,042

SECURITIES LENDING COLLATERAL — 0.2%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (b)(c) (Cost $304,334)		304,334		304,334

CASH EQUIVALENTS — 0.5%
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) (Cost $657,286)		657,286	$	657,286


TOTAL INVESTMENTS — 100.0% (Cost $135,595,948)			$	145,745,945
Other assets and liabilities, net — (0.0)%				(45,700	)

NET ASSETS — 100.0%			$	145,700,245

A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:

DBX ETF Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end registered management investment company organized as a Delaware statutory trust.

As of August 31, 2022, the Trust consists of thirty-five investment series of exchange-traded funds (“ETFs”) (each a “Fund” and collectively, the “Funds”) in operation and trading. These financial statements report on the Funds listed below:

DBX Advisors LLC (“DBX” or the “Advisor”), an indirect, wholly-owned subsidiary of DWS Group GmbH & Co. KGaA (“DWS Group”), serves as investment advisor to the Funds and has overall responsibility for the general management and administration of the Funds, subject to the supervision of the Funds’ Board of Trustees (“Board”).

Each Fund offers shares that are listed and traded on the NYSE Arca, Inc. (“NYSE Arca”). Unlike conventional mutual funds, each Fund issues and redeems shares on a continuous basis, at net asset value (“NAV”), only in large specified lots consisting of 50,000 shares, except for Xtrackers MSCI Kokusai Equity ETF which lots consist of 10,000 shares effective February 24, 2022, each called a “Creation Unit”, to authorized participants who have entered into agreements with the Funds’ distributor. Shares are not individually redeemable securities of the Funds, and owners of the shares may acquire those shares from the Funds, or tender such shares for redemption to the Funds, in Creation Units only.

The investment objective of each Fund is to track the performance, before fees and expenses, of a particular index (the “Underlying Index”). The underlying indices for the Funds are:

The FTSE Developed ex US Comprehensive Factor is designed to track the equity market performance of companies in developed countries (except the United States) selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size. The companies eligible for the Underlying Index are derived from its starting universe, the FTSE Developed ex US Index, which is comprised of large- and mid-capitalization equity securities from developed markets (except the United States). The Underlying Index is rebalanced semiannually in March and September after the close of business on the third Friday of the review month.

The MSCI Kokusai Index, also known as the MSCI World ex Japan Index, is designed to track the performance of equity markets in developed markets (excluding Japan). The index is reviewed quarterly in February, May, August and November, with the objective of reflecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cutoff points are recalculated.

The Russell 1000 2Qual/Val 5% Capped Factor Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of quality and value. The companies eligible for the Underlying Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. The Underlying Index is rebalanced annually in June after the close of business on the third Friday of the review month. Upon a rebalancing, no issuer in the Underlying Index may represent more than 5% of the Underlying Index. In the event an issuer represents more than 5% of the Underlying Index at a rebalancing, such amount in excess of 5% shall be reallocated pro-rata to the other issuers in the Underlying Index.

The Russell 1000 Comprehensive Factor Index is designed to track the equity market performance of companies in the United States selected on the investment style criteria (“factors”) of value, momentum, quality, low volatility and size.

The companies eligible for the Underlying Index are derived from its starting universe, the Russell 1000 Index, which is comprised of large-cap equity securities from issuers in the United States. The Underlying Index is rebalanced semiannually in June and December after the close of business on the third Friday of the review month.

Each Fund is entitled to use its respective Underlying Index pursuant to a licensing agreement between the Index Provider and DBX. There is no charge to the Funds in connection with these licensing agreements.

Each Fund, except Xtrackers MSCI Kokusai Equity ETF is diversified. Xtrackers MSCI Kokusai Equity ETF is non-diversified and is not limited by the Act with regard to the percentage of its assets that may be invested in the securities of a single issuer. This means the securities of a particular issuer (or securities of issuers in particular industries) may dominate the Underlying Index of the Fund and, consequently, the Fund’s investment portfolio. This may adversely affect the Fund’s performance or subject the Fund’s shares to greater price volatility than that experienced by more diversified investment companies. Each Fund may change its diversification status over time and then change it back again, without shareholder approval, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index each Fund tracks.

Pursuant to the Trust’s organizational documents, the Trust’s officers and trustees are indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business the Trust enters into contracts that contain a variety of representations that provide indemnification for certain liabilities. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Trust expects the risk of loss to be remote.

The financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. Each Fund qualifies as an investment company under Topic 946 of the Accounting Standards Codification of U.S. GAAP. The following is a summary of significant accounting policies followed by the Funds.

Security Valuation The NAV of each Fund’s shares is calculated each business day as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. Eastern Time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding.

The Funds’ Board has designated the Advisor as the valuation designee for the Funds pursuant to Rule 2a-5 under the 1940 Act. The Advisor’s Pricing Committee (the “Pricing Committee”) typically values securities using readily available market quotations or prices supplied by independent pricing services (which are considered fair values under Rule 2a-5). The Advisor has adopted fair valuation procedures that provide methodologies for fair valuing securities.

Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

Equity securities and ETFs are valued at the most recent sale price or official closing price reported on the exchange (U.S. or foreign) or over-the-counter market on which they trade. Securities or ETFs for which no sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation. Equity securities and ETFs are generally categorized as Level 1.

Corporate and sovereign debt securities are valued at prices supplied by independent pricing services approved by the Pricing Committee. Such services may use various pricing techniques which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as broker quotes. If the pricing services are unable to provide valuations, securities are valued at the mean between the bid and ask quotations or evaluated prices, as applicable, obtained from broker-dealers. These securities are generally categorized as Level 2.

Investments in open-end investment companies are valued at their NAV each business day and are categorized as Level 1.

Futures contracts are generally valued at the settlement prices established each day on the exchange on which they are traded and are categorized as Level 1.

Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Pricing Committee and are generally categorized as Level 3. In accordance with the Funds’ valuation procedures, factors considered in determining value may include, but are not limited to, the type of the security; the size of the holding; the initial cost of the security; the existence of any contractual restrictions on the security’s disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities); an analysis of the company’s or issuer’s financial statements; an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold; and with respect to debt securities, the maturity, coupon, creditworthiness, currency denomination and the movement of the market in which the security is normally traded. The value determined under these procedures may differ from published values for the same securities.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s NAV and the prices used by the Fund’s Underlying Index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s Underlying Index.

Disclosure about the classification of the fair value measurements is included in a table following the Fund’s Schedule of Investments.

Cash Cash consists of cash held at banks and is on deposit with major financial institutions.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses from the sale or disposition of securities are calculated on the identified cost-method. Dividend income is net of any foreign taxes withheld at source. Certain dividends from foreign securities may be recorded subsequent to the ex-dividend date as soon as the Fund is informed of such dividends. Interest income is recorded on the accrual basis. Distributions received from foreign domiciled corporations, generally determined to be passive foreign investment companies for tax reporting purposes, are included in dividend income.

Tax Information and Dividends and Distributions to Shareholders It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (“the Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends from its net investment income, if any, to investors quarterly. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Funds reserve the right to declare special distributions if, in their reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with Federal income tax regulations which may differ from U.S. GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified at the end of the year within the components of net assets based on their federal tax treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profits for the full year for tax purposes, are reported as a tax return of capital.

In accordance with U.S. GAAP requirements regarding accounting for uncertainties in income taxes, management has analyzed the Funds’ tax positions taken or expected to be taken on foreign, federal and state income tax returns for all open tax years and has concluded that no provision for income tax is required in the Funds’ financial statements.

The Funds recognize interest and penalties, if any, related to uncertain tax positions as income tax expense on the Statements of Operations. For the year ended August 31, 2022, the Funds did not incur any interest or penalties.

As of August 31, 2022, the components of accumulated earnings (losses) on a tax basis were as follows:

The tax character of dividends and distributions declared for the years ended August 31, 2022 and August 31, 2021 were as follows:

At August 31, 2022, for Federal income tax purposes, the Funds have capital loss carryforwards available as shown in the table below, to the extent provided by regulations, to offset future capital gains for an unlimited period. To the extent that these loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will not be distributed to shareholders.

For the fiscal year ended August 31, 2022, the effect of permanent “book/tax” reclassifications to the components of net assets are included below. These differences are primarily due to redemptions-in-kind and equalization.

As of August 31, 2022, the aggregate cost of investments for federal income tax purposes, the net unrealized appreciation or (depreciation) and the aggregated gross unrealized appreciation (depreciation) on investments were as follows:

Foreign Taxes The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, capital gains on investments, certain foreign currency transactions or other corporate events. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are paid by the Funds and are reflected in their Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on capital gains from sales of investments and foreign currency transactions are included in their respective net realized gain (loss) categories, and deferred foreign taxes on unrealized gains are included in net change in unrealized appreciation (depreciation). Receivables and payables related to foreign taxes as of August 31, 2022, if any, are disclosed in the Funds’ Statements of Assets and Liabilities.

Foreign Currency Translations The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.

Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the acquisition and disposition of foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. The portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed, but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.

Securities Lending The Funds may lend securities to certain financial institutions under the terms of their securities lending agreement. During the term of the loans, the Funds continue to receive interest and dividends generated by the securities and to participate in any changes in their market value. The Funds require the borrowers of the securities to maintain collateral with the Funds consisting of cash and/or securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities having a value at least equal to the value of the securities loaned. When the collateral falls below specified amounts, the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the securities lending agreement. During the year ended August 31, 2022, the Funds invested the cash collateral into a joint trading account in DWS Government & Agency Securities Portfolio, an affiliated money market fund managed by DWS Investment Management Americas, Inc. DWS Investment Management Americas, Inc. receives a management/administration fee (0.06% annualized effective rate as of August 31, 2022) on the cash collateral invested in DWS Government & Agency Securities Portfolio. The Funds receive compensation for lending their securities either in the form of fees or by earning interest on invested cash collateral, net of borrower rebates and fees paid to a lending agent. Either the Fund or the borrower may terminate the loan at any time and the borrower, after notice, is required to return borrowed securities within a standard time period. There may be risks of delay and costs in recovery of securities or even loss of rights in the collateral should the borrower of the securities fail financially. If the Funds are not able to recover securities lent, the Funds may sell the collateral and purchase a replacement investment in the market, incurring the risk that the value of the replacement security is greater than the value of the collateral. The Funds are also subject to all investment risks associated with the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.

As of August 31, 2022, the Funds listed below had securities on loan. The value of the related collateral exceeded the value of the securities loaned at period end.

Futures Contracts Each Fund may enter into futures contracts. These futures contracts will be used to simulate investment in the respective Underlying Index, to facilitate trading or to reduce transaction costs. Each Fund will enter into futures contracts that are traded on a U.S. or non-U.S. exchange. No Fund will use futures for speculative purposes. Futures contracts provide for the future sale by one party and purchase by another party of a specified amount of a specific instrument or index at a specified future time and at a specified price. For the year ended August 31, 2022, Xtrackers FTSE Developed ex US Multifactor ETF, Xtrackers MSCI Kokusai Equity ETF, Xtrackers Russell 1000 US Quality at a Reasonable Price ETF and Xtrackers Russell US Multifactor ETF utilized futures in order to simulate investment in the Underlying Index. To the extent required by law, liquid assets committed to futures contracts will be maintained.

At the time each Fund enters into a futures contract, each Fund deposits and maintains as collateral an initial margin with the broker, as required by the exchange on which the transaction is affected. Pursuant to the contract, each Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract. Such receipts or payments are known as variation margin and are recorded by each Fund as unrealized gains or losses. Risks may arise from the potential inability of a counterparty to meet the terms of the contract. The credit/counterparty risk for exchange-traded futures contracts is generally less than privately negotiated futures contracts, since the clearinghouse, which is the issuer or counterparty to each exchange-traded future, provides a guarantee of performance. The guarantee is supported by a daily payment system (i.e., margin requirements).

Use of long futures contracts subjects each Fund to risk of loss in excess of the amounts shown on the Statement of Assets and Liabilities, up to the notional value of the futures contracts. Use of short futures contracts subjects each Fund to unlimited risk of loss. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day’s settlement price, which could effectively prevent liquidation of unfavorable positions.

A summary of the open futures contracts as of August 31, 2022 is included in a table following the Funds’ Schedule of Investments.

The following tables summarize the value of the Funds’ derivative instruments held as of August 31, 2022 and the related location in the accompanying Statement of Assets and Liabilities, presented by primary underlying risk exposure:

Additionally, the amount of realized and unrealized gains and losses on derivative instruments recognized in the Funds’ earnings during the year ended August 31, 2022 and the related location in the accompanying Statement of Operations is summarized in the following tables by primary underlying risk exposure:

For the year ended August 31, 2022 the average monthly volume of derivatives was as follows:

Affiliated Cash Management Vehicles The Funds may invest uninvested cash balances in DWS Government Money Market Series and DWS ESG Liquidity Fund, affiliated money market funds which are managed by DWS Investment Management Americas, Inc. (“DIMA”), also an indirect, wholly owned subsidiary of DWS Group GmbH & Co. KGaA. Each affiliated money market fund is managed in accordance with Rule 2a-7 under the 1940 Act, which governs the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest. DWS Government Money Market Series seeks to maintain a stable NAV, and DWS ESG Liquidity Fund maintains a floating NAV. The Funds indirectly bear their proportionate share of the expenses of each affiliated

money market fund in which they invest. The Advisor will waive an amount of the unitary advisory fee payable to the Advisor by the Funds equal to such acquired fund’s fees and expenses on the Funds’ assets invested in the affiliated money market funds.

The Advisor has overall responsibility for the general management and administration of the Funds, subject to the supervision of the Funds’ Board of Trustees. Under an investment advisory agreement between the Trust, on behalf of the Funds, and the Advisor (the “Investment Advisory Agreement”), the Advisor is responsible for arranging sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services for the Funds to operate.

For its investment advisory services to the Funds below, the Advisor is entitled to receive a unitary advisory fee from each Fund based on each Fund’s average daily net assets, computed and accrued daily and payable monthly, at an annual rate equal to:

The Advisor for Xtrackers FTSE Developed ex US Multifactor ETF has contractually agreed, until December 16, 2022, to waive a portion of its unitary advisory fee to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, taxes, brokerage expenses, distribution fees or expenses, litigation expenses and other extraordinary expenses) from exceeding 0.24% of the Fund’s average daily net assets. For the year ended August 31, 2022, the Advisor waived $75,805 of expenses to the Fund.

The Advisor for the Funds below has contractually agreed to waive a portion of its unitary advisory fee in an amount equal to the acquired fund’s fees and expenses attributable to the Funds’ investments in affiliated Funds. For the year ended August 31, 2022, the Advisor waived expenses of the Funds as follows:

Out of the unitary advisory fee, the Advisor pays substantially all expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit and other services, and expenses of the Independent Trustees. Each Fund is responsible for the payment of interest expense, acquired fund fees and expenses, taxes, brokerage expenses, distribution fees or expenses, if any, litigation expenses and extraordinary expenses.

The Bank of New York Mellon, a wholly-owned subsidiary of The Bank of New York Mellon Corporation, serves as Administrator, Custodian, Accounting Agent, Lending Agent and Transfer Agent for each Fund.

ALPS Distributors, Inc. (the “Distributor”) serves as the distributor of Creation Units for each Fund on an agency basis. The Distributor does not maintain a secondary market in shares of the Funds.

The Board of Trustees is currently comprised of three Independent Trustees. The Advisor paid retainer fees and attendance fees to each Independent Trustee; retainer fees to the Chairman of the Board of Trustees and Chairman of the Audit Committee; and attendance fees to each member of the Audit Committee (which is comprised of all of the Funds’ Independent Trustees).

For the year ended August 31, 2022, the cost of investments purchased and proceeds from sale of investments (excluding in-kind transactions and short-term investments) were as follows:

For the year ended August 31, 2022, the cost of in-kind purchases and proceeds from in-kind sales were as follows:

As of August 31, 2022 there were unlimited Fund shares, no par value, authorized by the Trust. Fund shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in capital shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of securities constituting a portfolio sampling representation of the securities included in the respective Fund’s Underlying Index and an amount of cash, which under certain circumstances may include cash in lieu of portfolio securities. Investors purchasing and redeeming Creation Units pay a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.

A novel coronavirus known as COVID-19, declared a pandemic by the World Health Organization, has caused significant uncertainty, market volatility, decreased economic and other activity, increased government activity, including economic stimulus measures, and supply chain interruptions. The full effects, duration and costs of the COVID-19 pandemic are impossible to predict, and the circumstances surrounding the COVID-19 pandemic will continue to evolve, including the risk of future increased rates of infection due to significant portions of the population remaining unvaccinated and/or the lack of effectiveness of current vaccines against new variants. The pandemic has affected and may continue to affect certain countries, industries, economic sectors, companies and investment products more than others, may exacerbate existing economic, political, or social tensions and may increase the probability of an economic recession or depression. The Funds’ and their investments may be adversely affected by the effects of the COVID-19 pandemic, and the pandemic may result in the Funds and their service providers experiencing operational difficulties in coordinating a remote workforce and implementing their business continuity plans, among others. Management will continue to monitor the impact COVID-19 has on the Funds and reflect the consequences as appropriate in the Funds’ accounting and financial reporting.

Xtrackers FTSE Developed ex US Multifactor ETF, Xtrackers MSCI Kokusai Equity ETF, Xtrackers Russell 1000 US Quality at a Reasonable Price ETF and Xtrackers Russell US Multifactor ETF and the Board of Trustees of DBX ETF Trust

We have audited the accompanying statements of assets and liabilities of Xtrackers FTSE Developed ex US Multifactor ETF, Xtrackers MSCI Kokusai Equity ETF, Xtrackers Russell 1000 US Quality at a Reasonable Price ETF and Xtrackers Russell US Multifactor ETF (collectively referred to as the “Funds”), (four of the funds constituting DBX ETF Trust (the “Trust”)), including the schedules of investments, as of August 31, 2022, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (four of the funds constituting DBX ETF Trust) at August 31, 2022, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of August 31, 2022, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more investment companies in the DWS family of funds since at least 1979, but we are unable to determine the specific year.

The Board has responsibility for the overall management and operations of the funds, including general supervision of the duties performed by the Advisor and other service providers. Each Board Member serves until his or her successor is duly elected or appointed and qualified. Each officer serves until he or she resigns, is removed, dies, retires or becomes disqualified.

The Trust currently has three Board Members. The three Independent Board Members have no affiliation or business connection with the Advisor or any of its affiliated persons and do not own any stock or other securities issued by the Advisor.

The Independent Board Members of the Trust, their term of office and length of time served, their principal business occupations during the past five years, the number of portfolios in the fund complex (defined below) overseen by each Independent Board Member, and other directorships, if any, held by the Board Members are shown below. The fund complex includes all registered open- and closed-end funds (including all of their portfolios) advised by the Advisor and any registered funds that have an investment advisor that is an affiliated person of the Advisor. As of the date of this shareholder report, the fund complex consists of the funds in the Trust, as well as the registered funds advised by affiliates of the Advisor.

Shareholder Communications to the Board. Shareholders may send communications to the Trust’s Board by addressing the communications directly to the Board (or individual Board Members) and/or otherwise clearly indicating in the salutation that the communication is for the Board (or individual Board Members). The shareholder may send the communication to either the Trust’s office or directly to such Board members c/o 875 Third Avenue, New York, NY 10022. Other shareholder communications received by the Trust not directly addressed and sent to the Board will be reviewed and generally responded to by management. Such communications will be forwarded to the Board at management’s discretion based on the matters contained therein.

The Funds’ Statement of Additional Information (“SAI”) includes additional information about the Funds’ Board Members. The SAI is available by calling 855-329-3837, or on the Company’s website at www.Xtrackers.com.

The Funds’ policies and procedures for voting proxies for portfolio securities and information about how each Fund voted proxies related to its portfolio securities during the most recent 12-month period ended June 30 are available on our Web site — www.Xtrackers.com (click on “Resources” and “Proxy Voting” at the top of the page) — or on the SEC’s Web site — www.sec.gov. To obtain a written copy of the Funds’ policies and procedures without charge, upon request, call us toll free at (855) 329-3837.

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-PORT. Copies of the filings are available without charge, upon request on the SEC’s website at www.sec.gov and are available by calling the Trust at 855-329-3837.

Information about each Fund’s portfolio holdings is available daily at www.Xtrackers.com.

Information regarding how often shares of each Fund traded on NYSE Arca at a price above (i.e., at a premium) or below (i.e., at a discount) the NAV of the Fund can be found at www.Xtrackers.com.

Form 1099-DIV and other year-end tax information provide shareholders with actual calendar year amounts that should be included in their tax returns. Shareholders should consult their tax advisors.

Each Fund designates the following amounts or, if subsequently determined to be different, the maximum allowable for its year ended August 31, 2022.

* The above percentage is based on ordinary income dividends paid to shareholders during each Fund’s fiscal year.

Each Fund intends to elect to pass through to shareholders the credit for taxes paid to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

Investing involves risk, including the possible loss of principal. Stocks may decline in value. Foreign investing involves greater and different risks than investing in U.S. companies, including currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. Funds investing in a single industry, country or in a limited geographic region, generally are more volatile than more diversified funds. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Because the Funds seek to provide exposure to stocks based on the following multifactors — value, momentum, quality, low volatility and size — it is expected, exposure to such investment factors will detract from performance in some market environments, as more fully explained in the Funds’ prospectus. KOKU is currently non-diversified and can take larger positions in fewer issues, increasing its potential risk. Performance of a Fund may diverge from that of its Underlying Index due to operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies. An investment in any Fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with that Fund. Please read the prospectus for more information.

War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in U.S. and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the Funds and their investments.

Shares of the Funds are bought and sold at market price (not NAV) throughout the day on the NYSE Arca, Inc. Transactions in Fund shares may result in brokerage commissions and may generate tax consequences. There can be no assurance that an active trading market for shares of a Fund will develop or be maintained.

DBX ETF Trust Funds are distributed by ALPS Distributors, Inc. (“ALPS”). The Funds are managed by DBX Advisors LLC which is not affiliated with ALPS.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services.

DEEF, DEUS and QARP have been developed solely by DBX Advisors LLC. The Funds are not in any way connected to or sponsored, endorsed, issued, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE Developed ex US Comprehensive Factor Index, Russell 1000 Comprehensive Factor Index and Russell 1000 2Qual/Val 5% Capped Factor Index vest in the relevant LSE Group company which owns the Indexes. “FTSE^®” “Russell^®” and “FTSE Russell^®” are a trademarks of the relevant LSE Group company and are used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Funds. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Funds or the suitability of the Indexes for the purpose to which it is being put by DBX Advisors LLC.

KOKU is not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with DBX Advisors LLC and any related funds.

Copyright © 2022 DWS Group. All rights reserved. Xtrackers^TM is a trademark of DWS Investment GmbH. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.



Average Annual Total Returns

	Net Asset Value	Market Value	FTSE Developed ex US Comprehensive Factor Index	FTSE Developed ex US Net Tax (US RIC) Index
One Year	-19.75%	-20.05%	-19.42%	-19.24%
Five Year	1.26%	1.01%	1.65%	2.28%
Since Inception¹	3.53%	3.43%	4.05%	4.26%

Cumulative Total Returns

	Net Asset Value	Market Value	FTSE Developed ex US Comprehensive Factor Index	FTSE Developed ex US Net Tax (US RIC) Index
One Year	-19.75%	-20.05%	-19.42%	-19.24%
Five Year	6.44%	5.15%	8.52%	11.95%
Since Inception¹	26.51%	25.66%	30.89%	32.70%


Description	% of Net Assets
Segro PLC (United Kingdom)		0.7%
Imperial Brands PLC (United Kingdom)		0.7%
Ampol Ltd. (Australia)		0.7%
Sonic Healthcare Ltd. (Australia)		0.6%
Tesco PLC (United Kingdom)		0.6%
Rio Tinto Ltd. (Australia)		0.6%
Medibank Pvt Ltd. (Australia)		0.6%
Woodside Energy Group Ltd. (Australia)		0.5%
Metro, Inc. (Canada)		0.5%
Elia Group SA/NV (Belgium)		0.5%



Average Annual Total Returns

	Net Asset Value	Market Value	MSCI Kokusai Index	MSCI World Index
One Year	-14.55%	-14.53%	-14.80%	-15.08%
Since Inception¹	17.49%	17.44%	17.15%	16.32%

Cumulative Total Returns

	Net Asset Value	Market Value	MSCI Kokusai Index	MSCI World Index
One Year	-14.55%	-14.53%	-14.80%	-15.08%
Since Inception¹	47.24%	47.07%	46.20%	43.74%


Description	% of Net Assets
Apple, Inc. (United States)		5.3%
Microsoft Corp. (United States)		3.9%
Alphabet, Inc. (United States)		2.7%
Amazon.com, Inc. (United States)		2.4%
Tesla, Inc. (United States)		1.5%
UnitedHealth Group, Inc. (United States)		1.0%
Johnson & Johnson (United States)		0.9%
Exxon Mobil Corp. (United States)		0.9%
Meta Platforms, Inc. (United States)		0.8%
NVIDIA Corp. (United States)		0.8%



Average Annual Total Returns

	Net Asset Value	Market Value	Russell 1000 2Qual/Val 5% Capped Factor Index	Russell 1000 Index Total Return
One Year	-9.84%	-9.81%	-9.65%	-12.96%
Since Inception¹	11.28%	11.27%	11.53%	11.24%

Cumulative Total Returns

	Net Asset Value	Market Value	Russell 1000 2Qual/Val 5% Capped Factor Index	Russell 1000 Index Total Return
One Year	-9.84%	-9.81%	-9.65%	-12.96%
Since Inception¹	60.19%	60.19%	61.84%	60.00%


	Page
Shareholder Letter		1
Management’s Discussion of Fund Performance		3
Performance Summary
Xtrackers FTSE Developed ex US Multifactor ETF		5
Xtrackers MSCI Kokusai Equity ETF		7
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		9
Xtrackers Russell US Multifactor ETF		11
Fees and Expenses		13
Schedule of Investments
Xtrackers FTSE Developed ex US Multifactor ETF		14
Xtrackers MSCI Kokusai Equity ETF		32
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		42
Xtrackers Russell US Multifactor ETF		47
Statements of Assets and Liabilities		57
Statements of Operations		58
Statements of Changes in Net Assets		59
Financial Highlights		61
Notes to Financial Statements		63
Report of Independent Registered Public Accounting Firm		72
Board Members and Officers		74
Additional Information		77


Industrials			19.6%
Consumer Staples			13.1%
Materials			11.8%
Financials			11.5%
Utilities			8.3%
Real Estate			8.1%
Consumer Discretionary			7.7%
Communication Services			6.9%
Information Technology			4.9%
Health Care			4.6%
Energy			3.5%

Total			100.0%


Information Technology			22.2%
Financials			13.6%
Health Care			13.5%
Consumer Discretionary			10.7%
Industrials			9.3%
Consumer Staples			7.7%
Communication Services			7.2%
Energy			5.5%
Materials			4.2%
Utilities			3.3%
Real Estate			2.8%

Total			100.0%


United States			72.5%
United Kingdom			4.7%
Canada			3.8%
Switzerland			3.3%
France			3.1%
Australia			2.3%
Germany			2.1%
Other			8.2%

Total			100.0%


Information Technology			16.4%
Industrials			15.9%
Financials			13.4%
Health Care			11.4%
Consumer Discretionary			9.0%
Materials			8.2%
Consumer Staples			7.9%
Utilities			7.0%
Real Estate			4.7%
Energy			3.8%
Communication Services			2.3%

Total			100.0%


Information Technology			24.9%
Health Care			14.7%
Consumer Discretionary			12.3%
Communication Services			10.6%
Energy			9.9%
Financials			8.7%
Consumer Staples			8.4%
Industrials			5.9%
Materials			3.3%
Real Estate			0.9%
Utilities			0.4%

Total			100.0%


Ten Largest Equity Holdings as of August 31, 2022 (35.3% of Net Assets)


	Beginning Account Value March 1, 2022		Ending Account Value August 31, 2022		Annualized Expense Ratio			Expenses Paid During the Period Per $1,000⁽¹⁾
Xtrackers FTSE Developed ex US Multifactor ETF
Actual	$	1,000.00	$	864.70		0.24	%	$	1.13
Hypothetical (5% return before expenses)	$	1,000.00	$	1,024.00		0.24	%	$	1.22
Xtrackers MSCI Kokusai Equity ETF
Actual	$	1,000.00	$	893.30		0.09	%	$	0.43
Hypothetical (5% return before expenses)	$	1,000.00	$	1,024.75		0.09	%	$	0.46
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
Actual	$	1,000.00	$	923.80		0.19	%	$	0.92
Hypothetical (5% return before expenses)	$	1,000.00	$	1,024.25		0.19	%	$	0.97
Xtrackers Russell US Multifactor ETF
Actual	$	1,000.00	$	940.30		0.17	%	$	0.83
Hypothetical (5% return before expenses)	$	1,000.00	$	1,024.35		0.17	%	$	0.87


	Value ($) at 8/31/2021		Purchases Cost ($)		Sales Proceeds ($)			Net Realized Gain/(Loss) ($)		Net Change in Unrealized Appreciation (Depreciation) ($)			Income ($)		Capital Gain Distributions ($)		Number of Shares at 8/31/2022		Value ($) at 8/31/2022
COMMON STOCKS — 0.0%
Germany — 0.0%
Deutsche Bank AG (c)
		—		5,968		—			—		(1,867	)		103		—		490		4,101

SECURITIES LENDING COLLATERAL — 1.1%
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (e)(f)
		990,427		—		(258,465	) (g)		—		—			5,818		—		731,962		731,962

CASH EQUIVALENTS — 0.2%
DWS Government Money Market Series “Institutional Shares”, 2.24% (e)
		6,186		3,315,646		(3,220,773	)		—		—			514		—		101,059		101,059

		996,613		3,321,614		(3,479,238	)		—		(1,867	)		6,435		—		833,511		837,122


Contract Description	Currency	Number of Contracts	Notional Amount		Contract Value	Expiration Date		Unrealized Depreciation
MSCI EAFE Futures	USD	5	$	461,475	$456,775		9/16/2022	$	(4,700	)


Assets	Level 1			Level 2		Level 3		Total
Common Stocks (a)	$	65,274,831		$	—	$	0	$	65,274,831
Preferred Stocks (a)		142,548			—		—		142,548
Warrants		533			—		—		533
Short-Term Investments (a)		833,021			—		—		833,021

TOTAL	$	66,250,933		$	—	$	0	$	66,250,933


Liabilities	Level 1			Level 2		Level 3		Total
Derivatives (b)
Futures Contracts	$	(4,700	)	$	—	$	—	$	(4,700	)

TOTAL	$	(4,700	)	$	—	$	—	$	(4,700	)


	Xtrackers FTSE Developed ex US Multifactor ETF			Xtrackers MSCI Kokusai Equity ETF			Xtrackers Russell 1000 US Quality at a Reasonable Price ETF			Xtrackers Russell US Multifactor ETF
Assets
Investment in non-affiliated securities at value	$	65,413,811		$	499,011,732		$	11,121,100		$	144,784,325
Investment in affiliated securities at value		4,101			178,464			—			—
Investment in DWS Government Money Market Series		101,059			995,448			4,206			657,286
Investment in DWS Government & Agency Securities Portfolio*		731,962			339,649			4,995			304,334
Cash		—			—			—			26
Foreign currency at value		188,813			849,132			—			—
Deposit with broker for futures contracts		23,368			161,487			—			47,850
Receivables:
Investment securities sold		—			647,058			—			—
Dividends		219,853			950,596			24,989			291,552
Interest		215			1,836			7			1,265
Securities lending income		654			2,815			44			1,004
Foreign tax reclaim		68,381			273,171			—			—

Total assets	$	66,752,217		$	503,411,388		$	11,155,341		$	146,087,642


Liabilities
Payable upon return of securities loaned	$	731,962		$	339,649		$	4,995		$	304,334
Payables:
Investment securities purchased		—			623,948			—			54,831
Investment advisory fees		13,996			40,411			1,890			21,862
Variation margin on futures contracts		3,152			32,411			—			6,370

Total liabilities		749,110			1,036,419			6,885			387,397

Net Assets, at value	$	66,003,107		$	502,374,969		$	11,148,456		$	145,700,245


Net Assets Consist of
Paid-in capital	$	87,160,256		$	523,874,317		$	14,499,833		$	167,492,360
Distributable earnings (loss)		(21,157,149	)		(21,499,348	)		(3,351,377	)		(21,792,115	)

Net Assets, at value	$	66,003,107		$	502,374,969		$	11,148,456		$	145,700,245


Number of Common Shares outstanding		2,600,001			7,070,001			300,001			3,500,001

Net Asset Value	$	25.39		$	71.06		$	37.16		$	41.63


Investment in non-affiliated securities at cost	$	72,336,389		$	518,761,597		$	10,857,835		$	134,634,328

Investment in affiliated securities at cost	$	5,968		$	240,695		$	–		$	–

Value of securities loaned	$	1,102,919		$	2,565,387		$	135,859		$	2,839,336

Investment in DWS Government Money Market Series at cost	$	101,059		$	995,448		$	4,206		$	657,286

Investment in DWS Government & Agency Securities Portfolio at cost*	$	731,962		$	339,649		$	4,995		$	304,334

Non-cash collateral for securities on loan	$	444,256		$	2,415,063		$	135,137		$	2,601,213

Foreign currency at cost	$	190,923		$	864,288		$	—		$	—


	Xtrackers FTSE Developed ex US Multifactor ETF						Xtrackers MSCI Kokusai Equity ETF
	Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2022			Year Ended August 31, 2021
Increase (Decrease) in Net Assets from Operations
Net investment income (loss)	$	2,378,827		$	1,995,225		$	9,830,418		$	12,961,318
Net realized gain (loss)		4,012,437			5,545,507			108,176,625			66,852,582
Net change in net unrealized appreciation (depreciation)		(21,730,964	)		7,471,727			(190,678,220	)		147,646,826

Net increase (decrease) in net assets resulting from operations		(15,339,700	)		15,012,459			(72,671,177	)		227,460,726

Distributions to Shareholders		(2,665,644	)		(2,769,501	)		(10,748,298	)		(11,461,571	)


Fund Shares Transactions
Proceeds from shares sold		34,320,381			3,122,218			219,667,883			738,181,720
Value of shares redeemed		(21,000,774	)		(17,052,937	)		(436,629,998	)		(283,087,229	)

Net increase (decrease) in net assets resulting from fund share transactions		13,319,607			(13,930,719	)		(216,962,115	)		455,094,491

Total net increase (decrease) in Net Assets		(4,685,737	)		(1,687,761	)		(300,381,590	)		671,093,646

Net Assets
Beginning of year		70,688,844			72,376,605			802,756,559			131,662,913

End of year	$	66,003,107		$	70,688,844		$	502,374,969		$	802,756,559


Changes in Shares Outstanding
Shares outstanding, beginning of year		2,150,001			2,600,001			9,450,001			2,000,001
Shares sold		1,100,000			100,000			2,700,000			11,250,000
Shares redeemed		(650,000	)		(550,000	)		(5,080,000	)		(3,800,000	)

Shares outstanding, end of year		2,600,001			2,150,001			7,070,001			9,450,001


	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF						Xtrackers Russell US Multifactor ETF
	Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2022			Year Ended August 31, 2021
Increase (Decrease) in Net Assets from Operations
Net investment income (loss)	$	265,165		$	1,069,129		$	2,754,876		$	2,521,312
Net realized gain (loss)		5,906,029			28,616,974			19,100,647			23,394,468
Net change in net unrealized appreciation (depreciation)		(6,983,389	)		(7,514,529	)		(35,604,641	)		28,283,557

Net increase (decrease) in net assets resulting from operations		(812,195	)		22,171,574			(13,749,118	)		54,199,337

Distributions to Shareholders		(319,266	)		(1,304,404	)		(2,701,417	)		(2,600,903	)


Fund Shares Transactions
Proceeds from shares sold		1,772,590			22,826,382			38,220,376			79,876,610
Value of shares redeemed		(29,229,939	)		(104,524,407	)		(82,229,358	)		(75,144,279	)

Net increase (decrease) in net assets resulting from fund share transactions		(27,457,349	)		(81,698,025	)		(44,008,982	)		4,732,331

Total net increase (decrease) in Net Assets		(28,588,810	)		(60,830,855	)		(60,459,517	)		56,330,765

Net Assets
Beginning of year		39,737,266			100,568,121			206,159,762			149,828,997

End of year	$	11,148,456		$	39,737,266		$	145,700,245		$	206,159,762


Changes in Shares Outstanding
Shares outstanding, beginning of year		950,001			3,200,001			4,450,001			4,300,001
Shares sold		50,000			700,000			850,000			1,950,000
Shares redeemed		(700,000	)		(2,950,000	)		(1,800,000	)		(1,800,000	)

Shares outstanding, end of year		300,001			950,001			3,500,001			4,450,001


Xtrackers FTSE Developed ex US Multifactor ETF Selected Per Share Data	Years Ended August 31,
	2022			2021			2020			2019			2018
Net Asset Value, beginning of year	$	32.88		$	27.84		$	26.80		$	28.84		$	28.17

Income (loss) from investment operations:
Net investment income (loss)(a)		1.01			0.84			0.62			0.83			0.77
Net realized and unrealized gain (loss)		(7.37	)		5.35			1.32			(2.11	)		0.72

Total from investment operations		(6.36	)		6.19			1.94			(1.28	)		1.49

Less distributions from:
Net investment income		(1.13	)		(1.15	)		(0.90	)		(0.76	)		(0.82	)

Total distributions		(1.13	)		(1.15	)		(0.90	)		(0.76	)		(0.82	)

Net Asset Value, end of year	$	25.39		$	32.88		$	27.84		$	26.80		$	28.84

Total Return (%)		(19.75	)(b)		22.69	(b)		7.49	(b)		(4.51	)(b)		5.32

Ratios to Average Net Assets and Supplemental Data
Net Assets, end of year ($ millions)		66			71			72			72			59
Ratio of expenses before fee waiver (%)		0.35			0.35			0.35			0.35			0.35
Ratio of expenses after fee waiver (%)		0.24			0.24			0.24			0.29			0.35
Ratio of net investment income (loss) (%)		3.45			2.75			2.37			3.05			2.62
Portfolio turnover rate (%)(c)		56			53			43			51			45

Xtrackers MSCI Kokusai Equity ETF Selected Per Share Data	Years Ended August 31,						Period Ended 8/31/2020(d)
Xtrackers MSCI Kokusai Equity ETF Selected Per Share Data	2022			2021			Period Ended 8/31/2020(d)
Net Asset Value, beginning of period	$	84.95		$	65.83		$	50.00

Income (loss) from investment operations:
Net investment income (loss)(a)		1.53			1.28			0.49
Net realized and unrealized gain (loss)		(13.73	)		18.91			15.34

Total from investment operations		(12.20	)		20.19			15.83

Less distributions from:
Net investment income		(1.69	)		(1.06	)		—
Net realized gains		—			(0.01	)		—

Total distributions		(1.69	)		(1.07	)		—

Net Asset Value, end of period	$	71.06		$	84.95		$	65.83

Total Return (%)(b)		(14.55	)		30.87			31.66	**

Ratios to Average Net Assets and Supplemental Data
Net Assets, end of period ($ millions)		502			803			132
Ratio of expenses before fee waiver (%)		0.09			0.09			0.09	*
Ratio of expenses after fee waiver (%)		0.09			0.09			0.09	*
Ratio of net investment income (loss) (%)		1.93			1.73			2.08	*
Portfolio turnover rate (%)(c)		4			6			7	**


Xtrackers Russell 1000 US Quality at a Reasonable Price ETF Selected Per Share Data	Years Ended August 31,												Period Ended 8/31/2018(a)
	2022			2021			2020			2019			Period Ended 8/31/2018(a)
Net Asset Value, beginning of period	$	41.83		$	31.43		$	27.08		$	27.29		$	25.00

Income (loss) from investment operations:
Net investment income (loss)(b)		0.53			0.52			0.52			0.51			0.21
Net realized and unrealized gain (loss)		(4.60	)		10.44			4.42			(0.25	)		2.16

Total from investment operations		(4.07	)		10.96			4.94			0.26			2.37

Less distributions from:
Net investment income		(0.60	)		(0.56	)		(0.59	)		(0.47	)		(0.08	)

Total distributions		(0.60	)		(0.56	)		(0.59	)		(0.47	)		(0.08	)

Net Asset Value, end of period	$	37.16		$	41.83		$	31.43		$	27.08		$	27.29

Total Return (%)		(9.84	)(c)		35.25	(c)		18.72	(c)		1.03	(c)		9.52	**

Ratios to Average Net Assets and Supplemental Data
Net Assets, end of period ($ millions)		11			40			101			111			61
Ratio of expenses before fee waiver (%)		0.19			0.19			0.19			0.19			0.19	*
Ratio of expenses after fee waiver (%)		0.19			0.19			0.19			0.19			0.19	*
Ratio of net investment income (loss) (%)		1.29			1.51			1.85			1.93			2.00	*
Portfolio turnover rate (%)(d)		14			13			22			31			26	**

Xtrackers Russell US Multifactor ETF Selected Per Share Data	Years Ended August 31,
	2022			2021			2020			2019			2018
Net Asset Value, beginning of year	$	46.33		$	34.84		$	33.88		$	33.93		$	29.47

Income (loss) from investment operations:
Net investment income (loss)(b)		0.72			0.56			0.62			0.57			0.52
Net realized and unrealized gain (loss)		(4.76	)		11.47			0.96			(0.09	)		4.44

Total from investment operations		(4.04	)		12.03			1.58			0.48			4.96

Less distributions from:
Net investment income		(0.66	)		(0.54	)		(0.62	)		(0.53	)		(0.50	)

Total distributions		(0.66	)		(0.54	)		(0.62	)		(0.53	)		(0.50	)

Net Asset Value, end of year	$	41.63		$	46.33		$	34.84		$	33.88		$	33.93

Total Return (%)(c)		(8.80	)		34.85			4.93			1.53			16.97

Ratios to Average Net Assets and Supplemental Data
Net Assets, end of year ($ millions)		146			206			150			203			171
Ratio of expenses before fee waiver (%)		0.17			0.17			0.17			0.17			0.19
Ratio of expenses after fee waiver (%)		0.17			0.17			0.17			0.17			0.18
Ratio of net investment income (loss) (%)		1.60			1.40			1.85			1.77			1.62
Portfolio turnover rate (%)(d)		38			39			47			48			45


Fund		Underlying Index
Xtrackers FTSE Developed ex US Multifactor ETF		FTSE Developed ex US Comprehensive Factor Index
Xtrackers MSCI Kokusai Equity ETF		MSCI Kokusai Index
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		Russell 1000 2Qual/Val 5% Capped Factor Index
Xtrackers Russell US Multifactor ETF		Russell 1000 Comprehensive Factor Index


	Undistributed Ordinary Income*		Capital and Other Gains (Losses)			Unrealized Appreciation (Depreciation)			Total Accumulated Earnings (Losses)
Xtrackers FTSE Developed ex US Multifactor ETF	$	286,270	$	(13,935,004	)	$	(7,508,415	)	$	(21,157,149	)
Xtrackers MSCI Kokusai Equity ETF		1,746,836		(3,097,875	)		(20,148,309	)		(21,499,348	)
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		40,276		(3,526,764	)		135,111			(3,351,377	)
Xtrackers Russell US Multifactor ETF		535,643		(30,869,101	)		8,541,343			(21,792,115	)


	Year Ended August 31, 2022
	Ordinary Income*		Long Term Capital Gains
Xtrackers FTSE Developed ex US Multifactor ETF	$	2,665,644	$	—
Xtrackers MSCI Kokusai Equity ETF		10,748,298		—
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		319,266		—
Xtrackers Russell US Multifactor ETF		2,701,417		—

	Year Ended August 31, 2021
	Ordinary Income*		Long Term Capital Gains
Xtrackers FTSE Developed ex US Multifactor ETF	$	2,769,501	$	—
Xtrackers MSCI Kokusai Equity ETF		11,426,407		35,164
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		1,304,404		—
Xtrackers Russell US Multifactor ETF		2,600,903		—


	Short-Term		Long-Term		Total Amount
Xtrackers FTSE Developed ex US Multifactor ETF	$	6,499,149	$	7,435,855	$	13,935,004
Xtrackers MSCI Kokusai Equity ETF		1,443,212		1,654,663		3,097,875
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		544,474		2,982,290		3,526,764
Xtrackers Russell US Multifactor ETF		21,569,550		9,299,551		30,869,101


	Distributable earnings (loss)			Paid-In Capital
Xtrackers FTSE Developed ex US Multifactor ETF	$	(6,181,374	)	$	6,181,374
Xtrackers MSCI Kokusai Equity ETF		(110,870,877	)		110,870,877
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		(5,955,479	)		5,955,479
Xtrackers Russell US Multifactor ETF		(26,542,934	)		26,542,934


	Aggregate Tax Cost		Net Unrealized Appreciation (Depreciation)			Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized (Depreciation)
Xtrackers FTSE Developed ex US Multifactor ETF	$	73,747,260	$	(7,496,327	)	$	2,838,740	$	(10,335,067	)
Xtrackers MSCI Kokusai Equity ETF		520,620,894		(20,097,530	)		30,497,765		(50,595,295	)
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		10,995,190		135,111			939,496		(804,385	)
Xtrackers Russell US Multifactor ETF		137,204,602		8,541,343			15,009,670		(6,468,327	)


Remaining Contractual Maturity of the Agreements, as of August 31, 2022

Securities Lending Transactions	Overnight and Continuous		<30 Days		Between 30 & 90 days		>90 days		Total
Xtrackers FTSE Developed ex US Multifactor ETF
Common Stocks	$	731,962	$	—	$	830	$	443,426	$	1,176,218

Gross amount of recognized liabilities and non-cash collateral for securities lending transactions									$	1,176,218

Xtrackers MSCI Kokusai Equity ETF
Common Stocks	$	339,649	$	2,538	$	18,969	$	2,393,556	$	2,754,712

Gross amount of recognized liabilities and non-cash collateral for securities lending transactions									$	2,754,712

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
Common Stocks	$	4,995	$	7	$	164	$	134,966	$	140,132

Gross amount of recognized liabilities and non-cash collateral for securities lending transactions									$	140,132

Xtrackers Russell US Multifactor ETF
Common Stocks	$	304,334	$	1,483	$	9,782	$	2,589,948	$	2,905,547

Gross amount of recognized liabilities and non-cash collateral for securities lending transactions									$	2,905,547


		Asset Derivatives			Liability Derivatives
Xtrackers FTSE Developed ex US Multifactor ETF

	Equity contracts	Unrealized appreciation on futures contracts*	$	—	Unrealized depreciation on futures contracts*	$	4,700
Xtrackers MSCI Kokusai Equity ETF

	Equity contracts	Unrealized appreciation on futures contracts*	$	18,985	Unrealized depreciation on futures contracts*	$	46,544
Xtrackers Russell US Multifactor ETF

	Equity contracts	Unrealized appreciation on futures contracts*	$	20,770	Unrealized depreciation on futures contracts*	$	—


Net Realized Gain (Loss) from:

	Futures Contracts -Equity Contracts
Xtrackers FTSE Developed ex US Multifactor ETF	$	(111,556	)
Xtrackers MSCI Kokusai Equity ETF		(101,001	)
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		(15,142	)
Xtrackers Russell US Multifactor ETF		(88,792	)

Net Change in Unrealized Appreciation (Depreciation) on:

	Futures Contracts -Equity Contracts
Xtrackers FTSE Developed ex US Multifactor ETF	$	(2,009	)
Xtrackers MSCI Kokusai Equity ETF		(73,643	)
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		(13,743	)
Xtrackers Russell US Multifactor ETF		(4,635	)


	Futures Contracts (Contract Value)
Xtrackers FTSE Developed ex US Multifactor ETF	$	443,130
Xtrackers MSCI Kokusai Equity ETF		1,613,969
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		170,776
Xtrackers Russell US Multifactor ETF		592,953


	Unitary Advisory Fee
Xtrackers FTSE Developed ex US Multifactor ETF		0.35	%
Xtrackers MSCI Kokusai Equity ETF		0.09	%
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		0.19	%
Xtrackers Russell US Multifactor ETF		0.17	%


	Expenses Waived
Xtrackers FTSE Developed ex US Multifactor ETF	$	431
Xtrackers MSCI Kokusai Equity ETF		218
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		138
Xtrackers Russell US Multifactor ETF		272


	Purchases		Sales
Xtrackers FTSE Developed ex US Multifactor ETF	$	39,550,136	$	38,687,220
Xtrackers MSCI Kokusai Equity ETF		23,092,735		25,508,089
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		3,000,410		2,867,520
Xtrackers Russell US Multifactor ETF		64,169,427		64,633,855


Individual fund constituting the DBX ETF Trust	Statement of operations	Statements of changes in net assets	Financial highlights
Xtrackers FTSE Developed ex US Multifactor ETF Xtrackers Russell US Multifactor ETF	For the year ended August 31, 2022	For each of the two years in the period ended August 31, 2022	For each of the five years in the period ended August 31, 2022
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	For the year ended August 31, 2022	For each of the two years in the period ended August 31, 2022	For each of the four years in the period ended August 31, 2022 and the period from April 5, 2018 (commencement of operations) through August 31, 2018
Xtrackers MSCI Kokusai Equity ETF	For the year ended August 31, 2022	For each of the two years in the period ended August 31, 2022	For each of the two years in the period ended August 31, 2022 and the period from April 8, 2020 (commencement of operations) through August 31, 2020