Funds’ investments

MULTIFACTOR DEVELOPED INTERNATIONAL ETF

As of 1-31-25 (unaudited)

	Shares or Principal Amount	Value
COMMON STOCKS - 99.0%		$646,016,040
(Cost $569,533,031)
Australia - 7.3%		47,828,574
ANZ Group Holdings, Ltd.	80,890	1,544,937
APA Group	106,273	452,083
Aristocrat Leisure, Ltd.	20,295	956,641
ASX, Ltd.	7,026	278,199
BHP Group, Ltd.	122,696	3,057,439
BlueScope Steel, Ltd.	54,478	723,448
Brambles, Ltd.	113,037	1,396,036
carsales.com, Ltd.	18,088	457,727
Cochlear, Ltd.	5,620	1,120,455
Coles Group, Ltd.	92,200	1,121,440
Commonwealth Bank of Australia	37,583	3,763,912
Computershare, Ltd.	45,143	990,034
CSL, Ltd.	8,403	1,469,838
Endeavour Group, Ltd. (A)	106,508	281,017
Fortescue, Ltd.	105,947	1,264,196
Goodman Group	29,724	675,796
Insurance Australia Group, Ltd.	284,068	1,630,125
Macquarie Group, Ltd.	8,855	1,330,012
Medibank Private, Ltd.	261,178	651,639
Mirvac Group	117,408	144,636
National Australia Bank, Ltd.	75,735	1,896,202
Northern Star Resources, Ltd.	95,940	1,035,277
Origin Energy, Ltd.	142,084	926,130
Pilbara Minerals, Ltd. (A)(B)	213,000	305,575
Pro Medicus, Ltd.	3,137	544,746
Qantas Airways, Ltd. (B)	42,162	247,732
QBE Insurance Group, Ltd.	219,873	2,871,833
Ramsay Health Care, Ltd. (A)	15,454	325,235
REA Group, Ltd. (A)	1,782	277,581
Reece, Ltd.	24,271	361,823
Rio Tinto, Ltd.	21,966	1,608,532
Santos, Ltd.	493,144	2,168,570
Scentre Group	164,967	379,694
SEEK, Ltd. (A)	12,498	178,988
SGH, Ltd.	14,233	426,491
Sonic Healthcare, Ltd.	49,657	884,295
South32, Ltd.	124,699	261,344
Stockland	89,951	290,073
Suncorp Group, Ltd.	102,573	1,331,422
Telstra Group, Ltd.	187,288	461,443
The GPT Group	62,316	179,966
The Lottery Corp., Ltd.	181,354	571,254
TPG Telecom, Ltd. (A)	35,820	98,308
Transurban Group	44,174	368,666
Treasury Wine Estates, Ltd.	67,560	455,118
Vicinity, Ltd.	131,298	180,993
Wesfarmers, Ltd.	27,899	1,332,994
Westpac Banking Corp.	100,800	2,120,741

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Australia (continued)
WiseTech Global, Ltd.	3,326	$256,855
Woodside Energy Group, Ltd.	91,285	1,406,964
Woolworths Group, Ltd.	40,218	764,119
Austria - 0.3%		1,690,486
ANDRITZ AG	2,359	134,386
BAWAG Group AG (B)(C)	5,450	496,019
Erste Group Bank AG	8,442	521,638
EVN AG	1,263	30,592
IMMOFINANZ AG (B)	482	8,438
OMV AG	5,294	219,475
Raiffeisen Bank International AG	5,418	123,685
Telekom Austria AG	2,502	20,938
Verbund AG	1,200	92,437
Vienna Insurance Group AG Wiener Versicherung Gruppe	1,275	42,878
Belgium - 1.0%		6,293,027
Ackermans & van Haaren NV	2,681	522,847
Ageas SA/NV	20,215	1,046,942
Anheuser-Busch InBev SA/NV	37,725	1,870,259
D’ieteren Group	650	109,735
Elia Group SA/NV (A)	1,383	93,810
KBC Group NV	16,176	1,250,083
Lotus Bakeries NV	27	289,099
Syensqo SA	8,936	710,640
UCB SA	1,522	297,769
Warehouses De Pauw CVA	4,710	101,843
Chile - 0.1%		419,420
Antofagasta PLC	19,568	419,420
Denmark - 2.5%		16,058,524
AP Moller - Maersk A/S, Series A	154	223,549
AP Moller - Maersk A/S, Series B	281	416,712
Coloplast A/S, B Shares	15,521	1,794,660
Danske Bank A/S	55,400	1,660,101
DSV A/S	6,120	1,224,307
Novo Nordisk A/S, B Shares	91,865	7,772,090
Novonesis A/S, B Shares	25,723	1,480,698
Orsted A/S (B)(C)	10,484	406,174
Vestas Wind Systems A/S (B)	78,372	1,080,233
Finland - 1.3%		8,244,252
Elisa OYJ	11,947	515,906
Fortum OYJ	51,750	753,154
Kesko OYJ, A Shares	10,095	190,576
Kesko OYJ, B Shares	22,269	428,270
Kone OYJ, Class B	12,297	639,167
Metso Corp.	57,369	572,524
Neste OYJ	14,768	187,833
Nokia OYJ	168,941	797,414
Nordea Bank ABP	160,977	1,921,104

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Finland (continued)
Sampo OYJ, A Shares	10,548	$436,194
Stora Enso OYJ, R Shares	70,459	783,362
UPM-Kymmene OYJ	15,256	450,406
Wartsila OYJ ABP	29,949	568,342
France - 11.2%		73,170,221
Air Liquide SA	8,150	1,428,435
Airbus SE	16,980	2,949,928
AXA SA	62,996	2,400,116
BNP Paribas SA	72,153	4,929,436
Capgemini SE	15,708	2,873,131
Cie de Saint-Gobain SA	40,257	3,790,696
Credit Agricole SA	125,043	1,890,681
Danone SA	52,741	3,699,718
Dassault Systemes SE	25,163	988,780
Engie SA	134,656	2,227,807
EssilorLuxottica SA	7,322	2,022,398
Hermes International SCA	824	2,333,348
Kering SA	4,469	1,177,465
Legrand SA	15,555	1,598,909
L’Oreal SA	5,629	2,097,808
LVMH Moet Hennessy Louis Vuitton SE	6,675	4,881,582
Orange SA	367,371	3,962,217
Pernod Ricard SA	14,837	1,699,703
Safran SA	12,077	3,011,858
Sanofi	27,632	2,998,873
Schneider Electric SE	7,938	2,024,615
Thales SA	11,613	1,884,485
TotalEnergies SE	139,618	8,184,436
Vinci SA	74,690	8,113,796
Germany - 9.0%		58,498,546
adidas AG	5,575	1,477,270
Allianz SE	11,021	3,602,042
BASF SE	42,798	2,073,709
Bayer AG	55,287	1,243,728
Bayerische Motoren Werke AG	16,673	1,362,328
Beiersdorf AG	5,178	694,111
Daimler Truck Holding AG	72,628	3,220,093
Deutsche Bank AG	174,449	3,434,739
Deutsche Boerse AG	13,396	3,319,912
Deutsche Telekom AG	167,321	5,626,910
DHL Group	42,854	1,550,746
E.ON SE	282,356	3,352,034
Fresenius SE & Company KGaA (B)	49,685	1,909,501
Hannover Rueck SE	3,234	854,932
Hapag-Lloyd AG (A)(C)	2,925	423,263
Heidelberg Materials AG	10,203	1,447,260
Henkel AG & Company KGaA	8,059	624,141
Infineon Technologies AG	29,526	983,888
Mercedes-Benz Group AG	52,842	3,236,587
Merck KGaA	1,797	273,486

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Germany (continued)
Muenchener Rueckversicherungs-Gesellschaft AG	6,699	$3,637,964
Rheinmetall AG	2,768	2,173,643
RWE AG	29,717	923,062
SAP SE	12,784	3,568,258
Siemens AG	12,967	2,796,393
Siemens Energy AG (B)	24,099	1,449,014
Siemens Healthineers AG (C)	5,665	323,662
Talanx AG	9,862	841,692
Volkswagen AG	2,058	216,934
Vonovia SE	60,378	1,857,244
Hong Kong - 1.5%		9,689,265
AIA Group, Ltd.	367,924	2,561,717
BOC Hong Kong Holdings, Ltd.	118,795	384,975
Budweiser Brewing Company APAC, Ltd. (C)	25,000	22,781
CK Asset Holdings, Ltd.	148,969	620,417
CK Hutchison Holdings, Ltd.	95,773	481,840
CK Infrastructure Holdings, Ltd.	23,429	159,369
CLP Holdings, Ltd.	56,071	465,963
Galaxy Entertainment Group, Ltd.	29,641	126,490
Hang Seng Bank, Ltd.	24,189	302,533
Henderson Land Development Company, Ltd.	105,398	292,186
HKT Trust & HKT, Ltd.	156,000	191,807
Hong Kong & China Gas Company, Ltd.	551,065	422,231
Hong Kong Exchanges & Clearing, Ltd.	15,000	581,395
Link REIT	80,236	330,558
MTR Corp., Ltd.	49,913	155,986
Power Assets Holdings, Ltd.	109,573	708,070
Prudential PLC	33,747	284,385
Sun Hung Kai Properties, Ltd.	45,662	409,057
Swire Pacific, Ltd., Class A	32,000	276,811
Swire Pacific, Ltd., Class B	57,500	80,734
Swire Properties, Ltd.	86,801	171,115
Techtronic Industries Company, Ltd.	49,077	658,845
Ireland - 0.6%		4,250,796
AIB Group PLC	83,961	497,069
Bank of Ireland Group PLC	63,475	635,308
Experian PLC	32,477	1,616,996
James Hardie Industries PLC, CHESS Depositary Interest (B)	25,872	881,601
Kerry Group PLC, Class A	2,245	231,395
Kingspan Group PLC	5,552	388,427
Israel - 0.6%		3,904,330
Azrieli Group, Ltd.	729	60,589
Bank Hapoalim BM	58,494	752,639
Bank Leumi Le-Israel BM	82,664	1,037,493
CyberArk Software, Ltd. (B)	412	152,844
Elbit Systems, Ltd.	360	108,791
ICL Group, Ltd.	24,386	145,354
Israel Discount Bank, Ltd., Class A	42,694	313,022

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Israel (continued)
Mizrahi Tefahot Bank, Ltd.	8,795	$419,630
Nice, Ltd. (B)	797	133,528
Teva Pharmaceutical Industries, Ltd. (B)	33,826	605,811
Wix.com, Ltd. (B)	731	174,629
Italy - 2.8%		18,242,569
Banco BPM SpA	93,089	824,486
Davide Campari-Milano NV (A)	29,019	168,571
Enel SpA	205,161	1,464,986
Eni SpA	142,410	2,028,179
Ferrari NV	3,750	1,624,036
FinecoBank SpA	48,552	928,184
Generali	14,982	477,048
Infrastrutture Wireless Italiane SpA (C)	15,506	161,676
Intesa Sanpaolo SpA	448,248	1,953,838
Leonardo SpA	21,208	667,135
Mediobanca Banca di Credito Finanziario SpA	70,766	1,164,530
Moncler SpA	15,085	960,969
Nexi SpA (A)(B)(C)	9,171	46,906
Poste Italiane SpA (C)	33,156	506,325
PRADA SpA	38,200	307,155
Prysmian SpA	12,226	855,860
Recordati Industria Chimica e Farmaceutica SpA	6,637	405,345
Snam SpA	85,621	397,507
Terna - Rete Elettrica Nazionale	96,871	801,992
UniCredit SpA	54,093	2,497,841
Japan - 23.4%		153,064,786
Advantest Corp.	24,300	1,358,823
Aeon Company, Ltd. (A)	21,300	517,885
AGC, Inc.	23,400	678,955
Aisin Corp.	53,900	613,489
Ajinomoto Company, Inc.	14,500	584,776
ANA Holdings, Inc.	21,200	399,015
Asahi Group Holdings, Ltd.	35,200	382,801
Asahi Kasei Corp.	99,400	677,538
Asics Corp.	49,200	1,107,596
Astellas Pharma, Inc.	26,300	257,225
Bandai Namco Holdings, Inc.	32,503	810,424
Bridgestone Corp.	33,200	1,198,287
Canon, Inc.	12,700	411,551
Capcom Company, Ltd.	27,200	624,801
Central Japan Railway Company	26,120	487,315
Chubu Electric Power Company, Inc.	57,000	595,767
Chugai Pharmaceutical Company, Ltd.	14,900	647,960
Concordia Financial Group, Ltd.	88,300	516,685
Dai Nippon Printing Company, Ltd.	45,148	670,004
Daifuku Company, Ltd.	18,600	386,414
Dai-ichi Life Holdings, Inc.	29,300	806,247
Daiichi Sankyo Company, Ltd.	23,200	640,790
Daikin Industries, Ltd.	6,947	824,129

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Japan (continued)
Daito Trust Construction Company, Ltd.	5,286	$567,857
Daiwa House Industry Company, Ltd.	33,500	1,059,625
Daiwa Securities Group, Inc.	108,300	791,006
Denso Corp.	48,400	674,349
Dentsu Group, Inc. (A)	22,200	516,829
Disco Corp.	3,294	951,718
East Japan Railway Company	50,300	901,242
Ebara Corp.	18,900	314,837
Eisai Company, Ltd.	3,572	106,595
ENEOS Holdings, Inc.	412,500	2,096,731
FANUC Corp.	10,750	323,437
Fast Retailing Company, Ltd.	5,157	1,699,462
Fuji Electric Company, Ltd.	13,793	662,260
FUJIFILM Holdings Corp.	33,500	745,286
Fujikura, Ltd.	10,800	438,696
Fujitsu, Ltd.	40,500	789,338
Hankyu Hanshin Holdings, Inc.	24,100	615,379
Hikari Tsushin, Inc. (A)	1,541	354,475
Hitachi Construction Machinery Company, Ltd. (A)	15,300	368,544
Hitachi, Ltd.	132,000	3,363,720
Honda Motor Company, Ltd.	151,862	1,449,971
Hoya Corp.	11,300	1,530,626
Hulic Company, Ltd.	80,000	708,298
Ibiden Company, Ltd.	9,100	270,091
Idemitsu Kosan Company, Ltd.	157,695	1,061,144
Inpex Corp.	76,300	921,414
Isuzu Motors, Ltd.	100,600	1,359,416
ITOCHU Corp.	19,200	890,627
Japan Airlines Company, Ltd.	22,000	363,281
Japan Exchange Group, Inc.	76,500	815,391
Japan Post Bank Company, Ltd.	28,500	296,411
Japan Post Holdings Company, Ltd.	48,300	507,173
Japan Post Insurance Company, Ltd.	14,000	274,123
Japan Real Estate Investment Corp. (A)	217	153,308
Japan Tobacco, Inc.	43,700	1,121,215
JFE Holdings, Inc.	68,600	797,417
Kajima Corp.	43,200	772,495
Kao Corp.	9,400	375,272
Kawasaki Kisen Kaisha, Ltd. (A)	30,200	384,789
KDDI Corp.	46,800	1,567,354
Keisei Electric Railway Company, Ltd.	21,100	202,347
Keyence Corp.	2,870	1,246,416
Kikkoman Corp.	16,900	177,895
Kirin Holdings Company, Ltd. (A)	52,400	664,771
Kobe Bussan Company, Ltd.	10,300	235,067
Komatsu, Ltd.	52,200	1,596,508
Konami Group Corp.	8,100	749,060
Kubota Corp.	27,400	345,309
Kyocera Corp.	41,300	430,870
Kyowa Kirin Company, Ltd.	8,700	130,346

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Japan (continued)
Lasertec Corp.	2,700	$269,738
LY Corp.	65,400	192,124
M3, Inc.	12,800	117,378
Makita Corp.	17,800	530,724
Marubeni Corp.	51,900	776,908
MatsukiyoCocokara & Company	11,400	169,436
Mazda Motor Corp.	95,800	659,186
MEIJI Holdings Company, Ltd.	26,100	526,382
MINEBEA MITSUMI, Inc.	54,400	882,134
Mitsubishi Chemical Group Corp.	219,100	1,124,152
Mitsubishi Corp.	110,300	1,773,276
Mitsubishi Electric Corp.	44,400	737,324
Mitsubishi Estate Company, Ltd.	26,700	391,060
Mitsubishi HC Capital, Inc.	138,700	926,607
Mitsubishi Heavy Industries, Ltd.	45,800	679,088
Mitsubishi UFJ Financial Group, Inc.	284,870	3,639,750
Mitsui & Company, Ltd.	82,300	1,640,154
Mitsui Chemicals, Inc.	19,800	436,661
Mitsui Fudosan Company, Ltd.	61,700	561,615
Mitsui O.S.K. Lines, Ltd.	29,100	993,741
Mizuho Financial Group, Inc.	57,900	1,610,431
MonotaRO Company, Ltd.	15,900	273,283
MS&AD Insurance Group Holdings, Inc.	39,300	824,577
Murata Manufacturing Company, Ltd.	26,400	421,019
NEC Corp.	8,803	882,574
Nexon Company, Ltd.	10,600	138,755
Nidec Corp.	11,500	199,737
Nintendo Company, Ltd.	15,570	1,028,615
Nippon Building Fund, Inc.	233	185,828
Nippon Paint Holdings Company, Ltd.	12,400	78,676
Nippon Sanso Holdings Corp.	18,000	513,206
Nippon Steel Corp.	30,900	644,340
Nippon Telegraph & Telephone Corp.	1,408,650	1,389,092
Nippon Yusen KK (A)	34,900	1,100,753
Nissan Motor Company, Ltd. (A)	137,300	379,315
Nissin Foods Holdings Company, Ltd.	8,748	196,427
Nitori Holdings Company, Ltd.	4,501	528,144
Nitto Denko Corp.	83,970	1,500,994
Nomura Holdings, Inc.	94,500	621,863
Nomura Research Institute, Ltd.	14,000	478,541
NTT Data Group Corp.	26,600	520,319
Obayashi Corp.	60,100	811,360
Obic Company, Ltd.	17,000	510,384
Olympus Corp.	17,100	261,387
Omron Corp. (A)	4,700	156,009
Ono Pharmaceutical Company, Ltd. (A)	9,765	101,717
Oracle Corp. Japan	3,000	275,202
Oriental Land Company, Ltd.	21,400	483,832
ORIX Corp.	36,900	785,659
Osaka Gas Company, Ltd.	46,600	919,662
Otsuka Corp.	16,700	377,786

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Japan (continued)
Otsuka Holdings Company, Ltd.	9,300	$488,633
Pan Pacific International Holdings Corp.	28,600	800,098
Panasonic Holdings Corp.	72,004	742,592
Rakuten Group, Inc. (B)	41,600	263,973
Recruit Holdings Company, Ltd.	31,300	2,209,293
Renesas Electronics Corp. (B)	30,400	413,742
Resona Holdings, Inc. (A)	158,900	1,189,313
Ricoh Company, Ltd.	39,500	455,710
SBI Holdings, Inc.	27,200	790,969
SCREEN Holdings Company, Ltd. (A)	3,900	275,153
SCSK Corp.	10,000	222,732
Secom Company, Ltd.	12,122	409,651
Seiko Epson Corp.	33,400	607,390
Sekisui Chemical Company, Ltd.	46,100	767,788
Sekisui House, Ltd. (A)	44,300	1,025,036
Seven & i Holdings Company, Ltd.	112,400	1,792,521
SG Holdings Company, Ltd.	19,900	188,141
Shimadzu Corp.	13,700	399,897
Shimano, Inc.	2,386	337,599
Shin-Etsu Chemical Company, Ltd.	44,790	1,410,661
Shionogi & Company, Ltd.	23,013	340,328
Shiseido Company, Ltd.	5,577	94,271
SMC Corp.	745	283,278
SoftBank Corp.	658,400	851,222
SoftBank Group Corp.	33,236	2,019,916
Sompo Holdings, Inc.	47,100	1,323,727
Sony Group Corp.	135,300	3,005,696
Subaru Corp. (A)	82,200	1,443,875
Sumitomo Corp.	34,000	738,624
Sumitomo Electric Industries, Ltd.	59,100	1,111,584
Sumitomo Forestry Company, Ltd.	14,900	515,751
Sumitomo Metal Mining Company, Ltd.	29,400	681,222
Sumitomo Mitsui Financial Group, Inc.	106,400	2,657,767
Sumitomo Mitsui Trust Group, Inc.	46,450	1,164,475
Sumitomo Realty & Development Company, Ltd.	22,800	793,914
Suntory Beverage & Food, Ltd.	9,200	286,783
Suzuki Motor Corp.	92,700	1,118,865
Sysmex Corp.	32,044	616,875
T&D Holdings, Inc.	45,100	863,555
Taisei Corp.	18,661	785,606
Takeda Pharmaceutical Company, Ltd.	49,747	1,352,180
TDK Corp.	65,000	792,719
Terumo Corp.	19,000	359,571
The Chiba Bank, Ltd.	63,900	548,422
The Kansai Electric Power Company, Inc.	124,900	1,384,103
TIS, Inc.	15,000	333,226
Toho Company, Ltd.	5,000	226,251
Tokio Marine Holdings, Inc.	57,800	1,926,045
Tokyo Century Corp. (A)	24,900	242,246

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Japan (continued)
Tokyo Electric Power Company Holdings, Inc. (B)	174,200	$460,221
Tokyo Electron, Ltd.	10,471	1,771,989
Tokyo Gas Company, Ltd.	67,300	1,908,825
Tokyu Corp.	40,200	460,541
TOPPAN Holdings, Inc.	25,700	724,944
Toray Industries, Inc.	160,600	1,119,585
TOTO, Ltd. (A)	9,000	221,382
Toyo Suisan Kaisha, Ltd.	1,800	116,823
Toyota Industries Corp.	5,200	437,391
Toyota Motor Corp.	434,840	8,349,995
Toyota Tsusho Corp.	38,700	659,912
Trend Micro, Inc.	9,700	578,179
Unicharm Corp.	37,500	294,236
USS Company, Ltd.	37,400	336,564
West Japan Railway Company	56,262	1,040,220
Yakult Honsha Company, Ltd.	9,800	179,545
Yamaha Motor Company, Ltd.	156,000	1,313,684
Yaskawa Electric Corp. (A)	19,500	571,589
Zensho Holdings Company, Ltd.	6,100	338,267
ZOZO, Inc. (A)	11,000	362,712
Luxembourg - 0.2%		1,517,562
ArcelorMittal SA	55,393	1,391,800
Tenaris SA	6,582	125,762
Macau - 0.0%		67,796
Sands China, Ltd. (B)	28,400	67,796
Netherlands - 4.1%		26,994,392
Adyen NV (B)(C)	595	971,095
Argenx SE (B)	562	375,658
ASM International NV	3,772	2,223,310
ASML Holding NV	9,923	7,454,977
Ferrovial SE	15,645	673,319
Heineken Holding NV	11,247	681,048
Heineken NV	6,502	453,539
ING Groep NV	113,040	1,887,692
Koninklijke Ahold Delhaize NV	66,483	2,360,879
Koninklijke Philips NV (B)	56,419	1,564,791
Prosus NV (B)	36,524	1,404,076
Stellantis NV	146,904	1,979,479
Universal Music Group NV	25,273	707,782
Wolters Kluwer NV	23,299	4,256,747
New Zealand - 0.3%		1,740,340
Auckland International Airport, Ltd.	29,572	144,448
Fisher & Paykel Healthcare Corp., Ltd.	13,365	284,102
Infratil, Ltd. (A)	22,989	145,694
Mainfreight, Ltd.	1,574	64,070
Mercury NZ, Ltd.	13,676	48,787
Meridian Energy, Ltd.	34,837	116,201
Xero, Ltd. (B)	8,197	937,038

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Norway - 0.5%		$3,144,467
Aker BP ASA	22,764	476,650
DNB Bank ASA	29,190	621,789
Equinor ASA	32,267	781,100
Gjensidige Forsikring ASA	2,138	43,916
Kongsberg Gruppen ASA	1,629	193,963
Mowi ASA	6,442	129,531
Norsk Hydro ASA	37,263	220,722
Orkla ASA	9,936	92,553
Salmar ASA	805	42,691
Schibsted ASA, A Shares	1,226	36,440
Schibsted ASA, B Shares	1,408	40,480
Telenor ASA	19,797	242,375
Var Energi ASA	15,736	48,415
Yara International ASA	5,797	173,842
Portugal - 0.1%		724,124
EDP SA	84,370	266,278
Galp Energia SGPS SA	15,773	265,792
Jeronimo Martins SGPS SA	9,698	192,054
Singapore - 1.8%		11,636,969
CapitaLand Ascendas REIT	104,692	200,068
CapitaLand Integrated Commercial Trust	191,568	275,627
CapitaLand Investment, Ltd.	57,300	104,005
DBS Group Holdings, Ltd.	66,813	2,199,165
Genting Singapore, Ltd.	411,400	229,180
Grab Holdings, Ltd., Class A (B)	38,714	177,310
Jardine Cycle & Carriage, Ltd.	15,200	312,568
Keppel, Ltd.	134,500	672,847
Mapletree Pan Asia Commercial Trust (A)	90,800	81,065
Oversea-Chinese Banking Corp., Ltd.	133,368	1,712,243
Sea, Ltd., ADR (B)	4,979	606,392
Sembcorp Industries, Ltd.	46,100	189,802
Singapore Airlines, Ltd. (A)	239,600	1,124,368
Singapore Exchange, Ltd.	87,000	787,641
Singapore Technologies Engineering, Ltd.	125,600	448,538
Singapore Telecommunications, Ltd.	113,000	277,643
United Overseas Bank, Ltd.	75,724	2,095,778
Wilmar International, Ltd.	62,000	142,729
Spain - 3.1%		20,271,050
Aena SME SA (C)	4,156	900,365
Amadeus IT Group SA	30,674	2,263,987
Banco Bilbao Vizcaya Argentaria SA	348,687	4,005,376
Banco Santander SA	504,244	2,602,063
CaixaBank SA	122,357	744,861
Cellnex Telecom SA (B)(C)	16,371	551,228
EDP Renovaveis SA	1,847	17,348
Endesa SA	13,987	310,724
Iberdrola SA	106,172	1,505,461
Iberdrola SA, Interim Shares (B)	1,954	27,707
Industria de Diseno Textil SA	38,476	2,108,679

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Spain (continued)
Naturgy Energy Group SA	9,310	$229,180
Repsol SA	141,680	1,659,884
Telefonica SA (A)	817,524	3,344,187
Sweden - 3.0%		19,502,116
AAK AB	7,736	225,938
AddTech AB, B Shares	11,270	330,579
Alfa Laval AB	5,288	237,018
Assa Abloy AB, B Shares	13,820	425,621
Atlas Copco AB, A Shares	85,888	1,446,048
Atlas Copco AB, B Shares	48,924	733,240
Axfood AB	6,008	129,294
Beijer Ref AB	16,391	244,546
Boliden AB	24,636	742,688
Castellum AB (B)	28,292	308,263
Epiroc AB, A Shares	20,412	391,468
Epiroc AB, B Shares	12,136	203,998
EQT AB	4,686	154,486
Essity AB, B Shares	15,285	388,229
Evolution AB (C)	4,298	331,735
Fastighets AB Balder, B Shares (B)	46,015	329,530
Getinge AB, B Shares	10,894	214,839
Hennes & Mauritz AB, B Shares (A)	22,572	302,474
Hexagon AB, B Shares	41,781	489,614
Holmen AB, B Shares	7,429	282,399
Indutrade AB	8,901	246,603
Lifco AB, B Shares	6,642	219,211
Nibe Industrier AB, B Shares (A)	17,603	70,973
Saab AB, B Shares	4,505	97,947
Sagax AB, B Shares	15,314	338,146
Sandvik AB	45,926	955,118
Skandinaviska Enskilda Banken AB, A Shares	42,163	598,552
Skandinaviska Enskilda Banken AB, C Shares	430	6,275
Skanska AB, B Shares	39,651	853,300
SKF AB, B Shares	41,278	839,045
Svenska Cellulosa AB SCA, B Shares	34,915	482,398
Svenska Handelsbanken AB, A Shares	49,611	550,867
Svenska Handelsbanken AB, B Shares (A)	2,208	33,182
Swedbank AB, A Shares	31,971	698,142
Swedish Orphan Biovitrum AB (B)	6,878	208,840
Tele2 AB, B Shares	60,543	675,264
Telefonaktiebolaget LM Ericsson, B Shares	122,910	931,993
Telia Company AB (A)	119,239	351,808
Trelleborg AB, B Shares	20,126	762,504
Volvo AB, A Shares	16,169	448,840
Volvo AB, B Shares	78,390	2,173,926
Volvo Car AB, B Shares (A)(B)	20,765	47,175
Switzerland - 9.5%		62,390,130
ABB, Ltd.	22,233	1,222,993
Alcon, Inc.	40,116	3,698,598
Chocoladefabriken Lindt & Spruengli AG	9	1,024,833

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
Switzerland (continued)
Cie Financiere Richemont SA, A Shares	14,481	$2,824,277
Coca-Cola HBC AG (B)	14,252	497,618
DSM-Firmenich AG	11,307	1,161,549
Givaudan SA	382	1,677,258
Glencore PLC (B)	399,572	1,740,190
Holcim, Ltd. (B)	43,116	4,365,492
Kuehne + Nagel International AG	4,689	1,072,007
Lonza Group AG	3,978	2,549,635
Nestle SA	62,081	5,297,105
Novartis AG	78,646	8,278,162
Partners Group Holding AG	2,043	3,134,077
Roche Holding AG	16,627	5,236,850
Roche Holding AG, Bearer Shares	1,119	373,883
Schindler Holding AG	1,436	406,423
Schindler Holding AG, Participation Certificates	3,473	1,009,715
Sika AG	7,988	2,052,310
STMicroelectronics NV	76,156	1,727,840
Straumann Holding AG	5,656	811,915
Swiss Re AG	27,913	4,285,086
Swisscom AG	3,049	1,724,202
UBS Group AG	96,678	3,443,166
Zurich Insurance Group AG	4,550	2,774,946
United Arab Emirates - 0.0%		0
NMC Health PLC (B)(D)	5,181	0
United Kingdom - 14.5%		94,647,159
3i Group PLC	34,063	1,652,366
Admiral Group PLC	27,151	911,896
Anglo American PLC	68,544	2,027,455
Ashtead Group PLC	34,574	2,279,452
Associated British Foods PLC	27,967	660,952
AstraZeneca PLC	32,898	4,637,131
Auto Trader Group PLC (C)	76,175	748,123
Aviva PLC	224,853	1,436,069
BAE Systems PLC	43,185	656,792
Barclays PLC	524,042	1,933,910
Barratt Redrow PLC	63,159	357,468
BP PLC	904,246	4,747,084
British American Tobacco PLC	69,376	2,755,913
BT Group PLC (A)	1,072,520	1,891,043
Bunzl PLC	18,266	782,572
Centrica PLC	637,674	1,129,087
Coca-Cola Europacific Partners PLC (A)	17,788	1,405,355
Compass Group PLC	38,940	1,350,422
Diageo PLC	65,183	1,959,223
GSK PLC	98,483	1,719,298
Haleon PLC	213,748	995,175
Halma PLC	20,328	768,617
HSBC Holdings PLC	513,230	5,393,144
Imperial Brands PLC	77,173	2,609,201
Informa PLC	117,441	1,264,305

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
United Kingdom (continued)
InterContinental Hotels Group PLC	6,622	$890,287
Intertek Group PLC	13,524	858,697
JD Sports Fashion PLC	179,940	199,258
Legal & General Group PLC	483,412	1,455,407
Lloyds Banking Group PLC	2,137,765	1,655,924
London Stock Exchange Group PLC	9,979	1,492,268
Melrose Industries PLC	76,747	584,759
Mondi PLC	48,282	757,409
National Grid PLC	153,317	1,866,558
NatWest Group PLC	484,272	2,606,101
Next PLC	14,484	1,791,070
Pearson PLC	51,288	855,547
Reckitt Benckiser Group PLC	9,985	661,285
RELX PLC	58,126	2,907,033
Rentokil Initial PLC	140,530	696,366
Rio Tinto PLC	33,329	2,025,506
Rolls-Royce Holdings PLC (B)	142,533	1,073,252
Segro PLC	40,576	361,696
Severn Trent PLC	15,137	475,290
Shell PLC	275,265	9,161,283
Smith & Nephew PLC	31,707	406,582
SSE PLC	81,817	1,658,610
Standard Chartered PLC	236,939	3,214,940
Tesco PLC	586,033	2,710,267
The Sage Group PLC	69,861	1,170,141
Unilever PLC	66,106	3,804,723
United Utilities Group PLC	36,956	469,758
Vodafone Group PLC	1,525,931	1,302,203
Wise PLC, Class A (B)	13,809	191,144
WPP PLC	132,337	1,271,742
United States - 0.3%		2,025,139
Carnival PLC (B)	4,737	120,662
CRH PLC	5,427	542,702
Flutter Entertainment PLC (B)	5,025	1,361,775
PREFERRED SECURITIES - 0.4%		$2,657,240
(Cost $3,110,041)
Germany - 0.4%		2,657,240
Bayerische Motoren Werke AG	3,597	275,023
Dr. Ing. h.c. F. Porsche AG (C)	1,596	102,268
Henkel AG & Company KGaA	13,883	1,215,469
Volkswagen AG	10,381	1,064,480

MULTIFACTOR DEVELOPED INTERNATIONAL ETF (continued)

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS - 0.6%		$4,044,709
(Cost $4,044,701)
Short-term funds - 0.6%		4,044,709
John Hancock Collateral Trust, 4.2301% (E)(F)	297,734	2,978,356
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.3169% (E)	1,066,353	1,066,353
Total investments (Multifactor Developed International ETF) (Cost $576,687,773) - 100.0%		$652,717,989
Other assets and liabilities, net - 0.0%		45,689
Total net assets - 100.0%		$652,763,678

    

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
Security Abbreviations and Legend
ADR	American Depositary Receipt
(A)	All or a portion of this security is on loan as of 1-31-25. The value of securities on loan amounted to $12,972,798. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $10,747,168 in the form of U.S. Treasuries was pledged to the fund.
(B)	Non-income producing security.
(C)	This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	The rate shown is the annualized seven-day yield as of 1-31-25.
(F)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

The fund had the following sector composition as a percentage of net assets on 1-31-25:

Financials	22.1%
Industrials	18.0%
Consumer discretionary	11.1%
Health care	9.4%
Consumer staples	8.1%
Materials	7.2%
Information technology	6.4%
Communication services	5.6%
Energy	5.4%
Utilities	4.2%
Real estate	1.9%
Short-term investments and other	0.6%
TOTAL	100.0%

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 E-Mini Index Futures	2	Long	Mar 2025	$586,230	$606,725	$20,495
						$20,495

^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

8

JOHN HANCOCK MULTIFACTOR ETFS | QUARTERLY REPORT

SEE NOTES TO FUNDS’ INVESTMENTS

MULTIFACTOR EMERGING MARKETS ETF

As of 1-31-25 (unaudited)

	Shares or Principal Amount	Value
COMMON STOCKS - 99.2%		$600,065,578
(Cost $498,371,174)
Brazil - 3.1%		18,888,558
Ambev SA	255,200	484,930
B3 SA - Brasil Bolsa Balcao	353,600	677,358
Banco Bradesco SA	147,705	278,646
Banco BTG Pactual SA	64,148	357,665
Banco do Brasil SA	180,200	853,879
BB Seguridade Participacoes SA	94,500	623,475
BRF SA	29,900	112,045
Caixa Seguridade Participacoes S/A	34,600	86,952
CCR SA	89,800	172,636
Centrais Eletricas Brasileiras SA	61,737	381,424
Cia de Saneamento Basico do Estado de Sao Paulo	29,700	480,823
Cia Energetica de Minas Gerais	40,978	105,575
Cia Paranaense de Energia	22,900	33,988
Cosan SA	69,100	91,558
CPFL Energia SA	29,100	171,267
Embraer SA (A)	14,700	150,234
Energisa SA	20,702	140,553
Engie Brasil Energia SA	36,925	232,618
Equatorial Energia SA	81,903	422,730
Hapvida Participacoes e Investimentos SA (A)(B)	340,507	141,064
JBS SA	108,400	657,656
Klabin SA	95,810	368,052
Localiza Rent a Car SA	76,411	403,802
Neoenergia SA	10,100	32,419
Petroleo Brasileiro SA	500,400	3,567,861
PRIO SA (A)	70,000	491,192
Raia Drogasil SA	155,972	563,117
Rede D’Or Sao Luiz SA (B)	49,636	237,495
Rumo SA	93,390	294,167
Suzano SA	79,965	853,790
Telefonica Brasil SA	55,800	495,480
TIM SA	118,200	315,861
Ultrapar Participacoes SA	52,700	149,218
Vale SA	358,400	3,323,552
Vibra Energia SA	71,200	205,501
WEG SA	98,700	929,975
Chile - 0.4%		2,627,281
Banco de Chile	3,196,076	395,646
Banco de Credito e Inversiones SA	7,608	232,506
Banco Santander Chile	3,636,556	187,788
Cencosud SA	231,895	590,475
Cia Sud Americana de Vapores SA	1,378,387	76,794
Empresas CMPC SA	149,269	254,504
Empresas COPEC SA	34,525	230,749
Enel Americas SA	2,011,300	180,805
Enel Chile SA	3,797,695	225,506

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Chile (continued)
Falabella SA	66,644	$252,508
China - 22.2%		134,319,071
360 Security Technology, Inc., Class A	25,700	39,269
Agricultural Bank of China, Ltd., H Shares	3,330,000	1,829,201
Aier Eye Hospital Group Company, Ltd., A Shares	71,943	122,108
Alibaba Group Holding, Ltd.	1,160,500	13,151,618
Aluminum Corp. of China, Ltd., H Shares	706,000	449,428
Anhui Conch Cement Company, Ltd., H Shares	190,500	512,215
Anhui Gujing Distillery Company, Ltd., A Shares	2,671	61,064
Anhui Jianghuai Automobile Group Corp., Ltd., Class A	3,300	18,575
Anhui Yingjia Distillery Company, Ltd., Class A	1,800	13,816
ANTA Sports Products, Ltd.	148,200	1,570,141
Avary Holding Shenzhen Company, Ltd., A Shares	6,500	36,229
Bank of Beijing Company, Ltd., Class A	130,700	107,769
Bank of Chengdu Company, Ltd., Class A	21,400	50,639
Bank of China, Ltd., H Shares	7,334,000	3,783,906
Bank of Communications Company, Ltd., H Shares	2,307,000	1,862,394
Bank of Hangzhou Company, Ltd., A Shares	33,600	68,268
Bank of Jiangsu Company, Ltd., Class A	105,500	144,209
Bank of Nanjing Company, Ltd., Class A	70,700	104,037
Bank of Ningbo Company, Ltd., A Shares	62,415	226,650
Bank of Shanghai Company, Ltd., A Shares	111,600	142,869
Baoshan Iron & Steel Company, Ltd., A Shares	211,700	204,282
Beijing Kingsoft Office Software, Inc., Class A	1,215	52,517
Beijing Tong Ren Tang Company, Ltd., Class A	2,700	13,741
Beijing Wantai Biological Pharmacy Enterprise Company, Ltd., Class A	1,960	18,371
Beijing-Shanghai High Speed Railway Company, Ltd., A Shares	121,000	94,941
Bilibili, Inc., Class Z (A)	5,580	95,750
BOE Technology Group Company, Ltd., A Shares	351,500	215,800
BYD Company, Ltd., H Shares	86,500	3,030,764
BYD Electronic International Company, Ltd.	49,000	266,017
Cambricon Technologies Corp. Ltd., Class A (A)	581	45,747
Chaozhou Three-Circle Group Company, Ltd., Class A	4,500	23,477
China CITIC Bank Corp., Ltd., H Shares	1,450,000	1,034,704
China Coal Energy Company, Ltd., H Shares (C)	308,000	353,396
China Construction Bank Corp., H Shares	8,008,000	6,505,806
China Eastern Airlines Corp., Ltd., H Shares (A)	134,000	42,995
China Energy Engineering Corp., Ltd., H Shares	650,000	79,252
China Everbright Bank Company, Ltd., H Shares	500,000	195,082
China Galaxy Securities Company, Ltd., H Shares	351,500	318,044
China Hongqiao Group, Ltd.	315,500	525,590
China International Capital Corp., Ltd., H Shares (B)	221,200	365,090
China Life Insurance Company, Ltd., H Shares	809,000	1,493,072

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
China Longyuan Power Group Corp., Ltd., H Shares	574,000	$421,387
China Mengniu Dairy Company, Ltd.	312,000	619,868
China Merchants Bank Company, Ltd., H Shares	365,500	2,000,690
China Merchants Energy Shipping Company, Ltd., A Shares	29,500	28,101
China Merchants Expressway Network & Technology Holdings Company, Ltd., A Shares	23,600	41,745
China Merchants Securities Company, Ltd., H Shares (B)(C)	86,940	158,446
China Merchants Shekou Industrial Zone Holdings Company, Ltd., A Shares	42,600	57,351
China Minsheng Banking Corp., Ltd., H Shares	966,000	459,965
China Northern Rare Earth Group High-Tech Company, Ltd., Class A	19,600	56,794
China Pacific Insurance Group Company, Ltd., H Shares	380,600	1,130,819
China Petroleum & Chemical Corp., H Shares	2,620,000	1,439,191
China Railway Signal & Communication Corp., Ltd., H Shares (B)	123,000	49,727
China Resources Microelectronics, Ltd., Class A	6,368	39,964
China Resources Mixc Lifestyle Services, Ltd. (B)	30,400	114,708
China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A	3,090	18,813
China Shenhua Energy Company, Ltd., H Shares	428,000	1,722,085
China Southern Airlines Company, Ltd., H Shares (A)	168,000	79,994
China Tourism Group Duty Free Corp., Ltd., H Shares (B)(C)	11,200	67,129
China Tower Corp., Ltd., H Shares (B)	8,274,000	1,189,342
China Vanke Company, Ltd., H Shares (A)(C)	272,372	202,052
China Zheshang Bank Company, Ltd., H Shares	114,700	33,122
Chongqing Rural Commercial Bank, H Shares	83,000	50,706
Chongqing Zhifei Biological Products Company, Ltd., A Shares	13,750	45,596
CITIC Securities Company, Ltd., H Shares	154,750	419,070
CITIC, Ltd.	664,000	746,527
CMOC Group, Ltd., H Shares	561,000	411,844
Contemporary Amperex Technology Company, Ltd., A Shares	17,260	610,612
COSCO SHIPPING Energy Transportation Company, Ltd., H Shares (C)	110,000	100,519
COSCO SHIPPING Holdings Company, Ltd., H Shares	529,699	795,405
CSC Financial Company, Ltd., H Shares (B)(C)	127,500	157,747
CSPC Pharmaceutical Group, Ltd.	1,573,840	900,884
Daqin Railway Company, Ltd., Class A	60,000	54,924
East Money Information Company, Ltd., A Shares	59,406	187,592
ENN Energy Holdings, Ltd.	122,000	822,822
ENN Natural Gas Company, Ltd., Class A	15,100	42,486
Eve Energy Company, Ltd., A Shares	9,800	57,347
Everbright Securities Company, Ltd., H Shares (B)	24,200	23,419

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
Flat Glass Group Company, Ltd., H Shares (C)	39,000	$57,462
Focus Media Information Technology Company, Ltd., A Shares	27,400	24,969
Foshan Haitian Flavouring & Food Company, Ltd., Class A	18,764	105,875
Founder Securities Company, Ltd., A Shares	17,400	18,635
Foxconn Industrial Internet Company, Ltd., Class A	63,500	187,496
Fuyao Glass Industry Group Company, Ltd. , H Shares (B)	97,200	654,936
Ganfeng Lithium Group Company, Ltd., H Shares (B)	34,800	86,290
GD Power Development Company, Ltd., Class A	165,400	95,626
GF Securities Company, Ltd., H Shares	138,000	185,970
GigaDevice Semiconductor, Inc., Class A (A)	2,000	35,074
GoerTek, Inc., A Shares	31,300	119,607
Great Wall Motor Company, Ltd., H Shares (C)	172,000	279,470
Gree Electric Appliances, Inc. of Zhuhai, A Shares	58,100	359,019
Guangdong Haid Group Company, Ltd., A Shares	9,300	63,574
Guangzhou Automobile Group Company, Ltd., H Shares	242,000	94,730
Guosen Securities Company, Ltd., Class A	35,700	50,764
Guotai Junan Securities Company, Ltd., H Shares (B)	94,200	139,276
H World Group, Ltd.	147,400	477,675
Haidilao International Holding, Ltd. (B)	57,000	106,076
Haier Smart Home Company, Ltd., H Shares	351,000	1,157,747
Haitong Securities Company, Ltd., H Shares	368,800	321,391
Hangzhou First Applied Material Company, Ltd., Class A	11,807	23,664
Hansoh Pharmaceutical Group Company, Ltd. (B)	96,000	220,299
Henan Shuanghui Investment & Development Company, Ltd., A Shares	15,000	54,429
Hengli Petrochemical Company, Ltd., A Shares	62,400	128,673
Hithink RoyalFlush Information Network Company, Ltd., Class A	2,300	88,374
Huadian Power International Corp., Ltd., H Shares (C)	166,000	81,172
Huadong Medicine Company, Ltd., Class A	9,000	43,113
Huaneng Power International, Inc., H Shares (C)	370,000	193,747
Huatai Securities Company, Ltd., H Shares (B)	206,400	352,848
Huaxia Bank Company, Ltd., Class A	96,909	101,384
Huayu Automotive Systems Company, Ltd., Class A	17,000	39,314
Huizhou Desay Sv Automotive Company, Ltd., Class A	3,000	44,811
Iflytek Company, Ltd., A Shares	12,000	83,716
Imeik Technology Development Company, Ltd., Class A	1,820	42,595
Industrial & Commercial Bank of China, Ltd., H Shares	6,028,000	4,092,628
Industrial Bank Company, Ltd., A Shares	133,200	372,396

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
Industrial Securities Company, Ltd., Class A	21,100	$17,340
Inner Mongolia BaoTou Steel Union Company, Ltd., Class A (A)	280,300	68,681
Inner Mongolia Yili Industrial Group Company, Ltd., A Shares	39,000	149,406
Innovent Biologics, Inc. (A)(B)	27,500	116,648
JCET Group Company, Ltd., Class A	9,800	52,382
JD Health International, Inc. (A)(B)	62,900	258,733
JD Logistics, Inc. (A)(B)	143,400	245,515
JD.com, Inc., Class A	210,700	4,242,881
Jiangsu Eastern Shenghong Company, Ltd., Class A	35,600	41,997
Jiangsu Expressway Company, Ltd., H Shares	88,000	97,243
Jiangsu Hengli Hydraulic Company, Ltd., A Shares	6,100	52,137
Jiangsu Hengrui Pharmaceuticals Company, Ltd., Class A	22,751	139,834
Jiangsu King’s Luck Brewery JSC, Ltd., Class A	8,400	50,276
Jiangsu Yanghe Distillery Company, Ltd., A Shares	9,790	105,655
Jiangxi Copper Company, Ltd., H Shares	80,000	126,085
KE Holdings, Inc., ADR	62,576	1,090,700
Kuaishou Technology (A)(B)	109,400	591,116
Kweichow Moutai Company, Ltd., A Shares	5,792	1,144,112
Lenovo Group, Ltd.	1,346,000	1,604,849
Lens Technology Company, Ltd., A Shares	25,700	92,016
Li Auto, Inc., Class A (A)	86,800	1,023,785
Li Ning Company, Ltd.	246,000	505,791
Longfor Group Holdings, Ltd. (B)	261,000	328,947
Luxshare Precision Industry Company, Ltd., A Shares	49,900	276,064
Luzhou Laojiao Company, Ltd., A Shares	10,000	159,060
Mango Excellent Media Company, Ltd., A Shares	6,000	22,944
Maxscend Microelectronics Company, Ltd., Class A	1,200	12,942
Meituan, Class B (A)(B)	159,370	3,031,294
Metallurgical Corp. of China, Ltd., H Shares	272,000	53,062
Midea Group Company, Ltd., A Shares	21,300	216,620
Montage Technology Company, Ltd., Class A	2,303	21,570
Muyuan Foods Company, Ltd., A Shares	24,560	125,800
NARI Technology Company, Ltd., A Shares	42,152	133,920
NAURA Technology Group Company, Ltd., Class A	1,800	93,413
NetEase, Inc.	131,300	2,713,088
New China Life Insurance Company, Ltd., H Shares	129,300	403,254
Ningbo Tuopu Group Company, Ltd., Class A	6,525	58,985
Ningxia Baofeng Energy Group Company, Ltd., Class A	62,700	151,301
NIO, Inc., Class A (A)(C)	125,650	549,102
Nongfu Spring Company, Ltd., H Shares (B)(C)	125,800	590,121
Orient Securities Company, Ltd., H Shares (B)	86,800	55,701

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
PetroChina Company, Ltd., H Shares	2,660,000	$2,044,946
PICC Property & Casualty Company, Ltd., H Shares	1,108,000	1,797,464
Ping An Bank Company, Ltd., A Shares	127,100	200,678
Ping An Insurance Group Company of China, Ltd., H Shares	587,500	3,287,515
Poly Developments and Holdings Group Company, Ltd., A Shares	108,600	124,378
Pop Mart International Group, Ltd. (B)	16,400	197,854
Postal Savings Bank of China Company, Ltd., H Shares (B)	805,000	479,388
Qingdao Port International Company, Ltd., H Shares (B)	42,000	32,558
Rongsheng Petrochemical Company, Ltd., A Shares	84,750	103,013
SAIC Motor Corp., Ltd., Class A	40,200	94,959
Sailun Group Company, Ltd., Class A	13,900	29,313
Sanan Optoelectronics Company, Ltd., A Shares	11,200	17,668
Sany Heavy Industry Company, Ltd., A Shares	66,200	146,715
Satellite Chemical Company, Ltd., Class A	25,200	69,482
SDIC Power Holdings Company, Ltd., Class A	51,100	101,362
Seres Group Company, Ltd., A Shares	3,500	63,977
SF Holding Company, Ltd., A Shares	30,400	164,501
Shaanxi Coal Industry Company, Ltd., A Shares	103,600	310,178
Shandong Gold Mining Company, Ltd., H Shares (B)(C)	63,220	108,239
Shandong Hualu Hengsheng Chemical Company, Ltd., Class A	19,500	56,316
Shanghai Baosight Software Company, Ltd., Class A	14,064	55,911
Shanghai Electric Group Company, Ltd., H Shares (A)(C)	86,000	29,139
Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares	55,500	93,170
Shanghai International Airport Company, Ltd., A Shares	12,700	57,971
Shanghai Pharmaceuticals Holding Company, Ltd., H Shares	39,400	62,501
Shanghai Pudong Development Bank Company, Ltd., Class A	191,100	280,157
Shanghai RAAS Blood Products Company, Ltd., Class A	18,100	17,366
Shanghai Rural Commercial Bank Company, Ltd., A Shares	37,500	43,103
Shanjin International Gold Company, Ltd., Class A	9,000	20,677
Shanxi Coking Coal Energy Group Company, Ltd., Class A	19,900	20,298
Shanxi Lu’an Environmental Energy Development Company, Ltd., Class A	5,800	10,044
Shanxi Xinghuacun Fen Wine Factory Company, Ltd., A Shares	8,745	207,052
Shenwan Hongyuan Group Company, Ltd., H Shares (B)	167,200	46,351
Shenzhen Inovance Technology Company, Ltd., A Shares	13,950	115,582

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., A Shares	8,100	$259,127
Shenzhen New Industries Biomedical Engineering Company, Ltd., Class A	3,900	33,231
Shenzhen Transsion Holdings Company, Ltd., Class A	4,851	67,037
Shenzhou International Group Holdings, Ltd.	123,100	926,615
Sichuan Chuantou Energy Company, Ltd., Class A	24,900	54,465
Sichuan Kelun Pharmaceutical Company, Ltd., Class A	4,600	17,812
Sichuan Road and Bridge Group Company, Ltd., Class A	46,540	45,998
Silergy Corp.	28,000	336,226
Sinopharm Group Company, Ltd., H Shares	105,200	277,460
Sinotruk Hong Kong, Ltd.	30,000	87,209
Smoore International Holdings, Ltd. (B)(C)	74,000	119,287
Spring Airlines Company, Ltd., A Shares	2,600	19,320
Sungrow Power Supply Company, Ltd., A Shares	13,940	138,353
Sunny Optical Technology Group Company, Ltd.	99,400	884,721
TBEA Company, Ltd., Class A	49,530	81,544
TCL Technology Group Corp., A Shares	122,520	84,496
Tencent Holdings, Ltd.	449,400	23,140,213
Tencent Music Entertainment Group, ADR	63,863	765,079
The People’s Insurance Company Group of China, Ltd., H Shares	923,000	471,474
Tianqi Lithium Corp., H Shares	12,800	36,963
Tingyi Cayman Islands Holding Corp.	82,000	124,816
Tongwei Company, Ltd., A Shares	36,900	103,926
Trina Solar Company, Ltd., Class A	5,955	14,116
Tsingtao Brewery Company, Ltd., H Shares	44,000	269,932
Unigroup Guoxin Microelectronics Company, Ltd., Class A	5,519	44,914
Unisplendour Corp., Ltd., Class A	8,800	30,502
Vipshop Holdings, Ltd., ADR	24,436	351,145
Wanhua Chemical Group Company, Ltd., A Shares	26,500	249,987
Weichai Power Company, Ltd., H Shares	295,000	511,127
Wens Foodstuffs Group Company, Ltd., Class A	32,800	72,828
Will Semiconductor Company, Ltd., A Shares	6,815	98,981
Wuliangye Yibin Company, Ltd., A Shares	20,700	362,451
WuXi AppTec Company, Ltd., H Shares (B)	39,180	277,573
WuXi Biologics Cayman, Inc. (A)(B)	216,500	511,824
XCMG Construction Machinery Company, Ltd., Class A	59,700	62,785
XPeng, Inc., Class A (A)	104,700	792,815
Yankuang Energy Group Company, Ltd., H Shares (C)	522,399	551,792
YTO Express Group Company, Ltd., Class A	16,400	31,086
Yum China Holdings, Inc.	62,950	2,851,962
Yunnan Baiyao Group Company, Ltd., A Shares	10,240	81,643
Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., A Shares	5,600	156,108

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
China (continued)
Zhejiang China Commodities City Group Company, Ltd., Class A	15,600	$27,637
Zhejiang Dahua Technology Company, Ltd., Class A	8,600	17,935
Zhejiang Huayou Cobalt Company, Ltd., A Shares	12,760	51,324
Zhejiang Juhua Company, Ltd., Class A	9,200	32,509
Zhejiang NHU Company, Ltd., A Shares	14,600	45,240
Zhejiang Sanhua Intelligent Controls Company, Ltd., Class A	7,000	29,457
Zhongji Innolight Company, Ltd., Class A	2,760	43,623
Zhongjin Gold Corp., Ltd., Class A	10,400	18,797
Zijin Mining Group Company, Ltd., H Shares	914,000	1,707,973
Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares (C)	105,600	78,201
ZTO Express Cayman, Inc.	18,100	350,775
Hong Kong - 0.9%		5,345,976
China Merchants Port Holdings Company, Ltd.	60,000	101,032
China Resources Beer Holdings Company, Ltd.	231,500	696,734
China Resources Gas Group, Ltd.	34,200	116,098
China Resources Land, Ltd.	427,000	1,290,601
China Resources Power Holdings Company, Ltd.	298,000	660,896
Geely Automobile Holdings, Ltd.	782,000	1,435,212
Kunlun Energy Company, Ltd.	248,000	237,127
Orient Overseas International, Ltd.	20,000	267,211
Sino Biopharmaceutical, Ltd.	388,000	140,428
The Wharf Holdings, Ltd.	67,000	163,381
Want Want China Holdings, Ltd.	390,000	237,256
India - 23.4%		141,281,252
3M India, Ltd.	140	47,787
ABB India, Ltd.	4,087	277,984
ACC, Ltd.	5,031	116,647
Adani Energy Solutions, Ltd. (A)	23,797	207,017
Adani Enterprises, Ltd.	8,756	232,203
Adani Green Energy, Ltd. (A)	12,128	140,860
Adani Ports & Special Economic Zone, Ltd.	26,149	331,782
Adani Power, Ltd. (A)	33,359	198,152
Adani Total Gas, Ltd.	16,746	124,218
Aditya Birla Capital, Ltd. (A)	53,757	111,106
AIA Engineering, Ltd.	761	32,470
Alkem Laboratories, Ltd.	3,115	181,974
Ambuja Cements, Ltd.	55,139	326,666
APL Apollo Tubes, Ltd.	12,556	219,210
Apollo Hospitals Enterprise, Ltd.	11,264	888,467
Ashok Leyland, Ltd.	149,349	374,992
Asian Paints, Ltd.	45,435	1,209,100
Astral, Ltd.	12,131	210,943
AU Small Finance Bank, Ltd. (B)	29,852	207,822
Aurobindo Pharma, Ltd.	23,989	324,151
Avenue Supermarts, Ltd. (A)(B)	8,944	377,932
Axis Bank, Ltd.	208,790	2,379,181

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
India (continued)
Bajaj Auto, Ltd.	5,948	$609,521
Bajaj Finance, Ltd.	18,662	1,701,834
Bajaj Finserv, Ltd.	25,038	503,658
Bajaj Holdings & Investment, Ltd.	4,192	558,992
Balkrishna Industries, Ltd.	8,229	263,165
Bank of Baroda	109,789	270,758
Bank of India	70,297	91,223
Berger Paints India, Ltd.	38,740	212,203
Bharat Dynamics, Ltd.	2,013	30,445
Bharat Electronics, Ltd.	385,900	1,309,854
Bharat Forge, Ltd.	20,826	297,665
Bharat Heavy Electricals, Ltd.	104,619	251,715
Bharat Petroleum Corp., Ltd.	335,894	1,014,085
Bharti Airtel, Ltd.	228,753	4,297,822
Biocon, Ltd.	17,079	71,310
Bosch, Ltd.	735	244,121
Britannia Industries, Ltd.	13,360	791,123
Canara Bank	181,104	195,058
CG Power & Industrial Solutions, Ltd.	57,317	422,551
Cholamandalam Investment and Finance Company, Ltd.	56,339	839,820
Cipla, Ltd.	93,663	1,601,488
Coal India, Ltd.	362,015	1,657,183
Cochin Shipyard, Ltd. (B)	1,572	27,895
Coforge, Ltd.	2,949	281,182
Colgate-Palmolive India, Ltd.	14,348	467,382
Container Corp. of India, Ltd.	25,843	232,215
Coromandel International, Ltd.	9,227	192,815
Cummins India, Ltd.	9,534	323,061
Dabur India, Ltd.	52,358	320,164
Dalmia Bharat, Ltd.	5,313	114,309
Divi’s Laboratories, Ltd.	11,261	721,557
Dixon Technologies India, Ltd.	2,023	350,774
DLF, Ltd.	38,894	334,533
Dr. Reddy’s Laboratories, Ltd.	115,708	1,623,682
Eicher Motors, Ltd.	14,020	841,406
Escorts Kubota, Ltd.	2,200	92,860
Exide Industries, Ltd.	18,968	82,274
Federal Bank, Ltd.	151,093	326,376
Fortis Healthcare, Ltd.	21,310	158,688
FSN E-Commerce Ventures, Ltd. (A)	42,426	82,852
GAIL India, Ltd.	393,862	805,765
GE Vernova T&D India, Ltd.	2,692	55,415
GlaxoSmithKline Pharmaceuticals, Ltd.	2,635	60,022
Glenmark Pharmaceuticals, Ltd.	11,281	188,687
GMR Airports, Ltd. (A)	197,426	165,820
Godrej Consumer Products, Ltd.	33,834	436,752
Godrej Properties, Ltd. (A)	7,701	207,021
Grasim Industries, Ltd.	44,236	1,280,331
Gujarat Gas, Ltd.	20,744	116,394
Havells India, Ltd.	34,337	620,408

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
India (continued)
HCL Technologies, Ltd.	106,529	$2,127,720
HDFC Asset Management Company, Ltd. (B)	9,660	446,106
HDFC Bank, Ltd.	393,535	7,721,562
HDFC Life Insurance Company, Ltd. (B)	58,333	430,243
Hero MotoCorp, Ltd.	20,680	1,035,716
Hindalco Industries, Ltd.	223,878	1,534,672
Hindustan Aeronautics, Ltd.	13,286	607,882
Hindustan Petroleum Corp., Ltd.	130,157	537,511
Hindustan Unilever, Ltd.	82,177	2,346,871
Hitachi Energy India, Ltd.	241	35,834
Honeywell Automation India, Ltd.	54	25,173
ICICI Bank, Ltd.	416,211	6,020,713
ICICI Lombard General Insurance Company, Ltd. (B)	21,148	455,317
ICICI Prudential Life Insurance Company, Ltd. (B)	23,625	168,303
IDFC First Bank, Ltd. (A)	225,077	164,462
Indian Bank	22,365	143,202
Indian Oil Corp., Ltd.	717,085	1,066,733
Indian Railway Catering & Tourism Corp., Ltd.	25,950	247,168
Indian Renewable Energy Development Agency, Ltd. (A)	10,431	24,387
Indus Towers, Ltd. (A)	201,424	805,196
IndusInd Bank, Ltd.	52,210	599,880
Info Edge India, Ltd.	6,923	617,838
Infosys, Ltd.	287,629	6,252,765
InterGlobe Aviation, Ltd. (A)(B)	10,847	542,849
IRB Infrastructure Developers, Ltd.	49,774	33,100
ITC Hotels, Ltd. (A)	33,177	62,051
ITC, Ltd.	316,875	1,637,856
Jindal Stainless, Ltd.	47,578	358,663
Jindal Steel & Power, Ltd.	57,487	522,795
Jio Financial Services, Ltd. (A)	138,038	387,661
JSW Energy, Ltd.	41,571	244,724
JSW Steel, Ltd.	110,699	1,207,364
Jubilant Foodworks, Ltd.	16,378	132,758
Kalyan Jewellers India, Ltd.	9,546	55,436
Kotak Mahindra Bank, Ltd.	77,268	1,694,938
KPIT Technologies, Ltd.	10,540	172,216
L&T Finance, Ltd.	52,080	87,696
L&T Technology Services, Ltd. (B)	2,734	171,162
Larsen & Toubro, Ltd.	59,035	2,429,114
Linde India, Ltd.	1,173	84,844
LTIMindtree, Ltd. (B)	8,896	609,354
Lupin, Ltd.	18,023	434,687
Macrotech Developers, Ltd. (B)	11,657	163,127
Mahindra & Mahindra Financial Services, Ltd.	28,501	93,812
Mahindra & Mahindra, Ltd.	87,318	3,024,305
Marico, Ltd.	72,230	559,427
Maruti Suzuki India, Ltd.	7,374	1,047,852
Max Healthcare Institute, Ltd.	43,681	538,093

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
India (continued)
Motilal Oswal Financial Services, Ltd.	10,753	$79,267
Mphasis, Ltd.	9,691	320,554
MRF, Ltd.	317	417,586
Muthoot Finance, Ltd.	22,633	587,930
Nestle India, Ltd.	37,702	1,000,722
NHPC, Ltd.	257,326	240,938
Nippon Life India Asset Management, Ltd. (B)	6,664	44,854
NMDC, Ltd.	610,590	465,822
NTPC, Ltd.	737,390	2,768,099
Oberoi Realty, Ltd.	10,132	212,130
Oil & Natural Gas Corp., Ltd.	603,350	1,830,608
Oil India, Ltd.	60,081	292,719
Oracle Financial Services Software, Ltd.	1,822	192,472
Page Industries, Ltd.	562	290,368
Patanjali Foods, Ltd.	3,060	63,872
PB Fintech, Ltd. (A)	14,355	287,833
Persistent Systems, Ltd.	8,941	625,350
Petronet LNG, Ltd.	151,065	551,301
PI Industries, Ltd.	6,543	263,337
Pidilite Industries, Ltd.	17,311	575,992
Polycab India, Ltd.	4,429	308,484
Power Finance Corp., Ltd.	185,718	909,547
Power Grid Corp. of India, Ltd.	739,304	2,577,690
Prestige Estates Projects, Ltd.	9,140	146,418
Procter & Gamble Hygiene & Health Care, Ltd.	1,266	212,666
Punjab National Bank	228,655	267,946
Rail Vikas Nigam, Ltd.	20,192	111,431
REC, Ltd.	179,570	937,279
Reliance Industries, Ltd.	513,632	7,507,345
Samvardhana Motherson International, Ltd.	402,690	655,992
SBI Cards & Payment Services, Ltd.	24,267	218,642
SBI Life Insurance Company, Ltd. (B)	38,412	658,558
Schaeffler India, Ltd.	3,646	144,297
Shree Cement, Ltd.	930	300,636
Shriram Finance, Ltd.	139,575	879,109
Siemens, Ltd.	5,124	359,678
Solar Industries India, Ltd.	2,250	264,962
Sona Blw Precision Forgings, Ltd. (B)	33,773	196,498
SRF, Ltd.	13,271	432,514
State Bank of India	202,812	1,810,214
Steel Authority of India, Ltd.	181,548	224,943
Sun Pharmaceutical Industries, Ltd.	64,418	1,303,625
Sundaram Finance, Ltd.	4,487	237,311
Supreme Industries, Ltd.	5,467	250,548
Suzlon Energy, Ltd. (A)	690,098	463,458
Tata Communications, Ltd.	11,120	209,501
Tata Consultancy Services, Ltd.	83,847	3,982,615
Tata Consumer Products, Ltd.	55,711	660,560
Tata Elxsi, Ltd.	3,361	246,401
Tata Motors, Ltd.	198,158	1,637,357
Tata Steel, Ltd.	1,147,678	1,787,445

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
India (continued)
Tech Mahindra, Ltd.	56,190	$1,087,131
The Indian Hotels Company, Ltd.	46,218	408,200
The Phoenix Mills, Ltd.	6,986	132,225
The Tata Power Company, Ltd.	172,865	732,144
Thermax, Ltd.	1,395	61,201
Titan Company, Ltd.	36,613	1,475,785
Torrent Pharmaceuticals, Ltd.	11,690	441,734
Torrent Power, Ltd.	13,907	234,898
Trent, Ltd.	17,654	1,175,014
Tube Investments of India, Ltd.	9,961	382,167
TVS Motor Company, Ltd.	19,138	542,381
UltraTech Cement, Ltd.	7,458	998,720
Union Bank of India, Ltd.	130,300	173,736
United Breweries, Ltd.	6,270	155,461
United Spirits, Ltd.	29,736	488,870
UNO Minda, Ltd.	14,958	162,953
UPL, Ltd.	85,588	597,719
UPL, Ltd., Partly Paid Shares (A)	10,698	32,613
Varun Beverages, Ltd.	115,018	714,412
Vedanta, Ltd.	313,511	1,594,046
Vodafone Idea, Ltd. (A)	658,884	68,843
Voltas, Ltd.	8,240	120,043
Wipro, Ltd.	295,902	1,066,551
Yes Bank, Ltd. (A)	1,214,306	270,013
Zomato, Ltd. (A)	270,353	693,235
Zydus Lifesciences, Ltd.	42,656	477,697
Indonesia - 1.8%		10,842,695
Adaro Energy Indonesia Tbk PT	2,243,300	320,668
Adaro Minerals Indonesia Tbk PT (A)	404,500	24,940
Astra International Tbk PT	2,351,400	692,437
Bank Central Asia Tbk PT	4,280,400	2,481,582
Bank Mandiri Persero Tbk PT	5,337,100	1,972,762
Bank Negara Indonesia Persero Tbk PT	2,407,700	704,585
Bank Rakyat Indonesia Persero Tbk PT	5,162,850	1,336,640
Barito Pacific Tbk PT	2,229,255	125,823
Charoen Pokphand Indonesia Tbk PT	660,600	189,264
Dayamitra Telekomunikasi PT	1,540,200	60,474
Indah Kiat Pulp & Paper Tbk PT	273,200	113,135
Indofood CBP Sukses Makmur Tbk PT	198,100	139,764
Indofood Sukses Makmur Tbk PT	679,700	327,340
Indosat Tbk PT	989,900	140,286
Kalbe Farma Tbk PT	1,821,300	141,346
Mayora Indah Tbk PT	606,900	91,221
Merdeka Copper Gold Tbk PT (A)	937,789	90,039
Sarana Menara Nusantara Tbk PT	2,892,700	112,691
Sumber Alfaria Trijaya Tbk PT	1,891,100	332,973
Telkom Indonesia Persero Tbk PT	5,653,400	922,579
United Tractors Tbk PT	313,000	477,661
Vale Indonesia Tbk PT (A)	241,700	44,485

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Ireland - 0.6%		$3,898,049
PDD Holdings, Inc., ADR (A)	34,832	3,898,049
Malaysia - 2.0%		11,764,941
AMMB Holdings BHD	87,600	110,839
Axiata Group BHD	439,395	218,835
CELCOMDIGI BHD	370,300	311,526
CIMB Group Holdings BHD	771,424	1,387,957
Dialog Group BHD	293,400	125,061
Gamuda BHD	123,600	112,023
Genting BHD	322,600	262,712
Genting Malaysia BHD	424,800	212,519
Hong Leong Bank BHD	63,400	287,309
Hong Leong Financial Group BHD	42,800	173,792
IHH Healthcare BHD	181,900	292,183
IOI Corp. BHD	268,800	224,327
KLCCP Stapled Group	10,700	19,540
Kuala Lumpur Kepong BHD	50,638	226,068
Malayan Banking BHD	581,522	1,348,948
Malaysia Airports Holdings BHD	45,700	112,161
Maxis BHD	191,800	149,740
MISC BHD	142,900	232,102
Mr. DIY Group M BHD (B)	221,500	83,482
Nestle Malaysia BHD	5,100	102,950
Petronas Chemicals Group BHD	173,500	180,993
Petronas Dagangan BHD	52,700	231,963
Petronas Gas BHD	69,300	267,406
PPB Group BHD	91,400	245,237
Press Metal Aluminium Holdings BHD	350,600	384,618
Public Bank BHD	1,068,100	1,032,756
QL Resources BHD	97,000	99,448
RHB Bank BHD	231,316	333,676
SD Guthrie BHD	288,738	314,162
Sime Darby BHD	604,700	305,233
Sunway BHD	88,100	85,975
Telekom Malaysia BHD	181,270	268,398
Tenaga Nasional BHD	530,000	1,617,050
Westports Holdings BHD	152,700	156,896
YTL Corp. BHD	201,300	86,255
YTL Power International BHD	229,000	160,801
Mexico - 2.1%		12,609,724
America Movil SAB de CV, Series B (C)	2,052,388	1,446,692
Arca Continental SAB de CV	40,764	372,809
Cemex SAB de CV (C)	1,966,888	1,166,311
Coca-Cola Femsa SAB de CV	30,000	235,750
El Puerto de Liverpool SAB de CV, Series C1	19,571	98,074
Fomento Economico Mexicano SAB de CV	149,248	1,274,791
Gruma SAB de CV, Class B	19,140	331,574
Grupo Aeroportuario del Pacifico SAB de CV, Series B (A)(C)	41,698	772,519
Grupo Aeroportuario del Sureste SAB de CV, Series B	19,729	538,870

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Mexico (continued)
Grupo Bimbo SAB de CV, Series A (C)	144,600	$380,383
Grupo Carso SAB de CV, Series A1 (C)	46,104	262,842
Grupo Comercial Chedraui SA de CV (C)	14,018	81,147
Grupo Financiero Banorte SAB de CV, Series O	231,304	1,611,819
Grupo Financiero Inbursa SAB de CV, Series O (A)(C)	278,140	594,905
Grupo Mexico SAB de CV, Series B	346,508	1,697,980
Industrias Penoles SAB de CV (A)	11,200	159,451
Kimberly-Clark de Mexico SAB de CV, Class A	152,300	227,914
Vista Energy SAB de CV (A)	665	35,953
Wal-Mart de Mexico SAB de CV	504,740	1,319,940
Netherlands - 0.1%		409,195
NEPI Rockcastle NV (A)	54,113	409,195
Philippines - 0.8%		5,073,537
Aboitiz Equity Ventures, Inc.	332,280	183,294
Aboitiz Power Corp.	212,300	145,115
ACEN Corp.	278,700	14,801
Ayala Corp.	24,600	229,257
Ayala Land, Inc.	570,400	217,908
Bank of the Philippine Islands	406,971	810,135
BDO Unibank, Inc.	284,316	670,205
Emperador, Inc.	48,700	13,382
Globe Telecom, Inc.	4,809	182,069
International Container Terminal Services, Inc.	87,820	526,562
JG Summit Holdings, Inc.	341,543	94,553
Jollibee Foods Corp.	44,630	169,734
Manila Electric Company	42,260	324,336
Metropolitan Bank & Trust Company	363,602	431,666
PLDT, Inc.	13,825	317,364
SM Investments Corp.	26,915	359,647
SM Prime Holdings, Inc.	655,800	260,082
Universal Robina Corp.	118,500	123,427
Poland - 1.1%		6,645,419
Alior Bank SA	6,637	154,162
Allegro.eu SA (A)(B)	24,827	183,723
Bank Handlowy w Warszawie SA	2,928	70,769
Bank Polska Kasa Opieki SA	27,225	1,076,672
Budimex SA	796	93,801
CD Projekt SA	2,696	140,364
Dino Polska SA (A)(B)	5,206	578,166
ING Bank Slaski SA	2,315	162,435
KGHM Polska Miedz SA	15,444	478,977
LPP SA	131	531,799
mBank SA (A)	894	138,863
ORLEN SA	74,679	990,710
PGE Polska Grupa Energetyczna SA (A)	106,436	171,730
Powszechna Kasa Oszczednosci Bank Polski SA	61,555	1,015,935
Powszechny Zaklad Ubezpieczen SA	48,877	602,728
Santander Bank Polska SA	2,036	254,585

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Russia - 0.0%		$0
Gazprom PJSC, ADR (A)(D)	4,562	0
LUKOIL PJSC, ADR (A)(D)	472	0
MMC Norilsk Nickel PJSC, ADR (A)(D)	780	0
Novatek PJSC, GDR (A)(D)	50	0
Sberbank of Russia PJSC, ADR (A)(D)	263,203	0
Saudi Arabia - 3.8%		23,158,372
ACWA Power Company	4,823	525,930
Al Rajhi Bank	147,967	3,905,600
Al Rajhi Company for Co-operative Insurance (A)	1,401	64,920
Alinma Bank	143,656	1,143,288
Almarai Company JSC	25,773	404,732
Arabian Internet & Communications Services Company	1,941	165,084
Astra Industrial Group	1,384	69,372
Bank AlBilad	41,512	441,605
Bank Al-Jazira (A)	49,961	250,957
Banque Saudi Fransi	129,362	553,911
Bupa Arabia for Cooperative Insurance Company	2,797	138,705
Dallah Healthcare Company	1,077	45,714
Dar Al Arkan Real Estate Development Company (A)	42,637	187,568
Dr Sulaiman Al Habib Medical Services Group Company	8,748	681,517
Elm Company	2,421	751,984
Etihad Etisalat Company	75,417	1,164,221
Jarir Marketing Company	61,869	211,470
Mouwasat Medical Services Company	9,925	243,713
Nahdi Medical Company	2,024	63,677
Power & Water Utility Company for Jubail & Yanbu	8,810	120,733
Riyad Bank	143,311	1,119,528
Riyadh Cables Group Company	2,050	77,503
SABIC Agri-Nutrients Company	25,342	777,010
Sahara International Petrochemical Company	58,480	363,288
SAL Saudi Logistics Services	980	71,592
Saudi Arabian Mining Company (A)	72,986	947,668
Saudi Aramco Base Oil Company	4,166	123,957
Saudi Awwal Bank	39,131	375,066
Saudi Basic Industries Corp.	68,458	1,222,888
Saudi Electricity Company	111,721	506,970
Saudi Industrial Investment Group	28,692	134,177
Saudi Kayan Petrochemical Company (A)	120,675	219,427
Saudi Research & Media Group (A)	2,888	204,663
Saudi Tadawul Group Holding Company	2,592	145,540
Saudi Telecom Company	210,071	2,436,369
The Company for Cooperative Insurance	6,104	247,369
The Saudi Investment Bank	62,232	250,541
The Saudi National Bank	251,407	2,292,404
The Savola Group (A)	14,588	151,687
Yanbu National Petrochemical Company	35,609	356,024

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Singapore - 0.7%		$4,076,166
BOC Aviation, Ltd. (B)	9,900	74,267
Trip.com Group, Ltd. (A)	56,900	4,001,899
South Africa - 3.3%		20,153,079
Absa Group, Ltd.	89,853	893,525
Anglo American Platinum, Ltd. (C)	3,424	120,486
Aspen Pharmacare Holdings, Ltd.	45,189	432,043
Bid Corp., Ltd.	35,514	906,396
Capitec Bank Holdings, Ltd.	9,618	1,531,369
Clicks Group, Ltd. (C)	29,157	561,588
Discovery, Ltd.	76,002	736,816
Exxaro Resources, Ltd.	27,746	260,548
FirstRand, Ltd.	527,683	2,154,541
Gold Fields, Ltd.	94,697	1,639,978
Harmony Gold Mining Company, Ltd.	37,555	431,249
Impala Platinum Holdings, Ltd. (A)	124,472	684,363
Investec, Ltd.	19,808	126,211
Kumba Iron Ore, Ltd.	5,808	120,898
Mr. Price Group, Ltd.	10,676	142,756
MTN Group, Ltd.	98,904	609,158
Naspers, Ltd., N Shares	12,571	2,658,029
Nedbank Group, Ltd.	72,651	1,067,507
Old Mutual, Ltd.	224,896	148,766
OUTsurance Group, Ltd.	53,173	179,512
Pepkor Holdings, Ltd. (B)	114,737	158,678
Sanlam, Ltd.	142,066	619,475
Sasol, Ltd.	63,886	295,990
Shoprite Holdings, Ltd.	53,271	815,614
Standard Bank Group, Ltd.	142,633	1,664,765
The Bidvest Group, Ltd.	34,923	477,044
Vodacom Group, Ltd.	69,470	408,820
Woolworths Holdings, Ltd.	98,299	306,954
South Korea - 11.0%		66,227,263
Alteogen, Inc. (A)	1,315	336,216
AMOREPACIFIC Corp. (A)	2,272	202,807
Celltrion, Inc.	10,446	1,291,911
CJ CheilJedang Corp.	1,652	275,144
CosmoAM&T Company, Ltd. (A)	1,848	67,154
Coway Company, Ltd. (A)	8,762	466,141
DB Insurance Company, Ltd.	8,284	553,597
Doosan Bobcat, Inc.	6,029	199,376
Doosan Enerbility Company, Ltd. (A)	34,029	559,734
Ecopro BM Company, Ltd. (A)	3,996	360,273
Ecopro Company, Ltd. (A)	6,560	275,403
Ecopro Materials Company, Ltd. (A)	283	13,829
Enchem Company, Ltd. (A)	388	34,714
GS Holdings Corp. (A)	11,918	315,790
Hana Financial Group, Inc.	44,665	1,859,761
Hanjin Kal Corp. (A)	633	36,638
Hankook Tire & Technology Company, Ltd. (A)	13,666	385,150
Hanmi Pharm Company, Ltd.	632	106,131

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
South Korea (continued)
Hanmi Semiconductor Company, Ltd.	2,618	$203,963
Hanwha Aerospace Company, Ltd. (A)	2,658	731,727
Hanwha Ocean Company, Ltd. (A)	5,494	216,281
Hanwha Vision Company, Ltd. (A)	2,587	57,420
HD Hyundai Company, Ltd.	6,678	381,928
HD Hyundai Electric Company, Ltd.	1,430	403,510
HD Hyundai Heavy Industries Company, Ltd. (A)	979	209,545
HD Korea Shipbuilding & Offshore Engineering Company, Ltd. (A)	4,194	669,655
HLB, Inc. (A)	6,459	357,401
HMM Company, Ltd. (A)	31,239	409,353
HYBE Company, Ltd. (A)	995	154,078
Hyundai Autoever Corp.	269	26,474
Hyundai Engineering & Construction Company, Ltd.	12,134	259,298
Hyundai Glovis Company, Ltd.	8,436	867,404
Hyundai Mobis Company, Ltd.	6,797	1,232,629
Hyundai Motor Company	17,715	2,511,555
Hyundai Rotem Company, Ltd. (A)	2,971	121,048
Hyundai Steel Company	10,298	164,073
Industrial Bank of Korea	52,410	560,170
Kakao Corp.	18,894	498,682
KakaoBank Corp. (A)	12,768	186,292
Kangwon Land, Inc. (A)	9,303	107,436
KB Financial Group, Inc.	37,074	2,339,770
Kia Corp.	33,387	2,343,754
Korea Aerospace Industries, Ltd. (A)	5,548	203,516
Korea Electric Power Corp. (A)	42,442	614,869
Korea Gas Corp. (A)	1,725	40,602
Korea Investment Holdings Company, Ltd. (A)	6,681	365,547
Korea Zinc Company, Ltd.	1,304	739,502
Korean Air Lines Company, Ltd. (A)	32,151	548,758
Krafton, Inc. (A)	2,166	542,618
KT&G Corp.	8,801	669,918
Kumho Petrochemical Company, Ltd. (A)	2,586	187,765
L&F Company, Ltd. (A)	1,365	82,764
LG Chem, Ltd. (A)	3,002	490,692
LG Corp. (A)	16,725	862,149
LG Display Company, Ltd. (A)	47,197	300,463
LG Electronics, Inc.	20,981	1,215,829
LG Energy Solution, Ltd. (A)	1,747	423,224
LG H&H Company, Ltd. (A)	839	177,270
LG Innotek Company, Ltd.	1,693	173,262
LG Uplus Corp.	60,709	419,490
Lotte Chemical Corp.	2,901	113,405
LS Electric Company, Ltd. (A)	607	96,502
Macquarie Korea Infrastructure Fund	31,234	225,710
Meritz Financial Group, Inc. (A)	10,151	797,828
Mirae Asset Securities Company, Ltd.	36,567	212,154
NAVER Corp. (A)	8,098	1,206,619
NCSoft Corp. (A)	1,405	166,995

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
South Korea (continued)
Netmarble Corp. (A)(B)	2,791	$85,094
NH Investment & Securities Company, Ltd.	3,038	30,192
Orion Corp. (A)	2,580	180,050
Posco DX Company, Ltd.	1,813	23,520
POSCO Future M Company, Ltd.	1,990	195,576
POSCO Holdings, Inc.	6,742	1,208,734
Posco International Corp.	4,525	130,954
Samsung Biologics Company, Ltd. (A)(B)	1,090	810,936
Samsung C&T Corp.	8,603	709,910
Samsung Card Company, Ltd.	3,819	110,391
Samsung E&A Company, Ltd.	13,666	169,391
Samsung Electro-Mechanics Company, Ltd.	6,705	618,817
Samsung Electronics Company, Ltd.	415,239	14,974,896
Samsung Fire & Marine Insurance Company, Ltd.	6,057	1,590,327
Samsung Heavy Industries Company, Ltd. (A)	60,696	543,465
Samsung Life Insurance Company, Ltd.	11,516	706,177
Samsung SDI Company, Ltd.	3,121	476,849
Samsung SDS Company, Ltd.	3,509	291,491
Shinhan Financial Group Company, Ltd.	49,113	1,727,236
SK Biopharmaceuticals Company, Ltd. (A)	1,834	137,708
SK Bioscience Company, Ltd. (A)	1,274	42,964
SK Hynix, Inc.	32,388	4,440,254
SK Innovation Company, Ltd. (A)	6,270	550,189
SK Telecom Company, Ltd.	19,562	745,860
SK, Inc.	4,304	438,694
SKC Company, Ltd. (A)	978	105,608
S-Oil Corp.	7,241	303,992
Woori Financial Group, Inc.	117,685	1,304,011
Yuhan Corp. (A)	3,849	343,311
Taiwan - 19.3%		116,618,389
Accton Technology Corp.	69,000	1,608,623
Acer, Inc.	233,000	264,837
Advantech Company, Ltd.	49,981	578,795
Airtac International Group	14,743	392,360
Alchip Technologies, Ltd.	4,000	382,547
ASE Technology Holding Company, Ltd.	371,000	2,006,447
Asia Cement Corp.	411,000	516,136
Asia Vital Components Company, Ltd.	23,000	406,899
ASMedia Technology, Inc.	3,000	189,746
ASPEED Technology, Inc.	3,000	325,409
Asustek Computer, Inc.	107,000	1,984,509
AUO Corp. (A)	1,125,600	486,655
Catcher Technology Company, Ltd.	113,000	687,088
Cathay Financial Holding Company, Ltd.	1,033,513	2,109,468
Chailease Holding Company, Ltd.	188,226	664,266
Chang Hwa Commercial Bank, Ltd.	1,087,994	603,370
Cheng Shin Rubber Industry Company, Ltd.	332,000	503,660
Chicony Electronics Company, Ltd.	45,000	210,370
China Airlines, Ltd.	518,000	411,513

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Taiwan (continued)
China Steel Corp.	1,355,000	$834,247
Chroma ATE, Inc.	28,000	324,676
Chunghwa Telecom Company, Ltd.	329,000	1,251,543
Compal Electronics, Inc.	666,000	745,811
CTBC Financial Holding Company, Ltd.	2,099,000	2,507,666
Delta Electronics, Inc.	128,000	1,711,073
E Ink Holdings, Inc.	79,000	677,081
E.Sun Financial Holding Company, Ltd.	1,759,184	1,494,296
Eclat Textile Company, Ltd.	22,000	356,270
Elite Material Company, Ltd.	23,000	431,496
eMemory Technology, Inc.	6,266	647,124
Eva Airways Corp.	467,000	680,637
Evergreen Marine Corp. Taiwan, Ltd.	164,000	1,024,749
Far Eastern New Century Corp.	620,000	593,895
Far EasTone Telecommunications Company, Ltd.	225,000	605,674
Feng TAY Enterprise Company, Ltd.	98,601	397,682
First Financial Holding Company, Ltd.	1,831,003	1,552,503
Formosa Chemicals & Fibre Corp.	445,000	382,073
Formosa Petrochemical Corp.	189,000	211,649
Formosa Plastics Corp.	458,000	507,287
Fortune Electric Company, Ltd.	14,800	256,857
Fubon Financial Holding Company, Ltd.	891,171	2,526,909
Giant Manufacturing Company, Ltd.	18,797	84,141
Gigabyte Technology Company, Ltd.	34,000	263,352
Global Unichip Corp.	8,000	322,660
Globalwafers Company, Ltd.	39,000	407,541
Gold Circuit Electronics, Ltd.	25,000	170,343
Hon Hai Precision Industry Company, Ltd.	966,800	5,317,282
Hotai Motor Company, Ltd.	34,820	650,056
Hua Nan Financial Holdings Company, Ltd.	1,682,908	1,439,789
Innolux Corp. (A)	1,095,055	470,103
International Games System Company, Ltd.	17,000	491,384
Inventec Corp.	471,000	709,493
Jentech Precision Industrial Company, Ltd.	3,000	126,956
KGI Financial Holding Company, Ltd.	2,872,159	1,518,221
King Slide Works Company, Ltd.	4,000	185,774
King Yuan Electronics Company, Ltd.	94,000	325,990
Largan Precision Company, Ltd.	11,000	924,285
Lien Hwa Industrial Holdings Corp.	73,120	110,815
Lite-On Technology Corp.	350,000	1,165,669
Lotes Company, Ltd.	9,000	516,989
MediaTek, Inc.	137,537	6,156,554
Mega Financial Holding Company, Ltd.	1,266,288	1,497,352
Micro-Star International Company, Ltd.	109,000	604,482
momo.com, Inc.	10,302	110,959
Nan Ya Plastics Corp.	600,000	593,070
Nan Ya Printed Circuit Board Corp.	35,000	145,441
Nanya Technology Corp. (A)	189,000	173,824
Nien Made Enterprise Company, Ltd.	18,000	239,520
Novatek Microelectronics Corp.	101,850	1,630,695
Pegatron Corp.	332,000	980,946

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Taiwan (continued)
PharmaEssentia Corp. (A)	14,307	$300,321
Phison Electronics Corp.	16,000	231,239
Pou Chen Corp.	400,000	447,934
Powertech Technology, Inc.	59,000	210,920
President Chain Store Corp.	89,000	707,040
Quanta Computer, Inc.	184,000	1,515,155
Realtek Semiconductor Corp.	50,000	828,037
Ruentex Development Company, Ltd.	166,250	214,873
Shihlin Electric & Engineering Corp.	13,000	74,080
Shin Kong Financial Holding Company, Ltd. (A)	2,794,696	1,050,317
Sino-American Silicon Products, Inc.	91,000	326,708
SinoPac Financial Holdings Company, Ltd.	2,073,662	1,438,283
Synnex Technology International Corp.	121,000	263,236
Taishin Financial Holding Company, Ltd.	2,116,039	1,128,235
Taiwan Business Bank	659,288	303,174
Taiwan Cooperative Financial Holding Company, Ltd.	1,186,720	884,746
Taiwan High Speed Rail Corp.	348,000	290,815
Taiwan Mobile Company, Ltd.	298,000	1,001,589
Taiwan Semiconductor Manufacturing Company, Ltd.	866,000	30,032,686
Tatung Company, Ltd. (A)	119,000	159,076
TCC Group Holdings Company, Ltd.	915,117	890,567
Teco Electric & Machinery Company, Ltd.	109,000	178,514
The Shanghai Commercial & Savings Bank, Ltd.	495,265	640,116
Tripod Technology Corp.	40,000	240,161
Unimicron Technology Corp.	203,000	862,167
Uni-President Enterprises Corp.	508,000	1,216,915
United Microelectronics Corp.	1,247,000	1,531,698
Vanguard International Semiconductor Corp.	163,643	473,509
Voltronic Power Technology Corp.	7,000	407,449
Walsin Lihwa Corp.	276,000	206,612
Wan Hai Lines, Ltd.	139,950	325,415
Winbond Electronics Corp. (A)	335,709	147,196
Wistron Corp.	263,000	883,953
Wiwynn Corp.	19,064	1,304,796
WPG Holdings, Ltd.	106,000	229,956
WT Microelectronics Company, Ltd.	34,000	117,911
Yageo Corp.	63,471	1,041,430
Yang Ming Marine Transport Corp.	278,000	575,911
Yuanta Financial Holding Company, Ltd.	2,085,553	2,204,844
Zhen Ding Technology Holding, Ltd.	94,000	343,223
Thailand - 1.7%		10,487,594
Advanced Info Service PCL, NVDR	111,700	942,028
Airports of Thailand PCL, NVDR	252,800	414,765
Asset World Corp. PCL, NVDR	538,400	50,522
Bangkok Bank PCL, NVDR	59,300	271,186
Bangkok Dusit Medical Services PCL, NVDR	358,000	249,829
Bangkok Expressway & Metro PCL, NVDR	651,400	130,570
Bank of Ayudhya PCL, NVDR	168,900	119,371
Berli Jucker PCL, NVDR	140,000	92,710

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Thailand (continued)
Bumrungrad Hospital PCL, NVDR	40,600	$217,016
Central Pattana PCL, NVDR	141,200	222,230
Central Retail Corp. PCL, NVDR	341,000	336,696
Charoen Pokphand Foods PCL, NVDR	508,800	332,401
CP ALL PCL, NVDR	252,900	390,521
Delta Electronics Thailand PCL, NVDR	327,900	1,226,886
Global Power Synergy PCL, NVDR	92,486	84,453
Gulf Energy Development PCL, NVDR	315,540	541,127
Home Product Center PCL, NVDR	444,500	115,497
Indorama Ventures PCL, NVDR	249,100	170,135
Intouch Holdings PCL, NVDR	63,100	182,226
Kasikornbank PCL, NVDR	59,600	284,062
Krung Thai Bank PCL, NVDR	366,100	248,959
Krungthai Card PCL, NVDR	117,100	176,476
Minor International PCL, NVDR	318,629	227,085
Muangthai Capital PCL, NVDR	83,300	108,222
PTT Exploration & Production PCL, NVDR	247,100	935,568
PTT Global Chemical PCL, NVDR	176,200	112,496
PTT Oil & Retail Business PCL, NVDR	279,600	96,314
PTT PCL, NVDR	906,100	847,577
SCB X PCL, NVDR	85,600	317,743
SCG Packaging PCL, NVDR	54,900	26,900
Thai Beverage PCL	917,700	362,259
Thai Oil PCL, NVDR	119,361	92,157
The Siam Cement PCL, NVDR	27,800	127,133
TMBThanachart Bank PCL, NVDR	2,446,385	143,841
True Corp. PCL, NVDR (A)	836,500	290,633
Turkey - 0.7%		4,421,982
Akbank TAS	331,981	600,462
Anadolu Efes Biracilik Ve Malt Sanayii AS	3,004	13,523
Arcelik AS (A)	5,220	18,490
Aselsan Elektronik Sanayi Ve Ticaret AS	67,106	166,015
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS	11,105	36,424
BIM Birlesik Magazalar AS	26,089	400,205
Coca-Cola Icecek AS	45,510	72,414
Enka Insaat ve Sanayi AS	159,016	215,989
Eregli Demir ve Celik Fabrikalari TAS	243,039	152,111
Ford Otomotiv Sanayi AS	7,150	185,361
KOC Holding AS	129,568	613,618
Koza Altin Isletmeleri AS (A)	31,717	19,975
Oyak Cimento Fabrikalari AS (A)	22,781	15,414
Pegasus Hava Tasimaciligi AS (A)	13,858	90,637
Tofas Turk Otomobil Fabrikasi AS	3,806	23,619
Turk Hava Yollari AO (A)	44,020	389,199
Turk Traktor ve Ziraat Makineleri AS	1,045	19,965
Turkcell Iletisim Hizmetleri AS	122,514	369,380
Turkiye Is Bankasi AS, Class C	967,515	382,106
Turkiye Petrol Rafinerileri AS	82,087	323,275
Turkiye Sise ve Cam Fabrikalari AS	61,761	65,492

MULTIFACTOR EMERGING MARKETS ETF (continued)

	Shares or Principal Amount	Value
Turkey (continued)
Yapi ve Kredi Bankasi AS	289,806	$248,308
United Kingdom - 0.1%		372,751
Anglogold Ashanti PLC	12,309	372,751
United States - 0.1%		844,284
BeiGene, Ltd. (A)	47,600	844,284
PREFERRED SECURITIES - 1.4%		$8,396,994
(Cost $9,572,008)
Brazil - 1.3%		8,016,604
Banco Bradesco SA	459,347	950,698
Centrais Eletricas Brasileiras SA, B Shares	29,360	199,536
Cia Energetica de Minas Gerais	205,726	385,989
Cia Paranaense de Energia, B Shares	146,700	243,600
Gerdau SA	211,996	624,937
Itau Unibanco Holding SA	268,950	1,556,655
Petroleo Brasileiro SA	623,500	4,022,891
Raizen SA	99,300	32,298
Chile - 0.1%		380,390
Sociedad Quimica y Minera de Chile SA, B Shares	9,638	380,390
RIGHTS - 0.0%		$237
(Cost $0)
Equatorial Energia SA (Expiration Date: 2-13-25) (A)(E)	292	237
SHORT-TERM INVESTMENTS - 0.6%		$3,601,514
(Cost $3,601,556)
Short-term funds - 0.6%		3,601,514
John Hancock Collateral Trust, 4.2301% (F)(G)	220,621	2,206,965
State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.3169% (F)	1,394,549	1,394,549
Total investments (Multifactor Emerging Markets ETF) (Cost $511,544,738) - 101.2%		$612,064,323
Other assets and liabilities, net - (1.2%)		(7,105,368)
Total net assets - 100.0%		$604,958,955

    

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
Security Abbreviations and Legend
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
(A)	Non-income producing security.
(B)	This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	All or a portion of this security is on loan as of 1-31-25. The value of securities on loan amounted to $6,602,072. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $4,841,457 in the form of U.S. Treasuries was pledged to the fund.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E)	Strike price and/or expiration date not available.

(F)	The rate shown is the annualized seven-day yield as of 1-31-25.
(G)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

The fund had the following sector composition as a percentage of total investments on 1-31-25:

Financials	25.0%
Information technology	19.7%
Consumer discretionary	13.0%
Communication services	8.7%
Materials	7.5%

Industrials	6.8%
Energy	5.8%
Consumer staples	5.5%
Health care	3.2%
Utilities	3.2%
Real estate	1.0%
Short-term investments	0.6%
TOTAL	100.0%

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
S&P 500 E-Mini Index Futures	9	Long	Mar 2025	$2,725,159	$2,730,263	$5,104
						$5,104

^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

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MULTIFACTOR LARGE CAP ETF (continued)

	Shares or Principal Amount	Value
Consumer discretionary (continued)
Distributors – 0.2%
Genuine Parts Company	7,141	$830,141
LKQ Corp.	10,238	382,799
Pool Corp.	1,352	465,426
Diversified consumer services – 0.1%
Bright Horizons Family Solutions, Inc. (B)	385	47,201
Duolingo, Inc. (B)	281	102,281
H&R Block, Inc.	941	52,047
Service Corp. International	8,197	640,350
Hotels, restaurants and leisure – 2.3%
Airbnb, Inc., Class A (B)	2,032	266,537
Aramark	10,868	422,874
Booking Holdings, Inc.	477	2,259,816
Carnival Corp. (B)	29,003	802,513
Cava Group, Inc. (B)	237	32,007
Chipotle Mexican Grill, Inc. (B)	31,747	1,852,437
Churchill Downs, Inc.	2,222	274,595
Darden Restaurants, Inc.	6,156	1,201,897
Domino’s Pizza, Inc.	1,189	534,004
DoorDash, Inc., Class A (B)	4,608	870,129
DraftKings, Inc., Class A (B)	7,936	332,915
Expedia Group, Inc. (B)	5,322	909,796
Hilton Worldwide Holdings, Inc.	5,181	1,326,699
Hyatt Hotels Corp., Class A	1,485	234,972
Las Vegas Sands Corp.	7,595	348,079
Light & Wonder, Inc. (B)	2,320	203,951
Marriott International, Inc., Class A	4,773	1,386,986
McDonald’s Corp.	9,599	2,771,231
Royal Caribbean Cruises, Ltd.	10,919	2,911,005
Starbucks Corp.	15,800	1,701,344
Texas Roadhouse, Inc.	1,999	362,019
Wingstop, Inc.	323	96,222
Wynn Resorts, Ltd.	3,001	260,637
Yum! Brands, Inc.	7,868	1,026,774
Household durables – 0.7%
D.R. Horton, Inc.	9,449	1,340,813
Garmin, Ltd.	5,645	1,218,473
Lennar Corp., A Shares	6,350	833,374
Lennar Corp., B Shares	397	49,939
Mohawk Industries, Inc. (B)	353	43,172
NVR, Inc. (B)	189	1,515,058
PulteGroup, Inc.	11,186	1,272,743
SharkNinja, Inc. (B)	780	87,212
Tempur Sealy International, Inc.	3,790	239,301
Toll Brothers, Inc.	2,573	349,439
TopBuild Corp. (B)	795	272,431
Leisure products – 0.0%
Hasbro, Inc.	6,066	350,857
Specialty retail – 2.4%
AutoZone, Inc. (B)	363	1,216,126