UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number   811-02105

Fidelity Salem Street Trust

 (Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210

 (Address of principal executive offices)       (Zip code)

Cynthia Lo Bessette, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)

Registrant's telephone number, including area code:

617-563-7000

Date of fiscal year end:	October 31
Date of reporting period:	October 31, 2021

Item 1.

Reports to Stockholders

Fidelity® Series Global ex U.S. Index Fund

Annual Report

October 31, 2021

Contents

Note to Shareholders
Performance
Management's Discussion of Fund Performance
Investment Summary
Schedule of Investments
Financial Statements
Notes to Financial Statements
Report of Independent Registered Public Accounting Firm
Trustees and Officers
Shareholder Expense Example
Distributions
Board Approval of Investment Advisory Contracts and Management Fees

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, 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 Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2021 FMR LLC. All rights reserved.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Note to Shareholders:

Early in 2020, the outbreak and spread of COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.

In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.

Extreme events such as the COVID-19 crisis are exogenous shocks that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets. Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

For the periods ended October 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity® Series Global ex U.S. Index Fund	29.34%	9.79%	6.76%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® Series Global ex U.S. Index Fund on October 31, 2011.

The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

	Period Ending Values
	$19,233	Fidelity® Series Global ex U.S. Index Fund
	$19,347	MSCI ACWI (All Country World Index) ex USA Index

Management's Discussion of Fund Performance

Market Recap:  The MSCI ACWI (All Country World Index) ex USA Index gained 29.85% for the 12 months ending October 31, 2021, with international equities rising amid an improved outlook for global economic growth, widespread COVID-19 vaccination, fiscal stimulus in the U.S. and abroad, and government spending programs. As 2021 began, investors saw reasons to be hopeful and the index recorded steady monthly gains. As part of the economic “reopening” trade, investors generally moved out of tech-driven mega-caps that had thrived due to the work-from-home trend in favor of cheap, smaller companies they believed stood to benefit from a broad cyclical recovery. In early September, sentiment turned broadly negative due to inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. International stocks returned -3.18% for the month, but rebounded in October (+2.39%) amid strength in corporate earnings and notable improvement in the global economy. By region, Canada (+50%) led the way, followed by the U.K. (+44%) and Europe ex U.K (+41%). Conversely, emerging markets (+17%) and Japan (+20%) lagged most. By sector, energy (+74%) fared best by a wide margin. Financials (+50%) and information technology (+43%) also stood out. In contrast, communication services (+6%), consumer discretionary (+14%) and real estate (+17%) notably trailed the index.

Comments from the Geode Capital Management, LLC, passive equity index team:  For the fiscal year ending October 31, 2021, the fund gained 29.34%, roughly in line with the 29.85% advance of the benchmark MSCI All Country World ex US Index (Net MA). (The fund's relative performance can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index, as well as by local tax laws or regulations, which vary by country.) From a regional standpoint, Canada, the U.K., and Europe ex U.K. notably contributed. By sector, financials gained 49% and contributed most, followed by information technology, which gained about 43%, and industrials, which advanced roughly 35%. The energy sector rose 73%, materials gained 33%, and consumer discretionary advanced approximately 13%, benefiting from the automobiles & components industry (+47%). Other notable contributors included the health care (+19%), consumer staples (+17%), utilities (+17%), communication services (+6%), and real estate (+18%) sectors. Turning to individual stocks, the top contributor was ASML Holding (+124%), from the semiconductors & semiconductor equipment category, followed by Taiwan Semiconductor (+42%), within the semiconductors & semiconductor equipment segment. In energy, Royal Dutch Shell advanced 94% and LVMH Moët Hennessy Louis Vuitton (+68%) from the consumer durables & apparel industry also helped. Novo Nordisk, within the pharmaceuticals, biotechnology & life sciences group, rose 73% and boosted the fund. In contrast, the biggest individual detractor was Alibaba Group Holding (-45%), from the retailing segment. Tencent Holdings, within the media & entertainment industry, returned -19% and hindered the fund. In consumer services, TAL Education Group (-94%) and New Oriental Education & Technology Group (-87%) hurt. Another detractor was Ping An Insurance (-28%), a stock in the insurance group.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Investment Summary (Unaudited)

Geographic Diversification (% of fund's net assets)

As of October 31, 2021
	Japan	14.1%
	United Kingdom	8.3%
	Canada	7.4%
	France	6.5%
	Cayman Islands	6.4%
	Switzerland	6.2%
	Germany	5.5%
	Australia	4.2%
	Taiwan	4.1%
	Other	37.3%

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of October 31, 2021

	% of fund's net assets
Stocks and Equity Futures	100.0

Top Ten Stocks as of October 31, 2021

	% of fund's net assets
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	1.9
Nestle SA (Reg. S) (Switzerland, Food Products)	1.4
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services)	1.3
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	1.2
Alibaba Group Holding Ltd. (Cayman Islands, Internet & Direct Marketing Retail)	1.1
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	1.0
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals)	1.0
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	0.8
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	0.7
Toyota Motor Corp. (Japan, Automobiles)	0.7
	11.1

Top Market Sectors as of October 31, 2021

	% of fund's net assets
Financials	20.7
Information Technology	12.6
Consumer Discretionary	12.5
Industrials	10.8
Health Care	9.2
Consumer Staples	8.2
Materials	7.8
Communication Services	6.0
Energy	5.1
Utilities	2.4

Schedule of Investments October 31, 2021

Showing Percentage of Net Assets

Common Stocks - 96.1%
		Shares	Value
Argentina - 0.0%
YPF SA Class D sponsored ADR (a)(b)		245,338	$1,030,420
Australia - 4.2%
Afterpay Ltd. (a)		237,838	22,033,175
AGL Energy Ltd.		739,209	3,180,720
Ampol Ltd.		274,387	6,305,753
APA Group unit		1,317,762	8,128,549
Aristocrat Leisure Ltd.		658,447	23,121,386
ASX Ltd.		213,582	13,338,579
Aurizon Holdings Ltd.		2,012,322	5,101,402
AusNet Services		2,081,891	3,868,273
Australia & New Zealand Banking Group Ltd.		3,133,483	66,330,555
BHP Group Ltd.		3,250,007	89,267,917
BlueScope Steel Ltd.		551,953	8,561,561
Brambles Ltd.		1,576,368	11,905,661
Cochlear Ltd.		73,268	12,149,739
Coles Group Ltd.		1,475,379	19,022,895
Commonwealth Bank of Australia		1,953,315	153,814,825
Computershare Ltd.		597,926	8,438,057
Crown Ltd. (a)		420,333	3,149,307
CSL Ltd.		502,648	113,620,364
Dexus unit		1,172,892	9,590,688
Dominos Pizza Enterprises Ltd.		67,045	6,831,871
Endeavour Group Ltd.		1,554,810	7,953,320
Evolution Mining Ltd.		1,979,058	5,404,149
Fortescue Metals Group Ltd.		1,855,177	19,440,108
Goodman Group unit		1,827,404	30,105,156
Insurance Australia Group Ltd.		2,703,431	9,761,549
Lendlease Group unit		777,921	6,121,099
Macquarie Group Ltd.		376,842	55,716,089
Magellan Financial Group Ltd.		155,267	4,049,442
Medibank Private Ltd.		3,007,823	7,511,948
Mirvac Group unit		4,261,253	9,039,588
National Australia Bank Ltd.		3,627,322	78,865,160
Newcrest Mining Ltd.		902,999	16,907,304
Northern Star Resources Ltd.		1,237,724	8,603,160
Orica Ltd.		451,103	5,134,248
Origin Energy Ltd.		1,981,113	7,525,976
Qantas Airways Ltd. (a)		962,650	3,874,221
QBE Insurance Group Ltd.		1,640,947	14,602,980
Ramsay Health Care Ltd.		196,830	10,426,763
REA Group Ltd.		60,512	7,289,597
Reece Ltd.		324,508	4,855,371
Rio Tinto Ltd.		410,899	27,908,528
Santos Ltd.		2,036,698	10,694,100
Scentre Group unit		5,694,426	12,936,568
SEEK Ltd.		371,157	9,129,933
Sonic Healthcare Ltd.		487,910	14,692,223
South32 Ltd.		5,243,422	14,081,380
Stockland Corp. Ltd. unit		2,614,196	8,947,707
Suncorp Group Ltd.		1,400,031	12,343,191
Sydney Airport unit (a)		1,450,096	8,933,936
Tabcorp Holdings Ltd.		2,521,872	9,409,508
Telstra Corp. Ltd.		4,591,099	13,192,959
The GPT Group unit		2,142,190	8,315,146
Transurban Group unit		3,323,058	33,596,914
Treasury Wine Estates Ltd.		836,472	7,248,799
Vicinity Centres unit		4,217,181	5,472,346
Washington H. Soul Pattinson & Co. Ltd.		236,561	5,779,914
Wesfarmers Ltd.		1,256,081	54,094,777
Westpac Banking Corp.		4,039,001	78,579,331
WiseTech Global Ltd.		161,460	6,204,089
Woodside Petroleum Ltd.		1,075,755	18,822,846
Woolworths Group Ltd.		1,401,067	40,134,517
TOTAL AUSTRALIA			1,301,467,217
Austria - 0.1%
Erste Group Bank AG		312,060	13,383,505
OMV AG		167,107	10,122,406
Raiffeisen International Bank-Holding AG		164,332	4,806,185
Verbund AG		75,884	7,903,744
Voestalpine AG		136,997	5,200,823
TOTAL AUSTRIA			41,416,663
Bailiwick of Jersey - 0.5%
Experian PLC		1,022,211	46,822,751
Ferguson PLC		245,231	36,900,417
Glencore Xstrata PLC		10,994,765	54,980,200
Polymetal International PLC		391,438	7,292,377
WPP PLC		1,313,540	18,986,914
TOTAL BAILIWICK OF JERSEY			164,982,659
Belgium - 0.5%
Ageas		198,803	9,675,265
Anheuser-Busch InBev SA NV		844,852	51,677,261
Colruyt NV		67,289	3,301,241
Elia System Operator SA/NV		33,891	3,953,060
Groupe Bruxelles Lambert SA		119,114	13,804,002
KBC Groep NV		276,678	25,766,292
Proximus		167,064	3,145,057
Sofina SA		16,965	7,499,453
Solvay SA Class A		82,659	9,822,931
UCB SA		140,964	16,800,597
Umicore SA		217,991	12,494,041
TOTAL BELGIUM			157,939,200
Bermuda - 0.2%
Alibaba Health Information Technology Ltd. (a)		4,484,000	5,665,153
Alibaba Pictures Group Ltd. (a)		11,510,000	1,227,852
Beijing Enterprises Water Group Ltd.		4,318,000	1,648,282
Brilliance China Automotive Holdings Ltd. (a)		2,884,000	859,143
China Gas Holdings Ltd.		3,414,400	8,539,840
China Resource Gas Group Ltd.		976,000	5,243,468
China Youzan Ltd. (a)		14,576,000	1,854,667
CK Infrastructure Holdings Ltd.		686,631	4,138,936
Cosco Shipping Ports Ltd.		1,756,345	1,462,774
Credicorp Ltd. (United States)		74,410	9,648,001
GOME Electrical Appliances Holdings Ltd. (a)		11,295,418	1,146,890
HengTen Networks Group Ltd. (a)		2,628,000	901,839
Hongkong Land Holdings Ltd.		1,277,845	7,040,926
Hopson Development Holdings Ltd.		777,920	2,124,645
Huabao International Holdings Ltd. (b)		978,000	1,837,717
Jardine Matheson Holdings Ltd.		238,864	13,837,392
Kunlun Energy Co. Ltd.		4,276,000	3,913,003
Nine Dragons Paper (Holdings) Ltd.		1,880,000	2,363,139
Shenzhen International Holdings Ltd.		1,157,959	1,397,498
TOTAL BERMUDA			74,851,165
Brazil - 0.8%
Ambev SA		4,766,530	14,349,081
Americanas SA (a)		482,410	2,538,640
Atacadao SA		547,900	1,615,411
B3 SA - Brasil Bolsa Balcao		6,768,775	14,284,013
Banco Bradesco SA		469,308	1,413,628
Banco do Brasil SA		930,100	4,696,809
Banco Inter SA unit		380,069	2,390,668
Banco Santander SA (Brasil) unit		452,800	2,759,899
BB Seguridade Participacoes SA		761,100	2,978,968
BRF SA (a)		437,000	1,798,701
BTG Pactual Participations Ltd. unit		1,296,800	5,181,410
CCR SA		1,301,700	2,636,243
Centrais Eletricas Brasileiras SA (Electrobras)		393,530	2,358,893
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)		414,300	2,583,961
Companhia Siderurgica Nacional SA (CSN)		779,000	3,144,268
Cosan SA		1,183,532	4,150,058
CPFL Energia SA		213,700	996,217
Energisa SA unit		170,300	1,195,522
ENGIE Brasil Energia SA		233,050	1,606,715
Equatorial Energia SA		941,800	3,818,063
Hapvida Participacoes e Investimentos SA (c)		1,203,400	2,460,618
Hypermarcas SA		468,500	2,329,301
JBS SA		961,300	6,651,328
Klabin SA unit		722,200	2,935,481
Localiza Rent A Car SA		655,241	5,259,296
Lojas Renner SA		1,027,554	5,868,044
Magazine Luiza SA		3,246,532	6,218,330
Natura & Co. Holding SA (a)		965,719	6,656,237
Notre Dame Intermedica Participacoes SA		572,210	6,507,041
Petroleo Brasileiro SA - Petrobras (ON)		2,972,211	14,571,934
Raia Drogasil SA		1,153,800	4,753,154
Rede D'Oregon Sao Luiz SA (c)		422,100	4,412,612
Rumo SA (a)		1,361,700	3,857,965
Suzano Papel e Celulose SA (a)		819,895	7,151,818
Telefonica Brasil SA		534,340	4,309,713
TIM SA		786,703	1,563,983
Totvs SA		609,400	3,537,323
Ultrapar Participacoes SA		846,200	1,956,644
Ultrapar Participacoes SA rights 11/3/21 (a)(d)		60,651	107
Vale SA		3,622,486	45,963,043
Vale SA sponsored ADR		765,955	9,750,607
Via S/A (a)		1,408,100	1,534,394
Vibra Energia SA		1,336,450	4,968,057
Weg SA		1,883,932	12,350,807
TOTAL BRAZIL			242,065,005
British Virgin Islands - 0.0%
Mail.Ru Group Ltd. unit (a)		125,828	2,586,220
Canada - 7.2%
Agnico Eagle Mines Ltd. (Canada)		273,124	14,497,023
Air Canada (a)		185,331	3,322,960
Algonquin Power & Utilities Corp. (b)		694,521	10,011,518
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)		913,394	34,259,655
AltaGas Ltd. (b)		310,562	6,429,055
ATCO Ltd. Class I (non-vtg.)		77,260	2,621,946
B2Gold Corp.		1,242,155	5,128,807
Ballard Power Systems, Inc. (a)		258,074	4,677,278
Bank of Montreal (b)		713,027	77,415,512
Bank of Nova Scotia		1,336,571	87,628,774
Barrick Gold Corp. (Canada)		1,964,168	36,042,546
Bausch Health Cos., Inc. (Canada) (a)		339,198	9,507,740
BCE, Inc.		78,726	4,052,710
BlackBerry Ltd. (a)		596,458	6,443,636
Brookfield Asset Management, Inc. (Canada) Class A		1,415,587	85,465,951
Brookfield Renewable Corp.		148,871	6,166,069
CAE, Inc. (a)		328,886	9,973,409
Cameco Corp.		448,159	10,888,931
Canadian Apartment Properties (REIT) unit (b)		99,104	4,839,088
Canadian Imperial Bank of Commerce (b)		495,329	60,103,067
Canadian National Railway Co.		783,895	104,181,520
Canadian Natural Resources Ltd.		1,311,296	55,732,199
Canadian Pacific Railway Ltd. (b)		740,588	57,321,368
Canadian Tire Ltd. Class A (non-vtg.) (b)		64,496	9,160,558
Canadian Utilities Ltd. Class A (non-vtg.)		132,943	3,851,007
CCL Industries, Inc. Class B		175,290	9,581,746
Cenovus Energy, Inc. (Canada)		1,461,877	17,482,046
CGI, Inc. Class A (sub. vtg.) (a)		245,093	21,895,186
Constellation Software, Inc.		22,161	38,946,310
Dollarama, Inc.		327,431	14,800,008
Emera, Inc. (b)		271,441	12,628,937
Empire Co. Ltd. Class A (non-vtg.)		203,378	6,080,305
Enbridge, Inc. (b)		2,234,952	93,616,606
Fairfax Financial Holdings Ltd. (sub. vtg.)		29,584	11,982,046
First Quantum Minerals Ltd.		648,444	15,351,817
FirstService Corp.		42,946	8,565,603
Fortis, Inc.		521,827	23,228,385
Franco-Nevada Corp.		212,344	30,298,826
George Weston Ltd.		88,313	9,542,028
GFL Environmental, Inc.		177,923	7,316,178
Gildan Activewear, Inc.		223,395	8,205,831
Great-West Lifeco, Inc.		292,332	8,600,362
Hydro One Ltd. (c)		369,370	8,825,364
iA Financial Corp, Inc.		118,541	7,012,271
IGM Financial, Inc.		97,168	3,858,141
Imperial Oil Ltd.		280,913	9,510,548
Intact Financial Corp.		192,600	25,819,543
Ivanhoe Mines Ltd. (a)		673,202	5,281,829
Keyera Corp. (b)		265,273	6,799,014
Kinross Gold Corp.		1,374,789	8,264,730
Kirkland Lake Gold Ltd.		301,120	12,693,463
Lightspeed Commerce, Inc. (Canada) (a)		116,670	11,371,931
Loblaw Companies Ltd.		194,013	14,591,734
Lundin Mining Corp.		715,042	6,222,529
Magna International, Inc. Class A (sub. vtg.)		316,361	25,733,728
Manulife Financial Corp.		2,137,192	41,635,180
Metro, Inc.		283,609	14,269,823
National Bank of Canada		372,723	30,857,465
Northland Power, Inc. (b)		261,465	8,406,345
Nutrien Ltd.		626,980	43,821,728
Nuvei Corp. (a)(c)		63,696	7,655,255
Onex Corp. (sub. vtg.)		88,409	6,588,528
Open Text Corp.		300,407	15,132,007
Pan American Silver Corp.		229,505	5,877,624
Parkland Corp. (b)		179,538	5,223,952
Pembina Pipeline Corp. (b)		614,800	20,352,582
Power Corp. of Canada (sub. vtg.) (b)		615,993	20,516,509
Quebecor, Inc. Class B (sub. vtg.)		175,406	4,470,188
Restaurant Brands International, Inc.		191,519	10,843,355
Restaurant Brands International, Inc. (b)		113,857	6,448,860
RioCan (REIT) (b)		205,637	3,703,659
Ritchie Bros. Auctioneers, Inc.		123,694	8,454,489
Rogers Communications, Inc. Class B (non-vtg.)		389,596	18,119,866
Royal Bank of Canada (b)		1,566,666	163,072,006
Saputo, Inc.		268,863	6,421,776
Shaw Communications, Inc. Class B		493,553	14,213,178
Shopify, Inc. Class A (a)		124,388	181,618,943
Sun Life Financial, Inc.		644,243	36,714,980
Suncor Energy, Inc.		1,687,520	44,383,303
TC Energy Corp.		1,084,805	58,684,304
Teck Resources Ltd. Class B (sub. vtg.)		514,702	14,364,744
TELUS Corp.		494,234	11,337,511
The Toronto-Dominion Bank		2,002,129	145,338,776
Thomson Reuters Corp.		191,296	23,010,856
TMX Group Ltd.		65,318	7,071,719
Toromont Industries Ltd. (b)		90,679	8,067,764
West Fraser Timber Co. Ltd.		106,986	8,565,969
Wheaton Precious Metals Corp.		501,096	20,228,471
WSP Global, Inc.		128,281	17,390,907
Yamana Gold, Inc.		1,134,181	4,453,878
TOTAL CANADA			2,231,145,872
Cayman Islands - 6.4%
3SBio, Inc. (a)(c)		1,356,500	1,241,344
51job, Inc. sponsored ADR (a)		36,681	2,184,720
AAC Technology Holdings, Inc.		763,500	3,300,012
Abu Dhabi Islamic Bank		1,424,432	2,264,727
Agile Property Holdings Ltd.		1,092,000	858,947
Agora, Inc. ADR (a)(b)		56,127	1,223,569
Airtac International Group		161,456	4,812,659
Akeso, Inc. (a)(c)		321,000	1,798,805
Alibaba Group Holding Ltd. (a)		16,743,124	344,283,131
Anta Sports Products Ltd.		1,188,000	18,567,033
Autohome, Inc. ADR Class A		82,346	3,240,315
Baidu, Inc. sponsored ADR (a)		304,977	49,479,468
Baozun, Inc. sponsored ADR (a)		64,657	1,118,566
BeiGene Ltd. ADR (a)		50,743	18,151,786
Bilibili, Inc. ADR (a)(b)		181,116	13,275,803
Bosideng International Holdings Ltd.		3,416,000	2,651,840
Budweiser Brewing Co. APAC Ltd. (c)		1,928,358	5,316,275
Burning Rock Biotech Ltd. ADR (a)		40,995	577,620
Chailease Holding Co. Ltd.		1,444,708	13,801,125
China Aoyuan Group Ltd.		1,168,000	460,865
China Conch Venture Holdings Ltd.		1,793,000	8,757,021
China East Education Holdings Ltd. (c)		459,000	437,143
China Education Group Holdings Ltd.		737,000	1,265,513
China Evergrande Group (b)		1,832,000	546,268
China Feihe Ltd. (c)		4,023,000	6,701,122
China Hongqiao Group Ltd.		2,427,000	2,698,226
China Huishan Dairy Holdings Co. Ltd. (a)(d)		958,000	1
China Liansu Group Holdings Ltd.		1,176,000	1,825,857
China Literature Ltd. (a)(c)		440,800	3,067,839
China Medical System Holdings Ltd.		1,467,000	2,500,150
China Meidong Auto Holding Ltd.		618,000	3,208,945
China Mengniu Dairy Co. Ltd.		3,478,000	22,149,592
China Overseas Property Holdings Ltd.		1,250,000	1,124,606
China Resources Cement Holdings Ltd.		2,532,000	2,134,814
China Resources Land Ltd.		3,548,465	13,818,969
China Resources Mixc Lifestyle Services Ltd. (c)		595,400	3,133,684
China State Construction International Holdings Ltd.		1,947,750	2,000,196
China Yuhua Education Corp. Ltd. (c)		1,196,000	544,160
ChinaSoft International Ltd.		2,922,000	4,889,717
Chindata Group Holdings Ltd. ADR (a)		80,398	800,764
Chow Tai Fook Jewellery Group Ltd.		2,260,400	4,625,097
CIFI Ever Sunshine Services Group Ltd.		882,000	1,600,648
CIFI Holdings Group Co. Ltd.		3,907,115	2,169,364
CK Asset Holdings Ltd.		2,167,639	13,386,679
CK Hutchison Holdings Ltd.		2,973,723	20,008,277
Country Garden Holdings Co. Ltd.		8,727,858	8,200,070
Country Garden Services Holdings Co. Ltd.		1,689,000	13,133,410
Dali Foods Group Co. Ltd. (c)		1,841,000	1,024,552
Daqo New Energy Corp. ADR (a)		66,132	5,144,408
ENN Energy Holdings Ltd.		868,800	15,041,110
ESR Cayman Ltd. (a)(c)		2,161,191	7,013,697
Futu Holdings Ltd. ADR (a)(b)		56,286	3,012,427
Gaotu Techedu, Inc. ADR (a)(b)		116,857	343,560
GDS Holdings Ltd. ADR (a)		100,232	5,953,781
Geely Automobile Holdings Ltd.		6,472,000	22,500,816
Genscript Biotech Corp. (a)		1,270,000	5,639,548
Greentown China Holdings Ltd.		1,080,000	1,493,580
Greentown Service Group Co. Ltd.		1,676,000	1,665,122
Haidilao International Holding Ltd. (b)(c)		1,133,000	3,174,526
Haitian International Holdings Ltd.		667,000	1,954,579
Hansoh Pharmaceutical Group Co. Ltd. (c)		1,244,000	2,778,834
Hello Group, Inc. ADR		172,477	2,147,339
Hengan International Group Co. Ltd.		731,500	3,821,795
Huazhu Group Ltd. ADR (a)		193,997	8,993,701
Hutchison China Meditech Ltd. sponsored ADR (a)		89,065	2,620,292
HUYA, Inc. ADR (a)(b)		90,009	739,874
I-Mab ADR (a)		34,201	2,113,280
Innovent Biologics, Inc. (a)(c)		1,300,500	11,666,975
iQIYI, Inc. ADR (a)(b)		322,572	2,670,896
JD Health International, Inc. (c)		368,850	3,266,341
JD.com, Inc. sponsored ADR (a)		959,518	75,111,069
Jinxin Fertility Group Ltd. (a)(c)		1,424,500	2,017,607
Jiumaojiu International Holdings Ltd. (c)		839,000	2,102,757
JOYY, Inc. ADR (b)		59,862	3,016,446
Kaisa Group Holdings Ltd. (b)		3,105,285	478,933
KE Holdings, Inc. ADR (a)		399,474	7,278,416
Kingboard Chemical Holdings Ltd.		706,500	3,091,874
Kingboard Laminates Holdings Ltd.		972,500	1,524,902
Kingdee International Software Group Co. Ltd. (a)		2,915,000	9,628,623
Kingsoft Cloud Holdings Ltd. ADR (a)(b)		64,895	1,490,638
Kingsoft Corp. Ltd.		1,032,400	4,438,504
Kuaishou Technology Class B (c)		306,500	4,077,212
KWG Group Holdings Ltd.		1,210,000	1,057,516
Lee & Man Paper Manufacturing Ltd.		1,297,000	973,521
Legend Biotech Corp. ADR (a)		123	6,458
Li Ning Co. Ltd.		2,459,500	27,343,583
Logan Property Holdings Co. Ltd.		1,308,000	1,312,959
Longfor Properties Co. Ltd. (c)		2,024,000	9,833,198
Lufax Holding Ltd. ADR (a)		183,171	1,155,809
Meituan Class B (a)(c)		4,446,190	151,297,805
Melco Crown Entertainment Ltd. sponsored ADR (a)		225,681	2,444,125
Microport Scientific Corp.		675,300	3,185,336
Ming Yuan Cloud Group Holdings Ltd.		442,000	1,448,622
Minth Group Ltd.		798,000	3,189,744
NetEase, Inc. ADR		445,740	43,499,767
New Oriental Education & Technology Group, Inc. sponsored ADR		1,649,139	3,380,735
NIO, Inc. sponsored ADR (a)		1,504,731	59,301,449
Noah Holdings Ltd. sponsored ADR (a)		34,495	1,466,382
OneConnect Financial Technology Co. Ltd. ADR (a)(b)		107,222	339,894
Pinduoduo, Inc. ADR (a)		484,403	43,073,115
Ping An Healthcare and Technology Co. Ltd. (a)(b)(c)		506,600	2,464,470
Powerlong Real Estate Holding Ltd.		1,337,000	921,062
RLX Technology, Inc. ADR (b)		664,527	3,229,601
Sands China Ltd. (a)		2,744,465	6,255,117
Sany Heavy Equipment International Holdings Co. Ltd.		1,277,000	1,464,024
Sea Ltd. ADR (a)		75,528	25,949,155
Seazen Group Ltd.		2,418,000	1,917,494
Shenzhou International Group Holdings Ltd.		906,500	19,529,819
Shimao Property Holdings Ltd.		1,345,000	2,115,905
Shimao Services Holdings Ltd. (b)(c)		713,000	1,359,928
Silergy Corp.		87,000	14,309,930
Sino Biopharmaceutical Ltd.		11,368,000	8,415,870
SITC International Holdings Co. Ltd.		1,485,000	5,029,208
Smoore International Holdings Ltd. (c)		1,972,000	9,453,840
SSY Group Ltd.		1,400,000	667,566
Sunac China Holdings Ltd.		2,722,000	5,863,469
Sunac Services Holdings Ltd. (c)		808,000	1,638,743
Sunny Optical Technology Group Co. Ltd.		782,900	21,151,029
TAL Education Group ADR (a)		471,669	1,929,126
Tencent Holdings Ltd.		6,349,400	386,232,687
Tencent Music Entertainment Group ADR (a)		742,012	5,832,214
Tingyi (Cayman Islands) Holding Corp.		2,112,000	3,952,281
Tongcheng-Elong Holdings Ltd. (a)		1,082,000	2,422,523
Topsports International Holdings Ltd. (c)		1,636,000	1,989,147
Trip.com Group Ltd. ADR (a)		560,467	16,006,938
Uni-President China Holdings Ltd.		1,268,000	1,082,131
Up Fintech Holdings Ltd. ADR (a)(b)		97,302	629,544
Vinda International Holdings Ltd. (b)		347,000	956,642
Vipshop Holdings Ltd. ADR (a)		489,848	5,466,704
Vnet Group, Inc. ADR (a)		102,566	1,608,235
Want Want China Holdings Ltd.		5,006,000	3,879,722
Weibo Corp. sponsored ADR (a)(b)		75,039	3,375,254
Weimob, Inc. (a)(b)(c)		1,919,000	2,974,505
WH Group Ltd. (c)		9,438,743	6,623,679
Wharf Real Estate Investment Co. Ltd.		1,855,349	10,468,456
Wuxi Biologics (Cayman), Inc. (a)(c)		3,980,500	60,292,497
Wynn Macau Ltd. (a)		1,704,747	1,533,735
Xiaomi Corp. Class B (a)(c)		15,977,000	43,841,520
Xinyi Glass Holdings Ltd.		2,023,467	5,708,515
Xinyi Solar Holdings Ltd.		5,333,450	11,159,767
XP, Inc. Class A (a)		23,983	786,882
XPeng, Inc. ADR (a)		422,190	19,686,720
Yadea Group Holdings Ltd. (c)		1,340,000	2,307,821
Yihai International Holding Ltd.		503,000	2,957,683
Zai Lab Ltd. ADR (a)		83,694	8,737,654
Zhen Ding Technology Holding Ltd.		741,230	2,555,507
Zhenro Properties Group Ltd.		1,337,000	635,807
Zhongsheng Group Holdings Ltd. Class H		666,500	6,026,383
ZTO Express, Inc. sponsored ADR		481,164	14,112,540
TOTAL CAYMAN ISLANDS			1,984,193,823
Chile - 0.1%
Banco de Chile		50,646,232	4,395,358
Banco de Credito e Inversiones		59,785	2,013,215
Banco Santander Chile		69,064,459	3,022,366
Cencosud SA		1,578,722	2,309,378
Cencosud Shopping SA		541,396	523,979
Colbun SA		8,543,515	589,172
Compania Cervecerias Unidas SA		148,443	1,243,691
Empresas CMPC SA		1,255,635	2,316,789
Empresas COPEC SA		433,118	3,407,443
Enel Americas SA		22,403,028	2,547,363
Enel Chile SA		31,768,169	1,301,577
Falabella SA		854,906	2,364,101
TOTAL CHILE			26,034,432
China - 3.2%
360 Security Technology, Inc. (A Shares) (a)		788,800	1,482,598
A-Living Smart City Services C (H Shares) (c)		642,250	2,154,453
Addsino Co. Ltd. (A Shares)		89,800	215,186
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) (a)		42,874	1,045,454
AECC Aero-Engine Control Co. Ltd. (A Shares)		61,200	254,898
AECC Aviation Power Co. Ltd.		187,452	1,731,204
Agricultural Bank of China Ltd.:
(A Shares)		1,137,100	521,886
(H Shares)		33,015,000	11,244,746
Aier Eye Hospital Group Co. Ltd. (A Shares)		375,000	2,841,002
Air China Ltd.:
(A Shares) (a)		1,259,700	1,673,504
(H Shares) (a)		1,052,000	742,302
Aluminum Corp. of China Ltd.:
(A shares) (a)		463,800	444,559
(H Shares) (a)		4,866,000	2,928,314
Angel Yeast Co. Ltd. (A Shares)		41,700	362,139
Anhui Conch Cement Co. Ltd.:
(A Shares)		129,900	772,211
(H Shares)		1,525,000	7,585,309
Anhui Gujing Distillery Co. Ltd.:
(A Shares)		15,800	561,506
(B Shares)		158,900	2,048,004
Anhui Honglu Steel Construction Group Co. Ltd.		37,000	243,172
Anhui Kouzi Distillery Co. Ltd. (A Shares)		31,400	297,199
Apeloa Pharmaceutical Co. Ltd. A Shares		70,000	379,409
Asymchem Laboratories Tianjin Co. Ltd. (A Shares)		13,100	814,354
Autobio Diagnostics Co. Ltd.		35,200	300,470
Avary Holding Shenzhen Co. Ltd. (A Shares)		118,700	648,373
AVIC Capital Co. Ltd. (A Shares)		584,900	355,190
AVIC Electromechanical Systems Co. Ltd. (A Shares)		200,500	475,760
AviChina Industry & Technology Co. Ltd. (H Shares)		2,855,000	1,820,037
Avicopter PLC (A Shares)		35,900	352,065
Bank of Beijing Co. Ltd. (A Shares)		1,592,200	1,101,112
Bank of Chengdu Co. Ltd. (A Shares)		202,100	402,575
Bank of China Ltd.:
(A Shares)		1,564,300	744,818
(H Shares)		87,859,024	31,093,466
Bank of Communications Co. Ltd.:
(A Shares)		753,200	531,470
(H Shares)		11,177,200	6,651,300
Bank of Hangzhou Co. Ltd. (A Shares)		306,931	684,225
Bank of Jiangsu Co. Ltd. (A Shares)		989,960	972,072
Bank of Nanjing Co. Ltd. (A Shares)		590,500	894,173
Bank of Ningbo Co. Ltd. (A Shares)		371,100	2,213,015
Bank of Shanghai Co. Ltd. (A Shares)		1,062,500	1,209,168
Baoshan Iron & Steel Co. Ltd. (A Shares)		1,355,400	1,508,645
BBMG Corp. (A Shares)		477,800	209,596
Beijing BDStar Navigation Co. Ltd. (A Shares) (a)		26,800	165,760
Beijing Capital International Airport Co. Ltd. (H Shares) (a)		1,812,000	1,176,094
Beijing Dabeinong Technology Group Co. Ltd. (A Shares)		239,800	321,193
Beijing E-Hualu Information Technology Co. Ltd. (A Shares) (a)		39,800	179,747
Beijing Enlight Media Co. Ltd. (A Shares)		153,700	224,584
Beijing Kingsoft Office Software, Inc. (A Shares)		29,182	1,345,176
Beijing New Building Materials PLC (A Shares)		87,000	383,543
Beijing Originwater Technology Co. Ltd. (A Shares)		167,400	182,407
Beijing Roborock Technology Co. Ltd. (A Shares)		5,042	708,395
Beijing Shiji Information Technology Co. Ltd. (A Shares)		64,680	239,101
Beijing Shunxin Agriculture Co. Ltd.		38,600	196,322
Beijing Sinnet Technology Co. Ltd. (A Shares)		72,700	149,923
Beijing Tiantan Biological Products Corp. Ltd. (A Shares)		67,080	302,322
Beijing United Information Technology Co. Ltd. (A Shares)		26,400	462,410
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. (A Shares)		30,600	1,056,806
Beijing Yanjing Brewery Co. Ltd. (A Shares)		219,300	226,977
Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. (A Shares)		17,200	434,984
Beijing-Shanghai High Speed Railway Co. Ltd. (A Shares)		2,539,500	1,823,627
Betta Pharmaceuticals Co. Ltd. (A Shares)		21,800	269,533
BGI Genomics Co. Ltd.		22,000	306,075
BOC International China Co. Ltd.		152,400	315,946
BOE Technology Group Co. Ltd. (A Shares)		3,019,100	2,314,137
By-Health Co. Ltd. (A Shares)		80,300	319,407
BYD Co. Ltd.:
(A Shares)		33,200	1,613,471
(H Shares)		974,000	37,253,144
C&S Paper Co. Ltd. (A Shares)		75,600	201,104
Caitong Securities Co. Ltd.		209,200	335,073
CanSino Biologics, Inc.:
(A Shares) (a)		10,359	442,935
(H Shares) (a)(c)		77,800	2,003,871
CGN Power Co. Ltd. (H Shares) (c)		11,230,000	3,031,039
Chacha Food Co. Ltd. (A Shares)		27,900	247,826
Changchun High & New Technology Industry Group, Inc. (A Shares)		24,900	1,060,254
Changjiang Securities Co. Ltd. (A Shares)		305,600	345,400
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. (A Shares)		14,900	531,871
Chaozhou Three-Circle Group Co. (A Shares)		93,100	581,353
Chifeng Jilong Gold Mining Co. Ltd. (A Shares) (a)		89,800	228,925
China Baoan Group Co. Ltd. (A Shares)		186,000	607,151
China Bohai Bank Co. Ltd. (H Shares) (c)		3,181,000	1,206,086
China Cinda Asset Management Co. Ltd. (H Shares)		9,285,000	1,551,378
China CITIC Bank Corp. Ltd.:
(A Shares)		308,300	218,504
(H Shares)		9,135,293	4,015,513
China Communications Services Corp. Ltd. (H Shares)		2,476,000	1,368,395
China Construction Bank Corp.:
(A Shares)		1,574,400	1,457,471
(H Shares)		104,695,649	71,253,847
China CSSC Holdings Ltd. (A Shares)		287,000	1,010,319
China Eastern Airlines Corp. Ltd. (A Shares) (a)		729,400	549,975
China Everbright Bank Co. Ltd.:
(A Shares)		4,317,300	2,318,466
(H Shares)		4,274,000	1,505,142
China Fortune Land Development Co. Ltd. (A Shares) (a)		202,930	116,580
China Galaxy Securities Co. Ltd. (H Shares)		4,667,500	2,603,554
China Great Wall Securities Co. Ltd. (A Shares)		112,800	200,921
China Greatwall Technology Group Co. Ltd. (A Shares)		152,400	319,991
China Huarong Asset Management Co. Ltd. (a)(c)(d)		8,859,000	1,161,388
China International Capital Corp. Ltd.		108,600	816,481
China International Capital Corp. Ltd. (H Shares) (c)		1,416,800	3,525,384
China International Travel Service Corp. Ltd. (A Shares)		133,000	5,573,927
China Jushi Co. Ltd. (A Shares)		211,340	631,471
China Life Insurance Co. Ltd.:
(A Shares)		112,700	524,288
(H Shares)		8,410,000	14,610,448
China Longyuan Power Grid Corp. Ltd. (H Shares)		3,707,000	8,661,816
China Merchants Bank Co. Ltd.:
(A Shares)		442,700	3,729,855
(H Shares)		5,171,691	43,571,023
China Merchants Energy Shipping Co. Ltd. (A Shares)		430,560	307,843
China Merchants Property Operation & Service Co. Ltd. (A Shares)		60,900	128,346
China Merchants Securities Co. Ltd. (A Shares)		479,200	1,283,702
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares)		650,200	1,058,672
China Minsheng Banking Corp. Ltd.:
(A Shares)		1,905,200	1,156,965
(H Shares)		7,103,332	2,821,065
China Molybdenum Co. Ltd.:
(A Shares)		384,300	359,358
(H Shares)		5,166,000	3,206,964
China National Building Materials Co. Ltd. (H Shares)		4,348,000	5,465,387
China National Chemical Engineering Co. Ltd. (A Shares)		327,100	536,677
China National Medicines Corp. Ltd. (A Shares)		40,000	190,454
China National Nuclear Power Co. Ltd. (A Shares)		808,100	864,143
China National Software & Service Co. Ltd. (A Shares)		27,000	215,806
China Northern Rare Earth Group High-Tech Co. Ltd.		184,600	1,458,184
China Oilfield Services Ltd. (H Shares)		2,054,000	1,977,310
China Pacific Insurance (Group) Co. Ltd.		109,600	468,804
China Pacific Insurance (Group) Co. Ltd. (H Shares)		3,302,400	10,186,698
China Petroleum & Chemical Corp.:
(A Shares)		425,000	281,973
(H Shares)		28,807,800	14,036,111
China Railway Group Ltd.:
(A Shares)		2,481,900	2,034,106
(H Shares)		3,849,000	1,884,800
China Railway Signal & Communications Corp. (A Shares)		645,958	497,143
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. (A Shares)		60,700	228,653
China Shenhua Energy Co. Ltd.:
(A Shares)		31,000	96,256
(H Shares)		4,275,500	9,209,868
China South Publishing & Media Group Co. Ltd. (A Shares)		134,474	172,140
China Southern Airlines Ltd.:
(A Shares) (a)		1,312,000	1,343,593
(H Shares) (a)		942,000	573,881
China State Construction Engineering Corp. Ltd. (A Shares)		2,840,440	2,066,339
China Tower Corp. Ltd. (H Shares) (c)		45,638,000	5,924,347
China TransInfo Technology Co. Ltd. (A Shares)		83,100	173,575
China United Network Communications Ltd. (A Shares)		3,531,000	2,248,992
China Vanke Co. Ltd.:
(A Shares)		588,900	1,674,100
(H Shares)		1,856,700	4,347,931
China Yangtze Power Co. Ltd. (A Shares)		1,377,800	4,570,620
China Zheshang Bank Co. Ltd.		1,543,400	828,833
Chongqing Brewery Co. Ltd. (A Shares) (a)		25,500	598,911
Chongqing Changan Automobile Co. Ltd. (A Shares)		447,280	1,361,583
Chongqing Fuling Zhacai Group Co. Ltd. Group (A Shares)		42,300	230,328
Chongqing Rural Commercial Bank Co. Ltd.:
(A Shares)		198,300	118,254
(H Shares)		2,615,000	941,071
Chongqing Zhifei Biological Products Co. Ltd. (A Shares)		109,900	2,576,900
CITIC Securities Co. Ltd.:
(A Shares)		52,700	212,914
(H Shares)		3,455,500	8,802,520
Contemporary Amperex Technology Co. Ltd.		151,300	15,097,996
COSCO Shipping Energy Transportation Co. Ltd. (A Shares)		293,500	271,702
COSCO SHIPPING Holdings Co. Ltd.:
(A Shares)		480,870	1,240,882
(H Shares) (b)		4,464,600	6,931,735
CRRC Corp. Ltd. (A Shares)		2,379,300	2,206,306
CSC Financial Co. Ltd. (A Shares)		284,000	1,254,242
Daan Gene Co. Ltd.		79,840	239,928
DaShenLin Pharmaceutical Group Co. Ltd.		41,400	228,594
DHC Software Co. Ltd. (A Shares)		928,900	1,006,372
Dong E-E-Jiao Co. Ltd. (A Shares)		53,400	338,702
Dongfang Electric Corp. Ltd. (A Shares)		139,524	395,326
Dongfeng Motor Group Co. Ltd. (H Shares)		3,108,000	2,904,076
Dongxing Securities Co. Ltd. (A Shares)		195,900	335,178
East Money Information Co. Ltd. (A Shares)		751,248	3,858,418
Ecovacs Robotics Co. Ltd. Class A		31,300	837,989
ENN Natural Gas Co. Ltd. (A Shares)		148,700	427,361
Eve Energy Co. Ltd. (A shares)		110,129	1,950,456
Everbright Securities Co. Ltd. (A Shares)		198,200	471,231
Fangda Carbon New Material Co. Ltd. (A Shares)		224,487	376,379
FAW Jiefang Group Co. Ltd. (A Shares)		156,700	254,654
Fiberhome Telecommunication Technologies Co. Ltd. (A Shares)		58,500	157,352
Financial Street Holdings Co. Ltd. (A Shares)		177,500	161,823
First Capital Securities Co. Ltd. (A Shares)		221,400	236,063
Flat Glass Group Co. Ltd. (A Shares)		347,700	2,985,908
Focus Media Information Technology Co. Ltd. (A Shares)		947,940	1,089,152
Foshan Haitian Flavouring & Food Co. Ltd. (A Shares)		258,624	4,724,534
Founder Securities Co. Ltd. (A Shares)		428,400	545,720
Foxconn Industrial Internet Co. Ltd. (A Shares)		607,594	1,076,563
Fu Jian Anjoy Foods Co. Ltd. (A Shares)		13,100	414,406
Fujian Sunner Development Co. Ltd. A Shares		72,200	252,924
Fuyao Glass Industries Group Co. Ltd.:
(A Shares)		38,900	299,990
(H Shares) (c)		774,800	4,471,245
G-bits Network Technology Xiamen Co. Ltd. (A Shares)		4,200	224,525
Ganfeng Lithium Co. Ltd. (A Shares)		188,400	4,923,414
GCL System Integration Technology Co. Ltd. (a)		270,800	170,366
GEM Co. Ltd. (A Shares)		254,300	432,716
Gemdale Corp. (A Shares)		245,600	389,157
GF Securities Co. Ltd.:
(A Shares)		70,600	221,750
(H Shares)		2,004,400	3,405,715
Giant Network Group Co. Ltd. (A Shares)		91,000	141,208
Gigadevice Semiconductor Beijing, Inc. (A Shares)		47,384	1,253,883
GoerTek, Inc. (A Shares)		203,400	1,382,514
Gotion High-tech Co. Ltd. (A Shares) (a)		69,900	642,721
Great Wall Motor Co. Ltd.:
(A Shares)		81,100	860,914
(H Shares)		3,564,000	16,078,195
Greenland Holdings Corp. Ltd. (A Shares)		2,389,120	1,532,886
GRG Banking Equipment Co. Ltd. (A Shares)		127,700	206,529
Guangdong Haid Group Co. Ltd. (A Shares)		106,100	1,087,377
Guangdong Hongda Blasting Co. Ltd. (A Shares)		40,600	174,487
Guangdong Kinlong Hardware Products Co. Ltd. (A Shares)		17,200	358,674
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd.		36,200	126,756
Guanghui Energy Co. Ltd. (A Shares) (a)		376,500	388,505
Guangzhou Automobile Group Co. Ltd.		12,200	32,910
Guangzhou Automobile Group Co. Ltd. (H Shares)		3,227,526	3,053,093
Guangzhou Baiyunshan Pharma Health (A Shares)		79,500	361,400
Guangzhou Haige Communications Group (A Shares)		113,500	167,262
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares)		24,900	445,038
Guangzhou R&F Properties Co. Ltd. (H Shares) (b)		1,932,000	1,211,768
Guangzhou Shiyuan Electronic Technology Co. Ltd. (A Shares)		33,100	392,710
Guangzhou Tinci Materials Technology Co. Ltd. (A Shares)		66,470	1,711,415
Guangzhou Wondfo Biotech Co. Ltd. (A Shares)		24,570	132,981
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. (A Shares)		132,975	160,465
Guolian Securities Co. Ltd.		84,200	160,757
Guosen Securities Co. Ltd. (A Shares)		542,800	965,995
Guotai Junan Securities Co. Ltd.:
(A Shares)		649,900	1,777,504
(H Shares) (c)		209,800	286,906
Guoyuan Securities Co. Ltd. (A Shares)		276,900	320,743
Haier Smart Home Co. Ltd.		2,551,000	9,541,045
Haier Smart Home Co. Ltd. (A Shares)		369,300	1,568,116
Haitong Securities Co. Ltd.:
(A Shares)		65,000	125,317
(H Shares)		4,588,400	4,086,834
Hanergy Mobile Energy Holding (a)(d)		1,902,000	2
Hangzhou First Applied Material Co. Ltd. (A Shares)		58,500	1,308,676
Hangzhou Great Star Industrial Co. Ltd. (A Shares) (a)		91,900	459,518
Hangzhou Oxygen Plant Group Co. Ltd. (A Shares)		68,500	276,962
Hangzhou Robam Appliances Co. Ltd. (A Shares)		60,000	293,455
Hangzhou Silan Microelectronics Co. Ltd. (A Shares)		79,400	764,407
Hangzhou Tigermed Consulting Co. Ltd.:
(A Shares)		102,907	2,737,439
(H Shares) (c)		39,500	770,150
Hefei Meiya Optoelectronic Technology, Inc. (A Shares)		64,800	408,986
Heilongjiang Agriculture Co. Ltd. (A Shares)		97,800	210,081
Henan Shuanghui Investment & Development Co. Ltd. (A Shares)		197,900	911,377
Hengli Petrochemical Co. Ltd. (A Shares)		353,160	1,215,103
Hengyi Petrochemical Co. Ltd. (A Shares)		197,110	336,940
Hesteel Co. Ltd. (A Shares)		773,200	296,932
Hithink RoyalFlush Information Network Co. Ltd. (A Shares)		27,400	482,534
Hongfa Technology Co. Ltd. (A Shares)		39,800	461,887
Huaan Securities Co. Ltd. (A Shares)		256,880	204,919
Huadian Power International Corp. Ltd. (A Shares)		448,900	309,043
Huadong Medicine Co. Ltd. (A Shares)		93,060	532,290
Huafon Chemical Co. Ltd. (A Shares)		302,200	560,927
Huagong Tech Co. Ltd. (A Shares)		57,600	258,967
Hualan Biological Engineer, Inc. (A Shares)		94,650	438,841
Huaneng Power International, Inc.:
(A Shares)		400,100	481,563
(H Shares)		3,874,000	2,006,583
Huatai Securities Co. Ltd.:
(A Shares)		217,500	538,848
(H Shares) (c)		2,318,000	3,455,922
HUAXI Securities Co. Ltd.		156,800	221,526
Huaxia Bank Co. Ltd. (A Shares)		2,388,664	2,099,392
Huaxin Cement Co. Ltd. (A Shares)		72,800	190,247
Huayu Automotive Systems Co. Ltd. (A Shares)		159,000	663,726
Hubei Biocause Pharmaceutical Co. Ltd. (A Shares)		1,815,962	921,340
Huizhou Desay SV Automotive Co. Ltd.		31,500	527,889
Humanwell Healthcare Group Co. Ltd. (A Shares)		76,900	253,062
Hunan Valin Steel Co. Ltd. (A Shares)		314,400	262,092
Hundsun Technologies, Inc. (A Shares)		76,370	751,092
iFlytek Co. Ltd. (A Shares)		199,200	1,754,496
IMEIK Technology Development Co. Ltd. (A Shares)		12,800	1,250,277
Industrial & Commercial Bank of China Ltd.:
(A Shares)		1,310,600	955,470
(H Shares)		65,523,008	35,917,241
Industrial Bank Co. Ltd. (A Shares)		1,482,400	4,311,300
Industrial Securities Co. Ltd. (A Shares)		491,400	700,384
Ingenic Semiconductor Co. Ltd. (A Shares)		32,500	697,108
Inner Mongoli Yili Industries Co. Ltd. (A Shares)		388,200	2,605,878
Inner Mongolia Baotou Steel Union Co. Ltd. (A Shares) (a)		2,285,300	1,002,489
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. (A Shares)		454,000	363,583
Inspur Electronic Information Industry Co. Ltd. (A Shares)		70,834	343,679
Intco Medical Technology Co. Ltd. (A Shares)		26,400	211,546
JA Solar Technology Co. Ltd. (A Shares)		112,600	1,603,989
Jafron Biomedical Co. Ltd. (A Shares)		41,600	335,618
Jason Furniture Hangzhou Co. Ltd. (A Shares)		33,100	321,609
JCET Group Co. Ltd. (A Shares)		110,300	532,236
Jiangsu Changshu Rural Commercial Bank Co. Ltd.		165,700	187,797
Jiangsu Eastern Shenghong Co. Ltd.		200,200	851,649
Jiangsu Expressway Co. Ltd. (H Shares)		1,058,000	1,000,820
Jiangsu Hengli Hydraulic Co. Ltd.		95,832	1,228,241
Jiangsu Hengrui Medicine Co. Ltd. (A Shares)		462,366	3,554,135
Jiangsu King's Luck Brewery JSC Ltd. (A Shares)		64,600	497,377
Jiangsu Shagang Co. Ltd. (A Shares)		117,500	113,909
Jiangsu Yanghe Brewery JSC Ltd. (A Shares)		88,000	2,557,677
Jiangsu Yangnong Chemical Co. Ltd. (A Shares)		17,600	323,577
Jiangsu Yoke Technology Co. Ltd. (A Shares)		36,600	433,949
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (A Shares)		56,900	312,936
Jiangsu Zhongnan Construction Group Co. Ltd. (A Shares)		216,000	129,146
Jiangsu Zhongtian Technology Co. Ltd. (A Shares)		167,400	264,202
Jiangxi Copper Co. Ltd. (H Shares)		1,502,000	2,629,296
Jiangxi Zhengbang Technology Co. Ltd. (A Shares)		130,400	203,974
Jilin Aodong Pharmaceutical Group Co. Ltd. (A Shares)		93,304	230,574
Jinke Properties Group Co. Ltd. (A Shares)		268,300	185,966
JiuGui Liquor Co. Ltd. (A Shares)		17,400	583,762
Joincare Pharmaceutical Group Industry Co. Ltd. (A Shares)		132,100	237,773
Joinn Laboratories China Co. Ltd. (A Shares)		23,800	594,466
Jointown Pharmaceutical Group (A Shares)		111,500	236,551
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. (A Shares)		41,000	232,658
Joyoung Co. Ltd. (A Shares)		40,000	145,807
Juewei Food Co. Ltd.		31,000	318,675
Kingfa Sci & Tech Co. Ltd. (A Shares)		145,100	265,702
Kuang-Chi Technologies Co. Ltd. (A Shares) (a)		110,100	352,348
Kunlun Tech Co. Ltd. (A Shares)		67,500	196,944
Kweichow Moutai Co. Ltd. (A Shares)		82,800	23,603,704
Lakala Payment Co. Ltd. (A Shares)		42,500	159,829
Laobaixing Pharmacy Chain JSC (A Shares)		21,800	148,890
Lb Group Co. Ltd. (A Shares)		141,300	626,235
Lens Technology Co. Ltd. (A Shares)		293,800	975,549
Leo Group Co. Ltd. (A Shares)		389,100	138,492
Lepu Medical Technology Beijing Co. Ltd. (A Shares)		85,600	284,899
Leyard Optoelectronic Co. Ltd. (A Shares)		166,100	244,000
Liaoning Chengda Co. Ltd. (A Shares)		81,100	257,641
Lingyi iTech Guangdong Co. (A Shares) (a)		498,800	518,598
Livzon Pharmaceutical Group, Inc. (A Shares)		44,700	245,211
LONGi Green Energy Technology Co. Ltd.		358,162	5,462,100
Luxi Chemical Group Co. Ltd.		137,600	352,284
Luxshare Precision Industry Co. Ltd. (A Shares)		417,882	2,520,698
Luzhou Laojiao Co. Ltd. (A Shares)		86,000	3,073,754
Maccura Biotechnology Co. Ltd. (A Shares)		29,100	126,426
Mango Excellent Media Co. Ltd. (A Shares)		108,994	668,520
Maxscend Microelectronics Co. Ltd. (A Shares)		20,260	977,901
Meinian Onehealth Healthcare Holdings Co. Ltd. (A Shares) (a)		207,764	234,173
Metallurgical Corp. China Ltd. (A Shares)		904,300	573,150
Mingyang Smart Energy Group Ltd.		151,200	731,482
Montage Technology Co. Ltd. (A Shares)		52,006	528,524
Muyuan Foodstuff Co. Ltd. (A Shares)		379,970	3,387,595
Nanji E-Commerce Co. Ltd. (A Shares)		130,100	145,622
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd.		54,899	317,957
Nanjing Securities Co. Ltd. (A Shares)		200,400	303,771
NARI Technology Co. Ltd. (A Shares)		354,720	2,155,758
National Silicon Industry Group Co. Ltd. (A Shares) (a)		164,661	725,143
NAURA Technology Group Co. Ltd.		33,700	1,953,109
NavInfo Co. Ltd. (A Shares) (a)		97,500	178,082
New China Life Insurance Co. Ltd.		69,700	426,203
New China Life Insurance Co. Ltd. (H Shares)		1,066,600	3,091,296
New Hope Liuhe Co. Ltd. (A Shares) (a)		216,300	485,900
Ninestar Corp. (A Shares)		53,500	306,764
Ningbo Joyson Electronic Corp. (A shares)		75,500	208,971
Ningbo Tuopu Group Co. Ltd. (A Shares)		56,700	459,389
Ningxia Baofeng Energy Group Co. Ltd.		385,100	877,721
Nongfu Spring Co. Ltd. (H Shares) (c)		443,000	2,246,173
Northeast Securities Co. Ltd. (A Shares)		122,300	164,575
Offcn Education Technology Co. A Shares (a)		160,600	261,744
Offshore Oil Enginering Co. Ltd. (A Shares)		155,000	112,516
OFILM Group Co. Ltd. (A Shares)		140,800	164,412
Oppein Home Group, Inc. (A Shares)		35,100	697,479
Orient Securities Co. Ltd. (A Shares)		349,900	751,610
Ovctek China, Inc. (A Shares)		44,729	477,542
Pangang Group Vanadium Titanium & Resources Co. Ltd. (A Shares) (a)		432,800	270,257
People's Insurance Co. of China Group Ltd.:
(A Shares)		3,070,700	2,406,418
(H Shares)		6,281,000	1,961,677
Perfect World Co. Ltd. (A Shares)		100,450	272,540
PetroChina Co. Ltd. (H Shares)		25,488,000	12,288,982
Pharmaron Beijing Co. Ltd.:
(A Shares)		40,100	1,197,851
(H Shares) (c)		159,100	3,466,030
PICC Property & Casualty Co. Ltd. (H Shares)		7,636,001	7,144,796
Ping An Bank Co. Ltd. (A Shares)		1,374,900	4,185,388
Ping An Insurance Group Co. of China Ltd.:
(A Shares)		985,677	7,627,524
(H Shares)		6,672,500	47,793,336
Poly Developments & Holdings (A Shares)		834,100	1,635,452
Poly Property Development Co. Ltd. (H Shares)		115,800	650,403
Postal Savings Bank of China Co. Ltd.		1,355,100	1,144,455
Postal Savings Bank of China Co. Ltd. (H Shares) (c)		9,207,000	6,697,721
Power Construction Corp. of China Ltd. (A Shares)		798,039	1,022,815
Proya Cosmetics Co. Ltd. (A Shares)		11,000	345,159
Qianhe Condiment and Food Co. Ltd. (A Shares)		46,800	179,361
Qingdao Rural Commercial Bank Corp. (A Shares)		280,900	167,512
Raytron Technology Co. Ltd. (A Shares)		29,574	334,117
Risesun Real Estate Development Co. Ltd. (A Shares)		1,429,000	957,017
Riyue Heavy Industry Co. Ltd. (A Shares)		72,200	438,559
Rongsheng Petrochemical Co. Ltd. (A Shares)		614,850	1,654,765
SAIC Motor Corp. Ltd. (A Shares)		478,000	1,513,303
Sailun Group Co. Ltd. A Shares		217,800	455,609
Sanan Optoelectronics Co. Ltd. (A Shares)		310,100	1,626,564
Sangfor Technologies, Inc.		26,600	842,172
Sany Heavy Industry Co. Ltd. (A Shares)		511,500	1,833,359
Satellite Chemical Co. Ltd. (A Shares)		119,140	724,428
SDIC Capital Co. Ltd.		628,824	804,958
SDIC Power Holdings Co. Ltd. (A Shares)		386,200	636,055
Sealand Securities Co. Ltd. (A Shares)		393,590	237,171
Seazen Holdings Co. Ltd. (A Shares)		154,900	827,971
SF Holding Co. Ltd. (A Shares)		328,400	3,313,350
SG Micro Corp. (A Shares)		11,850	599,368
Shaanxi Coal Industry Co. Ltd. (A Shares)		620,000	1,210,818
Shandong Buchang Pharmaceuticals Co. Ltd. (A Shares)		100,770	275,138
Shandong Gold Mining Co. Ltd.:
(A Shares)		544,923	1,694,550
(H Shares) (c)		134,500	244,435
Shandong Hualu Hengsheng Chemical Co. Ltd. (A Shares)		114,400	555,056
Shandong Linglong Tyre Co. Ltd. (A Shares)		67,900	373,963
Shandong Nanshan Aluminum Co. Ltd. (A Shares)		751,200	506,605
Shandong Pharmaceutical Glass Co. Ltd. (A Shares)		32,400	172,021
Shandong Sun Paper Industry JSC Ltd. (A Shares)		141,300	253,229
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)		2,680,000	4,567,419
Shanghai Bailian Group Co. Ltd. (A Shares)		115,300	247,852
Shanghai Bairun Investment Holding Group Co. Ltd. (A Shares)		40,460	401,710
Shanghai Baosight Software Co. Ltd. (A Shares)		59,540	650,634
Shanghai Construction Group Co. Ltd. (A Shares)		2,475,633	1,263,758
Shanghai Electric Group Co. Ltd. (A Shares)		779,100	577,719
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.:
(A Shares)		58,600	457,402
(H Shares)		708,500	3,341,938
Shanghai International Airport Co. Ltd. (A Shares) (a)		53,472	440,748
Shanghai International Port Group Co. Ltd. (A Shares)		568,400	502,228
Shanghai Jahwa United Co. Ltd. (A Shares)		38,300	286,574
Shanghai Jinjiang International Hotels Co. Ltd. (A Shares)		69,900	589,252
Shanghai Lingang Holdings Corp. Ltd. (A Shares)		91,560	210,256
Shanghai Lujiazui Finance Trust Ltd. (B Shares)		1,397,643	1,242,505
Shanghai M&G Stationery, Inc. (A Shares)		49,400	489,701
Shanghai Pharmaceuticals Holding Co. Ltd.:
(A Shares)		800,800	2,331,487
(H Shares)		253,300	464,245
Shanghai Pudong Development Bank Co. Ltd. (A Shares)		1,846,800	2,577,433
Shanghai Putailai New Energy Technology Co. Ltd.		50,140	1,391,623
Shanghai RAAS Blood Products Co. Ltd. (A Shares)		658,400	678,366
Shanghai Yuyuan Tourist Mart Group Co. Ltd.		160,700	246,604
Shanghai Zhangjiang High Ltd. (A Shares)		93,000	242,309
Shanxi Lu'an Environmental Energy Development Co. Ltd. (A Shares)		187,000	377,751
Shanxi Meijin Energy Co. Ltd. (A Shares) (a)		224,900	394,626
Shanxi Securities Co. Ltd. (A Shares)		332,800	325,228
Shanxi Taigang Stainless Steel Co. Ltd. (A Shares)		381,000	457,979
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. (A Shares)		81,560	3,838,792
Shanxi Xishan Coal & Electricity Power Co. Ltd. (A Shares)		306,280	441,795
Shenergy Co. Ltd. (A Shares)		316,871	306,199
Shenghe Resources Holding Co. Ltd. (A Shares)		116,700	368,368
Shengyi Technology Co. Ltd.		117,200	407,087
Shennan Circuits Co. Ltd. (A Shares)		24,640	341,689
Shenwan Hongyuan Group Co. Ltd. (A Shares)		3,104,215	2,485,989
Shenzhen Capchem Technology Co. Ltd. (A Shares)		22,900	512,500
Shenzhen Energy Group Co. Ltd. (A Shares)		269,798	341,999
Shenzhen Goodix Technology Co. Ltd. (A Shares)		21,500	343,658
Shenzhen Hepalink Pharmaceutical Group Co. Ltd. (A Shares)		63,700	152,743
Shenzhen Inovance Technology Co. Ltd. (A Shares)		154,800	1,576,334
Shenzhen Kaifa Technology Co. Ltd. (A Shares)		82,500	190,610
Shenzhen Kangtai Biological Products Co. Ltd.		40,800	727,690
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)		82,600	4,849,555
Shenzhen MTC Co. Ltd. (A Shares) (a)		244,600	187,104
Shenzhen Overseas Chinese Town Co. Ltd. (A Shares)		466,400	455,788
Shenzhen Salubris Pharmaceuticals Co. Ltd. (A Shares) (a)		66,500	300,020
Shenzhen SC New Energy Technology Corp. (A Shares)		17,000	304,080
Shenzhen Sunlord Electronics Co. Ltd. (A Shares)		74,700	385,409
Shenzhen Sunway Communication Co. Ltd. (A Shares)		51,700	192,006
Shijiazhuang Yiling Pharmaceutical Co. Ltd. (A Shares)		102,060	255,718
Sichuan Chuantou Energy Co. Ltd. (A Shares)		269,300	550,308
Sichuan Kelun Pharmaceutical Co. Ltd. (A Shares)		89,500	246,882
Sichuan Road & Bridge (Group) Co. Ltd. (A Shares)		350,400	657,504
Sichuan Swellfun Co. Ltd. (A Shares)		25,200	498,276
Sinolink Securities Co. Ltd. (A Shares)		163,400	273,449
Sinoma Science & Technology Co. Ltd. (A Shares)		94,800	557,634
Sinopec Shanghai Petrochemical Co. Ltd. (A Shares)		366,600	222,624
Sinopharm Group Co. Ltd. (H Shares)		1,455,600	3,472,262
Sinotrans Ltd.		364,805	257,412
SKSHU Paint Co. Ltd. (A Shares)		19,880	345,912
Songcheng Performance Development Co. Ltd. (A Shares)		144,152	315,049
Soochow Securities Co. Ltd. (A Shares)		223,250	295,192
Southwest Securities Co. Ltd. (A Shares)		376,000	282,334
Spring Airlines Co. Ltd. (A Shares) (a)		63,300	578,082
StarPower Semiconductor Ltd. (A Shares)		11,900	743,082
Sungrow Power Supply Co. Ltd. (A Shares)		86,100	2,205,676
Suning.com Co. Ltd. (A Shares) (a)		466,600	325,598
Sunwoda Electronic Co. Ltd. (A Shares)		81,900	630,192
Suofeiya Home Collection Co. Ltd. (A Shares)		25,900	68,412
Suzhou Dongshan Precision Manufacturing Co. Ltd. (A Shares)		89,400	283,590
Suzhou Gold Mantis Consolidated Co. Ltd.		162,600	151,539
Suzhou Maxwell Technologies Co. Ltd. (A Shares)		6,800	812,083
Tangshan Jidong Cement Co. Ltd. A Shares		83,300	151,366
TBEA Co. Ltd. (A Shares)		214,500	904,444
TCL Technology Group Corp. (A Shares)		893,800	845,557
The Pacific Securities Co. Ltd. (A Shares) (a)		498,700	242,898
Thunder Software Technology Co. Ltd. (A Shares)		22,800	484,065
Tianfeng Securities Co. Ltd. (A Shares)		368,800	226,839
Tianjin 712 Communication & Broadcasting Co. Ltd.		42,400	249,406
Tianjin Zhonghuan Semiconductor Co. Ltd. (A Shares)		217,300	1,776,190
Tianma Microelectronics Co. Ltd. (A Shares)		100,300	192,748
Tianshui Huatian Technology Co. Ltd. (A Shares)		145,200	291,273
Toly Bread Co. Ltd.		37,660	185,191
TongFu Microelectronics Co. Ltd. (A Shares)		71,400	223,148
Tonghua Dongbao Pharmaceutical Co. Ltd. (A Shares)		126,700	241,107
Tongkun Group Co. Ltd. (A Shares)		104,500	325,291
Tongling Nonferrous Metals Group Co. Ltd. (A Shares)		843,700	486,009
Tongwei Co. Ltd. (A Shares)		267,800	2,392,568
Topchoice Medical Corp. (a)		16,900	629,118
Topsec Technologies Group, Inc.		61,400	176,942
Transfar Zhilian Co. Ltd.		197,838	252,944
TravelSky Technology Ltd. (H Shares)		1,008,000	1,886,316
Tsingtao Brewery Co. Ltd.:
(A Shares)		52,600	856,282
(H Shares)		600,000	5,216,888
Unigroup Guoxin Microelectronics Co. Ltd.		43,900	1,388,805
Unisplendour Corp. Ltd. (A Shares)		142,680	617,428
Universal Scientific Industrial Shanghai Co. Ltd. (A Shares)		76,000	164,677
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b)(c)		227,000	1,051,777
Walvax Biotechnology Co. Ltd. (A Shares)		110,900	952,191
Wangfujing Group Co. Ltd.		40,700	195,693
Wanhua Chemical Group Co. Ltd. (A Shares)		219,800	3,618,984
Weichai Power Co. Ltd.:
(A Shares)		182,100	429,257
(H Shares)		2,592,800	4,658,742
Weifu High-Technology Group Co. Ltd. (A Shares)		63,800	193,519
Weihai Guangwei Composites Co. Ltd. (A Shares)		28,500	302,051
Wens Foodstuffs Group Co. Ltd. (A Shares)		478,920	1,232,112
Western Securities Co. Ltd. (A Shares)		245,300	293,330
Will Semiconductor Ltd.		52,500	2,180,073
Wingtech Technology Co. Ltd. (A Shares)		93,600	1,603,799
Winning Health Technology Group Co. Ltd. (A Shares)		117,490	232,018
Wuchan Zhongda Group Co. Ltd.		226,000	221,211
Wuhan Guide Infrared Co. Ltd. (A Shares)		118,552	401,605
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. (A Shares)		108,600	403,494
Wuhu Token Science Co. Ltd. (A Shares)		130,800	209,501
Wuliangye Yibin Co. Ltd. (A Shares)		259,100	8,757,404
WUS Printed Circuit Kunshan Co. Ltd. (A Shares)		95,040	151,928
WuXi AppTec Co. Ltd.		117,096	2,522,799
WuXi AppTec Co. Ltd. (H Shares) (c)		431,974	9,232,990
Wuxi Lead Intelligent Equipment Co. Ltd. (A Shares)		72,480	919,217
Wuxi Shangji Automation Co. Ltd. (A Shares)		17,800	830,986
XCMG Construction Machinery Co. Ltd. (A Shares)		402,100	383,535
Xiamen C&D, Inc. (A Shares)		136,200	170,310
Xiamen Intretech, Inc.		40,630	195,483
Xiamen Tungsten Co. Ltd. (A Shares)		77,800	275,699
Xinjiang Goldwind Science & Technology Co. Ltd.:
(A Shares)		98,100	283,775
(H Shares) (b)		977,564	2,191,211
Yango Group Co. Ltd. (A Shares)		683,200	343,426
Yantai Eddie Precision Machinery Co. Ltd. (A Shares)		45,640	254,500
Yantai Jereh Oilfield Services (A Shares)		42,300	279,260
Yanzhou Coal Mining Co. Ltd.:
(A Shares)		52,600	185,413
(H Shares) (b)		1,996,000	2,960,458
Yealink Network Technology Corp. Ltd.		64,550	763,122
Yifan Pharmaceutical Co. Ltd. (A Shares)		83,400	213,390
Yifeng Pharmacy Chain Co. Ltd.		36,400	271,334
Yihai Kerry Arawana Holdings Co. Ltd. (A Shares)		70,200	667,178
Yintai Gold Co. Ltd. (A Shares)		118,580	163,271
Yixintang Pharmaceutical Group Co. Ltd. (A Shares)		51,900	256,836
Yonghui Superstores Co. Ltd. (A Shares)		430,500	264,117
Yonyou Network Technology Co. Ltd. (A Shares)		212,620	1,055,507
Youngor Group Co. Ltd. (A Shares)		1,429,177	1,434,587
YTO Express Group Co. Ltd. (A Shares)		159,500	363,533
Yuan Longping High-tech Agriculture Co. Ltd. (A Shares) (a)		73,700	241,496
Yunda Holding Co. Ltd. (A Shares)		140,850	410,517
Yunnan Aluminium Co. Ltd. (A Shares) (a)		205,500	381,438
Yunnan Baiyao Group Co. Ltd. (A Shares)		79,800	1,116,197
Yunnan Energy New Material Co. Ltd.		59,700	2,718,944
Yutong Bus Co. Ltd.		112,300	198,803
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. (A Shares)		36,400	2,346,374
Zhaojin Mining Industry Co. Ltd. (H Shares)		1,085,000	776,743
Zhejiang Century Huatong Group Co. Ltd. (A Shares) (a)		380,200	440,992
Zhejiang China Commodities City Group Co. Ltd. (A Shares)		487,200	371,157
Zhejiang Chint Electric Co. Ltd. (A Shares)		161,900	1,522,516
Zhejiang Dahua Technology Co. Ltd. (A Shares)		166,000	564,412
Zhejiang Dingli Machinery Co. Ltd. (A Shares)		25,440	271,289
Zhejiang Expressway Co. Ltd. (H Shares)		1,250,000	1,110,147
Zhejiang Fuchunjiang Hp Co. Ltd. (A Shares)		445,200	497,620
Zhejiang HangKe Technology, Inc. Co. (A Shares)		27,520	444,006
Zhejiang Huahai Pharmaceutical Co. Ltd. (A Shares)		81,180	233,563
Zhejiang Huayou Cobalt Co. Ltd. (A Shares)		71,500	1,239,523
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. (A Shares)		67,100	800,392
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. (A Shares)		63,700	520,479
Zhejiang Juhua Co. Ltd. (A Shares)		160,500	389,364
Zhejiang Longsheng Group Co. Ltd. (A Shares)		200,700	390,074
Zhejiang NHU Co. Ltd. (A Shares)		147,840	626,371
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares)		186,080	689,040
Zhejiang Semir Garment Co. Ltd. (A Shares)		115,500	135,230
Zhejiang Supor Cookware Co. Ltd.		24,800	205,191
Zhejiang Weixing New Building Materials Co. Ltd. (A Shares)		88,500	248,683
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd.		34,200	286,435
Zheshang Securities Co. Ltd. (a)		187,400	361,006
ZhongAn Online P & C Insurance Co. Ltd. (H Shares) (a)(b)(c)		526,400	1,931,588
Zhongji Innolight Co. Ltd. (A Shares)		36,700	189,466
Zhongjin Gold Co. Ltd. (A Shares)		238,900	310,291
Zhongtai Securities Co. Ltd. (A Shares)		523,200	755,509
Zhongtian Financial Group Co. Ltd. (A Shares) (a)		394,400	154,540
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares)		585,600	2,807,388
Zhuzhou Kibing Group Co. Ltd. (A Shares)		183,000	454,233
Zijin Mining Group Co. Ltd.:
(A Shares)		568,800	928,798
(H Shares)		7,309,000	10,183,094
Zoomlion Heavy Industry Science and Technology Co. Ltd.:
(A Shares)		1,010,300	1,149,762
(H Shares)		647,400	467,629
ZTE Corp.:
(A Shares)		32,800	167,027
(H Shares)		1,229,536	3,697,853
TOTAL CHINA			998,362,986
Colombia - 0.0%
Bancolombia SA		276,393	2,472,005
Ecopetrol SA		5,512,056	4,167,267
Grupo de Inversiones Suramerica SA		275,899	1,608,181
Interconexion Electrica SA ESP		479,906	2,881,423
TOTAL COLOMBIA			11,128,876
Cyprus - 0.1%
Ozon Holdings PLC ADR (a)		53,776	2,453,000
TCS Group Holding PLC unit		132,134	13,608,232
TOTAL CYPRUS			16,061,232
Czech Republic - 0.0%
CEZ A/S		183,853	6,069,450
Komercni Banka A/S		88,830	3,446,590
MONETA Money Bank A/S (a)(c)		436,915	1,708,014
TOTAL CZECH REPUBLIC			11,224,054
Denmark - 1.7%
A.P. Moller - Maersk A/S:
Series A		2,804	7,677,775
Series B		6,909	20,021,924
Ambu A/S Series B		185,054	5,271,235
Carlsberg A/S Series B		110,546	18,235,366
Chr. Hansen Holding A/S		112,448	8,946,912
Coloplast A/S Series B		129,516	21,113,020
Danske Bank A/S		752,244	12,730,283
Demant A/S (a)		118,948	5,761,630
DSV A/S		221,790	51,544,203
Genmab A/S (a)		71,922	32,233,574
GN Store Nord A/S		133,879	8,124,281
Novo Nordisk A/S Series B		1,854,555	203,361,067
Novozymes A/S Series B		222,814	16,384,706
ORSTED A/S (c)		207,355	29,258,483
Pandora A/S		109,325	15,266,425
Rockwool International A/S Series B		9,326	4,260,830
Tryg A/S		382,656	9,071,356
Vestas Wind Systems A/S		1,115,658	48,249,825
TOTAL DENMARK			517,512,895
Egypt - 0.0%
Commercial International Bank SAE (a)		1,858,752	6,035,324
Commercial International Bank SAE sponsored GDR		140,484	435,500
Eastern Co. SAE		971,292	717,186
Fawry for Banking & Payment Technology Services SAE		487,873	467,066
TOTAL EGYPT			7,655,076
Finland - 0.8%
Elisa Corp. (A Shares)		157,334	9,490,400
Fortum Corp.		490,587	14,574,947
Kesko Oyj		305,199	9,910,434
Kone OYJ (B Shares)		371,679	25,332,808
Neste Oyj		465,739	25,945,221
Nokia Corp. (a)		5,957,520	34,193,248
Nordea Bank ABP		3,558,238	43,529,167
Orion Oyj (B Shares)		115,663	5,004,632
Sampo Oyj (A Shares)		541,498	28,794,698
Stora Enso Oyj (R Shares)		646,984	10,754,996
UPM-Kymmene Corp.		581,193	20,505,140
Wartsila Corp.		525,940	7,292,800
TOTAL FINLAND			235,328,491
France - 6.5%
Accor SA (a)		193,304	6,907,131
Aeroports de Paris SA (a)		31,704	4,211,065
Air Liquide SA		479,503	80,056,792
Alstom SA		348,632	12,424,476
Amundi SA (c)		68,097	6,065,386
Arkema SA		69,158	9,449,694
Atos Origin SA		111,647	5,805,296
AXA SA		2,122,879	61,760,905
bioMerieux SA		46,036	5,856,599
BNP Paribas SA		1,241,589	83,108,532
Bollore SA		893,484	5,174,666
Bouygues SA		242,680	9,818,833
Bureau Veritas SA		330,826	10,501,661
Capgemini SA		175,991	40,953,599
Carrefour SA		708,937	12,829,761
CNP Assurances (b)		175,605	4,396,967
Compagnie de St. Gobain		553,871	38,224,057
Compagnie Generale des Etablissements Michelin SCA Series B		187,157	29,424,358
Covivio		55,023	4,757,773
Credit Agricole SA		1,287,552	19,425,263
Danone SA		720,336	46,955,679
Dassault Aviation SA		26,020	2,714,641
Dassault Systemes SA		728,694	42,553,848
Edenred SA		266,670	14,417,812
EDF SA (a)		23,260	342,291
EDF SA		517,705	7,618,485
Eiffage SA		90,837	9,341,474
ENGIE		1,993,814	28,340,423
EssilorLuxottica SA		313,946	64,926,670
Eurazeo SA		41,663	3,903,565
Faurecia SA		122,699	6,389,894
Gecina SA		52,749	7,381,368
Getlink SE		465,563	7,149,865
Hermes International SCA		34,902	55,295,169
Ipsen SA		43,553	4,501,046
Kering SA		82,885	62,208,091
Klepierre SA		230,058	5,467,871
L'Oreal SA		255,348	116,810,163
L'Oreal SA (a)		23,733	10,856,774
La Francaise des Jeux SAEM (c)		109,643	5,690,954
Legrand SA		299,842	32,709,804
LVMH Moet Hennessy Louis Vuitton SE		305,837	239,813,417
Orange SA		2,191,600	23,899,299
Orpea		56,688	5,910,926
Pernod Ricard SA		230,978	53,055,000
Publicis Groupe SA		244,800	16,396,371
Remy Cointreau SA		26,706	5,390,275
Renault SA (a)		202,962	7,287,424
Safran SA		375,199	50,497,956
Sanofi SA		1,252,536	125,809,949
Sartorius Stedim Biotech		30,523	16,802,521
Schneider Electric SA		597,183	102,965,205
SCOR SE		183,905	6,186,491
SEB SA		29,968	4,687,199
Societe Generale Series A		888,745	29,687,596
Sodexo SA		90,941	8,830,735
Sodexo SA (a)		8,142	790,621
Suez Environnement SA		362,179	8,241,695
Teleperformance		65,200	27,216,540
Thales SA		115,130	10,601,972
Total SA		2,754,024	137,907,657
Ubisoft Entertainment SA (a)		97,523	5,106,675
Valeo SA		259,235	7,590,785
Veolia Environnement SA		715,813	23,359,756
VINCI SA		583,702	62,327,536
Vivendi SA		771,702	9,933,394
Wendel SA		27,148	3,612,193
Worldline SA (a)(c)		261,349	15,220,778
TOTAL FRANCE			1,995,858,667
Germany - 5.1%
adidas AG		210,132	68,817,138
Allianz SE		454,369	105,654,151
BASF AG		1,012,144	72,847,712
Bayer AG		1,084,599	61,125,492
Bayerische Motoren Werke AG (BMW)		331,755	33,457,306
Bechtle AG		91,242	6,834,829
Beiersdorf AG		115,105	12,228,341
Brenntag SE		171,827	16,335,497
Carl Zeiss Meditec AG		44,919	9,032,591
Commerzbank AG (a)		1,119,201	8,171,618
Continental AG (a)		121,042	14,231,085
Covestro AG (c)		214,445	13,733,573
Daimler AG (Germany)		941,373	93,304,599
Delivery Hero AG (a)(c)		176,828	21,984,636
Deutsche Bank AG (a)		2,265,369	29,188,772
Deutsche Borse AG		210,710	34,978,197
Deutsche Lufthansa AG (a)		625,618	4,131,001
Deutsche Post AG		1,098,503	67,963,414
Deutsche Telekom AG		3,685,185	68,533,961
E.ON AG		2,458,556	31,166,367
Evonik Industries AG		234,913	7,609,095
Fresenius Medical Care AG & Co. KGaA		167,418	11,121,428
Fresenius Medical Care AG & Co. KGaA sponsored ADR (a)(b)		112,708	3,745,287
Fresenius SE & Co. KGaA		455,196	20,661,501
GEA Group AG		169,094	8,325,181
Hannover Reuck SE		66,690	12,180,795
HeidelbergCement AG		171,098	12,884,526
HelloFresh AG (a)		180,508	14,606,707
Henkel AG & Co. KGaA		117,369	9,782,425
Infineon Technologies AG		1,442,730	67,565,006
KION Group AG		79,788	8,706,977
Knorr-Bremse AG		79,848	8,412,613
Lanxess AG		93,166	6,274,596
LEG Immobilien AG		78,450	11,667,037
Merck KGaA		142,955	33,745,271
MTU Aero Engines AG		59,733	13,282,027
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		155,102	45,936,125
Nemetschek Se		61,555	7,058,832
Puma AG		119,100	14,773,021
Rational AG		5,596	5,560,732
RWE AG		708,334	27,242,611
SAP SE		1,150,257	166,570,069
Scout24 AG (c)		100,497	6,993,707
Siemens AG		843,673	137,166,028
Siemens Healthineers AG (c)		313,199	20,803,855
Symrise AG		141,175	19,510,357
TeamViewer AG (a)(c)		179,250	2,675,356
Telefonica Deutschland Holding AG		1,120,039	2,917,106
Uniper SE		111,031	4,904,324
United Internet AG		117,208	4,319,499
Vitesco Technologies Group AG (a)		1,210	69,379
Volkswagen AG		38,915	12,631,996
Vonovia SE		601,887	36,500,691
Zalando SE (a)(c)		242,006	22,822,734
TOTAL GERMANY			1,562,747,174
Greece - 0.1%
Alpha Bank SA (a)		2,310,817	2,934,428
EFG Eurobank Ergasias SA (a)		2,723,782	2,844,528
Ff Group (a)(d)		7,962	11,045
Hellenic Telecommunications Organization SA		245,452	4,341,260
Jumbo SA		120,155	1,783,465
OPAP SA		200,537	3,117,989
TOTAL GREECE			15,032,715
Hong Kong - 1.7%
AIA Group Ltd.		13,351,209	149,627,148
Beijing Enterprises Holdings Ltd.		483,000	1,856,140
BOC Hong Kong (Holdings) Ltd.		4,117,451	13,071,273
BYD Electronic International Co. Ltd. (b)		784,000	2,332,704
China Everbright International Ltd.		3,873,629	2,663,571
China Everbright Ltd.		984,000	1,107,877
China Jinmao Holdings Group Ltd.		5,310,000	1,556,044
China Merchants Holdings International Co. Ltd.		1,711,250	2,859,231
China Overseas Land and Investment Ltd.		4,056,000	8,945,564
China Power International Development Ltd.		4,258,000	2,139,809
China Resources Beer Holdings Co. Ltd.		1,632,989	13,537,406
China Resources Pharmaceutical Group Ltd. (c)		1,691,500	815,259
China Resources Power Holdings Co. Ltd.		2,149,780	5,553,702
China Taiping Insurance Group Ltd.		1,940,665	2,968,179
China Traditional Chinese Medicine Holdings Co. Ltd.		2,784,000	1,323,925
CITIC Pacific Ltd.		6,364,000	6,379,950
CLP Holdings Ltd.		1,812,976	17,750,703
CSPC Pharmaceutical Group Ltd.		10,040,800	10,504,738
Far East Horizon Ltd.		1,647,000	1,572,805
Fosun International Ltd.		2,592,500	3,048,824
Galaxy Entertainment Group Ltd. (a)		2,441,239	13,209,455
Ganfeng Lithium Co. Ltd. (H Shares) (c)		110,400	2,070,222
Guangdong Investment Ltd.		3,260,000	4,106,163
Hang Lung Properties Ltd.		2,192,125	5,088,333
Hang Seng Bank Ltd.		850,153	16,171,537
Henderson Land Development Co. Ltd.		1,544,869	6,468,649
Hong Kong & China Gas Co. Ltd.		12,414,350	19,286,091
Hong Kong Exchanges and Clearing Ltd.		1,331,184	80,550,277
Hua Hong Semiconductor Ltd. (a)(c)		570,000	2,871,795
Lenovo Group Ltd.		8,116,000	8,813,718
Link (REIT)		2,320,913	20,582,610
MMG Ltd. (a)		3,504,000	1,621,284
MTR Corp. Ltd.		1,686,825	9,192,389
New World Development Co. Ltd.		1,662,491	7,211,499
Power Assets Holdings Ltd.		1,553,426	9,473,692
Shenzhen Investment Ltd.		2,583,641	634,246
Sino Land Ltd.		3,515,723	4,618,044
Sinotruk Hong Kong Ltd.		664,500	917,259
SJM Holdings Ltd. (a)		2,378,581	1,776,178
Sun Art Retail Group Ltd.		1,923,500	1,132,270
Sun Hung Kai Properties Ltd.		1,451,422	19,243,439
Swire Pacific Ltd. (A Shares)		505,060	3,177,519
Swire Properties Ltd.		1,213,120	3,250,890
Techtronic Industries Co. Ltd.		1,507,870	31,027,567
Wharf Holdings Ltd.		1,456,000	5,052,632
Yuexiu Property Co. Ltd.		1,190,400	1,049,565
TOTAL HONG KONG			528,212,175
Hungary - 0.1%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.)		440,486	3,764,160
OTP Bank PLC (a)		247,816	14,883,641
Richter Gedeon PLC		151,475	4,243,379
TOTAL HUNGARY			22,891,180
India - 3.4%
ACC Ltd.		83,591	2,602,245
Adani Enterprises Ltd.		303,424	5,762,850
Adani Green Energy Ltd. (a)		436,251	6,709,785
Adani Ports & Special Economic Zone Ltd.		545,293	5,041,532
Adani Total Gas Ltd. (a)		295,943	5,683,345
Adani Transmissions Ltd. (a)		303,890	7,165,568
Ambuja Cements Ltd.		835,929	4,514,496
Apollo Hospitals Enterprise Ltd.		110,899	6,305,878
Asian Paints Ltd.		419,679	17,357,706
Aurobindo Pharma Ltd.		315,431	2,900,972
Avenue Supermarts Ltd. (a)(c)		178,650	11,048,271
Axis Bank Ltd.(a)		2,489,821	24,647,418
Bajaj Auto Ltd.		73,646	3,642,507
Bajaj Finance Ltd.		298,530	29,473,440
Bajaj Finserv Ltd.		41,863	9,953,263
Balkrishna Industries Ltd.		98,039	3,217,741
Bandhan Bank Ltd. (c)		756,285	2,940,688
Berger Paints India Ltd.		259,910	2,571,186
Bharat Electronics Ltd.		1,307,092	3,607,124
Bharat Forge Ltd.		269,997	2,763,367
Bharat Petroleum Corp. Ltd.		972,123	5,417,327
Bharti Airtel Ltd. (a)		2,713,654	24,812,258
Biocon Ltd. (a)		499,702	2,340,676
Britannia Industries Ltd.		120,631	5,915,675
Cholamandalam Investment and Finance Co. Ltd.		441,977	3,624,913
Cipla Ltd. (a)		549,530	6,635,343
Coal India Ltd.		1,642,126	3,602,797
Colgate-Palmolive Ltd.		136,262	2,804,319
Container Corp. of India Ltd.		269,371	2,354,278
Dabur India Ltd.		688,941	5,384,779
Divi's Laboratories Ltd.		148,654	10,214,000
DLF Ltd.		659,059	3,504,782
Dr. Reddy's Laboratories Ltd.		130,279	8,095,797
Eicher Motors Ltd.		152,304	5,048,962
GAIL India Ltd.		1,685,496	3,347,156
Godrej Consumer Products Ltd. (a)		397,896	5,078,343
Grasim Industries Ltd.		295,914	6,794,711
Havells India Ltd.		287,071	4,836,986
HCL Technologies Ltd.		1,189,473	18,150,353
HDFC Asset Management Co. Ltd. (c)		63,263	2,234,271
HDFC Standard Life Insurance Co. Ltd. (c)		899,623	8,166,880
Hero Motocorp Ltd.		129,746	4,599,401
Hindalco Industries Ltd.		1,744,313	10,700,222
Hindustan Petroleum Corp. Ltd.		738,604	3,058,671
Hindustan Unilever Ltd.		907,187	28,964,506
Housing Development Finance Corp. Ltd.		1,891,852	71,799,765
ICICI Bank Ltd.		5,650,653	60,464,362
ICICI Lombard General Insurance Co. Ltd. (c)		249,991	4,941,287
ICICI Prudential Life Insurance Co. Ltd. (c)		392,483	3,238,096
Indian Oil Corp. Ltd.		1,995,878	3,407,012
Indraprastha Gas Ltd.		296,518	1,874,723
Indus Towers Ltd.		813,511	2,946,678
Info Edge India Ltd.		83,849	6,796,238
Infosys Ltd.		3,169,156	70,852,169
Infosys Ltd. sponsored ADR		589,636	13,137,090
InterGlobe Aviation Ltd. (a)(c)		99,999	2,901,979
Ipca Laboratories Ltd.		78,290	2,237,723
ITC Ltd.		3,226,085	9,606,593
JSW Steel Ltd.		931,990	8,320,207
Jubilant Foodworks Ltd.		89,924	4,426,077
Kotak Mahindra Bank Ltd. (a)		608,111	16,478,749
Larsen & Toubro Infotech Ltd. (c)		56,399	5,028,017
Larsen & Toubro Ltd.		743,687	17,528,312
Lupin Ltd.		260,535	3,207,895
Mahindra & Mahindra Ltd.		961,585	11,343,893
Marico Ltd.		570,739	4,328,418
Maruti Suzuki India Ltd.		150,444	15,018,107
Motherson Sumi Systems Ltd.		1,420,154	4,233,652
MRF Ltd.		1,846	1,903,954
Muthoot Finance Ltd.		137,858	2,699,501
Nestle India Ltd.		37,252	9,442,914
NTPC Ltd.		5,422,793	9,596,871
Oil & Natural Gas Corp. Ltd.		2,649,907	5,269,410
Page Industries Ltd.		6,483	3,255,213
Petronet LNG Ltd.		878,211	2,689,525
PI Industries Ltd.		95,064	3,804,779
Pidilite Industries Ltd.		167,271	5,163,185
Piramal Enterprises Ltd.		109,945	3,816,282
Power Grid Corp. of India Ltd.		3,440,932	8,495,023
Rec Ltd.		1,002,639	1,988,424
Reliance Industries Ltd.		3,144,996	106,417,132
SBI Cards & Payment Services Ltd. (a)		264,215	3,719,208
SBI Life Insurance Co. Ltd. (c)		495,156	7,567,553
Shree Cement Ltd.		12,358	4,721,158
Shriram Transport Finance Co. Ltd.		225,074	4,312,605
Siemens India Ltd.		86,621	2,526,980
State Bank of India		1,967,921	13,183,797
Sun Pharmaceutical Industries Ltd.		911,319	9,665,781
Tata Consultancy Services Ltd.		1,017,802	46,137,506
Tata Consumer Products Ltd.		656,306	7,087,982
Tata Motors Ltd. (a)		1,816,427	11,673,606
Tata Steel Ltd.		794,517	13,948,965
Tech Mahindra Ltd.		693,621	13,675,776
Titan Co. Ltd.		381,079	12,118,216
Torrent Pharmaceuticals Ltd.		56,295	2,148,305
Trent Ltd.		195,690	2,618,990
Ultratech Cement Ltd.		112,017	11,411,746
United Spirits Ltd. (a)		345,069	4,361,298
UPL Ltd. (a)		553,685	5,467,783
Vedanta Ltd.		1,247,321	5,058,843
Wipro Ltd.		1,496,926	12,949,950
Yes Bank Ltd. (a)		12,748,373	2,177,029
TOTAL INDIA			1,048,789,120
Indonesia - 0.4%
PT Adaro Energy Tbk		15,676,200	1,858,904
PT Aneka Tambang Tbk		8,870,900	1,465,178
PT Astra International Tbk		22,765,800	9,681,591
PT Bank Central Asia Tbk		62,115,000	32,772,869
PT Bank Mandiri (Persero) Tbk		21,762,500	11,002,515
PT Bank Negara Indonesia (Persero) Tbk		8,803,689	4,349,802
PT Bank Rakyat Indonesia Tbk		76,211,700	22,877,519
PT Barito Pacific Tbk		29,710,300	1,960,764
PT Charoen Pokphand Indonesia Tbk		7,920,000	3,465,961
PT Gudang Garam Tbk		442,700	1,046,794
PT Indah Kiat Pulp & Paper Tbk		3,189,100	1,907,720
PT Indocement Tunggal Prakarsa Tbk		1,412,300	1,178,786
PT Indofood CBP Sukses Makmur Tbk		2,352,000	1,460,921
PT Indofood Sukses Makmur Tbk		4,600,200	2,061,851
PT Kalbe Farma Tbk		20,560,900	2,322,036
PT Merdeka Copper Gold Tbk (a)		12,532,200	2,795,253
PT Sarana Menara Nusantara Tbk		25,681,600	2,102,746
PT Semen Gresik (Persero) Tbk		2,806,600	1,802,722
PT Surya Citra Media Tbk (a)		35	1
PT Telkom Indonesia Persero Tbk		54,885,100	14,670,003
PT Tower Bersama Infrastructure Tbk		9,451,200	1,961,287
PT Unilever Indonesia Tbk		9,124,800	2,846,770
PT United Tractors Tbk		1,965,912	3,267,847
TOTAL INDONESIA			128,859,840
Ireland - 0.5%
CRH PLC		600,884	28,754,599
CRH PLC sponsored ADR		265,561	12,730,994
DCC PLC (United Kingdom)		108,378	9,056,463
Flutter Entertainment PLC (a)		81,876	15,457,491
Flutter Entertainment PLC (Ireland) (a)		102,799	19,441,511
James Hardie Industries PLC CDI		491,014	19,077,717
Kerry Group PLC Class A		172,362	23,132,980
Kingspan Group PLC (Ireland)		168,532	19,412,163
Smurfit Kappa Group PLC		264,295	13,837,228
TOTAL IRELAND			160,901,146
Isle of Man - 0.1%
Entain PLC (a)		641,703	17,985,590
NEPI Rockcastle PLC		441,192	2,957,647
TOTAL ISLE OF MAN			20,943,237
Israel - 0.4%
Azrieli Group		46,872	4,375,619
Bank Hapoalim BM (Reg.)		1,257,658	12,360,568
Bank Leumi le-Israel BM		1,605,754	15,309,810
Check Point Software Technologies Ltd. (a)		122,395	14,638,442
CyberArk Software Ltd. (a)		44,570	8,027,503
Elbit Systems Ltd. (Israel)		29,433	4,632,115
Icl Group Ltd.		768,914	6,572,953
Israel Discount Bank Ltd. (Class A) (a)		1,301,838	7,849,659
Mizrahi Tefahot Bank Ltd.		150,954	5,481,257
NICE Systems Ltd. (a)		47,759	13,435,638
Teva Pharmaceutical Industries Ltd. sponsored ADR (a)		1,212,165	10,594,322
Wix.com Ltd. (a)		61,840	11,499,766
TOTAL ISRAEL			114,777,652
Italy - 1.1%
Amplifon SpA		134,218	6,819,107
Assicurazioni Generali SpA (b)		1,171,110	25,519,190
Atlantia SpA (a)		538,229	10,393,730
DiaSorin SpA		28,677	6,475,972
Enel SpA		8,966,456	75,065,277
Eni SpA		2,748,247	39,389,100
Faurecia SA		2,894	149,275
FinecoBank SpA		680,866	12,998,644
Infrastrutture Wireless Italiane SpA (c)		354,169	3,912,411
Intesa Sanpaolo SpA		18,096,317	51,432,969
Mediobanca SpA		673,658	8,032,792
Moncler SpA		224,570	16,126,533
Nexi SpA (a)(c)		473,502	8,224,209
Poste Italiane SpA (c)		531,310	7,579,158
Prysmian SpA		285,850	10,805,473
Recordati SpA		116,984	7,318,837
Snam Rete Gas SpA		2,157,805	12,215,187
Telecom Italia SpA		10,030,058	3,578,227
Telecom Italia SpA (Risparmio Shares)		7,564,311	2,872,517
Terna - Rete Elettrica Naziona		1,558,587	11,606,723
UniCredit SpA		2,335,711	30,845,736
TOTAL ITALY			351,361,067
Japan - 14.1%
ABC-MART, Inc.		39,082	1,878,436
ACOM Co. Ltd.		470,068	1,567,737
Advantest Corp.		219,582	18,003,074
AEON Co. Ltd.		737,278	16,960,824
AGC, Inc.		211,196	10,516,632
Aisin Seiki Co. Ltd.		162,801	5,957,340
Ajinomoto Co., Inc.		511,915	15,327,085
Ana Holdings, Inc. (a)		167,151	3,894,791
Asahi Group Holdings		504,617	22,899,662
ASAHI INTECC Co. Ltd.		239,149	6,303,816
Asahi Kasei Corp.		1,386,625	14,566,979
Astellas Pharma, Inc.		2,044,065	34,460,442
Azbil Corp.		133,382	5,686,451
Bandai Namco Holdings, Inc.		220,698	16,865,431
Bridgestone Corp.		628,695	27,813,018
Brother Industries Ltd.		259,375	5,014,741
Canon, Inc.		1,067,728	24,279,466
Canon, Inc. sponsored ADR (b)		48,312	1,080,739
Capcom Co. Ltd.		199,000	5,356,171
Casio Computer Co. Ltd.		220,547	3,120,985
Central Japan Railway Co.		157,938	23,428,625
Chiba Bank Ltd.		624,294	3,869,509
Chubu Electric Power Co., Inc.		701,595	7,262,307
Chugai Pharmaceutical Co. Ltd.		738,524	27,612,958
Concordia Financial Group Ltd.		1,268,888	5,043,413
Cosmos Pharmaceutical Corp.		23,561	3,600,525
CyberAgent, Inc.		443,996	7,439,395
Dai Nippon Printing Co. Ltd.		241,421	5,981,222
Dai-ichi Mutual Life Insurance Co.		1,113,791	23,432,561
Daifuku Co. Ltd.		110,209	10,145,782
Daiichi Sankyo Kabushiki Kaisha		1,933,296	48,781,663
Daikin Industries Ltd.		274,782	60,181,334
Daito Trust Construction Co. Ltd.		72,521	8,991,451
Daiwa House Industry Co. Ltd.		614,208	20,262,844
Daiwa House REIT Investment Corp.		2,339	6,712,075
Daiwa Securities Group, Inc.		1,617,851	9,089,330
DENSO Corp.		479,525	34,763,248
Dentsu Group, Inc.		238,522	8,716,481
Disco Corp.		31,829	8,581,022
East Japan Railway Co.		331,381	20,640,563
Eisai Co. Ltd.		259,997	18,422,400
ENEOS Holdings, Inc.		3,419,164	13,786,927
FANUC Corp.		212,225	41,940,156
Fast Retailing Co. Ltd.		64,563	42,858,064
Fuji Electric Co. Ltd.		144,904	7,085,464
FUJIFILM Holdings Corp.		398,648	30,806,489
Fujitsu Ltd.		217,058	37,514,082
GLP J-REIT		4,549	7,420,066
GMO Payment Gateway, Inc.		46,728	5,920,265
Hakuhodo DY Holdings, Inc.		257,907	4,204,812
Hamamatsu Photonics K.K.		155,346	9,220,159
Hankyu Hanshin Holdings, Inc.		254,080	7,877,899
Harmonic Drive Systems, Inc.		46,206	2,094,598
Hikari Tsushin, Inc.		23,870	3,679,659
Hino Motors Ltd.		324,271	3,067,500
Hirose Electric Co. Ltd.		36,368	6,081,853
Hisamitsu Pharmaceutical Co., Inc.		56,503	1,927,689
Hitachi Construction Machinery Co. Ltd.		111,471	3,556,588
Hitachi Ltd.		1,067,809	61,532,026
Hitachi Metals Ltd. (a)		229,046	4,335,993
Honda Motor Co. Ltd.		1,792,886	53,029,736
Hoshizaki Corp.		58,703	4,936,390
Hoya Corp.		408,082	60,073,162
Hulic Co. Ltd.		417,272	4,012,279
Ibiden Co. Ltd.		117,740	7,074,516
Idemitsu Kosan Co. Ltd.		239,927	6,552,960
Iida Group Holdings Co. Ltd.		155,378	3,830,769
INPEX Corp.		1,149,412	9,585,317
Isuzu Motors Ltd.		638,692	8,592,200
ITO EN Ltd.		58,425	3,891,442
Itochu Corp.		1,304,571	37,207,497
ITOCHU Techno-Solutions Corp.		104,185	3,291,129
Japan Airlines Co. Ltd. (a)		151,426	3,258,901
Japan Exchange Group, Inc.		561,894	13,304,566
Japan Post Bank Co. Ltd.		447,040	3,487,815
Japan Post Holdings Co. Ltd.		2,718,846	20,891,356
Japan Post Insurance Co. Ltd.		244,242	3,962,752
Japan Real Estate Investment Corp.		1,389	8,513,509
Japan Retail Fund Investment Corp.		7,500	6,888,893
Japan Tobacco, Inc.		1,302,126	25,562,261
JFE Holdings, Inc.		547,790	8,370,478
JSR Corp.		226,821	8,226,701
Kajima Corp.		490,278	6,036,677
Kakaku.com, Inc.		145,665	4,833,886
Kansai Electric Power Co., Inc.		774,099	7,127,217
Kansai Paint Co. Ltd.		190,584	4,413,163
Kao Corp.		532,526	30,123,968
KDDI Corp.		1,775,707	54,301,133
Keio Corp.		117,120	5,911,952
Keisei Electric Railway Co.		147,042	4,731,934
Keyence Corp.		214,529	129,492,876
Kikkoman Corp.		160,348	13,114,876
Kintetsu Group Holdings Co. Ltd. (a)		187,764	5,910,440
Kirin Holdings Co. Ltd.		927,020	16,135,567
Kobayashi Pharmaceutical Co. Ltd.		59,687	4,778,901
Kobe Bussan Co. Ltd.		156,372	5,386,496
Koei Tecmo Holdings Co. Ltd.		64,659	3,009,762
Koito Manufacturing Co. Ltd.		117,615	6,673,263
Komatsu Ltd.		960,164	25,147,963
Konami Holdings Corp.		103,536	5,697,646
Kose Corp.		38,968	4,525,195
Kubota Corp.		1,122,067	23,903,408
Kurita Water Industries Ltd.		111,184	5,491,553
Kyocera Corp.		351,156	20,559,115
Kyowa Hakko Kirin Co., Ltd.		296,321	9,745,427
Lasertec Corp.		82,695	17,937,849
Lawson, Inc.		58,607	2,834,214
Lion Corp.		245,990	4,096,813
LIXIL Group Corp.		295,303	7,586,302
M3, Inc.		481,802	28,392,756
Makita Corp.		248,568	11,536,521
Marubeni Corp.		1,713,245	14,537,435
Mazda Motor Corp. (a)		628,909	5,656,579
McDonald's Holdings Co. (Japan) Ltd.		94,745	4,234,302
Medipal Holdings Corp.		182,207	3,296,531
Meiji Holdings Co. Ltd.		139,306	8,791,432
Mercari, Inc. (a)		114,080	6,172,803
Minebea Mitsumi, Inc.		398,700	10,093,904
Misumi Group, Inc.		312,214	13,057,964
Mitsubishi Chemical Holdings Corp.		1,400,784	11,594,892
Mitsubishi Corp.		1,387,101	44,107,003
Mitsubishi Electric Corp.		2,021,597	27,148,918
Mitsubishi Estate Co. Ltd.		1,269,612	19,294,282
Mitsubishi Gas Chemical Co., Inc.		164,883	3,318,475
Mitsubishi Heavy Industries Ltd.		347,228	8,879,618
Mitsubishi UFJ Financial Group, Inc.		13,456,918	73,790,987
Mitsubishi UFJ Lease & Finance Co. Ltd.		685,416	3,436,813
Mitsui & Co. Ltd.		1,675,046	38,332,613
Mitsui Chemicals, Inc.		198,271	5,895,359
Mitsui Fudosan Co. Ltd.		996,510	22,784,044
Miura Co. Ltd.		97,814	3,762,461
Mizuho Financial Group, Inc.		2,654,032	35,027,856
MonotaRO Co. Ltd.		283,308	6,457,091
MS&AD Insurance Group Holdings, Inc.		485,715	15,692,168
Murata Manufacturing Co. Ltd.		633,661	47,004,078
Nabtesco Corp.		121,891	3,955,800
NEC Corp.		268,063	13,725,372
Nexon Co. Ltd.		545,559	9,286,042
NGK Insulators Ltd.		267,895	4,460,762
NH Foods Ltd.		92,563	3,255,226
Nidec Corp.		495,656	54,897,783
Nihon M&A Center Holdings, Inc.		338,060	10,379,929
Nintendo Co. Ltd.		123,589	54,583,950
Nippon Building Fund, Inc.		1,662	10,797,923
Nippon Express Co. Ltd.		85,785	5,369,670
Nippon Paint Holdings Co. Ltd.		793,330	8,488,503
Nippon Prologis REIT, Inc.		2,287	7,638,658
Nippon Sanso Holdings Corp.		161,286	3,807,733
Nippon Shinyaku Co. Ltd.		56,555	4,530,984
Nippon Steel & Sumitomo Metal Corp.		939,599	16,473,767
Nippon Telegraph & Telephone Corp.		1,413,471	39,603,965
Nippon Yusen KK		176,811	12,740,519
Nissan Chemical Corp.		135,784	7,557,556
Nissan Motor Co. Ltd. (a)		2,532,525	12,890,200
Nisshin Seifun Group, Inc.		212,962	3,362,800
Nissin Food Holdings Co. Ltd.		70,305	5,374,104
Nitori Holdings Co. Ltd.		88,342	16,229,354
Nitto Denko Corp.		160,950	12,576,660
Nomura Holdings, Inc.		3,380,965	16,101,905
Nomura Real Estate Holdings, Inc.		130,418	3,179,511
Nomura Real Estate Master Fund, Inc.		4,577	6,853,904
Nomura Research Institute Ltd.		365,180	14,619,640
NSK Ltd.		414,586	2,785,792
NTT Data Corp.		688,056	13,802,972
Obayashi Corp.		710,385	5,997,242
OBIC Co. Ltd.		76,252	14,100,797
Odakyu Electric Railway Co. Ltd.		332,939	7,217,922
Oji Holdings Corp.		859,902	4,262,309
Olympus Corp.		1,288,263	27,907,699
OMRON Corp.		203,277	19,440,322
Ono Pharmaceutical Co. Ltd.		411,045	8,624,440
Oracle Corp. Japan		42,703	4,040,751
Oriental Land Co. Ltd.		221,488	34,981,762
ORIX Corp.		1,328,054	26,396,809
ORIX JREIT, Inc.		2,929	4,859,520
Osaka Gas Co. Ltd.		410,518	6,616,723
Otsuka Corp.		126,932	6,252,232
Otsuka Holdings Co. Ltd.		432,703	17,113,093
Pan Pacific International Holdings Ltd.		452,891	9,509,305
Panasonic Corp.		2,410,693	29,810,712
PeptiDream, Inc. (a)		114,154	2,759,353
Persol Holdings Co. Ltd.		197,026	5,295,794
Pigeon Corp.		123,807	2,866,898
Pola Orbis Holdings, Inc.		102,602	2,190,733
Rakuten Group, Inc.		951,060	10,412,237
Recruit Holdings Co. Ltd.		1,496,983	99,577,840
Renesas Electronics Corp. (a)		1,371,883	16,876,121
Resona Holdings, Inc.		2,407,289	9,043,221
Ricoh Co. Ltd.		763,338	7,433,263
Rinnai Corp.		36,896	3,788,205
ROHM Co. Ltd.		96,195	8,795,837
Ryohin Keikaku Co. Ltd.		276,619	5,451,122
Santen Pharmaceutical Co. Ltd.		402,889	5,678,701
SBI Holdings, Inc. Japan		277,765	7,199,520
SCSK Corp.		162,333	3,285,148
Secom Co. Ltd.		231,659	15,792,765
Seiko Epson Corp.		307,509	5,475,527
Sekisui Chemical Co. Ltd.		413,239	6,788,991
Sekisui House Ltd.		666,103	13,848,803
Seven & i Holdings Co. Ltd.		832,372	34,946,953
SG Holdings Co. Ltd.		358,849	9,011,089
Sharp Corp.		238,111	2,808,565
Shimadzu Corp.		260,677	10,590,585
SHIMANO, Inc.		81,490	22,736,820
SHIMIZU Corp.		570,881	4,182,756
Shin-Etsu Chemical Co. Ltd.		389,917	69,535,096
Shionogi & Co. Ltd.		293,594	19,142,420
Shiseido Co. Ltd.		441,775	29,478,312
Shizuoka Bank Ltd.		516,418	4,158,396
SMC Corp.		63,255	37,748,385
SoftBank Corp.		3,151,227	43,013,232
SoftBank Group Corp.		1,331,544	72,086,336
Sohgo Security Services Co., Ltd.		77,877	3,331,867
Sompo Holdings, Inc.		347,654	15,076,655
Sony Group Corp.		1,388,720	160,808,746
Square Enix Holdings Co. Ltd.		94,338	5,167,844
Stanley Electric Co. Ltd.		146,801	3,700,150
Subaru Corp.		668,378	13,110,097
Sumco Corp.		367,229	7,017,236
Sumitomo Chemical Co. Ltd.		1,670,381	8,228,823
Sumitomo Corp.		1,232,769	17,566,545
Sumitomo Dainippon Pharma Co., Ltd.		201,701	2,852,368
Sumitomo Electric Industries Ltd.		830,003	11,016,518
Sumitomo Metal Mining Co. Ltd.		269,532	10,455,765
Sumitomo Mitsui Financial Group, Inc.		1,439,672	46,716,862
Sumitomo Mitsui Trust Holdings, Inc.		370,557	12,189,049
Sumitomo Realty & Development Co. Ltd.		336,779	12,171,167
Suntory Beverage & Food Ltd.		156,603	6,076,577
Suzuki Motor Corp.		403,132	17,978,438
Sysmex Corp.		183,629	22,768,327
T&D Holdings, Inc.		597,653	7,665,292
Taisei Corp.		204,402	6,413,960
Taisho Pharmaceutical Holdings Co. Ltd.		42,059	2,256,932
Takeda Pharmaceutical Co. Ltd.		1,738,220	48,784,589
TDK Corp.		427,887	15,554,972
Terumo Corp.		712,224	31,420,337
THK Co. Ltd.		130,476	2,805,708
TIS, Inc.		248,667	6,774,403
Tobu Railway Co. Ltd.		213,693	5,320,452
Toho Co. Ltd.		125,405	5,892,049
Toho Gas Co. Ltd.		79,594	2,357,769
Tohoku Electric Power Co., Inc.		446,408	2,896,356
Tokio Marine Holdings, Inc.		688,808	36,279,544
Tokyo Century Corp.		39,247	2,247,121
Tokyo Electric Power Co., Inc. (a)		1,726,326	4,781,927
Tokyo Electron Ltd.		164,686	76,749,125
Tokyo Gas Co. Ltd.		415,239	7,205,617
Tokyu Corp.		536,475	7,563,336
Toppan, Inc.		297,577	4,803,529
Toray Industries, Inc.		1,528,019	9,521,874
Toshiba Corp.		448,715	19,354,046
Tosoh Corp.		285,825	4,813,586
Toto Ltd.		160,217	7,740,772
Toyo Suisan Kaisha Ltd.		101,398	4,369,149
Toyota Industries Corp.		159,843	13,588,671
Toyota Motor Corp.		11,574,630	204,224,687
Toyota Tsusho Corp.		230,395	9,993,662
Trend Micro, Inc.		145,145	8,203,652
Tsuruha Holdings, Inc.		46,188	5,697,068
Unicharm Corp.		444,397	17,972,666
United Urban Investment Corp.		3,113	3,880,540
USS Co. Ltd.		244,046	3,933,608
Welcia Holdings Co. Ltd.		103,537	3,865,183
West Japan Railway Co.		243,080	11,474,748
Yakult Honsha Co. Ltd.		142,018	7,175,915
Yamada Holdings Co. Ltd.		792,163	3,027,093
Yamaha Corp.		149,961	9,474,249
Yamaha Motor Co. Ltd.		327,839	9,138,125
Yamato Holdings Co. Ltd.		327,629	8,054,169
Yaskawa Electric Corp.		265,089	11,481,561
Yokogawa Electric Corp.		262,100	5,237,348
Z Holdings Corp.		2,946,849	18,294,101
ZOZO, Inc.		136,163	4,370,636
TOTAL JAPAN			4,363,126,734
Korea (South) - 3.3%
Alteogen, Inc.		31,949	1,903,764
AMOREPACIFIC Corp.		35,025	5,422,360
AMOREPACIFIC Group, Inc.		30,006	1,270,587
BGF Retail Co. Ltd.		8,146	1,125,841
Celltrion Healthcare Co. Ltd.		94,510	6,537,932
Celltrion Pharm, Inc.		18,564	1,798,939
Celltrion, Inc. (a)		106,174	18,185,217
Cheil Worldwide, Inc.		74,396	1,512,400
CJ CheilJedang Corp.		9,703	3,137,348
CJ Corp.		14,318	1,171,128
CJ ENM Co. Ltd.		9,316	1,401,839
CJ Logistics Corp. (a)		9,015	1,090,525
Coway Co. Ltd.		56,974	3,843,322
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (a)		37,482	828,245
Db Insurance Co. Ltd.		46,305	2,341,148
Doosan Bobcat, Inc. (a)		59,317	1,928,703
Doosan Heavy Industries & Construction Co. Ltd. (a)		289,202	6,018,785
Douzone Bizon Co. Ltd.		23,604	1,639,254
E-Mart, Inc.		22,144	3,171,338
Ecopro BM Co. Ltd.		11,800	4,127,502
EUSU Holdings Co. Ltd.		6	30
Fila Holdings Corp.		49,048	1,554,704
Green Cross Corp.		6,930	1,622,059
GS Engineering & Construction Corp.		73,308	2,587,923
GS Holdings Corp.		45,464	1,638,018
Hana Financial Group, Inc.		334,043	12,814,628
Hanjin Shipping Co. Ltd. (a)(d)		12	0
Hankook Tire Co. Ltd.		79,489	2,801,970
Hanmi Pharm Co. Ltd.		8,159	1,834,853
Hanon Systems		204,566	2,521,194
Hanwha Solutions Corp. (a)		142,388	4,969,768
HLB, Inc.		99,057	3,549,147
HMM Co. Ltd. (a)		286,080	6,512,038
Hotel Shilla Co.		40,608	3,026,236
HYBE Co. Ltd. (a)		14,582	4,167,629
Hyundai Engineering & Construction Co. Ltd.		87,950	3,782,607
Hyundai Glovis Co. Ltd.		21,365	3,061,010
Hyundai Heavy Industries Holdi		51,574	2,781,735
Hyundai Mobis		72,836	15,664,195
Hyundai Motor Co.		144,976	25,796,854
Hyundai Steel Co.		99,160	3,770,743
Industrial Bank of Korea		289,305	2,724,131
Kakao Corp.		345,762	37,007,960
KakaoBank Corp. (a)		55,626	3,000,281
Kangwon Land, Inc. (a)		99,493	2,355,257
KB Financial Group, Inc.		436,097	21,000,601
Kia Corp.		294,094	21,350,732
Korea Aerospace Industries Ltd.		76,472	1,998,966
Korea Electric Power Corp.		284,711	5,488,029
Korea Investment Holdings Co. Ltd.		45,661	3,397,546
Korea Shipbuilding & Offshore Engineering Co. Ltd. (a)		41,806	3,677,324
Korea Zinc Co. Ltd.		9,182	4,205,910
Korean Air Lines Co. Ltd. (a)		182,668	4,738,193
KT&G Corp.		124,079	8,574,203
Kumho Petro Chemical Co. Ltd.		19,355	2,833,248
LG Chemical Ltd.		51,062	36,452,004
LG Corp.		95,750	7,447,133
LG Display Co. Ltd. (a)		263,195	4,425,301
LG Electronics, Inc.		117,128	12,055,244
LG Household & Health Care Ltd.		11,136	11,088,742
LG Innotek Co. Ltd.		16,034	2,867,446
LG Uplus Corp.		217,417	2,662,073
Lotte Chemical Corp.		20,198	3,865,002
Lotte Shopping Co. Ltd.		10,261	918,794
Meritz Securities Co. Ltd.		333,524	1,325,892
Mirae Asset Securities Co. Ltd.		278,215	2,064,998
NAVER Corp.		135,545	46,885,114
NCSOFT Corp.		17,983	9,612,883
Netmarble Corp. (c)		24,201	2,549,596
NH Investment & Securities Co. Ltd.		145,890	1,639,346
Orion Corp./Republic of Korea		28,308	2,848,226
Pan Ocean Co., Ltd. (Korea)		312,289	1,607,625
Pearl Abyss Corp. (a)		32,418	2,871,692
POSCO		81,433	20,548,138
POSCO Chemtech Co. Ltd.		35,649	4,424,949
S-Oil Corp.		49,223	4,284,825
S1 Corp.		17,862	1,266,965
Samsung Biologics Co. Ltd. (a)(c)		18,494	13,707,195
Samsung C&T Corp.		90,519	8,817,599
Samsung Electro-Mechanics Co. Ltd.		61,141	8,283,920
Samsung Electronics Co. Ltd.		5,316,687	316,695,192
Samsung Engineering Co. Ltd. (a)		179,615	3,800,655
Samsung Fire & Marine Insurance Co. Ltd.		32,831	6,474,490
Samsung Heavy Industries Co. Ltd. (a)		692,203	3,763,371
Samsung Heavy Industries Co. Ltd. rights 10/29/21 (a)		168,790	179,630
Samsung Life Insurance Co. Ltd.		72,050	4,146,461
Samsung SDI Co. Ltd.		60,293	37,845,585
Samsung SDS Co. Ltd.		36,904	4,825,919
Samsung Securities Co. Ltd.		61,685	2,494,860
Seegene, Inc.		39,107	1,780,064
Shin Poong Pharmaceutical Co.		36,441	1,614,471
Shinhan Financial Group Co. Ltd.		486,423	15,798,829
Shinsegae Co. Ltd.		7,500	1,587,165
SK Biopharmaceuticals Co. Ltd. (a)		30,760	2,477,794
SK Bioscience Co. Ltd. (a)		20,496	4,003,883
SK Chemicals Co. Ltd.		12,895	1,982,155
SK Hynix, Inc.		604,455	53,010,007
SK IE Technology Co. Ltd. (a)(c)		15,159	2,146,202
SK Innovation Co., Ltd. (a)		55,488	11,512,717
SK Telecom Co. Ltd. (d)		10,198	2,687,180
SK, Inc.		33,980	7,054,853
SKC Co. Ltd.		22,568	3,451,868
Woori Financial Group, Inc.		549,696	6,217,000
Yuhan Corp.		54,535	2,783,423
TOTAL KOREA (SOUTH)			1,008,120,375
Kuwait - 0.2%
Agility Public Warehousing Co. KSC		1,411,950	4,683,861
Boubyan Bank KSC		1,150,953	2,985,720
Kuwait Finance House KSCP		5,257,275	14,510,044
Mabanee Co. SAKC		644,829	1,683,465
Mobile Telecommunication Co.		2,235,686	4,420,199
National Bank of Kuwait		7,587,930	24,919,724
TOTAL KUWAIT			53,203,013
Luxembourg - 0.3%
Adecoagro SA (a)		136,028	1,191,605
ArcelorMittal SA (Netherlands)		787,122	26,683,200
Aroundtown SA		1,096,180	7,615,776
Eurofins Scientific SA		147,003	17,323,222
Globant SA (a)		44,082	14,070,534
InPost SA		228,735	3,261,856
Reinet Investments SCA		161,385	2,912,854
Tenaris SA		581,011	6,470,308
TOTAL LUXEMBOURG			79,529,355
Malaysia - 0.4%
AMMB Holdings Bhd (a)		1,916,000	1,554,639
Axiata Group Bhd		2,836,615	2,705,779
CIMB Group Holdings Bhd		7,634,766	9,624,119
Dialog Group Bhd		4,413,322	3,016,108
DiGi.com Bhd		3,519,600	3,595,245
Fraser & Neave Holdings Bhd		99,900	652,812
Genting Bhd		2,482,500	3,105,373
Genting Malaysia Bhd		3,279,500	2,510,508
Hap Seng Consolidated Bhd		569,400	1,078,024
Hartalega Holdings Bhd		1,980,300	2,802,356
Hong Leong Bank Bhd		736,000	3,344,970
Hong Leong Credit Bhd		159,300	705,521
IHH Healthcare Bhd		1,832,900	2,894,752
IOI Corp. Bhd		2,159,900	2,049,845
IOI Properties Group Bhd		11	3
Kossan Rubber Industries Bhd		1,266,800	721,963
Kuala Lumpur Kepong Bhd		394,613	2,060,259
Malayan Banking Bhd		4,851,545	9,431,282
Malaysia Airports Holdings Bhd (a)		1,287,298	2,014,415
Maxis Bhd		2,253,600	2,541,490
MISC Bhd		1,440,700	2,459,732
Nestle (Malaysia) Bhd		61,200	1,987,781
Petronas Chemicals Group Bhd		2,738,500	5,746,816
Petronas Dagangan Bhd		273,300	1,343,731
Petronas Gas Bhd		782,600	3,163,662
PPB Group Bhd		560,920	2,462,576
Press Metal Bhd		3,618,100	4,857,917
Public Bank Bhd		16,377,700	16,492,395
QL Resources Bhd		864,600	1,054,390
RHB Bank Bhd		2,127,403	2,866,677
Sime Darby Bhd		3,135,107	1,718,593
Sime Darby Plantation Bhd		1,803,724	1,746,663
Sime Darby Property Bhd		15	3
SP Setia Bhd (a)		14	5
Supermax Corp. Bhd		1,721,286	798,085
Telekom Malaysia Bhd		1,285,474	1,797,366
Tenaga Nasional Bhd		2,578,825	6,015,805
Top Glove Corp. Bhd		5,884,700	3,865,343
Westports Holdings Bhd		1,014,400	1,094,993
TOTAL MALAYSIA			115,881,996
Mexico - 0.5%
America Movil S.A.B. de CV Series L		37,953,946	33,828,196
Arca Continental S.A.B. de CV		543,762	3,315,448
Becle S.A.B. de CV		541,500	1,237,759
CEMEX S.A.B. de CV unit (a)		17,049,740	10,964,570
Coca-Cola FEMSA S.A.B. de CV unit		570,325	3,073,517
Fibra Uno Administracion SA de CV		3,944,000	3,919,479
Fomento Economico Mexicano S.A.B. de CV unit		2,211,100	18,178,103
Gruma S.A.B. de CV Series B		244,695	2,873,276
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B		437,800	5,518,857
Grupo Aeroportuario del Sureste S.A.B. de CV Series B		227,485	4,587,599
Grupo Bimbo S.A.B. de CV Series A		1,744,300	5,163,087
Grupo Carso SA de CV Series A1		339,000	1,140,264
Grupo Financiero Banorte S.A.B. de CV Series O		2,900,700	18,365,370
Grupo Financiero Inbursa S.A.B. de CV Series O (a)		2,406,700	2,416,286
Grupo Mexico SA de CV Series B		3,456,823	15,165,157
Grupo Televisa SA de CV		2,692,400	5,466,404
Industrias Penoles SA de CV (a)		154,440	1,980,310
Kimberly-Clark de Mexico SA de CV Series A		1,741,100	2,754,402
Megacable Holdings S.A.B. de CV unit		284,000	836,771
Orbia Advance Corp. S.A.B. de CV		1,228,916	3,194,059
Promotora y Operadora de Infraestructura S.A.B. de CV		236,905	1,742,152
Telesites S.A.B. de C.V.		1,211,500	1,105,108
Wal-Mart de Mexico SA de CV Series V		5,869,100	20,471,152
TOTAL MEXICO			167,297,326
Multi-National - 0.0%
HK Electric Investments & HK Electric Investments Ltd. unit		2,570,676	2,560,599
HKT Trust/HKT Ltd. unit		3,860,479	5,239,594
TOTAL MULTI-NATIONAL			7,800,193
Netherlands - 4.0%
ABN AMRO Group NV GDR (b)(c)		462,593	6,805,324
Adyen BV (a)(c)		21,805	65,792,453
AEGON NV		1,964,799	9,966,036
Airbus Group NV (a)		651,245	83,543,036
Akzo Nobel NV		208,968	24,016,592
Argenx SE (a)		50,588	15,229,974
ASM International NV (Netherlands)		52,534	23,769,450
ASML Holding NV (Netherlands)		462,074	375,620,077
CNH Industrial NV		1,110,845	19,172,163
Davide Campari Milano NV		598,390	8,494,553
EXOR NV		116,484	10,974,424
Ferrari NV		138,125	32,732,863
Heineken Holding NV		126,905	11,765,515
Heineken NV (Bearer)		286,044	31,684,499
ING Groep NV (Certificaten Van Aandelen)		4,296,779	65,177,441
JDE Peet's BV		76,599	2,230,535
Just Eat Takeaway.com NV (a)(c)		196,363	14,100,968
Koninklijke Ahold Delhaize NV		1,159,502	37,705,011
Koninklijke DSM NV		192,398	42,047,005
Koninklijke KPN NV		3,641,290	10,879,944
Koninklijke Philips Electronics NV		1,006,154	47,465,491
Koninklijke Vopak NV		72,625	2,888,035
NN Group NV		291,160	15,590,430
Prosus NV		1,029,483	90,696,176
Prosus NV rights (a)(e)		1,029,483	166,612
QIAGEN NV (Germany) (a)		257,093	14,143,725
Randstad NV		136,402	9,807,740
Stellantis NV (Italy)		2,239,023	44,648,358
STMicroelectronics NV (France)		755,945	35,891,383
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit (a)		139,513	9,968,533
Universal Music Group NV		803,547	23,329,332
Wolters Kluwer NV		296,438	31,060,726
X5 Retail Group NV GDR		139,579	4,753,531
Yandex NV Class A (a)		332,226	27,413,126
TOTAL NETHERLANDS			1,249,531,061
New Zealand - 0.2%
Auckland International Airport Ltd. (a)		1,419,497	8,127,520
Fisher & Paykel Healthcare Corp.		642,789	14,376,031
Mercury Nz Ltd.		718,276	3,157,786
Meridian Energy Ltd.		1,495,021	5,345,947
Ryman Healthcare Group Ltd.		452,367	4,684,201
Spark New Zealand Ltd.		2,081,916	6,810,528
The a2 Milk Co. Ltd. (a)(b)		845,095	3,978,760
Xero Ltd. (a)		145,627	16,378,508
TOTAL NEW ZEALAND			62,859,281
Norway - 0.4%
Adevinta ASA Class B (a)		296,316	4,877,276
DNB Bank ASA		1,003,690	23,856,929
Equinor ASA		951,173	24,066,718
Equinor ASA sponsored ADR		116,214	2,955,322
Gjensidige Forsikring ASA		204,366	5,082,600
Mowi ASA		476,977	13,810,364
Norsk Hydro ASA		1,456,495	10,698,639
Orkla ASA		807,616	7,854,464
Schibsted ASA:
(A Shares)		80,475	4,150,494
(B Shares)		104,633	4,723,899
Telenor ASA		741,116	11,698,507
Yara International ASA		190,565	9,943,424
TOTAL NORWAY			123,718,636
Pakistan - 0.0%
Habib Bank Ltd.		385,416	283,936
Lucky Cement Ltd. (a)		112,527	507,788
MCB Bank Ltd.		266,532	255,186
TOTAL PAKISTAN			1,046,910
Papua New Guinea - 0.0%
Oil Search Ltd. ADR		2,154,546	6,953,049
Peru - 0.0%
Compania de Minas Buenaventura SA sponsored ADR (a)(b)		257,208	2,026,799
Philippines - 0.2%
Aboitiz Equity Ventures, Inc.		2,135,920	2,046,694
Ayala Corp.		313,455	5,355,606
Ayala Land, Inc.		9,283,970	6,451,541
Bank of the Philippine Islands (BPI)		1,759,043	3,028,089
BDO Unibank, Inc.		2,223,028	5,461,845
DMCI Holdings, Inc.		9	1
Globe Telecom, Inc.		33,670	1,997,136
GT Capital Holdings, Inc.		90,479	1,012,089
International Container Terminal Services, Inc.		1,240,370	4,420,246
JG Summit Holdings, Inc.		3,212,635	3,828,957
Jollibee Food Corp.		426,890	1,987,815
Manila Electric Co.		236,280	1,342,553
Metro Pacific Investments Corp.		11,439,700	849,314
Metropolitan Bank & Trust Co.		1,733,141	1,636,722
PLDT, Inc.		86,935	2,826,119
SM Investments Corp.		262,205	5,009,460
SM Prime Holdings, Inc.		10,990,675	7,202,363
Universal Robina Corp.		889,750	2,430,915
TOTAL PHILIPPINES			56,887,465
Poland - 0.2%
Allegro.eu SA (a)(c)		386,655	4,372,783
Bank Polska Kasa Opieki SA		208,025	6,869,599
CD Projekt RED SA		79,258	3,454,283
Cyfrowy Polsat SA		264,464	2,365,139
Dino Polska SA (a)(c)		54,814	4,896,597
KGHM Polska Miedz SA (Bearer)		158,265	6,085,208
LPP SA		1,214	4,360,438
Orange Polska SA (a)		639,263	1,247,393
PGE Polska Grupa Energetyczna SA (a)		875,848	2,153,151
Polish Oil & Gas Co. SA		1,917,874	2,891,965
Polski Koncern Naftowy Orlen SA		338,884	7,310,004
Powszechna Kasa Oszczednosci Bank SA (a)		969,976	11,864,406
Powszechny Zaklad Ubezpieczen SA		665,114	6,651,723
Santander Bank Polska SA		36,297	3,370,731
TOTAL POLAND			67,893,420
Portugal - 0.1%
Banco Espirito Santo SA (Reg.) (a)(d)		319,729	4
Energias de Portugal SA		2,991,275	16,888,452
Galp Energia SGPS SA Class B		574,446	5,967,313
Jeronimo Martins SGPS SA		283,488	6,423,158
TOTAL PORTUGAL			29,278,927
Qatar - 0.2%
Barwa Real Estate Co.		1,725,958	1,493,207
Industries Qatar QSC (a)		1,752,143	7,632,241
Masraf al Rayan		4,334,332	5,684,272
Mesaieed Petrochemical Holding Co.		4,788,408	3,156,325
Ooredoo QSC		746,947	1,419,630
Qatar Electricity & Water Co.		425,428	1,962,975
Qatar Fuel Co.		475,513	2,401,726
Qatar Gas Transport Co. Ltd. (Nakilat)		2,591,860	2,313,525
Qatar International Islamic Bank QSC		798,715	2,147,602
Qatar Islamic Bank (a)		1,318,394	6,669,821
Qatar National Bank SAQ (a)		5,221,688	29,399,781
The Commercial Bank of Qatar (a)		1,901,609	3,191,110
TOTAL QATAR			67,472,215
Russia - 0.9%
Alrosa Co. Ltd.		2,835,390	4,995,901
Gazprom OAO		10,833,844	53,382,004
Gazprom OAO sponsored ADR (Reg. S)		1,078,053	10,571,388
Inter Rao Ues JSC		42,112,900	2,853,858
Lukoil PJSC		403,661	41,218,714
Lukoil PJSC sponsored ADR		52,271	5,331,642
Magnit OJSC GDR (Reg. S)		355,394	6,581,897
MMC Norilsk Nickel PJSC		59,332	18,516,588
MMC Norilsk Nickel PJSC sponsored ADR		94,428	2,954,652
Mobile TeleSystems OJSC sponsored ADR (b)		504,110	4,632,771
Moscow Exchange MICEX-RTS OAO		1,699,470	4,167,324
Novatek PJSC GDR (Reg. S)		99,899	25,324,397
Novolipetsk Steel OJSC		1,651,720	5,210,673
PhosAgro OJSC GDR (Reg. S)		130,627	3,124,598
Polyus PJSC		37,198	7,384,772
Rosneft Oil Co. OJSC		1,067,096	9,581,626
Rosneft Oil Co. OJSC GDR (Reg. S)		214,392	1,910,233
Sberbank of Russia		11,843,453	59,581,969
Severstal PAO		216,259	4,914,041
Severstal PAO GDR (Reg. S)		10,278	234,955
Surgutneftegas OJSC		4,764,500	2,292,282
Surgutneftegas OJSC sponsored ADR		214,357	1,023,769
Tatneft PAO		1,417,745	10,828,434
Tatneft PAO sponsored ADR		24,387	1,115,705
VTB Bank OJSC		3,578,688,000	2,669,977
TOTAL RUSSIA			290,404,170
Saudi Arabia - 1.0%
Abdullah Al Othaim Markets Co.		54,158	1,671,998
Advanced Polypropylene Co.		126,208	2,503,366
Al Rajhi Bank		1,347,486	49,791,133
Alinma Bank		1,135,809	7,615,665
Almarai Co. Ltd.		271,457	3,828,435
Arab National Bank		603,846	3,705,920
Bank Al-Jazira		474,741	2,430,091
Bank Albilad (a)		395,587	4,450,604
Banque Saudi Fransi		615,812	6,936,484
Bupa Arabia for Cooperative Insurance Co. (a)		63,278	2,439,414
Dar Al Arkan Real Estate Development Co. (a)		646,127	1,703,643
Dr Sulaiman Al Habib Medical Services Group Co.		53,443	2,362,326
Emaar The Economic City (a)		474,650	1,607,096
Etihad Etisalat Co.		405,754	3,272,297
Jarir Marketing Co.		66,677	3,605,027
Mobile Telecommunications Co. Saudi Arabia (a)		510,743	1,849,127
Mouwasat Medical Services Co.		50,710	2,430,792
National Industrialization Co. (a)		336,285	2,232,397
National Petrochemical Co.		123,607	1,585,085
Rabigh Refining & Petrochemical Co. (a)		214,766	1,631,830
Riyad Bank		1,481,318	11,669,985
Sabic Agriculture-Nutrients Co.		235,420	10,293,231
Sahara International Petrochemical Co.		405,138	4,741,678
Saudi Arabian Mining Co. (a)		466,688	10,152,694
Saudi Arabian Oil Co.		2,431,061	24,466,809
Saudi Basic Industries Corp.		991,557	34,101,376
Saudi Cement Co.		68,072	1,074,372
Saudi Electricity Co.		962,392	7,312,424
Saudi Industrial Investment Group		269,293	2,717,412
Saudi Kayan Petrochemical Co. (a)		791,244	4,294,897
Saudi Telecom Co.		666,153	20,778,987
The Co. for Cooperative Insurance		63,322	1,451,836
The Saudi British Bank		908,559	8,029,734
The Saudi National Bank		2,420,543	42,526,803
The Savola Group		281,490	2,746,683
Yanbu National Petrochemical Co.		290,949	5,902,908
TOTAL SAUDI ARABIA			299,914,559
Singapore - 0.7%
Ascendas Real Estate Investment Trust		3,597,015	8,242,326
BOC Aviation Ltd. Class A (c)		212,600	1,864,912
CapitaLand Investment Ltd. (a)		2,882,999	7,354,480
CapitaMall Trust		5,505,539	8,777,834
City Developments Ltd.		420,045	2,280,111
DBS Group Holdings Ltd.		1,999,683	46,755,658
Genting Singapore Ltd.		6,743,623	3,900,650
Keppel Corp. Ltd.		1,582,757	6,314,596
Mapletree Commercial Trust		2,602,689	4,207,536
Mapletree Logistics Trust (REIT)		3,323,176	4,977,987
Oversea-Chinese Banking Corp. Ltd.		3,746,991	32,787,908
Singapore Airlines Ltd. (a)		1,370,839	5,286,142
Singapore Exchange Ltd.		926,990	6,654,255
Singapore Technologies Engineering Ltd.		1,765,297	5,013,784
Singapore Telecommunications Ltd.		9,024,418	16,730,475
United Overseas Bank Ltd.		1,287,115	25,532,315
UOL Group Ltd.		467,049	2,504,089
Venture Corp. Ltd.		314,770	4,390,674
Wilmar International Ltd.		2,259,280	7,237,738
TOTAL SINGAPORE			200,813,470
South Africa - 0.9%
Absa Group Ltd.		779,771	7,146,837
African Rainbow Minerals Ltd.		123,657	1,647,654
Anglo American Platinum Ltd.		60,081	6,070,639
AngloGold Ashanti Ltd.		448,319	8,270,923
Aspen Pharmacare Holdings Ltd.		421,984	6,719,974
Bid Corp. Ltd. (b)		362,352	7,776,987
Bidvest Group Ltd./The		343,365	4,302,234
Capitec Bank Holdings Ltd.		88,576	9,897,201
Clicks Group Ltd.		267,306	4,879,581
Discovery Ltd. (a)		475,493	4,355,858
Exxaro Resources Ltd.		254,088	2,782,076
FirstRand Ltd.		5,529,947	21,001,128
Gold Fields Ltd.		989,672	9,196,260
Growthpoint Properties Ltd. (b)		3,454,601	2,931,040
Harmony Gold Mining Co. Ltd. (b)		582,074	2,089,117
Impala Platinum Holdings Ltd.		884,459	11,446,979
Kumba Iron Ore Ltd.		64,832	1,970,214
Mr Price Group Ltd.		285,236	3,733,931
MTN Group Ltd. (a)		1,862,903	16,705,758
MultiChoice Group Ltd.		386,570	3,074,086
Naspers Ltd. Class N		238,435	40,379,869
Nedbank Group Ltd.		395,520	4,503,102
Northam Platinum Holdings Ltd. (a)		403,884	6,048,345
Old Mutual Ltd.		5,213,045	5,320,548
Rand Merchant Insurance Holdings Ltd. (b)		779,533	2,082,667
Remgro Ltd.		553,274	4,876,418
Sanlam Ltd.		2,150,113	8,832,706
Sasol Ltd. (a)		621,956	10,446,358
Shoprite Holdings Ltd.		544,191	6,465,808
Sibanye Stillwater Ltd.		3,117,210	10,909,457
Spar Group Ltd./The		238,083	3,039,046
Standard Bank Group Ltd.		1,396,256	12,379,375
Thungela Resources Ltd. (a)		1	5
Tiger Brands Ltd.		154,723	1,951,586
Vodacom Group Ltd.		662,552	5,880,773
Woolworths Holdings Ltd.		1,095,195	3,865,268
TOTAL SOUTH AFRICA			262,979,808
Spain - 1.5%
ACS Actividades de Construccion y Servicios SA		269,683	7,054,983
Aena SME SA (a)(c)		83,318	13,683,859
Amadeus IT Holding SA Class A (a)		495,164	33,108,170
Banco Bilbao Vizcaya Argentaria SA (b)		7,394,431	51,747,197
Banco Santander SA (Spain) (b)		19,174,392	72,625,579
Banco Santander SA (Spain) sponsored ADR		6,726	25,492
CaixaBank SA		4,988,331	14,339,784
Cellnex Telecom SA (c)		566,691	34,837,941
EDP Renovaveis SA		331,789	9,243,509
Enagas SA		267,960	6,010,927
Endesa SA		354,092	8,164,094
Ferrovial SA		522,051	16,451,164
Grifols SA		340,747	7,797,320
Iberdrola SA		6,563,615	77,576,583
Industria de Diseno Textil SA (b)		1,210,565	43,717,667
Naturgy Energy Group SA (b)		213,833	5,618,650
Red Electrica Corporacion SA		492,932	10,262,627
Repsol SA		1,628,191	20,854,746
Siemens Gamesa Renewable Energy SA (a)		267,512	7,245,584
Telefonica SA		5,745,052	24,954,570
TOTAL SPAIN			465,320,446
Sweden - 2.2%
Alfa Laval AB		347,525	14,879,476
ASSA ABLOY AB (B Shares)		1,100,754	32,299,058
Atlas Copco AB:
(A Shares)		743,121	47,747,341
(B Shares)		424,348	22,951,752
Boliden AB		305,414	10,771,996
Electrolux AB (B Shares)		249,964	5,672,797
Embracer Group AB (a)		509,130	4,733,225
Epiroc AB:
(A Shares)		740,543	18,427,345
(B Shares)		399,755	8,495,026
EQT AB		329,222	17,350,475
Ericsson (B Shares)		3,227,652	35,231,137
Essity AB (B Shares)		670,254	21,681,016
Evolution AB (c)		187,784	30,376,052
Fastighets AB Balder (a)		114,673	8,308,051
H&M Hennes & Mauritz AB (B Shares) (b)		807,138	15,133,368
Hexagon AB (B Shares)		2,168,621	34,901,137
Husqvarna AB (B Shares)		467,587	6,650,646
ICA Gruppen AB		118,939	6,149,152
Industrivarden AB:
(A Shares) (b)		128,346	4,232,369
(C Shares)		179,400	5,826,113
Investor AB (B Shares) (b)		1,985,883	45,762,255
Kinnevik AB (B Shares) (a)		267,110	10,470,724
L E Lundbergforetagen AB		80,414	4,631,202
Latour Investment AB (B Shares)		160,971	5,833,043
Lundin Petroleum AB		229,034	9,046,150
Nibe Industrier AB (B Shares)		1,571,089	23,388,883
Sandvik AB		1,248,605	31,663,018
Securitas AB (B Shares) (b)		349,101	5,772,280
Sinch AB (a)(c)		554,861	10,521,555
Skandinaviska Enskilda Banken AB (A Shares)		1,785,045	27,904,319
Skanska AB (B Shares)		371,531	9,431,038
SKF AB (B Shares)		420,843	9,751,718
Svenska Cellulosa AB SCA (B Shares)		673,643	10,503,120
Svenska Handelsbanken AB (A Shares) (b)		1,596,835	18,303,466
Swedbank AB (A Shares) (b)		991,991	21,512,390
Swedish Match Co. AB		1,695,235	14,919,173
Tele2 AB (B Shares)		549,866	7,756,901
Telia Co. AB (b)		2,948,198	11,601,578
Volvo AB:
(A Shares)		252,021	5,951,311
(B Shares)		1,539,583	35,839,943
TOTAL SWEDEN			672,381,599
Switzerland - 6.2%
ABB Ltd. (Reg.)		1,931,533	63,901,357
Adecco SA (Reg.)		176,780	8,894,992
Alcon, Inc. (Switzerland)		551,898	45,605,726
Baloise Holdings AG		53,179	8,479,832
Banque Cantonale Vaudoise		36,019	2,899,301
Barry Callebaut AG		4,026	9,313,093
Clariant AG (Reg.)		259,865	5,466,361
Coca-Cola HBC AG		223,033	7,731,522
Compagnie Financiere Richemont SA Series A		576,053	71,286,838
Credit Suisse Group AG		2,630,514	27,361,848
Credit Suisse Group AG sponsored ADR (b)		194,628	2,006,615
Ems-Chemie Holding AG		7,959	7,888,589
Geberit AG (Reg.)		40,631	31,720,226
Givaudan SA		10,175	47,885,621
Holcim Ltd.		581,178	29,014,467
Julius Baer Group Ltd.		251,087	18,161,649
Kuehne & Nagel International AG		59,141	18,622,051
Lindt & Spruengli AG		118	14,163,609
Lindt & Spruengli AG (participation certificate)		1,181	13,917,639
Logitech International SA (Reg.)		191,968	15,980,560
Lonza Group AG		82,379	67,533,505
Nestle SA (Reg. S)		3,169,318	418,055,951
Novartis AG		2,449,314	202,589,464
Partners Group Holding AG		25,087	43,770,732
Roche Holding AG:
(Bearer)		31,864	13,676,881
(participation certificate)		778,520	301,594,128
Schindler Holding AG:
(participation certificate)		46,440	12,081,704
(Reg.)		20,107	5,156,317
SGS SA (Reg.)		6,696	19,804,246
Siemens Energy AG (a)		447,400	12,836,765
Sika AG		156,259	52,905,516
Sonova Holding AG		60,099	24,831,205
Straumann Holding AG		11,361	23,600,505
Swatch Group AG (Bearer)		37,764	10,360,765
Swatch Group AG (Bearer) (Reg.)		31,942	1,696,875
Swiss Life Holding AG		35,700	19,596,789
Swiss Prime Site AG		80,162	8,142,274
Swiss Re Ltd.		334,706	32,403,167
Swisscom AG		28,570	15,551,865
Temenos Group AG		72,106	11,013,569
UBS Group AG		3,831,549	69,655,017
UBS Group AG		214,112	3,886,133
Vifor Pharma AG		54,033	6,969,525
Zurich Insurance Group Ltd.		165,821	73,495,311
TOTAL SWITZERLAND			1,901,510,105
Taiwan - 4.1%
Accton Technology Corp.		567,000	4,958,323
Acer, Inc.		3,306,060	3,087,002
Advantech Co. Ltd.		437,076	5,697,920
ASE Technology Holding Co. Ltd.		3,603,943	12,874,475
Asia Cement Corp.		2,518,785	4,007,261
ASMedia Technology, Inc.		32,000	1,867,481
ASUSTeK Computer, Inc.		777,422	9,855,628
AU Optronics Corp.		9,091,000	6,239,356
Catcher Technology Co. Ltd.		782,000	4,521,530
Cathay Financial Holding Co. Ltd.		8,660,332	18,070,220
Chang Hwa Commercial Bank		4,333,951	2,552,587
Cheng Shin Rubber Industry Co. Ltd.		2,049,513	2,509,908
China Development Finance Holding Corp.		14,961,819	7,630,017
China Life Insurance Co. Ltd.		2,357,675	2,455,470
China Steel Corp.		12,957,421	15,635,459
Chunghwa Picture Tubes, Ltd. (a)(d)		551	0
Chunghwa Telecom Co. Ltd.		4,181,400	16,571,105
Compal Electronics, Inc.		4,680,394	4,109,737
CTBC Financial Holding Co. Ltd.		20,274,255	16,892,179
Delta Electronics, Inc.		2,142,383	18,850,201
E.SUN Financial Holdings Co. Ltd.		13,137,049	12,526,078
ECLAT Textile Co. Ltd.		205,420	4,478,001
Evergreen Marine Corp. (Taiwan)		2,778,554	9,928,753
Far Eastern New Century Corp.		3,303,032	3,451,903
Far EasTone Telecommunications Co. Ltd.		1,689,000	3,712,221
Feng Tay Enterprise Co. Ltd.		466,563	3,619,235
First Financial Holding Co. Ltd.		11,452,802	9,418,896
Formosa Chemicals & Fibre Corp.		3,867,620	11,181,304
Formosa Petrochemical Corp.		1,231,000	4,420,901
Formosa Plastics Corp.		4,210,640	16,255,838
Foxconn Technology Co. Ltd.		1,116,811	2,759,440
Fubon Financial Holding Co. Ltd.		8,558,001	22,620,538
Giant Manufacturing Co. Ltd.		337,042	3,903,611
GlobalWafers Co. Ltd.		242,000	6,605,136
HIWIN Technologies Corp.		283,622	3,147,394
Hon Hai Precision Industry Co. Ltd. (Foxconn)		13,750,593	52,839,413
Hotai Motor Co. Ltd.		325,000	7,143,114
Hua Nan Financial Holdings Co. Ltd.		9,491,710	6,936,840
Innolux Corp.		10,271,819	6,160,509
Inventec Corp.		3,293,209	3,140,050
Largan Precision Co. Ltd.		111,000	8,251,751
Lite-On Technology Corp.		2,329,053	5,127,346
MediaTek, Inc.		1,666,989	54,658,321
Mega Financial Holding Co. Ltd.		11,843,833	14,206,645
Micro-Star International Co. Ltd.		749,000	3,765,847
momo.com, Inc.		49,000	3,149,937
Nan Ya Plastics Corp.		5,659,980	17,298,053
Nan Ya Printed Circuit Board Corp.		247,000	4,350,997
Nanya Technology Corp.		1,461,000	3,489,190
Nien Made Enterprise Co. Ltd.		169,000	2,318,477
Novatek Microelectronics Corp.		641,000	9,564,931
Oneness Biotech Co. Ltd. (a)		273,000	2,568,720
Pegatron Corp.		2,158,652	5,271,623
Phison Electronics Corp.		172,199	2,414,929
Pou Chen Corp.		2,556,240	3,130,465
Powertech Technology, Inc.		791,700	2,769,315
President Chain Store Corp.		649,000	6,549,434
Quanta Computer, Inc.		3,046,000	8,532,519
Realtek Semiconductor Corp.		509,744	9,134,935
Ruentex Development Co. Ltd.		1,335,490	3,400,476
Shin Kong Financial Holding Co. Ltd.		12,948,616	4,561,893
Sinopac Holdings Co.		11,343,250	5,764,302
Synnex Technology International Corp.		1,460,920	2,822,679
Taishin Financial Holdings Co. Ltd.		11,483,868	7,526,687
Taiwan Cement Corp.		5,591,311	9,688,661
Taiwan Cooperative Financial Holding Co. Ltd.		10,483,837	8,509,058
Taiwan High Speed Rail Corp.		2,273,000	2,371,365
Taiwan Mobile Co. Ltd.		1,772,400	6,244,297
Taiwan Semiconductor Manufacturing Co. Ltd.		27,123,000	574,803,977
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR		5,467	621,598
The Shanghai Commercial & Savings Bank Ltd.		4,037,815	6,380,458
Uni-President Enterprises Corp.		5,214,620	12,472,390
Unimicron Technology Corp.		1,299,000	8,863,710
United Microelectronics Corp.		13,078,000	27,114,017
Vanguard International Semiconductor Corp.		1,001,000	5,194,631
Walsin Technology Corp.		403,000	2,185,419
Wan Hai Lines Ltd.		674,000	3,872,868
Win Semiconductors Corp.		368,000	4,724,726
Winbond Electronics Corp.		3,229,000	3,049,837
Wistron Corp.		3,475,291	3,644,406
Wiwynn Corp.		91,000	2,905,333
WPG Holding Co. Ltd.		1,799,378	3,353,842
Yageo Corp.		423,292	6,597,548
Yang Ming Marine Transport Corp. (a)		1,722,000	5,967,786
Yuanta Financial Holding Co. Ltd.		10,708,248	9,498,787
TOTAL TAIWAN			1,251,329,220
Thailand - 0.5%
Advanced Info Service PCL (For. Reg.)		894,500	5,095,253
Advanced Information Service PCL NVDR		410,800	2,340,000
Airports of Thailand PCL:
(depositary receipt)		1,493,900	2,904,055
(For. Reg.)		3,379,500	6,569,552
Asset World Corp. PCL (a)		8,077,300	1,110,081
Asset World Corp. PCL NVDR (a)		2,412,000	331,486
B. Grimm Power PCL (For. Reg.)		794,300	1,017,413
Bangkok Commercial Asset Management PCL		1,206,100	690,654
Bangkok Commercial Asset Management PCL unit		2,181,100	1,248,972
Bangkok Dusit Medical Services PCL:
unit		2,421,800	1,715,259
(For. Reg.)		8,284,500	5,867,563
Bangkok Expressway and Metro PCL		5,848,100	1,586,284
Bangkok Expressway and Metro PCL NVDR		2,414,500	654,928
Berli Jucker PCL:
unit		478,300	486,517
(For. Reg)		600,400	610,714
BTS Group Holdings PCL:
unit		6,189,700	1,781,544
warrants 11/7/24 (a)		624,670	6,251
warrants 11/7/24 (a)		191,190	1,913
warrants 11/20/26 (a)		1,249,340	6,078
warrants 11/20/26 (a)		382,380	1,860
(For. Reg.)		4,476,600	1,288,473
Bumrungrad Hospital PCL:
NVDR		162,500	712,590
(For. Reg.)		333,600	1,462,893
Carabao Group PCL NVDR		338,600	1,265,413
Central Pattana PCL:
unit		453,800	810,357
(For. Reg.)		1,878,700	3,354,821
Central Retail Corp. PCL		1,222,150	1,279,979
Central Retail Corp. PCL NVDR		555,700	581,994
Charoen Pokphand Foods PCL (For. Reg.)		3,517,640	2,676,926
CP ALL PCL:
unit		1,402,600	2,705,437
(For. Reg.)		4,617,300	8,906,184
Delta Electronics PCL:
(For. Reg.)		273,200	3,425,292
NVDR		107,700	1,350,307
Electricity Generating PCL:
(For. Reg.)		240,100	1,291,677
NVDR		128,200	689,684
Energy Absolute PCL (For. Reg.)		1,281,300	2,529,390
Global Power Synergy Public Co. Ltd.		488,700	1,148,843
Global Power Synergy Public Co. Ltd. unit		654,000	1,537,432
Gulf Energy Development PCL:
unit		1,532,800	1,997,999
(For. Reg.)		2,054,300	2,677,772
Home Product Center PCL:
unit		2,741,100	1,206,150
(For. Reg.)		5,041,347	2,218,314
Indorama Ventures PCL:
unit		2,108,700	2,669,241
(For. Reg.)		1,678,000	2,124,051
Intouch Holdings PCL:
(For. Reg.)		1,148,900	2,605,628
NVDR		415,100	941,419
Krung Thai Bank PCL:
(For. Reg.)		1,971,475	683,302
NVDR		1,986,200	688,406
Krungthai Card PCL:
(For. Reg.)		502,900	875,301
NVDR		382,700	666,092
Land & House PCL (For. Reg.)		7,055,500	1,796,835
Minor International PCL:
unit (a)		1,058,782	1,045,061
warrants 2/15/24 (a)		99,924	12,167
warrants 2/15/24 (a)		12,037	1,466
(For. Reg.) (a)		2,339,241	2,308,925
Muangthai Leasing PCL		569,191	1,037,856
Muangthai Leasing PCL unit		394,600	719,509
Osotspa PCL		630,600	622,428
Osotspa PCL unit		1,113,100	1,098,675
PTT Exploration and Production PCL (For. Reg.)		1,224,151	4,335,074
PTT Global Chemical PCL:
(For. Reg.)		2,006,886	3,795,422
NVDR		413,300	781,633
PTT Oil & Retail Business PCL NVDR		3,862,400	3,201,206
PTT PCL:
(For. Reg.)		7,683,000	8,799,096
NVDR		3,426,500	3,924,262
Ratchaburi Electric Generating Holding PCL (For. Reg.)		514,200	705,127
SCG Packaging PCL NVDR		1,452,200	2,812,051
Siam Cement PCL:
(For. Reg.)		581,550	6,923,214
NVDR		285,300	3,396,429
Siam Commercial Bank PCL:
(For. Reg.)		539,400	2,048,354
(NVDR)		442,900	1,681,899
Sri Trang Gloves Thailand PCL		689,200	633,532
Sri Trang Gloves Thailand PCL NVDR		410,700	377,527
Srisawad Corp. PCL:
warrants 8/29/25 (a)		22,064	7,448
(For. Reg.)		677,100	1,306,040
Thai Oil PCL (For. Reg.)		1,052,600	1,768,609
Thai Union Frozen Products PCL (For. Reg.)		2,880,000	1,814,105
True Corp. PCL:
unit		7,580,400	927,559
(For. Reg.)		7,537,335	922,290
TOTAL THAILAND			149,201,543
Turkey - 0.1%
Akbank TAS		2,966,673	1,808,270
Aselsan A/S		723,588	1,236,587
Bim Birlesik Magazalar A/S JSC		518,330	3,350,760
Eregli Demir ve Celik Fabrikalari T.A.S.		1,575,661	3,227,040
Ford Otomotiv Sanayi A/S		65,450	1,263,524
Koc Holding A/S		909,120	2,229,774
Turk Sise ve Cam Fabrikalari A/S		1,985,030	1,788,055
Turkcell Iletisim Hizmet A/S		1,156,307	1,838,978
Turkiye Garanti Bankasi A/S		2,332,051	2,389,297
Turkiye Is Bankasi A/S Series C		1,358,673	795,645
Turkiye Petrol Rafinerileri A/S (a)		182,194	2,649,337
TOTAL TURKEY			22,577,267
United Arab Emirates - 0.2%
Abu Dhabi Commercial Bank PJSC		3,139,878	7,094,997
Abu Dhabi National Oil Co. for Distribution PJSC		2,788,601	3,249,313
Aldar Properties PJSC (a)		4,552,070	5,006,701
Dubai Islamic Bank Pakistan Ltd. (a)		1,986,794	2,763,981
Emaar Properties PJSC (a)		3,939,482	4,300,756
Emirates NBD Bank PJSC		2,625,325	9,970,539
Emirates Telecommunications Corp.		1,962,523	13,677,794
First Abu Dhabi Bank PJSC		4,809,711	23,333,937
TOTAL UNITED ARAB EMIRATES			69,398,018
United Kingdom - 8.3%
3i Group PLC		1,076,257	20,090,513
Abrdn PLC		2,461,718	8,557,220
Admiral Group PLC		214,103	8,409,406
Anglo American PLC (United Kingdom)		1,430,716	54,428,735
Antofagasta PLC		426,490	8,320,257
Ashtead Group PLC		494,110	41,411,360
Associated British Foods PLC		396,906	9,712,160
AstraZeneca PLC (United Kingdom)		1,708,058	213,680,345
Auto Trader Group PLC (c)		1,079,049	8,945,787
Aveva Group PLC		130,333	6,346,306
Aviva PLC		4,326,955	23,372,769
BAE Systems PLC		3,561,635	26,855,306
Barclays PLC		18,713,354	51,639,031
Barratt Developments PLC		1,120,590	10,167,658
Berkeley Group Holdings PLC		123,764	7,376,378
BHP Group PLC		2,332,293	61,599,491
BP PLC		16,873,631	80,839,908
BP PLC sponsored ADR		944,412	27,189,621
British American Tobacco PLC (United Kingdom)		2,387,369	83,043,211
British Land Co. PLC		987,570	6,680,657
BT Group PLC (a)		9,776,265	18,583,858
Bunzl PLC		375,827	13,897,414
Burberry Group PLC		438,984	11,588,883
Compass Group PLC (a)		1,977,024	41,953,699
Croda International PLC		154,480	19,995,499
Diageo PLC		2,573,464	128,034,180
Direct Line Insurance Group PLC		1,543,133	6,175,063
Evraz PLC		569,653	4,845,985
GlaxoSmithKline PLC		5,547,554	115,171,823
Halma PLC		421,008	17,066,170
Hargreaves Lansdown PLC		395,777	8,325,016
Hikma Pharmaceuticals PLC		194,931	6,421,222
HSBC Holdings PLC (United Kingdom)		22,522,546	135,702,177
Imperial Brands PLC		1,027,655	21,686,645
Informa PLC (a)		1,630,959	11,593,262
InterContinental Hotel Group PLC (a)		202,946	14,215,776
Intertek Group PLC		177,644	11,900,464
J Sainsbury PLC		1,853,112	7,593,013
JD Sports Fashion PLC		564,947	8,411,961
Johnson Matthey PLC		211,798	7,921,769
Kingfisher PLC		2,352,805	10,798,415
Land Securities Group PLC		803,871	7,557,946
Legal & General Group PLC		6,525,175	25,798,851
Lloyds Banking Group PLC		78,258,796	53,558,806
London Stock Exchange Group PLC		364,077	35,440,609
M&G PLC		2,845,487	7,780,594
Melrose Industries PLC		4,842,666	10,458,085
Mondi PLC		290,096	7,245,449
Mondi PLC		232,304	5,788,210
National Grid PLC		3,882,079	49,704,430
NatWest Group PLC		6,388,807	19,331,661
Next PLC		146,700	15,993,042
NMC Health PLC (a)		75,611	14,366
Ocado Group PLC (a)		539,734	13,317,913
Pearson PLC		490,178	4,033,489
Pearson PLC sponsored ADR (b)		334,503	2,769,685
Persimmon PLC		344,646	12,834,012
Phoenix Group Holdings PLC		716,235	6,436,016
Prudential PLC (a)		2,891,911	59,148,197
Reckitt Benckiser Group PLC		786,882	63,881,275
RELX PLC (London Stock Exchange)		2,130,543	66,012,684
Rentokil Initial PLC		2,050,210	16,509,415
Rio Tinto PLC		1,239,746	77,299,971
Rolls-Royce Holdings PLC (a)		9,254,247	16,702,440
Royal Dutch Shell PLC:
Class A (United Kingdom)		4,571,928	104,737,751
Class B (United Kingdom)		4,033,052	92,553,370
Sage Group PLC		1,148,672	11,173,883
Schroders PLC		136,449	6,759,889
Segro PLC		1,325,474	23,445,658
Severn Trent PLC		273,248	10,238,848
Smith & Nephew PLC		964,964	16,665,000
Smiths Group PLC		437,371	8,113,536
Spirax-Sarco Engineering PLC		81,564	17,418,989
SSE PLC		1,184,789	26,680,964
St. James's Place Capital PLC		598,839	12,944,652
Standard Chartered PLC (United Kingdom)		2,908,271	19,697,585
Taylor Wimpey PLC		3,989,293	8,437,730
Tesco PLC		8,571,134	31,646,912
Unilever PLC		2,891,240	154,802,421
United Utilities Group PLC		776,531	11,036,363
Vodafone Group PLC		21,558,586	31,774,175
Vodafone Group PLC sponsored ADR		896,840	13,407,758
Whitbread PLC (a)		223,641	10,008,289
TOTAL UNITED KINGDOM			2,569,709,332
United States of America - 0.2%
360 DigiTech, Inc. ADR (a)		96,587	1,971,341
Coca-Cola European Partners PLC		229,180	12,066,327
Dada Nexus Ltd. ADR (a)		69,295	1,407,381
DiDi Global, Inc. ADR (b)		341,995	2,759,900
Li Auto, Inc. ADR (a)		593,080	19,352,200
NICE Systems Ltd. sponsored ADR (a)		22,281	6,305,969
Southern Copper Corp.		97,646	5,857,784
Yum China Holdings, Inc.		461,125	26,321,015
TOTAL UNITED STATES OF AMERICA			76,041,917
TOTAL COMMON STOCKS
(Cost $24,351,543,802)			29,669,568,468
Nonconvertible Preferred Stocks - 0.9%
Brazil - 0.3%
Alpargatas SA (PN)		186,800	1,278,586
Ambev SA sponsored ADR		491,407	1,454,565
Banco Bradesco SA:
(PN)		5,007,986	17,658,124
(PN) sponsored ADR		1,276,557	4,467,950
Bradespar SA (PN)		307,463	2,650,900
Braskem SA (PN-A) (a)		199,600	1,926,046
BRF SA sponsored ADR (a)(b)		269,564	1,113,299
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B)		249,442	1,495,644
Companhia Energetica de Minas Gerais (CEMIG) (PN)		1,298,888	2,964,258
Companhia Paranaense de Energia-COPEL (PN-B)		968,000	1,015,373
Gerdau SA		1,280,350	6,102,522
Itau Unibanco Holding SA		4,321,861	17,850,133
Itau Unibanco Holding SA sponsored ADR		1,038,799	4,227,912
Itausa-Investimentos Itau SA (PN)		4,745,507	8,618,563
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)		4,006,840	19,346,254
(PN) sponsored ADR (non-vtg.)		862,536	8,288,971
sponsored ADR		332,513	3,265,278
TOTAL BRAZIL			103,724,378
Chile - 0.0%
Sociedad Quimica y Minera de Chile SA (PN-B) (a)		154,975	8,416,467
Colombia - 0.0%
Bancolombia SA (PN)		488,682	4,386,249
France - 0.0%
Air Liquide SA (a)		41,793	6,977,670
Germany - 0.4%
Bayerische Motoren Werke AG (BMW) (non-vtg.)		100,068	8,513,946
Fuchs Petrolub AG		82,625	3,958,121
Henkel AG & Co. KGaA		194,792	17,424,394
Porsche Automobil Holding SE (Germany)		168,986	17,587,467
Sartorius AG (non-vtg.)		28,756	18,628,781
Volkswagen AG		199,750	44,755,170
TOTAL GERMANY			110,867,879
Korea (South) - 0.2%
AMOREPACIFIC Corp.		1	61
Hyundai Motor Co.		31,101	2,589,217
Hyundai Motor Co. Series 2		46,389	3,877,465
LG Chemical Ltd.		7,810	2,552,268
LG Household & Health Care Ltd.		1,428	729,402
Samsung Electronics Co. Ltd.		860,721	47,042,250
TOTAL KOREA (SOUTH)			56,790,663
Russia - 0.0%
Surgutneftegas OJSC		8,171,517	4,451,250
TOTAL NONCONVERTIBLE PREFERRED STOCKS
(Cost $284,888,463)			295,614,556
		Principal Amount(f)	Value
Nonconvertible Bonds - 0.0%
India - 0.0%
NTPC Ltd. 8.49% 3/25/25 (Cost $46,681)	INR	233,068	43,180
		Shares	Value
Money Market Funds - 3.9%
Fidelity Cash Central Fund 0.06% (g)		489,332,290	489,430,157
Fidelity Securities Lending Cash Central Fund 0.06% (g)(h)		703,099,699	703,170,009
TOTAL MONEY MARKET FUNDS
(Cost $1,192,599,758)			1,192,600,166
TOTAL INVESTMENT IN SECURITIES - 100.9%
(Cost $25,829,078,704)			31,157,826,370
NET OTHER ASSETS (LIABILITIES) - (0.9)%			(292,964,405)
NET ASSETS - 100%			$30,864,861,965

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
ICE E-mini MSCI EAFE Index Contracts (United States)	4,913	Dec. 2021	$574,722,740	$5,156,442	$5,156,442
ICE MSCI Emerging Markets Index Contracts (United States)	4,210	Dec. 2021	265,651,000	159,541	159,541
TME S&P/TSX 60 Index Contracts (Canada)	329	Dec. 2021	67,017,534	1,538,997	1,538,997
TOTAL FUTURES CONTRACTS					$6,854,980

The notional amount of futures purchased as a percentage of Net Assets is 2.9%

Currency Abbreviations

INR – Indian rupee

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $864,754,176 or 2.8% of net assets.

 (d) Level 3 security

 (e) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (f) Amount is stated in United States dollars unless otherwise noted.

 (g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

 (h) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Fund	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Realized Gain/Loss	Change in Unrealized appreciation (depreciation)	Value, end of period	% ownership, end of period
Fidelity Cash Central Fund 0.06%	$467,685,976	$8,634,412,521	$8,612,693,847	$669,829	$25,507	$--	$489,430,157	0.8%
Fidelity Securities Lending Cash Central Fund 0.06%	189,644,654	4,698,667,070	4,185,141,715	6,313,084	--	--	703,170,009	1.9%
Total	$657,330,630	$13,333,079,591	$12,797,835,562	$6,982,913	$25,507	$--	$1,192,600,166

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2021, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

	Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Communication Services	$1,836,235,912	$766,625,744	$1,066,922,988	$2,687,180
Consumer Discretionary	3,872,635,226	1,805,760,527	2,066,863,654	11,045
Consumer Staples	2,532,809,804	1,085,017,023	1,447,792,780	1
Energy	1,494,368,387	874,129,016	620,239,264	107
Financials	5,854,381,486	3,970,598,046	1,882,622,048	1,161,392
Health Care	2,817,480,418	944,172,282	1,873,308,136	--
Industrials	3,618,668,108	1,912,453,809	1,706,214,299	--
Information Technology	3,925,514,161	1,214,462,256	2,711,051,905	--
Materials	2,377,172,763	1,464,443,136	912,729,627	--
Real Estate	725,451,981	545,479,227	179,972,754	--
Utilities	910,464,778	600,664,783	309,799,993	2
Corporate Bonds	43,180	--	43,180	--
Money Market Funds	1,192,600,166	1,192,600,166	--	--
Total Investments in Securities:	$31,157,826,370	$16,376,406,015	$14,777,560,628	$3,859,727
Derivative Instruments:
Assets
Futures Contracts	$6,854,980	$6,854,980	$--	$--
Total Assets	$6,854,980	$6,854,980	$--	$--
Total Derivative Instruments:	$6,854,980	$6,854,980	$--	$--

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2021. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Equity Risk
Futures Contracts(a)	$6,854,980	$0
Total Equity Risk	6,854,980	0
Total Value of Derivatives	$6,854,980	$0

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).

See accompanying notes which are an integral part of the financial statements.

Financial Statements

Statement of Assets and Liabilities

		October 31, 2021
Assets
Investment in securities, at value (including securities loaned of $649,746,679) — See accompanying schedule: Unaffiliated issuers (cost $24,636,478,946)	$29,965,226,204
Fidelity Central Funds (cost $1,192,599,758)	1,192,600,166
Total Investment in Securities (cost $25,829,078,704)		$31,157,826,370
Segregated cash with brokers for derivative instruments		36,390,919
Cash		299,309
Foreign currency held at value (cost $71,825,246)		71,479,485
Receivable for investments sold		10,435,233
Receivable for fund shares sold		295,265,304
Dividends receivable		51,346,318
Reclaims receivable		18,774,704
Interest receivable		160
Distributions receivable from Fidelity Central Funds		294,363
Receivable from investment adviser for expense reductions		309,350
Other receivables		749,363
Total assets		31,643,170,878
Liabilities
Payable for investments purchased
Regular delivery	$7,948,602
Delayed delivery	166,612
Payable for fund shares redeemed	21,772,440
Payable for daily variation margin on futures contracts	5,152,364
Other payables and accrued expenses	40,079,006
Collateral on securities loaned	703,189,889
Total liabilities		778,308,913
Net Assets		$30,864,861,965
Net Assets consist of:
Paid in capital		$25,413,369,669
Total accumulated earnings (loss)		5,451,492,296
Net Assets		$30,864,861,965
Net Asset Value, offering price and redemption price per share ($30,864,861,965 ÷ 1,985,086,396 shares)		$15.55

See accompanying notes which are an integral part of the financial statements.

Statement of Operations

		Year ended October 31, 2021
Investment Income
Dividends		$674,596,746
Non-Cash dividends		56,418,161
Income from Fidelity Central Funds (including $6,313,084 from security lending)		6,982,913
Income before foreign taxes withheld		737,997,820
Less foreign taxes withheld		(77,434,698)
Total income		660,563,122
Expenses
Custodian fees and expenses	$5,422,320
Independent trustees' fees and expenses	74,050
Legal	254
Total expenses before reductions	5,496,624
Expense reductions	(2,037,128)
Total expenses after reductions		3,459,496
Net investment income (loss)		657,103,626
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers (net of foreign taxes of $40,540)	(183,275,414)
Fidelity Central Funds	25,507
Foreign currency transactions	(1,084,945)
Futures contracts	194,915,780
Total net realized gain (loss)		10,580,928
Change in net unrealized appreciation (depreciation) on:
Investment securities:
Unaffiliated issuers (net of increase in deferred foreign taxes of $35,305,614)	4,782,083,244
Assets and liabilities in foreign currencies	(1,351,459)
Futures contracts	20,365,228
Total change in net unrealized appreciation (depreciation)		4,801,097,013
Net gain (loss)		4,811,677,941
Net increase (decrease) in net assets resulting from operations		$5,468,781,567

See accompanying notes which are an integral part of the financial statements.

Statement of Changes in Net Assets

	Year ended October 31, 2021	Year ended October 31, 2020
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$657,103,626	$362,606,481
Net realized gain (loss)	10,580,928	(350,457,114)
Change in net unrealized appreciation (depreciation)	4,801,097,013	(253,064,207)
Net increase (decrease) in net assets resulting from operations	5,468,781,567	(240,914,840)
Distributions to shareholders	(362,237,580)	(282,158,115)
Share transactions
Proceeds from sales of shares	10,518,243,482	9,185,580,728
Reinvestment of distributions	362,237,580	282,158,115
Cost of shares redeemed	(3,299,611,978)	(2,833,802,250)
Net increase (decrease) in net assets resulting from share transactions	7,580,869,084	6,633,936,593
Total increase (decrease) in net assets	12,687,413,071	6,110,863,638
Net Assets
Beginning of period	18,177,448,894	12,066,585,256
End of period	$30,864,861,965	$18,177,448,894
Other Information
Shares
Sold	695,122,777	751,055,863
Issued in reinvestment of distributions	25,892,608	21,771,460
Redeemed	(222,365,668)	(230,734,901)
Net increase (decrease)	498,649,717	542,092,422

See accompanying notes which are an integral part of the financial statements.

Financial Highlights

Fidelity Series Global ex U.S. Index Fund

Years ended October 31,	2021	2020	2019	2018	2017
Selected Per–Share Data
Net asset value, beginning of period	$12.23	$12.78	$11.80	$13.22	$10.95
Income from Investment Operations
Net investment income (loss)A	.38	.29	.40	.37	.33
Net realized and unrealized gain (loss)	3.18	(.56)	.90	(1.46)	2.21
Total from investment operations	3.56	(.27)	1.30	(1.09)	2.54
Distributions from net investment income	(.24)	(.26)	(.32)	(.31)	(.27)
Distributions from net realized gain	–	(.01)	–	(.02)	(.01)
Total distributions	(.24)	(.28)B	(.32)	(.33)	(.27)B
Net asset value, end of period	$15.55	$12.23	$12.78	$11.80	$13.22
Total ReturnC	29.34%	(2.27)%	11.36%	(8.48)%	23.84%
Ratios to Average Net AssetsD,E
Expenses before reductions	.02%	.02%	.04%	.06%	.06%
Expenses net of fee waivers, if any	.01%	.01%	.04%	.06%	.06%
Expenses net of all reductions	.01%	.01%	.04%	.06%	.06%
Net investment income (loss)	2.52%	2.42%	3.27%	2.82%	2.74%
Supplemental Data
Net assets, end of period (000 omitted)	$30,864,862	$18,177,449	$12,066,585	$5,946,725	$4,997,008
Portfolio turnover rateF	5%G	5%	3%G	2%	4%

 ^A Calculated based on average shares outstanding during the period.

 ^B Total distributions per share do not sum due to rounding.

 ^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 ^D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 ^E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 ^F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 ^G Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.

Notes to Financial Statements

For the period ended October 31, 2021

1. Organization.

Fidelity Series Global ex U.S. Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered only to certain other Fidelity funds and Fidelity managed 529 plans. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio(a)
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

 (a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

• Level 1 – quoted prices in active markets for identical investments
• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
• Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, ETFs and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2021 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2021, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$6,856,174,481
Gross unrealized depreciation	(1,845,028,353)
Net unrealized appreciation (depreciation)	$5,011,146,128
Tax Cost	$26,148,219,239

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$713,013,142
Capital loss carryforward	$(233,205,289)
Net unrealized appreciation (depreciation) on securities and other investments	$5,010,657,754

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

No expiration
Short-term	$(13,296,134)
Long-term	(219,909,155)
Total capital loss carryforward	$(233,205,289)

The tax character of distributions paid was as follows:

	October 31, 2021	October 31, 2020
Ordinary Income	$362,237,580	$ 282,158,115

Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Equity Risk

Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Series Global ex U.S. Index Fund	9,220,572,488	1,294,098,291

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund does not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Fund, except custody fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. During the period there were no interfund trades.

Affiliated Exchanges In-Kind. Shares that were exchanged for investments, including accrued interest and cash, if any, are shown in the table below. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets.

	Shares	Total Proceeds ($)
Fidelity Series Global ex U.S. Index Fund	13,852,005	209,303,799

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The commitment fees on the pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

8. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Series Global ex U.S. Index Fund	$544,983	$25	$–

9. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .013% of average net assets. This reimbursement will remain in place through February 28, 2025. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $2,037,099.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $29.

10. Other.

Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds and accounts managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

11. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Salem Street Trust and Shareholders of Fidelity Series Global ex U.S. Index Fund

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Series Global ex U.S. Index Fund (the "Fund"), a fund of Fidelity Salem Street Trust, including the schedule of investments, as of October 31, 2021, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights 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 Fund 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 and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its 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 Fund’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 and financial highlights, 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 and financial highlights. 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 and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2021, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

December 16, 2021

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Trustees and Officers

The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance.  Except for Jonathan Chiel, each of the Trustees oversees 286 funds. Mr. Chiel oversees 179 funds. 

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust.  Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee.  Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs.  The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees.  Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years. 

The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Arthur E. Johnson serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity^® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's high income and other equity funds. The asset allocation funds may invest in Fidelity^® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity^® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity^® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks.  The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above.  Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees.  While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations and Audit Committees.  In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board.  Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity^® funds.  The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees." 

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Mr. Chiel also serves as Trustee of other Fidelity^® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity^® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of Fidelity Management & Research Company LLC (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-2019), Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of Fidelity Management & Research Company (2001-2005), a Trustee of other investment companies advised by Fidelity Management & Research Company, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity^® funds (2001-2005), and managed a number of Fidelity^® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity^® funds and as Trustee of Fidelity Charitable (2020-present). Previously, Ms. McAuliffe served as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company), Director of Research for FIL’s credit and quantitative teams in London, Hong Kong and Tokyo and Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe previously served as a member of the Advisory Board of certain Fidelity^® funds (2016). Ms. McAuliffe was previously a lawyer at Ropes & Gray LLP and currently serves as director or trustee of several not-for-profit entities.

 * Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. 

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund. 

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity^® funds. Prior to her retirement, Ms. Acton served as Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011) and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Ms. Acton previously served as a member of the Advisory Board of certain Fidelity^® funds (2013-2016).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity^® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). General Dunwoody currently serves as President of First to Four LLC (leadership and mentoring services, 2012-present), a member of the Board and Nomination and Corporate Governance Committees of Kforce Inc. (professional staffing services, 2016-present) and a member of the Board of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as a member of the Advisory Board and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor and aerospace systems, 2013-2019) and a member of the Board and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). Ms. Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board, Chair of the Nomination and Governance Committee and a member of the Audit Committee of Logistics Management Institute (consulting non-profit, 2012-present), a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-present), a member of the Board of Florida Institute of Technology (2015-present) and a member of the Board of ThanksUSA (military family education non-profit, 2014-present). General Dunwoody previously served as a member of the Advisory Board of certain Fidelity^® funds (2018).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity^® funds. Previously, Mr. Engler served as Governor of Michigan (1991-2003), President of the Business Roundtable (2011-2017) and interim President of Michigan State University (2018-2019). Mr. Engler currently serves as a member of the Board of Stride, Inc. (formerly K12 Inc.) (technology-based education company, 2012-present). Previously, Mr. Engler served as a member of the Board of Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-2019) and Trustee of The Munder Funds (2003-2014). Mr. Engler previously served as a member of the Advisory Board of certain Fidelity^® funds (2014-2016).

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity^® funds. Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007) and Chase Manhattan Bank (1975-1978). Mr. Gartland previously served as Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-2019), as a member of the Board of National Securities Clearing Corporation (1993-1996) and as Chairman of TradeWeb (2003-2004).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Chairman of the Independent Trustees

Mr. Johnson also serves as Trustee of other Fidelity^® funds. Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson currently serves as a member of the Board of Booz Allen Hamilton (management consulting, 2011-present). Mr. Johnson previously served as a member of the Board of Eaton Corporation plc (diversified power management, 2009-2019) and a member of the Board of AGL Resources, Inc. (holding company, 2002-2016). Mr. Johnson previously served as Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity^® funds. Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Vice Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity^® funds. Prior to retirement, he was Chairman and Global Chief Executive Officer of Credit Suisse Asset Management. Previously, Mr. Kenneally was an Executive Vice President and the Chief Investment Officer for Bank of America. In this role, he was responsible for the investment management, strategy and products delivered to the bank’s institutional, high-net-worth and retail clients. Earlier, Mr. Kenneally directed the organization’s equity and quantitative research groups. He began his career in 1983 as a research analyst and then spent more than a dozen years as a portfolio manager for endowments, pension plans and mutual funds. He earned the Chartered Financial Analyst (CFA) designation in 1991.

Marie L. Knowles (1946)

Year of Election or Appointment: 2001

Trustee

Ms. Knowles also serves as Trustee of other Fidelity^® funds. Prior to her retirement, Ms. Knowles held several positions at Atlantic Richfield Company (diversified energy), including Executive Vice President and Chief Financial Officer (1996-2000), Senior Vice President (1993-1996) and President of ARCO Transportation Company (pipeline and tanker operations, 1993-1996). Ms. Knowles currently serves as a member of the Board of McKesson Corporation (healthcare service, since 2002), a member of the Board of the Santa Catalina Island Company (real estate, 2009-present), a member of the Investment Company Institute Board of Governors and a member of the Governing Council of the Independent Directors Council (2014-present). Ms. Knowles also serves as a member of the Advisory Board for the School of Engineering of the University of Southern California. Ms. Knowles previously served as Chairman (2015-2018) and Vice Chairman (2012-2015) of the Independent Trustees of certain Fidelity^® funds.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity^® funds. Previously, Mr. Murray served as Co-Chief Executive Officer (2013-2016), President (2006-2013) and Vice Chairman (2013-2020) of Meijer, Inc. Mr. Murray serves as a member of the Board (2009-present) and Public Policy and Responsibility Committee (2009-present) and Chair of the Nuclear Review Committee (2019-present) of DTE Energy Company (diversified energy company). Mr. Murray previously served as a member of the Board of Spectrum Health (not-for-profit health system, 2015-2019) and as a member of the Board and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray also serves as a member of the Board of many community and professional organizations. Mr. Murray previously served as a member of the Advisory Board of certain Fidelity^® funds (2016).

 + The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund. 

Advisory Board Members and Officers:

Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.  Officers appear below in alphabetical order. 

Name, Year of Birth; Principal Occupation

Robert W. Helm (1957)

Year of Election or Appointment: 2021

Member of the Advisory Board

Mr. Helm also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Helm was formerly Deputy Chairman (2003-2020), partner (1991-2020) and an associate (1984-1991) of Dechert LLP (formerly Dechert Price & Rhoads). Mr. Helm currently serves on boards and committees of several not-for-profit organizations.

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Mr. Carter also serves as Assistant Secretary of other funds. Mr. Carter serves as Vice President, Associate General Counsel (2010-present) and is an employee of Fidelity Investments (2005-present).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity^® funds (2016-2020) and Assistant Treasurer of certain Fidelity^® funds (2016-2018). 

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

Jamie Pagliocco (1964)

Year of Election or Appointment: 2020

Vice President

Mr. Pagliocco also serves as Vice President of other funds. Mr. Pagliocco serves as President of Fixed Income (2020-present), and is an employee of Fidelity Investments (2001-present). Previously, Mr. Pagliocco served as Co-Chief Investment Officer – Bond (2017-2020), Global Head of Bond Trading (2016-2019), and as a portfolio manager.

Kenneth B. Robins (1969)

Year of Election or Appointment: 2020

Chief Compliance Officer

Mr. Robins also serves as an officer of other funds. Mr. Robins serves as Compliance Officer of Fidelity Management & Research Company LLC (investment adviser firm, 2016-present) and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Compliance Officer of FMR Co., Inc. (investment adviser firm, 2016-2019), as Executive Vice President of Fidelity Investments Money Management, Inc. (investment adviser firm, 2013-2016) and served in other fund officer roles.

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity^® funds.

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2021 to October 31, 2021).

Actual Expenses

The first line of the accompanying table 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 $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of 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.

	Annualized Expense Ratio-A	Beginning Account Value May 1, 2021	Ending Account Value October 31, 2021	Expenses Paid During Period-B May 1, 2021 to October 31, 2021
Fidelity Series Global ex U.S. Index Fund	.01%
Actual		$1,000.00	$1,019.00	$.05
Hypothetical-C		$1,000.00	$1,025.16	$.05

 ^A Annualized expense ratio reflects expenses net of applicable fee waivers.

 ^B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 ^C 5% return per year before expenses

Distributions (Unaudited)

The fund designates 75% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The fund will notify shareholders in January 2022 of amounts for use in preparing 2021 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Series Global ex U.S. Index Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for the fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts). FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established four standing committees (Committees) — Operations, Audit, Fair Valuation, and Governance and Nominating — each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of the fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2021 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In considering whether to renew the Advisory Contracts for the fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and the fact that no fee is payable under the management contract was fair and reasonable.

Nature, Extent, and Quality of Services Provided.  The Board considered staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund. The Board also considered the steps Fidelity had taken to ensure the continued provision of high quality services to the Fidelity funds during the COVID-19 pandemic, including the expansion of staff in client facing positions to maintain service levels in periods of high volumes and volatility.

The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.

The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.

Resources Dedicated to Investment Management and Support Services.  The Board reviewed the general qualifications and capabilities of Fidelity’s and Geode’s investment staffs, including their size, education, experience, and resources, as well as Fidelity’s and Geode’s approach to recruiting, training, managing, and compensating investment personnel. The Board considered that Fidelity’s and Geode’s investment professionals have extensive resources, tools and capabilities so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity’s and Geode’s trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process

Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory and administrative services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers.

Investment Performance.  The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. The Board reviewed the fund's absolute investment performance, as well as the fund's relative investment performance. In this regard, the Board noted that the fund is designed to offer an investment option for other investment companies and 529 plans managed by Fidelity and ultimately to enhance the performance of those investment companies and 529 plans.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio.  The Board considered that the fund does not pay FMR a management fee for investment advisory services, but that FMR receives fees for providing services to funds that invest in the fund. The Board also noted that FMR or an affiliate undertakes to pay all operating expenses of the fund, except transfer agent fees, 12b-1 fees, Independent Trustee fees and expenses, custodian fees and expenses, proxy and shareholder meeting expenses, interest, taxes, and extraordinary expenses (such as litigation expenses). The Board further noted that the fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable.

The Board further considered that FMR has contractually agreed to reimburse the fund to the extent that total operating expenses, with certain exceptions, as a percentage of its average net assets, exceed 0.013% through February 28, 2024.

At its July 2021 meeting, the Board also approved an amendment to the fund's sub-advisory agreement with Geode (effective August 1, 2021) that lowered the sub-advisory fee rate that FMR pays to Geode.

Based on its review, the Board considered that the fund does not pay a management fee and concluded that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's and Geode's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's and Geode's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.

The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund were not relevant to the renewal of the Advisory Contracts because the fund pays no advisory fees and FMR or an affiliate bears all expenses of the fund, with limited exceptions.

The Board also considered information regarding the profitability of Geode's relationship with the fund.

Economies of Scale.  The Board concluded that because the fund pays no advisory fees and FMR or an affiliate bears all expenses of the fund with certain limited exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew the fund's Advisory Contracts.

Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) the extent to which current market conditions have affected retention and recruitment of personnel; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation arrangements; (vi) Fidelity's transfer agent fee, expense, and service structures for different funds and classes relative to competitive trends; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and the continued waiver of money market fund fees; (viii) the types of management fee and total expense comparisons provided, and the challenges and limitations associated with such information; and (ix) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons. In addition, the Board considered its discussions with Fidelity regarding Fidelity's efforts to maintain the continuous investment and shareholder services necessary for the funds during the current pandemic and economic circumstances.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory and sub-advisory fee arrangements are fair and reasonable, and that the fund's Advisory Contracts should be renewed.

SGX-ANN-1221
1.899279.112

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