| 1 | PDD Holdings Inc. | PDD | NASDAQ | IE |
| 2 | Aeon Co., Ltd. | 8267.T | JPX | JP |
| 3 | Falabella S.A. | FALABELLA.SN | SGO | CL |
| 4 | SM Investments Corporation | SVTMF | OTC | PH |
| 5 | Marks and Spencer Group plc | MAKSF | OTC | GB |
| 6 | Isetan Mitsukoshi Holdings Ltd. | 3099.T | JPX | JP |
| 7 | Dillard's, Inc. | DDS | NYSE | US |
| 8 | Cencosud S.A. | CENCOSUD.SN | SGO | CL |
| 9 | Macy's, Inc. | M | NYSE | US |
| 10 | Tokyu Corporation | 9005.T | JPX | JP |
| 11 | Ryohin Keikaku Co., Ltd. | 7453.T | JPX | JP |
| 12 | Vishal Mega Mart Ltd. | VMM.NS | NSE | IN |
| 13 | J. Front Retailing Co., Ltd. | 3086.T | JPX | JP |
| 14 | Central Retail Corporation Public Company Limited | CRC-R.BK | SET | TH |
| 15 | Takashimaya Company, Limited | 8233.T | JPX | JP |
| 16 | Shinsegae Inc. | 004170.KS | KSC | KR |
| 17 | Yonghui Superstores Co., Ltd. | 601933.SS | SHH | CN |
| 18 | Polibeli Group Ltd | PLBL | NASDAQ | ID |
| 19 | Ccoop Group Co., Ltd | 000564.SZ | SHZ | CN |
| 20 | Lotte Shopping Co., Ltd. | 023530.KS | KSC | KR |
| 21 | Organización Soriana, S. A. B. de C. V. | SORIANAB.MX | MEX | MX |
| 22 | InRetail Perú Corp. | INREF | OTC | PE |
| 23 | Lojas Renner S.A. | LREN3.SA | SAO | BR |
| 24 | Hyundai Department Store Co. Ltd. | 069960.KS | KSC | KR |
| 25 | Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. | 600655.SS | SHH | CN |
| 26 | POYA International Co., Ltd. | 5904.TWO | TWO | TW |
| 27 | La Comer, S.A.B. de C.V. | LACOMERUBC.MX | MEX | MX |
| 28 | Blue Zones Holdings Co Ltd | 417A.T | JPX | JP |
| 29 | Beijing United Information Technology Co.,Ltd. | 603613.SS | SHH | CN |
| 30 | Kohl's Corporation | KSS | NYSE | US |
| 31 | H2O Retailing Corporation | 8242.T | JPX | JP |
| 32 | Puregold Price Club, Inc. | PGCMF | OTC | PH |
| 33 | Easyhome New Retail Group Corporation Limited | 000785.SZ | SHZ | CN |
| 34 | Sun Art Retail Group Limited | SURRF | OTC | CN |
| 35 | Shanghai Bailian (Group) Co., Ltd. | 600827.SS | SHH | CN |
| 36 | NYOCOR Co., Ltd. | 600821.SS | SHH | CN |
| 37 | Puuilo Oyj | PUUILO.HE | HEL | FI |
| 38 | Wangfujing Group Co., Ltd. | 600859.SS | SHH | CN |
| 39 | Better Life Commercial Chain Share Co.,Ltd | 002251.SZ | SHZ | CN |
| 40 | GS Retail Co., Ltd. | 007070.KS | KSC | KR |
| 41 | PT. Mitra Adiperkasa Tbk | MAPI.JK | JKT | ID |
| 42 | Rusta AB (publ) | RUSTA.ST | STO | SE |
| 43 | Xi'an International Medical Investment Company Limited | 000516.SZ | SHZ | CN |
| 44 | Taiwan FamilyMart Co., Ltd. | 5903.TWO | TWO | TW |
| 45 | Hunan Friendship&Apollo Commercial Co.,Ltd. | 002277.SZ | SHZ | CN |
| 46 | Chongqing Department Store Co.,Ltd. | 600729.SS | SHH | CN |
| 47 | Izumi Co., Ltd. | 8273.T | JPX | JP |
| 48 | Sun Art Retail Group Limited | 6808.HK | HKSE | CN |
| 49 | SAN-A CO.,Ltd. | 2659.T | JPX | JP |
| 50 | ARCS Company Limited | 9948.T | JPX | JP |
| 51 | Valor Holdings Co., Ltd. | 9956.T | JPX | JP |
| 52 | Nanjing Xinjiekou Department Store Co., Ltd. | 600682.SS | SHH | CN |
| 53 | Robinsons Retail Holdings, Inc. | RRETY | OTC | PH |
| 54 | Fuji Co., Ltd. | 8278.T | JPX | JP |
| 55 | Fujian Dongbai (Group) Co.,Ltd. | 600693.SS | SHH | CN |
| 56 | United Super Markets Holdings Inc. | 3222.T | JPX | JP |
| 57 | Beijing Cuiwei Tower Co., Ltd. | 603123.SS | SHH | CN |
| 58 | Far Eastern Department Stores, Ltd. | 2903.TW | TAI | TW |
| 59 | Hefei Department Store Group Co.,Ltd | 000417.SZ | SHZ | CN |
| 60 | Maoye Commercial Co., Ltd. | 600828.SS | SHH | CN |
| 61 | Jiangxi Guoguang Commercial Chains Co., Ltd. | 605188.SS | SHH | CN |
| 62 | Chengdu Hongqi Chain Co.,Ltd. | 002697.SZ | SHZ | CN |
| 63 | SMU S.A. | SMU.SN | SGO | CL |
| 64 | Jiajiayue Group Co., Ltd. | 603708.SS | SHH | CN |
| 65 | Wushang Group Co., Ltd. | 000501.SZ | SHZ | CN |
| 66 | Dashang Co., Ltd. | 600694.SS | SHH | CN |
| 67 | Ripley Corp S.A. | RIPLEY.SN | SGO | CL |
| 68 | Heiwado Co.,Ltd. | 8276.T | JPX | JP |
| 69 | Al Meera Consumer Goods Company Q.P.S.C. | MERS.QA | DOH | QA |
| 70 | Rainbow Digital Commercial Co., Ltd. | 002419.SZ | SHZ | CN |
| 71 | Aeon Hokkaido Corporation | 7512.T | JPX | JP |
| 72 | World Co., Ltd. | 3612.T | JPX | JP |
| 73 | Ningbo Zhongbai Co., Ltd. | 600857.SS | SHH | CN |
| 74 | Hangzhou Jiebai Group Co., Limited | 600814.SS | SHH | CN |
| 75 | Gansu Guofang Industry & Trade (Group) Co., Ltd. | 601086.SS | SHH | CN |
| 76 | V-Mart Retail Limited | VMART.NS | NSE | IN |
| 77 | New Huadu Technology Co., Ltd. | 002264.SZ | SHZ | CN |
| 78 | Axial Retailing Inc. | 8255.T | JPX | JP |
| 79 | Briscoe Group Limited | BGP.NZ | NZE | NZ |
| 80 | Aeon Kyushu Co., Ltd. | 2653.T | JPX | JP |
| 81 | Sok Marketler Ticaret A.S. | SOKM.IS | IST | TR |
| 82 | Joshin Denki Co., Ltd. | 8173.T | JPX | JP |
| 83 | Shanghai New World Co., Ltd | 600628.SS | SHH | CN |
| 84 | Beijing Hualian Department Store Co., Ltd | 000882.SZ | SHZ | CN |
| 85 | Shanghai Yimin Commercial Group Co., Ltd. | 600824.SS | SHH | CN |
| 86 | Matsuya Co., Ltd. | 8237.T | JPX | JP |
| 87 | Arata Corporation | 2733.T | JPX | JP |
| 88 | Guangzhou Grandbuy Co., Ltd. | 002187.SZ | SHZ | CN |
| 89 | Liqun Commercial Group Co.,Ltd. | 601366.SS | SHH | CN |
| 90 | Yinchuan Xinhua Commercial (Group) Co., Ltd. | 600785.SS | SHH | CN |
| 91 | Xinjiang Winka Times Department Store Co.,Ltd. | 603101.SS | SHH | CN |
| 92 | Wing On Company International Limited | 0289.HK | HKSE | HK |
| 93 | Baida Group Co.,Ltd | 600865.SS | SHH | CN |
| 94 | Nanjing Central Emporium (Group) Stocks Co., Ltd. | 600280.SS | SHH | CN |
| 95 | Kintetsu Department Store Co., Ltd. | 8244.T | JPX | JP |
| 96 | Wenfeng Great World Chain Development Corporation | 601010.SS | SHH | CN |
| 97 | Shanghai Join Buy Co.,Ltd. | 600838.SS | SHH | CN |
| 98 | Lanzhou Lishang Guochao Industrial Group Co.,Ltd | 600738.SS | SHH | CN |
| 99 | Wuxi Commercial Mansion Grand Orient Co., Ltd. | 600327.SS | SHH | CN |
| 100 | Nanning Department Store Co., Ltd. | 600712.SS | SHH | CN |
| 101 | Shoppers Stop Limited | SHOPERSTOP.NS | NSE | IN |
| 102 | Shanghai Xujiahui Commercial Co., Ltd. | 002561.SZ | SHZ | CN |
| 103 | Changsha Tongcheng Holdings Co.Ltd | 000419.SZ | SHZ | CN |
| 104 | Zhongxing Shenyang Commercial Building Group Co.,Ltd | 000715.SZ | SHZ | CN |
| 105 | Moshi Moshi Retail Corporation Public Company Limited | MOSHI.BK | SET | TH |
| 106 | Aeon Co. (M) Bhd. | 6599.KL | KLS | MY |
| 107 | Myer Holdings Limited | MYR.AX | ASX | AU |
| 108 | Inzone Group Co.,Ltd | 600858.SS | SHH | CN |
| 109 | Can Do Co., Ltd. | 2698.T | JPX | JP |
| 110 | Dalian Friendship (Group) Co., Ltd. | 000679.SZ | SHZ | CN |
| 111 | Metro Holdings Limited | M01.SI | SES | SG |
| 112 | Chang Chun Eurasia Group Co., Ltd. | 600697.SS | SHH | CN |
| 113 | Xinjiang Youhao(Group)Co.,Ltd | 600778.SS | SHH | CN |
| 114 | Gwangju Shinsegae. Co. ,Ltd. | 037710.KS | KSC | KR |
| 115 | Mopas Marketcilik Gida Sanayi ve Ticaret | MOPAS.IS | IST | TR |
| 116 | Okuwa Co., Ltd. | 8217.T | JPX | JP |
| 117 | PT Matahari Department Store Tbk | LPPF.JK | JKT | ID |
| 118 | Saudi Marketing Company | 4006.SR | SAU | SA |
| 119 | PT Ramayana Lestari Sentosa Tbk | RALS.JK | JKT | ID |
| 120 | Tonlin Department Store Co.,Ltd. | 2910.TW | TAI | TW |
| 121 | The Warehouse Group Limited | WHS.NZ | NZE | NZ |
| 122 | Grazziotin S.A. | CGRA4.SA | SAO | BR |
| 123 | Lifestyle China Group Limited | 2136.HK | HKSE | HK |
| 124 | LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG | ECK.DE | XETRA | DE |
| 125 | Marks and Spencer Group plc | MKS.L | LSE | GB |
| 126 | MARX Biotech Co., Ltd. | 7731.TWO | TWO | TW |
| 127 | Patel Retail Ltd. | PATELRMART.NS | NSE | IN |
| 128 | Jing-Jan Retail Business Co., Ltd. | 2942.TWO | TWO | TW |
| 129 | PT Multipolar Tbk | MLPL.JK | JKT | ID |
| 130 | PT DFI Retail Nusantara Tbk | HERO.JK | JKT | ID |
| 131 | Lianhua Supermarket Holdings Co., Ltd. | LHUAF | OTC | CN |
| 132 | Harima-Kyowa Co.,LTD. | 7444.T | JPX | JP |
| 133 | Maoye International Holdings Limited | 0848.HK | HKSE | CN |
| 134 | New World Department Store China Limited | 0825.HK | HKSE | HK |
| 135 | Savezone I&C Corporation | 067830.KS | KSC | KR |
| 136 | Henderson Investment Limited | 0097.HK | HKSE | HK |
| 137 | Shin Shin Co Ltd. | 2901.TW | TAI | TW |
| 138 | Parkson Retail Group Limited | 3368.HK | HKSE | CN |
| 139 | Lianhua Supermarket Holdings Co., Ltd. | 0980.HK | HKSE | CN |
| 140 | Pepkor Holdings Limited | PPH.JO | JNB | ZA |
| 141 | Eslite Spectrum Corporation | 2926.TWO | TWO | TW |
| 142 | Parkson Holdings Berhad | 5657.KL | KLS | MY |
| 143 | HOUSE OF ROSE Co.,Ltd. | 7506.T | JPX | JP |
| 144 | The Sincere Company, Limited | 0244.HK | HKSE | HK |
| 145 | Spencer's Retail Limited | SPENCERS.NS | NSE | IN |
| 146 | PT Matahari Putra Prima Tbk | MPPA.JK | JKT | ID |
| 147 | Grand Ocean Retail Group Ltd. | 5907.TW | TAI | TW |
| 148 | Woolworths Holdings Limited | WHL.JO | JNB | ZA |
| 149 | Izutsuya Co., Ltd. | 8260.T | JPX | JP |
| 150 | Daegu Department Store Co., Ltd. | 006370.KS | KSC | KR |
| 151 | PT Damai Sejahtera Abadi Tbk | UFOE.JK | JKT | ID |
| 152 | AuBEX Corp. | 3583.T | JPX | JP |
| 153 | Shirble Department Store Holdings (China) Limited | 0312.HK | HKSE | CN |
| 154 | Max Stock Ltd. | MAXO.TA | TLV | IL |
| 155 | Chukyoiyakuhin Co.,Ltd. | 4558.T | JPX | JP |
| 156 | Celestial Asia Securities Holdings Limited | 1049.HK | HKSE | HK |
| 157 | Daiwa Co.,Ltd. | 8247.T | JPX | JP |
| 158 | Pick n Pay Stores Limited | PIK.JO | JNB | ZA |
| 159 | Saikaya Department Store Co., Ltd. | 8254.T | JPX | JP |
| 160 | Xenitra Limited | XEN.AX | ASX | AU |
| 161 | AEON Stores (Hong Kong) Co., Limited | 0984.HK | HKSE | HK |
| 162 | Jiahua Stores Holdings Limited | 0602.HK | HKSE | HK |
| 163 | Century Ginwa Retail Holdings Limited | 0162.HK | HKSE | HK |
| 164 | Osia Hyper Retail Limited | OSIAHYPER.NS | NSE | IN |
| 165 | Future Enterprises Limited | FEL.NS | NSE | IN |
| 166 | Hamashbir 365 Ltd | MSBI.TA | TLV | IL |
| 167 | Sears Canada Inc. | SRSCQ | OTC | CA |