|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4%
|
|||
|
|
Automobiles & Components - 3.6%
|
||
|
529,539
|
Tesla, Inc.*
|
$214,251,480
|
|
|
|
Capital Goods - 1.9%
|
||
|
189,211
|
FTAI Aviation Ltd.
|
19,021,382
|
|
|
128,223
|
GE Vernova, Inc.
|
47,811,792
|
|
|
425,509
|
Vertiv Holdings Co. Class A
|
49,793,063
|
|
|
|
|
|
116,626,237
|
|
|
Consumer Discretionary Distribution & Retail - 9.9%
|
||
|
2,271,308
|
Amazon.com, Inc.*
|
539,844,485
|
|
|
200,113
|
Dick's Sporting Goods, Inc.
|
48,037,126
|
|
|
171,581
|
Tory Burch LLC*(1)(2)
|
9,934,538
|
|
|
|
|
|
597,816,149
|
|
|
Consumer Durables & Apparel - 1.5%
|
||
|
1,535,314
|
On Holding AG Class A*
|
91,934,602
|
|
|
|
Consumer Services - 3.6%
|
||
|
2,330,686
|
DraftKings, Inc. Class A*
|
97,772,278
|
|
|
246,836
|
Royal Caribbean Cruises Ltd.
|
65,806,477
|
|
|
1,018,965
|
Viking Holdings Ltd.*
|
51,590,198
|
|
|
|
|
|
215,168,953
|
|
|
Consumer Staples Distribution & Retail - 0.8%
|
||
|
981,650
|
Maplebear, Inc.*
|
47,394,062
|
|
|
|
Energy - 1.1%
|
||
|
246,018
|
Cameco Corp.
|
12,163,130
|
|
|
270,901
|
Targa Resources Corp.
|
53,313,317
|
|
|
|
|
|
65,476,447
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.0%
|
||
|
127,784
|
AvalonBay Communities, Inc. REIT
|
28,305,434
|
|
|
210,310
|
Welltower, Inc. REIT
|
28,703,109
|
|
|
|
|
|
57,008,543
|
|
|
Financial Services - 7.4%
|
||
|
217,282
|
Evercore, Inc. Class A
|
63,287,728
|
|
|
476,342
|
KKR & Co., Inc.
|
79,582,458
|
|
|
906,163
|
Tradeweb Markets, Inc. Class A
|
114,992,085
|
|
|
548,194
|
Visa, Inc. Class A
|
187,372,709
|
|
|
|
|
|
445,234,980
|
|
|
Health Care Equipment & Services - 2.4%
|
||
|
737,137
|
Boston Scientific Corp.*
|
75,453,343
|
|
|
120,918
|
Intuitive Surgical, Inc.*
|
69,150,586
|
|
|
|
|
|
144,603,929
|
|
|
Household & Personal Products - 0.7%
|
||
|
572,329
|
BellRing Brands, Inc.*
|
44,269,648
|
|
|
|
Media & Entertainment - 19.9%
|
||
|
1,388,598
|
Alphabet, Inc. Class A
|
283,301,764
|
|
|
1,307,329
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
125,111,385
|
|
|
480,603
|
Live Nation Entertainment, Inc.*
|
69,533,642
|
|
|
507,408
|
Meta Platforms, Inc. Class A
|
349,695,446
|
|
|
213,350
|
Netflix, Inc.*
|
208,391,746
|
|
|
310,630
|
Pinterest, Inc. Class A*
|
10,238,365
|
|
|
270,655
|
Spotify Technology SA*
|
148,467,800
|
|
|
|
|
|
1,194,740,148
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.9%
|
||
|
257,053
|
Eli Lilly & Co.
|
208,490,547
|
|
|
1,092,097
|
Exact Sciences Corp.*
|
61,212,037
|
|
|
538,376
|
Natera, Inc.*
|
95,249,482
|
|
|
103,600
|
Vertex Pharmaceuticals, Inc.*
|
47,830,048
|
|
|
|
|
|
412,782,114
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Real Estate Management & Development - 0.9%
|
||
|
673,396
|
Zillow Group, Inc. Class C*
|
$55,366,619
|
|
|
|
Semiconductors & Semiconductor Equipment - 17.2%
|
||
|
328,264
|
ARM Holdings PLC ADR*
|
52,374,521
|
|
|
1,366,394
|
Broadcom, Inc.
|
302,342,001
|
|
|
984,683
|
Marvell Technology, Inc.
|
111,131,323
|
|
|
4,724,119
|
NVIDIA Corp.
|
567,224,968
|
|
|
|
|
|
1,033,072,813
|
|
|
Software & Services - 12.1%
|
||
|
86,106
|
AppLovin Corp. Class A*
|
31,823,917
|
|
|
166,627
|
Atlassian Corp. Class A*
|
51,117,831
|
|
|
500,314
|
DocuSign, Inc.*
|
48,395,373
|
|
|
303,962
|
GoDaddy, Inc. Class A*
|
64,637,519
|
|
|
620,208
|
Microsoft Corp.
|
257,423,533
|
|
|
20,599
|
Rubicon Earnout Shares*(1)(2)
|
14
|
|
|
2,197,165
|
Rubicon TRA Placeholder*(1)(2)
|
142,816
|
|
|
236,809
|
Salesforce, Inc.
|
80,917,635
|
|
|
132,838
|
ServiceNow, Inc.*
|
135,279,562
|
|
|
512,400
|
Shopify, Inc. Class A*
|
59,848,320
|
|
|
|
|
|
729,586,520
|
|
|
Technology Hardware & Equipment - 7.9%
|
||
|
1,119,857
|
Apple, Inc.
|
264,286,252
|
|
|
1,313,384
|
Arista Networks, Inc.*
|
151,341,238
|
|
|
1,383,276
|
Flex Ltd.*
|
57,613,446
|
|
|
|
|
|
473,240,936
|
|
|
Transportation - 0.6%
|
||
|
506,611
|
Delta Air Lines, Inc.
|
34,079,722
|
|
|
|
Total Common Stocks
(cost $3,792,047,003)
|
|
$5,972,653,902
|
|
CONVERTIBLE PREFERRED STOCKS - 0.2%
|
|||
|
|
Health Care Equipment & Services - 0.1%
|
||
|
5,668,755
|
Lumeris Group Holdings Corp.*(1)(2)(3)
|
$9,977,009
|
|
|
|
Software & Services - 0.1%
|
||
|
743,470
|
Lookout, Inc. Series F*(1)(2)(3)
|
4,713,600
|
|
|
|
Total Convertible Preferred Stocks
(cost $17,456,734)
|
|
$14,690,609
|
|
|
Total Long-Term Investments
(cost $3,809,503,737)
|
|
$5,987,344,511
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 4,228,909
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 01/31/2025 at 4.34%,
due on 02/03/2025 with a maturity value
of $4,230,438; collateralized by
U.S. Treasury Note at 4.63%, maturing
06/15/2027, with a market value of
$4,313,567
|
$4,228,909
|
|
|
|
Total Short-Term Investments
(cost $4,228,909)
|
$4,228,909
|
|
|
|
Total Investments
(cost $3,813,732,646)
|
99.7
%
|
$5,991,573,420
|
|
|
Other Assets and Liabilities
|
0.3
%
|
17,627,994
|
|
|
Net Assets
|
100.0
%
|
$6,009,201,414
|
|
|
1
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $24,767,977 or 0.4% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
07/2014
|
Lookout, Inc. Series
F Convertible
Preferred
|
743,470
|
$8,492,732
|
$4,713,600
|
|
05/2014
|
Lumeris Group
Holdings Corp.
Convertible
Preferred
|
5,668,755
|
8,964,002
|
9,977,009
|
|
09/2015
|
Rubicon Earnout
Shares
|
20,599
|
—
|
14
|
|
09/2015
|
Rubicon TRA
Placeholder
|
2,197,165
|
—
|
142,816
|
|
11/2013
|
Tory Burch LLC
|
171,581
|
13,447,917
|
9,934,538
|
|
|
|
|
$30,904,651
|
$24,767,977
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Currently no rate available.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$5,972,653,902
|
$5,962,576,534
|
$—
|
$10,077,368
|
|
Convertible Preferred Stocks
|
14,690,609
|
—
|
—
|
14,690,609
|
|
Short-Term Investments
|
4,228,909
|
—
|
4,228,909
|
—
|
|
Total
|
$5,991,573,420
|
$5,962,576,534
|
$4,228,909
|
$24,767,977
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
2
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7%
|
|||
|
|
Automobiles & Components - 1.3%
|
||
|
26,728
|
Modine Manufacturing Co.*
|
$2,711,555
|
|
|
17,834
|
Patrick Industries, Inc.
|
1,732,395
|
|
|
|
|
|
4,443,950
|
|
|
Banks - 1.5%
|
||
|
55,948
|
Synovus Financial Corp.
|
3,156,586
|
|
|
24,426
|
Triumph Financial, Inc.*
|
1,882,268
|
|
|
|
|
|
5,038,854
|
|
|
Capital Goods - 16.9%
|
||
|
18,282
|
Applied Industrial Technologies, Inc.
|
4,753,868
|
|
|
70,214
|
Archer Aviation, Inc. Class A*
|
663,522
|
|
|
63,065
|
AZEK Co., Inc.*
|
3,230,820
|
|
|
15,472
|
AZZ, Inc.
|
1,327,343
|
|
|
69,577
|
Bloom Energy Corp. Class A*
|
1,640,626
|
|
|
12,132
|
Boise Cascade Co.
|
1,530,573
|
|
|
25,438
|
Chart Industries, Inc.*
|
5,382,426
|
|
|
84,469
|
Fluor Corp.*
|
4,072,251
|
|
|
32,429
|
FTAI Aviation Ltd.
|
3,260,087
|
|
|
242,221
|
Hillman Solutions Corp.*
|
2,422,210
|
|
|
28,108
|
JBT Marel Corp.
|
3,738,364
|
|
|
13,628
|
Moog, Inc. Class A
|
2,475,662
|
|
|
9,388
|
MYR Group, Inc.*
|
1,329,059
|
|
|
58,794
|
NEXTracker, Inc. Class A*
|
2,964,394
|
|
|
24,391
|
Primoris Services Corp.
|
1,872,497
|
|
|
74,265
|
Rocket Lab USA, Inc.*
|
2,157,398
|
|
|
53,566
|
Rush Enterprises, Inc. Class A
|
3,254,135
|
|
|
26,551
|
SPX Technologies, Inc.*
|
3,943,355
|
|
|
28,485
|
Tecnoglass, Inc.
|
2,164,860
|
|
|
6,940
|
Valmont Industries, Inc.
|
2,302,414
|
|
|
42,028
|
WillScot Holdings Corp.*
|
1,557,558
|
|
|
|
|
|
56,043,422
|
|
|
Commercial & Professional Services - 5.8%
|
||
|
110,421
|
ACV Auctions, Inc. Class A*
|
2,336,508
|
|
|
4,029
|
CACI International, Inc. Class A*
|
1,556,242
|
|
|
25,323
|
Casella Waste Systems, Inc. Class A*
|
2,723,235
|
|
|
42,788
|
CBIZ, Inc.*
|
3,671,638
|
|
|
12,356
|
Huron Consulting Group, Inc.*
|
1,566,494
|
|
|
41,398
|
Innodata, Inc.*
|
1,535,038
|
|
|
24,210
|
KBR, Inc.
|
1,317,508
|
|
|
173,017
|
Verra Mobility Corp.*
|
4,565,919
|
|
|
|
|
|
19,272,582
|
|
|
Consumer Discretionary Distribution & Retail - 2.4%
|
||
|
19,939
|
Abercrombie & Fitch Co. Class A*
|
2,380,318
|
|
|
13,533
|
Boot Barn Holdings, Inc.*
|
2,176,783
|
|
|
14,848
|
Five Below, Inc.*
|
1,392,445
|
|
|
42,577
|
Wayfair, Inc. Class A*
|
2,059,450
|
|
|
|
|
|
8,008,996
|
|
|
Consumer Durables & Apparel - 3.4%
|
||
|
4,306
|
Cavco Industries, Inc.*
|
2,190,204
|
|
|
12,052
|
Century Communities, Inc.
|
920,532
|
|
|
15,668
|
Installed Building Products, Inc.
|
3,115,425
|
|
|
18,765
|
PVH Corp.
|
1,681,344
|
|
|
46,193
|
Smith Douglas Homes Corp.*
|
1,120,642
|
|
|
61,851
|
YETI Holdings, Inc.*
|
2,304,568
|
|
|
|
|
|
11,332,715
|
|
|
Consumer Services - 2.3%
|
||
|
92,572
|
Sweetgreen, Inc. Class A*
|
3,047,470
|
|
|
4,704
|
Wingstop, Inc.
|
1,401,322
|
|
|
29,613
|
Wyndham Hotels & Resorts, Inc.
|
3,109,957
|
|
|
|
|
|
7,558,749
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7% - (continued)
|
|||
|
|
Consumer Staples Distribution & Retail - 0.9%
|
||
|
19,409
|
Sprouts Farmers Market, Inc.*
|
$3,073,221
|
|
|
|
Energy - 2.3%
|
||
|
33,632
|
Cactus, Inc. Class A
|
2,008,167
|
|
|
11,689
|
Gulfport Energy Corp.*
|
2,086,603
|
|
|
30,465
|
Kodiak Gas Services, Inc.
|
1,425,153
|
|
|
35,944
|
Matador Resources Co.
|
2,084,752
|
|
|
|
|
|
7,604,675
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.9%
|
||
|
71,984
|
CareTrust, Inc. REIT
|
1,907,576
|
|
|
94,743
|
Macerich Co. REIT
|
1,968,760
|
|
|
22,704
|
Ryman Hospitality Properties, Inc. REIT
|
2,380,287
|
|
|
|
|
|
6,256,623
|
|
|
Financial Services - 6.3%
|
||
|
9,514
|
Evercore, Inc. Class A
|
2,771,143
|
|
|
25,091
|
Hamilton Lane, Inc. Class A
|
3,993,985
|
|
|
23,661
|
Mr. Cooper Group, Inc.*
|
2,456,248
|
|
|
98,077
|
Remitly Global, Inc.*
|
2,304,810
|
|
|
71,364
|
StepStone Group, Inc. Class A
|
4,573,005
|
|
|
31,759
|
Stifel Financial Corp.
|
3,679,280
|
|
|
7,141
|
WEX, Inc.*
|
1,313,159
|
|
|
|
|
|
21,091,630
|
|
|
Food, Beverage & Tobacco - 0.9%
|
||
|
19,556
|
Freshpet, Inc.*
|
3,127,982
|
|
|
|
Health Care Equipment & Services - 10.8%
|
||
|
36,125
|
Acadia Healthcare Co., Inc.*
|
1,629,599
|
|
|
43,539
|
AtriCure, Inc.*
|
1,735,900
|
|
|
9,962
|
Encompass Health Corp.
|
988,928
|
|
|
32,504
|
Ensign Group, Inc.
|
4,539,509
|
|
|
22,381
|
Glaukos Corp.*
|
3,501,284
|
|
|
26,566
|
Haemonetics Corp.*
|
1,834,382
|
|
|
27,931
|
HealthEquity, Inc.*
|
3,084,141
|
|
|
111,358
|
Hims & Hers Health, Inc.*
|
4,151,426
|
|
|
3,646
|
Inspire Medical Systems, Inc.*
|
705,501
|
|
|
18,601
|
iRhythm Technologies, Inc.*
|
2,024,719
|
|
|
23,953
|
Lantheus Holdings, Inc.*
|
2,215,892
|
|
|
25,471
|
Merit Medical Systems, Inc.*
|
2,773,282
|
|
|
81,835
|
Option Care Health, Inc.*
|
2,530,338
|
|
|
21,293
|
PROCEPT BioRobotics Corp.*
|
1,543,742
|
|
|
38,432
|
RadNet, Inc.*
|
2,516,143
|
|
|
|
|
|
35,774,786
|
|
|
Household & Personal Products - 2.2%
|
||
|
44,581
|
BellRing Brands, Inc.*
|
3,448,340
|
|
|
26,828
|
Interparfums, Inc.
|
3,783,285
|
|
|
|
|
|
7,231,625
|
|
|
Insurance - 0.7%
|
||
|
11,500
|
SiriusPoint Ltd.*
|
167,440
|
|
|
1,063
|
White Mountains Insurance Group Ltd.
|
2,054,205
|
|
|
|
|
|
2,221,645
|
|
|
Materials - 4.1%
|
||
|
39,092
|
ATI, Inc.*
|
2,231,762
|
|
|
63,578
|
Axalta Coating Systems Ltd.*
|
2,284,993
|
|
|
39,721
|
Cabot Corp.
|
3,434,675
|
|
|
10,561
|
Carpenter Technology Corp.
|
2,038,907
|
|
|
36,055
|
Commercial Metals Co.
|
1,748,307
|
|
|
33,003
|
FMC Corp.
|
1,840,907
|
|
|
|
|
|
13,579,551
|
|
|
Media & Entertainment - 0.4%
|
||
|
36,201
|
Cargurus, Inc.*
|
1,419,079
|
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7% - (continued)
|
|||
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 14.3%
|
||
|
29,259
|
Akero Therapeutics, Inc.*
|
$1,582,327
|
|
|
143,187
|
Amicus Therapeutics, Inc.*
|
1,371,732
|
|
|
23,726
|
Apellis Pharmaceuticals, Inc.*
|
688,291
|
|
|
19,093
|
Apogee Therapeutics, Inc.*
|
789,687
|
|
|
59,690
|
Avidity Biosciences, Inc.*
|
1,965,592
|
|
|
19,808
|
Axsome Therapeutics, Inc.*
|
2,108,760
|
|
|
9,085
|
Biohaven Ltd.*
|
347,501
|
|
|
26,414
|
Blueprint Medicines Corp.*
|
2,972,368
|
|
|
57,912
|
Celldex Therapeutics, Inc.*
|
1,418,265
|
|
|
60,904
|
Crinetics Pharmaceuticals, Inc.*
|
2,454,431
|
|
|
155,768
|
Cytek Biosciences, Inc.*
|
802,205
|
|
|
23,953
|
Cytokinetics, Inc.*
|
1,184,715
|
|
|
35,471
|
Denali Therapeutics, Inc.*
|
826,474
|
|
|
22,114
|
Disc Medicine, Inc.*
|
1,233,961
|
|
|
428,816
|
Geron Corp.*
|
1,230,702
|
|
|
18,554
|
Insmed, Inc.*
|
1,420,865
|
|
|
30,611
|
Ionis Pharmaceuticals, Inc.*
|
976,491
|
|
|
17,627
|
Janux Therapeutics, Inc.*
|
766,422
|
|
|
31,945
|
Kymera Therapeutics, Inc.*
|
1,264,703
|
|
|
36,010
|
MBX Biosciences, Inc.*(1)
|
360,460
|
|
|
41,051
|
Nurix Therapeutics, Inc.*
|
809,115
|
|
|
13,361
|
Nuvalent, Inc. Class A*
|
1,146,507
|
|
|
25,146
|
Protagonist Therapeutics, Inc.*
|
950,519
|
|
|
35,999
|
PTC Therapeutics, Inc.*
|
1,651,634
|
|
|
48,434
|
Revolution Medicines, Inc.*
|
2,080,240
|
|
|
86,126
|
Rocket Pharmaceuticals, Inc.*
|
924,993
|
|
|
37,067
|
Scholar Rock Holding Corp.*
|
1,496,766
|
|
|
19,445
|
Soleno Therapeutics, Inc.*
|
976,722
|
|
|
29,221
|
Spyre Therapeutics, Inc.*
|
671,791
|
|
|
21,983
|
Structure Therapeutics, Inc. ADR*
|
658,831
|
|
|
14,082
|
Twist Bioscience Corp.*
|
737,474
|
|
|
21,173
|
Ultragenyx Pharmaceutical, Inc.*
|
911,074
|
|
|
38,800
|
Vaxcyte, Inc.*
|
3,426,816
|
|
|
38,276
|
Veracyte, Inc.*
|
1,740,793
|
|
|
26,728
|
Vericel Corp.*
|
1,564,657
|
|
|
37,138
|
Verona Pharma PLC ADR*
|
2,128,007
|
|
|
|
|
|
47,641,891
|
|
|
Semiconductors & Semiconductor Equipment - 4.8%
|
||
|
18,131
|
Cirrus Logic, Inc.*
|
1,821,078
|
|
|
48,127
|
Credo Technology Group Holding Ltd.*
|
3,369,852
|
|
|
44,386
|
FormFactor, Inc.*
|
1,777,659
|
|
|
25,068
|
MKS Instruments, Inc.
|
2,839,703
|
|
|
28,364
|
Power Integrations, Inc.
|
1,767,644
|
|
|
37,472
|
Rambus, Inc.*
|
2,309,025
|
|
|
32,234
|
Semtech Corp.*
|
2,158,389
|
|
|
|
|
|
16,043,350
|
|
|
Software & Services - 11.2%
|
||
|
18,176
|
Agilysys, Inc.*
|
1,639,839
|
|
|
6,290
|
Appfolio, Inc. Class A*
|
1,471,294
|
|
|
103,736
|
Aurora Innovation, Inc.*
|
705,405
|
|
|
131,674
|
AvePoint, Inc.*
|
2,472,838
|
|
|
21,414
|
Bill Holdings, Inc.*
|
2,072,233
|
|
|
3,610
|
Blackbaud, Inc.*
|
278,512
|
|
|
206,675
|
CCC Intelligent Solutions Holdings, Inc.*
|
2,296,159
|
|
|
107,621
|
Clearwater Analytics Holdings, Inc. Class A*
|
3,030,607
|
|
|
102,093
|
Grid Dynamics Holdings, Inc.*
|
2,306,281
|
|
|
11,765
|
Guidewire Software, Inc.*
|
2,485,592
|
|
|
65,344
|
Informatica, Inc. Class A*
|
1,678,034
|
|
|
49,698
|
Intapp, Inc.*
|
3,542,970
|
|
|
180,302
|
Jamf Holding Corp.*
|
2,724,363
|
|
|
74,965
|
MARA Holdings, Inc.*
|
1,374,858
|
|
|
23,853
|
Pegasystems, Inc.
|
2,583,041
|
|
|
31,175
|
Sprout Social, Inc. Class A*
|
1,018,487
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7% - (continued)
|
|||
|
|
Software & Services - 11.2% - (continued)
|
||
|
12,787
|
SPS Commerce, Inc.*
|
$2,361,503
|
|
|
233,251
|
Terawulf, Inc.*
|
1,112,607
|
|
|
33,436
|
Varonis Systems, Inc.*
|
1,516,657
|
|
|
21,717
|
Verint Systems, Inc.*
|
551,178
|
|
|
|
|
|
37,222,458
|
|
|
Technology Hardware & Equipment - 3.5%
|
||
|
18,982
|
ePlus, Inc.*
|
1,516,662
|
|
|
7,003
|
Fabrinet*
|
1,514,119
|
|
|
13,533
|
Insight Enterprises, Inc.*
|
2,337,826
|
|
|
45,746
|
Napco Security Technologies, Inc.
|
1,678,878
|
|
|
12,435
|
Novanta, Inc.*
|
1,861,022
|
|
|
13,800
|
PAR Technology Corp.*
|
1,001,742
|
|
|
141,500
|
Viavi Solutions, Inc.*
|
1,703,660
|
|
|
|
|
|
11,613,909
|
|
|
Transportation - 0.8%
|
||
|
46,500
|
Knight-Swift Transportation Holdings, Inc.
|
2,654,685
|
|
|
|
Total Common Stocks
(cost $244,785,237)
|
|
$328,256,378
|
|
EXCHANGE-TRADED FUNDS - 1.2%
|
|||
|
|
Other Investment Pools & Funds - 1.2%
|
||
|
13,694
|
iShares Russell 2000 Growth ETF (1)
|
$4,065,886
|
|
|
|
Total Exchange-Traded Funds
(cost $4,086,161)
|
|
$4,065,886
|
|
|
Total Long-Term Investments
(cost $248,871,398)
|
|
$332,322,264
|
|
SHORT-TERM INVESTMENTS - 1.1%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 619,984
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 01/31/2025 at 4.34%, due
on 02/03/2025 with a maturity value of
$620,208; collateralized by U.S. Treasury
Note at 4.63%, maturing 06/15/2027, with a
market value of $632,503
|
$619,984
|
|
|
|
Securities Lending Collateral - 0.9%
|
||
|
464,662
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.31%(2)
|
464,662
|
|
|
1,548,874
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.31%(2)
|
1,548,874
|
|
|
464,662
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.31%(2)
|
464,662
|
|
|
464,662
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class,
4.31%(2)
|
464,662
|
|
|
|
|
|
2,942,860
|
|
|
Total Short-Term Investments
(cost $3,562,844)
|
$3,562,844
|
|
|
|
Total Investments
(cost $252,434,242)
|
101.0
%
|
$335,885,108
|
|
|
Other Assets and Liabilities
|
(1.0
)%
|
(3,193,137
)
|
|
|
Net Assets
|
100.0
%
|
$332,691,971
|
|
|
4
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(2)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$328,256,378
|
$328,256,378
|
$—
|
$—
|
|
Exchange-Traded Funds
|
4,065,886
|
4,065,886
|
—
|
—
|
|
Short-Term Investments
|
3,562,844
|
2,942,860
|
619,984
|
—
|
|
Total
|
$335,885,108
|
$335,265,124
|
$619,984
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 90.0%
|
|||
|
|
Automobiles & Components - 5.4%
|
||
|
25,500
|
Changzhou Xingyu Automotive Lighting Systems Co. Ltd.
Class A
|
$463,171
|
|
|
9,800
|
Fuyao Glass Industry Group Co. Ltd. Class A
|
80,699
|
|
|
65,686
|
Zhejiang Shuanghuan Driveline Co. Ltd. Class A
|
316,795
|
|
|
|
|
|
860,665
|
|
|
Banks - 8.2%
|
||
|
119,900
|
Bank of Hangzhou Co. Ltd. Class A
|
244,224
|
|
|
150,692
|
Bank of Ningbo Co. Ltd. Class A
|
548,957
|
|
|
90,333
|
China Merchants Bank Co. Ltd. Class A
|
507,520
|
|
|
|
|
|
1,300,701
|
|
|
Capital Goods - 20.4%
|
||
|
21,640
|
Contemporary Amperex Technology Co. Ltd. Class A
|
771,561
|
|
|
17,454
|
Goneo Group Co. Ltd. Class A
|
171,594
|
|
|
72,005
|
Hangcha Group Co. Ltd. Class A
|
191,158
|
|
|
23,254
|
Hangzhou Honghua Digital Technology Stock Co. Ltd.
Class A
|
222,564
|
|
|
67,140
|
Hongfa Technology Co. Ltd. Class A
|
319,306
|
|
|
30,700
|
Jiangsu Hengli Hydraulic Co. Ltd. Class A
|
263,016
|
|
|
18,076
|
Ningbo Orient Wires & Cables Co. Ltd. Class A
|
131,755
|
|
|
34,103
|
Shenzhen Envicool Technology Co. Ltd. Class A
|
192,060
|
|
|
14,700
|
Sieyuan Electric Co. Ltd. Class A
|
163,736
|
|
|
281,800
|
Sinoma International Engineering Co. Class A
|
371,968
|
|
|
22,200
|
Sinoseal Holding Co. Ltd. Class A
|
111,170
|
|
|
28,417
|
Xi'an Bright Laser Technologies Co. Ltd. Class A
|
195,134
|
|
|
30,900
|
Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A
|
130,548
|
|
|
|
|
|
3,235,570
|
|
|
Consumer Durables & Apparel - 3.1%
|
||
|
112,700
|
Hangzhou Robam Appliances Co. Ltd. Class A
|
325,569
|
|
|
16,100
|
Midea Group Co. Ltd. Class A
|
164,273
|
|
|
|
|
|
489,842
|
|
|
Energy - 0.7%
|
||
|
59,400
|
PetroChina Co. Ltd. Class A
|
67,813
|
|
|
6,800
|
Yantai Jereh Oilfield Services Group Co. Ltd. Class A
|
38,941
|
|
|
|
|
|
106,754
|
|
|
Financial Services - 1.0%
|
||
|
65,400
|
Huatai Securities Co. Ltd. Class A
|
153,641
|
|
|
|
Food, Beverage & Tobacco - 3.9%
|
||
|
14,400
|
Anjoy Foods Group Co. Ltd. Class A
|
150,146
|
|
|
68,995
|
Chacha Food Co. Ltd. Class A
|
260,520
|
|
|
245
|
Kweichow Moutai Co. Ltd. Class A
|
48,677
|
|
|
29,300
|
Muyuan Foods Co. Ltd. Class A
|
150,739
|
|
|
|
|
|
610,082
|
|
|
Health Care Equipment & Services - 5.9%
|
||
|
11,842
|
iRay Technology Co. Ltd. Class A
|
166,922
|
|
|
39,889
|
Micro-Tech Nanjing Co. Ltd. Class A
|
384,218
|
|
|
58,773
|
Qingdao Haier Biomedical Co. Ltd. Class A
|
260,325
|
|
|
2,991
|
Shanghai United Imaging Healthcare Co. Ltd. Class A
|
51,417
|
|
|
2,100
|
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Class A
|
67,537
|
|
|
|
|
|
930,419
|
|
|
Household & Personal Products - 0.1%
|
||
|
1,500
|
Proya Cosmetics Co. Ltd. Class A
|
17,386
|
|
|
|
Insurance - 5.0%
|
||
|
112,400
|
Ping An Insurance Group Co. of China Ltd. Class A
|
791,386
|
|
|
|
Materials - 17.5%
|
||
|
163,400
|
China Jushi Co. Ltd. Class A
|
255,109
|
|
|
166,414
|
Citic Pacific Special Steel Group Co. Ltd. Class A
|
267,497
|
|
|
136,000
|
Hubei Dinglong Co. Ltd. Class A*
|
485,524
|
|
|
55,300
|
LB Group Co. Ltd. Class A
|
138,590
|
|
|
167,846
|
Satellite Chemical Co. Ltd. Class A
|
464,210
|
|
|
125,000
|
Shandong Sinocera Functional Material Co. Ltd. Class A
|
293,899
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 90.0% - (continued)
|
|||
|
|
Materials - 17.5% - (continued)
|
||
|
16,900
|
Wanhua Chemical Group Co. Ltd. Class A
|
$159,996
|
|
|
53,811
|
Western Superconducting Technologies Co. Ltd. Class A
|
318,195
|
|
|
35,300
|
Yunnan Aluminium Co. Ltd. Class A
|
80,735
|
|
|
137,057
|
Zijin Mining Group Co. Ltd. Class A
|
309,923
|
|
|
|
|
|
2,773,678
|
|
|
Media & Entertainment - 2.9%
|
||
|
121,500
|
Mango Excellent Media Co. Ltd. Class A
|
466,558
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 3.5%
|
||
|
79,900
|
Amoy Diagnostics Co. Ltd. Class A
|
229,858
|
|
|
27,266
|
Shanghai Haoyuan Chemexpress Co. Ltd. Class A
|
144,210
|
|
|
24,360
|
WuXi AppTec Co. Ltd. Class A
|
186,330
|
|
|
|
|
|
560,398
|
|
|
Real Estate Management & Development - 2.0%
|
||
|
273,744
|
Poly Developments & Holdings Group Co. Ltd. Class A
|
315,318
|
|
|
|
Software & Services - 1.1%
|
||
|
107,980
|
Glodon Co. Ltd. Class A
|
174,786
|
|
|
|
Technology Hardware & Equipment - 7.4%
|
||
|
81,600
|
Chaozhou Three-Circle Group Co. Ltd. Class A
|
426,411
|
|
|
91,059
|
Shenzhen Sunlord Electronics Co. Ltd. Class A
|
385,944
|
|
|
9,500
|
Victory Giant Technology Huizhou Co. Ltd. Class A
|
70,587
|
|
|
93,900
|
Zhejiang Crystal-Optech Co. Ltd. Class A
|
284,456
|
|
|
|
|
|
1,167,398
|
|
|
Utilities - 1.9%
|
||
|
603,000
|
CGN Power Co. Ltd. Class A
|
306,705
|
|
|
|
Total Common Stocks
(cost $14,735,236)
|
|
$14,261,287
|
|
WARRANTS - 5.7%(1)
|
|||
|
|
Household & Personal Products - 3.1%
|
||
|
48,470
|
Ninebot Ltd. Expires 8/25/2025*
|
$342,547
|
|
|
11,843
|
Proya Cosmetics Co. Ltd. Expires 04/18/2025*
|
136,289
|
|
|
|
|
|
478,836
|
|
|
Technology Hardware & Equipment - 2.6%
|
||
|
40,394
|
Huaqin Technology Co. Ltd. Expires 04/08/2025*
|
414,307
|
|
|
|
Total Warrants
(cost $788,232)
|
|
$893,143
|
|
|
Total Long-Term Investments
(cost $15,523,468)
|
|
$15,154,430
|
|
|
Total Investments
(cost $15,523,468)
|
95.7
%
|
$15,154,430
|
|
|
Other Assets and Liabilities
|
4.3
%
|
688,710
|
|
|
Net Assets
|
100.0
%
|
$15,843,140
|
|
|
6
|
|
|
*
|
Non-income producing.
|
|
(1)
|
“Warrants” refers to non-standard warrants and participatory notes.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$14,261,287
|
$—
|
$14,261,287
|
$—
|
|
Warrants
|
893,143
|
—
|
893,143
|
—
|
|
Total
|
$15,154,430
|
$—
|
$15,154,430
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
7
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.5%
|
|||
|
|
Asset-Backed - Automobile - 3.4%
|
||
|
$ 385,000
|
BMW Vehicle Owner Trust 5.18%, 02/26/2029
|
$389,015
|
|
|
428,222
|
Chase Auto Owner Trust 5.13%, 05/25/2029(1)
|
431,981
|
|
|
539,000
|
GM Financial Consumer Automobile Receivables
Trust 5.10%, 03/16/2029
|
543,488
|
|
|
222,000
|
Honda Auto Receivables Owner Trust 5.27%,
11/20/2028
|
224,626
|
|
|
753,000
|
Toyota Auto Receivables Owner Trust 5.33%,
01/16/2029
|
762,674
|
|
|
|
|
|
2,351,784
|
|
|
Other Asset-Backed Securities - 1.0%
|
||
|
486,000
|
Cedar Funding VI CLO Ltd. 5.60%, 04/20/2034,
3 mo. USD Term SOFR + 1.31%(1)(2)
|
486,009
|
|
|
222,049
|
Dewolf Park CLO Ltd. 5.48%, 10/15/2030, 3 mo.
USD Term SOFR + 1.18%(1)(2)
|
222,332
|
|
|
|
|
|
708,341
|
|
|
Whole Loan Collateral CMO - 0.1%
|
||
|
|
Towd Point Mortgage Trust
|
|
|
|
23,506
|
2.75%, 06/25/2057(1)(3)
|
22,817
|
|
|
3,573
|
2.75%, 07/25/2057(1)(3)
|
3,555
|
|
|
|
|
|
26,372
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $3,062,272)
|
$3,086,497
|
|
|
CORPORATE BONDS - 39.8%
|
|||
|
|
Auto Manufacturers - 3.0%
|
||
|
383,000
|
Ford Motor Credit Co. LLC 6.80%, 11/07/2028
|
$397,705
|
|
|
|
General Motors Financial Co., Inc.
|
|
|
|
266,000
|
1.50%, 06/10/2026
|
254,423
|
|
|
169,000
|
5.60%, 06/18/2031
|
169,412
|
|
|
112,000
|
5.75%, 02/08/2031
|
113,558
|
|
|
249,000
|
5.95%, 04/04/2034
|
249,715
|
|
|
554,000
|
Hyundai Capital America 1.50%, 06/15/2026(1)
|
529,747
|
|
|
371,000
|
Mercedes-Benz Finance North America LLC
4.85%, 01/11/2029(1)
|
369,007
|
|
|
|
|
|
2,083,567
|
|
|
Auto Parts & Equipment - 0.7%
|
||
|
|
Magna International, Inc.
|
|
|
|
27,000
|
4.15%, 10/01/2025
|
26,929
|
|
|
460,000
|
5.98%, 03/21/2026
|
459,974
|
|
|
|
|
|
486,903
|
|
|
Beverages - 1.1%
|
||
|
620,000
|
Bacardi Ltd./Bacardi-Martini BV 5.40%,
06/15/2033(1)
|
605,176
|
|
|
163,000
|
Bacardi-Martini BV 6.00%, 02/01/2035(1)
|
165,198
|
|
|
|
|
|
770,374
|
|
|
Commercial Banks - 15.5%
|
||
|
|
AIB Group PLC
|
|
|
|
331,000
|
5.87%, 03/28/2035, (5.87% fixed rate until
03/28/2034; 6 mo. USD SOFR + 1.91%
thereafter)(1)(4)
|
333,777
|
|
|
320,000
|
6.61%, 09/13/2029, (6.61% fixed rate until
09/13/2028; 6 mo. USD SOFR + 2.33%
thereafter)(1)(4)
|
335,378
|
|
|
|
Bank of America Corp.
|
|
|
|
424,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(4)
|
367,880
|
|
|
367,000
|
3.25%, 10/21/2027
|
354,378
|
|
|
284,000
|
3.85%, 03/08/2037, (3.85% fixed rate until
03/08/2032; 5 yr. USD CMT + 2.00%
thereafter)(4)
|
252,433
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 39.8% - (continued)
|
|||
|
|
Commercial Banks - 15.5% - (continued)
|
||
|
$ 227,000
|
5.08%, 01/20/2027, (5.08% fixed rate until
01/20/2026; 6 mo. USD SOFR + 1.29%
thereafter)(4)
|
$227,681
|
|
|
302,000
|
Barclays PLC 6.50%, 09/13/2027, (6.50% fixed
rate until 09/13/2026; 6 mo. USD SOFR +
1.88% thereafter)(4)
|
309,176
|
|
|
572,000
|
Citibank NA 5.80%, 09/29/2028
|
591,324
|
|
|
|
Citigroup, Inc.
|
|
|
|
333,000
|
3.20%, 10/21/2026
|
324,870
|
|
|
222,000
|
5.41%, 09/19/2039, (5.41% fixed rate until
09/19/2034; 5 yr. USD CMT + 1.73%
thereafter)(4)
|
211,696
|
|
|
303,000
|
6.02%, 01/24/2036, (6.02% fixed rate until
01/24/2035; 6 mo. USD SOFR + 1.83%
thereafter)(4)
|
304,196
|
|
|
228,000
|
Danske Bank AS 5.71%, 03/01/2030, (5.71% fixed
rate until 03/01/2029; 1 yr. USD CMT + 1.40%
thereafter)(1)(4)
|
232,449
|
|
|
273,000
|
Deutsche Bank AG 5.41%, 05/10/2029
|
277,352
|
|
|
314,000
|
Intesa Sanpaolo SpA 7.20%, 11/28/2033(1)
|
343,637
|
|
|
654,000
|
JP Morgan Chase & Co. 5.58%, 04/22/2030,
(5.58% fixed rate until 04/22/2029; 6 mo. USD
SOFR + 1.16% thereafter)(4)
|
667,843
|
|
|
|
Lloyds Banking Group PLC
|
|
|
|
544,000
|
1.63%, 05/11/2027, (1.63% fixed rate until
05/11/2026; 1 yr. USD CMT + 0.85%
thereafter)(4)
|
522,333
|
|
|
280,000
|
2.44%, 02/05/2026, (2.44% fixed rate until
02/05/2025; 1 yr. USD CMT + 1.00%
thereafter)(4)
|
279,964
|
|
|
390,000
|
Macquarie Group Ltd. 1.63%, 09/23/2027, (1.63%
fixed rate until 09/23/2026; 6 mo. USD SOFR +
0.91% thereafter)(1)(4)
|
370,195
|
|
|
|
Morgan Stanley
|
|
|
|
206,000
|
5.12%, 02/01/2029, (5.12% fixed rate until
02/01/2028; 6 mo. USD SOFR + 1.73%
thereafter)(4)
|
207,193
|
|
|
130,000
|
5.30%, 04/20/2037, (5.30% fixed rate until
04/20/2032; 6 mo. USD SOFR + 2.62%
thereafter)(4)
|
126,888
|
|
|
390,000
|
National Securities Clearing Corp. 5.00%,
05/30/2028(1)
|
392,903
|
|
|
|
NatWest Group PLC
|
|
|
|
386,000
|
3.07%, 05/22/2028, (3.07% fixed rate until
05/22/2027; 1 yr. USD CMT + 2.55%
thereafter)(4)
|
370,484
|
|
|
282,000
|
7.47%, 11/10/2026, (7.47% fixed rate until
11/10/2025; 1 yr. USD CMT + 2.85%
thereafter)(4)
|
287,489
|
|
|
|
PNC Financial Services Group, Inc.
|
|
|
|
234,000
|
5.58%, 01/29/2036, (5.58% fixed rate until
01/29/2035; 6 mo. USD SOFR + 1.39%
thereafter)(4)
|
235,161
|
|
|
177,000
|
5.94%, 08/18/2034, (5.94% fixed rate until
08/18/2033; 6 mo. USD SOFR + 1.95%
thereafter)(4)
|
182,663
|
|
|
140,000
|
6.88%, 10/20/2034, (6.88% fixed rate until
10/20/2033; 6 mo. USD SOFR + 2.28%
thereafter)(4)
|
153,398
|
|
|
352,000
|
Santander U.K. Group Holdings PLC 1.67%,
06/14/2027, (1.67% fixed rate until 06/14/2026;
6 mo. USD SOFR + 0.99% thereafter)(4)
|
336,171
|
|
|
686,000
|
Societe Generale SA 6.10%, 04/13/2033, (6.10%
fixed rate until 04/13/2032; 1 yr. USD CMT +
1.60% thereafter)(1)(4)
|
692,057
|
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 39.8% - (continued)
|
|||
|
|
Commercial Banks - 15.5% - (continued)
|
||
|
|
U.S. Bancorp
|
|
|
|
$ 108,000
|
5.38%, 01/23/2030, (5.38% fixed rate until
01/23/2029; 6 mo. USD SOFR + 1.56%
thereafter)(4)
|
$109,398
|
|
|
82,000
|
5.84%, 06/12/2034, (5.84% fixed rate until
06/10/2033; 6 mo. USD SOFR + 2.26%
thereafter)(4)
|
83,811
|
|
|
|
Wells Fargo & Co.
|
|
|
|
364,000
|
2.39%, 06/02/2028, (2.39% fixed rate until
06/02/2027; 6 mo. USD SOFR + 2.10%
thereafter)(4)
|
344,104
|
|
|
248,000
|
5.21%, 12/03/2035, (5.21% fixed rate until
12/03/2034; 6 mo. USD SOFR + 1.38%
thereafter)(4)
|
242,618
|
|
|
527,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(4)
|
536,930
|
|
|
|
|
|
10,607,830
|
|
|
Construction Materials - 0.8%
|
||
|
564,000
|
CRH America Finance, Inc. 5.50%, 01/09/2035
|
567,490
|
|
|
|
Diversified Financial Services - 1.3%
|
||
|
222,000
|
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust 3.30%, 01/30/2032
|
194,728
|
|
|
161,000
|
Aircastle Ltd./Aircastle Ireland DAC 5.75%,
10/01/2031(1)
|
162,314
|
|
|
401,000
|
Avolon Holdings Funding Ltd. 5.75%, 11/15/2029(1)
|
405,847
|
|
|
100,000
|
MMH Master LLC 6.38%, 02/01/2034(1)
|
99,357
|
|
|
|
|
|
862,246
|
|
|
Electric - 3.7%
|
||
|
603,000
|
Ameren Missouri Securitization Funding I LLC
4.85%, 10/01/2041
|
590,068
|
|
|
309,000
|
Duke Energy Corp. 2.45%, 06/01/2030
|
271,818
|
|
|
|
Enel Finance International NV
|
|
|
|
506,000
|
2.13%, 07/12/2028(1)(5)
|
460,782
|
|
|
205,000
|
5.50%, 06/26/2034(1)
|
202,461
|
|
|
514,000
|
Public Service Enterprise Group, Inc. 1.60%,
08/15/2030
|
429,164
|
|
|
575,000
|
Swepco Storm Recovery Funding LLC 4.88%,
09/01/2041
|
562,162
|
|
|
|
|
|
2,516,455
|
|
|
Entertainment - 0.4%
|
||
|
|
Warnermedia Holdings, Inc.
|
|
|
|
192,000
|
4.28%, 03/15/2032
|
169,537
|
|
|
165,000
|
5.05%, 03/15/2042
|
132,797
|
|
|
|
|
|
302,334
|
|
|
Hand/Machine Tools - 0.2%
|
||
|
146,000
|
Regal Rexnord Corp. 6.40%, 04/15/2033
|
151,082
|
|
|
|
Healthcare - Products - 0.6%
|
||
|
|
Stryker Corp.
|
|
|
|
188,000
|
4.25%, 09/11/2029
|
183,645
|
|
|
226,000
|
5.20%, 02/10/2035
|
224,476
|
|
|
|
|
|
408,121
|
|
|
Healthcare - Services - 1.0%
|
||
|
183,000
|
Adventist Health System 5.76%, 12/01/2034
|
184,411
|
|
|
174,000
|
Cigna Group 4.38%, 10/15/2028
|
170,990
|
|
|
135,000
|
Orlando Health Obligated Group 5.48%,
10/01/2035
|
136,652
|
|
|
170,000
|
UnitedHealth Group, Inc. 5.15%, 07/15/2034
|
168,002
|
|
|
|
|
|
660,055
|
|
|
Insurance - 2.3%
|
||
|
2,000
|
Aflac, Inc. 6.45%, 08/15/2040
|
2,157
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 39.8% - (continued)
|
|||
|
|
Insurance - 2.3% - (continued)
|
||
|
$ 258,000
|
Equitable Financial Life Global Funding 1.40%,
08/27/2027(1)
|
$237,017
|
|
|
805,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
792,345
|
|
|
207,000
|
Lincoln Financial Global Funding 5.30%,
01/13/2030(1)
|
208,990
|
|
|
|
Metropolitan Life Global Funding I
|
|
|
|
150,000
|
2.40%, 01/11/2032(1)
|
125,907
|
|
|
175,000
|
5.15%, 03/28/2033(1)
|
173,431
|
|
|
|
|
|
1,539,847
|
|
|
Machinery-Diversified - 0.2%
|
||
|
128,000
|
AGCO Corp. 5.80%, 03/21/2034
|
128,496
|
|
|
|
Media - 0.3%
|
||
|
229,000
|
Discovery Communications LLC 3.63%,
05/15/2030
|
204,734
|
|
|
|
Mining - 0.3%
|
||
|
200,000
|
Corp. Nacional del Cobre de Chile 6.33%,
01/13/2035(1)
|
202,900
|
|
|
|
Oil & Gas - 0.7%
|
||
|
237,000
|
Diamondback Energy, Inc. 5.40%, 04/18/2034
|
233,572
|
|
|
270,000
|
Expand Energy Corp. 5.70%, 01/15/2035
|
266,266
|
|
|
|
|
|
499,838
|
|
|
Pharmaceuticals - 1.3%
|
||
|
286,000
|
Cencora, Inc. 5.15%, 02/15/2035
|
279,343
|
|
|
|
CVS Health Corp.
|
|
|
|
124,000
|
4.30%, 03/25/2028
|
121,076
|
|
|
492,000
|
5.40%, 06/01/2029
|
495,357
|
|
|
|
|
|
895,776
|
|
|
Pipelines - 1.1%
|
||
|
67,000
|
Columbia Pipelines Operating Co. LLC 5.93%,
08/15/2030(1)
|
69,133
|
|
|
260,000
|
Enbridge, Inc. 5.30%, 04/05/2029
|
262,169
|
|
|
442,000
|
Energy Transfer LP 5.60%, 09/01/2034
|
439,360
|
|
|
|
|
|
770,662
|
|
|
Real Estate Investment Trusts - 3.3%
|
||
|
212,000
|
American Tower Corp. 2.40%, 03/15/2025
|
211,394
|
|
|
400,000
|
Boston Properties LP 3.40%, 06/21/2029
|
369,562
|
|
|
55,000
|
Cousins Properties LP 5.38%, 02/15/2032
|
54,208
|
|
|
574,000
|
Crown Castle, Inc. 2.10%, 04/01/2031
|
479,162
|
|
|
415,000
|
GLP Capital LP/GLP Financing II, Inc. 5.63%,
09/15/2034
|
407,383
|
|
|
166,000
|
Highwoods Realty LP 7.65%, 02/01/2034
|
184,119
|
|
|
100,000
|
Kilroy Realty LP 6.25%, 01/15/2036
|
98,529
|
|
|
240,000
|
Phillips Edison Grocery Center Operating
Partnership I LP 5.75%, 07/15/2034
|
240,865
|
|
|
|
Prologis Targeted U.S. Logistics Fund LP
|
|
|
|
72,000
|
5.25%, 04/01/2029(1)
|
72,733
|
|
|
169,000
|
5.50%, 04/01/2034(1)
|
169,005
|
|
|
|
|
|
2,286,960
|
|
|
Telecommunications - 2.0%
|
||
|
443,000
|
AT&T, Inc. 1.65%, 02/01/2028
|
405,073
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
390,000
|
3.88%, 04/15/2030
|
368,652
|
|
|
323,000
|
5.05%, 07/15/2033
|
316,362
|
|
|
57,000
|
5.75%, 01/15/2034
|
58,552
|
|
|
241,000
|
Verizon Communications, Inc. 4.33%, 09/21/2028
|
237,734
|
|
|
|
|
|
1,386,373
|
|
|
Total Corporate Bonds
(cost $27,259,391)
|
$27,332,043
|
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 0.7%
|
|||
|
|
Mexico - 0.7%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
$ 237,000
|
6.88%, 05/13/2037
|
$238,265
|
|
|
238,000
|
7.38%, 05/13/2055
|
239,830
|
|
|
|
Total Foreign Government Obligations
(cost $476,941)
|
|
$478,095
|
|
MUNICIPAL BONDS - 8.6%
|
|||
|
|
Single Family Housing - 5.7%
|
||
|
100,000
|
Florida Housing Finance Corp., FL, Rev, (FHLMC),
(FNMA), (GNMA) 6.25%, 01/01/2055
|
$103,232
|
|
|
|
Illinois Housing Dev Auth, IL, Rev, (FHLMC),
(FNMA), (GNMA)
|
|
|
|
485,000
|
6.00%, 04/01/2054
|
494,709
|
|
|
1,075,000
|
(FHLMC), (FNMA), (GNMA) 6.25, 10/01/2054,
|
1,110,379
|
|
|
|
Indiana Housing & Community Dev Auth, IN, Rev,
(FHLMC), (FNMA), (GNMA)
|
|
|
|
100,000
|
6.00%, 07/01/2054
|
100,893
|
|
|
100,000
|
6.00%, 07/01/2055(6)
|
102,990
|
|
|
100,000
|
6.25%, 01/01/2054
|
103,352
|
|
|
120,000
|
6.25%, 07/01/2054
|
123,805
|
|
|
405,000
|
Iowa Finance Auth, IA, Rev, (FHLMC), (FNMA),
(GNMA) 6.25, 07/01/2054,
|
418,126
|
|
|
|
Nebraska Investment Finance Auth, NE, Rev,
(FHLMC), (FNMA), (GNMA)
|
|
|
|
100,000
|
6.25%, 09/01/2047
|
103,172
|
|
|
100,000
|
6.25%, 09/01/2049
|
101,319
|
|
|
455,000
|
Nevada Housing Division, NV, Rev, (FHLMC),
(FNMA), (GNMA) 6.25%, 10/01/2054
|
468,889
|
|
|
660,000
|
Texas Department of Housing & Community
Affairs, TX, Rev, (GNMA) 6.00, 01/01/2054,
|
674,761
|
|
|
|
|
|
3,905,627
|
|
|
Student Loan - 0.4%
|
||
|
|
New Hampshire Health & Education Facs Auth
Act, NH, Rev
|
|
|
|
165,000
|
5.04%, 11/01/2034
|
159,677
|
|
|
105,000
|
5.34%, 11/01/2044
|
93,622
|
|
|
|
|
|
253,299
|
|
|
Tobacco - 1.6%
|
||
|
1,185,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 3.00%, 06/01/2046
|
1,095,866
|
|
|
|
Utilities - 0.9%
|
||
|
|
Texas Natural Gas Securitization Finance Corp.,
TX, Rev
|
|
|
|
251,192
|
5.10%, 04/01/2035
|
252,635
|
|
|
360,000
|
5.17%, 04/01/2041
|
355,588
|
|
|
|
|
|
608,223
|
|
|
Total Municipal Bonds
(cost $5,839,486)
|
|
$5,863,015
|
|
U.S. GOVERNMENT AGENCIES - 25.5%
|
|||
|
|
Mortgage-Backed Agencies - 25.5%
|
||
|
|
Federal Home Loan Mortgage Corp. - 11.9%
|
||
|
1,709,858
|
2.00%, 09/01/2050
|
$1,344,284
|
|
|
615,418
|
4.50%, 08/25/2033(3)
|
600,866
|
|
|
515,555
|
4.50%, 09/01/2052
|
486,137
|
|
|
839,437
|
4.50%, 10/01/2052
|
791,566
|
|
|
848,178
|
5.00%, 08/01/2052
|
820,423
|
|
|
837,810
|
5.00%, 11/01/2052
|
811,593
|
|
|
240,000
|
5.55%, 10/25/2054, 30 day USD SOFR Average
+ 1.20%(2)
|
240,105
|
|
|
1,314,641
|
5.72%, 02/25/2055, 30 day USD SOFR Average
+ 1.20%(2)
|
1,313,971
|
|
|
457,087
|
6.00%, 01/01/2053
|
461,282
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 25.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 25.5% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 11.9% - (continued)
|
||
|
$ 317,072
|
6.00%, 03/01/2053
|
$319,895
|
|
|
360,788
|
6.00%, 11/01/2054
|
363,575
|
|
|
555,992
|
6.50%, 02/01/2054
|
570,414
|
|
|
|
|
|
8,124,111
|
|
|
Federal National Mortgage Association - 9.3%
|
||
|
1,527,263
|
2.50%, 02/01/2052
|
1,247,578
|
|
|
461,542
|
3.00%, 08/01/2052
|
393,304
|
|
|
477,912
|
5.00%, 08/01/2052
|
463,030
|
|
|
427,896
|
5.00%, 10/01/2052
|
414,506
|
|
|
880,089
|
5.45%, 12/25/2054, 30 day USD SOFR Average
+ 1.10%(2)
|
877,755
|
|
|
231,574
|
5.50%, 01/01/2053
|
229,214
|
|
|
805,076
|
5.50%, 10/01/2054
|
795,369
|
|
|
510,000
|
5.60%, 02/25/2055, 30 day USD SOFR Average
+ 1.20%(2)
|
510,120
|
|
|
436,133
|
6.00%, 01/01/2053
|
439,981
|
|
|
637,085
|
6.00%, 02/01/2053
|
642,398
|
|
|
391,713
|
6.00%, 09/01/2054
|
394,570
|
|
|
|
|
|
6,407,825
|
|
|
Government National Mortgage Association - 4.3%
|
||
|
103,000
|
5.49%, 01/20/2055, 30 day USD SOFR Average
+ 1.10%(2)
|
102,964
|
|
|
467,319
|
5.50%, 12/20/2052
|
465,084
|
|
|
897,585
|
5.50%, 05/20/2053
|
893,671
|
|
|
508,000
|
5.50%, 01/20/2055, 30 day USD SOFR Average
+ 1.10%(2)
|
506,497
|
|
|
621,811
|
6.00%, 12/20/2052
|
631,204
|
|
|
350,848
|
6.00%, 01/20/2054
|
355,048
|
|
|
|
|
|
2,954,468
|
|
|
Total U.S. Government Agencies
(cost $17,592,980)
|
|
$17,486,404
|
|
U.S. GOVERNMENT SECURITIES - 16.5%
|
|||
|
|
U.S. Treasury Securities - 16.5%
|
||
|
|
U.S. Treasury Bonds - 15.3%
|
||
|
548,000
|
1.38%, 11/15/2040
|
$340,959
|
|
|
1,159,000
|
2.88%, 05/15/2052
|
810,440
|
|
|
489,000
|
3.00%, 08/15/2052
|
350,857
|
|
|
1,440,000
|
3.63%, 02/15/2053
|
1,171,069
|
|
|
2,741,000
|
3.88%, 02/15/2043
|
2,426,213
|
|
|
851,000
|
4.00%, 11/15/2052
|
740,835
|
|
|
360,500
|
4.13%, 08/15/2053
|
321,070
|
|
|
952,000
|
4.25%, 08/15/2054
|
867,956
|
|
|
1,593,100
|
4.38%, 08/15/2043
|
1,503,613
|
|
|
353,900
|
4.50%, 11/15/2054
|
337,090
|
|
|
162,000
|
4.63%, 05/15/2054
|
157,191
|
|
|
1,328,000
|
4.75%, 11/15/2043
|
1,314,876
|
|
|
154,000
|
4.75%, 11/15/2053
|
152,195
|
|
|
|
|
|
10,494,364
|
|
|
U.S. Treasury Notes - 1.2%
|
||
|
559,800
|
4.25%, 11/15/2034
|
546,767
|
|
|
302,500
|
4.38%, 12/31/2029
|
303,044
|
|
|
|
|
|
849,811
|
|
|
Total U.S. Government Securities
(cost $12,365,043)
|
|
$11,344,175
|
|
|
Total Long-Term Investments
(cost $66,596,113)
|
|
$65,590,229
|
|
SHORT-TERM INVESTMENTS - 2.9%
|
|||
|
|
U.S. Treasury Securities - 2.9%
|
||
|
|
U.S. Treasury Bills - 2.9%
|
||
|
300,000
|
4.25%, 07/24/2025(7)
|
$294,108
|
|
|
|
10
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 2.9% - (continued)
|
|||
|
|
U.S. Treasury Securities - 2.9% - (continued)
|
||
|
|
U.S. Treasury Bills - 2.9 - (continued)
|
||
|
$ 1,728,000
|
4.26%, 07/24/2025(7)
|
$1,694,059
|
|
|
|
Total Short-Term Investments
(cost $1,987,677)
|
$1,988,167
|
|
|
|
Total Investments
(cost $68,583,790)
|
98.5
%
|
$67,578,396
|
|
|
Other Assets and Liabilities
|
1.5
%
|
1,029,172
|
|
|
Net Assets
|
100.0
%
|
$68,607,568
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$8,126,094, representing 11.8% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at January
31, 2025. Base lending rates may be subject to a floor or cap.
|
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(4)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
January 31, 2025. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(6)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of this security was $103,138 at
January 31, 2025.
|
|
(7)
|
The rate shown represents current yield to maturity.
|
|
Futures Contracts Outstanding at January 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
U.S. Treasury 2-Year Note Future
|
15
|
03/31/2025
|
$3,084,375
|
$2,080
|
|
U.S. Treasury 5-Year Note Future
|
40
|
03/31/2025
|
4,255,625
|
14,204
|
|
U.S. Treasury 10-Year Note Future
|
146
|
03/20/2025
|
15,891,187
|
(118,405
)
|
|
U.S. Treasury Ultra Bond Future
|
6
|
03/20/2025
|
710,813
|
(25,747
)
|
|
Total
|
|
|
|
$(127,868
)
|
|
Short position contracts:
|
||||
|
U.S. Treasury 10-Year Ultra Future
|
(29)
|
03/20/2025
|
$(3,229,875
)
|
$42,990
|
|
Total futures contracts
|
$(84,878
)
|
|||
|
|
11
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$3,086,497
|
$—
|
$3,086,497
|
$—
|
|
Corporate Bonds
|
27,332,043
|
—
|
27,332,043
|
—
|
|
Foreign Government Obligations
|
478,095
|
—
|
478,095
|
—
|
|
Municipal Bonds
|
5,863,015
|
—
|
5,863,015
|
—
|
|
U.S. Government Agencies
|
17,486,404
|
—
|
17,486,404
|
—
|
|
U.S. Government Securities
|
11,344,175
|
—
|
11,344,175
|
—
|
|
Short-Term Investments
|
1,988,167
|
—
|
1,988,167
|
—
|
|
Futures Contracts(2)
|
59,274
|
59,274
|
—
|
—
|
|
Total
|
$67,637,670
|
$59,274
|
$67,578,396
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(144,152
)
|
$(144,152
)
|
$—
|
$—
|
|
Total
|
$(144,152
)
|
$(144,152
)
|
$—
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9%
|
|||
|
|
Brazil - 2.7%
|
||
|
51,000
|
Ambev SA
|
$96,868
|
|
|
16,200
|
B3 SA - Brasil Bolsa Balcao
|
31,019
|
|
|
11,600
|
BB Seguridade Participacoes SA
|
76,499
|
|
|
7,100
|
Cia de Saneamento Basico do Estado de Sao Paulo
SABESP
|
114,894
|
|
|
21,400
|
Cia de Saneamento de Minas Gerais Copasa MG
|
81,952
|
|
|
63,960
|
Cia Energetica de Minas Gerais ADR
|
119,605
|
|
|
8,800
|
Energisa SA
|
59,720
|
|
|
41
|
MercadoLibre, Inc.*
|
78,810
|
|
|
22,165
|
NU Holdings Ltd. Class A*
|
293,465
|
|
|
20,900
|
Porto Seguro SA
|
143,016
|
|
|
12,500
|
Transmissora Alianca de Energia Eletrica SA
|
71,675
|
|
|
34,300
|
Vale SA
|
317,936
|
|
|
25,100
|
WEG SA
|
236,395
|
|
|
|
|
|
1,721,854
|
|
|
China - 27.4%
|
||
|
369,000
|
Agricultural Bank of China Ltd. Class H
|
203,232
|
|
|
122,600
|
Alibaba Group Holding Ltd.
|
1,503,870
|
|
|
3,793
|
Amlogic Shanghai Co. Ltd. Class A*
|
44,123
|
|
|
5,600
|
Anker Innovations Technology Co. Ltd. Class A
|
84,111
|
|
|
22,200
|
ANTA Sports Products Ltd.
|
236,191
|
|
|
3,323
|
Atour Lifestyle Holdings Ltd. ADR
|
91,083
|
|
|
287,000
|
Bank of China Ltd. Class H
|
148,473
|
|
|
3,220
|
Bilibili, Inc. Class Z*
|
54,001
|
|
|
330,000
|
Bosideng International Holdings Ltd.
|
159,741
|
|
|
12,000
|
BYD Co. Ltd. Class H
|
421,684
|
|
|
681,000
|
China Construction Bank Corp. Class H
|
554,140
|
|
|
91,500
|
China Hongqiao Group Ltd.
|
153,822
|
|
|
70,000
|
China Life Insurance Co. Ltd. Class H
|
129,947
|
|
|
71,500
|
China Merchants Bank Co. Ltd. Class H
|
393,256
|
|
|
90,000
|
China Merchants Port Holdings Co. Ltd.
|
153,043
|
|
|
205,000
|
China Overseas Property Holdings Ltd.
|
126,770
|
|
|
81,600
|
China Pacific Insurance Group Co. Ltd. Class H
|
243,069
|
|
|
47,000
|
China Resources Mixc Lifestyle Services Ltd.(1)
|
177,966
|
|
|
568,000
|
China Tower Corp. Ltd. Class H(1)
|
81,816
|
|
|
12,100
|
Chongqing Baiya Sanitary Products Co. Ltd. Class A
|
39,112
|
|
|
384,000
|
Chongqing Rural Commercial Bank Co. Ltd. Class H
|
235,036
|
|
|
120,000
|
CMOC Group Ltd. Class H
|
88,652
|
|
|
9,600
|
Contemporary Amperex Technology Co. Ltd. Class A
|
342,282
|
|
|
3,500
|
DPC Dash Ltd.*
|
35,620
|
|
|
4,800
|
Eastroc Beverage Group Co. Ltd. Class A
|
160,837
|
|
|
2,000
|
Eoptolink Technology, Inc. Ltd. Class A
|
34,696
|
|
|
10,545
|
Full Truck Alliance Co. Ltd. ADR
|
118,737
|
|
|
24,800
|
Fuyao Glass Industry Group Co. Ltd. Class H(1)
|
167,097
|
|
|
5,900
|
Gambol Pet Group Co. Ltd. Class A
|
80,140
|
|
|
23,400
|
Giant Biogene Holding Co. Ltd.(1)
|
173,754
|
|
|
9,300
|
Gree Electric Appliances, Inc. of Zhuhai Class A
|
57,685
|
|
|
90,000
|
Guangshen Railway Co. Ltd. Class H
|
24,372
|
|
|
13,000
|
Haitian International Holdings Ltd.
|
34,561
|
|
|
9,900
|
Hexing Electrical Co. Ltd. Class A
|
51,581
|
|
|
29,400
|
Huatai Securities Co. Ltd. Class H(1)
|
50,629
|
|
|
2,400
|
Huizhou Desay Sv Automotive Co. Ltd. Class A
|
35,973
|
|
|
464,000
|
Industrial & Commercial Bank of China Ltd. Class H
|
315,834
|
|
|
9,500
|
Innovent Biologics, Inc.*(1)
|
40,428
|
|
|
68,900
|
JD Logistics, Inc.*(1)
|
118,644
|
|
|
23,850
|
JD.com, Inc. Class A
|
485,129
|
|
|
10,929
|
Kanzhun Ltd. ADR*
|
157,487
|
|
|
31,000
|
Kingsoft Corp. Ltd.
|
156,718
|
|
|
43,700
|
Kuaishou Technology*(1)
|
239,154
|
|
|
500
|
Kweichow Moutai Co. Ltd. Class A
|
99,340
|
|
|
900
|
Laopu Gold Co. Ltd. Class H*
|
48,156
|
|
|
10,065
|
LexinFintech Holdings Ltd. ADR
|
79,514
|
|
|
9,400
|
Li Auto, Inc. Class A*
|
110,637
|
|
|
50,500
|
Meituan Class B*(1)
|
961,144
|
|
|
9,900
|
Midea Group Co. Ltd. Class A
|
101,013
|
|
|
15,500
|
NetEase, Inc.
|
318,605
|
|
|
66,400
|
New China Life Insurance Co. Ltd. Class H
|
207,807
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
China - 27.4% - (continued)
|
||
|
9,400
|
Nongfu Spring Co. Ltd. Class H(1)
|
$44,346
|
|
|
5,175
|
PDD Holdings, Inc. ADR*
|
579,134
|
|
|
397,000
|
People's Insurance Co. Group of China Ltd. Class H
|
203,177
|
|
|
100,000
|
PICC Property & Casualty Co. Ltd. Class H
|
162,473
|
|
|
38,000
|
Ping An Insurance Group Co. of China Ltd. Class H
|
213,966
|
|
|
16,000
|
Pop Mart International Group Ltd.(1)
|
194,053
|
|
|
2,835
|
Qifu Technology, Inc. ADR
|
113,116
|
|
|
4,000
|
Seres Group Co. Ltd. Class A
|
73,600
|
|
|
9,800
|
Shandong Himile Mechanical Science & Technology
Co. Ltd. Class A
|
69,968
|
|
|
9,400
|
Sieyuan Electric Co. Ltd. Class A
|
104,702
|
|
|
58,500
|
Sinopec Engineering Group Co. Ltd. Class H
|
46,817
|
|
|
149,000
|
Sunac Services Holdings Ltd.(1)
|
29,944
|
|
|
57,100
|
Tencent Holdings Ltd.
|
3,004,327
|
|
|
89,600
|
Tongcheng Travel Holdings Ltd.(2)
|
225,868
|
|
|
7,650
|
Trip.com Group Ltd.*
|
537,291
|
|
|
24,000
|
Weilong Delicious Global Holdings Ltd.
|
22,522
|
|
|
13,500
|
WUS Printed Circuit Kunshan Co. Ltd. Class A
|
77,971
|
|
|
179,400
|
Xiaomi Corp. Class B*(1)
|
899,163
|
|
|
10,100
|
XPeng, Inc. Class A*
|
76,759
|
|
|
12,500
|
Yankershop Food Co. Ltd. Class A
|
92,020
|
|
|
3,200
|
Yantai China Pet Foods Co. Ltd. Class A
|
16,943
|
|
|
11,600
|
Yealink Network Technology Corp. Ltd. Class A
|
65,814
|
|
|
9,500
|
Yunnan Aluminium Co. Ltd. Class A
|
21,728
|
|
|
27,600
|
Yutong Bus Co. Ltd. Class A
|
108,471
|
|
|
1,800
|
Zhejiang Cfmoto Power Co. Ltd. Class A
|
51,240
|
|
|
37,200
|
Zhejiang Weixing Industrial Development Co. Ltd.
Class A
|
73,782
|
|
|
5,600
|
ZTO Express Cayman, Inc.
|
107,216
|
|
|
|
|
|
17,347,123
|
|
|
Greece - 1.8%
|
||
|
114,235
|
Eurobank Ergasias Services & Holdings SA Class A
|
285,899
|
|
|
11,971
|
Hellenic Telecommunications Organization SA
|
181,016
|
|
|
6,694
|
Jumbo SA
|
180,840
|
|
|
31,945
|
National Bank of Greece SA
|
276,822
|
|
|
13,578
|
OPAP SA
|
232,921
|
|
|
|
|
|
1,157,498
|
|
|
Hong Kong - 0.4%
|
||
|
22,600
|
AIA Group Ltd.
|
158,881
|
|
|
295,000
|
Sino Biopharmaceutical Ltd.
|
107,242
|
|
|
|
|
|
266,123
|
|
|
Hungary - 1.2%
|
||
|
10,510
|
Magyar Telekom Telecommunications PLC
|
37,034
|
|
|
5,945
|
OTP Bank Nyrt
|
367,814
|
|
|
12,646
|
Richter Gedeon Nyrt
|
327,513
|
|
|
|
|
|
732,361
|
|
|
India - 15.4%
|
||
|
2,689
|
Ajanta Pharma Ltd.
|
83,417
|
|
|
36,907
|
Axis Bank Ltd.
|
418,177
|
|
|
1,528
|
Bajaj Auto Ltd.
|
155,666
|
|
|
1,836
|
Bajaj Finance Ltd.
|
166,476
|
|
|
14,947
|
Bank of Baroda
|
36,653
|
|
|
13,403
|
Bharti Airtel Ltd.
|
250,696
|
|
|
328
|
BSE Ltd.
|
19,974
|
|
|
15,813
|
City Union Bank Ltd.
|
31,585
|
|
|
1,777
|
Coforge Ltd.
|
168,528
|
|
|
1,983
|
Colgate-Palmolive India Ltd.
|
64,504
|
|
|
1,924
|
Computer Age Management Services Ltd.
|
79,595
|
|
|
3,518
|
Cummins India Ltd.
|
117,910
|
|
|
831
|
Dixon Technologies India Ltd.(2)
|
143,031
|
|
|
1,479
|
eClerx Services Ltd.
|
52,010
|
|
|
3,139
|
Eicher Motors Ltd.
|
187,800
|
|
|
8,515
|
Emami Ltd.
|
57,810
|
|
|
18,493
|
HCL Technologies Ltd.
|
366,997
|
|
|
4,396
|
HDFC Asset Management Co. Ltd.(1)
|
195,835
|
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
India - 15.4% - (continued)
|
||
|
54,107
|
HDFC Bank Ltd.
|
$1,059,056
|
|
|
6,002
|
Hero MotoCorp Ltd.
|
299,665
|
|
|
5,460
|
Hindustan Unilever Ltd.
|
155,321
|
|
|
49,827
|
ICICI Bank Ltd.
|
717,037
|
|
|
23,276
|
Indian Energy Exchange Ltd.(1)
|
46,687
|
|
|
25,934
|
Indian Hotels Co. Ltd.
|
228,098
|
|
|
16,549
|
IndusInd Bank Ltd.
|
188,742
|
|
|
24,102
|
Infosys Ltd.
|
524,443
|
|
|
4,678
|
JB Chemicals & Pharmaceuticals Ltd.
|
95,086
|
|
|
59,031
|
Karur Vysya Bank Ltd.
|
161,749
|
|
|
4,680
|
Kfin Technologies Ltd.
|
58,619
|
|
|
1,921
|
Mahindra & Mahindra Ltd.
|
66,021
|
|
|
554
|
MakeMyTrip Ltd.*
|
60,536
|
|
|
10,650
|
Marico Ltd.
|
82,309
|
|
|
6,313
|
Max Healthcare Institute Ltd.
|
77,071
|
|
|
700
|
Multi Commodity Exchange of India Ltd.
|
46,105
|
|
|
1,457
|
Nestle India Ltd.
|
38,867
|
|
|
168
|
Page Industries Ltd.
|
86,622
|
|
|
3,526
|
Persistent Systems Ltd.
|
244,376
|
|
|
5,087
|
Pidilite Industries Ltd.
|
168,451
|
|
|
137,006
|
Power Grid Corp. of India Ltd.
|
475,788
|
|
|
37,973
|
Punjab National Bank
|
44,092
|
|
|
19,822
|
REC Ltd.
|
102,267
|
|
|
32,346
|
Reliance Industries Ltd.
|
470,727
|
|
|
6,995
|
Shriram Finance Ltd.
|
43,762
|
|
|
16,632
|
Sun Pharmaceutical Industries Ltd.
|
334,189
|
|
|
9,262
|
Tata Consultancy Services Ltd.
|
438,264
|
|
|
7,194
|
Torrent Pharmaceuticals Ltd.
|
271,084
|
|
|
1,480
|
Trent Ltd.
|
97,826
|
|
|
25,752
|
Union Bank of India Ltd.
|
34,102
|
|
|
6,655
|
Varun Beverages Ltd.
|
41,240
|
|
|
3,497
|
Vijaya Diagnostic Centre Ltd.
|
41,610
|
|
|
11,028
|
Voltas Ltd.
|
159,995
|
|
|
26,417
|
Wipro Ltd.
|
94,638
|
|
|
53,126
|
Zomato Ltd.*
|
134,554
|
|
|
|
|
|
9,785,663
|
|
|
Indonesia - 2.0%
|
||
|
330,900
|
Bank Central Asia Tbk. PT
|
191,154
|
|
|
853,400
|
Bank Mandiri Persero Tbk. PT
|
313,558
|
|
|
825,000
|
Bank Negara Indonesia Persero Tbk. PT
|
240,018
|
|
|
1,316,300
|
Bank Rakyat Indonesia Persero Tbk. PT
|
339,905
|
|
|
138,200
|
Indofood CBP Sukses Makmur Tbk. PT
|
97,503
|
|
|
562,500
|
Perusahaan Gas Negara Tbk. PT
|
55,077
|
|
|
98,300
|
Telkom Indonesia Persero Tbk. PT
|
15,831
|
|
|
|
|
|
1,253,046
|
|
|
Malaysia - 1.3%
|
||
|
9,500
|
Carlsberg Brewery Malaysia Bhd. Class B
|
42,284
|
|
|
73,100
|
CIMB Group Holdings Bhd.
|
131,224
|
|
|
9,400
|
Heineken Malaysia Bhd.
|
51,286
|
|
|
36,100
|
Hong Leong Bank Bhd.
|
163,279
|
|
|
25,200
|
Malayan Banking Bhd.
|
58,422
|
|
|
41,100
|
Mega First Corp. Bhd.
|
39,402
|
|
|
37,500
|
Public Bank Bhd.
|
36,222
|
|
|
41,400
|
RHB Bank Bhd.
|
59,691
|
|
|
118,900
|
Telekom Malaysia Bhd.
|
175,555
|
|
|
56,100
|
Westports Holdings Bhd.
|
57,642
|
|
|
|
|
|
815,007
|
|
|
Mexico - 3.1%
|
||
|
434,200
|
America Movil SAB de CV Series B
|
304,875
|
|
|
22,900
|
Arca Continental SAB de CV
|
208,622
|
|
|
2,794
|
Coca-Cola Femsa SAB de CV ADR
|
219,301
|
|
|
25,100
|
Grupo Aeroportuario del Centro Norte SAB de CV
|
236,998
|
|
|
691
|
Grupo Aeroportuario del Sureste SAB de CV ADR
|
189,659
|
|
|
14,200
|
Grupo Comercial Chedraui SA de CV
|
81,882
|
|
|
39,300
|
Grupo Financiero Banorte SAB de CV Class O
|
272,798
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
Mexico - 3.1% - (continued)
|
||
|
35,900
|
Grupo Financiero Inbursa SAB de CV Class O*
|
$76,488
|
|
|
17,400
|
Grupo Mexico SAB de CV Class B
|
84,934
|
|
|
38,400
|
Kimberly-Clark de Mexico SAB de CV Class A
|
57,242
|
|
|
11,730
|
Promotora y Operadora de Infraestructura SAB de CV
|
109,166
|
|
|
4,400
|
Qualitas Controladora SAB de CV
|
36,638
|
|
|
5,000
|
Regional SAB de CV
|
32,593
|
|
|
375
|
Southern Copper Corp.
|
34,357
|
|
|
|
|
|
1,945,553
|
|
|
Peru - 0.5%
|
||
|
1,723
|
Credicorp Ltd.
|
315,481
|
|
|
|
Philippines - 1.1%
|
||
|
110,530
|
BDO Unibank, Inc.
|
260,547
|
|
|
43,100
|
International Container Terminal Services, Inc.
|
257,349
|
|
|
5,200
|
Manila Electric Co.
|
39,909
|
|
|
129,580
|
Metropolitan Bank & Trust Co.
|
153,620
|
|
|
|
|
|
711,425
|
|
|
Poland - 1.1%
|
||
|
6,373
|
Alior Bank SA
|
147,101
|
|
|
5,799
|
Bank Polska Kasa Opieki SA
|
227,483
|
|
|
3,343
|
KGHM Polska Miedz SA
|
102,504
|
|
|
5,395
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
88,514
|
|
|
1,309
|
Santander Bank Polska SA
|
162,493
|
|
|
|
|
|
728,095
|
|
|
Qatar - 0.0%
|
||
|
5,362
|
Qatar National Bank QPSC
|
24,587
|
|
|
|
Romania - 0.4%
|
||
|
30,722
|
NEPI Rockcastle NV
|
232,160
|
|
|
|
Saudi Arabia - 3.9%
|
||
|
15,735
|
Al Rajhi Bank
|
414,997
|
|
|
4,071
|
Arab National Bank
|
23,208
|
|
|
1,616
|
Dr. Sulaiman Al Habib Medical Services Group Co.
|
125,895
|
|
|
406
|
Elm Co.
|
126,107
|
|
|
16,052
|
Etihad Etisalat Co.
|
247,797
|
|
|
19,450
|
Jarir Marketing Co.
|
66,447
|
|
|
41,472
|
Riyad Bank
|
323,772
|
|
|
42,961
|
Saudi Arabian Oil Co.(1)
|
317,904
|
|
|
15,833
|
Saudi Awwal Bank
|
151,658
|
|
|
43,742
|
Saudi National Bank
|
398,431
|
|
|
26,086
|
Saudi Telecom Co.
|
302,291
|
|
|
|
|
|
2,498,507
|
|
|
Singapore - 0.3%
|
||
|
1,541
|
Sea Ltd. ADR*
|
187,678
|
|
|
|
South Africa - 2.4%
|
||
|
28,624
|
AVI Ltd.
|
150,945
|
|
|
504
|
Capitec Bank Holdings Ltd.
|
80,246
|
|
|
15,977
|
Clicks Group Ltd.
|
307,525
|
|
|
32,536
|
FirstRand Ltd.
|
132,373
|
|
|
19,508
|
Gold Fields Ltd.
|
333,308
|
|
|
62,376
|
Momentum Group Ltd.
|
96,189
|
|
|
6,397
|
Mr. Price Group Ltd.
|
85,277
|
|
|
12,972
|
Standard Bank Group Ltd.
|
151,304
|
|
|
30,262
|
Truworths International Ltd.
|
138,882
|
|
|
6,291
|
Vodacom Group Ltd.
|
36,794
|
|
|
|
|
|
1,512,843
|
|
|
South Korea - 8.8%
|
||
|
12
|
Celltrion, Inc.
|
1,475
|
|
|
1,667
|
Classys, Inc.*
|
61,747
|
|
|
699
|
Cosmecca Korea Co. Ltd.*
|
24,680
|
|
|
1,353
|
Coway Co. Ltd.*
|
71,575
|
|
|
3,226
|
DB Insurance Co. Ltd.
|
214,648
|
|
|
6,581
|
Hana Financial Group, Inc.
|
272,391
|
|
|
1,326
|
HD Hyundai Co. Ltd.
|
75,428
|
|
|
|
14
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
South Korea - 8.8% - (continued)
|
||
|
779
|
HD Hyundai Electric Co. Ltd.
|
$217,655
|
|
|
436
|
HD Korea Shipbuilding & Offshore Engineering Co.
Ltd.*
|
69,107
|
|
|
2,561
|
Hyundai Glovis Co. Ltd.
|
261,628
|
|
|
895
|
Hyundai Mobis Co. Ltd.
|
161,508
|
|
|
933
|
Hyundai Motor Co.
|
131,319
|
|
|
2,795
|
KB Financial Group, Inc.
|
175,110
|
|
|
4,460
|
Kia Corp.
|
311,209
|
|
|
8,489
|
Korean Air Lines Co. Ltd.*
|
144,119
|
|
|
835
|
Krafton, Inc.*
|
208,045
|
|
|
1,589
|
KT Corp.
|
52,160
|
|
|
231
|
LG Energy Solution Ltd.*
|
55,612
|
|
|
1,982
|
NAVER Corp.*
|
293,508
|
|
|
74
|
Samsung Biologics Co. Ltd.*(1)
|
54,730
|
|
|
45,512
|
Samsung Electronics Co. Ltd.
|
1,625,403
|
|
|
433
|
Samsung Fire & Marine Insurance Co. Ltd.
|
113,011
|
|
|
6,405
|
Shinhan Financial Group Co. Ltd.
|
223,111
|
|
|
835
|
SK Biopharmaceuticals Co. Ltd.*
|
62,138
|
|
|
4,187
|
SK Hynix, Inc.
|
563,694
|
|
|
2,889
|
SK Telecom Co. Ltd.
|
110,011
|
|
|
|
|
|
5,555,022
|
|
|
Taiwan - 17.8%
|
||
|
6,000
|
Accton Technology Corp.
|
137,780
|
|
|
1,000
|
Alchip Technologies Ltd.
|
93,030
|
|
|
17,000
|
Asustek Computer, Inc.
|
309,442
|
|
|
3,000
|
AURAS Technology Co. Ltd.
|
55,630
|
|
|
6,000
|
Bizlink Holding, Inc.
|
113,548
|
|
|
90,000
|
Cathay Financial Holding Co. Ltd.
|
181,465
|
|
|
7,000
|
Chroma ATE, Inc.
|
78,829
|
|
|
14,000
|
Chunghwa Telecom Co. Ltd.
|
53,460
|
|
|
33,000
|
Delta Electronics, Inc.
|
429,991
|
|
|
17,000
|
E Ink Holdings, Inc.
|
142,691
|
|
|
3,000
|
Eclat Textile Co. Ltd.
|
47,796
|
|
|
4,000
|
Elite Material Co. Ltd.
|
73,424
|
|
|
40,800
|
Fubon Financial Holding Co. Ltd.
|
114,288
|
|
|
85,000
|
Hon Hai Precision Industry Co. Ltd.
|
453,869
|
|
|
1,000
|
King Slide Works Co. Ltd.
|
45,297
|
|
|
1,000
|
Lotes Co. Ltd.
|
56,343
|
|
|
17,000
|
MediaTek, Inc.
|
736,219
|
|
|
14,000
|
Nien Made Enterprise Co. Ltd.
|
183,782
|
|
|
2,000
|
Novatek Microelectronics Corp.
|
31,430
|
|
|
33,000
|
Quanta Computer, Inc.
|
261,628
|
|
|
8,000
|
Realtek Semiconductor Corp.
|
131,767
|
|
|
217,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
7,241,960
|
|
|
35,000
|
Tripod Technology Corp.
|
205,275
|
|
|
2,000
|
Voltronic Power Technology Corp.
|
112,884
|
|
|
|
|
|
11,291,828
|
|
|
Thailand - 0.4%
|
||
|
30,100
|
Advanced Info Service PCL NVDR
|
253,028
|
|
|
|
United Arab Emirates - 3.1%
|
||
|
88,530
|
Abu Dhabi Commercial Bank PJSC
|
288,518
|
|
|
19,719
|
Abu Dhabi Islamic Bank PJSC
|
83,749
|
|
|
59,093
|
ADNOC Drilling Co. PJSC
|
86,876
|
|
|
72,042
|
Air Arabia PJSC
|
60,606
|
|
|
89,679
|
Dubai Islamic Bank PJSC
|
187,635
|
|
|
9,981
|
Emaar Development PJSC
|
35,648
|
|
|
68,067
|
Emaar Properties PJSC
|
249,827
|
|
|
68,666
|
Emirates Integrated Telecommunications Co. PJSC
|
147,313
|
|
|
53,848
|
Emirates NBD Bank PJSC
|
305,667
|
|
|
20,087
|
Emirates Telecommunications Group Co. PJSC
|
93,516
|
|
|
85,687
|
First Abu Dhabi Bank PJSC
|
338,958
|
|
|
45,207
|
Salik Co. PJSC
|
59,595
|
|
|
|
|
|
1,937,908
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
United Kingdom - 0.5%
|
||
|
10,362
|
Anglogold Ashanti PLC
|
$312,008
|
|
|
|
United States - 0.3%
|
||
|
4,304
|
Genpact Ltd.
|
209,562
|
|
|
|
Total Common Stocks
(cost $50,710,585)
|
|
$60,794,360
|
|
PREFERRED STOCKS - 2.1%
|
|||
|
|
Brazil - 2.1%
|
||
|
133,210
|
Banco Bradesco SA (Preference Shares)(3)
|
$275,581
|
|
|
26,900
|
Cia De Sanena Do Parana (Preference Shares)(3)
|
23,659
|
|
|
75,100
|
Itau Unibanco Holding SA (Preference Shares)(3)
|
434,481
|
|
|
88,400
|
Petroleo Brasileiro SA (Preference Shares)(3)
|
570,118
|
|
|
|
Total Preferred Stocks
(cost $1,314,476)
|
|
$1,303,839
|
|
|
Total Long-Term Investments
(cost $52,025,061)
|
|
$62,098,199
|
|
|
Total Investments
(cost $52,025,061)
|
98.0
%
|
$62,098,199
|
|
|
Other Assets and Liabilities
|
2.0
%
|
1,299,308
|
|
|
Net Assets
|
100.0
%
|
$63,397,507
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$3,793,294, representing 6.0% of net assets.
|
|
(2)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At January 31, 2025, the aggregate
value of these securities was $368,899, representing 0.6% of net assets.
|
|
(3)
|
Currently no rate available.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
15
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$60,794,360
|
$8,816,009
|
$51,978,351
|
$—
|
|
Preferred Stocks
|
1,303,839
|
1,303,839
|
—
|
—
|
|
Total
|
$62,098,199
|
$10,119,848
|
$51,978,351
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 5.7%
|
|||
|
|
United States - 5.7%
|
||
|
|
Federal Home Loan Mortgage Corp. - 0.9%
|
||
|
$ 38,725
|
4.50%, 09/01/2052
|
$36,516
|
|
|
50,249
|
5.00%, 09/01/2052
|
48,680
|
|
|
79,843
|
5.00%, 11/01/2052
|
77,344
|
|
|
66,714
|
5.50%, 10/01/2053
|
65,994
|
|
|
76,977
|
5.50%, 01/01/2054
|
76,067
|
|
|
49,024
|
5.50%, 06/01/2054
|
48,433
|
|
|
43,056
|
6.00%, 01/01/2053
|
43,452
|
|
|
126,172
|
6.00%, 10/01/2053
|
127,245
|
|
|
558,576
|
6.00%, 10/01/2054
|
562,651
|
|
|
89,676
|
6.50%, 02/01/2054
|
92,002
|
|
|
|
|
|
1,178,384
|
|
|
Federal National Mortgage Association - 2.8%
|
||
|
17,745
|
4.50%, 06/01/2052
|
16,727
|
|
|
35,670
|
5.00%, 10/01/2052
|
34,554
|
|
|
96,238
|
5.00%, 04/01/2053
|
92,968
|
|
|
113,721
|
5.00%, 12/01/2053
|
109,900
|
|
|
90,681
|
5.50%, 01/01/2053
|
89,757
|
|
|
218,064
|
5.50%, 12/01/2053
|
215,600
|
|
|
276,841
|
5.50%, 01/01/2054
|
273,591
|
|
|
227,677
|
5.50%, 02/01/2054
|
224,932
|
|
|
207,097
|
5.50%, 09/01/2054
|
204,600
|
|
|
487,460
|
5.50%, 01/01/2055
|
481,582
|
|
|
110,514
|
6.00%, 02/01/2053
|
111,436
|
|
|
258,823
|
6.00%, 11/01/2053
|
261,121
|
|
|
163,983
|
6.00%, 12/01/2053
|
165,179
|
|
|
292,682
|
6.00%, 01/01/2054
|
295,070
|
|
|
249,968
|
6.00%, 02/01/2054
|
251,963
|
|
|
677,559
|
6.00%, 10/01/2054
|
682,502
|
|
|
37,354
|
6.50%, 10/01/2053
|
38,330
|
|
|
29,407
|
6.50%, 12/01/2053
|
30,170
|
|
|
8,112
|
6.50%, 02/01/2054
|
8,323
|
|
|
121,207
|
6.50%, 04/01/2054
|
124,351
|
|
|
|
|
|
3,712,656
|
|
|
Government National Mortgage Association - 2.0%
|
||
|
119,411
|
5.00%, 09/20/2053
|
116,196
|
|
|
496,818
|
5.00%, 10/20/2054
|
483,134
|
|
|
83,815
|
5.50%, 05/20/2053
|
83,450
|
|
|
93,333
|
5.50%, 06/20/2053
|
92,907
|
|
|
88,972
|
5.50%, 12/20/2053
|
88,457
|
|
|
440,208
|
5.50%, 01/20/2054
|
437,701
|
|
|
535,863
|
5.50%, 10/20/2054
|
532,497
|
|
|
133,465
|
6.00%, 12/20/2052
|
135,482
|
|
|
182,732
|
6.00%, 12/20/2053
|
184,930
|
|
|
256,700
|
6.00%, 01/20/2054
|
259,773
|
|
|
38,600
|
6.00%, 05/20/2054
|
38,994
|
|
|
166,125
|
6.00%, 09/20/2054
|
167,701
|
|
|
16,031
|
6.50%, 01/20/2054
|
16,356
|
|
|
|
|
|
2,637,578
|
|
|
Total U.S. Government Agencies
(cost $7,493,613)
|
|
$7,528,618
|
|
COMMON STOCKS - 45.7%
|
|||
|
|
Australia - 0.6%
|
||
|
2,646
|
ANZ Group Holdings Ltd.
|
$49,966
|
|
|
4,596
|
BlueScope Steel Ltd.
|
60,016
|
|
|
1,177
|
Commonwealth Bank of Australia
|
116,149
|
|
|
635
|
Macquarie Group Ltd.
|
93,937
|
|
|
2,349
|
National Australia Bank Ltd.
|
57,883
|
|
|
353
|
Rio Tinto Ltd.
|
25,423
|
|
|
1,208
|
Rio Tinto PLC
|
72,748
|
|
|
9,407
|
Santos Ltd.
|
40,732
|
|
|
1,650
|
Wesfarmers Ltd.
|
77,722
|
|
|
3,927
|
Westpac Banking Corp.
|
81,481
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
Australia - 0.6% - (continued)
|
||
|
1,938
|
Woodside Energy Group Ltd.
|
$29,537
|
|
|
1,316
|
Woolworths Group Ltd.
|
24,743
|
|
|
|
|
|
730,337
|
|
|
Belgium - 0.1%
|
||
|
1,055
|
Anheuser-Busch InBev SA
|
51,987
|
|
|
1,162
|
Groupe Bruxelles Lambert NV
|
80,666
|
|
|
|
|
|
132,653
|
|
|
Brazil - 0.2%
|
||
|
45
|
MercadoLibre, Inc.*
|
86,499
|
|
|
3,106
|
Petroleo Brasileiro SA ADR
|
44,136
|
|
|
1,742
|
Wheaton Precious Metals Corp.
|
108,690
|
|
|
1,372
|
Yara International ASA
|
41,092
|
|
|
|
|
|
280,417
|
|
|
Canada - 0.9%
|
||
|
610
|
Alimentation Couche-Tard, Inc.
|
32,213
|
|
|
379
|
Bank of Montreal
|
37,521
|
|
|
959
|
Bank of Nova Scotia
|
49,067
|
|
|
1,204
|
Canadian Imperial Bank of Commerce
|
75,843
|
|
|
350
|
Canadian National Railway Co.
|
36,562
|
|
|
2,473
|
Canadian Natural Resources Ltd.
|
75,125
|
|
|
738
|
Canadian Pacific Kansas City Ltd.
|
58,650
|
|
|
396
|
Canadian Tire Corp. Ltd. Class A
|
44,582
|
|
|
47
|
Constellation Software, Inc.
|
153,708
|
|
|
834
|
Enbridge, Inc.
|
36,066
|
|
|
717
|
Fortis, Inc.
|
30,538
|
|
|
1,852
|
Manulife Financial Corp.
|
55,381
|
|
|
282
|
Nutrien Ltd.
|
14,555
|
|
|
790
|
Onex Corp.
|
60,592
|
|
|
1,513
|
Open Text Corp.
|
44,515
|
|
|
1,357
|
Pembina Pipeline Corp.
|
48,982
|
|
|
1,066
|
Rogers Communications, Inc. Class B
|
29,280
|
|
|
564
|
Royal Bank of Canada
|
68,758
|
|
|
815
|
Shopify, Inc. Class A*
|
95,113
|
|
|
537
|
Sun Life Financial, Inc.
|
30,967
|
|
|
1,221
|
Suncor Energy, Inc.
|
45,812
|
|
|
497
|
TC Energy Corp.
|
22,396
|
|
|
932
|
Toronto-Dominion Bank
|
53,168
|
|
|
|
|
|
1,199,394
|
|
|
China - 1.0%
|
||
|
9,500
|
Alibaba Group Holding Ltd.
|
116,532
|
|
|
3,000
|
Baidu, Inc. Class A*
|
33,919
|
|
|
2,500
|
BYD Co. Ltd. Class H
|
87,851
|
|
|
141,000
|
CGN Power Co. Ltd. Class H(1)
|
45,633
|
|
|
60,000
|
China Construction Bank Corp. Class H
|
48,823
|
|
|
36,000
|
China Life Insurance Co. Ltd. Class H
|
66,830
|
|
|
14,000
|
China Mengniu Dairy Co. Ltd.
|
28,064
|
|
|
10,000
|
China Merchants Bank Co. Ltd. Class H
|
55,001
|
|
|
11,000
|
China Resources Land Ltd.
|
33,484
|
|
|
3,350
|
JD.com, Inc. Class A
|
68,142
|
|
|
9,500
|
Li Ning Co. Ltd.
|
19,645
|
|
|
3,800
|
Meituan Class B*(1)
|
72,324
|
|
|
2,800
|
NetEase, Inc.
|
57,555
|
|
|
241
|
NXP Semiconductors NV
|
50,261
|
|
|
442
|
PDD Holdings, Inc. ADR*
|
49,464
|
|
|
4,000
|
Ping An Insurance Group Co. of China Ltd.
Class H
|
22,523
|
|
|
1,531
|
Prosus NV
|
58,480
|
|
|
6,900
|
Tencent Holdings Ltd.
|
363,045
|
|
|
5,500
|
Wuxi Biologics Cayman, Inc.*(1)
|
13,165
|
|
|
1,014
|
Yum China Holdings, Inc.
|
46,897
|
|
|
|
|
|
1,337,638
|
|
|
17
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
Denmark - 0.2%
|
||
|
441
|
DSV AS
|
$87,853
|
|
|
2,121
|
Novo Nordisk AS Class B
|
179,065
|
|
|
|
|
|
266,918
|
|
|
Finland - 0.0%
|
||
|
1,754
|
UPM-Kymmene OYJ
|
51,725
|
|
|
|
France - 0.9%
|
||
|
451
|
Air Liquide SA
|
78,782
|
|
|
548
|
Airbus SE
|
94,788
|
|
|
1,647
|
AXA SA
|
62,482
|
|
|
1,355
|
BNP Paribas SA
|
92,560
|
|
|
235
|
Capgemini SE
|
42,703
|
|
|
876
|
Eiffage SA
|
78,259
|
|
|
307
|
EssilorLuxottica SA
|
84,259
|
|
|
25
|
Hermes International SCA
|
70,316
|
|
|
55
|
Kering SA
|
14,398
|
|
|
704
|
Legrand SA
|
71,775
|
|
|
203
|
L'Oreal SA
|
75,320
|
|
|
136
|
LVMH Moet Hennessy Louis Vuitton SE
|
99,471
|
|
|
211
|
Pernod Ricard SA
|
24,098
|
|
|
527
|
Safran SA
|
130,641
|
|
|
1,582
|
TotalEnergies SE
|
91,649
|
|
|
436
|
Vinci SA
|
47,181
|
|
|
|
|
|
1,158,682
|
|
|
Germany - 0.7%
|
||
|
264
|
adidas AG
|
69,606
|
|
|
247
|
Allianz SE
|
80,538
|
|
|
1,224
|
BASF SE
|
58,970
|
|
|
568
|
Bayer AG
|
12,710
|
|
|
1,322
|
Deutsche Post AG
|
47,596
|
|
|
3,037
|
Deutsche Telekom AG
|
101,888
|
|
|
1,649
|
Infineon Technologies AG
|
54,217
|
|
|
1,062
|
Mercedes-Benz Group AG
|
64,612
|
|
|
1,212
|
RWE AG
|
37,558
|
|
|
890
|
SAP SE
|
245,261
|
|
|
626
|
Siemens AG
|
134,200
|
|
|
|
|
|
907,156
|
|
|
Greece - 0.0%
|
||
|
2,255
|
OPAP SA
|
38,683
|
|
|
|
Hong Kong - 0.2%
|
||
|
9,000
|
AIA Group Ltd.
|
63,271
|
|
|
6,000
|
CK Asset Holdings Ltd.
|
25,071
|
|
|
3,100
|
Hang Seng Bank Ltd.
|
38,845
|
|
|
1,300
|
Hong Kong Exchanges & Clearing Ltd.
|
50,881
|
|
|
4,500
|
MTR Corp. Ltd.
|
14,107
|
|
|
3,519
|
Prudential PLC
|
29,285
|
|
|
2,000
|
Sun Hung Kai Properties Ltd.
|
17,879
|
|
|
|
|
|
239,339
|
|
|
India - 0.6%
|
||
|
1,321
|
Axis Bank Ltd. GDR(2)
|
75,033
|
|
|
4,145
|
Dr. Reddy's Laboratories Ltd. ADR
|
57,284
|
|
|
3,909
|
GAIL India Ltd. GDR(2)
|
48,081
|
|
|
1,560
|
HDFC Bank Ltd. ADR
|
94,598
|
|
|
3,754
|
ICICI Bank Ltd. ADR
|
107,627
|
|
|
3,724
|
Infosys Ltd. ADR
|
81,742
|
|
|
1,723
|
Larsen & Toubro Ltd. GDR(2)
|
70,471
|
|
|
2,160
|
Mahindra & Mahindra Ltd. GDR(2)
|
74,304
|
|
|
1,221
|
Reliance Industries Ltd. GDR(1)
|
71,673
|
|
|
19,626
|
Wipro Ltd. ADR
|
72,027
|
|
|
|
|
|
752,840
|
|
|
Indonesia - 0.1%
|
||
|
82,900
|
Bank Central Asia Tbk. PT
|
47,890
|
|
|
171,100
|
Indofood Sukses Makmur Tbk. PT
|
82,401
|
|
|
|
|
|
130,291
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
Ireland - 0.1%
|
||
|
355
|
Accenture PLC Class A
|
$136,657
|
|
|
|
Israel - 0.1%
|
||
|
3,204
|
Teva Pharmaceutical Industries Ltd. ADR*
|
56,807
|
|
|
|
Italy - 0.2%
|
||
|
8,553
|
Enel SpA
|
60,792
|
|
|
2,529
|
Eni SpA
|
35,604
|
|
|
3,927
|
FinecoBank Banca Fineco SpA
|
74,555
|
|
|
21,465
|
Intesa Sanpaolo SpA
|
92,908
|
|
|
|
|
|
263,859
|
|
|
Japan - 1.8%
|
||
|
3,000
|
Astellas Pharma, Inc.
|
29,082
|
|
|
1,600
|
Daiichi Sankyo Co. Ltd.
|
44,609
|
|
|
300
|
Daikin Industries Ltd.
|
35,238
|
|
|
1,400
|
FANUC Corp.
|
41,709
|
|
|
200
|
Fast Retailing Co. Ltd.
|
65,871
|
|
|
2,400
|
Hankyu Hanshin Holdings, Inc.
|
61,067
|
|
|
5,100
|
Hitachi Ltd.
|
128,216
|
|
|
5,600
|
Honda Motor Co. Ltd.
|
53,005
|
|
|
300
|
Hoya Corp.
|
40,286
|
|
|
1,700
|
ITOCHU Corp.
|
78,275
|
|
|
1,400
|
Kao Corp.
|
55,513
|
|
|
1,500
|
KDDI Corp.
|
49,974
|
|
|
200
|
Keyence Corp.
|
86,142
|
|
|
3,400
|
Kirin Holdings Co. Ltd.
|
43,023
|
|
|
4,400
|
Mitsubishi Corp.
|
70,177
|
|
|
8,200
|
Mitsubishi HC Capital, Inc.
|
54,531
|
|
|
6,700
|
Mitsubishi UFJ Financial Group, Inc.
|
84,731
|
|
|
3,700
|
Mitsui & Co. Ltd.
|
73,230
|
|
|
2,300
|
Murata Manufacturing Co. Ltd.
|
36,135
|
|
|
1,600
|
NIDEC Corp.
|
27,634
|
|
|
1,100
|
Nintendo Co. Ltd.
|
72,165
|
|
|
37,200
|
Nippon Telegraph & Telephone Corp.
|
36,622
|
|
|
2,800
|
ORIX Corp.
|
59,144
|
|
|
1,400
|
Otsuka Holdings Co. Ltd.
|
73,104
|
|
|
1,600
|
Recruit Holdings Co. Ltd.
|
111,667
|
|
|
4,400
|
Seven & i Holdings Co. Ltd.
|
70,241
|
|
|
300
|
Shimano, Inc.
|
42,098
|
|
|
1,900
|
Shin-Etsu Chemical Co. Ltd.
|
58,904
|
|
|
1,100
|
SoftBank Group Corp.
|
67,245
|
|
|
4,600
|
Sony Group Corp.
|
101,519
|
|
|
5,000
|
Sumitomo Mitsui Financial Group, Inc.
|
123,215
|
|
|
2,300
|
Takeda Pharmaceutical Co. Ltd.
|
61,870
|
|
|
2,300
|
Tokio Marine Holdings, Inc.
|
75,862
|
|
|
300
|
Tokyo Electron Ltd.
|
50,605
|
|
|
7,100
|
Toyota Motor Corp.
|
134,683
|
|
|
|
|
|
2,297,392
|
|
|
Jersey - 0.0%
|
||
|
548
|
Aptiv PLC*
|
34,206
|
|
|
|
Malaysia - 0.1%
|
||
|
7,300
|
Hong Leong Bank Bhd.
|
33,018
|
|
|
1,100
|
Nestle Malaysia Bhd.
|
22,174
|
|
|
27,000
|
Public Bank Bhd.
|
26,079
|
|
|
16,500
|
RHB Bank Bhd.
|
23,790
|
|
|
|
|
|
105,061
|
|
|
Mexico - 0.1%
|
||
|
35,514
|
America Movil SAB de CV Series B
|
24,936
|
|
|
11,469
|
Grupo Mexico SAB de CV Class B
|
55,984
|
|
|
11,170
|
Wal-Mart de Mexico SAB de CV
|
29,097
|
|
|
|
|
|
110,017
|
|
|
Netherlands - 0.2%
|
||
|
94
|
Argenx SE*
|
62,702
|
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
Netherlands - 0.2% - (continued)
|
||
|
241
|
ASML Holding NV
|
$178,283
|
|
|
4,389
|
ING Groep NV
|
72,949
|
|
|
|
|
|
313,934
|
|
|
Norway - 0.0%
|
||
|
1,131
|
Equinor ASA
|
27,239
|
|
|
|
Philippines - 0.0%
|
||
|
3,260
|
SM Investments Corp.
|
43,433
|
|
|
|
Singapore - 0.2%
|
||
|
3,410
|
DBS Group Holdings Ltd.
|
111,616
|
|
|
14,400
|
Keppel Ltd.
|
71,534
|
|
|
991
|
STMicroelectronics NV
|
22,140
|
|
|
|
|
|
205,290
|
|
|
South Africa - 0.1%
|
||
|
2,521
|
Anglo American PLC
|
73,818
|
|
|
13,894
|
FirstRand Ltd.
|
56,527
|
|
|
6,450
|
Remgro Ltd.
|
49,829
|
|
|
|
|
|
180,174
|
|
|
South Korea - 0.3%
|
||
|
166
|
Hanwha Aerospace Co. Ltd.*
|
45,482
|
|
|
1,338
|
KB Financial Group, Inc. ADR
|
83,585
|
|
|
238
|
POSCO Holdings, Inc. ADR
|
10,596
|
|
|
235
|
Samsung Electronics Co. Ltd. GDR(2)
|
213,145
|
|
|
1,873
|
Shinhan Financial Group Co. Ltd. ADR
|
65,592
|
|
|
|
|
|
418,400
|
|
|
Spain - 0.2%
|
||
|
7,676
|
Banco Bilbao Vizcaya Argentaria SA
|
87,391
|
|
|
18,713
|
Banco Santander SA
|
95,895
|
|
|
4,855
|
Iberdrola SA
|
68,608
|
|
|
|
|
|
251,894
|
|
|
Sweden - 0.2%
|
||
|
5,903
|
Atlas Copco AB Class A
|
98,614
|
|
|
4,413
|
Investor AB Class B
|
125,666
|
|
|
|
|
|
224,280
|
|
|
Switzerland - 0.6%
|
||
|
2,036
|
ABB Ltd.
|
110,865
|
|
|
493
|
Baloise Holding AG
|
89,958
|
|
|
375
|
Cie Financiere Richemont SA Class A
|
72,495
|
|
|
134
|
Geberit AG
|
74,741
|
|
|
10
|
Givaudan SA
|
43,777
|
|
|
76
|
Lonza Group AG
|
48,191
|
|
|
36
|
Partners Group Holding AG
|
54,689
|
|
|
211
|
Sika AG
|
53,586
|
|
|
464
|
TE Connectivity PLC
|
68,658
|
|
|
3,007
|
UBS Group AG
|
106,026
|
|
|
81
|
Zurich Insurance Group AG
|
49,083
|
|
|
|
|
|
772,069
|
|
|
Taiwan - 0.6%
|
||
|
3,252
|
Chunghwa Telecom Co. Ltd. ADR
|
126,308
|
|
|
8,180
|
Hon Hai Precision Industry Co. Ltd. GDR(2)
|
86,708
|
|
|
2,520
|
Taiwan Semiconductor Manufacturing Co. Ltd.
ADR
|
527,486
|
|
|
8,099
|
United Microelectronics Corp. ADR(3)
|
46,812
|
|
|
|
|
|
787,314
|
|
|
Thailand - 0.0%
|
||
|
23,500
|
Airports of Thailand PCL NVDR
|
38,403
|
|
|
|
United Kingdom - 0.9%
|
||
|
916
|
AstraZeneca PLC
|
128,584
|
|
|
3,063
|
BAE Systems PLC
|
46,301
|
|
|
27,304
|
Barclays PLC
|
100,069
|
|
|
7,000
|
CK Hutchison Holdings Ltd.
|
35,250
|
|
|
2,130
|
Compass Group PLC
|
73,388
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
United Kingdom - 0.9% - (continued)
|
||
|
3,251
|
Diageo PLC
|
$96,848
|
|
|
248
|
Flutter Entertainment PLC*
|
66,208
|
|
|
12,887
|
HSBC Holdings PLC
|
134,593
|
|
|
97,324
|
Lloyds Banking Group PLC
|
74,829
|
|
|
288
|
London Stock Exchange Group PLC
|
42,857
|
|
|
3,054
|
National Grid PLC
|
37,049
|
|
|
481
|
Reckitt Benckiser Group PLC
|
31,808
|
|
|
1,583
|
RELX PLC
|
78,606
|
|
|
1,789
|
Severn Trent PLC
|
55,873
|
|
|
1,645
|
Unilever PLC
|
94,221
|
|
|
23,365
|
Vodafone Group PLC
|
19,906
|
|
|
|
|
|
1,116,390
|
|
|
United States - 34.5%
|
||
|
468
|
3M Co.
|
71,230
|
|
|
1,016
|
Abbott Laboratories
|
129,977
|
|
|
1,257
|
AbbVie, Inc.
|
231,162
|
|
|
421
|
Adobe, Inc.*
|
184,166
|
|
|
1,503
|
Advanced Micro Devices, Inc.*
|
174,273
|
|
|
974
|
Aflac, Inc.
|
104,588
|
|
|
321
|
Agilent Technologies, Inc.
|
48,638
|
|
|
146
|
Air Products & Chemicals, Inc.
|
48,948
|
|
|
338
|
Airbnb, Inc. Class A*
|
44,335
|
|
|
913
|
Alcon AG
|
83,315
|
|
|
7,225
|
Alphabet, Inc. Class A
|
1,474,044
|
|
|
2,839
|
Alphabet, Inc. Class C
|
583,698
|
|
|
7,752
|
Amazon.com, Inc.*
|
1,842,495
|
|
|
2,452
|
Amcor PLC
|
23,833
|
|
|
358
|
American Electric Power Co., Inc.
|
35,213
|
|
|
1,033
|
American Express Co.
|
327,926
|
|
|
967
|
American International Group, Inc.
|
71,229
|
|
|
498
|
American Tower Corp. REIT
|
92,105
|
|
|
220
|
American Water Works Co., Inc.
|
27,421
|
|
|
165
|
Ameriprise Financial, Inc.
|
89,654
|
|
|
402
|
AMETEK, Inc.
|
74,193
|
|
|
337
|
Amgen, Inc.
|
96,187
|
|
|
2,222
|
Amphenol Corp. Class A
|
157,273
|
|
|
308
|
Analog Devices, Inc.
|
65,262
|
|
|
159
|
ANSYS, Inc.*
|
55,729
|
|
|
134
|
Aon PLC Class A
|
49,690
|
|
|
11,040
|
Apple, Inc.
|
2,605,440
|
|
|
534
|
Applied Materials, Inc.
|
96,307
|
|
|
163
|
AppLovin Corp. Class A*
|
60,243
|
|
|
600
|
Archer-Daniels-Midland Co.
|
30,738
|
|
|
2,531
|
Arista Networks, Inc.*
|
291,647
|
|
|
250
|
Arthur J Gallagher & Co.
|
75,455
|
|
|
4,067
|
AT&T, Inc.
|
96,510
|
|
|
525
|
Atmos Energy Corp.
|
74,818
|
|
|
213
|
Autodesk, Inc.*
|
66,315
|
|
|
316
|
Automatic Data Processing, Inc.
|
95,751
|
|
|
18
|
AutoZone, Inc.*
|
60,304
|
|
|
1,757
|
Ball Corp.
|
97,865
|
|
|
3,773
|
Bank of America Corp.
|
174,690
|
|
|
213
|
Becton Dickinson & Co.
|
52,739
|
|
|
681
|
Berkshire Hathaway, Inc. Class B*
|
319,164
|
|
|
51
|
Biogen, Inc.*
|
7,340
|
|
|
128
|
Bio-Rad Laboratories, Inc. Class A*
|
46,193
|
|
|
220
|
Blackrock, Inc.
|
236,610
|
|
|
525
|
Blackstone, Inc.
|
92,983
|
|
|
668
|
Block, Inc.*
|
60,668
|
|
|
447
|
Boeing Co.*
|
78,904
|
|
|
56
|
Booking Holdings, Inc.
|
265,303
|
|
|
2,350
|
Boston Scientific Corp.*
|
240,546
|
|
|
12,086
|
BP PLC
|
62,524
|
|
|
4,629
|
Bristol-Myers Squibb Co.
|
272,880
|
|
|
3,581
|
Broadcom, Inc.
|
792,368
|
|
|
577
|
Cadence Design Systems, Inc.*
|
171,727
|
|
|
447
|
Capital One Financial Corp.
|
91,058
|
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
United States - 34.5% - (continued)
|
||
|
1,887
|
Carrier Global Corp.
|
$123,372
|
|
|
454
|
Caterpillar, Inc.
|
168,634
|
|
|
489
|
CBRE Group, Inc. Class A*
|
70,778
|
|
|
696
|
Centene Corp.*
|
44,565
|
|
|
1,292
|
CenterPoint Energy, Inc.
|
42,080
|
|
|
948
|
Charles Schwab Corp.
|
78,419
|
|
|
82
|
Charter Communications, Inc. Class A*
|
28,330
|
|
|
248
|
Cheniere Energy, Inc.
|
55,465
|
|
|
988
|
Chevron Corp.
|
147,400
|
|
|
1,223
|
Chipotle Mexican Grill, Inc.*
|
71,362
|
|
|
632
|
Chubb Ltd.
|
171,828
|
|
|
225
|
Cigna Group
|
66,197
|
|
|
626
|
Cintas Corp.
|
125,557
|
|
|
2,400
|
Cisco Systems, Inc.
|
145,440
|
|
|
1,223
|
Citigroup, Inc.
|
99,589
|
|
|
214
|
CME Group, Inc.
|
50,615
|
|
|
3,542
|
Coca-Cola Co.
|
224,846
|
|
|
840
|
Cognizant Technology Solutions Corp. Class A
|
69,392
|
|
|
1,349
|
Colgate-Palmolive Co.
|
116,958
|
|
|
2,606
|
Comcast Corp. Class A
|
87,718
|
|
|
1,978
|
ConocoPhillips
|
195,486
|
|
|
382
|
Consolidated Edison, Inc.
|
35,809
|
|
|
241
|
Constellation Energy Corp.
|
72,295
|
|
|
1,817
|
Copart, Inc.*
|
105,259
|
|
|
791
|
Corteva, Inc.
|
51,629
|
|
|
476
|
CoStar Group, Inc.*
|
36,462
|
|
|
340
|
Costco Wholesale Corp.
|
333,159
|
|
|
4,674
|
Coterra Energy, Inc.
|
129,563
|
|
|
290
|
Crowdstrike Holdings, Inc. Class A*
|
115,440
|
|
|
453
|
Crown Castle, Inc. REIT
|
40,444
|
|
|
473
|
CSL Ltd.
|
81,660
|
|
|
1,474
|
CSX Corp.
|
48,450
|
|
|
926
|
CVS Health Corp.
|
52,300
|
|
|
605
|
Danaher Corp.
|
134,758
|
|
|
380
|
Darden Restaurants, Inc.
|
74,191
|
|
|
297
|
Deere & Co.
|
141,538
|
|
|
657
|
Devon Energy Corp.
|
22,404
|
|
|
398
|
Dexcom, Inc.*
|
34,558
|
|
|
301
|
Discover Financial Services
|
60,528
|
|
|
139
|
Dollar Tree, Inc.*
|
10,196
|
|
|
482
|
Dominion Energy, Inc.
|
26,794
|
|
|
849
|
Dow, Inc.
|
33,153
|
|
|
510
|
DR Horton, Inc.
|
72,369
|
|
|
380
|
Duke Energy Corp.
|
42,556
|
|
|
498
|
DuPont de Nemours, Inc.
|
38,246
|
|
|
289
|
Eaton Corp. PLC
|
94,341
|
|
|
1,186
|
eBay, Inc.
|
80,031
|
|
|
402
|
Ecolab, Inc.
|
100,576
|
|
|
481
|
Edwards Lifesciences Corp.*
|
34,848
|
|
|
154
|
Elevance Health, Inc.
|
60,938
|
|
|
667
|
Eli Lilly & Co.
|
540,990
|
|
|
914
|
Emerson Electric Co.
|
118,774
|
|
|
730
|
EOG Resources, Inc.
|
91,827
|
|
|
169
|
Equinix, Inc. REIT
|
154,409
|
|
|
197
|
Essex Property Trust, Inc. REIT
|
56,060
|
|
|
1,050
|
Estee Lauder Cos., Inc. Class A
|
87,601
|
|
|
703
|
Evergy, Inc.
|
45,112
|
|
|
683
|
Exelon Corp.
|
27,320
|
|
|
1,085
|
Experian PLC
|
53,447
|
|
|
339
|
Extra Space Storage, Inc. REIT
|
52,206
|
|
|
2,474
|
Exxon Mobil Corp.
|
264,297
|
|
|
48
|
Fair Isaac Corp.*
|
89,931
|
|
|
779
|
Fastenal Co.
|
57,054
|
|
|
190
|
FedEx Corp.
|
50,325
|
|
|
686
|
Fidelity National Information Services, Inc.
|
55,888
|
|
|
226
|
First Solar, Inc.*
|
37,860
|
|
|
577
|
Fiserv, Inc.*
|
124,655
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
United States - 34.5% - (continued)
|
||
|
3,689
|
Ford Motor Co.
|
$37,185
|
|
|
1,625
|
Fortinet, Inc.*
|
163,930
|
|
|
2,067
|
Freeport-McMoRan, Inc.
|
74,102
|
|
|
137
|
Gartner, Inc.*
|
74,368
|
|
|
255
|
GE HealthCare Technologies, Inc.
|
22,517
|
|
|
858
|
GE Vernova, Inc.
|
319,931
|
|
|
164
|
General Dynamics Corp.
|
42,145
|
|
|
1,737
|
General Electric Co.
|
353,601
|
|
|
629
|
General Mills, Inc.
|
37,828
|
|
|
1,818
|
General Motors Co.
|
89,918
|
|
|
797
|
Gilead Sciences, Inc.
|
77,468
|
|
|
253
|
Global Payments, Inc.
|
28,551
|
|
|
192
|
Goldman Sachs Group, Inc.
|
122,957
|
|
|
2,826
|
GSK PLC
|
49,228
|
|
|
933
|
Halliburton Co.
|
24,277
|
|
|
296
|
HCA Healthcare, Inc.
|
97,653
|
|
|
207
|
Hershey Co.
|
30,895
|
|
|
336
|
Hilton Worldwide Holdings, Inc.
|
86,040
|
|
|
798
|
Home Depot, Inc.
|
328,760
|
|
|
395
|
Honeywell International, Inc.
|
88,369
|
|
|
1,035
|
Howmet Aerospace, Inc.
|
131,010
|
|
|
1,381
|
HP, Inc.
|
44,883
|
|
|
96
|
Humana, Inc.
|
28,150
|
|
|
93
|
IDEXX Laboratories, Inc.*
|
39,251
|
|
|
180
|
Illinois Tool Works, Inc.
|
46,649
|
|
|
205
|
Illumina, Inc.*
|
27,212
|
|
|
2,471
|
Intel Corp.
|
48,012
|
|
|
430
|
Intercontinental Exchange, Inc.
|
68,727
|
|
|
1,035
|
International Business Machines Corp.
|
264,649
|
|
|
371
|
International Flavors & Fragrances, Inc.
|
32,310
|
|
|
1,422
|
Interpublic Group of Cos., Inc.
|
40,769
|
|
|
265
|
Intuit, Inc.
|
159,400
|
|
|
417
|
Intuitive Surgical, Inc.*
|
238,474
|
|
|
1,743
|
Invitation Homes, Inc. REIT
|
54,294
|
|
|
335
|
IQVIA Holdings, Inc.*
|
67,456
|
|
|
1,218
|
Johnson & Johnson
|
185,319
|
|
|
618
|
Johnson Controls International PLC
|
48,204
|
|
|
3,099
|
JP Morgan Chase & Co.
|
828,363
|
|
|
303
|
Keysight Technologies, Inc.*
|
54,040
|
|
|
265
|
Kimberly-Clark Corp.
|
34,442
|
|
|
1,431
|
Kinder Morgan, Inc.
|
39,324
|
|
|
911
|
KKR & Co., Inc.
|
152,201
|
|
|
103
|
KLA Corp.
|
76,039
|
|
|
166
|
L3Harris Technologies, Inc.
|
35,194
|
|
|
1,484
|
Lam Research Corp.
|
120,278
|
|
|
260
|
Leidos Holdings, Inc.
|
36,928
|
|
|
461
|
Lennar Corp. Class A
|
60,502
|
|
|
722
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
69,095
|
|
|
312
|
Linde PLC
|
139,189
|
|
|
429
|
Live Nation Entertainment, Inc.*
|
62,068
|
|
|
396
|
Lowe's Cos., Inc.
|
102,976
|
|
|
88
|
Lululemon Athletica, Inc.*
|
36,450
|
|
|
428
|
LyondellBasell Industries NV Class A
|
32,400
|
|
|
339
|
Marathon Petroleum Corp.
|
49,396
|
|
|
257
|
Marriott International, Inc. Class A
|
74,682
|
|
|
289
|
Marsh & McLennan Cos., Inc.
|
62,678
|
|
|
123
|
Martin Marietta Materials, Inc.
|
66,927
|
|
|
761
|
Marvell Technology, Inc.
|
85,886
|
|
|
632
|
Mastercard, Inc. Class A
|
351,032
|
|
|
376
|
McDonald's Corp.
|
108,551
|
|
|
147
|
McKesson Corp.
|
87,428
|
|
|
755
|
Medtronic PLC
|
68,569
|
|
|
2,048
|
Merck & Co., Inc.
|
202,383
|
|
|
1,935
|
Meta Platforms, Inc. Class A
|
1,333,563
|
|
|
440
|
MetLife, Inc.
|
38,064
|
|
|
435
|
Microchip Technology, Inc.
|
23,621
|
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
United States - 34.5% - (continued)
|
||
|
641
|
Micron Technology, Inc.
|
$58,485
|
|
|
5,765
|
Microsoft Corp.
|
2,392,821
|
|
|
230
|
Millrose Properties, Inc. REIT, Class A*(4)
|
2,544
|
|
|
179
|
Moderna, Inc.*
|
7,056
|
|
|
1,945
|
Mondelez International, Inc. Class A
|
112,791
|
|
|
822
|
Monster Beverage Corp.*
|
40,040
|
|
|
350
|
Moody's Corp.
|
174,804
|
|
|
1,879
|
Morgan Stanley
|
260,110
|
|
|
404
|
Motorola Solutions, Inc.
|
189,577
|
|
|
133
|
MSCI, Inc.
|
79,370
|
|
|
1,459
|
Nestle SA
|
123,928
|
|
|
534
|
Netflix, Inc.*
|
521,590
|
|
|
2,697
|
News Corp. Class A
|
75,840
|
|
|
3,006
|
NextEra Energy, Inc.
|
215,109
|
|
|
764
|
NIKE, Inc. Class B
|
58,752
|
|
|
198
|
Norfolk Southern Corp.
|
50,549
|
|
|
97
|
Northrop Grumman Corp.
|
47,265
|
|
|
1,188
|
Novartis AG
|
124,356
|
|
|
246
|
Nucor Corp.
|
31,594
|
|
|
20,678
|
NVIDIA Corp.
|
2,482,807
|
|
|
7
|
NVR, Inc.*
|
56,113
|
|
|
553
|
Occidental Petroleum Corp.
|
25,797
|
|
|
736
|
ONEOK, Inc.
|
71,517
|
|
|
1,587
|
Oracle Corp.
|
269,885
|
|
|
133
|
O'Reilly Automotive, Inc.*
|
172,158
|
|
|
485
|
Otis Worldwide Corp.
|
46,279
|
|
|
495
|
PACCAR, Inc.
|
54,886
|
|
|
1,502
|
Palantir Technologies, Inc. Class A*
|
123,900
|
|
|
519
|
Palo Alto Networks, Inc.*
|
95,714
|
|
|
401
|
Parker-Hannifin Corp.
|
283,527
|
|
|
838
|
Paychex, Inc.
|
123,747
|
|
|
633
|
PayPal Holdings, Inc.*
|
56,071
|
|
|
883
|
PepsiCo, Inc.
|
133,059
|
|
|
3,204
|
Pfizer, Inc.
|
84,970
|
|
|
327
|
Phillips 66
|
38,543
|
|
|
328
|
PNC Financial Services Group, Inc.
|
65,912
|
|
|
265
|
PPG Industries, Inc.
|
30,576
|
|
|
2,600
|
Procter & Gamble Co.
|
431,574
|
|
|
419
|
Progressive Corp.
|
103,258
|
|
|
616
|
Prologis, Inc. REIT
|
73,458
|
|
|
305
|
Prudential Financial, Inc.
|
36,832
|
|
|
526
|
Public Service Enterprise Group, Inc.
|
43,942
|
|
|
160
|
Public Storage REIT
|
47,757
|
|
|
622
|
QUALCOMM, Inc.
|
107,562
|
|
|
321
|
Reddit, Inc. Class A*
|
64,056
|
|
|
69
|
Regeneron Pharmaceuticals, Inc.*
|
46,436
|
|
|
179
|
ResMed, Inc.
|
42,276
|
|
|
393
|
Roche Holding AG
|
123,548
|
|
|
122
|
Roper Technologies, Inc.
|
70,229
|
|
|
374
|
Ross Stores, Inc.
|
56,309
|
|
|
595
|
RTX Corp.
|
76,725
|
|
|
311
|
S&P Global, Inc.
|
162,159
|
|
|
909
|
Salesforce, Inc.
|
310,605
|
|
|
677
|
Sanofi SA
|
73,578
|
|
|
142
|
SBA Communications Corp. REIT
|
28,054
|
|
|
1,714
|
Schlumberger NV
|
69,040
|
|
|
314
|
Schneider Electric SE
|
79,638
|
|
|
1,178
|
SEI Investments Co.
|
101,991
|
|
|
486
|
Sempra
|
40,304
|
|
|
261
|
ServiceNow, Inc.*
|
265,797
|
|
|
4,068
|
Shell PLC
|
133,572
|
|
|
343
|
Sherwin-Williams Co.
|
122,849
|
|
|
680
|
Simon Property Group, Inc. REIT
|
118,225
|
|
|
688
|
Snowflake, Inc. Class A*
|
124,879
|
|
|
52
|
Solventum Corp.*
|
3,851
|
|
|
553
|
Southern Co.
|
46,424
|
|
|
846
|
Starbucks Corp.
|
91,097
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 45.7% - (continued)
|
|||
|
|
United States - 34.5% - (continued)
|
||
|
271
|
Steel Dynamics, Inc.
|
$34,742
|
|
|
2,801
|
Stellantis NV
|
37,399
|
|
|
464
|
Stryker Corp.
|
181,559
|
|
|
128
|
Synopsys, Inc.*
|
67,261
|
|
|
893
|
Sysco Corp.
|
65,118
|
|
|
366
|
T. Rowe Price Group, Inc.
|
42,793
|
|
|
572
|
Targa Resources Corp.
|
112,570
|
|
|
326
|
Target Corp.
|
44,959
|
|
|
129
|
Teledyne Technologies, Inc.*
|
65,962
|
|
|
2,028
|
Tesla, Inc.*
|
820,529
|
|
|
674
|
Texas Instruments, Inc.
|
124,427
|
|
|
285
|
Texas Roadhouse, Inc.
|
51,614
|
|
|
427
|
Thermo Fisher Scientific, Inc.
|
255,239
|
|
|
1,795
|
TJX Cos., Inc.
|
223,998
|
|
|
934
|
T-Mobile U.S., Inc.
|
217,594
|
|
|
795
|
Tractor Supply Co.
|
43,216
|
|
|
417
|
Trade Desk, Inc. Class A*
|
49,490
|
|
|
276
|
Trane Technologies PLC
|
100,119
|
|
|
55
|
TransDigm Group, Inc.
|
74,434
|
|
|
973
|
Trimble, Inc.*
|
72,936
|
|
|
3,420
|
U.S. Bancorp
|
163,408
|
|
|
2,238
|
Uber Technologies, Inc.*
|
149,610
|
|
|
705
|
Union Pacific Corp.
|
174,692
|
|
|
418
|
United Parcel Service, Inc. Class B
|
47,748
|
|
|
892
|
UnitedHealth Group, Inc.
|
483,901
|
|
|
275
|
Valero Energy Corp.
|
36,575
|
|
|
178
|
Veeva Systems, Inc. Class A*
|
41,520
|
|
|
1,219
|
Ventas, Inc. REIT
|
73,652
|
|
|
498
|
VeriSign, Inc.*
|
107,070
|
|
|
2,444
|
Verizon Communications, Inc.
|
96,269
|
|
|
216
|
Vertex Pharmaceuticals, Inc.*
|
99,723
|
|
|
294
|
Vertiv Holdings Co. Class A
|
34,404
|
|
|
1,670
|
Visa, Inc. Class A
|
570,806
|
|
|
237
|
Vulcan Materials Co.
|
64,974
|
|
|
4,044
|
Walmart, Inc.
|
396,959
|
|
|
1,268
|
Walt Disney Co.
|
143,360
|
|
|
2,804
|
Warner Bros Discovery, Inc.*
|
29,274
|
|
|
275
|
Waste Connections, Inc.
|
50,537
|
|
|
238
|
Waste Management, Inc.
|
52,422
|
|
|
392
|
WEC Energy Group, Inc.
|
38,910
|
|
|
2,022
|
Wells Fargo & Co.
|
159,334
|
|
|
1,099
|
Williams Cos., Inc.
|
60,918
|
|
|
246
|
Workday, Inc. Class A*
|
64,467
|
|
|
425
|
Xcel Energy, Inc.
|
28,560
|
|
|
559
|
XPO, Inc.*
|
74,722
|
|
|
269
|
Yum! Brands, Inc.
|
35,105
|
|
|
162
|
Zebra Technologies Corp. Class A*
|
63,494
|
|
|
325
|
Zoetis, Inc.
|
55,542
|
|
|
|
|
|
45,128,699
|
|
|
Total Common Stocks
(cost $50,685,480)
|
|
$59,737,591
|
|
EXCHANGE-TRADED FUNDS - 24.1%
|
|||
|
|
Other Investment Pools & Funds - 24.1%
|
||
|
87,082
|
iShares iBoxx $ Investment Grade Corporate
Bond ETF(3)
|
$9,357,832
|
|
|
47,651
|
Ishares Trust-Ishares iboxx $ High Yield
Corporate Bond ETF(3)
|
3,798,738
|
|
|
72,434
|
SPDR Bloomberg High Yield Bond ETF
|
7,008,714
|
|
|
154,074
|
SPDR Gold MiniShares Trust*
|
8,548,025
|
|
|
25,396
|
SPDR S&P Homebuilders ETF(3)
|
2,752,926
|
|
|
|
Total Exchange-Traded Funds
(cost $30,119,879)
|
|
$31,466,235
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
PREFERRED STOCKS - 0.1%
|
|||
|
|
Brazil - 0.1%
|
||
|
71,190
|
Itausa SA (Preference Shares)(5)
|
$116,091
|
|
|
|
Total Preferred Stocks
(cost $111,349)
|
|
$116,091
|
|
|
Total Long-Term Investments
(cost $88,410,321)
|
|
$98,848,535
|
|
SHORT-TERM INVESTMENTS - 32.5%
|
|||
|
|
Securities Lending Collateral - 11.4%
|
||
|
2,346,242
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.31%(6)
|
$2,346,242
|
|
|
7,820,804
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.31%(6)
|
7,820,804
|
|
|
2,346,241
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.31%(6)
|
2,346,241
|
|
|
2,346,241
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class,
4.31%(6)
|
2,346,241
|
|
|
|
|
|
14,859,528
|
|
|
U.S. Treasury Securities - 21.1%
|
||
|
|
U.S. Treasury Bills - 21.1%
|
||
|
$ 2,333,000
|
4.17%, 03/13/2025(7)
|
2,322,119
|
|
|
2,986,000
|
4.20%, 03/27/2025(7)
|
2,967,211
|
|
|
5,632,000
|
4.22%, 04/03/2025(7)
|
5,592,987
|
|
|
1,302,000
|
4.24%, 04/17/2025(7)
|
1,290,957
|
|
|
6,100,000
|
4.24%, 07/24/2025(7)
|
5,980,188
|
|
|
2,621,000
|
4.27%, 03/27/2025(7)
|
2,604,238
|
|
|
3,253,000
|
4.30%, 03/13/2025(7)
|
3,237,346
|
|
|
408,000
|
4.33%, 04/17/2025(7)
|
404,540
|
|
|
1,600,000
|
4.37%, 04/17/2025(7)
|
1,586,430
|
|
|
1,600,000
|
4.40%, 04/17/2025(7)
|
1,586,430
|
|
|
|
|
|
27,572,446
|
|
|
Total Short-Term Investments
(cost $42,427,453)
|
$42,431,974
|
|
|
|
Total Investments
(cost $130,837,774)
|
108.1
%
|
$141,280,509
|
|
|
Other Assets and Liabilities
|
(8.1
)%
|
(10,608,994
)
|
|
|
Net Assets
|
100.0
%
|
$130,671,515
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$202,795, representing 0.2% of net assets.
|
|
(2)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At January 31, 2025, the aggregate
value of these securities was $567,742, representing 0.4% of net assets.
|
|
(3)
|
Represents entire or partial securities on loan.
|
|
(4)
|
Investment valued using significant unobservable inputs.
|
|
(5)
|
Currently no rate available.
|
|
(6)
|
Current yield as of period end.
|
|
(7)
|
The rate shown represents current yield to maturity.
|
|
Futures Contracts Outstanding at January 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
CAC 40 Index Future
|
16
|
02/21/2025
|
$1,321,897
|
$14,679
|
|
E-Mini Energy Select Sector Future
|
21
|
03/21/2025
|
1,937,040
|
(55,933
)
|
|
E-Mini Financial Select Sector Future
|
26
|
03/21/2025
|
4,143,165
|
102,137
|
|
Euro STOXX 50 Future
|
24
|
03/21/2025
|
1,317,332
|
16,406
|
|
S&P 500 (E-Mini) Future
|
51
|
03/21/2025
|
15,471,488
|
138,966
|
|
|
22
|
|
|
Futures Contracts Outstanding at January 31, 2025 – (continued)
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts – (continued):
|
||||
|
U.S. Treasury 10-Year Ultra Future
|
191
|
03/20/2025
|
$21,272,625
|
$(129,549
)
|
|
Total futures contracts
|
$86,706
|
|||
|
OTC Total Return Swap Contracts Outstanding at January 31, 2025
|
||||||||||
|
Reference Entity
|
Counter-
party
|
Notional
Amount
|
Payments
received (paid)
by the Fund
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
Depreciation
|
|
|
Bloomberg Energy Subindex 3 Month Forward Index
|
BOA
|
USD
|
2,077,144
|
(0.06%
)
|
04/01/2025
|
Monthly
|
$—
|
$—
|
$(7
)
|
$(7
)
|
|
Centrally Cleared Credit Default Swap Contracts Outstanding at January 31, 2025
|
|||||||||
|
Reference Entity
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Credit default swaps on indices:
|
|
||||||||
|
Buy protection:
|
|
||||||||
|
CDX.NA.IG.S42
|
USD
|
2,276,577
|
(1.00%)
|
06/20/2029
|
Quarterly
|
$—
|
$(46,110
)
|
$(54,458
)
|
$(8,348
)
|
|
CDX.NA.IG.S43
|
USD
|
6,293,378
|
(1.00%)
|
12/20/2029
|
Quarterly
|
—
|
(142,749
)
|
(150,279
)
|
(7,530
)
|
|
Total centrally cleared credit default swap contracts
|
$—
|
$(188,859
)
|
$(204,737
)
|
$(15,878
)
|
|||||
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
|
Foreign Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
1,403,000
|
AUD
|
882,229
|
USD
|
MSC
|
02/26/2025
|
$(9,913
)
|
|
3,924,000
|
CAD
|
2,725,759
|
USD
|
HSBC
|
02/26/2025
|
(23,086
)
|
|
844,000
|
EUR
|
880,503
|
USD
|
UBS
|
02/26/2025
|
(3,970
)
|
|
2,227,000
|
GBP
|
2,741,452
|
USD
|
BCLY
|
02/26/2025
|
19,595
|
|
137,126,000
|
JPY
|
882,070
|
USD
|
HSBC
|
02/26/2025
|
4,564
|
|
115,000
|
NZD
|
64,423
|
USD
|
GSC
|
02/26/2025
|
470
|
|
426,746
|
USD
|
688,000
|
AUD
|
UBS
|
02/26/2025
|
(1,019
)
|
|
4,488,208
|
USD
|
6,466,283
|
CAD
|
BCLY
|
02/26/2025
|
34,526
|
|
733,538
|
USD
|
1,056,000
|
CAD
|
HSBC
|
02/26/2025
|
6,213
|
|
685,286
|
USD
|
622,000
|
CHF
|
GSC
|
02/26/2025
|
459
|
|
117,857
|
USD
|
852,000
|
DKK
|
HSBC
|
02/26/2025
|
(746
)
|
|
1,333,569
|
USD
|
1,293,000
|
EUR
|
MSC
|
02/26/2025
|
(9,271
)
|
|
1,881,150
|
USD
|
1,823,000
|
EUR
|
GSC
|
02/26/2025
|
(12,119
)
|
|
367,985
|
USD
|
302,000
|
GBP
|
MSC
|
02/26/2025
|
(6,436
)
|
|
3,684,508
|
USD
|
3,024,000
|
GBP
|
UBS
|
02/26/2025
|
(64,664
)
|
|
1,201,630
|
USD
|
9,350,000
|
HKD
|
MSC
|
02/26/2025
|
889
|
|
2,144,948
|
USD
|
332,700,000
|
JPY
|
HSBC
|
02/26/2025
|
(6,235
)
|
|
48,852
|
USD
|
544,000
|
SEK
|
BCLY
|
02/26/2025
|
(283
)
|
|
Total foreign currency contracts
|
$(71,026
)
|
|||||
|
Foreign Cross Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Contract
Amount
|
Counterparty
|
Delivery Date
|
Contract
Amount
|
Unrealized
Appreciation/
Depreciation
|
||
|
JPY
|
1,307,851
|
MSC
|
02/26/2025
|
CAD
|
1,302,782
|
$5,069
|
|
|
23
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
U.S. Government Agencies
|
$7,528,618
|
$—
|
$7,528,618
|
$—
|
|
Common Stocks
|
59,737,591
|
48,288,027
|
11,447,020
|
2,544
|
|
Exchange-Traded Funds
|
31,466,235
|
31,466,235
|
—
|
—
|
|
Preferred Stocks
|
116,091
|
116,091
|
—
|
—
|
|
Short-Term Investments
|
42,431,974
|
14,859,528
|
27,572,446
|
—
|
|
Foreign Currency Contracts(2)
|
71,785
|
—
|
71,785
|
—
|
|
Futures Contracts(2)
|
272,188
|
272,188
|
—
|
—
|
|
Total
|
$141,624,482
|
$95,002,069
|
$46,619,869
|
$2,544
|
|
Liabilities
|
|
|
|
|
|
Swaps - Total Return(2)
|
$(7
)
|
$—
|
$(7
)
|
$—
|
|
Foreign Currency Contracts(2)
|
(137,742
)
|
—
|
(137,742
)
|
—
|
|
Futures Contracts(2)
|
(185,482
)
|
(185,482
)
|
—
|
—
|
|
Swaps - Credit Default(2)
|
(15,878
)
|
—
|
(15,878
)
|
—
|
|
Total
|
$(339,109
)
|
$(185,482
)
|
$(153,627
)
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
24
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.3%
|
|||
|
|
Brazil - 8.0%
|
||
|
7,270,765
|
Banco BTG Pactual SA
|
$40,521,354
|
|
|
6,546,708
|
Equatorial Energia SA
|
33,775,078
|
|
|
14,208,688
|
Itau Unibanco Holding SA ADR
|
82,410,390
|
|
|
8,031,498
|
Lojas Renner SA
|
18,759,242
|
|
|
24,172
|
MercadoLibre, Inc.*
|
46,463,177
|
|
|
1,659,589
|
NU Holdings Ltd. Class A*
|
21,972,958
|
|
|
5,940,536
|
Petroleo Brasileiro SA ADR
|
84,415,017
|
|
|
5,829,912
|
PRIO SA*
|
40,890,836
|
|
|
8,131,602
|
Raia Drogasil SA
|
29,345,315
|
|
|
3,510,979
|
Suzano SA
|
37,470,549
|
|
|
5,136,345
|
Vale SA ADR
|
47,716,645
|
|
|
3,890,747
|
WEG SA
|
36,643,546
|
|
|
|
|
|
520,384,107
|
|
|
Chile - 0.6%
|
||
|
1,730,031
|
Antofagasta PLC
|
36,684,291
|
|
|
|
China - 25.3%
|
||
|
2,004,696
|
Alibaba Group Holding Ltd.
|
24,590,564
|
|
|
9,976,800
|
China Pacific Insurance Group Co. Ltd. Class H
|
29,718,717
|
|
|
2,065,500
|
China Resources Beer Holdings Co. Ltd.
|
6,262,077
|
|
|
2,335,249
|
Contemporary Amperex Technology Co. Ltd.
Class A
|
83,261,873
|
|
|
7,098,637
|
Fuyao Glass Industry Group Co. Ltd. Class A
|
58,454,212
|
|
|
9,045,500
|
Innovent Biologics, Inc.*(1)
|
38,493,593
|
|
|
5,117,000
|
JD.com, Inc. Class A
|
104,083,974
|
|
|
2,139,862
|
Kanzhun Ltd. ADR*
|
30,835,411
|
|
|
89,113
|
Kweichow Moutai Co. Ltd. Class A
|
17,704,910
|
|
|
7,742,500
|
Meituan Class B*(1)
|
147,359,530
|
|
|
5,724,145
|
Midea Group Co. Ltd. Class A
|
58,405,240
|
|
|
17,554,942
|
NARI Technology Co. Ltd. Class A
|
55,932,272
|
|
|
4,919,000
|
NetEase, Inc.
|
101,110,943
|
|
|
6,771,200
|
Nongfu Spring Co. Ltd. Class H(1)
|
31,944,447
|
|
|
315,193
|
PDD Holdings, Inc. ADR*
|
35,273,249
|
|
|
32,170,000
|
PICC Property & Casualty Co. Ltd. Class H
|
52,267,553
|
|
|
14,847,965
|
Satellite Chemical Co. Ltd. Class A
|
41,064,907
|
|
|
7,288,145
|
Shenzhen Inovance Technology Co. Ltd. Class A
|
60,680,961
|
|
|
3,414,300
|
Shenzhou International Group Holdings Ltd.
|
25,722,804
|
|
|
3,260,934
|
Sieyuan Electric Co. Ltd. Class A
|
36,321,879
|
|
|
6,851,700
|
Tencent Holdings Ltd.
|
360,503,444
|
|
|
3,885,390
|
Tencent Music Entertainment Group ADR
|
46,546,972
|
|
|
1,635,482
|
Trip.com Group Ltd. ADR*
|
114,761,772
|
|
|
4,030,000
|
Tsingtao Brewery Co. Ltd. Class H
|
24,751,487
|
|
|
10,415,764
|
Zhejiang Weixing New Building Materials Co. Ltd.
Class A
|
17,502,528
|
|
|
28,784,000
|
Zijin Mining Group Co. Ltd. Class H
|
54,414,313
|
|
|
|
|
|
1,657,969,632
|
|
|
Greece - 0.5%
|
||
|
13,010,829
|
Eurobank Ergasias Services & Holdings SA
Class A
|
32,562,544
|
|
|
|
Hong Kong - 0.9%
|
||
|
8,349,000
|
AIA Group Ltd.
|
58,694,671
|
|
|
|
Hungary - 0.6%
|
||
|
637,492
|
OTP Bank Nyrt
|
39,441,254
|
|
|
|
India - 15.4%
|
||
|
12,778,406
|
Ashok Leyland Ltd.
|
31,845,173
|
|
|
5,416,746
|
Axis Bank Ltd.
|
61,374,734
|
|
|
4,799,135
|
Bharti Airtel Ltd.
|
89,765,415
|
|
|
269,753
|
Coforge Ltd.
|
25,582,973
|
|
|
707,347
|
HCL Technologies Ltd.
|
14,037,434
|
|
|
7,299,123
|
HDFC Bank Ltd.
|
142,868,374
|
|
|
7,200,302
|
ICICI Bank Ltd.
|
103,616,230
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.3% - (continued)
|
|||
|
|
India - 15.4% - (continued)
|
||
|
1,627,791
|
Infosys Ltd.
|
$35,419,613
|
|
|
2,502,030
|
Mahindra & Mahindra Ltd.
|
85,990,254
|
|
|
353,031
|
MakeMyTrip Ltd.*
|
38,575,697
|
|
|
2,114,973
|
PB Fintech Ltd.*
|
41,931,846
|
|
|
19,373,643
|
Power Grid Corp. of India Ltd.
|
67,279,830
|
|
|
3,387,949
|
Reliance Industries Ltd.
|
49,304,342
|
|
|
2,106,581
|
Sun Pharmaceutical Industries Ltd.
|
42,327,824
|
|
|
2,307,685
|
Tata Consultancy Services Ltd.
|
109,196,260
|
|
|
2,421,652
|
Tata Consumer Products Ltd.
|
28,554,444
|
|
|
6,950,200
|
Varun Beverages Ltd.
|
43,069,515
|
|
|
|
|
|
1,010,739,958
|
|
|
Indonesia - 1.1%
|
||
|
94,283,800
|
Bank Central Asia Tbk. PT
|
54,465,834
|
|
|
94,840,900
|
Telkom Indonesia Persero Tbk. PT
|
15,274,075
|
|
|
|
|
|
69,739,909
|
|
|
Malaysia - 0.5%
|
||
|
16,477,100
|
CIMB Group Holdings Bhd.
|
29,578,603
|
|
|
|
Mexico - 3.6%
|
||
|
4,923,046
|
Cemex SAB de CV ADR
|
29,193,663
|
|
|
899,664
|
Fomento Economico Mexicano SAB de CV ADR
|
76,759,332
|
|
|
1,501,696
|
Grupo Aeroportuario del Pacifico SAB de CV
Class B
|
27,713,473
|
|
|
7,545,202
|
Grupo Financiero Banorte SAB de CV Class O
|
52,374,378
|
|
|
18,031,515
|
Wal-Mart de Mexico SAB de CV
|
46,971,392
|
|
|
|
|
|
233,012,238
|
|
|
Peru - 0.7%
|
||
|
247,540
|
Credicorp Ltd.
|
45,324,574
|
|
|
|
Poland - 1.9%
|
||
|
744,355
|
Bank Polska Kasa Opieki SA
|
29,199,508
|
|
|
3,399,202
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
55,769,748
|
|
|
3,098,728
|
Powszechny Zaklad Ubezpieczen SA
|
37,995,414
|
|
|
|
|
|
122,964,670
|
|
|
Portugal - 0.5%
|
||
|
1,811,261
|
Jeronimo Martins SGPS SA
|
35,795,003
|
|
|
|
Qatar - 0.5%
|
||
|
7,073,171
|
Qatar National Bank QPSC
|
32,433,024
|
|
|
|
Russia - 0.0%
|
||
|
67,747
|
Polyus PJSC*(2)
|
—
|
|
|
5,358,303
|
Rosneft Oil Co. PJSC*(2)
|
—
|
|
|
|
|
|
—
|
|
|
Saudi Arabia - 1.0%
|
||
|
7,138,033
|
Saudi National Bank
|
65,017,978
|
|
|
|
South Africa - 4.1%
|
||
|
5,369,305
|
Absa Group Ltd.
|
53,358,232
|
|
|
633,008
|
Anglo American Platinum Ltd.
|
22,208,147
|
|
|
1,287,863
|
Bid Corp. Ltd.
|
32,847,141
|
|
|
2,183,448
|
Bidvest Group Ltd.
|
29,785,836
|
|
|
11,429,557
|
FirstRand Ltd.
|
46,501,165
|
|
|
3,125,147
|
Gold Fields Ltd.
|
53,395,336
|
|
|
2,020,166
|
Shoprite Holdings Ltd.
|
30,836,524
|
|
|
|
|
|
268,932,381
|
|
|
South Korea - 8.2%
|
||
|
158,565
|
Hanwha Aerospace Co. Ltd.*
|
43,444,627
|
|
|
625,203
|
KB Financial Group, Inc.
|
39,169,778
|
|
|
918,178
|
Kia Corp.
|
64,068,467
|
|
|
167,144
|
LG Electronics, Inc.
|
9,630,165
|
|
|
195,742
|
NAVER Corp.*
|
28,986,854
|
|
|
|
25
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.3% - (continued)
|
|||
|
|
South Korea - 8.2% - (continued)
|
||
|
62,917
|
Samsung Biologics Co. Ltd.*(1)
|
$46,533,158
|
|
|
177,788
|
Samsung Electro-Mechanics Co. Ltd.
|
16,284,132
|
|
|
5,566,389
|
Samsung Electronics Co. Ltd.
|
198,796,455
|
|
|
109,090
|
Samsung Fire & Marine Insurance Co. Ltd.
|
28,472,099
|
|
|
461,230
|
SK Hynix, Inc.
|
62,095,205
|
|
|
|
|
|
537,480,940
|
|
|
Taiwan - 21.0%
|
||
|
2,563,000
|
Accton Technology Corp.
|
58,855,170
|
|
|
11,460,036
|
ASE Technology Holding Co. Ltd.
|
59,483,380
|
|
|
23,940,264
|
Cathay Financial Holding Co. Ltd.
|
48,270,252
|
|
|
35,528,000
|
CTBC Financial Holding Co. Ltd.
|
42,288,440
|
|
|
5,447,000
|
Delta Electronics, Inc.
|
70,974,603
|
|
|
6,320,000
|
E Ink Holdings, Inc.
|
53,047,275
|
|
|
17,998,000
|
Hon Hai Precision Industry Co. Ltd.
|
96,102,721
|
|
|
2,734,000
|
MediaTek, Inc.
|
118,401,408
|
|
|
23,896,139
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
797,487,885
|
|
|
12,242,000
|
Uni-President Enterprises Corp.
|
29,066,676
|
|
|
|
|
|
1,373,977,810
|
|
|
Thailand - 0.6%
|
||
|
8,782,700
|
Kasikornbank PCL NVDR
|
41,755,325
|
|
|
|
United Arab Emirates - 1.9%
|
||
|
6,575,176
|
Abu Dhabi Commercial Bank PJSC
|
21,428,380
|
|
|
19,360,727
|
Emaar Properties PJSC
|
71,059,885
|
|
|
7,810,929
|
First Abu Dhabi Bank PJSC
|
30,898,224
|
|
|
|
|
|
123,386,489
|
|
|
United States - 0.4%
|
||
|
133,601
|
Globant SA*
|
28,499,765
|
|
|
|
Total Common Stocks
(cost $4,624,443,543)
|
|
$6,364,375,166
|
|
RIGHTS - 0.0%
|
|||
|
|
Brazil - 0.0%
|
||
|
21,157
|
Equatorial Energia SA Expires 2/13/2025*
|
$17,196
|
|
|
|
Total Rights
(cost $—)
|
|
$17,196
|
|
|
Total Long-Term Investments
(cost $4,624,443,543)
|
|
$6,364,392,362
|
|
|
Total Investments
(cost $4,624,443,543)
|
97.3
%
|
$6,364,392,362
|
|
|
Other Assets and Liabilities
|
2.7
%
|
179,337,999
|
|
|
Net Assets
|
100.0
%
|
$6,543,730,361
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$264,330,728, representing 4.0% of net assets.
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
Foreign Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
49,313,723
|
HKD
|
6,331,296
|
USD
|
SSG
|
02/03/2025
|
$(1,916
)
|
|
|
26
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$6,364,375,166
|
$1,258,283,676
|
$5,106,091,490
|
$—
|
|
Rights
|
17,196
|
17,196
|
—
|
—
|
|
Total
|
$6,364,392,362
|
$1,258,300,872
|
$5,106,091,490
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(1,916
)
|
$—
|
$(1,916
)
|
$—
|
|
Total
|
$(1,916
)
|
$—
|
$(1,916
)
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
27
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 41.8%
|
|||
|
|
Argentina - 0.6%
|
||
|
$ 40,000
|
Vista Energy Argentina SAU 7.63%,
12/10/2035(1)
|
$39,240
|
|
|
100,000
|
YPF SA 8.25%, 01/17/2034(1)
|
100,500
|
|
|
|
|
|
139,740
|
|
|
Brazil - 6.8%
|
||
|
200,000
|
Aegea Finance SARL 9.00%, 01/20/2031(1)
|
208,072
|
|
|
200,000
|
Braskem Netherlands Finance BV 8.50%,
01/23/2081, (8.50% fixed rate until
10/24/2025; 5 yr. USD CMT + 8.22%
thereafter)(2)(3)
|
198,827
|
|
|
200,000
|
Cosan Overseas Ltd. 8.25%,
05/05/2025(3)(4)
|
202,370
|
|
|
184,129
|
MC Brazil Downstream Trading SARL
7.25%, 06/30/2031(1)
|
155,751
|
|
|
200,000
|
NewCo Holding USD 20 SARL 9.38%,
11/07/2029(3)
|
203,955
|
|
|
143,944
|
Prumo Participacoes e Investimentos SA
7.50%, 12/31/2031(1)
|
144,054
|
|
|
200,000
|
Raizen Fuels Finance SA 6.45%,
03/05/2034(1)
|
197,193
|
|
|
146,881
|
Samarco Mineracao SA 9.00%,
06/30/2031(1)(5)
|
142,056
|
|
|
198,236
|
Yinson Boronia Production BV 8.95%,
07/31/2042(3)
|
206,493
|
|
|
|
|
|
1,658,771
|
|
|
Chile - 2.6%
|
||
|
200,000
|
Banco de Credito e Inversiones SA 7.50%,
12/12/2034, (7.50% fixed rate until
12/12/2034; 5 yr. USD CMT + 3.77%
thereafter)(1)(2)(4)
|
196,750
|
|
|
200,000
|
Banco del Estado de Chile 7.95%,
05/02/2029, (7.95% fixed rate until
05/02/2029; 5 yr. USD CMT + 3.23%
thereafter)(1)(2)(4)
|
207,750
|
|
|
200,000
|
Corp. Nacional del Cobre de Chile 6.33%,
01/13/2035(1)
|
202,900
|
|
|
19,000
|
Latam Airlines Group SA 7.88%,
04/15/2030(1)
|
19,095
|
|
|
|
|
|
626,495
|
|
|
China - 0.7%
|
||
|
200,000
|
Tencent Holdings Ltd. 4.53%, 04/11/2049(1)
|
166,446
|
|
|
|
Colombia - 2.2%
|
||
|
|
Ecopetrol SA
|
|
|
|
79,000
|
7.38%, 09/18/2043
|
67,750
|
|
|
54,000
|
8.38%, 01/19/2036
|
52,335
|
|
|
52,000
|
8.88%, 01/13/2033
|
53,596
|
|
|
200,000
|
Empresas Publicas de Medellin ESP
4.38%, 02/15/2031(1)
|
173,194
|
|
|
200,000
|
Geopark Ltd. 8.75%, 01/31/2030(1)
|
198,300
|
|
|
|
|
|
545,175
|
|
|
Costa Rica - 0.9%
|
||
|
200,000
|
Liberty Costa Rica Senior Secured Finance
10.88%, 01/15/2031(1)
|
215,606
|
|
|
|
Ghana - 0.8%
|
||
|
200,000
|
Kosmos Energy Ltd. 7.75%, 05/01/2027(1)
|
193,740
|
|
|
|
Israel - 1.7%
|
||
|
|
Energean Israel Finance Ltd.
|
|
|
|
80,000
|
5.88%, 03/30/2031(3)
|
73,528
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 41.8% - (continued)
|
|||
|
|
Israel - 1.7% - (continued)
|
||
|
$ 125,550
|
8.50%, 09/30/2033(3)
|
$129,473
|
|
|
200,000
|
Energean PLC 6.50%, 04/30/2027(3)
|
199,650
|
|
|
|
|
|
402,651
|
|
|
Jamaica - 0.8%
|
||
|
200,000
|
Kingston Airport Revenue Finance Ltd.
6.75%, 12/15/2036(1)
|
199,800
|
|
|
|
Kazakhstan - 0.8%
|
||
|
200,000
|
KazMunayGas National Co. JSC 6.38%,
10/24/2048(1)
|
184,500
|
|
|
|
Kuwait - 0.8%
|
||
|
200,000
|
MEGlobal Canada ULC 5.88%,
05/18/2030(1)
|
204,120
|
|
|
|
Macau - 0.8%
|
||
|
200,000
|
Sands China Ltd. 5.40%, 08/08/2028(6)
|
199,119
|
|
|
|
Mexico - 11.3%
|
||
|
200,000
|
Alfa SAB de CV 6.88%, 03/25/2044(1)
|
206,354
|
|
|
200,000
|
Banco Mercantil del Norte SA 7.63%,
01/10/2028, (7.63% fixed rate until
01/10/2028; 10 yr. USD CMT + 5.35%
thereafter)(1)(2)(4)
|
197,263
|
|
|
200,000
|
BBVA Bancomer SA 8.45%, 06/29/2038,
(8.45% fixed rate until 06/29/2033; 5 yr.
USD CMT + 4.66% thereafter)(1)(2)
|
206,895
|
|
|
200,000
|
Cemex SAB de CV 9.13%, 03/14/2028,
(9.13% fixed rate until 03/14/2028; 5 yr.
USD CMT + 5.16% thereafter)(1)(2)(4)
|
206,874
|
|
|
198,850
|
FIEMEX Energia - Banco Actinver SA
Institucion de Banca Multiple 7.25%,
01/31/2041(1)
|
193,183
|
|
|
|
Petroleos Mexicanos
|
|
|
|
260,000
|
6.63%, 06/15/2035
|
205,404
|
|
|
1,164,000
|
10.00%, 02/07/2033
|
1,197,061
|
|
|
182,127
|
Tierra Mojada Luxembourg II SARL 5.75%,
12/01/2040(1)
|
167,928
|
|
|
200,000
|
Trust Fibra Uno 6.39%, 01/15/2050(1)
|
156,725
|
|
|
|
|
|
2,737,687
|
|
|
Netherlands - 0.7%
|
||
|
200,000
|
VEON Holdings BV 3.38%, 11/25/2027(1)
|
176,572
|
|
|
|
Russia - 0.0%
|
||
|
200,000
|
Vnesheconombank Via VEB Finance PLC
6.80%, 11/22/2025(1)(7)(8)
|
—
|
|
|
|
Saudi Arabia - 2.5%
|
||
|
220,000
|
Gaci First Investment Co. 5.25%,
01/29/2034(3)
|
215,405
|
|
|
200,000
|
Greensaif Pipelines Bidco SARL 6.10%,
08/23/2042(1)
|
196,573
|
|
|
200,000
|
Suci Second Investment Co. 5.17%,
03/05/2031(3)
|
198,902
|
|
|
|
|
|
610,880
|
|
|
South Africa - 0.8%
|
||
|
200,000
|
Anglo American Capital PLC 5.50%,
05/02/2033(1)
|
198,743
|
|
|
|
South Korea - 3.3%
|
||
|
200,000
|
Hyundai Capital Services, Inc. 5.25%,
01/22/2028(1)
|
201,154
|
|
|
200,000
|
Mirae Asset Securities Co. Ltd. 6.00%,
01/26/2029(3)
|
204,338
|
|
|
|
28
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 41.8% - (continued)
|
|||
|
|
South Korea - 3.3% - (continued)
|
||
|
$ 200,000
|
Shinhan Bank Co. Ltd. 5.75%,
04/15/2034(1)
|
$200,646
|
|
|
200,000
|
SK Hynix, Inc. 6.38%, 01/17/2028(1)
|
207,023
|
|
|
|
|
|
813,161
|
|
|
Thailand - 0.8%
|
||
|
200,000
|
Bangkok Bank PCL 3.73%, 09/25/2034,
(3.73% fixed rate until 09/25/2029; 5 yr.
USD CMT + 1.90% thereafter)(1)(2)
|
182,184
|
|
|
|
Turkey - 1.7%
|
||
|
200,000
|
Akbank TAS 9.37%, 03/14/2029, (9.37%
fixed rate until 03/14/2029; 5 yr. USD
CMT + 5.27% thereafter)(1)(2)(4)
|
206,525
|
|
|
200,000
|
Turkiye Garanti Bankasi AS 8.38%,
02/28/2034, (8.38% fixed rate until
02/28/2029; 5 yr. USD CMT + 4.09%
thereafter)(1)(2)
|
204,598
|
|
|
|
|
|
411,123
|
|
|
Ukraine - 0.4%
|
||
|
98,792
|
NAK Naftogaz Ukraine via Kondor Finance
PLC 7.65%, 07/19/2025(3)(5)
|
95,840
|
|
|
|
Zambia - 0.8%
|
||
|
200,000
|
First Quantum Minerals Ltd. 8.63%,
06/01/2031(1)
|
205,167
|
|
|
|
Total Corporate Bonds
(cost $10,326,376)
|
$10,167,520
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 53.9%
|
|||
|
|
Argentina - 2.7%
|
||
|
950,962
|
Argentina Republic Government
International Bonds 4.13%,
07/09/2035(6)
|
$645,937
|
|
|
|
Bahamas - 0.8%
|
||
|
200,000
|
Bahamas Government International Bonds
8.95%, 10/15/2032(1)
|
206,538
|
|
|
|
Brazil - 2.5%
|
||
|
|
Brazil Notas do Tesouro Nacional
|
|
|
|
BRL
276,000
|
10.00%, 01/01/2027
|
43,685
|
|
|
2,535,000
|
10.00%, 01/01/2029
|
376,987
|
|
|
1,323,000
|
10.00%, 01/01/2031
|
186,502
|
|
|
|
|
|
607,174
|
|
|
Cameroon - 0.4%
|
||
|
EUR
110,000
|
Republic of Cameroon International Bonds
5.95%, 07/07/2032(1)
|
93,187
|
|
|
|
Colombia - 3.1%
|
||
|
|
Colombia Government International Bonds
|
|
|
|
$ 230,000
|
8.00%, 11/14/2035
|
231,823
|
|
|
200,000
|
8.38%, 11/07/2054
|
194,681
|
|
|
|
Colombia TES
|
|
|
|
COP
124,200,000
|
7.00%, 03/26/2031
|
24,476
|
|
|
130,700,000
|
7.00%, 06/30/2032
|
24,790
|
|
|
441,100,000
|
7.25%, 10/18/2034
|
79,541
|
|
|
115,400,000
|
7.75%, 09/18/2030
|
24,154
|
|
|
609,300,000
|
9.25%, 05/28/2042
|
114,943
|
|
|
212,000,000
|
13.25%, 02/09/2033
|
55,252
|
|
|
|
|
|
749,660
|
|
|
Czech Republic - 0.8%
|
||
|
|
Czech Republic Government Bonds
|
|
|
|
CZK
1,170,000
|
1.50%, 04/24/2040
|
33,565
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 53.9% - (continued)
|
|||
|
|
Czech Republic - 0.8% - (continued)
|
||
|
CZK
2,650,000
|
4.20%, 12/04/2036(3)
|
$109,853
|
|
|
1,320,000
|
4.50%, 11/11/2032
|
56,486
|
|
|
|
|
|
199,904
|
|
|
Ecuador - 3.0%
|
||
|
$ 1,124,769
|
Ecuador Government International Bonds
5.50%, 07/31/2035(1)(6)
|
736,532
|
|
|
|
Egypt - 3.7%
|
||
|
EGP
4,770,000
|
Egypt Government Bonds 25.32%,
08/13/2027
|
98,848
|
|
|
|
Egypt Government International Bonds
|
|
|
|
$ 200,000
|
7.30%, 09/30/2033(1)
|
171,775
|
|
|
200,000
|
8.50%, 01/31/2047(1)
|
160,025
|
|
|
|
Egypt Treasury Bills
|
|
|
|
EGP
5,400,000
|
21.41%, 03/04/2025(9)
|
105,368
|
|
|
4,500,000
|
24.91%, 01/20/2026(9)
|
72,098
|
|
|
4,450,000
|
25.79%, 10/21/2025(9)
|
74,758
|
|
|
4,125,000
|
26.43%, 07/22/2025(9)
|
73,150
|
|
|
7,725,000
|
27.30%, 09/16/2025(9)
|
132,397
|
|
|
|
|
|
888,419
|
|
|
El Salvador - 1.7%
|
||
|
|
El Salvador Government International
Bonds
|
|
|
|
$ 150,000
|
7.12%, 01/20/2050(1)
|
126,746
|
|
|
135,000
|
8.25%, 04/10/2032(1)
|
136,312
|
|
|
150,000
|
9.65%, 11/21/2054(1)
|
159,356
|
|
|
|
|
|
422,414
|
|
|
Hungary - 1.2%
|
||
|
|
Hungary Government Bonds
|
|
|
|
HUF
12,490,000
|
3.00%, 10/27/2038
|
21,196
|
|
|
10,330,000
|
4.75%, 11/24/2032
|
23,357
|
|
|
7,540,000
|
6.75%, 10/22/2028
|
19,410
|
|
|
11,680,000
|
7.00%, 10/24/2035
|
30,443
|
|
|
$ 200,000
|
Hungary Government International Bonds
6.25%, 09/22/2032(3)
|
205,090
|
|
|
|
|
|
299,496
|
|
|
Indonesia - 3.3%
|
||
|
|
Indonesia Treasury Bonds
|
|
|
|
IDR
2,822,000,000
|
7.00%, 09/15/2030
|
173,804
|
|
|
807,000,000
|
7.50%, 08/15/2032
|
50,851
|
|
|
2,120,000,000
|
7.50%, 05/15/2038
|
133,970
|
|
|
1,615,000,000
|
7.50%, 04/15/2040
|
101,893
|
|
|
1,705,000,000
|
8.25%, 05/15/2036
|
113,874
|
|
|
1,502,000,000
|
8.75%, 05/15/2031
|
100,505
|
|
|
1,875,000,000
|
9.00%, 03/15/2029
|
123,737
|
|
|
|
|
|
798,634
|
|
|
Ivory Coast - 1.7%
|
||
|
|
Ivory Coast Government International
Bonds
|
|
|
|
$ 200,000
|
7.63%, 01/30/2033(3)
|
195,244
|
|
|
220,000
|
8.25%, 01/30/2037(1)
|
213,950
|
|
|
|
|
|
409,194
|
|
|
Jordan - 1.6%
|
||
|
|
Jordan Government International Bonds
|
|
|
|
200,000
|
7.38%, 10/10/2047(1)
|
178,574
|
|
|
200,000
|
7.50%, 01/13/2029(1)
|
199,519
|
|
|
|
|
|
378,093
|
|
|
Malaysia - 1.0%
|
||
|
|
Malaysia Government Bonds
|
|
|
|
MYR
537,000
|
4.07%, 06/15/2050
|
118,878
|
|
|
|
29
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 53.9% - (continued)
|
|||
|
|
Malaysia - 1.0% - (continued)
|
||
|
MYR
345,000
|
4.46%, 03/31/2053
|
$80,791
|
|
|
192,000
|
4.70%, 10/15/2042
|
46,634
|
|
|
|
|
|
246,303
|
|
|
Mexico - 4.4%
|
||
|
|
Mexico Bonos
|
|
|
|
MXN
2,300,000
|
7.50%, 05/26/2033
|
95,544
|
|
|
710,000
|
7.75%, 05/29/2031
|
30,983
|
|
|
820,000
|
7.75%, 11/23/2034
|
33,866
|
|
|
870,000
|
7.75%, 11/13/2042
|
32,655
|
|
|
880,000
|
8.00%, 11/07/2047
|
33,159
|
|
|
3,180,000
|
8.00%, 07/31/2053
|
117,765
|
|
|
1,780,000
|
8.50%, 03/01/2029
|
82,272
|
|
|
1,520,000
|
8.50%, 05/31/2029
|
70,254
|
|
|
790,000
|
8.50%, 11/18/2038
|
33,222
|
|
|
5,840,000
|
10.00%, 11/20/2036
|
280,818
|
|
|
|
Mexico Government International Bonds
|
|
|
|
$ 200,000
|
6.40%, 05/07/2054
|
179,610
|
|
|
90,000
|
6.75%, 09/27/2034
|
91,554
|
|
|
|
|
|
1,081,702
|
|
|
Nigeria - 0.9%
|
||
|
250,000
|
Nigeria Government International Bonds
6.13%, 09/28/2028(1)
|
230,312
|
|
|
|
Oman - 0.8%
|
||
|
200,000
|
Oman Government International Bonds
6.50%, 03/08/2047(3)
|
198,500
|
|
|
|
Pakistan - 0.8%
|
||
|
200,000
|
Pakistan Government International Bonds
6.88%, 12/05/2027(1)
|
185,761
|
|
|
|
Panama - 0.4%
|
||
|
105,000
|
Panama Government International Bonds
6.70%, 01/26/2036
|
98,955
|
|
|
|
Paraguay - 1.0%
|
||
|
|
Paraguay Government International Bonds
|
|
|
|
200,000
|
6.10%, 08/11/2044(1)
|
189,360
|
|
|
PYG
347,000,000
|
7.90%, 02/09/2031(1)
|
44,445
|
|
|
|
|
|
233,805
|
|
|
Peru - 1.2%
|
||
|
|
Peru Government Bonds
|
|
|
|
PEN
150,000
|
5.40%, 08/12/2034
|
36,671
|
|
|
206,000
|
6.90%, 08/12/2037
|
55,009
|
|
|
343,000
|
6.95%, 08/12/2031
|
98,017
|
|
|
68,000
|
7.30%, 08/12/2033(3)
|
19,196
|
|
|
|
Peru Government International Bonds
|
|
|
|
$ 54,000
|
5.38%, 02/08/2035
|
52,168
|
|
|
43,000
|
5.88%, 08/08/2054
|
41,113
|
|
|
|
|
|
302,174
|
|
|
Philippines - 0.8%
|
||
|
200,000
|
Philippines Government International
Bonds 4.75%, 03/05/2035
|
189,251
|
|
|
|
Poland - 1.6%
|
||
|
|
Republic of Poland Government Bonds
|
|
|
|
PLN
461,000
|
2.75%, 10/25/2029
|
100,740
|
|
|
366,000
|
5.00%, 10/25/2034
|
84,484
|
|
|
337,000
|
6.00%, 10/25/2033
|
83,947
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 53.9% - (continued)
|
|||
|
|
Poland - 1.6% - (continued)
|
||
|
|
Republic of Poland Government
International Bonds
|
|
|
|
$ 40,000
|
5.13%, 09/18/2034
|
$39,040
|
|
|
100,000
|
5.50%, 03/18/2054
|
92,897
|
|
|
|
|
|
401,108
|
|
|
Romania - 1.0%
|
||
|
|
Romania Government Bonds
|
|
|
|
RON
185,000
|
6.70%, 02/25/2032
|
36,704
|
|
|
230,000
|
7.90%, 02/24/2038
|
48,643
|
|
|
175,000
|
8.25%, 09/29/2032
|
37,718
|
|
|
$ 140,000
|
Romania Government International Bonds
6.00%, 05/25/2034(1)
|
129,473
|
|
|
|
|
|
252,538
|
|
|
Saudi Arabia - 0.8%
|
||
|
200,000
|
Saudi Government International Bonds
5.75%, 01/16/2054(1)
|
189,498
|
|
|
|
South Africa - 5.7%
|
||
|
|
Republic of South Africa Government
Bonds
|
|
|
|
ZAR
3,230,784
|
6.50%, 02/28/2041
|
114,256
|
|
|
1,520,291
|
8.50%, 01/31/2037
|
68,832
|
|
|
3,161,394
|
8.75%, 01/31/2044
|
135,974
|
|
|
3,470,000
|
8.75%, 02/28/2048
|
147,808
|
|
|
2,300,400
|
8.88%, 02/28/2035
|
111,669
|
|
|
6,023,401
|
9.00%, 01/31/2040
|
272,848
|
|
|
|
Republic of South Africa Government
International Bonds
|
|
|
|
$ 260,000
|
5.88%, 04/20/2032
|
245,677
|
|
|
110,000
|
6.25%, 03/08/2041
|
94,982
|
|
|
200,000
|
7.10%, 11/19/2036(1)
|
195,514
|
|
|
|
|
|
1,387,560
|
|
|
Sri Lanka - 2.3%
|
||
|
|
Sri Lanka Government International Bonds
|
|
|
|
82,872
|
3.10%, 01/15/2030(1)(6)
|
71,995
|
|
|
162,552
|
3.35%, 03/15/2033(1)(6)
|
128,416
|
|
|
109,760
|
3.60%, 06/15/2035(1)(6)
|
77,381
|
|
|
76,176
|
3.60%, 05/15/2036(1)(6)
|
61,589
|
|
|
152,416
|
3.60%, 02/15/2038(1)(6)
|
124,981
|
|
|
101,803
|
4.00%, 04/15/2028(1)
|
94,932
|
|
|
|
|
|
559,294
|
|
|
Suriname - 0.5%
|
||
|
123,627
|
Suriname Government International Bonds
7.95%, 07/15/2033(1)(5)
|
117,755
|
|
|
|
Thailand - 0.7%
|
||
|
|
Thailand Government Bonds
|
|
|
|
THB
2,712,000
|
3.40%, 06/17/2036
|
88,337
|
|
|
2,256,000
|
3.45%, 06/17/2043
|
74,181
|
|
|
|
|
|
162,518
|
|
|
Turkey - 3.1%
|
||
|
|
Turkiye Government Bonds
|
|
|
|
TRY
7,938,000
|
12.60%, 10/01/2025
|
192,869
|
|
|
8,080,000
|
31.08%, 11/08/2028
|
238,210
|
|
|
2,170,000
|
37.00%, 02/18/2026
|
61,122
|
|
|
$ 230,000
|
Turkiye Government International Bonds
9.38%, 03/14/2029
|
253,437
|
|
|
|
|
|
745,638
|
|
|
Ukraine - 0.4%
|
||
|
|
Ukraine Government International Bonds
|
|
|
|
5,181
|
0.00%, 02/01/2030(1)(6)
|
2,926
|
|
|
16,362
|
0.00%, 02/01/2035(1)(6)
|
10,095
|
|
|
|
30
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 53.9% - (continued)
|
|||
|
|
Ukraine - 0.4% - (continued)
|
||
|
$ 13,635
|
0.00%, 02/01/2036(1)(6)
|
$8,390
|
|
|
18,971
|
1.75%, 02/01/2034(1)(6)
|
10,713
|
|
|
33,199
|
1.75%, 02/01/2035(1)(6)
|
18,571
|
|
|
42,685
|
1.75%, 02/01/2036(1)(6)
|
23,450
|
|
|
19,362
|
3.00%, 02/01/2034(1)(6)
|
8,387
|
|
|
30,000
|
3.00%, 02/01/2035(3)(6)
|
18,487
|
|
|
|
|
|
101,019
|
|
|
Total Foreign Government
Obligations
(cost $13,151,961)
|
|
$13,118,873
|
|
|
Total Long-Term Investments
(cost $23,478,337)
|
|
$23,286,393
|
|
SHORT-TERM INVESTMENTS - 2.0%
|
|||
|
|
U.S. Treasury Securities - 2.0%
|
||
|
|
U.S. Treasury Bills - 2.0%
|
||
|
500,000
|
4.26%, 04/17/2025(9)
|
$495,759
|
|
|
|
Total Short-Term Investments
(cost $495,607)
|
$495,759
|
|
|
|
Total Investments
(cost $23,973,944)
|
97.7
%
|
$23,782,152
|
|
|
Other Assets and Liabilities
|
2.3
%
|
558,500
|
|
|
Net Assets
|
100.0
%
|
$24,340,652
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$10,769,932, representing 44.2% of net assets.
|
|
(2)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
January 31, 2025. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(3)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At January 31, 2025, the aggregate
value of these securities was $2,675,151, representing 11.0% of net assets.
|
|
(4)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(5)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
|
(6)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(7)
|
Non-income producing. For long-term debt securities, items identified are in default
as to payment of interest and/or principal.
|
|
(8)
|
Investment valued using significant unobservable inputs.
|
|
(9)
|
The rate shown represents current yield to maturity.
|
|
Foreign Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
660,000
|
BRL
|
109,129
|
USD
|
UBS
|
02/19/2025
|
$3,251
|
|
830,800
|
BRL
|
136,428
|
USD
|
UBS
|
03/18/2025
|
4,367
|
|
409,200
|
BRL
|
67,293
|
USD
|
BOA
|
03/18/2025
|
2,054
|
|
530,000
|
BRL
|
86,989
|
USD
|
CBK
|
03/20/2025
|
2,813
|
|
147,700,000
|
CLP
|
151,332
|
USD
|
UBS
|
03/12/2025
|
(821
)
|
|
140,000,000
|
CLP
|
142,421
|
USD
|
CBK
|
04/28/2025
|
156
|
|
795,970,000
|
COP
|
184,595
|
USD
|
CBK
|
03/06/2025
|
3,808
|
|
6,950,000
|
EGP
|
125,169
|
USD
|
UBS
|
03/13/2025
|
10,855
|
|
3,750,000
|
MXN
|
181,405
|
USD
|
BOA
|
03/24/2025
|
(1,964
)
|
|
5,530,000
|
TRY
|
141,564
|
USD
|
UBS
|
03/27/2025
|
5,317
|
|
105,991
|
USD
|
660,000
|
BRL
|
CBK
|
02/19/2025
|
(6,389
)
|
|
201,224
|
USD
|
1,240,000
|
BRL
|
CBK
|
03/18/2025
|
(8,918
)
|
|
158,780
|
USD
|
1,010,000
|
BRL
|
CBK
|
03/20/2025
|
(12,353
)
|
|
147,547
|
USD
|
147,700,000
|
CLP
|
BOA
|
03/12/2025
|
(2,964
)
|
|
178,469
|
USD
|
795,970,000
|
COP
|
UBS
|
03/06/2025
|
(9,934
)
|
|
134,638
|
USD
|
6,950,000
|
EGP
|
UBS
|
03/13/2025
|
(1,386
)
|
|
180,166
|
USD
|
3,750,000
|
MXN
|
UBS
|
03/24/2025
|
725
|
|
364,556
|
USD
|
7,650,000
|
MXN
|
UBS
|
05/05/2025
|
718
|
|
209,254
|
USD
|
3,870,000
|
ZAR
|
JPM
|
03/20/2025
|
2,971
|
|
Total foreign currency contracts
|
$(7,694
)
|
|||||
|
|
31
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Corporate Bonds
|
$10,167,520
|
$—
|
$10,167,520
|
$—
|
|
Foreign Government Obligations
|
13,118,873
|
—
|
13,118,873
|
—
|
|
Short-Term Investments
|
495,759
|
—
|
495,759
|
—
|
|
Foreign Currency Contracts(2)
|
37,035
|
—
|
37,035
|
—
|
|
Total
|
$23,819,187
|
$—
|
$23,819,187
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(44,729
)
|
$—
|
$(44,729
)
|
$—
|
|
Total
|
$(44,729
)
|
$—
|
$(44,729
)
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
32
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.7%
|
|||
|
|
Australia - 1.4%
|
||
|
17,917
|
Rio Tinto PLC
|
$1,078,996
|
|
|
|
Austria - 1.3%
|
||
|
23,481
|
OMV AG
|
966,933
|
|
|
|
Belgium - 2.0%
|
||
|
30,057
|
Ageas SA
|
1,548,343
|
|
|
|
China - 3.7%
|
||
|
120,000
|
Alibaba Group Holding Ltd.
|
1,471,977
|
|
|
502,500
|
Anhui Conch Cement Co. Ltd. Class H
|
1,354,685
|
|
|
|
|
|
2,826,662
|
|
|
France - 11.1%
|
||
|
33,719
|
AXA SA
|
1,279,203
|
|
|
22,848
|
BNP Paribas SA
|
1,560,739
|
|
|
98,141
|
Carrefour SA
|
1,398,253
|
|
|
142,490
|
Orange SA(1)
|
1,532,409
|
|
|
23,837
|
Renault SA
|
1,223,737
|
|
|
48,008
|
Societe Generale SA
|
1,554,021
|
|
|
|
|
|
8,548,362
|
|
|
Germany - 8.3%
|
||
|
2,611
|
Allianz SE
|
851,359
|
|
|
28,731
|
BASF SE
|
1,384,194
|
|
|
34,684
|
Continental AG
|
2,465,100
|
|
|
114,603
|
Deutsche Lufthansa AG
|
743,403
|
|
|
50,084
|
Evonik Industries AG
|
940,471
|
|
|
|
|
|
6,384,527
|
|
|
Hong Kong - 2.0%
|
||
|
185,980
|
Prudential PLC
|
1,547,713
|
|
|
|
Italy - 2.5%
|
||
|
75,864
|
Eni SpA
|
1,068,046
|
|
|
17,968
|
UniCredit SpA
|
825,149
|
|
|
|
|
|
1,893,195
|
|
|
Japan - 13.1%
|
||
|
38,200
|
Bridgestone Corp.
|
1,370,268
|
|
|
73,900
|
Dentsu Group, Inc.
|
1,712,039
|
|
|
25,000
|
KDDI Corp.
|
832,900
|
|
|
90,800
|
Medipal Holdings Corp.
|
1,365,151
|
|
|
96,600
|
Nippon Television Holdings, Inc.
|
1,783,251
|
|
|
194,200
|
Panasonic Holdings Corp.
|
1,981,562
|
|
|
105,200
|
Rohm Co. Ltd.
|
1,001,894
|
|
|
|
|
|
10,047,065
|
|
|
Mexico - 1.3%
|
||
|
33,896
|
Ternium SA ADR
|
1,016,880
|
|
|
|
Netherlands - 5.3%
|
||
|
80,234
|
ABN AMRO Bank NV(2)
|
1,345,774
|
|
|
47,107
|
Koninklijke Ahold Delhaize NV
|
1,669,359
|
|
|
25,221
|
Randstad NV
|
1,088,791
|
|
|
|
|
|
4,103,924
|
|
|
South Africa - 2.3%
|
||
|
61,854
|
Anglo American PLC
|
1,811,159
|
|
|
|
South Korea - 3.9%
|
||
|
25,683
|
KB Financial Group, Inc.
|
1,609,073
|
|
|
39,824
|
Shinhan Financial Group Co. Ltd.
|
1,387,222
|
|
|
|
|
|
2,996,295
|
|
|
Spain - 1.2%
|
||
|
81,716
|
Repsol SA
|
949,694
|
|
|
|
Switzerland - 2.1%
|
||
|
8,614
|
Swatch Group AG
|
1,595,836
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.7% - (continued)
|
|||
|
|
Taiwan - 0.8%
|
||
|
118,000
|
Hon Hai Precision Industry Co. Ltd.
|
$630,077
|
|
|
|
United Kingdom - 24.1%
|
||
|
725,368
|
Barclays PLC
|
2,658,469
|
|
|
43,140
|
British American Tobacco PLC
|
1,711,620
|
|
|
290,364
|
British Land Co. PLC REIT
|
1,350,514
|
|
|
1,153,119
|
BT Group PLC
|
2,021,015
|
|
|
83,483
|
HSBC Holdings PLC
|
871,906
|
|
|
47,925
|
Imperial Brands PLC
|
1,616,397
|
|
|
170,862
|
NatWest Group PLC
|
910,977
|
|
|
156,426
|
Standard Chartered PLC
|
2,103,854
|
|
|
336,377
|
Tesco PLC
|
1,548,138
|
|
|
2,008,027
|
Vodafone Group PLC
|
1,710,728
|
|
|
209,416
|
WPP PLC
|
1,990,739
|
|
|
|
|
|
18,494,357
|
|
|
United States - 9.3%
|
||
|
136,500
|
GSK PLC
|
2,377,772
|
|
|
7,367
|
Roche Holding AG
|
2,315,977
|
|
|
22,610
|
Sanofi SA
|
2,457,301
|
|
|
|
|
|
7,151,050
|
|
|
Total Common Stocks
(cost $70,366,443)
|
|
$73,591,068
|
|
PREFERRED STOCKS - 4.5%
|
|||
|
|
Brazil - 0.7%
|
||
|
81,296
|
Petroleo Brasileiro SA (Preference Shares)(3)
|
$524,302
|
|
|
|
Germany - 3.8%
|
||
|
24,139
|
Henkel AG & Co. KGaA (Preference Shares)(3)
|
2,109,021
|
|
|
7,748
|
Volkswagen AG (Preference Shares)(3)
|
790,032
|
|
|
|
|
|
2,899,053
|
|
|
Total Preferred Stocks
(cost $3,200,345)
|
|
$3,423,355
|
|
|
Total Long-Term Investments
(cost $73,566,788)
|
|
$77,014,423
|
|
|
Total Investments
(cost $73,566,788)
|
100.2
%
|
$77,014,423
|
|
|
Other Assets and Liabilities
|
(0.2
)%
|
(159,629
)
|
|
|
Net Assets
|
100.0
%
|
$76,854,794
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
|
33
|
|
|
(2)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of this security was
$1,345,774, representing 1.8% of net assets.
|
|
(3)
|
Currently no rate available.
|
|
Foreign Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
1,222,799,845
|
JPY
|
7,882,867
|
USD
|
UBS
|
02/26/2025
|
$23,553
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$73,591,068
|
$2,686,239
|
$70,904,829
|
$—
|
|
Preferred Stocks
|
3,423,355
|
2,633,323
|
790,032
|
—
|
|
Foreign Currency Contracts(2)
|
23,553
|
—
|
23,553
|
—
|
|
Total
|
$77,037,976
|
$5,319,562
|
$71,718,414
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
34
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4%
|
|||
|
|
Australia - 3.6%
|
||
|
94,280
|
AUB Group Ltd.
|
$1,858,287
|
|
|
830,716
|
BHP Group Ltd.
|
20,402,121
|
|
|
714,994
|
Brambles Ltd.
|
8,737,575
|
|
|
277,123
|
BWP Trust REIT
|
581,591
|
|
|
507,392
|
Challenger Ltd.
|
1,970,731
|
|
|
362,749
|
Computershare Ltd.
|
7,885,454
|
|
|
47,099
|
Northern Star Resources Ltd.
|
498,483
|
|
|
603,641
|
Origin Energy Ltd.
|
3,893,104
|
|
|
867,207
|
Qantas Airways Ltd.*
|
5,025,345
|
|
|
70,359
|
Rio Tinto Ltd.
|
5,067,320
|
|
|
210,578
|
Rio Tinto PLC
|
12,681,405
|
|
|
142,373
|
Steadfast Group Ltd.
|
511,465
|
|
|
427,354
|
Telstra Group Ltd.
|
1,043,338
|
|
|
2,167,835
|
Vicinity Ltd. REIT
|
2,938,004
|
|
|
|
|
|
73,094,223
|
|
|
Austria - 0.3%
|
||
|
37,712
|
Erste Group Bank AG
|
2,318,490
|
|
|
99,620
|
OMV AG
|
4,102,291
|
|
|
54,108
|
Telekom Austria AG
|
451,860
|
|
|
|
|
|
6,872,641
|
|
|
Belgium - 0.6%
|
||
|
52,130
|
Ageas SA
|
2,685,402
|
|
|
101,203
|
KBC Group NV
|
7,763,054
|
|
|
30,809
|
Solvay SA
|
941,638
|
|
|
|
|
|
11,390,094
|
|
|
Brazil - 0.5%
|
||
|
385,100
|
Cia de Saneamento de Minas Gerais Copasa MG
|
1,474,754
|
|
|
1,680,800
|
Cia Energetica de Minas Gerais ADR
|
3,143,096
|
|
|
421,100
|
Porto Seguro SA
|
2,881,527
|
|
|
1,272,000
|
Santos Brasil Participacoes SA
|
2,868,723
|
|
|
|
|
|
10,368,100
|
|
|
Burkina Faso - 0.1%
|
||
|
131,719
|
Endeavour Mining PLC
|
2,679,738
|
|
|
39,436
|
IAMGOLD Corp.*
|
245,296
|
|
|
|
|
|
2,925,034
|
|
|
Canada - 7.0%
|
||
|
151,370
|
ARC Resources Ltd.
|
2,592,355
|
|
|
141,849
|
Bank of Montreal
|
14,042,890
|
|
|
176,279
|
Bank of Nova Scotia
|
9,019,236
|
|
|
37,707
|
Brookfield Infrastructure Corp. Class A
|
1,574,076
|
|
|
90,332
|
Canadian Natural Resources Ltd.
|
2,744,114
|
|
|
37,315
|
CCL Industries, Inc. Class B
|
1,853,490
|
|
|
38,182
|
Centerra Gold, Inc.
|
238,810
|
|
|
20,739
|
CGI, Inc.
|
2,444,843
|
|
|
32,450
|
Dundee Precious Metals, Inc.
|
328,887
|
|
|
5,259
|
Fairfax Financial Holdings Ltd.
|
7,078,798
|
|
|
38,205
|
Finning International, Inc.
|
953,975
|
|
|
154,768
|
Gildan Activewear, Inc.
|
7,981,465
|
|
|
184,406
|
Great-West Lifeco, Inc.
|
5,962,251
|
|
|
77,460
|
iA Financial Corp., Inc.
|
7,153,065
|
|
|
28,810
|
IGM Financial, Inc.
|
924,354
|
|
|
15,687
|
Imperial Oil Ltd.
|
1,043,425
|
|
|
297,664
|
Kinross Gold Corp.
|
3,352,778
|
|
|
60,195
|
Loblaw Cos. Ltd.
|
7,537,266
|
|
|
19,339
|
Lundin Gold, Inc.
|
479,034
|
|
|
45,253
|
Magna International, Inc.
|
1,794,116
|
|
|
47,982
|
Metro, Inc.
|
2,998,070
|
|
|
97,624
|
Nutrien Ltd.
|
5,038,550
|
|
|
49,683
|
Pembina Pipeline Corp.
|
1,793,353
|
|
|
137,221
|
Royal Bank of Canada
|
16,728,811
|
|
|
158,477
|
Sun Life Financial, Inc.
|
9,138,857
|
|
|
144,387
|
Suncor Energy, Inc.
|
5,417,431
|
|
|
209,646
|
TC Energy Corp.
|
9,446,944
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
Canada - 7.0% - (continued)
|
||
|
10,660
|
Toromont Industries Ltd.
|
$850,028
|
|
|
216,357
|
Toronto-Dominion Bank
|
12,342,628
|
|
|
|
|
|
142,853,900
|
|
|
China - 8.9%
|
||
|
7,804,000
|
Agricultural Bank of China Ltd. Class H
|
4,298,155
|
|
|
2,319,500
|
Alibaba Group Holding Ltd.
|
28,452,101
|
|
|
75,900
|
Anker Innovations Technology Co. Ltd. Class A
|
1,140,011
|
|
|
95,248
|
Atour Lifestyle Holdings Ltd. ADR
|
2,610,748
|
|
|
12,058,000
|
Bank of China Ltd. Class H
|
6,237,938
|
|
|
1,864,000
|
Bosideng International Holdings Ltd.
|
902,294
|
|
|
74,000
|
BYD Co. Ltd. Class H
|
2,600,385
|
|
|
19,011,000
|
China Construction Bank Corp. Class H
|
15,469,539
|
|
|
930,000
|
China Hongqiao Group Ltd.
|
1,563,441
|
|
|
1,484,500
|
China Merchants Bank Co. Ltd. Class H
|
8,164,871
|
|
|
746,000
|
China Merchants Port Holdings Co. Ltd.
|
1,268,555
|
|
|
1,234,000
|
China Pacific Insurance Group Co. Ltd. Class H
|
3,675,818
|
|
|
31,436,000
|
China Tower Corp. Ltd. Class H(1)
|
4,528,121
|
|
|
6,669,000
|
Chongqing Rural Commercial Bank Co. Ltd.
Class H
|
4,081,909
|
|
|
27,400
|
Contemporary Amperex Technology Co. Ltd.
Class A
|
976,930
|
|
|
323,202
|
Full Truck Alliance Co. Ltd. ADR
|
3,639,255
|
|
|
955,200
|
Fuyao Glass Industry Group Co. Ltd. Class H(1)
|
6,435,914
|
|
|
1,479,000
|
Geely Automobile Holdings Ltd.
|
2,738,216
|
|
|
381,400
|
Giant Biogene Holding Co. Ltd.(1)
|
2,832,050
|
|
|
315,000
|
Haitian International Holdings Ltd.
|
837,446
|
|
|
15,059,000
|
Industrial & Commercial Bank of China Ltd.
Class H
|
10,250,299
|
|
|
419,250
|
JD.com, Inc. Class A
|
8,527,889
|
|
|
1,181,600
|
Kingsoft Corp. Ltd.
|
5,973,485
|
|
|
207,830
|
LexinFintech Holdings Ltd. ADR
|
1,641,857
|
|
|
61,900
|
Meituan Class B*(1)
|
1,178,115
|
|
|
98,100
|
NetEase, Inc.
|
2,016,463
|
|
|
1,377,700
|
New China Life Insurance Co. Ltd. Class H
|
4,311,677
|
|
|
18,792
|
PDD Holdings, Inc. ADR*
|
2,103,013
|
|
|
3,148,000
|
PetroChina Co. Ltd. Class H
|
2,406,775
|
|
|
3,132,000
|
PICC Property & Casualty Co. Ltd. Class H
|
5,088,653
|
|
|
1,568,000
|
Ping An Insurance Group Co. of China Ltd.
Class H
|
8,828,911
|
|
|
52,857
|
Qifu Technology, Inc. ADR
|
2,108,994
|
|
|
260,900
|
Sailun Group Co. Ltd. Class A
|
551,616
|
|
|
151,100
|
Tencent Holdings Ltd.
|
7,950,154
|
|
|
66,750
|
Trip.com Group Ltd.*
|
4,688,125
|
|
|
53,248
|
Weibo Corp. ADR
|
522,895
|
|
|
2,963,000
|
Yangzijiang Shipbuilding Holdings Ltd.
|
6,635,574
|
|
|
42,550
|
Yum China Holdings, Inc.
|
1,940,577
|
|
|
639,017
|
Yutong Bus Co. Ltd. Class A
|
2,511,407
|
|
|
|
|
|
181,690,176
|
|
|
Denmark - 0.5%
|
||
|
230,983
|
H Lundbeck AS
|
1,415,446
|
|
|
36,550
|
ISS AS(2)
|
690,756
|
|
|
25,336
|
Novo Nordisk AS Class B
|
2,138,982
|
|
|
26,616
|
Pandora AS
|
5,092,126
|
|
|
|
|
|
9,337,310
|
|
|
Finland - 0.6%
|
||
|
65,036
|
Elisa OYJ
|
2,802,636
|
|
|
45,886
|
Kemira OYJ
|
1,012,974
|
|
|
797,919
|
Nordea Bank Abp
|
9,493,865
|
|
|
|
|
|
13,309,475
|
|
|
France - 6.4%
|
||
|
27,269
|
Accor SA
|
1,401,891
|
|
|
365,932
|
AXA SA
|
13,882,418
|
|
|
204,733
|
BNP Paribas SA
|
13,985,244
|
|
|
339,429
|
Bureau Veritas SA
|
10,607,714
|
|
|
57,351
|
Cie de Saint-Gobain SA
|
5,377,998
|
|
|
|
35
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
France - 6.4% - (continued)
|
||
|
120,836
|
Cie Generale des Etablissements Michelin SCA
|
$4,202,314
|
|
|
39,814
|
Eiffage SA
|
3,556,859
|
|
|
314,885
|
Engie SA
|
5,198,085
|
|
|
46,311
|
Gaztransport Et Technigaz SA
|
7,074,501
|
|
|
44,901
|
Ipsen SA
|
5,542,646
|
|
|
16,232
|
IPSOS SA
|
768,080
|
|
|
138,526
|
Klepierre SA REIT
|
4,124,100
|
|
|
143,574
|
La Francaise des Jeux SACA(1)
|
5,455,487
|
|
|
21,699
|
Legrand SA
|
2,212,275
|
|
|
171,289
|
Metropole Television SA
|
2,203,335
|
|
|
197,970
|
Orange SA
|
2,129,069
|
|
|
61,172
|
Publicis Groupe SA
|
6,505,759
|
|
|
207,409
|
Societe Generale SA
|
6,713,837
|
|
|
38,855
|
SPIE SA
|
1,294,937
|
|
|
15,639
|
Technip Energies NV
|
443,056
|
|
|
342,338
|
TotalEnergies SE
|
19,832,376
|
|
|
3,547
|
Trigano SA
|
486,077
|
|
|
24,879
|
Unibail-Rodamco-Westfield REIT*
|
2,083,033
|
|
|
61,620
|
Vinci SA
|
6,668,078
|
|
|
|
|
|
131,749,169
|
|
|
Georgia - 0.0%
|
||
|
22,537
|
TBC Bank Group PLC
|
933,317
|
|
|
|
Germany - 5.8%
|
||
|
67,424
|
Allianz SE
|
21,984,699
|
|
|
51,733
|
Bayerische Motoren Werke AG
|
4,201,216
|
|
|
45,827
|
Continental AG
|
3,257,068
|
|
|
161,619
|
Daimler Truck Holding AG
|
7,117,287
|
|
|
337,487
|
Deutsche Bank AG
|
6,605,577
|
|
|
723,727
|
Deutsche Telekom AG
|
24,280,288
|
|
|
81,764
|
Freenet AG
|
2,522,616
|
|
|
41,692
|
Heidelberg Materials AG
|
5,866,731
|
|
|
2,905
|
HOCHTIEF AG
|
420,451
|
|
|
37,733
|
IONOS Group SE*
|
964,145
|
|
|
4,967
|
Krones AG
|
677,764
|
|
|
108,218
|
Mercedes-Benz Group AG
|
6,583,998
|
|
|
23,994
|
Muenchener Rueckversicherungs-Gesellschaft AG
in Muenchen
|
13,005,522
|
|
|
96,818
|
Siemens AG
|
20,755,461
|
|
|
|
|
|
118,242,823
|
|
|
Greece - 1.0%
|
||
|
1,627,574
|
Eurobank Ergasias Services & Holdings SA
Class A
|
4,073,372
|
|
|
192,098
|
Hellenic Telecommunications Organization SA
|
2,904,762
|
|
|
162,341
|
Jumbo SA
|
4,385,680
|
|
|
503,038
|
National Bank of Greece SA
|
4,359,115
|
|
|
232,730
|
OPAP SA
|
3,992,317
|
|
|
|
|
|
19,715,246
|
|
|
Hong Kong - 0.3%
|
||
|
131,500
|
Swire Pacific Ltd. Class A
|
1,142,037
|
|
|
1,519,600
|
Swire Properties Ltd.
|
3,000,862
|
|
|
376,000
|
Wharf Real Estate Investment Co. Ltd.
|
935,649
|
|
|
1,242,000
|
Youyuan International Holdings Ltd.*(2)(3)
|
—
|
|
|
181,500
|
Yue Yuen Industrial Holdings Ltd.
|
386,807
|
|
|
|
|
|
5,465,355
|
|
|
Hungary - 0.8%
|
||
|
281,432
|
Magyar Telekom Telecommunications PLC
|
991,675
|
|
|
135,050
|
OTP Bank Nyrt
|
8,355,464
|
|
|
283,115
|
Richter Gedeon Nyrt
|
7,332,268
|
|
|
|
|
|
16,679,407
|
|
|
India - 2.0%
|
||
|
527,316
|
Axis Bank Ltd.
|
5,974,782
|
|
|
393,465
|
Bank of Baroda
|
964,850
|
|
|
298,901
|
City Union Bank Ltd.
|
597,033
|
|
|
136,661
|
Great Eastern Shipping Co. Ltd.
|
1,547,058
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
India - 2.0% - (continued)
|
||
|
706,365
|
HDFC Bank Ltd.
|
$13,825,938
|
|
|
48,649
|
Hero MotoCorp Ltd.
|
2,428,920
|
|
|
164,381
|
IndusInd Bank Ltd.
|
1,874,770
|
|
|
545,844
|
Karur Vysya Bank Ltd.
|
1,495,650
|
|
|
1,187,263
|
Oil & Natural Gas Corp. Ltd.
|
3,579,833
|
|
|
1,276,364
|
Power Grid Corp. of India Ltd.
|
4,432,494
|
|
|
932,862
|
Punjab National Bank
|
1,083,186
|
|
|
572,576
|
REC Ltd.
|
2,954,070
|
|
|
533,516
|
Union Bank of India Ltd.
|
706,506
|
|
|
|
|
|
41,465,090
|
|
|
Indonesia - 0.6%
|
||
|
12,581,500
|
Bank Mandiri Persero Tbk. PT
|
4,622,723
|
|
|
3,675,800
|
Bank Negara Indonesia Persero Tbk. PT
|
1,069,401
|
|
|
16,156,100
|
Bank Rakyat Indonesia Persero Tbk. PT
|
4,171,945
|
|
|
1,767,800
|
Indofood CBP Sukses Makmur Tbk. PT
|
1,247,221
|
|
|
12,322,300
|
Perusahaan Gas Negara Tbk. PT
|
1,206,536
|
|
|
|
|
|
12,317,826
|
|
|
Ireland - 0.4%
|
||
|
685,935
|
Bank of Ireland Group PLC
|
6,815,575
|
|
|
8,784
|
Kerry Group PLC Class A
|
902,043
|
|
|
|
|
|
7,717,618
|
|
|
Israel - 0.0%
|
||
|
1
|
Isracard Ltd.
|
3
|
|
|
1
|
Mehadrin Ltd.*
|
38
|
|
|
|
|
|
41
|
|
|
Italy - 4.5%
|
||
|
3,017,689
|
A2A SpA
|
7,126,685
|
|
|
89,186
|
Azimut Holding SpA
|
2,331,865
|
|
|
213,357
|
Banca Mediolanum SpA
|
2,864,509
|
|
|
57,376
|
BPER Banca SpA
|
390,857
|
|
|
75,722
|
Buzzi SpA
|
3,101,906
|
|
|
119,549
|
Coca-Cola HBC AG
|
4,150,066
|
|
|
1,173,439
|
Enel SpA
|
8,340,439
|
|
|
74,347
|
Eni SpA
|
1,046,689
|
|
|
83,583
|
FinecoBank Banca Fineco SpA
|
1,586,836
|
|
|
289,127
|
Generali
|
9,154,773
|
|
|
317,407
|
Hera SpA
|
1,160,711
|
|
|
1,040,746
|
Intesa Sanpaolo SpA
|
4,504,693
|
|
|
769,281
|
Italgas SpA
|
4,595,701
|
|
|
132,872
|
Maire SpA
|
1,308,294
|
|
|
246,830
|
Mediobanca Banca di Credito Finanziario SpA
|
4,035,003
|
|
|
464,410
|
Poste Italiane SpA(1)
|
7,047,702
|
|
|
49,431
|
Prysmian SpA
|
3,438,374
|
|
|
185,254
|
Recordati Industria Chimica e Farmaceutica SpA
|
11,256,797
|
|
|
249,983
|
Terna - Rete Elettrica Nazionale
|
2,062,089
|
|
|
284,729
|
UniCredit SpA
|
13,075,685
|
|
|
208,778
|
Webuild SpA
|
635,844
|
|
|
|
|
|
93,215,518
|
|
|
Japan - 16.0%
|
||
|
55,700
|
Aisin Corp.
|
630,056
|
|
|
188,300
|
Alps Alpine Co. Ltd.
|
1,882,931
|
|
|
31,600
|
Artience Co. Ltd.
|
628,646
|
|
|
623,800
|
Asahi Kasei Corp.
|
4,236,623
|
|
|
63,700
|
BayCurrent, Inc.
|
2,716,291
|
|
|
117,500
|
BIPROGY, Inc.
|
3,630,600
|
|
|
131,500
|
Credit Saison Co. Ltd.
|
3,099,736
|
|
|
141,900
|
Daido Steel Co. Ltd.
|
1,130,136
|
|
|
249,400
|
Dai-ichi Life Holdings, Inc.
|
6,809,912
|
|
|
148,200
|
Daiwa House Industry Co. Ltd.
|
4,668,855
|
|
|
95,100
|
Ebara Corp.
|
1,566,501
|
|
|
551,600
|
ENEOS Holdings, Inc.
|
2,773,067
|
|
|
13,300
|
Exedy Corp.
|
411,407
|
|
|
11,700
|
FCC Co. Ltd.
|
233,572
|
|
|
44,900
|
Fujikura Ltd.
|
1,807,147
|
|
|
|
36
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
Japan - 16.0% - (continued)
|
||
|
619,400
|
Honda Motor Co. Ltd.
|
$5,862,711
|
|
|
99,500
|
Idemitsu Kosan Co. Ltd.
|
664,079
|
|
|
221,600
|
Iida Group Holdings Co. Ltd.
|
3,356,566
|
|
|
643,800
|
Inpex Corp.
|
7,683,140
|
|
|
477,700
|
Isuzu Motors Ltd.
|
6,422,378
|
|
|
383,800
|
Japan Petroleum Exploration Co. Ltd.
|
2,721,664
|
|
|
56,200
|
Japan Post Insurance Co. Ltd.
|
1,095,205
|
|
|
81,600
|
JTEKT Corp.
|
641,446
|
|
|
235,800
|
Kakaku.com, Inc.
|
3,692,753
|
|
|
71,400
|
Kandenko Co. Ltd.
|
1,142,772
|
|
|
25,400
|
Kaneka Corp.
|
616,576
|
|
|
227,200
|
KDDI Corp.
|
7,569,393
|
|
|
149,100
|
Komatsu Ltd.
|
4,497,340
|
|
|
295,700
|
Kubota Corp.
|
3,709,062
|
|
|
158,900
|
Kuraray Co. Ltd.
|
2,326,309
|
|
|
217,300
|
Kyocera Corp.
|
2,255,529
|
|
|
158,200
|
Marubeni Corp.
|
2,352,048
|
|
|
164,300
|
MEITEC Group Holdings, Inc.
|
3,190,270
|
|
|
343,000
|
Mitsubishi Corp.
|
5,470,583
|
|
|
226,000
|
Mitsubishi Gas Chemical Co., Inc.
|
3,949,574
|
|
|
250,500
|
Mitsubishi Motors Corp.
|
743,019
|
|
|
1,931,400
|
Mitsubishi UFJ Financial Group, Inc.
|
24,425,238
|
|
|
282,100
|
Mitsui & Co. Ltd.
|
5,583,319
|
|
|
70,100
|
Mitsui Mining & Smelting Co. Ltd.
|
2,066,748
|
|
|
60,100
|
Mitsui OSK Lines Ltd.
|
2,042,361
|
|
|
495,200
|
Mizuho Financial Group, Inc.
|
13,635,732
|
|
|
169,100
|
MS&AD Insurance Group Holdings, Inc.
|
3,506,102
|
|
|
291,600
|
NGK Insulators Ltd.
|
3,741,907
|
|
|
82,800
|
Nifco, Inc.
|
1,978,796
|
|
|
54,600
|
Nippon Shokubai Co. Ltd.
|
662,345
|
|
|
213,800
|
Nippon Television Holdings, Inc.
|
3,946,781
|
|
|
43,900
|
Nippon Yusen KK
|
1,377,737
|
|
|
120,200
|
Niterra Co. Ltd.
|
3,964,467
|
|
|
354,300
|
Nitto Denko Corp.
|
6,284,994
|
|
|
103,500
|
NOK Corp.
|
1,566,005
|
|
|
556,900
|
Nomura Holdings, Inc.
|
3,620,621
|
|
|
212,400
|
NSK Ltd.
|
921,988
|
|
|
113,700
|
Obayashi Corp.
|
1,527,005
|
|
|
311,600
|
ORIX Corp.
|
6,581,872
|
|
|
384,200
|
Panasonic Holdings Corp.
|
3,920,268
|
|
|
123,800
|
Park24 Co. Ltd.
|
1,634,602
|
|
|
89,400
|
Round One Corp.
|
754,512
|
|
|
318,100
|
Sankyo Co. Ltd.
|
4,265,371
|
|
|
211,600
|
Sanwa Holdings Corp.
|
6,622,653
|
|
|
33,200
|
SBI Sumishin Net Bank Ltd.
|
1,011,719
|
|
|
46,900
|
SCSK Corp.
|
1,038,416
|
|
|
90,300
|
Shikoku Electric Power Co., Inc.
|
692,018
|
|
|
72,000
|
Shimamura Co. Ltd.
|
4,096,867
|
|
|
78,400
|
Sojitz Corp.
|
1,611,478
|
|
|
77,400
|
Sompo Holdings, Inc.
|
2,158,380
|
|
|
148,400
|
Stanley Electric Co. Ltd.
|
2,475,450
|
|
|
276,100
|
Subaru Corp.
|
4,809,496
|
|
|
205,000
|
Sumitomo Corp.
|
4,444,449
|
|
|
200,000
|
Sumitomo Electric Industries Ltd.
|
3,736,424
|
|
|
697,000
|
Sumitomo Mitsui Financial Group, Inc.
|
17,176,238
|
|
|
109,900
|
Sumitomo Mitsui Trust Group, Inc.
|
2,763,469
|
|
|
183,700
|
Sumitomo Rubber Industries Ltd.
|
2,141,408
|
|
|
583,200
|
Suzuki Motor Corp.
|
6,978,683
|
|
|
83,000
|
T&D Holdings, Inc.
|
1,579,061
|
|
|
61,700
|
Tamron Co. Ltd.
|
1,804,964
|
|
|
127,500
|
Tokio Marine Holdings, Inc.
|
4,205,376
|
|
|
107,900
|
Tokyo Steel Manufacturing Co. Ltd.
|
1,086,438
|
|
|
19,800
|
Tokyo Tekko Co. Ltd.
|
757,330
|
|
|
812,600
|
Toray Industries, Inc.
|
5,638,609
|
|
|
78,400
|
Tosoh Corp.
|
1,043,097
|
|
|
242,500
|
Toyo Tire Corp.
|
3,986,058
|
|
|
154,000
|
Toyoda Gosei Co. Ltd.
|
2,752,312
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
Japan - 16.0% - (continued)
|
||
|
130,200
|
Toyota Boshoku Corp.
|
$1,728,180
|
|
|
18,000
|
Toyota Industries Corp.
|
1,501,866
|
|
|
1,170,900
|
Toyota Motor Corp.
|
22,211,399
|
|
|
257,100
|
Toyota Tsusho Corp.
|
4,342,324
|
|
|
42,000
|
Tsubakimoto Chain Co.
|
516,051
|
|
|
27,300
|
TV Asahi Holdings Corp.
|
431,589
|
|
|
510,100
|
USS Co. Ltd.
|
4,573,704
|
|
|
89,300
|
Wacom Co. Ltd.
|
384,294
|
|
|
57,000
|
Zenkoku Hosho Co. Ltd.
|
2,022,233
|
|
|
|
|
|
326,518,701
|
|
|
Jordan - 0.1%
|
||
|
49,515
|
Hikma Pharmaceuticals PLC
|
1,407,142
|
|
|
|
Malaysia - 0.7%
|
||
|
1,141,000
|
CIMB Group Holdings Bhd.
|
2,048,248
|
|
|
634,700
|
Hong Leong Bank Bhd.
|
2,870,731
|
|
|
11,640,900
|
My EG Services Bhd.
|
2,482,665
|
|
|
213,500
|
Petronas Gas Bhd.
|
822,365
|
|
|
987,500
|
RHB Bank Bhd.
|
1,423,792
|
|
|
4,769,500
|
Sime Darby Property Bhd.
|
1,509,492
|
|
|
928,100
|
Westports Holdings Bhd.
|
953,606
|
|
|
2,559,500
|
YTL Power International Bhd.
|
1,790,307
|
|
|
|
|
|
13,901,206
|
|
|
Mexico - 0.7%
|
||
|
1,932,600
|
America Movil SAB de CV Series B
|
1,356,980
|
|
|
194,600
|
Arca Continental SAB de CV
|
1,772,830
|
|
|
190,300
|
Grupo Aeroportuario del Centro Norte SAB de CV
|
1,796,839
|
|
|
7,970
|
Grupo Aeroportuario del Sureste SAB de CV ADR
|
2,187,526
|
|
|
579,400
|
Grupo Financiero Banorte SAB de CV Class O
|
4,021,856
|
|
|
873,900
|
Grupo Mexico SAB de CV Class B
|
4,265,755
|
|
|
|
|
|
15,401,786
|
|
|
Netherlands - 1.4%
|
||
|
116,563
|
ABN AMRO Bank NV(1)
|
1,955,125
|
|
|
42,900
|
Euronext NV(1)
|
4,982,710
|
|
|
163,316
|
ING Groep NV
|
2,714,457
|
|
|
211,041
|
Koninklijke Ahold Delhaize NV
|
7,478,786
|
|
|
1,566,298
|
Koninklijke KPN NV
|
5,667,684
|
|
|
33,262
|
Koninklijke Vopak NV
|
1,526,754
|
|
|
90,112
|
NN Group NV
|
4,135,802
|
|
|
|
|
|
28,461,318
|
|
|
Norway - 0.9%
|
||
|
286,455
|
Aker Solutions ASA
|
813,350
|
|
|
273,633
|
DNB Bank ASA
|
5,812,151
|
|
|
337,445
|
Equinor ASA
|
8,126,949
|
|
|
365,393
|
Orkla ASA
|
3,393,052
|
|
|
|
|
|
18,145,502
|
|
|
Peru - 0.2%
|
||
|
20,365
|
Credicorp Ltd.
|
3,728,831
|
|
|
|
Philippines - 0.3%
|
||
|
771,890
|
BDO Unibank, Inc.
|
1,819,541
|
|
|
332,350
|
International Container Terminal Services, Inc.
|
1,984,453
|
|
|
39,650
|
Manila Electric Co.
|
304,305
|
|
|
1,668,330
|
Metropolitan Bank & Trust Co.
|
1,977,841
|
|
|
|
|
|
6,086,140
|
|
|
Poland - 0.5%
|
||
|
58,129
|
Alior Bank SA
|
1,341,729
|
|
|
36,021
|
Bank Polska Kasa Opieki SA
|
1,413,029
|
|
|
183,078
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
3,003,709
|
|
|
35,011
|
Santander Bank Polska SA
|
4,346,101
|
|
|
|
|
|
10,104,568
|
|
|
37
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
Portugal - 0.2%
|
||
|
6,446,883
|
Banco Comercial Portugues SA Class R
|
$3,365,220
|
|
|
118,346
|
Navigator Co. SA
|
432,468
|
|
|
|
|
|
3,797,688
|
|
|
Romania - 0.2%
|
||
|
451,957
|
NEPI Rockcastle NV
|
3,415,351
|
|
|
|
Singapore - 1.5%
|
||
|
124,700
|
DBS Group Holdings Ltd.
|
4,081,671
|
|
|
614,300
|
Oversea-Chinese Banking Corp. Ltd.
|
7,835,258
|
|
|
922,300
|
Sembcorp Industries Ltd.
|
3,772,646
|
|
|
2,045,400
|
Singapore Telecommunications Ltd.
|
4,997,653
|
|
|
17,738
|
STMicroelectronics NV
|
396,284
|
|
|
317,800
|
United Overseas Bank Ltd.
|
8,736,208
|
|
|
328,100
|
UOL Group Ltd.
|
1,223,632
|
|
|
|
|
|
31,043,352
|
|
|
South Africa - 0.5%
|
||
|
313,311
|
AVI Ltd.
|
1,652,209
|
|
|
321,852
|
FirstRand Ltd.
|
1,309,455
|
|
|
70,647
|
Gold Fields Ltd. ADR
|
1,196,054
|
|
|
734,394
|
Momentum Group Ltd.
|
1,132,498
|
|
|
72,941
|
Mr. Price Group Ltd.
|
972,362
|
|
|
215,973
|
Sappi Ltd.
|
552,570
|
|
|
101,004
|
Standard Bank Group Ltd.
|
1,178,096
|
|
|
452,934
|
Truworths International Ltd.
|
2,078,660
|
|
|
|
|
|
10,071,904
|
|
|
South Korea - 4.2%
|
||
|
25,038
|
Coway Co. Ltd.*
|
1,324,534
|
|
|
26,103
|
DB Insurance Co. Ltd.
|
1,736,812
|
|
|
6,092
|
DoubleUGames Co. Ltd.*
|
204,837
|
|
|
68,689
|
Hana Financial Group, Inc.
|
2,843,074
|
|
|
29,895
|
HD Hyundai Co. Ltd.
|
1,700,541
|
|
|
20,259
|
HD Hyundai Electric Co. Ltd.
|
5,660,425
|
|
|
9,240
|
HD Korea Shipbuilding & Offshore Engineering Co.
Ltd.*
|
1,464,563
|
|
|
50,594
|
Hyundai Glovis Co. Ltd.
|
5,168,610
|
|
|
27,374
|
Hyundai Mobis Co. Ltd.
|
4,939,792
|
|
|
12,651
|
Hyundai Motor Co.
|
1,780,616
|
|
|
85,643
|
KB Financial Group, Inc.
|
5,365,645
|
|
|
45,231
|
KEPCO Plant Service & Engineering Co. Ltd.*
|
1,440,225
|
|
|
68,388
|
Kia Corp.
|
4,771,966
|
|
|
35,431
|
Korean Air Lines Co. Ltd.*
|
601,517
|
|
|
15,631
|
Krafton, Inc.*
|
3,894,548
|
|
|
65,441
|
KT Corp.
|
2,148,159
|
|
|
34,132
|
LG Electronics, Inc.
|
1,966,549
|
|
|
101,821
|
LG Uplus Corp.
|
701,608
|
|
|
12,220
|
Samsung C&T Corp.
|
1,001,750
|
|
|
435,954
|
Samsung Electronics Co. Ltd.
|
15,569,539
|
|
|
10,953
|
Samsung Fire & Marine Insurance Co. Ltd.
|
2,858,694
|
|
|
4,827
|
Samyang Foods Co. Ltd.
|
2,260,536
|
|
|
91,463
|
Shinhan Financial Group Co. Ltd.
|
3,186,005
|
|
|
79,091
|
SK Hynix, Inc.
|
10,647,989
|
|
|
36,539
|
SK Telecom Co. Ltd.
|
1,391,375
|
|
|
7,034
|
Soop Co. Ltd.*
|
386,216
|
|
|
12,361
|
T&L Co. Ltd.
|
663,056
|
|
|
|
|
|
85,679,181
|
|
|
Spain - 4.0%
|
||
|
156,439
|
Acerinox SA
|
1,569,834
|
|
|
106,310
|
ACS Actividades de Construccion y Servicios SA
|
5,412,689
|
|
|
49,992
|
Aena SME SA(1)
|
10,766,285
|
|
|
50,391
|
Amadeus IT Group SA
|
3,687,490
|
|
|
114,169
|
Atresmedia Corp. de Medios de Comunicacion SA
|
521,815
|
|
|
1,157,734
|
Banco Bilbao Vizcaya Argentaria SA
|
13,180,751
|
|
|
2,722,465
|
Banco Santander SA
|
13,951,282
|
|
|
656,803
|
CaixaBank SA
|
3,975,864
|
|
|
24,165
|
CIE Automotive SA
|
644,114
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
Spain - 4.0% - (continued)
|
||
|
430,211
|
Endesa SA(2)
|
$9,524,148
|
|
|
32,250
|
Grupo Catalana Occidente SA
|
1,288,062
|
|
|
15,502
|
Iberdrola SA*
|
219,356
|
|
|
859,793
|
Iberdrola SA
|
12,150,217
|
|
|
145,052
|
Indra Sistemas SA
|
2,780,093
|
|
|
270,139
|
Repsol SA(2)
|
3,139,526
|
|
|
|
|
|
82,811,526
|
|
|
Sweden - 2.1%
|
||
|
82,686
|
Betsson AB Class B
|
1,130,092
|
|
|
107,406
|
Billerud Aktiebolag
|
1,104,303
|
|
|
10,771
|
Loomis AB
|
342,822
|
|
|
186,209
|
Securitas AB Class B
|
2,369,144
|
|
|
166,676
|
Skandinaviska Enskilda Banken AB Class A
|
2,362,507
|
|
|
49,389
|
SKF AB Class B
|
997,548
|
|
|
274,137
|
Swedbank AB Class A
|
5,968,906
|
|
|
130,705
|
Swedish Orphan Biovitrum AB*
|
3,958,471
|
|
|
557,657
|
Tele2 AB Class B
|
6,203,845
|
|
|
661,955
|
Telefonaktiebolaget LM Ericsson Class B
|
4,984,439
|
|
|
1,391,375
|
Telia Co. AB
|
4,094,642
|
|
|
362,670
|
Volvo AB Class B
|
9,992,793
|
|
|
|
|
|
43,509,512
|
|
|
Switzerland - 1.1%
|
||
|
955
|
dormakaba Holding AG
|
685,747
|
|
|
9,243
|
Swissquote Group Holding SA
|
4,012,545
|
|
|
211,618
|
UBS Group AG
|
7,461,551
|
|
|
15,679
|
Zurich Insurance Group AG
|
9,500,918
|
|
|
|
|
|
21,660,761
|
|
|
Taiwan - 4.1%
|
||
|
56,000
|
Asia Vital Components Co. Ltd.
|
942,869
|
|
|
119,000
|
Asustek Computer, Inc.
|
2,166,096
|
|
|
132,000
|
AURAS Technology Co. Ltd.
|
2,447,700
|
|
|
353,000
|
Bizlink Holding, Inc.
|
6,680,422
|
|
|
655,000
|
Cathay Financial Holding Co. Ltd.
|
1,320,663
|
|
|
127,000
|
Delta Electronics, Inc.
|
1,654,814
|
|
|
148,000
|
Depo Auto Parts Ind Co. Ltd.
|
961,492
|
|
|
43,000
|
Eclat Textile Co. Ltd.
|
685,075
|
|
|
704,000
|
Evergreen Marine Corp. Taiwan Ltd.
|
4,366,804
|
|
|
41,000
|
Fusheng Precision Co. Ltd.
|
408,162
|
|
|
1,758,000
|
Hon Hai Precision Industry Co. Ltd.
|
9,387,075
|
|
|
33,000
|
King Slide Works Co. Ltd.
|
1,494,787
|
|
|
369,000
|
MediaTek, Inc.
|
15,980,292
|
|
|
211,000
|
Nien Made Enterprise Co. Ltd.
|
2,769,861
|
|
|
77,000
|
Pixart Imaging, Inc.
|
561,074
|
|
|
950,000
|
Quanta Computer, Inc.
|
7,531,725
|
|
|
227,000
|
Realtek Semiconductor Corp.
|
3,738,891
|
|
|
358,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
11,947,565
|
|
|
152,000
|
Taiwan Union Technology Corp.
|
752,460
|
|
|
556,000
|
Tripod Technology Corp.
|
3,260,939
|
|
|
1,043,000
|
Wistron Corp.
|
3,422,970
|
|
|
487,000
|
Yang Ming Marine Transport Corp.
|
999,281
|
|
|
|
|
|
83,481,017
|
|
|
Thailand - 0.2%
|
||
|
315,400
|
Advanced Info Service PCL NVDR
|
2,651,333
|
|
|
249,000
|
Bangkok Bank PCL NVDR
|
1,136,338
|
|
|
2,134,100
|
Krung Thai Bank PCL NVDR
|
1,447,423
|
|
|
|
|
|
5,235,094
|
|
|
United Kingdom - 9.2%
|
||
|
37,023
|
4imprint Group PLC
|
2,740,315
|
|
|
282,797
|
AG Barr PLC
|
2,138,903
|
|
|
83,650
|
AJ Bell PLC
|
459,398
|
|
|
59,011
|
AstraZeneca PLC
|
8,283,702
|
|
|
125,138
|
Balfour Beatty PLC
|
721,798
|
|
|
2,960,005
|
Barclays PLC
|
10,848,401
|
|
|
497,175
|
Beazley PLC
|
5,133,488
|
|
|
|
38
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.4% - (continued)
|
|||
|
|
United Kingdom - 9.2% - (continued)
|
||
|
83,227
|
Bellway PLC
|
$2,686,559
|
|
|
867,130
|
Direct Line Insurance Group PLC
|
2,879,262
|
|
|
311,354
|
Domino's Pizza Group PLC
|
1,159,687
|
|
|
167,259
|
Dunelm Group PLC
|
2,048,957
|
|
|
83,229
|
easyJet PLC
|
525,694
|
|
|
224,171
|
Gamma Communications PLC
|
3,718,964
|
|
|
236,268
|
Hargreaves Lansdown PLC
|
3,219,836
|
|
|
35,003
|
Hill & Smith PLC
|
857,831
|
|
|
143,954
|
Hiscox Ltd.
|
1,950,879
|
|
|
2,617,925
|
HSBC Holdings PLC
|
27,305,785
|
|
|
87,650
|
IG Group Holdings PLC
|
1,107,421
|
|
|
279,580
|
IMI PLC
|
6,917,456
|
|
|
75,420
|
Intertek Group PLC
|
4,756,630
|
|
|
2,934,540
|
ITV PLC
|
2,691,424
|
|
|
68,241
|
JET2 PLC
|
1,295,409
|
|
|
1,032,100
|
Legal & General Group PLC
|
3,081,990
|
|
|
11,265,956
|
Lloyds Banking Group PLC
|
8,661,990
|
|
|
1,409,716
|
Mitie Group PLC
|
2,018,671
|
|
|
781,061
|
MONY Group PLC
|
1,878,768
|
|
|
1,938,997
|
NatWest Group PLC
|
10,338,055
|
|
|
124,207
|
Next PLC
|
15,266,234
|
|
|
105,631
|
Norcros PLC
|
305,164
|
|
|
181,348
|
Persimmon PLC
|
2,831,820
|
|
|
136,802
|
Reckitt Benckiser Group PLC
|
9,046,544
|
|
|
629,291
|
Rotork PLC
|
2,714,121
|
|
|
241,409
|
Smiths Group PLC
|
6,148,731
|
|
|
739,557
|
Standard Chartered PLC
|
9,946,682
|
|
|
1,505,715
|
Taylor Wimpey PLC
|
2,229,959
|
|
|
1,488,181
|
Tesco PLC
|
6,849,188
|
|
|
203,693
|
Trainline PLC*(1)
|
894,588
|
|
|
149,544
|
Unilever PLC
|
8,565,434
|
|
|
190,931
|
United Utilities Group PLC
|
2,412,436
|
|
|
59,286
|
Volution Group PLC
|
389,432
|
|
|
128,708
|
WPP PLC
|
1,223,517
|
|
|
81,448
|
Zigup PLC
|
308,249
|
|
|
|
|
|
188,559,372
|
|
|
United States - 6.4%
|
||
|
2,432,984
|
BP PLC
|
12,586,537
|
|
|
58,961
|
Genpact Ltd.
|
2,870,811
|
|
|
76,306
|
Holcim AG
|
7,647,688
|
|
|
153,425
|
Novartis AG
|
16,060,032
|
|
|
81,699
|
Roche Holding AG
|
25,683,854
|
|
|
211,847
|
Sanofi SA
|
23,023,964
|
|
|
698,858
|
Shell PLC
|
23,005,788
|
|
|
387,800
|
Stellantis NV
|
5,177,863
|
|
|
60,566
|
Swiss Re AG
|
9,246,447
|
|
|
299,237
|
Tenaris SA
|
5,655,341
|
|
|
|
|
|
130,958,325
|
|
|
Total Common Stocks
(cost $1,739,258,625)
|
|
$2,013,320,640
|
|
PREFERRED STOCKS - 1.0%
|
|||
|
|
Brazil - 0.6%
|
||
|
2,653,498
|
Banco Bradesco SA (Preference Shares)(4)
|
$5,489,479
|
|
|
1,701,553
|
Cia De Sanena Do Parana (Preference Shares)(4)
|
1,496,562
|
|
|
1,052,100
|
Marcopolo SA (Preference Shares)(4)
|
1,499,644
|
|
|
498,700
|
Petroleo Brasileiro SA (Preference Shares)(4)
|
3,216,263
|
|
|
|
|
|
11,701,948
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
PREFERRED STOCKS - 1.0% - (continued)
|
|||
|
|
Germany - 0.4%
|
||
|
29,771
|
FUCHS SE (Preference Shares)(4)
|
$1,353,181
|
|
|
91,566
|
Henkel AG & Co. KGaA (Preference Shares)(4)
|
8,000,109
|
|
|
|
|
|
9,353,290
|
|
|
Total Preferred Stocks
(cost $23,492,287)
|
|
$21,055,238
|
|
|
Total Long-Term Investments
(cost $1,762,750,912)
|
|
$2,034,375,878
|
|
SHORT-TERM INVESTMENTS - 0.5%
|
|||
|
|
Securities Lending Collateral - 0.5%
|
||
|
1,713,909
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.31%(5)
|
$1,713,909
|
|
|
5,713,028
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.31%(5)
|
5,713,028
|
|
|
1,713,908
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.31%(5)
|
1,713,908
|
|
|
1,713,908
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class,
4.31%(5)
|
1,713,908
|
|
|
|
Total Short-Term Investments
(cost $10,854,753)
|
$10,854,753
|
|
|
|
Total Investments
(cost $1,773,605,665)
|
99.9
%
|
$2,045,230,631
|
|
|
Other Assets and Liabilities
|
0.1
%
|
1,055,620
|
|
|
Net Assets
|
100.0
%
|
$2,046,286,251
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$46,076,097, representing 2.3% of net assets.
|
|
(2)
|
Represents entire or partial securities on loan.
|
|
(3)
|
Investment valued using significant unobservable inputs.
|
|
(4)
|
Currently no rate available.
|
|
(5)
|
Current yield as of period end.
|
|
|
39
|
|
|
Foreign Currency Contracts Outstanding at January 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
29,684,400
|
EUR
|
31,174,366
|
USD
|
BOA
|
03/12/2025
|
$(321,376
)
|
|
30,686,207
|
USD
|
29,684,400
|
EUR
|
MSC
|
03/12/2025
|
(166,783
)
|
|
Total foreign currency contracts
|
$(488,159
)
|
|||||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$2,013,320,640
|
$262,987,442
|
$1,750,333,198
|
$—
|
|
Preferred Stocks
|
21,055,238
|
19,702,057
|
1,353,181
|
—
|
|
Short-Term Investments
|
10,854,753
|
10,854,753
|
—
|
—
|
|
Total
|
$2,045,230,631
|
$293,544,252
|
$1,751,686,379
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(488,159
)
|
$—
|
$(488,159
)
|
$—
|
|
Total
|
$(488,159
)
|
$—
|
$(488,159
)
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
40
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.7%
|
|||
|
|
Austria - 1.6%
|
||
|
1,877,677
|
Erste Group Bank AG
|
$115,437,381
|
|
|
|
Brazil - 2.8%
|
||
|
63,359
|
MercadoLibre, Inc.*
|
121,788,036
|
|
|
5,714,732
|
NU Holdings Ltd. Class A*
|
75,663,052
|
|
|
|
|
|
197,451,088
|
|
|
China - 5.0%
|
||
|
2,237,769
|
Contemporary Amperex Technology Co. Ltd.
Class A
|
79,786,283
|
|
|
2,936,900
|
Tencent Holdings Ltd.
|
154,525,528
|
|
|
9,800,066
|
Tencent Music Entertainment Group ADR
|
117,404,791
|
|
|
|
|
|
351,716,602
|
|
|
Denmark - 1.8%
|
||
|
808,974
|
Novo Nordisk AS Class B
|
68,297,309
|
|
|
4,255,962
|
Vestas Wind Systems AS*
|
58,539,187
|
|
|
|
|
|
126,836,496
|
|
|
France - 3.9%
|
||
|
528,197
|
EssilorLuxottica SA
|
144,968,235
|
|
|
1,312,898
|
Legrand SA
|
133,853,667
|
|
|
|
|
|
278,821,902
|
|
|
Germany - 9.5%
|
||
|
3,751,641
|
Infineon Technologies AG
|
123,348,323
|
|
|
1,358,530
|
SAP SE
|
374,375,724
|
|
|
835,417
|
Siemens AG
|
179,093,406
|
|
|
|
|
|
676,817,453
|
|
|
India - 2.0%
|
||
|
2,279,753
|
HDFC Bank Ltd. ADR
|
138,244,222
|
|
|
|
Indonesia - 1.5%
|
||
|
184,399,200
|
Bank Central Asia Tbk. PT
|
106,523,667
|
|
|
|
Italy - 1.7%
|
||
|
6,485,162
|
FinecoBank Banca Fineco SpA
|
123,121,778
|
|
|
|
Japan - 12.4%
|
||
|
2,249,200
|
ITOCHU Corp.
|
103,562,280
|
|
|
236,900
|
Keyence Corp.
|
102,034,897
|
|
|
14,723,600
|
Mitsubishi UFJ Financial Group, Inc.
|
186,200,393
|
|
|
7,137,300
|
MS&AD Insurance Group Holdings, Inc.
|
147,984,043
|
|
|
1,436,200
|
Recruit Holdings Co. Ltd.
|
100,235,511
|
|
|
484,200
|
Shimano, Inc.
|
67,945,710
|
|
|
159,000
|
SMC Corp.
|
60,163,412
|
|
|
5,913,400
|
Terumo Corp.
|
111,017,615
|
|
|
|
|
|
879,143,861
|
|
|
Netherlands - 4.1%
|
||
|
263,101
|
ASML Holding NV
|
194,632,408
|
|
|
1,391,265
|
Heineken NV
|
96,661,827
|
|
|
|
|
|
291,294,235
|
|
|
Norway - 1.3%
|
||
|
4,322,284
|
DNB Bank ASA
|
91,808,252
|
|
|
|
Spain - 3.0%
|
||
|
13,356,169
|
Bankinter SA
|
113,795,558
|
|
|
118,964
|
Iberdrola SA*
|
1,683,360
|
|
|
6,953,747
|
Iberdrola SA
|
98,267,300
|
|
|
|
|
|
213,746,218
|
|
|
Sweden - 1.6%
|
||
|
10,147,881
|
Svenska Handelsbanken AB Class A
|
112,272,839
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.7% - (continued)
|
|||
|
|
Switzerland - 4.8%
|
||
|
13,560
|
Chocoladefabriken Lindt & Spruengli AG
|
$155,764,893
|
|
|
965,791
|
Cie Financiere Richemont SA Class A
|
186,705,295
|
|
|
|
|
|
342,470,188
|
|
|
Taiwan - 4.8%
|
||
|
10,254,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
342,207,616
|
|
|
|
United Kingdom - 14.8%
|
||
|
809,559
|
AstraZeneca PLC
|
113,642,297
|
|
|
3,220,090
|
Bunzl PLC
|
137,068,481
|
|
|
4,589,680
|
Diageo PLC
|
136,728,466
|
|
|
150,975,529
|
Lloyds Banking Group PLC
|
116,079,670
|
|
|
2,065,701
|
Reckitt Benckiser Group PLC
|
136,602,202
|
|
|
4,175,457
|
RELX PLC
|
207,338,263
|
|
|
3,618,679
|
Unilever PLC
|
207,267,143
|
|
|
|
|
|
1,054,726,522
|
|
|
United States - 21.1%
|
||
|
366,044
|
ARM Holdings PLC ADR*
|
58,402,320
|
|
|
22,565
|
Booking Holdings, Inc.
|
106,903,041
|
|
|
554,577
|
Ferguson Enterprises, Inc.
|
100,444,986
|
|
|
7,786,499
|
GSK PLC
|
135,637,519
|
|
|
27,988,337
|
Haleon PLC
|
130,459,547
|
|
|
1,445,102
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
138,296,261
|
|
|
305,148
|
Lululemon Athletica, Inc.*
|
126,392,302
|
|
|
636,228
|
Roche Holding AG
|
200,012,080
|
|
|
1,267,382
|
Sanofi SA
|
137,741,660
|
|
|
645,724
|
Schneider Electric SE
|
163,771,521
|
|
|
6,007,620
|
Shell PLC
|
198,763,768
|
|
|
|
|
|
1,496,825,005
|
|
|
Total Common Stocks
(cost $5,734,354,934)
|
|
$6,939,465,325
|
|
|
Total Investments
(cost $5,734,354,934)
|
97.7
%
|
$6,939,465,325
|
|
|
Other Assets and Liabilities
|
2.3
%
|
165,559,044
|
|
|
Net Assets
|
100.0
%
|
$7,105,024,369
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
41
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$6,939,465,325
|
$983,539,011
|
$5,955,926,314
|
$—
|
|
Total
|
$6,939,465,325
|
$983,539,011
|
$5,955,926,314
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
42
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.7%
|
|||
|
|
Australia - 2.1%
|
||
|
348
|
Rio Tinto Ltd.
|
$25,063
|
|
|
|
Belgium - 1.0%
|
||
|
578
|
Azelis Group NV
|
11,841
|
|
|
|
China - 6.8%
|
||
|
3,000
|
BOC Hong Kong Holdings Ltd.
|
9,752
|
|
|
4,000
|
China Mengniu Dairy Co. Ltd.
|
8,018
|
|
|
4,600
|
China Pacific Insurance Group Co. Ltd. Class H
|
13,702
|
|
|
300
|
Contemporary Amperex Technology Co. Ltd. Class A
|
10,696
|
|
|
3,600
|
H World Group Ltd.
|
11,655
|
|
|
2,600
|
Sany Heavy Industry Co. Ltd. Class A
|
5,779
|
|
|
300
|
Tencent Holdings Ltd.
|
15,785
|
|
|
800
|
WuXi AppTec Co. Ltd. Class H(1)
|
5,694
|
|
|
|
|
|
81,081
|
|
|
Denmark - 3.1%
|
||
|
253
|
Novo Nordisk AS Class B
|
21,360
|
|
|
268
|
Novonesis (Novozymes) B Class B
|
15,365
|
|
|
|
|
|
36,725
|
|
|
Finland - 1.6%
|
||
|
862
|
Stora Enso OYJ Class R
|
9,547
|
|
|
315
|
UPM-Kymmene OYJ
|
9,289
|
|
|
|
|
|
18,836
|
|
|
France - 3.7%
|
||
|
63
|
Airbus SE
|
10,897
|
|
|
82
|
EssilorLuxottica SA
|
22,506
|
|
|
109
|
Publicis Groupe SA
|
11,592
|
|
|
|
|
|
44,995
|
|
|
Germany - 8.6%
|
||
|
150
|
Beiersdorf AG
|
20,066
|
|
|
406
|
GEA Group AG
|
21,428
|
|
|
129
|
SAP SE
|
35,549
|
|
|
121
|
Siemens AG
|
25,939
|
|
|
|
|
|
102,982
|
|
|
India - 3.4%
|
||
|
437
|
HDFC Bank Ltd.
|
8,554
|
|
|
152
|
HDFC Bank Ltd. ADR
|
9,217
|
|
|
481
|
ICICI Bank Ltd. ADR
|
13,790
|
|
|
9,350
|
NHPC Ltd.
|
8,645
|
|
|
|
|
|
40,206
|
|
|
Indonesia - 1.0%
|
||
|
33,100
|
Bank Mandiri Persero Tbk. PT
|
12,162
|
|
|
|
Ireland - 1.3%
|
||
|
1,540
|
Bank of Ireland Group PLC
|
15,302
|
|
|
|
Italy - 1.4%
|
||
|
3,996
|
Intesa Sanpaolo SpA
|
17,296
|
|
|
|
Japan - 21.1%
|
||
|
200
|
Chugai Pharmaceutical Co. Ltd.
|
8,623
|
|
|
200
|
Cosmos Pharmaceutical Corp.
|
9,361
|
|
|
100
|
Daikin Industries Ltd.
|
11,746
|
|
|
100
|
Disco Corp.
|
28,942
|
|
|
200
|
Harmonic Drive Systems, Inc.
|
5,745
|
|
|
400
|
Ibiden Co. Ltd.
|
11,729
|
|
|
200
|
Isuzu Motors Ltd.
|
2,689
|
|
|
300
|
Kyudenko Corp.
|
10,184
|
|
|
400
|
Makita Corp.
|
11,829
|
|
|
800
|
Mitsubishi UFJ Financial Group, Inc.
|
10,117
|
|
|
100
|
Nitori Holdings Co. Ltd.
|
11,710
|
|
|
1,500
|
NTT Data Group Corp.
|
29,110
|
|
|
900
|
ORIX Corp.
|
19,011
|
|
|
200
|
Sumitomo Forestry Co. Ltd.
|
6,837
|
|
|
500
|
Sumitomo Realty & Development Co. Ltd.
|
17,277
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.7% - (continued)
|
|||
|
|
Japan - 21.1% - (continued)
|
||
|
2,400
|
Suzuki Motor Corp.
|
$28,719
|
|
|
300
|
Toyota Industries Corp.
|
25,031
|
|
|
100
|
Visional, Inc.*
|
4,961
|
|
|
|
|
|
253,621
|
|
|
Netherlands - 2.7%
|
||
|
26
|
ASM International NV
|
15,085
|
|
|
24
|
ASML Holding NV
|
17,754
|
|
|
|
|
|
32,839
|
|
|
Norway - 1.6%
|
||
|
929
|
DNB Bank ASA
|
19,733
|
|
|
|
Philippines - 0.7%
|
||
|
23,300
|
Ayala Land, Inc.
|
8,865
|
|
|
|
Portugal - 0.8%
|
||
|
2,993
|
EDP - Energias de Portugal SA
|
9,410
|
|
|
|
Singapore - 2.1%
|
||
|
700
|
Oversea-Chinese Banking Corp. Ltd.
|
8,928
|
|
|
6,700
|
Singapore Telecommunications Ltd.
|
16,371
|
|
|
|
|
|
25,299
|
|
|
South Korea - 3.4%
|
||
|
263
|
Hana Financial Group, Inc.
|
10,886
|
|
|
28
|
Hyundai Motor Co.
|
3,941
|
|
|
330
|
Samsung Electronics Co. Ltd.
|
11,785
|
|
|
101
|
SK Hynix, Inc.
|
13,598
|
|
|
|
|
|
40,210
|
|
|
Spain - 0.4%
|
||
|
483
|
Acerinox SA
|
4,847
|
|
|
|
Sweden - 3.7%
|
||
|
332
|
Assa Abloy AB Class B
|
10,171
|
|
|
1,227
|
Skandinaviska Enskilda Banken AB Class A
|
17,392
|
|
|
620
|
SKF AB Class B
|
12,523
|
|
|
438
|
Svenska Handelsbanken AB Class A
|
4,846
|
|
|
|
|
|
44,932
|
|
|
Switzerland - 1.3%
|
||
|
80
|
Cie Financiere Richemont SA Class A
|
15,465
|
|
|
|
Taiwan - 7.3%
|
||
|
2,000
|
Hon Hai Precision Industry Co. Ltd.
|
10,679
|
|
|
930
|
MediaTek, Inc.
|
40,276
|
|
|
175
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR
|
36,631
|
|
|
|
|
|
87,586
|
|
|
Thailand - 1.2%
|
||
|
20,400
|
Bangkok Dusit Medical Services PCL Class F
|
14,236
|
|
|
|
United Kingdom - 9.4%
|
||
|
5,682
|
ConvaTec Group PLC(1)
|
17,324
|
|
|
266
|
Reckitt Benckiser Group PLC
|
17,590
|
|
|
284
|
RELX PLC
|
14,103
|
|
|
856
|
SSE PLC
|
17,245
|
|
|
2,145
|
Standard Chartered PLC
|
28,849
|
|
|
507
|
Whitbread PLC
|
17,586
|
|
|
|
|
|
112,697
|
|
|
United States - 8.0%
|
||
|
100
|
CSL Ltd.
|
17,264
|
|
|
2,759
|
Haleon PLC
|
12,860
|
|
|
429
|
Newmont Corp. CDI
|
18,183
|
|
|
33
|
Roche Holding AG
|
10,374
|
|
|
345
|
Shell PLC
|
11,328
|
|
|
|
43
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.7% - (continued)
|
|||
|
|
United States - 8.0% - (continued)
|
||
|
558
|
Stellantis NV
|
$7,451
|
|
|
124
|
Swiss Re AG
|
18,931
|
|
|
|
|
|
96,391
|
|
|
Total Common Stocks
(cost $1,045,382)
|
|
$1,172,620
|
|
|
Total Investments
(cost $1,045,382)
|
97.7
%
|
$1,172,620
|
|
|
Other Assets and Liabilities
|
2.3
%
|
27,964
|
|
|
Net Assets
|
100.0
%
|
$1,200,584
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$23,018, representing 1.9% of net assets.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$1,172,620
|
$73,874
|
$1,098,746
|
$—
|
|
Total
|
$1,172,620
|
$73,874
|
$1,098,746
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
44
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 0.1%
|
|||
|
|
Diversified Financial Services - 0.1%
|
||
|
$ 920,000
|
MMH Master LLC 6.38%, 02/01/2034(1)
|
$914,083
|
|
|
|
Total Corporate Bonds
(cost $920,000)
|
$914,083
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 0.3%
|
|||
|
|
Mexico - 0.3%
|
||
|
4,438,000
|
Mexico Government International Bonds
6.88%, 05/13/2037
|
$4,461,684
|
|
|
|
Total Foreign Government Obligations
(cost $4,420,031)
|
|
$4,461,684
|
|
MUNICIPAL BONDS - 86.7%
|
|||
|
|
Alabama - 1.4%
|
||
|
5,775,000
|
Black Belt Energy Gas Dist, AL, Rev 5.25%,
12/01/2053(2)
|
$6,211,760
|
|
|
3,495,000
|
County of Jefferson Sewer, AL, Rev 5.50%,
10/01/2053
|
3,746,459
|
|
|
2,975,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.25%, 07/01/2054(2)
|
3,205,788
|
|
|
5,020,000
|
Town of Pike Road, AL, GO 5.00%,
03/01/2052
|
5,261,794
|
|
|
|
|
|
18,425,801
|
|
|
Arkansas - 0.3%
|
||
|
3,520,000
|
Arkansas Dev Finance Auth, AR, Rev,
(FHLMC), (FNMA), (GNMA) 5.00%,
01/01/2055
|
3,709,802
|
|
|
|
California - 3.4%
|
||
|
1,365,000
|
California Community Choice Financing Auth,
CA, Rev 5.00%, 02/01/2054(2)
|
1,442,539
|
|
|
9,015,000
|
California Infrastructure & Economic Dev
Bank, CA, Rev 5.25%, 07/01/2054
|
9,407,939
|
|
|
8,695,000
|
Golden State Tobacco Securitization Corp.,
CA, Rev 3.00%, 06/01/2046
|
8,040,972
|
|
|
1,000,000
|
Merced Union High School Dist, CA, GO
0.00%, 08/01/2034(3)
|
716,445
|
|
|
5,265,000
|
Oxnard School Dist, CA, GO, (BAM) 4.25%,
08/01/2053
|
5,275,795
|
|
|
340,000
|
San Diego Unified School Dist, CA, GO
4.55%, 07/01/2052
|
349,952
|
|
|
4,335,000
|
San Francisco Bay Area Rapid Transit Dist,
CA, GO 4.25%, 08/01/2052
|
4,361,680
|
|
|
11,750,000
|
Sweetwater Union High School Dist, CA, GO
5.00%, 08/01/2052
|
12,525,387
|
|
|
430,000
|
Washington Township Health Care Dist, CA,
GO, (AGM) 4.50%, 08/01/2053
|
437,619
|
|
|
|
|
|
42,558,328
|
|
|
Colorado - 1.8%
|
||
|
3,820,000
|
Adams County Housing Auth, CO, Rev 4.50%,
05/01/2042(2)
|
3,823,445
|
|
|
3,495,000
|
City & County of Denver Airport System, CO,
Rev 5.25%, 11/15/2053
|
3,756,212
|
|
|
11,715,000
|
City of Colorado Springs Utilities System, CO,
Rev 4.00%, 11/15/2051
|
11,165,202
|
|
|
|
Colorado Housing & Finance Auth, CO, Rev
|
|
|
|
2,410,000
|
3.50%, 11/01/2043(2)
|
2,414,798
|
|
|
1,830,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
05/01/2050
|
1,817,294
|
|
|
|
|
|
22,976,951
|
|
|
Connecticut - 0.1%
|
||
|
910,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/15/2042
|
916,600
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
District of Columbia - 1.1%
|
||
|
|
Dist of Columbia Housing Finance Agency,
DC, Rev
|
|
|
|
$ 2,675,000
|
3.65%, 07/01/2028(2)
|
$2,688,237
|
|
|
3,460,000
|
5.00%, 12/01/2028(2)
|
3,603,879
|
|
|
7,775,000
|
Dist of Columbia Water & Sewer Auth, DC,
Rev 4.00%, 10/01/2047
|
7,503,473
|
|
|
|
|
|
13,795,589
|
|
|
Florida - 3.8%
|
||
|
275,000
|
Broward County Housing Finance Auth, FL,
Rev, (HUD) 3.40%, 03/01/2057(2)
|
275,016
|
|
|
1,590,000
|
City of Cape Coral Water & Sewer, FL, Rev,
(BAM) 5.25%, 10/01/2053
|
1,716,390
|
|
|
11,440,000
|
County of Broward Convention Center Hotel,
FL, Rev 4.00%, 01/01/2051
|
10,957,955
|
|
|
2,110,000
|
County of Miami-Dade Water & Sewer
System, FL, Rev 4.00%, 10/01/2051
|
1,982,773
|
|
|
3,120,000
|
Escambia County Housing Finance Auth, FL,
Rev 3.80%, 06/01/2027(2)
|
3,131,440
|
|
|
2,160,000
|
Florida Dev Finance Corp., FL, Rev 5.25%,
08/01/2055
|
2,224,978
|
|
|
|
Florida Housing Finance Corp., FL, Rev,
|
|
|
|
180,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2051
|
176,811
|
|
|
1,665,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2052
|
1,626,811
|
|
|
1,425,000
|
(GNMA) 3.35%, 10/01/2027(2)
|
1,422,167
|
|
|
1,595,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
07/01/2051
|
1,584,135
|
|
|
250,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2049
|
250,639
|
|
|
5,385,000
|
Miami-Dade County Housing Finance Auth,
FL, Rev, (FNMA), (HUD) 4.88%, 03/01/2046
|
5,489,381
|
|
|
15,120,000
|
Orange County Health Facs Auth, FL, Rev
5.25%, 10/01/2056
|
16,112,447
|
|
|
1,510,000
|
St. Johns County Housing Finance Auth, FL,
Rev 3.55%, 07/01/2027(2)
|
1,510,226
|
|
|
|
|
|
48,461,169
|
|
|
Georgia - 4.0%
|
||
|
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
|
8,250,000
|
4.00%, 03/01/2050(2)
|
8,270,925
|
|
|
1,520,000
|
4.00%, 05/01/2052(2)
|
1,522,732
|
|
|
11,385,000
|
5.00%, 12/01/2053(2)
|
12,060,583
|
|
|
6,650,000
|
5.00%, 05/01/2054(2)
|
7,047,644
|
|
|
14,280,000
|
5.00%, 05/01/2055(2)
|
15,083,768
|
|
|
3,280,000
|
5.00%, 06/01/2055(2)(4)
|
3,504,040
|
|
|
2,400,000
|
Valdosta & Lowndes County Hospital Auth,
GA, Rev 5.00%, 10/01/2054
|
2,540,630
|
|
|
|
|
|
50,030,322
|
|
|
Illinois - 1.4%
|
||
|
6,820,000
|
Chicago O'Hare International Airport, IL, Rev
5.50%, 01/01/2059
|
7,430,104
|
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
|
3,165,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
04/01/2051
|
3,093,822
|
|
|
2,010,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
10/01/2051
|
1,963,765
|
|
|
4,280,000
|
(FHLMC), (FNMA), (GNMA) 3.75%,
04/01/2050
|
4,279,805
|
|
|
555,000
|
(FHLMC), (FNMA), (GNMA) 4.50%,
10/01/2048
|
561,259
|
|
|
90,000
|
Metropolitan Pier & Exposition Auth, IL, Rev,
(NPFG) 0.00%, 06/15/2028(3)
|
80,396
|
|
|
|
|
|
17,409,151
|
|
|
45
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Indiana - 0.4%
|
||
|
|
Indiana Housing & Community Dev Auth, IN,
Rev,
|
|
|
|
$ 875,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2050
|
$856,971
|
|
|
285,000
|
(GNMA) 4.00%, 07/01/2048
|
285,881
|
|
|
4,255,000
|
Indianapolis Local Public Improvement Bond
Bank, IN, Rev 5.00%, 01/01/2053
|
4,432,079
|
|
|
|
|
|
5,574,931
|
|
|
Iowa - 1.8%
|
||
|
|
Iowa Finance Auth, IA, Rev,
|
|
|
|
4,970,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2051
|
4,823,325
|
|
|
4,615,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2052
|
4,487,942
|
|
|
845,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
07/01/2050
|
833,606
|
|
|
230,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2048
|
230,686
|
|
|
10,310,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2052
|
10,353,163
|
|
|
1,900,000
|
(FHLMC), (FNMA), (GNMA) 5.25%,
07/01/2053
|
1,987,088
|
|
|
|
|
|
22,715,810
|
|
|
Kentucky - 2.1%
|
||
|
|
Kentucky Public Energy Auth, KY, Rev
|
|
|
|
9,780,000
|
5.00%, 01/01/2055(2)
|
10,405,130
|
|
|
14,635,000
|
5.25%, 04/01/2054(2)
|
15,741,050
|
|
|
|
|
|
26,146,180
|
|
|
Louisiana - 1.7%
|
||
|
|
Louisiana Housing Corp., LA, Rev
|
|
|
|
2,290,000
|
3.75%, 02/01/2028(2)
|
2,308,749
|
|
|
185,000
|
4.50%, 12/01/2047
|
186,819
|
|
|
12,250,000
|
Louisiana Local Government Environmental
Facs & Community Dev Auth, LA, Rev
2.50%, 04/01/2036
|
10,087,940
|
|
|
8,135,000
|
Louisiana Stadium & Exposition Dist, LA, Rev
5.25%, 07/01/2053
|
8,573,824
|
|
|
|
|
|
21,157,332
|
|
|
Maryland - 0.7%
|
||
|
7,730,000
|
Maryland Community Dev Administration, MD,
Rev, (FNMA) 4.35%, 02/01/2044
|
7,612,239
|
|
|
1,875,000
|
Maryland State Transportation Auth, MD, Rev
4.00%, 07/01/2050
|
1,782,613
|
|
|
|
|
|
9,394,852
|
|
|
Massachusetts - 1.0%
|
||
|
|
Commonwealth of Massachusetts, MA, GO
|
|
|
|
685,000
|
3.00%, 02/01/2048
|
534,632
|
|
|
4,040,000
|
5.00%, 05/01/2053
|
4,252,630
|
|
|
8,095,000
|
Massachusetts Bay Transportation Auth Sales
Tax, MA, Rev 4.00%, 07/01/2053
|
7,704,672
|
|
|
|
|
|
12,491,934
|
|
|
Michigan - 3.7%
|
||
|
|
Cedar Springs Public School Dist, MI, GO,
|
|
|
|
1,325,000
|
(Q-SBLF) 4.50%, 05/01/2049
|
1,333,405
|
|
|
1,000,000
|
(Q-SBLF) 5.00%, 05/01/2051
|
1,045,902
|
|
|
5,225,000
|
Ferndale Public Schools, MI, GO, (Q-SBLF)
5.00%, 05/01/2053
|
5,455,910
|
|
|
|
Grosse Ile Township School Dist, MI, GO,
|
|
|
|
3,685,000
|
(Q-SBLF) 5.00%, 05/01/2049
|
3,841,029
|
|
|
4,265,000
|
(Q-SBLF) 5.00%, 05/01/2052
|
4,428,794
|
|
|
1,415,000
|
Michigan State Housing Dev Auth, MI, Rev
3.80%, 07/01/2041(2)
|
1,421,914
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Michigan - 3.7% - (continued)
|
||
|
$ 2,080,000
|
Southfield Public Schools, MI, GO, (Q-SBLF)
5.00%, 05/01/2053
|
$2,176,323
|
|
|
15,180,000
|
Troy School Dist, MI, GO, (Q-SBLF) 5.00%,
05/01/2052
|
15,934,057
|
|
|
10,085,000
|
Wayne County Airport Auth, MI, Rev, (AGM)
5.25%, 12/01/2048
|
10,976,219
|
|
|
|
|
|
46,613,553
|
|
|
Minnesota - 0.7%
|
||
|
2,055,000
|
Minneapolis-St. Paul Metropolitan Airports
Commission, MN, Rev 4.25%, 01/01/2052
|
2,016,327
|
|
|
6,735,000
|
Minnesota Housing Finance Agency, MN, Rev,
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2051
|
6,611,176
|
|
|
|
|
|
8,627,503
|
|
|
Mississippi - 0.1%
|
||
|
815,000
|
Mississippi Home Corp., MS, Rev, (FHLMC),
(FNMA), (GNMA) 3.25%, 12/01/2050
|
804,799
|
|
|
|
Missouri - 1.0%
|
||
|
4,775,000
|
Kansas City Planned Industrial Expansion
Auth, MO, Rev 5.00%, 07/01/2045(2)
|
4,921,123
|
|
|
|
Missouri Housing Dev Commission, MO, Rev,
|
|
|
|
2,275,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
05/01/2052
|
2,226,043
|
|
|
1,225,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
05/01/2051
|
1,207,467
|
|
|
730,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
11/01/2050
|
724,430
|
|
|
775,000
|
(FHLMC), (FNMA), (GNMA) 4.25%,
05/01/2049
|
781,277
|
|
|
665,000
|
(FHLMC), (FNMA), (GNMA) 4.75%,
05/01/2049
|
675,749
|
|
|
2,505,000
|
St. Charles County Francis Howell R-III
School Dist, MO, GO 2.00%, 03/01/2037
|
1,947,926
|
|
|
|
|
|
12,484,015
|
|
|
Nebraska - 0.2%
|
||
|
|
Nebraska Investment Finance Auth, NE, Rev,
|
|
|
|
2,410,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
09/01/2050
|
2,364,674
|
|
|
455,000
|
4.00%, 09/01/2048
|
456,216
|
|
|
|
|
|
2,820,890
|
|
|
Nevada - 0.4%
|
||
|
|
Nevada Housing Division, NV, Rev,
|
|
|
|
615,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
04/01/2051
|
601,445
|
|
|
650,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
10/01/2049
|
652,781
|
|
|
3,430,000
|
Reno-Tahoe Airport Auth, NV, Rev 5.25%,
07/01/2054
|
3,664,823
|
|
|
|
|
|
4,919,049
|
|
|
New Jersey - 0.2%
|
||
|
2,260,000
|
New Jersey Housing & Mortgage Finance
Agency, NJ, Rev, (HUD) 3.67%, 02/01/2026
|
2,263,020
|
|
|
140,000
|
New Jersey Transportation Trust Fund Auth,
NJ, Rev 4.00%, 06/15/2035
|
143,026
|
|
|
|
|
|
2,406,046
|
|
|
New Mexico - 2.5%
|
||
|
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
|
2,505,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2051
|
2,450,810
|
|
|
8,065,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2052
|
7,880,199
|
|
|
|
46
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
New Mexico - 2.5% - (continued)
|
||
|
$ 1,000,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2049
|
$1,003,103
|
|
|
415,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2050
|
416,341
|
|
|
10,855,000
|
(FHLMC), (FNMA), (GNMA) 4.25%,
03/01/2053
|
10,995,713
|
|
|
7,990,000
|
(FHLMC), (FNMA), (GNMA) 5.50%,
09/01/2055
|
8,628,772
|
|
|
|
|
|
31,374,938
|
|
|
New York - 5.3%
|
||
|
8,185,000
|
City of New York, NY, GO 4.00%, 04/01/2050
|
7,770,761
|
|
|
13,810,000
|
New York City Transitional Finance Auth,
Future Tax Secured, NY, Rev 4.00%,
02/01/2051
|
13,142,391
|
|
|
1,105,000
|
New York City Transitional Finance Auth, NY,
Rev 4.38%, 05/01/2053
|
1,095,673
|
|
|
6,075,000
|
New York State Dormitory Auth, NY, Rev
3.00%, 03/15/2038
|
5,427,294
|
|
|
8,325,000
|
New York State Housing Finance Agency, NY,
Rev, (FHLMC) 3.57%, 05/01/2042(2)
|
8,327,890
|
|
|
1,190,000
|
Rockland County Industrial Dev Agency, NY,
Rev, (FHA), (HUD) 4.65%, 05/01/2027(2)
|
1,190,682
|
|
|
|
Triborough Bridge & Tunnel Auth Sales Tax,
NY, Rev
|
|
|
|
11,095,000
|
5.00%, 05/15/2053
|
11,689,825
|
|
|
7,180,000
|
5.25%, 05/15/2064
|
7,674,629
|
|
|
|
Triborough Bridge & Tunnel Auth, NY, Rev
|
|
|
|
6,030,000
|
4.13%, 05/15/2052
|
5,767,828
|
|
|
4,740,000
|
5.00%, 05/15/2051
|
4,946,428
|
|
|
|
|
|
67,033,401
|
|
|
North Carolina - 1.3%
|
||
|
11,285,000
|
City of Charlotte Storm Water, NC, Rev
4.00%, 12/01/2054
|
10,915,142
|
|
|
|
Raleigh Housing Auth, NC, Rev,
|
|
|
|
345,000
|
(FNMA) 4.40%, 12/01/2043
|
340,210
|
|
|
4,890,000
|
(FNMA) 4.50%, 02/01/2043
|
4,890,454
|
|
|
|
|
|
16,145,806
|
|
|
Ohio - 1.1%
|
||
|
|
Ohio Housing Finance Agency, OH, Rev
|
|
|
|
2,760,000
|
3.00%, 03/01/2052
|
2,706,878
|
|
|
2,135,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
03/01/2050
|
2,110,789
|
|
|
2,845,000
|
(FHLMC), (FNMA), (GNMA) 4.50%,
09/01/2048
|
2,869,527
|
|
|
2,585,000
|
(FHLMC), (FNMA), (GNMA) 5.00%,
03/01/2052
|
2,665,761
|
|
|
|
Ohio Turnpike & Infrastructure Commission,
OH, Rev
|
|
|
|
1,680,000
|
0.00%, 02/15/2038(3)
|
1,007,330
|
|
|
1,395,000
|
0.00%, 02/15/2041(3)
|
705,206
|
|
|
1,625,000
|
Pickerington Local School Dist, OH, GO
5.00%, 12/01/2053
|
1,704,942
|
|
|
|
|
|
13,770,433
|
|
|
Oklahoma - 0.3%
|
||
|
|
Oklahoma Housing Finance Agency, OK, Rev
|
|
|
|
3,670,000
|
3.35%, 12/01/2027(2)
|
3,668,445
|
|
|
660,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
03/01/2050
|
663,468
|
|
|
|
|
|
4,331,913
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Pennsylvania - 0.4%
|
||
|
$ 850,000
|
Allegheny County Sanitary Auth, PA, Rev
5.00%, 06/01/2053
|
$892,210
|
|
|
4,000,000
|
Bucks County Water & Sewer Auth, PA, Rev,
(AGM) 4.25%, 12/01/2047
|
3,939,986
|
|
|
|
|
|
4,832,196
|
|
|
Rhode Island - 0.5%
|
||
|
|
Rhode Island Health & Educational Building
Corp., RI, Rev,
|
|
|
|
3,160,000
|
(ST AID WITHHLDG) 4.13%, 05/15/2054
|
3,003,525
|
|
|
2,915,000
|
5.25%, 05/15/2054
|
3,040,912
|
|
|
|
|
|
6,044,437
|
|
|
South Carolina - 3.3%
|
||
|
12,950,000
|
Grand Strand Water & Sewer Auth, SC, Rev
4.00%, 06/01/2051
|
12,437,362
|
|
|
19,395,000
|
Patriots Energy Group Financing Agency, SC,
Rev 5.25%, 10/01/2054(2)
|
20,717,171
|
|
|
8,000,000
|
South Carolina Jobs-Economic Dev Auth, SC,
Rev 5.25%, 11/01/2054
|
8,582,802
|
|
|
250,000
|
Tobacco Settlement Management Auth, SC,
Rev 6.38%, 05/15/2030
|
284,746
|
|
|
|
|
|
42,022,081
|
|
|
Tennessee - 3.4%
|
||
|
3,460,000
|
Chattanooga Health Educational & Housing
Facility Board, TN, Rev 5.25%, 12/01/2054
|
3,586,501
|
|
|
10,260,000
|
Cleveland Health & Educational Facs Board,
TN, Rev 5.25%, 08/15/2054
|
10,902,768
|
|
|
3,515,000
|
County of Putnam, TN, GO 2.00%,
04/01/2037
|
2,741,706
|
|
|
2,080,000
|
Johnson City Health & Educational Facs
Board, TN, Rev, (HUD) 3.60%,
12/01/2027(2)
|
2,083,129
|
|
|
|
Metropolitan Government Nashville &
Davidson County Health & Educational
Facs Board, TN, Rev,
|
|
|
|
7,540,000
|
(HUD) 3.50%, 02/01/2048(2)
|
7,502,643
|
|
|
5,655,000
|
(FNMA) 4.60%, 12/01/2044
|
5,676,232
|
|
|
|
Metropolitan Nashville Airport Auth, TN, Rev
|
|
|
|
250,000
|
5.00%, 07/01/2049
|
258,563
|
|
|
1,745,000
|
5.00%, 07/01/2052
|
1,824,076
|
|
|
7,910,000
|
Tennergy Corp., TN, Rev 4.00%, 12/01/2051(2)
|
7,933,089
|
|
|
550,000
|
Tennessee Housing Dev Agency, TN, Rev
4.50%, 07/01/2049
|
556,577
|
|
|
|
|
|
43,065,284
|
|
|
Texas - 33.2%
|
||
|
4,760,000
|
Aldine Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
4,491,188
|
|
|
3,815,000
|
Alvarado Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
3,616,401
|
|
|
|
Arlington Higher Education Finance Corp., TX,
Rev,
|
|
|
|
4,530,000
|
(PSF-GTD) 4.25%, 12/01/2048
|
4,458,009
|
|
|
1,655,000
|
(PSF-GTD) 4.25%, 12/01/2053
|
1,600,930
|
|
|
3,605,000
|
(PSF-GTD) 4.38%, 08/15/2052
|
3,558,200
|
|
|
3,770,000
|
(PSF-GTD) 5.00%, 08/15/2033
|
4,009,176
|
|
|
1,245,000
|
(PSF-GTD) 5.00%, 08/15/2048
|
1,308,778
|
|
|
9,510,000
|
Azle Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
8,972,940
|
|
|
|
Bexar County Hospital Dist, TX, GO
|
|
|
|
3,975,000
|
4.25%, 02/15/2052
|
3,875,790
|
|
|
8,700,000
|
4.25%, 02/15/2053
|
8,441,131
|
|
|
5,975,000
|
Bullard Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
5,663,956
|
|
|
|
47
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Texas - 33.2% - (continued)
|
||
|
$ 6,480,000
|
Carrizo Springs Consolidated Independent
School Dist, TX, GO, (PSF-GTD) 5.00%,
08/15/2049
|
$6,871,575
|
|
|
2,645,000
|
Chapel Hill Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2048
|
2,815,517
|
|
|
665,000
|
City of Dallas Housing Finance Corp., TX, Rev
5.00%, 10/01/2028(2)
|
693,748
|
|
|
745,000
|
Cleburne Independent School Dist, TX, GO,
(PSF-GTD) 3.00%, 02/15/2046
|
576,507
|
|
|
|
Clifton Higher Education Finance Corp., TX,
Rev,
|
|
|
|
3,375,000
|
(PSF-GTD) 4.25%, 04/01/2053
|
3,253,088
|
|
|
3,960,000
|
(PSF-GTD) 4.25%, 08/15/2053
|
3,996,977
|
|
|
4,515,000
|
College of the Mainland, TX, GO 4.00%,
08/15/2049
|
4,132,816
|
|
|
8,130,000
|
Columbia-Brazoria Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 02/01/2053
|
7,677,891
|
|
|
|
Community Independent School Dist, TX, GO,
|
|
|
|
2,085,000
|
(PSF-GTD) 5.00%, 02/15/2048
|
2,212,521
|
|
|
5,755,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
6,063,644
|
|
|
320,000
|
Crandall Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2052
|
302,750
|
|
|
16,965,000
|
Crowley Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2054
|
16,541,277
|
|
|
5,030,000
|
Dallas Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
4,749,746
|
|
|
13,715,000
|
Denison Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/01/2053
|
12,958,161
|
|
|
20,635,000
|
Dickinson Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/15/2053
|
20,185,679
|
|
|
2,340,000
|
Donna Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/15/2053
|
2,256,763
|
|
|
14,920,000
|
Forney Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2053
|
14,095,170
|
|
|
2,480,000
|
Fort Worth Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2048
|
2,368,909
|
|
|
|
Georgetown Independent School Dist, TX,
GO,
|
|
|
|
4,460,000
|
(PSF-GTD) 2.50%, 08/15/2037
|
3,701,999
|
|
|
2,395,000
|
(PSF-GTD) 5.00%, 02/15/2054
|
2,550,127
|
|
|
1,075,000
|
Hitchcock Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2048
|
1,023,824
|
|
|
2,710,000
|
Houston Housing Finance Corp., TX, Rev
3.65%, 02/01/2048(2)
|
2,727,610
|
|
|
7,925,000
|
Humble Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
7,477,450
|
|
|
6,575,000
|
Hurst-Euless-Bedford Independent School
Dist, TX, GO, (PSF-GTD) 4.00%,
08/15/2050
|
6,245,061
|
|
|
7,180,000
|
Katy Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
6,779,955
|
|
|
3,445,000
|
Kaufman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2054
|
3,644,169
|
|
|
8,605,000
|
Lakeside Place PFC, TX, Rev, (FHA) 4.15%,
11/01/2026(2)
|
8,617,975
|
|
|
|
Lamar Consolidated Independent School Dist,
TX, GO,
|
|
|
|
1,900,000
|
(PSF-GTD) 3.00%, 02/15/2051
|
1,391,313
|
|
|
5,645,000
|
(PSF-GTD) 4.00%, 02/15/2048
|
5,392,499
|
|
|
7,020,000
|
Liberty Hill Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/01/2053
|
6,770,944
|
|
|
4,115,000
|
Lockhart Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 08/01/2053
|
3,971,576
|
|
|
13,715,000
|
Medina Valley Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 02/15/2053
|
12,950,848
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Texas - 33.2% - (continued)
|
||
|
$ 4,845,000
|
Mesquite Housing Finance Corp., TX, Rev
3.35%, 08/01/2029(2)
|
$4,860,633
|
|
|
9,515,000
|
Midland Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
8,933,989
|
|
|
|
Montgomery Independent School Dist, TX,
GO,
|
|
|
|
3,685,000
|
(PSF-GTD) 4.00%, 02/15/2053
|
3,473,984
|
|
|
3,485,000
|
(PSF-GTD) 4.25%, 02/15/2052
|
3,441,611
|
|
|
2,250,000
|
Navarro Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
2,122,935
|
|
|
|
New Caney Independent School Dist, TX, GO,
|
|
|
|
690,000
|
(PSF-GTD) 4.00%, 02/15/2054
|
651,033
|
|
|
12,650,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
13,364,423
|
|
|
400,000
|
Newark Higher Education Finance Corp., TX,
Rev, (PSF-GTD) 5.00%, 08/15/2052
|
416,094
|
|
|
10,000,000
|
North Texas Tollway Auth, TX, Rev 4.00%,
01/01/2044
|
9,656,501
|
|
|
7,460,000
|
Permanent University Fund - University of
Texas System, TX, Rev 4.13%, 07/01/2052
|
7,163,575
|
|
|
1,500,000
|
Pewitt Consolidated Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 02/15/2053
|
1,416,425
|
|
|
11,825,000
|
Prosper Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
11,093,223
|
|
|
2,990,000
|
Rockwall Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
2,823,408
|
|
|
7,275,000
|
Royal Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/15/2053
|
7,128,097
|
|
|
1,050,000
|
Sabine-Neches Navigation Dist, TX, GO
5.25%, 02/15/2052
|
1,100,317
|
|
|
|
San Antonio Housing Trust Public Facility
Corp., TX, Rev
|
|
|
|
315,000
|
5.00%, 09/01/2028(2)
|
327,834
|
|
|
470,000
|
(FNMA) 5.00%, 10/01/2028(2)
|
489,587
|
|
|
7,875,000
|
Sherman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2053
|
8,297,340
|
|
|
7,720,000
|
Strategic Housing Finance Corp. of Travis
County, TX, Rev 3.35%, 03/01/2046(2)
|
7,726,391
|
|
|
15,465,000
|
Tarrant County Hospital Dist, TX, GO 4.25%,
08/15/2053
|
15,039,801
|
|
|
3,765,000
|
Temple Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2047
|
3,760,062
|
|
|
2,590,000
|
Texas City Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2053
|
2,446,816
|
|
|
|
Texas Department of Housing & Community
Affairs, TX, Rev,
|
|
|
|
1,660,000
|
(GNMA) 3.00%, 01/01/2052
|
1,623,236
|
|
|
5,650,000
|
(HUD) 3.25%, 08/01/2028(2)
|
5,644,089
|
|
|
1,305,000
|
(GNMA) 3.50%, 03/01/2051
|
1,292,646
|
|
|
770,000
|
(GNMA) 4.00%, 03/01/2050
|
774,756
|
|
|
415,000
|
(GNMA) 4.75%, 03/01/2049
|
418,693
|
|
|
10,405,000
|
(GNMA) 5.75%, 01/01/2056(4)
|
11,452,175
|
|
|
1,245,000
|
Texas Municipal Gas Acquisition & Supply
Corp. III, TX, Rev 5.00%, 12/15/2028
|
1,298,168
|
|
|
22,620,000
|
Texas Municipal Gas Acquisition & Supply
Corp. IV, TX, Rev 5.50%, 01/01/2054(2)
|
24,022,680
|
|
|
9,265,000
|
Texas Municipal Gas Acquisition & Supply
Corp. V, TX, Rev 5.00%, 01/01/2055(2)
|
9,839,553
|
|
|
2,145,000
|
Texas State Affordable Housing Corp., TX,
Rev 3.63%, 01/01/2045(2)
|
2,156,096
|
|
|
2,370,000
|
Texas Water Dev Board, TX, Rev 4.80%,
10/15/2052
|
2,446,813
|
|
|
|
White Settlement Independent School Dist,
TX, GO,
|
|
|
|
4,985,000
|
(PSF-GTD) 4.00%, 08/15/2052
|
4,716,273
|
|
|
2,125,000
|
(PSF-GTD) 4.13%, 08/15/2052
|
2,052,898
|
|
|
|
|
|
418,466,743
|
|
|
48
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 86.7% - (continued)
|
|||
|
|
Virginia - 3.2%
|
||
|
$ 31,010,427
|
FHLMC Multifamily VRD Certificates, VA, Rev,
(FHLMC) 4.76%, 08/25/2041
|
$31,889,402
|
|
|
2,255,000
|
Hampton Roads Transportation Accountability
Commission, VA, Rev 4.00%, 07/01/2052
|
2,132,425
|
|
|
3,600,000
|
Harrisonburg Redev & Housing Auth, VA, Rev
3.57%, 10/01/2045(2)
|
3,617,136
|
|
|
3,040,000
|
Loudoun County Economic Dev Auth, VA, Rev
4.00%, 10/01/2052
|
2,965,532
|
|
|
|
|
|
40,604,495
|
|
|
Washington - 0.3%
|
||
|
2,380,000
|
King County Public Hospital Dist No. 2, WA,
GO 5.25%, 12/01/2045
|
2,541,666
|
|
|
|
Washington State Housing Finance
Commission, WA, Rev
|
|
|
|
935,000
|
4.00%, 12/01/2048
|
938,132
|
|
|
565,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
06/01/2050
|
568,020
|
|
|
|
|
|
4,047,818
|
|
|
Wisconsin - 0.6%
|
||
|
7,420,528
|
Public Finance Auth, WI, Rev, (FHLMC)
4.10%, 09/25/2039
|
7,231,485
|
|
|
|
Wyoming - 0.0%
|
||
|
400,000
|
Wyoming Community Dev Auth, WY, Rev
4.00%, 06/01/2043
|
401,253
|
|
|
|
Total Municipal Bonds
(cost $1,099,370,165)
|
|
$1,093,812,890
|
|
U.S. GOVERNMENT AGENCIES - 3.0%
|
|||
|
|
Mortgage-Backed Agencies - 3.0%
|
||
|
|
Federal Home Loan Mortgage Corp. - 1.4%
|
||
|
12,918,783
|
4.30%, 05/25/2041(2)
|
$12,424,647
|
|
|
4,773,959
|
4.70%, 04/25/2042(1)(2)
|
4,762,461
|
|
|
|
|
|
17,187,108
|
|
|
Federal National Mortgage Association - 1.6%
|
||
|
14,877,465
|
2.00%, 06/01/2051
|
11,663,912
|
|
|
9,226,484
|
6.00%, 09/01/2054
|
9,293,790
|
|
|
|
|
|
20,957,702
|
|
|
Total U.S. Government Agencies
(cost $39,498,689)
|
|
$38,144,810
|
|
U.S. GOVERNMENT SECURITIES - 5.3%
|
|||
|
|
U.S. Treasury Securities - 5.3%
|
||
|
|
U.S. Treasury Bonds - 5.3%
|
||
|
27,386,000
|
4.50%, 02/15/2044
|
$26,199,630
|
|
|
41,893,000
|
4.63%, 11/15/2044
|
40,668,939
|
|
|
|
Total U.S. Government Securities
(cost $67,062,061)
|
|
$66,868,569
|
|
|
Total Long-Term Investments
(cost $1,211,270,946)
|
|
$1,204,202,036
|
|
SHORT-TERM INVESTMENTS - 3.8%
|
|||
|
|
U.S. Treasury Securities - 3.8%
|
||
|
|
U.S. Treasury Bills - 3.8%
|
||
|
5,638,000
|
4.16%, 12/26/2025(5)
|
$5,434,698
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 3.8% - (continued)
|
|||
|
|
U.S. Treasury Securities - 3.8% - (continued)
|
||
|
|
U.S. Treasury Bills - 3.8% - (continued)
|
||
|
$ 1,779,000
|
4.17%, 10/02/2025(5)
|
$1,730,773
|
|
|
9,908,000
|
4.17%, 11/28/2025(5)
|
9,578,090
|
|
|
13,690,000
|
4.17%, 12/26/2025(5)
|
13,196,349
|
|
|
1,539,000
|
4.18%, 10/30/2025(5)
|
1,492,662
|
|
|
4,005,000
|
4.18%, 12/26/2025(5)
|
3,860,583
|
|
|
941,000
|
4.19%, 10/02/2025(5)
|
915,490
|
|
|
547,000
|
4.22%, 10/02/2025(5)
|
532,171
|
|
|
4,723,000
|
4.23%, 11/28/2025(5)
|
4,565,737
|
|
|
43,000
|
4.24%, 10/02/2025(5)
|
41,834
|
|
|
3,589,000
|
4.25%, 11/28/2025(5)
|
3,469,496
|
|
|
1,071,000
|
4.27%, 10/02/2025(5)
|
1,041,966
|
|
|
1,509,000
|
4.38%, 10/30/2025(5)
|
1,463,565
|
|
|
|
Total Short-Term Investments
(cost $47,312,457)
|
$47,323,414
|
|
|
|
Total Investments
(cost $1,258,583,403)
|
99.2
%
|
$1,251,525,450
|
|
|
Other Assets and Liabilities
|
0.8
%
|
10,216,564
|
|
|
Net Assets
|
100.0
%
|
$1,261,742,014
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At January 31, 2025, the aggregate value of these securities was
$5,676,544, representing 0.4% of net assets.
|
|
(2)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(3)
|
Security is a zero-coupon bond.
|
|
(4)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was
$14,786,125 at January 31, 2025.
|
|
(5)
|
The rate shown represents current yield to maturity.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
49
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Corporate Bonds
|
$914,083
|
$—
|
$914,083
|
$—
|
|
Foreign Government Obligations
|
4,461,684
|
—
|
4,461,684
|
—
|
|
Municipal Bonds
|
1,093,812,890
|
—
|
1,093,812,890
|
—
|
|
U.S. Government Agencies
|
38,144,810
|
—
|
38,144,810
|
—
|
|
U.S. Government Securities
|
66,868,569
|
—
|
66,868,569
|
—
|
|
Short-Term Investments
|
47,323,414
|
—
|
47,323,414
|
—
|
|
Total
|
$1,251,525,450
|
$—
|
$1,251,525,450
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
50
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.7%
|
|||
|
|
Banks - 2.8%
|
||
|
216,140
|
Commerce Bancshares, Inc.
|
$14,438,152
|
|
|
331,772
|
Fifth Third Bancorp
|
14,700,817
|
|
|
|
|
|
29,138,969
|
|
|
Capital Goods - 13.0%
|
||
|
106,792
|
Advanced Drainage Systems, Inc.
|
12,912,221
|
|
|
152,403
|
BWX Technologies, Inc.
|
17,210,871
|
|
|
75,763
|
Dover Corp.
|
15,431,408
|
|
|
307,359
|
Hexcel Corp.
|
20,039,807
|
|
|
74,970
|
IDEX Corp.
|
16,816,521
|
|
|
186,867
|
Masco Corp.
|
14,814,816
|
|
|
111,270
|
Regal Rexnord Corp.
|
17,661,887
|
|
|
31,663
|
Trane Technologies PLC
|
11,485,753
|
|
|
140,043
|
Trex Co., Inc.*
|
10,199,331
|
|
|
|
|
|
136,572,615
|
|
|
Commercial & Professional Services - 9.1%
|
||
|
320,923
|
ExlService Holdings, Inc.*
|
16,129,590
|
|
|
54,355
|
Leidos Holdings, Inc.
|
7,720,040
|
|
|
893,240
|
Rentokil Initial PLC ADR
|
22,375,662
|
|
|
217,563
|
Robert Half, Inc.
|
14,095,907
|
|
|
63,495
|
Verisk Analytics, Inc.
|
18,251,003
|
|
|
95,899
|
Waste Connections, Inc.
|
17,623,359
|
|
|
|
|
|
96,195,561
|
|
|
Consumer Discretionary Distribution & Retail - 1.4%
|
||
|
50,517
|
Burlington Stores, Inc.*
|
14,343,292
|
|
|
|
Consumer Durables & Apparel - 1.3%
|
||
|
56,549
|
Ralph Lauren Corp.
|
14,120,285
|
|
|
|
Consumer Services - 3.7%
|
||
|
613,487
|
Aramark
|
23,870,779
|
|
|
123,738
|
Churchill Downs, Inc.
|
15,291,542
|
|
|
|
|
|
39,162,321
|
|
|
Energy - 2.6%
|
||
|
483,527
|
Coterra Energy, Inc.
|
13,403,369
|
|
|
86,648
|
Diamondback Energy, Inc.
|
14,241,465
|
|
|
|
|
|
27,644,834
|
|
|
Equity Real Estate Investment Trusts (REITs) - 6.1%
|
||
|
114,433
|
Alexandria Real Estate Equities, Inc. REIT
|
11,140,053
|
|
|
395,960
|
American Homes 4 Rent Class A, REIT
|
13,712,095
|
|
|
513,787
|
Brixmor Property Group, Inc. REIT
|
13,389,289
|
|
|
254,003
|
Rexford Industrial Realty, Inc. REIT
|
10,327,762
|
|
|
257,248
|
Ventas, Inc. REIT
|
15,542,924
|
|
|
|
|
|
64,112,123
|
|
|
Financial Services - 3.9%
|
||
|
53,245
|
MarketAxess Holdings, Inc.
|
11,747,444
|
|
|
31,684
|
Morningstar, Inc.
|
10,412,630
|
|
|
114,384
|
Raymond James Financial, Inc.
|
19,271,416
|
|
|
|
|
|
41,431,490
|
|
|
Food, Beverage & Tobacco - 2.5%
|
||
|
72,578
|
Hershey Co.
|
10,832,267
|
|
|
200,763
|
McCormick & Co., Inc.
|
15,504,926
|
|
|
|
|
|
26,337,193
|
|
|
Health Care Equipment & Services - 6.5%
|
||
|
27,621
|
Chemed Corp.
|
15,523,002
|
|
|
186,246
|
Cooper Cos., Inc.*
|
17,982,052
|
|
|
144,963
|
Encompass Health Corp.
|
14,390,477
|
|
|
117,492
|
Masimo Corp.*
|
20,470,631
|
|
|
|
|
|
68,366,162
|
|
|
Insurance - 7.5%
|
||
|
87,187
|
Arthur J Gallagher & Co.
|
26,314,780
|
|
|
104,304
|
Assurant, Inc.
|
22,445,178
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.7% - (continued)
|
|||
|
|
Insurance - 7.5% - (continued)
|
||
|
65,081
|
Reinsurance Group of America, Inc.
|
$14,829,357
|
|
|
232,219
|
Ryan Specialty Holdings, Inc.
|
15,461,141
|
|
|
|
|
|
79,050,456
|
|
|
Materials - 4.3%
|
||
|
87,258
|
AptarGroup, Inc.
|
13,712,595
|
|
|
97,463
|
Avery Dennison Corp.
|
18,101,803
|
|
|
115,949
|
Westlake Corp.
|
13,249,492
|
|
|
|
|
|
45,063,890
|
|
|
Media & Entertainment - 3.3%
|
||
|
597,581
|
Match Group, Inc.
|
21,333,642
|
|
|
72,937
|
Take-Two Interactive Software, Inc.*
|
13,530,543
|
|
|
|
|
|
34,864,185
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 3.2%
|
||
|
255,349
|
Exact Sciences Corp.*
|
14,312,311
|
|
|
56,643
|
West Pharmaceutical Services, Inc.
|
19,346,417
|
|
|
|
|
|
33,658,728
|
|
|
Semiconductors & Semiconductor Equipment - 2.7%
|
||
|
135,935
|
Entegris, Inc.
|
13,802,840
|
|
|
133,865
|
Marvell Technology, Inc.
|
15,108,004
|
|
|
|
|
|
28,910,844
|
|
|
Software & Services - 10.3%
|
||
|
191,873
|
Amdocs Ltd.
|
16,921,280
|
|
|
26,807
|
AppLovin Corp. Class A*
|
9,907,599
|
|
|
269,505
|
Dolby Laboratories, Inc. Class A
|
22,565,654
|
|
|
58,272
|
EPAM Systems, Inc.*
|
14,798,757
|
|
|
79,405
|
PTC, Inc.*
|
15,363,279
|
|
|
70,519
|
Twilio, Inc. Class A*
|
10,336,675
|
|
|
87,005
|
VeriSign, Inc.*
|
18,706,075
|
|
|
|
|
|
108,599,319
|
|
|
Technology Hardware & Equipment - 7.9%
|
||
|
223,999
|
Ciena Corp.*
|
19,519,273
|
|
|
127,547
|
Coherent Corp.*
|
11,541,728
|
|
|
207,412
|
Pure Storage, Inc. Class A*
|
14,060,459
|
|
|
38,620
|
Teledyne Technologies, Inc.*
|
19,747,565
|
|
|
46,269
|
Zebra Technologies Corp. Class A*
|
18,134,672
|
|
|
|
|
|
83,003,697
|
|
|
Utilities - 3.6%
|
||
|
199,900
|
Alliant Energy Corp.
|
11,770,112
|
|
|
140,807
|
Ameren Corp.
|
13,264,019
|
|
|
189,164
|
CMS Energy Corp.
|
12,484,824
|
|
|
|
|
|
37,518,955
|
|
|
Total Common Stocks
(cost $728,266,359)
|
|
$1,008,094,919
|
|
|
Total Investments
(cost $728,266,359)
|
95.7
%
|
$1,008,094,919
|
|
|
Other Assets and Liabilities
|
4.3
%
|
45,525,424
|
|
|
Net Assets
|
100.0
%
|
$1,053,620,343
|
|
|
51
|
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$1,008,094,919
|
$1,008,094,919
|
$—
|
$—
|
|
Total
|
$1,008,094,919
|
$1,008,094,919
|
$—
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
52
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.4%
|
|||
|
|
Automobiles & Components - 1.3%
|
||
|
39,783
|
Fox Factory Holding Corp.*
|
$1,086,872
|
|
|
18,346
|
Patrick Industries, Inc.
|
1,782,130
|
|
|
|
|
|
2,869,002
|
|
|
Banks - 8.7%
|
||
|
100,904
|
First BanCorp
|
2,094,767
|
|
|
60,138
|
First Merchants Corp.
|
2,672,533
|
|
|
70,376
|
Pacific Premier Bancorp, Inc.
|
1,822,738
|
|
|
24,528
|
QCR Holdings, Inc.
|
1,907,297
|
|
|
96,959
|
Seacoast Banking Corp. of Florida
|
2,758,484
|
|
|
25,972
|
SouthState Corp.
|
2,742,384
|
|
|
44,290
|
TriCo Bancshares
|
1,943,002
|
|
|
66,669
|
United Community Banks, Inc.
|
2,211,411
|
|
|
66,083
|
Veritex Holdings, Inc.
|
1,771,024
|
|
|
|
|
|
19,923,640
|
|
|
Capital Goods - 14.8%
|
||
|
26,221
|
Albany International Corp. Class A
|
2,117,346
|
|
|
17,884
|
Enpro, Inc.
|
3,321,059
|
|
|
28,981
|
ESCO Technologies, Inc.
|
3,846,938
|
|
|
184,158
|
Hayward Holdings, Inc.*
|
2,773,420
|
|
|
30,934
|
Helios Technologies, Inc.
|
1,379,966
|
|
|
58,527
|
Hexcel Corp.
|
3,815,960
|
|
|
288,911
|
Janus International Group, Inc.*
|
2,395,072
|
|
|
86,357
|
Kornit Digital Ltd.*
|
2,507,807
|
|
|
28,257
|
McGrath RentCorp
|
3,466,286
|
|
|
37,170
|
Primoris Services Corp.
|
2,853,541
|
|
|
18,145
|
Simpson Manufacturing Co., Inc.
|
3,048,360
|
|
|
44,070
|
V2X, Inc.*
|
2,297,369
|
|
|
|
|
|
33,823,124
|
|
|
Commercial & Professional Services - 5.1%
|
||
|
35,727
|
Interface, Inc.
|
884,600
|
|
|
16,724
|
Science Applications International Corp.
|
1,810,875
|
|
|
44,029
|
UL Solutions, Inc. Class A
|
2,373,603
|
|
|
101,184
|
Verra Mobility Corp.*
|
2,670,246
|
|
|
64,504
|
WNS Holdings Ltd.*
|
3,950,870
|
|
|
|
|
|
11,690,194
|
|
|
Consumer Discretionary Distribution & Retail - 1.8%
|
||
|
8,783
|
Group 1 Automotive, Inc.
|
4,009,352
|
|
|
|
Consumer Durables & Apparel - 5.1%
|
||
|
7,318
|
Cavco Industries, Inc.*
|
3,722,228
|
|
|
33,932
|
Malibu Boats, Inc. Class A*
|
1,299,256
|
|
|
25,070
|
Oxford Industries, Inc.
|
2,102,370
|
|
|
25,535
|
PVH Corp.
|
2,287,936
|
|
|
164,900
|
Sonos, Inc.*
|
2,273,971
|
|
|
|
|
|
11,685,761
|
|
|
Consumer Staples Distribution & Retail - 1.2%
|
||
|
52,430
|
Chefs' Warehouse, Inc.*
|
2,823,880
|
|
|
|
Energy - 3.5%
|
||
|
29,967
|
Cactus, Inc. Class A
|
1,789,330
|
|
|
53,375
|
Flowco Holdings, Inc. Class A*
|
1,494,500
|
|
|
36,046
|
Matador Resources Co.
|
2,090,668
|
|
|
171,413
|
Permian Resources Corp.
|
2,511,200
|
|
|
|
|
|
7,885,698
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.4%
|
||
|
146,100
|
Douglas Emmett, Inc. REIT
|
2,682,396
|
|
|
43,542
|
Terreno Realty Corp. REIT
|
2,848,518
|
|
|
|
|
|
5,530,914
|
|
|
Financial Services - 6.3%
|
||
|
149,617
|
Compass Diversified Holdings
|
3,179,361
|
|
|
35,030
|
Encore Capital Group, Inc.*
|
1,733,985
|
|
|
18,813
|
Houlihan Lokey, Inc.
|
3,418,698
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.4% - (continued)
|
|||
|
|
Financial Services - 6.3% - (continued)
|
||
|
139,776
|
P10, Inc. Class A
|
$1,909,340
|
|
|
158,179
|
Perella Weinberg Partners
|
4,084,182
|
|
|
|
|
|
14,325,566
|
|
|
Food, Beverage & Tobacco - 2.0%
|
||
|
69,780
|
Darling Ingredients, Inc.*
|
2,613,959
|
|
|
59,267
|
Primo Brands Corp.
|
1,918,473
|
|
|
|
|
|
4,532,432
|
|
|
Health Care Equipment & Services - 8.3%
|
||
|
21,408
|
Castle Biosciences, Inc.*
|
605,204
|
|
|
42,310
|
Haemonetics Corp.*
|
2,921,506
|
|
|
31,406
|
ICU Medical, Inc.*
|
5,161,890
|
|
|
15,697
|
iRhythm Technologies, Inc.*
|
1,708,619
|
|
|
186,430
|
NeoGenomics, Inc.*
|
2,665,949
|
|
|
89,570
|
Phreesia, Inc.*
|
2,549,162
|
|
|
37,537
|
U.S. Physical Therapy, Inc.
|
3,329,907
|
|
|
|
|
|
18,942,237
|
|
|
Insurance - 5.5%
|
||
|
29,844
|
Axis Capital Holdings Ltd.
|
2,716,401
|
|
|
64,028
|
Bowhead Specialty Holdings, Inc.*
|
2,070,025
|
|
|
77,223
|
Kemper Corp.
|
5,187,841
|
|
|
11,278
|
Reinsurance Group of America, Inc.
|
2,569,805
|
|
|
|
|
|
12,544,072
|
|
|
Materials - 5.5%
|
||
|
18,381
|
Balchem Corp.
|
2,940,225
|
|
|
102,714
|
Element Solutions, Inc.
|
2,651,048
|
|
|
98,759
|
Graphic Packaging Holding Co.
|
2,708,959
|
|
|
25,013
|
Materion Corp.
|
2,526,313
|
|
|
125,370
|
Orion SA
|
1,748,912
|
|
|
|
|
|
12,575,457
|
|
|
Media & Entertainment - 2.1%
|
||
|
74,249
|
Criteo SA ADR*
|
2,820,719
|
|
|
302,492
|
Stagwell, Inc.*
|
1,887,550
|
|
|
|
|
|
4,708,269
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 4.4%
|
||
|
73,543
|
Azenta, Inc.*
|
3,974,999
|
|
|
165,700
|
Evolus, Inc.*
|
2,314,829
|
|
|
17,754
|
Intra-Cellular Therapies, Inc.*
|
2,256,178
|
|
|
8,445
|
Natera, Inc.*
|
1,494,090
|
|
|
|
|
|
10,040,096
|
|
|
Semiconductors & Semiconductor Equipment - 2.3%
|
||
|
24,714
|
MACOM Technology Solutions Holdings, Inc.*
|
3,268,427
|
|
|
30,291
|
Semtech Corp.*
|
2,028,285
|
|
|
|
|
|
5,296,712
|
|
|
Software & Services - 5.6%
|
||
|
26,988
|
ASGN, Inc.*
|
2,380,611
|
|
|
125,994
|
Box, Inc. Class A*
|
4,206,940
|
|
|
10,009
|
Commvault Systems, Inc.*
|
1,594,033
|
|
|
136,435
|
LiveRamp Holdings, Inc.*
|
4,638,790
|
|
|
|
|
|
12,820,374
|
|
|
Technology Hardware & Equipment - 7.2%
|
||
|
37,217
|
Ciena Corp.*
|
3,243,089
|
|
|
49,612
|
Lumentum Holdings, Inc.*
|
4,219,997
|
|
|
143,236
|
Mirion Technologies, Inc.*
|
2,268,858
|
|
|
16,373
|
Rogers Corp.*
|
1,523,508
|
|
|
440,174
|
Viavi Solutions, Inc.*
|
5,299,695
|
|
|
|
|
|
16,555,147
|
|
|
Telecommunication Services - 1.5%
|
||
|
120,840
|
Iridium Communications, Inc.
|
3,474,150
|
|
|
|
Utilities - 2.8%
|
||
|
19,883
|
Chesapeake Utilities Corp.
|
2,430,697
|
|
|
|
53
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.4% - (continued)
|
|||
|
|
Utilities - 2.8% - (continued)
|
||
|
30,021
|
ONE Gas, Inc.
|
$2,120,683
|
|
|
38,337
|
SJW Group
|
1,925,668
|
|
|
|
|
|
6,477,048
|
|
|
Total Common Stocks
(cost $149,923,075)
|
|
$222,533,125
|
|
|
Total Investments
(cost $149,923,075)
|
97.4
%
|
$222,533,125
|
|
|
Other Assets and Liabilities
|
2.6
%
|
5,875,178
|
|
|
Net Assets
|
100.0
%
|
$228,408,303
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$222,533,125
|
$222,533,125
|
$—
|
$—
|
|
Total
|
$222,533,125
|
$222,533,125
|
$—
|
$—
|
|
(1)
|
For the period ended January 31, 2025, there were no transfers in and out of Level
3.
|
|
|
54
|
|
|
Counterparty Abbreviations:
|
|
|
BCLY
|
Barclays
|
|
BOA
|
Bank of America Securities LLC
|
|
CBK
|
Citibank NA
|
|
GSC
|
Goldman Sachs & Co.
|
|
HSBC
|
Hongkong and Shanghai Banking Corporation
|
|
JPM
|
JP Morgan Chase & Co.
|
|
MSC
|
Morgan Stanley
|
|
SSG
|
State Street Global Markets LLC
|
|
UBS
|
UBS AG
|
|
Currency Abbreviations:
|
|
|
AUD
|
Australia Dollar
|
|
BRL
|
Brazil Real
|
|
CAD
|
Canadian Dollar
|
|
CHF
|
Switzerland Franc
|
|
CLP
|
Chile Peso
|
|
COP
|
Colombia Peso
|
|
CZK
|
Czech Republic Koruna
|
|
DKK
|
Denmark Krone
|
|
EGP
|
Egypt Pound
|
|
EUR
|
Euro Member Countries
|
|
GBP
|
British Pound
|
|
HKD
|
Hong Kong Dollar
|
|
HUF
|
Hungary Forint
|
|
IDR
|
Indonesia Rupiah
|
|
JPY
|
Japan Yen
|
|
MXN
|
Mexican Peso
|
|
MYR
|
Malaysia Ringgit
|
|
NZD
|
New Zealand Dollar
|
|
PEN
|
Peru Nuevo Sol
|
|
PLN
|
Poland Zloty
|
|
PYG
|
Paraguay Guarani
|
|
RON
|
Romania New Leu
|
|
SEK
|
Sweden Krona
|
|
THB
|
Thailand Baht
|
|
TRY
|
Turkish Currency
|
|
USD
|
United States Dollar
|
|
ZAR
|
South Africa Rand
|
|
Index Abbreviations:
|
|
|
CAC
|
Cotation Assistee en Continu
|
|
CDX.NA.IG
|
Credit Derivatives North American Investment Grade
|
|
CMT
|
Constant Maturity Treasury Index
|
|
iBoxx
|
Markit iBoxx Indices - Euro, Sterling, Asian, US Dollar and
European High-Yield Bond Markets
|
|
S&P
|
Standard & Poor's
|
|
Municipal Abbreviations:
|
|
|
Auth
|
Authority
|
|
Dev
|
Development
|
|
Dist
|
District
|
|
Facs
|
Facilities
|
|
GO
|
General Obligation
|
|
Redev
|
Redevelopment
|
|
Rev
|
Revenue
|
|
Other Abbreviations:
|
|
|
ADR
|
American Depositary Receipt
|
|
AGM
|
Assured Guaranty Municipal Corp.
|
|
ASA
|
Allmennaksjeselskap
|
|
BAM
|
Build America Mutual Assurance Co.
|
|
Bhd
|
Berhad
|
|
CDI
|
Chess Depositary Interest
|
|
CLO
|
Collateralized Loan Obligation
|
|
CMO
|
Collateralized Mortgage Obligation
|
|
ETF
|
Exchange-Traded Fund
|
|
FHA
|
Federal Housing Administration
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GDR
|
Global Depositary Receipt
|
|
GNMA
|
Government National Mortgage Association
|
|
HUD
|
Housing and Urban Development
|
|
JSC
|
Joint Stock Company
|
|
KGaA
|
Kommanditgesellschaft Auf Aktien
|
|
NPFG
|
National Public Finance Guarantee Corp.
|
|
NVDR
|
Non-Voting Depositary Receipt
|
|
Nyrt
|
New York REIT Inc
|
|
PJSC
|
Private Joint Stock Company
|
|
PSF-GTD
|
Permanent School Fund
|
|
PT
|
Perseroan Terbatas
|
|
Q-SBLF
|
Qualified School Bond Loan Fund
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
SPDR
|
Standard & Poor's Depositary Receipt
|
|
ST AID
WITHHLDG
|
State Aid Withholding
|
|
Tbk
|
Terbuka
|
|
|
55
|
|