|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.6%
|
|||
|
|
Automobiles & Components - 0.5%
|
||
|
108,103
|
Tesla, Inc.*
|
$33,324,912
|
|
|
|
Capital Goods - 3.0%
|
||
|
168,522
|
GE Vernova, Inc.
|
111,273,392
|
|
|
324,383
|
RTX Corp.
|
51,113,029
|
|
|
230,900
|
Vertiv Holdings Co. Class A
|
33,619,040
|
|
|
|
|
|
196,005,461
|
|
|
Consumer Discretionary Distribution & Retail - 10.0%
|
||
|
2,028,151
|
Amazon.com, Inc.*
|
474,810,431
|
|
|
1,047,600
|
Chewy, Inc. Class A*
|
38,446,920
|
|
|
222,682
|
Dick's Sporting Goods, Inc.
|
47,099,470
|
|
|
127,314
|
Home Depot, Inc.
|
46,789,168
|
|
|
287,680
|
Ollie's Bargain Outlet Holdings, Inc.*
|
39,305,718
|
|
|
171,581
|
Tory Burch LLC*(1)(2)
|
9,932,822
|
|
|
|
|
|
656,384,529
|
|
|
Consumer Durables & Apparel - 0.8%
|
||
|
1,034,941
|
On Holding AG Class A*
|
50,267,084
|
|
|
|
Consumer Services - 2.5%
|
||
|
2,593,540
|
DraftKings, Inc. Class A*
|
116,813,041
|
|
|
178,884
|
Marriott International, Inc. Class A
|
47,194,966
|
|
|
|
|
|
164,008,007
|
|
|
Energy - 1.1%
|
||
|
273,764
|
Cameco Corp.
|
20,513,136
|
|
|
301,453
|
Targa Resources Corp.
|
50,164,794
|
|
|
|
|
|
70,677,930
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.2%
|
||
|
253,921
|
American Tower Corp. REIT
|
52,914,597
|
|
|
142,195
|
AvalonBay Communities, Inc. REIT
|
26,488,085
|
|
|
|
|
|
79,402,682
|
|
|
Financial Services - 6.7%
|
||
|
220,005
|
Evercore, Inc. Class A
|
66,252,306
|
|
|
1,511,051
|
Interactive Brokers Group, Inc. Class A
|
99,064,504
|
|
|
1,060,547
|
KKR & Co., Inc.
|
155,454,979
|
|
|
867,811
|
Tradeweb Markets, Inc. Class A
|
120,235,214
|
|
|
|
|
|
441,007,003
|
|
|
Health Care Equipment & Services - 1.9%
|
||
|
820,271
|
Boston Scientific Corp.*
|
86,062,833
|
|
|
76,811
|
Intuitive Surgical, Inc.*
|
36,953,004
|
|
|
|
|
|
123,015,837
|
|
|
Household & Personal Products - 0.5%
|
||
|
636,876
|
BellRing Brands, Inc.*
|
34,760,692
|
|
|
|
Media & Entertainment - 17.8%
|
||
|
1,642,918
|
Alphabet, Inc. Class A
|
315,275,964
|
|
|
1,371,905
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
137,670,667
|
|
|
534,805
|
Live Nation Entertainment, Inc.*
|
78,990,698
|
|
|
368,291
|
Meta Platforms, Inc. Class A
|
284,850,991
|
|
|
192,248
|
Netflix, Inc.*
|
222,892,331
|
|
|
195,505
|
Spotify Technology SA*
|
122,491,703
|
|
|
|
|
|
1,162,172,354
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 7.0%
|
||
|
296,217
|
Eli Lilly & Co.
|
219,221,315
|
|
|
1,323,735
|
Exact Sciences Corp.*
|
62,149,359
|
|
|
410,331
|
Gilead Sciences, Inc.
|
46,076,068
|
|
|
599,094
|
Natera, Inc.*
|
80,074,904
|
|
|
115,284
|
Vertex Pharmaceuticals, Inc.*
|
52,669,801
|
|
|
|
|
|
460,191,447
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.6% - (continued)
|
|||
|
|
Real Estate Management & Development - 0.9%
|
||
|
749,341
|
Zillow Group, Inc. Class C*
|
$59,610,077
|
|
|
|
Semiconductors & Semiconductor Equipment - 20.9%
|
||
|
365,285
|
ARM Holdings PLC ADR*(3)
|
51,642,167
|
|
|
1,055,872
|
Broadcom, Inc.
|
310,109,606
|
|
|
5,649,496
|
NVIDIA Corp.
|
1,004,875,854
|
|
|
|
|
|
1,366,627,627
|
|
|
Software & Services - 12.7%
|
||
|
95,817
|
AppLovin Corp. Class A*
|
37,435,702
|
|
|
723,456
|
Docusign, Inc.*
|
54,722,212
|
|
|
17,300
|
Figma, Inc. Class A*
|
1,998,150
|
|
|
4,062
|
GoDaddy, Inc. Class A*
|
656,338
|
|
|
77,277
|
HubSpot, Inc.*
|
40,156,993
|
|
|
603,402
|
Microsoft Corp.
|
321,914,967
|
|
|
638,447
|
Oracle Corp.
|
162,018,695
|
|
|
379,154
|
Palantir Technologies, Inc. Class A*
|
60,039,036
|
|
|
20,599
|
Rubicon Earnout Shares*(1)(2)
|
0
(4)
|
|
|
2,197,165
|
Rubicon TRA Placeholder(1)(2)
|
142,816
|
|
|
103,579
|
ServiceNow, Inc.*
|
97,687,427
|
|
|
446,521
|
Shopify, Inc. Class A*
|
54,569,331
|
|
|
|
|
|
831,341,667
|
|
|
Technology Hardware & Equipment - 10.0%
|
||
|
1,346,107
|
Apple, Inc.
|
279,411,430
|
|
|
1,499,899
|
Arista Networks, Inc.*
|
184,817,555
|
|
|
321,043
|
Celestica, Inc.*
|
64,163,654
|
|
|
1,539,281
|
Flex Ltd.*
|
76,763,943
|
|
|
602,399
|
Trimble, Inc.*
|
50,535,252
|
|
|
|
|
|
655,691,834
|
|
|
Telecommunication Services - 0.9%
|
||
|
242,899
|
T-Mobile U.S., Inc.
|
57,909,551
|
|
|
|
Transportation - 0.6%
|
||
|
429,306
|
Uber Technologies, Inc.*
|
37,671,601
|
|
|
|
Utilities - 0.6%
|
||
|
640,543
|
Dominion Energy, Inc.
|
37,439,738
|
|
|
|
Total Common Stocks
(cost $4,159,440,880)
|
|
$6,517,510,033
|
|
CONVERTIBLE PREFERRED STOCKS - 0.2%
|
|||
|
|
Health Care Equipment & Services - 0.1%
|
||
|
5,668,755
|
Lumeris Group Holdings Corp.*(1)(2)(5)
|
$5,158,567
|
|
|
|
Software & Services - 0.1%
|
||
|
743,470
|
Lookout, Inc. Series F*(1)(2)(5)
|
4,051,912
|
|
|
|
Total Convertible Preferred Stocks
(cost $17,456,734)
|
|
$9,210,479
|
|
|
Total Long-Term Investments
(cost $4,176,897,614)
|
|
$6,526,720,512
|
|
SHORT-TERM INVESTMENTS - 0.4%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 8,520,148
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 07/31/2025 at 4.36%,
due on 08/01/2025 with a maturity value
of $8,521,180; collateralized by
U.S. Treasury Inflation-Indexed Note at
1.63%, maturing 10/15/2027, with a
market value of $8,690,652
|
$8,520,148
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.4% - (continued)
|
|||
|
|
Securities Lending Collateral - 0.3%
|
||
|
18,636,379
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
4.26%(6)
|
$18,636,379
|
|
|
|
Total Short-Term Investments
(cost $27,156,527)
|
$27,156,527
|
|
|
|
Total Investments
(cost $4,204,054,141)
|
100.2
%
|
$6,553,877,039
|
|
|
Other Assets and Liabilities
|
(0.2
)%
|
(12,039,856
)
|
|
|
Net Assets
|
100.0
%
|
$6,541,837,183
|
|
*
|
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 $19,286,117 or 0.3% 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
|
$4,051,912
|
|
05/2014
|
Lumeris Group
Holdings Corp.
Convertible
Preferred
|
5,668,755
|
8,964,002
|
5,158,567
|
|
09/2015
|
Rubicon Earnout
Shares
|
20,599
|
—
|
—
|
|
09/2015
|
Rubicon TRA
Placeholder
|
2,197,165
|
—
|
142,816
|
|
11/2013
|
Tory Burch LLC
|
171,581
|
13,447,917
|
9,932,822
|
|
|
|
|
$30,904,651
|
$19,286,117
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Represents entire or partial securities on loan.
|
|
(4)
|
Market value is less than $1.
|
|
(5)
|
Currently no rate available.
|
|
(6)
|
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
|
$6,517,510,033
|
$6,507,434,395
|
$—
|
$10,075,638
|
|
Convertible Preferred Stocks
|
9,210,479
|
—
|
—
|
9,210,479
|
|
Short-Term Investments
|
27,156,527
|
18,636,379
|
8,520,148
|
—
|
|
Total
|
$6,553,877,039
|
$6,526,070,774
|
$8,520,148
|
$19,286,117
|
|
(1)
|
For the period ended July 31, 2025, there were no transfers in and out of Level 3.
|
|
|
2
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4%
|
|||
|
|
Automobiles & Components - 2.9%
|
||
|
20,939
|
Dorman Products, Inc.*
|
$2,525,662
|
|
|
27,515
|
Modine Manufacturing Co.*
|
3,702,419
|
|
|
20,287
|
Patrick Industries, Inc.
|
1,972,708
|
|
|
|
|
|
8,200,789
|
|
|
Banks - 0.9%
|
||
|
54,562
|
Synovus Financial Corp.
|
2,577,509
|
|
|
|
Capital Goods - 16.4%
|
||
|
13,320
|
AAON, Inc.
|
1,112,220
|
|
|
13,303
|
AeroVironment, Inc.*
|
3,560,415
|
|
|
125,943
|
Archer Aviation, Inc. Class A*
|
1,263,208
|
|
|
30,808
|
ATI, Inc.*
|
2,370,368
|
|
|
55,939
|
Atmus Filtration Technologies, Inc.
|
2,176,586
|
|
|
19,978
|
AZZ, Inc.
|
2,187,591
|
|
|
26,862
|
Bloom Energy Corp. Class A*
|
1,004,370
|
|
|
16,021
|
Boise Cascade Co.
|
1,342,720
|
|
|
18,184
|
Chart Industries, Inc.*
|
3,615,525
|
|
|
49,873
|
Fluor Corp.*
|
2,831,290
|
|
|
23,399
|
FTAI Aviation Ltd.
|
3,219,936
|
|
|
253,552
|
Hillman Solutions Corp.*
|
2,000,525
|
|
|
9,042
|
ITT, Inc.
|
1,536,778
|
|
|
18,025
|
Moog, Inc. Class A
|
3,489,280
|
|
|
9,417
|
MYR Group, Inc.*
|
1,822,190
|
|
|
41,877
|
NEXTracker, Inc. Class A*
|
2,439,754
|
|
|
27,583
|
Primoris Services Corp.
|
2,597,491
|
|
|
31,432
|
Rush Enterprises, Inc. Class A
|
1,701,728
|
|
|
23,791
|
SPX Technologies, Inc.*
|
4,339,241
|
|
|
13,032
|
WESCO International, Inc.
|
2,697,103
|
|
|
|
|
|
47,308,319
|
|
|
Commercial & Professional Services - 7.1%
|
||
|
75,974
|
ACV Auctions, Inc. Class A*
|
1,079,591
|
|
|
3,858
|
CACI International, Inc. Class A*
|
1,776,879
|
|
|
22,739
|
Casella Waste Systems, Inc. Class A*
|
2,472,411
|
|
|
39,854
|
CBIZ, Inc.*
|
2,435,876
|
|
|
11,856
|
Clean Harbors, Inc.*
|
2,795,763
|
|
|
39,890
|
ExlService Holdings, Inc.*
|
1,732,423
|
|
|
10,291
|
Huron Consulting Group, Inc.*
|
1,359,235
|
|
|
29,802
|
Innodata, Inc.*(1)
|
1,636,130
|
|
|
20,873
|
Korn Ferry
|
1,479,270
|
|
|
147,802
|
Verra Mobility Corp.*
|
3,733,479
|
|
|
|
|
|
20,501,057
|
|
|
Consumer Discretionary Distribution & Retail - 2.0%
|
||
|
12,694
|
Boot Barn Holdings, Inc.*
|
2,182,098
|
|
|
10,692
|
Ollie's Bargain Outlet Holdings, Inc.*
|
1,460,848
|
|
|
7,242
|
Pool Corp.
|
2,231,550
|
|
|
|
|
|
5,874,496
|
|
|
Consumer Durables & Apparel - 2.5%
|
||
|
10,933
|
Installed Building Products, Inc.
|
2,211,637
|
|
|
39,490
|
Kontoor Brands, Inc.
|
2,198,013
|
|
|
42,654
|
Smith Douglas Homes Corp.*(1)
|
803,601
|
|
|
54,721
|
YETI Holdings, Inc.*
|
2,010,450
|
|
|
|
|
|
7,223,701
|
|
|
Consumer Services - 4.4%
|
||
|
132,910
|
Genius Sports Ltd.*
|
1,495,237
|
|
|
10,915
|
Hyatt Hotels Corp. Class A
|
1,538,687
|
|
|
71,129
|
Life Time Group Holdings, Inc.*
|
2,042,825
|
|
|
141,993
|
Super Group SGHC Ltd.
|
1,526,425
|
|
|
87,912
|
Sweetgreen, Inc. Class A*
|
1,132,307
|
|
|
52,717
|
Universal Technical Institute, Inc.*
|
1,698,542
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Consumer Services - 4.4% - (continued)
|
||
|
4,799
|
Wingstop, Inc.
|
$1,810,855
|
|
|
14,979
|
Wyndham Hotels & Resorts, Inc.
|
1,288,194
|
|
|
|
|
|
12,533,072
|
|
|
Consumer Staples Distribution & Retail - 0.8%
|
||
|
33,425
|
Chefs' Warehouse, Inc.*
|
2,291,618
|
|
|
|
Energy - 2.1%
|
||
|
35,153
|
Cactus, Inc. Class A
|
1,487,323
|
|
|
10,428
|
Gulfport Energy Corp.*
|
1,815,828
|
|
|
28,404
|
Kodiak Gas Services, Inc.
|
918,301
|
|
|
37,143
|
Matador Resources Co.
|
1,852,693
|
|
|
|
|
|
6,074,145
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
||
|
69,908
|
CareTrust, Inc. REIT
|
2,223,074
|
|
|
109,261
|
Independence Realty Trust, Inc. REIT
|
1,832,307
|
|
|
|
|
|
4,055,381
|
|
|
Financial Services - 8.0%
|
||
|
6,728
|
Dave, Inc.*
|
1,586,462
|
|
|
7,398
|
Evercore, Inc. Class A
|
2,227,834
|
|
|
26,028
|
FirstCash Holdings, Inc.
|
3,469,272
|
|
|
16,233
|
Hamilton Lane, Inc. Class A
|
2,472,286
|
|
|
39,999
|
Marex Group PLC
|
1,543,161
|
|
|
10,807
|
Mr. Cooper Group, Inc.*
|
1,682,866
|
|
|
93,178
|
Perella Weinberg Partners
|
1,857,969
|
|
|
103,439
|
Remitly Global, Inc.*
|
1,706,744
|
|
|
6,786
|
Sezzle, Inc.*
|
1,050,744
|
|
|
35,959
|
StepStone Group, Inc. Class A
|
2,134,526
|
|
|
30,137
|
Stifel Financial Corp.
|
3,439,235
|
|
|
|
|
|
23,171,099
|
|
|
Food, Beverage & Tobacco - 1.2%
|
||
|
19,597
|
Freshpet, Inc.*
|
1,338,867
|
|
|
26,403
|
Turning Point Brands, Inc.
|
2,189,865
|
|
|
|
|
|
3,528,732
|
|
|
Health Care Equipment & Services - 9.2%
|
||
|
54,960
|
Acadia Healthcare Co., Inc.*
|
1,196,479
|
|
|
50,839
|
AtriCure, Inc.*
|
1,784,449
|
|
|
30,275
|
Ensign Group, Inc.
|
4,541,250
|
|
|
14,239
|
GeneDx Holdings Corp.*
|
1,451,666
|
|
|
20,843
|
Glaukos Corp.*
|
1,794,374
|
|
|
20,824
|
Guardant Health, Inc.*
|
853,368
|
|
|
35,454
|
HealthEquity, Inc.*
|
3,439,038
|
|
|
28,186
|
Hims & Hers Health, Inc.*
|
1,865,349
|
|
|
16,582
|
iRhythm Technologies, Inc.*
|
2,324,465
|
|
|
29,500
|
Lantheus Holdings, Inc.*
|
2,100,105
|
|
|
27,225
|
Merit Medical Systems, Inc.*
|
2,310,313
|
|
|
39,027
|
RadNet, Inc.*
|
2,135,948
|
|
|
7,049
|
TransMedics Group, Inc.*
|
838,620
|
|
|
|
|
|
26,635,424
|
|
|
Household & Personal Products - 2.2%
|
||
|
27,075
|
BellRing Brands, Inc.*
|
1,477,753
|
|
|
21,233
|
Interparfums, Inc.
|
2,560,700
|
|
|
10,747
|
WD-40 Co.
|
2,304,157
|
|
|
|
|
|
6,342,610
|
|
|
Insurance - 1.1%
|
||
|
48,695
|
SiriusPoint Ltd.*
|
954,909
|
|
|
1,153
|
White Mountains Insurance Group Ltd.
|
2,061,333
|
|
|
|
|
|
3,016,242
|
|
|
Materials - 3.6%
|
||
|
69,288
|
Axalta Coating Systems Ltd.*
|
1,962,236
|
|
|
36,217
|
Cabot Corp.
|
2,614,143
|
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Materials - 3.6% - (continued)
|
||
|
7,459
|
Carpenter Technology Corp.
|
$1,860,200
|
|
|
19,492
|
Commercial Metals Co.
|
1,010,855
|
|
|
38,522
|
FMC Corp.
|
1,503,899
|
|
|
57,162
|
James Hardie Industries PLC ADR*
|
1,482,783
|
|
|
|
|
|
10,434,116
|
|
|
Media & Entertainment - 1.5%
|
||
|
45,788
|
Atlanta Braves Holdings, Inc. Class C*
|
2,040,313
|
|
|
64,774
|
Cargurus, Inc.*
|
2,125,883
|
|
|
|
|
|
4,166,196
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 10.6%
|
||
|
15,033
|
Agios Pharmaceuticals, Inc.*
|
559,528
|
|
|
25,701
|
Akero Therapeutics, Inc.*
|
1,255,494
|
|
|
149,140
|
Amicus Therapeutics, Inc.*
|
893,349
|
|
|
17,408
|
Apogee Therapeutics, Inc.*
|
666,030
|
|
|
52,206
|
Avidity Biosciences, Inc.*
|
1,916,482
|
|
|
17,404
|
Axsome Therapeutics, Inc.*
|
1,764,417
|
|
|
42,460
|
Celldex Therapeutics, Inc.*
|
933,271
|
|
|
34,940
|
CG oncology, Inc.*
|
932,549
|
|
|
42,862
|
Crinetics Pharmaceuticals, Inc.*
|
1,225,425
|
|
|
24,508
|
Cytokinetics, Inc.*
|
922,481
|
|
|
18,253
|
Disc Medicine, Inc.*
|
1,090,799
|
|
|
18,448
|
Ionis Pharmaceuticals, Inc.*
|
792,895
|
|
|
25,266
|
Kymera Therapeutics, Inc.*
|
1,105,387
|
|
|
32,483
|
MBX Biosciences, Inc.*
|
430,400
|
|
|
16,421
|
Nuvalent, Inc. Class A*
|
1,286,585
|
|
|
28,143
|
Protagonist Therapeutics, Inc.*
|
1,515,782
|
|
|
32,512
|
PTC Therapeutics, Inc.*
|
1,694,200
|
|
|
19,218
|
Revolution Medicines, Inc.*
|
716,255
|
|
|
36,621
|
Scholar Rock Holding Corp.*
|
1,356,808
|
|
|
18,904
|
Soleno Therapeutics, Inc.*
|
1,634,629
|
|
|
34,646
|
Spyre Therapeutics, Inc.*(1)
|
587,943
|
|
|
16,597
|
Structure Therapeutics, Inc. ADR*
|
295,427
|
|
|
54,925
|
TG Therapeutics, Inc.*
|
1,949,837
|
|
|
21,804
|
Ultragenyx Pharmaceutical, Inc.*
|
595,685
|
|
|
17,441
|
Vaxcyte, Inc.*
|
592,122
|
|
|
50,858
|
Veracyte, Inc.*
|
1,195,672
|
|
|
30,573
|
Vericel Corp.*
|
1,068,221
|
|
|
15,080
|
Verona Pharma PLC ADR*
|
1,584,757
|
|
|
|
|
|
30,562,430
|
|
|
Semiconductors & Semiconductor Equipment - 4.3%
|
||
|
18,137
|
Cirrus Logic, Inc.*
|
1,826,577
|
|
|
42,352
|
Credo Technology Group Holding Ltd.*
|
4,724,366
|
|
|
8,752
|
MACOM Technology Solutions Holdings, Inc.*
|
1,200,249
|
|
|
20,687
|
MKS, Inc.
|
1,968,989
|
|
|
37,050
|
Rambus, Inc.*
|
2,739,106
|
|
|
|
|
|
12,459,287
|
|
|
Software & Services - 11.3%
|
||
|
71,975
|
ACI Worldwide, Inc.*
|
3,063,256
|
|
|
18,051
|
Agilysys, Inc.*
|
2,059,258
|
|
|
3,825
|
Appfolio, Inc. Class A*
|
1,022,729
|
|
|
103,450
|
AvePoint, Inc.*
|
1,973,826
|
|
|
36,341
|
Bill Holdings, Inc.*
|
1,557,212
|
|
|
214,032
|
CCC Intelligent Solutions Holdings, Inc.*
|
2,069,689
|
|
|
134,742
|
Clearwater Analytics Holdings, Inc. Class A*
|
2,729,873
|
|
|
16,664
|
Commvault Systems, Inc.*
|
3,165,327
|
|
|
94,637
|
Grid Dynamics Holdings, Inc.*
|
898,105
|
|
|
32,015
|
Intapp, Inc.*
|
1,282,201
|
|
|
120,276
|
Jamf Holding Corp.*
|
954,991
|
|
|
40,985
|
Pegasystems, Inc.
|
2,406,229
|
|
|
16,862
|
SPS Commerce, Inc.*
|
1,835,682
|
|
|
46,113
|
Unity Software, Inc.*
|
1,538,330
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Software & Services - 11.3% - (continued)
|
||
|
38,026
|
Varonis Systems, Inc.*
|
$2,122,992
|
|
|
61,436
|
Vertex, Inc. Class A*
|
2,037,832
|
|
|
116,170
|
Zeta Global Holdings Corp. Class A*
|
1,818,060
|
|
|
|
|
|
32,535,592
|
|
|
Technology Hardware & Equipment - 4.4%
|
||
|
7,118
|
Fabrinet*
|
2,304,310
|
|
|
15,467
|
Insight Enterprises, Inc.*
|
1,834,077
|
|
|
20,234
|
Lumentum Holdings, Inc.*
|
2,227,359
|
|
|
55,991
|
Napco Security Technologies, Inc.
|
1,709,405
|
|
|
19,305
|
PAR Technology Corp.*
|
1,173,358
|
|
|
16,504
|
Sanmina Corp.*
|
1,915,124
|
|
|
150,461
|
Viavi Solutions, Inc.*
|
1,512,133
|
|
|
|
|
|
12,675,766
|
|
|
Transportation - 0.8%
|
||
|
12,742
|
Ryder System, Inc.
|
2,264,381
|
|
|
|
Utilities - 0.7%
|
||
|
17,114
|
Chesapeake Utilities Corp.
|
2,051,626
|
|
|
|
Total Common Stocks
(cost $237,774,334)
|
|
$286,483,588
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 256,674
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 07/31/2025 at 4.36%, due
on 08/01/2025 with a maturity value of
$256,705; collateralized by U.S. Treasury
Inflation-Indexed Note at 1.63%, maturing
10/15/2027, with a market value of $261,854
|
$256,674
|
|
|
|
Securities Lending Collateral - 0.2%
|
||
|
626,766
|
State Street Navigator Securities Lending
Government Money Market Portfolio, 4.26%(2)
|
626,766
|
|
|
|
Total Short-Term Investments
(cost $883,440)
|
$883,440
|
|
|
|
Total Investments
(cost $238,657,774)
|
99.7
%
|
$287,367,028
|
|
|
Other Assets and Liabilities
|
0.3
%
|
818,441
|
|
|
Net Assets
|
100.0
%
|
$288,185,469
|
|
*
|
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.
|
|
|
4
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$286,483,588
|
$286,483,588
|
$—
|
$—
|
|
Short-Term Investments
|
883,440
|
626,766
|
256,674
|
—
|
|
Total
|
$287,367,028
|
$287,110,354
|
$256,674
|
$—
|
|
(1)
|
For the period ended July 31, 2025, there were no transfers in and out of Level 3.
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.8%
|
|||
|
|
Other Asset-Backed Securities - 0.8%
|
||
|
$ 486,000
|
Cedar Funding VI CLO Ltd. 5.64%, 04/20/2034,
3 mo. USD Term SOFR + 1.31%(1)(2)
|
$486,410
|
|
|
172,996
|
Dewolf Park CLO Ltd. 5.50%, 10/15/2030, 3 mo.
USD Term SOFR + 1.18%(1)(2)
|
173,122
|
|
|
|
|
|
659,532
|
|
|
Whole Loan Collateral CMO - 0.0%
|
||
|
18,847
|
Towd Point Mortgage Trust 2.75%, 06/25/2057(1)(3)
|
18,356
|
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $677,949)
|
$677,888
|
|
|
CORPORATE BONDS - 35.8%
|
|||
|
|
Aerospace & Defense - 0.1%
|
||
|
92,000
|
Boeing Co. 6.53%, 05/01/2034
|
$100,134
|
|
|
|
Auto Manufacturers - 2.9%
|
||
|
358,000
|
Ford Motor Credit Co. LLC 6.05%, 11/05/2031
|
358,205
|
|
|
|
General Motors Financial Co., Inc.
|
|
|
|
361,000
|
1.50%, 06/10/2026
|
351,476
|
|
|
169,000
|
5.60%, 06/18/2031
|
172,449
|
|
|
102,000
|
5.63%, 04/04/2032
|
103,605
|
|
|
112,000
|
5.75%, 02/08/2031
|
115,199
|
|
|
159,000
|
5.95%, 04/04/2034
|
161,606
|
|
|
542,000
|
Hyundai Capital America 1.50%, 06/15/2026(1)
|
527,176
|
|
|
600,000
|
Stellantis Finance U.S., Inc. 6.45%, 03/18/2035(1)
|
600,502
|
|
|
|
|
|
2,390,218
|
|
|
Auto Parts & Equipment - 0.0%
|
||
|
27,000
|
Magna International, Inc. 4.15%, 10/01/2025
|
26,971
|
|
|
|
Beverages - 1.0%
|
||
|
620,000
|
Bacardi Ltd./Bacardi-Martini BV 5.40%,
06/15/2033(1)
|
620,744
|
|
|
163,000
|
Bacardi-Martini BV 6.00%, 02/01/2035(1)
|
167,271
|
|
|
|
|
|
788,015
|
|
|
Commercial Banks - 11.9%
|
||
|
320,000
|
AIB Group PLC 6.61%, 09/13/2029, (6.61% fixed
rate until 09/13/2028; 6 mo. USD SOFR +
2.33% thereafter)(1)(4)
|
337,716
|
|
|
|
Bank of America Corp.
|
|
|
|
236,000
|
2.57%, 10/20/2032, (2.57% fixed rate until
10/20/2031; 6 mo. USD SOFR + 1.21%
thereafter)(4)
|
207,987
|
|
|
424,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(4)
|
380,194
|
|
|
367,000
|
3.25%, 10/21/2027
|
359,536
|
|
|
284,000
|
3.85%, 03/08/2037, (3.85% fixed rate until
03/08/2032; 5 yr. USD CMT + 2.00%
thereafter)(4)
|
260,315
|
|
|
227,000
|
5.08%, 01/20/2027, (5.08% fixed rate until
01/20/2026; 6 mo. USD SOFR + 1.29%
thereafter)(4)
|
227,675
|
|
|
1,098,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(4)
|
1,099,055
|
|
|
|
Barclays PLC
|
|
|
|
200,000
|
5.37%, 02/25/2031, (5.37% fixed rate until
02/25/2030; 6 mo. USD SOFR + 1.23%
thereafter)(4)
|
204,319
|
|
|
302,000
|
6.50%, 09/13/2027, (6.50% fixed rate until
09/13/2026; 6 mo. USD SOFR + 1.88%
thereafter)(4)
|
307,936
|
|
|
|
Citigroup, Inc.
|
|
|
|
333,000
|
3.20%, 10/21/2026
|
327,894
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8% - (continued)
|
|||
|
|
Commercial Banks - 11.9% - (continued)
|
||
|
$ 222,000
|
5.41%, 09/19/2039, (5.41% fixed rate until
09/19/2034; 5 yr. USD CMT + 1.73%
thereafter)(4)
|
$217,358
|
|
|
191,000
|
5.83%, 02/13/2035, (5.83% fixed rate until
02/13/2034; 6 mo. USD SOFR + 2.06%
thereafter)(4)
|
194,228
|
|
|
494,000
|
6.02%, 01/24/2036, (6.02% fixed rate until
01/24/2035; 6 mo. USD SOFR + 1.83%
thereafter)(4)
|
506,267
|
|
|
360,000
|
Credit Agricole SA 5.22%, 05/27/2031, (5.22%
fixed rate until 05/27/2030; 6 mo. USD SOFR +
1.46% thereafter)(1)(4)
|
365,882
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
123,000
|
5.58%, 07/23/2036, (5.58% fixed rate until
07/23/2035; 6 mo. USD SOFR + 1.64%
thereafter)(4)
|
124,593
|
|
|
591,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(4)
|
612,649
|
|
|
|
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)
|
531,261
|
|
|
291,000
|
6.07%, 06/13/2036, (6.07% fixed rate until
06/13/2035; 1 yr. USD CMT + 1.60%
thereafter)(4)
|
297,757
|
|
|
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)
|
376,744
|
|
|
206,000
|
Morgan Stanley 5.12%, 02/01/2029, (5.12% fixed
rate until 02/01/2028; 6 mo. USD SOFR +
1.73% thereafter)(4)
|
209,028
|
|
|
390,000
|
National Securities Clearing Corp. 5.00%,
05/30/2028(1)
|
396,924
|
|
|
|
NatWest Group PLC
|
|
|
|
301,000
|
1.64%, 06/14/2027, (1.64% fixed rate until
06/14/2026; 1 yr. USD CMT + 0.90%
thereafter)(4)
|
293,271
|
|
|
282,000
|
7.47%, 11/10/2026, (7.47% fixed rate until
11/10/2025; 1 yr. USD CMT + 2.85%
thereafter)(4)
|
284,007
|
|
|
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)
|
342,698
|
|
|
886,000
|
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)
|
923,365
|
|
|
|
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)
|
350,455
|
|
|
141,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(4)
|
145,186
|
|
|
|
|
|
9,884,300
|
|
|
Diversified Financial Services - 0.6%
|
||
|
161,000
|
Aircastle Ltd./Aircastle Ireland DAC 5.75%,
10/01/2031(1)
|
165,229
|
|
|
200,000
|
Avolon Holdings Funding Ltd. 5.75%, 11/15/2029(1)
|
205,887
|
|
|
100,000
|
MMH Master LLC 6.38%, 02/01/2034(1)
|
101,536
|
|
|
|
|
|
472,652
|
|
|
Electric - 2.7%
|
||
|
603,000
|
Ameren Missouri Securitization Funding I LLC
4.85%, 10/01/2041
|
599,403
|
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8% - (continued)
|
|||
|
|
Electric - 2.7% - (continued)
|
||
|
$ 506,000
|
Enel Finance International NV 2.13%,
07/12/2028(1)(5)
|
$471,765
|
|
|
200,000
|
NYSEG Storm Funding LLC 5.16%, 05/01/2035
|
199,502
|
|
|
514,000
|
Public Service Enterprise Group, Inc. 1.60%,
08/15/2030
|
443,005
|
|
|
575,000
|
Swepco Storm Recovery Funding LLC 4.88%,
09/01/2041
|
569,252
|
|
|
|
|
|
2,282,927
|
|
|
Entertainment - 0.7%
|
||
|
400,000
|
Flutter Treasury DAC 5.88%, 06/04/2031(1)(6)
|
402,638
|
|
|
224,000
|
Warnermedia Holdings, Inc. 4.05%, 03/15/2029
|
210,323
|
|
|
|
|
|
612,961
|
|
|
Food - 0.7%
|
||
|
605,000
|
Flowers Foods, Inc. 6.20%, 03/15/2055
|
591,467
|
|
|
|
Healthcare - Services - 0.9%
|
||
|
183,000
|
Adventist Health System 5.76%, 12/01/2034
|
182,866
|
|
|
434,000
|
Cigna Group 4.38%, 10/15/2028
|
432,455
|
|
|
135,000
|
Orlando Health Obligated Group 5.48%,
10/01/2035
|
138,518
|
|
|
|
|
|
753,839
|
|
|
Insurance - 4.4%
|
||
|
2,000
|
Aflac, Inc. 6.45%, 08/15/2040
|
2,172
|
|
|
524,000
|
Belrose Funding Trust II 6.79%, 05/15/2055(1)
|
536,123
|
|
|
|
Equitable Financial Life Global Funding
|
|
|
|
258,000
|
1.40%, 08/27/2027(1)
|
241,874
|
|
|
400,000
|
5.00%, 03/27/2030(1)
|
405,593
|
|
|
1,110,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
1,105,265
|
|
|
207,000
|
Lincoln Financial Global Funding 5.30%,
01/13/2030(1)
|
212,076
|
|
|
387,000
|
Metropolitan Life Global Funding I 2.40%,
01/11/2032(1)(6)
|
336,085
|
|
|
340,000
|
Mutual of Omaha Cos Global Funding 5.00%,
04/01/2030(1)
|
344,343
|
|
|
464,000
|
Peachtree Corners Funding Trust II 6.01%,
05/15/2035(1)
|
480,275
|
|
|
|
|
|
3,663,806
|
|
|
Iron/Steel - 0.2%
|
||
|
186,000
|
Vale Overseas Ltd. 6.40%, 06/28/2054
|
182,659
|
|
|
|
Media - 0.0%
|
||
|
45,000
|
Discovery Communications LLC 3.63%,
05/15/2030
|
39,862
|
|
|
|
Oil & Gas - 2.3%
|
||
|
212,000
|
APA Corp. 6.10%, 02/15/2035(1)
|
207,667
|
|
|
469,000
|
Canadian Natural Resources Ltd. 5.85%,
02/01/2035
|
476,701
|
|
|
134,000
|
Coterra Energy, Inc. 5.40%, 02/15/2035
|
132,081
|
|
|
407,000
|
Eni SpA 5.75%, 05/19/2035(1)
|
415,331
|
|
|
135,000
|
Expand Energy Corp. 5.70%, 01/15/2035
|
136,711
|
|
|
212,000
|
Harbour Energy PLC 6.33%, 04/01/2035(1)
|
212,103
|
|
|
343,000
|
HF Sinclair Corp. 5.75%, 01/15/2031
|
351,077
|
|
|
|
|
|
1,931,671
|
|
|
Pipelines - 1.8%
|
||
|
|
Enbridge, Inc.
|
|
|
|
260,000
|
5.30%, 04/05/2029
|
265,831
|
|
|
278,000
|
5.55%, 06/20/2035
|
280,637
|
|
|
|
Energy Transfer LP
|
|
|
|
511,000
|
3.75%, 05/15/2030
|
489,696
|
|
|
442,000
|
5.60%, 09/01/2034
|
446,986
|
|
|
|
|
|
1,483,150
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8% - (continued)
|
|||
|
|
Real Estate Investment Trusts - 2.6%
|
||
|
|
Cousins Properties LP
|
|
|
|
$ 333,000
|
5.25%, 07/15/2030
|
$338,303
|
|
|
55,000
|
5.38%, 02/15/2032
|
55,522
|
|
|
574,000
|
Crown Castle, Inc. 2.10%, 04/01/2031
|
493,948
|
|
|
228,000
|
GLP Capital LP/GLP Financing II, Inc. 5.63%,
09/15/2034
|
227,704
|
|
|
147,000
|
Highwoods Realty LP 7.65%, 02/01/2034
|
165,711
|
|
|
182,000
|
Kilroy Realty LP 6.25%, 01/15/2036
|
182,744
|
|
|
687,000
|
Omega Healthcare Investors, Inc. 5.20%,
07/01/2030
|
689,181
|
|
|
|
|
|
2,153,113
|
|
|
Semiconductors - 0.7%
|
||
|
542,000
|
Broadcom, Inc. 4.90%, 07/15/2032
|
543,671
|
|
|
|
Telecommunications - 2.3%
|
||
|
824,000
|
AT&T, Inc. 1.65%, 02/01/2028
|
771,392
|
|
|
912,000
|
T-Mobile USA, Inc. 2.05%, 02/15/2028
|
860,791
|
|
|
242,000
|
Verizon Communications, Inc. 5.40%,
07/02/2037(1)
|
241,820
|
|
|
|
|
|
1,874,003
|
|
|
Total Corporate Bonds
(cost $29,307,174)
|
$29,775,419
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.5%
|
|||
|
|
Mexico - 1.8%
|
||
|
559,000
|
Eagle Funding Luxco SARL 5.50%, 08/17/2030(1)
|
$561,516
|
|
|
|
Mexico Government International Bonds
|
|
|
|
416,000
|
6.63%, 01/29/2038
|
418,080
|
|
|
237,000
|
6.88%, 05/13/2037
|
244,584
|
|
|
238,000
|
7.38%, 05/13/2055
|
245,140
|
|
|
|
|
|
1,469,320
|
|
|
Romania - 0.7%
|
||
|
|
Romania Government International Bonds
|
|
|
|
266,000
|
5.75%, 09/16/2030(1)
|
267,190
|
|
|
312,000
|
6.63%, 05/16/2036(1)
|
311,610
|
|
|
|
|
|
578,800
|
|
|
Total Foreign Government Obligations
(cost $2,026,098)
|
|
$2,048,120
|
|
MUNICIPAL BONDS - 12.3%
|
|||
|
|
General - 2.8%
|
||
|
235,000
|
New York State Dormitory Auth, NY, Rev 5.00%,
03/15/2051
|
$236,843
|
|
|
2,045,000
|
New York State Thruway Auth, NY, Rev 5.00%,
03/15/2053
|
2,059,360
|
|
|
|
|
|
2,296,203
|
|
|
Power - 0.1%
|
||
|
85,000
|
Los Angeles Department of Water & Power, CA,
Rev, (BAM) 5.00%, 07/01/2053
|
84,611
|
|
|
|
School District - 1.0%
|
||
|
70,000
|
Comal Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/01/2050(7)
|
70,576
|
|
|
90,000
|
Northside Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 08/15/2055
|
90,496
|
|
|
|
Princeton Independent School Dist, TX, GO,
(PSF-GTD)
|
|
|
|
30,000
|
5.00%, 02/15/2050(7)
|
30,218
|
|
|
25,000
|
5.25%, 02/15/2055(7)
|
25,689
|
|
|
610,000
|
Spring Independent School Dist, TX, GO,
(PSF-GTD) 5.25%, 08/15/2055(7)
|
629,967
|
|
|
|
|
|
846,946
|
|
|
7
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 12.3% - (continued)
|
|||
|
|
Single Family Housing - 5.4%
|
||
|
$ 100,000
|
Florida Housing Finance Corp., FL, Rev, (FHLMC),
(FNMA), (GNMA) 6.25%, 01/01/2055
|
$103,936
|
|
|
|
Illinois Housing Dev Auth, IL, Rev, (FHLMC),
(FNMA), (GNMA)
|
|
|
|
475,000
|
6.00%, 04/01/2054
|
488,818
|
|
|
1,060,000
|
(FHLMC), (FNMA), (GNMA) 6.25, 10/01/2054,
|
1,102,052
|
|
|
|
Indiana Housing & Community Dev Auth, IN, Rev,
(FHLMC), (FNMA), (GNMA)
|
|
|
|
100,000
|
6.00%, 07/01/2054
|
103,488
|
|
|
100,000
|
6.00%, 07/01/2055
|
103,444
|
|
|
100,000
|
6.25%, 01/01/2054
|
104,074
|
|
|
120,000
|
6.25%, 07/01/2054
|
124,655
|
|
|
140,000
|
6.25%, 07/01/2055
|
146,724
|
|
|
|
Iowa Finance Auth, IA, Rev, (FHLMC), (FNMA),
(GNMA)
|
|
|
|
395,000
|
(FHLMC), (FNMA), (GNMA) 6.25, 07/01/2054,
|
410,511
|
|
|
100,000
|
6.25%, 07/01/2055
|
104,836
|
|
|
100,000
|
Kentucky Housing Corp., KY, Rev, (FHLMC),
(FNMA), (GNMA) 6.50%, 07/01/2055
|
105,896
|
|
|
|
Nebraska Investment Finance Auth, NE, Rev,
(FHLMC), (FNMA), (GNMA)
|
|
|
|
100,000
|
6.25%, 09/01/2047
|
103,859
|
|
|
95,000
|
6.25%, 09/01/2049
|
98,657
|
|
|
100,000
|
6.25%, 09/01/2052
|
104,884
|
|
|
|
Nevada Housing Division, NV, Rev, (FHLMC),
(FNMA), (GNMA)
|
|
|
|
445,000
|
6.25%, 10/01/2054
|
461,248
|
|
|
100,000
|
6.25%, 10/01/2055
|
104,494
|
|
|
660,000
|
Texas Department of Housing & Community
Affairs, TX, Rev, (GNMA) 6.00, 01/01/2054,
|
680,390
|
|
|
|
|
|
4,451,966
|
|
|
Student Loan - 0.3%
|
||
|
|
New Hampshire Health & Education Facs Auth
Act, NH, Rev
|
|
|
|
165,000
|
5.04%, 11/01/2034
|
163,250
|
|
|
90,000
|
5.34%, 11/01/2044
|
81,134
|
|
|
|
|
|
244,384
|
|
|
Tobacco - 1.1%
|
||
|
1,045,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 3.00%, 06/01/2046
|
920,769
|
|
|
|
Utilities - 0.7%
|
||
|
|
Texas Natural Gas Securitization Finance Corp.,
TX, Rev
|
|
|
|
239,204
|
5.10%, 04/01/2035
|
243,789
|
|
|
360,000
|
5.17%, 04/01/2041
|
364,703
|
|
|
|
|
|
608,492
|
|
|
Water - 0.9%
|
||
|
545,000
|
Northern Texas Municipal Water Dist System Dist,
TX, Rev 5.00%, 09/01/2055
|
548,531
|
|
|
215,000
|
Peace River Manasota Regional Water Supply
Auth, FL, Rev 5.50%, 10/01/2055(7)
|
226,188
|
|
|
|
|
|
774,719
|
|
|
Total Municipal Bonds
(cost $10,166,891)
|
|
$10,228,090
|
|
U.S. GOVERNMENT AGENCIES - 24.8%
|
|||
|
|
Mortgage-Backed Agencies - 24.8%
|
||
|
|
Federal Home Loan Mortgage Corp. - 11.4%
|
||
|
815,469
|
3.00%, 09/01/2050
|
$702,632
|
|
|
615,418
|
4.50%, 08/25/2033(3)
|
611,078
|
|
|
804,510
|
5.00%, 08/01/2052
|
785,663
|
|
|
803,744
|
5.00%, 11/01/2052
|
786,106
|
|
|
1,040,000
|
5.50%, 08/01/2055
|
1,041,462
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 24.8% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 24.8% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 11.4% - (continued)
|
||
|
$ 222,556
|
5.55%, 10/25/2054, 30 day USD SOFR Average
+ 1.20%(2)
|
$223,050
|
|
|
856,527
|
5.55%, 02/25/2055, 30 day USD SOFR Average
+ 1.20%(2)
|
858,341
|
|
|
1,652,000
|
5.55%, 08/25/2055, 30 day USD SOFR Average
+ 1.20%(2)
|
1,653,434
|
|
|
829,937
|
5.60%, 05/25/2055, 30 day USD SOFR Average
+ 1.25%(2)
|
833,412
|
|
|
364,731
|
6.00%, 01/01/2053
|
370,953
|
|
|
291,650
|
6.00%, 03/01/2053
|
295,999
|
|
|
805,331
|
6.00%, 06/01/2055
|
824,085
|
|
|
476,473
|
6.50%, 02/01/2054
|
491,394
|
|
|
|
|
|
9,477,609
|
|
|
Federal National Mortgage Association - 10.3%
|
||
|
940,121
|
2.50%, 12/01/2051
|
780,561
|
|
|
1,697,295
|
2.50%, 02/01/2052
|
1,395,277
|
|
|
1,157,429
|
3.00%, 05/01/2052
|
992,287
|
|
|
450,757
|
5.00%, 08/01/2052
|
440,912
|
|
|
403,665
|
5.00%, 10/01/2052
|
394,807
|
|
|
383,471
|
5.00%, 12/01/2054
|
373,342
|
|
|
809,730
|
5.45%, 12/25/2054, 30 day USD SOFR Average
+ 1.10%(2)
|
809,384
|
|
|
294,054
|
5.50%, 10/01/2054
|
292,577
|
|
|
471,653
|
5.55%, 02/25/2055, 30 day USD SOFR Average
+ 1.20%(2)
|
472,855
|
|
|
1,187,022
|
5.60%, 07/25/2055, 30 day USD SOFR Average
+ 1.25%(2)
|
1,192,735
|
|
|
584,584
|
6.00%, 02/01/2053
|
594,159
|
|
|
817,802
|
6.00%, 10/01/2054
|
829,704
|
|
|
|
|
|
8,568,600
|
|
|
Government National Mortgage Association - 3.1%
|
||
|
550,982
|
5.45%, 01/20/2055, 30 day USD SOFR Average
+ 1.10%(2)
|
551,068
|
|
|
430,308
|
5.50%, 12/20/2052
|
432,741
|
|
|
213,836
|
5.50%, 05/20/2053
|
214,285
|
|
|
803,588
|
5.50%, 01/20/2055
|
801,925
|
|
|
549,791
|
6.00%, 12/20/2052
|
561,322
|
|
|
|
|
|
2,561,341
|
|
|
Total U.S. Government Agencies
(cost $20,584,646)
|
|
$20,607,550
|
|
U.S. GOVERNMENT SECURITIES - 22.6%
|
|||
|
|
U.S. Treasury Securities - 22.6%
|
||
|
|
U.S. Treasury Bonds - 12.4%
|
||
|
548,000
|
1.38%, 11/15/2040
|
$347,145
|
|
|
281,400
|
3.00%, 08/15/2052
|
200,047
|
|
|
1,440,000
|
3.63%, 02/15/2053
|
1,158,694
|
|
|
2,372,000
|
3.88%, 02/15/2043
|
2,100,425
|
|
|
851,000
|
4.00%, 11/15/2052
|
733,489
|
|
|
360,500
|
4.13%, 08/15/2053
|
317,310
|
|
|
521,000
|
4.25%, 08/15/2054
|
468,574
|
|
|
646,900
|
4.50%, 11/15/2054
|
606,873
|
|
|
162,000
|
4.63%, 05/15/2054
|
155,045
|
|
|
911,000
|
4.63%, 02/15/2055
|
872,710
|
|
|
2,015,000
|
4.75%, 11/15/2043
|
1,989,498
|
|
|
1,334,000
|
4.75%, 02/15/2045
|
1,311,280
|
|
|
66,000
|
4.75%, 11/15/2053
|
64,430
|
|
|
|
|
|
10,325,520
|
|
|
U.S. Treasury Notes - 10.2%
|
||
|
321,000
|
0.75%, 05/31/2026
|
311,929
|
|
|
528,000
|
3.75%, 04/15/2028
|
526,020
|
|
|
13,000
|
3.88%, 03/15/2028
|
12,997
|
|
|
1,142,000
|
3.88%, 06/15/2028
|
1,141,822
|
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 22.6% - (continued)
|
|||
|
|
U.S. Treasury Securities - 22.6% - (continued)
|
||
|
|
U.S. Treasury Notes - 10.2% - (continued)
|
||
|
$ 1,768,000
|
3.88%, 06/30/2030
|
$1,761,646
|
|
|
701,000
|
4.00%, 02/28/2030
|
702,889
|
|
|
163,000
|
4.00%, 05/31/2030
|
163,395
|
|
|
434,000
|
4.00%, 04/30/2032
|
430,830
|
|
|
2,121,900
|
4.25%, 05/15/2035
|
2,103,333
|
|
|
571,000
|
4.38%, 01/31/2032
|
579,610
|
|
|
697,700
|
4.63%, 02/15/2035
|
712,853
|
|
|
|
|
|
8,447,324
|
|
|
Total U.S. Government Securities
(cost $19,614,311)
|
|
$18,772,844
|
|
|
Total Long-Term Investments
(cost $82,377,069)
|
|
$82,109,911
|
|
SHORT-TERM INVESTMENTS - 0.8%
|
|||
|
|
Securities Lending Collateral - 0.8%
|
||
|
681,250
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
4.26%(8)
|
$681,250
|
|
|
|
Total Short-Term Investments
(cost $681,250)
|
$681,250
|
|
|
|
Total Investments
(cost $83,058,319)
|
99.6
%
|
$82,791,161
|
|
|
Other Assets and Liabilities
|
0.4
%
|
297,234
|
|
|
Net Assets
|
100.0
%
|
$83,088,395
|
|
(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 July 31, 2025, the aggregate value of these securities was
$11,114,873, representing 13.4% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at July 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
July 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)
|
Represents entire or partial securities on loan.
|
|
(7)
|
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 $979,787
at July 31, 2025.
|
|
(8)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at July 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
|
12
|
09/30/2025
|
$2,483,813
|
$(1,523
)
|
|
U.S. Treasury 5-Year Note Future
|
50
|
09/30/2025
|
5,408,594
|
19,606
|
|
U.S. Treasury 10-Year Note Future
|
79
|
09/19/2025
|
8,773,937
|
122,669
|
|
U.S. Treasury Ultra Bond Future
|
9
|
09/19/2025
|
1,055,812
|
36,754
|
|
Total
|
|
|
|
$177,506
|
|
Short position contracts:
|
||||
|
U.S. Treasury 10-Year Ultra Future
|
(25)
|
09/19/2025
|
$(2,826,953
)
|
$(53,369
)
|
|
Total futures contracts
|
$124,137
|
|||
|
|
9
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$677,888
|
$—
|
$677,888
|
$—
|
|
Corporate Bonds
|
29,775,419
|
—
|
29,775,419
|
—
|
|
Foreign Government Obligations
|
2,048,120
|
—
|
2,048,120
|
—
|
|
Municipal Bonds
|
10,228,090
|
—
|
10,228,090
|
—
|
|
U.S. Government Agencies
|
20,607,550
|
—
|
20,607,550
|
—
|
|
U.S. Government Securities
|
18,772,844
|
—
|
18,772,844
|
—
|
|
Short-Term Investments
|
681,250
|
681,250
|
—
|
—
|
|
Futures Contracts(2)
|
179,029
|
179,029
|
—
|
—
|
|
Total
|
$82,970,190
|
$860,279
|
$82,109,911
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(54,892
)
|
$(54,892
)
|
$—
|
$—
|
|
Total
|
$(54,892
)
|
$(54,892
)
|
$—
|
$—
|
|
(1)
|
For the period ended July 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.
|
|
|
10
|
|
|
|
11
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 9.8%
|
|||
|
|
United States - 9.8%
|
||
|
|
Federal Home Loan Mortgage Corp. - 1.2%
|
||
|
$ 37,000
|
4.50%, 09/01/2052
|
$35,253
|
|
|
48,058
|
5.00%, 09/01/2052
|
47,006
|
|
|
76,596
|
5.00%, 11/01/2052
|
74,915
|
|
|
73,208
|
5.50%, 01/01/2054
|
72,903
|
|
|
46,886
|
5.50%, 06/01/2054
|
46,680
|
|
|
190,000
|
5.50%, 08/01/2055
|
190,267
|
|
|
39,975
|
6.00%, 01/01/2053
|
40,657
|
|
|
118,148
|
6.00%, 10/01/2053
|
119,931
|
|
|
517,978
|
6.00%, 10/01/2054
|
525,215
|
|
|
314,370
|
6.00%, 03/01/2055
|
319,518
|
|
|
76,850
|
6.50%, 02/01/2054
|
79,257
|
|
|
|
|
|
1,551,602
|
|
|
Federal National Mortgage Association - 5.8%
|
||
|
16,840
|
4.50%, 06/01/2052
|
16,003
|
|
|
33,650
|
5.00%, 10/01/2052
|
32,912
|
|
|
91,700
|
5.00%, 04/01/2053
|
89,587
|
|
|
110,782
|
5.00%, 12/01/2053
|
108,071
|
|
|
391,283
|
5.00%, 09/01/2054
|
380,918
|
|
|
624,341
|
5.00%, 10/01/2054
|
607,803
|
|
|
85,825
|
5.50%, 01/01/2053
|
85,624
|
|
|
207,669
|
5.50%, 12/01/2053
|
206,835
|
|
|
264,084
|
5.50%, 01/01/2054
|
263,003
|
|
|
217,505
|
5.50%, 02/01/2054
|
216,565
|
|
|
309,995
|
5.50%, 03/01/2054
|
308,630
|
|
|
659,956
|
5.50%, 09/01/2054
|
657,051
|
|
|
538,016
|
5.50%, 10/01/2054
|
535,315
|
|
|
466,863
|
5.50%, 01/01/2055
|
464,519
|
|
|
149,854
|
6.00%, 01/01/2053
|
152,374
|
|
|
101,407
|
6.00%, 02/01/2053
|
103,068
|
|
|
242,796
|
6.00%, 11/01/2053
|
246,767
|
|
|
152,128
|
6.00%, 12/01/2053
|
154,616
|
|
|
272,417
|
6.00%, 01/01/2054
|
276,434
|
|
|
229,952
|
6.00%, 02/01/2054
|
233,316
|
|
|
587,250
|
6.00%, 05/01/2054
|
597,774
|
|
|
344,750
|
6.00%, 08/01/2054
|
349,652
|
|
|
87,765
|
6.00%, 09/01/2054
|
88,991
|
|
|
1,289,256
|
6.00%, 11/01/2054
|
1,307,269
|
|
|
199,052
|
6.00%, 07/01/2055
|
201,833
|
|
|
33,065
|
6.50%, 10/01/2053
|
34,138
|
|
|
25,563
|
6.50%, 12/01/2053
|
26,375
|
|
|
6,962
|
6.50%, 02/01/2054
|
7,180
|
|
|
105,221
|
6.50%, 04/01/2054
|
108,516
|
|
|
|
|
|
7,861,139
|
|
|
Government National Mortgage Association - 2.8%
|
||
|
114,186
|
5.00%, 09/20/2053
|
111,598
|
|
|
485,016
|
5.00%, 10/20/2054
|
473,623
|
|
|
88,971
|
5.00%, 02/20/2055
|
86,880
|
|
|
78,448
|
5.50%, 05/20/2053
|
78,613
|
|
|
87,371
|
5.50%, 06/20/2053
|
87,555
|
|
|
84,741
|
5.50%, 12/20/2053
|
84,853
|
|
|
417,979
|
5.50%, 01/20/2054
|
418,078
|
|
|
518,188
|
5.50%, 10/20/2054
|
517,268
|
|
|
516,382
|
5.50%, 01/20/2055
|
515,313
|
|
|
118,143
|
5.50%, 02/20/2055
|
117,898
|
|
|
118,007
|
6.00%, 12/20/2052
|
120,482
|
|
|
163,213
|
6.00%, 12/20/2053
|
166,224
|
|
|
226,945
|
6.00%, 01/20/2054
|
230,939
|
|
|
33,286
|
6.00%, 05/20/2054
|
33,835
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 9.8% - (continued)
|
|||
|
|
United States - 9.8% - (continued)
|
||
|
|
Government National Mortgage Association - 2.8% - (continued)
|
||
|
$ 546,699
|
6.00%, 08/20/2054
|
$554,869
|
|
|
146,468
|
6.00%, 09/20/2054
|
148,586
|
|
|
12,828
|
6.50%, 01/20/2054
|
13,189
|
|
|
|
|
|
3,759,803
|
|
|
Total U.S. Government Agencies
(cost $13,063,187)
|
|
$13,172,544
|
|
COMMON STOCKS - 55.5%
|
|||
|
|
Australia - 0.7%
|
||
|
2,641
|
ANZ Group Holdings Ltd.
|
$51,826
|
|
|
5,579
|
BlueScope Steel Ltd.
|
84,579
|
|
|
1,344
|
Commonwealth Bank of Australia
|
152,584
|
|
|
705
|
Macquarie Group Ltd.
|
97,632
|
|
|
2,449
|
National Australia Bank Ltd.
|
60,776
|
|
|
516
|
Rio Tinto Ltd.
|
36,697
|
|
|
1,279
|
Rio Tinto PLC
|
76,176
|
|
|
11,745
|
Santos Ltd.
|
59,100
|
|
|
1,773
|
Wesfarmers Ltd.
|
96,982
|
|
|
5,838
|
Westpac Banking Corp.
|
126,043
|
|
|
2,543
|
Woodside Energy Group Ltd.
|
43,034
|
|
|
1,789
|
Woolworths Group Ltd.
|
36,116
|
|
|
|
|
|
921,545
|
|
|
Austria - 0.0%
|
||
|
576
|
Erste Group Bank AG
|
52,672
|
|
|
|
Belgium - 0.1%
|
||
|
1,332
|
Anheuser-Busch InBev SA
|
76,580
|
|
|
1,258
|
Groupe Bruxelles Lambert NV
|
105,169
|
|
|
|
|
|
181,749
|
|
|
Brazil - 0.5%
|
||
|
111
|
MercadoLibre, Inc.*
|
263,502
|
|
|
4,265
|
NU Holdings Ltd. Class A*
|
52,118
|
|
|
3,983
|
Petroleo Brasileiro SA - Petrobras ADR
|
50,743
|
|
|
1,962
|
Wheaton Precious Metals Corp.
|
179,435
|
|
|
1,765
|
Yara International ASA
|
65,247
|
|
|
|
|
|
611,045
|
|
|
Canada - 1.1%
|
||
|
836
|
Alimentation Couche-Tard, Inc.
|
43,441
|
|
|
504
|
Bank of Montreal
|
55,631
|
|
|
1,233
|
Bank of Nova Scotia
|
68,600
|
|
|
1,293
|
Canadian Imperial Bank of Commerce
|
92,412
|
|
|
464
|
Canadian National Railway Co.
|
43,326
|
|
|
3,122
|
Canadian Natural Resources Ltd.
|
98,824
|
|
|
1,350
|
Canadian Pacific Kansas City Ltd.
|
99,282
|
|
|
525
|
Canadian Tire Corp. Ltd. Class A(1)
|
70,316
|
|
|
54
|
Constellation Software, Inc.
|
186,298
|
|
|
834
|
Enbridge, Inc.
|
37,770
|
|
|
1,003
|
Fortis, Inc.
|
49,079
|
|
|
1,837
|
Manulife Financial Corp.
|
56,836
|
|
|
1,029
|
Nutrien Ltd.
|
61,052
|
|
|
1,537
|
Open Text Corp.
|
45,236
|
|
|
1,345
|
Pembina Pipeline Corp.
|
49,991
|
|
|
1,369
|
Rogers Communications, Inc. Class B
|
45,726
|
|
|
592
|
Royal Bank of Canada
|
75,961
|
|
|
905
|
Shopify, Inc. Class A*
|
110,623
|
|
|
537
|
Sun Life Financial, Inc.
|
32,741
|
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
Canada - 1.1% - (continued)
|
||
|
1,618
|
Suncor Energy, Inc.
|
$63,816
|
|
|
652
|
TC Energy Corp.
|
31,132
|
|
|
948
|
Toronto-Dominion Bank
|
69,047
|
|
|
|
|
|
1,487,140
|
|
|
China - 1.6%
|
||
|
11,300
|
Alibaba Group Holding Ltd.
|
169,893
|
|
|
3,000
|
Baidu, Inc. Class A*
|
32,824
|
|
|
15,000
|
BYD Co. Ltd. Class H(1)
|
219,013
|
|
|
166,000
|
CGN Power Co. Ltd. Class H(2)
|
62,361
|
|
|
41,000
|
China Life Insurance Co. Ltd. Class H
|
118,433
|
|
|
17,000
|
China Mengniu Dairy Co. Ltd.
|
35,377
|
|
|
12,500
|
China Merchants Bank Co. Ltd. Class H
|
81,114
|
|
|
14,500
|
China Resources Land Ltd.
|
53,171
|
|
|
2,700
|
Contemporary Amperex Technology Co. Ltd.
Class A
|
98,852
|
|
|
3,600
|
JD.com, Inc. Class A
|
56,743
|
|
|
9,000
|
Li Ning Co. Ltd.
|
19,068
|
|
|
4,400
|
Meituan Class B*(2)
|
67,881
|
|
|
3,200
|
NetEase, Inc.
|
83,655
|
|
|
568
|
PDD Holdings, Inc. ADR*
|
64,440
|
|
|
4,000
|
Ping An Insurance Group Co. of China Ltd.
Class H
|
27,461
|
|
|
1,969
|
Prosus NV*
|
112,481
|
|
|
7,300
|
Tencent Holdings Ltd.
|
511,089
|
|
|
5,500
|
Wuxi Biologics Cayman, Inc.*(2)
|
22,363
|
|
|
36,200
|
Xiaomi Corp. Class B*(2)
|
243,552
|
|
|
1,304
|
Yum China Holdings, Inc.
|
60,871
|
|
|
|
|
|
2,140,642
|
|
|
Denmark - 0.2%
|
||
|
485
|
DSV AS
|
108,681
|
|
|
3,454
|
Novo Nordisk AS Class B
|
160,639
|
|
|
|
|
|
269,320
|
|
|
Finland - 0.0%
|
||
|
2,256
|
UPM-Kymmene OYJ
|
58,470
|
|
|
|
France - 1.3%
|
||
|
474
|
Air Liquide SA
|
93,253
|
|
|
1,384
|
Airbus SE
|
278,260
|
|
|
1,679
|
AXA SA
|
81,548
|
|
|
1,463
|
BNP Paribas SA
|
133,394
|
|
|
312
|
Capgemini SE
|
46,449
|
|
|
617
|
Cie de Saint-Gobain SA
|
70,780
|
|
|
1,079
|
Eiffage SA
|
144,840
|
|
|
377
|
EssilorLuxottica SA
|
112,103
|
|
|
32
|
Hermes International SCA
|
78,256
|
|
|
98
|
Kering SA
|
24,063
|
|
|
888
|
Legrand SA
|
131,164
|
|
|
213
|
L'Oreal SA
|
94,249
|
|
|
150
|
LVMH Moet Hennessy Louis Vuitton SE
|
80,522
|
|
|
285
|
Pernod Ricard SA(1)
|
29,289
|
|
|
598
|
Safran SA
|
197,191
|
|
|
1,714
|
TotalEnergies SE
|
101,924
|
|
|
577
|
Vinci SA
|
80,150
|
|
|
|
|
|
1,777,435
|
|
|
Germany - 1.2%
|
||
|
457
|
adidas AG
|
87,346
|
|
|
262
|
Allianz SE
|
103,537
|
|
|
1,574
|
BASF SE
|
77,141
|
|
|
956
|
Bayer AG
|
29,733
|
|
|
750
|
Bayerische Motoren Werke AG
|
71,364
|
|
|
861
|
Beiersdorf AG
|
106,990
|
|
|
1,701
|
Deutsche Post AG
|
76,214
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
Germany - 1.2% - (continued)
|
||
|
3,320
|
Deutsche Telekom AG
|
$119,075
|
|
|
2,121
|
Infineon Technologies AG
|
83,319
|
|
|
1,318
|
Mercedes-Benz Group AG
|
74,625
|
|
|
1,459
|
RWE AG
|
59,856
|
|
|
1,773
|
SAP SE
|
506,999
|
|
|
983
|
Siemens AG
|
250,373
|
|
|
269
|
Siemens Energy AG*
|
31,144
|
|
|
|
|
|
1,677,716
|
|
|
Greece - 0.1%
|
||
|
2,923
|
OPAP SA
|
65,580
|
|
|
|
Hong Kong - 0.4%
|
||
|
25,200
|
AIA Group Ltd.
|
234,969
|
|
|
7,500
|
CK Asset Holdings Ltd.
|
34,367
|
|
|
3,900
|
Hang Seng Bank Ltd.
|
56,810
|
|
|
1,600
|
Hong Kong Exchanges & Clearing Ltd.
|
86,590
|
|
|
4,500
|
MTR Corp. Ltd.
|
16,188
|
|
|
4,691
|
Prudential PLC
|
59,511
|
|
|
3,000
|
Sun Hung Kai Properties Ltd.
|
35,632
|
|
|
5,000
|
Techtronic Industries Co. Ltd.
|
59,788
|
|
|
|
|
|
583,855
|
|
|
India - 0.8%
|
||
|
1,667
|
Axis Bank Ltd. GDR(3)
|
101,354
|
|
|
4,683
|
Dr. Reddy's Laboratories Ltd. ADR
|
66,592
|
|
|
5,012
|
GAIL India Ltd. GDR(3)
|
60,395
|
|
|
2,410
|
HDFC Bank Ltd. ADR
|
185,016
|
|
|
5,547
|
ICICI Bank Ltd. ADR
|
186,934
|
|
|
4,010
|
Infosys Ltd. ADR(1)
|
67,047
|
|
|
1,994
|
Larsen & Toubro Ltd. GDR(3)
|
81,854
|
|
|
2,015
|
Mahindra & Mahindra Ltd.
|
73,403
|
|
|
2,271
|
Mahindra & Mahindra Ltd. GDR(3)
|
81,983
|
|
|
1,542
|
Reliance Industries Ltd. GDR(2)
|
97,146
|
|
|
20,657
|
Wipro Ltd. ADR(1)
|
56,187
|
|
|
|
|
|
1,057,911
|
|
|
Indonesia - 0.1%
|
||
|
194,300
|
Bank Central Asia Tbk. PT
|
97,382
|
|
|
184,100
|
Indofood Sukses Makmur Tbk. PT
|
95,061
|
|
|
|
|
|
192,443
|
|
|
Ireland - 0.1%
|
||
|
429
|
Accenture PLC Class A
|
114,586
|
|
|
|
Italy - 0.5%
|
||
|
9,006
|
Enel SpA
|
79,417
|
|
|
3,350
|
Eni SpA
|
57,176
|
|
|
88
|
Ferrari NV
|
38,589
|
|
|
4,330
|
FinecoBank Banca Fineco SpA
|
92,203
|
|
|
57,872
|
Intesa Sanpaolo SpA
|
348,694
|
|
|
|
|
|
616,079
|
|
|
Japan - 2.6%
|
||
|
4,000
|
Astellas Pharma, Inc.
|
41,474
|
|
|
1,300
|
Bridgestone Corp.
|
52,585
|
|
|
2,200
|
Daiichi Sankyo Co. Ltd.
|
53,970
|
|
|
300
|
Daikin Industries Ltd.
|
36,887
|
|
|
1,900
|
FANUC Corp.
|
52,890
|
|
|
200
|
Fast Retailing Co. Ltd.
|
61,006
|
|
|
2,400
|
Hankyu Hanshin Holdings, Inc.
|
62,548
|
|
|
9,400
|
Hitachi Ltd.
|
287,646
|
|
|
7,200
|
Honda Motor Co. Ltd.
|
74,541
|
|
|
400
|
Hoya Corp.
|
50,465
|
|
|
1,800
|
ITOCHU Corp.
|
94,415
|
|
|
1,700
|
Kao Corp.
|
76,494
|
|
|
3,400
|
KDDI Corp.
|
55,799
|
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
Japan - 2.6% - (continued)
|
||
|
300
|
Keyence Corp.
|
$108,519
|
|
|
4,500
|
Kirin Holdings Co. Ltd.
|
59,300
|
|
|
4,900
|
Mitsubishi Corp.
|
96,645
|
|
|
9,900
|
Mitsubishi HC Capital, Inc.
|
73,177
|
|
|
4,800
|
Mitsubishi Heavy Industries Ltd.
|
114,607
|
|
|
16,600
|
Mitsubishi UFJ Financial Group, Inc.
|
228,794
|
|
|
3,900
|
Mitsui & Co. Ltd.
|
79,391
|
|
|
3,000
|
Murata Manufacturing Co. Ltd.
|
44,652
|
|
|
2,000
|
NIDEC Corp.
|
38,373
|
|
|
1,300
|
Nintendo Co. Ltd.
|
108,653
|
|
|
46,700
|
NTT, Inc.
|
47,161
|
|
|
3,600
|
ORIX Corp.
|
80,867
|
|
|
1,800
|
Otsuka Holdings Co. Ltd.
|
85,697
|
|
|
3,700
|
Recruit Holdings Co. Ltd.
|
219,525
|
|
|
4,600
|
Seven & i Holdings Co. Ltd.
|
60,643
|
|
|
300
|
Shimano, Inc.
|
32,819
|
|
|
2,300
|
Shin-Etsu Chemical Co. Ltd.
|
66,187
|
|
|
100
|
SMC Corp.
|
34,797
|
|
|
1,900
|
SoftBank Group Corp.
|
145,082
|
|
|
10,000
|
Sony Group Corp.
|
240,533
|
|
|
5,700
|
Sumitomo Mitsui Financial Group, Inc.
|
143,792
|
|
|
2,800
|
Takeda Pharmaceutical Co. Ltd.
|
76,915
|
|
|
2,900
|
Tokio Marine Holdings, Inc.
|
116,443
|
|
|
400
|
Tokyo Electron Ltd.
|
63,591
|
|
|
8,200
|
Toyota Motor Corp.
|
145,858
|
|
|
|
|
|
3,512,741
|
|
|
Jersey - 0.0%
|
||
|
694
|
Aptiv PLC*
|
47,636
|
|
|
|
Malaysia - 0.1%
|
||
|
10,100
|
Hong Leong Bank Bhd.
|
44,901
|
|
|
1,000
|
Nestle Malaysia Bhd.
|
20,624
|
|
|
27,000
|
Public Bank Bhd.
|
26,591
|
|
|
21,600
|
RHB Bank Bhd.
|
31,011
|
|
|
|
|
|
123,127
|
|
|
Mexico - 0.1%
|
||
|
46,764
|
America Movil SAB de CV Series B
|
42,290
|
|
|
14,485
|
Grupo Mexico SAB de CV Series B
|
90,365
|
|
|
14,368
|
Wal-Mart de Mexico SAB de CV
|
42,346
|
|
|
|
|
|
175,001
|
|
|
Netherlands - 0.5%
|
||
|
120
|
Argenx SE*
|
81,399
|
|
|
505
|
ASML Holding NV
|
350,002
|
|
|
1,108
|
Heineken NV
|
86,969
|
|
|
4,659
|
ING Groep NV
|
108,580
|
|
|
305
|
NXP Semiconductors NV
|
65,200
|
|
|
|
|
|
692,150
|
|
|
Norway - 0.2%
|
||
|
1,839
|
DNB Bank ASA
|
46,526
|
|
|
6,067
|
Equinor ASA
|
155,847
|
|
|
|
|
|
202,373
|
|
|
Philippines - 0.0%
|
||
|
3,630
|
SM Investments Corp.
|
50,779
|
|
|
|
Singapore - 0.4%
|
||
|
8,210
|
DBS Group Holdings Ltd.
|
301,344
|
|
|
15,400
|
Keppel Ltd.
|
100,051
|
|
|
269
|
Sea Ltd. ADR*
|
42,139
|
|
|
1,300
|
STMicroelectronics NV
|
33,038
|
|
|
|
|
|
476,572
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
South Africa - 0.2%
|
||
|
2,362
|
Anglo American PLC
|
$66,462
|
|
|
17,461
|
FirstRand Ltd.
|
74,149
|
|
|
7,972
|
Remgro Ltd.
|
72,631
|
|
|
303
|
Valterra Platinum Ltd.(1)
|
13,526
|
|
|
|
|
|
226,768
|
|
|
South Korea - 0.7%
|
||
|
77
|
Alteogen, Inc.*
|
24,839
|
|
|
213
|
Hanwha Aerospace Co. Ltd.
|
151,965
|
|
|
1,616
|
KB Financial Group, Inc. ADR
|
127,906
|
|
|
1,204
|
Kia Corp.
|
88,098
|
|
|
402
|
POSCO Holdings, Inc. ADR
|
21,965
|
|
|
290
|
Samsung Electronics Co. Ltd. GDR(3)
|
364,530
|
|
|
2,404
|
Shinhan Financial Group Co. Ltd. ADR
|
117,075
|
|
|
|
|
|
896,378
|
|
|
Spain - 0.6%
|
||
|
18,105
|
Banco Bilbao Vizcaya Argentaria SA
|
301,960
|
|
|
20,408
|
Banco Santander SA
|
175,321
|
|
|
13,530
|
Iberdrola SA
|
237,807
|
|
|
712
|
Industria de Diseno Textil SA
|
34,010
|
|
|
|
|
|
749,098
|
|
|
Sweden - 0.2%
|
||
|
6,447
|
Atlas Copco AB Class A
|
98,177
|
|
|
5,080
|
Investor AB Class B
|
147,216
|
|
|
1,540
|
Volvo AB Class B
|
44,229
|
|
|
|
|
|
289,622
|
|
|
Switzerland - 0.9%
|
||
|
2,368
|
ABB Ltd.
|
154,626
|
|
|
545
|
Baloise Holding AG
|
130,617
|
|
|
4
|
Chocoladefabriken Lindt & Spruengli AG
|
58,842
|
|
|
901
|
Cie Financiere Richemont SA Class A
|
147,112
|
|
|
143
|
Geberit AG
|
109,552
|
|
|
12
|
Givaudan SA
|
50,164
|
|
|
100
|
Lonza Group AG*
|
69,697
|
|
|
46
|
Partners Group Holding AG
|
61,838
|
|
|
546
|
Sika AG
|
128,845
|
|
|
485
|
TE Connectivity PLC
|
99,789
|
|
|
3,332
|
UBS Group AG
|
123,830
|
|
|
80
|
Zurich Insurance Group AG
|
54,569
|
|
|
|
|
|
1,189,481
|
|
|
Taiwan - 1.1%
|
||
|
3,751
|
Chunghwa Telecom Co. Ltd. ADR
|
162,794
|
|
|
8,882
|
Hon Hai Precision Industry Co. Ltd. GDR(3)
|
103,475
|
|
|
13,000
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
500,490
|
|
|
2,931
|
Taiwan Semiconductor Manufacturing Co. Ltd.
ADR
|
708,188
|
|
|
10,417
|
United Microelectronics Corp. ADR
|
71,252
|
|
|
|
|
|
1,546,199
|
|
|
Thailand - 0.0%
|
||
|
32,700
|
Airports of Thailand PCL NVDR
|
40,864
|
|
|
|
United Kingdom - 1.8%
|
||
|
1,893
|
AstraZeneca PLC
|
276,173
|
|
|
7,312
|
BAE Systems PLC
|
174,469
|
|
|
30,463
|
Barclays PLC
|
148,904
|
|
|
9,500
|
CK Hutchison Holdings Ltd.
|
61,835
|
|
|
2,279
|
Compass Group PLC
|
80,083
|
|
|
3,573
|
Diageo PLC
|
86,601
|
|
|
508
|
Flutter Entertainment PLC*
|
153,548
|
|
|
33,106
|
HSBC Holdings PLC
|
403,196
|
|
|
185,174
|
Lloyds Banking Group PLC
|
189,886
|
|
|
371
|
London Stock Exchange Group PLC
|
45,223
|
|
|
|
14
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
United Kingdom - 1.8% - (continued)
|
||
|
4,046
|
National Grid PLC
|
$56,855
|
|
|
288
|
Next PLC
|
46,748
|
|
|
651
|
Reckitt Benckiser Group PLC
|
48,790
|
|
|
4,206
|
RELX PLC
|
218,548
|
|
|
2,194
|
Severn Trent PLC
|
76,938
|
|
|
4,801
|
Standard Chartered PLC
|
86,067
|
|
|
16,264
|
Tesco PLC
|
91,378
|
|
|
3,160
|
Unilever PLC
|
183,344
|
|
|
30,148
|
Vodafone Group PLC
|
32,686
|
|
|
|
|
|
2,461,272
|
|
|
United States - 37.4%
|
||
|
494
|
3M Co.
|
73,715
|
|
|
1,182
|
Abbott Laboratories
|
149,157
|
|
|
1,589
|
AbbVie, Inc.
|
300,353
|
|
|
309
|
Adobe, Inc.*
|
110,526
|
|
|
1,811
|
Advanced Micro Devices, Inc.*
|
319,297
|
|
|
797
|
Aflac, Inc.
|
79,190
|
|
|
321
|
Agilent Technologies, Inc.
|
36,854
|
|
|
193
|
Air Products & Chemicals, Inc.
|
55,561
|
|
|
435
|
Airbnb, Inc. Class A*
|
57,598
|
|
|
994
|
Alcon AG
|
87,142
|
|
|
7,723
|
Alphabet, Inc. Class A
|
1,482,044
|
|
|
3,302
|
Alphabet, Inc. Class C
|
636,824
|
|
|
8,083
|
Amazon.com, Inc.*
|
1,892,311
|
|
|
3,158
|
Amcor PLC
|
29,527
|
|
|
358
|
American Electric Power Co., Inc.
|
40,504
|
|
|
904
|
American Express Co.
|
270,576
|
|
|
1,220
|
American International Group, Inc.
|
94,709
|
|
|
286
|
American Tower Corp. REIT
|
59,600
|
|
|
293
|
American Water Works Co., Inc.
|
41,090
|
|
|
183
|
Ameriprise Financial, Inc.
|
94,829
|
|
|
431
|
AMETEK, Inc.
|
79,670
|
|
|
366
|
Amgen, Inc.
|
108,007
|
|
|
1,752
|
Amphenol Corp. Class A
|
186,605
|
|
|
325
|
Analog Devices, Inc.
|
73,005
|
|
|
133
|
Aon PLC Class A
|
47,309
|
|
|
11,495
|
Apple, Inc.
|
2,386,017
|
|
|
578
|
Applied Materials, Inc.
|
104,075
|
|
|
209
|
AppLovin Corp. Class A*
|
81,656
|
|
|
787
|
Archer-Daniels-Midland Co.
|
42,640
|
|
|
2,069
|
Arista Networks, Inc.*
|
254,942
|
|
|
833
|
ARM Holdings PLC ADR*(1)
|
117,765
|
|
|
266
|
Arthur J Gallagher & Co.
|
76,408
|
|
|
4,459
|
AT&T, Inc.
|
122,221
|
|
|
662
|
Atmos Energy Corp.
|
103,219
|
|
|
216
|
Autodesk, Inc.*
|
65,472
|
|
|
351
|
Automatic Data Processing, Inc.
|
108,634
|
|
|
23
|
AutoZone, Inc.*
|
86,673
|
|
|
735
|
Ball Corp.
|
42,086
|
|
|
4,388
|
Bank of America Corp.
|
207,421
|
|
|
214
|
Becton Dickinson & Co.
|
38,145
|
|
|
793
|
Berkshire Hathaway, Inc. Class B*
|
374,201
|
|
|
87
|
Biogen, Inc.*
|
11,136
|
|
|
235
|
Blackrock, Inc.
|
259,912
|
|
|
587
|
Blackstone, Inc.
|
101,528
|
|
|
686
|
Block, Inc.*
|
53,000
|
|
|
483
|
Boeing Co.*
|
107,149
|
|
|
68
|
Booking Holdings, Inc.
|
374,276
|
|
|
2,545
|
Boston Scientific Corp.*
|
267,021
|
|
|
15,256
|
BP PLC
|
81,776
|
|
|
3,675
|
Bristol-Myers Squibb Co.
|
159,164
|
|
|
4,307
|
Broadcom, Inc.
|
1,264,966
|
|
|
449
|
Cadence Design Systems, Inc.*
|
163,692
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
United States - 37.4% - (continued)
|
||
|
927
|
Capital One Financial Corp.
|
$199,305
|
|
|
1,841
|
Carrier Global Corp.
|
126,329
|
|
|
349
|
Caterpillar, Inc.
|
152,869
|
|
|
621
|
CBRE Group, Inc. Class A*
|
96,715
|
|
|
839
|
Centene Corp.*
|
21,873
|
|
|
1,547
|
CenterPoint Energy, Inc.
|
60,055
|
|
|
1,196
|
Charles Schwab Corp.
|
116,885
|
|
|
113
|
Charter Communications, Inc. Class A*
|
30,438
|
|
|
319
|
Cheniere Energy, Inc.
|
75,246
|
|
|
1,142
|
Chevron Corp.
|
173,173
|
|
|
1,544
|
Chipotle Mexican Grill, Inc.*
|
66,207
|
|
|
681
|
Chubb Ltd.
|
181,173
|
|
|
282
|
Cigna Group
|
75,401
|
|
|
402
|
Cintas Corp.
|
89,465
|
|
|
2,752
|
Cisco Systems, Inc.
|
187,356
|
|
|
1,367
|
Citigroup, Inc.
|
128,088
|
|
|
213
|
CME Group, Inc.
|
59,274
|
|
|
4,610
|
Coca-Cola Co.
|
312,973
|
|
|
877
|
Cognizant Technology Solutions Corp. Class A
|
62,934
|
|
|
577
|
Colgate-Palmolive Co.
|
48,381
|
|
|
3,154
|
Comcast Corp. Class A
|
104,807
|
|
|
2,187
|
ConocoPhillips
|
208,509
|
|
|
498
|
Consolidated Edison, Inc.
|
51,543
|
|
|
251
|
Constellation Energy Corp.
|
87,308
|
|
|
2,007
|
Copart, Inc.*
|
90,977
|
|
|
1,018
|
Corteva, Inc.
|
73,428
|
|
|
592
|
CoStar Group, Inc.*
|
56,352
|
|
|
337
|
Costco Wholesale Corp.
|
316,659
|
|
|
4,480
|
Coterra Energy, Inc.
|
109,267
|
|
|
325
|
Crowdstrike Holdings, Inc. Class A*
|
147,735
|
|
|
583
|
Crown Castle, Inc. REIT
|
61,267
|
|
|
511
|
CSL Ltd.
|
88,395
|
|
|
1,916
|
CSX Corp.
|
68,095
|
|
|
1,191
|
CVS Health Corp.
|
73,961
|
|
|
468
|
Danaher Corp.
|
92,271
|
|
|
410
|
Darden Restaurants, Inc.
|
82,685
|
|
|
310
|
Deere & Co.
|
162,555
|
|
|
850
|
Devon Energy Corp.
|
28,237
|
|
|
477
|
Dexcom, Inc.*
|
38,527
|
|
|
247
|
Dollar Tree, Inc.*
|
28,047
|
|
|
482
|
Dominion Energy, Inc.
|
28,173
|
|
|
1,114
|
Dow, Inc.
|
25,945
|
|
|
542
|
DR Horton, Inc.
|
77,419
|
|
|
472
|
Duke Energy Corp.
|
57,414
|
|
|
616
|
DuPont de Nemours, Inc.
|
44,290
|
|
|
315
|
Eaton Corp. PLC
|
121,187
|
|
|
857
|
eBay, Inc.
|
78,630
|
|
|
531
|
Ecolab, Inc.
|
138,995
|
|
|
1,202
|
Edwards Lifesciences Corp.*
|
95,331
|
|
|
194
|
Elevance Health, Inc.
|
54,918
|
|
|
757
|
Eli Lilly & Co.
|
560,233
|
|
|
1,070
|
Emerson Electric Co.
|
155,696
|
|
|
491
|
EOG Resources, Inc.
|
58,930
|
|
|
90
|
Equinix, Inc. REIT
|
70,665
|
|
|
253
|
Essex Property Trust, Inc. REIT
|
65,826
|
|
|
336
|
Estee Lauder Cos., Inc. Class A
|
31,362
|
|
|
818
|
Evergy, Inc.
|
57,914
|
|
|
986
|
Exelon Corp.
|
44,311
|
|
|
1,279
|
Experian PLC
|
67,391
|
|
|
2,878
|
Exxon Mobil Corp.
|
321,300
|
|
|
245
|
FedEx Corp.
|
54,755
|
|
|
883
|
Fidelity National Information Services, Inc.
|
70,119
|
|
|
228
|
First Solar, Inc.*
|
39,838
|
|
|
662
|
Fiserv, Inc.*
|
91,978
|
|
|
|
15
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
United States - 37.4% - (continued)
|
||
|
4,745
|
Ford Motor Co.
|
$52,527
|
|
|
1,917
|
Fortinet, Inc.*
|
191,508
|
|
|
4,956
|
Freeport-McMoRan, Inc.
|
199,429
|
|
|
162
|
Gartner, Inc.*
|
54,861
|
|
|
335
|
GE HealthCare Technologies, Inc.
|
23,892
|
|
|
480
|
GE Vernova, Inc.
|
316,939
|
|
|
218
|
General Dynamics Corp.
|
67,931
|
|
|
1,447
|
General Electric Co.
|
392,253
|
|
|
793
|
General Mills, Inc.
|
38,841
|
|
|
1,966
|
General Motors Co.
|
104,866
|
|
|
1,006
|
Gilead Sciences, Inc.
|
112,964
|
|
|
310
|
Global Payments, Inc.
|
24,784
|
|
|
217
|
Goldman Sachs Group, Inc.
|
157,019
|
|
|
3,635
|
GSK PLC
|
66,862
|
|
|
22,485
|
Haleon PLC
|
105,470
|
|
|
1,207
|
Halliburton Co.
|
27,037
|
|
|
343
|
HCA Healthcare, Inc.
|
121,419
|
|
|
275
|
Hershey Co.
|
51,186
|
|
|
367
|
Hilton Worldwide Holdings, Inc.
|
98,385
|
|
|
631
|
Home Depot, Inc.
|
231,899
|
|
|
424
|
Honeywell International, Inc.
|
94,276
|
|
|
674
|
Howmet Aerospace, Inc.
|
121,165
|
|
|
1,813
|
HP, Inc.
|
44,962
|
|
|
122
|
Humana, Inc.
|
30,484
|
|
|
219
|
IDEXX Laboratories, Inc.*
|
117,014
|
|
|
239
|
Illinois Tool Works, Inc.
|
61,177
|
|
|
269
|
Illumina, Inc.*
|
27,629
|
|
|
3,119
|
Intel Corp.
|
61,756
|
|
|
543
|
Intercontinental Exchange, Inc.
|
100,363
|
|
|
588
|
International Business Machines Corp.
|
148,852
|
|
|
487
|
International Flavors & Fragrances, Inc.
|
34,592
|
|
|
366
|
Intuit, Inc.
|
287,358
|
|
|
393
|
Intuitive Surgical, Inc.*
|
189,068
|
|
|
2,169
|
Invitation Homes, Inc. REIT
|
66,480
|
|
|
231
|
IQVIA Holdings, Inc.*
|
42,934
|
|
|
1,416
|
Johnson & Johnson
|
233,272
|
|
|
775
|
Johnson Controls International PLC
|
81,375
|
|
|
3,080
|
JP Morgan Chase & Co.
|
912,419
|
|
|
304
|
Keysight Technologies, Inc.*
|
49,829
|
|
|
351
|
Kimberly-Clark Corp.
|
43,742
|
|
|
1,604
|
Kinder Morgan, Inc.
|
45,008
|
|
|
1,059
|
KKR & Co., Inc.
|
155,228
|
|
|
195
|
KLA Corp.
|
171,411
|
|
|
229
|
L3Harris Technologies, Inc.
|
62,934
|
|
|
1,090
|
Lam Research Corp.
|
103,376
|
|
|
522
|
Lennar Corp. Class A
|
58,558
|
|
|
668
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
67,034
|
|
|
538
|
Linde PLC
|
247,620
|
|
|
548
|
Live Nation Entertainment, Inc.*
|
80,940
|
|
|
437
|
Lowe's Cos., Inc.
|
97,700
|
|
|
114
|
Lululemon Athletica, Inc.*
|
22,860
|
|
|
561
|
LyondellBasell Industries NV Class A
|
32,499
|
|
|
436
|
Marathon Petroleum Corp.
|
74,203
|
|
|
288
|
Marsh & McLennan Cos., Inc.
|
57,370
|
|
|
155
|
Martin Marietta Materials, Inc.
|
89,106
|
|
|
931
|
Marvell Technology, Inc.
|
74,824
|
|
|
504
|
Mastercard, Inc. Class A
|
285,501
|
|
|
437
|
McDonald's Corp.
|
131,131
|
|
|
161
|
McKesson Corp.
|
111,660
|
|
|
953
|
Medtronic PLC
|
85,999
|
|
|
1,584
|
Merck & Co., Inc.
|
123,742
|
|
|
2,254
|
Meta Platforms, Inc. Class A
|
1,743,334
|
|
|
440
|
MetLife, Inc.
|
33,418
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
United States - 37.4% - (continued)
|
||
|
575
|
Microchip Technology, Inc.
|
$38,864
|
|
|
817
|
Micron Technology, Inc.
|
89,167
|
|
|
6,248
|
Microsoft Corp.
|
3,333,308
|
|
|
1,588
|
Mondelez International, Inc. Class A
|
102,728
|
|
|
1,790
|
Monster Beverage Corp.*
|
105,162
|
|
|
290
|
Moody's Corp.
|
149,562
|
|
|
1,965
|
Morgan Stanley
|
279,934
|
|
|
342
|
Motorola Solutions, Inc.
|
150,131
|
|
|
86
|
MSCI, Inc.
|
48,277
|
|
|
2,352
|
Nestle SA
|
205,511
|
|
|
552
|
Netflix, Inc.*
|
639,989
|
|
|
2,884
|
News Corp. Class A
|
84,559
|
|
|
3,247
|
NextEra Energy, Inc.
|
230,732
|
|
|
983
|
NIKE, Inc. Class B
|
73,420
|
|
|
255
|
Norfolk Southern Corp.
|
70,890
|
|
|
128
|
Northrop Grumman Corp.
|
73,806
|
|
|
2,475
|
Novartis AG
|
281,870
|
|
|
323
|
Nucor Corp.
|
46,212
|
|
|
21,599
|
NVIDIA Corp.
|
3,841,814
|
|
|
726
|
Occidental Petroleum Corp.
|
31,900
|
|
|
896
|
ONEOK, Inc.
|
73,571
|
|
|
1,678
|
Oracle Corp.
|
425,826
|
|
|
2,085
|
O'Reilly Automotive, Inc.*
|
204,997
|
|
|
642
|
Otis Worldwide Corp.
|
55,013
|
|
|
637
|
PACCAR, Inc.
|
62,910
|
|
|
1,747
|
Palantir Technologies, Inc. Class A*
|
276,637
|
|
|
582
|
Palo Alto Networks, Inc.*
|
101,035
|
|
|
354
|
Parker-Hannifin Corp.
|
259,093
|
|
|
373
|
Paychex, Inc.
|
53,835
|
|
|
649
|
PayPal Holdings, Inc.*
|
44,625
|
|
|
1,005
|
PepsiCo, Inc.
|
138,610
|
|
|
3,459
|
Pfizer, Inc.
|
80,560
|
|
|
419
|
Phillips 66
|
51,780
|
|
|
848
|
PNC Financial Services Group, Inc.
|
161,349
|
|
|
348
|
PPG Industries, Inc.
|
36,714
|
|
|
2,535
|
Procter & Gamble Co.
|
381,441
|
|
|
466
|
Progressive Corp.
|
112,791
|
|
|
708
|
Prologis, Inc. REIT
|
75,600
|
|
|
305
|
Prudential Financial, Inc.
|
31,592
|
|
|
686
|
Public Service Enterprise Group, Inc.
|
61,596
|
|
|
192
|
Public Storage REIT
|
52,212
|
|
|
690
|
QUALCOMM, Inc.
|
101,264
|
|
|
89
|
Regeneron Pharmaceuticals, Inc.
|
48,546
|
|
|
233
|
ResMed, Inc.
|
63,362
|
|
|
858
|
Roche Holding AG
|
267,759
|
|
|
154
|
Roper Technologies, Inc.
|
84,762
|
|
|
371
|
Ross Stores, Inc.
|
50,656
|
|
|
946
|
RTX Corp.
|
149,061
|
|
|
204
|
S&P Global, Inc.
|
112,424
|
|
|
905
|
Salesforce, Inc.
|
233,789
|
|
|
854
|
Sanofi SA
|
76,664
|
|
|
179
|
SBA Communications Corp. REIT
|
40,225
|
|
|
1,161
|
Schlumberger NV
|
39,242
|
|
|
1,079
|
Schneider Electric SE
|
279,238
|
|
|
644
|
Sempra
|
52,602
|
|
|
188
|
ServiceNow, Inc.*
|
177,307
|
|
|
746
|
SharkNinja, Inc.*
|
86,611
|
|
|
8,066
|
Shell PLC
|
290,191
|
|
|
335
|
Sherwin-Williams Co.
|
110,845
|
|
|
764
|
Simon Property Group, Inc. REIT
|
125,136
|
|
|
399
|
Snowflake, Inc. Class A*
|
89,176
|
|
|
136
|
Solventum Corp.*
|
9,705
|
|
|
732
|
Southern Co.
|
69,159
|
|
|
279
|
Spotify Technology SA*
|
174,805
|
|
|
904
|
Starbucks Corp.
|
80,601
|
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 55.5% - (continued)
|
|||
|
|
United States - 37.4% - (continued)
|
||
|
3,247
|
Stellantis NV
|
$28,655
|
|
|
462
|
Stryker Corp.
|
181,441
|
|
|
231
|
Synopsys, Inc.*
|
146,332
|
|
|
921
|
Sysco Corp.
|
73,312
|
|
|
472
|
T. Rowe Price Group, Inc.
|
47,884
|
|
|
625
|
Tapestry, Inc.
|
67,519
|
|
|
652
|
Targa Resources Corp.
|
108,499
|
|
|
386
|
Target Corp.
|
38,793
|
|
|
159
|
Teledyne Technologies, Inc.*
|
87,612
|
|
|
1,977
|
Tesla, Inc.*
|
609,450
|
|
|
1,095
|
Texas Instruments, Inc.
|
198,261
|
|
|
480
|
Thermo Fisher Scientific, Inc.
|
224,486
|
|
|
1,041
|
TJX Cos., Inc.
|
129,636
|
|
|
784
|
T-Mobile U.S., Inc.
|
186,913
|
|
|
547
|
Trade Desk, Inc. Class A*
|
47,567
|
|
|
309
|
Trane Technologies PLC
|
135,367
|
|
|
69
|
TransDigm Group, Inc.
|
110,984
|
|
|
1,033
|
Trimble, Inc.*
|
86,658
|
|
|
1,961
|
U.S. Bancorp
|
88,167
|
|
|
2,439
|
Uber Technologies, Inc.*
|
214,022
|
|
|
373
|
Union Pacific Corp.
|
82,795
|
|
|
528
|
United Parcel Service, Inc. Class B
|
45,492
|
|
|
760
|
UnitedHealth Group, Inc.
|
189,666
|
|
|
353
|
Valero Energy Corp.
|
48,470
|
|
|
229
|
Veeva Systems, Inc. Class A*
|
65,082
|
|
|
1,297
|
Ventas, Inc. REIT
|
87,132
|
|
|
505
|
VeriSign, Inc.
|
135,779
|
|
|
267
|
Verisk Analytics, Inc.
|
74,416
|
|
|
2,677
|
Verizon Communications, Inc.
|
114,468
|
|
|
236
|
Vertex Pharmaceuticals, Inc.*
|
107,821
|
|
|
488
|
Vertiv Holdings Co. Class A
|
71,053
|
|
|
1,682
|
Visa, Inc. Class A
|
581,081
|
|
|
151
|
Vistra Corp.
|
31,490
|
|
|
474
|
Vulcan Materials Co.
|
130,194
|
|
|
3,392
|
Walmart, Inc.
|
332,348
|
|
|
2,031
|
Walt Disney Co.
|
241,912
|
|
|
3,656
|
Warner Bros Discovery, Inc.*
|
48,150
|
|
|
593
|
Waste Connections, Inc.
|
110,695
|
|
|
238
|
Waste Management, Inc.
|
54,540
|
|
|
471
|
WEC Energy Group, Inc.
|
51,377
|
|
|
2,352
|
Wells Fargo & Co.
|
189,642
|
|
|
1,157
|
Williams Cos., Inc.
|
69,362
|
|
|
284
|
Workday, Inc. Class A*
|
65,144
|
|
|
558
|
Xcel Energy, Inc.
|
40,980
|
|
|
349
|
Yum! Brands, Inc.
|
50,308
|
|
|
418
|
Zoetis, Inc.
|
60,940
|
|
|
|
|
|
50,577,506
|
|
|
Total Common Stocks
(cost $60,681,356)
|
|
$75,065,755
|
|
EXCHANGE-TRADED FUNDS - 15.2%
|
|||
|
|
Other Investment Pools & Funds - 15.2%
|
||
|
82,565
|
iShares iBoxx $ High Yield Corporate Bond
ETF(1)
|
$6,636,575
|
|
|
87,082
|
iShares iBoxx $ Investment Grade Corporate
Bond ETF(1)
|
9,501,517
|
|
|
19,803
|
SPDR Bloomberg High Yield Bond ETF
|
1,918,712
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
EXCHANGE-TRADED FUNDS - 15.2% - (continued)
|
|||
|
|
Other Investment Pools & Funds - 15.2% - (continued)
|
||
|
99,430
|
VanEck J. P. Morgan EM Local Currency Bond
ETF
|
$2,472,824
|
|
|
|
Total Exchange-Traded Funds
(cost $19,560,213)
|
|
$20,529,628
|
|
PREFERRED STOCKS - 0.1%
|
|||
|
|
Brazil - 0.1%
|
||
|
80,979
|
Itausa SA (Preference Shares)(4)
|
$149,679
|
|
|
|
Total Preferred Stocks
(cost $129,955)
|
|
$149,679
|
|
|
Total Long-Term Investments
(cost $93,434,711)
|
|
$108,917,606
|
|
SHORT-TERM INVESTMENTS - 25.2%
|
|||
|
|
Securities Lending Collateral - 12.3%
|
||
|
16,611,116
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
4.26%(5)
|
$16,611,116
|
|
|
|
U.S. Treasury Securities - 12.9%
|
||
|
|
U.S. Treasury Bills - 12.9%
|
||
|
$ 5,950,000
|
4.18%, 09/25/2025(6)
|
5,911,807
|
|
|
7,000,000
|
4.20%, 11/06/2025(6)
|
6,920,525
|
|
|
4,700,000
|
4.23%, 10/21/2025(6)
|
4,655,129
|
|
|
|
|
|
17,487,461
|
|
|
Total Short-Term Investments
(cost $34,099,410)
|
$34,098,577
|
|
|
|
Total Investments
(cost $127,534,121)
|
105.8
%
|
$143,016,183
|
|
|
Other Assets and Liabilities
|
(5.8
)%
|
(7,796,666
)
|
|
|
Net Assets
|
100.0
%
|
$135,219,517
|
|
|
17
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(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 July 31, 2025, the aggregate value of these securities was
$493,303, representing 0.4% of net assets.
|
|
(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 July 31, 2025, the aggregate value
of these securities was $793,591, representing 0.6% of net assets.
|
|
(4)
|
Currently no rate available.
|
|
(5)
|
Current yield as of period end.
|
|
(6)
|
The rate shown represents current yield to maturity.
|
|
Futures Contracts Outstanding at July 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Euro-BUND Future
|
36
|
09/08/2025
|
$5,328,489
|
$(60,843
)
|
|
HKG Hang Seng Tech Index Future
|
40
|
08/28/2025
|
1,389,299
|
(60,652
)
|
|
MSCI All Country World Index Future
|
133
|
09/19/2025
|
6,832,875
|
83,501
|
|
NYSE FANG & Index Future
|
55
|
09/19/2025
|
4,216,080
|
79,650
|
|
TOPIX Future
|
7
|
09/11/2025
|
1,368,899
|
2,865
|
|
U.S. Treasury 5-Year Note Future
|
195
|
09/30/2025
|
21,093,516
|
72,747
|
|
Total
|
|
|
|
$117,268
|
|
Short position contracts:
|
||||
|
S&P 500 (E-Mini) Future
|
(17)
|
09/19/2025
|
$(5,418,112
)
|
$(173,755
)
|
|
U.S. Treasury 10-Year Ultra Future
|
(46)
|
09/19/2025
|
(5,201,594
)
|
(52,220
)
|
|
Total
|
|
|
|
$(225,975
)
|
|
Total futures contracts
|
$(108,707
)
|
|||
|
OTC Total Return Swap Contracts Outstanding at July 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 Precious Metals Subindex
|
GSC
|
USD
|
6,045
|
(0.07%
)
|
09/26/2025
|
Monthly
|
$—
|
$—
|
$(103,759
)
|
$(103,759
)
|
|
Bloomberg Precious Metals Subindex
|
GSC
|
USD
|
12,155
|
(0.07%
)
|
09/26/2025
|
Monthly
|
—
|
—
|
14,028
|
14,028
|
|
Total OTC total return swap contracts
|
$—
|
$—
|
$(89,731
)
|
$(89,731
)
|
||||||
|
Centrally Cleared Credit Default Swap Contracts Outstanding at July 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.S44.V1
|
USD
|
5,950,000
|
(1.00%)
|
06/20/2030
|
Quarterly
|
$—
|
$(112,432
)
|
$(136,227
)
|
$(23,795
)
|
|
Total centrally cleared credit default swap contracts
|
$—
|
$(112,432
)
|
$(136,227
)
|
$(23,795
)
|
|||||
|
(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 July 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
1,492,352
|
AUD
|
987,396
|
USD
|
BCLY
|
08/27/2025
|
$(27,847
)
|
|
1,633,648
|
AUD
|
1,081,674
|
USD
|
GSC
|
08/27/2025
|
(31,275
)
|
|
|
18
|
|
|
Foreign Currency Contracts Outstanding at July 31, 2025 – (continued)
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
14,780,000
|
BRL
|
2,633,882
|
USD
|
BNP
|
08/04/2025
|
$2,925
|
|
14,780,000
|
BRL
|
2,647,180
|
USD
|
MSC
|
09/03/2025
|
(31,084
)
|
|
2,328,000
|
EUR
|
2,729,135
|
USD
|
BCLY
|
08/27/2025
|
(67,510
)
|
|
9,732,000
|
EUR
|
11,347,891
|
USD
|
GSC
|
08/27/2025
|
(221,204
)
|
|
2,941,000
|
GBP
|
3,951,625
|
USD
|
UBS
|
08/27/2025
|
(66,546
)
|
|
99,603,500
|
JPY
|
683,130
|
USD
|
UBS
|
08/27/2025
|
(20,573
)
|
|
99,603,500
|
JPY
|
683,194
|
USD
|
MSC
|
08/27/2025
|
(20,636
)
|
|
2,836,368,000
|
KRW
|
2,056,683
|
USD
|
MSC
|
08/20/2025
|
(9,140
)
|
|
115,000
|
NZD
|
68,591
|
USD
|
UBS
|
08/27/2025
|
(778
)
|
|
23,541,000
|
ZAR
|
1,323,480
|
USD
|
UBS
|
08/27/2025
|
(33,650
)
|
|
746,069
|
USD
|
1,146,000
|
AUD
|
UBS
|
08/27/2025
|
9,217
|
|
2,667,340
|
USD
|
14,780,000
|
BRL
|
MSC
|
08/04/2025
|
30,533
|
|
2,060,056
|
USD
|
2,800,000
|
CAD
|
BCLY
|
08/27/2025
|
36,436
|
|
1,766,769
|
USD
|
2,423,000
|
CAD
|
UBS
|
08/27/2025
|
15,614
|
|
2,110,627
|
USD
|
1,685,000
|
CHF
|
MSC
|
08/27/2025
|
28,872
|
|
2,042,103
|
USD
|
14,604,000
|
CNY
|
UBS
|
08/27/2025
|
7,465
|
|
133,136
|
USD
|
852,000
|
DKK
|
BCLY
|
08/27/2025
|
2,599
|
|
7,005,562
|
USD
|
6,008,000
|
EUR
|
GSC
|
08/27/2025
|
136,559
|
|
1,356,681
|
USD
|
1,186,000
|
EUR
|
HSBC
|
08/27/2025
|
716
|
|
2,707,421
|
USD
|
2,015,000
|
GBP
|
UBS
|
08/27/2025
|
45,593
|
|
313,574
|
USD
|
233,000
|
GBP
|
BCLY
|
08/27/2025
|
5,780
|
|
2,978,264
|
USD
|
23,286,000
|
HKD
|
GSC
|
08/27/2025
|
4,003
|
|
3,666,983
|
USD
|
542,646,000
|
JPY
|
GSC
|
08/27/2025
|
57,328
|
|
260,785
|
USD
|
2,524,000
|
SEK
|
BCLY
|
08/27/2025
|
2,489
|
|
302,959
|
USD
|
388,000
|
SGD
|
MSC
|
08/27/2025
|
3,485
|
|
1,338,193
|
USD
|
23,541,000
|
ZAR
|
GSC
|
08/27/2025
|
48,363
|
|
Total foreign currency contracts
|
$(92,266
)
|
|||||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
U.S. Government Agencies
|
$13,172,544
|
$—
|
$13,172,544
|
$—
|
|
Common Stocks
|
75,065,755
|
54,379,707
|
20,686,048
|
—
|
|
Exchange-Traded Funds
|
20,529,628
|
20,529,628
|
—
|
—
|
|
Preferred Stocks
|
149,679
|
149,679
|
—
|
—
|
|
Short-Term Investments
|
34,098,577
|
16,611,116
|
17,487,461
|
—
|
|
Foreign Currency Contracts(2)
|
437,977
|
—
|
437,977
|
—
|
|
Futures Contracts(2)
|
238,763
|
238,763
|
—
|
—
|
|
Swaps - Total Return(2)
|
14,028
|
—
|
14,028
|
—
|
|
Total
|
$143,706,951
|
$91,908,893
|
$51,798,058
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(530,243
)
|
$—
|
$(530,243
)
|
$—
|
|
Futures Contracts(2)
|
(347,470
)
|
(347,470
)
|
—
|
—
|
|
Swaps - Credit Default(2)
|
(23,795
)
|
—
|
(23,795
)
|
—
|
|
Swaps - Total Return(2)
|
(103,759
)
|
—
|
(103,759
)
|
—
|
|
Total
|
$(1,005,267
)
|
$(347,470
)
|
$(657,797
)
|
$—
|
|
(1)
|
For the period ended July 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.
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7%
|
|||
|
|
Brazil - 7.6%
|
||
|
6,172,673
|
Banco BTG Pactual SA
|
$43,135,019
|
|
|
6,643,184
|
Equatorial Energia SA
|
40,419,905
|
|
|
10,718,490
|
Itau Unibanco Holding SA ADR
|
67,204,932
|
|
|
6,357,888
|
Lojas Renner SA
|
18,473,420
|
|
|
16,043
|
MercadoLibre, Inc.*
|
38,084,317
|
|
|
4,525,014
|
NU Holdings Ltd. Class A*
|
55,295,671
|
|
|
4,629,234
|
Petroleo Brasileiro SA - Petrobras ADR
|
58,976,441
|
|
|
4,510,753
|
PRIO SA*
|
33,986,422
|
|
|
4,739,511
|
Raia Drogasil SA
|
11,401,133
|
|
|
3,630,284
|
Suzano SA
|
33,809,737
|
|
|
1,480,932
|
XP, Inc. Class A
|
23,902,242
|
|
|
|
|
|
424,689,239
|
|
|
Chile - 0.5%
|
||
|
1,213,570
|
Antofagasta PLC
|
29,928,583
|
|
|
|
China - 27.3%
|
||
|
5,322,396
|
Alibaba Group Holding Ltd.
|
80,020,975
|
|
|
4,237,000
|
BYD Co. Ltd. Class H(1)
|
61,863,797
|
|
|
875,600
|
Changzhou Xingyu Automotive Lighting Systems
Co. Ltd. Class A
|
14,407,122
|
|
|
53,903,000
|
China Construction Bank Corp. Class H
|
55,132,160
|
|
|
7,795,600
|
China Pacific Insurance Group Co. Ltd. Class H
|
31,396,125
|
|
|
11,628,500
|
China Resources Beer Holdings Co. Ltd.
|
38,663,493
|
|
|
2,448,536
|
Contemporary Amperex Technology Co. Ltd.
Class A
|
89,645,235
|
|
|
4,264,637
|
Fuyao Glass Industry Group Co. Ltd. Class A
|
32,360,150
|
|
|
1,194,676
|
H World Group Ltd. ADR
|
37,297,785
|
|
|
2,348,406
|
Kanzhun Ltd. ADR*
|
44,525,778
|
|
|
1,651,800
|
Meituan Class B*(2)
|
25,483,209
|
|
|
3,091,845
|
Midea Group Co. Ltd. Class A
|
30,103,242
|
|
|
3,198,800
|
NetEase, Inc.
|
83,623,795
|
|
|
5,266,800
|
Nongfu Spring Co. Ltd. Class H(1)(2)
|
30,429,698
|
|
|
28,932,000
|
PICC Property & Casualty Co. Ltd. Class H
|
60,050,728
|
|
|
4,502,045
|
Shenzhen Inovance Technology Co. Ltd. Class A
|
39,483,610
|
|
|
5,903,300
|
Shenzhou International Group Holdings Ltd.
|
42,484,639
|
|
|
4,071,282
|
Sieyuan Electric Co. Ltd. Class A
|
44,082,823
|
|
|
2,261,488
|
Sungrow Power Supply Co. Ltd. Class A
|
22,573,796
|
|
|
5,306,700
|
Tencent Holdings Ltd.
|
371,533,728
|
|
|
2,931,111
|
Tencent Music Entertainment Group ADR
|
61,524,020
|
|
|
1,230,840
|
Trip.com Group Ltd.
|
76,413,551
|
|
|
2,951,600
|
Xiaomi Corp. Class B*(2)
|
19,858,218
|
|
|
7,871,200
|
Zhejiang Sanhua Intelligent Controls Co. Ltd.*
|
26,220,622
|
|
|
1,609,000
|
Zhejiang Sanhua Intelligent Controls Co. Ltd.
Class A
|
5,895,599
|
|
|
35,706,000
|
Zijin Mining Group Co. Ltd. Class H
|
94,680,126
|
|
|
|
|
|
1,519,754,024
|
|
|
Greece - 1.4%
|
||
|
10,230,578
|
Eurobank Ergasias Services & Holdings SA
Class A
|
37,549,904
|
|
|
1,355,878
|
National Bank of Greece SA
|
18,912,535
|
|
|
3,151,979
|
Piraeus Financial Holdings SA*
|
24,236,924
|
|
|
|
|
|
80,699,363
|
|
|
Hong Kong - 1.6%
|
||
|
9,709,600
|
AIA Group Ltd.
|
90,533,918
|
|
|
|
Hungary - 0.6%
|
||
|
407,595
|
OTP Bank Nyrt
|
33,074,652
|
|
|
|
India - 13.2%
|
||
|
18,462,990
|
Ashok Leyland Ltd.
|
25,372,983
|
|
|
3,797,426
|
Axis Bank Ltd.
|
46,116,230
|
|
|
3,799,693
|
Bajaj Finance Ltd.
|
38,024,918
|
|
|
3,589,706
|
Bharti Airtel Ltd.
|
78,144,797
|
|
|
5,772,011
|
HDFC Bank Ltd.
|
132,457,830
|
|
|
4,390,053
|
ICICI Bank Ltd.
|
73,925,392
|
|
|
1,786,263
|
Mahindra & Mahindra Ltd.
|
65,071,023
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7% - (continued)
|
|||
|
|
India - 13.2% - (continued)
|
||
|
359,496
|
MakeMyTrip Ltd.*
|
$33,645,231
|
|
|
1,544,149
|
PB Fintech Ltd.*
|
31,687,484
|
|
|
15,880,778
|
Power Grid Corp. of India Ltd.
|
52,498,157
|
|
|
1,798,270
|
Reliance Industries Ltd.
|
28,399,151
|
|
|
1,531,418
|
Sun Pharmaceutical Industries Ltd.
|
29,740,182
|
|
|
940,908
|
Tata Consultancy Services Ltd.
|
32,448,569
|
|
|
2,258,092
|
Tata Consumer Products Ltd.
|
27,573,832
|
|
|
6,740,741
|
Varun Beverages Ltd.
|
40,062,364
|
|
|
|
|
|
735,168,143
|
|
|
Indonesia - 1.1%
|
||
|
72,270,000
|
Bank Central Asia Tbk. PT
|
36,221,395
|
|
|
113,390,500
|
Bank Rakyat Indonesia Persero Tbk. PT
|
25,391,587
|
|
|
|
|
|
61,612,982
|
|
|
Mexico - 1.5%
|
||
|
607,819
|
Fomento Economico Mexicano SAB de CV ADR
|
54,983,307
|
|
|
3,175,092
|
Grupo Financiero Banorte SAB de CV Class O
|
28,277,085
|
|
|
|
|
|
83,260,392
|
|
|
Peru - 0.8%
|
||
|
179,049
|
Credicorp Ltd.
|
42,434,613
|
|
|
|
Poland - 2.1%
|
||
|
523,765
|
Bank Polska Kasa Opieki SA
|
28,442,199
|
|
|
2,560,801
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
56,072,575
|
|
|
2,079,678
|
Powszechny Zaklad Ubezpieczen SA
|
34,857,436
|
|
|
|
|
|
119,372,210
|
|
|
Portugal - 0.6%
|
||
|
1,301,759
|
Jeronimo Martins SGPS SA
|
31,733,839
|
|
|
|
Russia - 0.0%
|
||
|
677,470
|
Polyus PJSC*(3)
|
—
|
|
|
5,358,303
|
Rosneft Oil Co. PJSC*(3)
|
—
|
|
|
|
|
|
—
|
|
|
Saudi Arabia - 1.0%
|
||
|
5,647,917
|
Saudi National Bank
|
56,361,088
|
|
|
|
South Africa - 3.4%
|
||
|
956,536
|
Absa Group Ltd.
|
9,441,799
|
|
|
903,561
|
Bid Corp. Ltd.
|
22,717,680
|
|
|
170,914
|
Capitec Bank Holdings Ltd.
|
33,131,401
|
|
|
7,133,216
|
FirstRand Ltd.
|
30,291,614
|
|
|
1,709,131
|
Gold Fields Ltd.
|
41,680,442
|
|
|
118,377
|
Naspers Ltd. Class N
|
36,540,861
|
|
|
1,222,946
|
Shoprite Holdings Ltd.
|
17,824,985
|
|
|
|
|
|
191,628,782
|
|
|
South Korea - 11.2%
|
||
|
347,890
|
Hana Financial Group, Inc.
|
21,269,676
|
|
|
109,240
|
Hanwha Aerospace Co. Ltd.
|
77,937,513
|
|
|
469,601
|
KB Financial Group, Inc.
|
37,308,935
|
|
|
936,821
|
Kia Corp.
|
68,547,906
|
|
|
40,559
|
Samsung Biologics Co. Ltd.*(2)
|
30,988,193
|
|
|
272,755
|
Samsung Electro-Mechanics Co. Ltd.
|
28,979,473
|
|
|
4,228,193
|
Samsung Electronics Co. Ltd.
|
215,485,366
|
|
|
159,222
|
Samsung Fire & Marine Insurance Co. Ltd.
|
50,264,688
|
|
|
478,928
|
SK Hynix, Inc.
|
92,823,818
|
|
|
|
|
|
623,605,568
|
|
|
Taiwan - 22.0%
|
||
|
1,977,000
|
Accton Technology Corp.
|
58,389,090
|
|
|
9,334,036
|
ASE Technology Holding Co. Ltd.
|
45,264,335
|
|
|
12,796,264
|
Cathay Financial Holding Co. Ltd.
|
25,935,929
|
|
|
30,097,000
|
CTBC Financial Holding Co. Ltd.
|
41,356,185
|
|
|
4,163,000
|
Delta Electronics, Inc.
|
78,422,996
|
|
|
5,859,000
|
E Ink Holdings, Inc.
|
39,895,172
|
|
|
15,705,000
|
Hon Hai Precision Industry Co. Ltd.
|
92,352,931
|
|
|
1,925,000
|
MediaTek, Inc.
|
87,172,787
|
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.7% - (continued)
|
|||
|
|
Taiwan - 22.0% - (continued)
|
||
|
18,053,139
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
$695,032,357
|
|
|
7,802,000
|
Unimicron Technology Corp.
|
35,415,574
|
|
|
9,177,000
|
Uni-President Enterprises Corp.
|
24,220,518
|
|
|
|
|
|
1,223,457,874
|
|
|
United Arab Emirates - 2.5%
|
||
|
5,481,952
|
Abu Dhabi Commercial Bank PJSC
|
24,258,155
|
|
|
6,144,411
|
ADNOC Drilling Co. PJSC
|
9,769,363
|
|
|
29,436,100
|
Adnoc Gas PLC
|
26,667,518
|
|
|
11,482,808
|
Emaar Properties PJSC
|
47,553,759
|
|
|
5,874,428
|
First Abu Dhabi Bank PJSC
|
28,738,267
|
|
|
|
|
|
136,987,062
|
|
|
United States - 0.3%
|
||
|
170,968
|
Globant SA*
|
14,405,764
|
|
|
|
Total Common Stocks
(cost $3,359,378,349)
|
|
$5,498,708,096
|
|
|
Total Investments
(cost $3,359,378,349)
|
98.7
%
|
$5,498,708,096
|
|
|
Other Assets and Liabilities
|
1.3
%
|
71,431,108
|
|
|
Net Assets
|
100.0
%
|
$5,570,139,204
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(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 July 31, 2025, the aggregate value of these securities was
$106,759,318, representing 1.9% of net assets.
|
|
(3)
|
Investment valued using significant unobservable inputs.
|
|
†
|
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
|
$5,498,708,096
|
$818,315,472
|
$4,680,392,624
|
$—
|
|
Total
|
$5,498,708,096
|
$818,315,472
|
$4,680,392,624
|
$—
|
|
(1)
|
For the period ended July 31, 2025, there were no transfers in and out of Level 3.
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8%
|
|||
|
|
Argentina - 0.3%
|
||
|
$ 80,000
|
Arcor SAIC 7.60%, 07/31/2033(1)
|
$79,800
|
|
|
|
Brazil - 7.1%
|
||
|
221,048
|
Acu Petroleo Luxembourg SARL 7.50%,
07/13/2035(1)
|
222,592
|
|
|
200,000
|
Adecoagro SA 7.50%, 07/29/2032(1)
|
200,350
|
|
|
200,000
|
Aegea Finance SARL 9.00%, 01/20/2031(1)
|
214,960
|
|
|
200,000
|
Banco do Brasil SA 8.75%, 10/15/2025,
(8.75% fixed rate until 10/15/2025; 10 yr.
USD CMT + 4.40% thereafter)(2)(3)(4)
|
200,950
|
|
|
200,000
|
Cosan Overseas Ltd. 8.25%,
11/05/2025(3)(4)
|
201,600
|
|
|
225,172
|
Samarco Mineracao SA 9.50%,
06/30/2031(1)(5)
|
223,000
|
|
|
76,000
|
Vale Overseas Ltd. 6.40%, 06/28/2054
|
74,635
|
|
|
200,000
|
Yinson Bergenia Production BV 8.50%,
01/31/2045(1)
|
206,389
|
|
|
196,218
|
Yinson Boronia Production BV 8.95%,
07/31/2042(4)
|
211,495
|
|
|
|
|
|
1,755,971
|
|
|
Chile - 2.5%
|
||
|
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)(3)
|
205,000
|
|
|
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)(3)
|
212,280
|
|
|
200,000
|
Corp. Nacional del Cobre de Chile 6.33%,
01/13/2035(1)
|
207,278
|
|
|
|
|
|
624,558
|
|
|
China - 0.7%
|
||
|
200,000
|
Tencent Holdings Ltd. 4.53%,
04/11/2049(1)(6)
|
172,931
|
|
|
|
Colombia - 1.8%
|
||
|
200,000
|
Banco Davivienda SA 8.13%, 07/02/2035,
(8.13% fixed rate until 07/02/2030; 5 yr.
USD CMT + 4.59% thereafter)(1)(2)
|
203,498
|
|
|
|
Ecopetrol SA
|
|
|
|
90,000
|
7.38%, 09/18/2043
|
77,560
|
|
|
54,000
|
8.38%, 01/19/2036
|
53,327
|
|
|
60,000
|
8.88%, 01/13/2033
|
62,926
|
|
|
COP
232,000,000
|
Empresas Publicas de Medellin ESP
8.38%, 11/08/2027(1)
|
51,053
|
|
|
|
|
|
448,364
|
|
|
Costa Rica - 0.9%
|
||
|
$ 200,000
|
Liberty Costa Rica Senior Secured Finance
10.88%, 01/15/2031(1)
|
213,000
|
|
|
|
El Salvador - 0.6%
|
||
|
150,000
|
Comision Ejecutiva Hidroelectrica del Rio
Lempa 8.65%, 01/24/2033(1)(6)
|
151,350
|
|
|
|
Hong Kong - 2.5%
|
||
|
200,000
|
Elect Global Investments Ltd. 7.20%,
09/11/2030, (7.20% fixed rate until
09/11/2030; 5 yr. USD CMT + 3.28%
thereafter)(2)(3)(4)
|
197,554
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8% - (continued)
|
|||
|
|
Hong Kong - 2.5% - (continued)
|
||
|
$ 200,000
|
FWD Group Holdings Ltd. 8.05%,
12/15/2025, (8.05% fixed rate until
12/15/2025; 5 yr. USD CMT + 4.87%
thereafter)(2)(3)(4)
|
$201,100
|
|
|
200,000
|
Melco Resorts Finance Ltd. 7.63%,
04/17/2032(4)
|
205,566
|
|
|
|
|
|
604,220
|
|
|
India - 0.8%
|
||
|
200,000
|
Vedanta Resources Finance II PLC
10.88%, 09/17/2029(4)
|
204,372
|
|
|
|
Indonesia - 0.8%
|
||
|
200,000
|
Indofood CBP Sukses Makmur Tbk. PT
3.40%, 06/09/2031(4)
|
184,943
|
|
|
|
Israel - 0.3%
|
||
|
80,550
|
Energean Israel Finance Ltd. 8.50%,
09/30/2033(4)
|
83,476
|
|
|
|
Jamaica - 0.8%
|
||
|
200,000
|
Digicel Midco Ltd./Difl U.S. II LLC 10.50%,
11/25/2028(5)
|
201,000
|
|
|
|
Mexico - 8.7%
|
||
|
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)(3)
|
201,917
|
|
|
200,000
|
BBVA Mexico SA Institucion De Banca
Multiple Grupo Financiero BBVA Mexico
8.45%, 06/29/2038, (8.45% fixed rate
until 06/29/2033; 5 yr. USD CMT +
4.66% thereafter)(1)(2)
|
213,215
|
|
|
200,000
|
Braskem Idesa SAPI 6.99%, 02/20/2032(4)
|
134,299
|
|
|
198,102
|
FIEMEX Energia - Banco Actinver SA
Institucion de Banca Multiple 7.25%,
01/31/2041(1)
|
202,638
|
|
|
|
Petroleos Mexicanos
|
|
|
|
280,000
|
6.50%, 06/02/2041
|
221,789
|
|
|
597,000
|
6.70%, 02/16/2032
|
569,059
|
|
|
396,000
|
10.00%, 02/07/2033(6)
|
441,584
|
|
|
200,000
|
Trust Fibra Uno 6.39%, 01/15/2050(1)
|
170,719
|
|
|
|
|
|
2,155,220
|
|
|
Peru - 0.6%
|
||
|
143,000
|
Banco de Credito del Peru SA 6.45%,
07/30/2035, (6.45% fixed rate until
04/30/2030; 5 yr. USD CMT + 2.49%
thereafter)(1)(2)
|
147,147
|
|
|
|
Russia - 0.0%
|
||
|
200,000
|
Vnesheconombank Via VEB Finance PLC
6.80%, 11/22/2025(1)(7)(8)
|
—
|
|
|
|
Saudi Arabia - 0.8%
|
||
|
200,000
|
Greensaif Pipelines Bidco SARL 6.10%,
08/23/2042(1)
|
203,341
|
|
|
|
Serbia - 0.8%
|
||
|
200,000
|
Telecommunications Co. Telekom Srbija AD
Belgrade 7.00%, 10/28/2029(4)
|
199,850
|
|
|
|
South Africa - 0.8%
|
||
|
200,000
|
Anglo American Capital PLC 5.50%,
05/02/2033(1)
|
204,216
|
|
|
|
22
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 35.8% - (continued)
|
|||
|
|
South Korea - 1.7%
|
||
|
$ 200,000
|
Mirae Asset Securities Co. Ltd. 6.00%,
01/26/2029(4)
|
$207,418
|
|
|
200,000
|
Shinhan Bank Co. Ltd. 5.75%,
04/15/2034(1)
|
204,373
|
|
|
|
|
|
411,791
|
|
|
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)
|
185,938
|
|
|
|
Turkey - 2.5%
|
||
|
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)(3)
|
207,324
|
|
|
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)
|
204,103
|
|
|
200,000
|
WE Soda Investments Holding PLC 9.50%,
10/06/2028(4)
|
208,524
|
|
|
|
|
|
619,951
|
|
|
Total Corporate Bonds
(cost $8,861,406)
|
$8,851,439
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 59.0%
|
|||
|
|
Angola - 0.7%
|
||
|
200,000
|
Angola Government International Bonds
8.75%, 04/14/2032(1)
|
$181,786
|
|
|
|
Brazil - 3.5%
|
||
|
|
Brazil Notas do Tesouro Nacional
|
|
|
|
BRL
2,734,000
|
10.00%, 01/01/2029
|
443,350
|
|
|
1,857,000
|
10.00%, 01/01/2031
|
285,837
|
|
|
1,000,000
|
10.00%, 01/01/2035
|
143,305
|
|
|
|
|
|
872,492
|
|
|
Chile - 0.8%
|
||
|
$ 200,000
|
Chile Government International Bonds
5.33%, 01/05/2054
|
187,230
|
|
|
|
Colombia - 5.3%
|
||
|
|
Colombia Government International Bonds
|
|
|
|
230,000
|
8.00%, 11/14/2035
|
235,750
|
|
|
200,000
|
8.38%, 11/07/2054
|
194,682
|
|
|
200,000
|
8.50%, 04/25/2035
|
211,700
|
|
|
|
Colombia TES
|
|
|
|
COP
296,100,000
|
7.00%, 03/26/2031
|
57,848
|
|
|
130,700,000
|
7.00%, 06/30/2032
|
24,544
|
|
|
687,200,000
|
7.25%, 10/18/2034
|
122,874
|
|
|
734,000,000
|
7.25%, 10/26/2050
|
108,590
|
|
|
476,300,000
|
7.75%, 09/18/2030
|
99,807
|
|
|
575,300,000
|
9.25%, 05/28/2042
|
109,436
|
|
|
428,600,000
|
11.50%, 07/25/2046
|
96,136
|
|
|
199,400,000
|
13.25%, 02/09/2033
|
50,763
|
|
|
|
|
|
1,312,130
|
|
|
Czech Republic - 0.7%
|
||
|
|
Czech Republic Government Bonds
|
|
|
|
CZK
1,240,000
|
1.50%, 04/24/2040
|
38,255
|
|
|
2,680,000
|
4.20%, 12/04/2036(4)
|
121,256
|
|
|
490,000
|
4.50%, 11/11/2032
|
23,193
|
|
|
|
|
|
182,704
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 59.0% - (continued)
|
|||
|
|
Ecuador - 3.3%
|
||
|
$ 1,099,570
|
Ecuador Government International Bonds
6.90%, 07/31/2035(4)(9)
|
$820,829
|
|
|
|
Egypt - 4.2%
|
||
|
|
Egypt Government International Bonds
|
|
|
|
200,000
|
7.30%, 09/30/2033(4)
|
178,421
|
|
|
400,000
|
9.45%, 02/04/2033(1)
|
406,249
|
|
|
|
Egypt Treasury Bills
|
|
|
|
EGP
3,950,000
|
19.88%, 06/02/2026(10)
|
66,886
|
|
|
13,800,000
|
23.59%, 01/27/2026(10)
|
249,507
|
|
|
3,550,000
|
23.72%, 12/02/2025(10)
|
66,623
|
|
|
3,425,000
|
23.73%, 02/03/2026(10)
|
61,946
|
|
|
|
|
|
1,029,632
|
|
|
El Salvador - 0.3%
|
||
|
$ 65,000
|
El Salvador Government International
Bonds 8.25%, 04/10/2032(1)
|
66,202
|
|
|
|
Guatemala - 0.8%
|
||
|
200,000
|
Guatemala Government Bonds 6.25%,
08/15/2036(1)
|
201,012
|
|
|
|
Hungary - 3.1%
|
||
|
|
Hungary Government Bonds
|
|
|
|
HUF
10,360,000
|
3.00%, 10/27/2038
|
18,872
|
|
|
54,180,000
|
7.00%, 10/24/2035
|
152,726
|
|
|
|
Hungary Government International Bonds
|
|
|
|
$ 400,000
|
6.00%, 09/26/2035(1)
|
402,780
|
|
|
200,000
|
6.75%, 09/23/2055(1)
|
202,236
|
|
|
|
|
|
776,614
|
|
|
India - 2.0%
|
||
|
|
India Government Bonds
|
|
|
|
INR
7,180,000
|
6.45%, 10/07/2029
|
83,194
|
|
|
11,600,000
|
6.67%, 12/17/2050
|
126,806
|
|
|
6,680,000
|
7.18%, 08/14/2033
|
79,489
|
|
|
6,600,000
|
7.30%, 06/19/2053
|
77,560
|
|
|
4,620,000
|
7.37%, 01/23/2054
|
54,579
|
|
|
6,410,000
|
7.54%, 05/23/2036
|
78,203
|
|
|
|
|
|
499,831
|
|
|
Indonesia - 3.1%
|
||
|
|
Indonesia Treasury Bonds
|
|
|
|
IDR
2,599,000,000
|
7.00%, 09/15/2030
|
162,971
|
|
|
780,000,000
|
7.50%, 08/15/2032
|
50,010
|
|
|
1,852,000,000
|
7.50%, 05/15/2038
|
118,965
|
|
|
1,693,000,000
|
7.50%, 04/15/2040
|
108,286
|
|
|
1,565,000,000
|
8.25%, 05/15/2036
|
106,180
|
|
|
1,537,000,000
|
8.75%, 05/15/2031
|
103,982
|
|
|
1,689,000,000
|
9.00%, 03/15/2029
|
112,276
|
|
|
|
|
|
762,670
|
|
|
Ivory Coast - 2.5%
|
||
|
$ 631,000
|
Ivory Coast Government International
Bonds 8.08%, 04/01/2036(1)
|
621,467
|
|
|
|
Lebanon - 0.3%
|
||
|
|
Lebanon Government International Bonds
|
|
|
|
100,000
|
6.38%, 03/09/2020(4)(7)
|
18,450
|
|
|
50,000
|
6.65%, 04/22/2024(4)(7)
|
9,275
|
|
|
224,000
|
8.25%, 04/12/2021(4)(7)
|
41,328
|
|
|
|
|
|
69,053
|
|
|
Malaysia - 1.7%
|
||
|
|
Malaysia Government Bonds
|
|
|
|
MYR
520,000
|
3.76%, 05/22/2040
|
123,088
|
|
|
627,000
|
4.07%, 06/15/2050
|
149,730
|
|
|
|
23
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 59.0% - (continued)
|
|||
|
|
Malaysia - 1.7% - (continued)
|
||
|
MYR
295,000
|
4.46%, 03/31/2053
|
$75,185
|
|
|
262,000
|
4.70%, 10/15/2042
|
68,673
|
|
|
|
|
|
416,676
|
|
|
Mexico - 6.4%
|
||
|
|
Mexico Bonos
|
|
|
|
MXN
2,050,000
|
7.50%, 05/26/2033
|
98,739
|
|
|
710,000
|
7.75%, 05/29/2031
|
35,706
|
|
|
4,550,000
|
7.75%, 11/23/2034
|
218,671
|
|
|
830,000
|
7.75%, 11/13/2042
|
36,194
|
|
|
820,000
|
8.00%, 11/07/2047
|
35,888
|
|
|
2,980,200
|
8.00%, 07/31/2053
|
128,945
|
|
|
920,000
|
8.50%, 05/31/2029
|
48,508
|
|
|
2,690,000
|
8.50%, 11/18/2038
|
130,467
|
|
|
11,940,000
|
10.00%, 11/20/2036
|
660,494
|
|
|
$ 200,000
|
Mexico Government International Bonds
6.40%, 05/07/2054
|
183,300
|
|
|
|
|
|
1,576,912
|
|
|
Nigeria - 1.0%
|
||
|
230,000
|
Nigeria Government International Bonds
10.38%, 12/09/2034(4)
|
247,114
|
|
|
|
Paraguay - 1.0%
|
||
|
|
Paraguay Government International Bonds
|
|
|
|
200,000
|
6.10%, 08/11/2044(1)
|
194,400
|
|
|
PYG
347,000,000
|
7.90%, 02/09/2031(1)
|
44,360
|
|
|
|
|
|
238,760
|
|
|
Peru - 3.3%
|
||
|
|
Peru Government Bonds
|
|
|
|
PEN
170,000
|
5.40%, 08/12/2034
|
44,702
|
|
|
1,293,000
|
6.90%, 08/12/2037
|
364,305
|
|
|
58,000
|
7.30%, 08/12/2033(4)
|
17,605
|
|
|
423,000
|
7.60%, 08/12/2039(4)
|
124,638
|
|
|
|
Peru Government International Bonds
|
|
|
|
$ 119,000
|
5.38%, 02/08/2035
|
118,473
|
|
|
43,000
|
5.88%, 08/08/2054
|
41,386
|
|
|
110,000
|
6.55%, 03/14/2037
|
118,800
|
|
|
|
|
|
829,909
|
|
|
Poland - 1.8%
|
||
|
PLN
649,000
|
Republic of Poland Government Bonds
5.00%, 10/25/2034
|
168,550
|
|
|
|
Republic of Poland Government
International Bonds
|
|
|
|
$ 40,000
|
5.13%, 09/18/2034
|
40,181
|
|
|
130,000
|
5.38%, 02/12/2035
|
132,531
|
|
|
100,000
|
5.50%, 03/18/2054
|
93,482
|
|
|
|
|
|
434,744
|
|
|
Qatar - 0.8%
|
||
|
200,000
|
Qatar Government International Bonds
5.10%, 04/23/2048(4)
|
190,330
|
|
|
|
Romania - 2.3%
|
||
|
|
Romania Government Bonds
|
|
|
|
RON
300,000
|
7.10%, 07/31/2034
|
66,940
|
|
|
175,000
|
8.25%, 09/29/2032
|
41,187
|
|
|
|
Romania Government International Bonds
|
|
|
|
$ 140,000
|
6.00%, 05/25/2034(1)
|
136,281
|
|
|
310,000
|
7.50%, 02/10/2037(1)
|
328,956
|
|
|
|
|
|
573,364
|
|
|
Saudi Arabia - 0.8%
|
||
|
200,000
|
Saudi Government International Bonds
5.75%, 01/16/2054(1)
|
192,629
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 59.0% - (continued)
|
|||
|
|
Senegal - 1.3%
|
||
|
|
Senegal Government International Bonds
|
|
|
|
$ 200,000
|
6.25%, 05/23/2033(4)
|
$147,936
|
|
|
200,000
|
7.75%, 06/10/2031(4)
|
163,345
|
|
|
|
|
|
311,281
|
|
|
South Africa - 3.7%
|
||
|
|
Republic of South Africa Government
Bonds
|
|
|
|
ZAR
1,304,591
|
8.50%, 01/31/2037
|
63,647
|
|
|
812,400
|
8.88%, 02/28/2035
|
42,525
|
|
|
5,637,501
|
9.00%, 01/31/2040
|
274,420
|
|
|
5,030,800
|
10.88%, 03/31/2038
|
286,904
|
|
|
$ 260,000
|
Republic of South Africa Government
International Bonds 5.88%, 04/20/2032
|
253,281
|
|
|
|
|
|
920,777
|
|
|
Sri Lanka - 0.6%
|
||
|
|
Sri Lanka Government International Bonds
|
|
|
|
85,552
|
3.35%, 03/15/2033(1)(9)
|
69,970
|
|
|
87,416
|
3.60%, 02/15/2038(1)(9)
|
73,274
|
|
|
|
|
|
143,244
|
|
|
Thailand - 1.6%
|
||
|
|
Thailand Government Bonds
|
|
|
|
THB
3,167,000
|
2.00%, 06/17/2042
|
97,879
|
|
|
5,030,000
|
2.70%, 06/17/2040
|
172,651
|
|
|
3,402,000
|
3.40%, 06/17/2036
|
122,721
|
|
|
|
|
|
393,251
|
|
|
Turkey - 1.4%
|
||
|
TRY
6,111,300
|
Turkiye Government Bonds 31.08%,
11/08/2028
|
140,961
|
|
|
$ 200,000
|
Turkiye Government International Bonds
7.63%, 05/15/2034
|
207,151
|
|
|
|
|
|
348,112
|
|
|
United Arab Emirates - 0.7%
|
||
|
200,000
|
UAE International Government Bonds
4.95%, 07/07/2052(4)
|
184,555
|
|
|
|
Total Foreign Government
Obligations
(cost $14,215,828)
|
|
$14,585,310
|
|
|
Total Long-Term Investments
(cost $23,077,234)
|
|
$23,436,749
|
|
SHORT-TERM INVESTMENTS - 3.5%
|
|||
|
|
Securities Lending Collateral - 2.1%
|
||
|
524,148
|
State Street Navigator Securities
Lending Government Money Market
Portfolio, 4.26%(11)
|
$524,148
|
|
|
|
U.S. Treasury Securities - 1.4%
|
||
|
|
U.S. Treasury Bills - 1.4%
|
||
|
335,200
|
4.20%, 09/11/2025(10)
|
333,580
|
|
|
|
Total Short-Term Investments
(cost $857,728)
|
$857,728
|
|
|
|
Total Investments
(cost $23,934,962)
|
98.3
%
|
$24,294,477
|
|
|
Other Assets and Liabilities
|
1.7
%
|
432,578
|
|
|
Net Assets
|
100.0
%
|
$24,727,055
|
|
|
24
|
|
|
(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 July 31, 2025, the aggregate value of these securities was
$7,830,014, representing 31.7% of net assets.
|
|
(2)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
July 31, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
|
(3)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(4)
|
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 July 31, 2025, the aggregate value
of these securities was $4,706,229, representing 19.0% of net assets.
|
|
(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)
|
Represents entire or partial securities on loan.
|
|
(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)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(10)
|
The rate shown represents current yield to maturity.
|
|
(11)
|
Current yield as of period end.
|
|
Foreign Currency Contracts Outstanding at July 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
435,070,000
|
ARS
|
338,587
|
USD
|
CBK
|
10/16/2025
|
$(39,689
)
|
|
312,100
|
BRL
|
55,509
|
USD
|
CBK
|
09/23/2025
|
(538
)
|
|
1,630,000
|
BRL
|
288,802
|
USD
|
CBK
|
10/14/2025
|
(3,183
)
|
|
1,390,690,000
|
COP
|
338,368
|
USD
|
CBK
|
09/11/2025
|
(7,534
)
|
|
4,640,000
|
CZK
|
220,217
|
USD
|
MSC
|
10/02/2025
|
(4,407
)
|
|
59,990,000
|
HUF
|
172,651
|
USD
|
BOA
|
09/18/2025
|
(1,923
)
|
|
11,940,000
|
HUF
|
35,154
|
USD
|
MSC
|
10/02/2025
|
(1,198
)
|
|
27,720,000
|
HUF
|
80,824
|
USD
|
UBS
|
10/02/2025
|
(1,991
)
|
|
1,066,700
|
MXN
|
55,502
|
USD
|
MSC
|
09/23/2025
|
706
|
|
7,430,000
|
MXN
|
396,410
|
USD
|
BOA
|
10/15/2025
|
(5,812
)
|
|
260,000
|
MYR
|
60,876
|
USD
|
MSC
|
08/14/2025
|
120
|
|
430,000
|
MYR
|
100,467
|
USD
|
MSC
|
08/18/2025
|
426
|
|
1,900,000
|
MYR
|
451,735
|
USD
|
MSC
|
10/10/2025
|
(4,974
)
|
|
420,000
|
PLN
|
115,730
|
USD
|
MSC
|
10/02/2025
|
(3,771
)
|
|
810,000
|
RON
|
180,052
|
USD
|
CBK
|
08/21/2025
|
1,819
|
|
2,760,000
|
THB
|
83,942
|
USD
|
UBS
|
08/14/2025
|
615
|
|
3,360,000
|
THB
|
101,480
|
USD
|
UBS
|
08/18/2025
|
1,490
|
|
10,158,000
|
THB
|
313,093
|
USD
|
SSG
|
10/14/2025
|
(360
)
|
|
2,240,000
|
ZAR
|
122,129
|
USD
|
BOA
|
08/12/2025
|
735
|
|
1,550,000
|
ZAR
|
87,887
|
USD
|
MSC
|
10/15/2025
|
(3,252
)
|
|
210,236
|
USD
|
284,450,000
|
ARS
|
BOA
|
10/16/2025
|
14,815
|
|
110,102
|
USD
|
150,620,000
|
ARS
|
CBK
|
10/16/2025
|
6,624
|
|
54,750
|
USD
|
312,100
|
BRL
|
CBK
|
09/23/2025
|
(221
)
|
|
82,630
|
USD
|
470,000
|
BRL
|
BOA
|
10/14/2025
|
274
|
|
568,732
|
USD
|
3,259,400
|
BRL
|
CBK
|
10/14/2025
|
(2,401
)
|
|
327,616
|
USD
|
1,390,690,000
|
COP
|
BOA
|
09/11/2025
|
(3,218
)
|
|
468,579
|
USD
|
1,978,340,000
|
COP
|
BOA
|
10/30/2025
|
625
|
|
217,475
|
USD
|
4,640,000
|
CZK
|
CBK
|
10/02/2025
|
1,664
|
|
172,469
|
USD
|
59,990,000
|
HUF
|
BOA
|
09/18/2025
|
1,741
|
|
113,939
|
USD
|
39,660,000
|
HUF
|
BOA
|
10/02/2025
|
1,150
|
|
56,601
|
USD
|
1,066,700
|
MXN
|
BOA
|
09/23/2025
|
393
|
|
984,545
|
USD
|
18,615,500
|
MXN
|
BOA
|
10/15/2025
|
5,920
|
|
|
25
|
|
|
Foreign Currency Contracts Outstanding at July 31, 2025 – (continued)
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
61,186
|
USD
|
260,000
|
MYR
|
MSC
|
08/14/2025
|
$190
|
|
101,182
|
USD
|
430,000
|
MYR
|
MSC
|
08/18/2025
|
289
|
|
59,011
|
USD
|
250,000
|
MYR
|
MSC
|
10/10/2025
|
227
|
|
200,473
|
USD
|
720,000
|
PEN
|
BOA
|
11/04/2025
|
610
|
|
112,977
|
USD
|
420,000
|
PLN
|
CBK
|
10/02/2025
|
1,018
|
|
78,796
|
USD
|
340,000
|
RON
|
CBK
|
08/21/2025
|
2,455
|
|
106,390
|
USD
|
470,000
|
RON
|
BOA
|
08/21/2025
|
861
|
|
84,722
|
USD
|
2,760,000
|
THB
|
MSC
|
08/14/2025
|
166
|
|
103,162
|
USD
|
3,360,000
|
THB
|
MSC
|
08/18/2025
|
193
|
|
124,606
|
USD
|
2,240,000
|
ZAR
|
BOA
|
08/12/2025
|
1,742
|
|
167,973
|
USD
|
3,033,200
|
ZAR
|
BOA
|
10/15/2025
|
2,350
|
|
Total foreign currency contracts
|
$(35,254
)
|
|||||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Corporate Bonds
|
$8,851,439
|
$—
|
$8,851,439
|
$—
|
|
Foreign Government Obligations
|
14,585,310
|
—
|
14,585,310
|
—
|
|
Short-Term Investments
|
857,728
|
524,148
|
333,580
|
—
|
|
Foreign Currency Contracts(2)
|
49,218
|
—
|
49,218
|
—
|
|
Total
|
$24,343,695
|
$524,148
|
$23,819,547
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(84,472
)
|
$—
|
$(84,472
)
|
$—
|
|
Total
|
$(84,472
)
|
$—
|
$(84,472
)
|
$—
|
|
(1)
|
For the period ended July 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.
|
|
|
26
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 91.2%
|
|||
|
|
Australia - 1.2%
|
||
|
25,919
|
Rio Tinto PLC
|
$1,543,720
|
|
|
|
Austria - 1.3%
|
||
|
33,972
|
OMV AG
|
1,730,139
|
|
|
|
Belgium - 2.1%
|
||
|
40,274
|
Ageas SA
|
2,738,320
|
|
|
|
China - 1.6%
|
||
|
726,500
|
Anhui Conch Cement Co. Ltd. Class H
|
2,103,311
|
|
|
|
France - 9.8%
|
||
|
48,784
|
AXA SA
|
2,369,397
|
|
|
26,792
|
BNP Paribas SA
|
2,442,847
|
|
|
141,984
|
Carrefour SA
|
2,034,773
|
|
|
7,438
|
Kering SA
|
1,826,366
|
|
|
34,486
|
Renault SA
|
1,276,009
|
|
|
46,570
|
Societe Generale SA
|
2,972,493
|
|
|
|
|
|
12,921,885
|
|
|
Germany - 6.7%
|
||
|
41,566
|
BASF SE
|
2,037,124
|
|
|
42,439
|
Continental AG
|
3,624,739
|
|
|
201,110
|
Deutsche Lufthansa AG
|
1,724,484
|
|
|
72,457
|
Evonik Industries AG
|
1,438,856
|
|
|
|
|
|
8,825,203
|
|
|
Hong Kong - 2.6%
|
||
|
269,080
|
Prudential PLC
|
3,413,596
|
|
|
|
Ireland - 2.0%
|
||
|
199,801
| |||