Schedule of Investments (Unaudited) | |
Pax Ellevate Global Women's Leadership Fund | September 30, 2019 |
PERCENT OF NET ASSETS | SHARES/ | |||||||
NAME OF ISSUER AND TITLE OF ISSUE | PRINCIPAL | VALUE | ||||||
COMMON STOCKS: 95.9% | ||||||||
COMMUNICATION SERVICES: 5.9% | ||||||||
Auto Trader Group PLC | 17,674 | $ | 110,775 | |||||
CenturyLink, Inc. (a) | 18,689 | 233,239 | ||||||
Deutsche Telekom AG | 63,393 | 1,063,291 | ||||||
Elisa OYJ | 2,706 | 139,507 | ||||||
Iliad SA | 504 | 47,336 | ||||||
Omnicom Group, Inc. (a) | 4,270 | 334,341 | ||||||
Orange SA | 37,946 | 593,929 | ||||||
ProSiebenSat.1 Media SE | 3,588 | 49,432 | ||||||
Proximus SADP | 2,894 | 85,992 | ||||||
Publicis Groupe SA | 9,441 | 464,546 | ||||||
REA Group, Ltd. | 1,003 | 73,327 | ||||||
Singapore Press Holdings, Ltd. | 30,800 | 46,383 | ||||||
Singapore Telecommunications, Ltd. | 155,300 | 348,580 | ||||||
Spark New Zealand, Ltd. | 34,923 | 96,460 | ||||||
Take-Two Interactive Software, Inc. (b) | 2,194 | 274,996 | ||||||
Tele2 AB, Class B | 9,498 | 141,258 | ||||||
Telefonica Deutschland Holding AG | 16,973 | 47,322 | ||||||
Telenet Group Holding NV | 882 | 41,621 | ||||||
Telenor ASA | 13,994 | 280,774 | ||||||
Telia Company AB | 52,043 | 232,814 | ||||||
Telstra Corp., Ltd. | 80,764 | 191,448 | ||||||
Twitter, Inc. (b) | 28,829 | 1,187,755 | ||||||
Ubisoft Entertainment SA (b) | 1,620 | 116,787 | ||||||
Verizon Communications, Inc. | 78,696 | 4,750,091 | ||||||
Viacom, Inc., Class B | 317,606 | 7,632,072 | ||||||
Vodafone Group PLC | 508,268 | 1,012,625 | ||||||
Walt Disney Co., The | 34,329 | 4,473,755 | ||||||
Zayo Group Holdings, Inc. (b) | 4,560 | 154,584 | ||||||
24,225,040 | ||||||||
CONSUMER DISCRETIONARY: 12.8% | ||||||||
Accor SA | 3,494 | 145,642 | ||||||
Aristocrat Leisure, Ltd. | 10,931 | 225,999 | ||||||
Barratt Developments PLC | 19,291 | 153,569 | ||||||
Bayerische Motoren Werke AG | 6,298 | 443,545 | ||||||
Best Buy Co., Inc. | 119,490 | 8,243,615 | ||||||
Burberry Group PLC | 7,826 | 209,045 | ||||||
Capri Holdings, Ltd. (b) | 143,305 | 4,751,994 | ||||||
Daimler AG | 17,296 | 859,904 | ||||||
Dollar General Corp. | 4,997 | 794,223 | ||||||
eBay, Inc. | 15,840 | 617,443 | ||||||
EssilorLuxottica SA | 5,392 | 777,414 | ||||||
Gap Inc., The (a) | 4,342 | 75,377 | ||||||
H&R Block, Inc. (a) | 3,934 | 92,921 | ||||||
Hasbro, Inc. | 2,351 | 279,040 | ||||||
Hennes & Mauritz AB, Class B | 59,114 | 1,145,887 | ||||||
Hermes International | 603 | 416,479 | ||||||
Hilton Worldwide Holdings, Inc. | 5,330 | 496,276 | ||||||
Husqvarna AB, Class B | 7,944 | 60,413 | ||||||
InterContinental Hotels Group PLC | 3,290 | 205,314 | ||||||
Kering SA | 7,862 | 4,006,356 | ||||||
Kingfisher PLC | 40,134 | 101,996 | ||||||
Kohl's Corp. | 3,198 | 158,813 | ||||||
lululemon athletica, Inc. (b) | 41,930 | 8,072,783 | ||||||
Macy's, Inc. (a) | 130,838 | 2,033,223 | ||||||
Marks & Spencer Group PLC | 37,089 | 84,005 |
Marriott International, Inc., Class A | 5,425 | 674,707 | ||||||
Merlin Entertainments PLC | 13,635 | 75,868 | ||||||
Michelin | 3,250 | 361,865 | ||||||
Minth Group, Ltd. | 138,000 | 467,740 | ||||||
Moncler SpA | 3,438 | 122,542 | ||||||
Next PLC | 2,578 | 195,968 | ||||||
Nokian Renkaat OYJ | 2,364 | 66,633 | ||||||
Nordstrom, Inc. (a) | 2,121 | 71,414 | ||||||
PVH Corp. | 1,507 | 132,963 | ||||||
Ralph Lauren Corp. | 1,028 | 98,143 | ||||||
Renault SA | 3,656 | 209,829 | ||||||
Sodexo SA | 5,451 | 611,956 | ||||||
Starbucks Corp. | 23,135 | 2,045,597 | ||||||
Tabcorp Holdings, Ltd. | 39,220 | 128,377 | ||||||
Tapestry, Inc. | 5,555 | 144,708 | ||||||
Target Corp. | 9,753 | 1,042,693 | ||||||
Taylor Wimpey PLC | 62,375 | 123,810 | ||||||
Tiffany & Co. (a) | 2,163 | 200,359 | ||||||
TJX Cos., Inc., The | 23,086 | 1,286,814 | ||||||
TUI AG | 8,387 | 97,406 | ||||||
Ulta Beauty, Inc. (b) | 34,949 | 8,759,967 | ||||||
Vail Resorts, Inc. | 788 | 179,317 | ||||||
Valeo SA | 4,570 | 148,100 | ||||||
Wesfarmers, Ltd. | 21,566 | 579,431 | ||||||
Whitbread PLC | 2,543 | 134,217 | ||||||
52,411,700 | ||||||||
CONSUMER STAPLES: 13.3% | ||||||||
a2 Milk Co., Ltd. (b) | 14,040 | 116,653 | ||||||
Campbell Soup Co. (a) | 3,157 | 148,126 | ||||||
Carrefour SA | 11,259 | 196,945 | ||||||
Clorox Co., The | 2,492 | 378,460 | ||||||
Coca-Cola Amatil, Ltd. | 9,639 | 69,362 | ||||||
Coca-Cola Co., The | 77,128 | 4,198,848 | ||||||
Colgate-Palmolive Co. | 15,529 | 1,141,537 | ||||||
Danone SA | 11,744 | 1,034,431 | ||||||
Diageo PLC | 45,186 | 1,845,861 | ||||||
Empire Co., Ltd., Class A | 3,368 | 91,188 | ||||||
Essity AB, Class B | 11,537 | 336,631 | ||||||
Estee Lauder Cos, Inc., The, Class A | 43,067 | 8,568,179 | ||||||
General Mills, Inc. | 11,448 | 631,014 | ||||||
George Weston, Ltd. | 1,469 | 123,587 | ||||||
Heineken Holding NV | 2,192 | 218,081 | ||||||
Heineken NV | 4,930 | 532,500 | ||||||
Henkel AG & Co. KGaA | 1,977 | 180,986 | ||||||
Hershey Co.,The | 40,036 | 6,205,179 | ||||||
ICA Gruppen AB | 1,723 | 79,574 | ||||||
Ingredion, Inc. | 1,344 | 109,859 | ||||||
J.M. Smucker Co., The | 37,514 | 4,127,290 | ||||||
Kellogg Co. | 82,264 | 5,293,688 | ||||||
Kimberly-Clark Corp. | 6,565 | 932,558 | ||||||
Kroger Co., The | 15,422 | 397,579 | ||||||
Loblaw Cos, Ltd. | 3,576 | 203,680 | ||||||
L'Oreal SA | 4,808 | 1,344,648 | ||||||
McCormick & Co., Inc. | 2,385 | 372,776 | ||||||
Metro, Inc. | 4,879 | 214,811 | ||||||
Mowi ASA | 8,343 | 192,700 | ||||||
PepsiCo, Inc. | 26,729 | 3,664,546 | ||||||
Procter & Gamble Co., The | 47,761 | 5,940,513 | ||||||
Remy Cointreau SA | 430 | 57,081 |
Saputo, Inc. | 4,539 | 139,509 | ||||||
Tesco PLC | 186,268 | 550,696 | ||||||
Tyson Foods, Inc., Class A | 5,690 | 490,137 | ||||||
Unilever NV | 27,798 | 1,669,198 | ||||||
Unilever PLC | 21,109 | 1,268,692 | ||||||
Walgreens Boots Alliance, Inc. | 14,815 | 819,418 | ||||||
Woolworths Group, Ltd. | 24,271 | 610,746 | ||||||
54,497,267 | ||||||||
ENERGY: 2.1% | ||||||||
Aker BP ASA | 2,112 | 56,276 | ||||||
Caltex Australia, Ltd. | 4,750 | 84,401 | ||||||
Cameco Corp. | 7,572 | 71,899 | ||||||
ConocoPhillips | 21,591 | 1,230,255 | ||||||
Encana Corp. | 26,819 | 122,875 | ||||||
Equinor ASA | 19,050 | 360,848 | ||||||
Imperial Oil, Ltd. | 5,234 | 136,297 | ||||||
John Wood Group PLC | 13,056 | 60,868 | ||||||
Lundin Petroleum AB | 3,561 | 106,754 | ||||||
Neste OYJ | 8,047 | 266,232 | ||||||
Occidental Petroleum Corp. | 17,107 | 760,748 | ||||||
Phillips 66 | 8,689 | 889,754 | ||||||
TC Energy Corp. | 17,670 | 914,943 | ||||||
TOTAL SA | 45,477 | 2,367,840 | ||||||
Valero Energy Corp. | 8,032 | 684,648 | ||||||
Woodside Petroleum, Ltd. | 18,077 | 394,930 | ||||||
8,509,568 | ||||||||
FINANCIALS: 19.8% | ||||||||
Admiral Group PLC | 3,597 | 93,538 | ||||||
Aegon NV | 35,096 | 145,758 | ||||||
AIB Group PLC | 15,641 | 46,399 | ||||||
Allianz SE | 8,074 | 1,879,400 | ||||||
Allstate Corp., The | 6,394 | 694,900 | ||||||
Ally Financial, Inc. | 7,621 | 252,712 | ||||||
American International Group, Inc. | 16,631 | 926,347 | ||||||
AMP, Ltd. | 63,767 | 78,647 | ||||||
Aon PLC | 4,595 | 889,454 | ||||||
Assicurazioni Generali SpA | 20,898 | 404,997 | ||||||
Assurant, Inc. | 1,188 | 149,474 | ||||||
ASX, Ltd. | 3,683 | 201,826 | ||||||
Australia & New Zealand Banking Group, Ltd | 53,886 | 1,035,132 | ||||||
Aviva PLC | 74,493 | 365,700 | ||||||
AXA SA | 36,884 | 941,788 | ||||||
Banco Santander SA | 308,813 | 1,256,504 | ||||||
Bank Leumi Le-Israel BM | 28,402 | 202,217 | ||||||
Bank of America Corp. | 256,453 | 7,480,733 | ||||||
Bank of Montreal | 12,152 | 895,039 | ||||||
Bank of Nova Scotia, The | 23,324 | 1,324,777 | ||||||
Bank of Queensland, Ltd. | 7,718 | 51,688 | ||||||
Bankinter SA | 12,822 | 80,911 | ||||||
Bendigo & Adelaide Bank, Ltd. | 9,611 | 74,572 | ||||||
Canadian Imperial Bank of Commerce | 8,473 | 699,086 | ||||||
CIT Group, Inc. | 1,911 | 86,587 | ||||||
Citizens Financial Group, Inc. | 8,735 | 308,957 | ||||||
CNP Assurances | 289,206 | 5,588,792 | ||||||
Comerica, Inc. | 2,946 | 194,407 | ||||||
Commerzbank AG | 19,055 | 110,307 | ||||||
Commonwealth Bank of Australia | 34,826 | 1,899,737 | ||||||
Danske Bank A/S | 12,299 | 171,108 | ||||||
Deutsche Boerse AG | 3,614 | 563,636 | ||||||
Discover Financial Services | 6,160 | 499,514 | ||||||
DNB ASA | 71,534 | 1,261,000 | ||||||
E*TRADE Financial Corp. | 4,749 | 207,484 |
Eurazeo SA | 765 | 56,892 | ||||||
EXOR NV | 2,064 | 138,232 | ||||||
First Republic Bank | 3,214 | 310,794 | ||||||
Gjensidige Forsikring ASA | 3,804 | 75,442 | ||||||
Groupe Bruxelles Lambert SA | 1,535 | 147,342 | ||||||
Hang Seng Bank, Ltd. | 14,600 | 314,595 | ||||||
Hartford Financial Services Group, Inc., The | 6,880 | 416,997 | ||||||
Huntington Bancshares, Inc. | 19,940 | 284,544 | ||||||
iA Financial Corp., Inc. | 2,084 | 94,837 | ||||||
Industrivarden AB, Class C | 3,178 | 69,522 | ||||||
Insurance Australia Group, Ltd. | 44,943 | 239,814 | ||||||
Intact Financial Corp. | 7,678 | 772,755 | ||||||
Investor AB, Class B | 8,665 | 423,175 | ||||||
KeyCorp. | 19,253 | 343,474 | ||||||
Legal & General Group PLC | 115,382 | 352,183 | ||||||
Lincoln National Corp. | 3,858 | 232,715 | ||||||
Macquarie Group, Ltd. | 6,151 | 545,238 | ||||||
Manulife Financial Corp. | 37,831 | 693,885 | ||||||
Medibank Pvt, Ltd. | 52,379 | 120,289 | ||||||
Mizrahi Tefahot Bank, Ltd. | 2,676 | 66,494 | ||||||
MSCI, Inc. | 1,663 | 362,118 | ||||||
Muenchener Rueckversicherungs AG | 2,745 | 709,027 | ||||||
National Australia Bank, Ltd. | 53,472 | 1,072,125 | ||||||
National Bank of Canada | 6,392 | 318,044 | ||||||
Natixis SA | 17,991 | 74,540 | ||||||
Nordea Bank Apb | 61,694 | 437,621 | ||||||
PNC Financial Services Group, Inc., The | 8,636 | 1,210,422 | ||||||
Poste Italiane SpA | 9,937 | 112,955 | ||||||
Principal Financial Group, Inc. | 141,870 | 8,106,451 | ||||||
Progressive Corp., The | 11,111 | 858,325 | ||||||
Reinsurance Group of America, Inc. | 1,243 | 198,731 | ||||||
Royal Bank of Canada | 27,389 | 2,221,758 | ||||||
Royal Bank of Scotland Group PLC | 91,987 | 234,464 | ||||||
S&P Global, Inc. | 4,684 | 1,147,486 | ||||||
Schroders PLC | 2,365 | 89,394 | ||||||
Skandinaviska Enskilda Banken AB, Class A | 30,955 | 284,436 | ||||||
Societe Generale SA | 14,599 | 399,898 | ||||||
Standard Chartered PLC | 53,104 | 445,751 | ||||||
State Street Corp. | 7,175 | 424,688 | ||||||
Sun Life Financial, Inc. | 11,297 | 505,140 | ||||||
Suncorp Group, Ltd. | 294,313 | 2,711,526 | ||||||
Svenska Handelsbanken AB, Class A | 341,060 | 3,190,644 | ||||||
Swedbank AB, Class A | 261,658 | 3,768,318 | ||||||
Synchrony Financial | 11,870 | 404,648 | ||||||
TD Ameritrade Holding Corp. | 5,307 | 247,837 | ||||||
Toronto-Dominion Bank, The | 34,814 | 2,029,952 | ||||||
Travelers Cos., Inc., The | 5,032 | 748,208 | ||||||
U.S. Bancorp | 28,791 | 1,593,294 | ||||||
UBS Group AG (b) | 73,397 | 833,382 | ||||||
Unum Group | 4,091 | 121,585 | ||||||
Voya Financial, Inc. | 146,115 | 7,954,501 | ||||||
Wendel SA | 516 | 71,106 | ||||||
Willis Towers Watson PLC | 2,522 | 486,670 | ||||||
Zurich Insurance Group AG | 2,879 | 1,102,679 | ||||||
81,240,071 | ||||||||
HEALTH CARE: 8.2% | ||||||||
Abbott Laboratories | 33,611 | 2,812,232 | ||||||
Alkermes PLC (b) | 2,999 | 58,510 | ||||||
Anthem, Inc. | 4,935 | 1,184,894 | ||||||
AstraZeneca PLC | 24,950 | 2,227,761 | ||||||
Becton Dickinson & Co. | 5,192 | 1,313,368 |
Biogen, Inc. (b) | 3,758 | 874,938 | ||||||
Cardinal Health, Inc. | 25,470 | 1,201,929 | ||||||
CSL, Ltd. | 8,618 | 1,362,608 | ||||||
CVS Health Corp. | 24,721 | 1,559,153 | ||||||
DaVita, Inc. (b) | 2,024 | 115,510 | ||||||
Eli Lilly & Co. | 16,666 | 1,863,759 | ||||||
Genmab A/S (b) | 1,236 | 251,135 | ||||||
GlaxoSmithKline PLC | 94,866 | 2,033,414 | ||||||
Hologic, Inc. (b) | 5,167 | 260,882 | ||||||
IDEXX Laboratories, Inc. (b) | 1,735 | 471,799 | ||||||
Ipsen SA | 718 | 68,114 | ||||||
Johnson & Johnson | 50,551 | 6,540,288 | ||||||
Koninklijke Philips NV | 17,616 | 814,019 | ||||||
McKesson Corp. | 3,718 | 508,102 | ||||||
Medtronic PLC | 25,597 | 2,780,346 | ||||||
Orion OYJ, Class B | 1,988 | 74,079 | ||||||
Quest Diagnostics, Inc. | 2,575 | 275,602 | ||||||
Recordati SpA | 1,989 | 85,306 | ||||||
Ryman Healthcare, Ltd. | 7,608 | 63,231 | ||||||
Sanofi | 21,399 | 1,982,248 | ||||||
Smith & Nephew PLC | 16,637 | 400,650 | ||||||
Stryker Corp. | 6,496 | 1,405,085 | ||||||
UCB SA | 2,405 | 174,488 | ||||||
United Therapeutics Corp. (b) | 769 | 61,328 | ||||||
Varian Medical Systems, Inc. (b) | 1,796 | 213,886 | ||||||
Vertex Pharmaceuticals, Inc. (b) | 4,930 | 835,241 | ||||||
33,873,905 | ||||||||
INDUSTRIALS: 5.9% | ||||||||
Aeroports de Paris | 565 | 100,497 | ||||||
Alfa Laval AB | 5,984 | 118,029 | ||||||
Allegion PLC | 1,841 | 190,820 | ||||||
Alstom SA | 2,987 | 123,731 | ||||||
Atlas Copco AB, Class A | 12,772 | 393,290 | ||||||
Atlas Copco AB, Class B | 7,422 | 200,981 | ||||||
Auckland International Airport, Ltd. | 18,431 | 105,682 | ||||||
Aurizon Holdings, Ltd. | 37,852 | 150,891 | ||||||
Brambles, Ltd. | 30,331 | 233,579 | ||||||
Bureau Veritas SA | 5,465 | 131,541 | ||||||
Cie de Saint-Gobain | 9,357 | 366,726 | ||||||
Cummins, Inc. | 2,846 | 462,959 | ||||||
Deutsche Lufthansa AG | 4,519 | 71,740 | ||||||
Deutsche Post AG | 18,815 | 627,014 | ||||||
easyJet PLC | 3,023 | 42,666 | ||||||
Epiroc AB, Class A | 12,575 | 136,189 | ||||||
Epiroc AB, Class B | 7,499 | 77,387 | ||||||
Finning International, Inc. | 2,600 | 45,510 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 792 | 67,126 | ||||||
GEA Group AG | 2,918 | 78,721 | ||||||
Getlink SE | 8,369 | 125,667 | ||||||
Ingersoll-Rand PLC | 4,640 | 571,694 | ||||||
Intertek Group PLC | 3,070 | 206,649 | ||||||
KION Group AG | 1,276 | 67,104 | ||||||
Kone OYJ, Class B | 6,465 | 367,926 | ||||||
Legrand SA | 44,452 | 3,171,067 | ||||||
ManpowerGroup, Inc. | 1,161 | 97,803 | ||||||
MTR Corp., Ltd. | 29,488 | 165,373 | ||||||
Randstad NV | 2,267 | 111,301 | ||||||
Royal Mail PLC | 14,918 | 38,734 | ||||||
Sandvik AB | 21,472 | 334,275 |
Schneider Electric SE | 10,462 | 914,819 | ||||||
Securitas AB, Class B | 5,956 | 91,204 | ||||||
SEEK, Ltd. | 6,345 | 92,037 | ||||||
Siemens AG | 14,550 | 1,557,506 | ||||||
Skanska AB, Class B | 6,470 | 130,986 | ||||||
Societe BIC SA | 482 | 32,357 | ||||||
Southwest Airlines Co. | 2,590 | 139,886 | ||||||
Stanley Black & Decker, Inc. | 2,916 | 421,100 | ||||||
Sydney Airport | 21,035 | 114,140 | ||||||
Transurban Group | 50,884 | 505,149 | ||||||
United Parcel Service, Inc., Class B | 13,311 | 1,594,924 | ||||||
Volvo AB, Class B | 88,212 | 1,237,889 | ||||||
Weir Group PLC, The | 4,938 | 86,502 | ||||||
Wolters Kluwer NV | 112,555 | 8,212,576 | ||||||
WSP Global, Inc. | 2,081 | 121,623 | ||||||
24,235,370 | ||||||||
INFORMATION TECHNOLOGY: 14.9% | ||||||||
Accenture PLC, Class A | 12,204 | 2,347,439 | ||||||
Autodesk, Inc. (b) | 34,391 | 5,079,551 | ||||||
Capgemini SE | 3,023 | 355,962 | ||||||
CDW Corp. | 2,783 | 342,977 | ||||||
Cisco Systems, Inc. | 81,459 | 4,024,889 | ||||||
Dassault Systemes SA | 2,501 | 356,283 | ||||||
Ericsson, Class B | 58,436 | 466,689 | ||||||
Hewlett Packard Enterprise Co. | 25,555 | 387,669 | ||||||
Hexagon AB, Class B | 4,953 | 238,586 | ||||||
HP, Inc. | 28,650 | 542,058 | ||||||
IBM | 16,896 | 2,457,016 | ||||||
Ingenico Group SA | 1,141 | 111,208 | ||||||
Intuit, Inc. | 31,793 | 8,455,030 | ||||||
Leidos Holdings, Inc. | 2,684 | 230,502 | ||||||
Micro Focus International PLC | 6,542 | 91,929 | ||||||
Microsoft Corp. | 125,386 | 17,432,417 | ||||||
Nokia OYJ | 107,194 | 541,362 | ||||||
salesforce.com, Inc. (b) | 15,910 | 2,361,680 | ||||||
Square, Inc. (a)(b) | 6,489 | 401,994 | ||||||
Texas Instruments, Inc. | 70,344 | 9,091,260 | ||||||
Visa, Inc., Class A | 33,142 | 5,700,755 | ||||||
Wirecard AG | 2,234 | 357,528 | ||||||
61,374,784 | ||||||||
MATERIALS: 3.3% | ||||||||
Air Liquide SA | 8,171 | 1,162,897 | ||||||
Akzo Nobel NV | 4,332 | 385,993 | ||||||
Arkema SA | 1,310 | 122,127 | ||||||
Avery Dennison Corp. | 1,667 | 189,321 | ||||||
BlueScope Steel, Ltd. | 9,935 | 80,696 | ||||||
Boliden AB | 5,203 | 119,495 | ||||||
Boral, Ltd. | 22,297 | 72,769 | ||||||
Chr. Hansen Holding A/S | 2,007 | 170,020 | ||||||
Clariant AG (b) | 3,803 | 74,073 | ||||||
Ecolab, Inc. | 4,993 | 988,814 | ||||||
Evonik Industries AG | 3,547 | 87,562 | ||||||
Fortescue Metals Group, Ltd. | 26,353 | 156,859 | ||||||
Incitec Pivot, Ltd. | 30,540 | 69,939 | ||||||
International Flavors & Fragrances, Inc. (a) | 2,010 | 246,607 | ||||||
Johnson Matthey PLC | 3,681 | 138,262 |
Kinross Gold Corp. (b) | 23,833 | 109,734 | ||||||
Koninklijke DSM NV | 58,447 | 7,035,954 | ||||||
Methanex Corp. | 1,271 | 45,099 | ||||||
Newmont Mining Corp. | 27,109 | 1,027,973 | ||||||
Norsk Hydro ASA | 25,580 | 90,072 | ||||||
Novozymes A/S, Class B | 4,062 | 170,852 | ||||||
Orica, Ltd. | 7,227 | 110,054 | ||||||
Solvay SA | 1,410 | 145,973 | ||||||
Stora Enso OYJ, Class R | 11,065 | 133,158 | ||||||
UPM-Kymmene OYJ | 10,152 | 299,775 | ||||||
Yara International ASA | 3,378 | 145,642 | ||||||
13,379,720 | ||||||||
REAL ESTATE: 1.3% | ||||||||
Ascendas Real Estate Investment Trust, REIT | 47,400 | 107,049 | ||||||
Azrieli Group, Ltd. | 808 | 63,673 | ||||||
British Land Co. PLC, The, REIT | 17,108 | 123,071 | ||||||
Camden Property Trust, REIT | 1,912 | 212,251 | ||||||
CapitaLand Commercial Trust, REIT | 50,000 | 74,919 | ||||||
CK Asset Holdings, Ltd. | 49,500 | 335,367 | ||||||
Covivio, REIT | 871 | 92,187 | ||||||
Dexus, REIT | 20,762 | 167,233 | ||||||
Federal Realty Investment Trust, REIT | 1,457 | 198,356 | ||||||
First Capital Realty, Inc. | 3,340 | 55,639 | ||||||
Gecina SA, REIT | 871 | 136,854 | ||||||
GPT Group, The, REIT | 36,835 | 153,175 | ||||||
Host Hotels & Resorts, Inc., REIT | 14,188 | 245,311 | ||||||
ICADE, REIT | 569 | 50,886 | ||||||
Iron Mountain, Inc., REIT (a) | 5,550 | 179,765 | ||||||
Jones Lang LaSalle, Inc. | 994 | 138,226 | ||||||
Klepierre SA, REIT | 3,801 | 129,084 | ||||||
Land Securities Group PLC, REIT | 13,398 | 141,108 | ||||||
Link, REIT | 40,500 | 446,750 | ||||||
Mirvac Group, REIT | 74,387 | 153,674 | ||||||
Realty Income Corp., REIT | 6,116 | 468,975 | ||||||
Scentre Group, REIT | 101,128 | 268,298 | ||||||
Stockland, REIT | 45,349 | 139,298 | ||||||
Suntec Real Estate Investment Trust, REIT | 37,300 | 51,314 | ||||||
Swire Properties, Ltd. | 22,400 | 70,300 | ||||||
UDR, Inc., REIT | 5,397 | 261,647 | ||||||
Vicinity Centres, REIT | 60,976 | 105,792 | ||||||
Vonovia SE | 9,660 | 490,101 | ||||||
Weyerhaeuser Co., REIT | 14,192 | 393,118 | ||||||
5,453,421 | ||||||||
UTILITIES: 8.4% | ||||||||
AGL Energy, Ltd. | 12,853 | 166,279 | ||||||
Alliant Energy Corp. | 4,525 | 244,033 | ||||||
American Electric Power Co., Inc. | 9,437 | 884,153 | ||||||
American Water Works Co., Inc. | 66,425 | 8,251,977 | ||||||
APA Group | 22,441 | 173,803 | ||||||
Atco, Ltd., Class I | 1,495 | 54,706 | ||||||
Canadian Utilities, Ltd., Class A | 49,741 | 1,466,118 | ||||||
CMS Energy Corp. | 5,492 | 351,213 | ||||||
Consolidated Edison, Inc. | 6,261 | 591,477 | ||||||
Dominion Energy, Inc. | 15,327 | 1,242,100 | ||||||
Edison International | 6,758 | 509,688 | ||||||
Emera, Inc. | 4,585 | 201,278 | ||||||
Engie SA | 34,739 | 567,016 | ||||||
Entergy Corp. | 3,663 | 429,890 | ||||||
Evergy, Inc. | 4,646 | 309,238 | ||||||
Fortis, Inc./Canada | 193,339 | 8,173,693 | ||||||
Fortum OYJ | 8,448 | 199,679 | ||||||
Hydro One, Ltd. | 6,242 | 115,384 |
Innogy SE | 2,642 | 128,577 | ||||||
National Grid PLC | 64,892 | 702,605 | ||||||
Orsted A/S | 3,598 | 334,465 | ||||||
Red Electrica Corp. SA | 8,233 | 166,765 | ||||||
Sempra Energy | 58,836 | 8,684,782 | ||||||
Severn Trent PLC | 4,517 | 120,230 | ||||||
Snam SpA | 38,742 | 195,695 | ||||||
Suez | 6,500 | 102,158 | ||||||
United Utilities Group PLC | 12,970 | 131,652 | ||||||
34,498,654 | ||||||||
TOTAL COMMON STOCKS | 393,699,500 | |||||||
(Cost $354,479,313) | ||||||||
PREFERRED STOCKS: 0.1% | ||||||||
CONSUMER DISCRETIONARY: 0.0% (c) | ||||||||
Bayerische Motoren Werke AG | 1,068 | 59,330 | ||||||
CONSUMER STAPLES: 0.1% | ||||||||
Henkel AG & Co. KGaA | 3,389 | 335,338 | ||||||
MATERIALS: 0.0% (c) | ||||||||
Fuchs Petrolub SE | 1,322 | 49,580 | ||||||
TOTAL PREFERRED STOCKS | 444,248 | |||||||
(Cost $526,253) | ||||||||
EXCHANGE-TRADED FUNDS: 3.8% | ||||||||
iShares Core MSCI EAFE ETF | 98,289 | 6,002,509 | ||||||
iShares Core S&P 500 ETF | 32,812 | 9,795,038 | ||||||
(Cost $15,492,688) | 15,797,547 | |||||||
MONEY MARKET: 0.5% | ||||||||
State Street Institutional U.S. Government Money Market Fund, 1.880% (d)(e) | 2,106,143 | 2,106,143 | ||||||
(Cost $2,106,143) | ||||||||
SECURITIES PURCHASED WITH CASH COLLATERAL FROM SECURITIES LENDING: 2.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.970% (d)(e) | 23,726 | 23,726 | ||||||
(Cost $23,726) | ||||||||
TOTAL INVESTMENTS: 102.3% | 412,071,164 | |||||||
(Cost $372,628,123) | ||||||||
PAYABLE UPON RETURN OF SECURITIES LOANED: -2.0% | (23,726 | ) | ||||||
Other assets and liabilities - (net): -0.3% | (1,078,524 | ) | ||||||
Net Assets: 100.0% | $ | 410,968,914 |
(a) | Security or partial position of this security was on loan as of September 30, 2019. The total market value of securities on loan as of September 30, 2019 was $1,687,603. |
(b) | Non-income producing security. |
(c) | Rounds to less than 0.05%. |
(d) | Rate shown represents annualized 7-day yield as of September 30, 2019. |
(e) | Premier Class shares |
SUMMARY OF INVESTMENTS BY COUNTRY | ||||||||
PERCENT | ||||||||
COUNTRY | VALUE | OF NET ASSETS | ||||||
Australia | $ | 14,664,886 | 3.6 | % | ||||
Belgium | 595,417 | 0.1 | % | |||||
Canada | 27,256,534 | 6.6 | % | |||||
Denmark | 1,097,581 | 0.3 | % | |||||
Finland | 2,088,350 | 0.5 | % | |||||
France | 30,237,631 | 7.3 | % | |||||
Germany | 9,884,079 | 2.4 | % | |||||
Hong Kong | 1,800,124 | 0.4 | % | |||||
Ireland | 46,399 | 0.0 | %* | |||||
Israel | 332,385 | 0.1 | % | |||||
Italy | 1,059,726 | 0.3 | % | |||||
Netherlands | 19,125,380 | 4.6 | % | |||||
New Zealand | 382,027 | 0.1 | % | |||||
Norway | 2,462,754 | 0.6 | % | |||||
Singapore | 628,246 | 0.2 | % | |||||
Spain | 1,504,180 | 0.4 | % | |||||
Sweden | 13,822,048 | 3.4 | % | |||||
Switzerland | 2,010,135 | 0.5 | % | |||||
United Kingdom | 14,296,976 | 3.5 | % | |||||
United States | 250,848,890 | 61.1 | % | |||||
Exchange-Traded Funds | 15,797,547 | 3.8 | % | |||||
Money Market | 2,106,143 | 0.5 | % | |||||
Other assets and liabilities (net) | (1,078,524 | ) | -0.3 | % | ||||
TOTAL | 410,968,914 | 100.0 | % |
* | Rounds to less than 0.05%. |