UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-23161
Nushares ETF Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Diana R. Gonzalez
Nuveen Investments
333 West Wacker Drive
Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: October 31
Date of reporting period: October 31, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
ITEM 1. | REPORTS TO STOCKHOLDERS. |
Fund Name | Listing Exchange | Ticker Symbol | |||
Nuveen ESG Emerging Markets Equity ETF | Cboe BZX Exchange, Inc. | NUEM | |||
Nuveen ESG International Developed Markets Equity ETF | Cboe BZX Exchange, Inc. | NUDM | |||
Nuveen ESG Large-Cap ETF | Cboe BZX Exchange, Inc. | NULC | |||
Nuveen ESG Large-Cap Growth ETF | Cboe BZX Exchange, Inc. | NULG | |||
Nuveen ESG Large-Cap Value ETF | Cboe BZX Exchange, Inc. | NULV | |||
Nuveen ESG Mid-Cap Growth ETF | Cboe BZX Exchange, Inc. | NUMG | |||
Nuveen ESG Mid-Cap Value ETF | Cboe BZX Exchange, Inc. | NUMV | |||
Nuveen ESG Small-Cap ETF | Cboe BZX Exchange, Inc. | NUSC |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NUEM at NAV | 6/06/17 | 16.41% | 6.16% | 0.45% |
NUEM at Market Price | 6/06/17 | 16.47% | 6.34% | — |
TIAA ESG Emerging Markets Equity Index | — | 17.34% | 6.95% | — |
MSCI Emerging Markets Index | — | 8.25% | 5.04% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NUDM at NAV | 6/06/17 | (5.91)% | 1.20% | 0.40% |
NUDM at Market Price | 6/06/17 | (5.67)% | 1.39% | — |
TIAA ESG International Developed Markets Equity Index | — | (5.64)% | 1.47% | — |
MSCI EAFE Index | — | (6.86)% | 0.60% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NULC at NAV | 6/03/19 | 11.71% | 17.39% | 0.20% |
NULC at Market Price | 6/03/19 | 11.43% | 17.12% | — |
TIAA ESG USA Large-Cap Index | — | 11.94% | 17.65% | — |
MSCI USA Index | — | 11.58% | 16.70% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NULG at NAV | 12/31/16 | 28.66% | 20.72% | 0.35% |
NULG at Market Price | 12/31/16 | 28.42% | 20.68% | — |
TIAA ESG USA Large-Cap Growth Index | — | 29.19% | 21.19% | — |
MSCI USA Growth Index | — | 32.94% | 21.20% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NULV at NAV | 12/31/16 | (7.87)% | 5.16% | 0.35% |
NULV at Market Price | 12/31/16 | (7.78)% | 5.19% | — |
TIAA ESG USA Large-Cap Value Index | — | (7.57)% | 5.53% | — |
MSCI USA Value Index | — | (8.42)% | 3.70% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NUMG at NAV | 12/31/16 | 29.43% | 16.59% | 0.40% |
NUMG at Market Price | 12/31/16 | 28.90% | 16.52% | — |
TIAA ESG USA Mid-Cap Growth Index | — | 30.00% | 17.10% | — |
MSCI USA Mid-Cap Growth Index | — | 24.64% | 15.30% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NUMV at NAV | 12/31/16 | (10.98)% | 2.49% | 0.40% |
NUMV at Market Price | 12/31/16 | (11.11)% | 2.51% | — |
TIAA ESG USA Mid-Cap Value Index | — | (10.64)% | 2.90% | — |
MSCI USA Mid-Cap Value Index | — | (11.33)% | 2.26% | — |
Total Returns as of October 31, 2020 | ||||
Average Annual | ||||
Inception Date | 1-Year | Since Inception | Expense Ratios | |
NUSC at NAV | 12/31/16 | 4.40% | 6.98% | 0.40% |
NUSC at Market Price | 12/31/16 | 4.44% | 7.03% | — |
TIAA ESG USA Small-Cap Index | — | 4.78% | 7.42% | — |
MSCI USA Small-Cap Index | — | 0.87% | 6.03% | — |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Common Stock Rights | 0.0% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Alibaba Group Holding Ltd, Sponsored ADR | 10.1% |
Tencent Holdings Ltd | 8.1% |
Taiwan Semiconductor Manufacturing Co Ltd | 6.9% |
Meituan Dianping, Class B | 3.5% |
China Construction Bank Corp | 1.9% |
Portfolio Composition (% of net assets) | |
Consumer Discretionary | 20.9% |
Information Technology | 18.6% |
Financials | 16.8% |
Communication Services | 12.7% |
Materials | 8.5% |
Industrials | 6.6% |
Consumer Staples | 6.1% |
Health Care | 3.6% |
Real Estate | 2.3% |
Utilities | 1.9% |
Energy | 1.8% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Country Allocation1 (% of net assets) | |
China | 41.8% |
Taiwan | 13.6% |
Korea, Republic Of | 10.7% |
India | 6.7% |
Brazil | 3.8% |
South Africa | 3.2% |
Saudi Arabia | 2.9% |
Malaysia | 1.8% |
Thailand | 1.8% |
Russia | 1.6% |
Other | 11.9% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
1 | Includes 96.2% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.4% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Nestle SA | 3.7% |
Sony Corp | 2.2% |
AstraZeneca PLC | 1.9% |
Nintendo Co Ltd | 1.9% |
L'Oreal SA | 1.9% |
Portfolio Composition (% of net assets) | |
Financials | 16.4% |
Industrials | 16.2% |
Consumer Staples | 13.5% |
Health Care | 12.9% |
Consumer Discretionary | 12.4% |
Materials | 8.2% |
Communication Services | 5.8% |
Information Technology | 4.9% |
Real Estate | 3.6% |
Utilities | 3.3% |
Energy | 2.2% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Country Allocation (% of net assets) | |
Japan | 25.7% |
United Kingdom | 14.8% |
Switzerland | 10.4% |
Germany | 9.3% |
France | 9.2% |
Australia | 6.9% |
Netherlands | 3.1% |
Sweden | 2.9% |
Denmark | 2.8% |
Spain | 2.1% |
Other | 12.2% |
Other Assets Less Liabilities | 0.6% |
Net Assets | 100% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 27.5% |
Health Care | 12.7% |
Financials | 11.1% |
Communication Services | 10.7% |
Consumer Discretionary | 10.4% |
Industrials | 9.5% |
Consumer Staples | 7.0% |
Real Estate | 4.0% |
Materials | 3.0% |
Utilities | 2.4% |
Energy | 1.5% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Microsoft Corp | 6.0% |
Alphabet Inc, Class C | 2.7% |
Procter & Gamble Co | 2.3% |
NVIDIA Corp | 2.2% |
Alphabet Inc | 2.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 36.8% |
Health Care | 16.7% |
Consumer Discretionary | 14.2% |
Communication Services | 13.7% |
Industrials | 9.0% |
Financials | 4.9% |
Consumer Staples | 4.6% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Alphabet Inc | 7.5% |
NVIDIA Corp | 3.3% |
salesforcecom Inc | 2.8% |
Mastercard Inc | 2.7% |
Thermo Fisher Scientific Inc | 2.6% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 19.4% |
Health Care | 13.3% |
Consumer Staples | 12.5% |
Industrials | 12.4% |
Information Technology | 10.3% |
Communication Services | 7.1% |
Utilities | 6.0% |
Consumer Discretionary | 5.5% |
Materials | 5.3% |
Real Estate | 4.9% |
Energy | 3.0% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | 0.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Procter & Gamble Co | 3.9% |
Verizon Communications Inc | 3.0% |
Walt Disney Co | 2.9% |
Coca-Cola Co | 2.8% |
PepsiCo Inc | 2.6% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 35.1% |
Health Care | 18.6% |
Industrials | 17.7% |
Communication Services | 11.8% |
Consumer Discretionary | 5.7% |
Financials | 4.3% |
Consumer Staples | 2.7% |
Real Estate | 2.4% |
Materials | 1.6% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Snap Inc | 4.2% |
Twilio Inc | 3.3% |
Splunk Inc | 3.0% |
Copart Inc | 2.7% |
ANSYS Inc | 2.7% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.7% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Financials | 18.6% |
Consumer Discretionary | 15.3% |
Real Estate | 14.0% |
Industrials | 13.4% |
Information Technology | 10.2% |
Health Care | 7.0% |
Utilities | 5.4% |
Materials | 5.4% |
Consumer Staples | 3.6% |
Energy | 3.4% |
Communication Services | 3.4% |
U.S. Government and Agency Obligations | 0.2% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Marvell Technology Group Ltd | 2.6% |
Best Buy Co Inc | 2.2% |
CMS Energy Corp | 2.2% |
Arthur J Gallagher & Co | 2.2% |
Darden Restaurants Inc | 2.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Common Stock Rights | 0.0% |
Investments Purchased with Collateral from Securities Lending | 0.7% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.7)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Information Technology | 16.8% |
Consumer Discretionary | 16.2% |
Health Care | 16.1% |
Industrials | 15.4% |
Financials | 12.9% |
Real Estate | 8.5% |
Consumer Staples | 4.3% |
Materials | 4.2% |
Utilities | 2.2% |
Communication Services | 1.7% |
Energy | 1.6% |
Investments Purchased with Collateral from Securities Lending | 0.7% |
U.S. Government and Agency Obligations | 0.1% |
Other Assets Less Liabilities | (0.7)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Generac Holdings Inc | 1.3% |
Pool Corp | 1.2% |
Entegris Inc | 1.1% |
Darling Ingredients Inc | 1.0% |
Service Corp International/US | 1.0% |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,270.10 |
Expenses Incurred During Period | $ 2.57 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,022.87 |
Expenses Incurred During the Period | $ 2.29 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,088.40 |
Expenses Incurred During Period | $ 2.10 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.13 |
Expenses Incurred During the Period | $ 2.03 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,155.30 |
Expenses Incurred During Period | $ 1.08 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,024.13 |
Expenses Incurred During the Period | $ 1.02 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,225.50 |
Expenses Incurred During Period | $ 1.96 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.38 |
Expenses Incurred During the Period | $ 1.78 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,066.80 |
Expenses Incurred During Period | $ 1.82 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.38 |
Expenses Incurred During the Period | $ 1.78 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,271.00 |
Expenses Incurred During Period | $ 2.28 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.13 |
Expenses Incurred During the Period | $ 2.03 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,131.80 |
Expenses Incurred During Period | $ 2.14 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.13 |
Expenses Incurred During the Period | $ 2.03 |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,233.50 |
Expenses Incurred During Period | $ 2.25 |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.13 |
Expenses Incurred During the Period | $ 2.03 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 12.7% | ||||||
39,653 | Advanced Info Service PCL, (2), (3) | $219,464 | ||||
192,436 | Axiata Group Bhd | 135,701 | ||||
120,314 | Chunghwa Telecom Co Ltd | 450,071 | ||||
106 | Globe Telecom Inc | 4,446 | ||||
282 | Hellenic Telecommunications Organization SA | 3,751 | ||||
2,286 | Intouch Holdings PCL, (2), (3) | 3,924 | ||||
3,843 | Maxis Bhd | 4,440 | ||||
777 | MultiChoice Group, (3) | 6,406 | ||||
2,001 | NAVER Corp | 511,404 | ||||
28,325 | Orange Polska SA, (3) | 43,448 | ||||
2,798 | SK Telecom Co Ltd | 527,692 | ||||
1,779 | Taiwan Mobile Co Ltd | 6,076 | ||||
26,589 | Telefonica Brasil SA | 196,167 | ||||
6,298 | Telekom Malaysia Bhd | 6,351 | ||||
49,287 | Tencent Holdings Ltd | 3,756,181 | ||||
5,136 | Total Access Communication PCL, (2), (3) | 5,067 | ||||
35,756 | True Corp PCL, (2), (3) | 3,120 | ||||
17,344 | Turkcell Iletisim Hizmetleri AS | 30,207 | ||||
521 | Vodacom Group Ltd | 3,929 | ||||
1,723 | Wanda Film Holding Co Ltd, (3) | 3,957 | ||||
258,027 | XL Axiata Tbk PT | 35,815 | ||||
Total Communication Services | 5,957,617 | |||||
Consumer Discretionary – 20.9% | ||||||
15,479 | Alibaba Group Holding Ltd, Sponsored ADR, (3) | 4,716,297 | ||||
37,313 | Asset World Corp PCL, (2), (3) | 3,496 | ||||
113,080 | BAIC Motor Corp Ltd, 144A | 41,704 | ||||
31 | Bosch Ltd | 4,869 | ||||
45,298 | BYD Co Ltd | 900,136 | ||||
7,692 | BYD Co Ltd, (3) | 183,574 | ||||
460 | FF Group, (3), (4) | 643 | ||||
32,713 | Geely Automobile Holdings Ltd | 67,157 | ||||
4,095 | Hangzhou Robam Appliances Co Ltd, (3) | 22,339 | ||||
208 | Hankook Tire & Technology Co Ltd | 5,802 | ||||
136 | Hero MotoCorp Ltd | 5,147 | ||||
8,140 | Home Product Center PCL, (2) | 3,656 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
4,961 | Hotai Motor Co Ltd | $104,411 | ||||
16,597 | Koolearn Technology Holding Ltd, 144A, (3) | 53,612 | ||||
7,523 | LG Electronics Inc | 556,916 | ||||
910 | Mahindra & Mahindra Ltd | 7,303 | ||||
44,364 | Meituan Dianping, Class B, (3) | 1,648,737 | ||||
65,638 | Minor International PCL, (2), (3) | 35,170 | ||||
192 | Minor International PCL | 38 | ||||
632 | Mr Price Group Ltd | 4,779 | ||||
4,222 | Naspers Ltd | 821,423 | ||||
11,361 | NIO Inc., ADR, (3) | 347,419 | ||||
39,353 | Suningcom Co Ltd, (3) | 56,947 | ||||
56,716 | TCL Technology Group Corp, (3) | 51,073 | ||||
6,719 | Titan Co Ltd | 105,857 | ||||
8,645 | Tongcheng-Elong Holdings Ltd, (3) | 14,336 | ||||
1,307 | Via Varejo S/A, (3) | 3,890 | ||||
Total Consumer Discretionary | 9,766,731 | |||||
Consumer Staples – 6.1% | ||||||
15,093 | Almarai Co JSC | 207,663 | ||||
31 | Amorepacific Corp | 4,317 | ||||
85 | Amorepacific Corp | 3,925 | ||||
127 | AMOREPACIFIC Group | 4,874 | ||||
600 | Angel Yeast Co Ltd, (3) | 4,733 | ||||
740 | Arca Continental SAB de CV | 3,217 | ||||
1,246 | Atacadao SA, (3) | 3,987 | ||||
3,135 | Berli Jucker PCL, (2), (3) | 2,892 | ||||
287 | BGF retail Co Ltd | 29,846 | ||||
290 | Bid Corp Ltd | 3,975 | ||||
101 | Britannia Industries Ltd | 4,741 | ||||
6,200 | By-health Co Ltd, (3) | 23,953 | ||||
9,200 | China Feihe Ltd, 144A | 20,856 | ||||
74,666 | China Mengniu Dairy Co Ltd | 350,951 | ||||
388 | Cia Brasileira de Distribuicao, (3) | 4,169 | ||||
16 | CJ CheilJedang Corp | 5,090 | ||||
293 | Clicks Group Ltd | 4,255 | ||||
7,797 | Coca-Cola Femsa SAB de CV, (3) | 29,583 | ||||
265 | Colgate-Palmolive India Ltd | 5,435 | ||||
3,283 | CP ALL PCL, (3) | 5,635 | ||||
141,541 | Dali Foods Group Co Ltd, 144A | 87,609 | ||||
74,871 | Fomento Economico Mexicano SAB de CV | 401,529 | ||||
508 | Godrej Consumer Products Ltd | 4,557 | ||||
400 | Gruma SAB de CV | 4,256 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
1,792 | GS Retail Co Ltd | $50,695 | ||||
18,650 | Hindustan Unilever Ltd | 522,197 | ||||
25,650 | Inner Mongolia Yili Industrial Group Co Ltd, (3) | 152,186 | ||||
810 | Kuala Lumpur Kepong Bhd | 4,137 | ||||
420 | Laobaixing Pharmacy Chain JSC, (3) | 4,486 | ||||
5 | LG Household & Health Care Ltd | 6,610 | ||||
150 | LG Household & Health Care Ltd | 91,346 | ||||
11,396 | Magnit OAO, GDR, REG S | 157,151 | ||||
497 | Natura & Co Holding SA, (3) | 3,974 | ||||
1,582 | Nestle India Ltd | 366,107 | ||||
2,835 | Osotspa PCL, (2) | 2,911 | ||||
987 | PPB Group Bhd | 4,466 | ||||
617 | President Chain Store Corp | 5,565 | ||||
1,245 | Savola Group | 15,204 | ||||
592 | Shoprite Holdings Ltd | 4,697 | ||||
491 | SPAR Group Ltd | 5,217 | ||||
1,814 | Standard Foods Corp | 3,875 | ||||
51,750 | Sun Art Retail Group Ltd | 55,922 | ||||
9,745 | Thai Union Group PCL, (2), (3) | 4,752 | ||||
300,715 | Unilever Indonesia Tbk PT | 160,895 | ||||
2,694 | Uni-President Enterprises Corp | 5,773 | ||||
Total Consumer Staples | 2,850,214 | |||||
Energy – 1.8% | ||||||
11,151 | Cosan SA | 125,686 | ||||
785,806 | IRPC PCL, (3) | 50,425 | ||||
4,701 | Motor Oil Hellas Corinth Refineries SA | 43,808 | ||||
18,786 | Offshore Oil Engineering Co Ltd, (3) | 11,867 | ||||
20,985 | Petronas Dagangan Bhd | 87,071 | ||||
34,457 | Qatar Fuel QSC | 162,774 | ||||
3,185 | S-Oil Corp | 152,415 | ||||
80,294 | Thai Oil PCL, (2), (3) | 88,235 | ||||
51,247 | Ultrapar Participacoes SA, (3) | 145,582 | ||||
Total Energy | 867,863 | |||||
Financials – 16.8% | ||||||
1,261 | Absa Group Ltd | 6,746 | ||||
3,240 | Abu Dhabi Commercial Bank PJSC | 5,178 | ||||
100,901 | Axis Bank Ltd, (3) | 668,521 | ||||
14,874 | Ayala Corp | 234,481 | ||||
51,897 | B3 SA - Brasil Bolsa Balcao, (3) | 459,477 | ||||
65,472 | Banco Bradesco SA, (3) | 228,914 | ||||
17,793 | Banco Bradesco SA, (3) | 56,070 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
183 | Banco de Credito e Inversiones SA | $5,722 | ||||
6,849 | Banco do Brasil SA, (3) | 35,397 | ||||
893 | Banco Santander Brasil SA | 4,964 | ||||
95,282 | Banco Santander Chile | 3,332 | ||||
689 | Bancolombia SA | 4,379 | ||||
7,218 | Bancolombia SA | 45,877 | ||||
33,699 | Bandhan Bank Ltd, 144A | 131,781 | ||||
1,357 | Bangkok Bank PCL | 4,223 | ||||
2,483 | Bank Central Asia Tbk PT | 4,915 | ||||
527,305 | Bank Negara Indonesia Persero Tbk PT | 170,901 | ||||
22,793 | Bank of Hangzhou Co Ltd, (3) | 44,148 | ||||
4,719 | Bank Polska Kasa Opieki SA, (3) | 50,325 | ||||
186,059 | Bank Rakyat Indonesia Persero Tbk PT | 42,746 | ||||
40,448 | Banque Saudi Fransi | 320,323 | ||||
2,564 | BDO Unibank Inc | 4,710 | ||||
260,626 | Cathay Financial Holding Co Ltd | 349,889 | ||||
1,067 | Chailease Holding Co Ltd | 5,166 | ||||
1,311,059 | China Construction Bank Corp | 904,488 | ||||
3,976 | Commercial Bank PQSC | 4,641 | ||||
3,525 | Dongbu Insurance Co Ltd | 137,465 | ||||
5,882 | ESun Financial Holding Co Ltd | 4,997 | ||||
71,696 | First Abu Dhabi Bank PJSC | 223,687 | ||||
6,165 | First Financial Holding Co Ltd | 4,321 | ||||
4,549 | FirstRand Ltd | 10,526 | ||||
307,816 | Fubon Financial Holding Co Ltd | 437,992 | ||||
64,037 | Grupo Financiero Banorte SAB de CV, (3) | 284,709 | ||||
547 | GT Capital Holdings, Inc | 4,860 | ||||
4,812 | Haitong Securities Co Ltd | 4,058 | ||||
2,000 | Haitong Securities Co Ltd, (3) | 4,193 | ||||
7,757 | Hua Nan Financial Holdings Co Ltd | 4,664 | ||||
4,150 | Huaxia Bank Co Ltd, (3) | 3,756 | ||||
773 | Hyundai Marine & Fire Insurance Co Ltd | 15,873 | ||||
88,047 | Industrial Bank Co Ltd, (3) | 234,047 | ||||
2,595 | Itausa SA | 4,091 | ||||
1,947 | Kasikornbank PCL | 4,701 | ||||
9,151 | KB Financial Group Inc | 323,394 | ||||
632 | Komercni banka as, (3) | 12,791 | ||||
4,724 | Krungthai Card PCL, (2), (3) | 5,987 | ||||
2,508 | Malayan Banking Bhd | 4,225 | ||||
83 | mBank SA | 2,419 | ||||
4,928 | MCB Bank Ltd | 5,091 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
4,323 | Mega Financial Holding Co Ltd | $4,164 | ||||
1,925 | Moneta Money Bank AS, 144A | 4,356 | ||||
2,284 | Muangthai Capital PCL, (2), (3) | 4,012 | ||||
1,445 | Nedbank Group Ltd | 8,535 | ||||
332,983 | Old Mutual Ltd | 192,223 | ||||
153 | OTP Bank Nyrt, (3) | 4,765 | ||||
69,609 | Ping An Insurance Group Co of China Ltd | 714,056 | ||||
28,500 | Ping An Insurance Group Co of China Ltd, (3) | 331,253 | ||||
49,374 | Public Bank Bhd | 179,196 | ||||
34,707 | Qatar National Bank QPSC | 168,721 | ||||
843 | Remgro Ltd | 4,481 | ||||
3,189 | RHB Bank Bhd | 3,247 | ||||
198 | Samsung Card Co Ltd | 5,130 | ||||
2,178 | Samsung Fire & Marine Insurance Co Ltd | 343,582 | ||||
40,276 | Sanlam Ltd | 117,169 | ||||
101 | Santander Bank Polska SA, (3) | 3,134 | ||||
2,565 | Shanghai Commercial & Savings Bank Ltd | 3,322 | ||||
2,708 | Shinhan Financial Group Co Ltd | 72,431 | ||||
20,439 | Standard Bank Group Ltd | 133,423 | ||||
11,255 | Taishin Financial Holding Co Ltd | 4,958 | ||||
11,073 | Taiwan Business Bank | 3,639 | ||||
4,560 | Turkiye Garanti Bankasi AS, (3) | 3,590 | ||||
6,976 | Yuanta Financial Holding Co Ltd | 4,329 | ||||
Total Financials | 7,848,877 | |||||
Health Care – 3.6% | ||||||
90,577 | 3SBio Inc, 144A, (3) | 84,213 | ||||
1,791 | AK Medical Holdings Ltd, 144A | 3,991 | ||||
9,260 | Alibaba Health Information Technology Ltd, (3) | 24,180 | ||||
602 | Aspen Pharmacare Holdings Ltd, (3) | 3,911 | ||||
123 | Asymchem Laboratories Tianjin Co Ltd, (3) | 5,035 | ||||
5,462 | Bangkok Dusit Medical Services PCL, (3) | 3,067 | ||||
1,130 | Beijing Tongrentang Co Ltd, (3) | 4,539 | ||||
1,007 | Bumrungrad Hospital PCL, (2), (3) | 2,940 | ||||
176 | CanSino Biologics Inc, 144A, (3) | 3,425 | ||||
4,956 | China Medical System Holdings Ltd | 5,189 | ||||
671 | China National Medicines Corp Ltd, (3) | 4,288 | ||||
1,018 | China Resources Sanjiu Medical & Pharmaceutical Co Ltd, (3) | 4,117 | ||||
272,843 | CSPC Pharmaceutical Group Ltd | 287,449 | ||||
4,793 | Genscript Biotech Corp, (3) | 6,638 | ||||
1,018 | Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd, (3) | 4,640 | ||||
400 | Guangzhou Kingmed Diagnostics Group Co Ltd, (3) | 6,293 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
17 | Hanmi Pharm Co Ltd | $3,933 | ||||
1,122 | Hartalega Holdings Bhd | 4,861 | ||||
1,451 | Huadong Medicine Co Ltd, (3) | 6,043 | ||||
3,260 | Hutchison China MediTech Ltd, ADR, (3) | 95,974 | ||||
2,963 | IHH Healthcare Bhd | 3,544 | ||||
500 | Jafron Biomedical Co Ltd, (3) | 5,921 | ||||
1,700 | Jointown Pharmaceutical Group Co Ltd, (3) | 4,610 | ||||
42,671 | Kalbe Farma Tbk PT | 4,449 | ||||
2,350 | Kossan Rubber Industries | 4,242 | ||||
3,981 | Life Healthcare Group Holdings Ltd | 3,991 | ||||
600 | Livzon Pharmaceutical Group Inc | 4,333 | ||||
124,683 | Luye Pharma Group Ltd, 144A | 72,030 | ||||
390 | Notre Dame Intermedica Participacoes SA, (3) | 4,447 | ||||
500 | Ovctek China Inc, (3) | 5,089 | ||||
5,292 | Piramal Enterprises Ltd | 89,973 | ||||
172 | Richter Gedeon Nyrt | 3,509 | ||||
40 | Samsung Biologics Co Ltd, 144A, (3) | 24,042 | ||||
1,612 | Shanghai Fosun Pharmaceutical Group Co Ltd | 6,621 | ||||
800 | Shanghai Fosun Pharmaceutical Group Co Ltd, (3) | 6,497 | ||||
47,361 | Shanghai Pharmaceuticals Holding Co Ltd | 73,287 | ||||
1,400 | Shanghai Pharmaceuticals Holding Co Ltd, (3) | 4,165 | ||||
100 | Shenzhen Mindray Bio-Medical Electronics Co Ltd, (3) | 5,776 | ||||
94,897 | Sinopharm Group Co Ltd | 216,842 | ||||
8,400 | SSY Group Ltd | 4,582 | ||||
1,830 | Supermax Corp BHD, (3) | 4,171 | ||||
5,900 | Tianjin Chase Sun Pharmaceutical Co Ltd, (3) | 4,864 | ||||
100 | Topchoice Medical Corp, (3) | 3,364 | ||||
1,774 | Winning Health Technology Group Co Ltd, (3) | 4,713 | ||||
12,964 | WuXi AppTec Co Ltd, 144A | 206,458 | ||||
8,775 | WuXi AppTec Co Ltd, (3) | 147,712 | ||||
5,852 | Wuxi Biologics Cayman Inc, (3) | 163,452 | ||||
88 | Yuhan Corp | 4,614 | ||||
305 | Yunnan Baiyao Group Co Ltd, (3) | 4,690 | ||||
990 | Zhejiang Huahai Pharmaceutical Co Ltd, (3) | 4,981 | ||||
Total Health Care | 1,661,695 | |||||
Industrials – 6.6% | ||||||
87 | 51job Inc., ADR, (3) | 6,099 | ||||
5,376 | Air China Ltd | 3,466 | ||||
4,306 | Air China Ltd, (3) | 4,366 | ||||
36,254 | Airports of Thailand PCL, (2), (3) | 60,196 | ||||
16,484 | A-Living Services Co Ltd, 144A | 69,083 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
1,816 | Aselsan Elektronik Sanayi Ve Ticaret AS | $3,629 | ||||
1,572 | BEST Inc., ADR, (3) | 4,040 | ||||
464 | Bidvest Group Ltd | 3,805 | ||||
14,573 | BOC Aviation Ltd, 144A | 89,920 | ||||
11,442 | BTS Group Holdings PCL, (2), (3) | 3,267 | ||||
1,860 | CCR SA | 3,600 | ||||
9,284 | China Eastern Airlines Corp Ltd | 3,687 | ||||
6,646 | China Eastern Airlines Corp Ltd, (3) | 4,556 | ||||
77,236 | China Lesso Group Holdings Ltd | 124,695 | ||||
64 | CJ Corp | 4,287 | ||||
5,229 | Contemporary Amperex Technology Co Ltd, (3) | 193,011 | ||||
56,360 | Country Garden Services Holdings Co Ltd | 353,574 | ||||
52,667 | ElSwedy Cables Holding Co | 24,891 | ||||
9,696 | Eva Airways Corp | 3,661 | ||||
807 | Eve Energy Co Ltd, (3) | 6,415 | ||||
10,150 | Evergreen Marine Corp Taiwan Ltd, (3) | 6,707 | ||||
5,085 | Far Eastern New Century Corp | 4,578 | ||||
4,233 | GS Engineering & Construction Corp | 99,604 | ||||
2,298 | HAP Seng Consolidated Bhd | 4,054 | ||||
618 | Havells India Ltd | 6,081 | ||||
419 | Hiwin Technologies Corp | 3,648 | ||||
668 | Hyundai Heavy Industries Holdings Co Ltd | 126,277 | ||||
3,693 | JG Summit Holdings Inc | 4,902 | ||||
6,712 | LG Corp | 401,052 | ||||
21,168 | Localiza Rent a Car SA, (3) | 222,767 | ||||
174 | Lotte Corp | 4,355 | ||||
4,110 | Malaysia Airports Holdings Bhd | 4,135 | ||||
94,702 | MISC Bhd | 150,201 | ||||
1,212 | Rumo SA, (3) | 3,855 | ||||
14,527 | Shanghai Electric Group Co Ltd, (3) | 4,121 | ||||
5,300 | Shanghai Electric Group Co Ltd, (3) | 3,910 | ||||
29,992 | Shanghai Industrial Holdings Ltd | 39,990 | ||||
4,100 | Shanghai International Airport Co Ltd, (3) | 40,472 | ||||
48,955 | Shenzhen Expressway Co Ltd | 43,558 | ||||
1,365 | Shenzhen Inovance Technology Co Ltd, (3) | 13,095 | ||||
225 | Siemens Ltd | 3,849 | ||||
8,762 | Sime Darby Bhd | 5,082 | ||||
13,572 | Sinotrans Ltd, (3) | 8,269 | ||||
48,197 | Sinotruk Hong Kong Ltd | 122,810 | ||||
3,671 | Taiwan High Speed Rail Corp | 3,882 | ||||
3,827 | Turk Hava Yollari AO, (3) | 4,118 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
34,494 | WEG SA | $453,639 | ||||
6,193 | Westports Holdings Bhd | 5,813 | ||||
52,711 | Xinjiang Goldwind Science & Technology Co Ltd | 69,331 | ||||
14,702 | Xinjiang Goldwind Science & Technology Co Ltd, (3) | 25,425 | ||||
100,970 | Zhejiang Expressway Co Ltd | 68,747 | ||||
6,579 | Zhejiang Weixing New Building Materials Co Ltd, (3) | 18,373 | ||||
9,432 | Zhengzhou Yutong Bus Co Ltd, (3) | 22,537 | ||||
26,702 | Zoomlion Heavy Industry Science and Technology Co Ltd, (3) | 29,508 | ||||
93,003 | Zoomlion Heavy Industry Science and Technology Co Ltd | 81,911 | ||||
Total Industrials | 3,080,904 | |||||
Information Technology – 18.6% | ||||||
9,872 | 360 Security Technology Inc | 23,308 | ||||
51,284 | AAC Technologies Holdings Inc | 270,147 | ||||
527 | Accton Technology Corp | 3,823 | ||||
8,090 | Acer Inc | 6,746 | ||||
1,500 | Addsino Co Ltd, (3) | 4,507 | ||||
25,996 | ASE Technology Holding Co Ltd | 57,439 | ||||
540,704 | AU Optronics Corp, (3) | 218,335 | ||||
3,751 | Beijing Shiji Information Technology Co Ltd, (3) | 20,636 | ||||
142,967 | BOE Technology Group Co Ltd, (3) | 100,987 | ||||
2,246 | BYD Electronic International Co Ltd | 9,645 | ||||
1,537 | Chicony Electronics Co Ltd | 4,627 | ||||
309 | China National Software & Service Co Ltd, (3) | 3,235 | ||||
1,100 | China TransInfo Technology Co Ltd, (3) | 3,645 | ||||
5,924 | Cielo SA, (3) | 3,462 | ||||
7,153 | Compal Electronics Inc | 4,651 | ||||
53,709 | Delta Electronics Inc | 356,764 | ||||
477 | Glodon Co Ltd, (3) | 5,056 | ||||
13,700 | GoerTek Inc, (3) | 92,803 | ||||
519 | HCL Technologies Ltd | 5,916 | ||||
735 | Info Edge India Ltd | 35,120 | ||||
55,503 | Infosys Ltd | 794,189 | ||||
5,718 | Inventec Corp | 4,518 | ||||
2,148 | Kingdee International Software Group Co Ltd | 5,637 | ||||
40,682 | Legend Holdings Corp, 144A | 54,768 | ||||
509,850 | Lenovo Group Ltd | 318,868 | ||||
16,352 | LG Display Co Ltd, (3) | 202,473 | ||||
1,004 | LG Innotek Co Ltd | 134,492 | ||||
2,791 | Lite-On Technology Corp | 4,542 | ||||
1,423 | Micro-Star International Co Ltd | 5,721 | ||||
1,941 | Samsung SDI Co Ltd | 756,078 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
213,478 | Taiwan Semiconductor Manufacturing Co Ltd | $3,224,168 | ||||
20,316 | Tata Consultancy Services Ltd | 730,192 | ||||
586 | Tech Mahindra Ltd | 6,415 | ||||
1,080 | Unisplendour Corp Ltd, (3) | 3,548 | ||||
306,533 | United Microelectronics Corp | 329,000 | ||||
2,047 | Vanguard International Semiconductor Corp, (3) | 6,670 | ||||
23,645 | Win Semiconductors Corp, (3) | 257,087 | ||||
30,072 | Wipro Ltd | 138,374 | ||||
4,689 | Wistron Corp | 4,672 | ||||
79,463 | Xinyi Solar Holdings Ltd | 144,481 | ||||
26,184 | Yageo Corp | 325,429 | ||||
Total Information Technology | 8,682,174 | |||||
Materials – 8.5% | ||||||
50 | Anglo American Platinum Ltd | 3,278 | ||||
78,700 | Baoshan Iron & Steel Co Ltd, (3) | 62,760 | ||||
1,888,322 | Barito Pacific Tbk PT, (3) | 116,205 | ||||
9,798 | Beijing Oriental Yuhong Waterproof Technology Co Ltd, (3) | 54,241 | ||||
14,579 | China Jushi Co Ltd, (3) | 30,372 | ||||
222,162 | China Molybdenum Co Ltd | 80,501 | ||||
7,565 | China Molybdenum Co Ltd, (3) | 4,462 | ||||
3,400 | China Northern Rare Earth Group High-Tech Co Ltd, (3) | 5,113 | ||||
75,358 | China Steel Corp | 53,482 | ||||
19,067 | Empresas CMPC SA | 39,613 | ||||
98,256 | Eregli Demir ve Celik Fabrikalari TAS | 111,700 | ||||
4,709 | Ganfeng Lithium Co Ltd, (3) | 42,770 | ||||
4,800 | GEM Co Ltd, (3) | 3,441 | ||||
364 | Gold Fields Ltd | 3,868 | ||||
516 | Grasim Industries Ltd | 5,428 | ||||
4,700 | Guangdong HEC Technology Holding Co Ltd, (3) | 3,994 | ||||
500 | Guangdong Hongda Blasting Co Ltd, (3) | 3,559 | ||||
5,521 | Hanwha Solutions Corp | 212,627 | ||||
4,158 | Hengli Petrochemical Co Ltd, (3) | 11,984 | ||||
18,578 | Impala Platinum Holdings Ltd | 163,236 | ||||
4,527 | Indorama Ventures PCL, (2), (3) | 3,210 | ||||
277 | Industrias Penoles SAB de CV | 4,411 | ||||
300 | Jiangsu Yangnong Chemical Co Ltd, (3) | 4,171 | ||||
5,547 | KGHM Polska Miedz SA, (3) | 165,345 | ||||
1,020 | Klabin SA | 4,200 | ||||
228 | Korea Zinc Co Ltd | 76,857 | ||||
4,575 | Kumba Iron Ore Ltd | 135,236 | ||||
52 | Kumho Petrochemical Co Ltd | 6,095 |
Shares | Description (1) | Value | ||||
Materials (continued) | ||||||
91,838 | Lee & Man Paper Manufacturing Ltd | $69,279 | ||||
531 | Lotte Chemical Corp | 109,036 | ||||
25,200 | Maanshan Iron & Steel Co Ltd, (3) | 9,709 | ||||
28,135 | Nan Ya Plastics Corp | 57,738 | ||||
608 | Northam Platinum Ltd, (3) | 5,793 | ||||
35,900 | Pangang Group Vanadium Titanium & Resources Co Ltd, (3) | 10,669 | ||||
169,370 | Petronas Chemicals Group Bhd | 238,463 | ||||
4,477 | PhosAgro PJSC GDR | 51,575 | ||||
238 | Pidilite Industries Ltd | 5,047 | ||||
3,747 | Polymetal International PLC | 79,432 | ||||
4,761 | Polyus PJSC GDR | 468,006 | ||||
5,508 | Press Metal Aluminium Holdings Bhd | 7,278 | ||||
71,471 | PTT Global Chemical PCL, (2), (3) | 91,725 | ||||
22,398 | Saudi Basic Industries Corp | 537,509 | ||||
12,900 | Shandong Nanshan Aluminum Co Ltd, (3) | 4,527 | ||||
800 | Shandong Sinocera Functional Material Co Ltd, (3) | 4,898 | ||||
300 | Shanghai Putailai New Energy Technology Co Ltd, (3) | 4,993 | ||||
23,418 | Shanxi Taigang Stainless Steel Co Ltd, (3) | 12,240 | ||||
18,698 | Siam Cement PCL, (2) | 202,773 | ||||
234,742 | Sinopec Shanghai Petrochemical Co Ltd | 43,287 | ||||
25,800 | Sinopec Shanghai Petrochemical Co Ltd, (3) | 12,753 | ||||
4,176 | Sociedad Quimica y Minera de Chile SA | 152,413 | ||||
3,230 | Taiwan Cement Corp | 4,579 | ||||
1,800 | Tianqi Lithium Corp, (3) | 5,322 | ||||
2,600 | Tongkun Group Co Ltd, (3) | 5,875 | ||||
13,300 | Tongling Nonferrous Metals Group Co Ltd | 4,310 | ||||
3,265 | UPL Ltd | 19,958 | ||||
17,894 | Yanbu National Petrochemical Co | 274,353 | ||||
660 | Yunnan Energy New Material Co Ltd, (3) | 9,837 | ||||
4,414 | Zhaojin Mining Industry Co Ltd | 5,663 | ||||
4,851 | Zhejiang Huayou Cobalt Co Ltd, (3) | 28,818 | ||||
Total Materials | 3,950,017 | |||||
Real Estate – 2.3% | ||||||
27,463 | Aldar Properties PJSC | 20,486 | ||||
3,143 | Central Pattana PCL, (2), (3) | 3,882 | ||||
900 | China Merchants Property Operation & Service Co Ltd, (3) | 3,421 | ||||
2,467 | China Merchants Shekou Industrial Zone Holdings Co Ltd, (3) | 5,180 | ||||
115,095 | China Overseas Land & Investment Ltd | 287,929 | ||||
54,027 | China Vanke Co Ltd | 167,205 | ||||
22,434 | China Vanke Co Ltd, (3) | 92,299 | ||||
19,522 | DLF Ltd | 41,859 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
34,379 | Greenland Holdings Corp Ltd, (3) | $31,780 | ||||
6,278 | Growthpoint Properties Ltd | 4,099 | ||||
12,300 | Guangzhou R&F Properties Co Ltd | 15,576 | ||||
3,972 | Jinke Properties Group Co Ltd, (3) | 4,597 | ||||
1,147 | KWG Living Group Holdings Ltd, (3) | 899 | ||||
2,294 | KWG Property Holding Ltd | 3,029 | ||||
2,855 | Logan Group Co Ltd | 4,462 | ||||
49,951 | Poly Developments and Holdings Group Co Ltd, (3) | 114,579 | ||||
455 | Poly Property Services Co Ltd | 3,271 | ||||
3,684 | Ruentex Development Co Ltd | 5,087 | ||||
13,748 | Shenzhen Investment Ltd | 4,184 | ||||
10,265 | Shimao Group Holdings Ltd | 36,203 | ||||
159 | Shimao Services Holdings Ltd, 144A, (3) | 340 | ||||
17,945 | Sino-Ocean Group Holding Ltd | 3,425 | ||||
87,181 | SM Prime Holdings Inc | 60,702 | ||||
9,942 | SOHO China Ltd, (3) | 2,654 | ||||
994 | Sunac China Holdings Ltd | 3,666 | ||||
64,964 | Wharf Holdings Ltd | 134,035 | ||||
Total Real Estate | 1,054,849 | |||||
Utilities – 1.9% | ||||||
11,357 | Aguas Andinas SA | 2,947 | ||||
157,798 | China Longyuan Power Group Corp Ltd | 107,846 | ||||
2,603 | Cia Energetica de Minas Gerais | 4,627 | ||||
370 | Cia Paranaense de Energia, (3) | 3,963 | ||||
858 | CPFL Energia SA | 4,147 | ||||
1,350,575 | Enel Americas SA | 179,023 | ||||
68,736 | Enel Chile SA | 4,608 | ||||
656 | Energisa SA | 4,775 | ||||
2,973 | Energy Absolute PCL, (2), (3) | 3,625 | ||||
541 | Engie Brasil Energia SA | 3,743 | ||||
1,201 | Equatorial Energia SA | 4,151 | ||||
4,539 | Gulf Energy Development PCL, (2), (3) | 4,150 | ||||
1,524 | Infraestructura Energetica Nova SAB de CV, (3) | 5,080 | ||||
31,334 | Interconexion Electrica SA ESP | 169,568 | ||||
15,815 | Manila Electric Co | 98,027 | ||||
129,483 | Power Grid Corp of India Ltd | 300,437 | ||||
Total Utilities | 900,717 | |||||
Total Common Stocks (cost $37,498,413) | 46,621,658 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
Information Technology – 0.0% | ||||||
3,176 | Legend Holdings Corp, (4) | $ — | ||||
Total Common Stock Rights (cost $-) | 0 | |||||
Total Long-Term Investments (cost $37,498,413) | 46,621,658 | |||||
Other Assets Less Liabilities – 0.2% | 73,754 | |||||
Net Assets – 100% | $ 46,695,412 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.4% | ||||||
COMMON STOCKS – 99.4% | ||||||
Communication Services – 5.8% | ||||||
4,447 | BT Group PLC | $5,830 | ||||
96 | Elisa Oyj | 4,723 | ||||
1,593 | Informa PLC, (2) | 8,610 | ||||
270 | JCDecaux SA, (2) | 4,167 | ||||
7,873 | KDDI Corp | 210,306 | ||||
2,393 | Koninklijke KPN NV | 6,467 | ||||
1,864 | Nintendo Co Ltd | 1,015,982 | ||||
5,153 | Nippon Telegraph & Telephone Corp | 108,246 | ||||
5,915 | NTT DOCOMO Inc | 219,931 | ||||
424 | Orange SA | 4,756 | ||||
5,473 | Pearson PLC | 36,091 | ||||
231 | Schibsted ASA, (2) | 8,279 | ||||
329,528 | Singapore Telecommunications Ltd | 489,888 | ||||
13 | Swisscom AG | 6,614 | ||||
405 | Tele2 AB | 4,802 | ||||
1,672 | Telefonica Deutschland Holding AG | 4,221 | ||||
29,023 | Telenor ASA | 446,935 | ||||
1,621 | Telia Co AB | 6,214 | ||||
222 | Vivendi SA | 6,411 | ||||
386,510 | Vodafone Group PLC | 514,750 | ||||
752 | WPP PLC | 5,995 | ||||
Total Communication Services | 3,119,218 | |||||
Consumer Discretionary – 12.4% | ||||||
22 | adidas AG, (2) | 6,535 | ||||
2,261 | Bayerische Motoren Werke AG | 116,937 | ||||
6,222 | Bayerische Motoren Werke AG | 425,295 | ||||
180 | Benesse Holdings Inc | 4,234 | ||||
216 | Bridgestone Corp | 7,004 | ||||
290 | Burberry Group PLC | 5,085 | ||||
194 | Cie Financiere Richemont SA | 12,171 | ||||
55 | Cie Generale des Etablissements Michelin SCA | 5,935 | ||||
29,945 | Compass Group PLC, (2) | 408,484 | ||||
1,017 | Delivery Hero SE, 144A, (2) | 117,020 | ||||
291 | Electrolux AB | 6,568 | ||||
9 | Fast Retailing Co Ltd | 6,260 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
8,979 | Honda Motor Co Ltd | $209,143 | ||||
781 | Husqvarna AB | 8,072 | ||||
14,510 | Industria de Diseno Textil SA, (2) | 358,153 | ||||
639 | Isuzu Motors Ltd | 5,153 | ||||
785 | JD Sports Fashion PLC | 7,523 | ||||
671 | Kering SA | 405,267 | ||||
1,633 | Kingfisher PLC, (2) | 6,062 | ||||
360 | Marui Group Co Ltd | 6,453 | ||||
891 | Mazda Motor Corp, (2) | 4,654 | ||||
2,969 | Mercari Inc, (2) | 124,963 | ||||
67 | Next PLC, (2) | 5,059 | ||||
367 | NGK Spark Plug Co Ltd | 6,407 | ||||
12,374 | Nikon Corp | 74,452 | ||||
10,121 | Ocado Group PLC, (2) | 297,848 | ||||
5,148 | Oriental Land Co Ltd/Japan | 718,228 | ||||
77,338 | Panasonic Corp | 710,719 | ||||
216 | Pandora A/S, (2) | 17,107 | ||||
165 | Persimmon PLC | 4,984 | ||||
23,738 | Peugeot SA, (2) | 426,658 | ||||
11,134 | Pirelli & C SpA, 144A, (2) | 46,431 | ||||
52 | Prosus NV, (2) | 5,196 | ||||
80 | Puma SE, (2) | 6,993 | ||||
34,815 | Rakuten Inc, (2) | 338,026 | ||||
7,799 | Renault SA, (2) | 193,094 | ||||
649 | SEB SA | 105,536 | ||||
430 | Sega Sammy Holdings Inc, (2) | 5,372 | ||||
464 | Sekisui Chemical Co Ltd | 7,190 | ||||
13,929 | Sony Corp | 1,155,731 | ||||
215 | Stanley Electric Co Ltd | 6,088 | ||||
0 | Taylor Wimpey PLC, (2) | 0 | ||||
3,984 | Taylor Wimpey PLC | 5,450 | ||||
6,803 | Valeo SA | 205,799 | ||||
246 | Whitbread PLC, (2) | 6,829 | ||||
403 | Yamaha Motor Co Ltd | 5,717 | ||||
67 | Zalando SE, 144A, (2) | 6,258 | ||||
199 | ZOZO Inc | 5,046 | ||||
Total Consumer Discretionary | 6,623,189 | |||||
Consumer Staples – 13.5% | ||||||
235 | Aeon Co Ltd | 5,987 | ||||
14,272 | Associated British Foods PLC | 313,252 | ||||
3 | Barry Callebaut AG | 6,196 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
52 | Beiersdorf AG | $5,445 | ||||
384 | Carrefour SA | 5,976 | ||||
20,178 | Coca-Cola Amatil Ltd | 176,133 | ||||
8,302 | Coca-Cola European Partners PLC | 296,464 | ||||
8,098 | Coca-Cola HBC AG, (2) | 183,761 | ||||
10,873 | Danone SA | 600,341 | ||||
2,643 | Essity AB | 76,578 | ||||
4,171 | Henkel AG & Co KGaA | 377,269 | ||||
119 | ICA Gruppen AB | 5,632 | ||||
2,487 | J Sainsbury PLC | 6,483 | ||||
451 | Jeronimo Martins SGPS SA | 7,166 | ||||
9,423 | Kao Corp | 668,822 | ||||
585 | Kerry Group PLC | 69,984 | ||||
2,524 | Koninklijke Ahold Delhaize NV | 69,357 | ||||
119 | Lawson Inc | 5,470 | ||||
3,132 | L'Oreal SA | 1,013,136 | ||||
7,184 | METRO AG, (2) | 69,875 | ||||
17,790 | Mowi ASA, (2) | 280,375 | ||||
17,625 | Nestle SA | 1,982,584 | ||||
29,969 | Orkla ASA | 282,420 | ||||
209,355 | Tesco PLC | 556,280 | ||||
3,021 | Unilever NV | 170,848 | ||||
2,004 | Wm Morrison Supermarkets PLC | 4,221 | ||||
Total Consumer Staples | 7,240,055 | |||||
Energy – 2.2% | ||||||
10,196 | Ampol Ltd | 185,734 | ||||
2,865 | Koninklijke Vopak NV | 148,943 | ||||
15,661 | Neste Oyj | 815,085 | ||||
Total Energy | 1,149,762 | |||||
Financials – 16.4% | ||||||
39,274 | 3i Group PLC | 488,008 | ||||
72,541 | Aegon NV | 195,616 | ||||
895 | Allianz SE | 157,486 | ||||
69 | Amundi SA, 144A, (2) | 4,525 | ||||
30,904 | Assicurazioni Generali SpA | 414,343 | ||||
572 | ASX Ltd | 31,986 | ||||
53,150 | Australia & New Zealand Banking Group Ltd | 702,076 | ||||
77,327 | Aviva PLC | 257,458 | ||||
320 | AXA SA | 5,144 | ||||
93,528 | Banco Bilbao Vizcaya Argentaria SA, (2) | 268,225 | ||||
45,940 | Bank Hapoalim BM | 269,577 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
149,721 | BOC Hong Kong Holdings Ltd | $415,095 | ||||
2,988 | CaixaBank SA, (2) | 5,437 | ||||
1,738 | Century Leasing System, Inc | 84,622 | ||||
3,033 | CNP Assurances, (2) | 34,164 | ||||
663 | Credit Agricole SA, (2) | 5,238 | ||||
26 | Deutsche Boerse AG | 3,827 | ||||
1,558 | Direct Line Insurance Group PLC | 5,308 | ||||
385 | DNB ASA | 5,184 | ||||
2,429 | Erste Group Bank AG | 49,741 | ||||
110 | Eurazeo SE, (2) | 5,002 | ||||
18,311 | Hang Seng Bank Ltd | 281,459 | ||||
13,055 | Hong Kong Exchanges & Clearing Ltd | 623,218 | ||||
899 | ING Groep NV, (2) | 6,136 | ||||
1,656 | Insurance Australia Group Ltd | 5,547 | ||||
380,433 | Intesa Sanpaolo SpA, (2) | 629,092 | ||||
9,125 | Investor AB, (2) | 547,839 | ||||
47,564 | Israel Discount Bank Ltd | 134,066 | ||||
212 | Julius Baer Group Ltd | 9,470 | ||||
842 | KBC Group NV, (2) | 41,517 | ||||
195 | Kinnevik AB, (2) | 8,000 | ||||
125,594 | Legal & General Group PLC | 300,102 | ||||
99 | London Stock Exchange Group PLC | 10,596 | ||||
1,413 | Mitsubishi UFJ Lease & Finance Co Ltd, (2) | 5,947 | ||||
255 | MS&AD Insurance Group Holdings Inc | 6,939 | ||||
2,620 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 612,823 | ||||
38,297 | Natixis SA, (2) | 89,042 | ||||
518 | ORIX Corp | 6,023 | ||||
1,096 | Oversea-Chinese Banking Corp Ltd | 6,758 | ||||
9,758 | QBE Insurance Group Ltd | 56,534 | ||||
79,517 | Resona Holdings Inc | 260,518 | ||||
995 | RSA Insurance Group PLC | 5,450 | ||||
144 | Schroders PLC | 4,867 | ||||
661 | Skandinaviska Enskilda Banken AB, (2) | 5,666 | ||||
371 | Societe Generale SA, (2) | 5,030 | ||||
164 | Sompo Holdings Inc | 6,104 | ||||
470 | St James's Place PLC | 5,465 | ||||
0 | Standard Chartered PLC, (2) | 0 | ||||
1,203 | Standard Chartered PLC | 5,472 | ||||
1,878 | Standard Life Aberdeen PLC | 5,452 | ||||
12,484 | Sumitomo Mitsui Financial Group Inc | 344,044 | ||||
10,279 | Sumitomo Mitsui Trust Holdings Inc | 273,690 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
572 | Svenska Handelsbanken AB, (2) | $4,635 | ||||
359 | Swedbank AB, (2) | 5,626 | ||||
5,236 | Swiss Re AG | 375,555 | ||||
57,828 | UBS Group AG | 671,626 | ||||
632 | UniCredit SpA, (2) | 4,712 | ||||
53 | Wendel SE | 4,593 | ||||
17 | Zurich Insurance Group AG | 5,639 | ||||
Total Financials | 8,783,314 | |||||
Health Care – 12.9% | ||||||
5,903 | Alcon Inc, (2) | 335,548 | ||||
32,044 | Astellas Pharma Inc | 439,862 | ||||
10,343 | AstraZeneca PLC | 1,038,586 | ||||
35 | BioMerieux | 5,210 | ||||
17,597 | Chugai Pharmaceutical Co Ltd | 676,847 | ||||
391 | Cochlear Ltd, (2) | 58,260 | ||||
49 | Coloplast A/S | 7,151 | ||||
2,779 | CSL Ltd | 561,188 | ||||
29,866 | Daiichi Sankyo Co Ltd | 785,075 | ||||
206 | Demant A/S, (2) | 6,488 | ||||
30 | DiaSorin SpA | 6,587 | ||||
9,001 | Eisai Co Ltd | 696,471 | ||||
753 | Fisher & Paykel Healthcare Corp Ltd | 17,418 | ||||
85 | GN Store Nord A/S | 6,114 | ||||
1,190 | H Lundbeck A/S | 33,514 | ||||
233 | Kyowa Kirin Co Ltd | 5,773 | ||||
338 | Lonza Group AG | 204,743 | ||||
59 | Merck KGaA | 8,739 | ||||
3,701 | NMC Health PLC, (3) | 5 | ||||
1,716 | Novo Nordisk A/S | 110,226 | ||||
125 | Orion Oyj | 5,351 | ||||
48 | Orpea, (2) | 4,794 | ||||
5,815 | Ramsay Health Care Ltd | 254,611 | ||||
2,857 | Roche Holding AG | 918,772 | ||||
9,219 | Ryman Healthcare Ltd | 85,300 | ||||
585 | Sartorius AG | 247,634 | ||||
19 | Sartorius Stedim Biotech | 7,206 | ||||
2,212 | Shionogi & Co Ltd | 104,189 | ||||
26 | Sonova Holding AG, (2) | 6,170 | ||||
54 | Straumann Holding AG | 56,324 | ||||
2,337 | Sysmex Corp | 219,080 | ||||
Total Health Care | 6,913,236 |
Shares | Description (1) | Value | ||||
Industrials – 16.2% | ||||||
7,094 | ABB Ltd | $172,213 | ||||
72 | Adecco Group AG | 3,535 | ||||
257 | Alfa Laval AB, (2) | 5,211 | ||||
7,196 | Alstom SA, (2) | 322,549 | ||||
2,961 | ANDRITZ AG | 99,749 | ||||
8,399 | Assa Abloy AB | 180,225 | ||||
1,983 | Auckland International Airport Ltd, (2) | 9,174 | ||||
8,404 | Bouygues SA | 275,572 | ||||
34,441 | Brambles Ltd | 231,945 | ||||
98 | Brenntag AG | 6,265 | ||||
274 | Bureau Veritas SA, (2) | 6,016 | ||||
41,254 | CNH Industrial NV, (2) | 320,044 | ||||
63 | Daifuku Co Ltd | 6,466 | ||||
111 | Daikin Industries Ltd | 20,684 | ||||
2,576 | DCC PLC | 167,338 | ||||
9,734 | Deutsche Post AG | 431,322 | ||||
182 | East Japan Railway Co | 9,500 | ||||
2,586 | Eiffage SA, (2) | 187,727 | ||||
412 | Epiroc AB | 6,156 | ||||
3,181 | Ferguson PLC | 317,608 | ||||
19,609 | Ferrovial SA | 424,282 | ||||
186 | Fraport AG Frankfurt Airport Services Worldwide, (2) | 6,721 | ||||
424 | Getlink SE, (2) | 5,699 | ||||
147 | Hankyu Hanshin Holdings Inc | 4,472 | ||||
89 | Intertek Group PLC | 6,412 | ||||
5,910 | Investment AB Latour | 137,971 | ||||
5,773 | Kawasaki Heavy Industries Ltd, (2) | 68,476 | ||||
125 | Keio Corp, (2) | 7,234 | ||||
115 | Kingspan Group PLC, (2) | 10,027 | ||||
27,840 | Komatsu Ltd | 623,431 | ||||
35 | Kuehne + Nagel International AG | 6,992 | ||||
280 | Kyushu Railway Co | 5,943 | ||||
118 | Legrand SA | 8,725 | ||||
121 | Miura Co Ltd | 5,666 | ||||
62,255 | MTR Corp Ltd | 307,869 | ||||
2,151 | MTU Aero Engines AG | 367,194 | ||||
245 | Nabtesco Corp | 9,117 | ||||
9,535 | NGK Insulators Ltd | 135,263 | ||||
320 | Nibe Industrier AB, (2) | 7,715 | ||||
107 | Nippon Express Co Ltd | 5,988 | ||||
387 | Obayashi Corp | 3,221 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
242 | Odakyu Electric Railway Co Ltd | $5,817 | ||||
127 | Randstad NV, (2) | 6,348 | ||||
34,939 | RELX PLC | 690,065 | ||||
867 | Rentokil Initial PLC, (2) | 5,897 | ||||
3,636 | Sandvik AB, (2) | 64,745 | ||||
2,861 | Schneider Electric SE | 347,261 | ||||
385 | SEEK Ltd, (3) | 5,816 | ||||
334 | SG Holdings Co Ltd | 8,035 | ||||
176 | SGS SA | 439,928 | ||||
507 | Shimizu Corp | 3,511 | ||||
8,182 | Siemens AG | 959,752 | ||||
282 | Skanska AB | 5,300 | ||||
124 | Sohgo Security Services Co Ltd | 5,759 | ||||
44 | Spirax-Sarco Engineering PLC | 6,417 | ||||
1,778 | Sydney Airport | 6,805 | ||||
27 | Teleperformance | 8,105 | ||||
340 | Tokyu Corp | 4,017 | ||||
141 | Toto Ltd | 6,400 | ||||
83,522 | Transurban Group | 789,474 | ||||
2,039 | Vestas Wind Systems A/S | 348,051 | ||||
709 | Wartsila OYJ Abp | 5,634 | ||||
88 | West Japan Railway Co | 3,754 | ||||
77 | Wolters Kluwer NV | 6,241 | ||||
Total Industrials | 8,670,849 | |||||
Information Technology – 4.9% | ||||||
2,665 | ASML Holding NV | 968,549 | ||||
72 | Atos SE, (2) | 4,915 | ||||
53 | Capgemini SE | 6,121 | ||||
51 | Dassault Systemes SE | 8,706 | ||||
1,732 | Fujitsu Ltd | 202,542 | ||||
10,633 | Infineon Technologies AG | 296,022 | ||||
2,424 | Murata Manufacturing Co Ltd | 168,502 | ||||
221 | Nomura Research Institute Ltd | 6,543 | ||||
83 | Omron Corp | 5,955 | ||||
632 | Sage Group PLC | 5,194 | ||||
4,430 | SAP SE | 472,115 | ||||
367 | TeamViewer AG, 144A, (2) | 16,159 | ||||
15,846 | Telefonaktiebolaget LM Ericsson | 176,740 | ||||
1,917 | Worldline SA/France, 144A, (2) | 142,109 | ||||
176 | Yaskawa Electric Corp | 6,793 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
9,232 | Yokogawa Electric Corp | $ 134,762 | ||||
Total Information Technology | 2,621,727 | |||||
Materials – 8.2% | ||||||
15,931 | Antofagasta PLC | 212,064 | ||||
912 | Arkema SA | 89,322 | ||||
50,662 | Asahi Kasei Corp, (2) | 436,350 | ||||
11,068 | Boliden AB | 302,403 | ||||
554 | Chr Hansen Holding A/S, (2) | 55,804 | ||||
293 | Clariant AG, (2) | 5,025 | ||||
3,858 | Covestro AG, 144A | 184,119 | ||||
707 | Daicel Corp | 5,032 | ||||
20,323 | Fortescue Metals Group Ltd | 247,902 | ||||
68 | Givaudan SA | 277,179 | ||||
8,768 | Hitachi Metals Ltd, (2) | 115,828 | ||||
818 | Johnson Matthey PLC | 22,729 | ||||
1,574 | Koninklijke DSM NV | 252,011 | ||||
51,771 | Mitsubishi Chemical Holdings Corp | 290,302 | ||||
266 | Mitsui Chemicals Inc | 6,784 | ||||
1,804 | Nippon Paint Co Ltd | 162,039 | ||||
3,098 | Nitto Denko Corp | 216,629 | ||||
98 | Novozymes A/S | 5,889 | ||||
5,423 | Showa Denko KK, (2) | 91,663 | ||||
205 | Sika AG | 50,481 | ||||
7,651 | Smurfit Kappa Group PLC | 288,045 | ||||
484 | Stora Enso Oyj | 7,061 | ||||
60,381 | Sumitomo Chemical Co Ltd | 196,380 | ||||
9,445 | Sumitomo Metal Mining Co Ltd | 291,192 | ||||
397 | Teijin Ltd, (2) | 6,061 | ||||
56,347 | Toray Industries Inc | 253,545 | ||||
7,978 | Umicore SA | 307,046 | ||||
186 | UPM-Kymmene Oyj | 5,256 | ||||
Total Materials | 4,384,141 | |||||
Real Estate – 3.6% | ||||||
35,135 | British Land Co PLC | 158,367 | ||||
47,239 | CapitaLand Ltd | 88,908 | ||||
951 | City Developments Ltd | 4,416 | ||||
79 | Covivio | 4,702 | ||||
6,500 | Daiwa House Industry Co Ltd | 170,086 | ||||
117 | Deutsche Wohnen SE | 5,905 | ||||
893 | Dexus | 5,399 | ||||
41 | Gecina SA | 5,091 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
2,525 | GPT Group | $7,146 | ||||
107 | ICADE | 5,409 | ||||
2 | Japan Prime Realty Investment Corp | 5,405 | ||||
4 | Japan Retail Fund Investment Corp | 5,751 | ||||
8,057 | Klepierre SA | 102,064 | ||||
8,511 | Land Securities Group PLC | 56,047 | ||||
41 | LEG Immobilien AG | 5,541 | ||||
26,576 | Lendlease Corp Ltd | 223,209 | ||||
3,546 | Mirvac Group | 5,254 | ||||
21,852 | Mitsubishi Estate Co Ltd | 324,833 | ||||
9,539 | Mitsui Fudosan Co Ltd | 161,918 | ||||
1 | Nippon Building Fund Inc | 5,051 | ||||
324 | Nomura Real Estate Holdings Inc | 5,644 | ||||
5 | Nomura Real Estate Master Fund Inc | 5,959 | ||||
49,904 | Stockland | 134,924 | ||||
47,139 | Swire Properties Ltd | 126,132 | ||||
55 | Swiss Prime Site AG | 4,627 | ||||
5,607 | Unibail-Rodamco-Westfield | 227,943 | ||||
18,464 | UOL Group Ltd | 84,106 | ||||
Total Real Estate | 1,939,837 | |||||
Utilities – 3.3% | ||||||
58,912 | National Grid PLC | 700,032 | ||||
5,846 | Orsted A/S, 144A | 927,922 | ||||
3,003 | Red Electrica Corp SA, (2) | 52,908 | ||||
4,084 | Siemens Energy AG, (2) | 89,436 | ||||
Total Utilities | 1,770,298 | |||||
Total Long-Term Investments (cost $54,516,704) | 53,215,626 | |||||
Other Assets Less Liabilities – 0.6% | 304,431 | |||||
Net Assets – 100% | $ 53,520,057 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Communication Services – 10.7% | ||||||
931 | Activision Blizzard Inc | $70,505 | ||||
209 | Alphabet Inc, (2) | 337,767 | ||||
287 | Alphabet Inc, Class C, (2) | 465,230 | ||||
8 | Cable One Inc | 13,855 | ||||
223 | Discovery Inc, (2) | 4,514 | ||||
1,588 | Discovery Inc, (2) | 29,092 | ||||
242 | Electronic Arts Inc, (2) | 28,999 | ||||
2,225 | Liberty Global PLC, (2) | 41,518 | ||||
954 | Liberty Global PLC, (2) | 18,107 | ||||
1,154 | Omnicom Group Inc | 54,469 | ||||
1,260 | Pinterest Inc, (2) | 74,277 | ||||
6,458 | Sirius XM Holdings Inc | 37,004 | ||||
125 | Take-Two Interactive Software Inc, (2) | 19,365 | ||||
5,397 | Verizon Communications Inc | 307,575 | ||||
2,693 | Walt Disney Co, (2) | 326,526 | ||||
Total Communication Services | 1,828,803 | |||||
Consumer Discretionary – 10.4% | ||||||
112 | Booking Holdings Inc, (2) | 181,720 | ||||
36 | Chipotle Mexican Grill Inc, (2) | 43,253 | ||||
228 | Dollar Tree Inc, (2) | 20,593 | ||||
161 | Domino's Pizza Inc | 60,909 | ||||
1,940 | eBay Inc | 92,402 | ||||
8 | Hasbro Inc | 662 | ||||
653 | Home Depot Inc | 174,162 | ||||
455 | Lowe's Cos Inc | 71,935 | ||||
151 | Lululemon Athletica Inc, (2) | 48,213 | ||||
84 | MercadoLibre Inc, (2) | 101,980 | ||||
1,801 | Newell Brands Inc | 31,806 | ||||
1,717 | NIKE Inc | 206,177 | ||||
146 | Royal Caribbean Cruises Ltd, (2) | 8,237 | ||||
2,830 | Starbucks Corp | 246,097 | ||||
739 | Target Corp | 112,491 | ||||
715 | Tesla Inc, (2) | 277,449 | ||||
248 | Tiffany & Co | 32,448 | ||||
134 | Tractor Supply Co | 17,850 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
3 | Vail Resorts Inc, (2) | $696 | ||||
156 | Wayfair Inc, (2) | 38,693 | ||||
Total Consumer Discretionary | 1,767,773 | |||||
Consumer Staples – 7.0% | ||||||
818 | Bunge Ltd | 46,405 | ||||
164 | Campbell Soup Co | 7,654 | ||||
44 | Clorox Co | 9,119 | ||||
6,677 | Coca-Cola Co | 320,897 | ||||
173 | Colgate-Palmolive Co | 13,648 | ||||
730 | General Mills Inc | 43,158 | ||||
23 | Kellogg Co | 1,446 | ||||
2,056 | Keurig Dr Pepper Inc | 55,306 | ||||
36 | Kimberly-Clark Corp | 4,773 | ||||
32 | McCormick & Co Inc/MD | 5,776 | ||||
2,273 | PepsiCo Inc | 302,968 | ||||
2,836 | Procter & Gamble Co | 388,816 | ||||
Total Consumer Staples | 1,199,966 | |||||
Energy – 1.5% | ||||||
3,832 | Baker Hughes Co | 56,599 | ||||
1,327 | Cheniere Energy Inc, (2) | 63,523 | ||||
2,270 | National Oilwell Varco Inc, (2) | 19,068 | ||||
1,684 | ONEOK Inc | 48,836 | ||||
1,918 | Valero Energy Corp | 74,054 | ||||
Total Energy | 262,080 | |||||
Financials – 11.1% | ||||||
54 | Aflac Inc | 1,833 | ||||
22 | Allstate Corp | 1,953 | ||||
906 | American Express Co | 82,663 | ||||
304 | Aon PLC | 55,939 | ||||
2 | Arch Capital Group Ltd, (2) | 60 | ||||
3,708 | Bank of New York Mellon Corp | 127,407 | ||||
166 | BlackRock Inc | 99,469 | ||||
688 | Blackstone Group Inc | 34,689 | ||||
40 | Carlyle Group Inc | 997 | ||||
1,330 | Charles Schwab Corp | 54,676 | ||||
647 | Chubb Ltd | 84,052 | ||||
20 | Citizens Financial Group Inc | 545 | ||||
884 | CME Group Inc | 133,236 | ||||
813 | Comerica Inc | 37,000 | ||||
3 | Equitable Holdings Inc | 64 | ||||
3 | Franklin Resources Inc | 56 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
427 | Hartford Financial Services Group Inc | $16,448 | ||||
4,178 | Huntington Bancshares Inc/OH | 43,618 | ||||
1,469 | Intercontinental Exchange Inc | 138,674 | ||||
8 | Invesco Ltd | 105 | ||||
46 | KeyCorp | 597 | ||||
18 | Lincoln National Corp | 632 | ||||
1,480 | Loews Corp | 51,326 | ||||
88 | MarketAxess Holdings Inc | 47,419 | ||||
1,696 | Marsh & McLennan Cos Inc | 175,468 | ||||
83 | Moody's Corp | 21,821 | ||||
2,004 | Morgan Stanley | 96,493 | ||||
8 | Northern Trust Corp | 626 | ||||
51 | People's United Financial Inc | 544 | ||||
576 | PNC Financial Services Group Inc | 64,443 | ||||
859 | Progressive Corp | 78,942 | ||||
4 | Prudential Financial Inc | 256 | ||||
927 | Regions Financial Corp | 12,329 | ||||
6 | Reinsurance Group of America Inc | 606 | ||||
538 | S&P Global Inc | 173,629 | ||||
257 | State Street Corp | 15,137 | ||||
15 | SVB Financial Group, (2) | 4,360 | ||||
4 | T Rowe Price Group Inc | 507 | ||||
1,308 | Travelers Cos Inc | 157,889 | ||||
1,491 | Truist Financial Corp | 62,801 | ||||
120 | Willis Towers Watson PLC | 21,898 | ||||
Total Financials | 1,901,207 | |||||
Health Care – 12.7% | ||||||
1,773 | AbbVie Inc | 150,882 | ||||
130 | ABIOMED Inc, (2) | 32,744 | ||||
1,222 | Agilent Technologies Inc | 124,754 | ||||
113 | Align Technology Inc, (2) | 48,147 | ||||
400 | Amgen Inc | 86,776 | ||||
589 | Becton Dickinson and Co | 136,136 | ||||
4 | Biogen Inc, (2) | 1,008 | ||||
603 | BioMarin Pharmaceutical Inc, (2) | 44,881 | ||||
2,326 | Bristol-Myers Squibb Co | 135,955 | ||||
7 | Cardinal Health Inc | 321 | ||||
1,355 | Cerner Corp | 94,972 | ||||
389 | Cigna Corp | 64,951 | ||||
2,478 | CVS Health Corp | 138,991 | ||||
15 | DaVita Inc, (2) | 1,294 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
19 | DENTSPLY SIRONA Inc | $897 | ||||
285 | DexCom Inc, (2) | 91,080 | ||||
948 | Edwards Lifesciences Corp, (2) | 67,962 | ||||
1,021 | Eli Lilly and Co | 133,200 | ||||
1,288 | Gilead Sciences Inc | 74,897 | ||||
176 | HCA Inc, (2) | 21,813 | ||||
156 | Hologic Inc, (2) | 10,736 | ||||
131 | Humana Inc | 52,306 | ||||
67 | IDEXX Laboratories Inc, (2) | 28,463 | ||||
59 | Illumina Inc, (2) | 17,269 | ||||
138 | Insulet Corp, (2) | 30,671 | ||||
11 | Laboratory Corp of America Holdings, (2) | 2,197 | ||||
3,115 | Merck & Co Inc | 234,279 | ||||
9 | Perrigo Co PLC | 395 | ||||
6 | Quest Diagnostics Inc | 733 | ||||
17 | ResMed Inc | 3,263 | ||||
415 | Teladoc Health Inc, (2) | 81,531 | ||||
284 | Thermo Fisher Scientific Inc | 134,366 | ||||
2 | Varian Medical Systems Inc, (2) | 346 | ||||
306 | Vertex Pharmaceuticals Inc, (2) | 63,758 | ||||
46 | West Pharmaceutical Services Inc | 12,515 | ||||
238 | Zoetis Inc | 37,735 | ||||
Total Health Care | 2,162,224 | |||||
Industrials – 9.5% | ||||||
1,315 | 3M Co | 210,347 | ||||
11 | A O Smith Corp | 569 | ||||
6 | Allegion plc | 591 | ||||
2 | AMERCO, (2) | 694 | ||||
1,877 | Carrier Global Corp, (2) | 62,673 | ||||
495 | Caterpillar Inc | 77,740 | ||||
340 | CH Robinson Worldwide Inc | 30,066 | ||||
10 | Cintas Corp | 3,145 | ||||
2 | Copart Inc, (2) | 221 | ||||
2,738 | CSX Corp | 216,138 | ||||
101 | Deere & Co | 22,817 | ||||
6 | Dover Corp | 664 | ||||
7 | Expeditors International of Washington Inc | 619 | ||||
81 | Fastenal Co | 3,502 | ||||
806 | Fortune Brands Home & Security Inc | 65,181 | ||||
1 | HD Supply Holdings Inc, (2) | 40 | ||||
2,312 | Howmet Aerospace Inc, (2) | 39,882 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
3 | IDEX Corp | $511 | ||||
1,615 | IHS Markit Ltd | 130,605 | ||||
3 | Illinois Tool Works Inc | 588 | ||||
2 | Johnson Controls International plc | 84 | ||||
1,980 | Nielsen Holdings PLC | 26,750 | ||||
253 | Nordson Corp | 48,938 | ||||
127 | Old Dominion Freight Line Inc | 24,177 | ||||
231 | Otis Worldwide Corp | 14,156 | ||||
7 | PACCAR Inc | 598 | ||||
490 | Parker-Hannifin Corp | 102,096 | ||||
12 | Pentair PLC | 597 | ||||
678 | Rockwell Automation Inc | 160,767 | ||||
312 | Roper Technologies Inc | 115,858 | ||||
592 | Sensata Technologies Holding PLC, (2) | 25,876 | ||||
695 | Stanley Black & Decker Inc | 115,509 | ||||
215 | Teledyne Technologies Inc, (2) | 66,467 | ||||
264 | Verisk Analytics Inc | 46,984 | ||||
Total Industrials | 1,615,450 | |||||
Information Technology – 27.5% | ||||||
935 | Accenture PLC | 202,811 | ||||
622 | Adobe Inc, (2) | 278,096 | ||||
1,642 | Applied Materials Inc | 97,256 | ||||
98 | Autodesk Inc, (2) | 23,083 | ||||
96 | Automatic Data Processing Inc | 15,164 | ||||
3,432 | Cisco Systems Inc | 123,209 | ||||
223 | Citrix Systems Inc | 25,259 | ||||
1,012 | Cognex Corp | 66,691 | ||||
2,981 | Corning Inc | 95,303 | ||||
765 | FLIR Systems Inc | 26,538 | ||||
7,497 | Hewlett Packard Enterprise Co | 64,774 | ||||
8,388 | HP Inc | 150,648 | ||||
4,643 | Intel Corp | 205,592 | ||||
1,548 | International Business Machines Corp | 172,850 | ||||
7 | Intuit Inc | 2,203 | ||||
1,097 | Keysight Technologies Inc, (2) | 115,042 | ||||
111 | Lam Research Corp | 37,971 | ||||
911 | Mastercard Inc, Class A | 262,951 | ||||
5,095 | Microsoft Corp | 1,031,585 | ||||
2 | NortonLifeLock Inc | 41 | ||||
750 | NVIDIA Corp | 376,020 | ||||
603 | Okta Inc, (2) | 126,527 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
1,148 | PayPal Holdings Inc, (2) | $213,677 | ||||
1,075 | salesforcecom Inc, (2) | 249,690 | ||||
98 | ServiceNow Inc, (2) | 48,762 | ||||
908 | Slack Technologies Inc, (2) | 23,227 | ||||
1,916 | TE Connectivity Ltd | 185,622 | ||||
2,123 | Texas Instruments Inc | 306,965 | ||||
1,464 | Trimble Inc, (2) | 70,462 | ||||
122 | VMware Inc, (2) | 15,705 | ||||
3 | Western Union Co | 58 | ||||
312 | Zebra Technologies Corp, (2) | 88,496 | ||||
Total Information Technology | 4,702,278 | |||||
Materials – 3.0% | ||||||
1,029 | Amcor PLC | 10,733 | ||||
1 | Axalta Coating Systems Ltd, (2) | 25 | ||||
477 | Ball Corp | 42,453 | ||||
743 | Ecolab Inc | 136,407 | ||||
5 | International Flavors & Fragrances Inc | 513 | ||||
737 | Linde PLC | 162,391 | ||||
2,099 | Mosaic Co | 38,832 | ||||
514 | Newmont Corp | 32,300 | ||||
620 | PPG Industries Inc | 80,426 | ||||
155 | Steel Dynamics Inc | 4,879 | ||||
Total Materials | 508,959 | |||||
Real Estate – 4.0% | ||||||
3 | Alexandria Real Estate Equities Inc | 455 | ||||
1,025 | American Tower Corp | 235,391 | ||||
2 | CBRE Group Inc, (2) | 101 | ||||
268 | Equinix Inc | 195,972 | ||||
322 | Equity Residential | 15,128 | ||||
20 | Healthpeak Properties Inc | 539 | ||||
4,136 | Host Hotels & Resorts Inc | 43,345 | ||||
17 | Iron Mountain Inc | 443 | ||||
1,570 | Prologis Inc | 155,744 | ||||
672 | Welltower Inc | 36,134 | ||||
Total Real Estate | 683,252 | |||||
Utilities – 2.4% | ||||||
1,961 | Consolidated Edison Inc | 153,919 | ||||
1,198 | Eversource Energy | 104,550 | ||||
1,141 | Sempra Energy | 143,036 |
Shares | Description (1) | Value | ||||
Utilities (continued) | ||||||
319 | UGI Corp | $ 10,316 | ||||
Total Utilities | 411,821 | |||||
Total Long-Term Investments (cost $15,786,693) | 17,043,813 | |||||
Other Assets Less Liabilities – 0.2% | 35,246 | |||||
Net Assets – 100% | $ 17,079,059 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 13.7% | ||||||
70,526 | Activision Blizzard Inc | $5,340,934 | ||||
8,677 | Alphabet Inc, (2) | 14,022,986 | ||||
7,231 | Alphabet Inc, Class C, (2) | 11,721,523 | ||||
1,050 | Cable One Inc | 1,818,453 | ||||
35,118 | Electronic Arts Inc, (2) | 4,208,190 | ||||
23,336 | Liberty Broadband Corp, (2) | 3,306,945 | ||||
5,451 | Liberty Broadband Corp, (2) | 766,138 | ||||
16,198 | Pinterest Inc, (2) | 954,872 | ||||
239,482 | Sirius XM Holdings Inc | 1,372,232 | ||||
22,977 | Take-Two Interactive Software Inc, (2) | 3,559,597 | ||||
Total Communication Services | 47,071,870 | |||||
Consumer Discretionary – 14.2% | ||||||
1,969 | AutoZone Inc, (2) | 2,222,962 | ||||
1,984 | Booking Holdings Inc, (2) | 3,219,040 | ||||
27,483 | Dollar General Corp | 5,735,977 | ||||
25,667 | Dollar Tree Inc, (2) | 2,318,244 | ||||
91,538 | eBay Inc | 4,359,955 | ||||
12,467 | Lululemon Athletica Inc, (2) | 3,980,589 | ||||
2,585 | MercadoLibre Inc, (2) | 3,138,319 | ||||
67,573 | NIKE Inc | 8,114,166 | ||||
9,359 | O'Reilly Automotive Inc, (2) | 4,086,139 | ||||
21,109 | Tesla Inc, (2) | 8,191,136 | ||||
2,328 | TJX Cos Inc, (2) | 118,262 | ||||
35,424 | Yum! Brands Inc | 3,306,122 | ||||
Total Consumer Discretionary | 48,790,911 | |||||
Consumer Staples – 4.6% | ||||||
34,636 | Church & Dwight Co Inc | 3,061,476 | ||||
68,019 | Colgate-Palmolive Co | 5,366,019 | ||||
25,641 | Estee Lauder Cos Inc | 5,632,302 | ||||
9,392 | McCormick & Co Inc/MD | 1,695,350 | ||||
Total Consumer Staples | 15,755,147 | |||||
Financials – 4.9% | ||||||
7,351 | FactSet Research Systems Inc | 2,253,082 | ||||
38,687 | Marsh & McLennan Cos Inc | 4,002,557 | ||||
19,260 | Moody's Corp | 5,063,454 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
17,518 | S&P Global Inc | $ 5,653,584 | ||||
Total Financials | 16,972,677 | |||||
Health Care – 16.7% | ||||||
2,759 | ABIOMED Inc, (2) | 694,937 | ||||
51,659 | Agilent Technologies Inc | 5,273,867 | ||||
4,053 | BioMarin Pharmaceutical Inc, (2) | 301,665 | ||||
87,121 | Bristol-Myers Squibb Co | 5,092,222 | ||||
63,310 | Cerner Corp | 4,437,398 | ||||
9,111 | DaVita Inc, (2) | 785,824 | ||||
9,920 | DexCom Inc, (2) | 3,170,234 | ||||
22,556 | Edwards Lifesciences Corp, (2) | 1,617,040 | ||||
6,072 | Hologic Inc, (2) | 417,875 | ||||
6,418 | Humana Inc | 2,562,579 | ||||
5,367 | Illumina Inc, (2) | 1,570,921 | ||||
9,582 | Insulet Corp, (2) | 2,129,599 | ||||
426 | Mettler-Toledo International Inc, (2) | 425,110 | ||||
5,571 | Regeneron Pharmaceuticals Inc, (2) | 3,028,173 | ||||
27,194 | ResMed Inc | 5,219,616 | ||||
15,367 | Teladoc Health Inc, (2) | 3,019,001 | ||||
19,053 | Thermo Fisher Scientific Inc | 9,014,355 | ||||
16,046 | Vertex Pharmaceuticals Inc, (2) | 3,343,344 | ||||
34,089 | Zoetis Inc | 5,404,811 | ||||
Total Health Care | 57,508,571 | |||||
Industrials – 9.0% | ||||||
18,056 | Expeditors International of Washington Inc | 1,595,609 | ||||
62,045 | Fastenal Co | 2,682,205 | ||||
9,633 | IDEX Corp | 1,641,367 | ||||
43,390 | IHS Markit Ltd | 3,508,949 | ||||
28,869 | Illinois Tool Works Inc | 5,654,860 | ||||
1,816 | Lennox International Inc | 493,335 | ||||
17,246 | Masco Corp | 924,386 | ||||
7,051 | Otis Worldwide Corp | 432,085 | ||||
12,539 | Rockwell Automation Inc | 2,973,248 | ||||
11,270 | Roper Technologies Inc | 4,185,002 | ||||
7,563 | Teledyne Technologies Inc, (2) | 2,338,101 | ||||
26,849 | Verisk Analytics Inc | 4,778,316 | ||||
Total Industrials | 31,207,463 | |||||
Information Technology – 36.8% | ||||||
25,682 | Accenture PLC | 5,570,683 | ||||
19,966 | Adobe Inc, (2) | 8,926,799 | ||||
86,862 | Applied Materials Inc | 5,144,836 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
23,034 | Autodesk Inc, (2) | $5,425,428 | ||||
41,091 | Automatic Data Processing Inc | 6,490,734 | ||||
46,645 | Cadence Design Systems Inc, (2) | 5,101,564 | ||||
25,399 | Citrix Systems Inc | 2,876,945 | ||||
37,178 | Cognex Corp | 2,450,030 | ||||
19,832 | Intuit Inc | 6,240,734 | ||||
40,393 | Keysight Technologies Inc, (2) | 4,236,014 | ||||
15,004 | Lam Research Corp | 5,132,568 | ||||
32,626 | Mastercard Inc, Class A | 9,417,169 | ||||
22,409 | NVIDIA Corp | 11,234,976 | ||||
16,345 | Okta Inc, (2) | 3,429,671 | ||||
47,092 | PayPal Holdings Inc, (2) | 8,765,234 | ||||
40,990 | salesforcecom Inc, (2) | 9,520,747 | ||||
14,225 | ServiceNow Inc, (2) | 7,077,933 | ||||
83,263 | Slack Technologies Inc, (2) | 2,129,868 | ||||
26,023 | Splunk Inc, (2) | 5,153,595 | ||||
27,044 | Trimble Inc, (2) | 1,301,628 | ||||
18,176 | VMware Inc, (2) | 2,339,796 | ||||
26,850 | Workday Inc, (2) | 5,641,722 | ||||
11,536 | Zebra Technologies Corp, (2) | 3,272,071 | ||||
Total Information Technology | 126,880,745 | |||||
Total Long-Term Investments (cost $299,869,971) | 344,187,384 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 470 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 11/02/20 | N/R | $ 470,000 | |
Total Short-Term Investments (cost $470,000) | 470,000 | |||||
Total Investments (cost $300,339,971) – 100.0% | 344,657,384 | |||||
Other Assets Less Liabilities – 0.0% | 45,546 | |||||
Net Assets – 100% | $ 344,702,930 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 7.1% | ||||||
493 | Electronic Arts Inc, (2) | $59,076 | ||||
158,717 | Liberty Global PLC, (2) | 2,961,659 | ||||
66,154 | Liberty Global PLC, (2) | 1,255,603 | ||||
52,317 | Omnicom Group Inc | 2,469,362 | ||||
281,920 | Verizon Communications Inc | 16,066,621 | ||||
127,567 | Walt Disney Co, (2) | 15,467,499 | ||||
Total Communication Services | 38,279,820 | |||||
Consumer Discretionary – 5.5% | ||||||
661 | Aptiv PLC, (2) | 63,780 | ||||
30,419 | Best Buy Co Inc | 3,393,239 | ||||
745 | Hasbro Inc | 61,626 | ||||
46,470 | Home Depot Inc | 12,394,014 | ||||
1,778 | LKQ Corp, (2) | 56,878 | ||||
24,087 | Target Corp | 3,666,523 | ||||
16,344 | Vail Resorts Inc, (2) | 3,792,462 | ||||
91,949 | VF Corp | 6,178,973 | ||||
Total Consumer Discretionary | 29,607,495 | |||||
Consumer Staples – 12.5% | ||||||
57,638 | Bunge Ltd | 3,269,804 | ||||
251 | Clorox Co | 52,020 | ||||
312,122 | Coca-Cola Co | 15,000,583 | ||||
48,697 | Colgate-Palmolive Co | 3,841,706 | ||||
102,688 | General Mills Inc | 6,070,914 | ||||
54,235 | Kellogg Co | 3,410,839 | ||||
361 | Kimberly-Clark Corp | 47,865 | ||||
107,172 | PepsiCo Inc | 14,284,956 | ||||
151,697 | Procter & Gamble Co | 20,797,659 | ||||
Total Consumer Staples | 66,776,346 | |||||
Energy – 3.0% | ||||||
265,817 | Baker Hughes Co | 3,926,117 | ||||
158,265 | National Oilwell Varco Inc, (2) | 1,329,426 | ||||
178,706 | ONEOK Inc | 5,182,474 | ||||
144,201 | Valero Energy Corp | 5,567,601 | ||||
Total Energy | 16,005,618 |
Shares | Description (1) | Value | ||||
Financials – 19.4% | ||||||
156,694 | Aflac Inc | $5,319,761 | ||||
599 | Allstate Corp | 53,161 | ||||
2,523 | Ally Financial Inc | 67,314 | ||||
19,689 | American Express Co | 1,796,424 | ||||
353 | Ameriprise Financial Inc | 56,773 | ||||
2,006 | Arch Capital Group Ltd, (2) | 60,601 | ||||
508 | Arthur J Gallagher & Co | 52,685 | ||||
443 | Assurant Inc | 55,096 | ||||
1,509 | Athene Holding Ltd, (2) | 48,409 | ||||
194,099 | Bank of New York Mellon Corp | 6,669,242 | ||||
17,944 | BlackRock Inc | 10,752,224 | ||||
7,108 | Blackstone Group Inc | 358,385 | ||||
2,071 | Carlyle Group Inc | 51,609 | ||||
647 | Cboe Global Markets Inc | 52,595 | ||||
27,175 | Charles Schwab Corp | 1,117,164 | ||||
67,899 | Chubb Ltd | 8,820,759 | ||||
715 | Cincinnati Financial Corp | 50,579 | ||||
2,361 | Citizens Financial Group Inc | 64,337 | ||||
54,751 | CME Group Inc | 8,252,071 | ||||
56,593 | Comerica Inc | 2,575,547 | ||||
1,088 | Discover Financial Services | 70,731 | ||||
1,486 | East West Bancorp Inc | 54,209 | ||||
164,654 | Equitable Holdings Inc | 3,538,414 | ||||
477 | First Republic Bank/CA | 60,169 | ||||
2,770 | Franklin Resources Inc | 51,938 | ||||
1,477 | Hartford Financial Services Group Inc | 56,894 | ||||
410,452 | Huntington Bancshares Inc/OH | 4,285,119 | ||||
8,390 | Invesco Ltd | 109,993 | ||||
136,162 | KeyCorp | 1,767,383 | ||||
1,989 | Lincoln National Corp | 69,814 | ||||
102,353 | Loews Corp | 3,549,602 | ||||
706 | M&T Bank Corp | 73,127 | ||||
72,203 | Marsh & McLennan Cos Inc | 7,470,122 | ||||
183,970 | Morgan Stanley | 8,858,156 | ||||
688 | Northern Trust Corp | 53,850 | ||||
5,120 | People's United Financial Inc | 54,630 | ||||
33,376 | PNC Financial Services Group Inc | 3,734,107 | ||||
1,288 | Principal Financial Group Inc | 50,515 | ||||
663 | Progressive Corp | 60,930 | ||||
116,208 | Prudential Financial Inc | 7,439,636 | ||||
207,110 | Regions Financial Corp | 2,754,563 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
634 | Reinsurance Group of America Inc | $64,047 | ||||
28,346 | State Street Corp | 1,669,579 | ||||
241 | SVB Financial Group, (2) | 70,059 | ||||
2,285 | Synchrony Financial | 57,171 | ||||
403 | T Rowe Price Group Inc | 51,044 | ||||
50,136 | Travelers Cos Inc | 6,051,917 | ||||
119,481 | Truist Financial Corp | 5,032,540 | ||||
1,103 | Voya Financial Inc | 52,867 | ||||
294 | Willis Towers Watson PLC | 53,649 | ||||
1,706 | Zions Bancorp NA | 55,053 | ||||
Total Financials | 103,596,564 | |||||
Health Care – 13.3% | ||||||
139,463 | AbbVie Inc | 11,868,301 | ||||
9,243 | Amgen Inc | 2,005,176 | ||||
18,907 | Becton Dickinson and Co | 4,369,975 | ||||
3,391 | Biogen Inc, (2) | 854,769 | ||||
158,468 | Bristol-Myers Squibb Co | 9,262,455 | ||||
59,080 | Cardinal Health Inc | 2,705,273 | ||||
645 | Catalent Inc, (2) | 56,612 | ||||
9,521 | Cigna Corp | 1,589,721 | ||||
145,238 | CVS Health Corp | 8,146,399 | ||||
88,878 | DENTSPLY SIRONA Inc | 4,194,153 | ||||
83,110 | Gilead Sciences Inc | 4,832,847 | ||||
883 | Henry Schein Inc, (2) | 56,141 | ||||
52,429 | Hologic Inc, (2) | 3,608,164 | ||||
1,075 | Jazz Pharmaceuticals PLC, (2) | 154,908 | ||||
184,044 | Merck & Co Inc | 13,841,949 | ||||
463 | Quest Diagnostics Inc | 56,551 | ||||
6,944 | STERIS PLC | 1,230,407 | ||||
12,779 | Varian Medical Systems Inc, (2) | 2,208,211 | ||||
286 | Waters Corp, (2) | 63,727 | ||||
Total Health Care | 71,105,739 | |||||
Industrials – 12.4% | ||||||
65,167 | 3M Co | 10,424,113 | ||||
3,948 | AMERCO, (2) | 1,370,588 | ||||
270,187 | Carrier Global Corp, (2) | 9,021,544 | ||||
70,213 | Caterpillar Inc | 11,026,952 | ||||
51,887 | CH Robinson Worldwide Inc | 4,588,367 | ||||
274 | Cummins Inc | 60,250 | ||||
295 | Deere & Co | 66,643 | ||||
13,665 | Eaton Corp PLC | 1,418,290 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
894 | Emerson Electric Co | $57,922 | ||||
19,495 | Expeditors International of Washington Inc | 1,722,773 | ||||
1,186 | Fastenal Co | 51,271 | ||||
17,665 | Fortive Corp | 1,088,164 | ||||
672 | Fortune Brands Home & Security Inc | 54,345 | ||||
1,651 | HD Supply Holdings Inc, (2) | 65,809 | ||||
159,459 | Howmet Aerospace Inc, (2) | 2,750,668 | ||||
55,714 | Johnson Controls International plc | 2,351,688 | ||||
38,548 | Kansas City Southern | 6,789,845 | ||||
961 | Masco Corp | 51,510 | ||||
144,019 | Nielsen Holdings PLC | 1,945,697 | ||||
974 | Otis Worldwide Corp | 59,687 | ||||
636 | PACCAR Inc | 54,302 | ||||
23,272 | Parker-Hannifin Corp | 4,848,954 | ||||
1,209 | Pentair PLC | 60,160 | ||||
1,009 | Robert Half International Inc | 51,146 | ||||
253 | Rockwell Automation Inc | 59,991 | ||||
16,284 | Roper Technologies Inc | 6,046,900 | ||||
1,376 | Sensata Technologies Holding PLC, (2) | 60,145 | ||||
381 | Snap-on Inc | 60,019 | ||||
351 | Stanley Black & Decker Inc | 58,336 | ||||
332 | United Rentals Inc, (2) | 59,192 | ||||
150 | WW Grainger Inc | 52,503 | ||||
Total Industrials | 66,377,774 | |||||
Information Technology – 10.3% | ||||||
42,376 | Accenture PLC | 9,191,778 | ||||
265,127 | Cisco Systems Inc | 9,518,059 | ||||
1,756 | Corning Inc | 56,139 | ||||
1,494 | FLIR Systems Inc | 51,827 | ||||
519,546 | Hewlett Packard Enterprise Co | 4,488,878 | ||||
413,023 | HP Inc | 7,417,893 | ||||
314,928 | Intel Corp | 13,945,012 | ||||
91,935 | International Business Machines Corp | 10,265,462 | ||||
2,459 | NortonLifeLock Inc | 50,582 | ||||
277 | Okta Inc, (2) | 58,123 | ||||
1,098 | Trimble Inc, (2) | 52,847 | ||||
2,496 | Western Union Co | 48,522 | ||||
Total Information Technology | 55,145,122 | |||||
Materials – 5.3% | ||||||
4,918 | Amcor PLC | 51,295 | ||||
33,981 | Ecolab Inc | 6,238,572 |
Shares | Description (1) | Value | ||||
Materials (continued) | ||||||
450 | International Flavors & Fragrances Inc | $46,197 | ||||
49,374 | Linde PLC | 10,879,067 | ||||
146,383 | Mosaic Co | 2,708,085 | ||||
47,360 | PPG Industries Inc | 6,143,539 | ||||
67,225 | Steel Dynamics Inc | 2,116,243 | ||||
Total Materials | 28,182,998 | |||||
Real Estate – 4.9% | ||||||
328 | Alexandria Real Estate Equities Inc | 49,699 | ||||
365 | AvalonBay Communities Inc | 50,782 | ||||
648 | Camden Property Trust | 59,772 | ||||
106,684 | Equity Residential | 5,012,014 | ||||
2,081 | Healthpeak Properties Inc | 56,125 | ||||
286,164 | Host Hotels & Resorts Inc | 2,998,999 | ||||
2,401 | Iron Mountain Inc | 62,570 | ||||
11,578 | Jones Lang LaSalle Inc, (2) | 1,306,693 | ||||
98,077 | Prologis Inc | 9,729,238 | ||||
1,384 | Regency Centers Corp | 49,257 | ||||
1,614 | UDR Inc | 50,421 | ||||
1,420 | Ventas Inc | 56,047 | ||||
125,507 | Welltower Inc | 6,748,511 | ||||
Total Real Estate | 26,230,128 | |||||
Utilities – 6.0% | ||||||
917 | CMS Energy Corp | 58,074 | ||||
107,930 | Consolidated Edison Inc | 8,471,426 | ||||
93,514 | Eversource Energy | 8,160,967 | ||||
79,604 | Public Service Enterprise Group Inc | 4,628,972 | ||||
65,916 | Sempra Energy | 8,263,230 | ||||
84,159 | UGI Corp | 2,721,702 | ||||
Total Utilities | 32,304,371 | |||||
Total Long-Term Investments (cost $542,459,997) | 533,611,975 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 610 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 11/02/20 | N/R | $ 610,000 | |
Total Short-Term Investments (cost $610,000) | 610,000 | |||||
Total Investments (cost $543,069,997) – 99.8% | 534,221,975 | |||||
Other Assets Less Liabilities – 0.2% | 1,005,814 | |||||
Net Assets – 100% | $ 535,227,789 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 11.8% | ||||||
1,630 | Cable One Inc | $2,822,932 | ||||
64,683 | Live Nation Entertainment Inc, (2) | 3,156,530 | ||||
76,540 | Pinterest Inc, (2) | 4,512,033 | ||||
207,209 | Snap Inc, (2) | 8,161,963 | ||||
26,389 | Take-Two Interactive Software Inc, (2) | 4,088,184 | ||||
Total Communication Services | 22,741,642 | |||||
Consumer Discretionary – 5.7% | ||||||
9,884 | Domino's Pizza Inc | 3,739,315 | ||||
28,263 | Tractor Supply Co | 3,764,914 | ||||
14,246 | Wayfair Inc, (2) | 3,533,435 | ||||
Total Consumer Discretionary | 11,037,664 | |||||
Consumer Staples – 2.7% | ||||||
53,800 | Lamb Weston Holdings Inc | 3,413,610 | ||||
10,470 | McCormick & Co Inc/MD | 1,889,940 | ||||
Total Consumer Staples | 5,303,550 | |||||
Financials – 4.3% | ||||||
5,442 | FactSet Research Systems Inc | 1,667,973 | ||||
7,594 | MarketAxess Holdings Inc | 4,092,027 | ||||
54,811 | Voya Financial Inc | 2,627,091 | ||||
Total Financials | 8,387,091 | |||||
Health Care – 18.6% | ||||||
3,884 | ABIOMED Inc, (2) | 978,302 | ||||
51,272 | BioMarin Pharmaceutical Inc, (2) | 3,816,175 | ||||
38,836 | Catalent Inc, (2) | 3,408,636 | ||||
5,357 | DaVita Inc, (2) | 462,041 | ||||
14,110 | Henry Schein Inc, (2) | 897,114 | ||||
50,257 | Hologic Inc, (2) | 3,458,687 | ||||
18,261 | Insulet Corp, (2) | 4,058,507 | ||||
5,003 | Mettler-Toledo International Inc, (2) | 4,992,544 | ||||
14,918 | STERIS PLC | 2,643,320 | ||||
20,449 | Varian Medical Systems Inc, (2) | 3,533,587 | ||||
15,562 | Waters Corp, (2) | 3,467,525 | ||||
15,476 | West Pharmaceutical Services Inc | 4,210,555 | ||||
Total Health Care | 35,926,993 |
Shares | Description (1) | Value | ||||
Industrials – 17.7% | ||||||
63,804 | A O Smith Corp | $3,298,029 | ||||
47,015 | Copart Inc, (2) | 5,188,575 | ||||
36,941 | Expeditors International of Washington Inc | 3,264,476 | ||||
66,190 | Fastenal Co | 2,861,394 | ||||
21,989 | IDEX Corp | 3,746,706 | ||||
4,896 | Lennox International Inc | 1,330,047 | ||||
55,870 | Masco Corp | 2,994,632 | ||||
17,829 | Nordson Corp | 3,448,663 | ||||
11,645 | Teledyne Technologies Inc, (2) | 3,600,052 | ||||
50,097 | Xylem Inc/NY | 4,365,453 | ||||
Total Industrials | 34,098,027 | |||||
Information Technology – 35.1% | ||||||
16,833 | ANSYS Inc, (2) | 5,123,460 | ||||
8,169 | Arista Networks Inc, (2) | 1,706,504 | ||||
28,076 | Cadence Design Systems Inc, (2) | 3,070,672 | ||||
1,993 | Citrix Systems Inc | 225,747 | ||||
19,921 | Cognex Corp | 1,312,794 | ||||
15,344 | Coupa Software Inc, (2) | 4,107,589 | ||||
7,209 | Fair Isaac Corp, (2) | 2,821,963 | ||||
33,611 | Fortinet Inc, (2) | 3,709,646 | ||||
22,316 | Jack Henry & Associates Inc | 3,308,347 | ||||
7,138 | Keysight Technologies Inc, (2) | 748,562 | ||||
59,100 | Maxim Integrated Products Inc, (2) | 4,116,315 | ||||
11,974 | Okta Inc, (2) | 2,512,504 | ||||
13,683 | Paycom Software Inc, (2) | 4,981,844 | ||||
39,380 | PTC Inc, (2) | 3,303,194 | ||||
16,328 | RingCentral Inc, Class A, (2) | 4,218,176 | ||||
126,609 | Slack Technologies Inc, (2) | 3,238,658 | ||||
29,575 | Splunk Inc, (2) | 5,857,033 | ||||
61,602 | Trimble Inc, (2) | 2,964,904 | ||||
22,876 | Twilio Inc, (2) | 6,381,718 | ||||
14,298 | Zebra Technologies Corp, (2) | 4,055,485 | ||||
Total Information Technology | 67,765,115 | |||||
Materials – 1.6% | ||||||
125,587 | Axalta Coating Systems Ltd, (2) | 3,153,489 | ||||
Real Estate – 2.4% | ||||||
90,667 | CBRE Group Inc, (2) | 4,569,617 | ||||
Total Long-Term Investments (cost $164,922,841) | 192,983,188 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 270 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 11/02/20 | N/R | $ 270,000 | |
Total Short-Term Investments (cost $270,000) | 270,000 | |||||
Total Investments (cost $165,192,841) – 100.0% | 193,253,188 | |||||
Other Assets Less Liabilities – (0.0)% | (37,413) | |||||
Net Assets – 100% | $ 193,215,775 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
COMMON STOCKS – 99.7% | ||||||
Communication Services – 3.4% | ||||||
852 | Discovery Inc, (2) | $17,244 | ||||
90,037 | Discovery Inc, (2) | 1,649,478 | ||||
32,285 | Interpublic Group of Cos Inc | 584,036 | ||||
61,691 | Liberty Global PLC, (2) | 1,151,154 | ||||
7,817 | Zillow Group Inc, (2) | 692,743 | ||||
Total Communication Services | 4,094,655 | |||||
Consumer Discretionary – 15.3% | ||||||
23,801 | Best Buy Co Inc | 2,655,001 | ||||
27,293 | BorgWarner Inc | 954,709 | ||||
8,740 | CarMax Inc, (2) | 755,486 | ||||
26,351 | Darden Restaurants Inc | 2,422,184 | ||||
26,698 | Hasbro Inc | 2,208,458 | ||||
26,765 | LKQ Corp, (2) | 856,212 | ||||
20,341 | Mohawk Industries Inc, (2) | 2,098,988 | ||||
84,106 | Newell Brands Inc | 1,485,312 | ||||
14,404 | Royal Caribbean Cruises Ltd, (2) | 812,674 | ||||
16,384 | Tiffany & Co | 2,143,683 | ||||
7,966 | Vail Resorts Inc, (2) | 1,848,431 | ||||
Total Consumer Discretionary | 18,241,138 | |||||
Consumer Staples – 3.6% | ||||||
40,622 | Bunge Ltd | 2,304,486 | ||||
18,441 | Campbell Soup Co | 860,642 | ||||
6,338 | McCormick & Co Inc/MD | 1,144,072 | ||||
Total Consumer Staples | 4,309,200 | |||||
Energy – 3.4% | ||||||
98,222 | Baker Hughes Co | 1,450,739 | ||||
143,878 | National Oilwell Varco Inc, (2) | 1,208,575 | ||||
49,047 | ONEOK Inc | 1,422,363 | ||||
Total Energy | 4,081,677 | |||||
Financials – 18.6% | ||||||
48,990 | Ally Financial Inc | 1,307,053 | ||||
12,418 | Arch Capital Group Ltd, (2) | 375,148 | ||||
24,909 | Arthur J Gallagher & Co | 2,583,312 | ||||
13,676 | Assurant Inc | 1,700,884 | ||||
63,882 | Carlyle Group Inc | 1,591,939 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
78,433 | Citizens Financial Group Inc | $2,137,299 | ||||
2,633 | Comerica Inc | 119,828 | ||||
95,431 | Equitable Holdings Inc | 2,050,812 | ||||
2,731 | First Republic Bank/CA | 344,488 | ||||
19,166 | Franklin Resources Inc | 359,363 | ||||
1,309 | Huntington Bancshares Inc/OH | 13,666 | ||||
37,931 | Invesco Ltd | 497,275 | ||||
76,714 | KeyCorp | 995,748 | ||||
27,468 | Lincoln National Corp | 964,127 | ||||
19,698 | Loews Corp | 683,127 | ||||
22,209 | People's United Financial Inc | 236,970 | ||||
50,189 | Principal Financial Group Inc | 1,968,413 | ||||
6,746 | Regions Financial Corp | 89,722 | ||||
15,508 | Reinsurance Group of America Inc | 1,566,618 | ||||
5,817 | SVB Financial Group, (2) | 1,691,002 | ||||
18,445 | Voya Financial Inc | 884,069 | ||||
557 | Zions Bancorp NA | 17,974 | ||||
Total Financials | 22,178,837 | |||||
Health Care – 7.0% | ||||||
11,715 | Catalent Inc, (2) | 1,028,226 | ||||
36,791 | DENTSPLY SIRONA Inc | 1,736,167 | ||||
356 | Henry Schein Inc, (2) | 22,634 | ||||
2,025 | Hologic Inc, (2) | 139,361 | ||||
6,179 | Jazz Pharmaceuticals PLC, (2) | 890,394 | ||||
19,225 | Quest Diagnostics Inc | 2,348,141 | ||||
1,106 | STERIS PLC | 195,972 | ||||
5,153 | Varian Medical Systems Inc, (2) | 890,438 | ||||
4,808 | Waters Corp, (2) | 1,071,319 | ||||
Total Health Care | 8,322,652 | |||||
Industrials – 13.4% | ||||||
3,501 | AMERCO, (2) | 1,215,407 | ||||
69,723 | Carrier Global Corp, (2) | 2,328,051 | ||||
11,569 | CH Robinson Worldwide Inc | 1,023,047 | ||||
526 | Expeditors International of Washington Inc | 46,483 | ||||
44,639 | Fastenal Co | 1,929,744 | ||||
16,802 | Fortune Brands Home & Security Inc | 1,358,778 | ||||
11,110 | Kansas City Southern | 1,956,915 | ||||
27,406 | Masco Corp | 1,468,962 | ||||
74,589 | Nielsen Holdings PLC | 1,007,697 | ||||
28,778 | Owens Corning | 1,884,096 | ||||
4,692 | Robert Half International Inc | 237,837 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
4,270 | WW Grainger Inc | $ 1,494,585 | ||||
Total Industrials | 15,951,602 | |||||
Information Technology – 10.2% | ||||||
7,503 | F5 Networks Inc, (2) | 997,449 | ||||
36,842 | FLIR Systems Inc | 1,278,049 | ||||
83,207 | Marvell Technology Group Ltd | 3,121,095 | ||||
33,030 | NortonLifeLock Inc | 679,427 | ||||
2,003 | Okta Inc, (2) | 420,289 | ||||
16,907 | ON Semiconductor Corp, (2) | 424,197 | ||||
9,908 | Seagate Technology PLC | 473,800 | ||||
9,401 | Skyworks Solutions Inc | 1,328,267 | ||||
37,098 | Trimble Inc, (2) | 1,785,527 | ||||
82,596 | Western Union Co | 1,605,666 | ||||
Total Information Technology | 12,113,766 | |||||
Materials – 5.4% | ||||||
223,166 | Amcor PLC | 2,327,622 | ||||
9,969 | Celanese Corp | 1,131,581 | ||||
14,992 | International Flavors & Fragrances Inc | 1,539,079 | ||||
60,010 | Mosaic Co | 1,110,185 | ||||
12,234 | Steel Dynamics Inc | 385,126 | ||||
Total Materials | 6,493,593 | |||||
Real Estate – 14.0% | ||||||
15,925 | Alexandria Real Estate Equities Inc | 2,412,956 | ||||
60,849 | Duke Realty Corp | 2,311,654 | ||||
161 | Federal Realty Investment Trust | 11,074 | ||||
82,093 | Healthpeak Properties Inc | 2,214,048 | ||||
153,287 | Host Hotels & Resorts Inc | 1,606,448 | ||||
37,158 | Iron Mountain Inc | 968,337 | ||||
5,288 | Jones Lang LaSalle Inc, (2) | 596,804 | ||||
31,042 | Regency Centers Corp | 1,104,785 | ||||
34,379 | UDR Inc | 1,074,000 | ||||
58,152 | Ventas Inc | 2,295,259 | ||||
92,239 | VICI Properties Inc | 2,116,885 | ||||
Total Real Estate | 16,712,250 | |||||
Utilities – 5.4% | ||||||
41,150 | CMS Energy Corp | 2,606,029 | ||||
86,539 | NiSource Inc | 1,987,801 | ||||
55,976 | UGI Corp | 1,810,264 | ||||
Total Utilities | 6,404,094 | |||||
Total Long-Term Investments (cost $114,410,770) | 118,903,464 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
SHORT-TERM INVESTMENTS – 0.2% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.2% | ||||||
$ 180 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 11/02/20 | N/R | $ 180,000 | |
Total Short-Term Investments (cost $180,000) | 180,000 | |||||
Total Investments (cost $114,590,770) – 99.9% | 119,083,464 | |||||
Other Assets Less Liabilities – 0.1% | 157,460 | |||||
Net Assets – 100% | $ 119,240,924 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Communication Services – 1.7% | ||||||
442 | Bandwidth Inc, (2) | $70,877 | ||||
17,113 | Boingo Wireless Inc, (2) | 159,835 | ||||
10,637 | Cardlytics Inc, (2), (3) | 785,223 | ||||
2,436 | Cincinnati Bell Inc, (2) | 36,662 | ||||
3,292 | Cinemark Holdings Inc, (2), (3) | 26,961 | ||||
134,326 | Clear Channel Outdoor Holdings Inc, (2) | 120,087 | ||||
37,761 | Consolidated Communications Holdings Inc, (2) | 176,344 | ||||
21,656 | EW Scripps Co | 196,636 | ||||
17,036 | Gray Television Inc, (2) | 216,017 | ||||
3,336 | Hemisphere Media Group Inc, (2) | 26,088 | ||||
20,685 | iHeartMedia Inc, (2), (3) | 170,031 | ||||
2,585 | IMAX Corp, (2) | 29,805 | ||||
1,538 | Iridium Communications Inc, (2) | 40,619 | ||||
20,823 | John Wiley & Sons Inc | 644,680 | ||||
1,640 | Loral Space & Communications Inc, (2) | 28,552 | ||||
14,864 | National CineMedia Inc | 29,505 | ||||
5,288 | New York Times Co | 209,722 | ||||
15,675 | Scholastic Corp | 309,738 | ||||
643 | Shenandoah Telecommunications Co | 28,048 | ||||
2,935 | TEGNA Inc | 35,308 | ||||
17,498 | TripAdvisor Inc, (2) | 334,387 | ||||
1,375 | United States Cellular Corp, (2) | 40,040 | ||||
28,291 | WideOpenWest Inc, (2) | 141,172 | ||||
12,218 | World Wrestling Entertainment Inc | 444,247 | ||||
198,874 | Zynga Inc, (2) | 1,787,877 | ||||
Total Communication Services | 6,088,461 | |||||
Consumer Discretionary – 16.2% | ||||||
6,534 | 1-800-Flowerscom Inc, (2) | 129,569 | ||||
19,309 | Aaron's Holdings Co Inc | 1,009,088 | ||||
23,190 | American Eagle Outfitters Inc | 317,935 | ||||
7,997 | American Public Education Inc, (2) | 226,075 | ||||
331 | Asbury Automotive Group Inc, (2) | 34,086 | ||||
21,185 | Big Lots Inc | 1,008,406 | ||||
18,938 | Bright Horizons Family Solutions Inc, (2) | 2,993,151 | ||||
42,336 | Callaway Golf Co, (2) | 655,785 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
17,202 | Camping World Holdings Inc | $454,821 | ||||
9,287 | Carriage Services Inc | 239,697 | ||||
286 | Cavco Industries Inc, (2) | 49,232 | ||||
965 | Century Communities Inc, (2) | 37,481 | ||||
1,533 | Children's Place Inc, (2) | 38,739 | ||||
2,120 | Cooper Tire & Rubber Co | 72,907 | ||||
24,779 | Core-Mark Holding Co Inc | 677,706 | ||||
22,706 | Crocs Inc, (2) | 1,188,205 | ||||
2,793 | Dana Inc, (2) | 39,074 | ||||
3,294 | Deckers Outdoor Corp, (2) | 834,601 | ||||
1,213 | Dick's Sporting Goods Inc | 68,716 | ||||
8,166 | Dine Brands Global Inc, (2) | 420,141 | ||||
8,771 | Dorman Products Inc, (2) | 782,987 | ||||
25,944 | Dunkin' Brands Group Inc | 2,586,876 | ||||
9,939 | El Pollo Loco Holdings Inc, (2) | 140,339 | ||||
12,740 | Ethan Allen Interiors Inc | 204,477 | ||||
16,862 | Etsy Inc, (2) | 2,050,251 | ||||
21,621 | Foot Locker Inc | 797,382 | ||||
25,498 | frontdoor Inc, (2) | 1,010,231 | ||||
31,781 | GameStop Corp, (2), (3) | 332,747 | ||||
19,733 | Gap Inc | 383,807 | ||||
2,508 | Genesco Inc, (2) | 44,442 | ||||
766 | Gentherm Inc, (2) | 35,458 | ||||
66,686 | GoPro Inc, (2) | 396,115 | ||||
6,241 | Green Brick Partners Inc, (2) | 111,651 | ||||
4,357 | Group 1 Automotive Inc, (2) | 462,191 | ||||
128,802 | Hanesbrands Inc | 2,069,848 | ||||
40,619 | Harley-Davidson Inc | 1,335,553 | ||||
8,701 | Helen of Troy Ltd, (2) | 1,649,710 | ||||
1,777 | Hibbett Sports Inc, (2) | 67,188 | ||||
14,515 | iRobot Corp, (2) | 1,155,104 | ||||
6,725 | Jack in the Box Inc | 538,404 | ||||
3,362 | Johnson Outdoors Inc | 293,603 | ||||
4,154 | KB Home | 133,967 | ||||
26,561 | Kontoor Brands Inc | 873,857 | ||||
7,057 | Lands' End Inc, (2) | 113,265 | ||||
9,287 | La-Z-Boy Inc | 317,894 | ||||
288 | LCI Industries, Inc | 31,582 | ||||
33,791 | Levi Strauss & Co, (2) | 533,222 | ||||
2,547 | LGI Homes Inc, (2) | 272,223 | ||||
1,161 | Lithia Motors Inc | 266,531 |
Shares | Description (1) | Value | ||||
Consumer Discretionary (continued) | ||||||
115,308 | Macy's Inc, (2), (3) | $716,063 | ||||
11,309 | Malibu Boats Inc, (2) | 574,836 | ||||
11,043 | MarineMax Inc, (2) | 331,069 | ||||
22,416 | Marriott Vacations Worldwide Corp, (2) | 2,165,386 | ||||
4,641 | Meritage Homes Corp, (2) | 404,185 | ||||
14,165 | Monro Inc | 595,780 | ||||
8,007 | Murphy USA Inc, (2) | 979,176 | ||||
2,633 | National Vision Holdings Inc, (2) | 106,189 | ||||
38,078 | Nordstrom Inc, (2), (3) | 460,744 | ||||
4,653 | Overstockcom Inc, (2) | 261,033 | ||||
779 | Oxford Industries Inc | 32,071 | ||||
21,491 | Planet Fitness Inc, (2) | 1,273,772 | ||||
12,949 | Pool Corp | 4,529,949 | ||||
1,259 | PVH Corp, (2) | 73,387 | ||||
38,108 | Quotient Technology Inc, (2) | 339,161 | ||||
11,782 | RealReal Inc, (2) | 148,335 | ||||
7,404 | Rent-A-Center Inc/TX | 228,784 | ||||
7,276 | Revolve Group Inc, (2) | 131,550 | ||||
78,649 | Service Corp International/US | 3,642,235 | ||||
16,125 | Shake Shack Inc, (2) | 1,088,760 | ||||
11,680 | Signet Jewelers Ltd, (2) | 260,230 | ||||
10,628 | Sleep Number Corp, (2) | 673,390 | ||||
46,930 | Sonos Inc, (2) | 685,178 | ||||
47,792 | Tapestry Inc, (2) | 1,062,416 | ||||
16,190 | Taylor Morrison Home Corp, (2) | 349,704 | ||||
45,648 | Terminix Global Holdings Inc, (2) | 2,149,564 | ||||
15,018 | Thor Industries Inc | 1,270,222 | ||||
104,567 | Under Armour Inc, (2) | 1,278,854 | ||||
3,098 | Visteon Corp, (2) | 277,736 | ||||
99,808 | Wendy's Co | 2,180,805 | ||||
6,454 | Williams-Sonoma Inc | 588,669 | ||||
9,024 | Wolverine World Wide Inc | 240,670 | ||||
21,038 | WW International Inc, (2) | 445,164 | ||||
16,752 | YETI Holdings Inc, (2) | 828,889 | ||||
1,603 | Zumiez Inc, (2) | 44,884 | ||||
Total Consumer Discretionary | 59,905,160 | |||||
Consumer Staples – 4.3% | ||||||
5,865 | Beyond Meat Inc, (2) | 835,352 | ||||
1,125 | BJ's Wholesale Club Holdings Inc, (2) | 43,076 | ||||
7,776 | Casey's General Stores Inc | 1,310,800 | ||||
88,483 | Darling Ingredients Inc, (2) | 3,804,769 |
Shares | Description (1) | Value | ||||
Consumer Staples (continued) | ||||||
13,934 | Edgewell Personal Care Co, (2) | $365,350 | ||||
21,188 | Energizer Holdings Inc | 833,748 | ||||
17,010 | Fresh Del Monte Produce Inc | 366,225 | ||||
19,008 | Freshpet Inc, (2) | 2,176,416 | ||||
872 | Grocery Outlet Holding Corp, (2) | 38,385 | ||||
6,493 | Hain Celestial Group Inc, (2) | 199,660 | ||||
5,706 | Medifast Inc | 801,636 | ||||
40,344 | Performance Food Group Co, (2) | 1,355,962 | ||||
544 | PriceSmart Inc | 37,536 | ||||
36,977 | Simply Good Foods Co, (2) | 695,168 | ||||
1,749 | SpartanNash Co | 32,199 | ||||
21,180 | Spectrum Brands Holdings Inc | 1,204,507 | ||||
1,663 | Sprouts Farmers Market Inc, (2) | 31,680 | ||||
2,362 | TreeHouse Foods Inc, (2) | 91,740 | ||||
2,363 | United Natural Foods Inc, (2) | 34,429 | ||||
77,906 | US Foods Holding Corp, (2) | 1,628,235 | ||||
Total Consumer Staples | 15,886,873 | |||||
Energy – 1.6% | ||||||
70,710 | Archrock Inc | 419,310 | ||||
25,947 | Cactus Inc | 441,099 | ||||
93,942 | ChampionX Corp, (2) | 820,114 | ||||
83,227 | Clean Energy Fuels Corp, (2) | 206,403 | ||||
24,304 | Core Laboratories NV | 351,193 | ||||
40,540 | Delek US Holdings Inc | 407,832 | ||||
8,003 | DMC Global Inc, (2) | 284,667 | ||||
35,367 | Liberty Oilfield Services Inc, (2) | 236,251 | ||||
55,570 | Oceaneering International Inc, (2) | 226,726 | ||||
21,350 | Renewable Energy Group Inc, (2) | 1,204,140 | ||||
232,759 | TechnipFMC PLC | 1,287,157 | ||||
Total Energy | 5,884,892 | |||||
Financials – 12.9% | ||||||
506 | Affiliated Managers Group Inc | 38,137 | ||||
8,374 | Amalgamated Bank | 92,951 | ||||
3,647 | Amerant Bancorp Inc, (2) | 36,725 | ||||
18,329 | Ameris Bancorp | 537,040 | ||||
1,024 | Argo Group International Holdings Ltd, (2) | 36,536 | ||||
22,325 | Artisan Partners Asset Management Inc | 894,339 | ||||
3,074 | Associated Banc-Corp | 42,083 | ||||
1,590 | Assured Guaranty Ltd | 40,593 | ||||
804 | BancFirst Corp | 35,738 | ||||
27,239 | Bancorp Inc, (2) | 261,494 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
1,536 | BancorpSouth Bank | $35,958 | ||||
37,960 | Bank OZK | 940,649 | ||||
50,446 | BankUnited Inc | 1,273,761 | ||||
5,820 | Banner Corp | 214,583 | ||||
24,096 | Berkshire Hills Bancorp Inc | 313,971 | ||||
5,709 | BOK Financial Corp | 335,347 | ||||
2,368 | Bridge Bancorp, Inc | 46,271 | ||||
34,818 | Brightsphere Investment Group Inc | 480,488 | ||||
3,676 | Brookline Bancorp Inc | 35,216 | ||||
1,351 | Bryn Mawr Bank Corp | 36,288 | ||||
9,369 | Byline Bancorp Inc | 123,109 | ||||
68,373 | Cadence BanCorp | 767,145 | ||||
1,112 | Camden National Corp | 35,551 | ||||
2,225 | CNO Financial Group Inc | 39,494 | ||||
10,398 | Cohen & Steers Inc | 585,511 | ||||
2,655 | Columbia Banking System Inc | 75,429 | ||||
6,065 | Columbia Financial Inc, (2) | 73,932 | ||||
3,226 | Commerce Bancshares Inc/MO | 200,818 | ||||
1,130 | Community Trust Bancorp Inc | 35,957 | ||||
2,470 | ConnectOne Bancorp, Inc | 38,112 | ||||
13,196 | Cowen Inc | 283,186 | ||||
8,909 | Crawford & Co | 57,018 | ||||
5,536 | Cullen/Frost Bankers Inc | 389,015 | ||||
7,126 | Customers Bancorp Inc, (2) | 98,481 | ||||
10,948 | CVB Financial Corp | 191,590 | ||||
1,688 | Diamond Hill Investment Group Inc, (2) | 231,155 | ||||
6,169 | eHealth Inc, (2) | 414,002 | ||||
22,155 | Ellington Financial Inc | 271,177 | ||||
1,198 | Enterprise Financial Services Corp | 34,874 | ||||
8,107 | Equity Bancshares Inc, (2) | 149,007 | ||||
1,286 | Federal Agricultural Mortgage Corp | 83,063 | ||||
14,725 | Federated Hermes Inc | 351,927 | ||||
40,339 | First American Financial Corp | 1,798,716 | ||||
2,064 | First Busey Corp | 37,131 | ||||
12,051 | First Financial Bancorp | 172,329 | ||||
1,943 | First Financial Bankshares Inc | 57,921 | ||||
63,660 | First Horizon National Corp | 662,701 | ||||
5,062 | First Interstate BancSystem Inc | 178,689 | ||||
1,212 | Flagstar Bancorp Inc | 35,572 | ||||
29,986 | Fulton Financial Corp | 329,546 | ||||
270,105 | Genworth Financial Inc, (2) | 1,061,513 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
7,268 | Glacier Bancorp Inc | $260,194 | ||||
7,474 | Goosehead Insurance Inc, (2) | 915,864 | ||||
6,452 | Great Western Bancorp Inc | 83,811 | ||||
8,142 | Green Dot Corp, (2) | 434,131 | ||||
16,203 | Hancock Whitney Corp | 370,563 | ||||
14,375 | Hanmi Financial Corp | 129,231 | ||||
26,003 | Hannon Armstrong Sustainable Infrastructure Capital Inc | 1,088,226 | ||||
11,016 | Hanover Insurance Group Inc | 1,053,791 | ||||
7,634 | Heartland Financial USA Inc | 251,464 | ||||
7,050 | Heritage Financial Corp/WA | 147,768 | ||||
1,395 | HomeStreet Inc | 43,343 | ||||
9,156 | HomeTrust Bancshares Inc | 146,221 | ||||
5,693 | Independent Bank Corp | 326,152 | ||||
29,511 | International Bancshares Corp | 816,864 | ||||
127,994 | Investors Bancorp Inc | 1,082,829 | ||||
18,439 | Janus Henderson Group PLC | 448,068 | ||||
14,074 | KKR Real Estate Finance Trust Inc | 235,177 | ||||
34,547 | LendingClub Corp, (2) | 161,334 | ||||
14,732 | Live Oak Bancshares Inc | 549,209 | ||||
6,084 | LPL Financial Holdings Inc | 486,294 | ||||
8,641 | Luther Burbank Corp | 81,485 | ||||
4,730 | Merchants Bancorp/IN | 102,073 | ||||
3,233 | Meta Financial Group Inc | 94,856 | ||||
20,701 | MGIC Investment Corp | 208,252 | ||||
7,020 | Morningstar Inc | 1,336,468 | ||||
38,758 | Mr Cooper Group Inc, (2) | 817,019 | ||||
1,301 | National Bank Holdings Corp | 39,225 | ||||
94,518 | New York Community Bancorp Inc | 785,445 | ||||
3,895 | OceanFirst Financial Corp | 58,308 | ||||
14,892 | Old National Bancorp/IN | 208,190 | ||||
7,006 | Origin Bancorp Inc | 156,724 | ||||
27,308 | PennyMac Financial Services Inc | 1,387,793 | ||||
21,775 | Pinnacle Financial Partners Inc | 997,077 | ||||
24,589 | PRA Group Inc, (2) | 839,223 | ||||
2,438 | Premier Financial Corp | 43,860 | ||||
6,113 | Primerica Inc | 673,897 | ||||
29,364 | ProAssurance Corp | 453,086 | ||||
2,688 | Provident Financial Services, Inc | 36,476 | ||||
1,404 | QCR Holdings Inc | 43,566 | ||||
1,931 | S&T Bancorp Inc | 38,214 | ||||
9,430 | Seacoast Banking Corp of Florida, (2) | 202,556 |
Shares | Description (1) | Value | ||||
Financials (continued) | ||||||
17,646 | ServisFirst Bancshares Inc | $651,137 | ||||
19,763 | Simmons First National Corp | 335,773 | ||||
131,835 | SLM Corp | 1,211,564 | ||||
9,348 | South State Corp | 573,967 | ||||
119,541 | Starwood Property Trust Inc | 1,669,988 | ||||
106,212 | Sterling Bancorp/DE | 1,421,117 | ||||
867 | Stock Yards Bancorp, Inc | 33,137 | ||||
8,886 | StoneX Group Inc, (2) | 470,780 | ||||
58,304 | Synovus Financial Corp | 1,515,904 | ||||
50,527 | TCF Financial Corp | 1,374,840 | ||||
13,394 | Texas Capital Bancshares Inc, (2) | 602,730 | ||||
3,157 | TFS Financial Corp | 49,596 | ||||
1,264 | TriCo Bancshares | 36,568 | ||||
12,747 | TriState Capital Holdings Inc, (2) | 160,485 | ||||
16,170 | Trupanion, Inc, (2) | 1,156,802 | ||||
686 | UMB Financial Corp | 41,757 | ||||
3,227 | Umpqua Holdings Corp | 40,531 | ||||
4,604 | United Bankshares Inc/WV | 120,763 | ||||
9,632 | Valley National Bancorp | 73,588 | ||||
8,974 | Victory Capital Holdings Inc | 164,583 | ||||
31,782 | Virtu Financial Inc | 679,499 | ||||
256 | Virtus Investment Partners Inc | 40,845 | ||||
18,372 | Washington Federal Inc | 391,140 | ||||
12,214 | Webster Financial Corp | 393,413 | ||||
17,093 | Western Alliance Bancorp | 704,232 | ||||
23,639 | Wintrust Financial Corp | 1,163,748 | ||||
67,235 | WisdomTree Investments Inc | 244,735 | ||||
3,566 | WSFS Financial Corp | 113,007 | ||||
Total Financials | 47,662,395 | |||||
Health Care – 16.1% | ||||||
1,237 | 1Life Healthcare Inc, (2) | 34,896 | ||||
7,288 | Acadia Healthcare Co Inc, (2) | 259,817 | ||||
26,710 | ACADIA Pharmaceuticals Inc, (2) | 1,240,680 | ||||
16,179 | Accelerate Diagnostics Inc, (2) | 152,406 | ||||
6,985 | Acceleron Pharma Inc, (2) | 730,491 | ||||
18,959 | Achillion Pharmaceuticals Inc, (4) | 8,721 | ||||
7,786 | Adaptive Biotechnologies Corp, (2) | 358,779 | ||||
390 | Addus HomeCare Corp, (2) | 38,052 | ||||
12,620 | Aerie Pharmaceuticals Inc, (2) | 133,898 | ||||
11,345 | Agios Pharmaceuticals Inc, (2) | 454,594 | ||||
13,184 | Alder Biopharmaceuticals Inc, (2), (4) | 11,602 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
73,139 | Allscripts Healthcare Solutions Inc, (2) | $737,241 | ||||
2,111 | Amedisys Inc, (2) | 546,749 | ||||
25,374 | AMN Healthcare Services Inc, (2) | 1,656,415 | ||||
13,416 | AnaptysBio Inc, (2) | 395,235 | ||||
9,814 | AngioDynamics Inc, (2) | 101,477 | ||||
69,828 | Antares Pharma Inc, (2) | 190,630 | ||||
1,401 | Applied Therapeutics Inc, (2) | 22,794 | ||||
9,309 | Arvinas Inc, (2) | 194,651 | ||||
16,994 | Assembly Biosciences Inc, (2) | 250,492 | ||||
28,042 | Atara Biotherapeutics Inc, (2) | 362,022 | ||||
4,840 | AtriCure Inc, (2) | 167,270 | ||||
794 | Atrion Corp | 477,313 | ||||
14,506 | Avrobio Inc, (2) | 207,146 | ||||
6,259 | Axsome Therapeutics Inc, (2) | 415,034 | ||||
84,996 | BioCryst Pharmaceuticals Inc, (2) | 324,685 | ||||
948 | BioTelemetry Inc, (2) | 40,366 | ||||
18,175 | Bluebird Bio Inc, (2) | 939,829 | ||||
90,548 | Brookdale Senior Living Inc, (2) | 266,211 | ||||
13,151 | Cardiovascular Systems Inc, (2) | 468,833 | ||||
5,243 | Cerus Corp, (2) | 27,526 | ||||
3,954 | Chemed Corp | 1,891,277 | ||||
30,432 | Coherus Biosciences Inc, (2) | 507,301 | ||||
12,735 | Collegium Pharmaceutical Inc, (2) | 227,065 | ||||
1,485 | Computer Programs and Systems Inc | 41,417 | ||||
913 | Cortexyme Inc, (2) | 43,705 | ||||
5,391 | CorVel Corp, (2) | 491,767 | ||||
36,348 | Covetrus Inc, (2) | 897,432 | ||||
40,142 | Denali Therapeutics Inc, (2) | 1,717,275 | ||||
33,709 | Dicerna Pharmaceuticals Inc, (2) | 707,552 | ||||
6,319 | Eagle Pharmaceuticals Inc/DE, (2) | 293,960 | ||||
1,013 | Encompass Health Corp | 62,107 | ||||
12,243 | Ensign Group Inc | 720,378 | ||||
37,224 | Envista Holdings Corp, (2) | 983,458 | ||||
23,209 | FibroGen Inc, (2) | 890,761 | ||||
17,427 | Flexion Therapeutics Inc, (2) | 208,950 | ||||
15,670 | G1 Therapeutics Inc, (2) | 172,213 | ||||
33,697 | GenMark Diagnostics Inc, (2) | 411,777 | ||||
7,393 | Glaukos Corp, (2) | 413,417 | ||||
14,995 | Global Blood Therapeutics Inc, (2) | 792,936 | ||||
8,292 | Globus Medical Inc, (2) | 432,179 | ||||
7,225 | Guardant Health Inc, (2) | 770,619 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
11,480 | Haemonetics Corp, (2) | $1,160,513 | ||||
59,035 | Halozyme Therapeutics Inc, (2) | 1,652,980 | ||||
20,259 | Hanger Inc, (2) | 353,925 | ||||
2,812 | Health Catalyst Inc, (2) | 96,958 | ||||
3,800 | Heska Corp, (2) | 445,854 | ||||
7,041 | Hill-Rom Holdings Inc | 641,224 | ||||
1,244 | HMS Holdings Corp, (2) | 33,115 | ||||
17,174 | Horizon Therapeutics Plc, (2) | 1,286,848 | ||||
4,266 | Immunovant Inc, (2) | 186,083 | ||||
5,581 | Inogen Inc, (2) | 163,021 | ||||
20,473 | Inovio Pharmaceuticals, Inc, (2), (3) | 201,659 | ||||
15,322 | Intersect ENT Inc, (2) | 237,491 | ||||
5,744 | Intra-Cellular Therapies Inc, (2) | 141,704 | ||||
1,867 | LeMaitre Vascular Inc | 60,640 | ||||
199 | LHC Group Inc, (2) | 43,093 | ||||
8,716 | Ligand Pharmaceuticals Inc, (2), (3) | 718,634 | ||||
1,294 | Luminex Corp | 28,520 | ||||
483 | Magellan Health Inc, (2) | 34,906 | ||||
4,267 | MEDNAX Inc, (2) | 54,404 | ||||
16,365 | Meridian Bioscience Inc, (2) | 280,660 | ||||
17,085 | Merit Medical Systems Inc, (2) | 855,104 | ||||
9,778 | Mirati Therapeutics Inc, (2) | 2,123,195 | ||||
3,079 | Molecular Templates Inc, (2) | 27,218 | ||||
7,716 | MyoKardia Inc, (2) | 1,724,758 | ||||
7,486 | National Research Corp, (2) | 387,775 | ||||
34,428 | NeoGenomics Inc, (2) | 1,350,610 | ||||
7,019 | NextGen Healthcare Inc, (2) | 95,458 | ||||
5,576 | Novavax Inc, (2) | 450,039 | ||||
6,295 | Odonate Therapeutics Inc, (2) | 90,711 | ||||
233,884 | OPKO Health Inc, (2), (3) | 823,272 | ||||
24,121 | OraSure Technologies Inc, (2) | 360,368 | ||||
7,625 | Orthofix Medical Inc, (2) | 238,358 | ||||
3,609 | OrthoPediatrics Corp, (2) | 160,961 | ||||
32,339 | Owens & Minor Inc | 812,356 | ||||
7,485 | Passage Bio Inc, (2) | 125,823 | ||||
8,606 | Patterson Cos Inc | 214,074 | ||||
14,512 | Pennant Group Inc, (2) | 604,570 | ||||
2,734 | Penumbra Inc, (2) | 713,656 | ||||
10,382 | PetIQ Inc, (2) | 296,510 | ||||
6,309 | Phibro Animal Health Corp | 103,720 | ||||
1,058 | Premier Inc, (2) | 34,628 |
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
1,135 | Progyny Inc, (2) | $27,660 | ||||
13,484 | Prothena Corp PLC, (2) | 147,110 | ||||
4,020 | Providence Service Corp, (2) | 472,551 | ||||
10,816 | Quidel Corp, (2) | 2,901,825 | ||||
31,699 | Quotient Ltd, (2) | 149,619 | ||||
50,172 | R1 RCM Inc, (2) | 899,082 | ||||
6,313 | RadNet Inc, (2) | 91,602 | ||||
3,389 | Reata Pharmaceuticals Inc, (2) | 395,530 | ||||
9,594 | Repligen Corp, (2) | 1,598,073 | ||||
11,237 | Revance Therapeutics Inc, (2) | 290,814 | ||||
24,452 | Sage Therapeutics Inc, (2) | 1,794,288 | ||||
1,839 | Select Medical Holdings Corp, (2) | 38,582 | ||||
706 | Shockwave Medical Inc, (2) | 48,234 | ||||
1,715 | SI-BONE Inc, (2) | 35,964 | ||||
28,834 | SIGA Technologies Inc, (2) | 184,249 | ||||
671 | Silk Road Medical Inc, (2) | 40,663 | ||||
577 | Simulations Plus, Inc | 37,401 | ||||
1,278 | SpringWorks Therapeutics Inc, (2) | 74,111 | ||||
6,317 | STAAR Surgical Co, (2) | 457,983 | ||||
7,414 | Surgery Partners Inc, (2) | 161,774 | ||||
782 | Surmodics Inc, (2) | 28,739 | ||||
1,001 | Tactile Systems Technology Inc, (2) | 36,617 | ||||
4,125 | Tandem Diabetes Care Inc, (2) | 449,625 | ||||
5,110 | Theravance Biopharma Inc, (2) | 96,630 | ||||
16,765 | Tilray Inc, (2), (3) | 95,728 | ||||
18,016 | Tivity Health Inc, (2) | 247,720 | ||||
1,942 | Triple-S Management Corp, (2) | 35,966 | ||||
11,039 | Turning Point Therapeutics Inc, (2) | 1,017,685 | ||||
13,306 | Ultragenyx Pharmaceutical Inc, (2) | 1,337,253 | ||||
9,476 | uniQure NV, (2) | 383,115 | ||||
3,507 | US Physical Therapy Inc, (2) | 278,210 | ||||
1,282 | Vapotherm Inc, (2) | 38,396 | ||||
20,647 | Varex Imaging Corp, (2) | 276,670 | ||||
16,207 | Vocera Communications Inc, (2) | 531,265 | ||||
2,107 | XBiotech, Inc, (2) | 36,051 | ||||
3,173 | Xenon Pharmaceuticals Inc, (2) | 30,842 | ||||
10,826 | Y-mAbs Therapeutics Inc, (2) | 462,703 | ||||
110,781 | ZIOPHARM Oncology Inc, (2), (3) | 231,532 | ||||
2,419 | Zogenix Inc, (2) | 51,573 | ||||
18,073 | Zymeworks Inc, (2) | 707,016 | ||||
Total Health Care | 59,529,248 |
Shares | Description (1) | Value | ||||
Industrials – 15.4% | ||||||
10,680 | AAON Inc | $623,819 | ||||
996 | ABM Industries Inc | 34,581 | ||||
10,577 | Acuity Brands Inc | 942,834 | ||||
83,174 | ADT Inc | 548,117 | ||||
7,673 | Advanced Drainage Systems Inc | 486,698 | ||||
1,189 | AECOM, (2) | 53,315 | ||||
16,688 | Aegion Corp, (2) | 235,468 | ||||
3,848 | Alamo Group Inc | 463,030 | ||||
38,780 | Allison Transmission Holdings Inc | 1,401,897 | ||||
1,495 | ArcBest Corp | 45,627 | ||||
7,488 | Armstrong World Industries Inc | 448,531 | ||||
11,136 | Astec Industries Inc | 565,709 | ||||
15,122 | Axon Enterprise Inc, (2) | 1,495,566 | ||||
6,234 | Barnes Group Inc | 228,788 | ||||
36,950 | Bloom Energy Corp, (2) | 467,048 | ||||
15,238 | Brady Corp | 574,777 | ||||
34,200 | Builders FirstSource Inc, (2) | 1,036,260 | ||||
12,709 | Carlisle Cos Inc | 1,574,264 | ||||
4,183 | Cimpress PLC, (2) | 307,032 | ||||
10,547 | Comfort Systems USA Inc | 483,053 | ||||
10,158 | Cubic Corp | 600,439 | ||||
18,817 | Donaldson Co Inc | 893,807 | ||||
1,694 | Echo Global Logistics Inc, (2) | 45,687 | ||||
10,499 | EMCOR Group Inc | 715,927 | ||||
9,573 | ESCO Technologies Inc | 801,164 | ||||
9,702 | Federal Signal Corp | 278,253 | ||||
1,209 | Flowserve Corp | 35,206 | ||||
21,033 | Franklin Electric Co Inc | 1,256,301 | ||||
13,546 | FTI Consulting Inc, (2) | 1,333,739 | ||||
22,266 | Generac Holdings Inc, (2) | 4,679,200 | ||||
25,364 | Granite Construction Inc | 489,779 | ||||
34,677 | Great Lakes Dredge & Dock Corp, (2) | 358,213 | ||||
40,449 | Healthcare Services Group Inc | 925,473 | ||||
7,000 | Herman Miller Inc | 213,290 | ||||
15,077 | Hexcel Corp, (2) | 504,778 | ||||
23,156 | HNI Corp | 753,728 | ||||
717 | Hub Group Inc, Class A, (2) | 35,943 | ||||
712 | Hubbell Inc | 103,603 | ||||
10,789 | IAA Inc, (2) | 610,549 | ||||
524 | ICF International Inc | 34,264 | ||||
2,192 | IES Holdings Inc, (2) | 69,969 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
552 | ITT Inc | $33,402 | ||||
2,034 | KAR Auction Services Inc, (2) | 29,615 | ||||
1,995 | Kelly Services Inc, (2) | 34,673 | ||||
9,159 | Korn Ferry | 276,510 | ||||
1,866 | Landstar System Inc | 232,690 | ||||
3,547 | Lindsay Corp | 373,499 | ||||
16,062 | Luxfer Holdings PLC | 199,490 | ||||
40,332 | Macquarie Infrastructure Corp, (2) | 1,040,566 | ||||
2,313 | ManpowerGroup Inc | 156,983 | ||||
15,984 | Matthews International Corp | 348,931 | ||||
13,189 | McGrath RentCorp | 752,828 | ||||
16,636 | Mercury Systems Inc, (2) | 1,145,888 | ||||
3,305 | Middleby Corp, (2) | 328,980 | ||||
2,104 | Moog Inc | 131,269 | ||||
9,409 | MSA Safety Inc | 1,241,235 | ||||
9,049 | MYR Group Inc, (2) | 386,845 | ||||
5,519 | Oshkosh Corp | 371,760 | ||||
8,238 | Park Aerospace Corp | 87,240 | ||||
93,208 | Pitney Bowes Inc | 494,934 | ||||
165,378 | Plug Power Inc, (2) | 2,315,292 | ||||
26,337 | Quanta Services Inc | 1,644,219 | ||||
19,000 | Raven Industries Inc, (2) | 416,480 | ||||
56,617 | Resideo Technologies Inc, (2) | 570,699 | ||||
29,256 | Ryder System Inc | 1,441,151 | ||||
12,150 | Schneider National Inc | 268,029 | ||||
18,218 | SiteOne Landscape Supply Inc, (2) | 2,176,869 | ||||
40,894 | Steelcase Inc | 426,933 | ||||
9,017 | Tennant Co | 537,594 | ||||
15,971 | Tetra Tech Inc | 1,611,634 | ||||
32,164 | Toro Co | 2,640,664 | ||||
23,314 | Trex Co Inc, (2) | 1,621,256 | ||||
10,655 | TriNet Group Inc, (2) | 734,343 | ||||
20,026 | TrueBlue Inc, (2) | 310,804 | ||||
675 | UniFirst Corp/MA | 110,572 | ||||
11,666 | Valmont Industries Inc | 1,655,989 | ||||
888 | Vectrus, Inc, (2) | 35,094 | ||||
2,011 | Viad Corp, (2) | 40,220 | ||||
28,212 | Wabash National Corp | 402,303 | ||||
14,259 | Watts Water Technologies Inc | 1,579,469 | ||||
710 | Werner Enterprises Inc | 26,994 | ||||
23,391 | WESCO International Inc, (2) | 964,645 |
Shares | Description (1) | Value | ||||
Industrials (continued) | ||||||
11,953 | Woodward Inc | $ 950,861 | ||||
Total Industrials | 56,905,178 | |||||
Information Technology – 16.8% | ||||||
37,492 | ACI Worldwide Inc, (2) | 1,093,642 | ||||
12,766 | ADTRAN Inc | 136,469 | ||||
13,031 | Anaplan Inc, (2) | 721,266 | ||||
297 | Aspen Technology Inc, (2) | 32,614 | ||||
45,360 | Avaya Holdings Corp, (2) | 780,192 | ||||
15,181 | Avnet Inc | 374,515 | ||||
15,519 | Badger Meter Inc | 1,138,163 | ||||
1,482 | Benchmark Electronics Inc | 30,870 | ||||
15,270 | Benefitfocus Inc, (2) | 156,823 | ||||
3,761 | Billcom Holdings Inc, (2) | 376,100 | ||||
18,277 | Blackbaud Inc, (2) | 901,787 | ||||
9,840 | Blackline Inc, (2) | 961,171 | ||||
6,336 | Ciena Corp, (2) | 249,575 | ||||
22,379 | Cirrus Logic Inc, (2) | 1,541,242 | ||||
304 | Coherent Inc, (2) | 38,043 | ||||
45,364 | CommScope Holding Co Inc, (2) | 403,740 | ||||
92,795 | Conduent Inc, (2) | 323,391 | ||||
27,373 | Cree Inc, (2) | 1,740,923 | ||||
5,558 | CTS Corp | 153,623 | ||||
18,230 | Dolby Laboratories Inc | 1,368,708 | ||||
123,036 | DXC Technology Co, (2) | 2,266,323 | ||||
4,966 | Elastic NV, (2) | 503,602 | ||||
53,978 | Entegris Inc | 4,035,935 | ||||
25,272 | Envestnet Inc, (2) | 1,939,373 | ||||
6,803 | ePlus Inc, (2) | 459,271 | ||||
18,585 | ExlService Holdings Inc, (2) | 1,407,628 | ||||
494 | Fabrinet, (2) | 29,650 | ||||
627 | FARO Technologies Inc, (2) | 37,770 | ||||
30,931 | First Solar Inc, (2) | 2,692,389 | ||||
32,860 | Fitbit Inc, (2) | 231,334 | ||||
12,668 | Five9 Inc, (2) | 1,921,989 | ||||
3,362 | Flex Ltd, (2) | 47,572 | ||||
6,050 | Harmonic, Inc, (2) | 35,937 | ||||
4,373 | HubSpot Inc, (2) | 1,268,476 | ||||
58,823 | Infinera Corp, (2) | 368,232 | ||||
3,113 | Inseego Corp, (2) | 27,083 | ||||
14,812 | Insight Enterprises Inc, (2) | 790,220 | ||||
16,765 | InterDigital Inc | 938,505 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
14,165 | Itron Inc, (2) | $962,512 | ||||
9,990 | Kimball Electronics Inc, (2) | 121,079 | ||||
2,176 | Knowles Corp, (2) | 31,008 | ||||
34,375 | Kulicke & Soffa Industries Inc | 898,562 | ||||
205 | Littelfuse Inc | 40,578 | ||||
10,085 | Lumentum Holdings Inc, (2) | 833,929 | ||||
15,018 | Manhattan Associates Inc, (2) | 1,284,039 | ||||
1,253 | Methode Electronics Inc | 38,555 | ||||
16,448 | Mimecast Ltd, (2) | 628,478 | ||||
11,656 | MobileIron Inc, (2) | 82,058 | ||||
12,470 | Model N Inc, (2) | 439,318 | ||||
10,392 | MTS Systems Corp, (2) | 252,318 | ||||
38,905 | National Instruments Corp | 1,216,948 | ||||
69,563 | NCR Corp, (2) | 1,413,520 | ||||
3,758 | NETGEAR Inc, (2) | 115,822 | ||||
15,192 | New Relic Inc, (2) | 921,547 | ||||
3,644 | Novanta Inc, (2) | 396,176 | ||||
46,022 | Nuance Communications Inc, (2) | 1,468,562 | ||||
41,136 | Nutanix Inc, (2) | 1,001,250 | ||||
1,790 | OneSpan Inc, (2) | 39,255 | ||||
26,543 | Onto Innovation Inc, (2) | 851,234 | ||||
7,852 | OSI Systems Inc, (2) | 605,860 | ||||
4,780 | PAE Inc, (2) | 37,858 | ||||
1,537 | Paylocity Holding Corp, (2) | 285,144 | ||||
18,523 | Plantronics Inc, (2) | 361,569 | ||||
487 | Plexus Corp, (2) | 33,866 | ||||
19,211 | Progress Software Corp | 698,704 | ||||
17,865 | PROS Holdings Inc, (2) | 503,257 | ||||
1,113 | Qualys Inc, (2) | 97,777 | ||||
57,640 | Rambus Inc, (2) | 794,856 | ||||
673 | Rapid7 Inc, (2) | 41,679 | ||||
32,695 | Ribbon Communications Inc, (2) | 140,915 | ||||
1,964 | Rogers Corp, (2) | 238,076 | ||||
149,269 | Sabre Corp, (2) | 973,234 | ||||
11,849 | Smartsheet Inc, (2) | 590,673 | ||||
18,992 | SPS Commerce Inc, (2) | 1,625,525 | ||||
15,339 | SVMK Inc, (2) | 321,045 | ||||
21,148 | Sykes Enterprises Inc, (2) | 724,107 | ||||
7,405 | SYNNEX Corp, (2) | 974,794 | ||||
45,509 | Teradata Corp, (2) | 836,000 | ||||
10,263 | TTEC Holdings Inc | 562,207 |
Shares | Description (1) | Value | ||||
Information Technology (continued) | ||||||
3,611 | TTM Technologies Inc, (2) | $42,863 | ||||
12,399 | Universal Display Corp | 2,458,846 | ||||
13,725 | Virtusa Corp, (2) | 690,367 | ||||
2,168 | Vishay Precision Group Inc, (2) | 51,793 | ||||
18,717 | WEX Inc, (2) | 2,368,636 | ||||
4,553 | Workiva Inc, (2) | 251,826 | ||||
2,370 | Xerox Holdings Corp | 41,191 | ||||
10,407 | Zendesk Inc, (2) | 1,154,553 | ||||
19,027 | Zuora Inc, (2) | 183,040 | ||||
Total Information Technology | 62,251,155 | |||||
Materials – 4.2% | ||||||
13,807 | AptarGroup Inc | 1,575,241 | ||||
49,945 | Avient Corp | 1,551,791 | ||||
13,077 | Balchem Corp | 1,307,046 | ||||
7,795 | Boise Cascade Co | 299,172 | ||||
80,618 | Coeur Mining Inc, (2) | 569,969 | ||||
3,941 | Compass Minerals International Inc | 237,958 | ||||
11,378 | Domtar Corp, (2) | 271,707 | ||||
8,703 | Greif Inc | 353,255 | ||||
2,429 | Greif Inc | 105,054 | ||||
28,015 | HB Fuller Co | 1,267,679 | ||||
13,280 | Innospec Inc | 878,339 | ||||
30,332 | Louisiana-Pacific Corp | 866,889 | ||||
10,853 | Materion Corp | 555,565 | ||||
7,337 | Minerals Technologies Inc | 401,260 | ||||
16,207 | Myers Industries Inc | 232,408 | ||||
893 | Neenah Inc | 33,604 | ||||
4,121 | Ranpak Holdings Corp, (2) | 35,152 | ||||
17,056 | Reliance Steel & Aluminum Co | 1,858,933 | ||||
6,104 | Royal Gold Inc | 725,216 | ||||
4,312 | Schnitzer Steel Industries Inc | 90,552 | ||||
1,562 | Scotts Miracle-Gro Co | 234,378 | ||||
3,822 | Sonoco Products Co | 186,858 | ||||
11,046 | Stepan Co | 1,286,196 | ||||
16,561 | Trinseo SA | 526,971 | ||||
Total Materials | 15,451,193 | |||||
Real Estate – 8.5% | ||||||
566 | Agree Realty Corp | 35,132 | ||||
2,968 | Alexander & Baldwin Inc | 38,139 | ||||
1,202 | American Campus Communities Inc | 45,027 | ||||
30,386 | Armada Hoffler Properties Inc | 273,778 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
4,599 | Brandywine Realty Trust | $40,287 | ||||
50,935 | Brixmor Property Group Inc | 558,248 | ||||
26,643 | CatchMark Timber Trust Inc | 231,528 | ||||
25,341 | City Office REIT Inc | 160,155 | ||||
262,999 | Colony Capital Inc | 936,276 | ||||
13,111 | CoreSite Realty Corp | 1,564,929 | ||||
23,555 | Corporate Office Properties Trust | 528,339 | ||||
53,221 | Cousins Properties Inc | 1,356,071 | ||||
19,256 | Cushman & Wakefield PLC, (2) | 225,680 | ||||
25,454 | CyrusOne Inc | 1,808,507 | ||||
105,535 | DiamondRock Hospitality Co | 521,343 | ||||
26,227 | Douglas Emmett Inc | 618,957 | ||||
40,946 | Easterly Government Properties Inc | 855,771 | ||||
23,199 | Empire State Realty Trust Inc | 124,811 | ||||
44,875 | Essential Properties Realty Trust Inc | 741,335 | ||||
40,133 | First Industrial Realty Trust Inc | 1,597,695 | ||||
10,027 | Four Corners Property Trust Inc | 254,084 | ||||
59,247 | Franklin Street Properties Corp | 248,837 | ||||
823 | Howard Hughes Corp, (2) | 51,182 | ||||
30,583 | Hudson Pacific Properties Inc | 589,029 | ||||
51,685 | Independence Realty Trust Inc | 627,973 | ||||
34,799 | iStar Inc | 410,628 | ||||
36,840 | JBG SMITH Properties | 860,214 | ||||
8,016 | Kennedy-Wilson Holdings Inc | 105,651 | ||||
21,827 | Kilroy Realty Corp | 1,027,615 | ||||
51,816 | Kimco Realty Corp | 531,632 | ||||
441 | Life Storage Inc | 50,340 | ||||
58,145 | Macerich Co | 404,689 | ||||
12,698 | Marcus & Millichap Inc, (2) | 396,559 | ||||
60,709 | MGM Growth Properties LLC | 1,605,753 | ||||
65,223 | Outfront Media Inc | 855,074 | ||||
6,403 | Paramount Group Inc | 37,009 | ||||
97,617 | Park Hotels & Resorts Inc | 969,337 | ||||
19,910 | Piedmont Office Realty Trust Inc | 227,372 | ||||
36,587 | PotlatchDeltic Corp | 1,520,190 | ||||
18,536 | QTS Realty Trust Inc | 1,140,149 | ||||
70,381 | Rayonier Inc | 1,786,270 | ||||
11,904 | Realogy Holdings Corp, (2) | 132,849 | ||||
25,159 | Rexford Industrial Realty Inc | 1,168,887 | ||||
35,664 | RLJ Lodging Trust | 291,731 | ||||
1,524 | RMR Group Inc | 40,630 |
Shares | Description (1) | Value | ||||
Real Estate (continued) | ||||||
73,743 | Sabra Health Care REIT Inc | $970,458 | ||||
6,752 | SITE Centers Corp | 45,981 | ||||
7,024 | SL Green Realty Corp | 300,697 | ||||
1,673 | St Joe Co | 45,238 | ||||
117,789 | Sunstone Hotel Investors Inc | 873,994 | ||||
6,420 | Tanger Factory Outlet Centers Inc | 39,740 | ||||
2,424 | Tejon Ranch Co, (2) | 33,233 | ||||
100,180 | Uniti Group Inc | 883,588 | ||||
8,192 | Washington Real Estate Investment Trust | 143,196 | ||||
61,133 | Xenia Hotels & Resorts Inc | 503,736 | ||||
Total Real Estate | 31,435,553 | |||||
Utilities – 2.2% | ||||||
25,205 | New Jersey Resources Corp | 735,482 | ||||
34,005 | NextEra Energy Partners LP | 2,135,514 | ||||
18,406 | ONE Gas Inc | 1,270,750 | ||||
20,755 | Ormat Technologies Inc | 1,470,907 | ||||
30,089 | Southwest Gas Holdings Inc | 1,977,449 | ||||
26,375 | Sunnova Energy International Inc, (2) | 634,583 | ||||
Total Utilities | 8,224,685 | |||||
Total Common Stocks (cost $337,375,031) | 369,224,793 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS ��– 0.0% | ||||||
Financials – 0.0% | ||||||
1,243 | First Eagle Private Credit LLC, (2), (4) | $ 104 | ||||
Total Common Stock Rights (cost $-) | 104 | |||||
Total Long-Term Investments (cost $337,375,031) | 369,224,897 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.7% | ||||||
MONEY MARKET FUNDS – 0.7% | ||||||
2,664,625 | State Street Navigator Securities Lending Government Money Market Portfolio, (5) | 0.090%(6) | $ 2,664,625 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $2,664,625) | 2,664,625 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (7) | Value | |
SHORT-TERM INVESTMENTS – 0.1% | ||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 0.1% | ||||||
$ 390 | Federal Agricultural Mortgage Corporation Discount Notes | 0.000% | 11/02/20 | N/R | $ 390,000 | |
Total Short-Term Investments (cost $390,000) | 390,000 | |||||
Total Investments (cost $340,429,656) – 100.7% | 372,279,522 | |||||
Other Assets Less Liabilities – (0.7)% | (2,645,551) | |||||
Net Assets – 100% | $ 369,633,971 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $2,495,671. | |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(5) | The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund. See Notes to Financial Statements, Note 4- Portfolio Securities and Investments in Derivatives for more information. | |
(6) | The rate shown is the one-day yield as of the end of the reporting period. | |
(7) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
REIT | Real Estate Investment Trust |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Assets | ||||||||
Long-term investments, at value (cost $37,498,413, $54,516,704, $15,786,693, $299,869,971, $542,459,997, $164,922,841, $114,410,770 and $337,375,031, respectively)(1) | $46,621,658 | $53,215,626 | $17,043,813 | $344,187,384 | $533,611,975 | $192,983,188 | $118,903,464 | $369,224,897 |
Investment purchased with collateral from securities lending (at cost, which approximates value) | — | — | — | — | — | — | — | 2,664,625 |
Short-term investments, at value (cost approximates value) | — | — | — | 470,000 | 610,000 | 270,000 | 180,000 | 390,000 |
Cash denominated in foreign currencies (cost $67,479, $93,348, $17,559, $1,894, $5,286, $2,663, $3,243 and $2,923, respectively) | 67,479 | 93,353 | 17,559 | 1,894 | 5,286 | 2,663 | 3,243 | 2,923 |
Receivable for: | ||||||||
Capital Gains Tax Refund | 22,126 | — | — | — | — | — | — | — |
Dividends | 35,008 | 141,807 | 20,399 | 147,831 | 1,157,917 | 40,003 | 196,540 | 70,005 |
Interest | — | — | — | — | — | — | — | 11,594 |
Investments sold | — | 5,151 | — | — | — | 3,738,841 | — | 36,758 |
Reclaims | 180 | 83,789 | 420 | 5,528 | 9,129 | — | — | — |
Shares sold | — | — | — | — | — | — | — | 25,817 |
Other Assets | 197 | — | — | — | — | — | — | — |
Total assets | 46,746,648 | 53,539,726 | 17,082,191 | 344,812,637 | 535,394,307 | 197,034,695 | 119,283,247 | 372,426,619 |
Liabilities | ||||||||
Payable for: | ||||||||
Capital gains tax | 32,413 | — | — | — | — | — | — | — |
Collateral from securities lending program | — | — | — | — | — | — | — | 2,664,625 |
Investments purchased - regular settlement | 344 | — | — | — | — | 3,749,978 | — | — |
Accrued expenses: | ||||||||
Management fees | 18,438 | 19,621 | 3,118 | 109,430 | 166,108 | 68,794 | 42,229 | 127,743 |
Professional fees | 16 | 19 | 5 | 100 | 151 | 57 | 36 | 110 |
Trustees Fees | 25 | 29 | 9 | 177 | 259 | 91 | 58 | 170 |
Total liabilities | 51,236 | 19,669 | 3,132 | 109,707 | 166,518 | 3,818,920 | 42,323 | 2,792,648 |
Net assets | $46,695,412 | $53,520,057 | $17,079,059 | $344,702,930 | $535,227,789 | $193,215,775 | $119,240,924 | $369,633,971 |
Shares outstanding | 1,600,000 | 2,200,000 | 550,000 | 6,950,000 | 18,700,000 | 4,500,000 | 4,650,000 | 12,050,000 |
Net asset value ("NAV") per share | $ 29.18 | $ 24.33 | $ 31.05 | $ 49.60 | $ 28.62 | $ 42.94 | $ 25.64 | $ 30.68 |
Net assets consist of: | ||||||||
Capital paid-in | $46,183,779 | $58,893,240 | $15,094,433 | $289,308,798 | $544,083,007 | $155,977,195 | $118,972,523 | $340,324,183 |
Total distributable earnings | 511,633 | (5,373,183) | 1,984,626 | 55,394,132 | (8,855,218) | 37,238,580 | 268,401 | 29,309,788 |
Net assets | $46,695,412 | $53,520,057 | $17,079,059 | $344,702,930 | $535,227,789 | $193,215,775 | $119,240,924 | $369,633,971 |
Authorized shares | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Par value per share | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 |
(1) | Includes securities loaned of $2,495,671 for NUSC. |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Investment Income | $ 1,117,524 | $ 1,492,187 | $ 284,369 | $ 1,629,893 | $ 8,474,111 | $ 532,817 | $ 2,133,857 | $ 3,444,901 |
Securities lending income | — | — | — | — | — | — | — | 16,345 |
Foreign tax withheld on dividend income | (131,860) | (120,514) | — | — | — | — | — | (3,091) |
Total investment income | 985,664 | 1,371,673 | 284,369 | 1,629,893 | 8,474,111 | 532,817 | 2,133,857 | 3,458,155 |
Expenses | ||||||||
Management fees | 219,982 | 212,900 | 28,250 | 766,324 | 994,086 | 442,527 | 321,286 | 999,189 |
Professional fees | 1,198 | 1,302 | 335 | 5,286 | 6,637 | 2,655 | 1,978 | 6,061 |
Trustees fees | 1,175 | 1,317 | 349 | 5,519 | 7,005 | 2,718 | 1,933 | 6,070 |
Total expenses | 222,355 | 215,519 | 28,934 | 777,129 | 1,007,728 | 447,900 | 325,197 | 1,011,320 |
Net investment income (loss) | 763,309 | 1,156,154 | 255,435 | 852,764 | 7,466,383 | 84,917 | 1,808,660 | 2,446,835 |
Realized and Unrealized Gain (Loss) | ||||||||
Net realized gain (loss) from: | ||||||||
Investments and foreign currency | (5,403,584) | (2,030,056) | 509,675 | 10,491,776 | (6,207,055) | 9,721,815 | (4,217,352) | (622,903) |
In-kind redemptions | (293,179) | 1,935,815 | 85,192 | 9,595,121 | 2,086,040 | 1,601,784 | 2,303,883 | 3,150,948 |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 8,514,368 | (5,058,657) | 671,696 | 39,445,744 | (13,711,403) | 24,595,440 | 1,901,527 | 27,550,720 |
Net realized and unrealized gain (loss) | 2,817,605 | (5,152,898) | 1,266,563 | 59,532,641 | (17,832,418) | 35,919,039 | (11,942) | 30,078,765 |
Net increase (decrease) in net assets from operations | $ 3,580,914 | $(3,996,744) | $1,521,998 | $60,385,405 | $(10,366,035) | $36,003,956 | $ 1,796,718 | $32,525,600 |
NUEM | NUDM | ||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 763,309 | $ 1,113,538 | $ 1,156,154 | $ 1,629,590 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (5,403,584) | (3,154,477) | (2,030,056) | (2,732,365) | |
In-kind redemptions | (293,179) | — | 1,935,815 | 453,307 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 8,514,368 | 5,508,424 | (5,058,657) | 8,050,579 | |
Net increase (decrease) in net assets from operations | 3,580,914 | 3,467,485 | (3,996,744) | 7,401,111 | |
Distributions to Shareholders | |||||
Dividends | (1,191,300) | (781,600) | (1,843,400) | (1,207,140) | |
Decrease in net assets from distributions to shareholders | (1,191,300) | (781,600) | (1,843,400) | (1,207,140) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 11,165,263 | 17,891,627 | 19,293,749 | 22,035,244 | |
Cost of shares redeemed | (23,113,970) | — | (26,786,180) | (4,760,320) | |
Net increase (decrease) in net assets from Fund share transactions | (11,948,707) | 17,891,627 | (7,492,431) | 17,274,924 | |
Net increase (decrease) in net assets | (9,559,093) | 20,577,512 | (13,332,575) | 23,468,895 | |
Net assets at the beginning of period | 56,254,505 | 35,676,993 | 66,852,632 | 43,383,737 | |
Net assets at the end of period | $ 46,695,412 | $56,254,505 | $ 53,520,057 | $66,852,632 |
NULC | NULG | ||||
Year Ended 10/31/20 | For the period 6/3/19 (commencement of operations) through 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 255,435 | $ 46,218 | $ 852,764 | $ 518,869 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 509,675 | 6,148 | 10,491,776 | 520,420 | |
In-kind redemptions | 85,192 | 232,511 | 9,595,121 | 8,035,976 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 671,696 | 585,424 | 39,445,744 | 2,621,173 | |
Net increase (decrease) in net assets from operations | 1,521,998 | 870,301 | 60,385,405 | 11,696,438 | |
Distributions to Shareholders | |||||
Dividends | (91,800) | — | (1,371,300) | (2,078,290) | |
Decrease in net assets from distributions to shareholders | (91,800) | — | (1,371,300) | (2,078,290) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 13,875,505 | 11,510,375 | 240,116,860 | 57,491,685 | |
Cost of shares redeemed | (6,630,100) | (3,977,220) | (38,217,265) | (42,532,205) | |
Net increase (decrease) in net assets from Fund share transactions | 7,245,405 | 7,533,155 | 201,899,595 | 14,959,480 | |
Net increase (decrease) in net assets | 8,675,603 | 8,403,456 | 260,913,700 | 24,577,628 | |
Net assets at the beginning of period | 8,403,456 | — | 83,789,230 | 59,211,602 | |
Net assets at the end of period | $17,079,059 | $ 8,403,456 | $344,702,930 | $ 83,789,230 |
NULV | NUMG | ||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 7,466,383 | $ 1,578,380 | $ 84,917 | $ 100,000 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (6,207,055) | (717,879) | 9,721,815 | (615,383) | |
In-kind redemptions | 2,086,040 | 2,065,646 | 1,601,784 | 5,884,898 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (13,711,403) | 5,052,201 | 24,595,440 | 3,659,213 | |
Net increase (decrease) in net assets from operations | (10,366,035) | 7,978,348 | 36,003,956 | 9,028,728 | |
Distributions to Shareholders | |||||
Dividends | (1,925,600) | (1,852,310) | (158,565) | (2,222,550) | |
Decrease in net assets from distributions to shareholders | (1,925,600) | (1,852,310) | (158,565) | (2,222,550) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 466,973,250 | 64,336,100 | 114,305,485 | 26,478,635 | |
Cost of shares redeemed | (14,023,180) | (21,887,605) | (10,156,730) | (29,451,580) | |
Net increase (decrease) in net assets from Fund share transactions | 452,950,070 | 42,448,495 | 104,148,755 | (2,972,945) | |
Net increase (decrease) in net assets | 440,658,435 | 48,574,533 | 139,994,146 | 3,833,233 | |
Net assets at the beginning of period | 94,569,354 | 45,994,821 | 53,221,629 | 49,388,396 | |
Net assets at the end of period | $535,227,789 | $ 94,569,354 | $193,215,775 | $ 53,221,629 |
NUMV | NUSC | ||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 1,808,660 | $ 1,220,313 | $ 2,446,835 | $ 1,339,535 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (4,217,352) | (1,668,847) | (622,903) | (3,851,333) | |
In-kind redemptions | 2,303,883 | 2,972,359 | 3,150,948 | 4,301,196 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 1,901,527 | 3,943,286 | 27,550,720 | 7,566,647 | |
Net increase (decrease) in net assets from operations | 1,796,718 | 6,467,111 | 32,525,600 | 9,356,045 | |
Distributions to Shareholders | |||||
Dividends | (1,230,460) | (1,671,950) | (1,786,255) | (2,978,020) | |
Decrease in net assets from distributions to shareholders | (1,230,460) | (1,671,950) | (1,786,255) | (2,978,020) | |
Fund Share Transactions | |||||
Proceeds from shares sold | 79,612,400 | 23,919,765 | 179,693,885 | 107,483,270 | |
Cost of shares redeemed | (15,510,375) | (21,460,765) | (8,314,620) | (26,792,655) | |
Net increase (decrease) in net assets from Fund share transactions | 64,102,025 | 2,459,000 | 171,379,265 | 80,690,615 | |
Net increase (decrease) in net assets | 64,668,283 | 7,254,161 | 202,118,610 | 87,068,640 | |
Net assets at the beginning of period | 54,572,641 | 47,318,480 | 167,515,361 | 80,446,721 | |
Net assets at the end of period | $119,240,924 | $ 54,572,641 | $369,633,971 | $167,515,361 |
Investment Operations | Less Distributions | |||||||||
Year Ended October 31, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | Ending Market Price | |
NUEM | ||||||||||
2020 | $25.57 | $0.40 | $ 3.75 | $ 4.15 | $(0.54) | $ — | $(0.54) | $29.18 | $29.37 | |
2019 | 23.78 | 0.58 | 1.70 | 2.28 | (0.49) | — | (0.49) | 25.57 | 25.71 | |
2018 | 27.69 | 0.59 | (4.31) | (3.72) | (0.18) | (0.01) | (0.19) | 23.78 | 23.92 | |
2017(d) | 24.95 | 0.20 | 2.54 | 2.74 | — | — | — | 27.69 | 28.05 | |
NUDM | ||||||||||
2020 | 26.74 | 0.54 | (2.03) | (1.49) | (0.92) | — | (0.92) | 24.33 | 24.50 | |
2019 | 24.10 | 0.75 | 2.44 | 3.19 | (0.55) | — | (0.55) | 26.74 | 26.86 | |
2018 | 26.39 | 0.71 | (2.87) | (2.16) | (0.12) | (0.01) | (0.13) | 24.10 | 24.12 | |
2017(d) | 24.88 | 0.17 | 1.34 | 1.51 | — | — | — | 26.39 | 26.57 | |
NULC | ||||||||||
2020 | 28.01 | 0.53 | 2.74 | 3.27 | (0.21) | (0.02) | (0.23) | 31.05 | 30.95 | |
2019(e) | 24.96 | 0.19 | 2.86 | 3.05 | — | — | — | 28.01 | 27.99 | |
NULG | ||||||||||
2020 | 38.97 | 0.18 | 10.91 | 11.09 | (0.20) | (0.26) | (0.46) | 49.60 | 49.54 | |
2019 | 33.84 | 0.29 | 5.96 | 6.25 | (0.24) | (0.88) | (1.12) | 38.97 | 39.00 | |
2018 | 30.47 | 0.25 | 3.31 | 3.56 | (0.09) | (0.10) | (0.19) | 33.84 | 33.87 | |
2017(f) | 25.21 | 0.24 | 5.02 | 5.26 | — | — | — | 30.47 | 30.53 | |
NULV | ||||||||||
2020 | 31.52 | 0.77 | (3.19) | (2.42) | (0.48) | — | (0.48) | 28.62 | 28.65 | |
2019 | 28.75 | 0.74 | 3.00 | 3.74 | (0.57) | (0.40) | (0.97) | 31.52 | 31.52 | |
2018 | 27.83 | 0.71 | 0.56 | 1.27 | (0.27) | (0.08) | (0.35) | 28.75 | 28.80 | |
2017(f) | 25.09 | 0.53 | 2.21 | 2.74 | — | — | — | 27.83 | 27.88 | |
NUMG | ||||||||||
2020 | 33.26 | 0.03 | 9.75 | 9.78 | (0.10) | — | (0.10) | 42.94 | 42.83 | |
2019 | 29.93 | 0.06 | 4.62 | 4.68 | (0.06) | (1.29) | (1.35) | 33.26 | 33.32 | |
2018 | 28.44 | 0.07 | 1.58 | 1.65 | (0.04) | (0.12) | (0.16) | 29.93 | 30.12 | |
2017(f) | 25.10 | 0.09 | 3.25 | 3.34 | — | — | — | 28.44 | 28.46 | |
NUMV | ||||||||||
2020 | 29.50 | 0.57 | (3.71) | (3.14) | (0.72) | — | (0.72) | 25.64 | 25.67 | |
2019 | 27.04 | 0.64 | 2.78 | 3.42 | (0.62) | (0.34) | (0.96) | 29.50 | 29.57 | |
2018 | 27.00 | 0.65 | (0.38) | 0.27 | (0.19) | (0.04) | (0.23) | 27.04 | 27.09 | |
2017(f) | 25.04 | 0.48 | 1.48 | 1.96 | — | — | — | 27.00 | 27.01 | |
NUSC | ||||||||||
2020 | 29.65 | 0.28 | 1.03 | 1.31 | (0.28) | — | (0.28) | 30.68 | 30.74 | |
2019 | 28.23 | 0.34 | 2.06 | 2.40 | (0.27) | (0.71) | (0.98) | 29.65 | 29.70 | |
2018 | 27.84 | 0.35 | 0.30 | 0.65 | (0.18) | (0.08) | (0.26) | 28.23 | 28.27 | |
2017(f) | 25.01 | 0.27 | 2.56 | 2.83 | — | — | — | 27.84 | 27.89 |
Ratios/Supplemental Data | |||||
Total Return | Ratios to Average Net Assets | ||||
Based on NAV(b) | Based on Market Price(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(c) |
16.41% | 16.47% | $ 46,695 | 0.45% | 1.56% | 81% |
9.68 | 9.70 | 56,255 | 0.45 | 2.30 | 53 |
(13.55) | (14.18) | 35,676 | 0.45 | 2.12 | 65 |
11.03 | 12.42 | 24,917 | 0.45* | 1.86* | 13 |
(5.91) | (5.67) | 53,520 | 0.40 | 2.17 | 66 |
13.71 | 14.10 | 66,853 | 0.40 | 3.03 | 57 |
(8.25) | (8.79) | 43,384 | 0.40 | 2.71 | 56 |
6.07 | 6.78 | 23,755 | 0.40* | 1.65* | 9 |
11.71 | 11.43 | 17,079 | 0.20 | 1.81 | 61 |
12.22 | 12.14 | 8,403 | 0.20* | 1.75* | 9 |
28.66 | 28.42 | 344,703 | 0.35 | 0.39 | 86 |
19.57 | 19.53 | 83,789 | 0.35 | 0.82 | 61 |
11.70 | 11.61 | 59,212 | 0.35 | 0.73 | 65 |
20.88 | 21.10 | 24,380 | 0.35* | 0.98* | 30 |
(7.87) | (7.78) | 535,228 | 0.35 | 2.63 | 38 |
13.80 | 13.59 | 94,569 | 0.35 | 2.51 | 66 |
4.57 | 4.56 | 45,995 | 0.35 | 2.46 | 59 |
10.90 | 11.11 | 27,828 | 0.35* | 2.30* | 33 |
29.43 | 28.90 | 193,216 | 0.40 | 0.08 | 94 |
16.93 | 16.41 | 53,222 | 0.40 | 0.19 | 67 |
5.84 | 6.41 | 49,388 | 0.40 | 0.23 | 60 |
13.30 | 13.38 | 21,330 | 0.40* | 0.38* | 53 |
(10.98) | (11.11) | 119,241 | 0.40 | 2.25 | 72 |
13.51 | 13.57 | 54,573 | 0.40 | 2.31 | 70 |
0.97 | 1.13 | 47,318 | 0.40 | 2.30 | 69 |
7.82 | 7.86 | 22,951 | 0.40* | 2.12* | 46 |
4.40 | 4.44 | 369,634 | 0.40 | 0.98 | 54 |
9.24 | 9.26 | 167,515 | 0.40 | 1.17 | 32 |
2.32 | 2.30 | 80,447 | 0.40 | 1.17 | 54 |
11.34 | 11.54 | 30,629 | 0.40* | 1.17* | 36 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total Return Based on NAV reflects the change in NAV over the period, including the assumed reinvestment of distributions, if any, at NAV on each ex-dividend payment date during the period. Total Return Based on Market Price reflects the change in the market price per share over the period, including the assumed reinvestment of distributions, if any, at the ending market price per share on each ex-dividend payment date during the period. Total returns are not annualized. |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 - Investment Transactions) divided by the average long-term market value during the period. Portfolio Turnover Rate excludes securities received or delivered as a result of processing in-kind creations or redemptions of Fund shares (as disclosed in Note 4 - Fund Shares). |
(d) | For the period June 6, 2017 (commencement of operations) through October 31, 2017. |
(e) | For the period June 3, 2019 (commencement of operations) through October 31, 2019. |
(f) | For the period December 13, 2016 (commencement of operations) through October 31, 2017. |
* | Annualized. |
NUEM | Value | % of Net Assets |
Country: | ||
China | $19,502,607 | 41.8% |
Taiwan | 6,360,766 | 13.6 |
Korea, Republic Of | 5,014,628 | 10.7 |
India | 3,106,896 | 6.7 |
Brazil | 1,781,071 | 3.8 |
South Africa | 1,511,230 | 3.2 |
Saudi Arabia | 1,355,052 | 2.9 |
Malaysia | 860,678 | 1.9 |
Thailand | 826,545 | 1.8 |
Mexico | 727,705 | 1.6 |
Other | 5,574,480 | 11.8 |
Total non-U.S. securities | $46,621,658 | 99.8% |
NUDM | Value | % of Net Assets |
Country: | ||
Japan | $13,775,071 | 25.7% |
United Kingdom | 7,926,344 | 14.8 |
Switzerland | 5,551,392 | 10.4 |
Germany | 4,990,963 | 9.3 |
France | 4,904,849 | 9.2 |
Australia | 3,689,943 | 6.9 |
Netherlands | 1,659,668 | 3.1 |
Sweden | 1,566,098 | 2.9 |
Denmark | 1,511,777 | 2.8 |
Spain | 1,109,005 | 2.1 |
Other | 6,530,516 | 12.2 |
Total non-U.S. securities | $53,215,626 | 99.4% |
NUEM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $45,862,561 | $758,454** | $ 643*** | $46,621,658 |
Common Stock Rights | — | — | —**** | — |
Total | $45,862,561 | $758,454 | $ 643 | $46,621,658 |
NUDM | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $53,209,805 | $ — | $5,821*** | $53,215,626 |
NULC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $17,043,813 | $ — | $ — | $17,043,813 |
NULG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $344,187,384 | $ — | $ — | $344,187,384 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 470,000 | — | 470,000 |
Total | $344,187,384 | $470,000 | $ — | $344,657,384 |
NULV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $533,611,975 | $ — | $ — | $533,611,975 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 610,000 | — | 610,000 |
Total | $533,611,975 | $610,000 | $ — | $534,221,975 |
NUMG | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $192,983,188 | $ — | $ — | $192,983,188 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 270,000 | — | 270,000 |
Total | $192,983,188 | $270,000 | $ — | $193,253,188 |
NUMV | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $118,903,464 | $ — | $ — | $118,903,464 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 180,000 | — | 180,000 |
Total | $118,903,464 | $180,000 | $ — | $119,083,464 |
NUSC | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $369,204,470 | $ — | $20,323*** | $369,224,793 |
Common Stock Rights | — | — | 104*** | 104 |
Investments Purchased with Collateral from Securities Lending | 2,664,625 | — | — | 2,664,625 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 390,000 | — | 390,000 |
Total | $371,869,095 | $390,000 | $20,427 | $372,279,522 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 2. |
*** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
**** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. Value equals zero as of the end of the reporting period. |
Fund | Asset Class out on Loan | Long-Term Investments, at Value | Total Collateral Received |
NUSC | Common Stocks | $2,495,671 | $2,664,625 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Purchases | $38,560,343 | $34,723,907 | $8,822,114 | $188,462,887 | $112,493,727 | $104,384,340 | $59,382,108 | $140,600,857 |
Sales | 48,235,097 | 35,925,837 | 8,640,524 | 188,229,300 | 106,018,332 | 104,421,612 | 58,475,837 | 135,336,837 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
In-kind purchases | $2,638,454 | $18,436,159 | $13,848,899 | $238,911,683 | $464,669,458 | $114,070,852 | $79,105,746 | $175,939,804 |
In-kind sales | 5,450,239 | 25,590,058 | 6,631,738 | 38,088,961 | 13,967,327 | 10,137,803 | 15,468,510 | 8,279,957 |
NUEM | NUDM | ||||||||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 500,000 | $ 11,165,263 | 700,000 | $17,891,627 | 800,000 | $ 19,293,749 | 900,000 | $22,035,244 | |||
Shares redeemed | (1,100,000) | (23,113,970) | — | — | (1,100,000) | (26,786,180) | (200,000) | (4,760,320) | |||
Net increase (decrease) | (600,000) | $(11,948,707) | 700,000 | $17,891,627 | (300,000) | $ (7,492,431) | 700,000 | $17,274,924 |
NULC | NULG | ||||||||||
Year Ended 10/31/20 | For the period 6/3/19 (commencement of operations) through 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 500,000 | $13,875,505 | 450,002 | $11,510,375 | 5,650,000 | $240,116,860 | 1,550,000 | $ 57,491,685 | |||
Shares redeemed | (250,000) | (6,630,100) | (150,002) | (3,977,220) | (850,000) | (38,217,265) | (1,150,000) | (42,532,205) | |||
Net increase (decrease) | 250,000 | $ 7,245,405 | 300,000 | $ 7,533,155 | 4,800,000 | $201,899,595 | 400,000 | $ 14,959,480 |
NULV | NUMG | ||||||||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 16,200,000 | $466,973,250 | 2,150,000 | $ 64,336,100 | 3,200,000 | $114,305,485 | 850,000 | $ 26,478,635 | |||
Shares redeemed | (500,000) | (14,023,180) | (750,000) | (21,887,605) | (300,000) | (10,156,730) | (900,000) | (29,451,580) | |||
Net increase (decrease) | 15,700,000 | $452,950,070 | 1,400,000 | $ 42,448,495 | 2,900,000 | $104,148,755 | (50,000) | $ (2,972,945) |
NUMV | NUSC | ||||||||||
Year Ended 10/31/20 | Year Ended 10/31/19 | Year Ended 10/31/20 | Year Ended 10/31/19 | ||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | ||||
Shares sold | 3,350,000 | $ 79,612,400 | 850,000 | $ 23,919,765 | 6,700,000 | $179,693,885 | 3,750,000 | $107,483,270 | |||
Shares redeemed | (550,000) | (15,510,375) | (750,000) | (21,460,765) | (300,000) | (8,314,620) | (950,000) | (26,792,655) | |||
Net increase (decrease) | 2,800,000 | $ 64,102,025 | 100,000 | $ 2,459,000 | 6,400,000 | $171,379,265 | 2,800,000 | $ 80,690,615 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Tax cost of investments | $39,245,079 | $54,830,424 | $15,793,382 | $300,421,717 | $544,035,955 | $165,286,836 | $114,963,937 | $341,134,481 |
Gross unrealized: | ||||||||
Appreciation | $11,978,877 | $ 4,954,436 | $ 1,870,949 | $ 49,480,143 | $ 25,947,592 | $ 32,144,633 | $ 10,527,240 | $ 57,794,491 |
Depreciation | (4,602,298) | (6,569,234) | (620,518) | (5,244,476) | (35,761,572) | (4,178,281) | (6,407,713) | (26,649,450) |
Net unrealized appreciation (depreciation) of investments | $ 7,376,579 | $ (1,614,798) | $ 1,250,431 | $ 44,235,667 | $ (9,813,980) | $ 27,966,352 | $ 4,119,527 | $ 31,145,041 |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
Undistributed net ordinary income1 | $651,107 | $1,022,566 | $723,010 | $10,578,653 | $6,756,817 | $7,417,156 | $1,462,023 | $1,413,997 |
Undistributed net long-term capital gains | — | — | 11,185 | 579,812 | — | 1,855,072 | — | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest and net short-term capital gains, if any. |
2020 | NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC |
Distributions from net ordinary income1 | $1,191,300 | $1,843,400 | $91,799 | $586,800 | $1,925,600 | $158,565 | $1,230,460 | $1,786,255 |
Distributions from net long-term capital gains2 | — | — | 1 | 784,500 | — | — | — | — |
2019 | NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC |
Distributions from net ordinary income1 | $781,600 | $1,207,140 | $ — | $2,009,424 | $1,759,621 | $1,876,412 | $1,564,746 | $2,491,947 |
Distributions from net long-term capital gains | — | — | — | 68,866 | 92,689 | 346,138 | 107,204 | 486,073 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest and net short-term capital gains, if any. |
2 | The Funds hereby designate as long-term capital gain dividend, pursuant to the Internal Revenue Code 852(b)(3), the amount necessary to reduce earnings and profits of the Funds related to net capital gain to zero for the tax year ended October 31, 2020. |
NUEM | NUDM | NULV | NUMV | NUSC | |
Not subject to expiration: | |||||
Short-term | $3,957,661 | $1,441,018 | $3,730,030 | $3,145,654 | $1,797,501 |
Long-term | 3,525,154 | 3,346,073 | 2,068,025 | 2,167,495 | 1,451,749 |
Total | $7,482,815 | $4,787,091 | $5,798,055 | $5,313,149 | $3,249,250 |
Fund | Management Fee |
NUEM | 0.45% |
NUDM | 0.40 |
NULC | 0.20 |
NULG | 0.35 |
NULV | 0.35 |
NUMG | 0.40 |
NUMV | 0.40 |
NUSC | 0.40 |
Cross-Trades | NULC | NULG | NULV | NUMG | NUMV | NUSC |
Purchases | $1,418,755 | $24,825,482 | $14,139,076 | $12,144,518 | $8,816,159 | $ 817,445 |
Sales | 736,249 | 35,496,190 | 15,598,861 | 22,345,651 | 3,390,609 | 1,197,204 |
NULC | |
TIAA owned shares | 35% |
NUEM | NUDM | ||||
Year Ended October 31, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | |
Premium/Discount Range: | |||||
Greater than 3.00% | 2 | 0.8% | 1 | 0.4% | |
1.01% to 3.00% | 42 | 16.7% | 37 | 14.7% | |
0.51% to 1.00% | 58 | 23.0% | 102 | 40.5% | |
0.26% to 0.50% | 33 | 13.1% | 40 | 15.9% | |
0.00 to 0.25% | 22 | 8.7% | 29 | 11.5% | |
(0.01)% to (0.25)% | 25 | 9.9% | 15 | 5.9% | |
(0.26)% to (0.50)% | 23 | 9.1% | 6 | 2.4% | |
(0.51)% to (1.00)% | 26 | 10.3% | 10 | 4.0% | |
(1.01)% to (3.00)% | 18 | 7.2% | 12 | 4.7% | |
Less than (3.00)% | 3 | 1.2% | – | – | |
252 | 100% | 252 | 100% |
NULC | NULG | NULV | ||||||||
Year Ended October 31, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | Number of Days | % of Total Days | ||||
Premium/Discount Range: | ||||||||||
1.01% to 3.00% | – | – | 1 | 0.4% | – | – | ||||
0.26% to 0.50% | – | – | – | – | 2 | 0.8% | ||||
0.00% to 0.25% | 84 | 33.3% | 214 | 84.9% | 232 | 92.1% | ||||
(0.01)% to (0.25)% | 168 | 66.7% | 36 | 14.3% | 18 | 7.1% | ||||
(0.26)% to (0.50)% | – | – | 1 | 0.4% | – | – | ||||
252 | 100% | 252 | 100% | 252 | 100% |
NUMG | NUMV | NUSC | ||||||||
Year Ended October 31, 2020 | Number of Days | % of Total Days | Number of Days | % of Total Days | Number of Days | % of Total Days | ||||
Premium/Discount Range: | ||||||||||
Greater than 3.00% | 1 | 0.4% | – | – | – | – | ||||
1.01% to 3.00% | – | – | 1 | 0.4% | 1 | 0.4% | ||||
0.26% to 0.50% | – | – | – | – | 2 | 0.8% | ||||
0.00% to 0.25% | 231 | 91.7% | 237 | 94.0% | 226 | 89.7% | ||||
(0.01)% to (0.25)% | 20 | 7.9% | 14 | 5.6% | 23 | 9.1% | ||||
252 | 100% | 252 | 100% | 252 | 100% |
NUEM | NUDM | NULC | NULG | NULV | NUMG | NUMV | NUSC | |
% of QDI | 53.9% | 87.9% | 80.1% | 100.0% | 100.0% | 100.0% | 82.7% | 77.2% |
% of DRD | 0.0% | 0.0% | 81.3% | 100.0% | 96.9% | 100.0% | 78.8% | 76.2% |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to enhance the shareholder outcomes through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new share classes; reviewing and updating investment policies and benchmarks; closing funds to new investments; rebranding the exchange-traded fund (“ETF”) product line; and integrating certain investment teams and changing the portfolio managers serving various funds; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Liquidity Management – implementing the liquidity risk management program which was designed to assess and manage the liquidity risk of the Nuveen funds. The Board noted that this program was particularly helpful in addressing the high volatility and liquidity challenges that arose in the market, particularly for the high yield municipal sector, during the first half of 2020; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, strengthen key compliance program elements and support international business growth and other objectives through, among other things, integrating various investment teams across affiliates, consolidating marketing review functions, enhancing compliance related technologies and establishing and maintaining shared broad-based compliance policies throughout the organization and its affiliates; |
• | Risk Management and Valuation Services – continuing efforts to provide Nuveen with a more disciplined and consistent approach to identifying and mitigating the firm’s operational risks through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates and adopting a risk operational framework across the complex; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• | Government Relations – continuing efforts of various Nuveen teams and affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• | Business Continuity, Disaster Recovery and Information Services – continuing to periodically test business continuity and disaster recovery plans, maintain an information security program designed to identify and manage information security risks, and provide reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, potential impact of new or revised laws and regulations, incident tracking and other relevant information technology risk-related reports; and |
• | Expanded Dividend Management Services – continuing to manage the dividends among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and investing resources to develop systems to assist in the process for newer products such as target term funds and ETFs. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Independent Trustees: | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chairman and Trustee | 2008 | Formerly, a Co-Founding Partner, Promus Capital (2008-2017); Director, Quality Control Corporation (manufacturing) (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (information technology services firm to government entities) (2010-2019); formerly, Director, Legal & General Investment Management America, Inc. (asset management) (2008-2013); formerly, CEO and President, Northern Trust Global Investments (financial services) (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (financial services) (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 150 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, (private philanthropic corporation); Director and Chairman, United Fire Group, a publicly held company; Director, Public member, American Board of Orthopaedic Surgery (since 2015); Life Trustee of Coe College and the Iowa College Foundation; formerly, President Pro-Tem of the Board of Regents for the State of Iowa University System; formerly, Director, Alliant Energy and The Gazette Company (media and publishing); formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., (regional financial services firm). | 150 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 150 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc. (telecommunication services), including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996) and Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics). | 150 |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2013 | Member of Board of Directors of Core12 LLC. (private firm which develops branding, marketing and communications strategies for clients) (since 2008); served The President's Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | 150 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1997 | Board Member, Land Trust Alliance (national public charity addressing natural land and water conservation in the U.S.) (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (national endowment addressing forest health, sustainable forest production and markets, and economic health of forest-reliant communities in the U.S.) (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation (private foundation endowed to support both natural land conservation and artistic vitality); prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994). | 150 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); former Director, Cboe Global Markets, Inc., formerly, CBOE Holdings, Inc. (2010-May 2020); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 150 |
Matthew Thornton III 1958 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2020 | Formerly, Executive Vice President and Chief Operating Officer (2018-2019), FedEx Freight Corporation, a subsidiary of FedEx Corporation ("FedEx") (provider of transportation, e-commerce and business services through its portfolio of companies); formerly, Senior Vice President, U.S. Operations (2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a non-profit organization dedicated to preventing childhood injuries). Member of the Board of Directors (since 2014), The Sherwin-Williams Company (develops, manufactures, distributes and sells paints, coatings and related products); Director (since November 2020), Crown Castle International Corp. (owns, operates and leases cell towers and fiber routes supporting small cells and fiber solutions). | 150 |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (legal services, Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 150 |
Robert L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (financial services) (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (financial services) (formerly, One Group Dealer Services, Inc.) (1999-2017). | 150 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Jordan M. Farris 1980 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2019 | Managing Director (since 2017), formerly Vice President (2016-2017), Head of Product Management and Development, ETFs, Nuveen Securities, LLC; Director, Guggenheim Funds Distributors (2013-2016). | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Assistant Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors (since 2017); Vice President and Associate General Counsel of Nuveen (since 2013) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management (since 2018). |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Diana R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Secretary | 2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2017); Associate General Counsel of Jackson National Asset Management (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Tina M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (from 2013-2019). | |
Kevin J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Fund Advisors, LLC, formerly, Co-General Counsel (2011-2020), Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) of Nuveen Asset Management, LLC, formerly, Associate General Counsel (2011-2020), Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-2017); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Symphony Asset Management, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | |
Deann D. Morgan 1969 730 Third Avenue New York, NY 10017 | Vice President | 2020 | President, Nuveen Fund Advisors, LLC (since November 2020); Executive Vice President, Global Head of Product at Nuveen (since 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since March 2020); Managing Member MDR Collaboratory LLC (since 2018); Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Christopher M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2008 | Managing Director (since 2017) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2017), formerly, Senior Vice President (2016-2017), General Counsel (since 2020), formerly, Co-General Counsel (2019-2020) and Assistant Secretary (since 2016) of Nuveen Fund Advisors, LLC; Managing Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Managing Director (since 2017), formerly, Senior Vice President (2012-2017) and Associate General Counsel (sdince 2016), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
William A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen. | |
E. Scott Wickerham 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President and Controller | 2019 | Senior Managing Director, Head of Fund Administration at Nuveen, LLC (since 2019), formerly, Managing Director; Senior Managing Director (since 2019), Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the Treasurer (since 2017) to the CREF Accounts; Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. | |
Mark L. Winget 1968 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Secretary | 2008 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund Advisors, LLC (since 2009); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General Counsel (since 2016), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Chief Compliance Officer | 1988 | Formerly: Managing Director (2002-2020) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (2002-2020), Assistant Secretary (1997-2020) and Co-General Counsel (2011-2020) of Nuveen Fund Advisors, LLC; Managing Director (2004-2020) and Assistant Secretary (1994-2020) of Nuveen Investments, Inc.; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (2011-2020); Vice President (2017-2020) Managing Director (2003-2017) and Assistant Secretary (2003-2020) of Symphony Asset Management LLC; Vice President and Assistant Secretary of NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC (2006-2020) and of Winslow Capital Management, LLC (2010-2020); Chartered Financial Analyst. |
Serving Investors for Generations
ITEM 2. | CODE OF ETHICS. |
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans and William C. Hunter, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Currently, Ms. Stone is on the Board of Directors of CBOE Holdings, Inc., of the Chicago Board Options Exchange, and of C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee has involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Hunter was formerly a Senior Vice President at the Federal Reserve Bank of Chicago. As part of his role as Senior Vice President, Mr. Hunter was the senior officer responsible for all operations of each of the Economic Research, Statistics, and Community and Consumer Affairs units at the Federal Reserve Bank of Chicago. In such capacity, Mr. Hunter oversaw the subunits of the Statistics and Community and Consumer Affairs divisions responsible for the analysis and evaluation of bank and bank holding company financial statements and financial filings. Prior to serving as Senior Vice President at the Federal Reserve Bank of Chicago, Mr. Hunter was the Vice President of the Financial Markets unit at the Federal Reserve Bank of Atlanta where he supervised financial staff and bank holding company analysts who analyzed and evaluated bank and bank holding company financial statements. Mr. Hunter also currently serves on the Boards of Directors of Xerox Corporation and Wellmark, Inc. as well as on the Audit Committees of such Boards. As an Audit Committee member, Mr. Hunter’s responsibilities include, among other things, reviewing financial statements, internal audits and internal controls over financial reporting. Mr. Hunter also formerly was a Professor of Finance at the University of Connecticut School of Business and has authored numerous scholarly articles on the topics of finance, accounting and economics.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
The following tables show the amount of fees that KPMG LLP, the Funds’ auditor, billed to the Funds’ during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that KPMG LLP provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The preapproval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
Fiscal Year Ended October 31, 2020 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 18,710 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Emerging Markets Equity ETF | 18,710 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Large-Cap ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Large-Cap Growth ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Large-Cap Value ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Mid-Cap Growth ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Mid-Cap Value ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Small-Cap ETF | 16,230 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 134,800 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Large-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Large-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Large-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Mid-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Mid-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Small-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Fiscal Year Ended October 31, 2019 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Emerging Markets Equity ETF | 18,350 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Large-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Large-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Mid-Cap Growth ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Mid-Cap Value ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
Nuveen ESG Small-Cap ETF | 15,920 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 116,300 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Large-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Large-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Mid-Cap Growth ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Mid-Cap Value ETF | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen ESG Small-Cap ETF | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2020 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nushares ETF Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % | |||||||
Fiscal Year Ended October 31, 2019 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nushares ETF Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2020 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | |||||||||
Fund Name | ||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap Growth ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap Value ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Mid-Cap Growth ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Mid-Cap Value ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Small-Cap ETF | 0 | 0 | 0 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Fiscal Year Ended October 31, 2019 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | |||||||||
Fund Name | ||||||||||||
Nuveen ESG International Developed Markets Equity ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Emerging Markets Equity ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap Growth ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Large-Cap Value ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Mid-Cap Growth ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Mid-Cap Value ETF | 0 | 0 | 0 | |||||||||
Nuveen ESG Small-Cap ETF | 0 | 0 | 0 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit and non-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934 (the “Exchange Act”). The registrant’s Board has a separately designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78c(a)(58)(A)). As of the end of the period covered by this report, the members of the audit committee are Jack B. Evans, William C. Hunter, John K. Nelson, Judith M. Stockdale and Carole E. Stone, Chair.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
a) | See Portfolio of Investments in Item 1. |
b) | Not applicable. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable to this registrant.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 13. | EXHIBITS. |
File the exhibits listed below as part of this Form.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nushares ETF Trust
By (Signature and Title) | /s/ Diana R. Gonzalez | |
Diana R. Gonzalez | ||
Vice President and Secretary |
Date: January 7, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Jordan M. Farris | |
Jordan M. Farris | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: January 7, 2021
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: January 7, 2021