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: 811-23282
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PFM Multi-manager series trust
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(Exact name of registrant as specified in charter)
213 Market Street, Harrisburg, Pennsylvania 17101-2141
______________________________________________________________________________
(Address of principal executive offices) (zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(Name and address of agent for service)
Copy to:
Jonathan Kopcsik, Esq.
Stradley Ronon Stevens & Young LLP
2005 Market Street, Suite 2600
Philadelphia, Pennsylvania, 19103-7018
Registrant's telephone number, including area code: (883) 736-6678
Date of fiscal year end: September 30
Date of reporting period: September 30, 2018
Item 1. Reports to Stockholders.
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call 1-833-736-6678 or visit us online at www.pfm.com/multiassetfunds
PFM Asset Management LLC
November 29, 2018
| | | Fund Assets Managed | | | |||||||||||
Investment Sub-Adviser | | | (%) | | | ($ Million) | | | Investment Strategy | | ||||||
Champlain Investment Partners LLC | | | | | 4.0 | | | | | | 24.0 | | | | Active U.S. Mid-Cap | |
Nuance Investments, LLC | | | | | 9.3 | | | | | | 55.2 | | | | Active U.S. All-Cap | |
SSGA Funds Management, Inc. | | | | | 77.2 | | | | | | 459.6 | | | | Index Replication | |
Vaughan Nelson Investment Management, L.P | | | | | 9.5 | | | | | | 56.6 | | | | Active U.S. All-Cap | |
Sector Diversification | | | % | | |||
Communication Services | | | | | 1.9 | | |
Consumer Discretionary | | | | | 11.0 | | |
Consumer Staples | | | | | 6.4 | | |
Energy | | | | | 5.1 | | |
Financials | | | | | 14.6 | | |
Health Care | | | | | 15.3 | | |
Industrials | | | | | 11.1 | | |
Information Technology | | | | | 22.7 | | |
Materials | | | | | 3.5 | | |
Real Estate | | | | | 3.3 | | |
Utilities | | | | | 2.4 | | |
Cash Equivalents and Other | | | | | 2.7 | | |
Initial Investment of $10,000
| | Total Returns | | ||||||||||
Performance as of 9/30/2018 | | | Three Month | | | Since Inception(1) | | ||||||
PFM Multi-Manager Domestic Equity Fund | | | | | 6.75% | | | | | | 7.60% | | |
Russell 3000 Index(2) | | | | | 7.12% | | | | | | 10.57% | | |
| | | Fund Assets Managed | | | |||||||||||
Investment Sub-Adviser | | | (%) | | | ($ Million) | | | Investment Strategy | | ||||||
Aristotle Capital Management, LLC | | | | | 10.5 | | | | | | 33.0 | | | | Active International Developed Markets | |
JO Hambro Capital Management | | | | | 14.9 | | | | | | 46.9 | | | | Active International Small-Cap | |
Lazard Asset Management LLC | | | | | 30.0 | | | | | | 94.4 | | | | Active Total International Markets | |
SSGA Funds Management, Inc. | | | | | 44.6 | | | | | | 140.0 | | | | Index Replication | |
Region Diversification | | | % | | |||
Europe & Middle East ex-UK | | | | | 35.8 | | |
UK | | | | | 12.4 | | |
Pacific ex-Japan | | | | | 7.2 | | |
Japan | | | | | 16.0 | | |
North America | | | | | 6.6 | | |
EM Europe, Middle East & Africa | | | | | 2.6 | | |
EM Asia | | | | | 12.3 | | |
EM Latin America | | | | | 2.1 | | |
Cash Equivalents and Other | | | | | 5.0 | | |
Sector Diversification | | | % | | |||
Communication Services | | | | | 8.7 | | |
Consumer Discretionary | | | | | 12.7 | | |
Consumer Staples | | | | | 19.4 | | |
Diversified | | | | | 0.3 | | |
Energy | | | | | 6.0 | | |
Financials | | | | | 20.0 | | |
Industrials | | | | | 13.6 | | |
Information Technology | | | | | 6.1 | | |
Materials | | | | | 6.4 | | |
Utilities | | | | | 1.8 | | |
Cash Equivalents and Other | | | | | 5.0 | | |
Initial Investment of $10,000
| | Total Returns | | ||||||||||
Performance as of 9/30/2018 | | | Three Month | | | Since Inception(1) | | ||||||
PFM Multi-Manager International Equity Fund | | | | | 0.73% | | | | | | -3.10% | | |
MSCI All Country World ex-U.S. Index(2) | | | | | 0.71% | | | | | | -3.09% | | |
| | | Fund Assets Managed | | | |||||||||||
Investment Sub-Adviser | | | (%) | | | ($ Million) | | | Investment Strategy | | ||||||
Brown Brothers Harriman & Co. | | | | | 9.9 | | | | | | 49.0 | | | | Securitized Assets | |
Nomura Corporate Research and Asset Management Inc. | | | | | 15.0 | | | | | | 73.6 | | | | High Yield | |
PineBridge Investments LLC | | | | | 14.8 | | | | | | 72.6 | | | | Investment Grade Credit | |
PGIM, Inc. | | | | | 30.5 | | | | | | 149.9 | | | | Investment Grade Core | |
Teachers Advisors, LLC | | | | | 29.8 | | | | | | 146.8 | | | | Investment Grade Core | |
Sector Diversification | | | % | | |||
Asset-Backed Securities | | | | | 13.0 | | |
Bank Loans | | | | | 0.1 | | |
Commercial Mortgage-Backed Securities | | | | | 9.3 | | |
Corporate Bonds | | | | | 48.3 | | |
Foreign Corporate Bonds | | | | | 1.2 | | |
Foreign Government Agencies | | | | | 0.5 | | |
Foreign Government Obligations | | | | | 0.8 | | |
Municipal Bonds | | | | | 2.0 | | |
Supranational Bonds | | | | | 1.9 | | |
U.S. Government Agencies | | | | | 10.5 | | |
U.S. Government Obligations | | | | | 10.2 | | |
Cash Equivalents and Other | | | | | 2.2 | | |
Credit Quality Diversification | | | % | | |||
AAA | | | | | 39.8 | | |
AA | | | | | 7.7 | | |
A | | | | | 14.3 | | |
BBB | | | | | 21.9 | | |
BB | | | | | 6.6 | | |
B | | | | | 6.4 | | |
Below B | | | | | 1.9 | | |
Cash & Not Rated | | | | | 1.3 | | |
Initial Investment of $10,000
| | Total Returns | | ||||||||||
Performance as of 9/30/2018 | | | Three Month | | | Since Inception(1) | | ||||||
PFM Multi-Manager Fixed-Income Fund | | | | | 0.61% | | | | | | 1.27% | | |
Bloomberg Barclays U.S. Aggregate Index(2) | | | | | 0.02% | | | | | | -1.60% | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 97.3% | | ||||||||||||
COMMUNICATION SERVICES – 1.9% | | ||||||||||||
AT&T, Inc. | | | | | 195,569 | | | | | $ | 6,567,197 | | |
ATN International, Inc. | | | | | 100 | | | | | | 7,388 | | |
Boingo Wireless, Inc.(a) | | | | | 400 | | | | | | 13,960 | | |
CenturyLink, Inc. | | | | | 14,300 | | | | | | 303,160 | | |
Cincinnati Bell, Inc.(a) | | | | | 563 | | | | | | 8,980 | | |
Cogent Communications Holdings, Inc. | | | | | 500 | | | | | | 27,900 | | |
Consolidated Communications Holdings, Inc. | | | | | 700 | | | | | | 9,128 | | |
Frontier Communications Corp. | | | | | 900 | | | | | | 5,841 | | |
Intelsat S.A.(a) | | | | | 400 | | | | | | 12,000 | | |
Iridium Communications, Inc.(a) | | | | | 1,000 | | | | | | 22,500 | | |
ORBCOMM, Inc.(a) | | | | | 800 | | | | | | 8,688 | | |
Shenandoah Telecommunications Co. | | | | | 500 | | | | | | 19,375 | | |
Sprint Corp.(a) | | | | | 12,000 | | | | | | 78,480 | | |
T-Mobile US, Inc.(a) | | | | | 4,800 | | | | | | 336,864 | | |
Telephone & Data Systems, Inc. | | | | | 1,900 | | | | | | 57,817 | | |
United States Cellular Corp.(a) | | | | | 200 | | | | | | 8,956 | | |
Verizon Communications, Inc. | | | | | 63,500 | | | | | | 3,390,265 | | |
Vonage Holdings Corp.(a) | | | | | 3,900 | | | | | | 55,224 | | |
Windstream Holdings, Inc.(a) | | | | | 420 | | | | | | 2,058 | | |
Zayo Group Holdings, Inc.(a) | | | | | 3,400 | | | | | | 118,048 | | |
Total Communication Services | | | | | 11,053,829 | | | ||||||
CONSUMER DISCRETIONARY – 11.0% | | ||||||||||||
1-800-Flowers.com, Inc., Class A(a) | | | | | 300 | | | | | | 3,540 | | |
Aaron’s, Inc. | | | | | 1,000 | | | | | | 54,460 | | |
Abercrombie & Fitch Co., Class A | | | | | 800 | | | | | | 16,896 | | |
Acushnet Holdings Corp. | | | | | 400 | | | | | | 10,972 | | |
Adient PLC | | | | | 1,600 | | | | | | 62,896 | | |
Adtalem Global Education, Inc.(a) | | | | | 1,100 | | | | | | 53,020 | | |
Advance Auto Parts, Inc. | | | | | 3,300 | | | | | | 555,489 | | |
Amazon.com, Inc.(a) | | | | | 6,220 | | | | | | 12,458,660 | | |
AMC Entertainment Holdings, Inc., Class A | | | | | 600 | | | | | | 12,300 | | |
AMC Networks, Inc., Class A(a) | | | | | 600 | | | | | | 39,804 | | |
America’s Car-Mart, Inc.(a) | | | | | 100 | | | | | | 7,820 | | |
American Axle & Manufacturing Holdings, Inc.(a) | | | | | 2,400 | | | | | | 41,856 | | |
American Eagle Outfitters, Inc. | | | | | 3,000 | | | | | | 74,490 | | |
American Outdoor Brands Corp.(a) | | | | | 600 | | | | | | 9,318 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
American Public Education, Inc.(a) | | | | | 200 | | | | | $ | 6,610 | | |
Aptiv PLC | | | | | 4,200 | | | | | | 352,380 | | |
Aramark | | | | | 3,900 | | | | | | 167,778 | | |
Asbury Automotive Group, Inc.(a) | | | | | 200 | | | | | | 13,750 | | |
Ascena Retail Group, Inc.(a) | | | | | 2,000 | | | | | | 9,140 | | |
At Home Group, Inc.(a) | | | | | 600 | | | | | | 18,918 | | |
Autoliv, Inc. | | | | | 2,933 | | | | | | 254,232 | | |
AutoNation, Inc.(a) | | | | | 700 | | | | | | 29,085 | | |
AutoZone, Inc.(a) | | | | | 400 | | | | | | 310,280 | | |
Barnes & Noble, Inc. | | | | | 700 | | | | | | 4,060 | | |
Beazer Homes USA, Inc.(a) | | | | | 400 | | | | | | 4,200 | | |
Bed Bath & Beyond, Inc. | | | | | 1,600 | | | | | | 24,000 | | |
Belmond Ltd., Class A(a) | | | | | 1,000 | | | | | | 18,250 | | |
Best Buy Co., Inc. | | | | | 3,700 | | | | | | 293,632 | | |
Big Lots, Inc. | | | | | 500 | | | | | | 20,895 | | |
BJ’s Restaurants, Inc. | | | | | 200 | | | | | | 14,440 | | |
Bloomin’ Brands, Inc. | | | | | 1,000 | | | | | | 19,790 | | |
Bojangles’, Inc.(a) | | | | | 200 | | | | | | 3,140 | | |
Booking Holdings, Inc.(a) | | | | | 730 | | | | | | 1,448,320 | | |
Boot Barn Holdings, Inc.(a) | | | | | 200 | | | | | | 5,682 | | |
BorgWarner, Inc. | | | | | 3,400 | | | | | | 145,452 | | |
Boyd Gaming Corp. | | | | | 1,000 | | | | | | 33,850 | | |
Bright Horizons Family Solutions, Inc.(a) | | | | | 900 | | | | | | 106,056 | | |
Brinker International, Inc. | | | | | 500 | | | | | | 23,365 | | |
Brunswick Corp. | | | | | 1,300 | | | | | | 87,126 | | |
Buckle, Inc. (The) | | | | | 300 | | | | | | 6,915 | | |
Burlington Stores, Inc.(a) | | | | | 1,100 | | | | | | 179,212 | | |
Cable One, Inc. | | | | | 100 | | | | | | 88,361 | | |
Caesars Entertainment Corp.(a) | | | | | 8,500 | | | | | | 87,125 | | |
Caleres, Inc. | | | | | 500 | | | | | | 17,930 | | |
Callaway Golf Co. | | | | | 1,100 | | | | | | 26,719 | | |
Camping World Holdings, Inc., Class A | | | | | 400 | | | | | | 8,528 | | |
Career Education Corp.(a) | | | | | 800 | | | | | | 11,944 | | |
CarMax, Inc.(a) | | | | | 2,700 | | | | | | 201,609 | | |
Carnival Corp. | | | | | 6,300 | | | | | | 401,751 | | |
Carriage Services, Inc. | | | | | 200 | | | | | | 4,310 | | |
Carrols Restaurant Group, Inc.(a) | | | | | 400 | | | | | | 5,840 | | |
Carter’s, Inc. | | | | | 800 | | | | | | 78,880 | | |
Carvana Co.(a) | | | | | 700 | | | | | | 41,363 | | |
Cato Corp. (The), Class A | | | | | 300 | | | | | | 6,306 | | |
Cavco Industries, Inc.(a) | | | | | 100 | | | | | | 25,300 | | |
CBS Corp., Class B, NVDR | | | | | 4,900 | | | | | | 281,505 | | |
Central European Media Enterprises Ltd., Class A(a) | | | | | 900 | | | | | | 3,375 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Century Communities, Inc.(a) | | | | | 200 | | | | | $ | 5,250 | | |
Charter Communications, Inc., Class A(a) | | | | | 2,700 | | | | | | 879,876 | | |
Cheesecake Factory, Inc. (The) | | | | | 500 | | | | | | 26,770 | | |
Chegg, Inc.(a) | | | | | 1,500 | | | | | | 42,645 | | |
Chico’s FAS, Inc. | | | | | 1,500 | | | | | | 13,005 | | |
Children’s Place, Inc. (The) | | | | | 200 | | | | | | 25,560 | | |
Chipotle Mexican Grill, Inc.(a) | | | | | 400 | | | | | | 181,808 | | |
Choice Hotels International, Inc. | | | | | 700 | | | | | | 58,310 | | |
Churchill Downs, Inc. | | | | | 200 | | | | | | 55,540 | | |
Chuy’s Holdings, Inc.(a) | | | | | 200 | | | | | | 5,250 | | |
Cinemark Holdings, Inc. | | | | | 1,800 | | | | | | 72,360 | | |
Citi Trends, Inc. | | | | | 200 | | | | | | 5,754 | | |
Columbia Sportswear Co. | | | | | 600 | | | | | | 55,842 | | |
Comcast Corp., Class A | | | | | 70,200 | | | | | | 2,485,782 | | |
Conn’s, Inc.(a) | | | | | 200 | | | | | | 7,070 | | |
Cooper Tire & Rubber Co. | | | | | 600 | | | | | | 16,980 | | |
Cooper-Standard Holdings, Inc.(a) | | | | | 200 | | | | | | 23,996 | | |
Core-Mark Holding Co., Inc. | | | | | 500 | | | | | | 16,980 | | |
Cracker Barrel Old Country Store, Inc. | | | | | 300 | | | | | | 44,139 | | |
Crocs, Inc.(a) | | | | | 800 | | | | | | 17,032 | | |
Culp, Inc. | | | | | 100 | | | | | | 2,420 | | |
Dana, Inc. | | | | | 1,700 | | | | | | 31,739 | | |
Darden Restaurants, Inc. | | | | | 1,900 | | | | | | 211,261 | | |
Dave & Buster’s Entertainment, Inc.(a) | | | | | 500 | | | | | | 33,110 | | |
Deckers Outdoor Corp.(a) | | | | | 400 | | | | | | 47,432 | | |
Del Frisco’s Restaurant Group, Inc.(a) | | | | | 200 | | | | | | 1,660 | | |
Del Taco Restaurants, Inc.(a) | | | | | 400 | | | | | | 4,724 | | |
Denny’s Corp.(a) | | | | | 700 | | | | | | 10,304 | | |
Dick’s Sporting Goods, Inc. | | | | | 1,600 | | | | | | 56,768 | | |
Dillard’s, Inc., Class A | | | | | 200 | | | | | | 15,268 | | |
Dine Brands Global, Inc. | | | | | 200 | | | | | | 16,262 | | |
Discovery, Inc.(a) | | | | | 5,700 | | | | | | 168,606 | | |
Discovery, Inc., Class A(a) | | | | | 2,600 | | | | | | 83,200 | | |
DISH Network Corp., Class A(a) | | | | | 3,700 | | | | | | 132,312 | | |
Dollar General Corp. | | | | | 4,200 | | | | | | 459,060 | | |
Dollar Tree, Inc.(a) | | | | | 3,700 | | | | | | 301,735 | | |
Domino’s Pizza, Inc. | | | | | 700 | | | | | | 206,360 | | |
Dorman Products, Inc.(a) | | | | | 300 | | | | | | 23,076 | | |
DR Horton, Inc. | | | | | 5,100 | | | | | | 215,118 | | |
Drive Shack, Inc.(a) | | | | | 700 | | | | | | 4,172 | | |
DSW, Inc., Class A | | | | | 800 | | | | | | 27,104 | | |
Dunkin’ Brands Group, Inc. | | | | | 1,200 | | | | | | 88,464 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Eldorado Resorts, Inc.(a) | | | | | 900 | | | | | $ | 43,740 | | |
Emerald Expositions Events, Inc. | | | | | 200 | | | | | | 3,296 | | |
Entercom Communications Corp., Class A | | | | | 1,500 | | | | | | 11,850 | | |
Entravision Communications Corp., Class A | | | | | 800 | | | | | | 3,920 | | |
Eros International PLC(a) | | | | | 400 | | | | | | 4,820 | | |
Ethan Allen Interiors, Inc. | | | | | 300 | | | | | | 6,225 | | |
EW Scripps Co. (The), Class A | | | | | 700 | | | | | | 11,550 | | |
Expedia Group, Inc. | | | | | 1,800 | | | | | | 234,864 | | |
Express, Inc.(a) | | | | | 900 | | | | | | 9,954 | | |
Extended Stay America, Inc., UNIT | | | | | 3,300 | | | | | | 66,759 | | |
Fiesta Restaurant Group, Inc.(a) | | | | | 300 | | | | | | 8,025 | | |
Five Below, Inc.(a) | | | | | 900 | | | | | | 117,054 | | |
Flexsteel Industries, Inc. | | | | | 100 | | | | | | 2,974 | | |
Floor & Decor Holdings, Inc., Class A(a) | | | | | 800 | | | | | | 24,136 | | |
Foot Locker, Inc. | | | | | 1,900 | | | | | | 96,862 | | |
Ford Motor Co. | | | | | 58,600 | | | | | | 542,050 | | |
Fossil Group, Inc.(a) | | | | | 500 | | | | | | 11,640 | | |
Fox Factory Holding Corp.(a) | | | | | 700 | | | | | | 49,035 | | |
G-III Apparel Group Ltd.(a) | | | | | 500 | | | | | | 24,095 | | |
GameStop Corp., Class A | | | | | 1,100 | | | | | | 16,797 | | |
Gannett Co., Inc. | | | | | 1,300 | | | | | | 13,013 | | |
Gap, Inc. (The) | | | | | 3,300 | | | | | | 95,205 | | |
Garmin Ltd. | | | | | 1,700 | | | | | | 119,085 | | |
GCI Liberty, Inc., Class A(a) | | | | | 1,600 | | | | | | 81,600 | | |
General Motors Co. | | | | | 20,300 | | | | | | 683,501 | | |
Genesco, Inc.(a) | | | | | 200 | | | | | | 9,420 | | |
Gentex Corp. | | | | | 4,000 | | | | | | 85,840 | | |
Gentherm, Inc.(a) | | | | | 400 | | | | | | 18,180 | | |
Genuine Parts Co. | | | | | 2,200 | | | | | | 218,680 | | |
Golden Entertainment, Inc.(a) | | | | | 200 | | | | | | 4,802 | | |
Goodyear Tire & Rubber Co. (The) | | | | | 3,400 | | | | | | 79,526 | | |
GoPro, Inc., Class A(a) | | | | | 1,200 | | | | | | 8,640 | | |
Graham Holdings Co., Class B | | | | | 70 | | | | | | 40,551 | | |
Grand Canyon Education, Inc.(a) | | | | | 800 | | | | | | 90,240 | | |
Gray Television, Inc.(a) | | | | | 900 | | | | | | 15,750 | | |
Green Brick Partners, Inc.(a) | | | | | 300 | | | | | | 3,030 | | |
Group 1 Automotive, Inc. | | | | | 200 | | | | | | 12,980 | | |
Groupon, Inc.(a) | | | | | 6,300 | | | | | | 23,751 | | |
Guess?, Inc. | | | | | 700 | | | | | | 15,820 | | |
H&R Block, Inc. | | | | | 3,000 | | | | | | 77,250 | | |
Hanesbrands, Inc. | | | | | 5,100 | | | | | | 93,993 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Harley-Davidson, Inc. | | | | | 2,800 | | | | | $ | 126,840 | | |
Hasbro, Inc. | | | | | 1,800 | | | | | | 189,216 | | |
Haverty Furniture Cos., Inc. | | | | | 200 | | | | | | 4,420 | | |
Helen of Troy Ltd.(a) | | | | | 500 | | | | | | 65,450 | | |
Hibbett Sports, Inc.(a) | | | | | 200 | | | | | | 3,760 | | |
Hilton Grand Vacations, Inc.(a) | | | | | 1,400 | | | | | | 46,340 | | |
Hilton Worldwide Holdings, Inc. | | | | | 4,400 | | | | | | 355,432 | | |
Home Depot, Inc. (The) | | | | | 31,305 | | | | | | 6,484,831 | | |
Hooker Furniture Corp. | | | | | 100 | | | | | | 3,380 | | |
Houghton Mifflin Harcourt Co.(a) | | | | | 1,200 | | | | | | 8,400 | | |
Hudson Ltd., Class A(a) | | | | | 500 | | | | | | 11,280 | | |
Hyatt Hotels Corp., Class A | | | | | 700 | | | | | | 55,713 | | |
IMAX Corp.(a) | | | | | 600 | | | | | | 15,480 | | |
Installed Building Products, Inc.(a) | | | | | 200 | | | | | | 7,800 | | |
International Game Technology PLC | | | | | 1,200 | | | | | | 23,700 | | |
International Speedway Corp., Class A | | | | | 300 | | | | | | 13,140 | | |
Interpublic Group of Cos., Inc. (The) | | | | | 6,300 | | | | | | 144,081 | | |
iRobot Corp.(a) | | | | | 500 | | | | | | 54,960 | | |
Jack in the Box, Inc. | | | | | 600 | | | | | | 50,298 | | |
JC Penney Co., Inc.(a) | | | | | 3,600 | | | | | | 5,976 | | |
John Wiley & Sons, Inc., Class A | | | | | 6,850 | | | | | | 415,110 | | |
Johnson Outdoors, Inc., Class A | | | | | 100 | | | | | | 9,299 | | |
K12, Inc.(a) | | | | | 400 | | | | | | 7,080 | | |
KB Home | | | | | 1,000 | | | | | | 23,910 | | |
Kohl’s Corp. | | | | | 2,500 | | | | | | 186,375 | | |
L Brands, Inc. | | | | | 3,300 | | | | | | 99,990 | | |
La-Z-Boy, Inc. | | | | | 500 | | | | | | 15,800 | | |
Lands’ End, Inc.(a) | | | | | 200 | | | | | | 3,510 | | |
Las Vegas Sands Corp. | | | | | 5,600 | | | | | | 332,248 | | |
Laureate Education, Inc., Class A(a) | | | | | 2,200 | | | | | | 33,968 | | |
LCI Industries | | | | | 300 | | | | | | 24,840 | | |
Lear Corp. | | | | | 1,000 | | | | | | 145,000 | | |
Leggett & Platt, Inc. | | | | | 1,900 | | | | | | 83,201 | | |
Lennar Corp., Class A | | | | | 4,500 | | | | | | 210,105 | | |
Lennar Corp., Class B | | | | | 200 | | | | | | 7,700 | | |
LGI Homes, Inc.(a) | | | | | 200 | | | | | | 9,488 | | |
Liberty Broadband Corp.(a) | | | | | 1,500 | | | | | | 126,450 | | |
Liberty Broadband Corp., Class A(a) | | | | | 300 | | | | | | 25,299 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Liberty Expedia Holdings, Inc., Class A(a) | | | | | 1,100 | | | | | $ | 51,744 | | |
Liberty Latin America Ltd., Class A(a) | | | | | 600 | | | | | | 12,504 | | |
Liberty Latin America Ltd., Class C(a) | | | | | 1,600 | | | | | | 33,008 | | |
Liberty Media Corp-Liberty Braves(a) | | | | | 400 | | | | | | 10,900 | | |
Liberty Media Corp-Liberty Formula One(a) | | | | | 3,000 | | | | | | 111,570 | | |
Liberty Media Corp-Liberty Formula One, Class A(a) | | | | | 300 | | | | | | 10,674 | | |
Liberty Media Corp-Liberty SiriusXM(a) | | | | | 2,500 | | | | | | 108,625 | | |
Liberty Media Corp-Liberty SiriusXM, Class A(a) | | | | | 1,500 | | | | | | 65,160 | | |
Liberty TripAdvisor Holdings, Inc., Class A(a) | | | | | 800 | | | | | | 11,880 | | |
Lions Gate Entertainment Corp., Class A | | | | | 600 | | | | | | 14,634 | | |
Lions Gate Entertainment Corp., Class B | | | | | 1,200 | | | | | | 27,960 | | |
Lithia Motors, Inc., Class A | | | | | 300 | | | | | | 24,498 | | |
Live Nation Entertainment, Inc.(a) | | | | | 2,200 | | | | | | 119,834 | | |
LKQ Corp.(a) | | | | | 4,900 | | | | | | 155,183 | | |
Loral Space & Communications, Inc.(a) | | | | | 100 | | | | | | 4,540 | | |
Lowe’s Cos., Inc. | | | | | 12,500 | | | | | | 1,435,250 | | |
Lululemon Athletica, Inc.(a) | | | | | 1,600 | | | | | | 259,984 | | |
Lumber Liquidators Holdings, Inc.(a) | | | | | 300 | | | | | | 4,647 | | |
M/I Homes, Inc.(a) | | | | | 300 | | | | | | 7,179 | | |
Macy’s, Inc. | | | | | 4,800 | | | | | | 166,704 | | |
Madison Square Garden Co. (The), Class A(a) | | | | | 300 | | | | | | 94,596 | | |
Malibu Boats, Inc., Class A(a) | | | | | 200 | | | | | | 10,944 | | |
Marcus Corp. (The) | | | | | 200 | | | | | | 8,410 | | |
MarineMax, Inc.(a) | | | | | 200 | | | | | | 4,250 | | |
Marriott International, Inc., Class A | | | | | 4,400 | | | | | | 580,932 | | |
Marriott Vacations Worldwide Corp. | | | | | 630 | | | | | | 70,402 | | |
Mattel, Inc. | | | | | 5,500 | | | | | | 86,350 | | |
MCBC Holdings, Inc.(a) | | | | | 200 | | | | | | 7,176 | | |
McDonald’s Corp. | | | | | 11,900 | | | | | | 1,990,751 | | |
MDC Holdings, Inc. | | | | | 500 | | | | | | 14,790 | | |
Meredith Corp. | | | | | 500 | | | | | | 25,525 | | |
Meritage Homes Corp.(a) | | | | | 400 | | | | | | 15,960 | | |
MGM Resorts International | | | | | 8,200 | | | | | | 228,862 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Michael Kors Holdings Ltd.(a) | | | | | 2,300 | | | | | $ | 157,688 | | |
Michaels Cos., Inc. (The)(a) | | | | | 1,300 | | | | | | 21,099 | | |
Modine Manufacturing Co.(a) | | | | | 600 | | | | | | 8,940 | | |
Mohawk Industries, Inc.(a) | | | | | 900 | | | | | | 157,815 | | |
Monarch Casino & Resort, Inc.(a) | | | | | 100 | | | | | | 4,545 | | |
Monro, Inc. | | | | | 400 | | | | | | 27,840 | | |
Motorcar Parts of America, Inc.(a) | | | | | 200 | | | | | | 4,690 | | |
Movado Group, Inc. | | | | | 200 | | | | | | 8,380 | | |
MSG Networks, Inc., Class A(a) | | | | | 700 | | | | | | 18,060 | | |
Murphy USA, Inc.(a) | | | | | 400 | | | | | | 34,184 | | |
National CineMedia, Inc. | | | | | 700 | | | | | | 7,413 | | |
National Vision Holdings, Inc.(a) | | | | | 1,000 | | | | | | 45,140 | | |
Nautilus, Inc.(a) | | | | | 300 | | | | | | 4,185 | | |
Netflix, Inc.(a) | | | | | 6,360 | | | | | | 2,379,467 | | |
New Media Investment Group, Inc. | | | | | 600 | | | | | | 9,414 | | |
New York Times Co. (The), Class A | | | | | 2,400 | | | | | | 55,560 | | |
Newell Brands, Inc. | | | | | 7,300 | | | | | | 148,190 | | |
News Corp., Class A | | | | | 5,400 | | | | | | 71,226 | | |
News Corp., Class B | | | | | 1,400 | | | | | | 19,040 | | |
Nexstar Media Group, Inc., Class A | | | | | 800 | | | | | | 65,120 | | |
NIKE, Inc., Class B | | | | | 19,300 | | | | | | 1,635,096 | | |
Nordstrom, Inc. | | | | | 2,000 | | | | | | 119,620 | | |
Norwegian Cruise Line Holdings Ltd.(a) | | | | | 3,100 | | | | | | 178,033 | | |
Nutrisystem, Inc. | | | | | 300 | | | | | | 11,115 | | |
NVR, Inc.(a) | | | | | 50 | | | | | | 123,540 | | |
O’Reilly Automotive, Inc.(a) | | | | | 1,200 | | | | | | 416,784 | | |
Office Depot, Inc. | | | | | 5,900 | | | | | | 18,939 | | |
Ollie’s Bargain Outlet Holdings, Inc.(a) | | | | | 700 | | | | | | 67,270 | | |
Omnicom Group, Inc. | | | | | 3,400 | | | | | | 231,268 | | |
Overstock.com, Inc.(a) | | | | | 200 | | | | | | 5,540 | | |
Oxford Industries, Inc. | | | | | 200 | | | | | | 18,040 | | |
Papa John’s International, Inc. | | | | | 300 | | | | | | 15,384 | | |
Party City Holdco, Inc.(a) | | | | | 400 | | | | | | 5,420 | | |
Penn National Gaming, Inc.(a) | | | | | 1,000 | | | | | | 32,920 | | |
Penske Automotive Group, Inc. | | | | | 400 | | | | | | 18,956 | | |
PetMed Express, Inc. | | | | | 200 | | | | | | 6,602 | | |
PICO Holdings, Inc.(a) | | | | | 300 | | | | | | 3,765 | | |
Pinnacle Entertainment, Inc.(a) | | | | | 600 | | | | | | 20,214 | | |
Planet Fitness, Inc., Class A(a) | | | | | 1,600 | | | | | | 86,448 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Polaris Industries, Inc. | | | | | 900 | | | | | $ | 90,855 | | |
Pool Corp. | | | | | 600 | | | | | | 100,128 | | |
Potbelly Corp.(a) | | | | | 300 | | | | | | 3,690 | | |
PulteGroup, Inc. | | | | | 4,300 | | | | | | 106,511 | | |
PVH Corp. | | | | | 1,200 | | | | | | 173,280 | | |
Qurate Retail, Inc.(a) | | | | | 7,200 | | | | | | 159,912 | | |
Ralph Lauren Corp. | | | | | 800 | | | | | | 110,040 | | |
RCI Hospitality Holdings, Inc. | | | | | 100 | | | | | | 2,961 | | |
Reading International, Inc., Class A(a) | | | | | 200 | | | | | | 3,160 | | |
Red Robin Gourmet Burgers, Inc.(a) | | | | | 100 | | | | | | 4,015 | | |
Red Rock Resorts, Inc., Class A | | | | | 800 | | | | | | 21,320 | | |
Regis Corp.(a) | | | | | 400 | | | | | | 8,172 | | |
Rent-A-Center, Inc.(a) | | | | | 500 | | | | | | 7,190 | | |
RH(a) | | | | | 400 | | | | | | 52,404 | | |
Roku, Inc.(a) | | | | | 600 | | | | | | 43,818 | | |
Ross Stores, Inc. | | | | | 5,700 | | | | | | 564,870 | | |
Royal Caribbean Cruises Ltd. | | | | | 2,500 | | | | | | 324,850 | | |
Ruth’s Hospitality Group, Inc. | | | | | 300 | | | | | | 9,465 | | |
Sally Beauty Holdings, Inc.(a) | | | | | 15,650 | | | | | | 287,803 | | |
Scholastic Corp. | | | | | 300 | | | | | | 14,007 | | |
Scientific Games Corp., Class A(a) | | | | | 600 | | | | | | 15,240 | | |
SeaWorld Entertainment, Inc.(a) | | | | | 800 | | | | | | 25,144 | | |
Service Corp. International/US | | | | | 2,500 | | | | | | 110,500 | | |
ServiceMaster Global Holdings, Inc.(a) | | | | | 2,200 | | | | | | 136,466 | | |
Shake Shack, Inc., Class A(a) | | | | | 300 | | | | | | 18,903 | | |
Shutterfly, Inc.(a) | | | | | 400 | | | | | | 26,356 | | |
Signet Jewelers Ltd. | | | | | 1,200 | | | | | | 79,116 | | |
Sinclair Broadcast Group, Inc., Class A | | | | | 800 | | | | | | 22,680 | | |
Sirius XM Holdings, Inc. | | | | | 22,600 | | | | | | 142,832 | | |
Six Flags Entertainment Corp. | | | | | 1,200 | | | | | | 83,784 | | |
Skechers U.S.A., Inc., Class A(a) | | | | | 2,400 | | | | | | 67,032 | | |
Skyline Champion Corp. | | | | | 900 | | | | | | 25,713 | | |
Sleep Number Corp.(a) | | | | | 400 | | | | | | 14,712 | | |
Sonic Automotive, Inc., Class A | | | | | 300 | | | | | | 5,805 | | |
Sonic Corp. | | | | | 400 | | | | | | 17,336 | | |
Sotheby’s(a) | | | | | 400 | | | | | | 19,676 | | |
Standard Motor Products, Inc. | | | | | 200 | | | | | | 9,844 | | |
Starbucks Corp. | | | | | 20,400 | | | | | | 1,159,536 | | |
Steven Madden Ltd. | | | | | 1,100 | | | | | | 58,190 | | |
Stoneridge, Inc.(a) | | | | | 300 | | | | | | 8,916 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Strategic Education, Inc. | | | | | 387 | | | | | $ | 53,031 | | |
Sturm Ruger & Co., Inc. | | | | | 200 | | | | | | 13,810 | | |
Superior Industries International, Inc. | | | | | 300 | | | | | | 5,115 | | |
Tailored Brands, Inc. | | | | | 600 | | | | | | 15,114 | | |
Tapestry, Inc. | | | | | 4,300 | | | | | | 216,161 | | |
Target Corp. | | | | | 8,200 | | | | | | 723,322 | | |
Taylor Morrison Home Corp., Class A(a) | | | | | 1,300 | | | | | | 23,452 | | |
TEGNA, Inc. | | | | | 2,500 | | | | | | 29,900 | | |
Tempur Sealy International, Inc.(a) | | | | | 900 | | | | | | 47,610 | | |
Tenneco, Inc. | | | | | 600 | | | | | | 25,284 | | |
Tesla, Inc.(a) | | | | | 2,110 | | | | | | 558,665 | | |
Texas Roadhouse, Inc. | | | | | 1,200 | | | | | | 83,148 | | |
Thor Industries, Inc. | | | | | 900 | | | | | | 75,330 | | |
Tiffany & Co. | | | | | 2,000 | | | | | | 257,940 | | |
Tile Shop Holdings, Inc. | | | | | 500 | | | | | | 3,575 | | |
TJX Cos., Inc. (The) | | | | | 9,500 | | | | | | 1,064,190 | | |
Toll Brothers, Inc. | | | | | 2,300 | | | | | | 75,969 | | |
TopBuild Corp.(a) | | | | | 400 | | | | | | 22,728 | | |
Tower International, Inc. | | | | | 200 | | | | | | 6,050 | | |
Tractor Supply Co. | | | | | 7,100 | | | | | | 645,248 | | |
TRI Pointe Group, Inc.(a) | | | | | 1,700 | | | | | | 21,080 | | |
Tribune Media Co., Class A | | | | | 1,300 | | | | | | 49,959 | | |
TripAdvisor, Inc.(a) | | | | | 1,600 | | | | | | 81,712 | | |
tronc, Inc.(a) | | | | | 200 | | | | | | 3,266 | | |
Tupperware Brands Corp. | | | | | 600 | | | | | | 20,070 | | |
Twenty-First Century Fox, Inc., Class A | | | | | 16,200 | | | | | | 750,546 | | |
Twenty-First Century Fox, Inc., Class B | | | | | 7,600 | | | | | | 348,232 | | |
Ulta Salon Cosmetics & Fragrance, Inc.(a) | | | | | 2,400 | | | | | | 677,088 | | |
Under Armour, Inc., Class A(a) | | | | | 3,100 | | | | | | 65,782 | | |
Under Armour, Inc., Class C(a) | | | | | 3,200 | | | | | | 62,272 | | |
Unifi, Inc.(a) | | | | | 200 | | | | | | 5,666 | | |
Universal Electronics, Inc.(a) | | | | | 200 | | | | | | 7,870 | | |
Urban Outfitters, Inc.(a) | | | | | 1,400 | | | | | | 57,260 | | |
Vail Resorts, Inc. | | | | | 600 | | | | | | 164,652 | | |
VF Corp. | | | | | 5,000 | | | | | | 467,250 | | |
Viacom, Inc., Class A | | | | | 100 | | | | | | 3,655 | | |
Viacom, Inc., Class B | | | | | 5,400 | | | | | | 182,304 | | |
Vista Outdoor, Inc.(a) | | | | | 700 | | | | | | 12,523 | | |
Visteon Corp.(a) | | | | | 400 | | | | | | 37,160 | | |
Walt Disney Co. (The) | | | | | 32,300 | | | | | | 3,777,162 | | |
Wayfair, Inc., Class A(a) | | | | | 1,000 | | | | | | 147,670 | | |
Weight Watchers International, Inc.(a) | | | | | 700 | | | | | | 50,393 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Wendy’s Co. (The) | | | | | 3,300 | | | | | $ | 56,562 | | |
Weyco Group, Inc. | | | | | 100 | | | | | | 3,518 | | |
Whirlpool Corp. | | | | | 1,100 | | | | | | 130,625 | | |
William Lyon Homes, Class A(a) | | | | | 400 | | | | | | 6,356 | | |
Williams-Sonoma, Inc. | | | | | 1,400 | | | | | | 92,008 | | |
Wingstop, Inc. | | | | | 300 | | | | | | 20,481 | | |
Winnebago Industries, Inc. | | | | | 400 | | | | | | 13,260 | | |
Wolverine World Wide, Inc. | | | | | 1,700 | | | | | | 66,385 | | |
World Wrestling Entertainment, Inc., Class A | | | | | 800 | | | | | | 77,384 | | |
Wyndham Destinations, Inc. | | | | | 1,300 | | | | | | 56,368 | | |
Wyndham Hotels & Resorts, Inc. | | | | | 1,700 | | | | | | 94,469 | | |
Wynn Resorts Ltd. | | | | | 1,500 | | | | | | 190,590 | | |
Yum China Holdings, Inc. | | | | | 5,500 | | | | | | 193,105 | | |
Yum! Brands, Inc. | | | | | 4,900 | | | | | | 445,459 | | |
ZAGG, Inc.(a) | | | | | 300 | | | | | | 4,425 | | |
Zoe’s Kitchen, Inc.(a) | | | | | 200 | | | | | | 2,544 | | |
Zumiez, Inc.(a) | | | | | 200 | | | | | | 5,270 | | |
Total Consumer Discretionary | | | | | 65,556,033 | | | ||||||
CONSUMER STAPLES – 6.4% | | ||||||||||||
Altria Group, Inc. | | | | | 29,000 | | | | | | 1,748,990 | | |
Andersons, Inc. (The) | | | | | 300 | | | | | | 11,295 | | |
Archer-Daniels-Midland Co. | | | | | 8,500 | | | | | | 427,295 | | |
B&G Foods, Inc. | | | | | 800 | | | | | | 21,960 | | |
BJ’s Wholesale Club Holdings, Inc.(a) | | | | | 1,100 | | | | | | 29,458 | | |
Boston Beer Co., Inc. (The), Class A(a) | | | | | 100 | | | | | | 28,750 | | |
Brown-Forman Corp., Class A | | | | | 600 | | | | | | 30,480 | | |
Brown-Forman Corp., Class B | | | | | 9,491 | | | | | | 479,770 | | |
Bunge Ltd. | | | | | 2,300 | | | | | | 158,033 | | |
Cal-Maine Foods, Inc.(a) | | | | | 10,877 | | | | | | 525,359 | | |
Calavo Growers, Inc. | | | | | 200 | | | | | | 19,320 | | |
Campbell Soup Co. | | | | | 9,450 | | | | | | 346,154 | | |
Casey’s General Stores, Inc. | | | | | 600 | | | | | | 77,466 | | |
Central Garden & Pet Co.(a) | | | | | 100 | | | | | | 3,604 | | |
Central Garden & Pet Co., Class A(a) | | | | | 400 | | | | | | 13,256 | | |
Chefs’ Warehouse, Inc. (The)(a) | | | | | 200 | | | | | | 7,270 | | |
Church & Dwight Co., Inc. | | | | | 3,800 | | | | | | 225,606 | | |
Clorox Co. (The) | | | | | 3,967 | | | | | | 596,676 | | |
Coca-Cola Bottling Co. Consolidated | | | | | 100 | | | | | | 18,228 | | |
Coca-Cola Co. (The) | | | | | 58,800 | | | | | | 2,715,972 | | |
Colgate-Palmolive Co. | | | | | 13,000 | | | | | | 870,350 | | |
Conagra Brands, Inc. | | | | | 5,700 | | | | | | 193,629 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER STAPLES – (continued) | | ||||||||||||
Constellation Brands, Inc., Class A | | | | | 2,400 | | | | | $ | 517,488 | | |
Costco Wholesale Corp. | | | | | 6,700 | | | | | | 1,573,696 | | |
Coty, Inc., Class A | | | | | 6,600 | | | | | | 82,896 | | |
Darling Ingredients, Inc.(a) | | | | | 3,200 | | | | | | 61,824 | | |
Dean Foods Co. | | | | | 1,000 | | | | | | 7,100 | | |
Diageo PLC, ADR | | | | | 9,517 | | | | | | 1,348,273 | | |
Edgewell Personal Care Co.(a) | | | | | 1,100 | | | | | | 50,853 | | |
elf Beauty, Inc.(a) | | | | | 200 | | | | | | 2,546 | | |
Energizer Holdings, Inc. | | | | | 1,000 | | | | | | 58,650 | | |
Estee Lauder Cos., Inc. (The), Class A | | | | | 13,650 | | | | | | 1,983,618 | | |
Flowers Foods, Inc. | | | | | 28,050 | | | | | | 523,413 | | |
Fresh Del Monte Produce, Inc. | | | | | 400 | | | | | | 13,556 | | |
Freshpet, Inc.(a) | | | | | 300 | | | | | | 11,010 | | |
General Mills, Inc. | | | | | 9,400 | | | | | | 403,448 | | |
Hain Celestial Group, Inc. (The)(a) | | | | | 1,200 | | | | | | 32,544 | | |
Henkel AG & Co. KGaA, ADR | | | | | 2,241 | | | | | | 237,546 | | |
Herbalife Nutrition Ltd.(a) | | | | | 1,900 | | | | | | 103,645 | | |
Hershey Co. (The) | | | | | 2,100 | | | | | | 214,200 | | |
Hormel Foods Corp. | | | | | 20,600 | | | | | | 811,640 | | |
Hostess Brands, Inc.(a) | | | | | 900 | | | | | | 9,963 | | |
Ingles Markets, Inc., Class A | | | | | 200 | | | | | | 6,850 | | |
Ingredion, Inc. | | | | | 1,000 | | | | | | 104,960 | | |
Inter Parfums, Inc. | | | | | 200 | | | | | | 12,890 | | |
J&J Snack Foods Corp. | | | | | 200 | | | | | | 30,178 | | |
JM Smucker Co. (The) | | | | | 4,800 | | | | | | 492,528 | | |
John B Sanfilippo & Son, Inc. | | | | | 100 | | | | | | 7,138 | | |
Kellogg Co. | | | | | 3,900 | | | | | | 273,078 | | |
Keurig Dr Pepper, Inc. | | | | | 2,600 | | | | | | 60,242 | | |
Kimberly-Clark Corp. | | | | | 5,300 | | | | | | 602,292 | | |
Kraft Heinz Co. (The) | | | | | 9,100 | | | | | | 501,501 | | |
Kroger Co. (The) | | | | | 12,900 | | | | | | 375,519 | | |
Lamb Weston Holdings, Inc. | | | | | 2,200 | | | | | | 146,520 | | |
Lancaster Colony Corp. | | | | | 300 | | | | | | 44,763 | | |
Landec Corp.(a) | | | | | 300 | | | | | | 4,320 | | |
McCormick & Co., Inc. | | | | | 4,950 | | | | | | 652,162 | | |
Medifast, Inc. | | | | | 200 | | | | | | 44,310 | | |
MGP Ingredients, Inc. | | | | | 100 | | | | | | 7,898 | | |
Molson Coors Brewing Co., Class B | | | | | 8,550 | | | | | | 525,825 | | |
Mondelez International, Inc., Class A | | | | | 22,000 | | | | | | 945,120 | | |
Monster Beverage Corp.(a) | | | | | 6,100 | | | | | | 355,508 | | |
National Beverage Corp.(a) | | | | | 100 | | | | | | 11,662 | | |
Nu Skin Enterprises, Inc., Class A | | | | | 900 | | | | | | 74,178 | | |
Oil-Dri Corp. of America | | | | | 100 | | | | | | 3,856 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER STAPLES – (continued) | | ||||||||||||
PepsiCo, Inc. | | | | | 21,600 | | | | | $ | 2,414,880 | | |
Performance Food Group Co.(a) | | | | | 1,800 | | | | | | 59,940 | | |
Philip Morris International, Inc. | | | | | 23,800 | | | | | | 1,940,652 | | |
Pilgrim’s Pride Corp.(a) | | | | | 600 | | | | | | 10,854 | | |
Pinnacle Foods, Inc. | | | | | 2,000 | | | | | | 129,620 | | |
Post Holdings, Inc.(a) | | | | | 900 | | | | | | 88,236 | | |
PriceSmart, Inc. | | | | | 300 | | | | | | 24,285 | | |
Primo Water Corp.(a) | | | | | 300 | | | | | | 5,415 | | |
Procter & Gamble Co. (The) | | | | | 38,300 | | | | | | 3,187,709 | | |
Rite Aid Corp.(a) | | | | | 12,300 | | | | | | 15,744 | | |
Sanderson Farms, Inc. | | | | | 24,997 | | | | | | 2,583,940 | | |
Seaboard Corp. | | | | | 3 | | | | | | 11,130 | | |
Simply Good Foods Co. (The)(a) | | | | | 900 | | | | | | 17,505 | | |
SpartanNash Co. | | | | | 400 | | | | | | 8,024 | | |
Spectrum Brands Holdings, Inc. | | | | | 825 | | | | | | 61,644 | | |
Sprouts Farmers Market, Inc.(a) | | | | | 2,500 | | | | | | 68,525 | | |
SUPERVALU, Inc.(a) | | | | | 400 | | | | | | 12,888 | | |
Sysco Corp. | | | | | 10,992 | | | | | | 805,164 | | |
Tootsie Roll Industries, Inc. | | | | | 200 | | | | | | 5,850 | | |
TreeHouse Foods, Inc.(a) | | | | | 7,650 | | | | | | 366,053 | | |
Tyson Foods, Inc., Class A | | | | | 4,500 | | | | | | 267,885 | | |
United Natural Foods, Inc.(a) | | | | | 600 | | | | | | 17,970 | | |
Universal Corp. | | | | | 300 | | | | | | 19,500 | | |
US Foods Holding Corp.(a) | | | | | 3,600 | | | | | | 110,952 | | |
USANA Health Sciences, Inc.(a) | | | | | 300 | | | | | | 36,165 | | |
Vector Group Ltd. | | | | | 1,155 | | | | | | 15,916 | | |
Walgreens Boots Alliance, Inc. | | | | | 12,900 | | | | | | 940,410 | | |
Walmart, Inc. | | | | | 30,102 | | | | | | 2,826,879 | | |
WD-40 Co. | | | | | 200 | | | | | | 34,420 | | |
Weis Markets, Inc. | | | | | 100 | | | | | | 4,340 | | |
Total Consumer Staples | | | | | | | | | | | 37,972,623 | | |
ENERGY – 5.1% | | ||||||||||||
Abraxas Petroleum Corp.(a) | | | | | 1,800 | | | | | | 4,194 | | |
Anadarko Petroleum Corp. | | | | | 7,900 | | | | | | 532,539 | | |
Andeavor | | | | | 2,200 | | | | | | 337,700 | | |
Antero Resources Corp.(a) | | | | | 3,900 | | | | | | 69,069 | | |
Apache Corp. | | | | | 5,700 | | | | | | 271,719 | | |
Apergy Corp.(a) | | | | | 1,500 | | | | | | 65,340 | | |
Arch Coal, Inc., Class A | | | | | 200 | | | | | | 17,880 | | |
Archrock, Inc. | | | | | 1,500 | | | | | | 18,300 | | |
Ardmore Shipping Corp.(a) | | | | | 400 | | | | | | 2,600 | | |
Baker Hughes a GE Co. | | | | | 6,400 | | | | | | 216,512 | | |
Basic Energy Services, Inc.(a) | | | | | 200 | | | | | | 1,998 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Bonanza Creek Energy, Inc.(a) | | | | | 200 | | | | | $ | 5,956 | | |
Bristow Group, Inc.(a) | | | | | 400 | | | | | | 4,852 | | |
C&J Energy Services, Inc.(a) | | | | | 600 | | | | | | 12,480 | | |
Cabot Oil & Gas Corp. | | | | | 7,300 | | | | | | 164,396 | | |
Cactus, Inc., Class A(a) | | | | | 300 | | | | | | 11,484 | | |
California Resources Corp.(a) | | | | | 500 | | | | | | 24,265 | | |
Callon Petroleum Co.(a) | | | | | 4,100 | | | | | | 49,159 | | |
Cameco Corp. | | | | | 161,125 | | | | | | 1,836,825 | | |
CARBO Ceramics, Inc.(a) | | | | | 300 | | | | | | 2,175 | | |
Carrizo Oil & Gas, Inc.(a) | | | | | 1,900 | | | | | | 47,880 | | |
Centennial Resource Development, Inc., Class A(a) | | | | | 2,600 | | | | | | 56,810 | | |
Cheniere Energy, Inc.(a) | | | | | 3,700 | | | | | | 257,113 | | |
Chesapeake Energy Corp.(a) | | | | | 15,300 | | | | | | 68,697 | | |
Chevron Corp. | | | | | 29,100 | | | | | | 3,558,348 | | |
Cimarex Energy Co. | | | | | 1,600 | | | | | | 148,704 | | |
Clean Energy Fuels Corp.(a) | | | | | 1,600 | | | | | | 4,160 | | |
CNX Resources Corp.(a) | | | | | 4,100 | | | | | | 58,671 | | |
Concho Resources, Inc.(a) | | | | | 2,968 | | | | | | 453,362 | | |
ConocoPhillips | | | | | 18,100 | | | | | | 1,400,940 | | |
CONSOL Energy, Inc.(a) | | | | | 300 | | | | | | 12,243 | | |
Continental Resources, Inc.(a) | | | | | 1,200 | | | | | | 81,936 | | |
Covia Holdings Corp.(a) | | | | | 360 | | | | | | 3,229 | | |
CVR Energy, Inc. | | | | | 200 | | | | | | 8,044 | | |
Delek US Holdings, Inc. | | | | | 1,400 | | | | | | 59,402 | | |
Denbury Resources, Inc.(a) | | | | | 9,100 | | | | | | 56,420 | | |
Devon Energy Corp. | | | | | 7,700 | | | | | | 307,538 | | |
DHT Holdings, Inc. | | | | | 1,000 | | | | | | 4,700 | | |
Diamond Offshore Drilling, Inc.(a) | | | | | 700 | | | | | | 14,000 | | |
Diamondback Energy, Inc. | | | | | 1,500 | | | | | | 202,785 | | |
Dril-Quip, Inc.(a) | | | | | 400 | | | | | | 20,900 | | |
Energen Corp.(a) | | | | | 1,300 | | | | | | 112,021 | | |
EOG Resources, Inc. | | | | | 8,800 | | | | | | 1,122,616 | | |
EQT Corp. | | | | | 4,100 | | | | | | 181,343 | | |
Exterran Corp.(a) | | | | | 400 | | | | | | 10,612 | | |
Extraction Oil & Gas, Inc.(a) | | | | | 1,400 | | | | | | 15,806 | | |
Exxon Mobil Corp. | | | | | 64,900 | | | | | | 5,517,798 | | |
Forum Energy Technologies, Inc.(a) | | | | | 900 | | | | | | 9,315 | | |
Frank’s International N.V. | | | | | 600 | | | | | | 5,208 | | |
Frontline Ltd.(a) | | | | | 900 | | | | | | 5,229 | | |
FTS International, Inc.(a) | | | | | 300 | | | | | | 3,537 | | |
GasLog Ltd. | | | | | 500 | | | | | | 9,875 | | |
Golar LNG Ltd. | | | | | 1,100 | | | | | | 30,580 | | |
Green Plains, Inc. | | | | | 400 | | | | | | 6,880 | | |
Gulfport Energy Corp.(a) | | | | | 1,800 | | | | | | 18,738 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Halcon Resources Corp.(a) | | | | | 1,600 | | | | | $ | 7,152 | | |
Halliburton Co. | | | | | 13,100 | | | | | | 530,943 | | |
Helix Energy Solutions Group, Inc.(a) | | | | | 1,600 | | | | | | 15,808 | | |
Helmerich & Payne, Inc. | | | | | 1,800 | | | | | | 123,786 | | |
Hess Corp. | | | | | 4,200 | | | | | | 300,636 | | |
HighPoint Resources Corp.(a) | | | | | 1,100 | | | | | | 5,368 | | |
HollyFrontier Corp. | | | | | 2,700 | | | | | | 188,730 | | |
International Seaways, Inc.(a) | | | | | 300 | | | | | | 6,006 | | |
Jagged Peak Energy, Inc.(a) | | | | | 700 | | �� | | | | 9,681 | | |
Keane Group, Inc.(a) | | | | | 600 | | | | | | 7,422 | | |
Kinder Morgan, Inc. | | | | | 29,200 | | | | | | 517,716 | | |
KLX Energy Services Holdings, Inc.(a) | | | | | 360 | | | | | | 11,524 | | |
Kosmos Energy Ltd.(a) | | | | | 308,675 | | | | | | 2,886,111 | | |
Laredo Petroleum, Inc.(a) | | | | | 1,900 | | | | | | 15,523 | | |
Liberty Oilfield Services, Inc., Class A(a) | | | | | 1,300 | | | | | | 28,041 | | |
Mammoth Energy Services, Inc.(a) | | | | | 100 | | | | | | 2,910 | | |
Marathon Oil Corp. | | | | | 12,600 | | | | | | 293,328 | | |
Marathon Petroleum Corp. | | | | | 7,000 | | | | | | 559,790 | | |
Matador Resources Co.(a) | | | | | 1,800 | | | | | | 59,490 | | |
Matrix Service Co.(a) | | | | | 300 | | | | | | 7,395 | | |
McDermott International, Inc.(a) | | | | | 3,100 | | | | | | 57,133 | | |
Murphy Oil Corp. | | | | | 2,700 | | | | | | 90,018 | | |
Nabors Industries Ltd. | | | | | 4,000 | | | | | | 24,640 | | |
National Oilwell Varco, Inc. | | | | | 5,700 | | | | | | 245,556 | | |
Newfield Exploration Co.(a) | | | | | 2,800 | | | | | | 80,724 | | |
Newpark Resources, Inc.(a) | | | | | 1,000 | | | | | | 10,350 | | |
Nine Energy Service, Inc.(a) | | | | | 100 | | | | | | 3,058 | | |
Noble Corp. PLC(a) | | | | | 2,800 | | | | | | 19,684 | | |
Noble Energy, Inc. | | | | | 7,100 | | | | | | 221,449 | | |
Nordic American Tankers Ltd. | | | | | 1,600 | | | | | | 3,344 | | |
Northern Oil and Gas, Inc.(a) | | | | | 6,400 | | | | | | 25,600 | | |
Oasis Petroleum, Inc.(a) | | | | | 5,000 | | | | | | 70,900 | | |
Occidental Petroleum Corp. | | | | | 11,700 | | | | | | 961,389 | | |
Ocean Rig UDW, Inc., Class A(a) | | | | | 800 | | | | | | 27,696 | | |
Oceaneering International, Inc. | | | | | 2,000 | | | | | | 55,200 | | |
Oil States International, Inc.(a) | | | | | 1,300 | | | | | | 43,160 | | |
ONEOK, Inc. | | | | | 6,300 | | | | | | 427,077 | | |
Panhandle Oil and Gas, Inc., Class A | | | | | 200 | | | | | | 3,690 | | |
Par Pacific Holdings, Inc.(a) | | | | | 400 | | | | | | 8,160 | | |
Parsley Energy, Inc., Class A(a) | | | | | 3,700 | | | | | | 108,225 | | |
Patterson-UTI Energy, Inc. | | | | | 3,600 | | | | | | 61,596 | | |
PBF Energy, Inc., Class A | | | | | 1,800 | | | | | | 89,838 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
PDC Energy, Inc.(a) | | | | | 1,100 | | | | | $ | 53,856 | | |
Peabody Energy Corp. | | | | | 1,100 | | | | | | 39,204 | | |
Penn Virginia Corp.(a) | | | | | 200 | | | | | | 16,108 | | |
Phillips 66 | | | | | 6,400 | | | | | | 721,408 | | |
Pioneer Energy Services Corp.(a) | | | | | 900 | | | | | | 2,655 | | |
Pioneer Natural Resources Co. | | | | | 2,700 | | | | | | 470,313 | | |
ProPetro Holding Corp.(a) | | | | | 700 | | | | | | 11,543 | | |
QEP Resources, Inc.(a) | | | | | 2,800 | | | | | | 31,696 | | |
Range Resources Corp. | | | | | 3,900 | | | | | | 66,261 | | |
Renewable Energy Group, Inc.(a) | | | | | 400 | | | | | | 11,520 | | |
Resolute Energy Corp.(a) | | | | | 200 | | | | | | 7,562 | | |
REX American Resources Corp.(a) | | | | | 100 | | | | | | 7,555 | | |
Ring Energy, Inc.(a) | | | | | 600 | | | | | | 5,946 | | |
Rowan Cos. PLC, Class A(a) | | | | | 2,700 | | | | | | 50,841 | | |
RPC, Inc. | | | | | 700 | | | | | | 10,836 | | |
Sanchez Energy Corp.(a) | | | | | 800 | | | | | | 1,840 | | |
SandRidge Energy, Inc.(a) | | | | | 400 | | | | | | 4,348 | | |
Schlumberger Ltd. | | | | | 21,400 | | | | | | 1,303,688 | | |
Scorpio Tankers, Inc. | | | | | 3,100 | | | | | | 6,231 | | |
SEACOR Holdings, Inc.(a) | | | | | 200 | | | | | | 9,882 | | |
SEACOR Marine Holdings, Inc.(a) | | | | | 200 | | | | | | 4,526 | | |
Select Energy Services, Inc., Class A(a) | | | | | 300 | | | | | | 3,552 | | |
SemGroup Corp., Class A | | | | | 800 | | | | | | 17,640 | | |
Ship Finance International Ltd. | | | | | 700 | | | | | | 9,730 | | |
SM Energy Co. | | | | | 2,100 | | | | | | 66,213 | | |
Solaris Oilfield Infrastructure, Inc., Class A(a) | | | | | 200 | | | | | | 3,778 | | |
Southwestern Energy Co.(a) | | | | | 11,100 | | | | | | 56,721 | | |
SRC Energy, Inc.(a) | | | | | 2,800 | | | | | | 24,892 | | |
Superior Energy Services, Inc.(a) | | | | | 1,700 | | | | | | 16,558 | | |
Talos Energy, Inc.(a) | | | | | 200 | | | | | | 6,564 | | |
Targa Resources Corp. | | | | | 3,400 | | | | | | 191,454 | | |
Teekay Corp. | | | | | 700 | | | | | | 4,718 | | |
Tellurian, Inc.(a) | | | | | 700 | | | | | | 6,279 | | |
TETRA Technologies, Inc.(a) | | | | | 1,300 | | | | | | 5,863 | | |
Tidewater, Inc.(a) | | | | | 700 | | | | | | 21,833 | | |
Transocean Ltd.(a) | | | | | 6,200 | | | | | | 86,490 | | |
Ultra Petroleum Corp.(a) | | | | | 2,200 | | | | | | 2,464 | | |
Unit Corp.(a) | | | | | 600 | | | | | | 15,636 | | |
US Silica Holdings, Inc. | | | | | 900 | | | | | | 16,947 | | |
Valero Energy Corp. | | | | | 6,600 | | | | | | 750,750 | | |
W&T Offshore, Inc.(a) | | | | | 1,100 | | | | | | 10,604 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | ��� | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Weatherford International PLC(a) | | | | | 14,200 | | | | | $ | 38,482 | | |
Whiting Petroleum Corp.(a) | | | | | 1,300 | | | | | | 68,952 | | |
WildHorse Resource Development Corp.(a) | | | | | 600 | | | | | | 14,184 | | |
Williams Cos., Inc. (The) | | | | | 18,700 | | | | | | 508,453 | | |
World Fuel Services Corp. | | | | | 800 | | | | | | 22,144 | | |
WPX Energy, Inc.(a) | | | | | 5,600 | | | | | | 112,672 | | |
Total Energy | | | | | | | | | | | 30,662,122 | | |
FINANCIALS – 14.6% | | ||||||||||||
1st Source Corp. | | | | | 200 | | | | | | 10,524 | | |
Access National Corp. | | | | | 200 | | | | | | 5,422 | | |
ACNB Corp. | | | | | 100 | | | | | | 3,720 | | |
Affiliated Managers Group, Inc. | | | | | 900 | | | | | | 123,048 | | |
Aflac, Inc. | | | | | 28,372 | | | | | | 1,335,470 | | |
AG Mortgage Investment Trust, Inc. | | | | | 300 | | | | | | 5,454 | | |
AGNC Investment Corp. | | | | | 6,900 | | | | | | 128,547 | | |
Alleghany Corp. | | | | | 240 | | | | | | 156,607 | | |
Allegiance Bancshares, Inc.(a) | | | | | 100 | | | | | | 4,170 | | |
Allstate Corp. (The) | | | | | 5,400 | | | | | | 532,980 | | |
Ally Financial, Inc. | | | | | 6,600 | | | | | | 174,570 | | |
Ambac Financial Group, Inc.(a) | | | | | 500 | | | | | | 10,210 | | |
American Equity Investment Life Holding Co. | | | | | 1,600 | | | | | | 56,576 | | |
American Express Co. | | | | | 10,800 | | | | | | 1,150,092 | | |
American Financial Group, Inc. | | | | | 1,200 | | | | | | 133,164 | | |
American International Group, Inc. | | | | | 13,800 | | | | | | 734,712 | | |
American National Bankshares, Inc. | | | | | 100 | | | | | | 3,900 | | |
American National Insurance Co. | | | | | 100 | | | | | | 12,929 | | |
Ameriprise Financial, Inc. | | | | | 2,200 | | | | | | 324,852 | | |
Ameris Bancorp | | | | | 1,000 | | | | | | 45,700 | | |
AMERISAFE, Inc. | | | | | 200 | | | | | | 12,390 | | |
AmTrust Financial Services, Inc. | | | | | 1,000 | | | | | | 14,520 | | |
Annaly Capital Management, Inc. | | | | | 20,586 | | | | | | 210,595 | | |
Anworth Mortgage Asset Corp. | | | | | 1,100 | | | | | | 5,093 | | |
Aon PLC | | | | | 3,800 | | | | | | 584,364 | | |
Apollo Commercial Real Estate Finance, Inc. | | | | | 2,300 | | | | | | 43,401 | | |
Arbor Realty Trust, Inc. | | | | | 1,900 | | | | | | 21,812 | | |
Arch Capital Group Ltd.(a) | | | | | 5,700 | | | | | | 169,917 | | |
Ares Capital Corp. | | | | | 94,425 | | | | | | 1,623,166 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Ares Commercial Real Estate Corp. | | | | | 300 | | | | | $ | 4,191 | | |
Argo Group International Holdings Ltd. | | | | | 400 | | | | | | 25,220 | | |
Arlington Asset Investment Corp., Class A | | | | | 300 | | | | | | 2,802 | | |
ARMOUR Residential REIT, Inc. | | | | | 500 | | | | | | 11,225 | | |
Arrow Financial Corp. | | | | | 103 | | | | | | 3,811 | | |
Arthur J Gallagher & Co. | | | | | 10,350 | | | | | | 770,454 | | |
Artisan Partners Asset Management, Inc., Class A | | | | | 500 | | | | | | 16,200 | | |
Aspen Insurance Holdings Ltd. | | | | | 700 | | | | | | 29,260 | | |
Associated Banc-Corp | | | | | 2,500 | | | | | | 65,000 | | |
Assurant, Inc. | | | | | 800 | | | | | | 86,360 | | |
Assured Guaranty Ltd. | | | | | 1,900 | | | | | | 80,237 | | |
Athene Holding Ltd., Class A(a) | | | | | 2,300 | | | | | | 118,818 | | |
Atlantic Capital Bancshares, Inc.(a) | | | | | 200 | | | | | | 3,350 | | |
AXA Equitable Holdings, Inc.(a) | | | | | 2,000 | | | | | | 42,900 | | |
Axis Capital Holdings Ltd. | | | | | 1,200 | | | | | | 69,252 | | |
Axos Financial, Inc.(a) | | | | | 700 | | | | | | 24,073 | | |
B. Riley Financial, Inc. | | | | | 200 | | | | | | 4,530 | | |
Banc of California, Inc. | | | | | 500 | | | | | | 9,450 | | |
BancFirst Corp. | | | | | 200 | | | | | | 11,990 | | |
Banco Latinoamericano de Comercio Exterior S.A. | | | | | 300 | | | | | | 6,276 | | |
Bancorp, Inc. (The)(a) | | | | | 600 | | | | | | 5,754 | | |
BancorpSouth Bank | | | | | 1,400 | | | | | | 45,780 | | |
Bank of America Corp. | | | | | 142,700 | | | | | | 4,203,942 | | |
Bank of Hawaii Corp. | | | | | 800 | | | | | | 63,128 | | |
Bank of Marin Bancorp | | | | | 100 | | | | | | 8,390 | | |
Bank of New York Mellon Corp. (The) | | | | | 14,000 | | | | | | 713,860 | | |
Bank of NT Butterfield & Son Ltd. (The) | | | | | 1,000 | | | | | | 51,860 | | |
Bank OZK | | | | | 1,800 | | | | | | 68,328 | | |
BankFinancial Corp. | | | | | 200 | | | | | | 3,188 | | |
BankUnited, Inc. | | | | | 1,700 | | | | | | 60,180 | | |
Bankwell Financial Group, Inc. | | | | | 100 | | | | | | 3,136 | | |
Banner Corp. | | | | | 400 | | | | | | 24,868 | | |
Bar Harbor Bankshares | | | | | 200 | | | | | | 5,744 | | |
BB&T Corp. | | | | | 11,900 | | | | | | 577,626 | | |
Beneficial Bancorp, Inc. | | | | | 800 | | | | | | 13,520 | | |
Berkshire Hathaway, Inc., Class B(a) | | | | | 42,835 | | | | | | 9,171,402 | | |
Berkshire Hills Bancorp, Inc. | | | | | 500 | | | | | | 20,350 | | |
BGC Partners, Inc., Class A | | | | | 3,700 | | | | | | 43,734 | | |
BlackRock, Inc. | | | | | 1,890 | | | | | | 890,814 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Blackstone Mortgage Trust, Inc., Class A | | | | | 1,500 | | | | | $ | 50,265 | | |
Blue Hills Bancorp, Inc. | | | | | 300 | | | | | | 7,230 | | |
BOK Financial Corp. | | | | | 300 | | | | | | 29,184 | | |
Boston Private Financial Holdings, Inc. | | | | | 1,000 | | | | | | 13,650 | | |
Bridge Bancorp, Inc. | | | | | 200 | | | | | | 6,640 | | |
Brighthouse Financial, Inc.(a) | | | | | 2,000 | | | | | | 88,480 | | |
BrightSphere Investment Group PLC | | | | | 900 | | | | | | 11,160 | | |
Brookline Bancorp, Inc. | | | | | 900 | | | | | | 15,030 | | |
Brown & Brown, Inc. | | | | | 3,300 | | | | | | 97,581 | | |
Bryn Mawr Bank Corp. | | | | | 200 | | | | | | 9,380 | | |
BSB Bancorp, Inc.(a) | | | | | 100 | | | | | | 3,260 | | |
Byline Bancorp, Inc.(a) | | | | | 200 | | | | | | 4,540 | | |
Cadence BanCorp | | | | | 1,100 | | | | | | 28,732 | | |
Camden National Corp. | | | | | 200 | | | | | | 8,688 | | |
Cannae Holdings, Inc.(a) | | | | | 700 | | | | | | 14,665 | | |
Capital One Financial Corp. | | | | | 7,400 | | | | | | 702,482 | | |
Capitol Federal Financial, Inc. | | | | | 1,500 | | | | | | 19,110 | | |
Capstead Mortgage Corp. | | | | | 1,100 | | | | | | 8,701 | | |
Carolina Financial Corp. | | | | | 200 | | | | | | 7,544 | | |
Cathay General Bancorp | | | | | 1,400 | | | | | | 58,016 | | |
Cboe Global Markets, Inc. | | | | | 1,800 | | | | | | 172,728 | | |
CBTX, Inc. | | | | | 600 | | | | | | 21,324 | | |
CenterState Bank Corp. | | | | | 1,200 | | | | | | 33,660 | | |
Central Pacific Financial Corp. | | | | | 300 | | | | | | 7,929 | | |
Charles Schwab Corp. (The) | | | | | 18,300 | | | | | | 899,445 | | |
Chemical Financial Corp. | | | | | 1,200 | | | | | | 64,080 | | |
Chimera Investment Corp. | | | | | 3,400 | | | | | | 61,642 | | |
Chubb Ltd. | | | | | 10,892 | | | | | | 1,455,607 | | |
Cincinnati Financial Corp. | | | | | 2,300 | | | | | | 176,663 | | |
CIT Group, Inc. | | | | | 1,800 | | | | | | 92,898 | | |
Citigroup, Inc. | | | | | 61,800 | | | | | | 4,433,532 | | |
Citizens Financial Group, Inc. | | | | | 7,200 | | | | | | 277,704 | | |
Citizens, Inc.(a) | | | | | 500 | | | | | | 4,200 | | |
City Holding Co. | | | | | 200 | | | | | | 15,360 | | |
CME Group, Inc. | | | | | 5,200 | | | | | | 885,092 | | |
CNA Financial Corp. | | | | | 300 | | | | | | 13,695 | | |
CNB Financial Corp. | | | | | 200 | | | | | | 5,772 | | |
CNO Financial Group, Inc. | | | | | 3,000 | | | | | | 63,660 | | |
CoBiz Financial, Inc. | | | | | 11,748 | | | | | | 260,101 | | |
Codorus Valley Bancorp, Inc. | | | | | 100 | | | | | | 3,124 | | |
Cohen & Steers, Inc. | | | | | 200 | | | | | | 8,122 | | |
Colony Credit Real Estate, Inc. | | | | | 1,200 | | | | | | 26,388 | | |
Columbia Banking System, Inc. | | | | | 1,400 | | | | | | 54,278 | | |
Columbia Financial, Inc.(a) | | | | | 700 | | | | | | 11,690 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Comerica, Inc. | | | | | 2,600 | | | | | $ | 234,520 | | |
Commerce Bancshares, Inc. | | | | | 5,300 | | | | | | 349,906 | | |
Community Bank System, Inc. | | | | | 1,000 | | | | | | 61,070 | | |
Community Trust Bancorp, Inc. | | | | | 200 | | | | | | 9,270 | | |
ConnectOne Bancorp, Inc. | | | | | 300 | | | | | | 7,125 | | |
Cowen, Inc.(a) | | | | | 300 | | | | | | 4,890 | | |
Credit Acceptance Corp.(a) | | | | | 200 | | | | | | 87,614 | | |
Cullen/Frost Bankers, Inc. | | | | | 4,000 | | | | | | 417,760 | | |
Customers Bancorp, Inc.(a) | | | | | 300 | | | | | | 7,059 | | |
CVB Financial Corp. | | | | | 2,300 | | | | | | 51,336 | | |
Diamond Hill Investment Group, Inc. | | | | | 100 | | | | | | 16,539 | | |
Dime Community Bancshares, Inc. | | | | | 400 | | | | | | 7,140 | | |
Discover Financial Services | | | | | 5,300 | | | | | | 405,185 | | |
Donnelley Financial Solutions, Inc.(a) | | | | | 400 | | | | | | 7,168 | | |
Dynex Capital, Inc. | | | | | 600 | | | | | | 3,828 | | |
E*TRADE Financial Corp.(a) | | | | | 4,000 | | | | | | 209,560 | | |
Eagle Bancorp, Inc.(a) | | | | | 400 | | | | | | 20,240 | | |
East West Bancorp, Inc. | | | | | 2,400 | | | | | | 144,888 | | |
Eaton Vance Corp. | | | | | 1,600 | | | | | | 84,096 | | |
eHealth, Inc.(a) | | | | | 200 | | | | | | 5,652 | | |
Employers Holdings, Inc. | | | | | 400 | | | | | | 18,120 | | |
Encore Capital Group, Inc.(a) | | | | | 300 | | | | | | 10,755 | | |
Enova International, Inc.(a) | | | | | 400 | | | | | | 11,520 | | |
Enstar Group Ltd.(a) | | | | | 200 | | | | | | 41,700 | | |
Enterprise Bancorp, Inc. | | | | | 100 | | | | | | 3,439 | | |
Enterprise Financial Services Corp. | | | | | 300 | | | | | | 15,915 | | |
Equity Bancshares, Inc., Class A(a) | | | | | 100 | | | | | | 3,926 | | |
Erie Indemnity Co., Class A | | | | | 300 | | | | | | 38,259 | | |
Essent Group Ltd.(a) | | | | | 1,600 | | | | | | 70,800 | | |
Evans Bancorp, Inc. | | | | | 100 | | | | | | 4,695 | | |
Evercore, Inc., Class A | | | | | 700 | | | | | | 70,385 | | |
Everest Re Group Ltd. | | | | | 5,897 | | | | | | 1,347,287 | | |
Exantas Capital Corp. | | | | | 300 | | | | | | 3,294 | | |
EZCORP, Inc., Class A(a) | | | | | 600 | | | | | | 6,420 | | |
FactSet Research Systems, Inc. | | | | | 600 | | | | | | 134,226 | | |
Farmers & Merchants Bancorp Inc/Archbold | | | | | 100 | | | | | | 4,259 | | |
Farmers National Banc Corp. | | | | | 300 | | | | | | 4,590 | | |
FB Financial Corp. | | | | | 100 | | | | | | 3,918 | | |
FBL Financial Group, Inc., Class A | | | | | 100 | | | | | | 7,525 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
FCB Financial Holdings, Inc., Class A(a) | | | | | 600 | | | | | $ | 28,440 | | |
Federal Agricultural Mortgage Corp., Class C | | | | | 100 | | | | | | 7,218 | | |
Federated Investors, Inc., Class B | | | | | 1,100 | | | | | | 26,532 | | |
FGL Holdings(a) | | | | | 2,000 | | | | | | 17,900 | | |
Fidelity Southern Corp. | | | | | 300 | | | | | | 7,434 | | |
Fifth Third Bancorp | | | | | 10,200 | | | | | | 284,784 | | |
Financial Institutions, Inc. | | | | | 200 | | | | | | 6,280 | | |
First American Financial Corp. | | | | | 1,500 | | | | | | 77,385 | | |
First BanCorp(a) | | | | | 2,200 | | | | | | 20,020 | | |
First Bancorp/Southern Pines | | | | | 300 | | | | | | 12,153 | | |
First Bancshares, Inc. (The) | | | | | 100 | | | | | | 3,905 | | |
First Busey Corp. | | | | | 500 | | | | | | 15,525 | | |
First Citizens BancShares, Inc., Class A | | | | | 100 | | | | | | 45,228 | | |
First Commonwealth Financial Corp. | | | | | 1,100 | | | | | | 17,754 | | |
First Community Bancshares, Inc. | | | | | 200 | | | | | | 6,776 | | |
First Connecticut Bancorp Inc/Farmington | | | | | 200 | | | | | | 5,910 | | |
First Defiance Financial Corp. | | | | | 200 | | | | | | 6,022 | | |
First Financial Bancorp | | | | | 1,800 | | | | | | 53,460 | | |
First Financial Bankshares, Inc. | | | | | 1,100 | | | | | | 65,010 | | |
First Financial Corp. | | | | | 100 | | | | | | 5,020 | | |
First Foundation, Inc.(a) | | | | | 300 | | | | | | 4,686 | | |
First Hawaiian, Inc. | | | | | 1,700 | | | | | | 46,172 | | |
First Horizon National Corp. | | | | | 4,500 | | | | | | 77,670 | | |
First Internet Bancorp | | | | | 100 | | | | | | 3,045 | | |
First Interstate BancSystem, Inc., Class A | | | | | 300 | | | | | | 13,440 | | |
First Merchants Corp. | | | | | 900 | | | | | | 40,491 | | |
First Mid-Illinois Bancshares, Inc. | | | | | 100 | | | | | | 4,033 | | |
First Midwest Bancorp, Inc. | | | | | 1,200 | | | | | | 31,908 | | |
First of Long Island Corp. (The) | | | | | 300 | | | | | | 6,525 | | |
First Republic Bank | | | | | 2,400 | | | | | | 230,400 | | |
FirstCash, Inc. | | | | | 700 | | | | | | 57,400 | | |
Flagstar Bancorp, Inc.(a) | | | | | 200 | | | | | | 6,294 | | |
Flushing Financial Corp. | | | | | 300 | | | | | | 7,320 | | |
FNB Corp. | | | | | 5,400 | | | | | | 68,688 | | |
FNF Group | | | | | 4,200 | | | | | | 165,270 | | |
Focus Financial Partners, Inc., Class A(a) | | | | | 600 | | | | | | 28,476 | | |
Franklin Financial Network, Inc.(a) | | | | | 100 | | | | | | 3,910 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Franklin Resources, Inc. | | | | | 5,000 | | | | | $ | 152,050 | | |
Fulton Financial Corp. | | | | | 3,300 | | | | | | 54,945 | | |
GAIN Capital Holdings, Inc. | | | | | 400 | | | | | | 2,600 | | |
Genworth Financial, Inc., Class A(a) | | | | | 5,800 | | | | | | 24,186 | | |
German American Bancorp, Inc. | | | | | 200 | | | | | | 7,056 | | |
Glacier Bancorp, Inc. | | | | | 1,200 | | | | | | 51,708 | | |
Global Indemnity Ltd. | | | | | 100 | | | | | | 3,770 | | |
Goldman Sachs Group, Inc. (The) | | | | | 5,400 | | | | | | 1,210,896 | | |
Granite Point Mortgage Trust, Inc. | | | | | 500 | | | | | | 9,640 | | |
Great Southern Bancorp, Inc. | | | | | 100 | | | | | | 5,535 | | |
Great Western Bancorp, Inc. | | | | | 700 | | | | | | 29,533 | | |
Green Bancorp, Inc. | | | | | 300 | | | | | | 6,630 | | |
Green Dot Corp., Class A(a) | | | | | 800 | | | | | | 71,056 | | |
Greenhill & Co., Inc. | | | | | 300 | | | | | | 7,905 | | |
Greenlight Capital Re Ltd., Class A(a) | | | | | 300 | | | | | | 3,720 | | |
Guaranty Bancorp | | | | | 300 | | | | | | 8,910 | | |
Guaranty Bancshares, Inc. | | | | | 100 | | | | | | 3,023 | | |
Hamilton Lane, Inc., Class A | | | | | 200 | | | | | | 8,856 | | |
Hancock Whitney Corp. | | | | | 1,500 | | | | | | 71,325 | | |
Hanmi Financial Corp. | | | | | 400 | | | | | | 9,960 | | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | | | | | 600 | | | | | | 12,882 | | |
Hanover Insurance Group, Inc. (The) | | | | | 700 | | | | | | 86,359 | | |
HarborOne Bancorp, Inc.(a) | | | | | 200 | | | | | | 3,824 | | |
Hartford Financial Services Group, Inc. (The) | | | | | 5,800 | | | | | | 289,768 | | |
HCI Group, Inc. | | | | | 100 | | | | | | 4,375 | | |
Health Insurance Innovations, Inc., Class A(a) | | | | | 100 | | | | | | 6,165 | | |
Heartland Financial USA, Inc. | | | | | 300 | | | | | | 17,415 | | |
Heritage Commerce Corp. | | | | | 400 | | | | | | 5,968 | | |
Heritage Financial Corp. | | | | | 300 | | | | | | 10,545 | | |
Heritage Insurance Holdings, Inc. | | | | | 200 | | | | | | 2,964 | | |
Hilltop Holdings, Inc. | | | | | 800 | | | | | | 16,136 | | |
Home Bancorp, Inc. | | | | | 100 | | | | | | 4,348 | | |
Home BancShares, Inc. | | | | | 3,000 | | | | | | 65,700 | | |
HomeStreet, Inc.(a) | | | | | 300 | | | | | | 7,950 | | |
HomeTrust Bancshares, Inc.(a) | | | | | 200 | | | | | | 5,830 | | |
Hope Bancorp, Inc. | | | | | 1,500 | | | | | | 24,255 | | |
Horace Mann Educators Corp. | | | | | 500 | | | | | | 22,450 | | |
Horizon Bancorp, Inc. | | | | | 450 | | | | | | 8,887 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Houlihan Lokey, Inc. | | | | | 300 | | | | | $ | 13,479 | | |
Huntington Bancshares, Inc. | | | | | 17,200 | | | | | | 256,624 | | |
IBERIABANK Corp. | | | | | 900 | | | | | | 73,215 | | |
Independence Holding Co. | | | | | 100 | | | | | | 3,590 | | |
Independent Bank Corp. | | | | | 600 | | | | | | 49,560 | | |
Independent Bank Corp. | | | | | 200 | | | | | | 4,730 | | |
Independent Bank Group, Inc. | | | | | 200 | | | | | | 13,260 | | |
Interactive Brokers Group, Inc., Class A | | | | | 1,100 | | | | | | 60,841 | | |
Intercontinental Exchange, Inc. | | | | | 8,700 | | | | | | 651,543 | | |
International Bancshares Corp. | | | | | 1,100 | | | | | | 49,500 | | |
INTL. FCStone, Inc.(a) | | | | | 200 | | | | | | 9,664 | | |
Invesco Ltd. | | | | | 6,400 | | | | | | 146,432 | | |
Invesco Mortgage Capital, Inc. | | | | | 1,300 | | | | | | 20,566 | | |
Investment Technology Group, Inc. | | | | | 400 | | | | | | 8,664 | | |
Investors Bancorp, Inc. | | | | | 4,900 | | | | | | 60,123 | | |
James River Group Holdings Ltd. | | | | | 300 | | | | | | 12,786 | | |
Jefferies Financial Group, Inc. | | | | | 4,300 | | | | | | 94,428 | | |
JPMorgan Chase & Co. | | | | | 51,200 | | | | | | 5,777,408 | | |
Kearny Financial Corp. | | | | | 1,200 | | | | | | 16,620 | | |
Kemper Corp. | | | | | 923 | | | | | | 74,255 | | |
KeyCorp | | | | | 15,700 | | | | | | 312,273 | | |
Kinsale Capital Group, Inc. | | | | | 200 | | | | | | 12,772 | | |
KKR Real Estate Finance Trust, Inc. | | | | | 200 | | | | | | 4,034 | | |
Ladder Capital Corp. | | | | | 900 | | | | | | 15,246 | | |
Ladenburg Thalmann Financial Services, Inc. | | | | | 1,200 | | | | | | 3,240 | | |
Lakeland Bancorp, Inc. | | | | | 500 | | | | | | 9,025 | | |
Lakeland Financial Corp. | | | | | 300 | | | | | | 13,944 | | |
Lazard Ltd., Class A | | | | | 1,900 | | | | | | 91,447 | | |
LegacyTexas Financial Group, Inc. | | | | | 1,100 | | | | | | 46,860 | | |
Legg Mason, Inc. | | | | | 1,000 | | | | | | 31,230 | | |
LendingClub Corp.(a) | | | | | 3,700 | | | | | | 14,356 | | |
LendingTree, Inc.(a) | | | | | 100 | | | | | | 23,010 | | |
Lincoln National Corp. | | | | | 3,300 | | | | | | 223,278 | | |
Live Oak Bancshares, Inc. | | | | | 300 | | | | | | 8,040 | | |
Loews Corp. | | | | | 4,100 | | | | | | 205,943 | | |
LPL Financial Holdings, Inc. | | | | | 1,300 | | | | | | 83,863 | | |
M&T Bank Corp. | | | | | 2,200 | | | | | | 361,988 | | |
Macatawa Bank Corp. | | | | | 300 | | | | | | 3,513 | | |
Maiden Holdings Ltd. | | | | | 800 | | | | | | 2,280 | | |
Markel Corp.(a) | | | | | 200 | | | | | | 237,698 | | |
MarketAxess Holdings, Inc. | | | | | 600 | | | | | | 107,094 | | |
Marsh & McLennan Cos., Inc. | | | | | 7,900 | | | | | | 653,488 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
MB Financial, Inc. | | | | | 1,300 | | | | | $ | 59,943 | | |
MBIA, Inc.(a) | | | | | 1,000 | | | | | | 10,690 | | |
Mercantile Bank Corp. | | | | | 200 | | | | | | 6,674 | | |
Mercury General Corp. | | | | | 300 | | | | | | 15,048 | | |
Meridian Bancorp, Inc. | | | | | 500 | | | | | | 8,500 | | |
Meta Financial Group, Inc. | | | | | 100 | | | | | | 8,265 | | |
MetLife, Inc. | | | | | 53,676 | | | | | | 2,507,743 | | |
MFA Financial, Inc. | | | | | 7,000 | | | | | | 51,450 | | |
MGIC Investment Corp.(a) | | | | | 6,300 | | | | | | 83,853 | | |
Midland States Bancorp, Inc. | | | | | 200 | | | | | | 6,420 | | |
MidWestOne Financial Group, Inc. | | | | | 100 | | | | | | 3,331 | | |
Moelis & Co., Class A | | | | | 900 | | | | | | 49,320 | | |
Moody’s Corp. | | | | | 9,675 | | | | | | 1,617,660 | | |
Morgan Stanley | | | | | 19,000 | | | | | | 884,830 | | |
Morningstar, Inc. | | | | | 1,350 | | | | | | 169,965 | | |
MSCI, Inc. | | | | | 1,400 | | | | | | 248,374 | | |
MutualFirst Financial, Inc. | | | | | 100 | | | | | | 3,685 | | |
Nasdaq, Inc. | | | | | 1,700 | | | | | | 145,860 | | |
National Bank Holdings Corp., Class A | | | | | 300 | | | | | | 11,295 | | |
National Bankshares, Inc. | | | | | 100 | | | | | | 4,545 | | |
National Commerce Corp.(a) | | | | | 100 | | | | | | 4,130 | | |
National General Holdings Corp. | | | | | 600 | | | | | | 16,104 | | |
National Western Life Group, Inc., Class A | | | | | 100 | | | | | | 31,920 | | |
Navient Corp. | | | | | 5,000 | | | | | | 67,400 | | |
Navigators Group, Inc. (The) | | | | | 200 | | | | | | 13,820 | | |
NBT Bancorp, Inc. | | | | | 500 | | | | | | 19,190 | | |
Nelnet, Inc., Class A | | | | | 200 | | | | | | 11,434 | | |
New Residential Investment Corp. | | | | | 4,800 | | | | | | 85,536 | | |
New York Community Bancorp, Inc. | | | | | 6,800 | | | | | | 70,516 | | |
New York Mortgage Trust, Inc. | | | | | 1,300 | | | | | | 7,904 | | |
Nicolet Bankshares, Inc.(a) | | | | | 100 | | | | | | 5,451 | | |
NMI Holdings, Inc., Class A(a) | | | | | 700 | | | | | | 15,855 | | |
Northern Trust Corp. | | | | | 17,038 | | | | | | 1,740,091 | | |
Northfield Bancorp, Inc. | | | | | 500 | | | | | | 7,960 | | |
Northrim BanCorp, Inc. | | | | | 100 | | | | | | 4,155 | | |
Northwest Bancshares, Inc. | | | | | 1,100 | | | | | | 19,052 | | |
Norwood Financial Corp. | | | | | 100 | | | | | | 3,916 | | |
OceanFirst Financial Corp. | | | | | 500 | | | | | | 13,610 | | |
Ocwen Financial Corp.(a) | | | | | 1,200 | | | | | | 4,728 | | |
OFG Bancorp | | | | | 500 | | | | | | 8,075 | | |
Old Line Bancshares, Inc. | | | | | 100 | | | | | | 3,164 | | |
Old National Bancorp | | | | | 2,100 | | | | | | 40,530 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Old Republic International Corp. | | | | | 4,800 | | | | | $ | 107,424 | | |
Old Second Bancorp, Inc. | | | | | 300 | | | | | | 4,635 | | |
On Deck Capital, Inc.(a) | | | | | 600 | | | | | | 4,542 | | |
OneMain Holdings, Inc.(a) | | | | | 1,400 | | | | | | 47,054 | | |
Opus Bank | | | | | 200 | | | | | | 5,480 | | |
Orchid Island Capital, Inc. | | | | | 600 | | | | | | 4,350 | | |
Origin Bancorp, Inc. | | | | | 600 | | | | | | 22,590 | | |
Oritani Financial Corp. | | | | | 500 | | | | | | 7,775 | | |
Pacific Premier Bancorp, Inc.(a) | | | | | 1,000 | | | | | | 37,200 | | |
PacWest Bancorp | | | | | 1,900 | | | | | | 90,535 | | |
Park National Corp. | | | | | 200 | | | | | | 21,112 | | |
PCSB Financial Corp. | | | | | 200 | | | | | | 4,068 | | |
Peapack Gladstone Financial Corp. | | | | | 200 | | | | | | 6,178 | | |
Penns Woods Bancorp, Inc. | | | | | 100 | | | | | | 4,345 | | |
PennyMac Financial Services, Inc., Class A(a) | | | | | 200 | | | | | | 4,180 | | |
PennyMac Mortgage Investment Trust | | | | | 700 | | | | | | 14,168 | | |
People’s United Financial, Inc. | | | | | 4,900 | | | | | | 83,888 | | |
People’s Utah Bancorp | | | | | 200 | | | | | | 6,790 | | |
Peoples Bancorp of North Carolina, Inc. | | | | | 100 | | | | | | 2,884 | | |
Peoples Bancorp, Inc. | | | | | 200 | | | | | | 7,006 | | |
Peoples Financial Services Corp. | | | | | 100 | | | | | | 4,240 | | |
PHH Corp.(a) | | | | | 400 | | | | | | 4,396 | | |
Pinnacle Financial Partners, Inc. | | | | | 1,000 | | | | | | 60,150 | | |
Piper Jaffray Cos. | | | | | 200 | | | | | | 15,270 | | |
PJT Partners, Inc., Class A | | | | | 200 | | | | | | 10,470 | | |
PNC Financial Services Group, Inc. (The) | | | | | 7,200 | | | | | | 980,568 | | |
Popular, Inc. | | | | | 1,700 | | | | | | 87,125 | | |
PRA Group, Inc.(a) | | | | | 500 | | | | | | 18,000 | | |
Preferred Bank | | | | | 200 | | | | | | 11,700 | | |
Primerica, Inc. | | | | | 700 | | | | | | 84,385 | | |
Principal Financial Group, Inc. | | | | | 4,500 | | | | | | 263,655 | | |
ProAssurance Corp. | | | | | 600 | | | | | | 28,170 | | |
Progressive Corp. (The) | | | | | 8,900 | | | | | | 632,256 | | |
Prosperity Bancshares, Inc. | | | | | 5,100 | | | | | | 353,685 | | |
Provident Financial Services, Inc. | | | | | 700 | | | | | | 17,185 | | |
Prudential Financial, Inc. | | | | | 6,400 | | | | | | 648,448 | | |
QCR Holdings, Inc. | | | | | 100 | | | | | | 4,085 | | |
Radian Group, Inc. | | | | | 4,100 | | | | | | 84,747 | | |
Raymond James Financial, Inc. | | | | | 2,000 | | | | | | 184,100 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Ready Capital Corp. | | | | | 200 | | | | | $ | 3,330 | | |
Redwood Trust, Inc. | | | | | 900 | | | | | | 14,616 | | |
Regional Management Corp.(a) | | | | | 100 | | | | | | 2,883 | | |
Regions Financial Corp. | | | | | 16,700 | | | | | | 306,445 | | |
Reinsurance Group of America, Inc. | | | | | 14,103 | | | | | | 2,038,730 | | |
RenaissanceRe Holdings Ltd. | | | | | 700 | | | | | | 93,506 | | |
Renasant Corp. | | | | | 1,000 | | | | | | 41,210 | | |
Republic Bancorp, Inc., Class A | | | | | 100 | | | | | | 4,610 | | |
Republic First Bancorp, Inc.(a) | | | | | 600 | | | | | | 4,290 | | |
RLI Corp. | | | | | 800 | | | | | | 62,864 | | |
S&P Global, Inc. | | | | | 3,800 | | | | | | 742,482 | | |
S&T Bancorp, Inc. | | | | | 400 | | | | | | 17,344 | | |
Safety Insurance Group, Inc. | | | | | 200 | | | | | | 17,920 | | |
Sandy Spring Bancorp, Inc. | | | | | 400 | | | | | | 15,724 | | |
Santander Consumer USA Holdings, Inc. | | | | | 1,700 | | | | | | 34,068 | | |
Seacoast Banking Corp. of Florida(a) | | | | | 500 | | | | | | 14,600 | | |
SEI Investments Co. | | | | | 2,200 | | | | | | 134,420 | | |
Selective Insurance Group, Inc. | | | | | 1,100 | | | | | | 69,850 | | |
ServisFirst Bancshares, Inc. | | | | | 500 | | | | | | 19,575 | | |
Sierra Bancorp | | | | | 200 | | | | | | 5,780 | | |
Signature Bank(a) | | | | | 900 | | | | | | 103,356 | | |
Simmons First National Corp., Class A | | | | | 1,300 | | | | | | 38,285 | | |
SLM Corp.(a) | | | | | 7,100 | | | | | | 79,165 | | |
South State Corp. | | | | | 700 | | | | | | 57,400 | | |
Southern First Bancshares, Inc.(a) | | | | | 100 | | | | | | 3,930 | | |
Southern Missouri Bancorp, Inc. | | | | | 100 | | | | | | 3,727 | | |
Southern National Bancorp of Virginia, Inc. | | | | | 200 | | | | | | 3,240 | | |
Southside Bancshares, Inc. | | | | | 300 | | | | | | 10,440 | | |
Starwood Property Trust, Inc. | | | | | 3,700 | | | | | | 79,624 | | |
State Auto Financial Corp. | | | | | 200 | | | | | | 6,108 | | |
State Bank Financial Corp. | | | | | 400 | | | | | | 12,072 | | |
State Street Corp. | | | | | 5,800 | | | | | | 485,924 | | |
Sterling Bancorp | | | | | 3,100 | | | | | | 68,200 | | |
Stewart Information Services Corp. | | | | | 200 | | | | | | 9,002 | | |
Stifel Financial Corp. | | | | | 1,000 | | | | | | 51,260 | | |
Stock Yards Bancorp, Inc. | | | | | 200 | | | | | | 7,260 | | |
SunTrust Banks, Inc. | | | | | 7,100 | | | | | | 474,209 | | |
SVB Financial Group(a) | | | | | 1,180 | | | | | | 366,779 | | |
Synchrony Financial | | | | | 11,300 | | | | | | 351,204 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Synovus Financial Corp. | | | | | 1,800 | | | | | $ | 82,422 | | |
T Rowe Price Group, Inc. | | | | | 3,700 | | | | | | 403,966 | | |
TCF Financial Corp. | | | | | 2,700 | | | | | | 64,287 | | |
TD Ameritrade Holding Corp. | | | | | 4,400 | | | | | | 232,452 | | |
Territorial Bancorp, Inc. | | | | | 100 | | | | | | 2,955 | | |
Texas Capital Bancshares, Inc.(a) | | | | | 900 | | | | | | 74,385 | | |
TFS Financial Corp. | | | | | 600 | | | | | | 9,006 | | |
Third Point Reinsurance Ltd.(a) | | | | | 1,100 | | | | | | 14,300 | | |
Timberland Bancorp, Inc. | | | | | 100 | | | | | | 3,124 | | |
Tompkins Financial Corp. | | | | | 200 | | | | | | 16,238 | | |
Torchmark Corp. | | | | | 1,800 | | | | | | 156,042 | | |
Towne Bank | | | | | 700 | | | | | | 21,595 | | |
TPG RE Finance Trust, Inc. | | | | | 200 | | | | | | 4,004 | | |
Travelers Cos., Inc. (The) | | | | | 20,733 | | | | | | 2,689,277 | | |
TriCo Bancshares | | | | | 298 | | | | | | 11,509 | | |
TriState Capital Holdings, Inc.(a) | | | | | 300 | | | | | | 8,280 | | |
Triumph Bancorp, Inc.(a) | | | | | 200 | | | | | | 7,640 | | |
Trupanion, Inc.(a) | | | | | 300 | | | | | | 10,719 | | |
TrustCo Bank Corp. | | | | | 1,100 | | | | | | 9,350 | | |
Trustmark Corp. | | | | | 800 | | | | | | 26,920 | | |
Two Harbors Investment Corp. | | | | | 4,242 | | | | | | 63,333 | | |
UMB Financial Corp. | | | | | 23,932 | | | | | | 1,696,779 | | |
Umpqua Holdings Corp. | | | | | 3,200 | | | | | | 66,560 | | |
Union Bankshares Corp. | | | | | 900 | | | | | | 34,677 | | |
United Bankshares, Inc. | | | | | 1,700 | | | | | | 61,795 | | |
United Community Banks, Inc. | | | | | 1,100 | | | | | | 30,679 | | |
United Community Financial Corp. | | | | | 600 | | | | | | 5,802 | | |
United Financial Bancorp, Inc. | | | | | 600 | | | | | | 10,098 | | |
United Fire Group, Inc. | | | | | 200 | | | �� | | | 10,154 | | |
United Insurance Holdings Corp. | | | | | 200 | | | | | | 4,476 | | |
Universal Insurance Holdings, Inc. | | | | | 400 | | | | | | 19,420 | | |
Univest Corp. of Pennsylvania | | | | | 300 | | | | | | 7,935 | | |
Unum Group | | | | | 55,442 | | | | | | 2,166,119 | | |
US Bancorp | | | | | 23,700 | | | | | | 1,251,597 | | |
Valley National Bancorp | | | | | 4,600 | | | | | | 51,750 | | |
Veritex Holdings, Inc.(a) | | | | | 200 | | | | | | 5,652 | | |
Virtu Financial, Inc., Class A | | | | | 400 | | | | | | 8,180 | | |
Virtus Investment Partners, Inc. | | | | | 100 | | | | | | 11,375 | | |
Voya Financial, Inc. | | | | | 2,400 | | | | | | 119,208 | | |
Waddell & Reed Financial, Inc., Class A | | | | | 900 | | | | | | 19,062 | | |
Walker & Dunlop, Inc. | | | | | 300 | | | | | | 15,864 | | |
Washington Federal, Inc. | | | | | 1,000 | | | | | | 32,000 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Washington Trust Bancorp, Inc. | | | | | 200 | | | | | $ | 11,060 | | |
Waterstone Financial, Inc. | | | | | 300 | | | | | | 5,145 | | |
Webster Financial Corp. | | | | | 1,500 | | | | | | 88,440 | | |
Wells Fargo & Co. | | | | | 66,700 | | | | | | 3,505,752 | | |
WesBanco, Inc. | | | | | 605 | | | | | | 26,971 | | |
West Bancorp, Inc. | | | | | 200 | | | | | | 4,700 | | |
Westamerica Bancorp | | | | | 300 | | | | | | 18,048 | | |
Western Alliance Bancorp(a) | | | | | 1,400 | | | | | | 79,646 | | |
Western Asset Mortgage Capital Corp. | | | | | 500 | | | | | | 5,010 | | |
Western New England Bancorp, Inc. | | | | | 300 | | | | | | 3,240 | | |
Westwood Holdings Group, Inc. | | | | | 100 | | | | | | 5,174 | | |
White Mountains Insurance Group Ltd. | | | | | 1,501 | | | | | | 1,404,741 | | |
Willis Towers Watson PLC | | | | | 2,100 | | | | | | 295,974 | | |
Wintrust Financial Corp. | | | | | 800 | | | | | | 67,952 | | |
WisdomTree Investments, Inc. | | | | | 1,300 | | | | | | 11,024 | | |
WMIH Corp.(a) | | | | | 6,033 | | | | | | 8,386 | | |
World Acceptance Corp.(a) | | | | | 100 | | | | | | 11,436 | | |
WR Berkley Corp. | | | | | 8,398 | | | | | | 671,252 | | |
WSFS Financial Corp. | | | | | 300 | | | | | | 14,145 | | |
Zions Bancorp | | | | | 3,100 | | | | | | 155,465 | | |
Total Financials | | | | | | | | | | | 86,738,148 | | |
HEALTH CARE – 15.3% | | ||||||||||||
Abbott Laboratories | | | | | 42,549 | | | | | | 3,121,395 | | |
AbbVie, Inc. | | | | | 23,300 | | | | | | 2,203,714 | | |
Abeona Therapeutics, Inc.(a) | | | | | 300 | | | | | | 3,840 | | |
ABIOMED, Inc.(a) | | | | | 670 | | | | | | 301,333 | | |
Acadia Healthcare Co., Inc.(a) | | | | | 1,500 | | | | | | 52,800 | | |
ACADIA Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | | 22,836 | | |
Accelerate Diagnostics, Inc.(a) | | | | | 300 | | | | | | 6,885 | | |
Acceleron Pharma, Inc.(a) | | | | | 800 | | | | | | 45,784 | | |
Accuray, Inc.(a) | | | | | 1,000 | | | | | | 4,500 | | |
Achaogen, Inc.(a) | | | | | 400 | | | | | | 1,596 | | |
Achillion Pharmaceuticals, Inc.(a) | | | | | 1,600 | | | | | | 5,888 | | |
Aclaris Therapeutics, Inc.(a) | | | | | 300 | | | | | | 4,356 | | |
Acorda Therapeutics, Inc.(a) | | | | | 500 | | | | | | 9,825 | | |
Adamas Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 4,004 | | |
Addus HomeCare Corp.(a) | | | | | 100 | | | | | | 7,015 | | |
Aduro Biotech, Inc.(a) | | | | | 500 | | | | | | 3,675 | | |
Aerie Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 24,620 | | |
Aetna, Inc. | | | | | 4,900 | | | | | | 993,965 | | |
Agenus, Inc.(a) | | | | | 900 | | | | | | 1,926 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Agilent Technologies, Inc. | | | | | 5,000 | | | | | $ | 352,700 | | |
Agios Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 69,408 | | |
Aimmune Therapeutics, Inc.(a) | | | | | 400 | | | | | | 10,912 | | |
Akcea Therapeutics, Inc.(a) | | | | | 200 | | | | | | 7,004 | | |
Akebia Therapeutics, Inc.(a) | | | | | 500 | | | | | | 4,415 | | |
Akorn, Inc.(a) | | | | | 1,000 | | | | | | 12,980 | | |
Alder Biopharmaceuticals, Inc.(a) | | | | | 700 | | | | | | 11,655 | | |
Alexion Pharmaceuticals, Inc.(a) | | | | | 3,300 | | | | | | 458,733 | | |
Align Technology, Inc.(a) | | | | | 1,200 | | | | | | 469,464 | | |
Alkermes PLC(a) | | | | | 2,300 | | | | | | 97,612 | | |
Allergan PLC | | | | | 5,200 | | | | | | 990,496 | | |
Allscripts Healthcare Solutions, Inc.(a) | | | | | 2,100 | | | | | | 29,925 | | |
Alnylam Pharmaceuticals, Inc.(a) | | | | | 1,400 | | | | | | 122,528 | | |
AMAG Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 8,000 | | |
Amedisys, Inc.(a) | | | | | 500 | | | | | | 62,480 | | |
AmerisourceBergen Corp. | | | | | 2,400 | | | | | | 221,328 | | |
Amgen, Inc. | | | | | 10,000 | | | | | | 2,072,900 | | |
Amicus Therapeutics, Inc.(a) | | | | | 3,300 | | | | | | 39,897 | | |
AMN Healthcare Services, Inc.(a) | | | | | 900 | | | | | | 49,230 | | |
Amneal Pharmaceuticals, Inc.(a) | | | | | 1,900 | | | | | | 42,161 | | |
Amphastar Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 7,696 | | |
AnaptysBio, Inc.(a) | | | | | 200 | | | | | | 19,954 | | |
AngioDynamics, Inc.(a) | | | | | 400 | | | | | | 8,696 | | |
ANI Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 5,654 | | |
Anika Therapeutics, Inc.(a) | | | | | 200 | | | | | | 8,436 | | |
Antares Pharma, Inc.(a) | | | | | 1,600 | | | | | | 5,376 | | |
Anthem, Inc. | | | | | 4,000 | | | | | | 1,096,200 | | |
Apellis Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 8,890 | | |
Arena Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | | 50,622 | | |
Array BioPharma, Inc.(a) | | | | | 3,700 | | | | | | 56,240 | | |
Arrowhead Pharmaceuticals, Inc.(a) | | | | | 1,200 | | | | | | 23,004 | | |
Assembly Biosciences, Inc.(a) | | | | | 200 | | | | | | 7,428 | | |
Assertio Therapeutics, Inc.(a) | | | | | 700 | | | | | | 4,116 | | |
Atara Biotherapeutics, Inc.(a) | | | | | 900 | | | | | | 37,215 | | |
athenahealth, Inc.(a) | | | | | 700 | | | | | | 93,520 | | |
Athenex, Inc.(a) | | | | | 600 | | | | | | 9,324 | | |
AtriCure, Inc.(a) | | | | | 400 | | | | | | 14,012 | | |
Atrion Corp. | | | | | 30 | | | | | | 20,844 | | |
Audentes Therapeutics, Inc.(a) | | | | | 700 | | | | | | 27,713 | | |
Avanos Medical, Inc.(a) | | | | | 900 | | | | | | 61,650 | | |
AxoGen, Inc.(a) | | | | | 300 | | | | | | 11,055 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Baxter International, Inc. | | | | | 7,800 | | | | | $ | 601,302 | | |
Becton Dickinson and Co. | | | | | 6,087 | | | | | | 1,588,707 | | |
Bio-Rad Laboratories, Inc., Class A(a) | | | | | 300 | | | | | | 93,897 | | |
Bio-Techne Corp. | | | | | 2,600 | | | | | | 530,686 | | |
BioCryst Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | | 8,393 | | |
Biogen, Inc.(a) | | | | | 3,100 | | | | | | 1,095,261 | | |
Biohaven Pharmaceutical Holding Co., Ltd.(a) | | | | | 400 | | | | | | 15,020 | | |
BioMarin Pharmaceutical, Inc.(a) | | | | | 2,600 | | | | | | 252,122 | | |
BioScrip, Inc.(a) | | | | | 1,300 | | | | | | 4,030 | | |
BioSpecifics Technologies Corp.(a) | | | | | 100 | | | | | | 5,849 | | |
BioTelemetry, Inc.(a) | | | | | 400 | | | | | | 25,780 | | |
Bluebird Bio, Inc.(a) | | | | | 800 | | | | | | 116,800 | | |
Blueprint Medicines Corp.(a) | | | | | 500 | | | | | | 39,030 | | |
Boston Scientific Corp.(a) | | | | | 21,300 | | | | | | 820,050 | | |
Bristol-Myers Squibb Co. | | | | | 25,100 | | | | | | 1,558,208 | | |
Brookdale Senior Living, Inc.(a) | | | | | 2,100 | | | | | | 20,643 | | |
Bruker Corp. | | | | | 1,800 | | | | | | 60,210 | | |
Cambrex Corp.(a) | | | | | 400 | | | | | | 27,360 | | |
Cantel Medical Corp. | | | | | 500 | | | | | | 46,030 | | |
Capital Senior Living Corp.(a) | | | | | 300 | | | | | | 2,832 | | |
Cara Therapeutics, Inc.(a) | | | | | 300 | | | | | | 7,185 | | |
Cardinal Health, Inc. | | | | | 4,700 | | | | | | 253,800 | | |
Cardiovascular Systems, Inc.(a) | | | | | 400 | | | | | | 15,656 | | |
CareDx, Inc.(a) | | | | | 1,100 | | | | | | 31,735 | | |
Catalent, Inc.(a) | | | | | 10,500 | | | | | | 478,275 | | |
Catalyst Pharmaceuticals, Inc.(a) | | | | | 1,000 | | | | | | 3,780 | | |
Celgene Corp.(a) | | | | | 11,000 | | | | | | 984,390 | | |
Centene Corp.(a) | | | | | 3,100 | | | | | | 448,818 | | |
Cerner Corp.(a) | | | | | 30,312 | | | | | | 1,952,396 | | |
Cerus Corp.(a) | | | | | 1,500 | | | | | | 10,815 | | |
Charles River Laboratories International, Inc.(a) | | | | | 700 | | | | | | 94,178 | | |
Chemed Corp. | | | | | 300 | | | | | | 95,874 | | |
ChemoCentryx, Inc.(a) | | | | | 300 | | | | | | 3,792 | | |
Cigna Corp. | | | | | 3,600 | | | | | | 749,700 | | |
Clovis Oncology, Inc.(a) | | | | | 500 | | | | | | 14,685 | | |
Codexis, Inc.(a) | | | | | 500 | | | | | | 8,575 | | |
Coherus Biosciences, Inc.(a) | | | | | 500 | | | | | | 8,250 | | |
Collegium Pharmaceutical, Inc.(a) | | | | | 300 | | | | | | 4,422 | | |
Community Health Systems, Inc.(a) | | | | | 1,100 | | | | | | 3,806 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Computer Programs & Systems, Inc. | | | | | 100 | | | | | $ | 2,685 | | |
Concert Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 2,968 | | |
CONMED Corp. | | | | | 300 | | | | | | 23,766 | | |
Cooper Cos., Inc. (The) | | | | | 2,350 | | | | | | 651,302 | | |
Corbus Pharmaceuticals Holdings, Inc.(a) | | | | | 600 | | | | | | 4,530 | | |
Corcept Therapeutics, Inc.(a) | | | | | 1,000 | | | | | | 14,020 | | |
CorVel Corp.(a) | | | | | 100 | | | | | | 6,025 | | |
Cross Country Healthcare, Inc.(a) | | | | | 400 | | | | | | 3,492 | | |
CryoLife, Inc.(a) | | | | | 400 | | | | | | 14,080 | | |
Cutera, Inc.(a) | | | | | 200 | | | | | | 6,510 | | |
CVS Health Corp. | | | | | 15,400 | | | | | | 1,212,288 | | |
Cymabay Therapeutics, Inc.(a) | | | | | 800 | | | | | | 8,864 | | |
Cytokinetics, Inc.(a) | | | | | 500 | | | | | | 4,925 | | |
CytomX Therapeutics, Inc.(a) | | | | | 300 | | | | | | 5,550 | | |
Danaher Corp. | | | | | 9,400 | | | | | | 1,021,404 | | |
DaVita, Inc.(a) | | | | | 2,200 | | | | | | 157,586 | | |
Denali Therapeutics, Inc.(a) | | | | | 1,300 | | | | | | 28,262 | | |
DENTSPLY SIRONA, Inc. | | | | | 83,528 | | | | | | 3,152,347 | | |
Dermira, Inc.(a) | | | | | 400 | | | | | | 4,360 | | |
DexCom, Inc.(a) | | | | | 1,400 | | | | | | 200,256 | | |
Dicerna Pharmaceuticals, Inc.(a) | | | | | 1,500 | | | | | | 22,890 | | |
Diplomat Pharmacy, Inc.(a) | | | | | 600 | | | | | | 11,646 | | |
Dynavax Technologies Corp.(a) | | | | | 700 | | | | | | 8,680 | | |
Eagle Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 6,933 | | |
Editas Medicine, Inc.(a) | | | | | 400 | | | | | | 12,728 | | |
Edwards Lifesciences Corp.(a) | | | | | 5,350 | | | | | | 931,435 | | |
Eli Lilly & Co. | | | | | 14,600 | | | | | | 1,566,726 | | |
Emergent BioSolutions, Inc.(a) | | | | | 600 | | | | | | 39,498 | | |
Enanta Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 17,092 | | |
Encompass Health Corp. | | | | | 1,600 | | | | | | 124,720 | | |
Endo International PLC(a) | | | | | 4,200 | | | | | | 70,686 | | |
Endocyte, Inc.(a) | | | | | 900 | | | | | | 15,984 | | |
Endologix, Inc.(a) | | | | | 900 | | | | | | 1,719 | | |
Ensign Group, Inc. (The) | | | | | 600 | | | | | | 22,752 | | |
Envision Healthcare Corp.(a) | | | | | 2,000 | | | | | | 91,460 | | |
Enzo Biochem, Inc.(a) | | | | | 500 | | | | | | 2,060 | | |
Epizyme, Inc.(a) | | | | | 600 | | | | | | 6,360 | | |
Esperion Therapeutics, Inc.(a) | | | | | 200 | | | | | | 8,874 | | |
Evolent Health, Inc., Class A(a) | | | | | 700 | | | | | | 19,880 | | |
Exact Sciences Corp.(a) | | | | | 2,000 | | | | | | 157,840 | | |
Exelixis, Inc.(a) | | | | | 4,100 | | | | | | 72,652 | | |
Express Scripts Holding Co.(a) | | | | | 8,700 | | | | | | 826,587 | | |
Fate Therapeutics, Inc.(a) | | | | | 600 | | | | | | 9,774 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
FibroGen, Inc.(a) | | | | | 1,200 | | | | | $ | 72,900 | | |
Five Prime Therapeutics, Inc.(a) | | | | | 400 | | | | | | 5,568 | | |
Flexion Therapeutics, Inc.(a) | | | | | 400 | | | | | | 7,484 | | |
G1 Therapeutics, Inc.(a) | | | | | 200 | | | | | | 10,458 | | |
GenMark Diagnostics, Inc.(a) | | | | | 600 | | | | | | 4,410 | | |
Genomic Health, Inc.(a) | | | | | 200 | | | | | | 14,044 | | |
Geron Corp.(a) | | | | | 1,700 | | | | | | 2,992 | | |
Gilead Sciences, Inc. | | | | | 20,000 | | | | | | 1,544,200 | | |
Glaukos Corp.(a) | | | | | 700 | | | | | | 45,430 | | |
Global Blood Therapeutics, Inc.(a) | | | | | 700 | | | | | | 26,600 | | |
Globus Medical, Inc., Class A(a) | | | | | 6,359 | | | | | | 360,937 | | |
Grifols S.A., ADR | | | | | 71,075 | | | | | | 1,518,873 | | |
Haemonetics Corp.(a) | | | | | 800 | | | | | | 91,664 | | |
Halozyme Therapeutics, Inc.(a) | | | | | 1,400 | | | | | | 25,438 | | |
HCA Healthcare, Inc. | | | | | 4,300 | | | | | | 598,216 | | |
HealthEquity, Inc.(a) | | | | | 900 | | | | | | 84,969 | | |
HealthStream, Inc. | | | | | 300 | | | | | | 9,303 | | |
Henry Schein, Inc.(a) | | | | | 4,950 | | | | | | 420,898 | | |
Heron Therapeutics, Inc.(a) | | | | | 1,200 | | | | | | 37,980 | | |
Heska Corp.(a) | | | | | 100 | | | | | | 11,331 | | |
Hill-Rom Holdings, Inc. | | | | | 1,100 | | | | | | 103,840 | | |
HMS Holdings Corp.(a) | | | | | 1,000 | | | | | | 32,810 | | |
Hologic, Inc.(a) | | | | | 4,200 | | | | | | 172,116 | | |
Horizon Pharma PLC(a) | | | | | 3,100 | | | | | | 60,698 | | |
Humana, Inc. | | | | | 2,130 | | | | | | 721,048 | | |
ICU Medical, Inc.(a) | | | | | 300 | | | | | | 84,825 | | |
Idera Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 1,782 | | |
IDEXX Laboratories, Inc.(a) | | | | | 1,300 | | | | | | 324,558 | | |
Illumina, Inc.(a) | | | | | 2,280 | | | | | | 836,897 | | |
ImmunoGen, Inc.(a) | | | | | 3,600 | | | | | | 34,092 | | |
Immunomedics, Inc.(a) | | | | | 1,900 | | | | | | 39,577 | | |
Incyte Corp.(a) | | | | | 2,600 | | | | | | 179,608 | | |
Innoviva, Inc.(a) | | | | | 900 | | | | | | 13,716 | | |
Inogen, Inc.(a) | | | | | 300 | | | | | | 73,236 | | |
Inovalon Holdings, Inc., Class A(a) | | | | | 700 | | | | | | 7,035 | | |
Inovio Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 5,004 | | |
Insmed, Inc.(a) | | | | | 900 | | | | | | 18,198 | | |
Insulet Corp.(a) | | | | | 900 | | | | | | 95,355 | | |
Integer Holdings Corp.(a) | | | | | 400 | | | | | | 33,180 | | |
Integra LifeSciences Holdings Corp.(a) | | | | | 11,650 | | | | | | 767,385 | | |
Intellia Therapeutics, Inc.(a) | | | | | 200 | | | | | | 5,724 | | |
Intercept Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 50,544 | | |
Intersect ENT, Inc.(a) | | | | | 300 | | | | | | 8,625 | | |
Intra-Cellular Therapies, Inc.(a) | | | | | 500 | | | | | | 10,850 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Intrexon Corp.(a) | | | | | 700 | | | | | $ | 12,054 | | |
Intuitive Surgical, Inc.(a) | | | | | 1,750 | | | | | | 1,004,500 | | |
Invacare Corp. | | | | | 400 | | | | | | 5,820 | | |
Invitae Corp.(a) | | | | | 500 | | | | | | 8,365 | | |
Ionis Pharmaceuticals, Inc.(a) | | | | | 1,800 | | | | | | 92,844 | | |
Iovance Biotherapeutics, Inc.(a) | | | | | 800 | | | | | | 9,000 | | |
IQVIA Holdings, Inc.(a) | | | | | 2,600 | | | | | | 337,324 | | |
iRhythm Technologies, Inc.(a) | | | | | 300 | | | | | | 28,398 | | |
Ironwood Pharmaceuticals, Inc.(a) | | | | | 2,600 | | | | | | 47,996 | | |
Jazz Pharmaceuticals PLC(a) | | | | | 900 | | | | | | 151,317 | | |
Johnson & Johnson | | | | | 53,448 | | | | | | 7,384,910 | | |
Jounce Therapeutics, Inc.(a) | | | | | 200 | | | | | | 1,300 | | |
K2M Group Holdings, Inc.(a) | | | | | 48,009 | | | | | | 1,314,006 | | |
Kala Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 1,974 | | |
Karyopharm Therapeutics, Inc.(a) | | | | | 400 | | | | | | 6,812 | | |
Keryx Biopharmaceuticals, Inc.(a) | | | | | 1,000 | | | | | | 3,400 | | |
Kindred Biosciences, Inc.(a) | | | | | 300 | | | | | | 4,185 | | |
Kura Oncology, Inc.(a) | | | | | 200 | | | | | | 3,500 | | |
La Jolla Pharmaceutical Co.(a) | | | | | 200 | | | | | | 4,026 | | |
Laboratory Corp. of America Holdings(a) | | | | | 3,900 | | | | | | 677,352 | | |
Lannett Co., Inc.(a) | | | | | 300 | | | | | | 1,425 | | |
Lantheus Holdings, Inc.(a) | | | | | 300 | | | | | | 4,485 | | |
LeMaitre Vascular, Inc. | | | | | 200 | | | | | | 7,748 | | |
Lexicon Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 5,335 | | |
LHC Group, Inc.(a) | | | | | 400 | | | | | | 41,196 | | |
LifePoint Health, Inc.(a) | | | | | 400 | | | | | | 25,760 | | |
Ligand Pharmaceuticals, Inc.(a) | | | | | 300 | | | | | | 82,347 | | |
LivaNova PLC(a) | | | | | 900 | | | | | | 111,573 | | |
Loxo Oncology, Inc.(a) | | | | | 400 | | | | | | 68,332 | | |
Luminex Corp. | | | | | 500 | | | | | | 15,155 | | |
MacroGenics, Inc.(a) | | | | | 400 | | | | | | 8,576 | | |
Madrigal Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 21,413 | | |
Magellan Health, Inc.(a) | | | | | 300 | | | | | | 21,615 | | |
Mallinckrodt PLC(a) | | | | | 1,100 | | | | | | 32,241 | | |
Masimo Corp.(a) | | | | | 2,050 | | | | | | 255,307 | | |
McKesson Corp. | | | | | 3,200 | | | | | | 424,480 | | |
Medicines Co. (The)(a) | | | | | 800 | | | | | | 23,928 | | |
MediciNova, Inc.(a) | | | | | 400 | | | | | | 4,996 | | |
Medidata Solutions, Inc.(a) | | | | | 4,450 | | | | | | 326,230 | | |
MEDNAX, Inc.(a) | | | | | 1,600 | | | | | | 74,656 | | |
Medpace Holdings, Inc.(a) | | | | | 600 | | | | | | 35,946 | | |
Medtronic PLC | | | | | 23,583 | | | | | | 2,319,860 | | |
Merck & Co., Inc. | | | | | 40,900 | | | | | | 2,901,446 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Meridian Bioscience, Inc. | | | | | 500 | | | | | $ | 7,450 | | |
Merit Medical Systems, Inc.(a) | | | | | 1,000 | | | | | | 61,450 | | |
Mettler-Toledo International, Inc.(a) | | | | | 370 | | | | | | 225,323 | | |
MiMedx Group, Inc.(a) | | | | | 1,200 | | | | | | 7,416 | | |
Mirati Therapeutics, Inc.(a) | | | | | 300 | | | | | | 14,130 | | |
Molina Healthcare, Inc.(a) | | | | | 900 | | | | | | 133,830 | | |
Momenta Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 23,670 | | |
Mylan N.V.(a) | | | | | 7,800 | | | | | | 285,480 | | |
MyoKardia, Inc.(a) | | | | | 400 | | | | | | 26,080 | | |
Myriad Genetics, Inc.(a) | | | | | 1,200 | | | | | | 55,200 | | |
Natera, Inc.(a) | | | | | 400 | | | | | | 9,576 | | |
National HealthCare Corp. | | | | | 100 | | | | | | 7,537 | | |
National Research Corp. | | | | | 100 | | | | | | 3,860 | | |
Natus Medical, Inc.(a) | | | | | 300 | | | | | | 10,695 | | |
Nektar Therapeutics(a) | | | | | 2,500 | | | | | | 152,400 | | |
Neogen Corp.(a) | | | | | 800 | | | | | | 57,224 | | |
NeoGenomics, Inc.(a) | | | | | 600 | | | | | | 9,210 | | |
Neurocrine Biosciences, Inc.(a) | | | | | 1,400 | | | | | | 172,130 | | |
Nevro Corp.(a) | | | | | 300 | | | | | | 17,100 | | |
NextGen Healthcare, Inc.(a) | | | | | 600 | | | | | | 12,048 | | |
Novavax, Inc.(a) | | | | | 3,600 | | | | | | 6,768 | | |
Novocure Ltd.(a) | | | | | 1,300 | | | | | | 68,120 | | |
NuVasive, Inc.(a) | | | | | 6,500 | | | | | | 461,370 | | |
NxStage Medical, Inc.(a) | | | | | 700 | | | | | | 19,523 | | |
Omeros Corp.(a) | | | | | 500 | | | | | | 12,205 | | |
Omnicell, Inc.(a) | | | | | 800 | | | | | | 57,520 | | |
OPKO Health, Inc.(a) | | | | | 3,800 | | | | | | 13,148 | | |
OraSure Technologies, Inc.(a) | | | | | 600 | | | | | | 9,270 | | |
Orthofix Medical, Inc.(a) | | | | | 200 | | | | | | 11,562 | | |
Owens & Minor, Inc. | | | | | 700 | | | | | | 11,564 | | |
Oxford Immunotec Global PLC(a) | | | | | 300 | | | | | | 4,869 | | |
Pacific Biosciences of California, Inc.(a) | | | | | 1,300 | | | | | | 7,033 | | |
Pacira Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 24,575 | | |
Paratek Pharmaceuticals, Inc.(a) | | | | | 300 | | | | | | 2,910 | | |
Patterson Cos., Inc. | | | | | 900 | | | | | | 22,005 | | |
PDL BioPharma, Inc.(a) | | | | | 1,700 | | | | | | 4,471 | | |
Penumbra, Inc.(a) | | | | | 500 | | | | | | 74,850 | | |
PerkinElmer, Inc. | | | | | 1,800 | | | | | | 175,086 | | |
Perrigo Co. PLC | | | | | 2,000 | | | | | | 141,600 | | |
Pfizer, Inc. | | | | | 89,000 | | | | | | 3,922,230 | | |
Phibro Animal Health Corp., Class A | | | | | 200 | | | | | | 8,580 | | |
Portola Pharmaceuticals, Inc.(a) | | | | | 700 | | | | | | 18,641 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
PRA Health Sciences, Inc.(a) | | | | | 900 | | | | | $ | 99,171 | | |
Premier, Inc., Class A(a) | | | | | 600 | | | | | | 27,468 | | |
Prestige Brands Holdings, Inc.(a) | | | | | 600 | | | | | | 22,734 | | |
Progenics Pharmaceuticals, Inc.(a) | | | | | 800 | | | | | | 5,016 | | |
Prothena Corp. PLC(a) | | | | | 400 | | | | | | 5,232 | | |
Providence Service Corp. (The)(a) | | | | | 100 | | | | | | 6,728 | | |
PTC Therapeutics, Inc.(a) | | | | | 500 | | | | | | 23,500 | | |
Puma Biotechnology, Inc.(a) | | | | | 300 | | | | | | 13,755 | | |
QIAGEN N.V.(a) | | | | | 3,600 | | | | | | 136,368 | | |
Quest Diagnostics, Inc. | | | | | 2,000 | | | | | | 215,820 | | |
Quidel Corp.(a) | | | | | 500 | | | | | | 32,585 | | |
R1 RCM, Inc.(a) | | | | | 1,100 | | | | | | 11,176 | | |
Radius Health, Inc.(a) | | | | | 400 | | | | | | 7,120 | | |
RadNet, Inc.(a) | | | | | 400 | | | | | | 6,020 | | |
Reata Pharmaceuticals, Inc., Class A(a) | | | | | 400 | | | | | | 32,704 | | |
Regeneron Pharmaceuticals, Inc.(a) | | | | | 1,260 | | | | | | 509,090 | | |
REGENXBIO, Inc.(a) | | | | | 700 | | | | | | 52,850 | | |
Repligen Corp.(a) | | | | | 800 | | | | | | 44,368 | | |
ResMed, Inc. | | | | | 2,100 | | | | | | 242,214 | | |
Retrophin, Inc.(a) | | | | | 500 | | | | | | 14,365 | | |
Revance Therapeutics, Inc.(a) | | | | | 300 | | | | | | 7,455 | | |
Rigel Pharmaceuticals, Inc.(a) | | | | | 1,700 | | | | | | 5,457 | | |
Sage Therapeutics, Inc.(a) | | | | | 700 | | | | | | 98,875 | | |
Sangamo Therapeutics, Inc.(a) | | | | | 1,000 | | | | | | 16,950 | | |
Sarepta Therapeutics, Inc.(a) | | | | | 900 | | | | | | 145,359 | | |
Seattle Genetics, Inc.(a) | | | | | 1,800 | | | | | | 138,816 | | |
Select Medical Holdings Corp.(a) | | | | | 1,200 | | | | | | 22,080 | | |
Sienna Biopharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 2,964 | | |
Sientra, Inc.(a) | | | | | 200 | | | | | | 4,776 | | |
Smith & Nephew PLC, ADR | | | | | 66,901 | | | | | | 2,481,358 | | |
Spark Therapeutics, Inc.(a) | | | | | 400 | | | | | | 21,820 | | |
Spectrum Pharmaceuticals, Inc.(a) | | | | | 2,000 | | | | | | 33,600 | | |
STAAR Surgical Co.(a) | | | | | 500 | | | | | | 24,000 | | |
Stemline Therapeutics, Inc.(a) | | | | | 300 | | | | | | 4,980 | | |
STERIS PLC | | | | | 1,200 | | | | | | 137,280 | | |
Stryker Corp. | | | | | 6,780 | | | | | | 1,204,670 | | |
Supernus Pharmaceuticals, Inc.(a) | | | | | 600 | | | | | | 30,210 | | |
Surgery Partners, Inc.(a) | | | | | 200 | | | | | | 3,300 | | |
Surmodics, Inc.(a) | | | | | 100 | | | | | | 7,465 | | |
Syneos Health, Inc.(a) | | | | | 1,100 | | | | | | 56,705 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Synergy Pharmaceuticals, Inc.(a) | | | | | 2,800 | | | | | $ | 4,760 | | |
Tabula Rasa HealthCare, Inc.(a) | | | | | 400 | | | | | | 32,476 | | |
Tactile Systems Technology, Inc.(a) | | | | | 500 | | | | | | 35,525 | | |
Tandem Diabetes Care, Inc.(a) | | | | | 600 | | | | | | 25,704 | | |
Teladoc, Inc.(a) | | | | | 900 | | | | | | 77,715 | | |
Teleflex, Inc. | | | | | 700 | | | | | | 186,263 | | |
Tenet Healthcare Corp.(a) | | | | | 1,600 | | | | | | 45,536 | | |
TESARO, Inc.(a) | | | | | 400 | | | | | | 15,604 | | |
TG Therapeutics, Inc.(a) | | | | | 600 | | | | | | 3,360 | | |
TherapeuticsMD, Inc.(a) | | | | | 1,900 | | | | | | 12,464 | | |
Theravance Biopharma, Inc.(a) | | | | | 500 | | | | | | 16,335 | | |
Thermo Fisher Scientific, Inc. | | | | | 12,065 | | | | | | 2,944,825 | | |
Tivity Health, Inc.(a) | | | | | 400 | | | | | | 12,860 | | |
TransEnterix, Inc.(a) | | | | | 4,900 | | | | | | 28,420 | | |
Triple-S Management Corp., Class B(a) | | | | | 300 | | | | | | 5,667 | | |
Ultragenyx Pharmaceutical, Inc.(a) | | | | | 800 | | | | | | 61,072 | | |
United Therapeutics Corp.(a) | | | | | 700 | | | | | | 89,516 | | |
UnitedHealth Group, Inc. | | | | | 25,295 | | | | | | 6,729,482 | | |
Universal Health Services, Inc., Class B | | | | | 10,206 | | | | | | 1,304,735 | | |
US Physical Therapy, Inc. | | | | | 300 | | | | | | 35,580 | | |
Vanda Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 11,475 | | |
Varex Imaging Corp.(a) | | | | | 400 | | | | | | 11,464 | | |
Varian Medical Systems, Inc.(a) | | | | | 1,500 | | | | | | 167,895 | | |
Veeva Systems, Inc., Class A(a) | | | | | 6,150 | | | | | | 669,550 | | |
Vertex Pharmaceuticals, Inc.(a) | | | | | 3,900 | | | | | | 751,686 | | |
Viking Therapeutics, Inc.(a) | | | | | 1,500 | | | | | | 26,130 | | |
Vocera Communications, Inc.(a) | | | | | 300 | | | | | | 10,974 | | |
Voyager Therapeutics, Inc.(a) | | | | | 200 | | | | | | 3,784 | | |
Waters Corp.(a) | | | | | 5,303 | | | | | | 1,032,388 | | |
WaVe Life Sciences Ltd.(a) | | | | | 100 | | | | | | 5,000 | | |
WellCare Health Plans, Inc.(a) | | | | | 800 | | | | | | 256,392 | | |
West Pharmaceutical Services, Inc. | | | | | 2,800 | | | | | | 345,716 | | |
Wright Medical Group N.V.(a) | | | | | 2,100 | | | | | | 60,942 | | |
Xencor, Inc.(a) | | | | | 900 | | | | | | 35,073 | | |
Zimmer Biomet Holdings, Inc. | | | | | 3,200 | | | | | | 420,704 | | |
ZIOPHARM Oncology, Inc.(a) | | | | | 1,500 | | | | | | 4,800 | | |
Zoetis, Inc. | | | | | 7,400 | | | | | | 677,544 | | |
Zogenix, Inc.(a) | | | | | 900 | | | | | | 44,640 | | |
Total Health Care | | | | | | | | | | | 91,205,668 | | |
INDUSTRIALS – 11.1% | | ||||||||||||
3M Co. | | | | | 13,830 | | | | | | 2,914,119 | | |
AAON, Inc. | | | | | 500 | | | | | | 18,900 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
AAR Corp. | | | | | 400 | | | | | $ | 19,156 | | |
ABM Industries, Inc. | | | | | 900 | | | | | | 29,025 | | |
ACCO Brands Corp. | | | | | 1,200 | | | | | | 13,560 | | |
Actuant Corp., Class A | | | | | 700 | | | | | | 19,530 | | |
Acuity Brands, Inc. | | | | | 13,275 | | | | | | 2,086,830 | | |
ADT, Inc. | | | | | 1,200 | | | | | | 11,268 | | |
Advanced Disposal Services, Inc.(a) | | | | | 1,600 | | | | | | 43,328 | | |
Advanced Drainage Systems, Inc. | | | | | 400 | | | | | | 12,360 | | |
AECOM(a) | | | | | 2,300 | | | | | | 75,118 | | |
Aegion Corp.(a) | | | | | 400 | | | | | | 10,152 | | |
Aerojet Rocketdyne Holdings, Inc.(a) | | | | | 800 | | | | | | 27,192 | | |
Aerovironment, Inc.(a) | | | | | 500 | | | | | | 56,085 | | |
AGCO Corp. | | | | | 1,200 | | | | | | 72,948 | | |
Air Lease Corp. | | | | | 1,600 | | | | | | 73,408 | | |
Air Transport Services Group, Inc.(a) | | | | | 700 | | | | | | 15,029 | | |
Aircastle Ltd. | | | | | 500 | | | | | | 10,955 | | |
Alamo Group, Inc. | | | | | 100 | | | | | | 9,161 | | |
Alaska Air Group, Inc. | | | | | 1,700 | | | | | | 117,062 | | |
Albany International Corp., Class A | | | | | 600 | | | | | | 47,700 | | |
Allegiant Travel Co. | | | | | 200 | | | | | | 25,360 | | |
Allegion PLC | | | | | 1,600 | | | | | | 144,912 | | |
Allied Motion Technologies, Inc. | | | | | 100 | | | | | | 5,443 | | |
Allison Transmission Holdings, Inc. | | | | | 1,800 | | | | | | 93,618 | | |
Altra Industrial Motion Corp. | | | | | 546 | | | | | | 22,529 | | |
AMERCO | | | | | 100 | | | | | | 35,665 | | |
American Airlines Group, Inc. | | | | | 6,400 | | | | | | 264,512 | | |
American Railcar Industries, Inc. | | | | | 100 | | | | | | 4,610 | | |
American Woodmark Corp.(a) | | | | | 200 | | | | | | 15,690 | | |
AMETEK, Inc. | | | | | 8,600 | | | | | | 680,432 | | |
AO Smith Corp. | | | | | 2,000 | | | | | | 106,740 | | |
Apogee Enterprises, Inc. | | | | | 300 | | | | | | 12,396 | | |
Applied Industrial Technologies, Inc. | | | | | 700 | | | | | | 54,775 | | |
ArcBest Corp. | | | | | 300 | | | | | | 14,565 | | |
Arconic, Inc. | | | | | 6,900 | | | | | | 151,869 | | |
Argan, Inc. | | | | | 200 | | | | | | 8,600 | | |
Armstrong World Industries, Inc.(a) | | | | | 800 | | | | | | 55,680 | | |
ASGN, Inc.(a) | | | | | 900 | | | | | | 71,037 | | |
Astec Industries, Inc. | | | | | 200 | | | | | | 10,082 | | |
Astronics Corp.(a) | | | | | 200 | | | | | | 8,700 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Atkore International Group, Inc.(a) | | | | | 400 | | | | | $ | 10,612 | | |
Atlas Air Worldwide Holdings, Inc.(a) | | | | | 300 | | | | | | 19,125 | | |
Avis Budget Group, Inc.(a) | | | | | 1,400 | | | | | | 44,996 | | |
Axon Enterprise, Inc.(a) | | | | | 900 | | | | | | 61,587 | | |
AZZ, Inc. | | | | | 300 | | | | | | 15,150 | | |
Babcock & Wilcox Enterprises, Inc.(a) | | | | | 1,900 | | | | | | 1,957 | | |
Barnes Group, Inc. | | | | | 600 | | | | | | 42,618 | | |
Barrett Business Services, Inc. | | | | | 100 | | | | | | 6,678 | | |
Beacon Roofing Supply, Inc.(a) | | | | | 800 | | | | | | 28,952 | | |
BMC Stock Holdings, Inc.(a) | | | | | 700 | | | | | | 13,055 | | |
Boeing Co. (The) | | | | | 8,310 | | | | | | 3,090,489 | | |
Brady Corp., Class A | | | | | 500 | | | | | | 21,875 | | |
Briggs & Stratton Corp. | | | | | 500 | | | | | | 9,615 | | |
Brink’s Co. (The) | | | | | 800 | | | | | | 55,800 | | |
Builders FirstSource, Inc.(a) | | | | | 1,300 | | | | | | 19,084 | | |
BWX Technologies, Inc. | | | | | 1,400 | | | | | | 87,556 | | |
Caesarstone Ltd. | | | | | 300 | | | | | | 5,565 | | |
CAI International, Inc.(a) | | | | | 200 | | | | | | 4,574 | | |
Carlisle Cos., Inc. | | | | | 900 | | | | | | 109,620 | | |
Casella Waste Systems, Inc., Class A(a) | | | | | 400 | | | | | | 12,424 | | |
Caterpillar, Inc. | | | | | 9,000 | | | | | | 1,372,410 | | |
CBIZ, Inc.(a) | | | | | 600 | | | | | | 14,220 | | |
CH Robinson Worldwide, Inc. | | | | | 2,100 | | | | | | 205,632 | | |
Chart Industries, Inc.(a) | | | | | 400 | | | | | | 31,332 | | |
Cimpress N.V.(a) | | | | | 300 | | | | | | 40,983 | | |
Cintas Corp. | | | | | 1,300 | | | | | | 257,153 | | |
CIRCOR International, Inc. | | | | | 200 | | | | | | 9,500 | | |
Clean Harbors, Inc.(a) | | | | | 1,000 | | | | | | 71,580 | | |
Colfax Corp.(a) | | | | | 1,700 | | | | | | 61,302 | | |
Columbus McKinnon Corp. | | | | | 300 | | | | | | 11,862 | | |
Comfort Systems USA, Inc. | | | | | 400 | | | | | | 22,560 | | |
Continental Building Products, Inc.(a) | | | | | 400 | | | | | | 15,020 | | |
Copa Holdings S.A., Class A | | | | | 400 | | | | | | 31,936 | | |
Copart, Inc.(a) | | | | | 3,000 | | | | | | 154,590 | | |
Costamare, Inc. | | | | | 600 | | | | | | 3,894 | | |
CoStar Group, Inc.(a) | | | | | 560 | | | | | | 235,670 | | |
Covanta Holding Corp. | | | | | 1,300 | | | | | | 21,125 | | |
Covenant Transportation Group, Inc., Class A(a) | | | | | 100 | | | | | | 2,906 | | |
CRA International, Inc. | | | | | 100 | | | | | | 5,022 | | |
Crane Co. | | | | | 900 | | | | | | 88,515 | | |
CSW Industrials, Inc.(a) | | | | | 200 | | | | | | 10,740 | | |
CSX Corp. | | | | | 12,700 | | | | | | 940,435 | | |
Cubic Corp. | | | | | 300 | | | | | | 21,915 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Cummins, Inc. | | | | | 2,300 | | | | | $ | 335,961 | | |
Curtiss-Wright Corp. | | | | | 600 | | | | | | 82,452 | | |
Daseke, Inc.(a) | | | | | 400 | | | | | | 3,208 | | |
Deere & Co. | | | | | 5,000 | | | | | | 751,650 | | |
Delta Air Lines, Inc. | | | | | 9,900 | | | | | | 572,517 | | |
Deluxe Corp. | | | | | 800 | | | | | | 45,552 | | |
DMC Global, Inc. | | | | | 200 | | | | | | 8,160 | | |
Donaldson Co., Inc. | | | | | 2,200 | | | | | | 128,172 | | |
Douglas Dynamics, Inc. | | | | | 300 | | | | | | 13,170 | | |
Dover Corp. | | | | | 2,300 | | | | | | 203,619 | | |
Ducommun, Inc.(a) | | | | | 100 | | | | | | 4,084 | | |
Dun & Bradstreet Corp. (The) | | | | | 500 | | | | | | 71,255 | | |
DXP Enterprises, Inc.(a) | | | | | 200 | | | | | | 8,014 | | |
Dycom Industries, Inc.(a) | | | | | 400 | | | | | | 33,840 | | |
Eastern Co. (The) | | | | | 100 | | | | | | 2,840 | | |
Eaton Corp. PLC | | | | | 6,700 | | | | | | 581,091 | | |
Echo Global Logistics, Inc.(a) | | | | | 300 | | | | | | 9,285 | | |
EMCOR Group, Inc. | | | | | 1,100 | | | | | | 82,621 | | |
Emerson Electric Co. | | | | | 9,600 | | | | | | 735,168 | | |
Encore Wire Corp. | | | | | 200 | | | | | | 10,020 | | |
Energous Corp.(a) | | | | | 200 | | | | | | 2,024 | | |
Energy Recovery, Inc.(a) | | | | | 400 | | | | | | 3,580 | | |
EnerSys | | | | | 800 | | | | | | 69,704 | | |
Engility Holdings, Inc.(a) | | | | | 200 | | | | | | 7,198 | | |
Ennis, Inc. | | | | | 300 | | | | | | 6,135 | | |
EnPro Industries, Inc. | | | | | 200 | | | | | | 14,586 | | |
Equifax, Inc. | | | | | 1,800 | | | | | | 235,026 | | |
ESCO Technologies, Inc. | | | | | 300 | | | | | | 20,415 | | |
Essendant, Inc. | | | | | 400 | | | | | | 5,128 | | |
Esterline Technologies Corp.(a) | | | | | 300 | | | | | | 27,285 | | |
Evoqua Water Technologies Corp.(a) | | | | | 1,700 | | | | | | 30,226 | | |
Expeditors International of Washington, Inc. | | | | | 2,700 | | | | | | 198,531 | | |
Exponent, Inc. | | | | | 600 | | | | | | 32,160 | | |
Fastenal Co. | | | | | 4,300 | | | | | | 249,486 | | |
Federal Signal Corp. | | | | | 700 | | | | | | 18,746 | | |
FedEx Corp. | | | | | 3,800 | | | | | | 915,002 | | |
Flowserve Corp. | | | | | 1,900 | | | | | | 103,911 | | |
Fluor Corp. | | | | | 2,000 | | | | | | 116,200 | | |
Forrester Research, Inc. | | | | | 100 | | | | | | 4,590 | | |
Fortive Corp. | | | | | 8,989 | | | | | | 756,874 | | |
Fortune Brands Home & Security, Inc. | | | | | 2,500 | | | | | | 130,900 | | |
Forward Air Corp. | | | | | 300 | | | | | | 21,510 | | |
Franklin Electric Co., Inc. | | | | | 500 | | | | | | 23,625 | | |
FTI Consulting, Inc.(a) | | | | | 700 | | | | | | 51,233 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Gardner Denver Holdings, Inc.(a) | | | | | 1,900 | | | | | $ | 53,846 | | |
Gates Industrial Corp. PLC(a) | | | | | 18,700 | | | | | | 364,650 | | |
GATX Corp. | | | | | 800 | | | | | | 69,272 | | |
Generac Holdings, Inc.(a) | | | | | 1,100 | | | | | | 62,051 | | |
General Dynamics Corp. | | | | | 16,960 | | | | | | 3,472,051 | | |
General Electric Co. | | | | | 132,300 | | | | | | 1,493,667 | | |
Genesee & Wyoming, Inc., Class A(a) | | | | | 1,000 | | | | | | 90,990 | | |
Gibraltar Industries, Inc.(a) | | | | | 400 | | | | | | 18,240 | | |
Global Brass & Copper Holdings, Inc. | | | | | 200 | | | | | | 7,380 | | |
GMS, Inc.(a) | | | | | 400 | | | | | | 9,280 | | |
Gorman-Rupp Co. (The) | | | | | 200 | | | | | | 7,300 | | |
Graco, Inc. | | | | | 8,083 | | | | | | 374,566 | | |
GrafTech International Ltd. | | | | | 500 | | | | | | 9,755 | | |
Granite Construction, Inc. | | | | | 554 | | | | | | 25,318 | | |
Great Lakes Dredge & Dock Corp.(a) | | | | | 700 | | | | | | 4,340 | | |
Greenbrier Cos., Inc. (The) | | | | | 700 | | | | | | 42,070 | | |
Griffon Corp. | | | | | 300 | | | | | | 4,845 | | |
H&E Equipment Services, Inc. | | | | | 400 | | | | | | 15,112 | | |
Harris Corp. | | | | | 1,800 | | | | | | 304,578 | | |
Harsco Corp.(a) | | | | | 900 | | | | | | 25,695 | | |
Hawaiian Holdings, Inc. | | | | | 600 | | | | | | 24,060 | | |
HC2 Holdings, Inc.(a) | | | | | 500 | | | | | | 3,060 | | |
HD Supply Holdings, Inc.(a) | | | | | 2,600 | | | | | | 111,254 | | |
Healthcare Services Group, Inc. | | | | | 1,100 | | | | | | 44,682 | | |
Heartland Express, Inc. | | | | | 500 | | | | | | 9,865 | | |
HEICO Corp. | | | | | 500 | | | | | | 46,305 | | |
HEICO Corp., Class A | | | | | 1,250 | | | | | | 94,375 | | |
Heidrick & Struggles International, Inc. | | | | | 200 | | | | | | 6,770 | | |
Herc Holdings, Inc.(a) | | | | | 300 | | | | | | 15,360 | | |
Heritage-Crystal Clean, Inc.(a) | | | | | 200 | | | | | | 4,270 | | |
Herman Miller, Inc. | | | | | 700 | | | | | | 26,880 | | |
Hertz Global Holdings, Inc.(a) | | | | | 600 | | | | | | 9,798 | | |
Hexcel Corp. | | | | | 1,500 | | | | | | 100,575 | | |
Hillenbrand, Inc. | | | | | 1,300 | | | | | | 67,990 | | |
HNI Corp. | | | | | 500 | | | | | | 22,120 | | |
Honeywell International, Inc. | | | | | 11,500 | | | | | | 1,913,600 | | |
Hub Group, Inc., Class A(a) | | | | | 6,399 | | | | | | 291,794 | | |
Hubbell, Inc. | | | | | 900 | | | | | | 120,213 | | |
Huntington Ingalls Industries, Inc. | | | | | 700 | | | | | | 179,256 | | |
Hurco Cos., Inc. | | | | | 100 | | | | | | 4,510 | | |
Huron Consulting Group, Inc.(a) | | | | | 300 | | | | | | 14,820 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Hyster-Yale Materials Handling, Inc. | | | | | 100 | | | | | $ | 6,153 | | |
ICF International, Inc. | | | | | 200 | | | | | | 15,090 | | |
IDEX Corp. | | | | | 2,600 | | | | | | 391,716 | | |
IHS Markit Ltd.(a) | | | | | 6,100 | | | | | | 329,156 | | |
Illinois Tool Works, Inc. | | | | | 5,200 | | | | | | 733,824 | | |
Ingersoll-Rand PLC | | | �� | | 3,700 | | | | | | 378,510 | | |
InnerWorkings, Inc.(a) | | | | | 500 | | | | | | 3,960 | | |
Insperity, Inc. | | | | | 600 | | | | | | 70,770 | | |
Insteel Industries, Inc. | | | | | 200 | | | | | | 7,176 | | |
Interface, Inc. | | | | | 700 | | | | | | 16,345 | | |
ITT, Inc. | | | | | 1,300 | | | | | | 79,638 | | |
Jacobs Engineering Group, Inc. | | | | | 2,000 | | | | | | 153,000 | | |
JB Hunt Transport Services, Inc. | | | | | 3,367 | | | | | | 400,471 | | |
JELD-WEN Holding, Inc.(a) | | | | | 800 | | | | | | 19,728 | | |
JetBlue Airways Corp.(a) | | | | | 4,600 | | | | | | 89,056 | | |
John Bean Technologies Corp. | | | | | 400 | | | | | | 47,720 | | |
Johnson Controls International PLC | | | | | 14,200 | | | | | | 497,000 | | |
Kadant, Inc. | | | | | 100 | | | | | | 10,785 | | |
Kaman Corp. | | | | | 300 | | | | | | 20,034 | | |
Kansas City Southern | | | | | 1,600 | | | | | | 181,248 | | |
KAR Auction Services, Inc. | | | | | 1,900 | | | | | | 113,411 | | |
KBR, Inc. | | | | | 2,700 | | | | | | 57,051 | | |
Kelly Services, Inc., Class A | | | | | 300 | | | | | | 7,209 | | |
Kennametal, Inc. | | | | | 1,500 | | | | | | 65,340 | | |
KeyW Holding Corp. (The)(a) | | | | | 600 | | | | | | 5,196 | | |
Kforce, Inc. | | | | | 300 | | | | | | 11,280 | | |
Kimball International, Inc., Class B | | | | | 400 | | | | | | 6,700 | | |
Kirby Corp.(a) | | | | | 800 | | | | | | 65,800 | | |
KLX, Inc.(a) | | | | | 900 | | | | | | 56,502 | | |
Knight-Swift Transportation Holdings, Inc. | | | | | 34,675 | | | | | | 1,195,594 | | |
Knoll, Inc. | | | | | 600 | | | | | | 14,070 | | |
Korn/Ferry International | | | | | 1,000 | | | | | | 49,240 | | |
Kratos Defense & Security Solutions, Inc.(a) | | | | | 1,000 | | | | | | 14,780 | | |
L3 Technologies, Inc. | | | | | 1,200 | | | | | | 255,144 | | |
Landstar System, Inc. | | | | | 700 | | | | | | 85,400 | | |
Lennox International, Inc. | | | | | 600 | | | | | | 131,040 | | |
Lincoln Electric Holdings, Inc. | | | | | 1,000 | | | | | | 93,440 | | |
Lindsay Corp. | | | | | 5,853 | | | | | | 586,705 | | |
Lockheed Martin Corp. | | | | | 3,810 | | | | | | 1,318,108 | | |
LSC Communications, Inc. | | | | | 400 | | | | | | 4,424 | | |
Lydall, Inc.(a) | | | | | 200 | | | | | | 8,620 | | |
Macquarie Infrastructure Corp. | | | | | 1,500 | | | | | | 69,195 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Manitowoc Co., Inc. (The)(a) | | | | | 400 | | | | | $ | 9,596 | | |
ManpowerGroup, Inc. | | | | | 1,100 | | | | | | 94,556 | | |
Marten Transport Ltd. | | | | | 400 | | | | | | 8,420 | | |
Masco Corp. | | | | | 4,800 | | | | | | 175,680 | | |
Masonite International Corp.(a) | | | | | 300 | | | | | | 19,230 | | |
MasTec, Inc.(a) | | | | | 800 | | | | | | 35,720 | | |
Matson, Inc. | | | | | 500 | | | | | | 19,820 | | |
Matthews International Corp., Class A | | | | | 400 | | | | | | 20,060 | | |
Maxar Technologies Ltd. | | | | | 800 | | | | | | 26,456 | | |
McGrath RentCorp | | | | | 300 | | | | | | 16,341 | | |
Mercury Systems, Inc.(a) | | | | | 1,000 | | | | | | 55,320 | | |
Meritor, Inc.(a) | | | | | 1,000 | | | | | | 19,360 | | |
Middleby Corp. (The)(a) | | | | | 800 | | | | | | 103,480 | | |
Milacron Holdings Corp.(a) | | | | | 800 | | | | | | 16,200 | | |
Mistras Group, Inc.(a) | | | | | 200 | | | | | | 4,334 | | |
Mobile Mini, Inc. | | | | | 500 | | | | | | 21,925 | | |
Moog, Inc., Class A | | | | | 400 | | | | | | 34,388 | | |
MRC Global, Inc.(a) | | | | | 1,000 | | | | | | 18,770 | | |
MSA Safety, Inc. | | | | | 600 | | | | | | 63,864 | | |
MSC Industrial Direct Co., Inc., Class A | | | | | 800 | | | | | | 70,488 | | |
Mueller Industries, Inc. | | | | | 700 | | | | | | 20,286 | | |
Mueller Water Products, Inc., Class A | | | | | 1,800 | | | | | | 20,718 | | |
Multi-Color Corp. | | | | | 200 | | | | | | 12,450 | | |
MYR Group, Inc.(a) | | | | | 200 | | | | | | 6,528 | | |
National Presto Industries, Inc. | | | | | 100 | | | | | | 12,965 | | |
Navigant Consulting, Inc.(a) | | | | | 500 | | | | | | 11,530 | | |
Navistar International Corp.(a) | | | | | 600 | | | | | | 23,100 | | |
NCI Building Systems, Inc.(a) | | | | | 500 | | | | | | 7,575 | | |
Nielsen Holdings PLC | | | | | 5,400 | | | | | | 149,364 | | |
NN, Inc. | | | | | 300 | | | | | | 4,680 | | |
Nordson Corp. | | | | | 5,300 | | | | | | 736,170 | | |
Norfolk Southern Corp. | | | | | 4,300 | | | | | | 776,150 | | |
Northrop Grumman Corp. | | | | | 2,510 | | | | | | 796,599 | | |
NOW, Inc.(a) | | | | | 1,200 | | | | | | 19,860 | | |
NV5 Global, Inc.(a) | | | | | 100 | | | | | | 8,670 | | |
nVent Electric PLC(a) | | | | | 2,800 | | | | | | 76,048 | | |
Old Dominion Freight Line, Inc. | | | | | 1,100 | | | | | | 177,386 | | |
Oshkosh Corp. | | | | | 1,200 | | | | | | 85,488 | | |
Owens Corning | | | | | 1,800 | | | | | | 97,686 | | |
PACCAR, Inc. | | | | | 5,400 | | | | | | 368,226 | | |
Park-Ohio Holdings Corp. | | | | | 100 | | | | | | 3,835 | | |
Parker-Hannifin Corp. | | | | | 2,100 | | | | | | 386,253 | | |
Patrick Industries, Inc.(a) | | | | | 300 | | | | | | 17,760 | | |
Pentair PLC | | | | | 2,700 | | | | | | 117,045 | | |
PGT Innovations, Inc.(a) | | | | | 600 | | | | | | 12,960 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Pitney Bowes, Inc. | | | | | 2,100 | | | | | $ | 14,868 | | |
Plug Power, Inc.(a) | | | | | 2,600 | | | | | | 4,992 | | |
Powell Industries, Inc. | | | | | 100 | | | | | | 3,626 | | |
Primoris Services Corp. | | | | | 500 | | | | | | 12,410 | | |
Proto Labs, Inc.(a) | | | | | 400 | | | | | | 64,700 | | |
Quad/Graphics, Inc. | | | | | 400 | | | | | | 8,336 | | |
Quanex Building Products Corp. | | | | | 400 | | | | | | 7,280 | | |
Quanta Services, Inc.(a) | | | | | 2,100 | | | | | | 70,098 | | |
Raven Industries, Inc. | | | | | 400 | | | | | | 18,300 | | |
Raytheon Co. | | | | | 4,400 | | | | | | 909,304 | | |
RBC Bearings, Inc.(a) | | | | | 300 | | | | | | 45,108 | | |
Regal Beloit Corp. | | | | | 800 | | | | | | 65,960 | | |
Republic Services, Inc. | | | | | 3,400 | | | | | | 247,044 | | |
Resources Connection, Inc. | | | | | 300 | | | | | | 4,980 | | |
REV Group, Inc. | | | | | 300 | | | | | | 4,710 | | |
Rexnord Corp.(a) | | | | | 2,000 | | | | | | 61,600 | | |
Ritchie Bros Auctioneers, Inc. | | | | | 11,850 | | | | | | 428,141 | | |
Robert Half International, Inc. | | | | | 1,700 | | | | | | 119,646 | | |
Rockwell Automation, Inc. | | | | | 4,150 | | | | | | 778,208 | | |
Rockwell Collins, Inc. | | | | | 2,600 | | | | | | 365,222 | | |
Rollins, Inc. | | | | | 1,600 | | | | | | 97,104 | | |
Roper Technologies, Inc. | | | | | 10,910 | | | | | | 3,231,651 | | |
RR Donnelley & Sons Co. | | | | | 800 | | | | | | 4,320 | | |
Rush Enterprises, Inc., Class A(a) | | | | | 300 | | | | | | 11,793 | | |
Rush Enterprises, Inc., Class B(a) | | | | | 100 | | | | | | 3,989 | | |
Ryder System, Inc. | | | | | 1,000 | | | | | | 73,070 | | |
Saia, Inc.(a) | | | | | 300 | | | | | | 22,935 | | |
Schneider National, Inc., Class B | | | | | 500 | | | | | | 12,490 | | |
Scorpio Bulkers, Inc. | | | | | 700 | | | | | | 5,075 | | |
Sensata Technologies Holding PLC(a) | | | | | 2,700 | | | | | | 133,785 | | |
Simpson Manufacturing Co., Inc. | | | | | 800 | | | | | | 57,968 | | |
SiteOne Landscape Supply, Inc.(a) | | | | | 600 | | | | | | 45,204 | | |
SkyWest, Inc. | | | | | 1,000 | | | | | | 58,900 | | |
Snap-on, Inc. | | | | | 15,800 | | | | | | 2,900,880 | | |
Southwest Airlines Co. | | | | | 8,000 | | | | | | 499,600 | | |
SP Plus Corp.(a) | | | | | 200 | | | | | | 7,300 | | |
Spartan Motors, Inc. | | | | | 400 | | | | | | 5,900 | | |
Spirit AeroSystems Holdings, Inc., Class A | | | | | 1,800 | | | | | | 165,006 | | |
Spirit Airlines, Inc.(a) | | | | | 1,300 | | | | | | 61,061 | | |
SPX Corp.(a) | | | | | 500 | | | | | | 16,655 | | |
SPX FLOW, Inc.(a) | | | | | 500 | | | | | | 26,000 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Standex International Corp. | | | | | 400 | | | | | $ | 41,700 | | |
Stanley Black & Decker, Inc. | | | | | 2,400 | | | | | | 351,456 | | |
Steelcase, Inc., Class A | | | | | 1,000 | | | | | | 18,500 | | |
Stericycle, Inc.(a) | | | | | 6,500 | | | | | | 381,420 | | |
Sterling Construction Co., Inc.(a) | | | | | 300 | | | | | | 4,296 | | |
Sun Hydraulics Corp. | | | | | 300 | | | | | | 16,434 | | |
Sunrun, Inc.(a) | | | | | 1,000 | | | | | | 12,440 | | |
Systemax, Inc. | | | | | 100 | | | | | | 3,294 | | |
Team, Inc.(a) | | | | | 300 | | | | | | 6,750 | | |
Teledyne Technologies, Inc.(a) | | | | | 500 | | | | | | 123,340 | | |
Tennant Co. | | | | | 200 | | | | | | 15,190 | | |
Terex Corp. | | | | | 900 | | | | | | 35,919 | | |
Tetra Tech, Inc. | | | | | 1,000 | | | | | | 68,300 | | |
Textainer Group Holdings Ltd.(a) | | | | | 300 | | | | | | 3,840 | | |
Textron, Inc. | | | | | 3,900 | | | | | | 278,733 | | |
Thermon Group Holdings, Inc.(a) | | | | | 400 | | | | | | 10,312 | | |
Timken Co. (The) | | | | | 1,300 | | | | | | 64,805 | | |
Titan International, Inc. | | | | | 600 | | | | | | 4,452 | | |
Titan Machinery, Inc.(a) | | | | | 200 | | | | | | 3,097 | | |
Toro Co. (The) | | | | | 1,500 | | | | | | 89,955 | | |
TransDigm Group, Inc.(a) | | | | | 730 | | | | | | 271,779 | | |
TransUnion | | | | | 2,800 | | | | | | 206,024 | | |
Trex Co., Inc.(a) | | | | | 1,000 | | | | | | 76,980 | | |
TriMas Corp.(a) | | | | | 500 | | | | | | 15,200 | | |
TriNet Group, Inc.(a) | | | | | 500 | | | | | | 28,160 | | |
Trinity Industries, Inc. | | | | | 2,200 | | | | | | 80,608 | | |
Triton International Ltd. | | | | | 1,100 | | | | | | 36,597 | | |
Triumph Group, Inc. | | | | | 600 | | | | | | 13,980 | | |
TrueBlue, Inc.(a) | | | | | 500 | | | | | | 13,025 | | |
Tutor Perini Corp.(a) | | | | | 400 | | | | | | 7,520 | | |
UniFirst Corp. | | | | | 200 | | | | | | 34,730 | | |
Union Pacific Corp. | | | | | 11,400 | | | | | | 1,856,262 | | |
United Continental Holdings, Inc.(a) | | | | | 4,000 | | | | | | 356,240 | | |
United Parcel Service, Inc., Class B | | | | | 14,938 | | | | | | 1,744,012 | | |
United Rentals, Inc.(a) | | | | | 1,300 | | | | | | 212,680 | | |
United Technologies Corp. | | | | | 11,500 | | | | | | 1,607,815 | | |
Univar, Inc.(a) | | | | | 2,100 | | | | | | 64,386 | | |
Universal Forest Products, Inc. | | | | | 700 | | | | | | 24,731 | | |
US Ecology, Inc. | | | | | 300 | | | | | | 22,125 | | |
USG Corp.(a) | | | | | 1,600 | | | | | | 69,296 | | |
Valmont Industries, Inc. | | | | | 300 | | | | | | 41,550 | | |
Vectrus, Inc.(a) | | | | | 100 | | | | | | 3,119 | | |
Verisk Analytics, Inc.(a) | | | | | 6,400 | | | | | | 771,520 | | |
Veritiv Corp.(a) | | | | | 100 | | | | | | 3,640 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Viad Corp. | | | | | 200 | | | | | $ | 11,850 | | |
Vicor Corp.(a) | | | | | 200 | | | | | | 9,200 | | |
VSE Corp. | | | | | 100 | | | | | | 3,313 | | |
Wabash National Corp. | | | | | 700 | | | | | | 12,761 | | |
WABCO Holdings, Inc.(a) | | | | | 5,563 | | | | | | 656,100 | | |
Wabtec Corp. | | | | | 1,400 | | | | | | 146,832 | | |
WageWorks, Inc.(a) | | | | | 500 | | | | | | 21,375 | | |
Waste Management, Inc. | | | | | 6,600 | | | | | | 596,376 | | |
Watsco, Inc. | | | | | 500 | | | | | | 89,050 | | |
Watts Water Technologies, Inc., Class A | | | | | 600 | | | | | | 49,800 | | |
Welbilt, Inc.(a) | | | | | 2,600 | | | | | | 54,288 | | |
Werner Enterprises, Inc. | | | | | 500 | | | | | | 17,675 | | |
Wesco Aircraft Holdings, Inc.(a) | | | | | 600 | | | | | | 6,750 | | |
WESCO International, Inc.(a) | | | | | 900 | | | | | | 55,305 | | |
Woodward, Inc. | | | | | 5,490 | | | | | | 443,921 | | |
WW Grainger, Inc. | | | | | 700 | | | | | | 250,187 | | |
XPO Logistics, Inc.(a) | | | | | 2,000 | | | | | | 228,340 | | |
Xylem, Inc. | | | | | 2,700 | | | | | | 215,649 | | |
YRC Worldwide, Inc.(a) | | | | | 400 | | | | | | 3,592 | | |
Total Industrials | | | | | | | | | | | 66,147,816 | | |
INFORMATION TECHNOLOGY – 22.7% | | ||||||||||||
2U, Inc.(a) | | | | | 800 | | | | | | 60,152 | | |
3D Systems Corp.(a) | | | | | 1,300 | | | | | | 24,570 | | |
8x8, Inc.(a) | | | | | 1,000 | | | | | | 21,250 | | |
A10 Networks, Inc.(a) | | | | | 600 | | | | | | 3,648 | | |
Acacia Communications, Inc.(a) | | | | | 200 | | | | | | 8,274 | | |
Accenture PLC, Class A | | | | | 9,900 | | | | | | 1,684,980 | | |
ACI Worldwide, Inc.(a) | | | | | 2,300 | | | | | | 64,722 | | |
Activision Blizzard, Inc. | | | | | 11,500 | | | | | | 956,685 | | |
Adobe Systems, Inc.(a) | | | | | 7,500 | | | | | | 2,024,625 | | |
ADTRAN, Inc. | | | | | 600 | | | | | | 10,590 | | |
Advanced Energy Industries, Inc.(a) | | | | | 500 | | | | | | 25,825 | | |
Advanced Micro Devices, Inc.(a) | | | | | 13,700 | | | | | | 423,193 | | |
Akamai Technologies, Inc.(a) | | | | | 3,950 | | | | | | 288,943 | | |
Alarm.com Holdings, Inc.(a) | | | | | 400 | | | | | | 22,960 | | |
Alibaba Group Holding Ltd., ADR(a) | | | | | 6,175 | | | | | | 1,017,393 | | |
Alliance Data Systems Corp. | | | | | 700 | | | | | | 165,312 | | |
Alpha & Omega Semiconductor Ltd.(a) | | | | | 200 | | | | | | 2,326 | | |
Alphabet, Inc., Class A(a) | | | | | 5,482 | | | | | | 6,617,213 | | |
Alphabet, Inc., Class C(a) | | | | | 4,650 | | | | | | 5,549,636 | | |
Altaba, Inc.(a) | | | | | 10,075 | | | | | | 686,309 | | |
Altair Engineering, Inc., Class A(a) | | | | | 400 | | | | | | 17,380 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Alteryx, Inc., Class A(a) | | | | | 300 | | | | | $ | 17,163 | | |
Ambarella, Inc.(a) | | | | | 400 | | | | | | 15,472 | | |
Amdocs Ltd. | | | | | 2,200 | | | | | | 145,156 | | |
American Software, Inc., Class A | | | | | 300 | | | | | | 3,639 | | |
Amkor Technology, Inc.(a) | | | | | 1,200 | | | | | | 8,868 | | |
Amphenol Corp., Class A | | | | | 21,809 | | | | | | 2,050,482 | | |
Analog Devices, Inc. | | | | | 5,700 | | | | | | 527,022 | | |
Anixter International, Inc.(a) | | | | | 600 | | | | | | 42,180 | | |
ANSYS, Inc.(a) | | | | | 2,600 | | | | | | 485,368 | | |
Appfolio, Inc., Class A(a) | | | | | 400 | | | | | | 31,360 | | |
Apple, Inc. | | | | | 77,725 | | | | | | 17,545,641 | | |
Applied Materials, Inc. | | | | | 44,128 | | | | | | 1,705,547 | | |
Applied Optoelectronics, Inc.(a) | | | | | 200 | | | | | | 4,932 | | |
Apptio, Inc., Class A(a) | | | | | 300 | | | | | | 11,088 | | |
Arista Networks, Inc.(a) | | | | | 900 | | | | | | 239,274 | | |
ARRIS International PLC(a) | | | | | 2,600 | | | | | | 67,574 | | |
Arrow Electronics, Inc.(a) | | | | | 1,200 | | | | | | 88,464 | | |
Aspen Technology, Inc.(a) | | | | | 1,200 | | | | | | 136,692 | | |
Atlassian Corp. PLC, Class A(a) | | | | | 1,500 | | | | | | 144,210 | | |
Autodesk, Inc.(a) | | | | | 3,300 | | | | | | 515,163 | | |
Automatic Data Processing, Inc. | | | | | 6,700 | | | | | | 1,009,422 | | |
Avaya Holdings Corp.(a) | | | | | 1,500 | | | | | | 33,210 | | |
Avnet, Inc. | | | | | 2,000 | | | | | | 89,540 | | |
AVX Corp. | | | | | 500 | | | | | | 9,025 | | |
Axcelis Technologies, Inc.(a) | | | | | 400 | | | | | | 7,860 | | |
Badger Meter, Inc. | | | | | 5,361 | | | | | | 283,865 | | |
Belden, Inc. | | | | | 500 | | | | | | 35,705 | | |
Benchmark Electronics, Inc. | | | | | 600 | | | | | | 14,040 | | |
Benefitfocus, Inc.(a) | | | | | 200 | | | | | | 8,090 | | |
Black Knight, Inc.(a) | | | | | 2,300 | | | | | | 119,485 | | |
Blackbaud, Inc. | | | | | 4,800 | | | | | | 487,104 | | |
Blackline, Inc.(a) | | | | | 800 | | | | | | 45,176 | | |
Blucora, Inc.(a) | | | | | 500 | | | | | | 20,125 | | |
Booz Allen Hamilton Holding Corp. | | | | | 2,100 | | | | | | 104,223 | | |
Bottomline Technologies de, Inc.(a) | | | | | 500 | | | | | | 36,355 | | |
Box, Inc., Class A(a) | | | | | 1,800 | | | | | | 43,038 | | |
Brightcove, Inc.(a) | | | | | 400 | | | | | | 3,360 | | |
Broadcom, Inc. | | | | | 6,640 | | | | | | 1,638,287 | | |
Broadridge Financial Solutions, Inc. | | | | | 1,800 | | | | | | 237,510 | | |
Brooks Automation, Inc. | | | | | 800 | | | | | | 28,024 | | |
CA, Inc. | | | | | 4,800 | | | | | | 211,920 | | |
Cabot Microelectronics Corp. | | | | | 300 | | | | | | 30,951 | | |
CACI International, Inc., Class A(a) | | | | | 400 | | | | | | 73,660 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Cadence Design Systems, Inc.(a) | | | | | 4,200 | | | | | $ | 190,344 | | |
CalAmp Corp.(a) | | | | | 400 | | | | | | 9,584 | | |
Calix, Inc.(a) | | | | | 500 | | | | | | 4,050 | | |
Carbonite, Inc.(a) | | | | | 300 | | | | | | 10,695 | | |
Cardtronics PLC, Class A(a) | | | | | 500 | | | | | | 15,820 | | |
Care.com, Inc.(a) | | | | | 200 | | | | | | 4,422 | | |
Cargurus, Inc.(a) | | | | | 700 | | | | | | 38,983 | | |
Cars.com, Inc.(a) | | | | | 800 | | | | | | 22,088 | | |
Cass Information Systems, Inc. | | | | | 100 | | | | | | 6,512 | | |
CDK Global, Inc. | | | | | 1,900 | | | | | | 118,864 | | |
CDW Corp. | | | | | 2,300 | | | | | | 204,516 | | |
Ceridian HCM Holding, Inc.(a) | | | | | 300 | | | | | | 12,609 | | |
CEVA, Inc.(a) | | | | | 300 | | | | | | 8,625 | | |
ChannelAdvisor Corp.(a) | | | | | 300 | | | | | | 3,735 | | |
Ciena Corp.(a) | | | | | 2,500 | | | | | | 78,100 | | |
Cirrus Logic, Inc.(a) | | | | | 1,200 | | | | | | 46,320 | | |
Cisco Systems, Inc. | | | | | 72,200 | | | | | | 3,512,530 | | |
Cision Ltd.(a) | | | | | 1,300 | | | | | | 21,840 | | |
Citrix Systems, Inc.(a) | | | | | 2,200 | | | | | | 244,552 | | |
Cloudera, Inc.(a) | | | | | 1,100 | | | | | | 19,415 | | |
Cognex Corp. | | | | | 2,600 | | | | | | 145,132 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 9,000 | | | | | | 694,350 | | |
Coherent, Inc.(a) | | | | | 500 | | | | | | 86,095 | | |
Cohu, Inc. | | | | | 300 | | | | | | 7,530 | | |
CommScope Holding Co., Inc.(a) | | | | | 2,900 | | | | | | 89,204 | | |
CommVault Systems, Inc.(a) | | | | | 700 | | | | | | 49,000 | | |
Comtech Telecommunications Corp. | | | | | 300 | | | | | | 10,881 | | |
Conduent, Inc.(a) | | | | | 3,500 | | | | | | 78,820 | | |
Control4 Corp.(a) | | | | | 300 | | | | | | 10,299 | | |
Convergys Corp. | | | | | 1,100 | | | | | | 26,114 | | |
CoreLogic, Inc.(a) | | | | | 1,200 | | | | | | 59,292 | | |
Cornerstone OnDemand, Inc.(a) | | | | | 1,000 | | | | | | 56,750 | | |
Corning, Inc. | | | | | 12,500 | | | | | | 441,250 | | |
Coupa Software, Inc.(a) | | | | | 800 | | | | | | 63,280 | | |
Cray, Inc.(a) | | | | | 500 | | | | | | 10,750 | | |
Cree, Inc.(a) | | | | | 1,600 | | | | | | 60,592 | | |
CSG Systems International, Inc. | | | | | 400 | | | | | | 16,056 | | |
CTS Corp. | | | | | 400 | | | | | | 13,720 | | |
Cypress Semiconductor Corp. | | | | | 6,200 | | | | | | 89,838 | | |
Daktronics, Inc. | | | | | 400 | | | | | | 3,136 | | |
Dell Technologies, Inc. Class V, Class V(a) | | | | | 3,000 | | | | | | 291,360 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Diebold Nixdorf, Inc. | | | | | 900 | | | | | $ | 4,050 | | |
Digi International, Inc.(a) | | | | | 300 | | | | | | 4,035 | | |
Digimarc Corp.(a) | | | | | 100 | | | | | | 3,145 | | |
Diodes, Inc.(a) | | | | | 400 | | | | | | 13,316 | | |
DocuSign, Inc.(a) | | | | | 400 | | | | | | 21,028 | | |
Dolby Laboratories, Inc., Class A | | | | | 900 | | | | | | 62,973 | | |
DXC Technology Co. | | | | | 4,400 | | | | | | 411,488 | | |
eBay, Inc.(a) | | | | | 14,400 | | | | | | 475,488 | | |
Ebix, Inc. | | | | | 300 | | | | | | 23,745 | | |
EchoStar Corp., Class A(a) | | | | | 1,000 | | | | | | 46,370 | | |
Electro Scientific Industries, Inc.(a) | | | | | 400 | | | | | | 6,980 | | |
Electronic Arts, Inc.(a) | | | | | 14,575 | | | | | | 1,756,142 | | |
Electronics For Imaging, Inc.(a) | | | | | 500 | | | | | | 17,040 | | |
Ellie Mae, Inc.(a) | | | | | 600 | | | | | | 56,862 | | |
Endurance International Group Holdings, Inc.(a) | | | | | 700 | | | | | | 6,160 | | |
Entegris, Inc. | | | | | 2,100 | | | | | | 60,795 | | |
Envestnet, Inc.(a) | | | | | 900 | | | | | | 54,855 | | |
EPAM Systems, Inc.(a) | | | | | 800 | | | | | | 110,160 | | |
ePlus, Inc.(a) | | | | | 300 | | | | | | 27,810 | | |
Etsy, Inc.(a) | | | | | 2,100 | | | | | | 107,898 | | |
Euronet Worldwide, Inc.(a) | | | | | 900 | | | | | | 90,198 | | |
Everbridge, Inc.(a) | | | | | 600 | | | | | | 34,584 | | |
Everi Holdings, Inc.(a) | | | | | 700 | | | | | | 6,419 | | |
EVERTEC, Inc. | | | | | 700 | | | | | | 16,870 | | |
ExlService Holdings, Inc.(a) | | | | | 400 | | | | | | 26,480 | | |
Extreme Networks, Inc.(a) | | | | | 1,300 | | | | | | 7,124 | | |
F5 Networks, Inc.(a) | | | | | 900 | | | | | | 179,478 | | |
Fabrinet(a) | | | | | 400 | | | | | | 18,504 | | |
Facebook, Inc., Class A(a) | | | | | 36,400 | | | | | | 5,986,344 | | |
Fair Isaac Corp.(a) | | | | | 500 | | | | | | 114,275 | | |
FARO Technologies, Inc.(a) | | | | | 200 | | | | | | 12,870 | | |
Fidelity National Information Services, Inc. | | | | | 5,100 | | | | | | 556,257 | | |
Finisar Corp.(a) | | | | | 1,300 | | | | | | 24,765 | | |
FireEye, Inc.(a) | | | | | 3,500 | | | | | | 59,500 | | |
First Data Corp., Class A(a) | | | | | 8,700 | | | | | | 212,889 | | |
First Solar, Inc.(a) | | | | | 1,100 | | | | | | 53,262 | | |
Fiserv, Inc.(a) | | | | | 6,300 | | | | | | 518,994 | | |
Fitbit, Inc., Class A(a) | | | | | 2,200 | | | | | | 11,770 | | |
Five9, Inc.(a) | | | | | 1,100 | | | | | | 48,059 | | |
FleetCor Technologies, Inc.(a) | | | | | 1,400 | | | | | | 318,976 | | |
FLIR Systems, Inc. | | | | | 1,900 | | | | | | 116,793 | | |
ForeScout Technologies, Inc.(a) | | | | | 400 | | | | | | 15,104 | | |
FormFactor, Inc.(a) | | | | | 800 | | | | | | 11,000 | | |
Fortinet, Inc.(a) | | | | | 2,300 | | | | | | 212,221 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Gartner, Inc.(a) | | | | | 1,300 | | | | | $ | 206,050 | | |
Genpact Ltd. | | | | | 2,500 | | | | | | 76,525 | | |
Global Payments, Inc. | | | | | 2,400 | | | | | | 305,760 | | |
Glu Mobile, Inc.(a) | | | | | 1,200 | | | | | | 8,940 | | |
GoDaddy, Inc., Class A(a) | | | | | 2,600 | | | | | | 216,814 | | |
Gogo, Inc.(a) | | | | | 700 | | | | | | 3,633 | | |
GrubHub, Inc.(a) | | | | | 1,400 | | | | | | 194,068 | | |
GTT Communications, Inc.(a) | | | | | 1,000 | | | | | | 43,400 | | |
Guidewire Software, Inc.(a) | | | | | 4,200 | | | | | | 424,242 | | |
Hackett Group, Inc. (The) | | | | | 300 | | | | | | 6,045 | | |
Harmonic, Inc.(a) | | | | | 900 | | | | | | 4,950 | | |
Hewlett Packard Enterprise Co. | | | | | 24,200 | | | | | | 394,702 | | |
Hortonworks, Inc.(a) | | | | | 1,700 | | | | | | 38,777 | | |
HP, Inc. | | | | | 25,200 | | | | | | 649,404 | | |
HubSpot, Inc.(a) | | | | | 600 | | | | | | 90,570 | | |
IAC/InterActiveCorp(a) | | | | | 1,100 | | | | | | 238,392 | | |
Ichor Holdings Ltd.(a) | | | | | 200 | | | | | | 4,084 | | |
II-VI, Inc.(a) | | | | | 1,200 | | | | | | 56,760 | | |
Immersion Corp.(a) | | | | | 300 | | | | | | 3,171 | | |
Imperva, Inc.(a) | | | | | 400 | | | | | | 18,580 | | |
Impinj, Inc.(a) | | | | | 200 | | | | | | 4,964 | | |
Infinera Corp.(a) | | | | | 1,700 | | | | | | 12,410 | | |
Inphi Corp.(a) | | | | | 500 | | | | | | 18,990 | | |
Insight Enterprises, Inc.(a) | | | | | 400 | | | | | | 21,636 | | |
Instructure, Inc.(a) | | | | | 300 | | | | | | 10,620 | | |
Integrated Device Technology, Inc.(a) | | | | | 2,200 | | | | | | 103,422 | | |
Intel Corp. | | | | | 70,900 | | | | | | 3,352,861 | | |
InterDigital, Inc. | | | | | 700 | | | | | | 56,000 | | |
International Business Machines Corp. | | | | | 14,100 | | | | | | 2,132,061 | | |
Intuit, Inc. | | | | | 3,700 | | | | | | 841,380 | | |
IPG Photonics Corp.(a) | | | | | 500 | | | | | | 78,035 | | |
Itron, Inc.(a) | | | | | 400 | | | | | | 25,680 | | |
j2 Global, Inc. | | | | | 700 | | | | | | 57,995 | | |
Jabil, Inc. | | | | | 2,800 | | | | | | 75,824 | | |
Jack Henry & Associates, Inc. | | | | | 1,200 | | | | | | 192,096 | | |
Juniper Networks, Inc. | | | | | 5,900 | | | | | | 176,823 | | |
KEMET Corp.(a) | | | | | 600 | | | | | | 11,130 | | |
Keysight Technologies, Inc.(a) | | | | | 3,000 | | | | | | 198,840 | | |
Kimball Electronics, Inc.(a) | | | | | 300 | | | | | | 5,895 | | |
KLA-Tencor Corp. | | | | | 2,300 | | | | | | 233,933 | | |
Knowles Corp.(a) | | | | | 1,000 | | | | | | 16,620 | | |
Lam Research Corp. | | | | | 2,500 | | | | | | 379,250 | | |
Lattice Semiconductor Corp.(a) | | | | | 1,400 | | | | | | 11,200 | | |
Leidos Holdings, Inc. | | | | | 2,300 | | | | | | 159,068 | | |
LIiveRamp Holdings, Inc.(a) | | | | | 1,500 | | | | | | 74,115 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Limelight Networks, Inc.(a) | | | | | 1,100 | | | | | $ | 5,522 | | |
Littelfuse, Inc. | | | | | 400 | | | | | | 79,156 | | |
LivePerson, Inc.(a) | | | | | 600 | | | | | | 15,570 | | |
LogMeIn, Inc. | | | | | 3,200 | | | | | | 285,120 | | |
Lumentum Holdings, Inc.(a) | | | | | 1,200 | | | | | | 71,940 | | |
MACOM Technology Solutions Holdings, Inc.(a) | | | | | 500 | | | | | | 10,300 | | |
Manhattan Associates, Inc.(a) | | | | | 1,200 | | | | | | 65,520 | | |
ManTech International Corp., Class A | | | | | 300 | | | | | | 18,990 | | |
Marvell Technology Group Ltd. | | | | | 8,793 | | | | | | 169,705 | | |
Mastercard, Inc., Class A | | | | | 21,825 | | | | | | 4,858,463 | | |
Match Group, Inc.(a) | | | | | 700 | | | | | | 40,537 | | |
Maxim Integrated Products, Inc. | | | | | 4,200 | | | | | | 236,838 | | |
MAXIMUS, Inc. | | | | | 1,000 | | | | | | 65,060 | | |
MaxLinear, Inc.(a) | | | | | 700 | | | | | | 13,916 | | |
Mesa Laboratories, Inc. | | | | | 100 | | | | | | 18,562 | | |
Methode Electronics, Inc. | | | | | 400 | | | | | | 14,480 | | |
Microchip Technology, Inc. | | | | | 3,600 | | | | | | 284,076 | | |
Micron Technology, Inc.(a) | | | | | 17,600 | | | | | | 796,048 | | |
Microsoft Corp. | | | | | 140,750 | | | | | | 16,097,577 | | |
MicroStrategy, Inc., Class A(a) | | | | | 100 | | | | | | 14,062 | | |
MINDBODY, Inc., Class A(a) | | | | | 500 | | | | | | 20,325 | | |
Mitek Systems, Inc.(a) | | | | | 400 | | | | | | 2,820 | | |
MKS Instruments, Inc. | | | | | 1,000 | | | | | | 80,150 | | |
MobileIron, Inc.(a) | | | | | 700 | | | | | | 3,710 | | |
Model N, Inc.(a) | | | | | 300 | | | | | | 4,755 | | |
Monolithic Power Systems, Inc. | | | | | 700 | | | | | | 87,871 | | |
Monotype Imaging Holdings, Inc. | | | | | 500 | | | | | | 10,100 | | |
Motorola Solutions, Inc. | | | | | 2,400 | | | | | | 312,336 | | |
MTS Systems Corp. | | | | | 200 | | | | | | 10,950 | | |
Nanometrics, Inc.(a) | | | | | 300 | | | | | | 11,256 | | |
National Instruments Corp. | | | | | 1,700 | | | | | | 82,161 | | |
NCR Corp.(a) | | | | | 2,200 | | | | | | 62,502 | | |
NetApp, Inc. | | | | | 4,200 | | | | | | 360,738 | | |
NETGEAR, Inc.(a) | | | | | 400 | | | | | | 25,140 | | |
NetScout Systems, Inc.(a) | | | | | 1,000 | | | | | | 25,250 | | |
New Relic, Inc.(a) | | | | | 600 | | | | | | 56,538 | | |
NIC, Inc. | | | | | 700 | | | | | | 10,360 | | |
Novanta, Inc.(a) | | | | | 400 | | | | | | 27,360 | | |
Nuance Communications, Inc.(a) | | | | | 5,000 | | | | | | 86,600 | | |
Nutanix, Inc., Class A(a) | | | | | 1,700 | | | | | | 72,624 | | |
NVE Corp. | | | | | 100 | | | | | | 10,588 | | |
NVIDIA Corp. | | | | | 8,920 | | | | | | 2,506,698 | | |
NXP Semiconductors N.V.(a) | | | | | 5,200 | | | | | | 444,600 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Oclaro, Inc.(a) | | | | | 1,900 | | | | | $ | 16,986 | | |
Okta, Inc.(a) | | | | | 6,050 | | | | | | 425,678 | | |
ON Semiconductor Corp.(a) | | | | | 6,700 | | | | | | 123,481 | | |
OneSpan, Inc.(a) | | | | | 300 | | | | | | 5,715 | | |
Oracle Corp. | | | | | 43,400 | | | | | | 2,237,704 | | |
OSI Systems, Inc.(a) | | | | | 200 | | | | | | 15,262 | | |
Palo Alto Networks, Inc.(a) | | | | | 3,900 | | | | | | 878,514 | | |
Pandora Media, Inc.(a) | | | | | 2,800 | | | | | | 26,628 | | |
Park Electrochemical Corp. | | | | | 200 | | | | | | 3,898 | | |
Paychex, Inc. | | | | | 5,000 | | | | | | 368,250 | | |
Paycom Software, Inc.(a) | | | | | 800 | | | | | | 124,328 | | |
Paylocity Holding Corp.(a) | | | | | 600 | | | | | | 48,192 | | |
PayPal Holdings, Inc.(a) | | | | | 18,300 | | | | | | 1,607,472 | | |
PDF Solutions, Inc.(a) | | | | | 300 | | | | | | 2,709 | | |
Pegasystems, Inc. | | | | | 800 | | | | | | 50,080 | | |
Perficient, Inc.(a) | | | | | 400 | | | | | | 10,660 | | |
Perspecta, Inc. | | | | | 1,800 | | | | | | 46,296 | | |
Photronics, Inc.(a) | | | | | 800 | | | | | | 7,880 | | |
Plantronics, Inc. | | | | | 400 | | | | | | 24,120 | | |
Plexus Corp.(a) | | | | | 400 | | | | | | 23,404 | | |
Pluralsight, Inc., Class A(a) | | | | | 800 | | | | | | 25,600 | | |
Power Integrations, Inc. | | | | | 300 | | | | | | 18,960 | | |
Presidio, Inc.(a) | | | | | 400 | | | | | | 6,100 | | |
Progress Software Corp. | | | | | 500 | | | | | | 17,645 | | |
Proofpoint, Inc.(a) | | | | | 700 | | | | | | 74,431 | | |
PROS Holdings, Inc.(a) | | | | | 300 | | | | | | 10,506 | | |
PTC, Inc.(a) | | | | | 1,700 | | | | | | 180,523 | | |
Pure Storage, Inc., Class A(a) | | | | | 11,400 | | | | | | 295,830 | | |
Q2 Holdings, Inc.(a) | | | | | 400 | | | | | | 24,220 | | |
QAD, Inc., Class A | | | | | 100 | | | | | | 5,665 | | |
Qorvo, Inc.(a) | | | | | 2,000 | | | | | | 153,780 | | |
QUALCOMM, Inc. | | | | | 22,700 | | | | | | 1,635,081 | | |
Qualys, Inc.(a) | | | | | 700 | | | | | | 62,370 | | |
Quantenna Communications, Inc.(a) | | | | | 300 | | | | | | 5,535 | | |
QuinStreet, Inc.(a) | | | | | 400 | | | | | | 5,428 | | |
Quotient Technology, Inc.(a) | | | | | 900 | | | | | | 13,950 | | |
Rambus, Inc.(a) | | | | | 1,200 | | | | | | 13,092 | | |
Rapid7, Inc.(a) | | | | | 300 | | | | | | 11,076 | | |
RealPage, Inc.(a) | | | | | 1,100 | | | | | | 72,490 | | |
Red Hat, Inc.(a) | | | | | 7,200 | | | | | | 981,216 | | |
RingCentral, Inc., Class A(a) | | | | | 1,100 | | | | | | 102,355 | | |
Rogers Corp.(a) | | | | | 400 | | | | | | 58,928 | | |
Rosetta Stone, Inc.(a) | | | | | 200 | | | | | | 3,978 | | |
Rudolph Technologies, Inc.(a) | | | | | 400 | | | | | | 9,780 | | |
Sabre Corp. | | | | | 4,300 | | | | | | 112,144 | | |
SailPoint Technologies Holding, Inc.(a) | | | | | 1,000 | | | | | | 34,020 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
salesforce.com, Inc.(a) | | | | | 10,900 | | | | | $ | 1,733,427 | | |
Sanmina Corp.(a) | | | | | 800 | | | | | | 22,080 | | |
ScanSource, Inc.(a) | | | | | 300 | | | | | | 11,970 | | |
Science Applications International Corp. | | | | | 800 | | | | | | 64,480 | | |
Semtech Corp.(a) | | | | | 1,200 | | | | | | 66,720 | | |
SendGrid, Inc.(a) | | | | | 800 | | | | | | 29,432 | | |
ServiceNow, Inc.(a) | | | | | 2,700 | | | | | | 528,201 | | |
ServiceSource International, Inc.(a) | | | | | 900 | | | | | | 2,565 | | |
Shutterstock, Inc.(a) | | | | | 200 | | | | | | 10,916 | | |
Silicon Laboratories, Inc.(a) | | | | | 800 | | | | | | 73,440 | | |
Skyworks Solutions, Inc. | | | | | 2,700 | | | | | | 244,917 | | |
SMART Global Holdings, Inc.(a) | | | | | 100 | | | | | | 2,874 | | |
Splunk, Inc.(a) | | | | | 8,300 | | | | | | 1,003,553 | | |
SPS Commerce, Inc.(a) | | | | | 200 | | | | | | 19,848 | | |
Square, Inc., Class A(a) | | | | | 4,500 | | | | | | 445,545 | | |
SS&C Technologies Holdings, Inc. | | | | | 3,100 | | | | | | 176,173 | | |
Stamps.com, Inc.(a) | | | | | 300 | | | | | | 67,860 | | |
Stratasys Ltd.(a) | | | | | 600 | | | | | | 13,866 | | |
SunPower Corp.(a) | | | | | 700 | | | | | | 5,110 | | |
Switch, Inc., Class A | | | | | 400 | | | | | | 4,320 | | |
Sykes Enterprises, Inc.(a) | | | | | 400 | | | | | | 12,196 | | |
Symantec Corp. | | | | | 9,300 | | | | | | 197,904 | | |
Synaptics, Inc.(a) | | | | | 400 | | | | | | 18,248 | | |
SYNNEX Corp. | | | | | 500 | | | | | | 42,350 | | |
Synopsys, Inc.(a) | | | | | 5,200 | | | | | | 512,772 | | |
Syntel, Inc.(a) | | | | | 400 | | | | | | 16,392 | | |
Tableau Software, Inc., Class A(a) | | | | | 3,800 | | | | | | 424,612 | | |
Take-Two Interactive Software, Inc.(a) | | | | | 1,700 | | | | | | 234,583 | | |
Tech Data Corp.(a) | | | | | 500 | | | | | | 35,785 | | |
TechTarget, Inc.(a) | | | | | 200 | | | | | | 3,884 | | |
Teradata Corp.(a) | | | | | 2,000 | | | | | | 75,420 | | |
Teradyne, Inc. | | | | | 2,700 | | | | | | 99,846 | | |
Texas Instruments, Inc. | | | | | 29,600 | | | | | | 3,175,784 | | |
TiVo Corp. | | | | | 1,400 | | | | | | 17,430 | | |
Total System Services, Inc. | | | | | 2,700 | | | | | | 266,598 | | |
Trade Desk, Inc. (The), Class A(a) | | | | | 600 | | | | | | 90,546 | | |
Travelport Worldwide Ltd. | | | | | 1,400 | | | | | | 23,618 | | |
Trimble, Inc.(a) | | | | | 4,000 | | | | | | 173,840 | | |
TrueCar, Inc.(a) | | | | | 800 | | | | | | 11,280 | | |
TTEC Holdings, Inc. | | | | | 200 | | | | | | 5,180 | | |
TTM Technologies, Inc.(a) | | | | | 1,100 | | | | | | 17,501 | | |
Tucows, Inc., Class A(a) | | | | | 100 | | | | | | 5,575 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Twilio, Inc., Class A(a) | | | | | 1,100 | | | | | $ | 94,908 | | |
Twitter, Inc.(a) | | | | | 11,200 | | | | | | 318,752 | | |
Tyler Technologies, Inc.(a) | | | | | 600 | | | | | | 147,036 | | |
Ubiquiti Networks, Inc.(a) | | | | | 300 | | | | | | 29,658 | | |
Ultimate Software Group, Inc. (The)(a) | | | | | 500 | | | | | | 161,095 | | |
Ultra Clean Holdings, Inc.(a) | | | | | 400 | | | | | | 5,020 | | |
Unisys Corp.(a) | | | | | 600 | | | | | | 12,240 | | |
Universal Display Corp. | | | | | 700 | | | | | | 82,530 | | |
Upland Software, Inc.(a) | | | | | 100 | | | | | | 3,231 | | |
USA Technologies, Inc.(a) | | | | | 600 | | | | | | 4,320 | | |
Varonis Systems, Inc.(a) | | | | | 400 | | | | | | 29,300 | | |
Veeco Instruments, Inc.(a) | | | | | 500 | | | | | | 5,125 | | |
Verint Systems, Inc.(a) | | | | | 1,200 | | | | | | 60,120 | | |
VeriSign, Inc.(a) | | | | | 1,700 | | | | | | 272,204 | | |
Versum Materials, Inc. | | | | | 2,000 | | | | | | 72,020 | | |
ViaSat, Inc.(a) | | | | | 1,000 | | | | | | 63,950 | | |
Viavi Solutions, Inc.(a) | | | | | 2,600 | | | | | | 29,484 | | |
Virtusa Corp.(a) | | | | | 300 | | | | | | 16,113 | | |
Visa, Inc., Class A | | | | | 27,300 | | | | | | 4,097,457 | | |
Vishay Intertechnology, Inc. | | | | | 2,300 | | | | | | 46,805 | | |
Vishay Precision Group, Inc.(a) | | | | | 100 | | | | | | 3,740 | | |
VMware, Inc., Class A(a) | | | | | 1,100 | | | | | | 171,666 | | |
Web.com Group, Inc.(a) | | | | | 400 | | | | | | 11,160 | | |
Western Digital Corp. | | | | | 4,700 | | | | | | 275,138 | | |
Western Union Co. (The) | | | | | 7,400 | | | | | | 141,044 | | |
WEX, Inc.(a) | | | | | 600 | | | | | | 120,456 | | |
Workday, Inc., Class A(a) | | | | | 6,200 | | | | | | 905,076 | | |
Workiva, Inc.(a) | | | | | 300 | | | | | | 11,850 | | |
Worldpay, Inc., Class A(a) | | | | | 4,500 | | | | | | 455,715 | | |
Xcerra Corp.(a) | | | | | 600 | | | | | | 8,562 | | |
Xerox Corp. | | | | | 3,100 | | | | | | 83,638 | | |
Xilinx, Inc. | | | | | 14,033 | | | | | | 1,125,026 | | |
XO Group, Inc.(a) | | | | | 300 | | | | | | 10,344 | | |
Xperi Corp. | | | | | 600 | | | | | | 8,910 | | |
Yelp, Inc.(a) | | | | | 1,500 | | | | | | 73,800 | | |
Yext, Inc.(a) | | | | | 1,200 | | | | | | 28,440 | | |
Zebra Technologies Corp., Class A(a) | | | | | 900 | | | | | | 159,147 | | |
Zendesk, Inc.(a) | | | | | 1,700 | | | | | | 120,700 | | |
Zillow Group, Inc.(a) | | | | | 1,900 | | | | | | 84,075 | | |
Zillow Group, Inc., Class A(a) | | | | | 1,000 | | | | | | 44,200 | | |
Zix Corp.(a) | | | | | 600 | | | | | | 3,330 | | |
Zynga, Inc., Class A(a) | | | | | 14,700 | | | | | | 58,947 | | |
Total Information Technology | | | | | 134,970,907 | | | ||||||
MATERIALS – 3.5% | | ||||||||||||
AdvanSix, Inc.(a) | | | | | 300 | | | | | | 10,185 | | |
Air Products & Chemicals, Inc. | | | | | 3,400 | | | | | | 567,970 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
AK Steel Holding Corp.(a) | | | | | 3,600 | | | | | $ | 17,640 | | |
Albemarle Corp. | | | | | 1,700 | | | | | | 169,626 | | |
Alcoa Corp.(a) | | | | | 3,000 | | | | | | 121,200 | | |
Allegheny Technologies, Inc.(a) | | | | | 2,200 | | | | | | 65,010 | | |
American Vanguard Corp. | | | | | 300 | | | | | | 5,400 | | |
AptarGroup, Inc. | | | | | 12,526 | | | | | | 1,349,551 | | |
Ardagh Group S.A. | | | | | 200 | | | | | | 3,338 | | |
Ashland Global Holdings, Inc. | | | | | 900 | | | | | | 75,474 | | |
Avery Dennison Corp. | | | | | 1,400 | | | | | | 151,690 | | |
Axalta Coating Systems Ltd.(a) | | | | | 3,700 | | | | | | 107,892 | | |
Balchem Corp. | | | | | 400 | | | | | | 44,836 | | |
Ball Corp. | | | | | 5,200 | | | | | | 228,748 | | |
Bemis Co., Inc. | | | | | 1,500 | | | | | | 72,900 | | |
Berry Global Group, Inc.(a) | | | | | 1,900 | | | | | | 91,941 | | |
Boise Cascade Co. | | | | | 400 | | | | | | 14,720 | | |
Cabot Corp. | | | | | 1,100 | | | | | | 68,992 | | |
Carpenter Technology Corp. | | | | | 1,000 | | | | | | 58,950 | | |
Celanese Corp., Series A | | | | | 2,000 | | | | | | 228,000 | | |
Century Aluminum Co.(a) | | | | | 600 | | | | | | 7,182 | | |
CF Industries Holdings, Inc. | | | | | 3,700 | | | | | | 201,428 | | |
Chase Corp. | | | | | 100 | | | | | | 12,015 | | |
Chemours Co. (The) | | | | | 2,800 | | | | | | 110,432 | | |
Clearwater Paper Corp.(a) | | | | | 200 | | | | | | 5,940 | | |
Cleveland-Cliffs, Inc.(a) | | | | | 5,200 | | | | | | 65,832 | | |
Coeur Mining, Inc.(a) | | | | | 2,100 | | | | | | 11,193 | | |
Commercial Metals Co. | | | | | 1,300 | | | | | | 26,676 | | |
Compass Minerals International, Inc. | | | | | 400 | | | | | | 26,880 | | |
Crown Holdings, Inc.(a) | | | | | 1,900 | | | | | | 91,200 | | |
Domtar Corp. | | | | | 1,100 | | | | | | 57,387 | | |
DowDuPont, Inc. | | | | | 35,700 | | | | | | 2,295,867 | | |
Eagle Materials, Inc. | | | | | 700 | | | | | | 59,668 | | |
Eastman Chemical Co. | | | | | 2,100 | | | | | | 201,012 | | |
Ecolab, Inc. | | | | | 22,089 | | | | | | 3,463,114 | | |
Ferro Corp.(a) | | | | | 1,000 | | | | | | 23,220 | | |
FMC Corp. | | | | | 2,100 | | | | | | 183,078 | | |
Freeport-McMoRan, Inc. | | | | | 22,600 | | | | | | 314,592 | | |
FutureFuel Corp. | | | | | 300 | | | | | | 5,562 | | |
GCP Applied Technologies, Inc.(a) | | | | | 800 | | | | | | 21,240 | | |
Gold Resource Corp. | | | | | 600 | | | | | | 3,084 | | |
Graphic Packaging Holding Co. | | | | | 5,200 | | | | | | 72,852 | | |
Greif, Inc., Class A | | | | | 300 | | | | | | 16,098 | | |
Greif, Inc., Class B | | | | | 100 | | | | | | 5,765 | | |
Hawkins, Inc. | | | | | 100 | | | | | | 4,145 | | |
Haynes International, Inc. | | | | | 100 | | | | | | 3,550 | | |
HB Fuller Co. | | | | | 600 | | | | | | 31,002 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
Hecla Mining Co. | | | | | 5,304 | | | | | $ | 14,798 | | |
Huntsman Corp. | | | | | 3,600 | | | | | | 98,028 | | |
Ingevity Corp.(a) | | | | | 700 | | | | | | 71,316 | | |
Innophos Holdings, Inc. | | | | | 200 | | | | | | 8,880 | | |
Innospec, Inc. | | | | | 300 | | | | | | 23,025 | | |
International Flavors & Fragrances, Inc. | | | | | 4,340 | | | | | | 603,781 | | |
International Paper Co. | | | | | 6,500 | | | | | | 319,475 | | |
Intrepid Potash, Inc.(a) | | | | | 1,100 | | | | | | 3,949 | | |
Kaiser Aluminum Corp. | | | | | 200 | | | | | | 21,812 | | |
KapStone Paper and Packaging Corp. | | | | | 1,700 | | | | | | 57,647 | | |
KMG Chemicals, Inc. | | | | | 100 | | | | | | 7,556 | | |
Koppers Holdings, Inc.(a) | | | | | 200 | | | | | | 6,230 | | |
Kraton Corp.(a) | | | | | 300 | | | | | | 14,145 | | |
Kronos Worldwide, Inc. | | | | | 300 | | | | | | 4,875 | | |
Louisiana-Pacific Corp. | | | | | 2,700 | | | | | | 71,523 | | |
LyondellBasell Industries N.V., Class A | | | | | 4,900 | | | | | | 502,299 | | |
Martin Marietta Materials, Inc. | | | | | 1,000 | | | | | | 181,950 | | |
Materion Corp. | | | | | 200 | | | | | | 12,100 | | |
Minerals Technologies, Inc. | | | | | 400 | | | | | | 27,040 | | |
Mosaic Co. (The) | | | | | 5,400 | | | | | | 175,392 | | |
Myers Industries, Inc. | | | | | 300 | | | | | | 6,975 | | |
Neenah, Inc. | | | | | 200 | | | | | | 17,260 | | |
NewMarket Corp. | | | | | 100 | | | | | | 40,551 | | |
Newmont Mining Corp. | | | | | 7,900 | | | | | | 238,580 | | |
Nucor Corp. | | | | | 4,700 | | | | | | 298,215 | | |
Olin Corp. | | | | | 2,400 | | | | | | 61,632 | | |
OMNOVA Solutions, Inc.(a) | | | | | 500 | | | | | | 4,925 | | |
Owens-Illinois, Inc.(a) | | | | | 3,100 | | | | | | 58,249 | | |
Packaging Corp. of America | | | | | 1,400 | | | | | | 153,566 | | |
PH Glatfelter Co. | | | | | 500 | | | | | | 9,555 | | |
Platform Specialty Products Corp.(a) | | | | | 4,400 | | | | | | 54,868 | | |
PolyOne Corp. | | | | | 1,500 | | | | | | 65,580 | | |
PPG Industries, Inc. | | | | | 3,700 | | | | | | 403,781 | | |
PQ Group Holdings, Inc.(a) | | | | | 300 | | | | | | 5,241 | | |
Praxair, Inc. | | | | | 4,500 | | | | | | 723,285 | | |
Quaker Chemical Corp. | | | | | 200 | | | | | | 40,442 | | |
Rayonier Advanced Materials, Inc. | | | | | 600 | | | | | | 11,058 | | |
Reliance Steel & Aluminum Co. | | | | | 1,000 | | | | | | 85,290 | | |
Royal Gold, Inc. | | | | | 900 | | | | | | 69,354 | | |
RPM International, Inc. | | | | | 1,900 | | | | | | 123,386 | | |
Schnitzer Steel Industries, Inc., Class A | | | | | 300 | | | | | | 8,115 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
Schweitzer-Mauduit International, Inc. | | | | | 300 | | | | | $ | 11,493 | | |
Scotts Miracle-Gro Co. (The) | | | | | 500 | | | | | | 39,365 | | |
Sealed Air Corp. | | | | | 2,500 | | | | | | 100,375 | | |
Sensient Technologies Corp. | | | | | 800 | | | | | | 61,208 | | |
Sherwin-Williams Co. (The) | | | | | 7,625 | | | | | | 3,470,976 | | |
Silgan Holdings, Inc. | | | | | 900 | | | | | | 25,020 | | |
Sonoco Products Co. | | | | | 1,400 | | | | | | 77,700 | | |
Southern Copper Corp. | | | | | 1,200 | | | | | | 51,768 | | |
Steel Dynamics, Inc. | | | | | 3,500 | | | | | | 158,165 | | |
Stepan Co. | | | | | 200 | | | | | | 17,402 | | |
Summit Materials, Inc., Class A(a) | | | | | 1,300 | | | | | | 23,634 | | |
SunCoke Energy, Inc.(a) | | | | | 700 | | | | | | 8,134 | | |
Tahoe Resources, Inc.(a) | | | | | 3,600 | | | | | | 10,044 | | |
TimkenSteel Corp.(a) | | | | | 500 | | | | | | 7,435 | | |
Tredegar Corp. | | | | | 300 | | | | | | 6,495 | | |
Trinseo S.A. | | | | | 900 | | | | | | 70,470 | | |
Tronox Ltd., Class A | | | | | 1,000 | | | | | | 11,950 | | |
UFP Technologies, Inc.(a) | | | | | 100 | | | | | | 3,675 | | |
United States Steel Corp. | | | | | 2,500 | | | | | | 76,200 | | |
US Concrete, Inc.(a) | | | | | 200 | | | | | | 9,170 | | |
Valvoline, Inc. | | | | | 17,000 | | | | | | 365,670 | | |
Verso Corp., Class A(a) | | | | | 400 | | | | | | 13,468 | | |
Vulcan Materials Co. | | | | | 2,100 | | | | | | 233,520 | | |
Warrior Met Coal, Inc. | | | | | 400 | | | | | | 10,816 | | |
Westlake Chemical Corp. | | | | | 600 | | | | | | 49,866 | | |
WestRock Co. | | | | | 3,700 | | | | | | 197,728 | | |
Worthington Industries, Inc. | | | | | 500 | | | | | | 21,680 | | |
WR Grace & Co. | | | | | 1,100 | | | | | | 78,606 | | |
Total Materials | | | | | 20,691,839 | | | ||||||
REAL ESTATE – 3.3% | | ||||||||||||
Acadia Realty Trust | | | | | 900 | | | | | | 25,227 | | |
Agree Realty Corp. | | | | | 300 | | | | | | 15,936 | | |
Alexander & Baldwin, Inc. | | | | | 800 | | | | | | 18,152 | | |
Alexander’s, Inc. | | | | | 50 | | | | | | 17,165 | | |
Alexandria Real Estate Equities, Inc. | | | | | 1,700 | | | | | | 213,843 | | |
American Assets Trust, Inc. | | | | | 500 | | | | | | 18,645 | | |
American Campus Communities, Inc. | | | | | 2,200 | | | | | | 90,552 | | |
American Homes 4 Rent, Class A | | | | | 4,000 | | | | | | 87,560 | | |
American Tower Corp. | | | | | 6,700 | | | | | | 973,510 | | |
Americold Realty Trust | | | | | 1,800 | | | | | | 45,036 | | |
Apartment Investment & Management Co., Class A | | | | | 2,200 | | | | | | 97,086 | | |
Apple Hospitality REIT, Inc. | | | | | 3,600 | | | | | | 62,964 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Armada Hoffler Properties, Inc. | | | | | 500 | | | | | $ | 7,555 | | |
Ashford Hospitality Trust, Inc. | | | | | 900 | | | | | | 5,751 | | |
AvalonBay Communities, Inc. | | | | | 2,100 | | | | | | 380,415 | | |
Boston Properties, Inc. | | | | | 4,353 | | | | | | 535,811 | | |
Braemar Hotels & Resorts, Inc. | | | | | 300 | | | | | | 3,531 | | |
Brandywine Realty Trust | | | | | 3,300 | | | | | | 51,876 | | |
Brixmor Property Group, Inc. | | | | | 5,000 | | | | | | 87,550 | | |
Brookfield Property REIT, Inc., Class A | | | | | 3,496 | | | | | | 73,171 | | |
Camden Property Trust | | | | | 1,400 | | | | | | 130,998 | | |
CareTrust REIT, Inc. | | | | | 900 | | | | | | 15,939 | | |
CatchMark Timber Trust, Inc., Class A | | | | | 500 | | | | | | 5,715 | | |
CBL & Associates Properties, Inc. | | | | | 1,900 | | | | | | 7,581 | | |
CBRE Group, Inc., Class A(a) | | | | | 4,800 | | | | | | 211,680 | | |
Cedar Realty Trust, Inc. | | | | | 1,000 | | | | | | 4,660 | | |
Chatham Lodging Trust | | | | | 500 | | | | | | 10,445 | | |
Chesapeake Lodging Trust | | | | | 700 | | | | | | 22,449 | | |
City Office REIT, Inc. | | | | | 400 | | | | | | 5,048 | | |
Colony Capital, Inc. | | | | | 10,300 | | | | | | 62,727 | | |
Columbia Property Trust, Inc. | | | | | 1,400 | | | | | | 33,096 | | |
Community Healthcare Trust, Inc. | | | | | 200 | | | | | | 6,196 | | |
CoreCivic, Inc. | | | | | 2,300 | | | | | | 55,959 | | |
CorEnergy Infrastructure Trust, Inc. | | | | | 100 | | | | | | 3,758 | | |
CorePoint Lodging, Inc.(a) | | | | | 450 | | | | | | 8,752 | | |
CoreSite Realty Corp. | | | | | 600 | | | | | | 66,684 | | |
Corporate Office Properties Trust | | | | | 1,800 | | | | | | 53,694 | | |
Cousins Properties, Inc. | | | | | 7,100 | | | | | | 63,119 | | |
Crown Castle International Corp. | | | | | 6,300 | | | | | | 701,379 | | |
CubeSmart | | | | | 2,900 | | | | | | 82,737 | | |
Cushman & Wakefield PLC(a) | | | | | 1,500 | | | | | | 25,485 | | |
CyrusOne, Inc. | | | | | 1,700 | | | | | | 107,780 | | |
DDR Corp. | | | | | 2,400 | | | | | | 32,136 | | |
DiamondRock Hospitality Co. | | | | | 2,300 | | | | | | 26,841 | | |
Digital Realty Trust, Inc. | | | | | 3,200 | | | | | | 359,936 | | |
Douglas Emmett, Inc. | | | | | 2,300 | | | | | | 86,756 | | |
Duke Realty Corp. | | | | | 5,700 | | | | | | 161,709 | | |
Easterly Government Properties, Inc. | | | | | 500 | | | | | | 9,685 | | |
EastGroup Properties, Inc. | | | | | 700 | | | | | | 66,934 | | |
Empire State Realty Trust, Inc., Class A | | | | | 1,500 | | | | | | 24,915 | | |
EPR Properties | | | | | 1,100 | | | | | | 75,251 | | |
Equinix, Inc. | | | | | 1,190 | | | | | | 515,139 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Equity Commonwealth(a) | | | | | 61,023 | | | | | $ | 1,958,228 | | |
Equity LifeStyle Properties, Inc. | | | | | 1,300 | | | | | | 125,385 | | |
Equity Residential | | | | | 5,600 | | | | | | 371,056 | | |
Essex Property Trust, Inc. | | | | | 1,000 | | | | | | 246,710 | | |
Extra Space Storage, Inc. | | | | | 1,800 | | | | | | 155,952 | | |
Farmland Partners, Inc. | | | | | 400 | | | | | | 2,680 | | |
Federal Realty Investment Trust | | | | | 1,200 | | | | | | 151,764 | | |
First Industrial Realty Trust, Inc. | | | | | 2,200 | | | | | | 69,080 | | |
Forest City Realty Trust, Inc., Class A | | | | | 4,000 | | | | | | 100,360 | | |
Four Corners Property Trust, Inc. | | | | | 700 | | | | | | 17,983 | | |
Franklin Street Properties Corp. | | | | | 1,200 | | | | | | 9,588 | | |
Front Yard Residential Corp. | | | | | 600 | | | | | | 6,510 | | |
FRP Holdings, Inc.(a) | | | | | 100 | | | | | | 6,210 | | |
Gaming and Leisure Properties, Inc. | | | | | 2,800 | | | | | | 98,700 | | |
GEO Group, Inc. (The) | | | | | 2,300 | | | | | | 57,868 | | |
Getty Realty Corp. | | | | | 400 | | | | | | 11,424 | | |
Gladstone Commercial Corp. | | | | | 300 | | | | | | 5,745 | | |
Global Net Lease, Inc. | | | | | 800 | | | | | | 16,680 | | |
Government Properties Income Trust | | | | | 1,100 | | | | | | 12,419 | | |
Gramercy Property Trust | | | | | 2,600 | | | | | | 71,344 | | |
HCP, Inc. | | | | | 7,400 | | | | | | 194,768 | | |
Healthcare Realty Trust, Inc. | | | | | 30,546 | | | | | | 893,776 | | |
Healthcare Trust of America, Inc., Class A | | | | | 2,900 | | | | | | 77,343 | | |
Hersha Hospitality Trust | | | | | 400 | | | | | | 9,068 | | |
HFF, Inc., Class A | | | | | 400 | | | | | | 16,992 | | |
Highwoods Properties, Inc. | | | | | 1,700 | | | | | | 80,342 | | |
Hospitality Properties Trust | | | | | 2,700 | | | | | | 77,868 | | |
Host Hotels & Resorts, Inc. | | | | | 10,900 | | | | | | 229,990 | | |
Howard Hughes Corp. (The)(a) | | | | | 700 | | | | | | 86,954 | | |
Hudson Pacific Properties, Inc. | | | | | 2,400 | | | | | | 78,528 | | |
Independence Realty Trust, Inc. | | | | | 1,000 | | | | | | 10,530 | | |
Industrial Logistics Properties Trust | | | | | 200 | | | | | | 4,602 | | |
InfraREIT, Inc.(a) | | | | | 500 | | | | | | 10,575 | | |
Investors Real Estate Trust | | | | | 1,400 | | | | | | 8,372 | | |
Invitation Homes, Inc. | | | | | 5,000 | | | | | | 114,550 | | |
Iron Mountain, Inc. | | | | | 4,500 | | | | | | 155,340 | | |
iStar, Inc.(a) | | | | | 800 | | | | | | 8,936 | | |
JBG SMITH Properties | | | | | 1,500 | | | | | | 55,245 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Jernigan Capital, Inc. | | | | | 200 | | | | | $ | 3,858 | | |
Jones Lang LaSalle, Inc. | | | | | 800 | | | | | | 115,456 | | |
Kennedy-Wilson Holdings, Inc. | | | | | 2,500 | | | | | | 53,750 | | |
Kilroy Realty Corp. | | | | | 1,600 | | | | | | 114,704 | | |
Kimco Realty Corp. | | | | | 6,300 | | | | | | 105,462 | | |
Kite Realty Group Trust | | | | | 900 | | | | | | 14,985 | | |
Lamar Advertising Co., Class A | | | | | 1,300 | | | | | | 101,140 | | |
LaSalle Hotel Properties | | | | | 1,900 | | | | | | 65,721 | | |
Lexington Realty Trust | | | | | 2,500 | | | | | | 20,750 | | |
Liberty Property Trust | | | | | 2,100 | | | | | | 88,725 | | |
Life Storage, Inc. | | | | | 700 | | | | | | 66,612 | | |
LTC Properties, Inc. | | | | | 500 | | | | | | 22,055 | | |
Macerich Co. (The) | | | | | 1,900 | | | | | | 105,051 | | |
Mack-Cali Realty Corp. | | | | | 1,000 | | | | | | 21,260 | | |
Marcus & Millichap, Inc.(a) | | | | | 200 | | | | | | 6,942 | | |
MedEquities Realty Trust, Inc. | | | | | 300 | | | | | | 2,916 | | |
Medical Properties Trust, Inc. | | | | | 6,000 | | | | | | 89,460 | | |
Mid-America Apartment Communities, Inc. | | | | | 1,800 | | | | | | 180,324 | | |
Monmouth Real Estate Investment Corp. | | | | | 900 | | | | | | 15,048 | | |
National Health Investors, Inc. | | | | | 500 | | | | | | 37,795 | | |
National Retail Properties, Inc. | | | | | 2,300 | | | | | | 103,086 | | |
National Storage Affiliates Trust | | | | | 600 | | | | | | 15,264 | | |
New Senior Investment Group, Inc. | | | | | 900 | | | | | | 5,310 | | |
Newmark Group, Inc., Class A | | | | | 300 | | | | | | 3,357 | | |
NexPoint Residential Trust, Inc. | | | | | 200 | | | | | | 6,640 | | |
NorthStar Realty Europe Corp. | | | | | 600 | | | | | | 8,496 | | |
Omega Healthcare Investors, Inc. | | | | | 2,800 | | | | | | 91,756 | | |
One Liberty Properties, Inc. | | | | | 200 | | | | | | 5,556 | | |
Outfront Media, Inc. | | | | | 1,600 | | | | | | 31,920 | | |
Paramount Group, Inc. | | | | | 3,900 | | | | | | 58,851 | | |
Park Hotels & Resorts, Inc. | | | | | 2,900 | | | | | | 95,178 | | |
Pebblebrook Hotel Trust | | | | | 800 | | | | | | 29,096 | | |
Pennsylvania Real Estate Investment Trust | | | | | 800 | | | | | | 7,568 | | |
Physicians Realty Trust | | | | | 3,400 | | | | | | 57,324 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 1,600 | | | | | | 30,288 | | |
PotlatchDeltic Corp. | | | | | 1,200 | | | | | | 49,140 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 400 | | | | | | 7,032 | | |
Prologis, Inc. | | | | | 9,530 | | | | | | 646,039 | | |
PS Business Parks, Inc. | | | | | 400 | | | | | | 50,836 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Public Storage | | | | | 2,300 | | | | | $ | 463,749 | | |
QTS Realty Trust, Inc., Class A | | | | | 600 | | | | | | 25,602 | | |
Ramco-Gershenson Properties Trust | | | | | 900 | | | | | | 12,240 | | |
Rayonier, Inc. | | | | | 2,100 | | | | | | 71,001 | | |
RE/MAX Holdings, Inc., Class A | | | | | 200 | | | | | | 8,870 | | |
Realogy Holdings Corp. | | | | | 2,600 | | | | | | 53,664 | | |
Realty Income Corp. | | | | | 4,700 | | | | | | 267,383 | | |
Redfin Corp.(a) | | | | | 700 | | | | | | 13,090 | | |
Regency Centers Corp. | | | | | 2,300 | | | | | | 148,741 | | |
Retail Opportunity Investments Corp. | | | | | 1,200 | | | | | | 22,404 | | |
Retail Properties of America, Inc., Class A | | | | | 4,400 | | | | | | 53,636 | | |
Retail Value, Inc.(a) | | | | | 240 | | | | | | 7,845 | | |
Rexford Industrial Realty, Inc. | | | | | 1,600 | | | | | | 51,136 | | |
RLJ Lodging Trust | | | | | 2,900 | | | | | | 63,887 | | |
RMR Group, Inc. (The), Class A | | | | | 100 | | | | | | 9,280 | | |
Ryman Hospitality Properties, Inc. | | | | | 800 | | | | | | 68,936 | | |
Sabra Health Care REIT, Inc. | | | | | 3,100 | | | | | | 71,672 | | |
Saul Centers, Inc. | | | | | 100 | | | | | | 5,600 | | |
SBA Communications Corp.(a) | | | | | 1,700 | | | | | | 273,071 | | |
Select Income REIT | | | | | 700 | | | | | | 15,358 | | |
Senior Housing Properties Trust | | | | | 4,000 | | | | | | 70,240 | | |
Seritage Growth Properties | | | | | 300 | | | | | | 14,247 | | |
Simon Property Group, Inc. | | | | | 4,700 | | | | | | 830,725 | | |
SL Green Realty Corp. | | | | | 1,500 | | | | | | 146,295 | | |
Spirit MTA REIT(a) | | | | | 530 | | | | | | 6,106 | | |
Spirit Realty Capital, Inc. | | | | | 8,600 | | | | | | 69,316 | | |
St Joe Co. (The)(a) | | | | | 500 | | | | | | 8,400 | | |
STAG Industrial, Inc. | | | | | 1,900 | | | | | | 52,250 | | |
STORE Capital Corp. | | | | | 2,900 | | | | | | 80,591 | | |
Stratus Properties, Inc.(a) | | | | | 100 | | | | | | 3,060 | | |
Summit Hotel Properties, Inc. | | | | | 1,200 | | | | | | 16,236 | | |
Sun Communities, Inc. | | | | | 1,400 | | | | | | 142,156 | | |
Sunstone Hotel Investors, Inc. | | | | | 4,200 | | | | | | 68,712 | | |
Tanger Factory Outlet Centers, Inc. | | | | | 1,100 | | | | | | 25,168 | | |
Taubman Centers, Inc. | | | | | 1,000 | | | | | | 59,830 | | |
Tejon Ranch Co.(a) | | | | | 200 | | | | | | 4,342 | | |
Terreno Realty Corp. | | | | | 600 | | | | | | 22,620 | | |
Tier REIT, Inc. | | | | | 500 | | | | | | 12,050 | | |
UDR, Inc. | | | | | 4,300 | | | | | | 173,849 | | |
UMH Properties, Inc. | | | | | 400 | | | | | | 6,256 | | |
Uniti Group, Inc.(a) | | | | | 3,100 | | | | | | 62,465 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Universal Health Realty Income Trust | | | | | 100 | | | | | $ | 7,441 | | |
Urban Edge Properties | | | | | 2,200 | | | | | | 48,576 | | |
Urstadt Biddle Properties, Inc., Class A | | | | | 300 | | | | | | 6,387 | | |
Ventas, Inc. | | | | | 5,700 | | | | | | 309,966 | | |
VEREIT, Inc. | | | | | 13,900 | | | | | | 100,914 | | |
VICI Properties, Inc. | | | | | 6,300 | | | | | | 136,206 | | |
Vornado Realty Trust | | | | | 2,700 | | | | | | 197,100 | | |
Washington Prime Group, Inc. | | | | | 2,100 | | | | | | 15,330 | | |
Washington Real Estate Investment Trust | | | | | 900 | | | | | | 27,585 | | |
Weingarten Realty Investors | | | | | 2,300 | | | | | | 68,448 | | |
Welltower, Inc. | | | | | 5,800 | | | | | | 373,056 | | |
Weyerhaeuser Co. | | | | | 11,700 | | | | | | 377,559 | | |
Whitestone REIT | | | | | 400 | | | | | | 5,552 | | |
WP Carey, Inc. | | | | | 1,700 | | | | | | 109,327 | | |
Xenia Hotels & Resorts, Inc. | | | | | 2,200 | | | | | | 52,140 | | |
Total Real Estate | | | | | 19,418,401 | | | ||||||
UTILITIES – 2.4% | | ||||||||||||
AES Corp. | | | | | 10,300 | | | | | | 144,200 | | |
ALLETE, Inc. | | | | | 900 | | | | | | 67,509 | | |
Alliant Energy Corp. | | | | | 3,600 | | | | | | 153,252 | | |
Ameren Corp. | | | | | 3,600 | | | | | | 227,592 | | |
American Electric Power Co., Inc. | | | | | 7,600 | | | | | | 538,688 | | |
American States Water Co. | | | | | 400 | | | | | | 24,456 | | |
American Water Works Co., Inc. | | | | | 5,772 | | | | | | 507,763 | | |
Aqua America, Inc. | | | | | 2,600 | | | | | | 95,940 | | |
Artesian Resources Corp., Class A | | | | | 100 | | | | | | 3,678 | | |
Atlantic Power Corp.(a) | | | | | 1,300 | | | | | | 2,860 | | |
Atmos Energy Corp. | | | | | 1,800 | | | | | | 169,038 | | |
Avangrid, Inc. | | | | | 700 | | | | | | 33,551 | | |
Avista Corp. | | | | | 1,100 | | | | | | 55,616 | | |
Black Hills Corp. | | | | | 1,000 | | | | | | 58,090 | | |
California Water Service Group | | | | | 7,092 | | | | | | 304,247 | | |
CenterPoint Energy, Inc. | | | | | 6,800 | | | | | | 188,020 | | |
Chesapeake Utilities Corp. | | | | | 200 | | | | | | 16,780 | | |
Clearway Energy, Inc. | | | | | 700 | | | | | | 13,475 | | |
Clearway Energy, Inc., Class A | | | | | 400 | | | | | | 7,616 | | |
CMS Energy Corp. | | | | | 4,200 | | | | | | 205,800 | | |
Connecticut Water Service, Inc. | | | | | 12,163 | | | | | | 843,747 | | |
Consolidated Edison, Inc. | | | | | 4,900 | | | | | | 373,331 | | |
Dominion Energy, Inc. | | | | | 10,100 | | | | | | 709,828 | | |
DTE Energy Co. | | | | | 2,700 | | | | | | 294,651 | | |
Duke Energy Corp. | | | | | 10,800 | | | | | | 864,216 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Edison International | | | | | 4,700 | | | | | $ | 318,096 | | |
El Paso Electric Co. | | | | | 500 | | | | | | 28,600 | | |
Entergy Corp. | | | | | 2,700 | | | | | | 219,051 | | |
Evergy, Inc. | | | | | 4,194 | | | | | | 230,335 | | |
Eversource Energy | | | | | 4,700 | | | | | | 288,768 | | |
Exelon Corp. | | | | | 14,500 | | | | | | 633,070 | | |
FirstEnergy Corp. | | | | | 7,200 | | | | | | 267,624 | | |
Hawaiian Electric Industries, Inc. | | | | | 1,900 | | | | | | 67,621 | | |
IDACORP, Inc. | | | | | 900 | | | | | | 89,307 | | |
MDU Resources Group, Inc. | | | | | 2,800 | | | | | | 71,932 | | |
MGE Energy, Inc. | | | | | 400 | | | | | | 25,540 | | |
Middlesex Water Co. | | | | | 200 | | | | | | 9,684 | | |
National Fuel Gas Co. | | | | | 1,300 | | | | | | 72,878 | | |
New Jersey Resources Corp. | | | | | 1,600 | | | | | | 73,760 | | |
NextEra Energy, Inc. | | | | | 7,200 | | | | | | 1,206,720 | | |
NiSource, Inc. | | | | | 5,200 | | | | | | 129,584 | | |
Northwest Natural Holding Co. | | | | | 300 | | | | | | 20,070 | | |
NorthWestern Corp. | | | | | 600 | | | | | | 35,196 | | |
NRG Energy, Inc. | | | | | 4,800 | | | | | | 179,520 | | |
OGE Energy Corp. | | | | | 2,800 | | | | | | 101,696 | | |
ONE Gas, Inc. | | | | | 1,000 | | | | | | 82,280 | | |
Ormat Technologies, Inc. | | | | | 500 | | | | | | 27,055 | | |
Otter Tail Corp. | | | | | 500 | | | | | | 23,950 | | |
Pattern Energy Group, Inc., Class A | | | | | 900 | | | | | | 17,883 | | |
PG&E Corp. | | | | | 8,100 | | | | | | 372,681 | | |
Pinnacle West Capital Corp. | | | | | 1,800 | | | | | | 142,524 | | |
PNM Resources, Inc. | | | | | 1,400 | | | | | | 55,230 | | |
Portland General Electric Co. | | | | | 1,600 | | | | | | 72,976 | | |
PPL Corp. | | | | | 10,900 | | | | | | 318,934 | | |
Public Service Enterprise Group, Inc. | | | | | 7,800 | | | | | | 411,762 | | |
SCANA Corp. | | | | | 2,100 | | | | | | 81,669 | | |
Sempra Energy | | | | | 4,100 | | | | | | 466,375 | | |
SJW Group | | | | | 4,708 | | | | | | 287,894 | | |
South Jersey Industries, Inc. | | | | | 1,500 | | | | | | 52,905 | | |
Southern Co. (The) | | | | | 15,500 | | | | | | 675,800 | | |
Southwest Gas Holdings, Inc. | | | | | 700 | | | | | | 55,321 | | |
Spire, Inc. | | | | | 700 | | | | | | 51,485 | | |
TerraForm Power, Inc., Class A | | | | | 500 | | | | | | 5,775 | | |
UGI Corp. | | | | | 2,700 | | | | | | 149,796 | | |
Unitil Corp. | | | | | 200 | | | | | | 10,180 | | |
Vectren Corp. | | | | | 1,300 | | | | | | 92,937 | | |
Vistra Energy Corp.(a) | | | | | 5,900 | | | | | | 146,792 | | |
WEC Energy Group, Inc. | | | | | 4,700 | | | | | | 313,772 | | |
Xcel Energy, Inc. | | | | | 7,900 | | | | | | 372,959 | | |
York Water Co. (The) | | | | | 100 | | | | | | 3,040 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Total Utilities | | | | | | | | | | $ | 14,264,971 | | |
TOTAL COMMON STOCKS (Cost: $545,382,833) | | | | | | | | | | | 578,682,357 | | |
RIGHTS – 0.0%(b) | | ||||||||||||
MATERIALS – 0.0%(b) | | ||||||||||||
A. Schulman, Inc.(a) (Cost $573) | | | | | 300 | | | | | | 600 | | |
SHORT-TERM INVESTMENTS – 2.8% | | ||||||||||||
State Street Institutional Treasury Money Market Fund – Investor Class Shares, 1.87(c) (Cost: $16,637,821) | | | | | 16,637,821 | | | | | | 16,637,821 | | |
TOTAL INVESTMENTS – 100.1% (Cost: $562,021,227) | | | | | 595,320,778 | | | ||||||
OTHER ASSETS AND LIABILITIES, NET – (0.1)% | | | | | | | | | | | (327,135) | | |
NET ASSETS – 100.0% | | | | | | | | | | $ | 594,993,643 | | |
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/ Net Unrealized Appreciation (Depreciation) | | |||||||||||||||
CONTRACTS PURCHASED – 0.9% | | | | | | | |||||||||||||||||||||||||
E-Mini Russell 2000 Index | | | | | Long | | | | | | 250 | | | | | | 12/21/2018 | | | | | $ | 425,200 | | | | | $ | (4,706) | | |
E-Mini S&P 500 Index | | | | | Long | | | | | | 1,550 | | | | | | 12/21/2018 | | | | | | 4,524,450 | | | | | | 21,247 | | |
E-Mini S&P MidCap 400 Index | | | | | Long | | | | | | 300 | | | | | | 12/21/2018 | | | | | | 607,560 | | | | | | (4,687) | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 11,854 | | |
|
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
PFM Multi-Manager Domestic Equity Fund | | | | | | ||||||||||||||||||||
Assets: | | | | | | ||||||||||||||||||||
Investments in Securities: | | | | | | ||||||||||||||||||||
Common Stocks | | | | $ | 578,682,357 | | | | | $ | — | | | | | $ | — | | | | | $ | 578,682,357 | | |
Rights | | | | | — | | | | | | 600 | | | | | | — | | | | | | 600 | | |
Money Market Funds | | | | | 16,637,821 | | | | | | — | | | | | | — | | | | | | 16,637,821 | | |
Total Investments in Securities | | | | $ | 595,320,178 | | | | | $ | 600 | | | | | $ | — | | | | | $ | 595,320,778 | | |
Other Financial Instruments: | | | | | | ||||||||||||||||||||
Futures Contracts(a) | | | | $ | 21,247 | | | | | $ | — | | | | | $ | — | | | | | $ | 21,247 | | |
Liabilities: | | | | | | ||||||||||||||||||||
Other Financial Instruments: | | | | | | ||||||||||||||||||||
Futures Contracts(a) | | | | $ | (9,393) | | | | | $ | — | | | | | $ | — | | | | | $ | (9,393) | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 94.3% | | ||||||||||||
AUSTRALIA – 2.8% | | ||||||||||||
AGL Energy Ltd. | | | | | 4,003 | | | | | $ | 56,425 | | |
Alumina Ltd. | | | | | 13,103 | | | | | | 26,236 | | |
Amcor Ltd. | | | | | 6,982 | | | | | | 69,042 | | |
AMP Ltd. | | | | | 15,622 | | | | | | 36,023 | | |
APA Group | | | | | 7,343 | | | | | | 52,973 | | |
APN Outdoor Group Ltd. | | | | | 173,980 | | | | | | 837,571 | | |
Aristocrat Leisure Ltd. | | | | | 3,452 | | | | | | 70,966 | | |
ASX Ltd. | | | | | 1,199 | | | | | | 55,174 | | |
Aurizon Holdings Ltd. | | | | | 10,783 | | | | | | 32,035 | | |
AusNet Services | | | | | 9,663 | | | | | | 11,350 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 18,664 | | | | | | 380,184 | | |
Bank of Queensland Ltd. | | | | | 2,101 | | | | | | 16,736 | | |
Bendigo & Adelaide Bank Ltd. | | | | | 2,581 | | | | | | 20,056 | | |
BHP Billiton Ltd. | | | | | 20,401 | | | | | | 510,684 | | |
BHP Billiton PLC | | | | | 73,930 | | | | | | 1,610,375 | | |
BlueScope Steel Ltd. | | | | | 2,992 | | | | | | 36,724 | | |
Boral Ltd. | | | | | 6,275 | | | | | | 31,343 | | |
Brambles Ltd. | | | | | 9,688 | | | | | | 76,332 | | |
Caltex Australia Ltd. | | | | | 1,396 | | | | | | 30,172 | | |
Challenger Ltd. | | | | | 3,105 | | | | | | 25,138 | | |
CIMIC Group Ltd. | | | | | 521 | | | | | | 19,342 | | |
Coca-Cola Amatil Ltd. | | | | | 2,907 | | | | | | 20,509 | | |
Cochlear Ltd. | | | | | 308 | | | | | | 44,670 | | |
Commonwealth Bank of Australia | | | | | 11,155 | | | | | | 575,807 | | |
Computershare Ltd. | | | | | 2,473 | | | | | | 35,663 | | |
Crown Resorts Ltd. | | | | | 2,028 | | | | | | 20,069 | | |
CSL Ltd. | | | | | 2,875 | | | | | | 417,945 | | |
Dexus | | | | | 5,446 | | | | | | 41,571 | | |
Domino’s Pizza Enterprises Ltd. | | | | | 328 | | | | | | 12,613 | | |
Flight Centre Travel Group Ltd. | | | | | 298 | | | | | | 11,451 | | |
Fortescue Metals Group Ltd. | | | | | 8,334 | | | | | | 23,615 | | |
Goodman Group | | | | | 9,639 | | | | | | 72,184 | | |
GPT Group (The) | | | | | 9,644 | | | | | | 36,320 | | |
GWA Group Ltd. | | | | | 286,558 | | | | | | 646,272 | | |
Harvey Norman Holdings Ltd. | | | | | 2,981 | | | | | | 7,585 | | |
Healthscope Ltd. | | | | | 9,304 | | | | | | 14,123 | | |
Incitec Pivot Ltd. | | | | | 9,031 | | | | | | 25,982 | | |
Insurance Australia Group Ltd. | | | | | 14,072 | | | | | | 74,459 | | |
LendLease Group | | | | | 3,640 | | | | | | 51,729 | | |
Macquarie Group Ltd. | | | | | 2,122 | | | | | | 193,331 | | |
Medibank Pvt Ltd. | | | | | 14,742 | | | | | | 31,010 | | |
Mirvac Group | | | | | 19,864 | | | | | | 34,604 | | |
MMG Ltd.(a) | | | | | 12,000 | | | | | | 6,208 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
AUSTRALIA – (continued) | | ||||||||||||
National Australia Bank Ltd. | | | | | 17,388 | | | | | $ | 349,542 | | |
Newcrest Mining Ltd. | | | | | 4,631 | | | | | | 64,975 | | |
Oil Search Ltd. | | | | | 7,340 | | | | | | 47,911 | | |
Orica Ltd. | | | | | 2,018 | | | | | | 24,842 | | |
Origin Energy Ltd.(a) | | | | | 10,560 | | | | | | 63,051 | | |
QBE Insurance Group Ltd. | | | | | 8,376 | | | | | | 67,327 | | |
Ramsay Health Care Ltd. | | | | | 757 | | | | | | 30,058 | | |
REA Group Ltd. | | | | | 282 | | | | | | 17,516 | | |
Santos Ltd. | | | | | 10,035 | | | | | | 52,663 | | |
Scentre Group | | | | | 31,378 | | | | | | 90,046 | | |
SEEK Ltd. | | | | | 1,783 | | | | | | 26,756 | | |
Sonic Healthcare Ltd. | | | | | 2,149 | | | | | | 38,695 | | |
South32 Ltd. | | | | | 30,854 | | | | | | 87,427 | | |
Stockland | | | | | 13,031 | | | | | | 39,091 | | |
Suncorp Group Ltd. | | | | | 7,739 | | | | | | 80,891 | | |
Sydney Airport | | | | | 5,905 | | | | | | 29,409 | | |
Tabcorp Holdings Ltd. | | | | | 10,222 | | | | | | 35,984 | | |
Telstra Corp. Ltd. | | | | | 25,811 | | | | | | 59,517 | | |
TPG Telecom Ltd. | | | | | 1,984 | | | | | | 12,248 | | |
Transurban Group | | | | | 15,271 | | | | | | 123,854 | | |
Treasury Wine Estates Ltd. | | | | | 3,890 | | | | | | 49,180 | | |
Vicinity Centres | | | | | 17,616 | | | | | | 33,362 | | |
Wesfarmers Ltd. | | | | | 7,367 | | | | | | 265,463 | | |
Westpac Banking Corp. | | | | | 21,777 | | | | | | 439,660 | | |
Woodside Petroleum Ltd. | | | | | 6,116 | | | | | | 170,560 | | |
Woolworths Group Ltd. | | | | | 8,653 | | | | | | 175,635 | | |
Total Australia | | | | | | | | | | | 8,878,264 | | |
AUSTRIA – 0.3% | | ||||||||||||
ANDRITZ AG | | | | | 390 | | | | | | 22,754 | | |
Erste Group Bank AG | | | | | 22,979 | | | | | | 954,602 | | |
OMV AG | | | | | 788 | | | | | | 44,272 | | |
Raiffeisen Bank International AG | | | | | 792 | | | | | | 22,805 | | |
voestalpine AG | | | | | 614 | | | | | | 28,088 | | |
Total Austria | | | | | | | | | | | 1,072,521 | | |
BELGIUM – 0.6% | | ||||||||||||
Ageas | | | | | 1,180 | | | | | | 63,447 | | |
Anheuser-Busch InBev S.A. | | | | | 16,781 | | | | | | 1,465,555 | | |
Colruyt S.A. | | | | | 453 | | | | | | 25,640 | | |
Groupe Bruxelles Lambert S.A. | | | | | 512 | | | | | | 53,680 | | |
KBC Group N.V. | | | | | 1,495 | | | | | | 111,263 | | |
Proximus SADP | | | | | 1,106 | | | | | | 26,427 | | |
Solvay S.A. | | | | | 464 | | | | | | 62,223 | | |
Telenet Group Holding N.V.(a) | | | | | 432 | | | | | | 23,785 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BELGIUM – (continued) | | ||||||||||||
UCB S.A. | | | | | 791 | | | | | $ | 71,083 | | |
Umicore S.A. | | | | | 1,285 | | | | | | 71,867 | | |
Total Belgium | | | | | | | | | | | 1,974,970 | | |
BRAZIL – 1.0% | | ||||||||||||
Ambev S.A. | | | | | 28,700 | | | | | | 130,333 | | |
Atacadao Distribuicao Comercio e Industria Ltda | | | | | 3,700 | | | | | | 13,569 | | |
B3 S.A. – Brasil Bolsa Balcao | | | | | 13,100 | | | | | | 75,904 | | |
Banco Bradesco S.A. | | | | | 6,800 | | | | | | 43,357 | | |
Banco do Brasil S.A. | | | | | 5,900 | | | | | | 43,024 | | |
Banco Santander Brasil S.A., (Unit) | | | | | 3,200 | | | | | | 28,295 | | |
BB Seguridade Participacoes S.A. | | | | | 116,100 | | | | | | 692,825 | | |
BR Malls Participacoes S.A.(a) | | | | | 7,300 | | | | | | 17,389 | | |
BRF S.A.(a) | | | | | 5,200 | | | | | | 28,288 | | |
CCR S.A. | | | | | 9,200 | | | | | | 19,272 | | |
Centrais Eletricas Brasileiras S.A.(a) | | | | | 2,900 | | | | | | 11,137 | | |
Cia de Saneamento Basico do Estado de Sao Paulo | | | | | 73,900 | | | | | | 431,665 | | |
Cia Siderurgica Nacional S.A.(a) | | | | | 6,300 | | | | | | 14,570 | | |
Cielo S.A. | | | | | 226,300 | | | | | | 686,428 | | |
Cosan S.A. Industria e Comercio | | | | | 1,600 | | | | | | 12,840 | | |
EDP – Energias do Brasil S.A. | | | | | 3,400 | | | | | | 10,768 | | |
Embraer S.A. | | | | | 4,800 | | | | | | 23,569 | | |
Engie Brasil Energia S.A. | | | | | 1,600 | | | | | | 14,057 | | |
Equatorial Energia S.A. | | | | | 1,300 | | | | | | 18,496 | | |
Fibria Celulose S.A. | | | | | 1,800 | | | | | | 33,660 | | |
Hypera S.A. | | | | | 2,900 | | | | | | 20,480 | | |
IRB Brasil Resseguros S/A | | | | | 1,800 | | | | | | 29,617 | | |
JBS S.A. | | | | | 9,400 | | | | | | 21,833 | | |
Klabin S.A., (Unit) | | | | | 5,200 | | | | | | 25,610 | | |
Kroton Educacional S.A. | | | | | 10,400 | | | | | | 29,357 | | |
Localiza Rent a Car S.A. | | | | | 3,900 | | | | | | 21,970 | | |
Lojas Renner S.A. | | | | | 5,000 | | | | | | 38,380 | | |
M Dias Branco S.A. | | | | | 1,200 | | | | | | 11,704 | | |
Magazine Luiza S.A. | | | | | 900 | | | | | | 27,297 | | |
Multiplan Empreendimentos Imobiliarios S.A. | | | | | 2,700 | | | | | | 12,509 | | |
Natura Cosmeticos S.A. | | | | | 2,400 | | | | | | 16,865 | | |
Odontoprev S.A. | | | | | 3,300 | | | | | | 10,467 | | |
Petrobras Distribuidora S.A. | | | | | 4,000 | | | | | | 19,314 | | |
Petroleo Brasileiro S.A. | | | | | 18,600 | | | | | | 111,594 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRAZIL – (continued) | | ||||||||||||
Porto Seguro S.A. | | | | | 1,100 | | | | | $ | 16,149 | | |
Raia Drogasil S.A. | | | | | 1,700 | | | | | | 30,489 | | |
Rumo S.A.(a) | | | | | 8,100 | | | | | | 30,045 | | |
Sul America S.A., (Unit) | | | | | 2,400 | | | | | | 15,451 | | |
Suzano Papel e Celulose S.A. | | | | | 3,100 | | | | | | 36,906 | | |
TIM Participacoes S.A. | | | | | 6,800 | | | | | | 19,751 | | |
Ultrapar Participacoes S.A. | | | | | 2,600 | | | | | | 24,033 | | |
Vale S.A. | | | | | 20,700 | | | | | | 306,614 | | |
WEG S.A. | | | | | 6,900 | | | | | | 33,744 | | |
Total Brazil | | | | | | | | | | | 3,259,625 | | |
BRITAIN – 12.4% | | ||||||||||||
3i Group PLC | | | | | 6,509 | | | | | | 79,850 | | |
Admiral Group PLC | | | | | 1,976 | | | | | | 53,571 | | |
AG Barr PLC | | | | | 69,964 | | | | | | 656,576 | | |
Anglo American PLC | | | | | 7,143 | | | | | | 160,415 | | |
Aon PLC | | | | | 11,500 | | | | | | 1,768,470 | | |
Ashtead Group PLC | | | | | 3,225 | | | | | | 102,438 | | |
Associated British Foods PLC | | | | | 2,376 | | | | | | 70,919 | | |
AstraZeneca PLC | | | | | 8,024 | | | | | | 623,639 | | |
Auto Trader Group PLC | | | | | 8,746 | | | | | | 50,910 | | |
Aviva PLC | | | | | 24,864 | | | | | | 158,636 | | |
Babcock International Group PLC | | | | | 3,653 | | | | | | 34,424 | | |
BAE Systems PLC | | | | | 19,742 | | | | | | 162,058 | | |
Barclays PLC | | | | | 112,224 | | | | | | 251,267 | | |
Barratt Developments PLC | | | | | 7,428 | | | | | | 54,895 | | |
Berkeley Group Holdings PLC | | | | | 952 | | | | | | 45,650 | | |
Bloomsbury Publishing PLC | | | | | 207,222 | | | | | | 599,607 | | |
BP PLC | | | | | 127,626 | | | | | | 980,287 | | |
British American Tobacco PLC | | | | | 47,109 | | | | | | 2,200,951 | | |
British Land Co. PLC (The) | | | | | 6,675 | | | | | | 53,663 | | |
BT Group PLC | | | | | 52,873 | | | | | | 155,265 | | |
Bunzl PLC | | | | | 2,315 | | | | | | 72,809 | | |
Burberry Group PLC | | | | | 2,827 | | | | | | 74,247 | | |
Centrica PLC | | | | | 38,250 | | | | | | 77,226 | | |
Close Brothers Group PLC | | | | | 38,800 | | | | | | 800,048 | | |
CNH Industrial N.V. | | | | | 6,958 | | | | | | 83,613 | | |
Coca-Cola European Partners PLC | | | | | 19,800 | | | | | | 900,306 | | |
Compass Group PLC | | | | | 137,143 | | | | | | 3,049,513 | | |
ConvaTec Group PLC | | | | | 12,314 | | | | | | 37,300 | | |
Croda International PLC | | | | | 938 | | | | | | 63,599 | | |
Dart Group PLC | | | | | 62,217 | | | | | | 756,198 | | |
Diageo PLC | | | | | 37,928 | | | | | | 1,344,148 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRITAIN – (continued) | | ||||||||||||
Direct Line Insurance Group PLC | | | | | 10,458 | | | | | $ | 44,151 | | |
easyJet PLC | | | | | 1,415 | | | | | | 24,234 | | |
Experian PLC | | | | | 47,468 | | | | | | 1,219,145 | | |
Fiat Chrysler Automobiles N.V.(a) | | | | | 6,845 | | | | | | 120,355 | | |
G4S PLC | | | | | 13,305 | | | | | | 41,967 | | |
Genus PLC | | | | | 21,329 | | | | | | 664,425 | | |
GlaxoSmithKline PLC | | | | | 31,397 | | | | | | 628,903 | | |
Gooch & Housego PLC | | | | | 34,362 | | | | | | 793,857 | | |
Hammerson PLC | | | | | 6,239 | | | | | | 37,138 | | |
Hargreaves Lansdown PLC | | | | | 1,996 | | | | | | 58,145 | | |
Howden Joinery Group PLC | | | | | 94,592 | | | | | | 578,113 | | |
HSBC Holdings PLC | | | | | 128,870 | | | | | | 1,125,058 | | |
Imperial Brands PLC | | | | | 5,839 | | | | | | 203,278 | | |
Informa PLC | | | | | 106,204 | | | | | | 1,055,085 | | |
InterContinental Hotels Group PLC | | | | | 1,219 | | | | | | 75,947 | | |
International Consolidated Airlines Group S.A. | | | | | 4,789 | | | | | | 41,157 | | |
Intertek Group PLC | | | | | 1,084 | | | | | | 70,531 | | |
ITV PLC | | | | | 26,054 | | | | | | 53,604 | | |
J Sainsbury PLC | | | | | 13,793 | | | | | | 57,853 | | |
John Wood Group PLC | | | | | 5,328 | | | | | | 53,584 | | |
Johnson Matthey PLC | | | | | 1,348 | | | | | | 62,584 | | |
Kingfisher PLC | | | | | 15,327 | | | | | | 51,541 | | |
Land Securities Group PLC | | | | | 5,213 | | | | | | 60,024 | | |
Legal & General Group PLC | | | | | 37,600 | | | | | | 128,499 | | |
Lloyds Banking Group PLC | | | | | 460,232 | | | | | | 355,541 | | |
London Stock Exchange Group PLC | | | | | 1,995 | | | | | | 119,249 | | |
Marks & Spencer Group PLC | | | | | 12,304 | | | | | | 46,315 | | |
Meggitt PLC | | | | | 6,155 | | | | | | 45,439 | | |
Melrose Industries PLC | | | | | 332,537 | | | | | | 866,424 | | |
Merlin Entertainments PLC | | | | | 7,920 | | | | | | 41,333 | | |
Micro Focus International PLC | | | | | 3,170 | | | | | | 59,064 | | |
Mondi PLC | | | | | 2,539 | | | | | | 69,628 | | |
National Grid PLC | | | | | 20,476 | | | | | | 211,212 | | |
Next PLC | | | | | 970 | | | | | | 69,461 | | |
Pearson PLC | | | | | 5,491 | | | | | | 63,697 | | |
Persimmon PLC | | | | | 2,097 | | | | | | 64,641 | | |
Porvair PLC | | | | | 108,426 | | | | | | 693,893 | | |
Prudential PLC | | | | | 122,078 | | | | | | 2,799,655 | | |
Reckitt Benckiser Group PLC | | | | | 13,196 | | | | | | 1,206,729 | | |
RELX PLC(a) | | | | | 6,107 | | | | | | 128,303 | | |
RELX PLC | | | | | 57,780 | | | | | | 1,217,017 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRITAIN – (continued) | | ||||||||||||
Rio Tinto Ltd. | | | | | 2,753 | | | | | $ | 156,733 | | |
Rio Tinto PLC | | | | | 7,720 | | | | | | 390,415 | | |
Rolls-Royce Holdings PLC | | | | | 10,669 | | | | | | 137,308 | | |
Royal Bank of Scotland Group PLC | | | | | 30,976 | | | | | | 100,935 | | |
Royal Mail PLC | | | | | 6,994 | | | | | | 43,492 | | |
RSA Insurance Group PLC | | | | | 110,845 | | | | | | 830,734 | | |
Sage Group PLC (The) | | | | | 7,541 | | | | | | 57,637 | | |
Schroders PLC | | | | | 988 | | | | | | 39,856 | | |
Segro PLC | | | | | 7,169 | | | | | | 59,597 | | |
Severn Trent PLC | | | | | 1,822 | | | | | | 43,910 | | |
Sky PLC | | | | | 6,610 | | | | | | 148,962 | | |
Smith & Nephew PLC | | | | | 5,698 | | | | | | 103,938 | | |
Smiths Group PLC | | | | | 2,778 | | | | | | 54,150 | | |
SSE PLC | | | | | 6,851 | | | | | | 102,333 | | |
St James’s Place PLC | | | | | 3,772 | | | | | | 56,244 | | |
Stallergenes Greer PLC(a) | | | | | 18,190 | | | | | | 649,425 | | |
Standard Chartered PLC | | | | | 17,643 | | | | | | 146,346 | | |
Standard Life Aberdeen PLC | | | | | 17,988 | | | | | | 71,720 | | |
SThree PLC | | | | | 147,595 | | | | | | 725,255 | | |
Taylor Wimpey PLC | | | | | 23,658 | | | | | | 52,976 | | |
Tesco PLC | | | | | 59,635 | | | | | | 186,392 | | |
Travis Perkins PLC | | | | | 2,644 | | | | | | 36,719 | | |
Unilever N.V. | | | | | 26,285 | | | | | | 1,463,806 | | |
Unilever PLC | | | | | 34,979 | | | | | | 1,922,144 | | |
United Utilities Group PLC | | | | | 5,067 | | | | | | 46,494 | | |
Vodafone Group PLC | | | | | 170,084 | | | | | | 364,676 | | |
Weir Group PLC (The) | | | | | 1,817 | | | | | | 41,753 | | |
Whitbread PLC | | | | | 1,271 | | | | | | 78,143 | | |
Wm Morrison Supermarkets PLC | | | | | 16,546 | | | | | | 55,942 | | |
WPP PLC | | | | | 8,038 | | | | | | 117,811 | | |
Total Britain | | | | | | | | | | | 39,115,123 | | |
CANADA – 5.6% | | ||||||||||||
Agnico Eagle Mines Ltd. | | | | | 1,600 | | | | | | 54,653 | | |
Alimentation Couche-Tard, Inc., Class B | | | | | 2,800 | | | | | | 140,060 | | |
AltaGas Ltd. | | | | | 1,900 | | | | | | 30,229 | | |
ARC Resources Ltd. | | | | | 2,600 | | | | | | 28,986 | | |
Atco Ltd., Class I | | | | | 1,100 | | | | | | 32,149 | | |
Aurora Cannabis, Inc.(a) | | | | | 5,000 | | | | | | 48,039 | | |
Australis Capital, Inc.(a) | | | | | 147 | | | | | | 263 | | |
Bank of Montreal | | | | | 4,200 | | | | | | 346,431 | | |
Bank of Nova Scotia (The) | | | | | 7,600 | | | | | | 453,005 | | |
Barrick Gold Corp. | | | | | 7,600 | | | | | | 84,082 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
BCE, Inc. | | | | | 1,000 | | | | | $ | 40,514 | | |
BlackBerry Ltd.(a) | | | | | 3,600 | | | | | | 40,748 | | |
Bombardier, Inc., Class B(a) | | | | | 13,800 | | | | | | 49,146 | | |
Brookfield Asset Management, Inc., Class A | | | | | 27,800 | | | | | | 1,237,349 | | |
CAE, Inc. | | | | | 2,300 | | | | | | 46,689 | | |
Cameco Corp. | | | | | 37,800 | | | | | | 431,072 | | |
Canadian Imperial Bank of Commerce | | | | | 2,900 | | | | | | 271,735 | | |
Canadian National Railway Co. | | | | | 14,200 | | | | | | 1,274,169 | | |
Canadian Natural Resources Ltd. | | | | | 8,100 | | | | | | 264,638 | | |
Canadian Pacific Railway Ltd. | | | | | 900 | | | | | | 190,382 | | |
Canadian Tire Corp. Ltd., Class A | | | | | 500 | | | | | | 58,584 | | |
Canadian Utilities Ltd., Class A | | | | | 1,000 | | | | | | 24,589 | | |
CCL Industries, Inc., Class B | | | | | 1,000 | | | | | | 45,074 | | |
Cenovus Energy, Inc. | | | | | 6,700 | | | | | | 67,278 | | |
CGI Group, Inc., Class A(a) | | | | | 1,600 | | | | | | 103,161 | | |
CI Financial Corp. | | | | | 1,900 | | | | | | 30,170 | | |
Constellation Software, Inc. | | | | | 100 | | | | | | 73,539 | | |
Crescent Point Energy Corp. | | | | | 4,100 | | | | | | 26,092 | | |
Dollarama, Inc. | | | | | 2,000 | | | | | | 63,005 | | |
Emera, Inc. | | | | | 900 | | | | | | 27,983 | | |
Empire Co., Ltd. | | | | | 1,900 | | | | | | 34,627 | | |
Enbridge, Inc. | | | | | 10,900 | | | | | | 351,730 | | |
Encana Corp. | | | | | 6,500 | | | | | | 85,197 | | |
Fairfax Financial Holdings Ltd. | | | | | 200 | | | | | | 108,658 | | |
Finning International, Inc. | | | | | 1,200 | | | | | | 29,311 | | |
First Capital Realty, Inc. | | | | | 2,000 | | | | | | 30,194 | | |
First Quantum Minerals Ltd. | | | | | 4,400 | | | | | | 50,110 | | |
Fortis, Inc. | | | | | 2,800 | | | | | | 90,786 | | |
Franco-Nevada Corp. | | | | | 1,200 | | | | | | 75,067 | | |
George Weston Ltd. | | | | | 400 | | | | | | 30,278 | | |
Gildan Activewear, Inc. | | | | | 1,500 | | | | | | 45,639 | | |
Goldcorp, Inc. | | | | | 5,800 | | | | | | 59,093 | | |
Great-West Lifeco, Inc. | | | | | 2,000 | | | | | | 48,527 | | |
H&R Real Estate Investment Trust | | | | | 1,600 | | | | | | 24,614 | | |
Heroux-Devtek, Inc.(a) | | | | | 60,265 | | | | | | 722,256 | | |
Husky Energy, Inc. | | | | | 2,400 | | | | | | 42,142 | | |
Hydro One Ltd. | | | | | 2,800 | | | | | | 42,575 | | |
IGM Financial, Inc. | | | | | 700 | | | | | | 19,239 | | |
Imperial Oil Ltd. | | | | | 1,900 | | | | | | 61,487 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
Industrial Alliance Insurance & Financial Services, Inc. | | | | | 800 | | | | | $ | 31,990 | | |
Intact Financial Corp. | | | | | 1,100 | | | | | | 91,464 | | |
Inter Pipeline Ltd. | | | | | 2,500 | | | | | | 43,355 | | |
Keyera Corp. | | | | | 1,400 | | | | | | 37,513 | | |
Kinross Gold Corp.(a) | | | | | 9,000 | | | | | | 24,527 | | |
Laurentian Bank of Canada | | | | | 19,343 | | | | | | 637,953 | | |
Linamar Corp. | | | | | 400 | | | | | | 18,429 | | |
Loblaw Cos. Ltd. | | | | | 1,200 | | | | | | 61,651 | | |
Lundin Mining Corp. | | | | | 5,000 | | | | | | 26,478 | | |
Magna International, Inc. | | | | | 2,200 | | | | | | 115,565 | | |
Manulife Financial Corp. | | | | | 13,000 | | | | | | 232,393 | | |
Methanex Corp. | | | | | 500 | | | | | | 39,469 | | |
Metro, Inc. | | | | | 1,900 | | | | | | 59,104 | | |
National Bank of Canada | | | | | 27,400 | | | | | | 1,368,462 | | |
Nutrien Ltd. | | | | | 3,900 | | | | | | 225,186 | | |
Onex Corp. | | | | | 800 | | | | | | 54,708 | | |
Open Text Corp. | | | | | 1,900 | | | | | | 72,299 | | |
Pembina Pipeline Corp. | | | | | 3,200 | | | | | | 108,735 | | |
Power Corp. of Canada | | | | | 2,300 | | | | | | 49,966 | | |
Power Financial Corp. | | | | | 1,700 | | | | | | 38,945 | | |
PrairieSky Royalty Ltd. | | | | | 2,100 | | | | | | 36,890 | | |
Restaurant Brands International, Inc. | | | | | 1,500 | | | | | | 88,817 | | |
RioCan Real Estate Investment Trust | | | | | 1,200 | | | | | | 22,929 | | |
Rogers Communications, Inc., Class B | | | | | 21,500 | | | | | | 1,105,752 | | |
Royal Bank of Canada | | | | | 9,100 | | | | | | 729,465 | | |
Saputo, Inc. | | | | | 1,700 | | | | | | 50,566 | | |
Seven Generations Energy Ltd., Class A(a) | | | | | 2,700 | | | | | | 32,191 | | |
Shaw Communications, Inc., Class B | | | | | 3,100 | | | | | | 60,409 | | |
ShawCor Ltd. | | | | | 33,921 | | | | | | 648,403 | | |
Shopify, Inc., Class A(a) | | | | | 600 | | | | | | 98,618 | | |
SmartCentres Real Estate Investment Trust | | | | | 600 | | | | | | 14,173 | | |
SNC-Lavalin Group, Inc. | | | | | 1,500 | | | | | | 61,166 | | |
Sun Life Financial, Inc. | | | | | 3,800 | | | | | | 151,070 | | |
Suncor Energy, Inc. | | | | | 60,000 | | | | | | 2,321,682 | | |
Teck Resources Ltd., Class B | | | | | 3,200 | | | | | | 77,123 | | |
TELUS Corp. | | | | | 1,600 | | | | | | 58,976 | | |
Thomson Reuters Corp. | | | | | 1,900 | | | | | | 86,700 | | |
Toronto-Dominion Bank (The) | | | | | 11,700 | | | | | | 710,977 | | |
Tourmaline Oil Corp. | | | | | 2,000 | | | | | | 35,211 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
TransCanada Corp. | | | | | 5,900 | | | | | $ | 238,713 | | |
Turquoise Hill Resources Ltd.(a) | | | | | 11,400 | | | | | | 24,271 | | |
Vermilion Energy, Inc. | | | | | 1,100 | | | | | | 36,245 | | |
West Fraser Timber Co., Ltd. | | | | | 400 | | | | | | 22,765 | | |
Wheaton Precious Metals Corp. | | | | | 2,900 | | | | | | 50,741 | | |
WSP Global, Inc. | | | | | 800 | | | | | | 43,783 | | |
Total Canada | | | | | | | | | | | 17,681,172 | | |
CHILE – 0.1% | | ||||||||||||
Aguas Andinas S.A., Class A | | | | | 13,997 | | | | | | 7,756 | | |
Antofagasta PLC | | | | | 3,095 | | | | | | 34,491 | | |
Banco de Chile | | | | | 136,055 | | | | | | 20,827 | | |
Banco de Credito e Inversiones S.A. | | | | | 236 | | | | | | 15,714 | | |
Banco Santander Chile | | | | | 353,053 | | | | | | 28,208 | | |
Cencosud S.A. | | | | | 7,663 | | | | | | 18,232 | | |
Cia Cervecerias Unidas S.A. | | | | | 791 | | | | | | 11,026 | | |
Colbun S.A. | | | | | 42,241 | | | | | | 9,074 | | |
Empresa Nacional de Telecomunicaciones S.A. | | | | | 808 | | | | | | 6,854 | | |
Empresas CMPC S.A. | | | | | 6,691 | | | | | | 26,954 | | |
Empresas COPEC S.A. | | | | | 2,087 | | | | | | 32,201 | | |
Enel Americas S.A. | | | | | 153,768 | | | | | | 23,655 | | |
Enel Chile S.A. | | | | | 150,167 | | | | | | 15,032 | | |
Itau CorpBanca | | | | | 822,850 | | | | | | 8,452 | | |
Latam Airlines Group S.A. | | | | | 1,623 | | | | | | 15,425 | | |
SACI Falabella | | | | | 3,899 | | | | | | 31,710 | | |
Total Chile | | | | | | | | | | | 305,611 | | |
CHINA – 4.5% | | ||||||||||||
3SBio, Inc. | | | | | 5,500 | | | | | | 9,246 | | |
51job, Inc., ADR(a) | | | | | 200 | | | | | | 15,398 | | |
58.com, Inc., ADR(a) | | | | | 5,000 | | | | | | 368,000 | | |
AAC Technologies Holdings, Inc. | | | | | 4,000 | | | | | | 41,541 | | |
Agile Group Holdings Ltd. | | | | | 8,000 | | | | | | 11,302 | | |
Agricultural Bank of China Ltd., Class H | | | | | 177,000 | | | | | | 86,823 | | |
Air China Ltd., Class H | | | | | 10,000 | | | | | | 9,657 | | |
Alibaba Group Holding Ltd., ADR(a) | | | | | 7,400 | | | | | | 1,219,224 | | |
Aluminum Corp. of China Ltd., Class H(a) | | | | | 22,000 | | | | | | 9,780 | | |
Angang Steel Co., Ltd., Class H | | | | | 12,000 | | | | | | 10,730 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Anhui Conch Cement Co., Ltd., Class H | | | | | 6,500 | | | | | $ | 39,232 | | |
ANTA Sports Products Ltd. | | | | | 6,000 | | | | | | 28,780 | | |
Autohome, Inc., ADR | | | | | 300 | | | | | | 23,223 | | |
AviChina Industry & Technology Co., Ltd., Class H | | | | | 11,000 | | | | | | 7,251 | | |
BAIC Motor Corp. Ltd., Class H | | | | | 9,000 | | | | | | 7,208 | | |
Baidu, Inc., ADR(a) | | | | | 1,800 | | | | | | 411,624 | | |
Bank of China Ltd., Class H | | | | | 512,000 | | | | | | 227,604 | | |
Bank of Communications Co., Ltd., Class H | | | | | 47,000 | | | | | | 35,242 | | |
BBMG Corp., Class H | | | | | 28,000 | | | | | | 9,586 | | |
Beijing Capital International Airport Co., Ltd., Class H | | | | | 10,000 | | | | | | 12,148 | | |
BYD Co., Ltd., Class H | | | | | 3,500 | | | | | | 25,127 | | |
BYD Electronic International Co., Ltd. | | | | | 3,500 | | | | | | 5,151 | | |
CGN Power Co., Ltd., Class H | | | | | 57,000 | | | | | | 13,543 | | |
China Cinda Asset Management Co., Ltd., Class H | | | | | 47,000 | | | | | | 11,888 | | |
China CITIC Bank Corp. Ltd., Class H | | | | | 48,000 | | | | | | 30,719 | | |
China Coal Energy Co., Ltd., Class H | | | | | 25,000 | | | | | | 10,539 | | |
China Communications Construction Co., Ltd., Class H | | | | | 24,000 | | | | | | 24,526 | | |
China Communications Services Corp. Ltd., Class H | | | | | 12,000 | | | | | | 11,052 | | |
China Conch Venture Holdings Ltd. | | | | | 8,500 | | | | | | 29,642 | | |
China Construction Bank Corp., Class H | | | | | 610,000 | | | | | | 532,986 | | |
China Eastern Airlines Corp. Ltd., Class H | | | | | 14,000 | | | | | | 8,978 | | |
China Everbright Bank Co., Ltd., Class H | | | | | 14,000 | | | | | | 6,206 | | |
China Evergrande Group | | | | | 18,000 | | | | | | 50,470 | | |
China Galaxy Securities Co., Ltd., Class H | | | | | 18,000 | | | | | | 8,393 | | |
China Huarong Asset Management Co., Ltd., Class H | | | | | 54,000 | | | | | | 9,933 | | |
China International Capital Corp. Ltd., Class H | | | | | 7,600 | | | | | | 14,038 | | |
China Life Insurance Co., Ltd., Class H | | | | | 44,000 | | | | | | 99,934 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
China Literature Ltd.(a) | | | | | 800 | | | | | $ | 5,028 | | |
China Longyuan Power Group Corp. Ltd., Class H | | | | | 17,000 | | | | | | 14,289 | | |
China Medical System Holdings Ltd. | | | | | 7,000 | | | | | | 9,729 | | |
China Merchants Bank Co., Ltd., Class H | | | | | 26,500 | | | | | | 107,647 | | |
China Minsheng Banking Corp. Ltd., Class H | | | | | 35,400 | | | | | | 26,273 | | |
China Molybdenum Co., Ltd., Class H | | | | | 21,000 | | | | | | 8,799 | | |
China National Building Material Co., Ltd., Class H | | | | | 20,000 | | | | | | 17,756 | | |
China Oilfield Services Ltd., Class H | | | | | 10,000 | | | | | | 10,845 | | |
China Pacific Insurance Group Co., Ltd., Class H | | | | | 14,200 | | | | | | 54,780 | | |
China Petroleum & Chemical Corp., Class H | | | | | 170,000 | | | | | | 170,253 | | |
China Railway Construction Corp. Ltd., Class H | | | | | 10,500 | | | | | | 14,164 | | |
China Railway Group Ltd., Class H | | | | | 21,000 | | | | | | 20,817 | | |
China Railway Signal & Communication Corp. Ltd., Class H | | | | | 16,000 | | | | | | 11,323 | | |
China Reinsurance Group Corp., Class H | | | | | 59,000 | | | | | | 11,682 | | |
China Resources Pharmaceutical Group Ltd. | | | | | 10,000 | | | | | | 15,865 | | |
China Shenhua Energy Co., Ltd., Class H | | | | | 18,000 | | | | | | 41,112 | | |
China Southern Airlines Co., Ltd., Class H | | | | | 10,000 | | | | | | 6,400 | | |
China Telecom Corp. Ltd., Class H | | | | | 74,000 | | | | | | 36,771 | | |
China Tower Corp. Ltd., Class H(a) | | | | | 258,000 | | | | | | 37,901 | | |
China Vanke Co., Ltd., Class H | | | | | 6,300 | | | | | | 20,843 | | |
China Zhongwang Holdings Ltd. | | | | | 20,000 | | | | | | 9,785 | | |
Chongqing Rural Commercial Bank Co., Ltd., Class H | | | | | 13,000 | | | | | | 7,107 | | |
CIFI Holdings Group Co., Ltd. | | | | | 18,000 | | | | | | 8,278 | | |
CITIC Securities Co., Ltd., Class H | | | | | 12,000 | | | | | | 21,338 | | |
CNOOC Ltd. | | | | | 117,000 | | | | | | 231,658 | | |
COSCO SHIPPING Holdings Co., Ltd., Class H(a) | | | | | 13,000 | | | | | | 5,397 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Country Garden Holdings Co., Ltd. | | | | | 40,000 | | | | | $ | 50,432 | | |
CRRC Corp. Ltd. | | | | | 22,000 | | | | | | 20,094 | | |
CSPC Pharmaceutical Group Ltd. | | | | | 26,000 | | | | | | 55,199 | | |
Ctrip.com International Ltd., ADR(a) | | | | | 2,700 | | | | | | 100,359 | | |
Dali Foods Group Co., Ltd. | | | | | 10,000 | | | | | | 7,192 | | |
Datang International Power Generation Co., Ltd., Class H | | | | | 36,000 | | | | | | 9,105 | | |
Dongfeng Motor Group Co., Ltd., Class H | | | | | 14,000 | | | | | | 14,414 | | |
ENN Energy Holdings Ltd. | | | | | 4,000 | | | | | | 34,745 | | |
Fosun International Ltd. | | | | | 14,000 | | | | | | 24,680 | | |
Future Land Development Holdings Ltd. | | | | | 8,000 | | | | | | 5,181 | | |
Fuyao Glass Industry Group Co., Ltd., Class H | | | | | 2,800 | | | | | | 10,176 | | |
GDS Holdings Ltd., ADR(a) | | | | | 400 | | | | | | 14,052 | | |
Geely Automobile Holdings Ltd. | | | | | 26,000 | | | | | | 51,812 | | |
Genscript Biotech Corp.(a) | | | | | 6,000 | | | | | | 10,132 | | |
GF Securities Co., Ltd., Class H | | | | | 7,200 | | | | | | 9,234 | | |
GOME Retail Holdings Ltd.(a) | | | | | 58,000 | | | | | | 5,927 | | |
Great Wall Motor Co., Ltd., Class H | | | | | 16,500 | | | | | | 10,518 | | |
Greatview Aseptic Packaging Co., Ltd. | | | | | 1,095,000 | | | | | | 697,982 | | |
Greentown China Holdings Ltd. | | | | | 9,000 | | | | | | 8,404 | | |
Guangzhou Automobile Group Co., Ltd., Class H | | | | | 16,800 | | | | | | 18,606 | | |
Guangzhou R&F Properties Co., Ltd. | | | | | 5,200 | | | | | | 9,552 | | |
Guotai Junan Securities Co., Ltd., Class H | | | | | 3,000 | | | | | | 6,170 | | |
Haitian International Holdings Ltd. | | | | | 3,000 | | | | | | 6,676 | | |
Haitong Securities Co., Ltd., Class H | | | | | 17,200 | | | | | | 15,644 | | |
Hengan International Group Co., Ltd. | | | | | 4,000 | | | | | | 36,892 | | |
Huaneng Power International, Inc., Class H | | | | | 22,000 | | | | | | 14,473 | | |
Huaneng Renewables Corp. Ltd., Class H | | | | | 26,000 | | | | | | 7,739 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Huatai Securities Co., Ltd., Class H(a) | | | | | 8,800 | | | | | $ | 12,613 | | |
Huazhu Group Ltd., ADR | | | | | 800 | | | | | | 25,840 | | |
Industrial & Commercial Bank of China Ltd., Class H | | | | | 444,000 | | | | | | 324,421 | | |
Inner Mongolia Yitai Coal Co., Ltd., Class B | | | | | 10,500 | | | | | | 12,600 | | |
JD.com, Inc., ADR(a) | | | | | 4,200 | | | | | | 109,578 | | |
Jiangsu Expressway Co., Ltd., Class H | | | | | 6,000 | | | | | | 7,695 | | |
Jiangxi Copper Co., Ltd., Class H | | | | | 7,000 | | | | | | 8,164 | | |
Kaisa Group Holdings Ltd. | | | | | 25,000 | | | | | | 8,016 | | |
Kingdee International Software Group Co., Ltd. | | | | | 14,000 | | | | | | 15,237 | | |
Kingsoft Corp. Ltd. | | | | | 4,000 | | | | | | 7,624 | | |
KWG Property Holding Ltd. | | | | | 9,500 | | | | | | 8,689 | | |
Legend Holdings Corp., Class H | | | | | 3,700 | | | | | | 11,343 | | |
Lenovo Group Ltd. | | | | | 38,000 | | | | | | 27,766 | | |
Logan Property Holdings Co., Ltd. | | | | | 10,000 | | | | | | 11,292 | | |
Longfor Properties Co., Ltd. | | | | | 8,000 | | | | | | 20,643 | | |
Luye Pharma Group Ltd. | | | | | 12,000 | | | | | | 10,761 | | |
Meitu, Inc.(a) | | | | | 7,000 | | | | | | 4,900 | | |
Metallurgical Corp. of China Ltd., Class H | | | | | 35,000 | | | | | | 9,836 | | |
Minth Group Ltd. | | | | | 4,000 | | | | | | 16,504 | | |
Momo, Inc., ADR(a) | | | | | 1,100 | | | | | | 48,180 | | |
NetEase, Inc., ADR | | | | | 500 | | | | | | 114,125 | | |
New China Life Insurance Co., Ltd., Class H | | | | | 4,400 | | | | | | 21,105 | | |
New Oriental Education & Technology Group, Inc., ADR | | | | | 900 | | | | | | 66,609 | | |
Noah Holdings Ltd., ADR(a) | | | | | 100 | | | | | | 4,214 | | |
People’s Insurance Co. Group of China Ltd. (The), Class H | | | | | 37,000 | | | | | | 16,637 | | |
PetroChina Co., Ltd., Class H | | | | | 142,000 | | | | | | 115,003 | | |
PICC Property & Casualty Co., Ltd., Class H | | | | | 36,000 | | | | | | 42,492 | | |
Ping An Insurance Group Co. of China Ltd., Class H | | | | | 193,500 | | | | | | 1,965,069 | | |
Postal Savings Bank of China Co., Ltd., Class H | | | | | 14,000 | | | | | | 8,817 | | |
Semiconductor Manufacturing International Corp.(a) | | | | | 16,000 | | | | | | 17,250 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | | | | | 12,000 | | | | | $ | 11,849 | | |
Shanghai Electric Group Co., Ltd., Class H | | | | | 16,000 | | | | | | 5,702 | | |
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H | | | | | 2,500 | | | | | | 9,852 | | |
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd., Class B | | | | | 4,900 | | | | | | 6,713 | | |
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | | | | | 4,700 | | | | | | 11,743 | | |
Shenzhou International Group Holdings Ltd. | | | | | 4,000 | | | | | | 51,301 | | |
Shui On Land Ltd. | | | | | 42,500 | | | | | | 9,881 | | |
Sihuan Pharmaceutical Holdings Group Ltd. | | | | | 47,000 | | | | | | 9,606 | | |
SINA Corp.(a) | | | | | 400 | | | | | | 27,792 | | |
Sino-Ocean Group Holding Ltd. | | | | | 16,000 | | | | | | 7,051 | | |
Sinopec Engineering Group Co., Ltd., Class H | | | | | 13,500 | | | | | | 15,417 | | |
Sinopec Shanghai Petrochemical Co., Ltd., Class H | | | | | 18,000 | | | | | | 10,991 | | |
Sinopharm Group Co., Ltd., Class H | | | | | 6,400 | | | | | | 31,312 | | |
Sinotrans Ltd., Class H | | | | | 22,000 | | | | | | 8,965 | | |
Sinotruk Hong Kong Ltd. | | | | | 7,500 | | | | | | 16,325 | | |
SOHO China Ltd. | | | | | 11,000 | | | | | | 4,272 | | |
Sunac China Holdings Ltd. | | | | | 13,000 | | | | | | 40,021 | | |
Sunny Optical Technology Group Co., Ltd. | | | | | 3,800 | | | | | | 43,833 | | |
TAL Education Group, ADR(a) | | | | | 2,000 | | | | | | 51,420 | | |
Tencent Holdings Ltd. | | | | | 97,100 | | | | | | 4,008,855 | | |
Tingyi Cayman Islands Holding Corp. | | | | | 10,000 | | | | | | 18,369 | | |
Tong Ren Tang Technologies Co., Ltd., Class H | | | | | 7,000 | | | | | | 10,247 | | |
TravelSky Technology Ltd., Class H | | | | | 5,000 | | | | | | 12,998 | | |
Tsingtao Brewery Co., Ltd., Class H | | | | | 2,000 | | | | | | 9,402 | | |
Uni-President China Holdings Ltd. | | | | | 12,000 | | | | | | 12,800 | | |
Vipshop Holdings Ltd., ADR(a) | | | | | 2,200 | | | | | | 13,728 | | |
Want Want China Holdings Ltd. | | | | | 27,000 | | | | | | 22,729 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Weibo Corp., ADR(a) | | | | | 300 | | | | | $ | 21,939 | | |
Weichai Power Co., Ltd., Class H | | | | | 10,000 | | | | | | 12,391 | | |
Wuxi Biologics Cayman, Inc.(a) | | | | | 3,000 | | | | | | 30,332 | | |
Xinyi Solar Holdings Ltd. | | | | | 37,411 | | | | | | 11,517 | | |
Yangzijiang Shipbuilding Holdings Ltd. | | | | | 12,800 | | | | | | 11,610 | | |
Yanzhou Coal Mining Co., Ltd., Class H | | | | | 10,000 | | | | | | 11,586 | | |
Yestar Healthcare Holdings Co., Ltd. | | | | | 1,930,000 | | | | | | 537,457 | | |
Yum China Holdings, Inc. | | | | | 2,100 | | | | | | 73,731 | | |
Yuzhou Properties Co., Ltd. | | | | | 19,000 | | | | | | 7,718 | | |
YY, Inc., ADR(a) | | | | | 300 | | | | | | 22,476 | | |
Zhejiang Expressway Co., Ltd., Class H | | | | | 8,000 | | | | | | 6,653 | | |
ZhongAn Online P&C Insurance Co., Ltd., Class H(a) | | | | | 1,800 | | | | | | 7,346 | | |
Zhongsheng Group Holdings Ltd. | | | | | 3,000 | | | | | | 7,304 | | |
Zhuzhou CRRC Times Electric Co., Ltd., Class H | | | | | 2,900 | | | | | | 16,559 | | |
Zijin Mining Group Co., Ltd., Class H | | | | | 30,000 | | | | | | 11,535 | | |
ZTE Corp., Class H(a) | | | | | 8,000 | | | | | | 14,654 | | |
Total China | | | | | | | | | | | 14,018,959 | | |
COLOMBIA – 0.0%(b) | | ||||||||||||
Bancolombia S.A. | | | | | 1,808 | | | | | | 19,466 | | |
Cementos Argos S.A. | | | | | 4,456 | | | | | | 11,581 | | |
Ecopetrol S.A. | | | | | 33,853 | | | | | | 46,047 | | |
Grupo Argos S.A. | | | | | 2,532 | | | | | | 13,930 | | |
Grupo de Inversiones Suramericana S.A. | | | | | 1,799 | | | | | | 21,106 | | |
Interconexion Electrica S.A. ESP | | | | | 3,772 | | | | | | 17,034 | | |
Total Colombia | | | | | | | | | | | 129,164 | | |
CZECH – 0.0%(b) | | ||||||||||||
CEZ A/S | | | | | 864 | | | | | | 22,095 | | |
Komercni banka A/S | | | | | 407 | | | | | | 16,708 | | |
Moneta Money Bank A/S | | | | | 2,599 | | | | | | 9,568 | | |
Total Czech | | | | | | | | | | | 48,371 | | |
DENMARK – 1.3% | | ||||||||||||
AP Moller – Maersk A/S, Class A | | | | | 26 | | | | | | 34,105 | | |
AP Moller – Maersk A/S, Class B | | | | | 42 | | | | | | 58,983 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
DENMARK – (continued) | | ||||||||||||
Brodrene Hartmann A/S | | | | | 10,574 | | | | | $ | 581,143 | | |
Carlsberg A/S, Class B | | | | | 11,320 | | | | | | 1,357,787 | | |
Chr Hansen Holding A/S | | | | | 637 | | | | | | 64,663 | | |
Coloplast A/S, Class B | | | | | 754 | | | | | | 77,103 | | |
Danske Bank A/S | | | | | 4,542 | | | | | | 119,297 | | |
DSV A/S | | | | | 1,179 | | | | | | 107,200 | | |
Genmab A/S(a) | | | | | 398 | | | | | | 62,586 | | |
H Lundbeck A/S | | | | | 494 | | | | | | 30,511 | | |
ISS A/S | | | | | 1,152 | | | | | | 40,535 | | |
Novo Nordisk A/S, Class B | | | | | 11,520 | | | | | | 542,379 | | |
Novozymes A/S, Class B | | | | | 1,438 | | | | | | 78,942 | | |
Orsted A/S | | | | | 1,209 | | | | | | 82,126 | | |
Pandora A/S | | | | | 731 | | | | | | 45,650 | | |
Royal Unibrew A/S | | | | | 8,686 | | | | | | 715,392 | | |
Tryg A/S | | | | | 966 | | | | | | 24,049 | | |
Vestas Wind Systems A/S | | | | | 1,288 | | | | | | 87,111 | | |
William Demant Holding A/S(a) | | | | | 761 | | | | | | 28,602 | | |
Total Denmark | | | | | | | | | | | 4,138,164 | | |
EGYPT – 0.0%(b) | | ||||||||||||
Commercial International Bank Egypt SAE | | | | | 5,597 | | | | | | 26,236 | | |
Eastern Tobacco | | | | | 4,815 | | | | | | 5,025 | | |
Total Egypt | | | | | | | | | | | 31,261 | | |
FINLAND – 0.8% | | ||||||||||||
Elisa Oyj | | | | | 934 | | | | | | 39,614 | | |
Fortum Oyj | | | | | 2,764 | | | | | | 69,285 | | |
Kone Oyj, Class B | | | | | 2,026 | | | | | | 108,252 | | |
Metso Oyj | | | | | 772 | | | | | | 27,374 | | |
Neste Oyj | | | | | 802 | | | | | | 66,299 | | |
Nokia Oyj | | | | | 35,307 | | | | | | 195,825 | | |
Nokian Renkaat Oyj | | | | | 805 | | | | | | 32,984 | | |
Orion Oyj, Class B | | | | | 806 | | | | | | 30,526 | | |
Sampo Oyj, Class A | | | | | 23,714 | | | | | | 1,227,978 | | |
Stora Enso Oyj, Class R | | | | | 3,409 | | | | | | 65,208 | | |
UPM-Kymmene Oyj | | | | | 3,178 | | | | | | 124,716 | | |
Vaisala Oyj, Class A | | | | | 24,759 | | | | | | 534,684 | | |
Wartsila Oyj Abp | | | | | 2,811 | | | | | | 54,798 | | |
Total Finland | | | | | | | | | | | 2,577,543 | | |
FRANCE – 8.0% | | ||||||||||||
Accor S.A. | | | | | 1,312 | | | | | | 67,360 | | |
Aeroports de Paris | | | | | 222 | | | | | | 49,978 | | |
Air Liquide S.A. | | | | | 8,588 | | | | | | 1,129,726 | | |
Airbus SE | | | | | 3,701 | | | | | | 464,855 | | |
Alstom S.A. | | | | | 1,145 | | | | | | 51,169 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FRANCE – (continued) | | ||||||||||||
Amundi S.A. | | | | | 12,354 | | | | | $ | 925,737 | | |
Arkema S.A. | | | | | 492 | | | | | | 60,951 | | |
Atos SE | | | | | 633 | | | | | | 75,332 | | |
AXA S.A. | | | | | 12,168 | | | | | | 327,055 | | |
BioMerieux | | | | | 372 | | | | | | 31,011 | | |
BNP Paribas S.A. | | | | | 7,287 | | | | | | 445,957 | | |
Bollore S.A. | | | | | 7,558 | | | | | | 32,644 | | |
Bouygues S.A. | | | | | 1,523 | | | | | | 65,833 | | |
Bureau Veritas S.A. | | | | | 1,976 | | | | | | 51,001 | | |
Capgemini SE | | | | | 10,707 | | | | | | 1,347,560 | | |
Carrefour S.A. | | | | | 4,141 | | | | | | 79,331 | | |
Casino Guichard Perrachon S.A. | | | | | 797 | | | | | | 33,517 | | |
Cie de Saint-Gobain | | | | | 20,403 | | | | | | 879,925 | | |
Cie Generale des Etablissements Michelin SCA | | | | | 6,769 | | | | | | 809,100 | | |
CNP Assurances | | | | | 1,719 | | | | | | 41,434 | | |
Coface S.A.(a) | | | | | 64,953 | | | | | | 616,130 | | |
Covivio | | | | | 330 | | | | | | 34,387 | | |
Credit Agricole S.A. | | | | | 7,399 | | | | | | 106,403 | | |
Danone S.A. | | | | | 3,941 | | | | | | 305,199 | | |
Dassault Aviation S.A. | | | | | 18 | | | | | | 33,313 | | |
Dassault Systemes SE | | | | | 8,932 | | | | | | 1,335,202 | | |
Edenred | | | | | 1,597 | | | | | | 60,873 | | |
Eiffage S.A. | | | | | 543 | | | | | | 60,624 | | |
Electricite de France S.A. | | | | | 4,265 | | | | | | 74,897 | | |
Engie S.A. | | | | | 11,269 | | | | | | 165,707 | | |
Essilor International Cie Generale d’Optique S.A. | | | | | 1,284 | | | | | | 190,001 | | |
Eurazeo S.A. | | | | | 394 | | | | | | 31,038 | | |
Eutelsat Communications S.A. | | | | | 1,535 | | | | | | 36,286 | | |
Faurecia S.A. | | | | | 779 | | | | | | 46,887 | | |
Gecina S.A. | | | | | 366 | | | | | | 61,107 | | |
Getlink | | | | | 3,531 | | | | | | 45,096 | | |
Hermes International | | | | | 201 | | | | | | 133,162 | | |
ICADE | | | | | 379 | | | | | | 35,027 | | |
Iliad S.A. | | | | | 241 | | | | | | 31,479 | | |
Imerys S.A. | | | | | 342 | | | | | | 25,254 | | |
Ingenico Group S.A. | | | | | 480 | | | | | | 36,470 | | |
Ipsen S.A. | | | | | 292 | | | | | | 49,091 | | |
JCDecaux S.A. | | | | | 1,098 | | | | | | 40,157 | | |
Kering S.A. | | | | | 497 | | | | | | 266,420 | | |
Klepierre S.A. | | | | | 1,609 | | | | | | 57,034 | | |
L’Oreal S.A. | | | | | 1,612 | | | | | | 388,734 | | |
Lectra | | | | | 25,643 | | | | | | 668,400 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FRANCE – (continued) | | ||||||||||||
Legrand S.A. | | | | | 1,691 | | | | | $ | 123,258 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 5,462 | | | | | | 1,931,669 | | |
Natixis S.A. | | | | | 7,008 | | | | | | 47,551 | | |
Orange S.A. | | | | | 12,191 | | | | | | 194,410 | | |
Pernod Ricard S.A. | | | | | 1,293 | | | | | | 212,125 | | |
Peugeot S.A. | | | | | 3,877 | | | | | | 104,567 | | |
Publicis Groupe S.A. | | | | | 1,409 | | | | | | 84,217 | | |
Remy Cointreau S.A. | | | | | 224 | | | | | | 29,181 | | |
Renault S.A. | | | | | 1,228 | | | | | | 106,220 | | |
Rexel S.A. | | | | | 2,542 | | | | | | 38,176 | | |
Robertet S.A. | | | | | 1,065 | | | | | | 667,720 | | |
Safran S.A. | | | | | 20,905 | | | | | | 2,929,602 | | |
Sanofi | | | | | 7,120 | | | | | | 632,897 | | |
Schneider Electric SE | | | | | 3,381 | | | | | | 272,038 | | |
SCOR SE | | | | | 1,263 | | | | | | 58,656 | | |
SEB S.A. | | | | | 211 | | | | | | 35,914 | | |
Societe BIC S.A. | | | | | 303 | | | | | | 27,739 | | |
Societe Generale S.A. | | | | | 23,680 | | | | | | 1,016,441 | | |
Sodexo S.A. | | | | | 641 | | | | | | 67,978 | | |
Suez | | | | | 2,870 | | | | | | 40,786 | | |
Teleperformance | | | | | 405 | | | | | | 76,412 | | |
Thales S.A. | | | | | 705 | | | | | | 100,149 | | |
TOTAL S.A. | | | | | 26,891 | | | | | | 1,743,426 | | |
Ubisoft Entertainment S.A.(a) | | | | | 553 | | | | | | 59,981 | | |
Unibail-Rodamco-Westfield(a) | | | | | 5,747 | | | | | | 58,658 | | |
Unibail-Rodamco-Westfield | | | | | 612 | | | | | | 123,084 | | |
Valeo S.A. | | | | | 16,552 | | | | | | 718,742 | | |
Veolia Environnement S.A. | | | | | 3,763 | | | | | | 75,104 | | |
Vinci S.A. | | | | | 15,367 | | | | | | 1,463,390 | | |
Vivendi S.A. | | | | | 6,439 | | | | | | 165,743 | | |
Wendel S.A. | | | | | 299 | | | | | | 44,505 | | |
Total France | | | | | | | | | | | 25,154,193 | | |
GERMANY – 4.5% | | ||||||||||||
1&1 Drillisch AG | | | | | 434 | | | | | | 21,113 | | |
adidas AG | | | | | 1,231 | | | | | | 301,430 | | |
Allianz SE | | | | | 2,789 | | | | | | 621,729 | | |
Axel Springer SE | | | | | 410 | | | | | | 27,586 | | |
BASF SE | | | | | 12,927 | | | | | | 1,148,931 | | |
Bayer AG | | | | | 5,913 | | | | | | 525,263 | | |
Bayerische Motoren Werke AG | | | | | 2,027 | | | | | | 182,887 | | |
Beiersdorf AG | | | | | 683 | | | | | | 77,064 | | |
Brenntag AG | | | | | 1,092 | | | | | | 67,400 | | |
Commerzbank AG(a) | | | | | 6,839 | | | | | | 71,265 | | |
Continental AG | | | | | 680 | | | | | | 118,388 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
GERMANY – (continued) | | ||||||||||||
Covestro AG | | | | | 1,238 | | | | | $ | 100,415 | | |
Daimler AG | | | | | 5,802 | | | | | | 366,124 | | |
Delivery Hero AG(a) | | | | | 776 | | | | | | 37,318 | | |
Deutsche Bank AG | | | | | 12,360 | | | | | | 141,038 | | |
Deutsche Boerse AG | | | | | 1,199 | | | | | | 160,648 | | |
Deutsche Lufthansa AG | | | | | 1,781 | �� | | | | | 43,755 | | |
Deutsche Post AG | | | | | 6,005 | | | | | | 214,113 | | |
Deutsche Telekom AG | | | | | 20,897 | | | | | | 336,884 | | |
Deutsche Wohnen SE | | | | | 2,336 | | | | | | 112,069 | | |
E.ON SE | | | | | 13,809 | | | | | | 140,769 | | |
Evonik Industries AG | | | | | 1,269 | | | | | | 45,454 | | |
Fraport AG Frankfurt Airport Services Worldwide | | | | | 353 | | | | | | 31,190 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 1,359 | | | | | | 139,768 | | |
Fresenius SE & Co. KGaA | | | | | 16,354 | | | | | | 1,200,790 | | |
GEA Group AG | | | | | 1,312 | | | | | | 46,735 | | |
Gerresheimer AG | | | | | 8,541 | | | | | | 721,428 | | |
Hannover Rueck SE | | | | | 438 | | | | | | 61,889 | | |
HeidelbergCement AG | | | | | 989 | | | | | | 77,302 | | |
Henkel AG & Co. KGaA | | | | | 703 | | | | | | 74,643 | | |
Hochtief AG | | | | | 178 | | | | | | 29,512 | | |
Hugo Boss AG | | | | | 493 | | | | | | 37,961 | | |
Infineon Technologies AG | | | | | 6,952 | | | | | | 157,962 | | |
Innogy SE(a) | | | | | 1,077 | | | | | | 45,704 | | |
K+S AG | | | | | 1,543 | | | | | | 32,390 | | |
KION Group AG | | | | | 550 | | | | | | 33,806 | | |
KWS S.A.A. t SE | | | | | 1,728 | | | | | | 667,093 | | |
Lanxess AG | | | | | 642 | | | | | | 47,020 | | |
Linde AG | | | | | 1,214 | | | | | | 287,118 | | |
MAN SE | | | | | 312 | | | | | | 33,925 | | |
Merck KGaA | | | | | 866 | | | | | | 89,487 | | |
METRO AG | | | | | 1,714 | | | | | | 26,866 | | |
MTU Aero Engines AG | | | | | 362 | | | | | | 81,580 | | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | | | | | 949 | | | | | | 210,175 | | |
OSRAM Licht AG | | | | | 771 | | | | | | 30,669 | | |
ProSiebenSat.1 Media SE | | | | | 1,762 | | | | | | 45,764 | | |
Puma SE | | | | | 69 | | | | | | 34,048 | | |
RWE AG | | | | | 3,506 | | | | | | 86,501 | | |
SAF-Holland S.A. | | | | | 37,600 | | | | | | 568,395 | | |
SAP SE | | | | | 24,116 | | | | | | 2,967,989 | | |
Siemens AG | | | | | 4,844 | | | | | | 620,566 | | |
Siemens Healthineers AG(a) | | | | | 1,150 | | | | | | 50,571 | | |
Symrise AG | | | | | 847 | | | | | | 77,316 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
GERMANY – (continued) | | ||||||||||||
Telefonica Deutschland Holding AG | | | | | 7,077 | | | | | $ | 29,917 | | |
thyssenkrupp AG | | | | | 2,936 | | | | | | 74,108 | | |
TUI AG | | | | | 3,048 | | | | | | 58,519 | | |
Uniper SE | | | | | 1,559 | | | | | | 47,985 | | |
United Internet AG | | | | | 886 | | | | | | 41,919 | | |
Volkswagen AG | | | | | 250 | | | | | | 43,568 | | |
Vonovia SE | | | | | 3,046 | | | | | | 148,818 | | |
Wirecard AG | | | | | 743 | | | | | | 161,059 | | |
Zalando SE(a) | | | | | 856 | | | | | | 33,304 | | |
Total Germany | | | | | | | | | | | 14,117,003 | | |
GREECE – 0.0%(b) | | ||||||||||||
Alpha Bank AE(a) | | | | | 7,437 | | | | | | 10,698 | | |
Eurobank Ergasias S.A.(a) | | | | | 9,946 | | | | | | 7,495 | | |
Hellenic Telecommunications Organization S.A. | | | | | 1,312 | | | | | | 16,101 | | |
JUMBO S.A. | | | | | 546 | | | | | | 8,114 | | |
National Bank of Greece S.A.(a) | | | | | 2,937 | | | | | | 5,967 | | |
OPAP S.A. | | | | | 1,195 | | | | | | 12,543 | | |
Piraeus Bank S.A.(a) | | | | | 1,519 | | | | | | 3,316 | | |
Titan Cement Co. S.A. | | | | | 248 | | | | | | 6,148 | | |
Total Greece | | | | | | | | | | | 70,382 | | |
HONG KONG – 3.3% | | ||||||||||||
AIA Group Ltd. | | | | | 167,000 | | | | | | 1,491,157 | | |
Alibaba Health Information Technology Ltd.(a) | | | | | 18,000 | | | | | | 17,636 | | |
Alibaba Pictures Group Ltd.(a) | | | | | 70,000 | | | | | | 9,568 | | |
ASM Pacific Technology Ltd. | | | | | 1,600 | | | | | | 16,290 | | |
Bank of East Asia Ltd. (The) | | | | | 6,600 | | | | | | 24,618 | | |
Beijing Enterprises Holdings Ltd. | | | | | 2,500 | | | | | | 14,020 | | |
Beijing Enterprises Water Group Ltd. | | | | | 30,000 | | | | | | 15,980 | | |
BOC Hong Kong Holdings Ltd. | | | | | 25,000 | | | | | | 118,799 | | |
Brilliance China Automotive Holdings Ltd. | | | | | 16,000 | | | | | | 25,875 | | |
China Agri-Industries Holdings Ltd. | | | | | 27,000 | | | | | | 10,416 | | |
China Everbright International Ltd. | | | | | 17,814 | | | | | | 15,383 | | |
China Everbright Ltd. | | | | | 4,000 | | | | | | 7,164 | | |
China First Capital Group Ltd.(a) | | | | | 22,000 | | | | | | 11,803 | | |
China Gas Holdings Ltd. | | | | | 9,400 | | | | | | 26,597 | | |
China Jinmao Holdings Group Ltd. | | | | | 28,000 | | | | | | 12,733 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
China Mengniu Dairy Co., Ltd. | | | | | 15,000 | | | | | $ | 49,915 | | |
China Merchants Port Holdings Co., Ltd. | | | | | 8,000 | | | | | | 15,309 | | |
China Mobile Ltd. | | | | | 39,000 | | | | | | 384,353 | | |
China Overseas Land & Investment Ltd. | | | | | 26,000 | | | | | | 81,371 | | |
China Power International Development Ltd. | | | | | 49,000 | | | | | | 10,891 | | |
China Resources Beer Holdings Co., Ltd. | | | | | 8,000 | | | | | | 32,140 | | |
China Resources Cement Holdings Ltd. | | | | | 14,000 | | | | | | 16,292 | | |
China Resources Gas Group Ltd. | | | | | 4,000 | | | | | | 16,274 | | |
China Resources Land Ltd. | | | | | 18,000 | | | | | | 63,002 | | |
China Resources Power Holdings Co., Ltd. | | | | | 10,000 | | | | | | 17,679 | | |
China State Construction International Holdings Ltd. | | | | | 10,000 | | | | | | 10,564 | | |
China Taiping Insurance Holdings Co., Ltd. | | | | | 8,600 | | | | | | 30,156 | | |
China Traditional Chinese Medicine Holdings Co., Ltd. | | | | | 16,000 | | | | | | 10,873 | | |
China Travel International Investment Hong Kong Ltd. | | | | | 26,000 | | | | | | 8,370 | | |
China Unicom Hong Kong Ltd. | | | | | 32,000 | | | | | | 37,689 | | |
Chong Sing Holdings FinTech Gr(a) | | | | | 124,000 | | | | | | 6,653 | | |
CITIC Ltd. | | | | | 31,000 | | | | | | 46,173 | | |
CK Asset Holdings Ltd. | | | | | 15,500 | | | | | | 116,324 | | |
CK Hutchison Holdings Ltd. | | | | | 17,500 | | | | | | 201,639 | | |
CK Infrastructure Holdings Ltd. | | | | | 3,500 | | | | | | 27,720 | | |
CLP Holdings Ltd. | | | | | 11,000 | | | | | | 128,782 | | |
COSCO SHIPPING Ports Ltd. | | | | | 8,000 | | | | | | 8,799 | | |
Dairy Farm International Holdings Ltd. | | | | | 2,300 | | | | | | 20,700 | | |
Far East Horizon Ltd. | | | | | 12,000 | | | | | | 11,420 | | |
Fullshare Holdings Ltd. | | | | | 37,500 | | | | | | 18,012 | | |
Galaxy Entertainment Group Ltd. | | | | | 16,000 | | | | | | 101,477 | | |
GCL-Poly Energy Holdings Ltd.(a) | | | | | 70,000 | | | | | | 4,918 | | |
Guangdong Investment Ltd. | | | | | 16,000 | | | | | | 28,410 | | |
Haier Electronics Group Co., Ltd. | | | | | 7,000 | | | | | | 19,001 | | |
Hang Lung Group Ltd. | | | | | 5,000 | | | | | | 13,285 | | |
Hang Lung Properties Ltd. | | | | | 11,000 | | | | | | 21,499 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
Hang Seng Bank Ltd. | | | | | 4,500 | | | | | $ | 122,210 | | |
Henderson Land Development Co., Ltd. | | | | | 6,600 | | | | | | 33,176 | | |
HK Electric Investments & HK Electric Investments Ltd. | | | | | 14,000 | | | | | | 14,128 | | |
HKT Trust & HKT Ltd. | | | | | 20,000 | | | | | | 27,490 | | |
Hong Kong & China Gas Co., Ltd. | | | | | 54,500 | | | | | | 108,188 | | |
Hong Kong Exchanges & Clearing Ltd. | | | | | 7,700 | | | | | | 220,327 | | |
Hongkong Land Holdings Ltd. | | | | | 6,300 | | | | | | 41,706 | | |
Hysan Development Co., Ltd. | | | | | 3,000 | | | | | | 15,156 | | |
Jardine Matheson Holdings Ltd. | | | | | 1,500 | | | | | | 94,125 | | |
Jardine Strategic Holdings Ltd. | | | | | 1,200 | | | | | | 43,560 | | |
Jiayuan International Group Ltd. | | | | | 8,107 | | | | | | 13,877 | | |
Kerry Properties Ltd. | | | | | 3,500 | | | | | | 11,870 | | |
Kingboard Chemical Holdings Ltd. | | | | | 3,500 | | | | | | 11,423 | | |
Kingboard Laminates Holdings Ltd. | | | | | 5,500 | | | | | | 4,876 | | |
Kunlun Energy Co., Ltd. | | | | | 18,000 | | | | | | 20,947 | | |
Lee & Man Paper Manufacturing Ltd. | | | | | 8,000 | | | | | | 7,419 | | |
Li & Fung Ltd. | | | | | 32,000 | | | | | | 7,154 | | |
Link REIT | | | | | 14,500 | | | | | | 142,715 | | |
Mandarin Oriental International Ltd. | | | | | 272,900 | | | | | | 559,445 | | |
Melco Resorts & Entertainment Ltd., ADR | | | | | 1,300 | | | | | | 27,495 | | |
MTR Corp. Ltd. | | | | | 8,000 | | | | | | 42,103 | | |
New World Development Co., Ltd. | | | | | 32,000 | | | | | | 43,657 | | |
Nine Dragons Paper Holdings Ltd. | | | | | 9,000 | | | | | | 9,726 | | |
NWS Holdings Ltd. | | | | | 8,000 | | | | | | 15,819 | | |
PCCW Ltd. | | | | | 23,000 | | | | | | 13,397 | | |
Pico Far East Holdings Ltd. | | | | | 1,468,000 | | | | | | 577,573 | | |
Power Assets Holdings Ltd. | | | | | 7,500 | | | | | | 52,214 | | |
Shanghai Industrial Holdings Ltd. | | | | | 3,000 | | | | | | 6,645 | | |
Shangri-La Asia Ltd. | | | | | 6,000 | | | | | | 8,921 | | |
Shenzhen International Holdings Ltd. | | | | | 7,000 | | | | | | 14,450 | | |
Shenzhen Investment Ltd. | | | | | 34,000 | | | | | | 10,858 | | |
Shimao Property Holdings Ltd. | | | | | 6,500 | | | | | | 16,208 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
Sino Biopharmaceutical Ltd. | | | | | 36,000 | | | | | $ | 33,570 | | |
Sino Land Co., Ltd. | | | | | 16,000 | | | | | | 27,429 | | |
Sitoy Group Holdings Ltd. | | | | | 2,776,000 | | | | | | 833,330 | | |
SJM Holdings Ltd. | | | | | 11,000 | | | | | | 10,173 | | |
Skyworth Digital Holdings Ltd. | | | | | 24,000 | | | | | | 6,775 | | |
SmarTone Telecommunications Holdings Ltd. | | | | | 631,000 | | | | | | 839,899 | | |
SSY Group Ltd. | | | | | 8,000 | | | | | | 7,726 | | |
Sun Art Retail Group Ltd. | | | | | 13,000 | | | | | | 16,905 | | |
Sun Hung Kai Properties Ltd. | | | | | 9,500 | | | | | | 138,343 | | |
Swire Pacific Ltd., Class A | | | | | 2,500 | | | | | | 27,384 | | |
Swire Properties Ltd. | | | | | 6,200 | | | | | | 23,483 | | |
Techtronic Industries Co., Ltd. | | | | | 84,000 | | | | | | 536,512 | | |
Towngas China Co., Ltd. | | | | | 11,000 | | | | | | 9,625 | | |
Vinda International Holdings Ltd. | | | | | 371,000 | | | | | | 639,790 | | |
Vitasoy International Holdings Ltd. | | | | | 232,000 | | | | | | 791,278 | | |
Wasion Group Holdings Ltd. | | | | | 1,156,000 | | | | | | 584,767 | | |
WH Group Ltd. | | | | | 47,000 | | | | | | 33,081 | | |
Wharf Holdings Ltd. (The) | | | | | 7,000 | | | | | | 19,046 | | |
Wharf Real Estate Investment Co., Ltd. | | | | | 7,000 | | | | | | 45,156 | | |
Wheelock & Co., Ltd. | | | | | 4,000 | | | | | | 23,990 | | |
Yue Yuen Industrial Holdings Ltd. | | | | | 4,000 | | | | | | 11,113 | | |
Yuexiu Property Co., Ltd. | | | | | 34,000 | | | | | | 6,080 | | |
Total Hong Kong | | | | | | | | | | | 10,382,042 | | |
HUNGARY – 0.0%(b) | | ||||||||||||
MOL Hungarian Oil & Gas PLC | | | | | 1,974 | | | | | | 21,267 | | |
OTP Bank Nyrt | | | | | 1,274 | | | | | | 47,215 | | |
Richter Gedeon Nyrt | | | | | 748 | | | | | | 13,995 | | |
Total Hungary | | | | | | | | | | | 82,477 | | |
INDIA – 1.4% | | ||||||||||||
Dr Reddy’s Laboratories Ltd., ADR | | | | | 6,000 | | | | | | 207,600 | | |
GAIL India Ltd., GDR | | | | | 8,000 | | | | | | 253,600 | | |
ICICI Bank Ltd., ADR | | | | | 190,200 | | | | | | 1,614,798 | | |
Infosys Ltd., ADR | | | | | 40,000 | | | | | | 406,800 | | |
Larsen & Toubro Ltd., GDR | | | | | 12,000 | | | | | | 208,080 | | |
Mahindra & Mahindra Ltd., GDR | | | | | 16,000 | | | | | | 187,200 | | |
Reliance Industries Ltd., GDR | | | | | 14,000 | | | | | | 480,900 | | |
State Bank of India, GDR(a) | | | | | 6,000 | | | | | | 221,700 | | |
Tata Motors Ltd., ADR(a) | | | | | 12,000 | | | | | | 184,320 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDIA – (continued) | | ||||||||||||
Tata Steel Ltd., GDR | | | | | 27,000 | | | | | $ | 213,840 | | |
Vedanta Ltd., ADR | | | | | 18,000 | | | | | | 230,400 | | |
Wipro Ltd., ADR | | | | | 40,000 | | | | | | 208,400 | | |
Total India | | | | | | | | | | | 4,417,638 | | |
INDONESIA – 0.4% | | ||||||||||||
Adaro Energy Tbk PT | | | | | 77,000 | | | | | | 9,482 | | |
Astra International Tbk PT | | | | | 108,400 | | | | | | 53,467 | | |
Bank Central Asia Tbk PT | | | | | 66,400 | | | | | | 107,611 | | |
Bank Danamon Indonesia Tbk PT | | | | | 18,000 | | | | | | 8,697 | | |
Bank Mandiri Persero Tbk PT | | | | | 99,900 | | | | | | 45,085 | | |
Bank Negara Indonesia Persero Tbk PT | | | | | 39,900 | | | | �� | | 19,814 | | |
Bank Rakyat Indonesia Persero Tbk PT | | | | | 297,100 | | | | | | 62,803 | | |
Charoen Pokphand Indonesia Tbk PT | | | | | 39,500 | | | | | | 13,453 | | |
Gudang Garam Tbk PT | | | | | 2,600 | | | | | | 12,920 | | |
Hanjaya Mandala Sampoerna Tbk PT | | | | | 49,800 | | | | | | 12,866 | | |
Indah Kiat Pulp & Paper Corp. Tbk PT | | | | | 16,200 | | | | | | 18,862 | | |
Indocement Tunggal Prakarsa Tbk PT | | | | | 9,900 | | | | | | 12,291 | | |
Indofood CBP Sukses Makmur Tbk PT | | | | | 12,500 | | | | | | 7,403 | | |
Indofood Sukses Makmur Tbk PT | | | | | 23,500 | | | | | | 9,304 | | |
Kalbe Farma Tbk PT | | | | | 112,900 | | | | | | 10,455 | | |
Matahari Department Store Tbk PT | | | | | 13,300 | | | | | | 6,181 | | |
Perusahaan Gas Negara Persero Tbk | | | | | 58,400 | | | | | | 8,818 | | |
Semen Indonesia Persero Tbk PT | | | | | 15,900 | | | | | | 10,590 | | |
Surya Citra Media Tbk PT | | | | | 31,300 | | | | | | 3,938 | | |
Telekomunikasi Indonesia Persero Tbk PT | | | | | 269,800 | | | | | | 65,904 | | |
Telekomunikasi Indonesia Persero Tbk PT, ADR | | | | | 28,100 | | | | | | 687,888 | | |
Unilever Indonesia Tbk PT | | | | | 8,200 | | | | | | 25,877 | | |
United Tractors Tbk PT | | | | | 9,000 | | | | | | 19,931 | | |
Total Indonesia | | | | | | | | | | | 1,233,640 | | |
IRELAND – 2.0% | | ||||||||||||
Accenture PLC, Class A | | | | | 7,600 | | | | | | 1,293,520 | | |
AerCap Holdings N.V.(a) | | | | | 1,000 | | | | | | 57,520 | | |
CRH PLC | | | | | 4,981 | | | | | | 163,085 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
IRELAND – (continued) | | ||||||||||||
DCC PLC | | | | | 638 | | | | | $ | 57,919 | | |
Grafton Group PLC, (Unit) | | | | | 66,907 | | | | | | 660,590 | | |
Irish Continental Group PLC, (Unit) | | | | | 106,255 | | | | | | 641,511 | | |
James Hardie Industries PLC | | | | | 2,362 | | | | | | 35,786 | | |
Kerry Group PLC, Class A | | | | | 995 | | | | | | 109,806 | | |
Medtronic PLC | | | | | 22,400 | | | | | | 2,203,488 | | |
Paddy Power Betfair PLC | | | | | 430 | | | | | | 36,374 | | |
Ryanair Holdings PLC, ADR(a) | | | | | 10,240 | | | | | | 983,450 | | |
Total Ireland | | | | | | | | | | | 6,243,049 | | |
ISLE OF MAN – 0.0%(b) | | ||||||||||||
GVC Holdings PLC | | | | | 4,004 | | | | | | 47,935 | | |
ISRAEL – 0.3% | | ||||||||||||
Azrieli Group Ltd. | | | | | 227 | | | | | | 11,658 | | |
Bank Hapoalim BM | | | | | 5,709 | | | | | | 41,812 | | |
Bank Leumi Le-Israel BM | | | | | 54,204 | | | | | | 357,496 | | |
Bezeq The Israeli Telecommunication Corp. Ltd. | | | | | 11,102 | | | | | | 12,767 | | |
Check Point Software Technologies Ltd.(a) | | | | | 900 | | | | | | 105,903 | | |
Elbit Systems Ltd. | | | | | 126 | | | | | | 15,976 | | |
Frutarom Industries Ltd. | | | | | 207 | | | | | | 21,426 | | |
Israel Chemicals Ltd. | | | | | 3,764 | | | | | | 22,973 | | |
Mizrahi Tefahot Bank Ltd. | | | | | 747 | | | | | | 13,086 | | |
Nice Ltd.(a) | | | | | 325 | | | | | | 36,767 | | |
Teva Pharmaceutical Industries Ltd., ADR | | | | | 6,300 | | | | | | 135,702 | | |
Total Israel | | | | | | | | | | | 775,566 | | |
ITALY – 1.0% | | ||||||||||||
Assicurazioni Generali SpA | | | | | 7,517 | | | | | | 129,867 | | |
Atlantia SpA | | | | | 3,297 | | | | | | 68,406 | | |
Banca IFIS SpA | | | | | 26,621 | | | | | | 599,622 | | |
Biesse SpA | | | | | 17,904 | | | | | | 636,927 | | |
Davide Campari-Milano SpA | | | | | 4,870 | | | | | | 41,474 | | |
Enel SpA | | | | | 53,222 | | | | | | 272,633 | | |
Eni SpA | | | | | 16,609 | | | | | | 313,980 | | |
Ferrari N.V. | | | | | 798 | | | | | | 109,885 | | |
Intesa Sanpaolo SpA | | | | | 91,952 | | | | | | 234,981 | | |
Leonardo SpA | | | | | 3,508 | | | | | | 42,277 | | |
Luxottica Group SpA | | | | | 1,174 | | | | | | 79,767 | | |
Mediobanca Banca di Credito Finanziario SpA | | | | | 4,838 | | | | | | 48,330 | | |
Moncler SpA | | | | | 1,287 | | | | | | 55,438 | | |
Pirelli & C SpA(a) | | | | | 3,701 | | | | | | 31,059 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ITALY – (continued) | | ||||||||||||
Poste Italiane SpA | | | | | 4,376 | | | | | $ | 34,966 | | |
Prysmian SpA | | | | | 1,853 | | | | | | 43,158 | | |
Recordati SpA | | | | | 918 | | | | | | 31,080 | | |
Snam SpA | | | | | 16,109 | | | | | | 67,126 | | |
Telecom Italia SpA/Milano(a) | | | | | 81,443 | | | | | | 49,455 | | |
Telecom Italia SpA/Milano | | | | | 52,245 | | | | | | 28,109 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 10,390 | | | | | | 55,503 | | |
UniCredit SpA | | | | | 12,374 | | | | | | 186,252 | | |
Total Italy | | | | | | | | | | | 3,160,295 | | |
JAPAN – 16.0% | | ||||||||||||
ABC-Mart, Inc. | | | | | 300 | | | | | | 16,687 | | |
Acom Co., Ltd. | | | | | 3,800 | | | | | | 15,318 | | |
Aeon Co., Ltd. | | | | | 3,600 | | | | | | 86,736 | | |
AEON Financial Service Co., Ltd. | | | | | 900 | | | | | | 18,638 | | |
Aeon Mall Co., Ltd. | | | | | 900 | | | | | | 15,462 | | |
Air Water, Inc. | | | | | 1,100 | | | | | | 20,186 | | |
Aisin Seiki Co., Ltd. | | | | | 1,000 | | | | | | 48,671 | | |
Ajinomoto Co., Inc. | | | | | 2,900 | | | | | | 49,784 | | |
Alfresa Holdings Corp. | | | | | 1,300 | | | | | | 34,783 | | |
Alps Electric Co., Ltd. | | | | | 1,100 | | | | | | 27,940 | | |
Amada Holdings Co., Ltd. | | | | | 2,400 | | | | | | 25,622 | | |
ANA Holdings, Inc. | | | | | 800 | | | | | | 27,953 | | |
Aozora Bank Ltd. | | | | | 800 | | | | | | 28,587 | | |
Ariake Japan Co., Ltd. | | | | | 7,700 | | | | | | 767,831 | | |
Asahi Glass Co., Ltd. | | | | | 1,100 | | | | | | 45,648 | | |
Asahi Group Holdings Ltd. | | | | | 2,100 | | | | | | 91,027 | | |
Asahi Kasei Corp. | | | | | 7,400 | | | | | | 112,218 | | |
Asics Corp. | | | | | 1,200 | | | | | | 17,891 | | |
Astellas Pharma, Inc. | | | | | 58,700 | | | | | | 1,023,969 | | |
Bandai Namco Holdings, Inc. | | | | | 1,300 | | | | | | 50,515 | | |
Bank of Kyoto Ltd. (The) | | | | | 400 | | | | | | 20,877 | | |
Benesse Holdings, Inc. | | | | | 600 | | | | | | 17,083 | | |
Bridgestone Corp. | | | | | 4,000 | | | | | | 151,135 | | |
Brother Industries Ltd. | | | | | 1,500 | | | | | | 29,625 | | |
Calbee, Inc. | | | | | 600 | | | | | | 19,750 | | |
Canon, Inc. | | | | | 6,500 | | | | | | 206,522 | | |
Casio Computer Co., Ltd. | | | | | 1,400 | | | | | | 22,882 | | |
Central Japan Railway Co. | | | | | 900 | | | | | | 187,414 | | |
Chiba Bank Ltd. (The) | | | | | 3,700 | | | | | | 25,270 | | |
Chubu Electric Power Co., Inc. | | | | | 3,800 | | | | | | 57,475 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 1,300 | | | | | | 83,524 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Chugoku Electric Power Co., Inc. (The) | | | | | 2,000 | | | | | $ | 25,700 | | |
Coca-Cola Bottlers Japan Holdings, Inc. | | | | | 900 | | | | | | 24,080 | | |
Concordia Financial Group Ltd. | | | | | 6,500 | | | | | | 31,865 | | |
Credit Saison Co., Ltd. | | | | | 1,200 | | | | | | 19,571 | | |
CyberAgent, Inc. | | | | | 600 | | | | | | 31,949 | | |
CYBERDYNE, Inc.(a) | | | | | 1,100 | | | | | | 8,684 | | |
Dai Nippon Printing Co., Ltd. | | | | | 1,600 | | | | | | 37,205 | | |
Dai-ichi Life Holdings, Inc. | | | | | 7,200 | | | | | | 149,900 | | |
Daicel Corp. | | | | | 2,000 | | | | | | 23,235 | | |
Daifuku Co., Ltd. | | | | | 700 | | | | | | 35,672 | | |
Daiichi Sankyo Co., Ltd. | | | | | 3,800 | | | | | | 164,716 | | |
Daikin Industries Ltd. | | | | | 1,600 | | | | | | 212,991 | | |
Daiseki Co., Ltd. | | | | | 26,600 | | | | | | 735,117 | | |
Daito Trust Construction Co., Ltd. | | | | | 400 | | | | | | 51,452 | | |
Daiwa House Industry Co., Ltd. | | | | | 57,900 | | | | | | 1,716,311 | | |
Daiwa House REIT Investment Corp. | | | | | 12 | | | | | | 27,449 | | |
Daiwa Securities Group, Inc. | | | | | 10,000 | | | | | | 60,834 | | |
DeNA Co., Ltd. | | | | | 900 | | | | | | 15,898 | | |
Denso Corp. | | | | | 2,600 | | | | | | 137,277 | | |
Dentsu, Inc. | | | | | 1,300 | | | | | | 60,297 | | |
Disco Corp. | | | | | 200 | | | | | | 33,480 | | |
Don Quijote Holdings Co., Ltd. | | | | | 42,200 | | | | | | 2,135,628 | | |
East Japan Railway Co. | | | | | 2,000 | | | | | | 185,795 | | |
Eisai Co., Ltd. | | | | | 1,500 | | | | | | 146,013 | | |
Electric Power Development Co., Ltd. | | | | | 1,000 | | | | | | 27,680 | | |
EPS Holdings, Inc. | | | | | 32,000 | | | | | | 682,133 | | |
FamilyMart UNY Holdings Co., Ltd. | | | | | 500 | | | | | | 52,059 | | |
FANUC Corp. | | | | | 1,200 | | | | | | 226,228 | | |
Fast Retailing Co., Ltd. | | | | | 400 | | | | | | 203,908 | | |
Fuji Electric Co., Ltd. | | | | | 800 | | | | | | 32,037 | | |
FUJIFILM Holdings Corp. | | | | | 2,200 | | | | | | 99,041 | | |
Fujitec Co., Ltd. | | | | | 59,100 | | | | | | 792,196 | | |
Fujitsu Ltd. | | | | | 1,200 | | | | | | 85,506 | | |
Fukuoka Financial Group, Inc. | | | | | 1,000 | | | | | | 27,504 | | |
Hakuhodo DY Holdings, Inc. | | | | | 1,600 | | | | | | 28,065 | | |
Hamamatsu Photonics KK | | | | | 900 | | | | | | 35,843 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 1,400 | | | | | | 49,657 | | |
Hikari Tsushin, Inc. | | | | | 200 | | | | | | 39,535 | | |
Hino Motors Ltd. | | | | | 2,000 | | | | | | 21,898 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Hirose Electric Co., Ltd. | | | | | 200 | | | | | $ | 21,862 | | |
Hisamitsu Pharmaceutical Co., Inc. | | | | | 400 | | | | | | 30,664 | | |
Hitachi Chemical Co., Ltd. | | | | | 900 | | | | | | 18,322 | | |
Hitachi Construction Machinery Co., Ltd. | | | | | 800 | | | | | | 26,756 | | |
Hitachi High-Technologies Corp. | | | | | 500 | | | | | | 17,228 | | |
Hitachi Ltd. | | | | | 6,400 | | | | | | 217,427 | | |
Hitachi Metals Ltd. | | | | | 1,700 | | | | | | 21,052 | | |
Honda Motor Co., Ltd. | | | | | 10,600 | | | | | | 320,836 | | |
Hoshizaki Corp. | | | | | 9,800 | | | | | | 1,014,328 | | |
Hoya Corp. | | | | | 2,500 | | | | | | 148,521 | | |
Hulic Co., Ltd. | | | | | 2,200 | | | | | | 21,590 | | |
Idemitsu Kosan Co., Ltd. | | | | | 900 | | | | | | 47,606 | | |
IHI Corp. | | | | | 1,000 | | | | | | 37,889 | | |
Iida Group Holdings Co., Ltd. | | | | | 1,100 | | | | | | 19,566 | | |
Inpex Corp. | | | | | 6,100 | | | | | | 76,076 | | |
Isetan Mitsukoshi Holdings Ltd. | | | | | 2,300 | | | | | | 28,239 | | |
Isuzu Motors Ltd. | | | | | 3,500 | | | | | | 55,171 | | |
ITOCHU Corp. | | | | | 9,300 | | | | | | 170,252 | | |
J Front Retailing Co., Ltd. | | | | | 1,700 | | | | | | 26,378 | | |
Japan Airlines Co., Ltd. | | | | | 800 | | | | | | 28,755 | | |
Japan Airport Terminal Co., Ltd. | | | | | 400 | | | | | | 18,201 | | |
Japan Exchange Group, Inc. | | | | | 3,100 | | | | | | 54,022 | | |
Japan Post Bank Co., Ltd. | | | | | 2,800 | | | | | | 33,096 | | |
Japan Post Holdings Co., Ltd. | | | | | 10,600 | | | | | | 126,133 | | |
Japan Prime Realty Investment Corp. | | | | | 6 | | | | | | 21,387 | | |
Japan Real Estate Investment Corp. | | | | | 8 | | | | | | 41,964 | | |
Japan Retail Fund Investment Corp. | | | | | 18 | | | | | | 32,651 | | |
Japan Tobacco, Inc. | | | | | 7,200 | | | | | | 187,953 | | |
JFE Holdings, Inc. | | | | | 2,800 | | | | | | 64,246 | | |
JGC Corp. | | | | | 1,400 | | | | | | 32,111 | | |
JSR Corp. | | | | | 1,400 | | | | | | 26,134 | | |
JTEKT Corp. | | | | | 1,600 | | | | | | 23,418 | | |
JXTG Holdings, Inc. | | | | | 21,600 | | | | | | 163,169 | | |
Kajima Corp. | | | | | 3,000 | | | | | | 43,593 | | |
Kakaku.com, Inc. | | | | | 1,000 | | | | | | 19,556 | | |
Kamigumi Co., Ltd. | | | | | 900 | | | | | | 19,835 | | |
Kaneka Corp. | | | | | 400 | | | | | | 18,483 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 4,300 | | | | | | 64,829 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Kansai Paint Co., Ltd. | | | | | 1,100 | | | | | $ | 20,273 | | |
Kao Corp. | | | | | 15,800 | | | | | | 1,275,737 | | |
Kawasaki Heavy Industries Ltd. | | | | | 1,000 | | | | | | 28,208 | | |
KDDI Corp. | | | | | 78,400 | | | | | | 2,165,971 | | |
Keihan Holdings Co., Ltd. | | | | | 700 | | | | | | 26,738 | | |
Keikyu Corp. | | | | | 1,600 | | | | | | 29,164 | | |
Keio Corp. | | | | | 600 | | | | | | 32,846 | | |
Keisei Electric Railway Co., Ltd. | | | | | 900 | | | | | | 31,685 | | |
Keyence Corp. | | | | | 600 | | | | | | 348,425 | | |
Kikkoman Corp. | | | | | 900 | | | | | | 53,547 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 1,000 | | | | | | 40,222 | | |
Kintetsu World Express, Inc. | | | | | 30,900 | | | | | | 592,327 | | |
Kirin Holdings Co., Ltd. | | | | | 4,800 | | | | | | 122,978 | | |
Kobayashi Pharmaceutical Co., Ltd. | | | | | 300 | | | | | | 22,074 | | |
Kobe Steel Ltd. | | | | | 2,400 | | | | | | 21,334 | | |
Koito Manufacturing Co., Ltd. | | | | | 700 | | | | | | 45,960 | | |
Komatsu Ltd. | | | | | 6,100 | | | | | | 185,545 | | |
Konami Holdings Corp. | | | | | 600 | | | | | | 23,499 | | |
Konica Minolta, Inc. | | | | | 3,200 | | | | | | 34,022 | | |
Kose Corp. | | | | | 200 | | | | | | 38,109 | | |
Kubota Corp. | | | | | 47,700 | | | | | | 810,673 | | |
Kuraray Co., Ltd. | | | | | 1,900 | | | | | | 28,562 | | |
Kurita Water Industries Ltd. | | | | | 700 | | | | | | 20,393 | | |
Kyocera Corp. | | | | | 1,900 | | | | | | 114,047 | | |
Kyowa Hakko Kirin Co., Ltd. | | | | | 1,700 | | | | | | 31,854 | | |
Kyushu Electric Power Co., Inc. | | | | | 2,300 | | | | | | 27,753 | | |
Kyushu Railway Co. | | | | | 1,100 | | | | | | 33,498 | | |
Lawson, Inc. | | | | | 300 | | | | | | 18,271 | | |
LINE Corp.(a) | | | | | 500 | | | | | | 21,123 | | |
Lion Corp. | | | | | 1,600 | | | | | | 35,543 | | |
LIXIL Group Corp. | | | | | 1,700 | | | | | | 32,737 | | |
M3, Inc. | | | | | 2,600 | | | | | | 58,993 | | |
Mabuchi Motor Co., Ltd. | | | | | 300 | | | | | | 12,106 | | |
Makita Corp. | | | | | 33,600 | | | | | | 1,682,662 | | |
Mani, Inc. | | | | | 15,000 | | | | | | 731,385 | | |
Marubeni Corp. | | | | | 9,500 | | | | | | 86,957 | | |
Marui Group Co., Ltd. | | | | | 40,400 | | | | | | 997,022 | | |
Maruichi Steel Tube Ltd. | | | | | 500 | | | | | | 16,304 | | |
Mazda Motor Corp. | | | | | 3,500 | | | | | | 42,017 | | |
McDonald’s Holdings Co. Japan Ltd. | | | | | 400 | | | | | | 17,567 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Mebuki Financial Group, Inc. | | | | | 5,400 | | | | | $ | 18,678 | | |
Medipal Holdings Corp. | | | | | 1,200 | | | | | | 25,041 | | |
MEIJI Holdings Co., Ltd. | | | | | 700 | | | | | | 47,008 | | |
Minebea Mitsumi, Inc. | | | | | 2,500 | | | | | | 45,327 | | |
MISUMI Group, Inc. | | | | | 1,700 | | | | | | 43,989 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 7,700 | | | | | | 73,700 | | |
Mitsubishi Corp. | | | | | 8,800 | | | | | | 271,156 | | |
Mitsubishi Electric Corp. | | | | | 12,100 | | | | | | 165,760 | | |
Mitsubishi Estate Co., Ltd. | | | | | 7,900 | | | | | | 134,332 | | |
Mitsubishi Gas Chemical Co., Inc. | | | | | 1,200 | | | | | | 25,548 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 1,800 | | | | | | 69,500 | | |
Mitsubishi Materials Corp. | | | | | 800 | | | | | | 23,904 | | |
Mitsubishi Motors Corp. | | | | | 4,400 | | | | | | 31,058 | | |
Mitsubishi Tanabe Pharma Corp. | | | | | 1,700 | | | | | | 28,428 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 75,100 | | | | | | 468,697 | | |
Mitsubishi UFJ Lease & Finance Co., Ltd. | | | | | 3,200 | | | | | | 18,842 | | |
Mitsui & Co., Ltd. | | | | | 11,000 | | | | | | 195,613 | | |
Mitsui Chemicals, Inc. | | | | | 1,200 | | | | | | 30,005 | | |
Mitsui Fudosan Co., Ltd. | | | | | 5,200 | | | | | | 123,066 | | |
Mitsui OSK Lines Ltd. | | | | | 800 | | | | | | 23,341 | | |
Mizuho Financial Group, Inc. | | | | | 156,700 | | | | | | 273,349 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 2,700 | | | | | | 90,158 | | |
Murata Manufacturing Co., Ltd. | | | | | 1,100 | | | | | | 169,086 | | |
Nabtesco Corp. | | | | | 800 | | | | | | 21,264 | | |
Nagoya Railroad Co., Ltd. | | | | | 1,200 | | | | | | 29,720 | | |
NEC Corp. | | | | | 1,600 | | | | | | 44,218 | | |
Nexon Co., Ltd.(a) | | | | | 65,800 | | | | | | 859,998 | | |
NGK Insulators Ltd. | | | | | 1,800 | | | | | | 29,688 | | |
NGK Spark Plug Co., Ltd. | | | | | 1,100 | | | | | | 32,045 | | |
NH Foods Ltd. | | | | | 700 | | | | | | 25,845 | | |
Nidec Corp. | | | | | 9,200 | | | | | | 1,323,482 | | |
Nikon Corp. | | | | | 2,100 | | | | | | 39,460 | | |
Nintendo Co., Ltd. | | | | | 700 | | | | | | 255,430 | | |
Nippon Building Fund, Inc. | | | | | 8 | | | | | | 46,259 | | |
Nippon Electric Glass Co., Ltd. | | | | | 700 | | | | | | 22,025 | | |
Nippon Express Co., Ltd. | | | | | 500 | | | | | | 32,829 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 900 | | | | | | 33,586 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Nippon Prologis REIT, Inc. | | | | | 12 | | | | | $ | 23,753 | | |
Nippon Steel & Sumitomo Metal Corp. | | | | | 4,500 | | | | | | 95,192 | | |
Nippon Telegraph & Telephone Corp. | | | | | 4,500 | | | | | | 203,256 | | |
Nippon Yusen KK | | | | | 1,100 | | | | | | 20,689 | | |
Nissan Chemical Industries Ltd. | | | | | 800 | | | | | | 42,246 | | |
Nissan Motor Co., Ltd. | | | | | 15,400 | | | | | | 144,146 | | |
Nisshin Seifun Group, Inc. | | | | | 1,400 | | | | | | 30,681 | | |
Nissin Foods Holdings Co., Ltd. | | | | | 400 | | | | | | 27,495 | | |
Nitori Holdings Co., Ltd. | | | | | 500 | | | | | | 71,708 | | |
Nitto Denko Corp. | | | | | 1,000 | | | | | | 74,952 | | |
NOK Corp. | | | | | 500 | | | | | | 8,586 | | |
Nomura Holdings, Inc. | | | | | 20,500 | | | | | | 97,917 | | |
Nomura Real Estate Holdings, Inc. | | | | | 1,000 | | | | | | 20,190 | | |
Nomura Real Estate Master Fund, Inc. | | | | | 25 | | | | | | 34,149 | | |
Nomura Research Institute Ltd. | | | | | 700 | | | | | | 35,363 | | |
NSK Ltd. | | | | | 2,600 | | | | | | 29,794 | | |
NTT Data Corp. | | | | | 4,000 | | | | | | 55,378 | | |
NTT DOCOMO, Inc. | | | | | 8,700 | | | | | | 233,924 | | |
Obayashi Corp. | | | | | 4,100 | | | | | | 38,828 | | |
Obic Co., Ltd. | | | | | 400 | | | | | | 37,845 | | |
Odakyu Electric Railway Co., Ltd. | | | | | 1,900 | | | | | | 44,950 | | |
Oji Holdings Corp. | | | | | 5,000 | | | | | | 36,305 | | |
Olympus Corp. | | | | | 1,800 | | | | | | 70,261 | | |
Omron Corp. | | | | | 1,200 | | | | | | 50,695 | | |
Ono Pharmaceutical Co., Ltd. | | | | | 2,200 | | | | | | 62,251 | | |
Oracle Corp. Japan | | | | | 300 | | | | | | 24,186 | | |
Oriental Land Co., Ltd. | | | | | 1,200 | | | | | | 125,471 | | |
ORIX Corp. | | | | | 49,500 | | | | | | 802,491 | | |
Osaka Gas Co., Ltd. | | | | | 2,300 | | | | | | 44,858 | | |
Otsuka Corp. | | | | | 700 | | | | | | 26,122 | | |
Otsuka Holdings Co., Ltd. | | | | | 2,300 | | | | | | 115,931 | | |
Panasonic Corp. | | | | | 14,600 | | | | | | 170,068 | | |
Park24 Co., Ltd. | | | | | 800 | | | | | | 24,186 | | |
Persol Holdings Co., Ltd. | | | | | 1,300 | | | | | | 30,492 | | |
Pola Orbis Holdings, Inc. | | | | | 600 | | | | | | 21,915 | | |
Rakuten, Inc. | | | | | 5,000 | | | | | | 38,321 | | |
Recruit Holdings Co., Ltd. | | | | | 7,100 | | | | | | 236,958 | | |
Renesas Electronics Corp.(a) | | | | | 5,200 | | | | | | 32,494 | | |
Resona Holdings, Inc. | | | | | 12,700 | | | | | | 71,347 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Ricoh Co., Ltd. | | | | | 4,400 | | | | | $ | 47,245 | | |
Rinnai Corp. | | | | | 300 | | | | | | 22,866 | | |
Rion Co., Ltd. | | | | | 5,900 | | | | | | 130,857 | | |
Rohm Co., Ltd. | | | | | 600 | | | | | | 43,725 | | |
Ryohin Keikaku Co., Ltd. | | | | | 200 | | | | | | 59,497 | | |
Sakata Seed Corp. | | | | | 18,400 | | | | | | 662,348 | | |
Sankyo Co., Ltd. | | | | | 400 | | | | | | 15,649 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 2,400 | | | | | | 38,043 | | |
SBI Holdings, Inc. | | | | | 1,400 | | | | | | 43,496 | | |
Secom Co., Ltd. | | | | | 1,200 | | | | | | 97,821 | | |
Sega Sammy Holdings, Inc. | | | | | 1,300 | | | | | | 19,165 | | |
Seibu Holdings, Inc. | | | | | 1,600 | | | | | | 28,770 | | |
Seiko Epson Corp. | | | | | 1,900 | | | | | | 32,408 | | |
Sekisui Chemical Co., Ltd. | | | | | 2,400 | | | | | | 44,274 | | |
Sekisui House Ltd. | | | | | 3,700 | | | | | | 56,418 | | |
Seven & i Holdings Co., Ltd. | | | | | 4,900 | | | | | | 218,219 | | |
Seven Bank Ltd. | | | | | 5,200 | | | | | | 16,430 | | |
SG Holdings Co., Ltd. | | | | | 800 | | | | | | 20,961 | | |
Sharp Corp. | | | | | 1,200 | | | | | | 24,387 | | |
Shimadzu Corp. | | | | | 1,300 | | | | | | 40,732 | | |
Shimamura Co., Ltd. | | | | | 200 | | | | | | 18,976 | | |
Shimano, Inc. | | | | | 500 | | | | | | 80,576 | | |
Shimizu Corp. | | | | | 3,600 | | | | | | 32,857 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 11,500 | | | | | | 1,018,725 | | |
Shinsei Bank Ltd. | | | | | 31,300 | | | | | | 511,566 | | |
Shionogi & Co., Ltd. | | | | | 1,600 | | | | | | 104,545 | | |
Shiseido Co., Ltd. | | | | | 2,500 | | | | | | 193,606 | | |
Shizuoka Bank Ltd. (The) | | | | | 2,800 | | | | | | 25,136 | | |
SHO-BOND Holdings Co., Ltd. | | | | | 10,300 | | | | | | 831,289 | | |
Showa Denko KK | | | | | 1,000 | | | | | | 55,184 | | |
Showa Shell Sekiyu KK | | | | | 1,400 | | | | | | 29,659 | | |
SMC Corp. | | | | | 400 | | | | | | 128,006 | | |
SoftBank Group Corp. | | | | | 5,200 | | | | | | 524,943 | | |
Sohgo Security Services Co., Ltd. | | | | | 500 | | | | | | 21,981 | | |
Sompo Holdings, Inc. | | | | | 1,900 | | | | | | 80,920 | | |
Sony Corp. | | | | | 42,300 | | | | | | 2,593,397 | | |
Sony Financial Holdings, Inc. | | | | | 1,200 | | | | | | 26,446 | | |
Stanley Electric Co., Ltd. | | | | | 800 | | | | | | 27,354 | | |
Start Today Co., Ltd. | | | | | 1,200 | | | | | | 36,332 | | |
Subaru Corp. | | | | | 4,200 | | | | | | 128,639 | | |
SUMCO Corp. | | | | | 1,600 | | | | | | 23,207 | | |
Sumitomo Chemical Co., Ltd. | | | | | 9,000 | | | | | | 52,676 | | |
Sumitomo Corp. | | | | | 7,600 | | | | | | 126,722 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 1,200 | | | | | $ | 27,555 | | |
Sumitomo Electric Industries Ltd. | | | | | 4,400 | | | | | | 69,009 | | |
Sumitomo Heavy Industries Ltd. | | | | | 800 | | | | | | 28,551 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 1,400 | | | | | | 49,115 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 38,800 | | | | | | 1,566,069 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 2,000 | | | | | | 82,309 | | |
Sumitomo Realty & Development Co., Ltd. | | | | | 2,000 | | | | | | 71,818 | | |
Sumitomo Rubber Industries Ltd. | | | | | 1,300 | | | | | | 19,508 | | |
Sundrug Co., Ltd. | | | | | 600 | | | | | | 21,413 | | |
Suntory Beverage & Food Ltd. | | | | | 900 | | | | | | 38,101 | | |
Suzuken Co. Ltd/Aichi Japan | | | | | 500 | | | | | | 23,719 | | |
Suzuki Motor Corp. | | | | | 2,300 | | | | | | 131,741 | | |
Sysmex Corp. | | | | | 1,000 | | | | | | 86,076 | | |
T&D Holdings, Inc. | | | | | 3,400 | | | | | | 56,108 | | |
Taiheiyo Cement Corp. | | | | | 800 | | | | | | 25,101 | | |
Taisei Corp. | | | | | 1,300 | | | | | | 59,268 | | |
Taisho Pharmaceutical Holdings Co., Ltd. | | | | | 300 | | | | | | 36,675 | | |
Taiyo Nippon Sanso Corp. | | | | | 1,100 | | | | | | 16,458 | | |
Takashimaya Co., Ltd. | | | | | 1,000 | | | | | | 16,890 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 4,700 | | | | | | 201,080 | | |
Tayca Corp. | | | | | 10,478 | | | | | | 249,178 | | |
TDK Corp. | | | | | 800 | | | | | | 87,238 | | |
Teijin Ltd. | | | | | 1,300 | | | | | | 24,931 | | |
Terumo Corp. | | | | | 1,800 | | | | | | 106,619 | | |
THK Co., Ltd. | | | | | 800 | | | | | | 20,363 | | |
Tobu Railway Co., Ltd. | | | | | 1,200 | | | | | | 35,487 | | |
Toho Co., Ltd. | | | | | 800 | | | | | | 25,101 | | |
Toho Gas Co., Ltd. | | | | | 600 | | | | | | 22,786 | | |
Tohoku Electric Power Co., Inc. | | | | | 2,800 | | | | | | 38,000 | | |
Tokio Marine Holdings, Inc. | | | | | 4,400 | | | | | | 218,296 | | |
Tokyo Century Corp. | | | | | 300 | | | | | | 18,641 | | |
Tokyo Electric Power Co. Holdings, Inc.(a) | | | | | 9,000 | | | | | | 44,200 | | |
Tokyo Electron Ltd. | | | | | 1,000 | | | | | | 137,388 | | |
Tokyo Gas Co., Ltd. | | | | | 2,400 | | | | | | 58,986 | | |
Tokyo Tatemono Co., Ltd. | | | | | 1,500 | | | | | | 18,298 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Tokyu Corp. | | | | | 3,100 | | | | | $ | 56,696 | | |
Tokyu Fudosan Holdings Corp. | | | | | 3,600 | | | | | | 25,094 | | |
Toppan Printing Co., Ltd. | | | | | 1,500 | | | | | | 24,093 | | |
Toray Industries, Inc. | | | | | 94,700 | | | | | | 711,375 | | |
Toshiba Corp.(a) | | | | | 4,400 | | | | | | 127,214 | | |
Tosoh Corp. | | | | | 1,600 | | | | | | 24,644 | | |
TOTO Ltd. | | | | | 900 | | | | | | 37,348 | | |
Toyo Seikan Group Holdings Ltd. | | | | | 1,200 | | | | | | 24,893 | | |
Toyo Suisan Kaisha Ltd. | | | | | 700 | | | | | | 27,139 | | |
Toyoda Gosei Co., Ltd. | | | | | 600 | | | | | | 14,813 | | |
Toyota Industries Corp. | | | | | 900 | | | | | | 53,230 | | |
Toyota Motor Corp. | | | | | 14,400 | | | | | | 899,208 | | |
Toyota Tsusho Corp. | | | | | 1,300 | | | | | | 49,085 | | |
Transcosmos, Inc. | | | | | 26,400 | | | | | | 668,016 | | |
Trend Micro, Inc. | | | | | 700 | | | | | | 45,036 | | |
Tsuruha Holdings, Inc. | | | | | 300 | | | | | | 36,939 | | |
Unicharm Corp. | | | | | 2,400 | | | | | | 79,380 | | |
United Urban Investment Corp. | | | | | 20 | | | | | | 31,385 | | |
USS Co., Ltd. | | | | | 1,500 | | | | | | 27,843 | | |
West Japan Railway Co. | | | | | 1,000 | | | | | | 69,715 | | |
Yahoo Japan Corp. | | | | | 20,100 | | | | | | 72,354 | | |
Yakult Honsha Co., Ltd. | | | | | 700 | | | | | | 57,358 | | |
Yamada Denki Co., Ltd. | | | | | 4,700 | | | | | | 23,785 | | |
Yamaguchi Financial Group, Inc. | | | | | 2,000 | | | | | | 21,792 | | |
Yamaha Corp. | | | | | 23,600 | | | | | | 1,250,414 | | |
Yamaha Motor Co., Ltd. | | | | | 1,800 | | | | | | 50,458 | | |
Yamato Holdings Co., Ltd. | | | | | 1,900 | | | | | | 58,328 | | |
Yamazaki Baking Co., Ltd. | | | | | 900 | | | | | | 18,013 | | |
Yaskawa Electric Corp. | | | | | 1,400 | | | | | | 41,586 | | |
Yokogawa Electric Corp. | | | | | 1,600 | | | | | | 33,839 | | |
Yokohama Rubber Co., Ltd. (The) | | | | | 900 | | | | | | 19,399 | | |
Total Japan | | | | | | | | | | | 50,414,292 | | |
JERSEY – 0.0%(b) | | ||||||||||||
Randgold Resources Ltd. | | | | | 695 | | | | | | 49,370 | | |
LUXEMBOURG – 0.3% | | ||||||||||||
ArcelorMittal | | | | | 4,178 | | | | | | 130,003 | | |
Eurofins Scientific SE | | | | | 90 | | | | | | 51,098 | | |
Millicom International Cellular S.A. | | | | | 354 | | | | | | 20,334 | | |
Reinet Investments SCA | | | | | 1,198 | | | | | | 22,290 | | |
RTL Group S.A. | | | | | 357 | | | | | | 25,471 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
LUXEMBOURG – (continued) | | ||||||||||||
SES S.A. | | | | | 2,751 | | | | | $ | 60,367 | | |
Tenaris S.A. | | | | | 44,073 | | | | | | 738,397 | | |
Total Luxembourg | | | | | | | | | | | 1,047,960 | | |
MACAU – 0.0%(b) | | ||||||||||||
MGM China Holdings Ltd. | | | | | 5,200 | | | | | | 8,237 | | |
Sands China Ltd. | | | | | 16,800 | | | | | | 76,077 | | |
Wynn Macau Ltd. | | | | | 8,400 | | | | | | 19,314 | | |
Total Macau | | | | | | | | | | | 103,628 | | |
MALAYSIA – 0.2% | | ||||||||||||
AirAsia Group Bhd | | | | | 8,000 | | | | | | 6,109 | | |
Alliance Bank Malaysia Bhd | | | | | 5,400 | | | | | | 5,454 | | |
AMMB Holdings Bhd | | | | | 8,900 | | | | | | 8,882 | | |
Axiata Group Bhd | | | | | 14,500 | | | | | | 15,977 | | |
CIMB Group Holdings Bhd | | | | | 24,700 | | | | | | 35,870 | | |
Dialog Group Bhd | | | | | 16,600 | | | | | | 13,999 | | |
DiGi.Com Bhd | | | | | 16,600 | | | | | | 19,334 | | |
Gamuda Bhd | | | | | 9,200 | | | | | | 7,469 | | |
Genting Bhd | | | | | 12,400 | | | | | | 23,401 | | |
Genting Malaysia Bhd | | | | | 15,900 | | | | | | 19,171 | | |
HAP Seng Consolidated Bhd | | | | | 3,300 | | | | | | 7,894 | | |
Hartalega Holdings Bhd | | | | | 7,100 | | | | | | 11,357 | | |
Hong Leong Bank Bhd | | | | | 3,500 | | | | | | 17,405 | | |
Hong Leong Financial Group Bhd | | | | | 1,200 | | | | | | 5,596 | | |
IHH Healthcare Bhd | | | | | 11,000 | | | | | | 13,848 | | |
IJM Corp. Bhd | | | | | 15,500 | | | | | | 6,742 | | |
IOI Corp. Bhd | | | | | 11,800 | | | | | | 12,945 | | |
Kuala Lumpur Kepong Bhd | | | | | 2,600 | | | | | | 15,681 | | |
Malayan Banking Bhd | | | | | 23,100 | | | | | | 54,645 | | |
Malaysia Airports Holdings Bhd | | | | | 4,400 | | | | | | 9,462 | | |
Maxis Bhd | | | | | 10,500 | | | | | | 14,817 | | |
MISC Bhd | | | | | 7,200 | | | | | | 10,543 | | |
Nestle Malaysia Bhd | | | | | 300 | | | | | | 10,613 | | |
Petronas Chemicals Group Bhd | | | | | 12,800 | | | | | | 28,950 | | |
Petronas Dagangan Bhd | | | | | 1,300 | | | | | | 8,249 | | |
Petronas Gas Bhd | | | | | 3,700 | | | | | | 16,897 | | |
PPB Group Bhd | | | | | 3,000 | | | | | | 12,164 | | |
Press Metal Aluminium Holdings Bhd | | | | | 7,100 | | | | | | 8,338 | | |
Public Bank Bhd | | | | | 17,300 | | | | | | 104,506 | | |
RHB Bank Bhd | | | | | 4,300 | | | | | | 5,611 | | |
Sime Darby Bhd | | | | | 12,700 | | | | | | 8,009 | | |
Sime Darby Plantation Bhd | | | | | 12,700 | | | | | | 16,264 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MALAYSIA – (continued) | | ||||||||||||
SP Setia Bhd Group | | | | | 8,000 | | | | | $ | 5,219 | | |
Telekom Malaysia Bhd | | | | | 6,000 | | | | | | 4,668 | | |
Tenaga Nasional Bhd | | | | | 18,200 | | | | | | 67,989 | | |
Top Glove Corp. Bhd | | | | | 4,200 | | | | | | 10,818 | | |
YTL Corp. Bhd | | | | | 23,400 | | | | | | 7,068 | | |
Total Malaysia | | | | | | | | | | | 651,964 | | |
MEXICO – 0.8% | | ||||||||||||
Alfa S.A.B. de C.V., Class A | | | | | 23,600 | | | | | | 30,342 | | |
Alsea S.A.B. de C.V. | | | | | 7,000 | | | | | | 23,775 | | |
America Movil S.A.B. de C.V., Series L | | | | | 204,000 | | | | | | 164,059 | | |
Arca Continental S.A.B. de C.V. | | | | | 2,400 | | | | | | 15,490 | | |
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand, Class B | | | | | 15,060 | | | | | | 23,547 | | |
Cemex S.A.B. de C.V., (Unit)(a) | | | | | 95,000 | | | | | | 66,856 | | |
Coca-Cola Femsa S.A.B. de C.V., Series L | | | | | 4,100 | | | | | | 25,070 | | |
El Puerto de Liverpool S.A.B. de C.V. | | | | | 1,000 | | | | | | 7,514 | | |
Fibra Uno Administracion S.A. de C.V. | | | | | 24,300 | | | | | | 32,138 | | |
Fomento Economico Mexicano S.A.B. de C.V. | | | | | 12,100 | | | | | | 119,707 | | |
Fresnillo PLC | | | | | 2,783 | | | | | | 29,795 | | |
Genomma Lab Internacional S.A.B. de C.V., Class B(a) | | | | | 829,000 | | | | | | 723,393 | | |
Gruma S.A.B. de C.V., Class B | | | | | 1,820 | | | | | | 23,137 | | |
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B | | | | | 2,800 | | | | | | 30,633 | | |
Grupo Aeroportuario del Sureste S.A.B. de C.V., Class B | | | | | 1,610 | | | | | | 32,898 | | |
Grupo Bimbo S.A.B. de C.V., Series A | | | | | 13,100 | | | | | | 27,874 | | |
Grupo Carso S.A.B. de C.V., Series A1 | | | | | 2,400 | | | | | | 7,990 | | |
Grupo Financiero Banorte S.A.B. de C.V. | | | | | 15,700 | | | | | | 113,576 | | |
Grupo Financiero Inbursa S.A.B. de C.V. | | | | | 18,100 | | | | | | 28,455 | | |
Grupo Mexico S.A.B. de C.V., Series B | | | | | 20,400 | | | | | | 58,712 | | |
Grupo Televisa S.A.B., Series CPO, (Unit) | | | | | 16,000 | | | | | | 56,856 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MEXICO – (continued) | | ||||||||||||
Industrias Penoles S.A.B. de C.V. | | | | | 745 | | | | | $ | 12,818 | | |
Infraestructura Energetica Nova S.A.B. de C.V. | | | | | 2,900 | | | | | | 14,412 | | |
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | | | | | 328,800 | | | | | | 583,315 | | |
Mexichem S.A.B. de C.V. | | | | | 8,400 | | | | | | 28,759 | | |
Promotora y Operadora de Infraestructura S.A.B. de C.V. | | | | | 1,220 | | | | | | 12,985 | | |
Wal-Mart de Mexico S.A.B. de C.V. | | | | | 33,100 | | | | | | 100,411 | | |
Total Mexico | | | | | | | | | | | 2,394,517 | | |
NETHERLANDS – 4.0% | | ||||||||||||
ABN AMRO Group N.V. | | | | | 33,276 | | | | | | 905,993 | | |
Aegon N.V. | | | | | 12,692 | | | | | | 82,345 | | |
Akzo Nobel N.V. | | | | | 10,488 | | | | | | 980,743 | | |
ASML Holding N.V. | | | | | 2,601 | | | | | | 485,901 | | |
Corbion N.V. | | | | | 20,732 | | | | | | 673,985 | | |
EXOR N.V. | | | | | 799 | | | | | | 53,638 | | |
Heineken Holding N.V. | | | | | 782 | | | | | | 70,819 | | |
Heineken N.V. | | | | | 11,908 | | | | | | 1,116,571 | | |
ING Groep N.V. | | | | | 24,859 | | | | | | 322,799 | | |
KAS Bank N.V. | | | | | 51,100 | | | | | | 442,006 | | |
Koninklijke Ahold Delhaize N.V. | | | | | 7,685 | | | | | | 176,223 | | |
Koninklijke DSM N.V. | | | | | 1,167 | | | | | | 123,625 | | |
Koninklijke KPN N.V. | | | | | 23,589 | | | | | | 62,226 | | |
Koninklijke Philips N.V. | | | | | 6,159 | | | | | | 280,566 | | |
Koninklijke Vopak N.V. | | | | | 650 | | | | | | 32,029 | | |
NN Group N.V. | | | | | 2,128 | | | | | | 94,950 | | |
NXP Semiconductors N.V.(a) | | | | | 2,100 | | | | | | 179,550 | | |
QIAGEN N.V.(a) | | | | | 1,632 | | | | | | 61,772 | | |
Randstad N.V. | | | | | 877 | | | | | | 46,819 | | |
Royal Dutch Shell PLC, Class A | | | | | 102,483 | | | | | | 3,521,741 | | |
Royal Dutch Shell PLC, Class B | | | | | 24,127 | | | | | | 845,614 | | |
Sligro Food Group N.V. | | | | | 13,620 | | | | | | 581,937 | | |
Wolters Kluwer N.V. | | | | | 25,322 | | | | | | 1,578,198 | | |
Total Netherlands | | | | | | | | | | | 12,720,050 | | |
NEW ZEALAND – 0.1% | | ||||||||||||
a2 Milk Co., Ltd.(a) | | | | | 4,330 | | | | | | 32,318 | | |
Auckland International Airport Ltd. | | | | | 5,130 | | | | | | 24,823 | | |
Fisher & Paykel Healthcare Corp. Ltd. | | | | | 3,054 | | | | | | 30,466 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
NEW ZEALAND – (continued) | | ||||||||||||
Fletcher Building Ltd.(a) | | | | | 4,568 | | | | | $ | 19,803 | | |
Meridian Energy Ltd. | | | | | 6,860 | | | | | | 14,937 | | |
Ryman Healthcare Ltd. | | | | | 2,141 | | | | | | 19,868 | | |
Spark New Zealand Ltd. | | | | | 9,822 | | | | | | 26,368 | | |
Total New Zealand | | | | | | | | | | | 168,583 | | |
NORWAY – 1.2% | | ||||||||||||
Aker BP ASA | | | | | 673 | | | | | | 28,561 | | |
Borregaard ASA | | | | | 63,585 | | | | | | 651,573 | | |
DNB ASA | | | | | 6,127 | | | | | | 128,920 | | |
Equinor ASA | | | | | 56,003 | | | | | | 1,579,197 | | |
Gjensidige Forsikring ASA | | | | | 1,071 | | | | | | 18,055 | | |
Marine Harvest ASA | | | | | 2,230 | | | | | | 51,662 | | |
Norsk Hydro ASA | | | | | 7,199 | | | | | | 43,218 | | |
Orkla ASA | | | | | 4,363 | | | | | | 36,861 | | |
Schibsted ASA, Class B | | | | | 525 | | | | | | 18,191 | | |
Telenor ASA | | | | | 61,480 | | | | | | 1,201,839 | | |
Yara International ASA | | | | | 951 | | | | | | 46,704 | | |
Total Norway | | | | | | | | | | | 3,804,781 | | |
PERU – 0.0%(b) | | ||||||||||||
Cia de Minas Buenaventura S.A.A., ADR | | | | | 1,000 | | | | | | 13,410 | | |
Credicorp Ltd. | | | | | 400 | | | | | | 89,232 | | |
Southern Copper Corp. | | | | | 500 | | | | | | 21,570 | | |
Total Peru | | | | | | | | | | | 124,212 | | |
PHILIPPINES – 0.1% | | ||||||||||||
Aboitiz Equity Ventures, Inc. | | | | | 10,560 | | | | | | 9,577 | | |
Aboitiz Power Corp. | | | | | 7,900 | | | | | | 4,891 | | |
Alliance Global Group, Inc.(a) | | | | | 21,900 | | | | | | 5,059 | | |
Ayala Corp. | | | | | 1,330 | | | | | | 22,844 | | |
Ayala Land, Inc. | | | | | 39,400 | | | | | | 29,205 | | |
Bank of the Philippine Islands | | | | | 4,800 | | | | | | 7,400 | | |
BDO Unibank, Inc. | | | | | 10,520 | | | | | | 23,326 | | |
Globe Telecom, Inc. | | | | | 180 | | | | | | 7,329 | | |
GT Capital Holdings, Inc. | | | | | 481 | | | | | | 7,300 | | |
JG Summit Holdings, Inc. | | | | | 15,340 | | | | | | 15,317 | | |
Jollibee Foods Corp. | | | | | 2,320 | | | | | | 11,035 | | |
Manila Electric Co. | | | | | 1,210 | | | | | | 7,614 | | |
Metro Pacific Investments Corp. | | | | | 75,900 | | | | | | 6,673 | | |
Metropolitan Bank & Trust Co. | | | | | 4,260 | | | | | | 5,283 | | |
PLDT, Inc. | | | | | 465 | | | | | | 11,619 | | |
SM Investments Corp. | | | | | 1,290 | | | | | | 21,584 | | |
SM Prime Holdings, Inc. | | | | | 73,300 | | | | | | 49,043 | | |
Universal Robina Corp. | | | | | 4,720 | | | | | | 12,623 | | |
Total Philippines | | | | | | | | | | | 257,722 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
POLAND – 0.1% | | ||||||||||||
Alior Bank S.A.(a) | | | | | 484 | | | | | $ | 8,271 | | |
Bank Handlowy w Warszawie S.A. | | | | | 181 | | | | | | 3,790 | | |
Bank Millennium S.A.(a) | | | | | 3,247 | | | | | | 8,147 | | |
Bank Polska Kasa Opieki S.A. | | | | | 843 | | | | | | 24,283 | | |
Bank Zachodni WBK S.A. | | | | | 186 | | | | | | 18,949 | | |
CCC S.A. | | | | | 154 | | | | | | 9,190 | | |
CD Projekt S.A.(a) | | | | | 360 | | | | | | 18,289 | | |
Cyfrowy Polsat S.A.(a) | | | | | 3,198 | | | | | | 19,291 | | |
Dino Polska S.A.(a) | | | | | 262 | | | | | | 7,078 | | |
Grupa Lotos S.A. | | | | | 495 | | | | | | 10,080 | | |
Jastrzebska Spolka Weglowa S.A.(a) | | | | | 283 | | | | | | 5,082 | | |
KGHM Polska Miedz S.A.(a) | | | | | 749 | | | | | | 18,101 | | |
LPP S.A. | | | | | 7 | | | | | | 16,376 | | |
mBank S.A. | | | | | 79 | | | | | | 9,591 | | |
Orange Polska S.A.(a) | | | | | 3,512 | | | | | | 4,229 | | |
PGE Polska Grupa Energetyczna S.A.(a) | | | | | 4,504 | | | | | | 11,630 | | |
PLAY Communications S.A. | | | | | 632 | | | | | | 3,449 | | |
Polski Koncern Naftowy ORLEN S.A. | | | | | 1,603 | | | | | | 43,914 | | |
Polskie Gornictwo Naftowe i Gazownictwo S.A.(a) | | | | | 9,279 | | | | | | 16,284 | | |
Powszechna Kasa Oszczednosci Bank Polski S.A. | | | | | 5,018 | | | | | | 58,390 | | |
Powszechny Zaklad Ubezpieczen S.A. | | | | | 3,236 | | | | | | 34,846 | | |
Total Poland | | | | | | | | | | | 349,260 | | |
PORTUGAL – 0.0%(b) | | ||||||||||||
EDP – Energias de Portugal S.A. | | | | | 17,932 | | | | | | 66,166 | | |
Galp Energia, SGPS, S.A. | | | | | 2,683 | | | | | | 53,237 | | |
Jeronimo Martins, SGPS, S.A. | | | | | 1,347 | | | | | | 19,838 | | |
Total Portugal | | | | | | | | | | | 139,241 | | |
ROMANIA – 0.0%(b) | | ||||||||||||
NEPI Rockcastle PLC | | | | | 2,847 | | | | | | 25,878 | | |
RUSSIA – 0.8% | | ||||||||||||
Gazprom PJSC, ADR | | | | | 31,630 | | | | | | 158,150 | | |
LUKOIL PJSC, ADR | | | | | 2,763 | | | | | | 211,922 | | |
Magnit PJSC, GDR | | | | | 1,909 | | | | | | 27,117 | | |
MMC Norilsk Nickel PJSC, ADR | | | | | 5,000 | | | | | | 86,500 | | |
Mobile TeleSystems PJSC, ADR | | | | | 2,700 | | | | | | 23,031 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
RUSSIA – (continued) | | ||||||||||||
Novatek PJSC, GDR | | | | | 488 | | | | | $ | 89,792 | | |
Novolipetsk Steel PJSC, GDR | | | | | 5,000 | | | | | | 134,750 | | |
PhosAgro PJSC, GDR | | | | | 624 | | | | | | 8,474 | | |
Rosneft Oil Co. PJSC, GDR | | | | | 10,000 | | | | | | 75,080 | | |
Sberbank of Russia PJSC, ADR | | | | | 17,888 | | | | | | 226,820 | | |
Severstal PJSC, GDR | | | | | 8,000 | | | | | | 133,200 | | |
Surgutneftegas OJSC, ADR | | | | | 10,000 | | | | | | 41,400 | | |
Tatneft PJSC, ADR | | | | | 1,509 | | | | | | 115,439 | | |
VTB Bank PJSC, GDR | | | | | 10,000 | | | | | | 13,390 | | |
Yandex N.V., Class A(a) | | | | | 32,900 | | | | | | 1,082,081 | | |
Total Russia | | | | | | | | | | | 2,427,146 | | |
SINGAPORE – 1.0% | | ||||||||||||
Ascendas Real Estate Investment Trust | | | | | 13,300 | | | | | | 25,684 | | |
BOC Aviation Ltd. | | | | | 2,100 | | | | | | 16,283 | | |
CapitaLand Commercial Trust | | | | | 13,500 | | | | | | 17,578 | | |
CapitaLand Ltd. | | | | | 13,700 | | | | | | 33,773 | | |
CapitaLand Mall Trust | | | | | 13,300 | | | | | | 21,598 | | |
City Developments Ltd. | | | | | 2,200 | | | | | | 14,661 | | |
ComfortDelGro Corp. Ltd. | | | | | 11,600 | | | | | | 20,620 | | |
DBS Group Holdings Ltd. | | | | | 115,600 | | | | | | 2,206,213 | | |
Genting Singapore Ltd. | | | | | 32,400 | | | | | | 25,123 | | |
Golden Agri-Resources Ltd. | | | | | 37,800 | | | | | | 6,913 | | |
Jardine Cycle & Carriage Ltd. | | | | | 500 | | | | | | 11,700 | | |
Keppel Corp. Ltd. | | | | | 7,800 | | | | | | 39,712 | | |
Oversea-Chinese Banking Corp. Ltd. | | | | | 18,700 | | | | | | 156,489 | | |
SATS Ltd. | | | | | 3,600 | | | | | | 13,746 | | |
Sembcorp Industries Ltd. | | | | | 5,300 | | | | | | 11,980 | | |
Singapore Airlines Ltd. | | | | | 2,900 | | | | | | 20,662 | | |
Singapore Exchange Ltd. | | | | | 4,300 | | | | | | 23,182 | | |
Singapore Press Holdings Ltd. | | | | | 8,600 | | | | | | 18,055 | | |
Singapore Technologies Engineering Ltd. | | | | | 8,400 | | | | | | 21,875 | | |
Singapore Telecommunications Ltd. | | | | | 48,500 | | | | | | 114,948 | | |
Suntec Real Estate Investment Trust | | | | | 13,500 | | | | | | 19,059 | | |
United Overseas Bank Ltd. | | | | | 8,900 | | | | | | 176,301 | | |
UOL Group Ltd. | | | | | 2,700 | | | | | | 13,608 | | |
Venture Corp. Ltd. | | | | | 1,700 | | | | | | 21,924 | | |
Wilmar International Ltd. | | | | | 8,600 | | | | | | 20,257 | | |
Total Singapore | | | | | | | | | | | 3,071,944 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH AFRICA – 1.3% | | ||||||||||||
Absa Group Ltd. | | | | | 4,725 | | | | | $ | 50,748 | | |
Anglo American Platinum Ltd. | | | | | 570 | | | | | | 18,622 | | |
AngloGold Ashanti Ltd. | | | | | 3,137 | | | | | | 27,152 | | |
Aspen Pharmacare Holdings Ltd. | | | | | 2,573 | | | | | | 30,819 | | |
Bid Corp. Ltd. | | | | | 2,261 | | | | | | 47,154 | | |
Bidvest Group Ltd. (The) | | | | | 2,377 | | | | | | 31,097 | | |
Capitec Bank Holdings Ltd. | | | | | 332 | | | | | | 24,047 | | |
Clicks Group Ltd. | | | | | 1,903 | | | | | | 23,550 | | |
Coronation Fund Managers Ltd. | | | | | 2,738 | | | | | | 10,434 | | |
Discovery Ltd. | | | | | 2,657 | | | | | | 31,941 | | |
Exxaro Resources Ltd. | | | | | 2,097 | | | | | | 21,555 | | |
FirstRand Ltd. | | | | | 21,031 | | | | | | 100,937 | | |
Fortress REIT Ltd., Class A | | | | | 11,380 | | | | | | 13,632 | | |
Fortress REIT Ltd., Class B | | | | | 9,675 | | | | | | 10,420 | | |
Foschini Group Ltd. (The) | | | | | 1,766 | | | | | | 21,651 | | |
Gold Fields Ltd. | | | | | 6,530 | | | | | | 15,714 | | |
Growthpoint Properties Ltd. | | | | | 20,485 | | | | | | 33,651 | | |
Hyprop Investments Ltd. | | | | | 2,260 | | | | | | 14,751 | | |
Imperial Holdings Ltd. | | | | | 1,358 | | | | | | 16,805 | | |
Investec Ltd. | | | | | 2,482 | | | | | | 17,469 | | |
Investec PLC | | | | | 5,586 | | | | | | 39,287 | | |
Kumba Iron Ore Ltd. | | | | | 653 | | | | | | 14,821 | | |
Liberty Holdings Ltd. | | | | | 1,438 | | | | | | 11,468 | | |
Life Healthcare Group Holdings Ltd. | | | | | 11,044 | | | | | | 19,181 | | |
Mediclinic International PLC | | | | | 3,699 | | | | | | 20,683 | | |
MMI Holdings Ltd.(a) | | | | | 10,106 | | | | | | 12,406 | | |
Mondi Ltd. | | | | | 917 | | | | | | 25,193 | | |
Mr Price Group Ltd. | | | | | 42,618 | | | | | | 687,916 | | |
MTN Group Ltd. | | | | | 10,650 | | | | | | 65,958 | | |
Naspers Ltd., Class N | | | | | 2,775 | | | | | | 598,837 | | |
Nedbank Group Ltd. | | | | | 1,614 | | | | | | 30,203 | | |
Netcare Ltd. | | | | | 11,482 | | | | | | 19,657 | | |
Old Mutual Ltd. | | | | | 32,376 | | | | | | 68,438 | | |
Pick n Pay Stores Ltd. | | | | | 3,269 | | | | | | 15,900 | | |
Pioneer Foods Group Ltd. | | | | | 1,524 | | | | | | 9,915 | | |
PSG Group Ltd. | | | | | 1,275 | | | | | | 20,647 | | |
Rand Merchant Investment Holdings Ltd. | | | | | 6,151 | | | | | | 16,794 | | |
Redefine Properties Ltd. | | | | | 39,207 | | | | | | 27,781 | | |
Remgro Ltd. | | | | | 3,504 | | | | | | 48,876 | | |
Resilient REIT Ltd. | | | | | 3,030 | | | | | | 12,455 | | |
RMB Holdings Ltd. | | | | | 5,268 | | ��� | | | | 29,486 | | |
Sanlam Ltd. | | | | | 212,567 | | | | | | 1,189,158 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH AFRICA – (continued) | | ||||||||||||
Sappi Ltd. | | | | | 4,008 | | | | | $ | 25,154 | | |
Sasol Ltd. | | | | | 3,414 | | | | | | 132,185 | | |
Shoprite Holdings Ltd. | | | | | 2,956 | | | | | | 40,061 | | |
SPAR Group Ltd. (The) | | | | | 1,570 | | | | | | 20,443 | | |
Standard Bank Group Ltd. | | | | | 7,971 | | | | | | 98,642 | | |
Telkom S.A. SOC Ltd. | | | | | 3,263 | | | | | | 11,920 | | |
Tiger Brands Ltd. | | | | | 1,201 | | | | | | 22,508 | | |
Truworths International Ltd. | | | | | 3,619 | | | | | | 21,369 | | |
Vodacom Group Ltd. | | | | | 4,130 | | | | | | 36,778 | | |
Woolworths Holdings Ltd. | | | | | 7,312 | | | | | | 25,647 | | |
Total South Africa | | | | | | | | | | | 3,981,916 | | |
SOUTH KOREA – 1.9% | | ||||||||||||
Amorepacific Corp. | | | | | 184 | | | | | | 43,294 | | |
AMOREPACIFIC Group | | | | | 166 | | | | | | 13,962 | | |
BGF retail Co., Ltd. | | | | | 45 | | | | | | 8,337 | | |
BNK Financial Group, Inc. | | | | | 1,496 | | | | | | 11,598 | | |
Celltrion Healthcare Co., Ltd.(a) | | | | | 197 | | | | | | 16,375 | | |
Celltrion Pharm, Inc.(a) | | | | | 88 | | | | | | 6,347 | | |
Celltrion, Inc.(a) | | | | | 546 | | | | | | 146,191 | | |
Cheil Worldwide, Inc. | | | | | 396 | | | | | | 7,729 | | |
Choong Ang Vaccine Laboratory | | | | | 33,888 | | | | | | 757,649 | | |
CJ CheilJedang Corp. | | | | | 47 | | | | | | 14,131 | | |
CJ Corp. | | | | | 84 | | | | | | 10,223 | | |
CJ ENM Co., Ltd. | | | | | 62 | | | | | | 13,862 | | |
CJ Logistics Corp.(a) | | | | | 46 | | | | | | 6,552 | | |
Coway Co., Ltd. | | | | | 279 | | | | | | 21,832 | | |
Daelim Industrial Co., Ltd. | | | | | 160 | | | | | | 11,914 | | |
Daewoo Engineering & Construction Co., Ltd.(a) | | | | | 954 | | | | | | 5,091 | | |
DB Insurance Co., Ltd. | | | | | 284 | | | | | | 18,639 | | |
DGB Financial Group, Inc. | | | | | 970 | | | | | | 8,876 | | |
Dongsuh Cos., Inc. | | | | | 200 | | | | | | 3,786 | | |
Doosan Bobcat, Inc. | | | | | 201 | | | | | | 7,321 | | |
Doosan Heavy Industries & Construction Co., Ltd.(a) | | | | | 366 | | | | | | 4,916 | | |
E-MART, Inc. | | | | | 120 | | | | | | 22,448 | | |
GS Engineering & Construction Corp. | | | | | 288 | | | | | | 13,579 | | |
GS Holdings Corp. | | | | | 293 | | | | | | 14,554 | | |
GS Retail Co., Ltd. | | | | | 155 | | | | | | 5,380 | | |
Hana Financial Group, Inc. | | | | | 1,698 | | | | | | 68,196 | | |
Hankook Tire Co., Ltd. | | | | | 426 | | | | | | 19,241 | | |
Hanmi Pharm Co., Ltd. | | | | | 36 | | | | | | 16,227 | | |
Hanmi Science Co., Ltd. | | | | | 73 | | | | | | 5,778 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
Hanon Systems | | | | | 1,072 | | | | | $ | 12,225 | | |
Hanssem Co., Ltd. | | | | | 61 | | | | | | 4,212 | | |
Hanwha Chemical Corp. | | | | | 615 | | | | | | 10,700 | | |
Hanwha Corp. | | | | | 237 | | | | | | 7,008 | | |
Hanwha Life Insurance Co., Ltd. | | | | | 1,744 | | | | | | 8,317 | | |
HDC Hyundai Development Co-Engineering & Construction(a) | | | | | 202 | | | | | | 9,269 | | |
HLB, Inc.(a) | | | | | 178 | | | | | | 19,272 | | |
Hotel Shilla Co., Ltd. | | | | | 180 | | | | | | 17,607 | | |
Hyundai Department Store Co., Ltd. | | | | | 81 | | | | | | 7,258 | | |
Hyundai Engineering & Construction Co., Ltd. | | | | | 447 | | | | | | 27,201 | | |
Hyundai Glovis Co., Ltd. | | | | | 108 | | | | | | 12,657 | | |
Hyundai Heavy Industries Co., Ltd.(a) | | | | | 210 | | | | | | 25,463 | | |
Hyundai Heavy Industries Holdings Co., Ltd.(a) | | | | | 56 | | | | | | 20,446 | | |
Hyundai Marine & Fire Insurance Co., Ltd. | | | | | 359 | | | | | | 13,577 | | |
Hyundai Mobis Co., Ltd. | | | | | 391 | | | | | | 80,368 | | |
Hyundai Motor Co. | | | | | 885 | | | | | | 103,320 | | |
Hyundai Steel Co. | | | | | 459 | | | | | | 23,379 | | |
Industrial Bank of Korea | | | | | 1,446 | | | | | | 19,880 | | |
Kakao Corp. | | | | | 262 | | | | | | 28,107 | | |
Kangwon Land, Inc. | | | | | 675 | | | | | | 17,465 | | |
KB Financial Group, Inc. | | | | | 2,279 | | | | | | 111,356 | | |
KCC Corp. | | | | | 33 | | | | | | 10,085 | | |
KEPCO Plant Service & Engineering Co., Ltd. | | | | | 129 | | | | | | 3,954 | | |
Kia Motors Corp. | | | | | 1,512 | | | | | | 47,844 | | |
Korea Aerospace Industries Ltd.(a) | | | | | 419 | | | | | | 13,258 | | |
Korea Electric Power Corp. | | | | | 1,473 | | | | | | 38,975 | | |
Korea Gas Corp.(a) | | | | | 159 | | | | | | 8,701 | | |
Korea Investment Holdings Co., Ltd. | | | | | 240 | | | | | | 16,465 | | |
Korea Zinc Co., Ltd. | | | | | 49 | | | | | | 19,260 | | |
Korean Air Lines Co., Ltd. | | | | | 272 | | | | | | 6,890 | | |
KT Corp. | | | | | 180 | | | | | | 4,893 | | |
KT&G Corp. | | | | | 669 | | | | | | 62,723 | | |
Kumho Petrochemical Co., Ltd. | | | | | 105 | | | | | | 9,324 | | |
LG Chem Ltd. | | | | | 263 | | | | | | 86,659 | | |
LG Corp. | | | | | 544 | | | | | | 35,605 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
LG Display Co., Ltd. | | | | | 1,334 | | | | | $ | 22,970 | | |
LG Electronics, Inc. | | | | | 610 | | | | | | 39,044 | | |
LG Household & Health Care Ltd. | | | | | 54 | | | | | | 62,118 | | |
LG Innotek Co., Ltd. | | | | | 81 | | | | | | 9,529 | | |
LG Uplus Corp. | | | | | 1,341 | | | | | | 22,123 | | |
Lotte Chemical Corp. | | | | | 98 | | | | | | 24,561 | | |
Lotte Corp.(a) | | | | | 167 | | | | | | 8,597 | | |
Lotte Shopping Co., Ltd. | | | | | 65 | | | | | | 12,276 | | |
Medy-Tox, Inc. | | | | | 24 | | | | | | 13,393 | | |
Mirae Asset Daewoo Co., Ltd. | | | | | 2,293 | | | | | | 17,509 | | |
NAVER Corp. | | | | | 161 | | | | | | 103,922 | | |
NCSoft Corp. | | | | | 101 | | | | | | 40,291 | | |
Netmarble Corp. | | | | | 146 | | | | | | 15,136 | | |
NH Investment & Securities Co., Ltd. | | | | | 807 | | | | | | 10,404 | | |
OCI Co., Ltd. | | | | | 103 | | | | | | 10,214 | | |
Orange Life Insurance Ltd. | | | | | 188 | | | | | | 5,779 | | |
Orion Corp/Republic of Korea | | | | | 125 | | | | | | 11,889 | | |
Ottogi Corp. | | | | | 7 | | | | | | 4,714 | | |
Pan Ocean Co., Ltd.(a) | | | | | 1,380 | | | | | | 6,519 | | |
Pearl Abyss Corp.(a) | | | | | 32 | | | | | | 6,168 | | |
POSCO | | | | | 520 | | | | | | 138,057 | | |
Posco Daewoo Corp. | | | | | 283 | | | | | | 5,345 | | |
S-1 Corp. | | | | | 98 | | | | | | 8,075 | | |
S-Oil Corp. | | | | | 258 | | | | | | 31,865 | | |
Samsung Biologics Co., Ltd.(a) | | | | | 95 | | | | | | 45,734 | | |
Samsung C&T Corp. | | | | | 435 | | | | | | 50,784 | | |
Samsung Card Co., Ltd. | | | | | 166 | | | | | | 5,507 | | |
Samsung Electro-Mechanics Co., Ltd. | | | | | 321 | | | | | | 40,225 | | |
Samsung Electronics Co., Ltd. | | | | | 30,922 | | | | | | 1,294,863 | | |
Samsung Engineering Co., Ltd.(a) | | | | | 900 | | | | | | 15,659 | | |
Samsung Fire & Marine Insurance Co., Ltd. | | | | | 177 | | | | | | 45,317 | | |
Samsung Heavy Industries Co., Ltd.(a) | | | | | 2,221 | | | | | | 16,178 | | |
Samsung Life Insurance Co., Ltd. | | | | | 402 | | | | | | 35,262 | | |
Samsung SDI Co., Ltd. | | | | | 316 | | | | | | 73,641 | | |
Samsung SDS Co., Ltd. | | | | | 200 | | | | | | 41,650 | | |
Samsung Securities Co., Ltd. | | | | | 359 | | | | | | 10,567 | | |
Shinhan Financial Group Co., Ltd. | | | | | 2,448 | | | | | | 99,310 | | |
Shinsegae, Inc. | | | | | 42 | | | | | | 13,726 | | |
SillaJen, Inc.(a) | | | | | 293 | | | | | | 27,048 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
SK Holdings Co., Ltd. | | | | | 182 | | | | | $ | 47,089 | | |
SK Hynix, Inc. | | | | | 3,739 | | | | | | 246,402 | | |
SK Innovation Co., Ltd. | | | | | 371 | | | | | | 71,909 | | |
SK Materials Co., Ltd. | | | | | 3,950 | | | | | | 649,876 | | |
SK Telecom Co., Ltd. | | | | | 116 | | | | | | 29,490 | | |
ViroMed Co., Ltd.(a) | | | | | 78 | | | | | | 16,933 | | |
Woori Bank | | | | | 2,715 | | | | | | 41,364 | | |
Yuhan Corp. | | | | | 49 | | | | | | 10,712 | | |
Total South Korea | | | | | | | | | | | 5,807,495 | | |
SPAIN – 1.5% | | ||||||||||||
Abertis Infraestructuras S.A.(a) | | | | | 3,711 | | | | | | 79,107 | | |
ACS Actividades de Construccion y Servicios S.A. | | | | | 1,773 | | | | | | 75,507 | | |
Aena SME S.A. | | | | | 452 | | | | | | 78,457 | | |
Amadeus IT Group S.A. | | | | | 2,876 | | | | | | 267,201 | | |
Banco Bilbao Vizcaya Argentaria S.A. | | | | | 139,744 | | | | | | 890,752 | | |
Banco de Sabadell S.A. | | | | | 39,184 | | | | | | 60,917 | | |
Banco Santander S.A. | | | | | 102,419 | | | | | | 515,550 | | |
Bankia S.A. | | | | | 10,032 | | | | | | 39,334 | | |
Bankinter S.A. | | | | | 5,028 | | | | | | 46,305 | | |
CaixaBank S.A. | | | | | 23,253 | | | | | | 106,318 | | |
Enagas S.A. | | | | | 1,727 | | | | | | 46,619 | | |
Endesa S.A. | | | | | 2,359 | | | | | | 50,971 | | |
Ferrovial S.A. | | | | | 3,394 | | | | | | 70,419 | | |
Gas Natural SDG S.A. | | | | | 2,492 | | | | | | 68,022 | | |
Grifols S.A. | | | | | 2,079 | | | | | | 58,559 | | |
Iberdrola S.A. | | | | | 38,676 | | | | | | 284,607 | | |
Industria de Diseno Textil S.A. | | | | | 6,623 | | | | | | 200,777 | | |
Mapfre S.A. | | | | | 10,164 | | | | | | 31,886 | | |
Red Electrica Corp. S.A. | | | | | 55,152 | | | | | | 1,155,178 | | |
Repsol S.A. | | | | | 8,457 | | | | | | 168,543 | | |
Siemens Gamesa Renewable Energy S.A.(a) | | | | | 2,149 | | | | | | 27,197 | | |
Telefonica S.A. | | | | | 30,696 | | | | | | 242,991 | | |
Total Spain | | | | | | | | | | | 4,565,217 | | |
SWEDEN – 3.3% | | ||||||||||||
Ahlstrom-Munksjo Oyj | | | | | 35,597 | | | | | | 681,944 | | |
Alfa Laval AB | | | | | 1,572 | | | | | | 42,628 | | |
Assa Abloy AB, Class B | | | | | 112,902 | | | | | | 2,269,499 | | |
Atlas Copco AB, Class A | | | | | 4,240 | | | | | | 122,228 | | |
Atlas Copco AB, Class B | | | | | 2,589 | | | | | | 69,084 | | |
Avanza Bank Holding AB | | | | | 12,291 | | | | | | 559,826 | | |
BioGaia AB, Class B | | | | | 14,620 | | | | | | 734,504 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SWEDEN – (continued) | | ||||||||||||
Boliden AB | | | | | 2,928 | | | | | $ | 81,672 | | |
Cloetta AB, Class B | | | | | 212,007 | | | | | | 655,529 | | |
Electrolux AB, Series B | | | | | 1,288 | | | | | | 28,405 | | |
Epiroc AB, Class A(a) | | | | | 78,518 | | | | | | 877,291 | | |
Epiroc AB, Class B(a) | | | | | 2,089 | | | | | | 21,507 | | |
Essity AB, Class B | | | | | 3,744 | | | | | | 94,112 | | |
Hennes & Mauritz AB, Class B | | | | | 5,082 | | | | | | 93,916 | | |
Hexagon AB, Class B | | | | | 1,689 | | | | | | 99,013 | | |
Husqvarna AB, Class B | | | | | 2,231 | | | | | | 19,003 | | |
IAR Systems Group AB | | | | | 27,427 | | | | | | 797,745 | | |
ICA Gruppen AB | | | | | 431 | | | | | | 13,676 | | |
Industrivarden AB, Class C | | | | | 894 | | | | | | 19,867 | | |
Investor AB, Class B | | | | | 2,904 | | | | | | 134,198 | | |
Kabe Husvagnar AB, Class B | | | | | 27,096 | | | | | | 460,370 | | |
Kinnevik AB, Class B | | | | | 1,254 | | | | | | 37,970 | | |
L E Lundbergforetagen AB, Class B | | | | | 537 | | | | | | 18,103 | | |
Lundin Petroleum AB | | | | | 1,002 | | | | | | 38,355 | | |
Nordea Bank AB | | | | | 120,719 | | | | | | 1,315,665 | | |
Sandvik AB | | | | | 7,168 | | | | | | 127,231 | | |
Securitas AB, Class B | | | | | 1,676 | | | | | | 29,183 | | |
Skandinaviska Enskilda Banken AB, Class A | | | | | 10,640 | | | | | | 118,810 | | |
Skanska AB, Class B | | | | | 1,821 | | | | | | 35,765 | | |
SKF AB, Class B | | | | | 2,022 | | | | | | 39,894 | | |
Svenska Handelsbanken AB, Class A | | | | | 9,859 | | | | | | 124,522 | | |
Swedbank AB, Class A | | | | | 5,767 | | | | | | 142,952 | | |
Swedish Match AB | | | | | 973 | | | | | | 49,814 | | |
Tele2 AB, Class B | | | | | 1,936 | | | | | | 23,308 | | |
Telefonaktiebolaget LM Ericsson, Class B | | | | | 19,243 | | | | | | 170,791 | | |
Telia Co. AB | | | | | 17,566 | | | | | | 80,681 | | |
Volvo AB, Class B | | | | | 9,712 | | | | | | 171,676 | | |
Total Sweden | | | | | | | | | | | 10,400,737 | | |
SWITZERLAND – 6.2% | | ||||||||||||
ABB Ltd. | | | | | 11,728 | | | | | | 277,127 | | |
Adecco Group AG | | | | | 1,132 | | | | | | 59,449 | | |
Baloise Holding AG | | | | | 360 | | | | | | 54,913 | | |
Barry Callebaut AG | | | | | 19 | | | | | | 36,010 | | |
Bobst Group S.A. | | | | | 6,674 | | | | | | 522,278 | | |
Burckhardt Compression Holding AG | | | | | 1,798 | | | | | | 625,471 | | |
Chocoladefabriken Lindt & Spruengli AG | | | | | 8 | | | | | | 56,083 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SWITZERLAND – (continued) | | ||||||||||||
Chocoladefabriken Lindt & Spruengli AG | | | | | 1 | | | | | $ | 82,026 | | |
Cie Financiere Richemont S.A. | | | | | 3,234 | | | | | | 263,623 | | |
Clariant AG | | | | | 1,644 | | | | | | 42,783 | | |
Coca-Cola HBC AG | | | | | 1,478 | | | | | | 50,337 | | |
Credit Suisse Group AG | | | | | 16,234 | | | | | | 243,990 | | |
Dufry AG | | | | | 370 | | | | | | 41,716 | | |
EMS-Chemie Holding AG | | | | | 65 | | | | | | 38,746 | | |
Ferguson PLC | | | | | 23,656 | | | | | | 2,008,785 | | |
Geberit AG | | | | | 240 | | | | | | 111,318 | | |
Givaudan S.A. | | | | | 458 | | | | | | 1,126,099 | | |
Glencore PLC | | | | | 71,228 | | | | | | 307,946 | | |
Gurit Holding AG | | | | | 786 | | | | | | 661,541 | | |
Julius Baer Group Ltd. | | | | | 18,983 | | | | | | 949,924 | | |
Kuehne + Nagel International AG | | | | | 388 | | | | | | 61,477 | | |
LafargeHolcim Ltd. | | | | | 3,224 | | | | | | 159,163 | | |
LEM Holding S.A. | | | | | 486 | | | | | | 572,464 | | |
Lonza Group AG | | | | | 472 | | | | | | 161,117 | | |
Nestle S.A. | | | | | 19,967 | | | | | | 1,664,663 | | |
Novartis AG | | | | | 55,794 | | | | | | 4,798,261 | | |
Pargesa Holding S.A. | | | | | 353 | | | | | | 28,362 | | |
Partners Group Holding AG | | | | | 116 | | | | | | 92,017 | | |
Roche Holding AG | | | | | 4,517 | | | | | | 1,094,270 | | |
Schindler Holding AG | | | | | 288 | | | | | | 71,780 | | |
Schindler Holding AG | | | | | 168 | | | | | | 40,536 | | |
SGS S.A. | | | | | 35 | | | | | | 92,154 | | |
Sika AG | | | | | 823 | | | | | | 119,836 | | |
Sonova Holding AG | | | | | 386 | | | | | | 76,815 | | |
STMicroelectronics N.V. | | | | | 4,612 | | | | | | 83,909 | | |
Straumann Holding AG | | | | | 75 | | | | | | 56,399 | | |
Swatch Group AG (The) | | | | | 231 | | | | | | 91,868 | | |
Swatch Group AG (The) | | | | | 451 | | | | | | 35,155 | | |
Swiss Life Holding AG | | | | | 231 | | | | | | 87,561 | | |
Swiss Prime Site AG | | | | | 539 | | | | | | 45,942 | | |
Swiss Re AG | | | | | 1,945 | | | | | | 179,557 | | |
Swisscom AG | | | | | 176 | | | | | | 79,876 | | |
Temenos AG | | | | | 500 | | | | | | 81,109 | | |
UBS Group AG | | | | | 76,864 | | | | | | 1,213,972 | | |
Valiant Holding AG | | | | | 6,036 | | | | | | 683,924 | | |
Vifor Pharma AG | | | | | 335 | | | | | | 58,081 | | |
Zurich Insurance Group AG | | | | | 961 | | | | | | 303,752 | | |
Total Switzerland | | | | | | | | | | | 19,594,185 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – 2.9% | | ||||||||||||
Acer, Inc. | | | | | 19,000 | | | | | $ | 15,712 | | |
Advantech Co., Ltd. | | | | | 2,000 | | | | | | 14,902 | | |
Airtac International Group | | | | | 1,000 | | | | | | 9,793 | | |
ASE Technology Holding Co., Ltd. | | | | | 20,000 | | | | | | 48,800 | | |
Asia Cement Corp. | | | | | 14,000 | | | | | | 19,029 | | |
Asustek Computer, Inc. | | | | | 4,000 | | | | | | 34,585 | | |
AU Optronics Corp. | | | | | 53,000 | | | | | | 22,392 | | |
Catcher Technology Co., Ltd. | | | | | 4,000 | | | | | | 44,018 | | |
Cathay Financial Holding Co., Ltd. | | | | | 47,000 | | | | | | 80,814 | | |
Chailease Holding Co., Ltd. | | | | | 7,000 | | | | | | 24,531 | | |
Chang Hwa Commercial Bank Ltd. | | | | | 34,320 | | | | | | 21,244 | | |
Cheng Shin Rubber Industry Co., Ltd. | | | | | 12,000 | | | | | | 18,865 | | |
Chicony Electronics Co., Ltd. | | | | | 4,000 | | | | | | 8,096 | | |
China Airlines Ltd. | | | | | 22,000 | | | | | | 6,665 | | |
China Development Financial Holding Corp. | | | | | 81,000 | | | | | | 30,243 | | |
China Life Insurance Co., Ltd. | | | | | 17,000 | | | | | | 17,093 | | |
China Steel Corp. | | | | | 73,000 | | | | | | 60,967 | | |
Chunghwa Telecom Co., Ltd. | | | | | 22,000 | | | | | | 79,258 | | |
Compal Electronics, Inc. | | | | | 27,000 | | | | | | 16,757 | | |
CTBC Financial Holding Co., Ltd. | | | | | 101,000 | | | | | | 76,082 | | |
Delta Electronics, Inc. | | | | | 12,000 | | | | | | 51,485 | | |
E.Sun Financial Holding Co., Ltd. | | | | | 57,000 | | | | | | 42,097 | | |
Eclat Textile Co., Ltd. | | | | | 1,000 | | | | | | 12,380 | | |
Eva Airways Corp. | | | | | 16,800 | | | | | | 8,171 | | |
Evergreen Marine Corp. Taiwan Ltd. | | | | | 16,800 | | | | | | 7,043 | | |
Far Eastern New Century Corp. | | | | | 20,000 | | | | | | 23,384 | | |
Far EasTone Telecommunications Co., Ltd. | | | | | 10,000 | | | | | | 23,843 | | |
Feng TAY Enterprise Co., Ltd. | | | | | 2,000 | | | | | | 12,315 | | |
First Financial Holding Co., Ltd. | | | | | 58,580 | | | | | | 39,906 | | |
Formosa Chemicals & Fibre Corp. | | | | | 20,000 | | | | | | 83,844 | | |
Formosa Petrochemical Corp. | | | | | 7,000 | | | | | | 33,930 | | |
Formosa Plastics Corp. | | | | | 30,000 | | | | | | 114,958 | | |
Formosa Taffeta Co., Ltd. | | | | | 7,000 | | | | | | 8,540 | | |
Foxconn Technology Co., Ltd. | | | | | 6,000 | | | | | | 14,640 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – (continued) | | ||||||||||||
Fubon Financial Holding Co., Ltd. | | | | | 38,000 | | | | | $ | 64,468 | | |
General Interface Solution Holding Ltd. | | | | | 1,000 | | | | | | 4,225 | | |
Giant Manufacturing Co., Ltd. | | | | | 2,000 | | | | | | 8,581 | | |
Globalwafers Co., Ltd. | | | | | 1,000 | | | | | | 11,021 | | |
Highwealth Construction Corp. | | | | | 6,000 | | | | | | 9,511 | | |
Hiwin Technologies Corp. | | | | | 1,000 | | | | | | 8,270 | | |
Hon Hai Precision Industry Co., Ltd. | | | | | 107,000 | | | | | | 277,549 | | |
Hotai Motor Co., Ltd. | | | | | 2,000 | | | | | | 17,129 | | |
HTC Corp.(a) | | | | | 5,000 | | | | | | 6,649 | | |
Hua Nan Financial Holdings Co., Ltd. | | | | | 45,980 | | | | | | 27,859 | | |
Innolux Corp. | | | | | 56,000 | | | | | | 19,441 | | |
Inventec Corp. | | | | | 17,000 | | | | | | 15,256 | | |
Largan Precision Co., Ltd. | | | | | 1,000 | | | | | | 119,051 | | |
Lite-On Technology Corp. | | | | | 14,000 | | | | | | 17,607 | | |
Macronix International | | | | | 12,240 | | | | | | 10,202 | | |
MediaTek, Inc. | | | | | 9,000 | | | | | | 72,659 | | |
Mega Financial Holding Co., Ltd. | | | | | 63,000 | | | | | | 56,742 | | |
Merida Industry Co., Ltd. | | | | | 137,000 | | | | | | 641,634 | | |
Micro-Star International Co., Ltd. | | | | | 4,000 | | | | | | 10,808 | | |
Nan Ya Plastics Corp. | | | | | 29,000 | | | | | | 80,542 | | |
Nanya Technology Corp. | | | | | 7,000 | | | | | | 13,320 | | |
Nien Made Enterprise Co., Ltd. | | | | | 1,000 | | | | | | 7,828 | | |
Novatek Microelectronics Corp. | | | | | 4,000 | | | | | | 19,782 | | |
Paiho Shih Holdings Corp. | | | | | 343,000 | | | | | | 589,772 | | |
Pegatron Corp. | | | | | 12,000 | | | | | | 24,013 | | |
Phison Electronics Corp. | | | | | 1,000 | | | | | | 7,959 | | |
Pou Chen Corp. | | | | | 14,000 | | | | | | 14,787 | | |
Powertech Technology, Inc. | | | | | 5,000 | | | | | | 13,641 | | |
President Chain Store Corp. | | | | | 3,000 | | | | | | 35,224 | | |
Quanta Computer, Inc. | | | | | 16,000 | | | | | | 27,878 | | |
Realtek Semiconductor Corp. | | | | | 3,000 | | | | | | 13,363 | | |
Ruentex Development Co., Ltd. | | | | | 7,000 | | | | | | 8,196 | | |
Ruentex Industries Ltd. | | | | | 5,000 | | | | | | 9,940 | | |
Shin Kong Financial Holding Co., Ltd. | | | | | 52,748 | | | | | | 20,644 | | |
Sinmag Equipment Corp. | | | | | 159,000 | | | | | | 721,236 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – (continued) | | ||||||||||||
SinoPac Financial Holdings Co., Ltd. | | | | | 65,280 | | | | | $ | 23,839 | | |
Standard Foods Corp. | | | | | 4,000 | | | | | | 6,655 | | |
Synnex Technology International Corp. | | | | | 10,000 | | | | | | 12,757 | | |
TaiMed Biologics, Inc.(a) | | | | | 1,000 | | | | | | 6,174 | | |
Taishin Financial Holding Co., Ltd. | | | | | 59,527 | | | | | | 28,756 | | |
Taiwan Business Bank | | | | | 29,120 | | | | | | 10,586 | | |
Taiwan Cement Corp. | | | | | 25,000 | | | | | | 33,652 | | |
Taiwan Cooperative Financial Holding Co., Ltd. | | | | | 52,530 | | | | | | 32,000 | | |
Taiwan High Speed Rail Corp. | | | | | 14,000 | | | | | | 13,710 | | |
Taiwan Mobile Co., Ltd. | | | | | 10,000 | | | | | | 35,863 | | |
Taiwan Semiconductor Manufacturing Co., Ltd. | | | | | 157,000 | | | | | | 1,349,769 | | |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | | | | | 54,700 | | | | | | 2,415,552 | | |
Teco Electric and Machinery Co., Ltd. | | | | | 14,000 | | | | | | 10,156 | | |
Tong Yang Industry Co., Ltd. | | | | | 446,000 | | | | | | 616,422 | | |
TOPBI International Holdings Ltd. | | | | | 78,390 | | | | | | 260,590 | | |
Uni-President Enterprises Corp. | | | | | 28,000 | | | | | | 73,088 | | |
United Microelectronics Corp. | | | | | 70,000 | | | | | | 37,025 | | |
Vanguard International Semiconductor Corp. | | | | | 6,000 | | | | | | 13,363 | | |
Walsin Technology Corp. | | | | | 2,000 | | | | | | 13,952 | | |
Win Semiconductors Corp. | | | | | 2,000 | | | | | | 8,810 | | |
Winbond Electronics Corp. | | | | | 20,000 | | | | | | 9,498 | | |
Wistron Corp. | | | | | 17,000 | | | | | | 11,080 | | |
WPG Holdings Ltd. | | | | | 11,000 | | | | | | 13,654 | | |
Yageo Corp. | | | | | 2,000 | | | | | | 30,066 | | |
Yuanta Financial Holding Co., Ltd. | | | | | 61,000 | | | | | | 32,165 | | |
Zhen Ding Technology Holding Ltd. | | | | | 3,000 | | | | | | 6,701 | | |
Total Taiwan | | | | | | | | | | | 9,239,052 | | |
THAILAND – 0.9% | | ||||||||||||
Advanced Info Service PCL | | | | | 5,600 | | | | | | 34,805 | | |
Airports of Thailand PCL | | | | | 22,900 | | | | | | 46,381 | | |
Bangkok Bank PCL | | | | | 1,300 | | | | | | 8,763 | | |
Bangkok Dusit Medical Services PCL | | | | | 20,700 | | | | | | 16,322 | | |
Bangkok Expressway & Metro PCL | | | | | 40,100 | | | | | | 10,788 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
THAILAND – (continued) | | ||||||||||||
Banpu PCL | | | | | 11,100 | | | | | $ | 6,556 | | |
Berli Jucker PCL | | | | | 6,400 | | | | | | 11,775 | | |
BTS Group Holdings PCL | | | | | 31,300 | | | | | | 9,001 | | |
Bumrungrad Hospital PCL | | | | | 1,900 | | | | | | 10,928 | | |
Central Pattana PCL | | | | | 7,200 | | | | | | 18,479 | | |
Charoen Pokphand Foods PCL | | | | | 16,100 | | | | | | 12,570 | | |
CP ALL PCL | | | | | 26,400 | | | | | | 56,326 | | |
Delta Electronics Thailand PCL | | | | | 2,700 | | | | | | 5,823 | | |
Energy Absolute PCL | | | | | 6,000 | | | | | | 8,952 | | |
Glow Energy PCL | | | | | 2,700 | | | | | | 7,347 | | |
Home Product Center PCL | | | | | 21,100 | | | | | | 10,309 | | |
Indorama Ventures PCL | | | | | 8,400 | | | | | | 15,325 | | |
IRPC PCL | | | | | 53,600 | | | | | | 11,270 | | |
Kasikornbank PCL | | | | | 110,800 | | | | | | 746,889 | | |
Kasikornbank PCL | | | | | 3,600 | | | | | | 24,044 | | |
Krung Thai Bank PCL | | | | | 18,700 | | | | | | 11,680 | | |
Minor International PCL | | | | | 12,100 | | | | | | 15,340 | | |
PTT Exploration & Production PCL | | | | | 7,400 | | | | | | 35,467 | | |
PTT Global Chemical PCL | | | | | 12,100 | | | | | | 30,400 | | |
PTT PCL | | | | | 71,200 | | | | | | 119,437 | | |
Robinson PCL | | | | | 2,700 | | | | | | 5,886 | | |
Sahamitr Pressure Container PCL | | | | | 1,632,400 | | | | | | 676,381 | | |
Siam Cement PCL (The) | | | | | 1,600 | | | | | | 23,253 | | |
Siam Cement PCL (The) | | | | | 600 | | | | | | 8,275 | | |
Siam Commercial Bank PCL (The) | | | | | 9,800 | | | | | | 45,151 | | |
Thai Oil PCL | | | | | 6,000 | | | | | | 16,419 | | |
Thai Union Group PCL | | | | | 10,200 | | | | | | 5,646 | | |
True Corp. PCL | | | | | 53,600 | | | | | | 10,027 | | |
Vanachai Group PCL | | | | | 2,591,300 | | | | | | 604,957 | | |
Total Thailand | | | | | | | | | | | 2,680,972 | | |
TURKEY – 0.3% | | ||||||||||||
Akbank Turk A/S | | | | | 11,776 | | | | | | 13,503 | | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S | | | | | 1,109 | | | | | | 3,874 | | |
Arcelik A/S | | | | | 1,266 | | | | | | 2,905 | | |
Aselsan Elektronik Sanayi Ve Ticaret A/S | | | | | 1,071 | | | | | | 4,894 | | |
BIM Birlesik Magazalar A/S | | | | | 1,138 | | | | | | 15,340 | | |
Coca-Cola Icecek A/S | | | | | 3,000 | | | | | | 16,782 | | |
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | | | | | 10,170 | | | | | | 3,016 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TURKEY – (continued) | | ||||||||||||
Eregli Demir ve Celik Fabrikalari TAS | | | | | 7,494 | | | | | $ | 13,696 | | |
Ford Otomotiv Sanayi A/S | | | | | 376 | | | | | | 4,099 | | |
Haci Omer Sabanci Holding A/S | | | | | 4,915 | | | | | | 6,214 | | |
KOC Holding A/S | | | | | 4,072 | | | | | | 11,511 | | |
Petkim Petrokimya Holding A/S | | | | | 19,800 | | | | | | 17,552 | | |
TAV Havalimanlari Holding A/S | | | | | 5,000 | | | | | | 25,915 | | |
Tofas Turk Otomobil Fabrikasi A/S | | | | | 4,000 | | | | | | 14,170 | | |
Tupras Turkiye Petrol Rafinerileri A/S | | | | | 670 | | | | | | 14,899 | | |
Turk Hava Yollari AO(a) | | | | | 2,955 | | | | | | 9,347 | | |
Turkcell Iletisim Hizmetleri A/S | | | | | 276,215 | | | | | | 528,164 | | |
Turkiye Garanti Bankasi A/S | | | | | 12,365 | | | | | | 15,797 | | |
Turkiye Halk Bankasi A/S | | | | | 3,346 | | | | | | 3,709 | | |
Turkiye Is Bankasi A/S | | | | | 8,431 | | | | | | 6,175 | | |
Turkiye Sise ve Cam Fabrikalari A/S | | | | | 18,000 | | | | | | 17,418 | | |
Turkiye Vakiflar Bankasi TAO | | | | | 4,015 | | | | | | 2,521 | | |
Ulker Biskuvi Sanayi A/S(a) | | | | | 6,000 | | | | | | 16,832 | | |
Yapi ve Kredi Bankasi A/S(a) | | | | | 48,579 | | | | | | 15,133 | | |
Total Turkey | | | | | | | | | | | 783,466 | | |
UNITED ARAB EMIRATES – 0.1% | | ||||||||||||
Abu Dhabi Commercial Bank PJSC | | | | | 11,130 | | | | | | 24,029 | | |
Aldar Properties PJSC | | | | | 16,835 | | | | | | 8,388 | | |
DAMAC Properties Dubai Co. PJSC | | | | | 9,715 | | | | | | 5,396 | | |
DP World Ltd. | | | | | 889 | | | | | | 16,980 | | |
Dubai Islamic Bank PJSC | | | | | 8,818 | | | | | | 12,940 | | |
Emaar Malls PJSC | | | | | 10,450 | | | | | | 5,206 | | |
Emaar Properties PJSC | | | | | 18,779 | | | | | | 25,308 | | |
Emirates Telecommunications Group Co. PJSC | | | | | 9,310 | | | | | | 42,330 | | |
First Abu Dhabi Bank PJSC | | | | | 7,583 | | | | | | 29,523 | | |
NMC Health PLC | | | | | 808 | | | | | | 35,744 | | |
Total United Arab Emirates | | | | | | | | | | | 205,844 | | |
UNITED STATES – 1.0% | | ||||||||||||
Altice USA, Inc., Class A | | | | | 1,207 | | | | | | 21,895 | | |
Bausch Health Cos., Inc.(a) | | | | | 2,100 | | | | | | 53,929 | | |
Carnival PLC | | | | | 1,237 | | | | | | 76,810 | | |
Nexteer Automotive Group Ltd. | | | | | 5,000 | | | | | | 7,920 | | |
Schlumberger Ltd. | | | | | 8,400 | | | | | | 511,728 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
UNITED STATES – (continued) | | ||||||||||||
Sensata Technologies Holding PLC(a) | | | | | 16,400 | | | | | $ | 812,620 | | |
Shire PLC | | | | | 25,550 | | | | | | 1,539,712 | | |
Total United States | | | | | | | | | | | 3,024,614 | | |
TOTAL COMMON STOCKS | | ||||||||||||
(Cost: $306,254,842) | | | | | | | | | | | 296,949,014 | | |
RIGHTS – 0.0%(b) | | | | ||||||||||
AUSTRALIA – 0.0%(b) | | ||||||||||||
Harvey Norman Holdings Ltd.(a) (Cost: $0) | | | | | 175 | | | | | | 101 | | |
PREFERRED STOCKS – 0.7% | | ||||||||||||
BRAZIL – 0.2% | | | | ||||||||||
Banco Bradesco S.A., 4.23% | | | | | 20,400 | | | | | | 144,821 | | |
Braskem S.A., 6.19%, Class A | | | | | 1,600 | | | | | | 23,153 | | |
Centrais Eletricas Brasileiras S.A., Class B(a) | | | | | 2,700 | | | | | | 12,449 | | |
Cia Brasileira de Distribuicao, 1.23% | | | | | 1,200 | | | | | | 26,002 | | |
Cia Energetica de Minas Gerais, 6.85% | | | | | 8,200 | | | | | | 14,538 | | |
Gerdau S.A., 1.01% | | | | | 7,600 | | | | | | 32,349 | | |
Itau Unibanco Holding S.A., 7.32% | | | | | 21,300 | | | | | | 232,749 | | |
Itausa – Investimentos Itau S.A., 6.710% | | | | | 28,470 | | | | | | 71,201 | | |
Lojas Americanas S.A., 0.45% | | | | | 5,800 | | | | | | 22,792 | | |
Petroleo Brasileiro S.A., 0.29% | | | | | 24,400 | | | | | | 127,421 | | |
Telefonica Brasil S.A., 5.45% | | | | | 3,100 | | | | | | 30,090 | | |
Total Brazil | | | | | | | | | | | 737,565 | | |
CHILE – 0.0%(b) | | ||||||||||||
Embotelladora Andina S.A., 3.50%, Class B | | | | | 1,393 | | | | | | 5,442 | | |
Sociedad Quimica y Minera de Chile S.A., 0.01%, Class B | | | | | 515 | | | | | | 23,564 | | |
Total Chile | | | | | | | | | | | 29,006 | | |
COLOMBIA – 0.0%(b) | | ||||||||||||
Bancolombia S.A., 2.76% | | | | | 3,060 | | | | | | 32,327 | | |
Grupo Aval Acciones y Valores S.A., 4.49% | | | | | 36,414 | | | | | | 14,318 | | |
Grupo de Inversiones Suramericana S.A., 1.46% | | | | | 1,128 | | | | | | 12,945 | | |
Total Colombia | | | | | | | | | | | 59,590 | | |
GERMANY – 0.4% | | ||||||||||||
Bayerische Motoren Werke AG, 5.89% | | | | | 454 | | | | | | 35,686 | | |
Investments | | | Shares | | | Value | | | |||||||||||
PREFERRED STOCKS – (continued) | | | |||||||||||||||||
GERMANY – (continued) | | | |||||||||||||||||
Fuchs Petrolub SE, 2.15% | | | | | 572 | | | | | $ | 31,957 | | | | |||||
Henkel AG & Co. KGaA, 1.64% | | | | | 1,119 | | | | | | 131,286 | | | | |||||
Porsche Automobil Holding SE, 3.23% | | | | | 1,045 | | | | | | 70,371 | | | | |||||
Sartorius AG, 0.40% | | | | | 283 | | | | | | 45,935 | | | | |||||
Schaeffler AG, 4.93% | | | | | 1,489 | | | | | | 19,034 | | | | |||||
Volkswagen AG, 2.78% | | | | | 4,706 | | | | | | 828,328 | | | | |||||
Total Germany | | | | | | | | | | | 1,162,597 | | | | |||||
SOUTH KOREA – 0.1% | | | | | |||||||||||||||
Amorepacific Corp., 0.94% | | | | | 51 | | | | | | 6,322 | | | | |||||
Hyundai Motor Co., 4.84% | | | | | 216 | | | | | | 16,493 | | | | |||||
Hyundai Motor Co. 2nd Preference, 5.17% | | | | | 137 | | | | | | 9,671 | | | | |||||
LG Chem Ltd., 2.97% | | | | | 44 | | | | | | 8,092 | | | | |||||
LG Household & Health Care Ltd., 1.13% | | | | | 12 | | | | | | 8,698 | | | | |||||
Samsung Electronics Co., Ltd, 3.00% | | | | | 5,633 | | | | | | 192,210 | | | | |||||
Total South Korea | | | | | | | | | | | 241,486 | | | | |||||
TOTAL PREFERRED STOCKS (Cost: $2,521,909) | | | | | 2,230,244 | | | | |||||||||||
WARRANTS – 0.0%(b) | | | |||||||||||||||||
CANADA – 0.0%(b) | | | | | |||||||||||||||
Australis Capital, Inc.(a) | | | | | 147 | | | | | | 268 | | | | |||||
THAILAND – 0.0%(b) | | | |||||||||||||||||
BTS Group Holdings PCL(a) | | | | | 3,478 | | | | | | 0 | | | | |||||
TOTAL WARRANTS (Cost: $607) | | | | | 268 | | | | |||||||||||
SHORT-TERM INVESTMENTS – 4.8% | | | |||||||||||||||||
State Street Institutional Treasury Money Market Fund – Investor Class Shares, 1.87%(c) (Cost: $14,992,428) | | | | | 14,992,428 | | | | | | 14,992,428 | | | | |||||
TOTAL INVESTMENTS – 99.8% (Cost: $323,769,786) | | | | | | | | | | | 314,172,055 | | | ||||||
OTHER ASSETS AND LIABILITIES, NET – 0.2% | | | | | | | | | | | 567,185 | | | | |||||
NET ASSETS – 100.0% | | | | | | | | | | $ | 314,739,240 | | | | |||||
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/Net Unrealized Appreciation (Depreciation) | | |||||||||||||||
CONTRACTS PURCHASED – 1.7% | | ||||||||||||||||||||||||||||||
MSCI EAFE Index | | | | | Long | | | | | | 1,700 | | | | | | 12/21/2018 | | | | | $ | 3,358,350 | | | | | $ | 33,116 | | |
MSCI Emerging Markets Index | | | | | Long | | | | | | 2,000 | | | | | | 12/21/2018 | | | | | | 2,099,400 | | | | | | 48,062 | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 81,178 | | |
|
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
PFM Multi-Manager International Equity Fund | | | | | | ||||||||||||||||||||
Assets: | | | | | | ||||||||||||||||||||
Investments in Securities: | | | | | | ||||||||||||||||||||
Common Stocks | | | | $ | 296,848,057 | | | | | $ | 100,957 | | | | | $ | — | | | | | $ | 296,949,014 | | |
Rights | | | | | 101 | | | | | | — | | | | | | — | | | | | | 101 | | |
Preferred Stocks | | | | | 2,230,244 | | | | | | — | | | | | | — | | | | | | 2,230,244 | | |
Warrants | | | | | 268 | | | | | | 0 | | | | | | — | | | | | | 268 | | |
Money Market Funds | | | | | 14,992,428 | | | | | | — | | | | | | — | | | | | | 14,992,428 | | |
Total Investments in Securities | | | | $ | 314,071,098 | | | | | $ | 100,957 | | | | | $ | — | | | | | $ | 314,172,055 | | |
Other Financial Instruments: | | | | | | ||||||||||||||||||||
Futures Contracts(a) | | | | $ | 81,178 | | | | | $ | — | | | | | $ | — | | | | | $ | 81,178 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – 48.3% | | ||||||||||||
BASIC MATERIALS – 1.7% | | ||||||||||||
Alcoa Nederland Holding B.V., 6.13%, 5/15/28(a) | | | | $ | 200,000 | | | | | $ | 205,500 | | |
Aleris International, Inc., Secured Note, 10.75%, 7/15/23(a) | | | | | 125,000 | | | | | | 132,500 | | |
Alpha 3 B.V./Alpha US Bidco, Inc., 6.25%, 2/1/25(a) | | | | | 200,000 | | | | | | 199,060 | | |
Anglo American Capital PLC, 4.00%, 9/11/27(a) | | | | | 200,000 | | | | | | 184,245 | | |
Baffinland Iron Mines Corp./ Baffinland Iron Mines L.P., Senior Secured Note, 8.75%, 7/15/26(a) | | | | | 50,000 | | | | | | 50,250 | | |
Big River Steel LLC/BRS Finance Corp., Senior Secured Note, 7.25%, 9/1/25(a) | | | | | 100,000 | | | | | | 106,000 | | |
Blue Cube Spinco LLC, 10.00%, 10/15/25 | | | | | 111,000 | | | | | | 127,650 | | |
CF Industries, Inc., 5.38%, 3/15/44 | | | | | 100,000 | | | | | | 92,750 | | |
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. L.P., Senior Note, 3.30%, 5/1/23(a) | | | | | 160,000 | | | | | | 157,864 | | |
Cleveland-Cliffs, Inc., 5.75%, 3/1/25 | | | | | 100,000 | | | | | | 97,250 | | |
CNAC HK Finbridge Co., Ltd., 3.50%, 7/19/22(b) | | | | | 340,000 | | | | | | 328,940 | | |
Coeur Mining, Inc., 5.88%, 6/1/24 | | | | | 100,000 | | | | | | 95,250 | | |
Commercial Metals Co., 5.38%, 7/15/27 | | | | | 150,000 | | | | | | 141,000 | | |
Consolidated Energy Finance S.A., Senior Note, 6.50%, 5/15/26(a) | | | | | 200,000 | | | | | | 203,000 | | |
Domtar Corp., 6.75%, 2/15/44 | | | | | 358,000 | | | | | | 373,420 | | |
First Quantum Minerals Ltd., 6.50%, 3/1/24(a) | | | | | 200,000 | | | | | | 183,000 | | |
First Quantum Minerals Ltd., 6.88%, 3/1/26(a) | | | | | 200,000 | | | | | | 181,500 | | |
Freeport-McMoRan, Inc., 4.00%, 11/14/21 | | | | | 150,000 | | | | | | 148,687 | | |
Freeport-McMoRan, Inc., 5.45%, 3/15/43 | | | | | 125,000 | | | | | | 113,437 | | |
Freeport-McMoRan, Inc., 6.88%, 2/15/23 | | | | | 100,000 | | | | | | 106,500 | | |
Georgia-Pacific LLC, 5.40%, 11/1/20(a) | | | | | 517,000 | | | | | | 537,893 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
BASIC MATERIALS – (continued) | | ||||||||||||
Hecla Mining Co., 6.88%, 5/1/21 | | | | $ | 150,000 | | | | | $ | 150,375 | | |
Hexion, Inc., Secured Note, 13.75%, 2/1/22(a) | | | | | 150,000 | | | | | | 130,125 | | |
Hexion, Inc., Senior Secured Note, 10.38%, 2/1/22(a) | | | | | 50,000 | | | | | | 48,625 | | |
Hexion, Inc./Hexion Nova Scotia Finance ULC, Secured Note, 9.00%, 11/15/20 | | | | | 150,000 | | | | | | 123,375 | | |
Hi-Crush Partners L.P., 9.50%, 8/1/26 | | | | | 25,000 | | | | | | 23,250 | | |
Hudbay Minerals, Inc., 7.63%, 1/15/25(a) | | | | | 100,000 | | | | | | 103,250 | | |
International Flavors & Fragrances, Inc., 5.00%, 9/26/48 | | | | | 476,000 | | | | | | 476,017 | | |
International Paper Co., Senior Bond, 4.35%, 8/15/48 | | | | | 500,000 | | | | | | 455,340 | | |
Inversiones CMPC S.A., 4.38%, 4/4/27(a) | | | | | 500,000 | | | | | | 487,857 | | |
Mercer International, Inc., Senior Note, 6.50%, 2/1/24 | | | | | 100,000 | | | | | | 102,869 | | |
Mosaic Co. (The), Senior Note, 4.05%, 11/15/27 | | | | | 14,000 | | | | | | 13,538 | | |
NOVA Chemicals Corp., Senior Note, 5.25%, 6/1/27(a) | | | | | 100,000 | | | | | | 93,125 | | |
Platform Specialty Products Corp., 5.88%, 12/1/25(a) | | | | | 100,000 | | | | | | 98,677 | | |
RPM International, Inc., Senior Bond, 4.25%, 1/15/48 | | | | | 36,000 | | | | | | 31,518 | | |
Schweitzer-Mauduit International, Inc., 6.88%, 10/1/26 | | | | | 50,000 | | | | | | 51,000 | | |
Sherwin-Williams Co. (The), Senior Note, 2.25%, 5/15/20 | | | | | 93,000 | | | | | | 91,634 | | |
Southern Copper Corp., Senior Bond, 5.25%, 11/8/42 | | | | | 100,000 | | | | | | 100,981 | | |
Steel Dynamics, Inc., 5.13%, 10/1/21 | | | | | 25,000 | | | | | | 25,275 | | |
Steel Dynamics, Inc., 5.50%, 10/1/24 | | | | | 100,000 | | | | | | 102,325 | | |
Syngenta Finance N.V., 4.44%, 4/24/23(a) | | | | | 200,000 | | | | | | 198,746 | | |
Taseko Mines Ltd., Senior Secured Note, 8.75%, 6/15/22(a) | | | | | 100,000 | | | | | | 101,625 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
BASIC MATERIALS – (continued) | | ||||||||||||
Teck Resources Ltd., 4.75%, 1/15/22 | | | | $ | 150,000 | | | | | $ | 152,932 | | |
Teck Resources Ltd., 8.50%, 6/1/24(a) | | | | | 175,000 | | | | | | 191,319 | | |
Teck Resources Ltd., Senior Bond, 6.13%, 10/1/35 | | | | | 250,000 | | | | | | 263,125 | | |
TPC Group, Inc., Senior Secured Note, 8.75%, 12/15/20(a) | | | | | 210,000 | | | | | | 209,475 | | |
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.38%, 9/1/25(a) | | | | | 100,000 | | | | | | 96,405 | | |
Tronox Finance PLC, 5.75%, 10/1/25(a) | | | | | 100,000 | | | | | | 92,750 | | |
United States Steel Corp., Senior Note, 6.88%, 8/15/25 | | | | | 100,000 | | | | | | 102,125 | | |
Valvoline, Inc., 5.50%, 7/15/24 | | | | | 150,000 | | | | | | 150,375 | | |
Venator Finance Sarl/Venator Materials LLC, 5.75%, 7/15/25(a) | | | | | 250,000 | | | | | | 226,875 | | |
Versum Materials, Inc., 5.50%, 9/30/24(a) | | | | | 150,000 | | | | | | 153,375 | | |
Total Basic Materials | | | | | | | | | | | 8,413,979 | | |
COMMUNICATIONS – 4.1% | | ||||||||||||
21st Century Fox America, Inc., 6.15%, 3/1/37 | | | | | 100,000 | | | | | | 124,698 | | |
Altice France S.A., Senior Secured Note, 7.38%, 5/1/26(a) | | | | | 200,000 | | | | | | 200,210 | | |
Altice Luxembourg S.A., 7.75%, 5/15/22(a) | | | | | 400,000 | | | | | | 389,300 | | |
AMC Networks, Inc., 5.00%, 4/1/24 | | | | | 100,000 | | | | | | 98,500 | | |
AT&T, Inc., 3.51%, 6/12/24 | | | | | 270,000 | | | | | | 271,215 | | |
AT&T, Inc., Senior Bond, 4.35%, 6/15/45 | | | | | 251,000 | | | | | | 215,906 | | |
AT&T, Inc., Senior Bond, 4.50%, 5/15/35 | | | | | 201,000 | | | | | | 187,562 | | |
AT&T, Inc., Senior Bond, 4.50%, 3/9/48 | | | | | 265,000 | | | | | | 230,855 | | |
AT&T, Inc., Senior Bond, 4.90%, 8/15/37(a) | | | | | 368,000 | | | | | | 351,427 | | |
Cablevision Systems Corp., Senior Note, 8.00%, 4/15/20 | | | | | 250,000 | | | | | | 263,437 | | |
CBS Corp., 2.50%, 2/15/23 | | | | | 300,000 | | | | | | 282,620 | | |
CBS Corp., 3.70%, 8/15/24 | | | | | 217,000 | | | | | | 210,928 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.00%, 2/1/28(a) | | | | $ | 100,000 | | | | | $ | 93,990 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.13%, 2/15/23 | | | | | 100,000 | | | | | | 100,375 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.13%, 5/1/23(a) | | | | | 575,000 | | | | | | 577,329 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.75%, 9/1/23 | | | | | 200,000 | | | | | | 203,248 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.75%, 2/15/26(a) | | | | | 250,000 | | | | | | 250,937 | | |
CenturyLink, Inc., Senior Bond, Series P, 7.60%, 9/15/39 | | | | | 75,000 | | | | | | 66,938 | | |
CenturyLink, Inc., Senior Note, Series T, 5.80%, 3/15/22 | | | | | 25,000 | | | | | | 25,438 | | |
CenturyLink, Inc., Senior Note, Series W, 6.75%, 12/1/23 | | | | | 150,000 | | | | | | 155,812 | | |
CenturyLink, Inc., Series S, 6.45%, 6/15/21 | | | | | 150,000 | | | | | | 155,625 | | |
Cequel Communications Holdings I LLC/Cequel Capital Corp., Senior Note, 5.13%, 12/15/21(a) | | | | | 250,000 | | | | | | 250,680 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.38%, 4/1/38 | | | | | 41,000 | | | | | | 39,686 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.38%, 5/1/47 | | | | | 480,000 | | | | | | 457,569 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.75%, 4/1/48 | | | | | 134,000 | | | | | | 133,917 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 6.38%, 10/23/35 | | | | | 118,000 | | | | | | 127,104 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Note, 4.46%, 7/23/22 | | | | $ | 500,000 | | | | | $ | 508,284 | | |
Cisco Systems, Inc., Senior Note, 2.20%, 2/28/21 | | | | | 794,000 | | | | | | 777,477 | | |
Clear Channel Worldwide Holdings, Inc., Senior Note, Series B, 6.50%, 11/15/22 | | | | | 375,000 | | | | | | 382,639 | | |
Comcast Corp., 3.60%, 3/1/24 | | | | | 317,000 | | | | | | 314,263 | | |
Comcast Corp., 3.90%, 3/1/38 | | | | | 93,000 | | | | | | 85,050 | | |
CommScope Technologies LLC, 6.00%, 6/15/25(a) | | | | | 150,000 | | | | | | 154,800 | | |
Cox Communications, Inc., Senior Bond, 4.60%, 8/15/47(a) | | | | | 150,000 | | | | | | 139,975 | | |
Digicel Group Ltd., Senior Note, 8.25%, 9/30/20(a) | | | | | 200,000 | | | | | | 152,500 | | |
Digicel Ltd., 6.75%, 3/1/23(a) | | | | | 200,000 | | | | | | 166,750 | | |
Discovery Communications LLC, 3.50%, 6/15/22 | | | | | 210,000 | | | | | | 206,630 | | |
Discovery Communications LLC, 3.90%, 11/15/24 | | | | | 215,000 | | | | | | 210,492 | | |
Discovery Communications LLC, 5.00%, 9/20/37 | | | | | 858,000 | | | | | | 834,624 | | |
DISH DBS Corp., 5.00%, 3/15/23 | | | | | 125,000 | | | | | | 113,429 | | |
DISH DBS Corp., 5.13%, 5/1/20 | | | | | 100,000 | | | | | | 100,875 | | |
DISH DBS Corp., 5.88%, 11/15/24 | | | | | 25,000 | | | | | | 22,469 | | |
DISH DBS Corp., 7.75%, 7/1/26 | | | | | 150,000 | | | | | | 142,125 | | |
Frontier Communications Corp., Senior Note, 10.50%, 9/15/22 | | | | | 325,000 | | | | | | 288,233 | | |
Frontier Communications Corp., Senior Note, 11.00%, 9/15/25 | | | | | 150,000 | | | | | | 116,956 | | |
Gray Television, Inc., 5.13%, 10/15/24(a) | | | | | 100,000 | | | | | | 96,625 | | |
Gray Television, Inc., 5.88%, 7/15/26(a) | | | | | 122,000 | | | | | | 120,932 | | |
Hughes Satellite Systems Corp., 6.63%, 8/1/26 | | | | | 150,000 | | | | | | 145,125 | | |
Intelsat Jackson Holdings S.A., 9.75%, 7/15/25(a) | | | | | 250,000 | | | | | | 264,687 | | |
Interpublic Group of Cos., Inc. (The), 4.65%, 10/1/28 | | | | | 117,000 | | | | | | 117,110 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
Level 3 Financing, Inc., 5.38%, 1/15/24 | | | | $ | 150,000 | | | | | $ | 150,261 | | |
Level 3 Financing, Inc., 5.63%, 2/1/23 | | | | | 150,000 | | | | | | 151,702 | | |
Level 3 Parent LLC, Senior Note, 5.75%, 12/1/22 | | | | | 162,000 | | | | | | 163,855 | | |
Match Group, Inc., 6.38%, 6/1/24 | | | | | 100,000 | | | | | | 105,487 | | |
Midcontinent Communications/ Midcontinent Finance Corp., 6.88%, 8/15/23(a) | | | | | 150,000 | | | | | | 156,982 | | |
Netflix, Inc., Senior Note, 4.88%, 4/15/28(a) | | | | | 75,000 | | | | | | 70,500 | | |
Netflix, Inc., Senior Note, 5.38%, 2/1/21 | | | | | 100,000 | | | | | | 102,700 | | |
Netflix, Inc., Senior Note, 5.88%, 2/15/25 | | | | | 125,000 | | | | | | 129,219 | | |
Nexstar Broadcasting, Inc., 6.13%, 2/15/22(a) | | | | | 155,000 | | | | | | 157,519 | | |
Quebecor Media, Inc., Senior Note, 5.75%, 1/15/23 | | | | | 100,000 | | | | | | 102,875 | | |
Radiate Holdco LLC/Radiate Finance, Inc., Senior Note, 6.63%, 2/15/25(a) | | | | | 150,000 | | | | | | 140,250 | | |
Sinclair Television Group, Inc., 5.88%, 3/15/26(a) | | | | | 150,000 | | | | | | 146,265 | | |
Sirius XM Radio, Inc., 3.88%, 8/1/22(a) | | | | | 50,000 | | | | | | 49,216 | | |
Sirius XM Radio, Inc., 5.00%, 8/1/27(a) | | | | | 100,000 | | | | | | 96,221 | | |
Sprint Capital Corp., 8.75%, 3/15/32 | | | | | 500,000 | | | | | | 562,345 | | |
Sprint Communications, Inc., 9.00%, 11/15/18(a) | | | | | 250,000 | | | | | | 251,550 | | |
Sprint Corp., 7.88%, 9/15/23 | | | | | 150,000 | | | | | | 161,604 | | |
Sprint Spectrum Co. LLC/ Sprint Spectrum Co. II LLC/ Sprint Spectrum Co. III LLC, Senior Secured Note, 3.36%, 3/20/23(a) | | | | | 900,000 | | | | | | 896,625 | | |
T-Mobile USA, Inc., 4.50%, 2/1/26 | | | | | 100,000 | | | | | | 95,325 | | |
T-Mobile USA, Inc., 6.50%, 1/15/26 | | | | | 200,000 | | | | | | 209,540 | | |
Telefonica Emisiones SAU, 4.67%, 3/6/38 | | | | | 270,000 | | | | | | 253,345 | | |
Telefonica Emisiones SAU, 5.21%, 3/8/47 | | | | | 270,000 | | | | | | 261,899 | | |
Time Warner, Inc., 4.85%, 7/15/45 | | | | | 161,000 | | | | | | 149,936 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
Univision Communications, Inc., Senior Secured Note, 6.75%, 9/15/22(a) | | | | $ | 100,000 | | | | | $ | 102,250 | | |
UPCB Finance IV Ltd., Senior Secured Note, 5.38%, 1/15/25(a) | | | | | 200,000 | | | | | | 199,752 | | |
Verizon Communications, Inc., 4.86%, 8/21/46 | | | | | 400,000 | | | | | | 400,067 | | |
Verizon Communications, Inc., Senior Bond, 4.27%, 1/15/36 | | | | | 500,000 | | | | | | 475,951 | | |
Verizon Communications, Inc., Senior Bond, 4.40%, 11/1/34 | | | | | 106,000 | | | | | | 103,250 | | |
Verizon Communications, Inc., Senior Bond, 5.25%, 3/16/37 | | | | | 782,000 | | | | | | 832,754 | | |
Verizon Communications, Inc., Senior Note, 3.41%, 5/15/25 (1.10% + 3 month USD LIBOR)(c) | | | | | 1,000,000 | | | | | | 1,008,674 | | |
Viacom, Inc., 4.25%, 9/1/23 | | | | | 250,000 | | | | | | 251,849 | | |
Viacom, Inc., Senior Bond, 5.85%, 9/1/43 | | | | | 125,000 | | | | | | 132,044 | | |
Virgin Media Finance PLC, 5.75%, 1/15/25(a) | | | | | 200,000 | | | | | | 197,774 | | |
Windstream Services LLC/ Windstream Finance Corp., 8.63%, 10/31/25 | | | | | 75,000 | | | | | | 72,000 | | |
Zayo Group LLC/Zayo Capital, Inc., 5.75%, 1/15/27(a) | | | | | 150,000 | | | | | | 150,300 | | |
Zayo Group LLC/Zayo Capital, Inc., 6.00%, 4/1/23 | | | | | 350,000 | | | | | | 360,500 | | |
Ziggo Bond Finance B.V., Senior Note, 6.00%, 1/15/27(a) | | | | | 200,000 | | | | | | 182,250 | | |
Total Communications | | | | | | | | | | | 19,961,992 | | |
CONSUMER, CYCLICAL – 4.4% | | ||||||||||||
1011778 BC ULC/New Red Finance, Inc., Secured Note, 5.00%, 10/15/25(a) | | | | | 250,000 | | | | | | 239,377 | | |
Air Canada, 7.75%, 4/15/21(a) | | | | | 150,000 | | | | | | 162,750 | | |
Algeco Global Finance 2 PLC, 10.00%, 8/15/23(a) | | | | | 200,000 | | | | | | 205,000 | | |
AMC Entertainment Holdings, Inc., 6.13%, 5/15/27 | | | | | 100,000 | | | | | | 95,825 | | |
American Airlines Group, Inc., 4.63%, 3/1/20(a) | | | | | 150,000 | | | | | | 150,375 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
American Axle & Manufacturing, Inc., 6.25%, 4/1/25 | | | | $ | 150,000 | | | | | $ | 149,378 | | |
American Builders & Contractors Supply Co., Inc., 5.88%, 5/15/26(a) | | | | | 150,000 | | | | | | 150,375 | | |
Aramark Services, Inc., 5.00%, 2/1/28(a) | | | | | 100,000 | | | | | | 98,000 | | |
Aramark Services, Inc., 5.13%, 1/15/24 | | | | | 100,000 | | | | | | 101,075 | | |
Ashton Woods USA LLC/ Ashton Woods Finance Co., Senior Note, 6.75%, 8/1/25(a) | | | | | 150,000 | | | | | | 139,875 | | |
AutoNation, Inc., 3.50%, 11/15/24(d) | | | | | 179,000 | | | | | | 169,555 | | |
Beacon Roofing Supply, Inc., 4.88%, 11/1/25(a) | | | | | 100,000 | | | | | | 92,125 | | |
Beacon Roofing Supply, Inc., 6.38%, 10/1/23 | | | | | 100,000 | | | | | | 103,500 | | |
Beazer Homes USA, Inc., 6.75%, 3/15/25 | | | | | 150,000 | | | | | | 138,908 | | |
Beazer Homes USA, Inc., 7.25%, 2/1/23 | | | | | 65,000 | | | | | | 64,025 | | |
BMW US Capital LLC, 3.10%, 4/12/21(a) | | | | | 477,000 | | | | | | 473,859 | | |
Boyd Gaming Corp., 6.00%, 8/15/26 | | | | | 150,000 | | | | | | 151,125 | | |
Boyd Gaming Corp., 6.38%, 4/1/26 | | | | | 250,000 | | | | | | 257,375 | | |
Boyd Gaming Corp., 6.88%, 5/15/23 | | | | | 350,000 | | | | | | 367,675 | | |
Caesars Resort Collection LLC/ CRC Finco, Inc., 5.25%, 10/15/25(a) | | | | | 325,000 | | | | | | 309,562 | | |
Carvana Co., 8.88%, 10/1/23 | | | | | 50,000 | | | | | | 50,250 | | |
Cedar Fair L.P./Canada’s Wonderland Co./Magnum Management Corp., 5.38%, 6/1/24 | | | | | 207,000 | | | | | | 205,965 | | |
Century Communities, Inc., 6.88%, 5/15/22 | | | | | 200,000 | | | | | | 204,500 | | |
Cinemark USA, Inc., 5.13%, 12/15/22 | | | | | 225,000 | | | | | | 226,125 | | |
Constellation Merger Sub, Inc., Senior Note, 8.50%, 9/15/25(a) | | | | | 100,000 | | | | | | 94,750 | | |
Cumberland Farms, Inc., Senior Note, 6.75%, 5/1/25(a) | | | | | 125,000 | | | | | | 128,125 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Daimler Finance North America LLC, 2.00%, 7/6/21(a) | | | | $ | 1,120,000 | | | | | $ | 1,075,138 | | |
Daimler Finance North America LLC, 2.45%, 5/18/20(a) | | | | | 190,000 | | | | | | 187,474 | | |
Daimler Finance North America LLC, 3.10%, 5/4/20(a) | | | | | 240,000 | | | | | | 239,269 | | |
Dana Financing Luxembourg Sarl, 6.50%, 6/1/26(a) | | | | | 150,000 | | | | | | 152,858 | | |
Dana, Inc., Senior Note, 6.00%, 9/15/23 | | | | | 250,000 | | | | | | 257,187 | | |
Delta Air Lines 2015-1 Class A Pass Through Trust, Pass Through Certificates, Series 15-1, 3.88%, 1/30/29 | | | | | 435,313 | | | | | | 429,142 | | |
Delta Merger Sub, Inc., 6.00%, 9/15/26 | | | | | 50,000 | | | | | | 50,625 | | |
Eagle Intermediate Global Holding BV/Ruyi US Finance LLC, Senior Secured Note, 7.50%, 5/1/25(a) | | | | | 150,000 | | | | | | 147,000 | | |
Eldorado Resorts, Inc., 7.00%, 8/1/23 | | | | | 225,000 | | | | | | 236,812 | | |
Enterprise Development Authority (The), 8.75%, 10/15/26 | | | | | 250,000 | | | | | | 250,000 | | |
Enterprise Development Authority (The), 12.00%, 7/15/24 | | | | | 50,000 | | | | | | 48,125 | | |
Ferrellgas L.P./Ferrellgas Finance Corp., 6.75%, 6/15/23 | | | | | 50,000 | | | | | | 41,750 | | |
Ford Motor Co., Senior Bond, 4.75%, 1/15/43 | | | | | 750,000 | | | | | | 624,968 | | |
Ford Motor Credit Co. LLC, 3.34%, 3/18/21 | | | | | 490,000 | | | | | | 483,041 | | |
General Motors Co., 5.00%, 10/1/28 | | | | | 483,000 | | | | | | 476,764 | | |
General Motors Co., Senior Bond, 6.25%, 10/2/43 | | | | | 250,000 | | | | | | 256,040 | | |
General Motors Financial Co., Inc., Series B, 6.50%, 9/30/28 (6.50% fixed rate until 9/30/28; 3.44% + 3 month USD LIBOR thereafter) | | | | | 50,000 | | | | | | 49,063 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
GLP Capital L.P./GLP Financing II, Inc., 5.38%, 11/1/23 | | | | $ | 100,000 | | | | | $ | 103,600 | | |
GLP Capital L.P./GLP Financing II, Inc., 5.38%, 4/15/26 | | | | | 150,000 | | | | | | 152,327 | | |
Golden Nugget, Inc., 8.75%, 10/1/25(a) | | | | | 350,000 | | | | | | 366,898 | | |
Group 1 Automotive, Inc., 5.00%, 6/1/22 | | | | | 100,000 | | | | | | 99,500 | | |
HD Supply, Inc., 5.75%, 4/15/24 | | | | | 200,000 | | | | | | 210,250 | | |
Hilton Domestic Operating Co., Inc., 5.13%, 5/1/26(a) | | | | | 175,000 | | | | | | 173,906 | | |
IRB Holding Corp., 6.75%, 2/15/26(a) | | | | | 125,000 | | | | | | 122,500 | | |
Jacobs Entertainment, Inc., 7.88%, 2/1/24 | | | | | 150,000 | | | | | | 159,211 | | |
JC Penney Corp., Inc., Secured Note, 8.63%, 3/15/25(a) | | | | | 25,000 | | | | | | 16,750 | | |
KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.00%, 6/1/24 | | | | | 75,000 | | | | | | 74,391 | | |
L Brands, Inc., 5.25%, 2/1/28 | | | | | 50,000 | | | | | | 43,015 | | |
L Brands, Inc., 5.63%, 10/15/23 | | | | | 150,000 | | | | | | 149,625 | | |
Lennar Corp., 5.88%, 11/15/24 | | | | | 150,000 | | | | | | 156,187 | | |
Live Nation Entertainment, Inc., 5.63%, 3/15/26(a) | | | | | 150,000 | | | | | | 151,500 | | |
LTF Merger Sub, Inc., 8.50%, 6/15/23(a) | | | | | 422,000 | | | | | | 439,407 | | |
Meritage Homes Corp., 7.00%, 4/1/22 | | | | | 200,000 | | | | | | 215,000 | | |
MGM Resorts International, 5.75%, 6/15/25 | | | | | 175,000 | | | | | | 175,350 | | |
MGM Resorts International, 6.63%, 12/15/21 | | | | | 250,000 | | | | | | 264,875 | | |
MGM Resorts International, 8.63%, 2/1/19 | | | | | 190,000 | | | | | | 192,850 | | |
Mohegan Gaming & Entertainment, 7.88%, 10/15/24(a) | | | | | 150,000 | | | | | | 147,000 | | |
Navistar International Corp., Senior Note, 6.63%, 11/1/25(a) | | | | | 250,000 | | | | | | 260,000 | | |
NCL Corp. Ltd., Senior Note, 4.75%, 12/15/21(a) | | | | | 125,000 | | | | | | 126,094 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Neiman Marcus Group Ltd. LLC, 8.00%, 10/15/21(a) | | | | $ | 50,000 | | | | | $ | 32,844 | | |
Nissan Motor Acceptance Corp., Senior Note, 2.15%, 9/28/20(a) | | | | | 383,000 | | | | | | 373,407 | | |
Nissan Motor Acceptance Corp., Senior Note, 2.65%, 7/13/22(a) | | | | | 345,000 | | | | | | 331,071 | | |
Party City Holdings, Inc., 6.63%, 8/1/26 | | | | | 25,000 | | | | | | 25,313 | | |
Penske Automotive Group, Inc., 3.75%, 8/15/20 | | | | | 100,000 | | | | | | 99,500 | | |
PriSo Acquisition Corp., 9.00%, 5/15/23 | | | | | 150,000 | | | | | | 155,063 | | |
QVC, Inc., 4.85%, 4/1/24 | | | | | 476,000 | | | | | | 470,952 | | |
RIMON LLC US GOVT GUAR 06/26 2.623, 2.62%, 6/25/26 | | | | | 476,587 | | | | | | 465,329 | | |
Scientific Games International, Inc., 10.00%, 12/1/22 | | | | | 650,000 | | | | | | 688,720 | | |
Scotts Miracle-Gro Co. (The), 6.00%, 10/15/23 | | | | | 200,000 | | | | | | 205,500 | | |
Shea Homes L.P./Shea Homes Funding Corp., 6.13%, 4/1/25(a) | | | | | 195,000 | | | | | | 190,369 | | |
Sonic Automotive, Inc., 5.00%, 5/15/23 | | | | | 150,000 | | | | | | 141,375 | | |
Spirit Airlines Pass Through Trust 2017-1A, Series A, 3.65%, 8/15/31 | | | | | 898,778 | | | | | | 856,464 | | |
Starbucks Corp., Senior Note, 2.45%, 6/15/26 | | | | | 500,000 | | | | | | 450,059 | | |
Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 7/15/26 | | | | | 100,000 | | | | | | 103,169 | | |
Superior Plus LP/Superior General Partner Inc, Senior Note, 7.00%, 7/15/26 | | | | | 25,000 | | | | | | 25,250 | | |
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.63%, 3/1/24(a) | | | | | 150,000 | | | | | | 147,750 | | |
Tenneco, Inc., 5.38%, 12/15/24 | | | | | 125,000 | | | | | | 117,344 | | |
Tesla, Inc., 5.30%, 8/15/25(a) | | | | | 50,000 | | | | | | 42,125 | | |
Titan International, Inc., 6.50%, 11/30/23 | | | | | 150,000 | | | | | | 145,031 | | |
Toyota Industries Corp., Senior Note, 3.24%, 3/16/23(a) | | | | | 540,000 | | | | | | 531,350 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Toyota Motor Credit Corp., Senior Note, 2.95%, 4/13/21 | | | | $ | 755,000 | | | | | $ | 751,336 | | |
TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 5.88%, 6/15/24 | | | | | 150,000 | | | | | | 148,875 | | |
Viking Cruises Ltd., 5.88%, 9/15/27(a) | | | | | 100,000 | | | | | | 97,580 | | |
Viking Cruises Ltd., Senior Note, 6.25%, 5/15/25(a) | | | | | 150,000 | | | | | | 150,000 | | |
Walmart, Inc., Senior Note, 1.90%, 12/15/20 | | | | | 465,000 | | | | | | 455,082 | | |
Walmart, Inc., Senior Note, 3.70%, 6/26/28 | | | | | 315,000 | | | | | | 315,203 | | |
William Lyon Homes, Inc., 5.88%, 1/31/25 | | | | | 100,000 | | | | | | 92,875 | | |
Williams Scotsman International, Inc., 6.88%, 8/15/23 | | | | | 200,000 | | | | | | 198,500 | | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(a) | | | | | 100,000 | | | | | | 92,875 | | |
Wynn Macau Ltd., Senior Note, 5.50%, 10/1/27(a) | | | | | 200,000 | | | | | | 187,250 | | |
Total Consumer, Cyclical | | | | | | | | | | | 21,422,507 | | |
CONSUMER, NON-CYCLICAL – 5.5% | | ||||||||||||
Abbott Laboratories, Senior Bond, 4.90%, 11/30/46 | | | | | 300,000 | | | | | | 325,371 | | |
AbbVie, Inc., 4.88%, 11/14/48 | | | | | 171,000 | | | | | | 168,265 | | |
AbbVie, Inc., Senior Bond, 4.50%, 5/14/35 | | | | | 200,000 | | | | | | 191,882 | | |
ADT Corp. (The), Senior Secured Note, 5.25%, 3/15/20 | | | | | 150,000 | | | | | | 152,250 | | |
Ahern Rentals, Inc., Secured Note, 7.38%, 5/15/23(a) | | | | | 100,000 | | | | | | 98,500 | | |
Albertsons Cos. LLC/ Safeway, Inc./New Albertsons L.P./Albertson’s LLC, 6.63%, 6/15/24 | | | | | 100,000 | | | | | | 96,125 | | |
Allergan Finance LLC, 3.25%, 10/1/22 | | | | | 171,000 | | | | | | 167,860 | | |
Allergan Funding SCS, 4.55%, 3/15/35 | | | | | 380,000 | | | | | | 368,974 | | |
AmerisourceBergen Corp., Senior Bond, 4.30%, 12/15/47 | | | | | 100,000 | | | | | | 90,441 | | |
Anheuser-Busch InBev Finance, Inc., 2.65%, 2/1/21 | | | | | 437,000 | | | | | | 430,733 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Anheuser-Busch InBev Finance, Inc., 3.65%, 2/1/26 | | | | $ | 218,000 | | | | | $ | 211,536 | | |
Anheuser-Busch InBev Finance, Inc., 4.70%, 2/1/36 | | | | | 232,000 | | | | | | 232,034 | | |
Anheuser-Busch InBev Finance, Inc., 4.90%, 2/1/46 | | | | | 460,000 | | | | | | 460,985 | | |
Anheuser-Busch InBev Worldwide, Inc., 4.38%, 4/15/38 | | | | | 110,000 | | | | | | 105,721 | | |
Anheuser-Busch InBev Worldwide, Inc., 4.60%, 4/15/48 | | | | | 171,000 | | | | | | 165,374 | | |
Ashtead Capital, Inc., Secured Note, 5.63%, 10/1/24(a) | | | | | 200,000 | | | | | | 207,250 | | |
Avantor, Inc., Senior Note, 9.00%, 10/1/25(a) | | | | | 150,000 | | | | | | 154,687 | | |
B&G Foods, Inc., 5.25%, 4/1/25 | | | | | 50,000 | | | | | | 47,866 | | |
BAT Capital Corp., 3.56%, 8/15/27(a) | | | | | 500,000 | | | | | | 465,365 | | |
Bausch Health Cos Inc., 6.13%, 4/15/25(a) | | | | | 350,000 | | | | | | 332,867 | | |
Bausch Health Cos Inc., 9.00%, 12/15/25(a) | | | | | 525,000 | | | | | | 565,052 | | |
Bausch Health Cos Inc., Senior Note, 8.50%, 1/31/27(a) | | | | | 75,000 | | | | | | 78,750 | | |
Bausch Health Cos Inc., 5.88%, 5/15/23(a) | | | | | 100,000 | | | | | | 97,075 | | |
Bausch Health Cos Inc., 7.50%, 7/15/21(a) | | | | | 225,000 | | | | | | 229,219 | | |
Bayer US Finance II LLC, 3.50%, 6/25/21(a) | | | | | 200,000 | | | | | | 199,522 | | |
Bayer US Finance II LLC, 4.63%, 6/25/38 | | | | | 493,000 | | | | | | 471,413 | | |
Baylor Scott & White Holdings, 4.19%, 11/15/45 | | | | | 100,000 | | | | | | 98,219 | | |
Board of Trustees of The Leland Stanford Junior University (The), 3.46%, 5/1/47 | | | | | 90,000 | | | | | | 84,614 | | |
Bristol-Myers Squibb Co., Senior Bond, 3.25%, 8/1/42 | | | | | 1,000,000 | | | | | | 857,387 | | |
Cardinal Health, Inc., Senior Bond, 4.37%, 6/15/47 | | | | | 150,000 | | | | | | 134,391 | | |
Celgene Corp., Senior Bond, 4.55%, 2/20/48 | | | | | 186,000 | | | | | | 172,805 | | |
Celgene Corp., Senior Note, 3.63%, 5/15/24 | | | | | 212,000 | | | | | | 209,001 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Celgene Corp., Senior Note, 3.90%, 2/20/28 | | | | $ | 400,000 | | | | | $ | 384,776 | | |
Centene Corp., 6.13%, 2/15/24 | | | | | 250,000 | | | | | | 263,125 | | |
Centene Escrow I Corp., Senior Note, 5.38%, 6/1/26(a) | | | | | 150,000 | | | | | | 153,750 | | |
Central Garden & Pet Co., 6.13%, 11/15/23 | | | | | 190,000 | | | | | | 195,937 | | |
CHS/Community Health Systems, Inc., 6.88%, 2/1/22 | | | | | 100,000 | | | | | | 56,030 | | |
CHS/Community Health Systems, Inc., 8.13%, 6/30/24 | | | | | 75,000 | | | | | | 62,625 | | |
Community Health Systems, Inc., Senior Secured Note, 8.63%, 1/15/24 | | | | | 50,000 | | | | | | 51,813 | | |
CVS Health Corp., Senior Bond, 4.78%, 3/25/38 | | | | | 278,000 | | | | | | 275,835 | | |
CVS Health Corp., Senior Bond, 5.05%, 3/25/48 | | | | | 561,000 | | | | | | 573,143 | | |
DaVita, Inc., 5.13%, 7/15/24 | | | | | 150,000 | | | | | | 144,750 | | |
Duke University Health System, Inc., Senior Bond, Series 2017, 3.92%, 6/1/47 | | | | | 70,000 | | | | | | 67,426 | | |
Eagle Holding Co. II LLC, Senior Note, PIK (7.625% Cash or 8.375% PIK), 7.63%, 5/15/22(a)(e) | | | | | 100,000 | | | | | | 101,250 | | |
Ecolab, Inc., Senior Note, 2.38%, 8/10/22 | | | | | 281,000 | | | | | | 269,328 | | |
Elanco Animal Health, Inc., 4.27%, 8/28/23 | | | | | 25,000 | | | | | | 25,068 | | |
Encompass Health Corp., 5.75%, 11/1/24 | | | | | 150,000 | | | | | | 152,049 | | |
Endo Dac/Endo Finance LLC/ Endo Finco, Inc., 6.00%, 7/15/23(a) | | | | | 300,000 | | | | | | 266,250 | | |
Endo Finance LLC, 5.75%, 1/15/22(a) | | | | | 150,000 | | | | | | 140,063 | | |
Envision Healthcare Corp., 5.63%, 7/15/22 | | | | | 150,000 | | | | | | 154,230 | | |
ERAC USA Finance LLC, 4.20%, 11/1/46(a) | | | | | 325,000 | | | | | | 291,986 | | |
Express Scripts Holding Co., 4.50%, 2/25/26 | | | | | 400,000 | | | | | | 403,412 | | |
Financial & Risk US Holdings, Inc., 6.25%, 5/15/26 | | | | | 50,000 | | | | | | 49,969 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Financial & Risk US Holdings, Inc., 8.25%, 11/15/26 | | | | $ | 100,000 | | | | | $ | 99,394 | | |
Ford Foundation (The), Senior Bond, Series 2017, 3.86%, 6/1/47 | | | | | 175,000 | | | | | | 169,163 | | |
Garda World Security Corp., Senior Note, 8.75%, 5/15/25(a) | | | | | 150,000 | | | | | | 146,625 | | |
Gartner, Inc., 5.13%, 4/1/25(a) | | | | | 100,000 | | | | | | 100,537 | | |
GlaxoSmithKline Capital, Inc., 3.38%, 5/15/23 | | | | | 198,000 | | | | | | 197,125 | | |
Graham Holdings Co., 5.75%, 6/1/26(a) | | | | | 50,000 | | | | | | 51,188 | | |
Halfmoon Parent, Inc., 4.38%, 10/15/28 | | | | | 190,000 | | | | | | 189,340 | | |
Halfmoon Parent, Inc., 4.80%, 8/15/38 | | | | | 798,000 | | | | | | 796,754 | | |
Halfmoon Parent, Inc., 4.90%, 12/15/48 | | | | | 195,000 | | | | | | 194,754 | | |
HCA, Inc., 5.38%, 2/1/25 | | | | | 150,000 | | | | | | 153,000 | | |
HCA, Inc., 5.38%, 9/1/26 | | | | | 125,000 | | | | | | 126,500 | | |
HCA, Inc., 5.63%, 9/1/28 | | | | | 125,000 | | | | | | 125,625 | | |
HCA, Inc., 5.88%, 2/15/26 | | | | | 100,000 | | | | | | 104,125 | | |
HCA, Inc., 7.50%, 2/15/22 | | | | | 400,000 | | | | | | 438,000 | | |
HCA, Inc., Senior Secured Note, 4.75%, 5/1/23 | | | | | 150,000 | | | | | | 152,812 | | |
HCA, Inc., Senior Secured Note, 5.88%, 3/15/22 | | | | | 200,000 | | | | | | 212,000 | | |
HCA, Inc., Senior Secured Note, 6.50%, 2/15/20 | | | | | 300,000 | | | | | | 311,475 | | |
Herc Rentals, Inc., Secured Note, 7.50%, 6/1/22(a) | | | | | 155,000 | | | | | | 163,912 | | |
HLF Financing Sarl LLC/ Herbalife International, Inc., 7.25%, 8/15/26 | | | | | 50,000 | | | | | | 50,813 | | |
Keurig Dr Pepper, Inc., 4.42%, 5/25/25 | | | | | 289,000 | | | | | | 290,136 | | |
Koninklijke Ahold Delhaize N.V., 5.70%, 10/1/40 | | | | | 90,000 | | | | | | 97,751 | | |
Kraft Heinz Foods Co., 3.38%, 6/15/21 | | | | | 135,000 | | | | | | 134,278 | | |
Kraft Heinz Foods Co., 4.38%, 6/1/46 | | | | | 160,000 | | | | | | 141,086 | | |
Laboratory Corp. of America Holdings, Senior Note, 3.25%, 9/1/24 | | | | | 318,000 | | | | | | 304,516 | | |
LifePoint Health, Inc., 5.50%, 12/1/21 | | | | | 150,000 | | | | | | 152,438 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Maple Escrow Subsidiary, Inc., 4.06%, 5/25/23(a) | | | | $ | 124,000 | | | | | $ | 124,153 | | |
Maple Escrow Subsidiary, Inc., 4.60%, 5/25/28(a) | | | | | 198,000 | | | | | | 198,895 | | |
Massachusetts Institute of Technology, 4.68%, 7/1/2114 | | | | | 150,000 | | | | | | 160,707 | | |
Matthews International Corp., 5.25%, 12/1/25(a) | | | | | 160,000 | | | | | | 154,800 | | |
Medtronic, Inc., 2.50%, 3/15/20 | | | | | 252,000 | | | | | | 250,314 | | |
Mylan, Inc., 4.20%, 11/29/23 | | | | | 400,000 | | | | | | 395,557 | | |
Mylan, Inc., 5.20%, 4/15/48(a) | | | | | 479,000 | | | | | | 442,815 | | |
Nestle Holdings, Inc., 3.50%, 9/24/25 | | | | | 247,000 | | | | | | 245,260 | | |
Nestle Holdings, Inc., 3.90%, 9/24/38 | | | | | 417,000 | | | | | | 407,671 | | |
Nestle Holdings, Inc., 4.00%, 9/24/48 | | | | | 269,000 | | | | | | 263,250 | | |
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22(a) | | | | | 175,000 | | | | | | 170,798 | | |
Orlando Health Obligated Group, 4.09%, 10/1/48 | | | | | 50,000 | | | | | | 48,133 | | |
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics S.A., Senior Note, 6.63%, 5/15/22(a) | | | | | 100,000 | | | | | | 97,700 | | |
Pfizer, Inc., 3.00%, 9/15/21 | | | | | 120,000 | | | | | | 119,940 | | |
Pilgrim’s Pride Corp., 5.75%, 3/15/25(a) | | | | | 100,000 | | | | | | 96,250 | | |
Polaris Intermediate Corp., Intermediate Senior Note, 8.50%, 12/1/22(a) | | | | | 200,000 | | | | | | 206,648 | | |
Post Holdings, Inc., 5.75%, 3/1/27(a) | | | | | 200,000 | | | | | | 196,500 | | |
President & Fellows of Harvard College, 3.62%, 10/1/37 | | | | | 50,000 | | | | | | 48,517 | | |
President & Fellows of Harvard College, 6.50%, 1/15/39(a) | | | | | 105,000 | | | | | | 141,935 | | |
Prestige Brands, Inc., 6.38%, 3/1/24 | | | | | 100,000 | | | | | | 101,125 | | |
Prime Security Services Borrower LLC/Prime Finance, Inc., Secured Note, 9.25%, 5/15/23(a) | | | | | 75,000 | | | | | | 80,213 | | |
Roche Holdings, Inc., 1.75%, 1/28/22(a) | | | | | 200,000 | | | | | | 190,062 | | |
Select Medical Corp., 6.38%, 6/1/21 | | | | | 150,000 | | | | | | 152,234 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Shire Acquisitions Investments Ireland DAC, 2.88%, 9/23/23 | | | | $ | 648,000 | | | | | $ | 617,949 | | |
Smithfield Foods, Inc., Senior Note, 2.65%, 10/3/21(a) | | | | | 120,000 | | | | | | 114,370 | | |
Sutter Health, Series 2018, 4.09%, 8/15/48 | | | | | 125,000 | | | | | | 118,520 | | |
Tenet Healthcare Corp., 4.63%, 7/15/24 | | | | | 125,000 | | | | | | 121,500 | | |
Tenet Healthcare Corp., Senior Note, 6.75%, 6/15/23 | | | | | 125,000 | | | | | | 124,531 | | |
Tenet Healthcare Corp., Senior Secured Note, 6.00%, 10/1/20 | | | | | 200,000 | | | | | | 206,250 | | |
Unilever Capital Corp., 2.00%, 7/28/26 | | | | | 1,125,000 | | | | | | 994,310 | | |
United Rentals North America, Inc., 5.88%, 9/15/26 | | | | | 125,000 | | | | | | 128,281 | | |
UnitedHealth Group, Inc., Senior Note, 2.38%, 10/15/22 | | | | | 927,000 | | | | | | 888,838 | | |
UnitedHealth Group, Inc., Senior Note, 3.75%, 7/15/25 | | | | | 185,000 | | | | | | 185,813 | | |
UnitedHealth Group, Inc., Senior Note, 3.85%, 6/15/28 | | | | | 760,000 | | | | | | 761,471 | | |
Universal Hospital Services, Inc., Secured Note, 7.63%, 8/15/20 | | | | | 275,000 | | | | | | 276,004 | | |
US Foods, Inc., 5.88%, 6/15/24(a) | | | | | 300,000 | | | | | | 301,500 | | |
Verscend Escrow Corp., 9.75%, 8/15/26 | | | | | 75,000 | | | | | | 77,344 | | |
WellCare Health Plans, Inc., 5.38%, 8/15/26 | | | | | 50,000 | | | | | | 50,875 | | |
West Street Merger Sub, Inc., Senior Note, 6.38%, 9/1/25(a) | | | | | 100,000 | | | | | | 94,750 | | |
Zoetis, Inc., 2.76%, 8/20/21 | | | | | 725,000 | | | | | | 726,252 | | |
Zoetis, Inc., 4.45%, 8/20/48 | | | | | 425,000 | | | | | | 420,183 | | |
Total Consumer, Non-cyclical | | | | | 27,159,914 | | | ||||||
DIVERSIFIED – 0.0%(f) | | ||||||||||||
HRG Group, Inc., Senior Note, 7.75%, 1/15/22 | | | | | 150,000 | | | | | | 154,425 | | |
ENERGY – 6.0% | | ||||||||||||
Anadarko Petroleum Corp., Senior Bond, 6.45%, 9/15/36 | | | | | 397,000 | | | | | | 452,490 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Andeavor Logistics L.P./ Tesoro Logistics Finance Corp., 5.20%, 12/1/47 | | | | $ | 383,000 | | | | | $ | 381,936 | | |
Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.38%, 9/15/24 | | | | | 200,000 | | | | | | 201,250 | | |
Antero Resources Corp., 5.38%, 11/1/21 | | | | | 150,000 | | | | | | 151,920 | | |
Apache Corp., 4.38%, 10/15/28 | | | | | 102,000 | | | | | | 100,281 | | |
Apache Corp., Senior Bond, 4.25%, 1/15/44 | | | | | 500,000 | | | | | | 445,219 | | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/1/26 | | | | | 75,000 | | | | | | 74,494 | | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., Senior Note, 10.00%, 4/1/22(a) | | | | | 250,000 | | | | | | 281,875 | | |
Basic Energy Services, Inc., 10.75%, 10/15/23 | | | | | 25,000 | | | | | | 25,500 | | |
Blue Racer Midstream LLC/ Blue Racer Finance Corp., 6.13%, 11/15/22(a) | | | | | 100,000 | | | | | | 102,625 | | |
Blue Racer Midstream LLC/ Blue Racer Finance Corp., Senior Note, 6.63%, 7/15/26(a) | | | | | 25,000 | | | | | | 25,469 | | |
BP Capital Markets PLC, 3.25%, 5/6/22 | | | | | 358,000 | | | | | | 355,613 | | |
Bruin E&P Partners LLC, 8.88%, 8/1/23 | | | | | 100,000 | | | | | | 103,000 | | |
Calfrac Holdings L.P., Senior Note, 8.50%, 6/15/26(a) | | | | | 100,000 | | | | | | 93,250 | | |
California Resources Corp., Secured Note, 8.00%, 12/15/22(a) | | | | | 400,000 | | | | | | 381,500 | | |
Callon Petroleum Co., 6.13%, 10/1/24 | | | | | 100,000 | | | | | | 101,750 | | |
Callon Petroleum Co., 6.38%, 7/1/26 | | | | | 75,000 | | | | | | 76,313 | | |
Canadian Natural Resources Ltd., Senior Bond, 6.25%, 3/15/38 | | | | | 200,000 | | | | | | 235,795 | | |
Carrizo Oil & Gas, Inc., 6.25%, 4/15/23 | | | | | 200,000 | | | | | | 204,250 | | |
Cenovus Energy, Inc., Senior Bond, 4.45%, 9/15/42 | | | | | 500,000 | | | | | | 437,679 | | |
Cenovus Energy, Inc., Senior Bond, 5.25%, 6/15/37 | | | | | 300,000 | | | | | | 297,080 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Cenovus Energy, Inc., Senior Note, 4.25%, 4/15/27 | | | | $ | 265,000 | | | | | $ | 256,061 | | |
Centennial Resource Production LLC, 5.38%, 1/15/26(a) | | | | | 100,000 | | | | | | 99,500 | | |
Chaparral Energy, Inc., Senior Note, 8.75%, 7/15/23(a) | | | | | 50,000 | | | | | | 49,875 | | |
Cheniere Corpus Christi Holdings LLC, Senior Secured Note, 5.13%, 6/30/27 | | | | | 200,000 | | | | | | 200,750 | | |
Cheniere Corpus Christi Holdings LLC, Senior Secured Note, 7.00%, 6/30/24 | | | | | 105,000 | | | | | | 114,975 | | |
Cheniere Energy Partners L.P., 5.25%, 10/1/25 | | | | | 125,000 | | | | | | 125,000 | | |
Chesapeake Energy Corp., 6.63%, 8/15/20 | | | | | 300,000 | | | | | | 313,500 | | |
Chesapeake Energy Corp., 8.00%, 1/15/25 | | | | | 150,000 | | | | | | 154,800 | | |
Chevron Corp., Senior Note, 3.19%, 6/24/23 | | | | | 782,000 | | | | | | 775,983 | | |
Citgo Holding, Inc., Senior Secured Note, 10.75%, 2/15/20(a) | | | | | 200,000 | | | | | | 212,000 | | |
CNX Resources Corp., 5.88%, 4/15/22 | | | | | 100,000 | | | | | | 100,130 | | |
Concho Resources, Inc., 4.30%, 8/15/28 | | | | | 90,000 | | | | | | 89,592 | | |
Continental Resources, Inc., 4.50%, 4/15/23 | | | | | 233,000 | | | | | | 237,046 | | |
Covey Park Energy LLC/ Covey Park Finance Corp., 7.50%, 5/15/25(a) | | | | | 150,000 | | | | | | 152,062 | | |
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | | | | | 200,000 | | | | | | 204,250 | | |
CrownRock L.P./CrownRock Finance, Inc., Senior Note, 5.63%, 10/15/25(a) | | | | | 125,000 | | | | | | 122,344 | | |
DCP Midstream Operating L.P., 5.38%, 7/15/25 | | | | | 100,000 | | | | | | 101,625 | | |
Denbury Resources, Inc., 6.38%, 8/15/21 | | | | | 150,000 | | | | | | 146,250 | | |
Denbury Resources, Inc., 7.50%, 2/15/24 | | | | | 25,000 | | | | | | 25,750 | | |
Denbury Resources, Inc., Secured Note, 9.00%, 5/15/21(a) | | | | | 125,000 | | | | | | 135,156 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Diamond Offshore Drilling, Inc., Senior Note, 7.88%, 8/15/25 | | | | $ | 175,000 | | | | | $ | 181,781 | | |
Diamondback Energy, Inc., 4.75%, 11/1/24 | | | | | 50,000 | | | | | | 50,063 | | |
Ecopetrol S.A., Senior Note, 4.13%, 1/16/25 | | | | | 200,000 | | | | | | 194,000 | | |
Enbridge, Inc., 3.03%, 6/15/20 (0.70% + 3 month USD LIBOR)(c) | | | | | 675,000 | | | | | | 677,463 | | |
Encana Corp., Senior Bond, 7.38%, 11/1/31 | | | | | 231,000 | | | | | | 282,352 | | |
Energy Transfer Equity L.P., Senior Secured Note, 4.25%, 3/15/23 | | | | | 125,000 | | | | | | 124,219 | | |
Energy Transfer Equity L.P., Senior Secured Note, 7.50%, 10/15/20 | | | | | 350,000 | | | | | | 374,762 | | |
Energy Transfer Partners L.P., 4.90%, 3/15/35 | | | | | 46,000 | | | | | | 43,207 | | |
Energy Transfer Partners L.P., 4.95%, 6/15/28 | | | | | 115,000 | | | | | | 117,016 | | |
Energy Transfer Partners L.P., 6.63%, 10/15/36 | | | | | 190,000 | | | | | | 211,802 | | |
Energy Transfer Partners L.P., Junior Subordinated Note, Series A, 6.25%, 2/15/23 (6.25% fixed rate until 2/15/23; 4.03% + 3 month USD LIBOR thereafter)(c) | | | | | 150,000 | | | | | | 144,375 | | |
Energy Transfer Partners L.P., Series 30Y, 6.00%, 6/15/48 | | | | | 100,000 | | | | | | 106,464 | | |
EnLink Midstream Partners L.P., 5.60%, 4/1/44 | | | | | 75,000 | | | | | | 66,711 | | |
EnLink Midstream Partners L.P., Senior Bond, 5.05%, 4/1/45 | | | | | 10,000 | | | | | | 8,287 | | |
EnLink Midstream Partners L.P., Senior Note, 4.85%, 7/15/26 | | | | | 349,000 | | | | | | 338,240 | | |
Ensco PLC, Senior Note, 7.75%, 2/1/26 | | | | | 100,000 | | | | | | 99,250 | | |
Enterprise Products Operating LLC, 4.85%, 8/15/42 | | | | | 200,000 | | | | | | 203,572 | | |
Enterprise Products Operating LLC, Series E, 5.25%, 8/16/77 (5.25% fixed rate until 8/16/27; 3.03% + 3 month USD LIBOR thereafter)(c) | | | | | 145,000 | | | | | | 135,337 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
EOG Resources, Inc., Senior Bond, 5.10%, 1/15/36 | | | | $ | 175,000 | | | | | $ | 193,994 | | |
EOG Resources, Inc., Senior Note, 2.63%, 3/15/23 | | | | | 500,000 | | | | | | 481,714 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., 6.38%, 6/15/23 | | | | | 175,000 | | | | | | 116,375 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., 9.38%, 5/1/20 | | | | | 150,000 | | | | | | 148,875 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., Secured Note, 9.38%, 5/1/24(a) | | | | | 275,000 | | | | | | 226,875 | | |
EQT Corp., Senior Note, 3.11%, 10/1/20 (0.77% + 3 month USD LIBOR)(c) | | | | | 1,385,000 | | | | | | 1,384,487 | | |
EQT Midstream Partners L.P., Senior Note, Series 5Y, 4.75%, 7/15/23 | | | | | 270,000 | | | | | | 273,719 | | |
FTS International, Inc., Senior Secured Note, 6.25%, 5/1/22 | | | | | 225,000 | | | | | | 216,562 | | |
Gulfport Energy Corp., 6.00%, 10/15/24 | | | | | 150,000 | | | | | | 146,250 | | |
Halcon Resources Corp., 6.75%, 2/15/25 | | | | | 75,000 | | | | | | 72,000 | | |
Halliburton Co., Senior Bond, 4.85%, 11/15/35 | | | | | 68,000 | | | | | | 71,049 | | |
Hess Corp., Senior Bond, 5.60%, 2/15/41 | | | | | 278,000 | | | | | | 281,208 | | |
Hess Infrastructure Partners L.P./Hess Infrastructure Partners Finance Corp., Senior Note, 5.63%, 2/15/26(a) | | | | | 150,000 | | | | | | 151,500 | | |
Indigo Natural Resources LLC, Senior Note, 6.88%, 2/15/26(a) | | | | | 100,000 | | | | | | 96,750 | | |
Jones Energy Holdings LLC/ Jones Energy Finance Corp., Senior Secured Note, 9.25%, 3/15/23(a) | | | | | 100,000 | | | | | | 103,000 | | |
Kinder Morgan Energy Partners L.P., 4.30%, 5/1/24 | | | | | 212,000 | | | | | | 213,985 | | |
Kinder Morgan Energy Partners L.P., 6.95%, 1/15/38 | | | | | 200,000 | | | | | | 241,883 | | |
Laredo Petroleum, Inc., 5.63%, 1/15/22 | | | | | 150,000 | | | | | | 148,875 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 8/1/26 | | | | $ | 50,000 | | | | | $ | 49,875 | | |
Marathon Oil Corp., Senior Bond, 6.60%, 10/1/37 | | | | | 265,000 | | | | | | 312,386 | | |
Martin Midstream Partners L.P./Martin Midstream Finance Corp., 7.25%, 2/15/21 | | | | | 150,000 | | | | | | 149,625 | | |
Matador Resources Co., 5.88%, 9/15/26 | | | | | 50,000 | | | | | | 50,625 | | |
McDermott Technology Americas, Inc./McDermott Technology US, Inc., 10.63%, 5/1/24(a) | | | | | 200,000 | | | | | | 214,000 | | |
MEG Energy Corp., 6.38%, 1/30/23(a) | | | | | 250,000 | | | | | | 227,500 | | |
MEG Energy Corp., 7.00%, 3/31/24(a) | | | | | 100,000 | | | | | | 91,000 | | |
Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(a) | | | | | 150,000 | | | | | | 149,813 | | |
MPLX L.P., 4.00%, 3/15/28 | | | | | 252,000 | | | | | | 242,247 | | |
MPLX L.P., Senior Bond, 4.70%, 4/15/48 | | | | | 150,000 | | | | | | 140,251 | | |
Murphy Oil Corp., Senior Note, 5.75%, 8/15/25 | | | | | 200,000 | | | | | | 203,181 | | |
Murray Energy Corp., PIK, 12.00%, 4/15/24 | | | | | 250,000 | | | | | | 167,500 | | |
Murray Energy Corp., Secured Note, 11.25%, 4/15/21(a) | | | | | 75,000 | | | | | | 53,438 | | |
Nabors Industries, Inc., 5.50%, 1/15/23 | | | | | 100,000 | | | | | | 98,215 | | |
National Oilwell Varco, Inc., Senior Bond, 3.95%, 12/1/42 | | | | | 500,000 | | | | | | 433,079 | | |
NGPL PipeCo LLC, Senior Note, 4.38%, 8/15/22(a) | | | | | 200,000 | | | | | | 201,500 | | |
Noble Holding International Ltd., 7.75%, 1/15/24 | | | | | 150,000 | | | | | | 148,875 | | |
Noble Holding International Ltd., 7.88%, 2/1/26(a) | | | | | 100,000 | | | | | | 103,750 | | |
Northern Natural Gas Co., 4.30%, 1/15/49 | | | | | 97,000 | | | | | | 93,181 | | |
Northern Oil and Gas, Inc., PIK, 9.50%, 5/15/23 | | | | | 50,000 | | | | | | 52,750 | | |
Oasis Petroleum, Inc., 6.88%, 3/15/22 | | | | | 275,000 | | | | | | 279,807 | | |
ONEOK, Inc., 4.95%, 7/13/47 | | | | | 150,000 | | | | | | 148,818 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Parsley Energy LLC/Parsley Finance Corp., 6.25%, 6/1/24(a) | | | | $ | 150,000 | | | | | $ | 156,375 | | |
Pattern Energy Group, Inc., 5.88%, 2/1/24(a) | | | | | 500,000 | | | | | | 505,000 | | |
PBF Logistics L.P./PBF Logistics Finance Corp., 6.88%, 5/15/23 | | | | | 150,000 | | | | | | 153,187 | | |
Peabody Energy Corp., Senior Secured Note, 6.00%, 3/31/22(a) | | | | | 150,000 | | | | | | 152,437 | | |
Petroleos Mexicanos, 5.38%, 3/13/22 | | | | | 250,000 | | | | | | 257,500 | | |
Petroleos Mexicanos, 5.50%, 1/21/21 | | | | | 200,000 | | | | | | 206,382 | | |
Petroleos Mexicanos, 6.38%, 2/4/21 | | | | | 100,000 | | | | | | 104,851 | | |
Petroleos Mexicanos, 6.50%, 3/13/27 | | | | | 200,000 | | | | | | 204,300 | | |
Petroleos Mexicanos, 6.75%, 9/21/47 | | | | | 824,000 | | | | | | 786,253 | | |
Phillips 66, 2.91%, 2/26/21 (0.60% + 3 month USD LIBOR)(c) | | | | | 881,000 | | | | | | 882,089 | | |
Phillips 66, 3.90%, 3/15/28 | | | | | 212,000 | | | | | | 208,992 | | |
Precision Drilling Corp., 7.13%, 1/15/26(a) | | | | | 100,000 | | | | | | 102,750 | | |
Range Resources Corp., 5.00%, 3/15/23 | | | | | 150,000 | | | | | | 147,375 | | |
Resolute Energy Corp., 8.50%, 5/1/20 | | | | | 150,000 | | | | | | 150,187 | | |
Sanchez Energy Corp., 6.13%, 1/15/23 | | | | | 250,000 | | | | | | 143,750 | | |
Sanchez Energy Corp., 7.75%, 6/15/21 | | | | | 150,000 | | | | | | 105,000 | | |
SemGroup Corp., 7.25%, 3/15/26 | | | | | 70,000 | | | | | | 69,825 | | |
SESI LLC, 7.75%, 9/15/24 | | | | | 150,000 | | | | | | 153,000 | | |
Seven Generations Energy Ltd., 5.38%, 9/30/25(a) | | | | | 150,000 | | | | | | 145,875 | | |
Shelf Drilling Holdings Ltd., 8.25%, 2/15/25(a) | | | | | 50,000 | | | | | | 51,500 | | |
SM Energy Co., Senior Note, 6.75%, 9/15/26 | | | | | 325,000 | | | | ��� | | 337,594 | | |
Southwestern Energy Co., 6.20%, 1/23/25(d) | | | | | 200,000 | | | | | | 198,375 | | |
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.50%, 8/15/22 | | | | | 150,000 | | | | | | 149,896 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Summit Midstream Partners L.P., Series A, 9.50%, 12/15/22 (9.50% fixed rate until 12/15/22; 7.43% + 3 month USD LIBOR thereafter)(c) | | | | $ | 100,000 | | | | | $ | 99,250 | | |
Sunoco L.P./Sunoco Finance Corp., 4.88%, 1/15/23(a) | | | | | 150,000 | | | | | | 148,500 | | |
Sunoco L.P./Sunoco Finance Corp., 5.50%, 2/15/26 | | | | | 75,000 | | | | | | 72,450 | | |
Sunoco Logistics Partners Operations L.P., 5.35%, 5/15/45 | | | | | 29,000 | | | | | | 28,235 | | |
Tallgrass Energy Partners L.P. /Tallgrass Energy Finance Corp., 4.75%, 10/1/23 | | | | | 25,000 | | | | | | 24,993 | | |
Targa Resources Partners L.P. /Targa Resources Partners Finance Corp., 5.88%, 4/15/26(a) | | | | | 200,000 | | | | | | 206,250 | | |
TerraForm Power Operating LLC, 4.25%, 1/31/23(a) | | | | | 100,000 | | | | | | 97,750 | | |
Topaz Solar Farms LLC, Senior Secured Bond, 4.88%, 9/30/39(a) | | | | | 413,907 | | | | | | 403,824 | | |
Transcanada Trust, 5.30%, 3/15/77 (5.30% fixed rate until 3/15/27; 3.21% + 3 month USD LIBOR until 3/15/47; 3.96% + 3 month USD LIBOR thereafter)(c) | | | | | 159,000 | | | | | | 151,249 | | |
Transcanada Trust, 5.63%, 5/20/75 (5.63% fixed rate until 5/20/25; 3.53% + 3 month USD LIBOR until 5/20/45; 4.28% + 3 month USD LIBOR thereafter)(c) | | | | | 112,000 | | | | | | 109,760 | | |
Transocean Guardian Ltd., Senior Secured Note, 5.88%, 1/15/24(a) | | | | | 25,000 | | | | | | 25,219 | | |
Transocean, Inc., 7.50%, 1/15/26(a) | | | | | 150,000 | | | | | | 154,875 | | |
Transocean, Inc., 9.00%, 7/15/23(a) | | | | | 100,000 | | | | | | 108,750 | | |
Valero Energy Partners L.P., Senior Note, 4.50%, 3/15/28 | | | | | 350,000 | | | | | | 343,633 | | |
Vine Oil & Gas L.P./Vine Oil & Gas Finance Corp., 8.75%, 4/15/23(a) | | | | | 175,000 | | | | | | 171,062 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Vine Oil & Gas L.P./Vine Oil & Gas Finance Corp. Vine Oil & Gas L.P./Vine Oil & Gas Finance Corp., 9.75%, 4/15/23 | | | | $ | 100,000 | | | | | $ | 100,000 | | |
Warrior Met Coal, Inc., Senior Secured Note, 8.00%, 11/1/24(a) | | | | | 150,000 | | | | | | 153,750 | | |
Weatherford International Ltd., 8.25%, 6/15/23 | | | | | 100,000 | | | | | | 94,500 | | |
Weatherford International Ltd., 9.88%, 2/15/24 | | | | | 150,000 | | | | | | 146,625 | | |
Western Gas Partners L.P., 5.50%, 8/15/48 | | | | | 10,000 | | | | | | 9,412 | | |
Western Gas Partners L.P., Senior Note, 4.65%, 7/1/26 | | | | | 290,000 | | | | | | 284,127 | | |
Whiting Petroleum Corp., 5.75%, 3/15/21 | | | | | 150,000 | | | | | | 153,562 | | |
WildHorse Resource Development Corp., 6.88%, 2/1/25 | | | | | 150,000 | | | | | | 154,875 | | |
Williams Cos., Inc. (The), Senior Note, 4.55%, 6/24/24 | | | | | 200,000 | | | | | | 203,138 | | |
Williams Partners L.P., Senior Bond, 4.90%, 1/15/45 | | | | | 200,000 | | | | | | 194,292 | | |
Woodside Finance Ltd., 3.70%, 3/15/28(a) | | | | | 500,000 | | | | | | 468,812 | | |
WPX Energy, Inc., Senior Note, 5.75%, 6/1/26 | | | | | 150,000 | | | | | | 151,875 | | |
Total Energy | | | | | | | | | | | 29,318,617 | | |
FINANCIAL – 13.9% | | ||||||||||||
Abay Leasing 2014 LLC, 2.65%, 11/9/26 | | | | | 687,500 | | | | | | 670,727 | | |
Acrisure LLC/Acrisure Finance, Inc., Senior Note, 7.00%, 11/15/25(a) | | | | | 100,000 | | | | | | 93,218 | | |
Alexandria Real Estate Equities, Inc., 4.00%, 1/15/24 | | | | | 400,000 | | | | | | 400,887 | | |
Ally Financial, Inc., Senior Note, 3.75%, 11/18/19 | | | | | 350,000 | | | | | | 348,687 | | |
Ally Financial, Inc., Senior Note, 4.13%, 3/30/20 | | | | | 500,000 | | | | | | 501,875 | | |
American Express Co., Senior Note, 2.50%, 8/1/22 | | | | | 530,000 | | | | | | 508,525 | | |
American International Group, Inc., Senior Bond, 3.88%, 1/15/35 | | | | | 18,000 | | | | | | 16,298 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Ardonagh Midco 3 PLC, Senior Secured Note, 8.63%, 7/15/23(a) | | | | $ | 200,000 | | | | | $ | 197,500 | | |
ASB Bank Ltd., Senior Note, 3.75%, 6/14/23(a) | | | | | 1,200,000 | | | | | | 1,189,202 | | |
ASP AMC Merger Sub, Inc., Senior Note, 8.00%, 5/15/25(a) | | | | | 150,000 | | | | | | 114,000 | | |
Associated Bank NA/Green Bay, 3.50%, 8/13/21 | | | | | 205,000 | | | | | | 203,966 | | |
AssuredPartners, Inc., Senior Note, 7.00%, 8/15/25(a) | | | | | 100,000 | | | | | | 99,000 | | |
Athene Holding Ltd., Senior Note, 4.13%, 1/12/28 | | | | | 390,000 | | | | | | 364,184 | | |
AXA Equitable Holdings, Inc., Senior Bond, 5.00%, 4/20/48(a) | | | | | 93,000 | | | | | | 86,512 | | |
Bank of America Corp., 3.86%, 7/23/24 (3.86% fixed rate until 7/23/23; 0.94% + 3 month USD LIBOR thereafter)(c) | | | | | 251,000 | | | | | | 250,933 | | |
Bank of America Corp., Junior Subordinated Bond, 5.88%, 3/15/28 (5.88% fixed rate until 3/15/28; 2.93% + 3 month USD LIBOR thereafter)(c) | | | | | 350,000 | | | | | | 346,937 | | |
Bank of America Corp., Senior Bond, 3.82%, 1/20/28 (3.82% fixed rate until 1/20/27; 1.58% + 3 month USD LIBOR thereafter)(c) | | | | | 725,000 | | | | | | 705,573 | | |
Bank of America Corp., Senior Bond, 3.97%, 3/5/29 (3.97% fixed rate until 3/5/28; 1.07% + 3 month USD LIBOR thereafter)(c) | | | | | 610,000 | | | | | | 595,057 | | |
Bank of America Corp., Senior Note, 2.15%, 11/9/20 | | | | | 500,000 | | | | | | 489,290 | | |
Bank of America Corp., Senior Note, 3.55%, 3/5/24 (3.55% fixed rate until 3/5/23; 0.78% + 3 month USD LIBOR thereafter)(c) | | | | | 383,000 | | | | | | 378,510 | | |
Bank of America Corp., Subordinated Bond, 6.11%, 1/29/37 | | | | | 290,000 | | | | | | 333,118 | | |
Bank of America Corp., Subordinated Note, 4.18%, 11/25/27 | | | | | 662,000 | | | | | | 645,727 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Bank of Montreal, Subordinated Bond, 3.80%, 12/15/32 (3.80% fixed rate until 12/15/27; 1.43% + USD 5 year Swap Rate thereafter)(c) | | | | $ | 500,000 | | | | | $ | 467,170 | | |
Bank of New York Mellon Corp. (The), Subordinated Bond, 3.30%, 8/23/29 | | | | | 500,000 | | | | | | 468,207 | | |
Bank of Nova Scotia (The), Junior Subordinated Note, 4.65%, 10/12/22 (4.65% fixed rate until 10/12/22; 2.65% + 3 month USD LIBOR thereafter)(c) | | | | | 463,000 | | | | | | 434,352 | | |
BankUnited, Inc., 4.88%, 11/17/25 | | | | | 718,000 | | | | | | 728,982 | | |
Barclays PLC, Junior Subordinated Bond, 8.25%, 12/15/18 (8.25% fixed rate until 12/5/18; 6.71% + USD 5 year Swap Rate thereafter)(c)(g) | | | | | 200,000 | | | | | | 201,750 | | |
Barclays PLC, Senior Bond, 4.97%, 5/16/29 (4.97% fixed rate until 5/16/28; 1.90% + 3 month USD LIBOR thereafter)(c) | | | | | 200,000 | | | | | | 197,362 | | |
BB+TCorp. SR UNSECURED 06/25 3.7, Senior Note, 3.70%, 6/5/25 | | | | | 1,000,000 | | | | | | 996,028 | | |
BB+TCorp. SR UNSECURED 09/21 3.2, Senior Note, 3.20%, 9/3/21 | | | | | 290,000 | | | | | | 288,260 | | |
BNP Paribas S.A., Senior Note, 3.80%, 1/10/24(a) | | | | | 270,000 | | | | | | 264,027 | | |
Brandywine Operating Partnership L.P., 3.95%, 2/15/23 | | | | | 500,000 | | | | | | 496,648 | | |
Brighthouse Financial, Inc., Senior Bond, 4.70%, 6/22/47 | | | | | 223,000 | | | | | | 184,272 | | |
Brixmor Operating Partnership L.P., 3.65%, 6/15/24 | | | | | 500,000 | | | | | | 481,720 | | |
Brixmor Operating Partnership L.P., Senior Note, 3.90%, 3/15/27 | | | | | 500,000 | | | | | | 473,521 | | |
Canadian Imperial Bank of Commerce, 3.15%, 6/27/21(a) | | | | | 500,000 | | | | | | 498,356 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Canadian Imperial Bank of Commerce, Senior Note, 2.10%, 10/5/20 | | | | $ | 490,000 | | | | | $ | 478,621 | | |
Capital One Financial Corp., Subordinated Note, 3.75%, 7/28/26 | | | | | 198,000 | | | | | | 184,665 | | |
Chubb INA Holdings, Inc., 2.88%, 11/3/22 | | | | | 216,000 | | | | | | 211,392 | | |
CIT Group, Inc., 5.00%, 8/1/23 | | | | | 100,000 | | | | | | 102,010 | | |
Citibank NA, Senior Note, 2.13%, 10/20/20 | | | | | 270,000 | | | | | | 263,655 | | |
Citigroup, Inc., 4.65%, 7/23/48 | | | | | 168,000 | | | | | | 169,650 | | |
Citigroup, Inc., Junior Subordinated Note, 5.90%, 2/15/23 (4.24% fixed rate until 04/24/37; 1.81% + 3 month USD LIBOR thereafter)(5.90% fixed rate until 2/15/23; 4.23% + 3 month USD LIBOR thereafter)(c)(g) | | | | | 250,000 | | | | | | 255,625 | | |
Citigroup, Inc., Senior Bond, 4.08%, 4/23/29 (4.08% fixed rate until 4/23/28; 1.19% + 3 month USD LIBOR thereafter)(c) | | | | | 1,025,000 | | | | | | 1,005,374 | | |
Citigroup, Inc., Senior Note, 2.88%, 7/24/23 (2.88% fixed rate until 7/24/22; 0.95% + 3 month USD LIBOR thereafter)(c) | | | | | 318,000 | | | | | | 307,573 | | |
Citigroup, Inc., Subordinated Bond, 4.75%, 5/18/46 | | | | | 180,000 | | | | | | 175,913 | | |
Citigroup, Inc., Subordinated Bond, 6.00%, 10/31/33 | | | | | 120,000 | | | | | | 134,133 | | |
Citigroup, Inc., Subordinated Note, 4.45%, 9/29/27 | | | | | 489,000 | | | | | | 483,070 | | |
Citizens Bank NA/Providence, 3.12%, 5/26/22 (0.81% + 3 month USD LIBOR)(c) | | | | | 1,550,000 | | | | | | 1,556,616 | | |
Citizens Bank NA/Providence, Senior Note, 2.25%, 3/2/20 | | | | | 500,000 | | | | | | 493,273 | | |
CNA Financial Corp., 3.95%, 5/15/24 | | | | | 365,000 | | | | | | 362,959 | | |
Cooke Omega Investments, Inc./Alpha VesselCo Holdings, Inc., Senior Secured Note, 8.50%, 12/15/22(a) | | | | | 50,000 | | | | | | 49,875 | | |
Credit Suisse AG, Senior Note, 3.00%, 10/29/21 | | | | | 620,000 | | | | | | 611,090 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Danske Bank A/S, Senior Note, 3.88%, 9/12/23(a) | | | | $ | 200,000 | | | | | $ | 196,084 | | |
Digital Realty Trust L.P., 3.95%, 7/1/22 | | | | | 500,000 | | | | | | 503,036 | | |
Discover Bank, 4.65%, 9/13/28 | | | | | 750,000 | | | | | | 751,394 | | |
Drawbridge Special Opportunities Fund L.P./ Drawbridge Special Opportunities Fin, Senior Note, 5.00%, 8/1/21(a) | | | | | 1,200,000 | | | | | | 1,203,741 | | |
Duke Realty L.P., 4.00%, 9/15/28 | | | | | 155,000 | | | | | | 152,156 | | |
Enstar Group Ltd., Senior Note, 4.50%, 3/10/22 | | | | | 80,000 | | | | | | 80,338 | | |
EPR Properties, 4.95%, 4/15/28 | | | | | 75,000 | | | | | | 73,655 | | |
Equinix, Inc., 5.38%, 1/1/22 | | | | | 125,000 | | | | | | 129,063 | | |
Equinix, Inc., Senior Note, 5.38%, 4/1/23 | | | | | 200,000 | | | | | | 205,238 | | |
Equinix, Inc., Senior Note, 5.75%, 1/1/25 | | | | | 50,000 | | | | | | 51,313 | | |
Export Leasing 2009 LLC, 1.86%, 8/28/21 | | | | | 329,551 | | | | | | 324,113 | | |
FelCor Lodging L.P., 6.00%, 6/1/25 | | | | | 150,000 | | | | | | 156,000 | | |
First Horizon National Corp., 3.50%, 12/15/20 | | | | | 287,000 | | | | | | 287,423 | | |
First Niagara Financial Group, Inc., Subordinated Note, 7.25%, 12/15/21 | | | | | 149,000 | | | | | | 164,239 | | |
Five Corners Funding Trust, Senior Note, 4.42%, 11/15/23(a) | | | | | 600,000 | | | | | | 615,627 | | |
FS Investment Corp., Senior Note, 4.25%, 1/15/20 | | | | | 945,000 | | | | | | 945,565 | | |
GE Capital International Funding Co. Unlimited Co., 2.34%, 11/15/20 | | | | | 340,000 | | | | | | 332,205 | | |
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/35 | | | | | 360,000 | | | | | | 337,416 | | |
Genworth Holdings, Inc., 7.70%, 6/15/20 | | | | | 25,000 | | | | | | 25,625 | | |
Goldman Sachs Group, Inc. (The), Senior Bond, 4.02%, 10/31/38 (4.02% fixed rate until 10/31/37; 1.37% + 3 month USD LIBOR thereafter)(c) | | | | | 145,000 | | | | | | 134,242 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Goldman Sachs Group, Inc. (The), Senior Bond, 4.22%, 5/1/29 (4.22% fixed rate until 5/1/28; 1.30% + 3 month USD LIBOR thereafter)(c) | | | | $ | 1,215,000 | | | | | $ | 1,196,688 | | |
Goldman Sachs Group, Inc. (The), Senior Note, 2.91%, 6/5/23 (2.91% fixed rate until 6/5/22; 1.05% + 3 month USD LIBOR thereafter)(c) | | | | | 121,000 | | | | | | 117,044 | | |
Goldman Sachs Group, Inc. (The), Series D, 6.00%, 6/15/20 | | | | | 80,000 | | | | | | 83,620 | | |
Goldman Sachs Group, Inc. (The), Subordinated Bond, 6.75%, 10/1/37 | | | | | 463,000 | | | | | | 556,298 | | |
HNA 2015 LLC, 2.37%, 9/18/27 | | | | | 472,892 | | | | | | 452,573 | | |
HSBC Holdings PLC, Junior Subordinated Bond, 6.00%, 5/22/27 (6.00% fixed rate until 5/22/27; 3.75% + USD 5 year Mid-Market Swap Rate thereafter)(c)(g) | | | | | 200,000 | | | | | | 191,850 | | |
HSBC Holdings PLC, Junior Subordinated Note, 6.25%, 3/23/23 (6.25% fixed rate until 3/23/23; 3.45% + USD 5 year Mid-Market Swap Rate thereafter)(c) | | | | | 200,000 | | | | | | 199,250 | | |
HSBC Holdings PLC, Senior Bond, 4.58%, 6/19/29 (4.58% fixed rate until 6/19/28; 1.54% + 3 month USD LIBOR thereafter)(c) | | | | | 200,000 | | | | | | 200,224 | | |
HSBC Holdings PLC, Senior Note, 3.03%, 11/22/23 (3.03% fixed rate until 11/22/22; 0.92% + 3 month USD LIBOR thereafter)(c) | | | | | 500,000 | | | | | | 482,803 | | |
HUB International Ltd., Senior Note, 7.00%, 5/1/26(a) | | | | | 150,000 | | | | | | 150,197 | | |
Hunt Cos., Inc., Senior Secured Note, 6.25%, 2/15/26(a) | | | | | 100,000 | | | | | | 93,250 | | |
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.00%, 8/1/20 | | | | | 350,000 | | | | | | 356,359 | | |
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.25%, 2/1/22 | | | | | 275,000 | | | | | | 281,875 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.38%, 12/15/25 | | | | $ | 100,000 | | | | | $ | 100,375 | | |
Intesa Sanpaolo SpA, Senior Note, 3.88%, 1/12/28(a) | | | | | 600,000 | | | | | | 508,151 | | |
Iron Mountain, Inc., 5.25%, 3/15/28(a) | | | | | 150,000 | | | | | | 139,125 | | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., Senior Note, 7.38%, 4/1/20(a) | | | | | 250,000 | | | | | | 254,063 | | |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc., Senior Bond, 4.15%, 1/23/30 | | | | | 171,000 | | | | | | 153,555 | | |
JPMorgan Chase & Co., Junior Subordinated Bond, Series S, 6.75%, 2/1/24 (6.75% fixed rate until 2/1/24; 3.78% + 3 month USD LIBOR thereafter)(c)(g) | | | | | 350,000 | | | | | | 381,937 | | |
JPMorgan Chase & Co., Junior Subordinated Bond, Series U, 6.13%, 4/30/24 (6.13% fixed rate until 4/30/24; 3.33% + 3 month USD LIBOR thereafter)(c)(g) | | | | | 318,000 | | | | | | 331,159 | | |
JPMorgan Chase & Co., Senior Bond, 3.88%, 7/24/38 (3.88% fixed rate until 7/24/37; 1.36% + 3 month USD LIBOR thereafter)(c) | | | | | 165,000 | | | | | | 154,104 | | |
JPMorgan Chase & Co., Senior Bond, 4.01%, 4/23/29 (4.01% fixed rate until 4/23/28; 1.12% + 3 month USD LIBOR thereafter)(c) | | | | | 1,270,000 | | | | | | 1,247,800 | | |
JPMorgan Chase & Co., Senior Note, 2.55%, 3/1/21 | | | | | 934,000 | | | | | | 917,179 | | |
Kennedy-Wilson, Inc., 5.88%, 4/1/24 | | | | | 225,000 | | | | | | 221,625 | | |
KeyBank NA, Subordinated Note, 3.40%, 5/20/26 | | | | | 500,000 | | | | | | 473,900 | | |
Kimco Realty Corp., 4.25%, 4/1/45 | | | | | 95,000 | | | | | | 84,975 | | |
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.88%, 8/1/21(a) | | | | | 150,000 | | | | | | 152,063 | | |
Liberty Mutual Group, Inc., 4.85%, 8/1/44(a) | | | | | 120,000 | | | | | | 119,842 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
M&T Bank Corp., 3.02%, 7/26/23 | | | | $ | 1,000,000 | | | | | $ | 1,006,774 | | |
Macquarie Group Ltd., Senior Bond, 3.76%, 11/28/28 (3.76% fixed rate until 11/28/27; 1.37% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 8,000 | | | | | | 7,425 | | |
Manufacturers & Traders Trust Co., 2.96%, 12/1/21 (0.64% + 3 month USD LIBOR)(c) | | | | | 1,000,000 | | | | | | 997,636 | | |
Manufacturers & Traders Trust Co., Subordinated Note, 3.40%, 8/17/27 | | | | | 500,000 | | | | | | 480,053 | | |
MassMutual Global Funding II, 2.75%, 6/22/24 | | | | | 200,000 | | | | | | 190,707 | | |
MetLife, Inc., Junior Subordinated Bond, 6.40%, 12/15/66 | | | | | 345,000 | | | | | | 365,700 | | |
MGIC Investment Corp., 5.75%, 8/15/23 | | | | | 50,000 | | | | | | 52,250 | | |
Mid-America Apartments L.P., Senior Note, 4.00%, 11/15/25 | | | | | 1,005,000 | | | | | | 988,719 | | |
Mitsubishi UFJ Financial Group, Inc., Senior Note, 2.67%, 7/25/22 | | | | | 251,000 | | | | | | 241,835 | | |
Mitsubishi UFJ Financial Group, Inc., Senior Note, 2.95%, 3/1/21 | | | | | 230,000 | | | | | | 226,839 | | |
Mitsubishi UFJ Financial Group, Inc., Senior Note, 3.78%, 3/2/25 | | | | | 345,000 | | | | | | 341,303 | | |
Mizuho Financial Group, Inc., Senior Note, 2.27%, 9/13/21 | | | | | 380,000 | | | | | | 365,759 | | |
Mizuho Financial Group, Inc., Senior Note, 3.55%, 3/5/23 | | | | | 700,000 | | | | | | 692,087 | | |
Morgan Stanley, Senior Bond, 3.77%, 1/24/29 (3.77% fixed rate until 1/24/28; 1.14% + 3 month USD LIBOR thereafter)(c) | | | | | 1,155,000 | | | | | | 1,108,040 | | |
Morgan Stanley, Subordinated Note, 5.00%, 11/24/25 | | | | | 1,444,000 | | | | | | 1,494,866 | | |
MPT Operating Partnership L.P./MPT Finance Corp., 6.38%, 3/1/24 | | | | | 150,000 | | | | | | 157,500 | | |
National Australia Bank Ltd., Senior Note, 3.63%, 6/20/23 | | | | | 250,000 | | | | | | 248,620 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
National Retail Properties, Inc., 4.80%, 10/15/48 | | | | $ | 73,000 | | | | | $ | 73,110 | | |
National Rural Utilities Cooperative Finance Corp., 2.40%, 4/25/22 | | | | | 159,000 | | | | | | 153,622 | | |
Nationwide Building Society, Subordinated Bond, 4.13%, 10/18/32 (4.13% fixed rate until 10/18/27; 1.85% + USD 5 year Mid-Market Swap Rate thereafter)(a)(c) | | | | | 250,000 | | | | | | 228,191 | | |
Navient Corp., Senior Note, 5.00%, 10/26/20 | | | | | 225,000 | | | | | | 227,770 | | |
Navient Corp., Senior Note, 6.75%, 6/25/25 | | | | | 500,000 | | | | | | 503,125 | | |
Navient Corp., Senior Note, 6.75%, 6/15/26 | | | | | 50,000 | | | | | | 49,500 | | |
Nederlandse Waterschapsbank N.V., Senior Note, 2.38%, 3/24/26(a) | | | | | 500,000 | | | | | | 470,480 | | |
New York Life Global Funding, Secured Note, 1.95%, 9/28/20(a) | | | | | 208,000 | | | | | | 203,646 | | |
NFP Corp., Senior Note, 6.88%, 7/15/25(a) | | | | | 100,000 | | | | | | 100,000 | | |
Penta Aircraft Leasing 2013 LLC, 1.69%, 4/29/25 | | | | | 403,240 | | | | | | 383,571 | | |
People’s United Bank NA, Subordinated Note, 4.00%, 7/15/24 | | | | | 500,000 | | | | | | 493,830 | | |
People’s United Financial, Inc., Senior Note, 3.65%, 12/6/22 | | | | | 500,000 | | | | | | 495,622 | | |
PNC Bank NA, Senior Note, 3.10%, 10/25/27 | | | | | 500,000 | | | | | | 470,938 | | |
PNC Bank NA, Senior Note, 3.50%, 6/8/23 | | | | | 430,000 | | | | | | 428,351 | | |
Private Export Funding Corp., Series MM, 2.30%, 9/15/20 | | | | | 500,000 | | | | | | 493,376 | | |
Progressive Corp. (The), Senior Bond, 3.70%, 1/26/45 | | | | | 500,000 | | | | | | 448,870 | | |
Prudential Financial, Inc., Junior Subordinated Bond, 4.50%, 9/15/47 (4.50% fixed rate until 9/15/27; 2.38% + 3 month USD LIBOR thereafter)(c) | | | | | 120,000 | | | | | | 110,700 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Prudential Financial, Inc., Junior Subordinated Bond, 5.63%, 6/15/43 (5.63% fixed rate until 6/15/23; 3.92% + 3 month USD LIBOR thereafter)(c) | | | | $ | 530,000 | | | | | $ | 552,525 | | |
Radian Group, Inc., Senior Note, 4.50%, 10/1/24 | | | | | 150,000 | | | | | | 147,375 | | |
Realogy Group LLC/Realogy Co-Issuer Corp., 4.88%, 6/1/23(a) | | | | | 100,000 | | | | | | 93,625 | | |
Realogy Group LLC/Realogy Co-Issuer Corp., 5.25%, 12/1/21(a) | | | | | 150,000 | | | | | | 150,750 | | |
Regency Centers L.P., 3.75%, 6/15/24 | | | | | 500,000 | | | | | | 488,368 | | |
Regions Bank, 2.84%, 8/13/21 | | | | | 600,000 | | | | | | 600,466 | | |
Regions Bank, 3.37%, 8/13/21 (3.37% fixed rate until 11/28/27; 0.50% + 3 month USD LIBOR thereafter) | | | | | 288,000 | | | | | | 287,126 | | |
Regions Bank, Senior Note, 2.72%, 4/1/21 (0.38% + 3 month USD LIBOR)(c) | | | | | 1,250,000 | | | | | | 1,250,213 | | |
Regions Financial Corp., Senior Note, 2.75%, 8/14/22 | | | | | 441,000 | | | | | | 425,199 | | |
Regions Financial Corp., Subordinated Bond, 7.38%, 12/10/37 | | | | | 563,000 | | | | | | 723,510 | | |
Reinvestment Fund, Inc. (The), 3.88%, 2/15/27 | | | | | 500,000 | | | | | | 494,553 | | |
Royal Bank of Scotland Group PLC, Junior Subordinated Bond, 8.63%, 8/15/21 (8.63% fixed rate until 8/15/21; 7.60% + USD 5 year Swap Rate thereafter)(c)(g) | | | | | 200,000 | | | | | | 214,250 | | |
Royal Bank of Scotland Group PLC, Senior Note, 3.50%, 5/15/23 (3.50% fixed rate until 5/15/22; 1.48% + 3 month USD LIBOR thereafter)(c) | | | | | 300,000 | | | | | | 290,643 | | |
Sandalwood 2013 LLC, 2.82%, 2/12/26 | | | | | 138,906 | | | | | | 136,676 | | |
Sandalwood 2013 LLC, 2.84%, 7/10/25 | | | | | 485,405 | | | | | | 479,924 | | |
Santander Holdings USA, Inc., Senior Note, 3.40%, 1/18/23 | | | | | 344,000 | | | | | | 331,672 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
SBA Communications Corp., Senior Note, 4.88%, 7/15/22 | | | | $ | 150,000 | | | | | $ | 151,440 | | |
Springleaf Finance Corp., 6.88%, 3/15/25 | | | | | 200,000 | | | | | | 199,900 | | |
Springleaf Finance Corp., 7.13%, 3/15/26 | | | | | 175,000 | | | | | | 174,672 | | |
State Street Corp., Senior Note, 2.65%, 5/19/26 | | | | | 500,000 | | | | | | 462,915 | | |
SunTrust Bank, 3.50%, 8/2/22 (3.50% fixed rate until 8/2/21; 0.59% + 3 month USD LIBOR thereafter) | | | | | 179,000 | | | | | | 178,385 | | |
SunTrust Banks, Inc., Senior Note, 4.00%, 5/1/25 | | | | | 397,000 | | | | | | 397,707 | | |
SVB Financial Group, Senior Note, 3.50%, 1/29/25 | | | | | 500,000 | | | | | | 483,237 | | |
Tagua Leasing LLC, 1.58%, 11/16/24 | | | | | 704,023 | | | | | | 669,564 | | |
Tagua Leasing LLC, 1.90%, 7/12/24 | | | | | 190,225 | | | | | | 183,326 | | |
Tempo Acquisition LLC/ Tempo Acquisition Finance Corp., Senior Note, 6.75%, 6/1/25(a) | | | | | 100,000 | | | | | | 97,250 | | |
Toronto-Dominion Bank (The), Senior Note, 1.85%, 9/11/20 | | | | | 294,000 | | | | | | 287,316 | | |
UBS Group Funding Switzerland AG, 3.49%, 5/23/23(a) | | | | | 560,000 | | | | | | 548,561 | | |
US Bancorp, Subordinated Note, 2.95%, 7/15/22 | | | | | 1,000,000 | | | | | | 978,994 | | |
US Bank NA, Senior Note, 2.60%, 5/21/21 (0.29% + 3 month USD LIBOR)(c) | | | | | 500,000 | | | | | | 500,797 | | |
VITALITY RE V Ltd. UNSECURED 144A 01/20 VAR, 3.95%, 1/7/20 (1.75% + 3 month USD Treasury Bill)(a)(c) | | | | | 1,100,000 | | | | | | 1,101,760 | | |
Wand Merger Corp., Senior Note, 8.13%, 7/15/23 | | | | | 50,000 | | | | | | 52,365 | | |
Wand Merger Corp., Senior Note, 9.13%, 7/15/26 | | | | | 50,000 | | | | | | 52,375 | | |
Wells Fargo & Co., 3.00%, 2/19/25 | | | | | 618,000 | | | | | | 585,264 | | |
Wells Fargo & Co., Senior Note, 3.07%, 1/24/23 | | | | | 300,000 | | | | | | 292,726 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Wells Fargo & Co., Subordinated Bond, 4.75%, 12/7/46 | | | | $ | 145,000 | | | | | $ | 144,209 | | |
Wells Fargo Bank NA, 3.55%, 8/14/23 | | | | | 324,000 | | | | | | 322,395 | | |
Wells Fargo Capital X, 5.95%, 12/1/86 | | | | | 100,000 | | | | | | 107,000 | | |
Welltower, Inc., 3.95%, 9/1/23 | | | | | 407,000 | | | | | | 406,820 | | |
Werner FinCo L.P./Werner FinCo, Inc., 8.75%, 7/15/25(a) | | | | | 150,000 | | | | | | 144,750 | | |
Willis North America, Inc., 5.05%, 9/15/48 | | | | | 136,000 | | | | | | 135,570 | | |
XLIT Ltd., 5.50%, 3/31/45 | | | | | 185,000 | | | | | | 195,211 | | |
ZB NA, 3.50%, 8/27/21 | | | | | 500,000 | | | | | | 497,073 | | |
Total Financial | | | | | | | | | | | 68,155,504 | | |
INDUSTRIAL – 5.2% | | ||||||||||||
3M Co., 2.52%, 2/14/24 | | | | | 1,000,000 | | | | | | 997,937 | | |
3M Co., Senior Bond, 3.63%, 10/15/47 | | | | | 500,000 | | | | | | 470,539 | | |
ABB Finance USA, Inc., 3.38%, 4/3/23 | | | | | 331,000 | | | | | | 329,682 | | |
Allegion US Holding Co., Inc., 3.20%, 10/1/24 | | | | | 72,000 | | | | | | 67,264 | | |
Arconic, Inc., Senior Bond, 5.95%, 2/1/37 | | | | | 100,000 | | | | | | 99,313 | | |
Arconic, Inc., Senior Note, 5.13%, 10/1/24 | | | | | 100,000 | | | | | | 100,674 | | |
Arconic, Inc., Senior Note, 5.90%, 2/1/27 | | | | | 175,000 | | | | | | 178,082 | | |
ARD Finance S.A., Senior Secured Note, PIK (7.125% Cash or 7.875% PIK), 7.13%, 9/15/23(e) | | | | | 200,000 | | | | | | 202,500 | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 6.00%, 2/15/25(a) | | | | | 400,000 | | | | | | 392,800 | | |
Berry Global, Inc., 6.00%, 10/15/22 | | | | | 150,000 | | | | | | 154,500 | | |
BlueLine Rental Finance Corp./BlueLine Rental LLC, Secured Note, 9.25%, 3/15/24(a) | | | | | 300,000 | | | | | | 314,812 | | |
BMC East LLC, Senior Secured Note, 5.50%, 10/1/24(a) | | | | | 150,000 | | | | | | 144,937 | | |
Bombardier, Inc., Senior Note, 6.00%, 10/15/22(a) | | | | | 250,000 | | | | | | 250,625 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Bombardier, Inc., Senior Note, 7.50%, 3/15/25(a) | | | | $ | 100,000 | | | | | $ | 103,125 | | |
Bombardier, Inc., Senior Note, 7.75%, 3/15/20(a) | | | | | 150,000 | | | | | | 156,844 | | |
Bombardier, Inc., Senior Note, 8.75%, 12/1/21(a) | | | | | 200,000 | | | | | | 221,170 | | |
Brand Industrial Services, Inc., Senior Note, 8.50%, 7/15/25(a) | | | | | 100,000 | | | | | | 102,788 | | |
Builders FirstSource, Inc., Senior Secured Note, 5.63%, 9/1/24(a) | | | | | 150,000 | | | | | | 144,187 | | |
BWAY Holding Co., Senior Note, 7.25%, 4/15/25(a) | | | | | 275,000 | | | | | | 268,097 | | |
BWX Technologies, Inc., 5.38%, 7/15/26(a) | | | | | 50,000 | | | | | | 50,188 | | |
Caterpillar Financial Services Corp., 3.15%, 9/7/21 | | | | | 111,000 | | | | | | 110,810 | | |
Caterpillar Financial Services Corp., Senior Note, 2.55%, 11/29/22 | | | | | 198,000 | | | | | | 192,128 | | |
Caterpillar Financial Services Corp., Senior Note, 3.45%, 5/15/23 | | | | | 278,000 | | | | | | 277,979 | | |
CH Robinson Worldwide, Inc., Senior Note, 4.20%, 4/15/28 | | | | | 212,000 | | | | | | 209,187 | | |
Cloud Crane LLC, 10.13%, 8/1/24 | | | | | 100,000 | | | | | | 109,500 | | |
CNH Industrial Capital LLC, 4.20%, 1/15/24 | | | | | 768,000 | | | | | | 763,934 | | |
CNH Industrial N.V., Senior Note, 3.85%, 11/15/27 | | | | | 251,000 | | | | | | 237,363 | | |
Corning, Inc., Senior Bond, 4.38%, 11/15/57 | | | | | 500,000 | | | | | | 437,102 | | |
DAE Funding LLC, 4.50%, 8/1/22(a) | | | | | 350,000 | | | | | | 341,250 | | |
Energizer Gamma Acquisition, Inc., 6.38%, 7/15/26(a) | | | | | 50,000 | | | | | | 51,688 | | |
Energizer Holdings, Inc., 5.50%, 6/15/25 | | | | | 75,000 | | | | | | 74,625 | | |
FedEx Corp., 4.05%, 2/15/48 | | | | | 127,000 | | | | | | 113,682 | | |
Flex Acquisition Co., Inc., Senior Note, 7.88%, 7/15/26(a) | | | | | 50,000 | | | | | | 49,375 | | |
Fortress Transportation & Infrastructure Investors LLC, 6.50%, 10/1/25 | | | | | 50,000 | | | | | | 49,648 | | |
frontdoor, Inc., 6.75%, 8/15/26 | | | | | 50,000 | | | | | | 51,500 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
GATX Corp., Senior Note, 3.06%, 11/5/21 (0.72% + 3 month USD LIBOR)(c) | | | | $ | 1,500,000 | | | | | $ | 1,503,282 | | |
GATX Corp., Senior Note, 3.25%, 9/15/26 | | | | | 9,000 | | | | | | 8,279 | | |
General Dynamics Corp., 2.88%, 5/11/20 | | | | | 234,000 | | | | | | 233,427 | | |
Griffon Corp., 5.25%, 3/1/22 | | | | | 150,000 | | | | | | 148,312 | | |
Harris Corp., Senior Note, 4.40%, 6/15/28 | | | | | 234,000 | | | | | | 234,707 | | |
Jabil, Inc., Senior Note, 3.95%, 1/12/28 | | | | | 32,000 | | | | | | 29,981 | | |
James Hardie International Finance DAC, Senior Note, 4.75%, 1/15/25(a) | | | | | 150,000 | | | | | | 145,155 | | |
Jeld-Wen, Inc., 4.63%, 12/15/25(a) | | | | | 150,000 | | | | | | 138,375 | | |
John Deere Capital Corp., Senior Note, 2.05%, 3/10/20 | | | | | 68,000 | | | | | | 67,041 | | |
John Deere Capital Corp., Senior Note, 2.35%, 1/8/21 | | | | | 239,000 | | | | | | 234,886 | | |
Kansas City Southern, 4.30%, 5/15/43 | | | | | 663,000 | | | | | | 621,731 | | |
Kansas City Southern, 4.70%, 5/1/48 | | | | | 240,000 | | | | | | 238,390 | | |
Kirby Corp., Senior Note, 4.20%, 3/1/28 | | | | | 212,000 | | | | | | 207,101 | | |
Martin Marietta Materials, Inc., Senior Bond, 4.25%, 12/15/47 | | | | | 95,000 | | | | | | 81,001 | | |
Masco Corp., Senior Bond, 4.50%, 5/15/47 | | | | | 179,000 | | | | | | 153,554 | | |
Mueller Water Products, Inc., Senior Note, 5.50%, 6/15/26(a) | | | | | 100,000 | | | | | | 100,500 | | |
Multi-Color Corp., 6.13%, 12/1/22(a) | | | | | 200,000 | | | | | | 204,500 | | |
New Enterprise Stone & Lime Co., Inc., Senior Note, 10.13%, 4/1/22(a) | | | | | 125,000 | | | | | | 133,828 | | |
New Enterprise Stone & Lime Co., Inc., Senior Secured Note, 6.25%, 3/15/26(a) | | | | | 100,000 | | | | | | 100,750 | | |
Norfolk Southern Corp., 5.10%, 8/1/2118 | | | | | 197,000 | | | | | | 194,110 | | |
Novelis Corp., 5.88%, 9/30/26(a) | | | | | 200,000 | | | | | | 195,250 | | |
Nvent Finance Sarl, 4.55%, 4/15/28(a) | | | | | 171,000 | | | | | | 166,385 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Owens Corning, 4.30%, 7/15/47 | | | | $ | 437,000 | | | | | $ | 352,048 | | |
Owens Corning, 4.40%, 1/30/48 | | | | | 111,000 | | | | | | 91,783 | | |
Owens-Brockway Glass Container, Inc., 5.00%, 1/15/22(a) | | | | | 150,000 | | | | | | 151,312 | | |
Owens-Brockway Glass Container, Inc., 6.38%, 8/15/25 | | | | | 50,000 | | | | | | 51,375 | | |
Park Aerospace Holdings Ltd., 5.25%, 8/15/22(a) | | | | | 150,000 | | | | | | 151,500 | | |
Park-Ohio Industries, Inc., 6.63%, 4/15/27 | | | | | 90,000 | | | | | | 92,250 | | |
Penske Truck Leasing Co. L.P./PTL Finance Corp., Senior Note, 3.95%, 3/10/25(a) | | | | | 306,000 | | | | | | 299,728 | | |
Penske Truck Leasing Co. L.P./PTL Finance Corp., Senior Note, 4.13%, 8/1/23(a) | | | | | 330,000 | | | | | | 329,395 | | |
PGT Escrow Issuer, Inc., 6.75%, 8/1/26 | | | | | 50,000 | | | | | | 51,875 | | |
Reynolds Group Issuer, Inc./ Reynolds Group Issuer LLC/ Reynolds Group Issuer Lu, Senior Secured Note, 5.13%, 7/15/23(a) | | | | | 250,000 | | | | | | 248,625 | | |
Rockwell Automation, Inc., Senior Note, 2.88%, 3/1/25 | | | | | 600,000 | | | | | | 569,605 | | |
Rockwell Collins, Inc., Senior Bond, 4.35%, 4/15/47 | | | | | 555,000 | | | | | | 528,764 | | |
Roper Technologies, Inc., 4.20%, 9/15/28 | | | | | 403,000 | | | | | | 400,763 | | |
Siemens Financieringsmaatschappij N.V., 2.20%, 3/16/20(a) | | | | | 370,000 | | | | | | 365,460 | | |
SPX FLOW, Inc., 5.63%, 8/15/24(a) | | | | | 68,000 | | | | | | 68,333 | | |
Standard Industries, Inc., Senior Note, 4.75%, 1/15/28(a) | | | | | 75,000 | | | | | | 69,278 | | |
Standard Industries, Inc., Senior Note, 5.38%, 11/15/24(a) | | | | | 215,000 | | | | | | 214,731 | | |
Stevens Holding Co., Inc., 6.13%, 10/1/26 | | | | | 25,000 | | | | | | 25,406 | | |
Summit Materials LLC/ Summit Materials Finance Corp., 5.13%, 6/1/25(a) | | | | | 55,000 | | | | | | 51,563 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Summit Materials LLC/ Summit Materials Finance Corp., 6.13%, 7/15/23 | | | | $ | 100,000 | | | | | $ | 101,418 | | |
Tennant Co., 5.63%, 5/1/25 | | | | | 200,000 | | | | | | 202,500 | | |
Timken Co. (The), 4.50%, 12/15/28 | | | | | 115,000 | | | | | | 112,879 | | |
TopBuild Corp., 5.63%, 5/1/26(a) | | | | | 125,000 | | | | | | 122,187 | | |
TransDigm, Inc., 6.00%, 7/15/22 | | | | | 100,000 | | | | | | 101,625 | | |
TransDigm, Inc., 6.50%, 5/15/25 | | | | | 200,000 | | | | | | 203,750 | | |
Trimble, Inc., 4.75%, 12/1/24 | | | | | 23,000 | | | | | | 23,284 | | |
Trimble, Inc., Senior Note, 4.15%, 6/15/23 | | | | | 600,000 | | | | | | 600,266 | | |
Trimble, Inc., Senior Note, 4.90%, 6/15/28 | | | | | 245,000 | | | | | | 246,272 | | |
Triumph Group, Inc., 5.25%, 6/1/22 | | | | | 150,000 | | | | | | 141,375 | | |
Union Pacific Corp., Senior Bond, 4.38%, 9/10/38 | | | | | 600,000 | | | | | | 609,403 | | |
Union Pacific Corp., Senior Bond, 4.38%, 11/15/65 | | | | | 425,000 | | | | | | 392,635 | | |
Union Pacific Corp., Senior Bond, 4.50%, 9/10/48 | | | | | 180,000 | | | | | | 182,894 | | |
Union Pacific Railroad Co. 2015-1 Pass Through Trust, 2.70%, 5/12/27 | | | | | 558,827 | | | | | | 517,259 | | |
United Parcel Service, Inc., Senior Bond, 3.40%, 11/15/46 | | | | | 1,135,000 | | | | | | 980,763 | | |
United Parcel Service, Inc., Senior Note, 2.79%, 4/1/23 (0.45% + 3 month USD LIBOR)(c) | | | | | 1,030,000 | | | | | | 1,034,234 | | |
United Technologies Corp., 3.95%, 8/16/25 | | | | | 131,000 | | | | | | 130,169 | | |
United Technologies Corp., 4.13%, 11/16/28 | | | | | 165,000 | | | | | | 163,890 | | |
United Technologies Corp., Senior Note, 1.90%, 5/4/20 | | | | | 225,000 | | | | | | 220,460 | | |
US Concrete, Inc., 6.38%, 6/1/24 | | | | | 150,000 | | | | | | 151,755 | | |
Valmont Industries, Inc., 5.00%, 10/1/44 | | | | | 6,000 | | | | | | 5,454 | | |
Vertiv Group Corp., Senior Note, 9.25%, 10/15/24(a) | | | | | 100,000 | | | | | | 104,000 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Vertiv Intermediate Holding Corp., Senior Note, PIK (12.00% Cash or 13.00% PIK), 12.00%, 2/15/22(a)(e) | | | | $ | 200,000 | | | | | $ | 204,500 | | |
Vulcan Materials Co., Senior Bond, 4.70%, 3/1/48(a) | | | | | 196,000 | | | | | | 179,635 | | |
Waste Management, Inc., 3.90%, 3/1/35 | | | | | 250,000 | | | | | | 243,998 | | |
Weekley Homes LLC/Weekley Finance Corp., Senior Note, 6.00%, 2/1/23 | | | | | 150,000 | | | | | | 145,125 | | |
WestRock Co., 3.00%, 9/15/24(a) | | | | | 500,000 | | | | | | 472,535 | | |
WestRock Co., 3.38%, 9/15/27(a) | | | | | 525,000 | | | | | | 491,613 | | |
XPO Logistics, Inc., 6.13%, 9/1/23 | | | | | 100,000 | | | | | | 103,625 | | |
XPO Logistics, Inc., 6.50%, 6/15/22(a) | | | | | 169,000 | | | | | | 174,492 | | |
Total Industrial | | | | | | | | | | | 25,438,169 | | |
TECHNOLOGY – 2.1% | | ||||||||||||
ACI Worldwide, Inc., 5.75%, 8/15/26 | | | | | 50,000 | | | | | | 50,813 | | |
Advanced Micro Devices, Inc., Senior Note, 7.00%, 7/1/24 | | | | | 350,000 | | | | | | 369,250 | | |
Apple, Inc., Senior Bond, 3.85%, 8/4/46 | | | | | 325,000 | | | | | | 311,135 | | |
Apple, Inc., Senior Note, 2.85%, 5/6/21 | | | | | 251,000 | | | | | | 249,730 | | |
Apple, Inc., Senior Note, 2.85%, 2/23/23 | | | | | 500,000 | | | | | | 491,078 | | |
Apple, Inc., Senior Note, 3.00%, 6/20/27 | | | | | 500,000 | | | | | | 475,505 | | |
BMC Software Finance, Inc., Senior Note, 8.13%, 7/15/21(a) | | | | | 100,000 | | | | | | 102,210 | | |
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 1/15/24 | | | | | 275,000 | | | | | | 266,693 | | |
Camelot Finance S.A., Senior Note, 7.88%, 10/15/24(a) | | | | | 125,000 | | | | | | 124,598 | | |
CDK Global, Inc., Senior Note, 5.88%, 6/15/26 | | | | | 50,000 | | | | | | 51,644 | | |
CDW LLC/CDW Finance Corp., 5.00%, 9/1/25 | | | | | 200,000 | | | | | | 199,250 | | |
Dell International LLC/EMC Corp., 5.88%, 6/15/21(a) | | | | | 250,000 | | | | | | 257,500 | | |
Dell International LLC/EMC Corp., Senior Secured Bond, 8.10%, 7/15/36(a) | | | | | 583,000 | | | | | | 698,960 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
TECHNOLOGY – (continued) | | ||||||||||||
Donnelley Financial Solutions, Inc., 8.25%, 10/15/24 | | | | $ | 200,000 | | | | | $ | 211,125 | | |
EMC Corp., Senior Note, 2.65%, 6/1/20 | | | | | 546,000 | | | | | | 536,047 | | |
Everi Payments, Inc., 7.50%, 12/15/25(a) | | | | | 100,000 | | | | | | 101,000 | | |
Exela Intermediate LLC/Exela Finance, Inc., Senior Secured Note, 10.00%, 7/15/23(a) | | | | | 150,000 | | | | | | 159,937 | | |
First Data Corp., 5.38%, 8/15/23 | | | | | 175,000 | | | | | | 177,669 | | |
First Data Corp., 7.00%, 12/1/23(a) | | | | | 600,000 | | | | | | 624,750 | | |
First Data Corp., Secured Note, 5.75%, 1/15/24(a) | | | | | 100,000 | | | | | | 101,275 | | |
Fiserv, Inc., 4.20%, 10/1/28 | | | | | 163,000 | | | | | | 163,238 | | |
Harland Clarke Holdings Corp., Senior Note, 9.25%, 3/1/21(a) | | | | | 250,000 | | | | | | 236,250 | | |
Harland Clarke Holdings Corp., Senior Secured Note, 8.38%, 8/15/22(a) | | | | | 100,000 | | | | | | 95,875 | | |
Hewlett Packard Enterprise Co., Senior Bond, 6.20%, 10/15/35 | | | | | 159,000 | | | | | | 163,289 | | |
IBM Credit LLC, Senior Note, 2.65%, 2/5/21 | | | | | 880,000 | | | | | | 870,030 | | |
Infor US, Inc., 6.50%, 5/15/22 | | | | | 350,000 | | | | | | 354,742 | | |
Intel Corp., Senior Note, 2.45%, 7/29/20 | | | | | 424,000 | | | | | | 420,354 | | |
International Business Machines Corp., 2.50%, 1/27/22 | | | | | 270,000 | | | | | | 262,871 | | |
j2 Cloud Services LLC/j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(a) | | | | | 150,000 | | | | | | 153,938 | | |
Microsoft Corp., Senior Bond, 3.95%, 8/8/56 | | | | | 325,000 | | | | | | 317,379 | | |
NCR Corp., 5.88%, 12/15/21 | | | | | 100,000 | | | | | | 101,000 | | |
NXP B.V./NXP Funding LLC, 4.13%, 6/1/21(a) | | | | | 200,000 | | | | | | 200,650 | | |
Oracle Corp., Senior Bond, 4.00%, 7/15/46 | | | | | 250,000 | | | | | | 237,856 | | |
Oracle Corp., Senior Note, 2.95%, 11/15/24 | | | | | 305,000 | | | | | | 294,472 | | |
Qorvo, Inc., 5.50%, 7/15/26 | | | | | 100,000 | | | | | | 101,513 | | |
Qorvo, Inc., 7.00%, 12/1/25 | | | | | 3,000 | | | | | | 3,248 | | |
QUALCOMM, Inc., 3.45%, 5/20/25 | | | | | 210,000 | | | | | | 204,074 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
TECHNOLOGY – (continued) | | ||||||||||||
Rackspace Hosting, Inc., 8.63%, 11/15/24(a) | | | | $ | 100,000 | | | | | $ | 97,375 | | |
Solera LLC/Solera Finance, Inc., Senior Note, 10.50%, 3/1/24(a) | | | | | 150,000 | | | | | | 164,370 | | |
Western Digital Corp., 4.75%, 2/15/26 | | | | | 250,000 | | | | | | 241,769 | | |
Total Technology | | | | | | | | | | | 10,244,462 | | |
UTILITIES – 5.4% | | ||||||||||||
AEP Transmission Co. LLC, 4.25%, 9/15/48 | | | | | 425,000 | | | | | | 423,474 | | |
Alabama Power Co., Senior Bond, Series A, 4.30%, 7/15/48 | | | | | 280,000 | | | | | | 280,092 | | |
Alliant Energy Finance LLC, 3.75%, 6/15/23(a) | | | | | 300,000 | | | | | | 298,604 | | |
American Electric Power Co., Inc., Senior Note, 3.20%, 11/13/27 | | | | | 198,000 | | | | | | 185,389 | | |
AmeriGas Partners L.P./ AmeriGas Finance Corp., Senior Note, 5.50%, 5/20/25 | | | | | 150,000 | | | | | | 147,375 | | |
Avangrid, Inc., Senior Note, 3.15%, 12/1/24 | | | | | 120,000 | | | | | | 114,350 | | |
Calpine Corp., 5.25%, 6/1/26 | | | | | 200,000 | | | | | | 185,250 | | |
Calpine Corp., 6.00%, 1/15/22 | | | | | 150,000 | | | | | | 151,612 | | |
Calpine Corp., Senior Note, 5.38%, 1/15/23 | | | | | 300,000 | | | | | | 282,000 | | |
Calpine Corp., Senior Note, 5.50%, 2/1/24 | | | | | 150,000 | | | | | | 133,875 | | |
Clearway Energy Operating LLC, 5.75%, 10/15/25 | | | | | 525,000 | | | | | | 529,922 | | |
Comision Federal de Electricidad, Senior Note, 4.88%, 1/15/24(a) | | | | | 200,000 | | | | | | 203,006 | | |
Commonwealth Edison Co., 3.70%, 8/15/28 | | | | | 820,000 | | | | | | 817,521 | | |
Connecticut Light & Power Co. (The), 2.50%, 1/15/23 | | | | | 1,000,000 | | | | | | 965,605 | | |
Connecticut Light & Power Co. (The), 4.00%, 4/1/48 | | | | | 500,000 | | | | | | 491,871 | | |
Consolidated Edison Co. of New York, Inc., Senior Bond, 3.85%, 6/15/46 | | | | | 397,000 | | | | | | 369,525 | | |
Consumers Energy Co., 3.95%, 7/15/47 | | | | | 397,000 | | | | | | 384,483 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Dominion Energy, Inc., Junior Subordinated Bond, 5.75%, 10/1/54 (6.13% fixed rate until 4/30/24; 3.33% + 3 month USD LIBOR thereafter)(c) | | | | $ | 108,000 | | | | | $ | 112,352 | | |
Dominion Energy, Inc., Senior Note, 2.91%, 5/15/20 (0.60% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 1,000,420 | | |
Dominion Energy, Inc., Senior Note, Series D, 2.85%, 8/15/26 | | | | | 198,000 | | | | | | 180,170 | | |
DOMINION ENERGY, Inc. SR UNSECURED 06/28 4.25, Senior Note, 4.25%, 6/1/28 | | | | | 270,000 | | | | | | 270,724 | | |
DTE Electric Co., Series A, 4.05%, 5/15/48 | | | | | 397,000 | | | | | | 390,118 | | |
Duke Energy Florida LLC, 3.80%, 7/15/28 | | | | | 550,000 | | | | | | 549,091 | | |
Duke Energy Progress LLC, 2.80%, 5/15/22 | | | | | 183,000 | | | | | | 179,473 | | |
Electricite de France S.A., Senior Note, 2.35%, 10/13/20(a) | | | | | 22,000 | | | | | | 21,605 | | |
Electricite de France S.A., Senior Note, 3.63%, 10/13/25(a) | | | | | 500,000 | | | | | | 483,488 | | |
Entergy Louisiana LLC, 4.20%, 9/1/48 | | | | | 510,000 | | | | | | 505,865 | | |
Exelon Corp., Junior Subordinated Note, 3.50%, 6/1/22 | | | | | 173,000 | | | | | | 169,962 | | |
FirstEnergy Corp., Senior Bond, Series C, 4.85%, 7/15/47 | | | | | 418,000 | | | | | | 424,524 | | |
FirstEnergy Corp., Senior Bond, Series C, 7.38%, 11/15/31 | | | | | 649,000 | | | | | | 837,124 | | |
FirstEnergy Corp., Senior Note, Series B, 3.90%, 7/15/27 | | | | | 225,000 | | | | | | 218,759 | | |
Fortis, Inc., Senior Note, 2.10%, 10/4/21 | | | | | 504,000 | | | | | | 481,458 | | |
Fortis, Inc., Senior Note, 3.06%, 10/4/26 | | | | | 330,000 | | | | | | 302,640 | | |
Georgia Power Co., Senior Note, Series C, 2.00%, 9/8/20 | | | | | 149,000 | | | | | | 145,263 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Interstate Power & Light Co., Senior Bond, 3.70%, 9/15/46 | | | | $ | 1,000,000 | | | | | $ | 899,301 | | |
Interstate Power & Light Co., Senior Note, 3.25%, 12/1/24 | | | | | 1,000,000 | | | | | | 969,827 | | |
Israel Electric Corp. Ltd., Senior Secured Note, 6.88%, 6/21/23(a) | | | | | 400,000 | | | | | | 438,060 | | |
KeySpan Gas East Corp., 2.74%, 8/15/26(a) | | | | | 500,000 | | | | | | 459,904 | | |
MidAmerican Energy Co., 3.10%, 5/1/27 | | | | | 653,000 | | | | | | 621,767 | | |
MidAmerican Energy Co., 3.95%, 8/1/47 | | | | | 500,000 | | | | | | 478,740 | | |
Nevada Power Co., Series BB, 2.75%, 4/15/20 | | | | | 160,000 | | | | | | 159,543 | | |
New England Power Co., Senior Bond, 3.80%, 12/5/47(a) | | | | | 500,000 | | | | | | 461,762 | | |
NextEra Energy Operating Partners L.P., 4.25%, 9/15/24(a) | | | | | 250,000 | | | | | | 245,000 | | |
NextEra Energy Operating Partners L.P., 4.50%, 9/15/27(a) | | | | | 250,000 | | | | | | 239,375 | | |
NiSource, Inc., Senior Bond, 4.38%, 5/15/47 | | | | | 95,000 | | | | | | 90,571 | | |
NRG Energy, Inc., 6.63%, 1/15/27 | | | | | 150,000 | | | | | | 157,425 | | |
NRG Yield Operating LLC, 5.00%, 9/15/26 | | | | | 150,000 | | | | | | 143,625 | | |
Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28 | | | | | 720,000 | | | | | | 717,095 | | |
Pacific Gas & Electric Co., 3.30%, 12/1/27 | | | | | 303,000 | | | | | | 276,852 | | |
Pacific Gas & Electric Co., Senior Bond, 4.45%, 4/15/42 | | | | | 100,000 | | | | | | 92,291 | | |
PacifiCorp, 4.13%, 1/15/49 | | | | | 135,000 | | | | | | 132,346 | | |
PPL Electric Utilities Corp., 4.15%, 6/15/48 | | | | | 85,000 | | | | | | 84,440 | | |
PSEG Power LLC, 3.85%, 6/1/23 | | | | | 1,110,000 | | | | | | 1,105,714 | | |
Public Service Co. of Colorado, 3.70%, 6/15/28 | | | | | 193,000 | | | | | | 192,891 | | |
Public Service Co. of Colorado, 4.10%, 6/15/48 | | | | | 619,000 | | | | | | 614,663 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Puget Sound Energy, Inc., 4.22%, 6/15/48 | | | | $ | 220,000 | | | | | $ | 220,514 | | |
Sempra Energy, Senior Bond, 3.80%, 2/1/38 | | | | | 500,000 | | | | | | 450,463 | | |
Sempra Energy, Senior Note, 2.84%, 1/15/21 (0.50% + 3 month USD LIBOR)(c) | | | | | 358,000 | | | | | | 358,091 | | |
South Carolina Electric & Gas Co., 5.10%, 6/1/65 | | | | | 310,000 | | | | | | 309,936 | | |
Southern California Edison Co., 3.40%, 6/1/23 | | | | | 1,000,000 | | | | | | 990,181 | | |
Southern California Edison Co., Series C, 4.13%, 3/1/48 | | | | | 1,110,000 | | | | | | 1,059,203 | | |
Southern California Gas Co., Series VV, 4.30%, 1/15/49 | | | | | 75,000 | | | | | | 76,510 | | |
Southern Power Co., Senior Note, 4.15%, 12/1/25 | | | | | 500,000 | | | | | | 492,290 | | |
Star Energy Geothermal Wayang Windu Ltd., Senior Secured Bond, 6.75%, 4/24/33(a) | | | | | 500,000 | | | | | | 473,138 | | |
Talen Energy Supply LLC, 10.50%, 1/15/26(a) | | | | | 100,000 | | | | | | 90,500 | | |
Tampa Electric Co., Senior Bond, 4.30%, 6/15/48 | | | | | 500,000 | | | | | | 496,073 | | |
Vistra Energy Corp., 7.38%, 11/1/22 | | | | | 175,000 | | | | | | 182,031 | | |
Vistra Operations Co. LLC, 5.50%, 9/1/26 | | | | | 275,000 | | | | | | 278,094 | | |
Total Utilities | | | | | | | | | | | 26,295,206 | | |
TOTAL CORPORATE BONDS (Cost: $237,245,181) | | | | | | | | | | | 236,564,775 | | |
ASSET-BACKED SECURITIES – 13.0% | | ||||||||||||
Allegro CLO IV Ltd., Series 2016-1A, Class A, 3.74%, 1/15/29 (1.40% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 1,000,707 | | |
Ally Auto Receivables Trust, Series 2018-3, Class A3, 3.00%, 1/17/23 | | | | | 1,200,000 | | | | | | 1,197,991 | | |
Americredit Automobile Receivables Trust 2018-2, Series 2018-2, Class C, ABS, 3.59%, 6/18/24 | | | | | 500,000 | | | | | | 498,386 | | |
Atlas Senior Loan Fund XI Ltd., Series 2018-11A, Class A1L, 3.44%, 7/26/31 (1.10% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 999,898 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Avis Budget Rental Car Funding AESOP LLC, Series 2016-1A, Class A, 2.99%, 6/20/22(a) | | | | $ | 1,100,000 | | | | | $ | 1,085,858 | | |
Battalion CLO VII Ltd., Series 2014-7A, Class A1RR, ABS, 3.38%, 7/17/28 | | | | | 500,000 | | | | | | 499,993 | | |
Battalion CLO XI Ltd., Series 2017-11A, Class A, 3.59%, 10/24/29 (1.25% + 3 month USD LIBOR)(a)(c) | | | | | 500,000 | | | | | | 500,680 | | |
Business Jet Securities LLC, Series 2018-2, Class B, 5.44%, 6/15/33(a) | | | | | 1,192,614 | | | | | | 1,194,417 | | |
Capital Automotive REIT, Series 2014-1A, Class A, 3.66%, 10/15/44(a) | | | | | 1,000,000 | | | | | | 984,742 | | |
Catamaran CLO Ltd., Series 2014-1A, Class A1AR, 3.61%, 4/22/30 (1.26% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 999,998 | | |
Cazenovia Creek Funding II LLC, Series 2018-1A, Class A, ABS, 3.56%, 7/15/30 | | | | | 1,199,344 | | | | | | 1,196,187 | | |
Chesapeake Funding II LLC, Series 2018-1A, Class A1, 3.04%, 4/15/30(a) | | | | | 1,100,000 | | | | | | 1,097,230 | | |
CIFC Funding 2014-V Ltd., Series 2014-5A, Class A1R2, ABS, 3.63%, 10/17/31 | | | | | 1,000,000 | | | | | | 1,000,000 | | |
Credit Acceptance Auto Loan Trust, Series 2018-1A, Class A, 3.01%, 2/16/27(a) | | | | | 1,000,000 | | | | | | 989,995 | | |
CSMC 2018-RPL8 Trust, Series 2018-RPL8, Class A1, ABS, 4.13%, 7/25/58 | | | | | 200,000 | | | | | | 199,275 | | |
Dell Equipment Finance Trust, Series 2018-1, Class A3, 3.18%, 6/22/23(a) | | | | | 1,100,000 | | | | | | 1,099,951 | | |
DLL LLC, Series 2018-1, Class A3, 3.10%, 4/18/22(a) | | | | | 1,100,000 | | | | | | 1,098,369 | | |
Dorchester Park CLO Ltd., Series 2015-1A, Class AR, 3.25%, 4/20/28 (3.25% fixed rate until 4/20/19; 0.90% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 1,000,000 | | | | | | 998,178 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Drive Auto Receivables Trust, Series 2018-2, Class B, 3.22%, 4/15/22 | | | | $ | 500,000 | | | | | $ | 499,446 | | |
Drive Auto Receivables Trust, Series 2018-4, Class B, ABS, 3.36%, 10/17/22 | | | | | 600,000 | | | | | | 600,167 | | |
Elevation CLO Ltd., Series 2014-2A, Class A1R, 3.57%, 10/15/29 (3.57% fixed rate until 10/15/19; 1.23% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 500,000 | | | | | | 501,497 | | |
Enterprise Fleet Financing LLC, Series 2017-2, Class A3, 2.22%, 1/20/23(a) | | | | | 1,300,000 | | | | | | 1,271,656 | | |
Flagship CLO VIII Ltd., Series 2014-8A, Class ARR, 3.19%, 1/16/26 (0.85% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 997,841 | | |
Ford Credit Auto Owner Trust, Series 2015-2, Class A, 2.44%, 1/15/27(a) | | | | | 1,100,000 | | | | | | 1,086,534 | | |
Ford Credit Auto Owner Trust 2017-REV2, Series 2017-2, Class A, ABS, 2.36%, 3/15/29 | | | | | 400,000 | | | | | | 383,561 | | |
Ford Credit Auto Owner Trust/Ford Credit, Series 2018-2, Class A, ABS, 3.47%, 1/15/30 | | | | | 400,000 | | | | | | 399,349 | | |
FREED ABS TRUST, Series 2018-1, Class A, 3.61%, 7/18/24(a) | | | | | 733,688 | | | | | | 732,555 | | |
FREED ABS TRUST, Series 2018-1, Class B, 4.56%, 7/18/24(a) | | | | | 190,000 | | | | | | 189,748 | | |
GM Financial Consumer Automobile Receivables Trust, Series 2017-2A, Class A4, 2.07%, 11/16/22(a) | | | | | 1,000,000 | | | | | | 975,372 | | |
HERO Funding Trust, Series 2016-1A, Class A, 4.05%, 9/20/41(a) | | | | | 531,844 | | | | | | 533,907 | | |
Hertz Vehicle Financing II L.P., Series 2016-2A, Class A, 2.95%, 3/25/22(a) | | | | | 1,000,000 | | | | | | 984,041 | | |
Jackson Mill CLO Ltd., Series 2015-1A, Class AR, 3.17%, 4/15/27 (0.83% + 3 month USD LIBOR)(a)(c) | | | | | 1,250,000 | | | | | | 1,246,641 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
JMP Credit Advisors Clo IV Ltd., Series 2017-1A, Class A, 3.71%, 7/17/29 (1.37% + 3 month USD LIBOR)(a)(c) | | | | $ | 250,000 | | | | | $ | 250,394 | | |
Lendmark Funding Trust, Series 2017-2A, Class A, 2.80%, 5/20/26(a) | | | | | 1,300,000 | | | | | | 1,280,203 | | |
LIAS Administration Fee Issuer LLC, Series 2018-1A, Class A, ABS, 5.96%, 7/25/48 | | | | | 1,300,000 | | | | | | 1,297,761 | | |
LTCG Securitization Issuer LLC, Series 2018-A, Class A, 4.59%, 6/15/48(a) | | | | | 1,185,453 | | | | | | 1,200,192 | | |
Mariner Finance Issuance Trust 2017-B, Series 2017-BA, Class A, ABS, 2.92%, 12/20/29 | | | | | 450,000 | | | | | | 443,353 | | |
MCA Fund II Holding LLC, Series 2017-1, Class A, 3.96%, 8/15/28 (1.65% + 3 month USD LIBOR)(a)(c) | | | | | 798,935 | | | | | | 798,927 | | |
Midocean Credit CLO IX, Series 2018-9A, Class A1, ABS, 3.40%, 7/20/31 | | | | | 500,000 | | | | | | 499,430 | | |
MMAF Equipment Finance LLC, Series 2018-A, Class A4, 3.39%, 1/10/25(a) | | | | | 100,000 | | | | | | 99,789 | | |
MMAF Equipment Finance LLC, Series 2018-A, Class A5, 3.61%, 3/10/42(a) | | | | | 100,000 | | | | | | 100,272 | | |
Mountain View CLO Ltd., Series 2015-9A, Class A1R, 3.46%, 7/15/31 (1.12% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 998,922 | | |
Mountain View CLO LLC, Series 2017-2A, Class A, 3.55%, 1/16/31 (1.21% + 3 month USD LIBOR)(a)(c) | | | | | 260,000 | | | | | | 259,997 | | |
Nationstar HECM Loan Trust 2018-2, Series 2018-2A, Class M1, ABS, 3.55%, 7/25/28 | | | | | 1,300,000 | | | | | | 1,296,113 | | |
Navient Private Education Refi Loan Trust 2018-C, Series 2018-CA, Class A2, ABS, 3.52%, 6/16/42 | | | | | 200,000 | | | | | | 198,491 | | |
New Residential Mortgage Loan Trust, Series 2018-RPL1, Class A1, 3.50%, 12/25/57(a) | | | | | 742,434 | | | | | | 735,094 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
NextGear Floorplan Master Owner Trust, Series 2017-1A, Class A2, 2.54%, 4/18/22(a) | | | | $ | 1,200,000 | | | | | $ | 1,187,502 | | |
OnDeck Asset Securitization Trust LLC, Series 2018-1A, Class A, 3.50%, 4/18/22(a) | | | | | 1,100,000 | | | | | | 1,096,782 | | |
OneMain Direct Auto Receivables Trust 2018-1, Series 2018-1A, Class A, ABS, 3.43%, 12/16/24 | | | | | 500,000 | | | | | | 499,357 | | |
Oportun Funding LLC, Series 2018-B, Class A, 3.91%, 7/8/24 | | | | | 750,000 | | | | | | 747,001 | | |
Oportun Funding LLC, Series 2018-B, Class B, 4.50%, 7/8/24 | | | | | 490,000 | | | | | | 487,693 | | |
OSCAR US Funding Trust IX LLC, Series 2018-2A, Class A3, ABS, 3.39%, 9/12/22 | | | | | 1,300,000 | | | | | | 1,295,250 | | |
OZLM IX Ltd., Series 2014-9A, Class A1R, 3.57%, 1/20/27 (1.22% + 3 month USD LIBOR)(a)(c) | | | | | 200,000 | | | | | | 199,806 | | |
PFS Financing Corp., Series 2017-BA, Class A2, 2.22%, 7/15/22(a) | | | | | 1,000,000 | | | | | | 980,135 | | |
Regional Management Issuance Trust, Series 2018-1, Class A, 3.83%, 7/15/27(a) | | | | | 750,000 | | | | | | 747,725 | | |
Regional Management Issuance Trust, Series 2018-1, Class B, 4.28%, 7/15/27(a) | | | | | 510,000 | | | | | | 508,012 | | |
Renew, Series 2018-1, Class A, 3.95%, 9/20/53(a) | | | | | 476,834 | | | | | | 474,330 | | |
Santander Drive Auto Receivables Trust, Series 2018-3, Class B, 3.29%, 10/17/22 | | | | | 1,200,000 | | | | | | 1,197,961 | | |
Saratoga Investment Corp. Ltd., Series 2013-1A, Class A1R, 3.90%, 10/20/25 (1.55% + 3 month USD LIBOR)(a)(c) | | | | | 250,000 | | | | | | 250,104 | | |
SBA Tower Trust, Series 2014-1A, Class C, 2.90%, 10/15/44(a) | | | | | 1,255,000 | | | | | | 1,252,506 | | |
Sierra Timeshare Funding LLC, Series 2015-3A, Class B, 3.08%, 9/20/32(a) | | | | | 437,474 | | | | | | 432,954 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Sierra Timeshare 2018-2 Receivables Funding LLC, Series 2018-2A, Class A, ABS, 3.50%, 6/20/35 | | | | $ | 273,067 | | | | | $ | 272,110 | | |
SMART Trust, Series 2016-2US, Class A4A, 2.05%, 12/14/22 | | | | | 515,000 | | | | | | 500,667 | | |
Sofi Professional Loan Program 2018-C Trust, Series 2018-C, Class A2FX, ABS, 3.59%, 1/25/48 | | | | | 700,000 | | | | | | 697,730 | | |
Sofi Professional Loan Program 2018-D Trust, Series 2018-D, Class A2FX, ABS, 3.60%, 2/25/48 | | | | | 900,000 | | | | | | 896,957 | | |
Sound Point CLO II Ltd., Series 2013-1A, Class A1R, 3.41%, 1/26/31 (1.07% + 3 month USD LIBOR)(a)(c) | | | | | 250,000 | | | | | | 249,148 | | |
Springleaf Funding Trust 2017-A, Series 2017-AA, Class A, ABS, 2.68%, 7/15/30 | | | | | 600,000 | | | | | | 587,968 | | |
SWC Funding LLC 2018-1, Series 2018-1A, Class A, ABS, 4.75%, 8/15/33 | | | | | 1,300,000 | | | | | | 1,286,533 | | |
Synchrony Credit Card Master Note Trust, Series 2017-1, Class A, 1.93%, 6/15/23 | | | | | 1,100,000 | | | | | | 1,078,246 | | |
Taco Bell Funding LLC, Series 2016-1A, Class A2II, 4.38%, 5/25/46(a) | | | | | 492,500 | | | | | | 497,400 | | |
TICP CLO IX Ltd., Series 2017-9A, Class A, 3.49%, 1/20/31 (1.14% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 998,525 | | |
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58(a)(c) | | | | | 282,373 | | | | | | 278,560 | | |
Towd Point Mortgage Trust, Series 2018-3, Class A1, 3.75%, 5/25/58(a)(c) | | | | | 382,675 | | | | | | 382,814 | | |
Towd Point Mortgage Trust 2018-5, Series 2018-5, Class A1, ABS, 3.25%, 8/25/58 | | | | | 100,000 | | | | | | 97,918 | | |
Trafigura Securitisation Finance PLC, Series 2017-1A, Class A2, 2.47%, 12/15/20(a) | | | | | 1,250,000 | | | | | | 1,223,655 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Trafigura Securitisation Finance PLC 2018-1, Series 2018-1A, Class A2, ABS, 3.73%, 3/15/22 | | | | $ | 200,000 | | | | | $ | 199,990 | | |
Vivint Colar Financing V LLC, Series 2018-1A, Class A, 4.73%, 4/30/48(a) | | | | | 250,000 | | | | | | 247,835 | | |
Vivint Colar Financing V LLC, Series 2018-1A, Class B, 7.37%, 4/30/48(a) | | | | | 1,000,000 | | | | | | 1,020,636 | | |
Volkswagen Auto Loan Enhanced Trust, Series 2018-1, Class A3, 3.02%, 11/21/22 | | | | | 1,250,000 | | | | | | 1,249,344 | | |
Wellfleet CLO Ltd., Series 2018-1A, Class A, 3.47%, 7/17/31 (1.10% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 994,403 | | |
Wendy’s Funding LLC, Series 2015-1A, Class A23, 4.50%, 6/15/45(a) | | | | | 485,000 | | | | | | 489,059 | | |
Wendy’s Funding LLC, Series 2015-1A, Class A2II, 4.08%, 6/15/45(a) | | | | | 485,000 | | | | | | 485,189 | | |
World Financial Network Credit Card Master Trust, Series 2015-B, Class A, 2.55%, 6/17/24 | | | | | 1,000,000 | | | | | | 987,355 | | |
Zais Clo 9 Ltd., Series 2018-2A, Class A, 3.72%, 7/20/31 (1.20% + 3 month USD LIBOR)(a)(c) | | | | | 1,000,000 | | | | | | 999,919 | | |
TOTAL ASSET-BACKED SECURITIES (Cost: $63,657,451) | | | | | 63,582,187 | | | ||||||
U.S. GOVERNMENT AGENCIES – 10.8% | | ||||||||||||
Federal Home Loan Mortgage Corp., 2.00%, 1/1/32 | | | | | 287,687 | | | | | | 269,588 | | |
Federal Home Loan Mortgage Corp., 3.00%, 1/1/32 | | | | | 399,037 | | | | | | 393,494 | | |
Federal Home Loan Mortgage Corp., 3.00%, 12/1/37 | | | | | 337,111 | | | | | | 326,262 | | |
Federal Home Loan Mortgage Corp., 3.00%, 1/1/43 | | | | | 1,065,784 | | | | | | 1,029,446 | | |
Federal Home Loan Mortgage Corp., 3.50%, 10/1/41 | | | | | 245,039 | | | | | | 243,000 | | |
Federal Home Loan Mortgage Corp., 3.50%, 10/1/42 | | | | | 895,176 | | | | | | 887,720 | | |
Federal Home Loan Mortgage Corp., 3.50%, 7/1/43 | | | | | 396,980 | | | | | | 393,677 | | |
Federal Home Loan Mortgage Corp., 3.50%, 7/1/45 | | | | | 527,735 | | | | | | 520,724 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal Home Loan Mortgage Corp., 3.50%, 8/1/46 | | | | $ | 1,191,700 | | | | | $ | 1,179,636 | | |
Federal Home Loan Mortgage Corp., 3.50%, 11/1/47 | | | | | 501,636 | | | | | | 493,954 | | |
Federal Home Loan Mortgage Corp., 3.50%, 3/1/48 | | | | | 1,996,278 | | | | | | 1,970,672 | | |
Federal Home Loan Mortgage Corp., 4.00%, 3/1/41 | | | | | 257,782 | | | | | | 262,573 | | |
Federal Home Loan Mortgage Corp., 4.00%, 6/1/42 | | | | | 488,247 | | | | | | 497,332 | | |
Federal Home Loan Mortgage Corp., 4.00%, 3/1/48 | | | | | 719,808 | | | | | | 731,419 | | |
Federal Home Loan Mortgage Corp., 4.00%, 7/1/48 | | | | | 123,439 | | | | | | 125,400 | | |
Federal Home Loan Mortgage Corp., 4.00%, 9/1/48 | | | | | 503,377 | | | | | | 508,558 | | |
Federal Home Loan Mortgage Corp., 4.00%, 10/1/48(h) | | | | | 1,000,000 | | | | | | 1,009,718 | | |
Federal Home Loan Mortgage Corp., 4.00%, 10/1/48 | | | | | 499,950 | | | | | | 504,373 | | |
Federal Home Loan Mortgage Corp., 4.00%, 11/1/48 | | | | | 500,000 | | | | | | 505,438 | | |
Federal Home Loan Mortgage Corp., 4.50%, 6/1/47 | | | | | 50,107 | | | | | | 52,748 | | |
Federal Home Loan Mortgage Corp., 4.50%, 7/1/47 | | | | | 252,187 | | | | | | 260,481 | | |
Federal Home Loan Mortgage Corp., 4.50%, 7/1/47 | | | | | 239,359 | | | | | | 247,230 | | |
Federal Home Loan Mortgage Corp., 4.50%, 8/1/48 | | | | | 409,645 | | | | | | 427,369 | | |
Federal Home Loan Mortgage Corp., 5.00%, 2/1/42 | | | | | 280,824 | | | | | | 298,284 | | |
Federal National Mortgage Association, 1.25%, 8/17/21 | | | | | 2,500,000 | | | | | | 2,387,995 | | |
Federal National Mortgage Association, 2.50%, 4/1/31 | | | | | 419,988 | | | | | | 405,597 | | |
Federal National Mortgage Association, 2.50%, 11/1/31 | | | | | 452,751 | | | | | | 437,238 | | |
Federal National Mortgage Association, 2.50%, 9/1/46 | | | | | 107,493 | | | | | | 99,515 | | |
Federal National Mortgage Association, 2.50%, 10/1/46 | | | | | 288,946 | | | | | | 267,500 | | |
Federal National Mortgage Association, 2.63%, 9/6/24 | | | | | 2,500,000 | | | | | | 2,436,145 | | |
Federal National Mortgage Association, 3.00%, 5/1/32 | | | | | 1,027,232 | | | | | | 1,015,719 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal National Mortgage Association, 3.00%, 11/1/32 | | | | $ | 665,745 | | | | | $ | 658,284 | | |
Federal National Mortgage Association, 3.00%, 5/1/43 | | | | | 626,407 | | | | | | 604,649 | | |
Federal National Mortgage Association, 3.00%, 11/1/46 | | | | | 454,487 | | | | | | 435,381 | | |
Federal National Mortgage Association, 3.00%, 1/1/47 | | | | | 678,789 | | | | | | 650,183 | | |
Federal National Mortgage Association, 3.50%, 8/1/33 | | | | | 500,000 | | | | | | 502,864 | | |
Federal National Mortgage Association, 3.50%, 8/1/43 | | | | | 244,234 | | | | | | 241,984 | | |
Federal National Mortgage Association, 3.50%, 12/1/45 | | | | | 982,688 | | | | | | 971,273 | | |
Federal National Mortgage Association, 3.50%, 12/1/45 | | | | | 709,232 | | | | | | 700,994 | | |
Federal National Mortgage Association, 3.50%, 12/1/46 | | | | | 301,842 | | | | | | 297,899 | | |
Federal National Mortgage Association, 3.50%, 1/1/47 | | | | | 425,438 | | | | | | 419,793 | | |
Federal National Mortgage Association, 3.50%, 4/1/47 | | | | | 1,315,244 | | | | | | 1,297,245 | | |
Federal National Mortgage Association, 3.50%, 8/1/47 | | | | | 2,518,615 | | | | | | 2,481,546 | | |
Federal National Mortgage Association, 3.50%, 11/1/47 | | | | | 214,326 | | | | | | 211,041 | | |
Federal National Mortgage Association, 4.00%, 9/1/40 | | | | | 432,044 | | | | | | 439,530 | | |
Federal National Mortgage Association, 4.00%, 3/1/41 | | | | | 731,543 | | | | | | 744,262 | | |
Federal National Mortgage Association, 4.00%, 12/1/45 | | | | | 544,660 | | | | | | 550,787 | | |
Federal National Mortgage Association, 4.00%, 12/1/47 | | | | | 527,787 | | | | | | 533,696 | | |
Federal National Mortgage Association, 4.00%, 2/1/48 | | | | | 496,715 | | | | | | 501,813 | | |
Federal National Mortgage Association, 4.00%, 4/1/48 | | | | | 2,482,515 | | | | | | 2,507,995 | | |
Federal National Mortgage Association, 4.00%, 9/1/48 | | | | | 500,000 | | | | | | 505,731 | | |
Federal National Mortgage Association, 4.00%, 10/1/48(h) | | | | | 500,000 | | | | | | 504,870 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal National Mortgage Association, 4.50%, 9/1/40 | | | | $ | 453,113 | | | | | $ | 471,560 | | |
Federal National Mortgage Association, 4.50%, 2/1/41 | | | | | 780,416 | | | | | | 812,188 | | |
Federal National Mortgage Association, 4.50%, 1/1/48 | | | | | 333,109 | | | | | | 347,090 | | |
Federal National Mortgage Association, 4.50%, 2/1/48 | | | | | 60,768 | | | | | | 63,328 | | |
Federal National Mortgage Association, 4.50%, 3/1/48 | | | | | 266,480 | | | | | | 277,793 | | |
Federal National Mortgage Association, 4.50%, 5/1/48 | | | | | 260,615 | | | | | | 271,764 | | |
Federal National Mortgage Association, 4.50%, 5/1/48 | | | | | 196,062 | | | | | | 204,450 | | |
Federal National Mortgage Association, 4.50%, 7/1/48 | | | | | 3,853 | | | | | | 3,976 | | |
Federal National Mortgage Association, 5.00%, 9/1/40 | | | | | 362,551 | | | | | | 385,770 | | |
Federal National Mortgage Association, 5.00%, 2/1/41 | | | | | 189,266 | | | | | | 201,365 | | |
Federal National Mortgage Association, 5.00%, 8/1/48 | | | | | 54,623 | | | | | | 58,212 | | |
Federal National Mortgage Association, 5.00%, 10/1/48(h) | | | | | 250,000 | | | | | | 262,441 | | |
Federal National Mortgage Association, 5.50%, 2/1/42 | | | | | 134,158 | | | | | | 144,026 | | |
Government National Mortgage Association, 2.50%, 12/20/46 | | | | | 138,528 | | | | | | 130,029 | | |
Government National Mortgage Association, 3.00%, 12/20/42 | | | | | 523,205 | | | | | | 511,333 | | |
Government National Mortgage Association, 3.00%, 12/20/45 | | | | | 230,181 | | | | | | 223,674 | | |
Government National Mortgage Association, 3.00%, 9/20/46 | | | | | 367,681 | | | | | | 357,001 | | |
Government National Mortgage Association, 3.00%, 10/20/46 | | | | | 760,953 | | | | | | 738,264 | | |
Government National Mortgage Association, 3.00%, 2/20/47 | | | | | 783,187 | | | | | | 759,555 | | |
Government National Mortgage Association, 3.00%, 12/20/47 | | | | | 1,149,943 | | | | | | 1,114,554 | | |
Government National Mortgage Association, 3.50%, 2/20/42 | | | | | 457,911 | | | | | | 458,129 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Government National Mortgage Association, 3.50%, 11/20/42 | | | | $ | 297,715 | | | | | $ | 297,734 | | |
Government National Mortgage Association, 3.50%, 8/20/45 | | | | | 161,383 | | | | | | 160,896 | | |
Government National Mortgage Association, 3.50%, 9/20/45 | | | | | 163,363 | | | | | | 162,870 | | |
Government National Mortgage Association, 3.50%, 4/20/46 | | | | | 245,587 | | | | | | 244,695 | | |
Government National Mortgage Association, 3.50%, 12/20/46 | | | | | 1,286,256 | | | | | | 1,279,996 | | |
Government National Mortgage Association, 3.50%, 1/20/47 | | | | | 488,821 | | | | | | 486,441 | | |
Government National Mortgage Association, 3.50%, 1/20/48 | | | | | 2,029,897 | | | | | | 2,019,974 | | |
Government National Mortgage Association, 4.00%, 11/20/40 | | | | | 243,591 | | | | | | 249,962 | | |
Government National Mortgage Association, 4.00%, 2/20/46 | | | | | 638,910 | | | | | | 654,390 | | |
Government National Mortgage Association, 4.00%, 3/20/46 | | | | | 245,498 | | | | | | 251,009 | | |
Government National Mortgage Association, 4.00%, 5/20/47 | | | | | 499,845 | | | | | | 510,218 | | |
Government National Mortgage Association, 4.00%, 8/20/47 | | | | | 251,323 | | | | | | 256,745 | | |
Government National Mortgage Association, 4.50%, 9/20/39 | | | | | 240,483 | | | | | | 252,435 | | |
Government National Mortgage Association, 4.50%, 7/20/41 | | | | | 134,192 | | | | | | 140,659 | | |
Government National Mortgage Association, 4.50%, 2/20/47 | | | | | 125,579 | | | | | | 131,404 | | |
Government National Mortgage Association, 4.50%, 1/20/48 | | | | | 1,014,768 | | | | | | 1,049,938 | | |
Government National Mortgage Association, 4.50%, 3/20/48 | | | | | 210,695 | | | | | | 217,997 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Government National Mortgage Association, 5.00%, 7/20/45 | | | | $ | 352,830 | | | | | $ | 373,805 | | |
Overseas Private Investment Corp., 2.74%, 9/15/29 | | | | | 532,437 | | | | | | 512,146 | | |
TOTAL U.S. GOVERNMENT AGENCIES (Cost: $53,186,640) | | | | | 53,000,441 | | | ||||||
U.S. GOVERNMENT OBLIGATIONS – 10.2% | | ||||||||||||
U.S. Treasury Bond, 2.75%, 8/15/47 | | | | | 610,000 | | | | | | 558,364 | | |
U.S. Treasury Bond, 3.00%, 5/15/47 | | | | | 1,075,000 | | | | | | 1,034,856 | | |
U.S. Treasury Bond, 3.00%, 2/15/48 | | | | | 415,000 | | | | | | 399,211 | | |
U.S. Treasury Bond, 3.13%, 5/15/48 | | | | | 1,505,000 | | | | | | 1,484,247 | | |
U.S. Treasury Coupon Strip, 0.00%, 2/15/37 | | | | | 4,000,000 | | | | | | 2,216,644 | | |
U.S. Treasury Coupon Strip, 0.00%, 5/15/37 | | | | | 5,100,000 | | | | | | 2,804,614 | | |
U.S. Treasury Note, 1.00%, 6/30/19 | | | | | 480,000 | | | | | | 474,656 | | |
U.S. Treasury Note, 1.63%, 4/30/19 | | | | | 1,570,000 | | | | | | 1,562,518 | | |
U.S. Treasury Note, 1.63%, 7/31/20 | | | | | 2,335,000 | | | | | | 2,285,746 | | |
U.S. Treasury Note, 1.88%, 4/30/22 | | | | | 7,000,000 | | | | | | 6,754,453 | | |
U.S. Treasury Note, 2.00%, 11/30/20 | | | | | 760,000 | | | | | | 746,552 | | |
U.S. Treasury Note, 2.13%, 9/30/21 | | | | | 3,630,000 | | | | | | 3,551,019 | | |
U.S. Treasury Note, 2.25%, 11/15/24 | | | | | 645,000 | | | | | | 618,192 | | |
U.S. Treasury Note, 2.38%, 8/15/24 | | | | | 6,700,000 | | | | | | 6,479,371 | | |
U.S. Treasury Note, 2.50%, 5/15/24 | | | | | 790,000 | | | | | | 770,620 | | |
U.S. Treasury Note, 2.63%, 8/31/20 | | | | | 1,555,000 | | | | | | 1,549,472 | | |
U.S. Treasury Note, 2.63%, 5/15/21 | | | | | 1,740,000 | | | | | | 1,729,261 | | |
U.S. Treasury Note, 2.75%, 7/31/23 | | | | | 1,150,000 | | | | | | 1,139,938 | | |
U.S. Treasury Note, 2.75%, 8/31/23 | | | | | 2,900,000 | | | | | | 2,874,852 | | |
U.S. Treasury Note, 2.75%, 6/30/25 | | | | | 633,000 | | | | | | 623,011 | | |
U.S. Treasury Note, 2.75%, 8/31/25 | | | | | 3,250,000 | | | | | | 3,196,807 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT OBLIGATIONS – (continued) | | ||||||||||||
U.S. Treasury Note, 2.75%, 2/15/28 | | | | $ | 250,000 | | | | | $ | 243,818 | | |
U.S. Treasury Note, 2.88%, 5/31/25 | | | | | 4,000,000 | | | | | | 3,967,656 | | |
U.S. Treasury Note, 2.88%, 7/31/25 | | | | | 2,185,000 | | | | | | 2,166,735 | | |
U.S. Treasury Note, 2.88%, 5/15/28 | | | | | 102,000 | | | | | | 100,474 | | |
U.S. Treasury Note, 2.88%, 8/15/28 | | | | | 872,000 | | | | | | 858,784 | | |
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $50,340,042) | | | | $ | 50,191,871 | | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – 9.3% | | ||||||||||||
20 Times Square Trust, Series 2018-20TS, Class E, 3.20%, 5/15/35(a)(c) | | | | | 210,000 | | | | | | 197,945 | | |
Banc of America Commercial Mortgage Trust 2015-UBS7, Series 2015-UBS7, Class C, 4.51%, 9/15/48 | | | | | 500,000 | | | | | | 502,243 | | |
Benchmark Mortgage Trust, 2018B4, Class A3, 3.89%, 7/15/51 | | | | | 500,000 | | | | | | 500,218 | | |
Benchmark Mortgage Trust, 2018B4, Class AM, 4.31%, 7/15/51 | | | | | 750,000 | | | | | | 769,736 | | |
CD 2016-CD2 Mortgage Trust, Series 2016-CD2, Class B, 3.88%, 11/10/49(c) | | | | | 500,000 | | | | | | 491,412 | | |
CGMS Commercial Mortgage Trust 2017-MDDR, Series 2017-MDRB, Class B, (1 month USD LIBOR + 1.750%), 3.91%, 7/15/30(c) | | | | | 1,300,000 | | | | | | 1,299,082 | | |
CIM Trust 2017-3, Series 2017-3, Class A1, CMO, 4.10%, 1/25/57 | | | | | 100,603 | | | | | | 102,644 | | |
Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class A3, 3.37%, 10/10/47 | | | | | 114,286 | | | | | | 112,989 | | |
Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A3, 2.65%, 7/10/49 | | | | | 114,286 | | | | | | 105,973 | | |
COBALT CMBS Commercial Mortgage Trust, Series 2007-C3, Class AJ, 6.02%, 5/15/46(c) | | | | | 224,539 | | | | | | 228,509 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
COMM Mortgage Trust, Series 2013-CR6, Class B, 3.40%, 3/10/46(a) | | | | $ | 500,000 | | | | | $ | 488,756 | | |
COMM Mortgage Trust, Series 2015-DC1, Class A5, 3.35%, 2/10/48 | | | | | 700,000 | | | | | | 686,766 | | |
COMM Mortgage Trust, Series 2018-COR3, Class A3, 4.23%, 5/10/51 | | | | | 500,000 | | | | | | 513,965 | | |
Csail Commercial Mortgage Trust, Series 2015-C2, Class A3, 3.23%, 6/15/57 | | | | | 142,824 | | | | | | 139,143 | | |
Csail Commercial Mortgage Trust, Series 2016-C5, Class B, 4.46%, 11/15/48(c) | | | | | 300,000 | | | | | | 302,647 | | |
DBJPM Mortgage Trust, Series 2016-C3, Class A4, 2.63%, 8/10/49 | | | | | 1,100,000 | | | | | | 1,022,841 | | |
DBUBS Mortgage Trust, Series 2011-LC1A, Class D, 5.88%, 11/10/46(a)(c) | | | | | 500,000 | | | | | | 519,965 | | |
Federal Home Loan Mortgage Corp., Series 2017-DNA1, Class M1, (1 month USD LIBOR + 1.200%), 3.42%, 7/25/29(c) | | | | | 302,894 | | | | | | 305,538 | | |
Federal Home Loan Mortgage Corp., Series 2017-DNA3, Class M1, 2.97%, 3/25/30(c) | | | | | 467,255 | | | | | | 469,063 | | |
Federal Home Loan Mortgage Corp., Series 2018-DNA1, Class M1, 2.67%, 7/25/30(c) | | | | | 485,873 | | | | | | 485,144 | | |
Federal Home Loan Mortgage Corp., Series 2018-SPI2, Class M1, 3.82%, 5/25/48(a)(c) | | | | | 9,382 | | | | | | 9,376 | | |
Federal Home Loan Mortgage Corp., Series 2018-SPI3, Class M1, CMO, 4.17%, 8/25/48 | | | | | 100,000 | | | | | | 100,244 | | |
Federal Home Loan Mortgage Corp., Series K063, Class AM, 3.51%, 1/25/27 | | | | | 500,000 | | | | | | 496,958 | | |
Federal Home Loan Mortgage Corp., Series K067, Class A2, 3.19%, 7/25/27 | | | | | 383,000 | | | | | | 372,778 | | |
Federal Home Loan Mortgage Corp., Series K069, Class AM, 3.25%, 9/25/27 | | | | | 875,000 | | | | | | 847,472 | | |
Federal Home Loan Mortgage Corp., Series K071, Class A2, 3.29%, 11/25/27 | | | | | 1,400,000 | | | | | | 1,368,943 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Federal Home Loan Mortgage Corp., Series K076, Class A2, 3.90%, 6/25/51 | | | | $ | 550,000 | | | | | $ | 562,843 | | |
Federal Home Loan Mortgage Corp., Series K076, Class AM, 3.90%, 6/25/51 | | | | | 325,000 | | | | | | 330,014 | | |
Federal Home Loan Mortgage Corp., Series K077, Class A2, 3.85%, 5/25/28(c) | | | | | 770,000 | | | | | | 784,365 | | |
Federal Home Loan Mortgage Corp., Series K077, Class AM, 3.85%, 5/25/28(c) | | | | | 150,000 | | | | | | 151,356 | | |
Federal Home Loan Mortgage Corp., Series K157, Class A2, 3.99%, 5/25/33 | | | | | 600,000 | | | | | | 611,717 | | |
Federal Home Loan Mortgage Corp., Series W5FX, Class AFX, 3.34%, 4/25/28(c) | | | | | 1,580,000 | | | | | | 1,528,873 | | |
Federal National Mortgage Association, Series 2014-C03, Class 1M2, CMO, (1 month USD LIBOR + 3.000%), 5.22%, 7/25/24(c) | | | | | 158,267 | | | | | | 169,680 | | |
Federal National Mortgage Association, Series 2018-C01, Class 1M1, 2.82%, 7/25/30(c) | | | | | 474,388 | | | | | | 475,029 | | |
Federal National Mortgage Association, Series 2018-C04, Class 2M1, 2.97%, 12/25/30(c) | | | | | 9,129 | | | | | | 9,143 | | |
Federal National Mortgage Association, Series 2018-C05, Class 1M1, CMO, 2.94%, 1/25/31 | | | | | 93,514 | | | | | | 93,684 | | |
Federal National Mortgage Association, Series 2018-M10, Class A1, 3.50%, 7/25/28 | | | | | 223,725 | | | | | | 223,494 | | |
Federal National Mortgage Association, Series 2018-M10, Class A2, 3.50%, 7/25/28 | | | | | 1,225,000 | | | | | | 1,203,222 | | |
Federal National Mortgage Association, Series 2018-M8, Class A2, 3.44%, 6/25/28(c) | | | | | 500,000 | | | | | | 487,990 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
FREDDIE MAC FHR 4835 A/S, 1.00%, 10/15/48 | | | | $ | 250,000 | | | | | $ | 262,148 | | |
FREMF Mortgage Trust, Series 2015-K46, Class B, 3.82%, 4/25/48(a)(c) | | | | | 225,000 | | | | | | 218,206 | | |
GS Mortgage Securities Corp. II, Series 2018-GS10, Class A3, 4.26%, 7/10/51 | | | | | 800,000 | | | | | | 815,512 | | |
GS Mortgage Securities Trust, Series 2010-C2, Class D, 5.35%, 12/10/43(a)(c) | | | | | 500,000 | | | | | | 507,125 | | |
GS Mortgage Securities Trust, Series 2015-GC34, Class A3, 3.24%, 10/10/48 | | | | | 1,100,000 | | | | | | 1,071,983 | | |
GS Mortgage Securities Trust, Series 2016-GS4, Class AS, 3.65%, 11/10/49(c) | | | | | 670,000 | | | | | | 654,453 | | |
GS Mortgage Securities Trust, Series 2017-GS8, Class C, 4.48%, 11/10/50(c) | | | | | 401,000 | | | | | | 392,396 | | |
GS Mortgage Securities Trust 2016-GS3, Series 2016-GS3, Class C, 4.12%, 10/10/49 | | | | | 570,000 | | | | | | 552,993 | | |
HarborView Mortgage Loan Trust 2005-11, Series 2005-11, Class 2A1A, CMO, (1 month USD LIBOR + 0.620%), 2.79%, 8/19/45(c) | | | | | 72,366 | | | | | | 72,158 | | |
HERO Funding Trust, Series 2016-3A, Class A1, 3.08%, 9/20/42(a) | | | | | 492,684 | | | | | | 475,514 | | |
Hudsons Bay Simon JV Trust 2015-HBS, Series 2015-HB10, Class C10, 5.63%, 8/5/34 | | | | | 900,000 | | | | | | 835,434 | | |
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A3, 3.39%, 12/15/49 | | | | | 1,071,000 | | | | | | 1,042,541 | | |
JP Morgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47(a)(c) | | | | | 473,734 | | | | | | 466,418 | | |
JP Morgan Mortgage Trust, Series 2018-7FRB, Class A2, 2.82%, 4/25/46(a)(c) | | | | | 87,521 | | | | | | 87,666 | | |
JP Morgan Mortgage Trust 2017-6, Series 2017-6, Class A6, CMO, 3.00%, 12/25/48 | | | | | 371,790 | | | | | | 359,765 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
JP Morgan Mortgage Trust 2018-8, Series 2018-8, Class A13, CMO, 4.00%, 1/25/49 | | | | $ | 39,751 | | | | | $ | 39,240 | | |
JP Morgan Mortgage Trust 2018-9, Series 2018-9, Class A13, CMO, 4.00%, 2/25/49 | | | | | 100,000 | | | | | | 98,723 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C25, Class A4A1, 3.41%, 11/15/47 | | | | | 500,000 | | | | | | 495,193 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2015-C30, Class A4, 3.55%, 7/15/48 | | | | | 114,286 | | | | | | 113,871 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class A3, 3.50%, 12/15/48 | | | | | 1,100,000 | | | | | | 1,084,825 | | |
JPMBB Commercial Mortgage Securities Trust 2014-C23, Series 2014-C23, Class AS, 4.20%, 9/15/47 | | | | | 860,000 | | | | | | 873,830 | | |
JPMBB Commercial Mortgage Securities Trust 2014-C24, Series 2014-C24, Class D, 4.04%, 11/15/47 | | | | | 470,000 | | | | | | 415,815 | | |
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A4, 3.46%, 3/15/50 | | | | | 1,100,000 | | | | | | 1,073,869 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2016-C2, Class A3A, 2.88%, 6/15/49 | | | | | 1,100,000 | | | | | | 1,041,706 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A3, 3.05%, 10/15/50 | | | | | 1,000,000 | | | | | | 966,762 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A3, 3.94%, 6/15/51 | | | | | 1,100,000 | | | | | | 1,111,321 | | |
Ladder Capital Commercial Mortgage 2013-GCP Mortgage Trust, Series 2013-GCP, Class A2, 3.99%, 2/15/36 | | | | | 767,193 | | | | | | 766,945 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class B, 4.90%, 11/15/46(c) | | | | $ | 500,000 | | | | | $ | 517,952 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class C, 5.05%, 11/15/46(c) | | | | | 375,000 | | | | | | 381,090 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class A3, 3.45%, 7/15/50 | | | | | 171,496 | | | | | | 169,686 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C29, Class A3, 3.06%, 5/15/49 | | | | | 114,286 | | | | | | 109,431 | | |
Morgan Stanley Capital Trust, Series 2018-H3, Class A3, 3.92%, 7/15/51 | | | | | 600,000 | | | | | | 597,883 | | |
MSCG Trust 2015-ALDR, Series 2015-ALDR, Class A1, 2.61%, 6/7/35 | | | | | 151,062 | | | | | | 144,624 | | |
Natixis Commercial Mortgage Securities Trust 2018-850T, Series 2018-850T, Class A, 2.94%, 7/15/33 | | | | | 1,000,000 | | | | | | 993,810 | | |
Shellpoint Co-Originator Trust, Series 2016-1, Class 1A10, 3.50%, 11/25/46(a)(c) | | | | | 482,890 | | | | | | 475,239 | | |
STACR Trust 2018-DNA3, Series 2018-DNA3, Class M1, CMO, 2.88%, 9/25/48 | | | | | 160,000 | | | | | | 160,311 | | |
UBS Commercial Mortgage Trust, Series 2017-C4, Class A4, 3.56%, 10/15/50 | | | | | 148,558 | | | | | | 145,396 | | |
UBS Commercial Mortgage Trust, Series 2017-C7, Class A3, 3.42%, 12/15/50 | | | | | 305,000 | | | | | | 294,941 | | |
UBS Commercial Mortgage Trust, Series 2018-C10, Class A3, 4.05%, 5/15/51 | | | | | 1,100,000 | | | | | | 1,114,516 | | |
UBS Commercial Mortgage Trust, Series 2018-C10, Class A3, 4.31%, 6/15/51 | | | | | 500,000 | | | | | | 511,615 | | |
UBS Commercial Mortgage Trust 2017-C4, Series 2017-C4, Class A3, 3.30%, 10/15/50 | | | | | 600,000 | | | | | | 576,301 | | |
UBS-BAMLL Trust, Series 2012-WRM, Class A, 3.66%, 6/10/30 | | | | | 1,300,000 | | | | | | 1,291,696 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
UBS-Barclays Commercial Mortgage Trust 2013-C6, Series 2013-C6, Class A4, 3.24%, 4/10/46 | | | | $ | 794,000 | | | | | $ | 786,174 | | |
Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class A3, 3.54%, 12/15/48 | | | | | 114,286 | | | | | | 113,142 | | |
Wells Fargo Commercial Mortgage Trust, Series 2017-RB1, Class C, 4.31%, 3/15/50(c) | | | | | 500,000 | | | | | | 490,795 | | |
Wells Fargo Commercial Mortgage Trust 2017-C40, Series 2017-C40, Class A3, 3.32%, 10/15/50 | | | | | 450,000 | | | | | | 434,372 | | |
WFRBS Commercial Mortgage Trust, Series 2013-C11, Class B, 3.71%, 3/15/45(c) | | | | | 500,000 | | | | | | 496,044 | | |
WFRBS Commercial Mortgage Trust 2013-C13, Series 2013-C13, Class D, 4.27%, 5/15/45 | | | | | 225,000 | | | | | | 208,464 | | |
WFRBS Commercial Mortgage Trust 2013-C18, Series 2013-C18, Class C, 4.84%, 12/15/46 | | | | | 350,000 | | | | | | 354,155 | | |
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost: $45,442,571) | | | | | 45,335,809 | | | ||||||
MUNICIPAL BONDS – 2.0% | | ||||||||||||
CALIFORNIA – 1.1% | | ||||||||||||
Bay Area Toll Authority, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series F2, 6.26%, 4/1/49 | | | | | 150,000 | | | | | | 204,645 | | |
Chula Vista Municipal Financing Authority, Revenue Bonds, 4.28%, 12/1/48 | | | | | 1,000,000 | | | | | | 980,610 | | |
City of Los Angeles CA, Series A, 3.50%, 9/1/37 | | | | | 315,000 | | | | | | 288,499 | | |
State of California, 2.89%, 4/1/47 | | | | | 1,000,000 | | | | | | 1,005,830 | | |
State of California, General Obligation, 2.25%, 10/1/23 | | | | | 1,000,000 | | | | | | 954,950 | | |
State of California, General Obligation, 4.60%, 4/1/38 | | | | | 500,000 | | | | | | 518,700 | | |
Investments | | | Principal Amount | | | Value | | ||||||
MUNICIPAL BONDS – (continued) | | ||||||||||||
CALIFORNIA – (continued) | | ||||||||||||
State of California, General Obligation, Build America Bonds, 7.35%, 11/1/39 | | | | $ | 275,000 | | | | | $ | 386,207 | | |
State of California, General Obligation, High Speed Passenger Train, 2.19%, 4/1/47(c) | | | | | 500,000 | | | | | | 493,135 | | |
Upper Santa Clara Valley Joint Powers Authority, Revenue Bonds, Water Revenue, Series A, 3.88%, 8/1/48 | | | | | 500,000 | | | | | | 465,150 | | |
Total California | | | | | | | | | | | 5,297,726 | | |
HAWAII – 0.2% | | ||||||||||||
City & Cnty. of Honolulu HI, Series F-GREEN BOND, 3.94%, 9/1/34 | | | | | 500,000 | | | | | | 498,210 | | |
City & County of Honolulu, HI, General Obligation, Green Bond, Series D, 2.14%, 10/1/23 | | | | | 550,000 | | | | | | 521,741 | | |
Total Hawaii | | | | | | | | | | | 1,019,951 | | |
ILLINOIS – 0.1% | | ||||||||||||
Chicago Housing Auth., Series B, 4.36%, 1/1/38 | | | | | 500,000 | | | | | | 488,820 | | |
State of Illinois, Series A, 5.00%, 10/1/22 | | | | | 210,000 | | | | | | 220,217 | | |
Total Illinois | | | | | | | | | | | 709,037 | | |
NEW JERSEY – 0.1% | | ||||||||||||
New Jersey Turnpike Authority, Revenue Bonds, Build America Bonds, Series F, 7.41%, 1/1/40 | | | | | 300,000 | | | | | | 429,237 | | |
NEW YORK – 0.1% | | ||||||||||||
City of New York NY, Series C, 3.25%, 12/1/23 | | | | | 580,000 | | | | | | 576,172 | | |
OREGON – 0.1% | | ||||||||||||
Oregon State Business Development Commission, Revenue Bonds, Economic Development Revenue, 6.50%, 4/1/31(a) | | | | | 500,000 | | | | | | 493,285 | | |
TEXAS – 0.3% | | ||||||||||||
Texas Water Dev. Board, 4.19%, 10/15/43 | | | | | 500,000 | | | | | | 502,360 | | |
Investments | | | Principal Amount | | | Value | | ||||||
MUNICIPAL BONDS – (continued) | | ||||||||||||
TEXAS – (continued) | | ||||||||||||
Texas Water Development Board, Revenue Bonds, State Water Implementation Funds, Series B, 3.70%, 10/15/47 | | | | $ | 1,000,000 | | | | | $ | 936,110 | | |
Total Texas | | | | | | | | | | | 1,438,470 | | |
TOTAL MUNICIPAL BONDS (Cost: $10,091,937) | | | | | | | | | | | 9,963,878 | | |
SUPRANATIONAL BONDS – 1.9% | | ||||||||||||
Asian Development Bank, 2.13%, 3/19/25 | | | | | 500,000 | | | | | | 469,478 | | |
Asian Development Bank, 3.13%, 9/26/28 | | | | | 500,000 | | | | | | 495,894 | | |
European Investment Bank, 1.63%, 8/14/20 | | | | | 490,000 | | | | | | 478,539 | | |
European Investment Bank, 2.38%, 5/24/27 | | | | | 500,000 | | | | | | 468,741 | | |
European Stability Mechanism, Senior Note, 2.13%, 11/3/22(a) | | | | | 1,000,000 | | | | | | 962,403 | | |
Inter-American Development Bank, 2.13%, 10/9/20 | | | | | 1,000,000 | | | | | | 998,970 | | |
International Bank for Reconstruction & Development, 2.20%, 3/18/20 | | | | | 1,000,000 | | | | | | 999,523 | | |
International Development Association, 2.75%, 4/24/23(a) | | | | | 500,000 | | | | | | 492,637 | | |
International Finance Corp., 1.75%, 3/30/20 | | | | | 1,000,000 | | | | | | 983,490 | | |
Kreditanstalt fuer Wiederaufbau, 1.88%, 11/30/20 | | | | | 1,000,000 | | | | | | 977,640 | | |
North American Development Bank, 2.30%, 10/10/18 | | | | | 1,000,000 | | | | | | 1,000,063 | | |
North American Development Bank, 2.40%, 10/26/22 | | | | | 1,000,000 | | | | | | 959,218 | | |
TOTAL SUPRANATIONAL BONDS (Cost: $9,304,721) | | | | | 9,286,596 | | | ||||||
FOREIGN CORPORATE BONDS – 1.2% | | ||||||||||||
BASIC MATERIALS – 0.1% | | ||||||||||||
Kinross Gold Corp., 4.50%, 7/15/27 | | | | | 147,000 | | | | | | 131,388 | | |
Mountain Province Diamonds, Inc., 8.00%, 12/15/22 | | | | | 25,000 | | | | | | 25,500 | | |
Yamana Gold, Inc., 4.95%, 7/15/24 | | | | | 400,000 | | | | | | 394,320 | | |
Total Basic Materials | | | | | | | | | | | 551,208 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – 0.1% | | ||||||||||||
Altice France S.A., 8.13%, 2/1/27 | | | | $ | 200,000 | | | | | $ | 205,500 | | |
Intelsat Connect Finance S.A., 9.50%, 2/15/23 | | | | | 325,000 | | | | | | 324,188 | | |
Intelsat Jackson Holdings S.A., 8.50%, 10/15/24 | | | | | 75,000 | | | | | | 75,656 | | |
Vodafone Group PLC, 4.13%, 5/30/25 | | | | | 89,000 | | | | | | 88,276 | | |
Total Communications | | | | | | | | | | | 693,620 | | |
CONSUMER, NON-CYCLICAL – 0.1% | | ||||||||||||
IHS Markit Ltd., 4.13%, 8/1/23 | | | | | 210,000 | | | | | | 209,597 | | |
ENERGY – 0.1% | | ||||||||||||
Eni SpA, Series X-R, 4.75%, 9/12/28 | | | | | 283,000 | | | | | | 279,540 | | |
Pacific Drilling First Lien Escrow Issuer Ltd., 8.38%, 10/1/23 | | | | | 50,000 | | | | | | 51,625 | | |
Suncor Energy, Inc., 5.95%, 12/1/34 | | | | | 108,000 | | | | | | 123,553 | | |
Transocean Pontus Ltd., 6.13%, 8/1/25 | | | | | 25,000 | | | | | | 25,406 | | |
Trinidad Drilling Ltd., 6.63%, 2/15/25 | | | | | 75,000 | | | | | | 74,250 | | |
Total Energy | | | | | | | | | | | 554,374 | | |
FINANCIAL – 0.5% | | ||||||||||||
Aircastle Ltd., 4.40%, 9/25/23 | | | | | 93,000 | | | | | | 92,991 | | |
Banque Federative du Credit Mutuel S.A., 3.75%, 7/20/23 | | | | | 490,000 | | | | | | 486,972 | | |
goeasy Ltd., 7.88%, 11/1/22 | | | | | 25,000 | | | | | | 26,031 | | |
HSBC Holdings PLC, 4.29%, 9/12/26 (4.29% fixed rate until 9/12/25; 1.35% + 3 month USD LIBOR thereafter) | | | | | 274,000 | | | | | | 270,940 | | |
Mitsubishi UFJ Financial Group, Inc., 3.00%, 2/22/22 | | | | | 285,000 | | | | | | 278,852 | | |
Royal Bank of Scotland Group PLC, 5.08%, 1/27/30 (3.88% fixed rate until 7/24/37; 1.36% + 3 month USD LIBOR thereafter) | | | | | 209,000 | | | | | | 209,314 | | |
Toronto-Dominion Bank (The), 2.59%, 9/17/20 | | | | | 1,200,000 | | | | | | 1,201,329 | | |
Total Financial | | | | | | | | | | | 2,566,429 | | |
INDUSTRIAL – 0.1% | | ||||||||||||
Canadian National Railway Co., 2.85%, 12/15/21 | | | | | 162,000 | | | | | | 159,756 | | |
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
CNH Industrial N.V., 4.50%, 8/15/23 | | | | $ | 131,000 | | | | | $ | 133,017 | | |
Embraer Overseas Ltd., 5.70%, 9/16/23 | | | | | 25,000 | | | | | | 25,875 | | |
Masonite International Corp., 5.75%, 9/15/26 | | | | | 25,000 | | | | | | 25,063 | | |
Park Aerospace Holdings Ltd., 5.50%, 2/15/24 | | | | | 150,000 | | | | | | 153,562 | | |
Total Industrial | | | | | | | | | | | 497,273 | | |
UTILITIES – 0.2% | | ||||||||||||
Electricite de France S.A., 4.88%, 9/21/38 | | | | | 336,000 | | | | | | 327,374 | | |
Electricite de France S.A., 5.00%, 9/21/48 | | | | | 410,000 | | | | | | 398,592 | | |
Enel Finance International N.V., 4.88%, 6/14/29 | | | | | 210,000 | | | | | | 203,351 | | |
Total Utilities | | | | | | | | | | | 929,317 | | |
TOTAL FOREIGN CORPORATE BONDS (Cost: $6,014,698) | | | | | 6,001,818 | | | ||||||
FOREIGN GOVERNMENT OBLIGATIONS – 0.8% | | ||||||||||||
HUNGARY – 0.0%(f) | | ||||||||||||
Hungary Government International Bond, 7.63%, 3/29/41 | | | | | 54,000 | | | | | | 75,330 | | |
INDONESIA – 0.2% | | ||||||||||||
Indonesia Government International Bond, 2.95%, 1/11/23 | | | | | 200,000 | | | | | | 191,030 | | |
Indonesia Government International Bond, 4.13%, 1/15/25(a) | | | | | 400,000 | | | | | | 393,428 | | |
Perusahaan Penerbit SBSN Indonesia III, 3.75%, 3/1/23(a) | | | | | 300,000 | | | | | | 294,750 | | |
Total Indonesia | | | | | | | | | | | 879,208 | | |
IRAQ – 0.1% | | ||||||||||||
Iraq Government AID Bond, 2.15%, 1/18/22 | | | | | 500,000 | | | | | | 484,856 | | |
MEXICO – 0.1% | | ||||||||||||
Mexico Government International Bond, 4.35%, 1/15/47 | | | | | 200,000 | | | | | | 181,302 | | |
Mexico Government International Bond, Series MTN, 4.75%, 3/8/44 | | | | | 180,000 | | | | | | 171,990 | | |
Total Mexico | | | | | | | | | | | 353,292 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN GOVERNMENT OBLIGATIONS – (continued) | | ||||||||||||
QATAR – 0.0%(f) | | ||||||||||||
Qatar Government International Bond, 4.50%, 4/23/28(a) | | | | $ | 200,000 | | | | | $ | 205,800 | | |
SAUDI ARABIA – 0.1% | | ||||||||||||
Saudi Government International Bond, 4.00%, 4/17/25(a) | | | | | 300,000 | | | | | | 300,150 | | |
TUNISIA – 0.0%(f) | | ||||||||||||
Tunisia Government AID Bonds, 1.42%, 8/5/21 | | | | | 200,000 | | | | | | 191,240 | | |
UKRAINE – 0.2% | | ||||||||||||
Ukraine Government AID Bonds, 1.47%, 9/29/21 | | | | | 1,120,000 | | | | | | 1,071,836 | | |
UNITED ARAB EMIRATES – 0.1% | | ||||||||||||
Abu Dhabi Government International Bond, 3.13%, 10/11/27(a) | | | | | 250,000 | | | | | | 236,250 | | |
URUGUAY – 0.0%(f) | | ||||||||||||
Uruguay Government International Bond, 5.10%, 6/18/50 | | | | | 150,000 | | | | | | 153,000 | | |
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $3,928,568) | | | | | 3,950,962 | | | ||||||
FOREIGN GOVERNMENT AGENCIES – 0.5% | | ||||||||||||
Canada – 0.2% | | ||||||||||||
Province of Quebec Canada, 2.75%, 4/12/27 | | | | | 1,000,000 | | | | | | 951,307 | | |
Norway – 0.1% | | ||||||||||||
Kommunalbanken A/S, 2.13%, 2/11/25(a) | | | | | 500,000 | | | | | | 468,050 | | |
South Korea – 0.0%(f) | | ||||||||||||
Korea Hydro & Nuclear Power Co., Ltd., Series 144A, 3.75%, 7/25/23 | | | | | 200,000 | | | | | | 198,491 | | |
Sweden – 0.2% | | ||||||||||||
Kommuninvest I Sverige AB, 1.50%, 4/23/19(a) | | | | | 1,000,000 | | | | | | 993,789 | | |
TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $2,617,626) | | | | | 2,611,637 | | | ||||||
|
Investments | | | Principal Amount | | | Value | | ||||||
BANK LOANS – 0.2% | | ||||||||||||
BASIC MATERIALS – 0.0%(f) | | ||||||||||||
Aleris International Inc. 2018 Term Loan, 6.99%, 2/27/23 (1-month USD LIBOR + 4.75%)(c) | | | | $ | 49,875 | | | | | $ | 50,732 | | |
COMMUNICATIONS – 0.0%(f) | | ||||||||||||
Altice France S.A. 2018 Term Loan B13, 6.16%, 8/14/26 (1-month USD LIBOR + 4.00%)(c) | | | | | 125,000 | | | | | | 123,906 | | |
CONSUMER, CYCLICAL – 0.1% | | ||||||||||||
LTF Merger Sub, Inc. Term Loan, 5.06%, 6/10/22 (3-month USD LIBOR + 2.75%)(c) | | | | | 124,372 | | | | | | 124,812 | | |
Marriott Ownership Resorts, Inc. 2018 Term Loan, 4.49%, 8/29/25 (1-month USD LIBOR + 2.25%)(c) | | | | | 50,000 | | | | | | 50,375 | | |
Total Consumer, Cyclical | | | | | | | | | | | 175,187 | | |
CONSUMER, NON-CYCLICAL – 0.0%(f) | | ||||||||||||
Herbalife Nutrition Ltd. 2018 Term Loan B, 5.49%, 8/9/25 (1-month USD LIBOR + 3.25%)(c) | | | | | 25,000 | | | | | | 25,208 | | |
Verscend Holding Corp. 2018 Term Loan, 6.74%, 8/27/25 (1-month USD LIBOR + 4.50%)(c) | | | | | 25,000 | | | | | | 25,198 | | |
Total Consumer, Non-cyclical | | | | | 50,406 | | | ||||||
ENERGY – 0.0%(f) | | ||||||||||||
BCP Renaissance Parent LLC Term Loan, 5.84%, 10/31/24 (3-month USD LIBOR + 3.50%)(c) | | | | | 75,000 | | | | | | 75,417 | | |
Consolidated Energy Finance S.A. Term Loan B, 4.63%, 5/7/25 (1-month USD LIBOR + 2.50%)(c) | | | | | 74,813 | | | | | | 74,532 | | |
Total Energy | | | | | | | | | | | 149,949 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
BANK LOANS – (continued) | | ||||||||||||
FINANCIAL – 0.1% | | ||||||||||||
Edelman Financial Center LLC 2018 2nd Lien Term Loan, 9.09%, 7/20/26 (2-month USD LIBOR + 6.75%)(c) | | | | $ | 25,000 | | | | | $ | 25,500 | | |
Edelman Financial Center LLC Term Loan B 1, 5.59%, 7/21/25 (3-month USD LIBOR + 3.25%)(c) | | | | | 75,000 | | | | | | 75,579 | | |
Hub International Ltd. Term Loan B 1, 5.34%, 4/25/25 (3-month USD LIBOR + 3.00%)(c) | | | | | 24,938 | | | | | | 24,981 | | |
Refinitiv US Holdings Inc. Term Loan B, 0.00%, 10/1/25 (3-month USD LIBOR + 3.75%) | | | | | 75,000 | | | | | | 74,813 | | |
Total Financial | | | | | | | | | | | 200,873 | | |
HEALTH CARE – 0.0%(f) | | ||||||||||||
Envision Healthcare Corp. Term Loan B, 0.00%, 10/11/25 (3-month USD LIBOR + 3.75%) | | | | | 100,000 | | | | | | 99,750 | | |
MPH Acquisition Holdings LLC 2016 Term Loan B, 0.00%, 6/7/23 (3-month USD LIBOR + 3.00%) | | | | | 24,058 | | | | | | 24,088 | | |
Total Health Care | | | | | | | | | | | 123,838 | | |
INDUSTRIAL – 0.0%(f) | | ||||||||||||
Altra Industrial Motion Corp. Term Loan, 0.00%, 0/0/0 (3-month USD LIBOR + 2.00%) | | | | | 25,000 | | | | | | 24,938 | | |
TOTAL BANK LOANS (Cost: $893,715) | | | | | | | | | | | 899,829 | | |
| | | | | Shares | | | | | | | | |
SHORT-TERM INVESTMENTS – 2.6% | | ||||||||||||
State Street Institutional Treasury Money Market Fund – Investor Class Shares, 1.87%(i) (Cost: $12,565,926) | | | | | 12,565,926 | | | | | | 12,565,926 | | |
TOTAL INVESTMENTS – 100.8% (Cost: $495,289,076) | | | | | 493,955,729 | | | ||||||
OTHER ASSETS AND LIABILITIES, NET – (0.4)% | | | | | | | | | | | (3,828,403) | | |
NET ASSETS – 100.0% | | | | | | | | | | $ | 490,127,326 | | |
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/Net Unrealized Appreciation (Depreciation) | | |||||||||||||||
CONTRACTS PURCHASED – 3.9% | | ||||||||||||||||||||||||||||||
U.S. Treasury 2-Year Notes | | | | | Long | | | | | | 9,400,000 | | | | | | 12/31/2018 | | | | | $ | 9,904,516 | | | | | $ | (29,310) | | |
U.S. Treasury 5-Year Notes | | | | | Long | | | | | | 3,800,000 | | | | | | 12/31/2018 | | | | | | 4,274,109 | | | | | | 309 | | |
U.S. Treasury 10-Year Notes | | | | | Long | | | | | | 1,700,000 | | | | | | 12/19/2018 | | | | | | 2,019,281 | | | | | | 773 | | |
U.S. Treasury Ultra Long-Term Bonds | | | | | Long | | | | | | 2,000,000 | | | | | | 12/19/2018 | | | | | | 3,085,625 | | | | | | (90,920) | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (119,148) | | |
CONTRACTS SOLD – (1.3)% | | | | | | | |||||||||||||||||||||||||
U.S. Treasury 10-Year Long-Term Bonds | | | | | Short | | | | | | (700,000) | | | | | | 12/19/2018 | | | | | $ | (882,000) | | | | | $ | 4,365 | | |
U.S. Treasury Ultra Long-Term Bonds | | | | | Short | | | | | | (4,100,000) | | | | | | 12/19/2018 | | | | | | (5,760,500) | | | | | | 161,705 | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 166,070 | | |
|
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | | ||||||||||||||
PFM Multi-Manager Fixed Income Fund | | | | | | | ||||||||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Investments in Securities: | | | | | | | ||||||||||||||||||||||
Corporate Bonds | | | | $ | — | | | | | $ | 236,564,775 | | | | | $ | — | | | | | $ | 236,564,775 | | | | ||
U.S. Government Obligations | | | | | — | | | | | | 50,191,871 | | | | | | — | | | | | | 50,191,871 | | | | ||
Asset-Backed Securities | | | | | — | | | | | | 63,582,187 | | | | | | — | | | | | | 63,582,187 | | | | ||
U.S. Government Agencies | | | | | — | | | | | | 53,000,441 | | | | | | — | | | | | | 53,000,441 | | | | ||
Commercial Mortgage-Backed Securities | | | | | — | | | | | | 45,335,809 | | | | | | — | | | | | | 45,335,809 | | | | ||
Supranational Bonds | | | | | — | | | | | | 9,286,596 | | | | | | — | | | | | | 9,286,596 | | | | ||
Municipal Bonds | | | | | — | | | | | | 9,963,878 | | | | | | — | | | | | | 9,963,878 | | | | ||
Foreign Corporate Bonds | | | | | — | | | | | | 6,001,818 | | | | | | — | | | | | | 6,001,818 | | | | ||
Foreign Government Obligations | | | | | — | | | | | | 3,950,962 | | | | | | — | | | | | | 3,950,962 | | | | ||
Foreign Government Agencies | | | | | — | | | | | | 2,611,637 | | | | | | — | | | | | | 2,611,637 | | | | ||
Bank Loans | | | | | — | | | | | | 899,829 | | | | | | — | | | | | | 899,829 | | | | ||
Money Market Funds | | | | | 12,565,926 | | | | | | — | | | | | | — | | | | | | 12,565,926 | | | | ||
Total Investments in Securities | | | | $ | 12,565,926 | | | | | $ | 481,389,803 | | | | | $ | — | | | | | $ | 493,955,729 | | | | ||
Other Financial Instruments: | | | | | | | ||||||||||||||||||||||
Futures Contracts(a) | | | | $ | 167,152 | | | | | $ | — | | | | | $ | — | | | | | $ | 167,152 | | | | ||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Other Financial Instruments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures Contracts(a) | | | | $ | (120,230) | | | | | $ | — | | | | | $ | — | | | | | $ | (120,230) | | | | ||
|
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed-Income Fund | | |||||||||
Assets: | | | | | | | | | | | | | | | | | | | |
Investments in Securities, at Value (Cost $562,021,227, $323,769,786 and $495,289,076, respectively) | | | | $ | 595,320,778 | | | | | $ | 314,172,055 | | | | | $ | 493,955,729 | | |
Foreign Currency, at Value (Cost $–, $875,236 and $–, respectively) | | | | | — | | | | | | 863,580 | | | | | | — | | |
Cash | | | | | — | | | | | | 22,566 | | | | | | — | | |
Deposits at Broker for Futures Contracts | | | | | 217,504 | | | | | | 131,777 | | | | | | — | | |
Deferred Offering Cost | | | | | 5,798 | | | | | | 5,798 | | | | | | 5,798 | | |
Receivables: | | | | | | | | | | | | | | | | | | | |
Investment Securities Sold | | | | | 715,569 | | | | | | 1,005 | | | | | | 4,155,878 | | |
Dividends | | | | | 475,293 | | | | | | 612,898 | | | | | | — | | |
Interest | | | | | — | | | | | | — | | | | | | 3,836,723 | | |
Foreign Tax Reclaims | | | | | 602 | | | | | | 108,697 | | | | | | 2,366 | | |
Prepaid Expenses | | | | | 9,344 | | | | | | 5,032 | | | | | | 9,581 | | |
Net Variation Margin on Futures Contracts | | | | | 11,943 | | | | | | 81,350 | | | | | | 47,158 | | |
Total Assets | | | | | 596,756,831 | | | | | | 316,004,758 | | | | | | 502,013,233 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | |
Due to Custodian | | | | | — | | | | | | — | | | | | | 230,912 | | |
Cash Collateral Due to Brokers for Futures Contracts | | | | | — | | | | | | — | | | | | | 44,347 | | |
Payables: | | | | | | | | | | | | | | | |||||
Investment Securities Purchased | | | | | 1,374,757 | | | | | | 845,411 | | | | | | 11,132,524 | | |
Advisory Fee Payable | | | | | 195,439 | | | | | | 61,181 | | | | | | 285,408 | | |
Trustees’ Fees and Expenses | | | | | 1,528 | | | | | | 359 | | | | | | 1,477 | | |
Other Accrued Expenses | | | | | 191,464 | | | | | | 358,567 | | | | | | 191,239 | | |
Total Liabilities | | | | | 1,763,188 | | | | | | 1,265,518 | | | | | | 11,885,907 | | |
Net Assets | | | | $ | 594,993,643 | | | | | $ | 314,739,240 | | | | | $ | 490,127,326 | | |
Net Assets Consists of: | | | | | | | | | | | | | | | | | | | |
Paid-In Capital | | | | $ | 557,884,600 | | | | | $ | 324,108,200 | | | | | $ | 490,462,845 | | |
Total Distributable Earnings (Loss) | | | | | 37,109,043 | | | | | | (9,368,960) | | | | | | (335,519) | | |
Net Assets | | | | $ | 594,993,643 | | | | | $ | 314,739,240 | | | | | $ | 490,127,326 | | |
Capital shares outstanding, no par value, unlimited shares authorized (all shares outstanding are of each Fund’s Institutional Class) | | | | | 55,313,427 | | | | | | 32,469,106 | | | | | | 48,908,529 | | |
Net asset value, offering price and redemption price per share | | | | $ | 10.76 | | | | | $ | 9.69 | | | | | $ | 10.02 | | |
|
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed-Income Fund | | |||||||||
Investment Income: | | | | | | | | | | | | | | | | | | | |
Dividends (net of foreign withholding taxes of $3,780, $286,757 and $–, respectively) | | | | $ | 3,938,529 | | | | | $ | 3,005,929 | | | | | $ | 278,162 | | |
Interest (net of taxes withheld of $–, $– and $1,012, respectively) | | | | | 734 | | | | | | — | | | | | | 5,655,166 | | |
Total Investment Income | | | | | 3,939,263 | | | | | | 3,005,929 | | | | | | 5,933,328 | | |
Expenses: | | | | | | | | | | | | | | | | | | | |
Accounting Fees | | | | | 77,529 | | | | | | 117,266 | | | | | | 105,992 | | |
Administration Fees | | | | | 49,500 | | | | | | 49,500 | | | | | | 49,500 | | |
Advisory Fees (Note 3) | | | | | 588,963 | | | | | | 550,363 | | | | | | 662,454 | | |
Audit and Tax Fees | | | | | 72,950 | | | | | | 138,950 | | | | | | 76,950 | | |
Custodian Fees | | | | | 52,431 | | | | | | 138,429 | | | | | | 46,496 | | |
Insurance Premiums | | | | | 28,545 | | | | | | 15,370 | | | | | | 29,279 | | |
Legal Fees | | | | | 75,660 | | | | | | 50,148 | | | | | | 65,406 | | |
Offering Costs (Note 4) | | | | | 17,717 | | | | | | 17,717 | | | | | | 17,717 | | |
Registration Fees | | | | | 65,919 | | | | | | 38,215 | | | | | | 57,046 | | |
Transfer Agent Fees | | | | | 31,447 | | | | | | 31,255 | | | | | | 31,492 | | |
Trustees Fees | | | | | 44,521 | | | | | | 35,981 | | | | | | 41,280 | | |
Chief Compliance Officer Expense | | | | | 646 | | | | | | 1,274 | | | | | | 647 | | |
Other Expenses | | | | | 19,491 | | | | | | 18,571 | | | | | | 18,883 | | |
Total Expenses | | | | | 1,125,319 | | | | | | 1,203,039 | | | | | | 1,203,142 | | |
Less: Advisory Fees Waived | | | | | (101,546) | | | | | | (110,073) | | | | | | — | | |
Expenses Reimbursed | | | | | (252,029) | | | | | | (399,511) | | | | | | (292,268) | | |
Net Expenses | | | | | 771,744 | | | | | | 693,455 | | | | | | 910,874 | | |
Net Investment Income | | | | | 3,167,519 | | | | | | 2,312,474 | | | | | | 5,022,454 | | |
Net Realized and Unrealized Gain (Loss) on investments: | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) From: | | | | | | | | | | | | | | | | | | | |
Investments | | | | | 395,379 | | | | | | (1,738,095) | | | | | | 716,125 | | |
Futures Contracts | | | | | 234,738 | | | | | | (272,908) | | | | | | 96,672 | | |
Foreign Currency Related Transactions | | | | | — | | | | | | (138,967) | | | | | | — | | |
Net Realized Gain (Loss) | | | | | 630,117 | | | | | | (2,149,970) | | | | | | 812,797 | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation From: | | | | | | | | | | | | | | | | | | | |
Investments | | | | | 33,299,551 | | | | | | (9,597,731) | | | | | | (1,333,347) | | |
Futures Contracts | | | | | 11,854 | | | | | | 81,178 | | | | | | 46,922 | | |
Translation of Assets and Liabilities Denominated in Foreign Currencies | | | | | 2 | | | | | | (14,911) | | | | | | — | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation | | | | | 33,311,407 | | | | | | (9,531,464) | | | | | | (1,286,425) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 37,109,043 | | | | | $ | (9,368,960) | | | | | $ | 4,548,826 | | |
|
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed-Income Fund | | |||||||||
Increase in Net Assets Resulting from Operations: | | | | | |||||||||||||||
Net Investment Income | | | | $ | 3,167,519 | | | | | $ | 2,312,474 | | | | | $ | 5,022,454 | | |
Net Realized Gain (Loss) | | | | | 630,117 | | | | | | (2,149,970) | | | | | | 812,797 | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation | | | | | 33,311,407 | | | | | | (9,531,464) | | | | | | (1,286,425) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | 37,109,043 | | | | | | (9,368,960) | | | | | | 4,548,826 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | |
Distributable Earnings | | | | | — | | | | | | — | | | | | | (4,884,345) | | |
| | | | | — | | | | | | — | | | | | | (4,884,345) | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | | | | |
Proceeds from Sale of Shares | | | | | 561,847,700 | | | | | | 324,187,200 | | | | | | 486,793,500 | | |
Reinvestment of Distributions | | | | | — | | | | | | — | | | | | | 4,884,345 | | |
Cost of Shares Redeemed | | | | | (3,963,100) | | | | | | (79,000) | | | | | | (1,215,000) | | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | | | | | 557,884,600 | | | | | | 324,108,200 | | | | | | 490,462,845 | | |
Net Increase in Net Assets | | | | | 594,993,643 | | | | | | 314,739,240 | | | | | | 490,127,326 | | |
Net Assets: | | | | | | | | | | | | | | | | | | | |
Beginning of Year | | | | | — | | | | | | — | | | | | | — | | |
End of Year | | | | $ | 594,993,643 | | | | | $ | 314,739,240 | | | | | $ | 490,127,326 | | |
Shares Subscribed and Redeemed: | | | | | | | | | | | | | | | | | | | |
Shares Outstanding, Beginning of Year | | | | | — | | | | | | — | | | | | | — | | |
Shares Subscribed | | | | | 55,686,877 | | | | | | 32,477,349 | | | | | | 48,542,956 | | |
Shares Issued from Reinvestment of Distributions | | | | | — | | | | | | — | | | | | | 486,188 | | |
Shares Redeemed | | | | | (373,450) | | | | | | (8,243) | | | | | | (120,615) | | |
Shares Outstanding, End of Year | | | | | 55,313,427 | | | | | | 32,469,106 | | | | | | 48,908,529 | | |
|
| Net Asset Value, Beginning of Year | | | | $ | 10.00 | | |
| Investment Operations: | | | |||||
| Net Investment Income(2) | | | | | 0.12 | | |
| Net Realized and Unrealized Gain (Loss)(3) | | | | | 0.64 | | |
| Total from Investment Operations | | | | | 0.76 | | |
| Net Asset Value, End of Year | | | | $ | 10.76 | | |
| Total Return(4),(5) | | | | | 7.60% | | |
| Ratios/Supplemental Data:(6) | | | |||||
| Net Assets, End of Year (000’s omitted) | | | | $ | 594,994 | | |
| Ratios to Average Net Assets of: | | | |||||
| Expenses, Net of Expense Waivers | | | | | 0.38% | | |
| Expenses, Prior to Expense Waivers | | | | | 0.55% | | |
| Net Investment Income | | | | | 1.54% | | |
| Portfolio Turnover Rate | | | | | 13% | | |
|
| Net Asset Value, Beginning of Year | | | | $ | 10.00 | | |
| Investment Operations: | | | | | | | |
| Net Investment Income(2) | | | | | 0.15 | | |
| Net Realized and Unrealized Gain (Loss)(3) | | | | | (0.46) | | |
| Total from Investment Operations | | | | | (0.31) | | |
| Net Asset Value, End of Year | | | | $ | 9.69 | | |
| Total Return(4),(5) | | | | | (3.10)% | | |
| Ratios/Supplemental Data:(6) | | | | | | | |
| Net Assets, End of Year (000’s omitted) | | | | $ | 314,739 | | |
| Ratios to Average Net Assets of: | | | | | | | |
| Expenses, Net of Expense Waivers | | | | | 0.63% | | |
| Expenses, Prior to Expense Waivers | | | | | 1.09% | | |
| Net Investment Income | | | | | 2.08% | | |
| Portfolio Turnover Rate | | | | | 21% | | |
|
| Net Asset Value, Beginning of Year | | | | $ | 10.00 | | |
| Investment Operations: | | | | | | | |
| Net Investment Income(2) | | | | | 0.23 | | |
| Net Realized and Unrealized Gain (Loss)(3) | | | | | (0.10) | | |
| Total from Investment Operations | | | | | 0.13 | | |
| Distributions From: | | | | | | | |
| Net Investment Income | | | | | (0.11) | | |
| Total Distributions to Shareholders | | | | | (0.11) | | |
| Net Asset Value, End of Year | | | | $ | 10.02 | | |
| Total Return(4),(5) | | | | | 1.27% | | |
| Ratios/Supplemental Data:(6) | | | | | | | |
| Net Assets, End of Year (000’s omitted) | | | | $ | 490,127 | | |
| Ratios to Average Net Assets of: | | | | | | | |
| Expenses, Net of Expense Waivers | | | | | 0.55% | | |
| Expenses, Prior to Expense Waivers | | | | | 0.73% | | |
| Net Investment Income | | | | | 3.00% | | |
| Portfolio Turnover Rate | | | | | 218% | | |
|
| | | Undistributed Ordinary Income | | | Undistributed Cap Gains | | | Capital Loss Carryforward | | | Other Temporary Differences | | | Net Unrealized Appreciation (Depreciation) | | | Total Distributable Earnings (Loss) | | ||||||||||||||||||
PFM Multi-Manager Domestic Equity Fund | | | | $ | 3,629,378 | | | | | $ | 283,547 | | | | | $ | — | | | | | $ | (84,345) | | | | | $ | 33,280,463 | | | | | $ | 37,109,043 | | |
PFM Multi-Manager International Equity Fund | | | | | 2,317,243 | | | | | | — | | | | | | (1,827,212) | | | | | | (84,397) | | | | | | (9,774,594) | | | | | | (9,368,960) | | |
PFM Multi-Manager Fixed-Income Fund | | | | | 1,195,400 | | | | | | — | | | | | | — | | | | | | (84,347) | | | | | | (1,446,572) | | | | | | (335,519) | | |
| | | Ordinary Income | | | Total Distributions | | ||||||
PFM Multi-Manager Domestic Equity Fund | | | | $ | — | | | | | $ | — | | |
PFM Multi-Manager International Equity Fund | | | | | — | | | | | | — | | |
PFM Multi-Manager Fixed-Income Fund | | | | | 4,884,345 | | | | | | 4,884,345 | | |
| | | Unlimited Short Term Losses | | | Unlimited Long Term Losses | | ||||||
PFM Multi-Manager Domestic Equity Fund | | | | $ | — | | | | | $ | — | | |
PFM Multi-Manager International Equity Fund | | | | | (1,712,174) | | | | | | (115,038) | | |
PFM Multi-Manager Fixed-Income Fund | | | | | — | | | | | | — | | |
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed- Income Fund | | |||||||||
Cost of investments | | | | $ | 562,040,315 | | | | | $ | 323,933,345 | | | | | $ | 495,402,301 | | |
Unrealized appreciation | | | | $ | 46,207,128 | | | | | $ | 10,148,065 | | | | | $ | 1,261,691 | | |
Unrealized depreciation | | | | | (12,926,665) | | | | | | (19,909,308) | | | | | | (2,708,263) | | |
Net unrealized appreciation (depreciation) | | | | $ | 33,280,463 | | | | | $ | (9,761,243) | | | | | $ | (1,446,572) | | |
|
Fund | | | % | | |||
Domestic Equity Fund | | | | | 0.29% | | |
International Equity Fund | | | | | 0.50% | | |
Fixed-Income Fund | | | | | 0.40% | | |
Fund | | | % | | |||
Domestic Equity Fund | | | | | 0.38% | | |
International Equity Fund | | | | | 0.63% | | |
Fixed-Income Fund | | | | | 0.55% | | |
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed- Income Fund | | |||||||||
Purchases | | | | $ | 576,285,762 | | | | | $ | 335,541,103 | | | | | $ | 857,301,241 | | |
Sales | | | | $ | 28,588,997 | | | | | $ | 25,032,264 | | | | | $ | 379,080,970 | | |
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Equity contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 21,247 | | | | Net Variation Margin on Futures Contracts* | | | | $ | 9,393 | | |
Total | | | | | | | $ | 21,247 | | | | | | | | $ | 9,393 | | |
|
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Equity contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 81,178 | | | | Net Variation Margin on Futures Contracts* | | | | $ | — | | |
Total | | | | | | | $ | 81,178 | | | | | | | | $ | — | | |
|
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Interest rate contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 167,152 | | | | Net Variation Margin on Futures Contracts* | | | | $ | 120,230 | | |
Total | | | | | | | $ | 167,152 | | | | | | | | $ | 120,230 | | |
|
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) from | | ||||||||||||
Equity contracts risk | | | Futures Contracts | | | | $ | 234,738 | | | | Futures Contracts | | | | $ | 11,854 | | |
|
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) from | | ||||||||||||
Equity contracts risk | | | Futures Contracts | | | | $ | (272,908) | | | | Futures Contracts | | | | $ | 81,178 | | |
|
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) from | | ||||||||||||
Interest rate contracts risk | | | Futures Contracts | | | | $ | 96,672 | | | | Futures Contracts | | | | $ | 46,922 | | |
|
| | | Futures Contracts – Long | | | Futures Contracts – Short | | ||||||
PFM Multi-Manager Domestic Equity Fund | | | | $ | 2,151,008 | | | | | $ | — | | |
PFM Multi-Manager International Equity Fund | | | | $ | 1,893,125 | | | | | $ | — | | |
PFM Multi-Manager Fixed-Income Fund | | | | $ | 6,589,039 | | | | | $ | 4,807,834 | | |
November 29, 2018
| | | Beginning Account Value 4/1/18 | | | Ending Account Value 9/30/18 | | | Annualized Expense Ratio Based on the Period | | | Expenses Paid During the Period(1),(2) 4/1/18 to 9/30/18 | | ||||||||||||
PFM Multi-Manager Domestic Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,074.90 | | | | | | 0.38% | | | | | $ | 1.98 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.16 | | | | | | 0.38% | | | | | $ | 1.93 | | |
PFM Multi-Manager International Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 969.00 | | | | | | 0.63% | | | | | $ | 3.11 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.91 | | | | | | 0.63% | | | | | $ | 3.19 | | |
PFM Multi-Manager Fixed-Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,012.70 | | | | | | 0.55% | | | | | $ | 2.78 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.31 | | | | | | 0.55% | | | | | $ | 2.79 | | |
Name, Address, and Year of Birth | | | Position(s) held with Trust | | | Term of Office** and Length of Time Served | | | Principal Occupation During Past Five Years and Relevant Experience | | | Number of Funds in Fund Complex Overseen by Trustee | | | Other Directorships Held by Trustee During the Past Five Years. | |
Independent Trustees | | |||||||||||||||
Bruce Aronow 213 Market Street Harrisburg, PA 17101 Year of birth: 1965 | | | Trustee and Chair of the Board and Chair of the Audit Committee | | | Term: Indefinite Elected: November 2017 | | | Chief Executive Officer, eLocalUSA LLC (advertising) (2008 – Present) | | | 3 | | | Trustee, Copeland Trust (2010 – Present). | |
Robert Bernstein 213 Market Street Harrisburg, PA 17101 Year of birth: 1954 | | | Trustee | | | Term: Indefinite Elected: November 2017 | | | Co-Founder, Senior Managing Director, Chief Investment Strategist, Envestnet Retirement Solutions (financial technology) (2009 – Present) | | | 3 | | | Board Member, Fay Financial, Inc. (mortgage servicer) (2012 – Present); Board Chairman and Treasurer, Guitars Over Guns Organization (nonprofit). | |
Carmen A. Heredia-Lopez 213 Market Street Harrisburg, PA 17101 Year of birth: 1970 | | | Trustee and Chair of the Nominating and Governance Committee | | | Term: Indefinite Elected: November 2017 | | | Chief Investment Officer of Illinois Student Assistance Commission (2018 – Present); Director of Foundation Investments, W.K. Kellogg Foundation (private foundation) (2014 – 2017) Chief Investment Officer and Director of Investments, Chicago Teachers Pension Fund (2010 – 2013) | | | 3 | | | Trustee, Catholic United Investment Trust (2015 – Present); and Director, Prospanica (2013 – Present). | |
Interested Trustee | | |||||||||||||||
John Spagnola1 1735 Market Street, 43rd Floor Philadelphia, PA 19103 Year of birth: 1957 | | | Trustee | | | Term: Indefinite Elected: November 2017 | | | Managing Director, PFM Asset Management LLC (2002 – Present); Board member | | | 3 | | | Board Member, St. Rose of Lima Elementary School (2009 – Present); Director, Magee Rehabilitation Hospital (2008 – Present); and Board Member, Greater Philadelphia Chamber of Commerce Advisory Board (2004 – Present). | |
| Name, Address, and Year of Birth | | �� | Position(s) held with Trust | | | Term of Office and Length of Time Served | | | Principal Occupation During Past Five Years | |
| John Spagnola PFM Asset Management LLC 1735 Market Street, 43rd Floor Philadelphia, PA 19103 Year of birth: 1957 | | | President and Chief Executive Officer | | | Term: Indefinite Elected: November 2017 | | | Managing Director, PFM Asset Management LLC (2002 – present); Board member, Greater Philadelphia Chamber of Commerce (2004 to present); Board of Directors, Magee Rehabilitation Hospital, 2008 to present; Advisory Board, St. Rose of Lima Parish, 2008 to present | |
| Mark Yasenchak PFM Asset Management LLC 213 Market Street Harrisburg, PA 17101 Year of birth: 1979 | | | Treasurer | | | Term: Indefinite Elected: November 2017 | | | Director, PFM Asset Management LLC (2003 – present) | |
| Leo Karwejna PFM Asset Management LLC 213 Market Street Harrisburg, PA 17101 Year of birth: 1976 | | | Chief Compliance Officer | | | Term: Indefinite Elected: November 2017 | | | Managing Director, PFM Asset Management LLC (2011 – present); Vice President — Chief Compliance Officer, Prudential Investment Management (2008 – 2011) | |
| Khimmara Greer State Street Bank & Trust Company 100 Summer Street, 7th Floor Boston, MA 02111 Year of birth: 1983 | | | Secretary | | | Term: Indefinite Elected: September 2018 | | | Vice President and Counsel, State Street Bank and Trust Company (2015 – present); Regulatory Advisor, JPMorgan (2014 – 2015); Claims Case Manager, Liberty Mutual Insurance (2012 – 2014); Contract Attorney, Various Law Firms (2011-2012). | |
Harrisburg, Pennsylvania 17101
Harrisburg, Pennsylvania 17101
Boston, Massachusetts 02111
Philadelphia, Pennsylvania 19103
Philadelphia, Pennsylvania 19103
Harrisburg, Pennsylvania 17101
1.833.736.6678
Item 2. Code of Ethics.
(a) | As of the end of the period covered by this report, PFM Multi-Manager Series Trust (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, regardless of whether these individuals are employed by the Registrant or a third party (the “Code of Ethics”). |
(c) | There have been no amendments, during the period covered by this report, to a provision of the 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, regardless of whether these individuals are employed by the Registrant or a third party, and that relates to any element of the Code of Ethics description in paragraph (b) of Item 2 of Form N-CSR. |
(d) | The Registrant has not, during the period covered by this report, granted any waivers, including an implicit waiver, from a provision of the 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, regardless of whether these individuals are employed by the Registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this Item’s instructions. |
(e) | Not applicable. |
(f) | The Code of Ethics is attached hereto as exhibit 13(a)(1). |
Item 3. Audit Committee Financial Expert.
The Board of Trustees of the Registrant (the “Board”) has determined that the Registrant has three “audit committee financial experts”, as that term is defined under Item 3(b) and 3(c) of Form N-CSR, serving on its audit committee. The audit committee financial experts serving on the Registrant’s audit committee are Bruce Aronow, Robert Bernstein and Carmen Heredia-Lopez, who are “independent” trustees of the Registrant, as that term is defined under Item 3(a)(2) of Form N-CSR. The designation of Mr. Aronow, Mr. Bernstein and Ms. Heredia-Lopez as “audit committee financial experts” pursuant to Item 3 of Form N CSR does not (i) impose upon them any duties, obligations, or liabilities that are greater than the duties, obligations and liabilities imposed upon them as a member of the Registrant’s audit committee or Board in the absence of such designation; or (ii) affect the duties, obligations or liabilities of any other member of the Registrant’s audit committee or Board.
Item 4. Principal Accountant Fees and Services.
Audit Fees
(a) | For the period of December 29, 2017 (commencement of operations) through September 30, 2018, the aggregate fees billed for professional services rendered by Ernst & Young LLP (“EY”), the Registrant’s principal accountant, for the audit of the Registrant's annual financial statements or services that are normally provided by EY in connection with the Registrant’s statutory and regulatory filings or engagements was $190,000. |
Audit-Related Fees
(b) | For the period of December 29, 2017 (commencement of operations) through September 30, 2018, the aggregate fees billed for assurance and related services by EY that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item was $22,500. These services were comprised of performing security examinations pursuant to Rule 17f-2 under the Investment Company Act of 1940, as amended. |
Tax Fees
(c) | The aggregate fees billed for professional services rendered by EY to the Registrant for tax compliance, tax advice, tax planning and tax return preparation for the period of December 29, 2017 (commencement of operations) through September 30, 2018 was $16,850. |
All Other Fees
(d) | For the period of December 29, 2017 (commencement of operations) through September 30, 2018, the aggregate fees billed for products and services provided by EY, other than the services reported in paragraphs (a) through (c) of this Item was $0. |
(e)(1) | The Registrant’s audit committee has adopted Pre-Approval Policies and Procedures that require the audit committee to pre-approve all audit and non-audit services of the Registrant, including non-audit services provided to the Registrant's investment adviser(s) and to any affiliate of the investment adviser(s) that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. |
(e)(2) | The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
(f) | Not applicable. |
(g) | The aggregate non-audit fees billed by the Registrant's accountant for services rendered to the Registrant, and rendered to the Registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the Registrant for the period of December 29, 2017 (commencement of operations) through September 30, 2018 of the Registrant was $0. |
(h) | Not applicable. |
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s Board.
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 the report that includes the disclosure required by this paragraph, based on their evaluation of these 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 (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 Registrant’s last fiscal quarter of 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.
(a) Not applicable.
(b) Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics, that is the subject of disclosure required by Item 2, is attached hereto. |
(a)(2) | Certifications of the principal executive officer and principal financial and accounting officer of the Registrant, as required by Rule 30a-2(a) under the 1940 Act, are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications of the principal executive officer and principal financial and accounting officer of the Registrant, as required by Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002, are attached hereto. |
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: | PFM Multi-Manager Series Trust |
By: | /s/ John Spagnola |
John Spagnola | |
President (Principal Executive Officer) | |
Date: | December 7, 2018 |
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: | /s/ John Spagnola _ |
John Spagnola | |
President (Principal Executive Officer) | |
Date: | December 7, 2018 |
By: | /s/ Mark Yasenchak |
Mark Yasenchak | |
Treasurer (Principal Financial Officer) | |
Date: | December 7, 2018 |