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
_____________________________________________________________________________
(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: March 31, 2019
Item 1. Reports to Stockholders.
SEMI-ANNUAL REPORT
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call 1-833-736-6678 or visit us online at www.pfm.com/multiassetfunds
PFM Asset Management LLC
Sector Diversification | | | % | | |||
Communication Services | | | | | 1.9 | | |
Consumer Discretionary | | | | | 11.5 | | |
Consumer Staples | | | | | 6.7 | | |
Energy | | | | | 4.6 | | |
Financials | | | | | 14.6 | | |
Health Care | | | | | 14.6 | | |
Industrials | | | | | 10.8 | | |
Information Technology | | | | | 23.0 | | |
Materials | | | | | 3.4 | | |
Real Estate | | | | | 3.6 | | |
Utilities | | | | | 2.9 | | |
Cash Equivalents and Other | | | | | 2.4 | | |
Sector Diversification | | | % | | |||
Communication Services | | | | | 3.2 | | |
Consumer Discretionary | | | | | 11.1 | | |
Consumer Staples | | | | | 9.5 | | |
Energy | | | | | 5.6 | | |
Financials | | | | | 18.7 | | |
Health Care | | | | | 8.6 | | |
Industrial | | | | | 0.0 | | |
Industrials | | | | | 14.5 | | |
Information Technology | | | | | 11.7 | | |
Materials | | | | | 7.9 | | |
Real Estate | | | | | 2.3 | | |
Utilities | | | | | 2.0 | | |
Cash Equivalents and Other | | | | | 4.8 | | |
Region Diversification | | | % | | |||
EM Asia | | | | | 14.3 | | |
EM Europe, Middle East & Africa | | | | | 2.3 | | |
EM Latin America | | | | | 2.1 | | |
Europe & Middle East ex UK | | | | | 36.3 | | |
Japan | | | | | 14.7 | | |
North America | | | | | 6.1 | | |
Pacific ex Japan | | | | | 6.9 | | |
UK | | | | | 12.4 | | |
Cash Equivalents and Other | | | | | 4.9 | | |
Sector Diversification | | | % | | |||
Asset-Backed Securities | | | | | 13.4 | | |
Bank Loans | | | | | 0.2 | | |
Commercial Mortgage-Backed Securities | | | | | 9.9 | | |
Corporate Bonds | | | | | 42.7 | | |
Foreign Corporate Bonds | | | | | 3.4 | | |
Foreign Government Agencies | | | | | 0.5 | | |
Foreign Government Obligations | | | | | 0.9 | | |
Municipal Bonds | | | | | 1.7 | | |
Supranational Bonds | | | | | 1.5 | | |
U.S. Government Agencies | | | | | 11.6 | | |
U.S. Government Obligations | | | | | 11.9 | | |
Cash Equivalents and Other | | | | | 2.3 | | |
Credit Quality Diversification | | | % | | |||
AAA | | | | | 23.9 | | |
AA | | | | | 7.7 | | |
A | | | | | 13.8 | | |
BBB | | | | | 17.6 | | |
BB | | | | | 6.2 | | |
B | | | | | 6.2 | | |
Below B | | | | | 1.7 | | |
Cash & Not Rated | | | | | 23.0 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 97.6% | | ||||||||||||
COMMUNICATION SERVICES – 1.9% | | ||||||||||||
AT&T, Inc. | | | | | 221,843 | | | | | $ | 6,956,996 | | |
ATN International, Inc. | | | | | 100 | | | | | | 5,639 | | |
Boingo Wireless, Inc.(a) | | | | | 400 | | | | | | 9,312 | | |
CenturyLink, Inc. | | | | | 17,800 | | | | | | 213,422 | | |
Cincinnati Bell, Inc.(a) | | | | | 563 | | | | | | 5,371 | | |
Cogent Communications Holdings, Inc. | | | | | 900 | | | | | | 48,825 | | |
Consolidated Communications Holdings, Inc. | | | | | 700 | | | | | | 7,637 | | |
Fox Corp., Class A(a) | | | | | 6,333 | | | | | | 232,484 | | |
Fox Corp., Class B(a) | | | | | 3,000 | | | | | | 107,640 | | |
Frontier Communications Corp.(a) | | | | | 900 | | | | | | 1,791 | | |
Intelsat S.A.(a) | | | | | 745 | | | | | | 11,667 | | |
Iridium Communications, Inc.(a) | | | | | 2,100 | | | | | | 55,524 | | |
NII Holdings, Inc.(a) | | | | | 3,600 | | | | | | 7,056 | | |
ORBCOMM, Inc.(a) | | | | | 800 | | | | | | 5,424 | | |
Shenandoah Telecommunications Co. | | | | | 1,000 | | | | | | 44,360 | | |
Sprint Corp.(a) | | | | | 12,000 | | | | | | 67,800 | | |
T-Mobile US, Inc.(a) | | | | | 5,100 | | | | | | 352,410 | | |
Telephone & Data Systems, Inc. | | | | | 1,900 | | | | | | 58,387 | | |
Tribune Publishing Co.(a) | | | | | 200 | | | | | | 2,358 | | |
United States Cellular Corp.(a) | | | | | 200 | | | | | | 9,182 | | |
Verizon Communications, Inc. | | | | | 71,500 | | | | | | 4,227,795 | | |
Vonage Holdings Corp.(a) | | | | | 3,900 | | | | | | 39,156 | | |
Zayo Group Holdings, Inc.(a) | | | | | 4,300 | | | | | | 122,206 | | |
Total Communication Services | | | | | 12,592,442 | | | ||||||
CONSUMER DISCRETIONARY – 11.5% | | ||||||||||||
1-800-Flowers.com, Inc., Class A(a) | | | | | 300 | | | | | | 5,469 | | |
Aaron’s, Inc. | | | | | 1,400 | | | | | | 73,640 | | |
Abercrombie & Fitch Co., Class A | | | | | 800 | | | | | | 21,928 | | |
Acushnet Holdings Corp. | | | | | 400 | | | | | | 9,256 | | |
Adient PLC | | | | | 1,600 | | | | | | 20,736 | | |
Adtalem Global Education, Inc.(a) | | | | | 1,100 | | | | | | 50,952 | | |
Advance Auto Parts, Inc. | | | | | 3,700 | | | | | | 630,961 | | |
Amazon.com, Inc.(a) | | | | | 7,130 | | | | | | 12,696,747 | | |
AMC Entertainment Holdings, Inc., Class A | | | | | 600 | | | | | | 8,910 | | |
AMC Networks, Inc., Class A(a) | | | | | 900 | | | | | | 51,084 | | |
America’s Car-Mart, Inc.(a) | | | | | 100 | | | | | | 9,134 | | |
American Axle & Manufacturing Holdings, Inc.(a) | | | | | 2,400 | | | | | | 34,344 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
American Eagle Outfitters, Inc. | | | | | 3,000 | | | | | $ | 66,510 | | |
American Outdoor Brands Corp.(a) | | | | | 600 | | | | | | 5,604 | | |
American Public Education, Inc.(a) | | | | | 200 | | | | | | 6,024 | | |
Aptiv PLC | | | | | 4,300 | | | | | | 341,807 | | |
Aramark | | | | | 4,600 | | | | | | 135,930 | | |
Asbury Automotive Group, Inc.(a) | | | | | 500 | | | | | | 34,680 | | |
Ascena Retail Group, Inc.(a) | | | | | 2,000 | | | | | | 2,160 | | |
At Home Group, Inc.(a) | | | | | 600 | | | | | | 10,716 | | |
Autoliv, Inc. | | | | | 3,838 | | | | | | 282,208 | | |
AutoNation, Inc.(a) | | | | | 1,200 | | | | | | 42,864 | | |
AutoZone, Inc.(a) | | | | | 400 | | | | | | 409,648 | | |
Barnes & Noble, Inc. | | | | | 700 | | | | | | 3,801 | | |
Beazer Homes USA, Inc.(a) | | | | | 400 | | | | | | 4,604 | | |
Bed Bath & Beyond, Inc. | | | | | 2,900 | | | | | | 49,271 | | |
Belmond Ltd., Class A(a) | | | | | 1,900 | | | | | | 47,367 | | |
Best Buy Co., Inc. | | | | | 3,800 | | | | | | 270,028 | | |
Big Lots, Inc. | | | | | 500 | | | | | | 19,010 | | |
BJ’s Restaurants, Inc. | | | | | 200 | | | | | | 9,456 | | |
Bloomin' Brands, Inc. | | | | | 1,800 | | | | | | 36,810 | | |
Booking Holdings, Inc.(a) | | | | | 780 | | | | | | 1,361,030 | | |
Boot Barn Holdings, Inc.(a) | | | | | 200 | | | | | | 5,888 | | |
BorgWarner, Inc. | | | | | 4,000 | | | | | | 153,640 | | |
Boyd Gaming Corp. | | | | | 1,900 | | | | | | 51,984 | | |
Bright Horizons Family Solutions, Inc.(a) | | | | | 1,100 | | | | | | 139,821 | | |
Brinker International, Inc. | | | | | 1,000 | | | | | | 44,380 | | |
Brunswick Corp. | | | | | 1,700 | | | | | | 85,561 | | |
Buckle, Inc. (The) | | | | | 300 | | | | | | 5,616 | | |
Burlington Stores, Inc.(a) | | | | | 1,100 | | | | | | 172,348 | | |
Cable One, Inc. | | | | | 100 | | | | | | 98,138 | | |
Caesars Entertainment Corp.(a) | | | | | 11,100 | | | | | | 96,459 | | |
Caleres, Inc. | | | | | 500 | | | | | | 12,345 | | |
Callaway Golf Co. | | | | | 2,400 | | | | | | 38,232 | | |
Camping World Holdings, Inc., Class A | | | | | 400 | | | | | | 5,564 | | |
Capri Holdings Ltd.(a) | | | | | 2,700 | | | | | | 123,525 | | |
Career Education Corp.(a) | | | | | 800 | | | | | | 13,216 | | |
CarMax, Inc.(a) | | | | | 3,100 | | | | | | 216,380 | | |
Carnival Corp. | | | | | 6,700 | | | | | | 339,824 | | |
Carriage Services, Inc. | | | | | 200 | | | | | | 3,850 | | |
Carrols Restaurant Group, Inc.(a) | | | | | 400 | | | | | | 3,988 | | |
Carter’s, Inc. | | | | | 800 | | | | | | 80,632 | | |
Carvana Co.(a) | | | | | 700 | | | | | | 40,642 | | |
Cato Corp. (The), Class A | | | | | 300 | | | | | | 4,494 | | |
Cavco Industries, Inc.(a) | | | | | 100 | | | | | | 11,753 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
CBS Corp., Class B, NVDR | | | | | 6,000 | | | | | $ | 285,180 | | |
Central European Media Enterprises Ltd., Class A(a) | | | | | 900 | | | | | | 3,582 | | |
Century Communities, Inc.(a) | | | | | 200 | | | | | | 4,794 | | |
Charter Communications, Inc., Class A(a) | | | | | 2,900 | | | | | | 1,006,039 | | |
Cheesecake Factory, Inc. (The) | | | | | 900 | | | | | | 44,028 | | |
Chegg, Inc.(a) | | | | | 2,200 | | | | | | 83,864 | | |
Chico’s FAS, Inc. | | | | | 1,500 | | | | | | 6,405 | | |
Children’s Place, Inc. (The) | | | | | 200 | | | | | | 19,456 | | |
Chipotle Mexican Grill, Inc.(a) | | | | | 400 | | | | | | 284,124 | | |
Choice Hotels International, Inc. | | | | | 700 | | | | | | 54,418 | | |
Churchill Downs, Inc. | | | | | 600 | | | | | | 54,156 | | |
Chuy’s Holdings, Inc.(a) | | | | | 200 | | | | | | 4,554 | | |
Cinemark Holdings, Inc. | | | | | 1,800 | | | | | | 71,982 | | |
Citi Trends, Inc. | | | | | 200 | | | | | | 3,862 | | |
Columbia Sportswear Co. | | | | | 600 | | | | | | 62,508 | | |
Comcast Corp., Class A | | | | | 77,500 | | | | | | 3,098,450 | | |
Conn’s, Inc.(a) | | | | | 200 | | | | | | 4,572 | | |
Cooper Tire & Rubber Co. | | | | | 1,100 | | | | | | 32,879 | | |
Cooper-Standard Holdings, Inc.(a) | | | | | 200 | | | | | | 9,392 | | |
Core-Mark Holding Co., Inc. | | | | | 1,200 | | | | | | 44,556 | | |
Cracker Barrel Old Country Store, Inc. | | | | | 300 | | | | | | 48,483 | | |
Crocs, Inc.(a) | | | | | 1,500 | | | | | | 38,625 | | |
Culp, Inc. | | | | | 100 | | | | | | 1,923 | | |
Dana, Inc. | | | | | 3,200 | | | | | | 56,768 | | |
Darden Restaurants, Inc. | | | | | 2,300 | | | | | | 279,381 | | |
Dave & Buster’s Entertainment, Inc. | | | | | 900 | | | | | | 44,883 | | |
Deckers Outdoor Corp.(a) | | | | | 600 | | | | | | 88,194 | | |
Del Frisco’s Restaurant Group, Inc.(a) | | | | | 200 | | | | | | 1,282 | | |
Del Taco Restaurants, Inc.(a) | | | | | 400 | | | | | | 4,024 | | |
Denny’s Corp.(a) | | | | | 700 | | | | | | 12,845 | | |
Designer Brands, Inc. | | | | | 1,500 | | | | | | 33,330 | | |
Dick’s Sporting Goods, Inc. | | | | | 1,600 | | | | | | 58,896 | | |
Dillard’s, Inc., Class A | | | | | 200 | | | | | | 14,404 | | |
Dine Brands Global, Inc. | | | | | 400 | | | | | | 36,516 | | |
Discovery, Inc., Class A(a) | | | | | 2,600 | | | | | | 70,252 | | |
Discovery, Inc., Class C(a) | | | | | 6,500 | | | | | | 165,230 | | |
DISH Network Corp., Class A(a) | | | | | 4,400 | | | | | | 139,436 | | |
Dollar General Corp. | | | | | 4,500 | | | | | | 536,850 | | |
Dollar Tree, Inc.(a) | | | | | 27,350 | | | | | | 2,872,844 | | |
Domino’s Pizza, Inc. | | | | | 800 | | | | | | 206,480 | | |
Dorman Products, Inc.(a) | | | | | 600 | | | | | | 52,854 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
DR Horton, Inc. | | | | | 6,400 | | | | | $ | 264,832 | | |
Drive Shack, Inc.(a) | | | | | 700 | | | | | | 3,143 | | |
Dunkin' Brands Group, Inc. | | | | | 1,500 | | | | | | 112,650 | | |
Eldorado Resorts, Inc.(a) | | | | | 1,300 | | | | | | 60,697 | | |
Emerald Expositions Events, Inc. | | | | | 200 | | | | | | 2,540 | | |
Entercom Communications Corp., Class A | | | | | 1,500 | | | | | | 7,875 | | |
Entravision Communications Corp., Class A | | | | | 800 | | | | | | 2,592 | | |
Eros International PLC(a) | | | | | 400 | | | | | | 3,656 | | |
Ethan Allen Interiors, Inc. | | | | | 300 | | | | | | 5,739 | | |
EW Scripps Co. (The), Class A | | | | | 700 | | | | | | 14,700 | | |
Expedia Group, Inc. | | | | | 1,900 | | | | | | 226,100 | | |
Express, Inc.(a) | | | | | 900 | | | | | | 3,852 | | |
Extended Stay America, Inc., UNIT | | | | | 3,300 | | | | | | 59,235 | | |
Fiesta Restaurant Group, Inc.(a) | | | | | 300 | | | | | | 3,933 | | |
Five Below, Inc.(a) | | | | | 1,000 | | | | | | 124,250 | | |
Flexsteel Industries, Inc. | | | | | 100 | | | | | | 2,319 | | |
Floor & Decor Holdings, Inc., Class A(a) | | | | | 800 | | | | | | 32,976 | | |
Foot Locker, Inc. | | | | | 2,300 | | | | | | 139,380 | | |
Ford Motor Co. | | | | | 66,200 | | | | | | 581,236 | | |
Fossil Group, Inc.(a) | | | | | 500 | | | | | | 6,860 | | |
Fox Factory Holding Corp.(a) | | | | | 700 | | | | | | 48,923 | | |
frontdoor, Inc.(a) | | | | | 1,900 | | | | | | 65,398 | | |
G-III Apparel Group Ltd.(a) | | | | | 1,100 | | | | | | 43,956 | | |
GameStop Corp., Class A | | | | | 2,500 | | | | | | 25,400 | | |
Gannett Co., Inc. | | | | | 1,300 | | | | | | 13,702 | | |
Gap, Inc. (The) | | | | | 4,200 | | | | | | 109,956 | | |
Garmin Ltd. | | | | | 2,000 | | | | | | 172,700 | | |
Garrett Motion, Inc.(a) | | | | | 1,150 | | | | | | 16,940 | | |
GCI Liberty, Inc., Class A(a) | | | | | 2,000 | | | | | | 111,220 | | |
General Motors Co. | | | | | 22,300 | | | | | | 827,330 | | |
Genesco, Inc.(a) | | | | | 200 | | | | | | 9,110 | | |
Gentex Corp. | | | | | 4,900 | | | | | | 101,332 | | |
Gentherm, Inc.(a) | | | | | 400 | | | | | | 14,744 | | |
Genuine Parts Co. | | | | | 2,400 | | | | | | 268,872 | | |
Golden Entertainment, Inc.(a) | | | | | 200 | | | | | | 2,832 | | |
Goodyear Tire & Rubber Co. (The) | | | | | 4,300 | | | | | | 78,045 | | |
GoPro, Inc., Class A(a) | | | | | 1,200 | | | | | | 7,800 | | |
Graham Holdings Co., Class B | | | | | 70 | | | | | | 47,823 | | |
Grand Canyon Education, Inc.(a) | | | | | 800 | | | | | | 91,608 | | |
Gray Television, Inc.(a) | | | | | 2,100 | | | | | | 44,856 | | |
Green Brick Partners, Inc.(a) | | | | | 300 | | | | | | 2,625 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Group 1 Automotive, Inc. | | | | | 200 | | | | | $ | 12,940 | | |
Groupon, Inc.(a) | | | | | 6,300 | | | | | | 22,365 | | |
Guess?, Inc. | | | | | 700 | | | | | | 13,720 | | |
H&R Block, Inc. | | | | | 3,800 | | | | | | 90,972 | | |
Hanesbrands, Inc. | | | | | 6,700 | | | | | | 119,796 | | |
Harley-Davidson, Inc. | | | | | 2,800 | | | | | | 99,848 | | |
Hasbro, Inc. | | | | | 2,100 | | | | | | 178,542 | | |
Haverty Furniture Cos., Inc. | | | | | 200 | | | | | | 4,376 | | |
Helen of Troy Ltd.(a) | | | | | 500 | | | | | | 57,980 | | |
Hibbett Sports, Inc.(a) | | | | | 200 | | | | | | 4,562 | | |
Hilton Grand Vacations, Inc.(a) | | | | | 2,000 | | | | | | 61,700 | | |
Hilton Worldwide Holdings, Inc. | | | | | 4,600 | | | | | | 382,306 | | |
Home Depot, Inc. (The) | | | | | 35,255 | | | | | | 6,765,082 | | |
Hooker Furniture Corp. | | | | | 100 | | | | | | 2,883 | | |
Houghton Mifflin Harcourt Co.(a) | | | | | 1,200 | | | | | | 8,724 | | |
Hudson Ltd., Class A(a) | | | | | 500 | | | | | | 6,875 | | |
Hyatt Hotels Corp., Class A | | | | | 700 | | | | | | 50,799 | | |
IMAX Corp.(a) | | | | | 600 | | | | | | 13,608 | | |
Installed Building Products, Inc.(a) | | | | | 200 | | | | | | 9,700 | | |
International Game Technology PLC | | | | | 2,500 | | | | | | 32,475 | | |
International Speedway Corp., Class A | | | | | 300 | | | | | | 13,089 | | |
Interpublic Group of Cos., Inc. (The) | | | | | 7,300 | | | | | | 153,373 | | |
iRobot Corp.(a) | | | | | 500 | | | | | | 58,845 | | |
Jack in the Box, Inc. | | | | | 600 | | | | | | 48,636 | | |
JC Penney Co., Inc.(a) | | | | | 3,600 | | | | | | 5,364 | | |
John Wiley & Sons, Inc., Class A | | | | | 7,500 | | | | | | 331,650 | | |
Johnson Outdoors, Inc., Class A | | | | | 100 | | | | | | 7,136 | | |
K12, Inc.(a) | | | | | 400 | | | | | | 13,652 | | |
KB Home | | | | | 1,900 | | | | | | 45,923 | | |
Kohl’s Corp. | | | | | 2,900 | | | | | | 199,433 | | |
L Brands, Inc. | | | | | 4,000 | | | | | | 110,320 | | |
La-Z-Boy, Inc. | | | | | 1,100 | | | | | | 36,289 | | |
Lands' End, Inc.(a) | | | | | 200 | | | | | | 3,322 | | |
Las Vegas Sands Corp. | | | | | 6,000 | | | | | | 365,760 | | |
Laureate Education, Inc., Class A(a) | | | | | 2,200 | | | | | | 32,934 | | |
LCI Industries | | | | | 500 | | | | | | 38,410 | | |
Lear Corp. | | | | | 1,200 | | | | | | 162,852 | | |
Leggett & Platt, Inc. | | | | | 2,400 | | | | | | 101,328 | | |
Lennar Corp., Class A | | | | | 5,000 | | | | | | 245,450 | | |
Lennar Corp., Class B | | | | | 200 | | | | | | 7,824 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
LGI Homes, Inc.(a) | | | | | 200 | | | | | $ | 12,048 | | |
Liberty Broadband Corp., Class A(a) | | | | | 600 | | | | | | 54,984 | | |
Liberty Broadband Corp., Class C(a) | | | | | 2,000 | | | | | | 183,480 | | |
Liberty Expedia Holdings, Inc., Class A(a) | | | | | 1,100 | | | | | | 47,080 | | |
Liberty Latin America Ltd., Class A(a) | | | | | 600 | | | | | | 11,604 | | |
Liberty Latin America Ltd., Class C(a) | | | | | 1,600 | | | | | | 31,120 | | |
Liberty Media Corp.-Liberty Braves, Class C(a) | | | | | 400 | | | | | | 11,108 | | |
Liberty Media Corp.-Liberty Formula One, Class A(a) | | | | | 300 | | | | | | 10,212 | | |
Liberty Media Corp.-Liberty Formula One, Class C(a) | | | | | 3,700 | | | | | | 129,685 | | |
Liberty Media Corp.-Liberty SiriusXM, Class A(a) | | | | | 1,500 | | | | | | 57,270 | | |
Liberty Media Corp.-Liberty SiriusXM, Class C(a) | | | | | 3,000 | | | | | | 114,720 | | |
Liberty TripAdvisor Holdings, Inc., Class A(a) | | | | | 800 | | | | | | 11,352 | | |
Lions Gate Entertainment Corp., Class A | | | | | 600 | | | | | | 9,384 | | |
Lions Gate Entertainment Corp., Class B | | | | | 1,200 | | | | | | 18,120 | | |
Lithia Motors, Inc., Class A | | | | | 300 | | | | | | 27,825 | | |
Live Nation Entertainment, Inc.(a) | | | | | 2,600 | | | | | | 165,204 | | |
LKQ Corp.(a) | | | | | 5,700 | | | | | | 161,766 | | |
Loral Space & Communications, Inc.(a) | | | | | 100 | | | | | | 3,605 | | |
Lowe’s Cos., Inc. | | | | | 13,800 | | | | | | 1,510,686 | | |
Lululemon Athletica, Inc.(a) | | | | | 1,600 | | | | | | 262,192 | | |
Lumber Liquidators Holdings, Inc.(a) | | | | | 300 | | | | | | 3,030 | | |
M/I Homes, Inc.(a) | | | | | 300 | | | | | | 7,986 | | |
Macy’s, Inc. | | | | | 5,800 | | | | | | 139,374 | | |
Madison Square Garden Co. (The), Class A(a) | | | | | 380 | | | | | | 111,389 | | |
Malibu Boats, Inc., Class A(a) | | | | | 200 | | | | | | 7,916 | | |
Marcus Corp. (The) | | | | | 200 | | | | | | 8,010 | | |
MarineMax, Inc.(a) | | | | | 200 | | | | | | 3,832 | | |
Marriott International, Inc., Class A | | | | | 4,800 | | | | | | 600,432 | | |
Marriott Vacations Worldwide Corp. | | | | | 630 | | | | | | 58,905 | | |
MasterCraft Boat Holdings, Inc.(a) | | | | | 200 | | | | | | 4,514 | | |
Mattel, Inc.(a) | | | | | 7,200 | | | | | | 93,600 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
McDonald’s Corp. | | | | | 13,400 | | | | | $ | 2,544,660 | | |
MDC Holdings, Inc. | | | | | 1,340 | | | | | | 38,940 | | |
Meredith Corp. | | | | | 800 | | | | | | 44,208 | | |
Meritage Homes Corp.(a) | | | | | 900 | | | | | | 40,239 | | |
MGM Resorts International | | | | | 9,100 | | | | | | 233,506 | | |
Michaels Cos., Inc. (The)(a) | | | | | 1,300 | | | | | | 14,846 | | |
Modine Manufacturing Co.(a) | | | | | 600 | | | | | | 8,322 | | |
Mohawk Industries, Inc.(a) | | | | | 1,100 | | | | | | 138,765 | | |
Monarch Casino & Resort, Inc.(a) | | | | | 100 | | | | | | 4,392 | | |
Monro, Inc. | | | | | 700 | | | | | | 60,564 | | |
Motorcar Parts of America, Inc.(a) | | | | | 200 | | | | | | 3,774 | | |
Movado Group, Inc. | | | | | 200 | | | | | | 7,276 | | |
MSG Networks, Inc., Class A(a) | | | | | 700 | | | | | | 15,225 | | |
Murphy USA, Inc.(a) | | | | | 600 | | | | | | 51,372 | | |
National CineMedia, Inc. | | | | | 700 | | | | | | 4,935 | | |
National Vision Holdings, Inc.(a) | | | | | 1,000 | | | | | | 31,430 | | |
Nautilus, Inc.(a) | | | | | 300 | | | | | | 1,668 | | |
Netflix, Inc.(a) | | | | | 7,200 | | | | | | 2,567,232 | | |
New Media Investment Group, Inc. | | | | | 600 | | | | | | 6,300 | | |
New York Times Co. (The), Class A | | | | | 2,400 | | | | | | 78,840 | | |
Newell Brands, Inc. | | | | | 8,800 | | | | | | 134,992 | | |
News Corp., Class A | | | | | 6,900 | | | | | | 85,836 | | |
News Corp., Class B | | | | | 3,200 | | | | | | 39,968 | | |
Nexstar Media Group, Inc., Class A | | | | | 800 | | | | | | 86,696 | | |
NIKE, Inc., Class B | | | | | 21,200 | | | | | | 1,785,252 | | |
Nordstrom, Inc. | | | | | 2,000 | | | | | | 88,760 | | |
Norwegian Cruise Line Holdings Ltd.(a) | | | | | 3,900 | | | | | | 214,344 | | |
NVR, Inc.(a) | | | | | 60 | | | | | | 166,020 | | |
O'Reilly Automotive, Inc.(a) | | | | | 1,270 | | | | | | 493,141 | | |
Office Depot, Inc. | | | | | 13,400 | | | | | | 48,642 | | |
Ollie’s Bargain Outlet Holdings, Inc.(a) | | | | | 1,000 | | | | | | 85,330 | | |
Omnicom Group, Inc. | | | | | 4,100 | | | | | | 299,259 | | |
Overstock.com, Inc.(a) | | | | | 200 | | | | | | 3,324 | | |
Oxford Industries, Inc. | | | | | 200 | | | | | | 15,052 | | |
Papa John’s International, Inc. | | | | | 300 | | | | | | 15,885 | | |
Party City Holdco, Inc.(a) | | | | | 400 | | | | | | 3,176 | | |
Penn National Gaming, Inc.(a) | | | | | 2,252 | | | | | | 45,265 | | |
Penske Automotive Group, Inc. | | | | | 800 | | | | | | 35,720 | | |
PetMed Express, Inc. | | | | | 200 | | | | | | 4,556 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
PICO Holdings, Inc.(a) | | | | | 300 | | | | | $ | 2,970 | | |
Planet Fitness, Inc., Class A(a) | | | | | 1,600 | | | | | | 109,952 | | |
Polaris Industries, Inc. | | | | | 1,100 | | | | | | 92,873 | | |
Pool Corp. | | | | | 800 | | | | | | 131,976 | | |
Potbelly Corp.(a) | | | | | 300 | | | | | | 2,553 | | |
PulteGroup, Inc. | | | | | 4,300 | | | | | | 120,228 | | |
PVH Corp. | | | | | 1,400 | | | | | | 170,730 | | |
Qurate Retail, Inc.(a) | | | | | 7,200 | | | | | | 115,056 | | |
Ralph Lauren Corp. | | | | | 1,000 | | | | | | 129,680 | | |
RCI Hospitality Holdings, Inc. | | | | | 100 | | | | | | 2,297 | | |
Reading International, Inc., Class A(a) | | | | | 200 | | | | | | 3,192 | | |
Red Robin Gourmet Burgers, Inc.(a) | | | | | 100 | | | | | | 2,881 | | |
Red Rock Resorts, Inc., Class A | | | | | 1,500 | | | | | | 38,775 | | |
Regis Corp.(a) | | | | | 400 | | | | | | 7,868 | | |
Rent-A-Center, Inc.(a) | | | | | 500 | | | | | | 10,435 | | |
RH(a) | | | | | 400 | | | | | | 41,180 | | |
Roku, Inc.(a) | | | | | 1,000 | | | | | | 64,510 | | |
Ross Stores, Inc. | | | | | 6,200 | | | | | | 577,220 | | |
Royal Caribbean Cruises Ltd. | | | | | 2,800 | | | | | | 320,936 | | |
Ruth’s Hospitality Group, Inc. | | | | | 300 | | | | | | 7,677 | | |
Sally Beauty Holdings, Inc.(a) | | | | | 17,450 | | | | | | 321,255 | | |
Scholastic Corp. | | | | | 300 | | | | | | 11,928 | | |
Scientific Games Corp., Class A(a) | | | | | 1,300 | | | | | | 26,546 | | |
SeaWorld Entertainment, Inc.(a) | | | | | 800 | | | | | | 20,608 | | |
Service Corp. International | | | | | 3,300 | | | | | | 132,495 | | |
ServiceMaster Global Holdings, Inc.(a) | | | | | 2,100 | | | | | | 98,070 | | |
Shake Shack, Inc., Class A(a) | | | | | 300 | | | | | | 17,745 | | |
Shutterfly, Inc.(a) | | | | | 400 | | | | | | 16,256 | | |
Signet Jewelers Ltd. | | | | | 1,200 | | | | | | 32,592 | | |
Sinclair Broadcast Group, Inc., Class A | | | | | 1,400 | | | | | | 53,872 | | |
Sirius XM Holdings, Inc. | | | | | 29,944 | | | | | | 169,782 | | |
Six Flags Entertainment Corp. | | | | | 1,200 | | | | | | 59,220 | | |
Skechers U.S.A., Inc., Class A(a) | | | | | 2,400 | | | | | | 80,664 | | |
Skyline Champion Corp. | | | | | 900 | | | | | | 17,100 | | |
Sleep Number Corp.(a) | | | | | 400 | | | | | | 18,800 | | |
Sonic Automotive, Inc., Class A | | | | | 300 | | | | | | 4,443 | | |
Sotheby’s(a) | | | | | 400 | | | | | | 15,100 | | |
Standard Motor Products, Inc. | | | | | 200 | | | | | | 9,820 | | |
Starbucks Corp. | | | | | 20,800 | | | | | | 1,546,272 | | |
Steven Madden Ltd. | | | | | 1,650 | | | | | | 55,836 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
Stoneridge, Inc.(a) | | | | | 300 | | | | | $ | 8,658 | | |
Strategic Education, Inc. | | | | | 387 | | | | | | 50,817 | | |
Sturm Ruger & Co., Inc. | | | | | 200 | | | | | | 10,604 | | |
Superior Industries International, Inc. | | | | | 300 | | | | | | 1,428 | | |
Tailored Brands, Inc. | | | | | 600 | | | | | | 4,704 | | |
Tapestry, Inc. | | | | | 5,100 | | | | | | 165,699 | | |
Target Corp. | | | | | 9,000 | | | | | | 722,340 | | |
Taylor Morrison Home Corp., Class A(a) | | | | | 2,600 | | | | | | 46,150 | | |
TEGNA, Inc. | | | | | 4,200 | | | | | | 59,220 | | |
Tempur Sealy International, Inc.(a) | | | | | 900 | | | | | | 51,903 | | |
Tenneco, Inc., Class A | | | | | 1,100 | | | | | | 24,376 | | |
Tesla, Inc.(a) | | | | | 2,310 | | | | | | 646,477 | | |
Texas Roadhouse, Inc. | | | | | 1,200 | | | | | | 74,628 | | |
Thor Industries, Inc. | | | | | 900 | | | | | | 56,133 | | |
Tiffany & Co. | | | | | 2,300 | | | | | | 242,765 | | |
Tile Shop Holdings, Inc. | | | | | 500 | | | | | | 2,830 | | |
TJX Cos., Inc. (The) | | | | | 21,200 | | | | | | 1,128,052 | | |
Toll Brothers, Inc. | | | | | 2,300 | | | | | | 83,260 | | |
TopBuild Corp.(a) | | | | | 800 | | | | | | 51,856 | | |
Tower International, Inc. | | | | | 200 | | | | | | 4,206 | | |
Tractor Supply Co. | | | | | 7,950 | | | | | | 777,192 | | |
TRI Pointe Group, Inc.(a) | | | | | 3,100 | | | | | | 39,184 | | |
Tribune Media Co., Class A | | | | | 1,700 | | | | | | 78,438 | | |
TripAdvisor, Inc.(a) | | | | | 2,000 | | | | | | 102,900 | | |
Tupperware Brands Corp. | | | | | 600 | | | | | | 15,348 | | |
Ulta Salon Cosmetics & Fragrance, Inc.(a) | | | | | 2,730 | | | | | | 952,033 | | |
Under Armour, Inc., Class A(a) | | | | | 3,100 | | | | | | 65,534 | | |
Under Armour, Inc., Class C(a) | | | | | 3,200 | | | | | | 60,384 | | |
Unifi, Inc.(a) | | | | | 200 | | | | | | 3,870 | | |
Universal Electronics, Inc.(a) | | | | | 200 | | | | | | 7,430 | | |
Urban Outfitters, Inc.(a) | | | | | 1,400 | | | | | | 41,496 | | |
Vail Resorts, Inc. | | | | | 700 | | | | | | 152,110 | | |
VF Corp. | | | | | 5,500 | | | | | | 478,005 | | |
Viacom, Inc., Class A | | | | | 100 | | | | | | 3,245 | | |
Viacom, Inc., Class B | | | | | 5,600 | | | | | | 157,192 | | |
Vista Outdoor, Inc.(a) | | | | | 700 | | | | | | 5,607 | | |
Visteon Corp.(a) | | | | | 700 | | | | | | 47,145 | | |
Walt Disney Co. (The) | | | | | 53,193 | | | | | | 5,906,019 | | |
Wayfair, Inc., Class A(a) | | | | | 1,000 | | | | | | 148,450 | | |
Weight Watchers International, Inc.(a) | | | | | 700 | | | | | | 14,105 | | |
Wendy’s Co. (The) | | | | | 3,300 | | | | | | 59,037 | | |
Weyco Group, Inc. | | | | | 100 | | | | | | 3,096 | | |
Whirlpool Corp. | | | | | 1,100 | | | | | | 146,179 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER DISCRETIONARY – (continued) | | ||||||||||||
William Lyon Homes, Class A(a) | | | | | 400 | | | | | $ | 6,148 | | |
Williams-Sonoma, Inc. | | | | | 1,400 | | | | | | 78,778 | | |
Wingstop, Inc. | | | | | 600 | | | | | | 45,618 | | |
Winnebago Industries, Inc. | | | | | 400 | | | | | | 12,460 | | |
Wolverine World Wide, Inc. | | | | | 1,700 | | | | | | 60,741 | | |
World Wrestling Entertainment, Inc., Class A | | | | | 800 | | | | | | 69,424 | | |
Wyndham Destinations, Inc. | | | | | 1,800 | | | | | | 72,882 | | |
Wyndham Hotels & Resorts, Inc. | | | | | 1,700 | | | | | | 84,983 | | |
Wynn Resorts Ltd. | | | | | 1,900 | | | | | | 226,708 | | |
Yum China Holdings, Inc. | | | | | 6,000 | | | | | | 269,460 | | |
Yum! Brands, Inc. | | | | | 5,200 | | | | | | 519,012 | | |
ZAGG, Inc.(a) | | | | | 300 | | | | | | 2,721 | | |
Zumiez, Inc.(a) | | | | | 200 | | | | | | 4,978 | | |
Total Consumer Discretionary | | | | | 74,363,406 | | | ||||||
CONSUMER STAPLES – 6.7% | | ||||||||||||
Altria Group, Inc. | | | | | 32,600 | | | | | | 1,872,218 | | |
Andersons, Inc. (The) | | | | | 300 | | | | | | 9,669 | | |
Archer-Daniels-Midland Co. | | | | | 9,400 | | | | | | 405,422 | | |
B&G Foods, Inc. | | | | | 800 | | | | | | 19,536 | | |
BJ’s Wholesale Club Holdings, Inc.(a) | | | | | 2,800 | | | | | | 76,720 | | |
Boston Beer Co., Inc. (The), Class A(a) | | | | | 200 | | | | | | 58,946 | | |
Brown-Forman Corp., Class A | | | | | 1,000 | | | | | | 51,170 | | |
Brown-Forman Corp., Class B | | | | | 23,400 | | | | | | 1,235,052 | | |
Bunge Ltd. | | | | | 2,700 | | | | | | 143,289 | | |
Cal-Maine Foods, Inc. | | | | | 21,358 | | | | | | 953,208 | | |
Calavo Growers, Inc. | | | | | 200 | | | | | | 16,770 | | |
Campbell Soup Co. | | | | | 9,700 | | | | | | 369,861 | | |
Casey’s General Stores, Inc. | | | | | 600 | | | | | | 77,262 | | |
Central Garden & Pet Co.(a) | | | | | 100 | | | | | | 2,556 | | |
Central Garden & Pet Co., Class A(a) | | | | | 1,000 | | | | | | 23,250 | | |
Chefs' Warehouse, Inc. (The)(a) | | | | | 200 | | | | | | 6,210 | | |
Church & Dwight Co., Inc. | | | | | 4,500 | | | | | | 320,535 | | |
Clorox Co. (The) | | | | | 2,100 | | | | | | 336,966 | | |
Coca-Cola Co. (The) | | | | | 66,000 | | | | | | 3,092,760 | | |
Coca-Cola Consolidated, Inc. | | | | | 100 | | | | | | 28,783 | | |
Colgate-Palmolive Co. | | | | | 14,600 | | | | | | 1,000,684 | | |
Conagra Brands, Inc. | | | | | 8,498 | | | | | | 235,735 | | |
Constellation Brands, Inc., Class A | | | | | 2,800 | | | | | | 490,924 | | |
Costco Wholesale Corp. | | | | | 7,500 | | | | | | 1,816,050 | | |
Coty, Inc., Class A | | | | | 9,100 | | | | | | 104,650 | | |
Darling Ingredients, Inc.(a) | | | | | 3,200 | | | | | | 69,280 | | |
Dean Foods Co. | | | | | 1,000 | | | | | | 3,030 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER STAPLES – (continued) | | ||||||||||||
Diageo PLC, ADR | | | | | 9,283 | | | | | $ | 1,518,792 | | |
Edgewell Personal Care Co.(a) | | | | | 1,100 | | | | | | 48,279 | | |
elf Beauty, Inc.(a) | | | | | 200 | | | | | | 2,120 | | |
Energizer Holdings, Inc. | | | | | 1,000 | | | | | | 44,930 | | |
Estee Lauder Cos., Inc. (The), Class A | | | | | 12,275 | | | | | | 2,032,126 | | |
Flowers Foods, Inc. | | | | | 25,850 | | | | | | 551,122 | | |
Fresh Del Monte Produce, Inc. | | | | | 400 | | | | | | 10,812 | | |
Freshpet, Inc.(a) | | | | | 300 | | | | | | 12,687 | | |
General Mills, Inc. | | | | | 10,000 | | | | | | 517,500 | | |
Hain Celestial Group, Inc. (The)(a) | | | | | 1,200 | | | | | | 27,744 | | |
Henkel AG & Co. KGaA, ADR | | | | | 13,532 | | | | | | 321,520 | | |
Herbalife Nutrition Ltd.(a) | | | | | 1,900 | | | | | | 100,681 | | |
Hershey Co. (The) | | | | | 2,600 | | | | | | 298,558 | | |
Hormel Foods Corp. | | | | | 13,400 | | | | | | 599,784 | | |
Hostess Brands, Inc.(a) | | | | | 2,400 | | | | | | 30,000 | | |
Ingles Markets, Inc., Class A | | | | | 200 | | | | | | 5,524 | | |
Ingredion, Inc. | | | | | 1,200 | | | | | | 113,628 | | |
Inter Parfums, Inc. | | | | | 200 | | | | | | 15,174 | | |
J&J Snack Foods Corp. | | | | | 300 | | | | | | 47,652 | | |
JM Smucker Co. (The) | | | | | 6,100 | | | | | | 710,650 | | |
John B Sanfilippo & Son, Inc. | | | | | 100 | | | | | | 7,187 | | |
Kellogg Co. | | | | | 4,600 | | | | | | 263,948 | | |
Keurig Dr Pepper, Inc. | | | | | 3,300 | | | | | | 92,301 | | |
Kimberly-Clark Corp. | | | | | 5,800 | | | | | | 718,620 | | |
Kraft Heinz Co. (The) | | | | | 11,000 | | | | | | 359,150 | | |
Kroger Co. (The) | | | | | 13,200 | | | | | | 324,720 | | |
Lamb Weston Holdings, Inc. | | | | | 2,600 | | | | | | 194,844 | | |
Lancaster Colony Corp. | | | | | 300 | | | | | | 47,007 | | |
Landec Corp.(a) | | | | | 300 | | | | | | 3,684 | | |
McCormick & Co., Inc. | | | | | 4,350 | | | | | | 655,240 | | |
Medifast, Inc. | | | | | 200 | | | | | | 25,510 | | |
MGP Ingredients, Inc. | | | | | 300 | | | | | | 23,145 | | |
Molson Coors Brewing Co., Class B | | | | | 9,600 | | | | | | 572,640 | | |
Mondelez International, Inc., Class A | | | | | 24,500 | | | | | | 1,223,040 | | |
Monster Beverage Corp.(a) | | | | | 6,700 | | | | | | 365,686 | | |
National Beverage Corp. | | | | | 100 | | | | | | 5,773 | | |
Nu Skin Enterprises, Inc., Class A | | | | | 900 | | | | | | 43,074 | | |
Oil-Dri Corp. of America | | | | | 100 | | | | | | 3,114 | | |
PepsiCo, Inc. | | | | | 24,400 | | | | | | 2,990,220 | | |
Performance Food Group Co.(a) | | | | | 1,800 | | | | | | 71,352 | | |
Philip Morris International, Inc. | | | | | 26,800 | | | | | | 2,368,852 | | |
Pilgrim’s Pride Corp.(a) | | | | | 600 | | | | | | 13,374 | | |
Post Holdings, Inc.(a) | | | | | 1,100 | | | | | | 120,340 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CONSUMER STAPLES – (continued) | | ||||||||||||
PriceSmart, Inc. | | | | | 300 | | | | | $ | 17,664 | | |
Primo Water Corp.(a) | | | | | 300 | | | | | | 4,638 | | |
Procter & Gamble Co. (The) | | | | | 43,000 | | | | | | 4,474,150 | | |
Rite Aid Corp.(a) | | | | | 12,300 | | | | | | 7,811 | | |
Sanderson Farms, Inc. | | | | | 21,393 | | | | | | 2,820,453 | | |
Seaboard Corp. | | | | | 3 | | | | | | 12,854 | | |
Simply Good Foods Co. (The)(a) | | | | | 900 | | | | | | 18,531 | | |
SpartanNash Co. | | | | | 400 | | | | | | 6,348 | | |
Spectrum Brands Holdings, Inc. | | | | | 825 | | | | | | 45,194 | | |
Sprouts Farmers Market, Inc.(a) | | | | | 2,500 | | | | | | 53,850 | | |
Sysco Corp. | | | | | 12,711 | | | | | | 848,586 | | |
Tootsie Roll Industries, Inc. | | | | | 206 | | | | | | 7,671 | | |
TreeHouse Foods, Inc.(a) | | | | | 7,000 | | | | | | 451,850 | | |
Tyson Foods, Inc., Class A | | | | | 4,900 | | | | | | 340,207 | | |
United Natural Foods, Inc.(a) | | | | | 600 | | | | | | 7,932 | | |
Universal Corp. | | | | | 300 | | | | | | 17,289 | | |
US Foods Holding Corp.(a) | | | | | 4,300 | | | | | | 150,113 | | |
USANA Health Sciences, Inc.(a) | | | | | 300 | | | | | | 25,161 | | |
Vector Group Ltd. | | | | | 1,155 | | | | | | 12,462 | | |
Walgreens Boots Alliance, Inc. | | | | | 13,800 | | | | | | 873,126 | | |
Walmart, Inc. | | | | | 30,356 | | | | | | 2,960,621 | | |
WD-40 Co. | | | | | 200 | | | | | | 33,888 | | |
Weis Markets, Inc. | | | | | 100 | | | | | | 4,081 | | |
Total Consumer Staples | | | | | 43,517,120 | | | ||||||
ENERGY – 4.6% | | ||||||||||||
Abraxas Petroleum Corp.(a) | | | | | 1,800 | | | | | | 2,250 | | |
Anadarko Petroleum Corp. | | | | | 8,400 | | | | | | 382,032 | | |
Antero Resources Corp.(a) | | | | | 3,900 | | | | | | 34,437 | | |
Apache Corp. | | | | | 6,300 | | | | | | 218,358 | | |
Apergy Corp.(a) | | | | | 1,500 | | | | | | 61,590 | | |
Arch Coal, Inc., Class A | | | | | 500 | | | | | | 45,635 | | |
Archrock, Inc. | | | | | 1,500 | | | | | | 14,670 | | |
Ardmore Shipping Corp.(a) | | | | | 400 | | | | | | 2,464 | | |
Baker Hughes a GE Co. | | | | | 9,600 | | | | | | 266,112 | | |
Basic Energy Services, Inc.(a) | | | | | 200 | | | | | | 760 | | |
Bonanza Creek Energy, Inc.(a) | | | | | 200 | | | | | | 4,538 | | |
Bristow Group, Inc.(a) | | | | | 400 | | | | | | 444 | | |
C&J Energy Services, Inc.(a) | | | | | 600 | | | | | | 9,312 | | |
Cabot Oil & Gas Corp. | | | | | 6,900 | | | | | | 180,090 | | |
Cactus, Inc., Class A(a) | | | | | 900 | | | | | | 32,040 | | |
California Resources Corp.(a) | | | | | 500 | | | | | | 12,855 | | |
Callon Petroleum Co.(a) | | | | | 4,100 | | | | | | 30,955 | | |
Cameco Corp. | | | | | 188,425 | | | | | | 2,221,531 | | |
CARBO Ceramics, Inc.(a) | | | | | 300 | | | | | | 1,050 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Carrizo Oil & Gas, Inc.(a) | | | | | 1,900 | | | | | $ | 23,693 | | |
Centennial Resource Development, Inc., Class A(a) | | | | | 2,600 | | | | | | 22,854 | | |
Cheniere Energy, Inc.(a) | | | | | 3,800 | | | | | | 259,768 | | |
Chesapeake Energy Corp.(a) | | | | | 18,501 | | | | | | 57,353 | | |
Chevron Corp. | | | | | 32,900 | | | | | | 4,052,622 | | |
Cimarex Energy Co. | | | | | 1,546 | | | | | | 108,066 | | |
Clean Energy Fuels Corp.(a) | | | | | 1,600 | | | | | | 4,944 | | |
CNX Resources Corp.(a) | | | | | 4,100 | | | | | | 44,157 | | |
Concho Resources, Inc. | | | | | 3,268 | | | | | | 362,617 | | |
ConocoPhillips | | | | | 19,500 | | | | | | 1,301,430 | | |
CONSOL Energy, Inc.(a) | | | | | 300 | | | | | | 10,266 | | |
Continental Resources, Inc.(a) | | | | | 1,700 | | | | | | 76,109 | | |
Covia Holdings Corp.(a) | | | | | 360 | | | | | | 2,012 | | |
CVR Energy, Inc. | | | | | 200 | | | | | | 8,240 | | |
Delek US Holdings, Inc. | | | | | 1,400 | | | | | | 50,988 | | |
Denbury Resources, Inc.(a) | | | | | 9,100 | | | | | | 18,655 | | |
Devon Energy Corp. | | | | | 8,700 | | | | | | 274,572 | | |
DHT Holdings, Inc. | | | | | 1,000 | | | | | | 4,460 | | |
Diamond Offshore Drilling, Inc.(a) | | | | | 700 | | | | | | 7,343 | | |
Diamondback Energy, Inc. | | | | | 2,637 | | | | | | 267,735 | | |
Dril-Quip, Inc.(a) | | | | | 900 | | | | | | 41,265 | | |
EOG Resources, Inc. | | | | | 9,900 | | | | | | 942,282 | | |
EQT Corp. | | | | | 4,600 | | | | | | 95,404 | | |
Equitrans Midstream Corp. | | | | | 4,180 | | | | | | 91,040 | | |
Exterran Corp.(a) | | | | | 400 | | | | | | 6,740 | | |
Extraction Oil & Gas, Inc.(a) | | | | | 1,400 | | | | | | 5,922 | | |
Exxon Mobil Corp. | | | | | 73,200 | | | | | | 5,914,560 | | |
Forum Energy Technologies, Inc.(a) | | | | | 900 | | | | | | 4,599 | | |
Frank’s International N.V.(a) | | | | | 600 | | | | | | 3,726 | | |
Frontline Ltd.(a) | | | | | 900 | | | | | | 5,814 | | |
FTS International, Inc.(a) | | | | | 300 | | | | | | 3,000 | | |
GasLog Ltd. | | | | | 500 | | | | | | 8,730 | | |
Golar LNG Ltd. | | | | | 2,000 | | | | | | 42,180 | | |
Green Plains, Inc. | | | | | 400 | | | | | | 6,672 | | |
Gulfport Energy Corp.(a) | | | | | 4,100 | | | | | | 32,882 | | |
Halcon Resources Corp.(a) | | | | | 1,600 | | | | | | 2,160 | | |
Halliburton Co. | | | | | 14,700 | | | | | | 430,710 | | |
Helix Energy Solutions Group, Inc.(a) | | | | | 1,600 | | | | | | 12,656 | | |
Helmerich & Payne, Inc. | | | | | 1,800 | | | | | | 100,008 | | |
Hess Corp. | | | | | 4,300 | | | | | | 258,989 | | |
HighPoint Resources Corp.(a) | | | | | 1,100 | | | | | | 2,431 | | |
HollyFrontier Corp. | | | | | 3,100 | | | | | | 152,737 | | |
International Seaways, Inc.(a) | | | | | 300 | | | | | | 5,142 | | |
Jagged Peak Energy, Inc.(a) | | | | | 700 | | | | | | 7,329 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Keane Group, Inc.(a) | | | | | 600 | | | | | $ | 6,534 | | |
Kinder Morgan, Inc. | | | | | 33,100 | | | | | | 662,331 | | |
KLX Energy Services Holdings, Inc.(a) | | | | | 360 | | | | | | 9,050 | | |
Kosmos Energy Ltd. | | | | | 431,550 | | | | | | 2,688,557 | | |
Laredo Petroleum, Inc.(a) | | | | | 1,900 | | | | | | 5,871 | | |
Liberty Oilfield Services, Inc., Class A | | | | | 1,300 | | | | | | 20,007 | | |
Mammoth Energy Services, Inc. | | | | | 100 | | | | | | 1,665 | | |
Marathon Oil Corp. | | | | | 15,400 | | | | | | 257,334 | | |
Marathon Petroleum Corp. | | | | | 11,379 | | | | | | 681,033 | | |
Matador Resources Co.(a) | | | | | 1,800 | | | | | | 34,794 | | |
Matrix Service Co.(a) | | | | | 300 | | | | | | 5,874 | | |
McDermott International, Inc.(a) | | | | | 3,100 | | | | | | 23,064 | | |
Murphy Oil Corp. | | | | | 3,400 | | | | | | 99,620 | | |
Nabors Industries Ltd. | | | | | 4,000 | | | | | | 13,760 | | |
National Oilwell Varco, Inc. | | | | | 6,700 | | | | | | 178,488 | | |
Newpark Resources, Inc.(a) | | | | | 1,000 | | | | | | 9,160 | | |
Nine Energy Service, Inc.(a) | | | | | 100 | | | | | | 2,265 | | |
Noble Corp. PLC(a) | | | | | 2,800 | | | | | | 8,036 | | |
Noble Energy, Inc. | | | | | 7,800 | | | | | | 192,894 | | |
Nordic American Tankers Ltd. | | | | | 1,600 | | | | | | 3,232 | | |
Northern Oil and Gas, Inc.(a) | | | | | 6,400 | | | | | | 17,536 | | |
Oasis Petroleum, Inc.(a) | | | | | 5,000 | | | | | | 30,200 | | |
Occidental Petroleum Corp. | | | | | 12,900 | | | | | | 853,980 | | |
Oceaneering International, Inc.(a) | | | | | 2,000 | | | | | | 31,540 | | |
Oil States International, Inc.(a) | | | | | 1,300 | | | | | | 22,048 | | |
ONEOK, Inc. | | | | | 6,900 | | | | | | 481,896 | | |
Panhandle Oil and Gas, Inc., Class A | | | | | 200 | | | | | | 3,140 | | |
Par Pacific Holdings, Inc.(a) | | | | | 400 | | | | | | 7,124 | | |
Parsley Energy, Inc., Class A(a) | | | | | 4,400 | | | | | | 84,920 | | |
Patterson-UTI Energy, Inc. | | | | | 3,600 | | | | | | 50,472 | | |
PBF Energy, Inc., Class A | | | | | 2,400 | | | | | | 74,736 | | |
PDC Energy, Inc.(a) | | | | | 1,100 | | | | | | 44,748 | | |
Peabody Energy Corp. | | | | | 1,800 | | | | | | 50,994 | | |
Penn Virginia Corp.(a) | | | | | 200 | | | | | | 8,820 | | |
Phillips 66 | | | | | 7,000 | | | | | | 666,190 | | |
Pioneer Energy Services Corp.(a) | | | | | 900 | | | | | | 1,593 | | |
Pioneer Natural Resources Co. | | | | | 2,800 | | | | | | 426,384 | | |
ProPetro Holding Corp.(a) | | | | | 1,700 | | | | | | 38,318 | | |
QEP Resources, Inc.(a) | | | | | 5,500 | | | | | | 42,845 | | |
Range Resources Corp. | | | | | 3,900 | | | | | | 43,836 | | |
Renewable Energy Group, Inc.(a) | | | | | 400 | | | | | | 8,784 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
REX American Resources Corp.(a) | | | | | 100 | | | | | $ | 8,061 | | |
Ring Energy, Inc.(a) | | | | | 600 | | | | | | 3,522 | | |
Rowan Cos. PLC, Class A(a) | | | | | 2,700 | | | | | | 29,133 | | |
RPC, Inc. | | | | | 700 | | | | | | 7,987 | | |
SandRidge Energy, Inc.(a) | | | | | 400 | | | | | | 3,208 | | |
Schlumberger Ltd. | | | | | 23,700 | | | | | | 1,032,609 | | |
Scorpio Tankers, Inc. | | | | | 310 | | | | | | 6,150 | | |
SEACOR Holdings, Inc.(a) | | | | | 200 | | | | | | 8,456 | | |
SEACOR Marine Holdings, Inc.(a) | | | | | 200 | | | | | | 2,662 | | |
Select Energy Services, Inc., Class A(a) | | | | | 300 | | | | | | 3,606 | | |
SemGroup Corp., Class A | | | | | 1,900 | | | | | | 28,006 | | |
Ship Finance International Ltd. | | | | | 700 | | | | | | 8,638 | | |
SM Energy Co. | | | | | 2,100 | | | | | | 36,729 | | |
Solaris Oilfield Infrastructure, Inc., Class A | | | | | 200 | | | | | | 3,288 | | |
Southwestern Energy Co.(a) | | | | | 11,100 | | | | | | 52,059 | | |
SRC Energy, Inc.(a) | | | | ��� | 2,800 | | | | | | 14,336 | | |
Superior Energy Services, Inc.(a) | | | | | 1,700 | | | | | | 7,939 | | |
Talos Energy, Inc.(a) | | | | | 200 | | | | | | 5,312 | | |
Targa Resources Corp. | | | | | 3,600 | | | | | | 149,580 | | |
Teekay Corp. | | | | | 700 | | | | | | 2,744 | | |
Tellurian, Inc.(a) | | | | | 700 | | | | | | 7,840 | | |
TETRA Technologies, Inc.(a) | | | | | 1,300 | | | | | | 3,042 | | |
Tidewater, Inc.(a) | | | | | 700 | | | | | | 16,233 | | |
Transocean Ltd.(a) | | | | | 10,090 | | | | | | 87,884 | | |
Ultra Petroleum Corp.(a) | | | | | 2,200 | | | | | | 1,342 | | |
Unit Corp.(a) | | | | | 600 | | | | | | 8,544 | | |
US Silica Holdings, Inc. | | | | | 900 | | | | | | 15,624 | | |
Valero Energy Corp. | | | | | 7,200 | | | | | | 610,776 | | |
W&T Offshore, Inc.(a) | | | | | 1,100 | | | | | | 7,590 | | |
Weatherford International PLC(a) | | | | | 14,200 | | | | | | 9,912 | | |
Whiting Petroleum Corp.(a) | | | | | 1,300 | | | | | | 33,982 | | |
Williams Cos., Inc. (The) | | | | | 20,200 | | | | | | 580,144 | | |
World Fuel Services Corp. | | | | | 1,500 | | | | | | 43,335 | | |
WPX Energy, Inc.(a) | | | | | 7,200 | | | | | | 94,392 | | |
Total Energy | | | | | 29,484,323 | | | ||||||
FINANCIALS – 14.6% | | ||||||||||||
1st Source Corp. | | | | | 200 | | | | | | 8,982 | | |
ACNB Corp. | | | | | 100 | | | | | | 3,700 | | |
Affiliated Managers Group, Inc. | | | | | 900 | | | | | | 96,399 | | |
Aflac, Inc. | | | | | 12,700 | | | | | | 635,000 | | |
AG Mortgage Investment Trust, Inc. | | | | | 300 | | | | | | 5,052 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
AGNC Investment Corp. | | | | | 9,800 | | | | | $ | 176,400 | | |
Alleghany Corp.(a) | | | | | 280 | | | | | | 171,472 | | |
Allegiance Bancshares, Inc.(a) | | | | | 100 | | | | | | 3,372 | | |
Allstate Corp. (The) | | | | | 5,600 | | | | | | 527,408 | | |
Ally Financial, Inc. | | | | | 7,500 | | | | | | 206,175 | | |
Ambac Financial Group, Inc.(a) | | | | | 500 | | | | | | 9,060 | | |
American Equity Investment Life Holding Co. | | | | | 1,600 | | | | | | 43,232 | | |
American Express Co. | | | | | 12,000 | | | | | | 1,311,600 | | |
American Financial Group, Inc. | | | | | 1,400 | | | | | | 134,694 | | |
American International Group, Inc. | | | | | 15,100 | | | | | | 650,206 | | |
American National Bankshares, Inc. | | | | | 100 | | | | | | 3,492 | | |
American National Insurance Co. | | | | | 100 | | | | | | 12,082 | | |
Ameriprise Financial, Inc. | | | | | 2,300 | | | | | | 294,630 | | |
Ameris Bancorp | | | | | 1,000 | | | | | | 34,350 | | |
AMERISAFE, Inc. | | | | | 200 | | | | | | 11,880 | | |
Annaly Capital Management, Inc. | | | | | 25,686 | | | | | | 256,603 | | |
Anworth Mortgage Asset Corp. | | | | | 1,100 | | | | | | 4,444 | | |
Aon PLC | | | | | 4,100 | | | | | | 699,870 | | |
Apollo Commercial Real Estate Finance, Inc. | | | | | 2,300 | | | | | | 41,860 | | |
Arbor Realty Trust, Inc. | | | | | 1,918 | | | | | | 24,876 | | |
Arch Capital Group Ltd.(a) | | | | | 6,300 | | | | | | 203,616 | | |
Ares Capital Corp. | | | | | 110,125 | | | | | | 1,887,543 | | |
Ares Commercial Real Estate Corp. | | | | | 300 | | | | | | 4,557 | | |
Argo Group International Holdings Ltd. | | | | | 700 | | | | | | 49,462 | | |
Arlington Asset Investment Corp., Class A | | | | | 300 | | | | | | 2,388 | | |
ARMOUR Residential REIT, Inc. | | | | | 500 | | | | | | 9,765 | | |
Arrow Financial Corp. | | | | | 103 | | | | | | 3,388 | | |
Arthur J Gallagher & Co. | | | | | 10,900 | | | | | | 851,290 | | |
Artisan Partners Asset Management, Inc., Class A | | | | | 500 | | | | | | 12,585 | | |
Associated Banc-Corp | | | | | 3,300 | | | | | | 70,455 | | |
Assurant, Inc. | | | | | 1,000 | | | | | | 94,910 | | |
Assured Guaranty Ltd. | | | | | 1,900 | | | | | | 84,417 | | |
Athene Holding Ltd., Class A(a) | | | | | 2,900 | | | | | | 118,320 | | |
Atlantic Capital Bancshares, Inc.(a) | | | | | 200 | | | | | | 3,566 | | |
AXA Equitable Holdings, Inc. | | | | | 3,600 | | | | | | 72,504 | | |
Axis Capital Holdings Ltd. | | | | | 1,600 | | | | | | 87,648 | | |
Axos Financial, Inc.(a) | | | | | 1,300 | | | | | | 37,648 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
B. Riley Financial, Inc. | | | | | 200 | | | | | $ | 3,338 | | |
Banc of California, Inc. | | | | | 500 | | | | | | 6,920 | | |
BancFirst Corp. | | | | | 200 | | | | | | 10,430 | | |
Banco Latinoamericano de Comercio Exterior S.A., Class E | | | | | 300 | | | | | | 5,976 | | |
Bancorp, Inc. (The)(a) | | | | | 600 | | | | | | 4,848 | | |
BancorpSouth Bank | | | | | 2,100 | | | | | | 59,262 | | |
Bank of America Corp. | | | | | 155,700 | | | | | | 4,295,763 | | |
Bank of Hawaii Corp. | | | | | 800 | | | | | | 63,096 | | |
Bank of Marin Bancorp | | | | | 200 | | | | | | 8,138 | | |
Bank of New York Mellon Corp. (The) | | | | | 15,100 | | | | | | 761,493 | | |
Bank of NT Butterfield & Son Ltd. (The) | | | | | 1,000 | | | | | | 35,880 | | |
Bank OZK | | | | | 2,400 | | | | | | 69,552 | | |
BankFinancial Corp. | | | | | 200 | | | | | | 2,974 | | |
BankUnited, Inc. | | | | | 1,700 | | | | | | 56,780 | | |
Bankwell Financial Group, Inc. | | | | | 100 | | | | | | 2,918 | | |
Banner Corp. | | | | | 700 | | | | | | 37,919 | | |
Bar Harbor Bankshares | | | | | 200 | | | | | | 5,174 | | |
BB&T Corp. | | | | | 13,100 | | | | | | 609,543 | | |
Berkshire Hathaway, Inc., Class B(a) | | | | | 48,505 | | | | | | 9,744,169 | | |
Berkshire Hills Bancorp, Inc. | | | | | 500 | | | | | | 13,620 | | |
BGC Partners, Inc., Class A | | | | | 3,700 | | | | | | 19,647 | | |
BlackRock, Inc. | | | | | 2,040 | | | | | | 871,835 | | |
Blackstone Mortgage Trust, Inc., Class A | | | | | 2,200 | | | | | | 76,032 | | |
Blue Hills Bancorp, Inc. | | | | | 300 | | | | | | 7,170 | | |
BOK Financial Corp. | | | | | 568 | | | | | | 46,320 | | |
Boston Private Financial Holdings, Inc. | | | | | 1,000 | | | | | | 10,960 | | |
Bridge Bancorp, Inc. | | | | | 200 | | | | | | 5,860 | | |
Brighthouse Financial, Inc.(a) | | | | | 2,000 | | | | | | 72,580 | | |
BrightSphere Investment Group PLC | | | | | 900 | | | | | | 12,204 | | |
Brookline Bancorp, Inc. | | | | | 900 | | | | | | 12,960 | | |
Brown & Brown, Inc. | | | | | 4,300 | | | | | | 126,893 | | |
Bryn Mawr Bank Corp. | | | | | 200 | | | | | | 7,226 | | |
BSB Bancorp, Inc.(a) | | | | | 100 | | | | | | 3,284 | | |
Byline Bancorp, Inc.(a) | | | | | 200 | | | | | | 3,696 | | |
Cadence BanCorp | | | | | 2,508 | | | | | | 46,523 | | |
Camden National Corp. | | | | | 200 | | | | | | 8,344 | | |
Cannae Holdings, Inc.(a) | | | | | 1,600 | | | | | | 38,816 | | |
Capital One Financial Corp. | | | | | 7,900 | | | | | | 645,351 | | |
Capitol Federal Financial, Inc. | | | | | 2,900 | | | | | | 38,715 | | |
Capstead Mortgage Corp. | | | | | 1,100 | | | | | | 9,449 | | |
Carolina Financial Corp. | | | | | 200 | | | | | | 6,918 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Cathay General Bancorp | | | | | 1,400 | | | | | $ | 47,474 | | |
Cboe Global Markets, Inc. | | | | | 2,100 | | | | | | 200,424 | | |
CBTX, Inc. | | | | | 600 | | | | | | 19,482 | | |
CenterState Bank Corp. | | | | | 1,900 | | | | | | 45,239 | | |
Central Pacific Financial Corp. | | | | | 300 | | | | | | 8,652 | | |
Charles Schwab Corp. (The) | | | | | 89,663 | | | | | | 3,833,990 | | |
Chemical Financial Corp. | | | | | 1,200 | | | | | | 49,392 | | |
Chimera Investment Corp. | | | | | 3,400 | | | | | | 63,716 | | |
Chubb Ltd. | | | | | 10,115 | | | | | | 1,416,909 | | |
Cincinnati Financial Corp. | | | | | 2,500 | | | | | | 214,750 | | |
CIT Group, Inc. | | | | | 1,800 | | | | | | 86,346 | | |
Citigroup, Inc. | | | | | 61,850 | | | | | | 3,848,307 | | |
Citizens Financial Group, Inc. | | | | | 8,700 | | | | | | 282,750 | | |
Citizens, Inc.(a) | | | | | 500 | | | | | | 3,335 | | |
City Holding Co. | | | | | 200 | | | | | | 15,238 | | |
CME Group, Inc. | | | | | 6,100 | | | | | | 1,003,938 | | |
CNA Financial Corp. | | | | | 300 | | | | | | 13,005 | | |
CNB Financial Corp. | | | | | 200 | | | | | | 5,054 | | |
CNO Financial Group, Inc. | | | | | 3,000 | | | | | | 48,540 | | |
Codorus Valley Bancorp, Inc. | | | | | 105 | | | | | | 2,242 | | |
Cohen & Steers, Inc. | | | | | 200 | | | | | | 8,454 | | |
Colony Credit Real Estate, Inc. | | | | | 1,200 | | | | | | 18,792 | | |
Columbia Banking System, Inc. | | | | | 1,400 | | | | | | 45,766 | | |
Columbia Financial, Inc.(a) | | | | | 700 | | | | | | 10,969 | | |
Comerica, Inc. | | | | | 3,000 | | | | | | 219,960 | | |
Commerce Bancshares, Inc. | | | | | 6,170 | | | | | | 358,230 | | |
Community Bank System, Inc. | | | | | 1,000 | | | | | | 59,770 | | |
Community Trust Bancorp, Inc. | | | | | 200 | | | | | | 8,212 | | |
ConnectOne Bancorp, Inc. | | | | | 300 | | | | | | 5,910 | | |
Cowen, Inc.(a) | | | | | 300 | | | | | | 4,347 | | |
Credit Acceptance Corp.(a) | | | | | 200 | | | | | | 90,386 | | |
Cullen/Frost Bankers, Inc. | | | | | 4,450 | | | | | | 431,962 | | |
Customers Bancorp, Inc.(a) | | | | | 300 | | | | | | 5,493 | | |
CVB Financial Corp. | | | | | 2,300 | | | | | | 48,415 | | |
Diamond Hill Investment Group, Inc. | | | | | 100 | | | | | | 14,000 | | |
Dime Community Bancshares, Inc. | | | | | 400 | | | | | | 7,492 | | |
Discover Financial Services | | | | | 5,500 | | | | | | 391,380 | | |
Donnelley Financial Solutions, Inc.(a) | | | | | 400 | | | | | | 5,952 | | |
Dynex Capital, Inc. | | | | | 600 | | | | | | 3,654 | | |
E*TRADE Financial Corp. | | | | | 4,500 | | | | | | 208,935 | | |
Eagle Bancorp, Inc.(a) | | | | | 800 | | | | | | 40,160 | | |
East West Bancorp, Inc. | | | | | 2,700 | | | | | | 129,519 | | |
Eaton Vance Corp. | | | | | 2,200 | | | | | | 88,682 | | |
eHealth, Inc.(a) | | | | | 200 | | | | | | 12,468 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Employers Holdings, Inc. | | | | | 400 | | | | | $ | 16,044 | | |
Encore Capital Group, Inc.(a) | | | | | 300 | | | | | | 8,169 | | |
Enova International, Inc.(a) | | | | | 400 | | | | | | 9,128 | | |
Enstar Group Ltd.(a) | | | | | 200 | | | | | | 34,800 | | |
Enterprise Bancorp, Inc. | | | | | 100 | | | | | | 2,873 | | |
Enterprise Financial Services Corp. | | | | | 300 | | | | | | 12,231 | | |
Equity Bancshares, Inc., Class A(a) | | | | | 100 | | | | | | 2,880 | | |
Erie Indemnity Co., Class A | | | | | 500 | | | | | | 89,260 | | |
Essent Group Ltd.(a) | | | | | 1,600 | | | | | | 69,520 | | |
Evans Bancorp, Inc. | | | | | 100 | | | | | | 3,565 | | |
Evercore, Inc., Class A | | | | | 700 | | | | | | 63,700 | | |
Everest Re Group Ltd. | | | | | 5,056 | | | | | | 1,091,894 | | |
Exantas Capital Corp. | | | | | 300 | | | | | | 3,189 | | |
EZCORP, Inc., Class A(a) | | | | | 600 | | | | | | 5,592 | | |
FactSet Research Systems, Inc. | | | | | 700 | | | | | | 173,789 | | |
Farmers & Merchants Bancorp, Inc. | | | | | 100 | | | | | | 3,010 | | |
Farmers National Banc Corp. | | | | | 300 | | | | | | 4,137 | | |
FB Financial Corp. | | | | | 100 | | | | | | 3,176 | | |
FBL Financial Group, Inc., Class A | | | | | 100 | | | | | | 6,272 | | |
Federal Agricultural Mortgage Corp., Class C | | | | | 100 | | | | | | 7,243 | | |
Federated Investors, Inc., Class B | | | | | 1,900 | | | | | | 55,689 | | |
FGL Holdings | | | | | 2,000 | | | | | | 15,740 | | |
Fidelity National Financial, Inc. | | | | | 5,000 | | | | | | 182,750 | | |
Fidelity Southern Corp. | | | | | 300 | | | | | | 8,217 | | |
Fifth Third Bancorp | | | | | 12,810 | | | | | | 323,068 | | |
Financial Institutions, Inc. | | | | | 200 | | | | | | 5,436 | | |
First American Financial Corp. | | | | | 2,100 | | | | | | 108,150 | | |
First BanCorp | | | | | 4,400 | | | | | | 50,424 | | |
First Bancorp | | | | | 300 | | | | | | 10,428 | | |
First Bancshares, Inc. (The) | | | | | 100 | | | | | | 3,090 | | |
First Busey Corp. | | | | | 500 | | | | | | 12,200 | | |
First Citizens BancShares, Inc., Class A | | | | | 160 | | | | | | 65,152 | | |
First Commonwealth Financial Corp. | | | | | 1,100 | | | | | | 13,860 | | |
First Community Bancshares, Inc. | | | | | 200 | | | | | | 6,628 | | |
First Defiance Financial Corp. | | | | | 200 | | | | | | 5,748 | | |
First Financial Bancorp | | | | | 1,800 | | | | | | 43,308 | | |
First Financial Bankshares, Inc. | | | | | 1,100 | | | | | | 63,558 | | |
First Financial Corp. | | | | | 100 | | | | | | 4,200 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
First Foundation, Inc. | | | | | 300 | | | | | $ | 4,071 | | |
First Hawaiian, Inc. | | | | | 2,600 | | | | | | 67,730 | | |
First Horizon National Corp. | | | | | 6,200 | | | | | | 86,676 | | |
First Internet Bancorp | | | | | 100 | | | | | | 1,933 | | |
First Interstate BancSystem, Inc., Class A | | | | | 800 | | | | | | 31,856 | | |
First Merchants Corp. | | | | | 900 | | | | | | 33,165 | | |
First Mid-Illinois Bancshares, Inc. | | | | | 100 | | | | | | 3,332 | | |
First Midwest Bancorp, Inc. | | | | | 2,300 | | | | | | 47,058 | | |
First of Long Island Corp. (The) | | | | | 300 | | | | | | 6,579 | | |
First Republic Bank | | | | | 3,000 | | | | | | 301,380 | | |
FirstCash, Inc. | | | | | 700 | | | | | | 60,550 | | |
Flagstar Bancorp, Inc. | | | | | 800 | | | | | | 26,336 | | |
Flushing Financial Corp. | | | | | 300 | | | | | | 6,579 | | |
FNB Corp. | | | | | 5,400 | | | | | | 57,240 | | |
Focus Financial Partners, Inc., Class A(a) | | | | | 600 | | | | | | 21,384 | | |
Franklin Financial Network, Inc. | | | | | 100 | | | | | | 2,901 | | |
Franklin Resources, Inc. | | | | | 5,700 | | | | | | 188,898 | | |
Fulton Financial Corp. | | | | | 3,300 | | | | | | 51,084 | | |
GAIN Capital Holdings, Inc. | | | | | 400 | | | | | | 2,512 | | |
Genworth Financial, Inc., Class A(a) | | | | | 11,000 | | | | | | 42,130 | | |
German American Bancorp, Inc. | | | | | 200 | | | | | | 5,880 | | |
Glacier Bancorp, Inc. | | | | | 1,700 | | | | | | 68,119 | | |
Global Indemnity Ltd. | | | | | 100 | | | | | | 3,038 | | |
Goldman Sachs Group, Inc. (The) | | | | | 6,000 | | | | | | 1,151,940 | | |
Granite Point Mortgage Trust, Inc. | | | | | 500 | | | | | | 9,285 | | |
Great Southern Bancorp, Inc. | | | | | 100 | | | | | | 5,190 | | |
Great Western Bancorp, Inc. | | | | | 1,300 | | | | | | 41,067 | | |
Green Dot Corp., Class A(a) | | | | | 800 | | | | | | 48,520 | | |
Greenhill & Co., Inc. | | | | | 300 | | | | | | 6,453 | | |
Greenlight Capital Re Ltd., Class A(a) | | | | | 300 | | | | | | 3,261 | | |
Guaranty Bancshares, Inc. | | | | | 100 | | | | | | 2,922 | | |
Hamilton Lane, Inc., Class A | | | | | 200 | | | | | | 8,716 | | |
Hancock Whitney Corp. | | | | | 1,500 | | | | | | 60,600 | | |
Hanmi Financial Corp. | | | | | 400 | | | | | | 8,508 | | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | | | | | 600 | | | | | | 15,384 | | |
Hanover Insurance Group, Inc. (The) | | | | | 700 | | | | | | 79,919 | | |
HarborOne Bancorp, Inc.(a) | | | | | 200 | | | | | | 3,440 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Hartford Financial Services Group, Inc. (The) | | | | | 6,600 | | | | | $ | 328,152 | | |
HCI Group, Inc. | | | | | 100 | | | | | | 4,273 | | |
Health Insurance Innovations, Inc., Class A(a) | | | | | 100 | | | | | | 2,682 | | |
Heartland Financial USA, Inc. | | | | | 700 | | | | | | 29,855 | | |
Heritage Commerce Corp. | | | | | 400 | | | | | | 4,840 | | |
Heritage Financial Corp. | | | | | 900 | | | | | | 27,126 | | |
Heritage Insurance Holdings, Inc. | | | | | 200 | | | | | | 2,920 | | |
Hilltop Holdings, Inc. | | | | | 800 | | | | | | 14,600 | | |
Home Bancorp, Inc. | | | | | 100 | | | | | | 3,325 | | |
Home BancShares, Inc. | | | | | 3,000 | | | | | | 52,710 | | |
HomeStreet, Inc.(a) | | | | | 300 | | | | | | 7,905 | | |
HomeTrust Bancshares, Inc. | | | | | 200 | | | | | | 5,040 | | |
Hope Bancorp, Inc. | | | | | 2,800 | | | | | | 36,624 | | |
Horace Mann Educators Corp. | | | | | 500 | | | | | | 17,605 | | |
Horizon Bancorp, Inc. | | | | | 450 | | | | | | 7,241 | | |
Houlihan Lokey, Inc. | | | | | 800 | | | | | | 36,680 | | |
Huntington Bancshares, Inc. | | | | | 19,600 | | | | | | 248,528 | | |
IBERIABANK Corp. | | | | | 900 | | | | | | 64,539 | | |
Independence Holding Co. | | | | | 100 | | | | | | 3,525 | | |
Independent Bank Corp. | | | | | 600 | | | | | | 48,606 | | |
Independent Bank Corp. | | | | | 200 | | | | | | 4,300 | | |
Independent Bank Group, Inc. | | | | | 735 | | | | | | 37,698 | | |
Interactive Brokers Group, Inc., Class A | | | | | 1,500 | | | | | | 77,820 | | |
Intercontinental Exchange, Inc. | | | | | 9,600 | | | | | | 730,944 | | |
International Bancshares Corp. | | | | | 1,100 | | | | | | 41,833 | | |
INTL. FCStone, Inc.(a) | | | | | 200 | | | | | | 7,752 | | |
Invesco Ltd. | | | | | 7,700 | | | | | | 148,687 | | |
Invesco Mortgage Capital, Inc. | | | | | 2,500 | | | | | | 39,500 | | |
Investors Bancorp, Inc. | | | | | 4,900 | | | | | | 58,065 | | |
James River Group Holdings Ltd. | | | | | 300 | | | | | | 12,024 | | |
Jefferies Financial Group, Inc. | | | | | 5,600 | | | | | | 105,224 | | |
JPMorgan Chase & Co. | | | | | 57,200 | | | | | | 5,790,356 | | |
Kearny Financial Corp. | | | | | 1,200 | | | | | | 15,444 | | |
Kemper Corp. | | | | | 923 | | | | | | 70,277 | | |
KeyCorp | | | | | 16,700 | | | | | | 263,025 | | |
Kinsale Capital Group, Inc. | | | | | 500 | | | | | | 34,285 | | |
KKR Real Estate Finance Trust, Inc. | | | | | 200 | | | | | | 4,004 | | |
Ladder Capital Corp. | | | | | 2,107 | | | | | | 35,861 | | |
Ladenburg Thalmann Financial Services, Inc. | | | | | 1,200 | | | | | | 3,396 | | |
Lakeland Bancorp, Inc. | | | | | 500 | | | | | | 7,465 | | |
Lakeland Financial Corp. | | | | | 300 | | | | | | 13,566 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Lazard Ltd., Class A | | | | | 1,900 | | | | | $ | 68,666 | | |
LegacyTexas Financial Group, Inc. | | | | | 1,100 | | | | | | 41,129 | | |
Legg Mason, Inc. | | | | | 1,800 | | | | | | 49,266 | | |
LendingClub Corp.(a) | | | | | 3,700 | | | | | | 11,433 | | |
LendingTree, Inc.(a) | | | | | 100 | | | | | | 35,156 | | |
Lincoln National Corp. | | | | | 3,800 | | | | | | 223,060 | | |
Live Oak Bancshares, Inc. | | | | | 300 | | | | | | 4,383 | | |
Loews Corp. | | | | | 5,200 | | | | | | 249,236 | | |
LPL Financial Holdings, Inc. | | | | | 1,600 | | | | | | 111,440 | | |
M&T Bank Corp. | | | | | 2,300 | | | | | | 361,146 | | |
Macatawa Bank Corp. | | | | | 300 | | | | | | 2,982 | | |
Maiden Holdings Ltd. | | | | | 800 | | | | | | 594 | | |
Markel Corp.(a) | | | | | 250 | | | | | | 249,060 | | |
MarketAxess Holdings, Inc. | | | | | 700 | | | | | | 172,256 | | |
Marsh & McLennan Cos., Inc. | | | | | 8,700 | | | | | | 816,930 | | |
MBIA, Inc.(a) | | | | | 1,000 | | | | | | 9,520 | | |
Mercantile Bank Corp. | | | | | 200 | | | | | | 6,544 | | |
Mercury General Corp. | | | | | 600 | | | | | | 30,042 | | |
Meridian Bancorp, Inc. | | | | | 500 | | | | | | 7,845 | | |
Meta Financial Group, Inc. | | | | | 300 | | | | | | 5,904 | | |
MetLife, Inc. | | | | | 63,849 | | | | | | 2,718,052 | | |
MFA Financial, Inc. | | | | | 7,000 | | | | | | 50,890 | | |
MGIC Investment Corp.(a) | | | | | 6,300 | | | | | | 83,097 | | |
Midland States Bancorp, Inc. | | | | | 200 | | | | | | 4,812 | | |
MidWestOne Financial Group, Inc. | | | | | 100 | | | | | | 2,725 | | |
Moelis & Co., Class A | | | | | 900 | | | | | | 37,449 | | |
Moody’s Corp. | | | | | 6,575 | | | | | | 1,190,667 | | |
Morgan Stanley | | | | | 20,700 | | | | | | 873,540 | | |
Morningstar, Inc. | | | | | 1,400 | | | | | | 176,386 | | |
Mr. Cooper Group, Inc.(a) | | | | | 2,102 | | | | | | 20,158 | | |
MSCI, Inc. | | | | | 1,400 | | | | | | 278,376 | | |
MutualFirst Financial, Inc. | | | | | 100 | | | | | | 2,997 | | |
Nasdaq, Inc. | | | | | 1,900 | | | | | | 166,231 | | |
National Bank Holdings Corp., Class A | | | | | 300 | | | | | | 9,978 | | |
National Bankshares, Inc. | | | | | 100 | | | | | | 4,285 | | |
National Commerce Corp.(a) | | | | | 100 | | | | | | 3,921 | | |
National General Holdings Corp. | | | | | 1,400 | | | | | | 33,222 | | |
National Western Life Group, Inc., Class A | | | | | 100 | | | | | | 26,247 | | |
Navient Corp. | | | | | 5,000 | | | | | | 57,850 | | |
Navigators Group, Inc. (The) | | | | | 500 | | | | | | 34,935 | | |
NBT Bancorp, Inc. | | | | | 1,100 | | | | | | 39,611 | | |
Nelnet, Inc., Class A | | | | | 200 | | | | | | 11,014 | | |
New Residential Investment Corp. | | | | | 140,800 | | | | | | 2,380,928 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
New York Community Bancorp, Inc. | | | | | 9,000 | | | | | $ | 104,130 | | |
New York Mortgage Trust, Inc. | | | | | 1,300 | | | | | | 7,917 | | |
Nicolet Bankshares, Inc.(a) | | | | | 100 | | | | | | 5,960 | | |
NMI Holdings, Inc., Class A(a) | | | | | 1,700 | | | | | | 43,979 | | |
Northern Trust Corp. | | | | | 26,634 | | | | | | 2,407,980 | | |
Northfield Bancorp, Inc. | | | | | 500 | | | | | | 6,950 | | |
Northrim BanCorp, Inc. | | | | | 100 | | | | | | 3,442 | | |
Northwest Bancshares, Inc. | | | | | 2,100 | | | | | | 35,637 | | |
Norwood Financial Corp. | | | | | 100 | | | | | | 3,084 | | |
OceanFirst Financial Corp. | | | | | 500 | | | | | | 12,030 | | |
Ocwen Financial Corp.(a) | | | | | 1,200 | | | | | | 2,184 | | |
OFG Bancorp | | | | | 500 | | | | | | 9,895 | | |
Old Line Bancshares, Inc. | | | | | 100 | | | | | | 2,493 | | |
Old National Bancorp | | | | | 3,100 | | | | | | 50,840 | | |
Old Republic International Corp. | | | | | 4,800 | | | | | | 100,416 | | |
Old Second Bancorp, Inc. | | | | | 300 | | | | | | 3,777 | | |
On Deck Capital, Inc.(a) | | | | | 600 | | | | | | 3,252 | | |
OneMain Holdings, Inc. | | | | | 1,400 | | | | | | 44,450 | | |
Opus Bank | | | | | 200 | | | | | | 3,960 | | |
Orchid Island Capital, Inc. | | | | | 600 | | | | | | 3,948 | | |
Origin Bancorp, Inc. | | | | | 600 | | | | | | 20,430 | | |
Oritani Financial Corp. | | | | | 500 | | | | | | 8,315 | | |
Pacific Premier Bancorp, Inc. | | | | | 1,000 | | | | | | 26,530 | | |
PacWest Bancorp | | | | | 2,400 | | | | | | 90,264 | | |
Park National Corp. | | | | | 200 | | | | | | 18,950 | | |
PCSB Financial Corp. | | | | | 200 | | | | | | 3,914 | | |
Peapack Gladstone Financial Corp. | | | | | 200 | | | | | | 5,244 | | |
Penns Woods Bancorp, Inc. | | | | | 100 | | | | | | 4,110 | | |
PennyMac Financial Services, Inc. | | | | | 200 | | | | | | 4,448 | | |
PennyMac Mortgage Investment Trust | | | | | 700 | | | | | | 14,497 | | |
People’s United Financial, Inc. | | | | | 6,945 | | | | | | 114,176 | | |
People’s Utah Bancorp | | | | | 200 | | | | | | 5,274 | | |
Peoples Bancorp of North Carolina, Inc. | | | | | 100 | | | | | | 2,660 | | |
Peoples Bancorp, Inc. | | | | | 200 | | | | | | 6,194 | | |
Peoples Financial Services Corp. | | | | | 100 | | | | | | 4,524 | | |
Pinnacle Financial Partners, Inc. | | | | | 1,400 | | | | | | 76,580 | | |
Piper Jaffray Cos. | | | | | 200 | | | | | | 14,566 | | |
PJT Partners, Inc., Class A | | | | | 200 | | | | | | 8,360 | | |
PNC Financial Services Group, Inc. (The) | | | | | 7,800 | | | | | | 956,748 | | |
Popular, Inc. | | | | | 1,700 | | | | | | 88,621 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
PRA Group, Inc.(a) | | | | | 500 | | | | | $ | 13,405 | | |
Preferred Bank | | | | | 200 | | | | | | 8,994 | | |
Primerica, Inc. | | | | | 900 | | | | | | 109,935 | | |
Principal Financial Group, Inc. | | | | | 4,500 | | | | | | 225,855 | | |
ProAssurance Corp. | | | | | 1,000 | | | | | | 34,610 | | |
Progressive Corp. (The) | | | | | 9,900 | | | | | | 713,691 | | |
Prosperity Bancshares, Inc. | | | | | 5,300 | | | | | | 366,018 | | |
Provident Financial Services, Inc. | | | | | 1,400 | | | | | | 36,246 | | |
Prudential Financial, Inc. | | | | | 7,000 | | | | | | 643,160 | | |
QCR Holdings, Inc. | | | | | 100 | | | | | | 3,392 | | |
Radian Group, Inc. | | | | | 4,100 | | | | | | 85,034 | | |
Raymond James Financial, Inc. | | | | | 2,000 | | | | | | 160,820 | | |
Ready Capital Corp. | | | | | 200 | | | | | | 2,934 | | |
Redwood Trust, Inc. | | | | | 900 | | | | | | 14,535 | | |
Regional Management Corp.(a) | | | | | 100 | | | | | | 2,442 | | |
Regions Financial Corp. | | | | | 18,800 | | | | | | 266,020 | | |
Reinsurance Group of America, Inc. | | | | | 18,343 | | | | | | 2,604,339 | | |
RenaissanceRe Holdings Ltd. | | | | | 700 | | | | | | 100,450 | | |
Renasant Corp. | | | | | 1,000 | | | | | | 33,850 | | |
Republic Bancorp, Inc., Class A | | | | | 100 | | | | | | 4,472 | | |
Republic First Bancorp, Inc.(a) | | | | | 600 | | | | | | 3,150 | | |
RLI Corp. | | | | | 800 | | | | | | 57,400 | | |
S&P Global, Inc. | | | | | 4,200 | | | | | | 884,310 | | |
S&T Bancorp, Inc. | | | | | 400 | | | | | | 15,812 | | |
Safety Insurance Group, Inc. | | | | | 200 | | | | | | 17,428 | | |
Sandy Spring Bancorp, Inc. | | | | | 400 | | | | | | 12,512 | | |
Santander Consumer USA Holdings, Inc. | | | | | 1,700 | | | | | | 35,921 | | |
Seacoast Banking Corp. of Florida(a) | | | | | 500 | | | | | | 13,175 | | |
SEI Investments Co. | | | | | 2,600 | | | | | | 135,850 | | |
Selective Insurance Group, Inc. | | | | | 1,100 | | | | | | 69,608 | | |
ServisFirst Bancshares, Inc. | | | | | 1,000 | | | | | | 33,760 | | |
Sierra Bancorp | | | | | 200 | | | | | | 4,860 | | |
Signature Bank | | | | | 800 | | | | | | 102,456 | | |
Simmons First National Corp., Class A | | | | | 1,300 | | | | | | 31,824 | | |
SLM Corp. | | | | | 9,200 | | | | | | 91,172 | | |
South State Corp. | | | | | 700 | | | | | | 47,838 | | |
Southern First Bancshares, Inc.(a) | | | | | 100 | | | | | | 3,387 | | |
Southern Missouri Bancorp, Inc. | | | | | 100 | | | | | | 3,080 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Southern National Bancorp of Virginia, Inc. | | | | | 200 | | | | | $ | 2,930 | | |
Southside Bancshares, Inc. | | | | | 300 | | | | | | 9,969 | | |
Starwood Property Trust, Inc. | | | | | 4,800 | | | | | | 107,280 | | |
State Auto Financial Corp. | | | | | 200 | | | | | | 6,584 | | |
State Street Corp. | | | | | 6,300 | | | | | | 414,603 | | |
Sterling Bancorp | | | | | 4,300 | | | | | | 80,109 | | |
Stewart Information Services Corp. | | | | | 200 | | | | | | 8,538 | | |
Stifel Financial Corp. | | | | | 1,400 | | | | | | 73,864 | | |
Stock Yards Bancorp, Inc. | | | | | 200 | | | | | | 6,762 | | |
SunTrust Banks, Inc. | | | | | 7,600 | | | | | | 450,300 | | |
SVB Financial Group(a) | | | | | 1,830 | | | | | | 406,919 | | |
Synchrony Financial | | | | | 12,100 | | | | | | 385,990 | | |
Synovus Financial Corp. | | | | | 3,133 | | | | | | 107,650 | | |
T Rowe Price Group, Inc. | | | | | 3,900 | | | | | | 390,468 | | |
TCF Financial Corp. | | | | | 2,700 | | | | | | 55,863 | | |
TD Ameritrade Holding Corp. | | | | | 5,200 | | | | | | 259,948 | | |
Territorial Bancorp, Inc. | | | | | 100 | | | | | | 2,691 | | |
Texas Capital Bancshares, Inc.(a) | | | | | 900 | | | | | | 49,131 | | |
TFS Financial Corp. | | | | | 600 | | | | | | 9,882 | | |
Third Point Reinsurance Ltd.(a) | | | | | 1,100 | | | | | | 11,418 | | |
Timberland Bancorp, Inc. | | | | | 100 | | | | | | 2,798 | | |
Tompkins Financial Corp. | | | | | 200 | | | | | | 15,214 | | |
Torchmark Corp. | | | | | 1,800 | | | | | | 147,510 | | |
Towne Bank | | | | | 1,600 | | | | | | 39,600 | | |
TPG RE Finance Trust, Inc. | | | | | 200 | | | | | | 3,920 | | |
Travelers Cos., Inc. (The) | | | | | 24,676 | | | | | | 3,384,560 | | |
TriCo Bancshares | | | | | 298 | | | | | | 11,708 | | |
TriState Capital Holdings, Inc.(a) | | | | | 300 | | | | | | 6,129 | | |
Triumph Bancorp, Inc.(a) | | | | | 200 | | | | | | 5,878 | | |
Trupanion, Inc.(a) | | | | | 300 | | | | | | 9,822 | | |
TrustCo Bank Corp. | | | | | 1,100 | | | | | | 8,536 | | |
Trustmark Corp. | | | | | 1,500 | | | | | | 50,445 | | |
Two Harbors Investment Corp. | | | | | 4,242 | | | | | | 57,394 | | |
UMB Financial Corp. | | | | | 20,434 | | | | | | 1,308,593 | | |
Umpqua Holdings Corp. | | | | | 4,400 | | | | | | 72,600 | | |
Union Bankshares Corp. | | | | | 1,550 | | | | | | 50,112 | | |
United Bankshares, Inc. | | | | | 1,700 | | | | | | 61,608 | | |
United Community Banks, Inc. | | | | | 1,100 | | | | | | 27,423 | | |
United Community Financial Corp. | | | | | 600 | | | | | | 5,610 | | |
United Financial Bancorp, Inc. | | | | | 600 | | | | | | 8,610 | | |
United Fire Group, Inc. | | | | | 200 | | | | | | 8,742 | | |
United Insurance Holdings Corp. | | | | | 200 | | ��� | | | | 3,180 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINANCIALS – (continued) | | ||||||||||||
Universal Insurance Holdings, Inc. | | | | | 400 | | | | | $ | 12,400 | | |
Univest Financial Corp. | | | | | 300 | | | | | | 7,338 | | |
Unum Group | | | | | 67,494 | | | | | | 2,283,322 | | |
US Bancorp | | | | | 32,129 | | | | | | 1,548,297 | | |
Valley National Bancorp | | | | | 136,035 | | | | | | 1,303,215 | | |
Veritex Holdings, Inc. | | | | | 1,237 | | | | | | 29,960 | | |
Virtu Financial, Inc., Class A | | | | | 400 | | | | | | 9,500 | | |
Virtus Investment Partners, Inc. | | | | | 100 | | | | | | 9,755 | | |
Voya Financial, Inc. | | | | | 3,000 | | | | | | 149,880 | | |
Waddell & Reed Financial, Inc., Class A | | | | | 900 | | | | | | 15,561 | | |
Walker & Dunlop, Inc. | | | | | 600 | | | | | | 30,546 | | |
Washington Federal, Inc. | | | | | 1,800 | | | | | | 52,002 | | |
Washington Trust Bancorp, Inc. | | | | | 200 | | | | | | 9,630 | | |
Waterstone Financial, Inc. | | | | | 300 | | | | | | 4,938 | | |
Webster Financial Corp. | | | | | 1,900 | | | | | | 96,273 | | |
Wells Fargo & Co. | | | | | 71,300 | | | | | | 3,445,216 | | |
WesBanco, Inc. | | | | | 1,105 | | | | | | 43,924 | | |
West Bancorp, Inc. | | | | | 200 | | | | | | 4,136 | | |
Westamerica Bancorp | | | | | 600 | | | | | | 37,080 | | |
Western Alliance Bancorp(a) | | | | | 1,900 | | | | | | 77,976 | | |
Western Asset Mortgage Capital Corp. | | | | | 500 | | | | | | 5,115 | | |
Western New England Bancorp, Inc. | | | | | 300 | | | | | | 2,769 | | |
Westwood Holdings Group, Inc. | | | | | 100 | | | | | | 3,527 | | |
White Mountains Insurance Group Ltd. | | | | | 387 | | | | | | 358,161 | | |
Willis Towers Watson PLC | | | | | 2,200 | | | | | | 386,430 | | |
Wintrust Financial Corp. | | | | | 1,100 | | | | | | 74,063 | | |
WisdomTree Investments, Inc. | | | | | 1,300 | | | | | | 9,178 | | |
World Acceptance Corp.(a) | | | | | 100 | | | | | | 11,713 | | |
WR Berkley Corp. | | | | | 1,500 | | | | | | 127,080 | | |
WSFS Financial Corp. | | | | | 941 | | | | | | 36,323 | | |
Zions Bancorp NA | | | | | 3,600 | | | | | | 163,476 | | |
Total Financials | | | | | 94,327,336 | | | ||||||
HEALTH CARE – 14.6% | | ||||||||||||
Abbott Laboratories | | | | | 29,500 | | | | | | 2,358,230 | | |
AbbVie, Inc. | | | | | 48,800 | | | | | | 3,932,792 | | |
Abeona Therapeutics, Inc.(a) | | | | | 300 | | | | | | 2,208 | | |
ABIOMED, Inc.(a) | | | | | 770 | | | | | | 219,904 | | |
Acadia Healthcare Co., Inc.(a) | | | | | 1,500 | | | | | | 43,965 | | |
ACADIA Pharmaceuticals, Inc.(a) | | | | | 2,300 | | | | | | 61,755 | | |
Accelerate Diagnostics, Inc.(a) | | | | | 300 | | | | | | 6,306 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Acceleron Pharma, Inc.(a) | | | | | 800 | | | | | $ | 37,256 | | |
Accuray, Inc.(a) | | | | | 1,000 | | | | | | 4,770 | | |
Achaogen, Inc.(a) | | | | | 400 | | | | | | 183 | | |
Achillion Pharmaceuticals, Inc.(a) | | | | | 1,600 | | | | | | 4,736 | | |
Aclaris Therapeutics, Inc.(a) | | | | | 300 | | | | | | 1,797 | | |
Acorda Therapeutics, Inc.(a) | | | | | 500 | | | | | | 6,645 | | |
Adamas Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 1,422 | | |
Addus HomeCare Corp.(a) | | | | | 100 | | | | | | 6,359 | | |
Aduro Biotech, Inc.(a) | | | | | 500 | | | | | | 1,990 | | |
Aerie Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 42,750 | | |
Agenus, Inc.(a) | | | | | 900 | | | | | | 2,673 | | |
Agilent Technologies, Inc. | | | | | 5,400 | | | | | | 434,052 | | |
Agios Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 60,696 | | |
Aimmune Therapeutics, Inc.(a) | | | | | 400 | | | | | | 8,940 | | |
Akcea Therapeutics, Inc.(a) | | | | | 200 | | | | | | 5,666 | | |
Akebia Therapeutics, Inc.(a) | | | | | 874 | | | | | | 7,158 | | |
Akorn, Inc.(a) | | | | | 1,000 | | | | | | 3,520 | | |
Alder Biopharmaceuticals, Inc.(a) | | | | | 700 | | | | | | 9,555 | | |
Alexion Pharmaceuticals, Inc.(a) | | | | | 3,600 | | | | | | 486,648 | | |
Align Technology, Inc.(a) | | | | | 1,300 | | | | | | 369,629 | | |
Alkermes PLC(a) | | | | | 3,000 | | | | | | 109,470 | | |
Allergan PLC | | | | | 5,800 | | | | | | 849,178 | | |
Allogene Therapeutics, Inc.(a) | | | | | 600 | | | | | | 17,346 | | |
Allscripts Healthcare Solutions, Inc.(a) | | | | | 3,700 | | | | | | 35,298 | | |
Alnylam Pharmaceuticals, Inc.(a) | | | | | 1,700 | | | | | | 158,865 | | |
AMAG Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 5,152 | | |
Amedisys, Inc.(a) | | | | | 500 | | | | | | 61,630 | | |
AmerisourceBergen Corp. | | | | | 2,900 | | | | | | 230,608 | | |
Amgen, Inc. | | | | | 10,900 | | | | | | 2,070,782 | | |
Amicus Therapeutics, Inc.(a) | | | | | 3,300 | | | | | | 44,880 | | |
AMN Healthcare Services, Inc.(a) | | | | | 900 | | | | | | 42,381 | | |
Amneal Pharmaceuticals, Inc.(a) | | | | | 1,900 | | | | | | 26,923 | | |
Amphastar Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 8,172 | | |
AnaptysBio, Inc.(a) | | | | | 500 | | | | | | 36,525 | | |
AngioDynamics, Inc.(a) | | | | | 400 | | | | | | 9,144 | | |
ANI Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 7,054 | | |
Anika Therapeutics, Inc.(a) | | | | | 200 | | | | | | 6,048 | | |
Antares Pharma, Inc.(a) | | | | | 1,600 | | | | | | 4,848 | | |
Anthem, Inc. | | | | | 4,480 | | | | | | 1,285,670 | | |
Apellis Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 9,750 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Arena Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | $ | 49,313 | | |
Array BioPharma, Inc.(a) | | | | | 3,700 | | | | | | 90,206 | | |
Arrowhead Pharmaceuticals, Inc.(a) | | | | | 1,200 | | | | | | 22,020 | | |
Assembly Biosciences, Inc.(a) | | | | | 200 | | | | | | 3,938 | | |
Assertio Therapeutics, Inc.(a) | | | | | 700 | | | | | | 3,549 | | |
Atara Biotherapeutics, Inc.(a) | | | | | 900 | | | | | | 35,775 | | |
Athenex, Inc.(a) | | | | | 600 | | | | | | 7,350 | | |
AtriCure, Inc.(a) | | | | | 400 | | | | | | 10,716 | | |
Atrion Corp. | | | | | 30 | | | | | | 26,360 | | |
Audentes Therapeutics, Inc.(a) | | | | | 700 | | | | | | 27,314 | | |
Avanos Medical, Inc.(a) | | | | | 900 | | | | | | 38,412 | | |
Axogen, Inc.(a) | | | | | 300 | | | | | | 6,318 | | |
Baxter International, Inc. | | | | | 20,219 | | | | | | 1,644,007 | | |
Becton Dickinson and Co. | | | | | 7,050 | | | | | | 1,760,596 | | |
Bio-Rad Laboratories, Inc., Class A(a) | | | | | 400 | | | | | | 122,272 | | |
Bio-Techne Corp. | | | | | 3,250 | | | | | | 645,288 | | |
BioCryst Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | | 8,954 | | |
Biogen, Inc.(a) | | | | | 3,370 | | | | | | 796,601 | | |
Biohaven Pharmaceutical Holding Co., Ltd.(a) | | | | | 400 | | | | | | 20,588 | | |
BioMarin Pharmaceutical, Inc.(a) | | | | | 2,900 | | | | | | 257,607 | | |
BioScrip, Inc.(a) | | | | | 1,300 | | | | | | 2,600 | | |
BioSpecifics Technologies Corp.(a) | | | | | 100 | | | | | | 6,233 | | |
BioTelemetry, Inc.(a) | | | | | 700 | | | | | | 43,834 | | |
Bluebird Bio, Inc.(a) | | | | | 1,000 | | | | | | 157,330 | | |
Blueprint Medicines Corp.(a) | | | | | 900 | | | | | | 72,045 | | |
Boston Scientific Corp.(a) | | | | | 23,500 | | | | | | 901,930 | | |
Bristol-Myers Squibb Co. | | | | | 28,100 | | | | | | 1,340,651 | | |
Brookdale Senior Living, Inc.(a) | | | | | 2,100 | | | | | | 13,818 | | |
Bruker Corp. | | | | | 1,800 | | | | | | 69,192 | | |
Cambrex Corp.(a) | | | | | 400 | | | | | | 15,540 | | |
Cantel Medical Corp. | | | | | 4,470 | | | | | | 298,998 | | |
Capital Senior Living Corp.(a) | | | | | 300 | | | | | | 1,197 | | |
Cara Therapeutics, Inc.(a) | | | | | 300 | | | | | | 5,886 | | |
Cardinal Health, Inc. | | | | | 5,300 | | | | | | 255,195 | | |
Cardiovascular Systems, Inc.(a) | | | | | 400 | | | | | | 15,464 | | |
CareDx, Inc.(a) | | | | | 1,100 | | | | | | 34,672 | | |
Catalent, Inc.(a) | | | | | 10,900 | | | | | | 442,431 | | |
Catalyst Pharmaceuticals, Inc.(a) | | | | | 1,000 | | | | | | 5,100 | | |
Celgene Corp.(a) | | | | | 12,000 | | | | | | 1,132,080 | | |
Centene Corp.(a) | | | | | 6,800 | | | | | | 361,080 | | |
Cerner Corp.(a) | | | | | 37,254 | | | | | | 2,131,301 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Cerus Corp.(a) | | | | | 1,500 | | | | | $ | 9,345 | | |
Charles River Laboratories International, Inc.(a) | | | | | 900 | | | | | | 130,725 | | |
Chemed Corp. | | | | | 300 | | | | | | 96,021 | | |
ChemoCentryx, Inc.(a) | | | | | 300 | | | | | | 4,167 | | |
Cigna Corp. | | | | | 6,339 | | | | | | 1,019,438 | | |
Clovis Oncology, Inc.(a) | | | | | 1,300 | | | | | | 32,266 | | |
Codexis, Inc.(a) | | | | | 500 | | | | | | 10,265 | | |
Coherus Biosciences, Inc.(a) | | | | | 500 | | | | | | 6,820 | | |
Collegium Pharmaceutical, Inc.(a) | | | | | 300 | | | | | | 4,542 | | |
Community Health Systems, Inc.(a) | | | | | 1,100 | | | | | | 4,103 | | |
Computer Programs & Systems, Inc. | | | | | 100 | | | | | | 2,969 | | |
Concert Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 2,414 | | |
CONMED Corp. | | | | | 600 | | | | | | 49,908 | | |
Cooper Cos., Inc. (The) | | | | | 2,300 | | | | | | 681,191 | | |
Corbus Pharmaceuticals Holdings, Inc.(a) | | | | | 600 | | | | | | 4,170 | | |
Corcept Therapeutics, Inc.(a) | | | | | 1,000 | | | | | | 11,740 | | |
CorVel Corp.(a) | | | | | 100 | | | | | | 6,524 | | |
Covetrus, Inc.(a) | | | | | 1,225 | | | | | | 39,016 | | |
Cross Country Healthcare, Inc.(a) | | | | | 400 | | | | | | 2,812 | | |
CryoLife, Inc.(a) | | | | | 400 | | | | | | 11,668 | | |
Cutera, Inc.(a) | | | | | 200 | | | | | | 3,532 | | |
CVS Health Corp. | | | | | 21,989 | | | | | | 1,185,867 | | |
Cymabay Therapeutics, Inc.(a) | | | | | 800 | | | | | | 10,624 | | |
Cytokinetics, Inc.(a) | | | | | 500 | | | | | | 4,045 | | |
CytomX Therapeutics, Inc.(a) | | | | | 300 | | | | | | 3,225 | | |
Danaher Corp. | | | | | 10,800 | | | | | | 1,425,816 | | |
DaVita, Inc.(a) | | | | | 2,600 | | | | | | 141,154 | | |
Denali Therapeutics, Inc.(a) | | | | | 1,300 | | | | | | 30,186 | | |
DENTSPLY SIRONA, Inc. | | | | | 81,561 | | | | | | 4,044,610 | | |
Dermira, Inc.(a) | | | | | 400 | | | | | | 5,420 | | |
DexCom, Inc.(a) | | | | | 1,600 | | | | | | 190,560 | | |
Dicerna Pharmaceuticals, Inc.(a) | | | | | 1,500 | | | | | | 21,975 | | |
Diplomat Pharmacy, Inc.(a) | | | | | 600 | | | | | | 3,486 | | |
Dynavax Technologies Corp.(a) | | | | | 700 | | | | | | 5,117 | | |
Eagle Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 5,049 | | |
Editas Medicine, Inc.(a) | | | | | 1,300 | | | | | | 31,785 | | |
Edwards Lifesciences Corp.(a) | | | | | 6,065 | | | | | | 1,160,416 | | |
Elanco Animal Health, Inc.(a) | | | | | 5,360 | | | | | | 171,895 | | |
Eli Lilly & Co. | | | | | 15,233 | | | | | | 1,976,634 | | |
Emergent BioSolutions, Inc.(a) | | | | | 900 | | | | | | 45,468 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Enanta Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | $ | 38,208 | | |
Encompass Health Corp. | | | | | 1,900 | | | | | | 110,960 | | |
Endo International PLC(a) | | | | | 4,200 | | | | | | 33,726 | | |
Endologix, Inc.(a) | | | | | 90 | | | | | | 595 | | |
Ensign Group, Inc. (The) | | | | | 1,100 | | | | | | 56,309 | | |
Enzo Biochem, Inc.(a) | | | | | 500 | | | | | | 1,365 | | |
Epizyme, Inc.(a) | | | | | 600 | | | | | | 7,434 | | |
Esperion Therapeutics, Inc.(a) | | | | | 200 | | | | | | 8,030 | | |
Evolent Health, Inc., Class A(a) | | | | | 700 | | | | | | 8,806 | | |
Exact Sciences Corp.(a) | | | | | 2,200 | | | | | | 190,564 | | |
Exelixis, Inc.(a) | | | | | 5,500 | | | | | | 130,900 | | |
Fate Therapeutics, Inc.(a) | | | | | 600 | | | | | | 10,542 | | |
FibroGen, Inc.(a) | | | | | 1,600 | | | | | | 86,960 | | |
Five Prime Therapeutics, Inc.(a) | | | | | 400 | | | | | | 5,360 | | |
Flexion Therapeutics, Inc.(a) | | | | | 400 | | | | | | 4,992 | | |
G1 Therapeutics, Inc.(a) | | | | | 200 | | | | | | 3,320 | | |
GenMark Diagnostics, Inc.(a) | | | | | 600 | | | | | | 4,254 | | |
Genomic Health, Inc.(a) | | | | | 500 | | | | | | 35,025 | | |
Geron Corp.(a) | | | | | 1,700 | | | | | | 2,822 | | |
Gilead Sciences, Inc. | | | | | 21,900 | | | | | | 1,423,719 | | |
Glaukos Corp.(a) | | | | | 700 | | | | | | 54,859 | | |
Global Blood Therapeutics, Inc.(a) | | | | | 1,000 | | | | | | 52,930 | | |
Globus Medical, Inc., Class A(a) | | | | | 13,822 | | | | | | 682,945 | | |
Guardant Health, Inc.(a) | | | | | 100 | | | | | | 7,670 | | |
Haemonetics Corp.(a) | | | | | 1,000 | | | | | | 87,480 | | |
Halozyme Therapeutics, Inc.(a) | | | | | 2,800 | | | | | | 45,080 | | |
HCA Healthcare, Inc. | | | | | 4,600 | | | | | | 599,748 | | |
HealthEquity, Inc.(a) | | | | | 900 | | | | | | 66,582 | | |
HealthStream, Inc.(a) | | | | | 300 | | | | | | 8,418 | | |
Henry Schein, Inc.(a) | | | | | 5,050 | | | | | | 303,556 | | |
Heron Therapeutics, Inc.(a) | | | | | 1,200 | | | | | | 29,328 | | |
Heska Corp.(a) | | | | | 100 | | | | | | 8,512 | | |
Hill-Rom Holdings, Inc. | | | | | 1,300 | | | | | | 137,618 | | |
HMS Holdings Corp.(a) | | | | | 1,800 | | | | | | 53,298 | | |
Hologic, Inc.(a) | | | | | 4,300 | | | | | | 208,120 | | |
Horizon Pharma PLC(a) | | | | | 3,100 | | | | | | 81,933 | | |
Humana, Inc. | | | | | 2,330 | | | | | | 619,780 | | |
ICU Medical, Inc.(a) | | | | | 1,547 | | | | | | 370,244 | | |
Idera Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 510 | | |
IDEXX Laboratories, Inc.(a) | | | | | 1,400 | | | | | | 313,040 | | |
Illumina, Inc.(a) | | | | | 2,480 | | | | | | 770,511 | | |
ImmunoGen, Inc.(a) | | | | | 3,600 | | | | | | 9,756 | | |
Immunomedics, Inc.(a) | | | | | 3,000 | | | | | | 57,630 | | |
Incyte Corp.(a) | | | | | 2,900 | | | | | | 249,429 | | |
Innoviva, Inc.(a) | | | | | 900 | | | | | | 12,627 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Inogen, Inc.(a) | | | | | 300 | | | | | $ | 28,611 | | |
Inovalon Holdings, Inc., Class A(a) | | | | | 700 | | | | | | 8,701 | | |
Inovio Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 3,357 | | |
Insmed, Inc.(a) | | | | | 1,700 | | | | | | 49,419 | | |
Inspire Medical Systems, Inc.(a) | | | | | 500 | | | | | | 28,390 | | |
Insulet Corp.(a) | | | | | 1,100 | | | | | | 104,599 | | |
Integer Holdings Corp.(a) | | | | | 700 | | | | | | 52,794 | | |
Integra LifeSciences Holdings Corp.(a) | | | | | 12,200 | | | | | | 679,784 | | |
Intellia Therapeutics, Inc.(a) | | | | | 200 | | | | | | 3,416 | | |
Intercept Pharmaceuticals, Inc.(a) | | | | | 400 | | | | | | 44,744 | | |
Intersect ENT, Inc.(a) | | | | | 300 | | | | | | 9,645 | | |
Intra-Cellular Therapies, Inc.(a) | | | | | 500 | | | | | | 6,090 | | |
Intrexon Corp.(a) | | | | | 700 | | | | | | 3,682 | | |
Intuitive Surgical, Inc.(a) | | | | | 1,910 | | | | | | 1,089,808 | | |
Invacare Corp. | | | | | 400 | | | | | | 3,348 | | |
Invitae Corp.(a) | | | | | 1,600 | | | | | | 37,472 | | |
Ionis Pharmaceuticals, Inc.(a) | | | | | 2,300 | | | | | | 186,691 | | |
Iovance Biotherapeutics, Inc.(a) | | | | | 2,600 | | | | | | 24,726 | | |
IQVIA Holdings, Inc.(a) | | | | | 2,900 | | | | | | 417,165 | | |
iRhythm Technologies, Inc.(a) | | | | | 500 | | | | | | 37,480 | | |
Ironwood Pharmaceuticals, Inc.(a) | | | | | 2,600 | | | | | | 35,178 | | |
Jazz Pharmaceuticals PLC(a) | | | | | 1,100 | | | | | | 157,245 | | |
Johnson & Johnson | | | | | 59,691 | | | | | | 8,344,205 | | |
Jounce Therapeutics, Inc.(a) | | | | | 200 | | | | | | 1,240 | | |
Kala Pharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 1,654 | | |
Karyopharm Therapeutics, Inc.(a) | | | | | 400 | | | | | | 2,336 | | |
Kindred Biosciences, Inc.(a) | | | | | 300 | | | | | | 2,751 | | |
Kura Oncology, Inc.(a) | | | | | 200 | | | | | | 3,318 | | |
La Jolla Pharmaceutical Co.(a) | | | | | 200 | | | | | | 1,286 | | |
Laboratory Corp. of America Holdings(a) | | | | | 4,200 | | | | | | 642,516 | | |
Lannett Co., Inc.(a) | | | | | 300 | | | | | | 2,361 | | |
Lantheus Holdings, Inc.(a) | | | | | 300 | | | | | | 7,344 | | |
LeMaitre Vascular, Inc. | | | | | 200 | | | | | | 6,200 | | |
Lexicon Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 2,780 | | |
LHC Group, Inc.(a) | | | | | 600 | | | | | | 66,516 | | |
Ligand Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 62,855 | | |
LivaNova PLC(a) | | | | | 900 | | | | | | 87,525 | | |
Luminex Corp. | | | | | 500 | | | | | | 11,505 | | |
MacroGenics, Inc.(a) | | | | | 400 | | | | | | 7,192 | | |
Madrigal Pharmaceuticals, Inc.(a) | | | | | 100 | | | | | | 12,526 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Magellan Health, Inc.(a) | | | | | 300 | | | | | $ | 19,776 | | |
Mallinckrodt PLC(a) | | | | | 1,100 | | | | | | 23,914 | | |
Masimo Corp.(a) | | | | | 2,600 | | | | | | 359,528 | | |
McKesson Corp. | | | | | 3,200 | | | | | | 374,592 | | |
Medicines Co. (The)(a) | | | | | 1,500 | | | | | | 41,925 | | |
MediciNova, Inc.(a) | | | | | 400 | | | | | | 3,312 | | |
Medidata Solutions, Inc.(a) | | | | | 5,500 | | | | | | 402,820 | | |
MEDNAX, Inc.(a) | | | | | 1,600 | | | | | | 43,472 | | |
Medpace Holdings, Inc.(a) | | | | | 600 | | | | | | 35,382 | | |
Medtronic PLC | | | | | 26,651 | | | | | | 2,427,373 | | |
Merck & Co., Inc. | | | | | 44,900 | | | | | | 3,734,333 | | |
Meridian Bioscience, Inc. | | | | | 500 | | | | | | 8,805 | | |
Merit Medical Systems, Inc.(a) | | | | | 1,000 | | | | | | 61,830 | | |
Mettler-Toledo International, Inc.(a) | | | | | 370 | | | | | | 267,510 | | |
Mirati Therapeutics, Inc.(a) | | | | | 300 | | | | | | 21,990 | | |
Molina Healthcare, Inc.(a) | | | | | 1,100 | | | | | | 156,156 | | |
Momenta Pharmaceuticals, Inc.(a) | | | | | 900 | | | | | | 13,077 | | |
Mylan N.V.(a) | | | | | 9,500 | | | | | | 269,230 | | |
MyoKardia, Inc.(a) | | | | | 400 | | | | | | 20,796 | | |
Myriad Genetics, Inc.(a) | | | | | 1,200 | | | | | | 39,840 | | |
NanoString Technologies, Inc.(a) | | | | | 800 | | | | | | 19,144 | | |
Natera, Inc.(a) | | | | | 400 | | | | | | 8,248 | | |
National HealthCare Corp. | | | | | 100 | | | | | | 7,588 | | |
National Research Corp. | | | | | 100 | | | | | | 3,860 | | |
Natus Medical, Inc.(a) | | | | | 300 | | | | | | 7,614 | | |
Nektar Therapeutics(a) | | | | | 3,000 | | | | | | 100,800 | | |
Neogen Corp.(a) | | | | | 800 | | | | | | 45,912 | | |
NeoGenomics, Inc.(a) | | | | | 600 | | | | | | 12,276 | | |
Neurocrine Biosciences, Inc.(a) | | | | | 1,700 | | | | | | 149,770 | | |
Nevro Corp.(a) | | | | | 700 | | | | | | 43,757 | | |
NextGen Healthcare, Inc.(a) | | | | | 600 | | | | | | 10,098 | | |
Novavax, Inc.(a) | | | | | 3,600 | | | | | | 1,983 | | |
Novocure Ltd.(a) | | | | | 1,300 | | | | | | 62,621 | | |
NuVasive, Inc.(a) | | | | | 4,850 | | | | | | 275,432 | | |
Omeros Corp.(a) | | | | | 500 | | | | | | 8,685 | | |
Omnicell, Inc.(a) | | | | | 800 | | | | | | 64,672 | | |
OPKO Health, Inc.(a) | | | | | 3,800 | | | | | | 9,918 | | |
OraSure Technologies, Inc.(a) | | | | | 600 | | | | | | 6,690 | | |
Orthofix Medical, Inc.(a) | | | | | 200 | | | | | | 11,282 | | |
Owens & Minor, Inc. | | | | | 700 | | | | | | 2,870 | | |
Oxford Immunotec Global PLC(a) | | | | | 300 | | | | | | 5,169 | | |
Pacific Biosciences of California, Inc.(a) | | | | | 1,300 | | | | | | 9,399 | | |
Pacira Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 19,030 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Paratek Pharmaceuticals, Inc.(a) | | | | | 300 | | | | | $ | 1,608 | | |
Patterson Cos., Inc. | | | | | 1,700 | | | | | | 37,145 | | |
PDL BioPharma, Inc.(a) | | | | | 1,700 | | | | | | 6,324 | | |
Penumbra, Inc.(a) | | | | | 600 | | | | | | 88,206 | | |
PerkinElmer, Inc. | | | | | 2,100 | | | | | | 202,356 | | |
Perrigo Co. PLC | | | | | 2,500 | | | | | | 120,400 | | |
Pfizer, Inc. | | | | | 99,000 | | | | | | 4,204,530 | | |
Phibro Animal Health Corp., Class A | | | | | 200 | | | | | | 6,600 | | |
Portola Pharmaceuticals, Inc.(a) | | | | | 1,400 | | | | | | 48,580 | | |
PRA Health Sciences, Inc.(a) | | | | | 1,100 | | | | | | 121,319 | | |
Premier, Inc., Class A(a) | | | | | 1,100 | | | | | | 37,939 | | |
Prestige Consumer Healthcare, Inc.(a) | | | | | 600 | | | | | | 17,946 | | |
Progenics Pharmaceuticals, Inc.(a) | | | | | 800 | | | | | | 3,712 | | |
Prothena Corp. PLC(a) | | | | | 400 | | | | | | 4,852 | | |
Providence Service Corp. (The)(a) | | | | | 100 | | | | | | 6,662 | | |
PTC Therapeutics, Inc.(a) | | | | | 1,100 | | | | | | 41,404 | | |
Puma Biotechnology, Inc.(a) | | | | | 300 | | | | | | 11,637 | | |
QIAGEN N.V.(a) | | | | | 4,200 | | | | | | 170,856 | | |
Quest Diagnostics, Inc. | | | | | 2,500 | | | | | | 224,800 | | |
Quidel Corp.(a) | | | | | 500 | | | | | | 32,735 | | |
R1 RCM, Inc.(a) | | | | | 1,100 | | | | | | 10,637 | | |
Radius Health, Inc.(a) | | | | | 400 | | | | | | 7,976 | | |
RadNet, Inc.(a) | | | | | 400 | | | | | | 4,956 | | |
Reata Pharmaceuticals, Inc., Class A(a) | | | | | 400 | | | | | | 34,188 | | |
Regeneron Pharmaceuticals, Inc.(a) | | | | | 1,330 | | | | | | 546,125 | | |
REGENXBIO, Inc.(a) | | | | | 700 | | | | | | 40,117 | | |
Repligen Corp.(a) | | | | | 800 | | | | | | 47,264 | | |
ResMed, Inc. | | | | | 2,600 | | | | | | 270,322 | | |
Retrophin, Inc.(a) | | | | | 500 | | | | | | 11,315 | | |
Revance Therapeutics, Inc.(a) | | | | | 300 | | | | | | 4,728 | | |
Rigel Pharmaceuticals, Inc.(a) | | | | | 1,700 | | | | | | 4,369 | | |
Sage Therapeutics, Inc.(a) | | | | | 900 | | | | | | 143,145 | | |
Sangamo Therapeutics, Inc.(a) | | | | | 1,000 | | | | | | 9,540 | | |
Sarepta Therapeutics, Inc.(a) | | | | | 1,300 | | | | | | 154,947 | | |
Seattle Genetics, Inc.(a) | | | | | 2,100 | | | | | | 153,804 | | |
Select Medical Holdings Corp.(a) | | | | | 2,400 | | | | | | 33,816 | | |
Sienna Biopharmaceuticals, Inc.(a) | | | | | 200 | | | | | | 464 | | |
Sientra, Inc.(a) | | | | | 200 | | | | | | 1,716 | | |
Smith & Nephew PLC, ADR | | | | | 30,295 | | | | | | 1,215,132 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
Spark Therapeutics, Inc.(a) | | | | | 700 | | | | | $ | 79,716 | | |
Spectrum Pharmaceuticals, Inc.(a) | | | | | 2,000 | | | | | | 21,380 | | |
STAAR Surgical Co.(a) | | | | | 1,000 | | | | | | 34,190 | | |
Stemline Therapeutics, Inc.(a) | | | | | 300 | | | | | | 3,855 | | |
STERIS PLC | | | | | 1,600 | | | | | | 204,848 | | |
Stryker Corp. | | | | | 7,535 | | | | | | 1,488,313 | | |
Supernus Pharmaceuticals, Inc.(a) | | | | | 1,100 | | | | | | 38,544 | | |
Surgery Partners, Inc.(a) | | | | | 200 | | | | | | 2,256 | | |
Surmodics, Inc.(a) | | | | | 100 | | | | | | 4,348 | | |
Syneos Health, Inc.(a) | | | | | 1,100 | | | | | | 56,936 | | |
Tabula Rasa HealthCare, Inc.(a) | | | | | 400 | | | | | | 22,568 | | |
Tactile Systems Technology, Inc.(a) | | | | | 500 | | | | | | 26,360 | | |
Tandem Diabetes Care, Inc.(a) | | | | | 1,100 | | | | | | 69,850 | | |
Teladoc, Inc.(a) | | | | | 1,300 | | | | | | 72,280 | | |
Teleflex, Inc. | | | | | 780 | | | | | | 235,685 | | |
Tenet Healthcare Corp.(a) | | | | | 1,600 | | | | | | 46,144 | | |
TG Therapeutics, Inc.(a) | | | | | 600 | | | | | | 4,824 | | |
TherapeuticsMD, Inc.(a) | | | | | 1,900 | | | | | | 9,253 | | |
Theravance Biopharma, Inc.(a) | | | | | 500 | | | | | | 11,335 | | |
Thermo Fisher Scientific, Inc. | | | | | 14,665 | | | | | | 4,014,104 | | |
Tivity Health, Inc.(a) | | | | | 464 | | | | | | 8,148 | | |
TransEnterix, Inc.(a) | | | | | 4,900 | | | | | | 11,662 | | |
Triple-S Management Corp., Class B(a) | | | | | 300 | | | | | | 6,846 | | |
Ultragenyx Pharmaceutical, Inc.(a) | | | | | 1,200 | | | | | | 83,232 | | |
United Therapeutics Corp.(a) | | | | | 900 | | | | | | 105,633 | | |
UnitedHealth Group, Inc. | | | | | 26,200 | | | | | | 6,478,212 | | |
Universal Health Services, Inc., Class B | | | | | 5,998 | | | | | | 802,352 | | |
US Physical Therapy, Inc. | | | | | 300 | | | | | | 31,509 | | |
Vanda Pharmaceuticals, Inc.(a) | | | | | 500 | | | | | | 9,200 | | |
Varex Imaging Corp.(a) | | | | | 400 | | | | | | 13,552 | | |
Varian Medical Systems, Inc.(a) | | | | | 1,700 | | | | | | 240,924 | | |
Veeva Systems, Inc., Class A(a) | | | | | 6,450 | | | | | | 818,247 | | |
Veracyte, Inc.(a) | | | | | 1,100 | | | | | | 27,522 | | |
Vericel Corp.(a) | | | | | 1,400 | | | | | | 24,514 | | |
Vertex Pharmaceuticals, Inc.(a) | | | | | 4,300 | | | | | | 790,985 | | |
Viking Therapeutics, Inc.(a) | | | | | 1,500 | | | | | | 14,910 | | |
Vocera Communications, Inc.(a) | | | | | 300 | | | | | | 9,489 | | |
Voyager Therapeutics, Inc.(a) | | | | | 200 | | | | | | 3,828 | | |
Waters Corp.(a) | | | | | 4,300 | | | | | | 1,082,353 | | |
WaVe Life Sciences Ltd.(a) | | | | | 100 | | | | | | 3,885 | | |
WellCare Health Plans, Inc.(a) | | | | | 900 | | | | | | 242,775 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HEALTH CARE – (continued) | | ||||||||||||
West Pharmaceutical Services, Inc. | | | | | 3,400 | | | | | $ | 374,680 | | |
Wright Medical Group N.V.(a) | | | | | 2,100 | | | | | | 66,045 | | |
Xencor, Inc.(a) | | | | | 900 | | | | | | 27,954 | | |
Zimmer Biomet Holdings, Inc. | | | | | 3,400 | | | | | | 434,180 | | |
ZIOPHARM Oncology, Inc.(a) | | | | | 1,500 | | | | | | 5,775 | | |
Zoetis, Inc. | | | | | 8,300 | | | | | | 835,561 | | |
Zogenix, Inc.(a) | | | | | 900 | | | | | | 49,509 | | |
Total Health Care | | | | | 94,242,930 | | | ||||||
INDUSTRIALS – 10.8% | | ||||||||||||
3M Co. | | | | | 15,563 | | | | | | 3,233,680 | | |
AAON, Inc. | | | | | 1,100 | | | | | | 50,798 | | |
AAR Corp. | | | | | 400 | | | | | | 13,004 | | |
ABB Ltd., ADR | | | | | 33,242 | | | | | | 627,276 | | |
ABM Industries, Inc. | | | | | 1,400 | | | | | | 50,890 | | |
ACCO Brands Corp. | | | | | 1,200 | | | | | | 10,272 | | |
Actuant Corp., Class A | | | | | 700 | | | | | | 17,059 | | |
Acuity Brands, Inc. | | | | | 700 | | | | | | 84,007 | | |
ADT, Inc. | | | | | 1,200 | | | | | | 7,668 | | |
Advanced Disposal Services, Inc.(a) | | | | | 1,600 | | | | | | 44,800 | | |
Advanced Drainage Systems, Inc. | | | | | 400 | | | | | | 10,308 | | |
AECOM(a) | | | | | 3,100 | | | | | | 91,977 | | |
Aegion Corp.(a) | | | | | 400 | | | | | | 7,028 | | |
Aerojet Rocketdyne Holdings, Inc.(a) | | | | | 1,500 | | | | | | 53,295 | | |
Aerovironment, Inc.(a) | | | | | 500 | | | | | | 34,205 | | |
AGCO Corp. | | | | | 1,200 | | | | | | 83,460 | | |
Air Lease Corp. | | | | | 1,600 | | | | | | 54,960 | | |
Air Transport Services Group, Inc.(a) | | | | | 700 | | | | | | 16,135 | | |
Aircastle Ltd. | | | | | 500 | | | | | | 10,120 | | |
Alamo Group, Inc. | | | | | 100 | | | | | | 9,994 | | |
Alaska Air Group, Inc. | | | | | 2,300 | | | | | | 129,076 | | |
Albany International Corp., Class A | | | | | 600 | | | | | | 42,954 | | |
Allegiant Travel Co. | | | | | 200 | | | | | | 25,894 | | |
Allegion PLC | | | | | 1,800 | | | | | | 163,278 | | |
Allied Motion Technologies, Inc. | | | | | 100 | | | | | | 3,438 | | |
Allison Transmission Holdings, Inc. | | | | | 2,200 | | | | | | 98,824 | | |
Altra Industrial Motion Corp. | | | | | 1,145 | | | | | | 35,552 | | |
AMERCO | | | | | 160 | | | | | | 59,442 | | |
American Airlines Group, Inc. | | | | | 7,700 | | | | | | 244,552 | | |
American Woodmark Corp.(a) | | | | | 200 | | | | | | 16,526 | | |
AMETEK, Inc. | | | | | 10,200 | | | | | | 846,294 | | |
AO Smith Corp. | | | | | 2,200 | | | | | | 117,304 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Apogee Enterprises, Inc. | | | | | 300 | | | | | $ | 11,247 | | |
Applied Industrial Technologies, Inc. | | | | | 700 | | | | | | 41,629 | | |
ArcBest Corp. | | | | | 300 | | | | | | 9,237 | | |
Arconic, Inc. | | | | | 8,200 | | | | | | 156,702 | | |
Arcosa, Inc. | | | | | 733 | | | | | | 22,393 | | |
Argan, Inc. | | | | | 200 | | | | | | 9,990 | | |
Armstrong World Industries, Inc. | | | | | 800 | | | | | | 63,536 | | |
ASGN, Inc.(a) | | | | | 900 | | | | | | 57,141 | | |
Astec Industries, Inc. | | | | | 200 | | | | | | 7,552 | | |
Astronics Corp.(a) | | | | | 230 | | | | | | 7,526 | | |
Atkore International Group, Inc.(a) | | | | | 400 | | | | | | 8,612 | | |
Atlas Air Worldwide Holdings, Inc.(a) | | | | | 300 | | | | | | 15,168 | | |
Avis Budget Group, Inc.(a) | | | | | 1,400 | | | | | | 48,804 | | |
Axon Enterprise, Inc.(a) | | | | | 900 | | | | | | 48,969 | | |
AZZ, Inc. | | | | | 300 | | | | | | 12,279 | | |
Babcock & Wilcox Enterprises, Inc.(a) | | | | | 1,900 | | | | | | 781 | | |
Barnes Group, Inc. | | | | | 1,000 | | | | | | 51,410 | | |
Barrett Business Services, Inc. | | | | | 100 | | | | | | 7,733 | | |
Beacon Roofing Supply, Inc.(a) | | | | | 1,400 | | | | | | 45,024 | | |
BMC Stock Holdings, Inc.(a) | | | | | 700 | | | | | | 12,369 | | |
Boeing Co. (The) | | | | | 9,280 | | | | | | 3,539,577 | | |
Brady Corp., Class A | | | | | 1,000 | | | | | | 46,410 | | |
Briggs & Stratton Corp. | | | | | 500 | | | | | | 5,915 | | |
Brink’s Co. (The) | | | | | 800 | | | | | | 60,328 | | |
Builders FirstSource, Inc.(a) | | | | | 3,000 | | | | | | 40,020 | | |
BWX Technologies, Inc. | | | | | 1,900 | | | | | | 94,202 | | |
Caesarstone Ltd. | | | | | 300 | | | | | | 4,683 | | |
CAI International, Inc.(a) | | | | | 200 | | | | | | 4,640 | | |
Carlisle Cos., Inc. | | | | | 1,100 | | | | | | 134,882 | | |
Casella Waste Systems, Inc., Class A(a) | | | | | 900 | | | | | | 32,004 | | |
Caterpillar, Inc. | | | | | 9,800 | | | | | | 1,327,802 | | |
CBIZ, Inc.(a) | | | | | 600 | | | | | | 12,144 | | |
CH Robinson Worldwide, Inc. | | | | | 2,400 | | | | | | 208,776 | | |
Chart Industries, Inc.(a) | | | | | 600 | | | | | | 54,312 | | |
Cimpress N.V.(a) | | | | | 300 | | | | | | 24,039 | | |
Cintas Corp. | | | | | 1,400 | | | | | | 282,954 | | |
CIRCOR International, Inc.(a) | | | | | 200 | | | | | | 6,520 | | |
Clean Harbors, Inc.(a) | | | | | 1,000 | | | | | | 71,530 | | |
Colfax Corp.(a) | | | | | 1,700 | | | | | | 50,456 | | |
Columbus McKinnon Corp. | | | | | 300 | | | | | | 10,305 | | |
Comfort Systems USA, Inc. | | | | | 900 | | | | | | 47,151 | | |
Continental Building Products, Inc.(a) | | | | | 400 | | | | | | 9,916 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Copa Holdings S.A., Class A | | | | | 700 | | | | | $ | 56,427 | | |
Copart, Inc.(a) | | | | | 3,600 | | | | | | 218,124 | | |
Costamare, Inc. | | | | | 600 | | | | | | 3,120 | | |
CoStar Group, Inc.(a) | | | | | 660 | | | | | | 307,837 | | |
Covanta Holding Corp. | | | | | 2,800 | | | | | | 48,468 | | |
Covenant Transportation Group, Inc., Class A(a) | | | | | 100 | | | | | | 1,898 | | |
CRA International, Inc. | | | | | 100 | | | | | | 5,054 | | |
Crane Co. | | | | | 900 | | | | | | 76,158 | | |
CSW Industrials, Inc.(a) | | | | | 200 | | | | | | 11,458 | | |
CSX Corp. | | | | | 13,300 | | | | | | 995,106 | | |
Cubic Corp. | | | | | 300 | | | | | | 16,872 | | |
Cummins, Inc. | | | | | 2,700 | | | | | | 426,249 | | |
Curtiss-Wright Corp. | | | | | 900 | | | | | | 102,006 | | |
Daseke, Inc.(a) | | | | | 400 | | | | | | 2,036 | | |
Deere & Co. | | | | | 5,500 | | | | | | 879,120 | | |
Delta Air Lines, Inc. | | | | | 10,800 | | | | | | 557,820 | | |
Deluxe Corp. | | | | | 800 | | | | | | 34,976 | | |
DMC Global, Inc. | | | | | 200 | | | | | | 9,928 | | |
Donaldson Co., Inc. | | | | | 2,200 | | | | | | 110,132 | | |
Douglas Dynamics, Inc. | | | | | 300 | | | | | | 11,421 | | |
Dover Corp. | | | | | 2,600 | | | | | | 243,880 | | |
Ducommun, Inc.(a) | | | | | 100 | | | | | | 4,352 | | |
DXP Enterprises, Inc.(a) | | | | | 200 | | | | | | 7,784 | | |
Dycom Industries, Inc.(a) | | | | | 400 | | | | | | 18,376 | | |
Eastern Co. (The) | | | | | 100 | | | | | | 2,752 | | |
Eaton Corp. PLC | | | | | 7,400 | | | | | | 596,144 | | |
Echo Global Logistics, Inc.(a) | | | | | 300 | | | | | | 7,434 | | |
EMCOR Group, Inc. | | | | | 1,100 | | | | | | 80,388 | | |
Emerson Electric Co. | | | | | 10,400 | | | | | | 712,088 | | |
Encore Wire Corp. | | | | | 200 | | | | | | 11,444 | | |
Energous Corp.(a) | | | | | 200 | | | | | | 1,268 | | |
Energy Recovery, Inc.(a) | | | | | 400 | | | | | | 3,492 | | |
EnerSys | | | | | 800 | | | | | | 52,128 | | |
Ennis, Inc. | | | | | 300 | | | | | | 6,228 | | |
Enphase Energy, Inc.(a) | | | | | 2,500 | | | | | | 23,075 | | |
EnPro Industries, Inc. | | | | | 500 | | | | | | 32,225 | | |
Equifax, Inc. | | | | | 2,000 | | | | | | 237,000 | | |
ESCO Technologies, Inc. | | | | | 600 | | | | | | 40,218 | | |
Evoqua Water Technologies Corp.(a) | | | | | 1,700 | | | | | | 21,386 | | |
Expeditors International of Washington, Inc. | | | | | 3,100 | | | | | | 235,290 | | |
Exponent, Inc. | | | | | 1,000 | | | | | | 57,720 | | |
Fastenal Co. | | | | | 5,300 | | | | | | 340,843 | | |
Federal Signal Corp. | | | | | 700 | | | | | | 18,193 | | |
FedEx Corp. | | | | | 4,200 | | | | | | 761,922 | | |
Flowserve Corp. | | | | | 2,400 | | | | | | 108,336 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Fluor Corp. | | | | | 2,600 | | | | | $ | 95,680 | | |
Forrester Research, Inc. | | | | | 100 | | | | | | 4,835 | | |
Fortive Corp. | | | | | 12,139 | | | | | | 1,018,341 | | |
Fortune Brands Home & Security, Inc. | | | | | 2,500 | | | | | | 119,025 | | |
Forward Air Corp. | | | | | 600 | | | | | | 38,838 | | |
Franklin Electric Co., Inc. | | | | | 1,000 | | | | | | 51,090 | | |
FTI Consulting, Inc.(a) | | | | | 700 | | | | | | 53,774 | | |
Gardner Denver Holdings, Inc.(a) | | | | | 2,800 | | | | | | 77,868 | | |
Gates Industrial Corp. PLC(a) | | | | | 20,300 | | | | | | 291,102 | | |
GATX Corp. | | | | | 800 | | | | | | 61,096 | | |
Generac Holdings, Inc.(a) | | | | | 1,100 | | | | | | 56,353 | | |
General Dynamics Corp. | | | | | 14,910 | | | | | | 2,523,965 | | |
General Electric Co. | | | | | 148,100 | | | | | | 1,479,519 | | |
Genesee & Wyoming, Inc., Class A(a) | | | | | 1,000 | | | | | | 87,140 | | |
Gibraltar Industries, Inc.(a) | | | | | 400 | | | | | | 16,244 | | |
Global Brass & Copper Holdings, Inc. | | | | | 200 | | | | | | 6,888 | | |
GMS, Inc.(a) | | | | | 400 | | | | | | 6,048 | | |
Gorman-Rupp Co. (The) | | | | | 200 | | | | | | 6,788 | | |
Graco, Inc. | | | | | 15,728 | | | | | | 778,850 | | |
GrafTech International Ltd. | | | | | 500 | | | | | | 6,395 | | |
Granite Construction, Inc. | | | | | 954 | | | | | | 41,165 | | |
Great Lakes Dredge & Dock Corp.(a) | | | | | 700 | | | | | | 6,237 | | |
Greenbrier Cos., Inc. (The) | | | | | 700 | | | | | | 22,561 | | |
Griffon Corp. | | | | | 300 | | | | | | 5,544 | | |
H&E Equipment Services, Inc. | | | | | 400 | | | | | | 10,044 | | |
Harris Corp. | | | | | 2,000 | | | | | | 319,420 | | |
Harsco Corp.(a) | | | | | 1,900 | | | | | | 38,304 | | |
Hawaiian Holdings, Inc. | | | | | 600 | | | | | | 15,750 | | |
HC2 Holdings, Inc.(a) | | | | | 500 | | | | | | 1,225 | | |
HD Supply Holdings, Inc.(a) | | | | | 3,500 | | | | | | 151,725 | | |
Healthcare Services Group, Inc. | | | | | 1,100 | | | | | | 36,289 | | |
Heartland Express, Inc. | | | | | 500 | | | | | | 9,640 | | |
HEICO Corp. | | | | | 800 | | | | | | 75,896 | | |
HEICO Corp., Class A | | | | | 1,550 | | | | | | 130,293 | | |
Heidrick & Struggles International, Inc. | | | | | 200 | | | | | | 7,666 | | |
Herc Holdings, Inc.(a) | | | | | 300 | | | | | | 11,694 | | |
Heritage-Crystal Clean, Inc.(a) | | | | | 200 | | | | | | 5,490 | | |
Herman Miller, Inc. | | | | | 1,300 | | | | | | 45,734 | | |
Hertz Global Holdings, Inc.(a) | | | | | 600 | | | | | | 10,422 | | |
Hexcel Corp. | | | | | 1,500 | | | | | | 103,740 | | |
Hillenbrand, Inc. | | | | | 1,300 | | | | | | 53,989 | | |
HNI Corp. | | | | | 1,000 | | | | | | 36,290 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Honeywell International, Inc. | | | | | 12,500 | | | | | $ | 1,986,500 | | |
Hub Group, Inc., Class A(a) | | | | | 400 | | | | | | 16,340 | | |
Hubbell, Inc. | | | | | 1,100 | | | | | | 129,778 | | |
Huntington Ingalls Industries, Inc. | | | | | 800 | | | | | | 165,760 | | |
Hurco Cos., Inc. | | | | | 100 | | | | | | 4,033 | | |
Huron Consulting Group, Inc.(a) | | | | | 300 | | | | | | 14,166 | | |
Hyster-Yale Materials Handling, Inc. | | | | | 100 | | | | | | 6,236 | | |
ICF International, Inc. | | | | | 200 | | | | | | 15,216 | | |
IDEX Corp. | | | | | 4,400 | | | | | | 667,656 | | |
IHS Markit Ltd.(a) | | | | | 7,000 | | | | | | 380,660 | | |
Illinois Tool Works, Inc. | | | | | 5,600 | | | | | | 803,768 | | |
Ingersoll-Rand PLC | | | | | 4,100 | | | | | | 442,595 | | |
InnerWorkings, Inc.(a) | | | | | 500 | | | | | | 1,810 | | |
Insperity, Inc. | | | | | 700 | | | | | | 86,562 | | |
Insteel Industries, Inc. | | | | | 200 | | | | | | 4,184 | | |
Interface, Inc. | | | | | 700 | | | | | | 10,724 | | |
ITT, Inc. | | | | | 1,700 | | | | | | 98,600 | | |
Jacobs Engineering Group, Inc. | | | | | 2,400 | | | | | | 180,456 | | |
JB Hunt Transport Services, Inc. | | | | | 1,700 | | | | | | 172,193 | | |
JELD-WEN Holding, Inc.(a) | | | | | 800 | | | | | | 14,128 | | |
JetBlue Airways Corp.(a) | | | | | 5,900 | | | | | | 96,524 | | |
John Bean Technologies Corp. | | | | | 700 | | | | | | 64,323 | | |
Johnson Controls International PLC | | | | | 15,400 | | | | | | 568,876 | | |
Kadant, Inc. | | | | | 100 | | | | | | 8,796 | | |
Kaman Corp. | | | | | 600 | | | | | | 35,064 | | |
Kansas City Southern | | | | | 1,800 | | | | | | 208,764 | | |
KAR Auction Services, Inc. | | | | | 2,600 | | | | | | 133,406 | | |
KBR, Inc. | | | | | 2,700 | | | | | | 51,543 | | |
Kelly Services, Inc., Class A | | | | | 300 | | | | | | 6,618 | | |
Kennametal, Inc. | | | | | 1,500 | | | | | | 55,125 | | |
KeyW Holding Corp. (The)(a) | | | | | 600 | | | | | | 5,172 | | |
Kforce, Inc. | | | | | 300 | | | | | | 10,536 | | |
Kimball International, Inc., Class B | | | | | 400 | | | | | | 5,656 | | |
Kirby Corp.(a) | | | | | 1,100 | | | | | | 82,621 | | |
Knight-Swift Transportation Holdings, Inc. | | | | | 59,600 | | | | | | 1,947,728 | | |
Knoll, Inc. | | | | | 600 | | | | | | 11,346 | | |
Korn Ferry | | | | | 1,000 | | | | | | 44,780 | | |
Kratos Defense & Security Solutions, Inc.(a) | | | | | 2,300 | | | | | | 35,949 | | |
L3 Technologies, Inc. | | | | | 1,400 | | | | | | 288,918 | | |
Landstar System, Inc. | | | | | 700 | | | | | | 76,573 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Lennox International, Inc. | | | | | 600 | | | | | $ | 158,640 | | |
Lincoln Electric Holdings, Inc. | | | | | 1,200 | | | | | | 100,644 | | |
Lindsay Corp. | | | | | 9,705 | | | | | | 939,347 | | |
Lockheed Martin Corp. | | | | | 4,210 | | | | | | 1,263,674 | | |
LSC Communications, Inc. | | | | | 400 | | | | | | 2,612 | | |
Lydall, Inc.(a) | | | | | 200 | | | | | | 4,692 | | |
Macquarie Infrastructure Corp. | | | | | 1,500 | | | | | | 61,830 | | |
Manitowoc Co., Inc. (The)(a) | | | | | 400 | | | | | | 6,564 | | |
ManpowerGroup, Inc. | | | | | 1,100 | | | | | | 90,959 | | |
Marten Transport Ltd. | | | | | 400 | | | | | | 7,132 | | |
Masco Corp. | | | | | 5,500 | | | | | | 216,205 | | |
Masonite International Corp.(a) | | | | | 300 | | | | | | 14,967 | | |
MasTec, Inc.(a) | | | | | 1,200 | | | | | | 57,720 | | |
Matson, Inc. | | | | | 500 | | | | | | 18,045 | | |
Matthews International Corp., Class A | | | | | 400 | | | | | | 14,780 | | |
Maxar Technologies, Inc. | | | | | 800 | | | | | | 3,216 | | |
McGrath RentCorp | | | | | 300 | | | | | | 16,971 | | |
Mercury Systems, Inc.(a) | | | | | 1,000 | | | | | | 64,080 | | |
Meritor, Inc.(a) | | | | | 2,000 | | | | | | 40,700 | | |
Middleby Corp. (The)(a) | | | | | 1,000 | | | | | | 130,030 | | |
Milacron Holdings Corp.(a) | | | | | 800 | | | | | | 9,056 | | |
Mistras Group, Inc.(a) | | | | | 200 | | | | | | 2,762 | | |
Mobile Mini, Inc. | | | | | 1,000 | | | | | | 33,940 | | |
Moog, Inc., Class A | | | | | 600 | | | | | | 52,170 | | |
MRC Global, Inc.(a) | | | | | 1,000 | | | | | | 17,480 | | |
MSA Safety, Inc. | | | | | 600 | | | | | | 62,040 | | |
MSC Industrial Direct Co., Inc., Class A | | | | | 800 | | | | | | 66,168 | | |
Mueller Industries, Inc. | | | | | 1,300 | | | | | | 40,742 | | |
Mueller Water Products, Inc., Class A | | | | | 3,500 | | | | | | 35,140 | | |
Multi-Color Corp. | | | | | 200 | | | | | | 9,978 | | |
MYR Group, Inc.(a) | | | | | 200 | | | | | | 6,926 | | |
National Presto Industries, Inc. | | | | | 100 | | | | | | 10,855 | | |
Navigant Consulting, Inc. | | | | | 500 | | | | | | 9,735 | | |
Navistar International Corp.(a) | | | | | 1,100 | | | | | | 35,530 | | |
NCI Building Systems, Inc.(a) | | | | | 500 | | | | | | 3,080 | | |
Nielsen Holdings PLC | | | | | 5,700 | | | | | | 134,919 | | |
NN, Inc. | | | | | 300 | | | | | | 2,247 | | |
Nordson Corp. | | | | | 5,700 | | | | | | 755,364 | | |
Norfolk Southern Corp. | | | | | 4,600 | | | | | | 859,694 | | |
Northrop Grumman Corp. | | | | | 2,690 | | | | | | 725,224 | | |
NOW, Inc.(a) | | | | | 2,400 | | | | | | 33,504 | | |
NV5 Global, Inc.(a) | | | | | 100 | | | | | | 5,936 | | |
nVent Electric PLC | | | | | 2,800 | | | | | | 75,544 | | |
Old Dominion Freight Line, Inc. | | | | | 1,200 | | | | | | 173,268 | | |
Oshkosh Corp. | | | | | 1,200 | | | | | | 90,156 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Owens Corning | | | | | 1,800 | | | | | $ | 84,816 | | |
PACCAR, Inc. | | | | | 5,700 | | | | | | 388,398 | | |
Park-Ohio Holdings Corp. | | | | | 100 | | | | | | 3,238 | | |
Parker-Hannifin Corp. | | | | | 2,200 | | | | | | 377,564 | | |
Patrick Industries, Inc.(a) | | | | | 300 | | | | | | 13,596 | | |
Pentair PLC | | | | | 2,700 | | | | | | 120,177 | | |
PGT Innovations, Inc.(a) | | | | | 600 | | | | | | 8,310 | | |
Pitney Bowes, Inc. | | | | | 2,100 | | | | | | 14,427 | | |
Plug Power, Inc.(a) | | | | | 2,600 | | | | | | 6,240 | | |
Powell Industries, Inc. | | | | | 100 | | | | | | 2,655 | | |
Primoris Services Corp. | | | | | 500 | | | | | | 10,340 | | |
Proto Labs, Inc.(a) | | | | | 600 | | | | | | 63,084 | | |
Quad/Graphics, Inc. | | | | | 400 | | | | | | 4,760 | | |
Quanex Building Products Corp. | | | | | 400 | | | | | | 6,356 | | |
Quanta Services, Inc. | | | | | 2,800 | | | | | | 105,672 | | |
Raven Industries, Inc. | | | | | 400 | | | | | | 15,348 | | |
Raytheon Co. | | | | | 11,850 | | | | | | 2,157,648 | | |
RBC Bearings, Inc.(a) | | | | | 400 | | | | | | 50,868 | | |
Regal Beloit Corp. | | | | | 800 | | | | | | 65,496 | | |
Republic Services, Inc. | | | | | 4,000 | | | | | | 321,520 | | |
Resideo Technologies, Inc.(a) | | | | | 1,916 | | | | | | 36,960 | | |
Resources Connection, Inc. | | | | | 300 | | | | | | 4,962 | | |
REV Group, Inc. | | | | | 300 | | | | | | 3,285 | | |
Rexnord Corp.(a) | | | | | 2,000 | | | | | | 50,280 | | |
Ritchie Bros Auctioneers, Inc. | | | | | 9,650 | | | | | | 328,100 | | |
Robert Half International, Inc. | | | | | 2,100 | | | | | | 136,836 | | |
Rockwell Automation, Inc. | | | | | 4,750 | | | | | | 833,435 | | |
Rollins, Inc. | | | | | 2,600 | | | | | | 108,212 | | |
Roper Technologies, Inc. | | | | | 11,775 | | | | | | 4,026,697 | | |
RR Donnelley & Sons Co. | | | | | 800 | | | | | | 3,776 | | |
Rush Enterprises, Inc., Class A | | | | | 700 | | | | | | 29,267 | | |
Rush Enterprises, Inc., Class B | | | | | 100 | | | | | | 4,153 | | |
Ryder System, Inc. | | | | | 1,000 | | | | | | 61,990 | | |
Saia, Inc.(a) | | | | | 600 | | | | | | 36,660 | | |
Schneider Electric SE, ADR | | | | | 19,675 | | | | | | 307,914 | | |
Schneider National, Inc., Class B | | | | | 500 | | | | | | 10,525 | | |
Scorpio Bulkers, Inc. | | | | | 700 | | | | | | 2,688 | | |
Sensata Technologies Holding PLC(a) | | | | | 3,100 | | | | | | 139,562 | | |
Simpson Manufacturing Co., Inc. | | | | | 17,119 | | | | | | 1,014,643 | | |
SiteOne Landscape Supply, Inc.(a) | | | | | 600 | | | | | | 34,290 | | |
SkyWest, Inc. | | | | | 1,000 | | | | | | 54,290 | | |
Snap-on, Inc. | | | | | 900 | | | | | | 140,868 | | |
Southwest Airlines Co. | | | | | 8,500 | | | | | | 441,235 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
SP Plus Corp.(a) | | | | | 200 | | | | | $ | 6,824 | | |
Spartan Motors, Inc. | | | | | 400 | | | | | | 3,532 | | |
Spirit AeroSystems Holdings, Inc., Class A | | | | | 2,000 | | | | | | 183,060 | | |
Spirit Airlines, Inc.(a) | | | | | 1,300 | | | | | | 68,718 | | |
SPX Corp.(a) | | | | | 1,100 | | | | | | 38,269 | | |
SPX FLOW, Inc.(a) | | | | | 500 | | | | | | 15,950 | | |
Standex International Corp. | | | | | 400 | | | | | | 29,360 | | |
Stanley Black & Decker, Inc. | | | | | 2,500 | | | | | | 340,425 | | |
Steelcase, Inc., Class A | | | | | 1,000 | | | | | | 14,550 | | |
Stericycle, Inc.(a) | | | | | 6,750 | | | | | | 367,335 | | |
Sterling Construction Co., Inc.(a) | | | | | 300 | | | | | | 3,756 | | |
Sun Hydraulics Corp. | | | | | 800 | | | | | | 37,208 | | |
Sunrun, Inc.(a) | | | | | 2,200 | | | | | | 30,932 | | |
Systemax, Inc. | | | | | 100 | | | | | | 2,264 | | |
Team, Inc.(a) | | | | | 300 | | | | | | 5,250 | | |
Teledyne Technologies, Inc.(a) | | | | | 700 | | | | | | 165,907 | | |
Tennant Co. | | | | | 200 | | | | | | 12,418 | | |
Terex Corp. | | | | | 1,600 | | | | | | 51,408 | | |
Tetra Tech, Inc. | | | | | 1,000 | | | | | | 59,590 | | |
Textainer Group Holdings Ltd.(a) | | | | | 300 | | | | | | 2,895 | | |
Textron, Inc. | | | | | 4,500 | | | | | | 227,970 | | |
Thermon Group Holdings, Inc.(a) | | | | | 400 | | | | | | 9,804 | | |
Timken Co. (The) | | | | | 1,300 | | | | | | 56,706 | | |
Titan International, Inc. | | | | | 600 | | | | | | 3,582 | | |
Titan Machinery, Inc.(a) | | | | | 200 | | | | | | 3,112 | | |
Toro Co. (The) | | | | | 1,800 | | | | | | 123,912 | | |
TransDigm Group, Inc.(a) | | | | | 830 | | | | | | 376,812 | | |
TransUnion | | | | | 3,400 | | | | | | 227,256 | | |
Trex Co., Inc.(a) | | | | | 1,000 | | | | | | 61,520 | | |
TriMas Corp.(a) | | | | | 1,200 | | | | | | 36,276 | | |
TriNet Group, Inc.(a) | | | | | 1,000 | | | | | | 59,740 | | |
Trinity Industries, Inc. | | | | | 2,900 | | | | | | 63,017 | | |
Triton International Ltd. | | | | | 1,100 | | | | | | 34,210 | | |
Triumph Group, Inc. | | | | | 600 | | | | | | 11,436 | | |
TrueBlue, Inc.(a) | | | | | 500 | | | | | | 11,820 | | |
Tutor Perini Corp.(a) | | | | | 400 | | | | | | 6,848 | | |
UniFirst Corp. | | | | | 300 | | | | | | 46,050 | | |
Union Pacific Corp. | | | | | 12,500 | | | | | | 2,090,000 | | |
United Continental Holdings, Inc.(a) | | | | | 4,100 | | | | | | 327,098 | | |
United Parcel Service, Inc., Class B | | | | | 11,800 | | | | | | 1,318,532 | | |
United Rentals, Inc.(a) | | | | | 1,500 | | | | | | 171,375 | | |
United Technologies Corp. | | | | | 13,975 | | | | | | 1,801,238 | | |
Univar, Inc.(a) | | | | | 2,100 | | | | | | 46,536 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDUSTRIALS – (continued) | | ||||||||||||
Universal Forest Products, Inc. | | | | | 1,300 | | | | | $ | 38,857 | | |
US Ecology, Inc. | | | | | 300 | | | | | | 16,794 | | |
USG Corp. | | | | | 1,600 | | | | | | 69,280 | | |
Valmont Industries, Inc. | | | | | 400 | | | | | | 52,040 | | |
Vectrus, Inc.(a) | | | | | 100 | | | | | | 2,659 | | |
Verisk Analytics, Inc. | | | | | 6,800 | | | | | | 904,400 | | |
Veritiv Corp.(a) | | | | | 100 | | | | | | 2,632 | | |
Viad Corp. | | | | | 200 | | | | | | 11,258 | | |
Vicor Corp.(a) | | | | | 200 | | | | | | 6,204 | | |
VSE Corp. | | | | | 100 | | | | | | 3,158 | | |
Wabash National Corp. | | | | | 700 | | | | | | 9,485 | | |
WABCO Holdings, Inc.(a) | | | | | 14,809 | | | | | | 1,952,270 | | |
Wabtec Corp. | | | | | 2,540 | | | | | | 187,249 | | |
WageWorks, Inc.(a) | | | | | 500 | | | | | | 18,880 | | |
Waste Management, Inc. | | | | | 7,300 | | | | | | 758,543 | | |
Watsco, Inc. | | | | | 600 | | | | | | 85,926 | | |
Watts Water Technologies, Inc., Class A | | | | | 600 | | | | | | 48,492 | | |
Welbilt, Inc.(a) | | | | | 2,600 | | | | | | 42,588 | | |
Werner Enterprises, Inc. | | | | | 28,764 | | | | | | 982,291 | | |
Wesco Aircraft Holdings, Inc.(a) | | | | | 600 | | | | | | 5,274 | | |
WESCO International, Inc.(a) | | | | | 900 | | | | | | 47,709 | | |
Woodward, Inc. | | | | | 900 | | | | | | 85,401 | | |
WW Grainger, Inc. | | | | | 780 | | | | | | 234,725 | | |
XPO Logistics, Inc.(a) | | | | | 2,400 | | | | | | 128,976 | | |
Xylem, Inc. | | | | | 2,900 | | | | | | 229,216 | | |
YRC Worldwide, Inc.(a) | | | | | 400 | | | | | | 2,676 | | |
Total Industrials | | | | | 69,934,445 | | | ||||||
INFORMATION TECHNOLOGY – 23.0% | | ||||||||||||
2U, Inc.(a) | | | | | 1,100 | | | | | | 77,935 | | |
3D Systems Corp.(a) | | | | | 1,300 | | | | | | 13,988 | | |
8x8, Inc.(a) | | | | | 2,100 | | | | | | 42,420 | | |
A10 Networks, Inc.(a) | | | | | 600 | | | | | | 4,254 | | |
Acacia Communications, Inc.(a) | | | | | 800 | | | | | | 45,880 | | |
Accenture PLC, Class A | | | | | 14,771 | | | | | | 2,599,991 | | |
ACI Worldwide, Inc.(a) | | | | | 2,300 | | | | | | 75,601 | | |
Activision Blizzard, Inc. | | | | | 12,800 | | | | | | 582,784 | | |
Adobe Systems, Inc.(a) | | | | | 8,510 | | | | | | 2,267,830 | | |
ADTRAN, Inc. | | | | | 600 | | | | | | 8,220 | | |
Advanced Energy Industries, Inc.(a) | | | | | 500 | | | | | | 24,840 | | |
Advanced Micro Devices, Inc.(a) | | | | | 15,700 | | | | | | 400,664 | | |
Akamai Technologies, Inc.(a) | | | | | 5,900 | | | | | | 423,089 | | |
Alarm.com Holdings, Inc.(a) | | | | | 700 | | | | | | 45,430 | | |
Alliance Data Systems Corp. | | | | | 900 | | | | | | 157,482 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Alpha & Omega Semiconductor Ltd.(a) | | | | | 200 | | | | | $ | 2,302 | | |
Alphabet, Inc., Class A(a) | | | | | 6,981 | | | | | | 8,215,869 | | |
Alphabet, Inc., Class C(a) | | | | | 5,310 | | | | | | 6,230,276 | | |
Altair Engineering, Inc., Class A(a) | | | | | 400 | | | | | | 14,724 | | |
Alteryx, Inc., Class A(a) | | | | | 700 | | | | | | 58,709 | | |
Ambarella, Inc.(a) | | | | | 400 | | | | | | 17,280 | | |
Amdocs Ltd. | | | | | 2,500 | | | | | | 135,275 | | |
American Software, Inc., Class A | | | | | 300 | | | | | | 3,585 | | |
Amkor Technology, Inc.(a) | | | | | 1,200 | | | | | | 10,248 | | |
Amphenol Corp., Class A | | | | | 27,454 | | | | | | 2,592,756 | | |
Analog Devices, Inc. | | | | | 6,300 | | | | | | 663,201 | | |
Anaplan, Inc.(a) | | | | | 500 | | | | | | 19,680 | | |
Anixter International, Inc.(a) | | | | | 600 | | | | | | 33,666 | | |
ANSYS, Inc.(a) | | | | | 2,900 | | | | | | 529,859 | | |
Appfolio, Inc., Class A(a) | | | | | 400 | | | | | | 31,760 | | |
Apple, Inc. | | | | | 82,210 | | | | | | 15,615,789 | | |
Applied Materials, Inc. | | | | | 62,338 | | | | | | 2,472,325 | | |
Applied Optoelectronics, Inc.(a) | | | | | 200 | | | | | | 2,440 | | |
Arista Networks, Inc.(a) | | | | | 1,000 | | | | | | 314,460 | | |
Arlo Technologies, Inc.(a) | | | | | 792 | | | | | | 3,271 | | |
ARRIS International PLC(a) | | | | | 3,200 | | | | | | 101,152 | | |
Arrow Electronics, Inc.(a) | | | | | 1,600 | | | | | | 123,296 | | |
Aspen Technology, Inc.(a) | | | | | 1,400 | | | | | | 145,964 | | |
Atlassian Corp. PLC, Class A(a) | | | | | 1,900 | | | | | | 213,541 | | |
Autodesk, Inc.(a) | | | | | 3,700 | | | | | | 576,534 | | |
Automatic Data Processing, Inc. | | | | | 7,500 | | | | | | 1,198,050 | | |
Avaya Holdings Corp.(a) | | | | | 1,500 | | | | | | 25,245 | | |
Avnet, Inc. | | | | | 2,000 | | | | | | 86,740 | | |
AVX Corp. | | | | | 500 | | | | | | 8,670 | | |
Axcelis Technologies, Inc.(a) | | | | | 400 | | | | | | 8,048 | | |
Badger Meter, Inc. | | | | | 700 | | | | | | 38,948 | | |
Belden, Inc. | | | | | 900 | | | | | | 48,330 | | |
Benchmark Electronics, Inc. | | | | | 600 | | | | | | 15,750 | | |
Benefitfocus, Inc.(a) | | | | | 500 | | | | | | 24,760 | | |
Black Knight, Inc.(a) | | | | | 2,700 | | | | | | 147,150 | | |
Blackbaud, Inc. | | | | | 5,250 | | | | | | 418,583 | | |
Blackline, Inc.(a) | | | | | 800 | | | | | | 37,056 | | |
Blucora, Inc.(a) | | | | | 500 | | | | | | 16,690 | | |
Booz Allen Hamilton Holding Corp. | | | | | 2,500 | | | | | | 145,350 | | |
Bottomline Technologies DE, Inc.(a) | | | | | 900 | | | | | | 45,081 | | |
Box, Inc., Class A(a) | | | | | 2,700 | | | | | | 52,137 | | |
Brightcove, Inc.(a) | | | | | 400 | | | | | | 3,364 | | |
Broadcom, Inc. | | | | | 6,950 | | | | | | 2,089,934 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Broadridge Financial Solutions, Inc. | | | | | 2,200 | | | | | $ | 228,118 | | |
Brooks Automation, Inc. | | | | | 1,600 | | | | | | 46,928 | | |
Cabot Microelectronics Corp. | | | | | 580 | | | | | | 64,937 | | |
CACI International, Inc., Class A(a) | | | | | 400 | | | | | | 72,808 | | |
Cadence Design Systems, Inc.(a) | | | | | 4,600 | | | | | | 292,146 | | |
CalAmp Corp.(a) | | | | | 400 | | | | | | 5,032 | | |
Calix, Inc.(a) | | | | | 500 | | | | | | 3,850 | | |
Carbon Black, Inc.(a) | | | | | 1,200 | | | | | | 16,740 | | |
Carbonite, Inc.(a) | | | | | 300 | | | | | | 7,443 | | |
Cardtronics PLC, Class A(a) | | | | | 500 | | | | | | 17,790 | | |
Care.com, Inc.(a) | | | | | 200 | | | | | | 3,952 | | |
Cargurus, Inc.(a) | | | | | 700 | | | | | | 28,042 | | |
Cars.com, Inc.(a) | | | | | 1,500 | | | | | | 34,200 | | |
Cass Information Systems, Inc. | | | | | 120 | | | | | | 5,676 | | |
CDK Global, Inc. | | | | | 2,300 | | | | | | 135,286 | | |
CDW Corp. | | | | | 2,700 | | | | | | 260,199 | | |
Ceridian HCM Holding, Inc.(a) | | | | | 900 | | | | | | 46,170 | | |
CEVA, Inc.(a) | | | | | 300 | | | | | | 8,088 | | |
ChannelAdvisor Corp.(a) | | | | | 300 | | | | | | 3,654 | | |
Ciena Corp.(a) | | | | | 2,500 | | | | | | 93,350 | | |
Cirrus Logic, Inc.(a) | | | | | 1,200 | | | | | | 50,484 | | |
Cisco Systems, Inc. | | | | | 78,300 | | | | | | 4,227,417 | | |
Cision Ltd.(a) | | | | | 1,300 | | | | | | 17,901 | | |
Citrix Systems, Inc. | | | | | 2,500 | | | | | | 249,150 | | |
Cloudera, Inc.(a) | | | | | 3,318 | | | | | | 36,299 | | |
Cognex Corp. | | | | | 3,100 | | | | | | 157,666 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 9,800 | | | | | | 710,010 | | |
Coherent, Inc.(a) | | | | | 500 | | | | | | 70,860 | | |
Cohu, Inc. | | | | | 426 | | | | | | 6,284 | | |
CommScope Holding Co., Inc.(a) | | | | | 3,800 | | | | | | 82,574 | | |
CommVault Systems, Inc.(a) | | | | | 700 | | | | | | 45,318 | | |
Comtech Telecommunications Corp. | | | | | 300 | | | | | | 6,966 | | |
Conduent, Inc.(a) | | | | | 3,500 | | | | | | 48,405 | | |
Control4 Corp.(a) | | | | | 300 | | | | | | 5,079 | | |
CoreLogic, Inc.(a) | | | | | 1,800 | | | | | | 67,068 | | |
Cornerstone OnDemand, Inc.(a) | | | | | 1,000 | | | | | | 54,780 | | |
Corning, Inc. | | | | | 13,300 | | | | | | 440,230 | | |
Coupa Software, Inc.(a) | | | | | 1,000 | | | | | | 90,980 | | |
Cray, Inc.(a) | | | | | 500 | | | | | | 13,025 | | |
Cree, Inc.(a) | | | | | 2,000 | | | | | | 114,440 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
CSG Systems International, Inc. | | | | | 400 | | | | | $ | 16,920 | | |
CTS Corp. | | | | | 400 | | | | | | 11,748 | | |
Cypress Semiconductor Corp. | | | | | 6,200 | | | | | | 92,504 | | |
Daktronics, Inc. | | | | | 400 | | | | | | 2,980 | | |
Dell Technologies, Class C(a) | | | | | 2,834 | | | | | | 166,327 | | |
Diebold Nixdorf, Inc.(a) | | | | | 900 | | | | | | 9,963 | | |
Digi International, Inc.(a) | | | | | 300 | | | | | | 3,801 | | |
Digimarc Corp.(a) | | | | | 100 | | | | | | 3,138 | | |
Diodes, Inc.(a) | | | | | 900 | | | | | | 31,230 | | |
DocuSign, Inc.(a) | | | | | 1,400 | | | | | | 72,576 | | |
Dolby Laboratories, Inc., Class A | | | | | 1,200 | | | | | | 75,564 | | |
DXC Technology Co. | | | | | 4,400 | | | | | | 282,964 | | |
eBay, Inc. | | | | | 14,600 | | | | | | 542,244 | | |
Ebix, Inc. | | | | | 300 | | | | | | 14,811 | | |
EchoStar Corp., Class A(a) | | | | | 1,000 | | | | | | 36,450 | | |
Elastic N.V.(a) | | | | | 300 | | | | | | 23,961 | | |
Electronic Arts, Inc.(a) | | | | | 34,300 | | | | | | 3,485,909 | | |
Electronics For Imaging, Inc.(a) | | | | | 500 | | | | | | 13,450 | | |
Ellie Mae, Inc.(a) | | | | | 600 | | | | | | 59,214 | | |
Endurance International Group Holdings, Inc.(a) | | | | | 700 | | | | | | 5,075 | | |
Entegris, Inc. | | | | | 2,800 | | | | | | 99,932 | | |
Envestnet, Inc.(a) | | | | | 900 | | | | | | 58,851 | | |
EPAM Systems, Inc.(a) | | | | | 1,000 | | | | | | 169,130 | | |
ePlus, Inc.(a) | | | | | 300 | | | | | | 26,562 | | |
Etsy, Inc.(a) | | | | | 2,100 | | | | | | 141,162 | | |
Euronet Worldwide, Inc.(a) | | | | | 900 | | | | | | 128,331 | | |
Everbridge, Inc.(a) | | | | | 600 | | | | | | 45,006 | | |
Everi Holdings, Inc.(a) | | | | | 700 | | | | | | 7,364 | | |
EVERTEC, Inc. | | | | | 1,400 | | | | | | 38,934 | | |
Evo Payments, Inc., Class A(a) | | | | | 700 | | | | | | 20,335 | | |
ExlService Holdings, Inc.(a) | | | | | 700 | | | | | | 42,014 | | |
Extreme Networks, Inc.(a) | | | | | 1,300 | | | | | | 9,737 | | |
F5 Networks, Inc.(a) | | | | | 1,100 | | | | | | 172,623 | | |
Fabrinet(a) | | | | | 800 | | | | | | 41,888 | | |
Facebook, Inc., Class A(a) | | | | | 41,100 | | | | | | 6,850,959 | | |
Fair Isaac Corp.(a) | | | | | 500 | | | | | | 135,815 | | |
FARO Technologies, Inc.(a) | | | | | 200 | | | | | | 8,782 | | |
Fidelity National Information Services, Inc. | | | | | 5,500 | | | | | | 622,050 | | |
Finisar Corp.(a) | | | | | 2,400 | | | | | | 55,608 | | |
FireEye, Inc.(a) | | | | | 3,500 | | | | | | 58,765 | | |
First Data Corp., Class A(a) | | | | | 10,100 | | | | | | 265,327 | | |
First Solar, Inc.(a) | | | | | 1,600 | | | | | | 84,544 | | |
Fiserv, Inc.(a) | | | | | 6,800 | | | | | | 600,304 | | |
Fitbit, Inc., Class A(a) | | | | | 5,000 | | | | | | 29,600 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Five9, Inc.(a) | | | | | 1,100 | | | | | $ | 58,113 | | |
FleetCor Technologies, Inc.(a) | | | | | 1,400 | | | | | | 345,226 | | |
FLIR Systems, Inc. | | | | | 2,500 | | | | | | 118,950 | | |
ForeScout Technologies, Inc.(a) | | | | | 400 | | | | | | 16,764 | | |
FormFactor, Inc.(a) | | | | | 800 | | | | | | 12,872 | | |
Fortinet, Inc.(a) | | | | | 2,600 | | | | | | 218,322 | | |
Gartner, Inc.(a) | | | | | 1,400 | | | | | | 212,352 | | |
Genpact Ltd. | | | | | 3,200 | | | | | | 112,576 | | |
Global Payments, Inc. | | | | | 2,900 | | | | | | 395,908 | | |
Glu Mobile, Inc.(a) | | | | | 1,200 | | | | | | 13,128 | | |
GoDaddy, Inc., Class A(a) | | | | | 3,000 | | | | | | 225,570 | | |
Gogo, Inc.(a) | | | | | 700 | | | | | | 3,143 | | |
GrubHub, Inc.(a) | | | | | 1,700 | | | | | | 118,099 | | |
GTT Communications, Inc.(a) | | | | | 1,000 | | | | | | 34,700 | | |
Guidewire Software, Inc.(a) | | | | | 4,950 | | | | | | 480,942 | | |
Hackett Group, Inc. (The) | | | | | 300 | | | | | | 4,740 | | |
Harmonic, Inc.(a) | | | | | 900 | | | | | | 4,878 | | |
Hewlett Packard Enterprise Co. | | | | | 23,400 | | | | | | 361,062 | | |
HP, Inc. | | | | | 26,300 | | | | | | 511,009 | | |
HubSpot, Inc.(a) | | | | | 700 | | | | | | 116,347 | | |
IAC/InterActiveCorp(a) | | | | | 1,200 | | | | | | 252,132 | | |
Ichor Holdings Ltd.(a) | | | | | 200 | | | | | | 4,516 | | |
II-VI, Inc.(a) | | | | | 1,200 | | | | | | 44,688 | | |
Immersion Corp.(a) | | | | | 300 | | | | | | 2,529 | | |
Impinj, Inc.(a) | | | | | 200 | | | | | | 3,351 | | |
Infinera Corp.(a) | | | | | 1,700 | | | | | | 7,378 | | |
Inphi Corp.(a) | | | | | 1,000 | | | | | | 43,740 | | |
Insight Enterprises, Inc.(a) | | | | | 800 | | | | | | 44,048 | | |
Instructure, Inc.(a) | | | | | 800 | | | | | | 37,696 | | |
Integrated Device Technology, Inc.(a) | | | | | 2,200 | | | | | | 107,778 | | |
Intel Corp. | | | | | 77,800 | | | | | | 4,177,860 | | |
InterDigital, Inc. | | | | | 700 | | | | | | 46,186 | | |
International Business Machines Corp. | | | | | 15,800 | | | | | | 2,229,380 | | |
Intuit, Inc. | | | | | 4,200 | | | | | | 1,097,922 | | |
IPG Photonics Corp.(a) | | | | | 700 | | | | | | 106,246 | | |
Itron, Inc.(a) | | | | | 700 | | | | | | 32,655 | | |
j2 Global, Inc. | | | | | 900 | | | | | | 77,940 | | |
Jabil, Inc. | | | | | 2,800 | | | | | | 74,452 | | |
Jack Henry & Associates, Inc. | | | | | 1,400 | | | | | | 194,236 | | |
Juniper Networks, Inc. | | | | | 5,400 | | | | | | 142,938 | | |
KEMET Corp. | | | | | 600 | | | | | | 10,182 | | |
Keysight Technologies, Inc.(a) | | | | | 3,100 | | | | | | 270,320 | | |
Kimball Electronics, Inc.(a) | | | | | 300 | | | | | | 4,647 | | |
KLA-Tencor Corp. | | | | | 2,700 | | | | | | 322,407 | | |
Knowles Corp.(a) | | | | | 1,000 | | | | | | 17,630 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Lam Research Corp. | | | | | 2,600 | | | | | $ | 465,426 | | |
Lattice Semiconductor Corp.(a) | | | | | 1,400 | | | | | | 16,702 | | |
Leidos Holdings, Inc. | | | | | 2,700 | | | | | | 173,043 | | |
LIiveRamp Holdings, Inc.(a) | | | | | 1,500 | | | | | | 81,855 | | |
Limelight Networks, Inc.(a) | | | | | 1,100 | | | | | | 3,553 | | |
Littelfuse, Inc. | | | | | 400 | | | | | | 72,992 | | |
LivePerson, Inc.(a) | | | | | 1,300 | | | | | | 37,726 | | |
LogMeIn, Inc. | | | | | 3,550 | | | | | | 284,355 | | |
Lumentum Holdings, Inc.(a) | | | | | 1,320 | | | | | | 74,633 | | |
MACOM Technology Solutions Holdings, Inc.(a) | | | | | 500 | | | | | | 8,355 | | |
Manhattan Associates, Inc.(a) | | | | | 1,200 | | | | | | 66,132 | | |
ManTech International Corp., Class A | | | | | 600 | | | | | | 32,412 | | |
Marvell Technology Group Ltd. | | | | | 10,393 | | | | | | 206,717 | | |
Mastercard, Inc., Class A | | | | | 23,205 | | | | | | 5,463,617 | | |
Match Group, Inc. | | | | | 1,100 | | | | | | 62,271 | | |
Maxim Integrated Products, Inc. | | | | | 4,500 | | | | | | 239,265 | | |
MAXIMUS, Inc. | | | | | 1,200 | | | | | | 85,176 | | |
MaxLinear, Inc.(a) | | | | | 1,700 | | | | | | 43,401 | | |
Mesa Laboratories, Inc. | | | | | 100 | | | | | | 23,050 | | |
Methode Electronics, Inc. | | | | | 400 | | | | | | 11,512 | | |
Microchip Technology, Inc. | | | | | 4,200 | | | | | | 348,432 | | |
Micron Technology, Inc.(a) | | | | | 19,100 | | | | | | 789,403 | | |
Microsoft Corp. | | | | | 156,725 | | | | | | 18,484,146 | | |
MicroStrategy, Inc., Class A(a) | | | | | 100 | | | | | | 14,425 | | |
Mitek Systems, Inc.(a) | | | | | 400 | | | | | | 4,896 | | |
MKS Instruments, Inc. | | | | | 1,000 | | | | | | 93,050 | | |
MobileIron, Inc.(a) | | | | | 700 | | | | | | 3,829 | | |
Model N, Inc.(a) | | | | | 300 | | | | | | 5,262 | | |
Monolithic Power Systems, Inc. | | | | | 700 | | | | | | 94,843 | | |
Monotype Imaging Holdings, Inc. | | | | | 500 | | | | | | 9,945 | | |
Motorola Solutions, Inc. | | | | | 2,700 | | | | | | 379,134 | | |
MTS Systems Corp. | | | | | 200 | | | | | | 10,892 | | |
Nanometrics, Inc.(a) | | | | | 300 | | | | | | 9,264 | | |
National Instruments Corp. | | | | | 2,200 | | | | | | 97,592 | | |
NCR Corp.(a) | | | | | 2,200 | | | | | | 60,038 | | |
NetApp, Inc. | | | | | 4,200 | | | | | | 291,228 | | |
NETGEAR, Inc.(a) | | | | | 400 | | | | | | 13,248 | | |
NetScout Systems, Inc.(a) | | | | | 1,000 | | | | | | 28,070 | | |
New Relic, Inc.(a) | | | | | 3,250 | | | | | | 320,775 | | |
NIC, Inc. | | | | | 700 | | | | | | 11,963 | | |
Novanta, Inc.(a) | | | | | 700 | | | | | | 59,311 | | |
Nuance Communications, Inc.(a) | | | | | 5,000 | | | | | | 84,650 | | |
Nutanix, Inc., Class A(a) | | | | | 14,550 | | | | | | 549,117 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
NVE Corp. | | | | | 100 | | | | | $ | 9,789 | | |
NVIDIA Corp. | | | | | 10,020 | | | | | | 1,799,191 | | |
NXP Semiconductors N.V. | | | | | 5,700 | | | | | | 503,823 | | |
Okta, Inc.(a) | | | | | 4,850 | | | | | | 401,241 | | |
ON Semiconductor Corp.(a) | | | | | 7,900 | | | | | | 162,503 | | |
OneSpan, Inc.(a) | | | | | 300 | | | | | | 5,766 | | |
Oracle Corp. | | | | | 41,600 | | | | | | 2,234,336 | | |
OSI Systems, Inc.(a) | | | | | 200 | | | | | | 17,520 | | |
Palo Alto Networks, Inc.(a) | | | | | 4,350 | | | | | | 1,056,528 | | |
Park Electrochemical Corp. | | | | | 200 | | | | | | 3,140 | | |
Paychex, Inc. | | | | | 5,400 | | | | | | 433,080 | | |
Paycom Software, Inc.(a) | | | | | 900 | | | | | | 170,217 | | |
Paylocity Holding Corp.(a) | | | | | 600 | | | | | | 53,514 | | |
PayPal Holdings, Inc.(a) | | | | | 20,200 | | | | | | 2,097,568 | | |
PDF Solutions, Inc.(a) | | | | | 300 | | | | | | 3,705 | | |
Pegasystems, Inc. | | | | | 800 | | | | | | 52,000 | | |
Perficient, Inc.(a) | | | | | 400 | | | | | | 10,956 | | |
Perspecta, Inc. | | | | | 2,600 | | | | | | 52,572 | | |
Photronics, Inc.(a) | | | | | 800 | | | | | | 7,560 | | |
Plantronics, Inc. | | | | | 900 | | | | | | 41,499 | | |
Plexus Corp.(a) | | | | | 800 | | | | | | 48,760 | | |
Pluralsight, Inc., Class A(a) | | | | | 800 | | | | | | 25,392 | | |
Power Integrations, Inc. | | | | | 600 | | | | | | 41,964 | | |
Presidio, Inc. | | | | | 400 | | | | | | 5,920 | | |
Progress Software Corp. | | | | | 1,000 | | | | | | 44,370 | | |
Proofpoint, Inc.(a) | | | | | 1,000 | | | | | | 121,430 | | |
PROS Holdings, Inc.(a) | | | | | 800 | | | | | | 33,792 | | |
PTC, Inc.(a) | | | | | 2,200 | | | | | | 202,796 | | |
Pure Storage, Inc., Class A(a) | | | | | 19,700 | | | | | | 429,263 | | |
Q2 Holdings, Inc.(a) | | | | | 800 | | | | | | 55,408 | | |
QAD, Inc., Class A | | | | | 100 | | | | | | 4,307 | | |
Qorvo, Inc.(a) | | | | | 2,400 | | | | | | 172,152 | | |
QUALCOMM, Inc. | | | | | 20,800 | | | | | | 1,186,224 | | |
Qualys, Inc.(a) | | | | | 700 | | | | | | 57,918 | | |
Quantenna Communications, Inc.(a) | | | | | 300 | | | | | | 7,299 | | |
QuinStreet, Inc.(a) | | | | | 400 | | | | | | 5,356 | | |
Quotient Technology, Inc.(a) | | | | | 900 | | | | | | 8,883 | | |
Rambus, Inc.(a) | | | | | 1,200 | | | | | | 12,540 | | |
Rapid7, Inc.(a) | | | | | 800 | | | | | | 40,488 | | |
RealPage, Inc.(a) | | | | | 1,400 | | | | | | 84,966 | | |
Red Hat, Inc.(a) | | | | | 4,400 | | | | | | 803,880 | | |
RingCentral, Inc., Class A(a) | | | | | 1,300 | | | | | | 140,140 | | |
Rogers Corp.(a) | | | | | 400 | | | | | | 63,552 | | |
Rosetta Stone, Inc.(a) | | | | | 200 | | | | | | 4,370 | | |
Rudolph Technologies, Inc.(a) | | | | | 400 | | | | | | 9,120 | | |
Sabre Corp. | | | | | 5,300 | | | | | | 113,367 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
SailPoint Technologies Holding, Inc.(a) | | | | | 1,000 | | | | | $ | 28,720 | | |
salesforce.com, Inc.(a) | | | | | 12,500 | | | | | | 1,979,625 | | |
Sanmina Corp.(a) | | | | | 1,500 | | | | | | 43,275 | | |
ScanSource, Inc.(a) | | | | | 300 | | | | | | 10,746 | | |
Science Applications International Corp. | | | | | 890 | | | | | | 68,486 | | |
Semtech Corp.(a) | | | | | 1,200 | | | | | | 61,092 | | |
ServiceNow, Inc.(a) | | | | | 4,250 | | | | | | 1,047,583 | | |
ServiceSource International, Inc.(a) | | | | | 900 | | | | | | 829 | | |
Shutterstock, Inc. | | | | | 200 | | | | | | 9,326 | | |
Silicon Laboratories, Inc.(a) | | | | | 800 | | | | | | 64,688 | | |
Skyworks Solutions, Inc. | | | | | 2,900 | | | | | | 239,192 | | |
SMART Global Holdings, Inc.(a) | | | | | 100 | | | | | | 1,920 | | |
Splunk, Inc.(a) | | | | | 7,800 | | | | | | 971,880 | | |
SPS Commerce, Inc.(a) | | | | | 400 | | | | | | 42,424 | | |
Square, Inc., Class A(a) | | | | | 4,900 | | | | | | 367,108 | | |
SS&C Technologies Holdings, Inc. | | | | | 3,500 | | | | | | 222,915 | | |
Stamps.com, Inc.(a) | | | | | 300 | | | | | | 24,423 | | |
Stratasys Ltd.(a) | | | | | 600 | | | | | | 14,292 | | |
SunPower Corp.(a) | | | | | 700 | | | | | | 4,557 | | |
Switch, Inc., Class A | | | | | 400 | | | | | | 4,124 | | |
Sykes Enterprises, Inc.(a) | | | | | 400 | | | | | | 11,312 | | |
Symantec Corp. | | | | | 11,800 | | | | | | 271,282 | | |
Synaptics, Inc.(a) | | | | | 400 | | | | | | 15,900 | | |
SYNNEX Corp. | | | | | 838 | | | | | | 79,937 | | |
Synopsys, Inc.(a) | | | | | 5,200 | | | | | | 598,780 | | |
Tableau Software, Inc., Class A(a) | | | | | 2,650 | | | | | | 337,292 | | |
Take-Two Interactive Software, Inc.(a) | | | | | 2,000 | | | | | | 188,740 | | |
Tech Data Corp.(a) | | | | | 700 | | | | | | 71,687 | | |
TechTarget, Inc.(a) | | | | | 200 | | | | | | 3,254 | | |
Teradata Corp.(a) | | | | | 2,000 | | | | | | 87,300 | | |
Teradyne, Inc. | | | | | 3,400 | | | | | | 135,456 | | |
Texas Instruments, Inc. | | | | | 34,150 | | | | | | 3,622,290 | | |
TiVo Corp. | | | | | 1,400 | | | | | | 13,048 | | |
Total System Services, Inc. | | | | | 3,300 | | | | | | 313,533 | | |
Trade Desk, Inc. (The), Class A(a) | | | | | 600 | | | | | | 118,770 | | |
Travelport Worldwide Ltd. | | | | | 2,700 | | | | | | 42,471 | | |
Trimble, Inc.(a) | | | | | 4,700 | | | | | | 189,880 | | |
TrueCar, Inc.(a) | | | | | 800 | | | | | | 5,312 | | |
TTEC Holdings, Inc. | | | | | 200 | | | | | | 7,246 | | |
TTM Technologies, Inc.(a) | | | | | 1,100 | | | | | | 12,903 | | |
Tucows, Inc., Class A(a) | | | | | 100 | | | | | | 8,118 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INFORMATION TECHNOLOGY – (continued) | | ||||||||||||
Twilio, Inc., Class A(a) | | | | | 1,388 | | | | | $ | 179,302 | | |
Twitter, Inc.(a) | | | | | 12,000 | | | | | | 394,560 | | |
Tyler Technologies, Inc.(a) | | | | | 700 | | | | | | 143,080 | | |
Ubiquiti Networks, Inc. | | | | | 300 | | | | | | 44,913 | | |
Ultimate Software Group, Inc. (The)(a) | | | | | 500 | | | | | | 165,065 | | |
Ultra Clean Holdings, Inc.(a) | | | | | 400 | | | | | | 4,140 | | |
Unisys Corp.(a) | | | | | 600 | | | | | | 7,002 | | |
Universal Display Corp. | | | | | 700 | | | | | | 106,995 | | |
Upland Software, Inc.(a) | | | | | 100 | | | | | | 4,236 | | |
USA Technologies, Inc.(a) | | | | | 600 | | | | | | 2,490 | | |
Varonis Systems, Inc.(a) | | | | | 400 | | | | | | 23,852 | | |
Veeco Instruments, Inc.(a) | | | | | 500 | | | | | | 5,420 | | |
Verint Systems, Inc.(a) | | | | | 1,200 | | | | | | 71,832 | | |
VeriSign, Inc.(a) | | | | | 1,700 | | | | | | 308,652 | | |
Versum Materials, Inc. | | | | | 2,000 | | | | | | 100,620 | | |
ViaSat, Inc.(a) | | | | | 1,000 | | | | | | 77,500 | | |
Viavi Solutions, Inc.(a) | | | | | 4,400 | | | | | | 54,472 | | |
Virtusa Corp.(a) | | | | | 700 | | | | | | 37,415 | | |
Visa, Inc., Class A | | | | | 30,400 | | | | | | 4,748,176 | | |
Vishay Intertechnology, Inc. | | | | | 2,300 | | | | | | 42,481 | | |
Vishay Precision Group, Inc.(a) | | | | | 100 | | | | | | 3,421 | | |
VMware, Inc., Class A | | | | | 1,300 | | | | | | 234,663 | | |
Western Digital Corp. | | | | | 5,400 | | | | | | 259,524 | | |
Western Union Co. (The) | | | | | 8,500 | | | | | | 156,995 | | |
WEX, Inc.(a) | | | | | 800 | | | | | | 153,592 | | |
Workday, Inc., Class A(a) | | | | | 5,000 | | | | | | 964,250 | | |
Workiva, Inc.(a) | | | | | 800 | | | | | | 40,560 | | |
Worldpay, Inc., Class A(a) | | | | | 5,100 | | | | | | 578,850 | | |
Xerox Corp. | | | | | 3,800 | | | | | | 121,524 | | |
Xilinx, Inc. | | | | | 4,300 | | | | | | 545,197 | | |
Xperi Corp. | | | | | 600 | | | | | | 14,040 | | |
Yelp, Inc.(a) | | | | | 1,500 | | | | | | 51,750 | | |
Yext, Inc.(a) | | | | | 1,200 | | | | | | 26,232 | | |
Zebra Technologies Corp., Class A(a) | | | | | 1,000 | | | | | | 209,530 | | |
Zendesk, Inc.(a) | | | | | 2,000 | | | | | | 170,000 | | |
Zillow Group, Inc., Class A(a) | | | | | 1,000 | | | | | | 34,200 | | |
Zillow Group, Inc., Class C(a) | | | | | 2,400 | | | | | | 83,376 | | |
Zix Corp.(a) | | | | | 600 | | | | | | 4,128 | | |
Zscaler, Inc.(a) | | | | | 1,200 | | | | | | 85,116 | | |
Zynga, Inc., Class A(a) | | | | | 14,700 | | | | | | 78,351 | | |
Total Information Technology | | | | | 148,294,700 | | | ||||||
MATERIALS – 3.4% | | ||||||||||||
AdvanSix, Inc.(a) | | | | | 300 | | | | | | 8,571 | | |
Air Products & Chemicals, Inc. | | | | | 3,700 | | | | | | 706,552 | | |
AK Steel Holding Corp.(a) | | | | | 3,600 | | | | | | 9,900 | | |
Albemarle Corp. | | | | | 2,000 | | | | | | 163,960 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
Alcoa Corp.(a) | | | | | 3,600 | | | | | $ | 101,376 | | |
Allegheny Technologies, Inc.(a) | | | | | 2,200 | | | | | | 56,254 | | |
American Vanguard Corp. | | | | | 300 | | | | | | 5,166 | | |
AptarGroup, Inc. | | | | | 12,571 | | | | | | 1,337,429 | | |
Ardagh Group S.A. | | | | | 200 | | | | | | 2,600 | | |
Ashland Global Holdings, Inc. | | | | | 1,200 | | | | | | 93,756 | | |
Avery Dennison Corp. | | | | | 1,600 | | | | | | 180,800 | | |
Axalta Coating Systems Ltd.(a) | | | | | 3,700 | | | | | | 93,277 | | |
Balchem Corp. | | | | | 700 | | | | | | 64,960 | | |
Ball Corp. | | | | | 5,600 | | | | | | 324,016 | | |
Bemis Co., Inc. | | | | | 1,500 | | | | | | 83,220 | | |
Berry Global Group, Inc.(a) | | | | | 2,400 | | | | | | 129,288 | | |
Boise Cascade Co. | | | | | 400 | | | | | | 10,704 | | |
Cabot Corp. | | | | | 1,100 | | | | | | 45,793 | | |
Carpenter Technology Corp. | | | | | 1,000 | | | | | | 45,850 | | |
Celanese Corp. | | | | | 2,100 | | | | | | 207,081 | | |
Century Aluminum Co.(a) | | | | | 600 | | | | | | 5,328 | | |
CF Industries Holdings, Inc. | | | | | 4,300 | | | | | | 175,784 | | |
Chase Corp. | | | | | 100 | | | | | | 9,254 | | |
Chemours Co. (The) | | | | | 3,300 | | | | | | 122,628 | | |
Clearwater Paper Corp.(a) | | | | | 200 | | | | | | 3,896 | | |
Cleveland-Cliffs, Inc. | | | | | 5,200 | | | | | | 51,948 | | |
Coeur Mining, Inc.(a) | | | | | 2,100 | | | | | | 8,568 | | |
Commercial Metals Co. | | | | | 2,300 | | | | | | 39,284 | | |
Compass Minerals International, Inc. | | | | | 800 | | | | | | 43,496 | | |
Crown Holdings, Inc.(a) | | | | | 2,400 | | | | | | 130,968 | | |
Domtar Corp. | | | | | 1,100 | | | | | | 54,615 | | |
DowDuPont, Inc. | | | | | 39,100 | | | | | | 2,084,421 | | |
Eagle Materials, Inc. | | | | | 900 | | | | | | 75,870 | | |
Eastman Chemical Co. | | | | | 2,500 | | | | | | 189,700 | | |
Ecolab, Inc. | | | | | 16,385 | | | | | | 2,892,608 | | |
Element Solutions, Inc.(a) | | | | | 4,400 | | | | | | 44,440 | | |
Ferro Corp.(a) | | | | | 1,000 | | | | | | 18,930 | | |
FMC Corp. | | | | | 2,400 | | | | | | 184,368 | | |
Freeport-McMoRan, Inc. | | | | | 26,700 | | | | | | 344,163 | | |
FutureFuel Corp. | | | | | 300 | | | | | | 4,020 | | |
GCP Applied Technologies, Inc.(a) | | | | | 1,700 | | | | | | 50,320 | | |
Gold Resource Corp. | | | | | 600 | | | | | | 2,358 | | |
Graphic Packaging Holding Co. | | | | | 5,200 | | | | | | 65,676 | | |
Greif, Inc., Class A | | | | | 300 | | | | | | 12,375 | | |
Greif, Inc., Class B | | | | | 100 | | | | | | 4,889 | | |
Hawkins, Inc. | | | | | 100 | | | | | | 3,683 | | |
Haynes International, Inc. | | | | | 100 | | | | | | 3,283 | | |
HB Fuller Co. | | | | | 1,100 | | | | | | 53,504 | | |
Hecla Mining Co. | | | | | 5,304 | | | | | | 12,199 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
Huntsman Corp. | | | | | 3,600 | | | | | $ | 80,964 | | |
Ingevity Corp.(a) | | | | | 700 | | | | | | 73,927 | | |
Innophos Holdings, Inc. | | | | | 200 | | | | | | 6,028 | | |
Innospec, Inc. | | | | | 600 | | | | | | 50,010 | | |
International Flavors & Fragrances, Inc. | | | | | 4,900 | | | | | | 631,071 | | |
International Paper Co. | | | | | 7,500 | | | | | | 347,025 | | |
Intrepid Potash, Inc.(a) | | | | | 1,100 | | | | | | 4,169 | | |
Kaiser Aluminum Corp. | | | | | 400 | | | | | | 41,892 | | |
Koppers Holdings, Inc.(a) | | | | | 200 | | | | | | 5,196 | | |
Kraton Corp.(a) | | | | | 300 | | | | | | 9,654 | | |
Kronos Worldwide, Inc. | | | | | 300 | | | | | | 4,206 | | |
Linde PLC | | | | | 11,279 | | | | | | 1,984,314 | | |
Livent Corp.(a) | | | | | 2,244 | | | | | | 27,556 | | |
Louisiana-Pacific Corp. | | | | | 2,700 | | | | | | 65,826 | | |
LyondellBasell Industries N.V., Class A | | | | | 5,200 | | | | | | 437,216 | | |
Martin Marietta Materials, Inc. | | | | | 1,000 | | | | | | 201,180 | | |
Materion Corp. | | | | | 200 | | | | | | 11,412 | | |
Minerals Technologies, Inc. | | | | | 800 | | | | | | 47,032 | | |
Mosaic Co. (The) | | | | | 5,600 | | | | | | 152,936 | | |
Myers Industries, Inc. | | | | | 300 | | | | | | 5,133 | | |
Neenah, Inc. | | | | | 200 | | | | | | 12,872 | | |
NewMarket Corp. | | | | | 160 | | | | | | 69,370 | | |
Newmont Mining Corp. | | | | | 8,900 | | | | | | 318,353 | | |
Nucor Corp. | | | | | 5,100 | | | | | | 297,585 | | |
Olin Corp. | | | | | 3,200 | | | | | | 74,048 | | |
OMNOVA Solutions, Inc.(a) | | | | | 500 | | | | | | 3,510 | | |
Owens-Illinois, Inc. | | | | | 3,100 | | | | | | 58,838 | | |
Packaging Corp. of America | | | | | 1,700 | | | | | | 168,946 | | |
PH Glatfelter Co. | | | | | 500 | | | | | | 7,060 | | |
PolyOne Corp. | | | | | 1,500 | | | | | | 43,965 | | |
PPG Industries, Inc. | | | | | 4,100 | | | | | | 462,767 | | |
PQ Group Holdings, Inc.(a) | | | | | 300 | | | | | | 4,551 | | |
Quaker Chemical Corp. | | | | | 200 | | | | | | 40,066 | | |
Rayonier Advanced Materials, Inc. | | | | | 600 | | | | | | 8,136 | | |
Reliance Steel & Aluminum Co. | | | | | 1,300 | | | | | | 117,338 | | |
Royal Gold, Inc. | | | | | 1,200 | | | | | | 109,116 | | |
RPM International, Inc. | | | | | 2,000 | | | | | | 116,080 | | |
Schnitzer Steel Industries, Inc., Class A | | | | | 300 | | | | | | 7,200 | | |
Schweitzer-Mauduit International, Inc. | | | | | 900 | | | | | | 34,848 | | |
Scotts Miracle-Gro Co. (The) | | | | | 800 | | | | | | 62,864 | | |
Sealed Air Corp. | | | | | 3,000 | | | | | | 138,180 | | |
Sensient Technologies Corp. | | | | | 800 | | | | | | 54,232 | | |
Sherwin-Williams Co. (The) | | | | | 8,485 | | | | | | 3,654,574 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MATERIALS – (continued) | | ||||||||||||
Silgan Holdings, Inc. | | | | | 1,700 | | | | | $ | 50,371 | | |
Sonoco Products Co. | | | | | 1,800 | | | | | | 110,754 | | |
Southern Copper Corp. | | | | | 1,800 | | | | | | 71,424 | | |
Steel Dynamics, Inc. | | | | | 4,200 | | | | | | 148,134 | | |
Stepan Co. | | | | | 400 | | | | | | 35,008 | | |
Summit Materials, Inc., Class A(a) | | | | | 2,500 | | | | | | 39,675 | | |
SunCoke Energy, Inc.(a) | | | | | 700 | | | | | | 5,943 | | |
TimkenSteel Corp.(a) | | | | | 500 | | | | | | 5,430 | | |
Tredegar Corp. | | | | | 300 | | | | | | 4,842 | | |
Trinseo S.A. | | | | | 900 | | | | | | 40,770 | | |
Tronox Holdings PLC, Class A | | | | | 1,000 | | | | | | 13,150 | | |
UFP Technologies, Inc.(a) | | | | | 100 | | | | | | 3,740 | | |
United States Steel Corp. | | | | | 3,600 | | | | | | 70,164 | | |
US Concrete, Inc.(a) | | | | | 200 | | | | | | 8,284 | | |
Valvoline, Inc. | | | | | 17,600 | | | | | | 326,656 | | |
Verso Corp., Class A(a) | | | | | 400 | | | | | | 8,568 | | |
Vulcan Materials Co. | | | | | 2,200 | | | | | | 260,480 | | |
Warrior Met Coal, Inc. | | | | | 1,000 | | | | | | 30,400 | | |
Westlake Chemical Corp. | | | | | 600 | | | | | | 40,716 | | |
Westrock Co. | | | | | 4,900 | | | | | | 187,915 | | |
Worthington Industries, Inc. | | | | | 1,100 | | | | | | 41,052 | | |
WR Grace & Co. | | | | | 1,100 | | | | | | 85,844 | | |
Total Materials | | | | | 22,003,695 | | | ||||||
REAL ESTATE – 3.6% | | ||||||||||||
Acadia Realty Trust | | | | | 1,600 | | | | | | 43,632 | | |
Agree Realty Corp. | | | | | 600 | | | | | | 41,604 | | |
Alexander & Baldwin, Inc. | | | | | 1,500 | | | | | | 38,160 | | |
Alexander’s, Inc. | | | | | 50 | | | | | | 18,809 | | |
Alexandria Real Estate Equities, Inc. | | | | | 1,800 | | | | | | 256,608 | | |
American Assets Trust, Inc. | | | | | 500 | | | | | | 22,930 | | |
American Campus Communities, Inc. | | | | | 2,600 | | | | | | 123,708 | | |
American Homes 4 Rent, Class A | | | | | 5,000 | | | | | | 113,600 | | |
American Tower Corp. | | | | | 7,500 | | | | | | 1,477,950 | | |
Americold Realty Trust | | | | | 2,700 | | | | | | 82,377 | | |
Apartment Investment & Management Co., Class A | | | | | 2,701 | | | | | | 135,833 | | |
Apple Hospitality REIT, Inc. | | | | | 3,600 | | | | | | 58,680 | | |
Armada Hoffler Properties, Inc. | | | | | 500 | | | | | | 7,795 | | |
Ashford Hospitality Trust, Inc. | | | | | 900 | | | | | | 4,275 | | |
AvalonBay Communities, Inc. | | | | | 2,300 | | | | | | 461,679 | | |
Boston Properties, Inc. | | | | | 2,800 | | | | | | 374,864 | | |
Braemar Hotels & Resorts, Inc. | | | | | 300 | | | | | | 3,663 | | |
Brandywine Realty Trust | | | | | 3,300 | | | | | | 52,338 | | |
Brixmor Property Group, Inc. | | | | | 5,000 | | | | | | 91,850 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Brookfield Property REIT, Inc., Class A | | | | | 2,609 | | | | | $ | 53,458 | | |
Camden Property Trust | | | | | 1,700 | | | | | | 172,550 | | |
CareTrust REIT, Inc. | | | | | 2,000 | | | | | | 46,920 | | |
CatchMark Timber Trust, Inc., Class A | | | | | 500 | | | | | | 4,910 | | |
CBL & Associates Properties, Inc. | | | | | 1,900 | | | | | | 2,945 | | |
CBRE Group, Inc., Class A(a) | | | | | 5,900 | | | | | | 291,755 | | |
Cedar Realty Trust, Inc. | | | | | 1,000 | | | | | | 3,400 | | |
Chatham Lodging Trust | | | | | 500 | | | | | | 9,620 | | |
Chesapeake Lodging Trust | | | | | 1,300 | | | | | | 36,153 | | |
City Office REIT, Inc. | | | | | 400 | | | | | | 4,524 | | |
Colony Capital, Inc. | | | | | 10,300 | | | | | | 54,796 | | |
Columbia Property Trust, Inc. | | | | | 2,300 | | | | | | 51,773 | | |
Community Healthcare Trust, Inc. | | | | | 200 | | | | | | 7,178 | | |
CoreCivic, Inc. | | | | | 2,300 | | | | | | 44,735 | | |
CorEnergy Infrastructure Trust, Inc. | | | | | 100 | | | | | | 3,675 | | |
CorePoint Lodging, Inc. | | | | | 450 | | | | | | 5,027 | | |
CoreSite Realty Corp. | | | | | 600 | | | | | | 64,212 | | |
Corporate Office Properties Trust | | | | | 1,800 | | | | | | 49,140 | | |
Cousins Properties, Inc. | | | | | 7,100 | | | | | | 68,586 | | |
Crown Castle International Corp. | | | | | 7,100 | | | | | | 908,800 | | |
CubeSmart | | | | | 3,600 | | | | | | 115,344 | | |
Cushman & Wakefield PLC(a) | | | | | 1,500 | | | | | | 26,700 | | |
CyrusOne, Inc. | | | | | 2,000 | | | | | | 104,880 | | |
DiamondRock Hospitality Co. | | | | | 4,200 | | | | | | 45,486 | | |
Digital Realty Trust, Inc. | | | | | 3,500 | | | | | | 416,500 | | |
Douglas Emmett, Inc. | | | | | 3,000 | | | | | | 121,260 | | |
Duke Realty Corp. | | | | | 6,700 | | | | | | 204,886 | | |
Easterly Government Properties, Inc. | | | | | 1,500 | | | | | | 27,015 | | |
EastGroup Properties, Inc. | | | | | 700 | | | | | | 78,148 | | |
Empire State Realty Trust, Inc., Class A | | | | | 2,800 | | | | | | 44,240 | | |
EPR Properties | | | | | 1,400 | | | | | | 107,660 | | |
Equinix, Inc. | | | | | 1,440 | | | | | | 652,550 | | |
Equity Commonwealth | | | | | 85,420 | | | | | | 2,792,380 | | |
Equity LifeStyle Properties, Inc. | | | | | 1,500 | | | | | | 171,450 | | |
Equity Residential | | | | | 6,000 | | | | | | 451,920 | | |
Essential Properties Realty Trust, Inc. | | | | | 1,100 | | | | | | 21,472 | | |
Essex Property Trust, Inc. | | | | | 1,200 | | | | | | 347,088 | | |
Extra Space Storage, Inc. | | | | | 2,000 | | | | | | 203,820 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Farmland Partners, Inc. | | | | | 400 | | | | | $ | 2,560 | | |
Federal Realty Investment Trust | | | | | 1,400 | | | | | | 192,990 | | |
First Industrial Realty Trust, Inc. | | | | | 2,200 | | | | | | 77,792 | | |
Four Corners Property Trust, Inc. | | | | | 1,600 | | | | | | 47,360 | | |
Franklin Street Properties Corp. | | | | | 1,200 | | | | | | 8,628 | | |
Front Yard Residential Corp. | | | | | 600 | | | | | | 5,562 | | |
FRP Holdings, Inc.(a) | | | | | 100 | | | | | | 4,757 | | |
Gaming and Leisure Properties, Inc. | | | | | 3,700 | | | | | | 142,709 | | |
GEO Group, Inc. (The) | | | | | 2,300 | | | | | | 44,160 | | |
Getty Realty Corp. | | | | | 400 | | | | | | 12,812 | | |
Gladstone Commercial Corp. | | | | | 300 | | | | | | 6,231 | | |
Global Net Lease, Inc. | | | | | 800 | | | | | | 15,120 | | |
HCP, Inc. | | | | | 8,700 | | | | | | 272,310 | | |
Healthcare Realty Trust, Inc. | | | | | 11,636 | | | | | | 373,632 | | |
Healthcare Trust of America, Inc., Class A | | | | | 3,800 | | | | | | 108,642 | | |
Hersha Hospitality Trust | | | | | 400 | | | | | | 6,856 | | |
HFF, Inc., Class A | | | | | 900 | | | | | | 42,975 | | |
Highwoods Properties, Inc. | | | | | 1,700 | | | | | | 79,526 | | |
Hospitality Properties Trust | | | | | 2,700 | | | | | | 71,037 | | |
Host Hotels & Resorts, Inc. | | | | | 13,600 | | | | | | 257,040 | | |
Howard Hughes Corp. (The)(a) | | | | | 700 | | | | | | 77,000 | | |
Hudson Pacific Properties, Inc. | | | | | 3,000 | | | | | | 103,260 | | |
Independence Realty Trust, Inc. | | | | | 1,000 | | | | | | 10,790 | | |
Industrial Logistics Properties Trust | | | | | 1,154 | | | | | | 23,276 | | |
InfraREIT, Inc. | | | | | 500 | | | | | | 10,485 | | |
Innovative Industrial Properties, Inc. | | | | | 300 | | | | | | 24,507 | | |
Investors Real Estate Trust | | | | | 140 | | | | | | 8,387 | | |
Invitation Homes, Inc. | | | | | 6,000 | | | | | | 145,980 | | |
Iron Mountain, Inc. | | | | | 5,300 | | | | | | 187,938 | | |
iStar, Inc. | | | | | 800 | | | | | | 6,736 | | |
JBG SMITH Properties | | | | | 2,100 | | | | | | 86,835 | | |
Jernigan Capital, Inc. | | | | | 200 | | | | | | 4,208 | | |
Jones Lang LaSalle, Inc. | | | | | 800 | | | | | | 123,344 | | |
Kennedy-Wilson Holdings, Inc. | | | | | 2,500 | | | | | | 53,475 | | |
Kilroy Realty Corp. | | | | | 1,900 | | | | | | 144,324 | | |
Kimco Realty Corp. | | | | | 7,800 | | | | | | 144,300 | | |
Kite Realty Group Trust | | | | | 900 | | | | | | 14,391 | | |
Lamar Advertising Co., Class A | | | | | 1,600 | | | | | | 126,816 | | |
Lexington Realty Trust | | | | | 4,700 | | | | | | 42,582 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Liberty Property Trust | | | | | 2,700 | | | | | $ | 130,734 | | |
Life Storage, Inc. | | | | | 900 | | | | | | 87,543 | | |
LTC Properties, Inc. | | | | | 500 | | | | | | 22,900 | | |
Macerich Co. (The) | | | | | 2,300 | | | | | | 99,705 | | |
Mack-Cali Realty Corp. | | | | | 2,000 | | | | | | 44,400 | | |
Marcus & Millichap, Inc.(a) | | | | | 200 | | | | | | 8,146 | | |
MedEquities Realty Trust, Inc. | | | | | 300 | | | | | | 3,339 | | |
Medical Properties Trust, Inc. | | | | | 7,300 | | | | | | 135,123 | | |
Mid-America Apartment Communities, Inc. | | | | | 2,100 | | | | | | 229,593 | | |
Monmouth Real Estate Investment Corp. | | | | | 900 | | | | | | 11,862 | | |
National Health Investors, Inc. | | | | | 800 | | | | | | 62,840 | | |
National Retail Properties, Inc. | | | | | 2,800 | | | | | | 155,092 | | |
National Storage Affiliates Trust | | | | | 1,300 | | | | | | 37,063 | | |
New Senior Investment Group, Inc. | | | | | 900 | | | | | | 4,905 | | |
Newmark Group, Inc., Class A | | | | | 2,016 | | | | | | 16,813 | | |
NexPoint Residential Trust, Inc. | | | | | 200 | | | | | | 7,668 | | |
NorthStar Realty Europe Corp. | | | | | 600 | | | | | | 10,416 | | |
Office Properties Income Trust | | | | | 769 | | | | | | 21,255 | | |
Omega Healthcare Investors, Inc. | | | | | 3,100 | | | | | | 118,265 | | |
One Liberty Properties, Inc. | | | | | 200 | | | | | | 5,800 | | |
Outfront Media, Inc. | | | | | 2,700 | | | | | | 63,180 | | |
Paramount Group, Inc. | | | | | 3,900 | | | | | | 55,341 | | |
Park Hotels & Resorts, Inc. | | | | | 3,700 | | | | | | 114,996 | | |
Pebblebrook Hotel Trust | | | | | 2,569 | | | | | | 79,793 | | |
Pennsylvania Real Estate Investment Trust | | | | | 800 | | | | | | 5,032 | | |
Physicians Realty Trust | | | | | 3,400 | | | | | | 63,954 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 2,700 | | | | | | 56,295 | | |
PotlatchDeltic Corp. | | | | | 1,281 | | | | | | 48,409 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 400 | | | | | | 5,928 | | |
Prologis, Inc. | | | | | 10,630 | | | | | | 764,829 | | |
PS Business Parks, Inc. | | | | | 400 | | | | | | 62,732 | | |
Public Storage | | | | | 2,500 | | | | | | 544,450 | | |
QTS Realty Trust, Inc., Class A | | | | | 1,100 | | | | | | 49,489 | | |
Rayonier, Inc. | | | | | 2,100 | | | | | | 66,192 | | |
RE/MAX Holdings, Inc., Class A | | | | | 200 | | | | | | 7,708 | | |
Realogy Holdings Corp. | | | | | 2,600 | | | | | | 29,640 | | |
Realty Income Corp. | | | | | 4,900 | | | | | | 360,444 | | |
Redfin Corp.(a) | | | | | 2,100 | | | | | | 42,567 | | |
Regency Centers Corp. | | | | | 2,400 | | | | | | 161,976 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Retail Opportunity Investments Corp. | | | | | 2,500 | | | | | $ | 43,350 | | |
Retail Properties of America, Inc., Class A | | | | | 4,400 | | | | | | 53,636 | | |
Retail Value, Inc. | | | | | 246 | | | | | | 7,668 | | |
Rexford Industrial Realty, Inc. | | | | | 1,600 | | | | | | 57,296 | | |
RLJ Lodging Trust | | | | | 2,900 | | | | | | 50,953 | | |
RMR Group, Inc. (The), Class A | | | | | 100 | | | | | | 6,098 | | |
RPT Realty | | | | | 900 | | | | | | 10,809 | | |
Ryman Hospitality Properties, Inc. | | | | | 800 | | | | | | 65,792 | | |
Sabra Health Care REIT, Inc. | | | | | 3,100 | | | | | | 60,357 | | |
Saul Centers, Inc. | | | | | 100 | | | | | | 5,137 | | |
SBA Communications Corp.(a) | | | | | 1,900 | | | | | | 379,354 | | |
Senior Housing Properties Trust | | | | | 4,000 | | | | | | 47,120 | | |
Seritage Growth Properties, Class A | | | | | 800 | | | | | | 35,552 | | |
Simon Property Group, Inc. | | | | | 5,300 | | | | | | 965,713 | | |
SITE Centers Corp. | | | | | 2,400 | | | | | | 32,688 | | |
SL Green Realty Corp. | | | | | 1,500 | | | | | | 134,880 | | |
Spirit MTA REIT | | | | | 530 | | | | | | 3,440 | | |
Spirit Realty Capital, Inc. | | | | | 1,720 | | | | | | 68,336 | | |
St Joe Co. (The)(a) | | | | | 500 | | | | | | 8,245 | | |
STAG Industrial, Inc. | | | | | 1,900 | | | | | | 56,335 | | |
STORE Capital Corp. | | | | | 3,700 | | | | | | 123,950 | | |
Stratus Properties, Inc.(a) | | | | | 100 | | | | | | 2,641 | | |
Summit Hotel Properties, Inc. | | | | | 1,200 | | | | | | 13,692 | | |
Sun Communities, Inc. | | | | | 1,600 | | | | | | 189,632 | | |
Sunstone Hotel Investors, Inc. | | | | | 4,200 | | | | | | 60,480 | | |
Tanger Factory Outlet Centers, Inc. | | | | | 2,000 | | | | | | 41,960 | | |
Taubman Centers, Inc. | | | | | 1,000 | | | | | | 52,880 | | |
Tejon Ranch Co.(a) | | | | | 200 | | | | | | 3,520 | | |
Terreno Realty Corp. | | | | | 1,200 | | | | | | 50,448 | | |
Tier REIT, Inc. | | | | | 1,300 | | | | | | 37,258 | | |
UDR, Inc. | | | | | 5,000 | | | | | | 227,300 | | |
UMH Properties, Inc. | | | | | 400 | | | | | | 5,632 | | |
Uniti Group, Inc. | | | | | 3,100 | | | | | | 34,689 | | |
Universal Health Realty Income Trust | | | | | 100 | | | | | | 7,571 | | |
Urban Edge Properties | | | | | 2,200 | | | | | | 41,800 | | |
Urstadt Biddle Properties, Inc., Class A | | | | | 300 | | | | | | 6,192 | | |
Ventas, Inc. | | | | | 6,000 | | | | | | 382,860 | | |
VEREIT, Inc. | | | | | 17,600 | | | | | | 147,312 | | |
VICI Properties, Inc. | | | | | 7,600 | | | | | | 166,288 | | |
Vornado Realty Trust | | | | | 3,200 | | | | | | 215,808 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
REAL ESTATE – (continued) | | ||||||||||||
Washington Prime Group, Inc. | | | | | 2,100 | | | | | $ | 11,865 | | |
Washington Real Estate Investment Trust | | | | | 1,800 | | | | | | 51,084 | | |
Weingarten Realty Investors | | | | | 2,300 | | | | | | 67,551 | | |
Welltower, Inc. | | | | | 6,300 | | | | | | 488,880 | | |
Weyerhaeuser Co. | | | | | 12,500 | | | | | | 329,250 | | |
Whitestone REIT | | | | | 400 | | | | | | 4,808 | | |
WP Carey, Inc. | | | | | 3,000 | | | | | | 234,990 | | |
Xenia Hotels & Resorts, Inc. | | | | | 2,200 | | | | | | 48,202 | | |
Total Real Estate | | | | | 23,276,363 | | | ||||||
UTILITIES – 2.9% | | ||||||||||||
AES Corp. | | | | | 11,700 | | | | | | 211,536 | | |
ALLETE, Inc. | | | | | 900 | | | | | | 74,007 | | |
Alliant Energy Corp. | | | | | 4,400 | | | | | | 207,372 | | |
Ameren Corp. | | | | | 4,000 | | | | | | 294,200 | | |
American Electric Power Co., Inc. | | | | | 8,400 | | | | | | 703,500 | | |
American States Water Co. | | | | | 700 | | | | | | 49,910 | | |
American Water Works Co., Inc. | | | | | 3,300 | | | | | | 344,058 | | |
Aqua America, Inc. | | | | | 11,340 | | | | | | 413,230 | | |
Artesian Resources Corp., Class A | | | | | 100 | | | | | | 3,727 | | |
Atlantic Power Corp.(a) | | | | | 1,300 | | | | | | 3,276 | | |
Atmos Energy Corp. | | | | | 1,900 | | | | | | 195,567 | | |
Avangrid, Inc. | | | | | 1,200 | | | | | | 60,420 | | |
Avista Corp. | | | | | 1,100 | | | | | | 44,682 | | |
Black Hills Corp. | | | | | 1,000 | | | | | | 74,070 | | |
California Water Service Group | | | | | 1,000 | | | | | | 54,280 | | |
CenterPoint Energy, Inc. | | | | | 9,300 | | | | | | 285,510 | | |
Chesapeake Utilities Corp. | | | | | 200 | | | | | | 18,242 | | |
Clearway Energy, Inc., Class A | | | | | 400 | | | | | | 5,816 | | |
Clearway Energy, Inc., Class C | | | | | 700 | | | | | | 10,577 | | |
CMS Energy Corp. | | | | | 5,200 | | | | | | 288,808 | | |
Connecticut Water Service, Inc. | | | | | 13,284 | | | | | | 911,946 | | |
Consolidated Edison, Inc. | | | | | 5,200 | | | | | | 441,012 | | |
Dominion Energy, Inc. | | | | | 12,939 | | | | | | 991,904 | | |
DTE Energy Co. | | | | | 3,000 | | | | | | 374,220 | | |
Duke Energy Corp. | | | | | 12,200 | | | | | | 1,098,000 | | |
Edison International | | | | | 5,300 | | | | | | 328,176 | | |
El Paso Electric Co. | | | | | 900 | | | | | | 52,938 | | |
Entergy Corp. | | | | | 3,000 | | | | | | 286,890 | | |
Evergy, Inc. | | | | | 4,294 | | | | | | 249,267 | | |
Eversource Energy | | | | | 5,300 | | | | | | 376,035 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Exelon Corp. | | | | | 16,500 | | | | | $ | 827,145 | | |
FirstEnergy Corp. | | | | | 8,100 | | | | | | 337,041 | | |
Hawaiian Electric Industries, Inc. | | | | | 1,900 | | | | | | 77,463 | | |
IDACORP, Inc. | | | | | 900 | | | | | | 89,586 | | |
MDU Resources Group, Inc. | | | | | 3,600 | | | | | | 92,988 | | |
MGE Energy, Inc. | | | | | 700 | | | | | | 47,579 | | |
Middlesex Water Co. | | | | | 200 | | | | | | 11,198 | | |
National Fuel Gas Co. | | | | | 1,700 | | | | | | 103,632 | | |
New Jersey Resources Corp. | | | | | 1,600 | | | | | | 79,664 | | |
NextEra Energy, Inc. | | | | | 8,200 | | | | | | 1,585,224 | | |
NiSource, Inc. | | | | | 6,800 | | | | | | 194,888 | | |
Northwest Natural Holding Co. | | | | | 600 | | | | | | 39,378 | | |
NorthWestern Corp. | | | | | 1,000 | | | | | | 70,410 | | |
NRG Energy, Inc. | | | | | 5,400 | | | | | | 229,392 | | |
OGE Energy Corp. | | | | | 3,800 | | | | | | 163,856 | | |
ONE Gas, Inc. | | | | | 1,000 | | | | | | 89,030 | | |
Ormat Technologies, Inc. | | | | | 800 | | | | | | 44,120 | | |
Otter Tail Corp. | | | | | 900 | | | | | | 44,838 | | |
Pattern Energy Group, Inc., Class A | | | | | 1,800 | | | | | | 39,600 | | |
PG&E Corp.(a) | | | | | 9,000 | | | | | | 160,200 | | |
Pinnacle West Capital Corp. | | | | | 2,100 | | | | | | 200,718 | | |
PNM Resources, Inc. | | | | | 1,400 | | | | | | 66,276 | | |
Portland General Electric Co. | | | | | 1,600 | | | | | | 82,944 | | |
PPL Corp. | | | | | 12,100 | | | | | | 384,054 | | |
Public Service Enterprise Group, Inc. | | | | | 8,500 | | | | | | 504,985 | | |
Sempra Energy | | | | | 4,600 | | | | | | 578,956 | | |
SJW Group | | | | | 24,061 | | | | | | 1,485,526 | | |
South Jersey Industries, Inc. | | | | | 1,500 | | | | | | 48,105 | | |
Southern Co. (The) | | | | | 17,600 | | | | | | 909,568 | | |
Southwest Gas Holdings, Inc. | | | | | 1,000 | | | | | | 82,260 | | |
Spire, Inc. | | | | | 1,000 | | | | | | 82,290 | | |
TerraForm Power, Inc., Class A | | | | | 2,300 | | | | | | 31,602 | | |
UGI Corp. | | | | | 3,100 | | | | | | 171,802 | | |
Unitil Corp. | | | | | 200 | | | | | | 10,834 | | |
Vistra Energy Corp. | | | | | 7,000 | | | | | | 182,210 | | |
WEC Energy Group, Inc. | | | | | 5,300 | | | | | | 419,124 | | |
Xcel Energy, Inc. | | | | | 8,600 | | | | | | 483,406 | | |
York Water Co. (The) | | | | | 100 | | | | | | 3,432 | | |
Total Utilities | | | | | 18,508,500 | | | ||||||
TOTAL COMMON STOCKS (Cost: $609,583,636) | | | | | | | | | | | 630,545,260 | | |
|
Investments | | | Shares | | | Value | | ||||||
RIGHTS – 0.0%(b) | | ||||||||||||
MATERIALS – 0.0%(b) | | ||||||||||||
A. Schulman, Inc.(a) (Cost $130) | | | | | 300 | | | | | $ | 157 | | |
SHORT-TERM INVESTMENTS – 2.3% | | ||||||||||||
State Street Institutional Treasury Money Market Fund — Investor Class Shares, 2.27%(c) (Cost: $15,017,745) | | | | | 15,017,745 | | | | | | 15,017,745 | | |
|
Investments | | | Shares | | | Value | | |||
TOTAL INVESTMENTS – 99.9% (Cost: $624,601,511) | | | | $ | 645,563,162 | | | |||
OTHER ASSETS AND LIABILITIES, NET – 0.1% | | | | | | | | 367,414 | | |
NET ASSETS – 100.0% | | | | | | | $ | 645,930,576 | | |
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/Net Unrealized Appreciation (Depreciation) | | |||||||||||||||
CONTRACTS PURCHASED – 0.8% | | | | | | | |||||||||||||||||||||||||
E-Mini Russell 2000 Index | | | | | Long | | | | | | 250 | | | | | | 06/21/2019 | | | | | $ | 385,950 | | | | | $ | 2,826 | | |
E-Mini S&P 500 Index | | | | | Long | | | | | | 1,550 | | | | | | 06/21/2019 | | | | | | 4,398,590 | | | | | | 105,695 | | |
E-Mini S&P MidCap 400 Index | | | | | Long | | | | | | 300 | | | | | | 06/21/2019 | | | | | | 570,300 | | | | | | 7,448 | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 115,969 | | |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
PFM Multi-Manager Domestic Equity Fund | | | | | | ||||||||||||||||||||
Assets: | | | | | | ||||||||||||||||||||
Investments in Securities: | | | | | | ||||||||||||||||||||
Common Stocks | | | | $ | 630,545,260 | | | | | $ | — | | | | | $ | — | | | | | $ | 630,545,260 | | |
Rights | | | | | — | | | | | | 157 | | | | | | — | | | | | | 157 | | |
Money Market Fund | | | | | 15,017,745 | | | | | | — | | | | | | — | | | | | | 15,017,745 | | |
Total Investments in Securities | | | | $ | 645,563,005 | | | | | $ | 157 | | | | | $ | — | | | | | $ | 645,563,162 | | |
Other Financial Instruments: | | | | | | ||||||||||||||||||||
Futures Contracts(a) | | | | $ | 115,969 | | | | | $ | — | | | | | $ | — | | | | | $ | 115,969 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 94.1% | | ||||||||||||
AUSTRALIA – 2.5% | | ||||||||||||
AGL Energy Ltd. | | | | | 4,003 | | | | | $ | 61,878 | | |
Alumina Ltd. | | | | | 13,103 | | | | | | 22,515 | | |
Amcor Ltd. | | | | | 102,166 | | | | | | 1,116,436 | | |
AMP Ltd. | | | | | 24,483 | | | | | | 36,507 | | |
APA Group | | | | | 7,343 | | | | | | 52,035 | | |
Aristocrat Leisure Ltd. | | | | | 6,603 | | | | | | 114,914 | | |
ASX Ltd. | | | | | 2,134 | | | | | | 105,825 | | |
Aurizon Holdings Ltd. | | | | | 10,783 | | | | | | 34,837 | | |
AusNet Services | | | | | 9,965 | | | | | | 12,559 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 22,275 | | | | | | 411,700 | | |
Bank of Queensland Ltd. | | | | | 2,184 | | | | | | 14,112 | | |
Bendigo & Adelaide Bank Ltd. | | | | | 2,581 | | | | | | 17,740 | | |
BHP Group Ltd. | | | | | 21,188 | | | | | | 579,064 | | |
BlueScope Steel Ltd. | | | | | 2,992 | | | | | | 29,636 | | |
Boral Ltd. | | | | | 6,275 | | | | | | 20,451 | | |
Brambles Ltd. | | | | | 15,104 | | | | | | 126,121 | | |
Caltex Australia Ltd. | | | | | 1,396 | | | | | | 25,980 | | |
Challenger Ltd. | | | | | 3,105 | | | | | | 18,255 | | |
CIMIC Group Ltd. | | | | | 521 | | | | | | 17,853 | | |
Coca-Cola Amatil Ltd. | | | | | 11,502 | | | | | | 70,645 | | |
Cochlear Ltd. | | | | | 409 | | | | | | 50,322 | | |
Coles Group Ltd.(a) | | | | | 7,367 | | | | | | 61,987 | | |
Commonwealth Bank of Australia | | | | | 12,930 | | | | | | 648,542 | | |
Computershare Ltd. | | | | | 2,473 | | | | | | 29,992 | | |
Crown Resorts Ltd. | | | | | 2,028 | | | | | | 16,574 | | |
CSL Ltd. | | | | | 3,625 | | | | | | 501,762 | | |
Dexus | | | | | 7,243 | | | | | | 65,520 | | |
Domino’s Pizza Enterprises Ltd. | | | | | 328 | | | | | | 10,112 | | |
Flight Centre Travel Group Ltd. | | | | | 298 | | | | | | 8,898 | | |
Fortescue Metals Group Ltd. | | | | | 8,334 | | | | | | 42,074 | | |
Goodman Group | | | | | 11,840 | | | | | | 112,233 | | |
GPT Group (The) | | | | | 13,808 | | | | | | 60,885 | | |
GWA Group Ltd. | | | | | 373,802 | | | | | | 844,029 | | |
Harvey Norman Holdings Ltd. | | | | | 2,981 | | | | | | 8,509 | | |
Incitec Pivot Ltd. | | | | | 9,031 | | | | | | 20,007 | | |
Insurance Australia Group Ltd. | | | | | 15,628 | | | | | | 85,222 | | |
LendLease Group | | | | | 3,640 | | | | | | 31,997 | | |
Macquarie Group Ltd. | | | | | 2,916 | | | | | | 267,965 | | |
Medibank Pvt Ltd. | | | | | 14,742 | | | | | | 28,890 | | |
Mirvac Group | | | | | 19,864 | | | | | | 38,787 | | |
MMG Ltd.(a) | | | | | 12,000 | | | | | | 4,876 | | |
National Australia Bank Ltd. | | | | | 21,368 | | | | | | 383,405 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
AUSTRALIA – (continued) | | ||||||||||||
Newcrest Mining Ltd. | | | | | 4,631 | | | | | $ | 83,883 | | |
Oil Search Ltd. | | | | | 9,726 | | | | | | 54,212 | | |
Orica Ltd. | | | | | 6,751 | | | | | | 84,510 | | |
Origin Energy Ltd. | | | | | 10,560 | | | | | | 53,987 | | |
QBE Insurance Group Ltd. | | | | | 8,376 | | | | | | 73,212 | | |
Ramsay Health Care Ltd. | | | | | 757 | | | | | | 34,589 | | |
REA Group Ltd. | | | | | 282 | | | | | | 14,958 | | |
Santos Ltd. | | | | | 19,521 | | | | | | 94,670 | | |
Scentre Group | | | | | 36,414 | | | | | | 106,267 | | |
SEEK Ltd. | | | | | 1,783 | | | | | | 22,206 | | |
Sonic Healthcare Ltd. | | | | | 2,149 | | | | | | 37,476 | | |
South32 Ltd. | | | | | 30,854 | | | | | | 81,716 | | |
Stockland | | | | | 13,031 | | | | | | 35,623 | | |
Suncorp Group Ltd. | | | | | 9,462 | | | | | | 92,581 | | |
Sydney Airport | | | | | 14,701 | | | | | | 77,558 | | |
Tabcorp Holdings Ltd. | | | | | 23,697 | | | | | | 77,736 | | |
Telstra Corp. Ltd. | | | | | 25,811 | | | | | | 60,846 | | |
TPG Telecom Ltd. | | | | | 1,984 | | | | | | 9,791 | | |
Transurban Group | | | | | 17,714 | | | | | | 166,027 | | |
Treasury Wine Estates Ltd. | | | | | 5,072 | | | | | | 53,769 | | |
Vicinity Centres | | | | | 17,616 | | | | | | 32,521 | | |
Washington H. Soul Pattinson & Co., Ltd. | | | | | 706 | | | | | | 13,189 | | |
Wesfarmers Ltd. | | | | | 7,367 | | | | | | 181,252 | | |
Westpac Banking Corp. | | | | | 25,904 | | | | | | 476,750 | | |
Woodside Petroleum Ltd. | | | | | 6,116 | | | | | | 150,343 | | |
Woolworths Group Ltd. | | | | | 8,653 | | | | | | 186,779 | | |
WorleyParsons Ltd. | | | | | 2,877 | | | | | | 28,926 | | |
Total Australia | | | | | | | | | | | 8,597,028 | | |
AUSTRIA – 0.3% | | ||||||||||||
ANDRITZ AG | | | | | 390 | | | | | | 16,729 | | |
Erste Group Bank AG | | | | | 25,879 | | | | | | 951,016 | | |
OMV AG | | | | | 1,123 | | | | | | 60,933 | | |
Raiffeisen Bank International AG | | | | | 792 | | | | | | 17,777 | | |
Verbund AG | | | | | 446 | | | | | | 21,403 | | |
voestalpine AG | | | | | 614 | | | | | | 18,645 | | |
Total Austria | | | | | | | | | | | 1,086,503 | | |
BELGIUM – 1.0% | | ||||||||||||
Ageas | | | | | 1,180 | | | | | | 56,918 | | |
Anheuser-Busch InBev S.A. | | | | | 33,280 | | | | | | 2,790,929 | | |
Colruyt S.A. | | | | | 453 | | | | | | 33,487 | | |
Groupe Bruxelles Lambert S.A. | | | | | 980 | | | | | | 95,223 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BELGIUM – (continued) | | ||||||||||||
KBC Group N.V. | | | | | 1,726 | | | | | $ | 120,583 | | |
Proximus SADP | | | | | 1,106 | | | | | | 31,897 | | |
Solvay S.A. | | | | | 1,046 | | | | | | 113,088 | | |
Telenet Group Holding N.V. | | | | | 432 | | | | | | 20,779 | | |
UCB S.A. | | | | | 1,226 | | | | | | 105,290 | | |
Umicore S.A. | | | | | 2,171 | | | | | | 96,414 | | |
Total Belgium | | | | | | | | | | | 3,464,608 | | |
BRAZIL – 1.1% | | ||||||||||||
Ambev S.A. | | | | | 31,900 | | | | | | 137,121 | | |
Atacadao Distribuicao Comercio e Industria Ltda | | | | | 3,700 | | | | | | 18,985 | | |
B2W Cia Digital(a) | | | | | 1,200 | | | | | | 12,940 | | |
B3 S.A. – Brasil Bolsa Balcao | | | | | 13,100 | | | | | | 107,467 | | |
Banco Bradesco S.A. | | | | | 6,800 | | | | | | 65,736 | | |
Banco do Brasil S.A. | | | | | 5,900 | | | | | | 73,416 | | |
Banco Santander Brasil S.A., (Unit) | | | | | 3,200 | | | | | | 35,937 | | |
BB Seguridade Participacoes S.A. | | | | | 141,100 | | | | | | 955,718 | | |
BR Malls Participacoes S.A. | | | | | 7,300 | | | | | | 23,436 | | |
BRF S.A.(a) | | | | | 5,200 | | | | | | 30,082 | | |
CCR S.A. | | | | | 9,200 | | | | | | 27,586 | | |
Centrais Eletricas Brasileiras S.A.(a) | | | | | 2,900 | | | | | | 27,175 | | |
Cia de Saneamento Basico do Estado de Sao Paulo | | | | | 74,000 | | | | | | 793,799 | | |
Cia Siderurgica Nacional S.A.(a) | | | | | 6,300 | | | | | | 26,147 | | |
Cielo S.A. | | | | | 165,900 | | | | | | 402,107 | | |
Cosan S.A. | | | | | 1,600 | | | | | | 17,429 | | |
Embraer S.A. | | | | | 4,800 | | | | | | 22,619 | | |
Engie Brasil Energia S.A. | | | | | 2,000 | | | | | | 21,817 | | |
Equatorial Energia S.A. | | | | | 1,300 | | | | | | 26,562 | | |
Hypera S.A. | | | | | 2,900 | | | | | | 19,183 | | |
IRB Brasil Resseguros S/A | | | | | 1,800 | | | | | | 41,950 | | |
JBS S.A. | | | | | 9,400 | | | | | | 38,221 | | |
Klabin S.A., (Unit) | | | | | 5,200 | | | | | | 22,618 | | |
Kroton Educacional S.A. | | | | | 10,400 | | | | | | 28,156 | | |
Localiza Rent a Car S.A. | | | | | 4,225 | | | | | | 35,675 | | |
Lojas Renner S.A. | | | | | 5,000 | | | | | | 55,934 | | |
M Dias Branco S.A. | | | | | 1,200 | | | | | | 13,317 | | |
Magazine Luiza S.A. | | | | | 900 | | | | | | 39,732 | | |
Multiplan Empreendimentos Imobiliarios S.A. | | | | | 2,700 | | | | | | 16,130 | | |
Natura Cosmeticos S.A. | | | | | 2,400 | | | | | | 27,823 | | |
Petrobras Distribuidora S.A. | | | | | 4,000 | | | | | | 23,650 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRAZIL – (continued) | | ||||||||||||
Petroleo Brasileiro S.A. | | | | | 21,000 | | | | | $ | 167,073 | | |
Porto Seguro S.A. | | | | | 1,100 | | | | | | 15,123 | | |
Raia Drogasil S.A. | | | | | 1,700 | | | | | | 28,353 | | |
Rumo S.A.(a) | | | | | 8,100 | | | | | | 39,617 | | |
Sul America S.A., (Unit) | | | | | 2,400 | | | | | | 18,267 | | |
Suzano Papel e Celulose S.A. | | | | | 3,930 | | | | | | 46,724 | | |
TIM Participacoes S.A. | | | | | 6,800 | | | | | | 20,476 | | |
Ultrapar Participacoes S.A. | | | | | 2,600 | | | | | | 31,210 | | |
Vale S.A. | | | | | 21,900 | | | | | | 284,870 | | |
WEG S.A. | | | | | 6,900 | | | | | | 31,721 | | |
Total Brazil | | | | | | | | | | | 3,871,902 | | |
BRITAIN – 12.4% | | ||||||||||||
3i Group PLC | | | | | 7,248 | | | | | | 92,967 | | |
Admiral Group PLC | | | | | 1,976 | | | | | | 55,848 | | |
AG Barr PLC | | | | | 67,015 | | | | | | 704,379 | | |
Anglo American PLC | | | | | 7,449 | | | | | | 199,230 | | |
Aon PLC | | | | | 14,000 | | | | | | 2,389,800 | | |
Ashtead Group PLC | | | | | 3,600 | | | | | | 86,860 | | |
Associated British Foods PLC | | | | | 2,638 | | | | | | 83,801 | | |
AstraZeneca PLC | | | | | 9,471 | | | | | | 756,783 | | |
Auto Trader Group PLC | | | | | 8,746 | | | | | | 59,417 | | |
Aviva PLC | | | | | 27,718 | | | | | | 148,882 | | |
Babcock International Group PLC | | | | | 3,653 | | | | | | 23,480 | | |
BAE Systems PLC | | | | | 22,644 | | | | | | 142,273 | | |
Barclays PLC | | | | | 129,478 | | | | | | 260,850 | | |
Barratt Developments PLC | | | | | 7,428 | | | | | | 57,970 | | |
Berkeley Group Holdings PLC | | | | | 952 | | | | | | 45,741 | | |
BHP Group PLC | | | | | 66,426 | | | | | | 1,599,344 | | |
Bloomsbury Publishing PLC | | | | | 276,306 | | | | | | 820,514 | | |
BP PLC | | | | | 149,358 | | | | | | 1,086,457 | | |
British American Tobacco PLC | | | | | 16,997 | | | | | | 707,079 | | |
British Land Co. PLC (The) | | | | | 6,675 | | | | | | 51,207 | | |
BT Group PLC | | | | | 59,112 | | | | | | 171,650 | | |
Bunzl PLC | | | | | 2,497 | | | | | | 82,346 | | |
Burberry Group PLC | | | | | 3,096 | | | | | | 78,813 | | |
Centrica PLC | | | | | 39,191 | | | | | | 58,293 | | |
Close Brothers Group PLC | | | | | 44,200 | | | | | | 837,618 | | |
CNH Industrial N.V. | | | | | 7,597 | | | | | | 77,243 | | |
Coca-Cola European Partners PLC(a) | | | | | 23,500 | | | | | | 1,215,890 | | |
Compass Group PLC | | | | | 163,843 | | | | | | 3,850,754 | | |
ConvaTec Group PLC | | | | | 12,384 | | | | | | 22,831 | | |
Croda International PLC | | | | | 938 | | | | | | 61,549 | | |
Dart Group PLC | | | | | 71,139 | | | | | | 735,217 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRITAIN – (continued) | | ||||||||||||
Diageo PLC | | | | | 45,439 | | | | | $ | 1,857,131 | | |
Direct Line Insurance Group PLC | | | | | 10,458 | | | | | | 48,082 | | |
easyJet PLC | | | | | 1,415 | | | | | | 20,595 | | |
Experian PLC | | | | | 53,737 | | | | | | 1,455,087 | | |
Fiat Chrysler Automobiles N.V.(a) | | | | | 7,724 | | | | | | 114,994 | | |
G4S PLC | | | | | 13,305 | | | | | | 31,799 | | |
Genus PLC | | | | | 27,320 | | | | | | 789,941 | | |
GlaxoSmithKline PLC | | | | | 37,500 | | | | | | 779,907 | | |
Gooch & Housego PLC | | | | | 43,435 | | | | | | 735,435 | | |
Hammerson PLC | | | | | 6,239 | | | | | | 27,287 | | |
Hargreaves Lansdown PLC | | | | | 1,996 | | | | | | 48,445 | | |
HSBC Holdings PLC | | | | | 146,252 | | | | | | 1,187,298 | | |
Imperial Brands PLC | | | | | 7,437 | | | | | | 254,217 | | |
Informa PLC | | | | | 129,632 | | | | | | 1,256,501 | | |
InterContinental Hotels Group PLC | | | | | 1,279 | | | | | | 76,878 | | |
International Consolidated Airlines Group S.A. | | | | | 4,789 | | | | | | 31,867 | | |
Intertek Group PLC | | | | | 1,203 | | | | | | 76,102 | | |
ITV PLC | | | | | 26,054 | | | | | | 43,130 | | |
J Sainsbury PLC | | | | | 13,793 | | | | | | 42,343 | | |
John Wood Group PLC | | | | | 5,328 | | | | | | 35,211 | | |
Johnson Matthey PLC | | | | | 1,499 | | | | | | 61,344 | | |
Kingfisher PLC | | | | | 15,327 | | | | | | 46,872 | | |
Land Securities Group PLC | | | | | 5,213 | | | | | | 62,017 | | |
Legal & General Group PLC | | | | | 42,350 | | | | | | 151,852 | | |
Lloyds Banking Group PLC | | | | | 550,086 | | | | | | 445,208 | | |
London Stock Exchange Group PLC | | | | | 2,251 | | | | | | 139,291 | | |
Marks & Spencer Group PLC | | | | | 12,304 | | | | | | 44,695 | | |
Meggitt PLC | | | | | 6,155 | | | | | | 40,307 | | |
Melrose Industries PLC | | | | | 36,168 | | | | | | 86,276 | | |
Merlin Entertainments PLC | | | | | 7,920 | | | | | | 35,413 | | |
Micro Focus International PLC | | | | | 3,170 | | | | | | 82,431 | | |
Mondi Ltd. | | | | | 1,111 | | | | | | 24,546 | | |
Mondi PLC | | | | | 2,797 | | | | | | 61,857 | | |
National Grid PLC | | | | | 23,943 | | | | | | 265,318 | | |
Next PLC | | | | | 1,054 | | | | | | 76,601 | | |
Pearson PLC | | | | | 5,491 | | | | | | 59,803 | | |
Persimmon PLC | | | | | 2,379 | | | | | | 67,238 | | |
Porvair PLC | | | | | 139,099 | | | | | | 996,432 | | |
Prudential PLC | | | | | 118,308 | | | | | | 2,369,137 | | |
Reckitt Benckiser Group PLC | | | | | 15,561 | | | | | | 1,293,467 | | |
RELX PLC | | | | | 100,504 | | | | | | 2,148,747 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
BRITAIN – (continued) | | ||||||||||||
RELX PLC(a) | | | | | 8,058 | | | | | $ | 172,194 | | |
Rio Tinto Ltd. | | | | | 2,753 | | | | | | 191,391 | | |
Rio Tinto PLC | | | | | 8,049 | | | | | | 467,665 | | |
Rolls-Royce Holdings PLC(a) | | | | | 11,978 | | | | | | 140,906 | | |
Royal Bank of Scotland Group PLC | | | | | 35,040 | | | | | | 112,725 | | |
Royal Mail PLC | | | | | 6,994 | | | | | | 21,708 | | |
RSA Insurance Group PLC | | | | | 134,056 | | | | | | 886,625 | | |
Sage Group PLC (The) | | | | | 7,541 | | | | | | 68,870 | | |
Schroders PLC | | | | | 988 | | | | | | 34,770 | | |
Segro PLC | | | | | 7,169 | | | | | | 62,877 | | |
Severn Trent PLC | | | | | 1,822 | | | | | | 46,892 | | |
Smith & Nephew PLC | | | | | 6,270 | | | | | | 124,374 | | |
Smiths Group PLC | | | | | 2,778 | | | | | | 51,921 | | |
SSE PLC | | | | | 7,529 | | | | | | 116,399 | | |
St James’s Place PLC | | | | | 3,772 | | | | | | 50,504 | | |
Stallergenes Greer PLC(a) | | | | | 20,334 | | | | | | 832,553 | | |
Standard Chartered PLC | | | | | 19,776 | | | | | | 152,303 | | |
Standard Life Aberdeen PLC | | | | | 26,800 | | | | | | 92,133 | | |
SThree PLC | | | | | 174,514 | | | | | | 611,425 | | |
Taylor Wimpey PLC | | | | | 23,658 | | | | | | 54,062 | | |
Tesco PLC | | | | | 73,989 | | | | | | 223,668 | | |
Unilever N.V. | | | | | 30,250 | | | | | | 1,757,048 | | |
Unilever PLC | | | | | 41,378 | | | | | | 2,368,587 | | |
United Utilities Group PLC | | | | | 5,067 | | | | | | 53,746 | | |
Vodafone Group PLC | | | | | 195,075 | | | | | | 355,197 | | |
Weir Group PLC (The) | | | | | 1,817 | | | | | | 36,871 | | |
Whitbread PLC | | | | | 1,271 | | | | | | 84,062 | | |
Wm Morrison Supermarkets PLC | | | | | 16,546 | | | | | | 49,038 | | |
WPP PLC | | | | | 9,164 | | | | | | 96,774 | | |
Total Britain | | | | | | | | | | | 43,353,476 | | |
CANADA – 5.7% | | ||||||||||||
Agnico Eagle Mines Ltd. | | | | | 1,700 | | | | | | 73,910 | | |
Alimentation Couche-Tard, Inc., Class B | | | | | 3,100 | | | | | | 182,611 | | |
AltaGas Ltd. | | | | | 2,400 | | | | | | 31,591 | | |
ARC Resources Ltd. | | | | | 3,300 | | | | | | 22,521 | | |
Atco Ltd., Class I | | | | | 1,100 | | | | | | 37,041 | | |
Aurora Cannabis, Inc.(a) | | | | | 5,000 | | | | | | 45,235 | | |
Bank of Montreal | | | | | 4,400 | | | | | | 329,222 | | |
Bank of Nova Scotia (The) | | | | | 8,500 | | | | | | 452,494 | | |
Barrick Gold Corp. | | | | | 8,400 | | | | | | 115,155 | | |
Barrick Gold Corp. | | | | | 4,258 | | | | | | 59,120 | | |
BCE, Inc. | | | | | 1,200 | | | | | | 53,285 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
BlackBerry Ltd.(a) | | | | | 4,300 | | | | | $ | 43,343 | | |
Bombardier, Inc., Class B(a) | | | | | 18,100 | | | | | | 34,809 | | |
Brookfield Asset Management, Inc., Class A | | | | | 31,200 | | | | | | 1,453,595 | | |
CAE, Inc. | | | | | 2,300 | | | | | | 50,962 | | |
Cameco Corp. | | | | | 42,400 | | | | | | 499,719 | | |
Canadian Imperial Bank of Commerce | | | | | 3,100 | | | | | | 244,966 | | |
Canadian National Railway Co. | | | | | 17,200 | | | | | | 1,539,743 | | |
Canadian Natural Resources Ltd. | | | | | 8,500 | | | | | | 233,371 | | |
Canadian Pacific Railway Ltd. | | | | | 1,000 | | | | | | 206,039 | | |
Canadian Tire Corp. Ltd., Class A | | | | | 500 | | | | | | 53,874 | | |
Canadian Utilities Ltd., Class A | | | | | 1,000 | | | | | | 27,298 | | |
Canopy Growth Corp.(a) | | | | | 1,600 | | | | | | 69,227 | | |
CCL Industries, Inc., Class B | | | | | 1,200 | | | | | | 48,580 | | |
Cenovus Energy, Inc. | | | | | 7,900 | | | | | | 68,575 | | |
CGI, Inc.(a) | | | | | 1,800 | | | | | | 123,745 | | |
CI Financial Corp. | | | | | 1,900 | | | | | | 25,933 | | |
Constellation Software, Inc. | | | | | 200 | | | | | | 169,491 | | |
Dollarama, Inc. | | | | | 2,400 | | | | | | 64,025 | | |
Emera, Inc. | | | | | 900 | | | | | | 33,654 | | |
Empire Co., Ltd. | | | | | 1,900 | | | | | | 41,132 | | |
Enbridge, Inc. | | | | | 15,500 | | | | | | 561,380 | | |
Encana Corp. | | | | | 15,700 | | | | | | 113,725 | | |
Fairfax Financial Holdings Ltd. | | | | | 200 | | | | | | 92,640 | | |
Finning International, Inc. | | | | | 1,500 | | | | | | 26,670 | | |
First Capital Realty, Inc. | | | | | 2,000 | | | | | | 32,028 | | |
First Quantum Minerals Ltd. | | | | | 5,400 | | | | | | 61,219 | | |
Fortis, Inc. | | | | | 3,100 | | | | | | 114,573 | | |
Franco-Nevada Corp. | | | | | 1,300 | | | | | | 97,465 | | |
George Weston Ltd. | | | | | 562 | | | | | | 40,410 | | |
Gildan Activewear, Inc. | | | | | 1,500 | | | | | | 53,934 | | |
Goldcorp, Inc. | | | | | 6,600 | | | | | | 75,515 | | |
Great-West Lifeco, Inc. | | | | | 2,300 | | | | | | 55,695 | | |
H&R Real Estate Investment Trust | | | | | 1,600 | | | | | | 28,029 | | |
Heroux-Devtek, Inc.(a) | | | | | 78,547 | | | | | | 933,383 | | |
Husky Energy, Inc. | | | | | 2,900 | | | | | | 28,754 | | |
Hydro One Ltd. | | | | | 2,800 | | | | | | 43,498 | | |
iA Financial Corp., Inc.(a) | | | | | 800 | | | | | | 29,501 | | |
IGM Financial, Inc. | | | | | 700 | | | | | | 18,009 | | |
Imperial Oil Ltd. | | | | | 2,100 | | | | | | 57,326 | | |
Intact Financial Corp. | | | | | 1,100 | | | | | | 93,080 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
Inter Pipeline Ltd. | | | | | 3,000 | | | | | $ | 49,635 | | |
Keyera Corp. | | | | | 1,700 | | | | | | 40,085 | | |
Kinross Gold Corp.(a) | | | | | 10,700 | | | | | | 36,832 | | |
Laurentian Bank of Canada | | | | | 24,383 | | | | | | 739,874 | | |
Loblaw Cos. Ltd. | | | | | 1,400 | | | | | | 69,060 | | |
Lundin Mining Corp. | | | | | 5,000 | | | | | | 23,197 | | |
Magna International, Inc. | | | | | 2,300 | | | | | | 111,992 | | |
Manulife Financial Corp. | | | | | 13,900 | | | | | | 235,073 | | |
Methanex Corp. | | | | | 500 | | | | | | 28,398 | | |
Metro, Inc. | | | | | 1,900 | | | | | | 69,952 | | |
National Bank of Canada | | | | | 33,200 | | | | | | 1,498,329 | | |
Nutrien Ltd. | | | | | 4,200 | | | | | | 221,511 | | |
Onex Corp. | | | | | 800 | | | | | | 45,126 | | |
Open Text Corp. | | | | | 3,100 | | | | | | 119,026 | | |
Pembina Pipeline Corp. | | | | | 3,600 | | | | | | 132,244 | | |
Power Corp. of Canada | | | | | 2,700 | | | | | | 62,957 | | |
Power Financial Corp. | | | | | 2,000 | | | | | | 46,724 | | |
PrairieSky Royalty Ltd. | | | | | 2,100 | | | | | | 28,286 | | |
Restaurant Brands International, Inc. | | | | | 1,700 | | | | | | 110,598 | | |
RioCan Real Estate Investment Trust | | | | | 3,500 | | | | | | 69,327 | | |
Rogers Communications, Inc., Class B | | | | | 21,700 | | | | | | 1,167,044 | | |
Royal Bank of Canada | | | | | 10,400 | | | | | | 784,621 | | |
Saputo, Inc. | | | | | 1,700 | | | | | | 57,945 | | |
Seven Generations Energy Ltd., Class A(a) | | | | | 2,700 | | | | | | 19,497 | | |
Shaw Communications, Inc., Class B | | | | | 3,400 | | | | | | 70,755 | | |
ShawCor Ltd. | | | | | 43,188 | | | | | | 646,681 | | |
Shopify, Inc., Class A(a) | | | | | 600 | | | | | | 123,857 | | |
SmartCentres Real Estate Investment Trust | | | | | 600 | | | | | | 15,719 | | |
SNC-Lavalin Group, Inc. | | | | | 1,500 | | | | | | 38,063 | | |
Stars Group, Inc. (The)(a) | | | | | 1,600 | | | | | | 27,969 | | |
Sun Life Financial, Inc. | | | | | 4,300 | | | | | | 165,198 | | |
Suncor Energy, Inc. | | | | | 82,000 | | | | | | 2,657,552 | | |
Teck Resources Ltd., Class B | | | | | 3,800 | | | | | | 87,923 | | |
TELUS Corp. | | | | | 1,600 | | | | | | 59,218 | | |
Thomson Reuters Corp. | | | | | 1,530 | | | | | | 90,528 | | |
Toronto-Dominion Bank (The) | | | | | 13,300 | | | | | | 721,754 | | |
Tourmaline Oil Corp. | | | | | 2,000 | | | | | | 30,890 | | |
TransCanada Corp. | | | | | 6,300 | | | | | | 282,954 | | |
Turquoise Hill Resources Ltd.(a) | | | | | 11,400 | | | | | | 18,768 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CANADA – (continued) | | ||||||||||||
Vermilion Energy, Inc. | | | | | 1,100 | | | | | $ | 27,155 | | |
West Fraser Timber Co., Ltd. | | | | | 500 | | | | | | 24,320 | | |
Wheaton Precious Metals Corp. | | | | | 3,400 | | | | | | 80,932 | | |
WSP Global, Inc. | | | | | 800 | | | | | | 43,719 | | |
Total Canada | | | | | | | | | | | 19,972,388 | | |
CHILE – 0.1% | | ||||||||||||
Aguas Andinas S.A., Class A | | | | | 13,997 | | | | | | 7,958 | | |
Antofagasta PLC | | | | | 3,095 | | | | | | 38,940 | | |
Banco de Chile | | | | | 136,055 | | | | | | 20,031 | | |
Banco de Credito e Inversiones S.A. | | | | | 254 | | | | | | 16,238 | | |
Banco Santander Chile | | | | | 353,053 | | | | | | 26,558 | | |
Cencosud S.A. | | | | | 7,663 | | | | | | 13,266 | | |
Cia Cervecerias Unidas S.A. | | | | | 791 | | | | | | 11,324 | | |
Colbun S.A. | | | | | 42,241 | | | | | | 9,547 | | |
Empresa Nacional de Telecomunicaciones S.A. | | | | | 808 | | | | | | 8,414 | | |
Empresas CMPC S.A. | | | | | 6,691 | | | | | | 23,598 | | |
Empresas COPEC S.A. | | | | | 3,110 | | | | | | 39,486 | | |
Enel Americas S.A. | | | | | 153,768 | | | | | | 27,337 | | |
Enel Chile S.A. | | | | | 150,167 | | | | | | 15,734 | | |
Itau CorpBanca | | | | | 822,850 | | | | | | 7,255 | | |
Latam Airlines Group S.A. | | | | | 1,623 | | | | | | 17,255 | | |
SACI Falabella | | | | | 4,034 | | | | | | 29,995 | | |
Total Chile | | | | | | | | | | | 312,936 | | |
CHINA – 5.7% | | ||||||||||||
3SBio, Inc. | | | | | 5,500 | | | | | | 10,818 | | |
51job, Inc., ADR(a) | | | | | 200 | | | | | | 15,576 | | |
58.com, Inc., ADR(a) | | | | | 16,200 | | | | | | 1,064,016 | | |
AAC Technologies Holdings, Inc. | | | | | 6,500 | | | | | | 38,462 | | |
Agile Group Holdings Ltd. | | | | | 8,000 | | | | | | 12,943 | | |
Agricultural Bank of China Ltd., Class H | | | | | 227,000 | | | | | | 104,681 | | |
Air China Ltd., Class H | | | | | 10,000 | | | | | | 12,306 | | |
Alibaba Group Holding Ltd., ADR(a) | | | | | 9,800 | | | | | | 1,788,010 | | |
Aluminum Corp. of China Ltd., Class H(a) | | | | | 22,000 | | | | | | 8,099 | | |
Angang Steel Co., Ltd., Class H | | | | | 12,000 | | | | | | 8,775 | | |
Anhui Conch Cement Co., Ltd., Class H | | | | | 9,000 | | | | | | 54,975 | | |
ANTA Sports Products Ltd. | | | | | 9,000 | | | | | | 61,223 | | |
Autohome, Inc., ADR(a) | | | | | 500 | | | | | | 52,560 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
AviChina Industry & Technology Co., Ltd., Class H | | | | | 11,000 | | | | | $ | 7,020 | | |
BAIC Motor Corp. Ltd., Class H | | | | | 9,000 | | | | | | 5,882 | | |
Baidu, Inc., ADR(a) | | | | | 2,100 | | | | | | 346,185 | | |
Bank of China Ltd., Class H | | | | | 760,000 | | | | | | 344,665 | | |
Bank of Communications Co., Ltd., Class H | | | | | 76,000 | | | | | | 62,253 | | |
Baozun, Inc., ADR(a) | | | | | 300 | | | | | | 12,462 | | |
BBMG Corp., Class H | | | | | 28,000 | | | | | | 10,273 | | |
BeiGene Ltd., ADR(a) | | | | | 200 | | | | | | 26,400 | | |
Beijing Capital International Airport Co., Ltd., Class H | | | | | 10,000 | | | | | | 9,490 | | |
BYD Co., Ltd., Class H | | | | | 6,000 | | | | | | 36,153 | | |
BYD Electronic International Co., Ltd. | | | | | 3,500 | | | | | | 4,512 | | |
CGN Power Co., Ltd., Class H | | | | | 57,000 | | | | | | 15,902 | | |
China Cinda Asset Management Co., Ltd., Class H | | | | | 47,000 | | | | | | 13,052 | | |
China CITIC Bank Corp. Ltd., Class H | | | | | 48,000 | | | | | | 30,573 | | |
China Coal Energy Co., Ltd., Class H | | | | | 25,000 | | | | | | 10,350 | | |
China Communications Construction Co., Ltd., Class H | | | | | 24,000 | | | | | | 24,826 | | |
China Communications Services Corp. Ltd., Class H | | | | | 12,000 | | | | | | 10,701 | | |
China Conch Venture Holdings Ltd. | | | | | 8,500 | | | | | | 30,427 | | |
China Construction Bank Corp., Class H | | | | | 800,000 | | | | | | 685,864 | | |
China Eastern Airlines Corp. Ltd., Class H | | | | | 14,000 | | | | | | 9,934 | | |
China Everbright Bank Co., Ltd., Class H | | | | | 14,000 | | | | | | 6,617 | | |
China Evergrande Group | | | | | 18,000 | | | | | | 59,847 | | |
China Galaxy Securities Co., Ltd., Class H | | | | | 18,000 | | | | | | 11,832 | | |
China Huarong Asset Management Co., Ltd., Class H | | | | | 54,000 | | | | | | 11,488 | | |
China International Capital Corp. Ltd., Class H | | | | | 7,600 | | | | | | 17,601 | | |
China Life Insurance Co., Ltd., Class H | | | | | 51,000 | | | | | | 137,084 | | |
China Literature Ltd.(a) | | | | | 800 | | | | | | 3,745 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
China Longyuan Power Group Corp. Ltd., Class H | | | | | 17,000 | | | | | $ | 11,824 | | |
China Medical System Holdings Ltd. | | | | | 7,000 | | | | | | 6,786 | | |
China Merchants Bank Co., Ltd., Class H | | | | | 47,000 | | | | | | 228,415 | | |
China Minsheng Banking Corp. Ltd., Class H | | | | | 173,900 | | | | | | 126,272 | | |
China Molybdenum Co., Ltd., Class H | | | | | 21,000 | | | | | | 8,775 | | |
China National Building Material Co., Ltd., Class H | | | | | 20,000 | | | | | | 15,771 | | |
China Oilfield Services Ltd., Class H | | | | | 10,000 | | | | | | 10,803 | | |
China Pacific Insurance Group Co., Ltd., Class H | | | | | 18,800 | | | | | | 73,764 | | |
China Petroleum & Chemical Corp., Class H | | | | | 170,000 | | | | | | 134,052 | | |
China Railway Construction Corp. Ltd., Class H | | | | | 10,500 | | | | | | 13,750 | | |
China Railway Group Ltd., Class H | | | | | 21,000 | | | | | | 19,154 | | |
China Railway Signal & Communication Corp. Ltd., Class H | | | | | 16,000 | | | | | | 12,657 | | |
China Reinsurance Group Corp., Class H | | | | | 59,000 | | | | | | 12,476 | | |
China Resources Pharmaceutical Group Ltd. | | | | | 10,000 | | | | | | 14,140 | | |
China Shenhua Energy Co., Ltd., Class H | | | | | 24,000 | | | | | | 54,726 | | |
China Southern Airlines Co., Ltd., Class H | | | | | 10,000 | | | | | | 8,943 | | |
China Telecom Corp. Ltd., Class H | | | | | 106,000 | | | | | | 58,874 | | |
China Tower Corp. Ltd., Class H(a) | | | | | 322,000 | | | | | | 74,655 | | |
China Vanke Co., Ltd., Class H | | | | | 21,800 | | | | | | 91,644 | | |
China Zhongwang Holdings Ltd. | | | | | 20,000 | | | | | | 10,905 | | |
Chongqing Rural Commercial Bank Co., Ltd., Class H | | | | | 13,000 | | | | | | 7,502 | | |
CIFI Holdings Group Co., Ltd. | | | | | 18,000 | | | | | | 13,643 | | |
CITIC Securities Co., Ltd., Class H | | | | | 19,000 | | | | | | 44,245 | | |
CNOOC Ltd. | | | | | 158,000 | | | | | | 295,874 | | |
COSCO SHIPPING Holdings Co., Ltd., Class H(a) | | | | | 13,000 | | | | | | 5,399 | | |
Country Garden Holdings Co., Ltd. | | | | | 55,000 | | | | | | 85,899 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Country Garden Services Holdings Co., Ltd.(a) | | | | | 9,000 | | | | | $ | 16,762 | | |
CRRC Corp. Ltd. | | | | | 22,000 | | | | | | 20,739 | | |
CSPC Pharmaceutical Group Ltd. | | | | | 34,000 | | | | | | 63,236 | | |
Ctrip.com International Ltd., ADR(a) | | | | | 2,700 | | | | | | 117,963 | | |
Dali Foods Group Co., Ltd. | | | | | 10,000 | | | | | | 7,478 | | |
Datang International Power Generation Co., Ltd., Class H | | | | | 36,000 | | | | | | 9,631 | | |
Dongfeng Motor Group Co., Ltd., Class H | | | | | 14,000 | | | | | | 14,018 | | |
ENN Energy Holdings Ltd. | | | | | 6,000 | | | | | | 58,013 | | |
Fosun International Ltd. | | | | | 14,000 | | | | | | 23,720 | | |
Future Land Development Holdings Ltd. | | | | | 8,000 | | | | | | 9,906 | | |
Fuyao Glass Industry Group Co., Ltd., Class H | | | | | 2,800 | | | | | | 9,399 | | |
GDS Holdings Ltd., ADR(a) | | | | | 400 | | | | | | 14,276 | | |
Geely Automobile Holdings Ltd. | | | | | 35,000 | | | | | | 66,879 | | |
Genscript Biotech Corp.(a) | | | | | 6,000 | | | | | | 11,327 | | |
GF Securities Co., Ltd., Class H | | | | | 7,200 | | | | | | 10,346 | | |
GOME Retail Holdings Ltd.(a) | | | | | 58,000 | | | | | | 5,394 | | |
Great Wall Motor Co., Ltd., Class H | | | | | 16,500 | | | | | | 12,380 | | |
Greatview Aseptic Packaging Co., Ltd. | | | | | 1,282,000 | | | | | | 782,270 | | |
Greentown China Holdings Ltd. | | | | | 9,000 | | | | | | 8,989 | | |
Guangzhou Automobile Group Co., Ltd., Class H | | | | | 16,800 | | | | | | 19,839 | | |
Guangzhou R&F Properties Co., Ltd. | | | | | 5,200 | | | | | | 11,248 | | |
Guotai Junan Securities Co., Ltd., Class H | | | | | 3,000 | | | | | | 6,688 | | |
Haitian International Holdings Ltd. | | | | | 3,000 | | | | | | 6,818 | | |
Haitong Securities Co., Ltd., Class H | | | | | 28,400 | | | | | | 36,757 | | |
Hengan International Group Co., Ltd. | | | | | 6,000 | | | | | | 52,586 | | |
Huaneng Power International, Inc., Class H | | | | | 22,000 | | | | | | 12,780 | | |
Huaneng Renewables Corp. Ltd., Class H | | | | | 26,000 | | | | | | 7,220 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Huatai Securities Co., Ltd., Class H | | | | | 8,800 | | | | | $ | 17,600 | | |
Huazhu Group Ltd., ADR | | | | | 800 | | | | | | 33,712 | | |
Industrial & Commercial Bank of China Ltd., Class H | | | | | 618,000 | | | | | | 452,678 | | |
Inner Mongolia Yitai Coal Co., Ltd., Class B | | | | | 58,300 | | | | | | 71,767 | | |
JD.com, Inc., ADR(a) | | | | | 5,500 | | | | | | 165,825 | | |
Jiangsu Expressway Co., Ltd., Class H | | | | | 6,000 | | | | | | 8,484 | | |
Jiangxi Copper Co., Ltd., Class H | | | | | 7,000 | | | | | | 9,292 | | |
Kaisa Group Holdings Ltd. | | | | | 25,000 | | | | | | 11,338 | | |
Kingdee International Software Group Co., Ltd. | | | | | 14,000 | | | | | | 16,194 | | |
Kingsoft Corp. Ltd. | | | | | 4,000 | | | | | | 10,171 | | |
KWG Group Holdings Ltd. | | | | | 9,500 | | | | | | 11,461 | | |
Legend Holdings Corp., Class H | | | | | 3,700 | | | | | | 9,827 | | |
Lenovo Group Ltd. | | | | | 56,000 | | | | | | 50,365 | | |
Logan Property Holdings Co., Ltd. | | | | | 10,000 | | | | | | 16,561 | | |
Longfor Group Holdings Ltd. | | | | | 8,000 | | | | | | 28,178 | | |
Luye Pharma Group Ltd. | | | | | 12,000 | | | | | | 10,487 | | |
Meitu, Inc.(a) | | | | | 7,000 | | | | | | 3,290 | | |
Metallurgical Corp. of China Ltd., Class H | | | | | 35,000 | | | | | | 10,344 | | |
Minth Group Ltd. | | | | | 4,000 | | | | | | 12,586 | | |
Momo, Inc., ADR(a) | | | | | 1,100 | | | | | | 42,064 | | |
NetEase, Inc., ADR | | | | | 600 | | | | | | 144,870 | | |
New China Life Insurance Co., Ltd., Class H | | | | | 4,400 | | | | | | 22,420 | | |
New Oriental Education & Technology Group, Inc., ADR(a) | | | | | 1,100 | | | | | | 99,099 | | |
Noah Holdings Ltd., ADR(a) | | | | | 400 | | | | | | 19,384 | | |
People’s Insurance Co. Group of China Ltd. (The), Class H | | | | | 37,000 | | | | | | 15,837 | | |
PetroChina Co., Ltd., Class H | | | | | 142,000 | | | | | | 92,074 | | |
PICC Property & Casualty Co., Ltd., Class H | | | | | 50,000 | | | | | | 56,816 | | |
Ping An Insurance Group Co. of China Ltd., Class H | | | | | 274,000 | | | | | | 3,068,121 | | |
Postal Savings Bank of China Co., Ltd., Class H | | | | | 60,000 | | | | | | 34,319 | | |
Semiconductor Manufacturing International Corp.(a) | | | | | 16,000 | | | | | | 16,184 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
CHINA – (continued) | | ||||||||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | | | | | 12,000 | | | | | $ | 11,465 | | |
Shanghai Electric Group Co., Ltd., Class H | | | | | 16,000 | | | | | | 6,074 | | |
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H | | | | | 2,500 | | | | | | 9,029 | | |
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd., Class B | | | | | 86,300 | | | | | | 126,688 | | |
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | | | | | 4,700 | | | | | | 10,238 | | |
Shenzhou International Group Holdings Ltd. | | | | | 5,000 | | | | | | 67,007 | | |
Shui On Land Ltd. | | | | | 42,500 | | | | | | 10,503 | | |
Sihuan Pharmaceutical Holdings Group Ltd. | | | | | 47,000 | | | | | | 11,376 | | |
SINA Corp.(a) | | | | | 400 | | | | | | 23,696 | | |
Sino-Ocean Group Holding Ltd. | | | | | 16,000 | | | | | | 7,011 | | |
Sinopec Engineering Group Co., Ltd., Class H | | | | | 13,500 | | | | | | 13,173 | | |
Sinopec Shanghai Petrochemical Co., Ltd., Class H | | | | | 18,000 | | | | | | 8,576 | | |
Sinopharm Group Co., Ltd., Class H | | | | | 6,400 | | | | | | 26,660 | | |
Sinotrans Ltd., Class H | | | | | 22,000 | | | | | | 9,445 | | |
Sinotruk Hong Kong Ltd. | | | | | 7,500 | | | | | | 15,956 | | |
SOHO China Ltd.(a) | | | | | 11,000 | | | | | | 4,624 | | |
Sunac China Holdings Ltd. | | | | | 17,000 | | | | | | 84,676 | | |
Sunny Optical Technology Group Co., Ltd. | | | | | 5,100 | | | | | | 60,908 | | |
TAL Education Group, ADR(a) | | | | | 2,500 | | | | | | 90,200 | | |
Tencent Holdings Ltd. | | | | | 125,100 | | | | | | 5,753,043 | | |
Tingyi Cayman Islands Holding Corp. | | | | | 10,000 | | | | | | 16,484 | | |
Tong Ren Tang Technologies Co., Ltd., Class H | | | | | 7,000 | | | | | | 9,399 | | |
TravelSky Technology Ltd., Class H | | | | | 5,000 | | | | | | 13,217 | | |
Tsingtao Brewery Co., Ltd., Class H | | | | | 2,000 | | | | | | 9,427 | | |
Uni-President China Holdings Ltd. | | | | | 12,000 | | | | | | 11,771 | | |
Vipshop Holdings Ltd., ADR(a) | | | | | 2,200 | | | | | | 17,666 | | |
Want Want China Holdings Ltd. | | | | | 46,000 | | | | | | 38,207 | | |
Investments | | | Shares | | | Value | | | ||||||||
COMMON STOCKS – (continued) | | | ||||||||||||||
CHINA – (continued) | | | ||||||||||||||
Weibo Corp., ADR(a) | | | | | 500 | | | | | $ | 30,995 | | | | ||
Weichai Power Co., Ltd., Class H | | | | | 10,000 | | | | | | 15,975 | | | | ||
Wuxi Biologics Cayman, Inc.(a) | | | | | 3,000 | | | | | | 29,179 | | | | ||
Xinyi Solar Holdings Ltd. | | | | | 37,411 | | | | | | 18,015 | | | | ||
Yangzijiang Shipbuilding Holdings Ltd. | | | | | 12,800 | | | | | | 14,167 | | | | ||
Yanzhou Coal Mining Co., Ltd., Class H | | | | | 10,000 | | | | | | 9,822 | | | | ||
Yestar Healthcare Holdings Co., Ltd. | | | | | 2,530,000 | | | | | | 593,023 | | | | ||
Yum China Holdings, Inc. | | | | | 2,600 | | | | | | 116,766 | | | | ||
Yuzhou Properties Co., Ltd. | | | | | 19,776 | | | | | | 11,941 | | | | ||
YY, Inc., ADR(a) | | | | | 300 | | | | | | 25,203 | | | | ||
Zhejiang Expressway Co., Ltd., Class H | | | | | 8,000 | | | | | | 9,172 | | | | ||
ZhongAn Online P&C Insurance Co., Ltd., Class H(a) | | | | | 1,800 | | | | | | 6,466 | | | | ||
Zhongsheng Group Holdings Ltd. | | | | | 3,000 | | | | | | 7,445 | | | | ||
Zhuzhou CRRC Times Electric Co., Ltd., Class H | | | | | 2,900 | | | | | | 17,141 | | | | ||
Zijin Mining Group Co., Ltd., Class H | | | | | 30,000 | | | | | | 12,420 | | | | ||
ZTE Corp., Class H(a) | | | | | 8,000 | | | | | | 24,051 | | | | ||
Total China | | | | | | | | | | | 20,004,840 | | | | ||
COLOMBIA – 0.0%(b) | | | ||||||||||||||
Bancolombia S.A. | | | | | 1,808 | | | | | | 22,458 | | | | ||
Cementos Argos S.A. | | | | | 4,456 | | | | | | 11,014 | | | | ||
Ecopetrol S.A. | | | | | 33,853 | | | | | | 36,263 | | | | ||
Grupo Argos S.A. | | | | | 2,532 | | | | | | 14,375 | | | | ||
Grupo de Inversiones Suramericana S.A. | | | | | 1,799 | | | | | | 20,676 | | | | ||
Interconexion Electrica S.A. ESP | | | | | 3,772 | | | | | | 18,884 | | | | ||
Total Colombia | | | | | | | | | | | 123,670 | | | | ||
CZECH – 0.0%(b) | | | | | ||||||||||||
CEZ A/S | | | | | 864 | | | | | | 20,294 | | | | ||
Komercni banka A/S | | | | | 407 | | | | | | 16,625 | | | | ||
Moneta Money Bank A/S | | | | | 2,599 | | | | | | 8,968 | | | | ||
Total Czech | | | | | | | | | | | 45,887 | | | | ||
EGYPT – 0.0%(b) | | | ||||||||||||||
Commercial International Bank Egypt SAE | | | | | 18,414 | | | | | | 72,838 | | | | ||
Eastern Tobacco | | | | | 20,281 | | | | | | 21,533 | | | | ||
Total Egypt | | | | | | | | | | | 94,371 | | | | ||
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FINLAND – 1.1% | | ||||||||||||
Elisa Oyj | | | | | 934 | | | | | $ | 42,139 | | |
Fortum Oyj | | | | | 2,764 | | | | | | 56,522 | | |
Kone Oyj, Class B | | | | | 2,307 | | | | | | 116,351 | | |
Metso Oyj | | | | | 772 | | | | | | 26,551 | | |
Neste Oyj | | | | | 999 | | | | | | 106,460 | | |
Nokia Oyj | | | | | 43,935 | | | | | | 250,068 | | |
Nokian Renkaat Oyj | | | | | 805 | | | | | | 26,946 | | |
Nordea Bank Abp | | | | | 150,091 | | | | | | 1,142,153 | | |
Orion Oyj, Class B | | | | | 806 | | | | | | 30,216 | | |
Sampo Oyj, Class A | | | | | 28,812 | | | | | | 1,306,046 | | |
Stora Enso Oyj, Class R | | | | | 3,409 | | | | | | 41,663 | | |
UPM-Kymmene Oyj | | | | | 3,670 | | | | | | 107,037 | | |
Vaisala Oyj, Class A | | | | | 34,540 | | | | | | 693,540 | | |
Wartsila Oyj Abp | | | | | 2,811 | | | | | | 45,359 | | |
Total Finland | | | | | | | | | | | 3,991,051 | | |
FRANCE – 8.6% | | ||||||||||||
Accor S.A. | | | | | 1,312 | | | | | | 53,144 | | |
Aeroports de Paris | | | | | 222 | | | | | | 42,933 | | |
Air Liquide S.A. | | | | | 13,222 | | | | | | 1,681,183 | | |
Airbus SE | | | | | 4,308 | | | | | | 569,752 | | |
Alstom S.A. | | | | | 1,145 | | | | | | 49,604 | | |
Amundi S.A. | | | | | 13,804 | | | | | | 868,688 | | |
Arkema S.A. | | | | | 492 | | | | | | 46,834 | | |
Atos SE | | | | | 9,400 | | | | | | 906,823 | | |
AXA S.A. | | | | | 12,887 | | | | | | 324,248 | | |
BioMerieux | | | | | 372 | | | | | | 30,754 | | |
BNP Paribas S.A. | | | | | 8,346 | | | | | | 398,920 | | |
Bollore S.A. | | | | | 7,558 | | | | | | 34,150 | | |
Bouygues S.A. | | | | | 1,523 | | | | | | 54,413 | | |
Bureau Veritas S.A. | | | | | 1,976 | | | | | | 46,326 | | |
Capgemini SE | | ��� | | | 8,484 | | | | | | 1,028,780 | | |
Carrefour S.A. | | | | | 4,141 | | | | | | 77,342 | | |
Casino Guichard Perrachon S.A. | | | | | 797 | | | | | | 34,554 | | |
Cie de Saint-Gobain | | | | | 3,540 | | | | | | 128,303 | | |
Cie Generale des Etablissements Michelin SCA | | | | | 8,376 | | | | | | 990,315 | | |
CNP Assurances | | | | | 1,719 | | | | | | 37,833 | | |
Coface S.A.(a) | | | | | 84,275 | | | | | | 744,940 | | |
Covivio | | | | | 330 | | | | | | 35,019 | | |
Credit Agricole S.A. | | | | | 7,399 | | | | | | 89,389 | | |
Danone S.A. | | | | | 4,244 | | | | | | 327,013 | | |
Dassault Aviation S.A. | | | | | 18 | | | | | | 26,552 | | |
Dassault Systemes SE | | | | | 9,932 | | | | | | 1,478,997 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FRANCE – (continued) | | ||||||||||||
Edenred | | | | | 1,597 | | | | | $ | 72,679 | | |
Eiffage S.A. | | | | | 543 | | | | | | 52,176 | | |
Electricite de France S.A. | | | | | 4,265 | | | | | | 58,320 | | |
Engie S.A. | | | | | 12,293 | | | | | | 183,127 | | |
EssilorLuxottica S.A. | | | | | 2,533 | | | | | | 276,695 | | |
Eurazeo S.A. | | | | | 394 | | | | | | 29,612 | | |
Eutelsat Communications S.A. | | | | | 1,535 | | | | | | 26,853 | | |
Faurecia S.A. | | | | | 779 | | | | | | 32,752 | | |
Gecina S.A. | | | | | 366 | | | | | | 54,112 | | |
Getlink S.E | | | | | 3,531 | | | | | | 53,532 | | |
Hermes International | | | | | 225 | | | | | | 148,458 | | |
ICADE | | | | | 379 | | | | | | 32,056 | | |
Iliad S.A. | | | | | 241 | | | | | | 24,196 | | |
Imerys S.A. | | | | | 342 | | | | | | 17,049 | | |
Ingenico Group S.A. | | | | | 480 | | | | | | 34,256 | | |
Ipsen S.A. | | | | | 292 | | | | | | 40,027 | | |
IPSOS | | | | | 26,164 | | | | | | 655,080 | | |
JCDecaux S.A. | | | | | 1,098 | | | | | | 33,403 | | |
Kering S.A. | | | | | 605 | | | | | | 346,930 | | |
Klepierre S.A. | | | | | 1,609 | | | | | | 56,277 | | |
L’Oreal S.A. | | | | | 1,865 | | | | | | 501,677 | | |
Lectra | | | | | 32,642 | | | | | | 789,079 | | |
Legrand S.A. | | | | | 1,691 | | | | | | 113,168 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 6,280 | | | | | | 2,309,922 | | |
Natixis S.A. | | | | | 7,008 | | | | | | 37,506 | | |
Orange S.A. | | | | | 13,297 | | | | | | 216,281 | | |
Pernod Ricard S.A. | | | | | 1,586 | | | | | | 284,655 | | |
Peugeot S.A. | | | | | 3,877 | | | | | | 94,548 | | |
Publicis Groupe S.A. | | | | | 1,409 | | | | | | 75,439 | | |
Remy Cointreau S.A. | | | | | 224 | | | | | | 29,876 | | |
Renault S.A. | | | | | 1,228 | | | | | | 81,149 | | |
Rexel S.A. | | | | | 2,542 | | | | | | 28,672 | | |
Robertet S.A. | | | | | 1,326 | | | | | | 809,168 | | |
Safran S.A. | | | | | 24,555 | | | | | | 3,367,325 | | |
Sanofi | | | | | 27,095 | | | | | | 2,393,210 | | |
Sartorius Stedim Biotech | | | | | 181 | | | | | | 22,923 | | |
Schneider Electric SE | | | | | 3,799 | | | | | | 298,051 | | |
SCOR SE | | | | | 1,263 | | | | | | 53,781 | | |
SEB S.A. | | | | | 211 | | | | | | 35,503 | | |
Societe BIC S.A. | | | | | 303 | | | | | | 27,004 | | |
Societe Generale S.A. | | | | | 5,800 | | | | | | 167,696 | | |
Sodexo S.A. | | | | | 641 | | | | | | 70,581 | | |
Suez | | | | | 2,870 | | | | | | 38,021 | | |
Teleperformance | | | | | 405 | | | | | | 72,780 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
FRANCE – (continued) | | ||||||||||||
Thales S.A. | | | | | 705 | | | | | $ | 84,422 | | |
TOTAL S.A. | | | | | 30,210 | | | | | | 1,678,138 | | |
Ubisoft Entertainment S.A.(a) | | | | | 553 | | | | | | 49,229 | | |
Unibail-Rodamco-Westfield | | | | | 8,286 | | | | | | 68,072 | | |
Unibail-Rodamco-Westfield | | | | | 612 | | | | | | 100,327 | | |
Valeo S.A. | | | | | 1,770 | | | | | | 51,325 | | |
Veolia Environnement S.A. | | | | | 3,763 | | | | | | 84,127 | | |
Vinci S.A. | | | | | 18,593 | | | | | | 1,808,693 | | |
Vivendi S.A. | | | | | 63,816 | | | | | | 1,849,056 | | |
Wendel S.A. | | | | | 299 | | | | | | 37,666 | | |
Total France | | | | | | | | | | | 30,063,469 | | |
GERMANY – 5.7% | | ||||||||||||
1&1 Drillisch AG | | | | | 434 | | | | | | 15,452 | | |
adidas AG | | | | | 1,298 | | | | | | 315,377 | | |
Allianz SE | | | | | 3,152 | | | | | | 701,070 | | |
AP Moller – Maersk A/S, Class A | | | | | 26 | | | | | | 31,448 | | |
AP Moller – Maersk A/S, Class B | | | | | 42 | | | | | | 53,275 | | |
Axel Springer SE | | | | | 410 | | | | | | 21,175 | | |
BASF SE | | | | | 15,146 | | | | | | 1,113,357 | | |
Bayer AG | | | | | 7,277 | | | | | | 470,187 | | |
Bayerische Motoren Werke AG | | | | | 2,321 | | | | | | 178,996 | | |
Beiersdorf AG | | | | | 743 | | | | | | 77,295 | | |
Brenntag AG | | | | | 1,193 | | | | | | 61,426 | | |
Brodrene Hartmann A/S | | | | | 12,516 | | | | | | 545,368 | | |
Carlsberg A/S, Class B | | | | | 14,147 | | | | | | 1,766,834 | | |
Chr Hansen Holding A/S | | | | | 1,057 | | | | | | 107,139 | | |
Coloplast A/S, Class B | | | | | 754 | | | | | | 82,725 | | |
Commerzbank AG(a) | | | | | 7,613 | | | | | | 58,925 | | |
Continental AG | | | | | 786 | | | | | | 118,324 | | |
Covestro AG | | | | | 1,428 | | | | | | 78,523 | | |
Daimler AG | | | | | 6,279 | | | | | | 368,021 | | |
Danske Bank A/S | | | | | 5,126 | | | | | | 89,960 | | |
Delivery Hero AG(a) | | | | | 776 | | | | | | 28,029 | | |
Demant A/S(a) | | | | | 761 | | | | | | 22,503 | | |
Deutsche Bank AG | | | | | 13,963 | | | | | | 113,713 | | |
Deutsche Boerse AG | | | | | 1,358 | | | | | | 174,117 | | |
Deutsche Lufthansa AG | | | | | 1,781 | | | | | | 39,088 | | |
Deutsche Post AG | | | | | 6,902 | | | | | | 224,527 | | |
Deutsche Telekom AG | | | | | 25,552 | | | | | | 424,069 | | |
Deutsche Wohnen SE | | | | | 2,551 | | | | | | 123,706 | | |
DSV A/S | | | | | 1,351 | | | | | | 111,727 | | |
E.ON SE | | | | | 15,469 | | | | | | 171,997 | | |
Evonik Industries AG | | | | | 1,269 | | | | | | 34,563 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
GERMANY – (continued) | | ||||||||||||
Fraport AG Frankfurt Airport Services Worldwide | | | | | 353 | | | | | $ | 27,022 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 1,547 | | | | | | 124,772 | | |
Fresenius SE & Co. KGaA | | | | | 2,969 | | | | | | 165,725 | | |
GEA Group AG | | | | | 1,312 | | | | | | 34,365 | | |
Genmab A/S(a) | | | | | 398 | | | | | | 69,070 | | |
Gerresheimer AG | | | | | 10,149 | | | | | | 762,771 | | |
H Lundbeck A/S | | | | | 494 | | | | | | 21,377 | | |
Hannover Rueck SE | | | | | 438 | | | | | | 62,890 | | |
HeidelbergCement AG | | | | | 1,110 | | | | | | 79,888 | | |
Henkel AG & Co. KGaA | | | | | 767 | | | | | | 72,917 | | |
Hochtief AG | | | | | 178 | | | | | | 25,758 | | |
Hugo Boss AG | | | | | 493 | | | | | | 33,668 | | |
Infineon Technologies AG | | | | | 8,016 | | | | | | 159,023 | | |
Innogy SE(a) | | | | | 1,168 | | | | | | 49,984 | | |
ISS A/S | | | | | 1,152 | | | | | | 35,051 | | |
KION Group AG | | | | | 550 | | | | | | 28,744 | | |
KWS S.A.A. t SE | | | | | 10,790 | | | | | | 745,587 | | |
Lanxess AG | | | | | 642 | | | | | | 34,237 | | |
Merck KGaA | | | | | 934 | | | | | | 106,500 | | |
METRO AG | | | | | 1,714 | | | | | | 28,436 | | |
MTU Aero Engines AG | | | | | 386 | | | | | | 87,379 | | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | | | | | 1,038 | | | | | | 245,684 | | |
Novo Nordisk A/S, Class B | | | | | 14,097 | | | | | | 737,956 | | |
Novozymes A/S, Class B | | | | | 1,438 | | | | | | 66,116 | | |
Orsted A/S | | | | | 1,476 | | | | | | 111,863 | | |
OSRAM Licht AG | | | | | 771 | | | | | | 26,534 | | |
Pandora A/S | | | | | 731 | | | | | | 34,225 | | |
ProSiebenSat.1 Media SE | | | | | 1,762 | | | | | | 25,141 | | |
Puma SE | | | | | 69 | | | | | | 40,016 | | |
Royal Unibrew A/S | | | | | 9,878 | | | | | | 728,746 | | |
RWE AG | | | | | 3,807 | | | | | | 102,065 | | |
SAF-Holland S.A. | | | | | 54,614 | | | | | | 624,885 | | |
SAP SE | | | | | 31,370 | | | | | | 3,624,499 | | |
Siemens AG | | | | | 5,629 | | | | | | 605,797 | | |
Siemens Healthineers AG | | | | | 1,150 | | | | | | 47,924 | | |
Symrise AG | | | | | 11,814 | | | | | | 1,064,429 | | |
Telefonica Deutschland Holding AG | | | | | 7,077 | | | | | | 22,220 | | |
thyssenkrupp AG | | | | | 3,306 | | | | | | 45,411 | | |
Tryg A/S | | | | | 966 | | | | | | 26,504 | | |
TUI AG | | | | | 3,437 | | | | | | 32,929 | | |
Uniper SE | | | | | 1,559 | | | | | | 47,025 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
GERMANY – (continued) | | ||||||||||||
United Internet AG | | | | | 983 | | | | | $ | 35,870 | | |
Vestas Wind Systems A/S | | | | | 1,495 | | | | | | 125,793 | | |
Volkswagen AG | | | | | 250 | | | | | | 40,691 | | |
Vonovia SE | | | | | 18,614 | | | | | | 965,086 | | |
Wirecard AG | | | | | 833 | | | | | | 104,374 | | |
Zalando SE(a) | | | | | 856 | | | | | | 33,368 | | |
Total Germany | | | | | | | | | | | 20,043,231 | | |
GREECE – 0.0%(b) | | ||||||||||||
Alpha Bank AE(a) | | | | | 7,437 | | | | | | 10,295 | | |
Hellenic Telecommunications Organization S.A. | | | | | 1,312 | | | | | | 17,573 | | |
JUMBO S.A. | | | | | 546 | | | | | | 9,126 | | |
Motor Oil Hellas Corinth Refineries S.A. | | | | | 677 | | | | | | 15,720 | | |
OPAP S.A. | | | | | 1,195 | | | | | | 12,332 | | |
Titan Cement Co. S.A. | | | | | 248 | | | | | | 5,358 | | |
Total Greece | | | | | | | | | | | 70,404 | | |
HONG KONG – 3.2% | | ||||||||||||
AIA Group Ltd. | | | | | 196,400 | | | | | | 1,955,256 | | |
Alibaba Health Information Technology Ltd.(a) | | | | | 18,000 | | | | | | 20,798 | | |
Alibaba Pictures Group Ltd.(a) | | | | | 70,000 | | | | | | 12,395 | | |
ASM Pacific Technology Ltd. | | | | | 1,600 | | | | | | 17,845 | | |
Bank of East Asia Ltd. (The) | | | | | 6,722 | | | | | | 21,836 | | |
Beijing Enterprises Holdings Ltd. | | | | | 2,500 | | | | | | 14,172 | | |
Beijing Enterprises Water Group Ltd.(a) | | | | | 30,000 | | | | | | 18,535 | | |
BOC Hong Kong Holdings Ltd. | | | | | 25,000 | | | | | | 103,504 | | |
Brilliance China Automotive Holdings Ltd. | | | | | 16,000 | | | | | | 15,857 | | |
China Agri-Industries Holdings Ltd. | | | | | 27,000 | | | | | | 9,252 | | |
China Ding Yi Feng Holdings Ltd.(a) | | | | | 8,000 | | | | | | 23,542 | | |
China Everbright International Ltd. | | | | | 17,814 | | | | | | 18,109 | | |
China Everbright Ltd. | | | | | 4,000 | | | | | | 7,929 | | |
China First Capital Group Ltd.(a) | | | | | 22,000 | | | | | | 11,631 | | |
China Gas Holdings Ltd. | | | | | 15,600 | | | | | | 54,849 | | |
China Jinmao Holdings Group Ltd. | | | | | 28,000 | | | | | | 18,263 | | |
China Mengniu Dairy Co., Ltd.(a) | | | | | 19,000 | | | | | | 70,676 | | |
China Merchants Port Holdings Co., Ltd. | | | | | 8,000 | | | | | | 17,040 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
China Mobile Ltd. | | | | | 48,500 | | | | | $ | 494,271 | | |
China Overseas Land & Investment Ltd. | | | | | 26,000 | | | | | | 98,701 | | |
China Power International Development Ltd. | | | | | 49,000 | | | | | | 12,547 | | |
China Resources Beer Holdings Co., Ltd. | | | | | 12,000 | | | | | | 50,523 | | |
China Resources Cement Holdings Ltd. | | | | | 14,000 | | | | | | 14,446 | | |
China Resources Gas Group Ltd. | | | | | 10,000 | | | | | | 47,134 | | |
China Resources Land Ltd. | | | | | 18,000 | | | | | | 80,714 | | |
China Resources Power Holdings Co., Ltd. | | | | | 10,000 | | | | | | 15,032 | | |
China State Construction International Holdings Ltd. | | | | | 10,000 | | | | | | 9,363 | | |
China Taiping Insurance Holdings Co., Ltd. | | | | | 14,600 | | | | | | 43,521 | | |
China Traditional Chinese Medicine Holdings Co., Ltd. | | | | | 16,000 | | | | | | 9,518 | | |
China Travel International Investment Hong Kong Ltd. | | | | | 26,000 | | | | | | 6,624 | | |
China Unicom Hong Kong Ltd. | | | | | 44,000 | | | | | | 55,771 | | |
CITIC Ltd. | | | | | 42,000 | | | | | | 62,706 | | |
CK Asset Holdings Ltd. | | | | | 17,500 | | | | | | 155,606 | | |
CK Hutchison Holdings Ltd. | | | | | 19,500 | | | | | | 204,813 | | |
CK Infrastructure Holdings Ltd. | | | | | 3,500 | | | | | | 28,736 | | |
CLP Holdings Ltd. | | | | | 11,000 | | | | | | 127,517 | | |
COSCO SHIPPING Ports Ltd. | | | | | 8,183 | | | | | | 8,840 | | |
Dairy Farm International Holdings Ltd. | | | | | 2,300 | | | | | | 19,297 | | |
Far East Horizon Ltd. | | | | | 12,000 | | | | | | 12,719 | | |
Fullshare Holdings Ltd.(a) | | | | | 37,500 | | | | | | 5,016 | | |
Galaxy Entertainment Group Ltd. | | | | | 18,000 | | | | | | 122,561 | | |
Guangdong Investment Ltd. | | | | | 26,000 | | | | | | 50,212 | | |
Haier Electronics Group Co., Ltd. | | | | | 12,000 | | | | | | 34,854 | | |
Hang Lung Group Ltd. | | | | | 5,000 | | | | | | 16,051 | | |
Hang Lung Properties Ltd. | | | | | 11,000 | | | | | | 26,849 | | |
Hang Seng Bank Ltd. | | | | | 7,700 | | | | | | 190,000 | | |
Henderson Land Development Co., Ltd. | | | | | 9,600 | | | | | | 61,025 | | |
HK Electric Investments & HK Electric Investments Ltd. | | | | | 14,000 | | | | | | 14,303 | | |
HKT Trust & HKT Ltd. | | | | | 34,000 | | | | | | 54,660 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
Hong Kong & China Gas Co., Ltd. | | | | | 63,500 | | | | | $ | 152,239 | | |
Hong Kong Exchanges & Clearing Ltd. | | | | | 8,500 | | | | | | 296,257 | | |
Hongkong Land Holdings Ltd. | | | | | 8,900 | | | | | | 63,279 | | |
Hutchison China MediTech Ltd., ADR(a) | | | | | 300 | | | | | | 9,174 | | |
Hysan Development Co., Ltd. | | | | | 3,000 | | | | | | 16,070 | | |
Jardine Matheson Holdings Ltd. | | | | | 1,500 | | | | | | 93,540 | | |
Jardine Strategic Holdings Ltd. | | | | | 1,600 | | | | | | 59,888 | | |
Jiayuan International Group Ltd. | | | | | 8,107 | | | | | | 4,286 | | |
Kerry Properties Ltd. | | | | | 3,500 | | | | | | 15,627 | | |
Kingboard Holdings Ltd. | | | | | 3,500 | | | | | | 12,417 | | |
Kingboard Laminates Holdings Ltd. | | | | | 5,500 | | | | | | 5,780 | | |
Kunlun Energy Co., Ltd. | | | | | 18,000 | | | | | | 18,803 | | |
Lee & Man Paper Manufacturing Ltd. | | | | | 8,000 | | | | | | 6,818 | | |
Link REIT | | | | | 20,000 | | | | | | 233,887 | | |
Mandarin Oriental International Ltd. | | | | | 352,700 | | | | | | 687,765 | | |
Melco Resorts & Entertainment Ltd., ADR | | | | | 2,100 | | | | | | 47,439 | | |
MTR Corp. Ltd. | | | | | 10,549 | | | | | | 65,310 | | |
New World Development Co., Ltd. | | | | | 45,000 | | | | | | 74,637 | | |
Nine Dragons Paper Holdings Ltd. | | | | | 9,000 | | | | | | 8,576 | | |
NWS Holdings Ltd. | | | | | 8,000 | | | | | | 17,488 | | |
PCCW Ltd. | | | | | 145,000 | | | | | | 90,141 | | |
Pico Far East Holdings Ltd. | | | | | 1,758,000 | | | | | | 714,402 | | |
Power Assets Holdings Ltd. | | | | | 10,000 | | | | | | 69,363 | | |
Shanghai Industrial Holdings Ltd. | | | | | 3,000 | | | | | | 7,062 | | |
Shangri-La Asia Ltd. | | | | | 6,000 | | | | | | 8,530 | | |
Shenzhen International Holdings Ltd. | | | | | 7,000 | | | | | | 14,856 | | |
Shenzhen Investment Ltd. | | | | | 34,000 | | | | | | 12,994 | | |
Shimao Property Holdings Ltd. | | | | | 6,500 | | | | | | 20,328 | | |
Sino Biopharmaceutical Ltd. | | | | | 50,000 | | | | | | 45,605 | | |
Sino Land Co., Ltd. | | | | | 24,518 | | | | | | 47,412 | | |
Sitoy Group Holdings Ltd. | | | | | 2,685,000 | | | | | | 601,991 | | |
SJM Holdings Ltd. | | | | | 11,000 | | | | | | 12,555 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
HONG KONG – (continued) | | ||||||||||||
SmarTone Telecommunications Holdings Ltd. | | | | | 609,000 | | | | | $ | 661,758 | | |
SSY Group Ltd. | | | | | 8,000 | | | | | | 7,440 | | |
Sun Art Retail Group Ltd. | | | | | 13,000 | | | | | | 12,669 | | |
Sun Hung Kai Properties Ltd. | | | | | 11,000 | | | | | | 188,753 | | |
Swire Pacific Ltd., Class A | | | | | 4,500 | | | | | | 57,898 | | |
Swire Properties Ltd. | | | | | 6,200 | | | | | | 26,656 | | |
Techtronic Industries Co., Ltd. | | | | | 88,000 | | | | | | 591,341 | | |
Towngas China Co., Ltd.(a) | | | | | 11,000 | | | | | | 8,646 | | |
Vinda International Holdings Ltd. | | | | | 382,000 | | | | | | 738,700 | | |
Wasion Holdings Ltd. | | | | | 1,190,000 | | | | | | 623,049 | | |
WH Group Ltd. | | | | | 59,500 | | | | | | 63,669 | | |
Wharf Holdings Ltd. (The) | | | | | 7,000 | | | | | | 21,134 | | |
Wharf Real Estate Investment Co., Ltd. | | | | | 10,000 | | | | | | 74,459 | | |
Wheelock & Co., Ltd. | | | | | 8,000 | | | | | | 58,599 | | |
Yue Yuen Industrial Holdings Ltd. | | | | | 4,000 | | | | | | 13,758 | | |
Yuexiu Property Co., Ltd. | | | | | 34,000 | | | | | | 8,186 | | |
Total Hong Kong | | | | | | | | | | | 11,236,653 | | |
HUNGARY – 0.0%(b) | | ||||||||||||
MOL Hungarian Oil & Gas PLC | | | | | 1,974 | | | | | | 22,596 | | |
OTP Bank Nyrt | | | | | 1,915 | | | | | | 84,260 | | |
Richter Gedeon Nyrt | | | | | 748 | | | | | | 14,105 | | |
Total Hungary | | | | | | | | | | | 120,961 | | |
INDIA – 1.7% | | ||||||||||||
Dr Reddy’s Laboratories Ltd., ADR | | | | | 6,000 | | | | | | 243,000 | | |
GAIL India Ltd., GDR | | | | | 8,000 | | | | | | 244,800 | | |
ICICI Bank Ltd., ADR | | | | | 227,400 | | | | | | 2,606,004 | | |
Infosys Ltd., ADR | | | | | 40,000 | | | | | | 437,200 | | |
Larsen & Toubro Ltd., GDR | | | | | 19,766 | | | | | | 393,739 | | |
Mahindra & Mahindra Ltd., GDR | | | | | 26,815 | | | | | | 265,469 | | |
Reliance Industries Ltd., GDR | | | | | 14,000 | | | | | | 561,400 | | |
State Bank of India, GDR(a) | | | | | 6,000 | | | | | | 277,500 | | |
Tata Motors Ltd., ADR(a) | | | | | 12,000 | | | | | | 150,720 | | |
Tata Steel Ltd., GDR | | | | | 27,000 | | | | | | 199,800 | | |
Vedanta Ltd., ADR | | | | | 18,000 | | | | | | 190,080 | | |
Wipro Ltd., ADR | | | | | 53,333 | | | | | | 212,265 | | |
Total India | | | | | | | | | | | 5,781,977 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
INDONESIA – 0.5% | | ||||||||||||
Adaro Energy Tbk PT | | | | | 77,000 | | | | | $ | 7,273 | | |
Astra International Tbk PT | | | | | 144,700 | | | | | | 74,433 | | |
Bank Central Asia Tbk PT | | | | | 95,200 | | | | | | 185,520 | | |
Bank Danamon Indonesia Tbk PT | | | | | 18,000 | | | | | | 11,756 | | |
Bank Mandiri Persero Tbk PT | | | | | 135,400 | | | | | | 70,838 | | |
Bank Negara Indonesia Persero Tbk PT | | | | | 39,900 | | | | | | 26,338 | | |
Bank Rakyat Indonesia Persero Tbk PT | | | | | 390,900 | | | | | | 113,097 | | |
Charoen Pokphand Indonesia Tbk PT | | | | | 67,200 | | | | | | 30,202 | | |
Gudang Garam Tbk PT | | | | | 5,000 | | | | | | 29,213 | | |
Hanjaya Mandala Sampoerna Tbk PT | | | | | 49,800 | | | | | | 13,114 | | |
Indah Kiat Pulp & Paper Corp. Tbk PT | | | | | 16,200 | | | | | | 9,784 | | |
Indocement Tunggal Prakarsa Tbk PT | | | | | 9,900 | | | | | | 15,225 | | |
Indofood CBP Sukses Makmur Tbk PT | | | | | 12,500 | | | | | | 8,186 | | |
Indofood Sukses Makmur Tbk PT | | | | | 23,500 | | | | | | 10,521 | | |
Kalbe Farma Tbk PT | | | | | 112,900 | | | | | | 12,051 | | |
Perusahaan Gas Negara Persero Tbk | | | | | 58,400 | | | | | | 9,638 | | |
Semen Indonesia Persero Tbk PT | | | | | 15,900 | | | | | | 15,576 | | |
Surya Citra Media Tbk PT | | | | | 31,300 | | | | | | 3,638 | | |
Telekomunikasi Indonesia Persero Tbk PT | | | | | 353,400 | | | | | | 98,029 | | |
Telekomunikasi Indonesia Persero Tbk PT, ADR | | | | | 34,400 | | | | | | 944,624 | | |
Unilever Indonesia Tbk PT | | | | | 28,700 | | | | | | 99,211 | | |
United Tractors Tbk PT | | | | | 9,000 | | | | | | 17,096 | | |
Total Indonesia | | | | | | | | | | | 1,805,363 | | |
IRELAND – 2.0% | | ||||||||||||
Accenture PLC, Class A | | | | | 8,600 | | | | | | 1,513,772 | | |
AerCap Holdings N.V.(a) | | | | | 1,000 | | | | | | 46,540 | | |
CRH PLC | | | | | 7,709 | | | | | | 238,464 | | |
DCC PLC | | | | | 752 | | | | | | 64,986 | | |
Grafton Group PLC, (Unit) | | | | | 74,200 | | | | | | 782,315 | | |
Irish Continental Group PLC, (Unit) | | | | | 132,951 | | | | | | 724,810 | | |
James Hardie Industries PLC | | | | | 3,662 | | | | | | 47,168 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
IRELAND – (continued) | | ||||||||||||
Kerry Group PLC, Class A | | | | | 1,464 | | | | | $ | 162,582 | | |
Medtronic PLC | | | | | 27,300 | | | | | | 2,486,484 | | |
Paddy Power Betfair PLC | | | | | 632 | | | | | | 48,936 | | |
Ryanair Holdings PLC, ADR(a) | | | | | 12,540 | | | | | | 939,747 | | |
Total Ireland | | | | | | | | | | | 7,055,804 | | |
ISLE OF MAN – 0.0%(b) | | ||||||||||||
GVC Holdings PLC | | | | | 4,004 | | | | | | 29,152 | | |
ISRAEL – 0.4% | | ||||||||||||
Azrieli Group Ltd. | | | | | 494 | | | | | | 29,252 | | |
Bank Hapoalim BM | | | | | 7,587 | | | | | | 50,189 | | |
Bank Leumi Le-Israel BM | | | | | 138,559 | | | | | | 904,375 | | |
Bezeq The Israeli Telecommunication Corp. Ltd. | | | | | 28,375 | | | | | | 20,348 | | |
Check Point Software Technologies Ltd.(a) | | | | | 900 | | | | | | 113,841 | | |
Elbit Systems Ltd. | | | | | 126 | | | | | | 16,250 | | |
Israel Chemicals Ltd. | | | | | 3,764 | | | | | | 19,563 | | |
Mizrahi Tefahot Bank Ltd. | | | | | 2,058 | | | | | | 42,264 | | |
Nice Ltd.(a) | | | | | 325 | | | | | | 38,274 | | |
Teva Pharmaceutical Industries Ltd., ADR(a) | | | | | 7,400 | | | | | | 116,032 | | |
Total Israel | | | | | | | | | | | 1,350,388 | | |
ITALY – 0.9% | | ||||||||||||
Assicurazioni Generali SpA | | | | | 8,304 | | | | | | 153,698 | | |
Atlantia SpA | | | | | 3,697 | | | | | | 95,757 | | |
Banca IFIS SpA | | | | | 33,261 | | | | | | 548,838 | | |
Biesse SpA | | | | | 30,229 | | | | | | 657,164 | | |
Davide Campari-Milano SpA | | | | | 4,870 | | | | | | 47,801 | | |
Enel SpA | | | | | 56,620 | | | | | | 362,281 | | |
Eni SpA | | | | | 17,738 | | | | | | 313,467 | | |
Ferrari N.V. | | | | | 896 | | | | | | 120,108 | | |
Intesa Sanpaolo SpA | | | | | 112,684 | | | | | | 274,421 | | |
Leonardo SpA | | | | | 3,508 | | | | | | 40,768 | | |
Mediobanca Banca di Credito Finanziario SpA | | | | | 4,838 | | | | | | 50,265 | | |
Moncler SpA | | | | | 1,412 | | | | | | 56,894 | | |
Pirelli & C SpA(a) | | | | | 3,701 | | | | | | 23,822 | | |
Poste Italiane SpA | | | | | 4,376 | | | | | | 42,569 | | |
Prysmian SpA | | | | | 1,853 | | | | | | 35,056 | | |
Recordati SpA | | | | | 918 | | | | | | 35,743 | | |
Snam SpA | | | | | 16,813 | | | | | | 86,360 | | |
Telecom Italia SpA/Milano(a) | | | | | 87,857 | | | | | | 54,638 | | |
Telecom Italia SpA/Milano | | | | | 52,245 | | | | | | 29,678 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
ITALY – (continued) | | ||||||||||||
Terna Rete Elettrica Nazionale SpA | | | | | 10,390 | | | | | $ | 65,827 | | |
UniCredit SpA | | | | | 14,198 | | | | | | 182,009 | | |
Total Italy | | | | | | | | | | | 3,277,164 | | |
JAPAN – 14.7% | | ||||||||||||
ABC-Mart, Inc. | | | | | 300 | | | | | | 17,838 | | |
Acom Co., Ltd. | | | | | 3,800 | | | | | | 13,543 | | |
Aeon Co., Ltd. | | | | | 4,200 | | | | | | 87,786 | | |
AEON Financial Service Co., Ltd. | | | | | 900 | | | | | | 18,296 | | |
Aeon Mall Co., Ltd. | | | | | 900 | | | | | | 14,779 | | |
AGC, Inc. | | | | | 1,100 | | | | | | 38,509 | | |
Air Water, Inc. | | | | | 1,100 | | | | | | 15,920 | | |
Aisin Seiki Co., Ltd. | | | | | 1,000 | | | | | | 35,685 | | |
Ajinomoto Co., Inc. | | | | | 2,900 | | | | | | 46,288 | | |
Alfresa Holdings Corp. | | | | | 1,300 | | | | | | 36,948 | | |
Alps Electric Co., Ltd. | | | | | 1,100 | | | | | | 22,927 | | |
Amada Holdings Co., Ltd. | | | | | 2,400 | | | | | | 23,712 | | |
ANA Holdings, Inc. | | | | | 800 | | | | | | 29,299 | | |
Aozora Bank Ltd. | | | | | 800 | | | | | | 19,749 | | |
Ariake Japan Co., Ltd. | | | | | 14,500 | | | | | | 774,520 | | |
Asahi Group Holdings Ltd. | | | | | 2,500 | | | | | | 111,206 | | |
Asahi Intecc Co., Ltd. | | | | | 600 | | | | | | 28,151 | | |
Asahi Kasei Corp. | | | | | 8,600 | | | | | | 88,615 | | |
Asics Corp. | | | | | 1,200 | | | | | | 16,079 | | |
Astellas Pharma, Inc. | | | | | 70,200 | | | | | | 1,050,498 | | |
Bandai Namco Holdings, Inc. | | | | | 1,700 | | | | | | 79,608 | | |
Bank of Kyoto Ltd. (The) | | | | | 400 | | | | | | 16,710 | | |
Benesse Holdings, Inc. | | | | | 600 | | | | | | 15,564 | | |
Bridgestone Corp. | | | | | 5,100 | | | | | | 196,306 | | |
Brother Industries Ltd. | | | | | 1,500 | | | | | | 27,718 | | |
Calbee, Inc. | | | | | 600 | | | | | | 16,144 | | |
Canon, Inc. | | | | | 6,500 | | | | | | 188,437 | | |
Casio Computer Co., Ltd. | | | | | 1,400 | | | | | | 18,253 | | |
Central Japan Railway Co. | | | | | 1,000 | | | | | | 231,977 | | |
Chiba Bank Ltd. (The) | | | | | 3,700 | | | | | | 20,064 | | |
Chubu Electric Power Co., Inc. | | | | | 3,800 | | | | | | 59,265 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 1,500 | | | | | | 102,996 | | |
Chugoku Electric Power Co., Inc. (The) | | | | | 2,000 | | | | | | 24,921 | | |
Coca-Cola Bottlers Japan Holdings, Inc. | | | | | 900 | | | | | | 22,827 | | |
Concordia Financial Group Ltd. | | | | | 6,500 | | | | | | 25,043 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Credit Saison Co., Ltd. | | | | | 1,200 | | | | | $ | 15,830 | | |
CyberAgent, Inc. | | | | | 600 | | | | | | 24,443 | | |
Dai Nippon Printing Co., Ltd. | | | | | 1,600 | | | | | | 38,213 | | |
Dai-ichi Life Holdings, Inc. | | | | | 7,200 | | | | | | 99,915 | | |
Daicel Corp. | | | | | 2,000 | | | | | | 21,691 | | |
Daifuku Co., Ltd. | | | | | 700 | | | | | | 36,380 | | |
Daiichi Sankyo Co., Ltd. | | | | | 5,000 | | | | | | 230,082 | | |
Daikin Industries Ltd. | | | | | 2,300 | | | | | | 269,160 | | |
Daiseki Co., Ltd. | | | | | 31,100 | | | | | | 755,121 | | |
Daito Trust Construction Co., Ltd. | | | | | 500 | | | | | | 69,611 | | |
Daiwa House Industry Co., Ltd. | | | | | 70,000 | | | | | | 2,222,593 | | |
Daiwa House REIT Investment Corp. | | | | | 12 | | | | | | 26,603 | | |
Daiwa Securities Group, Inc. | | | | | 10,000 | | | | | | 48,633 | | |
DeNA Co., Ltd. | | | | | 900 | | | | | | 13,537 | | |
Denso Corp. | | | | | 3,000 | | | | | | 116,855 | | |
Dentsu, Inc. | | | | | 1,300 | | | | | | 54,836 | | |
Disco Corp. | | | | | 200 | | | | | | 28,458 | | |
East Japan Railway Co. | | | | | 2,500 | | | | | | 240,909 | | |
Eisai Co., Ltd. | | | | | 1,700 | | | | | | 95,300 | | |
Electric Power Development Co., Ltd. | | | | | 1,000 | | | | | | 24,326 | | |
EPS Holdings, Inc. | | | | | 41,000 | | | | | | 682,902 | | |
FamilyMart UNY Holdings Co., Ltd. | | | | | 2,000 | | | | | | 50,907 | | |
FANUC Corp. | | | | | 1,300 | | | | | | 221,456 | | |
Fast Retailing Co., Ltd. | | | | | 500 | | | | | | 234,729 | | |
Fuji Electric Co., Ltd. | | | | | 800 | | | | | | 22,665 | | |
FUJIFILM Holdings Corp. | | | | | 2,600 | | | | | | 118,094 | | |
Fujitec Co., Ltd. | | | | | 57,000 | | | | | | 630,019 | | |
Fujitsu Ltd. | | | | | 2,100 | | | | | | 151,318 | | |
Fukuoka Financial Group, Inc. | | | | | 1,000 | | | | | | 22,160 | | |
Hakuhodo DY Holdings, Inc. | | | | | 1,600 | | | | | | 25,668 | | |
Hamamatsu Photonics KK | | | | | 900 | | | | | | 34,756 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 1,400 | | | | | | 52,423 | | |
Hikari Tsushin, Inc. | | | | | 200 | | | | | | 37,842 | | |
Hino Motors Ltd. | | | | | 6,700 | | | | | | 56,342 | | |
Hirose Electric Co., Ltd. | | | | | 200 | | | | | | 20,987 | | |
Hisamitsu Pharmaceutical Co., Inc. | | | | | 400 | | | | | | 18,370 | | |
Hitachi Chemical Co., Ltd. | | | | | 900 | | | | | | 19,912 | | |
Hitachi Construction Machinery Co., Ltd. | | | | | 800 | | | | | | 21,200 | | |
Hitachi High-Technologies Corp. | | | | | 500 | | | | | | 20,459 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Hitachi Ltd. | | | | | 8,700 | | | | | $ | 281,417 | | |
Hitachi Metals Ltd. | | | | | 1,700 | | | | | | 19,726 | | |
Honda Motor Co., Ltd. | | | | | 11,300 | | | | | | 305,364 | | |
Hoshizaki Corp. | | | | | 10,900 | | | | | | 674,673 | | |
Hoya Corp. | | | | | 2,800 | | | | | | 184,654 | | |
Hulic Co., Ltd. | | | | | 2,200 | | | | | | 21,557 | | |
Idemitsu Kosan Co., Ltd. | | | | | 900 | | | | | | 30,087 | | |
IHI Corp. | | | | | 1,000 | | | | | | 23,992 | | |
Iida Group Holdings Co., Ltd. | | | | | 1,100 | | | | | | 19,900 | | |
Inpex Corp. | | | | | 6,100 | | | | | | 58,094 | | |
Isetan Mitsukoshi Holdings Ltd. | | | | | 2,300 | | | | | | 23,222 | | |
Isuzu Motors Ltd. | | | | | 3,500 | | | | | | 45,917 | | |
ITOCHU Corp. | | | | | 12,300 | | | | | | 222,239 | | |
J Front Retailing Co., Ltd. | | | | | 1,700 | | | | | | 20,201 | | |
Japan Airlines Co., Ltd. | | | | | 800 | | | | | | 28,144 | | |
Japan Airport Terminal Co., Ltd. | | | | | 400 | | | | | | 16,873 | | |
Japan Exchange Group, Inc. | | | | | 3,100 | | | | | | 55,186 | | |
Japan Post Bank Co., Ltd. | | | | | 2,800 | | | | | | 30,544 | | |
Japan Post Holdings Co., Ltd. | | | | | 10,600 | | | | | | 123,952 | | |
Japan Prime Realty Investment Corp. | | | | | 6 | | | | | | 24,686 | | |
Japan Real Estate Investment Corp. | | | | | 8 | | | | | | 47,135 | | |
Japan Retail Fund Investment Corp. | | | | | 18 | | | | | | 36,169 | | |
Japan Tobacco, Inc. | | | | | 9,200 | | | | | | 227,862 | | |
JFE Holdings, Inc. | | | | | 2,800 | | | | | | 47,458 | | |
JGC Corp. | | | | | 1,400 | | | | | | 18,582 | | |
JSR Corp. | | | | | 1,400 | | | | | | 21,676 | | |
JTEKT Corp. | | | | | 5,000 | | | | | | 61,445 | | |
JXTG Holdings, Inc. | | | | | 21,600 | | | | | | 98,713 | | |
Kajima Corp. | | | | | 3,000 | | | | | | 44,230 | | |
Kakaku.com, Inc. | | | | | 1,000 | | | | | | 19,192 | | |
Kamigumi Co., Ltd. | | | | | 900 | | | | | | 20,821 | | |
Kaneka Corp. | | | | | 400 | | | | | | 14,960 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 5,400 | | | | | | 79,516 | | |
Kansai Paint Co., Ltd. | | | | | 1,100 | | | | | | 20,952 | | |
Kao Corp. | | | | | 19,800 | | | | | | 1,557,488 | | |
Kawasaki Heavy Industries Ltd. | | | | | 1,000 | | | | | | 24,632 | | |
KDDI Corp. | | | | | 49,400 | | | | | | 1,063,061 | | |
Keihan Holdings Co., Ltd. | | | | | 700 | | | | | | 29,401 | | |
Keikyu Corp. | | | | | 1,600 | | | | | | 27,112 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Keio Corp. | | | | | 600 | | | | | $ | 38,708 | | |
Keisei Electric Railway Co., Ltd. | | | | | 900 | | | | | | 32,645 | | |
Keyence Corp. | | | | | 700 | | | | | | 435,613 | | |
Kikkoman Corp. | | | | | 900 | | | | | | 44,095 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 1,000 | | | | | | 46,558 | | |
Kintetsu World Express, Inc. | | | | | 42,200 | | | | | | 641,967 | | |
Kirin Holdings Co., Ltd. | | | | | 5,600 | | | | | | 133,520 | | |
Kobayashi Pharmaceutical Co., Ltd. | | | | | 300 | | | | | | 25,282 | | |
Kobe Steel Ltd. | | | | | 2,400 | | | | | | 17,995 | | |
Koito Manufacturing Co., Ltd. | | | | | 700 | | | | | | 39,601 | | |
Komatsu Ltd. | | | | | 6,100 | | | | | | 141,478 | | |
Konami Holdings Corp. | | | | | 600 | | | | | | 26,013 | | |
Konica Minolta, Inc. | | | | | 3,200 | | | | | | 31,443 | | |
Kose Corp. | | | | | 200 | | | | | | 36,687 | | |
Kubota Corp. | | | | | 54,900 | | | | | | 792,318 | | |
Kuraray Co., Ltd. | | | | | 1,900 | | | | | | 24,138 | | |
Kurita Water Industries Ltd. | | | | | 700 | | | | | | 17,855 | | |
Kyocera Corp. | | | | | 2,200 | | | | | | 129,026 | | |
Kyowa Hakko Kirin Co., Ltd. | | | | | 1,700 | | | | | | 36,967 | | |
Kyushu Electric Power Co., Inc. | | | | | 2,300 | | | | | | 27,124 | | |
Kyushu Railway Co. | | | | | 1,100 | | | | | | 36,127 | | |
Lawson, Inc. | | | | | 300 | | | | | | 16,620 | | |
LINE Corp.(a) | | | | | 500 | | | | | | 17,617 | | |
Lion Corp. | | | | | 1,600 | | | | | | 33,637 | | |
LIXIL Group Corp. | | | | | 1,700 | | | | | | 22,671 | | |
M3, Inc. | | | | | 2,600 | | | | | | 43,564 | | |
Makita Corp. | | | | | 40,800 | | | | | | 1,419,146 | | |
Mani, Inc. | | | | | 18,200 | | | | | | 888,406 | | |
Marubeni Corp. | | | | | 9,500 | | | | | | 65,573 | | |
Marui Group Co., Ltd. | | | | | 46,100 | | | | | | 929,654 | | |
Maruichi Steel Tube Ltd. | | | | | 500 | | | | | | 14,549 | | |
Mazda Motor Corp. | | | | | 3,500 | | | | | | 39,112 | | |
McDonald’s Holdings Co. Japan Ltd. | | | | | 400 | | | | | | 18,479 | | |
Mebuki Financial Group, Inc. | | | | | 5,400 | | | | | | 13,789 | | |
Medipal Holdings Corp. | | | | | 1,200 | | | | | | 28,476 | | |
MEIJI Holdings Co., Ltd. | | | | | 900 | | | | | | 73,004 | | |
Minebea Mitsumi, Inc. | | | | | 2,500 | | | | | | 37,512 | | |
MISUMI Group, Inc. | | | | | 1,700 | | | | | | 42,212 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 7,700 | | | | | | 54,149 | | |
Mitsubishi Corp. | | | | | 11,200 | | | | | | 310,645 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Mitsubishi Electric Corp. | | | | | 18,900 | | | | | $ | 242,581 | | |
Mitsubishi Estate Co., Ltd. | | | | | 7,900 | | | | | | 142,953 | | |
Mitsubishi Gas Chemical Co., Inc. | | | | | 1,200 | | | | | | 17,096 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 2,100 | | | | | | 87,123 | | |
Mitsubishi Materials Corp. | | | | | 800 | | | | | | 21,092 | | |
Mitsubishi Motors Corp. | | | | | 4,400 | | | | | | 23,344 | | |
Mitsubishi Tanabe Pharma Corp. | | | | | 1,700 | | | | | | 22,686 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 90,600 | | | | | | 449,608 | | |
Mitsubishi UFJ Lease & Finance Co., Ltd. | | | | | 3,200 | | | | | | 16,284 | | |
Mitsui & Co., Ltd. | | | | | 11,000 | | | | | | 170,563 | | |
Mitsui Chemicals, Inc. | | | | | 1,200 | | | | | | 28,920 | | |
Mitsui Fudosan Co., Ltd. | | | | | 6,100 | | | | | | 153,147 | | |
Mitsui OSK Lines Ltd. | | | | | 800 | | | | | | 17,187 | | |
Mizuho Financial Group, Inc. | | | | | 194,600 | | | | | | 300,776 | | |
MonotaRO Co., Ltd. | | | | | 800 | | | | | | 17,764 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 3,300 | | | | | | 100,343 | | |
Murata Manufacturing Co., Ltd. | | | | | 4,500 | | | | | | 223,802 | | |
Nabtesco Corp. | | | | | 800 | | | | | | 23,279 | | |
Nagoya Railroad Co., Ltd. | | | | | 1,200 | | | | | | 33,186 | | |
NEC Corp. | | | | | 1,600 | | | | | | 54,065 | | |
Nexon Co., Ltd.(a) | | | | | 80,000 | | | | | | 1,251,647 | | |
NGK Insulators Ltd. | | | | | 1,800 | | | | | | 26,116 | | |
NGK Spark Plug Co., Ltd. | | | | | 1,100 | | | | | | 20,386 | | |
NH Foods Ltd. | | | | | 700 | | | | | | 25,169 | | |
Nidec Corp. | | | | | 11,000 | | | | | | 1,391,997 | | |
Nikon Corp. | | | | | 2,100 | | | | | | 29,578 | | |
Nintendo Co., Ltd. | | | | | 800 | | | | | | 227,808 | | |
Nippon Building Fund, Inc. | | | | | 8 | | | | | | 54,137 | | |
Nippon Electric Glass Co., Ltd. | | | | | 700 | | | | | | 18,537 | | |
Nippon Express Co., Ltd. | | | | | 500 | | | | | | 27,790 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 900 | | | | | | 35,324 | | |
Nippon Prologis REIT, Inc. | | | | | 12 | | | | | | 25,531 | | |
Nippon Steel & Sumitomo Metal Corp. | | | | | 5,200 | | | | | | 91,679 | | |
Nippon Telegraph & Telephone Corp. | | | | | 5,500 | | | | | | 233,389 | | |
Nippon Yusen KK | | | | | 1,100 | | | | | | 16,099 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Nissan Chemical Industries Ltd. | | | | | 800 | | | | | $ | 36,597 | | |
Nissan Motor Co., Ltd. | | | | | 15,400 | | | | | | 126,196 | | |
Nisshin Seifun Group, Inc. | | | | | 1,400 | | | | | | 32,085 | | |
Nissin Foods Holdings Co., Ltd. | | | | | 400 | | | | | | 27,429 | | |
Nitori Holdings Co., Ltd. | | | | | 500 | | | | | | 64,513 | | |
Nitto Denko Corp. | | | | | 1,000 | | | | | | 52,468 | | |
Nomura Holdings, Inc. | | | | | 23,800 | | | | | | 85,940 | | |
Nomura Real Estate Holdings, Inc. | | | | | 1,000 | | | | | | 19,174 | | |
Nomura Real Estate Master Fund, Inc. | | | | | 25 | | | | | | 36,813 | | |
Nomura Research Institute Ltd. | | | | | 700 | | | | | | 31,769 | | |
NSK Ltd. | | | | | 8,500 | | | | | | 79,532 | | |
NTT Data Corp. | | | | | 4,000 | | | | | | 44,067 | | |
NTT DOCOMO, Inc. | | | | | 10,600 | | | | | | 234,466 | | |
Obayashi Corp. | | | | | 4,100 | | | | | | 41,211 | | |
Obic Co., Ltd. | | | | | 400 | | | | | | 40,278 | | |
Odakyu Electric Railway Co., Ltd. | | | | | 1,900 | | | | | | 45,996 | | |
Oji Holdings Corp. | | | | | 7,900 | | | | | | 48,970 | | |
Olympus Corp. | | | | | 8,800 | | | | | | 95,440 | | |
Omron Corp. | | | | | 1,200 | | | | | | 56,086 | | |
Ono Pharmaceutical Co., Ltd. | | | | | 2,200 | | | | | | 43,055 | | |
Oracle Corp. Japan | | | | | 300 | | | | | | 20,112 | | |
Oriental Land Co., Ltd. | | | | | 1,400 | | | | | | 158,784 | | |
ORIX Corp. | | | | | 58,600 | | | | | | 840,429 | | |
Osaka Gas Co., Ltd. | | | | | 2,300 | | | | | | 45,323 | | |
Otsuka Corp. | | | | | 700 | | | | | | 26,117 | | |
Otsuka Holdings Co., Ltd. | | | | | 2,700 | | | | | | 105,949 | | |
Pan Pacific International Holdings Corp. | | | | | 17,986 | | | | | | 1,189,546 | | |
Panasonic Corp. | | | | | 14,600 | | | | | | 125,700 | | |
Park24 Co., Ltd. | | | | | 800 | | | | | | 17,345 | | |
Persol Holdings Co., Ltd. | | | | | 1,300 | | | | | | 21,020 | | |
Pigeon Corp. | | | | | 800 | | | | | | 32,663 | | |
Pola Orbis Holdings, Inc. | | | | | 600 | | | | | | 19,110 | | |
Rakuten, Inc. | | | | | 5,000 | | | | | | 47,280 | | |
Recruit Holdings Co., Ltd. | | | | | 9,600 | | | | | | 273,803 | | |
Renesas Electronics Corp.(a) | | | | | 5,200 | | | | | | 24,022 | | |
Resona Holdings, Inc. | | | | | 12,700 | | | | | | 54,969 | | |
Ricoh Co., Ltd. | | | | | 4,400 | | | | | | 45,933 | | |
Rinnai Corp. | | | | | 300 | | | | | | 21,195 | | |
Rion Co., Ltd. | | | | | 42,200 | | | | | | 776,376 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Rohm Co., Ltd. | | | | | 600 | | | | | $ | 37,355 | | |
Ryohin Keikaku Co., Ltd. | | | | | 200 | | | | | | 50,600 | | |
Sakata Seed Corp. | | | | | 21,100 | | | | | | 716,787 | | |
Sankyo Co., Ltd. | | | | | 400 | | | | | | 15,231 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 2,400 | | | | | | 35,709 | | |
SBI Holdings, Inc. | | | | | 1,400 | | | | | | 31,150 | | |
Secom Co., Ltd. | | | | | 2,000 | | | | | | 171,109 | | |
Sega Sammy Holdings, Inc. | | | | | 1,300 | | | | | | 15,319 | | |
Seibu Holdings, Inc. | | | | | 1,600 | | | | | | 27,964 | | |
Seiko Epson Corp. | | | | | 1,900 | | | | | | 29,058 | | |
Sekisui Chemical Co., Ltd. | | | | | 2,400 | | | | | | 38,524 | | |
Sekisui House Ltd. | | | | | 3,700 | | | | | | 61,160 | | |
Seven & i Holdings Co., Ltd. | | | | | 5,400 | | | | | | 203,468 | | |
Seven Bank Ltd. | | | | | 5,200 | | | | | | 15,342 | | |
SG Holdings Co., Ltd. | | | | | 800 | | | | | | 23,279 | | |
Sharp Corp. | | | | | 1,200 | | | | | | 13,188 | | |
Shimadzu Corp. | | | | | 1,300 | | | | | | 37,535 | | |
Shimamura Co., Ltd. | | | | | 200 | | | | | | 16,909 | | |
Shimano, Inc. | | | | | 500 | | | | | | 81,205 | | |
Shimizu Corp. | | | | | 3,600 | | | | | | 31,248 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 16,100 | | | | | | 1,348,083 | | |
Shinsei Bank Ltd. | | | | | 35,300 | | | | | | 501,647 | | |
Shionogi & Co., Ltd. | | | | | 1,900 | | | | | | 117,466 | | |
Shiseido Co., Ltd. | | | | | 3,500 | | | | | | 252,229 | | |
Shizuoka Bank Ltd. (The) | | | | | 2,800 | | | | | | 21,297 | | |
SHO-BOND Holdings Co., Ltd. | | | | | 11,000 | | | | | | 733,466 | | |
Showa Denko KK | | | | | 1,000 | | | | | | 35,099 | | |
Showa Shell Sekiyu KK(a) | | | | | 1,400 | | | | | | 19,189 | | |
SMC Corp. | | | | | 400 | | | | | | 149,887 | | |
Softbank Corp. | | | | | 13,700 | | | | | | 154,145 | | |
SoftBank Group Corp. | | | | | 6,200 | | | | | | 601,092 | | |
Sohgo Security Services Co., Ltd. | | | | | 500 | | | | | | 21,745 | | |
Sompo Holdings, Inc. | | | | | 2,300 | | | | | | 85,044 | | |
Sony Corp. | | | | | 29,500 | | | | | | 1,236,376 | | |
Sony Financial Holdings, Inc. | | | | | 1,200 | | | | | | 22,608 | | |
Stanley Electric Co., Ltd. | | | | | 800 | | | | | | 21,474 | | |
Subaru Corp. | | | | | 4,200 | | | | | | 95,592 | | |
SUMCO Corp. | | | | | 1,600 | | | | | | 17,771 | | |
Sumitomo Chemical Co., Ltd. | | | | | 9,000 | | | | | | 41,821 | | |
Sumitomo Corp. | | | | | 7,600 | | | | | | 104,986 | | |
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 1,200 | | | | | | 29,635 | | |
Sumitomo Electric Industries Ltd. | | | | | 9,000 | | | | | | 119,250 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Sumitomo Heavy Industries Ltd. | | | | | 800 | | | | | $ | 25,877 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 1,400 | | | | | | 41,307 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 47,600 | | | | | | 1,664,690 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 2,600 | | | | | | 93,274 | | |
Sumitomo Realty & Development Co., Ltd. | | | | | 2,500 | | | | | | 103,447 | | |
Sumitomo Rubber Industries Ltd. | | | | | 1,300 | | | | | | 15,577 | | |
Sundrug Co., Ltd. | | | | | 600 | | | | | | 16,512 | | |
Suntory Beverage & Food Ltd. | | | | | 900 | | | | | | 42,227 | | |
Suzuken Co. Ltd/Aichi Japan | | | | | 500 | | | | | | 28,918 | | |
Suzuki Motor Corp. | | | | | 22,800 | | | | | | 1,007,619 | | |
Sysmex Corp. | | | | | 1,200 | | | | | | 72,435 | | |
T&D Holdings, Inc. | | | | | 3,400 | | | ��� | | | 35,709 | | |
Taiheiyo Cement Corp. | | | | | 800 | | | | | | 26,635 | | |
Taisei Corp. | | | | | 1,300 | | | | | | 60,291 | | |
Taisho Pharmaceutical Holdings Co., Ltd. | | | | | 300 | | | | | | 28,557 | | |
Taiyo Nippon Sanso Corp. | | | | | 1,100 | | | | | | 16,734 | | |
Takashimaya Co., Ltd. | | | | | 1,000 | | | | | | 13,300 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 11,464 | | | | | | 467,642 | | |
Tayca Corp. | | | | | 38,500 | | | | | | 886,163 | | |
TDK Corp. | | | | | 800 | | | | | | 62,582 | | |
Teijin Ltd. | | | | | 1,300 | | | | | | 21,418 | | |
Terumo Corp. | | | | | 4,200 | | | | | | 128,088 | | |
THK Co., Ltd. | | | | | 800 | | | | | | 19,735 | | |
Tobu Railway Co., Ltd. | | | | | 1,200 | | | | | | 34,594 | | |
Toho Co., Ltd. | | | | | 800 | | | | | | 32,085 | | |
Toho Gas Co., Ltd. | | | | | 600 | | | | | | 26,906 | | |
Tohoku Electric Power Co., Inc. | | | | | 2,800 | | | | | | 35,673 | | |
Tokio Marine Holdings, Inc. | | | | | 4,900 | | | | | | 237,064 | | |
Tokyo Century Corp. | | | | | 300 | | | | | | 13,033 | | |
Tokyo Electric Power Co. Holdings, Inc.(a) | | | | | 9,000 | | | | | | 56,844 | | |
Tokyo Electron Ltd. | | | | | 1,400 | | | | | | 202,111 | | |
Tokyo Gas Co., Ltd. | | | | | 2,400 | | | | | | 64,824 | | |
Tokyu Corp. | | | | | 3,100 | | | | | | 54,067 | | |
Tokyu Fudosan Holdings Corp. | | | | | 3,600 | | | | | | 21,503 | | |
Toppan Printing Co., Ltd. | | | | | 1,500 | | | | | | 22,616 | | |
Toray Industries, Inc. | | | | | 108,300 | | | | | | 690,763 | | |
Toshiba Corp. | | | | | 5,400 | | | | | | 171,750 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
JAPAN – (continued) | | ||||||||||||
Tosoh Corp. | | | | | 1,600 | | | | | $ | 24,845 | | |
TOTO Ltd. | | | | | 900 | | | | | | 38,126 | | |
Toyo Seikan Group Holdings Ltd. | | | | | 1,200 | | | | | | 24,546 | | |
Toyo Suisan Kaisha Ltd. | | | | | 700 | | | | | | 26,622 | | |
Toyoda Gosei Co., Ltd. | | | | | 600 | | | | | | 12,690 | | |
Toyota Industries Corp. | | | | | 900 | | | | | | 45,069 | | |
Toyota Motor Corp. | | | | | 16,700 | | | | | | 977,469 | | |
Toyota Tsusho Corp. | | | | | 1,300 | | | | | | 42,285 | | |
Transcosmos, Inc. | | | | | 31,600 | | | | | | 615,577 | | |
Trend Micro, Inc. | | | | | 700 | | | | | | 34,043 | | |
Tsubakimoto Chain Co. | | | | | 18,700 | | | | | | 666,471 | | |
Tsuruha Holdings, Inc. | | | | | 300 | | | | | | 24,362 | | |
Unicharm Corp. | | | | | 2,900 | | | | | | 95,847 | | |
United Urban Investment Corp. | | | | | 20 | | | | | | 31,562 | | |
USS Co., Ltd. | | | | | 1,500 | | | | | | 27,799 | | |
Welcia Holdings Co., Ltd. | | | | | 300 | | | | | | 10,164 | | |
West Japan Railway Co. | | | | | 1,000 | | | | | | 75,241 | | |
Yahoo Japan Corp. | | | | | 20,100 | | | | | | 49,148 | | |
Yakult Honsha Co., Ltd. | | | | | 1,700 | | | | | | 118,722 | | |
Yamada Denki Co., Ltd. | | | | | 4,700 | | | | | | 23,154 | | |
Yamaguchi Financial Group, Inc. | | | | | 2,000 | | | | | | 16,927 | | |
Yamaha Corp. | | | | | 18,400 | | | | | | 918,091 | | |
Yamaha Motor Co., Ltd. | | | | | 1,800 | | | | | | 35,259 | | |
Yamato Holdings Co., Ltd. | | | | | 1,900 | | | | | | 49,013 | | |
Yamazaki Baking Co., Ltd. | | | | | 900 | | | | | | 14,584 | | |
Yaskawa Electric Corp. | | | | | 2,000 | | | | | | 62,709 | | |
Yokogawa Electric Corp. | | | | | 1,600 | | | | | | 33,074 | | |
Yokohama Rubber Co., Ltd. (The) | | | | | 900 | | | | | | 16,696 | | |
ZOZO, Inc. | | | | | 1,200 | | | | | | 22,586 | | |
Total Japan | | | | | | | | | | | 51,671,734 | | |
LUXEMBOURG – 0.1% | | ||||||||||||
ArcelorMittal | | | | | 4,768 | | | | | | 96,583 | | |
Aroundtown S.A. | | | | | 6,017 | | | | | | 49,609 | | |
Eurofins Scientific SE | | | | | 90 | | | | | | 37,253 | | |
Millicom International Cellular S.A. | | | | | 354 | | | | | | 21,494 | | |
Reinet Investments SCA | | | | | 1,198 | | | | | | 20,491 | | |
RTL Group S.A. | | | | | 357 | | | | | | 19,503 | | |
SES S.A. | | | | | 2,751 | | | | | | 42,786 | | |
Tenaris S.A. | | | | | 3,769 | | | | | | 52,912 | | |
Total Luxembourg | | | | | | | | | | | 340,631 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MACAU – 0.0%(b) | | ||||||||||||
MGM China Holdings Ltd. | | | | | 5,200 | | | | | $ | 10,877 | | |
Sands China Ltd. | | | | | 16,800 | | | | | | 84,429 | | |
Wynn Macau Ltd. | | | | | 14,400 | | | | | | 33,936 | | |
Total Macau | | | | | | | | | | | 129,242 | | |
MALAYSIA – 0.2% | | ||||||||||||
AirAsia Group Bhd | | | | | 8,000 | | | | | | 5,212 | | |
Alliance Bank Malaysia Bhd | | | | | 5,400 | | | | | | 5,410 | | |
AMMB Holdings Bhd | | | | | 8,900 | | | | | | 9,941 | | |
Axiata Group Bhd | | | | | 14,500 | | | | | | 14,740 | | |
CIMB Group Holdings Bhd | | | | | 25,306 | | | | | | 31,923 | | |
Dialog Group Bhd | | | | | 16,600 | | | | | | 12,890 | | |
DiGi.Com Bhd | | | | | 16,600 | | | | | | 18,501 | | |
Gamuda Bhd | | | | | 9,200 | | | | | | 6,490 | | |
Genting Bhd | | | | | 12,400 | | | | | | 20,168 | | |
Genting Malaysia Bhd | | | | | 15,900 | | | | | | 12,463 | | |
HAP Seng Consolidated Bhd | | | | | 21,200 | | | | | | 51,410 | | |
Hartalega Holdings Bhd | | | | | 7,100 | | | | | | 8,052 | | |
Hong Leong Bank Bhd | | | | | 3,500 | | | | | | 17,404 | | |
Hong Leong Financial Group Bhd | | | | | 1,200 | | | | | | 5,638 | | |
IHH Healthcare Bhd | | | | | 11,000 | | | | | | 15,547 | | |
IJM Corp. Bhd | | | | | 15,500 | | | | | | 8,429 | | |
IOI Corp. Bhd | | | | | 11,800 | | | | | | 12,891 | | |
Kuala Lumpur Kepong Bhd | | | | | 2,600 | | | | | | 15,794 | | |
Malayan Banking Bhd | | | | | 41,862 | | | | | | 95,055 | | |
Malaysia Airports Holdings Bhd | | | | | 4,400 | | | | | | 7,803 | | |
Maxis Bhd | | | | | 10,500 | | | | | | 13,786 | | |
MISC Bhd | | | | | 7,200 | | | | | | 11,799 | | |
Nestle Malaysia Bhd | | | | | 300 | | | | | | 10,787 | | |
Petronas Chemicals Group Bhd | | | | | 21,900 | | | | | | 49,137 | | |
Petronas Dagangan Bhd | | | | | 1,300 | | | | | | 7,961 | | |
Petronas Gas Bhd | | | | | 3,700 | | | | | | 15,969 | | |
PPB Group Bhd | | | | | 3,000 | | | | | | 13,462 | | |
Press Metal Aluminium Holdings Bhd | | | | | 7,100 | | | | | | 7,843 | | |
Public Bank Bhd | | | | | 27,100 | | | | | | 153,738 | | |
RHB Bank Bhd | | | | | 4,300 | | | | | | 6,004 | | |
Sime Darby Bhd | | | | | 12,700 | | | | | | 6,937 | | |
Sime Darby Plantation Bhd | | | | | 12,700 | | | | | | 15,616 | | |
SP Setia Bhd Group | | | | | 8,000 | | | | | | 4,448 | | |
Telekom Malaysia Bhd | | | | | 6,000 | | | | | | 4,703 | | |
Tenaga Nasional Bhd | | | | | 23,100 | | | | | | 71,634 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MALAYSIA – (continued) | | ||||||||||||
Top Glove Corp. Bhd | | | | | 8,400 | | | | | $ | 9,506 | | |
YTL Corp. Bhd | | | | | 23,400 | | | | | | 6,076 | | |
Total Malaysia | | | | | | | | | | | 785,167 | | |
MEXICO – 0.5% | | ||||||||||||
Alfa S.A.B. de C.V., Class A | | | | | 23,600 | | | | | | 25,022 | | |
Alsea S.A.B. de C.V. | | | | | 7,000 | | | | | | 14,656 | | |
America Movil S.A.B. de C.V., Series L | | | | | 248,400 | | | | | | 177,499 | | |
Arca Continental S.A.B. de C.V. | | | | | 6,200 | | | | | | 34,497 | | |
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand, Class B | | | | | 15,060 | | | | | | 20,569 | | |
Cemex S.A.B. de C.V., (Unit)(a) | | | | | 125,700 | | | | | | 58,672 | | |
Coca-Cola Femsa S.A.B. de C.V., Series L | | | | | 4,100 | | | | | | 27,092 | | |
El Puerto de Liverpool S.A.B. de C.V. | | | | | 1,000 | | | | | | 6,312 | | |
Fibra Uno Administracion S.A. de C.V. | | | | | 24,300 | | | | | | 33,489 | | |
Fomento Economico Mexicano S.A.B. de C.V. | | | | | 13,900 | | | | | | 128,128 | | |
Fresnillo PLC | | | | | 2,783 | | | | | | 31,564 | | |
Genomma Lab Internacional S.A.B. de C.V., Class B(a) | | | | | 1,040,200 | | | | | | 751,335 | | |
Gruma S.A.B. de C.V., Class B | | | | | 1,820 | | | | | | 18,639 | | |
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B | | | | | 2,800 | | | | | | 24,823 | | |
Grupo Aeroportuario del Sureste S.A.B. de C.V., Class B | | | | | 1,610 | | | | | | 26,018 | | |
Grupo Bimbo S.A.B. de C.V., Series A | | | | | 13,100 | | | | | | 27,327 | | |
Grupo Carso S.A.B. de C.V., Series A1 | | | | | 2,400 | | | | | | 9,396 | | |
Grupo Financiero Banorte S.A.B. de C.V. | | | | | 19,700 | | | | | | 107,024 | | |
Grupo Financiero Inbursa S.A.B. de C.V. | | | | | 18,100 | | | | | | 25,047 | | |
Grupo Mexico S.A.B. de C.V., Series B | | | | | 20,400 | | | | | | 55,850 | | |
Grupo Televisa S.A.B., Series CPO, UNIT | | | | | 16,000 | | | | | | 35,363 | | |
Industrias Penoles S.A.B. de C.V. | | | | | 745 | | | | | | 9,297 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
MEXICO – (continued) | | ||||||||||||
Infraestructura Energetica Nova S.A.B. de C.V. | | | | | 2,900 | | | | | $ | 11,654 | | |
Kimberly-Clark de Mexico S.A.B. de C.V., Class A(a) | | | | | 17,200 | | | | | | 29,118 | | |
Megacable Holdings S.A.B. de C.V., (Unit) | | | | | 3,400 | | | | | | 15,768 | | |
Mexichem S.A.B. de C.V. | | | | | 8,400 | | | | | | 20,080 | | |
Promotora y Operadora de Infraestructura S.A.B. de C.V. | | | | | 1,220 | | | | | | 12,097 | | |
Wal-Mart de Mexico S.A.B. de C.V. | | | | | 38,600 | | | | | | 103,191 | | |
Total Mexico | | | | | | | | | | | 1,839,527 | | |
NETHERLANDS – 4.1% | | ||||||||||||
ABN AMRO Group N.V. | | | | | 39,967 | | | | | | 901,143 | | |
Aegon N.V. | | | | | 12,692 | | | | | | 60,992 | | |
Akzo Nobel N.V. | | | | | 10,583 | | | | | | 937,728 | | |
ASML Holding N.V. | | | | | 3,255 | | | | | | 610,497 | | |
Corbion N.V. | | | | | 23,427 | | | | | | 704,284 | | |
EXOR N.V. | | | | | 852 | | | | | | 55,337 | | |
Heineken Holding N.V. | | | | | 782 | | | | | | 78,335 | | |
Heineken N.V. | | | | | 13,793 | | | | | | 1,455,634 | | |
ING Groep N.V. | | | | | 30,081 | | | | | | 363,889 | | |
Koninklijke Ahold Delhaize N.V. | | | | | 8,392 | | | | | | 223,341 | | |
Koninklijke DSM N.V. | | | | | 11,474 | | | | | | 1,250,543 | | |
Koninklijke KPN N.V. | | | | | 23,589 | | | | | | 74,779 | | |
Koninklijke Philips N.V. | | | | | 6,580 | | | | | | 268,045 | | |
Koninklijke Vopak N.V. | | | | | 650 | | | | | | 31,105 | | |
NN Group N.V. | | | | | 2,128 | | | | | | 88,394 | | |
NXP Semiconductors N.V. | | | | | 2,300 | | | | | | 203,297 | | |
QIAGEN N.V.(a) | | | | | 1,632 | | | | | | 66,161 | | |
Randstad N.V. | | | | | 877 | | | | | | 42,765 | | |
Royal Dutch Shell PLC, Class A | | | | | 124,555 | | | | | | 3,915,339 | | |
Royal Dutch Shell PLC, Class B | | | | | 25,456 | | | | | | 805,007 | | |
Sligro Food Group N.V. | | | | | 18,715 | | | | | | 670,744 | | |
Wolters Kluwer N.V. | | | | | 22,846 | | | | | | 1,555,590 | | |
Total Netherlands | | | | | | | | | | | 14,362,949 | | |
NEW ZEALAND – 0.1% | | ||||||||||||
a2 Milk Co., Ltd.(a) | | | | | 5,830 | | | | | | 56,814 | | |
Auckland International Airport Ltd. | | | | | 13,674 | | | | | | 75,800 | | |
Fisher & Paykel Healthcare Corp. Ltd. | | | | | 3,054 | | | | | | 32,652 | | |
Fletcher Building Ltd. | | | | | 4,568 | | | | | | 15,398 | | |
Investments | | | Shares | | | Value | | | | ||||||||||
COMMON STOCKS – (continued) | | | | ||||||||||||||||
NEW ZEALAND – (continued) | | | | ||||||||||||||||
Meridian Energy Ltd. | | | | | 26,347 | | | | | $ | 75,089 | | | | | ||||
Ryman Healthcare Ltd. | | | | | 2,141 | | | | | | 17,861 | | | | | ||||
Spark New Zealand Ltd. | | | | | 25,366 | | | | | | 65,642 | | | | | ||||
Total New Zealand | | | | | | | | | | | 339,256 | | | | | ||||
NORWAY – 1.1% | | | | ||||||||||||||||
Aker BP ASA | | | | | 673 | | | | | | 23,955 | | | | | ||||
Borregaard ASA | | | | | 72,804 | | | | | | 721,713 | | | | | ||||
DNB ASA | | | | | 7,758 | | | | | | 142,838 | | | | | ||||
Equinor ASA | | | | | 66,835 | | | | | | 1,463,404 | | | | | ||||
Gjensidige Forsikring ASA | | | | | 1,071 | | | | | | 18,502 | | | | | ||||
Marine Harvest ASA(a) | | | | | 2,969 | | | | | | 66,265 | | | | | ||||
Norsk Hydro ASA | | | | | 9,558 | | | | | | 38,731 | | | | | ||||
Orkla ASA | | | | | 6,278 | | | | | | 48,186 | | | | | ||||
Schibsted ASA, Class B | | | | | 525 | | | | | | 18,809 | | | | | ||||
Telenor ASA | | | | | 55,330 | | | | | | 1,107,890 | | | | | ||||
Yara International ASA | | | | | 1,255 | | | | | | 51,335 | | | | | ||||
Total Norway | | | | | | | | | | | 3,701,628 | | | | | ||||
PERU – 0.1% | | | | ||||||||||||||||
Cia de Minas Buenaventura S.A.A., ADR | | | | | 1,000 | | | | | | 17,280 | | | | | ||||
Credicorp Ltd. | | | | | 500 | | | | | | 119,975 | | | | | ||||
Southern Copper Corp. | | | | | 500 | | | | | | 19,840 | | | | | ||||
Total Peru | | | | | | | | | | | 157,095 | | | | | ||||
PHILIPPINES – 0.2% | | | | | | | | ||||||||||||
Aboitiz Equity Ventures, Inc. | | | | | 10,560 | | | | | | 11,855 | | | | | ||||
Aboitiz Power Corp. | | | | | 7,900 | | | | | | 5,326 | | | | | ||||
Alliance Global Group, Inc. | | | | | 21,900 | | | | | | 6,740 | | | | | ||||
Ayala Corp. | | | | | 5,680 | | | | | | 101,680 | | | | | ||||
Ayala Land, Inc. | | | | | 65,900 | | | | | | 56,349 | | | | | ||||
Bank of the Philippine Islands | | | | | 4,800 | | | | | | 7,697 | | | | | ||||
BDO Unibank, Inc. | | | | | 18,170 | | | | | | 46,299 | | | | | ||||
Globe Telecom, Inc. | | | | | 180 | | | | | | 6,643 | | | | | ||||
GT Capital Holdings, Inc. | | | | | 481 | | | | | | 8,533 | | | | | ||||
JG Summit Holdings, Inc. | | | | | 15,340 | | | | | | 18,550 | | | | | ||||
Jollibee Foods Corp. | | | | | 5,270 | | | | | | 31,815 | | | | | ||||
Manila Electric Co. | | | | | 1,210 | | | | | | 8,756 | | | | | ||||
Metro Pacific Investments Corp. | | | | | 505,900 | | | | | | 46,727 | | | | | ||||
Metropolitan Bank & Trust Co. | | | | | 14,950 | | | | | | 22,748 | | | | | ||||
PLDT, Inc. | | | | | 465 | | | | | | 10,184 | | | | | ||||
SM Investments Corp. | | | | | 1,290 | | | | | | 22,945 | | | | | ||||
SM Prime Holdings, Inc. | | | | | 73,300 | | | | | | 55,697 | | | | | ||||
Universal Robina Corp. | | | | | 4,720 | | | | | | 13,663 | | | | | ||||
Total Philippines | | | | | | | | | | | 482,207 | | | | | ||||
|
Investments | | | Shares | | | Value | | | | ||||||||||
COMMON STOCKS – (continued) | | | | ||||||||||||||||
POLAND – 0.1% | | | | ||||||||||||||||
Alior Bank S.A.(a) | | | | | 484 | | | | | $ | 7,532 | | | | | ||||
Bank Handlowy w Warszawie S.A. | | | | | 181 | | | | | | 3,182 | | | | | ||||
Bank Millennium S.A.(a) | | | | | 3,247 | | | | | | 7,561 | | | | | ||||
Bank Polska Kasa Opieki S.A. | | | | | 1,372 | | | | | | 39,308 | | | | | ||||
CCC S.A. | | | | | 154 | | | | | | 8,632 | | | | | ||||
CD Projekt S.A.(a) | | | | | 360 | | | | | | 18,753 | | | | | ||||
Cyfrowy Polsat S.A.(a) | | | | | 3,198 | | | | | | 21,390 | | | | | ||||
Dino Polska S.A.(a) | | | | | 262 | | | | | | 8,257 | | | | | ||||
Grupa Lotos S.A. | | | | | 495 | | | | | | 10,752 | | | | | ||||
Jastrzebska Spolka Weglowa S.A.(a) | | | | | 283 | | | | | | 4,496 | | | | | ||||
KGHM Polska Miedz S.A.(a) | | | | | 749 | | | | | | 20,874 | | | | | ||||
LPP S.A. | | | | | 7 | | | | | | 15,178 | | | | | ||||
mBank S.A. | | | | | 79 | | | | | | 8,749 | | | | | ||||
Orange Polska S.A.(a) | | | | | 3,512 | | | | | | 4,692 | | | | | ||||
PGE Polska Grupa Energetyczna S.A.(a) | | | | | 4,504 | | | | | | 11,661 | | | | | ||||
Polski Koncern Naftowy ORLEN S.A. | | | | | 2,121 | | | | | | 53,939 | | | | | ||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | | | | | 9,279 | | | | | | 15,117 | | | | | ||||
Powszechna Kasa Oszczednosci Bank Polski S.A. | | | | | 8,112 | | | | | | 81,513 | | | | | ||||
Powszechny Zaklad Ubezpieczen S.A. | | | | | 3,236 | | | | | | 34,135 | | | | | ||||
Santander Bank Polska S.A. | | | | | 186 | | | | | | 18,458 | | | | | ||||
Total Poland | | | | | | | | | | | 394,179 | | | | | ||||
PORTUGAL – 0.1% | | | | ||||||||||||||||
EDP – Energias de Portugal S.A. | | | | | 17,932 | | | | | | 70,504 | | | | | ||||
Galp Energia,SGPS, S.A. | | | | | 5,810 | | | | | | 93,068 | | | | | ||||
Jeronimo Martins,SGPS, S.A. | | | | | 2,754 | | | | | | 40,624 | | | | | ||||
Total Portugal | | | | | | | | | | | 204,196 | | | | | ||||
ROMANIA – 0.0%(b) | | | | ||||||||||||||||
NEPI Rockcastle PLC | | | | | 3,397 | | | | | | 28,591 | | | | | ||||
RUSSIA – 0.7% | | | | | | | | ||||||||||||
Gazprom PJSC, ADR | | | | | 36,010 | | | | | | 162,549 | | | | | ||||
LUKOIL PJSC, ADR | | | | | 3,257 | | | | | | 291,827 | | | | | ||||
Magnit PJSC, GDR | | | | | 1,909 | | | | | | 26,917 | | | | | ||||
MMC Norilsk Nickel PJSC, ADR | | | | | 5,000 | | | | | | 105,600 | | | | | ||||
Mobile TeleSystems PJSC, ADR | | | | | 2,700 | | | | | | 20,412 | | | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
RUSSIA – (continued) | | ||||||||||||
Novatek PJSC, GDR | | | | | 622 | | | | | $ | 106,611 | | |
Novolipetsk Steel PJSC, GDR | | | | | 5,000 | | | | | | 128,350 | | |
PhosAgro PJSC, GDR | | | | | 624 | | | | | | 7,819 | | |
Polyus PJSC, GDR | | | | | 546 | | | | | | 22,440 | | |
Rosneft Oil Co. PJSC, GDR | | | | | 10,000 | | | | | | 62,800 | | |
Sberbank of Russia PJSC, ADR | | | | | 17,888 | | | | | | 237,195 | | |
Severstal PJSC, GDR | | | | | 8,000 | | | | | | 124,800 | | |
Surgutneftegas OJSC, ADR | | | | | 10,000 | | | | | | 37,100 | | |
Tatneft PJSC, ADR | | | | | 1,815 | | | | | | 125,598 | | |
VTB Bank PJSC, GDR | | | | | 10,000 | | | | | | 11,420 | | |
Yandex N.V., Class A(a) | | | | | 29,300 | | | | | | 1,006,162 | | |
Total Russia | | | | | | | | | | | 2,477,600 | | |
SINGAPORE – 1.1% | | ||||||||||||
Ascendas Real Estate Investment Trust | | | | | 24,400 | | | | | | 52,392 | | |
BOC Aviation Ltd. | | | | | 2,100 | | | | | | 17,134 | | |
CapitaLand Commercial Trust | | | | | 13,500 | | | | | | 19,325 | | |
CapitaLand Ltd. | | | | | 13,700 | | | | | | 36,897 | | |
CapitaLand Mall Trust | | | | | 13,300 | | | | | | 23,357 | | |
City Developments Ltd. | | | | | 2,200 | | | | | | 14,691 | | |
ComfortDelGro Corp. Ltd. | | | | | 11,600 | | | | | | 21,997 | | |
DBS Group Holdings Ltd. | | | | | 151,800 | | | | | | 2,825,983 | | |
Genting Singapore Ltd. | | | | | 32,400 | | | | | | 24,863 | | |
Golden Agri-Resources Ltd. | | | | | 37,800 | | | | | | 7,810 | | |
Jardine Cycle & Carriage Ltd. | | | | | 500 | | | | | | 11,987 | | |
Keppel Corp. Ltd. | | | | | 7,800 | | | | | | 35,799 | | |
Oversea-Chinese Banking Corp. Ltd. | | | | | 27,968 | | | | | | 228,036 | | |
SATS Ltd. | | | | | 3,600 | | | | | | 13,574 | | |
Sembcorp Industries Ltd. | | | | | 5,300 | | | | | | 9,972 | | |
Singapore Airlines Ltd. | | | | | 2,900 | | | | | | 20,671 | | |
Singapore Exchange Ltd. | | | | | 15,100 | | | | | | 81,447 | | |
Singapore Press Holdings Ltd. | | | | | 8,600 | | | | | | 15,293 | | |
Singapore Technologies Engineering Ltd. | | | | | 8,400 | | | | | | 23,181 | | |
Singapore Telecommunications Ltd. | | | | | 55,900 | | | | | | 124,566 | | |
Suntec Real Estate Investment Trust | | | | | 13,500 | | | | | | 19,424 | | |
United Overseas Bank Ltd. | | | | | 11,900 | | | | | | 221,185 | | |
UOL Group Ltd. | | | | | 2,700 | | | | | | 13,846 | | |
Venture Corp. Ltd. | | | | | 1,700 | | | | | | 22,504 | | |
Wilmar International Ltd. | | | | | 14,300 | | | | | | 34,926 | | |
Total Singapore | | | | | | | | | | | 3,920,860 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH AFRICA – 1.2% | | ||||||||||||
Absa Group Ltd. | | | | | 5,498 | | | | | $ | 57,957 | | |
Anglo American Platinum Ltd. | | | | | 570 | | | | | | 29,081 | | |
AngloGold Ashanti Ltd. | | | | | 3,137 | | | | | | 41,654 | | |
Aspen Pharmacare Holdings Ltd. | | | | | 3,274 | | | | | | 21,098 | | |
Bid Corp. Ltd. | | | | | 2,641 | | | | | | 54,545 | | |
Bidvest Group Ltd. (The) | | | | | 2,755 | | | | | | 36,947 | | |
Capitec Bank Holdings Ltd. | | | | | 332 | | | | | | 31,063 | | |
Clicks Group Ltd. | | | | | 2,254 | | | | | | 28,777 | | |
Discovery Ltd. | | | | | 3,044 | | | | | | 28,860 | | |
Exxaro Resources Ltd. | | | | | 2,097 | | | | | | 23,886 | | |
FirstRand Ltd. | | | | | 24,061 | | | | | | 104,990 | | |
Fortress REIT Ltd., Class A | | | | | 11,380 | | | | | | 14,481 | | |
Fortress REIT Ltd., Class B | | | | | 9,675 | | | | | | 7,228 | | |
Foschini Group Ltd. (The) | | | | | 2,051 | | | | | | 23,170 | | |
Gold Fields Ltd. | | | | | 7,715 | | | | | | 28,489 | | |
Growthpoint Properties Ltd. | | | | | 24,095 | | | | | | 40,780 | | |
Hyprop Investments Ltd. | | | | | 2,260 | | | | | | 11,039 | | |
Investec Ltd. | | | | | 2,482 | | | | | | 14,508 | | |
Investec PLC | | | | | 5,586 | | | | | | 32,179 | | |
Kumba Iron Ore Ltd. | | | | | 653 | | | | | | 19,474 | | |
Liberty Holdings Ltd. | | | | | 1,438 | | | | | | 10,069 | | |
Life Healthcare Group Holdings Ltd. | | | | | 11,044 | | | | | | 20,544 | | |
MMI Holdings Ltd. | | | | | 10,106 | | | | | | 11,620 | | |
Mr Price Group Ltd. | | | | | 52,018 | | | | | | 683,251 | | |
MTN Group Ltd. | | | | | 12,610 | | | | | | 77,449 | | |
MultiChoice Group Ltd.(a) | | | | | 3,021 | | | | | | 25,271 | | |
Naspers Ltd., Class N | | | | | 3,173 | | | | | | 732,765 | | |
Nedbank Group Ltd. | | | | | 3,074 | | | | | | 53,526 | | |
Netcare Ltd. | | | | | 11,482 | | | | | | 18,581 | | |
Old Mutual Ltd. | | | | | 37,911 | | | | | | 55,648 | | |
Pick n Pay Stores Ltd. | | | | | 3,269 | | | | | | 15,046 | | |
PSG Group Ltd. | | | | | 1,275 | | | | | | 23,107 | | |
Rand Merchant Investment Holdings Ltd. | | | | | 6,256 | | | | | | 14,538 | | |
Redefine Properties Ltd. | | | | | 46,665 | | | | | | 31,371 | | |
Remgro Ltd. | | | | | 4,066 | | | | | | 52,206 | | |
Resilient REIT Ltd. | | | | | 3,030 | | | | | | 11,487 | | |
RMB Holdings Ltd. | | | | | 5,989 | | | | | | 31,537 | | |
Sanlam Ltd. | | | | | 259,832 | | | | | | 1,328,265 | | |
Sappi Ltd. | | | | | 4,788 | | | | | | 22,117 | | |
Sasol Ltd. | | | | | 3,989 | | | | | | 124,408 | | |
Shoprite Holdings Ltd. | | | | | 3,504 | | | | | | 38,518 | | |
SPAR Group Ltd. (The) | | | | | 1,570 | | | | | | 20,879 | | |
Standard Bank Group Ltd. | | | | | 9,249 | | | | | | 118,735 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH AFRICA – (continued) | | ||||||||||||
Telkom S.A. SOC Ltd. | | | | | 3,263 | | | | | $ | 16,491 | | |
Tiger Brands Ltd. | | | | | 1,437 | | | | | | 26,392 | | |
Truworths International Ltd. | | | | | 3,619 | | | | | | 17,404 | | |
Vodacom Group Ltd. | | | | | 4,845 | | | | | | 37,417 | | |
Woolworths Holdings Ltd. | | | | | 8,431 | | | | | | 27,159 | | |
Total South Africa | | | | | | | | | | | 4,296,007 | | |
SOUTH KOREA – 2.4% | | ||||||||||||
Amorepacific Corp. | | | | | 266 | | | | | | 44,173 | | |
AMOREPACIFIC Group | | | | | 166 | | | | | | 10,178 | | |
BGF retail Co., Ltd. | | | | | 45 | | | | | | 8,662 | | |
BNK Financial Group, Inc. | | | | | 1,496 | | | | | | 8,804 | | |
Celltrion Healthcare Co., Ltd.(a) | | | | | 478 | | | | | | 28,130 | | |
Celltrion Pharm, Inc.(a) | | | | | 88 | | | | | | 4,295 | | |
Celltrion, Inc.(a) | | | | | 556 | | | | | | 88,658 | | |
Cheil Worldwide, Inc. | | | | | 396 | | | | | | 8,443 | | |
Choong Ang Vaccine Laboratory | | | | | 40,769 | | | | | | 655,479 | | |
CJ CheilJedang Corp. | | | | | 47 | | | | | | 13,374 | | |
CJ Corp. | | | | | 84 | | | | | | 9,213 | | |
CJ ENM Co., Ltd. | | | | | 62 | | | | | | 12,727 | | |
CJ Logistics Corp.(a) | | | | | 46 | | | | | | 6,707 | | |
Coway Co., Ltd. | | | | | 459 | | | | | | 38,213 | | |
Daelim Industrial Co., Ltd. | | | | | 160 | | | | | | 13,588 | | |
Daewoo Engineering & Construction Co., Ltd.(a) | | | | | 954 | | | | | | 4,270 | | |
DB Insurance Co., Ltd. | | | | | 284 | | | | | | 17,189 | | |
DGB Financial Group, Inc. | | | | | 970 | | | | | | 6,982 | | |
Doosan Bobcat, Inc. | | | | | 201 | | | | | | 5,472 | | |
E-MART, Inc. | | | | | 120 | | | | | | 18,183 | | |
Fila Korea Ltd. | | | | | 320 | | | | | | 21,989 | | |
GS Engineering & Construction Corp. | | | | | 288 | | | | | | 10,809 | | |
GS Holdings Corp. | | | | | 293 | | | | | | 13,629 | | |
GS Retail Co., Ltd. | | | | | 155 | | | | | | 5,346 | | |
Hana Financial Group, Inc. | | | | | 2,087 | | | | | | 66,925 | | |
Hankook Tire Co., Ltd. | | | | | 426 | | | | | | 14,055 | | |
Hanmi Pharm Co., Ltd. | | | | | 36 | | | | | | 14,462 | | |
Hanmi Science Co., Ltd. | | | | | 74 | | | | | | 5,046 | | |
Hanon Systems | | | | | 1,072 | | | | | | 10,719 | | |
Hanwha Chemical Corp. | | | | | 615 | | | | | | 11,324 | | |
Hanwha Corp. | | | | | 237 | | | | | | 6,347 | | |
Hanwha Life Insurance Co., Ltd. | | | | | 1,744 | | | | | | 6,146 | | |
HDC Hyundai Development Co-Engineering & Construction | | | | | 202 | | | | | | 9,022 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
HLB, Inc.(a) | | | | | 361 | | | | | $ | 25,443 | | |
Hotel Shilla Co., Ltd. | | | | | 180 | | | | | | 15,128 | | |
Hyundai Department Store Co., Ltd. | | | | | 81 | | | | | | 7,207 | | |
Hyundai Engineering & Construction Co., Ltd. | | | | | 447 | | | | | | 21,029 | | |
Hyundai Glovis Co., Ltd. | | | | | 108 | | | | | | 12,226 | | |
Hyundai Heavy Industries Co., Ltd.(a) | | | | | 210 | | | | | | 22,016 | | |
Hyundai Heavy Industries Holdings Co., Ltd. | | | | | 56 | | | | | | 16,429 | | |
Hyundai Marine & Fire Insurance Co., Ltd. | | | | | 359 | | | | | | 11,987 | | |
Hyundai Mobis Co., Ltd. | | | | | 471 | | | | | | 86,515 | | |
Hyundai Motor Co. | | | | | 1,054 | | | | | | 110,962 | | |
Hyundai Steel Co. | | | | | 459 | | | | | | 18,156 | | |
Industrial Bank of Korea | | | | | 1,446 | | | | | | 17,898 | | |
Kakao Corp. | | | | | 262 | | | | | | 23,890 | | |
Kangwon Land, Inc. | | | | | 675 | | | | | | 19,029 | | |
KB Financial Group, Inc. | | | | | 2,701 | | | | | | 99,583 | | |
KCC Corp. | | | | | 33 | | | | | | 9,260 | | |
Kia Motors Corp. | | | | | 3,542 | | | | | | 110,307 | | |
Korea Aerospace Industries Ltd. | | | | | 419 | | | | | | 13,049 | | |
Korea Electric Power Corp.(a) | | | | | 2,166 | | | | | | 57,055 | | |
Korea Gas Corp. | | | | | 159 | | | | | | 6,317 | | |
Korea Investment Holdings Co., Ltd. | | | | | 240 | | | | | | 13,130 | | |
Korea Zinc Co., Ltd. | | | | | 49 | | | | | | 20,073 | | |
Korean Air Lines Co., Ltd. | | | | | 272 | | | | | | 7,632 | | |
KT Corp. | | | | | 180 | | | | | | 4,345 | | |
KT&G Corp. | | | | | 855 | | | | | | 77,960 | | |
Kumho Petrochemical Co., Ltd. | | | | | 105 | | | | | | 8,806 | | |
LG Chem Ltd. | | | | | 319 | | | | | | 102,858 | | |
LG Corp. | | | | | 544 | | | | | | 37,142 | | |
LG Display Co., Ltd.(a) | | | | | 1,334 | | | | | | 22,917 | | |
LG Electronics, Inc. | | | | | 863 | | | | | | 57,097 | | |
LG Household & Health Care Ltd. | | | | | 63 | | | | | | 78,646 | | |
LG Innotek Co., Ltd. | | | | | 81 | | | | | | 8,385 | | |
LG Uplus Corp. | | | | | 1,341 | | | | | | 18,253 | | |
Lotte Chemical Corp. | | | | | 98 | | | | | | 25,081 | | |
Lotte Corp. | | | | | 167 | | | | | | 7,268 | | |
Lotte Shopping Co., Ltd. | | | | | 65 | | | | | | 10,193 | | |
Medy-Tox, Inc. | | | | | 24 | | | | | | 12,344 | | |
Mirae Asset Daewoo Co., Ltd. | | | | | 2,293 | | | | | | 14,807 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
NAVER Corp. | | | | | 960 | | | | | $ | 104,872 | | |
NCSoft Corp. | | | | | 258 | | | | | | 112,737 | | |
Netmarble Corp.(a) | | | | | 146 | | | | | | 16,078 | | |
NH Investment & Securities Co., Ltd. | | | | | 807 | | | | | | 9,562 | | |
OCI Co., Ltd. | | | | | 103 | | | | | | 8,430 | | |
Orange Life Insurance Ltd. | | | | | 188 | | | | | | 5,962 | | |
Orion Corp/Republic of Korea | | | | | 125 | | | | | | 11,012 | | |
Ottogi Corp. | | | | | 7 | | | | | | 4,755 | | |
Pan Ocean Co., Ltd.(a) | | | | | 1,380 | | | | | | 4,997 | | |
Pearl Abyss Corp.(a) | | | | | 32 | | | | | | 4,736 | | |
POSCO | | | | | 520 | | | | | | 115,902 | | |
Posco International Corp. | | | | | 283 | | | | | | 4,425 | | |
S-1 Corp. | | | | | 98 | | | | | | 8,677 | | |
S-Oil Corp. | | | | | 258 | | | | | | 20,365 | | |
Samsung Biologics Co., Ltd.(a) | | | | | 95 | | | | | | 26,740 | | |
Samsung C&T Corp. | | | | | 1,191 | | | | | | 112,269 | | |
Samsung Card Co., Ltd. | | | | | 166 | | | | | | 5,031 | | |
Samsung Electro-Mechanics Co., Ltd. | | | | | 479 | | | | | | 44,098 | | |
Samsung Electronics Co., Ltd. | | | | | 35,459 | | | | | | 1,394,806 | | |
Samsung Electronics Co., Ltd., GDR | | | | | 2,223 | | | | | | 2,180,763 | | |
Samsung Engineering Co., Ltd.(a) | | | | | 900 | | | | | | 12,765 | | |
Samsung Fire & Marine Insurance Co., Ltd. | | | | | 421 | | | | | | 111,639 | | |
Samsung Heavy Industries Co., Ltd.(a) | | | | | 2,221 | | | | | | 16,162 | | |
Samsung Life Insurance Co., Ltd. | | | | | 402 | | | | | | 29,784 | | |
Samsung SDI Co., Ltd. | | | | | 380 | | | | | | 71,809 | | |
Samsung SDS Co., Ltd. | | | | | 200 | | | | | | 41,406 | | |
Samsung Securities Co., Ltd. | | | | | 359 | | | | | | 10,532 | | |
Shinhan Financial Group Co., Ltd. | | | | | 2,920 | | | | | | 108,043 | | |
Shinsegae, Inc. | | | | | 42 | | | | | | 12,488 | | |
SillaJen, Inc.(a) | | | | | 293 | | | | | | 16,598 | | |
SK Holdings Co., Ltd. | | | | | 495 | | | | | | 117,961 | | |
SK Hynix, Inc. | | | | | 4,048 | | | | | | 264,612 | | |
SK Innovation Co., Ltd. | | | | | 447 | | | | | | 70,687 | | |
SK Materials Co., Ltd. | | | | | 4,593 | | | | | | 686,259 | | |
SK Telecom Co., Ltd. | | | | | 116 | | | | | | 25,702 | | |
ViroMed Co., Ltd.(a) | | | | | 78 | | | | | | 19,227 | | |
Woori Financial Group, Inc. | | | | | 2,715 | | | | | | 32,888 | | |
Yuhan Corp. | | | | | 51 | | | | | | 10,783 | | |
Total South Korea | | | | | | | | | | | 8,284,544 | | |
|
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SPAIN – 1.5% | | ||||||||||||
Abertis Infraestructuras S.A.(a) | | | | | 3,711 | | | | | $ | 76,429 | | |
ACS Actividades de Construccion y Servicios S.A. | | | | | 1,796 | | | | | | 78,894 | | |
Aena SME S.A. | | | | | 452 | | | | | | 81,379 | | |
Amadeus IT Group S.A. | | | | | 3,518 | | | | | | 281,767 | | |
Banco Bilbao Vizcaya Argentaria S.A. | | | | | 162,278 | | | | | | 927,106 | | |
Banco de Sabadell S.A. | | | | | 39,184 | | | | | | 39,023 | | |
Banco Santander S.A. | | | | | 118,413 | | | | | | 550,513 | | |
Bankia S.A. | | | | | 10,032 | | | | | | 25,995 | | |
Bankinter S.A. | | | | | 5,028 | | | | | | 38,297 | | |
CaixaBank S.A. | | | | | 23,253 | | | | | | 72,618 | | |
Enagas S.A. | | | | | 1,727 | | | | | | 50,253 | | |
Endesa S.A. | | | | | 2,359 | | | | | | 60,175 | | |
Ferrovial S.A. | | | | | 3,472 | | | | | | 81,322 | | |
Grifols S.A. | | | | | 2,079 | | | | | | 58,210 | | |
Iberdrola S.A. | | | | | 42,744 | | | | | | 375,242 | | |
Industria de Diseno Textil S.A. | | | | | 8,814 | | | | | | 259,042 | | |
Mapfre S.A. | | | | | 10,164 | | | | | | 28,002 | | |
Naturgy Energy Group S.A. | | | | | 2,492 | | | | | | 69,689 | | |
Red Electrica Corp. S.A. | | | | | 66,820 | | | | | | 1,424,152 | | |
Repsol S.A. | | | | | 9,434 | | | | | | 161,490 | | |
Siemens Gamesa Renewable Energy S.A.(a) | | | | | 2,149 | | | | | | 34,219 | | |
Telefonica S.A. | | | | | 37,478 | | | | | | 314,004 | | |
Total Spain | | | | | | | | | | | 5,087,821 | | |
SWEDEN – 3.1% | | ||||||||||||
Ahlstrom-Munksjo Oyj | | | | | 45,728 | | | | | | 700,695 | | |
Alfa Laval AB | | | | | 2,085 | | | | | | 47,857 | | |
Assa Abloy AB, Class B | | | | | 134,776 | | | | | | 2,909,398 | | |
Atlas Copco AB, Class A | | | | | 4,803 | | | | | | 128,970 | | |
Atlas Copco AB, Class B | | | | | 2,589 | | | | | | 64,075 | | |
Avanza Bank Holding AB | | | | | 15,021 | | | | | | 644,637 | | |
BioGaia AB, Class B | | | | | 17,848 | | | | | | 874,422 | | |
Boliden AB | | | | | 2,928 | | | | | | 83,331 | | |
Cloetta AB, Class B | | | | | 271,981 | | | | | | 702,090 | | |
Electrolux AB, Series B | | | | | 1,916 | | | | | | 49,233 | | |
Epiroc AB, Class A(a) | | | | | 126,626 | | | | | | 1,278,341 | | |
Epiroc AB, Class B(a) | | | | | 2,089 | | | | | | 19,997 | | |
Essity AB, Class B | | | | | 4,342 | | | | | | 125,207 | | |
Hennes & Mauritz AB, Class B | | | | | 6,016 | | | | | | 100,296 | | |
Hexagon AB, Class B | | | | | 1,689 | | | | | | 88,108 | | |
Husqvarna AB, Class B | | | | | 4,077 | | | | | | 33,301 | | |
IAR Systems Group AB | | | | | 31,747 | | | | | | 887,808 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SWEDEN – (continued) | | ||||||||||||
ICA Gruppen AB | | | | | 431 | | | | | $ | 17,291 | | |
Industrivarden AB, Class C | | | | | 894 | | | | | | 18,727 | | |
Investor AB, Class B | | | | | 4,211 | | | | | | 189,641 | | |
Kinnevik AB, Class B | | | | | 1,892 | | | | | | 49,003 | | |
L E Lundbergforetagen AB, Class B | | | | | 537 | | | | | | 16,981 | | |
Lundin Petroleum AB | | | | | 1,625 | | | | | | 55,021 | | |
Sandvik AB | | | | | 7,168 | | | | | | 116,417 | | |
Securitas AB, Class B | | | | | 2,506 | | | | | | 40,498 | | |
Skandinaviska Enskilda Banken AB, Class A | | | | | 10,640 | | | | | | 92,103 | | |
Skanska AB, Class B | | | | | 2,713 | | | | | | 49,286 | | |
SKF AB, Class B | | | | | 2,022 | | | | | | 33,579 | | |
Svenska Handelsbanken AB, Class A | | | | | 13,842 | | | | | | 146,053 | | |
Swedbank AB, Class A | | | | | 6,384 | | | | | | 90,192 | | |
Swedish Match AB | | | | | 1,549 | | | | | | 78,955 | | |
Tele2 AB, Class B | | | | | 3,608 | | | | | | 48,062 | | |
Telefonaktiebolaget LM Ericsson, Class B | | | | | 21,437 | | | | | | 196,955 | | |
Telia Co. AB | | | | | 20,356 | | | | | | 91,848 | | |
Thule Group AB | | | | | 32,436 | | | | | | 732,638 | | |
Volvo AB, Class B | | | | | 10,555 | | | | | | 163,480 | | |
Total Sweden | | | | | | | | | | | 10,964,496 | | |
SWITZERLAND – 5.8% | | ||||||||||||
ABB Ltd. | | | | | 15,812 | | | | | | 297,105 | | |
Adecco Group AG | | | | | 1,132 | | | | | | 60,388 | | |
Baloise Holding AG | | | | | 360 | | | | | | 59,473 | | |
Barry Callebaut AG | | | | | 19 | | | | | | 34,308 | | |
Bobst Group S.A. | | | | | 10,575 | | | | | | 639,863 | | |
Burckhardt Compression Holding AG | | | | | 2,215 | | | | | | 602,827 | | |
Chocoladefabriken Lindt & Spruengli AG Participation Certificates | | | | | 8 | | | | | | 54,391 | | |
Chocoladefabriken Lindt & Spruengli AG | | | | | 1 | | | | | | 78,232 | | |
Cie Financiere Richemont S.A. | | | | | 4,309 | | | | | | 313,909 | | |
Clariant AG(a) | | | | | 1,644 | | | | | | 34,556 | | |
Coca-Cola HBC AG(a) | | | | | 1,478 | | | | | | 50,339 | | |
Credit Suisse Group AG(a) | | | | | 17,800 | | | | | | 207,451 | | |
Dufry AG(a) | | | | | 370 | | | | | | 38,867 | | |
EMS-Chemie Holding AG | | | | | 65 | | | | | | 35,250 | | |
Ferguson PLC | | | | | 19,952 | | | | | | 1,269,179 | | |
Geberit AG | | | | | 367 | | | | | | 150,007 | | |
Givaudan S.A. | | | | | 68 | | | | | | 173,730 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
SWITZERLAND – (continued) | | ||||||||||||
Glencore PLC(a) | | | | | 79,078 | | | | | $ | 327,473 | | |
Gurit Holding AG | | | | | 835 | | | | | | 780,703 | | |
Julius Baer Group Ltd.(a) | | | | | 10,591 | | | | | | 427,894 | | |
Kuehne + Nagel International AG | | | | | 388 | | | | | | 53,227 | | |
LafargeHolcim Ltd.(a) | | | | | 4,610 | | | | | | 227,734 | | |
LEM Holding S.A. | | | | | 616 | | | | | | 791,845 | | |
Lonza Group AG(a) | | | | | 523 | | | | | | 162,192 | | |
Nestle S.A. | | | | | 22,402 | | | | | | 2,135,024 | | |
Novartis AG | | | | | 66,258 | | | | | | 6,373,278 | | |
Pargesa Holding S.A. | | | | | 353 | | | | | | 27,652 | | |
Partners Group Holding AG | | | | | 208 | | | | | | 151,235 | | |
Roche Holding AG | | | | | 5,195 | | | | | | 1,431,331 | | |
Schindler Holding AG Participation Certificates | | | | | 288 | | | | | | 59,697 | | |
Schindler Holding AG | | | | | 168 | | | | | | 34,756 | | |
SGS S.A. | | | | | 55 | | | | | | 136,872 | | |
Sika AG | | | | | 925 | | | | | | 129,217 | | |
Sonova Holding AG | | | | | 386 | | | | | | 76,367 | | |
STMicroelectronics N.V. | | | | | 4,612 | | | | | | 68,109 | | |
Straumann Holding AG | | | | | 75 | | | | | | 61,198 | | |
Swatch Group AG (The) | | | | | 835 | | | | | | 134,863 | | |
Swiss Life Holding AG | | | | | 231 | | | | | | 101,726 | | |
Swiss Prime Site AG(a) | | | | | 539 | | | | | | 47,228 | | |
Swiss Re AG | | | | | 2,112 | | | | | | 206,332 | | |
Swisscom AG | | | | | 176 | | | | | | 86,078 | | |
Temenos AG(a) | | | | | 500 | | | | | | 73,713 | | |
UBS Group AG(a) | | | | | 89,972 | | | | | | 1,090,597 | | |
Valiant Holding AG | | | | | 6,543 | | | | | | 751,714 | | |
Vifor Pharma AG | | | | | 335 | | | | | | 45,300 | | |
Zurich Insurance Group AG | | | | | 1,145 | | | | | | 379,003 | | |
Total Switzerland | | | | | | | | | | | 20,472,233 | | |
TAIWAN – 2.7% | | ||||||||||||
Acer, Inc. | | | | | 19,000 | | | | | | 12,175 | | |
Advantech Co., Ltd. | | | | | 2,000 | | | | | | 16,612 | | |
Airtac International Group | | | | | 1,000 | | | | | | 12,946 | | |
ASE Technology Holding Co., Ltd. | | | | | 20,000 | | | | | | 43,802 | | |
Asia Cement Corp. | | | | | 14,000 | | | | | | 18,215 | | |
Asustek Computer, Inc. | | | | | 4,000 | | | | | | 28,942 | | |
AU Optronics Corp. | | | | | 53,000 | | | | | | 19,518 | | |
Catcher Technology Co., Ltd. | | | | | 4,000 | | | | | | 30,759 | | |
Cathay Financial Holding Co., Ltd. | | | | | 57,000 | | | | | | 83,131 | | |
Chailease Holding Co., Ltd. | | | | | 23,000 | | | | | | 94,028 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – (continued) | | ||||||||||||
Chang Hwa Commercial Bank Ltd. | | | | | 34,320 | | | | | $ | 20,545 | | |
Cheng Shin Rubber Industry Co., Ltd. | | | | | 12,000 | | | | | | 16,333 | | |
Chicony Electronics Co., Ltd. | | | | | 4,000 | | | | | | 9,305 | | |
China Airlines Ltd. | | | | | 22,000 | | | | | | 7,038 | | |
China Development Financial Holding Corp. | | | | | 81,000 | | | | | | 27,070 | | |
China Life Insurance Co., Ltd. | | | | | 17,000 | | | | | | 14,424 | | |
China Steel Corp. | | | | | 93,000 | | | | | | 76,342 | | |
Chunghwa Telecom Co., Ltd. | | | | | 27,000 | | | | | | 95,926 | | |
Compal Electronics, Inc. | | | | | 27,000 | | | | | | 16,776 | | |
CTBC Financial Holding Co., Ltd. | | | | | 121,000 | | | | | | 80,286 | | |
Delta Electronics, Inc. | | | | | 26,000 | | | | | | 134,131 | | |
E.Sun Financial Holding Co., Ltd. | | | | | 141,000 | | | | | | 108,653 | | |
Eclat Textile Co., Ltd. | | | | | 1,000 | | | | | | 13,465 | | |
Eva Airways Corp. | | | | | 17,720 | | | | | | 8,682 | | |
Evergreen Marine Corp. Taiwan Ltd. | | | | | 17,757 | | | | | | 6,885 | | |
Far Eastern New Century Corp. | | | | | 20,000 | | | | | | 19,760 | | |
Far EasTone Telecommunications Co., Ltd. | | | | | 10,000 | | | | | | 24,107 | | |
Feng TAY Enterprise Co., Ltd. | | | | | 2,000 | | | | | | 14,146 | | |
First Financial Holding Co., Ltd. | | | | | 123,580 | | | | | | 84,604 | | |
Formosa Chemicals & Fibre Corp. | | | | | 24,000 | | | | | | 87,215 | | |
Formosa Petrochemical Corp. | | | | | 7,000 | | | | | | 26,233 | | |
Formosa Plastics Corp. | | | | | 30,000 | | | | | | 106,585 | | |
Formosa Taffeta Co., Ltd. | | | | | 7,000 | | | | | | 8,358 | | |
Foxconn Technology Co., Ltd. | | | | | 6,000 | | | | | | 11,973 | | |
Fubon Financial Holding Co., Ltd. | | | | | 46,000 | | | | | | 68,656 | | |
Giant Manufacturing Co., Ltd. | | | | | 2,000 | | | | | | 14,276 | | |
Globalwafers Co., Ltd. | | | | | 1,000 | | | | | | 9,831 | | |
Highwealth Construction Corp. | | | | | 6,000 | | | | | | 9,890 | | |
Hiwin Technologies Corp. | | | | | 1,000 | | | | | | 8,436 | | |
Hon Hai Precision Industry Co., Ltd. | | | | | 94,600 | | | | | | 225,600 | | |
Hotai Motor Co., Ltd. | | | | | 2,000 | | | | | | 24,497 | | |
Hua Nan Financial Holdings Co., Ltd. | | | | | 118,980 | | | | | | 74,892 | | |
Innolux Corp. | | | | | 56,000 | | | | | | 18,170 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – (continued) | | ||||||||||||
Inventec Corp. | | | | | 17,000 | | | | | $ | 12,935 | | |
Largan Precision Co., Ltd. | | | | | 1,000 | | | | | | 149,251 | | |
Lite-On Technology Corp. | | | | | 14,000 | | | | | | 20,373 | | |
MediaTek, Inc. | | | | | 9,000 | | | | | | 82,494 | | |
Mega Financial Holding Co., Ltd. | | | | | 89,000 | | | | | | 81,000 | | |
Merida Industry Co., Ltd. | | | | | 160,000 | | | | | | 892,912 | | |
Micro-Star International Co., Ltd. | | | | | 4,000 | | | | | | 11,226 | | |
Nan Ya Plastics Corp. | | | | | 36,000 | | | | | | 92,159 | | |
Nanya Technology Corp. | | | | | 7,000 | | | | | | 13,945 | | |
Nien Made Enterprise Co., Ltd. | | | | | 1,000 | | | | | | 8,809 | | |
Novatek Microelectronics Corp. | | | | | 4,000 | | | | | | 25,697 | | |
Paiho Shih Holdings Corp. | | | | | 508,000 | | | | | | 702,980 | | |
Pegatron Corp. | | | | | 12,000 | | | | | | 20,752 | | |
Phison Electronics Corp. | | | | | 1,000 | | | | | | 9,799 | | |
Pou Chen Corp. | | | | | 14,000 | | | | | | 17,057 | | |
Powertech Technology, Inc. | | | | | 5,000 | | | | | | 11,810 | | |
President Chain Store Corp. | | | | | 5,000 | | | | | | 49,237 | | |
Quanta Computer, Inc. | | | | | 16,000 | | | | | | 30,006 | | |
Realtek Semiconductor Corp. | | | | | 3,000 | | | | | | 17,715 | | |
Ruentex Development Co., Ltd. | | | | | 4,200 | | | | | | 6,350 | | |
Ruentex Industries Ltd. | | | | | 3,000 | | | | | | 7,875 | | |
Shin Kong Financial Holding Co., Ltd. | | | | | 52,748 | | | | | | 15,540 | | |
Sinmag Equipment Corp. | | | | | 163,000 | | | | | | 634,643 | | |
SinoPac Financial Holdings Co., Ltd. | | | | | 65,280 | | | | | | 24,146 | | |
Standard Foods Corp. | | | | | 4,000 | | | | | | 6,723 | | |
Synnex Technology International Corp. | | | | | 10,000 | | | | | | 12,005 | | |
TaiMed Biologics, Inc.(a) | | | | | 1,000 | | | | | | 5,451 | | |
Taishin Financial Holding Co., Ltd. | | | | | 59,527 | | | | | | 27,136 | | |
Taiwan Business Bank | | | | | 29,120 | | | | | | 11,338 | | |
Taiwan Cement Corp. | | | | | 25,000 | | | | | | 33,460 | | |
Taiwan Cooperative Financial Holding Co., Ltd. | | | | | 124,530 | | | | | | 78,790 | | |
Taiwan High Speed Rail Corp. | | | | | 14,000 | | | | | | 16,353 | | |
Taiwan Mobile Co., Ltd. | | | | | 10,000 | | | | | | 36,177 | | |
Taiwan Semiconductor Manufacturing Co., Ltd. | | | | | 185,000 | | | | | | 1,473,613 | | |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | | | | | 32,600 | | | | | | 1,335,296 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
TAIWAN – (continued) | | ||||||||||||
Tatung Co., Ltd.(a) | | | | | 12,000 | | | | | $ | 9,461 | | |
Tong Yang Industry Co., Ltd. | | | | | 507,000 | | | | | | 650,601 | | |
TOPBI International Holdings Ltd. | | | | | 254,900 | | | | | | 717,877 | | |
Uni-President Enterprises Corp. | | | | | 33,000 | | | | | | 80,090 | | |
United Microelectronics Corp. | | | | | 70,000 | | | | | | 26,460 | | |
Vanguard International Semiconductor Corp. | | | | | 6,000 | | | | | | 12,946 | | |
Walsin Technology Corp. | | | | | 2,000 | | | | | | 12,978 | | |
Win Semiconductors Corp. | | | | | 2,000 | | | | | | 14,114 | | |
Winbond Electronics Corp. | | | | | 20,000 | | | | | | 9,572 | | |
Wistron Corp. | | | | | 17,000 | | | | | | 13,072 | | |
WPG Holdings Ltd. | | | | | 10,120 | | | | | | 13,200 | | |
Yageo Corp. | | | | | 2,000 | | | | | | 20,960 | | |
Yuanta Financial Holding Co., Ltd. | | | | | 167,000 | | | | | | 95,094 | | |
Zhen Ding Technology Holding Ltd. | | | | | 3,000 | | | | | | 9,315 | | |
Total Taiwan | | | | | | | | | | | 9,494,011 | | |
THAILAND – 0.8% | | ||||||||||||
Advanced Info Service PCL | | | | | 5,600 | | | | | | 32,469 | | |
Airports of Thailand PCL | | | | | 31,100 | | | | | | 66,639 | | |
Bangkok Bank PCL | | | | | 1,300 | | | | | | 8,480 | | |
Bangkok Dusit Medical Services PCL | | | | | 20,700 | | | | | | 16,176 | | |
Bangkok Expressway & Metro PCL | | | | | 40,100 | | | | | | 12,762 | | |
Banpu PCL | | | | | 11,100 | | | | | | 5,666 | | |
Berli Jucker PCL | | | | | 6,400 | | | | | | 9,983 | | |
BTS Group Holdings PCL | | | | | 31,300 | | | | | | 10,849 | | |
Bumrungrad Hospital PCL | | | | | 1,900 | | | | | | 10,747 | | |
Central Pattana PCL | | | | | 7,200 | | | | | | 16,619 | | |
Charoen Pokphand Foods PCL | | | | | 16,100 | | | | | | 12,937 | | |
CP ALL PCL | | | | | 35,600 | | | | | | 83,854 | | |
Delta Electronics Thailand PCL | | | | | 2,700 | | | | | | 6,041 | | |
Energy Absolute PCL | | | | | 6,000 | | | | | | 9,075 | | |
Glow Energy PCL | | | | | 2,700 | | | | | | 7,742 | | |
Home Product Center PCL | | | | | 21,100 | | | | | | 10,173 | | |
Indorama Ventures PCL | | | | | 61,100 | | | | | | 95,785 | | |
IRPC PCL | | | | | 53,600 | | | | | | 9,712 | | |
Kasikornbank PCL | | | | | 3,600 | | | | | | 21,270 | | |
Kasikornbank PCL | | | | | 137,000 | | | | | | 809,437 | | |
Krung Thai Bank PCL | | | | | 102,200 | | | | | | 61,832 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – (continued) | | ||||||||||||
THAILAND – (continued) | | ||||||||||||
Minor International PCL | | | | | 12,100 | | | | | $ | 14,870 | | |
PTT Exploration & Production PCL | | | | | 7,400 | | | | | | 29,264 | | |
PTT Global Chemical PCL | | | | | 12,100 | | | | | | 25,641 | | |
PTT PCL | | | | | 71,200 | | | | | | 107,692 | | |
Robinson PCL | | | | | 2,700 | | | | | | 4,998 | | |
Sahamitr Pressure Container PCL | | | | | 1,798,500 | | | | | | 606,395 | | |
Siam Cement PCL (The) | | | | | 5,500 | | | | | | 83,536 | | |
Siam Commercial Bank PCL (The) | | | | | 13,000 | | | | | | 54,073 | | |
Thai Oil PCL | | | | | 6,000 | | | | | | 13,140 | | |
Thai Union Group PCL | | | | | 10,200 | | | | | | 6,203 | | |
True Corp. PCL | | | | | 53,600 | | | | | | 8,040 | | |
Vanachai Group PCL | | | | | 3,272,691 | | | | | | 577,503 | | |
Total Thailand | | | | | | | | | | | 2,849,603 | | |
TURKEY – 0.1% | | ||||||||||||
Akbank Turk A/S(a) | | | | | 25,955 | | | | | | 29,421 | | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S | | | | | 3,037 | | | | | | 9,538 | | |
Arcelik A/S(a) | | | | | 3,597 | | | | | | 10,903 | | |
Aselsan Elektronik Sanayi Ve Ticaret A/S | | | | | 3,581 | | | | | | 13,667 | | |
BIM Birlesik Magazalar A/S | | | | | 1,857 | | | | | | 25,379 | | |
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | | | | | 10,170 | | | | | | 2,791 | | |
Eregli Demir ve Celik Fabrikalari TAS | | | | | 13,918 | | | | | | 22,766 | | |
Ford Otomotiv Sanayi A/S | | | | | 1,143 | | | | | | 10,000 | | |
Haci Omer Sabanci Holding A/S | | | | | 10,785 | | | | | | 15,165 | | |
KOC Holding A/S | | | | | 7,454 | | | | | | 21,511 | | |
Petkim Petrokimya Holding A/S | | | | | 19,800 | | | | | | 16,123 | | |
TAV Havalimanlari Holding A/S | | | | | 5,000 | | | | | | 20,931 | | |
Tupras Turkiye Petrol Rafinerileri A/S | | | | | 1,120 | | | | | | 25,070 | | |
Turk Hava Yollari AO(a) | | | | | 5,879 | | | | | | 13,634 | | |
Turkcell Iletisim Hizmetleri A/S | | | | | 10,273 | | | | | | 22,276 | | |
Turkiye Garanti Bankasi A/S | | | | | 20,042 | | | | | | 29,979 | | |
Turkiye Halk Bankasi A/S | | | | | 8,929 | | | | | | 10,217 | | |
Turkiye Is Bankasi A/S | | | | | 19,072 | | | | | | 18,814 | | |
Turkiye Sise ve Cam Fabrikalari A/S | | | | | 18,000 | | | | | | 18,822 | | |
Total Turkey | | | | | | | | | | | 337,007 | | |
|
Investments | | | Shares | | | Value | | | | ||||||||||
COMMON STOCKS – (continued) | | | | ||||||||||||||||
UNITED ARAB EMIRATES – 0.1% | | | | ||||||||||||||||
Abu Dhabi Commercial Bank PJSC | | | | | 16,921 | | | | | $ | 43,671 | | | | | ||||
Aldar Properties PJSC | | | | | 46,778 | | | | | | 23,051 | | | | | ||||
DAMAC Properties Dubai Co. PJSC | | | | | 9,715 | | | | | | 3,571 | | | | | ||||
DP World PLC | | | | | 2,833 | | | | | | 45,328 | | | | | ||||
Dubai Islamic Bank PJSC | | | | | 41,336 | | | | | | 55,142 | | | | | ||||
Emaar Malls PJSC | | | | | 10,450 | | | | | | 4,950 | | | | | ||||
Emaar Properties PJSC | | | | | 30,852 | | | | | | 39,309 | | | | | ||||
Emirates Telecommunications Group Co. PJSC | | | | | 22,093 | | | | | | 100,446 | | | | | ||||
First Abu Dhabi Bank PJSC | | | | | 28,553 | | | | | | 118,623 | | | | | ||||
NMC Health PLC | | | | | 808 | | | | | | 24,036 | | | | | ||||
Total United Arab Emirates | | | | | | | | | | | 458,127 | | | | | ||||
UNITED STATES – 0.4% | | | | ||||||||||||||||
Bausch Health Cos., Inc.(a) | | | | | 2,400 | | | | | | 59,212 | | | | | ||||
Carnival PLC | | | | | 1,237 | | | | | | 60,659 | | | | | ||||
International Flavors & Fragrances, Inc. | | | | | 1 | | | | | | 70 | | | | | ||||
Nexteer Automotive Group Ltd. | | | | | 5,000 | | | | | | 6,178 | | | | | ||||
Schlumberger Ltd. | | | | | 9,600 | | | | | | 418,272 | | | | | ||||
Sensata Technologies Holding PLC(a) | | | | | 18,700 | | | | | | 841,874 | | | | | ||||
Total United States | | | | | | | | | | | 1,386,265 | | | | | ||||
TOTAL COMMON STOCKS (Cost: $348,624,900) | | | | | | | | | | | 330,218,202 | | | | | ||||
PREFERRED STOCKS – 1.0% | | | | | | | | ||||||||||||
BRAZIL – 0.3% | | | | ||||||||||||||||
Banco Bradesco S.A., 2.82% | | | | | 22,600 | | | | | | 247,856 | | | | | ||||
Braskem S.A., 3.84%, Class A | | | | | 1,600 | | | | | | 20,800 | | | | | ||||
Centrais Eletricas Brasileiras S.A., Class B(a) | | | | | 2,700 | | | | | | 26,108 | | | | | ||||
Cia Brasileira de Distribuicao, 1.95% | | | | | 1,200 | | | | | | 28,031 | | | | | ||||
Cia Energetica de Minas Gerais, 4.66% | | | | | 8,200 | | | | | | 29,111 | | | | | ||||
Gerdau S.A., 3.01% | | | | | 7,600 | | | | | | 29,388 | | | | | ||||
Itau Unibanco Holding S.A., 4.46% | | | | | 33,350 | | | | | | 293,267 | | | | | ||||
Itausa – Investimentos Itau S.A., 3.59% | | | | | 28,470 | | | | | | 87,111 | | | | | ||||
Lojas Americanas S.A., 0.50% | | | | | 5,800 | | | | | | 24,842 | | | | | ||||
Petroleo Brasileiro S.A., 3.37% | | | | | 26,300 | | | | | | 188,483 | | | | | ||||
Telefonica Brasil S.A., 10.11% | | | | | 3,100 | | | | | | 37,609 | | | | | ||||
Total Brazil | | | | | | | | | | | 1,012,606 | | | | | ||||
|
Investments | | | Shares | | | Value | | ||||||
PREFERRED STOCKS – (continued) | | ||||||||||||
CHILE – 0.0%(b) | | ||||||||||||
Embotelladora Andina S.A., 3.82%, Class B | | | | | 10,562 | | | | | $ | 38,569 | | |
Sociedad Quimica y Minera de Chile S.A., 5.16%, Class B | | | | | 919 | | | | | | 35,314 | | |
Total Chile | | | | | | | | | | | 73,883 | | |
COLOMBIA – 0.0%(b) | | ||||||||||||
Bancolombia S.A., 2.50% | | | | | 3,060 | | | | | | 38,778 | | |
Grupo Aval Acciones y Valores S.A., 3.77% | | | | | 36,414 | | | | | | 14,106 | | |
Grupo de Inversiones Suramericana S.A., 1.57% | | | | | 1,128 | | | | | | 12,171 | | |
Total Colombia | | | | | | | | | | | 65,055 | | |
GERMANY – 0.6% | | ||||||||||||
Bayerische Motoren Werke AG, 5.96% | | | | | 454 | | | | | | 29,844 | | |
Fuchs Petrolub SE, 2.31% | | | | | 572 | | | | | | 23,548 | | |
Henkel AG & Co. KGaA, 2.10% | | | | | 1,257 | | | | | | 128,314 | | |
Porsche Automobil Holding SE, 2.78% | | | | | 1,143 | | | | | | 71,724 | | |
Sartorius AG, 0.41% | | | | | 283 | | | | | | 48,539 | | |
Volkswagen AG, 2.46% | | | | | 11,879 | | | | | | 1,869,802 | | |
Total Germany | | | | | | | | | | | 2,171,771 | | |
SOUTH KOREA – 0.1% | | ||||||||||||
Amorepacific Corp., 0.92% | | | | | 51 | | | | | | 4,807 | | |
CJ Corp.(a) | | | | | 12 | | | | | | 388 | | |
Hyundai Motor Co., 2nd Preference. 4.77% | | | | | 216 | | | | | | 14,519 | | |
Hyundai Motor Co., 5.22% | | | | | 137 | | | | | | 8,352 | | |
LG Chem Ltd., 2.91% | | | | | 44 | | | | | | 8,063 | | |
Investments | | | Shares | | | Value | | ||||||
PREFERRED STOCKS – (continued) | | ||||||||||||
SOUTH KOREA – (continued) | | ||||||||||||
LG Household & Health Care Ltd., 1.13% | | | | | 12 | | | | | $ | 8,838 | | |
Samsung Electronics Co., Ltd., 2.88% | | | | | 7,058 | | | | | | 225,401 | | |
Total South Korea | | | | | | | | | | | 270,368 | | |
TOTAL PREFERRED STOCKS (Cost: $3,890,077) | | | | | 3,593,683 | | | ||||||
SHORT-TERM INVESTMENTS – 4.0% | | ||||||||||||
State Street Institutional Treasury Money Market Fund – Investor Class Shares, 2.27% (Cost $14,024,708)(c) | | | | | 14,024,708 | | | | | | 14,024,708 | | |
TOTAL INVESTMENTS – 99.1% (Cost: $366,539,685) | | | | | 347,836,593 | | | ||||||
OTHER ASSETS AND LIABILITIES, NET – 0.9% | | | | | | | | | | | 3,251,542 | | |
NET ASSETS – 100.0% | | | | | | | | | | $ | 351,088,135 | | |
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/Net Unrealized Appreciation (Depreciation) | | |||||||||||||||
CONTRACTS PURCHASED – 2.2% | | ||||||||||||||||||||||||||||||
MSCI EAFE Index | | | | | Long | | | | | | 2,550 | | | | | | 06/21/2019 | | | | | $ | 4,759,320 | | | | | $ | 70,605 | | |
MSCI Emerging Markets Index | | | | | Long | | | | | | 2,650 | | | | | | 06/21/2019 | | | | | | 2,802,110 | | | | | | 9,467 | | |
Total | | | �� | | | | | | | | | | | | | | | | | | | | | | | | | $ | 80,072 | | |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
PFM Multi-Manager International Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 330,218,202 | | | | | $ | — | | | | | $ | — | | | | | $ | 330,218,202 | | |
Preferred Stocks | | | | | 3,593,683 | | | | | | — | | | | | | — | | | | | | 3,593,683 | | |
Money Market Fund | | | | | 14,024,708 | | | | | | — | | | | | | — | | | | | | 14,024,708 | | |
Total Investments in Securities | | | | $ | 347,836,593 | | | | | $ | — | | | | | $ | — | | | | | $ | 347,836,593 | | |
Other Financial Instruments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures Contracts(a) | | | | $ | 80,072 | | | | | $ | — | | | | | $ | — | | | | | $ | 80,072 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – 42.7% | | ||||||||||||
BASIC MATERIALS – 1.6% | | ||||||||||||
Alcoa Nederland Holding B.V., 6.13%, 5/15/28(a) | | | | $ | 200,000 | | | | | $ | 206,000 | | |
Aleris International, Inc., Secured Note, 10.75%, 7/15/23(a) | | | | | 125,000 | | | | | | 131,250 | | |
Alpha 3 B.V./Alpha US Bidco, Inc., 6.25%, 2/1/25(a) | | | | | 200,000 | | | | | | 193,000 | | |
Anglo American Capital PLC, 4.00%, 9/11/27(a) | | | | | 200,000 | | | | | | 194,586 | | |
Baffinland Iron Mines Corp./Baffinland Iron Mines L.P., Senior Secured Note, 8.75%, 7/15/26(a) | | | | | 50,000 | | | | | | 50,191 | | |
Big River Steel LLC/BRS Finance Corp., Senior Secured Note, 7.25%, 9/1/25(a) | | | | | 100,000 | | | | | | 104,530 | | |
Blue Cube Spinco LLC, 10.00%, 10/15/25 | | | | | 111,000 | | | | | | 126,990 | | |
CF Industries, Inc., 4.95%, 6/1/43 | | | | | 25,000 | | | | | | 21,438 | | |
CF Industries, Inc., 5.38%, 3/15/44 | | | | | 100,000 | | | | | | 90,125 | | |
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. L.P., Senior Note, 3.30%, 5/1/23(a) | | | | | 157,000 | | | | | | 158,775 | | |
Cleveland-Cliffs, Inc., 5.75%, 3/1/25 | | | | | 225,000 | | | | | | 215,437 | | |
CNAC HK Finbridge Co., Ltd., 3.50%, 7/19/22(b) | | | | | 340,000 | | | | | | 339,880 | | |
Coeur Mining, Inc., 5.88%, 6/1/24 | | | | | 125,000 | | | | | | 120,312 | | |
Commercial Metals Co., 5.38%, 7/15/27 | | | | | 150,000 | | | | | | 144,375 | | |
Consolidated Energy Finance S.A., Senior Note, 6.50%, 5/15/26(a) | | | | | 200,000 | | | | | | 199,000 | | |
Domtar Corp., 6.75%, 2/15/44 | | | | | 351,000 | | | | | | 364,321 | | |
Dow Chemical Co. (The), 5.55%, 11/30/48(a) | | | | | 168,000 | | | | | | 188,918 | | |
DowDuPont, Inc., Senior Bond, 5.42%, 11/15/48 | | | | | 259,000 | | | | | | 294,089 | | |
DowDuPont, Inc., Senior Note, 3.77%, 11/15/20 | | | | | 65,000 | | | | | | 66,130 | | |
DowDuPont, Inc., Senior Note, 4.73%, 11/15/28 | | | | | 261,000 | | | | | | 281,880 | | |
Element Solutions, Inc., 5.88%, 12/1/25(a) | | | | | 100,000 | | | | | | 100,360 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
BASIC MATERIALS – (continued) | | ||||||||||||
First Quantum Minerals Ltd., 6.50%, 3/1/24(a) | | | | $ | 200,000 | | | | | $ | 188,000 | | |
First Quantum Minerals Ltd., 6.88%, 3/1/26(a) | | | | | 200,000 | | | | | | 185,500 | | |
Freeport-McMoRan, Inc., 4.00%, 11/14/21 | | | | | 150,000 | | | | | | 150,750 | | |
Freeport-McMoRan, Inc., 5.45%, 3/15/43 | | | | | 175,000 | | | | | | 153,127 | | |
Freeport-McMoRan, Inc., 6.88%, 2/15/23 | | | | | 100,000 | | | | | | 106,000 | | |
Georgia-Pacific LLC, 5.40%, 11/1/20(a) | | | | | 485,000 | | | | | | 504,226 | | |
Glencore Funding LLC, 4.13%, 3/12/24(a) | | | | | 265,000 | | | | | | 267,792 | | |
Hecla Mining Co., 6.88%, 5/1/21 | | | | | 150,000 | | | | | | 150,000 | | |
Hexion, Inc., Secured Note, 13.75%, 2/1/22(a) | | | | | 150,000 | | | | | | 51,750 | | |
Hexion, Inc., Senior Secured Note, 10.38%, 2/1/22(a) | | | | | 50,000 | | | | | | 41,875 | | |
Hexion, Inc./Hexion Nova Scotia Finance ULC, Secured Note, 9.00%, 11/15/20 | | | | | 150,000 | | | | | | 37,500 | | |
Hudbay Minerals, Inc., 7.63%, 1/15/25(a) | | | | | 100,000 | | | | | | 102,500 | | |
International Paper Co., Senior Bond, 4.35%, 8/15/48 | | | | | 500,000 | | | | | | 467,573 | | |
Inversiones CMPC S.A., 4.38%, 4/4/27(a) | | | | | 500,000 | | | | | | 502,693 | | |
Kraton Polymers LLC/Kraton Polymers Capital Corp., 7.00%, 4/15/25(a) | | | | | 75,000 | | | | | | 75,750 | | |
Mercer International, Inc., Senior Note, 6.50%, 2/1/24 | | | | | 100,000 | | | | | | 102,250 | | |
Mercer International, Inc., Senior Note, 7.38%, 1/15/25(a) | | | | | 50,000 | | | | | | 52,500 | | |
Mosaic Co. (The), 5.63%, 11/15/43 | | | | | 96,000 | | | | | | 102,009 | | |
Mosaic Co. (The), Senior Note, 4.05%, 11/15/27 | | | | | 14,000 | | | | | | 13,987 | | |
NOVA Chemicals Corp., Senior Note, 5.25%, 6/1/27(a) | | | | | 100,000 | | | | | | 98,125 | | |
RPM International, Inc., Senior Bond, 4.25%, 1/15/48 | | | | | 24,000 | | | | | | 20,640 | | |
SASOL Financing USA LLC, 5.88%, 3/27/24 | | | | | 200,000 | | | | | | 212,209 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
BASIC MATERIALS – (continued) | | ||||||||||||
Schweitzer-Mauduit International, Inc., 6.88%, 10/1/26(a) | | | | $ | 50,000 | | | | | $ | 50,500 | | |
Southern Copper Corp., Senior Bond, 5.25%, 11/8/42 | | | | | 100,000 | | | | | | 104,210 | | |
Steel Dynamics, Inc., 5.13%, 10/1/21 | | | | | 25,000 | | | | | | 25,219 | | |
Steel Dynamics, Inc., 5.50%, 10/1/24 | | | | | 100,000 | | | | | | 103,250 | | |
Taseko Mines Ltd., Senior Secured Note, 8.75%, 6/15/22(a) | | | | | 100,000 | | | | | | 92,000 | | |
Teck Resources Ltd., 4.75%, 1/15/22 | | | | | 150,000 | | | | | | 153,770 | | |
Teck Resources Ltd., 8.50%, 6/1/24(a) | | | | | 175,000 | | | | | | 187,638 | | |
Teck Resources Ltd., Senior Bond, 6.13%, 10/1/35 | | | | | 250,000 | | | | | | 266,316 | | |
TPC Group, Inc., Senior Secured Note, 8.75%, 12/15/20(a) | | | | | 210,000 | | | | | | 206,850 | | |
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.38%, 9/1/25(a) | | | | | 150,000 | | | | | | 142,125 | | |
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 | | | | | | 97,750 | | |
Valvoline, Inc., 5.50%, 7/15/24 | | | | | 150,000 | | | | | | 152,625 | | |
Venator Finance Sarl/Venator Materials LLC, 5.75%, 7/15/25(a) | | | | | 250,000 | | | | | | 219,375 | | |
Versum Materials, Inc., 5.50%, 9/30/24(a) | | | | | 150,000 | | | | | | 157,687 | | |
Total Basic Materials | | | | | | | | | | | 9,230,408 | | |
COMMUNICATIONS – 3.8% | | ||||||||||||
Altice France S.A., Senior Secured Note, 7.38%, 5/1/26(a) | | | | | 200,000 | | | | | | 196,000 | | |
Altice Luxembourg S.A., 7.75%, 5/15/22(a) | | | | | 400,000 | | | | | | 399,500 | | |
Amazon.com, Inc., 4.80%, 12/5/34 | | | | | 111,000 | | | | | | 129,091 | | |
AMC Networks, Inc., 5.00%, 4/1/24 | | | | | 100,000 | | | | | | 100,490 | | |
Anixter, Inc., 6.00%, 12/1/25(a) | | | | | 25,000 | | | | | | 26,250 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
AT&T, Inc., 3.78%, 6/12/24 (3 month USD LIBOR + 1.18%)(c) | | | | $ | 270,000 | | | | | $ | 267,836 | | |
AT&T, Inc., 4.30%, 2/15/30 | | | | | 50,000 | | | | | | 50,643 | | |
AT&T, Inc., 4.85%, 3/1/39 | | | | | 880,000 | | | | | | 884,613 | | |
AT&T, Inc., Senior Bond, 4.35%, 6/15/45 | | | | | 246,000 | | | | | | 226,125 | | |
AT&T, Inc., Senior Bond, 4.50%, 5/15/35 | | | | | 122,000 | | | | | | 120,360 | | |
AT&T, Inc., Senior Bond, 4.50%, 3/9/48 | | | | | 260,000 | | | | | | 244,844 | | |
AT&T, Inc., Senior Bond, 4.90%, 8/15/37 | | | | | 268,000 | | | | | | 270,990 | | |
Cablevision Systems Corp., Senior Note, 8.00%, 4/15/20 | | | | | 325,000 | | | | | | 339,625 | | |
CBS Corp., 2.50%, 2/15/23 | | | | | 300,000 | | | | | | 292,884 | | |
CBS Corp., 3.70%, 8/15/24 | | | | | 213,000 | | | | | | 216,592 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., 5.38%, 5/1/25(a) | | | | | 150,000 | | | | | | 154,875 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.00%, 2/1/28(a) | | | | | 100,000 | | | | | | 98,875 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.13%, 2/15/23 | | | | | 100,000 | | | | | | 101,750 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.13%, 5/1/23(a) | | | | | 575,000 | | | | | | 588,507 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.75%, 9/1/23 | | | | | 200,000 | | | | | | 204,000 | | |
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Note, 5.75%, 2/15/26(a) | | | | | 300,000 | | | | | | 314,250 | | |
CenturyLink, Inc., Senior Bond, Series P, 7.60%, 9/15/39 | | | | | 75,000 | | | | | | 65,813 | | |
CenturyLink, Inc., Senior Note, Series S, 6.45%, 6/15/21 | | | | | 225,000 | | | | | | 234,281 | | |
CenturyLink, Inc., Senior Note, Series T, 5.80%, 3/15/22 | | | | | 25,000 | | | | | | 25,531 | | |
CenturyLink, Inc., Senior Note, Series W, 6.75%, 12/1/23 | | | | | 150,000 | | | | | | 156,563 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
CenturyLink, Inc., Series Y, 7.50%, 4/1/24 | | | | $ | 75,000 | | | | | $ | 79,313 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.38%, 4/1/38 | | | | | 38,000 | | | | | | 38,257 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.38%, 5/1/47 | | | | | 400,000 | | | | | | 398,508 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 5.75%, 4/1/48 | | | | | 131,000 | | | | | | 137,137 | | |
Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Bond, 6.38%, 10/23/35 | | | | | 115,000 | | | | | | 128,451 | | |
Cisco Systems, Inc., Senior Note, 2.20%, 2/28/21 | | | | | 779,000 | | | | | | 773,607 | | |
Clear Channel Worldwide Holdings, Inc., 9.25%, 2/15/24(a) | | | | | 50,000 | | | | | | 53,000 | | |
Clear Channel Worldwide Holdings, Inc., Senior Note, Series B, 6.50%, 11/15/22 | | | | | 375,000 | | | | | | 382,969 | | |
Comcast Corp., 3.60%, 3/1/24 | | | | | 311,000 | | | | | | 319,877 | | |
Comcast Corp., 3.90%, 3/1/38 | | | | | 91,000 | | | | | | 89,558 | | |
Comcast Corp., 4.15%, 10/15/28 | | | | | 260,000 | | | | | | 274,116 | | |
Comcast Corp., 4.25%, 10/15/30 | | | | | 90,000 | | | | | | 95,721 | | |
Comcast Corp., 4.60%, 10/15/38 | | | | | 245,000 | | | | | | 262,672 | | |
Comcast Corp., 4.70%, 10/15/48 | | | | | 176,000 | | | | | | 191,682 | | |
CommScope Finance LLC, 5.50%, 3/1/24(a) | | | | | 75,000 | | | | | | 76,709 | | |
CommScope Finance LLC, 6.00%, 3/1/26(a) | | | | | 75,000 | | | | | | 77,578 | | |
CommScope Finance LLC, 8.25%, 3/1/27(a) | | | | | 50,000 | | | | | | 51,875 | | |
CommScope Technologies LLC, 6.00%, 6/15/25(a) | | | | | 150,000 | | | | | | 145,830 | | |
Cox Communications, Inc., Senior Bond, 4.60%, 8/15/47(a) | | | | | 150,000 | | | | | | 143,378 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
CSC Holdings LLC, 6.50%, 2/1/29(a) | | | | $ | 200,000 | | | | | $ | 212,875 | | |
CSC Holdings LLC, Senior Note, 5.13%, 12/15/21(a) | | | | | 250,000 | | | | | | 250,312 | | |
Digicel Ltd., 6.75%, 3/1/23(a) | | | | | 200,000 | | | | | | 128,000 | | |
Discovery Communications LLC, 5.00%, 9/20/37 | | | | | 750,000 | | | | | | 730,232 | | |
DISH DBS Corp., 5.00%, 3/15/23 | | | | | 125,000 | | | | | | 112,500 | | |
DISH DBS Corp., 5.13%, 5/1/20 | | | | | 100,000 | | | | | | 100,625 | | |
DISH DBS Corp., 5.88%, 11/15/24 | | | | | 25,000 | | | | | | 21,000 | | |
DISH DBS Corp., 7.75%, 7/1/26 | | | | | 150,000 | | | | | | 130,500 | | |
Embarq Corp., 8.00%, 6/1/36 | | | | | 100,000 | | | | | | 97,375 | | |
EW Scripps Co. (The), 5.13%, 5/15/25(a) | | | | | 25,000 | | | | | | 23,813 | | |
Fox Corp., 5.48%, 1/25/39(a) | | | | | 142,000 | | | | | | 157,502 | | |
Fox Corp., 5.58%, 1/25/49(a) | | ��� | | | 174,000 | | | | | | 196,907 | | |
Frontier Communications Corp., 8.00%, 4/1/27(a) | | | | | 100,000 | | | | | | 103,250 | | |
Frontier Communications Corp., Senior Note, 10.50%, 9/15/22 | | | | | 325,000 | | | | | | 247,813 | | |
Frontier Communications Corp., Senior Note, 11.00%, 9/15/25 | | | | | 150,000 | | | | | | 98,838 | | |
Gray Television, Inc., 5.13%, 10/15/24(a) | | | | | 100,000 | | | | | | 100,250 | | |
Gray Television, Inc., 5.88%, 7/15/26(a) | | | | | 122,000 | | | | | | 124,159 | | |
Gray Television, Inc., Senior Note, 7.00%, 5/15/27(a) | | | | | 150,000 | | | | | | 159,375 | | |
Hughes Satellite Systems Corp., 6.63%, 8/1/26 | | | | | 150,000 | | | | | | 147,000 | | |
Intelsat Jackson Holdings S.A., 9.75%, 7/15/25(a) | | | | | 350,000 | | | | | | 355,355 | | |
Interpublic Group of Cos., Inc. (The), 5.40%, 10/1/48 | | | | | 103,000 | | | | | | 104,727 | | |
Lamar Media Corp., 5.00%, 5/1/23 | | | | | 100,000 | | | | | | 101,375 | | |
Lamar Media Corp., 5.75%, 2/1/26(a) | | | | | 25,000 | | | | | | 26,125 | | |
Level 3 Financing, Inc., 5.38%, 1/15/24 | | | | | 150,000 | | | | | | 152,790 | | |
Level 3 Financing, Inc., 5.63%, 2/1/23 | | | | | 150,000 | | | | | | 151,688 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
Level 3 Parent LLC, Senior Note, 5.75%, 12/1/22 | | | | $ | 162,000 | | | | | $ | 163,669 | | |
Match Group, Inc., 5.63%, 2/15/29(a) | | | | | 50,000 | | | | | | 50,625 | | |
Match Group, Inc., 6.38%, 6/1/24 | | | | | 100,000 | | | | | | 105,125 | | |
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 8/15/23(a) | | | | | 150,000 | | | | | | 156,043 | | |
Netflix, Inc., Senior Bond, 6.38%, 5/15/29(a) | | | | | 250,000 | | | | | | 270,312 | | |
Netflix, Inc., Senior Note, 4.88%, 4/15/28 | | | | | 75,000 | | | | | | 74,250 | | |
Netflix, Inc., Senior Note, 5.38%, 2/1/21 | | | | | 100,000 | | | | | | 103,844 | | |
Netflix, Inc., Senior Note, 5.88%, 2/15/25 | | | | | 125,000 | | | | | | 135,081 | | |
Netflix, Inc., Senior Note, 5.88%, 11/15/28(a) | | | | | 25,000 | | | | | | 26,406 | | |
Nexstar Broadcasting, Inc., 6.13%, 2/15/22(a) | | | | | 155,000 | | | | | | 157,325 | | |
Quebecor Media, Inc., Senior Note, 5.75%, 1/15/23 | | | | | 100,000 | | | | | | 104,250 | | |
Radiate Holdco LLC/Radiate Finance, Inc., Senior Note, 6.63%, 2/15/25(a) | | | | | 150,000 | | | | | | 144,750 | | |
Sinclair Television Group, Inc., 5.88%, 3/15/26(a) | | | | | 150,000 | | | | | | 151,125 | | |
Sirius XM Radio, Inc., 3.88%, 8/1/22(a) | | | | | 50,000 | | | | | | 49,625 | | |
Sirius XM Radio, Inc., 5.00%, 8/1/27(a) | | | | | 100,000 | | | | | | 100,060 | | |
Sirius XM Radio, Inc., 6.00%, 7/15/24(a) | | | | | 50,000 | | | | | | 51,813 | | |
Sprint Capital Corp., 8.75%, 3/15/32 | | | | | 625,000 | | | | | | 659,437 | | |
Sprint Communications, Inc., Senior Note, 7.00%, 8/15/20 | | | | | 225,000 | | | | | | 232,313 | | |
Sprint Corp., 7.88%, 9/15/23 | | | | | 150,000 | | | | | | 157,500 | | |
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Note, 3.36%, 3/20/23(a) | | | | | 750,000 | | | | | | 749,775 | | |
T-Mobile USA, Inc., 4.50%, 2/1/26 | | | | | 100,000 | | | | | | 99,945 | | |
T-Mobile USA, Inc., 6.00%, 3/1/23 | | | | | 100,000 | | | | | | 102,750 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
COMMUNICATIONS – (continued) | | ||||||||||||
T-Mobile USA, Inc., 6.50%, 1/15/26 | | | | $ | 200,000 | | | | | $ | 213,500 | | |
Telefonica Emisiones S.A., 4.67%, 3/6/38 | | | | | 270,000 | | | | | | 258,084 | | |
Telefonica Emisiones S.A., 5.21%, 3/8/47 | | | | | 270,000 | | | | | | 274,227 | | |
Univision Communications, Inc., Senior Secured Note, 6.75%, 9/15/22(a) | | | | | 100,000 | | | | | | 101,500 | | |
UPCB Finance IV Ltd., Senior Secured Note, 5.38%, 1/15/25(a) | | | | | 200,000 | | | | | | 203,000 | | |
Verizon Communications, Inc., Senior Bond, 4.27%, 1/15/36 | | | | | 500,000 | | | | | | 506,447 | | |
Verizon Communications, Inc., Senior Bond, 4.40%, 11/1/34 | | | | | 104,000 | | | | | | 108,339 | | |
Verizon Communications, Inc., Senior Bond, 4.86%, 8/21/46 | | | | | 400,000 | | | | | | 427,512 | | |
Verizon Communications, Inc., Senior Bond, 5.25%, 3/16/37 | | | | | 376,000 | | | | | | 423,960 | | |
Verizon Communications, Inc., Senior Note, 3.78%, 5/15/25 (3 month USD LIBOR + 1.10%)(c) | | | | | 1,000,000 | | | | | | 1,000,100 | | |
Viacom, Inc., 4.25%, 9/1/23 | | | | | 250,000 | | | | | | 260,013 | | |
Viacom, Inc., Senior Bond, 5.85%, 9/1/43 | | | | | 125,000 | | | | | | 135,983 | | |
ViaSat, Inc., 5.63%, 4/15/27(a) | | | | | 50,000 | | | | | | 50,881 | | |
Virgin Media Finance PLC, 5.75%, 1/15/25(a) | | | | | 200,000 | | | | | | 203,500 | | |
Walt Disney Co. (The), 6.15%, 3/1/37(a) | | | | | 100,000 | | | | | | 130,202 | | |
Warner Media LLC, 4.85%, 7/15/45 | | | | | 158,000 | | | | | | 159,284 | | |
Windstream Services LLC/Windstream Finance Corp., 8.63%, 10/31/25(a) | | | | | 75,000 | | | | | | 71,156 | | |
Zayo Group LLC/Zayo Capital, Inc., 5.75%, 1/15/27(a) | | | | | 150,000 | | | | | | 149,670 | | |
Zayo Group LLC/Zayo Capital, Inc., 6.00%, 4/1/23 | | | | | 350,000 | | | | | | 354,375 | | |
Ziggo Bond Finance B.V., Senior Note, 6.00%, 1/15/27(a) | | | | | 200,000 | | | | | | 192,000 | | |
Total Communications | | | | | | | | | | | 22,534,668 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – 3.7% | | ||||||||||||
1011778 BC ULC/New Red Finance, Inc., Secured Note, 5.00%, 10/15/25(a) | | | | $ | 400,000 | | | | | $ | 395,120 | | |
Air Canada, 7.75%, 4/15/21(a) | | | | | 150,000 | | | | | | 160,687 | | |
Algeco Global Finance 2 PLC, 10.00%, 8/15/23(a) | | | | | 200,000 | | | | | | 200,000 | | |
Allison Transmission, Inc., 5.88%, 6/1/29(a) | | | | | 50,000 | | | | | | 50,563 | | |
AMC Entertainment Holdings, Inc., 5.88%, 11/15/26 | | | | | 150,000 | | | | | | 135,375 | | |
AMC Entertainment Holdings, Inc., 6.13%, 5/15/27 | | | | | 100,000 | | | | | | 90,375 | | |
American Airlines Group, Inc., 4.63%, 3/1/20(a) | | | | | 150,000 | | | | | | 150,848 | | |
American Axle & Manufacturing, Inc., 6.25%, 4/1/25 | | | | | 150,000 | | | | | | 146,250 | | |
American Builders & Contractors Supply Co., Inc., 5.88%, 5/15/26(a) | | | | | 150,000 | | | | | | 152,062 | | |
Aptiv Corp., 4.15%, 3/15/24 | | | | | 473,000 | | | | | | 489,340 | | |
Aramark Services, Inc., 5.00%, 2/1/28(a) | | | | | 250,000 | | | | | | 248,970 | | |
Aramark Services, Inc., 5.13%, 1/15/24 | | | | | 100,000 | | | | | | 102,875 | | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Note, 6.75%, 8/1/25(a) | | | | | 150,000 | | | | | | 136,500 | | |
AutoNation, Inc., 3.50%, 11/15/24 | | | | | 175,000 | | | | | | 169,821 | | |
Beacon Roofing Supply, Inc., 4.88%, 11/1/25(a) | | | | | 100,000 | | | | | | 95,000 | | |
Beacon Roofing Supply, Inc., 6.38%, 10/1/23 | | | | | 100,000 | | | | | | 104,000 | | |
Beazer Homes USA, Inc., 6.75%, 3/15/25 | | | | | 150,000 | | | | | | 141,938 | | |
Beazer Homes USA, Inc., 7.25%, 2/1/23 | | | | | 65,000 | | | | | | 62,400 | | |
BMW US Capital LLC, 3.10%, 4/12/21(a) | | | | | 448,000 | | | | | | 450,846 | | |
Boyd Gaming Corp., 6.00%, 8/15/26 | | | | | 150,000 | | | | | | 153,750 | | |
Boyd Gaming Corp., 6.38%, 4/1/26 | | | | | 250,000 | | | | | | 258,750 | | |
Boyd Gaming Corp., 6.88%, 5/15/23 | | | | | 350,000 | | | | | | 363,562 | | |
Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, 10/15/25(a) | | | | | 275,000 | | | | | | 265,375 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Carlson Travel, Inc., 6.75%, 12/15/23(a) | | | | $ | 200,000 | | | | | $ | 200,000 | | |
Carvana Co., 8.88%, 10/1/23(a) | | | | | 50,000 | | | | | | 51,125 | | |
Cedar Fair L.P./Canada’s Wonderland Co./Magnum Management Corp., 5.38%, 6/1/24 | | | | | 207,000 | | | | | | 211,386 | | |
Century Communities, Inc., 6.88%, 5/15/22 | | | | | 200,000 | | | | | | 203,500 | | |
Churchill Downs, Inc., 5.50%, 4/1/27(a) | | | | | 50,000 | | | | | | 50,625 | | |
Cinemark USA, Inc., 5.13%, 12/15/22 | | | | | 225,000 | | | | | | 228,375 | | |
Constellation Merger Sub, Inc., Senior Note, 8.50%, 9/15/25(a) | | | | | 100,000 | | | | | | 90,500 | | |
Cumberland Farms, Inc., Senior Note, 6.75%, 5/1/25(a) | | | | | 125,000 | | | | | | 130,000 | | |
Daimler Finance North America LLC, 2.00%, 7/6/21(a) | | | | | 310,000 | | | | | | 303,293 | | |
Daimler Finance North America LLC, 3.75%, 11/5/21(a) | | | | | 205,000 | | | | | | 208,600 | | |
Dana Financing Luxembourg Sarl, 6.50%, 6/1/26(a) | | | | | 150,000 | | | | | | 153,000 | | |
Dana, Inc., Senior Note, 6.00%, 9/15/23 | | | | | 250,000 | | | | | | 256,250 | | |
Darden Restaurants, Inc., 4.55%, 2/15/48 | | | | | 331,000 | | | | | | 318,242 | | |
Delta Air Lines 2015-1 Class A Pass Through Trust, Pass Through Certificates, Series 15-1, 3.88%, 1/30/29 | | | | | 424,355 | | | | | | 425,203 | | |
Delta Air Lines 2019-1 Class A Pass Through Trust, Series A, 3.40%, 10/25/25 | | | | | 150,000 | | | | | | 151,936 | | |
Eagle Intermediate Global Holding B.V./Ruyi US Finance LLC, Senior Secured Note, 7.50%, 5/1/25(a) | | | | | 150,000 | | | | | | 147,938 | | |
Eldorado Resorts, Inc., 6.00%, 9/15/26 | | | | | 50,000 | | | | | | 50,750 | | |
Eldorado Resorts, Inc., 7.00%, 8/1/23 | | | | | 225,000 | | | | | | 235,442 | | |
Enterprise Development Authority (The), 12.00%, 7/15/24(a) | | | | | 125,000 | | | | | | 126,875 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Envision Healthcare Corp., 8.75%, 10/15/26(a) | | | | $ | 250,000 | | | | | $ | 222,812 | | |
Ferrellgas L.P./Ferrellgas Finance Corp., 6.75%, 6/15/23 | | | | | 50,000 | | | | | | 43,625 | | |
Ford Motor Co., Senior Bond, 4.75%, 1/15/43 | | | | | 170,000 | | | | | | 133,427 | | |
Ford Motor Credit Co. LLC, 3.34%, 3/18/21 | | | | | 290,000 | | | | | | 285,627 | | |
General Motors Co., Senior Bond, 6.25%, 10/2/43 | | | | | 250,000 | | | | | | 250,174 | | |
General Motors Financial Co., Inc., 3.70%, 5/9/23 | | | | | 183,000 | | | | | | 182,109 | | |
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)(c)(d) | | | | | 50,000 | | | | | | 46,015 | | |
GLP Capital L.P./GLP Financing II, Inc., 5.38%, 11/1/23 | | | | | 100,000 | | | | | | 105,269 | | |
GLP Capital L.P./GLP Financing II, Inc., 5.38%, 4/15/26 | | | | | 150,000 | | | | | | 156,735 | | |
Golden Nugget, Inc., 8.75%, 10/1/25(a) | | | | | 500,000 | | | | | | 525,000 | | |
Group 1 Automotive, Inc., 5.00%, 6/1/22 | | | | | 100,000 | | | | | | 100,250 | | |
H&E Equipment Services, Inc., 5.63%, 9/1/25 | | | | | 100,000 | | | | | | 99,750 | | |
Hilton Domestic Operating Co., Inc., 5.13%, 5/1/26(a) | | | | | 350,000 | | | | | | 355,250 | | |
Hyundai Capital America, 3.95%, 2/1/22(a) | | | | | 242,000 | | | | | | 245,459 | | |
IRB Holding Corp., 6.75%, 2/15/26(a) | | | | | 125,000 | | | | | | 117,500 | | |
Jacobs Entertainment, Inc., 7.88%, 2/1/24(a) | | | | | 150,000 | | | | | | 157,125 | | |
JC Penney Corp., Inc., Secured Note, 8.63%, 3/15/25(a) | | | | | 25,000 | | | | | | 14,625 | | |
KB Home, 6.88%, 6/15/27 | | | | | 50,000 | | | | | | 51,500 | | |
KB Home, 7.63%, 5/15/23 | | | | | 25,000 | | | | | | 27,219 | | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.00%, 6/1/24(a) | | | | | 75,000 | | | | | | 76,500 | | |
L Brands, Inc., 5.25%, 2/1/28 | | | | | 75,000 | | | | | | 66,844 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
L Brands, Inc., 5.63%, 10/15/23 | | | | $ | 150,000 | | | | | $ | 153,187 | | |
Leggett & Platt, Inc., 4.40%, 3/15/29 | | | | | 575,000 | | | | | | 580,674 | | |
Lennar Corp., 5.88%, 11/15/24 | | | | | 150,000 | | | | | | 160,125 | | |
Live Nation Entertainment, Inc., 5.63%, 3/15/26(a) | | | | | 150,000 | | | | | | 154,875 | | |
LTF Merger Sub, Inc., 8.50%, 6/15/23(a) | | | | | 422,000 | | | | | | 433,077 | | |
Marriott International, Inc., Senior Note, Series Y, 3.23%, 12/1/20 (3 month USD LIBOR + 0.60%)(c) | | | | | 320,000 | | | | | | 320,435 | | |
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 9/15/26(a) | | | | | 125,000 | | | | | | 130,963 | | |
Mattel, Inc., 6.75%, 12/31/25(a) | | | | | 50,000 | | | | | | 49,188 | | |
McDonald’s Corp., Senior Bond, 4.45%, 9/1/48 | | | | | 379,000 | | | | | | 389,095 | | |
Meritage Homes Corp., 7.00%, 4/1/22 | | | | | 200,000 | | | | | | 214,000 | | |
MGM Resorts International, 5.50%, 4/15/27 | | | | | 75,000 | | | | | | 76,125 | | |
MGM Resorts International, 5.75%, 6/15/25 | | | | | 175,000 | | | | | | 181,344 | | |
MGM Resorts International, 6.00%, 3/15/23 | | | | | 175,000 | | | | | | 184,625 | | |
MGM Resorts International, 6.63%, 12/15/21 | | | | | 250,000 | | | | | | 267,187 | | |
Mohegan Gaming & Entertainment, 7.88%, 10/15/24(a) | | | | | 150,000 | | | | | | 148,875 | | |
Navistar International Corp., Senior Note, 6.63%, 11/1/25(a) | | | | | 250,000 | | | | | | 254,062 | | |
NCL Corp. Ltd., Senior Note, 4.75%, 12/15/21(a) | | | | | 125,000 | | | | | | 126,406 | | |
Nissan Motor Acceptance Corp., Senior Note, 2.65%, 7/13/22(a) | | | | | 324,000 | | | | | | 316,302 | | |
Party City Holdings, Inc., 6.63%, 8/1/26(a) | | | | | 25,000 | | | | | | 24,875 | | |
Penske Automotive Group, Inc., 3.75%, 8/15/20 | | | | | 100,000 | | | | | | 99,500 | | |
PriSo Acquisition Corp., 9.00%, 5/15/23(a) | | | | | 150,000 | | | | | | 149,250 | | |
QVC, Inc., 4.85%, 4/1/24 | | | | | 466,000 | | | | | | 476,713 | | |
Rimon LLC, 2.62%, 6/25/26 | | | | | 445,337 | | | | | | 446,183 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Scientific Games International, Inc., 10.00%, 12/1/22 | | | | $ | 600,000 | | | | | $ | 631,500 | | |
Scotts Miracle-Gro Co. (The), 6.00%, 10/15/23 | | | | | 200,000 | | | | | | 207,500 | | |
Shea Homes L.P./Shea Homes Funding Corp., 6.13%, 4/1/25(a) | | | | | 195,000 | | | | | | 185,737 | | |
Sonic Automotive, Inc., 5.00%, 5/15/23 | | | | | 150,000 | | | | | | 144,000 | | |
Starbucks Corp., Senior Note, 2.45%, 6/15/26 | | | | | 500,000 | | | | | | 473,625 | | |
Stars Group Holdings B.V./Stars Group US Co-Borrower LLC, 7.00%, 7/15/26(a) | | | | | 175,000 | | | | | | 182,437 | | |
Superior Plus L.P./Superior General Partner, Inc., Senior Note, 7.00%, 7/15/26(a) | | | | | 25,000 | | | | | | 25,406 | | |
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.63%, 3/1/24(a) | | | | | 150,000 | | | | | | 148,875 | | |
Tenneco, Inc., 5.38%, 12/15/24 | | | | | 125,000 | | | | | | 112,500 | | |
Tesla, Inc., 5.30%, 8/15/25(a) | | | | | 100,000 | | | | | | 86,625 | | |
Titan International, Inc., 6.50%, 11/30/23 | | | | | 150,000 | | | | | | 138,188 | | |
Toyota Motor Credit Corp., Senior Note, 3.45%, 9/20/23 | | | | | 257,000 | | | | | | 265,008 | | |
TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 5.88%, 6/15/24 | | | | | 150,000 | | | | | | 150,563 | | |
Viking Cruises Ltd., 5.88%, 9/15/27(a) | | | | | 100,000 | | | | | | 97,250 | | |
Viking Cruises Ltd., Senior Note, 6.25%, 5/15/25(a) | | | | | 150,000 | | | | | | 152,250 | | |
Volkswagen Group of America Finance LLC, 3.88%, 11/13/20(a) | | | | | 215,000 | | | | | | 217,673 | | |
Volkswagen Group of America Finance LLC, 4.00%, 11/12/21(a) | | | | | 215,000 | | | | | | 219,383 | | |
Walgreens Boots Alliance, Inc., 4.80%, 11/18/44 | | | | | 102,000 | | | | | | 97,985 | | |
Walmart, Inc., Senior Note, 2.55%, 4/11/23 | | | | | 493,000 | | | | | | 492,377 | | |
Walmart, Inc., Senior Note, 3.70%, 6/26/28 | | | | | 315,000 | | | | | | 331,646 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
William Carter Co. (The), 5.63%, 3/15/27(a) | | | | $ | 50,000 | | | | | $ | 51,688 | | |
William Lyon Homes, Inc., 5.88%, 1/31/25 | | | | | 100,000 | | | | | | 94,000 | | |
William Lyon Homes, Inc., 6.00%, 9/1/23 | | | | | 75,000 | | | | | | 72,563 | | |
Williams Scotsman International, Inc., 6.88%, 8/15/23(a) | | | | | 200,000 | | | | | | 200,000 | | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(a) | | | | | 100,000 | | | | | | 94,625 | | |
Wynn Macau Ltd., Senior Note, 5.50%, 10/1/27(a) | | | | | 200,000 | | | | | | 191,500 | | |
Total Consumer, Cyclical | | | | | | | | | | | 21,732,232 | | |
CONSUMER, NON-CYCLICAL – 5.3% | | ||||||||||||
Abbott Laboratories, Senior Bond, 4.90%, 11/30/46 | | | | | 300,000 | | | | | | 346,869 | | |
AbbVie, Inc., 4.45%, 5/14/46 | | | | | 127,000 | | | | | | 118,159 | | |
AbbVie, Inc., 4.88%, 11/14/48 | | | | | 150,000 | | | | | | 147,766 | | |
AbbVie, Inc., Senior Bond, 4.50%, 5/14/35 | | | | | 200,000 | | | | | | 196,203 | | |
ADT Security Corp. (The), Senior Secured Note, 5.25%, 3/15/20 | | | | | 150,000 | | | | | | 151,500 | | |
Ahern Rentals, Inc., Secured Note, 7.38%, 5/15/23(a) | | | | | 100,000 | | | | | | 92,125 | | |
Albertsons Cos. LLC/Safeway, Inc./New Albertsons L.P./Albertson’s LLC, 6.63%, 6/15/24 | | | | | 100,000 | | | | | | 101,000 | | |
Albertsons Cos. LLC/Safeway, Inc./New Albertsons L.P./Albertson’s LLC, 7.50%, 3/15/26(a) | | | | | 25,000 | | | | | | 25,719 | | |
Allergan Funding SCS, 4.55%, 3/15/35 | | | | | 380,000 | | | | | | 372,657 | | |
Altria Group, Inc., 3.49%, 2/14/22 | | | | | 155,000 | | | | | | 157,496 | | |
AmerisourceBergen Corp., Senior Bond, 4.30%, 12/15/47 | | | | | 100,000 | | | | | | 91,269 | | |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 2/1/36(a) | | | | | 315,000 | | | | | | 315,124 | | |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46(a) | | | | | 83,000 | | | | | | 83,408 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Anheuser-Busch InBev Worldwide, Inc., 4.38%, 4/15/38 | | | | $ | 110,000 | | | | | $ | 105,738 | | |
Anheuser-Busch InBev Worldwide, Inc., 4.60%, 4/15/48 | | | | | 85,000 | | | | | | 81,921 | | |
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/49 | | | | | 483,000 | | | | | | 531,018 | | |
Aptim Corp., 7.75%, 6/15/25(a) | | | | | 150,000 | | | | | | 115,875 | | |
Avantor, Inc., 6.00%, 10/1/24(a) | | | | | 125,000 | | | | | | 129,687 | | |
Avantor, Inc., Senior Note, 9.00%, 10/1/25(a) | | | | | 150,000 | | | | | | 162,562 | | |
Avery Dennison Corp., Senior Note, 4.88%, 12/6/28 | | | | | 200,000 | | | | | | 214,284 | | |
B&G Foods, Inc., 5.25%, 4/1/25 | | | | | 50,000 | | | | | | 47,938 | | |
Bausch Health Americas, Inc., Senior Note, 8.50%, 1/31/27(a) | | | | | 150,000 | | | | | | 159,000 | | |
Bausch Health Cos., Inc., 5.88%, 5/15/23(a) | | | | | 121,000 | | | | | | 122,210 | | |
Bausch Health Cos., Inc., 6.13%, 4/15/25(a) | | | | | 550,000 | | | | | | 544,500 | | |
Bausch Health Cos., Inc., 9.00%, 12/15/25(a) | | | | | 525,000 | | | | | | 570,307 | | |
Baxter International, Inc., Senior Bond, 3.50%, 8/15/46 | | | | | 190,000 | | | | | | 164,555 | | |
Bayer US Finance II LLC, 3.50%, 6/25/21(a) | | | | | 200,000 | | | | | | 200,836 | | |
Baylor Scott & White Holdings, 4.19%, 11/15/45 | | | | | 100,000 | | | | | | 103,959 | | |
Board of Trustees of The Leland Stanford Junior University (The), 3.46%, 5/1/47 | | | | | 90,000 | | | | | | 90,042 | | |
Bristol-Myers Squibb Co., Senior Bond, 3.25%, 8/1/42 | | | | | 1,000,000 | | | | | | 868,596 | | |
Cardinal Health, Inc., Senior Bond, 4.60%, 3/15/43 | | | | | 150,000 | | | | | | 138,385 | | |
Celgene Corp., 4.63%, 5/15/44 | | | | | 182,000 | | | | | | 183,566 | | |
Celgene Corp., Senior Note, 3.63%, 5/15/24 | | | | | 269,000 | | | | | | 273,632 | | |
Celgene Corp., Senior Note, 3.90%, 2/20/28 | | | | | 400,000 | | | | | | 408,743 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Centene Corp., 6.13%, 2/15/24 | | | | $ | 250,000 | | | | | $ | 261,950 | | |
Centene Corp., Senior Note, 5.38%, 6/1/26(a) | | | | | 200,000 | | | | | | 208,500 | | |
Central Garden & Pet Co., 6.13%, 11/15/23 | | | | | 190,000 | | | | | | 198,312 | | |
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 4/15/25(a) | | | | | 25,000 | | | | | | 22,406 | | |
CHS/Community Health Systems, Inc., 6.88%, 2/1/22 | | | | | 100,000 | | | | | | 66,500 | | |
CHS/Community Health Systems, Inc., 8.00%, 3/15/26(a) | | | | | 100,000 | | | | | | 95,680 | | |
CHS/Community Health Systems, Inc., 8.13%, 6/30/24(a) | | | | | 75,000 | | | | | | 55,898 | | |
CHS/Community Health Systems, Inc., Senior Secured Note, 8.63%, 1/15/24(a) | | | | | 50,000 | | | | | | 50,063 | | |
Conagra Brands, Inc., 7.00%, 10/1/28 | | | | | 203,000 | | | | | | 237,549 | | |
Conagra Brands, Inc., Senior Bond, 5.40%, 11/1/48 | | | | | 237,000 | | | | | | 238,656 | | |
Conagra Brands, Inc., Senior Note, 3.80%, 10/22/21 | | | | | 395,000 | | | | | | 402,333 | | |
Constellation Brands, Inc., 5.25%, 11/15/48 | | | | | 188,000 | | | | | | 199,740 | | |
CVS Health Corp., Senior Bond, 4.78%, 3/25/38 | | | | | 354,000 | | | | | | 351,075 | | |
CVS Health Corp., Senior Bond, 5.05%, 3/25/48 | | | | | 558,000 | | | | | | 562,427 | | |
Darling Ingredients, Inc., 5.25%, 4/15/27(a) | | | | | 25,000 | | | | | | 25,375 | | |
DaVita, Inc., 5.13%, 7/15/24 | | | | | 150,000 | | | | | | 148,125 | | |
Duke University Health System, Inc., Senior Bond, Series 2017, 3.92%, 6/1/47 | | | | | 70,000 | | | | | | 72,433 | | |
Eagle Holding Co. II LLC, Senior Note, PIK (7.625% Cash or 8.375% PIK), 7.63%, 5/15/22(a)(e) | | | | | 200,000 | | | | | | 201,750 | | |
Ecolab, Inc., Senior Note, 2.38%, 8/10/22 | | | | | 264,000 | | | | | | 260,660 | | |
Eli Lilly & Co., 3.38%, 3/15/29 | | | | | 365,000 | | | | | | 374,898 | | |
Encompass Health Corp., 5.75%, 11/1/24 | | | | | 150,000 | | | | | | 151,875 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 6.00%, 7/15/23(a) | | | | $ | 192,000 | | | | | $ | 147,840 | | |
ERAC USA Finance LLC, 4.20%, 11/1/46(a) | | | | | 325,000 | | | | | | 306,152 | | |
Express Scripts Holding Co., 4.50%, 2/25/26 | | | | | 400,000 | | | | | | 419,034 | | |
Ford Foundation (The), Senior Bond, Series 2017, 3.86%, 6/1/47 | | | | | 175,000 | | | | | | 177,313 | | |
Garda World Security Corp., Senior Note, 8.75%, 5/15/25(a) | | | | | 150,000 | | | | | | 142,875 | | |
Gartner, Inc., 5.13%, 4/1/25(a) | | | | | 100,000 | | | | | | 101,070 | | |
General Mills, Inc., Senior Bond, 4.70%, 4/17/48 | | | | | 294,000 | | | | | | 294,390 | | |
GlaxoSmithKline Capital, Inc., 3.38%, 5/15/23 | | | | | 194,000 | | | | | | 198,520 | | |
Graham Holdings Co., 5.75%, 6/1/26(a) | | | | | 50,000 | | | | | | 52,500 | | |
Halfmoon Parent, Inc., 4.38%, 10/15/28(a) | | | | | 190,000 | | | | | | 196,930 | | |
Halfmoon Parent, Inc., 4.80%, 8/15/38(a) | | | | | 794,000 | | | | | | 816,103 | | |
Halfmoon Parent, Inc., 4.90%, 12/15/48(a) | | | | | 191,000 | | | | | | 197,665 | | |
HCA Healthcare, Inc., 6.25%, 2/15/21 | | | | | 75,000 | | | | | | 78,814 | | |
HCA, Inc., 5.25%, 6/15/26 | | | | | 149,000 | | | | | | 159,761 | | |
HCA, Inc., 5.38%, 2/1/25 | | | | | 150,000 | | | | | | 159,000 | | |
HCA, Inc., 5.38%, 9/1/26 | | | | | 125,000 | | | | | | 131,562 | | |
HCA, Inc., 5.63%, 9/1/28 | | | | | 200,000 | | | | | | 211,500 | | |
HCA, Inc., 5.88%, 2/15/26 | | | | | 100,000 | | | | | | 108,000 | | |
HCA, Inc., 5.88%, 2/1/29 | | | | | 75,000 | | | | | | 80,809 | | |
HCA, Inc., 7.50%, 2/15/22 | | | | | 425,000 | | | | | | 468,690 | | |
HCA, Inc., Senior Secured Note, 5.88%, 3/15/22 | | | | | 200,000 | | | | | | 214,862 | | |
Herc Rentals, Inc., Secured Note, 7.50%, 6/1/22(a) | | | | | 155,000 | | | | | | 161,394 | | |
Keurig Dr Pepper, Inc., 4.42%, 5/25/25(a) | | | | | 283,000 | | | | | | 293,567 | | |
Kimberly-Clark Corp., Senior Note, 3.95%, 11/1/28 | | | | | 400,000 | | | | | | 428,654 | | |
Koninklijke Ahold Delhaize N.V., 5.70%, 10/1/40 | | | | | 27,000 | | | | | | 29,856 | | |
Kraft Heinz Foods Co., 3.38%, 6/15/21 | | | | | 135,000 | | | | | | 136,129 | | |
Kraft Heinz Foods Co., 4.38%, 6/1/46 | | | | | 130,000 | | | | | | 112,949 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Kroger Co. (The), 5.40%, 1/15/49 | | | | $ | 145,000 | | | | | $ | 150,710 | | |
Laboratory Corp. of America Holdings, 4.70%, 2/1/45 | | | | | 179,000 | | | | | | 174,769 | | |
Laboratory Corp. of America Holdings, Senior Note, 3.25%, 9/1/24 | | | | | 312,000 | | | | | | 309,710 | | |
Mars, Inc., 3.95%, 4/1/49(a) | | | | | 205,000 | | | | | | 207,898 | | |
Mars, Inc., 4.20%, 4/1/59(a) | | | | | 134,000 | | | | | | 137,769 | | |
Massachusetts Institute of Technology, 4.68%, 7/1/2114 | | | | | 150,000 | | | | | | 175,502 | | |
Matthews International Corp., 5.25%, 12/1/25(a) | | | | | 160,000 | | | | | | 153,600 | | |
McKesson Corp., Senior Note, 3.65%, 11/30/20 | | | | | 465,000 | | | | | | 470,684 | | |
MEDNAX, Inc., 6.25%, 1/15/27(a) | | | | | 50,000 | | | | | | 50,563 | | |
Merck & Co., Inc., 3.90%, 3/7/39 | | | | | 1,000,000 | | | | | | 1,031,060 | | |
Mondelez International, Inc., 3.63%, 2/13/26 | | | | | 238,000 | | | | | | 241,344 | | |
Mylan, Inc., 4.20%, 11/29/23 | | | | | 400,000 | | | | | | 407,124 | | |
Mylan, Inc., 4.55%, 4/15/28 | | | | | 181,000 | | | | | | 176,128 | | |
Nature Conservancy (The), Series B, 3.74%, 2/1/24 (3 month USD LIBOR + 1.08%)(c) | | | | | 520,000 | | | | | | 519,539 | | |
Nestle Holdings, Inc., 3.50%, 9/24/25(a) | | | | | 247,000 | | | | | | 256,278 | | |
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22(a) | | | | | 225,000 | | | | | | 222,750 | | |
Orlando Health Obligated Group, 4.09%, 10/1/48 | | | | | 50,000 | | | | | | 50,370 | | |
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics S.A., Senior Note, 6.63%, 5/15/22(a) | | | | | 100,000 | | | | | | 94,750 | | |
Par Pharmaceutical, Inc., 7.50%, 4/1/27(a) | | | | | 25,000 | | | | | | 25,344 | | |
PepsiCo, Inc., 2.75%, 4/30/25 | | | | | 193,000 | | | | | | 193,091 | | |
Pilgrim’s Pride Corp., 5.75%, 3/15/25(a) | | | | | 100,000 | | | | | | 101,000 | | |
Polaris Intermediate Corp., Intermediate Senior Note, PIK (8.500% Cash or 9.250% PIK), 8.50%, 12/1/22(a)(e) | | | | | 200,000 | | | | | | 197,300 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Post Holdings, Inc., 5.00%, 8/15/26(a) | | | | $ | 150,000 | | | | | $ | 145,875 | | |
Post Holdings, Inc., 5.75%, 3/1/27(a) | | | | | 200,000 | | | | | | 200,750 | | |
President & Fellows of Harvard College, 3.62%, 10/1/37 | | | | | 50,000 | | | | | | 51,089 | | |
President & Fellows of Harvard College, 6.50%, 1/15/39(a) | | | | | 105,000 | | | | | | 149,551 | | |
Prestige Brands, Inc., 6.38%, 3/1/24(a) | | | | | 100,000 | | | | | | 101,750 | | |
Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, 4/15/24(a) | | | | | 50,000 | | | | | | 50,000 | | |
Prime Security Services Borrower LLC/Prime Finance, Inc., Secured Note, 9.25%, 5/15/23(a) | | | | | 66,000 | | | | | | 69,300 | | |
Refinitiv US Holdings, Inc., 6.25%, 5/15/26(a) | | | | | 50,000 | | | | | | 50,688 | | |
Refinitiv US Holdings, Inc., 8.25%, 11/15/26(a) | | | | | 100,000 | | | | | | 98,125 | | |
Roche Holdings, Inc., 1.75%, 1/28/22(a) | | | | | 200,000 | | | | | | 195,240 | | |
Select Medical Corp., 6.38%, 6/1/21 | | | | | 150,000 | | | | | | 150,375 | | |
Shire Acquisitions Investments Ireland DAC, 2.88%, 9/23/23 | | | | | 450,000 | | | | | | 444,663 | | |
Smithfield Foods, Inc., 5.20%, 4/1/29(a) | | | | | 76,000 | | | | | | 76,458 | | |
Smithfield Foods, Inc., Senior Note, 2.65%, 10/3/21(a) | | | | | 113,000 | | | | | | 108,663 | | |
Star Merger Sub, Inc., 6.88%, 8/15/26(a) | | | | | 50,000 | | | | | | 51,125 | | |
Star Merger Sub, Inc., 10.25%, 2/15/27(a) | | | | | 225,000 | | | | | | 230,906 | | |
Surgery Center Holdings, Inc., 10.00%, 4/15/27(a) | | | | | 25,000 | | | | | | 25,375 | | |
Sutter Health, Series 2018, 4.09%, 8/15/48 | | | | | 125,000 | | | | | | 128,815 | | |
Tenet Healthcare Corp., 4.63%, 7/15/24 | | | | | 125,000 | | | | | | 125,312 | | |
Tenet Healthcare Corp., 6.25%, 2/1/27(a) | | | | | 100,000 | | | | | | 103,750 | | |
Tenet Healthcare Corp., Senior Note, 6.75%, 6/15/23 | | | | | 125,000 | | | | | | 128,750 | | |
Tenet Healthcare Corp., Senior Secured Note, 6.00%, 10/1/20 | | | | | 275,000 | | | | | | 284,625 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – (continued) | | ||||||||||||
Tyson Foods, Inc., 5.10%, 9/28/48 | | | | $ | 208,000 | | | | | $ | 212,081 | | |
Unilever Capital Corp., 2.00%, 7/28/26 | | | | | 1,125,000 | | | | | | 1,049,695 | | |
United Rentals North America, Inc., 5.50%, 5/15/27 | | | | | 175,000 | | | | | | 176,750 | | |
United Rentals North America, Inc., 5.88%, 9/15/26 | | | | | 125,000 | | | | | | 129,219 | | |
United Rentals North America, Inc., 6.50%, 12/15/26 | | | | | 100,000 | | | | | | 105,250 | | |
UnitedHealth Group, Inc., 3.88%, 12/15/28 | | | | | 161,000 | | | | | | 168,480 | | |
UnitedHealth Group, Inc., Senior Note, 2.38%, 10/15/22 | | | | | 909,000 | | | | | | 900,671 | | |
UnitedHealth Group, Inc., Senior Note, 3.75%, 7/15/25 | | | | | 331,000 | | | | | | 345,735 | | |
UnitedHealth Group, Inc., Senior Note, 3.85%, 6/15/28 | | | | | 610,000 | | | | | | 639,003 | | |
US Foods, Inc., 5.88%, 6/15/24(a) | | | | | 300,000 | | | | | | 307,125 | | |
Vector Group Ltd., Senior Note, 10.50%, 11/1/26(a) | | | | | 75,000 | | | | | | 70,687 | | |
Verscend Escrow Corp., 9.75%, 8/15/26(a) | | | | | 75,000 | | | | | | 74,812 | | |
WellCare Health Plans, Inc., 5.38%, 8/15/26(a) | | | | | 50,000 | | | | | | 52,313 | | |
West Street Merger Sub, Inc., Senior Note, 6.38%, 9/1/25(a) | | | | | 100,000 | | | | | | 97,250 | | |
Zoetis, Inc., 3.08%, 8/20/21 (3 month USD LIBOR + 0.44%)(c) | | | | | 725,000 | | | | | | 719,896 | | |
Zoetis, Inc., 4.45%, 8/20/48 | | | | | 425,000 | | | | | | 441,222 | | |
Total Consumer, Non-cyclical | | | | | 31,237,450 | | | ||||||
DIVERSIFIED – 0.0%(f) | | ||||||||||||
Arrow Bidco LLC, 9.50%, 3/15/24(a) | | | | | 25,000 | | | | | | 24,781 | | |
ENERGY – 4.8% | | ||||||||||||
Anadarko Petroleum Corp., Senior Bond, 6.45%, 9/15/36 | | | | | 315,000 | | | | | | 363,317 | | |
Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.38%, 9/15/24 | | | | | 200,000 | | | | | | 201,560 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27(a) | | | | $ | 50,000 | | | | | $ | 50,750 | | |
Antero Resources Corp., 5.00%, 3/1/25 | | | | | 75,000 | | | | | | 73,781 | | |
Antero Resources Corp., 5.38%, 11/1/21 | | | | | 150,000 | | | | | | 150,563 | | |
Apache Corp., Senior Bond, 4.25%, 1/15/44 | | | | | 500,000 | | | | | | 443,876 | | |
Archrock Partners L.P./Archrock Partners Finance Corp., 6.88%, 4/1/27(a) | | | | | 75,000 | | | | | | 76,478 | | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/1/26(a) | | | | | 75,000 | | | | | | 72,094 | | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., Senior Note, 10.00%, 4/1/22(a) | | | | | 162,000 | | | | | | 177,439 | | |
Basic Energy Services, Inc., 10.75%, 10/15/23(a) | | | | | 25,000 | | | | | | 20,000 | | |
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22(a) | | | | | 100,000 | | | | | | 101,500 | | |
Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Note, 6.63%, 7/15/26(a) | | | | | 25,000 | | | | | | 25,500 | | |
BP Capital Markets America, Inc., 3.79%, 2/6/24 | | | | | 285,000 | | | | | | 295,916 | | |
Brazos Valley Longhorn LLC/Brazos Valley Longhorn Finance Corp., 6.88%, 2/1/25 | | | | | 150,000 | | | | | | 151,500 | | |
Bruin E&P Partners LLC, 8.88%, 8/1/23(a) | | | | | 100,000 | | | | | | 95,250 | | |
Buckeye Partners L.P., 3.95%, 12/1/26 | | | | | 251,000 | | | | | | 238,833 | | |
Calfrac Holdings L.P., Senior Note, 8.50%, 6/15/26(a) | | | | | 100,000 | | | | | | 77,500 | | |
California Resources Corp., Secured Note, 8.00%, 12/15/22(a) | | | | | 600,000 | | | | | | 471,180 | | |
Callon Petroleum Co., 6.13%, 10/1/24 | | | | | 100,000 | | | | | | 100,500 | | |
Callon Petroleum Co., 6.38%, 7/1/26 | | | | | 75,000 | | | | | | 75,188 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Canadian Natural Resources Ltd., Senior Bond, 6.25%, 3/15/38 | | | | $ | 200,000 | | | | | $ | 241,029 | | |
Carrizo Oil & Gas, Inc., 6.25%, 4/15/23 | | | | | 200,000 | | | | | | 196,504 | | |
Cenovus Energy, Inc., Senior Bond, 4.45%, 9/15/42 | | | | | 500,000 | | | | | | 442,864 | | |
Cenovus Energy, Inc., Senior Bond, 5.25%, 6/15/37 | | | | | 300,000 | | | | | | 298,050 | | |
Cenovus Energy, Inc., Senior Note, 4.25%, 4/15/27 | | | | | 267,000 | | | | | | 262,654 | | |
Centennial Resource Production LLC, 5.38%, 1/15/26(a) | | | | | 100,000 | | | | | | 95,875 | | |
Chaparral Energy, Inc., Senior Note, 8.75%, 7/15/23(a) | | | | | 50,000 | | | | | | 34,250 | | |
Cheniere Corpus Christi Holdings LLC, Senior Secured Note, 5.13%, 6/30/27 | | | | | 225,000 | | | | | | 235,969 | | |
Cheniere Corpus Christi Holdings LLC, Senior Secured Note, 7.00%, 6/30/24 | | | | | 105,000 | | | | | | 118,524 | | |
Cheniere Energy Partners L.P., 5.25%, 10/1/25 | | | | | 125,000 | | | | | | 127,813 | | |
Chesapeake Energy Corp., 6.63%, 8/15/20 | | | | | 300,000 | | | | | | 307,875 | | |
Chesapeake Energy Corp., 8.00%, 1/15/25 | | | | | 150,000 | | | | | | 153,000 | | |
Chevron Corp., 2.90%, 3/3/24 | | | | | 763,000 | | | | | | 772,666 | | |
Cimarex Energy Co., 4.38%, 3/15/29 | | | | | 130,000 | | | | | | 133,876 | | |
Citgo Holding, Inc., Senior Secured Note, 10.75%, 2/15/20(a) | | | | | 80,000 | | | | | | 82,016 | | |
CNX Midstream Partners L.P./CNX Midstream Finance Corp., Senior Note, 6.50%, 3/15/26(a) | | | | | 50,000 | | | | | | 48,375 | | |
CNX Resources Corp., 5.88%, 4/15/22 | | | | | 66,000 | | | | | | 65,835 | | |
Concho Resources, Inc., 4.30%, 8/15/28 | | | | | 90,000 | | | | | | 92,912 | | |
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 5/15/25(a) | | | | | 150,000 | | | | | | 139,080 | | |
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.75%, 4/1/25 | | | | | 200,000 | | | | | | 205,000 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
CrownRock L.P./CrownRock Finance, Inc., Senior Note, 5.63%, 10/15/25(a) | | | | $ | 125,000 | | | | | $ | 120,000 | | |
DCP Midstream Operating L.P., 5.38%, 7/15/25 | | | | | 250,000 | | | | | | 260,625 | | |
Denbury Resources, Inc., 6.38%, 8/15/21 | | | | | 150,000 | | | | | | 116,250 | | |
Denbury Resources, Inc., 7.50%, 2/15/24(a) | | | | | 25,000 | | | | | | 21,344 | | |
Denbury Resources, Inc., Secured Note, 9.00%, 5/15/21(a) | | | | | 125,000 | | | | | | 121,563 | | |
Diamond Offshore Drilling, Inc., Senior Note, 7.88%, 8/15/25 | | | | | 175,000 | | | | | | 168,875 | | |
Ecopetrol S.A., Senior Note, 4.13%, 1/16/25 | | | | | 200,000 | | | | | | 202,002 | | |
Enable Midstream Partners L.P., Senior Note, 4.95%, 5/15/28 | | | | | 159,000 | | | | | | 161,713 | | |
Enbridge, Inc., 3.31%, 6/15/20 (3 month USD LIBOR + 0.70%)(c) | | | | | 675,000 | | | | | | 675,574 | | |
Encana Corp., Senior Bond, 7.38%, 11/1/31 | | | | | 231,000 | | | | | | 290,932 | | |
Energy Transfer Operating L.P., 4.25%, 3/15/23 | | | | | 125,000 | | | | | | 128,276 | | |
Energy Transfer Operating L.P., 4.50%, 4/15/24 | | | | | 160,000 | | | | | | 167,167 | | |
Energy Transfer Operating L.P., 4.90%, 3/15/35 | | | | | 45,000 | | | | | | 42,826 | | |
Energy Transfer Operating L.P., 4.95%, 6/15/28 | | | | | 115,000 | | | | | | 120,725 | | |
Energy Transfer Operating L.P., 5.25%, 4/15/29 | | | | | 175,000 | | | | | | 187,956 | | |
Energy Transfer Operating L.P., 5.30%, 4/15/47 | | | | | 110,000 | | | | | | 108,420 | | |
Energy Transfer Operating L.P., 6.25%, 4/15/49 | | | | | 133,000 | | | | | | 149,066 | | |
Energy Transfer Operating L.P., 7.50%, 10/15/20 | | | | | 350,000 | | | | | | 372,501 | | |
Energy Transfer Operating 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)(d) | | | | | 150,000 | | | | | | 141,750 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
EnLink Midstream Partners L.P., 5.45%, 6/1/47 | | | | $ | 150,000 | | | | | $ | 133,500 | | |
EnLink Midstream Partners L.P., 5.60%, 4/1/44 | | | | | 75,000 | | | | | | 67,125 | | |
EnLink Midstream Partners L.P., Senior Bond, 5.05%, 4/1/45 | | | | | 10,000 | | | | | | 8,625 | | |
EnLink Midstream Partners L.P., Senior Note, 4.85%, 7/15/26 | | | | | 338,000 | | | | | | 335,465 | | |
Ensco PLC, Senior Note, 7.75%, 2/1/26 | | | | | 100,000 | | | | | | 84,375 | | |
Enterprise Products Operating LLC, 4.80%, 2/1/49 | | | | | 195,000 | | | | | | 207,072 | | |
Enterprise Products Operating LLC, 4.85%, 8/15/42 | | | | | 200,000 | | | | | | 210,187 | | |
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) | | | | | 143,000 | | | | | | 132,275 | | |
EOG Resources, Inc., Senior Bond, 5.10%, 1/15/36 | | | | | 175,000 | | | | | | 199,184 | | |
EOG Resources, Inc., Senior Note, 2.63%, 3/15/23 | | | | | 500,000 | | | | | | 496,579 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., 6.38%, 6/15/23 | | | | | 200,000 | | | | | | 39,000 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., 9.38%, 5/1/20 | | | | | 150,000 | | | | | | 67,500 | | |
EP Energy LLC/Everest Acquisition Finance, Inc., Secured Note, 9.38%, 5/1/24(a) | | | | | 375,000 | | | | | | 133,125 | | |
EQT Corp., Senior Note, 3.36%, 10/1/20 (3 month USD LIBOR + 0.77%)(c) | | | | | 1,385,000 | | | | | | 1,377,521 | | |
EQT Midstream Partners L.P., Senior Note, Series 5Y, 4.75%, 7/15/23 | | | | | 270,000 | | | | | | 275,492 | | |
FTS International, Inc., Senior Secured Note, 6.25%, 5/1/22 | | | | | 225,000 | | | | | | 217,687 | | |
Gulfport Energy Corp., 6.00%, 10/15/24 | | | | | 150,000 | | | | | | 136,146 | | |
Halcon Resources Corp., 6.75%, 2/15/25 | | | | | 75,000 | | | | | | 45,000 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Hess Infrastructure Partners L.P./Hess Infrastructure Partners Finance Corp., Senior Note, 5.63%, 2/15/26(a) | | | | $ | 150,000 | | | | | $ | 152,625 | | |
Hilcorp Energy I L.P./Hilcorp Finance Co., Senior Note, 6.25%, 11/1/28(a) | | | | | 75,000 | | | | | | 75,188 | | |
Indigo Natural Resources LLC, Senior Note, 6.88%, 2/15/26(a) | | | | | 100,000 | | | | | | 88,500 | | |
Jones Energy Holdings LLC/Jones Energy Finance Corp., Senior Secured Note, 9.25%, 3/15/23(a) | | | | | 100,000 | | | | | | 54,250 | | |
Kinder Morgan Energy Partners L.P., 6.95%, 1/15/38 | | | | | 196,000 | | | | | | 238,614 | | |
Laredo Petroleum, Inc., 5.63%, 1/15/22 | | | | | 150,000 | | | | | | 137,063 | | |
Magellan Midstream Partners L.P., 4.85%, 2/1/49 | | | | | 150,000 | | | | | | 159,507 | | |
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 8/1/26(a) | | | | | 50,000 | | | | | | 50,500 | | |
Marathon Oil Corp., Senior Bond, 6.60%, 10/1/37 | | | | | 108,000 | | | | | | 127,375 | | |
Martin Midstream Partners L.P./Martin Midstream Finance Corp., 7.25%, 2/15/21 | | | | | 150,000 | | | | | | 145,500 | | |
Matador Resources Co., 5.88%, 9/15/26 | | | | | 50,000 | | | | | | 49,875 | | |
McDermott Technology Americas, Inc./McDermott Technology US, Inc., 10.63%, 5/1/24(a) | | | | | 200,000 | | | | | | 166,250 | | |
MEG Energy Corp., 6.38%, 1/30/23(a) | | | | | 250,000 | | | | | | 231,250 | | |
MEG Energy Corp., 7.00%, 3/31/24(a) | | | | | 100,000 | | | | | | 93,250 | | |
Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(a) | | | | | 150,000 | | | | | | 138,375 | | |
MPLX L.P., 4.00%, 3/15/28 | | | | | 126,000 | | | | | | 125,273 | | |
MPLX L.P., Senior Bond, 4.70%, 4/15/48 | | | | | 150,000 | | | | | | 143,878 | | |
MPLX L.P., Senior Bond, 4.80%, 2/15/29 | | | | | 4,000 | | | | | | 4,213 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
MPLX L.P., Senior Bond, 5.50%, 2/15/49 | | | | $ | 397,000 | | | | | $ | 424,224 | | |
MPLX L.P., Senior Note, 4.13%, 3/1/27 | | | | | 102,000 | | | | | | 102,725 | | |
Murphy Oil Corp., Senior Note, 5.75%, 8/15/25 | | | | | 200,000 | | | | | | 206,523 | | |
Murray Energy Corp., Secured Note, 11.25%, 4/15/21(a) | | | | | 75,000 | | | | | | 39,750 | | |
Murray Energy Corp., Secured Note, PIK (9.00% Cash and 3.00% PIK), 12.00%, 4/15/24(a)(e) | | | | | 252,208 | | | | | | 105,927 | | |
Nabors Industries, Inc., 5.50%, 1/15/23 | | | | | 100,000 | | | | | | 95,450 | | |
National Oilwell Varco, Inc., Senior Bond, 3.95%, 12/1/42 | | | | | 500,000 | | | | | | 422,787 | | |
NGPL PipeCo LLC, Senior Note, 4.38%, 8/15/22(a) | | | | | 200,000 | | | | | | 202,500 | | |
Nine Energy Service, Inc., Senior Note, 8.75%, 11/1/23(a) | | | | | 25,000 | | | | | | 25,813 | | |
Noble Energy, Inc., 4.95%, 8/15/47 | | | | | 312,000 | | | | | | 308,697 | | |
Noble Holding International Ltd., 7.75%, 1/15/24 | | | | | 21,000 | | | | | | 18,907 | | |
Noble Holding International Ltd., 7.88%, 2/1/26(a) | | | | | 100,000 | | | | | | 92,750 | | |
Oasis Petroleum, Inc., 6.88%, 3/15/22 | | | | | 275,000 | | | | | | 277,750 | | |
ONEOK, Inc., 4.95%, 7/13/47 | | | | | 150,000 | | | | | | 148,112 | | |
Parsley Energy LLC/Parsley Finance Corp., 6.25%, 6/1/24(a) | | | | | 150,000 | | | | | | 155,062 | | |
Pattern Energy Group, Inc., 5.88%, 2/1/24(a) | | | | | 500,000 | | | | | | 508,750 | | |
PBF Logistics L.P./PBF Logistics Finance Corp., 6.88%, 5/15/23 | | | | | 150,000 | | | | | | 152,625 | | |
Peabody Energy Corp., Senior Secured Note, 6.00%, 3/31/22(a) | | | | | 150,000 | | | | | | 151,125 | | |
Petroleos Mexicanos, 5.38%, 3/13/22 | | | | | 250,000 | | | | | | 254,750 | | |
Petroleos Mexicanos, 5.50%, 1/21/21 | | | | | 200,000 | | | | | | 203,400 | | |
Petroleos Mexicanos, 6.38%, 2/4/21 | | | | | 100,000 | | | | | | 103,700 | | |
Petroleos Mexicanos, 6.50%, 3/13/27 | | | | | 200,000 | | | | | | 200,842 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Petroleos Mexicanos, 6.75%, 9/21/47 | | | | $ | 400,000 | | | | | $ | 368,016 | | |
Phillips 66, 3.25%, 2/26/21 (3 month USD LIBOR + 0.60%)(c) | | | | | 881,000 | | | | | | 881,020 | | |
Phillips 66, 3.90%, 3/15/28 | | | | | 208,000 | | | | | | 211,817 | | |
Range Resources Corp., 5.00%, 3/15/23 | | | | | 150,000 | | | | | | 147,000 | | |
Sanchez Energy Corp., 6.13%, 1/15/23 | | | | | 250,000 | | | | | | 33,750 | | |
Sanchez Energy Corp., 7.75%, 6/15/21 | | | | | 150,000 | | | | | | 20,813 | | |
Schlumberger Holdings Corp., 3.75%, 5/1/24(a) | | | | | 189,000 | | | | | | 193,234 | | |
SemGroup Corp., 7.25%, 3/15/26 | | | | | 70,000 | | | | | | 67,900 | | |
SESI LLC, 7.75%, 9/15/24 | | | | | 150,000 | | | | | | 124,125 | | |
Seven Generations Energy Ltd., 5.38%, 9/30/25(a) | | | | | 150,000 | | | | | | 146,625 | | |
Shelf Drilling Holdings Ltd., 8.25%, 2/15/25(a) | | | | | 50,000 | | | | | | 47,375 | | |
SM Energy Co., Senior Note, 6.75%, 9/15/26 | | | | | 325,000 | | | | | | 311,594 | | |
Southwestern Energy Co., 6.20%, 1/23/25 | | | | | 167,000 | | | | | | 164,077 | | |
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.50%, 8/15/22 | | | | | 150,000 | | | | | | 148,500 | | |
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)(d) | | | | | 100,000 | | | | | | 92,500 | | |
Sunoco L.P./Sunoco Finance Corp., 4.88%, 1/15/23 | | | | | 150,000 | | | | | | 152,385 | | |
Sunoco L.P./Sunoco Finance Corp., 5.50%, 2/15/26 | | | | | 75,000 | | | | | | 74,250 | | |
Sunoco L.P./Sunoco Finance Corp., 6.00%, 4/15/27(a) | | | | | 100,000 | | | | | | 100,250 | | |
Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 4.75%, 10/1/23(a) | | | | | 25,000 | | | | | | 25,149 | | |
Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 5.88%, 4/15/26(a) | | | | | 200,000 | | | | | | 211,400 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 6.50%, 7/15/27(a) | | | | $ | 250,000 | | | | | $ | 269,687 | | |
Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 6.88%, 1/15/29(a) | | | | | 75,000 | | | | | | 81,656 | | |
TerraForm Power Operating LLC, 4.25%, 1/31/23(a) | | | | | 100,000 | | | | | | 98,799 | | |
Topaz Solar Farms LLC, Senior Secured Bond, 4.88%, 9/30/39(a) | | | | | 413,907 | | | | | | 405,252 | | |
Transcanada Trust, 5.30%, 3/15/77 (5.30% fixed rate until 3/15/27; 3.21% + 3 month USD LIBOR thereafter)(c) | | | | | 156,000 | | | | | | 145,860 | | |
Transcanada Trust, 5.63%, 5/20/75 (5.63% fixed rate until 5/20/25; 3.53% + 3 month USD LIBOR thereafter)(c) | | | | | 110,000 | | | | | | 107,547 | | |
Transocean Guardian Ltd., Senior Secured Note, 5.88%, 1/15/24(a) | | | | | 23,625 | | | | | | 23,979 | | |
Transocean, Inc., 7.50%, 1/15/26(a) | | | | | 175,000 | | | | | | 172,812 | | |
Transocean, Inc., 9.00%, 7/15/23(a) | | | | | 100,000 | | | | | | 106,625 | | |
USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, 9/1/27(a) | | | | | 75,000 | | | | | | 76,219 | | |
Valero Energy Corp., 4.00%, 4/1/29 | | | | | 248,000 | | | | | | 249,638 | | |
Valero Energy Partners L.P., Senior Note, 4.50%, 3/15/28 | | | | | 350,000 | | | | | | 362,340 | | |
Vine Oil & Gas L.P./Vine Oil & Gas Finance Corp., 8.75%, 4/15/23(a) | | | | | 175,000 | | | | | | 139,125 | | |
Vine Oil & Gas L.P./Vine Oil & Gas Finance Corp., 9.75%, 4/15/23(a) | | | | | 100,000 | | | | | | 82,500 | | |
W&T Offshore, Inc., Secured Note, 9.75%, 11/1/23(a) | | | | | 25,000 | | | | | | 24,906 | | |
Warrior Met Coal, Inc., Senior Secured Note, 8.00%, 11/1/24(a) | | | | | 103,000 | | | | | | 107,571 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
ENERGY – (continued) | | ||||||||||||
Weatherford International Ltd., 8.25%, 6/15/23 | | | | $ | 100,000 | | | | | $ | 70,750 | | |
Weatherford International Ltd., 9.88%, 2/15/24 | | | | | 150,000 | | | | | | 108,000 | | |
Western Midstream Operating L.P., 5.30%, 3/1/48 | | | | | 10,000 | | | | | | 9,485 | | |
Whiting Petroleum Corp., 5.75%, 3/15/21 | | | | | 100,000 | | | | | | 101,150 | | |
Whiting Petroleum Corp., 6.63%, 1/15/26 | | | | | 150,000 | | | | | | 147,000 | | |
Williams Cos., Inc. (The), Senior Bond, 4.90%, 1/15/45 | | | | | 200,000 | | | | | | 200,043 | | |
Woodside Finance Ltd., 3.70%, 3/15/28(a) | | | | | 500,000 | | | | | | 482,543 | | |
WPX Energy, Inc., Senior Note, 5.75%, 6/1/26 | | | | | 150,000 | | | | | | 152,250 | | |
Total Energy | | | | | | | | | | | 28,671,487 | | |
FINANCIAL – 11.3% | | ||||||||||||
Abay Leasing 2014 LLC, 2.65%, 11/9/26 | | | | | 645,833 | | | | | | 647,792 | | |
Acrisure LLC/Acrisure Finance, Inc., 8.13%, 2/15/24(a) | | | | | 100,000 | | | | | | 103,616 | | |
Acrisure LLC/Acrisure Finance, Inc., Senior Note, 7.00%, 11/15/25(a) | | | | | 100,000 | | | | | | 90,000 | | |
Alexandria Real Estate Equities, Inc., 4.00%, 1/15/24 | | | | | 400,000 | | | | | | 413,906 | | |
Ally Financial, Inc., 8.00%, 11/1/31 | | | | | 150,000 | | | | | | 186,187 | | |
Ally Financial, Inc., Senior Note, 3.75%, 11/18/19 | | | | | 350,000 | | | | | | 350,875 | | |
Ally Financial, Inc., Senior Note, 4.13%, 3/30/20 | | | | | 500,000 | | | | | | 503,295 | | |
American Express Co., 3.40%, 2/22/24 | | | | | 369,000 | | | | | | 375,133 | | |
American Express Co., Senior Note, 4.20%, 11/6/25 | | | | | 125,000 | | | | | | 132,276 | | |
American International Group, Inc., Senior Bond, 3.88%, 1/15/35 | | | | | 16,000 | | | | | | 14,650 | | |
American Tower Corp., 4.00%, 6/1/25 | | | | | 166,000 | | | | | | 170,899 | | |
Ameriprise Financial, Inc., 3.00%, 3/22/22 | | | | | 207,000 | | | | | | 208,229 | | |
Ardonagh Midco 3 PLC, Senior Secured Note, 8.63%, 7/15/23(a) | | | | | 200,000 | | | | | | 171,000 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
ASB Bank Ltd., Senior Note, 3.75%, 6/14/23(a) | | | | $ | 1,200,000 | | | | | $ | 1,228,148 | | |
ASP AMC Merger Sub, Inc., Senior Note, 8.00%, 5/15/25(a) | | | | | 150,000 | | | | | | 67,500 | | |
AssuredPartners, Inc., Senior Note, 7.00%, 8/15/25(a) | | | | | 100,000 | | | | | | 92,500 | | |
Athene Holding Ltd., Senior Note, 4.13%, 1/12/28 | | | | | 193,000 | | | | | | 185,504 | | |
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) | | | | | 246,000 | | | | | | 252,801 | | |
Bank of America Corp., 4.27%, 7/23/29 (4.27% fixed rate until 7/23/28; 1.31% + 3 month USD LIBOR thereafter)(c) | | | | | 132,000 | | | | | | 137,572 | | |
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)(d) | | | | | 350,000 | | | | | | 355,127 | | |
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 | | | | | | 735,650 | | |
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 | | | | | | 622,967 | | |
Bank of America Corp., Senior Note, 2.15%, 11/9/20 | | | | | 500,000 | | | | | | 494,961 | | |
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) | | | | | 375,000 | | | | | | 380,874 | | |
Bank of America Corp., Series DD, 6.30%, 3/10/26 (6.30% fixed rate until 3/10/26; 4.55% + 3 month USD LIBOR thereafter)(c)(d) | | | | | 75,000 | | | | | | 81,469 | | |
Bank of America Corp., Subordinated Bond, 6.11%, 1/29/37 | | | | | 290,000 | | | | | | 344,881 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Bank of America Corp., Subordinated Note, 4.18%, 11/25/27 | | | | $ | 282,000 | | | | | $ | 286,819 | | |
Bank of America NA, 3.34%, 1/25/23 (3.34% fixed rate until 1/25/22; 0.65% + 3 month USD LIBOR thereafter)(c) | | | | | 317,000 | | | | | | 321,056 | | |
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 | | | | | | 483,500 | | |
Bank of New York Mellon Corp. (The), Subordinated Bond, 3.30%, 8/23/29 | | | | | 500,000 | | | | | | 499,882 | | |
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)(d) | | | | | 434,000 | | | | | | 402,027 | | |
BankUnited, Inc., 4.88%, 11/17/25 | | | | | 805,000 | | | | | | 838,874 | | |
BB&T Corp., 3.88%, 3/19/29 | | | | | 1,000,000 | | | | | | 1,011,144 | | |
BB&T Corp., Senior Note, 3.20%, 9/3/21 | | | | | 290,000 | | | | | | 293,244 | | |
BB&T Corp., Senior Note, 3.70%, 6/5/25 | | | | | 1,000,000 | | | | | | 1,038,012 | | |
Brandywine Operating Partnership L.P., 3.95%, 2/15/23 | | | | | 500,000 | | | | | | 511,017 | | |
Brighthouse Financial, Inc., Senior Bond, 4.70%, 6/22/47 | | | | | 219,000 | | | | | | 174,406 | | |
Brixmor Operating Partnership L.P., 3.65%, 6/15/24 | | | | | 500,000 | | | | | | 499,024 | | |
Brixmor Operating Partnership L.P., Senior Note, 3.90%, 3/15/27 | | | | | 500,000 | | | | | | 491,518 | | |
Canadian Imperial Bank of Commerce, 3.15%, 6/27/21(a) | | | | | 500,000 | | | | | | 506,116 | | |
Canadian Imperial Bank of Commerce, Senior Note, 2.10%, 10/5/20 | | | | | 480,000 | | | | | | 476,048 | | |
Chubb INA Holdings, Inc., 2.88%, 11/3/22 | | | | | 203,000 | | | | | | 204,695 | | |
CIT Group, Inc., 5.00%, 8/1/23 | | | | | 100,000 | | | | | | 104,875 | | |
Citigroup, Inc., 3.30%, 4/27/25 | | | | | 99,000 | | | | | | 98,928 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Citigroup, Inc., 4.65%, 7/23/48 | | | | $ | 265,000 | | | | | $ | 285,426 | | |
Citigroup, Inc., 5.88%, 2/22/33 | | | | | 169,000 | | | | | | 193,560 | | |
Citigroup, Inc., Junior Subordinated Note, 5.90%, 2/15/23 (5.90% fixed rate until 2/15/23; 4.23% + 3 month USD LIBOR thereafter)(c)(d) | | | | | 250,000 | | | | | | 254,687 | | |
Citigroup, Inc., Senior Note, 3.20%, 10/21/26 | | | | | 1,527,000 | | | | | | 1,496,827 | | |
Citigroup, Inc., Subordinated Bond, 4.75%, 5/18/46 | | | | | 75,000 | | | | | | 77,577 | | |
Citigroup, Inc., Subordinated Bond, 6.00%, 10/31/33 | | | | | 117,000 | | | | | | 136,903 | | |
Citigroup, Inc., Subordinated Note, 4.45%, 9/29/27 | | | | | 244,000 | | | | | | 251,004 | | |
Citizens Bank NA, Senior Note, 2.25%, 3/2/20 | | | | | 500,000 | | | | | | 497,647 | | |
Citizens Bank NA/Providence, 3.46%, 5/26/22 (3 month USD LIBOR + 0.81%)(c) | | | | | 1,550,000 | | | | | | 1,547,926 | | |
CNA Financial Corp., 3.95%, 5/15/24 | | | | | 365,000 | | | | | | 371,117 | | |
Columbia Property Trust Operating Partnership L.P., 4.15%, 4/1/25 | | | | | 241,000 | | | | | | 241,227 | | |
Cooke Omega Investments, Inc./Alpha VesselCo Holdings, Inc., Senior Secured Note, 8.50%, 12/15/22(a) | | | | | 50,000 | | | | | | 48,925 | | |
Credit Acceptance Corp., 6.63%, 3/15/26(a) | | | | | 50,000 | | | | | | 50,750 | | |
Crown Castle International Corp., 5.20%, 2/15/49 | | | | | 177,000 | | | | | | 186,593 | | |
Danske Bank A/S, Senior Note, 3.88%, 9/12/23(a) | | | | | 200,000 | | | | | | 196,557 | | |
Digital Realty Trust L.P., 3.95%, 7/1/22 | | | | | 500,000 | | | | | | 513,197 | | |
Discover Bank, 4.65%, 9/13/28 | | | | | 750,000 | | | | | | 785,749 | | |
Drawbridge Special Opportunities Fund L.P./Drawbridge Special Opportunities Fin, Senior Note, 5.00%, 8/1/21(a) | | | | | 1,200,000 | | | | | | 1,202,696 | | |
Equinix, Inc., 5.38%, 1/1/22 | | | | | 125,000 | | | | | | 128,212 | | |
Equinix, Inc., Senior Note, 5.38%, 4/1/23 | | | | | 200,000 | | | | | | 203,500 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Equinix, Inc., Senior Note, 5.75%, 1/1/25 | | | | $ | 50,000 | | | | | $ | 51,844 | | |
ERP Operating L.P., Senior Note, 4.15%, 12/1/28 | | | | | 136,000 | | | | | | 145,155 | | |
ESH Hospitality, Inc., 5.25%, 5/1/25(a) | | | | | 125,000 | | | | | | 124,219 | | |
Export Leasing 2009 LLC, 1.86%, 8/28/21 | | | | | 273,599 | | | | | | 270,741 | | |
FelCor Lodging L.P., 6.00%, 6/1/25 | | | | | 150,000 | | | | | | 154,500 | | |
First Niagara Financial Group, Inc., Subordinated Note, 7.25%, 12/15/21 | | | | | 146,000 | | | | | | 161,305 | | |
Five Corners Funding Trust, Senior Note, 4.42%, 11/15/23(a) | | | | | 600,000 | | | | | | 633,723 | | |
FS Investment Corp., Senior Note, 4.25%, 1/15/20 | | | | | 945,000 | | | | | | 946,295 | | |
Genworth Holdings, Inc., 7.70%, 6/15/20 | | | | | 150,000 | | | | | | 149,622 | | |
Goldman Sachs Group, Inc. (The), 2.35%, 11/15/21 | | | | | 389,000 | | | | | | 383,079 | | |
Goldman Sachs Group, Inc. (The), 3.63%, 2/20/24 | | | | | 238,000 | | | | | | 240,496 | | |
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) | | | | | 131,000 | | | | | | 125,617 | | |
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) | | | | | 515,000 | | | | | | 527,031 | | |
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) | | | | | 114,000 | | | | | | 112,720 | | |
Goldman Sachs Group, Inc. (The), Series D, 6.00%, 6/15/20 | | | | | 80,000 | | | | | | 82,977 | | |
Goldman Sachs Group, Inc. (The), Subordinated Bond, 6.75%, 10/1/37 | | | | | 454,000 | | | | | | 555,759 | | |
Goldman Sachs Group, Inc. (The), Subordinated Note, 4.25%, 10/21/25 | | | | | 240,000 | | | | | | 245,832 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
HNA 2015 LLC, 2.37%, 9/18/27 | | | | $ | 448,913 | | | | | $ | 445,021 | | |
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)(d) | | | | | 200,000 | | | | | | 198,300 | | |
HSBC Holdings PLC, Senior Bond, 4.58%, 6/19/29 (4.58% fixed rate until 6/19/28; 1.53% + 3 month USD LIBOR thereafter)(c) | | | | | 200,000 | | | | | | 210,468 | | |
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 | | | | | | 497,579 | | |
HUB International Ltd., Senior Note, 7.00%, 5/1/26(a) | | | | | 150,000 | | | | | | 148,500 | | |
Hudson Pacific Properties L.P., 4.65%, 4/1/29 | | | | | 325,000 | | | | | | 331,395 | | |
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 | | | | | | 353,325 | | |
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.25%, 2/1/22 | | | | | 275,000 | | | | | | 282,109 | | |
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.38%, 12/15/25 | | | | | 100,000 | | | | | | 102,375 | | |
Iron Mountain, Inc., 5.25%, 3/15/28(a) | | | | | 150,000 | | | | | | 145,500 | | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., Senior Note, 7.38%, 4/1/20(a) | | | | | 250,000 | | | | | | 250,000 | | |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc., Senior Bond, 4.15%, 1/23/30 | | | | | 168,000 | | | | | | 153,971 | | |
JPMorgan Chase & Co., 3.21%, 4/1/23 (3.21% fixed rate until 4/1/22; 0.70% + 3 month USD LIBOR thereafter)(c) | | | | | 619,000 | | | | | | 622,993 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
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)(d) | | | | $ | 350,000 | | | | | $ | 383,715 | | |
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)(d) | | | | | 312,000 | | | | | | 327,226 | | |
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) | | | | | 114,000 | | | | | | 112,053 | | |
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 | | | | | | 1,305,667 | | |
JPMorgan Chase & Co., Senior Bond, 4.45%, 12/5/29 (4.45% fixed rate until 12/5/28; 1.33% + 3 month USD LIBOR thereafter)(c) | | | | | 750,000 | | | | | | 800,775 | | |
Kennedy-Wilson, Inc., 5.88%, 4/1/24 | | | | | 225,000 | | | | | | 223,594 | | |
KeyBank NA, Senior Note, 2.30%, 9/14/22 | | | | | 560,000 | | | | | | 552,246 | | |
KeyBank NA, Subordinated Note, 3.40%, 5/20/26 | | | | | 500,000 | | | | | | 495,892 | | |
Kilroy Realty L.P., 4.75%, 12/15/28 | | | | | 700,000 | | | | | | 745,225 | | |
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.88%, 8/1/21(a) | | | | | 150,000 | | | | | | 152,812 | | |
Liberty Mutual Group, Inc., 4.85%, 8/1/44(a) | | | | | 120,000 | | | | | | 122,986 | | |
Lions Gate Capital Holdings LLC, 6.38%, 2/1/24(a) | | | | | 75,000 | | | | | | 78,563 | | |
M&T Bank Corp., 3.45%, 7/26/23 (3 month USD LIBOR + 0.68%)(c) | | | | | 1,000,000 | | | | | | 998,701 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
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 | | | | | $ | 7,792 | | |
Manufacturers & Traders Trust Co., 3.27%, 12/1/21 (3 month USD LIBOR + 0.64%)(c) | | | | | 1,000,000 | | | | | | 995,060 | | |
Manufacturers & Traders Trust Co., Subordinated Note, 3.40%, 8/17/27 | | | | | 500,000 | | | | | | 511,146 | | |
Marsh & McLennan Cos., Inc., 3.50%, 12/29/20 | | | | | 124,000 | | | | | | 125,652 | | |
MassMutual Global Funding II, 2.75%, 6/22/24(a) | | | | | 200,000 | | | | | | 197,934 | | |
MGIC Investment Corp., 5.75%, 8/15/23 | | | | | 50,000 | | | | | | 52,813 | | |
MGM Growth Properties Operating Partnership L.P./MGP Finance Co-Issuer, Inc., 5.75%, 2/1/27(a) | | | | | 75,000 | | | | | | 77,625 | | |
Mizuho Financial Group, Inc., Senior Note, 3.55%, 3/5/23 | | | | | 726,000 | | | | | | 740,104 | | |
Morgan Stanley, 4.43%, 1/23/30 (4.43% fixed rate until 1/23/29; 1.63% + 3 month USD LIBOR thereafter)(c) | | | | | 644,000 | | | | | | 679,739 | | |
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 | | | | | | 1,162,662 | | |
Morgan Stanley, Subordinated Note, 5.00%, 11/24/25 | | | | | 1,245,000 | | | | | | 1,335,369 | | |
MPT Operating Partnership L.P./MPT Finance Corp., 6.38%, 3/1/24 | | | | | 150,000 | | | | | | 156,937 | | |
National Rural Utilities Cooperative Finance Corp., 2.40%, 4/25/22 | | | | | 156,000 | | | | | | 154,966 | | |
Nationstar Mortgage Holdings, Inc., Senior Note, 8.13%, 7/15/23(a) | | | | | 50,000 | | | | | | 51,500 | | |
Nationstar Mortgage Holdings, Inc., Senior Note, 9.13%, 7/15/26(a) | | | | | 50,000 | | | | | | 50,750 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
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 | | | | | $ | 232,929 | | |
Navient Corp., Senior Note, 5.00%, 10/26/20 | | | | | 225,000 | | | | | | 228,094 | | |
Navient Corp., Senior Note, 6.50%, 6/15/22 | | | | | 200,000 | | | | | | 208,437 | | |
Navient Corp., Senior Note, 6.75%, 6/25/25 | | | | | 500,000 | | | | | | 495,775 | | |
Navient Corp., Senior Note, 6.75%, 6/15/26 | | | | | 50,000 | | | | | | 47,875 | | |
Nederlandse Waterschapsbank N.V., Senior Note, 2.38%, 3/24/26(a) | | | | | 500,000 | | | | | | 493,182 | | |
New York Community Bancorp, Inc., Subordinated Note, 5.90%, 11/6/28 (5.90% fixed rate until 11/6/23; 2.78% + 3 month USD LIBOR thereafter)(c) | | | | | 387,000 | | | | | | 388,045 | | |
Newmark Group, Inc., 6.13%, 11/15/23 | | | | | 50,000 | | | | | | 51,552 | | |
NFP Corp., Senior Note, 6.88%, 7/15/25(a) | | | | | 100,000 | | | | | | 95,500 | | |
Nuveen Finance LLC, 4.13%, 11/1/24(a) | | | | | 400,000 | | | | | | 420,657 | | |
Penta Aircraft Leasing 2013 LLC, 1.69%, 4/29/25 | | | | | 374,480 | | | | | | 362,962 | | |
People’s United Bank NA, Subordinated Note, 4.00%, 7/15/24 | | | | | 500,000 | | | | | | 505,182 | | |
People’s United Financial, Inc., Senior Note, 3.65%, 12/6/22 | | | | | 500,000 | | | | | | 503,851 | | |
PNC Bank NA, Senior Note, 3.10%, 10/25/27 | | | | | 500,000 | | | | | | 499,344 | | |
PNC Bank NA, Senior Note, 3.50%, 6/8/23 | | | | | 430,000 | | | | | | 442,415 | | |
Private Export Funding Corp., Series MM, 2.30%, 9/15/20 | | | | | 500,000 | | | | | | 499,477 | | |
Progressive Corp. (The), Senior Bond, 3.70%, 1/26/45 | | | | | 500,000 | | | | | | 487,076 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Prudential Financial, Inc., 5.70%, 9/15/48 (5.70% fixed rate until 9/15/28; 2.67% + 3 month USD LIBOR thereafter)(c) | | | | $ | 117,000 | | | | | $ | 118,410 | | |
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) | | | | | 240,000 | | | | | | 249,600 | | |
Radian Group, Inc., Senior Note, 4.50%, 10/1/24 | | | | | 150,000 | | | | | | 147,750 | | |
Realogy Group LLC/Realogy Co-Issuer Corp., 4.88%, 6/1/23(a) | | | | | 100,000 | | | | | | 93,000 | | |
Realogy Group LLC/Realogy Co-Issuer Corp., 5.25%, 12/1/21(a) | | | | | 150,000 | | | | | | 151,125 | | |
Realogy Group LLC/Realogy Co-Issuer Corp., 9.38%, 4/1/27(a) | | | | | 25,000 | | | | | | 25,594 | | |
Regency Centers L.P., 3.75%, 6/15/24 | | | | | 500,000 | | | | | | 508,322 | | |
Regions Bank, 3.19%, 8/13/21 (3 month USD LIBOR + 0.50%)(c) | | | | | 600,000 | | | | | | 596,939 | | |
Regions Bank, Senior Note, 2.97%, 4/1/21 (3 month USD LIBOR + 0.38%)(c) | | | | | 1,250,000 | | | | | | 1,242,339 | | |
Regions Financial Corp., Subordinated Bond, 7.38%, 12/10/37 | | | | | 505,000 | | | | | | 674,179 | | |
Reinvestment Fund, Inc. (The), 3.88%, 2/15/27 | | | | | 500,000 | | | | | | 506,092 | | |
Renaissance Holding Ltd., 3.60%, 4/15/29 | | | | | 195,000 | | | | | | 191,882 | | |
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)(d) | | | | | 200,000 | | | | | | 213,000 | | |
Sandalwood 2013 LLC, 2.82%, 2/12/26 | | | | | 130,540 | | | | | | 131,651 | | |
Sandalwood 2013 LLC, 2.84%, 7/10/25 | | | | | 453,855 | | | | | | 457,365 | | |
SBA Communications Corp., Senior Note, 4.88%, 7/15/22 | | | | | 150,000 | | | | | | 152,062 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Simon Property Group L.P., Senior Note, 4.13%, 12/1/21 | | | | $ | 236,000 | | | | | $ | 244,155 | | |
Springleaf Finance Corp., 6.13%, 3/15/24 | | | | | 25,000 | | | | | | 25,562 | | |
Springleaf Finance Corp., 6.88%, 3/15/25 | | | | | 275,000 | | | | | | 283,937 | | |
Springleaf Finance Corp., 7.13%, 3/15/26 | | | | | 200,000 | | | | | | 203,624 | | |
State Street Corp., Senior Note, 2.65%, 5/19/26 | | | | | 500,000 | | | | | | 489,398 | | |
SunTrust Bank, 3.50%, 8/2/22 (3.50% fixed rate until 8/2/21; 0.59% + 3 month USD LIBOR thereafter)(c) | | | | | 187,000 | | | | | | 189,664 | | |
SunTrust Bank/Atlanta GA, 3.20%, 4/1/24 | | | | | 555,000 | | | | | | 559,310 | | |
SunTrust Banks, Inc., Senior Note, 4.00%, 5/1/25 | | | | | 389,000 | | | | | | 407,248 | | |
SVB Financial Group, Senior Note, 3.50%, 1/29/25 | | | | | 500,000 | | | | | | 494,180 | | |
Synchrony Financial, 4.25%, 8/15/24 | | | | | 174,000 | | | | | | 175,143 | | |
Synchrony Financial, 4.38%, 3/19/24 | | | | | 141,000 | | | | | | 142,891 | | |
Tagua Leasing LLC, 1.58%, 11/16/24 | | | | | 650,407 | | | | | | 631,382 | | |
Tagua Leasing LLC, 1.90%, 7/12/24 | | | | | 175,186 | | | | | | 171,458 | | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Senior Note, 6.75%, 6/1/25(a) | | | | | 100,000 | | | | | | 100,750 | | |
UBS Group Funding Switzerland AG, 3.49%, 5/23/23(a) | | | | | 340,000 | | | | | | 341,742 | | |
US Bancorp, Subordinated Note, 2.95%, 7/15/22 | | | | | 1,000,000 | | | | | | 1,003,586 | | |
US Bank NA, Senior Note, 2.93%, 5/21/21 (3 month USD LIBOR + 0.29%)(c) | | | | | 500,000 | | | | | | 499,704 | | |
Webster Financial Corp., 4.10%, 3/25/29 | | | | | 376,000 | | | | | | 376,319 | | |
Wells Fargo & Co., 3.55%, 9/29/25 | | | | | 1,204,000 | | | | | | 1,225,546 | | |
Wells Fargo Capital X, 5.95%, 12/1/86 | | | | | 98,000 | | | | | | 107,800 | | |
Welltower, Inc., 3.95%, 9/1/23 | | | | | 275,000 | | | | | | 285,349 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Werner FinCo L.P./Werner FinCo, Inc., 8.75%, 7/15/25(a) | | | | $ | 150,000 | | | | | $ | 129,240 | | |
Willis North America, Inc., 5.05%, 9/15/48 | | | | | 133,000 | | | | | | 138,646 | | |
Zions Bancorp NA, 3.35%, 3/4/22 | | | | | 600,000 | | | | | | 605,188 | | |
Zions Bancorp NA, 3.50%, 8/27/21 | | | | | 500,000 | | | | | | 505,316 | | |
Total Financial | | | | | | | | | | | 67,363,083 | | |
INDUSTRIAL – 5.1% | | ||||||||||||
3M Co., 2.99%, 2/14/24 (3 month USD LIBOR + 0.30%)(c) | | | | | 1,000,000 | | | | | | 995,031 | | |
3M Co., 3.25%, 2/14/24 | | | | | 151,000 | | | | | | 155,661 | | |
3M Co., Senior Bond, 3.63%, 10/15/47 | | | | | 500,000 | | | | | | 492,838 | | |
ABB Finance USA, Inc., 3.38%, 4/3/23 | | | | | 325,000 | | | | | | 330,402 | | |
American Woodmark Corp., 4.88%, 3/15/26(a) | | | | | 75,000 | | | | | | 73,313 | | |
Arconic, Inc., Senior Bond, 5.95%, 2/1/37 | | | | | 100,000 | | | | | | 98,794 | | |
Arconic, Inc., Senior Note, 5.13%, 10/1/24 | | | | | 100,000 | | | | | | 102,598 | | |
Arconic, Inc., Senior Note, 5.90%, 2/1/27 | | | | | 175,000 | | | | | | 181,725 | | |
ARD Finance S.A., Senior Secured Note, PIK (7.125% Cash or 7.875% PIK), 7.13%, 9/15/23(e) | | | | | 200,000 | | | | | | 199,250 | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 6.00%, 2/15/25(a) | | | | | 400,000 | | | | | | 400,000 | | |
Arrow Electronics, Inc., 4.00%, 4/1/25 | | | | | 126,000 | | | | | | 126,064 | | |
Berry Global, Inc., 5.50%, 5/15/22 | | | | | 200,000 | | | | | | 203,000 | | |
Berry Global, Inc., 6.00%, 10/15/22 | | | | | 150,000 | | | | | | 154,500 | | |
BMC East LLC, Senior Secured Note, 5.50%, 10/1/24(a) | | | | | 150,000 | | | | | | 147,375 | | |
Bombardier, Inc., Senior Note, 6.00%, 10/15/22(a) | | | | | 250,000 | | | | | | 252,188 | | |
Bombardier, Inc., Senior Note, 7.50%, 3/15/25(a) | | | | | 100,000 | | | | | | 103,000 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Brand Industrial Services, Inc., Senior Note, 8.50%, 7/15/25(a) | | | | $ | 100,000 | | | | | $ | 89,750 | | |
Builders FirstSource, Inc., Senior Secured Note, 5.63%, 9/1/24(a) | | | | | 250,000 | | | | | | 246,250 | | |
BWAY Holding Co., Senior Note, 7.25%, 4/15/25(a) | | | | | 275,000 | | | | | | 265,202 | | |
BWX Technologies, Inc., 5.38%, 7/15/26(a) | | | | | 50,000 | | | | | | 50,750 | | |
Caterpillar Financial Services Corp., 3.15%, 9/7/21 | | | | | 109,000 | | | | | | 110,263 | | |
Caterpillar Financial Services Corp., Senior Note, 2.55%, 11/29/22 | | | | | 194,000 | | | | | | 193,114 | | |
Caterpillar Financial Services Corp., Senior Note, 3.45%, 5/15/23 | | | | | 261,000 | | | | | | 268,369 | | |
Cleaver-Brooks, Inc., 7.88%, 3/1/23(a) | | | | | 25,000 | | | | | | 23,125 | | |
Cloud Crane LLC, 10.13%, 8/1/24(a) | | | | | 100,000 | | | | | | 107,500 | | |
CNH Industrial Capital LLC, 4.20%, 1/15/24 | | | | | 761,000 | | | | | | 781,424 | | |
CNH Industrial N.V., Senior Note, 3.85%, 11/15/27 | | | | | 246,000 | | | | | | 235,865 | | |
Colfax Corp., 6.00%, 2/15/24(a) | | | | | 25,000 | | | | | | 26,031 | | |
Colfax Corp., 6.38%, 2/15/26(a) | | | | | 25,000 | | | | | | 26,609 | | |
Corning, Inc., Senior Bond, 4.38%, 11/15/57 | | | | | 500,000 | | | | | | 465,942 | | |
Crowley Conro LLC, 4.18%, 8/15/43 | | | | | 490,000 | | | | | | 523,720 | | |
CSX Corp., Senior Bond, 4.25%, 3/15/29 | | | | | 200,000 | | | | | | 212,559 | | |
CSX Corp., Senior Bond, 4.75%, 11/15/48 | | | | | 500,000 | | | | | | 543,311 | | |
DAE Funding LLC, 4.50%, 8/1/22(a) | | | | | 350,000 | | | | | | 353,062 | | |
DAE Funding LLC, Senior Note, 5.25%, 11/15/21(a) | | | | | 100,000 | | | | | | 102,000 | | |
Energizer Holdings, Inc., 5.50%, 6/15/25(a) | | | | | 75,000 | | | | | | 74,344 | | |
Energizer Holdings, Inc., 6.38%, 7/15/26(a) | | | | | 50,000 | | | | | | 51,250 | | |
Energizer Holdings, Inc., 7.75%, 1/15/27(a) | | | | | 75,000 | | | | | | 79,969 | | |
EnPro Industries, Inc., Senior Note, 5.75%, 10/15/26(a) | | | | | 50,000 | | | | | | 50,375 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Flex Acquisition Co., Inc., Senior Note, 7.88%, 7/15/26(a) | | | | $ | 50,000 | | | | | $ | 48,250 | | |
Fortress Transportation & Infrastructure Investors LLC, 6.50%, 10/1/25(a) | | | | | 50,000 | | | | | | 49,375 | | |
Fortress Transportation & Infrastructure Investors LLC, 6.75%, 3/15/22(a) | | | | | 25,000 | | | | | | 25,438 | | |
frontdoor, Inc., 6.75%, 8/15/26(a) | | | | | 50,000 | | | | | | 51,125 | | |
GATX Corp., 4.70%, 4/1/29 | | | | | 90,000 | | | | | | 93,851 | | |
GATX Corp., Senior Note, 3.25%, 9/15/26 | | | | | 9,000 | | | | | | 8,567 | | |
GATX Corp., Senior Note, 3.45%, 11/5/21 (1 month USD LIBOR + 0.72%)(c) | | | | | 1,500,000 | | | | | | 1,492,270 | | |
General Dynamics Corp., 2.88%, 5/11/20 | | | | | 245,000 | | | | | | 245,811 | | |
General Electric Co., 5.30%, 2/11/21 | | | | | 507,000 | | | | | | 524,811 | | |
Greif, Inc., 6.50%, 3/1/27(a) | | | | | 50,000 | | | | | | 51,125 | | |
Griffon Corp., 5.25%, 3/1/22 | | | | | 150,000 | | | | | | 147,563 | | |
Harris Corp., Senior Note, 4.40%, 6/15/28 | | | | | 355,000 | | | | | | 373,689 | | |
Illinois Tool Works, Inc., 3.50%, 3/1/24 | | | | | 168,000 | | | | | | 173,687 | | |
James Hardie International Finance DAC, Senior Note, 4.75%, 1/15/25(a) | | | | | 150,000 | | | | | | 147,750 | | |
JB Hunt Transport Services, Inc., 3.88%, 3/1/26 | | | | | 239,000 | | | | | | 242,611 | | |
JELD-WEN, Inc., 4.63%, 12/15/25(a) | | | | | 150,000 | | | | | | 142,500 | | |
John Deere Capital Corp., 2.95%, 4/1/22 | | | | | 358,000 | | | | | | 361,361 | | |
John Deere Capital Corp., 3.45%, 1/10/24 | | | | | 248,000 | | | | | | 254,894 | | |
John Deere Capital Corp., Senior Note, 2.05%, 3/10/20 | | | | | 67,000 | | | | | | 66,634 | | |
John Deere Capital Corp., Senior Note, 2.35%, 1/8/21 | | | | | 88,000 | | | | | | 87,618 | | |
John Deere Capital Corp., Senior Note, 3.65%, 10/12/23 | | | | | 114,000 | | | | | | 118,241 | | |
Kansas City Southern, 4.30%, 5/15/43 | | | | | 663,000 | | | | | | 648,348 | | |
Kansas City Southern, 4.70%, 5/1/48 | | | | | 100,000 | | | | | | 104,773 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Kirby Corp., Senior Note, 4.20%, 3/1/28 | | | | $ | 208,000 | | | | | $ | 209,984 | | |
L3 Technologies, Inc., 4.40%, 6/15/28 | | | | | 126,000 | | | | | | 132,334 | | |
Manitowoc Co., Inc. (The), 9.00%, 4/1/26(a) | | | | | 25,000 | | | | | | 25,313 | | |
Mueller Water Products, Inc., Senior Note, 5.50%, 6/15/26(a) | | | | | 100,000 | | | | | | 101,500 | | |
Multi-Color Corp., 6.13%, 12/1/22(a) | | | | | 200,000 | | | | | | 206,000 | | |
New Enterprise Stone & Lime Co., Inc., Senior Note, 10.13%, 4/1/22(a) | | | | | 125,000 | | | | | | 126,563 | | |
New Enterprise Stone & Lime Co., Inc., Senior Secured Note, 6.25%, 3/15/26(a) | | | | | 100,000 | | | | | | 97,261 | | |
Norfolk Southern Corp., 5.10%, 8/1/2118 | | | | | 185,000 | | | | | | 193,796 | | |
Novelis Corp., 5.88%, 9/30/26(a) | | | | | 200,000 | | | | | | 199,000 | | |
Owens Corning, 4.20%, 12/15/22 | | | | | 400,000 | | | | | | 410,680 | | |
Owens Corning, 4.30%, 7/15/47 | | | | | 326,000 | | | | | | 264,243 | | |
Owens-Brockway Glass Container, Inc., 5.00%, 1/15/22(a) | | | | | 150,000 | | | | | | 153,750 | | |
Owens-Brockway Glass Container, Inc., 6.38%, 8/15/25(a) | | | | | 50,000 | | | | | | 52,375 | | |
Park Aerospace Holdings Ltd., 5.25%, 8/15/22(a) | | | | | 175,000 | | | | | | 179,358 | | |
Park-Ohio Industries, Inc., 6.63%, 4/15/27 | | | | | 90,000 | | | | | | 89,550 | | |
Penske Truck Leasing Co. L.P./PTL Finance Corp., 3.40%, 11/15/26(a) | | | | | 188,000 | | | | | | 180,047 | | |
Penske Truck Leasing Co. L.P./PTL Finance Corp., Senior Note, 3.95%, 3/10/25(a) | | | | | 300,000 | | | | | | 301,591 | | |
Penske Truck Leasing Co. L.P./PTL Finance Corp., Senior Note, 4.13%, 8/1/23(a) | | | | | 330,000 | | | | | | 339,789 | | |
PGT Escrow Issuer, Inc., 6.75%, 8/1/26(a) | | | | | 50,000 | | | | | | 51,875 | | |
Resideo Funding, Inc., 6.13%, 11/1/26(a) | | | | | 50,000 | | | | | | 51,625 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, Senior Secured Note, 5.13%, 7/15/23(a) | | | | $ | 250,000 | | | | | $ | 254,062 | | |
Rockwell Automation, Inc., 4.20%, 3/1/49 | | | | | 91,000 | | | | | | 96,820 | | |
Rockwell Automation, Inc., Senior Note, 2.88%, 3/1/25 | | | | | 600,000 | | | | | | 597,225 | | |
Rockwell Collins, Inc., Senior Bond, 4.35%, 4/15/47 | | | | | 555,000 | | | | | | 547,836 | | |
Roper Technologies, Inc., 4.20%, 9/15/28 | | | | | 395,000 | | | | | | 409,821 | | |
Sealed Air Corp., 5.13%, 12/1/24(a) | | | | | 150,000 | | | | | | 155,394 | | |
SPX FLOW, Inc., 5.63%, 8/15/24(a) | | | | | 68,000 | | | | | | 68,340 | | |
Standard Industries, Inc., Senior Note, 4.75%, 1/15/28(a) | | | | | 75,000 | | | | | | 71,625 | | |
Standard Industries, Inc., Senior Note, 5.38%, 11/15/24(a) | | | | | 215,000 | | | | | | 220,375 | | |
Standard Industries, Inc., Senior Note, 6.00%, 10/15/25(a) | | | | | 50,000 | | | | | | 52,355 | | |
Stanley Black & Decker, Inc., 3.40%, 3/1/26 | | | | | 239,000 | | | | | | 242,699 | | |
Stevens Holding Co., Inc., 6.13%, 10/1/26(a) | | | | | 25,000 | | | | | | 25,750 | | |
Summit Materials LLC/Summit Materials Finance Corp., 5.13%, 6/1/25(a) | | | | | 55,000 | | | | | | 53,075 | | |
Summit Materials LLC/Summit Materials Finance Corp., 6.13%, 7/15/23 | | | | | 150,000 | | | | | | 153,128 | | |
Summit Materials LLC/Summit Materials Finance Corp., 6.50%, 3/15/27(a) | | | | | 25,000 | | | | | | 25,188 | | |
Tennant Co., 5.63%, 5/1/25 | | | | | 200,000 | | | | | | 201,500 | | |
TopBuild Corp., 5.63%, 5/1/26(a) | | | | | 125,000 | | | | | | 123,125 | | |
TransDigm, Inc., 6.00%, 7/15/22 | | | | | 175,000 | | | | | | 177,814 | | |
TransDigm, Inc., 6.25%, 3/15/26(a) | | | | | 250,000 | | | | | | 259,375 | | |
TransDigm, Inc., 6.50%, 5/15/25 | | | | | 200,000 | | | | | | 203,020 | | |
TransDigm, Inc., 7.50%, 3/15/27(a) | | | | | 100,000 | | | | | | 102,375 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Trimble, Inc., 4.75%, 12/1/24 | | | | $ | 25,000 | | | | | $ | 25,696 | | |
Trimble, Inc., Senior Note, 4.15%, 6/15/23 | | | | | 600,000 | | | | | | 610,856 | | |
Trimble, Inc., Senior Note, 4.90%, 6/15/28 | | | | | 431,000 | | | | | | 440,726 | | |
Triumph Group, Inc., 5.25%, 6/1/22 | | | | | 150,000 | | | | | | 144,000 | | |
Union Pacific Corp., Senior Bond, 4.38%, 9/10/38 | | | | | 825,000 | | | | | | 860,607 | | |
Union Pacific Corp., Senior Bond, 4.38%, 11/15/65 | | | | | 425,000 | | | | | | 411,960 | | |
Union Pacific Railroad Co. 2015-1 Pass Through Trust, 2.70%, 5/12/27 | | | | | 558,827 | | | | | | 548,221 | | |
United Parcel Service, Inc., Senior Bond, 3.40%, 11/15/46 | | | | | 1,135,000 | | | | | | 1,019,668 | | |
United Parcel Service, Inc., Senior Note, 3.04%, 4/1/23 (3 month USD LIBOR + 0.45%)(c) | | | | | 1,030,000 | | | | | | 1,032,088 | | |
United Technologies Corp., 3.95%, 8/16/25 | | | | | 380,000 | | | | | | 394,916 | | |
United Technologies Corp., 4.13%, 11/16/28 | | | | | 145,000 | | | | | | 151,119 | | |
US Concrete, Inc., 6.38%, 6/1/24 | | | | | 150,000 | | | | | | 152,250 | | |
Valmont Industries, Inc., 5.00%, 10/1/44 | | | | | 6,000 | | | | | | 5,642 | | |
Vertiv Group Corp., Senior Note, 9.25%, 10/15/24(a) | | | | | 100,000 | | | | | | 99,500 | | |
Vertiv Intermediate Holding Corp., Senior Note, PIK (12.00% Cash or 13.00% PIK), 12.00%, 2/15/22(a)(e) | | | | | 200,000 | | | | | | 193,000 | | |
Waste Management, Inc., 3.90%, 3/1/35 | | | | | 250,000 | | | | | | 250,864 | | |
Weekley Homes LLC/Weekley Finance Corp., Senior Note, 6.00%, 2/1/23 | | | | | 150,000 | | | | | | 144,375 | | |
WRKCo, Inc., 3.00%, 9/15/24 | | | | | 500,000 | | | | | | 488,912 | | |
WRKCo, Inc., 3.38%, 9/15/27 | | | | | 525,000 | | | | | | 507,090 | | |
WRKCo, Inc., 4.65%, 3/15/26 | | | | | 800,000 | | | | | | 849,213 | | |
XPO Logistics, Inc., 6.13%, 9/1/23(a) | | | | | 200,000 | | | | | | 201,250 | | |
XPO Logistics, Inc., 6.50%, 6/15/22(a) | | | | | 169,000 | | | | | | 172,718 | | |
Total Industrial | | | | | | | | | | | 30,469,022 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
TECHNOLOGY – 1.7% | | ||||||||||||
ACI Worldwide, Inc., 5.75%, 8/15/26(a) | | | | $ | 50,000 | | | | | $ | 51,188 | | |
Amkor Technology, Inc., 6.63%, 9/15/27(a) | | | | | 25,000 | | | | | | 25,375 | | |
Apple, Inc., Senior Bond, 3.85%, 8/4/46 | | | | | 325,000 | | | | | | 329,349 | | |
Apple, Inc., Senior Note, 2.85%, 5/6/21 | | | | | 246,000 | | | | | | 247,578 | | |
Apple, Inc., Senior Note, 2.85%, 2/23/23 | | | | | 500,000 | | | | | | 504,525 | | |
Apple, Inc., Senior Note, 3.00%, 6/20/27 | | | | | 500,000 | | | | | | 498,237 | | |
Ascend Learning LLC, 6.88%, 8/1/25(a) | | | | | 50,000 | | | | | | 49,688 | | |
Banff Merger Sub, Inc., 9.75%, 9/1/26(a) | | | | | 50,000 | | | | | | 48,500 | | |
Boardcom, Inc., 3.13%, 4/15/21(a) | | | | | 70,000 | | | | | | 69,917 | | |
Boardcom, Inc., 3.13%, 10/15/22(a) | | | | | 50,000 | | | | | | 49,772 | | |
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 1/15/24 | | | | | 275,000 | | | | | | 274,434 | | |
Camelot Finance S.A., Senior Note, 7.88%, 10/15/24(a) | | | | | 125,000 | | | | | | 131,875 | | |
CDK Global, Inc., Senior Note, 5.88%, 6/15/26 | | | | | 100,000 | | | | | | 104,500 | | |
CDW LLC/CDW Finance Corp., 5.00%, 9/1/25 | | | | | 225,000 | | | | | | 230,625 | | |
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 3/1/25(a) | | | | | 150,000 | | | | | | 148,417 | | |
Dell International LLC/EMC Corp., 5.88%, 6/15/21(a) | | | | | 250,000 | | | | | | 254,691 | | |
Dell International LLC/EMC Corp., Senior Secured Bond, 8.10%, 7/15/36(a) | | | | | 172,000 | | | | | | 202,564 | | |
Donnelley Financial Solutions, Inc., 8.25%, 10/15/24 | | | | | 200,000 | | | | | | 201,500 | | |
EMC Corp., Senior Note, 2.65%, 6/1/20 | | | | | 546,000 | | | | | | 541,931 | | |
Everi Payments, Inc., 7.50%, 12/15/25(a) | | | | | 100,000 | | | | | | 103,750 | | |
Exela Intermediate LLC/Exela Finance, Inc., Senior Secured Note, 10.00%, 7/15/23(a) | | | | | 150,000 | | | | | | 152,737 | | |
First Data Corp., 5.38%, 8/15/23(a) | | | | | 175,000 | | | | | | 178,829 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
TECHNOLOGY – (continued) | | ||||||||||||
Harland Clarke Holdings Corp., Senior Note, 9.25%, 3/1/21(a) | | | | $ | 225,000 | | | | | $ | 224,156 | | |
Harland Clarke Holdings Corp., Senior Secured Note, 8.38%, 8/15/22(a) | | | | | 100,000 | | | | | | 90,170 | | |
Hewlett Packard Enterprise Co., Senior Bond, 6.20%, 10/15/35 | | | | | 156,000 | | | | | | 165,233 | | |
IBM Credit LLC, Senior Note, 3.00%, 2/6/23 | | | | | 922,000 | | | | | | 929,316 | | |
Infor US, Inc., 6.50%, 5/15/22 | | | | | 350,000 | | | | | | 354,812 | | |
Intel Corp., Senior Note, 2.45%, 7/29/20 | | | | | 416,000 | | | | | | 415,514 | | |
International Business Machines Corp., 2.50%, 1/27/22 | | | | | 139,000 | | | | | | 137,905 | | |
j2 Cloud Services LLC/j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(a) | | | | | 150,000 | | | | | | 155,812 | | |
Micron Technology, Inc., 4.64%, 2/6/24 | | | | | 25,000 | | | | | | 25,659 | | |
Micron Technology, Inc., 4.98%, 2/6/26 | | | | | 25,000 | | | | | | 25,471 | | |
Micron Technology, Inc., 5.33%, 2/6/29 | | | | | 232,000 | | | | | | 238,487 | | |
Micron Technology, Inc., Senior Note, 5.50%, 2/1/25 | | | | | 50,000 | | | | | | 51,555 | | |
Microsoft Corp., Senior Bond, 3.95%, 8/8/56 | | | | | 325,000 | | | | | | 339,428 | | |
NCR Corp., 5.88%, 12/15/21 | | | | | 100,000 | | | | | | 101,680 | | |
NXP B.V./NXP Funding LLC, 4.13%, 6/1/21(a) | | | | | 200,000 | | | | | | 203,752 | | |
Oracle Corp., Senior Bond, 4.00%, 7/15/46 | | | | | 250,000 | | | | | | 251,390 | | |
Oracle Corp., Senior Note, 2.95%, 11/15/24 | | | | | 299,000 | | | | | | 299,917 | | |
Qorvo, Inc., 5.50%, 7/15/26(a) | | | | | 125,000 | | | | | | 129,075 | | |
Rackspace Hosting, Inc., 8.63%, 11/15/24(a) | | | | | 100,000 | | | | | | 89,088 | | |
Solera LLC/Solera Finance, Inc., Senior Note, 10.50%, 3/1/24(a) | | | | | 150,000 | | | | | | 162,588 | | |
SS&C Technologies, Inc., 5.50%, 9/30/27(a) | | | | | 225,000 | | | | | | 227,250 | | |
Texas Instruments, Inc., 3.88%, 3/15/39 | | | | | 525,000 | | | | | | 544,541 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
TECHNOLOGY – (continued) | | ||||||||||||
Veritas U.S., Inc./Veritas Bermuda Ltd., 10.50%, 2/1/24(a) | | | | $ | 200,000 | | | | | $ | 178,500 | | |
Western Digital Corp., 4.75%, 2/15/26 | | | | | 400,000 | | | | | | 381,500 | | |
Total Technology | | | | | | | | | | | 10,122,781 | | |
UTILITIES – 5.4% | | ||||||||||||
AEP Transmission Co. LLC, 4.25%, 9/15/48 | | | | | 425,000 | | | | | | 451,879 | | |
Alabama Power Co., Senior Bond, Series A, 4.30%, 7/15/48 | | | | | 280,000 | | | | | | 297,439 | | |
Alliant Energy Finance LLC, 3.75%, 6/15/23(a) | | | | | 300,000 | | | | | | 306,090 | | |
American Electric Power Co., Inc., Senior Note, 3.20%, 11/13/27 | | | | | 186,000 | | | | | | 182,221 | | |
AmeriGas Partners L.P./AmeriGas Finance Corp., Senior Note, 5.50%, 5/20/25 | | | | | 150,000 | | | | | | 149,438 | | |
Appalachian Power Co., Series Y, 4.50%, 3/1/49 | | | | | 92,000 | | | | | | 95,915 | | |
Avangrid, Inc., Senior Note, 3.15%, 12/1/24 | | | | | 500,000 | | | | | | 494,509 | | |
Brooklyn Union Gas Co. (The), 4.49%, 3/4/49(a) | | | | | 1,000,000 | | | | | | 1,077,967 | | |
Calpine Corp., 5.25%, 6/1/26(a) | | | | | 200,000 | | | | | | 199,000 | | |
Calpine Corp., 6.00%, 1/15/22(a) | | | | | 150,000 | | | | | | 151,688 | | |
Calpine Corp., Senior Note, 5.38%, 1/15/23 | | | | | 300,000 | | | | | | 300,375 | | |
Calpine Corp., Senior Note, 5.50%, 2/1/24 | | | | | 150,000 | | | | | | 149,063 | | |
Clearway Energy Operating LLC, 5.00%, 9/15/26 | | | | | 150,000 | | | | | | 142,875 | | |
Clearway Energy Operating LLC, 5.75%, 10/15/25(a) | | | | | 525,000 | | | | | | 526,969 | | |
Commonwealth Edison Co., 3.70%, 8/15/28 | | | | | 820,000 | | | | | | 860,574 | | |
Connecticut Light & Power Co. (The), 2.50%, 1/15/23 | | | | | 1,000,000 | | | | | | 994,830 | | |
Connecticut Light & Power Co. (The), 4.00%, 4/1/48 | | | | | 605,000 | | | | | | 628,422 | | |
Consolidated Edison Co. of New York, Inc., Senior Bond, 3.85%, 6/15/46 | | | | | 389,000 | | | | | | 378,888 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Consumers Energy Co., 3.95%, 7/15/47 | | | | $ | 389,000 | | | | | $ | 402,431 | | |
Dominion Energy, Inc., Junior Subordinated Bond, 5.75%, 10/1/54 (5.75% fixed rate until 10/1/24; 3.06% + 3 month USD LIBOR thereafter)(c) | | | | | 106,000 | | | | | | 108,147 | | |
Dominion Energy, Inc., Senior Note, 4.25%, 6/1/28 | | | | | 270,000 | | | | | | 283,453 | | |
Dominion Energy, Inc., Senior Note, Series D, 2.85%, 8/15/26 | | | | | 194,000 | | | | | | 186,759 | | |
DTE Electric Co., 3.95%, 3/1/49 | | | | | 351,000 | | | | | | 361,709 | | |
Duke Energy Florida LLC, 3.80%, 7/15/28 | | | | | 550,000 | | | | | | 574,729 | | |
Duke Energy Ohio, Inc., 4.30%, 2/1/49 | | | | | 50,000 | | | | | | 53,530 | | |
Duke Energy Progress LLC, 2.80%, 5/15/22 | | | | | 172,000 | | | | | | 173,019 | | |
Electricite de France S.A., Senior Note, 2.35%, 10/13/20(a) | | | | | 20,000 | | | | | | 19,887 | | |
Electricite de France S.A., Senior Note, 3.63%, 10/13/25(a) | | | | | 500,000 | | | | | | 510,528 | | |
Entergy Arkansas LLC, 4.20%, 4/1/49 | | | | | 143,000 | | | | | | 147,943 | | |
Entergy Louisiana LLC, 4.20%, 9/1/48 | | | | | 310,000 | | | | | | 323,025 | | |
Entergy Texas, Inc., 4.50%, 3/30/39 | | | | | 537,000 | | | | | | 566,240 | | |
FirstEnergy Corp., Senior Bond, Series C, 4.85%, 7/15/47 | | | | | 100,000 | | | | | | 107,441 | | |
FirstEnergy Corp., Senior Bond, Series C, 7.38%, 11/15/31 | | | | | 636,000 | | | | | | 842,325 | | |
FirstEnergy Corp., Senior Note, Series B, 3.90%, 7/15/27 | | | | | 46,000 | | | | | | 46,710 | | |
FirstEnergy Transmission LLC, 4.55%, 4/1/49(a) | | | | | 221,000 | | | | | | 225,788 | | |
Florida Power & Light Co., 3.99%, 3/1/49 | | | | | 535,000 | | | | | | 561,306 | | |
Fortis, Inc., Senior Note, 2.10%, 10/4/21 | | | | | 504,000 | | | | | | 493,090 | | |
Fortis, Inc., Senior Note, 3.06%, 10/4/26 | | | | | 330,000 | | | | | | 315,894 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Georgia Power Co., Senior Note, Series C, 2.00%, 9/8/20 | | | | $ | 140,000 | | | | | $ | 138,722 | | |
Interstate Power & Light Co., 3.60%, 4/1/29 | | | | | 150,000 | | | | | | 150,538 | | |
Interstate Power & Light Co., Senior Bond, 3.70%, 9/15/46 | | | | | 1,000,000 | | | | | | 931,522 | | |
Interstate Power & Light Co., Senior Note, 3.25%, 12/1/24 | | | | | 1,000,000 | | | | | | 1,005,421 | | |
Interstate Power & Light Co., Senior Note, 4.10%, 9/26/28 | | | | | 500,000 | | | | | | 523,113 | | |
Israel Electric Corp. Ltd., Senior Secured Note, 6.88%, 6/21/23(a) | | | | | 400,000 | | | | | | 445,720 | | |
Jersey Central Power & Light Co., 4.30%, 1/15/26(a) | | | | | 101,000 | | | | | | 105,218 | | |
Kansas City Power & Light Co., Series 2019, 4.13%, 4/1/49 | | | | | 97,000 | | | | | | 100,746 | | |
KeySpan Gas East Corp., 2.74%, 8/15/26(a) | | | | | 500,000 | | | | | | 478,941 | | |
Louisville Gas & Electric Co., 4.25%, 4/1/49 | | | | | 288,000 | | | | | | 303,133 | | |
Metropolitan Edison Co., 4.30%, 1/15/29(a) | | | | | 211,000 | | | | | | 221,050 | | |
MidAmerican Energy Co., 3.10%, 5/1/27 | | | | | 624,000 | | | | | | 627,846 | | |
MidAmerican Energy Co., 3.65%, 4/15/29 | | | | | 800,000 | | | | | | 833,393 | | |
MidAmerican Energy Co., 3.95%, 8/1/47 | | | | | 500,000 | | | | | | 511,077 | | |
MidAmerican Energy Co., 4.25%, 7/15/49 | | | | | 650,000 | | | | | | 692,108 | | |
New England Power Co., Senior Bond, 3.80%, 12/5/47(a) | | | | | 500,000 | | | | | | 484,100 | | |
NextEra Energy Operating Partners L.P., 4.25%, 9/15/24(a) | | | | | 325,000 | | | | | | 322,562 | | |
NextEra Energy Operating Partners L.P., 4.50%, 9/15/27(a) | | | | | 250,000 | | | | | | 243,750 | | |
NiSource, Inc., Senior Bond, 5.65%, 2/1/45 | | | | | 135,000 | | | | | | 157,133 | | |
NRG Energy, Inc., 6.63%, 1/15/27 | | | | | 150,000 | | | | | | 161,438 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Oglethorpe Power Corp., 5.05%, 10/1/48(a) | | | | $ | 411,000 | | | | | $ | 452,072 | | |
Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28 | | | | | 720,000 | | | | | | 752,193 | | |
ONE Gas, Inc., Senior Bond, 4.50%, 11/1/48 | | | | | 550,000 | | | | | | 608,107 | | |
Pacific Gas & Electric Co., 5.40%, 1/15/40 | | | | | 75,000 | | | | | | 71,250 | | |
Pacific Gas & Electric Co., 6.05%, 3/1/34 | | | | | 125,000 | | | | | | 124,063 | | |
Pacific Gas & Electric Co., Senior Bond, 4.45%, 4/15/42 | | | | | 75,000 | | | | | | 64,313 | | |
PacifiCorp, 4.13%, 1/15/49 | | | | | 135,000 | | | | | | 139,821 | | |
PPL Electric Utilities Corp., 4.15%, 6/15/48 | | | | | 85,000 | | | | | | 89,777 | | |
PSEG Power LLC, 3.85%, 6/1/23 | | | | | 1,110,000 | | | | | | 1,137,705 | | |
Public Service Co. of Colorado, 3.70%, 6/15/28 | | | | | 190,000 | | | | | | 198,228 | | |
Public Service Co. of Colorado, 4.10%, 6/15/48 | | | | | 616,000 | | | | | | 649,703 | | |
Puget Sound Energy, Inc., 4.22%, 6/15/48 | | | | | 220,000 | | | | | | 234,330 | | |
Sempra Energy, Senior Bond, 3.80%, 2/1/38 | | | | | 500,000 | | | | | | 458,927 | | |
Sempra Energy, Senior Note, 3.29%, 1/15/21 (3 month USD LIBOR + 0.50%)(c) | | | | | 358,000 | | | | | | 354,989 | | |
South Carolina Electric & Gas Co., 5.10%, 6/1/65 | | | | | 330,000 | | | | | | 379,731 | | |
Southern California Edison Co., 3.40%, 6/1/23 | | | | | 1,000,000 | | | | | | 992,599 | | |
Southern California Edison Co., Series C, 4.13%, 3/1/48 | | | | | 1,110,000 | | | | | | 1,063,995 | | |
Southern California Gas Co., Series VV, 4.30%, 1/15/49 | | | | | 75,000 | | | | | | 80,487 | | |
Southern Power Co., Senior Note, 4.15%, 12/1/25 | | | | | 500,000 | | | | | | 517,910 | | |
Star Energy Geothermal Wayang Windu Ltd., Senior Secured Bond, 6.75%, 4/24/33(a) | | | | | 491,500 | | | | | | 492,675 | | |
Talen Energy Supply LLC, 10.50%, 1/15/26(a) | | | | | 100,000 | | | | | | 104,200 | | |
Tampa Electric Co., Senior Bond, 4.30%, 6/15/48 | | | | | 500,000 | | | | | | 503,297 | | |
Vistra Energy Corp., 7.63%, 11/1/24 | | | | | 150,000 | | | | | | 158,628 | | |
Investments | | | Principal Amount | | | Value | | ||||||
CORPORATE BONDS – (continued) | | ||||||||||||
UTILITIES – (continued) | | ||||||||||||
Vistra Operations Co. LLC, 5.50%, 9/1/26(a) | | | | $ | 225,000 | | | | | $ | 234,000 | | |
Vistra Operations Co. LLC, 5.63%, 2/15/27(a) | | | | | 175,000 | | | | | | 181,781 | | |
Total Utilities | | | | | | | | | | | 32,174,408 | | |
TOTAL CORPORATE BONDS (Cost: $249,883,426) | | | | | | | | | | | 253,560,320 | | |
ASSET-BACKED SECURITIES – 13.4% | | ||||||||||||
ACC Trust, Series 2019-1, Class A, 3.75%, 5/20/22(a) | | | | | 1,464,009 | | | | | | 1,470,464 | | |
Adams Outdoor Advertising L.P., Series 2018-1, Class A, 4.81%, 11/15/48(a) | | | | | 1,462,985 | | | | | | 1,527,493 | | |
Allegro CLO IV Ltd., Series 2016-1A, Class A, 4.19%, 1/15/29 (3 month USD LIBOR + 1.40%)(a)(c) | | | | | 1,000,000 | | | | | | 1,000,045 | | |
Americredit Automobile Receivables Trust, Series 2018-2, Class C, 3.59%, 6/18/24 | | | | | 500,000 | | | | | | 508,306 | | |
Americredit Automobile Receivables Trust, Series 2018-3, Class C, 3.74%, 10/18/24 | | | | | 500,000 | | | | | | 511,538 | | |
Americredit Automobile Receivables Trust, Series 2019-1, Class B, 3.13%, 2/18/25 | | | | | 100,000 | | | | | | 100,796 | | |
Americredit Automobile Receivables Trust, Series 2019-1, Class C, 3.36%, 2/18/25 | | | | | 100,000 | | | | | | 100,945 | | |
Atlas Senior Loan Fund XI Ltd., Series 2018-11A, Class A1L, 3.87%, 7/26/31 (3 month USD LIBOR + 1.10%)(a)(c) | | | | | 1,000,000 | | | | | | 982,581 | | |
Avis Budget Rental Car Funding AESOP LLC, Series 2016-1A, Class A, 2.99%, 6/20/22(a) | | | | | 1,100,000 | | | | | | 1,101,679 | | |
Avis Budget Rental Car Funding AESOP LLC, Series 2018-2A, Class A, 4.00%, 3/20/25(a) | | | | | 200,000 | | | | | | 204,793 | | |
Avis Budget Rental Car Funding AESOP LLC, Series 2019-1A, Class A, 3.45%, 3/20/23(a) | | | | | 300,000 | | | | | | 303,178 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Ballyrock CLO Ltd., Series 2016-1A, Class AR, 3.95%, 10/15/28 (3 month USD LIBOR + 1.35%)(a)(c) | | | | $ | 500,000 | | | | | $ | 500,000 | | |
Battalion CLO VII Ltd., Series 2014-7A, Class A1RR, 3.81%, 7/17/28 (3 month USD LIBOR + 1.04%)(a)(c) | | | | | 1,250,000 | | | | | | 1,245,000 | | |
Battalion CLO XI Ltd., Series 2017-11A, Class A, 4.03%, 10/24/29 (3 month USD LIBOR + 1.25%)(a)(c) | | | | | 500,000 | | | | | | 500,046 | | |
Business Jet Securities LLC, Series 2018-2, Class B, 5.44%, 6/15/33(a) | | | | | 1,109,029 | | | | | | 1,123,341 | | |
Capital Automotive REIT, Series 2014-1A, Class A, 3.66%, 10/15/44(a) | | | | | 1,000,000 | | | | | | 1,000,797 | | |
Carlyle Global Market Strategies CLO Ltd., Series 2015-5A, Class A1R, 3.88%, 1/20/32 (3 month USD LIBOR +1.32%)(a)(c) | | | | | 750,000 | | | | | | 749,166 | | |
Catamaran CLO Ltd., Series 2014-1A, Class A1AR, 4.02%, 4/22/30 (3 month USD LIBOR + 1.26%)(a)(c) | | | | | 1,000,000 | | | | | | 995,789 | | |
Cazenovia Creek Funding II LLC, Series 2018-1A, Class A, 3.56%, 7/15/30(a) | | | | | 1,105,890 | | | | | | 1,103,631 | | |
CIFC Funding Ltd., Series 2014-5A, Class A1R2, 3.97%, 10/17/31 (3 month USD LIBOR + 1.20%)(a)(c) | | | | | 1,000,000 | | | | | | 993,063 | | |
Citibank Credit Card Issuance Trust, Series 2018-A7, Class A7, 3.96%, 10/13/30 | | | | | 700,000 | | | | | | 750,650 | | |
Commonbond Student Loan Trust, Series 2018-CGS, Class A1, 3.87%, 2/25/46(a) | | | | | 192,298 | | | | | | 195,007 | | |
Commonbond Student Loan Trust, Series 2018-CGS, Class A2, 3.29%, 2/25/46 (1 month USD LIBOR + 0.80%)(a)(c) | | | | | 278,912 | | | | | | 277,457 | | |
Credit Acceptance Auto Loan Trust, Series 2018-1A, Class A, 3.01%, 2/16/27(a) | | | | | 1,000,000 | | | | | | 1,000,798 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
CSMC Trust, Series 2018-RPL8, Class A1, 4.13%, 7/25/58(a)(c) | | | | $ | 190,092 | | | | | $ | 190,683 | | |
Dorchester Park CLO Ltd., Series 2015-1A, Class AR, 3.66%, 4/20/28 (3.25% fixed rate until 4/20/19; 0.90% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 1,000,000 | | | | | | 994,507 | | |
Drive Auto Receivables Trust, Series 2018-2, Class B, 3.22%, 4/15/22 | | | | | 500,000 | | | | | | 500,545 | | |
Drive Auto Receivables Trust, Series 2018-4, Class B, 3.36%, 10/17/22 | | | | | 600,000 | | | | | | 601,720 | | |
Elevation CLO Ltd., Series 2014-2A, Class A1R, 4.02%, 10/15/29 (3.57% fixed rate until 10/15/19; 1.23% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 500,000 | | | | | | 499,992 | | |
Elm Trust, Series 2018-2A, Class A2, 4.61%, 10/20/27(a) | | | | | 1,200,000 | | | | | | 1,212,556 | | |
Elm Trust, Series 2018-2A, Class B, 5.58%, 10/20/27(a) | | | | | 200,000 | | | | | | 202,159 | | |
Enterprise Fleet Financing LLC, Series 2017-2, Class A3, 2.22%, 1/20/23(a) | | | | | 1,300,000 | | | | | | 1,285,995 | | |
FCI Funding LLC, Series 2019-1A, Class A, 3.63%, 2/18/31(a) | | | | | 750,000 | | | | | | 749,872 | | |
Finance of America Structured Securities Trust, Series 2018-HB1, Class M1, 3.77%, 9/25/28(a)(c) | | | | | 1,350,000 | | | | | | 1,362,178 | | |
Ford Credit Auto Owner Trust, Series 2017-2, Class A, 2.36%, 3/15/29(a) | | | | | 400,000 | | | | | | 393,521 | | |
Ford Credit Auto Owner Trust, Series 2019-1, Class A, 3.52%, 7/15/30(a) | | | | | 700,000 | | | | | | 713,738 | | |
Ford Credit Auto Owner Trust/Ford Credit, Series 2018-2, Class A, 3.47%, 1/15/30(a) | | | | | 400,000 | | | | | | 407,122 | | |
FREED ABS TRUST, Series 2018-1, Class A, 3.61%, 7/18/24(a) | | | | | 462,669 | | | | | | 463,091 | | |
FREED ABS TRUST, Series 2018-1, Class B, 4.56%, 7/18/24(a) | | | | | 190,000 | | | | | | 192,056 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
GM Financial Consumer Automobile Receivables Trust, Series 2018-4, Class C, 3.62%, 6/17/24 | | | | $ | 100,000 | | | | | $ | 101,600 | | |
Hercules Capital Funding Trust, Series 2018-1A, Class A, 4.61%, 11/22/27(a) | | | | | 1,470,000 | | | | | | 1,502,547 | | |
HERO Funding Trust, Series 2016-1A, Class A, 4.05%, 9/20/41(a) | | | | | 485,183 | | | | | | 497,959 | | |
HERO Funding Trust, Series 2016-3A, Class A1, 3.08%, 9/20/42(a) | | | | | 444,021 | | | | | | 438,586 | | |
Hertz Vehicle Financing II L.P., Series 2016-2A, Class A, 2.95%, 3/25/22(a) | | | | | 1,000,000 | | | | | | 995,725 | | |
Jackson Mill CLO Ltd., Series 2015-1A, Class AR, 3.62%, 4/15/27 (3 month USD LIBOR + 0.83%)(a)(c) | | | | | 1,250,000 | | | | | | 1,243,750 | | |
JMP Credit Advisors Clo IV Ltd., Series 2017-1A, Class A, 4.14%, 7/17/29 (3 month USD LIBOR + 1.37%)(a)(c) | | | | | 250,000 | | | | | | 250,056 | | |
KREF Ltd., Series 2018-FL1, Class A, 3.58%, 6/15/36 (1 month USD LIBOR + 1.10%)(a)(c) | | | | | 1,450,000 | | | | | | 1,450,226 | | |
Legacy Mortgage Asset Trust, Series 2019-GS1, Class A1, 4.00%, 1/25/59(a) | | | | | 97,592 | | | | | | 98,160 | | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75%, 1/25/59(a) | | | | | 100,000 | | | | | | 100,066 | | |
Legacy Mortgage Asset Trust, Series 2019-SL1, Class A, 4.00%, 12/28/54(a) | | | | | 100,000 | | | | | | 99,909 | | |
Lendmark Funding Trust, Series 2017-2A, Class A, 2.80%, 5/20/26(a) | | | | | 1,300,000 | | | | | | 1,291,674 | | |
LIAS Administration Fee Issuer LLC, Series 2018-1A, Class A, 5.96%, 7/25/48 | | | | | 1,281,589 | | | | | | 1,300,941 | | |
LTCG Securitization Issuer LLC, Series 2018-A, Class A, 4.59%, 6/15/48(a) | | | | | 1,090,412 | | | | | | 1,095,184 | | |
Mariner Finance Issuance Trust, Series 2017-BA, Class A, 2.92%, 12/20/29(a) | | | | | 450,000 | | | | | | 447,949 | | |
Mariner Finance Issuance Trust, Series 2018-AA, Class A, 4.20%, 11/20/30(a) | | | | | 1,000,000 | | | | | | 1,017,362 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
MCA Fund II Holding LLC, Series 2017-1, Class A, 4.33%, 8/15/28 (3 month USD LIBOR + 1.65%)(a)(c) | | | | $ | 631,456 | | | | | $ | 631,450 | | |
Midocean Credit CLO IX, Series 2018-9A, Class A1, 3.91%, 7/20/31 (3 month USD LIBOR + 1.15%)(a)(c) | | | | | 500,000 | | | | | | 493,538 | | |
MMAF Equipment Finance LLC, Series 2018-A, Class A4, 3.39%, 1/10/25(a) | | | | | 100,000 | | | | | | 101,585 | | |
MMAF Equipment Finance LLC, Series 2018-A, Class A5, 3.61%, 3/10/42(a) | | | | | 100,000 | | | | | | 102,187 | | |
MMAF Equipment Finance LLC, Series 2019-A, Class A5, 3.08%, 11/12/41(a) | | | | | 300,000 | | | | | | 302,716 | | |
Mountain View CLO Ltd., Series 2015-9A, Class A1R, 3.91%, 7/15/31 (3 month USD LIBOR + 1.12%)(a)(c) | | | | | 1,000,000 | | | | | | 985,929 | | |
Mountain View CLO LLC, Series 2017-2A, Class A, 3.99%, 1/16/31 (3 month USD LIBOR + 1.21%)(a)(c) | | | | | 260,000 | | | | | | 256,992 | | |
Nationstar HECM Loan Trust, Series 2018-2A, Class M1, 3.55%, 7/25/28(a)(c) | | | | | 1,300,000 | | | | | | 1,310,101 | | |
Navient Private Education Refi Loan Trust, Series 2018-CA, Class A2, 3.52%, 6/16/42(a) | | | | | 200,000 | | | | | | 202,675 | | |
Navient Private Education Refi Loan Trust, Series 2019-A, Class A2A, 3.42%, 1/15/43(a) | | | | | 200,000 | | | | | | 202,858 | | |
Navient Student Loan Trust, Series 2018-EA, Class A2, 4.00%, 12/15/59(a) | | | | | 200,000 | | | | | | 208,152 | | |
New Residential Mortgage Loan Trust, Series 2018-RPL1, Class A1, 3.50%, 12/25/57(a)(c) | | | | | 673,148 | | | | | | 676,780 | | |
Newtek Small Business Loan Trust, Series 2018-1, Class A, 4.19%, 2/25/44 (1 month USD LIBOR + 1.70%)(a)(c) | | | | | 757,502 | | | | | | 757,501 | | |
Newtek Small Business Loan Trust, Series 2018-1, Class B, 5.49%, 2/25/44 (1 month USD LIBOR + 3.00%)(a)(c) | | | | | 364,548 | | | | | | 364,547 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
OnDeck Asset Securitization Trust LLC, Series 2018-1A, Class A, 3.50%, 4/18/22(a) | | | | $ | 1,100,000 | | | | | $ | 1,104,027 | | |
OneMain Direct Auto Receivables Trust, Series 2018-1A, Class A, 3.43%, 12/16/24(a) | | | | | 500,000 | | | | | | 505,360 | | |
OneMain Direct Auto Receivables Trust, Series 2019-1A, Class A, 3.63%, 9/14/27(a) | | | | | 600,000 | | | | | | 606,577 | | |
OneMain Financial Issuance Trust, Series 2019-1A, Class A, 3.48%, 2/14/31(a) | | | | | 630,000 | | | | | | 635,994 | | |
Oportun Funding LLC, Series 2018-B, Class A, 3.91%, 7/8/24(a) | | | | | 750,000 | | | | | | 755,229 | | |
Oportun Funding LLC, Series 2018-B, Class B, 4.50%, 7/8/24(a) | | | | | 490,000 | | | | | | 492,548 | | |
Oportun Funding LLC, Series 2018-D, Class A, 4.15%, 12/9/24(a) | | | | | 100,000 | | | | | | 101,667 | | |
Oportun Funding X LLC, Series 2018-C, Class A, 4.10%, 10/8/24(a) | | | | | 200,000 | | | | | | 202,832 | | |
OSCAR US Funding Trust IX LLC, Series 2018-2A, Class A3, 3.39%, 9/12/22(a) | | | | | 1,300,000 | | | | | | 1,308,466 | | |
Oxford Finance Funding LLC, Series 2019-1A, Class A2, 4.46%, 2/15/27(a) | | | | | 750,000 | | | | | | 758,745 | | |
PFS Financing Corp., Series 2017-BA, Class A2, 2.22%, 7/15/22(a) | | | | | 1,000,000 | | | | | | 988,880 | | |
Regional Management Issuance Trust, Series 2018-1, Class A, 3.83%, 7/15/27(a) | | | | | 750,000 | | | | | | 748,633 | | |
Regional Management Issuance Trust, Series 2018-1, Class B, 4.28%, 7/15/27(a) | | | | | 510,000 | | | | | | 513,333 | | |
Renew, Series 2018-1, Class A, 3.95%, 9/20/53(a) | | | | | 435,332 | | | | | | 445,166 | | |
RMF Buyout Issuance Trust, Series 2018-1, Class M1, 3.91%, 11/25/28(a)(c) | | | | | 1,470,000 | | | | | | 1,481,203 | | |
Santander Drive Auto Receivables Trust, Series 2018-3, Class B, 3.29%, 10/17/22 | | | | | 1,200,000 | | | | | | 1,203,731 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Santander Drive Auto Receivables Trust, Series 2018-5, Class C, 3.81%, 12/16/24 | | | | $ | 300,000 | | | | | $ | 304,520 | | |
Santander Drive Auto Receivables Trust, Series 2019-1, Class B, 3.21%, 9/15/23 | | | | | 300,000 | | | | | | 301,314 | | |
Santander Drive Auto Receivables Trust, Series 2019-1, Class C, 3.42%, 4/15/25 | | | | | 300,000 | | | | | | 302,316 | | |
SBA Tower Trust, Series 2014-1A, Class C, 2.90%, 10/15/44(a) | | | | | 1,255,000 | | | | | | 1,253,548 | | |
Sierra Timeshare Funding LLC, Series 2015-3A, Class B, 3.08%, 9/20/32(a) | | | | | 355,610 | | | | | | 354,471 | | |
Sierra Timeshare Receivables Funding LLC, Series 2018-2A, Class A, 3.50%, 6/20/35(a) | | | | | 204,645 | | | | | | 207,133 | | |
Sierra Timeshare Receivables Funding LLC, Series 2019-1A, Class A, 3.20%, 1/20/36(a) | | | | | 200,000 | | | | | | 201,254 | | |
SMART Trust, Series 2016-2US, Class A4A, 2.05%, 12/14/22 | | | | | 515,000 | | | | | | 507,393 | | |
SoFi Consumer Loan Program Trust, Series 2019-1, Class A, 3.24%, 2/25/28(a) | | | | | 665,630 | | | | | | 668,275 | | |
Sofi Professional Loan Program LLC, Series 2019-A, Class A2FX, 3.69%, 6/15/48(a) | | | | | 400,000 | | | | | | 411,198 | | |
Sofi Professional Loan Program Trust, Series 2018-C, Class A2FX, 3.59%, 1/25/48(a) | | | | | 700,000 | | | | | | 714,507 | | |
Sofi Professional Loan Program Trust, Series 2018-D, Class A2FX, 3.60%, 2/25/48(a) | | | | | 900,000 | | | | | | 921,305 | | |
Sound Point CLO II Ltd., Series 2013-1A, Class A1R, 3.84%, 1/26/31 (3 month USD LIBOR + 1.07%)(a)(c) | | | | | 250,000 | | | | | | 246,686 | | |
Springleaf Funding Trust, Series 2017-AA, Class A, 2.68%, 7/15/30(a) | | | | | 600,000 | | | | | | 595,271 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
SPS Servicer Advance Receivables Trust Advance Receivables Backed Notes, Series 2018-T1, Class AT1, 3.62%, 10/17/50(a) | | | | $ | 780,000 | | | | | $ | 785,128 | | |
Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44(a) | | | | | 1,268,942 | | | | | | 1,298,403 | | |
Sunrun Athena Issuer LLC, Series 2018-1, Class A, 5.31%, 4/30/49(a) | | | | | 244,968 | | | | | | 248,529 | | |
SWC Funding LLC, Series 2018-1A, Class A, 4.75%, 8/15/33(a) | | | | | 1,300,000 | | | | | | 1,321,541 | | |
Taco Bell Funding LLC, Series 2016-1A, Class A2II, 4.38%, 5/25/46(a) | | | | | 491,250 | | | | | | 501,812 | | |
Taco Bell Funding LLC, Series 2018-1A, Class A2I, 4.32%, 11/25/48(a) | | | | | 498,750 | | | | | | 513,164 | | |
TICP CLO IX Ltd., Series 2017-9A, Class A, 3.90%, 1/20/31 (3 month USD LIBOR + 1.14%)(a)(c) | | | | | 1,000,000 | | | | | | 992,772 | | |
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58(a)(c) | | | | | 264,869 | | | | | | 264,200 | | |
Towd Point Mortgage Trust, Series 2018-3, Class A1, 3.75%, 5/25/58(a)(c) | | | | | 356,122 | | | | | | 360,239 | | |
Towd Point Mortgage Trust, Series 2018-5, Class A1, 3.25%, 7/25/58(a)(c) | | | | | 94,705 | | | | | | 94,280 | | |
Towd Point Mortgage Trust, Series 2018-6, Class A1A, 3.75%, 3/25/58(a)(c) | | | | | 235,003 | | | | | | 237,851 | | |
Toyota Auto Receivables Owner Trust, Series 2016-B, Class A4, 1.52%, 8/16/21 | | | | | 500,000 | | | | | | 496,501 | | |
Trafigura Securitisation Finance PLC, Series 2017-1A, Class A2, 2.47%, 12/15/20(a) | | | | | 1,250,000 | | | | | | 1,236,411 | | |
Trafigura Securitisation Finance PLC, Series 2018-1A, Class A2, 3.73%, 3/15/22(a) | | | | | 200,000 | | | | | | 201,882 | | |
Vivint Colar Financing V LLC, Series 2018-1A, Class A, 4.73%, 4/30/48(a) | | | | | 249,647 | | | | | | 258,660 | | |
Vivint Colar Financing V LLC, Series 2018-1A, Class B, 7.37%, 4/30/48(a) | | | | | 960,471 | | | | | | 979,325 | | |
Investments | | | Principal Amount | | | Value | | ||||||
ASSET-BACKED SECURITIES – (continued) | | ||||||||||||
Wellfleet CLO Ltd., Series 2018-1A, Class A, 3.87%, 7/17/31 (3 month USD LIBOR + 1.10%)(a)(c) | | | | $ | 1,000,000 | | | | | $ | 986,965 | | |
Wendy’s Funding LLC, Series 2015-1A, Class A23, 4.50%, 6/15/45(a) | | | | | 482,500 | | | | | | 493,197 | | |
Wendy’s Funding LLC, Series 2015-1A, Class A2II, 4.08%, 6/15/45(a) | | | | | 482,500 | | | | | | 487,417 | | |
World Financial Network Credit Card Master Trust, Series 2015-B, Class A, 2.55%, 6/17/24 | | | | | 1,000,000 | | | | | | 997,009 | | |
World Omni Select Auto Trust, Series 2018-1A, Class B, 3.68%, 7/15/23(a) | | | | | 210,000 | | | | | | 213,521 | | |
World Omni Select Auto Trust, Series 2018-1A, Class C, 3.86%, 1/15/25(a) | | | | | 300,000 | | | | | | 306,148 | | |
Zais CLO 9 Ltd., Series 2018-2A, Class A, 3.96%, 7/20/31 (3 month USD LIBOR + 1.20%)(a)(c) | | | | | 1,000,000 | | | | | | 984,383 | | |
TOTAL ASSET-BACKED SECURITIES (Cost: $79,005,603) | | | | | 79,645,923 | | | ||||||
U.S. GOVERNMENT OBLIGATIONS – 11.9% | | ||||||||||||
U.S. Treasury Bond, 3.38%, 11/15/48 | | | | | 4,950,000 | | | | | | 5,521,764 | | |
U.S. Treasury Bond, 3.63%, 8/15/43 | | | | | 1,845,000 | | | | | | 2,124,417 | | |
U.S. Treasury Bond, 3.75%, 11/15/43 | | | | | 2,955,000 | | | | | | 3,471,548 | | |
U.S. Treasury Bond, 5.25%, 2/15/29 | | | | | 690,000 | | | | | | 861,368 | | |
U.S. Treasury Coupon STRIP, Zero Coupon, 2/15/37 | | | | | 4,000,000 | | | | | | 2,461,497 | | |
U.S. Treasury Coupon STRIP, Zero Coupon, 5/15/37 | | | | | 5,100,000 | | | | | | 3,118,883 | | |
U.S. Treasury Note, 1.88%, 4/30/22 | | | | | 900,000 | | | | | | 890,578 | | |
U.S. Treasury Note, 2.13%, 9/30/21 | | | | | 2,264,000 | | | | | | 2,257,102 | | |
U.S. Treasury Note, 2.13%, 3/31/24 | | | | | 800,000 | | | | | | 795,937 | | |
U.S. Treasury Note, 2.25%, 3/31/20 | | | | | 640,000 | | | | | | 639,025 | | |
U.S. Treasury Note, 2.25%, 3/31/21 | | | | | 2,500,000 | | | | | | 2,499,219 | | |
U.S. Treasury Note, 2.25%, 3/31/26 | | | | | 2,500,000 | | | | | | 2,490,332 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT OBLIGATIONS – (continued) | | ||||||||||||
U.S. Treasury Note, 2.25%, 11/15/27 | | | | $ | 5,185,000 | | | | | $ | 5,134,568 | | |
U.S. Treasury Note, 2.38%, 2/29/24 | | | | | 1,255,000 | | | | | | 1,263,873 | | |
U.S. Treasury Note, 2.38%, 8/15/24 | | | | | 260,000 | | | | | | 261,432 | | |
U.S. Treasury Note, 2.50%, 1/31/21 | | | | | 2,000,000 | | | | | | 2,007,344 | | |
U.S. Treasury Note, 2.50%, 2/28/21 | | | | | 110,000 | | | | | | 110,443 | | |
U.S. Treasury Note, 2.50%, 2/15/22 | | | | | 1,540,000 | | | | | | 1,551,730 | | |
U.S. Treasury Note, 2.50%, 2/28/26 | | | | | 7,595,000 | | | | | | 7,685,191 | | |
U.S. Treasury Note, 2.63%, 5/15/21 | | | | | 7,105,000 | | | | | | 7,156,067 | | |
U.S. Treasury Note, 2.63%, 12/31/23 | | | | | 875,000 | | | | | | 890,312 | | |
U.S. Treasury Note, 2.63%, 2/15/29 | | | | | 6,745,000 | | | | | | 6,876,211 | | |
U.S. Treasury Note, 2.75%, 4/30/23 | | | | | 1,920,000 | | | | | | 1,958,625 | | |
U.S. Treasury Note, 2.75%, 6/30/25 | | | | | 500,000 | | | | | | 513,125 | | |
U.S. Treasury Note, 2.88%, 9/30/23 | | | | | 2,900,000 | | | | | | 2,978,957 | | |
U.S. Treasury Note, 2.88%, 5/31/25 | | | | | 4,000,000 | | | | | | 4,132,344 | | |
U.S. Treasury Note, 2.88%, 7/31/25 | | | | | 905,000 | | | | | | 935,544 | | |
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $69,449,905) | | | | | 70,587,436 | | | ||||||
U.S. GOVERNMENT AGENCIES – 11.6% | | ||||||||||||
Federal Home Loan Mortgage Corp., 2.00%, 1/1/32 | | | | | 270,014 | | | | | | 263,271 | | |
Federal Home Loan Mortgage Corp., 3.00%, 1/1/32 | | | | | 372,578 | | | | | | 377,067 | | |
Federal Home Loan Mortgage Corp., 3.00%, 12/1/37 | | | | | 324,431 | | | | | | 325,752 | | |
Federal Home Loan Mortgage Corp., 3.00%, 1/1/43 | | | | | 1,023,302 | | | | | | 1,024,305 | | |
Federal Home Loan Mortgage Corp., 3.50%, 10/1/41 | | | | | 231,227 | | | | | | 236,355 | | |
Federal Home Loan Mortgage Corp., 3.50%, 10/1/42 | | | | | 850,957 | | | | | | 869,834 | | |
Federal Home Loan Mortgage Corp., 3.50%, 7/1/43 | | | | | 375,195 | | | | | | 383,382 | | |
Federal Home Loan Mortgage Corp., 3.50%, 7/1/45 | | | | | 500,938 | | | | | | 510,034 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal Home Loan Mortgage Corp., 3.50%, 8/1/46 | | | | $ | 1,128,477 | | | | | $ | 1,154,817 | | |
Federal Home Loan Mortgage Corp., 3.50%, 11/1/47 | | | | | 484,509 | | | | | | 492,410 | | |
Federal Home Loan Mortgage Corp., 3.50%, 3/1/48 | | | | | 4,338,451 | | | | | | 4,432,009 | | |
Federal Home Loan Mortgage Corp., 4.00%, 3/1/41 | | | | | 243,201 | | | | | | 252,471 | | |
Federal Home Loan Mortgage Corp., 4.00%, 6/1/42 | | | | | 464,762 | | | | | | 482,485 | | |
Federal Home Loan Mortgage Corp., 4.00%, 3/1/48 | | | | | 689,056 | | | | | | 721,460 | | |
Federal Home Loan Mortgage Corp., 4.00%, 5/1/48 | | | | | 246,645 | | | | | | 254,554 | | |
Federal Home Loan Mortgage Corp., 4.00%, 7/1/48 | | | | | 119,279 | | | | | | 124,959 | | |
Federal Home Loan Mortgage Corp., 4.00%, 7/1/48 | | | | | 1,954,647 | | | | | | 2,017,252 | | |
Federal Home Loan Mortgage Corp., 4.00%, 9/1/48 | | | | | 484,318 | | | | | | 499,700 | | |
Federal Home Loan Mortgage Corp., 4.00%, 10/1/48 | | | | | 485,244 | | | | | | 500,706 | | |
Federal Home Loan Mortgage Corp., 4.00%, 11/1/48 | | | | | 487,166 | | | | | | 502,587 | | |
Federal Home Loan Mortgage Corp., 4.50%, 6/1/47 | | | | | 49,589 | | | | | | 52,747 | | |
Federal Home Loan Mortgage Corp., 4.50%, 7/1/47 | | | | | 235,951 | | | | | | 247,375 | | |
Federal Home Loan Mortgage Corp., 4.50%, 7/1/47 | | | | | 226,647 | | | | | | 237,621 | | |
Federal Home Loan Mortgage Corp., 4.50%, 2/1/48 | | | | | 486,064 | | | | | | 509,432 | | |
Federal Home Loan Mortgage Corp., 4.50%, 8/1/48 | | | | | 393,825 | | | | | | 420,103 | | |
Federal Home Loan Mortgage Corp., 5.00%, 2/1/42 | | | | | 272,448 | | | | | | 294,184 | | |
Federal National Mortgage Association, 1.25%, 8/17/21 | | | | | 2,500,000 | | | | | | 2,440,286 | | |
Federal National Mortgage Association, 2.50%, 4/1/31 | | | | | 913,168 | | | | | | 909,953 | | |
Federal National Mortgage Association, 2.50%, 11/1/31 | | | | | 418,544 | | | | | | 416,683 | | |
Federal National Mortgage Association, 2.50%, 9/1/46 | | | | | 104,894 | | | | | | 101,978 | | |
Federal National Mortgage Association, 2.50%, 10/1/46 | | | | | 278,429 | | | | | | 270,690 | | |
Federal National Mortgage Association, 2.63%, 9/6/24 | | | | | 2,500,000 | | | | | | 2,537,016 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal National Mortgage Association, 3.00%, 5/1/32 | | | | $ | 961,262 | | | | | $ | 971,689 | | |
Federal National Mortgage Association, 3.00%, 11/1/32 | | | | | 620,975 | | | | | | 626,705 | | |
Federal National Mortgage Association, 3.00%, 5/1/43 | | | | | 976,247 | | | | | | 977,059 | | |
Federal National Mortgage Association, 3.00%, 9/1/46 | | | | | 291,263 | | | | | | 290,513 | | |
Federal National Mortgage Association, 3.00%, 11/1/46 | | | | | 413,715 | | | | | | 412,650 | | |
Federal National Mortgage Association, 3.00%, 11/1/46 | | | | | 1,508,542 | | | | | | 1,502,352 | | |
Federal National Mortgage Association, 3.00%, 1/1/47 | | | | | 653,869 | | | | | | 651,983 | | |
Federal National Mortgage Association, 3.50%, 12/1/30 | | | | | 93,659 | | | | | | 95,958 | | |
Federal National Mortgage Association, 3.50%, 5/1/33 | | | | | 417,680 | | | | | | 427,355 | | |
Federal National Mortgage Association, 3.50%, 8/1/33 | | | | | 111,265 | | | | | | 113,842 | | |
Federal National Mortgage Association, 3.50%, 8/1/42 | | | | | 479,602 | | | | | | 489,957 | | |
Federal National Mortgage Association, 3.50%, 11/1/42 | | | | | 571,653 | | | | | | 583,998 | | |
Federal National Mortgage Association, 3.50%, 8/1/43 | | | | | 229,091 | | | | | | 233,913 | | |
Federal National Mortgage Association, 3.50%, 12/1/45 | | | | | 675,531 | | | | | | 687,401 | | |
Federal National Mortgage Association, 3.50%, 12/1/45 | | | | | 954,879 | | | | | | 971,655 | | |
Federal National Mortgage Association, 3.50%, 12/1/46 | | | | | 287,655 | | | | | | 292,338 | | |
Federal National Mortgage Association, 3.50%, 1/1/47 | | | | | 404,632 | | | | | | 410,638 | | |
Federal National Mortgage Association, 3.50%, 4/1/47 | | | | | 1,258,134 | | | | | | 1,278,494 | | |
Federal National Mortgage Association, 3.50%, 9/1/47 | | | | | 696,151 | | | | | | 707,202 | | |
Federal National Mortgage Association, 3.50%, 11/1/47 | | | | | 206,991 | | | | | | 210,257 | | |
Federal National Mortgage Association, 3.50%, 6/1/48 | | | | | 430,000 | | | | | | 437,383 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal National Mortgage Association, 4.00%, 9/1/40 | | | | $ | 411,248 | | | | | $ | 426,583 | | |
Federal National Mortgage Association, 4.00%, 3/1/41 | | | | | 686,755 | | | | | | 714,028 | | |
Federal National Mortgage Association, 4.00%, 6/1/45 | | | | | 9,644 | | | | | | 10,002 | | |
Federal National Mortgage Association, 4.00%, 12/1/45 | | | | | 509,418 | | | | | | 526,836 | | |
Federal National Mortgage Association, 4.00%, 7/1/46 | | | | | 1,324,615 | | | | | | 1,370,671 | | |
Federal National Mortgage Association, 4.00%, 3/1/47 | | | | | 416,739 | | | | | | 434,975 | | |
Federal National Mortgage Association, 4.00%, 12/1/47 | | | | | 501,372 | | | | | | 518,073 | | |
Federal National Mortgage Association, 4.00%, 1/1/48 | | | | | 996,169 | | | | | | 1,029,466 | | |
Federal National Mortgage Association, 4.00%, 2/1/48 | | | | | 473,825 | | | | | | 489,327 | | |
Federal National Mortgage Association, 4.00%, 4/1/48 | | | | | 2,280,961 | | | | | | 2,355,113 | | |
Federal National Mortgage Association, 4.00%, 6/1/48 | | | | | 482,279 | | | | | | 497,321 | | |
Federal National Mortgage Association, 4.00%, 7/1/48 | | | | | 490 | | | | | | 505 | | |
Federal National Mortgage Association, 4.00%, 8/1/48 | | | | | 414,218 | | | | | | 427,007 | | |
Federal National Mortgage Association, 4.50%, 9/1/40 | | | | | 421,642 | | | | | | 445,800 | | |
Federal National Mortgage Association, 4.50%, 2/1/41 | | | | | 718,508 | | | | | | 759,643 | | |
Federal National Mortgage Association, 4.50%, 1/1/48 | | | | | 325,449 | | | | | | 346,660 | | |
Federal National Mortgage Association, 4.50%, 2/1/48 | | | | | 57,301 | | | | | | 61,029 | | |
Federal National Mortgage Association, 4.50%, 3/1/48 | | | | | 253,706 | | | | | | 270,211 | | |
Federal National Mortgage Association, 4.50%, 5/1/48 | | | | | 253,622 | | | | | | 270,122 | | |
Federal National Mortgage Association, 4.50%, 5/1/48 | | | | | 186,751 | | | | | | 198,901 | | |
Federal National Mortgage Association, 4.50%, 11/1/48 | | | | | 721,854 | | | | | | 754,821 | | |
Federal National Mortgage Association, 4.50%, 12/1/48 | | | | | 288,345 | | | | | | 301,307 | | |
Federal National Mortgage Association, 5.00%, 9/1/40 | | | | | 341,401 | | | | | | 368,285 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Federal National Mortgage Association, 5.00%, 2/1/41 | | | | $ | 175,610 | | | | | $ | 190,013 | | |
Federal National Mortgage Association, 5.00%, 7/1/44 | | | | | 483,430 | | | | | | 521,251 | | |
Federal National Mortgage Association, 5.00%, 5/1/48 | | | | | 235,730 | | | | | | 249,215 | | |
Federal National Mortgage Association, 5.00%, 8/1/48 | | | | | 52,688 | | | | | | 57,072 | | |
Federal National Mortgage Association, 5.50%, 2/1/42 | | | | | 124,801 | | | | | | 133,964 | | |
Government National Mortgage Association, 2.50%, 12/20/46 | | | | | 265,111 | | | | | | 259,756 | | |
Government National Mortgage Association, 3.00%, 12/20/42 | | | | | 491,271 | | | | | | 494,535 | | |
Government National Mortgage Association, 3.00%, 12/20/45 | | | | | 215,572 | | | | | | 217,005 | | |
Government National Mortgage Association, 3.00%, 9/20/46 | | | | | 345,937 | | | | | | 348,449 | | |
Government National Mortgage Association, 3.00%, 10/20/46 | | | | | 714,620 | | | | | | 719,368 | | |
Government National Mortgage Association, 3.00%, 2/20/47 | | | | | 739,485 | | | | | | 744,283 | | |
Government National Mortgage Association, 3.00%, 12/20/47 | | | | | 953,464 | | | | | | 958,320 | | |
Government National Mortgage Association, 3.50%, 2/20/42 | | | | | 428,846 | | | | | | 439,999 | | |
Government National Mortgage Association, 3.50%, 7/20/42 | | | | | 638,263 | | | | | | 654,504 | | |
Government National Mortgage Association, 3.50%, 11/20/42 | | | | | 278,512 | | | | | | 285,603 | | |
Government National Mortgage Association, 3.50%, 8/20/45 | | | | | 149,869 | | | | | | 153,448 | | |
Government National Mortgage Association, 3.50%, 9/20/45 | | | | | 152,099 | | | | | | 155,734 | | |
Government National Mortgage Association, 3.50%, 4/20/46 | | | | | 227,972 | | | | | | 233,414 | | |
Government National Mortgage Association, 3.50%, 12/20/46 | | | | | 1,198,097 | | | | | | 1,226,699 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Government National Mortgage Association, 3.50%, 1/20/47 | | | | $ | 838,740 | | | | | $ | 858,688 | | |
Government National Mortgage Association, 3.50%, 1/20/48 | | | | | 1,313,177 | | | | | | 1,342,739 | | |
Government National Mortgage Association, 4.00%, 11/20/40 | | | | | 227,523 | | | | | | 237,003 | | |
Government National Mortgage Association, 4.00%, 2/20/46 | | | | | 581,109 | | | | | | 602,346 | | |
Government National Mortgage Association, 4.00%, 3/20/46 | | | | | 223,294 | | | | | | 231,729 | | |
Government National Mortgage Association, 4.00%, 5/20/47 | | | | | 468,387 | | | | | | 483,966 | | |
Government National Mortgage Association, 4.00%, 8/20/47 | | | | | 235,076 | | | | | | 242,895 | | |
Government National Mortgage Association, 4.00%, 9/20/47 | | | | | 3,714,357 | | | | | | 3,837,897 | | |
Government National Mortgage Association, 4.00%, 12/20/48 | | | | | 206,489 | | | | | | 213,357 | | |
Government National Mortgage Association, 4.50%, 9/20/39 | | | | | 223,526 | | | | | | 235,689 | | |
Government National Mortgage Association, 4.50%, 7/20/41 | | | | | 123,616 | | | | | | 130,143 | | |
Government National Mortgage Association, 4.50%, 2/20/47 | | | | | 113,274 | | | | | | 118,998 | | |
Government National Mortgage Association, 4.50%, 8/20/47 | | | | | 232,873 | | | | | | 241,906 | | |
Government National Mortgage Association, 4.50%, 1/20/48 | | | | | 892,185 | | | | | | 926,795 | | |
Government National Mortgage Association, 4.50%, 3/20/48 | | | | | 184,462 | | | | | | 191,618 | | |
Government National Mortgage Association, 4.50%, 7/20/48 | | | | | 500,000 | | | | | | 519,397 | | |
Government National Mortgage Association, 5.00%, 7/20/45 | | | | | 318,804 | | | | | | 340,862 | | |
Overseas Private Investment Corp., 2.74%, 9/15/29 | | | | | 523,907 | | | | | | 522,428 | | |
Investments | | | Principal Amount | | | Value | | ||||||
U.S. GOVERNMENT AGENCIES – (continued) | | ||||||||||||
Overseas Private Investment Corp., 3.52%, 9/20/32 | | | | $ | 482,143 | | | | | $ | 503,705 | | |
Overseas Private Investment Corp., Series D, Zero Coupon, 1/26/21 | | | | | 400,000 | | | | | | 408,727 | | |
TOTAL U.S. GOVERNMENT AGENCIES (Cost: $67,755,894) | | | | | 69,047,026 | | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – 9.9% | | ||||||||||||
20 Times Square Trust, Series 2018-20TS, Class E, 3.10%, 5/15/35(a)(c) | | | | | 600,000 | | | | | | 572,937 | | |
Banc of America Commercial Mortgage Trust, Series 2015-UBS7, Class C, 4.36%, 9/15/48(c) | | | | | 500,000 | | | | | | 513,114 | | |
BANK 2018-BNK15, Series 2018-BN15, Class A3, 4.14%, 11/15/61 | | | | | 575,000 | | | | | | 616,064 | | |
BBCMS Trust, Series 2015-SRCH, Class C, 4.80%, 8/10/35(a) | | | | | 500,000 | | | | | | 527,288 | | |
BBCMS Trust, Series 2015-SRCH, Class D, 4.96%, 8/10/35(a)(c) | | | | | 780,000 | | | | | | 818,601 | | |
Benchmark Mortgage Trust, 2018B4, Class A3, 3.89%, 7/15/51 | | | | | 500,000 | | | | | | 515,593 | | |
Benchmark Mortgage Trust, Series 2019-B10, Class 3CCA, 3.90%, 3/15/62(a)(c) | | | | | 500,000 | | | | | | 492,452 | | |
Benchmark Mortgage Trust, Series 2019-B10, Class A3, 3.46%, 3/15/62 | | | | | 850,000 | | | | | | 867,000 | | |
CD Mortgage Trust, Series 2016-CD2, Class B, 3.88%, 11/10/49(c) | | | | | 500,000 | | | | | | 508,876 | | |
CGMS Commercial Mortgage Trust, Series 2017-MDRB, Class B, 4.23%, 7/15/30 (1 month USD LIBOR + 1.75%)(a)(c) | | | | | 1,300,000 | | | | | | 1,300,402 | | |
CIM Trust, Series 2017-2, Class A1, 4.49%, 12/25/57 (1 month USD LIBOR + 2.00%)(a)(c) | | | | | 99,997 | | | | | | 100,650 | | |
CIM Trust, Series 2017-3, Class A1, 4.49%, 1/25/57 (1 month USD LIBOR + 2.00%)(a)(c) | | | | | 90,801 | | | | | | 92,164 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class A3, 3.37%, 10/10/47 | | | | $ | 114,286 | | | | | $ | 116,595 | | |
Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A3, 2.65%, 7/10/49 | | | | | 114,286 | | | | | | 111,032 | | |
Citigroup Commercial Mortgage Trust, Series 2018-C6, Class A3, 4.15%, 11/10/51 | | | | | 750,000 | | | | | | 803,762 | | |
COMM Mortgage Trust, Series 2013-CR6, Class B, 3.40%, 3/10/46(a) | | | | | 500,000 | | | | | | 494,482 | | |
COMM Mortgage Trust, Series 2015-CR22, Class C, 4.12%, 3/10/48(c) | | | | | 500,000 | | | | | | 511,118 | | |
COMM Mortgage Trust, Series 2015-DC1, Class A5, 3.35%, 2/10/48 | | | | | 700,000 | | | | | | 709,704 | | |
Commercial Mortgage Pass Through Certificates, Series 2016-CR28, Class B, 4.65%, 2/10/49(c) | | | | | 500,000 | | | | | | 533,563 | | |
Connecticut Avenue Securities Trust, Series 2018-R07, Class 1M1, 3.24%, 4/25/31 (1 month USD LIBOR + 0.85%)(a)(c) | | | | | 19,108 | | | | | | 19,101 | | |
Connecticut Avenue Securities Trust, Series 2019-R02, Class 1M1, 3.34%, 8/25/31 (1 month USD LIBOR + 0.85%)(a)(c) | | | | | 19,861 | | | | | | 19,875 | | |
CSAIL Commercial Mortgage Trust, Series 2015-C2, Class A3, 3.23%, 6/15/57 | | | | | 142,824 | | | | | | 144,142 | | |
CSAIL Commercial Mortgage Trust, Series 2016-C5, Class B, 4.46%, 11/15/48(c) | | | | | 300,000 | | | | | | 313,263 | | |
CSAIL Commercial Mortgage Trust, Series 2018-C14, Class A3, 4.15%, 11/15/51 | | | | | 700,000 | | | | | | 747,050 | | |
CSMC Trust, Series 2018-11R, 3.43%, 8/30/37 | | | | | 95,362 | | | | | | 95,133 | | |
CSMC Trust, Series 2018-RPL9, Class A, 3.85%, 9/25/57(a)(c) | | | | | 472,916 | | | | | | 480,259 | | |
DBJPM Mortgage Trust, Series 2016-C3, Class A4, 2.63%, 8/10/49 | | | | | 1,100,000 | | | | | | 1,067,795 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
DBUBS Mortgage Trust, Series 2011-LC1A, Class D, 5.70%, 11/10/46(a)(c) | | | | $ | 500,000 | | | | | $ | 520,048 | | |
Federal Home Loan Mortgage Corp., Series 2017-DNA1, Class M1, 3.69%, 7/25/29 (1 month USD LIBOR + 1.20%)(c) | | | | | 251,442 | | | | | | 252,509 | | |
Federal Home Loan Mortgage Corp., Series 2017-DNA3, Class M1, 3.24%, 3/25/30 (1 month USD LIBOR + 0.75%)(c) | | | | | 450,199 | | | | | | 449,919 | | |
Federal Home Loan Mortgage Corp., Series 2018-DNA1, Class M1, 2.94%, 7/25/30 (1 month USD LIBOR + 0.45%)(c) | | | | | 455,520 | | | | | | 453,438 | | |
Federal Home Loan Mortgage Corp., Series 2018-SPI2, Class M1, 3.82%, 5/25/48(a)(c) | | | | | 8,663 | | | | | | 8,655 | | |
Federal Home Loan Mortgage Corp., Series 2018-SPI3, Class M1, 4.17%, 8/25/48(a)(c) | | | | | 92,620 | | | | | | 93,265 | | |
Federal Home Loan Mortgage Corp., Series 4835, Class AS, 5.87%, 10/15/48 (-1 month USD LIBOR + 9.84%)(c) | | | | | 241,575 | | | | | | 270,307 | | |
Federal Home Loan Mortgage Corp., Series K063, Class AM, 3.51%, 1/25/27(c) | | | | | 500,000 | | | | | | 519,789 | | |
Federal Home Loan Mortgage Corp., Series K067, Class A2, 3.19%, 7/25/27 | | | | | 383,000 | | | | | | 391,730 | | |
Federal Home Loan Mortgage Corp., Series K067, Class AM, 3.28%, 8/25/27 | | | | | 1,000,000 | | | | | | 1,022,097 | | |
Federal Home Loan Mortgage Corp., Series K069, Class AM, 3.25%, 9/25/27(c) | | | | | 875,000 | | | | | | 893,314 | | |
Federal Home Loan Mortgage Corp., Series K071, Class A2, 3.29%, 11/25/27 | | | | | 1,400,000 | | | | | | 1,439,787 | | |
Federal Home Loan Mortgage Corp., Series K076, Class A2, 3.90%, 4/25/28 | | | | | 550,000 | | | | | | 591,367 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Federal Home Loan Mortgage Corp., Series K076, Class AM, 3.90%, 4/25/28 | | | | $ | 325,000 | | | | | $ | 347,216 | | |
Federal Home Loan Mortgage Corp., Series K077, Class A2, 3.85%, 5/25/28(c) | | | | | 770,000 | | | | | | 825,234 | | |
Federal Home Loan Mortgage Corp., Series K077, Class AM, 3.85%, 5/25/28(c) | | | | | 150,000 | | | | | | 159,963 | | |
Federal Home Loan Mortgage Corp., Series K083, Class A2, 4.05%, 9/25/28(c) | | | | | 875,000 | | | | | | 952,172 | | |
Federal Home Loan Mortgage Corp., Series K083, Class AM, 4.03%, 10/25/28(c) | | | | | 350,000 | | | | | | 378,605 | | |
Federal Home Loan Mortgage Corp., Series K086, Class A2, 3.86%, 11/25/28(c) | | | | | 600,000 | | | | | | 643,890 | | |
Federal Home Loan Mortgage Corp., Series K086, Class AM, 3.92%, 11/25/28(c) | | | | | 100,000 | | | | | | 107,320 | | |
Federal Home Loan Mortgage Corp., Series K088, Class AM, 3.76%, 1/25/29(c) | | | | | 360,000 | | | | | | 381,489 | | |
Federal Home Loan Mortgage Corp., Series K157, Class A2, 3.99%, 5/25/33(c) | | | | | 600,000 | | | | | | 641,989 | | |
Federal Home Loan Mortgage Corp., Series KC03, Class A2, 3.50%, 1/25/26 | | | | | 450,000 | | | | | | 463,476 | | |
Federal Home Loan Mortgage Corp., Series W5FX, Class AFX, 2.97%, 4/25/28(c) | | | | | 1,580,000 | | | | | | 1,599,703 | | |
Federal National Mortgage Association, Series 2014-C02, Class 1M2, 5.09%, 5/25/24 (1 month USD LIBOR + 2.60%)(c) | | | | | 140,000 | | | | | | 146,773 | | |
Federal National Mortgage Association, Series 2014-C03, Class 1M2, 5.49%, 7/25/24 (1 month USD LIBOR + 3.00%)(c) | | | | | 168,695 | | | | | | 179,086 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Federal National Mortgage Association, Series 2018-C01, Class 1M1, 3.09%, 7/25/30 (1 month USD LIBOR + 0.60%)(c) | | | | $ | 309,116 | | | | | $ | 308,410 | | |
Federal National Mortgage Association, Series 2018-C04, Class 2M1, 3.24%, 12/25/30 (1 month USD LIBOR + 0.75%)(c) | | | | | 7,434 | | | | | | 7,433 | | |
Federal National Mortgage Association, Series 2018-C05, Class 1M1, 3.21%, 1/25/31 (1 month USD LIBOR + 0.72%)(c) | | | | | 242,604 | | | | | | 242,543 | | |
Federal National Mortgage Association, Series 2018-C06, Class 2M2, 4.59%, 3/25/31 (1 month USD LIBOR + 2.10%)(c) | | | | | 10,000 | | | | | | 9,872 | | |
Federal National Mortgage Association, Series 2018-M10, Class A1, 3.39%, 7/25/28(c) | | | | | 219,485 | | | | | | 228,195 | | |
Federal National Mortgage Association, Series 2018-M10, Class A2, 3.39%, 7/25/28(c) | | | | | 1,225,000 | | | | | | 1,263,937 | | |
Federal National Mortgage Association, Series 2018-M14, Class A2, 3.58%, 8/25/28 | | | | | 550,000 | | | | | | 574,977 | | |
Federal National Mortgage Association, Series 2018-M8, Class A2, 3.33%, 6/25/28(c) | | | | | 500,000 | | | | | | 514,444 | | |
FREMF Mortgage Trust, Series 2015-K46, Class B, 3.70%, 4/25/48(a)(c) | | | | | 225,000 | | | | | | 225,801 | | |
Government National Mortgage Association, 3.50%, 1/20/49 | | | | | 484,174 | | | | | | 496,066 | | |
Government National Mortgage Association, Series 2018-76, Class IO, 4.00%, 6/20/46 | | | | | 144,409 | | | | | | 22,232 | | |
GS Mortgage Securities Corp. II, Series 2018-GS10, Class A3, 4.26%, 7/10/51 | | | | | 800,000 | | | | | | 845,417 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
GS Mortgage Securities Trust, Series 2010-C2, Class D, 5.18%, 12/10/43(a)(c) | | | | $ | 500,000 | | | | | $ | 513,637 | | |
GS Mortgage Securities Trust, Series 2015-GC34, Class A3, 3.24%, 10/10/48 | | | | | 1,100,000 | | | | | | 1,112,396 | | |
GS Mortgage Securities Trust, Series 2017-GS8, Class C, 4.34%, 11/10/50(c) | | | | | 401,000 | | | | | | 410,525 | | |
HarborView Mortgage Loan Trust, Series 2005-11, Class 2A1A, 3.10%, 8/19/45 (1 month USD LIBOR + 0.62%)(c) | | | | | 70,734 | | | | | | 68,994 | | |
Hudsons Bay Simon JV Trust, Series 2015-HB10, Class C10, 5.45%, 8/5/34(a)(c) | | | | | 900,000 | | | | | | 872,226 | | |
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A3, 3.39%, 12/15/49 | | | | | 1,071,000 | | | | | | 1,087,290 | | |
JP Morgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47(a)(c) | | | | | 455,886 | | | | | | 456,189 | | |
JP Morgan Mortgage Trust, Series 2017-6, Class A6, 3.00%, 12/25/48(a)(c) | | | | | 352,733 | | | | | | 347,235 | | |
JP Morgan Mortgage Trust, Series 2018-7FRB, Class A2, 3.24%, 4/25/46 (1 month USD LIBOR + 0.75%)(a)(c) | | | | | 77,708 | | | | | | 77,578 | | |
JP Morgan Mortgage Trust, Series 2018-8, Class A13, 4.00%, 1/25/49(a)(c) | | | | | 37,836 | | | | | | 37,841 | | |
JP Morgan Mortgage Trust, Series 2018-9, Class A13, 4.00%, 2/25/49(a)(c) | | | | | 28,330 | | | | | | 28,424 | | |
JP Morgan Mortgage Trust, Series 2019-1, Class A15, 4.00%, 5/25/49(a)(c) | | | | | 100,316 | | | | | | 100,809 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class AS, 4.20%, 9/15/47(c) | | | | | 860,000 | | | | | | 898,435 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class D, 3.89%, 11/15/47(a)(c) | | | | | 470,000 | | | | | | 418,773 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
JPMBB Commercial Mortgage Securities Trust, Series 2014-C25, Class A4A1, 3.41%, 11/15/47 | | | | $ | 500,000 | | | | | $ | 510,756 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2015-C30, Class A4, 3.55%, 7/15/48 | | | | | 114,286 | | | | | | 117,431 | | |
JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class A3, 3.50%, 12/15/48 | | | | | 1,100,000 | | | | | | 1,127,350 | | |
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A4, 3.46%, 3/15/50 | | | | | 1,100,000 | | | | | | 1,121,529 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2016-C2, Class A3A, 2.88%, 6/15/49 | | | | | 1,100,000 | | | | | | 1,086,382 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A3, 3.05%, 10/15/50 | | | | | 1,000,000 | | | | | | 998,905 | | |
JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A3, 3.94%, 6/15/51 | | | | | 1,100,000 | | | | | | 1,158,380 | | |
Ladder Capital Commercial Mortgage Mortgage Trust, Series 2013-GCP, Class A2, 3.99%, 2/15/36(a) | | | | | 767,193 | | | | | | 799,499 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class B, 4.76%, 11/15/46(c) | | | | | 500,000 | | | | | | 529,759 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class C, 4.91%, 11/15/46(c) | | | | | 375,000 | | | | | | 392,440 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class A3, 3.45%, 7/15/50 | | | | | 171,496 | | | | | | 176,226 | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C29, Class A3, 3.06%, 5/15/49 | | | | | 114,286 | | | | | | 114,201 | | |
Morgan Stanley Capital Trust, Series 2014-CPT, Class C, 3.45%, 7/13/29(a)(c) | | | | | 670,000 | | | | | | 673,508 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
Morgan Stanley Capital Trust, Series 2018-H3, Class A3, 3.92%, 7/15/51 | | | | $ | 600,000 | | | | | $ | 621,735 | | |
MSCG Trust, Series 2015-ALDR, Class A1, 2.61%, 6/7/35(a) | | | | | 140,899 | | | | | | 137,797 | | |
Natixis Commercial Mortgage Securities Trust, Series 2018-850T, Class A, 3.27%, 7/15/33 (1 month USD LIBOR + 0.78%)(a)(c) | | | | | 1,000,000 | | | | | | 993,341 | | |
New Residential Mortgage Loan Trust, Series 2018-4A, Class A1S, 3.24%, 1/25/48 (1 month USD LIBOR + 0.75%)(a)(c) | | | | | 169,372 | | | | | | 168,170 | | |
Pepper Residential Securities Trust No. 23, Series 23A, Class A1U, 3.50%, 8/18/60 (1 month USD LIBOR + 0.95%)(a)(c) | | | | | 1,500,000 | | | | | | 1,499,996 | | |
RETL, Series 2019-RVP, Class A, 3.63%, 3/15/36 (1 month USD LIBOR + 1.15%)(a)(c) | | | | | 600,000 | | | | | | 600,375 | | |
Shellpoint Co-Originator Trust, Series 2016-1, Class 1A10, 3.50%, 11/25/46(a)(c) | | | | | 450,025 | | | | | | 448,853 | | |
STACR Trust, Series 2018-DNA3, Class M1, 3.24%, 9/25/48 (1 month USD LIBOR + 0.75%)(a)(c) | | | | | 160,000 | | | | | | 159,835 | | |
STACR Trust, Series 2018-HRP2, Class M1, 3.34%, 2/25/47 (1 month USD LIBOR + 0.85%)(a)(c) | | | | | 120,000 | | | | | | 120,000 | | |
UBS Commercial Mortgage Trust, Series 2017-C4, Class A3, 3.30%, 10/15/50 | | | | | 600,000 | | | | | | 602,701 | | |
UBS Commercial Mortgage Trust, Series 2017-C4, Class A4, 3.56%, 10/15/50 | | | | | 148,558 | | | | | | 151,945 | | |
UBS Commercial Mortgage Trust, Series 2017-C7, Class A3, 3.42%, 12/15/50 | | | | | 305,000 | | | | | | 308,494 | | |
UBS Commercial Mortgage Trust, Series 2018-C10, Class A3, 4.05%, 5/15/51 | | | | | 1,100,000 | | | | | | 1,166,744 | | |
UBS Commercial Mortgage Trust, Series 2018-C10, Class A3, 4.31%, 6/15/51 | | | | | 500,000 | | | | | | 531,127 | | |
Investments | | | Principal Amount | | | Value | | ||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES – (continued) | | ||||||||||||
UBS-BAMLL Trust, Series 2012-WRM, Class A, 3.66%, 6/10/30(a) | | | | $ | 1,300,000 | | | | | $ | 1,319,258 | | |
UBS-Barclays Commercial Mortgage Trust, Series 2013-C5, Class D, 4.08%, 3/10/46(a)(c) | | | | | 225,000 | | | | | | 209,458 | | |
UBS-Barclays Commercial Mortgage Trust, Series 2013-C6, Class A4, 3.24%, 4/10/46 | | | | | 794,000 | | | | | | 807,618 | | |
Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class A3, 3.54%, 12/15/48 | | | | | 114,286 | | | | | | 117,661 | | |
Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class A3, 3.32%, 10/15/50 | | | | | 450,000 | | | | | | 451,715 | | |
Wells Fargo Commercial Mortgage Trust, Series 2017-RB1, Class C, 4.31%, 3/15/50(c) | | | | | 500,000 | | | | | | 507,705 | | |
WFRBS Commercial Mortgage Trust, Series 2013-C11, Class B, 3.71%, 3/15/45(c) | | | | | 500,000 | | | | | | 505,986 | | |
WFRBS Commercial Mortgage Trust, Series 2013-C13, Class D, 4.13%, 5/15/45(a)(c) | | | | | 225,000 | | | | | | 223,706 | | |
WFRBS Commercial Mortgage Trust, Series 2013-C18, Class C, 4.70%, 12/15/46(c) | | | | | 350,000 | | | | | | 365,416 | | |
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost: $57,095,048) | | | | | 58,820,837 | | | ||||||
FOREIGN CORPORATE BONDS – 3.4% | | ||||||||||||
BASIC MATERIALS – 0.2% | | ||||||||||||
Constellium N.V., 6.63%, 3/1/25(a) | | | | | 250,000 | | | | | | 255,000 | | |
First Quantum Minerals Ltd., 7.25%, 4/1/23(a) | | | | | 200,000 | | | | | | 195,250 | | |
IAMGOLD Corp., 7.00%, 4/15/25(a) | | | | | 25,000 | | | | | | 25,312 | | |
Mountain Province Diamonds, Inc., 8.00%, 12/15/22(a) | | | | | 25,000 | | | | | | 24,937 | | |
Nutrien Ltd., 4.20%, 4/1/29 | | | | | 109,000 | | | | | | 112,084 | | |
Nutrien Ltd., 5.00%, 4/1/49 | | | | | 162,000 | | | | | | 168,358 | | |
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
BASIC MATERIALS – (continued) | | ||||||||||||
Teck Resources Ltd., 6.25%, 7/15/41 | | | | $ | 150,000 | | | | | $ | 160,231 | | |
Yamana Gold, Inc., 4.95%, 7/15/24 | | | | | 400,000 | | | | | | 411,148 | | |
Total Basic Materials | | | | | | | | | | | 1,352,320 | | |
COMMUNICATIONS – 0.4% | | ||||||||||||
Altice Financing S.A., 7.50%, 5/15/26(a) | | | | | 200,000 | | | | | | 198,000 | | |
Altice France S.A., 8.13%, 2/1/27(a) | | | | | 200,000 | | | | | | 202,000 | | |
Danske Bank A/S, 5.38%, 1/12/24(a) | | | | | 451,000 | | | | | | 469,234 | | |
Digicel Group Two Ltd., 8.25%, 9/30/22(a) | | | | | 98,000 | | | | | | 32,830 | | |
Intelsat Connect Finance S.A., 9.50%, 2/15/23(a) | | | | | 325,000 | | | | | | 287,722 | | |
Intelsat Jackson Holdings S.A., 8.50%, 10/15/24(a) | | | | | 125,000 | | | | | | 121,563 | | |
Intelsat Luxembourg S.A., 8.13%, 6/1/23 | | | | | 100,000 | | | | | | 69,500 | | |
Telefonica Emisiones S.A., 5.52%, 3/1/49 | | | | | 984,000 | | | | | | 1,031,298 | | |
Vodafone Group PLC, 5.25%, 5/30/48 | | | | | 176,000 | | | | | | 176,022 | | |
Total Communications | | | | | | | | | | | 2,588,169 | | |
CONSUMER, CYCLICAL – 0.2% | | ||||||||||||
1011778 BC ULC/New Red Finance, Inc., 4.63%, 1/15/22(a) | | | | | 75,000 | | | | | | 75,353 | | |
Aptiv PLC, 5.40%, 3/15/49 | | | | | 680,000 | | | | | | 702,836 | | |
Delphi Technologies PLC, 5.00%, 10/1/25(a) | | | | | 75,000 | | | | | | 66,038 | | |
Gateway Casinos & Entertainment Ltd., 8.25%, 3/1/24(a) | | | | | 150,000 | | | | | | 157,313 | | |
IHO Verwaltungs GmbH, Senior Secured Note, PIK (4.125% Cash or 4.875% PIK), 4.13%, 9/15/21(a)(e) | | | | | 200,000 | | | | | | 200,250 | | |
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 6.25%, 5/15/26(a) | | | | | 50,000 | | | | | | 51,000 | | |
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 8.50%, 5/15/27(a) | | | | | 175,000 | | | | | | 175,437 | | |
Total Consumer, Cyclical | | | | | | | | | | | 1,428,227 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
CONSUMER, NON-CYCLICAL – 0.3% | | ||||||||||||
Allergan Funding SCS, 3.80%, 3/15/25 | | | | $ | 140,000 | | | | | $ | 141,877 | | |
Bausch Health Cos., Inc., 5.75%, 8/15/27(a) | | | | | 25,000 | | | | | | 25,625 | | |
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 6.00%, 2/1/25(a) | | | | | 200,000 | | | | | | 145,000 | | |
IHS Markit Ltd., 4.13%, 8/1/23 | | | | | 210,000 | | | | | | 214,166 | | |
Takeda Pharmaceutical Co., Ltd., Senior Note, 4.40%, 11/26/23(a) | | | | | 1,226,000 | | | | | | 1,288,952 | | |
Total Consumer, Non-cyclical | | | | | 1,815,620 | | | ||||||
ENERGY – 0.2% | | ||||||||||||
BP Capital Markets PLC, 3.51%, 3/17/25 | | | | | 549,000 | | | | | | 560,814 | | |
Cenovus Energy, Inc., 5.20%, 9/15/43 | | | | | 210,000 | | | | | | 196,670 | | |
Petro-Canada, 5.95%, 5/15/35 | | | | | 108,000 | | | | | | 127,855 | | |
Petroleos Mexicanos, 6.35%, 2/12/48 | | | | | 54,000 | | | | | | 47,609 | | |
Transocean Pontus Ltd., 6.13%, 8/1/25(a) | | | | | 23,625 | | | | | | 23,920 | | |
Transocean Poseidon Ltd., 6.88%, 2/1/27(a) | | | | | 50,000 | | | | | | 52,000 | | |
Total Energy | | | | | | | | | | | 1,008,868 | | |
FINANCIAL – 1.5% | | ||||||||||||
AIB Group PLC, Senior Note, 4.75%, 10/12/23(a) | | | | | 365,000 | | | | | | 377,107 | | |
Banque Federative du Credit Mutuel S.A., 3.75%, 7/20/23(a) | | | | | 490,000 | | | | | | 502,382 | | |
BNP Paribas S.A., 4.71%, 1/10/25 (4.71% fixed rate until 1/10/24; 2.24% + 3 month USD LIBOR thereafter)(a)(c) | | | | | 580,000 | | | | | | 603,238 | | |
Deutsche Bank AG, Senior Note, 4.25%, 2/4/21 | | | | | 151,000 | | | | | | 151,601 | | |
Deutsche Bank AG, Series D, 5.00%, 2/14/22 | | | | | 450,000 | | | | | | 460,110 | | |
goeasy Ltd., 7.88%, 11/1/22(a) | | | | | 25,000 | | | | | | 26,250 | | |
HSBC Holdings PLC, 3.40%, 3/8/21 | | | | | 268,000 | | | | | | 270,409 | | |
ING Groep N.V., Senior Note, 4.63%, 1/6/26(a) | | | | | 775,000 | | | | | | 813,516 | | |
Mitsubishi UFJ Financial Group, Inc., 3.00%, 2/22/22 | | | | | 285,000 | | | | | | 285,679 | | |
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
FINANCIAL – (continued) | | ||||||||||||
Mitsubishi UFJ Financial Group, Inc., 3.41%, 3/7/24 | | | | $ | 638,000 | | | | | $ | 646,759 | | |
NatWest Markets PLC, 3.63%, 9/29/22(a) | | | | | 702,000 | | | | | | 701,937 | | |
Nederlandse Waterschapsbank N.V., Senior Note, 3.13%, 12/5/22(a) | | | | | 500,000 | | | | | | 512,525 | | |
Nordea Bank Abp, 6.63%, 3/26/26 (6.63% fixed rate until 3/26/26; + 5 year CMT + 4.11% thereafter)(a)(c)(d) | | | | | 200,000 | | | | | | 199,500 | | |
Royal Bank of Scotland Group PLC, 4.27%, 3/22/25 (4.27% fixed rate until 3/22/24; 1.76% + 3 month USD LIBOR thereafter)(c) | | | | | 269,000 | | | | | | 271,658 | | |
Royal Bank of Scotland Group PLC, 4.52%, 6/25/24 (4.52% fixed rate until 6/25/23; 1.55% + 3 month USD LIBOR thereafter)(c) | | | | | 380,000 | | | | | | 388,756 | | |
Safina Ltd., 2.00%, 12/30/23 | | | | | 347,835 | | | | | | 342,283 | | |
Societe Generale S.A., 3.88%, 3/28/24(a) | ��� | | | | 350,000 | | | | | | 351,304 | | |
State Bank of India, 4.38%, 1/24/24(a) | | | | | 205,000 | | | | | | 210,231 | | |
Swiss Re Finance Luxembourg S.A., 5.00%, 4/2/49 (1.00% fixed rate until 4/2/29; 3.58% + 5 Year CMT thereafter)(a)(c) | | | | | 400,000 | | | | | | 405,322 | | |
Toronto-Dominion Bank (The), 2.88%, 9/17/20 (3 month USD LIBOR + 0.26%)(c) | | | | | 1,200,000 | | | | | | 1,201,023 | | |
Total Financial | | | | | | | | | | | 8,721,590 | | |
INDUSTRIAL – 0.5% | | ||||||||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.63%, 5/15/23(a) | | | | | 200,000 | | | | | | 201,250 | | |
Avolon Holdings Funding Ltd., 5.25%, 5/15/24(a) | | | | | 25,000 | | | | | | 25,750 | | |
Bombardier, Inc., 7.88%, 4/15/27(a) | | | | | 325,000 | | | | | | 335,156 | | |
Canadian National Railway Co., 2.85%, 12/15/21 | | | | | 152,000 | | | | | | 152,246 | | |
CNH Industrial N.V., 4.50%, 8/15/23 | | | | | 129,000 | | | | | | 133,837 | | |
Embraer Netherlands Finance B.V., 5.05%, 6/15/25 | | | | | 63,000 | | | | | | 66,465 | | |
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN CORPORATE BONDS – (continued) | | ||||||||||||
INDUSTRIAL – (continued) | | ||||||||||||
Embraer Overseas Ltd., 5.70%, 9/16/23(a) | | | | $ | 135,000 | | | | | $ | 144,283 | | |
Ingersoll-Rand Luxembourg Finance S.A., 3.50%, 3/21/26 | | | | | 300,000 | | | | | | 302,698 | | |
Ingersoll-Rand Luxembourg Finance S.A., 3.80%, 3/21/29 | | | | | 260,000 | | | | | | 263,944 | | |
Klabin Austria GmbH, 7.00%, 4/3/49(a) | | | | | 250,000 | | | | | | 249,125 | | |
Masonite International Corp., 5.75%, 9/15/26(a) | | | | | 125,000 | | | | | | 127,813 | | |
Mexico City Airport Trust, 3.88%, 4/30/28(a) | | | | | 200,000 | | | | | | 180,752 | | |
Park Aerospace Holdings Ltd., 5.50%, 2/15/24(a) | | | | | 150,000 | | | | | | 155,625 | | |
Siemens Financieringsmaatschappij N.V., 3.25%, 5/27/25(a) | | | | | 510,000 | | | | | | 515,404 | | |
Total Industrial | | | | | | | | | | | 2,854,348 | | |
TECHNOLOGY – 0.0%(f) | | ||||||||||||
NXP B.V./NXP Funding LLC, 5.55%, 12/1/28(a) | | | | | 214,000 | | | | | | 231,764 | | |
UTILITIES – 0.1% | | ||||||||||||
Electricite de France S.A., 5.00%, 9/21/48(a) | | | | | 250,000 | | | | | | 257,861 | | |
Enel Finance International N.V., 3.63%, 5/25/27(a) | | | | | 80,000 | | | | | | 76,623 | | |
Enel Finance International N.V., 4.88%, 6/14/29(a) | | | | | 145,000 | | | | | | 151,220 | | |
Total Utilities | | | | | | | | | | | 485,704 | | |
TOTAL FOREIGN CORPORATE BONDS (Cost: $20,084,470) | | | | | 20,486,610 | | | ||||||
MUNICIPAL BONDS – 1.7% | | ||||||||||||
CALIFORNIA – 0.9% | | ||||||||||||
Bay Area Toll Authority, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series F2, 6.26%, 4/1/49 | | | | | 150,000 | | | | | | 213,917 | | |
Chula Vista Municipal Financing Authority, Revenue Bonds, 4.28%, 12/1/48 | | | | | 1,000,000 | | | | | | 1,022,230 | | |
City of Los Angeles CA, General Obligation, Series A, 3.50%, 9/1/37 | | | | | 315,000 | | | | | | 311,352 | | |
Investments | | | Principal Amount | | | Value | | ||||||
MUNICIPAL BONDS – (continued) | | ||||||||||||
CALIFORNIA – (continued) | | ||||||||||||
State of California, General Obligation, 2.25%, 10/1/23 | | | | $ | 1,000,000 | | | | | $ | 992,450 | | |
State of California, General Obligation, 3.27%, 4/1/47 (1 month USD LIBOR + 0.00%)(c) | | | | | 1,000,000 | | | | | | 1,004,000 | | |
State of California, General Obligation, 4.60%, 4/1/38 | | | | | 500,000 | | | | | | 532,680 | | |
State of California, General Obligation, Build America Bonds, 7.35%, 11/1/39 | | | | | 275,000 | | | | | | 400,273 | | |
State of California, General Obligation, High Speed Passenger Train, 2.19%, 4/1/47(c) | | | | | 500,000 | | | | | | 498,555 | | |
Upper Santa Clara Valley Joint Powers Authority, Revenue Bonds, Water Revenue, Series A, 3.88%, 8/1/48 | | | | | 500,000 | | | | | | 501,600 | | |
Total California | | | | | | | | | | | 5,477,057 | | |
HAWAII – 0.2% | | ||||||||||||
City & Cnty. of Honolulu HI, General Obligation, Series F-GREEN BOND, 3.94%, 9/1/34 | | | | | 500,000 | | | | | | 517,870 | | |
City & County of Honolulu, HI, General Obligation, Green Bond, Series D, 2.14%, 10/1/23 | | | | | 550,000 | | | | | | 540,540 | | |
Total Hawaii | | | | | | | | | | | 1,058,410 | | |
ILLINOIS – 0.1% | | ||||||||||||
Chicago Housing Auth., Revenue Bonds, Series B, 4.36%, 1/1/38 | | | | | 500,000 | | | | | | 528,675 | | |
State of Illinois, General Obligation, Series A, 5.00%, 10/1/22 | | | | | 210,000 | | | | | | 226,061 | | |
Total Illinois | | | | | | | | | | | 754,736 | | |
NEW JERSEY – 0.1% | | ||||||||||||
New Jersey Turnpike Authority, Revenue Bonds, Build America Bonds, Series F, 7.41%, 1/1/40 | | | | | 300,000 | | | | | | 450,606 | | |
NEW YORK – 0.1% | | ||||||||||||
City of New York NY, General Obligation, Series C, 3.25%, 12/1/23 | | | | | 580,000 | | | | | | 597,127 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
MUNICIPAL BONDS – (continued) | | ||||||||||||
OREGON – 0.1% | | ||||||||||||
Oregon State Business Development Commission, Revenue Bonds, Economic Development Revenue, 6.50%, 4/1/31(a) | | | | $ | 500,000 | | | | | $ | 482,675 | | |
TEXAS – 0.2% | | ||||||||||||
Texas Water Development Board, Revenue Bonds, 4.19%, 10/15/43 | | | | | 500,000 | | | | | | 522,210 | | |
Texas Water Development Board, Revenue Bonds, State Water Implementation Funds, Series B, 3.70%, 10/15/47 | | | | | 1,000,000 | | | | | | 1,002,990 | | |
Total Texas | | | | | | | | | | | 1,525,200 | | |
TOTAL MUNICIPAL BONDS (Cost: $10,092,870) | | | | | 10,345,811 | | | ||||||
SUPRANATIONAL BONDS – 1.5% | | ||||||||||||
Asian Development Bank, 3.13%, 9/26/28 | | | | | 500,000 | | | | | | 524,065 | | |
Digicel Group One Ltd., 8.25%, 12/30/22(a) | | | | | 102,000 | | | | | | 62,220 | | |
European Investment Bank, 1.63%, 8/14/20 | | | | | 460,000 | | | | | | 455,107 | | |
European Investment Bank, 2.38%, 5/24/27 | | | | | 500,000 | | | | | | 495,913 | | |
European Stability Mechanism, Senior Note, 2.13%, 11/3/22(a) | | | | | 1,000,000 | | | | | | 991,418 | | |
Inter-American Development Bank, 2.49%, 10/9/20 (1 month USD LIBOR + 0.00%)(c) | | | | | 1,000,000 | | | | | | 999,410 | | |
International Bank for Reconstruction & Development, 2.51%, 3/18/20 (1 month USD LIBOR + 0.03%)(c) | | | | | 1,000,000 | | | | | | 1,000,110 | | |
International Bank for Reconstruction & Development, Senior Note, 3.13%, 11/20/25 | | | | | 731,000 | | | | | | 761,358 | | |
International Development Association, 2.75%, 4/24/23(a) | | | | | 500,000 | | | | | | 507,620 | | |
International Finance Corp., 1.75%, 3/30/20 | | | | | 1,000,000 | | | | | | 992,554 | | |
Kreditanstalt fuer Wiederaufbau, 1.63%, 3/15/21 | | | | | 399,000 | | | | | | 393,318 | | |
Investments | | | Principal Amount | | | Value | | ||||||
SUPRANATIONAL BONDS – (continued) | | ||||||||||||
Kreditanstalt fuer Wiederaufbau, 1.88%, 11/30/20 | | | | $ | 1,000,000 | | | | | $ | 992,037 | | |
North American Development Bank, 2.40%, 10/26/22 | | | | | 1,000,000 | | | | | ��� | 987,501 | | |
TOTAL SUPRANATIONAL BONDS (Cost: $9,029,740) | | | | | 9,162,631 | | | ||||||
FOREIGN GOVERNMENT OBLIGATIONS – 0.9% | | ||||||||||||
HUNGARY – 0.0%(f) | | ||||||||||||
Hungary Government International Bond, 7.63%, 3/29/41 | | | | | 54,000 | | | | | | 80,144 | | |
INDONESIA – 0.2% | | ||||||||||||
Indonesia Government International Bond, 2.95%, 1/11/23 | | | | | 200,000 | | | | | | 197,868 | | |
Indonesia Government International Bond, 4.13%, 1/15/25(a) | | | | | 400,000 | | | | | | 409,940 | | |
Indonesia Government International Bond, Senior Note, 4.45%, 2/11/24 | | | | | 200,000 | | | | | | 208,416 | | |
Perusahaan Penerbit SBSN Indonesia III, 3.75%, 3/1/23(a) | | | | | 300,000 | | | | | | 302,394 | | |
Perusahaan Penerbit SBSN Indonesia III, 3.90%, 8/20/24(a) | | | | | 250,000 | | | | | | 253,160 | | |
Total Indonesia | | | | | | | | | | | 1,371,778 | | |
IRAQ – 0.1% | | ||||||||||||
Iraq Government AID Bond, 2.15%, 1/18/22 | | | | | 500,000 | | | | | | 496,881 | | |
MEXICO – 0.1% | | ||||||||||||
Mexico Government International Bond, 4.50%, 4/22/29 | | | | | 207,000 | | | | | | 214,349 | | |
Mexico Government International Bond, Series MTN, 4.75%, 3/8/44 | | | | | 168,000 | | | | | | 164,976 | | |
Total Mexico | | | | | | | | | | | 379,325 | | |
PANAMA – 0.0%(f) | | ||||||||||||
Panama Government International Bond, Senior Bond, 6.70%, 1/26/36 | | | | | 100,000 | | | | | | 130,500 | | |
QATAR – 0.1% | | ||||||||||||
Qatar Government International Bond, 4.50%, 4/23/28(a) | | | | | 200,000 | | | | | | 213,717 | | |
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN GOVERNMENT OBLIGATIONS – (continued) | | ||||||||||||
QATAR – (continued) | | ||||||||||||
Qatar Government International Bond, 4.82%, 3/14/49(a) | | | | $ | 205,000 | | | | | $ | 215,545 | | |
Total Qatar | | | | | | | | | | | 429,262 | | |
ROMANIA – 0.0%(f) | | ||||||||||||
Romanian Government International Bond, 5.13%, 6/15/48(a) | | | | | 50,000 | | | | | | 49,775 | | |
SAUDI ARABIA – 0.1% | | ||||||||||||
Saudi Government International Bond, 4.00%, 4/17/25(a) | | | | | 300,000 | | | | | | 307,137 | | |
Saudi Government International Bond, 5.25%, 1/16/50(a) | | | | | 205,000 | | | | | | 218,628 | | |
Total Saudi Arabia | | | | | | | | | | | 525,765 | | |
TUNISIA – 0.0%(f) | | ||||||||||||
Tunisia Government AID Bonds, 1.42%, 8/5/21 | | | | | 200,000 | | | | | | 195,760 | | |
UKRAINE – 0.2% | | ||||||||||||
Ukraine Government AID Bonds, 1.47%, 9/29/21 | | | | | 1,120,000 | | | | | | 1,097,051 | | |
UNITED ARAB EMIRATES – 0.1% | | ||||||||||||
Abu Dhabi Government International Bond, 3.13%, 10/11/27(a) | | | | | 250,000 | | | | | | 248,125 | | |
URUGUAY – 0.0%(f) | | ||||||||||||
Uruguay Government International Bond, 5.10%, 6/18/50 | | | | | 150,000 | | | | | | 159,375 | | |
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $4,992,036) | | | | | | | | | | | 5,163,741 | | |
FOREIGN GOVERNMENT AGENCIES – 0.5% | | ||||||||||||
CANADA – 0.2% | | ||||||||||||
Province of Quebec Canada, 2.75%, 4/12/27 | | | | | 1,000,000 | | | | | | 1,002,320 | | |
NORWAY – 0.1% | | ||||||||||||
Kommunalbanken A/S, 2.13%, 2/11/25(a) | | | | | 500,000 | | | | | | 489,612 | | |
Kommunalbanken A/S, 2.75%, 2/5/24(a) | | | | | 329,000 | | | | | | 333,909 | | |
Total Norway | | | | | | | | | | | 823,521 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
FOREIGN GOVERNMENT AGENCIES – (continued) | | ||||||||||||
SOUTH KOREA – 0.0%(f) | | ||||||||||||
Korea Hydro & Nuclear Power Co., Ltd., 3.75%, 7/25/23(a) | | | | $ | 200,000 | | | | | $ | 206,189 | | |
SWEDEN – 0.2% | | ||||||||||||
Kommuninvest I Sverige AB, 1.50%, 4/23/19(a) | | | | | 1,000,000 | | | | | | 999,370 | | |
TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $2,960,764) | | | | | | | | | | | 3,031,400 | | |
BANK LOANS – 0.2% | | ||||||||||||
BASIC MATERIALS – 0.0%(f) | | ||||||||||||
Aleris International, Inc. 2018 Term Loan, 7.25%, 2/27/23 (1-month USD LIBOR + 4.75%)(c) | | | | | 49,625 | | | | | | 49,526 | | |
COMMUNICATIONS – 0.1% | | ||||||||||||
Altice France S.A. 2018 Term Loan B13, 6.16%, 8/14/26 (1-month USD LIBOR + 4.00%)(c) | | | | | 124,688 | | | | | | 119,201 | | |
CommScope, Inc. 2019 Term Loan B, 2.50%, 4/6/26 | | | | | 50,000 | | | | | | 49,916 | | |
Level 3 Financing, Inc., 4.74%, 2/22/24 (3-month USD LIBOR + 2.25%)(c) | | | | | 50,000 | | | | | | 49,365 | | |
Windstream Holdings, Inc., 2.50%, 3/6/21 | | | | | 50,000 | | | | | | 49,860 | | |
Total Communications | | | | | | | | | | | 268,342 | | |
CONSUMER, CYCLICAL – 0.1% | | ||||||||||||
ASP Unifrax Holdings, Inc., 6.35%, 12/12/25 (3-month USD LIBOR + 3.75%)(c) | | | | | 24,938 | | | | | | 23,726 | | |
Boyd Gaming Corp., 4.66%, 9/15/23 (1-Week USD LIBOR + 2.25%)(c) | | | | | 25,000 | | | | | | 24,758 | | |
HD Supply, Inc., 4.25%, 10/17/23 (1-month USD LIBOR + 1.75%)(c) | | | | | 49,937 | | | | | | 49,288 | | |
Hilton Worldwide Finance LLC, 4.24%, 10/25/23 (1-month USD LIBOR + 1.75%)(c) | | | | | 50,000 | | | | | | 49,875 | | |
HLF Financing Sarl LLC/Herbalife International, Inc. 2018 Term Loan B, 5.75%, 8/18/25 (1-month USD LIBOR + 3.25%)(c) | | | | | 24,875 | | | | | | 24,879 | | |
Life Time, Inc. 2017 Term Loan B, 5.38%, 6/10/22 (3-month USD LIBOR + 2.75%)(c) | | | | | 123,744 | | | | | | 122,130 | | |
Investments | | | Principal Amount | | | Value | | ||||||
BANK LOANS – (continued) | | ||||||||||||
CONSUMER, CYCLICAL – (continued) | | ||||||||||||
Marriott Ownership Resorts, Inc. 2018 Term Loan B, 4.75%, 8/29/25 (1-month USD LIBOR + 2.25%)(c) | | | | $ | 49,875 | | | | | $ | 49,563 | | |
Panther BF Aggregator 2 L.P., 3.50%, 3/18/26 | | | | | 150,000 | | | | | | 148,220 | | |
Total Consumer, Cyclical | | | | | | | | | | | 492,439 | | |
CONSUMER, NON-CYCLICAL – 0.0%(f) | | ||||||||||||
Camelot Finance L.P., 5.75%, 10/3/23 (1-month USD LIBOR + 3.25%)(c) | | | | | 24,935 | | | | | | 24,780 | | |
Verscend Holding Corp. 2018 Term Loan B, 7.00%, 8/24/25 (1-month USD LIBOR + 4.50%)(c) | | | | | 24,875 | | | | | | 24,657 | | |
Total Consumer, Non-cyclical | | | | | 49,437 | | | ||||||
ENERGY – 0.0%(f) | | ||||||||||||
BCP Renaissance Parent LLC 2017 Term Loan B, 6.24%, 10/31/24 (3-month USD LIBOR + 3.50%)(c) | | | | | 24,688 | | | | | | 24,565 | | |
Consolidated Energy Finance S.A. Term Loan B, 4.99%, 5/7/25 (1-month USD LIBOR + 2.50%)(c) | | | | | 74,438 | | | | | | 71,832 | | |
Prairie ECI Acquiror L.P. Term Loan B, 4.75%, 3/11/26 | | | | | 50,000 | | | | | | 50,062 | | |
TEX Operations Co. LLC Term Loan, 4.50%, 8/4/23 (1-month USD LIBOR + 2.00%)(c) | | | | | 24,936 | | | | | | 24,628 | | |
Total Energy | | | | | | | | | | | 171,087 | | |
FINANCIAL – 0.0%(f) | | ||||||||||||
Edelman Financial Center LLC 2018 1st Lien Term Loan, 6.04%, 7/21/25 (3-month USD LIBOR + 3.25%)(c) | | | | | 49,875 | | | | | | 49,423 | | |
Financial & Risk US Holdings, Inc. 2018 USD Term Loan, 6.25%, 10/1/25 (1-month USD LIBOR + 3.75%)(c) | | | | | 49,875 | | | | | | 48,388 | | |
Hub International Ltd. 2018 Term Loan B, 5.52%, 4/25/25 (3-month USD LIBOR + 2.75%)(c) | | | | | 24,813 | | | | | | 23,964 | | |
Total Financial | | | | | | | | | | | 121,775 | | |
|
Investments | | | Principal Amount | | | Value | | ||||||
BANK LOANS – (continued) | | ||||||||||||
HEALTH CARE – 0.0%(f) | | ||||||||||||
MPH Acquisition Holdings LLC 2016 Term Loan B, 5.35%, 6/7/23 (3-month USD LIBOR + 2.75%)(c) | | | | $ | 23,202 | | | | | $ | 22,426 | | |
INDUSTRIAL – 0.0%(f) | | ||||||||||||
Altra Industrial Motion Corp. 2018 Term Loan B, 4.50%, 10/1/25 (1-month USD LIBOR + 2.00%)(c) | | | | | 24,347 | | | | | | 23,891 | | |
TECHNOLOGY – 0.0%(f) | | ||||||||||||
IQVIA, Inc., 4.25%, 6/11/25 (1-month USD LIBOR + 1.75%)(c) | | | | | 24,937 | | | | | | 24,646 | | |
TOTAL BANK LOANS (Cost: $1,235,927) | | | | | | | | | | | 1,223,569 | | |
| | | | | Shares | | | | | | | | |
SHORT-TERM INVESTMENTS – 5.9% | | ||||||||||||
State Street Institutional Treasury Money Market Fund – Investor Class Shares, 2.27% (Cost $34,838,012)(g) | | | | | 34,838,012 | | | | | | 34,838,012 | | |
TOTAL INVESTMENTS – 103.6% (Cost: $606,423,695) | | | | | 615,913,316 | | | ||||||
OTHER ASSETS AND LIABILITIES, NET – (3.6)% | | | | | | | | | | | (21,461,102) | | |
NET ASSETS – 100.0% | | | | $ | 594,452,214 | | | ||||||
|
Description | | | Type | | | Contracts | | | Expiration Date | | | Notional Amount | | | Value/Net Unrealized Appreciation (Depreciation) | | |||||||||
CONTRACTS PURCHASED – 1.4% | | | | | | | | | | | | | | | | | | | | | | | | | |
U.S. Treasury 10-Year Ultra Long-Term Bonds | | | Long | | | | | 1,000,000 | | | | 06/19/2019 | | | | $ | 1,327,812 | | | | | | 26,393 | | |
U.S. Treasury Ultra Long-Term Bonds | | | Long | | | | | 4,200,000 | | | | 06/19/2019 | | | | | 7,056,000 | | | | | | 247,955 | | |
Total | | | | | | | | | | | | | | | | | | | | | | $ | 274,348 | | |
CONTRACTS SOLD – (4.1)% | | | | | | | | | | | | | | | | | | | | | | | | | |
U.S. Treasury 2-Year Notes | | | Short | | | | | (3,400,000) | | | | 06/28/2019 | | | | $ | (3,622,594) | | | | | | (12,184) | | |
U.S. Treasury 5-Year Notes | | | Short | | | | | (5,700,000) | | | | 06/28/2019 | | | | | (6,602,203) | | | | | | (4,531) | | |
U.S. Treasury 10-Year Notes | | | Short | | | | | (4,000,000) | | | | 06/19/2019 | | | | | (4,968,750) | | | | | | (30,248) | | |
U.S. Treasury Long-Term Bonds | | | Short | | | | | (6,200,000) | | | | 06/19/2019 | | | | | (9,278,687) | | | | | | (230,539) | | |
Total | | | | | | | | | | | | | | | | | | | | | | $ | (277,502) | | |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
PFM Multi-Manager Fixed Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate Bonds | | | | $ | — | | | | | $ | 253,560,320 | | | | | $ | — | | | | | $ | 253,560,320 | | |
Asset-Backed Securities | | | | | — | | | | | | 79,645,923 | | | | | | — | | | | | | 79,645,923 | | |
U.S. Government Obligations | | | | | — | | | | | | 70,587,436 | | | | | | — | | | | | | 70,587,436 | | |
U.S. Government Agencies | | | | | — | | | | | | 69,047,026 | | | | | | — | | | | | | 69,047,026 | | |
Commercial Mortgage-Backed Securities | | | | | — | | | | | | 58,820,837 | | | | | | — | | | | | | 58,820,837 | | |
Foreign Corporate Bonds | | | | | — | | | | | | 20,486,610 | | | | | | — | | | | | | 20,486,610 | | |
Municipal Bonds | | | | | — | | | | | | 10,345,811 | | | | | | — | | | | | | 10,345,811 | | |
Supranational Bonds | | | | | — | | | | | | 9,162,631 | | | | | | — | | | | | | 9,162,631 | | |
Foreign Government Obligations | | | | | — | | | | | | 5,163,741 | | | | | | — | | | | | | 5,163,741 | | |
Foreign Government Agencies | | | | | — | | | | | | 3,031,400 | | | | | | — | | | | | | 3,031,400 | | |
Bank Loans | | | | | — | | | | | | 1,223,569 | | | | | | — | | | | | | 1,223,569 | | |
Money Market Fund | | | | | 34,838,012 | | | | | | — | | | | | | — | | | | | | 34,838,012 | | |
Total Investments in Securities | | | | $ | 34,838,012 | | | | | $ | 581,075,304 | | | | | $ | — | | | | | $ | 615,913,316 | | |
Other Financial Instruments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures Contracts(a) | | | | $ | 274,348 | | | | | $ | — | | | | | $ | — | | | | | $ | 274,348 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures Contracts(a) | | | | $ | (277,502) | | | | | $ | — | | | | | $ | — | | | | | $ | (277,502) | | |
| | | 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 $624,601,511, $366,539,685 and $606,423,695 respectively) | | | | $ | 645,563,162 | | | | | $ | 347,836,593 | | | | | $ | 615,913,316 | | |
Foreign Currency, at Value (Cost $–, $499,267 and $–, respectively) | | | | | — | | | | | | 492,425 | | | | | | — | | |
Cash | | | | | 55 | | | | | | — | | | | | | 787,425 | | |
Deposits at Broker for Futures Contracts | | | | | 140,996 | | | | | | 329,534 | | | | | | 35,471 | | |
Receivables: | | | | | | | | | | | | | | | | | | | |
Investment Securities Sold | | | | | 1,041,638 | | | | | | 1,678,339 | | | | | | 6,123,529 | | |
Dividends | | | | | 581,072 | | | | | | 1,301,670 | | | | | | — | | |
Interest | | | | | — | | | | | | — | | | | | | 4,415,786 | | |
Foreign Tax Reclaims | | | | | 602 | | | | | | 179,515 | | | | | | 1,097 | | |
Prepaid Expenses | | | | | 37,171 | | | | | | 23,193 | | | | | | 33,886 | | |
Net Variation Margin on Futures Contracts | | | | | 116,058 | | | | | | 80,366 | | | | | | — | | |
Total Assets | | | | | 647,480,754 | | | | | | 351,921,635 | | | | | | 627,310,510 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | |
Payables: | | | | | | | | | | | | | | | | | | | |
Investment Securities Purchased | | | | | 1,248,791 | | | | | | 439,205 | | | | | | 32,479,624 | | |
Advisory Fees | | | | | 164,079 | | | | | | 123,323 | | | | | | 195,946 | | |
Trustees’ Fees and Expenses | | | | | 3,986 | | | | | | 1,398 | | | | | | 3,849 | | |
Other Accrued Expenses | | | | | 133,322 | | | | | | 269,574 | | | | | | 176,025 | | |
Net Variation Margin on Futures Contracts | | | | | — | | | | | | — | | | | | | 2,852 | | |
Total Liabilities | | | | | 1,550,178 | | | | | | 833,500 | | | | | | 32,858,296 | | |
Net Assets | | | | $ | 645,930,576 | | | | | $ | 351,088,135 | | | | | $ | 594,452,214 | | |
Net Assets Consists of: | | | | | | | | | | | | | | | | | | | |
Paid-In Capital | | | | $ | 619,816,972 | | | | | $ | 373,246,617 | | | | | $ | 584,968,052 | | |
Total Distributable Earnings (Loss) | | | | | 26,113,604 | | | | | | (22,158,482) | | | | | | 9,484,162 | | |
Net Assets | | | | $ | 645,930,576 | | | | | $ | 351,088,135 | | | | | $ | 594,452,214 | | |
Capital shares outstanding, no par value, unlimited shares authorized (all shares outstanding are of each Fund’s Institutional Class) | | | | | 61,764,189 | | | | | | 38,006,079 | | | | | | 58,264,350 | | |
Net asset value, offering price and redemption price per share | | | | $ | 10.46 | | | | | $ | 9.24 | | | | | $ | 10.20 | | |
| | | 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 $2,745, $329,567 and $–, respectively) | | | | $ | 6,026,876 | | | | | $ | 3,706,117 | | | | | $ | 124,633 | | |
Interest (net of taxes withheld of $–, $– and $1,166, respectively) | | | | | 2,149 | | | | | | 2,121 | | | | | | 10,544,548 | | |
Total Investment Income | | | | | 6,029,025 | | | | | | 3,708,238 | | | | | | 10,669,181 | | |
Expenses: | | | | | | | | | | | | | | | | | | | |
Advisory Fees (Note 3) | | | | | 856,837 | | | | | | 778,829 | | | | | | 1,019,207 | | |
Accounting Fees | | | | | 65,263 | | | | | | 139,266 | | | | | | 119,941 | | |
Administration Fees | | | | | 32,909 | | | | | | 32,909 | | | | | | 32,923 | | |
Audit and Tax Fees | | | | | 32,658 | | | | | | 81,203 | | | | | | 43,323 | | |
Custodian Fees | | | | | 27,614 | | | | | | 107,300 | | | | | | 39,612 | | |
Insurance Premiums | | | | | 20,606 | | | | | | 10,960 | | | | | | 16,875 | | |
Legal Fees | | | | | 57,607 | | | | | | 30,746 | | | | | | 48,267 | | |
Offering Costs (Note 4) | | | | | 5,798 | | | | | | 5,798 | | | | | | 5,798 | | |
Registration Fees | | | | | 14,330 | | | | | | 7,621 | | | | | | 11,736 | | |
Transfer Agent Fees | | | | | 23,899 | | | | | | 23,872 | | | | | | 24,439 | | |
Trustees Fees and Expenses | | | | | 33,900 | | | | | | 17,980 | | | | | | 29,104 | | |
Other Expenses | | | | | 15,824 | | | | | | 11,358 | | | | | | 14,610 | | |
Total Expenses | | | | | 1,187,245 | | | | | | 1,247,842 | | | | | | 1,405,835 | | |
Less: Advisory Fees Waived | | | | | (147,730) | | | | | | (155,766) | | | | | | — | | |
Expenses Reimbursed/Recouped | | | | | 81,998 | | | | | | (110,751) | | | | | | (4,425) | | |
Net Expenses | | | | | 1,121,513 | | | | | | 981,325 | | | | | | 1,401,410 | | |
Net Investment Income | | | | | 4,907,512 | | | | | | 2,726,913 | | | | | | 9,267,771 | | |
Net Realized and Unrealized Gain (Loss) on investments: | | | | | | | | | | | | | | | | | | | |
Net Realized Gain (Loss) From: | | | | | | | | | | | | | | | | | | | |
Investments | | | | | 2,099,755 | | | | | | (3,256,713) | | | | | | 53,112 | | |
Futures Contracts | | | | | (324,027) | | | | | | (22,745) | | | | | | (158,328) | | |
Foreign Currency Related Transactions | | | | | (75) | | | | | | (82,889) | | | | | | — | | |
Net Realized Gain (Loss) | | | | | 1,775,653 | | | | | | (3,362,347) | | | | | | (105,216) | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation From: | | | | | | | | | | | | | | | | | | | |
Investments | | | | | (12,337,900) | | | | | | (9,105,361) | | | | | | 10,822,968 | | |
Futures Contracts | | | | | 103,535 | | | | | | (1,106) | | | | | | (50,076) | | |
Translation of Assets and Liabilities Denominated in Foreign Currencies | | | | | (2) | | | | | | (771) | | | | | | — | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation | | | | | (12,234,367) | | | | | | (9,107,238) | | | | | | 10,772,892 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (5,551,202) | | | | | $ | (9,742,672) | | | | | $ | 19,935,447 | | |
| | | PFM Multi-Manager Domestic Equity Fund | | | PFM Multi-Manager International Equity Fund | | ||||||||||||||||||
| | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | ||||||||||||
Increase in Net Assets Resulting From Operations: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 4,907,512 | | | | | $ | 3,167,519 | | | | | $ | 2,726,913 | | | | | $ | 2,312,474 | | |
Net Realized Gain (Loss) | | | | | 1,775,653 | | | | | | 630,117 | | | | | | (3,362,347) | | | | | | (2,149,970) | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation | | | | | (12,234,367) | | | | | | 33,311,407 | | | | | | (9,107,238) | | | | | | (9,531,464) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | (5,551,202) | | | | | | 37,109,043 | | | | | | (9,742,672) | | | | | | (9,368,960) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributable Earnings | | | | | (5,444,237) | | | | | | — | | | | | | (3,046,850) | | | | | | — | | |
Capital Share Transactions: | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from Sale of Shares | | | | | 101,585,845 | | | | | | 561,847,700 | | | | | | 49,377,867 | | | | | | 324,187,200 | | |
Reinvestment of Distributions | | | | | 5,444,237 | | | | | | — | | | | | | 3,046,850 | | | | | | — | | |
Cost of Shares Redeemed | | | | | (45,097,710) | | | | | | (3,963,100) | | | | | | (3,286,300) | | | | | | (79,000) | | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | | | | | 61,932,372 | | | | | | 557,884,600 | | | | | | 49,138,417 | | | | | | 324,108,200 | | |
Net Increase in Net Assets | | | | | 50,936,933 | | | | | | 594,993,643 | | | | | | 36,348,895 | | | | | | 314,739,240 | | |
Net Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 594,993,643 | | | | | | — | | | | | | 314,739,240 | | | | | | — | | |
End of period | | | | $ | 645,930,576 | | | | | $ | 594,993,643 | | | | | $ | 351,088,135 | | | | | $ | 314,739,240 | | |
Shares Subscribed and Redeemed: | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding, Beginning of period | | | | | 55,313,427 | | | | | | — | | | | | | 32,469,106 | | | | | | — | | |
Shares Subscribed | | | | | 10,216,473 | | | | | | 55,686,877 | | | | | | 5,544,997 | | | | | | 32,477,349 | | |
Shares Issued from Reinvestment of Distributions | | | | | 596,302 | | | | | | — | | | | | | 366,208 | | | | | | — | | |
Shares Redeemed | | | | | (4,362,013) | | | | | | (373,450) | | | | | | (374,232) | | | | | | (8,243) | | |
Shares Outstanding, End of period | | | | | 61,764,189 | | | | | | 55,313,427 | | | | | | 38,006,079 | | | | | | 32,469,106 | | |
| | | PFM Multi-Manager Fixed-Income Fund | | |||||||||
| | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | ||||||
Increase in Net Assets Resulting From Operations: | | | | | | | | | | | | | |
Net investment income | | | | $ | 9,267,771 | | | | | $ | 5,022,454 | | |
Net Realized Gain (Loss) | | | | | (105,216) | | | | | | 812,797 | | |
Net Increase (Decrease) in Unrealized Appreciation/Depreciation | | | | | 10,772,892 | | | | | | (1,286,425) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | 19,935,447 | | | | | | 4,548,826 | | |
Distributions from: | | | | | | | | | | | | | |
Distributable Earnings | | | | | (10,115,766) | | | | | | (4,884,345) | | |
Capital Share Transactions: | | | | | | | | | | | | | |
Proceeds from Sale of Shares | | | | | 92,799,941 | | | | | | 486,793,500 | | |
Reinvestment of Distributions | | | | | 10,115,766 | | | | | | 4,884,345 | | |
Cost of Shares Redeemed | | | | | (8,410,500) | | | | | | (1,215,000) | | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | | | | | 94,505,207 | | | | | | 490,462,845 | | |
Net Increase in Net Assets | | | | | 104,324,888 | | | | | | 490,127,326 | | |
Net Assets: | | | | | | | | | | | | | |
Beginning of period | | | | | 490,127,326 | | | | | | — | | |
End of period | | | | $ | 594,452,214 | | | | | $ | 490,127,326 | | |
Shares Subscribed and Redeemed: | | | | | | | | | | | | | |
Shares Outstanding, Beginning of period | | | | | 48,908,529 | | | | | | — | | |
Shares Subscribed | | | | | 9,188,475 | | | | | | 48,542,956 | | |
Shares Issued from Reinvestment of Distributions | | | | | 1,012,472 | | | | | | 486,188 | | |
Shares Redeemed | | | | | (845,126) | | | | | | (120,615) | | |
Shares Outstanding, End of period | | | | | 58,264,350 | | | | | | 48,908,529 | | |
| | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | ||||||
Net Asset Value, Beginning of period | | | | $ | 10.76 | | | | | $ | 10.00 | | |
Investment Operations: | | | | | | | | | | | | | |
Net Investment Income(2) | | | | | 0.08 | | | | | | 0.12 | | |
Net Realized and Unrealized Gain (Loss)(3) | | | | | (0.28) | | | | | | 0.64 | | |
Total from Investment Operations | | | | | (0.20) | | | | | | 0.76 | | |
Distributions From: | | | | | | | | | | | | | |
Net Investment Income | | | | | (0.08) | | | | | | — | | |
Capital gains | | | | | (0.02) | | | | | | — | | |
Total Distributions to Shareholders | | | | | (0.10) | | | | | | — | | |
Net Asset Value, End of period | | | | $ | 10.46 | | | | | $ | 10.76 | | |
Total Return(4),(5) | | | | | (1.81)% | | | | | | 7.60% | | |
Ratios/Supplemental Data:(6) | | | | | | | | | | | | | |
Net Assets, End of period (000’s omitted) | | | | $ | 645,931 | | | | | $ | 594,994 | | |
Ratios to average net assets of: | | | | | | | | | | | | | |
Expenses, Net of Expenses Waived/Reimbursed/Recouped | | | | | 0.38% | | | | | | 0.38% | | |
Expenses, Prior to Expenses Waived/Reimbursed/Recouped | | | | | 0.40% | | | | | | 0.55% | | |
Net Investment Income | | | | | 1.66% | | | | | | 1.54% | | |
Portfolio Turnover Rate | | | | | 13% | | | | | | 13% | | |
| | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | ||||||
Net Asset Value, Beginning of period | | | | $ | 9.69 | | | | | $ | 10.00 | | |
Investment Operations: | | | | | | | | | | | | | |
Net Investment Income(2) | | | | | 0.08 | | | | | | 0.15 | | |
Net Realized and Unrealized Gain (Loss)(3) | | | | | (0.44) | | | | | | (0.46) | | |
Total from Investment Operations | | | | | (0.36) | | | | | | (0.31) | | |
Distributions From: | | | | | | | | | | | | | |
Net Investment Income | | | | | (0.09) | | | | | | — | | |
Total Distributions to Shareholders | | | | | (0.09) | | | | | | — | | |
Net Asset Value, End of period | | | | $ | 9.24 | | | | | $ | 9.69 | | |
Total Return(4),(5) | | | | | (3.64)% | | | | | | (3.10)% | | |
Ratios/Supplemental Data:(6) | | | | | | | | | | | | | |
Net Assets, End of period (000’s omitted) | | | | $ | 351,088 | | | | | $ | 314,739 | | |
Ratios to average net assets of: | | | | | | | | | | | | | |
Expenses, Net of Expenses Waived/Reimbursed/Recouped | | | | | 0.63% | | | | | | 0.63% | | |
Expenses, Prior to Expenses Waived/Reimbursed/Recouped | | | | | 0.80% | | | | | | 1.09% | | |
Net Investment Income | | | | | 1.75% | | | | | | 2.08% | | |
Portfolio Turnover Rate | | | | | 8% | | | | | | 21% | | |
| | | For the Six Months Ended March 31, 2019 (unaudited) | | | For the Year Ended September 30, 2018(1) | | ||||||
Net Asset Value, Beginning of period | | | | $ | 10.02 | | | | | $ | 10.00 | | |
Investment Operations: | | | | | | | | | | | | | |
Net Investment Income(2) | | | | | 0.18 | | | | | | 0.23 | | |
Net Realized and Unrealized Gain (Loss)(3) | | | | | 0.20 | | | | | | (0.10) | | |
Total from Investment Operations | | | | | 0.38 | | | | | | 0.13 | | |
Distributions From: | | | | | | | | | | | | | |
Net Investment Income | | | | | (0.18) | | | | | | (0.11) | | |
Capital gains | | | | | (0.02) | | | | | | — | | |
Total Distributions to Shareholders | | | | | (0.20) | | | | | | (0.11) | | |
Net Asset Value, End of period | | | | $ | 10.20 | | | | | $ | 10.02 | | |
Total Return(4),(5) | | | | | 3.79% | | | | | | 1.27% | | |
Ratios/Supplemental Data:(6) | | | | | | | | | | | | | |
Net Assets, End of period (000’s omitted) | | | | $ | 594,452 | | | | | $ | 490,127 | | |
Ratios to average net assets of: | | | | | | | | | | | | | |
Expenses, Net of Expenses Waived/Reimbursed/Recouped | | | | | 0.55% | | | | | | 0.55% | | |
Expenses, Prior to Expenses Waived/Reimbursed/Recouped | | | | | 0.55% | | | | | | 0.73% | | |
Net Investment Income | | | | | 3.64% | | | | | | 3.00% | | |
Portfolio Turnover Rate | | | | | 43%(7) | | | | | | 218% | | |
| | | 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-Manger Fixed-Income Fund | | | | | — | | | | | | — | | |
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | | PFM Multi- Manager Fixed- Income Fund | | |||||||||
Cost of investments | | | | $ | 624,620,599 | | | | | $ | 366,703,244 | | | | | $ | 606,536,920 | | |
Unrealized appreciation | | | | $ | 49,245,136 | | | | | $ | 12,984,681 | | | | | $ | 12,139,403 | | |
Unrealized depreciation | | | | | (28,302,573) | | | | | | (31,851,332) | | | | | | (2,763,007) | | |
Net unrealized appreciation (depreciation) | | | | $ | 20,942,563 | | | | | $ | (18,866,651) | | | | | $ | 9,376,396 | | |
Fund | | | % | | |||
Domestic Equity Fund | | | | | 0.29% | | |
International Equity Fund | | | | | 0.50% | | |
Fixed-Income Fund | | | | | 0.40% | | |
Fund | | | Sub-Advisers | |
PFM Multi-Manager Domestic Equity | | | Champlain Investment Partners, LLC Nuance Investments, LLC SSGA Funds Management, Inc. Vaughan Nelson Investment Management, L.P. Jacobs Levy Equity Management, Inc. | |
PFM Multi-Manager International Equity Fund | | | Aristotle Capital Management, LLC J O Hambro Capital Management Limited Lazard Asset Management LLC SSGA Funds Management, Inc. | |
PFM Multi-Manager Fixed-Income Fund | | | Brown Brothers Harriman & Co. Nomura Corporate Research and Asset Management, Inc. PineBridge Investments LLC PGIM, Inc. Teachers Advisors, LLC | |
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 | | |||||||||
Advisory fees waived and expenses reimbursed not restored to the Advisor become unrecoverable in fiscal year-end: | | | | | | | | | | | | | | | |||||
September 30, 2021 | | | | $ | 358,270 | | | | | $ | 575,122 | | | | | $ | 351,664 | | |
September 30, 2022 | | | | | 147,730 | | | | | | 287,612 | | | | | | 31,662 | | |
Total | | | | $ | 506,000 | | | | | $ | 862,734 | | | | | $ | 383,326 | | |
| | | PFM Multi- Manager Domestic Equity Fund | | | PFM Multi- Manager International Equity Fund | | ||||||
Non-U.S. Government Purchases | | | | $ | 141,238,903 | | | | | $ | 72,232,273 | | |
Non-U.S. Government Sales | | | | $ | 77,132,927 | | | | | $ | 25,049,899 | | |
| | | PFM Multi- Manager Fixed- Income Fund | | |||
U.S. Government Purchases | | | | $ | 171,612,186 | | |
Non-U.S. Government Purchases | | | | $ | 138,463,241 | | |
U.S. Government Sales | | | | $ | 131,268,139 | | |
Non-U.S. Government Sales | | | | $ | 85,204,014 | | |
| | | PFM Multi- Manager Fixed- Income Fund | | |||
Purchases | | | | $ | 13,408,247 | | |
Sales | | | | $ | 15,186,475 | | |
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Equity contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 115,969 | | | | Net Variation Margin on Futures Contracts* | | | | $ | — | | |
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Equity contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 80,072 | | | | Net Variation Margin on Futures Contracts* | | | | $ | — | | |
| | | Asset Derivatives | | | Liability Derivatives | | ||||||||||||
Interest rate contracts | | | Net Variation Margin on Futures Contracts* | | | | $ | 274,348 | | | | Net Variation Margin on Futures Contracts* | | | | $ | 277,502 | | |
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) | | ||||||||||||
Equity contracts risk | | | Futures Contracts | | | | $ | (324,027) | | | | Futures Contracts | | | | $ | 103,535 | | |
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) | | ||||||||||||
Equity contracts risk | | | Futures Contracts | | | | $ | (22,745) | | | | Futures Contracts | | | | $ | (1,106) | | |
| | | Net Realized Gain (Loss) | | | Net Change in Unrealized Appreciation (Depreciation) | | ||||||||||||
Interest rate contracts | | | Futures Contracts | | | | $ | (158,328) | | | | Futures Contracts | | | | $ | (50,076) | | |
| | | Futures Contracts – Long | | | Futures Contracts – Short | | ||||||
PFM Multi-Manager Domestic Equity Fund | | | | $ | 5,195,917 | | | | | $ | — | | |
PFM Multi-Manager International Equity Fund | | | | $ | 7,365,120 | | | | | $ | — | | |
PFM Multi-Manager Fixed-Income Fund | | | | $ | 9,747,738 | | | | | $ | 18,727,601 | | |
| | | Beginning Account Value 10/1/18 | | | Ending Account Value 3/31/19 | | | Annualized Expense Ratio Based on the Period | | | Expenses Paid During the Period(1),(2) 10/1/18 to 3/31/19 | | ||||||||||||
PFM Multi-Manager Domestic Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 981.90 | | | | | | 0.38% | | | | | $ | 1.88 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.04 | | | | | | 0.38% | | | | | $ | 1.92 | | |
PFM Multi-Manager International Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 963.60 | | | | | | 0.63% | | | | | $ | 3.08 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.79 | | | | | | 0.63% | | | | | $ | 3.18 | | |
PFM Multi-Manager Fixed-Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,037.90 | | | | | | 0.55% | | | | | $ | 2.79 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.19 | | | | | | 0.55% | | | | | $ | 2.77 | | |
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.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed registrants.
Not applicable to the Registrant.
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 to the Registrant. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the Registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
During the period ended March 31, 2019, there were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.
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 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 to the Registrant. |
(b) | Not applicable to the Registrant. |
Item 13. Exhibits.
(a)(1) | Not applicable to this filing. |
(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 to the Registrant. |
(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: | June 6, 2019 |
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: | June 6, 2019 |
By: | /s/ Daniel Hess |
Daniel Hess | |
Treasurer (Principal Financial Officer) | |
Date: | June 6, 2019 |