Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar U.S. Equity Fund
1
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
2
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
3
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
4
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
5
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
6
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
7
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
8
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar U.S. Equity Fund
Percentages shown are based on Net Assets. |
All securities are United States companies, unless noted otherwise in parentheses. | |||
(a) | Amount rounds to less than 0.05%. | ||
(b) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $52,278,522. | ||
(c) | Security sold outside United States without registration under the Securities Act of 1933. | ||
(d) | Par value is in USD unless otherwise indicated. | ||
(e) | 7-day current yield as of January 31, 2024 is disclosed. | ||
(f) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $6,575,455 and total non-cash collateral has a value of $47,983,009. | ||
(g) | The obligations of certain U.S. government-sponsored entities are neither issued nor guaranteed by the United States Treasury. | ||
(h) | Zero coupon bond. | ||
* | Non-Income Producing Security |
Abbreviations: |
ETF | Exchange-Traded Fund |
L.P. | Limited Partnership |
PLC | Public Limited Company |
REIT | Real Estate Investment Trust |
S&P | Standards & Poor's |
SPDR | Standard & Poor's Depositary Receipt |
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar U.S. Equity Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Common Stocks | $1,413,830,188 | $12,926,171 | $— | $1,426,756,359 |
Master Limited Partnerships | 12,830,457 | — | — | 12,830,457 |
Investment Companies | 138,552,249 | — | — | 138,552,249 |
Short-Term Investments | 22,774,499 | 1,966,000 | — | 24,740,499 |
Total Investments | $1,587,987,393 | $14,892,171 | $— | $1,602,879,564 |
9
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar International Equity Fund
10
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
11
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
12
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
13
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
14
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
15
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
16
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
17
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
Percentages shown are based on Net Assets. |
All securities are United States companies, unless noted otherwise in parentheses. | |||
(a) | Security sold outside United States without registration under the Securities Act of 1933. | ||
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(c) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $9,818,979. | ||
(d) | Investment is valued using significant unobservable inputs (Level 3). | ||
(e) | Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income. | ||
(f) | Amount rounds to less than 0.05%. | ||
(g) | 7-day current yield as of January 31, 2024 is disclosed. | ||
(h) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $3,000,567 and total non-cash collateral has a value of $7,232,266. | ||
* | Non-Income Producing Security |
Abbreviations: |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
JSC | Joint Stock Company |
MICEX | Moscow Interbank Currency Exchange |
NVDR | Non-Voting Depositary Receipt |
PCL | Public Company Limited |
PJSC | Public Joint Stock Company |
PLC | Public Limited Company |
QPSC | Qatari Public Shareholding Company |
18
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar International Equity Fund
Valuation
Hierarchy
The following is
a summary of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar International Equity Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Common Stocks | $147,177,805 | $603,266,724 | $—* | $750,444,529 |
Preferred Stocks | 556,754 | 3,233,558 | — | 3,790,312 |
Rights | 733 | — | — | 733 |
Short-Term Investments | 27,839,779 | — | — | 27,839,779 |
Total Investments | $175,575,071 | $606,500,282 | $— | $782,075,353 |
*Includes securities determined to have no value as of January 31, 2024. |
19
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Global Income Fund
20
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
21
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
22
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
23
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
24
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
25
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
26
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
27
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
28
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
29
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
30
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
31
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
32
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
33
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
34
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
35
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
36
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
37
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
38
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
Percentages shown are based on Net Assets. |
All securities are United States companies, unless noted otherwise in parentheses. | |||
(a) | Par value is in USD unless otherwise indicated. |
39
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(c) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. | ||
(d) | Amount rounds to less than 0.05%. | ||
(e) | Security sold outside United States without registration under the Securities Act of 1933. | ||
(f) | Investment is valued using significant unobservable inputs (Level 3). | ||
(g) | Zero coupon bond. | ||
(h) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $3,705,468. | ||
(i) | Issuer has defaulted on terms of debt obligation. Income is not being accrued. | ||
(j) | Perpetual bond. Maturity date represents next call date. | ||
(k) | Variable rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate as of January 31, 2024 is disclosed. | ||
(l) | Distributions from this security are made via payments in-kind (PIK) unless otherwise noted in the description. | ||
(m) | When-Issued Security. Coupon rate was not yet in effect at January 31, 2024. | ||
(n) | Restricted security that has been deemed illiquid. At January 31, 2024, the value of these restricted illiquid securities amounted to $469,147 or 0.24% of net assets. Additional information on these restricted illiquid securities is as follows: |
Security | Acquisition Date | Acquisition Cost | |
SilverBow Resources, Inc., 13.13%, 12/15/28 | 11/21/23 | $470,400 |
(o) | Step coupon bond. Rate as of January 31, 2024 is disclosed. |
(p) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate as of January 31, 2024 is disclosed. |
(q) | Unfunded loan commitment. As of January 31, 2024, total value of unfunded loan commitment is $109,214. |
(r) | Position is unsettled. Contract rate was not determined at January 31, 2024 and does not take effect until settlement date. |
(s) | 7-day current yield as of January 31, 2024 is disclosed. |
(t) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $3,204,624 and total non-cash collateral has a value of $595,910. |
(u) | The notional amount is AUD. |
(v) | The notional amount is EUR. |
(w) | Includes appreciation/(depreciation) on forward foreign currency exchange, futures and swap contracts. |
* | Non-Income Producing Security |
Abbreviations: |
1M | 1 Month |
1Y | 1 Year |
3M | 3 Month |
5Y | 5 Year |
6M | 6 Month |
10Y | 10 Year |
30D | 30 Day |
ABS | Asset-Backed Security |
ADR | American Depositary Receipt |
AUD | Australian Dollar |
BANXICO | Banco de Mexico |
BRL | Brazilian Real |
BZDIO | Brazil Interbank Rate |
CAD | Canadian Dollar |
CDO | Collateralized Debt Obligation |
CLO | Collateralized Loan Obligation |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity |
ETF | Exchange-Traded Fund |
EUR | Euro |
40
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
FNMA | Federal National Mortgage Association |
Freddie Mac | Federal Home Loan Mortgage Corporation |
GBP | British Pound |
IDR | Indonesian Rupiah |
INR | Indian Rupee |
JMD | Jamaica Dollar |
JSC | Joint Stock Company |
L.P. | Limited Partnership |
LIBOR | London Interbank Offered Rate |
LLC | Limited Liability Company |
MTN | Medium Term Note |
MXN | Mexican Peso |
NOK | Norwegian Kroner |
PJSC | Public Joint Stock Company |
PLC | Public Limited Company |
REMIC | Real Estate Mortgage Investment Conduit |
SOFR | United States Secured Overnight Financing Rate |
SONIA | Sterling Overnight Index Average |
STACR | Structured Agency Credit Risk |
TIIE | Tasa de Interés Interbancaria de Equilibrio |
USD | United States Dollar |
UYU | Uruguay Peso |
Futures Contracts outstanding at January 31, 2024: Exchange Traded | |||||
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | |||||
Euro-Bund | 20 | 3/07/2024 | EUR | 2,936,262 | $44,752 |
10-Year Australian Treasury Bond | 8 | 3/15/2024 | AUD | 609,484 | 16,328 |
10-Year U.S. Treasury Note | 50 | 3/19/2024 | USD | 5,616,406 | 164,267 |
U.S. Treasury Long Bond | 35 | 3/19/2024 | USD | 4,282,031 | 239,055 |
Ultra U.S. Treasury Bond | 31 | 3/19/2024 | USD | 4,005,781 | 239,431 |
3-Month SONIA | 12 | 3/20/2024 | GBP | 3,603,631 | 34,978 |
Long Gilt | 8 | 3/26/2024 | GBP | 1,013,536 | 44,881 |
2-Year U.S. Treasury Note | 67 | 3/28/2024 | USD | 13,778,969 | 124,656 |
5-Year U.S. Treasury Note | 83 | 3/28/2024 | USD | 8,996,422 | 161,936 |
41
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
Futures Contracts outstanding at January 31, 2024: Exchange Traded (continued) | |||||
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
3-Month SONIA | 13 | 9/18/2024 | GBP | 3,923,910 | $36,182 |
CME 3-Month SOFR | 17 | 3/18/2025 | USD | 4,087,438 | (19,037) |
Total Long Contracts | $1,087,429 | ||||
Short Contracts | |||||
CME 3-Month SOFR | (28) | 3/19/2024 | USD | 6,625,150 | $36,250 |
CME 3-Month SOFR | (7) | 6/18/2024 | USD | 1,661,013 | (5,962) |
Total Short Contracts | $30,288 | ||||
$1,117,717 |
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
4/19/24 | U.S. Dollars | 537,148 | Indonesian Rupiahs | 8,315,058,087 | JPMorgan Chase | $10,780 |
4/19/24 | U.S. Dollars | 658,985 | Euro | 598,000 | Citibank | 10,547 |
4/19/24 | U.S. Dollars | 424,840 | Mexican Pesos | 7,296,835 | Morgan Stanley | 6,394 |
4/19/24 | U.S. Dollars | 836,650 | British Pounds | 656,165 | Citibank | 4,616 |
4/19/24 | U.S. Dollars | 334,537 | Chinese Offshore Yuan | 2,380,000 | JPMorgan Chase | 1,722 |
4/19/24 | U.S. Dollars | 18,144 | Mexican Pesos | 310,000 | JPMorgan Chase | 367 |
Total Unrealized Appreciation | $34,426 | |||||
4/19/24 | Norwegian Kroner | 1,172 | U.S. Dollars | 114 | BNP Paribas | $(2) |
4/19/24 | Canadian Dollars | 2,946 | U.S. Dollars | 2,201 | Morgan Stanley | (7) |
4/19/24 | Japanese Yen | 4,025,808 | U.S. Dollars | 28,221 | Morgan Stanley | (527) |
4/19/24 | Mexican Pesos | 4,140,432 | U.S. Dollars | 240,933 | JPMorgan Chase | (3,496) |
4/19/24 | Brazilian Reals | 2,340,000 | U.S. Dollars | 473,435 | Morgan Stanley | (4,922) |
4/19/24 | Australian Dollars | 2,318,982 | U.S. Dollars | 1,554,840 | Citibank | (29,619) |
Total Unrealized Depreciation | $(38,573) | |||||
Net Unrealized Depreciation | $(4,147) |
42
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
Written Put Option Contracts outstanding at January 31, 2024: Over the Counter | ||||||||
Description | Counterparty | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||
Brazilian Real vs. U.S. Dollar | Goldman Sachs | 1 | USD | 520,000 | BRL | 4.71 | 2/16/2024 | $(38) |
Total Written OTC Put Options Contracts (Premiums Received $4,376) | $(38) |
Interest Rate Swap Contracts outstanding at January 31, 2024: Centrally Cleared | |||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
28-Day MXN-TIIE-BANXICO (Monthly) | 8.97% (Monthly) | 3/1/2030 | MXN | 27,411,000 | $23,624 | $— | $23,624 |
2.60% (Annually) | 2-Day USD SOFR (Annually) | 2/15/2048 | USD | 168,000 | 30,605 | 19,688 | 10,917 |
3.05% (Annually) | 2-Day USD SOFR (Annually) | 2/15/2048 | USD | 964,000 | 102,044 | 36,751 | 65,293 |
3.15% (Annually) | 2-Day USD SOFR (Annually) | 5/15/2048 | USD | 979,000 | 82,647 | 8 | 82,639 |
Total | $238,920 | $56,447 | $182,473 |
Interest Rate Swap Contracts outstanding at January 31, 2024: Over the Counter | ||||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
1-Day BRL BZDIO (At Maturity) | 10.23% (At Maturity) | JPMorgan Chase | 1/2/2029 | BRL | 4,416,982 | $(3,024) | $— | $(3,024) |
Total | $(3,024) | $— | $(3,024) |
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Global Income Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Asset-Backed Securities | $— | $8,575,841 | $— | $8,575,841 |
Common Stocks | 50,497,476 | 35,737,957 | —* | 86,235,433 |
Convertible Bonds | — | 334,381 | — | 334,381 |
Convertible Preferred Stocks | — | 28,760 | — | 28,760 |
Corporate Bonds | — | 27,014,350 | 469,147 | 27,483,497 |
43
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Income Fund
Morningstar Global Income Fund | Level 1 | Level 2 | Level 3 | Totals |
Foreign Issuer Bonds | $— | $12,731,311 | $— | $12,731,311 |
Master Limited Partnerships | 6,737,960 | — | — | 6,737,960 |
Mortgage-Backed Securities | — | 11,736,170 | — | 11,736,170 |
Term Loans | — | 15,675,849 | — | 15,675,849 |
Investment Companies | 16,975,687 | — | — | 16,975,687 |
Short-Term Investments | 7,692,039 | 1,981,920 | — | 9,673,959 |
Purchased Options | — | 8,825 | — | 8,825 |
Total Investments | $81,903,162 | $113,825,364 | $469,147 | $196,197,673 |
*Includes securities determined to have no value as of January 31, 2024. |
Morningstar Global Income Fund | Level 1 | Level 2 | Level 3 | Totals |
Derivative Financial Instruments | ||||
Assets: | ||||
Futures Contracts | $1,142,716 | $— | $— | $1,142,716 |
Forward Foreign Currency Exchange Contracts | — | 34,426 | — | 34,426 |
Swap Agreements | — | 238,920 | — | 238,920 |
Total Assets - Derivative Financial Instruments | $1,142,716 | $273,346 | $— | $1,416,062 |
Liabilities: | ||||
Futures Contracts | $(24,999) | $— | $— | $(24,999) |
Forward Foreign Currency Exchange Contracts | — | (38,573) | — | (38,573) |
Written Options | — | (38) | — | (38) |
Swap Agreements | — | (3,024) | — | (3,024) |
Total Liabilities - Derivative Financial Instruments | $(24,999) | $(41,635) | $— | $(66,634) |
Net Derivative Financial Instruments | $1,117,717 | $231,711 | $— | $1,349,428 |
44
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Total Return Bond Fund
45
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
46
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
47
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
48
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
49
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
50
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
51
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
52
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
53
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
54
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
55
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
56
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
57
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
58
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
59
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
60
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
61
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
62
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
63
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
64
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
65
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
66
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
67
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
68
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
69
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
70
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
71
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
72
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
73
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
74
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
75
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
76
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
77
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
78
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
79
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
80
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
(a) | Par value is in USD unless otherwise indicated. |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. |
(d) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate as of January 31, 2024 is disclosed. |
(e) | Step coupon bond. Rate as of January 31, 2024 is disclosed. |
(f) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $26,656,462. |
(g) | Amount rounds to less than 0.05%. |
(h) | Variable rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate as of January 31, 2024 is disclosed. |
(i) | Investment is valued using significant unobservable inputs (Level 3). |
(j) | Century bond maturing in 2120. |
(k) | These securities are remarketed by an agent, and the interest rate is determined by general market conditions and supply and demand. |
(l) | Perpetual bond. Maturity date represents next call date. |
(m) | When-Issued Security. Coupon rate was not yet in effect at January 31, 2024. |
(n) | All or a portion of the security was held as collateral for open futures, options, securities sold short and/or swap agreements. |
(o) | Century bond maturing in 2112. |
(p) | Unfunded loan commitment. As of January 31, 2024, total value of unfunded loan commitment is $99. |
(q) | Position is unsettled. Contract rate was not determined at January 31, 2024 and does not take effect until settlement date. |
(r) | Zero coupon bond. |
(s) | 7-day current yield as of January 31, 2024 is disclosed. |
(t) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $15,233,802 and total non-cash collateral has a value of $11,946,695. |
(u) | Discount rate at the time of purchase. |
(v) | The notional amount is EUR. |
(w) | Securities sold short are not owned by the Fund. |
(x) | Includes appreciation/(depreciation) on forward foreign currency exchange, futures, swap and written options contracts. |
Abbreviations: |
1M | 1 Month |
1Y | 1 Year |
3M | 3 Month |
5Y | 5 Year |
6M | 6 Month |
12MTA | 12 Month Treasury Average |
30D | 30 Day |
AUD | Australian Dollar |
BANXICO | Banco de Mexico |
BATS | Better Alternative Trading System |
BRL | Brazilian Real |
BTP | Buoni del Tesoro Poliennali |
BZDIO | Brazil Interbank Rate |
CAD | Canadian Dollar |
CDO | Collateralized Debt Obligation |
CDX | Credit Default Swap Index |
CLICP | Sinacofi Chile Interbank Rate |
CLO | Collateralized Loan Obligation |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity |
CNH | Chinese Yuan Renminbi |
COOVI | Columbian Overnight Index Average |
COP | Colombian Peso |
CZK | Czech Republic Koruna |
81
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
ESTR | Euro Short Term Rate |
ETF | Exchange-Traded Fund |
EUR | Euro |
EURIBOR | Euro Interbank Offered Rate |
FNMA | Federal National Mortgage Association |
Freddie Mac | Federal Home Loan Mortgage Corporation |
GBP | British Pound |
GO | Government Obligation |
IBA | ICE Benchmark Administration |
ICE | Intercontinental Exchange |
IDR | Indonesian Rupiah |
IO | Interest Only |
JSC | Joint Stock Company |
KRW | South Korean Won |
KSDA | Korea Securities Dealers Association |
L.P. | Limited Partnership |
LIBOR | London Interbank Offered Rate |
LLC | Limited Liability Company |
MSCI | Morgan Stanley Capital International |
MTA | Metropolitan Transportation Authority |
MXN | Mexican Peso |
PLC | Public Limited Company |
PLN | Polish Zloty |
PRBOR | Prague Interbank Offered Rate |
REIT | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
RUB | Russian Ruble |
SOFR | United States Secured Overnight Financing Rate |
SONIA | Sterling Overnight Index Average |
STACR | Structured Agency Credit Risk |
Strip | Separate Trading of Registered Interest and Principal |
TIIE | Tasa de Interés Interbancaria de Equilibrio |
TRB | Tax Revenue Bonds |
USD | United States Dollar |
WIBOR | Warsaw Interbank Offered Rate |
ZAR | South African Rand |
82
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Futures Contracts outstanding at January 31, 2024: Exchange Traded | |||||
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | |||||
Euro-BTP Italian Government Bond | 5 | 3/07/2024 | EUR | 642,908 | $(29) |
10-Year Australian Treasury Bond | 4 | 3/15/2024 | AUD | 304,742 | 7,354 |
U.S. Treasury Long Bond | 120 | 3/19/2024 | USD | 14,681,249 | 160,095 |
Ultra U.S. Treasury Bond | 177 | 3/19/2024 | USD | 22,871,719 | 828,955 |
5-Year U.S. Treasury Note | 627 | 3/28/2024 | USD | 67,960,922 | 393,433 |
CME 3-Month SOFR | 112 | 3/18/2025 | USD | 26,929,000 | 120,250 |
3-Month SONIA | 1 | 3/19/2025 | GBP | 304,184 | (396) |
3-Month Euro-Euribor | 6 | 12/15/2025 | EUR | 1,588,062 | 632 |
CME 3-Month SOFR | 240 | 3/17/2026 | USD | 58,080,000 | 399,963 |
Total Long Contracts | $1,910,257 | ||||
Short Contracts | |||||
30-Year Euro Buxl | (3) | 3/07/2024 | EUR | 445,983 | $(6,733) |
Euro-Bund | (25) | 3/07/2024 | EUR | 3,670,328 | (23,472) |
Euro-Bobl | (7) | 3/11/2024 | EUR | 896,668 | (443) |
10-Year Canadian Government Bond | (19) | 3/19/2024 | CAD | 1,719,461 | (48,849) |
10-Year U.S. Treasury Note | (56) | 3/19/2024 | USD | 6,290,375 | (35,517) |
CME 3-Month SOFR | (136) | 3/19/2024 | USD | 32,179,300 | 33,501 |
Ultra 10-Year U.S. Treasury Note | (51) | 3/19/2024 | USD | 5,960,625 | (195,102) |
2-Year U.S. Treasury Note | (105) | 3/28/2024 | USD | 21,593,906 | (19,718) |
CME 3-Month SOFR | (30) | 6/18/2024 | USD | 7,118,625 | (21,904) |
CME 3-Month SOFR | (1) | 9/17/2024 | USD | 238,475 | (1,063) |
Total Short Contracts | $(319,300) | ||||
$1,590,957 |
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/21/24 | U.S. Dollars | 599,692 | Japanese Yen | 85,000,000 | Morgan Stanley | $17,566 |
3/20/24 | U.S. Dollars | 1,091,871 | Euro | 995,000 | Morgan Stanley | 14,327 |
3/20/24 | U.S. Dollars | 904,182 | Euro | 822,000 | State Street | 13,991 |
3/21/24 | Euro | 274,698 | Japanese Yen | 42,000,000 | Bank of America | 9,861 |
3/20/24 | U.S. Dollars | 925,627 | Euro | 847,000 | RBS | 8,360 |
3/20/24 | U.S. Dollars | 546,045 | Euro | 497,000 | BNY Mellon | 7,815 |
3/21/24 | U.S. Dollars | 300,819 | Japanese Yen | 43,000,000 | Goldman Sachs | 6,332 |
3/21/24 | Euro | 277,720 | Japanese Yen | 43,000,000 | UBS | 6,285 |
83
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/21/24 | Euro | 169,948 | Japanese Yen | 26,000,000 | Deutsche Bank | $5,992 |
2/22/24 | U.S. Dollars | 703,185 | Mexican Pesos | 12,046,476 | Goldman Sachs | 5,914 |
8/15/24 | Colombian Pesos | 329,926,000 | U.S. Dollars | 76,319 | Morgan Stanley | 5,431 |
3/20/24 | U.S. Dollars | 895,104 | Euro | 822,000 | Toronto-Dominion Bank | 4,911 |
8/15/24 | Colombian Pesos | 234,306,720 | U.S. Dollars | 54,186 | BNP Paribas | 3,871 |
10/23/24 | Colombian Pesos | 728,359,000 | U.S. Dollars | 175,092 | BNP Paribas | 3,553 |
3/20/24 | British Pounds | 241,884 | Euro | 280,000 | Morgan Stanley | 3,430 |
3/20/24 | U.S. Dollars | 349,168 | Euro | 320,000 | Barclays | 2,622 |
4/19/24 | U.S. Dollars | 194,567 | Indonesian Rupiahs | 3,032,514,930 | Bank of America | 2,599 |
3/21/24 | U.S. Dollars | 152,848 | Japanese Yen | 22,000,000 | Toronto-Dominion Bank | 2,180 |
3/21/24 | U.S. Dollars | 77,053 | Japanese Yen | 11,000,000 | Deutsche Bank | 1,719 |
3/04/24 | U.S. Dollars | 89,614 | Czech Republic Koruna | 2,028,081 | Toronto-Dominion Bank | 1,423 |
3/21/24 | Japanese Yen | 46,000,000 | Euro | 289,616 | UBS | 1,378 |
2/22/24 | Colombian Pesos | 298,408,000 | U.S. Dollars | 75,000 | Citibank | 1,315 |
3/20/24 | U.S. Dollars | 393,296 | Euro | 362,000 | UBS | 1,265 |
2/02/24 | U.S. Dollars | 93,075 | Euro | 85,000 | BNP Paribas | 1,216 |
2/22/24 | U.S. Dollars | 161,044 | Polish Zloty | 640,167 | Citibank | 1,209 |
8/15/24 | Colombian Pesos | 91,119,280 | U.S. Dollars | 21,393 | Barclays | 1,185 |
3/04/24 | U.S. Dollars | 66,710 | Czech Republic Koruna | 1,507,339 | Bank of America | 1,164 |
3/20/24 | U.S. Dollars | 152,701 | Euro | 140,000 | Deutsche Bank | 1,087 |
2/02/24 | U.S. Dollars | 102,000 | Brazilian Reals | 500,973 | Morgan Stanley | 883 |
3/04/24 | U.S. Dollars | 96,276 | Czech Republic Koruna | 2,196,159 | HSBC | 777 |
2/22/24 | U.S. Dollars | 61,000 | Taiwan Dollars | 1,880,362 | Citibank | 744 |
2/22/24 | Colombian Pesos | 141,274,000 | British Pounds | 28,000 | Morgan Stanley | 638 |
4/22/24 | U.S. Dollars | 118,828 | Euro | 109,000 | Deutsche Bank | 619 |
2/22/24 | U.S. Dollars | 32,000 | Czech Republic Koruna | 721,974 | Barclays | 598 |
3/20/24 | U.S. Dollars | 76,400 | Euro | 70,000 | BNP Paribas | 593 |
2/22/24 | Japanese Yen | 6,907,803 | Euro | 43,000 | Barclays | 588 |
3/20/24 | U.S. Dollars | 184,687 | Euro | 170,000 | JPMorgan Chase | 584 |
3/04/24 | Czech Republic Koruna | 727,964 | U.S. Dollars | 31,074 | HSBC | 581 |
2/22/24 | U.S. Dollars | 43,850 | Euro | 40,000 | Morgan Stanley | 581 |
2/22/24 | U.S. Dollars | 92,418 | Euro | 85,000 | RBS | 471 |
2/22/24 | U.S. Dollars | 19,000 | Hungarian Forints | 6,615,245 | Citibank | 417 |
2/22/24 | South African Rand | 615,857 | Euro | 30,000 | State Street | 380 |
3/20/24 | U.S. Dollars | 68,810 | Canadian Dollars | 92,000 | Morgan Stanley | 337 |
2/22/24 | U.S. Dollars | 56,777 | Australian Dollars | 86,000 | Barclays | 314 |
84
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
2/02/24 | U.S. Dollars | 32,000 | Brazilian Reals | 157,104 | Citibank | $290 |
2/22/24 | Mexican Pesos | 643,877 | U.S. Dollars | 37,000 | Morgan Stanley | 268 |
3/20/24 | Colombian Pesos | 53,331,236 | U.S. Dollars | 13,307 | Barclays | 267 |
1/27/25 | U.S. Dollars | 91,000 | Chinese Offshore Yuan | 637,637 | Morgan Stanley | 267 |
2/22/24 | Hungarian Forints | 10,097,880 | Euro | 26,000 | UBS | 241 |
2/02/24 | U.S. Dollars | 19,000 | Brazilian Reals | 93,399 | BNP Paribas | 148 |
2/22/24 | U.S. Dollars | 27,977 | South African Rand | 522,051 | BNP Paribas | 146 |
2/22/24 | Japanese Yen | 4,127,567 | U.S. Dollars | 28,000 | BNP Paribas | 144 |
3/04/24 | U.S. Dollars | 16,000 | Brazilian Reals | 78,787 | Morgan Stanley | 143 |
2/22/24 | Australian Dollars | 43,047 | Euro | 26,000 | Goldman Sachs | 137 |
2/22/24 | Mexican Pesos | 330,258 | U.S. Dollars | 19,000 | Barclays | 116 |
2/22/24 | Australian Dollars | 43,000 | U.S. Dollars | 28,116 | Barclays | 115 |
2/22/24 | U.S. Dollars | 54,000 | Chinese Offshore Yuan | 386,914 | Barclays | 110 |
3/20/24 | Euro | 360,000 | U.S. Dollars | 389,756 | Morgan Stanley | 109 |
3/20/24 | Euro | 140,000 | U.S. Dollars | 151,510 | Barclays | 104 |
3/20/24 | Colombian Pesos | 102,903,288 | U.S. Dollars | 26,104 | Citibank | 86 |
2/22/24 | U.S. Dollars | 27,966 | British Pounds | 22,000 | Deutsche Bank | 80 |
2/22/24 | U.S. Dollars | 27,115 | Euro | 25,000 | JPMorgan Chase | 72 |
2/22/24 | British Pounds | 37,000 | U.S. Dollars | 46,840 | BNP Paribas | 59 |
2/22/24 | Japanese Yen | 1,317,611 | Canadian Dollars | 12,000 | Barclays | 56 |
3/14/24 | U.S. Dollars | 6,903 | Euro | 6,351 | BNY Mellon | 28 |
2/22/24 | South African Rand | 628,826 | U.S. Dollars | 33,500 | State Street | 23 |
2/22/24 | U.S. Dollars | 19,036 | British Pounds | 15,000 | BNP Paribas | 23 |
2/22/24 | Indian Rupees | 4,158,450 | U.S. Dollars | 50,000 | Deutsche Bank | 22 |
2/22/24 | Chilean Pesos | 8,386,560 | U.S. Dollars | 9,000 | Citibank | 3 |
Total Unrealized Appreciation | $150,163 | |||||
2/22/24 | U.S. Dollars | 6,500 | South African Rand | 122,044 | Deutsche Bank | $(6) |
3/20/24 | Euro | 100,000 | U.S. Dollars | 108,310 | Toronto-Dominion Bank | (14) |
2/22/24 | Canadian Dollars | 12,000 | Japanese Yen | 1,311,772 | UBS | (16) |
2/22/24 | Canadian Dollars | 49,697 | U.S. Dollars | 37,000 | HSBC | (25) |
2/22/24 | U.S. Dollars | 37,000 | Canadian Dollars | 49,766 | Barclays | (26) |
2/22/24 | U.S. Dollars | 9,000 | Chilean Pesos | 8,423,913 | BNP Paribas | (43) |
2/22/24 | U.S. Dollars | 28,000 | Japanese Yen | 4,113,058 | Barclays | (45) |
2/22/24 | U.S. Dollars | 37,000 | Japanese Yen | 5,433,542 | BNP Paribas | (49) |
2/22/24 | Mexican Pesos | 327,171 | U.S. Dollars | 19,000 | Barclays | (63) |
2/22/24 | Euro | 34,000 | Mexican Pesos | 636,617 | Toronto-Dominion Bank | (70) |
2/02/24 | U.S. Dollars | 19,000 | Brazilian Reals | 94,535 | Citibank | (81) |
85
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
2/22/24 | U.S. Dollars | 28,000 | Chilean Pesos | 26,173,000 | Morgan Stanley | $(97) |
3/04/24 | Brazilian Reals | 138,600 | U.S. Dollars | 28,000 | Citibank | (104) |
2/22/24 | Mexican Pesos | 481,629 | U.S. Dollars | 28,000 | Citibank | (122) |
2/22/24 | British Pounds | 34,000 | U.S. Dollars | 43,220 | RBS | (124) |
2/02/24 | Brazilian Reals | 187,627 | U.S. Dollars | 38,000 | BNP Paribas | (129) |
2/22/24 | Mexican Pesos | 325,975 | U.S. Dollars | 19,000 | BNP Paribas | (132) |
2/22/24 | U.S. Dollars | 56,000 | Mexican Pesos | 970,004 | Goldman Sachs | (146) |
2/22/24 | Norwegian Kroner | 487,370 | Euro | 43,000 | State Street | (148) |
2/22/24 | Hungarian Forints | 6,707,262 | U.S. Dollars | 19,000 | Goldman Sachs | (159) |
2/02/24 | Brazilian Reals | 137,886 | U.S. Dollars | 28,000 | Citibank | (169) |
2/22/24 | U.S. Dollars | 28,000 | South Korean Won | 37,592,800 | Citibank | (204) |
1/27/25 | Chinese Yuan Renminbi | 636,090 | U.S. Dollars | 91,000 | Morgan Stanley | (205) |
2/22/24 | Chilean Pesos | 17,505,650 | U.S. Dollars | 19,000 | Citibank | (208) |
3/20/24 | Euro | 140,000 | U.S. Dollars | 151,837 | UBS | (223) |
2/06/24 | U.S. Dollars | 21,601 | Euro | 20,216 | Toronto-Dominion Bank | (253) |
2/22/24 | Hungarian Forints | 11,458,226 | Euro | 30,000 | BNP Paribas | (264) |
3/20/24 | Euro | 210,000 | U.S. Dollars | 227,693 | JPMorgan Chase | (272) |
2/06/24 | Euro | 20,216 | U.S. Dollars | 22,128 | Nomura | (274) |
2/22/24 | Euro | 43,000 | Japanese Yen | 6,869,103 | UBS | (324) |
2/22/24 | Hungarian Forints | 6,647,464 | U.S. Dollars | 19,000 | Bank of America | (327) |
3/20/24 | Euro | 100,000 | U.S. Dollars | 108,678 | Barclays | (382) |
2/22/24 | Chilean Pesos | 18,264,489 | U.S. Dollars | 20,000 | Goldman Sachs | (393) |
2/22/24 | Polish Zloty | 254,715 | U.S. Dollars | 64,000 | Goldman Sachs | (403) |
2/22/24 | Euro | 60,000 | Polish Zloty | 261,580 | HSBC | (408) |
2/22/24 | Polish Zloty | 254,611 | U.S. Dollars | 64,000 | Morgan Stanley | (429) |
12/04/24 | Turkish Lira | 645,344 | U.S. Dollars | 16,118 | Barclays | (469) |
2/22/24 | U.S. Dollars | 19,000 | South African Rand | 365,601 | UBS | (491) |
3/20/24 | U.S. Dollars | 151,118 | Euro | 140,000 | HSBC | (496) |
2/22/24 | Japanese Yen | 5,352,939 | U.S. Dollars | 37,000 | Barclays | (500) |
3/20/24 | U.S. Dollars | 151,033 | Euro | 140,000 | RBS | (581) |
2/22/24 | Chilean Pesos | 24,602,940 | U.S. Dollars | 27,000 | Morgan Stanley | (589) |
2/22/24 | South Korean Won | 64,456,560 | U.S. Dollars | 49,000 | JPMorgan Chase | (642) |
2/22/24 | Hungarian Forints | 11,501,612 | U.S. Dollars | 33,000 | Barclays | (691) |
2/22/24 | U.S. Dollars | 61,000 | Colombian Pesos | 241,529,500 | Toronto-Dominion Bank | (769) |
2/22/24 | Euro | 68,000 | British Pounds | 58,642 | HSBC | (773) |
2/22/24 | Thai Baht | 3,372,240 | U.S. Dollars | 96,000 | Barclays | (780) |
2/22/24 | U.S. Dollars | 47,000 | Colombian Pesos | 186,899,000 | Citibank | (798) |
2/22/24 | U.S. Dollars | 47,000 | Colombian Pesos | 187,201,000 | Standard Chartered Bank | (875) |
86
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
2/22/24 | Japanese Yen | 12,482,900 | U.S. Dollars | 86,000 | Toronto-Dominion Bank | $(884) |
2/22/24 | Australian Dollars | 123,000 | U.S. Dollars | 81,639 | UBS | (885) |
3/04/24 | Brazilian Reals | 502,268 | U.S. Dollars | 102,000 | Morgan Stanley | (909) |
3/20/24 | U.S. Dollars | 89,378 | Colombian Pesos | 354,981,249 | Barclays | (969) |
2/22/24 | Malaysian Ringgit | 315,744 | U.S. Dollars | 68,000 | Barclays | (1,022) |
2/22/24 | Mexican Pesos | 1,606,326 | U.S. Dollars | 94,000 | State Street | (1,023) |
2/22/24 | Indonesian Rupiahs | 1,463,862,000 | U.S. Dollars | 94,000 | Citibank | (1,234) |
2/02/24 | Brazilian Reals | 518,932 | U.S. Dollars | 106,000 | Morgan Stanley | (1,259) |
3/20/24 | U.S. Dollars | 34,400 | Colombian Pesos | 140,564,943 | JPMorgan Chase | (1,376) |
3/20/24 | Indonesian Rupiahs | 1,715,949,628 | U.S. Dollars | 110,250 | Citibank | (1,552) |
2/05/24 | U.S. Dollars | 134,532 | South African Rand | 2,549,322 | Toronto-Dominion Bank | (1,573) |
3/20/24 | Euro | 210,000 | U.S. Dollars | 229,548 | Standard Chartered Bank | (2,127) |
12/04/24 | Turkish Lira | 1,498,656 | U.S. Dollars | 38,542 | Goldman Sachs | (2,202) |
3/21/24 | Japanese Yen | 21,000,000 | U.S. Dollars | 146,266 | HSBC | (2,447) |
3/20/24 | Euro | 280,000 | British Pounds | 241,422 | BNP Paribas | (2,844) |
3/20/24 | U.S. Dollars | 181,704 | Colombian Pesos | 728,359,000 | BNP Paribas | (3,675) |
3/21/24 | Japanese Yen | 25,000,000 | Euro | 162,651 | Goldman Sachs | (4,938) |
3/21/24 | Japanese Yen | 33,000,000 | U.S. Dollars | 231,250 | Goldman Sachs | (5,248) |
3/20/24 | Euro | 570,000 | U.S. Dollars | 622,719 | Morgan Stanley | (5,433) |
3/20/24 | U.S. Dollars | 175,037 | Colombian Pesos | 713,799,775 | Goldman Sachs | (6,636) |
3/20/24 | U.S. Dollars | 174,940 | Colombian Pesos | 713,799,776 | Toronto-Dominion Bank | (6,733) |
3/21/24 | Japanese Yen | 42,000,000 | U.S. Dollars | 294,818 | Barclays | (7,179) |
3/21/24 | Japanese Yen | 65,000,000 | U.S. Dollars | 461,748 | Deutsche Bank | (16,592) |
3/21/24 | Japanese Yen | 86,000,000 | Euro | 559,508 | Barclays | (16,975) |
Total Unrealized Depreciation | $(110,506) | |||||
Net Unrealized Appreciation | $39,657 |
Written Call Option Contracts outstanding at January 31, 2024: Exchange Traded | ||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |
10-Year U.S. Treasury Note Future | 2 | USD | 411,313 | 104.50 | 2/23/2024 | $(31) |
10-Year U.S. Treasury Note Future | 4 | USD | 822,625 | 103.25 | 2/23/2024 | (813) |
10-Year U.S. Treasury Note Future | 9 | USD | 1,010,953 | 116.50 | 2/23/2024 | (281) |
10-Year U.S. Treasury Note Future | 27 | USD | 3,032,859 | 113.25 | 2/23/2024 | (10,125) |
10-Year U.S. Treasury Note Future | 38 | USD | 4,268,469 | 112.75 | 2/23/2024 | (20,188) |
10-Year U.S. Treasury Note Future | 58 | USD | 6,515,031 | 116.00 | 2/23/2024 | (2,719) |
87
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Written Call Option Contracts outstanding at January 31, 2024: Exchange Traded (continued) | ||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |
3-Month SOFR 1-Year Mid Curve Future | 167 | USD | 39,627,012 | 96.50 | 3/15/2024 | $(79,325) |
3-Month SOFR Future | 73 | USD | 17,551,937 | 97.13 | 12/13/2024 | (33,762) |
5-Year U.S. Treasury Note Future | 28 | USD | 3,034,937 | 109.25 | 2/23/2024 | (6,563) |
5-Year U.S. Treasury Note Future | 45 | USD | 4,877,577 | 109.00 | 2/23/2024 | (13,711) |
5-Year U.S. Treasury Note Future | 51 | USD | 5,527,921 | 109.50 | 2/23/2024 | (9,562) |
U.S. Treasury Long Bond Future | 12 | USD | 1,468,126 | 122.00 | 2/23/2024 | (19,313) |
Total Written Call Options Contracts (Premiums Received $205,199) | $(196,393) |
Written Put Option Contracts outstanding at January 31, 2024: Exchange Traded | ||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |
10-Year U.S. Treasury Note Future | 27 | USD | 3,032,859 | 111.00 | 2/2/2024 | $(422) |
10-Year U.S. Treasury Note Future | 442 | USD | 49,649,031 | 110.00 | 2/2/2024 | (442) |
3-Month SOFR 1-Year Mid Curve Future | 57 | USD | 13,704,938 | 96.25 | 12/13/2024 | (34,556) |
3-Month SOFR Future | 135 | USD | 32,194,125 | 94.88 | 5/10/2024 | (5,906) |
3-Month SOFR Future | 135 | USD | 32,194,125 | 95.06 | 5/10/2024 | (16,031) |
3-Month SOFR Future | 73 | USD | 17,551,938 | 95.50 | 12/13/2024 | (27,832) |
Total Written Put Options Contracts (Premiums Received $161,856) | $(85,189) |
Written Call Option Contracts outstanding at January 31, 2024: Over the Counter | ||||||||
Description | Counterparty | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||
Chinese Yuan vs. U.S. Dollar | Standard Chartered Bank | 1 | USD | 139,000 | CNH | 7.26 | 4/5/2024 | $(360) |
South Korean Won vs. U.S. Dollar | Goldman Sachs | 1 | USD | 47,000 | KRW | 1,330.00 | 2/22/2024 | (460) |
Total Written OTC Call Options Contracts (Premiums Received $653) | $(820) |
Written Call Interest Rate Swaption Contracts outstanding at January 31, 2024: Over the Counter | |||||||
Description | Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Expiration Date | Exercise Rate | Notional Amount | Value |
Interest Rate Swap Maturing 10/22/2035 | 4.48% (Semi-Annually) | 1-Day USD SOFR (Annually) | JPMorgan Chase | 10/20/2025 | 4.48% | 254,486 | $(23,893) |
Interest Rate Swap Maturing 11/18/2029 | 3.90% (Semi-Annually) | 1-Day USD SOFR (Annually) | Deutsche Bank | 11/14/2024 | 3.90 | 4,599,034 | (144,803) |
88
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Written Call Interest Rate Swaption Contracts outstanding at January 31, 2024: Over the Counter (continued) | |||||||
Description | Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Expiration Date | Exercise Rate | Notional Amount | Value |
Interest Rate Swap Maturing 11/19/2035 | 3.96% (Semi-Annually) | 1-Day USD SOFR (Annually) | Deutsche Bank | 11/17/2025 | 3.96% | 162,744 | $(10,393) |
Interest Rate Swap Maturing 11/19/2035 | 4.00% (Semi-Annually) | 1-Day USD SOFR (Annually) | Bank of America | 11/17/2025 | 4.00 | 465,776 | (30,832) |
Interest Rate Swap Maturing 11/24/2035 | 3.97% (Semi-Annually) | 1-Day USD SOFR (Annually) | Citibank | 11/20/2025 | 3.97 | 392,500 | (25,263) |
Interest Rate Swap Maturing 12/02/2035 | 3.84% (Semi-Annually) | 1-Day USD SOFR (Annually) | Bank of America | 11/28/2025 | 3.84 | 333,455 | (19,351) |
Interest Rate Swap Maturing 12/02/2035 | 3.96% (Semi-Annually) | 1-Day USD SOFR (Annually) | Citibank | 11/28/2025 | 3.96 | 310,954 | (19,897) |
Interest Rate Swap Maturing 12/15/2035 | 3.71% (Annually) | 1-Day USD SOFR (Annually) | Bank of America | 12/11/2025 | 3.71 | 54,399 | (2,897) |
Interest Rate Swap Maturing 12/17/2035 | 3.40% (Annually) | 1-Day USD SOFR (Annually) | Morgan Stanley | 12/15/2025 | 3.40 | 125,736 | (5,000) |
Interest Rate Swap Maturing 3/18/2029 | 3.96% (Semi-Annually) | 1-Day USD SOFR (Annually) | Barclays | 3/14/2024 | 3.96 | 350,500 | (123,615) |
Interest Rate Swap Maturing 6/14/2029 | 3.75% (Annually) | 1-Day USD SOFR (Annually) | Citibank | 6/12/2024 | 3.75 | 16,876,250 | (329,338) |
Total Written OTC Call Swaptions Contracts (Premiums Received $563,819) | $(735,282) |
Written Put Interest Rate Swaption Contracts outstanding at January 31, 2024: Over the Counter | ||||||||
Description | Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Expiration Date | Exercise Rate | Notional Amount | Value | |
Interest Rate Swap Maturing 10/22/2035 | 1-Day USD SOFR (Annually) | 4.48% (Semi-Annually) | JPMorgan Chase | 10/20/2025 | 4.48% | USD | 254,486 | $(4,497) |
Interest Rate Swap Maturing 11/18/2029 | 1-Day USD SOFR (Annually) | 3.90% (Semi-Annually) | Deutsche Bank | 11/14/2024 | 3.90 | USD | 4,599,034 | (40,786) |
Interest Rate Swap Maturing 11/19/2035 | 1-Day USD SOFR (Annually) | 3.96% (Semi-Annually) | Deutsche Bank | 11/17/2025 | 3.96 | USD | 162,744 | (4,745) |
Interest Rate Swap Maturing 11/19/2035 | 1-Day USD SOFR (Annually) | 4.00% (Semi-Annually) | Bank of America | 11/17/2025 | 4.00 | USD | 465,776 | (13,071) |
Interest Rate Swap Maturing 11/24/2035 | 1-Day USD SOFR (Annually) | 3.97% (Semi-Annually) | Citibank | 11/20/2025 | 3.97 | USD | 392,500 | (11,398) |
Interest Rate Swap Maturing 12/02/2035 | 1-Day USD SOFR (Annually) | 3.96% (Semi-Annually) | Citibank | 11/28/2025 | 3.96 | USD | 310,954 | (9,171) |
Interest Rate Swap Maturing 12/02/2035 | 1-Day USD SOFR (Annually) | 3.84% (Semi-Annually) | Bank of America | 11/28/2025 | 3.84 | USD | 333,455 | (10,871) |
89
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Written Put Interest Rate Swaption Contracts outstanding at January 31, 2024: Over the Counter (continued) | ||||||||
Description | Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Expiration Date | Exercise Rate | Notional Amount | Value | |
Interest Rate Swap Maturing 12/15/2035 | 1-Day USD SOFR (Annually) | 3.71% (Annually) | Bank of America | 12/11/2025 | 3.71% | USD | 54,399 | $(1,978) |
Interest Rate Swap Maturing 12/17/2035 | 1-Day USD SOFR (Annually) | 3.40% (Annually) | Morgan Stanley | 12/15/2025 | 3.40 | USD | 125,736 | (5,924) |
Interest Rate Swap Maturing 3/14/2034 | 6M EUR EURIBOR (Semi-Annually) | 3.23% (Annually) | JPMorgan Chase | 3/12/2024 | 3.23 | EUR | 5,473,000 | (1,864) |
Interest Rate Swap Maturing 3/18/2029 | 1-Day USD SOFR (Annually) | 3.96% (Semi-Annually) | Barclays | 3/14/2024 | 3.96 | USD | 6,750,500 | (11,365) |
Interest Rate Swap Maturing 5/02/2029 | 6M EUR EURIBOR (Semi-Annually) | 2.85% (Annually) | JPMorgan Chase | 4/29/2024 | 2.85 | EUR | 260,000 | (641) |
Interest Rate Swap Maturing 6/14/2029 | 1-Day USD SOFR (Annually) | 3.75% (Annually) | Citibank | 6/12/2024 | 3.75 | USD | 16,876,250 | (120,177) |
Total Written OTC Put Swaptions Contracts (Premiums Received $573,300) | $(236,488) |
Interest Rate Swap Contracts outstanding at January 31, 2024: Centrally Cleared | |||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
11.25% (Monthly) | 28-Day MXN-TIIE-BANXICO (Monthly) | 11/7/2024 | MXN | 8,134,000 | $(794) | $— | $(794) |
10.95% (Monthly) | 28-Day MXN-TIIE-BANXICO (Monthly) | 12/3/2024 | MXN | 8,842,000 | (115) | — | (115) |
10.76% (Monthly) | 28-Day MXN-TIIE-BANXICO (Monthly) | 1/23/2025 | MXN | 4,537,000 | 79 | — | 79 |
4.68% (Quarterly) | 3M CZK PRBOR (Quarterly) | 3/20/2025 | CZK | 6,582,000 | (459) | — | (459) |
5.14% (Semi-Annually) | 6M PLN WIBOR (Semi-Annually) | 12/20/2025 | PLN | 456,000 | 10 | — | 10 |
1-Day GBP SONIA Rate (At Maturity) | 3.62% (At Maturity) | 1/31/2026 | GBP | 660,000 | (29) | — | (29) |
1-Day GBP SONIA Rate (At Maturity) | 3.73% (At Maturity) | 1/31/2026 | GBP | 660,000 | 808 | — | 808 |
4.10% (Semi-Annually) | 6M CZK PRBOR (Semi-Annually) | 3/20/2026 | CZK | 2,700,000 | (491) | — | (491) |
3M KRW KSDA (Quarterly) | 3.38% (Quarterly) | 9/20/2026 | KRW | 181,949,097 | 343 | — | 343 |
3M KRW KSDA (Quarterly) | 3.33% (Quarterly) | 9/20/2026 | KRW | 90,960,903 | 78 | — | 78 |
28-Day MXN-TIIE-BANXICO (Monthly) | 9.21% (Monthly) | 1/18/2027 | MXN | 3,130,000 | 69 | — | 69 |
3.23% (At Maturity) | 1-Day GBP SONIA Rate (At Maturity) | 2/1/2028 | GBP | 710,000 | (155) | — | (155) |
3.31% (At Maturity) | 1-Day GBP SONIA Rate (At Maturity) | 2/1/2028 | GBP | 700,000 | (774) | — | (774) |
1-Day EUR ESTR (Annually) | 2.09% (Annually) | 2/3/2028 | EUR | 770,000 | 1,865 | 1,207 | 658 |
6M EUR EURIBOR (Semi-Annually) | 3.15% (Annually) | 7/21/2028 | EUR | 111,000 | 4,974 | — | 4,974 |
90
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Interest Rate Swap Contracts outstanding at January 31, 2024: Centrally Cleared (continued) | |||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
28-Day MXN-TIIE-BANXICO (Monthly) | 9.69% (Monthly) | 10/25/2028 | MXN | 1,851,000 | $3,956 | $— | $3,956 |
28-Day MXN-TIIE-BANXICO (Monthly) | 8.67% (Monthly) | 1/18/2029 | MXN | 2,012,000 | (208) | — | (208) |
2-Day USD SOFR (Annually) | 3.41% (Annually) | 6/17/2029 | USD | 2,027,600 | (5,531) | — | (5,531) |
2-Day USD SOFR (Annually) | 3.47% (Annually) | 6/17/2029 | USD | 1,757,270 | 361 | — | 361 |
2-Day USD SOFR (Annually) | 3.33% (Annually) | 6/17/2029 | USD | 1,351,730 | (8,379) | — | (8,379) |
2-Day USD SOFR (Annually) | 3.44% (Annually) | 6/17/2029 | USD | 1,013,791 | (1,358) | — | (1,358) |
2-Day USD SOFR (Annually) | 3.36% (Annually) | 6/17/2029 | USD | 1,013,774 | (4,831) | — | (4,831) |
2-Day USD SOFR (Annually) | 3.42% (Annually) | 6/17/2029 | USD | 760,342 | (1,512) | — | (1,512) |
3.53% (Annually) | 2-Day USD SOFR (Annually) | 6/17/2029 | USD | 675,860 | (1,876) | — | (1,876) |
3.59% (Annually) | 2-Day USD SOFR (Annually) | 6/17/2029 | USD | 1,351,626 | (7,475) | — | (7,475) |
3.68% (Annually) | 2-Day USD SOFR (Annually) | 6/17/2029 | USD | 1,687,988 | (15,799) | — | (15,799) |
3.53% (Annually) | 2-Day USD SOFR (Annually) | 10/31/2030 | USD | 5,438,000 | 8,132 | 23,449 | (15,317) |
3.54% (Annually) | 2-Day USD SOFR (Annually) | 10/31/2030 | USD | 7,148,000 | 6,492 | 7,994 | (1,502) |
3.15% (Annually) | 2-Day USD SOFR (Annually) | 5/15/2048 | USD | 11,701,000 | 987,797 | (28,640) | 1,016,437 |
Total | $965,178 | $4,010 | $961,168 |
Interest Rate Swap Contracts outstanding at January 31, 2024: Over the Counter | ||||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
1-Day BRL BZDIO (At Maturity) | 11.07% (At Maturity) | Barclays | 1/2/2025 | BRL | 928,000 | $1,245 | $— | $1,245 |
1-Day BRL BZDIO (At Maturity) | 11.87% (At Maturity) | Bank of America | 1/2/2025 | BRL | 616,569 | 1,276 | — | 1,276 |
10.30% (At Maturity) | 1-Day COP COOVI (At Maturity) | Citibank | 1/29/2025 | COP | 588,103,000 | (234) | — | (234) |
10.18% (At Maturity) | 1-Day COP COOVI (At Maturity) | Citibank | 6/20/2025 | COP | 522,129,224 | (835) | — | (835) |
8.62% (At Maturity) | 1-Day COP COOVI (At Maturity) | JPMorgan Chase | 11/5/2025 | COP | 781,128,000 | (3,034) | — | (3,034) |
1-Day BRL BZDIO (At Maturity) | 9.65% (At Maturity) | Citibank | 1/2/2026 | BRL | 1,272,000 | 11 | — | 11 |
1-Day BRL BZDIO (At Maturity) | 10.58% (At Maturity) | Citibank | 1/2/2026 | BRL | 980,000 | 2,846 | — | 2,846 |
1-Day BRL BZDIO (At Maturity) | 10.02% (At Maturity) | HSCB Bank | 1/2/2026 | BRL | 737,000 | (339) | — | (339) |
1-Day BRL BZDIO (At Maturity) | 11.80% (At Maturity) | Citibank | 1/2/2026 | BRL | 578,798 | 3,954 | — | 3,954 |
1-Day BRL BZDIO (At Maturity) | 11.75% (At Maturity) | Citibank | 1/2/2026 | BRL | 563,000 | 3,662 | — | 3,662 |
91
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Interest Rate Swap Contracts outstanding at January 31, 2024: Over the Counter (continued) | ||||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Counterparty | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
1-Day BRL BZDIO (At Maturity) | 10.11% (At Maturity) | Goldman Sachs | 1/2/2026 | BRL | 231,260 | $19 | $— | $19 |
1-Day BRL BZDIO (At Maturity) | 9.79% (At Maturity) | BNP Paribas | 1/4/2027 | BRL | 837,000 | 169 | — | 169 |
4.40% (Semi-Annually) | 1-Day CLP CLICP (Semi-Annually) | Goldman Sachs | 1/26/2028 | CLP | 282,051,000 | (921) | — | (921) |
4.44% (Semi-Annually) | 1-Day CLP CLICP (Semi-Annually) | Goldman Sachs | 1/26/2028 | CLP | 200,540,000 | (790) | — | (790) |
Total | $7,029 | $— | $7,029 |
Credit Default Swap Contracts
outstanding - Buy Protection as of January 31, 2024:
Centrally Cleared
Centrally Cleared
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | ||
Markit iTraxx Europe Main Index Series (Pay Quarterly) | 5.00% | 12/20/2028 | EUR | 288,276 | $(23,861) | $(21,791) | $(2,070) | |
Total | $(23,861) | $(21,791) | $(2,070) |
Credit Default Swap Contracts outstanding - Sell Protection as of January 31, 2024: Centrally Cleared | ||||||||
Reference Obligation | Implied Credit Spread | Fixed Deal Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |
Markit CDX North America High Yield Index Series 41 (Pay Quarterly) | 3.59% | 5.00% | 12/20/2028 | USD | 1,679,319 | $104,684 | $81,707 | $22,977 |
Markit CDX North America Investment Grade Index Series 41 (Pay Quarterly) | 0.56% | 1.00% | 12/20/2028 | USD | 20,787,900 | 427,117 | 248,937 | 178,180 |
Total | $531,801 | $330,644 | $201,157 |
Credit Default Swap Contracts outstanding - Buy Protection at January 31, 2024: Over the Counter | ||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |
Federal Republic of Brazil, 4.25%, Due: 1/07/2025 (Pay Quarterly) | 1.00% | 12/20/2024 | Barclays | USD | 336,000 | $(2,388) | $1,485 | $(3,873) |
92
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Credit Default Swap Contracts outstanding - Buy Protection at January 31, 2024: Over the Counter (continued) | ||||||||
Reference Obligation | Fixed Deal Pay Rate | Maturity Date | Counterparty | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |
Abbott Laboratories 3.40% 11/30/2023 (Pay Quarterly) | 1.00% | 12/20/2028 | JPMorgan Chase | USD | 129,000 | $(3,400) | $(2,379) | $(1,021) |
American Electric Power, 3.20%, Due: 11/13/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | Goldman Sachs | USD | 360,000 | (10,558) | (8,505) | (2,053) |
American Electric Power, 3.20%, Due: 11/13/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | Deutsche Bank | USD | 190,770 | (5,595) | (3,763) | (1,832) |
American Electric Power, 3.20%, Due: 11/13/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | Bank of America | USD | 152,230 | (4,464) | (3,403) | (1,061) |
American Express Co., 4.05%, Due: 5/03/2029 (Pay Quarterly) | 1.00% | 12/20/2028 | Citibank | USD | 360,000 | (10,613) | (7,545) | (3,068) |
Dominion Energy, Inc., 4.25%, Due: 6/01/2028 (Pay Quarterly) | 1.00% | 12/20/2028 | Bank of America | USD | 231,920 | (4,948) | (3,601) | (1,347) |
Dominion Energy, Inc., 4.25%, Due: 6/01/2028 (Pay Quarterly) | 1.00% | 12/20/2028 | Citibank | USD | 75,658 | (1,614) | (1,101) | (513) |
Dominion Energy, Inc., 4.25%, Due: 6/01/2028 (Pay Quarterly) | 1.00% | 12/20/2028 | Barclays | USD | 38,422 | (820) | (589) | (231) |
Federal Republic of Brazil, 4.25%, Due: 1/07/2025 (Pay Quarterly) | 1.00% | 12/20/2028 | Goldman Sachs | USD | 36,100 | 543 | 1,452 | (909) |
Republic of Colombia, 10.38%, Due: 1/28/2033 (Pay Quarterly) | 1.00% | 12/20/2028 | JPMorgan Chase | USD | 95,000 | 2,774 | 4,487 | (1,713) |
Republic of South Africa, 5.88%, Due: 9/16/2025 (Pay Quarterly) | 1.00% | 12/20/2028 | Citibank | USD | 113,000 | 6,124 | 5,947 | 177 |
Republic of South Africa, 5.88%, Due: 9/16/2025 (Pay Quarterly) | 1.00% | 12/20/2028 | Barclays | USD | 98,000 | 5,256 | 7,473 | (2,217) |
United Mexican States, 4.15%, Due: 3/28/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | BNP Paribas | USD | 111,000 | (622) | 1,116 | (1,738) |
United Mexican States, 4.15%, Due: 3/28/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | Barclays | USD | 76,506 | (428) | 588 | (1,016) |
United Mexican States, 4.15%, Due: 3/28/2027 (Pay Quarterly) | 1.00% | 12/20/2028 | JPMorgan Chase | USD | 28,800 | (161) | 279 | (440) |
Total | $(30,914) | $(8,059) | $(22,855) |
Inflation Swap Contracts outstanding at January 31, 2024: Centrally Cleared | |||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
1-Day Eurozone Inflation Index (At Maturity) | 2.51% (At Maturity) | 12/15/2053 | EUR | 280,000 | $10,023 | $— | $10,023 |
3.16% (At Maturity) | 1-Day UK Retail Price Index (At Maturity) | 1/15/2054 | GBP | 147,500 | 582 | — | 582 |
3.17% (At Maturity) | 1-Day UK Retail Price Index (At Maturity) | 1/15/2054 | GBP | 147,500 | 47 | — | 47 |
93
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Inflation Swap Contracts outstanding at January 31, 2024: Centrally Cleared (continued) | |||||||
Pay Rate Index/ Pay Rate | Receive Rate Index/ Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | |
1-Day U.S. Consumer Price Index (At Maturity) | 2.50% (At Maturity) | 1/19/2054 | USD | 215,000 | $1,851 | $— | $1,851 |
1-Day U.S. Consumer Price Index (At Maturity) | 2.51% (At Maturity) | 1/22/2054 | USD | 215,000 | 2,301 | — | 2,301 |
Total | $14,804 | $— | $14,804 |
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Total Return Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Asset-Backed Securities | $— | $32,293,529 | $— | $32,293,529 |
Corporate Bonds | — | 149,321,721 | 108,950 | 149,430,671 |
Foreign Issuer Bonds | — | 48,995,445 | — | 48,995,445 |
Mortgage-Backed Securities | — | 281,813,517 | — | 281,813,517 |
Municipal Bonds | — | 2,400,973 | — | 2,400,973 |
Term Loans | — | 23,224 | — | 23,224 |
U.S. Government Obligations | — | 116,108,133 | — | 116,108,133 |
Investment Companies | 245,691,462 | — | — | 245,691,462 |
Short-Term Investments | 31,518,328 | 13,403,133 | — | 44,921,461 |
Purchased Options | 407,794 | 227,381 | — | 635,175 |
Total Assets – Investments at value | $277,617,584 | $644,587,056 | $108,950 | $922,313,590 |
Liabilities: | ||||
Mortgage-Backed Securities | $— | $(24,991,978) | $— | $(24,991,978) |
Total Liabilities – Investments at value | $— | $(24,991,978) | $— | $(24,991,978) |
Net Investments | $277,617,584 | $619,595,078 | $108,950 | $897,321,612 |
Morningstar Total Return Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Derivative Financial Instruments | ||||
Assets: | ||||
Futures Contracts | $1,944,183 | $— | $— | $1,944,183 |
Forward Foreign Currency Exchange Contracts | — | 150,163 | — | 150,163 |
Swap Agreements | — | 1,589,448 | — | 1,589,448 |
Total Assets - Derivative Financial Instruments | $1,944,183 | $1,739,611 | $— | $3,683,794 |
94
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Total Return Bond Fund
Morningstar Total Return Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Liabilities: | ||||
Futures Contracts | $(353,226) | $— | $— | $(353,226) |
Forward Foreign Currency Exchange Contracts | — | (110,506) | — | (110,506) |
Written Options | (281,582) | (972,590) | — | (1,254,172) |
Swap Agreements | — | (125,411) | — | (125,411) |
Total Liabilities - Derivative Financial Instruments | $(634,808) | $(1,208,507) | $— | $(1,843,315) |
Net Derivative Financial Instruments | $1,309,375 | $531,104 | $— | $1,840,479 |
95
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Municipal Bond Fund
96
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
97
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
98
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
99
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
100
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
101
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
102
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
103
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
104
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
105
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
106
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
107
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
108
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
109
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
110
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
111
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
112
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
113
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
114
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
115
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
116
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
117
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
118
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
119
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
120
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
121
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
122
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
123
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
124
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
125
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
126
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
127
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
Par/Number of Shares | Value | ||
Municipal (Continued) | |||
Village Community Development District No. 13 Special Assessment Bonds, Limited Offering, 2.63%, 5/01/24 | 125,000 | $124,576 | |
West Cornwall Township Municipal Authority Healthcare Facilities Revenue Refunding Bonds, Lebanon Valley Brethren Home Project, 4.00%, 11/15/24 | 115,000 | 114,554 | |
Wisconsin State Health & Educational Facilities Authority Revenue Refunding Bonds, Series B5, 5.00%, 12/03/24(a)(b)(c) | 855,000 | 865,301 | |
Wisconsin State Health & Educational Facilities Authority Variable Revenue Refunding Bonds, Advocate Aurora Health Credit Group, 5.00%, 1/29/25(a)(b)(c) | 500,000 | 507,232 | |
30,112,183 | |||
Total Short-Term Investments (Cost $44,568,266) | 44,375,342 | ||
Total Investments – 99.3% (Cost $341,751,198) | 330,818,576 | ||
Other Assets less Liabilities – 0.7% | 2,339,040 | ||
NET ASSETS – 100.0% | $333,157,616 |
Percentages shown are based on Net Assets. |
(a) | Maturity date represents the puttable date. | ||
(b) | These securities are remarketed by an agent, and the interest rate is determined by general market conditions and supply and demand. | ||
(c) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. | ||
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(e) | Zero coupon bond. | ||
(f) | Amount rounds to less than 0.05%. | ||
(g) | Maturity date represents the prerefunded date. | ||
(h) | 7-day current yield as of January 31, 2024 is disclosed. | ||
(i) | Rate is determined by a Remarketing Agent which, in its judgment, on the basis of prevailing financial markets, will be the lowest interest rate necessary to enable the remarketing agent to sell the bonds at a price equal to 100% of the principal amount. | ||
(j) | Security has converted to a fixed rate as of June 1, 2023, and will continue at a fixed rate going forward. |
Abbreviations: |
AGM | Assured Guarantee Municipal Corporation |
AMBAC | American Municipal Bond Assurance Corporation |
AMT | Alternative Minimum Tax |
128
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
BAM | Build America Mutual |
BANS | Bond Anticipation Notes |
CABS | Capital Appreciation Bonds |
COPS | Certificates of Participation |
EDA | Economic Development Administration |
FHA | Federal Housing Administration |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
GO | Government Obligation |
Gtd | Guaranteed |
HFA | Housing Finance Authority |
IBC | Insured Bond Certificates |
IDA | Industrial Development Association |
L.P. | Limited Partnership |
LLC | Limited Liability Company |
LOC | Letter of Credit |
MFH | Multifamily Housing |
MTA | Metropolitan Transportation Authority |
NATL | National Interstate Insurance |
PCR | Pollution Control Revenue |
PFA | Public Finance Authority |
PSF | Permanent School Fund |
SFM | Single Family Mortgage |
SIFMA | Securities Industry and Financial Markets Association |
SOFR | United States Secured Overnight Financing Rate |
SonyMA | State of New York Mortgage Agency |
TCRS | Transferable Custodial Receipts |
TRB | Tax Revenue Bonds |
129
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Municipal Bond Fund
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Municipal Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Municipal Bonds | $— | $286,443,234 | $— | $286,443,234 |
Short-Term Investments | 14,263,159 | 30,112,183 | — | 44,375,342 |
Total Investments | $14,263,159 | $316,555,417 | $— | $330,818,576 |
130
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Defensive Bond Fund
131
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
132
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
133
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
134
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
135
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
136
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
137
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
Par/Number of Shares | Value | ||
Money Market Funds (Continued) | |||
Northern Institutional Funds - Treasury Portfolio (Premier), 5.17%(k) | 7,000,250 | $7,000,250 | |
7,115,953 | |||
U.S. Treasury Bills – 5.4% | |||
U.S. Treasury Bills, | |||
4.55%, 2/01/24(m) | 3,714,000 | 3,714,000 | |
4.51%, 2/08/24(m) | 3,615,000 | 3,611,311 | |
7,325,311 | |||
Total Short-Term Investments (Cost $14,954,327) | 14,951,477 | ||
Total Investments – 102.8% (Cost $140,510,089) | 138,067,744 | ||
Liabilities less Other Assets – (2.8)% | (3,759,200) | ||
NET ASSETS – 100.0% | $134,308,544 |
Percentages shown are based on Net Assets. |
(a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(b) | Restricted security that has been deemed illiquid. At January 31, 2024, the value of these restricted illiquid securities amounted to $2,852,767 or 2.12% of net assets. Additional information on these restricted illiquid securities is as follows: |
Security | Acquisition Date | Acquisition Cost | |
ABPCI Direct Lending Fund ABS I Ltd., 4.94%, 12/20/30 | 12/16/20 | $775,372 | |
ABPCI Direct Lending Fund ABS II LLC, 7.42%, 3/1/32 | 2/15/22 | 224,000 | |
Monroe Capital ABS Funding Ltd., 2.82%, 4/22/31 | 2/18/21-3/25/21 | 356,955 | |
Monroe Capital ABS Funding Ltd., 3.91%, 4/22/31 | 2/18/21 | 215,849 | |
VCP CLO II Ltd., 13.99%, 4/15/31 | 2/05/21 | 1,085,430 | |
VCP RRL ABS I Ltd., 2.85%, 10/20/31 | 7/28/21 | 243,833 |
(c) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. |
(d) | Step coupon bond. Rate as of January 31, 2024 is disclosed. |
(e) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate as of January 31, 2024 is disclosed. |
(f) | Amount rounds to less than 0.05%. |
(g) | Investment is valued using significant unobservable inputs (Level 3). |
(h) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $3,704,963. |
(i) | Zero coupon bond. |
(j) | Issuer has defaulted on terms of debt obligation. Income is not being accrued. |
(k) | 7-day current yield as of January 31, 2024 is disclosed. |
(l) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $115,703 and total non-cash collateral has a value of $3,701,726. |
(m) | Discount rate at the time of purchase. |
* | Non-Income Producing Security |
Abbreviations: |
1M | 1 Month |
3M | 3 Month |
138
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Defensive Bond Fund
30D | 30 Day |
ABS | Asset-Backed Security |
BDC | Business Development Company |
CLO | Collateralized Loan Obligation |
CME | Chicago Mercantile Exchange |
ETF | Exchange-Traded Fund |
IO | Interest Only |
L.P. | Limited Partnership |
LLC | Limited Liability Company |
PLC | Public Limited Company |
SOFR | United States Secured Overnight Financing Rate |
Strip | Separate Trading of Registered Interest and Principal |
USD | United States Dollar |
Valuation
Hierarchy
The following is
a summary of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Defensive Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Asset-Backed Securities | $— | $32,540,098 | $— | $32,540,098 |
Common Stocks | 976,514 | 258,169 | 34,817 | 1,269,500 |
Corporate Bonds | — | 6,198,905 | — | 6,198,905 |
Foreign Issuer Bonds | — | 681,291 | — | 681,291 |
Mortgage-Backed Securities | — | 19,805,675 | — | 19,805,675 |
Municipal Bonds | — | 102,133 | — | 102,133 |
Term Loans | — | 1,276,579 | — | 1,276,579 |
U.S. Government Obligations | — | 3,430,867 | — | 3,430,867 |
Investment Companies | 57,811,219 | — | — | 57,811,219 |
Short-Term Investments | 7,115,953 | 7,835,524 | — | 14,951,477 |
Total Investments | $65,903,686 | $72,129,241 | $34,817 | $138,067,744 |
139
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Multisector Bond Fund
140
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
141
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
142
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
143
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
144
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
145
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
146
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
147
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
148
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
149
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
150
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
151
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
152
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
153
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
154
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
155
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
156
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
157
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
158
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
159
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
160
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
161
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
162
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
163
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
164
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
165
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
166
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
167
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
168
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
Percentages shown are based on Net Assets. |
(a) | Par value is in USD unless otherwise indicated. | ||
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(c) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. | ||
(d) | Step coupon bond. Rate as of January 31, 2024 is disclosed. | ||
(e) | Amount rounds to less than 0.05%. | ||
(f) | Zero coupon bond. | ||
(g) | Distributions from this security are made via payments in-kind (PIK) unless otherwise noted in the description. | ||
(h) | Restricted security that has been deemed illiquid. At January 31, 2024, the value of these restricted illiquid securities amounted to $17,011 or 0.01% of net assets. Additional information on these restricted illiquid securities is as follows: |
Security | Acquisition Date | Acquisition Cost | |
Sunac China Holdings Ltd., 1.00%, 9/30/32 | 11/20/23 | $2,336 | |
Sunac China Holdings Ltd., 6.25%, 9/30/26 | 11/20/23 | 1,882 | |
Sunac China Holdings Ltd., 6.50%, 9/30/27 | 11/20/23 | 3,815 | |
Sunac China Holdings Ltd., 6.75%, 9/30/28 | 11/20/23 | 4,526 | |
Sunac China Holdings Ltd., 7.00%, 9/30/29 | 11/20/23 | 4,210 | |
Sunac China Holdings Ltd., 7.25%, 9/30/30 | 11/20/23 | 1,820 |
(i) | Perpetual bond. Maturity date represents next call date. |
(j) | Variable rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate as of January 31, 2024 is disclosed. |
(k) | When-Issued Security. Coupon rate was not yet in effect at January 31, 2024. |
(l) | Issuer has defaulted on terms of debt obligation. Income is not being accrued. |
(m) | These securities are remarketed by an agent, and the interest rate is determined by general market conditions and supply and demand. |
(n) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate as of January 31, 2024 is disclosed. |
(o) | Position is unsettled. Contract rate was not determined at January 31, 2024 and does not take effect until settlement date. |
(p) | Investment is valued using significant unobservable inputs (Level 3). |
(q) | 7-day current yield as of January 31, 2024 is disclosed. |
(r) | Discount rate at the time of purchase. |
(s) | Includes appreciation/(depreciation) on forward foreign currency exchange and futures contracts. |
* | Non-Income Producing Security |
169
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
Abbreviations: |
1Y | 1 Year |
1M | 1 Month |
3M | 3 Month |
5Y | 5 Year |
10Y | 10 Year |
BDC | Business Development Company |
BRL | Brazilian Real |
CLO | Collateralized Loan Obligation |
CLP | Chilean Peso |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity |
CNY | Chinese Offshore Yuan |
COP | Colombian Peso |
CZK | Czech Republic Koruna |
GMTN | Global Medium Term Note |
HUF | Hungarian Forint |
IDR | Indonesian Rupiah |
JSC | Joint Stock Company |
L.P. | Limited Partnership |
LIBOR | London Interbank Offered Rate |
LLC | Limited Liability Company |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
PEN | Peruvian Nuevo Sole |
PLC | Public Limited Company |
PLN | Polish Zloty |
REIT | Real Estate Investment Trust |
RON | Romania New Leu |
S&P | Standards & Poor's |
SOFR | United States Secured Overnight Financing Rate |
THB | Thai Baht |
TRY | Turkish Lira |
USD | United States Dollar |
ZAR | South African Rand |
170
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
Futures Contracts outstanding at January 31, 2024: Exchange Traded | |||||
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | |||||
10-Year U.S. Treasury Note | 1 | 3/19/2024 | USD | 112,328 | $172 |
Ultra U.S. Treasury Bond | 8 | 3/19/2024 | USD | 1,033,750 | 40,500 |
2-Year U.S. Treasury Note | 23 | 3/28/2024 | USD | 4,730,094 | 38,607 |
Total Long Contracts | $79,279 | ||||
Short Contracts | |||||
Ultra 10-Year U.S. Treasury Note | (42) | 3/19/2024 | USD | 4,908,750 | $(162,872) |
5-Year U.S. Treasury Note | (1) | 3/28/2024 | USD | 108,391 | (16) |
Total Short Contracts | $(162,888) | ||||
$(83,609) |
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
12/11/24 | U.S. Dollars | 276,299 | Egyptian Pounds | 13,915,762 | JPMorgan Chase | $61,460 |
2/09/24 | U.S. Dollars | 2,453,202 | Thai Baht | 84,931,791 | Morgan Stanley | 57,525 |
3/18/24 | Colombian Pesos | 3,712,152,000 | U.S. Dollars | 903,200 | Morgan Stanley | 41,925 |
2/09/24 | U.S. Dollars | 1,234,598 | Thai Baht | 43,068,964 | Barclays | 19,749 |
3/18/24 | Colombian Pesos | 1,184,175,000 | U.S. Dollars | 285,000 | Deutsche Bank | 16,495 |
3/18/24 | U.S. Dollars | 540,000 | Peruvian Nuevo Soles | 2,020,140 | Citibank | 9,583 |
2/29/24 | U.S. Dollars | 718,018 | Indonesian Rupiahs | 11,200,000,000 | Bank of America | 8,263 |
3/18/24 | Euro | 335,461 | U.S. Dollars | 358,946 | Barclays | 4,314 |
2/29/24 | Indian Rupees | 60,582,700 | U.S. Dollars | 724,400 | Deutsche Bank | 4,099 |
2/20/24 | Polish Zloty | 1,179,588 | U.S. Dollars | 292,484 | Bank of America | 2,040 |
2/09/24 | Thai Baht | 128,000,755 | U.S. Dollars | 3,608,654 | Barclays | 1,872 |
4/15/24 | Turkish Lira | 6,363,000 | U.S. Dollars | 193,120 | Barclays | 1,371 |
2/20/24 | U.S. Dollars | 217,657 | Hungarian Forints | 77,313,959 | Goldman Sachs | 424 |
2/20/24 | U.S. Dollars | 146,116 | Hungarian Forints | 51,863,036 | BNP Paribas | 393 |
Total Unrealized Appreciation | $229,513 | |||||
4/22/24 | Chilean Pesos | 42,255,670 | U.S. Dollars | 45,699 | Citibank | $(488) |
3/06/24 | Turkish Lira | 3,430,350 | U.S. Dollars | 110,000 | BNP Paribas | (683) |
3/06/24 | Turkish Lira | 2,704,297 | U.S. Dollars | 86,907 | Bank of America | (727) |
3/19/24 | Malaysian Ringgit | 625,793 | U.S. Dollars | 135,000 | Barclays | (1,957) |
3/18/24 | U.S. Dollars | 361,300 | Euro | 335,461 | BNP Paribas | (1,960) |
2/20/24 | U.S. Dollars | 292,107 | Polish Zloty | 1,179,588 | Bank of America | (2,417) |
10/28/24 | Turkish Lira | 16,133,789 | U.S. Dollars | 406,700 | JPMorgan Chase | (2,774) |
3/18/24 | U.S. Dollars | 585,400 | Colombian Pesos | 2,318,769,400 | Citibank | (4,966) |
2/20/24 | Hungarian Forints | 129,176,995 | U.S. Dollars | 368,044 | BNP Paribas | (5,089) |
4/22/24 | Chilean Pesos | 410,569,051 | U.S. Dollars | 444,700 | JPMorgan Chase | (5,415) |
2/26/24 | Chinese Offshore Yuan | 19,010,202 | U.S. Dollars | 2,654,500 | BNP Paribas | (6,027) |
171
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/08/24 | South Korean Won | 457,660,000 | U.S. Dollars | 350,000 | Bank of America | $(6,348) |
3/15/24 | South Korean Won | 718,232,160 | U.S. Dollars | 547,600 | Barclays | (8,080) |
9/18/24 | Turkish Lira | 6,561,000 | U.S. Dollars | 180,000 | Morgan Stanley | (8,893) |
3/18/24 | Peruvian Nuevo Soles | 2,454,562 | U.S. Dollars | 656,300 | Standard Chartered Bank | (11,819) |
9/18/24 | Turkish Lira | 9,794,664 | U.S. Dollars | 268,200 | JPMorgan Chase | (12,761) |
4/11/24 | Thai Baht | 31,857,421 | U.S. Dollars | 920,894 | JPMorgan Chase | (17,884) |
12/11/24 | Egyptian Pounds | 4,938,536 | U.S. Dollars | 102,396 | Bank of America | (26,152) |
12/11/24 | Egyptian Pounds | 8,977,226 | U.S. Dollars | 184,312 | JPMorgan Chase | (45,717) |
Total Unrealized Depreciation | $(170,157) | |||||
Net Unrealized Appreciation | $59,356 |
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Multisector Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Asset-Backed Securities | $— | $604,613 | $— | $604,613 |
Common Stocks | 319,228 | — | — | 319,228 |
Convertible Bonds | — | 2,365,973 | — | 2,365,973 |
Convertible Preferred Stocks | 175,005 | — | — | 175,005 |
Corporate Bonds | — | 76,756,037 | — | 76,756,037 |
Foreign Issuer Bonds | — | 83,578,063 | — | 83,578,063 |
Mortgage-Backed Securities | — | 1,005,575 | — | 1,005,575 |
Term Loans | — | 2,162,873 | — | 2,162,873 |
U.S. Government Obligations | — | 896,524 | — | 896,524 |
Warrants | — | — | —* | — |
Short-Term Investments | 3,293,260 | 4,226,334 | — | 7,519,594 |
Total Investments | $3,787,493 | $171,595,992 | $— | $175,383,485 |
*Includes securities determined to have no value as of January 31, 2024. |
Morningstar Multisector Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Derivative Financial Instruments | ||||
Assets: | ||||
Futures Contracts | $79,279 | $— | $— | $79,279 |
Forward Foreign Currency Exchange Contracts | — | 229,513 | — | 229,513 |
Total Assets - Derivative Financial Instruments | $79,279 | $229,513 | $— | $308,792 |
172
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Multisector Bond Fund
Morningstar Multisector Bond Fund | Level 1 | Level 2 | Level 3 | Totals |
Liabilities: | ||||
Futures Contracts | $(162,888) | $— | $— | $(162,888) |
Forward Foreign Currency Exchange Contracts | — | (170,157) | — | (170,157) |
Total Liabilities - Derivative Financial Instruments | $(162,888) | $(170,157) | $— | $(333,045) |
Net Derivative Financial Instruments | $(83,609) | $59,356 | $— | $(24,253) |
173
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Global Opportunistic Equity Fund
174
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Opportunistic Equity
Fund
175
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Opportunistic Equity
Fund
176
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Opportunistic Equity
Fund
177
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Opportunistic Equity
Fund
Percentages shown are based on Net Assets. |
All securities are United States companies, unless noted otherwise in parentheses. | |||
(a) | Amount rounds to less than 0.05%. | ||
(b) | Security either partially or fully on loan. As of January 31, 2024, the total value of securities on loan is $12,844,784. | ||
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | ||
(d) | Investment is valued using significant unobservable inputs (Level 3). | ||
(e) | Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income. | ||
(f) | 7-day current yield as of January 31, 2024 is disclosed. |
178
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Global Opportunistic Equity
Fund
(g) | Security purchased with the cash proceeds from securities loaned. As of January 31, 2024, total cash collateral has a value of $7,773,939 and total non-cash collateral has a value of $5,497,965. | ||
* | Non-Income Producing Security |
Abbreviations: |
ADR | American Depositary Receipt |
DAX | Deutscher Aktienindex |
ETF | Exchange-Traded Fund |
EUR | Euro |
FTSE | Financial Times Stock Exchange |
MSCI | Morgan Stanley Capital International |
PJSC | Public Joint Stock Company |
PLC | Public Limited Company |
SPDR | Standard & Poor's Depositary Receipt |
UCITS | Undertakings for Collective Investment in Transferable Securities |
Valuation
Hierarchy
The following is
a summary of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Global Opportunistic Equity Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Common Stocks | $79,375,909 | $74,646,327 | $—* | $154,022,236 |
Preferred Stocks | — | 2,540,846 | — | 2,540,846 |
Investment Companies | 116,652,080 | — | — | 116,652,080 |
Short-Term Investments | 23,605,826 | — | — | 23,605,826 |
Total Investments | $219,633,815 | $77,187,173 | $— | $296,820,988 |
*Includes securities determined to have no value as of January 31, 2024. |
179
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments
Morningstar Alternatives Fund
180
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
181
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
182
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
183
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
184
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
185
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
186
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
187
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
188
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
189
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
190
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
191
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
192
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
193
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
194
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
195
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
196
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
197
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
198
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
199
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
200
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
201
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
202
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
203
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
204
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
205
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
206
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Number of Shares | Value | ||
Technology Services – (0.1)% | |||
Block, Inc. | (400) | $(26,004) | |
CSG Systems International, Inc. | (2,913) | (146,553) | |
I3 Verticals, Inc., Class A | (1,704) | (31,933) | |
Perficient, Inc. | (1,418) | (96,608) | |
(301,098) | |||
Transportation & Logistics – (0.3)% | |||
Air Transport Services Group, Inc. | (17,138) | (265,468) | |
American Airlines Group, Inc. | (24,726) | (351,851) | |
CryoPort, Inc. | (1,138) | (16,512) | |
(633,831) | |||
Transportation Equipment – (0.2)% | |||
Greenbrier (The) Cos., Inc. | (11,945) | (543,020) | |
Total Common Stocks (Proceeds $22,600,855) | (22,534,710) | ||
Rights – 0.0%(c) | |||
Biotechnology & Pharmaceuticals — 0.0%(c) | |||
Ligand Pharmaceuticals, Inc. CVR (Switzerland Exchange)(e) | (52) | — | |
Ligand Pharmaceuticals, Inc. CVR(e) | (52) | — | |
Total Rights (Proceeds $—) | — | ||
Total Short Positions – (9.8)% (Proceeds $22,600,855) | (22,534,710) | ||
Other Assets less Liabilities – 9.4%(o) | 21,628,614 | ||
NET ASSETS – 100.0% | $229,908,312 | ||
Percentages shown are based on Net Assets. | |||
All securities are United States companies, unless noted otherwise in parentheses. |
(a) | Par value is in USD unless otherwise indicated. |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | Amount rounds to less than 0.05%. |
(d) | All or a portion of the security was held as collateral for open futures, options, securities sold short and/or swap agreements. |
(e) | Investment is valued using significant unobservable inputs (Level 3). |
(f) | Security represents underlying investment on open options contracts. |
(g) | Zero coupon bond. |
(h) | Variable or floating rate security. Rate as of January 31, 2024 is disclosed. |
(i) | Distributions from this security are made via payments in-kind (PIK) unless otherwise noted in the description. |
207
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
(j) | Variable rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate as of January 31, 2024 is disclosed. |
(k) | When-Issued Security. Coupon rate was not yet in effect at January 31, 2024. |
(l) | 7-day current yield as of January 31, 2024 is disclosed. |
(m) | Discount rate at the time of purchase. |
(n) | Securities sold short are not owned by the Fund. |
(o) | Includes appreciation/(depreciation) on forward foreign currency exchange, futures and swap contracts. |
* | Non-Income Producing Security |
Abbreviations: |
1Y | 1 Year |
3M | 3 Month |
5Y | 5 Year |
30D | 30 Day |
ADR | American Depositary Receipt |
AUD | Australian Dollar |
BDC | Business Development Company |
CAD | Canadian Dollar |
CDX | Credit Default Swap Index |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity |
CVR | Contingent Value Rights |
ETF | Exchange-Traded Fund |
EUR | Euro |
FNMA | Federal National Mortgage Association |
Freddie Mac | Federal Home Loan Mortgage Corporation |
GBP | British Pound |
L.P. | Limited Partnership |
LLC | Limited Liability Company |
OAT | Obligations Assimilables du Trésor |
PLC | Public Limited Company |
REIT | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
S&P | Standards & Poor's |
SASU | Société par Actions Simplifiée Unipersonnelle |
SOFR | United States Secured Overnight Financing Rate |
STACR | Structured Agency Credit Risk |
USD | United States Dollar |
208
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Futures Contracts outstanding at January 31, 2024: Exchange Traded | |||||
Description | Number of Contracts | Expiration Date | Trading Currency | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | |||||
Euro-Bund | 9 | 3/07/2024 | EUR | 1,321,318 | $1,052 |
10-Year Canadian Government Bond | 11 | 3/19/2024 | CAD | 995,478 | (4,600) |
Ultra 10-Year U.S. Treasury Note | 15 | 3/19/2024 | USD | 1,753,125 | 19,830 |
Ultra U.S. Treasury Bond | 32 | 3/19/2024 | USD | 4,135,000 | 220,964 |
Long Gilt | 1 | 3/26/2024 | GBP | 126,692 | 1,572 |
2-Year U.S. Treasury Note | 83 | 3/28/2024 | USD | 17,069,469 | 144,972 |
Total Long Contracts | $383,790 | ||||
Short Contracts | |||||
Euro-OAT | (7) | 3/07/2024 | EUR | 986,312 | $(26,140) |
10-Year Australian Treasury Bond | (3) | 3/15/2024 | AUD | 228,557 | (3,378) |
10-Year U.S. Treasury Note | (151) | 3/19/2024 | USD | 16,961,547 | (250,795) |
U.S. Treasury Long Bond | (36) | 3/19/2024 | USD | 4,404,375 | (233,146) |
5-Year U.S. Treasury Note | (36) | 3/28/2024 | USD | 3,902,062 | (64,523) |
Total Short Contracts | $(577,982) | ||||
$(194,192) |
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | South African Rand | 9,400,000 | U.S. Dollars | 487,808 | Morgan Stanley | $12,190 |
3/20/24 | U.S. Dollars | 455,071 | Euro | 410,000 | Barclays | 11,058 |
3/20/24 | U.S. Dollars | 736,573 | Czech Republic Koruna | 16,700,000 | Morgan Stanley | 10,552 |
3/20/24 | Colombian Pesos | 890,000,000 | U.S. Dollars | 217,847 | Morgan Stanley | 8,671 |
3/20/24 | U.S. Dollars | 599,015 | Indonesian Rupiahs | 9,330,000,000 | Deutsche Bank | 7,997 |
3/20/24 | U.S. Dollars | 373,761 | Swedish Kronor | 3,800,000 | Goldman Sachs | 7,889 |
3/20/24 | U.S. Dollars | 276,869 | Australian Dollars | 410,000 | Bank of America | 7,456 |
3/15/24 | U.S. Dollars | 975,678 | British Pounds | 764,800 | Morgan Stanley | 6,107 |
3/20/24 | U.S. Dollars | 417,606 | Euro | 380,000 | Morgan Stanley | 6,081 |
3/20/24 | U.S. Dollars | 173,708 | Chilean Pesos | 157,000,000 | Goldman Sachs | 5,480 |
3/20/24 | U.S. Dollars | 602,701 | Philippine Pesos | 33,600,000 | Bank of America | 5,422 |
3/21/24 | U.S. Dollars | 251,958 | Japanese Yen | 36,000,000 | Morgan Stanley | 5,410 |
3/20/24 | U.S. Dollars | 343,176 | Swiss Francs | 290,000 | Goldman Sachs | 5,322 |
3/20/24 | Colombian Pesos | 850,000,000 | U.S. Dollars | 211,998 | Goldman Sachs | 4,340 |
3/20/24 | U.S. Dollars | 180,828 | Hungarian Forints | 63,000,000 | Barclays | 4,296 |
209
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | U.S. Dollars | 67,260 | Chilean Pesos | 58,780,000 | Morgan Stanley | $4,276 |
3/20/24 | U.S. Dollars | 229,611 | South Korean Won | 300,000,000 | JPMorgan Chase | 4,196 |
3/20/24 | U.S. Dollars | 231,580 | Euro | 210,000 | Goldman Sachs | 4,158 |
3/20/24 | U.S. Dollars | 285,567 | Euro | 260,000 | Bank of America | 3,998 |
3/20/24 | Swiss Francs | 260,000 | U.S. Dollars | 298,916 | Barclays | 3,988 |
3/20/24 | U.S. Dollars | 207,635 | Australian Dollars | 310,000 | Goldman Sachs | 3,934 |
3/20/24 | Mexican Pesos | 3,500,000 | U.S. Dollars | 197,805 | Citibank | 3,886 |
3/20/24 | Polish Zloty | 1,600,000 | U.S. Dollars | 396,247 | JPMorgan Chase | 3,101 |
3/20/24 | U.S. Dollars | 180,482 | Australian Dollars | 270,000 | Citibank | 3,065 |
3/20/24 | U.S. Dollars | 111,718 | Czech Republic Koruna | 2,500,000 | Barclays | 3,032 |
3/20/24 | U.S. Dollars | 289,440 | New Zealand Dollars | 468,940 | Goldman Sachs | 2,784 |
3/20/24 | U.S. Dollars | 137,568 | Swedish Kronor | 1,400,000 | Barclays | 2,773 |
3/20/24 | U.S. Dollars | 96,661 | South Korean Won | 125,000,000 | Goldman Sachs | 2,738 |
3/20/24 | Indian Rupees | 51,200,000 | U.S. Dollars | 612,347 | Goldman Sachs | 2,666 |
3/20/24 | U.S. Dollars | 197,446 | Euro | 180,000 | Deutsche Bank | 2,515 |
3/20/24 | U.S. Dollars | 44,283 | Chilean Pesos | 39,000,000 | JPMorgan Chase | 2,494 |
3/20/24 | U.S. Dollars | 383,463 | Singapore Dollars | 510,000 | Barclays | 2,457 |
3/20/24 | U.S. Dollars | 145,313 | Hungarian Forints | 51,000,000 | JPMorgan Chase | 2,406 |
3/20/24 | U.S. Dollars | 158,031 | Thai Baht | 5,500,000 | Goldman Sachs | 2,405 |
3/20/24 | U.S. Dollars | 100,956 | Australian Dollars | 150,000 | Barclays | 2,390 |
3/20/24 | U.S. Dollars | 165,312 | Swiss Francs | 140,000 | Deutsche Bank | 2,210 |
3/20/24 | U.S. Dollars | 188,257 | Canadian Dollars | 250,000 | Goldman Sachs | 2,190 |
3/20/24 | U.S. Dollars | 376,418 | Australian Dollars | 570,000 | JPMorgan Chase | 1,869 |
3/15/24 | U.S. Dollars | 270,161 | Norwegian Kroner | 2,819,700 | Morgan Stanley | 1,772 |
3/20/24 | U.S. Dollars | 55,820 | Euro | 50,000 | Citibank | 1,672 |
3/20/24 | U.S. Dollars | 158,123 | Czech Republic Koruna | 3,600,000 | Deutsche Bank | 1,615 |
3/20/24 | U.S. Dollars | 124,516 | New Zealand Dollars | 201,060 | Barclays | 1,611 |
3/20/24 | U.S. Dollars | 134,530 | Indonesian Rupiahs | 2,100,000,000 | Morgan Stanley | 1,503 |
3/20/24 | U.S. Dollars | 66,826 | Chilean Pesos | 61,000,000 | Citibank | 1,464 |
3/20/24 | U.S. Dollars | 59,312 | Taiwan Dollars | 1,800,000 | Deutsche Bank | 1,427 |
3/20/24 | U.S. Dollars | 63,044 | Hungarian Forints | 22,000,000 | Morgan Stanley | 1,396 |
3/20/24 | U.S. Dollars | 141,187 | Swiss Francs | 120,000 | Morgan Stanley | 1,385 |
3/15/24 | British Pounds | 378,300 | U.S. Dollars | 478,219 | Morgan Stanley | 1,369 |
3/20/24 | Swedish Kronor | 6,000,000 | U.S. Dollars | 576,343 | Morgan Stanley | 1,349 |
3/20/24 | U.S. Dollars | 142,821 | Mexican Pesos | 2,455,000 | JPMorgan Chase | 1,349 |
3/20/24 | U.S. Dollars | 83,894 | Czech Republic Koruna | 1,900,000 | Bank of America | 1,293 |
3/20/24 | Polish Zloty | 1,000,000 | U.S. Dollars | 248,342 | Deutsche Bank | 1,250 |
3/20/24 | British Pounds | 130,000 | U.S. Dollars | 163,638 | Morgan Stanley | 1,176 |
3/20/24 | U.S. Dollars | 165,522 | Singapore Dollars | 220,000 | Goldman Sachs | 1,166 |
3/20/24 | U.S. Dollars | 68,554 | Swedish Kronor | 700,000 | Citibank | 1,156 |
210
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | U.S. Dollars | 61,213 | South Korean Won | 80,000,000 | Bank of America | $1,103 |
3/20/24 | Colombian Pesos | 570,000,000 | U.S. Dollars | 144,078 | Barclays | 996 |
3/20/24 | U.S. Dollars | 710,561 | Australian Dollars | 1,080,000 | Deutsche Bank | 890 |
3/20/24 | U.S. Dollars | 276,844 | Australian Dollars | 420,000 | Morgan Stanley | 859 |
3/20/24 | U.S. Dollars | 262,235 | Singapore Dollars | 350,000 | Morgan Stanley | 758 |
3/20/24 | U.S. Dollars | 104,466 | Mexican Pesos | 1,800,000 | Deutsche Bank | 740 |
3/20/24 | U.S. Dollars | 389,175 | Singapore Dollars | 520,000 | JPMorgan Chase | 699 |
3/20/24 | U.S. Dollars | 51,129 | Hungarian Forints | 18,000,000 | Goldman Sachs | 691 |
3/21/24 | Japanese Yen | 44,000,000 | U.S. Dollars | 300,653 | Barclays | 683 |
3/20/24 | Thai Baht | 5,600,000 | U.S. Dollars | 157,774 | Barclays | 681 |
3/20/24 | U.S. Dollars | 70,581 | Swiss Francs | 60,000 | Citibank | 680 |
3/20/24 | Mexican Pesos | 800,000 | U.S. Dollars | 45,459 | Bank of America | 641 |
3/20/24 | U.S. Dollars | 114,852 | Norwegian Kroner | 1,200,000 | Morgan Stanley | 620 |
3/21/24 | Japanese Yen | 20,000,000 | U.S. Dollars | 136,374 | Goldman Sachs | 597 |
3/20/24 | U.S. Dollars | 127,357 | British Pounds | 100,000 | Barclays | 577 |
3/20/24 | Thai Baht | 7,200,000 | U.S. Dollars | 203,154 | Goldman Sachs | 576 |
3/20/24 | U.S. Dollars | 37,999 | Polish Zloty | 150,000 | Goldman Sachs | 560 |
3/21/24 | Japanese Yen | 16,000,000 | U.S. Dollars | 109,019 | Morgan Stanley | 557 |
3/20/24 | U.S. Dollars | 53,143 | South Korean Won | 70,000,000 | Morgan Stanley | 546 |
3/20/24 | U.S. Dollars | 25,853 | Indonesian Rupiahs | 400,000,000 | JPMorgan Chase | 515 |
3/20/24 | U.S. Dollars | 104,402 | New Zealand Dollars | 170,000 | Deutsche Bank | 483 |
3/20/24 | Swiss Francs | 30,000 | U.S. Dollars | 34,476 | Morgan Stanley | 475 |
3/20/24 | U.S. Dollars | 32,958 | Euro | 30,000 | JPMorgan Chase | 470 |
3/20/24 | U.S. Dollars | 226,641 | New Zealand Dollars | 370,000 | Morgan Stanley | 464 |
3/20/24 | Swedish Kronor | 2,345,316 | U.S. Dollars | 225,352 | Goldman Sachs | 461 |
3/20/24 | British Pounds | 50,000 | U.S. Dollars | 62,949 | Barclays | 440 |
3/20/24 | U.S. Dollars | 30,658 | Philippine Pesos | 1,700,000 | Goldman Sachs | 439 |
3/20/24 | U.S. Dollars | 40,037 | Thai Baht | 1,400,000 | Barclays | 423 |
3/20/24 | Swiss Francs | 50,000 | U.S. Dollars | 57,847 | JPMorgan Chase | 403 |
3/20/24 | U.S. Dollars | 54,646 | Brazilian Reals | 270,000 | Goldman Sachs | 402 |
3/20/24 | U.S. Dollars | 83,660 | Mexican Pesos | 1,445,000 | Goldman Sachs | 391 |
3/20/24 | South Korean Won | 159,415,170 | U.S. Dollars | 119,401 | Bank of America | 381 |
3/15/24 | U.S. Dollars | 39,563 | Euro | 36,190 | Morgan Stanley | 380 |
3/20/24 | U.S. Dollars | 24,445 | Indonesian Rupiahs | 380,000,000 | Goldman Sachs | 374 |
3/20/24 | U.S. Dollars | 50,287 | Polish Zloty | 200,000 | Morgan Stanley | 369 |
3/21/24 | Japanese Yen | 14,000,000 | U.S. Dollars | 95,529 | JPMorgan Chase | 350 |
3/20/24 | U.S. Dollars | 52,407 | Canadian Dollars | 70,000 | Morgan Stanley | 309 |
3/20/24 | U.S. Dollars | 22,844 | South Korean Won | 30,000,000 | Citibank | 303 |
3/21/24 | Japanese Yen | 12,000,000 | U.S. Dollars | 81,888 | Citibank | 294 |
3/20/24 | U.S. Dollars | 40,628 | Mexican Pesos | 700,000 | Morgan Stanley | 290 |
3/20/24 | U.S. Dollars | 48,161 | South African Rand | 900,000 | Morgan Stanley | 289 |
3/20/24 | U.S. Dollars | 76,356 | British Pounds | 60,000 | JPMorgan Chase | 288 |
3/20/24 | Mexican Pesos | 500,000 | U.S. Dollars | 28,527 | JPMorgan Chase | 286 |
211
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | U.S. Dollars | 33,908 | Hungarian Forints | 12,000,000 | Deutsche Bank | $282 |
3/20/24 | U.S. Dollars | 25,159 | Philippine Pesos | 1,400,000 | Barclays | 272 |
3/20/24 | U.S. Dollars | 95,906 | Czech Republic Koruna | 2,200,000 | Goldman Sachs | 263 |
3/20/24 | South Korean Won | 135,584,830 | U.S. Dollars | 101,615 | Barclays | 261 |
3/20/24 | U.S. Dollars | 21,977 | Czech Republic Koruna | 500,000 | Citibank | 239 |
3/20/24 | Hungarian Forints | 78,000,000 | U.S. Dollars | 218,329 | JPMorgan Chase | 235 |
3/20/24 | U.S. Dollars | 9,852 | Swedish Kronor | 100,000 | Bank of America | 224 |
3/20/24 | U.S. Dollars | 21,646 | Chilean Pesos | 20,000,000 | Barclays | 215 |
3/20/24 | U.S. Dollars | 11,724 | Mexican Pesos | 200,000 | Barclays | 199 |
3/20/24 | U.S. Dollars | 38,755 | Taiwan Dollars | 1,200,000 | Bank of America | 166 |
3/20/24 | U.S. Dollars | 28,600 | Philippine Pesos | 1,600,000 | JPMorgan Chase | 158 |
3/20/24 | Hungarian Forints | 27,000,000 | U.S. Dollars | 75,503 | Deutsche Bank | 154 |
3/20/24 | U.S. Dollars | 82,010 | Canadian Dollars | 110,000 | Citibank | 141 |
3/20/24 | U.S. Dollars | 56,487 | Hong Kong Dollars | 440,000 | JPMorgan Chase | 132 |
3/20/24 | U.S. Dollars | 119,194 | Canadian Dollars | 160,000 | Barclays | 111 |
3/21/24 | Japanese Yen | 4,000,000 | U.S. Dollars | 27,290 | Bank of America | 104 |
3/20/24 | Polish Zloty | 100,000 | U.S. Dollars | 24,858 | Barclays | 101 |
3/20/24 | U.S. Dollars | 22,424 | Canadian Dollars | 30,000 | Deutsche Bank | 96 |
3/20/24 | Brazilian Reals | 40,000 | U.S. Dollars | 7,956 | Barclays | 81 |
3/20/24 | Hungarian Forints | 11,000,000 | U.S. Dollars | 30,745 | Morgan Stanley | 78 |
3/20/24 | Singapore Dollars | 50,000 | U.S. Dollars | 37,302 | Barclays | 51 |
3/15/24 | U.S. Dollars | 58,613 | New Zealand Dollars | 95,800 | Morgan Stanley | 51 |
3/20/24 | U.S. Dollars | 96,520 | Taiwan Dollars | 3,000,000 | Morgan Stanley | 46 |
3/20/24 | Mexican Pesos | 400,000 | U.S. Dollars | 23,007 | Goldman Sachs | 44 |
3/20/24 | Taiwan Dollars | 2,900,000 | U.S. Dollars | 93,216 | Morgan Stanley | 42 |
3/20/24 | British Pounds | 90,000 | U.S. Dollars | 114,060 | Goldman Sachs | 41 |
3/20/24 | Indian Rupees | 7,000,000 | U.S. Dollars | 84,055 | Deutsche Bank | 28 |
3/20/24 | U.S. Dollars | 42,575 | South African Rand | 800,000 | Goldman Sachs | 22 |
3/20/24 | Canadian Dollars | 110,000 | U.S. Dollars | 81,850 | JPMorgan Chase | 20 |
3/20/24 | U.S. Dollars | 26,681 | Philippine Pesos | 1,500,000 | Citibank | 17 |
3/20/24 | Swedish Kronor | 54,684 | U.S. Dollars | 5,252 | Bank of America | 13 |
3/20/24 | Canadian Dollars | 60,000 | U.S. Dollars | 44,649 | Morgan Stanley | 7 |
Total Unrealized Appreciation | $228,382 | |||||
3/20/24 | U.S. Dollars | 37,901 | Euro | 35,000 | Goldman Sachs | $(3) |
3/20/24 | U.S. Dollars | 21,503 | Philippine Pesos | 1,209,863 | Bank of America | (4) |
3/20/24 | U.S. Dollars | 23,552 | Australian Dollars | 35,854 | Barclays | (7) |
3/20/24 | Indian Rupees | 4,200,000 | U.S. Dollars | 50,458 | Goldman Sachs | (8) |
3/20/24 | U.S. Dollars | 42,030 | Indian Rupees | 3,500,000 | Morgan Stanley | (11) |
3/20/24 | U.S. Dollars | 52,283 | Singapore Dollars | 70,000 | Morgan Stanley | (11) |
212
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | U.S. Dollars | 18,322 | New Zealand Dollars | 30,000 | Barclays | $(17) |
3/20/24 | U.S. Dollars | 19,021 | Norwegian Kroner | 200,000 | JPMorgan Chase | (17) |
3/20/24 | U.S. Dollars | 7,418 | Canadian Dollars | 10,000 | Morgan Stanley | (25) |
3/20/24 | U.S. Dollars | 34,919 | Swiss Francs | 30,000 | Citibank | (32) |
3/20/24 | South African Rand | 400,000 | U.S. Dollars | 21,314 | Morgan Stanley | (38) |
3/20/24 | U.S. Dollars | 54,977 | New Zealand Dollars | 90,000 | Deutsche Bank | (39) |
3/20/24 | U.S. Dollars | 36,386 | Hungarian Forints | 13,000,000 | Goldman Sachs | (41) |
3/20/24 | Singapore Dollars | 80,000 | U.S. Dollars | 59,812 | Goldman Sachs | (46) |
3/20/24 | Australian Dollars | 180,000 | U.S. Dollars | 118,328 | Barclays | (50) |
3/20/24 | U.S. Dollars | 76,386 | Philippine Pesos | 4,300,000 | Goldman Sachs | (52) |
3/20/24 | U.S. Dollars | 50,172 | Brazilian Reals | 250,000 | Goldman Sachs | (55) |
3/20/24 | Hungarian Forints | 17,000,000 | U.S. Dollars | 47,694 | Morgan Stanley | (58) |
3/20/24 | U.S. Dollars | 11,463 | Mexican Pesos | 200,000 | Goldman Sachs | (62) |
3/20/24 | U.S. Dollars | 76,807 | Indian Rupees | 6,400,000 | Barclays | (70) |
3/20/24 | U.S. Dollars | 52,522 | South Korean Won | 70,000,000 | Barclays | (75) |
3/20/24 | U.S. Dollars | 64,896 | Euro | 60,000 | Morgan Stanley | (81) |
3/20/24 | U.S. Dollars | 27,935 | Hungarian Forints | 10,000,000 | Morgan Stanley | (86) |
3/20/24 | U.S. Dollars | 28,179 | Philippine Pesos | 1,590,137 | Citibank | (88) |
3/20/24 | British Pounds | 40,000 | U.S. Dollars | 50,811 | JPMorgan Chase | (99) |
3/20/24 | U.S. Dollars | 88,634 | British Pounds | 70,000 | Barclays | (111) |
3/20/24 | Thai Baht | 2,300,000 | U.S. Dollars | 65,206 | Goldman Sachs | (126) |
3/20/24 | U.S. Dollars | 48,009 | Swedish Kronor | 500,000 | Morgan Stanley | (132) |
3/20/24 | U.S. Dollars | 70,611 | Taiwan Dollars | 2,200,000 | Bank of America | (137) |
3/20/24 | Indonesian Rupiahs | 310,000,000 | U.S. Dollars | 19,777 | Goldman Sachs | (139) |
3/20/24 | U.S. Dollars | 33,469 | Indian Rupees | 2,800,000 | Goldman Sachs | (165) |
3/20/24 | Hungarian Forints | 32,000,000 | U.S. Dollars | 89,833 | JPMorgan Chase | (166) |
3/20/24 | U.S. Dollars | 179,977 | Australian Dollars | 274,147 | Goldman Sachs | (167) |
3/20/24 | U.S. Dollars | 51,114 | Indonesian Rupiahs | 810,000,000 | Deutsche Bank | (196) |
3/20/24 | Norwegian Kroner | 400,000 | U.S. Dollars | 38,277 | Citibank | (200) |
3/20/24 | Canadian Dollars | 260,000 | U.S. Dollars | 193,711 | Goldman Sachs | (201) |
3/20/24 | U.S. Dollars | 24,753 | Polish Zloty | 100,000 | Citibank | (206) |
3/20/24 | U.S. Dollars | 89,104 | Canadian Dollars | 120,000 | JPMorgan Chase | (209) |
3/20/24 | Canadian Dollars | 110,000 | U.S. Dollars | 82,082 | Deutsche Bank | (212) |
3/20/24 | U.S. Dollars | 80,144 | Brazilian Reals | 400,000 | Citibank | (218) |
3/20/24 | Canadian Dollars | 60,000 | U.S. Dollars | 44,880 | Citibank | (224) |
3/20/24 | U.S. Dollars | 48,676 | New Zealand Dollars | 80,000 | JPMorgan Chase | (227) |
3/20/24 | Taiwan Dollars | 700,000 | U.S. Dollars | 22,744 | Barclays | (234) |
3/20/24 | Indian Rupees | 11,900,000 | U.S. Dollars | 143,179 | Bank of America | (238) |
3/20/24 | Brazilian Reals | 180,000 | U.S. Dollars | 36,403 | Citibank | (240) |
3/20/24 | Polish Zloty | 150,000 | U.S. Dollars | 37,681 | Goldman Sachs | (242) |
3/20/24 | Chilean Pesos | 23,000,000 | U.S. Dollars | 24,889 | Goldman Sachs | (244) |
3/15/24 | U.S. Dollars | 542,677 | Euro | 501,440 | Morgan Stanley | (248) |
3/20/24 | U.S. Dollars | 25,201 | Colombian Pesos | 100,000,000 | Goldman Sachs | (251) |
213
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | Taiwan Dollars | 1,900,000 | U.S. Dollars | 61,358 | Goldman Sachs | $(257) |
3/20/24 | New Zealand Dollars | 250,000 | U.S. Dollars | 153,091 | Goldman Sachs | (270) |
3/20/24 | U.S. Dollars | 26,325 | South African Rand | 500,000 | Deutsche Bank | (271) |
3/20/24 | U.S. Dollars | 17,539 | Colombian Pesos | 70,000,000 | Citibank | (277) |
3/20/24 | Swedish Kronor | 300,000 | U.S. Dollars | 29,164 | Goldman Sachs | (280) |
3/20/24 | Indonesian Rupiahs | 370,000,000 | U.S. Dollars | 23,728 | Bank of America | (290) |
3/20/24 | U.S. Dollars | 62,096 | Polish Zloty | 250,000 | JPMorgan Chase | (303) |
3/20/24 | Mexican Pesos | 2,100,000 | U.S. Dollars | 121,334 | Morgan Stanley | (319) |
3/20/24 | Colombian Pesos | 100,000,000 | U.S. Dollars | 25,773 | Morgan Stanley | (322) |
3/20/24 | U.S. Dollars | 76,112 | Philippine Pesos | 4,300,000 | JPMorgan Chase | (326) |
3/20/24 | U.S. Dollars | 27,693 | Hungarian Forints | 10,000,000 | Citibank | (328) |
3/20/24 | Hungarian Forints | 16,000,000 | U.S. Dollars | 45,174 | Goldman Sachs | (340) |
3/20/24 | U.S. Dollars | 152,453 | New Zealand Dollars | 250,000 | Citibank | (369) |
3/20/24 | U.S. Dollars | 22,678 | Mexican Pesos | 400,000 | Morgan Stanley | (373) |
3/20/24 | U.S. Dollars | 54,286 | Taiwan Dollars | 1,700,000 | Morgan Stanley | (383) |
3/20/24 | U.S. Dollars | 62,003 | Polish Zloty | 250,000 | Deutsche Bank | (395) |
3/20/24 | U.S. Dollars | 57,342 | Swedish Kronor | 600,000 | Goldman Sachs | (427) |
3/20/24 | Chilean Pesos | 21,000,000 | U.S. Dollars | 22,939 | Bank of America | (437) |
3/20/24 | U.S. Dollars | 76,742 | Taiwan Dollars | 2,400,000 | Deutsche Bank | (438) |
3/20/24 | U.S. Dollars | 177,808 | Thai Baht | 6,300,000 | Goldman Sachs | (454) |
3/20/24 | U.S. Dollars | 28,070 | Norwegian Kroner | 300,000 | Morgan Stanley | (488) |
3/20/24 | Czech Republic Koruna | 1,100,000 | U.S. Dollars | 48,327 | Bank of America | (505) |
3/20/24 | U.S. Dollars | 96,781 | Indian Rupees | 8,100,000 | Bank of America | (515) |
3/20/24 | U.S. Dollars | 136,757 | Polish Zloty | 550,000 | Goldman Sachs | (519) |
3/20/24 | Philippine Pesos | 3,300,000 | U.S. Dollars | 59,221 | Bank of America | (560) |
3/20/24 | U.S. Dollars | 115,934 | Swiss Francs | 100,000 | Barclays | (567) |
3/20/24 | Czech Republic Koruna | 2,200,000 | U.S. Dollars | 96,223 | Barclays | (580) |
3/20/24 | Singapore Dollars | 110,000 | U.S. Dollars | 82,770 | Morgan Stanley | (592) |
3/20/24 | British Pounds | 90,000 | U.S. Dollars | 114,694 | Goldman Sachs | (593) |
3/20/24 | Philippine Pesos | 2,000,000 | U.S. Dollars | 36,155 | JPMorgan Chase | (602) |
3/21/24 | Japanese Yen | 3,000,000 | U.S. Dollars | 21,170 | Deutsche Bank | (624) |
3/20/24 | British Pounds | 80,000 | U.S. Dollars | 102,063 | Deutsche Bank | (639) |
3/20/24 | U.S. Dollars | 201,549 | Swedish Kronor | 2,100,000 | Deutsche Bank | (642) |
3/20/24 | Taiwan Dollars | 2,600,000 | U.S. Dollars | 84,280 | Deutsche Bank | (668) |
3/20/24 | Thai Baht | 1,100,000 | U.S. Dollars | 31,799 | JPMorgan Chase | (674) |
3/20/24 | Euro | 170,000 | U.S. Dollars | 184,780 | Goldman Sachs | (677) |
3/20/24 | U.S. Dollars | 159,021 | Indian Rupees | 13,300,000 | Citibank | (739) |
3/20/24 | Canadian Dollars | 180,000 | U.S. Dollars | 134,712 | Bank of America | (744) |
3/20/24 | Mexican Pesos | 2,600,000 | U.S. Dollars | 150,656 | Barclays | (828) |
3/20/24 | Australian Dollars | 150,000 | U.S. Dollars | 99,412 | JPMorgan Chase | (845) |
3/20/24 | British Pounds | 240,000 | U.S. Dollars | 305,135 | Barclays | (865) |
214
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | U.S. Dollars | 85,660 | Colombian Pesos | 340,000,000 | JPMorgan Chase | $(875) |
3/21/24 | Japanese Yen | 19,000,000 | U.S. Dollars | 131,064 | Barclays | (941) |
3/20/24 | Euro | 120,000 | U.S. Dollars | 130,919 | Barclays | (964) |
3/20/24 | Philippine Pesos | 4,200,000 | U.S. Dollars | 75,626 | Morgan Stanley | (966) |
3/20/24 | U.S. Dollars | 278,616 | Swiss Francs | 240,000 | Morgan Stanley | (987) |
3/21/24 | Japanese Yen | 8,000,000 | U.S. Dollars | 55,784 | Goldman Sachs | (996) |
3/20/24 | Swiss Francs | 60,000 | U.S. Dollars | 70,936 | Deutsche Bank | (1,035) |
3/20/24 | Brazilian Reals | 3,430,000 | U.S. Dollars | 690,185 | Morgan Stanley | (1,078) |
3/20/24 | U.S. Dollars | 137,207 | South African Rand | 2,600,000 | Morgan Stanley | (1,090) |
3/20/24 | U.S. Dollars | 59,546 | South African Rand | 1,140,000 | JPMorgan Chase | (1,092) |
3/20/24 | U.S. Dollars | 702,814 | Euro | 650,000 | Deutsche Bank | (1,109) |
3/20/24 | New Zealand Dollars | 90,000 | U.S. Dollars | 56,146 | Citibank | (1,130) |
3/20/24 | U.S. Dollars | 154,405 | Mexican Pesos | 2,700,000 | JPMorgan Chase | (1,185) |
3/20/24 | U.S. Dollars | 92,399 | South African Rand | 1,760,000 | Goldman Sachs | (1,218) |
3/20/24 | South Korean Won | 55,000,000 | U.S. Dollars | 42,552 | Deutsche Bank | (1,226) |
3/15/24 | New Zealand Dollars | 95,800 | U.S. Dollars | 59,921 | Morgan Stanley | (1,360) |
3/20/24 | South Korean Won | 90,000,000 | U.S. Dollars | 68,984 | Goldman Sachs | (1,360) |
3/20/24 | Czech Republic Koruna | 3,000,000 | U.S. Dollars | 131,855 | Goldman Sachs | (1,433) |
3/20/24 | U.S. Dollars | 198,234 | Polish Zloty | 800,000 | Morgan Stanley | (1,441) |
3/20/24 | Thai Baht | 2,200,000 | U.S. Dollars | 63,707 | Citibank | (1,457) |
3/20/24 | Indonesian Rupiahs | 1,430,000,000 | U.S. Dollars | 92,071 | Deutsche Bank | (1,487) |
3/20/24 | Canadian Dollars | 400,000 | U.S. Dollars | 299,262 | JPMorgan Chase | (1,556) |
3/20/24 | Polish Zloty | 400,000 | U.S. Dollars | 101,478 | Barclays | (1,640) |
3/20/24 | Australian Dollars | 120,000 | U.S. Dollars | 80,567 | Morgan Stanley | (1,715) |
3/20/24 | U.S. Dollars | 176,886 | Canadian Dollars | 240,000 | Citibank | (1,738) |
3/20/24 | Indonesian Rupiahs | 2,415,192,387 | U.S. Dollars | 154,803 | JPMorgan Chase | (1,810) |
3/20/24 | Canadian Dollars | 130,000 | U.S. Dollars | 98,569 | Morgan Stanley | (1,814) |
3/20/24 | U.S. Dollars | 405,915 | Swiss Francs | 350,000 | Goldman Sachs | (1,841) |
3/20/24 | Euro | 350,000 | U.S. Dollars | 380,934 | JPMorgan Chase | (1,899) |
3/20/24 | Singapore Dollars | 2,000,000 | U.S. Dollars | 1,496,063 | JPMorgan Chase | (1,923) |
3/20/24 | Polish Zloty | 1,050,000 | U.S. Dollars | 264,011 | Deutsche Bank | (1,937) |
3/20/24 | South Korean Won | 145,000,000 | U.S. Dollars | 110,987 | Morgan Stanley | (2,035) |
3/20/24 | Taiwan Dollars | 6,300,000 | U.S. Dollars | 204,701 | Bank of America | (2,105) |
3/20/24 | U.S. Dollars | 310,314 | Canadian Dollars | 420,000 | Goldman Sachs | (2,278) |
3/20/24 | South Korean Won | 200,000,000 | U.S. Dollars | 152,561 | JPMorgan Chase | (2,283) |
3/21/24 | Japanese Yen | 8,000,000 | U.S. Dollars | 57,322 | JPMorgan Chase | (2,534) |
3/20/24 | Thai Baht | 2,800,000 | U.S. Dollars | 81,877 | Barclays | (2,650) |
3/20/24 | Swedish Kronor | 1,100,000 | U.S. Dollars | 108,648 | Morgan Stanley | (2,739) |
3/20/24 | British Pounds | 730,000 | U.S. Dollars | 928,344 | Morgan Stanley | (2,856) |
3/20/24 | Chilean Pesos | 54,000,000 | U.S. Dollars | 60,811 | Citibank | (2,949) |
3/20/24 | Chilean Pesos | 45,000,000 | U.S. Dollars | 51,239 | JPMorgan Chase | (3,021) |
3/20/24 | Australian Dollars | 350,000 | U.S. Dollars | 233,320 | Goldman Sachs | (3,335) |
215
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Forward Foreign Currency Exchange Contracts outstanding at January 31, 2024: (continued) | ||||||
Settlement Date | Currency Purchased | Amount of Currency Purchased | Currency Sold | Amount of Currency Sold | Counterparty | Unrealized Appreciation (Depreciation) |
3/20/24 | New Zealand Dollars | 160,000 | U.S. Dollars | 101,290 | Barclays | $(3,484) |
3/21/24 | Japanese Yen | 17,000,000 | U.S. Dollars | 119,947 | Morgan Stanley | (3,523) |
3/20/24 | Euro | 420,000 | U.S. Dollars | 458,463 | Morgan Stanley | (3,621) |
3/20/24 | Brazilian Reals | 1,670,000 | U.S. Dollars | 339,189 | Goldman Sachs | (3,675) |
3/20/24 | Singapore Dollars | 540,000 | U.S. Dollars | 407,308 | Barclays | (3,889) |
3/20/24 | Indonesian Rupiahs | 5,674,807,613 | U.S. Dollars | 363,481 | Barclays | (4,004) |
3/20/24 | Czech Republic Koruna | 3,800,000 | U.S. Dollars | 169,233 | Morgan Stanley | (4,030) |
3/15/24 | British Pounds | 1,166,900 | U.S. Dollars | 1,485,058 | Morgan Stanley | (5,728) |
3/20/24 | Australian Dollars | 350,000 | U.S. Dollars | 236,292 | Bank of America | (6,305) |
3/20/24 | Chilean Pesos | 130,780,000 | U.S. Dollars | 146,856 | Morgan Stanley | (6,724) |
3/20/24 | U.S. Dollars | 183,529 | Norwegian Kroner | 2,000,000 | Deutsche Bank | (6,858) |
3/20/24 | Norwegian Kroner | 4,800,000 | U.S. Dollars | 464,116 | Goldman Sachs | (7,190) |
3/20/24 | Swedish Kronor | 4,200,000 | U.S. Dollars | 411,626 | Deutsche Bank | (7,242) |
3/20/24 | Norwegian Kroner | 3,800,000 | U.S. Dollars | 369,093 | Deutsche Bank | (7,357) |
3/20/24 | Norwegian Kroner | 4,600,000 | U.S. Dollars | 446,935 | Morgan Stanley | (9,045) |
3/20/24 | New Zealand Dollars | 650,000 | U.S. Dollars | 408,321 | Morgan Stanley | (10,986) |
3/20/24 | South Korean Won | 1,045,000,000 | U.S. Dollars | 796,921 | Citibank | (11,724) |
3/20/24 | U.S. Dollars | 1,344,515 | British Pounds | 1,070,000 | Morgan Stanley | (12,021) |
3/20/24 | U.S. Dollars | 1,311,157 | Canadian Dollars | 1,780,000 | Deutsche Bank | (13,640) |
3/20/24 | U.S. Dollars | 486,586 | Norwegian Kroner | 5,300,000 | Goldman Sachs | (17,938) |
3/15/24 | U.S. Dollars | 3,073,770 | British Pounds | 2,448,500 | Morgan Stanley | (30,300) |
3/15/24 | U.S. Dollars | 1,842,726 | Norwegian Kroner | 20,198,400 | Morgan Stanley | (79,819) |
Total Unrealized Depreciation | $(356,324) | |||||
Net Unrealized Depreciation | $(127,942) |
Long Contracts for Difference at January 31, 2024: Over the Counter | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Aflac, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 351 | Monthly | $29,590 | $(89) |
Agilent Technologies, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,097 | Monthly | 272,606 | (5,258) |
Alexandria Real Estate Equities, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 689 | Monthly | 83,126 | (4,074) |
Allstate Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 539 | Monthly | 83,590 | (165) |
Allstate Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,295 | Monthly | 355,604 | 7,912 |
Altria Group, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 15,393 | Monthly | 616,316 | (14,167) |
American Airlines Group, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 10,162 | Monthly | 144,493 | 473 |
American Electric Power Co., Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 24 | Monthly | 1,873 | 19 |
216
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Long Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
American Express Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,785 | Monthly | $357,990 | $27,391 |
American International Group, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 4,268 | Monthly | 296,336 | 734 |
American International Group, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 5,139 | Monthly | 356,522 | 11,078 |
American Tower Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 197 | Monthly | 38,543 | 7 |
American Water Works Company, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,557 | Monthly | 192,694 | (10,355) |
Amgen, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 264 | Monthly | 82,896 | 759 |
Antero Resources Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,236 | Monthly | 27,513 | 766 |
Anthem, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 94 | Monthly | 46,327 | 1,782 |
Aon PLC, Class A | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 939 | Monthly | 279,663 | (2,338) |
Apache Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 10,994 | Monthly | 343,767 | 335 |
Applied Materials, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 87 | Monthly | 14,005 | 628 |
AT&T, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 32,139 | Monthly | 567,512 | 38,438 |
Atmos Energy Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 600 | Monthly | 68,291 | 407 |
AutoZone, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 97 | Monthly | 267,606 | (1,180) |
AvalonBay Communities, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 202 | Monthly | 36,121 | (486) |
Baker Hughes Co., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | 4,857 | Monthly | 138,296 | (10,205) |
Becton Dickinson and Company | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 967 | Monthly | 230,161 | (9,394) |
Best Buy Co., Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,187 | Monthly | 158,028 | (6,281) |
Block, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,450 | Monthly | 94,242 | 1,622 |
Booking Holdings, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 60 | Monthly | 210,264 | (637) |
BorgWarner, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 919 | Monthly | 31,121 | 592 |
Bristol-Myers Squibb Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 6,744 | Monthly | 329,221 | (5,079) |
Builders FirstSource, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 1,687 | Monthly | 292,196 | 15,730 |
Bunge Ltd. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,924 | Monthly | 169,321 | (5,752) |
Caesars Entertainment, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 710 | Monthly | 31,143 | (375) |
Camden Property Trust REIT | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,956 | Monthly | 276,448 | (16,935) |
Cardinal Health, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,436 | Monthly | 374,447 | 8,925 |
Carnival Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 17,223 | Monthly | 284,597 | (14,222) |
Carnival Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 20,716 | Monthly | 343,102 | (1,612) |
Carrier Global Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,987 | Monthly | 217,772 | (4,976) |
Caterpillar, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,008 | Monthly | 302,401 | 11,421 |
Caterpillar, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,201 | Monthly | 359,983 | 15,020 |
CF Industries Holdings, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,657 | Monthly | 275,588 | (2,651) |
CH Robinson Worldwide, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,566 | Monthly | 299,254 | (6,745) |
Chubb Limited | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,522 | Monthly | 372,198 | 25,593 |
Cigna Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 995 | Monthly | 298,835 | (6,570) |
Cisco Systems, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 6,980 | Monthly | 349,551 | (3,567) |
Cleveland Cliffs, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 18,548 | Monthly | 370,759 | 13,853 |
Cleveland Cliffs, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 15,171 | Monthly | 303,896 | 29,191 |
Clorox (The) Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 706 | Monthly | 102,439 | 1,664 |
217
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Long Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
CME Group, Inc., Class A | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,429 | Monthly | $293,579 | $9,779 |
Colgate-Palmolive Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 3,151 | Monthly | 265,043 | 11,639 |
Conagra Brands, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,445 | Monthly | 70,977 | 732 |
ConocoPhillips | U.S. Fed Funds | 1/24/2025 | Barclays | 3,046 | Monthly | 340,403 | 11,253 |
Crocs, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,888 | Monthly | 292,758 | (2,078) |
CSX Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 1,164 | Monthly | 41,425 | 1,046 |
CSX Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 10,322 | Monthly | 367,779 | 9,193 |
CVS Health Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 511 | Monthly | 37,810 | (3,418) |
D.R. Horton, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,523 | Monthly | 217,433 | (15,596) |
Darden Restaurants, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,994 | Monthly | 323,849 | 1,620 |
DaVita, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,390 | Monthly | 365,477 | (3,389) |
DaVita, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,666 | Monthly | 288,056 | 9,112 |
Deere & Co. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 623 | Monthly | 244,343 | (3,598) |
Dell Technologies, Inc., Class C | U.S. Fed Funds | 1/24/2025 | Barclays | 4,343 | Monthly | 359,570 | 7,179 |
Dell Technologies, Inc., Class C | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,611 | Monthly | 298,706 | 11,560 |
Delta Air Lines, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 8,974 | Monthly | 350,889 | 18,553 |
Devon Energy Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 6,584 | Monthly | 275,715 | (22,939) |
Devon Energy Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 7,814 | Monthly | 328,000 | 6,219 |
Discovery Incment, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 4,909 | Monthly | 49,087 | (1,721) |
Dominion Energy, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 4,168 | Monthly | 189,744 | (14,529) |
Dominion Energy, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,975 | Monthly | 135,878 | 2,074 |
Dow, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 247 | Monthly | 13,193 | (37) |
Duke Energy Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,182 | Monthly | 112,694 | (3,177) |
DuPont de Nemours, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 4,386 | Monthly | 270,075 | (60,624) |
Ebay, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 6,744 | Monthly | 276,428 | 1,947 |
Elastic N.V. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,417 | Monthly | 165,658 | (8,945) |
Energy, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 5,632 | Monthly | 285,342 | (12,365) |
EOG Resources, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 241 | Monthly | 27,383 | 781 |
EQT Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 3,559 | Monthly | 125,835 | (83) |
Eversource Energy | U.S. Fed Funds | 1/24/2025 | Barclays | 4,600 | Monthly | 249,152 | 6,364 |
Exelon Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 10,762 | Monthly | 373,883 | (9,996) |
Expedia Group, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | 1,435 | Monthly | 212,465 | (852) |
Factset Research Systems, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 39 | Monthly | 18,525 | 498 |
FedEx Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 1,375 | Monthly | 330,675 | (11,136) |
FedEx Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 477 | Monthly | 114,933 | (2,238) |
Flex Ltd. | U.S. Fed Funds | 1/24/2025 | Barclays | 5,980 | Monthly | 141,824 | 3,377 |
Ford Motor Co. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 29,906 | Monthly | 349,814 | 7,091 |
Fortune Brands Home & Security, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,878 | Monthly | 145,425 | 575 |
Fox Corp., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | 9,307 | Monthly | 300,304 | 9,274 |
Freeport-McMoRan, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 5,321 | Monthly | 210,979 | 11,184 |
Gap (The), Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 15,197 | Monthly | 283,723 | (4,564) |
Gap (The), Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 18,281 | Monthly | 340,970 | (20,322) |
218
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Long Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
General Electric Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,234 | Monthly | $295,512 | $2,344 |
General Electric Co. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 325 | Monthly | 42,953 | 1,363 |
H&R Block, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 7,242 | Monthly | 338,555 | 7,958 |
Halliburton Co. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 17,843 | Monthly | 634,886 | 37,045 |
Hartford Financial Services Group (The), Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,200 | Monthly | 190,732 | 10,310 |
Hartford Financial Services Group (The), Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 4,283 | Monthly | 371,744 | 18,354 |
Healthpeak Properties, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 13,888 | Monthly | 256,635 | (17,098) |
Hewlett Packard Enterprise Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 837 | Monthly | 12,784 | (190) |
HF Sinclair Corporation | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 5,206 | Monthly | 293,533 | 16,366 |
Home Depot (The), Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 997 | Monthly | 351,520 | (4,100) |
Honeywell International, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,803 | Monthly | 364,286 | 1,811 |
Hormel Foods Corp | U.S. Fed Funds | 1/24/2025 | Barclays | 2,641 | Monthly | 80,044 | (110) |
HP, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 9,431 | Monthly | 269,779 | (22,582) |
HP, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 9,344 | Monthly | 267,837 | (5,292) |
Humana, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 218 | Monthly | 82,117 | (7,187) |
International Business Machines Corp. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | 1,894 | Monthly | 347,501 | 20,161 |
International Paper Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 9,062 | Monthly | 324,339 | (5,065) |
Jabil, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 625 | Monthly | 78,238 | 792 |
Johnson & Johnson | U.S. Fed Funds | 1/24/2025 | Barclays | 2,274 | Monthly | 360,943 | (8,514) |
Johnson Controls International PLC | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,960 | Monthly | 207,802 | (18,710) |
Kimberly-Clarke Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,411 | Monthly | 291,343 | (3,619) |
Kinder Morgan, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 1,463 | Monthly | 24,669 | (1,826) |
KLA Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 482 | Monthly | 286,005 | (14,329) |
Kohls Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 9,865 | Monthly | 253,847 | (3,235) |
Kohls Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 8,784 | Monthly | 225,844 | 1,560 |
L Brands, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 8,233 | Monthly | 350,065 | (24,237) |
L Brands, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 6,581 | Monthly | 280,178 | (3,726) |
Laboratory Corporation of America Holdings | U.S. Fed Funds | 1/24/2025 | Barclays | 743 | Monthly | 165,086 | (2,345) |
Lam Research Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 347 | Monthly | 286,024 | (3,214) |
Las Vegas Sands Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,777 | Monthly | 135,693 | 2,591 |
Lear Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,281 | Monthly | 170,081 | 2,340 |
Lennox International, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 34 | Monthly | 14,541 | (917) |
Lockheed Martin Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,086 | Monthly | 465,889 | (27,372) |
Lowe's Cos., Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,556 | Monthly | 330,812 | (11,290) |
Macys, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 7,158 | Monthly | 130,802 | (322) |
Marathon Petroleum Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 1,768 | Monthly | 291,799 | 15,532 |
Marathon Petroleum Corp. | U.S. Fed Funds + U.S. Fed Funds | 1/24/2025 | Barclays | 12,525 | Monthly | 589,044 | 28,824 |
219
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Long Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Marsh & McLennan Cos., Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 539 | Monthly | $104,327 | $(444) |
Martin Marietta Materials, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 543 | Monthly | 275,763 | (103) |
Mcdonalds Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 685 | Monthly | 199,871 | (81) |
Mcdonalds Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 536 | Monthly | 156,727 | (3,221) |
McKesson Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 751 | Monthly | 374,267 | 16,318 |
McKesson Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 563 | Monthly | 281,219 | 7,172 |
MGM Resorts International | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 5,621 | Monthly | 243,199 | 5,599 |
Mid-America Apartment Communities, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,248 | Monthly | 283,138 | (16,948) |
Mondelez International, Inc., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | 665 | Monthly | 50,021 | 899 |
Mosaic (The) Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 8,905 | Monthly | 273,167 | (11,793) |
Motorola Solutions, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,135 | Monthly | 362,237 | (6,626) |
Murphy Oil Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 8,668 | Monthly | 334,791 | 4,020 |
Murphy Oil USA, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 756 | Monthly | 265,622 | (21,358) |
Netflix, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 627 | Monthly | 353,352 | 48,812 |
Netflix, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 522 | Monthly | 293,936 | 42,729 |
Newmont Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 9,834 | Monthly | 338,200 | (51,234) |
Newmont Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 8,176 | Monthly | 281,591 | (11,754) |
Nike, Inc., Class B | U.S. Fed Funds | 1/24/2025 | Barclays | 2,741 | Monthly | 277,998 | 2,363 |
Nordstrom, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 865 | Monthly | 15,682 | (519) |
Norfolk Southern Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,504 | Monthly | 353,414 | (7,757) |
Northrop Grumman Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,405 | Monthly | 626,382 | (43,949) |
Norwegian Cruise Line Holdings Ltd. | U.S. Fed Funds | 1/24/2025 | Barclays | 12,498 | Monthly | 222,268 | 3,326 |
NRG Energy, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | 301 | Monthly | 15,848 | 516 |
Nutrien ltd. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 5,756 | Monthly | 286,491 | 1,771 |
Occidental Petroleum Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 767 | Monthly | 44,110 | 590 |
Olin Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 4,702 | Monthly | 243,983 | (6,493) |
Omnicom Group, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,785 | Monthly | 341,106 | 6,875 |
O'Reilly Automotive, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 295 | Monthly | 301,472 | (4,130) |
Otis Worldwide Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 432 | Monthly | 38,084 | 259 |
Ovintiv, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 8,064 | Monthly | 341,718 | 8,756 |
Owens Corning | U.S. Fed Funds | 1/24/2025 | Barclays | 1,873 | Monthly | 283,506 | (5,798) |
Packaging Corp. Of America | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,150 | Monthly | 355,477 | (7,078) |
Packaging Corp. Of America | U.S. Fed Funds | 1/24/2025 | Barclays | 1,704 | Monthly | 282,358 | 789 |
Parker-Hannifin Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 602 | Monthly | 279,075 | 1,704 |
Patterson-UTI Energy, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,711 | Monthly | 30,035 | 2,139 |
PBF Energy, Inc., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | 1,515 | Monthly | 76,453 | 11,232 |
Pfizer, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,051 | Monthly | 82,621 | (905) |
Procter & Gamble (The) Co. | U.S. Fed Funds | 1/24/2025 | Barclays | 3,112 | Monthly | 488,527 | 28,386 |
Public Service Enterprise Group, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 458 | Monthly | 26,535 | 216 |
Public Storage | U.S. Fed Funds | 1/24/2025 | Barclays | 218 | Monthly | 61,667 | (2,349) |
220
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Long Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Pays Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Quest Diagnostics, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,700 | Monthly | $346,086 | $(14,226) |
Ralph Lauren Corp., Class A | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,751 | Monthly | 251,085 | 10,112 |
Range Resources Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 4,176 | Monthly | 121,023 | (3,004) |
Royal Caribbean Cruises Ltd. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,363 | Monthly | 300,962 | 1,475 |
Royal Caribbean Cruises Ltd. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,465 | Monthly | 314,025 | 3,867 |
SBA Communications Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 640 | Monthly | 143,251 | (1,410) |
Schlumberger Ltd. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,590 | Monthly | 174,542 | (254) |
Seagate Technology, LLC | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 145 | Monthly | 12,414 | (516) |
Sherwin-Williams (The) Co. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | 1,191 | Monthly | 362,124 | (4,084) |
Skyworks Solutions, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 143 | Monthly | 14,938 | 0 |
Stanley Black & Decker, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,960 | Monthly | 275,611 | (3,517) |
Starbucks Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,973 | Monthly | 276,282 | (415) |
Steel Dynamics, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 561 | Monthly | 67,638 | 2,882 |
Steris, PLC | U.S. Fed Funds | 1/24/2025 | Barclays | 2,176 | Monthly | 299,053 | (299) |
Stryker Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 223 | Monthly | 74,750 | 3,723 |
Synchrony Financial | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 7,596 | Monthly | 294,254 | (3,510) |
Sysco Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 992 | Monthly | 80,202 | 5,197 |
Target Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,144 | Monthly | 297,211 | (6,658) |
Tenet Healthcare Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,692 | Monthly | 304,535 | 11,648 |
Tenet Healthcare Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 4,168 | Monthly | 344,497 | 5,222 |
TJX (The) Cos., Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,821 | Monthly | 267,468 | (857) |
Trane Technologies PLC | U.S. Fed Funds | 1/24/2025 | Barclays | 356 | Monthly | 89,633 | (303) |
Travelers (The) Cos., Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 901 | Monthly | 190,127 | 10,470 |
Twilio Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 3,962 | Monthly | 278,334 | (14,537) |
Uber Technologies, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,213 | Monthly | 144,212 | 2,228 |
UDR, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 5,726 | Monthly | 205,494 | (15,472) |
Union Pacific Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,488 | Monthly | 362,580 | 833 |
UnitedHealth Group, Inc. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 232 | Monthly | 118,575 | (1,238) |
Valero Energy Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | 2,620 | Monthly | 363,531 | 25,237 |
Valero Energy Corp. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 2,117 | Monthly | 293,474 | 19,746 |
VeriSign, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 1,430 | Monthly | 283,834 | (5,743) |
Verisk Analytics, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 943 | Monthly | 227,526 | (2,058) |
ViacomCBS, Inc., Class B | U.S. Fed Funds + (0.25)% | 1/24/2025 | Barclays | 1,168 | Monthly | 17,024 | 964 |
Vistra Operations Co. LLC | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 2,656 | Monthly | 108,642 | 4,686 |
Vistra Operations Co. LLC | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 8,518 | Monthly | 348,825 | 13,897 |
Welltower, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | 1,463 | Monthly | 126,425 | (3,694) |
Whirlpool Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 568 | Monthly | 61,910 | (7,160) |
Willis Towers Watson, PLC | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 200 | Monthly | 49,162 | 4 |
Wynn Resorts Finance LLC/Wynn Resourts Capital Corp. | U.S. Fed Funds + 0.20% | 2/8/2024 | JPMorgan Chase | 3,095 | Monthly | 291,297 | (9,072) |
Yum Brands, Inc. | U.S. Fed Funds + 0.20% | 8/19/2026 | Goldman Sachs | 3,329 | Monthly | 430,209 | (1,928) |
Total (Cost $47,869,605) | 787,960 | $47,886,513 | $16,908 |
221
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
AbbVie, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,782) | Monthly | $(292,428) | $(4,670) |
Advanced Auto Parts, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (4,485) | Monthly | (299,558) | (6,060) |
Advanced Micro Devices, Inc. | U.S. Fed Funds + 0.05% | 1/24/2025 | Barclays | (2,074) | Monthly | (347,439) | 1,366 |
AES (The) Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (35,964) | Monthly | (597,969) | 84,733 |
Air Products & Chemicals, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,095) | Monthly | (279,726) | 6,141 |
Albemarle Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,897) | Monthly | (216,984) | 35,294 |
Ally Financial, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (9,947) | Monthly | (364,290) | (35,641) |
Amazon.com, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,611) | Monthly | (249,051) | 300 |
Amcor, PLC | U.S. Fed Funds | 1/24/2025 | Barclays | (22,678) | Monthly | (213,638) | 896 |
American Express Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (277) | Monthly | (55,514) | (5,383) |
Analog Devices, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,559) | Monthly | (299,581) | 8,026 |
Apache Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (587) | Monthly | (18,373) | (346) |
Apollo Global Management, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,039) | Monthly | (204,631) | (9,988) |
Aptiv PLC | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,922) | Monthly | (237,230) | (231) |
Aramark Services, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (12,474) | Monthly | (362,386) | (5,255) |
Arrow Electronics, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (604) | Monthly | (67,135) | 891 |
Arthur J Gallagher & Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (709) | Monthly | (164,432) | 3,969 |
Autodesk, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,072) | Monthly | (271,715) | (8,769) |
Avantor, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (12,825) | Monthly | (294,551) | (12,529) |
Avery Dennison Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (96) | Monthly | (19,034) | (277) |
Avis Budget Group, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,999) | Monthly | (326,329) | 13,878 |
Ball Corp. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | (6,109) | Monthly | (338,399) | 5,843 |
Barrick Gold Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (13,247) | Monthly | (206,448) | 73 |
Baxter International, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (7,494) | Monthly | (289,364) | 6,802 |
Baxter International, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (686) | Monthly | (26,519) | 20 |
Best Buy Co., Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (4,662) | Monthly | (337,323) | (2,311) |
Bio-rad Laboratories, Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (53) | Monthly | (16,976) | (270) |
Boeing (The) Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (72) | Monthly | (15,158) | 317 |
Boeing (The) Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,689) | Monthly | (355,818) | (16,802) |
Booz Allen Hamilton Holding Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,753) | Monthly | (246,498) | (24,445) |
BorgWarner, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (10,111) | Monthly | (342,143) | (7,368) |
Boston Scientific Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (6,046) | Monthly | (382,101) | (14,867) |
Brookfield Asset Management, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (3,535) | Monthly | (140,126) | 1,945 |
Brown & Brown, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,414) | Monthly | (264,327) | (9,813) |
Brown-Forman Corp., Class B | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (5,107) | Monthly | (279,518) | 4,891 |
Campbell Soup | U.S. Fed Funds | 1/24/2025 | Barclays | (8,243) | Monthly | (367,528) | (11,678) |
Canadian National Railway Co. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,672) | Monthly | (206,781) | 2,619 |
222
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Canadian Natural Resources Ltd. | U.S. Fed Funds | 1/24/2025 | Barclays | (9,836) | Monthly | $(628,790) | $(15,122) |
Capital One Financial Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,604) | Monthly | (352,217) | (14,531) |
Catalent Pharma Solutions, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,806) | Monthly | (144,723) | (5,436) |
Cboe Global Markets, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (69) | Monthly | (12,673) | 152 |
CBRE Group, Inc., Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,299) | Monthly | (284,210) | (2,376) |
CDW Corporation of Delaware | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,313) | Monthly | (296,821) | (10,311) |
Celanese Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,978) | Monthly | (289,073) | (1,709) |
Charles River Laboratories International, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (506) | Monthly | (109,244) | (4,790) |
Charter Communications, Inc., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | (928) | Monthly | (343,672) | 2,612 |
Charter Communications, Inc., Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (744) | Monthly | (275,458) | (1,897) |
Chevron Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,938) | Monthly | (285,203) | (6,732) |
Cintas Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (499) | Monthly | (301,136) | (7,440) |
Comcast Corp., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | (377) | Monthly | (17,546) | (1) |
ConocoPhillips | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,560) | Monthly | (174,203) | (4,725) |
Constellation Brands, Inc., Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (63) | Monthly | (15,420) | 560 |
Corteva, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,906) | Monthly | (86,415) | 3,186 |
Corteva, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (3,695) | Monthly | (167,900) | (1,536) |
D.R. Horton, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,949) | Monthly | (277,979) | 20,198 |
Danaher Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,475) | Monthly | (353,500) | (11,345) |
Danaher Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,226) | Monthly | (293,590) | (15,595) |
Dentsply Sirona, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,833) | Monthly | (132,941) | 4,855 |
Diamondback Energy, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (661) | Monthly | (101,536) | (620) |
Dick's Sporting Goods, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,973) | Monthly | (293,589) | (11,923) |
Discover Financial Services | U.S. Fed Funds | 1/24/2025 | Barclays | (2,903) | Monthly | (306,034) | (16,751) |
Dollar General Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,139) | Monthly | (281,946) | 12,851 |
Dollar Tree, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,185) | Monthly | (154,486) | 6,626 |
Dow, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (6,662) | Monthly | (356,422) | (2,670) |
Eastman Chemical Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,981) | Monthly | (331,971) | 11,549 |
Emerson Electric Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (454) | Monthly | (41,567) | 773 |
Enbridge, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (9,709) | Monthly | (343,582) | 17,690 |
Entegris, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,519) | Monthly | (296,119) | (12,152) |
Equifax, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,241) | Monthly | (302,659) | 3,185 |
Equity Residential | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,625) | Monthly | (277,524) | 7,978 |
Estee Lauder (The) Cos., Inc., Class A | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (2,170) | Monthly | (285,533) | 14,721 |
223
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Extra Space Storage Incment, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,900) | Monthly | $(274,153) | $8,358 |
Exxon Mobil Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,429) | Monthly | (146,753) | (5,371) |
Fidelity National Information Services, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (5,509) | Monthly | (275,367) | (909) |
FirstEnergy Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (9,716) | Monthly | (355,695) | 12,055 |
Fiserv, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,571) | Monthly | (364,385) | (3,108) |
Fluor Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,221) | Monthly | (121,215) | (1,806) |
FMC Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (4,937) | Monthly | (277,182) | 1,265 |
Foot Locker, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (7,159) | Monthly | (200,497) | 1,744 |
Ford Motor Co. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (25,059) | Monthly | (292,789) | 7,168 |
Freeport-McMoRan, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (9,037) | Monthly | (358,039) | (6,814) |
Gartner, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (582) | Monthly | (266,096) | 6,280 |
General Mills, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (5,521) | Monthly | (357,724) | (10,840) |
General Motors Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (15,080) | Monthly | (584,586) | (51,937) |
Graphic Packaging Holding Company | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (6,861) | Monthly | (174,709) | 1,207 |
HCA Healthcare, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,198) | Monthly | (364,587) | (28,165) |
Host Hotels & Resorts, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (17,037) | Monthly | (326,826) | 10,506 |
Howmet Aerospace Inc. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | (6,501) | Monthly | (365,381) | (869) |
Hyatt Hotels Corp., Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (372) | Monthly | (47,666) | (445) |
Illumina, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,078) | Monthly | (153,941) | (7,064) |
Intel Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (994) | Monthly | (42,822) | (48) |
Intercontinental Exchange, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (805) | Monthly | (102,398) | (215) |
International Flavors & Fragrances, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (3,746) | Monthly | (301,927) | (3,147) |
Intui, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (472) | Monthly | (297,689) | (41) |
IQVIA, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,296) | Monthly | (269,355) | 6,304 |
Iron Mountain, Inc. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | (4,056) | Monthly | (273,609) | (1,292) |
Johnson Controls International PLC | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (5,896) | Monthly | (310,088) | (1,138) |
KB Home | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,444) | Monthly | (85,978) | 2,073 |
Keysight Technologies, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,893) | Monthly | (289,593) | (4,318) |
KKR & Co., Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (3,438) | Monthly | (297,374) | (7,688) |
Kraft Heinz Foods Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (9,696) | Monthly | (359,655) | (3,230) |
Kroger (The) Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (5,901) | Monthly | (272,128) | (1,095) |
Lamb Weston Holdings, Inc. | U.S. Fed Funds + (12.70)% | 8/19/2026 | Goldman Sachs | (3,406) | Monthly | (348,214) | 20,724 |
Lennar Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,008) | Monthly | (300,614) | 11,168 |
Marriott International, Inc., Class A | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,028) | Monthly | (246,004) | (5,694) |
224
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Marriott International, Inc., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | (1,553) | Monthly | $(371,931) | $(3,280) |
Marvell Technology, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,141) | Monthly | (279,707) | (11,938) |
Medical Properties Trust, Inc. | U.S. Fed Funds + (0.69)% | 2/8/2024 | JPMorgan Chase | (5,981) | Monthly | (18,484) | 1,792 |
Medical Properties Trust, Inc. | U.S. Fed Funds + (0.60)% | 1/24/2025 | Barclays | (26,584) | Monthly | (82,326) | 3,806 |
Merck & Co., Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (503) | Monthly | (60,685) | (792) |
Metlife, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (5,197) | Monthly | (359,169) | 2,127 |
Mohawk Industries, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (563) | Monthly | (58,616) | (1,516) |
NextEra Energy, Inc. | U.S. Fed Funds + (10.77)% | 8/19/2026 | Goldman Sachs | (6,811) | Monthly | (398,557) | 11,731 |
Nordstrom, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (9,852) | Monthly | (178,372) | 5,368 |
Oneok, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (3,966) | Monthly | (270,034) | 12,623 |
Oracle Corp. | U.S. Fed Funds + 20.00% | 8/19/2026 | Goldman Sachs | (2,533) | Monthly | (282,834) | 5,069 |
PayPal Holdings, Inc. | U.S. Fed Funds + 42.00% | 8/19/2026 | Goldman Sachs | (4,532) | Monthly | (277,845) | 7,900 |
Penn National Gaming, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,526) | Monthly | (101,734) | 11,441 |
Penn National Gaming, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (7,533) | Monthly | (169,693) | 6,127 |
Perkinelmer, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,681) | Monthly | (287,063) | (974) |
Permian Resources Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (6,276) | Monthly | (84,517) | (1,234) |
Pfizer, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (9,781) | Monthly | (263,710) | 13,288 |
Philip Morris International, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,220) | Monthly | (291,968) | 12,354 |
Progressive Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (567) | Monthly | (100,257) | (3,708) |
Prologis, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (2,167) | Monthly | (273,672) | 14,907 |
Prudential Financial, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,469) | Monthly | (363,338) | (7,661) |
PulteGroup, Inc. | U.S. Fed Funds + 0.05% | 1/24/2025 | Barclays | (548) | Monthly | (57,239) | 2,625 |
QUALCOMM, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (84) | Monthly | (12,471) | 504 |
Quanta Services, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,392) | Monthly | (269,256) | 16,897 |
Raymond James Financial, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,643) | Monthly | (290,666) | (1,759) |
Raytheon Technologies Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,034) | Monthly | (366,536) | (20,257) |
Raytheon Technologies Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,355) | Monthly | (305,173) | (18,321) |
Rexford Industrial Reality, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (427) | Monthly | (22,418) | 1,263 |
S&P Global, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (600) | Monthly | (268,230) | (8,928) |
Sealed Air Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (9,969) | Monthly | (343,754) | 17,523 |
Semiconductor Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,461) | Monthly | (245,656) | 9,666 |
Sempra Energy | U.S. Fed Funds + 5.00% | 8/19/2026 | Goldman Sachs | (3,455) | Monthly | (246,811) | 10,448 |
Simon Property Group, Inc. | U.S. Fed Funds + 20.00% | 8/19/2026 | Goldman Sachs | (972) | Monthly | (134,419) | 7,036 |
Southern (The) Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (353) | Monthly | (24,517) | 306 |
Southwest Airlines Co. | U.S. Fed Funds | 1/24/2025 | Barclays | (11,613) | Monthly | (346,761) | 3,487 |
Southwest Airlines Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (3,952) | Monthly | (117,977) | (1,212) |
225
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Spirit AeroSystems Holdings, Inc., Class A | U.S. Fed Funds | 1/24/2025 | Barclays | (10,827) | Monthly | $(297,012) | $(244) |
Stellantis N.V. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | (11,754) | Monthly | (257,850) | (7,137) |
Suncor Energy, Inc. | U.S. Fed Funds + (0.15)% | 1/24/2025 | Barclays | (1,571) | Monthly | (51,513) | (1,728) |
Targa Resources Partners L.P./Targa Resources Partners Finance Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,069) | Monthly | (344,881) | (1,752) |
Target Corp. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,426) | Monthly | (337,066) | 3,447 |
TC Energy Corp. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (8,945) | Monthly | (351,620) | 7,791 |
TC Energy Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (1,980) | Monthly | (77,927) | 244 |
Teck Resources Ltd., Class B | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (4,661) | Monthly | (185,923) | 1,263 |
Teledyne Technologies, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (313) | Monthly | (130,854) | 6,048 |
Tempur Sealy International, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (5,891) | Monthly | (293,598) | 9,848 |
Tesla, Inc. | U.S. Fed Funds + (5.00)% | 8/19/2026 | Goldman Sachs | (1,855) | Monthly | (346,778) | 50,100 |
Texas Instruments, Inc. | U.S. Fed Funds + 5.00% | 8/19/2026 | Goldman Sachs | (461) | Monthly | (73,815) | 1,526 |
Thermo Fisher Scientific, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (530) | Monthly | (284,760) | 2,171 |
T-Mobile US, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,362) | Monthly | (218,925) | 3,639 |
T-Mobile US, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,271) | Monthly | (365,962) | 7,345 |
Toll Brothers, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,593) | Monthly | (157,951) | 3,250 |
Tractor Supply Company | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (250) | Monthly | (56,137) | 700 |
TransDigm, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (227) | Monthly | (247,448) | (21,088) |
TransDigm, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (107) | Monthly | (116,711) | (6,788) |
Transocean Ltd. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (11,763) | Monthly | (64,016) | 5,974 |
Transocean Ltd. | U.S. Fed Funds | 1/24/2025 | Barclays | (32,015) | Monthly | (174,628) | (1,107) |
Tyson Foods, Inc., Class A | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (12,119) | Monthly | (662,400) | (339) |
United Airlines Holdings, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (7,836) | Monthly | (323,820) | (19,332) |
United Parcel Service, Inc., Class B | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,247) | Monthly | (318,203) | 30,824 |
United Rentals North America, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (981) | Monthly | (613,335) | (45,454) |
Universal Health Services, Inc., Class B | U.S. Fed Funds | 1/24/2025 | Barclays | (849) | Monthly | (134,697) | (2,211) |
US Foods Holding Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (4,324) | Monthly | (198,652) | (353) |
Verizon Communications, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (7,342) | Monthly | (310,792) | (20,195) |
VF Corp. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (17,312) | Monthly | (284,595) | (17,631) |
Viatris, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (18,359) | Monthly | (215,571) | (248) |
VICI Properties, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (9,335) | Monthly | (280,882) | 5,982 |
Walgreen Boots Alliance, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (2,881) | Monthly | (64,879) | 1,010 |
Walmart, Inc. | U.S. Fed Funds + 0.05% | 1/24/2025 | Barclays | (2,093) | Monthly | (345,531) | (5,648) |
Walt Disney (The) Co. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (4,131) | Monthly | (396,299) | (8,414) |
226
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Short Contracts for Difference at January 31, 2024: Over the Counter (continued) | |||||||
Reference Company | The Fund Receives Financing Rate | Expiration Date | Counterparty | Notional Amount | Pay Frequency | Value | Unrealized Appreciation (Depreciation) |
Weyerhaeuser Co. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,099) | Monthly | $(35,943) | $691 |
Williams (The) Cos., Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (5,854) | Monthly | (202,786) | (3,925) |
Workday, Inc. | U.S. Fed Funds + (0.15)% | 8/19/2026 | Goldman Sachs | (91) | Monthly | (26,440) | (879) |
Xcel Energy, Inc. | U.S. Fed Funds + (0.15)% | 2/8/2024 | JPMorgan Chase | (1,947) | Monthly | (116,195) | 7,595 |
XPO, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (1,401) | Monthly | (119,639) | 871 |
Xylem, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (2,708) | Monthly | (304,179) | 2,854 |
Zimmer Biomet Holdings, Inc. | U.S. Fed Funds | 1/24/2025 | Barclays | (69) | Monthly | (8,658) | (199) |
Total (Cost $43,332,411) | (813,405) | $(43,343,009) | $(10,598) |
Credit Default Swap Contracts outstanding - Sell Protection as of January 31, 2024: Centrally Cleared | ||||||||
Reference Obligation | Implied Credit Spread | Fixed Deal Receive Rate | Maturity Date | Notional Amount | Value | Upfront Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |
Markit CDX North America High Yield Index Series 41 (Pay Quarterly) | 3.59% | 5.00% | 12/20/2028 | USD | 2,920,500 | $182,056 | $111,722 | $70,334 |
Total | $182,056 | $111,722 | $70,334 |
227
Morningstar Funds Trust January 31, 2024 (unaudited)
Schedule of Investments (continued)
Morningstar Alternatives Fund
Valuation Hierarchy
The following is a summary
of the inputs used, as of January 31, 2024, in valuing the Fund's investments carried at fair value:
Morningstar Alternatives Fund | Level 1 | Level 2 | Level 3 | Totals |
Investments | ||||
Assets: | ||||
Asset-Backed Securities | $— | $2,722,312 | $— | $2,722,312 |
Common Stocks | 67,128,657 | — | —* | 67,128,657 |
Convertible Bonds | — | 57,049,915 | — | 57,049,915 |
Convertible Preferred Stocks | 1,658,182 | 1,170,307 | — | 2,828,489 |
Corporate Bonds | — | 43,519,945 | — | 43,519,945 |
Foreign Issuer Bonds | — | 6,020,615 | — | 6,020,615 |
Mortgage-Backed Securities | — | 25,969,474 | — | 25,969,474 |
Preferred Stocks | 4,660,284 | — | — | 4,660,284 |
Rights | — | — | 287,322 | 287,322 |
Investment Companies | 387,265 | — | — | 387,265 |
Short-Term Investments | 6,563,927 | 13,664,676 | — | 20,228,603 |
Purchased Options | 8,960 | 2,567 | — | 11,527 |
Total Assets – Investments at value | $80,407,275 | $150,119,811 | $287,322 | $230,814,408 |
Liabilities: | ||||
Common Stocks | $(22,534,710) | $— | $— | $(22,534,710) |
Rights | — | — | —* | — |
Total Liabilities – Investments at value | $(22,534,710) | $— | $— | $(22,534,710) |
Net Investments | $57,872,565 | $150,119,811 | $287,322 | $208,279,698 |
*Includes securities determined to have no value as of January 31, 2024. |
Morningstar Alternatives Fund | Level 1 | Level 2 | Level 3 | Totals |
Derivative Financial Instruments | ||||
Assets: | ||||
Futures Contracts | $388,390 | $— | $— | $388,390 |
Forward Foreign Currency Exchange Contracts | — | 228,382 | — | 228,382 |
Contracts for Difference | — | 47,886,513 | — | 47,886,513 |
Swap Agreements | — | 182,056 | — | 182,056 |
Total Assets - Derivative Financial Instruments | $388,390 | $48,296,951 | $— | $48,685,341 |
Liabilities: | ||||
Futures Contracts | $(582,582) | $— | $— | $(582,582) |
Forward Foreign Currency Exchange Contracts | — | (356,324) | — | (356,324) |
Contracts for Difference | — | (43,343,009) | — | (43,343,009) |
Total Liabilities - Derivative Financial Instruments | $(582,582) | $(43,699,333) | $— | $(44,281,915) |
Net Derivative Financial Instruments | $(194,192) | $4,597,618 | $— | $4,403,426 |
228