Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.6% | ||||||
COMMON STOCKS – 98.6% | ||||||
Aerospace & Defense – 3.2% | ||||||
225,380 | Lockheed Martin Corp | $87,686,343 | ||||
Banks – 4.1% | ||||||
675,484 | JPMorgan Chase & Co | 64,684,348 | ||||
444,089 | PNC Financial Services Group Inc | 47,370,973 | ||||
Total Banks | 112,055,321 | |||||
Beverages – 2.5% | ||||||
515,985 | PepsiCo Inc | 68,259,656 | ||||
Biotechnology – 2.0% | ||||||
667,399 | AbbVie Inc | 54,860,198 | ||||
Building Products – 1.7% | ||||||
538,237 | Trane Technologies PLC | 47,052,678 | ||||
Capital Markets – 3.3% | ||||||
1,263,502 | Charles Schwab Corp | 47,659,295 | ||||
230,570 | CME Group Inc | 41,089,880 | ||||
Total Capital Markets | 88,749,175 | |||||
Chemicals – 4.0% | ||||||
353,722 | International Flavors & Fragrances Inc | 46,348,194 | ||||
343,255 | Linde PLC | 63,155,487 | ||||
Total Chemicals | 109,503,681 | |||||
Communications Equipment – 2.8% | ||||||
1,819,913 | Cisco Systems Inc | 77,127,913 | ||||
Consumer Finance – 1.9% | ||||||
557,881 | American Express Co | 50,906,641 | ||||
Containers & Packaging – 1.8% | ||||||
513,038 | Packaging Corp of America | 49,585,123 | ||||
Diversified Telecommunication Services – 2.6% | ||||||
2,303,481 | AT&T Inc | 70,187,066 | ||||
Electric Utilities – 2.6% | ||||||
306,825 | NextEra Energy Inc | 70,913,394 |
Shares | Description (1) | Value | ||||
Entertainment – 1.9% | ||||||
487,831 | Walt Disney Co | $52,758,923 | ||||
Equity Real Estate Investment Trust – 3.1% | ||||||
226,874 | AvalonBay Communities Inc | 36,969,118 | ||||
690,229 | CyrusOne Inc | 48,419,565 | ||||
Total Equity Real Estate Investment Trust | 85,388,683 | |||||
Food Products – 2.1% | ||||||
1,117,238 | Mondelez International Inc | 57,470,723 | ||||
Health Care Equipment & Supplies – 3.7% | ||||||
191,822 | Becton Dickinson and Co | 48,440,809 | ||||
544,176 | Medtronic PLC | 53,127,903 | ||||
Total Health Care Equipment & Supplies | 101,568,712 | |||||
Health Care Providers & Services – 6.1% | ||||||
236,645 | Anthem Inc | 66,433,351 | ||||
344,724 | UnitedHealth Group Inc | 100,821,428 | ||||
Total Health Care Providers & Services | 167,254,779 | |||||
Hotels, Restaurants & Leisure – 2.1% | ||||||
298,001 | McDonald's Corp | 55,893,068 | ||||
Household Products – 1.8% | ||||||
674,659 | Colgate-Palmolive Co | 47,408,288 | ||||
Industrial Conglomerates – 1.7% | ||||||
331,398 | Honeywell International Inc | 47,025,376 | ||||
Insurance – 3.4% | ||||||
376,623 | Chubb Ltd | 40,679,050 | ||||
533,624 | Marsh & McLennan Cos Inc | 51,937,624 | ||||
Total Insurance | 92,616,674 | |||||
IT Services – 6.2% | ||||||
422,627 | Accenture PLC | 78,266,294 | ||||
686,508 | Fidelity National Information Services Inc | 90,543,540 | ||||
Total IT Services | 168,809,834 | |||||
Media – 2.5% | ||||||
1,808,888 | Comcast Corp | 68,068,455 | ||||
Multi-Utilities – 2.4% | ||||||
704,439 | WEC Energy Group Inc | 63,786,951 | ||||
Oil, Gas & Consumable Fuels – 3.9% | ||||||
609,418 | Chevron Corp | 56,066,456 |
Shares | Description (1) | Value | ||||
Oil, Gas & Consumable Fuels (continued) | ||||||
695,330 | Phillips 66 | $50,877,296 | ||||
Total Oil, Gas & Consumable Fuels | 106,943,752 | |||||
Pharmaceuticals – 6.4% | ||||||
715,173 | Johnson & Johnson | 107,304,557 | ||||
851,535 | Merck & Co Inc | 67,560,787 | ||||
Total Pharmaceuticals | 174,865,344 | |||||
Road & Rail – 2.4% | ||||||
407,202 | Union Pacific Corp | 65,066,808 | ||||
Semiconductors & Semiconductor Equipment – 2.5% | ||||||
585,812 | Texas Instruments Inc | 67,995,199 | ||||
Software – 5.1% | ||||||
780,146 | Microsoft Corp | 139,809,965 | ||||
Specialty Retail – 3.0% | ||||||
769,549 | Lowe's Cos Inc | 80,610,258 | ||||
Technology Hardware, Storage & Peripherals – 3.5% | ||||||
326,348 | Apple Inc | 95,881,042 | ||||
Tobacco – 2.3% | ||||||
852,625 | Philip Morris International Inc | 63,605,825 | ||||
Total Long-Term Investments (cost $1,847,458,589) | 2,689,715,848 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.3% | ||||||
REPURCHASE AGREEMENTS – 1.3% | ||||||
$34,773 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $34,773,321, collateralized by $33,740,000 U.S. Treasury Notes, 1.500%, due 10/31/24, value $35,469,175 | 0.000% | 5/01/20 | $34,773,321 | ||
Total Short-Term Investments (cost $34,773,321) | 34,773,321 | |||||
Total Investments (cost $1,882,231,910) – 99.9% | 2,724,489,169 | |||||
Other Assets Less Liabilities – 0.1% | 3,104,014 | |||||
Net Assets – 100% | $2,727,593,183 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $2,689,715,848 | $ — | $ — | $2,689,715,848 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 34,773,321 | — | 34,773,321 |
Total | $2,689,715,848 | $34,773,321 | $ — | $2,724,489,169 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.9% | ||||||
COMMON STOCKS – 97.9% | ||||||
Aerospace & Defense – 2.5% | ||||||
1,239 | Lockheed Martin Corp | $482,045 | ||||
Banks – 7.1% | ||||||
111,700 | BOC Hong Kong Holdings Ltd, (2) | 342,822 | ||||
5,156 | JPMorgan Chase & Co | 493,739 | ||||
2,200 | PNC Financial Services Group Inc | 234,674 | ||||
7,488 | Toronto-Dominion Bank | 312,872 | ||||
Total Banks | 1,384,107 | |||||
Beverages – 3.3% | ||||||
2,603 | Heineken NV | 221,411 | ||||
3,162 | PepsiCo Inc | 418,301 | ||||
Total Beverages | 639,712 | |||||
Capital Markets – 2.4% | ||||||
4,685 | Charles Schwab Corp | 176,718 | ||||
4,274 | Macquarie Group Ltd, (2) | 283,123 | ||||
Total Capital Markets | 459,841 | |||||
Chemicals – 1.7% | ||||||
2,492 | International Flavors & Fragrances Inc | 326,527 | ||||
Communications Equipment – 2.0% | ||||||
9,056 | Cisco Systems Inc | 383,793 | ||||
Consumer Finance – 1.5% | ||||||
3,239 | American Express Co | 295,559 | ||||
Containers & Packaging – 4.1% | ||||||
47,608 | Amcor PLC, (2) | 433,835 | ||||
3,816 | Packaging Corp of America | 368,816 | ||||
Total Containers & Packaging | 802,651 | |||||
Diversified Financial Services – 1.0% | ||||||
17,300 | ORIX Corp, (2) | 203,578 | ||||
Diversified Telecommunication Services – 2.9% | ||||||
9,148 | AT&T Inc | 278,739 | ||||
179,487 | HKT Trust & HKT Ltd, (2) | 289,642 | ||||
Total Diversified Telecommunication Services | 568,381 |
Shares | Description (1) | Value | ||||
Electric Utilities – 3.4% | ||||||
1,566 | NextEra Energy Inc | $361,934 | ||||
18,832 | SSE PLC, (2) | 295,387 | ||||
Total Electric Utilities | 657,321 | |||||
Electronic Equipment, Instruments & Components – 1.6% | ||||||
10,900 | Alps Alpine Co Ltd, (2) | 112,426 | ||||
4,105 | Hexagon AB, (2), (3) | 201,440 | ||||
Total Electronic Equipment, Instruments & Components | 313,866 | |||||
Entertainment – 1.2% | ||||||
2,192 | Walt Disney Co | 237,065 | ||||
Equity Real Estate Investment Trust – 1.6% | ||||||
4,576 | CyrusOne Inc | 321,006 | ||||
Food Products – 2.0% | ||||||
5,714 | Danone SA, (2) | 398,249 | ||||
Gas Utilities – 1.9% | ||||||
82,584 | Snam SpA, (2) | 370,463 | ||||
Health Care Equipment & Supplies – 1.9% | ||||||
1,426 | Becton Dickinson and Co | 360,108 | ||||
Health Care Providers & Services – 3.0% | ||||||
1,977 | UnitedHealth Group Inc | 578,213 | ||||
Hotels, Restaurants & Leisure – 2.8% | ||||||
15,277 | Compass Group PLC, (2), (3) | 257,072 | ||||
6,037 | Restaurant Brands International Inc | 294,488 | ||||
Total Hotels, Restaurants & Leisure | 551,560 | |||||
Household Products – 1.7% | ||||||
3,891 | Reckitt Benckiser Group PLC, (2) | 324,119 | ||||
Industrial Conglomerates – 1.9% | ||||||
2,635 | Honeywell International Inc | 373,907 | ||||
IT Services – 4.1% | ||||||
1,833 | Accenture PLC | 339,454 | ||||
3,498 | Fidelity National Information Services Inc | 461,351 | ||||
Total IT Services | 800,805 | |||||
Media – 2.6% | ||||||
13,191 | Comcast Corp | 496,377 |
Shares | Description (1) | Value | ||||
Oil, Gas & Consumable Fuels – 5.9% | ||||||
3,350 | Chevron Corp | $308,200 | ||||
9,716 | Enbridge Inc | 297,703 | ||||
3,757 | Phillips 66 | 274,899 | ||||
7,575 | TOTAL SA, (2) | 268,855 | ||||
Total Oil, Gas & Consumable Fuels | 1,149,657 | |||||
Personal Products – 2.1% | ||||||
7,971 | Unilever PLC, (2) | 410,444 | ||||
Pharmaceuticals – 9.1% | ||||||
22,300 | Astellas Pharma Inc, (2) | 368,823 | ||||
3,683 | Johnson & Johnson | 552,597 | ||||
4,727 | Merck & Co Inc | 375,040 | ||||
4,841 | Sanofi, (2) | 472,839 | ||||
Total Pharmaceuticals | 1,769,299 | |||||
Professional Services – 1.2% | ||||||
7,820 | Experian PLC, (2) | 234,837 | ||||
Road & Rail – 1.9% | ||||||
2,375 | Union Pacific Corp | 379,501 | ||||
Semiconductors & Semiconductor Equipment – 2.0% | ||||||
3,334 | Texas Instruments Inc | 386,977 | ||||
Software – 6.8% | ||||||
4,408 | Microsoft Corp | 789,958 | ||||
4,450 | SAP SE, (2) | 530,027 | ||||
Total Software | 1,319,985 | |||||
Specialty Retail – 1.8% | ||||||
3,259 | Lowe's Cos Inc | 341,380 | ||||
Technology Hardware, Storage & Peripherals – 2.2% | ||||||
1,458 | Apple Inc | 428,360 | ||||
Tobacco – 2.1% | ||||||
5,534 | Philip Morris International Inc | 412,836 | ||||
Trading Companies & Distributors – 1.7% | ||||||
17,025 | ITOCHU Corp, (2) | 333,777 | ||||
Wireless Telecommunication Services – 2.9% | ||||||
12,600 | KDDI Corp, (2) | 364,950 |
Shares | Description (1) | Value | ||||
Wireless Telecommunication Services (continued) | ||||||
142,378 | Vodafone Group PLC, (2) | $200,849 | ||||
Total Wireless Telecommunication Services | 565,799 | |||||
Total Long-Term Investments (cost $16,277,215) | 19,062,105 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.0% | ||||||
REPURCHASE AGREEMENTS – 2.0% | ||||||
$378 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $377,593, collateralized by $375,000 U.S. Treasury Notes, 0.125%, due 4/15/25, value $385,743 | 0.000% | 5/01/20 | $377,593 | ||
Total Short-Term Investments (cost $377,593) | 377,593 | |||||
Total Investments (cost $16,654,808) – 99.9% | 19,439,698 | |||||
Other Assets Less Liabilities – 0.1% | 25,587 | |||||
Net Assets – 100% | $19,465,285 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $12,364,548 | $6,697,557 | $ — | $19,062,105 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 377,593 | — | 377,593 |
Total | $12,364,548 | $7,075,150 | $ — | $19,439,698 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.5% | ||||||
COMMON STOCKS – 97.5% | ||||||
Banks – 5.5% | ||||||
39,500 | BOC Hong Kong Holdings Ltd, (2) | $121,231 | ||||
3,231 | Toronto-Dominion Bank | 135,001 | ||||
Total Banks | 256,232 | |||||
Beverages – 2.2% | ||||||
1,181 | Heineken NV | 100,456 | ||||
Biotechnology – 2.2% | ||||||
4,883 | Grifols SA, (2) | 100,523 | ||||
Capital Markets – 3.4% | ||||||
2,399 | Macquarie Group Ltd, (2) | 158,917 | ||||
Chemicals – 9.1% | ||||||
1,630 | Koninklijke DSM NV, (2) | 199,776 | ||||
1,220 | Linde PLC, (2) | 224,972 | ||||
Total Chemicals | 424,748 | |||||
Containers & Packaging – 3.6% | ||||||
18,275 | Amcor PLC, (2) | 166,533 | ||||
Diversified Financial Services – 3.0% | ||||||
11,700 | ORIX Corp, (2) | 137,680 | ||||
Diversified Telecommunication Services – 4.3% | ||||||
123,400 | HKT Trust & HKT Ltd, (2) | 199,133 | ||||
Electric Utilities – 4.7% | ||||||
3,929 | Red Electrica Corp SA, (2) | 69,157 | ||||
9,399 | SSE PLC, (2) | 147,427 | ||||
Total Electric Utilities | 216,584 | |||||
Electronic Equipment, Instruments & Components – 4.1% | ||||||
6,100 | Alps Alpine Co Ltd, (2) | 62,917 | ||||
2,599 | Hexagon AB, (2), (3) | 127,538 | ||||
Total Electronic Equipment, Instruments & Components | 190,455 | |||||
Food Products – 3.5% | ||||||
2,302 | Danone SA, (2) | 160,443 |
Shares | Description (1) | Value | ||||
Gas Utilities – 3.2% | ||||||
32,776 | Snam SpA, (2) | $147,029 | ||||
Hotels, Restaurants & Leisure – 5.4% | ||||||
7,776 | Compass Group PLC, (2), (3) | 130,850 | ||||
2,461 | Restaurant Brands International Inc | 120,049 | ||||
Total Hotels, Restaurants & Leisure | 250,899 | |||||
Household Products – 2.9% | ||||||
1,624 | Reckitt Benckiser Group PLC, (2) | 135,279 | ||||
Oil, Gas & Consumable Fuels – 5.9% | ||||||
4,557 | Enbridge Inc | 139,628 | ||||
3,769 | TOTAL SA, (2) | 133,771 | ||||
Total Oil, Gas & Consumable Fuels | 273,399 | |||||
Personal Products – 2.6% | ||||||
2,377 | Unilever PLC, (2) | 122,397 | ||||
Pharmaceuticals – 11.9% | ||||||
8,100 | Astellas Pharma Inc, (2) | 133,967 | ||||
3,194 | Novo Nordisk A/S, (2) | 203,745 | ||||
2,223 | Sanofi, (2) | 217,129 | ||||
Total Pharmaceuticals | 554,841 | |||||
Professional Services – 2.5% | ||||||
3,797 | Experian PLC, (2) | 114,025 | ||||
Real Estate Management & Development – 3.2% | ||||||
70,736 | CapitaLand Ltd, (2), (3) | 150,085 | ||||
Software – 4.1% | ||||||
1,601 | SAP SE, (2) | 190,691 | ||||
Trading Companies & Distributors – 4.2% | ||||||
10,000 | ITOCHU Corp, (2) | 196,051 | ||||
Wireless Telecommunication Services – 6.0% | ||||||
5,700 | KDDI Corp, (2) | 165,097 | ||||
81,815 | Vodafone Group PLC, (2) | 115,414 | ||||
Total Wireless Telecommunication Services | 280,511 | |||||
Total Long-Term Investments (cost $3,991,586) | 4,526,911 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.5% | ||||||
REPURCHASE AGREEMENTS – 2.5% | ||||||
$116 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $116,074, collateralized by $110,000 U.S. Treasury Notes, 2.500%, due 1/31/25, value $121,764 | 0.000% | 5/01/20 | $116,074 | ||
Total Short-Term Investments (cost $116,074) | 116,074 | |||||
Total Investments (cost $4,107,660) – 100.0% | 4,642,985 | |||||
Other Assets Less Liabilities – (0.0)% | (2,108) | |||||
Net Assets – 100% | $4,640,877 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $495,134 | $4,031,777 | $ — | $4,526,911 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 116,074 | — | 116,074 |
Total | $495,134 | $4,147,851 | $ — | $4,642,985 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.4% | ||||||
COMMON STOCKS – 94.9% | ||||||
Automobiles – 1.8% | ||||||
311,300 | Astra International Tbk PT, (2) | $79,620 | ||||
18,296 | Tata Motors Ltd, Sponsored ADR | 108,312 | ||||
Total Automobiles | 187,932 | |||||
Banks – 9.4% | ||||||
9,464 | Absa Group Ltd, (2) | 46,706 | ||||
19,500 | Banco do Brasil SA, (3) | 102,199 | ||||
663,346 | Bank Rakyat Indonesia Persero Tbk PT, (2) | 120,654 | ||||
16,500 | China Merchants Bank Co Ltd, (2) | 81,262 | ||||
1,032 | Credicorp Ltd | 153,789 | ||||
3,088 | HDFC Bank Ltd, ADR | 133,865 | ||||
8,657 | ICICI Bank Ltd, Sponsored ADR | 84,492 | ||||
2,916 | OTP Bank Nyrt, (2), (3) | 86,360 | ||||
15,640 | Sberbank of Russia PJSC, Sponsored ADR, (2) | 164,377 | ||||
Total Banks | 973,704 | |||||
Beverages – 2.3% | ||||||
28,390 | Anadolu Efes Biracilik Ve Malt Sanayii AS, (2), (3) | 74,477 | ||||
25,800 | Fomento Economico Mexicano SAB de CV | 166,473 | ||||
Total Beverages | 240,950 | |||||
Chemicals – 1.3% | ||||||
422 | LG Chem Ltd, (2) | 131,121 | ||||
Diversified Consumer Services – 1.5% | ||||||
6,979 | Afya Ltd, (3) | 151,724 | ||||
Diversified Telecommunication Services – 1.1% | ||||||
500,289 | China Tower Corp Ltd,144A, (2) | 111,336 | ||||
Electronic Equipment, Instruments & Components – 4.9% | ||||||
87,000 | E Ink Holdings Inc, (2) | 89,698 | ||||
37,700 | Foxconn Industrial Internet Co Ltd, (2) | 77,652 | ||||
17,408 | Hangzhou Hikvision Digital Technology Co Ltd, (2) | 78,156 | ||||
40,388 | Hon Hai Precision Industry Co Ltd, (2) | 103,796 | ||||
11,969 | Yageo Corp, (2) | 154,859 | ||||
Total Electronic Equipment, Instruments & Components | 504,161 |
Shares | Description (1) | Value | ||||
Energy Equipment & Services – 0.8% | ||||||
216,903 | Serba Dinamik Holdings Bhd, (2) | $79,572 | ||||
Entertainment – 1.6% | ||||||
2,969 | Sea Ltd, ADR | 165,017 | ||||
Food & Staples Retailing – 1.5% | ||||||
12,600 | Cia Brasileira de Distribuicao | 153,436 | ||||
Health Care Providers & Services – 1.1% | ||||||
117,571 | Life Healthcare Group Holdings Ltd | 113,286 | ||||
Health Care Technology – 1.1% | ||||||
50,000 | Alibaba Health Information Technology Ltd, (2), (3) | 119,600 | ||||
Hotels, Restaurants & Leisure – 6.5% | ||||||
75,288 | Arcos Dorados Holdings Inc | 286,847 | ||||
17,000 | Galaxy Entertainment Group Ltd,144A, (2), (3) | 109,336 | ||||
161,600 | Wynn Macau Ltd, (2) | 279,063 | ||||
Total Hotels, Restaurants & Leisure | 675,246 | |||||
Insurance – 2.9% | ||||||
29,280 | Ping An Insurance Group Co of China Ltd, (2) | 297,961 | ||||
Interactive Media & Services – 10.7% | ||||||
1,900 | Baidu Inc, Sponsored ADR | 191,767 | ||||
3,577 | SINA Corp/China, (3) | 120,795 | ||||
15,114 | Tencent Holdings Ltd, (2) | 794,535 | ||||
Total Interactive Media & Services | 1,107,097 | |||||
Internet & Catalog Retail – 1.1% | ||||||
7,924 | MakeMyTrip Ltd, (3) | 116,958 | ||||
Internet & Direct Marketing Retail – 16.3% | ||||||
4,573 | Alibaba Group Holding Ltd, Sponsored ADR | 926,810 | ||||
16,200 | B2W Cia Digital, (3) | 218,219 | ||||
3,804 | Baozun Inc, Sponsored ADR | 121,119 | ||||
2,278 | JDcom Inc, ADR | 98,182 | ||||
140 | MercadoLibre Inc, (3) | 81,691 | ||||
1,556 | Naspers Ltd, (2) | 242,189 | ||||
Total Internet & Direct Marketing Retail | 1,688,210 | |||||
IT Services – 2.1% | ||||||
2,590 | GDS Holdings Ltd, ADR | 148,459 | ||||
2,553 | Pagseguro Digital Ltd, (3) | 64,667 | ||||
Total IT Services | 213,126 |
Shares | Description (1) | Value | ||||
Metals & Mining – 1.6% | ||||||
30,300 | Grupo Mexico SAB de CV | $64,432 | ||||
23,530 | Vedanta Ltd, ADR | 106,356 | ||||
Total Metals & Mining | 170,788 | |||||
Multiline Retail – 2.3% | ||||||
28,500 | Lojas Americanas SA, (3) | 130,396 | ||||
736,300 | Matahari Department Store Tbk PT, (2), (3) | 59,767 | ||||
27,569 | Woolworths Holdings Ltd/South Africa, (2) | 45,402 | ||||
Total Multiline Retail | 235,565 | |||||
Oil, Gas & Consumable Fuels – 2.1% | ||||||
17,000 | Petroleo Brasileiro SA, (3) | 56,428 | ||||
4,255 | Reliance Industries Ltd, Sponsored GDR,144A, (2) | 161,463 | ||||
Total Oil, Gas & Consumable Fuels | 217,891 | |||||
Pharmaceuticals – 1.8% | ||||||
2,384 | Dr Reddy's Laboratories Ltd, ADR | 122,037 | ||||
84,500 | Genomma Lab Internacional SAB de CV, (3) | 67,317 | ||||
Total Pharmaceuticals | 189,354 | |||||
Semiconductors & Semiconductor Equipment – 9.2% | ||||||
40,000 | ASE Technology Holding Co Ltd, (2) | 89,109 | ||||
1,099 | Koh Young Technology Inc, (2) | 73,279 | ||||
15,756 | MediaTek Inc, (2) | 217,566 | ||||
1,083 | SK Hynix Inc, (2) | 74,529 | ||||
49,000 | Taiwan Semiconductor Manufacturing Co Ltd, (2) | 494,302 | ||||
Total Semiconductors & Semiconductor Equipment | 948,785 | |||||
Software – 2.5% | ||||||
43,000 | Kingsoft Corp Ltd, (2) | 147,671 | ||||
27,200 | Linx SA | 108,592 | ||||
Total Software | 256,263 | |||||
Specialty Retail – 0.7% | ||||||
9,609 | Mr Price Group Ltd, (2) | 68,462 | ||||
Technology Hardware, Storage & Peripherals – 6.7% | ||||||
136,000 | Lenovo Group Ltd, (2) | 73,467 | ||||
15,022 | Samsung Electronics Co Ltd, (2) | 617,667 | ||||
Total Technology Hardware, Storage & Peripherals | 691,134 | |||||
Total Common Stocks (cost $10,606,465) | 9,808,679 |
Shares | Description (1), (4) | Value | ||||
EXCHANGE-TRADED FUNDS – 2.5% | ||||||
3,991 | iShares MSCI India ETF | $107,957 | ||||
5,836 | iShares MSCI Saudi Arabia ETF | 149,226 | ||||
Total Exchange-Traded Funds (cost $309,189) | 257,183 |
Shares | Description (1) | Value | ||||
WARRANTS – 0.0% | ||||||
84,686 | Serba Dinamik Holdings Bhd | $5,219 | ||||
Total Warrants (cost $ —) | 5,219 | |||||
Total Long-Term Investments (cost $10,915,654) | 10,071,081 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 3.7% | ||||||
REPURCHASE AGREEMENTS – 3.7% | ||||||
$383 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $382,870, collateralized by $370,000 U.S. Treasury Notes, 1.500%, due 11/30/24, value $391,711 | 0.000% | 5/01/20 | $382,870 | ||
Total Short-Term Investments (cost $382,870) | 382,870 | |||||
Total Investments (cost $11,298,524) – 101.1% | 10,453,951 | |||||
Other Assets Less Liabilities – (1.1)% | (112,904) | |||||
Net Assets – 100% | $10,341,047 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $4,363,665 | $5,445,014 | $ — | $9,808,679 |
Exchange-Traded Funds | 257,183 | — | — | 257,183 |
Warrants | 5,219 | — | — | 5,219 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 382,870 | — | 382,870 |
Total | $4,626,067 | $5,827,884 | $ — | $10,453,951 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | A copy of the most recent financial statements for these exchange-traded funds can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt | |
ETF | Exchange-Traded Fund | |
GDR | Global Depositary Receipt | |
MSCI | Morgan Stanley Capital International Inc. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.7% | ||||||
COMMON STOCKS – 97.7% | ||||||
Aerospace & Defense – 4.7% | ||||||
39,834 | Airbus SE, (2), (3) | $2,522,229 | ||||
302,617 | BAE Systems PLC, (2) | 1,930,222 | ||||
205,800 | CAE Inc, (3) | 3,400,553 | ||||
55,981 | Saab AB, (2), (3) | 1,276,933 | ||||
53,600 | Thales SA, (2) | 4,059,188 | ||||
Total Aerospace & Defense | 13,189,125 | |||||
Banks – 1.5% | ||||||
534,000 | Banco do Brasil SA, (3) | 2,798,691 | ||||
95,839 | HDFC Bank Ltd, (2) | 1,256,271 | ||||
158,610 | Security Bank Corp, (2) | 320,848 | ||||
Total Banks | 4,375,810 | |||||
Beverages – 1.8% | ||||||
82,823 | Coca-Cola HBC AG, (2) | 2,098,629 | ||||
86,551 | Diageo PLC, (2) | 2,979,937 | ||||
Total Beverages | 5,078,566 | |||||
Biotechnology – 1.3% | ||||||
19,500 | CRISPR Therapeutics AG, (3) | 959,400 | ||||
6,259 | Genmab A/S, (2), (3) | 1,504,567 | ||||
97,235 | Orchard Therapeutics plc | 1,094,866 | ||||
Total Biotechnology | 3,558,833 | |||||
Capital Markets – 6.1% | ||||||
194,985 | Brookfield Asset Management Inc | 6,594,392 | ||||
591,602 | Burford Capital Ltd, (2) | 3,716,343 | ||||
111,300 | Hong Kong Exchanges & Clearing Ltd, (2) | 3,568,516 | ||||
34,354 | London Stock Exchange Group PLC, (2) | 3,215,425 | ||||
Total Capital Markets | 17,094,676 | |||||
Chemicals – 0.7% | ||||||
22,373 | Chr Hansen Holding A/S, (2) | 1,929,083 | ||||
Construction & Engineering – 0.8% | ||||||
29,026 | Eiffage SA, (2), (3) | 2,372,056 | ||||
Diversified Telecommunication Services – 0.9% | ||||||
11,590,000 | China Tower Corp Ltd,144A, (2) | 2,579,287 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 3.9% | ||||||
91,300 | Hitachi Ltd, (2) | $2,709,731 | ||||
14,700 | Keyence Corp, (2) | 5,248,077 | ||||
153,085 | Softwareone Holding AG | 2,943,546 | ||||
Total Electronic Equipment, Instruments & Components | 10,901,354 | |||||
Entertainment – 3.3% | ||||||
15,034 | Spotify Technology SA, (3) | 2,278,703 | ||||
96,403 | Ubisoft Entertainment SA, (2), (3) | 7,170,629 | ||||
Total Entertainment | 9,449,332 | |||||
Equity Real Estate Investment Trust – 3.3% | ||||||
62,496 | Digital Realty Trust Inc | 9,342,527 | ||||
Food & Staples Retailing – 0.6% | ||||||
42,019 | Dino Polska SA,144A, (2), (3) | 1,776,975 | ||||
Food Products – 1.3% | ||||||
1,959,320 | Ausnutria Dairy Corp Ltd, (2) | 3,613,454 | ||||
Gas Utilities – 1.1% | ||||||
70,227 | Rubis SCA, (2) | 3,146,346 | ||||
Health Care Equipment & Supplies – 0.5% | ||||||
14,600 | Hoya Corp, (2) | 1,331,422 | ||||
Health Care Providers & Services – 2.1% | ||||||
75,318 | Fresenius Medical Care AG & Co KGaA, (2) | 5,902,710 | ||||
Household Durables – 1.5% | ||||||
64,200 | Sony Corp, (2) | 4,131,532 | ||||
Household Products – 1.1% | ||||||
82,500 | Unicharm Corp, (2) | 3,040,414 | ||||
Insurance – 4.2% | ||||||
420,800 | AIA Group Ltd, (2) | 3,862,004 | ||||
511,144 | Ping An Insurance Group Co of China Ltd, (2) | 5,201,533 | ||||
208,826 | Prudential PLC, (2) | 2,945,994 | ||||
Total Insurance | 12,009,531 | |||||
Interactive Media & Services – 3.3% | ||||||
176,202 | Tencent Holdings Ltd, (2) | 9,262,839 | ||||
Internet & Direct Marketing Retail – 6.7% | ||||||
154,900 | Alibaba Group Holding Ltd, (2), (3) | 3,931,240 | ||||
47,167 | Alibaba Group Holding Ltd, Sponsored ADR | 9,559,336 | ||||
138,477 | Baozun Inc, Sponsored ADR | 4,409,108 |
Shares | Description (1) | Value | ||||
Internet & Direct Marketing Retail (continued) | ||||||
244,004 | Trainline PLC,144A, (2), (3) | $1,166,194 | ||||
Total Internet & Direct Marketing Retail | 19,065,878 | |||||
IT Services – 8.1% | ||||||
2,633 | Adyen NV,144A, (3) | 2,600,297 | ||||
33,288 | CANCOM SE, (2) | 1,694,721 | ||||
127,679 | GDS Holdings Ltd, ADR | 7,318,561 | ||||
137,972 | Keywords Studios PLC, (2) | 2,764,053 | ||||
1,465,431 | NEXTDC Ltd, (2), (3) | 8,362,883 | ||||
Total IT Services | 22,740,515 | |||||
Leisure Products – 0.4% | ||||||
47,403 | MIPS AB, (2) | 1,193,506 | ||||
Life Sciences Tools & Services – 4.2% | ||||||
307,035 | Clinigen Group Plc | 2,792,050 | ||||
9,766 | Eurofins Scientific SE, (2), (3) | 5,402,263 | ||||
23,114 | ICON PLC, (3) | 3,709,104 | ||||
Total Life Sciences Tools & Services | 11,903,417 | |||||
Machinery – 1.5% | ||||||
128,429 | Kornit Digital Ltd, (3) | 4,260,632 | ||||
Oil, Gas & Consumable Fuels – 1.8% | ||||||
147,920 | Parkland Fuel Corp | 3,499,411 | ||||
83,147 | Reliance Industries Ltd, (2) | 1,614,423 | ||||
Total Oil, Gas & Consumable Fuels | 5,113,834 | |||||
Personal Products – 1.3% | ||||||
243,300 | Kitanotatsujin Corp, (2) | 1,155,776 | ||||
44,500 | Shiseido Co Ltd, (2), (3) | 2,616,297 | ||||
Total Personal Products | 3,772,073 | |||||
Pharmaceuticals – 9.4% | ||||||
32,709 | AstraZeneca PLC, (2) | 3,421,100 | ||||
2,405,000 | China Animal Healthcare Ltd, (3), (4) | 310 | ||||
1,675,231 | China Medical System Holdings Ltd, (2) | 1,972,033 | ||||
43,340 | Dr Reddy's Laboratories Ltd, ADR | 2,218,574 | ||||
64,467 | GlaxoSmithKline PLC, Sponsored ADR | 2,712,127 | ||||
30,796 | GW Pharmaceuticals PLC, ADR | 3,083,911 | ||||
46,012 | Novo Nordisk A/S, (2) | 2,935,106 | ||||
6,735 | Roche Holding AG, (2) | 2,332,313 | ||||
28,414 | Sanofi, (2) | 2,775,301 | ||||
142,800 | Takeda Pharmaceutical Co Ltd, (2) | 5,149,574 | ||||
Total Pharmaceuticals | 26,600,349 |
Shares | Description (1) | Value | ||||
Professional Services – 0.7% | ||||||
70,300 | Recruit Holdings Co Ltd, (2) | $2,050,734 | ||||
Real Estate Management & Development – 2.7% | ||||||
1,090,571 | Aroundtown SA, (2) | 5,866,042 | ||||
34,762 | Vonovia SE, (2) | 1,718,941 | ||||
Total Real Estate Management & Development | 7,584,983 | |||||
Road & Rail – 0.7% | ||||||
22,900 | Canadian National Railway Co | 1,893,760 | ||||
Semiconductors & Semiconductor Equipment – 5.7% | ||||||
4,649 | ASML Holding NV, (2) | 1,357,904 | ||||
25,590 | Broadcom Inc | 6,950,756 | ||||
33,672 | Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR | 1,788,993 | ||||
305,961 | Tower Semiconductor Ltd, (3) | 5,885,160 | ||||
Total Semiconductors & Semiconductor Equipment | 15,982,813 | |||||
Software – 5.6% | ||||||
14,625 | CyberArk Software Ltd, (3) | 1,444,365 | ||||
52,100 | Freee KK, (2), (3) | 1,841,441 | ||||
195,367 | Open Text Corp | 7,414,178 | ||||
28,403 | SAP SE, (2) | 3,383,000 | ||||
169,609 | Tufin Software Technologies Ltd, (3) | 1,631,639 | ||||
Total Software | 15,714,623 | |||||
Textiles, Apparel & Luxury Goods – 2.6% | ||||||
15,840 | adidas AG, (2), (3) | 3,626,289 | ||||
6,150 | LVMH Moet Hennessy Louis Vuitton SE, (2) | 2,377,544 | ||||
21,872 | Puma SE, (2), (3) | 1,373,900 | ||||
Total Textiles, Apparel & Luxury Goods | 7,377,733 | |||||
Tobacco – 2.0% | ||||||
144,561 | British American Tobacco PLC, (2) | 5,571,990 | ||||
Trading Companies & Distributors – 0.3% | ||||||
28,431 | Ashtead Group PLC, (2) | 776,599 | ||||
Total Long-Term Investments (cost $250,916,526) | 275,689,311 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.4% | ||||||
REPURCHASE AGREEMENTS – 2.4% | ||||||
$6,752 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $6,752,488, collateralized by $6,555,000 U.S. Treasury Notes, 1.500%, due 10/31/24, value $6,890,944 | 0.000% | 5/01/20 | $6,752,488 | ||
Total Short-Term Investments (cost $6,752,488) | 6,752,488 | |||||
Total Investments (cost $257,669,014) – 100.1% | 282,441,799 | |||||
Other Assets Less Liabilities – (0.1)% | (168,561) | |||||
Net Assets – 100% | $282,273,238 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $102,584,640 | $173,104,361 | $310 | $275,689,311 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 6,752,488 | — | 6,752,488 |
Total | $102,584,640 | $179,856,849 | $310 | $282,441,799 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.5% | ||||||
COMMON STOCKS – 98.5% | ||||||
Aerospace & Defense – 1.2% | ||||||
35,700 | Kongsberg Gruppen ASA, (2) | $458,754 | ||||
Banks – 1.1% | ||||||
127,937 | Israel Discount Bank Ltd, (2) | 415,067 | ||||
Beverages – 2.8% | ||||||
63,419 | Britvic PLC, (2) | 583,754 | ||||
6,642 | Royal Unibrew A/S, (2) | 513,867 | ||||
Total Beverages | 1,097,621 | |||||
Capital Markets – 1.6% | ||||||
7,643 | Euronext NV,144A, (2) | 641,660 | ||||
Chemicals – 2.6% | ||||||
51,900 | Kemira Oyj, (2) | 624,358 | ||||
32,200 | Tosoh Corp, (2) | 393,540 | ||||
Total Chemicals | 1,017,898 | |||||
Construction & Engineering – 1.4% | ||||||
682,000 | China State Construction International Holdings Ltd, (2) | 528,759 | ||||
Construction Materials – 0.9% | ||||||
18,400 | Taiheiyo Cement Corp, (2) | 361,208 | ||||
Containers & Packaging – 0.9% | ||||||
22,250 | SIG Combibloc Group AG, (2) | 360,378 | ||||
Distributors – 3.0% | ||||||
10,820 | D'ieteren SA/NV, (2) | 542,237 | ||||
12,250 | PALTAC Corp, (2) | 639,744 | ||||
Total Distributors | 1,181,981 | |||||
Diversified Financial Services – 2.6% | ||||||
116,300 | Mitsubishi UFJ Lease & Finance Co Ltd, (2) | 555,337 | ||||
15,800 | Zenkoku Hosho Co Ltd, (2) | 460,380 | ||||
Total Diversified Financial Services | 1,015,717 | |||||
Electronic Equipment, Instruments & Components – 5.2% | ||||||
35,400 | Anritsu Corp, (2) | 720,584 | ||||
26,426 | Halma PLC, (2) | 694,750 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components (continued) | ||||||
18,950 | Spectris PLC, (2) | $639,007 | ||||
Total Electronic Equipment, Instruments & Components | 2,054,341 | |||||
Energy Equipment & Services – 1.0% | ||||||
151,420 | Saipem SpA, (2), (3) | 388,644 | ||||
Equity Real Estate Investment Trust – 10.4% | ||||||
35,800 | alstria office REIT-AG, (2) | 536,631 | ||||
20,800 | Canadian Apartment Properties REIT | 715,773 | ||||
115,500 | Charter Hall Long Wale REIT, (2) | 334,814 | ||||
783 | Japan Hotel REIT Investment Corp, (2) | 259,881 | ||||
537,500 | Mapletree Logistics Trust, (2) | 680,865 | ||||
80,000 | Safestore Holdings PLC, (2) | 723,681 | ||||
30,200 | UNITE Group PLC, (2) | 333,475 | ||||
301,150 | Viva Energy REIT, (2) | 470,539 | ||||
Total Equity Real Estate Investment Trust | 4,055,659 | |||||
Food Products – 2.3% | ||||||
19,400 | Fuji Oil Holdings Inc, (2) | 452,596 | ||||
128,300 | Vitasoy International Holdings Ltd, (2) | 457,581 | ||||
Total Food Products | 910,177 | |||||
Health Care Equipment & Supplies – 4.2% | ||||||
3,611 | DiaSorin SpA, (2) | 615,754 | ||||
34,659 | Fisher & Paykel Healthcare Corp Ltd, (2) | 579,039 | ||||
12,650 | Nihon Kohden Corp, (2) | 452,485 | ||||
Total Health Care Equipment & Supplies | 1,647,278 | |||||
Health Care Providers & Services – 2.2% | ||||||
19,100 | Ship Healthcare Holdings Inc, (2) | 863,832 | ||||
Hotels, Restaurants & Leisure – 1.5% | ||||||
17,400 | Tokyotokeiba Co Ltd, (2), (3) | 573,387 | ||||
Household Durables – 3.2% | ||||||
35,600 | Haseko Corp, (2) | 386,495 | ||||
13,896 | Kaufman & Broad SA, (2) | 502,194 | ||||
29,400 | Sumitomo Forestry Co Ltd, (2) | 363,211 | ||||
Total Household Durables | 1,251,900 | |||||
Independent Power & Renewable Electricity Producers – 1.5% | ||||||
29,300 | Capital Power Corp | 567,076 | ||||
Industrial Conglomerates – 1.1% | ||||||
6,199 | Rheinmetall AG, (2) | 419,543 |
Shares | Description (1) | Value | ||||
Insurance – 3.2% | ||||||
77,800 | Beazley PLC, (2) | $384,685 | ||||
13,709 | Topdanmark A/S, (2) | 553,395 | ||||
47,170 | UNIQA Insurance Group AG, (2) | 318,021 | ||||
Total Insurance | 1,256,101 | |||||
Interactive Media & Services – 1.5% | ||||||
92,220 | Rightmove PLC, (2) | 576,600 | ||||
IT Services – 5.5% | ||||||
34,300 | DTS Corp, (2) | 657,389 | ||||
32,900 | Nihon Unisys Ltd, (2) | 951,496 | ||||
27,800 | TIS Inc, (2) | 530,129 | ||||
Total IT Services | 2,139,014 | |||||
Machinery – 7.1% | ||||||
8,400 | Daifuku Co Ltd, (2) | 587,838 | ||||
3,780 | Kardex AG, (2) | 545,924 | ||||
15,400 | METAWATER Co Ltd, (2) | 612,432 | ||||
5,152 | Spirax-Sarco Engineering PLC, (2) | 563,832 | ||||
63,400 | Tadano Ltd, (2) | 483,599 | ||||
Total Machinery | 2,793,625 | |||||
Marine – 1.1% | ||||||
56,700 | Atlas Corp | 422,982 | ||||
Metals & Mining – 4.0% | ||||||
15,200 | Aperam, (2) | 393,845 | ||||
297,000 | Nippon Light Metal Holdings Co Ltd, (2) | 467,750 | ||||
434,200 | St Barbara Ltd, (2) | 714,670 | ||||
Total Metals & Mining | 1,576,265 | |||||
Multiline Retail – 2.7% | ||||||
13,000 | Seria Co Ltd, (2) | 422,504 | ||||
53,675 | Tokmanni Group Corp, (2) | 652,943 | ||||
Total Multiline Retail | 1,075,447 | |||||
Oil, Gas & Consumable Fuels – 1.9% | ||||||
16,000 | Parkland Fuel Corp | 378,519 | ||||
384,641 | Saras SpA, (2) | 363,242 | ||||
Total Oil, Gas & Consumable Fuels | 741,761 | |||||
Pharmaceuticals – 3.2% | ||||||
17,102 | Dechra Pharmaceuticals PLC, (2) | 595,289 | ||||
15,387 | Recordati SpA, (2) | 670,068 | ||||
Total Pharmaceuticals | 1,265,357 |
Shares | Description (1) | Value | ||||
Real Estate Management & Development – 4.4% | ||||||
34,876 | Castellum AB, (2) | $611,718 | ||||
57,048 | Savills PLC, (2) | 694,493 | ||||
19,424 | TAG Immobilien AG, (2) | 425,457 | ||||
Total Real Estate Management & Development | 1,731,668 | |||||
Road & Rail – 0.9% | ||||||
9,500 | Sankyu Inc, (2) | 365,065 | ||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||||
29,300 | Tower Semiconductor Ltd, (3) | 563,586 | ||||
Software – 1.8% | ||||||
32,201 | Altium Ltd, (2) | 706,856 | ||||
Specialty Retail – 1.5% | ||||||
84,425 | Bilia AB, (2) | 572,553 | ||||
Thrifts & Mortgage Finance – 0.8% | ||||||
106,990 | OneSavings Bank PLC, (2) | 328,359 | ||||
Trading Companies & Distributors – 5.5% | ||||||
69,100 | BOC Aviation Ltd,144A, (2) | 472,497 | ||||
58,565 | Howden Joinery Group PLC, (2) | 386,190 | ||||
18,500 | Nishio Rent All Co Ltd, (2) | 380,932 | ||||
37,200 | Russel Metals Inc | 403,014 | ||||
10,600 | Toromont Industries Ltd | 498,035 | ||||
Total Trading Companies & Distributors | 2,140,668 | |||||
Transportation Infrastructure – 1.3% | ||||||
700,000 | Yuexiu Transport Infrastructure Ltd, (2) | 488,653 | ||||
Total Long-Term Investments (cost $41,042,513) | 38,555,440 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.4% | ||||||
REPURCHASE AGREEMENTS – 2.4% | ||||||
$943 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $943,277, collaterized by $910,000 U.S. Treasury Notes, 1.500%, due 11/30/24, value $963,397 | 0.000% | 5/01/20 | $943,277 | ||
Total Short-Term Investments (cost $943,277) | 943,277 | |||||
Total Investments (cost $41,985,790) – 100.9% | 39,498,717 | |||||
Other Assets Less Liabilities – (0.9)% | (346,524) | |||||
Net Assets – 100% | $39,152,193 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $3,548,985 | $35,006,455 | $ — | $38,555,440 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 943,277 | — | 943,277 |
Total | $3,548,985 | $35,949,732 | $ — | $39,498,717 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.8% | ||||||
COMMON STOCKS – 98.8% | ||||||
Automobiles – 1.6% | ||||||
73,850 | Ferrari NV | $11,492,537 | ||||
Biotechnology – 2.9% | ||||||
57,450 | Amgen Inc | 13,743,189 | ||||
84,200 | BioMarin Pharmaceutical Inc, (2) | 7,748,084 | ||||
Total Biotechnology | 21,491,273 | |||||
Capital Markets – 2.4% | ||||||
52,750 | Moody's Corp | 12,865,725 | ||||
14,700 | MSCI Inc | 4,806,900 | ||||
Total Capital Markets | 17,672,625 | |||||
Chemicals – 1.8% | ||||||
39,150 | Linde PLC | 7,203,209 | ||||
11,390 | Sherwin-Williams Co | 6,109,254 | ||||
Total Chemicals | 13,312,463 | |||||
Containers & Packaging – 1.3% | ||||||
139,700 | Ball Corp | 9,162,923 | ||||
Equity Real Estate Investment Trust – 3.4% | ||||||
51,600 | American Tower Corp | 12,280,800 | ||||
18,610 | Equinix Inc | 12,565,472 | ||||
Total Equity Real Estate Investment Trust | 24,846,272 | |||||
Health Care Equipment & Supplies – 1.2% | ||||||
97,350 | Abbott Laboratories | 8,964,962 | ||||
Health Care Providers & Services – 3.4% | ||||||
84,300 | UnitedHealth Group Inc | 24,655,221 | ||||
Health Care Technology – 1.5% | ||||||
58,350 | Veeva Systems Inc, (2) | 11,133,180 | ||||
Hotels, Restaurants & Leisure – 1.0% | ||||||
7,900 | Chipotle Mexican Grill Inc, (2) | 6,940,545 | ||||
Interactive Media & Services – 10.7% | ||||||
16,720 | Alphabet Inc, (2) | 22,549,595 | ||||
16,380 | Alphabet Inc, (2) | 22,058,946 |
Shares | Description (1) | Value | ||||
Interactive Media & Services (continued) | ||||||
164,000 | Facebook Inc, (2) | $33,572,440 | ||||
Total Interactive Media & Services | 78,180,981 | |||||
Internet & Direct Marketing Retail – 10.6% | ||||||
53,000 | Alibaba Group Holding Ltd, Sponsored ADR, (2) | 10,741,510 | ||||
26,970 | Amazoncom Inc, (2) | 66,723,780 | ||||
Total Internet & Direct Marketing Retail | 77,465,290 | |||||
IT Services – 13.8% | ||||||
55,500 | Automatic Data Processing Inc | 8,141,295 | ||||
134,850 | Fiserv Inc, (2) | 13,897,641 | ||||
83,050 | Mastercard Inc | 22,836,258 | ||||
140,250 | PayPal Holdings Inc, (2) | 17,250,750 | ||||
182,000 | Visa Inc | 32,527,040 | ||||
46,250 | Wixcom Ltd, (2) | 6,049,963 | ||||
Total IT Services | 100,702,947 | |||||
Life Sciences Tools & Services – 1.4% | ||||||
132,400 | Agilent Technologies Inc | 10,149,784 | ||||
Pharmaceuticals – 6.2% | ||||||
346,200 | AstraZeneca PLC, Sponsored ADR | 18,099,336 | ||||
98,200 | Eli Lilly and Co | 15,185,648 | ||||
89,400 | Zoetis Inc | 11,560,314 | ||||
Total Pharmaceuticals | 44,845,298 | |||||
Semiconductors & Semiconductor Equipment – 4.1% | ||||||
27,700 | ASML Holding NV | 7,989,511 | ||||
29,600 | Micron Technology Inc, (2) | 1,417,544 | ||||
70,250 | NVIDIA Corp | 20,532,670 | ||||
Total Semiconductors & Semiconductor Equipment | 29,939,725 | |||||
Software – 22.6% | ||||||
76,450 | Adobe Inc, (2) | 27,035,778 | ||||
53,750 | Atlassian Corp PLC, (2) | 8,357,588 | ||||
71,600 | Intuit Inc | 19,318,396 | ||||
394,150 | Microsoft Corp | 70,635,621 | ||||
193,300 | salesforcecom Inc, (2) | 31,304,935 | ||||
22,650 | ServiceNow Inc, (2) | 7,962,381 | ||||
Total Software | 164,614,699 | |||||
Specialty Retail – 1.7% | ||||||
57,800 | Home Depot Inc | 12,706,174 | ||||
Technology Hardware, Storage & Peripherals – 4.8% | ||||||
120,100 | Apple Inc | 35,285,380 |
Shares | Description (1) | Value | ||||
Textiles, Apparel & Luxury Goods – 2.4% | ||||||
6,100 | Lululemon Athletica Inc, (2) | $1,363,228 | ||||
184,000 | NIKE Inc | 16,041,120 | ||||
Total Textiles, Apparel & Luxury Goods | 17,404,348 | |||||
Total Long-Term Investments (cost $411,919,177) | 720,966,627 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.2% | ||||||
REPURCHASE AGREEMENTS – 1.2% | ||||||
$8,568 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $8,568,314, collaterized by $8,315,000 U.S. Treasury Notes, 1.500%, due 10/31/24, value $8,741,144 | 0.000% | 5/01/20 | $8,568,314 | ||
Total Short-Term Investments (cost $8,568,314) | 8,568,314 | |||||
Total Investments (cost $420,487,491) – 100.0% | 729,534,941 | |||||
Other Assets Less Liabilities – 0.0% | 23,086 | |||||
Net Assets – 100% | $729,558,027 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $720,966,627 | $ — | $ — | $720,966,627 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 8,568,314 | — | 8,568,314 |
Total | $720,966,627 | $8,568,314 | $ — | $729,534,941 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.9% | ||||||
COMMON STOCKS – 98.9% | ||||||
Aerospace & Defense – 2.3% | ||||||
9,420 | BAE Systems PLC, (2) | $60,085 | ||||
57 | Dassault Aviation SA, (2) | 46,421 | ||||
Total Aerospace & Defense | 106,506 | |||||
Air Freight & Logistics – 1.3% | ||||||
2,108 | Deutsche Post AG, (2) | 62,623 | ||||
Airlines – 0.9% | ||||||
2,450 | Japan Airlines Co Ltd, (2) | 43,703 | ||||
Auto Components – 1.1% | ||||||
535 | Cie Generale des Etablissements Michelin SCA, (2) | 51,692 | ||||
Automobiles – 2.1% | ||||||
1,605 | Toyota Motor Corp, (2) | 99,232 | ||||
Banks – 6.5% | ||||||
10,500 | Bank Leumi Le-Israel BM, (2) | 56,575 | ||||
15,000 | BOC Hong Kong Holdings Ltd, (2) | 46,037 | ||||
4,340 | DBS Group Holdings Ltd, (2) | 61,103 | ||||
875 | KBC Group NV, (2) | 47,461 | ||||
105,265 | Lloyds Banking Group PLC, (2) | 42,591 | ||||
875 | Royal Bank of Canada | 53,828 | ||||
Total Banks | 307,595 | |||||
Beverages – 4.1% | ||||||
1,830 | Coca-Cola HBC AG, (2) | 46,370 | ||||
2,370 | Kirin Holdings Co Ltd, (2) | 45,737 | ||||
310 | Pernod Ricard SA, (2) | 47,335 | ||||
7,910 | Treasury Wine Estates Ltd, (2) | 52,027 | ||||
Total Beverages | 191,469 | |||||
Building Products – 1.8% | ||||||
1,645 | Kingspan Group PLC | 83,824 | ||||
Capital Markets – 4.6% | ||||||
6,155 | 3i Group PLC, (2) | 60,466 | ||||
330 | Deutsche Boerse AG, (2) | 51,163 | ||||
550 | Euronext NV,144A, (2) | 46,175 |
Shares | Description (1) | Value | ||||
Capital Markets (continued) | ||||||
870 | Macquarie Group Ltd, (2) | $57,631 | ||||
Total Capital Markets | 215,435 | |||||
Chemicals – 2.8% | ||||||
436 | Sika AG, (2) | 72,119 | ||||
4,750 | Tosoh Corp, (2) | 58,053 | ||||
Total Chemicals | 130,172 | |||||
Commercial Services & Supplies – 3.5% | ||||||
10,010 | Brambles Ltd, (2) | 71,547 | ||||
1,120 | Secom Co Ltd, (2) | 93,206 | ||||
Total Commercial Services & Supplies | 164,753 | |||||
Construction & Engineering – 1.6% | ||||||
950 | Eiffage SA, (2) | 77,636 | ||||
Diversified Telecommunication Services – 1.0% | ||||||
905 | Cellnex Telecom SA,144A, (2) | 47,336 | ||||
Electric Utilities – 0.9% | ||||||
6,536 | Enel SpA, (2) | 44,644 | ||||
Equity Real Estate Investment Trust – 2.3% | ||||||
7,720 | Goodman Group, (2) | 65,753 | ||||
3,720 | UNITE Group PLC, (2) | 41,077 | ||||
Total Equity Real Estate Investment Trust | 106,830 | |||||
Food & Staples Retailing – 2.3% | ||||||
2,020 | Alimentation Couche-Tard Inc | 56,365 | ||||
2,180 | Koninklijke Ahold Delhaize NV, (2) | 52,931 | ||||
Total Food & Staples Retailing | 109,296 | |||||
Food Products – 1.9% | ||||||
851 | Nestle SA, (2) | 90,129 | ||||
Gas Utilities – 1.0% | ||||||
10,549 | Snam SpA, (2) | 47,322 | ||||
Health Care Equipment & Supplies – 5.1% | ||||||
1,000 | GN Store Nord A/S, (2) | 45,636 | ||||
705 | Hoya Corp, (2) | 64,291 | ||||
3,079 | Smith & Nephew PLC, (2) | 60,253 | ||||
89 | Straumann Holding AG, (2) | 67,714 | ||||
Total Health Care Equipment & Supplies | 237,894 | |||||
Health Care Providers & Services – 1.5% | ||||||
3,995 | Sonic Healthcare Ltd, (2) | 70,553 |
Shares | Description (1) | Value | ||||
Hotels, Restaurants & Leisure – 1.1% | ||||||
3,055 | Aristocrat Leisure Ltd, (2) | $50,101 | ||||
Insurance – 4.4% | ||||||
307 | Allianz SE, (2) | 56,498 | ||||
2,725 | AXA SA, (2) | 48,441 | ||||
325 | Hannover Rueck SE, (2) | 51,784 | ||||
145 | Swiss Life Holding AG, (2) | 51,420 | ||||
Total Insurance | 208,143 | |||||
IT Services – 3.3% | ||||||
55 | Adyen NV,144A, (3) | 54,317 | ||||
775 | CGI Inc | 49,425 | ||||
2,775 | TIS Inc, (2) | 52,917 | ||||
Total IT Services | 156,659 | |||||
Leisure Products – 2.2% | ||||||
2,100 | Bandai Namco Holdings Inc, (2) | 104,929 | ||||
Life Sciences Tools & Services – 1.3% | ||||||
138 | Lonza Group AG, (2) | 60,260 | ||||
Machinery – 0.9% | ||||||
1,660 | Mitsubishi Heavy Industries Ltd, (2) | 42,568 | ||||
Metals & Mining – 1.7% | ||||||
3,960 | BHP Group Ltd, (2) | 80,841 | ||||
Multiline Retail – 1.3% | ||||||
3,150 | Pan Pacific International Holdings Corp, (2) | 61,027 | ||||
Multi-Utilities – 3.0% | ||||||
4,825 | Engie SA, (2) | 52,349 | ||||
1,782 | RWE AG, (2) | 51,264 | ||||
1,744 | Veolia Environnement SA, (2) | 37,180 | ||||
Total Multi-Utilities | 140,793 | |||||
Oil, Gas & Consumable Fuels – 4.3% | ||||||
13,380 | BP PLC, (2) | 52,723 | ||||
3,030 | Neste Oyj, (2) | 107,006 | ||||
4,544 | Repsol SA, (2) | 41,245 | ||||
Total Oil, Gas & Consumable Fuels | 200,974 | |||||
Personal Products – 1.0% | ||||||
888 | Unilever PLC, (2) | 45,725 | ||||
Pharmaceuticals – 9.2% | ||||||
800 | AstraZeneca PLC, (2) | 83,674 |
Shares | Description (1) | Value | ||||
Pharmaceuticals (continued) | ||||||
732 | Novartis AG, (2) | $62,468 | ||||
1,169 | Novo Nordisk A/S, (2) | 74,570 | ||||
1,320 | Recordati SpA, (2) | 57,483 | ||||
209 | Roche Holding AG, (2) | 72,376 | ||||
1,500 | Shionogi & Co Ltd, (2) | 82,841 | ||||
Total Pharmaceuticals | 433,412 | |||||
Professional Services – 1.6% | ||||||
1,005 | Wolters Kluwer NV | 73,921 | ||||
Real Estate Management & Development – 0.9% | ||||||
8,080 | Aroundtown SA, (2) | 43,461 | ||||
Road & Rail – 1.6% | ||||||
1,200 | West Japan Railway Co, (2) | 74,157 | ||||
Semiconductors & Semiconductor Equipment – 3.5% | ||||||
205 | ASML Holding NV, (2) | 59,878 | ||||
500 | Tokyo Electron Ltd, (2) | 106,490 | ||||
Total Semiconductors & Semiconductor Equipment | 166,368 | |||||
Software – 5.0% | ||||||
642 | Check Point Software Technologies Ltd | 67,885 | ||||
100 | Constellation Software Inc | 96,162 | ||||
426 | Nice Ltd, (2) | 69,962 | ||||
Total Software | 234,009 | |||||
Technology Hardware, Storage & Peripherals – 1.2% | ||||||
3,280 | Brother Industries Ltd, (2) | 55,591 | ||||
Textiles, Apparel & Luxury Goods – 1.8% | ||||||
381 | adidas AG, (2), (3) | 87,223 | ||||
Trading Companies & Distributors – 1.0% | ||||||
6,650 | BOC Aviation Ltd,144A, (2) | 45,472 | ||||
Total Long-Term Investments (cost $4,773,085) | 4,654,278 | |||||
Other Assets Less Liabilities – 1.1% | 53,082 | |||||
Net Assets – 100% | $4,707,360 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $535,727 | $4,118,551 | $ — | $4,654,278 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. |