Shares | Value | ||||
Common stocks: 98.28% | |||||
Communication services: 10.75% | |||||
Diversified telecommunication services: 1.99% | |||||
Verizon Communications Incorporated | 139,900 | $ 5,429,519 | |||
Entertainment: 3.98% | |||||
Activision Blizzard Incorporated | 77,450 | 5,905,563 | |||
Warner Music Group Corporation Class A | 157,500 | 4,970,700 | |||
10,876,263 | |||||
Interactive media & services: 1.72% | |||||
Alphabet Incorporated Class A † | 52,250 | 4,705,635 | |||
Media: 3.06% | |||||
Omnicom Group Incorporated | 92,450 | 8,373,197 | |||
Consumer discretionary: 8.55% | |||||
Household durables: 1.36% | |||||
Whirlpool Corporation | 26,900 | 3,711,662 | |||
Leisure products: 2.07% | |||||
Hasbro Incorporated | 102,920 | 5,661,629 | |||
Specialty retail: 2.05% | |||||
CarMax Incorporated † | 80,920 | 5,586,717 | |||
Textiles, apparel & luxury goods: 3.07% | |||||
Gildan Activewear Incorporated | 181,400 | 5,759,450 | |||
HanesBrands Incorporated | 462,700 | 2,628,136 | |||
8,387,586 | |||||
Consumer staples: 6.96% | |||||
Food products: 2.70% | |||||
Ingredion Incorporated | 29,960 | 2,978,024 | |||
The Kraft Heinz Company | 113,380 | 4,415,017 | |||
7,393,041 | |||||
Personal products: 2.45% | |||||
Unilever plc ADR | 133,850 | 6,683,131 | |||
Tobacco: 1.81% | |||||
Philip Morris International Incorporated | 50,900 | 4,952,570 | |||
Energy: 3.83% | |||||
Oil, gas & consumable fuels: 3.83% | |||||
EOG Resources Incorporated | 42,310 | 4,781,876 | |||
The Williams Companies Incorporated | 188,700 | 5,679,870 | |||
10,461,746 | |||||
Financials: 31.31% | |||||
Banks: 6.05% | |||||
JPMorgan Chase & Company | 46,650 | 6,687,278 |
Shares | Value | ||||
Banks (continued) | |||||
PNC Financial Services Group Incorporated | 25,450 | $ 4,019,064 | |||
US Bancorp | 122,100 | 5,827,833 | |||
16,534,175 | |||||
Capital markets: 10.90% | |||||
Brookfield Corporation † | 209,660 | 6,971,195 | |||
London Stock Exchange Group plc ADR | 295,800 | 6,673,248 | |||
State Street Corporation | 107,420 | 9,526,006 | |||
The Charles Schwab Corporation | 85,050 | 6,627,096 | |||
29,797,545 | |||||
Consumer finance: 1.20% | |||||
Synchrony Financial | 91,500 | 3,267,465 | |||
Diversified financial services: 2.39% | |||||
Berkshire Hathaway Incorporated Class B † | 21,380 | 6,524,748 | |||
Insurance: 10.77% | |||||
Arch Capital Group Limited † | 77,730 | 5,441,100 | |||
Chubb Limited | 23,550 | 4,969,521 | |||
Fidelity National Financial Incorporated † | 162,100 | 6,461,306 | |||
Globe Life Incorporated | 45,800 | 5,573,402 | |||
Progressive Corporation | 23,097 | 3,314,881 | |||
The Allstate Corporation | 28,560 | 3,677,957 | |||
29,438,167 | |||||
Health care: 13.46% | |||||
Health care equipment & supplies: 6.73% | |||||
Becton Dickinson & Company | 19,920 | 4,672,236 | |||
Dentsply Sirona Incorporated | 171,840 | 6,541,949 | |||
Medtronic plc | 86,800 | 7,187,040 | |||
18,401,225 | |||||
Health care providers & services: 4.32% | |||||
HCA Healthcare Incorporated | 25,700 | 6,256,665 | |||
Laboratory Corporation of America Holdings | 23,130 | 5,536,397 | |||
11,793,062 | |||||
Pharmaceuticals: 2.41% | |||||
Johnson & Johnson | 42,900 | 6,574,854 | |||
Industrials: 11.30% | |||||
Aerospace & defense: 1.18% | |||||
Woodward Incorporated | 32,639 | 3,231,261 | |||
Commercial services & supplies: 2.07% | |||||
IAA Incorporated † | 138,480 | 5,665,217 | |||
Electrical equipment: 1.94% | |||||
AMETEK Incorporated | 37,340 | 5,285,850 |
Shares | Value | ||||
Machinery: 2.76% | |||||
ESAB Corporation | 40,793 | $ 2,392,509 | |||
Stanley Black & Decker Incorporated | 60,110 | 5,146,017 | |||
7,538,526 | |||||
Trading companies & distributors: 3.35% | |||||
AerCap Holdings NV † | 146,600 | 9,153,703 | |||
Information technology: 8.73% | |||||
Electronic equipment, instruments & components: 6.06% | |||||
Arrow Electronics Incorporated † | 78,180 | 9,224,458 | |||
TE Connectivity Limited | 57,485 | 7,318,990 | |||
16,543,448 | |||||
Software: 2.67% | |||||
Open Text Corporation | 212,340 | 7,300,249 | |||
Real estate: 1.89% | |||||
Real estate management & development: 1.89% | |||||
CBRE Group Incorporated Class A † | 60,590 | 5,158,633 | |||
Utilities: 1.50% | |||||
Gas utilities: 1.50% | |||||
Atmos Energy Corporation | 36,400 | 4,106,284 | |||
Total Common stocks (Cost $209,626,284) | 268,537,108 |
Yield | |||||
Short-term investments: 1.50% | |||||
Investment companies: 1.50% | |||||
Allspring Government Money Market Fund Select Class ♠∞ | 4.39% | 4,112,203 | 4,112,203 | ||
Total Short-term investments (Cost $4,112,203) | 4,112,203 | ||||
Total investments in securities (Cost $213,738,487) | 99.78% | 272,649,311 | |||
Other assets and liabilities, net | 0.22 | 599,136 | |||
Total net assets | 100.00% | $273,248,447 |
† | Non-income-earning security |
♠ | The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
∞ | The rate represents the 7-day annualized yield at period end. |
Abbreviations: | |
ADR | American depositary receipt |
Value, beginning of period | Purchases | Sales proceeds | Net realized gains (losses) | Net change in unrealized gains (losses) | Value, end of period | Shares, end of period | Income from affiliated securities | |||
Short-term investments | ||||||||||
Allspring Government Money Market Fund Select Class | $12,217,232 | $69,485,090 | $(77,590,119) | $ 0 | $0 | $4,112,203 | 4,112,203 | $124,782 | ||
Investments in affiliates no longer held at end of period | ||||||||||
Securities Lending Cash Investments LLC | 0 | 7,758,270 | (7,758,254) | (16) | 0 | 0 | 0 | 5,118# | ||
$(16) | $0 | $4,112,203 | $129,900 |
# | Amount shown represents income before fees and rebates. |
■ | Level 1 – quoted prices in active markets for identical securities |
■ | Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
■ | Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments) |
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Common stocks | ||||
Communication services | $29,384,614 | $0 | $0 | $29,384,614 |
Consumer discretionary | 23,347,594 | 0 | 0 | 23,347,594 |
Consumer staples | 19,028,742 | 0 | 0 | 19,028,742 |
Energy | 10,461,746 | 0 | 0 | 10,461,746 |
Financials | 85,562,100 | 0 | 0 | 85,562,100 |
Health care | 36,769,141 | 0 | 0 | 36,769,141 |
Industrials | 30,874,557 | 0 | 0 | 30,874,557 |
Information technology | 23,843,697 | 0 | 0 | 23,843,697 |
Real estate | 5,158,633 | 0 | 0 | 5,158,633 |
Utilities | 4,106,284 | 0 | 0 | 4,106,284 |
Short-term investments | ||||
Investment companies | 4,112,203 | 0 | 0 | 4,112,203 |
Total assets | $272,649,311 | $0 | $0 | $272,649,311 |